UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-22311

Schwab Strategic Trust

(Exact name of registrant as specified in charter)

211 Main Street, San Francisco, California 94105

(Address of principal executive offices) (Zip code)

Marie Chandoha
Schwab Strategic Trust
211 Main Street, San Francisco, California 94105
(Name and address of agent for service)

Registrant’s telephone number, including area code: (415) 636-7000

Date of fiscal year end: August 31

Date of reporting period: May 31, 2013

Item 1. Schedule of Investments.

Schwab Strategic Trust
Schwab International Equity ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	98	.8%	Common Stock		1,248,858,555		1,349,315,963
	0	.1%	Other Investment Companies		1,541,798		1,534,900
	0	.5%	Preferred Stock		4,919,889		6,485,330
		—%	Rights		—		—
	99	.4%	Total Investments		1,255,320,242		1,357,336,193
	0	.3%	Collateral Invested for Securities on Loan		4,263,210		4,263,210
	0	.3%	Other Assets and Liabilities, Net				4,286,916
	100	.0%	Net Assets				1,365,886,319

	Number		Value
Security	of Shares		($)
Common Stock 98.8% of net assets
Australia 7.3%
Banks 2.3%
Australia & New Zealand Banking Group Ltd.		265,582		7,012,419
Bank of Queensland Ltd.		26,510		223,665
Bendigo & Adelaide Bank Ltd.		45,308		429,178
Commonwealth Bank of Australia		152,613		9,782,800
National Australia Bank Ltd.		219,792		6,111,040
Westpac Banking Corp.		306,654		8,361,487
				31,920,589
Capital Goods 0.1%
CSR Ltd.		113,752		235,569
GWA Group Ltd.		84,350		172,254
Leighton Holdings Ltd.		11,568		195,088
				602,911
Commercial & Professional Services 0.1%
ALS Ltd.		17,352		167,860
Brambles Ltd.		176,548		1,550,471
Downer EDI Ltd.		66,998		240,236
				1,958,567
Consumer Services 0.2%
Aristocrat Leisure Ltd.		29,402		122,623
Crown Ltd.		65,552		807,596
Echo Entertainment Group Ltd.		156,168		441,692
Flight Centre Ltd.		6,748		253,998
Tatts Group Ltd.		130,622		402,001
				2,027,910
Diversified Financials 0.2%
ASX Ltd.		21,690		777,744
Challenger Ltd.		45,308		175,928
IOOF Holdings Ltd.		40,970		326,809
Macquarie Group Ltd.		33,740		1,396,473
Perpetual Ltd.		2,410		100,071
				2,777,025
Energy 0.5%
Caltex Australia Ltd.		5,784		124,661
Energy Resources of Australia Ltd. *		93,990		106,333
New Hope Corp., Ltd.		38,560		143,811
Oil Search Ltd.		149,902		1,188,552
Origin Energy Ltd.		111,488		1,439,796
Paladin Energy Ltd. *		106,040		104,208
Santos Ltd.		86,760		1,088,009
Whitehaven Coal Ltd.		86,702		189,526
Woodside Petroleum Ltd.		58,804		2,029,056
WorleyParsons Ltd.		25,546		507,234
				6,921,186
Food & Staples Retailing 0.6%
Metcash Ltd.		100,738		373,774
Wesfarmers Ltd.		90,134		3,390,962
Wesfarmers Ltd., Price Protected Shares		20,726		794,643
Woolworths Ltd.		109,414		3,461,722
				8,021,101
Food, Beverage & Tobacco 0.1%
Coca-Cola Amatil Ltd.		57,840		715,358
Treasury Wine Estates Ltd.		82,575		481,346
				1,196,704
Health Care Equipment & Services 0.1%
Ansell Ltd.		9,640		159,338
Cochlear Ltd.		4,820		298,251
Ramsay Health Care Ltd.		14,460		479,262
Sonic Healthcare Ltd.		45,790		624,713
				1,561,564
Insurance 0.4%
AMP Ltd.		274,785		1,364,671
Insurance Australia Group Ltd.		247,748		1,349,161
QBE Insurance Group Ltd.		93,026		1,427,911
Suncorp Group Ltd.		122,569		1,465,387
				5,607,130
Materials 1.4%
Adelaide Brighton Ltd.		54,466		173,890
Alumina Ltd. *		245,820		243,929
Amcor Ltd.		179,786		1,709,908
Arrium Ltd.		146,528		113,089
BHP Billiton Ltd.		276,668		9,252,108
BlueScope Steel Ltd. *		58,322		294,678
Boral Ltd.		64,588		282,372
DuluxGroup Ltd.		33,258		146,357
Fortescue Metals Group Ltd.		220,274		707,479
Gunns Ltd. *(b)(c)		346,320		—
Iluka Resources Ltd.		58,322		628,498

1

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Incitec Pivot Ltd.		187,016		523,561
James Hardie Industries plc CDI		16,870		161,094
Lynas Corp., Ltd. *		246,302		132,240
Newcrest Mining Ltd.		66,516		925,335
Nufarm Ltd.		24,582		107,470
Orica Ltd.		33,258		716,800
OZ Minerals Ltd.		53,301		206,964
Rio Tinto Ltd.		50,457		2,669,368
Sims Metal Management Ltd.		12,050		112,063
				19,107,203
Media 0.0%
Fairfax Media Ltd.		200,287		119,056
Seven West Media Ltd.		63,142		133,182
				252,238
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
CSL Ltd.		53,502		3,057,184
Real Estate 0.6%
CFS Retail Property Trust Group		286,308		551,741
Commonwealth Property Office Fund		527,332		556,137
Dexus Property Group		594,306		626,770
Goodman Group		46,272		228,027
GPT Group		204,922		764,264
Lend Lease Group		68,003		653,283
Mirvac Group		311,854		500,808
Shopping Centres Australasia Property Group *		21,828		35,263
Stockland		281,970		986,736
Westfield Group		214,008		2,363,675
Westfield Retail Trust		247,748		731,587
				7,998,291
Retailing 0.0%
Harvey Norman Holdings Ltd.		65,070		156,588
Software & Services 0.1%
Computershare Ltd.		61,696		661,900
Telecommunication Services 0.1%
Telstra Corp., Ltd.		354,752		1,612,161
Transportation 0.2%
Asciano Ltd.		97,364		471,406
Aurizon Holdings Ltd.		107,968		445,112
Macquarie Atlas Roads Group		89,652		163,312
Qantas Airways Ltd. *		71,336		109,087
Sydney Airport		23,650		82,762
Toll Holdings Ltd.		26,510		123,270
Transurban Group		214,972		1,426,242
				2,821,191
Utilities 0.1%
AGL Energy Ltd.		70,854		978,210
APA Group		34,222		211,626
Envestra Ltd.		148,456		145,179
SP Ausnet		110,860		128,076
				1,463,091
				99,724,534
Austria 0.3%
Banks 0.1%
Erste Group Bank AG		26,028		845,331
Raiffeisen Bank International AG		5,302		181,405
				1,026,736
Capital Goods 0.0%
Andritz AG		4,633		252,183
Strabag SE		5,302		114,031
				366,214
Energy 0.1%
OMV AG		17,352		803,953
Insurance 0.0%
Vienna Insurance Group AG		4,338		212,232
Materials 0.1%
Voestalpine AG		17,834		594,232
Real Estate 0.0%
Immofinanz AG *		88,744		364,819
Telecommunication Services 0.0%
Telekom Austria AG		35,668		244,441
				3,612,627
Belgium 0.9%
Banks 0.1%
KBC GROEP N.V.		28,203		1,121,753
Diversified Financials 0.1%
Groupe Bruxelles Lambert S.A.		8,676		686,340
Food & Staples Retailing 0.0%
Colruyt S.A.		9,640		492,928
Delhaize Group		2,410		154,138
				647,066
Food, Beverage & Tobacco 0.4%
Anheuser-Busch InBev N.V.		74,471		6,865,070
Insurance 0.1%
Ageas		27,176		1,000,779
Materials 0.1%
Solvay S.A.		3,374		487,557
Umicore S.A.		10,604		508,208
				995,765
Media 0.0%
Telenet Group Holding N.V.		7,230		337,276
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
UCB S.A.		13,978		766,194
Telecommunication Services 0.0%
Belgacom S.A.		18,798		421,222
				12,841,465
Canada 8.1%
Automobiles & Components 0.1%
Magna International, Inc.		23,896		1,598,538
Banks 2.2%
Bank of Montreal		54,316		3,225,169
Bank of Nova Scotia		104,594		5,974,776
Canadian Imperial Bank of Commerce		48,200		3,653,882
National Bank of Canada		10,122		747,141
Royal Bank of Canada		144,600		8,608,425

2 

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
The Toronto-Dominion Bank		96,400		7,833,812
				30,043,205
Capital Goods 0.1%
Bombardier, Inc., B Shares		192,800		876,745
Finning International, Inc.		24,250		531,668
SNC-Lavalin Group, Inc.		5,302		209,453
				1,617,866
Consumer Services 0.0%
Tim Hortons, Inc.		6,116		326,408
Diversified Financials 0.1%
CI Financial Corp.		21,785		636,129
IGM Financial, Inc.		13,504		634,991
				1,271,120
Energy 2.0%
ARC Resources Ltd.		15,424		428,299
Cameco Corp.		23,136		504,558
Canadian Natural Resources Ltd.		104,188		3,114,904
Canadian Oil Sands Ltd.		48,200		935,972
Cenovus Energy, Inc.		66,281		1,990,578
Crescent Point Energy Corp.		37,983		1,379,596
Enbridge, Inc.		96,400		4,194,386
EnCana Corp.		74,029		1,416,045
Husky Energy, Inc.		48,200		1,365,950
Imperial Oil Ltd.		48,200		1,888,267
MEG Energy Corp. *		6,309		179,342
Pacific Rubiales Energy Corp.		18,534		392,719
Pembina Pipeline Corp.		8,676		272,146
Penn West Petroleum Ltd.		48,200		494,335
Suncor Energy, Inc.		134,349		4,088,120
Talisman Energy, Inc.		96,400		1,131,374
TransCanada Corp.		68,606		3,156,985
				26,933,576
Food & Staples Retailing 0.1%
Alimentation Couche-Tard, Inc., B Shares		7,395		414,987
George Weston Ltd.		3,944		318,138
Loblaw Cos. Ltd.		2,465		118,534
Metro, Inc.		964		64,739
Shoppers Drug Mart Corp.		23,957		1,049,560
				1,965,958
Food, Beverage & Tobacco 0.1%
Saputo, Inc.		15,083		739,593
Health Care Equipment & Services 0.1%
Catamaran Corp. *		16,388		806,438
Insurance 0.6%
Fairfax Financial Holdings Ltd.		186		75,341
Great-West Lifeco, Inc. (a)		48,200		1,351,494
Intact Financial Corp.		3,058		181,518
Manulife Financial Corp.		172,106		2,734,247
Power Corp. of Canada		48,200		1,357,090
Power Financial Corp.		48,200		1,454,091
Sun Life Financial, Inc.		48,200		1,415,850
				8,569,631
Materials 1.2%
Agnico Eagle Mines Ltd.		18,827		613,874
Agrium, Inc.		12,818		1,188,848
Barrick Gold Corp.		96,400		2,031,437
Eldorado Gold Corp.		72,300		586,207
First Quantum Minerals Ltd.		49,284		885,019
Franco-Nevada Corp.		19,280		806,979
Goldcorp, Inc.		74,475		2,217,208
Kinross Gold Corp.		96,400		634,241
Potash Corp. of Saskatchewan, Inc.		82,210		3,487,890
Silver Wheaton Corp.		33,317		792,671
Teck Resources Ltd., Class B		52,829		1,415,350
Turquoise Hill Resources Ltd. *		78,084		522,801
Yamana Gold, Inc.		74,715		883,380
				16,065,905
Media 0.2%
Shaw Communications, Inc., B Shares		48,200		1,077,743
Thomson Reuters Corp.		48,200		1,608,921
				2,686,664
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Valeant Pharmaceuticals International, Inc. *		24,821		2,290,818
Real Estate 0.2%
Brookfield Asset Management, Inc., Class A		48,200		1,704,990
Brookfield Office Properties, Inc.		96,400		1,662,085
				3,367,075
Retailing 0.0%
Canadian Tire Corp. Ltd., Class A		5,623		453,191
Software & Services 0.1%
CGI Group, Inc., A Shares *		31,445		965,666
Technology Hardware & Equipment 0.1%
Research In Motion Ltd. *		50,919		711,895
Telecommunication Services 0.2%
BCE, Inc.		48,200		2,172,743
Rogers Communications, Inc., B Shares		13,504		614,085
				2,786,828
Transportation 0.4%
Canadian National Railway Co.		38,577		3,926,937
Canadian Pacific Railway Ltd.		16,179		2,157,722
				6,084,659
Utilities 0.1%
Canadian Utilities Ltd., Class A		8,774		646,112
Fortis, Inc.		22,956		733,180
TransAlta Corp.		25,546		366,055
				1,745,347
				111,030,381
Denmark 1.0%
Banks 0.1%
Danske Bank A/S *		98,810		1,947,672
Capital Goods 0.0%
FLSmidth & Co. A/S		6,748		338,746
Rockwool International A/S, B Shares		1,446		197,306
				536,052

3

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Food, Beverage & Tobacco 0.1%
Carlsberg A/S, B Shares		13,014		1,239,633
Health Care Equipment & Services 0.1%
Coloplast A/S Class B		14,460		824,411
William Demant Holding A/S *		2,892		230,232
				1,054,643
Pharmaceuticals, Biotechnology & Life Sciences 0.6%
Novo Nordisk A/S, B Shares		41,241		6,627,320
Novozymes A/S, B Shares		27,956		966,522
				7,593,842
Transportation 0.1%
AP Moller - Maersk A/S, A Shares		50		342,775
AP Moller - Maersk A/S, B Shares		70		501,786
DSV A/S		23,618		567,763
				1,412,324
				13,784,166
Finland 0.7%
Automobiles & Components 0.0%
Nokian Renkaat Oyj		13,496		566,877
Capital Goods 0.2%
Kone Oyj, B Shares		19,889		1,756,644
Wartsila Oyj Abp		23,136		1,085,430
				2,842,074
Food & Staples Retailing 0.0%
Kesko Oyj, B Shares		5,784		175,483
Insurance 0.2%
Sampo Oyj, A Shares		53,020		2,163,801
Materials 0.1%
Stora Enso Oyj, R Shares		74,228		542,565
UPM-Kymmene Oyj		57,358		618,475
				1,161,040
Technology Hardware & Equipment 0.1%
Nokia Oyj *		360,829		1,235,490
Utilities 0.1%
Fortum Oyj		44,344		833,313
				8,978,078
France 7.9%
Automobiles & Components 0.2%
Compagnie Generale des Etablissements Michelin, B Shares		15,054		1,322,387
Peugeot S.A. *		14,942		132,204
Renault S.A.		16,388		1,269,233
Valeo S.A.		7,712		517,228
				3,241,052
Banks 0.7%
BNP Paribas S.A.		100,256		5,889,157
Credit Agricole S.A. *		104,594		989,136
Natixis		32,776		154,619
Societe Generale		67,962		2,718,110
				9,751,022
Capital Goods 1.1%
Alstom S.A.		24,100		909,679
Bouygues S.A.		13,014		347,021
Compagnie de Saint-Gobain		36,150		1,571,362
Eiffage S.A.		1,928		90,777
European Aeronautic Defence & Space Co., N.V.		47,725		2,749,303
Legrand S.A. (a)		18,358		905,165
Rexel S.A.		10,122		229,173
Safran S.A.		19,762		1,052,507
Schneider Electric S.A.		51,098		4,062,119
Thales S.A.		7,230		352,034
Vallourec S.A.		11,568		626,671
Vinci S.A.		42,898		2,206,876
Zodiac Aerospace		3,856		508,983
				15,611,670
Commercial & Professional Services 0.1%
Bureau Veritas S.A.		7,230		837,872
Edenred		19,280		614,552
Societe BIC S.A.		4,084		434,121
				1,886,545
Consumer Durables & Apparel 0.4%
Christian Dior S.A.		5,784		1,061,817
Hermes International		964		343,819
LVMH Moet Hennessy Louis Vuitton S.A.		24,582		4,353,433
				5,759,069
Consumer Services 0.1%
Accor S.A.		21,690		778,654
Sodexo		10,604		902,351
				1,681,005
Diversified Financials 0.1%
Eurazeo		4,320		237,581
Wendel		3,374		372,336
				609,917
Energy 0.8%
CGG *		19,473		482,279
Technip S.A.		10,604		1,180,918
Total S.A.		193,034		9,652,888
				11,316,085
Food & Staples Retailing 0.2%
Carrefour S.A.		59,768		1,767,235
Casino Guichard Perrachon S.A.		6,266		654,531
				2,421,766
Food, Beverage & Tobacco 0.5%
Danone S.A.		58,322		4,288,710
Pernod-Ricard S.A.		23,618		2,837,142
				7,125,852
Health Care Equipment & Services 0.2%
bioMerieux		1,928		184,228
Essilor International S.A.		20,855		2,300,901
				2,485,129
Household & Personal Products 0.3%
L’Oreal S.A.		25,064		4,234,151
Insurance 0.3%
AXA S.A.		164,362		3,329,395

4 

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
CNP Assurances		12,532		189,132
SCOR SE		13,496		396,255
				3,914,782
Materials 0.4%
Air Liquide S.A.		28,920		3,723,670
Arkema S.A.		4,820		497,489
Eramet		1,446		152,076
Imerys S.A.		3,374		211,136
Lafarge S.A.		18,798		1,348,448
				5,932,819
Media 0.2%
Eutelsat Communications		12,050		374,491
JC Decaux S.A.		5,302		138,390
Lagardere S.C.A. (a)		12,532		321,987
Publicis Groupe		13,014		932,192
SES		32,294		956,132
Societe Television Francaise 1		15,424		175,108
				2,898,300
Pharmaceuticals, Biotechnology & Life Sciences 0.9%
Sanofi		110,378		11,803,045
Real Estate 0.2%
Fonciere Des Regions		3,374		285,756
Gecina S.A.		2,410		294,627
Klepierre		8,676		373,304
Unibail-Rodamco SE		6,748		1,655,068
				2,608,755
Retailing 0.2%
Kering		9,640		2,101,396
Semiconductors & Semiconductor Equipment 0.1%
STMicroelectronics N.V.		81,780		769,677
Software & Services 0.1%
AtoS		6,266		457,766
Cap Gemini S.A.		13,978		684,222
Dassault Systemes S.A.		4,820		605,932
				1,747,920
Technology Hardware & Equipment 0.0%
Alcatel-Lucent *		281,970		483,468
Telecommunication Services 0.4%
France Telecom S.A. (a)		181,714		1,847,037
Iliad S.A.		1,928		403,288
Vivendi		127,408		2,504,882
				4,755,207
Transportation 0.1%
Aeroports de Paris		3,856		352,315
Bollore		964		404,225
Groupe Eurotunnel S.A. - Reg’d		40,970		330,264
				1,086,804
Utilities 0.3%
Electricite de France S.A. (a)		28,438		648,291
GDF Suez		125,802		2,567,870
Suez Environnement Co. (a)		36,632		471,570
Veolia Environnement		46,754		582,179
				4,269,910
				108,495,346
Germany 6.8%
Automobiles & Components 0.8%
Bayerische Motoren Werke AG		28,438		2,715,893
Continental AG		8,194		1,079,464
Daimler AG - Reg’d		100,365		6,426,908
Volkswagen AG		2,410		515,511
				10,737,776
Banks 0.1%
Commerzbank AG *		87,671		918,063
Capital Goods 0.8%
Brenntag AG		964		146,798
GEA Group AG		20,726		755,597
Hochtief AG		6,266		441,362
MAN SE		12,532		1,390,432
Siemens AG - Reg’d		78,235		8,274,646
				11,008,835
Commercial & Professional Services 0.0%
Bilfinger SE		3,374		354,189
Consumer Durables & Apparel 0.2%
Adidas AG		23,136		2,521,376
Puma SE		964		278,916
				2,800,292
Diversified Financials 0.4%
Deutsche Bank AG - Reg’d		96,725		4,522,203
Deutsche Boerse AG		21,690		1,399,609
				5,921,812
Food & Staples Retailing 0.0%
Metro AG		19,280		657,904
Food, Beverage & Tobacco 0.0%
Suedzucker AG		5,784		196,022
Health Care Equipment & Services 0.2%
Celesio AG		8,194		169,380
Fresenius Medical Care AG & Co. KGaA		22,654		1,538,442
Fresenius SE & Co. KGaA		13,496		1,600,060
				3,307,882
Household & Personal Products 0.1%
Beiersdorf AG		7,712		694,935
Henkel AG & Co. KGaA		13,978		1,143,087
				1,838,022
Insurance 0.8%
Allianz SE - Reg’d		39,042		6,059,162
Hannover Rueckversicherung SE - Reg’d		6,266		473,601
Muenchener Rueckversicherungs-Gesellschaft AG - Reg’d		19,762		3,704,711
				10,237,474
Materials 1.2%
BASF SE		90,134		8,787,891
Fuchs Petrolub AG		2,410		177,969
HeidelbergCement AG		20,244		1,534,557
K+S AG		19,288		812,660
Lanxess AG		7,712		575,398
Linde AG		14,460		2,774,481
Salzgitter AG		4,820		183,404
ThyssenKrupp AG *		38,560		772,344

5

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Wacker Chemie AG		1,928		142,525
				15,761,229
Media 0.1%
Axel Springer AG		5,784		253,742
Kabel Deutschland Holding AG		7,230		682,142
				935,884
Pharmaceuticals, Biotechnology & Life Sciences 0.8%
Bayer AG - Reg’d		83,386		8,957,777
Merck KGaA		6,266		992,760
QIAGEN N.V. *		22,654		424,833
				10,375,370
Retailing 0.0%
Fielmann AG		1,446		150,877
Semiconductors & Semiconductor Equipment 0.1%
Infineon Technologies AG		112,306		953,343
Software & Services 0.5%
SAP AG		86,492		6,504,793
Software AG		3,374		116,248
United Internet AG - Reg’d		9,400		267,769
				6,888,810
Telecommunication Services 0.2%
Deutsche Telekom AG - Reg’d		274,481		3,143,918
Transportation 0.2%
Deutsche Lufthansa AG - Reg’d *		21,690		467,473
Deutsche Post AG - Reg’d		84,832		2,150,471
Fraport AG		4,338		255,803
				2,873,747
Utilities 0.3%
E.ON SE		163,179		2,761,928
RWE AG		47,718		1,636,044
				4,397,972
				93,459,421
Greece 0.1%
Food, Beverage & Tobacco 0.1%
Coca Cola Hellenic Bottling Co. S.A. ADR *		15,424		410,741
Telecommunication Services 0.0%
Hellenic Telecommunications Organization S.A. *		38,631		339,947
				750,688
Hong Kong 3.3%
Automobiles & Components 0.0%
Xinyi Glass Holdings Ltd.		456,000		394,157
Banks 0.3%
BOC Hong Kong Holdings Ltd.		482,000		1,608,157
Dah Sing Banking Group Ltd.		224,160		278,655
Hang Seng Bank Ltd.		96,400		1,552,275
The Bank of East Asia Ltd.		114,000		446,437
Wing Hang Bank Ltd.		24,000		230,484
				4,116,008
Capital Goods 0.4%
Hopewell Holdings Ltd.		241,000		870,826
Hutchison Whampoa Ltd.		218,000		2,322,435
Jardine Matheson Holdings Ltd.		15,800		1,038,060
Jardine Strategic Holdings Ltd.		20,000		802,200
Johnson Electric Holdings Ltd.		496,000		325,862
Shun Tak Holdings Ltd.		178,000		95,618
				5,455,001
Consumer Durables & Apparel 0.1%
Prada S.p.A.		31,200		300,835
Techtronic Industries Co., Ltd.		241,000		625,567
Yue Yuen Industrial Holdings Ltd.		40,000		116,968
				1,043,370
Consumer Services 0.3%
China Travel International Investment Hong Kong Ltd.		964,000		188,757
Galaxy Entertainment Group Ltd. *		153,000		800,201
Melco International Development Ltd.		81,000		178,219
Sands China Ltd.		241,900		1,283,851
Shangri-La Asia Ltd.		250,000		463,106
SJM Holdings Ltd.		149,000		406,915
Wynn Macau Ltd. *		80,000		237,543
				3,558,592
Diversified Financials 0.2%
Hong Kong Exchanges & Clearing Ltd.		132,000		2,224,146
Energy 0.0%
Brightoil Petroleum Holdings Ltd. *(a)		1,268,000		243,381
Food & Staples Retailing 0.0%
Sun Art Retail Group Ltd.		241,000		342,121
Food, Beverage & Tobacco 0.1%
China Mengniu Dairy Co., Ltd.		74,000		257,858
Tingyi Cayman Islands Holding Corp.		178,000		458,139
Want Want China Holdings Ltd.		701,000		1,036,672
				1,752,669
Insurance 0.4%
AIA Group Ltd.		1,181,000		5,256,293
Materials 0.0%
Huabao International Holdings Ltd. (a)		175,000		76,873
United Co. RUSAL plc *(a)		389,000		185,911
				262,784
Media 0.0%
Television Broadcasts Ltd.		24,000		174,525
Real Estate 0.9%
Cheung Kong (Holdings) Ltd.		109,000		1,541,738
Hang Lung Group Ltd.		50,000		274,063
Hang Lung Properties Ltd.		175,000		615,435
Henderson Land Development Co., Ltd.		70,000		493,250
Hongkong Land Holdings Ltd.		134,000		931,300
Hutchison Harbour Ring Ltd.		1,162,000		91,310
Hysan Development Co., Ltd.		31,000		138,172
Kerry Properties Ltd.		65,500		265,787
New World Development Co., Ltd.		482,000		769,928
Sino Land Co., Ltd.		225,000		335,639
Sun Hung Kai Properties Ltd.		135,000		1,794,713

6 

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Swire Pacific Ltd., Class A		72,000		915,443
Swire Properties Ltd.		192,800		603,524
The Link REIT		241,000		1,246,477
Wharf Holdings Ltd.		114,000		1,014,763
Wheelock & Co., Ltd.		120,000		672,438
				11,703,980
Retailing 0.1%
Esprit Holdings Ltd. (a)		157,600		241,593
Li & Fung Ltd.		694,000		969,104
Lifestyle International Holdings Ltd.		241,000		536,466
				1,747,163
Semiconductors & Semiconductor Equipment 0.0%
ASM Pacific Technology Ltd.		48,200		573,721
Technology Hardware & Equipment 0.1%
AAC Technologies Holdings, Inc.		68,000		385,866
Foxconn International Holdings Ltd. *		191,000		108,506
VTech Holdings Ltd. (a)		38,900		573,267
				1,067,639
Telecommunication Services 0.0%
PCCW Ltd.		482,000		229,116
Transportation 0.1%
Cathay Pacific Airways Ltd.		62,000		115,649
Hopewell Highway Infrastructure Ltd. (a)		723,000		353,918
MTR Corp., Ltd.		150,000		593,214
				1,062,781
Utilities 0.3%
Cheung Kong Infrastructure Holdings Ltd.		72,000		500,850
CLP Holdings Ltd.		124,500		1,051,293
Hong Kong & China Gas Co., Ltd.		483,000		1,368,836
Power Assets Holdings Ltd.		142,500		1,254,686
				4,175,665
				45,383,112
Ireland 0.2%
Banks 0.0%
The Governor & Co. of the Bank of Ireland *		2,642,810		633,640
Food, Beverage & Tobacco 0.1%
Kerry Group plc, A Shares		14,942		846,243
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Elan Corp. plc *		67,480		826,441
Transportation 0.0%
Ryanair Holdings plc		11,021		97,840
				2,404,164
Israel 0.5%
Banks 0.1%
Bank Hapoalim B.M. *		109,896		510,909
Bank Leumi Le-Israel *		93,990		329,057
First International Bank of Israel Ltd. *		13,014		198,738
Israel Discount Bank Ltd., A Shares *		88,212		148,084
Mizrahi Tefahot Bank Ltd. *		10,604		109,852
				1,296,640
Energy 0.0%
Delek Group Ltd.		482		124,766
Food, Beverage & Tobacco 0.0%
Osem Investments Ltd.		6,266		125,295
Materials 0.1%
Israel Chemicals Ltd.		49,164		548,449
The Israel Corp., Ltd. *		196		121,158
				669,607
Pharmaceuticals, Biotechnology & Life Sciences 0.3%
Teva Pharmaceutical Industries Ltd.		91,248		3,498,468
Real Estate 0.0%
Azrieli Group		3,856		110,671
Gazit-Globe Ltd.		7,230		97,588
				208,259
Semiconductors & Semiconductor Equipment 0.0%
Mellanox Technologies Ltd. *		2,892		162,091
Software & Services 0.0%
NICE Systems Ltd.		4,820		177,230
Telecommunication Services 0.0%
Bezeq Israeli Telecommunication Corp., Ltd.		178,340		229,368
				6,491,724
Italy 1.9%
Automobiles & Components 0.1%
Fiat S.p.A. *		62,660		497,395
Pirelli & C. S.p.A.		43,862		508,480
				1,005,875
Banks 0.4%
Banca Monte dei Paschi di Siena S.p.A. *		482,000		150,234
Banco Popolare Societa Cooperativa *		144,600		215,887
Intesa Sanpaolo S.p.A.		1,170,296		2,212,870
UniCredit S.p.A.		419,543		2,389,139
Unione di Banche Italiane S.c.p.A.		67,962		307,043
				5,275,173
Capital Goods 0.1%
Fiat Industrial S.p.A.		85,314		982,940
Prysmian S.p.A.		13,186		282,824
				1,265,764
Consumer Durables & Apparel 0.1%
Luxottica Group S.p.A.		13,014		675,658
Consumer Services 0.0%
Autogrill S.p.A. *		22,172		291,947
Diversified Financials 0.0%
EXOR S.p.A.		9,158		292,090
Mediobanca S.p.A.		56,394		374,204
				666,294

7

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Energy 0.5%
Eni S.p.A.		241,964		5,487,743
Saipem S.p.A.		28,920		776,217
Tenaris S.A.		44,344		940,781
				7,204,741
Food, Beverage & Tobacco 0.0%
Parmalat S.p.A.		113,270		350,847
Insurance 0.2%
Assicurazioni Generali S.p.A.		118,572		2,220,521
Materials 0.0%
Buzzi Unicem S.p.A.		7,712		128,533
Media 0.0%
Mediaset S.p.A. *		80,012		251,980
Telecommunication Services 0.1%
Telecom Italia S.p.A.		968,820		752,099
Telecom Italia S.p.A. - RSP		624,672		386,815
				1,138,914
Transportation 0.1%
Atlantia S.p.A.		48,836		832,915
Utilities 0.3%
Enel Green Power S.p.A.		48,682		104,796
Enel S.p.A.		736,496		2,785,227
Snam S.p.A.		164,362		780,054
Terna-Rete Elettrica Nazionale S.p.A.		150,866		669,077
				4,339,154
				25,648,316
Japan 19.6%
Automobiles & Components 2.8%
Aisin Seiki Co., Ltd.		10,900		403,724
Bridgestone Corp.		59,200		1,975,776
Daihatsu Motor Co., Ltd.		11,000		236,831
Denso Corp.		48,200		2,045,427
Fuji Heavy Industries Ltd.		51,000		1,186,422
Honda Motor Co., Ltd.		162,500		6,163,654
Isuzu Motors Ltd.		96,000		736,816
Koito Manufacturing Co., Ltd.		7,000		130,121
Mazda Motor Corp. *		224,000		896,222
Mitsubishi Motors Corp. *		964,000		1,517,960
NGK Spark Plug Co., Ltd.		14,000		249,983
NHK Spring Co., Ltd.		5,000		57,688
Nissan Motor Co., Ltd.		241,000		2,661,203
Nok Corp.		48,200		788,098
Stanley Electric Co., Ltd.		9,700		180,791
Sumitomo Rubber Industries Ltd.		48,200		772,346
Suzuki Motor Corp.		48,200		1,197,661
The Yokohama Rubber Co., Ltd.		18,000		184,323
Toyoda Gosei Co., Ltd.		4,700		115,481
Toyota Industries Corp.		11,300		452,671
Toyota Motor Corp.		261,170		15,544,756
Yamaha Motor Co., Ltd.		48,200		769,004
				38,266,958
Banks 2.1%
Aozora Bank Ltd.		297,000		867,690
Fukuoka Financial Group, Inc.		107,000		440,822
Hokuhoku Financial Group, Inc.		482,000		964,239
Mitsubishi UFJ Financial Group, Inc.		1,406,300		8,286,690
Mizuho Financial Group, Inc.		2,410,000		4,654,122
North Pacific Bank Ltd.		96,400		319,822
Resona Holdings, Inc.		241,000		1,102,669
Senshu Ikeda Holdings, Inc.		66,680		328,200
Seven Bank Ltd.		48,200		173,754
Shinsei Bank Ltd.		492,000		1,188,888
Sumitomo Mitsui Financial Group, Inc.		127,600		5,124,219
Sumitomo Mitsui Trust Holdings, Inc.		374,000		1,585,264
Suruga Bank Ltd.		15,000		227,878
The 77 Bank Ltd.		28,000		119,792
The Awa Bank Ltd.		39,000		200,456
The Bank of Kyoto Ltd.		23,000		188,373
The Bank of Yokohama Ltd.		162,000		805,387
The Chiba Bank Ltd.		45,000		284,773
The Chugoku Bank Ltd.		10,000		137,757
The Gunma Bank Ltd.		29,000		146,185
The Hachijuni Bank Ltd.		31,000		160,564
The Hiroshima Bank Ltd.		38,000		155,801
The Iyo Bank Ltd.		19,000		164,645
The Joyo Bank Ltd.		37,000		185,412
The Juroku Bank Ltd.		20,000		72,691
The Shizuoka Bank Ltd.		35,000		367,418
Yamaguchi Financial Group, Inc.		9,000		78,881
				28,332,392
Capital Goods 2.7%
Amada Co., Ltd.		21,000		147,244
Asahi Glass Co., Ltd.		56,000		407,071
COMSYS Holdings Corp.		48,200		596,205
Daikin Industries Ltd.		48,200		2,148,057
FANUC Corp.		19,690		2,971,781
Furukawa Electric Co., Ltd.		46,000		114,801
GS Yuasa Corp.		19,000		86,744
Hino Motors Ltd.		14,000		205,338
Hitachi Construction Machinery Co., Ltd.		5,500		131,924
IHI Corp.		482,000		1,809,141
ITOCHU Corp.		96,400		1,222,960
JGC Corp.		13,000		440,307
JTEKT Corp.		48,200		538,924
Kajima Corp.		39,000		115,870
Kawasaki Heavy Industries Ltd.		302,000		1,043,803
Keihan Electric Railway Co., Ltd.		80,000		313,741
Komatsu Ltd.		79,400		2,053,116
Kubota Corp.		87,000		1,292,399
LIXIL Group Corp.		48,200		1,165,679
Makita Corp.		20,400		1,113,186
Marubeni Corp.		103,000		728,319
Mitsubishi Corp.		144,600		2,557,619
Mitsubishi Electric Corp.		178,000		1,722,268
Mitsubishi Heavy Industries Ltd.		482,000		3,016,826
Mitsui & Co., Ltd.		144,600		1,848,761
Nabtesco Corp.		4,900		102,683
NGK Insulators Ltd.		19,000		244,615
Nidec Corp.		4,900		335,806
NSK Ltd.		28,000		267,036
NTN Corp. *		32,000		99,510
Obayashi Corp.		41,000		200,584
Shimizu Corp.		37,000		131,914

8 

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
SMC Corp.		4,000		779,995
Sojitz Corp.		241,000		424,838
Sumitomo Corp.		144,600		1,843,032
Sumitomo Electric Industries Ltd.		96,400		1,182,863
Sumitomo Heavy Industries Ltd.		25,000		107,700
Taisei Corp.		60,000		190,740
THK Co., Ltd.		48,200		1,050,161
TOTO Ltd.		17,000		178,460
Toyota Tsusho Corp.		48,200		1,305,541
Ushio, Inc.		48,200		604,797
				36,842,359
Commercial & Professional Services 0.2%
Dai Nippon Printing Co., Ltd.		20,000		173,310
Secom Co., Ltd.		48,200		2,467,878
Toppan Printing Co., Ltd.		33,000		218,639
				2,859,827
Consumer Durables & Apparel 0.7%
Asics Corp.		8,200		127,822
Haseko Corp. *		251,000		335,578
NAMCO BANDAI Holdings, Inc.		48,200		788,098
Nikon Corp.		48,200		1,290,743
Panasonic Corp. *		269,200		2,103,479
Sega Sammy Holdings, Inc.		48,200		1,163,769
Sekisui Chemical Co., Ltd.		21,000		212,548
Sekisui House Ltd.		37,000		486,982
Sharp Corp. *		75,000		353,553
Shimano, Inc.		4,900		380,936
Sony Corp.		107,400		2,179,377
Sumitomo Forestry Co., Ltd.		48,200		569,473
				9,992,358
Consumer Services 0.1%
Benesse Holdings, Inc.		4,700		173,384
Oriental Land Co., Ltd.		4,100		559,525
				732,909
Diversified Financials 0.5%
Credit Saison Co., Ltd.		48,200		1,154,700
Daiwa Securities Group, Inc.		160,000		1,359,545
Mitsubishi UFJ Lease & Finance Co., Ltd.		96,400		448,705
Nomura Holdings, Inc.		361,500		2,824,694
ORIX Corp.		96,400		1,316,520
SBI Holdings, Inc.		14,200		182,536
				7,286,700
Energy 0.2%
Cosmo Oil Co., Ltd. *		125,000		227,779
Idemitsu Kosan Co., Ltd.		1,000		81,802
Inpex Corp.		235		1,017,034
JX Holdings, Inc.		233,700		1,157,217
Showa Shell Sekiyu K.K.		48,200		386,173
TonenGeneral Sekiyu K.K.		19,000		187,789
				3,057,794
Food & Staples Retailing 0.4%
Aeon Co., Ltd.		96,400		1,134,174
FamilyMart Co., Ltd.		5,500		223,595
Lawson, Inc.		5,600		407,071
Seven & i Holdings Co., Ltd.		96,400		3,346,194
UNY Group Holdings Co., Ltd.		50,600		337,250
				5,448,284
Food, Beverage & Tobacco 0.8%
Ajinomoto Co., Inc.		52,000		720,456
Asahi Group Holdings Ltd.		48,200		1,166,633
Japan Tobacco, Inc.		104,400		3,577,361
Kagome Co., Ltd.		48,200		812,443
Kewpie Corp.		48,200		677,354
Kikkoman Corp.		11,000		181,490
Kirin Holdings Co., Ltd.		85,000		1,395,692
MEIJI Holdings Co., Ltd.		5,100		225,264
Nippon Meat Packers, Inc.		15,000		213,469
Nisshin Seifun Group, Inc.		13,500		153,350
Nissin Foods Holdings Co., Ltd.		6,000		231,740
Sapporo Holdings Ltd.		52,000		189,512
Toyo Suisan Kaisha Ltd.		7,000		226,343
Yakult Honsha Co., Ltd.		13,000		558,108
Yamazaki Baking Co., Ltd.		20,000		231,741
				10,560,956
Health Care Equipment & Services 0.2%
Alfresa Holdings Corp.		2,600		136,212
M3, Inc.		96		208,495
Medipal Holdings Corp.		14,400		192,951
Miraca Holdings, Inc.		5,200		225,818
Olympus Corp. *		22,300		680,208
Suzuken Co., Ltd.		3,400		108,423
Sysmex Corp.		10,000		660,559
Terumo Corp.		18,500		932,558
				3,145,224
Household & Personal Products 0.2%
Kao Corp.		48,200		1,517,960
Lion Corp.		30,000		167,566
Shiseido Co., Ltd.		48,200		690,242
Unicharm Corp.		8,600		483,764
				2,859,532
Insurance 0.5%
MS&AD Insurance Group Holdings, Inc.		48,200		1,220,574
NKSJ Holdings, Inc.		21,000		482,704
Sony Financial Holdings, Inc.		31,300		468,376
T&D Holdings, Inc.		96,400		1,201,002
The Dai-ichi Life Insurance Co., Ltd.		964		1,341,342
Tokio Marine Holdings, Inc.		73,400		2,177,103
				6,891,101
Materials 1.4%
Air Water, Inc.		9,000		127,635
Asahi Kasei Corp.		120,000		822,382
Daicel Corp.		19,000		154,296
DIC Corp.		45,000		106,066
Hitachi Chemical Co., Ltd.		48,200		768,527
JFE Holdings, Inc.		51,300		1,089,760
JSR Corp.		48,200		950,873
Kaneka Corp.		19,000		116,662
Kansai Paint Co., Ltd.		17,000		223,917
Kobe Steel Ltd. *		482,000		653,964
Kuraray Co. Ltd.		48,200		696,925
Maruichi Steel Tube Ltd.		4,600		114,710
Mitsubishi Chemical Holdings Corp.		241,000		1,167,111
Mitsubishi Gas Chemical Co., Inc.		31,000		225,036
Mitsubishi Materials Corp.		91,000		296,499

9

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Mitsui Chemicals, Inc.		65,000		149,344
Nippon Kayaku Co., Ltd.		10,000		116,266
Nippon Paint Co., Ltd.		15,000		153,008
Nippon Paper Industries Co., Ltd. *		10,500		131,126
Nippon Steel & Sumitomo Metal Corp.		819,000		2,108,839
Nissan Chemical Industries Ltd.		11,200		139,092
Nitto Denko Corp.		20,100		1,218,242
Oji Holdings Corp.		66,000		233,998
Shin-Etsu Chemical Co., Ltd.		48,200		3,088,428
Showa Denko K.K.		482,000		749,433
Sumitomo Chemical Co., Ltd.		89,000		288,220
Sumitomo Metal Mining Co., Ltd.		37,000		477,821
Sumitomo Osaka Cement Co., Ltd.		37,000		110,661
Taiheiyo Cement Corp.		84,000		247,071
Taiyo Nippon Sanso Corp.		18,000		127,636
Teijin Ltd.		66,000		152,949
Toray Industries, Inc.		185,000		1,289,824
Tosoh Corp.		37,000		124,585
Toyo Seikan Group Holdings Ltd.		13,000		187,195
Zeon Corp.		12,000		121,456
				18,729,557
Media 0.1%
Dentsu, Inc.		28,400		878,930
Hakuhodo DY Holdings, Inc.		9,640		641,553
Toho Co., Ltd.		6,800		119,737
				1,640,220
Pharmaceuticals, Biotechnology & Life Sciences 1.0%
Astellas Pharma, Inc.		48,200		2,496,519
Chugai Pharmaceutical Co., Ltd.		48,200		976,172
Daiichi Sankyo Co., Ltd.		48,200		803,373
Dainippon Sumitomo Pharma Co., Ltd.		48,200		675,922
Eisai Co., Ltd.		48,200		1,861,649
Hisamitsu Pharmaceutical Co., Inc.		4,800		236,257
Kyowa Hakko Kirin Co., Ltd.		10,000		112,899
Mitsubishi Tanabe Pharma Corp.		9,800		125,588
Ono Pharmaceutical Co., Ltd.		5,200		361,515
Otsuka Holdings Co., Ltd.		48,200		1,544,214
Santen Pharmaceutical Co., Ltd.		4,800		192,523
Shionogi & Co., Ltd.		48,200		914,117
Taisho Pharmaceutical Holdings Co., Ltd.		2,600		175,608
Takeda Pharmaceutical Co., Ltd.		63,700		2,838,821
Tsumura & Co.		3,900		111,776
				13,426,953
Real Estate 0.8%
Aeon Mall Co., Ltd.		7,500		200,025
Daito Trust Construction Co., Ltd.		6,900		647,804
Daiwa House Industry Co., Ltd.		47,000		898,807
Hulic Co., Ltd.		18,800		161,050
Mitsubishi Estate Co., Ltd.		111,711		2,817,805
Mitsui Fudosan Co., Ltd.		87,000		2,466,759
Nomura Real Estate Holdings, Inc.		6,500		147,026
NTT Urban Development Corp.		482		565,177
Sumitomo Real Estate Sales Co., Ltd.		4,820		276,861
Sumitomo Realty & Development Co., Ltd.		42,000		1,645,061
Tokyo Tatemono Co., Ltd.		70,000		543,501
Tokyu Land Corp.		32,000		298,846
				10,668,722
Retailing 0.4%
Aoyama Trading Co., Ltd.		4,100		114,219
Fast Retailing Co., Ltd.		5,500		1,900,966
Isetan Mitsukoshi Holdings Ltd.		96,400		1,218,187
J Front Retailing Co., Ltd.		34,000		237,722
Komeri Co., Ltd.		4,500		116,672
Marui Group Co., Ltd.		48,200		456,343
Nitori Holdings Co., Ltd.		1,500		118,099
Point, Inc.		4,820		214,806
Sanrio Co., Ltd.		3,700		179,000
Takashimaya Co., Ltd.		15,000		142,312
USS Co., Ltd.		4,820		561,836
Yamada Denki Co., Ltd.		19,280		736,067
				5,996,229
Semiconductors & Semiconductor Equipment 0.1%
Advantest Corp.		13,000		203,030
Disco Corp.		2,000		133,895
Rohm Co., Ltd.		6,500		241,396
Sumco Corp.		7,600		94,308
Tokyo Electron Ltd.		19,400		979,847
				1,652,476
Software & Services 0.3%
DeNA Co., Ltd.		7,700		163,036
KONAMI Corp.		24,500		603,189
Nintendo Co., Ltd.		7,700		767,903
Nomura Research Institute Ltd.		48,200		1,401,010
NTT Data Corp.		100		342,164
Trend Micro, Inc.		4,400		136,390
Yahoo! Japan Corp.		1,446		663,034
				4,076,726
Technology Hardware & Equipment 1.6%
Alps Electric Co., Ltd.		48,200		342,257
Brother Industries Ltd.		48,200		565,655
Canon, Inc.		114,700		4,009,814
FUJIFILM Holdings Corp.		48,200		1,024,384
Fujitsu Ltd.		240,000		1,010,151
Hamamatsu Photonics K.K.		2,100		70,711
Hirose Electric Co., Ltd.		1,500		196,534
Hitachi Ltd.		482,000		3,341,421
Hoya Corp.		48,200		976,650
Ibiden Co., Ltd.		6,600		105,626
Keyence Corp.		4,000		1,239,911
Konica Minolta, Inc.		18,000		131,557
Kyocera Corp.		17,500		1,750,433
Murata Manufacturing Co., Ltd.		27,200		2,090,339
NEC Corp.		212,000		501,788
OMRON Corp.		48,200		1,446,358
Ricoh Co., Ltd.		48,000		575,192
Seiko Epson Corp.		10,800		137,440
TDK Corp.		8,300		323,862
Toshiba Corp.		433,000		2,092,637
Yaskawa Electric Corp.		14,000		174,558
Yokogawa Electric Corp.		10,000		121,119
				22,228,397
Telecommunication Services 0.9%
KDDI Corp.		53,100		2,424,273

10 

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Nippon Telegraph & Telephone Corp.		48,200		2,410,597
NTT DoCoMo, Inc.		1,546		2,293,546
SOFTBANK Corp.		86,100		4,408,388
				11,536,804
Transportation 1.0%
ANA Holdings, Inc. (a)		482,000		1,016,747
Central Japan Railway Co.		15,200		1,685,962
East Japan Railway Co.		48,200		3,618,282
Hankyu Hanshin Holdings, Inc.		69,000		369,002
Japan Airlines Co., Ltd.		4,670		241,420
Keikyu Corp.		26,000		223,501
Keio Corp.		28,000		188,007
Kintetsu Corp.		132,000		549,047
Mitsubishi Logistics Corp.		6,000		83,486
Mitsui OSK Lines Ltd. *		86,000		314,276
Nippon Express Co., Ltd.		33,000		149,354
Nippon Yusen KK		120,000		316,118
Odakyu Electric Railway Co., Ltd.		30,000		294,132
Tobu Railway Co., Ltd.		89,000		465,382
Tokyu Corp.		192,000		1,203,625
West Japan Railway Co.		48,200		2,016,786
Yamato Holdings Co., Ltd.		48,200		897,887
				13,633,014
Utilities 0.6%
Chubu Electric Power Co., Inc.		96,400		1,259,238
Electric Power Development Co., Ltd.		11,000		349,691
Hokkaido Electric Power Co., Inc. *		16,500		218,475
Hokuriku Electric Power Co.		16,700		228,731
Kyushu Electric Power Co., Inc. *		48,200		667,807
Osaka Gas Co., Ltd.		138,000		560,337
Shikoku Electric Power Co., Inc. *		12,200		201,289
The Chugoku Electric Power Co., Inc.		48,800		669,837
The Kansai Electric Power Co., Inc. *		96,400		1,149,449
Toho Gas Co., Ltd.		45,000		237,534
Tohoku Electric Power Co., Inc. *		48,200		572,338
Tokyo Electric Power Co., Inc. *		144,600		883,567
Tokyo Gas Co., Ltd.		197,000		1,063,283
				8,061,576
				267,927,068
Netherlands 2.2%
Capital Goods 0.2%
Koninklijke Boskalis Westminster N.V.		3,856		152,845
Koninklijke Philips N.V.		107,004		3,036,336
				3,189,181
Commercial & Professional Services 0.1%
Randstad Holding N.V.		13,978		597,811
Diversified Financials 0.2%
ING Groep N.V. CVA *		350,414		3,284,315
Energy 0.1%
Fugro N.V. CVA		8,194		486,317
SBM Offshore N.V. *		17,480		320,895
				807,212
Food & Staples Retailing 0.1%
Koninklijke Ahold N.V.		115,680		1,877,764
Food, Beverage & Tobacco 0.7%
DE Master Blenders 1753 N.V. *		74,710		1,172,056
Heineken Holding N.V.		10,604		627,152
Heineken N.V.		26,510		1,848,061
Unilever N.V. CVA		147,974		6,047,602
				9,694,871
Insurance 0.1%
AEGON N.V.		194,246		1,324,167
Materials 0.3%
Akzo Nobel N.V.		22,172		1,416,200
ArcelorMittal		95,436		1,224,482
Koninklijke DSM N.V.		17,834		1,169,973
				3,810,655
Media 0.1%
Reed Elsevier N.V.		66,998		1,100,997
Wolters Kluwer N.V.		28,920		632,668
				1,733,665
Real Estate 0.0%
Corio N.V.		7,781		348,106
Semiconductors & Semiconductor Equipment 0.2%
ASML Holding N.V.		28,106		2,340,695
Technology Hardware & Equipment 0.0%
Gemalto N.V.		5,140		430,329
Telecommunication Services 0.1%
Koninklijke (Royal) KPN N.V.		211,116		407,673
Ziggo N.V.		9,640		348,567
				756,240
Transportation 0.0%
Koninklijke Vopak N.V.		2,410		145,236
TNT Express N.V.		43,380		333,556
				478,792
				30,673,803
New Zealand 0.1%
Consumer Services 0.0%
SKYCITY Entertainment Group Ltd.		89,652		299,537
Materials 0.0%
Fletcher Building Ltd.		37,114		247,708
Real Estate 0.0%
Kiwi Income Property Trust		245,820		235,220
Telecommunication Services 0.0%
Chorus Ltd.		44,826		89,003
Telecom Corp. of New Zealand Ltd.		191,836		353,361
				442,364
Transportation 0.1%
Auckland International Airport Ltd.		279,560		670,992
				1,895,821

11

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Norway 0.7%
Banks 0.1%
DnB A.S.A.		111,824		1,813,557
Energy 0.3%
Aker Solutions A.S.A.		10,122		149,712
Seadrill Ltd.		33,740		1,378,161
Statoil A.S.A.		115,680		2,627,907
Subsea 7 S.A.		19,762		436,846
				4,592,626
Food, Beverage & Tobacco 0.1%
Orkla A.S.A.		96,400		813,236
Insurance 0.0%
Gjensidige Forsikring A.S.A.		9,640		145,776
Materials 0.1%
Norsk Hydro A.S.A.		80,976		367,769
Yara International A.S.A.		22,172		991,542
				1,359,311
Telecommunication Services 0.1%
Telenor A.S.A.		62,178		1,307,910
				10,032,416
Portugal 0.2%
Energy 0.0%
Galp Energia, SGPS, S.A.		23,136		379,301
Food & Staples Retailing 0.1%
Jeronimo Martins, SGPS, S.A.		32,776		697,271
Telecommunication Services 0.0%
Portugal Telecom, SGPS, S.A. - Reg’d		54,948		233,577
Utilities 0.1%
EDP - Energias de Portugal S.A.		244,374		785,121
				2,095,270
Republic of Korea 4.0%
Automobiles & Components 0.5%
Hankook Tire Co., Ltd.		7,937		370,960
Hyundai Mobis		7,816		1,971,816
Hyundai Motor Co.		13,795		2,594,881
Hyundai Wia Corp.		2,062		302,081
Kia Motors Corp.		26,068		1,368,357
Mando Corp.		1,575		138,023
				6,746,118
Banks 0.4%
BS Financial Group, Inc.		4,800		66,708
DGB Financial Group, Inc.		1,200		18,005
Hana Financial Group, Inc.		20,600		696,574
KB Financial Group, Inc. ADR		48,200		1,573,730
Shinhan Financial Group Co., Ltd. ADR		57,004		2,028,202
Woori Finance Holdings Co., Ltd.		31,050		328,448
				4,711,667
Capital Goods 0.4%
CJ Corp.		1,000		111,091
Daelim Industrial Co., Ltd.		1,800		151,368
Daewoo International Corp.		5,027		161,975
Daewoo Shipbuilding & Marine Engineering Co., Ltd.		4,930		112,373
Doosan Corp.		1,746		219,467
Doosan Heavy Industries & Construction Co., Ltd.		2,150		89,544
Hyundai Development Co.		4,000		95,601
Hyundai Engineering & Construction Co., Ltd.		5,409		293,983
Hyundai Heavy Industries Co., Ltd.		5,447		954,683
KCC Corp.		300		91,219
LG Corp.		5,536		344,499
LG Hausys Ltd.		1,709		158,843
LS Corp.		1,683		105,476
Neo Holdings Co., Ltd. *(b)(c)		1,746		—
Samsung C&T Corp.		13,827		751,507
Samsung Engineering Co., Ltd.		3,352		283,957
Samsung Heavy Industries Co., Ltd.		17,240		504,366
Samsung Techwin Co., Ltd.		3,201		192,111
SK Holdings Co., Ltd.		3,220		507,356
				5,129,419
Consumer Durables & Apparel 0.1%
Coway Co., Ltd.		4,500		221,076
LG Electronics, Inc.		6,330		454,985
				676,061
Consumer Services 0.0%
Kangwon Land, Inc.		7,430		228,550
Diversified Financials 0.1%
Daewoo Securities Co., Ltd.		20,008		197,477
Hyundai Securities Co., Ltd.		9,000		62,140
Korea Investment Holdings Co., Ltd.		2,650		105,559
Samsung Card Co., Ltd.		2,960		98,387
Samsung Securities Co., Ltd.		8,799		398,786
Woori Investment & Securities Co., Ltd.		24,960		276,180
				1,138,529
Energy 0.1%
GS Holdings		2,180		107,099
S-Oil Corp.		5,866		454,866
SK Innovation Co., Ltd.		5,855		774,827
				1,336,792
Food & Staples Retailing 0.0%
E-Mart Co., Ltd.		1,147		201,540
Food, Beverage & Tobacco 0.1%
CJ CheilJedang Corp.		500		131,008
KT&G Corp.		13,630		960,386
Lotte Chilsung Beverage Co., Ltd.		55		73,515
Lotte Confectionery Co., Ltd.		50		77,454
NongShim Co., Ltd.		270		69,908
ORION Corp.		464		446,873
				1,759,144
Household & Personal Products 0.1%
Amorepacific Corp.		203		165,678
AMOREPACIFIC Group		700		241,347
LG Household & Health Care Ltd.		1,120		618,642
				1,025,667

12 

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Insurance 0.2%
Dongbu Insurance Co., Ltd.		3,650		161,547
Hanwha Life Insurance Co., Ltd.		20,000		123,750
Hyundai Marine & Fire Insurance Co., Ltd.		6,000		172,878
Samsung Fire & Marine Insurance Co., Ltd.		4,570		926,379
Samsung Life Insurance Co., Ltd.		8,602		803,320
				2,187,874
Materials 0.4%
Cheil Industries, Inc.		3,550		288,475
Hanwha Chemical Corp.		5,040		80,527
Hanwha Corp.		7,380		207,087
Hyundai Steel Co.		6,037		385,295
Korea Zinc Co., Ltd.		1,111		321,587
Kumho Petro Chemical Co., Ltd.		1,158		97,790
LG Chem Ltd.		3,825		926,031
Lotte Chemical Corp.		1,026		150,308
OCI Co., Ltd.		1,468		192,320
POSCO ADR		37,784		2,669,440
				5,318,860
Media 0.0%
Cheil Worldwide, Inc. *		10,000		235,018
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
Celltrion, Inc.		12,220		406,720
Yuhan Corp.		434		71,264
				477,984
Retailing 0.1%
Hyundai Department Store Co., Ltd.		2,016		281,958
Lotte Shopping Co., Ltd.		1,388		449,070
				731,028
Semiconductors & Semiconductor Equipment 1.1%
Samsung Electronics Co., Ltd. GDR - Reg’d		20,726		14,010,776
SK Hynix, Inc. *		56,400		1,607,577
				15,618,353
Software & Services 0.1%
Daum Communications Corp.		1,876		141,651
NCsoft Corp.		1,400		194,565
NHN Corp.		4,190		1,131,229
SK C&C Co. Ltd.		2,800		254,050
				1,721,495
Technology Hardware & Equipment 0.1%
LG Display Co., Ltd. ADR *		48,200		661,304
Samsung Electro-Mechanics Co., Ltd.		8,664		757,726
Samsung SDI Co., Ltd.		2,800		355,670
				1,774,700
Telecommunication Services 0.1%
KT Corp. ADR		33,258		560,730
LG Uplus Corp. *		12,400		128,423
SK Telecom Co., Ltd. ADR		48,200		978,460
				1,667,613
Transportation 0.0%
CJ Korea Express Co., Ltd. *		1,164		106,127
Hanjin Shipping Co., Ltd. *		9,500		65,256
Hyundai Glovis Co., Ltd.		2,135		350,573
Korean Air Lines Co., Ltd. *		2,299		75,094
				597,050
Utilities 0.1%
Korea Electric Power Corp. ADR		48,200		567,796
Korea Gas Corp.		3,115		153,310
				721,106
				54,004,568
Singapore 1.5%
Banks 0.4%
DBS Group Holdings Ltd.		101,000		1,370,466
Oversea-Chinese Banking Corp., Ltd.		319,000		2,605,677
United Overseas Bank Ltd.		60,000		1,016,250
				4,992,393
Capital Goods 0.3%
Keppel Corp., Ltd.		75,000		623,888
Noble Group Ltd.		532,181		437,645
SembCorp Industries Ltd.		27,000		103,973
SembCorp Marine Ltd. (a)		50,000		171,589
Singapore Technologies Engineering Ltd.		482,000		1,558,835
Yangzijiang Shipbuilding Holdings Ltd.		529,000		368,102
				3,264,032
Consumer Services 0.1%
Genting Singapore plc		482,000		552,643
Food & Staples Retailing 0.0%
Olam International Ltd. (a)		154,772		214,171
Food, Beverage & Tobacco 0.1%
Golden Agri-Resources Ltd.		964,000		438,303
Indofood Agri Resources Ltd. (a)		100,000		79,468
Wilmar International Ltd.		266,000		685,692
				1,203,463
Media 0.0%
Singapore Press Holdings Ltd. (a)		99,000		334,266
Real Estate 0.3%
CapitaCommercial Trust		482,000		579,322
Capitaland Ltd.		482,000		1,318,721
CapitaMall Trust		482,000		819,436
City Developments Ltd.		21,000		179,006
Global Logistic Properties Ltd.		65,000		144,941
Keppel Land Ltd.		33,000		97,331
Wing Tai Holdings Ltd.		554,000		928,700
Yanlord Land Group Ltd.		355,000		400,012
				4,467,469
Retailing 0.0%
Jardine Cycle & Carriage Ltd.		10,000		369,668
Technology Hardware & Equipment 0.0%
Venture Corp., Ltd.		23,000		133,128
Telecommunication Services 0.2%
Singapore Telecommunications Ltd.		964,000		2,858,498
Transportation 0.1%
ComfortDelGro Corp., Ltd.		482,000		726,059

13

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Hutchison Port Holdings Trust		95,000		75,050
Neptune Orient Lines Ltd. *(a)		509,000		444,744
Singapore Post Ltd.		482,000		499,284
				1,745,137
				20,134,868
Spain 2.4%
Banks 0.9%
Banco Bilbao Vizcaya Argentaria S.A.		466,576		4,382,134
Banco de Sabadell S.A.		327,080		616,768
Banco Popular Espanol S.A. *		462,884		386,334
Banco Santander S.A.		937,972		6,734,488
Bankinter S.A.		33,258		123,574
CaixaBank		129,176		465,406
				12,708,704
Capital Goods 0.1%
ACS, Actividades de Construccion y Servicios S.A.		19,280		540,966
Ferrovial S.A.		48,682		787,386
Zardoya Otis S.A.		14,506		196,646
				1,524,998
Diversified Financials 0.0%
Corporacion Financiera Alba S.A.		3,856		181,005
Energy 0.2%
Repsol S.A.		104,112		2,378,801
Food & Staples Retailing 0.0%
Distribuidora Internacional de Alimentacion S.A.		53,020		417,025
Insurance 0.0%
Mapfre S.A.		71,336		257,847
Materials 0.0%
Acerinox S.A.		23,136		235,706
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Grifols S.A. *		23,136		847,205
Retailing 0.2%
Inditex S.A.		24,582		3,052,660
Software & Services 0.1%
Amadeus IT Holding S.A.		37,596		1,145,267
Telecommunication Services 0.4%
Telefonica S.A. *		379,437		5,212,553
Transportation 0.1%
Abertis Infraestructuras S.A.		36,150		650,049
Utilities 0.3%
Enagas S.A.		21,690		542,809
Gas Natural SDG S.A.		51,574		1,068,770
Iberdrola S.A.		459,346		2,484,238
Red Electrica Corporacion S.A.		2,410		128,058
				4,223,875
				32,835,695
Sweden 2.7%
Banks 0.7%
Nordea Bank AB		302,696		3,743,284
Skandinaviska Enskilda Banken AB, A Shares		157,614		1,650,359
Svenska Handelsbanken AB, A Shares		57,358		2,472,253
Swedbank AB, A Shares		65,070		1,558,469
				9,424,365
Capital Goods 0.8%
Alfa Laval AB		34,222		747,046
Assa Abloy AB, B Shares		28,286		1,141,738
Atlas Copco AB, A Shares		65,070		1,730,762
Atlas Copco AB, B Shares		41,934		996,145
Sandvik AB		89,652		1,263,787
Scania AB, B Shares		36,632		821,699
Skanska AB, B Shares		41,934		746,951
SKF AB, B Shares		45,308		1,104,242
Volvo AB, B Shares		141,708		2,087,139
				10,639,509
Commercial & Professional Services 0.0%
Securitas AB, B Shares		47,718		437,194
Consumer Durables & Apparel 0.1%
Electrolux AB, Series B		29,402		795,318
Husqvarna AB, B Shares		13,612		77,634
				872,952
Diversified Financials 0.2%
Industrivarden AB, A Shares		27,956		520,679
Investment AB Kinnevik, B Shares		13,496		359,176
Investor AB, B Shares		56,876		1,642,875
				2,522,730
Energy 0.0%
Lundin Petroleum AB *		16,870		351,765
Food, Beverage & Tobacco 0.1%
Swedish Match AB		31,924		1,106,558
Health Care Equipment & Services 0.1%
Elekta AB, B Shares		13,496		205,273
Getinge AB, B Shares		20,244		605,462
				810,735
Household & Personal Products 0.1%
Svenska Cellulosa AB, B Shares		55,430		1,380,121
Materials 0.0%
Boliden AB		18,316		263,566
Holmen AB, B Shares		5,302		143,817
SSAB AB, A Shares		11,086		77,387
				484,770
Media 0.0%
Modern Times Group, B Shares		3,856		154,890
Retailing 0.2%
Hennes & Mauritz AB, B Shares		78,084		2,678,374
Technology Hardware & Equipment 0.3%
Hexagon AB, B Shares		23,618		690,028
Telefonaktiebolaget LM Ericsson, B Shares		256,738		3,020,447
				3,710,475
Telecommunication Services 0.1%
Tele2 AB		43,862		547,698
Tele2 AB, B Shares *		42,042		176,466

14 

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
TeliaSonera AB		207,260		1,389,736
				2,113,900
				36,688,338
Switzerland 7.7%
Banks 0.0%
Banque Cantonale Vaudoise - Reg’d		482		250,142
Capital Goods 0.7%
ABB Ltd. - Reg’d *		247,266		5,455,003
Geberit AG - Reg’d		5,784		1,441,781
Schindler Holding AG		5,784		842,646
Schindler Holding AG - Reg’d		8,194		1,163,008
Sulzer AG - Reg’d		1,446		243,060
				9,145,498
Commercial & Professional Services 0.2%
Adecco S.A. - Reg’d *		16,388		918,794
SGS S.A. - Reg’d		482		1,085,956
				2,004,750
Consumer Durables & Apparel 0.5%
Compagnie Financiere Richemont S.A., A Shares		48,682		4,355,304
The Swatch Group AG		3,374		1,940,859
The Swatch Group AG - Reg’d		8,194		812,910
				7,109,073
Diversified Financials 0.9%
Credit Suisse Group AG - Reg’d *		117,474		3,519,568
GAM Holding AG *		18,316		321,618
Julius Baer Group Ltd. *		28,626		1,133,585
Pargesa Holding S.A.		2,410		167,514
UBS AG - Reg’d *		384,191		6,810,222
				11,952,507
Energy 0.1%
Transocean Ltd.		33,258		1,691,666
Food, Beverage & Tobacco 1.6%
Aryzta AG *		9,158		526,327
Lindt & Spruengli AG		5		213,110
Nestle S.A. - Reg’d		309,444		20,460,840
				21,200,277
Health Care Equipment & Services 0.0%
Sonova Holding AG - Reg’d *		5,302		582,911
Insurance 0.5%
Baloise Holding AG - Reg’d		4,338		426,522
Swiss Re AG *		36,632		2,697,010
Zurich Insurance Group AG *		14,460		3,830,483
				6,954,015
Materials 0.6%
Clariant AG - Reg’d *		5,784		84,024
Givaudan S.A. - Reg’d *		1,446		1,867,022
Holcim Ltd. - Reg’d *		20,726		1,613,414
Syngenta AG - Reg’d		11,340		4,443,351
				8,007,811
Pharmaceuticals, Biotechnology & Life Sciences 2.5%
Actelion Ltd. - Reg’d *		7,712		460,100
Lonza Group AG - Reg’d *		2,820		209,972
Novartis AG - Reg’d		227,504		16,358,666
Roche Holding AG		67,480		16,813,743
				33,842,481
Real Estate 0.0%
Swiss Prime Site AG - Reg’d *		3,099		232,683
Telecommunication Services 0.1%
Swisscom AG - Reg’d		2,892		1,233,229
Transportation 0.0%
Kuehne & Nagel International AG - Reg’d		4,820		539,965
				104,747,008
United Kingdom 18.7%
Automobiles & Components 0.1%
GKN plc		158,578		718,616
Banks 2.6%
Barclays plc		1,202,590		5,842,595
HSBC Holdings plc		1,827,830		20,115,948
Lloyds Banking Group plc *		3,896,563		3,669,198
Royal Bank of Scotland Group plc *		189,968		969,444
Standard Chartered plc		231,409		5,392,399
				35,989,584
Capital Goods 0.8%
BAE Systems plc		325,350		1,998,209
Bunzl plc		26,028		506,680
Cobham plc		93,990		407,260
IMI plc		20,244		396,847
Invensys plc		74,228		447,672
Meggitt plc		61,696		498,086
Melrose Industries plc		38,560		152,817
Rolls-Royce Holdings plc *		170,146		3,108,399
Rolls-Royce Holdings plc, C Shares *(b)		18,189,031		27,576
Smiths Group plc		44,344		927,101
The Weir Group plc		17,352		613,225
Wolseley plc		29,945		1,533,599
				10,617,471
Commercial & Professional Services 0.4%
Aggreko plc		26,028		705,169
Babcock International Group plc		24,100		423,841
Capita plc		60,250		878,739
Experian plc		94,954		1,759,188
G4S plc		136,888		511,784
Intertek Group plc		12,050		587,349
Rentokil Initial plc		214,972		296,260
				5,162,330
Consumer Durables & Apparel 0.1%
Burberry Group plc		47,718		1,051,177
Consumer Services 0.5%
Carnival plc		27,474		935,117
Compass Group plc		178,340		2,342,854
InterContinental Hotels Group plc		23,308		673,882
Ladbrokes plc		136,406		427,673
TUI Travel plc		94,954		516,096
Whitbread plc		19,762		863,781

15

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
William Hill plc		136,642		917,110
				6,676,513
Diversified Financials 0.3%
3i Group plc		103,630		535,443
Aberdeen Asset Management plc		133,346		942,093
Ashmore Group plc		33,258		200,782
Hargreaves Lansdown plc		22,172		323,880
ICAP plc		80,494		448,486
Investec plc		38,078		268,560
London Stock Exchange Group plc		9,640		205,490
Man Group plc		65,070		113,944
Schroders plc		14,942		536,436
Schroders plc, Non-Voting Shares		9,640		268,920
				3,844,034
Energy 3.1%
AMEC plc		31,812		494,359
BG Group plc		314,937		5,791,785
BP plc		1,797,558		12,902,829
Cairn Energy plc *		34,222		141,695
Essar Energy plc *		42,898		95,801
John Wood Group plc		48,682		628,465
Petrofac Ltd.		25,064		513,374
Royal Dutch Shell plc, A Shares		361,319		12,067,942
Royal Dutch Shell plc, B Shares		248,246		8,583,022
Tullow Oil plc		95,436		1,512,016
				42,731,288
Food & Staples Retailing 0.4%
J Sainsbury plc		188,944		1,072,213
Tesco plc		761,560		4,219,490
William Morrison Supermarkets plc		254,496		1,056,434
				6,348,137
Food, Beverage & Tobacco 2.4%
Associated British Foods plc		35,668		979,862
British American Tobacco plc		173,602		9,535,664
Diageo plc		241,000		7,128,567
Imperial Tobacco Group plc		95,436		3,430,613
SABMiller plc		114,716		5,791,568
Tate & Lyle plc		53,020		656,332
Unilever plc		126,284		5,312,993
				32,835,599
Health Care Equipment & Services 0.1%
Smith & Nephew plc		81,940		958,429
Household & Personal Products 0.4%
Reckitt Benckiser Group plc		72,300		5,175,975
Insurance 0.9%
Admiral Group plc		6,748		136,886
Aviva plc		270,402		1,368,435
Legal & General Group plc		633,830		1,720,100
Old Mutual plc		497,575		1,549,483
Prudential plc		282,452		4,783,279
Resolution Ltd.		335,510		1,471,573
Standard Life plc		205,332		1,222,802
				12,252,558
Materials 1.8%
Anglo American plc		133,514		3,089,951
Antofagasta plc		25,064		359,286
BHP Billiton plc		210,152		6,103,003
CRH plc		70,372		1,489,406
Croda International plc		3,374		125,990
Fresnillo plc		19,762		345,452
Glencore Xstrata plc		1,146,826		5,617,750
Johnson Matthey plc		18,840		731,507
Kazakhmys plc		30,848		153,167
Lonmin plc *		26,028		116,410
Polymetal International plc		7,712		80,734
Randgold Resources Ltd.		8,194		649,719
Rexam plc		89,774		721,364
Rio Tinto plc		114,246		4,948,564
Vedanta Resources plc		11,568		221,333
				24,753,636
Media 0.5%
British Sky Broadcasting Group plc		111,342		1,317,528
Daily Mail & General Trust plc, A Shares		21,208		245,974
Informa plc		37,596		289,556
ITV plc		440,548		875,637
Pearson plc		68,444		1,275,308
Reed Elsevier plc		100,738		1,130,958
WPP plc		117,608		2,011,286
				7,146,247
Pharmaceuticals, Biotechnology & Life Sciences 1.5%
AstraZeneca plc		134,999		6,934,288
GlaxoSmithKline plc		443,163		11,512,656
Shire plc		50,610		1,665,037
				20,111,981
Real Estate 0.3%
British Land Co. plc		132,068		1,219,390
Hammerson plc		102,184		794,746
Intu Properties plc		104,112		534,934
Land Securities Group plc		75,674		1,070,999
SEGRO plc		94,954		402,224
				4,022,293
Retailing 0.2%
Kingfisher plc		256,906		1,346,096
Marks & Spencer Group plc		135,924		970,404
Next plc		15,424		1,080,122
				3,396,622
Semiconductors & Semiconductor Equipment 0.1%
ARM Holdings plc		142,672		2,137,094
Software & Services 0.1%
The Sage Group plc *		123,874		685,678
Telecommunication Services 1.3%
BT Group plc		720,108		3,298,194
Inmarsat plc		41,934		389,722
Vodafone Group plc		4,816,394		14,016,450
				17,704,366
Transportation 0.1%
easyJet plc		17,834		342,303
International Consolidated Airlines Group S.A. *		110,860		469,937
				812,240
Utilities 0.7%
Centrica plc		516,222		2,974,048

16 

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Drax Group plc		35,186		305,403
National Grid plc		317,156		3,772,192
Severn Trent plc		24,582		764,755
SSE plc		86,278		2,032,727
United Utilities Group plc		60,732		696,093
				10,545,218
				255,677,086
Total Common Stock
(Cost $1,248,858,555)				1,349,315,963
Other Investment Companies 0.1% of net assets
Equity Fund 0.1%
iShares MSCI EAFE Index Fund		20,000		1,201,600
Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund		333,300		333,300
Total Other Investment Companies
(Cost $1,541,798)				1,534,900
Preferred Stock 0.5% of net assets
Germany 0.5%
Automobiles & Components 0.4%
Porsche Automobil Holding SE		15,424		1,286,724
Volkswagen AG		16,730		3,663,187
				4,949,911
Household & Personal Products 0.1%
Henkel AG & Co. KGaA		14,460		1,398,016
				6,347,927
Italy 0.0%
Diversified Financials 0.0%
EXOR S.p.A.		4,338		137,403
Total Preferred Stock
(Cost $4,919,889)				6,485,330
Rights 0.0% of net assets
Hong Kong 0.0%
Capital Goods 0.0%
Hopewell Holdings Ltd. *(b)		9,640		—
Italy 0.0%
Diversified Financials 0.0%
EXOR S.p.A. *(b)		24,920		—
Total Rights
(Cost $—)				—
End of Investments
Collateral Invested for Securities on Loan 0.3% of net assets
State Street Institutional U.S. Government Money Market Fund		4,263,210		4,263,210
Total Collateral Invested for Securities on Loan
(Cost $4,263,210)				4,263,210
End of Collateral Invested for Securities on Loan

At 05/31/13, the tax basis cost of the fund’s investments was $1,255,929,828 and the unrealized appreciation and depreciation were $166,872,044 and ($65,465,679), respectively, with a net unrealized appreciation of $101,406,365.

