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Schwab Strategic Trust
Schwab U.S. REIT ETF™

Portfolio Holdings as of May 31, 2014 (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

($)

.8%

Common Stock

885,436,872

980,302,248

.1%

Other Investment Companies

1,385,883

1,401,296

.9%

Total Investments

886,822,755

981,703,544

.1%

Other Assets and
Liabilities, Net

510,499

100

.0%

Net Assets

982,214,043


	Number		Value
Security	of Shares		($)

Common Stock 99.8% of net assets

Diversified REITs 7.3%
Cousins Properties, Inc.		366,029		4,392,348
Duke Realty Corp.		643,301		11,386,428
First Potomac Realty Trust		114,948		1,503,520
Liberty Property Trust		288,437		11,165,396
PS Business Parks, Inc.		40,067		3,373,241
Vornado Realty Trust		341,463		36,563,858
Washington REIT		129,599		3,347,542

				71,732,333

Industrial REITs 5.4%
DCT Industrial Trust, Inc.		623,917		4,941,423
EastGroup Properties, Inc.		60,264		3,836,406
First Industrial Realty Trust, Inc.		196,425		3,641,720
Prologis, Inc.		979,799		40,671,456

				53,091,005

Office REITs 15.7%
Alexandria Real Estate Equities, Inc.		140,583		10,696,960
BioMed Realty Trust, Inc.		378,275		8,208,568
Boston Properties, Inc.		300,167		36,224,154
Brandywine Realty Trust		305,340		4,671,702
Columbia Property Trust, Inc.		245,475		6,453,538
CommonWealth REIT		219,249		5,768,441
Corporate Office Properties Trust		170,748		4,704,107
Digital Realty Trust, Inc.		265,608		15,272,460
Douglas Emmett, Inc.		254,696		7,230,819
DuPont Fabros Technology, Inc.		126,998		3,247,339
Franklin Street Properties Corp.		169,791		2,125,783
Highwoods Properties, Inc.		176,845		7,176,370
Kilroy Realty Corp.		160,728		9,736,902
Mack-Cali Realty Corp.		172,422		3,750,179
Parkway Properties, Inc.		140,811		2,811,996
Piedmont Office Realty Trust, Inc., Class A		304,653		5,672,639
SL Green Realty Corp.		186,339		20,402,257

				154,154,214

Residential REITs 18.1%
American Campus Communities, Inc.		206,415		8,017,159
American Homes 4 Rent, Class A		90,396		1,592,778
Apartment Investment & Management Co., Class A		287,325		9,044,991
Associated Estates Realty Corp.		111,042		1,919,916
AvalonBay Communities, Inc.		238,791		33,870,115
Camden Property Trust		167,921		11,794,771
Education Realty Trust, Inc.		223,644		2,339,316
Equity Lifestyle Properties, Inc.		155,360		6,795,446
Equity Residential		658,399		40,689,058
Essex Property Trust, Inc.		121,077		21,910,094
Home Properties, Inc.		111,138		6,910,561
Mid-America Apartment Communities, Inc.		147,275		10,655,346
Post Properties, Inc.		105,802		5,411,772
Sun Communities, Inc.		73,656		3,566,424
UDR, Inc.		494,932		13,620,529

				178,138,276

Retail REITs 25.9%
Acadia Realty Trust		108,653		2,997,736
CBL & Associates Properties, Inc.		331,246		6,234,050
Cedar Realty Trust, Inc.		131,355		806,520
DDR Corp.		571,885		9,899,329
Equity One, Inc.		123,876		2,844,193
Federal Realty Investment Trust		131,101		15,669,192
General Growth Properties, Inc.		1,023,307		24,385,406
Glimcher Realty Trust		282,604		3,114,296
Inland Real Estate Corp.		165,168		1,754,084
Kimco Realty Corp.		804,579		18,440,951
Kite Realty Group Trust		260,175		1,615,687
Pennsylvania Real Estate Investment Trust		133,235		2,391,568
Ramco-Gershenson Properties Trust		129,456		2,148,970
Regency Centers Corp.		181,313		9,682,114
Rouse Properties, Inc.		67,518		1,101,894
Saul Centers, Inc.		24,639		1,186,368
Simon Property Group, Inc.		616,581		102,636,073
Tanger Factory Outlet Centers, Inc.		186,372		6,601,296
Taubman Centers, Inc.		124,397		9,317,335
The Macerich Co.		275,619		18,201,879
Washington Prime Group, Inc. *		308,291		6,131,898
Weingarten Realty Investors		221,513		7,041,898

				254,202,737

Specialized REITs 27.4%
Ashford Hospitality Prime, Inc.		44,621		727,322
Ashford Hospitality Trust, Inc.		148,986		1,594,150
CubeSmart		252,028		4,596,991

Schwab U.S. REIT ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
DiamondRock Hospitality Co.		384,000		4,769,280
Extra Space Storage, Inc.		215,909		11,302,836
FelCor Lodging Trust, Inc.		220,534		2,170,055
HCP, Inc.		896,657		37,435,430
Health Care REIT, Inc.		568,561		35,950,112
Healthcare Realty Trust, Inc.		190,265		4,743,307
Hersha Hospitality Trust		380,985		2,411,635
Hospitality Properties Trust		292,392		8,482,292
Host Hotels & Resorts, Inc.		1,484,749		32,768,410
LaSalle Hotel Properties		204,141		6,734,612
LTC Properties, Inc.		68,634		2,727,515
Pebblebrook Hotel Trust		124,434		4,422,384
Public Storage		283,838		48,927,994
Senior Housing Properties Trust		394,891		9,469,486
Sovran Self Storage, Inc.		63,612		4,885,402
Sunstone Hotel Investors, Inc.		357,290		5,248,590
Universal Health Realty Income Trust		24,870		1,076,622
Ventas, Inc.		576,935		38,539,258

				268,983,683

Total Common Stock
(Cost $885,436,872)				980,302,248




Other Investment Companies 0.1% of net assets

Equity Fund 0.1%
SPDR Dow Jones REIT ETF		16,300		1,351,433

Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (a)		49,863		49,863

Total Other Investment Companies
(Cost $1,385,883)				1,401,296



End of Investments

At 05/31/14, the tax basis cost of the fund’s investments was $887,949,052 and the unrealized appreciation and depreciation were $97,114,444 and ($3,359,952), respectively, with a net unrealized appreciation of $93,754,492.


*		Non-income producing security.
(a)		The rate shown is the 7-day yield.


ETF —		Exchange Traded Fund
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 funds pursuant to the valuation procedures.

Schwab U.S. REIT ETF

Portfolio Holdings (Unaudited) continued


	•	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 and ETFs. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, 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, 2014:

Quoted Prices in

Significant

Active Markets for

Other Significant

Unobservable

Identical Assets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total

Common Stock¹

$980,302,248

$—

$980,302,248

Other Investment Companies¹

1,401,296

—

1,401,296

Total

$981,703,544

$—

$981,703,544


¹		As categorized in portfolio holdings.

Schwab Strategic Trust
Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings as of May 31, 2014 (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		74,015,113		79,532,130
	0	.1%	Other Investment Companies		115,273		116,743
	0	.0%	Rights		1,852		1,852


	99	.8%	Total Investments		74,132,238		79,650,725
	0	.2%	Other Assets and Liabilities, Net				144,672


	100	.0%	Net Assets				79,795,397


	Number		Value
Security	of Shares		($)

Common Stock 99.7% of net assets

Automobiles & Components 1.0%
BorgWarner, Inc.		586		36,854
Cooper Tire & Rubber Co.		354		9,852
Dana Holding Corp.		728		16,118
Delphi Automotive plc		843		58,218
Drew Industries, Inc.		112		5,434
Ford Motor Co.		11,191		183,980
General Motors Co.		3,887		134,412
Gentex Corp.		448		12,956
Harley-Davidson, Inc.		741		52,789
Johnson Controls, Inc.		2,958		143,049
Lear Corp.		504		44,377
Superior Industries International, Inc.		168		3,343
Tenneco, Inc. *		168		10,710
The Goodyear Tire & Rubber Co.		1,197		31,565
Thor Industries, Inc.		251		15,060
TRW Automotive Holdings Corp. *		504		42,775
Visteon Corp. *		224		20,415

				821,907

Banks 5.3%
Associated Banc-Corp.		784		13,508
Astoria Financial Corp.		672		8,588
BancorpSouth, Inc.		392		9,212
Bank of America Corp.		58,775		889,854
Bank of Hawaii Corp.		224		12,490
BankUnited, Inc.		56		1,822
BB&T Corp.		2,701		102,422
BOK Financial Corp.		56		3,516
Capitol Federal Financial, Inc.		336		4,066
Cathay General Bancorp		224		5,383
CIT Group, Inc.		392		17,436
Citigroup, Inc.		11,013		523,888
City Holding Co.		56		2,420
City National Corp.		112		7,962
Comerica, Inc.		672		32,236
Commerce Bancshares, Inc.		228		9,897
Community Bank System, Inc.		56		1,989
Cullen/Frost Bankers, Inc.		168		12,577
CVB Financial Corp.		280		4,082
East West Bancorp, Inc.		224		7,500
F.N.B. Corp.		392		4,798
Fifth Third Bancorp		3,123		64,615
First Financial Bancorp		56		911
First Horizon National Corp.		1,064		12,193
First Midwest Bancorp, Inc.		280		4,480
First Niagara Financial Group, Inc.		941		8,102
First Republic Bank		112		5,696
FirstMerit Corp.		448		8,364
Fulton Financial Corp.		672		8,030
Glacier Bancorp, Inc.		224		5,884
Hancock Holding Co.		112		3,783
Hudson City Bancorp, Inc.		3,248		31,733
Huntington Bancshares, Inc.		3,248		30,109
International Bancshares Corp.		224		5,398
JPMorgan Chase & Co.		15,471		859,723
KeyCorp		3,808		52,132
M&T Bank Corp.		336		40,780
MB Financial, Inc.		168		4,509
NBT Bancorp, Inc.		112		2,545
New York Community Bancorp, Inc.		2,184		33,372
Northwest Bancshares, Inc.		224		2,981
Old National Bancorp		224		3,031
People’s United Financial, Inc.		896		12,876
Popular, Inc. *		728		21,971
Prosperity Bancshares, Inc.		56		3,255
Provident Financial Services, Inc.		280		4,740
Regions Financial Corp.		6,225		63,433
Signature Bank *		5		579
SunTrust Banks, Inc.		2,192		83,997
Susquehanna Bancshares, Inc.		392		3,873
SVB Financial Group *		56		5,905
Synovus Financial Corp.		571		13,167
TCF Financial Corp.		784		12,458
The PNC Financial Services Group, Inc.		1,680		143,254
Trustmark Corp.		224		5,186
U.S. Bancorp		5,510		232,467
UMB Financial Corp.		56		3,091
Umpqua Holdings Corp.		280		4,640
United Bankshares, Inc.		168		5,090
Valley National Bancorp		784		7,597
Washington Federal, Inc.		336		6,999
Webster Financial Corp.		224		6,702
Wells Fargo & Co.		14,088		715,389
Westamerica Bancorp		112		5,485
Wintrust Financial Corp.		56		2,440
Zions Bancorp		896		25,617

				4,254,228

Capital Goods 8.2%
3M Co.		2,243		319,740

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
A.O. Smith Corp.		168		8,296
AAR Corp.		336		8,165
Actuant Corp., Class A		224		7,959
Acuity Brands, Inc.		112		14,057
AECOM Technology Corp. *		616		19,798
Aegion Corp. *		168		4,027
AGCO Corp.		504		27,196
Aircastle Ltd.		392		6,578
Albany International Corp., Class A		168		6,258
Alliant Techsystems, Inc.		168		21,217
AMETEK, Inc.		336		17,835
Apogee Enterprises, Inc.		168		5,057
Applied Industrial Technologies, Inc.		224		10,667
Armstrong World Industries, Inc. *		168		8,916
Astec Industries, Inc.		112		4,470
B/E Aerospace, Inc. *		168		16,254
Barnes Group, Inc.		224		8,373
Beacon Roofing Supply, Inc. *		168		5,796
Briggs & Stratton Corp.		392		8,067
Carlisle Cos., Inc.		224		19,009
Caterpillar, Inc.		2,352		240,445
Chart Industries, Inc. *		36		2,588
Chicago Bridge & Iron Co. N.V.		224		18,234
CIRCOR International, Inc.		56		4,271
CLARCOR, Inc.		168		9,833
Crane Co.		168		12,450
Cubic Corp.		56		2,724
Cummins, Inc.		591		90,382
Curtiss-Wright Corp.		224		14,925
Danaher Corp.		1,009		79,136
Deere & Co.		1,559		142,134
DigitalGlobe, Inc. *		56		1,700
Donaldson Co., Inc.		336		13,685
Dover Corp.		672		58,585
Dycom Industries, Inc. *		336		9,996
Eaton Corp. plc		1,120		82,533
EMCOR Group, Inc.		448		19,945
Emerson Electric Co.		3,192		213,002
Encore Wire Corp.		168		8,165
EnerSys, Inc.		168		11,599
EnPro Industries, Inc. *		56		4,110
ESCO Technologies, Inc.		56		1,883
Esterline Technologies Corp. *		112		12,482
Exelis, Inc.		1,685		28,780
Fastenal Co.		616		30,030
Flowserve Corp.		392		28,906
Fluor Corp.		1,120		84,090
Fortune Brands Home & Security, Inc.		168		6,717
Franklin Electric Co., Inc.		112		4,290
GATX Corp.		280		18,438
Generac Holdings, Inc.		56		2,726
General Cable Corp.		448		11,424
General Dynamics Corp.		1,838		217,104
General Electric Co.		38,290		1,025,789
Gibraltar Industries, Inc. *		224		3,553
Graco, Inc.		168		12,261
GrafTech International Ltd. *		616		6,437
Granite Construction, Inc.		336		11,935
H&E Equipment Services, Inc. *		168		5,821
Harsco Corp.		784		21,152
HEICO Corp.		58		3,021
Hexcel Corp. *		168		6,896
Honeywell International, Inc.		2,104		195,988
Hubbell, Inc., Class B		168		19,656
Huntington Ingalls Industries, Inc.		224		22,362
IDEX Corp.		168		12,882
Illinois Tool Works, Inc.		1,456		126,017
Ingersoll-Rand plc		1,344		80,398
ITT Corp.		1,120		48,922
Jacobs Engineering Group, Inc. *		784		43,175
Joy Global, Inc.		452		25,832
Kaman Corp.		112		4,763
KBR, Inc.		1,132		27,496
Kennametal, Inc.		280		12,611
L-3 Communications Holdings, Inc.		1,065		129,046
Layne Christensen Co. *		224		3,391
Lennox International, Inc.		280		23,778
Lincoln Electric Holdings, Inc.		280		18,393
Lockheed Martin Corp.		1,431		234,183
Masco Corp.		1,848		39,362
MasTec, Inc. *		112		4,032
Meritor, Inc. *		784		10,827
Moog, Inc., Class A *		168		12,106
MRC Global, Inc. *		362		10,422
MSC Industrial Direct Co., Inc., Class A		112		10,301
Mueller Industries, Inc.		336		9,683
Mueller Water Products, Inc., Class A		896		7,553
National Presto Industries, Inc.		56		3,942
Navistar International Corp. *		206		7,060
Nordson Corp.		112		9,132
Northrop Grumman Corp.		2,091		254,161
Orbital Sciences Corp. *		336		8,796
Oshkosh Corp.		560		30,268
Owens Corning		672		27,559
PACCAR, Inc.		1,238		78,440
Pall Corp.		224		18,982
Parker Hannifin Corp.		698		87,410
Pentair Ltd. - Reg’d		302		22,541
Polypore International, Inc. *		104		4,623
Precision Castparts Corp.		245		61,980
Quanex Building Products Corp.		224		3,987
Quanta Services, Inc. *		728		24,716
Raven Industries, Inc.		112		3,511
Raytheon Co.		2,155		210,263
Regal-Beloit Corp.		168		12,823
Rockwell Automation, Inc.		336		40,683
Rockwell Collins, Inc.		560		44,262
Roper Industries, Inc.		168		23,802
Rush Enterprises, Inc., Class A *		224		7,432
Simpson Manufacturing Co., Inc.		168		5,588
Snap-on, Inc.		168		19,701
Spirit AeroSystems Holdings, Inc., Class A *		560		18,172
SPX Corp.		336		35,159
Stanley Black & Decker, Inc.		448		39,155
TAL International Group, Inc. *		112		4,908
Teledyne Technologies, Inc. *		112		10,614
Tennant Co.		56		3,579
Terex Corp.		560		21,538
Textron, Inc.		1,344		52,712
The Babcock & Wilcox Co.		280		9,050
The Boeing Co.		1,599		216,265
The Greenbrier Cos., Inc. *		112		6,216
The Manitowoc Co., Inc.		504		13,633

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
The Middleby Corp. *		23		5,493
The Timken Co.		392		25,174
The Toro Co.		224		14,466
Titan International, Inc.		112		1,771
TransDigm Group, Inc.		112		21,135
TriMas Corp. *		56		1,966
Trinity Industries, Inc.		336		29,074
Triumph Group, Inc.		112		7,762
Tutor Perini Corp. *		672		20,583
United Rentals, Inc. *		336		33,953
United Technologies Corp.		3,699		429,898
Universal Forest Products, Inc.		280		13,594
URS Corp.		774		34,830
Valmont Industries, Inc.		56		8,677
W.W. Grainger, Inc.		193		49,865
WABCO Holdings, Inc. *		168		17,937
Wabtec Corp.		168		13,228
Watsco, Inc.		112		11,271
Watts Water Technologies, Inc., Class A		112		6,245
WESCO International, Inc. *		280		23,918
Woodward, Inc.		168		7,510
Xylem, Inc.		616		22,977

				6,509,081

Commercial & Professional Services 1.1%
ABM Industries, Inc.		504		13,744
Brady Corp., Class A		304		8,248
Cintas Corp.		560		34,787
Clean Harbors, Inc. *		112		6,844
Copart, Inc. *		370		13,161
Covanta Holding Corp.		448		8,552
Deluxe Corp.		224		12,564
Equifax, Inc.		336		23,786
FTI Consulting, Inc. *		148		4,776
G&K Services, Inc., Class A		112		5,803
Healthcare Services Group, Inc.		168		5,000
Herman Miller, Inc.		336		10,507
HNI Corp.		336		12,577
Huron Consulting Group, Inc. *		56		3,801
ICF International, Inc. *		112		4,166
IHS, Inc., Class A *		56		7,051
Insperity, Inc.		168		5,379
Interface, Inc.		168		3,064
Iron Mountain, Inc.		728		22,670
KAR Auction Services, Inc.		56		1,710
Kelly Services, Inc., Class A		616		10,940
Kforce, Inc.		224		4,935
Knoll, Inc.		224		3,929
Korn/Ferry International *		224		6,803
Manpowergroup, Inc.		871		71,405
McGrath RentCorp		112		3,839
MSA Safety, Inc.		112		6,122
Navigant Consulting, Inc. *		392		6,597
Nielsen N.V.		336		16,215
Pitney Bowes, Inc.		2,002		55,315
Quad/Graphics, Inc.		330		6,923
R.R. Donnelley & Sons Co.		3,277		51,908
Republic Services, Inc.		1,123		39,754
Resources Connection, Inc.		392		4,861
Robert Half International, Inc.		896		40,849
Rollins, Inc.		112		3,435
Steelcase, Inc., Class A		959		15,718
Stericycle, Inc. *		112		12,809
Tetra Tech, Inc.		224		5,961
The ADT Corp.		818		26,340
The Brink’s Co.		448		11,962
The Corporate Executive Board Co.		112		7,635
The Dun & Bradstreet Corp.		224		23,128
Towers Watson & Co., Class A		112		12,601
TrueBlue, Inc. *		336		9,143
UniFirst Corp.		56		5,541
United Stationers, Inc.		504		20,074
Verisk Analytics, Inc., Class A *		112		6,629
Viad Corp.		168		3,854
Waste Connections, Inc.		224		10,208
Waste Management, Inc.		2,912		130,108

				843,731

Consumer Durables & Apparel 1.2%
Arctic Cat, Inc.		56		2,089
Blyth, Inc.		168		1,467
Brunswick Corp.		112		4,827
Callaway Golf Co.		728		5,839
Carter’s, Inc.		112		8,079
Coach, Inc.		1,232		50,155
Columbia Sportswear Co.		56		4,680
Crocs, Inc. *		224		3,344
D.R. Horton, Inc.		1,064		25,196
Deckers Outdoor Corp. *		112		8,656
Ethan Allen Interiors, Inc.		23		539
Fossil Group, Inc. *		112		11,733
G-III Apparel Group Ltd. *		56		4,106
Garmin Ltd.		560		32,990
Hanesbrands, Inc.		224		19,002
Harman International Industries, Inc.		229		24,052
Hasbro, Inc.		728		39,094
Helen of Troy Ltd. *		112		6,492
JAKKS Pacific, Inc.		336		2,967
Jarden Corp. *		392		22,179
KB Home		448		7,383
La-Z-Boy, Inc.		336		8,205
Leggett & Platt, Inc.		952		32,292
Lennar Corp., Class A		336		13,742
M.D.C Holdings, Inc.		112		3,204
Mattel, Inc.		1,297		50,362
Meritage Homes Corp. *		112		4,492
Michael Kors Holdings Ltd. *		56		5,285
Mohawk Industries, Inc. *		171		23,198
NACCO Industries, Inc., Class A		56		3,038
Newell Rubbermaid, Inc.		1,176		34,433
NIKE, Inc., Class B		2,087		160,511
NVR, Inc. *		27		30,068
Polaris Industries, Inc.		112		14,439
PulteGroup, Inc.		672		13,144
PVH Corp.		112		14,743
Quiksilver, Inc. *		1,064		6,320
Ralph Lauren Corp.		183		28,087
Skechers U.S.A., Inc., Class A *		280		12,460
Steven Madden Ltd. *		60		1,912
Tempur Sealy International, Inc. *		280		15,389
The Ryland Group, Inc.		112		4,222
Toll Brothers, Inc. *		336		12,170

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Tupperware Brands Corp.		168		14,065
Under Armour, Inc., Class A *		112		5,688
VF Corp.		954		60,121
Whirlpool Corp.		458		65,746
Wolverine World Wide, Inc.		317		8,201

				930,406

Consumer Services 1.8%
Apollo Education Group, Inc. *		1,736		46,525
Bally Technologies, Inc. *		112		6,608
Bob Evans Farms, Inc.		363		16,215
Boyd Gaming Corp. *		784		8,585
Brinker International, Inc.		616		30,584
Buffalo Wild Wings, Inc. *		6		867
Burger King Worldwide, Inc.		195		5,010
Caesars Entertainment Corp. *		672		12,251
Capella Education Co.		56		3,205
Career Education Corp. *		2,352		10,984
Carnival Corp.		1,456		58,284
Chipotle Mexican Grill, Inc. *		23		12,583
Choice Hotels International, Inc.		56		2,521
Cracker Barrel Old Country Store, Inc.		112		11,262
Darden Restaurants, Inc.		840		42,101
DeVry Education Group, Inc.		336		14,189
DineEquity, Inc.		56		4,446
Domino’s Pizza, Inc.		224		16,229
Dunkin’ Brands Group, Inc.		56		2,507
Graham Holdings Co., Class B		31		20,985
H&R Block, Inc.		896		26,683
Hillenbrand, Inc.		224		6,785
Hyatt Hotels Corp., Class A *		112		6,850
International Game Technology		1,568		19,678
International Speedway Corp., Class A		168		5,223
ITT Educational Services, Inc. *		248		4,271
Jack in the Box, Inc.		336		19,397
Las Vegas Sands Corp.		224		17,140
Life Time Fitness, Inc. *		112		5,958
Marriott International, Inc., Class A		757		46,646
Marriott Vacations Worldwide Corp. *		56		3,172
Matthews International Corp., Class A		168		6,888
McDonald’s Corp.		4,186		424,586
MGM Resorts International *		1,008		25,956
Panera Bread Co., Class A *		56		8,602
Papa John’s International, Inc.		112		4,857
Penn National Gaming, Inc. *		224		2,612
Pinnacle Entertainment, Inc. *		224		5,528
Red Robin Gourmet Burgers, Inc. *		112		8,073
Regis Corp.		560		7,706
Royal Caribbean Cruises Ltd.		728		40,251
Ruby Tuesday, Inc. *		840		6,611
SeaWorld Entertainment, Inc.		56		1,709
Service Corp. International		1,008		20,180
Six Flags Entertainment Corp.		112		4,532
Sonic Corp. *		616		12,813
Sotheby’s		168		6,633
Starbucks Corp.		1,120		82,029
Starwood Hotels & Resorts Worldwide, Inc.		672		53,659
Steiner Leisure Ltd. *		56		2,250
Strayer Education, Inc. *		224		12,239
Texas Roadhouse, Inc.		224		5,663
The Cheesecake Factory, Inc.		280		12,844
The Wendy’s Co.		1,568		12,858
Vail Resorts, Inc.		112		7,805
Weight Watchers International, Inc.		306		6,374
Wyndham Worldwide Corp.		538		39,774
Wynn Resorts Ltd.		224		48,153
Yum! Brands, Inc.		1,288		99,575

				1,458,504

Diversified Financials 3.0%
Affiliated Managers Group, Inc. *		56		10,562
American Capital Ltd. *		280		4,133
American Express Co.		2,563		234,514
Ameriprise Financial, Inc.		504		56,755
Ares Capital Corp.		672		11,585
Berkshire Hathaway, Inc., Class B *		3,890		499,242
BlackRock, Inc.		168		51,223
Capital One Financial Corp.		2,040		160,936
Cash America International, Inc.		112		5,321
CBOE Holdings, Inc.		112		5,676
CME Group, Inc.		560		40,320
DFC Global Corp. *		383		3,589
Discover Financial Services		1,176		69,537
ETRADE Financial Corp.		728		14,829
Eaton Vance Corp.		416		15,454
Ezcorp, Inc., Class A *		347		4,240
Federated Investors, Inc., Class B		616		17,414
First Cash Financial Services, Inc. *		68		3,571
Franklin Resources, Inc.		1,400		77,294
Greenhill & Co., Inc.		112		5,569
IntercontinentalExchange Group, Inc.		172		33,781
Invesco Ltd.		1,008		36,994
Investment Technology Group, Inc. *		392		7,499
Janus Capital Group, Inc.		1,568		18,314
Lazard Ltd., Class A		168		8,484
Legg Mason, Inc.		896		43,761
Leucadia National Corp.		280		7,182
LPL Financial Holdings, Inc.		112		5,253
McGraw Hill Financial, Inc.		1,255		102,621
Moody’s Corp.		472		40,375
Morgan Stanley		3,386		104,492
MSCI, Inc. *		280		12,085
Nelnet, Inc., Class A		95		3,911
Northern Trust Corp.		672		40,589
PHH Corp. *		840		21,395
Raymond James Financial, Inc.		224		10,842
SEI Investments Co.		448		14,753
SLM Corp.		1,176		10,125
State Street Corp.		952		62,137
Stifel Financial Corp. *		56		2,531
T. Rowe Price Group, Inc.		644		52,505
TD Ameritrade Holding Corp.		455		13,805
The Bank of New York Mellon Corp.		2,912		100,639
The Charles Schwab Corp. (a)		2,632		66,353
The Goldman Sachs Group, Inc.		1,633		260,970
The NASDAQ OMX Group, Inc.		453		17,169
Waddell & Reed Financial, Inc., Class A		224		13,525
World Acceptance Corp. *		56		4,423

				2,408,277

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)

Energy 15.3%
Alpha Natural Resources, Inc. *		3,012		10,181
Anadarko Petroleum Corp.		1,434		147,501
Apache Corp.		1,721		160,432
Arch Coal, Inc.		3,752		13,357
Atwood Oceanics, Inc. *		112		5,527
Baker Hughes, Inc.		2,058		145,130
Basic Energy Services, Inc. *		224		6,093
Bill Barrett Corp. *		224		5,600
Bristow Group, Inc.		112		8,510
Cabot Oil & Gas Corp.		336		12,177
Cameron International Corp. *		616		39,393
CARBO Ceramics, Inc.		56		7,704
Chesapeake Energy Corp.		3,752		107,757
Chevron Corp.		14,189		1,742,267
Cimarex Energy Co.		224		28,925
Cloud Peak Energy, Inc. *		280		5,172
Comstock Resources, Inc.		224		6,091
Concho Resources, Inc. *		56		7,381
ConocoPhillips		19,432		1,553,394
CONSOL Energy, Inc.		728		32,156
Delek US Holdings, Inc.		247		7,674
Denbury Resources, Inc.		1,024		17,295
Devon Energy Corp.		2,352		173,813
Diamond Offshore Drilling, Inc.		626		31,964
Dresser-Rand Group, Inc. *		224		13,709
Dril-Quip, Inc. *		56		5,724
Energen Corp.		280		23,906
Energy XXI Bermuda Ltd.		112		2,402
EOG Resources, Inc.		896		94,797
EQT Corp.		224		23,941
EXCO Resources, Inc.		672		3,535
Exterran Holdings, Inc.		504		21,037
Exxon Mobil Corp.		35,031		3,521,666
FMC Technologies, Inc. *		448		26,011
Forest Oil Corp. *		3,249		7,993
Green Plains, Inc.		195		5,698
Gulfmark Offshore, Inc., Class A		56		2,599
Halliburton Co.		2,974		192,239
Helix Energy Solutions Group, Inc. *		560		13,093
Helmerich & Payne, Inc.		280		30,786
Hercules Offshore, Inc. *		967		4,390
Hess Corp.		2,296		209,625
HollyFrontier Corp.		728		35,854
Hornbeck Offshore Services, Inc. *		81		3,664
ION Geophysical Corp. *		798		3,328
Key Energy Services, Inc. *		1,232		9,918
Kinder Morgan, Inc.		1,266		42,272
Marathon Oil Corp.		7,682		281,622
Marathon Petroleum Corp.		2,119		189,417
Matrix Service Co. *		168		5,485
McDermott International, Inc. *		2,632		19,108
Murphy Oil Corp.		2,104		129,754
Nabors Industries Ltd.		2,270		59,542
National Oilwell Varco, Inc.		1,408		115,273
Newfield Exploration Co. *		896		32,686
Newpark Resources, Inc. *		336		3,783
Noble Energy, Inc.		672		48,431
Nordic American Tankers Ltd.		448		3,665
Occidental Petroleum Corp.		3,331		332,067
Oceaneering International, Inc.		224		16,139
Oil States International, Inc. *		168		18,073
ONEOK, Inc.		784		50,560
Parker Drilling Co. *		1,008		6,522
Patterson-UTI Energy, Inc.		851		28,160
PDC Energy, Inc. *		56		3,595
Peabody Energy Corp.		2,696		43,567
Penn Virginia Corp. *		639		9,700
Phillips 66		7,885		668,569
Pioneer Energy Services Corp. *		392		6,233
Pioneer Natural Resources Co.		117		24,589
QEP Resources, Inc.		1,022		32,643
Quicksilver Resources, Inc. *		1,624		3,914
Range Resources Corp.		168		15,616
Rosetta Resources, Inc. *		56		2,639
Rowan Cos. plc, Class A		448		13,870
SandRidge Energy, Inc. *		1,176		7,844
Schlumberger Ltd.		3,533		367,573
SEACOR Holdings, Inc. *		224		17,938
Seadrill Ltd.		1,155		43,890
SemGroup Corp., Class A		224		15,219
Ship Finance International Ltd.		224		4,148
SM Energy Co.		186		14,101
Southwestern Energy Co. *		616		28,009
Spectra Energy Corp.		2,093		84,934
Stone Energy Corp. *		280		12,429
Superior Energy Services, Inc.		560		18,586
Swift Energy Co. *		336		3,646
Targa Resources Corp.		112		12,876
Teekay Corp.		224		12,958
Tesoro Corp.		1,232		69,238
TETRA Technologies, Inc. *		616		7,102
The Williams Cos., Inc.		2,240		105,190
Tidewater, Inc.		294		15,323
Ultra Petroleum Corp. *		336		9,079
Unit Corp. *		321		20,390
Valero Energy Corp.		8,273		463,702
W&T Offshore, Inc.		280		4,108
Western Refining, Inc.		392		16,080
Whiting Petroleum Corp. *		224		16,094
Willbros Group, Inc. *		560		6,810
World Fuel Services Corp.		1,176		54,519
WPX Energy, Inc. *		1,904		40,327

				12,211,016

Food & Staples Retailing 3.9%
Casey’s General Stores, Inc.		280		19,944
Costco Wholesale Corp.		2,476		287,266
CVS Caremark Corp.		8,680		679,818
PriceSmart, Inc.		56		5,132
Rite Aid Corp. *		2,072		17,322
Roundy’s, Inc.		541		2,905
Safeway, Inc.		4,887		167,820
SUPERVALU, Inc. *		6,496		48,525
Susser Holdings Corp. *		112		8,883
Sysco Corp.		4,592		172,338
The Andersons, Inc.		160		8,150
The Fresh Market, Inc. *		95		2,912
The Kroger Co.		4,933		235,501
The Pantry, Inc. *		1,120		18,917
United Natural Foods, Inc. *		224		15,100
Wal-Mart Stores, Inc.		12,581		965,843

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Walgreen Co.		5,960		428,584
Whole Foods Market, Inc.		793		30,324

				3,115,284

Food, Beverage & Tobacco 5.1%
Altria Group, Inc.		8,525		354,299
Archer-Daniels-Midland Co.		6,440		289,414
B&G Foods, Inc.		119		4,077
Brown-Forman Corp., Class B		336		31,137
Bunge Ltd.		2,092		162,569
Cal-Maine Foods, Inc.		56		3,907
Campbell Soup Co.		1,008		46,267
Chiquita Brands International, Inc. *		1,064		10,917
Coca-Cola Enterprises, Inc.		1,542		70,377
ConAgra Foods, Inc.		2,655		85,756
Constellation Brands, Inc., Class A *		392		32,979
Darling Ingredients, Inc. *		168		3,358
Dean Foods Co.		2,056		35,733
Dr. Pepper Snapple Group, Inc.		952		54,930
Flowers Foods, Inc.		616		12,844
Fresh Del Monte Produce, Inc.		392		11,356
General Mills, Inc.		2,184		119,967
Hormel Foods Corp.		504		24,802
Ingredion, Inc.		280		21,322
J&J Snack Foods Corp.		56		5,246
Kellogg Co.		1,008		69,532
Keurig Green Mountain, Inc.		56		6,316
Kraft Foods Group, Inc.		2,371		140,980
Lancaster Colony Corp.		112		10,000
Lorillard, Inc.		1,568		97,483
McCormick & Co., Inc. Non-Voting Shares		392		28,346
Mead Johnson Nutrition Co.		224		20,041
Molson Coors Brewing Co., Class B		504		33,128
Mondelez International, Inc., Class A		9,451		355,547
Monster Beverage Corp. *		224		15,541
PepsiCo, Inc.		5,558		490,938
Philip Morris International, Inc.		5,962		527,875
Pilgrim’s Pride Corp. *		336		8,548
Post Holdings, Inc. *		168		8,395
Reynolds American, Inc.		1,238		73,822
Sanderson Farms, Inc.		168		15,542
Seaboard Corp. *		1		2,695
Snyder’s-Lance, Inc.		168		4,566
The Coca-Cola Co.		9,984		408,445
The Hain Celestial Group, Inc. *		56		5,080
The Hershey Co.		280		27,255
The Hillshire Brands Co.		2,072		110,396
The J.M. Smucker Co.		439		45,041
The WhiteWave Foods Co., Class A *		336		10,581
TreeHouse Foods, Inc. *		112		8,394
Tyson Foods, Inc., Class A		2,663		113,071
Universal Corp.		224		11,995
Vector Group Ltd.		225		4,705

				4,035,515

Health Care Equipment & Services 5.8%
Abbott Laboratories		8,512		340,565
Aetna, Inc.		2,487		192,867
Alere, Inc. *		280		10,016
Allscripts Healthcare Solutions, Inc. *		56		825
Amedisys, Inc. *		504		7,333
AmerisourceBergen Corp.		2,191		160,337
Amsurg Corp. *		112		5,071
Analogic Corp.		56		3,826
Baxter International, Inc.		2,185		162,586
Becton Dickinson & Co.		897		105,577
Boston Scientific Corp. *		4,939		63,367
Brookdale Senior Living, Inc. *		280		9,313
C.R. Bard, Inc.		336		49,698
Cardinal Health, Inc.		3,270		230,960
CareFusion Corp. *		672		28,849
Catamaran Corp. *		280		12,253
Centene Corp. *		224		16,693
Cerner Corp. *		224		12,107
Chemed Corp.		112		9,865
Cigna Corp.		673		60,422
Community Health Systems, Inc. *		1,008		42,104
CONMED Corp.		112		5,029
Covidien plc		1,374		100,453
DaVita HealthCare Partners, Inc. *		560		39,530
DENTSPLY International, Inc.		392		18,538
Edwards Lifesciences Corp. *		194		15,753
Express Scripts Holding Co. *		1,545		110,421
Gentiva Health Services, Inc. *		368		5,016
Greatbatch, Inc. *		112		5,232
Haemonetics Corp. *		112		3,815
Hanger, Inc. *		56		1,701
HCA Holdings, Inc. *		2,455		130,091
Health Net, Inc. *		1,568		62,689
HealthSouth Corp.		168		5,900
Healthways, Inc. *		280		4,824
Henry Schein, Inc. *		336		40,202
Hill-Rom Holdings, Inc.		336		13,336
Hologic, Inc. *		448		10,949
Humana, Inc.		1,214		151,094
IDEXX Laboratories, Inc. *		112		14,390
Integra LifeSciences Holdings Corp. *		56		2,517
Intuitive Surgical, Inc. *		38		14,050
Invacare Corp.		448		7,392
Kindred Healthcare, Inc.		847		21,023
Laboratory Corp. of America Holdings *		347		35,595
LifePoint Hospitals, Inc. *		336		20,577
Magellan Health Services, Inc. *		280		17,049
Masimo Corp. *		112		2,760
McKesson Corp.		1,639		310,820
MEDNAX, Inc. *		224		12,909
Medtronic, Inc.		3,865		235,881
Molina Healthcare, Inc. *		224		9,652
MWI Veterinary Supply, Inc. *		12		1,674
Omnicare, Inc.		599		38,066
Owens & Minor, Inc.		728		25,247
Patterson Cos., Inc.		504		19,737
PharMerica Corp. *		392		10,639
Quest Diagnostics, Inc.		1,047		62,705
ResMed, Inc.		168		8,410
Select Medical Holdings Corp.		626		9,484
Sirona Dental Systems, Inc. *		56		4,212
St. Jude Medical, Inc.		1,108		71,909
STERIS Corp.		280		14,986
Stryker Corp.		968		81,786
Teleflex, Inc.		168		17,916

