nvq

Schwab Strategic Trust
Schwab U.S. TIPS ETF™

Portfolio Holdings as of September 30, 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.

For fixed rate obligations, the rate shown is the interest rate (the rate established when the obligation was issued). For variable-rate obligations, the rate shown is the rate as of the report date. The maturity date shown for all the securities is the final legal maturity.

Cost

Value

Holdings by Category

($)

.5%

U.S. Government Securities

429,062,770

414,587,414

.1%

Other Investment Company

272,544

.6%

Total Investments

429,335,314

414,859,958

.4%

Other Assets and
Liabilities, Net

1,602,916

100

.0%

Net Assets

416,462,874


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

U.S. Government Securities 99.5% of net assets

U.S. Treasury Obligations 99.5%


U.S. Treasury Inflation Protected Securities
1.63%, 01/15/15		11,634,052		12,034,031
0.50%, 04/15/15		11,457,968		11,712,220
1.88%, 07/15/15		10,219,909		10,791,610
2.00%, 01/15/16		10,015,583		10,715,071
0.13%, 04/15/16		20,128,483		20,663,095
2.50%, 07/15/16		9,797,078		10,816,562
2.38%, 01/15/17		8,502,067		9,434,658
0.13%, 04/15/17		22,656,750		23,379,047
2.63%, 07/15/17		7,280,870		8,270,632
1.63%, 01/15/18		7,693,636		8,461,768
0.13%, 04/15/18		17,158,624		17,684,021
1.38%, 07/15/18		7,582,748		8,335,108
2.13%, 01/15/19		7,061,119		8,021,008
1.88%, 07/15/19		8,019,165		9,085,474
1.38%, 01/15/20		9,732,781		10,681,727
1.25%, 07/15/20		14,952,693		16,370,807
1.13%, 01/15/21		17,106,794		18,427,268
0.63%, 07/15/21		18,158,073		18,915,628
0.13%, 01/15/22		20,042,796		19,798,475
0.13%, 07/15/22		20,671,117		20,373,866
0.13%, 01/15/23		20,766,234		20,204,922
0.38%, 07/15/23		14,072,779		14,006,778
2.38%, 01/15/25		13,284,647		15,871,035
2.00%, 01/15/26		9,674,277		11,173,790
2.38%, 01/15/27		7,783,905		9,377,193
1.75%, 01/15/28		7,805,135		8,749,088
3.63%, 04/15/28		7,452,329		10,307,465
2.50%, 01/15/29		7,518,076		9,247,234
3.88%, 04/15/29		8,483,010		12,169,132
3.38%, 04/15/32		3,026,843		4,239,941
2.13%, 02/15/40		4,431,072		5,252,194
2.13%, 02/15/41		5,674,737		6,729,897
0.75%, 02/15/42		9,779,556		8,381,373
0.63%, 02/15/43		5,974,126		4,905,296

Total U.S. Government Securities
(Cost $429,062,770)				414,587,414



	Number		Value
Security	of Shares		($)

Other Investment Company 0.1% of net assets

Money Market Fund 0.1%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (a)		272,544		272,544

Total Other Investment Company
(Cost $272,544)				272,544



End of Investments

At 09/30/13, the tax basis cost of the fund’s investments was $429,824,543 and the unrealized appreciation and depreciation were $36,051 and ($15,000,636), respectively, with a net unrealized depreciation of ($14,964,585).


(a)		The rate shown is the 7-day yield.

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.

Schwab U.S. TIPS 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:


	•	Bonds and notes: Bonds and notes are valued at halfway between the most recent bid and ask 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.

	•	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, the 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 (“NAVs”). 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 NAV, 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 assumption 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

Schwab U.S. TIPS ETF

Portfolio Holdings (Unaudited) continued


		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 September 30, 2013:

Quoted Prices in

Significant

Active Markets for

Significant Other

Unobservable

Identical Assets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total

U.S. Government Securities¹

$—

$414,587,414

$—

$414,587,414

Other Investment Company¹

272,544

—

272,544

Total

$272,544

$414,587,414

$—

$414,859,958


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 September 30, 2013.

REG59499SEP13

Schwab Strategic Trust
Schwab Short-Term U.S. Treasury ETF™

Portfolio Holdings as of September 30, 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

($)

.0%

U.S. Government Securities

434,822,057

435,546,801

.6%

Other Investment Company

2,568,130

.6%

Total Investments

437,390,187

438,114,931

.4%

Other Assets and
Liabilities, Net

1,644,633

100

.0%

Net Assets

439,759,564


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

U.S. Government Securities 99.0% of net assets

U.S. Treasury Obligations 99.0%


U.S. Treasury Notes
0.50%, 10/15/14		5,076,000		5,095,730
0.38%, 11/15/14		21,327,000		21,382,408
4.25%, 11/15/14		4,702,000		4,918,273
0.25%, 12/15/14		7,145,000		7,153,231
0.25%, 01/15/15		7,777,000		7,784,901
0.25%, 02/15/15		16,426,000		16,439,469
4.00%, 02/15/15		17,661,000		18,580,608
2.38%, 02/28/15		16,879,000		17,396,915
2.50%, 03/31/15		21,141,000		21,861,950
0.38%, 04/15/15		18,561,000		18,602,335
0.13%, 04/30/15		8,392,000		8,377,087
4.13%, 05/15/15		8,392,000		8,918,791
0.25%, 05/31/15		21,278,000		21,275,085
2.13%, 05/31/15		25,933,000		26,737,831
0.38%, 06/15/15		9,069,000		9,085,651
1.88%, 06/30/15		10,807,000		11,107,359
0.25%, 07/15/15		5,576,000		5,572,298
1.75%, 07/31/15		9,360,000		9,608,443
0.25%, 08/15/15		8,299,000		8,291,216
1.25%, 08/31/15		10,986,000		11,183,616
1.25%, 09/30/15		10,650,000		10,846,780
1.25%, 10/31/15		5,986,000		6,097,537
4.50%, 11/15/15		5,986,000		6,510,242
0.25%, 12/15/15		9,595,000		9,568,019
2.13%, 12/31/15		591,000		613,970
0.38%, 01/15/16		15,368,000		15,358,994
2.00%, 01/31/16		1,783,000		1,848,679
0.38%, 02/15/16		10,721,000		10,710,526
2.63%, 02/29/16		1,002,000		1,054,761
0.38%, 03/15/16		9,595,000		9,578,132
2.38%, 03/31/16		372,000		389,728
0.25%, 04/15/16		18,466,000		18,362,129
2.63%, 04/30/16		7,189,000		7,582,713
0.25%, 05/15/16		2,311,000		2,295,925
1.75%, 05/31/16		8,453,000		8,725,085
1.50%, 06/30/16		4,585,000		4,702,491
3.25%, 06/30/16		15,581,000		16,727,668
1.50%, 07/31/16		6,720,000		6,890,628
3.25%, 07/31/16		5,576,000		5,994,635
3.00%, 08/31/16		16,615,000		17,754,689
1.00%, 09/30/16		7,000,000		7,073,283
3.00%, 09/30/16		7,000,000		7,486,990

Total U.S. Government Securities
(Cost $434,822,057)				435,546,801



	Number		Value
Security	of Shares		($)

Other Investment Company 0.6% of net assets

Money Market Funds 0.6%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (a)		2,568,130		2,568,130

Total Other Investment Company
(Cost $2,568,130)				2,568,130



End of Investments

At 9/30/13, the tax basis cost of the fund’s investments was $437,390,796 and the unrealized appreciation and depreciation were $724,303 and ($168), respectively, with a net unrealized appreciation $724,135.


(a)		The rate shown is the 7-day yield.

Schwab Short-Term U.S. Treasury 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:


	•	Bonds and notes: Bonds and notes are valued at halfway between the most recent bid and ask 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.

	•	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, the 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 (“NAVs”). 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.

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 NAV, 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 assumption 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

Schwab Short-Term U.S. Treasury ETF

Portfolio Holdings (Unaudited) continued


		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.

Quoted Prices in

Significant

Active Markets for

Significant Other

Unobservable

Identical Assets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total

U.S. Government Securities¹

$—

$435,546,801

$—

$435,546,801

Other Investment Company¹

2,568,130

—

2,568,130

Total

$2,568,130

$435,546,801

$—

$438,114,931


¹		As categorized in Portfolio Holdings.

REG59498SEP13

Schwab Strategic Trust
Schwab Intermediate-Term U.S. Treasury ETF™

Portfolio Holdings as of September 30, 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

($)

.3%

U.S. Government Securities

306,472,774

304,300,601

.3%

Other Investment Company

742,384

.6%

Total Investments

307,215,158

305,042,985

.4%

Other Assets and
Liabilities, Net

1,286,948

100

.0%

Net Assets

306,329,933


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

U.S. Government Securities 99.3% of net assets

U.S. Treasury Obligations 99.3%


U.S. Treasury Bonds
8.50%, 02/15/20		844,000		1,188,392
8.75%, 05/15/20		619,000		887,975
8.75%, 08/15/20		2,830,000		4,087,140