*	Non-income producing security.
(a)	All or a portion of this security is on loan.
(b)	Fair-valued by management in accordance with procedures approved by the Board of Trustees.
(c)	Illiquid security. At the period end, the value of these amounted to $0 or 0% of net assets.

ADR —	American Depositary Receipt
CDI —	CHESS Depositary Interest
CVA —	Dutch Certificate
GDR —	Global Depositary Receipt
Reg’d —	Registered
REIT —	Real Estate Investment Trust
RSP —	Risparmio (Convertible Savings Shares)

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are

17

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the

18 

 Schwab International Equity ETF

Portfolio Holdings (Unaudited) continued

amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Common Stock1		$1,093,638,877		$—		$—		$1,093,638,877
United Kingdom1		245,059,615		—		—		245,059,615
Capital Goods		10,589,895		—		27,576		10,617,471
Other Investment Companies1		1,534,900		—		—		1,534,900
Preferred Stock1		6,485,330		—		—		6,485,330
Rights1		—		—		—		—
Total		$1,357,308,617		$—		$27,576		$1,357,336,193
Other Financial Instruments
Collateral Invested for Securities on Loan		$4,263,210		$—		$—		$4,263,210

¹ As categorized in Portfolio Holdings.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:

	Balance				Change in												Balance
	as of		Realized		Unrealized								Gross		Gross		as of
	August 31,		Gains		Gains			Gross		Gross			Transfers		Transfers		May 31,
Investments in Securities	2012		(Losses)		(Losses)			Purchases		Sales			in		out		2013
Common Stock
Republic of Korea		$213,385		$2,485		($11,417	)		$—		($204,453	)		$—		$—		$—
United Kingdom		$—		$—		($226	)		$27,802		$—			$—		$—		$27,576
Total		$213,385		$2,485		($11,643	)		$27,802		($204,453	)		$—		$—		$27,576

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended May 31, 2013.

REG54094MAY13

19

Schwab Strategic Trust
Schwab International Small-Cap Equity ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	98	.3%	Common Stock		241,815,006		257,247,188
	0	.5%	Other Investment Companies		1,181,091		1,297,428
	0	.5%	Preferred Stock		1,078,008		1,384,204
	0	.0%	Rights		36,590		29,796
	0	.0%	Warrants		—		674
	99	.3%	Total Investments		244,110,695		259,959,290
	4	.3%	Collateral Invested for Securities on Loan		11,389,205		11,389,205
	(3	.6)%	Other Assets and Liabilities, Net				(9,492,379	)
	100	.0%	Net Assets				261,856,116

	Number		Value
Security	of Shares		($)
Common Stock 98.3% of net assets
Australia 5.9%
Capital Goods 0.4%
Ausdrill Ltd. (c)		22,519		27,743
Ausenco Ltd.		20,096		42,195
Boart Longyear Ltd. (c)		97,262		64,342
Bradken Ltd. (c)		35,631		159,191
Cardno Ltd. (c)		20,096		103,657
Forge Group Ltd.		2,827		12,766
Macmahon Holdings Ltd.		433,491		74,810
Monadelphous Group Ltd. (c)		18,084		275,154
NRW Holdings Ltd. (c)		74,960		83,726
Seven Group Holdings Ltd.		20,096		142,191
UGL Ltd.		27,846		189,818
				1,175,593
Commercial & Professional Services 0.5%
Cabcharge Australia Ltd. (c)		42,536		163,126
Mineral Resources Ltd.		21,390		186,004
SAI Global Ltd.		40,192		148,356
Seek Ltd.		56,278		551,436
Skilled Group Ltd.		11,466		27,373
Transfield Services Ltd.		114,271		101,340
Transpacific Industries Group Ltd. *		75,360		64,304
				1,241,939
Consumer Durables & Apparel 0.1%
Billabong International Ltd. *(a)(c)		45,143		19,693
G.U.D. Holdings Ltd. (c)		29,854		200,357
				220,050
Consumer Services 0.3%
Ainsworth Game Technology Ltd.		23,585		83,665
Ardent Leisure Group		50,240		81,162
Invocare Ltd.		36,683		378,427
Navitas Ltd. (c)		53,611		288,866
				832,120
Diversified Financials 0.1%
FlexiGroup Ltd.		50,240		217,236
Energy 0.5%
Aurora Oil & Gas Ltd. *		100,480		301,529
AWE Ltd. *		131,767		166,126
Beach Energy Ltd. (c)		150,720		175,571
Buru Energy Ltd. *(c)		23,012		33,756
Coalspur Mines Ltd. *(c)		102,992		23,699
Drillsearch Energy Ltd. *(c)		61,701		67,438
Horizon Oil Ltd. *(c)		159,681		57,410
Karoon Gas Australia Ltd. *		57,776		314,631
Linc Energy Ltd. *(c)		44,530		66,815
Nexus Energy Ltd. *		95,666		8,438
Roc Oil Co., Ltd. *		50,332		20,991
Senex Energy Ltd. *		139,104		81,353
				1,317,757
Food, Beverage & Tobacco 0.3%
GrainCorp Ltd.		54,940		668,956
Health Care Equipment & Services 0.3%
Australian Pharmaceutical Industries Ltd.		64,765		27,942
Primary Health Care Ltd.		123,452		604,817
Sigma Pharmaceuticals Ltd.		251,706		193,059
				825,818
Materials 0.8%
Beadell Resources Ltd. *(c)		76,621		52,891
CuDeco Ltd. *(c)		23,814		86,075
Discovery Metals Ltd. *		75,360		13,728
Evolution Mining Ltd. *		80,384		62,040
Imdex Ltd. (c)		17,256		14,063
Independence Group NL		49,785		154,172
Kingsgate Consolidated Ltd. (c)		37,523		58,640
Medusa Mining Ltd.		22,247		53,963
Mincor Resources NL		23,955		11,943
Mineral Deposits Ltd. *		8,336		21,978
Mirabela Nickel Ltd. *(c)		150,720		23,843
Mount Gibson Iron Ltd.		160,768		76,297
Northern Star Resources Ltd. (c)		45,367		35,666
PanAust Ltd.		126,706		290,336
Papillon Resources Ltd. *(c)		38,111		27,952
Perseus Mining Ltd. *(c)		133,772		137,232
Regis Resources Ltd. *		82,598		321,515
Resolute Mining Ltd.		150,220		113,058
Sandfire Resources NL *		23,835		145,795
Silver Lake Resources Ltd. *		76,520		59,424
Sirius Resources NL *		29,483		82,822
St. Barbara Ltd. *		85,855		55,562
Sundance Resources Ltd. *		768,190		68,495
Troy Resources Ltd. (c)		15,072		24,927

1

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Western Areas Ltd. (c)		25,120		73,696
				2,066,113
Media 0.1%
REA Group Ltd.		4,655		129,873
Southern Cross Media Group Ltd.		50,240		68,879
				198,752
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Acrux Ltd.		30,144		110,111
Mesoblast Ltd. *(c)		40,130		241,621
Pharmaxis Ltd. *(c)		70,336		10,452
Sirtex Medical Ltd.		6,984		77,003
Starpharma Holdings Ltd. *(c)		14,731		12,146
				451,333
Real Estate 0.8%
Abacus Property Group		109,971		248,826
BWP Trust (c)		183,138		438,959
Challenger Diversified Property Group		40,218		103,724
Charter Hall Group (c)		75,087		295,877
Charter Hall Retail REIT		93,144		367,030
FKP Property Group		73,061		98,767
Investa Office Fund		143,549		439,032
				1,992,215
Retailing 0.8%
ARB Corp., Ltd.		9,300		111,366
Automotive Holdings Group		85,747		303,355
Breville Group Ltd.		7,554		54,970
Cash Converters International Ltd.		23,623		25,366
David Jones Ltd. (c)		112,234		271,163
JB Hi-Fi Ltd. (c)		17,407		251,669
Myer Holdings Ltd. (c)		128,739		302,400
Pacific Brands Ltd.		284,768		208,861
Premier Investments Ltd.		20,096		133,521
Reject Shop Ltd.		5,024		79,428
Super Retail Group Ltd.		25,120		265,644
Wotif.com Holdings Ltd.		29,489		156,630
				2,164,373
Semiconductors & Semiconductor Equipment 0.0%
Silex Systems Ltd. *		24,414		56,879
Software & Services 0.2%
carsales.com Ltd.		25,021		220,218
Iress Ltd.		40,942		328,941
UXC Ltd.		53,778		52,075
				601,234
Telecommunication Services 0.1%
iiNET Ltd.		4,714		25,355
TPG Telecom Ltd.		98,276		326,008
				351,363
Transportation 0.1%
Australian Infrastructure Fund		100,480		16,377
Qube Holdings Ltd.		50,240		82,848
Virgin Australia Holdings Ltd. *		479,460		216,051
Virgin Australia International Holdings Ltd. (a)(b)		424,000		—
				315,276
Utilities 0.3%
DUET Group		150,720		335,246
Energy World Corp. Ltd. *		231,110		86,415
Infigen Energy *(c)		209,908		51,319
Spark Infrastructure Group (c)		231,110		387,759
				860,739
				15,557,746
Austria 0.8%
Capital Goods 0.2%
Wienerberger AG		27,932		352,949
Energy 0.1%
Schoeller-Bleckmann Oilfield Equipment AG		2,549		262,661
Materials 0.1%
Mayr Melnhof Karton AG		1,046		114,346
RHI AG		3,204		112,197
				226,543
Real Estate 0.3%
Atrium European Real Estate Ltd.		43,245		255,007
CA Immobilien Anlagen AG *		20,096		272,034
Conwert Immobilien Invest SE		20,096		234,009
S IMMO AG		10,048		64,981
				826,031
Transportation 0.1%
Oesterreichische Post AG		7,175		294,772
Utilities 0.0%
EVN AG		5,342		69,925
				2,032,881
Belgium 1.3%
Consumer Durables & Apparel 0.0%
Van de Velde N.V.		1,306		59,240
Diversified Financials 0.4%
Ackermans & van Haaren N.V. (c)		5,777		503,126
KBC Ancora *		2,680		56,163
RHJ International *		33,067		172,705
Sofina S.A.		4,052		381,356
				1,113,350
Health Care Equipment & Services 0.0%
Agfa Gevaert N.V. *		18,304		35,346
Materials 0.2%
NV Bekaert S.A.		5,137		149,828
Nyrstar *		41,643		215,877
Tessenderlo Chemie N.V.		7,061		200,866
				566,571
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
ThromboGenics N.V. *		4,018		167,285
Real Estate 0.2%
Befimmo S.C.A. Sicafi		3,639		242,080
Cofinimmo		2,612		299,044
				541,124
Retailing 0.1%
D’Ieteren S.A. N.V.		7,030		309,770
Semiconductors & Semiconductor Equipment 0.0%
Melexis N.V.		5,024		101,899

2 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Technology Hardware & Equipment 0.2%
Barco N.V.		1,706		148,047
EVS Broadcast Equipment S.A. (c)		4,232		295,788
				443,835
Telecommunication Services 0.0%
Mobistar S.A.		1,459		32,334
Utilities 0.1%
Elia System Operator S.A./N.V.		3,906		161,990
				3,532,744
Canada 17.4%
Automobiles & Components 0.1%
Linamar Corp.		11,084		311,860
Banks 0.5%
Canadian Western Bank		11,084		304,567
Genworth MI Canada, Inc.		11,084		261,349
Home Capital Group, Inc. (c)		10,048		515,840
Laurentian Bank of Canada		3,377		144,255
				1,226,011
Capital Goods 0.8%
Aecon Group, Inc.		11,084		119,468
ATS Automation Tooling Systems, Inc. *		22,168		219,846
CAE, Inc.		50,240		520,604
Genivar, Inc.		4,560		110,035
Russel Metals, Inc.		11,084		285,800
Toromont Industries Ltd.		20,096		456,343
Westport Innovations, Inc. *(c)		10,048		305,946
				2,018,042
Commercial & Professional Services 0.6%
Progressive Waste Solutions Ltd.		21,647		505,805
Ritchie Bros. Auctioneers, Inc. (c)		22,168		458,996
Stantec, Inc.		11,084		471,758
Transcontinental, Inc., Class A		10,048		119,773
				1,556,332
Consumer Durables & Apparel 0.4%
Dorel Industries, Inc., Class B		7,480		298,534
Gildan Activewear, Inc.		20,096		834,133
				1,132,667
Diversified Financials 0.7%
AGF Management Ltd., Class B		11,084		122,148
Canaccord Financial, Inc. (c)		10,684		64,711
Davis + Henderson Corp. (c)		6,408		145,576
Dundee Corp., Class A *		11,084		252,126
Onex Corp.		21,409		1,015,817
TMX Group Ltd.		5,197		246,940
				1,847,318
Energy 5.3%
Advantage Oil & Gas Ltd. *		33,269		144,851
AltaGas Ltd.		20,096		749,942
Athabasca Oil Corp. *		74,772		531,011
Bankers Petroleum Ltd. *		52,833		150,798
Baytex Energy Corp.		20,096		765,303
Birchcliff Energy Ltd. *		20,096		174,021
BlackPearl Resources, Inc. *		60,288		124,245
Bonavista Energy Corp. (c)		30,144		475,689
Bonterra Energy Corp. (c)		3,566		177,653
Calfrac Well Services Ltd.		10,048		270,267
Coastal Energy Co. *		8,976		152,936
Crew Energy, Inc. *		15,890		93,936
Denison Mines Corp. *		100,480		129,300
Enerflex Ltd.		11,084		142,632
Enerplus Corp. (c)		30,144		471,606
Ensign Energy Services, Inc.		30,144		494,939
Gibson Energy, Inc.		20,096		489,203
Kelt Exploration Ltd. *		9,846		70,114
Keyera Corp.		13,302		770,925
Legacy Oil & Gas, Inc. *		21,647		117,917
Lightstream Resources Ltd.		30,656		265,465
Mullen Group Ltd.		11,084		230,570
Niko Resources Ltd.		8,870		76,638
Nuvista Energy Ltd. *		22,168		175,877
Paramount Resources Ltd., A Shares *		10,048		374,291
Parkland Fuel Corp.		10,684		184,415
Pason Systems, Inc.		11,084		189,818
Pengrowth Energy Corp. (c)		70,340		360,020
Petrominerales Ltd.		8,440		49,976
Peyto Exploration & Development Corp.		20,096		601,004
Precision Drilling Corp.		50,240		433,108
Savanna Energy Services Corp.		22,168		154,214
Secure Energy Services, Inc.		10,695		140,213
ShawCor Ltd.		11,084		446,663
SouthGobi Resources Ltd. *		8,440		13,229
Tourmaline Oil Corp. *		30,144		1,230,784
Trican Well Service Ltd.		30,144		423,775
Trilogy Energy Corp.		12,120		379,120
Trinidad Drilling Ltd.		30,144		213,783
Veresen, Inc. (c)		30,144		396,067
Vermilion Energy, Inc. (c)		16,948		856,624
Whitecap Resources, Inc.		11,326		119,884
				13,812,826
Food & Staples Retailing 0.3%
Empire Co., Ltd., A Shares		8,658		562,931
The Jean Coutu Group, Inc., A Shares		22,168		363,980
				926,911
Food, Beverage & Tobacco 0.2%
Cott Corp. (c)		22,168		182,097
Maple Leaf Foods, Inc.		22,168		263,815
				445,912
Health Care Equipment & Services 0.1%
Extendicare, Inc. (c)		22,168		152,927
Insurance 0.2%
Industrial Alliance Insurance & Financial Services, Inc.		13,874		523,925
Materials 3.2%
Alacer Gold Corp.		50,240		108,885
Alamos Gold, Inc.		22,952		333,771
Argonaut Gold, Inc. *		15,708		119,609
AuRico Gold, Inc.		55,218		281,553
B2Gold Corp. *		77,366		195,371
Banro Corp. *		28,430		34,384
Canexus Corp.		16,248		143,686
Canfor Corp. *		22,168		372,773
Capstone Mining Corp. *		44,353		97,842

3

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
CCL Industries, Inc., Class B		9,694		619,317
Centerra Gold, Inc.		30,144		111,412
China Gold International Resources Corp. Ltd. *		32,485		106,549
Continental Gold Ltd. *		9,512		38,009
Detour Gold Corp. *		20,096		207,658
Dominion Diamond Corp. *		11,084		169,335
Dundee Precious Metals, Inc. *		21,647		106,188
Endeavour Mining Corp. *		42,112		37,485
Endeavour Silver Corp. *		10,048		45,207
First Majestic Silver Corp. *		20,096		217,963
Gabriel Resources Ltd. *		23,942		32,199
Golden Star Resources Ltd. *		34,308		22,904
HudBay Minerals, Inc.		34,703		277,006
Imperial Metals Corp. *		21,647		230,387
Katanga Mining Ltd. *		46,500		27,894
Lake Shore Gold Corp. *		50,240		16,527
Lundin Mining Corp. *		90,432		373,610
Major Drilling Group International, Inc.		21,132		139,237
Methanex Corp.		22,168		983,838
Nevsun Resources Ltd.		30,144		109,371
New Gold, Inc. *		75,679		516,218
Norbord, Inc. (c)		748		24,549
Northern Dynasty Minerals Ltd. *(c)		8,016		19,777
NovaGold Resources, Inc. *		50,240		128,328
OceanaGold Corp. *		42,264		78,104
Pan American Silver Corp.		30,350		370,584
Pretium Resources, Inc. *		10,048		82,636
Rubicon Minerals Corp. *		50,240		87,010
Seabridge Gold, Inc. *(c)		10,048		120,648
SEMAFO, Inc.		36,049		71,153
Sherritt International Corp.		46,056		206,763
Silver Standard Resources, Inc. *		11,084		87,724
Silvercorp Metals, Inc.		32,485		101,835
Tahoe Resources, Inc. *		20,096		293,405
Taseko Mines Ltd. *		33,269		75,001
Thompson Creek Metals Co., Inc. *(c)		23,624		81,829
Torex Gold Resources, Inc. *		87,652		144,171
West Fraser Timber Co., Ltd.		5,864		436,928
				8,486,633
Media 1.1%
Aimia, Inc.		40,192		577,477
Astral Media, Inc., A Shares		11,084		521,196
Cineplex, Inc.		10,048		332,973
Cogeco Cable, Inc.		8,122		354,255
Corus Entertainment, Inc.		10,048		233,421
Imax Corp. *		10,563		275,432
Quebecor, Inc., Class B		10,563		472,885
Torstar Corp.		10,563		63,160
				2,830,799
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Nordion, Inc.		22,168		173,517
Paladin Labs, Inc. *		318		15,461
				188,978
Real Estate 1.5%
Allied Properties Real Estate Investment Trust		2,790		90,539
Artis Real Estate Investment Trust		11,544		182,059
Boardwalk Real Estate Investment Trust		2,956		174,463
Calloway Real Estate Investment Trust		16,350		444,680
Canadian Apartment Properties Real Estate Investment Trust		11,084		264,137
Canadian Real Estate Investment Trust		7,874		333,381
Chartwell Retirement Residences		27,040		284,384
Cominar Real Estate Investment Trust		16,674		363,471
Dream Unlimited Corp. *		11,084		145,849
Dundee Real Estate Investment Trust		12,819		422,814
First Capital Realty, Inc.		16,932		316,835
FirstService Corp. *		3,248		103,705
H&R Real Estate Investment Trust		33,134		740,871
InnVest Real Estate Investment Trust		9,300		42,741
Morguard Real Estate Investment Trust		6,272		113,418
				4,023,347
Retailing 0.4%
Dollarama, Inc.		10,815		761,042
Reitmans (Canada) Ltd., Class A		10,563		93,514
RONA, Inc.		20,096		203,381
				1,057,937
Software & Services 0.5%
Constellation Software, Inc.		960		141,183
MacDonald, Dettwiler & Associates Ltd.		7,493		505,527
Open Text Corp. (c)		10,048		685,875
				1,332,585
Technology Hardware & Equipment 0.1%
Celestica, Inc. *		22,952		212,299
Wi-Lan, Inc.		10,472		44,682
				256,981
Telecommunication Services 0.1%
Manitoba Telecom Services, Inc.		10,048		346,681
Transportation 0.2%
TransForce, Inc.		11,084		215,127
Westshore Terminals Investment Corp.		8,122		230,014
				445,141
Utilities 1.0%
Algonquin Power & Utilities Corp.		26,722		199,856
ATCO Ltd., Class I		10,048		904,130
Atlantic Power Corp.		12,398		58,658
Capital Power Corp.		10,048		209,019
Emera, Inc.		21,647		738,706
Innergex Renewable Energy, Inc.		10,048		97,024
Just Energy Group, Inc. (c)		10,048		72,233
Northland Power, Inc.		10,048		180,243
Superior Plus Corp. (c)		20,096		231,769
				2,691,638
				45,615,451

4 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Denmark 1.5%
Banks 0.3%
Jyske Bank A/S *		13,263		526,550
Sydbank A/S *		13,485		301,435
				827,985
Capital Goods 0.3%
NKT Holding A/S		4,578		185,729
Vestas Wind Systems A/S *(c)		33,094		488,381
				674,110
Consumer Durables & Apparel 0.1%
Bang & Olufsen A/S *		5,024		48,904
Pandora A/S		8,615		299,493
				348,397
Food, Beverage & Tobacco 0.0%
East Asiatic Co., Ltd. A/S *		981		16,455
Health Care Equipment & Services 0.3%
GN Store Nord A/S		37,680		722,418
Insurance 0.2%
Topdanmark A/S *		22,384		570,781
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Alk-Abello A/S		2,666		187,448
Bavarian Nordic A/S *		2,799		33,813
Genmab A/S *		7,487		268,088
				489,349
Software & Services 0.1%
SimCorp A/S *		1,046		320,906
				3,970,401
Finland 2.4%
Capital Goods 0.7%
Cargotec Oyj, B Shares		8,336		254,853
Cramo Oyj		2,827		34,550
Konecranes Oyj		9,463		328,308
Outotec Oyj (c)		32,150		433,747
Ramirent Oyj		19,892		191,288
Uponor Oyj		10,048		157,048
YIT Oyj		22,014		430,520
				1,830,314
Commercial & Professional Services 0.1%
Lassila & Tikanoja Oyj *		10,050		182,608
Consumer Durables & Apparel 0.2%
Amer Sports Oyj		32,041		588,411
Diversified Financials 0.2%
Pohjola Bank plc, A Shares		32,594		533,514
Materials 0.5%
Huhtamaki Oyj		23,219		440,845
Kemira Oyj		20,096		313,835
Metsa Board Oyj		61,631		206,873
Outokumpu Oyj *(c)		164,454		114,026
Rautaruukki Oyj		7,950		52,753
				1,128,332
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Orion Oyj, Class B		12,617		311,662
Real Estate 0.2%
Citycon Oyj		74,754		237,359
Sponda Oyj		57,128		296,152
				533,511
Retailing 0.1%
Stockmann Oyj Abp, B Shares		9,300		141,379
Software & Services 0.1%
Tieto Oyj		16,422		338,398
Telecommunication Services 0.2%
Elisa Oyj		27,900		531,167
Transportation 0.0%
Finnair Oyj		20,096		71,622
				6,190,918
France 3.0%
Automobiles & Components 0.0%
Faurecia *		4,684		105,626
Plastic Omnium S.A.		317		16,935
				122,561
Capital Goods 0.2%
Mersen		3,512		85,342
Nexans S.A. (c)		6,142		342,719
Saft Groupe S.A.		5,157		122,307
				550,368
Commercial & Professional Services 0.2%
Teleperformance		10,103		475,948
Consumer Durables & Apparel 0.1%
Nexity		6,358		227,547
Energy 0.3%
Bourbon S.A.		11,754		336,806
Etablissements Maurel et Prom		20,713		356,891
Maurel & Prom Nigeria *		25,239		126,260
				819,957
Food & Staples Retailing 0.1%
Rallye S.A.		6,028		236,908
Food, Beverage & Tobacco 0.0%
Vilmorin & Cie		539		62,960
Health Care Equipment & Services 0.2%
Medica S.A.		14,188		256,692
Orpea		7,030		327,900
				584,592
Materials 0.1%
S.A. des Ciments Vicat		3,212		203,975
Media 0.5%
Havas S.A. (c)		72,339		460,694
Ipsos		6,574		236,470
Metropole Television S.A.		18,548		284,973
PagesJaunes Groupe *(c)		13,476		32,136
Societe d’Edition de Canal +		27,141		187,481
Technicolor S.A. *		25,120		107,433
				1,309,187
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Eurofins Scientific *		651		127,609
Virbac S.A.		1,462		316,897
				444,506

5

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Real Estate 0.2%
Mercialys		10,048		226,586
Societe Immobiliere de Location pour l’Industrie et le Commerce		2,549		300,883
				527,469
Semiconductors & Semiconductor Equipment 0.0%
Silicon-On-Insulator Technologies *(c)		7,097		26,673
Software & Services 0.4%
Alten		7,775		290,099
Altran Technologies S.A. *(c)		35,882		285,994
GameLoft SE *		9,300		66,652
Groupe Steria SCA		6,466		99,302
UbiSoft Entertainment S.A. *		27,161		356,231
				1,098,278
Technology Hardware & Equipment 0.3%
Ingenico		5,458		372,777
Neopost S.A. (c)		5,635		377,636
				750,413
Utilities 0.2%
Rubis		7,058		431,426
Sechilienne-Sidec		1,510		29,002
				460,428
				7,901,770
Germany 4.6%
Automobiles & Components 0.3%
ElringKlinger AG		10,048		360,064
Leoni AG		8,370		423,270
				783,334
Banks 0.1%
Aareal Bank AG *		9,674		240,281
Capital Goods 1.1%
Bauer AG		848		23,607
BayWa AG		3,012		152,278
Deutz AG *		31,693		206,028
Gildemeister AG		14,897		345,297
Heidelberger Druckmaschinen AG *		22,302		55,668
Kloeckner & Co. SE *		4,823		61,368
Krones AG		4,260		310,388
KUKA AG *		7,193		342,588
Nordex SE *		8,156		62,998
NORMA Group AG		5,580		213,335
Pfeiffer Vacuum Technology AG		2,450		263,129
Rational AG		942		298,615
Rheinmetall AG		2,666		134,059
SGL Carbon SE		7,536		278,399
Vossloh AG		1,806		180,552
				2,928,309
Consumer Durables & Apparel 0.1%
Gerry Weber International AG (c)		6,534		279,361
Health Care Equipment & Services 0.1%
Draegerwerk AG & Co. KGaA		226		25,576
Rhoen Klinikum AG		12,555		269,940
				295,516
Materials 0.6%
Aurubis AG		9,648		581,302
Symrise AG		21,602		882,300
				1,463,602
Media 0.3%
Sky Deutschland AG *		104,003		698,066
Pharmaceuticals, Biotechnology & Life Sciences 0.5%
Gerresheimer AG		3,846		230,729
MorphoSys AG *		8,469		409,343
Stada Arzneimittel AG (c)		13,693		600,884
				1,240,956
Real Estate 0.7%
Alstria Office REIT-AG *		13,499		162,753
Deutsche Euroshop AG		9,463		409,619
Deutsche Wohnen AG		25,120		470,264
DIC Asset AG		10,048		109,543
GAGFAH S.A. *		19,892		247,875
GSW Immobilien AG		5,342		208,770
IVG Immobilien AG *(c)		39,533		19,982
Patrizia Immobilien AG *		5,024		59,603
TAG Immobilien AG		9,300		106,812
				1,795,221
Retailing 0.0%
Delticom AG		335		16,848
Semiconductors & Semiconductor Equipment 0.2%
Aixtron SE *(c)		20,011		357,763
Dialog Semiconductor plc *		13,518		210,320
SMA Solar Technology AG		1,197		39,814
				607,897
Software & Services 0.2%
Bechtle AG		1,506		74,373
Wirecard AG		18,218		525,334
				599,707
Technology Hardware & Equipment 0.2%
Jenoptik AG		2,720		33,150
Wincor Nixdorf AG		6,387		362,640
				395,790
Telecommunication Services 0.2%
Freenet AG *		28,701		615,230
QSC AG		5,117		16,599
				631,829
				11,976,717
Greece 0.7%
Banks 0.1%
Alpha Bank AE *		193,892		168,360
Bank of Cyprus plc *(a)(b)		334,986		22,467
National Bank of Greece S.A. *		21,000		144,245
Piraeus Bank S.A. *		138,078		35,790
				370,862
Capital Goods 0.1%
Ellaktor S.A. *		16,000		45,619
Frigoglass S.A. *		5,400		38,142
Metka S.A.		3,200		44,375
				128,136

6 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Consumer Services 0.1%
Intralot S.A. Integrated Lottery Systems & Services		19,200		51,508
OPAP S.A.		33,750		278,187
				329,695
Diversified Financials 0.0%
Hellenic Exchanges S.A. Holding Clearing Settlement and Registry		9,401		69,812
Marfin Investment Group Holdings S.A. *		75,016		31,208
				101,020
Energy 0.0%
Motor Oil (Hellas) Corinth Refineries S.A.		11,800		118,672
Materials 0.2%
Mytilineos Holdings S.A. *		14,000		82,737
Titan Cement Co. S.A. *		11,550		196,091
Viohalco Hellenic Copper and Aluminum Industry S.A. *		23,738		131,364
				410,192
Retailing 0.1%
Folli Follie Group *		4,702		102,376
JUMBO S.A. *		15,000		150,465
				252,841
Utilities 0.1%
Athens Water Supply & Sewage Co. S.A.		6,118		48,763
Public Power Corp. S.A. *		18,352		184,327
				233,090
				1,944,508
Hong Kong 1.9%
Automobiles & Components 0.1%
Minth Group Ltd.		216,000		371,742
Capital Goods 0.0%
Singamas Container Holdings Ltd.		400,000		97,388
Consumer Durables & Apparel 0.1%
Stella International Holdings Ltd.		50,000		140,413
Consumer Services 0.1%
NagaCorp Ltd.		107,343		88,775
Regal Hotels International Holdings Ltd.		64,000		30,999
REXLot Holdings Ltd.		2,500,000		193,229
				313,003
Diversified Financials 0.1%
Value Partners Group Ltd.		200,000		117,999
Energy 0.2%
Anton Oilfield Services Group (c)		186,041		160,570
Honghua Group Ltd. (c)		373,677		185,327
Mongolia Energy Corp., Ltd. *		346,000		13,372
Newocean Energy Holdings Ltd.		140,626		98,729
Sino Oil & Gas Holdings Ltd. *(c)		6,530,000		155,620
				613,618
Materials 0.2%
AMVIG Holdings Ltd.		40,000		15,613
CST Mining Group Ltd. *		1,280,000		15,664
G-Resources Group Ltd. *		5,640,000		228,861
Yingde Gases		150,000		162,313
				422,451
Real Estate 0.2%
K Wah International Holdings Ltd.		200,000		102,283
Lai Sun Development Co., Ltd. *		2,210,000		70,888
Sunlight Real Estate Investment Trust		200,000		87,082
Yuexiu Real Estate Investment Trust		400,000		223,630
				483,883
Retailing 0.5%
Chow Sang Sang Holdings International Ltd. (c)		26,000		64,106
Emperor Watch & Jewellery Ltd.		1,190,000		119,570
Giordano International Ltd. (c)		200,000		189,622
Luk Fook Holdings International Ltd. (c)		80,000		209,718
New World Department Store China Ltd.		200,000		110,527
SA SA International Holdings Ltd. (c)		400,000		447,261
Trinity Ltd. (c)		234,000		96,762
				1,237,566
Technology Hardware & Equipment 0.1%
Ju Teng International Holdings Ltd. (c)		200,000		131,396
Truly International Holdings (c)		372,000		240,083
				371,479
Telecommunication Services 0.1%
SmarTone Telecommunications Holding Ltd.		100,000		174,679
Transportation 0.1%
Pacific Basin Shipping Ltd.		654,000		375,746
Utilities 0.1%
Towngas China Co., Ltd. (c)		208,000		213,820
				4,933,787
Ireland 1.0%
Capital Goods 0.3%
Grafton Group plc		66,818		470,217
Kingspan Group plc		34,162		422,019
				892,236
Consumer Services 0.2%
Paddy Power plc		4,442		373,331
Food, Beverage & Tobacco 0.3%
C&C Group plc		80,384		479,217
Glanbia plc		14,511		199,346
				678,563
Materials 0.2%
Smurfit Kappa Group plc		30,144		503,959
Transportation 0.0%
Aer Lingus Group plc		40,192		84,228
				2,532,317

7

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Israel 0.4%
Capital Goods 0.0%
Clal Industries Ltd.		8,323		32,113
Food & Staples Retailing 0.1%
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.		2,325		109,978
Health Care Equipment & Services 0.0%
Given Imaging Ltd. *		6,024		86,268
Insurance 0.1%
Menorah Mivtachim Holdings Ltd. *		9,300		104,401
Phoenix Holdings Ltd.		4,820		16,431
				120,832
Materials 0.1%
Frutarom Industries Ltd.		9,300		141,014
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
Kamada Ltd. *		3,331		36,843
Real Estate 0.0%
Africa Israel Investments Ltd. *		25,205		59,783
Jerusalem Economy Ltd.		5,994		43,658
				103,441
Semiconductors & Semiconductor Equipment 0.0%
Nova Measuring Instruments Ltd. *		10,048		94,189
Software & Services 0.1%
Allot Communications Ltd. *		5,024		60,194
Babylon Ltd.		8,391		50,893
				111,087
Technology Hardware & Equipment 0.0%
Gilat Satellite Networks Ltd. *		7,137		39,190
Ituran Location and Control Ltd.		4,018		68,474
				107,664
				943,429
Italy 2.6%
Automobiles & Components 0.0%
Piaggio & C S.p.A.		35,168		93,252
Banks 0.5%
Banca Carige S.p.A. *(c)		33,740		22,345
Banca Piccolo Credito Valtellinese Scarl *		58,768		76,163
Banca Popolare dell’Emilia Romagna Scrl *		54,219		458,146
Banca Popolare di Milano Scarl *(c)		698,354		388,002
Banca Popolare di Sondrio Scrl		52,752		290,832
Credito Emiliano S.p.A.		22,962		124,570
				1,360,058
Capital Goods 0.2%
Danieli & C Officine Meccaniche S.p.A.		15,005		246,387
Interpump Group S.p.A.		13,950		124,747
Trevi Finanziaria Industriale S.p.A.		2,023		17,697
				388,831
Consumer Durables & Apparel 0.3%
De’Longhi S.p.A.		5,024		77,482
Salvatore Ferragamo Italia S.p.A.		9,300		292,642
Tod’s S.p.A.		3,075		440,763
				810,887
Diversified Financials 0.3%
Azimut Holding S.p.A.		24,833		471,489
Banca Generali S.p.A.		14,897		324,157
				795,646
Energy 0.1%
Cam Finanziaria S.p.A. *		39,758		43,488
ERG S.p.A.		21,349		216,366
Saras S.p.A. *		55,800		82,731
				342,585
Health Care Equipment & Services 0.3%
DiaSorin S.p.A.		7,030		280,251
Sorin S.p.A. *		142,384		395,631
				675,882
Insurance 0.2%
Fondiaria-Sai S.p.A. *		143,643		288,736
Milano Assicurazioni S.p.A. *		53,571		34,443
Societa Cattolica di Assicurazioni Scrl		8,512		171,982
Unipol Gruppo Finanziario S.p.A.		19,797		67,786
				562,947
Materials 0.0%
Italcementi S.p.A.		4,058		28,663
Italcementi S.p.A. RSP		9,447		32,420
Italmobiliare S.p.A. *		2,912		40,947
				102,030
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Recordati S.p.A.		23,657		249,568
Real Estate 0.1%
Beni Stabili S.p.A.		160,915		112,719
Retailing 0.1%
Yoox S.p.A. *(c)		6,025		124,544
Transportation 0.1%
Ansaldo STS S.p.A.		36,323		346,704
Utilities 0.3%
A2A S.p.A.		200,484		169,797
ACEA S.p.A.		20,006		155,567
Hera S.p.A.		139,819		301,163
IREN S.p.A.		92,119		105,239
				731,766
				6,697,419
Japan 13.3%
Automobiles & Components 0.8%
Akebono Brake Industry Co., Ltd. (c)		20,000		99,827
Daido Metal Co., Ltd.		7,000		47,764
Keihin Corp.		10,000		147,660
Musashi Seimitsu Industry Co., Ltd.		10,000		234,216
Nifco, Inc.		10,000		216,192
Nissin Kogyo Co., Ltd.		13,700		257,380
Press Kogyo Co., Ltd.		28,000		138,371
Showa Corp.		10,000		125,675
Toyo Tire & Rubber Co., Ltd.		20,000		112,305
TPR Co., Ltd.		10,000		156,078
TS Tech Co., Ltd.		10,900		347,591

8 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Unipres Corp.		8,000		149,344
				2,032,403
Banks 0.7%
Bank of the Ryukyus Ltd.		10,000		131,320
FIDEA Holdings Co., Ltd.		50,000		114,880
Kiyo Holdings, Inc.		300,000		424,858
The Bank of Okinawa Ltd.		3,200		124,863
The Chiba Kogyo Bank Ltd. *		9,300		69,629
The Fukui Bank Ltd.		108,000		217,123
The Miyazaki Bank Ltd.		31,000		86,269
The Oita Bank Ltd.		48,000		152,592
The Toho Bank Ltd.		23,000		67,878
The Tokyo Tomin Bank Ltd.		10,000		110,918
The Tsukuba Bank Ltd.		25,400		92,066
The Yachiyo Bank Ltd.		2,200		68,195
TOMONY Holdings, Inc.		20,000		72,295
				1,732,886
Capital Goods 2.9%
Aica Kogyo Co., Ltd.		20,000		376,133
Aida Engineering Ltd.		10,000		75,464
Asahi Diamond Industrial Co., Ltd.		10,400		104,129
Central Glass Co., Ltd.		100,000		313,939
Denyo Co., Ltd.		10,000		133,102
Endo Lighting Corp. (c)		1,600		46,507
Fudo Tetra Corp. *		7,800		13,055
Futaba Corp.		21,600		272,741
Hanwa Co., Ltd.		108,000		401,089
Hazama Ando Corp. (c)		9,900		22,158
Hitachi Zosen Corp.		260,000		409,408
Hosokawa Micron Corp.		3,000		22,610
Inaba Denki Sangyo Co., Ltd. (c)		10,800		305,791
Japan Bridge Corp. *(c)		10,600		17,636
Kanamoto Co., Ltd.		3,000		70,443
Kitz Corp.		30,000		149,443
Komori Corp.		7,900		94,902
Kyowa Exeo Corp.		32,400		362,906
Maeda Corp.		32,000		140,708
Makino Milling Machine Co., Ltd.		6,000		39,277
Mirait Holdings Corp.		20,000		181,827
Mitsui Matsushima Co., Ltd.		15,000		24,214
Miura Co., Ltd.		10,400		236,375
MonotaRO Co., Ltd.		4,800		132,484
Nachi-Fujikoshi Corp.		26,000		117,415
Namura Shipbuilding Co., Ltd.		5,500		52,671
Nichias Corp.		19,000		123,060
Nippon Road Co., Ltd.		6,000		30,720
Nishimatsu Construction Co., Ltd.		12,000		24,957
Nishio Rent All Co., Ltd.		2,000		40,921
Nitto Boseki Co., Ltd.		78,000		248,735
Noritz Corp.		20,000		327,804
Oiles Corp. (c)		10,000		206,883
Okabe Co., Ltd.		10,000		91,211
Okumura Corp.		108,000		394,672
OSG Corp.		9,300		137,785
Penta-Ocean Construction Co., Ltd.		50,000		123,793
Sankyo Tateyama, Inc.		10,000		218,767
Sanwa Holdings Corp.		45,000		239,762
Shima Seiki Manufacturing Ltd.		9,300		210,914
Sintokogio Ltd.		26,000		211,914
Sodick Co., Ltd.		9,300		49,182
Sumitomo Densetsu Co., Ltd.		2,800		36,603
Sumitomo Mitsui Construction Co., Ltd. *		49,900		39,040
Tadano Ltd. (c)		3,000		35,801
Taikisha Ltd.		10,000		222,827
Takaoka Toko Holdings Co., Ltd.		3,200		49,248
Takasago Thermal Engineering Co., Ltd.		20,000		164,397
Takuma Co., Ltd.		4,000		31,295
Toa Corp. *		16,000		22,659
Totetsu Kogyo Co., Ltd.		1,700		25,692
Tsubakimoto Chain Co.		24,000		149,502
Tsugami Corp.		5,000		30,948
Wakita & Co., Ltd.		3,000		30,899
YAMABIKO Corp.		900		29,146
Yokogawa Bridge Holdings Corp.		2,000		18,064
				7,683,628
Commercial & Professional Services 0.4%
Daiseki Co., Ltd. (c)		10,800		178,084
Duskin Co., Ltd.		21,600		380,767
Meitec Corp.		11,100		261,079
Mitsubishi Pencil Co., Ltd.		10,000		183,115
Moshi Moshi Hotline, Inc.		1,900		21,169
Nissha Printing Co., Ltd. *(c)		5,100		91,873
				1,116,087
Consumer Durables & Apparel 0.7%
Alpine Electronics, Inc.		10,000		95,469
Fujibo Holdings, Inc.		10,000		23,273
Gunze Ltd.		100,000		242,634
JVC Kenwood Corp.		30,000		78,435
Mizuno Corp.		39,000		178,054
Pressance Corp.		1,200		40,168
Sangetsu Co., Ltd.		10,800		258,836
Seiko Holdings Corp.		18,000		75,227
Tamron Co., Ltd.		10,000		243,328
Token Corp.		1,000		50,607
Tomy Co., Ltd.		55,800		253,649
TSI Holdings Co., Ltd.		27,900		181,810
				1,721,490
Consumer Services 0.6%
Accordia Golf Co., Ltd.		400		424,659
Colowide Co., Ltd.		8,000		72,176
Doutor Nichires Holdings Co., Ltd.		20,000		266,204
HIS Co., Ltd.		4,100		164,244
Resorttrust, Inc.		9,300		249,873
Round One Corp.		3,600		22,390
Saizeriya Co., Ltd.		6,400		83,284
Tokyo Dome Corp.		9,000		52,855
Tokyotokeiba Co., Ltd. (c)		19,000		69,057
Yomiuri Land Co., Ltd. (c)		5,000		40,158
Zensho Holdings Co., Ltd. (c)		10,000		112,503
				1,557,403
Diversified Financials 0.6%
Fuyo General Lease Co., Ltd.		9,300		347,225
IBJ Leasing Co., Ltd.		10,000		319,881
Ichiyoshi Securities Co., Ltd.		2,600		33,268
Jaccs Co., Ltd.		14,000		74,731
Japan Securities Finance Co., Ltd.		20,000		152,711
kabu.com Securities Co., Ltd.		35,400		215,958
Kyokuto Securities Co., Ltd.		1,500		28,537
Marusan Securities Co., Ltd.		3,900		27,500

9

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Monex Group, Inc.		132		50,525
Okasan Securities Group, Inc.		11,000		98,589
Tokai Tokyo Financial Holdings, Inc.		11,000		76,801
Toyo Securities Co., Ltd.		4,000		13,786
				1,439,512
Energy 0.1%
Itochu Enex Co., Ltd.		10,000		53,578
Modec, Inc.		3,200		99,827
Shinko Plantech Co., Ltd.		10,000		72,889
Toyo Kanetsu KK		17,000		51,854
				278,148
Food & Staples Retailing 0.3%
Ain Pharmaciez, Inc.		1,400		54,558
Arcs Co., Ltd.		10,000		177,272
Cocokara fine, Inc.		10,000		323,842
Izumiya Co., Ltd.		10,000		43,476
Kusuri No Aoki Co., Ltd.		700		43,674
Ministop Co., Ltd.		2,600		41,868
Okuwa Co., Ltd.		4,000		39,495
Valor Co., Ltd.		10,000		180,639
				904,824
Food, Beverage & Tobacco 0.4%
Fuji Oil Co., Ltd.		18,600		283,858
Fujiya Co., Ltd. (c)		100,000		194,108
Hokuto Corp.		10,000		178,064
Megmilk Snow Brand Co., Ltd.		10,000		144,194
Morinaga Milk Industry Co., Ltd.		108,000		308,037
				1,108,261
Health Care Equipment & Services 0.5%
Asahi Intecc Co., Ltd.		400		21,233
Jeol Ltd.		7,000		35,355
Nagaileben Co., Ltd.		10,000		151,127
Nihon Kohden Corp.		10,000		361,476
Nikkiso Co., Ltd.		5,000		66,452
Ship Healthcare Holdings, Inc.		10,000		363,951
Toho Holdings Co., Ltd.		20,000		362,466
Tokai Corp.		500		12,934
Tsukui Corp.		3,800		39,628
				1,414,622
Household & Personal Products 0.3%
Aderans Co., Ltd.		11,700		161,755
Dr Ci:Labo Co., Ltd. (c)		20		57,836
Fancl Corp.		20,800		229,063
Mandom Corp.		10,800		344,402
				793,056
Materials 1.4%
Adeka Corp.		30,000		272,741
Asahi Holdings, Inc.		10,000		169,448
Daio Paper Corp.		10,000		56,945
Earth Chemical Co., Ltd.		10,000		333,746
Fujimi, Inc.		10,000		113,890
Fujimori Kogyo Co., Ltd.		1,200		35,949
Hokuetsu Kishu Paper Co., Ltd.		13,500		60,030
Konishi Co., Ltd.		900		15,099
Kureha Corp.		32,000		116,306
Kurimoto Ltd.		8,000		20,599
Kyoei Steel Ltd. (c)		10,000		159,445
Nihon Parkerizing Co., Ltd.		7,000		121,178
Nippon Light Metal Holdings Co., Ltd.		224,400		257,790
Nippon Soda Co., Ltd.		33,000		158,831
NOF Corp.		32,000		170,815
Sanyo Special Steel Co., Ltd. (c)		30,000		144,095
Sumitomo Light Metal Industries Ltd.		100,000		105,967
Toagosei Co., Ltd.		58,000		241,248
Toho Zinc Co., Ltd.		25,000		82,199
Tokuyama Corp. (c)		93,000		303,016
Tokyo Ohka Kogyo Co., Ltd.		10,000		218,767
Tokyo Steel Manufacturing Co., Ltd. (c)		13,900		49,281
Tokyo Tekko Co., Ltd.		7,000		24,471
Topy Industries Ltd.		50,000		101,015
Toyo Ink SC Holdings Co., Ltd.		50,000		229,760
				3,562,631
Media 0.2%
Avex Group Holdings, Inc.		10,000		306,511
Gakken Holdings Co., Ltd.		9,000		25,848
Kadokawa Group Holdings, Inc. (c)		10,000		295,717
				628,076
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
ASKA Pharmaceutical Co., Ltd.		2,000		13,152
JCR Pharmaceuticals Co., Ltd.		2,300		50,111
Nichi-iko Pharmaceutical Co., Ltd.		10,800		239,477
Seikagaku Corp.		22,000		270,166
				572,906
Real Estate 0.5%
Daibiru Corp.		10,000		117,158
Daikyo, Inc.		100,000		307,007
Heiwa Real Estate Co., Ltd.		10,000		185,194
Kenedix, Inc. *		512		278,374
Leopalace21 Corp. *		30,000		139,639
Takara Leben Co., Ltd.		3,000		45,605
TOC Co., Ltd.		20,000		138,846
				1,211,823
Retailing 0.8%
AOKI Holdings, Inc.		2,600		76,037
Arata Corp.		11,000		39,544
Arc Land Sakamoto Co., Ltd.		10,000		186,383
ASKUL Corp.		1,100		16,983
Bic Camera, Inc. (c)		100		40,456
DCM Holdings Co., Ltd.		20,000		153,107
EDION Corp. (c)		20,000		98,638
Geo Holdings Corp.		100		94,875
Gulliver International Co., Ltd.		18,600		117,706
Joshin Denki Co., Ltd.		10,000		77,148
Matsuya Co., Ltd. *		1,000		13,330
Megane TOP Co., Ltd.		10,000		137,955
Start Today Co., Ltd.		9,300		138,798
Tsutsumi Jewelry Co., Ltd.		10,000		242,040
United Arrows Ltd.		9,300		344,001
Xebio Co., Ltd.		10,000		196,583
Yellow Hat Ltd.		10,000		188,859
				2,162,443
Semiconductors & Semiconductor Equipment 0.2%
Mitsui High-Tec, Inc.		1,700		11,836
Sanken Electric Co., Ltd.		18,000		94,122

10 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Tokyo Seimitsu Co., Ltd.		10,000		214,013
UKC Holdings Corp.		1,400		24,735
Ulvac, Inc. *		4,300		44,288
				388,994
Software & Services 0.5%
Dwango Co., Ltd.		14		73,067
Fuji Soft, Inc.		10,000		217,380
GMO internet, Inc.		14,600		141,554
Ines Corp.		11,400		81,852
Internet Initiative Japan, Inc.		2,400		81,406
IT Holdings Corp.		10,000		139,936
Net One Systems Co., Ltd.		20,000		165,784
Nihon Unisys Ltd.		20,000		184,006
Transcosmos, Inc.		10,000		143,798
				1,228,783
Technology Hardware & Equipment 1.0%
Amano Corp.		10,400		109,382
Canon Electronics, Inc.		10,000		182,719
Daiwabo Holdings Co., Ltd. (c)		100,000		168,359
Enplas Corp.		1,400		86,101
Horiba Ltd.		9,800		352,790
Hosiden Corp.		40,000		212,726
Mitsumi Electric Co., Ltd. *		2,600		18,153
Nichicon Corp.		24,600		238,265
Nippon Chemi-Con Corp. *		5,000		18,321
Oki Electric Industry Co., Ltd. *		100,000		191,136
Riso Kagaku Corp.		2,600		56,570
Ryosan Co., Ltd.		10,800		202,149
Star Micronics Co., Ltd.		10,000		107,254
Toko, Inc. *		5,000		14,657
Topcon Corp.		10,000		109,928
Wacom Co., Ltd. (c)		40,000		503,887
				2,572,397
Transportation 0.2%
Iino Kaiun Kaisha Ltd.		2,300		13,052
Japan Airport Terminal Co., Ltd.		20,000		254,122
Nippon Konpo Unyu Soko Co., Ltd.		10,000		143,798
The Sumitomo Warehouse Co., Ltd.		32,000		173,984
				584,956
				34,695,329
Netherlands 1.9%
Capital Goods 0.4%
Aalberts Industries N.V.		19,090		433,951
Arcadis N.V.		11,083		309,032
Grontmij *		7,791		33,845
Koninklijke BAM Groep N.V.		44,662		222,267
Royal Imtech N.V. *(c)		15,173		182,523
				1,181,618
Commercial & Professional Services 0.0%
USG People N.V.		2,058		15,739
Consumer Durables & Apparel 0.0%
TomTom N.V. *(c)		12,054		63,441
Diversified Financials 0.1%
BinckBank N.V.		17,299		158,506
Food & Staples Retailing 0.1%
Sligro Food Group N.V.		3,940		132,660
Food, Beverage & Tobacco 0.3%
CSM N.V.		14,897		312,186
Nutreco N.V.		12,154		521,456
				833,642
Insurance 0.2%
Delta Lloyd N.V.		28,324		556,859
Materials 0.1%
APERAM		7,210		97,600
Koninklijke Ten Cate N.V.		6,747		165,657
				263,257
Real Estate 0.3%
Eurocommercial Properties N.V.		9,045		358,351
VastNed Retail N.V.		4,719		208,764
Wereldhave N.V.		3,844		273,253
				840,368
Retailing 0.0%
Beter Bed Holding N.V.		3,012		50,746
Semiconductors & Semiconductor Equipment 0.1%
ASM International N.V. (c)		10,448		373,450
Software & Services 0.1%
Unit 4 N.V.		5,024		177,102
Technology Hardware & Equipment 0.1%
TKH Group N.V.		10,496		269,064
Transportation 0.1%
PostNL N.V. *		62,257		169,842
				5,086,294
New Zealand 0.6%
Energy 0.0%
New Zealand Oil & Gas Ltd.		106,894		68,616
Health Care Equipment & Services 0.1%
Ryman Healthcare Ltd.		55,800		293,221
Insurance 0.0%
Tower Ltd.		34,782		52,974
Materials 0.1%
Nuplex Industries Ltd. (c)		42,754		96,480
Real Estate 0.1%
Goodman Property Trust		243,082		215,155
Precinct Properties New Zealand Ltd.		100,480		87,334
				302,489
Retailing 0.1%
Kathmandu Holdings Ltd.		27,969		63,562
Trade Me Ltd.		30,838		121,722
				185,284
Transportation 0.1%
Freightways Ltd.		30,144		102,397
Mainfreight Ltd.		10,048		82,687
				185,084
Utilities 0.1%
Infratil Ltd.		170,436		309,865
				1,494,013

11

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Norway 2.1%
Banks 0.1%
SpareBank 1 SR Bank A.S.A.		8,546		75,507
Sparebanken 1 SMN		30,767		266,609
				342,116
Commercial & Professional Services 0.2%
Tomra Systems A.S.A.		45,293		404,027
Diversified Financials 0.0%
Aker A.S.A., A Shares		2,790		87,936
Energy 0.9%
BW Offshore Ltd.		35,718		47,519
Det Norske Oljeselskap A.S.A. *		10,775		169,714
DNO International A.S.A. *		211,008		377,885
Fred. Olsen Energy A.S.A. (c)		5,885		247,981
Kvaerner A.S.A.		19,797		37,506
Petroleum Geo-Services A.S.A.		37,680		562,116
Prosafe SE		40,192		377,646
Songa Offshore SE *(c)		22,859		21,556
TGS Nopec Geophysical Co. A.S.A. (c)		18,584		652,048
				2,493,971
Food, Beverage & Tobacco 0.3%
Austevoll Seafood A.S.A. (c)		15,072		89,631
Cermaq A.S.A.		12,560		232,615
Marine Harvest		452,172		470,192
				792,438
Insurance 0.1%
Storebrand A.S.A. *		42,546		201,617
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Algeta A.S.A. *		9,254		360,698
Real Estate 0.1%
Norwegian Property A.S.A.		118,598		171,082
Semiconductors & Semiconductor Equipment 0.1%
Nordic Semiconductor A.S.A. *(c)		41,551		136,257
Renewable Energy Corp. A.S.A. *(c)		196,608		77,368
				213,625
Software & Services 0.1%
Atea A.S.A.		23,657		237,155
Opera Software A.S.A.		10,048		75,461
				312,616
Transportation 0.1%
Golden Ocean Group Ltd. *		34,727		38,353
Norwegian Air Shuttle A.S.A. *		1,386		69,801
Wilh Wilhelmsen A.S.A.		12,822		100,216
				208,370
				5,588,496
Portugal 0.4%
Banks 0.1%
Banco Comercial Portugues S.A. - Reg’d *		1,808,375		250,771
Capital Goods 0.1%
Mota - Engil SGPS S.A.		5,265		14,841
Sonae		224,331		223,574
				238,415
Materials 0.1%
Altri SGPS S.A.		26,980		66,436
Portucel S.A.		37,523		132,759
Semapa-Sociedade de Investimento e Gestao		2,560		22,574
				221,769
Media 0.1%
Zon Multimedia Servicos de Telecomunicacoes e Multimedia, SGPS, S.A.		81,777		370,940
				1,081,895
Republic of Korea 5.0%
Automobiles & Components 0.2%
Kumho Tire Co., Inc. *		13,440		148,117
Nexen Tire Corp.		9,130		131,733
Ssangyong Motor Co. *		20,300		158,131
				437,981
Banks 0.0%
Jeonbuk Bank		18,054		102,440
Capital Goods 0.5%
Hanjin Heavy Industries & Construction Holdings Co., Ltd.		4,290		26,848
Hyundai Elevator Co., Ltd. *		2,790		197,328
iMarketKorea, Inc.		6,000		123,750
Kolon Global Corp. *		20,000		75,153
Korea Electric Terminal Co., Ltd.		2,000		62,229
Kumho Electric Co., Ltd.		890		28,361
LG International Corp.		9,293		298,195
LS Industrial Systems Co., Ltd.		2,126		114,797
S&T Dynamics Co., Ltd.		3,200		38,948
STX Offshore & Shipbuilding Co., Ltd. *		15,000		51,717
Sung Kwang Bend Co., Ltd.		3,300		81,646
Taihan Electric Wire Co., Ltd. *		19,579		51,733
TK Corp. *		3,399		75,069
				1,225,774
Commercial & Professional Services 0.0%
KEPCO Plant Service & Engineer Co., Ltd.		1,420		71,522
Consumer Durables & Apparel 0.3%
Fila Korea Ltd.		1,500		90,820
Handsome Co., Ltd.		2,000		54,882
Hanssem Co., Ltd.		2,000		57,980
LG Fashion Corp.		5,800		160,441
Youngone Corp.		4,000		148,712
Youngone Holdings Co., Ltd.		1,780		116,755
				629,590
Consumer Services 0.3%
Grand Korea Leisure Co., Ltd.		2,500		81,880
Hana Tour Service, Inc.		2,970		188,501
Hotel Shilla Co., Ltd.		7,420		410,507
MegaStudy Co., Ltd.		600		36,434
Paradise Co., Ltd.		4,500		97,393
				814,715

12 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Diversified Financials 0.2%
KIWOOM Securities Co., Ltd.		2,840		162,149
Macquarie Korea Infrastructure Fund		48,740		319,267
TONGYANG Securities, Inc.		32,590		118,423
				599,839
Energy 0.1%
SK Gas Co., Ltd.		2,000		145,348
Food & Staples Retailing 0.0%
Dongsuh Cos., Inc.		3,600		88,590
Food, Beverage & Tobacco 0.3%
Binggrae Co., Ltd.		960		96,875
Daesang Corp.		8,430		269,011
Lotte Samkang Co., Ltd.		160		104,524
Maeil Dairy Industry Co., Ltd.		2,000		80,375
Namyang Dairy Products Co., Ltd.		80		67,416
Ottogi Corp.		400		139,152
Samyang Holdings Corp.		1,310		102,045
				859,398
Health Care Equipment & Services 0.0%
Chabio & Diostech Co., Ltd. *		6,400		64,300
Osstem Implant Co., Ltd. *		1,091		29,793
				94,093
Household & Personal Products 0.0%
Able C&C Co., Ltd.		530		21,464
Insurance 0.2%
Korean Reinsurance Co.		23,700		239,161
LIG Insurance Co., Ltd.		7,100		156,179
Meritz Fire & Marine Insurance Co., Ltd.		19,082		222,964
				618,304
Materials 0.7%
Capro Corp.		4,950		41,758
CNK International Co., Ltd. *		6,671		28,108
EG Corp.		2,310		58,072
Foosung Co., Ltd. *		20,000		84,978
Hanil Cement Co., Ltd.		490		24,723
Hansol Paper Co.		5,000		63,734
Huchems Fine Chemical Corp.		4,000		78,251
Kolon Industries, Inc.		2,920		131,564
Lock & Lock Co., Ltd.		2,000		40,011
Poongsan Corp.		5,250		126,870
Seah Besteel Corp.		9,890		292,839
SK Chemicals Co., Ltd.		5,070		193,654
Soulbrain Co., Ltd.		1,540		63,116
Ssangyong Cement Industrial Co., Ltd. *		7,030		51,463
Taekwang Industrial Co., Ltd.		240		222,856
Young Poong Corp.		186		262,609
				1,764,606
Media 0.2%
CJ CGV Co., Ltd.		4,500		216,694
KT Skylife Co., Ltd.		2,500		87,966
SBS Media Holdings Co., Ltd.		3,500		18,279
SM Entertainment Co. *		1,728		61,720
Tera Resource Co., Ltd. *		19,260		18,157
YG Entertainment, Inc.		582		33,899
				436,715
Pharmaceuticals, Biotechnology & Life Sciences 0.5%
Chong Kun Dang Pharm Corp.		1,310		67,489
Daewoong Pharmaceutical Co., Ltd.		3,000		182,172
Dong-A Pharmaceutical Co., Ltd.		1,113		123,645
Dong-A ST Co., Ltd. *		1,886		237,899
Green Cross Cell Corp. *		1,150		47,590
Green Cross Corp.		431		51,696
Hanmi Pharm Co., Ltd. *		920		138,444
Ilyang Pharmaceutical Co., Ltd.		1,500		42,091
Komipharm International Co., Ltd. *		3,742		29,480
LG Life Sciences Ltd. *		3,920		175,232
Medipost Co., Ltd. *		1,901		137,312
Medy-Tox, Inc.		416		44,373
Pharmicell Co., Ltd. *		2,810		11,902
Seegene, Inc. *		1,250		67,496
ViroMed Co., Ltd. *		1,507		54,693
				1,411,514
Retailing 0.4%
CJ O Shopping Co., Ltd.		618		174,891
GS Home Shopping, Inc.		705		152,770
Hyundai Greenfood Co. Ltd.		13,170		207,512
Hyundai Home Shopping Network Corp.		1,540		218,111
Interpark Corp.		7,700		58,958
Lotte Himart Co., Ltd.		2,000		148,358
				960,600
Semiconductors & Semiconductor Equipment 0.2%
GemVax & Kael Co., Ltd. *		3,295		108,793
Hansol Technics Co., Ltd. *		1,340		33,568
Melfas, Inc.		1,533		22,662
Seoul Semiconductor Co., Ltd.		11,280		354,466
Silicon Works Co., Ltd.		1,920		42,659
STS Semiconductor & Telecommunications *		2,630		14,038
Wonik IPS Co., Ltd. *		3,310		21,799
				597,985
Software & Services 0.2%
Ahnlab, Inc.		1,335		72,204
Com2uSCorp *		964		39,850
CUROCOM Co., Ltd. *		25,000		48,686
Daou Technology, Inc.		4,100		69,319
Gamevil, Inc. *		891		95,433
Haansoft, Inc.		5,000		84,536
				410,028
Technology Hardware & Equipment 0.4%
3S Korea Co., Ltd. *		4,761		27,646
Daeduck Electronics Co., Ltd.		9,350		90,214
Daeduck GDS Co., Ltd.		3,200		63,167
Interflex Co., Ltd. *		629		27,450
LG Innotek Co., Ltd. *		2,750		256,816
Partron Co., Ltd.		11,480		254,050
SFA Engineering Corp.		3,616		200,693
Sindoh Co., Ltd.		750		47,933
				967,969
Telecommunication Services 0.1%
SK Broadband Co., Ltd. *		50,200		226,627
Transportation 0.1%
Asiana Airlines, Inc. *		23,700		118,741
Hanjin Shipping Holdings Co., Ltd. *		8,740		36,168