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Tenet Healthcare Corp. *		619		29,093
The Cooper Cos., Inc.		56		7,225
UnitedHealth Group, Inc.		6,756		537,980
Universal Health Services, Inc., Class B		336		30,096
Varian Medical Systems, Inc. *		336		27,703
VCA Antech, Inc. *		336		11,306
WellCare Health Plans, Inc. *		287		22,228
WellPoint, Inc.		4,875		528,255
West Pharmaceutical Services, Inc.		224		9,428
Zimmer Holdings, Inc.		840		87,654

				4,611,561

Household & Personal Products 1.9%
Avon Products, Inc.		2,942		42,041
Central Garden & Pet Co., Class A *		1,344		10,698
Church & Dwight Co., Inc.		280		19,384
Colgate-Palmolive Co.		2,576		176,199
Elizabeth Arden, Inc. *		56		1,519
Energizer Holdings, Inc.		224		25,984
Herbalife Ltd.		336		21,783
Kimberly-Clark Corp.		1,363		153,133
Nu Skin Enterprises, Inc., Class A		123		9,082
Spectrum Brands Holdings, Inc.		56		4,361
The Clorox Co.		336		30,112
The Estee Lauder Cos., Inc., Class A		392		30,035
The Procter & Gamble Co.		12,433		1,004,462
WD-40 Co.		56		4,042

				1,532,835

Insurance 3.4%
ACE Ltd.		953		98,836
Aflac, Inc.		1,568		96,009
Alleghany Corp. *		14		5,896
Allied World Assurance Co. Holdings AG		504		18,900
American Equity Investment Life Holding Co.		336		7,567
American Financial Group, Inc.		448		26,154
American International Group, Inc.		3,943		213,198
Aon plc		728		65,476
Arch Capital Group Ltd. *		616		35,069
Argo Group International Holdings Ltd.		168		8,140
Arthur J. Gallagher & Co.		336		15,399
Aspen Insurance Holdings Ltd.		448		20,586
Assurant, Inc.		728		49,366
Assured Guaranty Ltd.		224		5,470
Axis Capital Holdings Ltd.		672		30,905
Brown & Brown, Inc.		280		8,453
Cincinnati Financial Corp.		672		32,941
CNO Financial Group, Inc.		1,120		18,066
Endurance Specialty Holdings Ltd.		448		23,171
Everest Re Group Ltd.		229		36,645
Fidelity National Financial, Inc., Class A		1,248		41,608
First American Financial Corp.		504		14,122
Genworth Financial, Inc., Class A *		2,389		40,589
HCC Insurance Holdings, Inc.		392		18,416
Horace Mann Educators Corp.		168		4,907
Infinity Property & Casualty Corp.		112		7,169
Kemper Corp.		448		15,658
Lincoln National Corp.		864		41,437
Loews Corp.		1,400		60,382
Markel Corp. *		15		9,603
Marsh & McLennan Cos., Inc.		1,568		78,823
Mercury General Corp.		168		7,921
MetLife, Inc.		2,296		116,935
Montpelier Re Holdings Ltd.		224		7,043
Old Republic International Corp.		1,120		19,152
PartnerRe Ltd.		392		42,089
Platinum Underwriters Holdings Ltd.		337		21,619
Primerica, Inc.		392		17,656
Principal Financial Group, Inc.		784		36,668
ProAssurance Corp.		168		7,636
Protective Life Corp.		392		20,502
Prudential Financial, Inc.		1,590		130,634
Reinsurance Group of America, Inc.		280		21,885
RenaissanceRe Holdings Ltd.		306		31,876
RLI Corp.		224		9,990
Safety Insurance Group, Inc.		56		2,888
Selective Insurance Group, Inc.		265		6,299
StanCorp Financial Group, Inc.		280		16,828
Stewart Information Services Corp.		56		1,796
Symetra Financial Corp.		224		4,670
The Allstate Corp.		2,558		149,029
The Chubb Corp.		1,808		167,529
The Hanover Insurance Group, Inc.		280		16,814
The Hartford Financial Services Group, Inc.		2,872		99,515
The Progressive Corp.		3,976		99,519
The Travelers Cos., Inc.		3,999		373,706
Torchmark Corp.		392		31,725
Tower Group International Ltd.		1,208		2,597
Unum Group		1,344		45,575
Validus Holdings Ltd.		336		12,543
W.R. Berkley Corp.		616		27,455
White Mountains Insurance Group Ltd.		22		12,991
XL Group plc		1,008		32,720

				2,744,766

Materials 4.1%
A. Schulman, Inc.		224		7,887
A.M. Castle & Co. *		224		2,704
Air Products & Chemicals, Inc.		776		93,097
Airgas, Inc.		224		23,816
AK Steel Holding Corp. *		3,024		18,507
Albemarle Corp.		280		19,373
Alcoa, Inc.		12,610		171,622
Allegheny Technologies, Inc.		784		32,199
AptarGroup, Inc.		280		18,645
Ashland, Inc.		336		34,608
Avery Dennison Corp.		672		34,070
Axiall Corp.		168		7,763
Ball Corp.		784		47,322
Bemis Co., Inc.		560		23,190
Cabot Corp.		336		19,001
Carpenter Technology Corp.		168		10,498
Celanese Corp., Series A		504		31,601
Century Aluminum Co. *		560		7,644
CF Industries Holdings, Inc.		168		40,876
Chemtura Corp. *		448		11,191
Clearwater Paper Corp. *		56		3,476
Cliffs Natural Resources, Inc.		1,400		21,952

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Coeur Mining, Inc. *		56		383
Commercial Metals Co.		1,568		27,832
Compass Minerals International, Inc.		112		10,415
Crown Holdings, Inc. *		336		16,414
Cytec Industries, Inc.		234		23,248
Domtar Corp.		448		40,714
E.I. du Pont de Nemours & Co.		2,679		185,682
Eagle Materials, Inc.		112		9,741
Eastman Chemical Co.		576		50,838
Ecolab, Inc.		327		35,705
Ferro Corp. *		840		10,752
FMC Corp.		280		21,437
Freeport-McMoRan Copper & Gold, Inc.		6,443		219,384
Graphic Packaging Holding Co. *		616		6,770
Greif, Inc., Class A		168		9,176
H.B. Fuller Co.		224		10,714
Hecla Mining Co.		224		620
Huntsman Corp.		1,120		29,893
Innophos Holdings, Inc.		112		5,880
Innospec, Inc.		56		2,362
International Flavors & Fragrances, Inc.		224		22,234
International Paper Co.		2,266		107,930
Kaiser Aluminum Corp.		112		7,669
KapStone Paper & Packaging Corp. *		224		6,507
Koppers Holdings, Inc.		56		2,035
Kraton Performance Polymers, Inc. *		168		4,178
Louisiana-Pacific Corp. *		336		4,771
LyondellBasell Industries N.V., Class A		1,670		166,282
Martin Marietta Materials, Inc.		168		20,630
Materion Corp.		112		3,818
MeadWestvaco Corp.		952		38,632
Minerals Technologies, Inc.		168		10,416
Monsanto Co.		1,120		136,472
Myers Industries, Inc.		224		4,760
NewMarket Corp.		27		10,571
Newmont Mining Corp.		3,262		74,667
Nucor Corp.		2,240		113,411
Olin Corp.		392		10,682
OM Group, Inc.		280		8,624
Owens-Illinois, Inc. *		952		31,635
P.H. Glatfelter Co.		280		7,370
Packaging Corp. of America		336		23,238
PolyOne Corp.		280		11,236
PPG Industries, Inc.		448		90,321
Praxair, Inc.		896		118,487
Reliance Steel & Aluminum Co.		504		36,263
Resolute Forest Products, Inc. *		896		13,413
Rock-Tenn Co., Class A		168		16,973
Rockwood Holdings, Inc.		168		12,830
RPM International, Inc.		504		21,707
RTI International Metals, Inc. *		112		3,004
Schnitzer Steel Industries, Inc., Class A		504		12,560
Schweitzer-Mauduit International, Inc.		112		4,668
Sealed Air Corp.		896		29,505
Sensient Technologies Corp.		224		12,275
Sigma-Aldrich Corp.		337		33,205
Silgan Holdings, Inc.		224		10,938
Sonoco Products Co.		616		26,020
Southern Copper Corp.		934		27,758
Steel Dynamics, Inc.		1,680		29,014
Stepan Co.		56		2,997
Stillwater Mining Co. *		280		4,707
SunCoke Energy, Inc. *		280		5,622
The Dow Chemical Co.		5,325		277,539
The Mosaic Co.		1,496		74,785
The Scotts Miracle-Gro Co., Class A		224		13,429
The Sherwin-Williams Co.		168		34,374
The Valspar Corp.		280		20,905
Tredegar Corp.		168		3,570
United States Steel Corp.		2,184		50,319
Vulcan Materials Co.		448		27,315
W.R. Grace & Co. *		56		5,156
Walter Energy, Inc.		902		4,402
Wausau Paper Corp.		336		3,575
Westlake Chemical Corp.		112		9,055
Worthington Industries, Inc.		336		13,541

				3,277,002

Media 3.7%
AMC Networks, Inc., Class A *		56		3,465
Cablevision Systems Corp., Class A		2,016		35,542
CBS Corp., Class B Non-Voting Shares		2,162		128,877
Charter Communications, Inc., Class A *		224		32,063
Cinemark Holdings, Inc.		563		17,746
Comcast Corp., Class A		7,311		381,634
Dex Media, Inc. *		1,715		17,013
DIRECTV *		3,291		271,310
Discovery Communications, Inc., Class A *		514		39,558
DISH Network Corp., Class A *		616		36,135
DreamWorks Animation SKG, Inc., Class A *		228		6,402
Gannett Co., Inc.		1,792		49,800
John Wiley & Sons, Inc., Class A		168		9,203
Lamar Advertising Co., Class A		336		16,578
Liberty Global plc, Class A *		1,870		84,187
Liberty Global plc, Series C *		1,888		80,806
Lions Gate Entertainment Corp.		112		2,927
Live Nation Entertainment, Inc. *		560		13,283
Meredith Corp.		196		8,812
National CineMedia, Inc.		168		2,633
Omnicom Group, Inc.		1,176		83,672
Regal Entertainment Group, Class A		560		10,926
Scholastic Corp.		336		10,712
Scripps Networks Interactive, Inc., Class A		198		15,139
Sinclair Broadcast Group, Inc., Class A		135		3,993
Sirius XM Holdings, Inc. *		168		551
Starz, Class A *		784		23,990
The E.W. Scripps Co., Class A *		392		7,652
The Interpublic Group of Cos., Inc.		1,232		23,556
The Madison Square Garden Co., Class A *		112		6,143
The New York Times Co., Class A		952		14,147
The Walt Disney Co.		5,840		490,618
Thomson Reuters Corp.		1,792		62,165
Time Warner Cable, Inc.		1,344		189,719
Time Warner, Inc.		5,975		417,234
Twenty-First Century Fox, Inc., Class A		5,488		194,330
Viacom, Inc., Class B		1,961		167,332

				2,959,853

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)

Pharmaceuticals, Biotechnology & Life Sciences 5.3%
AbbVie, Inc.		3,221		174,997
Actavis plc *		244		51,616
Agilent Technologies, Inc.		977		55,630
Alexion Pharmaceuticals, Inc. *		11		1,830
Allergan, Inc.		392		65,644
Amgen, Inc.		2,968		344,258
Bio-Rad Laboratories, Inc., Class A *		56		6,761
Biogen Idec, Inc. *		174		55,570
Bristol-Myers Squibb Co.		5,015		249,446
Bruker Corp. *		56		1,173
Cambrex Corp. *		112		2,407
Celgene Corp. *		263		40,247
Charles River Laboratories International, Inc. *		280		15,002
Covance, Inc. *		224		18,785
Cubist Pharmaceuticals, Inc. *		56		3,730
Eli Lilly & Co.		4,232		253,328
Endo International plc *		392		27,671
Forest Laboratories, Inc. *		1,035		98,097
Gilead Sciences, Inc. *		2,102		170,704
Hospira, Inc. *		560		27,535
Illumina, Inc. *		112		17,724
Impax Laboratories, Inc. *		168		4,664
Johnson & Johnson		9,213		934,751
Merck & Co., Inc.		8,770		507,432
Mettler-Toledo International, Inc. *		60		14,701
Mylan, Inc. *		672		33,493
Myriad Genetics, Inc. *		56		1,857
PAREXEL International Corp. *		112		5,650
PDL BioPharma, Inc.		672		6,297
PerkinElmer, Inc.		392		17,628
Perrigo Co., plc		112		15,478
Pfizer, Inc.		28,280		837,936
QIAGEN N.V. *		336		7,715
Techne Corp.		56		4,916
Thermo Fisher Scientific, Inc.		786		91,891
United Therapeutics Corp. *		56		5,362
Waters Corp. *		224		22,436
Zoetis, Inc.		210		6,447

				4,200,809

Real Estate 1.7%
Alexandria Real Estate Equities, Inc.		112		8,522
American Campus Communities, Inc.		56		2,175
American Capital Agency Corp.		448		10,631
American Tower Corp.		238		21,332
Annaly Capital Management, Inc.		5,729		67,545
Anworth Mortgage Asset Corp.		560		3,024
Apartment Investment & Management Co., Class A		672		21,155
Ashford Hospitality Trust, Inc.		114		1,220
AvalonBay Communities, Inc.		168		23,829
BioMed Realty Trust, Inc.		280		6,076
Boston Properties, Inc.		337		40,669
Brandywine Realty Trust		616		9,425
Camden Property Trust		168		11,800
Capstead Mortgage Corp.		336		4,425
CBL & Associates Properties, Inc.		392		7,377
CBRE Group, Inc., Class A *		504		15,039
Chimera Investment Corp.		2,464		7,762
CommonWealth REIT		560		14,734
Corporate Office Properties Trust		224		6,171
Corrections Corp. of America		336		10,930
Cousins Properties, Inc.		336		4,032
Crown Castle International Corp.		378		29,004
CYS Investments, Inc.		546		5,045
DCT Industrial Trust, Inc.		616		4,879
DDR Corp.		560		9,694
DiamondRock Hospitality Co.		560		6,955
Digital Realty Trust, Inc.		280		16,100
Douglas Emmett, Inc.		224		6,359
Duke Realty Corp.		896		15,859
EastGroup Properties, Inc.		56		3,565
EPR Properties		112		6,039
Equity Lifestyle Properties, Inc.		56		2,449
Equity Residential		754		46,597
Essex Property Trust, Inc.		86		15,563
Extra Space Storage, Inc.		112		5,863
Federal Realty Investment Trust		112		13,386
Forest City Enterprises, Inc., Class A *		168		3,197
General Growth Properties, Inc.		672		16,014
Glimcher Realty Trust		224		2,468
Hatteras Financial Corp.		168		3,409
HCP, Inc.		738		30,811
Health Care REIT, Inc.		343		21,688
Healthcare Realty Trust, Inc.		168		4,188
Highwoods Properties, Inc.		280		11,362
Home Properties, Inc.		112		6,964
Hospitality Properties Trust		672		19,495
Host Hotels & Resorts, Inc.		1,904		42,021
Inland Real Estate Corp.		336		3,568
Invesco Mortgage Capital, Inc.		485		8,614
iStar Financial, Inc. *		1,120		16,173
Jones Lang LaSalle, Inc.		169		20,498
Kilroy Realty Corp.		112		6,785
Kimco Realty Corp.		1,064		24,387
LaSalle Hotel Properties		224		7,390
Lexington Realty Trust		448		5,085
Liberty Property Trust		392		15,174
Mack-Cali Realty Corp.		616		13,398
MFA Financial, Inc.		784		6,452
Mid-America Apartment Communities, Inc.		176		12,734
National Retail Properties, Inc.		112		3,918
NorthStar Realty Finance Corp.		448		7,414
Omega Healthcare Investors, Inc.		168		6,198
Pennsylvania Real Estate Investment Trust		224		4,021
Piedmont Office Realty Trust, Inc., Class A		616		11,470
Plum Creek Timber Co., Inc.		560		25,256
Post Properties, Inc.		195		9,974
Potlatch Corp.		224		8,996
Prologis, Inc.		392		16,272
PS Business Parks, Inc.		56		4,715
Public Storage		224		38,613
RAIT Financial Trust		560		4,390
Rayonier, Inc.		280		13,328
Realty Income Corp.		168		7,274
Redwood Trust, Inc.		336		6,549
Regency Centers Corp.		302		16,127

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Retail Properties of America, Inc., Class A		419		6,302
RLJ Lodging Trust		168		4,655
Ryman Hospitality Properties, Inc.		112		5,167
Sabra Health Care REIT, Inc.		280		8,198
Senior Housing Properties Trust		224		5,372
Simon Property Group, Inc.		392		65,252
SL Green Realty Corp.		112		12,263
Sovran Self Storage, Inc.		56		4,301
Starwood Property Trust, Inc.		67		1,634
Sun Communities, Inc.		56		2,712
Sunstone Hotel Investors, Inc.		392		5,758
Tanger Factory Outlet Centers, Inc.		112		3,967
Taubman Centers, Inc.		112		8,389
The Geo Group, Inc.		168		5,714
The Macerich Co.		224		14,793
UDR, Inc.		660		18,163
Ventas, Inc.		392		26,186
Vornado Realty Trust		449		48,079
Washington REIT		168		4,339
Weingarten Realty Investors		336		10,681
Weyerhaeuser Co.		4,480		140,762
WP Carey, Inc.		112		7,128

				1,381,435

Retailing 4.3%
Aaron’s, Inc.		728		23,908
Abercrombie & Fitch Co., Class A		784		29,800
Advance Auto Parts, Inc.		336		41,721
Aeropostale, Inc. *		1,406		5,497
Amazon.com, Inc. *		190		59,385
American Eagle Outfitters, Inc.		2,255		24,196
ANN, Inc. *		392		15,237
Asbury Automotive Group, Inc. *		235		15,190
Ascena Retail Group, Inc. *		336		5,610
AutoNation, Inc. *		280		16,008
AutoZone, Inc. *		56		29,820
Barnes & Noble, Inc. *		504		9,143
Bed Bath & Beyond, Inc. *		1,081		65,779
Best Buy Co., Inc.		4,864		134,538
Big Lots, Inc. *		896		38,026
Brown Shoe Co., Inc.		392		11,035
Cabela’s, Inc. *		56		3,429
CarMax, Inc. *		560		24,814
Chico’s FAS, Inc.		672		10,188
Core-Mark Holding Co., Inc.		336		27,780
Dick’s Sporting Goods, Inc.		280		12,446
Dillard’s, Inc., Class A		224		25,256
Dollar General Corp. *		930		50,015
Dollar Tree, Inc. *		840		44,545
DSW, Inc., Class A		112		2,806
Expedia, Inc.		496		36,357
Express, Inc. *		224		2,825
Family Dollar Stores, Inc.		504		29,534
Foot Locker, Inc.		922		44,422
Fred’s, Inc., Class A		560		8,551
GameStop Corp., Class A		1,232		46,631
Genesco, Inc. *		112		8,388
Genuine Parts Co.		841		72,604
GNC Holdings, Inc., Class A		82		3,027
Group 1 Automotive, Inc.		224		18,032
Guess?, Inc.		290		7,395
hhgregg, Inc. *		347		3,192
Hibbett Sports, Inc. *		56		2,945
HSN, Inc.		112		6,229
J.C. Penney Co., Inc. *		6,034		54,246
Jos. A. Bank Clothiers, Inc. *		112		7,274
Kohl’s Corp.		2,464		134,140
L Brands, Inc.		840		48,208
Liberty Interactive Corp., Class A *		2,387		69,533
Lithia Motors, Inc., Class A		112		8,784
LKQ Corp. *		206		5,714
Lowe’s Cos., Inc.		7,000		329,560
Lumber Liquidators Holdings, Inc. *		56		4,350
Macy’s, Inc.		1,891		113,252
Monro Muffler Brake, Inc.		56		3,025
Netflix, Inc. *		19		7,939
Nordstrom, Inc.		786		53,495
Nutrisystem, Inc.		672		11,088
O’Reilly Automotive, Inc. *		280		41,426
Office Depot, Inc. *		5,600		28,672
Outerwall, Inc. *		153		10,822
Penske Automotive Group, Inc.		280		13,026
PetSmart, Inc.		545		31,321
Pier 1 Imports, Inc.		168		2,958
Pool Corp.		112		6,466
RadioShack Corp. *		3,110		4,665
Rent-A-Center, Inc.		560		15,658
Ross Stores, Inc.		505		34,567
Sally Beauty Holdings, Inc. *		112		2,869
Sears Holdings Corp. *		1,120		47,102
Sears Hometown & Outlet Stores, Inc. *		112		2,467
Select Comfort Corp. *		112		2,076
Signet Jewelers Ltd.		336		35,646
Sonic Automotive, Inc., Class A		392		10,317
Stage Stores, Inc.		336		6,172
Staples, Inc.		9,258		104,153
Target Corp.		5,545		314,734
The Bon-Ton Stores, Inc.		56		573
The Buckle, Inc.		112		5,023
The Cato Corp., Class A		168		4,845
The Children’s Place Retail Stores, Inc.		168		8,128
The Finish Line, Inc., Class A		336		9,633
The Gap, Inc.		2,241		92,396
The Home Depot, Inc.		4,919		394,651
The Men’s Wearhouse, Inc.		392		19,514
The Pep Boys-Manny, Moe & Jack *		504		5,136
The Priceline Group, Inc. *		19		24,294
The Wet Seal, Inc., Class A *		2,209		1,856
Tiffany & Co.		392		38,969
TJX Cos., Inc.		2,299		125,181
Tractor Supply Co.		286		18,596
TripAdvisor, Inc. *		56		5,442
Ulta Salon, Cosmetics & Fragrance, Inc. *		56		4,754
Urban Outfitters, Inc. *		448		15,017
Vitamin Shoppe, Inc. *		56		2,407
Williams-Sonoma, Inc.		392		26,233

				3,384,677

Semiconductors & Semiconductor Equipment 2.6%
Advanced Micro Devices, Inc. *		3,752		15,008

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Altera Corp.		728		24,119
Amkor Technology, Inc. *		1,176		11,889
Analog Devices, Inc.		1,120		58,666
Applied Materials, Inc.		5,618		113,427
Atmel Corp. *		1,568		13,140
Avago Technologies Ltd.		392		27,703
Broadcom Corp., Class A		1,680		53,542
Brooks Automation, Inc.		448		4,350
Cabot Microelectronics Corp. *		112		4,819
Cirrus Logic, Inc. *		198		4,382
Cree, Inc. *		112		5,389
Cypress Semiconductor Corp. *		560		5,740
Diodes, Inc. *		168		4,649
Entegris, Inc. *		560		6,423
Fairchild Semiconductor International, Inc. *		616		9,037
First Solar, Inc. *		280		17,298
GT Advanced Technologies, Inc. *		1,176		19,827
Hittite Microwave Corp.		47		2,764
Integrated Device Technology, Inc. *		1,120		14,896
Intel Corp.		31,182		851,892
International Rectifier Corp. *		280		7,510
Intersil Corp., Class A		1,288		18,122
KLA-Tencor Corp.		616		40,360
Lam Research Corp. *		560		34,742
Linear Technology Corp.		560		25,850
Marvell Technology Group Ltd.		2,296		35,749
Maxim Integrated Products, Inc.		1,120		38,360
Micrel, Inc.		280		2,982
Microchip Technology, Inc.		616		29,322
Micron Technology, Inc. *		3,107		88,829
Microsemi Corp. *		152		3,698
MKS Instruments, Inc.		224		6,462
NVIDIA Corp.		1,680		31,920
OmniVision Technologies, Inc. *		224		5,036
ON Semiconductor Corp. *		1,456		12,653
Photronics, Inc. *		448		3,938
PMC-Sierra, Inc. *		504		3,563
RF Micro Devices, Inc. *		1,008		9,485
Semtech Corp. *		26		674
Silicon Laboratories, Inc. *		168		7,580
Skyworks Solutions, Inc.		280		12,127
Spansion, Inc., Class A *		280		5,334
SunEdison, Inc. *		1,259		24,790
Synaptics, Inc. *		112		7,625
Teradyne, Inc.		560		9,968
Tessera Technologies, Inc.		168		3,778
Texas Instruments, Inc.		5,330		250,403
TriQuint Semiconductor, Inc. *		728		11,328
Veeco Instruments, Inc. *		56		1,866
Xilinx, Inc.		714		33,529

				2,036,543

Software & Services 6.2%
Accenture plc, Class A		1,570		127,877
Activision Blizzard, Inc.		728		15,128
Acxiom Corp. *		336		7,637
Adobe Systems, Inc. *		1,070		69,058
Akamai Technologies, Inc. *		224		12,172
Alliance Data Systems Corp. *		117		29,958
Amdocs Ltd.		784		37,726
ANSYS, Inc. *		143		10,503
AOL, Inc. *		903		32,761
Autodesk, Inc. *		448		23,462
Automatic Data Processing, Inc.		1,400		111,552
Broadridge Financial Solutions, Inc.		560		22,971
CA, Inc.		1,232		35,346
CACI International, Inc., Class A *		168		11,995
Cadence Design Systems, Inc. *		280		4,673
Citrix Systems, Inc. *		280		17,352
Cognizant Technology Solutions Corp., Class A *		672		32,666
Computer Sciences Corp.		1,378		86,662
Compuware Corp.		1,400		13,860
Convergys Corp.		840		18,329
Conversant, Inc. *		280		6,602
CoreLogic, Inc. *		1,430		40,798
CSG Systems International, Inc.		280		7,356
Digital River, Inc. *		504		7,933
DST Systems, Inc.		224		20,418
EarthLink Holdings Corp.		1,918		6,982
eBay, Inc. *		2,072		105,113
Electronic Arts, Inc. *		616		21,640
Equinix, Inc. *		56		11,130
Euronet Worldwide, Inc. *		114		5,374
Facebook, Inc., Class A *		224		14,179
FactSet Research Systems, Inc.		112		12,000
Fair Isaac Corp.		224		13,194
Fidelity National Information Services, Inc.		1,120		60,648
Fiserv, Inc. *		896		53,859
FleetCor Technologies, Inc. *		12		1,517
Gartner, Inc. *		112		7,962
Genpact Ltd. *		144		2,426
Global Cash Access Holdings, Inc. *		448		3,987
Global Payments, Inc.		168		11,518
Google, Inc., Class A *		230		131,480
Google, Inc., Class C *		230		129,025
Heartland Payment Systems, Inc.		112		4,642
IAC/InterActiveCorp		430		28,470
Informatica Corp. *		112		4,098
International Business Machines Corp.		5,056		932,124
Intuit, Inc.		629		49,873
j2 Global, Inc.		112		5,304
Jack Henry & Associates, Inc.		168		9,742
Leidos Holdings, Inc.		884		33,725
Manhattan Associates, Inc. *		224		7,271
ManTech International Corp., Class A		224		6,606
MasterCard, Inc., Class A		1,068		81,649
MAXIMUS, Inc.		168		7,506
Mentor Graphics Corp.		168		3,560
MICROS Systems, Inc. *		112		5,983
Microsoft Corp.		35,392		1,448,948
MicroStrategy, Inc., Class A *		56		7,903
Monster Worldwide, Inc. *		2,254		12,758
NeuStar, Inc., Class A *		190		5,324
Nuance Communications, Inc. *		168		2,719
Oracle Corp.		8,568		360,027
Paychex, Inc.		952		39,137
Progress Software Corp. *		168		3,649
PTC, Inc. *		224		8,243
Rackspace Hosting, Inc. *		114		4,160
Red Hat, Inc. *		140		7,017

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Rovi Corp. *		396		9,571
Salesforce.com, Inc. *		112		5,895
Sapient Corp. *		280		4,606
Solera Holdings, Inc.		56		3,654
Sykes Enterprises, Inc. *		280		5,650
Symantec Corp.		3,508		77,141
Synopsys, Inc. *		224		8,622
Take-Two Interactive Software, Inc. *		280		5,776
TeleTech Holdings, Inc. *		168		4,432
Teradata Corp. *		451		18,937
The Western Union Co.		2,968		47,993
TIBCO Software, Inc. *		336		7,227
Total System Services, Inc.		728		22,029
Unisys Corp. *		336		7,886
United Online, Inc.		116		1,267
VeriFone Systems, Inc. *		56		1,837
VeriSign, Inc. *		336		16,827
Visa, Inc., Class A		336		72,183
Vistaprint N.V. *		56		2,241
VMware, Inc., Class A *		56		5,404
WEX, Inc. *		56		5,392
Xerox Corp.		8,512		105,123
Yahoo! Inc. *		1,437		49,792

				4,966,752

Technology Hardware & Equipment 4.6%
ADTRAN, Inc.		336		7,540
Amphenol Corp., Class A		337		32,285
Anixter International, Inc.		224		23,072
Apple, Inc.		952		602,616
ARRIS Group, Inc. *		392		12,979
Arrow Electronics, Inc. *		1,120		64,624
Avnet, Inc.		1,456		63,438
Belden, Inc.		168		12,094
Benchmark Electronics, Inc. *		672		15,584
Brocade Communications Systems, Inc. *		1,512		13,789
Cisco Systems, Inc.		21,026		517,660
Cognex Corp. *		112		4,032
Coherent, Inc. *		112		6,718
Comtech Telecommunications Corp.		168		5,489
Corning, Inc.		5,152		109,738
Diebold, Inc.		392		14,712
Dolby Laboratories, Inc., Class A *		112		4,652
EchoStar Corp., Class A *		168		8,580
Electronics For Imaging, Inc. *		224		9,114
EMC Corp.		4,760		126,426
Emulex Corp. *		616		3,302
F5 Networks, Inc. *		112		12,158
FEI Co.		56		4,673
Finisar Corp. *		224		5,320
FLIR Systems, Inc.		392		13,685
Harris Corp.		672		51,912
Hewlett-Packard Co.		31,432		1,052,972
Ingram Micro, Inc., Class A *		3,540		98,306
Insight Enterprises, Inc. *		504		13,699
InterDigital, Inc.		112		4,255
Itron, Inc. *		248		9,536
Jabil Circuit, Inc.		1,512		28,456
JDS Uniphase Corp. *		392		4,300
Juniper Networks, Inc. *		2,296		56,160
Lexmark International, Inc., Class A		672		29,292
Littelfuse, Inc.		56		4,909
Motorola Solutions, Inc.		1,438		96,950
MTS Systems Corp.		56		3,707
National Instruments Corp.		224		6,415
NCR Corp. *		504		16,461
NetApp, Inc.		616		22,798
NETGEAR, Inc. *		112		3,681
OSI Systems, Inc. *		56		3,189
Plantronics, Inc.		112		5,078
Plexus Corp. *		280		11,693
Polycom, Inc. *		672		8,568
QLogic Corp. *		1,064		10,576
QUALCOMM, Inc.		2,352		189,218
Rofin-Sinar Technologies, Inc. *		168		3,904
SanDisk Corp.		448		43,290
Sanmina Corp. *		1,008		20,513
ScanSource, Inc. *		224		8,310
SYNNEX Corp. *		336		22,213
Tech Data Corp. *		1,120		66,651
Trimble Navigation Ltd. *		280		10,100
ViaSat, Inc. *		56		3,037
Vishay Intertechnology, Inc.		1,176		17,546
Western Digital Corp.		649		57,015
Zebra Technologies Corp., Class A *		224		16,643

				3,695,633

Telecommunication Services 4.0%
AT&T, Inc.		42,647		1,512,689
CenturyLink, Inc.		2,878		108,414
Cincinnati Bell, Inc. *		1,993		7,872
Consolidated Communications Holdings, Inc.		224		4,574
Frontier Communications Corp.		10,976		63,551
Intelsat S.A. *		246		4,770
Level 3 Communications, Inc. *		392		17,111
NII Holdings, Inc. *		14,488		7,244
NTELOS Holdings Corp.		242		3,032
SBA Communications Corp., Class A *		112		11,368
Sprint Corp. *		14,657		139,975
T-Mobile US, Inc. *		224		7,690
Telephone & Data Systems, Inc.		1,359		37,658
tw telecom, Inc. *		280		9,181
United States Cellular Corp.		112		4,811
Verizon Communications, Inc.		24,399		1,218,974
Windstream Holdings, Inc.		6,332		60,597

				3,219,511

Transportation 1.9%
Alaska Air Group, Inc.		168		16,541
Allegiant Travel Co.		5		575
AMERCO		11		3,037
ArcBest Corp.		336		14,371
Atlas Air Worldwide Holdings, Inc. *		177		6,476
Avis Budget Group, Inc. *		1,064		60,893
C.H. Robinson Worldwide, Inc.		968		57,945
Con-way, Inc.		392		18,114
Copa Holdings S.A., Class A		56		8,004
CSX Corp.		5,320		156,408
Delta Air Lines, Inc.		410		16,363

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Expeditors International of Washington, Inc.		840		38,228
FedEx Corp.		1,643		236,855
Forward Air Corp.		112		5,024
Genesee & Wyoming, Inc., Class A *		56		5,452
Hawaiian Holdings, Inc. *		448		6,917
Heartland Express, Inc.		280		6,055
Hertz Global Holdings, Inc. *		1,702		50,243
Hub Group, Inc., Class A *		224		10,535
J.B. Hunt Transport Services, Inc.		280		21,745
JetBlue Airways Corp. *		1,400		13,524
Kansas City Southern		112		12,042
Kirby Corp. *		112		12,382
Knight Transportation, Inc.		280		6,824
Landstar System, Inc.		224		14,544
Matson, Inc.		504		12,383
Norfolk Southern Corp.		1,176		118,482
Old Dominion Freight Line, Inc. *		168		10,745
Republic Airways Holdings, Inc. *		896		9,426
Ryder System, Inc.		560		48,602
Saia, Inc. *		168		7,321
SkyWest, Inc.		1,008		11,532
Southwest Airlines Co.		710		18,780
Swift Transportation Co. *		336		8,319
Union Pacific Corp.		1,232		245,501
United Continental Holdings, Inc. *		315		13,977
United Parcel Service, Inc., Class B		2,016		209,422
UTi Worldwide, Inc.		444		4,329
Werner Enterprises, Inc.		392		10,349

				1,528,265

Utilities 4.3%
AES Corp.		4,872		68,695
AGL Resources, Inc.		459		24,501
ALLETE, Inc.		168		8,345
Alliant Energy Corp.		588		34,280
Ameren Corp.		1,960		77,126
American Electric Power Co., Inc.		2,747		146,553
American States Water Co.		112		3,391
American Water Works Co., Inc.		504		24,499
Aqua America, Inc.		337		8,553
Atlantic Power Corp.		1,417		4,818
Atmos Energy Corp.		616		30,862
Avista Corp.		336		10,520
Black Hills Corp.		168		9,689
California Water Service Group		168		3,706
Calpine Corp. *		1,792		41,790
CenterPoint Energy, Inc.		2,087		50,339
Cleco Corp.		168		8,741
CMS Energy Corp.		1,232		36,652
Consolidated Edison, Inc.		1,711		94,122
Dominion Resources, Inc.		3,080		212,397
DTE Energy Co.		1,008		76,729
Duke Energy Corp.		2,337		166,114
Edison International		1,992		109,839
El Paso Electric Co.		168		6,403
Entergy Corp.		1,960		147,823
Exelon Corp.		7,001		257,847
FirstEnergy Corp.		3,683		124,559
Great Plains Energy, Inc.		728		18,528
Hawaiian Electric Industries, Inc.		448		10,774
IDACORP, Inc.		168		9,211
Integrys Energy Group, Inc.		616		35,722
ITC Holdings Corp.		339		12,407
MDU Resources Group, Inc.		1,064		36,048
MGE Energy, Inc.		76		2,853
National Fuel Gas Co.		280		21,000
New Jersey Resources Corp.		224		12,322
NextEra Energy, Inc.		1,624		158,113
NiSource, Inc.		1,456		54,411
Northeast Utilities		812		36,865
Northwest Natural Gas Co.		168		7,605
NorthWestern Corp.		168		8,064
NRG Energy, Inc.		2,128		75,842
OGE Energy Corp.		672		24,683
Otter Tail Corp.		224		6,402
Pepco Holdings, Inc.		2,072		57,394
PG&E Corp.		2,576		118,161
Piedmont Natural Gas Co., Inc.		336		12,025
Pinnacle West Capital Corp.		616		34,139
PNM Resources, Inc.		448		12,750
Portland General Electric Co.		392		12,963
PPL Corp.		2,632		92,357
Public Service Enterprise Group, Inc.		3,416		133,087
Questar Corp.		952		22,915
SCANA Corp.		728		37,856
Sempra Energy		1,009		101,253
South Jersey Industries, Inc.		112		6,442
Southwest Gas Corp.		224		11,729
TECO Energy, Inc.		1,512		26,112
The Empire District Electric Co.		224		5,378
The Laclede Group, Inc.		168		7,842
The Southern Co.		4,135		181,030
UGI Corp.		616		29,981
UIL Holdings Corp.		168		6,211
UNS Energy Corp.		168		10,176
Vectren Corp.		448		17,866
Westar Energy, Inc.		504		18,169
WGL Holdings, Inc.		324		13,138
Wisconsin Energy Corp.		728		33,139
Xcel Energy, Inc.		2,688		82,683

				3,404,539

Total Common Stock
(Cost $74,015,113)				79,532,130




Other Investment Companies 0.1% of net assets

Equity Fund 0.1%
iShares Russell 3000 ETF		800		91,928

Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (d)		24,815		24,815

Total Other Investment Companies
(Cost $115,273)				116,743

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)

Rights 0.0% of net assets

Telecommunication Services 0.0%
Contra Leap Wireless CVR *(b)(c)		735		1,852

Total Rights
(Cost $1,852)				1,852



End of Investments.