U.S. Treasury Notes
3.00%, 09/30/16		35,000		37,435
3.13%, 10/31/16		3,822,000		4,105,665
2.75%, 11/30/16		8,583,000		9,126,141
3.25%, 12/31/16		704,000		760,375
3.13%, 01/31/17		5,863,000		6,314,175
3.00%, 02/28/17		5,390,000		5,786,461
3.25%, 03/31/17		7,480,000		8,097,683
0.88%, 04/30/17		8,171,000		8,164,937
3.13%, 04/30/17		2,917,000		3,148,082
0.63%, 05/31/17		3,550,000		3,510,616
2.75%, 05/31/17		5,016,000		5,349,092
2.50%, 06/30/17		7,021,000		7,423,612
2.38%, 07/31/17		2,702,000		2,841,745
4.75%, 08/15/17		10,121,000		11,571,542
1.88%, 09/30/17		1,106,000		1,141,426
1.88%, 10/31/17		1,570,000		1,619,307
4.25%, 11/15/17		5,713,000		6,443,190
0.63%, 11/30/17		6,915,000		6,774,543
2.25%, 11/30/17		2,711,000		2,835,749
0.75%, 12/31/17		11,085,000		10,897,941
3.50%, 02/15/18		4,787,000		5,259,903
0.75%, 02/28/18		10,024,000		9,830,567
2.75%, 02/28/18		7,948,000		8,483,250
0.63%, 04/30/18		605,000		588,126
1.38%, 06/30/18		2,320,000		2,326,252
1.38%, 07/31/18		7,070,000		7,082,981
4.00%, 08/15/18		11,747,000		13,249,336
1.38%, 09/30/18		4,095,000		4,092,281
3.75%, 11/15/18		5,456,000		6,088,770
1.38%, 12/31/18		1,408,000		1,401,399
2.75%, 02/15/19		1,208,000		1,285,671
1.38%, 02/28/19		3,155,000		3,130,845
3.13%, 05/15/19		4,637,000		5,025,530
1.00%, 06/30/19		9,305,000		8,969,145
0.88%, 07/31/19		4,770,000		4,554,606
3.63%, 08/15/19		5,575,000		6,189,337
3.38%, 11/15/19		4,176,000		4,581,690
1.00%, 11/30/19		3,016,000		2,877,216
1.13%, 12/31/19		4,471,000		4,287,269
3.63%, 02/15/20		3,407,000		3,785,630
1.25%, 02/29/20		7,364,000		7,088,999
3.50%, 05/15/20		4,101,000		4,523,756
1.38%, 05/31/20		5,959,000		5,750,667
2.63%, 08/15/20		7,660,000		7,996,021
2.63%, 11/15/20		4,355,000		4,530,389
3.63%, 02/15/21		5,275,000		5,837,737
3.13%, 05/15/21		6,558,000		7,010,397
2.13%, 08/15/21		3,206,000		3,180,451
2.00%, 11/15/21		6,088,000		5,952,445
2.00%, 02/15/22		5,046,000		4,906,251
1.75%, 05/15/22		5,750,000		5,447,004
1.63%, 08/15/22		4,950,000		4,612,009
1.63%, 11/15/22		880,000		814,894
2.00%, 02/15/23		13,022,000		12,404,471
1.75%, 05/15/23		7,834,000		7,260,222
2.50%, 08/15/23		1,800,000		1,781,860

Total U.S. Government Securities
(Cost $306,472,774)				304,300,601



	Number		Value
Security	of Shares		($)

Other Investment Company 0.3% of net assets

Money Market Fund 0.3%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (a)		742,384		742,384

Total Other Investment Company
(Cost $742,384)				742,384



End of Investments

At 09/30/13, the tax basis cost of the fund’s investments was $307,249,416 and the unrealized appreciation and depreciation were $286,257, and ($2,492,688), respectively, with a net unrealized depreciation ($2,206,431).

Schwab Intermediate-Term U.S. Treasury ETF

Portfolio Holdings (Unaudited) continued


(a)		The rate shown is the 7-day yield.

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


	•	Bonds and notes: Bonds and notes are valued at halfway between the most recent bid and ask 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.

	•	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, the 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 (“NAVs”). 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.

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 NAV, 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

Schwab Intermediate-Term U.S. Treasury ETF

Portfolio Holdings (Unaudited) continued


		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 assumption 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.

Quoted Prices in

Significant

Active Markets for

Significant Other

Unobservable

Identical Assets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total

U.S. Government Securities¹

$—

$304,300,601

$—

$304,300,601

Other Investment Company¹

742,384

—

742,384

Total

$742,384

$304,300,601

$—

$305,042,985


¹		As categorized in Portfolio Holdings.

REG59500SEP13

Schwab Strategic Trust
Schwab U.S. Aggregate Bond ETF™

Portfolio Holdings as of September 30, 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				($)		($)

	0	.5%	Asset-Backed Obligations		2,120,234		2,117,520
	1	.6%	Commercial Mortgage-Backed Securities		7,529,875		7,469,062
	21	.8%	Corporate Bonds		100,404,605		98,495,454
	5	.0%	Foreign Securities		22,856,878		22,387,734
	29	.4%	Mortgage-Backed Securities		133,024,333		132,765,623
	0	.9%	Municipal Bonds		4,440,860		4,106,410
	40	.3%	U.S. Government and Government Agencies		184,698,780		181,928,513
	0	.9%	Other Investment Company		4,126,721		4,126,721
	3	.6%	Short-Term Investments		16,299,926		16,299,903


	104	.0%	Total Investments		475,502,212		469,696,940
	(4	.0)%	Other Assets and Liabilities, Net				(18,026,133	)


	100	.0%	Net Assets				451,670,807


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

Asset-Backed Obligations 0.5% of net assets


Chase Issuance Trust
Series 2012-A3 Class A3
0.79%, 06/15/17 (b)		300,000		301,114
Series 2007-A3 Class A3
5.23%, 04/15/19 (b)		100,000		113,221
Citibank Credit Card Issuance Trust
Series 2005-A2 Class A2
4.85%, 03/10/17 (b)		100,000		106,258
Series 2003-A7 Class A7
4.15%, 07/07/17 (b)		100,000		106,269
Series 2006-A3 Class A3
5.30%, 03/15/18 (b)		150,000		166,145
Series 2007-A8, Class A8
5.65%, 09/20/19 (b)		500,000		578,407
Ford Credit Auto Owner Trust
Series 2012-B Class A4
1.00%, 09/15/17 (b)		200,000		201,052
Honda Auto Receivables Owner Trust
Series 2011-3 Class A3
0.88%, 09/21/15 (b)		144,298		144,610
Series 2012-4, Class A3
0.52%, 08/18/16 (b)		300,000		300,184
Nissan Auto Receivables Owner Trust
Series 2012-A Class A3
0.73%, 05/16/16 (b)		100,000		100,260

Total Asset-Backed Obligations
(Cost $2,120,234)				2,117,520




Commercial Mortgage-Backed Securities 1.6% of net assets


Banc of America Commercial Mortgage Trust
Series 2007-4 Class A4
5.93%, 02/10/51 (a)(b)		220,000		246,388
Banc of America Merrill Lynch Commercial Mortgage, Inc.
Series 2005-4 Class A5A
4.93%, 07/10/45 (b)		361,000		381,917
Bear Stearns Commercial Mortgage Securities
Series 2005-PW10 Class A4
5.41%, 12/11/40 (a)(b)		300,000		320,740
Bear Stearns Commercial Mortgage Securities
Series 2005-PWR8 Class A4
4.67%, 06/11/41 (b)		198,302		207,759
Bear Stearns Commercial Mortgage Securities
Series 2006-T24, Class A4
5.54%, 10/12/41 (b)		635,000		700,173
Bear Stearns Commercial Mortgage Securities
Series 2007-T28 Class A4
5.74%, 09/11/42 (a)(b)		560,000		636,304
Bear Stearns Commercial Mortgage Securities
Series 2007-T26 Class A4
5.47%, 01/12/45 (a)(b)		440,000		491,835
Credit Suisse First Boston Mortgage Securities Corp.
Series 2004-C5 Class A4
4.83%, 11/15/37 (b)		200,000		206,951
Credit Suisse First Boston Mortgage Securities Corp.
Series 2005-C1 Class A4
5.01%, 02/15/38 (a)(b)		644,602		667,693
Credit Suisse Mortgage Capital Certificates
Series 2007-C5 Class A3
5.69%, 09/15/40 (a)(b)		200,000		204,016
Greenwich Capital Commercial Funding Corp.
Series 2007-GG9 Class A4
5.44%, 03/10/39 (b)		415,000		459,895
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2005-CB11 Class A4
5.34%, 08/12/37 (a)(b)		296,991		310,800
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2004-CB8 Class A4
4.40%, 01/12/39 (b)		277,183		278,288

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2005-LDP4 Class A4
4.92%, 10/15/42 (a)(b)		198,832		210,726
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2005-LDP5 Class A4
5.37%, 12/15/44 (a)(b)		200,000		214,562
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2007-LD12 Class ASB
5.83%, 02/15/51 (a)(b)		136,305		147,307
LB-UBS Commercial Mortgage Trust
Series 2004-C4 Class A4
5.71%, 06/15/29 (a)(b)		200,000		203,299
LB-UBS Commercial Mortgage Trust
Series 2005-C5 Class A4
4.95%, 09/15/30 (b)		300,000		317,014
LB-UBS Commercial Mortgage Trust
Series 2005-C7 Class A4
5.20%, 11/15/30 (a)(b)		200,000		212,987
Wachovia Bank Commercial Mortgage Trust
Series 2004-C11 Class A5
5.22%, 01/15/41 (a)(b)		209,656		211,705
Wachovia Bank Commercial Mortgage Trust
Series 2005-C21 Class A4
5.41%, 10/15/44 (a)(b)		172,196		183,264
Wachovia Bank Commercial Mortgage Trust
Series 2006-C23 Class A5
5.42%, 01/15/45 (a)(b)		400,000		435,075
Wachovia Bank Commercial Mortgage Trust
Series 2006-C29, Class A4
5.31%, 11/15/48 (b)		200,000		220,364