13

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Hanjin Transportation Co., Ltd.		3,950		84,266
				239,175
Utilities 0.1%
E1 Corp.		1,395		92,490
Samchully Co., Ltd.		1,305		144,974
				237,464
				12,961,741
Singapore 2.5%
Capital Goods 0.2%
Gallant Venture Ltd. *		500,000		136,401
Tat Hong Holdings Ltd. (c)		100,000		117,819
United Engineers Ltd.		14,000		31,882
Vard Holdings Ltd. (c)		100,000		88,562
Yoma Strategic Holdings Ltd. *(c)		179,813		120,146
				494,810
Commercial & Professional Services 0.1%
Blumont Group Ltd. *		247,251		207,240
Consumer Durables & Apparel 0.0%
China Hongxing Sports Ltd. *(a)(b)		884,000		—
Consumer Services 0.1%
GuocoLeisure Ltd. (c)		100,000		63,654
Raffles Education Corp., Ltd. *		200,000		51,398
				115,052
Diversified Financials 0.0%
Asiasons Capital Ltd. *(c)		86,937		67,025
Energy 0.2%
Ezion Holdings Ltd.		112,000		201,922
Ezra Holdings Ltd. *(c)		216,000		166,528
Swiber Holdings Ltd. (c)		186,000		111,778
				480,228
Food, Beverage & Tobacco 0.2%
GMG Global Ltd.		1,906,000		173,321
Pacific Andes Resources Development Ltd. (c)		400,000		43,648
Super Group Ltd.		100,000		373,226
				590,195
Health Care Equipment & Services 0.2%
Biosensors International Group Ltd. *(c)		200,000		188,985
Raffles Medical Group Ltd.		100,000		261,732
				450,717
Materials 0.1%
LionGold Corp., Ltd. *(c)		312,000		284,948
Midas Holdings Ltd. (c)		200,000		78,283
				363,231
Real Estate 1.0%
Ascendas India Trust (c)		100,000		60,096
Ascott Residence Trust (c)		100,000		106,354
CDL Hospitality Trusts		216,000		314,269
Fortune Real Estate Investment Trust		200,000		185,758
Frasers Centrepoint Trust		100,000		160,519
Keppel REIT (c)		279,000		313,272
Lippo Malls Indonesia Retail Trust		300,000		122,168
Mapletree Commercial Trust		279,000		294,520
Mapletree Industrial Trust		200,000		220,614
Mapletree Logistics Trust		474,000		453,517
Parkway Life Real Estate Investment Trust (c)		100,000		196,892
Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (c)		100,000		96,469
Ying Li International Real Estate Ltd. *		186,000		70,597
				2,595,045
Software & Services 0.0%
CSE Global Ltd.		100,000		68,003
Transportation 0.2%
SATS Ltd.		200,000		515,558
Utilities 0.2%
Cityspring Infrastructure Trust		465,000		176,492
Hyflux Ltd. (c)		300,000		317,874
Sound Global Ltd. *(c)		200,000		99,632
				593,998
				6,541,102
Spain 1.6%
Capital Goods 0.4%
Abengoa S.A. (c)		35,218		83,526
Construcciones y Auxiliar de Ferrocarriles S.A.		728		303,331
Fomento de Construcciones y Contratas S.A. (c)		1,314		13,317
Gamesa Corp. Tecnologica S.A.		30,867		142,293
Obrascon Huarte Lain S.A.		14,286		526,835
Sacyr Vallehermoso S.A. *(c)		29,158		80,981
				1,150,283
Commercial & Professional Services 0.1%
Prosegur, Compagnia de Seguridad S.A. - Reg’d		60,288		334,410
Consumer Services 0.1%
Melia Hotels International S.A.		20,452		150,818
NH Hoteles S.A. *		40,192		139,598
				290,416
Diversified Financials 0.1%
Bolsas y Mercados Espanoles (c)		10,048		259,728
Energy 0.1%
Tecnicas Reunidas S.A.		6,554		317,165
Food, Beverage & Tobacco 0.3%
Ebro Foods S.A.		20,315		397,820
Viscofan S.A. (c)		5,885		289,977
				687,797
Insurance 0.1%
Grupo Catalana Occidente S.A.		12,771		297,922
Materials 0.1%
Ence Energia Y Celulosa S.A.		51,540		168,660
Tubacex S.A.		43,967		139,034
				307,694
Media 0.1%
Antena 3 de Television S.A.		18,805		123,806

14 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Almirall S.A.		11,954		144,234
Faes Farma S.A.		40,192		108,084
Zeltia S.A. *		40,083		90,908
				343,226
Software & Services 0.1%
Indra Sistemas S.A. (c)		9,636		127,068
				4,239,515
Sweden 3.0%
Capital Goods 0.6%
Concentric AB		3,031		31,806
Haldex AB		5,086		35,656
Lindab International AB *(c)		11,847		96,423
NCC AB, B Shares		15,686		375,218
Peab AB		42,428		220,278
Trelleborg AB, B Shares		48,949		757,027
				1,516,408
Commercial & Professional Services 0.2%
Intrum Justitia AB		5,024		105,627
Loomis AB, B Shares		17,325		334,928
				440,555
Consumer Durables & Apparel 0.1%
JM AB		10,048		217,679
Nobia AB		6,123		35,189
				252,868
Consumer Services 0.2%
Betsson AB *		7,146		173,087
Rezidor Hotel Group AB *		48,240		214,819
SkiStar AB (c)		700		8,135
				396,041
Diversified Financials 0.2%
Avanza Bank Holding AB (c)		8,700		194,693
Investment AB Oresund *		7,030		115,281
L E Lundbergforetagen AB, B Shares		8,952		337,232
				647,206
Food & Staples Retailing 0.2%
Axfood AB		7,585		319,398
ICA Gruppen AB *(a)		2,076		59,810
ICA Gruppen AB *		8,651		249,235
				628,443
Food, Beverage & Tobacco 0.2%
AarhusKarlshamn AB		10,048		526,813
Materials 0.2%
BillerudKorsnas AB		24,128		229,591
Hexpol AB		824		50,950
Hoganas AB, B Shares		5,873		285,389
				565,930
Media 0.0%
Eniro AB *		15,017		44,123
Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Active Biotech AB *(c)		4,595		35,083
Meda AB, A Shares		35,980		462,809
Swedish Orphan Biovitrum AB *		21,801		135,129
				633,021
Real Estate 0.7%
Castellum AB		35,774		537,660
Fabege AB		30,844		341,757
Hufvudstaden AB, A Shares		25,129		330,227
Kungsleden AB		24,738		160,032
Wallenstam AB, B Shares		20,096		273,610
Wihlborgs Fastigheter AB		12,490		202,937
				1,846,223
Retailing 0.1%
CDON Group AB *		7,917		36,685
Mekonomen AB		4,218		129,135
				165,820
Technology Hardware & Equipment 0.1%
Axis Communications AB (c)		8,567		222,971
Transportation 0.0%
SAS AB *		21,174		46,030
				7,932,452
Switzerland 3.5%
Banks 0.2%
Basler Kantonalbank		1,046		103,554
St. Galler Kantonalbank AG - Reg’d		520		202,261
Valiant Holding AG - Reg’d		3,214		281,342
				587,157
Capital Goods 0.9%
AFG Arbonia-Forster Holding AG *		1,860		51,268
Belimo Holding AG - Reg’d		108		246,928
Bucher Industries AG - Reg’d		2,006		471,816
Georg Fischer AG - Reg’d *		1,046		483,704
Huber & Suhner AG - Reg’d		5,265		248,272
Meyer Burger Technology AG *		8,662		70,228
OC Oerlikon Corp. AG - Reg’d *		45,631		553,982
Rieter Holding AG - Reg’d *		1,150		196,420
Schweiter Technologies AG		224		131,888
				2,454,506
Commercial & Professional Services 0.2%
Gategroup Holding AG *		2,512		52,355
Kaba Holding AG, B Shares - Reg’d *		1,046		408,764
				461,119
Consumer Durables & Apparel 0.1%
Forbo Holding AG - Reg’d *		609		374,437
Consumer Services 0.1%
Kuoni Reisen Holding AG - Reg’d *		624		204,185
Diversified Financials 0.1%
Vontobel Holding AG - Reg’d		7,775		244,285
Food, Beverage & Tobacco 0.0%
Emmi AG *		400		118,383
Health Care Equipment & Services 0.1%
Nobel Biocare Holding AG - Reg’d *		16,032		196,307
Straumann Holding AG - Reg’d		409		56,346
				252,653

15

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Insurance 0.2%
Helvetia Holding AG - Reg’d		1,254		517,817
Materials 0.0%
Schmolz + Bickenbach AG - Reg’d *(c)		30,144		98,009
Pharmaceuticals, Biotechnology & Life Sciences 0.4%
Acino Holding AG - Reg’d *		380		37,026
Basilea Pharmaceutica *		377		28,208
Galenica AG - Reg’d		900		581,023
Tecan Group AG - Reg’d		2,923		260,286
				906,543
Real Estate 0.2%
Allreal Holding AG - Reg’d *		2,014		285,226
Mobimo Holding AG - Reg’d *		1,506		322,198
				607,424
Retailing 0.3%
Dufry AG - Reg’d *		4,518		617,247
Valora Holding AG - Reg’d		624		121,015
				738,262
Semiconductors & Semiconductor Equipment 0.1%
Ams AG		1,818		174,866
Software & Services 0.1%
Temenos Group AG - Reg’d *(c)		10,388		232,204
Technology Hardware & Equipment 0.1%
Kudelski S.A.		4,293		53,237
Logitech International S.A. - Reg’d *		35,674		247,220
				300,457
Transportation 0.3%
Flughafen Zuerich AG - Reg’d		624		306,278
Panalpina Welttransport Holding AG - Reg’d		3,844		383,158
				689,436
Utilities 0.1%
Alpiq Holding AG *		377		45,966
BKW AG		3,204		106,511
				152,477
				9,114,220
United Kingdom 20.9%
Banks 0.1%
Paragon Group Cos. plc		81,603		372,269
Capital Goods 3.0%
Ashtead Group plc		91,938		879,533
Balfour Beatty plc		110,062		388,962
Bodycote plc		36,398		303,507
Carillion plc		78,788		306,868
Chemring Group plc		34,264		146,700
DCC plc		15,087		571,835
Fenner plc		34,762		181,824
Galliford Try plc		13,950		202,190
Interserve plc		27,381		202,746
Keller Group plc		10,048		144,416
Kier Group plc		7,030		132,055
Morgan Crucible Co. plc		49,234		218,706
Qinetiq Group plc		123,843		347,916
Rotork plc		16,219		703,264
Senior plc		100,480		418,015
SIG plc		142,384		381,224
Spirax-Sarco Engineering plc *		16,296		700,426
Travis Perkins plc		44,175		1,078,947
Ultra Electronics Holdings plc		13,607		362,668
Vesuvius plc		53,678		309,737
				7,981,539
Commercial & Professional Services 1.3%
Berendsen plc		42,536		492,372
Cape plc		14,438		58,281
De La Rue plc		21,437		310,381
Hays plc		105,612		150,351
Homeserve plc		52,867		212,161
ITE Group plc		44,219		196,831
Michael Page International plc		61,696		359,932
Mitie Group plc		83,507		329,046
Regus plc		171,529		436,373
RPS Group plc		62,846		200,090
Shanks Group plc		70,336		92,240
Sthree plc		20,096		107,474
WS Atkins plc		27,363		365,276
				3,310,808
Consumer Durables & Apparel 1.8%
Barratt Developments plc *		187,400		908,607
Bellway plc		28,634		554,371
Bovis Homes Group plc		24,823		282,821
Persimmon plc *		50,740		938,509
Redrow plc *		87,651		297,801
Taylor Wimpey plc		624,500		938,757
The Berkeley Group Holdings plc		20,862		669,583
				4,590,449
Consumer Services 1.4%
Betfair Group plc		10,048		123,089
Bwin.Party Digital Entertainment plc		140,672		274,055
Dignity plc		14,283		292,985
Domino’s Pizza Group plc		28,996		311,023
Enterprise Inns plc *		75,944		130,222
Greene King plc		47,659		552,034
J.D. Wetherspoon plc		21,068		210,333
Marston’s plc		143,330		310,743
Millennium & Copthorne Hotels plc		38,736		328,875
Mitchells & Butlers plc *		63,436		365,466
Restaurant Group plc		48,841		383,938
Spirit Pub Co. plc		59,150		60,084
Thomas Cook Group plc *		114,956		248,879
				3,591,726
Diversified Financials 1.5%
Close Brothers Group plc		27,471		413,156
F&C Asset Management plc		100,480		146,778
Henderson Group plc		128,116		326,706
IG Group Holdings plc		63,914		561,051
Intermediate Capital Group plc		89,655		636,134
International Personal Finance		49,075		386,522
Jupiter Fund Management plc		50,240		248,311
Provident Financial plc		25,120		586,500
Rathbone Brothers plc		8,192		192,508
SVG Capital plc *		32,064		193,525
Tullett Prebon plc		47,443		211,541
				3,902,732

16 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Energy 1.0%
Afren plc *		186,694		371,357
Anglo Pacific Group plc		10,048		37,437
Bumi plc *(a)(b)		12,054		37,910
Enquest plc *		142,384		277,607
Genel Energy plc *		4,244		60,804
Heritage Oil plc *		20,096		43,234
Hunting plc		30,644		403,732
Lamprell plc *		20,898		50,614
Ophir Energy plc *		47,186		282,649
Premier Oil plc		92,944		507,144
Salamander Energy plc *		71,985		189,898
SOCO International plc *		58,396		341,831
				2,604,217
Food & Staples Retailing 0.2%
Booker Group plc		214,567		410,860
Greggs plc		27,126		167,464
				578,324
Food, Beverage & Tobacco 0.6%
Britvic plc		57,615		462,956
Cranswick plc		18,932		323,481
Dairy Crest Group plc		49,677		366,258
Devro plc		63,649		313,619
Greencore Group plc		20,116		39,647
Premier Foods plc *		29,183		31,856
				1,537,817
Health Care Equipment & Services 0.1%
United Drug plc		49,044		243,663
Household & Personal Products 0.1%
PZ Cussons plc		60,288		341,572
Insurance 1.3%
Amlin plc		87,272		552,143
Beazley plc		145,745		521,917
Catlin Group Ltd.		70,189		535,260
Hiscox Ltd.		64,684		543,784
Jardine Lloyd Thompson Group plc		25,461		342,781
Lancashire Holdings Ltd.		32,450		391,366
Phoenix Group Holdings		19,350		189,807
St. James’s Place plc		35,631		317,368
				3,394,426
Materials 1.6%
Alent plc		53,678		301,599
Aquarius Platinum Ltd. *		52,908		33,690
AZ Electronic Materials S.A.		71,620		347,574
Centamin plc *		160,710		93,660
DS Smith plc		186,918		687,212
Elementis plc		78,372		279,464
Filtrona plc		45,216		478,150
Hochschild Mining plc		37,503		144,193
Kenmare Resources plc *		334,352		155,520
Mondi plc		68,574		906,055
New World Resources plc		10,337		15,672
Petra Diamonds Ltd. *		28,659		50,228
Petropavlovsk plc		30,436		63,633
RPC Group plc		25,120		152,833
Synthomer plc		26,212		81,268
Victrex plc		16,530		426,541
				4,217,292
Media 0.3%
Rightmove plc		16,072		498,544
UBM plc		35,168		388,423
				886,967
Pharmaceuticals, Biotechnology & Life Sciences 0.5%
BTG plc *		70,336		383,358
Dechra Pharmaceuticals plc		15,072		156,299
Genus plc		11,695		253,018
Hikma Pharmaceuticals plc		29,723		437,112
				1,229,787
Real Estate 1.3%
Big Yellow Group plc		36,286		227,535
Capital & Counties Properties plc		122,141		606,088
Derwent London plc		16,206		586,730
Grainger plc		76,967		180,285
Great Portland Estates plc		63,319		531,829
Helical Bar plc		30,906		124,170
Londonmetric Property plc		109,869		190,892
Savills plc		34,814		313,258
Shaftesbury plc		43,859		409,274
Unite Group plc		41,335		226,357
				3,396,418
Retailing 1.5%
Darty plc		59,070		63,809
Debenhams plc		281,350		401,175
Dixons Retail plc *		501,623		315,764
Dunelm Group plc		15,072		204,856
Halfords Group plc		43,131		215,136
Home Retail Group plc		146,417		346,959
Howden Joinery Group plc		135,648		481,646
Inchcape plc		77,366		643,947
Mothercare plc *		9,228		48,932
N Brown Group plc		60,288		419,081
Ocado Group plc *(c)		57,292		236,087
Sports Direct International plc *		15,076		116,912
SuperGroup plc *		3,744		43,821
WH Smith plc		24,114		276,571
				3,814,696
Semiconductors & Semiconductor Equipment 0.2%
CSR plc		33,067		276,734
Imagination Technologies Group plc *		39,298		209,363
				486,097
Software & Services 0.7%
Aveva Group plc		12,212		447,683
Computacenter plc *		20,096		140,973
Fidessa Group plc		9,793		289,668
Micro Focus International plc		37,187		386,762
Playtech plc		9,969		101,113
SDL plc		10,048		58,300
Telecity Group plc		28,132		413,927
Xchanging plc		22,445		46,024
				1,884,450
Technology Hardware & Equipment 1.1%
Domino Printing Sciences plc		17,134		176,643
Electrocomponents plc		91,989		375,578
Halma plc		55,264		433,172
Laird plc		56,350		179,920
Oxford Instruments plc		12,684		323,644

17

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Pace plc		41,908		160,113
Premier Farnell plc		90,432		292,169
Renishaw plc		5,024		133,295
Spectris plc		16,285		515,274
Spirent Communications plc		142,384		289,480
				2,879,288
Telecommunication Services 0.3%
Cable & Wireless Communications plc		240,256		158,377
Colt Group S.A. *		118,598		195,090
Kcom Group plc		90,432		114,961
TalkTalk Telecom Group plc		100,480		348,092
				816,520
Transportation 0.7%
BBA Aviation plc		85,408		363,082
FirstGroup plc		90,142		170,694
Go-Ahead Group plc		14,188		330,615
National Express Group plc		112,888		343,839
Stagecoach Group plc		111,386		499,524
Stobart Group Ltd. (c)		118,598		160,028
				1,867,782
Utilities 0.3%
APR Energy plc (c)		10,558		132,858
Pennon Group plc		57,507		595,919
Telecom Plus plc		1,216		24,427
				753,204
				54,682,043
Total Common Stock
(Cost $241,815,006)				257,247,188
Other Investment Companies 0.5% of net assets
Switzerland 0.3%
BB Biotech AG - Reg’d *		2,558		317,218
Schroder ImmoPLUS		216		242,426
Swisscanto Real Estate Fund Ifca		1,998		246,939
				806,583
United Kingdom 0.1%
F&C Commercial Property Trust Ltd.		106,746		176,079
United States 0.1%
iShares MSCI EAFE Small Cap Index Fund		500		21,855
State Street Institutional U.S. Government Money Market Fund		292,911		292,911
				314,766
Total Other Investment Companies
(Cost $1,181,091)				1,297,428
Preferred Stock 0.5% of net assets
Germany 0.4%
Capital Goods 0.1%
Jungheinrich AG		2,861		134,225
KSB AG		208		117,127
				251,352
Health Care Equipment & Services 0.0%
Draegerwerk AG & Co. KGaA		673		84,168
Media 0.3%
ProSiebenSat.1 Media AG		20,023		801,849
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
Biotest AG		1,000		71,539
				1,208,908
Italy 0.1%
Insurance 0.1%
Unipol Gruppo Finanziario S.p.A.		55,800		175,296
Total Preferred Stock
(Cost $1,078,008)				1,384,204
Rights 0.0% of net assets
Greece 0.0%
Banks 0.0%
National Bank of Greece S.A. *		21,000		21,773
Diversified Financials 0.0%
Marfin Investment Group Holdings S.A. *		150,032		194
				21,967
Sweden 0.0%
Retailing 0.0%
CDON Group AB *		7,542		7,829
Total Rights
(Cost $36,590)				29,796
Warrants 0.0% of net assets
Greece 0.0%
Banks 0.0%
Alpha Bank AE *(a)		128,042		—

18 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Israel 0.0%
Real Estate 0.0%
Africa Israel Investments Ltd. *		3,484		674
Total Warrants
(Cost $—)				674
End of Investments
Collateral Invested for Securities on Loan 4.3% of net assets
State Street Institutional U.S. Government Money Market Fund		11,389,205		11,389,205
Total Collateral Invested for Securities on Loan
(Cost $11,389,205)				11,389,205
End of Collateral Invested for Securities on Loan

At 05/31/13, the tax basis cost of the fund’s investments was $244,122,432 and the unrealized appreciation and depreciation were $37,396,791 and ($21,559,933), respectively, with a net unrealized appreciation of $15,836,858.

*	Non-income producing security.
(a)	Fair-valued by management in accordance with procedures approved by the Board of Trustees.
(b)	Illiquid security. At the period end, the value of these amounted to $60,377 or 0.0% of net assets.
(c)	All or a portion of this security is on loan.

Reg’d —	Registered
REIT —	Real Estate Investment Trust
RSP —	Risparmio (Convertible Savings Shares)

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

19

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

20 

 Schwab International Small-Cap Equity ETF

Portfolio Holdings (Unaudited) continued

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Common Stock1		$177,130,439		$—		$—		$177,130,439
Australia1		15,337,696		—		—		15,337,696
Consumer Durables & Apparel		200,357		—		19,693		220,050
Greece1		1,573,646		—		—		1,573,646
Banks		348,395		—		22,467		370,862
Sweden1		7,304,009		—		—		7,304,009
Food & Staples Retailing		568,633		—		59,810		628,443
United Kingdom1		52,077,826		—		—		52,077,826
Energy		2,566,307		—		37,910		2,604,217
Other Investment Companies1		1,297,428		—		—		1,297,428
Preferred Stock1		1,384,204		—		—		1,384,204
Rights1		29,796		—		—		29,796
Warrants1		674		—		—		674
Total		$259,819,410		$—		$139,880		$259,959,290
Other Financial Instruments
Collateral Invested for Securities on Loan		$11,389,205		$—		$—		$11,389,205

¹ As categorized in Portfolio Holdings.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:

	Balance					Change in												Balance
	as of		Realized			Unrealized								Gross		Gross		as of
	August 31,		Gains			Gains			Gross		Gross			Transfers		Transfers		May 31,
Investments in Securities	2012		(Losses)			(Losses)			Purchases		Sales			in		out		2013
Common Stock
Australia		$—		$—			($35,084	)		$14,648		$—			$40,129		$—		$19,693
Greece		—		—			(61,044	)		31,329		—			52,182		—		22,467
Sweeden		—		—			22,123			37,687		—			—		—		59,810
United Kingdom		—		(167,401	)		126,241			53,398		(43,829	)		69,501		—		37,910
Rights
Australia		19,152		1,242			(19,152	)		—		(1,242	)		—		—		—
Norway		1,383		—			(1,383	)		—		—			—		—		—
Total		$20,535		($166,159	)		$31,701			$137,062		($45,071	)		$161,812		$—		$139,880

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were transfers in and out of Level 3 from Level 1 or Level 2 due to the result of fair valued securities for which no quoted value was available. There were no transfers between Level 1 and Level 2 for the period ended May 31, 2013.

REG56691MAY13

21

Schwab Strategic Trust
Schwab Emerging Markets Equity ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	93	.5%	Common Stock		797,467,523		793,534,002
	0	.0%	Corporate Bonds		1,836		255
	0	.3%	Other Investment Companies		2,210,001		2,178,726
	5	.7%	Preferred Stock		59,980,343		48,584,138
	0	.0%	Rights		—		62,301
	99	.5%	Total Investments		859,659,703		844,359,422
	0	.8%	Collateral Invested for Securities on Loan		6,850,012		6,850,012
	(0	.3)%	Other Assets and Liabilities, Net				(2,224,598	)
	100	.0%	Net Assets				848,984,836

	Number		Value
Security	of Shares		($)
Common Stock 93.5% of net assets
Brazil 9.0%
Banks 2.0%
Banco Bradesco S.A.		170,000		2,845,889
Banco Bradesco S.A. ADR		514,745		8,302,837
Banco do Brasil S.A.		272,000		3,239,690
Banco Santander Brasil S.A. ADR		196,180		1,398,763
Itau Unibanco Holding S.A.		74,800		1,108,382
				16,895,561
Capital Goods 0.3%
Embraer S.A. ADR		45,676		1,656,668
Weg S.A.		68,000		903,032
				2,559,700
Consumer Durables & Apparel 0.1%
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes		82,960		661,330
MRV Engenharia e Participacoes S.A.		81,600		254,456
PDG Realty S.A. Empreendimentos e Participacoes		304,640		329,989
				1,245,775
Diversified Financials 0.5%
BM&FBOVESPA S.A.		548,796		3,615,664
CETIP S.A. - Mercados Organizados		35,713		389,359
Grupo BTG Pactual		45,676		701,455
				4,706,478
Energy 1.4%
Cosan S.A. Industria e Comercio		34,000		754,121
OGX Petroleo e Gas Participacoes S.A. *		306,000		198,016
Petroleo Brasileiro S.A. ADR		465,028		8,263,548
Ultrapar Participacoes S.A. ADR		102,000		2,573,460
				11,789,145
Food & Staples Retailing 0.0%
Raia Drogasil S.A.		34,000		366,378
Food, Beverage & Tobacco 1.1%
BRF S.A. ADR		245,723		5,732,717
Companhia de Bebidas das Americas ADR		34,000		1,276,700
JBS S.A.		142,800		468,735
Souza Cruz S.A.		136,000		1,853,893
				9,332,045
Household & Personal Products 0.2%
Hypermarcas S.A.		67,976		545,070
Natura Cosmeticos S.A.		58,000		1,379,457
				1,924,527
Insurance 0.1%
BB Seguridade Participacoes S.A. *		68,000		588,948
Porto Seguro S.A.		27,200		336,341
Sul America S.A.		33,001		214,327
				1,139,616
Materials 0.9%
Companhia Siderurgica Nacional S.A. ADR (a)		227,120		715,428
Duratex S.A. *		89,137		618,615
Fibria Celulose S.A. ADR *(a)		34,000		373,320
Gerdau S.A.		34,000		192,118
Usinas Siderurgicas de Minas Gerais S.A. *		68,000		287,937
Vale S.A. ADR (a)		368,900		5,312,160
				7,499,578
Real Estate 0.2%
BR Malls Participacoes S.A.		106,160		1,095,177
Multiplan Empreendimentos Imobiliarios S.A.		17,000		446,334
				1,541,511
Retailing 0.2%
Cia Hering		20,222		364,983
Lojas Americanas S.A.		30,370		227,289
Lojas Renner S.A.		34,000		1,187,780
				1,780,052
Software & Services 0.4%
Cielo S.A.		98,600		2,542,965
Totvs S.A.		34,000		601,862
				3,144,827

1

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Telecommunication Services 0.4%
Oi S.A. ADR (a)		257,049		480,682
Oi S.A. ADR		66,300		128,622
Telefonica Brasil S.A. ADR		52,700		1,302,217
Tim Participacoes S.A.		42,225		161,372
Tim Participacoes S.A. ADR		49,859		955,298
				3,028,191
Transportation 0.5%
All America Latina Logistica S.A.		205,360		1,025,572
CCR S.A.		306,000		2,803,798
Localiza Rent a Car S.A.		13,650		210,714
				4,040,084
Utilities 0.7%
Centrais Eletricas Brasileiras S.A. ADR		114,920		296,494
Companhia de Saneamento Basico do Estado de Sao Paulo ADR		81,600		1,037,952
Companhia Energetica de Minas Gerais ADR (a)		158,214		1,648,590
CPFL Energia S.A. ADR (a)		33,660		716,621
EDP - Energias do Brasil S.A.		102,000		605,050
Light S.A.		34,000		276,936
Tractebel Energia S.A.		68,000		1,178,214
				5,759,857
				76,753,325
Chile 2.1%
Banks 0.5%
Banco de Chile		43,757		6,458
Banco de Chile ADR (a)		15,585		1,387,040
Banco de Credito e Inversiones		6,863		415,188
Banco Santander Chile ADR		45,916		1,118,055
Corpbanca S.A.		50,259,239		598,099
Sociedad Matriz Banco de Chile S.A., B Shares		1,317,992		493,521
				4,018,361
Energy 0.2%
Empresas Copec S.A.		126,480		1,686,788
Food & Staples Retailing 0.2%
Cencosud S.A.		260,850		1,383,748
Food, Beverage & Tobacco 0.0%
Cia Cervecerias Unidas S.A.		25,500		342,386
Materials 0.4%
Cap S.A.		27,540		685,412
Empresas CMPC S.A.		328,440		1,081,405
Sociedad Quimica y Minera de Chile S.A. ADR		31,370		1,456,509
				3,223,326
Retailing 0.2%
S.A.C.I. Falabella		125,460		1,442,112
Telecommunication Services 0.0%
Empresa Nacional de Telecomunicaciones S.A.		13,600		250,522
Transportation 0.2%
Latam Airlines Group S.A.		91,466		1,631,753
Utilities 0.4%
Colbun S.A.		3,115,420		885,219
Empresa Nacional de Electricidad S.A. ADR		37,087		1,779,805
Enersis S.A. ADR		68,000		1,139,680
				3,804,704
				17,783,700
China 20.3%
Automobiles & Components 0.6%
Brilliance China Automotive Holdings Ltd. *		836,000		962,776
BYD Co., Ltd., H Shares *(a)		80,000		351,935
Dongfeng Motor Group Co., Ltd., H Shares		750,000		1,182,563
Geely Automobile Holdings Ltd.		1,005,000		498,435
Great Wall Motor Co., Ltd., H Shares		347,000		1,660,619
Guangzhou Automobile Group Co., Ltd., H Shares		681,662		727,078
				5,383,406
Banks 5.4%
Agricultural Bank of China Ltd., H Shares		5,440,000		2,550,832
Bank of China Ltd., H Shares		20,938,000		9,925,779
Bank of Communications Co., Ltd., H Shares		2,866,200		2,196,874
China CITIC Bank Corp., Ltd., H Shares		2,782,800		1,502,027
China Construction Bank Corp., H Shares		18,020,000		14,624,362
China Merchants Bank Co., Ltd., H Shares		966,158		1,951,533
China Minsheng Banking Corp., Ltd., H Shares		1,468,600		1,799,143
Industrial & Commercial Bank of China Ltd., H Shares		16,552,336		11,663,482
				46,214,032
Capital Goods 0.9%
Beijing Enterprises Holdings Ltd.		170,000		1,391,701
China Communications Construction Co., Ltd., H Shares		1,360,000		1,278,920
China International Marine Containers Group Co., Ltd., H Shares *		533,900		929,861
China Railway Construction Corp., Ltd., H Shares		510,000		507,188
China Railway Group Ltd., H Shares		880,000		459,113
Citic Pacific Ltd. (a)		340,000		402,509
CSR Corp., Ltd., H Shares (a)		708,000		512,568
Shanghai Electric Group Co., Ltd., H Shares		680,000		253,156
Shanghai Industrial Holdings Ltd.		340,000		1,044,597

2 

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Shanghai Waigaoqiao Free Trade Zone Development Co., Ltd., B Shares		68,000		80,104
Shanghai Zhenhua Heavy Industry Co., Ltd., B Shares *		1,054,000		414,222
Zhuzhou CSR Times Electric Co., Ltd., H Shares		74,000		232,597
Zoomlion Heavy Industry Science & Technology Co., Ltd., H Shares (a)		287,700		277,590
				7,784,126
Consumer Durables & Apparel 0.2%
Anta Sports Products Ltd. (a)		340,000		315,350
Haier Electronics Group Co., Ltd. *		340,000		604,421
Shenzhou International Group Holdings Ltd.		126,000		429,317
				1,349,088
Diversified Financials 0.2%
China Everbright Ltd.		100,000		161,797
CITIC Securities Co., Ltd., H Shares		320,000		700,778
Far East Horizon Ltd.		418,000		284,310
Haitong Securities Co., Ltd., H Shares *		211,600		319,466
				1,466,351
Energy 3.1%
China Coal Energy Co., H Shares		1,192,000		776,977
China Oilfield Services Ltd., H Shares		680,000		1,438,347
China Petroleum & Chemical Corp., H Shares		4,760,000		4,917,710
China Shenhua Energy Co., Ltd., H Shares		680,000		2,229,350
CNOOC Ltd.		4,140,000		7,317,051
Inner Mongolia Yitai Coal Co., Ltd., B Shares		238,000		1,188,572
Kunlun Energy Co., Ltd.		680,000		1,305,199
PetroChina Co., Ltd., H Shares		5,440,000		6,335,034
Yanzhou Coal Mining Co., Ltd., H Shares		680,000		697,274
				26,205,514
Food & Staples Retailing 0.1%
China Resources Enterprise Ltd.		328,000		1,071,108
Wumart Stores, Inc., H Shares		80,000		163,240
				1,234,348
Food, Beverage & Tobacco 0.2%
China Yurun Food Group Ltd. *(a)		340,000		234,323
Tsingtao Brewery Co., Ltd., H Shares		116,000		807,672
Yantai Changyu Pioneer Wine Co., Ltd., B Shares		55,780		319,973
				1,361,968
Health Care Equipment & Services 0.2%
Shandong Weigao Group Medical Polymer Co., Ltd., H Shares		176,000		220,147
Shanghai Pharmaceuticals Holding Co., Ltd., H Shares		170,000		331,556
Sinopharm Group Co., H Shares		289,200		782,347
				1,334,050
Household & Personal Products 0.2%
Hengan International Group Co., Ltd.		170,000		1,885,531
Insurance 1.6%
China Life Insurance Co., Ltd., H Shares		2,040,000		5,268,975
China Pacific Insurance (Group) Co., Ltd., H Shares		500,100		1,691,094
China Taiping Insurance Holdings Co., Ltd. *		340,000		604,421
New China Life Insurance Co., Ltd., H Shares		40,200		138,267
People’s Insurance Co. Group of China Ltd., H Shares *(a)		316,000		157,129
PICC Property & Casualty Co., Ltd., H Shares		1,160,000		1,370,279
Ping An Insurance (Group) Co., H Shares		530,000		3,946,257
				13,176,422
Materials 0.8%
Aluminum Corp. of China Ltd., H Shares *(a)		680,000		276,807
Anhui Conch Cement Co., Ltd., H Shares		340,000		1,110,295
BBMG Corp., H Shares		340,000		247,024
China BlueChemical Ltd., H Shares		1,360,000		844,437
China National Building Material Co., Ltd., H Shares		680,000		725,305
China Resources Cement Holdings Ltd. (a)		680,000		359,149
China Zhongwang Holdings Ltd. *(a)		544,000		189,911
Fosun International		510,000		429,008
Jiangxi Copper Co., Ltd., H Shares		343,000		667,195
Lee & Man Paper Manufacturing Ltd.		680,000		458,134
Maanshan Iron & Steel Co., Ltd., H Shares *(a)		680,000		162,931
Nine Dragons Paper Holdings Ltd.		340,000		261,478
Zhaojin Mining Industry Co., Ltd., H Shares		170,000		168,625
Zijin Mining Group Co., Ltd., H Shares (a)		2,040,000		567,630
				6,467,929
Real Estate 1.4%
Agile Property Holdings Ltd.		354,000		428,660
China Overseas Land & Investment Ltd.		894,000		2,666,061
China Resources Land Ltd.		680,000		2,089,195
China Vanke Co., Ltd., B Shares		561,300		1,127,980
Country Garden Holdings Co., Ltd.		680,000		390,684

3

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Evergrande Real Estate Group Ltd. (a)		1,020,000		409,955
Greentown China Holdings Ltd. *		340,000		605,297
Guangzhou R&F Properties Co., Ltd., H Shares		314,800		586,387
Hopson Development Holdings Ltd. *		256,000		443,222
KWG Property Holding Ltd.		510,000		337,687
Longfor Properties Co., Ltd.		170,000		289,071
Renhe Commercial Holdings Co., Ltd. *(a)		3,400,000		216,803
Shimao Property Holdings Ltd.		340,000		739,321
Sino-Ocean Land Holdings Ltd.		1,360,000		832,174
SOHO China Ltd.		170,000		144,097
Yuexiu Property Co., Ltd.		3,400,000		1,011,748
				12,318,342
Retailing 0.3%
Belle International Holdings Ltd.		1,200,000		1,851,909
Golden Eagle Retail Group Ltd. (a)		167,000		265,899
GOME Electrical Appliances Holdings Ltd. *		3,740,000		385,428
Zhongsheng Group Holdings Ltd. (a)		170,000		214,175
				2,717,411
Semiconductors & Semiconductor Equipment 0.1%
GCL- Poly Energy Holdings Ltd. (a)		2,380,000		557,995
Software & Services 1.1%
Tencent Holdings Ltd.		238,000		9,436,853
Technology Hardware & Equipment 0.3%
BOE Technology Group Co., Ltd., B Shares *		360,800		105,040
Kingboard Chemical Holdings Ltd.		204,000		438,862
Kingboard Laminates Holdings Ltd.		170,000		71,830
Lenovo Group Ltd.		1,840,000		1,893,853
ZTE Corp., H Shares *(a)		221,760		359,373
				2,868,958
Telecommunication Services 2.2%
China Mobile Ltd.		1,360,000		14,444,788
China Telecom Corp., Ltd., H Shares		5,440,000		2,606,894
China Unicom (Hong Kong) Ltd.		1,360,000		1,867,574
				18,919,256
Transportation 0.6%
Air China Ltd., H Shares		1,142,000		944,458
China COSCO Holdings Co., Ltd., H Shares *(a)		871,000		375,876
China Merchants Holdings International Co., Ltd.		680,000		2,260,009
Cosco Pacific Ltd.		680,000		998,609
Zhejiang Expressway Co., Ltd., H Shares		680,000		602,669
				5,181,621
Utilities 0.8%
China Gas Holdings Ltd.		680,000		680,631
China Longyuan Power Group Corp., H Shares		680,000		678,879
China Resources Power Holdings Co., Ltd.		680,000		1,791,364
Datang International Power Generation Co., Ltd., H Shares		2,040,000		840,933
ENN Energy Holdings Ltd.		238,000		1,341,333
Huaneng Power International, Inc., H Shares		1,020,000		1,048,539
				6,381,679
				172,244,880
Colombia 0.9%
Banks 0.2%
Bancolombia S.A. ADR		31,702		1,835,546
Diversified Financials 0.2%
Corp. Financiera Colombiana S.A.		40,120		767,692
Grupo de Inversiones Suramericana S.A.		45,220		918,798
				1,686,490
Energy 0.3%
Ecopetrol S.A. ADR (a)		64,825		2,810,164
Food & Staples Retailing 0.1%
Almacenes Exito S.A.		43,520		705,582
Materials 0.0%
Cementos Argos S.A.		68,000		277,754
Utilities 0.1%
Interconexion Electrica S.A. ESP		96,560		401,490
Isagen S.A. ESP		212,160		291,087
				692,577
				8,008,113
Czech Republic 0.3%
Banks 0.1%
Komercni Banka A/S		4,420		835,884
Telecommunication Services 0.0%
Telefonica Czech Republic A/S		24,298		353,657
Utilities 0.2%
CEZ A/S		44,540		1,233,972
				2,423,513
Egypt 0.4%
Banks 0.1%
Commercial International Bank GDR - Reg’d		207,400		1,037,000
Capital Goods 0.1%
Orascom Construction Industries GDR *		30,260		889,039
Telecommunication Services 0.2%
Orascom Telecom Holding SAE GDR - Reg’d *		303,632		989,840

4 

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Orascom Telecom Media & Technology Holding SAE GDR (b)(d)		176,826		62,031
				1,051,871
				2,977,910
Hungary 0.4%
Banks 0.2%
OTP Bank plc		63,580		1,362,530
Energy 0.1%
MOL Hungarian Oil & Gas plc		14,280		1,039,228
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Richter Gedeon Nyrt.		3,740		581,815
				2,983,573
India 8.9%
Automobiles & Components 0.6%
Bajaj Auto Ltd.		32,832		1,058,169
Hero Motocorp Ltd.		21,761		668,933
Mahindra & Mahindra Ltd.		63,240		1,083,259
Maruti Suzuki India Ltd.		20,400		579,875
Tata Motors Ltd.		239,700		1,329,521
				4,719,757
Banks 1.7%
Axis Bank Ltd.		79,712		2,018,801
Bank of Baroda		25,228		291,048
Canara Bank		56,440		411,672
HDFC Bank Ltd.		284,150		3,523,893
Housing Development Finance Corp., Ltd.		242,559		3,822,500
ICICI Bank Ltd.		130,721		2,671,698
IndusInd Bank Ltd.		41,140		376,768
State Bank of India		39,100		1,416,799
Yes Bank Ltd.		33,660		290,387
				14,823,566
Capital Goods 0.3%
Bharat Heavy Electricals Ltd.		190,400		676,015
Cummins India Ltd.		40,800		327,498
Jaiprakash Associates Ltd.		317,220		368,691
Larsen & Toubro Ltd.		54,492		1,351,326
Siemens Ltd.		20,740		218,654
				2,942,184
Consumer Durables & Apparel 0.1%
Titan Industries Ltd.		126,600		657,934
Diversified Financials 0.4%
Bajaj Holdings & Investment Ltd.		39,100		640,718
IDFC Ltd.		318,240		815,249
Kotak Mahindra Bank Ltd.		85,680		1,187,628
Power Finance Corp., Ltd.		68,000		220,366
Rural Electrification Corp., Ltd.		68,000		266,173
Shriram Transport Finance Co., Ltd.		13,600		196,386
				3,326,520
Energy 1.3%
Bharat Petroleum Corp., Ltd.		99,960		666,901
Cairn India Ltd.		62,560		316,261
Coal India Ltd.		137,020		787,650
Essar Oil Ltd. *		106,760		145,062
Hindustan Petroleum Corp., Ltd.		94,520		471,387
Indian Oil Corp., Ltd.		93,840		474,890
Oil & Natural Gas Corp., Ltd.		432,140		2,508,608
Reliance Industries Ltd.		341,102		4,869,090
The Great Eastern Shipping Co., Ltd.		103,360		448,683
				10,688,532
Food, Beverage & Tobacco 0.6%
ITC Ltd.		593,300		3,570,199
Nestle India Ltd.		8,840		829,811
United Spirits Ltd.		19,040		813,881
				5,213,891
Household & Personal Products 0.3%
Colgate-Palmolive (India) Ltd.		27,200		698,263
Dabur India Ltd.		53,720		148,696
Hindustan Unilever Ltd.		188,360		1,975,804
				2,822,763
Materials 0.7%
Ambuja Cements Ltd.		59,160		190,986
Asian Paints Ltd.		7,258		624,881
Hindalco Industries Ltd.		445,060		806,836
Jindal Steel & Power Ltd.		116,620		587,281
JSW Steel Ltd.		57,120		691,689
Sesa Goa Ltd.		117,300		340,364
Sterlite Industries (India) Ltd. ADR		117,116		775,308
Tata Chemicals Ltd.		91,120		486,694
Tata Steel Ltd.		66,640		344,201
Ultratech Cement Ltd.		23,800		791,423
				5,639,663
Media 0.1%
Zee Entertainment Enterprises Ltd.		178,160		713,145
Pharmaceuticals, Biotechnology & Life Sciences 0.6%
Cipla Ltd.		156,805		1,028,664
Dr. Reddys Laboratories Ltd.		27,880		1,032,574
Lupin Ltd.		75,480		985,777
Piramal Healthcare Ltd.		22,100		209,497
Sun Pharmaceutical Industries Ltd.		96,900		1,791,153
Wockhardt Ltd. *		7,140		154,632
				5,202,297
Real Estate 0.1%
DLF Ltd.		134,980		465,267
Unitech Ltd. *		752,248		315,629
				780,896
Software & Services 1.3%
HCL Technologies Ltd.		66,640		878,761
Infosys Ltd.		132,650		5,663,663
Mphasis Ltd.		46,580		401,766
Oracle Financial Services Software Ltd. *		4,760		220,624
Satyam Computer Services Ltd. *		287,980		563,367
Tata Consultancy Services Ltd.		82,960		2,200,786

5

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Wipro Ltd. ADR		127,919		976,022
				10,904,989
Telecommunication Services 0.4%
Bharti Airtel Ltd.		414,800		2,217,383
Idea Cellular Ltd. *		450,160		1,044,409
				3,261,792
Transportation 0.0%
Adani Ports & Special Economic Zone Ltd.		102,000		274,570
Container Corp. Of India Ltd.		6,800		137,764
				412,334
Utilities 0.4%
GAIL India Ltd.		112,880		611,612
NHPC Ltd.		170,000		57,936
NTPC Ltd.		398,820		1,088,750
Power Grid Corp. of India Ltd.		326,740		655,389
Reliance Infrastructure Ltd.		30,600		195,757
Reliance Power Ltd. *		189,720		231,251
Tata Power Co., Ltd.		340,000		538,125
				3,378,820
				75,489,083
Indonesia 3.4%
Automobiles & Components 0.4%
PT Astra International Tbk		5,099,800		3,670,606
Banks 1.1%
PT Bank Danamon Indonesia Tbk		340,000		199,592
PT Bank Central Asia Tbk		3,230,000		3,413,017
PT Bank Mandiri (Persero) Tbk		2,210,459		2,189,020
PT Bank Negara Indonesia (Persero) Tbk		1,020,316		507,814
PT Bank Rakyat Indonesia (Persero) Tbk		3,400,000		3,089,331
				9,398,774
Capital Goods 0.1%
PT United Tractors Tbk		680,000		1,131,598
Energy 0.2%
PT Adaro Energy Tbk		3,740,000		355,100
PT Bumi Resources Tbk		5,610,000		378,009
PT Indo Tambangraya Megah Tbk		51,500		157,734
PT Tambang Batubara Bukit Asam (Persero) Tbk		340,000		423,481
				1,314,324
Food, Beverage & Tobacco 0.4%
PT Astra Agro Lestari Tbk		153,000		304,594
PT Charoen Pokphand Indonesia Tbk		2,099,000		1,060,750
PT Gudang Garam Tbk		129,200		705,687
PT Indofood Sukses Makmur Tbk		1,213,400		910,515
				2,981,546
Household & Personal Products 0.1%
PT Unilever Indonesia Tbk		382,000		1,189,484
Materials 0.3%
PT Indocement Tunggal Prakarsa Tbk		340,000		824,400
PT Semen Indonesia (Persero) Tbk		750,000		1,378,254
PT Vale Indonesia Tbk		850,000		221,287
				2,423,941
Pharmaceuticals, Biotechnology & Life Sciences 0.1%
PT Kalbe Farma Tbk		8,500,000		1,258,295
Telecommunication Services 0.4%
PT Indosat Tbk		209,000		110,955
PT Telekomunikasi Indonesia (Persero) Tbk		2,720,000		3,068,504
				3,179,459
Transportation 0.1%
PT Jasa Marga Persero Tbk		684,000		467,871
Utilities 0.2%
PT Perusahaan Gas Negara (Persero) Tbk		2,720,000		1,527,310
				28,543,208
Malaysia 4.8%
Automobiles & Components 0.1%
UMW Holdings Berhad		238,000		1,107,441
Banks 1.4%
Alliance Financial Group Berhad		547,400		877,889
CIMB Group Holdings Berhad		1,273,000		3,401,239
Hong Leong Bank Berhad		175,600		803,488
Malayan Banking Berhad		1,231,200		4,044,406
Public Bank Berhad - Foreign Market		357,200		1,943,334
RHB Capital Berhad		175,600		496,372
				11,566,728
Capital Goods 0.5%
Gamuda Berhad		750,200		1,169,237
IJM Corp. Berhad		348,500		643,246
Sime Darby Berhad		782,000		2,377,038
				4,189,521
Consumer Services 0.4%
Berjaya Sports Toto Berhad		317,546		436,511
Genting Berhad		680,000		2,220,587
Genting Malaysia Berhad		796,900		1,002,875
				3,659,973
Diversified Financials 0.2%
AMMB Holdings Berhad		544,000		1,286,712
Energy 0.1%
Petronas Dagangan Berhad		102,000		822,846
Food, Beverage & Tobacco 0.5%
British American Tobacco Malaysia Berhad		34,000		697,115
Felda Global Ventures Holdings Berhad		136,000		193,534
IOI Corp. Berhad		1,179,400		1,940,929
Kuala Lumpur Kepong Berhad		141,800		969,127
PPB Group Berhad		141,800		622,291
				4,422,996

6 

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Health Care Equipment & Services 0.1%
IHH Healthcare Berhad *		510,000		656,631
Materials 0.2%
Lafarge Malaysia Berhad		102,000		355,470
Petronas Chemicals Group Berhad		612,000		1,303,388
				1,658,858
Real Estate 0.1%
SP Setia Berhad		558,200		664,652
UEM Land Holdings Berhad *		340,000		383,995
				1,048,647
Telecommunication Services 0.8%
Axiata Group Berhad		1,479,500		3,222,531
DiGi.com Berhad		1,326,000		2,032,430
Maxis Berhad		581,200		1,267,800
Telekom Malaysia Berhad		170,000		301,162
				6,823,923
Utilities 0.4%
Petronas Gas Berhad		188,300		1,290,575
Tenaga Nasional Berhad		340,250		916,776
YTL Corp. Berhad		1,301,040		709,505
YTL Power International Berhad		850,000		416,909
				3,333,765
				40,578,041
Mexico 5.7%
Banks 0.7%
Grupo Financiero Banorte S.A.B. de C.V., O Shares		589,000		3,752,791
Grupo Financiero Inbursa S.A.B. de C.V., O Shares		544,000		1,243,123
Grupo Financiero Santander Mexico S.A.B. de C.V., B Shares		340,000		1,092,026
				6,087,940
Capital Goods 0.3%
Alfa S.A.B. de C.V., A Shares		526,600		1,237,837
Grupo Carso S.A.B. de C.V., Series A1		238,000		1,245,217
				2,483,054
Food & Staples Retailing 0.5%
Organizacion Soriana S.A.B. de C.V., B Shares		41,800		153,118
Wal-Mart de Mexico S.A.B. de C.V., Series V		1,496,000		4,397,994
				4,551,112
Food, Beverage & Tobacco 1.3%
Arca Continental S.A.B. de C.V.		102,000		802,603
Coca-Cola Femsa S.A.B. de C.V., Series L		114,200		1,662,714
Fomento Economico Mexicano S.A.B. de C.V.		567,200		6,157,102
Grupo Bimbo S.A.B. de C.V., Series A		476,000		1,403,442
Grupo Modelo S.A.B. de C.V., Series C		170,000		1,528,465
				11,554,326
Household & Personal Products 0.1%
Kimberly-Clark de Mexico S.A.B. de C.V., A Shares		204,000		694,646
Materials 1.1%
Cemex S.A.B. de C.V., Series CPO *		2,663,440		3,099,232
Grupo Mexico S.A.B. de C.V., Series B		1,054,000		3,475,642
Industrias Penoles S.A.B. de C.V.		34,000		1,285,946
Mexichem S.A.B. de C.V.		219,397		1,004,763
Minera Frisco S.A.B. de C.V., Series A1 *		170,000		628,822
				9,494,405
Media 0.5%
Grupo Televisa S.A.B., Series CPO		767,600		3,999,933
Retailing 0.1%
Grupo Elektra S.A. de C.V.		11,900		437,273
Telecommunication Services 1.1%
America Movil S.A.B. de C.V., Series L		9,035,900		9,049,527
				48,352,216
Pakistan 0.0%
Energy 0.0%
Oil & Gas Development Co., Ltd. GDR - Reg’d (c)(d)		9,984		209,664
Peru 0.4%
Banks 0.3%
Corp. Financiera Colombiana S.A. *		1,078		19,916
Credicorp Ltd.		15,744		2,166,689
				2,186,605
Materials 0.1%
Companhia de Minas Buenaventura S.A. ADR		65,620		1,177,879
				3,364,484
Philippines 1.5%
Banks 0.3%
Bank of the Philippine Islands		588,439		1,426,898
BDO Unibank, Inc. *		474,340		1,044,738
Metropolitan Bank & Trust		146,200		436,836
				2,908,472
Capital Goods 0.4%
Aboitiz Equity Ventures, Inc.		476,000		608,091
Alliance Global Group, Inc.		646,000		366,785
DMCI Holdings, Inc.		238,000		317,840
San Miguel Corp.		221,000		481,003
SM Investments Corp. (c)		74,800		1,980,156
				3,753,875

7

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Consumer Services 0.1%
Bloomberry Resorts Corp. *		374,000		107,059
Jollibee Foods Corp.		108,800		349,540
				456,599
Diversified Financials 0.1%
Ayala Corp.		41,040		611,668
Food, Beverage & Tobacco 0.0%
Universal Robina Corp.		139,400		413,880
Real Estate 0.2%
Ayala Land, Inc.		1,360,000		1,085,877
SM Prime Holdings, Inc. (c)		1,700,000		784,244
				1,870,121
Telecommunication Services 0.1%
Philippine Long Distance Telephone Co.		13,600		996,754
Transportation 0.1%
International Container Terminal Services, Inc.		316,200		696,059
Utilities 0.2%
Aboitiz Power Corp.		680,000		575,112
Energy Development Corp.		2,926,000		429,174
Manila Electric Co.		40,800		373,542
				1,377,828
				13,085,256
Poland 1.6%
Banks 0.5%
Bank Handlowy w Warszawie S.A.		14,620		439,957
Bank Pekao S.A.		30,600		1,540,914
BRE Bank S.A.		3,060		365,139
Getin Noble Bank S.A. *		562,019		325,147
Powszechna Kasa Oszczednosci Bank Polski S.A.		160,654		1,693,912
				4,365,069
Energy 0.3%
Polski Koncern Naftowy Orlen S.A. *		93,500		1,501,007
Polskie Gornictwo Naftowe I Gazownictwo S.A. *		374,000		698,960
				2,199,967
Insurance 0.3%
Powszechny Zaklad Ubezpieczen S.A.		17,000		2,368,656
Materials 0.3%
Jastrzebska Spolka Weglowa S.A.		13,680		332,444
KGHM Polska Miedz S.A.		40,604		1,823,918
Synthos S.A.		167,620		272,643
				2,429,005
Telecommunication Services 0.0%
Telekomunikacja Polska S.A.		164,220		404,898
Utilities 0.2%
PGE S.A.		269,960		1,480,039
Tauron Polska Energia S.A.		196,671		258,539
				1,738,578
				13,506,173
Russia 6.5%
Banks 1.1%
Sberbank of Russia ADR *		658,640		8,140,790
VTB Bank OJSC GDR - Reg’d		318,920		926,144
				9,066,934
Energy 3.5%
Gazprom OAO ADR		1,336,192		10,101,611
LUKOIL OAO ADR		159,460		9,424,086
NovaTek OAO GDR - Reg’d		24,480		2,746,656
Rosneft Oil Co. OJSC GDR - Reg’d		497,952		3,308,891
Surgutneftegas OAO ADR		185,640		1,405,295
Tatneft OAO ADR		69,020		2,398,445
				29,384,984
Food & Staples Retailing 0.6%
Magnit OJSC GDR - Reg’d		87,040		4,765,440
Materials 0.6%
MMC Norilsk Nickel OJSC ADR		129,200		1,870,816
Novolipetsk Steel OJSC GDR - Reg’d		19,720		274,700
Severstal OAO GDR - Reg’d		76,160		597,856
Uralkali OJSC GDR - Reg’d		63,240		2,286,126
				5,029,498
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
Pharmstandard OJSC GDR - Reg’d *		8,500		192,355
Real Estate 0.0%
LSR Group GDR - Reg’d		46,240		167,574
Telecommunication Services 0.6%
MegaFon OAO GDR *		26,536		829,781
Mobile TeleSystems OJSC ADR		137,142		2,642,726
Rostelecom OJSC ADR		62,269		1,183,111
Sistema JSFC GDR - Reg’d		32,112		613,018
				5,268,636
Utilities 0.1%
Federal Hydrogenerating Co. JSC ADR		884,032		1,279,194
				55,154,615
South Africa 8.5%
Banks 0.8%
ABSA Group Ltd.		93,160		1,383,822
Nedbank Group Ltd.		66,300		1,197,318
Standard Bank Group Ltd.		351,900		3,912,973
				6,494,113
Capital Goods 0.4%
Aveng Ltd.		133,960		387,508
Barloworld Ltd.		60,180		518,781
Bidvest Group Ltd.		70,380		1,815,234
Reunert Ltd.		58,480		414,370
				3,135,893

8 

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Consumer Durables & Apparel 0.1%
Steinhoff International Holdings Ltd. *		436,900		1,107,478
Consumer Services 0.0%
Sun International Ltd.		27,200		270,384
Diversified Financials 0.8%
African Bank Investments Ltd.		204,000		324,461
FirstRand Ltd.		739,840		2,169,565
Investec Ltd.		86,020		615,665
JSE Ltd.		45,258		338,049
Remgro Ltd.		130,900		2,574,864
RMB Holdings Ltd.		249,220		985,757
				7,008,361
Energy 0.8%
Exxaro Resources Ltd.		39,440		621,725
Sasol Ltd.		144,160		6,491,087
				7,112,812
Food & Staples Retailing 0.5%
Clicks Group Ltd.		63,992		380,208
Massmart Holdings Ltd.		26,920		524,659
Pick n Pay Stores Ltd.		72,080		292,340
Shoprite Holdings Ltd.		121,720		2,132,210
The Spar Group Ltd.		60,520		728,363
				4,057,780
Food, Beverage & Tobacco 0.2%
AVI Ltd.		115,940		656,933
Tiger Brands Ltd.		26,520		815,550
				1,472,483
Health Care Equipment & Services 0.3%
Life Healthcare Group Holdings Ltd.		230,520		838,234
Mediclinic International Ltd.		86,139		617,545
Netcare Ltd.		377,740		878,661
				2,334,440
Insurance 0.5%
Discovery Holdings Ltd.		109,480		881,521
MMI Holdings Ltd.		379,100		898,406
Sanlam Ltd.		444,040		2,092,249
				3,872,176
Materials 1.1%
AECI Ltd.		41,480		457,693
African Rainbow Minerals Ltd.		24,480		438,023
Anglo American Platinum Ltd. *		18,360		600,456
AngloGold Ashanti Ltd.		94,860		1,716,669
ArcelorMittal South Africa Ltd. *		42,840		123,498
Gold Fields Ltd.		196,520		1,200,248
Harmony Gold Mining Co., Ltd.		137,700		572,031
Impala Platinum Holdings Ltd.		141,780		1,493,942
Kumba Iron Ore Ltd.		18,360		945,399
Mondi Ltd.		10,412		138,692
Nampak Ltd.		218,620		758,669
Northam Platinum Ltd. *		32,832		117,134
PPC Ltd.		160,140		514,976
Sappi Ltd. *		81,600		206,844
Sibanye Gold Ltd. *		191,896		160,045
				9,444,319
Media 0.9%
Naspers Ltd., N Shares		100,640		7,454,448
Pharmaceuticals, Biotechnology & Life Sciences 0.3%
Aspen Pharmacare Holdings Ltd. *		106,080		2,188,086
Real Estate 0.2%
Capital Property Fund		177,140		181,370
Fountainhead Property Trust		448,274		356,489
Growthpoint Properties Ltd.		539,920		1,362,715
				1,900,574
Retailing 0.6%
Imperial Holdings Ltd.		52,020		1,090,741
Mr. Price Group Ltd.		68,000		866,041
The Foschini Group Ltd.		68,340		718,403
Truworths International Ltd.		124,100		1,073,257
Woolworths Holdings Ltd.		212,840		1,535,406
				5,283,848
Telecommunication Services 1.0%
MTN Group Ltd.		419,560		7,624,004
Telkom SA Soc Ltd. *		147,250		218,099
Vodacom Group Ltd.		89,420		996,000
				8,838,103
Transportation 0.0%
Grindrod Ltd.		101,660		203,224
				72,178,522
Taiwan 12.9%
Automobiles & Components 0.2%
Cheng Shin Rubber Industry Co., Ltd.		415,224		1,244,839
Yulon Motor Co., Ltd.		356,000		594,920
				1,839,759
Banks 1.3%
Chang Hwa Commercial Bank		1,480,956		841,452
China Development Financial Holding Corp. *		3,763,268		1,116,906
Chinatrust Financial Holding Co., Ltd.		3,247,597		2,078,592
E.Sun Financial Holding Co., Ltd.		1,444,093		892,905
First Financial Holding Co., Ltd.		1,557,715		944,938
Hua Nan Financial Holdings Co., Ltd.		2,119,668		1,243,321
Mega Financial Holding Co., Ltd.		2,424,069		1,952,542
SinoPac Financial Holdings Co., Ltd.		1,387,049		683,789
Taishin Financial Holding Co., Ltd.		718,326		309,706
Taiwan Cooperative Financial Holding		1,523,669		883,545
				10,947,696
Capital Goods 0.2%
Far Eastern New Century Corp.		1,057,592		1,129,347
Taiwan Glass Industrial Corp.		366,036		357,228
Walsin Lihwa Corp. *		1,360,000		426,363
				1,912,938
Commercial & Professional Services 0.0%
Taiwan Secom Co., Ltd.		48,000		115,348

9

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Consumer Durables & Apparel 0.2%
Formosa Taffeta Co., Ltd.		340,000		318,182
Giant Manufacturing Co., Ltd.		38,000		265,441
Pou Chen Corp.		679,580		665,498
				1,249,121
Diversified Financials 0.5%
Capital Securities Corp.		1,039,629		354,419
Fubon Financial Holding Co., Ltd.		1,935,078		2,567,600
Yuanta Financial Holding Co., Ltd.		2,749,316		1,525,356
				4,447,375
Energy 0.2%
Formosa Petrochemical Corp.		488,000		1,273,824
Food & Staples Retailing 0.1%
President Chain Store Corp.		141,000		871,825
Food, Beverage & Tobacco 0.3%
Uni-President Enterprises Corp.		1,180,134		2,335,024
Insurance 0.3%
Cathay Financial Holding Co., Ltd.		1,355,551		1,766,928
Shin Kong Financial Holding Co., Ltd. *		2,065,151		707,480
				2,474,408
Materials 1.7%
Asia Cement Corp.		703,187		870,758
China Steel Corp.		2,821,519		2,399,989
Formosa Chemicals & Fibre Corp.		1,050,000		2,477,607
Formosa Plastics Corp.		1,360,000		3,159,091
Nan Ya Plastics Corp.		2,040,000		4,172,727
Taiwan Cement Corp.		867,690		1,144,063
Taiwan Fertilizer Co., Ltd.		82,000		214,044
YFY, Inc.		680,000		323,864
				14,762,143
Real Estate 0.0%
Cathay Real Estate Development Co., Ltd.		418,000		303,162
Retailing 0.1%
Hotai Motor Co., Ltd.		50,000		580,715
Semiconductors & Semiconductor Equipment 3.9%
Advanced Semiconductor Engineering, Inc.		2,181,488		1,881,096
Epistar Corp.		89,000		176,096
Macronix International Co., Ltd.		1,044,383		256,558
MediaTek, Inc.		340,099		4,228,503
MStar Semiconductor, Inc.		72,255		606,150
Novatek Microelectronics Corp.		79,000		402,657
Realtek Semiconductor Corp.		100,000		254,345
Siliconware Precision Industries Co. ADR		216,580		1,245,335
Taiwan Semiconductor Manufacturing Co., Ltd. ADR		1,205,980		22,503,587
United Microelectronics Corp. ADR		679,876		1,475,331
				33,029,658
Technology Hardware & Equipment 3.1%
Acer, Inc. *		680,086		550,070
Advantech Co., Ltd.		47,500		233,372
Asustek Computer, Inc.		176,426		1,948,823
AU Optronics Corp. ADR *		238,000		1,061,480
Catcher Technology Co., Ltd.		120,200		678,937
Chicony Electronics Co., Ltd.		85,956		237,873
Chimei Innolux Corp. *		1,936,000		1,307,059
Compal Communications, Inc. *		340,000		458,523
Compal Electronics, Inc.		1,023,610		631,203
Delta Electronics, Inc.		640,000		3,080,214
Foxconn Technology Co., Ltd.		368,557		997,765
Hon Hai Precision Industry Co., Ltd.		2,379,880		6,100,829
HTC Corp.		202,650		1,872,751
Inventec Corp.		1,049,145		508,443
Largan Precision Co., Ltd.		17,000		552,841
Lite-On Technology Corp.		682,835		1,092,034
Pegatron Corp. *		366,441		665,032
Quanta Computer, Inc.		680,000		1,472,727
Synnex Technology International Corp.		346,053		486,348
TPK Holding Co., Ltd.		54,996		1,097,347
Unimicron Technology Corp.		680,000		738,636
Wistron Corp.		722,891		744,152
Yageo Corp. *		442,000		151,420
				26,667,879
Telecommunication Services 0.6%
Chunghwa Telecom Co., Ltd. ADR		98,600		3,092,096
Far EasTone Telecommunications Co., Ltd.		374,000		893,750
Taiwan Mobile Co., Ltd.		401,600		1,469,759
				5,455,605
Transportation 0.2%
China Airlines Ltd. *		906,000		367,911
Eva Airways Corp. *		390,000		241,143
Evergreen Marine Corp., Ltd. *		435,199		243,636
U-Ming Marine Transport Corp.		190,000		290,525
Yang Ming Marine Transport Corp. *		355,200		151,957
				1,295,172
				109,561,652
Thailand 3.1%
Banks 0.9%
Bangkok Bank PCL NVDR		136,000		920,892
Bank of Ayudhya PCL NVDR		272,000		303,220
Kasikornbank PCL NVDR		408,000		2,627,911
Krung Thai Bank PCL NVDR		1,438,900		1,055,114
Siam Commercial Bank PCL NVDR		484,300		2,775,427
TMB Bank PCL NVDR		3,570,000		294,798
				7,977,362
Energy 0.6%
Banpu PCL NVDR		34,000		335,789
IRPC PCL NVDR		4,114,000		502,784
PTT Exploration & Production PCL NVDR		394,404		1,980,162
PTT PCL NVDR		204,000		2,196,664

10 

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Thai Oil PCL NVDR		136,000		287,498
				5,302,897
Food & Staples Retailing 0.2%
Big C Supercenter PCL NVDR		68,000		469,430
CP ALL PCL NVDR		1,313,200		1,865,156
				2,334,586
Food, Beverage & Tobacco 0.1%
Charoen Pokphand Foods PCL NVDR		1,054,000		1,009,612
Health Care Equipment & Services 0.1%
Bangkok Dusit Medical Services PCL NVDR		83,600		466,669
Materials 0.3%
Indorama Ventures PCL NVDR		340,000		247,069
PTT Global Chemical PCL NVDR		347,014		833,865
Siam Cement PCL NVDR		102,000		1,563,270
				2,644,204
Media 0.1%
BEC World PCL NVDR		238,000		499,191
Real Estate 0.1%
Central Pattana PCL NVDR		272,000		482,907
Land & Houses PCL NVDR		680,000		260,545
				743,452
Telecommunication Services 0.5%
Advanced Info Service PCL NVDR		306,000		2,658,233
Shin Corp. PCL NVDR		374,000		1,099,455
Total Access Communication PCL NVDR		102,000		387,448
				4,145,136
Transportation 0.1%
Airports of Thailand PCL NVDR		102,000		623,286
Thai Airways International PCL NVDR		170,000		188,109
				811,395
Utilities 0.1%
Electricity Generating PCL NVDR		68,000		352,634
Glow Energy PCL NVDR		146,700		339,191
				691,825
				26,626,329
Turkey 2.4%
Automobiles & Components 0.1%
Ford Otomotiv Sanayi A/S		23,800		361,529
Banks 1.1%
Akbank T.A.S.		407,698		1,942,661
Turkiye Garanti Bankasi A/S		453,900		2,346,674
Turkiye Halk Bankasi A/S		128,180		1,373,211
Turkiye Is Bankasi, C Shares		410,040		1,521,095
Turkiye Vakiflar Bankasi Tao, D Shares		290,814		923,809
Yapi ve Kredi Bankasi A/S		264,180		788,513
				8,895,963
Capital Goods 0.2%
Dogan Sirketler Grubu Holdings A/S *		474,164		267,889
Enka Insaat ve Sanayi A/S		64,769		207,128
KOC Holding A/S		243,462		1,381,980
Turkiye Sise ve Cam Fabrikalari A/S		105,480		178,780
				2,035,777
Consumer Durables & Apparel 0.1%
Arcelik A/S		50,660		383,420
Diversified Financials 0.2%
Haci Omer Sabanci Holding A/S		201,666		1,289,837
Energy 0.1%
Tupras-Turkiye Petrol Rafinerileri A/S		31,960		853,425
Food & Staples Retailing 0.1%
BIM Birlesik Magazalar A/S		24,480		1,154,717
Food, Beverage & Tobacco 0.1%
Anadolu Efes Biracilik ve Malt Sanayii A/S		58,820		843,331
Coca-Cola Icecek A/S		3,060		93,372
				936,703
Materials 0.1%
Eregli Demir ve Celik Fabrikalari T.A.S.		557,475		665,571
Real Estate 0.0%
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S (c)		210,800		347,176
Telecommunication Services 0.2%
Turk Telekomunikasyon A/S		203,452		787,262
Turkcell Iletisim Hizmetleri A/S *		199,580		1,228,627
				2,015,889
Transportation 0.1%
Turk Hava Yollari Anonim Ortakligi		246,840		1,144,605
				20,084,612
United Arab Emirates 0.4%
Banks 0.1%
First Gulf Bank PJSC		194,090		792,646
Diversified Financials 0.0%
Dubai Financial Market *		688,160		305,395
Energy 0.0%
Dana Gas PJSC *		718,112		117,308
Real Estate 0.2%
Aldar Properties PJSC		300,430		174,224
Emaar Properties PJSC		772,846		1,256,181
				1,430,405
Transportation 0.1%
DP World Ltd.		61,986		979,379
				3,625,133
Total Common Stock
(Cost $797,467,523)				793,534,002

11

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

Security	Face Amount		Value
Rate, Maturity Date	(local currency)		($)
Corporate Bonds 0.0% of net assets
India 0.0%
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
Dr. Reddy’s Laboratories Ltd. 9.25%, 03/24/14 (INR)		285,360		255
Total Corporate Bond
(Cost $1,836)				255
	Number		Value
Security	of Shares		($)
Other Investment Companies 0.3% of net assets
Equity Fund 0.1%
iShares MSCI Emerging Markets Index Fund		25,000		1,030,250
Money Market Fund 0.2%
State Street Institutional U.S. Government Money Market Fund		1,148,476		1,148,476
Total Other Investment Companies
(Cost $2,210,001)				2,178,726
Preferred Stock 5.7% of net assets
Brazil 5.6%
Banks 1.5%
Itau Unibanco Holding S.A. ADR		622,159		9,357,270
Itausa - Investimentos Itau S.A.		848,831		3,749,496
				13,106,766
Energy 1.3%
Petroleo Brasileiro S.A. ADR		575,620		10,729,557
Food & Staples Retailing 0.2%
Companhia Brasileira de Distribuicao Grupo Pao de Acucar ADR		34,000		1,671,440
Food, Beverage & Tobacco 0.9%
Companhia de Bebidas das Americas ADR		202,640		7,714,505
Materials 1.4%
Bradespar S.A.		68,000		703,421
Braskem S.A., A Shares		68,000		532,827
Gerdau S.A.		216,920		1,327,428
Klabin S.A.		170,000		1,033,927
Metalurgica Gerdau S.A.		68,000		529,319
Usinas Siderurgicas de Minas Gerais S.A., A Shares *		136,000		567,583
Vale S.A. ADR		523,785		7,060,622
				11,755,127
Retailing 0.1%
Lojas Americanas S.A.		150,486		1,217,267
Utilities 0.2%
AES Tiete S.A.		34,000		370,683
Centrais Eletricas Brasileiras S.A. ADR (a)		74,120		353,552
Companhia Energetica de Sao Paulo, B Shares		34,000		334,492
Companhia Paranaense de Energia - Copel, B Shares		34,000		523,739
				1,582,466
				47,777,128
Chile 0.0%
Food, Beverage & Tobacco 0.0%
Embotelladora Andina S.A., B Shares		31,620		201,167
Colombia 0.1%
Banks 0.0%
Grupo Aval Acciones y Valores		210,800		154,545
Diversified Financials 0.0%
Grupo de Inversiones Suramericana S.A.		10,200		211,521
Materials 0.1%
Grupo Argos S.A.		22,780		239,777
				605,843
Total Preferred Stock
(Cost $59,980,343)				48,584,138
Rights 0.0% of net assets
Brazil 0.0%
Diversified Financials 0.0%
CETIP S.A. - Mercados Organizados *		23		3
China 0.0%
Insurance 0.0%
PICC Property & Casualty Co., Ltd., H Shares *(c)		127,600		62,298
Total Rights
(Cost $—)				62,301
End of Investments

12 

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Collateral Invested for Securities on Loan 0.8% of net assets
State Street Institutional U.S. Government Money Market Fund		6,850,012		6,850,012
Total Collateral Invested for Securities on Loan
(Cost $6,850,012)				6,850,012
End of Collateral Invested for Securities on Loan

At 05/31/13, the tax basis cost of the fund’s investments was $862,237,942 and the unrealized appreciation and depreciation were $79,376,173 and ($97,254,693), respectively, with a net unrealized depreciation of ($17,878,520).

