NPORT-EX 2 NPORT_2ME7_85119885_0523.htm EDGAR HTML
Schwab Strategic Trust
Schwab International Dividend Equity ETF
Portfolio Holdings as of May 31, 2023 (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. You can also obtain this information at no cost by calling 1-866-414-6349 or by sending an email request to orders@mysummaryprospectus.com.  
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 99.4% OF NET ASSETS
 
Australia 11.8%
Ampol Ltd.
222,217
4,517,000
Aurizon Holdings Ltd.
1,717,070
3,955,878
BHP Group Ltd.
894,820
24,333,055
Harvey Norman Holdings Ltd.
603,084
1,315,263
Rio Tinto Ltd.
341,274
23,631,532
Wesfarmers Ltd.
853,436
26,328,191
 
84,080,919
 
Belgium 0.1%
Proximus SADP
90,863
703,463
 
Canada 8.8%
BCE, Inc.
174,923
7,880,736
Great-West Lifeco, Inc.
79,767
2,255,165
Quebecor, Inc., Class B
89,469
2,130,590
Sun Life Financial, Inc.
173,021
8,369,110
The Bank of Nova Scotia
351,585
16,959,780
The Toronto-Dominion Bank
445,372
25,176,476
 
62,771,857
 
China 4.3%
Anhui Conch Cement Co., Ltd., H Shares
488,697
1,298,489
China Construction Bank Corp., H Shares
27,029,564
17,298,645
China Life Insurance Co., Ltd., H Shares
2,038,642
3,442,768
China Shenhua Energy Co., Ltd., H Shares
1,154,696
3,650,717
PICC Property & Casualty Co., Ltd.,
H Shares
1,894,493
2,257,927
The People's Insurance Co. Group of China
Ltd., H Shares
2,257,280
853,518
Tingyi Cayman Islands Holding Corp.
581,122
871,507
Want Want China Holdings Ltd.
1,561,778
1,045,408
 
30,718,979
 
Finland 3.6%
Elisa Oyj
87,603
4,893,824
Kesko Oyj, B Shares
104,121
1,963,096
Kone Oyj, B Shares
376,524
19,055,045
 
25,911,965
 
Germany 7.7%
Deutsche Post AG
653,766
29,308,016
E.ON SE
2,095,840
25,270,790
 
54,578,806
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
India 2.3%
Colgate-Palmolive (India) Ltd.
41,799
804,055
HCL Technologies Ltd.
361,943
5,009,687
Indian Oil Corp., Ltd.
1,301,652
1,416,004
ITC Ltd.
931,014
5,013,383
Petronet LNG Ltd.
257,755
703,646
Power Grid Corp. of India Ltd.
1,169,028
3,304,375
 
16,251,150
 
Israel 0.1%
The First International Bank of Israel Ltd.
15,249
574,040
 
Italy 5.4%
Assicurazioni Generali S.p.A.
355,782
6,719,287
Enel S.p.A.
5,015,718
31,324,242
 
38,043,529
 
Japan 12.5%
Daito Trust Construction Co., Ltd.
64,331
6,100,889
Japan Tobacco, Inc.
419,135
9,119,782
KDDI Corp.
937,700
28,799,132
K's Holdings Corp.
157,056
1,350,065
Nintendo Co., Ltd.
747,330
31,751,429
Niterra Co., Ltd.
160,478
2,963,413
Sompo Holdings, Inc.
102,436
4,171,784
Tosoh Corp.
394,760
4,534,873
 
88,791,367
 
Malaysia 0.4%
Kuala Lumpur Kepong Berhad
174,907
791,259
Petronas Chemicals Group Berhad
1,196,652
1,700,799
 
2,492,058
 
Mexico 0.5%
Arca Continental S.A.B. de C.V.
146,628
1,476,581
Coca-Cola Femsa S.A.B. de C.V.
163,549
1,338,084
Kimberly-Clark de Mexico S.A.B. de C.V.,
A Shares
440,573
892,645
 
3,707,310
 
Netherlands 1.7%
Koninklijke Ahold Delhaize N.V.
378,653
11,973,211
 
New Zealand 0.5%
Spark New Zealand Ltd.
1,089,336
3,368,931
 
  1
Schwab International Dividend Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Norway 1.7%
Gjensidige Forsikring A.S.A.
56,279
941,944
Telenor A.S.A.
373,725
3,823,462
Yara International A.S.A.
197,767
7,351,293
 
12,116,699
 
Qatar 0.3%
Industries Qatar QSC
680,684
2,240,273
 
Republic of Korea 0.7%
GS Holdings Corp.
86,618
2,512,558
KT&G Corp.
41,782
2,631,739
 
5,144,297
 
Russia 0.0%
Severstal PAO *(a)(b)
708
246
 
Saudi Arabia 1.6%
Jarir Marketing Co.
202,520
950,291
SABIC Agri-Nutrients Co.
96,748
3,224,245
Saudi Telecom Co.
615,052
7,092,087
 
11,266,623
 
Singapore 0.8%
Singapore Exchange Ltd.
241,926
1,657,064
Singapore Technologies Engineering Ltd.
1,451,223
3,920,343
 
5,577,407
 
South Africa 0.2%
Vodacom Group Ltd.
285,078
1,587,791
 
Spain 1.0%
Red Electrica Corp. S.A.
404,183
6,827,605
 
Sweden 0.4%
Tele2 AB, B Shares
318,768
2,887,879
 
Switzerland 10.5%
EMS-Chemie Holding AG
8,228
6,345,501
Kuehne & Nagel International AG
52,982
15,016,831
Roche Holding AG
99,638
31,412,428
SGS S.A.
141,690
12,529,913
Swisscom AG
14,753
9,308,681
 