Total Commercial Mortgage-Backed Securities
(Cost $7,529,875)				7,469,062




Corporate Bonds 21.8% of net assets

Finance 7.2%


Banking 4.6%
Abbey National Treasury Services PLC
4.00%, 04/27/16		100,000		106,326
3.05%, 08/23/18		150,000		152,562
American Express Co.
8.13%, 05/20/19		250,000		325,338
American Express Credit Corp.
2.80%, 09/19/16		100,000		104,704
2.38%, 03/24/17		200,000		206,559
Bank of America Corp.
1.50%, 10/09/15		100,000		100,597
5.25%, 12/01/15		600,000		645,664
3.63%, 03/17/16		650,000		683,999
5.75%, 08/15/16		100,000		110,486
5.65%, 05/01/18		600,000		677,806
5.00%, 05/13/21		150,000		161,361
3.30%, 01/11/23		200,000		187,720
5.88%, 02/07/42		100,000		111,431
Bank of New York Mellon Corp.
2.50%, 01/15/16		250,000		258,622
2.30%, 07/28/16		100,000		103,551
Bank of Nova Scotia
1.38%, 07/15/16		200,000		201,509
Bank of Tokyo-Mitsubishi UFJ Ltd.
2.35%, 02/23/17		100,000		101,950
Barclays Bank PLC
3.90%, 04/07/15		100,000		104,478
5.00%, 09/22/16		100,000		110,438
5.14%, 10/14/20		200,000		209,205
BB&T Corp.
3.95%, 03/22/22 (b)		100,000		99,840
Bear Stearns Cos. LLC
5.70%, 11/15/14		350,000		369,551
BNP Paribas
5.00%, 01/15/21		200,000		216,692
Capital One Financial Corp.
2.15%, 03/23/15		150,000		152,471
3.15%, 07/15/16		150,000		156,809
4.75%, 07/15/21		150,000		158,974
Citigroup, Inc.
4.75%, 05/19/15		48,000		50,819
3.95%, 06/15/16		550,000		585,878
1.70%, 07/25/16		150,000		150,785
4.45%, 01/10/17		200,000		216,719
6.13%, 11/21/17		300,000		345,313
5.38%, 08/09/20		450,000		504,109
4.05%, 07/30/22		250,000		243,249
3.38%, 03/01/23		200,000		190,692
6.88%, 03/05/38		25,000		31,006
6.68%, 09/13/43		50,000		54,026
Credit Suisse USA, Inc.
4.88%, 01/15/15		300,000		317,093
Deutsche Bank AG
3.25%, 01/11/16		150,000		157,462
Fifth Third Bancorp
5.45%, 01/15/17		100,000		110,088
Goldman Sachs Capital I
6.35%, 02/15/34		100,000		97,082
Goldman Sachs Group, Inc.
5.63%, 01/15/17		500,000		551,189
5.95%, 01/18/18		200,000		226,298
2.38%, 01/22/18		300,000		298,175
6.15%, 04/01/18		150,000		171,733
5.38%, 03/15/20		250,000		275,755
5.25%, 07/27/21		100,000		108,089
5.75%, 01/24/22		100,000		111,050
6.13%, 02/15/33		80,000		87,547
6.75%, 10/01/37		100,000		104,679
6.25%, 02/01/41		75,000		84,314
HSBC Holdings PLC
5.10%, 04/05/21		350,000		386,143
HSBC USA, Inc.
5.00%, 09/27/20		164,000		176,051
JPMorgan Chase & Co.
1.10%, 10/15/15		500,000		501,208
2.60%, 01/15/16		250,000		258,380
6.00%, 01/15/18		250,000		287,355
6.30%, 04/23/19		450,000		527,860
6.40%, 05/15/38		300,000		354,931
5.40%, 01/06/42		150,000		158,383
Lloyds TSB Bank PLC
4.20%, 03/28/17		200,000		214,238
6.38%, 01/21/21		300,000		350,026
Manufacturers & Traders Trust Co.
5.63%, 12/01/21 (a)(b)		250,000		257,750

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
Merrill Lynch & Co., Inc.
6.88%, 04/25/18		200,000		235,936
7.75%, 05/14/38		100,000		124,202
Morgan Stanley
1.75%, 02/25/16		500,000		502,705
5.45%, 01/09/17		200,000		220,409
5.95%, 12/28/17		250,000		283,113
6.63%, 04/01/18		200,000		232,421
7.30%, 05/13/19		200,000		239,591
3.75%, 02/25/23		500,000		482,959
7.25%, 04/01/32		100,000		122,850
6.38%, 07/24/42		100,000		113,565
PNC Funding Corp.
3.63%, 02/08/15		160,000		166,154
5.63%, 02/01/17		75,000		83,671
Rabobank Nederland
3.95%, 11/09/22		200,000		192,255
Regions Financial Corp.
2.00%, 05/15/18 (b)		150,000		145,758
Royal Bank of Canada
2.63%, 12/15/15		225,000		233,837
Royal Bank of Scotland Group PLC
6.40%, 10/21/19		200,000		228,857
Royal Bank of Scotland PLC
4.38%, 03/16/16		350,000		373,889
Santander Holdings USA, Inc.
4.63%, 04/19/16		50,000		53,011
Svenska Handelsbanken AB
2.88%, 04/04/17		250,000		260,428
UBS AG
5.88%, 12/20/17		100,000		115,561
5.75%, 04/25/18		100,000		115,491
US Bancorp
3.00%, 03/15/22 (b)		100,000		97,714
Wachovia Corp.
5.75%, 06/15/17		350,000		402,862
5.75%, 02/01/18		500,000		578,143
5.50%, 08/01/35		250,000		258,145
Wells Fargo & Co.
5.63%, 12/11/17		150,000		172,492
3.45%, 02/13/23		250,000		234,451
Westpac Banking Corp.
4.88%, 11/19/19		200,000		224,115

				20,858,703


Brokerage 0.2%
BlackRock, Inc.
5.00%, 12/10/19		200,000		227,202
Jefferies Group, Inc.
3.88%, 11/09/15		300,000		313,750
5.50%, 03/15/16		100,000		108,500
Nomura Holdings, Inc.
5.00%, 03/04/15		100,000		105,114
6.70%, 03/04/20		15,000		17,179

				771,745


Finance Company 0.6%
General Electric Capital Corp.
5.00%, 01/08/16		75,000		81,541
1.50%, 07/12/16		250,000		251,843
1.63%, 04/02/18		250,000		246,363
6.00%, 08/07/19		100,000		116,524
4.38%, 09/16/20		300,000		319,651
6.75%, 03/15/32		250,000		299,036
6.15%, 08/07/37		150,000		170,519
5.88%, 01/14/38		450,000		498,415
6.88%, 01/10/39		100,000		122,960
6.38%, 11/15/67 (a)(b)		250,000		267,812
HSBC Finance Corp.
5.50%, 01/19/16		100,000		109,369
6.68%, 01/15/21		150,000		171,545

				2,655,578


Insurance 1.2%
ACE INA Holdings, Inc.
2.70%, 03/13/23		150,000		141,086
Aetna, Inc.
3.95%, 09/01/20		100,000		104,538
Allstate Corp.
4.50%, 06/15/43		300,000		291,975
American International Group, Inc.
2.38%, 08/24/15		100,000		102,229
4.88%, 09/15/16		150,000		164,423
5.60%, 10/18/16		200,000		223,643
5.85%, 01/16/18		40,000		45,570
6.40%, 12/15/20		300,000		354,045
Berkshire Hathaway Finance Corp.
4.25%, 01/15/21		300,000		321,675
5.75%, 01/15/40		100,000		111,258
Berkshire Hathaway, Inc.
3.20%, 02/11/15		140,000		145,178
Chubb Corp.
6.00%, 05/11/37		250,000		298,167
Cigna Corp.
4.00%, 02/15/22 (b)		150,000		153,424
5.88%, 03/15/41 (b)		50,000		56,356
5.38%, 02/15/42 (b)		300,000		316,010
CNA Financial Corp.
7.35%, 11/15/19		250,000		305,041
Genworth Financial, Inc.
7.63%, 09/24/21		200,000		236,746
Genworth Holdings, Inc.
6.50%, 06/15/34		200,000		212,924
Hartford Financial Services Group, Inc.
5.95%, 10/15/36		100,000		112,435
4.30%, 04/15/43		150,000		132,892
ING US, Inc.
2.90%, 02/15/18 (c)		300,000		301,531
5.70%, 07/15/43 (c)		100,000		99,610
Lincoln National Corp.
4.00%, 09/01/23		150,000		149,600
MetLife, Inc.
5.70%, 06/15/35		100,000		111,080
Prudential Financial, Inc.
4.50%, 11/16/21		100,000		106,922
Travelers Cos., Inc.
5.90%, 06/02/19		160,000		190,844
6.25%, 06/15/37		70,000		85,667
UnitedHealth Group, Inc.
0.85%, 10/15/15		50,000		50,151
1.40%, 10/15/17		50,000		49,409
6.00%, 02/15/18		150,000		175,002
WellPoint, Inc.
5.25%, 01/15/16		150,000		163,858

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
2.30%, 07/15/18		100,000		100,159

				5,413,448


Other Financial 0.0%
CME Group, Inc.
3.00%, 09/15/22		200,000		190,262

				190,262


Real Estate Investment Trust 0.6%
Boston Properties LP
3.80%, 02/01/24 (b)		200,000		192,647
Digital Realty Trust LP
5.88%, 02/01/20		250,000		275,341
5.25%, 03/15/21 (b)		100,000		105,268
Duke Realty LP
7.38%, 02/15/15		125,000		134,966
HCP, Inc.
6.70%, 01/30/18		100,000		116,555
5.38%, 02/01/21 (b)		150,000		163,450
Health Care REIT, Inc.
4.13%, 04/01/19 (b)		300,000		316,348
Kilroy Realty LP
3.80%, 01/15/23 (b)		250,000		235,153
ProLogis LP
6.63%, 05/15/18		50,000		58,523
4.25%, 08/15/23 (b)		200,000		199,318
Simon Property Group LP
6.13%, 05/30/18		150,000		176,111
5.65%, 02/01/20 (b)		102,000		116,537
Ventas Realty LP
4.25%, 03/01/22 (b)		200,000		202,310
3.25%, 08/15/22 (b)		250,000		233,973