*	Non-income producing security.
(a)	All or a portion of this security is on loan.
(b)	Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $62,031 or 0.0% of net assets.
(c)	Fair-valued by management in accordance with procedures approved by the Board of Trustees.
(d)	Illiquid security. At the period end, the value of these amounted to $271,695 or 0.0% of net assets.

ADR —	American Depositary Receipt
GDR —	Global Depositary Receipt
NVDR —	Non-Voting Depositary Receipt
Reg’d —	Registered

INR — Indian rupee

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Bonds and notes: Bonds and notes are valued at halfway between the most recent bid and asked quotes or, if such quotes are unavailable, at prices for securities of comparable maturity, credit quality and type. Valuations for bonds and notes are provided by independent bond-pricing services.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

13

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

14 

 Schwab Emerging Markets Equity ETF

Portfolio Holdings (Unaudited) continued

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Common Stock1		$760,154,470		$—		$—		$760,154,470
Pakistan1		—		—		209,664		209,664
Philippines1		7,461,260		—		—		7,461,260
Capital Goods		1,773,719		—		1,980,156		3,753,875
Real Estate		1,085,877		—		784,244		1,870,121
Turkey1		19,737,436		—		—		19,737,436
Real Estate		—		—		347,176		347,176
Corporate Bonds1		—		255		—		255
Other Investment Companies1		2,178,726		—		—		2,178,726
Preferred Stock1		48,584,138		—		—		48,584,138
Rights1		3		—		—		3
China1		—		—		62,298		62,298
Total		$840,975,629		$255		$3,383,538		$844,359,422
Other Financial Instruments
Collateral Invested for Securities on Loan		$6,850,012		$—		$—		$6,850,012

¹ As categorized in Portfolio Holdings.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:

	Balance				Change in											Balance
	as of		Realized		Unrealized							Gross		Gross		as of
	August 31,		Gains		Gains			Gross		Gross		Transfers		Transfers		May 31,
Investments in Securities	2012		(Losses)		(Losses)			Purchases		Sales		in		out		2013
Common Stock
Pakistan		$—		$—		$31,949			$—		$—		$177,715		$—		$209,664
Phillipines		—		—		767,089			826,457		—		1,170,854		—		2,764,400
Turkey		—		—		26,667			122,756		—		197,753		—		347,176
Rights
China		—		—		62,298			—		—		—		—		62,298
Thailand		23,654		—		(23,654	)		—		—		—		—		—
Total		$23,654		$—		$864,349			$949,213		$—		$1,546,322		$—		$3,383,538

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were transfers into Level 3 from Level 1 due to the result of fair valued securities for which no quoted value was available. There were no transfers between Level 1 and Level 2 for the period ended May 31, 2013.

REG56692MAY13

15

Schwab Strategic Trust
Schwab U.S. Broad Market ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	99	.7%	Common Stock		1,638,067,958		1,980,340,742
	0	.1%	Other Investment Companies		987,362		1,001,023
	99	.8%	Total Investments		1,639,055,320		1,981,341,765
	0	.4%	Collateral Invested for Securities on Loan		8,087,454		8,087,454
	(0	.2)%	Other Assets and Liabilities, Net				(3,794,568	)
	100	.0%	Net Assets				1,985,634,651

	Number		Value
Security	of Shares		($)
Common Stock 99.7% of net assets
Automobiles & Components 1.1%
Allison Transmission Holdings, Inc.		10,076		239,809
American Axle & Manufacturing Holdings, Inc. *		7,334		130,472
BorgWarner, Inc. *		13,052		1,058,126
Cooper Tire & Rubber Co.		6,612		170,854
Dana Holding Corp.		17,068		322,927
Delphi Automotive plc		31,852		1,554,696
Dorman Products, Inc.		4,016		178,832
Drew Industries, Inc.		2,180		82,404
Ford Motor Co.		434,479		6,812,631
General Motors Co. *		84,396		2,860,180
Gentex Corp.		15,660		358,144
Harley-Davidson, Inc.		26,104		1,423,712
Johnson Controls, Inc.		75,453		2,818,924
Lear Corp.		12,048		722,639
Tenneco, Inc. *		6,524		289,405
Tesla Motors, Inc. *(a)		7,581		741,118
The Goodyear Tire & Rubber Co. *		26,686		404,026
Thor Industries, Inc.		5,020		214,404
TRW Automotive Holdings Corp. *		12,048		763,241
Visteon Corp. *		5,514		349,974
				21,496,518
Banks 3.3%
Associated Banc-Corp.		21,404		329,836
Astoria Financial Corp.		9,065		89,381
BancFirst Corp.		2,023		86,706
BancorpSouth, Inc.		10,310		176,920
Bank of Hawaii Corp.		5,020		252,908
Bank of the Ozarks, Inc.		4,016		175,298
BankUnited, Inc.		7,148		175,698
BB&T Corp.		78,582		2,586,919
BBCN Bancorp, Inc.		7,340		94,613
Beneficial Mutual Bancorp, Inc. *		9,207		78,720
Berkshire Hills Bancorp, Inc.		2,314		62,085
BOK Financial Corp.		2,602		169,390
Boston Private Financial Holdings, Inc.		8,561		84,326
Brookline Bancorp, Inc.		9,066		76,880
CapitalSource, Inc.		30,194		284,125
Capitol Federal Financial, Inc.		17,680		209,862
Cathay General Bancorp		8,120		164,755
Central Pacific Financial Corp. *		4,560		83,630
Chemical Financial Corp.		3,170		82,705
CIT Group, Inc. *		23,092		1,064,079
City Holding Co.		2,008		79,557
City National Corp.		5,020		315,055
Columbia Banking System, Inc.		7,028		153,491
Comerica, Inc.		21,278		840,268
Commerce Bancshares, Inc.		9,598		417,705
Community Bank System, Inc.		4,016		117,910
Community Trust Bancorp, Inc.		1,357		47,739
Cullen/Frost Bankers, Inc.		6,524		419,819
CVB Financial Corp.		10,254		117,613
East West Bancorp, Inc.		17,068		449,571
EverBank Financial Corp.		5,550		87,135
F.N.B. Corp.		15,258		175,467
Fifth Third Bancorp		101,492		1,847,154
First Bancorp Puerto Rico *		16,296		99,569
First Citizens BancShares, Inc., Class A		447		88,180
First Commonwealth Financial Corp.		13,227		95,367
First Financial Bancorp		6,080		93,693
First Financial Bankshares, Inc. (a)		3,206		176,330
First Horizon National Corp.		27,384		314,368
First Interstate BancSystem, Inc.		4,360		86,284
First Midwest Bancorp, Inc.		10,040		132,126
First Niagara Financial Group, Inc.		38,596		377,083
First Republic Bank		8,032		298,469
FirstMerit Corp.		17,847		336,773
Flagstar Bancorp, Inc. *		9,458		132,507
Fulton Financial Corp.		24,416		280,540
Glacier Bancorp, Inc.		7,663		148,969
Hancock Holding Co.		9,036		257,978
Home BancShares, Inc.		4,016		169,074
Hudson City Bancorp, Inc.		53,212		452,302
Huntington Bancshares, Inc.		94,376		731,414
IBERIABANK Corp.		3,012		155,238
Independent Bank Corp.		2,280		75,126
International Bancshares Corp.		6,180		134,600
Investors Bancorp, Inc.		6,024		119,155
Kearny Financial Corp. *		2,021		20,008
KeyCorp		107,876		1,162,903
M&T Bank Corp.		13,699		1,437,025
MB Financial, Inc.		6,065		154,718
MGIC Investment Corp. *		32,944		203,594
National Bank Holdings Corp., Class A		3,593		65,177
National Penn Bancshares, Inc.		13,630		134,664

1

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Nationstar Mortgage Holdings, Inc. *(a)		3,170		129,051
NBT Bancorp, Inc.		3,468		68,944
New York Community Bancorp, Inc.		48,498		634,354
Northfield Bancorp, Inc.		6,315		72,370
Northwest Bancshares, Inc.		15,060		186,744
Ocwen Financial Corp. *		14,056		601,316
OFG Bancorp		10,920		194,158
Old National Bancorp		11,132		148,723
Oritani Financial Corp.		7,028		107,739
PacWest Bancorp		5,020		144,727
Park National Corp. (a)		1,278		88,284
People’s United Financial, Inc.		38,152		524,971
Pinnacle Financial Partners, Inc. *		3,470		87,097
Popular, Inc. *		11,054		331,620
PrivateBancorp, Inc.		9,036		174,937
Prosperity Bancshares, Inc.		5,020		251,452
Provident Financial Services, Inc.		8,032		122,247
Radian Group, Inc. (a)		14,398		185,302
Regions Financial Corp.		155,620		1,420,811
Renasant Corp.		2,514		59,909
S&T Bancorp, Inc.		3,071		59,393
Sandy Spring Bancorp, Inc.		2,414		51,708
SCBT Financial Corp.		1,457		72,923
Signature Bank *		5,020		387,444
State Bank Financial Corp.		3,271		50,602
Sterling Financial Corp.		4,071		92,086
SunTrust Banks, Inc.		60,240		1,933,102
Susquehanna Bancshares, Inc.		20,230		242,962
SVB Financial Group *		5,020		388,498
Synovus Financial Corp.		86,774		237,761
TCF Financial Corp.		20,328		292,723
Texas Capital Bancshares, Inc. *		4,264		188,298
TFS Financial Corp. *		14,056		154,335
The PNC Financial Services Group, Inc.		58,432		4,186,068
TrustCo Bank Corp.		10,170		56,850
Trustmark Corp.		8,032		204,736
U.S. Bancorp		209,836		7,356,850
UMB Financial Corp.		4,016		213,209
Umpqua Holdings Corp.		16,064		217,185
United Bankshares, Inc. (a)		5,061		131,637
Valley National Bancorp		26,261		244,752
ViewPoint Financial Group, Inc.		4,160		78,749
Washington Federal, Inc.		12,048		210,719
Webster Financial Corp.		10,379		242,350
Wells Fargo & Co.		545,258		22,110,212
WesBanco, Inc.		2,614		65,481
Westamerica Bancorp		3,012		135,630
Western Alliance Bancorp *		10,154		149,264
Wintrust Financial Corp.		5,020		189,455
Zions Bancorp		20,233		567,536
				65,377,828
Capital Goods 8.1%
3M Co.		70,543		7,778,777
A.O. Smith Corp.		8,032		314,854
AAON, Inc.		2,314		76,917
AAR Corp.		4,016		80,561
Actuant Corp., Class A		9,036		307,224
Acuity Brands, Inc.		5,020		376,851
Aecom Technology Corp. *		12,301		378,748
Aegion Corp. *		4,236		96,708
AGCO Corp.		10,440		579,107
Air Lease Corp.		7,269		203,532
Aircastle Ltd.		9,036		142,950
Albany International Corp., Class A		3,310		105,059
Alliant Techsystems, Inc.		3,412		267,910
Altra Holdings, Inc.		2,614		75,309
American Railcar Industries, Inc.		1,357		46,138
AMETEK, Inc.		27,108		1,169,710
Apogee Enterprises, Inc.		3,071		81,934
Applied Industrial Technologies, Inc.		5,020		241,311
Armstrong World Industries, Inc. *		2,227		115,737
Astec Industries, Inc.		2,144		75,726
AZZ, Inc.		2,380		98,722
B/E Aerospace, Inc. *		12,048		764,325
Barnes Group, Inc.		5,204		157,265
Beacon Roofing Supply, Inc. *		5,020		206,924
Belden, Inc.		6,024		321,983
Blount International, Inc. *		5,020		67,368
Brady Corp., Class A		5,020		163,351
Briggs & Stratton Corp.		5,261		123,107
Builders FirstSource, Inc. *		10,270		69,220
Carlisle Cos., Inc.		7,028		459,701
Caterpillar, Inc.		72,288		6,202,310
Chart Industries, Inc. *		3,033		295,050
CIRCOR International, Inc.		2,008		102,609
CLARCOR, Inc.		6,024		326,742
Colfax Corp. *		7,234		360,977
Comfort Systems USA, Inc.		4,328		59,813
Crane Co.		6,024		359,934
Cubic Corp.		1,454		69,210
Cummins, Inc.		19,435		2,325,009
Curtiss-Wright Corp.		5,020		182,527
Danaher Corp.		64,409		3,981,764
Deere & Co.		43,251		3,767,595
DigitalGlobe, Inc. *		7,677		232,076
Donaldson Co., Inc.		16,064		602,561
Dover Corp.		20,080		1,571,260
DXP Enterprises, Inc. *		1,057		62,437
Dycom Industries, Inc. *		3,493		79,466
Eaton Corp. plc		52,245		3,451,305
EMCOR Group, Inc.		7,028		279,363
Emerson Electric Co.		79,957		4,594,329
Encore Wire Corp.		2,479		85,798
EnerSys, Inc. *		5,214		259,814
EnPro Industries, Inc. *		2,160		108,799
ESCO Technologies, Inc.		4,016		128,994
Esterline Technologies Corp. *		4,016		294,734
Exelis, Inc.		20,080		243,972
Fastenal Co.		29,557		1,542,284
Flowserve Corp.		5,393		906,725
Fluor Corp.		18,433		1,165,150
Fortune Brands Home & Security, Inc.		17,568		742,775
Foster Wheeler AG *		11,746		270,393
Franklin Electric Co., Inc.		4,110		138,959
Gardner Denver, Inc.		6,024		454,812
GATX Corp.		6,024		300,778
GenCorp, Inc. *		6,342		86,759
Generac Holdings, Inc.		3,012		121,986
General Cable Corp. *		5,145		181,927

2 

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
General Dynamics Corp.		36,403		2,806,671
General Electric Co.		1,152,970		26,887,260
Graco, Inc.		7,028		452,955
Granite Construction, Inc.		3,653		112,732
Great Lakes Dredge & Dock Corp.		6,442		53,469
Greenbrier Cos., Inc. *		2,514		58,953
Griffon Corp.		5,085		58,681
H&E Equipment Services, Inc.		4,114		92,071
Harsco Corp.		9,036		211,262
HEICO Corp.		5,460		276,167
Hexcel Corp. *		10,496		364,946
Honeywell International, Inc.		86,368		6,776,433
Hubbell, Inc., Class B		6,024		604,990
Huntington Ingalls Industries, Inc.		6,024		332,645
Hyster-Yale Materials Handling, Inc.		1,662		102,712
IDEX Corp.		9,036		497,432
II-VI, Inc. *		8,052		133,663
Illinois Tool Works, Inc.		47,597		3,337,978
Ingersoll-Rand plc		31,500		1,812,195
ITT Corp.		10,040		302,706
Jacobs Engineering Group, Inc. *		14,056		801,333
John Bean Technologies Corp.		3,071		66,334
Joy Global, Inc.		12,048		651,556
Kaman Corp.		3,012		102,137
Kaydon Corp.		5,020		135,741
KBR, Inc.		16,158		583,304
Kennametal, Inc.		9,036		391,620
L-3 Communications Holdings, Inc.		11,044		939,734
Lennox International, Inc.		6,024		385,476
Lincoln Electric Holdings, Inc.		10,040		600,392
Lindsay Corp.		1,225		99,531
Lockheed Martin Corp.		29,541		3,126,324
Masco Corp.		42,168		886,371
MasTec, Inc. *		6,603		209,975
Moog, Inc., Class A *		6,024		301,622
MRC Global, Inc. *		7,348		208,610
MSC Industrial Direct Co., Inc., Class A		5,020		415,003
Mueller Industries, Inc.		4,101		223,299
Mueller Water Products, Inc., Class A		17,069		129,895
National Presto Industries, Inc. (a)		500		38,465
Navistar International Corp. *		8,559		307,011
Nordson Corp.		6,024		429,029
Nortek, Inc. *		1,457		102,937
Northrop Grumman Corp.		27,161		2,237,795
Orbital Sciences Corp. *		6,024		109,516
Oshkosh Corp. *		10,040		399,793
Owens Corning *		12,323		538,515
PACCAR, Inc.		40,160		2,152,576
Pall Corp.		13,052		890,146
Parker Hannifin Corp.		17,068		1,702,704
Pentair Ltd. - Reg’d		23,248		1,353,964
Polypore International, Inc. *(a)		5,073		190,846
Powell Industries, Inc. *		1,157		54,703
Precision Castparts Corp.		16,064		3,436,411
Primoris Services Corp.		8,088		172,355
Proto Labs, Inc. *		1,154		63,747
Quanex Building Products Corp.		4,060		75,151
Quanta Services, Inc. *		23,345		662,298
Raven Industries, Inc.		4,016		121,645
Raytheon Co.		36,472		2,430,494
RBC Bearings, Inc. *		3,012		147,468
Regal-Beloit Corp.		5,020		338,900
Rexnord Corp. *		10,225		203,887
Rockwell Automation, Inc.		16,064		1,413,953
Rockwell Collins, Inc.		15,454		1,000,647
Roper Industries, Inc.		11,044		1,371,886
Rush Enterprises, Inc., Class A *		3,401		87,406
Simpson Manufacturing Co., Inc.		6,024		176,322
Snap-On, Inc.		6,324		576,053
Solarcity Corp. *(a)		8,784		397,476
Spirit AeroSystems Holdings, Inc., Class A *		12,535		270,881
SPX Corp.		6,024		475,414
Standex International Corp.		1,004		52,379
Stanley Black & Decker, Inc.		19,076		1,511,201
Sun Hydraulics Corp.		2,479		80,444
TAL International Group, Inc. *		3,024		127,794
Teledyne Technologies, Inc. *		4,063		313,745
Tennant Co.		3,012		148,612
Terex Corp. *		13,052		468,175
Textainer Group Holdings Ltd. (a)		2,273		85,215
Textron, Inc.		31,124		839,103
The Babcock & Wilcox Co.		13,052		387,383
The Boeing Co.		75,479		7,473,931
The Gorman-Rupp Co.		1,557		45,558
The Manitowoc Co., Inc.		17,068		358,599
The Middleby Corp. *		2,041		333,683
The Timken Co.		9,036		512,883
The Toro Co.		6,318		301,116
Thermon Group Holdings, Inc. *		2,014		39,817
Titan International, Inc.		4,016		93,693
TransDigm Group, Inc.		5,049		737,659
Trex Co., Inc. *		1,357		75,409
TriMas Corp. *		3,310		106,748
Trinity Industries, Inc.		9,036		369,843
Triumph Group, Inc.		5,322		413,253
Tutor Perini Corp. *		4,624		85,636
United Rentals, Inc. *		10,173		578,233
United Technologies Corp.		92,980		8,823,802
Universal Forest Products, Inc.		2,080		82,181
URS Corp.		9,036		437,704
USG Corp. *		9,512		259,963
Valmont Industries, Inc.		2,355		358,737
W.W. Grainger, Inc.		6,497		1,672,588
Wabash National Corp. *		7,299		76,640
WABCO Holdings, Inc. *		7,028		530,052
Wabtec Corp.		5,120		563,251
Watsco, Inc.		3,012		262,797
Watts Water Technologies, Inc., Class A		3,106		147,846
WESCO International, Inc. *		5,020		372,785
Woodward, Inc.		6,024		235,840
Xylem, Inc.		20,080		565,051
				160,281,946
Commercial & Professional Services 1.1%
ABM Industries, Inc.		4,572		110,551
Acacia Research Corp.		5,273		131,825
Acco Brands Corp. *		12,048		86,143
Avery Dennison Corp.		12,048		524,088
Cintas Corp.		13,052		595,889

3

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Clean Harbors, Inc. *		6,024		344,573
Copart, Inc. *		12,488		429,462
Covanta Holding Corp.		15,060		307,977
Deluxe Corp.		6,024		225,298
Equifax, Inc.		14,056		856,010
Exponent, Inc.		1,290		72,240
FTI Consulting, Inc. *		6,024		228,852
G&K Services, Inc., Class A		3,012		145,510
Healthcare Services Group, Inc.		8,032		182,246
Herman Miller, Inc.		6,280		176,531
HNI Corp.		6,024		221,502
Huron Consulting Group, Inc. *		2,008		89,778
ICF International, Inc. *		2,214		66,752
IHS, Inc., Class A *		5,353		562,761
Innerworkings, Inc. *		4,128		44,748
Insperity, Inc.		3,021		91,113
Interface, Inc.		6,259		105,151
Iron Mountain, Inc.		18,541		664,509
KAR Auction Services, Inc.		8,529		200,005
Kelly Services, Inc., Class A		3,471		61,471
Kforce, Inc.		4,128		61,466
Kimball International, Inc., Class B		4,028		39,434
Knoll, Inc.		5,197		81,385
Korn/Ferry International *		5,090		89,075
Manpowergroup, Inc.		9,036		517,492
McGrath Rentcorp		2,410		79,602
Mine Safety Appliances Co.		3,327		166,084
Mistras Group, Inc. *		2,214		47,335
Mobile Mini, Inc. *		4,016		135,138
Navigant Consulting, Inc. *		6,076		80,082
Nielsen Holdings N.V.		17,902		607,057
On Assignment, Inc. *		4,060		105,722
Performant Financial Corp. *		4,328		47,738
Pitney Bowes, Inc. (a)		23,092		338,991
Quad/Graphics, Inc. (a)		9,425		219,603
R.R. Donnelley & Sons Co. (a)		19,990		265,267
Republic Services, Inc.		34,136		1,164,038
Robert Half International, Inc.		17,068		593,284
Rollins, Inc.		8,188		206,829
Steelcase, Inc., Class A		8,478		117,336
Stericycle, Inc. *		10,040		1,101,990
Team, Inc. *		3,012		108,643
Tetra Tech, Inc. *		6,624		182,624
The ADT Corp. *		25,429		1,032,163
The Advisory Board Co. *		4,016		212,085
The Brink’s Co.		6,024		161,624
The Corporate Executive Board Co.		3,402		208,168
The Dun & Bradstreet Corp.		4,610		452,425
Towers Watson & Co., Class A		6,200		481,616
TrueBlue, Inc. *		6,024		141,805
Tyco International Ltd.		51,204		1,731,207
UniFirst Corp.		2,008		190,559
United Stationers, Inc.		6,024		207,888
Verisk Analytics, Inc., Class A *		16,064		944,884
Viad Corp.		2,214		54,597
WageWorks, Inc. *		2,614		75,728
Waste Connections, Inc.		13,482		542,516
Waste Management, Inc.		48,192		2,020,691
				21,339,156
Consumer Durables & Apparel 1.5%
American Greetings Corp., Class A		4,260		78,384
Arctic Cat, Inc.		2,008		94,155
Brunswick Corp.		10,040		337,043
Carter’s, Inc.		5,348		385,430
Coach, Inc.		32,128		1,871,777
Columbia Sportswear Co. (a)		2,008		120,922
Crocs, Inc. *		11,095		195,716
D.R. Horton, Inc.		32,128		782,638
Deckers Outdoor Corp. *		2,744		147,298
Ethan Allen Interiors, Inc.		2,580		80,935
Fifth & Pacific Cos., Inc. *		12,289		264,091
Fossil, Inc. *		6,024		639,749
G-III Apparel Group Ltd. *		1,457		61,354
Garmin Ltd. (a)		13,052		455,906
Hanesbrands, Inc.		11,044		550,654
Harman International Industries, Inc.		8,032		426,499
Hasbro, Inc.		13,052		580,553
Helen of Troy Ltd. *		5,020		199,143
Iconix Brand Group, Inc. *		8,046		242,104
iRobot Corp. *		2,619		88,496
Jarden Corp. *		12,732		593,057
KB Home		8,326		184,504
La-Z-Boy, Inc.		8,032		148,351
Leapfrog Enterprises, Inc. *(a)		5,604		53,630
Leggett & Platt, Inc.		15,401		492,832
Lennar Corp., Class A		17,668		694,706
M.D.C Holdings, Inc.		5,020		186,292
Maidenform Brands, Inc. *		2,414		43,911
Mattel, Inc.		37,524		1,679,199
Meritage Homes Corp. *		3,321		157,283
Michael Kors Holdings Ltd. *		19,468		1,222,980
Mohawk Industries, Inc. *		6,224		691,922
Movado Group, Inc.		2,280		82,308
NACCO Industries, Inc., Class A		1,004		56,244
Newell Rubbermaid, Inc.		32,128		868,741
NIKE, Inc., Class B		80,666		4,973,866
NVR, Inc. *		448		440,523
Oxford Industries, Inc.		2,010		132,037
Polaris Industries, Inc.		7,142		682,132
PulteGroup, Inc. *		38,152		823,702
PVH Corp.		8,451		973,471
Quiksilver, Inc. *		15,575		122,575
Ralph Lauren Corp.		7,028		1,230,533
Skechers U.S.A., Inc., Class A *		4,260		95,850
Smith & Wesson Holding Corp. *(a)		5,020		45,732
Standard Pacific Corp. *		18,109		160,265
Steven Madden Ltd. *		5,020		243,470
Sturm Ruger & Co., Inc. (a)		2,061		103,627
Tempur-Pedic International, Inc. *		7,028		297,144
The Jones Group, Inc.		8,032		117,026
The Ryland Group, Inc.		4,486		203,126
Toll Brothers, Inc. *		17,068		583,214
True Religion Apparel, Inc.		2,710		86,286
Tumi Holdings, Inc. *		3,370		81,723
Tupperware Brands Corp.		7,028		569,127
Under Armour, Inc., Class A *		8,260		512,120
VF Corp.		9,483		1,743,544
Whirlpool Corp.		8,432		1,077,272
Wolverine World Wide, Inc.		6,024		315,356
				30,372,528

4 

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Consumer Services 2.1%
AFC Enterprises, Inc. *		3,012		109,818
American Public Education, Inc. *		2,010		76,460
Ameristar Casinos, Inc.		3,370		88,294
Apollo Group, Inc., Class A *		7,539		150,705
Ascent Capital Group, Inc., Class A *		1,390		100,789
Bally Technologies, Inc. *		4,410		251,149
BJ’s Restaurants, Inc. *		3,012		113,070
Bloomin’ Brands, Inc. *		8,384		195,012
Bob Evans Farms, Inc.		3,147		145,266
Boyd Gaming Corp. *(a)		5,767		75,144
Brinker International, Inc.		8,527		334,344
Buffalo Wild Wings, Inc. *		2,022		194,031
Burger King Worldwide, Inc. (a)		10,040		185,539
Carnival Corp.		49,285		1,631,333
Chipotle Mexican Grill, Inc. *		3,548		1,280,828
Choice Hotels International, Inc.		3,040		120,019
Churchill Downs, Inc.		1,341		112,564
Coinstar, Inc. *(a)		3,085		179,670
Cracker Barrel Old Country Store, Inc.		3,012		269,454
Darden Restaurants, Inc.		15,060		780,108
Denny’s Corp. *		10,270		61,928
DeVry, Inc.		4,308		134,539
DineEquity, Inc.		1,448		104,821
Domino’s Pizza, Inc.		6,174		365,933
Dunkin’ Brands Group, Inc.		8,075		319,770
Grand Canyon Education, Inc. *		3,470		111,456
H&R Block, Inc.		32,298		945,362
Hillenbrand, Inc.		8,032		191,644
Hyatt Hotels Corp., Class A *		6,130		252,066
International Game Technology		29,351		524,796
International Speedway Corp., Class A		3,154		109,318
Interval Leisure Group, Inc.		5,213		112,653
ITT Educational Services, Inc. *(a)		3,417		81,905
Jack in the Box, Inc. *		4,572		166,832
K12, Inc. *		4,016		119,356
Krispy Kreme Doughnuts, Inc. *		7,199		124,687
Las Vegas Sands Corp.		38,781		2,245,420
Life Time Fitness, Inc. *		4,261		212,368
Marriott International, Inc., Class A		27,538		1,156,871
Marriott Vacations Worldwide Corp. *		3,214		142,219
Matthews International Corp., Class A		4,016		154,014
McDonald’s Corp.		111,491		10,766,686
MGM Resorts International *		40,618		616,175
Norwegian Cruise Line Holdings Ltd. *		2,710		83,332
Orient-Express Hotels Ltd., Class A *		10,040		118,874
Panera Bread Co., Class A *		3,126		599,661
Papa John’s International, Inc. *		2,136		137,622
Penn National Gaming, Inc. *		7,228		397,829
Pinnacle Entertainment, Inc. *		6,623		130,341
Regis Corp.		6,280		115,615
Royal Caribbean Cruises Ltd.		15,660		548,257
SeaWorld Entertainment, Inc. *		2,528		89,466
Service Corp. International		23,527		423,015
SHFL Entertainment, Inc. *		5,548		95,703
Six Flags Entertainment Corp.		6,027		449,433
Sonic Corp. *		7,028		92,278
Sotheby’s		7,124		265,369
Starbucks Corp.		84,105		5,304,502
Starwood Hotels & Resorts Worldwide, Inc.		21,484		1,467,357
Steiner Leisure Ltd. *		1,373		69,735
Stewart Enterprises, Inc., Class A		9,036		117,468
Strayer Education, Inc. (a)		1,305		69,804
Texas Roadhouse, Inc.		7,028		166,212
The Cheesecake Factory, Inc.		5,462		218,043
The Wendy’s Co.		41,164		244,926
Vail Resorts, Inc.		4,016		257,225
Weight Watchers International, Inc.		2,608		119,577
WMS Industries, Inc. *		5,020		127,257
Wyndham Worldwide Corp.		15,454		898,186
Wynn Resorts Ltd.		9,036		1,227,902
Yum! Brands, Inc.		50,247		3,404,234
				42,653,639
Diversified Financials 6.4%
Affiliated Managers Group, Inc. *		6,024		987,936
American Express Co.		107,574		8,144,428
Ameriprise Financial, Inc.		23,186		1,890,123
Artisan Partners Asset Management, Inc. *		3,790		177,107
Bank of America Corp.		1,199,896		16,390,579
BlackRock, Inc.		14,065		3,926,948
Capital One Financial Corp.		64,256		3,915,118
Cash America International, Inc.		3,155		150,525
CBOE Holdings, Inc.		11,086		444,992
Citigroup, Inc.		337,400		17,541,426
CME Group, Inc.		33,526		2,277,421
Cohen & Steers, Inc.		3,012		113,673
Credit Acceptance Corp. *		1,004		114,315
DFC Global Corp. *		4,016		59,838
Discover Financial Services		56,612		2,683,975
E*TRADE Financial Corp. *		27,108		315,266
Eaton Vance Corp.		13,052		541,789
Encore Capital Group, Inc. *		2,280		81,328
Evercore Partners, Inc., Class A		2,008		79,758
EZCORP, Inc., Class A *		6,024		115,239
Federated Investors, Inc., Class B (a)		12,048		333,368
Financial Engines, Inc.		5,020		216,462
First Cash Financial Services, Inc. *		3,027		162,883
Franklin Resources, Inc.		15,214		2,355,279
GAMCO Investors, Inc., Class A		1,476		78,745
Greenhill & Co., Inc.		2,602		129,606
HFF, Inc., Class A		5,020		94,426
ING US, Inc. *		6,584		187,842
Interactive Brokers Group, Inc., Class A		4,607		72,652
IntercontinentalExchange, Inc. *		8,032		1,375,159
Invesco Ltd.		51,204		1,727,623
Janus Capital Group, Inc.		20,080		176,102
JPMorgan Chase & Co.		425,044		23,203,152
Legg Mason, Inc.		14,207		497,813
Leucadia National Corp.		35,229		1,105,486
LPL Financial Holdings, Inc.		3,653		135,453

5

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
MarketAxess Holdings, Inc.		3,381		146,600
McGraw Hill Financial, Inc.		31,124		1,697,814
Moody’s Corp.		21,278		1,413,710
Morgan Stanley		152,201		3,942,006
MSCI, Inc. *		14,056		495,334
Nelnet, Inc., Class A		3,088		120,617
Netspend Holdings, Inc. *		6,086		97,437
NewStar Financial, Inc. *		5,155		65,984
Northern Trust Corp.		24,096		1,401,182
NYSE Euronext		29,116		1,171,337
PHH Corp. *		6,212		125,234
PICO Holdings, Inc. *		2,314		52,273
Piper Jaffray Cos., Inc. *		3,417		122,021
Portfolio Recovery Associates, Inc. *		2,008		305,758
Raymond James Financial, Inc.		12,234		537,929
SEI Investments Co.		14,644		448,253
SLM Corp.		51,686		1,227,026
State Street Corp.		51,418		3,402,843
Stifel Financial Corp. *		6,699		241,097
T. Rowe Price Group, Inc.		28,112		2,132,576
TD Ameritrade Holding Corp.		26,104		611,878
The Bank of New York Mellon Corp.		129,056		3,879,423
The Charles Schwab Corp. (b)		120,744		2,397,976
The Goldman Sachs Group, Inc.		48,738		7,899,455
The NASDAQ OMX Group, Inc.		13,140		413,384
Virtus Investment Partners, Inc. *		400		92,744
Waddell & Reed Financial, Inc., Class A		9,336		429,829
Walter Investment Management Corp. *		3,070		111,779
WisdomTree Investments, Inc. *		12,048		149,877
World Acceptance Corp. *		2,008		185,459
				127,122,670
Energy 9.8%
Alon USA Energy, Inc.		4,624		84,665
Alpha Natural Resources, Inc. *		22,088		147,548
Anadarko Petroleum Corp.		55,220		4,830,093
Apache Corp.		43,172		3,545,716
Approach Resources, Inc. *		3,062		77,132
Arch Coal, Inc. (a)		23,092		119,155
Atwood Oceanics, Inc. *		6,024		316,320
Baker Hughes, Inc.		48,192		2,191,772
Berry Petroleum Co., Class A		6,024		260,899
Bill Barrett Corp. *(a)		2,710		61,165
Bonanza Creek Energy, Inc. *		2,314		85,965
Bristow Group, Inc.		3,606		226,637
C&J Energy Services, Inc. *		4,633		86,174
Cabot Oil & Gas Corp.		24,096		1,695,395
Cameron International Corp. *		28,112		1,711,177
CARBO Ceramics, Inc. (a)		2,155		142,015
Carrizo Oil & Gas, Inc. *		4,016		103,051
Cheniere Energy, Inc. *		26,688		783,293
Chesapeake Energy Corp.		57,386		1,253,310
Chevron Corp.		215,741		26,482,208
Cimarex Energy Co.		10,040		704,206
Clean Energy Fuels Corp. *(a)		7,028		93,262
Cloud Peak Energy, Inc. *		7,028		134,938
Cobalt International Energy, Inc. *		30,562		792,778
Comstock Resources, Inc.		5,020		80,973
Concho Resources, Inc. *		11,391		952,971
ConocoPhillips		134,536		8,252,438
CONSOL Energy, Inc.		24,719		857,255
Contango Oil & Gas Co.		1,004		35,120
Continental Resources, Inc. *		6,224		504,953
Crosstex Energy, Inc.		5,622		107,099
CVR Energy, Inc. (a)		2,008		126,122
Delek US Holdings, Inc.		3,193		115,044
Denbury Resources, Inc. *		43,221		793,105
Devon Energy Corp.		42,168		2,397,251
Diamond Offshore Drilling, Inc.		7,428		511,121
Diamondback Energy, Inc. *		3,493		117,959
Dresser-Rand Group, Inc. *		8,181		495,769
Dril-Quip, Inc. *		4,063		367,498
Energen Corp.		8,032		435,254
Ensco plc, Class A		25,225		1,517,788
EOG Resources, Inc.		30,120		3,888,492
EPL Oil & Gas, Inc. *		5,050		153,773
EQT Corp.		17,068		1,363,392
Era Group, Inc. *		2,008		51,726
EXCO Resources, Inc.		17,068		138,763
Exterran Holdings, Inc. *		7,056		204,060
Exxon Mobil Corp.		496,746		44,940,611
FMC Technologies, Inc. *		26,292		1,463,413
Forest Oil Corp. *		12,048		54,818
Forum Energy Technologies, Inc. *(a)		7,273		215,935
Geospace Technologies Corp. *		1,349		117,174
Gulfmark Offshore, Inc., Class A		3,012		138,130
Gulfport Energy Corp. *		6,479		308,984
Halcon Resources Corp. *(a)		10,570		55,810
Halliburton Co.		102,408		4,285,775
Helix Energy Solutions Group, Inc. *		11,044		263,510
Helmerich & Payne, Inc.		11,444		706,553
Hercules Offshore, Inc. *		17,634		121,851
Hess Corp.		33,132		2,233,428
HollyFrontier Corp.		22,587		1,118,056
Hornbeck Offshore Services, Inc. *		4,016		208,912
ION Geophysical Corp. *		19,076		121,896
Key Energy Services, Inc. *		19,076		123,612
Kinder Morgan, Inc.		69,526		2,640,597
Kodiak Oil & Gas Corp. *		27,144		238,324
Laredo Petroleum Holdings, Inc. *		10,789		208,875
Lufkin Industries, Inc.		4,016		354,452
Marathon Oil Corp.		79,316		2,727,677
Marathon Petroleum Corp.		38,152		3,147,540
McDermott International, Inc. *		26,122		249,465
McMoRan Exploration Co. *		11,078		184,227
Murphy Oil Corp.		21,084		1,335,039
Nabors Industries Ltd.		33,132		530,443
National-Oilwell Varco, Inc.		47,188		3,317,316
Newfield Exploration Co. *		14,940		355,423
Newpark Resources, Inc. *		10,070		112,281
Noble Corp.		28,355		1,098,756
Noble Energy, Inc.		40,160		2,315,224
Northern Oil and Gas, Inc. *		7,028		92,559
Oasis Petroleum, Inc. *		8,032		298,469
Occidental Petroleum Corp.		90,360		8,319,445
Oceaneering International, Inc.		12,048		873,239
Oil States International, Inc. *		6,024		593,364
Parker Drilling Co. *		12,629		56,325
Patterson-UTI Energy, Inc.		18,072		379,693
PBF Energy, Inc. (a)		2,710		79,051

6 

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
PDC Energy, Inc. *		4,016		205,579
Peabody Energy Corp.		31,124		612,209
Phillips 66		70,280		4,678,540
Pioneer Energy Services Corp. *		6,653		46,438
Pioneer Natural Resources Co.		14,491		2,009,612
QEP Resources, Inc.		19,240		545,646
Range Resources Corp.		18,072		1,358,653
Rentech, Inc.		40,600		89,320
Resolute Energy Corp. *		9,110		76,706
Rex Energy Corp. *		8,120		134,873
Rosetta Resources, Inc. *		5,514		258,386
Rowan Cos. plc, Class A *		14,056		467,221
RPC, Inc. (a)		5,336		67,180
Sanchez Energy Corp. *(a)		3,593		78,579
SandRidge Energy, Inc. *(a)		38,693		200,043
Schlumberger Ltd.		147,284		10,756,151
SEACOR Holdings, Inc.		2,008		154,194
SemGroup Corp., Class A		5,020		262,646
SM Energy Co.		7,028		426,178
Solazyme, Inc. *(a)		6,040		74,413
Southwestern Energy Co. *		38,152		1,437,949
Spectra Energy Corp.		73,446		2,245,244
Stone Energy Corp. *		5,370		120,879
Superior Energy Services, Inc. *		17,368		463,378
Swift Energy Co. *		5,025		68,139
Targa Resources Corp.		4,016		258,711
Teekay Corp.		4,262		164,684
Tesoro Corp.		16,064		990,346
TETRA Technologies, Inc. *		9,079		94,512
The Williams Cos., Inc.		74,304		2,614,015
Tidewater, Inc.		6,024		331,862
Transocean Ltd.		40,160		2,017,237
Ultra Petroleum Corp. *(a)		17,068		388,809
Unit Corp. *		5,020		226,753
VAALCO Energy, Inc. *		9,110		55,753
Valero Energy Corp.		62,248		2,529,136
W&T Offshore, Inc.		4,016		59,196
Weatherford International Ltd. *		83,332		1,124,149
Western Refining, Inc.		7,028		234,524
Whiting Petroleum Corp. *		12,642		582,417
World Fuel Services Corp.		8,032		327,143
WPX Energy, Inc. *		21,263		409,525
				194,629,980
Food & Staples Retailing 2.0%
Casey’s General Stores, Inc.		5,020		305,015
Costco Wholesale Corp.		48,192		5,285,217
CVS Caremark Corp.		137,690		7,928,190
Harris Teeter Supermarkets, Inc.		5,231		245,857
PriceSmart, Inc.		2,008		169,536
Rite Aid Corp. *		67,536		198,556
Safeway, Inc.		26,323		605,692
Spartan Stores, Inc.		4,060		72,146
SUPERVALU, Inc. *(a)		23,211		149,943
Susser Holdings Corp. *		1,557		73,708
Sysco Corp.		65,260		2,205,788
The Andersons, Inc.		3,012		153,431
The Fresh Market, Inc. *		4,316		213,815
The Kroger Co.		56,642		1,907,136
United Natural Foods, Inc. *		5,020		265,659
Wal-Mart Stores, Inc.		185,948		13,916,348
Walgreen Co.		95,655		4,568,483
Weis Markets, Inc.		2,008		82,147
Whole Foods Market, Inc.		38,822		2,013,309
				40,359,976
Food, Beverage & Tobacco 5.1%
Altria Group, Inc.		222,537		8,033,586
Annie’s, Inc. *		1,057		41,128
Archer-Daniels-Midland Co.		72,449		2,335,031
B&G Foods, Inc.		6,024		173,371
Beam, Inc.		17,168		1,113,173
Boulder Brands, Inc. *		5,020		52,660
Brown-Forman Corp., Class B		16,458		1,132,640
Bunge Ltd.		16,064		1,118,054
Cal-Maine Foods, Inc.		1,357		60,712
Campbell Soup Co.		19,664		841,816
Coca-Cola Enterprises, Inc.		30,370		1,128,549
ConAgra Foods, Inc.		45,324		1,526,966
Constellation Brands, Inc., Class A *		16,246		861,200
Darling International, Inc. *		13,052		255,950
Dean Foods Co. *		20,386		213,849
Dole Food Co., Inc. *		4,028		38,145
Dr. Pepper Snapple Group, Inc.		23,265		1,069,725
Flowers Foods, Inc.		12,536		418,326
Fresh Del Monte Produce, Inc.		5,020		134,385
General Mills, Inc.		71,443		3,363,536
Green Mountain Coffee Roasters, Inc. *		14,209		1,039,104
H.J. Heinz Co.		36,144		2,615,380
Hillshire Brands Co.		13,070		452,745
Hormel Foods Corp.		16,064		639,669
Ingredion, Inc.		9,036		615,532
J&J Snack Foods Corp.		2,060		156,354
Kellogg Co.		28,638		1,776,988
Kraft Foods Group, Inc.		65,427		3,606,991
Lancaster Colony Corp.		2,020		166,589
Lorillard, Inc.		42,909		1,821,058
McCormick & Co., Inc. Non Voting Shares		14,456		998,621
Mead Johnson Nutrition Co.		23,092		1,872,068
Molson Coors Brewing Co., Class B		17,068		843,330
Mondelez International, Inc., Class A		196,180		5,779,463
Monster Beverage Corp. *		17,068		931,742
PepsiCo, Inc.		170,773		13,793,335
Philip Morris International, Inc.		182,614		16,601,439
Pilgrim’s Pride Corp. *		9,413		112,579
Post Holdings, Inc. *		3,012		127,076
Reynolds American, Inc.		36,372		1,749,857
Sanderson Farms, Inc.		3,012		207,587
Seaboard Corp.		26		71,637
Smithfield Foods, Inc. *		13,644		449,433
Snyders-Lance, Inc.		6,024		156,142
The Boston Beer Co., Inc., Class A *		1,004		153,451
The Coca-Cola Co.		424,125		16,960,759
The Hain Celestial Group, Inc. *		5,020		334,432
The Hershey Co.		17,068		1,520,930
The J.M. Smucker Co.		12,095		1,221,111
Tootsie Roll Industries, Inc. (a)		3,148		98,910
TreeHouse Foods, Inc. *		4,016		262,968
Tyson Foods, Inc., Class A		31,124		778,100
Universal Corp.		3,012		176,594

7

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Vector Group Ltd. (a)		5,614		90,105
WhiteWave Foods Co., Class A *(a)		8,341		145,470
WhiteWave Foods Co., Class B *		7,416		122,655
				102,363,006
Health Care Equipment & Services 4.4%
Abaxis, Inc.		2,619		115,262
Abbott Laboratories		174,723		6,407,092
ABIOMED, Inc. *		3,477		74,999
Acadia Healthcare Co., Inc. *		7,679		256,402
Aetna, Inc.		42,238		2,550,330
Air Methods Corp.		3,354		125,574
Alere, Inc. *		9,036		231,141
Align Technology, Inc. *		7,623		272,522
Allscripts Healthcare Solutions, Inc. *		21,084		292,013
AmerisourceBergen Corp.		25,788		1,394,615
AmSurg Corp. *		3,270		116,183
Analogic Corp.		1,208		96,024
ArthroCare Corp. *		3,106		105,387
athenahealth, Inc. *		4,016		339,553
Baxter International, Inc.		61,244		4,307,291
Becton, Dickinson & Co.		21,684		2,138,476
Bio-Reference Labs, Inc. *(a)		2,580		79,593
BioScrip, Inc. *		6,142		85,865
Boston Scientific Corp. *		156,741		1,448,287
Brookdale Senior Living, Inc. *		10,040		284,634
C.R. Bard, Inc.		8,393		865,234
Cantel Medical Corp.		2,280		77,611
Cardinal Health, Inc.		37,442		1,758,276
CareFusion Corp. *		25,100		922,425
Centene Corp. *		6,024		298,188
Cerner Corp. *		16,064		1,578,770
Chemed Corp.		2,055		143,891
CIGNA Corp.		32,256		2,190,182
Community Health Systems, Inc.		11,044		531,989
Computer Programs & Systems, Inc.		1,201		60,146
Conceptus, Inc. *		3,271		101,336
CONMED Corp.		3,049		100,404
Covidien plc		53,212		3,384,283
Cyberonics, Inc. *		2,402		114,599
DaVita HealthCare Partners, Inc. *		9,330		1,157,573
DENTSPLY International, Inc.		16,064		670,833
Dexcom, Inc. *		9,036		188,220
Edwards Lifesciences Corp. *		13,052		867,436
Emeritus Corp. *		3,200		81,344
Endologix, Inc. *		6,145		82,589
Express Scripts Holding Co. *		90,056		5,594,279
Globus Medical, Inc., Class A *(a)		5,755		84,023
Greatbatch, Inc. *		2,414		77,755
Haemonetics Corp. *		6,024		248,671
Hanger, Inc. *		3,545		113,121
HCA Holdings, Inc.		26,811		1,047,238
Health Management Associates, Inc., Class A *		29,116		401,510
Health Net, Inc. *		11,044		351,972
HEALTHSOUTH Corp. *		10,040		294,072
HealthStream, Inc. *		2,114		56,613
Henry Schein, Inc. *		10,040		966,752
Hill-Rom Holdings, Inc.		7,028		253,922
HMS Holdings Corp. *		9,210		229,329
Hologic, Inc. *		28,112		583,324
Humana, Inc.		18,072		1,459,856
ICU Medical, Inc. *		1,190		84,954
IDEXX Laboratories, Inc. *		6,038		497,773
Insulet Corp. *		5,020		149,897
Integra LifeSciences Holdings Corp. *		3,026		114,655
Intuitive Surgical, Inc. *		4,305		2,141,867
IPC The Hospitalist Co. *		1,490		72,652
Kindred Healthcare, Inc. *		10,040		135,540
Laboratory Corp. of America Holdings *		11,044		1,098,768
Landauer, Inc.		1,057		56,211
LifePoint Hospitals, Inc. *		6,024		299,574
Magellan Health Services, Inc. *		4,016		218,872
Masimo Corp.		6,024		130,420
McKesson Corp.		26,104		2,972,201
MedAssets, Inc. *		6,050		99,220
Medidata Solutions, Inc. *		2,619		180,763
MEDNAX, Inc. *		5,320		493,856
Medtronic, Inc.		112,589		5,743,165
Meridian Bioscience, Inc.		7,028		151,875
Merit Medical Systems, Inc. *		5,020		49,547
Molina Healthcare, Inc. *		3,201		120,998
MWI Veterinary Supply, Inc. *		1,251		152,009
National Healthcare Corp.		1,057		50,197
Neogen Corp. *		3,012		164,064
NuVasive, Inc. *		5,207		113,096
NxStage Medical, Inc. *		6,024		84,035
Omnicare, Inc.		13,052		600,784
Omnicell, Inc. *		3,371		61,116
Orthofix International N.V. *		2,046		56,551
Owens & Minor, Inc.		7,028		240,217
Patterson Cos., Inc.		9,230		360,708
Quest Diagnostics, Inc.		17,368		1,074,037
Quidel Corp. *		9,409		224,969
ResMed, Inc. (a)		16,064		771,072
Select Medical Holdings Corp.		28,740		227,046
Sirona Dental Systems, Inc. *		6,099		432,663
St. Jude Medical, Inc.		34,719		1,500,902
STERIS Corp.		6,024		273,128
Stryker Corp.		31,618		2,099,119
Team Health Holdings, Inc. *		5,020		196,131
Teleflex, Inc.		5,020		393,217
Tenet Healthcare Corp. *		13,393		634,426
The Cooper Cos., Inc.		5,020		567,310
The Ensign Group, Inc.		1,557		56,161
Thoratec Corp. *		6,024		187,768
Triple-S Management Corp., Class B *		3,325		70,390
UnitedHealth Group, Inc.		113,846		7,130,175
Universal American Corp.		9,036		82,408
Universal Health Services, Inc., Class B		10,040		694,166
Vanguard Health Systems, Inc. *		7,522		100,193
Varian Medical Systems, Inc. *		12,253		821,074
VCA Antech, Inc. *		9,036		230,960
Vocera Communications, Inc. *		1,457		21,505
Volcano Corp. *		6,024		115,058
WellCare Health Plans, Inc. *		5,020		261,743
WellPoint, Inc.		33,472		2,576,340
West Pharmaceutical Services, Inc.		4,016		275,297

8 

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Wright Medical Group, Inc. *		6,024		150,781
Zimmer Holdings, Inc.		19,223		1,509,198
				87,031,831
Household & Personal Products 2.0%
Avon Products, Inc.		47,188		1,112,221
Central Garden & Pet Co., Class A *		4,328		32,850
Church & Dwight Co., Inc.		16,064		976,852
Colgate-Palmolive Co.		98,592		5,702,561
Elizabeth Arden, Inc. *		2,502		117,844
Energizer Holdings, Inc.		7,142		683,561
Harbinger Group, Inc. *		6,342		54,668
Herbalife Ltd. (a)		13,052		609,137
Kimberly-Clark Corp.		42,703		4,134,931
Nu Skin Enterprises, Inc., Class A		7,028		413,246
Prestige Brands Holdings, Inc. *		5,313		156,149
Revlon, Inc., Class A *		3,371		67,083
Spectrum Brands Holdings, Inc.		2,450		147,711
The Clorox Co.		14,203		1,179,985
The Estee Lauder Cos., Inc., Class A		26,404		1,789,663
The Procter & Gamble Co.		302,750		23,239,090
WD-40 Co.		1,432		77,672
				40,495,224
Insurance 4.4%
ACE Ltd.		37,348		3,349,369
Aflac, Inc.		52,208		2,907,463
Alleghany Corp. *		2,008		783,120
Allied World Assurance Co. Holdings AG		4,016		359,071
American Equity Investment Life Holding Co.		6,623		107,293
American Financial Group, Inc.		8,578		416,548
American International Group, Inc. *		163,035		7,248,536
American National Insurance Co.		1,035		103,376
AMERISAFE, Inc.		2,014		68,335
AmTrust Financial Services, Inc. (a)		3,201		105,729
Aon plc		36,165		2,302,626
Arch Capital Group Ltd. *		15,060		771,223
Argo Group International Holdings Ltd.		4,418		174,981
Arthur J. Gallagher & Co.		14,056		613,966
Aspen Insurance Holdings Ltd.		8,032		295,096
Assurant, Inc.		8,634		429,455
Assured Guaranty Ltd.		21,317		482,191
Axis Capital Holdings Ltd.		13,093		570,331
Berkshire Hathaway, Inc., Class B *		201,446		22,978,945
Brown & Brown, Inc.		13,052		421,188
Cincinnati Financial Corp.		17,068		807,999
Citizens, Inc. *		4,628		28,138
CNA Financial Corp.		4,032		137,773
CNO Financial Group, Inc.		25,508		314,769
Employers Holdings, Inc.		4,016		99,356
Endurance Specialty Holdings Ltd.		6,024		303,188
Enstar Group Ltd. *		1,004		126,775
Erie Indemnity Co., Class A		3,026		229,704
Everest Re Group Ltd.		6,024		780,771
FBL Financial Group, Inc., Class A		2,280		93,685
Fidelity National Financial, Inc., Class A		23,233		611,260
First American Financial Corp.		12,048		287,706
Genworth Financial, Inc., Class A *		53,212		575,222
Greenlight Capital Re Ltd., Class A *		3,012		72,860
Hartford Financial Services Group, Inc.		48,281		1,478,847
HCC Insurance Holdings, Inc.		12,048		516,257
Hilltop Holdings, Inc. *		14,258		228,128
Horace Mann Educators Corp.		4,621		112,290
Infinity Property & Casualty Corp.		1,004		57,981
Kemper Corp.		6,024		205,659
Lincoln National Corp.		30,561		1,089,805
Loews Corp.		34,371		1,574,879
Maiden Holdings Ltd.		5,385		57,512
Markel Corp. *		1,404		734,138
Marsh & McLennan Cos., Inc.		59,867		2,395,877
MBIA, Inc. *		16,576		236,208
Mercury General Corp.		4,016		179,836
MetLife, Inc.		120,230		5,315,368
Montpelier Re Holdings Ltd.		6,165		154,063
National Financial Partners Corp. *		5,020		126,554
Old Republic International Corp.		26,248		357,235
OneBeacon Insurance Group Ltd., Class A		3,478		49,457
PartnerRe Ltd.		7,212		653,768
Platinum Underwriters Holdings Ltd.		3,406		194,483
Primerica, Inc.		5,020		176,804
Principal Financial Group, Inc.		31,166		1,179,633
ProAssurance Corp.		8,032		403,206
Protective Life Corp.		9,036		349,512
Prudential Financial, Inc.		51,398		3,544,920
Reinsurance Group of America, Inc.		8,032		529,228
RenaissanceRe Holdings Ltd.		6,024		517,823
RLI Corp.		2,008		150,761
Safety Insurance Group, Inc.		2,008		105,139
Selective Insurance Group, Inc.		6,024		142,950
StanCorp Financial Group, Inc.		5,020		228,059
Symetra Financial Corp.		8,359		116,692
The Allstate Corp.		53,413		2,576,643
The Chubb Corp.		29,235		2,546,368
The Hanover Insurance Group, Inc.		6,024		302,586
The Navigators Group, Inc. *		1,010		58,903
The Progressive Corp.		62,659		1,597,178
The Travelers Cos., Inc.		42,197		3,532,733
Torchmark Corp.		11,252		725,867
Tower Group International Ltd.		4,501		87,004
United Fire Group, Inc.		2,214		59,446
Unum Group		31,640		901,107
Validus Holdings Ltd.		10,279		371,175
W.R. Berkley Corp.		12,192		499,506
White Mountains Insurance Group Ltd.		512		302,679
XL Group plc		34,292		1,077,798
				86,760,113
Materials 3.8%
A. Schulman, Inc.		3,165		91,469
Air Products & Chemicals, Inc.		23,245		2,194,560
Airgas, Inc.		7,442		765,707
Albemarle Corp.		10,040		671,877
Alcoa, Inc.		116,768		992,528

9

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Allegheny Technologies, Inc.		11,544		318,268
AMCOL International Corp.		2,566		82,035
American Vanguard Corp.		2,380		72,495
AptarGroup, Inc.		7,028		398,628
Ashland, Inc.		8,032		714,205
Axiall Corp.		8,047		347,228
Balchem Corp.		4,016		192,808
Ball Corp.		17,210		742,784
Bemis Co., Inc.		12,048		471,679
Berry Plastics Group, Inc. *		8,484		178,249
Boise, Inc.		13,052		105,199
Buckeye Technologies, Inc.		5,020		187,095
Cabot Corp.		7,028		287,726
Calgon Carbon Corp. *		6,094		110,058
Carpenter Technology Corp.		5,020		241,763
Celanese Corp., Series A		18,072		891,853
CF Industries Holdings, Inc.		7,028		1,342,067
Chemtura Corp. *		12,048		276,261
Clearwater Paper Corp. *		3,012		144,064
Cliffs Natural Resources, Inc. (a)		16,064		289,795
Coeur Mining, Inc. *		10,040		142,468
Commercial Metals Co.		13,052		201,262
Compass Minerals International, Inc.		4,016		350,436
Crown Holdings, Inc. *		16,358		692,761
Cytec Industries, Inc.		5,020		358,779
Deltic Timber Corp.		1,232		77,739
Domtar Corp.		4,016		291,040
E.I. du Pont de Nemours & Co.		103,412		5,769,356
Eagle Materials, Inc.		5,602		413,148
Eastman Chemical Co.		17,068		1,224,117
Ecolab, Inc.		29,116		2,459,429
Ferro Corp. *		16,472		112,998
Flotek Industries, Inc. *		4,528		78,742
FMC Corp.		15,107		947,360
Freeport-McMoRan Copper & Gold, Inc.		114,808		3,564,795
Globe Specialty Metals, Inc.		5,483		67,276
Graphic Packaging Holding Co. *		14,122		108,598
Greif, Inc., Class A		4,016		209,234
H.B. Fuller Co.		5,262		218,741
Haynes International, Inc.		2,008		98,272
Headwaters, Inc. *		16,472		174,768
Hecla Mining Co.		28,112		107,669
Horsehead Holding Corp. *		4,640		53,406
Huntsman Corp.		20,080		390,556
Innophos Holdings, Inc.		3,012		152,347
International Flavors & Fragrances, Inc.		9,036		725,500
International Paper Co.		48,251		2,226,784
Intrepid Potash, Inc.		6,024		113,131
Kaiser Aluminum Corp.		2,008		127,388
KapStone Paper and Packaging Corp.		5,040		146,210
Koppers Holdings, Inc.		3,012		124,004
Kraton Performance Polymers, Inc. *		3,310		68,649
Kronos Worldwide, Inc. (a)		5,155		87,171
Louisiana-Pacific Corp. *		15,060		264,604
LSB Industries, Inc. *		2,010		67,878
LyondellBasell Industries N.V., Class A		41,886		2,791,702
Martin Marietta Materials, Inc.		5,020		547,331
Materion Corp.		2,114		62,997
McEwen Mining, Inc. *		28,614		72,966
MeadWestvaco Corp.		19,076		667,660
Minerals Technologies, Inc.		4,044		172,274
Molycorp, Inc. *(a)		15,575		102,328
Monsanto Co.		59,236		5,961,511
Myers Industries, Inc.		4,016		59,075
Neenah Paper, Inc.		1,457		45,764
NewMarket Corp.		1,130		309,891
Newmont Mining Corp.		55,297		1,895,581
Nucor Corp.		34,642		1,541,915
Olin Corp.		10,040		250,297
OM Group, Inc. *		3,012		88,372
Owens-Illinois, Inc. *		19,076		523,636
P.H. Glatfelter Co.		4,460		110,296
Packaging Corp. of America		11,044		541,156
PolyOne Corp.		10,040		257,928
PPG Industries, Inc.		17,068		2,621,815
Praxair, Inc.		33,132		3,787,982
Quaker Chemical Corp.		2,008		130,098
Reliance Steel & Aluminum Co.		8,079		531,356
Resolute Forest Products *		10,646		162,032
Rock-Tenn Co., Class A		8,173		807,329
Rockwood Holdings, Inc.		8,332		555,411
Royal Gold, Inc.		7,043		385,675
RPM International, Inc.		15,060		498,938
RTI International Metals, Inc. *		3,170		91,962
Schnitzer Steel Industries, Inc., Class A		3,012		74,396
Schweitzer-Mauduit International, Inc.		4,016		193,009
Sealed Air Corp.		21,353		512,899
Sensient Technologies Corp.		6,024		248,610
Sigma-Aldrich Corp.		13,205		1,104,730
Silgan Holdings, Inc.		5,121		239,509
Sonoco Products Co.		11,044		386,761
Steel Dynamics, Inc.		24,096		369,633
Stepan Co.		2,008		108,492
Stillwater Mining Co. *		12,430		149,036
SunCoke Energy, Inc. *		6,530		101,215
Texas Industries, Inc. *(a)		2,202		157,245
The Dow Chemical Co.		133,082		4,586,006
The Mosaic Co.		30,373		1,847,286
The Scotts Miracle-Gro Co., Class A (a)		5,020		237,295
The Sherwin-Williams Co.		9,283		1,750,124
The Valspar Corp.		10,040		719,567
Tredegar Corp.		2,520		62,899
Tronox Ltd., Class A		9,225		212,913
United States Steel Corp. (a)		15,990		282,863
Valhi, Inc.		7,044		113,831
Vulcan Materials Co.		14,162		758,800
W.R. Grace & Co. *		7,528		636,191
Walter Energy, Inc.		4,308		73,494
Wausau Paper Corp.		1,610		18,805
Westlake Chemical Corp.		2,155		201,277
Worthington Industries, Inc.		7,060		242,723
				75,291,904
Media 3.5%
AMC Networks, Inc., Class A *		7,028		449,933
Arbitron, Inc.		3,012		141,293