At 05/31/14, the tax basis cost of the fund’s investments was $74,136,998 and the unrealized appreciation and depreciation were $6,154,262 and ($640,535), respectively, with a net unrealized appreciation of $5,513,727.


*		Non-income producing security.
(a)		Issuer is affiliated with the fund’s adviser.
(b)		Illiquid security. At the period end, the value of these amounted to $1,852 or 0.0% of net assets.
(c)		Fair-valued by management in accordance with procedures approved by the Board of Trustees.
(d)		The rate shown is the 7-day yield.


CVR —		Contingent Value Rights
ETF —		Exchange Traded Fund
Reg’d —		Registered
REIT —		Real Estate Investment Trust

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 funds 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 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

Schwab Fundamental U.S. Broad Market Index ETF

Portfolio Holdings (Unaudited) continued

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 and ETFs. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, 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.

Quoted Prices in

Significant

Active Markets for

Other Significant

Unobservable

Identical Assets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total

Common Stock¹

$79,532,130

$—

$79,532,130

Other Investment Companies¹

116,743

—

116,743

Rights¹

—

1,852

Total

$79,648,873

$—

$1,852

$79,650,725


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

as of

February 28,

Gains

Appreciation

Gross

Transfers

May 31,

Investments in Securities

2014

(Losses)

(Depreciation)

Purchases

Sales

out

2014

Rights

$—

$1,852

$—

$1,852

Total

$—

$1,852

$—

$1,852

Schwab Strategic Trust
Schwab Fundamental U.S. Large Company Index ETF

Portfolio Holdings as of May 31, 2014 (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

($)

.7%

Common Stock

107,743,960

115,182,163

.1%

Other Investment Companies

122,517

125,169

.8%

Total Investments

107,866,477

115,307,332

.2%

Other Assets and
Liabilities, Net

201,533

100

.0%

Net Assets

115,508,865


	Number		Value
Security	of Shares		($)

Common Stock 99.7% of net assets

Automobiles & Components 1.0%
BorgWarner, Inc.		974		61,255
Delphi Automotive plc		1,335		92,195
Ford Motor Co.		17,744		291,711
General Motors Co.		6,175		213,531
Harley-Davidson, Inc.		1,241		88,409
Johnson Controls, Inc.		4,785		231,403
Lear Corp.		783		68,943
The Goodyear Tire & Rubber Co.		1,908		50,314
TRW Automotive Holdings Corp. *		810		68,745
Visteon Corp. *		409		37,276

				1,203,782

Banks 5.5%
Bank of America Corp.		93,776		1,419,769
BB&T Corp.		4,305		163,245
CIT Group, Inc.		648		28,823
Citigroup, Inc.		17,613		837,850
Comerica, Inc.		996		47,778
Fifth Third Bancorp		4,980		103,036
Hudson City Bancorp, Inc.		5,265		51,439
Huntington Bancshares, Inc.		5,184		48,056
JPMorgan Chase & Co.		24,579		1,365,855
KeyCorp		5,596		76,609
M&T Bank Corp.		567		68,817
New York Community Bancorp, Inc.		2,850		43,548
Popular, Inc. *		1,296		39,113
Regions Financial Corp.		9,915		101,034
SunTrust Banks, Inc.		3,496		133,967
The PNC Financial Services Group, Inc.		2,630		224,260
U.S. Bancorp		8,772		370,091
Wells Fargo & Co.		22,529		1,144,023
Zions Bancorp		1,227		35,080

				6,302,393

Capital Goods 7.9%
3M Co.		3,597		512,752
AECOM Technology Corp. *		972		31,240
AGCO Corp.		810		43,708
Alliant Techsystems, Inc.		260		32,835
AMETEK, Inc.		567		30,096
Caterpillar, Inc.		3,756		383,976
Cummins, Inc.		942		144,060
Danaher Corp.		1,620		127,057
Deere & Co.		2,473		225,463
Dover Corp.		1,135		98,949
Eaton Corp. plc		1,719		126,673
EMCOR Group, Inc.		729		32,455
Emerson Electric Co.		5,003		333,850
Exelis, Inc.		2,696		46,048
Fastenal Co.		837		40,804
Flowserve Corp.		648		47,783
Fluor Corp.		1,846		138,598
General Cable Corp.		822		20,961
General Dynamics Corp.		2,947		348,100
General Electric Co.		61,235		1,640,486
Harsco Corp.		1,296		34,966
Honeywell International, Inc.		3,358		312,798
Hubbell, Inc., Class B		324		37,908
Illinois Tool Works, Inc.		2,208		191,102
Ingersoll-Rand plc		2,283		136,569
ITT Corp.		1,568		68,490
Jacobs Engineering Group, Inc. *		1,296		71,371
Joy Global, Inc.		822		46,977
KBR, Inc.		2,065		50,159
L-3 Communications Holdings, Inc.		1,630		197,507
Lennox International, Inc.		371		31,505
Lockheed Martin Corp.		2,284		373,777
Masco Corp.		2,612		55,636
Northrop Grumman Corp.		3,334		405,248
Oshkosh Corp.		891		48,158
Owens Corning		1,126		46,177
PACCAR, Inc.		1,971		124,883
Pall Corp.		405		34,320
Parker Hannifin Corp.		1,134		142,011
Pentair Ltd. - Reg’d		446		33,289
Precision Castparts Corp.		406		102,710
Quanta Services, Inc. *		1,218		41,351
Raytheon Co.		3,435		335,153
Rockwell Automation, Inc.		494		59,813
Rockwell Collins, Inc.		891		70,425
Roper Industries, Inc.		243		34,428
Snap-on, Inc.		243		28,497
SPX Corp.		487		50,960
Stanley Black & Decker, Inc.		754		65,900
Terex Corp.		893		34,345
Textron, Inc.		2,270		89,029
The Boeing Co.		2,546		344,346
The Timken Co.		653		41,936
United Rentals, Inc. *		506		51,131

Schwab Fundamental U.S. Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
United Technologies Corp.		5,920		688,022
URS Corp.		1,249		56,205
W.W. Grainger, Inc.		297		76,736
WESCO International, Inc. *		486		41,514
Xylem, Inc.		972		36,256

				9,097,502

Commercial & Professional Services 0.7%
Cintas Corp.		891		55,349
Equifax, Inc.		567		40,138
Iron Mountain, Inc.		1,324		41,229
Manpowergroup, Inc.		1,390		113,952
Pitney Bowes, Inc.		3,411		94,246
R.R. Donnelley & Sons Co.		4,905		77,695
Republic Services, Inc.		1,894		67,048
Robert Half International, Inc.		1,299		59,222
The ADT Corp.		1,312		42,246
The Dun & Bradstreet Corp.		327		33,763
United Stationers, Inc.		810		32,262
Waste Management, Inc.		4,617		206,288

				863,438

Consumer Durables & Apparel 0.9%
Coach, Inc.		1,834		74,662
D.R. Horton, Inc.		1,782		42,198
Garmin Ltd.		986		58,085
Harman International Industries, Inc.		361		37,916
Hasbro, Inc.		1,134		60,896
Jarden Corp. *		567		32,081
Leggett & Platt, Inc.		1,631		55,323
Mattel, Inc.		2,077		80,650
Mohawk Industries, Inc. *		325		44,089
Newell Rubbermaid, Inc.		1,599		46,819
NIKE, Inc., Class B		3,355		258,033
NVR, Inc. *		48		53,455
Ralph Lauren Corp.		307		47,118
VF Corp.		1,406		88,606
Whirlpool Corp.		732		105,079

				1,085,010

Consumer Services 1.5%
Apollo Education Group, Inc. *		2,561		68,635
Brinker International, Inc.		972		48,260
Carnival Corp.		2,136		85,504
Darden Restaurants, Inc.		1,306		65,457
Graham Holdings Co., Class B		51		34,524
H&R Block, Inc.		1,542		45,921
International Game Technology		1,726		21,661
Marriott International, Inc., Class A		1,218		75,053
McDonald’s Corp.		6,712		680,798
MGM Resorts International *		1,794		46,196
Royal Caribbean Cruises Ltd.		1,225		67,730
Service Corp. International		1,620		32,432
Starbucks Corp.		1,784		130,660
Starwood Hotels & Resorts Worldwide, Inc.		1,002		80,010
Wyndham Worldwide Corp.		902		66,685
Wynn Resorts Ltd.		338		72,660
Yum! Brands, Inc.		2,091		161,655

				1,783,841

Diversified Financials 3.0%
American Express Co.		4,085		373,777
Ameriprise Financial, Inc.		817		92,002
Berkshire Hathaway, Inc., Class B *		6,231		799,687
BlackRock, Inc.		284		86,592
Capital One Financial Corp.		3,328		262,546
CME Group, Inc.		905		65,160
Discover Financial Services		1,863		110,159
Eaton Vance Corp.		714		26,525
Franklin Resources, Inc.		2,289		126,376
Invesco Ltd.		1,620		59,454
Legg Mason, Inc.		1,395		68,132
McGraw Hill Financial, Inc.		1,994		163,049
Moody’s Corp.		754		64,497
Morgan Stanley		5,396		166,521
Northern Trust Corp.		973		58,769
PHH Corp. *		1,377		35,072
SLM Corp.		1,865		16,058
State Street Corp.		1,620		105,737
T. Rowe Price Group, Inc.		1,058		86,259
The Bank of New York Mellon Corp.		4,617		159,564
The Charles Schwab Corp. (a)		3,926		98,974
The Goldman Sachs Group, Inc.		2,551		407,675

				3,432,585

Energy 16.1%
Alpha Natural Resources, Inc. *		5,009		16,930
Anadarko Petroleum Corp.		2,282		234,727
Apache Corp.		2,651		247,126
Arch Coal, Inc.		6,168		21,958
Baker Hughes, Inc.		3,371		237,723
Cameron International Corp. *		1,063		67,979
Chesapeake Energy Corp.		5,930		170,310
Chevron Corp.		22,614		2,776,773
Cimarex Energy Co.		330		42,613
ConocoPhillips		30,894		2,469,666
CONSOL Energy, Inc.		1,260		55,654
Devon Energy Corp.		3,624		267,814
Diamond Offshore Drilling, Inc.		988		50,447
Energen Corp.		386		32,957
EOG Resources, Inc.		1,458		154,256
EQT Corp.		324		34,629
Exxon Mobil Corp.		55,681		5,597,611
FMC Technologies, Inc. *		729		42,326
Halliburton Co.		4,728		305,618
Helmerich & Payne, Inc.		405		44,530
Hess Corp.		3,607		329,319
HollyFrontier Corp.		1,162		57,229
Kinder Morgan, Inc.		1,998		66,713
Marathon Oil Corp.		12,331		452,054
Marathon Petroleum Corp.		3,364		300,708
McDermott International, Inc. *		3,894		28,270
Murphy Oil Corp.		3,341		206,039
Nabors Industries Ltd.		3,621		94,979
National Oilwell Varco, Inc.		2,226		182,243
Newfield Exploration Co. *		1,497		54,611
Noble Energy, Inc.		1,055		76,034

Schwab Fundamental U.S. Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Occidental Petroleum Corp.		5,220		520,382
ONEOK, Inc.		1,233		79,516
Patterson-UTI Energy, Inc.		1,353		44,771
Peabody Energy Corp.		3,703		59,840
Phillips 66		12,601		1,068,439
Pioneer Natural Resources Co.		192		40,351
QEP Resources, Inc.		1,308		41,778
Rowan Cos. plc, Class A		729		22,570
Schlumberger Ltd.		5,670		589,907
SEACOR Holdings, Inc. *		405		32,432
Seadrill Ltd.		1,824		69,312
Southwestern Energy Co. *		916		41,651
Spectra Energy Corp.		3,330		135,131
Tesoro Corp.		2,052		115,322
The Williams Cos., Inc.		3,592		168,680
Valero Energy Corp.		13,167		738,010
World Fuel Services Corp.		1,933		89,614
WPX Energy, Inc. *		3,078		65,192

				18,642,744

Food & Staples Retailing 4.2%
Casey’s General Stores, Inc.		486		34,618
Costco Wholesale Corp.		3,954		458,743
CVS Caremark Corp.		13,864		1,085,828
Safeway, Inc.		7,788		267,440
SUPERVALU, Inc. *		9,808		73,266
Sysco Corp.		7,100		266,463
The Kroger Co.		7,857		375,093
Wal-Mart Stores, Inc.		20,060		1,540,006
Walgreen Co.		9,493		682,642
Whole Foods Market, Inc.		1,309		50,056

				4,834,155

Food, Beverage & Tobacco 5.4%
Altria Group, Inc.		13,563		563,678
Archer-Daniels-Midland Co.		10,248		460,545
Brown-Forman Corp., Class B		521		48,281
Bunge Ltd.		3,322		258,153
Campbell Soup Co.		1,500		68,850
Coca-Cola Enterprises, Inc.		2,466		112,548
ConAgra Foods, Inc.		4,216		136,177
Constellation Brands, Inc., Class A *		576		48,459
Dean Foods Co.		3,256		56,589
Dr. Pepper Snapple Group, Inc.		1,578		91,051
General Mills, Inc.		3,430		188,410
Hormel Foods Corp.		810		39,860
Ingredion, Inc.		526		40,055
Kellogg Co.		1,705		117,611
Kraft Foods Group, Inc.		3,775		224,461
Lorillard, Inc.		2,533		157,477
McCormick & Co., Inc. Non-Voting Shares		555		40,132
Mead Johnson Nutrition Co.		324		28,988
Molson Coors Brewing Co., Class B		812		53,373
Mondelez International, Inc., Class A		15,040		565,805
PepsiCo, Inc.		8,900		786,137
Philip Morris International, Inc.		9,492		840,422
Reynolds American, Inc.		2,025		120,751
The Coca-Cola Co.		15,976		653,578
The Hershey Co.		486		47,307
The Hillshire Brands Co.		3,321		176,943
The J.M. Smucker Co.		695		71,307
Tyson Foods, Inc., Class A		4,251		180,497

				6,177,445

Health Care Equipment & Services 5.9%
Abbott Laboratories		13,686		547,577
Aetna, Inc.		4,001		310,277
AmerisourceBergen Corp.		3,513		257,081
Baxter International, Inc.		3,452		256,863
Becton Dickinson & Co.		1,468		172,784
Boston Scientific Corp. *		7,887		101,190
C.R. Bard, Inc.		504		74,547
Cardinal Health, Inc.		5,220		368,689
CareFusion Corp. *		1,053		45,205
Cigna Corp.		1,071		96,154
Community Health Systems, Inc. *		1,440		60,149
Covidien plc		2,209		161,500
DaVita HealthCare Partners, Inc. *		810		57,178
DENTSPLY International, Inc.		648		30,644
Express Scripts Holding Co. *		2,449		175,030
HCA Holdings, Inc. *		3,891		206,184
Health Net, Inc. *		2,511		100,390
Henry Schein, Inc. *		486		58,150
Humana, Inc.		1,982		246,680
Laboratory Corp. of America Holdings *		445		45,648
LifePoint Hospitals, Inc. *		567		34,723
Magellan Health Services, Inc. *		486		29,592
McKesson Corp.		2,612		495,340
Medtronic, Inc.		6,042		368,743
Omnicare, Inc.		952		60,500
Owens & Minor, Inc.		1,134		39,327
Patterson Cos., Inc.		810		31,720
Quest Diagnostics, Inc.		1,676		100,376
St. Jude Medical, Inc.		1,874		121,623
Stryker Corp.		1,599		135,099
Tenet Healthcare Corp. *		846		39,762
UnitedHealth Group, Inc.		10,793		859,447
Universal Health Services, Inc., Class B		476		42,635
Varian Medical Systems, Inc. *		536		44,193
WellCare Health Plans, Inc. *		486		37,641
WellPoint, Inc.		7,800		845,208
Zimmer Holdings, Inc.		1,320		137,742

				6,795,591

Household & Personal Products 2.1%
Avon Products, Inc.		4,617		65,977
Church & Dwight Co., Inc.		486		33,646
Colgate-Palmolive Co.		4,085		279,414
Energizer Holdings, Inc.		324		37,584
Herbalife Ltd.		530		34,360
Kimberly-Clark Corp.		2,204		247,619
The Clorox Co.		536		48,036
The Estee Lauder Cos., Inc., Class A		648		49,650
The Procter & Gamble Co.		19,771		1,597,299

				2,393,585

Schwab Fundamental U.S. Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)

Insurance 3.4%
ACE Ltd.		1,459		151,313
Aflac, Inc.		2,477		151,667
Allied World Assurance Co. Holdings AG		907		34,012
American Financial Group, Inc.		729		42,559
American International Group, Inc.		6,248		337,829
Aon plc		1,103		99,204
Arch Capital Group Ltd. *		972		55,336
Assurant, Inc.		1,151		78,049
Axis Capital Holdings Ltd.		1,139		52,383
Cincinnati Financial Corp.		1,053		51,618
Endurance Specialty Holdings Ltd.		648		33,515
Everest Re Group Ltd.		336		53,767
Fidelity National Financial, Inc., Class A		1,944		64,813
Genworth Financial, Inc., Class A *		3,829		65,055
HCC Insurance Holdings, Inc.		810		38,054
Lincoln National Corp.		1,383		66,329
Loews Corp.		2,270		97,905
Marsh & McLennan Cos., Inc.		2,515		126,429
MetLife, Inc.		3,807		193,890
PartnerRe Ltd.		567		60,879
Platinum Underwriters Holdings Ltd.		486		31,177
Principal Financial Group, Inc.		1,245		58,229
Prudential Financial, Inc.		2,532		208,029
Reinsurance Group of America, Inc.		420		32,827
RenaissanceRe Holdings Ltd.		534		55,627
The Allstate Corp.		4,078		237,584
The Chubb Corp.		2,854		264,452
The Hartford Financial Services Group, Inc.		4,574		158,489
The Progressive Corp.		6,075		152,057
The Travelers Cos., Inc.		6,410		599,014
Torchmark Corp.		648		52,443
Unum Group		2,109		71,516
W.R. Berkley Corp.		1,085		48,358
White Mountains Insurance Group Ltd.		50		29,526
XL Group plc		1,550		50,313

				3,904,247

Materials 3.9%
Air Products & Chemicals, Inc.		1,297		155,601
Airgas, Inc.		370		39,338
Albemarle Corp.		465		32,173
Alcoa, Inc.		20,097		273,520
Allegheny Technologies, Inc.		1,310		53,802
AptarGroup, Inc.		405		26,969
Ashland, Inc.		503		51,809
Avery Dennison Corp.		1,053		53,387
Ball Corp.		1,246		75,209
Bemis Co., Inc.		999		41,369
Celanese Corp., Series A		810		50,787
CF Industries Holdings, Inc.		264		64,234
Cliffs Natural Resources, Inc.		2,513		39,404
Commercial Metals Co.		2,511		44,570
Cytec Industries, Inc.		324		32,189
Domtar Corp.		665		60,435
E.I. du Pont de Nemours & Co.		4,314		299,003
Eastman Chemical Co.		908		80,140
Ecolab, Inc.		526		57,434
FMC Corp.		486		37,208
Freeport-McMoRan Copper & Gold, Inc.		10,237		348,570
Huntsman Corp.		1,782		47,562
International Flavors & Fragrances, Inc.		405		40,200
International Paper Co.		3,564		169,753
LyondellBasell Industries N.V., Class A		2,697		268,540
Martin Marietta Materials, Inc.		243		29,840
MeadWestvaco Corp.		1,595		64,725
Monsanto Co.		1,724		210,070
Newmont Mining Corp.		5,197		118,959
Nucor Corp.		3,568		180,648
Owens-Illinois, Inc. *		1,464		48,649
Packaging Corp. of America		445		30,776
PPG Industries, Inc.		665		134,071
Praxair, Inc.		1,430		189,103
Reliance Steel & Aluminum Co.		811		58,352
RPM International, Inc.		810		34,887
Sealed Air Corp.		1,390		45,773
Sigma-Aldrich Corp.		486		47,886
Sonoco Products Co.		972		41,057
Southern Copper Corp.		1,345		39,974
Steel Dynamics, Inc.		2,673		46,163
The Dow Chemical Co.		8,476		441,769
The Mosaic Co.		2,372		118,576
The Sherwin-Williams Co.		261		53,403
The Valspar Corp.		405		30,237
United States Steel Corp.		3,180		73,267
Vulcan Materials Co.		729		44,447

				4,525,838

Media 3.9%
Cablevision Systems Corp., Class A		3,483		61,405
CBS Corp., Class B Non-Voting Shares		3,504		208,873
Charter Communications, Inc., Class A *		405		57,972
Comcast Corp., Class A		11,620		606,564
DIRECTV *		5,236		431,656
Discovery Communications, Inc., Class A *		814		62,645
DISH Network Corp., Class A *		972		57,018
Gannett Co., Inc.		2,782		77,312
Liberty Global plc, Class A *		2,919		131,413
Liberty Global plc, Series C *		3,046		130,369
Omnicom Group, Inc.		1,832		130,347
Starz, Class A *		1,226		37,516
The Interpublic Group of Cos., Inc.		2,220		42,446
The Walt Disney Co.		9,298		781,125
Thomson Reuters Corp.		2,740		95,051
Time Warner Cable, Inc.		2,112		298,130
Time Warner, Inc.		9,529		665,410
Twenty-First Century Fox, Inc., Class A		8,718		308,704
Viacom, Inc., Class B		3,160		269,643

				4,453,599

Pharmaceuticals, Biotechnology & Life Sciences 5.6%
AbbVie, Inc.		5,179		281,375

Schwab Fundamental U.S. Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Actavis plc *		381		80,597
Agilent Technologies, Inc.		1,563		88,997
Allergan, Inc.		627		104,997
Amgen, Inc.		4,681		542,949
Biogen Idec, Inc. *		272		86,869
Bristol-Myers Squibb Co.		7,979		396,876
Celgene Corp. *		405		61,977
Eli Lilly & Co.		6,648		397,949
Forest Laboratories, Inc. *		1,654		156,766
Gilead Sciences, Inc. *		3,348		271,891
Hospira, Inc. *		1,053		51,776
Johnson & Johnson		14,685		1,489,940
Merck & Co., Inc.		13,960		807,726
Mettler-Toledo International, Inc. *		116		28,422
Mylan, Inc. *		1,053		52,482
Pfizer, Inc.		44,741		1,325,676
Thermo Fisher Scientific, Inc.		1,298		151,749
Waters Corp. *		324		32,452

				6,411,466

Real Estate 1.0%
American Tower Corp.		431		38,631
Annaly Capital Management, Inc.		9,494		111,934
Apartment Investment & Management Co., Class A		1,134		35,698
AvalonBay Communities, Inc.		243		34,467
Boston Properties, Inc.		475		57,323
Crown Castle International Corp.		578		44,350
Equity Residential		1,065		65,817
HCP, Inc.		1,162		48,514
Health Care REIT, Inc.		412		26,051
Hospitality Properties Trust		1,053		30,548
Host Hotels & Resorts, Inc.		2,997		66,144
Kimco Realty Corp.		1,397		32,019
Plum Creek Timber Co., Inc.		891		40,184
Prologis, Inc.		797		33,083
Public Storage		324		55,851
Rayonier, Inc.		505		24,038
Simon Property Group, Inc.		651		108,365
Ventas, Inc.		610		40,748
Vornado Realty Trust		729		78,061
Washington Prime Group, Inc. *		1		10
Weyerhaeuser Co.		7,209		226,507

				1,198,343

Retailing 4.1%
Aaron’s, Inc.		977		32,085
Abercrombie & Fitch Co., Class A		1,053		40,024
Advance Auto Parts, Inc.		567		70,404
Amazon.com, Inc. *		324		101,266
American Eagle Outfitters, Inc.		3,197		34,304
AutoNation, Inc. *		486		27,785
AutoZone, Inc. *		93		49,522
Bed Bath & Beyond, Inc. *		1,620		98,577
Best Buy Co., Inc.		7,740		214,088
Big Lots, Inc. *		1,620		68,753
CarMax, Inc. *		812		35,980
Core-Mark Holding Co., Inc.		567		46,880
Dick’s Sporting Goods, Inc.		490		21,780
Dillard’s, Inc., Class A		351		39,575
Dollar General Corp. *		1,474		79,272
Dollar Tree, Inc. *		1,318		69,894
Expedia, Inc.		810		59,373
Family Dollar Stores, Inc.		729		42,719
Foot Locker, Inc.		1,458		70,246
GameStop Corp., Class A		1,883		71,272
Genuine Parts Co.		1,297		111,970
J.C. Penney Co., Inc. *		9,538		85,747
Kohl’s Corp.		3,824		208,179
L Brands, Inc.		1,379		79,141
Liberty Interactive Corp., Class A *		3,812		111,044
Lowe’s Cos., Inc.		11,137		524,330
Macy’s, Inc.		3,019		180,808
Nordstrom, Inc.		1,308		89,022
O’Reilly Automotive, Inc. *		405		59,920
PetSmart, Inc.		743		42,700
RadioShack Corp. *		6,852		10,278
Rent-A-Center, Inc.		1,116		31,203
Ross Stores, Inc.		810		55,444
Sears Holdings Corp. *		1,829		76,919
Signet Jewelers Ltd.		454		48,165
Staples, Inc.		14,154		159,232
Target Corp.		8,880		504,029
The Gap, Inc.		3,404		140,347
The Home Depot, Inc.		7,792		625,152
The Priceline Group, Inc. *		32		40,916
Tiffany & Co.		516		51,296
TJX Cos., Inc.		3,730		203,098
Tractor Supply Co.		486		31,600
Williams-Sonoma, Inc.		648		43,364

				4,787,703

Semiconductors & Semiconductor Equipment 2.4%
Altera Corp.		1,145		37,934
Analog Devices, Inc.		1,703		89,203
Applied Materials, Inc.		8,973		181,165
Broadcom Corp., Class A		2,803		89,332
Intel Corp.		49,761		1,359,471
KLA-Tencor Corp.		974		63,816
Lam Research Corp. *		891		55,278
Linear Technology Corp.		981		45,283
Marvell Technology Group Ltd.		3,402		52,969
Maxim Integrated Products, Inc.		1,710		58,567
Microchip Technology, Inc.		972		46,267
Micron Technology, Inc. *		4,971		142,121
NVIDIA Corp.		2,754		52,326
Texas Instruments, Inc.		8,484		398,578
Xilinx, Inc.		1,148		53,910

				2,726,220

Software & Services 6.3%
Accenture plc, Class A		2,480		201,996
Adobe Systems, Inc. *		1,712		110,492
Alliance Data Systems Corp. *		176		45,065
Amdocs Ltd.		1,246		59,958
AOL, Inc. *		1,433		51,989
Autodesk, Inc. *		729		38,178
Automatic Data Processing, Inc.		2,131		169,798
Broadridge Financial Solutions, Inc.		810		33,226
CA, Inc.		1,944		55,773

Schwab Fundamental U.S. Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Citrix Systems, Inc. *		501		31,047
Cognizant Technology Solutions Corp., Class A *		1,070		52,013
Computer Sciences Corp.		2,291		144,081
CoreLogic, Inc. *		2,288		65,277
DST Systems, Inc.		405		36,916
eBay, Inc. *		3,371		171,011
Fidelity National Information Services, Inc.		1,784		96,604
Fiserv, Inc. *		1,326		79,706
Google, Inc., Class A *		364		208,081
Google, Inc., Class C *		364		204,197
IAC/InterActiveCorp		687		45,486
International Business Machines Corp.		8,070		1,487,785
Intuit, Inc.		1,074		85,157
Leidos Holdings, Inc.		1,403		53,524
MasterCard, Inc., Class A		1,782		136,234
Microsoft Corp.		56,082		2,295,997
Oracle Corp.		13,659		573,951
Paychex, Inc.		1,546		63,556
Symantec Corp.		5,084		111,797
Teradata Corp. *		604		25,362
The Western Union Co.		5,065		81,901
Total System Services, Inc.		1,215		36,766
Visa, Inc., Class A		517		111,067
Xerox Corp.		14,013		173,061
Yahoo! Inc. *		2,300		79,695

				7,216,747

Technology Hardware & Equipment 4.6%
Amphenol Corp., Class A		570		54,606
Anixter International, Inc.		335		34,505
Apple, Inc.		1,512		957,096
Arrow Electronics, Inc. *		1,782		102,821
Avnet, Inc.		2,270		98,904
Cisco Systems, Inc.		33,638		828,168
Corning, Inc.		8,205		174,766
EMC Corp.		7,542		200,316
Harris Corp.		1,077		83,198
Hewlett-Packard Co.		50,350		1,686,725
Ingram Micro, Inc., Class A *		5,641		156,651
Jabil Circuit, Inc.		2,652		49,911
Juniper Networks, Inc. *		3,657		89,450
Lexmark International, Inc., Class A		982		42,805
Motorola Solutions, Inc.		2,298		154,931
NetApp, Inc.		972		35,974
QUALCOMM, Inc.		3,736		300,561
SanDisk Corp.		729		70,443
Tech Data Corp. *		1,791		106,582
Vishay Intertechnology, Inc.		1,863		27,796
Western Digital Corp.		1,030		90,486

				5,346,695

Telecommunication Services 4.3%
AT&T, Inc.		67,804		2,405,008
CenturyLink, Inc.		4,558		171,700
Frontier Communications Corp.		17,356		100,491
NII Holdings, Inc. *		22,696		11,348
Sprint Corp. *		23,217		221,722
Telephone & Data Systems, Inc.		2,187		60,602
Verizon Communications, Inc.		38,981		1,947,491
Windstream Holdings, Inc.		10,171		97,336

				5,015,698

Transportation 1.7%
Avis Budget Group, Inc. *		1,500		85,845
C.H. Robinson Worldwide, Inc.		1,522		91,107
CSX Corp.		8,679		255,163
Expeditors International of Washington, Inc.		1,396		63,532
FedEx Corp.		2,650		382,024
Hertz Global Holdings, Inc. *		2,835		83,689
J.B. Hunt Transport Services, Inc.		405		31,452
Norfolk Southern Corp.		1,831		184,473
Ryder System, Inc.		825		71,602
Union Pacific Corp.		1,955		389,573
United Parcel Service, Inc., Class B		3,179		330,234

				1,968,694

Utilities 4.3%
AES Corp.		7,859		110,812
AGL Resources, Inc.		648		34,590
Alliant Energy Corp.		891		51,945
Ameren Corp.		3,159		124,307
American Electric Power Co., Inc.		4,216		224,924
American Water Works Co., Inc.		918		44,624
Atmos Energy Corp.		972		48,697
Calpine Corp. *		2,357		54,965
CenterPoint Energy, Inc.		3,578		86,301
CMS Energy Corp.		1,875		55,781
Consolidated Edison, Inc.		2,711		149,132
Dominion Resources, Inc.		4,789		330,249
DTE Energy Co.		1,621		123,391
Duke Energy Corp.		3,681		261,646
Edison International		3,096		170,713
Entergy Corp.		3,013		227,240
Exelon Corp.		11,199		412,459
FirstEnergy Corp.		5,846		197,712
Great Plains Energy, Inc.		1,215		30,922
Integrys Energy Group, Inc.		988		57,294
MDU Resources Group, Inc.		1,701		57,630
National Fuel Gas Co.		405		30,375
NextEra Energy, Inc.		2,537		247,002
NiSource, Inc.		2,349		87,782
Northeast Utilities		1,329		60,337
NRG Energy, Inc.		3,430		122,245
OGE Energy Corp.		1,053		38,677
Pepco Holdings, Inc.		3,408		94,402
PG&E Corp.		4,188		192,104
Pinnacle West Capital Corp.		900		49,878
PPL Corp.		4,399		154,361
Public Service Enterprise Group, Inc.		5,368		209,137
Questar Corp.		1,539		37,044
SCANA Corp.		1,152		59,904
Sempra Energy		1,565		157,048
TECO Energy, Inc.		2,295		39,635
The Southern Co.		6,572		287,722
UGI Corp.		972		47,307
Vectren Corp.		769		30,668
Westar Energy, Inc.		923		33,274

Schwab Fundamental U.S. Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Wisconsin Energy Corp.		1,168		53,167
Xcel Energy, Inc.		4,143		127,439

				5,014,842

Total Common Stock
(Cost $107,743,960)				115,182,163




Other Investment Companies 0.1% of net assets

Equity Fund 0.1%
iShares Core S&P 500 ETF		550		106,629

Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (b)		18,540		18,540

Total Other Investment Companies
(Cost $122,517)				125,169



End of Investments.

At 05/31/14, the tax basis cost of the fund’s investments was $107,873,117 and the unrealized appreciation and depreciation were $8,117,986 and ($683,771), respectively, with a net unrealized appreciation of $7,434,215.


*		Non-income producing security.
(a)		Issuer is affiliated with the fund’s adviser.
(b)		The rate shown is the 7-day yield.


ETF —		Exchange Traded Fund
Reg’d —		Registered
REIT —		Real Estate Investment Trust

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 funds 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.

Schwab Fundamental U.S. Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	•	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 and ETFs. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, 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.

Quoted Prices in

Significant

Active Markets for

Other Significant

Unobservable

Identical Assets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total

Common Stock¹

$115,182,163

$—

$115,182,163

Other Investment Companies¹

125,169

—

125,169

Total

$115,307,332

$—

$115,307,332


¹		As categorized in portfolio holdings.