				2,526,500

				32,416,236

Industrial 12.2%


Basic Industry 1.2%
Airgas, Inc.
1.65%, 02/15/18 (b)		150,000		146,003
Alcoa, Inc.
5.55%, 02/01/17		250,000		268,520
Barrick Gold Corp.
2.90%, 05/30/16		100,000		101,333
2.50%, 05/01/18 (c)		300,000		286,370
4.10%, 05/01/23 (c)		100,000		88,229
Barrick North America Finance LLC
5.75%, 05/01/43 (c)		100,000		84,178
BHP Billiton Finance USA Ltd.
1.13%, 11/21/14		200,000		201,752
3.25%, 11/21/21		100,000		99,416
CF Industries, Inc.
7.13%, 05/01/20		100,000		117,394
Cliffs Natural Resources, Inc.
3.95%, 01/15/18		100,000		100,526
6.25%, 10/01/40		50,000		41,922
Domtar Corp.
10.75%, 06/01/17		100,000		125,624
Dow Chemical Co.
2.50%, 02/15/16		200,000		206,694
8.55%, 05/15/19		225,000		287,292
5.25%, 11/15/41 (b)		100,000		98,449
Eastman Chemical Co.
3.60%, 08/15/22 (b)		350,000		341,098
EI du Pont de Nemours & Co.
5.75%, 03/15/19		200,000		232,540
Freeport-McMoRan Copper & Gold, Inc.
1.40%, 02/13/15		300,000		300,889
5.45%, 03/15/43 (b)(c)		100,000		89,941
International Paper Co.
7.95%, 06/15/18		100,000		124,248
7.50%, 08/15/21		250,000		308,118
LYB International Finance BV
4.00%, 07/15/23		100,000		99,337
5.52%, 07/15/43		350,000		345,458
Monsanto Co.
2.20%, 07/15/22 (b)		100,000		92,087
Newmont Mining Corp.
3.50%, 03/15/22 (b)		150,000		131,402
Potash Corp. of Saskatchewan, Inc.
5.88%, 12/01/36		100,000		109,206
Rio Tinto Finance USA Ltd.
1.88%, 11/02/15		170,000		172,598
6.50%, 07/15/18		100,000		118,049
Rio Tinto Finance USA PLC
3.50%, 03/22/22 (b)		100,000		96,841
4.75%, 03/22/42 (b)		100,000		93,114
Southern Copper Corp.
5.25%, 11/08/42		100,000		81,149
Teck Resources Ltd.
6.25%, 07/15/41 (b)		100,000		97,206
Vale Overseas Ltd.
6.88%, 11/21/36		100,000		101,919
Vale S.A.
5.63%, 09/11/42		200,000		175,451
Valspar Corp.
4.20%, 01/15/22 (b)		100,000		101,072
Weyerhaeuser Co.
7.38%, 03/15/32		100,000		122,128

				5,587,553


Capital Goods 1.0%
ABB Finance USA, Inc.
1.63%, 05/08/17		100,000		100,210
2.88%, 05/08/22		100,000		96,750
Avery Dennison Corp.
5.38%, 04/15/20		105,000		109,592
Boeing Co.
0.95%, 05/15/18		250,000		240,468
Caterpillar Financial Services Corp.
1.25%, 11/06/17		150,000		147,374
7.15%, 02/15/19		72,000		88,776
Caterpillar, Inc.
5.70%, 08/15/16		100,000		112,948
CRH America, Inc.
6.00%, 09/30/16		100,000		112,588
Deere & Co.
5.38%, 10/16/29		150,000		168,599
Eaton Corp.,
0.95%, 11/02/15		50,000		50,031
1.50%, 11/02/17		50,000		49,345
4.00%, 11/02/32		100,000		92,228
4.15%, 11/02/42		100,000		89,190
General Electric Co.
0.85%, 10/09/15		100,000		100,281

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
5.25%, 12/06/17		100,000		113,923
2.70%, 10/09/22		100,000		94,511
4.13%, 10/09/42		100,000		92,178
Illinois Tool Works, Inc.
3.90%, 09/01/42 (b)		100,000		86,751
Ingersoll-Rand Global Holding Co., Ltd.
2.88%, 01/15/19 (c)		250,000		249,508
John Deere Capital Corp.
5.50%, 04/13/17		200,000		225,808
1.70%, 01/15/20		100,000		94,521
L-3 Communications Corp.
4.75%, 07/15/20		250,000		262,207
Lockheed Martin Corp.
4.25%, 11/15/19		36,000		39,180
3.35%, 09/15/21		100,000		100,053
Northrop Grumman Corp.
4.75%, 06/01/43		150,000		142,075
Owens Corning
4.20%, 12/15/22 (b)		100,000		97,738
Republic Services, Inc.
3.80%, 05/15/18		200,000		213,204
5.70%, 05/15/41 (b)		80,000		86,107
Textron, Inc.
5.95%, 09/21/21 (b)		200,000		220,213
United Technologies Corp.
5.38%, 12/15/17		300,000		344,965
6.13%, 02/01/19		150,000		179,152
3.10%, 06/01/22		100,000		98,559
6.13%, 07/15/38		150,000		181,162
4.50%, 06/01/42		150,000		146,288

				4,626,483


Communications 2.3%
America Movil S.A.B. de C.V.
2.38%, 09/08/16		200,000		204,360
4.38%, 07/16/42		150,000		123,662
American Tower Corp.
3.40%, 02/15/19		100,000		98,959
5.00%, 02/15/24		100,000		98,076
AT&T Mobility LLC
7.13%, 12/15/31		50,000		60,919
AT&T, Inc.
0.80%, 12/01/15		100,000		99,766
5.50%, 02/01/18		130,000		147,529
3.00%, 02/15/22		100,000		93,951
6.30%, 01/15/38		120,000		130,109
5.35%, 09/01/40		50,000		48,698
5.55%, 08/15/41		100,000		99,614
BellSouth Corp.
6.88%, 10/15/31		100,000		111,958
6.55%, 06/15/34		150,000		161,607
6.00%, 11/15/34		225,000		229,129
CBS Corp.
5.50%, 05/15/33		150,000		146,009
Comcast Corp.
5.15%, 03/01/20		250,000		283,434
2.85%, 01/15/23		250,000		237,547
4.25%, 01/15/33		300,000		283,826
Deutsche Telekom International Finance BV
8.75%, 06/15/30 (a)		100,000		138,915
DIRECTV Holdings LLC
3.55%, 03/15/15		100,000		103,588
3.50%, 03/01/16		100,000		104,309
5.88%, 10/01/19		100,000		111,799
6.00%, 08/15/40 (b)		150,000		142,762
6.38%, 03/01/41		100,000		99,073
Discovery Communications LLC
5.05%, 06/01/20		150,000		166,311
France Telecom S.A.
5.38%, 01/13/42		250,000		241,115
NBCUniversal Media LLC
2.88%, 04/01/16		100,000		104,788
4.38%, 04/01/21		250,000		269,571
5.95%, 04/01/41		350,000		396,719
News America, Inc.
5.30%, 12/15/14		54,000		56,990
6.90%, 03/01/19		30,000		36,161
4.00%, 10/01/23 (c)		100,000		100,309
6.15%, 03/01/37		200,000		218,187
Qwest Corp.
6.75%, 12/01/21		350,000		376,465
Rogers Communications, Inc.
3.00%, 03/15/23 (b)		250,000		231,188
TCI Communications, Inc.
7.13%, 02/15/28		150,000		190,543
Telecom Italia Capital S.A.
7.00%, 06/04/18		200,000		220,590
7.72%, 06/04/38		100,000		96,753
Telefonica Emisiones S.A.U.
4.95%, 01/15/15		300,000		313,397
6.22%, 07/03/17		150,000		166,038
5.46%, 02/16/21		250,000		256,615
Telefonos de Mexico S.A.B. de C.V.
5.50%, 11/15/19		100,000		110,213
Time Warner Cable, Inc.
5.85%, 05/01/17		150,000		163,255
6.55%, 05/01/37		200,000		184,553
5.50%, 09/01/41 (b)		100,000		82,261
4.50%, 09/15/42 (b)		100,000		73,370
Verizon Communications, Inc.
2.50%, 09/15/16		100,000		103,142
1.10%, 11/01/17		600,000		578,618
3.65%, 09/14/18		150,000		158,233
4.50%, 09/15/20		500,000		532,528
6.40%, 09/15/33		300,000		334,127
5.85%, 09/15/35		200,000		207,632
6.55%, 09/15/43		250,000		283,222
Verizon Global Funding Corp.
7.75%, 12/01/30		100,000		123,287
Vodafone Group PLC
5.00%, 09/15/15		100,000		107,807
5.45%, 06/10/19		250,000		283,682
4.38%, 03/16/21		150,000		157,115

				10,284,384


Consumer Cyclical 1.6%
Amazon.com, Inc.
2.50%, 11/29/22 (b)		150,000		136,979
CVS Caremark Corp.
4.75%, 05/18/20 (b)		225,000		249,600
Daimler Finance North America LLC
8.50%, 01/18/31		75,000		107,942
Darden Restaurants, Inc.
3.35%, 11/01/22 (b)		100,000		90,860
eBay, Inc.
1.63%, 10/15/15		125,000		127,459

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
Ford Motor Co.
7.45%, 07/16/31		425,000		520,043
Ford Motor Credit Co. LLC
2.75%, 05/15/15		300,000		306,985
6.63%, 08/15/17		450,000		518,988
4.25%, 09/20/22		450,000		450,252
Gap, Inc.
5.95%, 04/12/21 (b)		450,000		499,366
Home Depot, Inc.
5.40%, 03/01/16		300,000		332,972
3.75%, 02/15/24 (b)		100,000		101,416
4.88%, 02/15/44 (b)		100,000		101,233
Lowe’s Cos., Inc.
3.12%, 04/15/22 (b)		50,000		48,817
Macy’s Retail Holdings, Inc.
5.90%, 12/01/16		210,000		237,244
5.13%, 01/15/42 (b)		100,000		96,070
Marriott International, Inc.
3.00%, 03/01/19 (b)		100,000		101,366
McDonald’s Corp.
5.30%, 03/15/17		86,000		96,325
3.70%, 02/15/42		114,000		99,515
NIKE, Inc.
2.25%, 05/01/23 (b)		100,000		91,497
3.63%, 05/01/43 (b)		50,000		43,422
Nordstrom, Inc.
4.00%, 10/15/21 (b)		150,000		157,030
QVC, Inc.
5.13%, 07/02/22		100,000		98,489
Starbucks Corp.
3.85%, 10/01/23 (b)		100,000		101,854
Starwood Hotels & Resorts Worldwide, Inc.
6.75%, 05/15/18		100,000		118,109
Target Corp.
5.88%, 07/15/16		100,000		113,647
6.35%, 11/01/32		45,000		54,368
Time Warner, Inc.
3.15%, 07/15/15		85,000		88,514
4.75%, 03/29/21		150,000		160,907
7.63%, 04/15/31		100,000		124,791
7.70%, 05/01/32		61,000		77,014
Toyota Motor Credit Corp.
3.40%, 09/15/21		100,000		100,957
Viacom, Inc.
2.50%, 12/15/16		100,000		102,547
4.25%, 09/01/23 (b)		50,000		49,828
6.88%, 04/30/36		100,000		111,710
5.85%, 09/01/43 (b)		100,000		102,162
Wal-Mart Stores, Inc.
5.25%, 09/01/35		550,000		591,322
6.50%, 08/15/37		100,000		124,538
Walt Disney Co.
1.35%, 08/16/16		150,000		152,169
1.13%, 02/15/17		200,000		199,410