10 

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Belo Corp., Class A		11,044		123,914
Cablevision Systems Corp., Class A		23,756		359,191
CBS Corp., Class B Non Voting Shares		65,582		3,246,309
Charter Communications, Inc., Class A *		9,156		1,024,739
Cinemark Holdings, Inc.		12,048		353,488
Clear Channel Outdoor Holdings, Inc., Class A *		17,462		149,649
Comcast Corp., Class A		293,587		11,787,518
DIRECTV *		66,737		4,079,633
Discovery Communications, Inc., Series A *		27,202		2,145,150
DISH Network Corp., Class A		25,153		969,397
DreamWorks Animation SKG, Inc., Class A *		7,673		168,346
Gannett Co., Inc.		28,112		604,408
John Wiley & Sons, Inc., Class A		5,420		215,174
Lamar Advertising Co., Class A *		7,028		328,418
Liberty Global, Inc., Series A *		28,112		2,071,854
Liberty Media Corp. *		12,195		1,522,668
Live Nation Entertainment, Inc. *		15,151		206,205
Loral Space & Communications, Inc.		2,008		120,922
Meredith Corp. (a)		5,020		205,720
Morningstar, Inc.		3,012		207,165
National CineMedia, Inc.		7,056		117,200
News Corp., Class A		224,538		7,209,915
Omnicom Group, Inc.		29,210		1,814,817
Regal Entertainment Group, Class A (a)		9,036		159,937
Scholastic Corp.		2,410		72,878
Scripps Networks Interactive, Inc., Class A		10,040		676,294
Sinclair Broadcast Group, Inc., Class A		5,385		145,557
Sirius XM Radio, Inc.		362,715		1,262,248
Starz - Liberty Capital *		12,195		281,461
The Interpublic Group of Cos., Inc.		48,227		685,788
The Madison Square Garden Co., Class A *		6,477		379,099
The New York Times Co., Class A *		18,072		191,021
The Walt Disney Co.		200,267		12,632,842
The Washington Post Co., Class B		412		192,499
Time Warner Cable, Inc.		33,628		3,211,810
Time Warner, Inc.		104,610		6,106,086
Valassis Communications, Inc.		5,020		130,470
Viacom, Inc., Class B		52,223		3,440,973
				69,191,989
Pharmaceuticals, Biotechnology & Life Sciences 7.8%
AbbVie, Inc.		174,723		7,458,925
Achillion Pharmaceuticals, Inc. *		7,405		61,758
Acorda Therapeutics, Inc. *		4,257		142,397
Actavis, Inc. *		14,070		1,734,690
Aegerion Pharmaceuticals, Inc. *		2,762		201,157
Agilent Technologies, Inc.		38,152		1,734,008
Akorn, Inc. *		7,119		103,439
Alexion Pharmaceuticals, Inc. *		21,184		2,066,287
Alkermes plc *		13,258		414,313
Allergan, Inc.		34,136		3,396,191
Alnylam Pharmaceuticals, Inc. *		6,490		198,789
Amgen, Inc.		82,946		8,338,561
Arena Pharmaceuticals, Inc. *(a)		21,390		189,088
ARIAD Pharmaceuticals, Inc. *		20,080		368,267
Array BioPharma, Inc. *		10,070		58,809
Auxilium Pharmaceuticals, Inc. *		5,020		74,898
AVEO Pharmaceuticals, Inc. *		6,380		16,333
Bio-Rad Laboratories, Inc., Class A *		2,008		228,269
Biogen Idec, Inc. *		26,177		6,216,776
BioMarin Pharmaceutical, Inc. *		14,835		930,155
Bristol-Myers Squibb Co.		182,284		8,386,887
Bruker Corp. *		9,036		149,365
Celgene Corp. *		47,482		5,871,149
Celldex Therapeutics, Inc. *		8,716		111,478
Cepheid, Inc. *		8,032		279,192
Charles River Laboratories International, Inc. *		5,314		230,149
Clovis Oncology, Inc. *		3,170		115,959
Covance, Inc. *		7,028		524,148
Cubist Pharmaceuticals, Inc. *		7,028		386,189
Dendreon Corp. *(a)		17,068		68,272
Dynavax Technologies Corp. *		19,412		50,665
Eli Lilly & Co.		112,760		5,994,322
Emergent Biosolutions, Inc. *		5,115		72,633
Endo Health Solutions, Inc. *		13,052		473,788
Exact Sciences Corp. *		6,240		70,138
Exelixis, Inc. *(a)		16,105		77,948
Forest Laboratories, Inc. *		25,541		1,015,255
Genomic Health, Inc. *		2,406		87,771
Gilead Sciences, Inc. *		168,718		9,191,757
Halozyme Therapeutics, Inc. *		10,040		70,983
Hospira, Inc. *		18,072		626,737
Idenix Pharmaceuticals, Inc. *		13,303		63,056
Illumina, Inc. *		14,056		988,418
ImmunoGen, Inc. *		9,036		165,991
Impax Laboratories, Inc. *		9,040		171,308
Incyte Corp. *(a)		14,224		315,346
Infinity Pharmaceuticals, Inc. *		4,224		113,837
Intercept Pharmaceuticals, Inc. *		2,062		68,953
InterMune, Inc. *		8,840		87,339
Ironwood Pharmaceuticals, Inc. *		10,196		136,117
Isis Pharmaceuticals, Inc. *		10,243		221,761
Jazz Pharmaceuticals plc *		5,055		343,588
Johnson & Johnson		309,923		26,089,318
Lexicon Pharmaceuticals, Inc. *		48,355		115,568
Life Technologies Corp. *		20,080		1,487,928
Luminex Corp. *		5,020		96,735
MannKind Corp. *(a)		39,670		264,599
Medivation, Inc. *		8,032		390,034
Merck & Co., Inc.		336,740		15,725,758
Merrimack Pharmaceuticals, Inc. *		9,410		52,131
Mettler-Toledo International, Inc. *		3,259		711,309
Momenta Pharmaceuticals, Inc. *		5,306		69,827
Mylan, Inc. *		46,184		1,407,688
Myriad Genetics, Inc. *		10,040		322,284
Nektar Therapeutics *		15,060		142,618
Neurocrine Biosciences, Inc. *		8,120		104,992
NPS Pharmaceuticals, Inc. *		12,163		191,567
Onyx Pharmaceuticals, Inc. *		7,728		737,638
Opko Health, Inc. *(a)		18,072		119,456
Optimer Pharmaceuticals, Inc. *		6,251		93,015
Pacira Pharmaceuticals, Inc. *		3,071		89,980
PAREXEL International Corp. *		7,028		321,109

11

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
PDL BioPharma, Inc. (a)		20,080		165,660
PerkinElmer, Inc.		14,056		440,234
Perrigo Co.		9,450		1,095,350
Pfizer, Inc.		796,487		21,688,341
Pharmacyclics, Inc. *		6,024		552,039
Puma Biotechnology, Inc. *		3,493		135,983
Questcor Pharmaceuticals, Inc. (a)		7,028		240,147
Quintiles Transnational Holdings, Inc. *		2,828		124,545
Regeneron Pharmaceuticals, Inc. *		8,305		2,008,730
Rigel Pharmaceuticals, Inc. *		9,127		42,167
Salix Pharmaceuticals Ltd. *		6,024		365,476
Santarus, Inc. *		6,286		139,989
Sarepta Therapeutics, Inc. *(a)		3,012		106,474
Seattle Genetics, Inc. *		11,085		380,437
Sequenom, Inc. *(a)		14,734		60,999
Spectrum Pharmaceuticals, Inc. (a)		7,028		57,700
Synageva BioPharma Corp. *		4,274		176,174
Techne Corp.		4,016		267,104
The Medicines Co. *		6,066		195,386
Theravance, Inc. *		8,157		285,821
Thermo Fisher Scientific, Inc.		39,702		3,505,687
United Therapeutics Corp. *		6,024		400,415
Vertex Pharmaceuticals, Inc. *		23,592		1,894,674
ViroPharma, Inc. *		8,088		222,420
VIVUS, Inc. *(a)		10,040		147,588
Warner Chilcott plc, Class A		20,486		393,331
Waters Corp. *		10,040		970,968
Zoetis, Inc. (a)		9,345		299,040
				155,360,042
Real Estate 3.7%
Acadia Realty Trust		5,073		131,492
AG Mortgage Investment Trust, Inc.		2,214		50,679
Alexander & Baldwin, Inc. *		5,020		177,156
Alexander’s, Inc.		699		212,769
Alexandria Real Estate Equities, Inc.		7,028		481,418
American Assets Trust, Inc.		3,472		111,798
American Campus Communities, Inc.		11,326		462,441
American Capital Agency Corp.		43,008		1,109,606
American Capital Mortgage Investment Corp.		7,178		151,241
American Tower Corp.		44,176		3,438,660
Annaly Capital Management, Inc.		109,436		1,486,141
Anworth Mortgage Asset Corp.		22,088		124,355
Apartment Investment & Management Co., Class A		16,070		486,278
Apollo Residential Mortgage, Inc.		2,414		46,011
ARMOUR Residential REIT, Inc.		41,918		216,297
Ashford Hospitality Trust		8,032		106,103
Associated Estates Realty Corp.		4,621		75,923
AvalonBay Communities, Inc.		12,322		1,634,637
Aviv REIT, Inc.		5,450		141,264
BioMed Realty Trust, Inc.		20,799		435,323
Boston Properties, Inc.		17,068		1,819,108
Brandywine Realty Trust		17,068		241,683
BRE Properties, Inc.		8,332		416,517
Camden Property Trust		9,036		625,743
Campus Crest Communities, Inc.		10,920		138,138
Capstead Mortgage Corp.		12,048		147,949
CBL & Associates Properties, Inc.		19,076		438,557
CBRE Group, Inc., Class A *		33,349		773,030
Chesapeake Lodging Trust		3,012		67,921
Chimera Investment Corp.		108,522		330,992
Colonial Properties Trust		10,040		221,984
Colony Financial, Inc.		7,290		161,474
CommonWealth REIT		13,771		281,479
Coresite Realty Corp.		2,008		64,497
Corporate Office Properties Trust		8,568		228,166
Corrections Corp. of America		13,440		472,416
Cousins Properties, Inc.		11,266		116,265
CubeSmart		12,048		188,551
CYS Investments, Inc.		18,231		187,415
DCT Industrial Trust, Inc.		34,136		251,924
DDR Corp.		27,108		473,306
DiamondRock Hospitality Co.		21,122		200,870
Digital Realty Trust, Inc.		14,056		856,151
Douglas Emmett, Inc.		14,056		358,287
Duke Realty Corp.		34,355		569,262
DuPont Fabros Technology, Inc.		7,028		170,288
EastGroup Properties, Inc.		4,016		236,020
Education Realty Trust, Inc.		12,048		126,022
EPR Properties		4,707		246,741
Equity Lifestyle Properties, Inc.		5,020		387,393
Equity One, Inc.		6,480		151,178
Equity Residential		35,448		2,004,584
Essex Property Trust, Inc.		4,016		631,074
Excel Trust, Inc.		10,920		145,891
Extra Space Storage, Inc.		11,044		462,633
Federal Realty Investment Trust		7,028		757,267
FelCor Lodging Trust, Inc. *		14,056		86,585
First Industrial Realty Trust, Inc.		10,040		169,576
First Potomac Realty Trust		5,350		73,188
Forest City Enterprises, Inc., Class A *		14,344		269,093
Forestar Group, Inc. *		3,471		80,076
Franklin Street Properties Corp.		9,036		123,070
General Growth Properties, Inc.		49,414		1,014,469
Getty Realty Corp.		2,614		54,789
Glimcher Realty Trust		15,060		175,901
Government Properties Income Trust		5,029		122,255
Hatteras Financial Corp.		10,640		274,725
HCP, Inc.		49,661		2,352,938
Health Care REIT, Inc.		31,454		2,139,816
Healthcare Realty Trust, Inc.		9,342		248,591
Healthcare Trust of America, Inc.		19,889		228,525
Hersha Hospitality Trust		16,342		93,476
Highwoods Properties, Inc.		8,032		292,525
Home Properties, Inc.		6,024		366,079
Hospitality Properties Trust		14,056		410,154
Host Hotels & Resorts, Inc.		79,572		1,415,586
Hudson Pacific Properties, Inc.		3,071		66,303
Inland Real Estate Corp.		8,320		85,446
Invesco Mortgage Capital, Inc.		12,548		234,020
Investors Real Estate Trust		9,310		83,790
iStar Financial, Inc. *		8,056		95,947
Jones Lang LaSalle, Inc.		5,020		460,987
Kennedy-Wilson Holdings, Inc.		5,020		86,143
Kilroy Realty Corp.		8,032		424,973
Kimco Realty Corp.		45,180		1,000,737
LaSalle Hotel Properties		9,036		238,550

12 

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Lexington Realty Trust		20,094		252,984
Liberty Property Trust		12,648		513,256
LTC Properties, Inc.		3,206		133,402
Mack-Cali Realty Corp.		9,356		247,934
Medical Properties Trust, Inc.		14,662		217,584
MFA Financial, Inc.		39,156		343,790
Mid-America Apartment Communities, Inc.		4,316		293,359
National Health Investors, Inc.		2,349		146,272
National Retail Properties, Inc.		13,721		492,172
NorthStar Realty Finance Corp.		21,999		185,452
OMEGA Healthcare Investors, Inc.		12,048		390,476
Parkway Properties, Inc.		5,055		86,845
Pebblebrook Hotel Trust		6,378		167,359
Pennsylvania REIT		7,028		139,787
Pennymac Mortgage Investment Trust		6,322		136,871
Piedmont Office Realty Trust, Inc., Class A		20,080		381,319
Plum Creek Timber Co., Inc.		18,072		862,034
Post Properties, Inc.		6,024		287,947
Potlatch Corp.		5,020		228,059
ProLogis, Inc.		55,394		2,232,378
PS Business Parks, Inc.		1,598		121,943
Public Storage		16,064		2,438,515
Ramco-Gershenson Properties Trust		5,020		78,362
Rayonier, Inc.		14,056		778,702
Realogy Holdings Corp. *		13,149		679,014
Realty Income Corp.		22,378		1,017,080
Redwood Trust, Inc.		11,044		211,603
Regency Centers Corp.		10,040		518,064
Resource Capital Corp.		9,413		58,267
Retail Opportunity Investments Corp.		5,350		75,114
Retail Properties of America, Inc., Class A		14,014		213,854
RLJ Lodging Trust		11,509		266,548
Rouse Properties, Inc. (a)		4,224		84,945
Ryman Hospitality Properties (a)		5,769		220,722
Sabra Health Care REIT, Inc.		4,060		109,823
Saul Centers, Inc.		1,359		60,870
Select Income REIT		2,662		72,486
Senior Housing Properties Trust		22,515		582,013
Silver Bay Realty Trust Corp.		1,431		25,515
Simon Property Group, Inc.		34,736		5,781,460
SL Green Realty Corp.		10,040		873,279
Sovran Self Storage, Inc.		3,020		195,907
Spirit Realty Capital, Inc.		4,167		83,632
STAG Industrial, Inc.		3,371		74,162
Starwood Property Trust, Inc.		18,991		481,802
Strategic Hotels & Resorts, Inc. *		20,080		161,443
Summit Hotel Properties, Inc.		10,920		107,780
Sun Communities, Inc.		3,024		151,109
Sunstone Hotel Investors, Inc. *		15,070		181,744
Tanger Factory Outlet Centers		10,245		353,248
Taubman Centers, Inc.		7,028		566,316
The Geo Group, Inc.		9,108		317,141
The Howard Hughes Corp. *		3,012		299,995
The Macerich Co.		15,060		977,545
The St. Joe Co. *		11,044		225,519
Two Harbors Investment Corp.		38,736		427,258
UDR, Inc.		27,461		669,225
Universal Health Realty Income Trust		2,008		90,701
Ventas, Inc.		32,428		2,314,386
Vornado Realty Trust		18,466		1,476,357
Washington REIT		7,028		195,519
Weingarten Realty Investors		14,056		448,105
Weyerhaeuser Co.		59,289		1,767,998
WP Carey, Inc.		6,068		411,046
				72,784,078
Retailing 4.4%
Aaron’s, Inc.		9,036		253,821
Abercrombie & Fitch Co., Class A		9,036		452,523
Advance Auto Parts, Inc.		8,046		655,910
Aeropostale, Inc. *		9,036		132,016
Amazon.com, Inc. *		40,168		10,806,397
American Eagle Outfitters, Inc.		20,080		397,383
Ann, Inc. *		6,141		188,406
Asbury Automotive Group, Inc. *		3,338		137,526
Ascena Retail Group, Inc. *		16,064		326,581
AutoNation, Inc. *		4,216		195,327
AutoZone, Inc. *		4,169		1,704,412
Barnes & Noble, Inc. *		3,266		73,485
Bed Bath & Beyond, Inc. *		26,104		1,781,598
Best Buy Co., Inc.		29,462		811,678
Big Lots, Inc. *		7,156		243,662
Blue Nile, Inc. *		1,257		44,699
Brown Shoe Co., Inc.		6,036		125,549
Cabela’s, Inc. *		5,302		355,552
CarMax, Inc. *		25,100		1,173,927
Chico’s FAS, Inc.		20,080		362,645
Conn’s, Inc. *		2,214		108,995
Core-Mark Holding Co., Inc.		1,004		59,427
CST Brands, Inc. *		6,857		208,384
Dick’s Sporting Goods, Inc.		10,440		546,430
Dillard’s, Inc., Class A		4,016		370,556
Dollar General Corp. *		33,458		1,766,582
Dollar Tree, Inc. *		26,164		1,256,919
DSW, Inc., Class A		3,293		243,649
Expedia, Inc.		10,255		589,252
Express, Inc. *		9,528		207,710
Family Dollar Stores, Inc.		10,518		643,176
Five Below, Inc. *		4,192		160,302
Foot Locker, Inc.		18,072		620,231
Francesca’s Holdings Corp. *(a)		3,471		99,097
Fred’s, Inc., Class A		3,471		55,050
GameStop Corp., Class A		13,440		445,670
Genesco, Inc. *		3,012		203,551
Genuine Parts Co.		17,068		1,326,866
GNC Holdings, Inc., Class A		9,036		406,891
Group 1 Automotive, Inc.		3,012		191,413
Groupon, Inc. *		21,617		166,019
Guess?, Inc.		6,475		205,776
Hibbett Sports, Inc. *		2,602		148,392
HomeAway, Inc. *		3,155		96,480
HSN, Inc.		4,110		233,818
J.C. Penney Co., Inc. *		15,501		272,508
Jos. A. Bank Clothiers, Inc. *		4,016		180,439
Kohl’s Corp.		23,550		1,210,706
L Brands, Inc.		26,298		1,315,163

13

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Liberty Interactive Corp., Series A *		56,847		1,276,215
Liberty Ventures, Series A *		3,168		258,414
Lithia Motors, Inc., Class A		2,008		104,597
LKQ Corp. *		32,528		796,285
Lowe’s Cos., Inc.		125,776		5,296,427
Lumber Liquidators Holdings, Inc. *		2,680		220,055
Macy’s, Inc.		44,317		2,142,284
Monro Muffler Brake, Inc.		3,222		151,498
Netflix, Inc. *		6,024		1,362,930
Nordstrom, Inc.		16,605		976,706
O’Reilly Automotive, Inc. *		13,140		1,431,077
Office Depot, Inc. *		30,710		135,431
OfficeMax, Inc.		9,313		121,348
Penske Automotive Group, Inc.		4,370		140,321
PetSmart, Inc.		12,191		822,893
Pier 1 Imports, Inc.		12,048		279,393
Pool Corp.		6,024		309,935
Priceline.com, Inc. *		5,444		4,376,595
Rent-A-Center, Inc.		6,289		230,052
Restoration Hardware Holdings, Inc. *(a)		4,192		234,207
Ross Stores, Inc.		25,308		1,627,304
rue21, Inc. *		1,457		61,179
Saks, Inc. *		11,226		166,482
Sally Beauty Holdings, Inc. *		17,068		522,452
Sears Holdings Corp. *(a)		3,653		178,376
Select Comfort Corp. *		7,028		155,951
Shutterfly, Inc. *		4,032		196,520
Signet Jewelers Ltd.		9,036		619,056
Sonic Automotive, Inc., Class A		5,030		114,533
Stage Stores, Inc.		4,016		92,408
Staples, Inc.		75,300		1,129,500
Target Corp.		71,830		4,992,185
The Buckle, Inc. (a)		3,012		161,082
The Cato Corp., Class A		3,031		75,472
The Children’s Place Retail Stores, Inc. *		2,402		128,099
The Finish Line, Inc., Class A		5,464		115,072
The Gap, Inc.		32,648		1,323,876
The Home Depot, Inc.		165,143		12,990,148
The Men’s Wearhouse, Inc.		6,024		218,069
The TJX Cos., Inc.		80,566		4,077,445
Tiffany & Co.		13,099		1,018,840
Tractor Supply Co.		8,032		899,423
TripAdvisor, Inc. *		12,122		781,748
Ulta Salon, Cosmetics & Fragrance, Inc. *		7,028		637,861
Urban Outfitters, Inc. *		12,390		519,513
Vitamin Shoppe, Inc. *		4,016		175,660
Williams-Sonoma, Inc.		9,430		508,843
				87,716,309
Semiconductors & Semiconductor Equipment 2.1%
Advanced Energy Industries, Inc. *		3,571		65,706
Advanced Micro Devices, Inc. *(a)		66,474		265,896
Altera Corp.		36,144		1,199,619
Analog Devices, Inc.		33,132		1,521,753
Applied Materials, Inc.		136,577		2,075,970
ASML Holding NV - Reg’d		4,619		375,403
Atmel Corp. *		50,200		395,074
ATMI, Inc. *		4,016		95,862
Broadcom Corp., Class A		56,536		2,030,208
Brooks Automation, Inc.		8,032		85,541
Cabot Microelectronics Corp. *		3,012		107,679
Cavium, Inc. *		5,206		170,549
Cirrus Logic, Inc. *		8,133		148,427
Cree, Inc. *		14,066		877,015
Cypress Semiconductor Corp. *		7,028		78,995
Diodes, Inc. *		4,016		94,778
Entegris, Inc. *		15,060		156,925
Entropic Communications, Inc. *		9,413		40,288
Fairchild Semiconductor International, Inc. *		13,646		198,003
First Solar, Inc. *		6,024		327,585
Hittite Microwave Corp. *		2,602		141,237
Integrated Device Technology, Inc. *		15,624		133,116
Intel Corp.		553,204		13,431,793
International Rectifier Corp. *		8,032		176,543
Intersil Corp., Class A		13,052		107,026
KLA-Tencor Corp.		19,076		1,073,788
Kulicke & Soffa Industries, Inc. *		9,036		112,046
Lam Research Corp. *		20,099		940,231
Lattice Semiconductor Corp. *		12,772		65,776
Linear Technology Corp.		25,253		946,988
LSI Corp. *		61,514		455,204
Marvell Technology Group Ltd.		58,232		631,235
Maxim Integrated Products, Inc.		32,222		950,227
Micrel, Inc.		5,185		51,591
Microchip Technology, Inc.		21,084		769,144
Micron Technology, Inc. *		111,947		1,307,541
Microsemi Corp. *		11,044		242,195
MKS Instruments, Inc.		6,024		169,576
Monolithic Power Systems, Inc.		3,470		85,258
NVIDIA Corp.		67,840		983,002
OmniVision Technologies, Inc. *		6,264		115,696
ON Semiconductor Corp. *		48,192		412,524
PMC-Sierra, Inc. *		24,096		144,817
Power Integrations, Inc.		3,040		129,778
Rambus, Inc. *		12,048		94,938
RF Micro Devices, Inc. *		39,156		216,141
Semtech Corp. *		8,032		293,489
Silicon Image, Inc. *		10,170		61,935
Silicon Laboratories, Inc. *		5,020		215,659
Skyworks Solutions, Inc. *		21,084		503,064
Spansion, Inc., Class A *		5,185		71,035
SunEdison, Inc. *		27,162		219,197
SunPower Corp. *(a)		17,141		330,821
Teradyne, Inc. *		20,080		360,235
Tessera Technologies, Inc.		6,024		124,998
Texas Instruments, Inc.		125,594		4,507,569
TriQuint Semiconductor, Inc. *		18,072		127,227
Ultratech, Inc. *		4,016		146,423
Veeco Instruments, Inc. *		4,163		176,470
Volterra Semiconductor Corp. *		5,020		70,581
Xilinx, Inc.		28,536		1,159,988
				42,567,378
Software & Services 9.4%
Accelrys, Inc. *		6,242		52,058
Accenture plc, Class A		71,513		5,871,932
ACI Worldwide, Inc. *		4,206		195,621
Activision Blizzard, Inc.		46,184		666,435

14 

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Acxiom Corp. *		10,040		220,780
Adobe Systems, Inc. *		54,303		2,330,142
Advent Software, Inc. *		4,016		133,251
Akamai Technologies, Inc. *		20,080		926,090
Alliance Data Systems Corp. *		5,367		950,442
ANSYS, Inc. *		10,187		758,931
AOL, Inc. *		11,102		384,795
Aspen Technology, Inc. *		10,193		312,110
Autodesk, Inc. *		25,100		947,023
Automatic Data Processing, Inc.		53,406		3,670,060
Blackbaud, Inc.		7,028		213,229
Blucora, Inc. *		4,228		77,161
BMC Software, Inc. *		16,420		743,744
Booz Allen Hamilton Holding Corp.		13,521		235,806
Bottomline Technologies (de), Inc. *		5,020		138,703
Broadridge Financial Solutions, Inc.		14,077		382,050
BroadSoft, Inc. *		3,012		83,493
CA, Inc.		37,601		1,026,883
CACI International, Inc., Class A *		3,012		193,190
Cadence Design Systems, Inc. *		29,116		440,525
Cardtronics, Inc. *		5,020		143,221
Cass Information Systems, Inc.		1,244		55,831
Citrix Systems, Inc. *		21,084		1,356,755
Cognizant Technology Solutions Corp., Class A *		32,622		2,109,012
CommVault Systems, Inc. *		5,020		351,400
Computer Sciences Corp.		17,068		761,403
Compuware Corp. *		26,104		293,148
comScore, Inc. *		3,693		73,048
Comverse, Inc. *		2,279		68,051
Concur Technologies, Inc. *		5,020		405,265
Convergys Corp.		14,056		255,397
CoreLogic, Inc. *		11,485		300,907
Cornerstone OnDemand, Inc. *		3,450		140,208
CoStar Group, Inc. *		3,012		336,772
CSG Systems International, Inc. *		4,016		86,866
Dealertrack Technologies, Inc. *		4,016		129,476
Demand Media, Inc. *		4,528		38,805
Demandware, Inc. *		1,457		44,599
Dice Holdings, Inc. *		6,042		54,499
Digital River, Inc. *		4,621		80,729
DST Systems, Inc.		4,016		273,811
EarthLink, Inc.		11,520		68,314
eBay, Inc. *		128,173		6,934,159
Ebix, Inc. (a)		3,012		59,758
Electronic Arts, Inc. *		36,144		830,951
Ellie Mae, Inc. *		1,557		34,861
EPAM Systems, Inc. *		2,514		58,224
EPIQ Systems, Inc.		3,571		43,316
Equinix, Inc. *		5,199		1,053,525
Euronet Worldwide, Inc. *		6,024		183,732
ExactTarget, Inc. *		9,191		211,485
Exlservice Holdings, Inc. *		3,012		88,342
Facebook, Inc., Class A *		60,756		1,479,409
FactSet Research Systems, Inc. (a)		5,020		492,914
Fair Isaac Corp.		3,468		170,209
Fidelity National Information Services, Inc.		33,572		1,507,383
Fiserv, Inc. *		15,074		1,313,850
FleetCor Technologies, Inc. *		7,368		641,605
Forrester Research, Inc.		1,457		52,787
Fortinet, Inc. *		14,134		272,221
Gartner, Inc. *		10,040		568,364
Genpact Ltd.		14,509		280,749
Global Cash Access Holdings, Inc. *		7,099		46,853
Global Payments, Inc.		8,574		411,209
Google, Inc., Class A *		29,569		25,737,153
Guidewire Software, Inc. *		3,420		140,083
Heartland Payment Systems, Inc.		3,611		115,769
IAC/InterActiveCorp		9,036		438,065
iGate Corp. *		4,467		64,816
Imperva, Inc. *		1,357		54,049
Infoblox, Inc. *		4,028		98,001
Informatica Corp. *		11,644		423,376
Interactive Intelligence Group, Inc. *		1,457		73,141
International Business Machines Corp.		116,163		24,164,227
Intuit, Inc.		30,420		1,777,745
j2 Global, Inc.		5,141		210,215
Jack Henry & Associates, Inc.		10,040		471,177
Jive Software, Inc. *		9,157		154,753
Lender Processing Services, Inc.		10,040		332,224
LinkedIn Corp., Class A *		7,228		1,210,907
Liquidity Services, Inc. *(a)		3,012		120,510
LivePerson, Inc. *		5,174		47,808
LogMeIn, Inc. *		2,462		62,658
Manhattan Associates, Inc. *		3,012		225,990
ManTech International Corp., Class A		5,165		139,920
MasterCard, Inc., Class A		11,717		6,681,619
MAXIMUS, Inc.		3,431		256,056
Mentor Graphics Corp.		9,036		171,594
MICROS Systems, Inc. *		9,036		381,319
Microsoft Corp.		839,405		29,278,446
MicroStrategy, Inc., Class A *		1,004		91,846
Millennial Media, Inc. *		6,568		51,822
Monotype Imaging Holdings, Inc.		4,016		91,404
Monster Worldwide, Inc. *		15,120		83,614
Netscout Systems, Inc. *		3,524		85,809
NetSuite, Inc. *		3,059		267,968
NeuStar, Inc., Class A *		8,032		389,231
NIC, Inc.		6,024		100,721
Nuance Communications, Inc. *		26,743		508,117
OpenTable, Inc. *		2,508		167,284
Oracle Corp.		408,811		13,801,459
Pandora Media, Inc. *(a)		10,306		175,408
Paychex, Inc.		36,144		1,345,641
Pegasystems, Inc.		2,130		68,863
Progress Software Corp. *		6,502		152,862
Proofpoint, Inc. *		3,271		66,074
PROS Holdings, Inc. *		2,514		72,730
PTC, Inc. *		13,279		333,436
QLIK Technologies, Inc. *		8,318		255,862
QuinStreet, Inc. *		6,042		46,765
Rackspace Hosting, Inc. *		12,048		452,161
RealPage, Inc. *(a)		3,637		69,248
Red Hat, Inc. *		21,084		1,016,881
Responsys, Inc. *		4,628		45,262
Rovi Corp. *		12,386		319,559
SAIC, Inc.		31,332		454,314
Salesforce.com, Inc. *		59,655		2,525,196
Sapient Corp. *		11,612		149,563
ServiceNow, Inc. *		1,821		66,940
SolarWinds, Inc. *		6,601		278,232

15

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Solera Holdings, Inc.		7,428		406,832
Sourcefire, Inc. *		3,012		168,552
Splunk, Inc. *		2,580		120,641
SS&C Technologies Holdings, Inc. *		3,609		114,153
Symantec Corp. *		79,899		1,788,939
Synchronoss Technologies, Inc. *		4,016		125,902
Synopsys, Inc. *		16,317		594,755
Syntel, Inc.		1,414		90,369
Take-Two Interactive Software, Inc. *		10,040		167,066
Tangoe, Inc. *		3,371		50,262
TeleTech Holdings, Inc. *		4,086		91,894
Teradata Corp. *		19,076		1,063,487
TIBCO Software, Inc. *		16,652		355,187
TiVo, Inc. *		15,060		194,876
Total System Services, Inc.		17,603		413,847
Tyler Technologies, Inc. *		4,016		277,144
Ultimate Software Group, Inc. *		3,012		335,236
Unisys Corp. *		5,020		103,663
United Online, Inc.		9,613		65,465
ValueClick, Inc. *		9,036		238,008
Vantiv, Inc., Class A *		9,039		240,528
VeriFone Systems, Inc. *		9,114		212,630
Verint Systems, Inc. *		5,691		191,047
VeriSign, Inc. *		18,072		850,107
VirnetX Holding Corp. *(a)		4,358		103,241
Virtusa Corp. *		2,614		61,324
Visa, Inc., Class A		57,501		10,243,228
VMware, Inc., Class A *		9,228		656,295
Vocus, Inc. *		2,414		21,098
Web.com Group, Inc. *		4,016		84,296
WebMD Health Corp. *		4,016		118,552
Websense, Inc. *		4,179		103,848
Western Union Co.		68,272		1,118,295
WEX, Inc. *		4,163		307,521
Workday, Inc., Class A *		2,228		143,104
Yahoo! Inc. *		109,490		2,879,587
Yelp, Inc. *		6,689		199,399
Zillow, Inc., Class A *(a)		1,414		79,382
Zynga, Inc., Class A *		50,420		171,428
				186,034,958
Technology Hardware & Equipment 6.0%
3D Systems Corp. *(a)		7,707		373,944
ADTRAN, Inc.		7,028		162,487
Amphenol Corp., Class A		18,072		1,407,809
Anixter International, Inc. *		3,059		234,717
Apple, Inc.		104,035		46,782,459
ARRIS Group, Inc. *		15,060		227,858
Arrow Electronics, Inc. *		11,685		464,596
Aruba Networks, Inc. *		11,044		164,997
Avnet, Inc. *		17,068		583,043
AVX Corp.		11,646		139,519
Badger Meter, Inc.		1,490		66,394
Benchmark Electronics, Inc. *		6,212		121,134
Black Box Corp.		1,557		41,899
Brocade Communications Systems, Inc. *		50,565		274,568
Ciena Corp. *		10,040		168,070
Cisco Systems, Inc.		591,154		14,234,988
Cognex Corp.		5,020		225,549
Coherent, Inc.		3,012		172,889
Comtech Telecommunications Corp.		2,150		56,760
Corning, Inc.		167,162		2,569,280
Daktronics, Inc.		5,285		54,277
Dell, Inc.		160,887		2,147,841
Diebold, Inc.		7,028		226,372
Dolby Laboratories, Inc., Class A (a)		3,012		105,420
DTS, Inc. *		2,114		41,773
EchoStar Corp., Class A *		4,290		170,356
Electro Rent Corp.		2,614		44,464
Electronics for Imaging, Inc. *		5,020		140,008
EMC Corp. *		232,692		5,761,454
Emulex Corp. *		15,060		93,824
F5 Networks, Inc. *		7,852		653,365
Fabrinet *		4,028		58,527
FARO Technologies, Inc. *		3,012		112,709
FEI Co.		4,087		294,305
Finisar Corp. *		10,040		131,524
FLIR Systems, Inc.		17,068		415,776
Harmonic, Inc. *		16,240		99,064
Harris Corp.		12,342		618,704
Hewlett-Packard Co.		216,952		5,297,968
Infinera Corp. *		20,080		211,442
Ingram Micro, Inc., Class A *		17,068		326,169
Insight Enterprises, Inc. *		5,020		96,635
InterDigital, Inc.		5,020		230,870
Intermec, Inc. *		7,499		73,940
InvenSense, Inc. *		10,830		139,490
IPG Photonics Corp. (a)		3,106		184,186
Itron, Inc. *		4,016		168,672
Ixia *		6,063		95,310
Jabil Circuit, Inc.		22,088		443,085
JDS Uniphase Corp. *		27,108		369,211
Juniper Networks, Inc. *		59,236		1,050,254
Lexmark International, Inc., Class A		5,072		154,747
Littelfuse, Inc.		2,008		147,568
Measurement Specialties, Inc. *		1,590		70,676
Methode Electronics, Inc.		4,628		72,798
Molex, Inc.		16,064		471,318
Motorola Solutions, Inc.		31,432		1,821,799
MTS Systems Corp.		1,435		86,617
Multi-Fineline Electronix, Inc. *		2,280		36,252
National Instruments Corp.		11,044		313,650
NCR Corp. *		17,068		570,071
NetApp, Inc. *		41,164		1,544,885
NETGEAR, Inc. *		4,016		133,652
Newport Corp. *		4,128		54,324
OSI Systems, Inc. *		2,055		118,861
Palo Alto Networks, Inc. *		3,503		169,966
Park Electrochemical Corp.		2,380		57,477
Plantronics, Inc.		6,024		278,309
Plexus Corp. *		3,554		103,706
Polycom, Inc. *		15,190		172,103
Power-One, Inc. *		15,350		97,165
QLogic Corp. *		6,834		66,563
QUALCOMM, Inc.		190,373		12,084,878
Quantum Corp. *		31,367		48,619
RealD, Inc. *(a)		5,250		79,223
Riverbed Technology, Inc. *		14,160		218,914
Rofin-Sinar Technologies, Inc. *		3,205		85,766
Rogers Corp. *		1,490		68,942
Ruckus Wireless, Inc. *(a)		4,424		55,388
SanDisk Corp. *		27,108		1,599,914

16 

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Sanmina Corp. *		8,032		109,075
ScanSource, Inc. *		2,584		82,507
Seagate Technology plc		38,696		1,667,024
Sonus Networks, Inc. *		28,629		91,899
Super Micro Computer, Inc. *		4,060		41,859
Synaptics, Inc. *		4,016		165,700
SYNNEX Corp. *		2,464		99,915
TE Connectivity Ltd.		48,196		2,139,420
Tech Data Corp. *		5,020		251,602
Trimble Navigation Ltd. *		28,112		784,325
TTM Technologies, Inc. *		6,589		53,239
Ubiquiti Networks, Inc. (a)		6,586		124,541
Universal Display Corp. *		2,778		82,729
ViaSat, Inc. *		5,020		351,701
Vishay Intertechnology, Inc. *		15,531		226,131
Western Digital Corp.		25,100		1,589,332
Xerox Corp.		144,142		1,267,008
Zebra Technologies Corp., Class A *		6,024		275,056
				118,517,169
Telecommunication Services 2.5%
AT&T, Inc.		610,199		21,350,863
Atlantic Tele-Network, Inc.		2,008		99,938
CenturyLink, Inc.		69,558		2,375,406
Cincinnati Bell, Inc. *		22,088		75,983
Clearwire Corp., Class A *		39,552		177,193
Cogent Communications Group, Inc.		5,020		138,000
Consolidated Communications Holdings, Inc.		3,012		51,264
Crown Castle International Corp. *		32,234		2,296,672
Frontier Communications Corp. (a)		109,436		453,065
General Communication, Inc., Class A *		7,117		61,847
Leap Wireless International, Inc. *		10,310		58,252
Level 3 Communications, Inc. *		18,072		387,283
NII Holdings, Inc. *(a)		18,072		139,335
NTELOS Holdings Corp.		3,170		51,893
Premiere Global Services, Inc. *		7,028		84,687
SBA Communications Corp., Class A *		13,752		1,035,113
Shenandoah Telecommunications Co.		6,140		102,170
Sprint Nextel Corp. *		341,620		2,493,826
T-Mobile US, Inc. *		17,359		372,003
Telephone & Data Systems, Inc.		13,052		303,459
tw telecom, Inc. *		17,068		486,950
United States Cellular Corp. *		2,008		79,718
USA Mobility, Inc.		6,140		82,767
Verizon Communications, Inc.		316,861		15,361,421
Vonage Holdings Corp. *		39,210		107,435
Windstream Corp. (a)		65,260		524,038
				48,750,581
Transportation 1.9%
Alaska Air Group, Inc. *		8,032		456,378
Allegiant Travel Co.		2,008		185,760
AMERCO		1,004		173,090
Atlas Air Worldwide Holdings, Inc. *		3,012		139,817
Avis Budget Group, Inc. *		10,312		341,946
C.H. Robinson Worldwide, Inc.		18,072		1,024,502
Con-way, Inc.		6,110		232,302
CSX Corp.		115,526		2,912,410
Delta Air Lines, Inc. *		92,774		1,670,860
Expeditors International of Washington, Inc.		23,092		901,281
FedEx Corp.		32,175		3,099,739
Forward Air Corp.		4,016		155,700
Genesee & Wyoming, Inc., Class A *		5,020		447,031
Heartland Express, Inc.		5,525		79,284
Hertz Global Holdings, Inc. *		41,813		1,080,030
Hub Group, Inc., Class A *		4,144		150,469
J.B. Hunt Transport Services, Inc.		9,630		709,346
JetBlue Airways Corp. *		31,124		193,280
Kansas City Southern		12,072		1,336,370
Kirby Corp. *		6,024		470,354
Knight Transportation, Inc.		5,020		86,043
Landstar System, Inc.		6,024		318,007
Matson, Inc.		5,020		126,353
Norfolk Southern Corp.		35,204		2,696,274
Old Dominion Freight Line, Inc. *		7,586		326,653
Roadrunner Transportation Systems, Inc. *		2,514		69,638
Ryder System, Inc.		6,024		379,753
SkyWest, Inc.		5,455		76,534
Southwest Airlines Co.		82,328		1,166,588
Spirit Airlines, Inc. *		5,085		154,737
Swift Transportation Co. *		9,072		152,772
Union Pacific Corp.		52,355		8,095,130
United Continental Holdings, Inc. *		36,466		1,183,686
United Parcel Service, Inc., Class B		79,463		6,825,872
US Airways Group, Inc. *(a)		18,072		317,525
UTI Worldwide, Inc.		12,048		190,720
Werner Enterprises, Inc.		4,604		115,238
Wesco Aircraft Holdings, Inc. *		5,296		92,945
				38,134,417
Utilities 3.3%
AGL Resources, Inc.		12,645		535,263
ALLETE, Inc.		5,020		237,546
Alliant Energy Corp.		12,048		593,484
Ameren Corp.		26,562		904,170
American Electric Power Co., Inc.		54,216		2,484,177
American States Water Co.		2,008		106,685
American Water Works Co., Inc.		19,079		762,015
Aqua America, Inc.		15,060		468,215
Atmos Energy Corp.		10,040		423,889
Avista Corp.		8,032		214,535
Black Hills Corp.		4,540		215,514
California Water Service Group		4,404		86,891
Calpine Corp. *		43,178		876,945
CenterPoint Energy, Inc.		46,743		1,083,503
CH Energy Group, Inc.		2,008		129,978
Chesapeake Utilities Corp.		3,970		210,212
Cleco Corp.		6,424		292,356
CMS Energy Corp.		30,120		811,734
Connecticut Water Service, Inc.		2,262		64,173
Consolidated Edison, Inc.		32,128		1,833,545
Dominion Resources, Inc.		62,876		3,555,638
DTE Energy Co.		18,672		1,243,742
Duke Energy Corp.		77,584		5,192,697
Dynegy, Inc. *		8,712		212,311

17

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Edison International		35,646		1,637,577
El Paso Electric Co.		5,020		179,666
Entergy Corp.		20,080		1,383,110
Exelon Corp.		94,376		2,957,744
FirstEnergy Corp.		46,184		1,801,638
Great Plains Energy, Inc.		16,570		373,985
Hawaiian Electric Industries, Inc.		10,040		262,747
IDACORP, Inc.		6,024		284,514
Integrys Energy Group, Inc.		8,432		485,093
ITC Holdings Corp.		6,024		521,498
MDU Resources Group, Inc.		20,586		532,354
MGE Energy, Inc.		2,336		124,672
National Fuel Gas Co.		9,122		558,266
New Jersey Resources Corp.		5,020		227,808
NextEra Energy, Inc.		46,484		3,515,120
NiSource, Inc.		33,872		973,143
Northeast Utilities		34,755		1,448,241
Northwest Natural Gas Co.		4,016		171,604
NorthWestern Corp.		4,016		165,299
NRG Energy, Inc.		35,493		905,781
NV Energy, Inc.		25,100		588,344
OGE Energy Corp.		10,540		715,350
ONEOK, Inc.		22,088		997,052
Ormat Technologies, Inc.		4,431		101,115
Otter Tail Corp.		3,368		92,014
Pepco Holdings, Inc.		28,404		589,951
PG&E Corp.		49,248		2,211,728
Piedmont Natural Gas Co., Inc.		7,628		257,750
Pinnacle West Capital Corp.		12,048		680,471
PNM Resources, Inc.		9,036		202,587
Portland General Electric Co.		8,032		244,494
PPL Corp.		64,256		1,908,403
Public Service Enterprise Group, Inc.		56,224		1,857,641
Questar Corp.		19,229		467,457
SCANA Corp.		16,116		812,891
Sempra Energy		25,100		2,040,630
SJW Corp.		7,845		212,207
South Jersey Industries, Inc.		4,016		234,615
Southwest Gas Corp.		5,020		237,697
TECO Energy, Inc.		21,084		371,289
The AES Corp.		70,691		862,430
The Empire District Electric Co.		4,372		95,004
The Laclede Group, Inc.		2,008		95,039
The Southern Co.		96,384		4,231,258
UGI Corp.		12,048		460,113
UIL Holdings Corp.		5,337		207,930
Unitil Corp.		3,472		97,528
UNS Energy Corp.		4,016		188,270
Vectren Corp.		9,036		310,296
Westar Energy, Inc.		13,538		429,425
WGL Holdings, Inc.		6,024		258,550
Wisconsin Energy Corp.		26,104		1,065,304
Xcel Energy, Inc.		53,398		1,533,591
				65,707,502
Total Common Stock
(Cost $1,638,067,958)				1,980,340,742
Other Investment Companies 0.1% of net assets
Equity Fund 0.0%
iShares Russell 3000 Index Fund (a)		2,000		194,400
Money Market Fund 0.1%
State Street Institutional U.S. Government Money Market Fund		806,623		806,623
Total Other Investment Companies
(Cost $987,362)				1,001,023
End of Investments
Collateral Invested for Securities on Loan 0.4% of net assets
State Street Institutional U.S. Government Money Market Fund		8,087,454		8,087,454
Total Collateral Invested for Securities on Loan
(Cost $8,087,454)				8,087,454
End of Collateral Invested for Securities on Loan

At 05/31/13, the tax basis cost of the fund’s investments was $1,639,503,175 and the unrealized appreciation and depreciation were $361,415,860 and ($19,577,270), respectively, with a net unrealized appreciation of $341,838,590.

*	Non-income producing security.
(a)	All or a portion of this security is on loan.
(b)	Issuer is affiliated with the fund’s adviser.

Reg’d —	Registered
REIT —	Real Estate Investment Trust

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

18 

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more

19

 Schwab U.S. Broad Market ETF

Portfolio Holdings (Unaudited) continued

valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Common Stock1		$1,980,340,742		$—		$—		$1,980,340,742
Other Investment Companies1		1,001,023		—		—		1,001,023
Total		$1,981,341,765		$—		$—		$1,981,341,765
Other Financial Instruments
Collateral Invested for Securities on Loan		$8,087,454		$—		$—		$8,087,454

¹ As categorized in Portfolio Holdings.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:

	Balance				Change in											Balance
	as of		Realized		Unrealized							Gross		Gross		as of
	August 31,		Gains		Gains		Gross		Gross			Transfers		Transfers		May 31,
Investments in Securities	2012		(Losses)		(Losses)		Purchases		Sales			in		out		2013
Rights		$—		$4,294		$4,273		$7,110		($15,677	)		$—		$—		$—
Total		$—		$4,294		$4,273		$7,110		($15,677	)		$—		$—		$—

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended May 31, 2013.

REG54093MAY13

20 

Schwab Strategic Trust
Schwab U.S. Large-Cap ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	99	.7%	Common Stock		1,285,536,093		1,559,183,430
	0	.1%	Other Investment Companies		696,329		699,423
	99	.8%	Total Investments		1,286,232,422		1,559,882,853
	0	.1%	Collateral Invested for Securities on Loan		1,861,858		1,861,858
	0	.1%	Other Assets and Liabilities, Net				1,686,785
	100	.0%	Net Assets				1,563,431,496

	Number		Value
Security	of Shares		($)
Common Stock 99.7% of net assets
Automobiles & Components 1.1%
Allison Transmission Holdings, Inc.		4,015		95,557
BorgWarner, Inc. *		11,557		936,926
Delphi Automotive plc		28,402		1,386,302
Ford Motor Co.		381,508		5,982,046
General Motors Co. *		74,352		2,519,789
Harley-Davidson, Inc.		21,732		1,185,263
Johnson Controls, Inc.		66,756		2,494,004
Lear Corp.		9,636		577,967
Tesla Motors, Inc. *(a)		6,889		673,469
TRW Automotive Holdings Corp. *		10,443		661,564
				16,512,887
Banks 2.8%
BB&T Corp.		67,922		2,235,992
BOK Financial Corp.		2,435		158,519
CIT Group, Inc. *		19,370		892,570
Comerica, Inc.		18,678		737,594
Cullen/Frost Bankers, Inc.		6,259		402,767
Fifth Third Bancorp		85,148		1,549,694
First Republic Bank		6,051		224,855
Hudson City Bancorp, Inc.		48,226		409,921
Huntington Bancshares, Inc.		83,516		647,249
KeyCorp		91,543		986,834
M&T Bank Corp.		11,685		1,225,756
New York Community Bancorp, Inc.		42,681		558,267
Ocwen Financial Corp. *		11,260		481,703
People’s United Financial, Inc.		35,744		491,837
Regions Financial Corp.		137,313		1,253,668
SunTrust Banks, Inc.		52,195		1,674,938
The PNC Financial Services Group, Inc.		51,899		3,718,044
U.S. Bancorp		181,058		6,347,893
Wells Fargo & Co.		477,637		19,368,180
Zions Bancorp		17,666		495,531
				43,861,812
Capital Goods 7.7%
3M Co.		62,140		6,852,178
AGCO Corp.		9,636		534,509
AMETEK, Inc.		23,401		1,009,753
B/E Aerospace, Inc. *		10,036		636,684
Carlisle Cos., Inc.		6,092		398,478
Caterpillar, Inc.		63,643		5,460,569
Colfax Corp. *		6,472		322,953
Cummins, Inc.		17,063		2,041,247
Danaher Corp.		56,729		3,506,987
Deere & Co.		37,810		3,293,629
Donaldson Co., Inc.		13,132		492,581
Dover Corp.		16,945		1,325,946
Eaton Corp. plc		45,817		3,026,671
Emerson Electric Co.		70,345		4,042,024
Fastenal Co.		26,064		1,360,020
Flowserve Corp.		4,552		765,328
Fluor Corp.		16,102		1,017,807
Fortune Brands Home & Security, Inc.		15,727		664,938
General Dynamics Corp.		32,173		2,480,538
General Electric Co.		1,013,233		23,628,594
Honeywell International, Inc.		76,288		5,985,556
Hubbell, Inc., Class B		5,008		502,953
IDEX Corp.		7,911		435,501
Illinois Tool Works, Inc.		40,373		2,831,358
Ingersoll-Rand plc		26,886		1,546,752
Jacobs Engineering Group, Inc. *		12,525		714,050
Joy Global, Inc.		10,439		564,541
KBR, Inc.		14,454		521,789
L-3 Communications Holdings, Inc.		9,023		767,767
Lincoln Electric Holdings, Inc.		8,030		480,194
Lockheed Martin Corp.		26,036		2,755,390
Masco Corp.		35,340		742,847
MSC Industrial Direct Co., Inc., Class A		4,410		364,575
Nordson Corp.		5,423		386,226
Northrop Grumman Corp.		22,945		1,890,439
Oshkosh Corp. *		8,421		335,324
Owens Corning *		11,242		491,275
PACCAR, Inc.		34,529		1,850,754
Pall Corp.		10,529		718,078
Parker Hannifin Corp.		14,496		1,446,121
Pentair Ltd. - Reg’d		20,359		1,185,708
Precision Castparts Corp.		14,289		3,056,703
Quanta Services, Inc. *		20,122		570,861
Raytheon Co.		32,201		2,145,875
Rockwell Automation, Inc.		13,651		1,201,561
Rockwell Collins, Inc.		13,693		886,622
Roper Industries, Inc.		9,636		1,196,984
Snap-On, Inc.		5,627		512,563
SPX Corp.		4,822		380,552

1

 Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Stanley Black & Decker, Inc.		15,541		1,231,158
Terex Corp. *		10,702		383,881
Textron, Inc.		27,372		737,949
The Boeing Co.		66,675		6,602,158
The Timken Co.		7,611		432,000
TransDigm Group, Inc.		4,657		680,388
United Rentals, Inc. *		8,999		511,503
United Technologies Corp.		82,102		7,791,480
Valmont Industries, Inc.		2,197		334,669
W.W. Grainger, Inc.		5,833		1,501,648
WABCO Holdings, Inc. *		6,067		457,573
Wabtec Corp.		4,555		501,096
Xylem, Inc.		17,774		500,160
				120,996,016
Commercial & Professional Services 0.8%
Avery Dennison Corp.		10,439		454,097
Cintas Corp.		10,020		457,463
Copart, Inc. *		10,157		349,299
Equifax, Inc.		11,464		698,158
IHS, Inc., Class A *		4,839		508,724
Iron Mountain, Inc.		16,917		606,305
Manpowergroup, Inc.		8,032		459,993
Nielsen Holdings N.V.		20,878		707,973
Republic Services, Inc.		29,831		1,017,237
Robert Half International, Inc.		13,651		474,509
Rollins, Inc.		6,294		158,986
Stericycle, Inc. *		8,272		907,935
The ADT Corp. *		22,484		912,626
The Dun & Bradstreet Corp.		4,209		413,071
Towers Watson & Co., Class A		5,621		436,639
Tyco International Ltd.		44,968		1,520,368
Verisk Analytics, Inc., Class A *		14,051		826,480
Waste Connections, Inc.		12,045		484,691
Waste Management, Inc.		42,308		1,773,974
				13,168,528
Consumer Durables & Apparel 1.4%
Carter’s, Inc.		4,935		355,665
Coach, Inc.		27,413		1,597,081
D.R. Horton, Inc.		27,116		660,546
Fossil, Inc. *		5,060		537,372
Garmin Ltd.		11,242		392,683
Hanesbrands, Inc.		9,452		471,277
Hasbro, Inc.		11,242		500,044
Jarden Corp. *		10,827		504,322
Leggett & Platt, Inc.		13,651		436,832
Lennar Corp., Class A		16,060		631,479
Mattel, Inc.		33,205		1,485,924
Michael Kors Holdings Ltd. *		17,065		1,072,023
Mohawk Industries, Inc. *		5,621		624,887
Newell Rubbermaid, Inc.		27,409		741,139
NIKE, Inc., Class B		71,238		4,392,535
NVR, Inc. *		455		447,406
Polaris Industries, Inc.		6,424		613,556
PulteGroup, Inc. *		32,640		704,698
PVH Corp.		7,550		869,685
Ralph Lauren Corp.		5,846		1,023,576
Toll Brothers, Inc. *		14,032		479,473
Tupperware Brands Corp.		5,203		421,339
Under Armour, Inc., Class A *		8,030		497,860
VF Corp.		8,461		1,555,640
Whirlpool Corp.		7,517		960,372
				21,977,414
Consumer Services 1.9%
Burger King Worldwide, Inc. (a)		5,301		97,962
Carnival Corp.		43,456		1,438,394
Chipotle Mexican Grill, Inc. *		2,986		1,077,946
Darden Restaurants, Inc.		12,497		647,345
Dunkin’ Brands Group, Inc.		6,818		269,993
H&R Block, Inc.		26,312		770,152
Hyatt Hotels Corp., Class A *		5,276		216,949
International Game Technology		25,403		454,206
Las Vegas Sands Corp.		34,136		1,976,474
Marriott International, Inc., Class A		24,400		1,025,044
McDonald’s Corp.		97,654		9,430,447
MGM Resorts International *		35,827		543,496
Norwegian Cruise Line Holdings Ltd. *		2,242		68,941
Panera Bread Co., Class A *		2,651		508,541
Penn National Gaming, Inc. *		6,609		363,759
Royal Caribbean Cruises Ltd.		13,651		477,922
Starbucks Corp.		72,812		4,592,253
Starwood Hotels & Resorts Worldwide, Inc.		18,923		1,292,441
Wyndham Worldwide Corp.		13,693		795,837
Wynn Resorts Ltd.		7,863		1,068,503
Yum! Brands, Inc.		44,307		3,001,799
				30,118,404
Diversified Financials 6.8%
Affiliated Managers Group, Inc. *		5,078		832,792
American Express Co.		93,448		7,074,948
Ameriprise Financial, Inc.		20,359		1,659,666
Bank of America Corp.		1,056,423		14,430,738
BlackRock, Inc.		12,341		3,445,607
Capital One Financial Corp.		56,587		3,447,846
Citigroup, Inc.		296,496		15,414,827
CME Group, Inc.		29,959		2,035,115
Discover Financial Services		48,744		2,310,953
Eaton Vance Corp.		11,242		466,655
Franklin Resources, Inc.		13,654		2,113,776
ING US, Inc. *		6,298		179,682
IntercontinentalExchange, Inc. *		7,227		1,237,335
Invesco Ltd.		43,632		1,472,144
JPMorgan Chase & Co.		372,987		20,361,360
Legg Mason, Inc.		10,965		384,214
Leucadia National Corp.		27,834		873,431
LPL Financial Holdings, Inc.		3,480		129,038
McGraw Hill Financial, Inc.		27,032		1,474,596
Moody’s Corp.		18,803		1,249,271
Morgan Stanley		134,281		3,477,878
MSCI, Inc. *		11,702		412,378
Northern Trust Corp.		21,136		1,229,058
NYSE Euronext		23,713		953,974
Raymond James Financial, Inc.		11,139		489,782
SEI Investments Co.		14,454		442,437
SLM Corp.		45,378		1,077,274
State Street Corp.		44,213		2,926,016

2 

 Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
T. Rowe Price Group, Inc.		25,558		1,938,830
TD Ameritrade Holding Corp.		21,681		508,203
The Bank of New York Mellon Corp.		112,763		3,389,656
The Charles Schwab Corp. (b)		106,360		2,112,310
The Goldman Sachs Group, Inc.		42,564		6,898,773
The NASDAQ OMX Group, Inc.		11,468		360,783
				106,811,346
Energy 10.3%
Anadarko Petroleum Corp.		49,232		4,306,323
Apache Corp.		37,983		3,119,544
Baker Hughes, Inc.		43,698		1,987,385
Cabot Oil & Gas Corp.		20,501		1,442,450
Cameron International Corp. *		24,196		1,472,811
Cheniere Energy, Inc. *		23,520		690,312
Chesapeake Energy Corp.		50,242		1,097,285
Chevron Corp.		189,246		23,229,947
Cimarex Energy Co.		8,833		619,547
Cobalt International Energy, Inc. *		27,192		705,361
Concho Resources, Inc. *		10,439		873,327
ConocoPhillips		118,682		7,279,954
CONSOL Energy, Inc.		21,770		754,984
Continental Resources, Inc. *		5,621		456,032
CVR Energy, Inc. (a)		1,356		85,170
Denbury Resources, Inc. *		37,741		692,547
Devon Energy Corp.		36,819		2,093,160
Diamond Offshore Drilling, Inc.		6,724		462,678
Dresser-Rand Group, Inc. *		7,345		445,107
Ensco plc, Class A		22,508		1,354,306
EOG Resources, Inc.		26,499		3,421,021
EQT Corp.		14,454		1,154,586
Exxon Mobil Corp.		437,040		39,539,009
FMC Technologies, Inc. *		23,287		1,296,154
Halliburton Co.		90,559		3,789,894
Helmerich & Payne, Inc.		10,036		619,623
Hess Corp.		29,542		1,991,426
HollyFrontier Corp.		19,645		972,428
Kinder Morgan, Inc.		61,831		2,348,341
Marathon Oil Corp.		68,714		2,363,074
Marathon Petroleum Corp.		32,227		2,658,728
Murphy Oil Corp.		17,850		1,130,262
Nabors Industries Ltd.		28,109		450,025
National-Oilwell Varco, Inc.		41,474		2,915,622
Newfield Exploration Co. *		12,852		305,749
Noble Corp.		24,374		944,493
Noble Energy, Inc.		34,788		2,005,528
Oasis Petroleum, Inc. *		6,828		253,728
Occidental Petroleum Corp.		78,301		7,209,173
Oceaneering International, Inc.		10,440		756,691
Oil States International, Inc. *		5,118		504,123
Peabody Energy Corp.		26,053		512,463
Phillips 66		60,725		4,042,463
Pioneer Natural Resources Co.		12,870		1,784,812
QEP Resources, Inc.		16,964		481,099
Range Resources Corp.		16,060		1,207,391
Rowan Cos. plc, Class A *		12,097		402,104
Schlumberger Ltd.		129,899		9,486,524
SM Energy Co.		6,424		389,551
Southwestern Energy Co. *		33,734		1,271,434
Spectra Energy Corp.		65,846		2,012,912
Superior Energy Services, Inc. *		15,257		407,057
Tesoro Corp.		13,376		824,630
The Williams Cos., Inc.		66,289		2,332,047
Transocean Ltd.		34,823		1,749,159
Valero Energy Corp.		53,693		2,181,547
Weatherford International Ltd. *		73,073		985,755
Whiting Petroleum Corp. *		11,420		526,119
				160,394,975
Food & Staples Retailing 2.2%
Costco Wholesale Corp.		42,300		4,639,041
CVS Caremark Corp.		119,753		6,895,378
Safeway, Inc.		23,316		536,501
Sysco Corp.		57,140		1,931,332
The Kroger Co.		50,982		1,716,564
Wal-Mart Stores, Inc.		163,164		12,211,194
Walgreen Co.		83,633		3,994,312
Whole Foods Market, Inc.		33,396		1,731,916
				33,656,238
Food, Beverage & Tobacco 5.5%
Altria Group, Inc.		195,467		7,056,359
Archer-Daniels-Midland Co.		63,819		2,056,886
Beam, Inc.		15,552		1,008,392
Brown-Forman Corp., Class B		14,586		1,003,809
Bunge Ltd.		14,039		977,114
Campbell Soup Co.		17,290		740,185
Coca-Cola Enterprises, Inc.		25,096		932,567
ConAgra Foods, Inc.		40,235		1,355,517
Constellation Brands, Inc., Class A *		14,799		784,495
Dr. Pepper Snapple Group, Inc.		20,239		930,589
Flowers Foods, Inc.		11,050		368,739
General Mills, Inc.		62,903		2,961,473
Green Mountain Coffee Roasters, Inc. *		12,045		880,851
H.J. Heinz Co.		31,317		2,266,098
Hillshire Brands Co.		11,344		392,956
Hormel Foods Corp.		12,865		512,284
Ingredion, Inc.		7,308		497,821
Kellogg Co.		24,090		1,494,785
Kraft Foods Group, Inc.		58,259		3,211,819
Lorillard, Inc.		37,370		1,585,983
McCormick & Co., Inc. Non Voting Shares		12,848		887,540
Mead Johnson Nutrition Co.		20,075		1,627,480
Molson Coors Brewing Co., Class B		15,257		753,848
Mondelez International, Inc., Class A		172,915		5,094,076
Monster Beverage Corp. *		14,231		776,870
PepsiCo, Inc.		150,531		12,158,389
Philip Morris International, Inc.		160,874		14,625,055
Reynolds American, Inc.		31,695		1,524,846
The Coca-Cola Co.		373,949		14,954,221
The Hershey Co.		14,619		1,302,699
The J.M. Smucker Co.		10,572		1,067,349
Tyson Foods, Inc., Class A		27,575		689,375
				86,480,470
Health Care Equipment & Services 4.2%
Abbott Laboratories		153,833		5,641,056
Aetna, Inc.		37,670		2,274,515

3

 Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
AmerisourceBergen Corp.		22,854		1,235,944
Baxter International, Inc.		53,094		3,734,101
Becton, Dickinson & Co.		18,685		1,842,715
Boston Scientific Corp. *		136,002		1,256,658
C.R. Bard, Inc.		7,479		771,010
Cardinal Health, Inc.		33,729		1,583,914
CareFusion Corp. *		21,681		796,777
Cerner Corp. *		14,558		1,430,760
CIGNA Corp.		28,105		1,908,329
Community Health Systems, Inc.		8,927		430,014
Covidien plc		45,903		2,919,431
DaVita HealthCare Partners, Inc. *		8,166		1,013,156
DENTSPLY International, Inc.		13,701		572,154
Edwards Lifesciences Corp. *		11,242		747,143
Express Scripts Holding Co. *		79,497		4,938,354
HCA Holdings, Inc.		23,633		923,105
Henry Schein, Inc. *		8,833		850,530
Hologic, Inc. *		25,696		533,192
Humana, Inc.		15,363		1,241,023
IDEXX Laboratories, Inc. *		5,108		421,103
Intuitive Surgical, Inc. *		3,919		1,949,820
Laboratory Corp. of America Holdings *		9,108		906,155
McKesson Corp.		22,755		2,590,884
MEDNAX, Inc. *		4,848		450,040
Medtronic, Inc.		99,165		5,058,407
Omnicare, Inc.		9,733		448,010
Patterson Cos., Inc.		8,833		345,194
Quest Diagnostics, Inc.		15,264		943,926
ResMed, Inc. (a)		14,325		687,600
Sirona Dental Systems, Inc. *		5,428		385,062
St. Jude Medical, Inc.		27,496		1,188,652
Stryker Corp.		28,147		1,868,679
Tenet Healthcare Corp. *		10,058		476,447
The Cooper Cos., Inc.		4,555		514,760
UnitedHealth Group, Inc.		100,268		6,279,785
Universal Health Services, Inc., Class B		8,837		610,990
Varian Medical Systems, Inc. *		10,481		702,332
WellPoint, Inc.		29,360		2,259,839
Zimmer Holdings, Inc.		16,884		1,325,563
				66,057,129
Household & Personal Products 2.2%
Avon Products, Inc.		43,268		1,019,827
Church & Dwight Co., Inc.		13,374		813,273
Colgate-Palmolive Co.		85,484		4,944,394
Energizer Holdings, Inc.		5,898		564,498
Herbalife Ltd. (a)		10,493		489,708
Kimberly-Clark Corp.		37,931		3,672,859
The Clorox Co.		12,849		1,067,495
The Estee Lauder Cos., Inc., Class A		23,301		1,579,342
The Procter & Gamble Co.		266,173		20,431,439
				34,582,835
Insurance 4.4%
ACE Ltd.		32,925		2,952,714
Aflac, Inc.		45,789		2,549,989
Alleghany Corp. *		1,606		626,340
American Financial Group, Inc.		7,464		362,452
American International Group, Inc. *		143,512		6,380,544
Aon plc		30,239		1,925,317
Arch Capital Group Ltd. *		13,128		672,285
Arthur J. Gallagher & Co.		12,932		564,870
Axis Capital Holdings Ltd.		11,426		497,717
Berkshire Hathaway, Inc., Class B *		177,670		20,266,817
Brown & Brown, Inc.		11,289		364,296
Cincinnati Financial Corp.		14,501		686,477
CNA Financial Corp.		2,454		83,853
Erie Indemnity Co., Class A		2,486		188,712
Everest Re Group Ltd.		4,981		645,587
Fidelity National Financial, Inc., Class A		20,878		549,300
Genworth Financial, Inc., Class A *		47,389		512,275
Hartford Financial Services Group, Inc.		42,745		1,309,279
HCC Insurance Holdings, Inc.		10,439		447,311
Lincoln National Corp.		26,925		960,145
Loews Corp.		30,196		1,383,581
Markel Corp. *		1,228		642,109
Marsh & McLennan Cos., Inc.		53,298		2,132,986
MetLife, Inc.		106,160		4,693,334
PartnerRe Ltd.		5,811		526,767
Principal Financial Group, Inc.		26,823		1,015,251
Prudential Financial, Inc.		45,194		3,117,030
Reinsurance Group of America, Inc.		7,227		476,187
RenaissanceRe Holdings Ltd.		4,903		421,462
The Allstate Corp.		46,932		2,264,000
The Chubb Corp.		25,771		2,244,654
The Progressive Corp.		55,057		1,403,403
The Travelers Cos., Inc.		37,144		3,109,696
Torchmark Corp.		9,117		588,138
Unum Group		25,919		738,173
Validus Holdings Ltd.		9,775		352,975
W.R. Berkley Corp.		10,723		439,321
White Mountains Insurance Group Ltd.		451		266,618
XL Group plc		29,168		916,750
				69,278,715
Materials 3.6%
Air Products & Chemicals, Inc.		20,437		1,929,457
Airgas, Inc.		6,718		691,215
Albemarle Corp.		8,950		598,934
Alcoa, Inc.		103,587		880,490
Ashland, Inc.		6,921		615,415
Axiall Corp.		6,728		290,313
Ball Corp.		14,848		640,840
Bemis Co., Inc.		10,439		408,687
Celanese Corp., Series A		15,267		753,426
CF Industries Holdings, Inc.		6,271		1,197,510
Cliffs Natural Resources, Inc. (a)		13,797		248,898
Crown Holdings, Inc. *		14,454		612,127
E.I. du Pont de Nemours & Co.		90,867		5,069,470
Eastman Chemical Co.		15,257		1,094,232
Ecolab, Inc.		25,728		2,173,244
FMC Corp.		13,668		857,120
Freeport-McMoRan Copper & Gold, Inc.		98,774		3,066,923
Huntsman Corp.		18,539		360,584

4 

 Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
International Flavors & Fragrances, Inc.		8,030		644,729
International Paper Co.		43,551		2,009,879
LyondellBasell Industries N.V., Class A		36,713		2,446,921
Martin Marietta Materials, Inc.		4,315		470,464
MeadWestvaco Corp.		17,017		595,595
Monsanto Co.		52,030		5,236,299
Newmont Mining Corp.		48,238		1,653,599
Nucor Corp.		30,788		1,370,374
Owens-Illinois, Inc. *		16,060		440,847
Packaging Corp. of America		9,440		462,560
PPG Industries, Inc.		13,840		2,125,962
Praxair, Inc.		28,944		3,309,168
Reliance Steel & Aluminum Co.		7,227		475,320
Rock-Tenn Co., Class A		7,227		713,883
Rockwood Holdings, Inc.		7,485		498,950
Royal Gold, Inc.		6,063		332,010
RPM International, Inc.		12,742		422,142
Sealed Air Corp.		20,878		501,490
Sigma-Aldrich Corp.		11,556		966,775
The Dow Chemical Co.		118,206		4,073,379
The Mosaic Co.		26,757		1,627,361
The Sherwin-Williams Co.		8,258		1,556,881
The Valspar Corp.		8,072		578,520
Valhi, Inc.		2,409		38,929
Vulcan Materials Co.		12,407		664,767
W.R. Grace & Co. *		6,688		565,203
Westlake Chemical Corp.		1,822		170,175
				55,441,067
Media 3.7%
AMC Networks, Inc., Class A *		5,722		366,322
Cablevision Systems Corp., Class A		20,552		310,746
CBS Corp., Class B Non Voting Shares		56,574		2,800,413
Charter Communications, Inc., Class A *		6,390		715,169
Comcast Corp., Class A		257,899		10,354,645
DIRECTV *		55,871		3,415,394
Discovery Communications, Inc., Series A *		23,787		1,875,843
DISH Network Corp., Class A		19,706		759,469
Gannett Co., Inc.		23,287		500,671
Lamar Advertising Co., Class A *		5,305		247,903
Liberty Global, Inc., Series A *		23,437		1,727,307
Liberty Media Corp. *		10,936		1,365,469
News Corp., Class A		195,731		6,284,922
Omnicom Group, Inc.		25,738		1,599,102
Scripps Networks Interactive, Inc., Class A		8,331		561,176
Sirius XM Radio, Inc.		319,854		1,113,092
The Interpublic Group of Cos., Inc.		41,000		583,020
The Madison Square Garden Co., Class A *		5,897		345,151
The Walt Disney Co.		176,484		11,132,611
Time Warner Cable, Inc.		28,614		2,732,923
Time Warner, Inc.		90,910		5,306,417
Viacom, Inc., Class B		44,748		2,948,446
				57,046,211
Pharmaceuticals, Biotechnology & Life Sciences 8.1%
AbbVie, Inc.		154,176		6,581,773
Actavis, Inc. *		12,335		1,520,782
Agilent Technologies, Inc.		33,726		1,532,847
Alexion Pharmaceuticals, Inc. *		19,011		1,854,333
Allergan, Inc.		29,901		2,974,850
Amgen, Inc.		73,237		7,362,516
Biogen Idec, Inc. *		23,122		5,491,244
BioMarin Pharmaceutical, Inc. *		13,519		847,641
Bristol-Myers Squibb Co.		159,157		7,322,814
Celgene Corp. *		41,067		5,077,935
Covance, Inc. *		5,621		419,214
Eli Lilly & Co.		97,023		5,157,743
Endo Health Solutions, Inc. *		10,827		393,020
Forest Laboratories, Inc. *		22,676		901,371
Gilead Sciences, Inc. *		148,046		8,065,546
Hospira, Inc. *		16,060		556,961
Illumina, Inc. *		12,061		848,130
Johnson & Johnson		272,387		22,929,538
Life Technologies Corp. *		16,544		1,225,910
Medivation, Inc. *		7,112		345,359
Merck & Co., Inc.		295,107		13,781,497
Mettler-Toledo International, Inc. *		2,851		622,259
Mylan, Inc. *		39,445		1,202,284
Onyx Pharmaceuticals, Inc. *		7,058		673,686
PerkinElmer, Inc.		11,246		352,225
Perrigo Co.		8,862		1,027,194
Pfizer, Inc.		700,554		19,076,085
Pharmacyclics, Inc. *		4,866		445,920
Quintiles Transnational Holdings, Inc. *		2,228		98,121
Regeneron Pharmaceuticals, Inc. *		7,406		1,791,289
Seattle Genetics, Inc. *		10,000		343,200
Thermo Fisher Scientific, Inc.		34,652		3,059,772
Vertex Pharmaceuticals, Inc. *		21,542		1,730,038
Warner Chilcott plc, Class A		17,666		339,187
Waters Corp. *		8,381		810,526
Zoetis, Inc. (a)		8,210		262,720
				127,025,530
Real Estate 3.0%
Alexandria Real Estate Equities, Inc.		6,425		440,113
American Campus Communities, Inc.		10,016		408,953
American Capital Agency Corp.		38,037		981,355
American Tower Corp.		38,544		3,000,265
Annaly Capital Management, Inc.		94,839		1,287,914
Apartment Investment & Management Co., Class A		14,085		426,212
AvalonBay Communities, Inc.		10,929		1,449,841
Boston Properties, Inc.		14,654		1,561,823
BRE Properties, Inc.		7,248		362,328
Camden Property Trust		8,030		556,078
CBL & Associates Properties, Inc.		15,600		358,644
CBRE Group, Inc., Class A *		29,268		678,432
Corrections Corp. of America		10,814		380,112
DDR Corp.		23,287		406,591
Digital Realty Trust, Inc.		12,224		744,564
Duke Realty Corp.		31,118		515,625
Equity Residential		31,038		1,755,199