Schwab Strategic Trust
Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings as of May 31, 2014 (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		72,087,599		75,373,949
	0	.1%	Other Investment Companies		81,498		81,761
	0	.0%	Rights		14,969		14,969


	99	.9%	Total Investments		72,184,066		75,470,679
	0	.1%	Other Assets and Liabilities, Net				56,233


	100	.0%	Net Assets				75,526,912


	Number		Value
Security	of Shares		($)

Common Stock 99.8% of net assets

Automobiles & Components 1.0%
Cooper Tire & Rubber Co.		3,739		104,056
Dana Holding Corp.		7,844		173,666
Drew Industries, Inc.		848		41,145
Gentex Corp.		3,751		108,479
Superior Industries International, Inc.		2,173		43,243
Tenneco, Inc. *		1,402		89,378
Thor Industries, Inc.		2,688		161,280

				721,247

Banks 4.1%
Associated Banc-Corp.		7,314		126,020
Astoria Financial Corp.		5,343		68,284
BancorpSouth, Inc.		3,529		82,931
Bank of Hawaii Corp.		2,067		115,256
BankUnited, Inc.		1,404		45,686
BOK Financial Corp.		689		43,255
Capitol Federal Financial, Inc.		4,143		50,130
Cathay General Bancorp		2,018		48,493
City Holding Co.		742		32,062
City National Corp.		1,114		79,194
Commerce Bancshares, Inc.		2,385		103,533
Community Bank System, Inc.		911		32,350
Cullen/Frost Bankers, Inc.		1,379		103,232
CVB Financial Corp.		2,809		40,955
East West Bancorp, Inc.		2,438		81,624
F.N.B. Corp.		4,770		58,385
First Financial Bancorp		2,101		34,162
First Horizon National Corp.		9,792		112,216
First Midwest Bancorp, Inc.		2,597		41,552
First Niagara Financial Group, Inc.		9,921		85,420
First Republic Bank		1,378		70,085
FirstMerit Corp.		3,874		72,328
Fulton Financial Corp.		7,167		85,646
Glacier Bancorp, Inc.		1,855		48,731
Hancock Holding Co.		1,643		55,501
International Bancshares Corp.		2,197		52,948
MB Financial, Inc.		1,537		41,253
NBT Bancorp, Inc.		1,590		36,125
Northwest Bancshares, Inc.		3,745		49,846
Old National Bancorp		2,703		36,572
People’s United Financial, Inc.		11,082		159,248
Prosperity Bancshares, Inc.		795		46,213
Provident Financial Services, Inc.		2,544		43,070
Signature Bank *		339		39,263
Susquehanna Bancshares, Inc.		4,797		47,394
SVB Financial Group *		517		54,518
Synovus Financial Corp.		6,034		139,144
TCF Financial Corp.		7,954		126,389
Trustmark Corp.		2,544		58,894
UMB Financial Corp.		798		44,050
Umpqua Holdings Corp.		3,129		51,847
United Bankshares, Inc.		1,855		56,206
Valley National Bancorp		10,176		98,605
Washington Federal, Inc.		3,552		73,988
Webster Financial Corp.		2,387		71,419
Westamerica Bancorp		954		46,717
Wintrust Financial Corp.		848		36,956

				3,127,696

Capital Goods 11.1%
A.O. Smith Corp.		1,696		83,748
AAR Corp.		2,783		67,627
Actuant Corp., Class A		2,016		71,628
Acuity Brands, Inc.		1,201		150,738
Aegion Corp. *		1,908		45,735
Aircastle Ltd.		4,634		77,759
Albany International Corp., Class A		1,378		51,331
Apogee Enterprises, Inc.		1,590		47,859
Applied Industrial Technologies, Inc.		2,703		128,717
Armstrong World Industries, Inc. *		1,908		101,258
Astec Industries, Inc.		1,288		51,404
B/E Aerospace, Inc. *		1,537		148,705
Barnes Group, Inc.		2,332		87,170
Beacon Roofing Supply, Inc. *		1,833		63,239
Briggs & Stratton Corp.		4,545		93,536
Carlisle Cos., Inc.		2,226		188,898
Chart Industries, Inc. *		424		30,481
Chicago Bridge & Iron Co. N.V.		2,173		176,882
CIRCOR International, Inc.		689		52,543
CLARCOR, Inc.		1,643		96,165
Crane Co.		1,855		137,474
Cubic Corp.		848		41,255
Curtiss-Wright Corp.		2,216		147,652
DigitalGlobe, Inc. *		975		29,601
Donaldson Co., Inc.		3,900		158,847
Dycom Industries, Inc. *		2,312		68,782
Encore Wire Corp.		1,590		77,274
EnerSys, Inc.		1,696		117,092
EnPro Industries, Inc. *		636		46,676
ESCO Technologies, Inc.		1,185		39,840

Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Esterline Technologies Corp. *		1,007		112,230
Fortune Brands Home & Security, Inc.		2,438		97,471
Franklin Electric Co., Inc.		1,113		42,628
GATX Corp.		3,233		212,893
Generac Holdings, Inc.		1,040		50,627
Gibraltar Industries, Inc. *		2,703		42,870
Graco, Inc.		1,464		106,843
GrafTech International Ltd. *		7,314		76,431
Granite Construction, Inc.		3,999		142,045
H&E Equipment Services, Inc. *		1,538		53,292
HEICO Corp.		906		47,194
Hexcel Corp. *		1,961		80,499
Huntington Ingalls Industries, Inc.		2,123		211,939
IDEX Corp.		1,897		145,462
Kaman Corp.		1,378		58,606
Kennametal, Inc.		3,330		149,983
Layne Christensen Co. *		3,074		46,540
Lincoln Electric Holdings, Inc.		2,491		163,634
MasTec, Inc. *		1,749		62,964
Meritor, Inc. *		5,182		71,563
Moog, Inc., Class A *		1,590		114,575
MRC Global, Inc. *		4,839		139,315
MSC Industrial Direct Co., Inc., Class A		1,500		137,955
Mueller Industries, Inc.		4,350		125,367
Mueller Water Products, Inc., Class A		6,923		58,361
National Presto Industries, Inc.		511		35,969
Navistar International Corp. *		2,968		101,713
Nordson Corp.		1,302		106,165
Orbital Sciences Corp. *		2,809		73,540
Polypore International, Inc. *		1,074		47,739
Quanex Building Products Corp.		2,862		50,944
Raven Industries, Inc.		1,007		31,569
Regal-Beloit Corp.		1,862		142,126
Rush Enterprises, Inc., Class A *		1,802		59,790
Simpson Manufacturing Co., Inc.		1,590		52,883
Spirit AeroSystems Holdings, Inc., Class A *		5,777		187,464
TAL International Group, Inc. *		1,203		52,715
Teledyne Technologies, Inc. *		1,166		110,502
Tennant Co.		693		44,290
The Babcock & Wilcox Co.		3,180		102,778
The Greenbrier Cos., Inc. *		1,219		67,655
The Manitowoc Co., Inc.		4,726		127,838
The Middleby Corp. *		214		51,107
The Toro Co.		2,402		155,121
Titan International, Inc.		2,057		32,521
TransDigm Group, Inc.		954		180,029
TriMas Corp. *		909		31,915
Trinity Industries, Inc.		3,252		281,396
Triumph Group, Inc.		1,443		100,000
Tutor Perini Corp. *		5,582		170,977
Universal Forest Products, Inc.		2,422		117,588
Valmont Industries, Inc.		742		114,973
WABCO Holdings, Inc. *		1,431		152,788
Wabtec Corp.		1,537		121,023
Watsco, Inc.		1,114		112,102
Watts Water Technologies, Inc., Class A		1,272		70,927
Woodward, Inc.		2,264		101,201

				8,420,551

Commercial & Professional Services 4.3%
ABM Industries, Inc.		5,143		140,250
Brady Corp., Class A		3,216		87,250
Clean Harbors, Inc. *		1,355		82,804
Copart, Inc. *		4,468		158,927
Covanta Holding Corp.		5,329		101,731
Deluxe Corp.		2,332		130,802
FTI Consulting, Inc. *		2,559		82,579
G&K Services, Inc., Class A		1,272		65,902
Healthcare Services Group, Inc.		2,120		63,091
Herman Miller, Inc.		3,180		99,439
HNI Corp.		3,180		119,027
Huron Consulting Group, Inc. *		689		46,769
ICF International, Inc. *		1,166		43,375
IHS, Inc., Class A *		645		81,212
Insperity, Inc.		1,908		61,094
Interface, Inc.		2,385		43,502
KAR Auction Services, Inc.		1,789		54,636
Kelly Services, Inc., Class A		5,553		98,621
Kforce, Inc.		2,438		53,709
Knoll, Inc.		3,021		52,988
Korn/Ferry International *		2,040		61,955
McGrath RentCorp		1,272		43,604
MSA Safety, Inc.		1,011		55,261
Navigant Consulting, Inc. *		3,816		64,223
Nielsen N.V.		4,174		201,437
Quad/Graphics, Inc.		3,465		72,696
Resources Connection, Inc.		4,346		53,890
Rollins, Inc.		1,272		39,012
Steelcase, Inc., Class A		7,870		128,989
Stericycle, Inc. *		1,094		125,121
Tetra Tech, Inc.		2,582		68,707
The Brink’s Co.		3,675		98,123
The Corporate Executive Board Co.		1,166		79,486
Towers Watson & Co., Class A		1,113		125,224
TrueBlue, Inc. *		3,127		85,086
UniFirst Corp.		530		52,444
Verisk Analytics, Inc., Class A *		1,733		102,576
Viad Corp.		1,940		44,504
Waste Connections, Inc.		2,306		105,085

				3,275,131

Consumer Durables & Apparel 3.5%
Arctic Cat, Inc.		659		24,581
Blyth, Inc.		3,202		27,953
Brunswick Corp.		1,199		51,677
Callaway Golf Co.		6,643		53,277
Carter’s, Inc.		1,392		100,405
Columbia Sportswear Co.		689		57,580
Crocs, Inc. *		3,498		52,225
Deckers Outdoor Corp. *		1,166		90,120
Ethan Allen Interiors, Inc.		1,643		38,512
Fossil Group, Inc. *		1,355		141,950
G-III Apparel Group Ltd. *		691		50,664
Hanesbrands, Inc.		2,074		175,937
Helen of Troy Ltd. *		1,007		58,366
JAKKS Pacific, Inc.		6,148		54,287
KB Home		2,823		46,523
La-Z-Boy, Inc.		2,650		64,713
Lennar Corp., Class A		2,824		115,502

Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
M.D.C Holdings, Inc.		1,855		53,072
Meritage Homes Corp. *		872		34,976
Michael Kors Holdings Ltd. *		549		51,815
NACCO Industries, Inc., Class A		1,060		57,505
Polaris Industries, Inc.		1,046		134,850
PulteGroup, Inc.		6,042		118,181
PVH Corp.		1,272		167,433
Quiksilver, Inc. *		8,056		47,853
Skechers U.S.A., Inc., Class A *		2,181		97,054
Steven Madden Ltd. *		1,278		40,717
Tempur Sealy International, Inc. *		2,707		148,777
The Ryland Group, Inc.		1,015		38,265
Toll Brothers, Inc. *		3,339		120,939
Tupperware Brands Corp.		1,949		163,170
Under Armour, Inc., Class A *		1,248		63,386
Wolverine World Wide, Inc.		4,246		109,844

				2,652,109

Consumer Services 4.7%
Bally Technologies, Inc. *		1,508		88,972
Bob Evans Farms, Inc.		2,491		111,273
Boyd Gaming Corp. *		5,112		55,976
Buffalo Wild Wings, Inc. *		318		45,954
Burger King Worldwide, Inc.		2,429		62,401
Caesars Entertainment Corp. *		6,254		114,010
Capella Education Co.		696		39,839
Career Education Corp. *		25,205		117,707
Chipotle Mexican Grill, Inc. *		297		162,486
Choice Hotels International, Inc.		883		39,744
Cracker Barrel Old Country Store, Inc.		922		92,707
DeVry Education Group, Inc.		4,248		179,393
DineEquity, Inc.		583		46,284
Domino’s Pizza, Inc.		1,945		140,915
Dunkin’ Brands Group, Inc.		942		42,164
Hillenbrand, Inc.		2,173		65,820
Hyatt Hotels Corp., Class A *		1,378		84,279
International Speedway Corp., Class A		1,802		56,024
ITT Educational Services, Inc. *		4,431		76,302
Jack in the Box, Inc.		2,882		166,378
Las Vegas Sands Corp.		2,385		182,500
Life Time Fitness, Inc. *		1,413		75,172
Marriott Vacations Worldwide Corp. *		1,223		69,283
Matthews International Corp., Class A		1,592		65,272
Panera Bread Co., Class A *		556		85,407
Papa John’s International, Inc.		1,336		57,942
Penn National Gaming, Inc. *		7,155		83,427
Pinnacle Entertainment, Inc. *		1,961		48,398
Red Robin Gourmet Burgers, Inc. *		795		57,304
Regis Corp.		7,526		103,558
Ruby Tuesday, Inc. *		9,079		71,452
SeaWorld Entertainment, Inc.		1,083		33,053
Six Flags Entertainment Corp.		1,272		51,465
Sonic Corp. *		4,939		102,731
Sotheby’s		1,378		54,403
Steiner Leisure Ltd. *		742		29,814
Strayer Education, Inc. *		2,457		134,251
Texas Roadhouse, Inc.		2,597		65,652
The Cheesecake Factory, Inc.		3,233		148,298
The Wendy’s Co.		15,370		126,034
Vail Resorts, Inc.		1,153		80,353
Weight Watchers International, Inc.		3,245		67,593

				3,581,990

Diversified Financials 3.6%
Affiliated Managers Group, Inc. *		514		96,941
American Capital Ltd. *		901		13,299
Ares Capital Corp.		1,643		28,325
Cash America International, Inc.		2,067		98,203
CBOE Holdings, Inc.		1,613		81,747
DFC Global Corp. *		3,551		33,273
ETRADE Financial Corp.		6,307		128,474
Ezcorp, Inc., Class A *		4,187		51,165
Federated Investors, Inc., Class B		6,042		170,807
First Cash Financial Services, Inc. *		795		41,753
Greenhill & Co., Inc.		1,431		71,149
IntercontinentalExchange Group, Inc.		1,866		366,483
Investment Technology Group, Inc. *		3,286		62,861
Janus Capital Group, Inc.		12,879		150,427
Lazard Ltd., Class A		2,014		101,707
Leucadia National Corp.		3,445		88,364
LPL Financial Holdings, Inc.		1,590		74,571
MSCI, Inc. *		3,339		144,111
Nelnet, Inc., Class A		1,219		50,186
Raymond James Financial, Inc.		2,544		123,130
SEI Investments Co.		5,088		167,548
Stifel Financial Corp. *		954		43,121
TD Ameritrade Holding Corp.		5,035		152,762
The NASDAQ OMX Group, Inc.		4,611		174,757
Waddell & Reed Financial, Inc., Class A		1,961		118,405
World Acceptance Corp. *		689		54,424

				2,687,993

Energy 6.7%
Atwood Oceanics, Inc. *		1,221		60,256
Basic Energy Services, Inc. *		2,386		64,899
Bill Barrett Corp. *		2,756		68,900
Bristow Group, Inc.		1,113		84,566
Cabot Oil & Gas Corp.		3,021		109,481
CARBO Ceramics, Inc.		530		72,912
Cloud Peak Energy, Inc. *		4,191		77,408
Comstock Resources, Inc.		2,756		74,936
Concho Resources, Inc. *		875		115,325
Delek US Holdings, Inc.		2,619		81,372
Denbury Resources, Inc.		10,441		176,349
Dresser-Rand Group, Inc. *		2,868		175,522
Dril-Quip, Inc. *		651		66,545
Energy XXI Bermuda Ltd.		2,206		47,319
EXCO Resources, Inc.		12,252		64,446
Exterran Holdings, Inc.		4,263		177,938
Forest Oil Corp. *		33,930		83,468
Green Plains, Inc.		1,944		56,804
Gulfmark Offshore, Inc., Class A		901		41,815
Helix Energy Solutions Group, Inc. *		6,095		142,501
Hercules Offshore, Inc. *		10,104		45,872
Hornbeck Offshore Services, Inc. *		954		43,159
ION Geophysical Corp. *		8,084		33,710
Key Energy Services, Inc. *		14,522		116,902
Matrix Service Co. *		1,605		52,403
Newpark Resources, Inc. *		3,763		42,371
Nordic American Tankers Ltd.		4,745		38,814

Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Oceaneering International, Inc.		2,146		154,619
Oil States International, Inc. *		1,697		182,563
Parker Drilling Co. *		9,191		59,466
PDC Energy, Inc. *		595		38,193
Penn Virginia Corp. *		7,165		108,765
Pioneer Energy Services Corp. *		5,247		83,427
Quicksilver Resources, Inc. *		26,977		65,015
Range Resources Corp.		1,540		143,143
Rosetta Resources, Inc. *		988		46,565
SandRidge Energy, Inc. *		17,140		114,324
SemGroup Corp., Class A		2,014		136,831
Ship Finance International Ltd.		3,148		58,301
SM Energy Co.		1,696		128,574
Stone Energy Corp. *		2,526		112,129
Superior Energy Services, Inc.		5,275		175,077
Swift Energy Co. *		5,493		59,599
Targa Resources Corp.		954		109,672
Teekay Corp.		2,160		124,956
TETRA Technologies, Inc. *		4,983		57,454
Tidewater, Inc.		3,103		161,728
Ultra Petroleum Corp. *		4,618		124,778
Unit Corp. *		2,617		166,232
W&T Offshore, Inc.		3,090		45,330
Western Refining, Inc.		4,268		175,073
Whiting Petroleum Corp. *		2,544		182,786
Willbros Group, Inc. *		4,361		53,030

				5,083,623

Food & Staples Retailing 1.0%
PriceSmart, Inc.		424		38,860
Rite Aid Corp. *		16,352		136,703
Roundy’s, Inc.		4,351		23,365
Susser Holdings Corp. *		1,325		105,086
The Andersons, Inc.		1,761		89,705
The Fresh Market, Inc. *		836		25,623
The Pantry, Inc. *		9,116		153,969
United Natural Foods, Inc. *		2,332		157,200

				730,511

Food, Beverage & Tobacco 2.2%
B&G Foods, Inc.		1,166		39,947
Cal-Maine Foods, Inc.		954		66,551
Chiquita Brands International, Inc. *		10,176		104,406
Darling Ingredients, Inc. *		2,774		55,452
Flowers Foods, Inc.		6,213		129,541
Fresh Del Monte Produce, Inc.		4,558		132,045
J&J Snack Foods Corp.		477		44,680
Keurig Green Mountain, Inc.		881		99,359
Lancaster Colony Corp.		954		85,183
Monster Beverage Corp. *		1,749		121,346
Pilgrim’s Pride Corp. *		2,334		59,377
Post Holdings, Inc. *		1,696		84,749
Sanderson Farms, Inc.		1,368		126,554
Seaboard Corp. *		21		56,592
Snyder’s-Lance, Inc.		1,802		48,978
The Hain Celestial Group, Inc. *		636		57,698
The WhiteWave Foods Co., Class A *		2,952		92,958
TreeHouse Foods, Inc. *		1,060		79,447
Universal Corp.		2,772		148,441
Vector Group Ltd.		2,870		60,012

				1,693,316

Health Care Equipment & Services 4.8%
Alere, Inc. *		2,833		101,336
Allscripts Healthcare Solutions, Inc. *		2,481		36,570
Amedisys, Inc. *		6,095		88,682
Amsurg Corp. *		1,380		62,486
Analogic Corp.		427		29,173
Brookdale Senior Living, Inc. *		3,024		100,578
Catamaran Corp. *		1,946		85,157
Centene Corp. *		2,491		185,629
Cerner Corp. *		2,756		148,962
Chemed Corp.		1,509		132,913
CONMED Corp.		1,166		52,353
Edwards Lifesciences Corp. *		1,613		130,976
Gentiva Health Services, Inc. *		3,789		51,644
Greatbatch, Inc. *		852		39,797
Haemonetics Corp. *		1,631		55,552
Hanger, Inc. *		1,166		35,423
HealthSouth Corp.		1,963		68,941
Healthways, Inc. *		3,131		53,947
Hill-Rom Holdings, Inc.		3,339		132,525
Hologic, Inc. *		6,125		149,695
IDEXX Laboratories, Inc. *		1,325		170,236
Integra LifeSciences Holdings Corp. *		848		38,118
Intuitive Surgical, Inc. *		335		123,863
Invacare Corp.		4,456		73,524
Kindred Healthcare, Inc.		8,975		222,760
Masimo Corp. *		1,431		35,260
MEDNAX, Inc. *		2,332		134,393
Molina Healthcare, Inc. *		2,279		98,202
MWI Veterinary Supply, Inc. *		297		41,435
PharMerica Corp. *		4,009		108,804
ResMed, Inc.		2,190		109,631
Select Medical Holdings Corp.		3,578		54,207
Sirona Dental Systems, Inc. *		883		66,419
STERIS Corp.		2,809		150,338
Teleflex, Inc.		1,538		164,012
The Cooper Cos., Inc.		715		92,249
VCA Antech, Inc. *		3,134		105,459
West Pharmaceutical Services, Inc.		1,859		78,245

				3,609,494

Household & Personal Products 0.4%
Central Garden & Pet Co., Class A *		10,134		80,667
Elizabeth Arden, Inc. *		1,115		30,250
Nu Skin Enterprises, Inc., Class A		1,337		98,724
Spectrum Brands Holdings, Inc.		641		49,915
WD-40 Co.		508		36,662

				296,218

Insurance 4.1%
Alleghany Corp. *		245		103,174
American Equity Investment Life Holding Co.		2,703		60,872
Argo Group International Holdings Ltd.		1,378		66,764
Arthur J. Gallagher & Co.		3,392		155,455
Aspen Insurance Holdings Ltd.		4,558		209,440

Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Assured Guaranty Ltd.		3,180		77,656
Brown & Brown, Inc.		2,862		86,404
CNO Financial Group, Inc.		11,130		179,527
First American Financial Corp.		5,512		154,446
Horace Mann Educators Corp.		1,590		46,444
Infinity Property & Casualty Corp.		1,233		78,924
Kemper Corp.		4,281		149,621
Markel Corp. *		212		135,727
Mercury General Corp.		1,915		90,292
Montpelier Re Holdings Ltd.		2,332		73,318
Old Republic International Corp.		10,743		183,705
Primerica, Inc.		3,869		174,260
ProAssurance Corp.		1,952		88,718
Protective Life Corp.		3,571		186,763
RLI Corp.		2,228		99,369
Safety Insurance Group, Inc.		742		38,272
Selective Insurance Group, Inc.		2,845		67,626
StanCorp Financial Group, Inc.		2,586		155,419
Stewart Information Services Corp.		1,380		44,270
Symetra Financial Corp.		2,498		52,083
The Hanover Insurance Group, Inc.		2,294		137,755
Tower Group International Ltd.		11,151		23,975
Validus Holdings Ltd.		3,975		148,387

				3,068,666

Materials 6.0%
A. Schulman, Inc.		2,546		89,645
A.M. Castle & Co. *		2,067		24,949
AK Steel Holding Corp. *		27,255		166,801
Axiall Corp.		1,963		90,710
Cabot Corp.		3,368		190,460
Carpenter Technology Corp.		2,014		125,855
Century Aluminum Co. *		5,459		74,515
Chemtura Corp. *		5,363		133,968
Clearwater Paper Corp. *		1,060		65,794
Coeur Mining, Inc. *		3,819		26,122
Compass Minerals International, Inc.		1,124		104,521
Crown Holdings, Inc. *		4,081		199,357
Eagle Materials, Inc.		756		65,749
Ferro Corp. *		7,294		93,363
Graphic Packaging Holding Co. *		8,933		98,174
Greif, Inc., Class A		2,210		120,710
H.B. Fuller Co.		2,440		116,705
Hecla Mining Co.		11,054		30,620
Innophos Holdings, Inc.		1,259		66,097
Innospec, Inc.		931		39,260
Kaiser Aluminum Corp.		1,219		83,465
KapStone Paper & Packaging Corp. *		1,599		46,451
Koppers Holdings, Inc.		1,113		40,446
Kraton Performance Polymers, Inc. *		2,400		59,688
Louisiana-Pacific Corp. *		3,127		44,403
Materion Corp.		1,614		55,021
Minerals Technologies, Inc.		1,579		97,898
Myers Industries, Inc.		1,934		41,098
NewMarket Corp.		301		117,845
Olin Corp.		4,510		122,897
OM Group, Inc.		2,385		73,458
P.H. Glatfelter Co.		2,650		69,748
PolyOne Corp.		2,491		99,964
Resolute Forest Products, Inc. *		10,494		157,095
Rock-Tenn Co., Class A		1,559		157,506
Rockwood Holdings, Inc.		2,215		169,160
RTI International Metals, Inc. *		1,113		29,851
Schnitzer Steel Industries, Inc., Class A		6,030		150,268
Schweitzer-Mauduit International, Inc.		1,094		45,598
Sensient Technologies Corp.		2,226		121,985
Silgan Holdings, Inc.		2,265		110,600
Stepan Co.		939		50,255
Stillwater Mining Co. *		3,498		58,801
SunCoke Energy, Inc. *		2,862		57,469
The Scotts Miracle-Gro Co., Class A		2,809		168,400
Tredegar Corp.		1,537		32,661
W.R. Grace & Co. *		719		66,206
Walter Energy, Inc.		9,413		45,935
Wausau Paper Corp.		3,657		38,910
Westlake Chemical Corp.		954		77,131
Worthington Industries, Inc.		2,616		105,425

				4,519,013

Media 2.3%
AMC Networks, Inc., Class A *		636		39,356
Cinemark Holdings, Inc.		4,441		139,980
Dex Media, Inc. *		17,988		178,441
DreamWorks Animation SKG, Inc., Class A *		4,187		117,571
John Wiley & Sons, Inc., Class A		1,915		104,904
Lamar Advertising Co., Class A		3,213		158,529
Lions Gate Entertainment Corp.		1,169		30,546
Live Nation Entertainment, Inc. *		4,649		110,274
Meredith Corp.		2,226		100,081
National CineMedia, Inc.		2,606		40,836
Regal Entertainment Group, Class A		5,447		106,271
Scholastic Corp.		3,975		126,723
Scripps Networks Interactive, Inc., Class A		2,294		175,399
Sinclair Broadcast Group, Inc., Class A		1,484		43,897
Sirius XM Holdings, Inc. *		9,296		30,491
The E.W. Scripps Co., Class A *		2,390		46,653
The Madison Square Garden Co., Class A *		1,007		55,234
The New York Times Co., Class A		7,618		113,203

				1,718,389

Pharmaceuticals, Biotechnology & Life Sciences 2.3%
Alexion Pharmaceuticals, Inc. *		290		48,233
Bio-Rad Laboratories, Inc., Class A *		695		83,907
Bruker Corp. *		2,014		42,193
Cambrex Corp. *		3,169		68,102
Charles River Laboratories International, Inc. *		2,706		144,988
Covance, Inc. *		1,916		160,676
Cubist Pharmaceuticals, Inc. *		636		42,358
Endo International plc *		3,329		234,994
Illumina, Inc. *		801		126,758
Impax Laboratories, Inc. *		2,255		62,599
Myriad Genetics, Inc. *		1,144		37,935
PAREXEL International Corp. *		1,060		53,477
PDL BioPharma, Inc.		8,798		82,437
PerkinElmer, Inc.		3,975		178,756
Perrigo Co., plc		954		131,843
QIAGEN N.V. *		4,099		94,113

Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Techne Corp.		801		70,320
United Therapeutics Corp. *		383		36,668
Zoetis, Inc.		2,332		71,592

				1,771,949

Real Estate 8.8%
Alexandria Real Estate Equities, Inc.		1,388		105,613
American Campus Communities, Inc.		1,484		57,639
American Capital Agency Corp.		4,316		102,419
Anworth Mortgage Asset Corp.		10,128		54,691
Ashford Hospitality Trust, Inc.		3,629		38,830
BioMed Realty Trust, Inc.		3,937		85,433
Brandywine Realty Trust		7,143		109,288
Camden Property Trust		1,802		126,572
Capstead Mortgage Corp.		5,008		65,955
CBL & Associates Properties, Inc.		5,462		102,795
CBRE Group, Inc., Class A *		4,852		144,784
Chimera Investment Corp.		29,737		93,672
CommonWealth REIT		5,406		142,232
Corporate Office Properties Trust		3,445		94,910
Corrections Corp. of America		4,573		148,760
Cousins Properties, Inc.		3,233		38,796
CYS Investments, Inc.		5,685		52,529
DCT Industrial Trust, Inc.		7,136		56,517
DDR Corp.		6,278		108,672
DiamondRock Hospitality Co.		6,413		79,649
Digital Realty Trust, Inc.		2,260		129,950
Douglas Emmett, Inc.		3,074		87,271
Duke Realty Corp.		9,950		176,115
EastGroup Properties, Inc.		655		41,697
EPR Properties		1,403		75,650
Equity Lifestyle Properties, Inc.		1,060		46,364
Essex Property Trust, Inc.		983		177,884
Extra Space Storage, Inc.		1,008		52,769
Federal Realty Investment Trust		1,166		139,360
Forest City Enterprises, Inc., Class A *		1,802		34,292
General Growth Properties, Inc.		8,321		198,289
Glimcher Realty Trust		3,412		37,600
Hatteras Financial Corp.		3,436		69,716
Healthcare Realty Trust, Inc.		2,193		54,672
Highwoods Properties, Inc.		2,340		94,957
Home Properties, Inc.		1,284		79,839
Inland Real Estate Corp.		2,968		31,520
Invesco Mortgage Capital, Inc.		2,885		51,238
iStar Financial, Inc. *		7,495		108,228
Jones Lang LaSalle, Inc.		1,517		183,997
Kilroy Realty Corp.		1,219		73,847
LaSalle Hotel Properties		2,014		66,442
Lexington Realty Trust		5,735		65,092
Liberty Property Trust		3,836		148,492
Mack-Cali Realty Corp.		6,156		133,893
MFA Financial, Inc.		12,697		104,496
Mid-America Apartment Communities, Inc.		1,631		118,003
National Retail Properties, Inc.		1,749		61,180
NorthStar Realty Finance Corp.		4,117		68,136
Omega Healthcare Investors, Inc.		1,686		62,197
Pennsylvania Real Estate Investment Trust		2,862		51,373
Piedmont Office Realty Trust, Inc., Class A		8,414		156,669
Post Properties, Inc.		1,007		51,508
Potlatch Corp.		1,498		60,160
PS Business Parks, Inc.		492		41,421
RAIT Financial Trust		5,830		45,707
Realty Income Corp.		2,067		89,501
Redwood Trust, Inc.		3,445		67,143
Regency Centers Corp.		2,190		116,946
Retail Properties of America, Inc., Class A		4,064		61,123
RLJ Lodging Trust		1,867		51,735
Ryman Hospitality Properties, Inc.		1,024		47,237
Sabra Health Care REIT, Inc.		2,127		62,279
Senior Housing Properties Trust		3,323		79,686
SL Green Realty Corp.		1,251		136,972
Sovran Self Storage, Inc.		623		47,846
Starwood Property Trust, Inc.		1,593		38,853
Sun Communities, Inc.		709		34,330
Sunstone Hotel Investors, Inc.		4,047		59,450
Tanger Factory Outlet Centers, Inc.		1,458		51,642
Taubman Centers, Inc.		1,166		87,333
The Geo Group, Inc.		1,791		60,912
The Macerich Co.		2,395		158,166
UDR, Inc.		5,228		143,875
Washington REIT		2,524		65,195
Weingarten Realty Investors		3,822		121,501
WP Carey, Inc.		838		53,330

				6,624,835

Retailing 5.1%
Aeropostale, Inc. *		15,622		61,082
ANN, Inc. *		4,346		168,929
Asbury Automotive Group, Inc. *		1,696		109,629
Ascena Retail Group, Inc. *		5,153		86,029
Barnes & Noble, Inc. *		6,678		121,139
Brown Shoe Co., Inc.		3,403		95,794
Cabela’s, Inc. *		850		52,046
Chico’s FAS, Inc.		8,285		125,601
DSW, Inc., Class A		1,802		45,140
Express, Inc. *		3,098		39,066
Fred’s, Inc., Class A		5,654		86,337
Genesco, Inc. *		1,325		99,229
GNC Holdings, Inc., Class A		1,675		61,841
Group 1 Automotive, Inc.		1,999		160,920
Guess?, Inc.		4,859		123,905
hhgregg, Inc. *		2,360		21,712
Hibbett Sports, Inc. *		911		47,909
HSN, Inc.		1,192		66,299
Jos. A. Bank Clothiers, Inc. *		1,166		75,732
Lithia Motors, Inc., Class A		954		74,822
LKQ Corp. *		4,332		120,170
Lumber Liquidators Holdings, Inc. *		336		26,100
Monro Muffler Brake, Inc.		848		45,800
Netflix, Inc. *		270		112,814
Nutrisystem, Inc.		4,780		78,870
Office Depot, Inc. *		43,886		224,696
Outerwall, Inc. *		1,166		82,471
Penske Automotive Group, Inc.		2,848		132,489
Pier 1 Imports, Inc.		2,279		40,133
Pool Corp.		1,378		79,552
Sally Beauty Holdings, Inc. *		2,177		55,775
Sears Hometown & Outlet Stores, Inc. *		1,728		38,068

Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Select Comfort Corp. *		1,604		29,738
Sonic Automotive, Inc., Class A		4,276		112,544
Stage Stores, Inc.		3,710		68,153
The Bon-Ton Stores, Inc.		2,515		25,754
The Buckle, Inc.		1,537		68,934
The Cato Corp., Class A		1,961		56,555
The Children’s Place Retail Stores, Inc.		2,173		105,130
The Finish Line, Inc., Class A		3,616		103,671
The Men’s Wearhouse, Inc.		3,844		191,354
The Pep Boys-Manny, Moe & Jack *		5,088		51,847
The Wet Seal, Inc., Class A *		12,745		10,706
TripAdvisor, Inc. *		501		48,682
Ulta Salon, Cosmetics & Fragrance, Inc. *		730		61,977
Urban Outfitters, Inc. *		4,360		146,147
Vitamin Shoppe, Inc. *		1,007		43,281

				3,884,572

Semiconductors & Semiconductor Equipment 4.6%
Advanced Micro Devices, Inc. *		41,764		167,056
Amkor Technology, Inc. *		12,075		122,078
Atmel Corp. *		19,806		165,974
Avago Technologies Ltd.		3,710		262,186
Brooks Automation, Inc.		5,141		49,919
Cabot Microelectronics Corp. *		954		41,051
Cirrus Logic, Inc. *		1,961		43,397
Cree, Inc. *		1,219		58,658
Cypress Semiconductor Corp. *		9,503		97,406
Diodes, Inc. *		1,331		36,829
Entegris, Inc. *		6,629		76,035
Fairchild Semiconductor International, Inc. *		8,015		117,580
First Solar, Inc. *		2,465		152,288
GT Advanced Technologies, Inc. *		9,676		163,137
Hittite Microwave Corp.		512		30,106
Integrated Device Technology, Inc. *		8,539		113,569
International Rectifier Corp. *		3,025		81,130
Intersil Corp., Class A		11,589		163,057
Micrel, Inc.		3,604		38,383
Microsemi Corp. *		1,655		40,266
MKS Instruments, Inc.		2,438		70,336
OmniVision Technologies, Inc. *		3,059		68,766
ON Semiconductor Corp. *		15,863		137,849
Photronics, Inc. *		4,823		42,394
PMC-Sierra, Inc. *		7,049		49,836
RF Micro Devices, Inc. *		11,153		104,950
Semtech Corp. *		1,407		36,498
Silicon Laboratories, Inc. *		2,332		105,220
Skyworks Solutions, Inc.		3,128		135,474
Spansion, Inc., Class A *		3,498		66,637
SunEdison, Inc. *		13,555		266,898
Synaptics, Inc. *		1,007		68,557
Teradyne, Inc.		6,678		118,868
Tessera Technologies, Inc.		1,749		39,335
TriQuint Semiconductor, Inc. *		6,400		99,584
Veeco Instruments, Inc. *		1,378		45,915

				3,477,222

Software & Services 6.0%
Activision Blizzard, Inc.		8,692		180,620
Acxiom Corp. *		2,916		66,281
Akamai Technologies, Inc. *		2,597		141,121
ANSYS, Inc. *		808		59,348
CACI International, Inc., Class A *		2,014		143,800
Cadence Design Systems, Inc. *		2,703		45,113
Compuware Corp.		12,826		126,977
Convergys Corp.		9,169		200,068
Conversant, Inc. *		3,308		78,003
CSG Systems International, Inc.		2,760		72,505
Digital River, Inc. *		2,659		41,853
EarthLink Holdings Corp.		19,721		71,784
Electronic Arts, Inc. *		4,743		166,622
Equinix, Inc. *		454		90,232
Euronet Worldwide, Inc. *		1,272		59,962
Facebook, Inc., Class A *		2,818		178,379
FactSet Research Systems, Inc.		1,219		130,604
Fair Isaac Corp.		2,048		120,627
FleetCor Technologies, Inc. *		330		41,715
Gartner, Inc. *		1,325		94,194
Genpact Ltd. *		3,763		63,407
Global Cash Access Holdings, Inc. *		4,664		41,510
Global Payments, Inc.		1,961		134,446
Heartland Payment Systems, Inc.		1,537		63,709
Informatica Corp. *		1,102		40,322
j2 Global, Inc.		958		45,371
Jack Henry & Associates, Inc.		1,806		104,730
Manhattan Associates, Inc. *		1,732		56,221
ManTech International Corp., Class A		2,809		82,837
MAXIMUS, Inc.		1,804		80,603
Mentor Graphics Corp.		1,855		39,307
MICROS Systems, Inc. *		1,441		76,978
MicroStrategy, Inc., Class A *		318		44,876
Monster Worldwide, Inc. *		18,815		106,493
NeuStar, Inc., Class A *		2,003		56,124
Nuance Communications, Inc. *		3,379		54,689
Progress Software Corp. *		2,290		49,739
PTC, Inc. *		2,226		81,917
Rackspace Hosting, Inc. *		1,188		43,350
Red Hat, Inc. *		1,286		64,454
Rovi Corp. *		1,908		46,116
Salesforce.com, Inc. *		1,378		72,524
Sapient Corp. *		3,074		50,567
Solera Holdings, Inc.		795		51,874
Sykes Enterprises, Inc. *		2,968		59,894
Synopsys, Inc. *		2,968		114,238
Take-Two Interactive Software, Inc. *		3,127		64,510
TeleTech Holdings, Inc. *		1,749		46,139
TIBCO Software, Inc. *		4,579		98,494
Unisys Corp. *		3,286		77,122
United Online, Inc.		3,658		39,945
VeriFone Systems, Inc. *		1,716		56,302
VeriSign, Inc. *		3,049		152,694
Vistaprint N.V. *		848		33,937
VMware, Inc., Class A *		407		39,276
WEX, Inc. *		554		53,345

				4,497,868

Technology Hardware & Equipment 4.7%
ADTRAN, Inc.		3,036		68,128
ARRIS Group, Inc. *		4,134		136,877
Belden, Inc.		1,261		90,779

Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Benchmark Electronics, Inc. *		6,239		144,682
Brocade Communications Systems, Inc. *		17,755		161,926
Cognex Corp. *		1,126		40,536
Coherent, Inc. *		1,007		60,400
Comtech Telecommunications Corp.		1,910		62,400
Diebold, Inc.		4,426		166,108
Dolby Laboratories, Inc., Class A *		1,537		63,847
EchoStar Corp., Class A *		1,229		62,765
Electronics For Imaging, Inc. *		1,664		67,708
Emulex Corp. *		6,625		35,510
F5 Networks, Inc. *		1,272		138,076
FEI Co.		477		39,806
Finisar Corp. *		2,491		59,161
FLIR Systems, Inc.		4,293		149,869
Insight Enterprises, Inc. *		6,008		163,297
InterDigital, Inc.		1,421		53,984
Itron, Inc. *		2,613		100,470
JDS Uniphase Corp. *		6,148		67,444
Littelfuse, Inc.		530		46,460
MTS Systems Corp.		583		38,595
National Instruments Corp.		2,438		69,824
NCR Corp. *		4,525		147,786
NETGEAR, Inc. *		1,643		54,005
OSI Systems, Inc. *		516		29,386
Plantronics, Inc.		1,325		60,075
Plexus Corp. *		3,074		128,370
Polycom, Inc. *		9,073		115,681
QLogic Corp. *		12,476		124,011
Rofin-Sinar Technologies, Inc. *		1,899		44,133
Sanmina Corp. *		8,355		170,024
ScanSource, Inc. *		2,597		96,349
SYNNEX Corp. *		3,114		205,866
Trimble Navigation Ltd. *		2,865		103,341
ViaSat, Inc. *		592		32,104
Zebra Technologies Corp., Class A *		2,438		181,143

				3,580,926

Telecommunication Services 1.0%
Cincinnati Bell, Inc. *		24,009		94,836
Consolidated Communications Holdings, Inc.		2,756		56,277
Intelsat S.A. *		1,926		37,345
Level 3 Communications, Inc. *		3,887		169,668
NTELOS Holdings Corp.		2,279		28,556
SBA Communications Corp., Class A *		954		96,831
T-Mobile US, Inc. *		2,075		71,235
tw telecom, Inc. *		3,379		110,797
United States Cellular Corp.		1,325		56,909

				722,454

Transportation 4.0%
Alaska Air Group, Inc.		1,947		191,702
Allegiant Travel Co.		341		39,215
AMERCO		232		64,055
ArcBest Corp.		2,741		117,232
Atlas Air Worldwide Holdings, Inc. *		1,857		67,948
Con-way, Inc.		3,723		172,040
Copa Holdings S.A., Class A		568		81,184
Delta Air Lines, Inc.		4,578		182,708
Forward Air Corp.		1,166		52,307
Genesee & Wyoming, Inc., Class A *		424		41,276
Hawaiian Holdings, Inc. *		4,378		67,596
Heartland Express, Inc.		2,916		63,058
Hub Group, Inc., Class A *		2,229		104,830
JetBlue Airways Corp. *		14,735		142,340
Kansas City Southern		1,344		144,507
Kirby Corp. *		1,166		128,901
Knight Transportation, Inc.		3,555		86,635
Landstar System, Inc.		2,339		151,871
Matson, Inc.		4,452		109,386
Old Dominion Freight Line, Inc. *		1,549		99,074
Republic Airways Holdings, Inc. *		7,798		82,035
Saia, Inc. *		1,123		48,940
SkyWest, Inc.		12,084		138,241
Southwest Airlines Co.		7,826		206,998
Swift Transportation Co. *		2,385		59,053
United Continental Holdings, Inc. *		3,410		151,302
UTi Worldwide, Inc.		9,096		88,686
Werner Enterprises, Inc.		4,264		112,570

				2,995,690

Utilities 3.5%
ALLETE, Inc.		1,605		79,720
American States Water Co.		1,184		35,852
Aqua America, Inc.		4,104		104,160
Atlantic Power Corp.		14,798		50,313
Avista Corp.		3,604		112,841
Black Hills Corp.		1,802		103,921
California Water Service Group		1,908		42,090
Cleco Corp.		2,120		110,304
El Paso Electric Co.		2,301		87,691
Hawaiian Electric Industries, Inc.		5,635		135,522
IDACORP, Inc.		2,014		110,428
ITC Holdings Corp.		2,862		104,749
MGE Energy, Inc.		1,456		54,658
New Jersey Resources Corp.		2,491		137,030
Northwest Natural Gas Co.		1,767		79,992
NorthWestern Corp.		1,910		91,680
Otter Tail Corp.		2,226		63,619
Piedmont Natural Gas Co., Inc.		3,816		136,575
PNM Resources, Inc.		4,929		140,279
Portland General Electric Co.		4,823		159,497
South Jersey Industries, Inc.		1,133		65,170
Southwest Gas Corp.		2,438		127,654
The Empire District Electric Co.		2,650		63,626
The Laclede Group, Inc.		1,643		76,695
UIL Holdings Corp.		2,332		86,214
UNS Energy Corp.		2,173		131,619
WGL Holdings, Inc.		3,467		140,587

				2,632,486

Total Common Stock
(Cost $72,087,599)				75,373,949




Other Investment Companies 0.1% of net assets

Equity Fund 0.1%
iShares Russell 2000 ETF		600		67,716

Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)

Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (c)		14,045		14,045

Total Other Investment Companies
(Cost $81,498)				81,761




Rights 0.0% of net assets

Telecommunication Services 0.0%
Contra Leap Wireless CVR *(a)(b)		5,940		14,969

Total Rights
(Cost $14,969)				14,969



End of Investments.