				6,987,717


Consumer Non-Cyclical 3.0%
AbbVie, Inc.
2.00%, 11/06/18		700,000		688,149
Altria Group, Inc.
4.75%, 05/05/21		100,000		106,262
2.85%, 08/09/22		350,000		321,168
2.95%, 05/02/23		300,000		274,179
AmerisourceBergen Corp.
4.88%, 11/15/19		450,000		504,438
Amgen, Inc.
3.88%, 11/15/21 (b)		200,000		203,023
5.15%, 11/15/41 (b)		100,000		97,430
Anheuser-Busch InBev Worldwide, Inc.
5.38%, 11/15/14		193,000		203,486
1.38%, 07/15/17		350,000		348,848
6.88%, 11/15/19		100,000		124,254
3.75%, 07/15/42		200,000		173,678
Archer-Daniels-Midland Co.
5.45%, 03/15/18		150,000		173,001
4.48%, 03/01/21		250,000		268,513
5.94%, 10/01/32		100,000		112,078
4.02%, 04/16/43		100,000		88,308
AstraZeneca PLC
6.45%, 09/15/37		150,000		183,606
Baxter International, Inc.
4.50%, 06/15/43 (b)		200,000		197,182
Boston Scientific Corp.
6.00%, 01/15/20		150,000		171,777
4.13%, 10/01/23 (b)		100,000		99,606
Bristol-Myers Squibb Co.
6.13%, 05/01/38		100,000		120,191
3.25%, 08/01/42		100,000		80,377
Cardinal Health, Inc.
4.00%, 06/15/15		100,000		105,305
Celgene Corp.
1.90%, 08/15/17		100,000		100,429
Colgate-Palmolive Co.
2.63%, 05/01/17		100,000		103,498
ConAgra Foods, Inc.
1.90%, 01/25/18		400,000		395,173
3.20%, 01/25/23 (b)		350,000		328,080
4.65%, 01/25/43 (b)		150,000		136,664
Covidien International Finance S.A.
2.80%, 06/15/15		50,000		51,642
Diageo Capital PLC
5.75%, 10/23/17		100,000		115,065
1.13%, 04/29/18		150,000		145,030
Express Scripts Holding Co.
2.75%, 11/21/14		200,000		204,391
3.13%, 05/15/16		350,000		366,573
General Mills, Inc.
3.15%, 12/15/21 (b)		100,000		98,770
GlaxoSmithKline Capital, Inc.
5.65%, 05/15/18		150,000		174,785
2.85%, 05/08/22		150,000		144,193
Hasbro, Inc.
6.30%, 09/15/17		100,000		113,342
6.35%, 03/15/40		100,000		108,865
Kimberly-Clark Corp.
6.63%, 08/01/37		100,000		129,691
Koninklijke Philips Electronics
5.00%, 03/15/42		100,000		98,550
Kraft Foods Group, Inc.
5.38%, 02/10/20		78,000		88,919
3.50%, 06/06/22		200,000		197,893
Lorillard Tobacco Co.
2.30%, 08/21/17		100,000		99,209
McKesson Corp.
3.25%, 03/01/16		50,000		52,724

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
Medtronic, Inc.
4.00%, 04/01/43 (b)		300,000		269,898
Merck & Co., Inc.
2.25%, 01/15/16		90,000		93,115
3.88%, 01/15/21 (b)		200,000		211,471
5.85%, 06/30/39		64,000		76,243
Mondelez International, Inc.
4.13%, 02/09/16		250,000		267,079
5.38%, 02/10/20		72,000		81,411
6.50%, 02/09/40		150,000		176,659
Mylan, Inc.
1.80%, 06/24/16 (c)		100,000		100,480
Newell Rubbermaid, Inc.
4.70%, 08/15/20		150,000		160,026
Novartis Capital Corp.
4.40%, 04/24/20		100,000		109,950
PepsiCo, Inc.
2.25%, 01/07/19 (b)		150,000		150,551
4.88%, 11/01/40		200,000		203,261
Pfizer, Inc.
6.20%, 03/15/19		225,000		271,308
Philip Morris International, Inc.
1.13%, 08/21/17		100,000		98,275
2.50%, 08/22/22		100,000		92,257
Procter & Gamble Co.
1.80%, 11/15/15		375,000		384,853
4.70%, 02/15/19		42,000		47,824
5.55%, 03/05/37		50,000		58,376
Quest Diagnostics, Inc.
3.20%, 04/01/16		100,000		104,150
Reynolds American, Inc.
7.63%, 06/01/16		75,000		87,930
3.25%, 11/01/22		100,000		92,230
Safeway, Inc.
3.95%, 08/15/20		100,000		98,271
Sanofi
2.63%, 03/29/16		300,000		313,247
1.25%, 04/10/18		100,000		97,731
Teva Pharmaceutical Finance Co. BV
2.95%, 12/18/22		100,000		92,837
Teva Pharmaceutical Finance Co. LLC
6.15%, 02/01/36		125,000		144,807
The Coca-Cola Co.
1.50%, 11/15/15		200,000		203,994
1.15%, 04/01/18		100,000		97,908
The Kroger Co.
3.85%, 08/01/23 (b)		100,000		98,688
7.50%, 04/01/31		100,000		123,358
Thermo Fisher Scientific, Inc.
4.50%, 03/01/21		50,000		52,365
3.60%, 08/15/21 (b)		50,000		49,283
Watson Pharmaceuticals, Inc.
1.88%, 10/01/17		250,000		248,667
4.63%, 10/01/42 (b)		100,000		89,152
Wyeth LLC
5.95%, 04/01/37		500,000		586,994
Zoetis, Inc.
4.70%, 02/01/43 (b)(c)		100,000		93,553

				13,426,547


Energy 1.6%
Anadarko Petroleum Corp.
5.95%, 09/15/16		225,000		252,821
6.38%, 09/15/17		200,000		232,702
6.45%, 09/15/36		100,000		115,207
Baker Hughes, Inc.
3.20%, 08/15/21 (b)		250,000		252,155
5.13%, 09/15/40		100,000		107,142
BP Capital Markets PLC
3.20%, 03/11/16		500,000		525,211
1.38%, 05/10/18		100,000		97,115
4.75%, 03/10/19		250,000		276,885
Canadian Natural Resources Ltd.
5.70%, 05/15/17		150,000		169,746
6.25%, 03/15/38		100,000		111,797
Chevron Corp.
3.19%, 06/24/23 (b)		100,000		98,423
Conoco, Inc.
6.95%, 04/15/29		100,000		126,561
ConocoPhillips Canada
5.63%, 10/15/16		150,000		170,296
Encana Corp.
6.50%, 02/01/38		175,000		192,380
Halliburton Co.
6.15%, 09/15/19		125,000		149,965
Hess Corp.
8.13%, 02/15/19		200,000		249,161
7.30%, 08/15/31		150,000		180,515
7.13%, 03/15/33		100,000		118,630
Husky Energy, Inc.
7.25%, 12/15/19		200,000		245,154
Kerr-McGee Corp.
6.95%, 07/01/24		250,000		293,256
Marathon Petroleum Corp.
5.13%, 03/01/21		125,000		135,168
Nabors Industries, Inc.
2.35%, 09/15/16 (c)		100,000		101,144
6.15%, 02/15/18		100,000		112,560
5.10%, 09/15/23 (b)(c)		100,000		101,776
Nexen, Inc.
5.88%, 03/10/35		150,000		155,736
Noble Holding International Ltd.
5.25%, 03/15/42		150,000		137,073
Occidental Petroleum Corp.
4.10%, 02/01/21 (b)		100,000		104,885
Petrohawk Energy Corp.
7.88%, 06/01/15 (b)		200,000		204,072
7.25%, 08/15/18 (b)		100,000		108,750
Shell International Finance BV
3.10%, 06/28/15		100,000		104,507
4.30%, 09/22/19		100,000		110,539
6.38%, 12/15/38		45,000		56,394
Suncor Energy, Inc.
6.10%, 06/01/18		100,000		117,259
6.50%, 06/15/38		150,000		175,378
Talisman Energy, Inc.
3.75%, 02/01/21 (b)		150,000		146,644
Tosco Corp.
7.80%, 01/01/27		150,000		201,992
Total Capital S.A.
3.00%, 06/24/15		100,000		104,095
Transocean, Inc.
6.38%, 12/15/21		500,000		556,683
7.35%, 12/15/41		150,000		174,463

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
Valero Energy Corp.
9.38%, 03/15/19		150,000		194,547
6.13%, 02/01/20		150,000		172,698
Weatherford International Ltd.
4.50%, 04/15/22 (b)		175,000		173,503