5

 Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Essex Property Trust, Inc.		3,642		572,304
Extra Space Storage, Inc.		9,947		416,680
Federal Realty Investment Trust		6,424		692,186
General Growth Properties, Inc.		43,600		895,108
HCP, Inc.		44,635		2,114,806
Health Care REIT, Inc.		27,335		1,859,600
Host Hotels & Resorts, Inc.		70,129		1,247,595
Jones Lang LaSalle, Inc.		4,205		386,145
Kilroy Realty Corp.		7,263		384,285
Kimco Realty Corp.		39,390		872,488
Liberty Property Trust		11,242		456,200
National Retail Properties, Inc.		11,138		399,520
Plum Creek Timber Co., Inc.		16,060		766,062
ProLogis, Inc.		48,126		1,939,478
Public Storage		14,289		2,169,070
Rayonier, Inc.		12,045		667,293
Realogy Holdings Corp. *		11,436		590,555
Realty Income Corp.		18,818		855,278
Regency Centers Corp.		8,833		455,783
Senior Housing Properties Trust		18,214		470,832
Simon Property Group, Inc.		30,639		5,099,555
SL Green Realty Corp.		9,227		802,564
Taubman Centers, Inc.		6,601		531,909
The Macerich Co.		13,216		857,851
Two Harbors Investment Corp.		33,935		374,303
UDR, Inc.		24,264		591,314
Ventas, Inc.		28,365		2,024,410
Vornado Realty Trust		16,344		1,306,703
Weingarten Realty Investors		10,795		344,145
Weyerhaeuser Co.		54,431		1,623,132
WP Carey, Inc.		5,457		369,657
				47,450,860
Retailing 4.4%
Abercrombie & Fitch Co., Class A		8,030		402,142
Advance Auto Parts, Inc.		7,244		590,531
Amazon.com, Inc. *		35,522		9,556,484
American Eagle Outfitters, Inc.		17,064		337,696
AutoNation, Inc. *		3,322		153,908
AutoZone, Inc. *		3,482		1,423,546
Bed Bath & Beyond, Inc. *		22,512		1,536,444
Best Buy Co., Inc.		25,769		709,936
CarMax, Inc. *		22,136		1,035,301
CST Brands, Inc. *		5,954		180,942
Dick’s Sporting Goods, Inc.		9,257		484,511
Dillard’s, Inc., Class A		2,783		256,787
Dollar General Corp. *		29,352		1,549,786
Dollar Tree, Inc. *		22,512		1,081,476
Expedia, Inc.		8,891		510,877
Family Dollar Stores, Inc.		9,217		563,619
Foot Locker, Inc.		15,257		523,620
Genuine Parts Co.		15,304		1,189,733
J.C. Penney Co., Inc. *		14,485		254,646
Kohl’s Corp.		20,990		1,079,096
L Brands, Inc.		22,968		1,148,630
Liberty Interactive Corp., Series A *		50,148		1,125,823
LKQ Corp. *		28,908		707,668
Lowe’s Cos., Inc.		107,933		4,545,059
Macy’s, Inc.		38,970		1,883,810
Netflix, Inc. *		5,355		1,211,569
Nordstrom, Inc.		14,976		880,888
O’Reilly Automotive, Inc. *		10,934		1,190,822
PetSmart, Inc.		10,452		705,510
Priceline.com, Inc. *		4,918		3,953,728
Ross Stores, Inc.		21,735		1,397,560
Sally Beauty Holdings, Inc. *		14,980		458,538
Sears Holdings Corp. *(a)		3,396		165,827
Signet Jewelers Ltd.		7,611		521,430
Staples, Inc.		65,453		981,795
Target Corp.		63,558		4,417,281
The Gap, Inc.		28,960		1,174,328
The Home Depot, Inc.		145,513		11,446,053
The TJX Cos., Inc.		71,499		3,618,564
Tiffany & Co.		11,501		894,548
Tractor Supply Co.		6,666		746,459
TripAdvisor, Inc. *		10,613		684,432
Ulta Salon, Cosmetics & Fragrance, Inc. *		5,621		510,162
Urban Outfitters, Inc. *		10,526		441,355
Williams-Sonoma, Inc.		8,310		448,408
				68,681,328
Semiconductors & Semiconductor Equipment 2.0%
Altera Corp.		31,419		1,042,797
Analog Devices, Inc.		29,756		1,366,693
Applied Materials, Inc.		116,515		1,771,028
Broadcom Corp., Class A		50,878		1,827,029
Cree, Inc. *		11,258		701,936
Intel Corp.		482,697		11,719,883
KLA-Tencor Corp.		16,097		906,100
Lam Research Corp. *		16,173		756,573
Linear Technology Corp.		22,163		831,112
LSI Corp. *		55,447		410,308
Marvell Technology Group Ltd.		47,377		513,567
Maxim Integrated Products, Inc.		28,429		838,371
Microchip Technology, Inc.		18,502		674,953
Micron Technology, Inc. *		99,338		1,160,268
NVIDIA Corp.		59,422		861,025
ON Semiconductor Corp. *		42,559		364,305
Skyworks Solutions, Inc. *		19,272		459,830
Texas Instruments, Inc.		107,286		3,850,494
Xilinx, Inc.		25,740		1,046,331
				31,102,603
Software & Services 9.6%
Accenture plc, Class A		62,670		5,145,834
Activision Blizzard, Inc.		40,503		584,458
Adobe Systems, Inc. *		48,476		2,080,105
Akamai Technologies, Inc. *		17,666		814,756
Alliance Data Systems Corp. *		4,818		853,220
ANSYS, Inc. *		8,843		658,803
Autodesk, Inc. *		21,681		818,024
Automatic Data Processing, Inc.		46,958		3,226,954
BMC Software, Inc. *		12,702		575,337
CA, Inc.		33,122		904,562
Cadence Design Systems, Inc. *		27,323		413,397
Citrix Systems, Inc. *		18,469		1,188,480
Cognizant Technology Solutions Corp., Class A *		29,546		1,910,149
Computer Sciences Corp.		14,944		666,652
Concur Technologies, Inc. *		4,305		347,543

6 

 Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
eBay, Inc. *		113,365		6,133,046
Electronic Arts, Inc. *		29,488		677,929
Equinix, Inc. *		4,818		976,320
Facebook, Inc., Class A *		53,251		1,296,662
FactSet Research Systems, Inc. (a)		4,085		401,106
Fidelity National Information Services, Inc.		28,461		1,277,899
Fiserv, Inc. *		12,999		1,132,993
FleetCor Technologies, Inc. *		6,590		573,857
Fortinet, Inc. *		12,515		241,039
Gartner, Inc. *		8,971		507,848
Genpact Ltd.		12,922		250,041
Global Payments, Inc.		7,607		364,832
Google, Inc., Class A *		26,030		22,656,772
IAC/InterActiveCorp		7,627		369,757
Informatica Corp. *		10,439		379,562
International Business Machines Corp.		102,064		21,231,353
Intuit, Inc.		26,984		1,576,945
Jack Henry & Associates, Inc.		8,318		390,364
LinkedIn Corp., Class A *		6,651		1,114,242
MasterCard, Inc., Class A		10,294		5,870,153
MICROS Systems, Inc. *		7,649		322,788
Microsoft Corp.		734,551		25,621,139
NetSuite, Inc. *		2,583		226,271
Nuance Communications, Inc. *		24,967		474,373
Oracle Corp.		360,978		12,186,617
Paychex, Inc.		31,317		1,165,932
Rackspace Hosting, Inc. *		10,481		393,352
Red Hat, Inc. *		18,511		892,786
SAIC, Inc.		27,448		397,996
Salesforce.com, Inc. *		52,361		2,216,441
ServiceNow, Inc. *		1,324		48,670
SolarWinds, Inc. *		5,827		245,608
Solera Holdings, Inc.		6,471		354,417
Symantec Corp. *		68,281		1,528,812
Synopsys, Inc. *		14,512		528,962
Teradata Corp. *		16,698		930,913
TIBCO Software, Inc. *		14,638		312,229
Total System Services, Inc.		15,571		366,074
Vantiv, Inc., Class A *		4,818		128,207
VeriFone Systems, Inc. *		10,439		243,542
VeriSign, Inc. *		15,376		723,287
Visa, Inc., Class A		50,400		8,978,256
VMware, Inc., Class A *		8,248		586,598
Western Union Co.		58,067		951,137
Workday, Inc., Class A *		2,176		139,764
Yahoo! Inc. *		94,251		2,478,801
				150,053,966
Technology Hardware & Equipment 6.1%
3D Systems Corp. *(a)		7,626		370,013
Amphenol Corp., Class A		15,327		1,193,973
Apple, Inc.		91,577		41,180,345
Arrow Electronics, Inc. *		10,439		415,055
Avnet, Inc. *		13,651		466,318
Cisco Systems, Inc.		521,017		12,546,089
Corning, Inc.		144,735		2,224,577
Dell, Inc.		141,600		1,890,360
EMC Corp. *		205,568		5,089,864
F5 Networks, Inc. *		7,469		621,495
FLIR Systems, Inc.		13,208		321,747
Harris Corp.		11,249		563,912
Hewlett-Packard Co.		191,150		4,667,883
Jabil Circuit, Inc.		18,469		370,488
JDS Uniphase Corp. *		22,029		300,035
Juniper Networks, Inc. *		51,016		904,514
Molex, Inc.		13,906		408,002
Motorola Solutions, Inc.		26,753		1,550,604
National Instruments Corp.		9,172		260,485
NCR Corp. *		15,304		511,154
NetApp, Inc. *		35,332		1,326,010
Palo Alto Networks, Inc. *		2,929		142,115
QUALCOMM, Inc.		167,912		10,659,054
SanDisk Corp. *		23,287		1,374,399
Seagate Technology plc		30,934		1,332,637
TE Connectivity Ltd.		41,123		1,825,450
Trimble Navigation Ltd. *		26,176		730,310
Western Digital Corp.		21,302		1,348,843
Xerox Corp.		119,043		1,046,388
				95,642,119
Telecommunication Services 2.7%
AT&T, Inc.		535,159		18,725,213
CenturyLink, Inc.		60,769		2,075,261
Crown Castle International Corp. *		28,411		2,024,284
Frontier Communications Corp. (a)		99,610		412,385
Level 3 Communications, Inc. *		15,257		326,958
SBA Communications Corp., Class A *		12,683		954,649
Sprint Nextel Corp. *		292,386		2,134,418
T-Mobile US, Inc. *		15,043		322,372
tw telecom, Inc. *		14,715		419,819
Verizon Communications, Inc.		278,754		13,513,994
Windstream Corp. (a)		56,210		451,366
				41,360,719
Transportation 1.9%
C.H. Robinson Worldwide, Inc.		16,060		910,441
CSX Corp.		99,878		2,517,924
Delta Air Lines, Inc. *		82,592		1,487,482
Expeditors International of Washington, Inc.		19,685		768,306
FedEx Corp.		28,347		2,730,950
Genesee & Wyoming, Inc., Class A *		4,700		418,535
Hertz Global Holdings, Inc. *		36,724		948,581
J.B. Hunt Transport Services, Inc.		8,543		629,277
Kansas City Southern		10,600		1,173,420
Kirby Corp. *		5,419		423,116
Norfolk Southern Corp.		30,605		2,344,037
Southwest Airlines Co.		71,985		1,020,027
Union Pacific Corp.		45,771		7,077,112
United Continental Holdings, Inc. *		32,123		1,042,713
United Parcel Service, Inc., Class B		69,584		5,977,266
				29,469,187
Utilities 3.3%
AGL Resources, Inc.		11,272		477,144
Alliant Energy Corp.		10,605		522,402
Ameren Corp.		23,291		792,826

7

 Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
American Electric Power Co., Inc.		47,377		2,170,814
American Water Works Co., Inc.		18,300		730,902
Aqua America, Inc.		13,651		424,410
Calpine Corp. *		37,233		756,202
CenterPoint Energy, Inc.		41,316		957,705
CMS Energy Corp.		25,319		682,347
Consolidated Edison, Inc.		28,908		1,649,780
Dominion Resources, Inc.		56,210		3,178,675
DTE Energy Co.		16,507		1,099,531
Duke Energy Corp.		68,421		4,579,418
Edison International		31,537		1,448,810
Entergy Corp.		17,505		1,205,744
Exelon Corp.		83,512		2,617,266
FirstEnergy Corp.		40,534		1,581,231
Integrys Energy Group, Inc.		7,336		422,040
ITC Holdings Corp.		5,326		461,072
MDU Resources Group, Inc.		18,171		469,902
National Fuel Gas Co.		8,072		494,006
NextEra Energy, Inc.		41,643		3,149,044
NiSource, Inc.		30,041		863,078
Northeast Utilities		30,590		1,274,685
NRG Energy, Inc.		31,359		800,282
NV Energy, Inc.		22,527		528,033
OGE Energy Corp.		9,648		654,810
ONEOK, Inc.		19,752		891,605
Pepco Holdings, Inc.		24,145		501,492
PG&E Corp.		42,653		1,915,546
Pinnacle West Capital Corp.		10,649		601,455
PPL Corp.		56,480		1,677,456
Public Service Enterprise Group, Inc.		49,239		1,626,857
Questar Corp.		16,964		412,395
SCANA Corp.		13,442		678,014
Sempra Energy		21,871		1,778,112
TECO Energy, Inc.		19,319		340,208
The AES Corp.		62,634		764,135
The Southern Co.		85,224		3,741,334
UGI Corp.		11,242		429,332
Westar Energy, Inc.		12,129		384,732
Wisconsin Energy Corp.		22,484		917,572
Xcel Energy, Inc.		47,377		1,360,667
				52,013,071
Total Common Stock
(Cost $1,285,536,093)				1,559,183,430
Other Investment Companies 0.1% of net assets
Equity Fund 0.0%
iShares Russell 1000 Index Fund		500		45,210
Money Market Fund 0.1%
State Street Institutional U.S. Government Money Market Fund		654,213		654,213
Total Other Investment Companies
(Cost $696,329)				699,423
End of Investments
Collateral Invested for Securities on Loan 0.1% of net assets
State Street Institutional U.S. Government Money Market Fund		1,861,858		1,861,858
Total Collateral Invested for Securities on Loan
(Cost $1,861,858)				1,861,858
End of Collateral Invested for Securities on Loan

At 05/31/13, the tax basis cost of the fund’s investments was $1,286,894,491 and the unrealized appreciation and depreciation were $287,275,593 and ($14,287,231), respectively, with a net unrealized appreciation of $272,988,362.

*	Non-income producing security.
(a)	All or a portion of this security is on loan.
(b)	Issuer is affiliated with the fund’s adviser.

Reg’d —	Registered
REIT —	Real Estate Investment Trust

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where

8 

 Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due

9

 Schwab U.S. Large-Cap ETF

Portfolio Holdings (Unaudited) continued

to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Common Stock1		$1,559,183,430		$—		$—		$1,559,183,430
Other Investment Companies1		699,423		—		—		699,423
Total		$1,559,882,853		$—		$—		$1,559,882,853
Other Financial Instruments
Collateral Invested for Securities on Loan		$1,861,858		$—		$—		$1,861,858

¹ As categorized in Portfolio Holdings.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:

	Balance				Change in											Balance
	as of		Realized		Unrealized							Gross		Gross		as of
	August 31,		Gains		Gains		Gross		Gross			Transfers		Transfers		May 31,
Investments in Securities	2012		(Losses)		(Losses)		Purchases		Sales			in		out		2013
Rights		$—		$1,451		$4,000		$17,332		($22,783	)		$—		$—		$—
Total		$—		$1,451		$4,000		$17,332		($22,783	)		$—		$—		$—

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended May 31, 2013.

REG54092MAY13

10 

Schwab Strategic Trust
Schwab U.S. Large-Cap Growth ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	99	.8%	Common Stock		582,701,549		712,295,946
	0	.0%	Other Investment Companies		65,096		65,649
	99	.8%	Total Investments		582,766,645		712,361,595
	0	.2%	Collateral Invested for Securities on Loan		1,221,857		1,221,857
	0	.0%	Other Assets and Liabilities, Net				66,186
	100	.0%	Net Assets				713,649,638

	Number		Value
Security	of Shares		($)
Common Stock 99.8% of net assets
Automobiles & Components 0.5%
Allison Transmission Holdings, Inc.		2,773		65,998
BorgWarner, Inc. *		10,400		843,128
Johnson Controls, Inc.		61,606		2,301,600
Tesla Motors, Inc. *(a)		6,437		629,281
				3,840,007
Banks 0.3%
CIT Group, Inc. *		18,075		832,896
SunTrust Banks, Inc.		48,510		1,556,686
				2,389,582
Capital Goods 7.0%
AGCO Corp.		9,094		504,444
AMETEK, Inc.		21,882		944,208
B/E Aerospace, Inc. *		9,538		605,091
Caterpillar, Inc.		59,323		5,089,913
Colfax Corp. *		7,623		380,388
Cummins, Inc.		15,885		1,900,322
Danaher Corp.		52,188		3,226,262
Deere & Co.		35,053		3,053,467
Donaldson Co., Inc.		11,918		447,044
Dover Corp.		15,702		1,228,681
Emerson Electric Co.		64,997		3,734,728
Fastenal Co.		24,294		1,267,661
Flowserve Corp.		4,310		724,640
Fluor Corp.		14,606		923,245
Fortune Brands Home & Security, Inc.		14,661		619,867
Illinois Tool Works, Inc.		37,390		2,622,161
Jacobs Engineering Group, Inc. *		11,718		668,043
Joy Global, Inc.		9,551		516,518
KBR, Inc.		13,076		472,044
Lincoln Electric Holdings, Inc.		7,407		442,939
MSC Industrial Direct Co., Inc., Class A		4,270		353,001
Nordson Corp.		5,085		362,154
PACCAR, Inc.		31,800		1,704,480
Pall Corp.		9,988		681,182
Pentair Ltd. - Reg’d		18,541		1,079,828
Precision Castparts Corp.		13,186		2,820,749
Quanta Services, Inc. *		19,534		554,179
Roper Industries, Inc.		8,895		1,104,937
SPX Corp.		4,215		332,648
Stanley Black & Decker, Inc.		14,417		1,142,115
Textron, Inc.		24,428		658,579
The Boeing Co.		61,592		6,098,840
TransDigm Group, Inc.		4,115		601,201
United Rentals, Inc. *		8,351		474,671
Valmont Industries, Inc.		2,093		318,827
W.W. Grainger, Inc.		5,364		1,380,908
WABCO Holdings, Inc. *		5,674		427,933
Wabtec Corp.		4,277		470,513
				49,938,411
Commercial & Professional Services 0.8%
Copart, Inc. *		9,371		322,269
Equifax, Inc.		11,148		678,913
IHS, Inc., Class A *		4,559		479,288
Nielsen Holdings N.V.		19,372		656,904
Robert Half International, Inc.		12,293		427,305
Rollins, Inc.		5,923		149,615
Stericycle, Inc. *		7,747		850,311
The Dun & Bradstreet Corp.		3,679		361,057
Towers Watson & Co., Class A		5,023		390,186
Verisk Analytics, Inc., Class A *		13,033		766,601
Waste Connections, Inc.		11,368		457,448
				5,539,897
Consumer Durables & Apparel 2.0%
Carter’s, Inc.		4,581		330,153
Coach, Inc.		25,279		1,472,755
D.R. Horton, Inc.		25,150		612,654
Fossil, Inc. *		4,791		508,804
Jarden Corp. *		10,059		468,548
Michael Kors Holdings Ltd. *		15,860		996,325
Mohawk Industries, Inc. *		5,173		575,082
NIKE, Inc., Class B		65,312		4,027,138
NVR, Inc. *		422		414,957
PulteGroup, Inc. *		30,613		660,935
PVH Corp.		7,027		809,440
Ralph Lauren Corp.		5,447		953,715
Toll Brothers, Inc. *		13,747		469,735
Under Armour, Inc., Class A *		7,263		450,306
VF Corp.		7,921		1,456,355
				14,206,902

1

 Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Consumer Services 2.0%
Burger King Worldwide, Inc. (a)		5,702		105,373
Chipotle Mexican Grill, Inc. *		2,777		1,002,497
Dunkin’ Brands Group, Inc.		6,700		265,320
Hyatt Hotels Corp., Class A *		4,698		193,182
Las Vegas Sands Corp.		31,878		1,845,736
Marriott International, Inc., Class A		21,911		920,481
Panera Bread Co., Class A *		2,491		477,849
Penn National Gaming, Inc. *		6,222		342,459
Starbucks Corp.		67,457		4,254,513
Starwood Hotels & Resorts Worldwide, Inc.		17,424		1,190,059
Wynn Resorts Ltd.		7,166		973,788
Yum! Brands, Inc.		40,559		2,747,872
				14,319,129
Diversified Financials 3.6%
Affiliated Managers Group, Inc. *		4,772		782,608
American Express Co.		86,957		6,583,514
BlackRock, Inc.		11,416		3,187,347
Discover Financial Services		44,581		2,113,585
Franklin Resources, Inc.		12,412		1,921,502
IntercontinentalExchange, Inc. *		6,518		1,115,947
McGraw Hill Financial, Inc.		25,281		1,379,078
Moody’s Corp.		17,429		1,157,983
MSCI, Inc. *		11,065		389,931
SEI Investments Co.		12,121		371,024
State Street Corp.		41,126		2,721,719
T. Rowe Price Group, Inc.		23,620		1,791,813
TD Ameritrade Holding Corp.		20,745		486,263
The Charles Schwab Corp. (b)		98,949		1,965,127
				25,967,441
Energy 8.7%
Anadarko Petroleum Corp.		45,067		3,942,010
Baker Hughes, Inc.		39,761		1,808,330
Cabot Oil & Gas Corp.		18,926		1,331,633
Cameron International Corp. *		22,290		1,356,792
Cheniere Energy, Inc. *		21,769		638,920
Concho Resources, Inc. *		9,398		786,237
CONSOL Energy, Inc.		21,137		733,031
Continental Resources, Inc. *		5,059		410,437
CVR Energy, Inc. (a)		1,312		82,407
Denbury Resources, Inc. *		33,603		616,615
Diamond Offshore Drilling, Inc.		6,322		435,017
Dresser-Rand Group, Inc. *		6,815		412,989
Ensco plc, Class A		20,925		1,259,057
EOG Resources, Inc.		24,445		3,155,849
EQT Corp.		13,811		1,103,223
FMC Technologies, Inc. *		21,392		1,190,679
Halliburton Co.		83,893		3,510,922
Helmerich & Payne, Inc.		9,716		599,866
Hess Corp.		26,751		1,803,285
HollyFrontier Corp.		18,313		906,494
Kinder Morgan, Inc.		56,871		2,159,961
Marathon Petroleum Corp.		29,827		2,460,728
National-Oilwell Varco, Inc.		38,388		2,698,676
Noble Corp.		22,702		879,703
Noble Energy, Inc.		32,328		1,863,709
Oasis Petroleum, Inc. *		6,377		236,969
Occidental Petroleum Corp.		72,868		6,708,957
Oceaneering International, Inc.		10,008		725,380
Oil States International, Inc. *		4,958		488,363
Peabody Energy Corp.		24,738		486,596
Pioneer Natural Resources Co.		11,902		1,650,569
Range Resources Corp.		14,661		1,102,214
Rowan Cos. plc, Class A *		10,928		363,247
Schlumberger Ltd.		119,973		8,761,628
SM Energy Co.		6,078		368,570
Southwestern Energy Co. *		31,597		1,190,891
Superior Energy Services, Inc. *		14,430		384,992
Tesoro Corp.		12,352		761,501
Transocean Ltd.		32,350		1,624,941
Weatherford International Ltd. *		70,467		950,600
Whiting Petroleum Corp. *		10,690		492,488
				62,444,476
Food & Staples Retailing 3.8%
Costco Wholesale Corp.		39,220		4,301,257
CVS Caremark Corp.		111,364		6,412,339
Wal-Mart Stores, Inc.		150,977		11,299,119
Walgreen Co.		77,422		3,697,675
Whole Foods Market, Inc.		31,016		1,608,490
				27,318,880
Food, Beverage & Tobacco 2.5%
Brown-Forman Corp., Class B		13,639		938,636
Bunge Ltd.		13,130		913,848
Flowers Foods, Inc.		10,329		344,679
Green Mountain Coffee Roasters, Inc. *		11,027		806,404
Lorillard, Inc.		34,148		1,449,241
Mead Johnson Nutrition Co.		18,213		1,476,528
Monster Beverage Corp. *		12,956		707,268
PepsiCo, Inc.		139,266		11,248,515
				17,885,119
Health Care Equipment & Services 6.3%
Aetna, Inc.		34,287		2,070,248
AmerisourceBergen Corp.		20,708		1,119,889
Baxter International, Inc.		49,147		3,456,509
Becton, Dickinson & Co.		17,445		1,720,426
C.R. Bard, Inc.		6,830		704,105
CareFusion Corp. *		19,924		732,207
Cerner Corp. *		13,179		1,295,232
Community Health Systems, Inc.		8,280		398,848
Covidien plc		42,499		2,702,936
DaVita HealthCare Partners, Inc. *		7,736		959,806
DENTSPLY International, Inc.		12,704		530,519
Edwards Lifesciences Corp. *		10,272		682,677
Express Scripts Holding Co. *		73,687		4,577,436
HCA Holdings, Inc.		22,191		866,780
Henry Schein, Inc. *		7,870		757,802
Hologic, Inc. *		23,974		497,461
IDEXX Laboratories, Inc. *		4,903		404,203
Intuitive Surgical, Inc. *		3,650		1,815,985
Laboratory Corp. of America Holdings *		8,358		831,537

2 

 Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
McKesson Corp.		20,961		2,386,620
MEDNAX, Inc. *		4,495		417,271
Medtronic, Inc.		91,040		4,643,950
Patterson Cos., Inc.		7,789		304,394
Quest Diagnostics, Inc.		14,221		879,427
ResMed, Inc. (a)		13,026		625,248
Sirona Dental Systems, Inc. *		5,090		361,085
Stryker Corp.		26,034		1,728,397
The Cooper Cos., Inc.		4,424		499,956
UnitedHealth Group, Inc.		92,764		5,809,809
Universal Health Services, Inc., Class B		7,873		544,339
Varian Medical Systems, Inc. *		9,743		652,878
				44,977,980
Household & Personal Products 1.1%
Church & Dwight Co., Inc.		12,399		753,983
Colgate-Palmolive Co.		79,160		4,578,615
Energizer Holdings, Inc.		5,508		527,171
Herbalife Ltd. (a)		9,272		432,724
The Estee Lauder Cos., Inc., Class A		21,558		1,461,201
				7,753,694
Insurance 3.1%
Alleghany Corp. *		1,514		590,460
Berkshire Hathaway, Inc., Class B *		164,414		18,754,705
Erie Indemnity Co., Class A		2,285		173,454
Everest Re Group Ltd.		4,585		594,262
Markel Corp. *		1,157		604,984
PartnerRe Ltd.		5,568		504,739
RenaissanceRe Holdings Ltd.		4,188		360,000
White Mountains Insurance Group Ltd.		492		290,856
				21,873,460
Materials 3.8%
Airgas, Inc.		6,130		630,716
Ball Corp.		13,435		579,855
CF Industries Holdings, Inc.		5,659		1,080,643
Cliffs Natural Resources, Inc. (a)		14,512		261,796
Crown Holdings, Inc. *		12,835		543,562
Ecolab, Inc.		23,893		2,018,242
FMC Corp.		12,289		770,643
Freeport-McMoRan Copper & Gold, Inc.		91,633		2,845,201
LyondellBasell Industries N.V., Class A		34,177		2,277,897
Monsanto Co.		48,508		4,881,845
Newmont Mining Corp.		44,720		1,533,001
Nucor Corp.		28,599		1,272,941
Praxair, Inc.		26,645		3,046,323
Rock-Tenn Co., Class A		6,588		650,763
Royal Gold, Inc.		5,766		315,746
Sigma-Aldrich Corp.		10,809		904,281
The Mosaic Co.		24,912		1,515,148
The Sherwin-Williams Co.		7,724		1,456,206
W.R. Grace & Co. *		6,509		550,075
				27,134,884
Media 3.7%
AMC Networks, Inc., Class A *		5,242		335,593
Charter Communications, Inc., Class A *		5,948		665,700
Comcast Corp., Class A		238,361		9,570,194
DIRECTV *		51,576		3,152,841
Discovery Communications, Inc., Series A *		22,045		1,738,469
DISH Network Corp., Class A		18,265		703,933
Liberty Global, Inc., Series A *		21,740		1,602,238
Liberty Media Corp. *		10,037		1,253,220
Scripps Networks Interactive, Inc., Class A		7,697		518,470
Sirius XM Radio, Inc.		289,359		1,006,969
The Madison Square Garden Co., Class A *		5,508		322,383
Time Warner Cable, Inc.		26,589		2,539,515
Viacom, Inc., Class B		41,001		2,701,556
				26,111,081
Pharmaceuticals, Biotechnology & Life Sciences 9.5%
Actavis, Inc. *		11,498		1,417,589
Agilent Technologies, Inc.		31,231		1,419,449
Alexion Pharmaceuticals, Inc. *		17,576		1,714,363
Allergan, Inc.		27,674		2,753,286
Amgen, Inc.		67,667		6,802,564
Biogen Idec, Inc. *		21,274		5,052,362
BioMarin Pharmaceutical, Inc. *		12,119		759,861
Celgene Corp. *		37,703		4,661,976
Covance, Inc. *		5,129		382,521
Endo Health Solutions, Inc. *		9,996		362,855
Forest Laboratories, Inc. *		20,943		832,484
Gilead Sciences, Inc. *		137,644		7,498,845
Illumina, Inc. *		11,381		800,312
Johnson & Johnson		252,199		21,230,112
Life Technologies Corp. *		15,483		1,147,290
Medivation, Inc. *		6,682		324,478
Mettler-Toledo International, Inc. *		2,716		592,794
Onyx Pharmaceuticals, Inc. *		6,451		615,748
Perrigo Co.		7,935		919,746
Pharmacyclics, Inc. *		4,524		414,580
Quintiles Transnational Holdings, Inc. *		2,125		93,585
Regeneron Pharmaceuticals, Inc. *		6,929		1,675,917
Seattle Genetics, Inc. *		9,316		319,725
Thermo Fisher Scientific, Inc.		32,174		2,840,964
Vertex Pharmaceuticals, Inc. *		19,875		1,596,161
Warner Chilcott plc, Class A		15,891		305,107
Waters Corp. *		7,730		747,568
Zoetis, Inc. (a)		7,751		248,032
				67,530,274
Real Estate 3.2%
Alexandria Real Estate Equities, Inc.		5,975		409,287
American Campus Communities, Inc.		9,525		388,906
American Tower Corp.		35,569		2,768,691
AvalonBay Communities, Inc.		10,606		1,406,992
Boston Properties, Inc.		13,645		1,454,284
BRE Properties, Inc.		7,054		352,629

3

 Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
CBRE Group, Inc., Class A *		27,695		641,970
Corrections Corp. of America		10,071		353,996
Digital Realty Trust, Inc.		11,346		691,085
Essex Property Trust, Inc.		3,394		533,333
Extra Space Storage, Inc.		9,264		388,069
Federal Realty Investment Trust		6,017		648,332
Host Hotels & Resorts, Inc.		65,410		1,163,644
Jones Lang LaSalle, Inc.		4,026		369,707
Public Storage		12,975		1,969,605
Realogy Holdings Corp. *		10,540		544,286
Simon Property Group, Inc.		28,406		4,727,895
SL Green Realty Corp.		8,173		710,887
Taubman Centers, Inc.		5,655		455,680
The Macerich Co.		12,315		799,367
Ventas, Inc.		26,264		1,874,462
				22,653,107
Retailing 5.7%
Advance Auto Parts, Inc.		6,677		544,309
Amazon.com, Inc. *		32,843		8,835,752
AutoZone, Inc. *		3,326		1,359,769
Bed Bath & Beyond, Inc. *		20,344		1,388,478
CarMax, Inc. *		20,541		960,703
Dick’s Sporting Goods, Inc.		9,232		483,203
Dollar General Corp. *		27,209		1,436,635
Dollar Tree, Inc. *		20,330		976,653
Family Dollar Stores, Inc.		8,824		539,588
J.C. Penney Co., Inc. *		13,095		230,210
LKQ Corp. *		26,538		649,650
Lowe’s Cos., Inc.		99,941		4,208,516
Netflix, Inc. *		5,000		1,131,250
Nordstrom, Inc.		13,458		791,600
O’Reilly Automotive, Inc. *		10,011		1,090,298
PetSmart, Inc.		9,957		672,097
Priceline.com, Inc. *		4,653		3,740,686
Ross Stores, Inc.		20,004		1,286,257
Sally Beauty Holdings, Inc. *		13,691		419,082
Sears Holdings Corp. *(a)		3,372		164,655
Target Corp.		58,594		4,072,283
The TJX Cos., Inc.		65,650		3,322,546
Tiffany & Co.		10,688		831,313
Tractor Supply Co.		6,231		697,747
Ulta Salon, Cosmetics & Fragrance, Inc. *		5,390		489,196
Urban Outfitters, Inc. *		9,990		418,881
				40,741,357
Semiconductors & Semiconductor Equipment 0.8%
Altera Corp.		28,772		954,943
Broadcom Corp., Class A		47,112		1,691,792
Cree, Inc. *		10,690		666,521
Marvell Technology Group Ltd.		40,549		439,551
NVIDIA Corp.		52,740		764,203
Skyworks Solutions, Inc. *		17,227		411,036
Xilinx, Inc.		23,541		956,942
				5,884,988
Software & Services 15.7%
Accenture plc, Class A		58,001		4,762,462
Activision Blizzard, Inc.		37,839		546,017
Adobe Systems, Inc. *		44,891		1,926,273
Akamai Technologies, Inc. *		15,924		734,415
Alliance Data Systems Corp. *		4,462		790,176
ANSYS, Inc. *		8,246		614,327
Autodesk, Inc. *		20,096		758,222
Automatic Data Processing, Inc.		43,662		3,000,453
BMC Software, Inc. *		11,655		527,913
Citrix Systems, Inc. *		16,760		1,078,506
Cognizant Technology Solutions Corp., Class A *		27,166		1,756,282
Concur Technologies, Inc. *		4,147		334,787
eBay, Inc. *		105,609		5,713,447
Electronic Arts, Inc. *		26,996		620,638
Equinix, Inc. *		4,394		890,400
Facebook, Inc., Class A *		50,103		1,220,008
FactSet Research Systems, Inc. (a)		3,749		368,114
Fidelity National Information Services, Inc.		26,396		1,185,180
Fiserv, Inc. *		11,998		1,045,746
FleetCor Technologies, Inc. *		6,086		529,969
Fortinet, Inc. *		11,964		230,427
Gartner, Inc. *		8,571		485,204
Genpact Ltd.		12,259		237,212
Global Payments, Inc.		6,913		331,547
Google, Inc., Class A *		24,086		20,964,695
IAC/InterActiveCorp		6,875		333,300
Informatica Corp. *		9,909		360,291
Intuit, Inc.		25,071		1,465,149
Jack Henry & Associates, Inc.		7,753		363,848
LinkedIn Corp., Class A *		6,160		1,031,985
MasterCard, Inc., Class A		9,543		5,441,896
MICROS Systems, Inc. *		7,340		309,748
Microsoft Corp.		680,146		23,723,492
NetSuite, Inc. *		2,462		215,671
Nuance Communications, Inc. *		23,271		442,149
Oracle Corp.		333,377		11,254,808
Rackspace Hosting, Inc. *		9,759		366,255
Red Hat, Inc. *		17,381		838,286
Salesforce.com, Inc. *		48,508		2,053,344
ServiceNow, Inc. *		1,098		40,362
SolarWinds, Inc. *		5,555		234,143
Solera Holdings, Inc.		6,037		330,647
Symantec Corp. *		62,039		1,389,053
Synopsys, Inc. *		13,649		497,506
Teradata Corp. *		14,907		831,065
TIBCO Software, Inc. *		14,164		302,118
Vantiv, Inc., Class A *		8,037		213,865
VeriFone Systems, Inc. *		9,882		230,547
Visa, Inc., Class A		46,586		8,298,830
VMware, Inc., Class A *		7,830		556,870
Workday, Inc., Class A *		2,073		133,149
				111,910,797
Technology Hardware & Equipment 11.3%
3D Systems Corp. *(a)		7,117		345,317
Amphenol Corp., Class A		14,371		1,119,501
Apple, Inc.		84,720		38,096,890
Cisco Systems, Inc.		481,520		11,595,002
Corning, Inc.		132,567		2,037,555
Dell, Inc.		131,488		1,755,365

4 

 Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
EMC Corp. *		189,461		4,691,054
F5 Networks, Inc. *		7,067		588,045
FLIR Systems, Inc.		12,935		315,097
Hewlett-Packard Co.		175,811		4,293,305
JDS Uniphase Corp. *		21,228		289,125
Juniper Networks, Inc. *		46,399		822,654
National Instruments Corp.		8,547		242,735
NetApp, Inc. *		32,433		1,217,210
Palo Alto Networks, Inc. *		2,954		143,328
QUALCOMM, Inc.		155,153		9,849,112
SanDisk Corp. *		21,762		1,284,393
Trimble Navigation Ltd. *		23,275		649,373
Western Digital Corp.		19,495		1,234,423
				80,569,484
Telecommunication Services 0.5%
Crown Castle International Corp. *		26,393		1,880,501
Level 3 Communications, Inc. *		14,685		314,699
SBA Communications Corp., Class A *		11,380		856,573
T-Mobile US, Inc. *		14,540		311,592
tw telecom, Inc. *		13,681		390,319
				3,753,684
Transportation 3.4%
C.H. Robinson Worldwide, Inc.		14,484		821,098
CSX Corp.		91,908		2,317,001
Delta Air Lines, Inc. *		76,663		1,380,701
Expeditors International of Washington, Inc.		18,571		724,826
FedEx Corp.		26,306		2,534,320
Genesee & Wyoming, Inc., Class A *		4,446		395,916
Hertz Global Holdings, Inc. *		34,100		880,803
J.B. Hunt Transport Services, Inc.		8,068		594,289
Kansas City Southern		9,916		1,097,701
Kirby Corp. *		5,081		396,724
Southwest Airlines Co.		65,554		928,900
Union Pacific Corp.		42,438		6,561,764
United Parcel Service, Inc., Class B		64,709		5,558,503
				24,192,546
Utilities 0.5%
Calpine Corp. *		34,499		700,675
ITC Holdings Corp.		4,772		413,112
NRG Energy, Inc.		28,878		736,966
ONEOK, Inc.		18,408		830,937
The AES Corp.		55,498		677,076
				3,358,766
Total Common Stock
(Cost $582,701,549)				712,295,946
Other Investment Companies 0.0% of net assets
Equity Fund 0.0%
iShares Russell 1000 Growth Index Fund		100		7,429
Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund		58,220		58,220
Total Other Investment Companies
(Cost $65,096)				65,649
End of Investments
Collateral Invested for Securities on Loan 0.2% of net assets
State Street Institutional U.S. Government Money Market Fund		1,221,857		1,221,857
Total Collateral Invested for Securities on Loan
(Cost $1,221,857)				1,221,857
End of Collateral Invested for Securities on Loan

At 05/31/13, the tax basis cost of the fund’s investments was $583,083,903 and the unrealized appreciation and depreciation were $138,815,564 and ($9,537,872), respectively, with a net unrealized appreciation of $129,277,692.

*	Non-income producing security.
(a)	All or a portion of this security is on loan.
(b)	Issuer is affiliated with the fund’s adviser.

Reg’d — Registered

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are

5

 Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued

primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the

6 

 Schwab U.S. Large-Cap Growth ETF

Portfolio Holdings (Unaudited) continued

amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Common Stock1		$712,295,946		$—		$—		$712,295,946
Other Investment Companies1		65,649		—		—		65,649
Total		$712,361,595		$—		$—		$712,361,595
Other Financial Instruments
Collateral Invested for Securities on Loan		$1,221,857		$—		$—		$1,221,857

¹ As categorized in Portfolio Holdings.

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended May 31, 2013.

REG56689MAY13

7

Schwab Strategic Trust
Schwab U.S. Large-Cap Value ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	99	.6%	Common Stock		535,455,070		627,413,497
	0	.1%	Other Investment Companies		730,245		733,330
	99	.7%	Total Investments		536,185,315		628,146,827
	0	.1%	Collateral Invested for Securities on Loan		519,503		519,503
	0	.2%	Other Assets and Liabilities, Net				1,200,552
	100	.0%	Net Assets				629,866,882

	Number		Value
Security	of Shares		($)
Common Stock 99.6% of net assets
Automobiles & Components 1.6%
Delphi Automotive plc		22,626		1,104,375
Ford Motor Co.		303,428		4,757,751
General Motors Co. *		59,015		2,000,018
Harley-Davidson, Inc.		17,448		951,614
Lear Corp.		7,581		454,709
TRW Automotive Holdings Corp. *		8,278		524,411
				9,792,878
Banks 5.2%
BB&T Corp.		53,974		1,776,824
BOK Financial Corp.		1,938		126,164
Comerica, Inc.		14,411		569,090
Cullen/Frost Bankers, Inc.		4,705		302,767
Fifth Third Bancorp		67,538		1,229,192
First Republic Bank		5,262		195,536
Hudson City Bancorp, Inc.		36,776		312,596
Huntington Bancshares, Inc.		64,036		496,279
KeyCorp		72,555		782,143
M&T Bank Corp.		9,497		996,235
New York Community Bancorp, Inc.		34,276		448,330
Ocwen Financial Corp. *		8,952		382,967
People’s United Financial, Inc.		27,295		375,579
Regions Financial Corp.		109,102		996,101
The PNC Financial Services Group, Inc.		40,978		2,935,664
U.S. Bancorp		144,481		5,065,504
Wells Fargo & Co.		379,838		15,402,431
Zions Bancorp		14,249		399,684
				32,793,086
Capital Goods 8.5%
3M Co.		49,092		5,413,375
Carlisle Cos., Inc.		4,883		319,397
Eaton Corp. plc		36,599		2,417,730
General Dynamics Corp.		25,598		1,973,606
General Electric Co.		806,197		18,800,514
Honeywell International, Inc.		60,784		4,769,113
Hubbell, Inc., Class B		4,278		429,639
IDEX Corp.		6,340		349,017
Ingersoll-Rand plc		21,264		1,223,318
L-3 Communications Holdings, Inc.		6,896		586,781
Lockheed Martin Corp.		20,647		2,185,072
Masco Corp.		27,093		569,495
Northrop Grumman Corp.		18,279		1,506,007
Oshkosh Corp. *		6,709		267,152
Owens Corning *		9,128		398,894
Parker Hannifin Corp.		11,481		1,145,345
Raytheon Co.		25,094		1,672,264
Rockwell Automation, Inc.		10,765		947,535
Rockwell Collins, Inc.		10,502		680,004
Snap-On, Inc.		4,501		409,996
Terex Corp. *		8,497		304,787
The Timken Co.		6,281		356,510
United Technologies Corp.		65,427		6,209,022
Xylem, Inc.		14,369		404,344
				53,338,917
Commercial & Professional Services 0.9%
Avery Dennison Corp.		8,013		348,566
Cintas Corp.		8,387		382,908
Iron Mountain, Inc.		12,920		463,053
Manpowergroup, Inc.		5,955		341,043
Republic Services, Inc.		23,420		798,622
The ADT Corp. *		17,304		702,369
Tyco International Ltd.		35,912		1,214,185
Waste Management, Inc.		34,201		1,434,048
				5,684,794
Consumer Durables & Apparel 0.9%
Garmin Ltd. (a)		8,650		302,144
Hanesbrands, Inc.		7,580		377,939
Hasbro, Inc.		9,138		406,458
Leggett & Platt, Inc.		11,191		358,112
Lennar Corp., Class A		12,829		504,436
Mattel, Inc.		26,625		1,191,469
Newell Rubbermaid, Inc.		21,821		590,040
Polaris Industries, Inc.		4,913		469,241
Tupperware Brands Corp.		4,172		337,849
Whirlpool Corp.		6,074		776,014
				5,313,702
Consumer Services 1.9%
Carnival Corp.		34,278		1,134,602
Darden Restaurants, Inc.		10,189		527,790
H&R Block, Inc.		21,398		626,319
International Game Technology		20,431		365,306

1

 Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
McDonald’s Corp.		77,763		7,509,573
MGM Resorts International *		28,656		434,712
Norwegian Cruise Line Holdings Ltd. *		1,870		57,502
Royal Caribbean Cruises Ltd.		11,304		395,753
Wyndham Worldwide Corp.		10,506		610,609
				11,662,166
Diversified Financials 9.9%
Ameriprise Financial, Inc.		15,661		1,276,685
Bank of America Corp.		838,911		11,459,524
Capital One Financial Corp.		44,925		2,737,280
Citigroup, Inc.		235,584		12,248,012
CME Group, Inc.		23,674		1,608,175
Eaton Vance Corp.		9,543		396,130
ING US, Inc. *		5,014		143,049
Invesco Ltd.		34,011		1,147,531
JPMorgan Chase & Co.		296,617		16,192,322
Legg Mason, Inc.		8,851		310,139
Leucadia National Corp.		22,632		710,192
LPL Financial Holdings, Inc.		2,912		107,977
Morgan Stanley		105,933		2,743,665
Northern Trust Corp.		16,841		979,304
NYSE Euronext		18,647		750,169
Raymond James Financial, Inc.		8,769		385,573
SLM Corp.		35,928		852,931
The Bank of New York Mellon Corp.		89,783		2,698,877
The Goldman Sachs Group, Inc.		33,932		5,499,699
The NASDAQ OMX Group, Inc.		9,149		287,827
				62,535,061
Energy 11.7%
Apache Corp.		30,220		2,481,969
Chesapeake Energy Corp.		40,260		879,278
Chevron Corp.		150,498		18,473,630
Cimarex Energy Co.		6,645		466,080
Cobalt International Energy, Inc. *		21,534		558,592
ConocoPhillips		94,453		5,793,747
Devon Energy Corp.		29,135		1,656,325
Exxon Mobil Corp.		347,132		31,405,032
Marathon Oil Corp.		54,594		1,877,488
Murphy Oil Corp.		13,939		882,618
Nabors Industries Ltd.		22,432		359,136
Newfield Exploration Co. *		10,412		247,701
Phillips 66		48,034		3,197,623
QEP Resources, Inc.		13,768		390,460
Spectra Energy Corp.		51,535		1,575,425
The Williams Cos., Inc.		53,088		1,867,636
Valero Energy Corp.		42,643		1,732,585
				73,845,325
Food & Staples Retailing 0.5%
Safeway, Inc.		18,821		433,071
Sysco Corp.		45,221		1,528,470
The Kroger Co.		40,099		1,350,133
				3,311,674
Food, Beverage & Tobacco 8.5%
Altria Group, Inc.		155,878		5,627,196
Archer-Daniels-Midland Co.		50,806		1,637,477
Beam, Inc.		12,556		814,131
Campbell Soup Co.		14,138		605,248
Coca-Cola Enterprises, Inc.		20,245		752,304
ConAgra Foods, Inc.		31,991		1,077,777
Constellation Brands, Inc., Class A *		11,778		624,352
Dr. Pepper Snapple Group, Inc.		15,672		720,599
General Mills, Inc.		50,175		2,362,239
H.J. Heinz Co.		24,733		1,789,680
Hillshire Brands Co.		9,837		340,754
Hormel Foods Corp.		10,470		416,915
Ingredion, Inc.		6,069		413,420
Kellogg Co.		19,304		1,197,813
Kraft Foods Group, Inc.		45,703		2,519,606
McCormick & Co., Inc. Non Voting Shares		10,264		709,037
Molson Coors Brewing Co., Class B		12,119		598,800
Mondelez International, Inc., Class A		137,990		4,065,186
Philip Morris International, Inc.		127,775		11,616,025
Reynolds American, Inc.		24,806		1,193,417
The Coca-Cola Co.		297,022		11,877,910
The Hershey Co.		11,529		1,027,349
The J.M. Smucker Co.		8,290		836,958
Tyson Foods, Inc., Class A		21,938		548,450
				53,372,643
Health Care Equipment & Services 2.2%
Abbott Laboratories		121,904		4,470,220
Boston Scientific Corp. *		104,577		966,291
Cardinal Health, Inc.		26,244		1,232,418
CIGNA Corp.		22,000		1,493,800
Humana, Inc.		12,231		988,020
Omnicare, Inc.		8,047		370,403
St. Jude Medical, Inc.		21,794		942,155
Tenet Healthcare Corp. *		8,024		380,097
WellPoint, Inc.		23,439		1,804,100
Zimmer Holdings, Inc.		13,062		1,025,498
				13,673,002
Household & Personal Products 3.3%
Avon Products, Inc.		33,921		799,518
Kimberly-Clark Corp.		30,116		2,916,132
The Clorox Co.		10,062		835,951
The Procter & Gamble Co.		211,620		16,243,951
				20,795,552
Insurance 5.7%
ACE Ltd.		26,164		2,346,388
Aflac, Inc.		36,078		2,009,184
American Financial Group, Inc.		5,766		279,997
American International Group, Inc. *		114,302		5,081,867
Aon plc		24,035		1,530,308
Arch Capital Group Ltd. *		10,168		520,703
Arthur J. Gallagher & Co.		9,837		429,680
Axis Capital Holdings Ltd.		8,743		380,845
Brown & Brown, Inc.		9,279		299,433
Cincinnati Financial Corp.		11,439		541,522
CNA Financial Corp.		1,838		62,804

2 

 Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Fidelity National Financial, Inc., Class A		16,582		436,272
Genworth Financial, Inc., Class A *		38,920		420,725
Hartford Financial Services Group, Inc.		33,675		1,031,465
HCC Insurance Holdings, Inc.		7,895		338,301
Lincoln National Corp.		20,743		739,695
Loews Corp.		23,855		1,093,036
Marsh & McLennan Cos., Inc.		42,292		1,692,526
MetLife, Inc.		84,785		3,748,345
Principal Financial Group, Inc.		21,696		821,194
Prudential Financial, Inc.		35,848		2,472,437
Reinsurance Group of America, Inc.		5,829		384,073
The Allstate Corp.		36,818		1,776,100
The Chubb Corp.		20,101		1,750,797
The Progressive Corp.		42,869		1,092,731
The Travelers Cos., Inc.		29,160		2,441,275
Torchmark Corp.		7,348		474,020
Unum Group		20,871		594,406
Validus Holdings Ltd.		7,953		287,183
W.R. Berkley Corp.		8,751		358,529
XL Group plc		22,740		714,718
				36,150,559
Materials 3.3%
Air Products & Chemicals, Inc.		15,985		1,509,144
Albemarle Corp.		6,855		458,737
Alcoa, Inc.		82,700		702,950
Ashland, Inc.		5,642		501,687
Axiall Corp.		5,350		230,852
Bemis Co., Inc.		7,960		311,634
Celanese Corp., Series A		12,474		615,592
E.I. du Pont de Nemours & Co.		72,615		4,051,191
Eastman Chemical Co.		11,886		852,464
Huntsman Corp.		15,230		296,223
International Flavors & Fragrances, Inc.		6,297		505,586
International Paper Co.		34,029		1,570,438
Martin Marietta Materials, Inc.		3,560		388,147
MeadWestvaco Corp.		13,714		479,990
Owens-Illinois, Inc. *		12,829		352,156
Packaging Corp. of America		7,571		370,979
PPG Industries, Inc.		11,015		1,692,014
Reliance Steel & Aluminum Co.		5,876		386,465
Rockwood Holdings, Inc.		6,037		402,426
RPM International, Inc.		10,174		337,065
Sealed Air Corp.		15,257		366,473
The Dow Chemical Co.		93,445		3,220,115
The Valspar Corp.		6,414		459,691
Valhi, Inc.		1,584		25,597
Vulcan Materials Co.		10,126		542,551
Westlake Chemical Corp.		1,484		138,606
				20,768,773
Media 3.6%
Cablevision Systems Corp., Class A		16,982		256,768
CBS Corp., Class B Non Voting Shares		45,163		2,235,568
Gannett Co., Inc.		18,037		387,796
Lamar Advertising Co., Class A *		4,251		198,649
News Corp., Class A		155,049		4,978,623
Omnicom Group, Inc.		20,178		1,253,659
The Interpublic Group of Cos., Inc.		31,930		454,045
The Walt Disney Co.		139,970		8,829,308
Time Warner, Inc.		72,548		4,234,627
				22,829,043
Pharmaceuticals, Biotechnology & Life Sciences 6.8%
AbbVie, Inc.		122,584		5,233,111
Bristol-Myers Squibb Co.		126,959		5,841,384
Eli Lilly & Co.		77,463		4,117,933
Hospira, Inc. *		12,752		442,239
Merck & Co., Inc.		234,316		10,942,557
Mylan, Inc. *		30,520		930,250
PerkinElmer, Inc.		8,949		280,283
Pfizer, Inc.		557,405		15,178,138
				42,965,895
Real Estate 2.9%
American Capital Agency Corp.		30,209		779,392
Annaly Capital Management, Inc.		75,173		1,020,849
Apartment Investment & Management Co., Class A		11,212		339,275
Camden Property Trust		6,533		452,410
CBL & Associates Properties, Inc.		12,432		285,812
DDR Corp.		18,913		330,221
Duke Realty Corp.		24,801		410,953
Equity Residential		24,713		1,397,520
General Growth Properties, Inc.		34,837		715,204
HCP, Inc.		34,981		1,657,400
Health Care REIT, Inc.		21,694		1,475,843
Kilroy Realty Corp.		5,739		303,650
Kimco Realty Corp.		32,097		710,949
Liberty Property Trust		9,332		378,693
National Retail Properties, Inc.		8,933		320,427
Plum Creek Timber Co., Inc.		12,790		610,083
ProLogis, Inc.		38,194		1,539,218
Rayonier, Inc.		9,688		536,715
Realty Income Corp.		14,937		678,887
Regency Centers Corp.		7,189		370,952
Senior Housing Properties Trust		14,494		374,670
Two Harbors Investment Corp.		26,959		297,358
UDR, Inc.		19,692		479,894
Vornado Realty Trust		13,011		1,040,229
Weingarten Realty Investors		8,618		274,742
Weyerhaeuser Co.		41,878		1,248,802
WP Carey, Inc.		4,368		295,888
				18,326,036
Retailing 3.1%
Abercrombie & Fitch Co., Class A		6,210		310,997
American Eagle Outfitters, Inc.		14,138		279,791
AutoNation, Inc. *		2,964		137,322
Best Buy Co., Inc.		20,932		576,677
CST Brands, Inc. *		4,731		143,775
Dillard’s, Inc., Class A		2,276		210,006
Expedia, Inc.		7,308		419,918
Foot Locker, Inc.		11,658		400,103
Genuine Parts Co.		11,980		931,325
Kohl’s Corp.		16,297		837,829

3

 Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
L Brands, Inc.		18,820		941,188
Liberty Interactive Corp., Series A *		40,514		909,539
Macy’s, Inc.		30,502		1,474,467
Signet Jewelers Ltd.		6,302		431,750
Staples, Inc.		52,014		780,210
The Gap, Inc.		23,310		945,220
The Home Depot, Inc.		115,973		9,122,436
TripAdvisor, Inc. *		8,595		554,292
Williams-Sonoma, Inc.		6,677		360,291
				19,767,136
Semiconductors & Semiconductor Equipment 3.1%
Analog Devices, Inc.		23,783		1,092,353
Applied Materials, Inc.		92,566		1,407,003
Intel Corp.		383,538		9,312,303
KLA-Tencor Corp.		12,801		720,568
Lam Research Corp. *		12,500		584,750
Linear Technology Corp.		18,222		683,325
LSI Corp. *		42,519		314,641
Maxim Integrated Products, Inc.		23,033		679,243
Microchip Technology, Inc.		15,142		552,380
Micron Technology, Inc. *		79,044		923,234
ON Semiconductor Corp. *		35,696		305,558
Texas Instruments, Inc.		85,672		3,074,768
				19,650,126
Software & Services 3.7%
CA, Inc.		25,686		701,485
Cadence Design Systems, Inc. *		21,717		328,578
Computer Sciences Corp.		11,853		528,762
International Business Machines Corp.		81,239		16,899,337
Paychex, Inc.		24,807		923,565
SAIC, Inc.		22,380		324,510
Total System Services, Inc.		12,699		298,553
VeriSign, Inc. *		11,788		554,507
Western Union Co.		43,886		718,853
Yahoo! Inc. *		74,774		1,966,556
				23,244,706
Technology Hardware & Equipment 1.1%
Arrow Electronics, Inc. *		8,138		323,567
Avnet, Inc. *		10,825		369,782
Harris Corp.		8,942		448,262
Jabil Circuit, Inc.		14,213		285,113
Molex, Inc.		10,835		317,899
Motorola Solutions, Inc.		21,289		1,233,910
NCR Corp. *		12,509		417,800
Seagate Technology plc		24,650		1,061,922
TE Connectivity Ltd.		32,399		1,438,192
Xerox Corp.		94,459		830,295
				6,726,742
Telecommunication Services 4.7%
AT&T, Inc.		425,476		14,887,405
CenturyLink, Inc.		48,296		1,649,309
Frontier Communications Corp. (a)		79,036		327,209
Sprint Nextel Corp. *		232,381		1,696,381
Verizon Communications, Inc.		221,625		10,744,380
Windstream Corp. (a)		45,665		366,690
				29,671,374
Transportation 0.4%
Norfolk Southern Corp.		24,230		1,855,776
United Continental Holdings, Inc. *		25,726		835,066
				2,690,842
Utilities 6.1%
AGL Resources, Inc.		9,279		392,780
Alliant Energy Corp.		8,617		424,473
Ameren Corp.		18,745		638,080
American Electric Power Co., Inc.		37,459		1,716,371
American Water Works Co., Inc.		13,894		554,926
Aqua America, Inc.		11,000		341,990
CenterPoint Energy, Inc.		33,064		766,423
CMS Energy Corp.		20,764		559,590
Consolidated Edison, Inc.		22,603		1,289,953
Dominion Resources, Inc.		44,483		2,515,514
DTE Energy Co.		13,348		889,110
Duke Energy Corp.		54,692		3,660,536
Edison International		25,124		1,154,197
Entergy Corp.		13,738		946,273
Exelon Corp.		65,953		2,066,967
FirstEnergy Corp.		32,264		1,258,619
Integrys Energy Group, Inc.		6,074		349,437
MDU Resources Group, Inc.		14,876		384,693
National Fuel Gas Co.		6,579		402,635
NextEra Energy, Inc.		32,895		2,487,520
NiSource, Inc.		24,063		691,330
Northeast Utilities		24,554		1,023,165
NV Energy, Inc.		18,662		437,437
OGE Energy Corp.		7,633		518,052
Pepco Holdings, Inc.		19,233		399,469
PG&E Corp.		33,859		1,520,608
Pinnacle West Capital Corp.		8,617		486,688
PPL Corp.		44,964		1,335,431
Public Service Enterprise Group, Inc.		39,046		1,290,080
Questar Corp.		14,088		342,479
SCANA Corp.		10,786		544,046
Sempra Energy		17,462		1,419,661
TECO Energy, Inc.		15,669		275,931
The Southern Co.		67,380		2,957,982
UGI Corp.		8,974		342,717
Westar Energy, Inc.		10,005		317,359
Wisconsin Energy Corp.		17,486		713,604
Xcel Energy, Inc.		37,860		1,087,339
				38,503,465
Total Common Stock
(Cost $535,455,070)				627,413,497
Other Investment Companies 0.1% of net assets
Equity Fund 0.0%
iShares Russell 1000 Value Index Fund		500		42,295

4 

 Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Money Market Fund 0.1%
State Street Institutional U.S. Government Money Market Fund		691,035		691,035
Total Other Investment Companies
(Cost $730,245)				733,330
End of Investments
Collateral Invested for Securities on Loan 0.1% of net assets
State Street Institutional U.S. Government Money Market Fund		519,503		519,503
Total Collateral Invested for Securities on Loan
(Cost $519,503)				519,503
End of Collateral Invested for Securities on Loan

At 05/31/13, the tax basis cost of the fund’s investments was $536,559,553 and the unrealized appreciation and depreciation were $94,735,980 and ($3,148,706), respectively, with a net unrealized appreciation $91,587,274.

*	Non-income producing security.
(a)	All or a portion of this security is on loan.

REIT — Real Estate Investment Trust

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

5

 Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Common Stock1		$627,413,497		$—		$—		$627,413,497
Other Investment Companies1		733,330		—		—		733,330
Total		$628,146,827		$—		$—		$628,146,827
Other Financial Instruments
Collateral Invested for Securities on Loan		$519,503		$—		$—		$519,503

¹ As categorized in Portfolio Holdings.

6 

 Schwab U.S. Large-Cap Value ETF

Portfolio Holdings (Unaudited) continued

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:

	Balance					Change in											Balance
	as of		Realized			Unrealized							Gross		Gross		as of
	August 31,		Gains			Gains		Gross		Gross			Transfers		Transfers		May 31,
Investments in Securities	2012		(Losses)			(Losses)		Purchases		Sales			in		out		2013
Rights		$—		($129	)		$4,145		$6,910		($10,926	)		$—		$—		$—
Total		$—		($129	)		$4,145		$6,910		($10,926	)		$—		$—		$—

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended May 31, 2013.