At 05/31/14, the tax basis cost of the fund’s investments was $72,197,283 and the unrealized appreciation and depreciation were $5,272,200 and ($1,998,804), respectively, with a net unrealized appreciation of $3,273,396.


*		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 $14,969 or 0.0% of net assets.
(c)		The rate shown is the 7-day yield.


CVR —		Contingent Value Rights
ETF —		Exchange Traded Fund
REIT —		Real Estate Investment Trust

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 funds 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.

Schwab Fundamental U.S. Small Company Index ETF

Portfolio Holdings (Unaudited) continued

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 and ETFs. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, 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.

Quoted Prices in

Significant

Active Markets for

Other Significant

Unobservable

Identical Assets

Observable Inputs

Inputs

Description

(Level 1)

(Level 2)

(Level 3)

Total

Common Stock¹

$75,373,949

$—

$75,373,949

Other Investment Companies¹

81,761

—

81,761

Rights¹

—

14,969

Total

$75,455,710

$—

$14,969

$75,470,679


¹		As categorized in portfolio holdings.

Schwab Strategic Trust
Schwab Fundamental International Large Company Index ETF

Portfolio Holdings as of May 31, 2014 (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	.9%	Common Stock		93,362,432		97,904,648
	0	.1%	Other Investment Companies		71,555		74,991
	0	.4%	Preferred Stock		409,578		426,919


	99	.4%	Total Investments		93,843,565		98,406,558
	0	.6%	Other Assets and Liabilities, Net				609,106


	100	.0%	Net Assets				99,015,664


	Number		Value
Security	of Shares		($)

Common Stock 98.9% of net assets

Australia 5.0%


Banks 1.4%
Australia & New Zealand Banking Group Ltd.		10,200		317,925
Commonwealth Bank of Australia		5,032		382,109
National Australia Bank Ltd.		10,506		327,463
Westpac Banking Corp.		10,370		332,200

				1,359,697


Capital Goods 0.0%
Leighton Holdings Ltd.		1,462		27,526
UGL Ltd.		2,958		18,060

				45,586


Commercial & Professional Services 0.1%
Brambles Ltd.		8,500		76,103
Downer EDI Ltd.		6,562		32,552

				108,655


Consumer Services 0.1%
Crown Resorts Ltd.		1,904		28,814
Tabcorp Holdings Ltd.		18,700		60,566
Tatts Group Ltd.		15,300		43,289

				132,669


Diversified Financials 0.1%
Macquarie Group Ltd.		1,434		80,118


Energy 0.3%
Caltex Australia Ltd.		2,720		56,579
Origin Energy Ltd.		5,100		71,626
Santos Ltd.		3,740		50,541
Woodside Petroleum Ltd.		2,312		90,740
WorleyParsons Ltd.		1,802		26,935

				296,421


Food & Staples Retailing 0.6%
Metcash Ltd.		17,000		45,092
Wesfarmers Ltd.		7,616		307,345
Woolworths Ltd.		7,854		274,334

				626,771


Food, Beverage & Tobacco 0.0%
Coca-Cola Amatil Ltd.		3,026		26,642


Health Care Equipment & Services 0.0%
Sonic Healthcare Ltd.		1,598		26,339


Insurance 0.4%
AMP Ltd.		13,838		68,130
Insurance Australia Group Ltd.		7,650		42,363
QBE Insurance Group Ltd.		9,384		99,389
Suncorp Group Ltd.		10,744		133,493

				343,375


Materials 1.3%
Amcor Ltd.		6,052		59,762
Arrium Ltd.		41,038		34,566
BHP Billiton Ltd.		19,822		682,773
BlueScope Steel Ltd. *		12,648		68,745
Boral Ltd.		7,072		34,884
CSR Ltd.		8,772		28,003
Incitec Pivot Ltd.		14,790		37,854
Newcrest Mining Ltd. *		4,760		43,149
Orica Ltd.		2,550		46,659
Rio Tinto Ltd.		3,196		176,389
Sims Metal Management Ltd. *		5,100		45,852

				1,258,636


Media 0.0%
Fairfax Media Ltd.		37,570		35,666


Pharmaceuticals, Biotechnology & Life Sciences 0.1%
CSL Ltd.		1,088		71,480


Real Estate 0.2%
Lend Lease Group		4,250		53,043
Mirvac Group		17,646		29,726
Stockland		14,178		51,462
Westfield Group		9,894		98,529

				232,760


Telecommunication Services 0.2%
Telstra Corp., Ltd.		32,640		162,219


Transportation 0.2%
Asciano Ltd.		6,800		35,441
Qantas Airways Ltd. *		32,606		42,637
Sydney Airport		6,129		25,042
Toll Holdings Ltd.		8,228		41,505

				144,625


Utilities 0.0%
AGL Energy Ltd.		3,162		45,320

				4,996,979

Austria 0.4%


Banks 0.1%
Erste Group Bank AG		3,332		115,895

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Capital Goods 0.1%
Andritz AG		340		20,272
Wienerberger AG		1,768		31,761

				52,033


Energy 0.1%
OMV AG		2,006		83,186


Materials 0.1%
Voestalpine AG		1,632		75,594


Telecommunication Services 0.0%
Telekom Austria AG		4,998		48,647

				375,355

Belgium 0.9%


Banks 0.1%
KBC Groep N.V. *		1,104		65,787


Food & Staples Retailing 0.2%
Colruyt S.A.		442		24,792
Delhaize Group S.A.		2,456		174,805

				199,597


Food, Beverage & Tobacco 0.3%
Anheuser-Busch InBev N.V.		2,380		261,467


Insurance 0.1%
Ageas		2,040		85,849


Materials 0.1%
NV Bekaert S.A.		918		34,787
Solvay S.A.		374		60,552
Umicore S.A.		1,360		65,472

				160,811


Pharmaceuticals, Biotechnology & Life Sciences 0.0%
UCB S.A.		442		35,271


Telecommunication Services 0.1%
Belgacom S.A.		2,108		69,913

				878,695

Canada 6.2%


Automobiles & Components 0.2%
Magna International, Inc.		1,904		194,529


Banks 1.3%
Bank of Montreal		2,618		183,912
Bank of Nova Scotia		4,148		265,990
Canadian Imperial Bank of Commerce		1,666		146,770
National Bank of Canada		1,394		58,412
Royal Bank of Canada		5,406		371,602
The Toronto-Dominion Bank		5,950		294,582

				1,321,268


Capital Goods 0.1%
Bombardier, Inc., B Shares		11,424		38,822
Finning International, Inc.		1,530		41,088
SNC-Lavalin Group, Inc.		680		32,802

				112,712


Consumer Services 0.0%
Tim Hortons, Inc.		510		27,580


Diversified Financials 0.1%
IGM Financial, Inc.		510		24,085
Onex Corp.		680		42,240

				66,325


Energy 2.0%
ARC Resources Ltd.		1,156		33,269
Baytex Energy Corp.		510		21,272
Bonavista Energy Corp.		1,530		22,798
Cameco Corp.		1,258		25,117
Canadian Natural Resources Ltd.		5,372		218,323
Canadian Oil Sands Ltd.		4,794		100,706
Cenovus Energy, Inc.		4,760		141,461
Crescent Point Energy Corp.		1,020		41,754
Enbridge, Inc.		2,346		111,332
Encana Corp.		14,314		332,853
Enerplus Corp.		2,550		57,958
Husky Energy, Inc.		2,550		85,881
Imperial Oil Ltd.		1,768		86,931
Pengrowth Energy Corp.		5,950		37,535
Penn West Petroleum Ltd.		8,704		80,719
Suncor Energy, Inc.		7,684		295,302
Talisman Energy, Inc.		10,710		110,468
TransCanada Corp.		3,400		158,062

				1,961,741


Food & Staples Retailing 0.3%
Alimentation Couche-Tard, Inc., B Shares		3,230		87,573
Empire Co., Ltd., A Shares		578		34,860
George Weston Ltd.		510		37,105
Loblaw Cos. Ltd.		2,030		85,436
Metro, Inc.		1,054		65,006

				309,980


Food, Beverage & Tobacco 0.0%
Saputo, Inc.		782		42,224


Insurance 0.5%
Fairfax Financial Holdings Ltd.		136		61,160
Great-West Lifeco, Inc.		1,088		29,107
Intact Financial Corp.		476		31,387
Manulife Financial Corp.		7,548		137,982
Power Corp. of Canada		2,958		79,490
Power Financial Corp.		1,428		42,938
Sun Life Financial, Inc.		2,584		87,335

				469,399


Materials 0.6%
Agrium, Inc.		782		70,116
Barrick Gold Corp.		7,990		129,506
First Quantum Minerals Ltd.		1,870		39,386
Goldcorp, Inc.		2,346		55,136
Kinross Gold Corp. *		7,378		27,722
Potash Corp. of Saskatchewan, Inc.		4,352		157,712
Teck Resources Ltd., Class B		3,910		87,033
Yamana Gold, Inc.		1,904		14,186

				580,797


Media 0.1%
Shaw Communications, Inc., B Shares		1,870		46,481


Pharmaceuticals, Biotechnology & Life Sciences 0.0%
Valeant Pharmaceuticals International, Inc. *		340		44,569

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Real Estate 0.1%
Brookfield Asset Management, Inc., Class A		3,060		131,322


Retailing 0.1%
Canadian Tire Corp. Ltd., Class A		510		49,124
RONA, Inc.		2,652		26,743

				75,867


Software & Services 0.0%
CGI Group, Inc., Class A *		1,190		40,439


Technology Hardware & Equipment 0.2%
BlackBerry Ltd. *		15,640		119,117
Celestica, Inc. *		3,162		37,419

				156,536


Telecommunication Services 0.3%
BCE, Inc.		2,652		121,726
Rogers Communications, Inc., B Shares		1,938		78,209
TELUS Corp.		1,539		58,039

				257,974


Transportation 0.2%
Canadian National Railway Co.		2,992		181,198
Canadian Pacific Railway Ltd.		306		51,142

				232,340


Utilities 0.1%
Canadian Utilities Ltd., Class A		782		28,267
Fortis, Inc.		986		29,548
TransAlta Corp.		2,924		35,006

				92,821

				6,164,904

Denmark 0.9%


Banks 0.1%
Danske Bank A/S		4,080		114,806


Capital Goods 0.1%
FLSmidth & Co. A/S		476		27,702
Vestas Wind Systems A/S *		1,611		86,244

				113,946


Food, Beverage & Tobacco 0.1%
Carlsberg A/S, B Shares		578		60,132


Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Novo Nordisk A/S, B Shares		4,930		208,941


Telecommunication Services 0.1%
TDC A/S		9,180		89,209


Transportation 0.3%
AP Moller - Maersk A/S, A Shares		45		111,320
AP Moller - Maersk A/S, B Shares		80		208,581
DSV A/S		918		30,615

				350,516

				937,550

Finland 1.3%


Capital Goods 0.1%
Kone Oyj, B Shares		816		33,627
Metso Oyj		1,190		46,311
Wartsila Oyj Abp		850		45,908

				125,846


Energy 0.1%
Neste Oil Oyj		2,142		43,901


Food & Staples Retailing 0.1%
Kesko Oyj, B Shares		1,904		84,386


Insurance 0.1%
Sampo Oyj, A Shares		1,598		80,637


Materials 0.2%
Stora Enso Oyj, R Shares		8,058		82,632
UPM-Kymmene Oyj		7,660		134,941

				217,573


Pharmaceuticals, Biotechnology & Life Sciences 0.0%
Orion Oyj, Class B		884		27,889


Technology Hardware & Equipment 0.6%
Nokia Oyj *		75,140		607,504


Telecommunication Services 0.0%
Elisa Oyj		1,292		38,504


Utilities 0.1%
Fortum Oyj		3,536		86,320

				1,312,560

France 11.7%


Automobiles & Components 0.4%
Peugeot S.A. *		12,546		177,702
Renault S.A.		2,006		189,037
Valeo S.A.		544		73,118

				439,857


Banks 1.0%
BNP Paribas S.A.		7,514		526,708
Credit Agricole S.A.		10,200		159,296
Societe Generale S.A.		5,168		298,053

				984,057


Capital Goods 1.8%
Airbus Group N.V.		1,224		87,870
Alstom S.A. *		2,244		88,800
Bouygues S.A.		3,706		172,217
Compagnie de Saint-Gobain		7,276		414,960
Eiffage S.A.		918		65,301
Legrand S.A.		1,054		66,785
Nexans S.A. *		544		32,187
Rexel S.A.		1,802		43,105
Safran S.A.		816		55,434
Schneider Electric S.A.		2,958		278,830
Thales S.A.		544		32,595
Vallourec S.A.		1,530		83,302
Vinci S.A.		4,420		327,500

				1,748,886


Consumer Durables & Apparel 0.4%
Christian Dior S.A.		272		56,973
Kering		408		90,247
LVMH Moet Hennessy Louis Vuitton S.A.		986		196,368

				343,588


Consumer Services 0.2%
Accor S.A.		1,802		95,443

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Sodexo		442		47,551

				142,994


Diversified Financials 0.0%
Wendel S.A.		170		25,703


Energy 2.3%
CGG S.A. *		2,040		27,558
Technip S.A.		510		54,825
Total S.A.		31,450		2,209,270

				2,291,653


Food & Staples Retailing 0.5%
Carrefour S.A.		9,928		361,305
Casino Guichard Perrachon S.A.		816		105,179
Rallye S.A.		850		44,347

				510,831


Food, Beverage & Tobacco 0.3%
Danone S.A.		2,720		202,763
Pernod-Ricard S.A.		782		95,984

				298,747


Health Care Equipment & Services 0.1%
Essilor International S.A.		544		57,203


Household & Personal Products 0.1%
L’Oreal S.A.		714		124,709


Insurance 0.4%
AXA S.A.		14,620		361,290
CNP Assurances		1,292		27,891
SCOR SE		1,088		38,021

				427,202


Materials 0.4%
Air Liquide S.A.		1,462		213,163
Arkema S.A.		510		52,201
Lafarge S.A.		1,904		164,642

				430,006


Media 0.1%
Eutelsat Communications S.A.		680		23,833
Publicis Groupe S.A.		476		41,102
Solocal Group *		8,500		9,975

				74,910


Pharmaceuticals, Biotechnology & Life Sciences 0.8%
Sanofi		7,038		753,315


Software & Services 0.1%
AtoS		272		24,459
Cap Gemini S.A.		1,224		89,089

				113,548


Technology Hardware & Equipment 0.1%
Alcatel-Lucent *		19,720		80,484


Telecommunication Services 1.6%
Orange S.A.		64,702		1,082,867
Vivendi S.A. *		17,748		465,955

				1,548,822


Transportation 0.1%
Air France-KLM *		8,772		133,883


Utilities 1.0%
Electricite de France		3,468		121,879
GDF Suez		21,080		589,245
Suez Environnement Co.		4,148		83,431
Veolia Environnement S.A.		11,356		217,252

				1,011,807

				11,542,205

Germany 9.0%


Automobiles & Components 1.3%
Bayerische Motoren Werke AG		2,312		290,530
Continental AG		476		112,660
Daimler AG - Reg’d		8,602		818,129
Volkswagen AG		170		44,829

				1,266,148


Banks 0.1%
Commerzbank AG *		4,080		64,832


Capital Goods 1.0%
Brenntag AG		340		63,584
GEA Group AG		884		38,064
Hochtief AG		306		27,872
Kloeckner & Co. SE *		2,550		42,956
MAN SE		306		38,260
MTU Aero Engines AG		272		25,380
Rheinmetall AG		408		27,987
Siemens AG - Reg’d		5,372		714,417

				978,520


Commercial & Professional Services 0.0%
Bilfinger SE		374		44,114


Consumer Durables & Apparel 0.1%
adidas AG		918		98,634


Consumer Services 0.0%
TUI AG		2,890		49,255


Diversified Financials 0.4%
Deutsche Bank AG - Reg’d		6,834		277,102
Deutsche Boerse AG		918		70,149

				347,251


Food & Staples Retailing 0.1%
Metro AG *		3,536		147,743


Health Care Equipment & Services 0.2%
Celesio AG		2,040		72,626
Fresenius Medical Care AG & Co. KGaA		1,020		67,644
Fresenius SE & Co. KGaA		680		101,558

				241,828


Household & Personal Products 0.1%
Beiersdorf AG		272		27,495
Henkel AG & Co. KGaA		408		41,416

				68,911


Insurance 0.8%
Allianz SE - Reg’d		3,162		536,750
Hannover Rueck SE		374		33,295
Muenchener Rueckversicherungs AG - Reg’d		1,156		256,488

				826,533


Materials 1.6%
Aurubis AG		782		42,640
BASF SE		7,480		862,172
HeidelbergCement AG		1,258		108,455
K+S AG		2,040		70,984

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
LANXESS AG		714		50,819
Linde AG		816		170,640
Salzgitter AG		1,156		49,460
ThyssenKrupp AG *		7,480		224,856

				1,580,026


Media 0.0%
Kabel Deutschland Holding AG		204		29,062


Pharmaceuticals, Biotechnology & Life Sciences 0.6%
Bayer AG - Reg’d		3,706		536,550
Merck KGaA		204		35,075

				571,625


Semiconductors & Semiconductor Equipment 0.1%
Infineon Technologies AG		5,440		67,543


Software & Services 0.2%
SAP AG		2,244		171,965


Telecommunication Services 0.8%
Deutsche Telekom AG - Reg’d		46,444		781,099
Freenet AG		1,020		31,706

				812,805


Transportation 0.4%
Deutsche Lufthansa AG - Reg’d		3,740		98,751
Deutsche Post AG - Reg’d		7,514		278,991

				377,742


Utilities 1.2%
E.ON SE		39,338		766,800
RWE AG		10,268		412,630

				1,179,430

				8,923,967

Hong Kong 1.0%


Banks 0.1%
Hang Seng Bank Ltd.		3,400		56,133


Capital Goods 0.2%
Hutchison Whampoa Ltd.		8,000		107,314
Jardine Matheson Holdings Ltd.		800		49,200
Jardine Strategic Holdings Ltd.		200		7,278
Noble Group Ltd.		102,000		112,687

				276,479


Consumer Durables & Apparel 0.1%
Li & Fung Ltd.		68,000		98,760


Diversified Financials 0.1%
Hong Kong Exchanges & Clearing Ltd.		3,400		63,282


Insurance 0.1%
AIA Group Ltd.		14,000		70,154


Real Estate 0.2%
Cheung Kong (Holdings) Ltd.		3,700		66,098
Sun Hung Kai Properties Ltd.		500		6,836
Swire Pacific Ltd., Class A		3,300		39,223
The Link REIT		17,000		90,559
Wharf Holdings Ltd.		800		5,665

				208,381


Retailing 0.1%
Esprit Holdings Ltd.		44,200		65,220


Telecommunication Services 0.0%
PCCW Ltd.		36,000		19,688


Utilities 0.1%
CLP Holdings Ltd.		5,000		41,146
Hong Kong & China Gas Co., Ltd.		34,000		82,183
Power Assets Holdings Ltd.		400		3,482

				126,811

				984,908

Ireland 0.7%


Banks 0.1%
Bank of Ireland *		186,218		71,657


Capital Goods 0.1%
DCC plc		782		46,040


Commercial & Professional Services 0.0%
Experian plc		2,448		42,581


Food, Beverage & Tobacco 0.0%
Kerry Group plc, A Shares		544		41,458


Materials 0.3%
CRH plc		8,331		228,271
Smurfit Kappa Group plc		2,108		50,914

				279,185


Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Shire plc		782		44,781


Technology Hardware & Equipment 0.1%
Seagate Technology plc		2,210		118,743

				644,445

Israel 0.3%


Banks 0.0%
Bank Leumi Le-Israel *		7,446		29,437


Materials 0.0%
Israel Chemicals Ltd.		3,842		33,796


Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Teva Pharmaceutical Industries Ltd.		4,216		211,346


Telecommunication Services 0.1%
Bezeq The Israeli Telecommunication Corp., Ltd.		31,926		57,270

				331,849

Italy 4.8%


Automobiles & Components 0.2%
Fiat S.p.A. *		17,034		178,163
Pirelli & C. S.p.A.		1,870		31,565

				209,728


Banks 1.5%
Banca Monte dei Paschi di Siena S.p.A. *		3,638		123,411
Banca Popolare dell’Emilia Romagna SC *		3,468		38,804
Banca Popolare di Milano Scarl *		32,640		29,841
Banco Popolare SC *		3,366		64,992
Intesa Sanpaolo S.p.A.		155,618		521,953
Intesa Sanpaolo S.p.A. - RSP		10,098		28,826
UniCredit S.p.A.		66,708		582,114

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Unione di Banche Italiane S.C.p.A.		9,656		89,005

				1,478,946


Capital Goods 0.2%
CNH Industrial N.V.		6,257		68,560
Finmeccanica S.p.A. *		9,520		78,203
Prysmian S.p.A.		1,258		29,234

				175,997


Diversified Financials 0.1%
Exor S.p.A.		1,088		46,766
Mediobanca S.p.A. *		4,760		47,740

				94,506


Energy 1.1%
Eni S.p.A.		41,446		1,057,016
Saipem S.p.A. *		2,448		63,869

				1,120,885


Insurance 0.1%
Assicurazioni Generali S.p.A.		7,038		159,518


Materials 0.0%
Italcementi S.p.A.		3,400		38,600


Media 0.1%
Mediaset S.p.A. *		12,546		62,007


Telecommunication Services 0.6%
Telecom Italia S.p.A. *		310,624		386,139
Telecom Italia S.p.A. - RSP		185,776		177,577

				563,716


Transportation 0.1%
Atlantia S.p.A.		2,108		58,623


Utilities 0.8%
A2A S.p.A.		23,800		28,547
Enel S.p.A.		121,788		690,004
Snam S.p.A.		8,262		48,545
Terna-Rete Elettrica Nazionale S.p.A.		6,392		33,964

				801,060

				4,763,586

Japan 18.1%


Automobiles & Components 2.2%
Aisin Seiki Co., Ltd.		1,100		39,948
Bridgestone Corp.		4,000		144,518
Daihatsu Motor Co., Ltd.		3,400		58,647
Denso Corp.		3,400		155,823
Fuji Heavy Industries Ltd.		3,400		90,058
Honda Motor Co., Ltd.		13,600		476,257
Isuzu Motors Ltd.		4,200		25,635
Mazda Motor Corp.		6,000		25,947
NHK Spring Co., Ltd.		3,400		31,546
Nissan Motor Co., Ltd.		23,800		214,971
Stanley Electric Co., Ltd.		200		4,753
Suzuki Motor Corp.		3,400		101,086
Toyota Industries Corp.		400		18,596
Toyota Motor Corp.		13,600		770,058
Yamaha Motor Co., Ltd.		3,400		53,467

				2,211,310


Banks 0.9%
Mitsubishi UFJ Financial Group, Inc.		57,800		325,514
Mizuho Financial Group, Inc.		88,400		172,030
Resona Holdings, Inc.		10,200		53,333
Sumitomo Mitsui Financial Group, Inc.		6,800		274,353
Sumitomo Mitsui Trust Holdings, Inc.		2,000		8,079
The Bank of Yokohama Ltd.		2,000		11,145

				844,454


Capital Goods 2.8%
Asahi Glass Co., Ltd.		18,000		100,133
Daikin Industries Ltd.		700		41,727
FANUC Corp.		400		68,092
Fujikura Ltd.		2,000		8,787
Furukawa Electric Co., Ltd.		5,000		10,320
Hanwa Co., Ltd.		2,000		7,981
IHI Corp.		6,000		25,181
ITOCHU Corp.		13,600		160,802
JGC Corp.		1,000		28,738
JTEKT Corp.		3,400		51,830
Kajima Corp.		3,000		12,443
Kawasaki Heavy Industries Ltd.		8,000		30,114
Komatsu Ltd.		6,800		148,170
Kubota Corp.		3,000		40,985
LIXIL Group Corp.		3,400		88,053
Makita Corp.		200		10,910
Marubeni Corp.		10,000		68,210
Mitsubishi Corp.		17,000		335,672
Mitsubishi Electric Corp.		16,000		185,719
Mitsubishi Heavy Industries Ltd.		34,000		198,162
Mitsui & Co., Ltd.		17,000		257,644
Mitsui Engineering & Shipbuilding Co., Ltd.		4,000		7,745
Nagase & Co., Ltd.		3,400		41,036
Nidec Corp.		600		34,905
Nippon Sheet Glass Co., Ltd. *		34,000		40,769
NSK Ltd.		1,000		12,089
Obayashi Corp.		2,000		13,406
Shimizu Corp.		3,000		19,873
SMC Corp.		100		26,144
Sojitz Corp.		47,600		75,789
Sumitomo Corp.		13,600		178,045
Sumitomo Electric Industries Ltd.		10,200		137,143
Sumitomo Heavy Industries Ltd.		2,000		8,885
Taisei Corp.		8,000		41,201
Toshiba Corp.		34,000		139,348
Toyota Tsusho Corp.		3,400		90,058

				2,746,109


Commercial & Professional Services 0.3%
Dai Nippon Printing Co., Ltd.		8,600		86,216
Secom Co., Ltd.		1,700		103,526
Toppan Printing Co., Ltd.		8,000		59,285

				249,027


Consumer Durables & Apparel 0.8%
Namco Bandai Holdings, Inc.		3,400		74,119
Nikon Corp.		1,000		15,844
Panasonic Corp.		31,500		338,390
Sega Sammy Holdings, Inc.		500		9,602
Sekisui Chemical Co., Ltd.		2,000		21,642
Sekisui House Ltd.		3,900		51,325
Sharp Corp. *		34,000		96,241
Shimano, Inc.		100		10,320
Sony Corp.		10,600		169,504

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Yamaha Corp.		3,400		52,966

				839,953


Consumer Services 0.0%
Benesse Holdings, Inc.		700		29,343
Oriental Land Co., Ltd.		100		16,659

				46,002


Diversified Financials 0.1%
Credit Saison Co., Ltd.		200		3,599
Nomura Holdings, Inc.		6,800		44,712
ORIX Corp.		3,600		57,107

				105,418


Energy 0.7%
Cosmo Oil Co., Ltd.		10,000		19,165
Idemitsu Kosan Co., Ltd.		3,400		70,610
Inpex Corp.		10,800		155,825
JX Holdings, Inc.		61,200		318,797
Showa Shell Sekiyu K.K.		3,600		38,850
TonenGeneral Sekiyu K.K.		8,000		76,741

				679,988


Food & Staples Retailing 0.5%
Aeon Co., Ltd.		13,600		164,010
Lawson, Inc.		100		7,184
Seven & i Holdings Co., Ltd.		6,800		271,880
UNY Group Holdings Co., Ltd.		3,400		21,487

				464,561


Food, Beverage & Tobacco 0.6%
Ajinomoto Co., Inc.		2,500		39,068
Asahi Group Holdings Ltd.		3,400		95,873
Coca-Cola West Co., Ltd.		600		10,013
Japan Tobacco, Inc.		6,800		230,176
Kirin Holdings Co., Ltd.		3,800		53,744
MEIJI Holdings Co., Ltd.		600		37,800
Nippon Meat Packers, Inc.		1,300		25,299
Nisshin Seifun Group, Inc.		3,400		39,499
Toyo Suisan Kaisha Ltd.		200		6,084
Yamazaki Baking Co., Ltd.		3,000		35,412

				572,968


Health Care Equipment & Services 0.2%
Alfresa Holdings Corp.		500		30,223
Medipal Holdings Corp.		6,800		95,572
Olympus Corp. *		200		6,438
Suzuken Co., Ltd.		600		21,229
Terumo Corp.		400		8,484

				161,946


Household & Personal Products 0.2%
Kao Corp.		3,400		134,436
Shiseido Co., Ltd.		3,400		57,176

				191,612


Insurance 0.2%
MS&AD Insurance Group Holdings, Inc.		600		14,212
NKSJ Holdings, Inc.		1,000		27,795
T&D Holdings, Inc.		3,400		44,277
The Dai-ichi Life Insurance Co., Ltd.		3,400		50,393
Tokio Marine Holdings, Inc.		3,400		107,469

				244,146


Materials 1.4%
Asahi Kasei Corp.		6,000		44,818
Denki Kagaku Kogyo K.K.		2,000		7,253
DIC Corp.		3,000		8,020
JFE Holdings, Inc.		6,800		129,056
JSR Corp.		3,400		57,109
Kaneka Corp.		2,000		12,482
Kobe Steel Ltd.		39,000		54,047
Kuraray Co. Ltd.		3,400		40,802
Mitsubishi Chemical Holdings Corp.		17,000		70,343
Mitsubishi Materials Corp.		4,000		12,227
Mitsui Chemicals, Inc.		34,000		84,545
Mitsui Mining & Smelting Co., Ltd.		3,000		7,312
Nippon Steel & Sumitomo Metal Corp.		68,000		191,813
Nitto Denko Corp.		400		18,454
Oji Holdings Corp.		13,000		54,813
Shin-Etsu Chemical Co., Ltd.		3,400		202,139
Showa Denko K.K.		34,000		43,442
Sumitomo Chemical Co., Ltd.		34,000		125,982
Sumitomo Metal Mining Co., Ltd.		2,000		30,252
Taiheiyo Cement Corp.		2,000		7,548
Teijin Ltd.		34,000		77,193
Toray Industries, Inc.		10,000		63,689
Tosoh Corp.		2,000		9,514
Toyo Seikan Group Holdings Ltd.		3,400		50,058
Ube Industries Ltd.		9,000		14,772

				1,417,683


Media 0.2%
Dentsu, Inc.		3,400		134,169
Hakuhodo DY Holdings, Inc.		6,800		61,554

				195,723


Pharmaceuticals, Biotechnology & Life Sciences 0.7%
Astellas Pharma, Inc.		17,000		217,878
Daiichi Sankyo Co., Ltd.		4,100		69,472
Eisai Co., Ltd.		600		24,561
Ono Pharmaceutical Co., Ltd.		300		22,999
Otsuka Holdings Co., Ltd.		3,400		96,007
Shionogi & Co., Ltd.		500		10,020
Taisho Pharmaceutical Holdings Co., Ltd.		100		7,214
Takeda Pharmaceutical Co., Ltd.		5,000		226,399

				674,550


Real Estate 0.3%
Daito Trust Construction Co., Ltd.		400		43,344
Daiwa House Industry Co., Ltd.		2,000		37,446
Mitsubishi Estate Co., Ltd.		2,800		68,001
Mitsui Fudosan Co., Ltd.		1,800		56,984
Sumitomo Realty & Development Co., Ltd.		1,300		55,823

				261,598


Retailing 0.4%
EDION Corp.		13,600		92,498
Fast Retailing Co., Ltd.		100		33,014
Isetan Mitsukoshi Holdings Ltd.		3,400		44,478
J Front Retailing Co., Ltd.		2,000		14,369
K’s Holdings Corp.		200		5,760
Shimamura Co., Ltd.		100		9,661
Takashimaya Co., Ltd.		1,000		9,819
Yamada Denki Co., Ltd.		40,800		150,376

				359,975

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Semiconductors & Semiconductor Equipment 0.1%
Rohm Co., Ltd.		860		49,025
Tokyo Electron Ltd.		860		51,670

				100,695


Software & Services 0.5%
Fujitsu Ltd.		37,000		250,558
Konami Corp.		1,820		41,196
Nintendo Co., Ltd.		1,500		173,522
NTT Data Corp.		1,300		47,275

				512,551


Technology Hardware & Equipment 1.8%
Brother Industries Ltd.		3,400		53,835
Canon, Inc.		10,500		344,479
FUJIFILM Holdings Corp.		6,800		175,639
Hitachi Ltd.		43,000		289,076
Hoya Corp.		3,400		105,297
Ibiden Co., Ltd.		3,400		62,122
Keyence Corp.		100		38,867
Konica Minolta, Inc.		3,500		30,134
Kyocera Corp.		3,400		151,278
Murata Manufacturing Co., Ltd.		500		42,376
NEC Corp.		68,000		209,858
Nippon Electric Glass Co., Ltd.		2,000		10,005
Omron Corp.		500		18,772
Ricoh Co., Ltd.		8,100		99,115
Seiko Epson Corp.		3,400		118,129
TDK Corp.		700		29,893

				1,778,875


Telecommunication Services 1.2%
KDDI Corp.		4,500		267,713
Nippon Telegraph & Telephone Corp.		7,300		433,501
NTT DOCOMO, Inc.		17,000		282,373
SoftBank Corp.		3,400		245,447

				1,229,034


Transportation 0.9%
ANA Holdings, Inc.		1,000		2,182
Central Japan Railway Co.		760		100,691
East Japan Railway Co.		2,400		183,164
Hankyu Hanshin Holdings, Inc.		2,000		11,106
Kawasaki Kisen Kaisha Ltd.		34,000		71,178
Kintetsu Corp.		2,000		7,017
Mitsui OSK Lines Ltd.		34,000		121,972
Nagoya Railroad Co., Ltd.		3,000		10,585
Nippon Express Co., Ltd.		34,000		166,750
Nippon Yusen K.K.		34,000		100,251
Seino Holdings Co., Ltd.		1,000		10,939
Tobu Railway Co., Ltd.		1,000		4,973
Tokyu Corp.		1,000		6,821
West Japan Railway Co.		1,500		63,792
Yamato Holdings Co., Ltd.		3,400		72,381

				933,802


Utilities 1.1%
Chubu Electric Power Co., Inc. *		13,600		163,475
Electric Power Development Co., Ltd.		200		5,936
Hokkaido Electric Power Co., Inc. *		3,400		24,963
Hokuriku Electric Power Co.		3,400		43,709
Kyushu Electric Power Co., Inc. *		6,800		74,854
Osaka Gas Co., Ltd.		34,000		135,338
Shikoku Electric Power Co., Inc. *		3,400		43,776
The Chugoku Electric Power Co., Inc.		3,400		45,180
The Kansai Electric Power Co., Inc. *		13,600		125,514
Toho Gas Co., Ltd.		2,000		10,025
Tohoku Electric Power Co., Inc.		7,600		80,747
Tokyo Electric Power Co., Inc. *		58,700		238,273
Tokyo Gas Co., Ltd.		17,000		96,241

				1,088,031

				17,910,011

Luxembourg 0.6%


Energy 0.1%
Tenaris S.A.		2,550		57,135


Materials 0.4%
APERAM *		1,632		53,291
ArcelorMittal		26,860		410,500

				463,791


Media 0.1%
SES S.A.		1,394		50,693


Telecommunication Services 0.0%
Millicom International Cellular S.A.		442		40,894

				612,513

Netherlands 6.0%


Capital Goods 0.3%
Koninklijke BAM Groep N.V.		5,440		28,453
Koninklijke Philips N.V.		7,344		232,193
Royal Imtech N.V. *		5,134		8,035

				268,681


Commercial & Professional Services 0.1%
Randstad Holding N.V.		884		51,483


Diversified Financials 0.3%
ING Groep N.V. CVA *		24,548		344,182


Energy 3.5%
Fugro N.V. CVA		544		31,418
Royal Dutch Shell plc, A Shares		51,714		2,035,487
Royal Dutch Shell plc, B Shares		34,340		1,402,566

				3,469,471


Food & Staples Retailing 0.3%
Koninklijke Ahold N.V.		14,088		256,253


Food, Beverage & Tobacco 0.5%
Corbion N.V.		1,054		23,515
Heineken Holding N.V.		680		44,919
Heineken N.V.		884		62,376
Nutreco N.V.		544		24,007
Unilever N.V. CVA		7,310		316,802

				471,619


Insurance 0.2%
Aegon N.V.		15,912		138,180
Delta Lloyd N.V.		2,074		50,418

				188,598


Materials 0.3%
Akzo Nobel N.V.		2,584		193,859
Koninklijke DSM N.V.		1,326		95,717

				289,576

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Media 0.1%
Reed Elsevier N.V.		1,666		37,340
Wolters Kluwer N.V.		1,938		58,073