				7,414,988


Technology 1.1%
Apple, Inc.
0.45%, 05/03/16		100,000		99,364
1.00%, 05/03/18		100,000		96,433
2.40%, 05/03/23		100,000		90,709
3.85%, 05/04/43		50,000		42,069
Arrow Electronics, Inc.
3.00%, 03/01/18		150,000		151,454
4.50%, 03/01/23 (b)		200,000		198,144
Cisco Systems, Inc.
2.90%, 11/17/14		266,000		273,409
4.45%, 01/15/20		250,000		275,694
5.90%, 02/15/39		100,000		116,405
Corning, Inc.
1.45%, 11/15/17		200,000		197,904
Fiserv, Inc.
6.80%, 11/20/17		285,000		332,621
4.63%, 10/01/20		250,000		261,903
Google, Inc.
2.13%, 05/19/16		75,000		77,780
Harris Corp.
6.15%, 12/15/40		50,000		54,204
Hewlett-Packard Co.
2.60%, 09/15/17		300,000		303,212
Intel Corp.
3.30%, 10/01/21		100,000		99,706
International Business Machines Corp.
5.70%, 09/14/17		150,000		173,840
7.00%, 10/30/25		105,000		136,433
Microsoft Corp.
2.50%, 02/08/16		100,000		104,209
4.50%, 10/01/40		100,000		95,970
NetApp, Inc.
3.25%, 12/15/22 (b)		250,000		229,997
Oracle Corp.
2.38%, 01/15/19		100,000		100,595
3.88%, 07/15/20		380,000		404,770
3.63%, 07/15/23		100,000		99,937
6.13%, 07/08/39		150,000		179,271
5.38%, 07/15/40		100,000		109,297
Science Applications International Corp.
5.50%, 07/01/33		50,000		47,142
Texas Instruments, Inc.
2.38%, 05/16/16		100,000		104,051
Xerox Corp.
4.25%, 02/15/15		600,000		625,814

				5,082,337


Transportation 0.4%
American Airlines 2013-1 Class A Pass Through Trust
4.00%, 07/15/25 (c)		100,000		93,750
Burlington Northern Santa Fe LLC
4.70%, 10/01/19		140,000		156,266
3.85%, 09/01/23 (b)		200,000		200,925
5.05%, 03/01/41 (b)		300,000		299,680
Canadian Pacific Railway Ltd.
4.50%, 01/15/22		250,000		263,738
CSX Corp.
6.25%, 04/01/15		200,000		216,162
4.25%, 06/01/21 (b)		150,000		159,444
4.10%, 03/15/44 (b)		100,000		85,073
FedEx Corp.
2.63%, 08/01/22		200,000		184,039
3.88%, 08/01/42		200,000		167,246
Norfolk Southern Corp.
3.00%, 04/01/22 (b)		150,000		144,827

				1,971,150

				55,381,159

Utilities 2.4%


Electric 1.5%
Alabama Power Co.
4.10%, 01/15/42		100,000		90,995
Appalachian Power Co.
7.00%, 04/01/38		250,000		302,169
Commonwealth Edison Co.
1.95%, 09/01/16 (b)		50,000		51,172
Consolidated Edison Co. of New York, Inc.
5.85%, 04/01/18		200,000		234,211
Consolidated Natural Gas Co.
5.00%, 12/01/14		450,000		472,335
Consumers Energy Co.
3.38%, 08/15/23 (b)		300,000		300,059
3.95%, 05/15/43 (b)		100,000		90,335
Duke Energy Carolinas LLC
6.05%, 04/15/38		200,000		237,531
5.30%, 02/15/40		100,000		109,862
Duke Energy Indiana, Inc.
3.75%, 07/15/20		175,000		184,401
Entergy Corp.
3.63%, 09/15/15		250,000		259,192
Exelon Generation Co. LLC
4.00%, 10/01/20 (b)		250,000		250,420
Florida Power & Light Co.
5.95%, 02/01/38		150,000		180,772
Florida Power Corp.
6.40%, 06/15/38		91,000		111,217
Georgia Power Co.
4.75%, 09/01/40		150,000		146,717
LG&E and KU Energy LLC
3.75%, 11/15/20 (b)		150,000		152,130
Midamerican Energy Holdings Co.
5.75%, 04/01/18		100,000		116,114
6.13%, 04/01/36		200,000		224,453
National Rural Utilities Cooperative Finance Corp.
5.45%, 02/01/18		100,000		114,614
NextEra Energy Capital Holdings, Inc.
3.63%, 06/15/23 (b)		100,000		95,128
Pacific Gas & Electric Co.
4.25%, 05/15/21 (b)		200,000		210,737
6.05%, 03/01/34		192,000		214,257
PPL Electric Utilities Corp.
2.50%, 09/01/22 (b)		100,000		93,554
PPL Energy Supply LLC
6.20%, 05/15/16		150,000		165,579
6.50%, 05/01/18		200,000		226,393

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
4.60%, 12/15/21 (b)		100,000		98,836
PSEG Power LLC
5.13%, 04/15/20		150,000		167,067
Public Service Electric & Gas Co.
3.95%, 05/01/42 (b)		100,000		91,248
San Diego Gas & Electric Co.
4.30%, 04/01/42 (b)		100,000		97,639
Southern California Edison Co.
5.50%, 08/15/18		100,000		116,380
The Dayton Power & Light Co.
1.88%, 09/15/16 (c)		200,000		201,700
TransAlta Corp.
4.50%, 11/15/22 (b)		500,000		477,186
Union Electric Co.
3.90%, 09/15/42 (b)		100,000		89,346
Virginia Electric & Power Co.
6.00%, 05/15/37		50,000		58,996
Westar Energy, Inc.
4.13%, 03/01/42 (b)		100,000		92,553
Xcel Energy, Inc.
4.70%, 05/15/20 (b)		350,000		385,629
4.80%, 09/15/41 (b)		200,000		197,060

				6,707,987


Natural Gas 0.9%
El Paso Pipeline Partners Operating Co. LLC
4.70%, 11/01/42 (b)		200,000		174,736
Energy Transfer Partners LP
6.70%, 07/01/18		50,000		58,617
4.65%, 06/01/21 (b)		100,000		102,836
3.60%, 02/01/23 (b)		100,000		93,330
6.63%, 10/15/36		200,000		213,231
7.50%, 07/01/38		100,000		115,807
Enterprise Products Operating LLC
3.20%, 02/01/16		200,000		210,008
6.30%, 09/15/17		100,000		115,779
5.20%, 09/01/20		150,000		167,163
3.35%, 03/15/23 (b)		150,000		142,249
Kinder Morgan Energy Partners LP
5.95%, 02/15/18		250,000		286,524
6.85%, 02/15/20		50,000		59,288
5.80%, 03/15/35		100,000		101,016
5.00%, 08/15/42 (b)		100,000		91,230
Magellan Midstream Partners LP
4.20%, 12/01/42 (b)		100,000		86,725
Nisource Finance Corp.
3.85%, 02/15/23 (b)		100,000		97,898
Plains All American Pipeline LP
5.75%, 01/15/20		100,000		113,842
3.65%, 06/01/22 (b)		200,000		197,909
3.85%, 10/15/23 (b)		150,000		147,866
6.65%, 01/15/37		100,000		118,422
Sempra Energy
6.00%, 10/15/39		250,000		276,558
Southern Natural Gas Co.
5.90%, 04/01/17 (c)		150,000		171,272
Southwest Gas Corp.
3.88%, 04/01/22 (b)		100,000		103,159
TransCanada PipeLines Ltd.
3.80%, 10/01/20		56,000		58,836
2.50%, 08/01/22		100,000		92,155
7.63%, 01/15/39		100,000		132,904
Williams Partners LP
7.25%, 02/01/17		350,000		407,818
6.30%, 04/15/40		50,000		52,894

				3,990,072

				10,698,059

Total Corporate Bonds
(Cost $100,404,605)				98,495,454




Foreign Securities 5.0% of net assets

Foreign Agencies 1.6%


Austria 0.1%
Oesterreichische Kontrollbank AG
1.75%, 10/05/15		75,000		76,808
2.00%, 06/03/16		150,000		155,157

				231,965


Brazil 0.2%
Petrobras Global Finance BV
4.38%, 05/20/23		100,000		92,479
5.63%, 05/20/43		150,000		126,373
Petrobras International Finance Co.
2.88%, 02/06/15		400,000		406,805
5.38%, 01/27/21		250,000		252,396

				878,053


Canada 0.1%
Export Development Canada
2.25%, 05/28/15		100,000		103,161
1.25%, 10/27/15		100,000		101,682
Nexen, Inc.
6.40%, 05/15/37		200,000		220,052

				424,895


Germany 0.6%
Kreditanstalt fuer Wiederaufbau
1.00%, 01/12/15 (d)		250,000		252,318
1.25%, 10/26/15 (d)		250,000		253,979
2.63%, 02/16/16 (d)		375,000		393,377
4.88%, 01/17/17 (d)		450,000		507,541
1.25%, 02/15/17 (d)		350,000		353,488
4.50%, 07/16/18 (d)		500,000		567,518
4.88%, 06/17/19 (d)		200,000		231,893
2.75%, 09/08/20 (d)		200,000		205,022
2.38%, 08/25/21 (d)		300,000		295,337

				3,060,473


Japan 0.1%
Japan Bank for International Cooperation
2.25%, 07/13/16		400,000		415,352

				415,352


Mexico 0.2%
Pemex Project Funding Master Trust
6.63%, 06/15/35		450,000		477,508
Petroleos Mexicanos
5.50%, 01/21/21		400,000		430,000

				907,508


Norway 0.1%
Statoil A.S.A.
2.90%, 10/15/14		100,000		102,618

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
2.45%, 01/17/23		100,000		91,565
4.25%, 11/23/41		100,000		92,459

				286,642


Republic of Korea 0.1%
Export-Import Bank of Korea
5.88%, 01/14/15		100,000		106,063
4.38%, 09/15/21		300,000		316,023
5.00%, 04/11/22		200,000		219,591

				641,677


Sweden 0.1%
Svensk Exportkredit AB
5.13%, 03/01/17		150,000		170,394
1.13%, 04/05/18		250,000		245,168

				415,562

				7,262,127

Foreign Local Government 0.4%


Canada 0.4%
Hydro-Quebec
2.00%, 06/30/16		400,000		412,235
8.05%, 07/07/24		60,000		81,759
Province of British Columbia
2.85%, 06/15/15		200,000		208,359
Province of Manitoba
1.13%, 06/01/18		250,000		246,251
Province of Ontario
2.95%, 02/05/15		460,000		475,876
4.00%, 10/07/19		225,000		245,302
2.45%, 06/29/22		200,000		187,736
Province of Quebec
7.50%, 09/15/29		68,000		92,310