REG56690MAY13

7

Schwab Strategic Trust
Schwab U.S. Mid-Cap ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	99	.9%	Common Stock		454,628,253		514,732,400
	0	.0%	Other Investment Companies		195,976		196,131
	99	.9%	Total Investments		454,824,229		514,928,531
	1	.4%	Collateral Invested for Securities on Loan		7,374,370		7,374,370
	(1	.3)%	Other Assets and Liabilities, Net				(6,938,097	)
	100	.0%	Net Assets				515,364,804

	Number		Value
Security	of Shares		($)
Common Stock 99.9% of net assets
Automobiles & Components 1.5%
Allison Transmission Holdings, Inc.		7,318		174,168
Dana Holding Corp.		34,276		648,502
Gentex Corp.		33,633		769,187
Lear Corp.		22,412		1,344,272
Tesla Motors, Inc. *(a)		16,798		1,642,173
The Goodyear Tire & Rubber Co. *		57,696		873,517
TRW Automotive Holdings Corp. *		25,198		1,596,293
Visteon Corp. *		11,696		742,345
				7,790,457
Banks 3.8%
Associated Banc-Corp.		39,506		608,788
Bank of Hawaii Corp.		10,574		532,718
BankUnited, Inc.		12,364		303,907
BOK Financial Corp.		6,206		404,011
City National Corp.		11,122		698,017
Commerce Bancshares, Inc.		18,106		787,973
Cullen/Frost Bankers, Inc.		14,448		929,729
East West Bancorp, Inc.		32,948		867,850
First Horizon National Corp.		57,286		657,643
First Niagara Financial Group, Inc.		82,904		809,972
First Republic Bank		16,020		595,303
Fulton Financial Corp.		46,682		536,376
Hancock Holding Co.		19,918		568,659
Hudson City Bancorp, Inc.		111,802		950,317
Huntington Bancshares, Inc.		197,212		1,528,393
Nationstar Mortgage Holdings, Inc. *(a)		3,964		161,374
New York Community Bancorp, Inc.		102,917		1,346,154
Ocwen Financial Corp. *		27,272		1,166,696
People’s United Financial, Inc.		79,680		1,096,397
Popular, Inc. *		23,850		715,500
Prosperity Bancshares, Inc.		11,234		562,711
Signature Bank *		10,837		836,400
SVB Financial Group *		10,304		797,427
TCF Financial Corp.		37,718		543,139
TFS Financial Corp. *		17,570		192,919
Valley National Bancorp		46,826		436,418
Zions Bancorp		43,310		1,214,846
				19,849,637
Capital Goods 10.9%
A.O. Smith Corp.		18,030		706,776
Acuity Brands, Inc.		10,018		752,051
Aecom Technology Corp. *		24,622		758,111
AGCO Corp.		22,609		1,254,121
Air Lease Corp.		15,694		439,432
Armstrong World Industries, Inc. *		5,002		259,954
B/E Aerospace, Inc. *		24,530		1,556,183
Carlisle Cos., Inc.		14,904		974,871
CLARCOR, Inc.		11,656		632,221
Colfax Corp. *		19,693		982,681
Crane Co.		11,326		676,729
Donaldson Co., Inc.		31,744		1,190,717
EMCOR Group, Inc.		15,456		614,376
Fortune Brands Home & Security, Inc.		38,305		1,619,535
Foster Wheeler AG *		23,431		539,382
Gardner Denver, Inc.		11,552		872,176
GATX Corp.		10,848		541,641
Generac Holdings, Inc.		12,470		505,035
Graco, Inc.		14,286		920,733
Hexcel Corp. *		23,206		806,873
Hubbell, Inc., Class B		12,538		1,259,191
IDEX Corp.		19,235		1,058,887
ITT Corp.		21,374		644,426
Jacobs Engineering Group, Inc. *		30,398		1,732,990
KBR, Inc.		34,666		1,251,443
Kennametal, Inc.		18,658		808,638
Lennox International, Inc.		10,609		678,870
Lincoln Electric Holdings, Inc.		19,314		1,154,977
Masco Corp.		83,513		1,755,443
MRC Global, Inc. *		23,819		676,221
MSC Industrial Direct Co., Inc., Class A		10,962		906,229
Nordson Corp.		13,308		947,796
Oshkosh Corp. *		20,570		819,097
Owens Corning *		27,824		1,215,909
Pall Corp.		25,905		1,766,721
Quanta Services, Inc. *		49,945		1,416,940
Regal-Beloit Corp.		10,554		712,501
Snap-On, Inc.		13,706		1,248,480
Spirit AeroSystems Holdings, Inc., Class A *		25,960		560,996
SPX Corp.		11,012		869,067
Teledyne Technologies, Inc. *		9,110		703,474
Terex Corp. *		26,041		934,091
Textainer Group Holdings Ltd. (a)		3,864		144,861
The Babcock & Wilcox Co.		28,000		831,040
The Manitowoc Co., Inc.		30,734		645,721

1

 Schwab U.S. Mid-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
The Middleby Corp. *		4,333		708,402
The Timken Co.		18,567		1,053,863
The Toro Co.		13,524		644,554
TransDigm Group, Inc.		10,783		1,575,396
Trinity Industries, Inc.		18,654		763,508
Triumph Group, Inc.		11,774		914,251
United Rentals, Inc. *		21,781		1,238,032
URS Corp.		18,102		876,861
USG Corp. *		20,730		566,551
Valmont Industries, Inc.		5,664		862,797
WABCO Holdings, Inc. *		14,820		1,117,724
Wabtec Corp.		11,126		1,223,971
Watsco, Inc.		6,862		598,710
WESCO International, Inc. *		10,244		760,719
Woodward, Inc.		14,236		557,339
Xylem, Inc.		43,748		1,231,069
				56,041,354
Commercial & Professional Services 2.8%
Avery Dennison Corp.		23,556		1,024,686
Cintas Corp.		24,664		1,126,035
Clean Harbors, Inc. *		12,422		710,538
Copart, Inc. *		24,926		857,205
Covanta Holding Corp.		30,902		631,946
Equifax, Inc.		28,211		1,718,050
Iron Mountain, Inc.		39,190		1,404,570
KAR Auction Services, Inc.		22,394		525,139
Manpowergroup, Inc.		17,701		1,013,736
Pitney Bowes, Inc. (a)		47,298		694,335
Robert Half International, Inc.		32,826		1,141,032
Rollins, Inc.		15,490		391,277
The Dun & Bradstreet Corp.		9,604		942,536
Towers Watson & Co., Class A		13,248		1,029,105
Waste Connections, Inc.		28,983		1,166,276
				14,376,466
Consumer Durables & Apparel 4.9%
Brunswick Corp.		22,038		739,816
Carter’s, Inc.		11,982		863,543
D.R. Horton, Inc.		65,475		1,594,971
Fossil, Inc. *		12,794		1,358,723
Hanesbrands, Inc.		22,913		1,142,442
Harman International Industries, Inc.		15,812		839,617
Hasbro, Inc.		26,946		1,198,558
Jarden Corp. *		23,700		1,103,946
Leggett & Platt, Inc.		33,309		1,065,888
Lennar Corp., Class A		38,517		1,514,488
Mohawk Industries, Inc. *		13,577		1,509,355
Newell Rubbermaid, Inc.		66,940		1,810,058
NVR, Inc. *		1,098		1,079,674
Polaris Industries, Inc.		14,968		1,429,594
PulteGroup, Inc. *		79,682		1,720,334
PVH Corp.		18,237		2,100,720
Taylor Morrison Home Corp., Class A *		6,563		169,522
Tempur-Pedic International, Inc. *		14,060		594,457
Toll Brothers, Inc. *		35,127		1,200,290
Tupperware Brands Corp.		12,660		1,025,207
Under Armour, Inc., Class A *		18,206		1,128,772
				25,189,975
Consumer Services 2.9%
Apollo Group, Inc., Class A *		23,560		470,964
Bally Technologies, Inc. *		9,014		513,347
Bloomin’ Brands, Inc. *		10,225		237,834
Brinker International, Inc.		16,684		654,180
Burger King Worldwide, Inc. (a)		14,494		267,849
Choice Hotels International, Inc.		6,222		245,645
Darden Restaurants, Inc.		30,159		1,562,236
Domino’s Pizza, Inc.		13,102		776,556
Dunkin’ Brands Group, Inc.		17,224		682,070
H&R Block, Inc.		63,411		1,856,040
International Game Technology		62,176		1,111,707
MGM Resorts International *		87,448		1,326,586
Norwegian Cruise Line Holdings Ltd. *		5,595		172,046
Panera Bread Co., Class A *		6,684		1,282,192
Penn National Gaming, Inc. *		15,690		863,578
SeaWorld Entertainment, Inc. *		6,029		213,366
Service Corp. International		49,650		892,707
Six Flags Entertainment Corp.		11,085		826,608
Sotheby’s		15,920		593,020
Weight Watchers International, Inc.		6,263		287,159
				14,835,690
Diversified Financials 2.4%
Affiliated Managers Group, Inc. *		12,283		2,014,412
CBOE Holdings, Inc.		20,512		823,352
Credit Acceptance Corp. *		2,553		290,685
E*TRADE Financial Corp. *		66,794		776,814
Eaton Vance Corp.		28,124		1,167,427
Federated Investors, Inc., Class B (a)		22,148		612,835
ING US, Inc. *		15,077		430,147
Legg Mason, Inc.		26,970		945,029
LPL Financial Holdings, Inc.		9,384		347,959
MSCI, Inc. *		28,258		995,812
Raymond James Financial, Inc.		26,494		1,164,941
SEI Investments Co.		31,716		970,827
The NASDAQ OMX Group, Inc.		27,698		871,379
Waddell & Reed Financial, Inc., Class A		20,062		923,654
				12,335,273
Energy 6.1%
Atwood Oceanics, Inc. *		13,412		704,264
Berry Petroleum Co., Class A		10,586		458,480
Cheniere Energy, Inc. *		56,423		1,656,015
Cimarex Energy Co.		20,271		1,421,808
CVR Energy, Inc. (a)		3,420		214,810
Dresser-Rand Group, Inc. *		17,657		1,070,014
Dril-Quip, Inc. *		8,114		733,911
Energen Corp.		16,980		920,146
Forum Energy Technologies, Inc. *		5,285		156,912
Gulfport Energy Corp. *		15,800		753,502
Helix Energy Solutions Group, Inc. *		22,784		543,626
Helmerich & Payne, Inc.		24,795		1,530,843
Kodiak Oil & Gas Corp. *		61,146		536,862
Laredo Petroleum Holdings, Inc. *		6,255		121,097
McDermott International, Inc. *		55,414		529,204
McMoRan Exploration Co. *		23,428		389,608

2 

 Schwab U.S. Mid-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Nabors Industries Ltd.		68,392		1,094,956
Newfield Exploration Co. *		31,736		754,999
Oasis Petroleum, Inc. *		16,698		620,498
Oceaneering International, Inc.		25,379		1,839,470
Oil States International, Inc. *		12,822		1,262,967
Patterson-UTI Energy, Inc.		34,368		722,072
QEP Resources, Inc.		41,988		1,190,780
Rosetta Resources, Inc. *		13,929		652,713
Rowan Cos. plc, Class A *		29,228		971,539
RPC, Inc. (a)		14,946		188,170
SandRidge Energy, Inc. *(a)		82,026		424,074
SM Energy Co.		15,572		944,286
Superior Energy Services, Inc. *		37,484		1,000,073
Targa Resources Corp.		6,662		429,166
Teekay Corp.		8,614		332,845
Tesoro Corp.		32,184		1,984,144
Tidewater, Inc.		11,552		636,400
Ultra Petroleum Corp. *(a)		35,982		819,670
Unit Corp. *		10,244		462,721
Western Refining, Inc.		12,551		418,827
Whiting Petroleum Corp. *		27,550		1,269,228
World Fuel Services Corp.		16,998		692,328
WPX Energy, Inc. *		47,000		905,220
				31,358,248
Food & Staples Retailing 0.5%
PriceSmart, Inc.		4,286		361,867
Safeway, Inc.		56,292		1,295,279
The Fresh Market, Inc. *		9,592		475,187
United Natural Foods, Inc. *		11,552		611,332
				2,743,665
Food, Beverage & Tobacco 2.0%
Constellation Brands, Inc., Class A *		35,555		1,884,771
Dean Foods Co. *		43,740		458,833
Flowers Foods, Inc.		26,946		899,188
Green Mountain Coffee Roasters, Inc. *		28,834		2,108,630
Hillshire Brands Co.		28,874		1,000,195
Ingredion, Inc.		17,983		1,225,002
Pilgrim’s Pride Corp. *		13,746		164,402
Pinnacle Foods, Inc. *		6,845		168,113
Seaboard Corp.		83		228,688
Smithfield Foods, Inc. *		29,300		965,142
The Hain Celestial Group, Inc. *		10,860		723,493
WhiteWave Foods Co., Class A *(a)		14,719		256,702
WhiteWave Foods Co., Class B *		15,915		263,237
				10,346,396
Health Care Equipment & Services 4.3%
Align Technology, Inc. *		16,644		595,023
athenahealth, Inc. *		8,488		717,660
Brookdale Senior Living, Inc. *		23,122		655,509
Centene Corp. *		12,136		600,732
Community Health Systems, Inc.		21,658		1,043,266
DENTSPLY International, Inc.		33,563		1,401,591
Health Management Associates, Inc., Class A *		59,536		821,001
Health Net, Inc. *		18,617		593,324
HMS Holdings Corp. *		20,447		509,130
Hologic, Inc. *		62,922		1,305,632
IDEXX Laboratories, Inc. *		12,824		1,057,211
LifePoint Hospitals, Inc. *		11,079		550,959
MEDNAX, Inc. *		11,774		1,092,980
Omnicare, Inc.		24,697		1,136,803
Owens & Minor, Inc.		14,818		506,479
Patterson Cos., Inc.		19,636		767,375
ResMed, Inc. (a)		33,497		1,607,856
Sirona Dental Systems, Inc. *		13,316		944,637
STERIS Corp.		13,716		621,883
Team Health Holdings, Inc. *		8,050		314,514
Teleflex, Inc.		9,575		750,010
Tenet Healthcare Corp. *		24,493		1,160,233
The Cooper Cos., Inc.		11,226		1,268,650
Universal Health Services, Inc., Class B		20,826		1,439,910
WellCare Health Plans, Inc. *		10,144		528,908
				21,991,276
Household & Personal Products 0.7%
Energizer Holdings, Inc.		14,406		1,378,798
Herbalife Ltd. (a)		24,709		1,153,169
Nu Skin Enterprises, Inc., Class A		11,842		696,310
Spectrum Brands Holdings, Inc.		5,252		316,643
				3,544,920
Insurance 6.0%
Alleghany Corp. *		3,956		1,542,840
Allied World Assurance Co. Holdings AG		8,260		738,527
American Financial Group, Inc.		17,578		853,588
American National Insurance Co.		1,911		190,871
AmTrust Financial Services, Inc. (a)		6,218		205,381
Arch Capital Group Ltd. *		31,235		1,599,544
Arthur J. Gallagher & Co.		29,480		1,287,686
Aspen Insurance Holdings Ltd.		16,453		604,483
Assurant, Inc.		18,548		922,578
Assured Guaranty Ltd.		45,675		1,033,168
Axis Capital Holdings Ltd.		26,748		1,165,143
Brown & Brown, Inc.		27,706		894,073
Cincinnati Financial Corp.		34,404		1,628,685
CNO Financial Group, Inc.		51,264		632,598
Erie Indemnity Co., Class A		5,980		453,942
Everest Re Group Ltd.		11,882		1,540,026
Fidelity National Financial, Inc., Class A		50,462		1,327,655
First American Financial Corp.		24,916		594,994
Genworth Financial, Inc., Class A *		114,708		1,239,993
HCC Insurance Holdings, Inc.		23,622		1,012,203
Markel Corp. *		3,026		1,582,265
Mercury General Corp.		8,496		380,451
Old Republic International Corp.		56,722		771,986
PartnerRe Ltd.		13,826		1,253,327
ProAssurance Corp.		14,494		727,599
Protective Life Corp.		18,054		698,329
Reinsurance Group of America, Inc.		17,328		1,141,742
RenaissanceRe Holdings Ltd.		10,373		891,663
Torchmark Corp.		21,826		1,407,995
Validus Holdings Ltd.		23,794		859,201

3

 Schwab U.S. Mid-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
W.R. Berkley Corp.		25,842		1,058,747
White Mountains Insurance Group Ltd.		1,191		704,083
				30,945,366
Materials 7.7%
Airgas, Inc.		16,297		1,676,798
Albemarle Corp.		20,804		1,392,204
Allegheny Technologies, Inc.		25,308		697,742
Allied Nevada Gold Corp. *		19,184		148,100
AptarGroup, Inc.		15,403		873,658
Ashland, Inc.		17,224		1,531,558
Axiall Corp.		16,122		695,664
Bemis Co., Inc.		24,200		947,430
Cabot Corp.		14,060		575,616
Carpenter Technology Corp.		10,204		491,425
Chemtura Corp. *		22,662		519,640
Cliffs Natural Resources, Inc. (a)		35,142		633,962
Coeur Mining, Inc. *		23,750		337,013
Compass Minerals International, Inc.		7,836		683,769
Crown Holdings, Inc. *		33,607		1,423,256
Cytec Industries, Inc.		9,801		700,477
Domtar Corp.		8,166		591,790
Eagle Materials, Inc.		10,848		800,040
Graphic Packaging Holding Co. *		43,467		334,261
Greif, Inc., Class A		7,084		369,076
Huntsman Corp.		45,124		877,662
International Flavors & Fragrances, Inc.		19,156		1,538,035
Kronos Worldwide, Inc. (a)		5,280		89,285
Louisiana-Pacific Corp. *		32,244		566,527
Martin Marietta Materials, Inc.		10,677		1,164,113
MeadWestvaco Corp.		41,143		1,440,005
NewMarket Corp.		2,606		714,669
Owens-Illinois, Inc. *		38,620		1,060,119
Packaging Corp. of America		22,939		1,124,011
Reliance Steel & Aluminum Co.		17,880		1,175,968
Rock-Tenn Co., Class A		16,762		1,655,750
Rockwood Holdings, Inc.		18,428		1,228,411
Royal Gold, Inc.		15,240		834,542
RPM International, Inc.		30,874		1,022,856
Sealed Air Corp.		45,700		1,097,714
Silgan Holdings, Inc.		10,623		496,838
Sonoco Products Co.		23,774		832,566
Steel Dynamics, Inc.		51,772		794,183
The Scotts Miracle-Gro Co., Class A (a)		9,140		432,048
The Valspar Corp.		19,481		1,396,203
Tronox Ltd., Class A		5,668		130,817
United States Steel Corp. (a)		33,922		600,080
Valhi, Inc.		5,216		84,291
Vulcan Materials Co.		30,417		1,629,743
W.R. Grace & Co. *		16,672		1,408,951
Walter Energy, Inc.		14,702		250,816
Westlake Chemical Corp.		4,700		438,980
				39,508,662
Media 1.5%
AMC Networks, Inc., Class A *		13,612		871,440
Cablevision Systems Corp., Class A		50,398		762,018
Cinemark Holdings, Inc.		23,750		696,825
Clear Channel Outdoor Holdings, Inc., Class A *		9,178		78,655
Gannett Co., Inc.		51,988		1,117,742
John Wiley & Sons, Inc., Class A		11,000		436,700
Lamar Advertising Co., Class A *		12,982		606,649
Morningstar, Inc.		5,328		366,460
Regal Entertainment Group, Class A (a)		18,662		330,317
The Interpublic Group of Cos., Inc.		96,706		1,375,159
The Madison Square Garden Co., Class A *		14,369		841,018
The Washington Post Co., Class B		1,072		500,871
				7,983,854
Pharmaceuticals, Biotechnology & Life Sciences 4.5%
Alkermes plc *		31,164		973,875
ARIAD Pharmaceuticals, Inc. *		42,807		785,080
Bio-Rad Laboratories, Inc., Class A *		4,700		534,296
BioMarin Pharmaceutical, Inc. *		31,489		1,974,360
Bruker Corp. *		21,929		362,486
Cepheid, Inc. *		15,356		533,775
Charles River Laboratories International, Inc. *		11,326		490,529
Covance, Inc. *		12,982		968,197
Cubist Pharmaceuticals, Inc. *		15,256		838,317
Endo Health Solutions, Inc. *		26,862		975,091
Hospira, Inc. *		39,516		1,370,415
Illumina, Inc. *		28,925		2,034,006
Incyte Corp. *(a)		31,056		688,511
Jazz Pharmaceuticals plc *		11,492		781,111
Medivation, Inc. *		17,422		846,012
Mettler-Toledo International, Inc. *		7,084		1,546,154
Onyx Pharmaceuticals, Inc. *		16,826		1,606,042
PerkinElmer, Inc.		26,708		836,495
Pharmacyclics, Inc. *		11,770		1,078,603
Quintiles Transnational Holdings, Inc. *		5,356		235,878
Salix Pharmaceuticals Ltd. *		12,167		738,172
Seattle Genetics, Inc. *		24,390		837,065
Techne Corp.		8,162		542,855
United Therapeutics Corp. *		10,949		727,780
Warner Chilcott plc, Class A		41,210		791,232
				23,096,337
Real Estate 9.9%
Alexandria Real Estate Equities, Inc.		16,436		1,125,866
American Campus Communities, Inc.		24,365		994,823
Apartment Investment & Management Co., Class A		34,324		1,038,644
BioMed Realty Trust, Inc.		44,258		926,320
BRE Properties, Inc.		17,911		895,371
Camden Property Trust		19,851		1,374,682
CBL & Associates Properties, Inc.		37,940		872,241
CBRE Group, Inc., Class A *		71,034		1,646,568
Chimera Investment Corp.		241,540		736,697
Corrections Corp. of America		26,874		944,621
CYS Investments, Inc.		40,516		416,504
DDR Corp.		57,756		1,008,420
Douglas Emmett, Inc.		30,846		786,265

4 

 Schwab U.S. Mid-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Duke Realty Corp.		75,542		1,251,731
EPR Properties		10,848		568,652
Equity Lifestyle Properties, Inc.		9,166		707,340
Equity One, Inc.		14,290		333,386
Essex Property Trust, Inc.		9,073		1,425,731
Extra Space Storage, Inc.		24,204		1,013,906
Federal Realty Investment Trust		15,173		1,634,891
Forest City Enterprises, Inc., Class A *		32,666		612,814
Hatteras Financial Corp.		23,238		600,005
Healthcare Trust of America, Inc.		12,499		143,613
Highwoods Properties, Inc.		18,879		687,573
Home Properties, Inc.		12,137		737,565
Hospitality Properties Trust		32,164		938,546
Invesco Mortgage Capital, Inc.		30,412		567,184
Jones Lang LaSalle, Inc.		10,348		950,257
Kilroy Realty Corp.		17,421		921,745
LaSalle Hotel Properties		22,140		584,496
Liberty Property Trust		28,134		1,141,678
Mack-Cali Realty Corp.		19,636		520,354
MFA Financial, Inc.		84,112		738,503
Mid-America Apartment Communities, Inc.		9,910		673,583
National Retail Properties, Inc.		27,248		977,386
OMEGA Healthcare Investors, Inc.		26,490		858,541
Piedmont Office Realty Trust, Inc., Class A		39,472		749,573
Post Properties, Inc.		12,680		606,104
Rayonier, Inc.		29,090		1,611,586
Realogy Holdings Corp. *		27,578		1,424,128
Realty Income Corp.		45,435		2,065,021
Regency Centers Corp.		21,046		1,085,974
Retail Properties of America, Inc., Class A		7,659		116,876
RLJ Lodging Trust		28,056		649,777
Senior Housing Properties Trust		44,214		1,142,932
SL Green Realty Corp.		21,374		1,859,110
Starwood Property Trust, Inc.		37,887		961,193
Tanger Factory Outlet Centers		22,144		763,525
Taubman Centers, Inc.		14,833		1,195,243
The Geo Group, Inc.		16,544		576,062
The Howard Hughes Corp. *		6,540		651,384
Two Harbors Investment Corp.		81,646		900,555
UDR, Inc.		58,595		1,427,960
Weingarten Realty Investors		26,286		837,998
WP Carey, Inc.		13,304		901,213
				50,882,716
Retailing 5.5%
Aaron’s, Inc.		16,572		465,507
Abercrombie & Fitch Co., Class A		18,678		935,394
Advance Auto Parts, Inc.		17,249		1,406,138
American Eagle Outfitters, Inc.		42,396		839,017
Ascena Retail Group, Inc. *		29,852		606,891
AutoNation, Inc. *		9,090		421,140
Best Buy Co., Inc.		62,132		1,711,737
Cabela’s, Inc. *		10,904		731,222
Chico’s FAS, Inc.		38,942		703,293
Dick’s Sporting Goods, Inc.		22,897		1,198,429
Dillard’s, Inc., Class A		7,184		662,868
DSW, Inc., Class A		7,958		588,812
Foot Locker, Inc.		35,433		1,216,061
GameStop Corp., Class A (a)		28,492		944,795
GNC Holdings, Inc., Class A		17,332		780,460
Groupon, Inc. *		62,946		483,425
Guess?, Inc.		14,390		457,314
HomeAway, Inc. *		8,461		258,737
HSN, Inc.		8,594		488,913
J.C. Penney Co., Inc. *		32,988		579,929
LKQ Corp. *		69,735		1,707,113
Penske Automotive Group, Inc.		9,760		313,394
Pier 1 Imports, Inc.		25,038		580,631
Sally Beauty Holdings, Inc. *		36,538		1,118,428
Sears Holdings Corp. *(a)		8,372		408,805
Signet Jewelers Ltd.		18,969		1,299,566
The Buckle, Inc. (a)		6,340		339,063
Tractor Supply Co.		16,133		1,806,573
TripAdvisor, Inc. *		25,638		1,653,395
Ulta Salon, Cosmetics & Fragrance, Inc. *		13,932		1,264,468
Urban Outfitters, Inc. *		25,730		1,078,859
Williams-Sonoma, Inc.		20,097		1,084,434
				28,134,811
Semiconductors & Semiconductor Equipment 2.0%
ASML Holding NV - Reg’d		8,403		682,941
Atmel Corp. *		103,296		812,939
Cree, Inc. *		27,368		1,706,395
First Solar, Inc. *		14,144		769,151
Lam Research Corp. *		38,023		1,778,716
LSI Corp. *		129,302		956,835
Marvell Technology Group Ltd.		101,120		1,096,141
ON Semiconductor Corp. *		105,398		902,207
Skyworks Solutions, Inc. *		45,132		1,076,849
Teradyne, Inc. *		44,786		803,461
				10,585,635
Software & Services 7.2%
Akamai Technologies, Inc. *		41,660		1,921,359
Alliance Data Systems Corp. *		11,656		2,064,161
ANSYS, Inc. *		21,804		1,624,398
AOL, Inc. *		18,106		627,554
Aspen Technology, Inc. *		21,596		661,269
Booz Allen Hamilton Holding Corp.		10,027		174,871
Broadridge Financial Solutions, Inc.		28,616		776,638
Cadence Design Systems, Inc. *		66,274		1,002,726
CommVault Systems, Inc. *		9,982		698,740
Computer Sciences Corp.		35,946		1,603,551
Compuware Corp. *		49,850		559,815
Concur Technologies, Inc. *		10,674		861,712
CoreLogic, Inc. *		22,662		593,744
CoStar Group, Inc. *		6,218		695,235
DST Systems, Inc.		7,084		482,987
Electronic Arts, Inc. *		70,088		1,611,323
FactSet Research Systems, Inc. (a)		9,409		923,870
FleetCor Technologies, Inc. *		16,060		1,398,505
Fortinet, Inc. *		31,192		600,758
Gartner, Inc. *		21,926		1,241,231
Genpact Ltd.		31,832		615,949
Global Payments, Inc.		18,532		888,795
IAC/InterActiveCorp		18,210		882,821
Informatica Corp. *		25,312		920,344

5

 Schwab U.S. Mid-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Jack Henry & Associates, Inc.		20,288		952,116
Lender Processing Services, Inc.		19,962		660,543
MAXIMUS, Inc.		7,828		584,204
MICROS Systems, Inc. *		18,658		787,368
NetSuite, Inc. *		6,528		571,853
NeuStar, Inc., Class A *		15,561		754,086
PTC, Inc. *		28,158		707,047
SAIC, Inc.		66,758		967,991
ServiceNow, Inc. *		3,006		110,501
SolarWinds, Inc. *		14,457		609,363
Solera Holdings, Inc.		16,033		878,127
Splunk, Inc. *		6,750		315,630
Synopsys, Inc. *		36,092		1,315,553
Syntel, Inc.		3,864		246,948
TIBCO Software, Inc. *		36,598		780,635
Total System Services, Inc.		37,742		887,314
Ultimate Software Group, Inc. *		6,340		705,642
Vantiv, Inc., Class A *		20,880		555,617
VeriFone Systems, Inc. *		25,389		592,325
WEX, Inc. *		8,916		658,625
				37,073,844
Technology Hardware & Equipment 3.4%
3D Systems Corp. *(a)		21,395		1,038,085
Anixter International, Inc. *		6,328		485,548
Arrow Electronics, Inc. *		24,876		989,070
Aruba Networks, Inc. *		24,716		369,257
Avnet, Inc. *		32,113		1,096,980
AVX Corp.		11,056		132,451
Brocade Communications Systems, Inc. *		107,143		581,787
Dolby Laboratories, Inc., Class A (a)		11,230		393,050
EchoStar Corp., Class A *		9,196		365,173
FEI Co.		8,916		642,041
FLIR Systems, Inc.		34,042		829,263
Harris Corp.		26,486		1,327,743
Ingram Micro, Inc., Class A *		35,427		677,010
IPG Photonics Corp.		6,726		398,852
Jabil Circuit, Inc.		43,297		868,538
JDS Uniphase Corp. *		55,260		752,641
Molex, Inc.		32,492		953,315
National Instruments Corp.		22,332		634,229
NCR Corp. *		38,438		1,283,829
Palo Alto Networks, Inc. *		7,688		373,022
Polycom, Inc. *		41,614		471,487
Riverbed Technology, Inc. *		38,442		594,313
Trimble Navigation Ltd. *		59,799		1,668,392
Zebra Technologies Corp., Class A *		11,982		547,098
				17,473,174
Telecommunication Services 1.1%
Clearwire Corp., Class A *		103,296		462,766
Frontier Communications Corp. (a)		234,756		971,890
Level 3 Communications, Inc. *		37,948		813,226
T-Mobile US, Inc. *		39,195		839,949
Telephone & Data Systems, Inc.		23,636		549,537
tw telecom, Inc. *		35,774		1,020,632
United States Cellular Corp. *		3,119		123,824
Windstream Corp. (a)		136,804		1,098,536
				5,880,360
Transportation 2.6%
Alaska Air Group, Inc. *		16,322		927,416
AMERCO		1,543		266,013
Avis Budget Group, Inc. *		26,030		863,155
Genesee & Wyoming, Inc., Class A *		11,492		1,023,363
Hertz Global Holdings, Inc. *		93,320		2,410,456
J.B. Hunt Transport Services, Inc.		21,262		1,566,159
Kirby Corp. *		13,287		1,037,449
Landstar System, Inc.		10,900		575,411
Old Dominion Freight Line, Inc. *		16,482		709,715
Ryder System, Inc.		12,118		763,919
United Continental Holdings, Inc. *		77,688		2,521,752
US Airways Group, Inc. *(a)		37,718		662,705
				13,327,513
Utilities 5.7%
AGL Resources, Inc.		27,702		1,172,626
Alliant Energy Corp.		25,873		1,274,504
American Water Works Co., Inc.		41,134		1,642,892
Aqua America, Inc.		33,040		1,027,214
Atmos Energy Corp.		21,266		897,850
Cleco Corp.		14,286		650,156
CMS Energy Corp.		62,030		1,671,708
Great Plains Energy, Inc.		36,132		815,499
Hawaiian Electric Industries, Inc.		23,098		604,475
IDACORP, Inc.		11,782		556,464
Integrys Energy Group, Inc.		18,428		1,060,163
ITC Holdings Corp.		12,104		1,047,843
MDU Resources Group, Inc.		44,380		1,147,667
National Fuel Gas Co.		19,614		1,200,377
NRG Energy, Inc.		75,689		1,931,583
NV Energy, Inc.		55,059		1,290,583
OGE Energy Corp.		23,018		1,562,232
Pepco Holdings, Inc.		58,144		1,207,651
Piedmont Natural Gas Co., Inc.		17,764		600,245
Pinnacle West Capital Corp.		25,705		1,451,818
Questar Corp.		41,128		999,822
SCANA Corp.		32,548		1,641,721
TECO Energy, Inc.		47,982		844,963
UGI Corp.		26,612		1,016,312
Vectren Corp.		19,314		663,243
Westar Energy, Inc.		29,555		937,485
WGL Holdings, Inc.		12,108		519,675
				29,436,771
Total Common Stock
(Cost $454,628,253)				514,732,400
Other Investment Companies 0.0% of net assets
Equity Fund 0.0%
SPDR S&P MidCap 400 ETF Trust		10		2,159

6 

 Schwab U.S. Mid-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund		193,972		193,972
Total Other Investment Companies
(Cost $195,976)				196,131
End of Investments
Collateral Invested for Securities on Loan 1.4% of net assets
State Street Institutional U.S. Government Money Market Fund		7,374,370		7,374,370
Total Collateral Invested for Securities on Loan
(Cost $7,374,370)				7,374,370
End of Collateral Invested for Securities on Loan

At 05/31/13, the tax basis cost of the fund’s investments was $455,250,585 and the unrealized appreciation and depreciation were $67,074,104 and ($7,396,158), respectively, with a net unrealized appreciation of $59,677,946.

*	Non-income producing security.
(a)	All or a portion of this security is on loan.

ETF —	Exchange Traded Fund
Reg’d —	Registered

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

7

 Schwab U.S. Mid-Cap ETF

Portfolio Holdings (Unaudited) continued

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Common Stock1		$514,732,400		$—		$—		$514,732,400
Other Investment Companies1		196,131		—		—		196,131
Total		$514,928,531		$—		$—		$514,928,531
Other Financial Instruments
Collateral Invested for Securities on Loan		$7,374,370		$—		$—		$7,374,370

¹ As categorized in Portfolio Holdings.

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended May 31, 2013.

REG65851MAY13

8 

Schwab Strategic Trust
Schwab U.S. Small-Cap ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	99	.9%	Common Stock		1,040,640,146		1,194,153,379
	0	.0%	Other Investment Companies		562,351		565,301
		—%	Rights		—		—
	99	.9%	Total Investments		1,041,202,497		1,194,718,680
	2	.7%	Collateral Invested for Securities on Loan		32,098,481		32,098,481
	(2	.6)%	Other Assets and Liabilities, Net				(31,106,103	)
	100	.0%	Net Assets				1,195,711,058

	Number		Value
Security	of Shares		($)
Common Stock 99.9% of net assets
Automobiles & Components 1.4%
American Axle & Manufacturing Holdings, Inc. *		43,309		770,467
Cooper Tire & Rubber Co.		40,369		1,043,135
Dana Holding Corp.		94,960		1,796,643
Dorman Products, Inc.		17,221		766,851
Drew Industries, Inc.		11,870		448,686
Exide Technologies *(a)		52,451		23,708
Federal-Mogul Corp. *		13,110		127,823
Fuel Systems Solutions, Inc. *		9,230		143,896
Gentex Corp.		91,377		2,089,792
Gentherm, Inc. *		18,981		349,630
Modine Manufacturing Co. *		32,410		332,202
Remy International, Inc.		8,875		159,661
Standard Motor Products, Inc.		12,458		421,080
Superior Industries International, Inc.		14,765		268,871
Tenneco, Inc. *		38,550		1,710,078
The Goodyear Tire & Rubber Co. *		157,305		2,381,598
Thor Industries, Inc.		27,856		1,189,730
Visteon Corp. *		30,681		1,947,323
Winnebago Industries, Inc. *		15,398		319,662
				16,290,836
Banks 7.8%
1st Source Corp.		3,648		88,318
Ameris Bancorp *		15,398		254,375
Arrow Financial Corp. (a)		7,959		196,030
Associated Banc-Corp.		104,478		1,610,006
Astoria Financial Corp.		52,239		515,077
BancFirst Corp.		4,311		184,769
Bancorp, Inc. *		21,921		315,005
BancorpSouth, Inc.		53,415		916,601
Bank Mutual Corp.		32,909		187,581
Bank of Hawaii Corp.		27,856		1,403,385
Bank of the Ozarks, Inc.		19,149		835,854
BankUnited, Inc.		29,675		729,412
Banner Corp.		11,894		381,560
BBCN Bancorp, Inc.		50,257		647,813
Beneficial Mutual Bancorp, Inc. *		22,517		192,520
Berkshire Hills Bancorp, Inc.		16,003		429,360
BNC Bancorp		12,458		134,671
BofI Holding, Inc. *		5,935		277,877
Boston Private Financial Holdings, Inc.		50,243		494,894
Bridge Capital Holdings *		5,935		90,153
Brookline Bancorp, Inc.		44,897		380,727
Bryn Mawr Bank Corp.		7,699		174,613
Camden National Corp.		5,316		199,882
Capital Bank Financial Corp., Class A *		6,861		122,812
CapitalSource, Inc.		124,791		1,174,283
Capitol Federal Financial, Inc.		84,266		1,000,237
Cardinal Financial Corp.		19,748		298,985
Cascade Bancorp *		4,311		24,788
Cathay General Bancorp		44,485		902,601
Centerstate Banks, Inc.		19,389		166,358
Central Pacific Financial Corp. *		19,908		365,113
Chemical Financial Corp.		17,518		457,045
Citizens & Northern Corp.		8,287		161,597
City Holding Co.		10,346		409,909
City National Corp.		29,087		1,825,500
Clifton Savings Bancorp, Inc.		5,527		65,550
CoBiz Financial, Inc.		22,250		192,463
Columbia Banking System, Inc.		33,760		737,318
Commerce Bancshares, Inc.		48,068		2,091,919
Community Bank System, Inc.		25,504		748,797
Community Trust Bancorp, Inc.		9,463		332,908
CVB Financial Corp.		56,943		653,136
Dime Community Bancshares, Inc.		19,908		286,874
Eagle Bancorp, Inc. *		13,703		308,452
East West Bancorp, Inc.		90,201		2,375,894
Enterprise Financial Services Corp.		6,523		99,606
EverBank Financial Corp.		16,769		263,273
F.N.B. Corp.		89,613		1,030,550
Federal Agricultural Mortgage Corp., Class C		6,690		201,168
Financial Institutions, Inc.		5,935		115,792
First Bancorp		10,939		155,881
First Bancorp Puerto Rico *		47,576		290,689
First Busey Corp.		53,103		232,591
First Citizens BancShares, Inc., Class A		3,528		695,969
First Commonwealth Financial Corp.		65,285		470,705
First Community Bancshares, Inc.		10,297		156,823
First Connecticut Bancorp, Inc.		7,699		109,634

1

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
First Financial Bancorp		36,786		566,872
First Financial Bankshares, Inc. (a)		17,805		979,275
First Financial Corp.		7,770		238,928
First Financial Holdings, Inc.		11,473		241,736
First Horizon National Corp.		152,546		1,751,228
First Interstate BancSystem, Inc.		12,685		251,036
First Merchants Corp.		19,682		325,934
First Midwest Bancorp, Inc.		48,656		640,313
First Niagara Financial Group, Inc.		225,585		2,203,965
FirstMerit Corp.		105,466		1,990,143
Flagstar Bancorp, Inc. *		13,931		195,173
Flushing Financial Corp.		19,908		311,162
FNB United Corp. *		7,111		60,586
Franklin Financial Corp.		7,699		139,660
Fulton Financial Corp.		127,042		1,459,713
German American Bancorp, Inc.		7,111		155,446
Glacier Bancorp, Inc.		42,721		830,496
Great Southern Bancorp, Inc.		6,570		176,799
Hancock Holding Co.		54,591		1,558,573
Hanmi Financial Corp. *		20,157		317,271
Heartland Financial USA, Inc.		9,506		258,943
Home BancShares, Inc.		14,810		623,501
HomeStreet, Inc.		5,292		120,975
HomeTrust Bancshares, Inc. *		14,326		232,798
Hudson Valley Holding Corp.		10,251		183,595
IBERIABANK Corp.		18,981		978,281
Independent Bank Corp.		14,461		476,490
Independent Bank Group, Inc. *		1,390		39,476
International Bancshares Corp.		32,027		697,548
Investors Bancorp, Inc.		29,675		586,972
Kearny Financial Corp. *		11,506		113,909
Lakeland Bancorp, Inc.		17,217		170,620
Lakeland Financial Corp.		10,762		296,816
MainSource Financial Group, Inc.		12,458		173,166
MB Financial, Inc.		35,022		893,411
Meridian Interstate Bancorp, Inc. *		6,853		123,423
Metro Bancorp, Inc. *		8,287		160,022
MGIC Investment Corp. *		214,386		1,324,905
National Bank Holdings Corp., Class A		5,106		92,623
National Bankshares, Inc.		3,528		117,800
National Penn Bancshares, Inc.		71,220		703,654
Nationstar Mortgage Holdings, Inc. *(a)		10,868		442,436
NBT Bancorp, Inc.		27,585		548,390
Northfield Bancorp, Inc.		15,500		177,630
Northwest Bancshares, Inc.		55,767		691,511
OceanFirst Financial Corp.		11,227		155,494
OFG Bancorp		28,954		514,802
Old National Bancorp		60,526		808,627
OmniAmerican Bancorp, Inc. *		5,292		117,853
Oritani Financial Corp.		26,828		411,273
PacWest Bancorp		20,507		591,217
Park National Corp. (a)		8,145		562,657
Park Sterling Corp. *		27,268		159,518
Peoples Bancorp, Inc.		3,528		70,701
Pinnacle Financial Partners, Inc. *		20,819		522,557
Popular, Inc. *		66,461		1,993,830
PrivateBancorp, Inc.		37,927		734,267
Prosperity Bancshares, Inc.		28,444		1,424,760
Provident Financial Services, Inc.		34,649		527,358
Provident New York Bancorp		28,120		258,704
Radian Group, Inc. (a)		108,006		1,390,037
Renasant Corp.		16,005		381,399
Republic Bancorp, Inc., Class A		7,174		170,813
Rockville Financial, Inc.		19,908		259,600
Roma Financial Corp.		5,452		92,957
S&T Bancorp, Inc.		19,908		385,021
S.Y. Bancorp, Inc.		8,631		208,007
Sandy Spring Bancorp, Inc.		16,953		363,133
SCBT Financial Corp.		10,642		532,632
Security National Financial Corp., Class A *(a)		5,935		42,376
Signature Bank *		29,675		2,290,316
Simmons First National Corp., Class A		11,419		293,811
Southside Bancshares, Inc.		10,969		248,338
Southwest Bancorp, Inc. *		11,227		149,993
State Bank Financial Corp.		21,732		336,194
StellarOne Corp.		16,209		253,671
Sterling Bancorp		21,670		258,957
Sterling Financial Corp.		18,518		418,877
Sun Bancorp, Inc. *		26,092		80,363
Susquehanna Bancshares, Inc.		119,876		1,439,711
SVB Financial Group *		27,856		2,155,776
Synovus Financial Corp.		503,997		1,380,952
Taylor Capital Group, Inc. *		9,838		163,409
TCF Financial Corp.		104,478		1,504,483
Territorial Bancorp, Inc.		7,137		165,150
Texas Capital Bancshares, Inc. *		26,092		1,152,223
TFS Financial Corp. *		51,008		560,068
The First of Long Island Corp.		3,528		110,885
Tompkins Financial Corp.		7,959		330,617
TowneBank (a)		20,909		304,017
TriCo Bancshares		8,622		172,095
TrustCo Bank Corp.		59,827		334,433
Trustmark Corp.		43,309		1,103,946
UMB Financial Corp.		20,745		1,101,352
Umpqua Holdings Corp.		71,808		970,844
Union First Market Bankshares Corp.		13,718		274,634
United Bankshares, Inc. (a)		27,268		709,241
United Community Banks, Inc. *		29,087		344,681
United Financial Bancorp, Inc.		12,574		192,005
Univest Corp. of Pennsylvania		11,608		207,899
Valley National Bancorp		122,283		1,139,678
ViewPoint Financial Group, Inc.		20,157		381,572
Walker & Dunlop, Inc. *		7,699		146,050
Washington Federal, Inc.		67,637		1,182,971
Washington Trust Bancorp, Inc.		8,835		246,320
Waterstone Financial, Inc. *		4,116		32,681
Webster Financial Corp.		57,141		1,334,242
WesBanco, Inc.		17,471		437,649
Westamerica Bancorp		16,574		746,327
Western Alliance Bancorp *		46,892		689,312
Wilshire Bancorp, Inc. *		40,979		270,461
Wintrust Financial Corp.		23,740		895,948
WSFS Financial Corp.		5,057		254,064
				93,234,716
Capital Goods 10.8%
A.O. Smith Corp.		47,480		1,861,216
AAON, Inc.		12,502		415,566

2 

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
AAR Corp.		25,330		508,120
Aceto Corp.		18,431		234,627
Actuant Corp., Class A		46,304		1,574,336
Acuity Brands, Inc.		27,268		2,047,009
Aecom Technology Corp. *		67,049		2,064,439
Aegion Corp. *		24,916		568,832
Aerovironment, Inc. *		13,124		263,399
Air Lease Corp.		42,721		1,196,188
Aircastle Ltd.		36,198		572,652
Alamo Group, Inc.		4,116		174,930
Albany International Corp., Class A		18,426		584,841
Alliant Techsystems, Inc.		20,745		1,628,897
Altra Holdings, Inc.		17,130		493,515
Ameresco, Inc., Class A *		12,790		105,645
American Railcar Industries, Inc.		6,532		222,088
American Science & Engineering, Inc.		4,116		247,125
American Woodmark Corp. *		6,183		224,567
Apogee Enterprises, Inc.		17,217		459,350
Applied Industrial Technologies, Inc.		26,680		1,282,508
Argan, Inc.		2,940		47,775
Armstrong World Industries, Inc. *		13,634		708,559
Astec Industries, Inc.		13,353		471,628
Astronics Corp. *		7,835		281,198
AZZ, Inc.		15,986		663,099
Barnes Group, Inc.		30,263		914,548
Beacon Roofing Supply, Inc. *		30,851		1,271,678
Belden, Inc.		28,444		1,520,332
Blount International, Inc. *		31,212		418,865
Brady Corp., Class A		29,675		965,624
Briggs & Stratton Corp.		30,851		721,913
Builders FirstSource, Inc. *		39,138		263,790
CAI International, Inc. *		9,887		252,909
Capstone Turbine Corp. *(a)		192,327		223,099
Chart Industries, Inc. *		18,981		1,846,472
CIRCOR International, Inc.		11,132		568,845
CLARCOR, Inc.		30,851		1,673,358
Columbus McKinnon Corp. *		13,391		283,220
Comfort Systems USA, Inc.		23,768		328,474
Commercial Vehicle Group, Inc. *		18,096		142,235
Crane Co.		30,851		1,843,347
Cubic Corp.		13,450		640,220
Curtiss-Wright Corp.		29,675		1,078,983
DigitalGlobe, Inc. *		43,897		1,327,006
Douglas Dynamics, Inc.		14,934		208,777
DXP Enterprises, Inc. *		6,547		386,731
Dycom Industries, Inc. *		20,745		471,949
Edgen Group, Inc. *		26,828		176,797
EMCOR Group, Inc.		42,721		1,698,160
Encore Wire Corp.		11,870		410,821
EnerSys, Inc. *		30,263		1,508,005
Engility Holdings, Inc. *		10,639		272,039
EnPro Industries, Inc. *		13,046		657,127
ESCO Technologies, Inc.		16,574		532,357
Esterline Technologies Corp. *		19,569		1,436,169
Exelis, Inc.		120,519		1,464,306
Federal Signal Corp. *		39,726		348,397
Foster Wheeler AG *		64,697		1,489,325
Franklin Electric Co., Inc.		23,740		802,649
FreightCar America, Inc.		8,631		156,566
Gardner Denver, Inc.		30,851		2,329,250
GATX Corp.		29,702		1,483,021
GenCorp, Inc. *		38,614		528,240
Generac Holdings, Inc.		32,967		1,335,163
General Cable Corp. *		31,439		1,111,683
Gibraltar Industries, Inc. *		19,908		323,107
Global Power Equipment Group, Inc.		11,894		189,115
Graco, Inc.		38,550		2,484,547
GrafTech International Ltd. *		80,738		677,392
Graham Corp.		6,877		192,556
Granite Construction, Inc.		22,509		694,628
Great Lakes Dredge & Dock Corp.		35,450		294,235
Greenbrier Cos., Inc. *		15,513		363,780
Griffon Corp.		31,139		359,344
H&E Equipment Services, Inc.		19,245		430,703
Harsco Corp.		51,651		1,207,600
HEICO Corp.		27,268		1,379,215
Hexcel Corp. *		64,109		2,229,070
Huntington Ingalls Industries, Inc.		31,439		1,736,062
Hyster-Yale Materials Handling, Inc.		4,330		267,594
II-VI, Inc. *		34,529		573,181
Insteel Industries, Inc.		6,523		116,827
ITT Corp.		59,350		1,789,402
John Bean Technologies Corp.		18,366		396,706
Kadant, Inc.		7,111		212,761
Kaman Corp.		16,953		574,876
Kaydon Corp.		20,157		545,045
Kennametal, Inc.		50,420		2,185,203
Kratos Defense & Security Solutions, Inc. *		32,027		186,077
L.B. Foster Co.		5,935		262,980
Layne Christensen Co. *		13,718		294,800
Lennox International, Inc.		28,444		1,820,132
Lindsay Corp.		8,186		665,112
LMI Aerospace, Inc. *		5,935		112,646
Lydall, Inc. *		10,639		153,840
MasTec, Inc. *		35,022		1,113,700
Meritor, Inc. *		61,942		448,460
Michael Baker Corp.		5,680		149,384
Moog, Inc., Class A *		27,856		1,394,750
MRC Global, Inc. *		66,583		1,890,291
Mueller Industries, Inc.		16,574		902,454
Mueller Water Products, Inc., Class A		100,895		767,811
MYR Group, Inc. *		14,395		291,355
National Presto Industries, Inc. (a)		3,170		243,868
Navistar International Corp. *		51,008		1,829,657
NCI Building Systems, Inc. *		11,870		171,522
Nortek, Inc. *		9,463		668,561
Orbital Sciences Corp. *		37,962		690,149
PGT, Inc. *		13,046		107,630
Pike Electric Corp.		14,037		170,550
Polypore International, Inc. *(a)		29,675		1,116,373
Powell Industries, Inc. *		6,255		295,736
Preformed Line Products Co.		1,824		126,804
Primoris Services Corp.		19,281		410,878
Proto Labs, Inc. *(a)		6,135		338,897
Quanex Building Products Corp.		23,519		435,337
Raven Industries, Inc.		23,152		701,274
RBC Bearings, Inc. *		14,638		716,676
Regal-Beloit Corp.		28,444		1,920,254

3

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Rexnord Corp. *		16,725		333,497
Rush Enterprises, Inc., Class A *		21,764		559,335
Simpson Manufacturing Co., Inc.		25,504		746,502
Solarcity Corp. *(a)		7,855		355,439
Spirit AeroSystems Holdings, Inc., Class A *		70,632		1,526,358
Standex International Corp.		8,622		449,810
Sun Hydraulics Corp.		16,609		538,962
TAL International Group, Inc. *		20,516		867,006
Taser International, Inc. *		35,151		333,583
Teledyne Technologies, Inc. *		23,740		1,833,203
Tennant Co.		11,870		585,666
Textainer Group Holdings Ltd. (a)		10,640		398,894
The Babcock & Wilcox Co.		74,803		2,220,153
The ExOne Co. *(a)		3,240		160,769
The Gorman-Rupp Co.		10,446		305,650
The Keyw Holding Corp. *		17,357		256,016
The Manitowoc Co., Inc.		81,914		1,721,013
The Middleby Corp. *		11,870		1,940,626
The Toro Co.		37,374		1,781,245
Thermon Group Holdings, Inc. *		11,501		227,375
Titan International, Inc.		33,221		775,046
Titan Machinery, Inc. *		12,012		246,366
Trex Co., Inc. *		9,767		542,752
TriMas Corp. *		20,558		662,996
Trinity Industries, Inc.		50,420		2,063,691
Triumph Group, Inc.		32,027		2,486,897
Tutor Perini Corp. *		22,983		425,645
Twin Disc, Inc.		6,265		156,186
Universal Forest Products, Inc.		12,609		498,182
URS Corp.		49,244		2,385,379
USG Corp. *		55,179		1,508,042
Wabash National Corp. *		43,309		454,745
Watsco, Inc.		18,981		1,656,092
Watts Water Technologies, Inc., Class A		17,805		847,518
WESCO International, Inc. *		27,856		2,068,587
Woodward, Inc.		38,550		1,509,232
				129,043,924
Commercial & Professional Services 3.2%
ABM Industries, Inc.		32,615		788,631
Acacia Research Corp.		32,027		800,675
Acco Brands Corp. *		71,808		513,427
Barrett Business Services, Inc.		4,116		240,086
CBIZ, Inc. *		34,628		230,623
CDI Corp.		9,466		129,211
Clean Harbors, Inc. *		33,791		1,932,845
Consolidated Graphics, Inc. *		5,527		257,890
Covanta Holding Corp.		84,266		1,723,240
Deluxe Corp.		32,615		1,219,801
EnerNOC, Inc. *		16,813		224,958
Ennis, Inc.		14,222		243,338
Exponent, Inc.		8,287		464,072
Franklin Covey Co. *		10,051		138,603
FTI Consulting, Inc. *		26,092		991,235
G&K Services, Inc., Class A		10,639		513,970
GP Strategies Corp. *		11,870		296,869
Healthcare Services Group, Inc.		43,897		996,023
Heidrick & Struggles International, Inc.		10,806		155,714
Heritage-Crystal Clean, Inc. *		4,116		61,946
Herman Miller, Inc.		37,374		1,050,583
HNI Corp.		28,444		1,045,886
Huron Consulting Group, Inc. *		14,810		662,155
ICF International, Inc. *		12,458		375,609
Innerworkings, Inc. *		20,555		222,816
Insperity, Inc.		11,870		357,999
Interface, Inc.		36,786		618,005
KAR Auction Services, Inc.		60,066		1,408,548
Kelly Services, Inc., Class A		18,029		319,294
Kforce, Inc.		17,217		256,361
Kimball International, Inc., Class B		21,139		206,951
Knoll, Inc.		30,263		473,919
Korn/Ferry International *		31,439		550,183
McGrath Rentcorp		15,542		513,352
Mine Safety Appliances Co.		18,981		947,532
Mistras Group, Inc. *		10,446		223,335
Mobile Mini, Inc. *		24,328		818,637
Multi-Color Corp.		7,766		228,243
Navigant Consulting, Inc. *		32,615		429,866
NL Industries, Inc.		5,385		62,897
On Assignment, Inc. *		27,856		725,370
Pendrell Corp. *		106,322		262,615
Performant Financial Corp. *		15,513		171,108
Pitney Bowes, Inc. (a)		128,806		1,890,872
Quad/Graphics, Inc. (a)		15,986		372,474
R.R. Donnelley & Sons Co. (a)		115,172		1,528,332
Resources Connection, Inc.		27,876		305,521
RPX Corp. *		15,398		236,205
Schawk, Inc.		8,360		99,066
Standard Parking Corp. *		10,899		243,157
Steelcase, Inc., Class A		50,420		697,813
Swisher Hygiene, Inc. *(a)		67,049		69,731
Team, Inc. *		12,601		454,518
Tetra Tech, Inc. *		40,957		1,129,185
The Advisory Board Co. *		22,509		1,188,700
The Brink’s Co.		30,851		827,732
The Corporate Executive Board Co.		21,333		1,305,366
TMS International Corp., Class A		8,967		136,029
TrueBlue, Inc. *		26,092		614,206
UniFirst Corp.		9,463		898,039
United Stationers, Inc.		24,328		839,559
US Ecology, Inc.		11,052		302,604
Viad Corp.		13,046		321,714
WageWorks, Inc. *		12,251		354,911
West Corp.		10,570		242,053
				37,912,208
Consumer Durables & Apparel 2.7%
American Greetings Corp., Class A		20,157		370,889
Arctic Cat, Inc.		8,357		391,860
Beazer Homes USA, Inc. *(a)		16,739		346,497
Black Diamond, Inc. *		13,046		117,023
Blyth, Inc. (a)		7,745		108,507
Brunswick Corp.		57,586		1,933,162
Callaway Golf Co.		49,316		337,815
Cavco Industries, Inc. *		4,395		210,564
Columbia Sportswear Co. (a)		7,699		463,634
Crocs, Inc. *		56,355		994,102
Deckers Outdoor Corp. *		21,921		1,176,719

4 

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Ethan Allen Interiors, Inc.		16,574		519,926
Fifth & Pacific Cos., Inc. *		76,454		1,642,997
G-III Apparel Group Ltd. *		8,875		373,726
Harman International Industries, Inc.		43,309		2,299,708
Helen of Troy Ltd. *		20,157		799,628
Hovnanian Enterprises, Inc., Class A *(a)		69,466		426,521
Iconix Brand Group, Inc. *		36,956		1,112,006
iRobot Corp. *		17,421		588,656
JAKKS Pacific, Inc.		15,542		156,974
KB Home		52,239		1,157,616
La-Z-Boy, Inc.		33,791		624,120
Leapfrog Enterprises, Inc. *(a)		32,704		312,977
Libbey, Inc. *		13,634		288,495
M.D.C Holdings, Inc.		24,916		924,633
M/I Homes, Inc. *		14,868		369,470
Maidenform Brands, Inc. *		16,375		297,861
Marine Products Corp.		7,327		54,000
Meritage Homes Corp. *		18,393		871,093
Movado Group, Inc.		11,227		405,295
NACCO Industries, Inc., Class A		4,122		230,914
Oxford Industries, Inc.		8,287		544,373
Perry Ellis International, Inc.		9,179		193,769
Quiksilver, Inc. *		79,507		625,720
Skechers U.S.A., Inc., Class A *		24,328		547,380
Smith & Wesson Holding Corp. *(a)		42,133		383,832
Standard Pacific Corp. *		88,770		785,615
Steinway Musical Instruments, Inc. *		4,704		131,195
Steven Madden Ltd. *		26,092		1,265,462
Sturm Ruger & Co., Inc. (a)		11,227		564,494
Taylor Morrison Home Corp., Class A *		14,810		382,542
Tempur-Pedic International, Inc. *		37,374		1,580,173
The Jones Group, Inc.		49,832		726,052
The Ryland Group, Inc.		29,087		1,317,059
TRI Pointe Homes, Inc. *		9,165		154,339
True Religion Apparel, Inc.		15,398		490,272
Tumi Holdings, Inc. *		29,774		722,020
Unifi, Inc. *		9,463		177,715
Universal Electronics, Inc. *		10,109		269,910
Vera Bradley, Inc. *(a)		14,934		350,949
Wolverine World Wide, Inc.		32,027		1,676,613
				32,796,872
Consumer Services 4.2%
AFC Enterprises, Inc. *		14,222		518,534
American Public Education, Inc. *		11,358		432,058
Ameristar Casinos, Inc.		21,333		558,925
Apollo Group, Inc., Class A *		64,109		1,281,539
Ascent Capital Group, Inc., Class A *		8,287		600,890
Bally Technologies, Inc. *		24,486		1,394,478
Biglari Holdings, Inc. *		740		297,887
BJ’s Restaurants, Inc. *		14,222		533,894
Bloomin’ Brands, Inc. *		25,202		586,199
Bob Evans Farms, Inc.		17,805		821,879
Boyd Gaming Corp. *(a)		35,879		467,503
Bravo Brio Restaurant Group, Inc. *		12,757		229,626
Bridgepoint Education, Inc. *(a)		13,130		168,195
Bright Horizons Family Solutions, Inc. *		6,225		224,411
Brinker International, Inc.		45,073		1,767,312
Buffalo Wild Wings, Inc. *		11,870		1,139,045
Caesars Entertainment Corp. *(a)		17,437		252,662
Capella Education Co. *		7,024		305,965
Carriage Services, Inc.		10,051		190,265
CEC Entertainment, Inc.		10,667		427,213
Choice Hotels International, Inc.		17,217		679,727
Churchill Downs, Inc.		7,984		670,177
Chuy’s Holdings, Inc. *		7,428		258,866
Coinstar, Inc. *(a)		17,805		1,036,963
Cracker Barrel Old Country Store, Inc.		14,810		1,324,903
Del Frisco’s Restaurant Group, Inc. *		3,648		67,816
Denny’s Corp. *		61,114		368,517
DeVry, Inc.		36,198		1,130,464
DineEquity, Inc.		10,051		727,592
Domino’s Pizza, Inc.		36,198		2,145,456
Education Management Corp. *(a)		12,502		80,763
Fiesta Restaurant Group, Inc. *		12,190		433,598
Grand Canyon Education, Inc. *		26,680		856,962
Hillenbrand, Inc.		40,369		963,204
Ignite Restaurant Group, Inc. *		3,821		69,924
International Speedway Corp., Class A		16,282		564,334
Interval Leisure Group, Inc.		24,916		538,435
Isle of Capri Casinos, Inc. *		14,326		110,597
ITT Educational Services, Inc. *(a)		10,446		250,391
Jack in the Box, Inc. *		27,856		1,016,466
K12, Inc. *		23,486		698,004
Krispy Kreme Doughnuts, Inc. *		42,133		729,744
Life Time Fitness, Inc. *		25,504		1,271,119
LifeLock, Inc. *(a)		10,426		107,596
Marriott Vacations Worldwide Corp. *		18,393		813,890
Matthews International Corp., Class A		17,805		682,822
Multimedia Games Holding Co., Inc. *		17,805		455,630
Orient-Express Hotels Ltd., Class A *		56,943		674,205
Papa John’s International, Inc. *		10,639		685,471
Pinnacle Entertainment, Inc. *		37,374		735,520
Red Robin Gourmet Burgers, Inc. *		8,287		435,150
Regis Corp.		36,198		666,405
Ruby Tuesday, Inc. *		37,698		348,707
Ruth’s Hospitality Group, Inc.		21,441		240,139
Scientific Games Corp., Class A *		35,630		388,011
SeaWorld Entertainment, Inc. *		16,370		579,334
Service Corp. International		135,329		2,433,215
SHFL Entertainment, Inc. *		35,887		619,051
Six Flags Entertainment Corp.		30,497		2,274,161
Sonic Corp. *		33,203		435,955
Sotheby’s		43,309		1,613,260
Speedway Motorsports, Inc.		9,026		164,002
Steiner Leisure Ltd. *		8,412		427,246
Stewart Enterprises, Inc., Class A		42,133		547,729

5

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Strayer Education, Inc. (a)		7,150		382,454
Texas Roadhouse, Inc.		36,786		869,989
The Cheesecake Factory, Inc.		31,439		1,255,045
The Marcus Corp.		13,722		176,328
The Wendy’s Co.		180,457		1,073,719
Town Sports International Holdings, Inc.		14,222		156,726
Universal Technical Institute, Inc.		15,628		184,098
Vail Resorts, Inc.		23,152		1,482,886
Weight Watchers International, Inc.		17,217		789,400
WMS Industries, Inc. *		35,022		887,808
				50,778,454
Diversified Financials 2.6%
Arlington Asset Investment Corp., Class A		8,741		238,280
Artisan Partners Asset Management, Inc. *		7,111		332,297
BGC Partners, Inc., Class A		68,225		375,920
Cash America International, Inc.		18,393		877,530
CBOE Holdings, Inc.		55,767		2,238,487
Cohen & Steers, Inc. (a)		11,384		429,632
Cowen Group, Inc., Class A *		48,656		150,347
Credit Acceptance Corp. *		6,805		774,817
DFC Global Corp. *		27,268		406,293
Diamond Hill Investment Group, Inc.		1,176		96,185
E*TRADE Financial Corp. *		179,539		2,088,038
Encore Capital Group, Inc. *(a)		13,634		486,325
Evercore Partners, Inc., Class A		18,112		719,409
EZCORP, Inc., Class A *		31,139		595,689
Federated Investors, Inc., Class B (a)		58,174		1,609,675
Financial Engines, Inc.		26,750		1,153,460
First Cash Financial Services, Inc. *		17,217		926,447
FXCM, Inc., Class A		15,986		221,726
GAMCO Investors, Inc., Class A		3,055		162,984
GFI Group, Inc.		47,154		191,917
Green Dot Corp., Class A *		14,461		259,864
Greenhill & Co., Inc.		15,398		766,974
HFF, Inc., Class A		20,690		389,179
ICG Group, Inc. *		23,225		258,030
Interactive Brokers Group, Inc., Class A		25,968		409,515
INTL FCStone, Inc. *		9,838		174,624
Investment Technology Group, Inc. *		24,128		333,208
Janus Capital Group, Inc.		122,283		1,072,422
Knight Capital Group, Inc., Class A *		164,135		595,810
Ladenburg Thalmann Financial Services, Inc. *		54,745		86,497
MarketAxess Holdings, Inc.		23,740		1,029,366
Marlin Business Services Corp.		5,935		138,760
Medallion Financial Corp.		11,870		176,388
Nelnet, Inc., Class A		15,986		624,413
Netspend Holdings, Inc. *		20,987		336,002
NewStar Financial, Inc. *		13,110		167,808
Oppenheimer Holdings, Inc., Class A		7,364		146,249
PHH Corp. *		36,198		729,752
PICO Holdings, Inc. *		14,421		325,770
Piper Jaffray Cos., Inc. *		10,322		368,599
Portfolio Recovery Associates, Inc. *		10,639		1,620,000
Pzena Investment Management, Inc., Class A		13,047		88,459
Safeguard Scientifics, Inc. *		13,046		205,866
Stifel Financial Corp. *		36,198		1,302,766
Virtus Investment Partners, Inc. *		3,660		848,608
Waddell & Reed Financial, Inc., Class A		54,591		2,513,370
Walter Investment Management Corp. *		20,745		755,325
Westwood Holdings Group, Inc.		4,919		210,238
WisdomTree Investments, Inc. *		38,247		475,793
World Acceptance Corp. *		7,699		711,080
				31,196,193
Energy 5.8%
Alon USA Energy, Inc.		8,530		156,184
Alpha Natural Resources, Inc. *		140,676		939,716
Amyris, Inc. *(a)		28,444		85,048
Apco Oil & Gas International, Inc. *		12,502		153,525
Approach Resources, Inc. *		21,333		537,378
Arch Coal, Inc. (a)		135,329		698,298
Atwood Oceanics, Inc. *		35,610		1,869,881
Basic Energy Services, Inc. *		17,217		229,847
Berry Petroleum Co., Class A		28,444		1,231,910
Bill Barrett Corp. *(a)		28,444		641,981
Bonanza Creek Energy, Inc. *		15,542		577,385
BPZ Resources, Inc. *(a)		76,319		147,296
Bristow Group, Inc.		23,152		1,455,103
C&J Energy Services, Inc. *		26,680		496,248
CARBO Ceramics, Inc. (a)		12,458		820,982
Carrizo Oil & Gas, Inc. *		23,152		594,080
Clayton Williams Energy, Inc. *		3,648		159,162
Clean Energy Fuels Corp. *(a)		42,133		559,105
Cloud Peak Energy, Inc. *		39,138		751,450
Comstock Resources, Inc.		28,656		462,221
Contango Oil & Gas Co.		8,622		301,598
Crosstex Energy, Inc.		26,285		500,729
Delek US Holdings, Inc.		21,639		779,653
Diamondback Energy, Inc. *		19,368		654,057
Dril-Quip, Inc. *		23,152		2,094,098
Endeavour International Corp. *(a)		29,923		97,549
Energen Corp.		45,073		2,442,506
EPL Oil & Gas, Inc. *		21,921		667,494
Era Group, Inc. *		13,718		353,376
Evolution Petroleum Corp. *		12,458		132,179
EXCO Resources, Inc.		93,196		757,683
Exterran Holdings, Inc. *		39,726		1,148,876
Forest Oil Corp. *		75,979		345,704
Forum Energy Technologies, Inc. *(a)		12,001		356,310
Geospace Technologies Corp. *		7,699		668,735
Goodrich Petroleum Corp. *		19,139		240,386
Green Plains Renewable Energy, Inc. *		14,934		237,003
Gulf Island Fabrication, Inc.		9,842		203,040
Gulfmark Offshore, Inc., Class A		15,398		706,152

6 

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Gulfport Energy Corp. *		43,309		2,065,406
Halcon Resources Corp. *(a)		68,868		363,623
Harvest Natural Resources, Inc. *		26,220		76,038
Helix Energy Solutions Group, Inc. *		61,114		1,458,180
Hercules Offshore, Inc. *		101,483		701,248
Hornbeck Offshore Services, Inc. *		20,157		1,048,567
ION Geophysical Corp. *		76,567		489,263
Isramco, Inc. *		683		66,763
Key Energy Services, Inc. *		97,955		634,748
KiOR, Inc., Class A *(a)		5,598		25,919
Kodiak Oil & Gas Corp. *		168,587		1,480,194
Laredo Petroleum Holdings, Inc. *		16,205		313,729
Lufkin Industries, Inc.		21,333		1,882,851
Magnum Hunter Resources Corp. *(a)		110,749		379,869
Matador Resources Co. *		28,099		280,428
Matrix Service Co. *		18,121		298,815
McDermott International, Inc. *		150,782		1,439,968
McMoRan Exploration Co. *		60,526		1,006,547
Midstates Petroleum Co., Inc. *		21,124		144,277
Natural Gas Services Group, Inc. *		8,287		186,292
Newpark Resources, Inc. *		55,179		615,246
Northern Oil and Gas, Inc. *		37,374		492,216
Panhandle Oil and Gas, Inc., Class A		4,704		137,357
Parker Drilling Co. *		74,803		333,621
Patterson-UTI Energy, Inc.		91,377		1,919,831
PBF Energy, Inc. (a)		13,910		405,755
PDC Energy, Inc. *		18,393		941,538
Penn Virginia Corp. *		38,200		178,012
PetroQuest Energy, Inc. *		39,385		180,383
PHI, Inc. *		8,622		301,942
Pioneer Energy Services Corp. *		43,412		303,016
Quicksilver Resources, Inc. *		85,197		189,137
Rentech, Inc.		142,440		313,368
Resolute Energy Corp. *		38,980		328,212
Rex Energy Corp. *		27,897		463,369
RigNet, Inc. *		5,292		131,982
Rosetta Resources, Inc. *		37,931		1,777,447
RPC, Inc. (a)		42,133		530,454
Sanchez Energy Corp. *(a)		7,775		170,039
SandRidge Energy, Inc. *(a)		224,409		1,160,195
SEACOR Holdings, Inc.		11,870		911,497
SemGroup Corp., Class A		26,680		1,395,898
Solazyme, Inc. *(a)		24,445		301,162
Stone Energy Corp. *		31,439		707,692
Swift Energy Co. *		27,289		370,039
Synergy Resources Corp. *		26,680		180,624
Targa Resources Corp.		18,393		1,184,877
Teekay Corp.		22,509		869,748
Tesco Corp. *		21,732		277,300
TETRA Technologies, Inc. *		49,875		519,199
Tidewater, Inc.		31,439		1,731,975
Ultra Petroleum Corp. *(a)		97,955		2,231,415
Unit Corp. *		27,856		1,258,256
VAALCO Energy, Inc. *		40,048		245,094
W&T Offshore, Inc.		24,396		359,597
Western Refining, Inc.		34,241		1,142,622
Willbros Group, Inc. *		34,769		233,995
World Fuel Services Corp.		46,304		1,885,962
WPX Energy, Inc. *		128,218		2,469,479
				68,746,204
Food & Staples Retailing 1.0%
Arden Group, Inc., Class A		777		82,797
Casey’s General Stores, Inc.		24,328		1,478,169
Fairway Group Holdings Corp. *		8,535		186,234
Harris Teeter Supermarkets, Inc.		31,439		1,477,633
Ingles Markets, Inc., Class A		8,875		195,428
Nash Finch Co.		8,654		188,051
Natural Grocers by Vitamin Cottage, Inc. *		4,987		141,381
PriceSmart, Inc.		11,870		1,002,184
Rite Aid Corp. *		455,929		1,340,431
Roundy’s, Inc. (a)		19,140		145,273
Spartan Stores, Inc.		14,222		252,725
SUPERVALU, Inc. *(a)		127,405		823,036
Susser Holdings Corp. *		10,639		503,650
The Andersons, Inc.		11,227		571,903
The Chefs’ Warehouse, Inc. *		7,404		139,788
The Fresh Market, Inc. *		26,092		1,292,598
The Pantry, Inc. *		16,154		202,087
United Natural Foods, Inc. *		31,439		1,663,752
Village Super Market, Inc., Class A		3,528		131,947
Weis Markets, Inc.		7,111		290,911
				12,109,978
Food, Beverage & Tobacco 1.9%
Alico, Inc.		1,767		81,547
Alliance One International, Inc. *		52,239		190,150
Annie’s, Inc. *		9,096		353,925
B&G Foods, Inc.		33,791		972,505
Boulder Brands, Inc. *		38,550		404,389
Cal-Maine Foods, Inc.		8,875		397,067
Calavo Growers, Inc.		8,622		256,160
Chiquita Brands International, Inc. *		32,624		329,502
Coca-Cola Bottling Co. Consolidated		3,139		187,681
Darling International, Inc. *		75,391		1,478,418
Dean Foods Co. *		119,288		1,251,331
Diamond Foods, Inc. *(a)		15,219		236,047
Dole Food Co., Inc. *		23,740		224,818
Fresh Del Monte Produce, Inc.		24,328		651,261
J&J Snack Foods Corp.		9,463		718,242
Lancaster Colony Corp.		12,458		1,027,411
Limoneira Co.		5,527		107,390
National Beverage Corp.		7,202		118,329
Pilgrim’s Pride Corp. *		37,962		454,026
Pinnacle Foods, Inc. *		15,870		389,767
Post Holdings, Inc. *		20,745		875,232
Sanderson Farms, Inc.		11,870		818,080
Seaboard Corp.		171		471,153
Seneca Foods Corp., Class A *		5,527		176,588
Smithfield Foods, Inc. *		80,095		2,638,329
Snyders-Lance, Inc.		30,851		799,658
The Boston Beer Co., Inc., Class A *		5,292		808,829
The Hain Celestial Group, Inc. *		29,675		1,976,948
Tootsie Roll Industries, Inc. (a)		13,634		428,380