				95,413


Semiconductors & Semiconductor Equipment 0.0%
ASML Holding N.V.		510		43,815


Software & Services 0.0%
Gemalto N.V.		170		18,477


Telecommunication Services 0.2%
Koninklijke KPN N.V. *		64,362		238,094


Transportation 0.2%
PostNL N.V. *		28,492		139,808
TNT Express N.V.		4,148		37,108

				176,916

				5,912,578

New Zealand 0.1%


Materials 0.0%
Fletcher Building Ltd.		4,998		37,982


Telecommunication Services 0.1%
Telecom Corp. of New Zealand Ltd.		31,927		72,924

				110,906

Norway 1.0%


Banks 0.1%
DNB A.S.A.		4,386		82,456


Energy 0.5%
Aker Solutions A.S.A.		1,228		21,585
Petroleum Geo-Services A.S.A.		1,606		17,341
Statoil A.S.A.		15,810		484,874

				523,800


Food, Beverage & Tobacco 0.1%
Marine Harvest A.S.A.		2,388		28,703
Orkla A.S.A.		7,820		69,252

				97,955


Materials 0.2%
Norsk Hydro A.S.A.		13,294		72,329
Yara International A.S.A.		1,404		64,165

				136,494


Telecommunication Services 0.1%
Telenor A.S.A.		5,100		120,979

				961,684

Portugal 0.3%


Banks 0.1%
Banco Comercial Portugues S.A. - Reg’d *		225,292		58,933
Banco Espirito Santo S.A. - Reg’d *		19,244		26,128

				85,061


Energy 0.0%
Galp Energia, SGPS, S.A.		1,734		30,760


Telecommunication Services 0.1%
Portugal Telecom, SGPS, S.A. - Reg’d		21,250		76,435


Utilities 0.1%
EDP - Energias de Portugal S.A.		24,412		115,591

				307,847

Singapore 0.7%


Banks 0.2%
DBS Group Holdings Ltd.		4,600		62,011
Oversea-Chinese Banking Corp., Ltd.		5,800		45,108
United Overseas Bank Ltd.		3,600		64,812

				171,931


Capital Goods 0.1%
Keppel Corp., Ltd.		9,500		80,553
Sembcorp Industries Ltd.		10,000		43,154

				123,707


Food, Beverage & Tobacco 0.1%
Wilmar International Ltd.		34,000		87,058


Media 0.0%
Singapore Press Holdings Ltd.		3,800		12,428


Retailing 0.0%
Jardine Cycle & Carriage Ltd.		400		13,905


Technology Hardware & Equipment 0.1%
Flextronics International Ltd. *		9,656		98,201
Venture Corp., Ltd.		1,400		8,141

				106,342


Telecommunication Services 0.1%
Singapore Telecommunications Ltd.		34,000		105,771


Transportation 0.1%
ComfortDelGro Corp., Ltd.		34,000		63,192
Singapore Airlines Ltd.		4,600		38,197

				101,389

				722,531

Spain 4.8%


Banks 2.2%
Banco Bilbao Vizcaya Argentaria S.A.		46,002		590,308
Banco de Sabadell S.A.		23,155		76,589
Banco Popular Espanol S.A.		13,499		95,434
Banco Santander S.A.		136,000		1,396,296
Bankia S.A. *		24,626		50,103

				2,208,730


Capital Goods 0.2%
ACS, Actividades de Construccion y Servicios S.A.		2,380		105,856
Ferrovial S.A.		2,550		55,256
Fomento de Construcciones y Contratas S.A. *		1,792		38,611

				199,723


Energy 0.4%
Repsol S.A.		14,450		407,467


Food & Staples Retailing 0.0%
Distribuidora Internacional de Alimentacion S.A.		3,070		28,390


Retailing 0.1%
Inditex S.A.		544		79,057

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Software & Services 0.0%
Amadeus IT Holding S.A., A Shares		952		41,868


Telecommunication Services 1.2%
Telefonica S.A.		68,000		1,142,238


Transportation 0.1%
Abertis Infraestructuras S.A.		1,996		43,783


Utilities 0.6%
Acciona S.A.		519		41,890
Enagas S.A.		918		27,045
Endesa S.A.		1,360		51,934
Gas Natural SDG S.A.		2,890		83,387
Iberdrola S.A.		46,750		336,762
Red Electrica Corp. S.A.		476		40,881

				581,899

				4,733,155

Sweden 2.3%


Automobiles & Components 0.1%
Autoliv, Inc.		693		73,458


Banks 0.5%
Nordea Bank AB		11,118		164,281
Skandinaviska Enskilda Banken AB, A Shares		7,310		99,423
Svenska Handelsbanken AB, A Shares		2,278		115,985
Swedbank AB, A Shares		2,584		68,858

				448,547


Capital Goods 0.7%
Alfa Laval AB		1,258		33,015
Assa Abloy AB, B Shares		1,054		53,318
Atlas Copco AB, A Shares		3,298		96,871
Atlas Copco AB, B Shares		1,564		43,199
NCC AB, B Shares		1,088		38,179
Sandvik AB		6,597		94,120
Skanska AB, B Shares		3,910		90,730
SKF AB, B Shares		2,550		65,471
Trelleborg AB, B Shares		1,263		27,606
Volvo AB, A Shares		2,550		37,526
Volvo AB, B Shares		9,093		132,453

				712,488


Commercial & Professional Services 0.1%
Securitas AB, B Shares		3,842		44,432


Consumer Durables & Apparel 0.1%
Electrolux AB, Series B		2,176		54,761
Husqvarna AB, B Shares		4,182		32,838

				87,599


Food, Beverage & Tobacco 0.0%
Swedish Match AB		1,033		36,157


Health Care Equipment & Services 0.0%
Getinge AB, B Shares		918		23,638


Household & Personal Products 0.1%
Svenska Cellulosa AB SCA, B Shares		4,386		122,262


Materials 0.1%
Boliden AB		3,073		42,785
SSAB AB, A Shares *		4,626		44,392
SSAB AB, B Shares *		2,550		21,397

				108,574


Retailing 0.2%
Hennes & Mauritz AB, B Shares		3,502		148,265


Technology Hardware & Equipment 0.2%
Telefonaktiebolaget LM Ericsson, B Shares		19,210		241,143


Telecommunication Services 0.2%
Tele2 AB		5,486		65,005
TeliaSonera AB		16,627		123,389

				188,394

				2,234,957

Switzerland 5.8%


Capital Goods 0.5%
ABB Ltd. - Reg’d *		11,662		277,477
Geberit AG - Reg’d		136		45,108
Schindler Holding AG		146		22,587
Schindler Holding AG - Reg’d		34		5,203
Wolseley plc		2,119		118,181

				468,556


Commercial & Professional Services 0.3%
Adecco S.A. - Reg’d *		1,394		116,563
SGS S.A. - Reg’d		19		47,715
Tyco International Ltd.		4,318		188,438

				352,716


Consumer Durables & Apparel 0.2%
Cie Financiere Richemont S.A. - Reg’d		986		104,065
The Swatch Group AG		68		40,201
The Swatch Group AG - Reg’d		102		11,211

				155,477


Diversified Financials 0.2%
Credit Suisse Group AG - Reg’d *		6,120		182,241
GAM Holding AG *		1,530		28,240
UBS AG - Reg’d *		1,258		25,302

				235,783


Energy 0.3%
Noble Corp. plc		1,530		48,134
Transocean Ltd. *		2,720		114,922
Weatherford International Ltd. *		4,760		103,244

				266,300


Food, Beverage & Tobacco 1.2%
Aryzta AG *		442		41,285
Lindt & Spruengli AG		3		14,893
Nestle S.A. - Reg’d		14,586		1,146,224

				1,202,402


Insurance 0.6%
Baloise Holding AG - Reg’d		272		32,709
Swiss Life Holding AG - Reg’d *		204		49,132
Swiss Re AG *		1,632		145,409
Zurich Insurance Group AG *		1,122		337,246

				564,496


Materials 0.7%
Clariant AG - Reg’d *		1,802		37,292
Givaudan S.A. - Reg’d *		34		55,833
Glencore plc *		47,600		258,169
Holcim Ltd. - Reg’d *		1,635		143,665
Sika AG		10		39,700

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Syngenta AG - Reg’d		306		117,923

				652,582


Media 0.0%
Informa plc		2,520		21,790


Pharmaceuticals, Biotechnology & Life Sciences 1.5%
Lonza Group AG - Reg’d *		340		36,607
Novartis AG - Reg’d		9,248		830,711
Roche Holding AG		2,006		591,287
Roche Holding AG, Bearer Shares		102		29,866

				1,488,471


Semiconductors & Semiconductor Equipment 0.1%
STMicroelectronics N.V.		7,990		80,135


Technology Hardware & Equipment 0.1%
TE Connectivity Ltd.		2,142		127,363


Telecommunication Services 0.1%
Swisscom AG - Reg’d		136		81,163


Transportation 0.0%
Kuehne & Nagel International AG - Reg’d		306		41,795

				5,739,029

United Kingdom 17.0%


Automobiles & Components 0.1%
GKN plc		6,936		45,676


Banks 2.3%
Barclays plc		115,600		478,937
HSBC Holdings plc		120,802		1,274,932
Lloyds Banking Group plc *		183,532		239,690
Royal Bank of Scotland Group plc *		16,595		96,478
Standard Chartered plc		8,874		199,829

				2,289,866


Capital Goods 0.7%
BAE Systems plc		26,894		190,863
Balfour Beatty plc		9,226		36,537
Bunzl plc		1,666		46,723
Carillion plc		4,862		28,886
Cobham plc		5,950		31,827
Foster Wheeler AG		1,020		34,537
IMI plc		1,206		32,305
Meggitt plc		3,060		24,868
Rolls-Royce Holdings plc *		6,664		116,250
SIG plc		8,160		26,964
Smiths Group plc		1,972		43,695
The Weir Group plc		510		22,413
Travis Perkins plc		1,360		38,393
Vesuvius plc		3,910		30,051

				704,312


Commercial & Professional Services 0.2%
Aggreko plc		970		27,123
Capita plc		2,108		39,142
G4S plc		13,301		55,776
Hays plc		14,416		36,561
Serco Group plc		3,134		19,534

				178,136


Consumer Durables & Apparel 0.1%
Barratt Developments plc		6,261		37,513
Burberry Group plc		1,156		29,725
Persimmon plc *		1,530		34,338
Taylor Wimpey plc		16,186		29,403

				130,979


Consumer Services 0.5%
Carnival plc		1,583		64,390
Compass Group plc		9,860		164,642
InterContinental Hotels Group plc		816		32,233
Ladbrokes plc		5,712		14,621
Thomas Cook Group plc *		18,632		51,254
TUI Travel plc		7,650		52,648
Whitbread plc		714		50,133
William Hill plc		3,570		21,294

				451,215


Diversified Financials 0.1%
ICAP plc		3,706		24,840
Man Group plc		42,602		71,673

				96,513


Energy 2.9%
AMEC plc		2,380		48,224
BG Group plc		17,000		348,168
BP plc		285,600		2,409,629
Ensco plc, Class A		714		37,599
John Wood Group plc		2,210		29,174
Tullow Oil plc		1,396		19,740

				2,892,534


Food & Staples Retailing 0.8%
J Sainsbury plc		23,732		137,772
Tesco plc		96,220		489,914
William Morrison Supermarkets plc		44,438		150,343

				778,029


Food, Beverage & Tobacco 1.5%
Associated British Foods plc		1,700		86,058
British American Tobacco plc		8,500		513,341
Diageo plc		7,310		235,297
Imperial Tobacco Group plc		5,245		236,835
SABMiller plc		2,584		143,508
Tate & Lyle plc		3,910		45,417
Unilever plc		5,338		239,959

				1,500,415


Health Care Equipment & Services 0.1%
Smith & Nephew plc		4,284		75,163


Household & Personal Products 0.2%
Reckitt Benckiser Group plc		2,040		174,512


Insurance 0.8%
Amlin plc		3,502		27,608
Aviva plc		27,234		239,368
Friends Life Group Ltd.		11,730		61,643
Legal & General Group plc		17,680		68,267
Old Mutual plc		28,832		97,690
Prudential plc		5,950		138,276
RSA Insurance Group plc		7,440		59,877
Standard Life plc		8,194		54,977
Willis Group Holdings plc		714		29,945

				777,651


Materials 1.6%
Anglo American plc		19,822		484,596

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Antofagasta plc		2,720		35,974
BHP Billiton plc		11,458		359,013
Johnson Matthey plc		1,768		95,254
Kazakhmys plc *		7,140		33,114
Mondi plc		2,754		49,474
Rexam plc		6,893		61,452
Rio Tinto plc		8,194		420,161
Vedanta Resources plc		2,040		37,640

				1,576,678


Media 0.3%
British Sky Broadcasting Group plc		4,153		61,475
ITV plc		6,800		20,770
Pearson plc		4,998		98,170
Reed Elsevier plc		2,788		44,473
WPP plc		4,832		104,311

				329,199


Pharmaceuticals, Biotechnology & Life Sciences 1.8%
AstraZeneca plc		12,104		869,664
GlaxoSmithKline plc		32,708		878,354

				1,748,018


Real Estate 0.1%
British Land Co. plc		2,856		34,252
Land Securities Group plc		3,162		56,645

				90,897


Retailing 0.5%
Dixons Retail plc *		36,176		29,430
Home Retail Group plc		28,186		89,071
Inchcape plc		4,930		51,435
Kingfisher plc		20,094		132,123
Marks & Spencer Group plc		17,272		130,139
Next plc		782		87,096

				519,294


Software & Services 0.0%
The Sage Group plc		5,372		36,926


Telecommunication Services 1.3%
BT Group plc		56,406		375,612
Cable & Wireless Communications plc		53,482		47,545
Inmarsat plc		1,870		22,945
Vodafone Group plc		244,664		859,762

				1,305,864


Transportation 0.1%
Firstgroup plc *		24,650		57,927
International Consolidated Airlines Group S.A. *		4,556		30,079
National Express Group plc		5,984		27,823

				115,829


Utilities 1.0%
Centrica plc		40,634		228,737
Drax Group plc		3,400		35,872
National Grid plc		22,712		339,054
Pennon Group plc		2,244		29,510
Severn Trent plc		1,530		50,506
SSE plc		8,500		221,846
United Utilities Group plc		5,440		79,203

				984,728

				16,802,434

Total Common Stock
(Cost $93,362,432)				97,904,648




Other Investment Companies 0.1% of net assets

United States 0.1%


Equity Fund 0.1%
iShares MSCI EAFE ETF		700		48,587


Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (c)		26,404		26,404

Total Other Investment Companies
(Cost $71,555)				74,991




Preferred Stock 0.4% of net assets

Germany 0.4%


Automobiles & Components 0.3%
Bayerische Motoren Werke AG		374		36,112
Volkswagen AG		1,088		289,503

				325,615


Household & Personal Products 0.1%
Henkel AG & Co. KGaA		646		74,689


Utilities 0.0%
RWE AG		816		25,337

				425,641

United Kingdom 0.0%


Capital Goods 0.0%
Rolls-Royce Holdings plc *(a)(b)		761,656		1,278

Total Preferred Stock
(Cost $409,578)				426,919



End of Investments.

At 05/31/14, the tax basis cost of the fund’s investments was $93,845,151 and the unrealized appreciation and depreciation were $6,200,789 and ($1,639,382), respectively, with a net unrealized appreciation of $4,561,407.


*		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 $1,278 or 0.0% of net assets.
(c)		The rate shown is the 7-day yield.

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


CVA —		Dutch Certificate
ETF —		Exchange Traded Fund
Reg’d —		Registered
REIT —		Real Estate Investment Trust
RSP —		Risparmio (Convertible Savings Shares)

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 funds 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 and ETFs.

Schwab Fundamental International Large Company Index ETF

Portfolio Holdings (Unaudited) continued


		Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, 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.


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

Common Stock¹		$97,904,648		$—		$—		$97,904,648
Other Investment Companies¹		74,991		—		—		74,991
Preferred Stock¹		425,641		—		—		425,641
United Kingdom¹		—		—		1,278		1,278

Total		$98,405,280		$—		$1,278		$98,406,558


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

as of

February 28,

Gains

Appreciation

Gross

Transfers

May 31,

Investments in Securities

2014

(Losses)

(Depreciation)

Purchases

Sales

out

2014

Preferred Stock

United Kingdom

$—

$1,278

$—

$1,278

Total

$—

$1,278

$—

$1,278

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, 2014.

REG79046MAY14

Schwab Strategic Trust
Schwab Fundamental International Small Company Index ETF

Portfolio Holdings as of May 31, 2014 (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	.0%	Common Stock		34,722,215		36,319,057
	0	.2%	Other Investment Companies		54,108		55,913
	0	.4%	Preferred Stock		143,470		152,315
	0	.0%	Rights		8,482		11,108


	99	.6%	Total Investments		34,928,275		36,538,393
	0	.4%	Other Assets and Liabilities, Net				150,403


	100	.0%	Net Assets				36,688,796


	Number		Value
Security	of Shares		($)

Common Stock 99.0% of net assets

Australia 5.5%


Banks 0.2%
Bank of Queensland Ltd.		3,068		34,265
Bendigo & Adelaide Bank Ltd.		4,329		47,260

				81,525


Capital Goods 0.3%
Ausdrill Ltd.		13,382		12,143
Boart Longyear Ltd. *		114,309		20,214
Bradken Ltd.		5,151		17,115
Cardno Ltd.		2,340		14,047
GWA Group Ltd.		8,840		21,391
Monadelphous Group Ltd.		1,515		25,013

				109,923


Commercial & Professional Services 0.4%
ALS Ltd.		4,433		36,926
Programmed Maintenance Services Ltd.		6,396		17,322
Seek Ltd.		1,066		16,797
Skilled Group Ltd.		6,773		17,020
Transfield Services Ltd. *		39,338		42,287
Transpacific Industries Group Ltd. *		26,367		27,484

				157,836


Consumer Durables & Apparel 0.0%
G.U.D. Holdings Ltd.		2,457		12,142


Consumer Services 0.2%
Aristocrat Leisure Ltd.		4,264		21,073
Echo Entertainment Group Ltd.		10,985		29,035
Flight Centre Travel Group Ltd.		377		17,467

				67,575


Diversified Financials 0.3%
ASX Ltd.		1,235		41,356
Challenger Ltd.		4,628		30,582
IOOF Holdings Ltd.		1,638		12,943
Perpetual Ltd.		559		24,483

				109,364


Energy 0.1%
AWE Ltd. *		15,121		24,980
Beach Energy Ltd.		15,148		23,332

				48,312


Food, Beverage & Tobacco 0.3%
Goodman Fielder Ltd.		82,836		52,425
GrainCorp Ltd.		2,496		20,466
Treasury Wine Estates Ltd.		10,933		52,912

				125,803


Health Care Equipment & Services 0.5%
Ansell Ltd.		1,755		31,443
Cochlear Ltd.		494		27,526
Primary Health Care Ltd.		7,098		29,529
Ramsay Health Care Ltd.		767		33,801
Sigma Pharmaceuticals Ltd.		82,927		54,798

				177,097


Insurance 0.1%
NIB Holdings Ltd.		8,372		24,466


Materials 0.6%
Adelaide Brighton Ltd.		7,839		24,587
Aquarius Platinum Ltd. *		47,645		20,176
DuluxGroup Ltd.		2,353		12,066
Fortescue Metals Group Ltd.		7,280		29,880
Iluka Resources Ltd.		4,810		38,947
Mount Gibson Iron Ltd.		15,938		10,903
Nufarm Ltd.		7,020		28,029
OZ Minerals Ltd.		15,080		61,052

				225,640


Media 0.1%
Seven West Media Ltd.		9,659		16,721
Southern Cross Media Group Ltd.		8,216		8,373
Ten Network Holdings Ltd. *		71,598		18,658

				43,752


Real Estate 0.8%
Australand Property Group		4,373		17,460
CFS Retail Property Trust Group		20,410		38,941
Charter Hall Retail REIT		3,250		12,099
Dexus Property Group		61,914		64,250
Goodman Group		9,672		45,819
GPT Group		14,287		51,858
Investa Office Fund		5,395		16,821
Westfield Retail Trust		11,583		34,389

				281,637


Retailing 0.7%
Automotive Holdings Group Ltd.		6,110		21,495
David Jones Ltd.		19,773		74,347
Harvey Norman Holdings Ltd.		10,946		32,600
JB Hi-Fi Ltd.		1,950		32,922
Myer Holdings Ltd.		19,786		39,592

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Pacific Brands Ltd.		63,687		33,490
Premier Investments Ltd.		2,509		20,502

				254,948


Software & Services 0.2%
Computershare Ltd.		5,382		63,765


Transportation 0.3%
Aurizon Holdings Ltd.		13,091		60,188
Transurban Group		7,410		51,241

				111,429


Utilities 0.4%
APA Group		7,644		49,729
DUET Group		23,777		53,331
SP AusNet		24,700		31,724

				134,784

				2,029,998

Austria 0.7%


Banks 0.2%
Raiffeisen Bank International AG		1,599		53,610


Capital Goods 0.1%
Zumtobel AG		1,144		24,508


Energy 0.0%
Schoeller-Bleckmann Oilfield Equipment AG		104		12,406


Insurance 0.1%
Vienna Insurance Group AG Wiener Versicherung Gruppe		663		35,880


Materials 0.1%
Lenzing AG		260		16,231
RHI AG		520		16,934

				33,165


Real Estate 0.1%
IMMOFINANZ AG *		11,466		40,805


Transportation 0.1%
Oesterreichische Post AG		806		37,592


Utilities 0.0%
Verbund AG		611		11,885

				249,851

Belgium 1.2%


Capital Goods 0.1%
Cie d’Entreprises CFE		234		25,225


Diversified Financials 0.3%
Ackermans & van Haaren N.V.		156		19,822
Gimv N.V.		312		16,157
Groupe Bruxelles Lambert S.A.		559		58,261
Sofina S.A.		130		15,343

				109,583


Materials 0.2%
Nyrstar N.V. *		10,010		33,151
Tessenderlo Chemie N.V.		1,482		44,641

				77,792


Media 0.1%
Telenet Group Holding N.V. *		793		47,558


Real Estate 0.1%
Befimmo S.A.		130		9,712
Cofinimmo		169		20,229

				29,941


Retailing 0.1%
D’Ieteren S.A. N.V.		1,027		43,457


Technology Hardware & Equipment 0.1%
Barco N.V.		299		22,987
EVS Broadcast Equipment S.A.		221		11,761

				34,748


Telecommunication Services 0.1%
Mobistar S.A. *		2,811		57,882


Utilities 0.1%
Elia System Operator S.A. N.V.		650		33,611

				459,797

Canada 8.9%


Automobiles & Components 0.2%
Linamar Corp.		767		42,558
Martinrea International, Inc.		2,210		23,854

				66,412


Banks 0.3%
Canadian Western Bank		520		17,910
Genworth MI Canada, Inc.		897		31,804
Home Capital Group, Inc.		468		21,016
Laurentian Bank of Canada		455		19,891

				90,621


Capital Goods 0.7%
Aecon Group, Inc.		1,326		20,576
Bird Construction, Inc.		988		12,720
CAE, Inc.		3,133		42,414
MacDonald, Dettwiler & Associates Ltd.		468		38,186
Russel Metals, Inc.		1,885		56,853
Toromont Industries Ltd.		1,521		37,106
Wajax Corp.		650		20,802
WSP Global, Inc.		494		17,502

				246,159


Commercial & Professional Services 0.4%
Newalta Corp.		1,001		18,410
Progressive Waste Solutions Ltd.		1,664		43,031
Ritchie Bros. Auctioneers, Inc.		975		22,241
Stantec, Inc.		390		24,104
Transcontinental, Inc., Class A		2,912		39,797

				147,583


Consumer Durables & Apparel 0.2%
Dorel Industries, Inc., Class B		975		36,994
Gildan Activewear, Inc.		767		41,697
Lululemon Athletica, Inc. *		221		9,863

				88,554


Consumer Services 0.0%
EnerCare, Inc.		1,339		13,959


Diversified Financials 0.3%
AGF Management Ltd., Class B		2,821		33,410
CI Financial Corp.		1,794		57,429
Dundee Corp., Class A *		1,144		17,036

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
GMP Capital, Inc.		2,236		16,803

				124,678


Energy 2.5%
Advantage Oil & Gas Ltd. *		6,747		40,512
AltaGas Ltd.		1,079		47,886
Calfrac Well Services Ltd.		442		15,110
Enerflex Ltd.		1,807		27,175
Ensign Energy Services, Inc.		2,600		38,862
Freehold Royalties Ltd.		650		15,648
Gibson Energy, Inc.		1,560		45,025
Gran Tierra Energy, Inc. *		1,664		11,984
Keyera Corp.		702		47,472
Lightstream Resources Ltd.		8,580		60,685
Mullen Group Ltd.		1,573		42,155
NuVista Energy Ltd. *		1,560		16,004
Pacific Rubiales Energy Corp.		2,899		56,573
Parkland Fuel Corp.		1,719		33,878
Pason Systems, Inc.		520		14,151
Pembina Pipeline Corp.		1,690		66,629
Peyto Exploration & Development Corp.		832		29,484
Precision Drilling Corp.		5,525		71,591
Savanna Energy Services Corp.		1,703		12,861
ShawCor Ltd.		858		43,443
Trican Well Service Ltd.		2,691		41,188
Trinidad Drilling Ltd.		2,847		30,152
Veresen, Inc.		3,133		49,079
Vermilion Energy, Inc.		936		63,116

				920,663


Food & Staples Retailing 0.2%
Liquor Stores N.A. Ltd.		923		9,078
The Jean Coutu Group PJC, Inc., A Shares		1,365		29,541
The North West Co., Inc.		1,118		24,505

				63,124


Food, Beverage & Tobacco 0.2%
Cott Corp.		2,600		18,293
Maple Leaf Foods, Inc.		2,626		45,248

				63,541


Insurance 0.1%
Industrial Alliance Insurance & Financial Services, Inc.		923		35,387


Materials 1.5%
Agnico Eagle Mines Ltd.		1,378		41,866
Canfor Corp. *		858		18,909
CCL Industries, Inc., Class B		273		26,461
Centerra Gold, Inc.		5,304		22,518
Chemtrade Logistics Income Fund		872		16,061
Dominion Diamond Corp. *		1,197		15,687
Eldorado Gold Corp.		3,835		21,968
Franco-Nevada Corp.		312		14,456
HudBay Minerals, Inc.		4,550		40,059
IAMGOLD Corp.		9,646		29,226
Lundin Mining Corp. *		9,100		47,685
Major Drilling Group International, Inc.		2,041		15,845
Methanex Corp.		1,079		61,808
New Gold, Inc. *		2,210		11,825
Pan American Silver Corp.		1,950		23,974
Sherritt International Corp.		15,821		67,460
Silver Wheaton Corp.		845		17,525
Thompson Creek Metals Co., Inc. *		7,579		21,149
West Fraser Timber Co., Ltd.		1,118		51,274

				565,756


Media 0.5%
Aimia, Inc.		2,457		43,807
Cineplex, Inc.		845		31,167
Cogeco Cable, Inc.		390		22,476
Corus Entertainment, Inc.		1,339		30,902
Quebecor, Inc., Class B		2,353		56,861

				185,213


Real Estate 0.4%
Boardwalk Real Estate Investment Trust		235		13,899
Brookfield Office Properties, Inc.		1,750		34,908
Calloway Real Estate Investment Trust		520		12,858
Canadian Real Estate Investment Trust		273		11,424
First Capital Realty, Inc.		793		13,628
Granite Real Estate Investment Trust		598		21,919
H&R Real Estate Investment Trust		780		16,766
RioCan Real Estate Investment Trust		1,196		30,102

				155,504


Retailing 0.3%
Dollarama, Inc.		351		29,568
Reitmans (Canada) Ltd., Class A		4,381		25,781
Sears Canada, Inc.		3,328		42,295

				97,644


Software & Services 0.2%
DH Corp.		1,066		31,847
Open Text Corp.		559		26,044

				57,891


Telecommunication Services 0.1%
Manitoba Telecom Services, Inc.		1,092		32,433


Transportation 0.1%
TransForce, Inc.		1,820		39,724
Westshore Terminals Investment Corp.		429		13,199

				52,923


Utilities 0.7%
Atco Ltd., Class I		1,274		60,693
Capital Power Corp.		1,924		45,892
Emera, Inc.		1,755		55,001
Just Energy Group, Inc.		4,384		24,467
Northland Power, Inc.		780		12,772
Superior Plus Corp.		4,251		52,577

				251,402

				3,259,447

Denmark 1.5%


Banks 0.2%
Jyske Bank A/S *		689		38,133
Sydbank A/S *		1,391		37,157

				75,290


Capital Goods 0.3%
NKT Holding A/S		598		41,012
Rockwool International A/S, B Shares		143		28,499
Solar A/S		403		33,489

				103,000

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Consumer Durables & Apparel 0.1%
Pandora A/S		377		27,861


Food, Beverage & Tobacco 0.1%
Royal UNIBREW *		104		16,733
Schouw & Co.		416		21,145

				37,878


Health Care Equipment & Services 0.2%
Coloplast A/S, Class B		507		43,754
GN Store Nord A/S		1,170		32,195
William Demant Holding A/S *		130		11,682

				87,631


Insurance 0.1%
Topdanmark A/S *		611		18,656
Tryg A/S		273		26,080

				44,736


Materials 0.2%
Chr Hansen Holding A/S		416		17,684
Novozymes A/S, B Shares		1,118		54,700

				72,384


Pharmaceuticals, Biotechnology & Life Sciences 0.1%
H. Lundbeck A/S		1,287		34,685


Software & Services 0.1%
SimCorp A/S		533		18,029


Transportation 0.1%
D/S Norden A/S		1,222		48,819

				550,313

Finland 1.9%


Automobiles & Components 0.2%
Nokian Renkaat Oyj		1,430		60,647


Capital Goods 0.5%
Cargotec Oyj, B Shares		741		30,839
Cramo Oyj		754		16,709
Konecranes Oyj		1,014		32,571
Outotec Oyj		2,340		26,295
Ramirent Oyj		1,560		17,115
Uponor Oyj		1,261		23,831
YIT Oyj		4,225		46,122

				193,482


Consumer Durables & Apparel 0.1%
Amer Sports Oyj		1,937		39,435


Materials 0.8%
Huhtamaki Oyj		2,132		57,894
Kemira Oyj		2,860		44,646
Metsa Board Oyj		5,746		27,050
Outokumpu Oyj *		107,640		37,939
Rautaruukki Oyj *		6,825		99,091
Tikkurila Oyj		520		14,163

				280,783


Media 0.1%
Sanoma Oyj		5,811		42,819


Real Estate 0.0%
Sponda Oyj		2,405		12,438


Retailing 0.1%
Stockmann Oyj Abp, B Shares		1,365		22,389


Software & Services 0.1%
Tieto Oyj		2,145		59,622

				711,615

France 4.9%


Automobiles & Components 0.2%
Faurecia		1,534		63,153
Plastic Omnium S.A.		702		23,866

				87,019


Banks 0.1%
Natixis		6,032		41,155


Capital Goods 0.3%
Areva S.A. *		1,118		24,989
Mersen		780		23,416
Saft Groupe S.A.		611		20,910
Zodiac Aerospace		1,599		56,904

				126,219


Commercial & Professional Services 0.6%
Bureau Veritas S.A.		1,430		43,163
Derichebourg S.A.		5,226		17,250
Edenred		1,586		49,765
Societe BIC S.A.		403		52,715
Teleperformance		1,105		69,217

				232,110


Consumer Durables & Apparel 0.3%
Nexity S.A.		1,131		47,619
SEB S.A.		494		44,598

				92,217


Consumer Services 0.1%
Club Mediterranee S.A. *		910		24,525


Diversified Financials 0.2%
Eurazeo S.A.		721		62,277


Energy 0.1%
Bourbon S.A.		975		30,533
Etablissements Maurel et Prom		1,144		19,685

				50,218


Food, Beverage & Tobacco 0.1%
Remy Cointreau S.A.		208		19,300
Vilmorin & Cie S.A.		91		12,061

				31,361


Health Care Equipment & Services 0.1%
BioMerieux		195		22,075
Orpea		260		18,569

				40,644


Insurance 0.1%
Euler Hermes S.A.		221		26,429


Materials 0.3%
Eramet *		481		61,723
Imerys S.A.		637		53,431

				115,154


Media 0.6%
Havas S.A.		2,990		25,782
IPSOS		468		18,606
JCDecaux S.A.		741		29,555
Metropole Television S.A.		2,080		42,219

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Societe Television Francaise 1		3,120		55,708
Technicolor S.A. *		7,436		54,945

				226,815


Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Ipsen S.A.		390		19,156


Real Estate 0.6%
Fonciere Des Regions		559		56,004
Gecina S.A.		189		27,002
ICADE		612		61,330
Klepierre		988		48,015
Mercialys S.A.		676		15,114

				207,465


Software & Services 0.4%
Alten S.A.		455		23,388
Altran Technologies S.A. *		2,340		25,704
Dassault Systemes S.A.		286		36,310
UBISOFT Entertainment *		2,704		54,073

				139,475


Technology Hardware & Equipment 0.2%
Ingenico		247		22,342
Neopost S.A.		780		62,467

				84,809


Telecommunication Services 0.1%
Iliad S.A.		117		37,439


Transportation 0.4%
Aeroports de Paris		455		59,293
Bollore S.A.		65		41,714
Groupe Eurotunnel S.A. - Reg’d		3,783		50,072

				151,079

				1,795,566

Germany 3.4%


Automobiles & Components 0.2%
ElringKlinger AG		338		13,634
Grammer AG		312		18,245
Leoni AG		689		55,216

				87,095


Banks 0.1%
Aareal Bank AG		559		26,472


Capital Goods 0.7%
Bauer AG		546		13,720
BayWa AG		585		32,713
Deutz AG		2,236		18,886
DMG MORI SEIKI AG		897		28,586
Duerr AG		187		16,017
Heidelberger Druckmaschinen AG *		11,794		40,057
Indus Holding AG		689		33,635
Krones AG		234		22,830
Nordex SE *		1,005		21,997
Pfeiffer Vacuum Technology AG		143		15,601
SGL Carbon SE *		507		17,303
Vossloh AG		130		12,691

				274,036


Consumer Durables & Apparel 0.2%
Gerry Weber International AG		286		15,234
Hugo Boss AG		156		22,191
Puma SE		65		18,981

				56,406


Food, Beverage & Tobacco 0.1%
Suedzucker AG		1,703		34,625


Health Care Equipment & Services 0.2%
Draegerwerk AG & Co. KGaA		39		3,553
Rhoen Klinikum AG		1,924		63,522

				67,075


Insurance 0.0%
Talanx AG *		403		14,609


Materials 0.4%
Fuchs Petrolub SE		169		15,328
Symrise AG		1,170		63,486
Wacker Chemie AG		468		55,361

				134,175


Media 0.2%
Axel Springer SE		676		43,585
ProSiebenSat.1 Media AG - Reg’d		936		42,640

				86,225


Pharmaceuticals, Biotechnology & Life Sciences 0.2%
Gerresheimer AG		442		29,777
Stada Arzneimittel AG		897		42,167

				71,944


Real Estate 0.1%
Deutsche Euroshop AG		273		13,597
GAGFAH S.A. *		1,066		17,790
GSW Immobilien AG		260		13,017

				44,404


Retailing 0.1%
Fielmann AG		143		20,508


Semiconductors & Semiconductor Equipment 0.1%
Aixtron SE *		1,430		20,937
Kontron AG		2,106		14,386
SMA Solar Technology AG *		351		14,065

				49,388


Software & Services 0.3%
Bechtle AG		377		33,335
Software AG		1,079		41,587
United Internet AG - Reg’d		754		34,884

				109,806


Technology Hardware & Equipment 0.2%
Jenoptik AG		767		13,193
Wincor Nixdorf AG		767		49,939

				63,132


Telecommunication Services 0.1%
Telefonica Deutschland Holding AG *		5,720		44,459


Transportation 0.2%
Fraport AG Frankfurt Airport		533		40,933
Hamburger Hafen und Logistik AG		715		18,049

				58,982

				1,243,341

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)

Hong Kong 2.9%


Automobiles & Components 0.1%
Xinyi Glass Holdings Ltd.		26,000		18,244


Banks 0.2%
Bank of East Asia Ltd.		13,000		52,902
Wing Hang Bank Ltd.		1,200		19,162

				72,064


Capital Goods 0.2%
Johnson Electric Holdings Ltd.		26,000		22,603
NWS Holdings Ltd.		13,000		22,636
Singamas Container Holdings Ltd.		52,000		10,933

				56,172


Consumer Durables & Apparel 0.1%
Techtronic Industries Co.		13,000		40,997


Consumer Services 0.3%
Cafe de Coral Holdings Ltd.		2,600		8,149
Galaxy Entertainment Group Ltd.		1,300		10,388
Sands China Ltd.		5,200		37,895
SJM Holdings Ltd.		13,000		37,308
Wynn Macau Ltd.		5,200		21,631

				115,371


Diversified Financials 0.1%
First Pacific Co., Ltd.		26,000		29,411
Guoco Group Ltd.		200		2,458

				31,869


Food & Staples Retailing 0.0%
Dairy Farm International Holdings Ltd.		900		9,441


Media 0.0%
Television Broadcasts Ltd.		2,600		16,382


Real Estate 1.2%
Great Eagle Holdings Ltd.		3,000		10,699
Hang Lung Group Ltd.		13,000		73,191
Hang Lung Properties Ltd.		13,000		41,249
Henderson Land Development Co., Ltd.		4,000		26,055
Hongkong Land Holdings Ltd.		13,000		91,260
Hysan Development Co., Ltd.		1,000		4,895
Kerry Properties Ltd.		8,000		26,313
New World Development Co., Ltd.		39,000		44,770
Sino Land Co., Ltd.		26,000		40,310
Swire Properties Ltd.		5,200		16,231
Wheelock & Co., Ltd.		13,000		52,567