				1,949,828

Sovereign 1.5%


Brazil 0.2%
Brazilian Government International Bond
2.63%, 01/05/23		300,000		264,000
Federative Republic of Brazil
6.00%, 01/17/17		350,000		392,350
4.88%, 01/22/21		100,000		107,875
8.25%, 01/20/34		150,000		196,125
7.13%, 01/20/37		100,000		118,000

				1,078,350


Canada 0.0%
Canada Government International Bond
0.88%, 02/14/17		100,000		100,023

				100,023


Chile 0.1%
Chile Government International Bond
2.25%, 10/30/22		300,000		270,750
3.63%, 10/30/42		100,000		81,750

				352,500


Colombia 0.1%
Colombia Government International Bond
7.38%, 03/18/19		300,000		364,800
7.38%, 09/18/37		100,000		125,600

				490,400


Italy 0.2%
Italy Government International Bond
4.50%, 01/21/15		150,000		156,364
3.13%, 01/26/15		350,000		358,691
5.38%, 06/12/17		100,000		109,122
6.88%, 09/27/23		150,000		181,563

				805,740


Mexico 0.3%
Mexico Government International Bond
5.63%, 01/15/17		600,000		672,600
3.63%, 03/15/22		200,000		198,900
8.00%, 09/24/22		100,000		130,000
6.05%, 01/11/40		150,000		164,775
4.75%, 03/08/44		200,000		182,000

				1,348,275


Panama 0.1%
Panama Government International Bond
6.70%, 01/26/36		200,000		229,500

				229,500


Peru 0.1%
Peruvian Government International Bond
7.13%, 03/30/19		250,000		304,375

				304,375


Philippines 0.1%
Philippine Government International Bond
5.50%, 03/30/26		200,000		223,750

				223,750


Poland 0.1%
Poland Government International Bond
5.00%, 10/19/15		150,000		161,880
3.00%, 03/17/23		300,000		275,550

				437,430


Republic of Korea 0.0%
Republic of Korea
7.13%, 04/16/19		150,000		186,299

				186,299


South Africa 0.0%
South Africa Government International Bond
4.67%, 01/17/24		100,000		97,500

				97,500


Turkey 0.2%
Turkey Government International Bond
5.63%, 03/30/21		500,000		522,000
7.38%, 02/05/25		250,000		282,875
4.88%, 04/16/43		200,000		166,000

				970,875

				6,625,017

Supranational 1.5%
African Development Bank
2.50%, 03/15/16		150,000		156,964
Asian Development Bank
2.63%, 02/09/15		200,000		206,313
2.50%, 03/15/16		150,000		157,129

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
1.13%, 03/15/17		650,000		653,672
European Bank for Reconstruction & Development
1.63%, 09/03/15		500,000		511,202
European Investment Bank
4.63%, 10/20/15		400,000		433,814
2.50%, 05/16/16		325,000		340,384
5.13%, 05/30/17		1,000,000		1,141,666
4.00%, 02/16/21		700,000		763,860
Inter-American Development Bank
5.13%, 09/13/16		100,000		112,484
1.75%, 08/24/18		250,000		252,747
3.88%, 10/28/41		100,000		92,711
International Bank for Reconstruction & Development
2.13%, 03/15/16		400,000		414,963
0.88%, 04/17/17		350,000		349,479
International Finance Corp.
1.13%, 11/23/16		100,000		100,791
2.13%, 11/17/17		300,000		310,329
1.75%, 09/04/18		300,000		302,622
Nordic Investment Bank
0.50%, 04/14/16		250,000		249,632

				6,550,762

Total Foreign Securities
(Cost $22,856,878)				22,387,734




Mortgage-Backed Securities 29.4% of net assets

U.S. Government Agency Mortgages 29.4%
Fannie Mae
5.50%, 02/01/17 to 09/01/38 (b)		3,292,785		3,592,576
5.00%, 02/01/18 to 07/01/41 (b)		4,912,082		5,341,801
3.50%, 10/01/18 to 05/01/43 (b)		10,362,168		10,611,993
7.00%, 11/01/18 to 03/01/37 (b)		500,581		556,626
4.00%, 09/01/20 to 08/01/43 (b)		8,106,793		8,545,416
4.50%, 04/01/25 to 07/01/42 (b)		7,477,640		8,032,657
3.00%, 01/01/26 to 07/01/43 (b)		11,305,985		11,188,017
2.50%, 10/01/27 to 09/01/28 (b)		2,736,525		2,758,596
2.00%, 08/01/28 to 09/01/28 (b)		223,075		218,289
6.50%, 02/01/29 to 10/01/39 (b)		806,034		911,797
6.00%, 11/01/32 to 10/01/39 (b)		3,049,209		3,348,909
3.65%, 03/01/40 (a)(b)		310,410		329,626
3.35%, 04/01/40 (a)(b)		121,114		126,889
3.62%, 05/01/40 (a)(b)		98,807		104,980
3.64%, 06/01/40 (a)(b)		421,275		447,164
Fannie Mae TBA
2.00%, 10/01/28 (b)		400,000		390,313
2.50%, 10/01/28 to 10/01/43 (b)		1,500,000		1,478,281
3.00%, 10/01/28 to 10/01/43 (b)		1,800,000		1,817,375
3.50%, 10/01/28 (b)		700,000		738,828
4.00%, 10/01/28 to 10/01/43 (b)		1,200,000		1,268,859
4.50%, 10/01/28 (b)		400,000		425,000
5.00%, 10/01/28 (b)		300,000		318,598
5.50%, 10/01/28 (b)		400,000		421,063
Freddie Mac
6.50%, 03/01/17 to 09/01/39 (b)		923,476		1,041,682
5.00%, 06/01/18 to 09/01/40 (b)		2,802,321		3,037,841
5.50%, 11/01/18 to 02/01/40 (b)		2,012,119		2,183,103
6.00%, 08/01/22 to 04/01/38 (b)		609,486		659,984
4.00%, 05/01/23 to 03/01/42 (b)		4,294,523		4,510,131
4.50%, 01/01/24 to 08/01/41 (b)		4,825,507		5,155,666
3.00%, 10/01/26 to 07/01/43 (b)		6,269,653		6,216,305
2.50%, 07/01/27 to 05/01/33 (b)		1,961,747		1,974,425
2.00%, 04/01/28 (b)		59,147		57,832
3.50%, 04/01/31 to 04/01/43 (b)		5,247,746		5,356,353
3.00%, 05/01/41 (a)(b)		54,889		57,428
Freddie Mac TBA
2.00%, 10/01/28 (b)		300,000		292,500
2.50%, 10/01/28 (b)		600,000		603,656
3.50%, 10/01/28 (b)		900,000		947,531
4.00%, 10/01/28 (b)		100,000		105,844
5.00%, 10/01/28 to 10/01/43 (b)		700,000		747,160
3.00%, 10/01/43 (b)		200,000		194,687
Ginnie Mae
3.00%, 02/15/26 to 06/20/43 (a)(b)		5,466,323		5,469,446
4.00%, 03/20/26 to 09/20/43 (a)(b)		4,370,796		4,635,553
5.50%, 04/20/26 to 01/15/35 (b)		1,098,648		1,221,431
3.50%, 05/20/26 to 06/20/43 (b)		6,140,703		6,348,918
2.50%, 01/20/28 to 08/20/38 (a)(b)		746,544		767,129
2.00%, 07/20/28 to 03/20/40 (a)(b)		271,652		278,412
4.50%, 02/20/34 to 12/20/42 (a)(b)		5,581,215		6,044,099
5.00%, 10/15/34 to 04/20/40 (b)		3,652,578		4,005,423
6.00%, 02/15/37 to 12/15/38 (b)		1,195,910		1,322,398
5.00%, 10/20/37 (a)(b)		53,339		56,752
2.00%, 01/20/43 (a)(b)		229,073		233,719
Ginnie Mae TBA
2.50%, 10/01/43 (b)		200,000		186,125
3.00%, 10/01/43 (b)		2,300,000		2,267,796
3.50%, 10/01/43 (b)		1,500,000		1,546,016

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
4.00%, 10/01/43 (b)		700,000		740,375
4.50%, 10/01/43 (b)		400,000		431,250
5.50%, 10/01/43 (b)		1,000,000		1,095,000

Total Mortgage-Backed Securities
(Cost $133,024,333)				132,765,623




Municipal Bonds 0.9% of net assets

Fixed-Rate Obligations 0.9%
Bay Area Toll Authority
RB (Build America Bonds) Series 2010S3
6.91%, 10/01/50		100,000		122,665
California,
GO (Build America Bonds) Series 2009
7.50%, 04/01/34		100,000		127,006
GO (Build America Bonds) Series 2009
7.55%, 04/01/39		400,000		521,000
Catholic Health Initiatives
1.60%, 11/01/17		100,000		97,940
4.35%, 11/01/42		225,000		204,441
Commonwealth of Massachusetts
GO (Build America Bonds) Series 2009
5.46%, 12/01/39		100,000		108,474
Dallas County Hospital District
GO (Build America Bonds) Series C
5.62%, 08/15/44		150,000		166,782
Georgia
GO (Build America Bonds) Series H
4.50%, 11/01/25		40,000		43,237
JobsOhio Beverage System
RB (Build America Bonds) Series B
3.99%, 01/01/29		250,000		232,198
Los Angeles USD
GO (Build America Bonds) Series 2010
6.76%, 07/01/34		200,000		245,698
Metropolitan Government of Nashville & Davidson County
GO (Build America Bonds) Series 2010
5.71%, 07/01/34		20,000		21,736
Metropolitan Transportation Authority
RB (Build America Bonds) Series E
6.81%, 11/15/40		150,000		178,836
New Jersey State Turnpike Authority
RB (Build America Bonds) Series 2010A
7.10%, 01/01/41		100,000		126,471
New York City Municipal Water Finance Authority
Water System RB (Build America Bonds) Series 2009
5.75%, 06/15/41		200,000		225,602
Water System RB (Build America Bonds) Series 2011CC
5.88%, 06/15/44		250,000		282,515
President and Fellows of Harvard College
3.62%, 10/01/37		350,000		306,285
San Francisco CA City & County Public Utilities Commission
Water System RB (Build America Bonds) Series 2010DE
6.00%, 11/01/40		400,000		451,436
State of Connecticut
GO Bonds Series 2008A
5.85%, 03/15/32		200,000		221,674
State of Illinois
4.95%, 06/01/23		100,000		99,346
Texas Transportation Commission
RB (Build America Bonds) Series B
5.03%, 04/01/26		200,000		220,446
Yale University
Medium-Term Notes Series B
2.90%, 10/15/14		100,000		102,622