7

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
TreeHouse Foods, Inc. *		23,152		1,515,993
Universal Corp.		14,810		868,310
Vector Group Ltd. (a)		36,786		590,415
WhiteWave Foods Co., Class A *(a)		44,695		779,483
WhiteWave Foods Co., Class B *		43,396		717,770
				23,295,134
Health Care Equipment & Services 5.7%
Abaxis, Inc.		13,046		574,154
ABIOMED, Inc. *		19,569		422,103
Acadia Healthcare Co., Inc. *		21,333		712,309
Accretive Health, Inc. *		34,045		387,432
Accuray, Inc. *(a)		42,425		227,822
Air Methods Corp.		22,509		842,737
Alere, Inc. *		48,656		1,244,621
Align Technology, Inc. *		46,304		1,655,368
Allscripts Healthcare Solutions, Inc. *		110,413		1,529,220
Amedisys, Inc. *		20,814		256,428
AMN Healthcare Services, Inc. *		30,597		409,694
AmSurg Corp. *		20,745		737,070
Analogic Corp.		7,699		611,994
AngioDynamics, Inc. *		24,333		264,743
Antares Pharma, Inc. *(a)		72,984		296,315
ArthroCare Corp. *		17,805		604,124
athenahealth, Inc. *		23,152		1,957,502
Atrion Corp.		916		201,960
Bio-Reference Labs, Inc. *(a)		15,398		475,028
BioScrip, Inc. *		36,198		506,048
Brookdale Senior Living, Inc. *		62,878		1,782,591
Cantel Medical Corp.		14,326		487,657
Capital Senior Living Corp. *		17,217		451,946
Cardiovascular Systems, Inc. *		12,458		256,012
Centene Corp. *		33,203		1,643,549
Chemed Corp.		11,870		831,137
Computer Programs & Systems, Inc.		7,160		358,573
Conceptus, Inc. *		20,186		625,362
CONMED Corp.		15,986		526,419
CorVel Corp. *		3,783		196,451
Cyberonics, Inc. *		14,222		678,532
Cynosure, Inc., Class A *		6,523		162,488
Dexcom, Inc. *		44,485		926,623
Emeritus Corp. *		23,317		592,718
Endologix, Inc. *		33,203		446,248
Exactech, Inc. *		5,292		96,314
ExamWorks Group, Inc. *		17,421		325,076
Five Star Quality Care, Inc. *		29,172		149,652
GenMark Diagnostics, Inc. *		16,574		246,953
Gentiva Health Services, Inc. *		14,810		157,875
Globus Medical, Inc., Class A *(a)		5,527		80,694
Greatbatch, Inc. *		13,634		439,151
Greenway Medical Technologies *(a)		10,161		121,932
Haemonetics Corp. *		31,439		1,297,802
Hanger, Inc. *		21,921		699,499
Health Management Associates, Inc., Class A *		165,004		2,275,405
Health Net, Inc. *		51,008		1,625,625
HEALTHSOUTH Corp. *		56,006		1,640,416
HealthStream, Inc. *		13,718		367,368
Healthways, Inc. *		23,788		319,949
Hill-Rom Holdings, Inc.		38,550		1,392,812
HMS Holdings Corp. *		55,767		1,388,598
ICU Medical, Inc. *		7,111		507,654
Insulet Corp. *		33,791		1,008,999
Integra LifeSciences Holdings Corp. *		13,046		494,313
Invacare Corp.		19,908		308,574
IPC The Hospitalist Co. *		10,584		516,076
Kindred Healthcare, Inc. *		33,918		457,893
Landauer, Inc.		6,565		349,127
LHC Group, Inc. *		9,711		213,545
LifePoint Hospitals, Inc. *		28,444		1,414,520
Magellan Health Services, Inc. *		17,217		938,327
MAKO Surgical Corp. *(a)		28,620		353,743
Masimo Corp.		33,791		731,575
MedAssets, Inc. *		32,929		540,036
Medidata Solutions, Inc. *		14,222		981,602
Merge Healthcare, Inc. *		41,626		137,366
Meridian Bioscience, Inc.		26,680		576,555
Merit Medical Systems, Inc. *		27,491		271,336
Molina Healthcare, Inc. *		18,393		695,255
MWI Veterinary Supply, Inc. *		7,699		935,506
National Healthcare Corp.		5,426		257,681
National Research Corp., Class A *		1,755		28,694
National Research Corp., Class B		2,205		75,218
Natus Medical, Inc. *		20,516		289,070
Navidea Biopharmaceuticals, Inc. *(a)		74,398		180,043
Neogen Corp. *		14,222		774,672
NuVasive, Inc. *		27,856		605,032
NxStage Medical, Inc. *		33,791		471,384
Omnicell, Inc. *		21,059		381,800
OraSure Technologies, Inc. *		38,777		169,843
Orthofix International N.V. *		13,277		366,976
Owens & Minor, Inc.		40,369		1,379,812
PharMerica Corp. *		20,891		326,109
PhotoMedex, Inc. *(a)		7,699		125,571
Providence Service Corp. *		8,287		218,445
Quality Systems, Inc.		25,355		453,347
Quidel Corp. *		18,393		439,777
RTI Biologics, Inc. *		38,826		157,245
Select Medical Holdings Corp.		27,491		217,179
Spectranetics Corp. *		21,921		409,923
STERIS Corp.		37,374		1,694,537
SurModics, Inc. *		7,959		188,947
Symmetry Medical, Inc. *		25,225		235,349
Team Health Holdings, Inc. *		21,921		856,453
Teleflex, Inc.		26,092		2,043,786
The Ensign Group, Inc.		11,204		404,128
Thoratec Corp. *		36,786		1,146,620
Triple-S Management Corp., Class B *		12,656		267,928
Universal American Corp.		23,788		216,947
US Physical Therapy, Inc.		7,699		216,342
Vanguard Health Systems, Inc. *		22,517		299,926
Vascular Solutions, Inc. *		8,875		134,634
VCA Antech, Inc. *		56,355		1,440,434
Vocera Communications, Inc. *		3,867		57,077
Volcano Corp. *		34,434		657,689
WellCare Health Plans, Inc. *		26,680		1,391,095

8 

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
West Pharmaceutical Services, Inc.		21,921		1,502,685
Wright Medical Group, Inc. *		27,863		697,411
				68,719,910
Household & Personal Products 0.6%
Central Garden & Pet Co., Class A *		28,099		213,271
Elizabeth Arden, Inc. *		16,574		780,635
Harbinger Group, Inc. *		6,662		57,427
Inter Parfums, Inc.		10,422		312,452
Lifevantage Corp. *		78,407		172,495
Medifast, Inc. *		9,296		267,818
Nature’s Sunshine Products, Inc.		5,935		91,280
Nu Skin Enterprises, Inc., Class A		33,791		1,986,911
Prestige Brands Holdings, Inc. *		32,615		958,555
Revlon, Inc., Class A *		5,292		105,311
Spectrum Brands Holdings, Inc.		14,810		892,895
Star Scientific, Inc. *(a)		83,678		124,680
USANA Health Sciences, Inc. *(a)		4,311		302,158
WD-40 Co.		9,463		513,273
				6,779,161
Insurance 3.6%
Allied World Assurance Co. Holdings AG		22,509		2,012,530
American Equity Investment Life Holding Co.		40,369		653,978
American National Insurance Co.		4,704		469,836
AMERISAFE, Inc.		11,870		402,749
AmTrust Financial Services, Inc. (a)		17,217		568,678
Argo Group International Holdings Ltd.		17,585		696,538
Aspen Insurance Holdings Ltd.		44,485		1,634,379
Assurant, Inc.		50,420		2,507,891
Assured Guaranty Ltd.		124,047		2,805,943
Baldwin & Lyons, Inc., Class B		5,292		125,367
Citizens, Inc. *		31,241		189,945
CNO Financial Group, Inc.		141,264		1,743,198
Crawford & Co., Class B		18,444		125,419
Donegal Group, Inc., Class A		6,566		97,177
eHealth, Inc. *		13,718		337,737
EMC Insurance Group, Inc.		3,571		99,024
Employers Holdings, Inc.		19,569		484,137
Endurance Specialty Holdings Ltd.		26,680		1,342,804
Enstar Group Ltd. *		5,292		668,221
FBL Financial Group, Inc., Class A		7,111		292,191
First American Financial Corp.		68,868		1,644,568
Global Indemnity plc *		7,351		166,574
Greenlight Capital Re Ltd., Class A *		18,981		459,150
Hilltop Holdings, Inc. *		26,804		428,864
Horace Mann Educators Corp.		24,916		605,459
Infinity Property & Casualty Corp.		7,111		410,660
Kansas City Life Insurance Co.		2,632		99,700
Kemper Corp.		35,022		1,195,651
Maiden Holdings Ltd.		33,203		354,608
MBIA, Inc. *		90,789		1,293,743
Meadowbrook Insurance Group, Inc.		31,802		255,052
Mercury General Corp.		23,152		1,036,747
Montpelier Re Holdings Ltd.		35,610		889,894
National Financial Partners Corp. *		25,504		642,956
National Interstate Corp.		11,646		337,850
National Western Life Insurance Co., Class A		1,176		230,484
Old Republic International Corp.		154,310		2,100,159
OneBeacon Insurance Group Ltd., Class A		14,222		202,237
Platinum Underwriters Holdings Ltd.		20,745		1,184,539
Primerica, Inc.		29,675		1,045,153
ProAssurance Corp.		39,138		1,964,728
Protective Life Corp.		50,420		1,950,246
RLI Corp.		10,639		798,776
Safety Insurance Group, Inc.		8,622		451,448
Selective Insurance Group, Inc.		35,610		845,025
StanCorp Financial Group, Inc.		28,444		1,292,211
State Auto Financial Corp.		9,753		178,090
Stewart Information Services Corp.		11,870		328,680
Symetra Financial Corp.		46,304		646,404
The Hanover Insurance Group, Inc.		28,444		1,428,742
The Navigators Group, Inc. *		6,523		380,421
Tower Group International Ltd.		25,092		485,028
United Fire Group, Inc.		14,222		381,861
				42,973,450
Materials 5.8%
A. Schulman, Inc.		18,981		548,551
A.M. Castle & Co. *(a)		10,880		192,576
ADA-ES, Inc. *		5,935		221,672
AEP Industries, Inc. *		2,352		196,345
AK Steel Holding Corp. *(a)		90,962		315,638
Allegheny Technologies, Inc.		68,868		1,898,691
Allied Nevada Gold Corp. *		52,239		403,285
AMCOL International Corp.		15,986		511,072
American Vanguard Corp.		16,205		493,604
AptarGroup, Inc.		41,545		2,356,432
Balchem Corp.		18,981		911,278
Berry Plastics Group, Inc. *		35,210		739,762
Boise Cascade Co. *		7,554		227,073
Boise, Inc.		58,174		468,882
Buckeye Technologies, Inc.		24,916		928,619
Cabot Corp.		38,550		1,578,237
Calgon Carbon Corp. *		34,434		621,878
Carpenter Technology Corp.		28,444		1,369,863
Century Aluminum Co. *		35,682		353,609
Chemtura Corp. *		62,290		1,428,310
Clearwater Paper Corp. *		14,810		708,362
Coeur Mining, Inc. *		64,802		919,540
Commercial Metals Co.		74,803		1,153,462
Compass Minerals International, Inc.		21,333		1,861,518
Cytec Industries, Inc.		26,617		1,902,317
Deltic Timber Corp.		6,907		435,832
Domtar Corp.		21,921		1,588,615
Eagle Materials, Inc.		29,087		2,145,166
Ferro Corp. *		55,179		378,528
Flotek Industries, Inc. *		25,504		443,515
FutureFuel Corp.		9,728		135,997
General Moly, Inc. *(a)		37,694		81,042
Globe Specialty Metals, Inc.		40,369		495,328

9

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Graphic Packaging Holding Co. *		117,768		905,636
Greif, Inc., Class A		19,569		1,019,545
H.B. Fuller Co.		32,027		1,331,362
Hawkins, Inc.		5,935		236,688
Haynes International, Inc.		7,699		376,789
Headwaters, Inc. *		46,892		497,524
Hecla Mining Co.		184,040		704,873
Horsehead Holding Corp. *		30,531		351,412
Innophos Holdings, Inc.		13,046		659,867
Intrepid Potash, Inc.		34,434		646,671
Kaiser Aluminum Corp.		10,639		674,938
KapStone Paper and Packaging Corp.		24,837		720,521
Koppers Holdings, Inc.		13,046		537,104
Kraton Performance Polymers, Inc. *		20,745		430,251
Kronos Worldwide, Inc. (a)		14,223		240,511
Landec Corp. *		16,574		232,699
Louisiana-Pacific Corp. *		89,613		1,574,500
LSB Industries, Inc. *		12,768		431,175
Materion Corp.		11,870		353,726
McEwen Mining, Inc. *(a)		167,405		426,883
Minerals Technologies, Inc.		22,509		958,883
Molycorp, Inc. *(a)		78,331		514,635
Myers Industries, Inc.		21,136		310,911
Neenah Paper, Inc.		10,446		328,109
NewMarket Corp.		6,523		1,788,868
Noranda Aluminum Holding Corp.		46,956		189,702
Olin Corp.		51,651		1,287,659
OM Group, Inc. *		20,745		608,658
Omnova Solutions, Inc. *		32,289		239,262
P.H. Glatfelter Co.		27,268		674,338
PolyOne Corp.		63,520		1,631,829
Quaker Chemical Corp.		7,699		498,818
Resolute Forest Products *		61,702		939,105
RTI International Metals, Inc. *		19,569		567,697
Schnitzer Steel Industries, Inc., Class A		14,810		365,807
Schweitzer-Mauduit International, Inc.		20,157		968,745
Sensient Technologies Corp.		32,027		1,321,754
Silgan Holdings, Inc.		29,087		1,360,399
Sonoco Products Co.		64,697		2,265,689
Steel Dynamics, Inc.		141,264		2,166,990
Stepan Co.		11,454		618,860
Stillwater Mining Co. *		75,391		903,938
SunCoke Energy, Inc. *		44,485		689,518
Taminco Corp. *		9,862		185,899
Texas Industries, Inc. *(a)		13,046		931,615
The Scotts Miracle-Gro Co., Class A (a)		24,916		1,177,779
Tredegar Corp.		16,044		400,458
Tronox Ltd., Class A		14,810		341,815
United States Lime & Minerals, Inc. *		1,475		73,558
United States Steel Corp. (a)		92,020		1,627,834
Universal Stainless & Alloy Products, Inc. *		4,116		130,436
US Silica Holdings, Inc. (a)		10,466		231,194
Walter Energy, Inc.		40,369		688,695
Wausau Paper Corp.		30,853		360,363
Worthington Industries, Inc.		33,791		1,161,735
Zep, Inc.		15,630		259,145
Zoltek Cos., Inc. *(a)		19,661		251,268
				69,389,242
Media 1.7%
Arbitron, Inc.		17,003		797,611
Belo Corp., Class A		59,350		665,907
Carmike Cinemas, Inc. *		11,227		198,942
Central European Media Enterprises Ltd., Class A *		21,333		71,252
Cinemark Holdings, Inc.		65,285		1,915,462
Clear Channel Outdoor Holdings, Inc., Class A *		26,828		229,916
Crown Media Holdings, Inc., Class A *		23,299		47,763
Cumulus Media, Inc. *		47,104		174,756
Digital Generation, Inc. *(a)		16,858		117,837
DreamWorks Animation SKG, Inc., Class A *		45,661		1,001,802
E.W. Scripps Co., Class A *		19,372		264,428
Entercom Communications Corp., Class A *		13,285		123,285
Fisher Communications, Inc.		4,180		171,840
Gray Television, Inc. *		29,675		176,566
Harte-Hanks, Inc.		27,534		246,154
Hemisphere Media Group, Inc. *(a)		1,418		20,150
John Wiley & Sons, Inc., Class A		29,675		1,178,098
Journal Communications, Inc., Class A *		23,418		155,027
LIN TV Corp., Class A *		19,673		238,633
Live Nation Entertainment, Inc. *		90,789		1,235,638
Loral Space & Communications, Inc.		8,473		510,244
Meredith Corp. (a)		21,333		874,226
Morningstar, Inc.		14,222		978,189
National CineMedia, Inc.		36,909		613,059
Nexstar Broadcasting Group, Inc., Class A		19,432		544,096
ReachLocal, Inc. *		6,559		91,170
Regal Entertainment Group, Class A (a)		46,892		829,988
Rentrak Corp. *		7,111		164,549
Saga Communications, Inc., Class A		2,940		135,387
Scholastic Corp.		16,851		509,574
Sinclair Broadcast Group, Inc., Class A		42,517		1,149,235
Starz - Liberty Capital *		71,808		1,657,329
The McClatchy Co., Class A *(a)		42,796		106,990
The New York Times Co., Class A *		77,743		821,744
The Washington Post Co., Class B		2,775		1,296,563
Valassis Communications, Inc.		24,916		647,567
World Wrestling Entertainment, Inc., Class A		19,261		187,602
				20,148,579
Pharmaceuticals, Biotechnology & Life Sciences 5.4%
ACADIA Pharmaceuticals, Inc. *		41,707		586,818
Achillion Pharmaceuticals, Inc. *		42,738		356,435

10 

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Acorda Therapeutics, Inc. *		23,740		794,103
Aegerion Pharmaceuticals, Inc. *		8,287		603,542
Affymax, Inc. *(a)		25,077		51,909
Affymetrix, Inc. *(a)		44,492		166,845
Akorn, Inc. *		43,428		631,009
Alkermes plc *		84,364		2,636,375
Alnylam Pharmaceuticals, Inc. *		31,439		962,977
AMAG Pharmaceuticals, Inc. *		14,812		274,022
Arena Pharmaceuticals, Inc. *(a)		138,912		1,227,982
ARIAD Pharmaceuticals, Inc. *		116,348		2,133,822
Array BioPharma, Inc. *		78,670		459,433
Astex Pharmaceuticals *		55,179		267,618
Auxilium Pharmaceuticals, Inc. *		31,391		468,354
AVANIR Pharmaceuticals, Inc. *(a)		95,849		318,219
AVEO Pharmaceuticals, Inc. *		23,152		59,269
Bio-Rad Laboratories, Inc., Class A *		12,458		1,416,225
Biotime, Inc. *(a)		18,393		87,367
Bruker Corp. *		57,586		951,897
Cadence Pharmaceuticals, Inc. *		38,114		253,458
Cambrex Corp. *		19,569		269,269
Celldex Therapeutics, Inc. *		49,832		637,351
Cepheid, Inc. *		41,545		1,444,104
Charles River Laboratories International, Inc. *		30,851		1,336,157
ChemoCentryx, Inc. *		11,551		156,054
Chimerix, Inc. *		3,260		70,090
Clovis Oncology, Inc. *		10,446		382,115
Cubist Pharmaceuticals, Inc. *		40,369		2,218,277
Curis, Inc. *(a)		54,141		203,029
Dendreon Corp. *(a)		100,307		401,228
Depomed, Inc. *		38,860		223,834
Dyax Corp. *		69,801		219,175
Dynavax Technologies Corp. *		123,483		322,291
Emergent Biosolutions, Inc. *		17,537		249,025
Enanta Pharmaceuticals, Inc. *		1,770		34,480
Endocyte, Inc. *		18,572		254,251
Exact Sciences Corp. *		40,594		456,277
Exelixis, Inc. *(a)		117,524		568,816
Fluidigm Corp. *		13,634		232,323
Furiex Pharmaceuticals, Inc. *		3,528		130,430
Genomic Health, Inc. *		12,502		456,073
GTx, Inc. *		15,398		91,002
Halozyme Therapeutics, Inc. *		54,488		385,230
Hi-Tech Pharmacal Co., Inc.		7,475		238,901
Hyperion Therapeutics, Inc. *		5,292		106,210
Idenix Pharmaceuticals, Inc. *(a)		63,171		299,431
ImmunoGen, Inc. *		54,003		992,035
Impax Laboratories, Inc. *		41,373		784,018
Incyte Corp. *(a)		85,442		1,894,249
Infinity Pharmaceuticals, Inc. *		26,410		711,750
Intercept Pharmaceuticals, Inc. *		3,351		112,057
InterMune, Inc. *		50,420		498,150
Ironwood Pharmaceuticals, Inc. *(a)		52,827		705,240
Isis Pharmaceuticals, Inc. *		70,976		1,536,630
Jazz Pharmaceuticals plc *		31,765		2,159,067
Keryx Biopharmaceuticals, Inc. *(a)		51,008		408,574
KYTHERA Biopharmaceuticals, Inc. *		2,766		59,165
Lexicon Pharmaceuticals, Inc. *		329,475		787,445
Ligand Pharmaceuticals, Inc., Class B *		13,046		390,206
Luminex Corp. *		24,159		465,544
MannKind Corp. *(a)		98,588		657,582
Merrimack Pharmaceuticals, Inc. *		9,230		51,134
MiMedx Group, Inc. *(a)		45,047		324,338
Momenta Pharmaceuticals, Inc. *		26,092		343,371
Myriad Genetics, Inc. *		49,832		1,599,607
Nektar Therapeutics *		74,160		702,295
Neurocrine Biosciences, Inc. *		38,055		492,051
NewLink Genetics Corp. *(a)		10,051		163,932
Novavax, Inc. *		91,121		174,041
NPS Pharmaceuticals, Inc. *		55,467		873,605
Opko Health, Inc. *(a)		89,079		588,812
Optimer Pharmaceuticals, Inc. *(a)		30,288		450,685
Orexigen Therapeutics, Inc. *		45,661		289,034
Osiris Therapeutics, Inc. *		10,446		117,413
Pacira Pharmaceuticals, Inc. *		13,208		386,994
PAREXEL International Corp. *		35,610		1,627,021
PDL BioPharma, Inc. (a)		90,201		744,158
Peregrine Pharmaceuticals, Inc. *(a)		77,155		127,306
Pernix Therapeutics Holdings *		7,111		25,671
Puma Biotechnology, Inc. *		5,319		207,069
Questcor Pharmaceuticals, Inc. (a)		37,374		1,277,070
Raptor Pharmaceutical Corp. *		34,434		261,354
Receptos, Inc. *		3,254		51,641
Rigel Pharmaceuticals, Inc. *		60,285		278,517
Sagent Pharmaceuticals, Inc. *		8,307		149,609
Salix Pharmaceuticals Ltd. *		33,203		2,014,426
Sangamo BioSciences, Inc. *(a)		36,898		295,184
Santarus, Inc. *		31,842		709,121
Sarepta Therapeutics, Inc. *(a)		18,988		671,226
Sciclone Pharmaceuticals, Inc. *		33,203		159,706
Sequenom, Inc. *(a)		80,326		332,550
Spectrum Pharmaceuticals, Inc. (a)		35,682		292,949
Sunesis Pharmaceuticals, Inc. *(a)		19,569		105,477
Supernus Pharmaceuticals, Inc. *(a)		7,699		53,200
Synageva BioPharma Corp. *		6,135		252,885
Synergy Pharmaceuticals, Inc. *(a)		44,768		228,317
Synta Pharmaceuticals Corp. *(a)		26,680		196,898
Techne Corp.		21,921		1,457,966
TESARO, Inc. *		7,868		269,164
The Medicines Co. *		34,434		1,109,119
TherapeuticsMD, Inc. *		18,706		52,190
Theravance, Inc. *		41,545		1,455,737
Threshold Pharmaceuticals, Inc. *		26,220		149,978
Trius Therapeutics, Inc. *		10,051		77,091
United Therapeutics Corp. *		29,675		1,972,497
Vical, Inc. *		42,721		149,524
ViroPharma, Inc. *		41,545		1,142,488
VIVUS, Inc. *(a)		64,109		942,402
XenoPort, Inc. *		29,923		164,577
XOMA Corp. *		54,003		226,813
ZIOPHARM Oncology, Inc. *(a)		55,201		120,890
				64,163,917
Real Estate 9.2%
Acadia Realty Trust		34,100		883,872

11

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
AG Mortgage Investment Trust, Inc.		17,217		394,097
Agree Realty Corp.		7,419		247,275
Alexander & Baldwin, Inc. *		27,268		962,288
Alexander’s, Inc.		1,333		405,752
American Assets Trust, Inc.		21,333		686,923
American Capital Mortgage Investment Corp.		36,198		762,692
American Residential Properties, Inc. *(a)		8,744		172,344
AmREIT, Inc., Class B		2,516		50,018
Anworth Mortgage Asset Corp.		90,789		511,142
Apollo Commercial Real Estate Finance, Inc.		21,333		355,621
Apollo Residential Mortgage, Inc.		19,707		375,615
ARMOUR Residential REIT, Inc.		239,807		1,237,404
Ashford Hospitality Trust		39,566		522,667
Associated Estates Realty Corp.		31,575		518,777
Aviv REIT, Inc.		8,415		218,117
BioMed Realty Trust, Inc.		117,372		2,456,596
Brandywine Realty Trust		97,950		1,386,972
Campus Crest Communities, Inc.		37,392		473,009
CapLease, Inc.		46,968		404,864
Capstead Mortgage Corp.		63,521		780,038
Cedar Realty Trust, Inc.		38,132		219,259
Chesapeake Lodging Trust		30,851		695,690
Chimera Investment Corp.		657,774		2,006,211
Colonial Properties Trust		53,415		1,181,006
Colony Financial, Inc.		38,108		844,092
CommonWealth REIT		75,391		1,540,992
Coresite Realty Corp.		14,326		460,151
Corporate Office Properties Trust		54,501		1,451,362
Cousins Properties, Inc.		65,636		677,363
CubeSmart		77,743		1,216,678
CyrusOne, Inc.		11,076		240,128
CYS Investments, Inc.		112,177		1,153,180
DCT Industrial Trust, Inc.		179,281		1,323,094
DiamondRock Hospitality Co.		125,811		1,196,463
Douglas Emmett, Inc.		84,266		2,147,940
DuPont Fabros Technology, Inc.		42,187		1,022,191
EastGroup Properties, Inc.		18,981		1,115,513
Education Realty Trust, Inc.		72,396		757,262
EPR Properties		29,087		1,524,740
Equity Lifestyle Properties, Inc.		24,916		1,922,768
Equity One, Inc.		39,726		926,808
Excel Trust, Inc.		28,527		381,121
FelCor Lodging Trust, Inc. *		70,284		432,949
First Industrial Realty Trust, Inc.		61,957		1,046,454
First Potomac Realty Trust		32,571		445,571
Forest City Enterprises, Inc., Class A *		90,201		1,692,171
Forestar Group, Inc. *		22,217		512,546
Franklin Street Properties Corp.		54,159		737,646
Getty Realty Corp.		16,988		356,068
Glimcher Realty Trust		91,377		1,067,283
Government Properties Income Trust		33,896		824,012
Hatteras Financial Corp.		63,521		1,640,112
Healthcare Realty Trust, Inc.		56,943		1,515,253
Healthcare Trust of America, Inc.		34,127		392,119
Hersha Hospitality Trust		110,336		631,122
Highwoods Properties, Inc.		51,651		1,881,129
Home Properties, Inc.		32,027		1,946,281
Hospitality Properties Trust		87,570		2,555,293
Hudson Pacific Properties, Inc.		27,268		588,716
Inland Real Estate Corp.		49,913		512,606
Invesco Mortgage Capital, Inc.		84,266		1,571,561
Investors Real Estate Trust		59,938		539,442
iStar Financial, Inc. *(a)		46,892		558,484
Kennedy-Wilson Holdings, Inc.		28,707		492,612
Kite Realty Group Trust		50,669		307,561
LaSalle Hotel Properties		61,114		1,613,410
Lexington Realty Trust		113,551		1,429,607
LTC Properties, Inc.		21,737		904,477
Mack-Cali Realty Corp.		53,415		1,415,497
Medical Properties Trust, Inc.		95,845		1,422,340
MFA Financial, Inc.		229,756		2,017,258
Mid-America Apartment Communities, Inc.		26,092		1,773,473
Monmouth Real Estate Investment Corp.		28,254		289,886
National Health Investors, Inc.		15,398		958,833
New York Mortgage Trust, Inc. (a)		40,240		272,022
NorthStar Realty Finance Corp.		117,327		989,067
OMEGA Healthcare Investors, Inc.		72,396		2,346,354
One Liberty Properties, Inc.		7,111		188,086
Parkway Properties, Inc.		23,152		397,751
Pebblebrook Hotel Trust		39,138		1,026,981
Pennsylvania REIT		39,622		788,082
Pennymac Mortgage Investment Trust		37,374		809,147
Piedmont Office Realty Trust, Inc., Class A		107,418		2,039,868
Post Properties, Inc.		35,022		1,674,052
Potlatch Corp.		24,916		1,131,934
PS Business Parks, Inc.		11,227		856,732
RAIT Financial Trust		37,962		291,169
Ramco-Gershenson Properties Trust		33,023		515,489
Redwood Trust, Inc.		52,239		1,000,899
Resource Capital Corp.		69,704		431,468
Retail Opportunity Investments Corp.		31,139		437,192
Retail Properties of America, Inc., Class A		22,517		343,609
RLJ Lodging Trust		76,794		1,778,549
Rouse Properties, Inc. (a)		16,014		322,042
Ryman Hospitality Properties (a)		33,142		1,268,013
Sabra Health Care REIT, Inc.		23,740		642,167
Saul Centers, Inc.		8,622		386,179
Select Income REIT		10,639		289,700
Silver Bay Realty Trust Corp.		19,713		351,483
Sovran Self Storage, Inc.		19,569		1,269,441
Spirit Realty Capital, Inc.		19,369		388,736
STAG Industrial, Inc.		26,092		574,024
Starwood Property Trust, Inc.		103,325		2,621,355
Strategic Hotels & Resorts, Inc. *		113,941		916,086
Summit Hotel Properties, Inc.		41,646		411,046
Sun Communities, Inc.		19,932		996,002
Sunstone Hotel Investors, Inc. *		102,071		1,230,976
Tanger Factory Outlet Centers		59,938		2,066,662
Tejon Ranch Co. *		10,281		310,075
The Geo Group, Inc.		45,661		1,589,916
The Howard Hughes Corp. *		17,805		1,773,378

12 

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
The St. Joe Co. *(a)		59,350		1,211,927
Thomas Properties Group, Inc.		20,157		109,049
Universal Health Realty Income Trust		8,055		363,844
Urstadt Biddle Properties, Inc., Class A		17,281		363,938
Washington REIT		42,133		1,172,140
Western Asset Mortgage Capital Corp. (a)		14,222		260,974
Whitestone REIT (a)		10,639		174,586
Winthrop Realty Trust		20,285		251,737
				110,515,794
Retailing 4.8%
1-800-FLOWERS.COM, Inc., Class A *		16,861		102,683
Aaron’s, Inc.		45,073		1,266,101
Aeropostale, Inc. *		49,832		728,045
America’s Car-Mart, Inc. *		5,527		249,212
Ann, Inc. *		30,851		946,509
Asbury Automotive Group, Inc. *		20,157		830,468
Ascena Retail Group, Inc. *		81,326		1,653,358
Barnes & Noble, Inc. *		24,186		544,185
bebe stores, Inc.		25,163		137,390
Big 5 Sporting Goods Corp.		11,482		229,755
Big Lots, Inc. *		36,198		1,232,542
Blue Nile, Inc. *		8,522		303,042
Brown Shoe Co., Inc.		23,740		493,792
Cabela’s, Inc. *		29,675		1,990,005
Chico’s FAS, Inc.		106,242		1,918,730
Christopher & Banks Corp. *		24,328		175,405
Conn’s, Inc. *		14,137		695,964
Core-Mark Holding Co., Inc.		7,297		431,909
Destination Maternity Corp.		7,699		191,782
DSW, Inc., Class A		20,745		1,534,923
Express, Inc. *		56,943		1,241,357
Five Below, Inc. *		6,743		257,852
Francesca’s Holdings Corp. *(a)		27,849		795,089
Fred’s, Inc., Class A		21,548		341,751
GameStop Corp., Class A (a)		77,743		2,577,958
Genesco, Inc. *		15,398		1,040,597
GNC Holdings, Inc., Class A		45,661		2,056,115
Gordmans Stores, Inc. *		5,990		76,732
Group 1 Automotive, Inc.		13,634		866,441
Groupon, Inc. *		170,351		1,308,296
Guess?, Inc.		39,138		1,243,806
Haverty Furniture Cos., Inc.		12,547		308,907
hhgregg, Inc. *(a)		10,937		170,508
Hibbett Sports, Inc. *		15,398		878,148
HomeAway, Inc. *		20,745		634,382
HSN, Inc.		22,509		1,280,537
Jos. A. Bank Clothiers, Inc. *		17,805		799,979
Liberty Ventures, Series A *		17,805		1,452,354
Lithia Motors, Inc., Class A		12,458		648,937
Lumber Liquidators Holdings, Inc. *		17,217		1,413,688
MarineMax, Inc. *		16,363		188,011
Mattress Firm Holding Corp. *(a)		4,919		176,887
Monro Muffler Brake, Inc.		18,393		864,839
New York & Co., Inc. *		18,441		102,348
NutriSystem, Inc.		19,941		180,067
Office Depot, Inc. *		182,809		806,188
OfficeMax, Inc.		55,179		718,982
Orbitz Worldwide, Inc. *		16,074		121,359
Overstock.com, Inc. *(a)		9,731		252,227
Penske Automotive Group, Inc.		27,268		875,575
PetMed Express, Inc. (a)		13,239		177,270
Pier 1 Imports, Inc.		68,868		1,597,049
Pool Corp.		29,675		1,526,779
RadioShack Corp. *(a)		70,252		259,932
Rent-A-Center, Inc.		35,610		1,302,614
Restoration Hardware Holdings, Inc. *(a)		8,608		480,929
rue21, Inc. *		9,913		416,247
Saks, Inc. *(a)		64,697		959,456
Sears Hometown and Outlet Stores, Inc. *		5,300		294,786
Select Comfort Corp. *		36,198		803,234
Shoe Carnival, Inc.		10,275		249,477
Shutterfly, Inc. *		19,569		953,793
Sonic Automotive, Inc., Class A		23,152		527,171
Stage Stores, Inc.		18,981		436,753
Stein Mart, Inc.		18,420		238,171
Systemax, Inc.		7,728		74,575
The Bon-Ton Stores, Inc. (a)		6,523		138,875
The Buckle, Inc. (a)		15,986		854,931
The Cato Corp., Class A		18,171		452,458
The Children’s Place Retail Stores, Inc. *		14,810		789,817
The Finish Line, Inc., Class A		32,027		674,489
The Men’s Wearhouse, Inc.		28,444		1,029,673
The Pep Boys-Manny, Moe & Jack *		33,797		417,055
The Wet Seal, Inc., Class A *		64,129		318,080
Tile Shop Holdings, Inc. *		11,836		303,002
Tilly’s, Inc. *		7,183		118,663
Tuesday Morning Corp. *		27,268		242,958
Vitacost.com, Inc. *		13,046		106,716
Vitamin Shoppe, Inc. *		18,393		804,510
VOXX International Corp. *		13,669		151,999
West Marine, Inc. *		10,051		116,391
Weyco Group, Inc.		5,323		128,018
Winmark Corp.		1,176		70,290
Zumiez, Inc. *		14,978		476,600
				56,828,478
Semiconductors & Semiconductor Equipment 3.4%
Advanced Energy Industries, Inc. *		22,509		414,166
Advanced Micro Devices, Inc. *(a)		390,644		1,562,576
Amkor Technology, Inc. *(a)		49,426		224,394
Applied Micro Circuits Corp. *		45,283		349,132
ASML Holding NV - Reg’d		23,057		1,873,835
Atmel Corp. *		281,995		2,219,301
ATMI, Inc. *		20,157		481,148
Brooks Automation, Inc.		42,721		454,979
Cabot Microelectronics Corp. *		14,810		529,457
Cavium, Inc. *		32,027		1,049,205
CEVA, Inc. *		14,889		249,689
Cirrus Logic, Inc. *		41,545		758,196
Cohu, Inc.		15,755		174,250
Cypress Semiconductor Corp. *		86,085		967,595
Diodes, Inc. *		22,509		531,212

13

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Entegris, Inc. *		88,437		921,514
Entropic Communications, Inc. *		47,480		203,214
Exar Corp. *		29,087		328,101
Fairchild Semiconductor International, Inc. *		81,326		1,180,040
First Solar, Inc. *		38,550		2,096,349
FormFactor, Inc. *		34,054		200,578
GT Advanced Technologies, Inc. *(a)		65,873		293,135
Hittite Microwave Corp. *		17,217		934,539
Inphi Corp. *		11,894		121,438
Integrated Device Technology, Inc. *		92,608		789,020
Integrated Silicon Solution, Inc. *		17,805		192,650
Intermolecular, Inc. *		10,142		86,613
International Rectifier Corp. *		44,485		977,780
Intersil Corp., Class A		80,738		662,052
IXYS Corp.		11,869		135,307
Kulicke & Soffa Industries, Inc. *		48,068		596,043
Lattice Semiconductor Corp. *		74,803		385,235
LTX-Credence Corp. *		26,680		151,276
M/A-COM Technology Solutions Holdings, Inc. *		8,438		117,541
Micrel, Inc.		27,268		271,317
Microsemi Corp. *		58,174		1,275,756
MKS Instruments, Inc.		33,791		951,217
Monolithic Power Systems, Inc.		20,745		509,705
Nanometrics, Inc. *		14,839		214,424
NVE Corp. *		2,940		152,086
OmniVision Technologies, Inc. *		32,027		591,539
PDF Solutions, Inc. *		15,398		282,245
Peregrine Semiconductor Corp. *		4,311		46,688
Photronics, Inc. *		41,292		315,058
PMC-Sierra, Inc. *		128,806		774,124
Power Integrations, Inc.		18,393		785,197
Rambus, Inc. *		65,873		519,079
RF Micro Devices, Inc. *		178,693		986,385
Rudolph Technologies, Inc. *		22,647		277,652
Semtech Corp. *		42,721		1,561,025
Silicon Image, Inc. *		49,290		300,176
Silicon Laboratories, Inc. *		24,328		1,045,131
Spansion, Inc., Class A *		29,675		406,547
SunEdison, Inc. *		147,787		1,192,641
SunPower Corp. *(a)		16,702		322,349
Supertex, Inc.		7,260		160,809
Teradyne, Inc. *		121,695		2,183,208
Tessera Technologies, Inc.		33,791		701,163
TriQuint Semiconductor, Inc. *		103,302		727,246
Ultratech, Inc. *		17,217		627,732
Veeco Instruments, Inc. *		24,916		1,056,189
Volterra Semiconductor Corp. *		17,421		244,939
				40,693,187
Software & Services 7.4%
Accelrys, Inc. *		36,198		301,891
ACI Worldwide, Inc. *		23,740		1,104,147
Actuate Corp. *		33,529		226,321
Acxiom Corp. *		47,480		1,044,085
Advent Software, Inc. *		20,157		668,809
Angie’s List, Inc. *		21,333		500,472
AOL, Inc. *		49,244		1,706,797
Aspen Technology, Inc. *		59,938		1,835,302
Bankrate, Inc. *		25,523		365,234
Bazaarvoice, Inc. *(a)		24,424		182,936
Blackbaud, Inc.		27,268		827,311
Blackhawk Network Holdings, Inc. *		6,199		147,660
Blucora, Inc. *		26,092		476,179
Booz Allen Hamilton Holding Corp.		24,877		433,855
Bottomline Technologies (de), Inc. *		23,740		655,936
Broadridge Financial Solutions, Inc.		78,331		2,125,903
BroadSoft, Inc. *		17,805		493,555
CACI International, Inc., Class A *		13,634		874,485
Carbonite, Inc. *(a)		6,763		71,485
Cardtronics, Inc. *		28,444		811,507
Cass Information Systems, Inc.		6,555		294,188
CIBER, Inc. *		44,674		182,270
CommVault Systems, Inc. *		27,268		1,908,760
Computer Task Group, Inc.		8,875		198,090
Compuware Corp. *		136,505		1,532,951
comScore, Inc. *		20,745		410,336
Comverse, Inc. *		13,634		407,111
Constant Contact, Inc. *		21,124		315,170
Convergys Corp.		67,637		1,228,964
CoreLogic, Inc. *		62,878		1,647,404
Cornerstone OnDemand, Inc. *		20,157		819,181
CoStar Group, Inc. *		17,217		1,925,033
CSG Systems International, Inc. *		21,333		461,433
Cyan, Inc. *		5,081		67,831
Dealertrack Technologies, Inc. *		27,268		879,120
Demand Media, Inc. *		24,337		208,568
Demandware, Inc. *(a)		5,527		169,181
Dice Holdings, Inc. *		32,027		288,884
Digital River, Inc. *		23,998		419,245
DST Systems, Inc.		18,981		1,294,125
E2open, Inc. *		3,116		45,525
EarthLink, Inc.		65,285		387,140
Ebix, Inc. (a)		21,732		431,163
Ellie Mae, Inc. *		6,743		150,976
Envestnet, Inc. *		15,673		360,166
EPAM Systems, Inc. *		9,838		227,848
EPIQ Systems, Inc.		21,732		263,609
ePlus, Inc.		2,352		116,965
Euronet Worldwide, Inc. *		30,851		940,956
EVERTEC, Inc. *		12,690		254,054
ExactTarget, Inc. *		16,205		372,877
Exlservice Holdings, Inc. *		16,574		486,115
Fair Isaac Corp.		22,509		1,104,742
Forrester Research, Inc.		8,325		301,615
Global Cash Access Holdings, Inc. *		45,752		301,963
Guidance Software, Inc. *		8,287		76,406
Guidewire Software, Inc. *		18,393		753,377
Heartland Payment Systems, Inc.		23,740		761,104
Higher One Holdings, Inc. *(a)		22,517		245,435
iGate Corp. *		19,569		283,946
Imperva, Inc. *		7,351		292,790
Infoblox, Inc. *		25,612		623,140
Interactive Intelligence Group, Inc. *		9,463		475,043

14 

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Internap Network Services Corp. *		33,791		269,652
IntraLinks Holdings, Inc. *		25,537		156,797
j2 Global, Inc.		27,856		1,139,032
Jive Software, Inc. *		17,405		294,145
Keynote Systems, Inc.		10,675		134,505
Lender Processing Services, Inc.		54,003		1,786,959
Limelight Networks, Inc. *		43,696		103,560
Lionbridge Technologies, Inc. *		40,989		121,327
Liquidity Services, Inc. *(a)		15,986		639,600
LivePerson, Inc. *		32,027		295,930
LogMeIn, Inc. *		14,259		362,892
Manhattan Associates, Inc. *		12,458		934,724
ManTech International Corp., Class A		14,810		401,203
Marin Software, Inc. *(a)		3,260		39,087
MAXIMUS, Inc.		21,333		1,592,082
Mentor Graphics Corp.		60,526		1,149,389
MicroStrategy, Inc., Class A *		5,292		484,112
Millennial Media, Inc. *(a)		9,072		71,578
Model N, Inc. *(a)		2,950		59,590
MoneyGram International, Inc. *		11,851		233,228
Monotype Imaging Holdings, Inc.		23,740		540,322
Monster Worldwide, Inc. *		75,391		416,912
Move, Inc. *		25,504		290,491
Netscout Systems, Inc. *		23,152		563,751
NeuStar, Inc., Class A *		42,133		2,041,765
NIC, Inc.		37,374		624,893
OpenTable, Inc. *		14,810		987,827
Pandora Media, Inc. *(a)		58,762		1,000,129
Pegasystems, Inc.		11,227		362,969
Perficient, Inc. *		22,517		283,714
Progress Software Corp. *		37,374		878,663
Proofpoint, Inc. *		8,622		174,164
PROS Holdings, Inc. *		12,458		360,410
PTC, Inc. *		76,567		1,922,597
QLIK Technologies, Inc. *		47,480		1,460,485
Qualys, Inc. *		5,106		71,484
QuinStreet, Inc. *		15,398		119,181
Rally Software Development Corp. *		2,570		56,360
RealNetworks, Inc. *		16,749		121,598
RealPage, Inc. *(a)		23,091		439,653
Responsys, Inc. *		19,118		186,974
Rosetta Stone, Inc. *		8,442		143,683
Rovi Corp. *		66,461		1,714,694
Sapient Corp. *		70,632		909,740
SciQuest, Inc. *		10,051		230,670
SeaChange International, Inc. *		16,346		175,883
ServiceSource International, Inc. *		34,466		280,898
Shutterstock, Inc. *		2,766		130,942
Silver Spring Networks, Inc. *		1,980		41,184
Sourcefire, Inc. *		19,569		1,095,081
Splunk, Inc. *		17,217		805,067
SPS Commerce, Inc. *		7,111		383,781
SS&C Technologies Holdings, Inc. *		35,669		1,128,210
Stamps.com, Inc. *		8,875		338,315
Sykes Enterprises, Inc. *		24,916		393,922
Synchronoss Technologies, Inc. *		17,217		539,753
Syntel, Inc.		10,639		679,939
Take-Two Interactive Software, Inc. *		58,762		977,800
Tangoe, Inc. *		21,732		324,024
TeleNav, Inc. *		10,435		53,114
TeleTech Holdings, Inc. *		15,178		341,353
The Active Network, Inc. *		24,430		163,437
TiVo, Inc. *		79,507		1,028,821
Travelzoo, Inc. *		5,308		152,552
Trulia, Inc. *		11,235		345,364
Tyler Technologies, Inc. *		17,217		1,188,145
Ultimate Software Group, Inc. *		17,217		1,916,252
Unisys Corp. *		28,444		587,369
United Online, Inc.		62,473		425,441
ValueClick, Inc. *		45,661		1,202,711
VASCO Data Security International, Inc. *		18,981		159,061
Verint Systems, Inc. *		33,203		1,114,625
VirnetX Holding Corp. *(a)		26,680		632,049
Virtusa Corp. *		13,046		306,059
Vocus, Inc. *		6,523		57,011
Vringo, Inc. *(a)		33,791		105,090
Web.com Group, Inc. *		19,569		410,753
WebMD Health Corp. *		32,027		945,437
Websense, Inc. *		23,740		589,939
WEX, Inc. *		24,328		1,797,109
XO Group, Inc. *		17,512		181,074
Xoom Corp. *		4,116		76,599
Yelp, Inc. *		11,231		334,796
Zillow, Inc., Class A *(a)		8,858		497,288
Zynga, Inc., Class A *		306,911		1,043,497
				87,890,936
Technology Hardware & Equipment 4.7%
ADTRAN, Inc.		39,726		918,465
Aeroflex Holding Corp. *		12,532		99,003
Anaren, Inc. *		7,679		184,450
Anixter International, Inc. *		17,217		1,321,060
ARRIS Group, Inc. *		72,984		1,104,248
Aruba Networks, Inc. *		68,225		1,019,281
Audience, Inc. *		3,666		51,324
Avid Technology, Inc. *		20,516		130,892
AVX Corp.		30,233		362,191
Badger Meter, Inc.		9,090		405,050
Benchmark Electronics, Inc. *		35,610		694,395
Black Box Corp.		11,005		296,145
Brocade Communications Systems, Inc. *		292,046		1,585,810
CalAmp Corp. *		20,157		265,468
Calix, Inc. *		20,549		215,354
Checkpoint Systems, Inc. *		26,055		355,911
Ciena Corp. *		64,697		1,083,028
Cognex Corp.		25,504		1,145,895
Coherent, Inc.		15,398		883,845
Comtech Telecommunications Corp.		11,995		316,668
Cray, Inc. *		23,152		421,598
CTS Corp.		23,952		287,903
Daktronics, Inc.		26,220		269,279
Diebold, Inc.		40,369		1,300,285
Digi International, Inc. *		17,864		171,316
Dolby Laboratories, Inc., Class A (a)		30,263		1,059,205
DTS, Inc. *		13,110		259,054

15

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
EchoStar Corp., Class A *		24,916		989,414
Electro Rent Corp.		12,458		211,911
Electro Scientific Industries, Inc.		17,382		197,286
Electronics for Imaging, Inc. *		29,272		816,396
Emulex Corp. *		60,546		377,202
Extreme Networks, Inc. *		65,406		232,845
Fabrinet *		14,946		217,165
FARO Technologies, Inc. *		10,639		398,111
FEI Co.		23,740		1,709,517
Finisar Corp. *		55,767		730,548
Fusion-io, Inc. *(a)		40,957		592,648
Globecomm Systems, Inc. *		14,810		189,716
Harmonic, Inc. *		73,506		448,387
Infinera Corp. *		71,808		756,138
Ingram Micro, Inc., Class A *		93,784		1,792,212
Insight Enterprises, Inc. *		28,444		547,547
InterDigital, Inc.		25,504		1,172,929
Intermec, Inc. *		38,892		383,475
InvenSense, Inc. *		24,013		309,287
IPG Photonics Corp. (a)		18,393		1,090,705
Itron, Inc. *		24,328		1,021,776
Ixia *		32,615		512,708
KEMET Corp. *		31,016		142,363
Lexmark International, Inc., Class A		40,369		1,231,658
Littelfuse, Inc.		13,046		958,751
Maxwell Technologies, Inc. *		19,970		144,383
Measurement Specialties, Inc. *		9,749		433,343
Methode Electronics, Inc.		22,441		352,997
MTS Systems Corp.		10,051		606,678
Multi-Fineline Electronix, Inc. *		6,789		107,945
NETGEAR, Inc. *		24,328		809,636
Newport Corp. *		26,403		347,463
Oplink Communications, Inc. *		13,336		226,979
OSI Systems, Inc. *		11,870		686,561
Park Electrochemical Corp.		13,199		318,756
PC Connection, Inc.		10,985		184,438
Plantronics, Inc.		26,092		1,205,450
Plexus Corp. *		20,157		588,181
Polycom, Inc. *		112,765		1,277,627
Power-One, Inc. *		77,435		490,164
Procera Networks, Inc. *		12,458		183,880
QLogic Corp. *		57,586		560,888
Quantum Corp. *		163,984		254,175
RealD, Inc. *(a)		27,856		420,347
Riverbed Technology, Inc. *		104,478		1,615,230
Rofin-Sinar Technologies, Inc. *		17,805		476,462
Rogers Corp. *		11,302		522,944
Ruckus Wireless, Inc. *(a)		5,455		68,297
Sanmina Corp. *		53,415		725,376
ScanSource, Inc. *		18,637		595,079
ShoreTel, Inc. *		36,290		146,612
Silicon Graphics International Corp. *		22,517		340,007
Sonus Networks, Inc. *		178,834		574,057
STEC, Inc. *(a)		26,272		93,003
Super Micro Computer, Inc. *		18,029		185,879
Synaptics, Inc. *		19,569		807,417
SYNNEX Corp. *		15,398		624,389
Tech Data Corp. *		23,152		1,160,378
Tellabs, Inc.		213,127		441,173
TTM Technologies, Inc. *		33,549		271,076
Ubiquiti Networks, Inc. (a)		7,238		136,871
Universal Display Corp. *		24,328		724,488
ViaSat, Inc. *		26,092		1,828,005
Viasystems Group, Inc. *		2,977		37,570
Vishay Intertechnology, Inc. *		84,266		1,226,913
Zebra Technologies Corp., Class A *		32,615		1,489,201
Zygo Corp. *		11,854		188,597
				56,716,733
Telecommunication Services 0.8%
8x8, Inc. *		42,721		353,303
Atlantic Tele-Network, Inc.		5,935		295,385
Boingo Wireless, Inc. *(a)		8,967		65,011
Cbeyond, Inc. *		19,569		168,098
Cincinnati Bell, Inc. *		131,158		451,184
Clearwire Corp., Class A *		281,407		1,260,703
Cogent Communications Group, Inc.		27,856		765,761
Consolidated Communications Holdings, Inc.		23,740		404,055
Fairpoint Communications, Inc. *(a)		18,097		153,825
General Communication, Inc., Class A *		20,157		175,164
IDT Corp., Class B		10,841		188,525
inContact, Inc. *		32,615		236,785
Intelsat S.A. *		11,898		289,954
Iridium Communications, Inc. *		40,369		287,831
Leap Wireless International, Inc. *		36,898		208,474
NII Holdings, Inc. *(a)		102,659		791,501
NTELOS Holdings Corp.		10,132		165,861
Premiere Global Services, Inc. *		28,444		342,750
Shenandoah Telecommunications Co.		15,451		257,105
Telephone & Data Systems, Inc.		64,109		1,490,534
United States Cellular Corp. *		8,875		352,337
USA Mobility, Inc.		13,634		183,786
Vonage Holdings Corp. *		100,307		274,841
				9,162,773
Transportation 2.3%
Air Transport Services Group, Inc. *		33,556		203,014
Alaska Air Group, Inc. *		45,073		2,561,048
Allegiant Travel Co.		9,463		875,422
AMERCO		4,603		793,557
Arkansas Best Corp.		11,227		214,323
Atlas Air Worldwide Holdings, Inc. *		15,398		714,775
Avis Budget Group, Inc. *		68,868		2,283,663
Celadon Group, Inc.		14,326		279,500
Con-way, Inc.		35,610		1,353,892
Echo Global Logistics, Inc. *		10,390		185,669
Forward Air Corp.		17,805		690,300
Hawaiian Holdings, Inc. *(a)		36,241		215,996
Heartland Express, Inc.		29,157		418,403
Hub Group, Inc., Class A *		22,509		817,302
JetBlue Airways Corp. *		143,671		892,197
Knight Transportation, Inc.		37,707		646,298
Landstar System, Inc.		29,675		1,566,543
Marten Transport Ltd.		10,882		261,059

16 

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Matson, Inc.		27,268		686,336
Old Dominion Freight Line, Inc. *		45,073		1,940,843
Park-Ohio Holdings Corp. *		5,292		196,810
Patriot Transportation Holding, Inc. *		4,311		124,933
Republic Airways Holdings, Inc. *		25,353		272,038
Roadrunner Transportation Systems, Inc. *		9,463		262,125
Ryder System, Inc.		32,027		2,018,982
Saia, Inc. *		10,639		508,385
SkyWest, Inc.		30,263		424,590
Spirit Airlines, Inc. *		29,675		903,010
Swift Transportation Co. *		54,003		909,411
Universal Truckload Services, Inc. *		3,865		98,751
US Airways Group, Inc. *(a)		104,478		1,835,678
UTI Worldwide, Inc.		66,461		1,052,078
Werner Enterprises, Inc.		28,444		711,953
Wesco Aircraft Holdings, Inc. *		26,296		461,495
XPO Logistics, Inc. *(a)		11,227		186,705
				27,567,084
Utilities 3.1%
ALLETE, Inc.		22,509		1,065,126
American States Water Co.		12,458		661,894
Atmos Energy Corp.		56,943		2,404,134
Avista Corp.		38,550		1,029,671
Black Hills Corp.		28,444		1,350,237
California Water Service Group		27,268		537,998
CH Energy Group, Inc.		9,463		612,540
Chesapeake Utilities Corp.		6,029		319,236
Cleco Corp.		39,138		1,781,170
Connecticut Water Service, Inc.		7,208		204,491
Dynegy, Inc. *(a)		62,290		1,518,007
El Paso Electric Co.		25,504		912,788
Great Plains Energy, Inc.		97,955		2,210,844
Hawaiian Electric Industries, Inc.		62,878		1,645,517
IDACORP, Inc.		32,027		1,512,635
MGE Energy, Inc.		14,810		790,410
Middlesex Water Co.		10,704		206,052
New Jersey Resources Corp.		26,680		1,210,738
Northwest Natural Gas Co.		17,217		735,683
NorthWestern Corp.		23,740		977,138
Ormat Technologies, Inc.		12,593		287,372
Otter Tail Corp.		23,152		632,513
Piedmont Natural Gas Co., Inc.		48,656		1,644,086
PNM Resources, Inc.		51,008		1,143,599
Portland General Electric Co.		48,068		1,463,190
SJW Corp.		9,274		250,862
South Jersey Industries, Inc.		20,157		1,177,572
Southwest Gas Corp.		29,675		1,405,111
The Empire District Electric Co.		27,268		592,534
The Laclede Group, Inc.		17,192		813,697
UIL Holdings Corp.		32,615		1,270,680
Unitil Corp.		9,248		259,776
UNS Energy Corp.		26,680		1,250,758
Vectren Corp.		52,827		1,814,079
WGL Holdings, Inc.		31,439		1,349,362
York Water Co.		8,287		158,116
				37,199,616
Total Common Stock
(Cost $1,040,640,146)				1,194,153,379
Other Investment Companies 0.0% of net assets
Equity Fund 0.0%
iShares Russell 2000 Index Fund		300		29,355
Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund		535,946		535,946
Total Other Investment Companies
(Cost $562,351)				565,301
Rights 0.0% of net assets
Pharmaceuticals, Biotechnology & Life Sciences 0.0%
Forest Laboratories, Inc. *(b)(c)		5,521		—
Total Rights
(Cost $—)				—
End of Investments
Collateral Invested for Securities on Loan 2.7% of net assets
State Street Institutional U.S. Government Money Market Fund		32,098,481		32,098,481
Total Collateral Invested for Securities on Loan
(Cost $32,098,481)				32,098,481
End of Collateral Invested for Securities on Loan

At 05/31/13, the tax basis cost of the fund’s investments was $1,043,173,540 and the unrealized appreciation and depreciation were $185,450,182 and ($33,905,042), respectively, with a net unrealized appreciation of $151,545,140.

*	Non-income producing security.
(a)	All or a portion of this security is on loan.
(b)	Fair-valued by management in accordance with procedures approved by the Board of Trustees.
(c)	Illiquid security. At the period end, the value of these amounted to $0 or 0.0% of net assets.

Reg’d —	Registered
REIT —	Real Estate Investment Trust

17

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions

18 

 Schwab U.S. Small-Cap ETF

Portfolio Holdings (Unaudited) continued

that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total
Common Stock1		$1,194,153,379		$—		$—		$1,194,153,379
Other Investment Companies1		565,301		—		—		565,301
Rights1		—		—		—		—
Total		$1,194,718,680		$—		$—		$1,194,718,680
Other Financial Instruments
Collateral Invested for Securities on Loan		$32,098,481		$—		$—		$32,098,481

¹ As categorized in Portfolio Holdings.

The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:

	Balance				Change in											Balance
	as of		Realized		Unrealized							Gross		Gross		as of
	August 31,		Gains		Gains			Gross		Gross		Transfers		Transfers		May 31,
Investments in Securities	2012		(Losses)		(Losses)			Purchases		Sales		in		out		2013
Rights		$47,346		$—		($47,346	)		$—		$—		$—		$—		$—
Total		$47,346		$—		($47,346	)		$—		$—		$—		$—		$—

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended May 31, 2013.

REG54091MAY13

19

Schwab Strategic Trust
Schwab U.S. Dividend Equity ETF™

Portfolio Holdings as of May 31, 2013 (Unaudited)

The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports.

				Cost		Value
Holdings by Category				($)		($)
	99	.7%	Common Stock		904,283,169		1,016,918,957
	0	.0%	Other Investment Companies		438,132		442,553
	99	.7%	Total Investments		904,721,301		1,017,361,510
	0	.3%	Other Assets and Liabilities, Net				3,003,165
	100	.0%	Net Assets				1,020,364,675

	Number		Value
Security	of Shares		($)
Common Stock 99.7% of net assets
Banks 0.0%
First Financial Bancorp		19,976		307,830
Capital Goods 15.3%
3M Co.		202,617		22,342,577
Eaton Corp. plc		150,715		9,956,233
Emerson Electric Co.		230,746		13,258,665
General Dynamics Corp.		105,818		8,158,568
Honeywell International, Inc.		250,224		19,632,575
Illinois Tool Works, Inc.		132,888		9,319,435
Lockheed Martin Corp.		85,679		9,067,409
Northrop Grumman Corp.		75,846		6,248,952
Raytheon Co.		103,992		6,930,027
Rockwell Automation, Inc.		44,408		3,908,792
The Boeing Co.		217,247		21,511,798
United Technologies Corp.		269,095		25,537,115
				155,872,146
Commercial & Professional Services 0.6%
Waste Management, Inc.		139,660		5,855,944
Consumer Durables & Apparel 1.0%
Garmin Ltd.		34,684		1,211,512
Hasbro, Inc.		36,359		1,617,248
Leggett & Platt, Inc.		45,255		1,448,160
Mattel, Inc.		109,474		4,898,962
Tupperware Brands Corp.		17,034		1,379,413
				10,555,295
Consumer Services 3.6%
Cracker Barrel Old Country Store, Inc.		7,468		668,087
Darden Restaurants, Inc.		40,986		2,123,075
H&R Block, Inc.		86,122		2,520,791
McDonald’s Corp.		320,160		30,917,851
				36,229,804
Diversified Financials 1.3%
Federated Investors, Inc., Class B		29,779		823,985
McGraw Hill Financial, Inc.		90,175		4,919,046
T. Rowe Price Group, Inc.		82,704		6,273,926
Waddell & Reed Financial, Inc., Class A		27,136		1,249,341
				13,266,298
Energy 12.2%
Chevron Corp.		361,890		44,421,997
ConocoPhillips		390,007		23,923,029
Diamond Offshore Drilling, Inc.		21,965		1,511,412
Exxon Mobil Corp.		483,413		43,734,374
HollyFrontier Corp.		64,595		3,197,453
RPC, Inc.		22,541		283,791
The Williams Cos., Inc.		217,199		7,641,061
				124,713,117
Food & Staples Retailing 5.8%
Sysco Corp.		186,590		6,306,742
Wal-Mart Stores, Inc.		533,561		39,931,705
Walgreen Co.		274,912		13,129,797
				59,368,244
Food, Beverage & Tobacco 14.0%
Altria Group, Inc.		641,261		23,149,522
Campbell Soup Co.		56,799		2,431,565
ConAgra Foods, Inc.		132,869		4,476,357
Flowers Foods, Inc.		36,380		1,214,001
General Mills, Inc.		206,893		9,740,523
H.J. Heinz Co.		102,673		7,429,418
Kellogg Co.		79,717		4,946,440
PepsiCo, Inc.		492,491		39,778,498
Reynolds American, Inc.		102,892		4,950,134
The Coca-Cola Co.		1,096,680		43,856,233
Universal Corp.		7,410		434,448
				142,407,139
Health Care Equipment & Services 3.5%
Baxter International, Inc.		173,918		12,231,653
Becton, Dickinson & Co.		62,014		6,115,821
Medtronic, Inc.		323,081		16,480,362
Meridian Bioscience, Inc.		14,191		306,667
Owens & Minor, Inc.		20,076		686,198
				35,820,701

1

 Schwab U.S. Dividend Equity ETF

Portfolio Holdings (Unaudited) continued

	Number		Value
Security	of Shares		($)
Household & Personal Products 7.0%
Colgate-Palmolive Co.		280,954		16,250,380
Kimberly-Clark Corp.		123,851		11,992,492
The Procter & Gamble Co.		557,400		42,786,024
				71,028,896
Insurance 1.3%
Aflac, Inc.		149,103		8,303,546
Arthur J. Gallagher & Co.		40,019		1,748,030
Erie Indemnity Co., Class A		8,433		640,149
Mercury General Corp.		11,464		513,358
PartnerRe Ltd.		19,409		1,759,426
				12,964,509
Materials 3.2%
Air Products & Chemicals, Inc.		66,549		6,282,891
E.I. du Pont de Nemours & Co.		298,389		16,647,122
Greif, Inc., Class A		10,213		532,097
International Paper Co.		140,751		6,495,659
RPM International, Inc.		42,031		1,392,487
Schweitzer-Mauduit International, Inc.		9,924		476,948
Sonoco Products Co.		32,011		1,121,025
				32,948,229
Media 0.2%
Gannett Co., Inc.		72,902		1,567,393
Meredith Corp.		12,055		494,014
				2,061,407
Pharmaceuticals, Biotechnology & Life Sciences 8.6%
Bristol-Myers Squibb Co.		523,121		24,068,797
Eli Lilly & Co.		318,354		16,923,699
Johnson & Johnson		551,759		46,447,072
				87,439,568
Retailing 4.4%
Genuine Parts Co.		49,325		3,834,525
L Brands, Inc.		76,552		3,828,366
The Home Depot, Inc.		477,213		37,537,575
				45,200,466
Semiconductors & Semiconductor Equipment 6.2%
Analog Devices, Inc.		97,432		4,475,052
Intel Corp.		1,578,091		38,316,049
Linear Technology Corp.		73,821		2,768,287
Maxim Integrated Products, Inc.		92,888		2,739,267
Microchip Technology, Inc.		61,927		2,259,097
Texas Instruments, Inc.		353,039		12,670,570
				63,228,322
Software & Services 6.9%
Automatic Data Processing, Inc.		154,461		10,614,560
CA, Inc.		105,598		2,883,882
Microsoft Corp.		1,524,049		53,158,829
Paychex, Inc.		103,049		3,836,514
				70,493,785
Technology Hardware & Equipment 0.3%
Harris Corp.		35,816		1,795,456
Molex, Inc.		43,885		1,287,586
MTS Systems Corp.		5,012		302,524
				3,385,566
Telecommunication Services 0.7%
CenturyLink, Inc.		199,078		6,798,514
Transportation 1.8%
C.H. Robinson Worldwide, Inc.		51,137		2,898,956
CSX Corp.		324,936		8,191,637
Norfolk Southern Corp.		100,757		7,716,979
				18,807,572
Utilities 1.8%
CenterPoint Energy, Inc.		135,665		3,144,715
Entergy Corp.		56,580		3,897,230
New Jersey Resources Corp.		13,316		604,280
PPL Corp.		185,472		5,508,518
Questar Corp.		55,533		1,350,007
WGL Holdings, Inc.		16,166		693,845
Wisconsin Energy Corp.		72,703		2,967,010
				18,165,605
Total Common Stock
(Cost $904,283,169)				1,016,918,957
Other Investment Companies 0.0% of net assets
Equity Fund 0.0%
Vanguard Dividend Appreciation ETF		1,000		67,560
Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund		374,993		374,993
Total Other Investment Companies
(Cost $438,132)				442,553
End of Investments

At 05/31/13, the tax basis cost of the fund’s investments was $904,837,581 and the unrealized appreciation and depreciation were $113,785,244 and ($1,261,315), respectively, with a net unrealized appreciation of $112,523,929.

ETF — Exchange Traded Fund

2 

 Schwab U.S. Dividend Equity ETF

Portfolio Holdings (Unaudited) continued

Under procedures approved by the fund’s Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

The fund values the securities in its portfolio every business day. The fund uses the following policies to value various types of securities:

•  Securities traded on an exchange or over-the-counter: Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at halfway between the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

•  Securities for which no quoted value is available: The Board has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security when it is de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. The fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the fund pursuant to the valuation procedures.

•  Short-term securities (60 days or less to maturity): Short-term securities are valued at amortized cost, which approximates market value.

•  Underlying funds: Mutual funds are valued at their respective net asset values. Exchange traded funds (ETFs) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If the fund determines that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

•  Level 1 — quoted prices in active markets for identical securities — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in mutual funds are valued daily at their NAVs, which are classified as Level 1 prices.

•  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations. As investments whose values are classified as Level 2 prices include positions

3

 Schwab U.S. Dividend Equity ETF

Portfolio Holdings (Unaudited) continued

that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information.

•  Level 3 — significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the fund uses one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the fund in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the fund in the absence of market information. Assumptions used by the fund due to the lack of observable inputs may significantly impact the resulting fair value and therefore the fund’s results of operations.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the fund’s investments as of May 31, 2013:

	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total2
Common Stock1		$1,016,918,957		$—		$—		$1,016,918,957
Other Investment Companies1		442,553		—		—		442,553
Total		$1,017,361,510		$—		$—		$1,017,361,510

1	As categorized in Portfolio Holdings.
2	The fund had no Other Financial Instruments.

The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended May 31, 2013.

REG65852MAY13

4 

Item 2. Controls and Procedures.

(a)

Based on their evaluation of Registrant’s disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant’s Chief Executive Officer, Marie Chandoha and Registrant’s Principal Financial Officer, George Pereira, have concluded that Registrant’s disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant’s officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above.

(b)

During Registrant’s last fiscal quarter, there have been no changes in Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant’s internal control over financial reporting.

Item 3. Exhibits.

Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)), are attached.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Schwab Strategic Trust
By:	/s/ Marie Chandoha
	Marie Chandoha
	Chief Executive Officer
Date:	July 25, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/ Marie Chandoha
	Marie Chandoha
	Chief Executive Officer
Date:	July 25, 2013
By:	/s/ George Pereira
	George Pereira
	Principal Financial Officer
Date:	July 25, 2013