				427,540


Retailing 0.1%
Chow Sang Sang Holdings International Ltd.		13,000		31,892
Luk Fook Holdings International Ltd.		1,600		4,045

				35,937


Technology Hardware & Equipment 0.1%
VTech Holdings Ltd.		2,600		34,978


Telecommunication Services 0.0%
Hutchison Telecommunications Hong Kong Holdings Ltd.		26,000		9,658


Transportation 0.5%
Cathay Pacific Airways Ltd.		26,000		47,352
MTR Corp., Ltd.		13,000		49,214
Orient Overseas International Ltd.		8,000		40,965
Pacific Basin Shipping Ltd.		66,000		41,117

				178,648

				1,047,301

Ireland 0.7%


Capital Goods 0.2%
Grafton Group plc		5,005		47,936
Kingspan Group plc		2,093		37,485

				85,421


Consumer Services 0.1%
Paddy Power plc		260		18,548


Food, Beverage & Tobacco 0.1%
C&C Group plc		5,616		34,485
Glanbia plc		1,274		19,870

				54,355


Health Care Equipment & Services 0.1%
UDG Healthcare plc		6,188		35,705


Insurance 0.1%
FBD Holdings plc		793		18,396


Materials 0.1%
James Hardie Industries plc CDI		2,184		29,128


Transportation 0.0%
Aer Lingus Group plc		4,267		8,268

				249,821

Israel 1.2%


Banks 0.3%
Bank Hapoalim B.M.		9,334		54,423
Israel Discount Bank Ltd., A Shares *		12,246		21,509
Mizrahi Tefahot Bank Ltd.		1,365		18,516

				94,448


Capital Goods 0.2%
Discount Investment Corp. *		4,589		39,957
Elbit Systems Ltd.		416		26,005

				65,962


Energy 0.2%
Delek Group Ltd.		78		33,060
Oil Refineries Ltd. *		54,184		16,023
Paz Oil Co., Ltd.		156		25,513

				74,596


Food & Staples Retailing 0.0%
Shufersal Ltd.		3,770		13,808


Materials 0.1%
The Israel Corp., Ltd. *		91		52,981


Software & Services 0.2%
Check Point Software Technologies Ltd. *		858		55,324
NICE Systems Ltd.		377		14,654

				69,978


Telecommunication Services 0.2%
Cellcom Israel Ltd.		3,861		50,583

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Partner Communications Co., Ltd. *		4,329		36,696

				87,279

				459,052

Italy 2.7%


Automobiles & Components 0.1%
Piaggio & C S.p.A. *		5,525		20,718


Banks 0.3%
Banca Carige S.p.A. *		49,781		29,868
Banca Popolare di Sondrio Scarl		6,864		45,408
Credito Valtellinese Scarl *		21,164		30,612

				105,888


Capital Goods 0.2%
Astaldi S.p.A.		1,430		15,474
C.I.R. S.p.A - Compagnie Industriali Riunite *		19,344		27,610
Danieli & C Officine Meccaniche S.p.A.		572		15,043
Salini Impregilo S.p.A *		3,796		22,273

				80,400


Consumer Durables & Apparel 0.4%
De’Longhi S.p.A.		767		17,070
Geox S.p.A. *		3,848		15,521
Indesit Co. S.p.A. *		1,365		20,042
Luxottica Group S.p.A.		1,079		61,691
Prada S.p.A.		1,600		11,970
Safilo Group S.p.A. *		598		13,970
Tod’s S.p.A.		104		14,170

				154,434


Consumer Services 0.2%
Autogrill S.p.A. *		3,068		29,410
Gtech S.p.A.		1,170		32,234

				61,644


Diversified Financials 0.1%
Azimut Holding S.p.A.		780		21,372


Energy 0.2%
ERG S.p.A.		3,055		45,648
Saras S.p.A. *		28,639		42,401

				88,049


Food, Beverage & Tobacco 0.1%
Davide Campari-Milano S.p.A.		2,730		23,376
Parmalat S.p.A.		8,125		27,762

				51,138


Health Care Equipment & Services 0.0%
Sorin S.p.A. *		4,485		13,366


Insurance 0.2%
Mediolanum S.p.A.		1,186		10,188
Societa Cattolica di Assicurazioni Scarl		702		16,735
Unipol Gruppo Finanziario S.p.A.		5,669		34,176
UnipolSai S.p.A		5,423		18,677
UnipolSai S.p.A. RSP		1,016		3,416

				83,192


Materials 0.1%
Buzzi Unicem S.p.A.		2,860		49,797


Media 0.0%
RCS MediaGroup S.p.A. *		6,697		13,890


Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Recordati S.p.A.		1,313		22,127


Real Estate 0.1%
Beni Stabili S.p.A.		20,488		18,116


Transportation 0.2%
Ansaldo STS S.p.A.		1,482		15,915
ASTM S.p.A.		1,547		24,614
Societa Iniziative Autostradali e Servizi S.p.A.		1,742		22,273

				62,802


Utilities 0.4%
ACEA S.p.A.		2,002		28,466
Enel Green Power S.p.A.		14,664		41,180
Hera S.p.A.		16,497		47,273
Iren S.p.A.		18,993		30,089

				147,008

				993,941

Japan 36.4%


Automobiles & Components 3.0%
Aisan Industry Co., Ltd.		1,600		12,659
Akebono Brake Industry Co., Ltd.		2,600		12,240
Calsonic Kansei Corp.		13,000		81,134
Exedy Corp.		1,300		35,035
FCC Co., Ltd.		1,300		21,887
Futaba Industrial Co., Ltd.		5,200		23,356
Imasen Electric Industrial		500		6,674
Keihin Corp.		2,600		38,944
Koito Manufacturing Co., Ltd.		2,000		47,491
KYB Co., Ltd.		3,000		12,797
Mitsuba Corp.		300		4,390
Mitsubishi Motors Corp.		3,900		39,711
Musashi Seimitsu Industry Co., Ltd.		1,300		29,387
NGK Spark Plug Co., Ltd.		2,500		68,849
Nifco, Inc.		1,300		38,114
Nippon Seiki Co., Ltd.		1,000		17,357
Nissan Shatai Co., Ltd.		3,300		54,360
Nissin Kogyo Co., Ltd.		1,300		23,855
NOK Corp.		2,600		47,812
Press Kogyo Co., Ltd.		1,000		3,666
Riken Corp.		1,000		3,912
Sanden Corp.		1,000		4,757
Showa Corp.		1,400		15,246
Sumitomo Rubber Industries Ltd.		5,200		77,122
T RAD Co., Ltd.		1,000		2,438
Tachi-S Co., Ltd.		1,300		20,673
Takata Corp.		1,300		28,978
The Yokohama Rubber Co., Ltd.		3,500		30,960
Tokai Rika Co., Ltd.		2,600		45,997
Tokai Rubber Industries Ltd.		1,400		13,485
Toyo Tire & Rubber Co., Ltd.		6,000		52,484
Toyoda Gosei Co., Ltd.		2,600		51,619
Toyota Boshoku Corp.		3,900		43,391
TS Tech Co., Ltd.		500		13,396
Unipres Corp.		2,600		56,270
Yorozu Corp.		1,300		25,120

				1,105,566


Banks 1.6%
Aozora Bank Ltd.		2,000		6,133

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Fukuoka Financial Group, Inc.		13,000		56,347
Hokuhoku Financial Group, Inc.		26,000		51,364
Seven Bank Ltd.		7,800		28,978
Shinsei Bank Ltd.		17,000		35,422
Suruga Bank Ltd.		1,000		17,220
The 77 Bank Ltd.		1,000		4,796
The Awa Bank Ltd.		1,000		5,425
The Bank of Kyoto Ltd.		1,000		8,295
The Chugoku Bank Ltd.		1,700		24,110
The Daishi Bank Ltd.		5,000		17,495
The Gunma Bank Ltd.		2,000		10,477
The Hachijuni Bank Ltd.		4,000		21,937
The Hiroshima Bank Ltd.		13,000		58,391
The Hyakugo Bank Ltd.		1,000		3,892
The Iyo Bank Ltd.		2,600		24,404
The Joyo Bank Ltd.		3,000		14,743
The Juroku Bank Ltd.		1,000		3,460
The Kagoshima Bank Ltd.		1,000		6,290
The Keiyo Bank Ltd.		1,000		4,600
The Kiyo Bank Ltd.		400		4,843
The Musashino Bank Ltd.		1,300		42,611
The Nishi-Nippon City Bank Ltd.		13,000		27,854
The Ogaki Kyoritsu Bank Ltd.		13,000		34,881
The San-In Godo Bank Ltd.		1,000		6,949
The Shiga Bank Ltd.		1,000		5,514
The Shizuoka Bank Ltd.		3,000		28,159
Yamaguchi Financial Group, Inc.		2,000		19,048

				573,638


Capital Goods 6.7%
Aica Kogyo Co., Ltd.		1,300		28,263
Amada Co., Ltd.		6,000		56,730
Asahi Diamond Industrial Co., Ltd.		1,300		21,005
Central Glass Co., Ltd.		13,000		43,825
Chiyoda Corp.		1,000		11,824
CKD Corp.		1,400		12,026
COMSYS Holdings Corp.		3,900		70,376
Daifuku Co., Ltd.		1,500		19,564
Daihen Corp.		1,000		3,813
DMG Mori Seiki Co., Ltd.		1,600		19,500
Ebara Corp.		13,000		78,707
Fuji Electric Co., Ltd.		13,000		57,113
Fuji Machine Manufacturing Co., Ltd.		1,400		11,283
Fujitec Co., Ltd.		1,400		15,617
Furukawa Co., Ltd.		4,000		7,588
Futaba Corp.		1,300		19,229
Glory Ltd.		1,300		38,459
GS Yuasa Corp.		13,000		74,235
Hino Motors Ltd.		3,900		49,102
Hitachi Construction Machinery Co., Ltd.		2,600		48,093
Hitachi Koki Co., Ltd.		1,300		10,260
Hitachi Zosen Corp.		2,700		13,083
Hoshizaki Electric Co., Ltd.		1,300		59,669
Inaba Denki Sangyo Co., Ltd.		1,300		40,695
Inabata & Co., Ltd.		2,700		23,804
Iseki & Co., Ltd.		1,000		2,526
Iwatani Corp.		13,000		74,746
Kamei Corp.		2,700		20,407
Kandenko Co., Ltd.		4,000		21,898
Kanematsu Corp.		26,000		42,164
Keihan Electric Railway Co., Ltd.		13,000		53,280
Kinden Corp.		4,000		34,360
Kitz Corp.		2,600		13,314
Komori Corp.		1,500		19,313
Kurita Water Industries Ltd.		2,600		56,423
Kuroda Electric Co., Ltd.		2,600		37,053
Kyowa Exeo Corp.		3,900		53,664
Mabuchi Motor Co., Ltd.		300		22,232
Maeda Corp.		2,800		20,832
Maeda Road Construction Co., Ltd.		1,000		16,099
Makino Milling Machine Co., Ltd.		1,000		7,951
Meidensha Corp.		1,000		3,990
Minebea Co., Ltd.		13,000		135,053
Mirait Holdings Corp.		2,700		25,343
MISUMI Group, Inc.		1,300		34,498
Miura Co., Ltd.		1,300		41,078
Nabtesco Corp.		1,300		28,212
Nachi-Fujikoshi Corp.		1,000		6,379
NGK Insulators Ltd.		3,500		72,583
Nichias Corp.		600		4,081
Nippo Corp.		1,500		23,574
Nippon Densetsu Kogyo Co., Ltd.		1,000		14,684
Nishimatsu Construction Co., Ltd.		13,000		50,980
Nisshinbo Holdings, Inc.		4,000		37,545
Nitta Corp.		100		2,165
Nitto Boseki Co., Ltd.		1,000		3,735
Nitto Kogyo Corp.		100		1,937
Noritake Co., Ltd.		1,000		2,487
Noritz Corp.		1,300		25,810
NTN Corp.		13,000		51,491
Oiles Corp.		100		2,244
OKUMA Corp.		1,400		12,907
Okumura Corp.		3,000		12,708
OSG Corp.		1,300		22,194
Penta-Ocean Construction Co., Ltd.		7,000		20,502
Ryobi Ltd.		3,000		9,140
Sanki Engineering Co., Ltd.		1,000		6,467
Sankyo Tateyama, Inc.		1,300		24,570
Sanwa Holdings Corp.		4,000		27,245
Shinmaywa Industries Ltd.		2,400		20,380
Sintokogio Ltd.		1,300		9,033
Star Micronics Co., Ltd.		1,300		17,134
Tadano Ltd.		300		4,538
Taikisha Ltd.		1,300		28,863
Takara Standard Co., Ltd.		2,400		19,059
Takasago Thermal Engineering Co., Ltd.		1,400		14,627
The Japan Steel Works Ltd.		4,000		15,726
The Nippon Road Co., Ltd.		2,000		10,615
THK Co., Ltd.		2,600		57,267
Toa Corp.		4,000		6,723
Toda Corp.		4,000		12,698
TOKAI Holdings Corp.		6,500		23,638
Toshiba Machine Co., Ltd.		1,000		4,246
Toshiba Plant Systems & Services Corp.		1,400		21,011
Totetsu Kogyo Co., Ltd.		400		8,370
TOTO Ltd.		3,000		37,948
Toyo Engineering Corp.		4,000		19,500
Trusco Nakayama Corp.		1,300		29,081
Tsubakimoto Chain Co.		2,600		20,085
Ushio, Inc.		2,600		31,457
Yamazen Corp.		1,600		10,866
Yuasa Trading Co., Ltd.		3,000		5,927

				2,462,519


Commercial & Professional Services 0.8%
Aeon Delight Co., Ltd.		1,300		31,214

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Duskin Co., Ltd.		1,400		25,882
Kokuyo Co., Ltd.		3,900		30,128
Kyodo Printing Co., Ltd.		1,000		2,831
Matsuda Sangyo Co., Ltd.		1,300		15,588
Meitec Corp.		100		3,042
Moshi Moshi Hotline, Inc.		1,300		12,815
Nissha Printing Co., Ltd.		1,300		19,868
Okamura Corp.		1,000		8,639
Park24 Co., Ltd.		1,300		24,596
Sato Holdings Corp.		100		2,187
Sohgo Security Services Co., Ltd.		2,600		63,502
Temp Holdings Co., Ltd.		1,300		39,865
Toppan Forms Co., Ltd.		2,600		24,711

				304,868


Consumer Durables & Apparel 1.8%
Alpine Electronics, Inc.		1,400		17,117
Asics Corp.		2,600		56,014
Casio Computer Co., Ltd.		6,500		86,564
Foster Electric Co., Ltd.		500		5,455
Funai Electric Co., Ltd.		1,700		16,341
Gunze Ltd.		13,000		36,159
Haseko Corp.		5,200		37,616
JVC Kenwood Corp. *		12,000		22,527
Kurabo Industries Ltd.		13,000		22,104
Onward Holdings Co., Ltd.		3,000		20,463
PanaHome Corp.		1,400		10,265
Pioneer Corp. *		15,600		32,965
Rinnai Corp.		300		26,301
Sangetsu Co., Ltd.		1,300		33,936
Sankyo Co., Ltd.		1,300		48,361
Sanyo Shokai Ltd.		1,000		2,280
Sumitomo Forestry Co., Ltd.		5,200		56,015
Tamron Co., Ltd.		1,300		29,745
Token Corp.		260		11,423
Tomy Co., Ltd.		2,600		13,109
TSI Holdings Co., Ltd.		5,200		33,731
Unitika Ltd. *		14,000		5,917
Wacoal Holdings Corp.		3,000		30,488

				654,896


Consumer Services 0.7%
Accordia Golf Co., Ltd.		1,400		17,929
Doutor Nichires Holdings Co., Ltd.		1,300		22,168
HIS Co., Ltd.		800		23,667
McDonald’s Holdings Co. Japan Ltd.		1,300		36,772
MOS Food Services, Inc.		1,300		27,087
Plenus Co., Ltd.		1,300		28,761
Resorttrust, Inc.		1,300		23,970
Round One Corp.		1,800		12,030
Royal Holdings Co., Ltd.		1,300		20,252
Saizeriya Co., Ltd.		1,300		16,010
Tokyo Dome Corp.		1,000		4,924
Yoshinoya Holdings Co., Ltd.		1,400		17,984
Zensho Holdings Co., Ltd.		1,300		12,381

				263,935


Diversified Financials 0.7%
Acom Co., Ltd. *		7,800		29,745
AEON Financial Service Co., Ltd.		1,300		32,671
Aiful Corp. *		6,650		28,301
Century Tokyo Leasing Corp.		100		3,101
Daiwa Securities Group, Inc.		3,000		24,208
Hitachi Capital Corp.		1,300		31,419
Jaccs Co., Ltd.		1,000		4,442
Mitsubishi UFJ Lease & Finance Co., Ltd.		5,200		28,058
Orient Corp. *		11,700		25,184
SBI Holdings, Inc.		2,700		30,756

				237,885


Energy 0.2%
Japan Petroleum Exploration Co.		1,300		53,983
Shinko Plantech Co., Ltd.		1,300		10,068

				64,051


Food & Staples Retailing 1.3%
Ain Pharmaciez, Inc.		1,300		59,222
Arcs Co., Ltd.		1,300		26,295
Cawachi Ltd.		1,300		23,931
Cocokara fine, Inc.		400		11,358
Cosmos Pharmaceutical Corp.		100		10,290
FamilyMart Co., Ltd.		1,300		55,708
Heiwado Co., Ltd.		1,400		20,447
Kato Sangyo Co., Ltd.		1,300		27,509
Matsumotokiyoshi Holdings Co., Ltd.		1,300		44,464
Mitsubishi Shokuhin Co., Ltd.		100		2,384
San-A Co., Ltd.		200		5,620
Sugi Holdings Co., Ltd.		1,300		61,266
Sundrug Co., Ltd.		300		13,460
Tsuruha Holdings, Inc.		800		42,931
Valor Co., Ltd.		2,600		41,117
Welcia Holdings Co., Ltd.		100		6,025
Yokohama Reito Co., Ltd.		3,900		30,090

				482,117


Food, Beverage & Tobacco 2.6%
Calbee, Inc.		1,300		36,619
Coca-Cola East Japan Co., Ltd.		2,600		61,483
Dydo Drinco, Inc.		100		4,074
Ezaki Glico Co., Ltd.		1,000		12,826
Fuji Oil Co., Ltd.		2,600		32,530
Hokuto Corp.		1,300		24,941
House Foods Group, Inc.		2,600		47,224
Ito En Ltd.		1,300		29,694
Itoham Foods, Inc.		13,000		56,858
J-Oil Mills, Inc.		1,000		3,008
Kagome Co., Ltd.		2,600		44,413
Kewpie Corp.		2,800		42,105
Kikkoman Corp.		2,500		50,248
Marudai Food Co., Ltd.		3,000		9,406
Maruha Nichiro Corp.		900		14,206
Megmilk Snow Brand Co., Ltd.		2,600		33,527
Mitsui Sugar Co., Ltd.		1,000		3,774
Morinaga & Co., Ltd.		13,000		27,471
Morinaga Milk Industry Co., Ltd.		13,000		49,830
Nichirei Corp.		13,000		64,013
Nippon Flour Mills Co., Ltd.		3,000		15,863
Nippon Suisan Kaisha Ltd. *		13,000		41,014
Nissin Foods Holdings Co., Ltd.		1,300		63,246
Prima Meat Packers Ltd.		5,000		11,499
Sapporo Holdings Ltd.		13,000		54,558
Takara Holdings, Inc.		2,500		17,790
The Nisshin Oillio Group Ltd.		6,000		20,758
Warabeya Nichiyo Co., Ltd.		1,300		25,222

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Yakult Honsha Co., Ltd.		1,300		65,163

				963,363


Health Care Equipment & Services 0.6%
Miraca Holdings, Inc.		1,300		61,138
Nichii Gakkan Co.		2,600		22,411
Nihon Kohden Corp.		500		22,630
Nipro Corp.		3,900		34,345
Ship Healthcare Holdings, Inc.		100		3,538
Sysmex Corp.		600		21,053
Toho Holdings Co., Ltd.		2,600		50,137

				215,252


Household & Personal Products 0.6%
Fancl Corp.		2,800		33,326
Kobayashi Pharmaceutical Co., Ltd.		500		32,139
Kose Corp.		1,300		45,806
Lion Corp.		3,000		17,219
Mandom Corp.		100		3,406
Pigeon Corp.		100		4,654
Pola Orbis Holdings, Inc.		100		3,902
Unicharm Corp.		1,300		78,758

				219,210


Insurance 0.1%
Sony Financial Holdings, Inc.		1,300		21,427


Materials 4.2%
ADEKA Corp.		2,800		32,363
Aichi Steel Corp.		1,000		3,558
Air Water, Inc.		1,500		23,176
Asahi Holdings, Inc.		1,300		21,785
Chugoku Marine Paints Ltd.		1,000		6,919
Daicel Corp.		7,000		63,777
Daido Steel Co., Ltd.		4,000		19,657
Daio Paper Corp.		3,000		35,589
Dowa Holdings Co., Ltd.		4,000		35,343
Earth Chemical Co., Ltd.		1,300		48,042
FP Corp.		200		6,310
Fuji Seal International, Inc.		1,300		39,098
Godo Steel Ltd.		13,000		17,760
Hitachi Chemical Co., Ltd.		3,900		60,525
Hitachi Metals Ltd.		3,000		42,459
Hokuetsu Kishu Paper Co., Ltd.		6,500		31,687
Ishihara Sangyo Kaisha Ltd. *		13,000		10,222
Kansai Paint Co., Ltd.		2,000		31,451
Kureha Corp.		4,000		19,382
Kyoei Steel Ltd.		1,300		21,644
Lintec Corp.		1,300		23,982
Maruichi Steel Tube Ltd.		1,300		31,943
Mitsubishi Gas Chemical Co., Inc.		13,000		76,023
Mitsubishi Paper Mills Ltd. *		13,000		11,116
Mitsubishi Steel Manufacturing Co., Ltd.		1,000		1,975
Nihon Parkerizing Co., Ltd.		1,300		28,646
Nippon Denko Co., Ltd.		1,000		2,722
Nippon Kayaku Co., Ltd.		2,000		25,318
Nippon Paint Co., Ltd.		1,600		25,523
Nippon Shokubai Co., Ltd.		3,000		37,800
Nippon Soda Co., Ltd.		500		2,555
Nissan Chemical Industries Ltd.		2,600		39,277
Nittetsu Mining Co., Ltd.		1,000		3,961
NOF Corp.		3,000		23,176
Pacific Metals Co., Ltd. *		6,000		28,365
Rengo Co., Ltd.		13,000		61,585
Sanyo Chemical Industries Ltd.		1,000		6,526
Sanyo Special Steel Co., Ltd.		1,000		4,030
Sumitomo Bakelite Co., Ltd.		13,000		48,042
Sumitomo Osaka Cement Co., Ltd.		13,000		46,892
Taiyo Nippon Sanso Corp.		7,000		61,300
Toagosei Co., Ltd.		13,000		56,858
Toho Zinc Co., Ltd.		1,000		3,283
Tokai Carbon Co., Ltd.		13,000		36,670
Tokuyama Corp.		14,000		40,592
Tokyo Ohka Kogyo Co., Ltd.		1,300		28,557
Tokyo Steel Manufacturing Co., Ltd.		7,900		36,493
Topy Industries Ltd.		13,000		23,765
Toyo Ink SC Holdings Co., Ltd.		4,000		17,534
Toyo Kohan Co., Ltd.		500		2,703
Toyobo Co., Ltd.		26,000		42,420
UACJ Corp.		2,000		6,998
Yamato Kogyo Co., Ltd.		1,300		36,772
Yodogawa Steel Works Ltd.		5,000		19,903
Zeon Corp.		3,000		27,628

				1,541,680


Media 0.5%
Asatsu-DK, Inc.		1,300		31,214
Avex Group Holdings, Inc.		100		1,706
CyberAgent, Inc.		400		15,962
Daiichikosho Co., Ltd.		1,300		38,331
Kadokawa Corp.		300		9,391
SKY Perfect JSAT Holdings, Inc.		4,000		20,797
Toho Co., Ltd.		2,600		55,810
Tokyo Broadcasting System Holdings, Inc.		1,300		14,643
TV Asahi Holdings Corp.		400		6,994
Zenrin Co., Ltd.		300		3,190

				198,038


Pharmaceuticals, Biotechnology & Life Sciences 1.3%
Chugai Pharmaceutical Co., Ltd.		2,600		69,558
Dainippon Sumitomo Pharma Co., Ltd.		1,400		15,329
Hisamitsu Pharmaceutical Co., Inc.		1,300		52,769
Kaken Pharmaceutical Co., Ltd.		500		9,976
Kissei Pharmaceutical Co., Ltd.		1,300		29,860
KYORIN Holdings, Inc.		1,300		25,094
Kyowa Hakko Kirin Co., Ltd.		3,600		43,627
Mitsubishi Tanabe Pharma Corp.		3,900		56,730
Mochida Pharmaceutical Co., Ltd.		200		13,485
Nippon Shinyaku Co., Ltd.		500		9,740
Rohto Pharmaceutical Co., Ltd.		1,400		21,479
Santen Pharmaceutical Co., Ltd.		1,300		70,018
Sawai Pharmaceutical Co., Ltd.		200		12,423
Tsumura & Co.		1,300		29,247

				459,335


Real Estate 1.2%
Advance Residence Investment Corp.		13		32,096
Aeon Mall Co., Ltd.		1,300		32,684
Daikyo, Inc.		3,000		6,398
Japan Excellent, Inc.		5		6,806
Japan Prime Realty Investment Corp.		13		46,700
Japan Real Estate Investment Corp.		5		29,240
Japan Retail Fund Investment Corp.		13		28,608
Kenedix Office Investment Corp.		1		5,229
Leopalace21 Corp. *		5,700		25,882
Nippon Building Fund, Inc.		13		76,151

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Nomura Real Estate Holdings, Inc.		1,300		25,005
Nomura Real Estate Office Fund, Inc.		1		4,663
NTT Urban Development Corp.		1,600		16,040
Orix JREIT, Inc.		13		17,364
Tokyo Tatemono Co., Ltd.		2,000		18,222
Tokyu Fudosan Holdings Corp.		6,500		51,172
United Urban Investment Corp.		13		20,814

				443,074


Retailing 2.3%
ABC-Mart, Inc.		100		5,111
Adastria Holdings Co., Ltd.		60		1,371
Alpen Co., Ltd.		100		1,726
Aoyama Trading Co., Ltd.		1,400		37,785
Arcland Sakamoto Co., Ltd.		300		6,109
Autobacs Seven Co., Ltd.		2,600		42,496
Bic Camera, Inc.		3,900		28,710
Canon Marketing Japan, Inc.		3,900		66,390
Chiyoda Co., Ltd.		1,300		29,847
DCM Holdings Co., Ltd.		6,500		44,272
Don Quijote Holdings Co., Ltd.		1,300		76,662
Doshisha Co., Ltd.		1,300		19,894
Geo Holdings Corp.		2,600		21,287
Gulliver International Co., Ltd.		1,300		10,004
H2O Retailing Corp.		4,000		31,805
Hikari Tsushin, Inc.		100		7,981
Izumi Co., Ltd.		1,300		40,695
Kohnan Shoji Co., Ltd.		1,600		15,914
Komeri Co., Ltd.		1,300		35,380
Marui Group Co., Ltd.		6,500		61,394
Nitori Holdings Co., Ltd.		1,300		63,821
Rakuten, Inc.		2,600		33,706
Ryohin Keikaku Co., Ltd.		400		43,481
T-Gaia Corp.		1,300		12,534
The Daiei, Inc. *		14,450		42,749
United Arrows Ltd.		200		8,295
USS Co., Ltd.		2,600		42,573
Xebio Co., Ltd.		1,300		25,260

				857,252


Semiconductors & Semiconductor Equipment 0.6%
Advantest Corp.		2,600		29,413
Dainippon Screen Manufacturing Co., Ltd.		3,000		12,856
Disco Corp.		100		6,408
Renesas Electronics Corp. *		6,900		51,269
Sanken Electric Co., Ltd.		1,000		7,617
Shinko Electric Industries Co., Ltd.		2,600		21,287
Sumco Corp.		3,900		30,512
Tokyo Seimitsu Co., Ltd.		500		8,993
Ulvac, Inc. *		2,600		56,423

				224,778


Software & Services 1.4%
Capcom Co., Ltd.		1,300		21,989
Dena Co., Ltd.		1,300		16,981
DTS Corp.		300		5,175
Fuji Soft, Inc.		300		6,159
Gree, Inc.		1,300		11,870
IT Holdings Corp.		3,900		66,121
Itochu Techno-Solutions Corp.		1,300		53,536
NEC Networks & System Integration Corp.		1,300		29,937
NET One Systems Co., Ltd.		3,900		29,208
Nexon Co., Ltd.		100		878
Nihon Unisys Ltd.		2,600		22,513
Nomura Research Institute Ltd.		1,400		46,990
NS Solutions Corp.		100		2,480
NSD Co., Ltd.		1,300		16,712
Obic Co., Ltd.		500		15,897
Otsuka Corp.		360		49,288
SCSK Corp.		400		10,328
Square Enix Holdings Co., Ltd.		1,400		21,809
Transcosmos, Inc.		1,300		26,308
Trend Micro, Inc.		1,300		40,248
Yahoo Japan Corp.		6,600		30,423

				524,850


Technology Hardware & Equipment 2.4%
Alps Electric Co., Ltd.		6,700		77,243
Amano Corp.		1,400		13,925
Anritsu Corp.		1,300		13,442
Azbil Corp.		1,400		31,895
Canon Electronics, Inc.		1,300		22,794
Citizen Holdings Co., Ltd.		7,800		59,797
Daiwabo Holdings Co., Ltd.		13,000		23,638
Eizo Corp.		500		12,969
Hamamatsu Photonics K.K.		1,300		62,735
Hirose Electric Co., Ltd.		300		42,960
Hitachi High-Technologies Corp.		2,600		58,774
Hitachi Kokusai Electric, Inc.		1,000		12,413
Horiba Ltd.		500		16,586
Hosiden Corp.		7,800		43,084
Japan Aviation Electronics Industry Ltd.		1,000		18,586
Macnica, Inc.		100		2,978
Melco Holdings, Inc.		1,300		22,679
Mitsumi Electric Co., Ltd.		7,000		42,381
Nichicon Corp.		1,300		10,004
Nippon Chemi-Con Corp. *		1,000		2,998
Oki Electric Industry Co., Ltd.		13,000		26,704
Riso Kagaku Corp.		500		13,450
Ryosan Co., Ltd.		2,600		51,517
Shimadzu Corp.		4,000		34,243
Taiyo Yuden Co., Ltd.		2,600		27,036
The Nippon Signal Co., Ltd.		1,300		11,563
Toshiba TEC Corp.		5,000		33,171
UKC Holdings Corp.		1,300		19,638
Yaskawa Electric Corp.		1,600		19,610
Yokogawa Electric Corp.		3,900		46,726

				875,539


Transportation 1.6%
Fukuyama Transporting Co., Ltd.		4,000		23,982
Hitachi Transport System, Ltd.		2,600		41,628
Japan Airport Terminal Co., Ltd.		1,300		33,412
Kamigumi Co., Ltd.		7,000		63,089
Keikyu Corp.		2,600		20,878
Keio Corp.		8,000		57,949
Keisei Electric Railway Co., Ltd.		2,600		24,046
Kintetsu World Express, Inc.		500		19,288
Mitsubishi Logistics Corp.		1,500		21,583
Mitsui-Soko Co., Ltd.		1,000		3,951
Nankai Electric Railway Co., Ltd.		13,000		51,619
Nippon Konpo Unyu Soko Co., Ltd.		2,600		44,413
Nishi-Nippon Railroad Co., Ltd.		13,000		50,597
Odakyu Electric Railway Co., Ltd.		6,000		53,958

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Sankyu, Inc.		13,000		57,880
Senko Co., Ltd.		1,000		4,954
Sotetsu Holdings, Inc.		6,000		21,407
The Sumitomo Warehouse Co., Ltd.		1,000		4,963

				599,597


Utilities 0.2%
Shizuoka Gas Co., Ltd.		2,600		15,895
The Okinawa Electric Power Co., Inc.		1,300		42,100

				57,995

				13,350,865

Luxembourg 0.5%


Banks 0.1%
Espirito Santo Financial Group S.A. *		7,865		29,835


Commercial & Professional Services 0.1%
Regus plc		7,631		24,627


Consumer Durables & Apparel 0.1%
Samsonite International S.A.		9,000		28,267


Household & Personal Products 0.0%
Oriflame Cosmetics S.A.		910		22,615


Materials 0.1%
Ternium S.A.		1,639		46,597


Media 0.1%
RTL Group S.A. *		260		30,334


Semiconductors & Semiconductor Equipment 0.0%
Magnachip Semiconductor Corp. *		637		7,911

				190,186

Netherlands 2.1%


Capital Goods 0.7%
Aalberts Industries N.V.		1,417		46,666
AerCap Holdings N.V. *		1,170		55,154
Arcadis N.V.		936		33,112
Koninklijke Boskalis Westminster N.V.		1,261		71,891
Sensata Technologies Holding N.V. *		455		19,515
TKH Group N.V.		780		27,460

				253,798


Commercial & Professional Services 0.2%
USG People N.V.		4,602		72,813


Consumer Durables & Apparel 0.1%
TomTom N.V. *		2,899		21,508


Diversified Financials 0.0%
BinckBank N.V.		1,053		12,315


Energy 0.2%
Core Laboratories N.V.		143		22,858
Koninklijke Vopak N.V.		559		28,509
SBM Offshore N.V. *		2,626		42,767

				94,134


Food & Staples Retailing 0.1%
X5 Retail Group N.V. *		1,794		36,239


Food, Beverage & Tobacco 0.1%
Koninklijke Wessanen N.V.		4,485		27,424


Materials 0.1%
Koninklijke Ten Cate N.V.		936		26,688


Real Estate 0.3%
Corio N.V.		1,092		54,664
Eurocommercial Properties N.V.		390		18,807
Vastned Retail N.V.		442		22,548
Wereldhave N.V.		338		30,150

				126,169


Semiconductors & Semiconductor Equipment 0.2%
ASM International N.V.		689		28,718
NXP Semiconductor N.V. *		663		41,172

				69,890


Telecommunication Services 0.1%
Ziggo N.V.		871		41,105

				782,083

New Zealand 0.6%


Consumer Services 0.1%
SKYCITY Entertainment Group Ltd.		8,450		28,700


Health Care Equipment & Services 0.1%
Fisher & Paykel Healthcare Corp., Ltd.		6,500		25,388


Materials 0.0%
Nuplex Industries Ltd.		7,657		22,755


Media 0.1%
SKY Network Television Ltd.		4,550		25,498


Real Estate 0.0%
Kiwi Income Property Trust		5,798		5,908


Telecommunication Services 0.1%
Chorus Ltd.		15,808		22,885


Transportation 0.1%
Air New Zealand Ltd.		10,764		20,016
Auckland International Airport Ltd.		5,592		18,328
Mainfreight Ltd.		1,170		13,660

				52,004


Utilities 0.1%
Contact Energy Ltd.		5,018		23,221
Infratil Ltd.		8,489		17,624

				40,845

				223,983

Norway 1.3%


Banks 0.1%
SpareBank 1 SR Bank A.S.A.		1,846		18,233
Sparebanken 1 SMN		1,794		15,842

				34,075


Capital Goods 0.1%
Vard Holdings Ltd. *		13,000		11,096
Veidekke A.S.A.		3,003		35,190

				46,286


Commercial & Professional Services 0.0%
Tomra Systems A.S.A.		1,690		14,287


Diversified Financials 0.1%
Aker A.S.A., A Shares		390		14,429


Energy 0.2%
Fred. Olsen Energy A.S.A.		728		19,950
Kvaerner A.S.A.		6,995		13,818

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
TGS Nopec Geophysical Co. A.S.A.		1,573		51,297

				85,065


Food, Beverage & Tobacco 0.1%
Austevoll Seafood A.S.A.		2,132		13,384
Cermaq A.S.A.		1,560		19,195
Leroy Seafood Group A.S.A.		416		13,928

				46,507


Insurance 0.2%
Gjensidige Forsikring A.S.A.		2,327		43,007
Storebrand A.S.A. *		4,654		27,658

				70,665


Media 0.1%
Schibsted A.S.A.		598		35,038


Semiconductors & Semiconductor Equipment 0.2%
REC Silicon A.S.A. *		113,763		72,408


Software & Services 0.1%
Atea A.S.A.		2,158		26,914


Transportation 0.1%
Golden Ocean Group Ltd.		10,790		19,616

				465,290

Portugal 0.4%


Banks 0.1%
Banco BPI S.A. - Reg’d *		8,580		20,372


Food & Staples Retailing 0.2%
Jeronimo Martins, SGPS, S.A.		2,002		34,243
Sonae		26,975		47,336

				81,579


Media 0.1%
ZON OPTIMUS, SGPS, S.A.		2,405		16,343


Utilities 0.0%
REN - Redes Energeticas Nacionais SGPS S.A.		3,913		14,502

				132,796

Singapore 1.8%


Capital Goods 0.3%
Cosco Corp. Singapore Ltd.		26,000		15,140
Sembcorp Marine Ltd.		13,000		42,723
Singapore Technologies Engineering Ltd.		13,000		40,131
United Engineers Ltd.		13,000		24,576

				122,570


Consumer Services 0.1%
Genting Singapore plc		26,000		27,895


Diversified Financials 0.1%
Singapore Exchange Ltd.		4,600		25,281


Food & Staples Retailing 0.1%
Olam International Ltd.		26,000		48,530


Food, Beverage & Tobacco 0.2%
Golden Agri-Resources Ltd.		130,000		59,626


Real Estate 0.6%
Ascendas Real Estate Investment Trust		13,000		25,509
CapitaCommercial Trust		13,000		17,525
CapitaLand Ltd.		26,000		66,159
CapitaMall Trust		13,000		21,465
City Developments Ltd.		6,000		49,583
Global Logistic Properties Ltd.		1,000		2,218
Keppel Land Ltd.		3,000		8,328
Suntec Real Estate Investment Trust		13,000		18,614
UOL Group Ltd.		3,000		15,794