Total Municipal Bonds
(Cost $4,440,860)				4,106,410




U.S. Government and Government Agencies 40.3% of net assets

U.S. Government Agency Securities 4.4%
Fannie Mae
0.55%, 02/27/15 (b)		2,000,000		2,003,814
1.63%, 10/26/15		2,032,000		2,082,757
0.65%, 03/28/16 (b)		600,000		599,539
1.13%, 04/27/17		769,000		772,325
0.88%, 08/28/17		1,172,000		1,161,487
0.88%, 02/08/18		350,000		342,538
0.88%, 05/21/18		1,250,000		1,215,805
7.13%, 01/15/30		277,000		385,832
Federal Farm Credit Bank
4.88%, 12/16/15		321,000		352,129
0.54%, 11/07/16 (b)		500,000		496,158
Federal Home Loan Bank
0.50%, 11/20/15		1,000,000		1,000,594
1.00%, 06/21/17		835,000		836,011
1.00%, 11/09/17 (b)		500,000		491,595
5.00%, 11/17/17		1,185,000		1,366,579
Freddie Mac
0.50%, 04/17/15		564,000		566,203
0.50%, 01/15/16 (b)		400,000		399,387
0.70%, 06/27/16 (b)		325,000		324,492
1.00%, 07/28/17		119,000		118,744
0.88%, 03/07/18		2,750,000		2,689,066
2.38%, 01/13/22		1,651,000		1,609,910
6.75%, 03/15/31		264,000		358,854
Tennessee Valley Authority
6.75%, 11/01/25		488,000		635,110

				19,808,929

U.S. Treasury Obligations 35.9%
U.S. Treasury Bonds
9.13%, 05/15/18		2,135,000		2,895,760
8.00%, 11/15/21		1,973,000		2,824,705
6.00%, 02/15/26		824,000		1,090,126
6.75%, 08/15/26		1,314,000		1,852,945
6.13%, 11/15/27		690,000		931,661
5.25%, 02/15/29		694,000		867,880
6.25%, 05/15/30		437,000		606,918
4.75%, 02/15/37		901,000		1,077,047
4.38%, 02/15/38		1,681,000		1,903,995
3.50%, 02/15/39		852,000		835,959
4.38%, 11/15/39		810,000		917,325
4.63%, 02/15/40		749,000		881,128
4.25%, 11/15/40		193,000		213,944
3.75%, 08/15/41		1,490,000		1,515,144
3.13%, 02/15/42		2,697,000		2,428,775

Schwab U.S. Aggregate Bond ETF

Portfolio Holdings (Unaudited) continued


Security	Face		Value
Rate, Maturity Date	Amount ($)		($)
3.00%, 05/15/42		1,372,000		1,202,536
2.75%, 08/15/42		1,776,000		1,472,554
2.75%, 11/15/42		1,576,000		1,304,756
2.88%, 05/15/43		500,000		424,453
U.S. Treasury Notes
0.50%, 10/15/14		4,627,000		4,644,985
0.25%, 10/31/14		5,000,000		5,006,250
0.38%, 11/15/14		2,720,000		2,727,067
0.25%, 01/15/15		2,796,000		2,798,841
0.25%, 02/15/15		1,297,000		1,298,064
2.38%, 02/28/15		575,000		592,643
2.50%, 03/31/15		1,686,000		1,743,496
2.50%, 04/30/15		2,500,000		2,589,257
2.13%, 05/31/15		1,642,000		1,692,959
1.88%, 06/30/15		4,249,000		4,367,092
1.75%, 07/31/15		4,923,000		5,053,671
0.25%, 09/15/15		4,035,000		4,029,642
1.25%, 10/31/15		6,055,000		6,167,823
0.25%, 12/15/15		2,851,000		2,842,983
0.38%, 01/15/16		2,074,000		2,072,785
0.38%, 02/15/16		2,645,000		2,642,416
2.13%, 02/29/16		1,082,000		1,126,083
0.38%, 03/15/16		2,333,000		2,328,899
2.25%, 03/31/16		4,214,000		4,402,315
2.00%, 04/30/16		2,115,000		2,196,956
2.63%, 04/30/16		3,134,000		3,305,637
3.25%, 05/31/16		962,000		1,031,294
1.50%, 06/30/16		2,472,000		2,535,345
0.63%, 07/15/16		2,000,000		2,002,890
1.00%, 08/31/16		1,000,000		1,010,742
3.00%, 09/30/16		1,549,000		1,656,764
0.88%, 01/31/17		3,496,000		3,505,013
3.25%, 03/31/17		2,088,000		2,260,423
0.63%, 05/31/17		2,457,000		2,429,742
0.63%, 08/31/17		2,620,000		2,579,573
1.88%, 08/31/17		3,062,600		3,162,612
1.88%, 09/30/17		1,847,000		1,906,161
0.75%, 10/31/17		3,531,000		3,483,000
1.88%, 10/31/17		1,602,000		1,652,312
0.75%, 12/31/17		1,604,000		1,576,932
0.75%, 02/28/18		978,000		959,128
2.88%, 03/31/18		1,826,000		1,957,815
0.63%, 04/30/18		2,250,000		2,187,245
2.63%, 04/30/18		2,846,000		3,020,096
1.38%, 06/30/18		1,486,000		1,490,005
1.38%, 09/30/18		1,839,000		1,837,779
1.25%, 04/30/19		1,671,000		1,640,713
0.88%, 07/31/19		3,026,000		2,889,358
3.38%, 11/15/19		2,849,700		3,126,543
1.00%, 11/30/19		1,363,000		1,300,280
1.38%, 01/31/20		2,592,000		2,520,113
1.13%, 03/31/20		1,272,000		1,212,226
1.88%, 06/30/20		1,236,000		1,230,448
2.63%, 08/15/20		1,632,000		1,703,591
2.13%, 08/31/20		1,500,000		1,513,417
2.63%, 11/15/20		2,390,000		2,486,252
3.63%, 02/15/21		1,838,000		2,034,078
2.13%, 08/15/21		1,995,900		1,979,995
1.63%, 08/15/22		1,798,000		1,675,231
1.63%, 11/15/22		2,001,000		1,852,958
2.00%, 02/15/23		2,464,000		2,347,152
2.50%, 08/15/23		1,500,000		1,484,883

				162,119,584

Total U.S. Government and Government Agencies
(Cost $184,698,780)				181,928,513



	Number		Value
Security	of Shares		($)

Other Investment Company 0.9% of net assets

Money Market Fund 0.9%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (e)		4,126,721		4,126,721

Total Other Investment Company
(Cost $4,126,721)				4,126,721



Security	Face		Value
Rate, Maturity Date	Amount ($)		($)

Short-Term Investments 3.6% of net assets

U.S. Government Agency Securities 3.6%
Federal Home Loan Bank
0.01%, 10/18/13 (f)		8,000,000		7,999,960
0.01%, 10/23/13 (f)		2,300,000		2,299,986
0.01%, 10/25/13 (f)		5,000,000		4,999,965
0.01%, 10/30/13 (f)		1,000,000		999,992

Total Short-Term Investments
(Cost $16,299,926)				16,299,903



End of Investments

At 09/30/13, the tax basis cost of the fund’s investments was $475,581,437 and the unrealized appreciation and depreciation were $2,550,745 and ($8,435,242), respectively, with a net unrealized depreciation ($5,884,497).


(a)		Variable-rate security.
(b)		The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).
(c)		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 $2,163,351 or 0.5% of net assets.
(d)		Guaranteed by the Republic of Germany.
(e)		The rate shown is the 7-day yield.
(f)		The rate shown is the purchase yield.


GO —		General obligation
RB —		Revenue bond
REIT —		Real Estate Investment Trust
USD —		Unified school district

Schwab U.S. Aggregate Bond 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:


	•	Bonds and notes: Bonds and notes are valued at halfway between the most recent bid and ask 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.

	•	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, the 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 (“NAVs”). 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.

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 NAV, 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

Schwab U.S. Aggregate Bond 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 assumption 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.


	Quoted Prices in				Significant
	Active Markets for		Significant Other		Unobservable
	Identical Assets		Observable Inputs		Inputs
Description	(Level 1)		(Level 2)		(Level 3)		Total

Asset-Backed Obligations¹		$—		$2,117,520		$—		$2,117,520
Commercial Mortgage-Backed Securities¹		—		7,469,062		—		7,469,062
Corporate Bonds¹		—		98,495,454		—		98,495,454
Foreign Securities¹		—		22,387,734		—		22,387,734
Mortgage-Backed Securities¹		—		132,765,623		—		132,765,623
Municipal Bonds¹		—		4,106,410		—		4,106,410
U.S. Government and Government Agencies¹		—		181,928,513		—		181,928,513
Other Investment Company¹		4,126,721		—		—		4,126,721
Short-Term Investments¹		—		16,299,903		—		16,299,903

Total		$4,126,721		$465,570,219		$—		$469,696,940


¹		As categorized in Portfolio Holdings.

REG64288SEP13


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: November 27, 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: November 27, 2013


By:		/s/ George Pereira George Pereira
		Principal Financial Officer

Date: November 27, 2013



Date: November 27, 2013	/s/ Marie Chandoha
	Marie Chandoha
	President and Chief Executive Officer



Date: November 27, 2013	/s/ George Pereira
	George Pereira
	Treasurer and Principal Financial Officer


Item 1.		Schedule of Investments.