				225,195


Telecommunication Services 0.1%
M1 Ltd.		800		2,259
StarHub Ltd.		13,000		43,553

				45,812


Transportation 0.3%
Hutchison Port Holdings Trust		39,000		29,250
Neptune Orient Lines Ltd. *		39,000		30,642
SATS Ltd.		13,000		32,354
Singapore Post Ltd.		13,000		17,058
SMRT Corp., Ltd.		13,000		15,036

				124,340

				679,249

Spain 2.2%


Banks 0.2%
Bankinter S.A.		7,891		62,603


Capital Goods 0.8%
Abengoa S.A.		15,106		72,042
Construcciones y Auxiliar de Ferrocarriles S.A.		27		12,619
Elecnor S.A.		884		12,774
Gamesa Corp. Tecnologica S.A. *		7,423		86,938
Obrascon Huarte Lain S.A.		754		32,867
Sacyr S.A. *		4,173		28,312
Zardoya Otis S.A.		2,262		40,867

				286,419


Commercial & Professional Services 0.0%
Prosegur Cia de Seguridad S.A.		2,444		17,609


Diversified Financials 0.1%
Bolsas y Mercados Espanoles S.A.		884		40,410


Energy 0.1%
Tecnicas Reunidas S.A.		338		21,048


Food, Beverage & Tobacco 0.2%
Ebro Foods S.A.		1,690		38,396
Viscofan S.A.		520		29,862

				68,258


Insurance 0.2%
Grupo Catalana Occidente S.A.		511		19,280
Mapfre S.A.		15,444		63,138

				82,418


Materials 0.2%
Acerinox S.A.		3,757		64,544


Media 0.2%
Atresmedia Corp de Medios de Comunicaion S.A. *		1,239		19,510
Mediaset Espana Comunicacion S.A. *		3,744		43,349

				62,859

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Almirall S.A. *		1,105		17,883
Grifols S.A.		715		34,635

				52,518


Software & Services 0.1%
Indra Sistemas S.A.		2,990		53,938

				812,624

Sweden 2.4%


Capital Goods 0.4%
Haldex AB		1,443		18,254
Indutrade AB		442		19,851
Lindab International AB *		1,300		15,540
Nibe Industrier AB		715		20,745
Peab AB		6,344		50,574
Saab AB, Class B		1,261		36,152

				161,116


Commercial & Professional Services 0.2%
Intrum Justitia AB		715		22,296
Loomis AB, B Shares		1,261		35,491

				57,787


Consumer Durables & Apparel 0.2%
JM AB		1,469		54,100
Nobia AB		2,431		21,564

				75,664


Diversified Financials 0.2%
L E Lundbergforetagen AB, B Shares		546		26,982
Ratos AB, B Shares		6,227		60,455

				87,437


Energy 0.1%
Lundin Petroleum AB *		871		17,069


Food & Staples Retailing 0.1%
Axfood AB		481		26,283


Food, Beverage & Tobacco 0.0%
AarhusKarlshamn AB		221		14,524


Health Care Equipment & Services 0.1%
Elekta AB, B Shares		1,625		21,043


Materials 0.3%
BillerudKorsnas AB		2,223		33,446
Hexpol AB		195		18,684
Holmen AB, B Shares		1,365		49,780

				101,910


Media 0.2%
Eniro AB *		3,016		23,998
Modern Times Group AB, B Shares		949		44,668

				68,666


Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Meda AB, A Shares		3,029		53,101


Real Estate 0.2%
Castellum AB		1,300		22,401
Fabege AB		1,690		23,909
Kungsleden AB		2,795		21,863

				68,173


Retailing 0.1%
Bilia AB		702		21,807
Clas Ohlson AB, B Shares		780		17,808
KappAhl AB *		2,171		12,675

				52,290


Technology Hardware & Equipment 0.1%
Hexagon AB, B Shares		1,235		38,882


Transportation 0.1%
SAS AB *		10,270		19,526

				863,471

Switzerland 3.1%


Banks 0.1%
Banque Cantonale Vaudoise - Reg’d		39		21,639
Valiant Holding AG - Reg’d		221		23,671

				45,310


Capital Goods 0.8%
AFG Arbonia-Forster Holding AG - Reg’d *		546		17,376
Belimo Holding AG - Reg’d		4		10,766
Bucher Industries AG - Reg’d		78		25,849
Daetwyler Holding AG		104		16,508
Georg Fischer AG - Reg’d *		85		64,181
Implenia AG - Reg’d *		234		17,538
Meyer Burger Technology AG *		1,365		18,858
OC Oerlikon Corp. AG - Reg’d *		1,846		28,290
Rieter Holding AG - Reg’d *		91		20,960
Sulzer AG - Reg’d		364		55,377
Zehnder Group AG		273		11,895

				287,598


Commercial & Professional Services 0.2%
DKSH Holding AG		286		22,347
Gategroup Holding AG *		936		25,233
Kaba Holding AG, B Shares - Reg’d *		39		18,269

				65,849


Consumer Durables & Apparel 0.0%
Forbo Holding AG - Reg’d *		17		17,258


Consumer Services 0.1%
Kuoni Reisen Holding AG - Reg’d *		73		31,766


Diversified Financials 0.2%
Julius Baer Group Ltd. *		1,248		54,111
Partners Group Holding AG		78		20,731

				74,842


Food, Beverage & Tobacco 0.1%
Barry Callebaut AG - Reg’d *		18		23,820
Emmi AG *		65		22,995

				46,815


Health Care Equipment & Services 0.3%
Nobel Biocare Holding AG - Reg’d *		2,301		34,362
Sonova Holding AG - Reg’d *		299		45,689
Straumann Holding AG - Reg’d		91		20,247

				100,298


Insurance 0.1%
Helvetia Holding AG - Reg’d		78		37,235


Materials 0.2%
Ems-Chemie Holding AG - Reg’d		78		29,317

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Schmolz + Bickenbach AG - Reg’d *		18,330		30,552

				59,869


Pharmaceuticals, Biotechnology & Life Sciences 0.3%
Actelion Ltd. - Reg’d *		650		64,713
Galenica AG - Reg’d		43		42,569

				107,282


Real Estate 0.1%
Allreal Holding AG - Reg’d *		78		10,680
Swiss Prime Site AG - Reg’d *		351		28,270

				38,950


Retailing 0.2%
Dufry AG - Reg’d *		169		27,979
Valora Holding AG - Reg’d *		117		31,437

				59,416


Software & Services 0.0%
Temenos Group AG - Reg’d *		468		16,910


Technology Hardware & Equipment 0.2%
Logitech International S.A. - Reg’d		4,173		54,850


Transportation 0.2%
Flughafen Zuerich AG - Reg’d		39		24,366
Panalpina Welttransport Holding AG - Reg’d		325		53,006

				77,372

				1,121,620

United Kingdom 12.7%


Banks 0.0%
Paragon Group of Cos. plc		2,340		14,746


Capital Goods 1.5%
Ashtead Group plc		4,069		60,095
Bodycote plc		3,003		37,577
Chemring Group plc		5,850		22,029
Fenner plc		3,120		18,317
Galliford Try plc		1,677		31,786
Interserve plc		3,292		35,699
Keller Group plc		1,846		29,540
Kier Group plc		1,014		28,880
Lavendon Group plc		4,173		15,749
Melrose Industries plc		6,565		30,833
Morgan Advanced Materials plc		5,759		32,766
Morgan Sindall Group plc		2,119		28,914
Qinetiq Group plc		14,807		51,908
Rotork plc		533		23,272
Senior plc		4,654		23,123
Speedy Hire plc		18,395		17,047
Spirax-Sarco Engineering plc		663		31,794
Ultra Electronics Holdings plc		767		23,801

				543,130


Commercial & Professional Services 1.4%
Babcock International Group plc		2,795		56,915
Berendsen plc		3,393		56,571
Cape plc		4,433		22,586
De La Rue plc		2,964		42,707
HomeServe plc		5,083		28,801
Intertek Group plc		949		46,449
Mears Group plc		1,872		14,821
Michael Page International plc		5,967		45,910
Mitie Group plc		8,437		47,451
Rentokil Initial plc		28,678		56,761
RPS Group plc		4,745		23,153
Shanks Group plc		15,249		27,368
WS Atkins plc		1,248		27,485

				496,978


Consumer Durables & Apparel 0.4%
Bellway plc		2,041		47,244
Berkeley Group Holdings plc		819		30,978
Bovis Homes Group plc		1,417		18,028
Guinness Peat Group plc *		66,391		38,333
Redrow plc		3,138		14,122

				148,705


Consumer Services 0.8%
Betfair Group plc		1,261		20,982
Enterprise Inns plc *		26,182		59,638
Greene King plc		3,653		52,389
J.D. Wetherspoon plc		2,210		29,767
Marston’s plc		14,802		37,491
Mitchells & Butlers plc *		7,033		49,641
Spirit Pub Co. plc		11,440		15,447
The Restaurant Group plc		2,210		22,168

				287,523


Diversified Financials 1.5%
3i Group plc		2,899		21,002
Aberdeen Asset Management plc		5,850		43,675
Ashmore Group plc		3,510		20,801
Close Brothers Group plc		1,833		40,800
Henderson Group plc		12,805		53,589
IG Group Holdings plc		3,926		39,610
Intermediate Capital Group plc		5,135		36,012
International Personal Finance plc		3,367		34,394
Investec plc		6,890		59,807
Jupiter Fund Management plc		3,250		21,876
London Stock Exchange Group plc		2,119		69,593
Provident Financial plc		1,781		62,496
Schroders plc		637		27,631
Schroders plc, Non-Voting Shares		247		8,154
Tullett Prebon plc		5,369		26,098

				565,538


Energy 0.6%
Asia Resource Minerals plc *		5,135		17,076
EnQuest plc *		9,282		21,906
Hargreaves Services plc		793		10,355
Hunting plc		1,560		21,457
Petrofac Ltd.		2,405		50,909
Premier Oil plc		4,615		27,248
Subsea 7 S.A.		2,873		57,474

				206,425


Food & Staples Retailing 0.2%
Booker Group plc		23,621		56,420
Greggs plc		3,952		34,603

				91,023


Food, Beverage & Tobacco 0.3%
Britvic plc		2,210		27,672
Cranswick plc		1,173		24,909
Dairy Crest Group plc		4,732		37,067

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
Greencore Group plc		6,110		29,865

				119,513


Health Care Equipment & Services 0.0%
Synergy Health plc		767		16,313


Household & Personal Products 0.1%
PZ Cussons plc		3,501		20,671


Insurance 0.9%
Admiral Group plc		2,145		52,458
Beazley plc		6,370		26,135
Catlin Group Ltd.		6,695		58,788
Direct Line Insurance Group plc		6,344		26,954
Hiscox Ltd.		4,602		52,529
Jardine Lloyd Thompson Group plc		1,300		22,612
Lancashire Holdings Ltd.		4,342		47,267
Phoenix Group Holdings		3,172		34,584

				321,327


Materials 1.1%
African Barrick Gold plc		4,810		17,508
Alent plc		3,198		17,380
Croda International plc		988		43,635
DS Smith plc		11,700		62,309
Elementis plc		4,810		23,075
Essentra plc		1,703		22,552
Evraz plc *		31,304		55,028
Hill & Smith Holdings plc		1,677		15,527
Lonmin plc *		10,140		43,694
Petropavlovsk plc		16,900		16,583
Randgold Resources Ltd.		325		23,752
RPC Group plc		2,704		27,622
Synthomer plc		3,133		13,774
Victrex plc		650		19,679

				402,118


Media 0.3%
Cineworld Group plc		2,600		14,980
Trinity Mirror plc *		15,561		42,088
UBM plc		5,174		58,451

				115,519


Pharmaceuticals, Biotechnology & Life Sciences 0.1%
Genus plc		559		10,033
Hikma Pharmaceuticals plc		741		21,191

				31,224


Real Estate 0.6%
Derwent London plc		377		17,308
Hammerson plc		6,396		63,726
Intu Properties plc		7,904		41,762
Savills plc		2,106		22,431
SEGRO plc		9,646		59,784
Songbird Estates plc *		6,357		27,031

				232,042


Retailing 0.8%
Darty plc		25,415		36,768
Debenhams plc		37,375		47,739
Halfords Group plc		6,396		52,236
Howden Joinery Group plc		3,029		16,223
John Menzies plc		1,365		15,226
Lookers plc		9,269		22,077
Mothercare plc *		3,900		11,939
N Brown Group plc		2,262		17,795
Sports Direct International plc *		1,729		22,810
WH Smith plc		2,769		48,071

				290,884


Semiconductors & Semiconductor Equipment 0.1%
ARM Holdings plc		2,249		34,706
CSR plc		2,028		20,172

				54,878


Software & Services 0.3%
Aveva Group plc		338		12,694
Computacenter plc		3,302		33,896
Fidessa Group plc		364		14,135
Micro Focus International plc		1,612		22,645
Xchanging plc		6,890		17,422

				100,792


Technology Hardware & Equipment 0.8%
Domino Printing Sciences plc		1,430		18,673
Electrocomponents plc		10,088		48,411
Halma plc		3,393		33,692
Laird plc		7,384		37,194
Pace plc		3,965		24,954
Premier Farnell plc		7,540		27,002
Spectris plc		1,183		45,560
Spirent Communications plc		13,182		23,106
TT electronics plc		5,135		17,786

				276,378


Telecommunication Services 0.2%
Kcom Group plc		9,438		14,683
TalkTalk Telecom Group plc		7,709		41,482

				56,165


Transportation 0.7%
BBA Aviation plc		7,917		41,592
easyJet plc		1,846		47,375
Go-Ahead Group plc		1,105		40,776
Northgate plc		6,071		53,156
Stagecoach Group plc		5,681		37,135
Stobart Group Ltd.		6,227		15,589
Stolt-Nielsen Ltd.		702		19,332

				254,955

				4,646,847

Total Common Stock
(Cost $34,722,215)				36,319,057




Other Investment Companies 0.2% of net assets

United States 0.2%


Equity Fund 0.1%
iShares MSCI EAFE Small - Cap ETF		300		15,792


Money Market Fund 0.1%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (a)		40,121		40,121

Total Other Investment Companies
(Cost $54,108)				55,913

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)

Preferred Stock 0.4% of net assets

Germany 0.3%


Automobiles & Components 0.1%
Porsche Automobil Holding SE		533		56,984


Capital Goods 0.1%
Jungheinrich AG		299		21,706


Health Care Equipment & Services 0.0%
Draegerwerk AG & Co. KGaA		91		9,477


Materials 0.1%
Fuchs Petrolub SE		338		32,055

				120,222

Italy 0.1%


Insurance 0.1%
Unipol Gruppo Finanziario S.p.A.		5,681		32,093

Total Preferred Stock
(Cost $143,470)				152,315




Rights 0.0% of net assets

Italy 0.0%


Banks 0.0%
Credito Valtellinese Scarl *		16,280		11,108

Total Rights
(Cost $8,482)				11,108



End of Investments.

At 05/31/14, the tax basis cost of the fund’s investments was $34,928,344 and the unrealized appreciation and depreciation were $2,411,602 and ($801,553), respectively, with a net unrealized appreciation of $1,610,049.


*		Non-income producing security.
(a)		The rate shown is the 7-day yield.


CDI —		CHESS Depositary Interest
ETF —		Exchange Traded Fund
Reg’d —		Registered
REIT —		Real Estate Investment Trust

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 funds 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.

Schwab Fundamental International Small Company Index ETF

Portfolio Holdings (Unaudited) continued


	•	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 and ETFs. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, 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.


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

Common Stock¹		$36,319,057		$—		$—		$36,319,057
Other Investment Companies¹		55,913		—		—		55,913
Preferred Stock¹		152,315		—		—		152,315
Rights¹		11,108		—		—		11,108

Total		$36,538,393		$—		$—		$36,538,393


¹		As categorized in portfolio holdings.

Schwab Strategic Trust
Schwab Fundamental Emerging Markets Large Company Index ETF

Portfolio Holdings as of May 31, 2014 (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				($)		($)

	88	.3%	Common Stock		24,877,693		26,059,468
	1	.9%	Other Investment Companies		450,422		556,830
	9	.5%	Preferred Stock		2,812,370		2,813,585


	99	.7%	Total Investments		28,140,485		29,429,883
	0	.3%	Other Assets and Liabilities, Net				80,556


	100	.0%	Net Assets				29,510,439


	Number		Value
Security	of Shares		($)

Common Stock 88.3% of net assets

Brazil 5.6%


Banks 0.9%
Banco Bradesco S.A.		6,765		96,391
Banco do Brasil S.A.		12,178		123,623
Itau Unibanco Holding S.A.		2,596		37,429

				257,443


Capital Goods 0.2%
Embraer S.A.		5,720		51,996


Diversified Financials 0.1%
BM&FBovespa S.A.		8,470		41,462


Energy 1.7%
Petroleo Brasileiro S.A.		59,554		417,904
Ultrapar Participacoes S.A.		3,685		88,468

				506,372


Food, Beverage & Tobacco 0.6%
AMBEV S.A.		9,497		67,151
BRF S.A.		2,553		54,872
JBS S.A.		13,715		45,858

				167,881


Materials 1.3%
Companhia Siderurgica Nacional S.A.		22,000		84,251
Usinas Siderurgicas de Minas Gerais S.A. *		4,000		12,715
Vale S.A.		22,847		289,273

				386,239


Software & Services 0.1%
Cielo S.A.		2,750		49,077


Telecommunication Services 0.2%
Oi S.A.		4,400		4,021
Tim Participacoes S.A.		8,800		47,707

				51,728


Utilities 0.5%
Centrais Eletricas Brasileiras S.A.		16,588		48,735
Cia Energetica de Minas Gerais		1,738		12,397
Companhia de Saneamento Basico do Estado de Sao Paulo		4,169		40,481
CPFL Energia S.A.		4,796		38,915

				140,528

				1,652,726

Chile 0.8%


Energy 0.2%
Empresas COPEC S.A.		4,378		58,187


Food & Staples Retailing 0.1%
Cencosud S.A.		10,912		38,482


Utilities 0.5%
Empresa Nacional de Electricidad S.A.		28,820		42,289
Enersis S.A.		340,989		110,403

				152,692

				249,361

China 12.9%


Automobiles & Components 0.2%
Dongfeng Motor Group Co., Ltd., H Shares		27,500		42,210


Banks 4.9%
Agricultural Bank of China Ltd., H Shares		165,000		73,637
Bank of China Ltd., H Shares		726,000		345,538
Bank of Communications Co., Ltd., H Shares		55,000		36,818
BOC Hong Kong Holdings Ltd.		19,500		58,729
China Construction Bank Corp., H Shares		715,000		524,749
China Merchants Bank Co., Ltd., H Shares		22,000		40,521
Industrial & Commercial Bank of China Ltd., H Shares		572,000		371,843

				1,451,835


Capital Goods 0.3%
China Communications Construction Co., Ltd., H Shares		66,000		44,097
China Railway Group Ltd., H Shares		66,000		30,731

				74,828


Consumer Durables & Apparel 0.1%
Yue Yuen Industrial Holdings Ltd.		11,000		34,052


Energy 3.7%
China Petroleum & Chemical Corp., H Shares		471,000		427,080
China Shenhua Energy Co., Ltd., H Shares		29,500		80,856
CNOOC Ltd.		139,000		238,451

Schwab Fundamental Emerging Markets Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)
PetroChina Co., Ltd., H Shares		276,000		329,294

				1,075,681


Food & Staples Retailing 0.1%
China Resources Enterprise Ltd.		12,000		33,665


Insurance 0.7%
China Life Insurance Co., Ltd., H Shares		34,000		93,409
China Pacific Insurance (Group) Co., Ltd., H Shares		8,800		29,398
People’s Insurance Co. Group of China Ltd., H Shares		77,000		30,987
Ping An Insurance Group Co. of China Ltd., H Shares		5,500		42,529

				196,323


Materials 0.1%
China National Building Material Co., Ltd., H Shares		30,000		27,125


Real Estate 0.1%
China Overseas Land & Investment Ltd.		14,200		36,998


Retailing 0.2%
Belle International Holdings Ltd.		28,000		27,773
GOME Electrical Appliances Holdings Ltd.		242,000		40,578

				68,351


Technology Hardware & Equipment 0.1%
Lenovo Group Ltd.		34,000		42,100


Telecommunication Services 2.4%
China Mobile Ltd.		52,000		508,735
China Telecom Corp., Ltd., H Shares		220,000		110,668
China Unicom (Hong Kong) Ltd.		66,000		98,749

				718,152

				3,801,320

Colombia 0.3%


Banks 0.1%
Bancolombia S.A.		1,375		18,505


Energy 0.2%
Ecopetrol S.A.		36,608		66,013

				84,518

Czech Republic 0.5%


Telecommunication Services 0.2%
Telefonica Czech Republic A/S		3,146		45,600


Utilities 0.3%
CEZ A/S		3,355		98,226

				143,826

Egypt 0.2%


Telecommunication Services 0.2%
Global Telecom Holding GDR *		17,369		63,744

Greece 1.6%


Banks 0.7%
Alpha Bank AE *		76,131		71,680
National Bank of Greece S.A. *		14,146		50,574
Piraeus Bank S.A. *		31,581		77,569

				199,823


Consumer Services 0.5%
OPAP S.A.		8,272		140,643


Telecommunication Services 0.2%
Hellenic Telecommunications Organization S.A. *		5,489		78,720


Utilities 0.2%
Public Power Corp. S.A.		3,927		58,945

				478,131

Hungary 0.7%


Banks 0.3%
OTP Bank plc		3,289		71,923


Energy 0.3%
MOL Hungarian Oil & Gas plc		1,485		85,683


Telecommunication Services 0.1%
Magyar Telekom Telecommunications plc *		26,950		39,831

				197,437

India 2.5%


Automobiles & Components 0.3%
Mahindra & Mahindra Ltd. GDR		1,969		40,620
Tata Motors Ltd. ADR		1,232		45,880

				86,500


Banks 0.5%
ICICI Bank Ltd. ADR		1,452		72,121
State Bank of India GDR - Reg’d		748		64,104

				136,225


Energy 1.1%
Reliance Industries Ltd. GDR (a)		9,218		329,728


Materials 0.2%
Tata Steel Ltd. GDR *		9,317		73,604


Software & Services 0.4%
Infosys Ltd. ADR		2,200		113,146

				739,203

Indonesia 0.8%


Automobiles & Components 0.3%
PT Astra International Tbk		128,700		77,992


Banks 0.1%
PT Bank Rakyat Indonesia (Persero) Tbk		44,800		39,140


Energy 0.1%
PT Bumi Resources Tbk *		1,492,700		25,571

Schwab Fundamental Emerging Markets Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Telecommunication Services 0.3%
PT Telekomunikasi Indonesia (Persero) Tbk		467,500		103,110

				245,813

Malaysia 1.7%


Banks 0.6%
CIMB Group Holdings Berhad		19,800		45,232
Malayan Banking Berhad		16,500		50,738
Public Bank Berhad		11,000		73,950

				169,920


Capital Goods 0.2%
Sime Darby Berhad		22,000		65,390


Consumer Services 0.1%
Genting Berhad		13,200		39,974


Food, Beverage & Tobacco 0.1%
IOI Corp. Berhad		22,000		33,757


Telecommunication Services 0.4%
Axiata Group Berhad		26,400		56,941
Telekom Malaysia Berhad		24,200		46,547

				103,488


Utilities 0.3%
Tenaga Nasional Berhad		22,000		82,577

				495,106

Mexico 3.5%


Banks 0.4%
Grupo Financiero Banorte S.A.B. de C.V., O Shares		5,500		39,740
Grupo Financiero Santander Mexico S.A.B. de C.V. ADR		5,247		70,310

				110,050


Capital Goods 0.2%
Alfa S.A.B. de C.V., A Shares		15,950		44,596


Food & Staples Retailing 0.3%
Wal-Mart de Mexico S.A.B. de C.V., Series V		35,200		89,583


Food, Beverage & Tobacco 0.5%
Coca-Cola Femsa S.A.B. de C.V., Series L		3,300		37,933
Fomento Economico Mexicano S.A.B. de C.V.		8,900		84,404
Grupo Bimbo S.A.B. de C.V., Series A		12,100		34,978

				157,315


Materials 0.9%
Cemex S.A.B. de C.V., Series CPO *		155,232		199,762
Grupo Mexico S.A.B. de C.V., Series B		23,100		76,004

				275,766


Media 0.3%
Grupo Televisa S.A.B., Series CPO		14,300		96,511


Telecommunication Services 0.9%
America Movil S.A.B. de C.V., Series L		277,200		267,754

				1,041,575

Philippines 0.2%


Telecommunication Services 0.2%
Philippine Long Distance Telephone Co.		935		60,261

Poland 2.4%


Banks 0.4%
Bank Pekao S.A.		770		47,136
Powszechna Kasa Oszczednosci Bank Polski S.A.		5,423		72,657

				119,793


Energy 0.5%
Polski Koncern Naftowy Orlen S.A.		10,890		151,582


Insurance 0.2%
Powszechny Zaklad Ubezpieczen S.A.		396		58,336


Materials 0.5%
KGHM Polska Miedz S.A.		3,454		132,105


Telecommunication Services 0.3%
Orange Polska S.A.		29,491		101,700


Utilities 0.5%
PGE S.A.		12,914		89,281
Tauron Polska Energia S.A.		30,470		53,694

				142,975

				706,491

Republic of Korea 19.0%


Automobiles & Components 2.0%
Hyundai Mobis		484		136,632
Hyundai Motor Co.		1,452		319,520
Kia Motors Corp.		2,376		136,942

				593,094


Banks 1.3%
Hana Financial Group, Inc.		2,090		75,901
KB Financial Group, Inc.		2,530		86,177
Shinhan Financial Group Co., Ltd.		3,850		167,367
Woori Finance Holdings Co., Ltd. *		4,522		53,189

				382,634


Capital Goods 3.3%
Daelim Industrial Co., Ltd.		440		34,762
Daewoo Shipbuilding & Marine Engineering Co., Ltd.		1,210		31,845
Doosan Corp.		275		34,368
Doosan Heavy Industries & Construction Co., Ltd.		930		30,584
Hyundai Engineering & Construction Co., Ltd.		627		32,819
Hyundai Heavy Industries Co., Ltd.		682		123,672
LG Corp.		4,290		255,247
Samsung C&T Corp.		1,738		124,362
Samsung Heavy Industries Co., Ltd.		1,540		42,492
SK Holdings Co., Ltd.		1,056		190,457
SK Networks Co., Ltd. *		7,480		69,506

				970,114


Consumer Durables & Apparel 0.8%
LG Electronics, Inc.		3,476		248,383

Schwab Fundamental Emerging Markets Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Energy 1.0%
GS Holdings		1,984		84,303
S-Oil Corp.		891		48,122
SK Innovation Co., Ltd.		1,453		151,681

				284,106


Food & Staples Retailing 0.1%
E-Mart Co., Ltd.		198		45,415


Food, Beverage & Tobacco 0.3%
KT&G Corp.		1,012		82,333


Insurance 0.4%
Samsung Fire & Marine Insurance Co., Ltd.		275		70,084
Samsung Life Insurance Co., Ltd.		418		40,932

				111,016


Materials 2.4%
Cheil Industries, Inc.		484		31,501
Hanwha Corp.		2,090		55,518
Hyosung Corp.		506		33,876
Hyundai Steel Co.		891		60,087
LG Chem Ltd.		473		120,545
Lotte Chemical Corp.		220		34,719
POSCO		1,287		364,578

				700,824


Retailing 0.3%
Lotte Shopping Co., Ltd.		110		32,131
Shinsegae Co., Ltd.		209		42,816

				74,947


Semiconductors & Semiconductor Equipment 4.5%
Samsung Electronics Co., Ltd.		832		1,176,804
SK Hynix, Inc. *		3,190		138,050

				1,314,854


Software & Services 0.7%
NAVER Corp.		66		49,038
SK C&C Co., Ltd.		1,023		165,954

				214,992


Technology Hardware & Equipment 0.7%
LG Display Co., Ltd. *		5,170		137,586
Samsung Electro-Mechanics Co., Ltd.		528		32,554
Samsung SDI Co., Ltd.		319		47,371

				217,511


Telecommunication Services 0.6%
LG Uplus Corp.		4,510		42,395
SK Telecom Co., Ltd.		646		138,989

				181,384


Utilities 0.6%
Korea Electric Power Corp.		4,730		181,281

				5,602,888

Russia 12.7%


Banks 0.6%
Sberbank of Russia *		71,280		172,802


Energy 10.3%
Gazprom OAO *		302,890		1,231,347
LUKOIL OAO *		20,823		1,175,693
NOVATEK OAO GDR - Reg’d		616		71,456
Rosneft OJSC GDR - Reg’d *		8,709		56,800
Surgutneftegas OAO *		495,000		356,299
Tatneft OAO *		23,540		136,489

				3,028,084


Materials 1.0%
MMC Norilsk Nickel OJSC *		1,166		222,658
Severstal OAO GDR - Reg’d		5,428		46,328
Uralkali OJSC GDR - Reg’d		970		21,650

				290,636


Telecommunication Services 0.7%
Mobile Telesystems OJSC ADR		6,281		116,136
Sistema JSFC GDR - Reg’d *		3,223		92,339

				208,475


Utilities 0.1%
Russian Grids OAO *		2,255,000		33,448

				3,733,445

South Africa 7.5%


Banks 0.8%
Barclays Africa Group Ltd.		3,399		49,490
Nedbank Group Ltd.		1,980		41,507
Standard Bank Group Ltd.		11,473		153,551

				244,548


Capital Goods 0.7%
Aveng Ltd. *		20,273		45,282
Barloworld Ltd.		5,258		50,047
Bidvest Group Ltd.		3,905		108,523

				203,852


Consumer Durables & Apparel 0.2%
Steinhoff International Holdings Ltd.		13,035		65,903


Diversified Financials 0.4%
FirstRand Ltd.		23,650		89,002
Remgro Ltd.		1,606		33,276

				122,278


Energy 1.4%
Sasol Ltd.		7,249		407,704


Food & Staples Retailing 0.1%
Shoprite Holdings Ltd.		2,530		39,443


Food, Beverage & Tobacco 0.1%
Tiger Brands Ltd.		1,397		39,599


Insurance 0.3%
Sanlam Ltd.		12,683		70,834


Materials 1.4%
Anglo American Platinum Ltd. *		913		38,905
AngloGold Ashanti Ltd. *		3,751		58,439
ArcelorMittal South Africa Ltd. *		11,110		37,790
Gold Fields Ltd.		21,157		74,263
Impala Platinum Holdings Ltd.		9,889		103,490
Kumba Iron Ore Ltd.		1,243		37,932
Sappi Ltd. *		13,970		48,706

				399,525


Media 0.2%
Naspers Ltd., N Shares		638		70,332


Retailing 0.2%
Imperial Holdings Ltd.		2,772		52,508

Schwab Fundamental Emerging Markets Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Telecommunication Services 1.7%
MTN Group Ltd.		16,753		353,081
Telkom S.A. SOC Ltd. *		30,613		111,938
Vodacom Group Ltd.		3,410		41,344

				506,363

				2,222,889

Taiwan 12.8%


Banks 0.3%
CTBC Financial Holding Co., Ltd.		55,980		35,658
Mega Financial Holding Co., Ltd.		48,990		40,926

				76,584


Capital Goods 0.3%
Far Eastern New Century Corp.		48,000		49,624
Walsin Lihwa Corp. *		110,000		36,868

				86,492


Consumer Durables & Apparel 0.1%
Pou Chen Corp.		33,000		36,428


Diversified Financials 0.2%
Fubon Financial Holding Co., Ltd.		36,000		51,805


Energy 0.2%
Formosa Petrochemical Corp.		24,000		58,668


Food, Beverage & Tobacco 0.2%
Uni-President Enterprises Corp.		29,000		50,775


Insurance 0.1%
Cathay Financial Holding Co., Ltd.		30,016		45,947


Materials 2.0%
China Steel Corp.		154,000		126,341
Formosa Chemicals & Fibre Corp.		61,000		146,267
Formosa Plastics Corp.		55,000		140,685
Nan Ya Plastics Corp.		60,000		134,865
Taiwan Cement Corp.		34,000		50,571

				598,729


Semiconductors & Semiconductor Equipment 2.9%
Advanced Semiconductor Engineering, Inc.		50,000		63,364
MediaTek, Inc.		8,000		129,929
Siliconware Precision Industries Co.		40,000		64,031
Taiwan Semiconductor Manufacturing Co., Ltd.		124,000		494,172
United Microelectronics Corp.		198,000		92,775

				844,271


Technology Hardware & Equipment 5.8%
Acer, Inc. *		143,000		92,995
Asustek Computer, Inc.		17,000		187,657
AU Optronics Corp. *		374,000		142,812
Compal Electronics, Inc.		176,000		144,977
Delta Electronics, Inc.		11,400		74,136
Hon Hai Precision Industry Co., Ltd.		142,700		439,729
HTC Corp.		26,000		138,734
Innolux Corp. *		121,000		47,818
Inventec Corp.		60,000		56,027
Lite-On Technology Corp.		36,000		58,348
Pegatron Corp.		39,000		75,436
Quanta Computer, Inc.		34,000		91,504
Synnex Technology International Corp.		26,000		42,097
Wistron Corp.		77,000		65,482
WPG Holdings Ltd.		33,000		46,002

				1,703,754


Telecommunication Services 0.7%
Chunghwa Telecom Co., Ltd.		45,500		145,670
Far EasTone Telecommunications Co., Ltd.		15,000		34,067
Taiwan Mobile Co., Ltd.		11,000		36,281

				216,018

				3,769,471

Thailand 1.0%


Energy 0.7%
PTT Exploration & Production PCL NVDR		9,900		46,288
PTT PCL NVDR		16,000		143,284
Thai Oil PCL NVDR		20,200		30,611

				220,183


Materials 0.1%
PTT Global Chemical PCL NVDR		20,900		43,767


Telecommunication Services 0.2%
Advanced Info Service PCL NVDR		6,600		46,037

				309,987

Turkey 1.6%


Banks 0.7%
Akbank T.A.S.		13,959		54,524
Turkiye Garanti Bankasi A/S		15,565		63,548
Turkiye Halk Bankasi A/S		5,500		42,809
Turkiye Is Bankasi, C Shares		17,490		49,859

				210,740


Capital Goods 0.2%
KOC Holding A/S		12,320		60,888


Diversified Financials 0.2%
Haci Omer Sabanci Holding A/S		9,075		44,201


Energy 0.3%
Tupras-Turkiye Petrol Rafinerileri A/S		3,278		79,829


Telecommunication Services 0.2%
Turkcell Iletisim Hizmetleri A/S *		10,450		65,618

				461,276

Total Common Stock
(Cost $24,877,693)				26,059,468




Other Investment Companies 1.9% of net assets

United States 1.9%


Equity Funds 1.9%
iShares India 50 ETF		7,227		201,344
iShares MSCI Emerging Markets ETF		1,300		55,315
WisdomTree India Earnings Fund		13,453		288,971

				545,630

Schwab Fundamental Emerging Markets Large Company Index ETF

Portfolio Holdings (Unaudited) continued


	Number		Value
Security	of Shares		($)


Money Market Fund 0.0%
State Street Institutional U.S. Government Money Market Fund, Institutional Class 0.00% (b)		11,200		11,200

Total Other Investment Companies
(Cost $450,422)				556,830




Preferred Stock 9.5% of net assets

Brazil 7.7%


Banks 2.1%
Banco Bradesco S.A.		14,520		202,033
Itau Unibanco Holding S.A.		24,651		383,549
Itausa - Investimentos Itau S.A.		12,124		46,160

				631,742


Energy 2.3%
Petroleo Brasileiro S.A.		89,848		668,537


Materials 2.2%
Bradespar S.A.		3,520		29,189
Gerdau S.A.		19,492		115,837
Metalurgica Gerdau S.A.		13,600		98,890
Usinas Siderurgicas de Minas Gerais S.A., A Shares *		9,900		34,824
Vale S.A.		31,504		360,118

				638,858


Telecommunication Services 0.3%
Oi S.A.		23,683		20,483
Telefonica Brasil S.A.		4,103		81,857

				102,340


Utilities 0.8%
Centrais Eletricas Brasileiras S.A., B Shares		13,398		57,820
Companhia Energetica de Minas Gerais		14,751		102,456
Companhia Paranaense de Energia - Copel, B Shares		2,453		35,247
Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A.		13,431		53,591

				249,114

				2,290,591

Colombia 0.1%


Banks 0.1%
Bancolombia S.A.		2,002		27,912

Republic of Korea 0.9%


Automobiles & Components 0.3%
Hyundai Motor Co.		220		31,053
Hyundai Motor Co. 2nd		297		43,959

				75,012


Consumer Durables & Apparel 0.1%
LG Electronics, Inc.		560		19,733


Materials 0.0%
LG Chem Ltd.		77		12,378


Semiconductors & Semiconductor Equipment 0.5%
Samsung Electronics Co., Ltd.		140		151,911

				259,034

Russia 0.8%


Energy 0.8%
AK Transneft OAO *		101		231,505


Telecommunication Services 0.0%
Rostelecom OJSC *		2,900		4,543

				236,048

Total Preferred Stock
(Cost $2,812,370)				2,813,585



End of Investments.

At 05/31/14, the tax basis cost of the fund’s investments was $28,188,974 and the unrealized appreciation and depreciation were $2,049,336 and ($808,427), respectively, with a net unrealized appreciation of $1,240,909.


*		Non-income producing security.
(a)		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 $329,728 or 1.1% of net assets.
(b)		The rate shown is the 7-day yield.


ADR —		American Depositary Receipt
ETF —		Exchange Traded Fund
GDR —		Global Depositary Receipt
NVDR —		Non-Voting Depositary Receipt
Reg’d —		Registered

Schwab Fundamental Emerging Markets Large Company Index 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 funds 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 and ETFs. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, 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

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 22, 2014

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 22, 2014


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