74,613,354
 
Taiwan 5.6%
Advantech Co., Ltd.
151,289
2,003,893
Asia Cement Corp.
1,059,515
1,515,440
Asustek Computer, Inc.
238,053
2,362,905
Chicony Electronics Co., Ltd.
229,618
792,108
Chunghwa Telecom Co., Ltd.
1,299,407
5,328,298
CTCI Corp.
191,823
255,015
Formosa Plastics Corp.
1,794,888
5,496,671
Fubon Financial Holding Co., Ltd.
2,177,831
4,309,239
King Slide Works Co., Ltd.
16,285
224,712
King Yuan Electronics Co., Ltd.
382,248
671,756
Lite-On Technology Corp.
760,668
2,203,220
Nan Ya Plastics Corp.
2,335,161
5,904,874
Quanta Computer, Inc.
952,196
3,610,148
Radiant Opto-Electronics Corp.
157,405
604,468
SECURITY
NUMBER
OF SHARES
VALUE ($)
Simplo Technology Co., Ltd.
56,436
569,365
Synnex Technology International Corp.
435,859
906,400
Tripod Technology Corp.
152,964
639,684
Wistron Corp.
994,816
2,159,441
 
39,557,637
 
Thailand 0.2%
Bangkok Chain Hospital PCL, NVDR
477,000
253,578
Intouch Holdings PCL NVDR
394,869
848,174
Supalai PCL NVDR
230,212
133,629
Tisco Financial Group PCL NVDR
110,596
306,681
 
1,542,062
 
United Arab Emirates 0.2%
Abu Dhabi Islamic Bank PJSC
397,335
1,081,772
 
United Kingdom 16.5%
Admiral Group plc
81,431
2,346,520
British American Tobacco plc
753,843
23,867,027
GSK plc
1,672,324
27,906,542
Imperial Brands plc
365,740
7,683,404
Schroders plc
270,462
1,527,220
SSE plc
978,599
22,820,255
St. James's Place plc
160,622
2,219,685
Unilever plc
576,758
28,800,657
 
117,171,310
Total Common Stocks
(Cost $718,991,352)
705,582,540
 
PREFERRED STOCKS 0.0% OF NET ASSETS
 
Russia 0.0%
Sberbank of Russia PJSC *(a)(b)
69,290
2,243
Total Preferred Stocks
(Cost $260,897)
2,243
 
 
 
 
SHORT-TERM INVESTMENTS 0.1% OF NET ASSETS
 
Money Market Funds 0.1%
State Street Institutional U.S. Government
Money Market Fund, Premier Class
5.02% (c)
491,851
491,851
Total Short-Term Investments
(Cost $491,851)
491,851
Total Investments in Securities
(Cost $719,744,100)
706,076,634
 
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
DEPRECIATION
($)
FUTURES CONTRACTS
Long
MSCI EAFE Index, expires
06/16/23
37
3,798,790
(133,843
)
MSCI Emerging Markets Index,
expires 06/16/23
4
191,360
(5,067
)
Net Unrealized Depreciation
(138,910
)
 
2  
Schwab International Dividend Equity ETF
Portfolio Holdings (Unaudited) continued
*
Non-income producing security.
(a)
Fair valued using significant unobservable inputs (see Notes for additional
information).
(b)
Trading in Russian securities listed on the Moscow Exchange, Russian ADRs,
and Russian GDRs are subject to trade restrictions; and therefore, the ability of
the fund to buy these securities is currently not permitted, and the ability of the
fund to sell these securities is uncertain.
(c)
The rate shown is the annualized 7-day yield.
 
ADR —
American Depositary Receipt
GDR —
Global Depositary Receipt
NVDR —
Non-Voting Depositary Receipt
 
The following is a summary of the inputs used to value the fund’s investments as of May 31, 2023:  
DESCRIPTION
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
TOTAL
Assets
Common Stocks1
$705,582,294
$—
$—
$705,582,294
Russia
—
—
246
246
Preferred Stocks1
Russia
—
—
2,243
2,243
Short-Term Investments1
491,851
—
—
491,851
Liabilities
Futures Contracts2
(138,910
)
—
—
(138,910
)
Total
$705,935,235
$—
$2,489
$705,937,724
 
1
As categorized in the Portfolio Holdings.
2
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
Fund investments in mutual funds are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds, which could be Level 1, Level 2 or Level 3.
  3
Schwab Strategic Trust
Schwab International Equity ETF
Portfolio Holdings as of May 31, 2023 (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. You can also obtain this information at no cost by calling 1-866-414-6349 or by sending an email request to orders@mysummaryprospectus.com.  
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 98.8% OF NET ASSETS
 
Australia 6.6%
Adbri Ltd.
789,649
1,103,806
AGL Energy Ltd.
1,008,669
6,129,417
Allkem Ltd. *
974,372
9,363,887
ALS Ltd.
798,759
5,970,389
Altium Ltd.
197,280
4,943,372
Alumina Ltd.
4,226,502
3,966,012
Amcor plc
2,457,030
23,771,498
AMP Ltd.
5,108,457
3,620,002
Ampol Ltd.
389,693
7,921,281
Ansell Ltd.
227,630
3,944,981
ANZ Group Holdings Ltd.
4,976,839
73,819,841
APA Group
1,955,670
12,706,741
Aristocrat Leisure Ltd.
1,109,396
26,671,676
ASX Ltd.
320,977
14,006,576
Atlas Arteria Ltd.
2,363,327
9,788,332
Aurizon Holdings Ltd.
2,892,375
6,663,609
Bank of Queensland Ltd.
1,084,762
3,839,960
Beach Energy Ltd.
3,005,579
2,703,634
Bendigo & Adelaide Bank Ltd.
896,294
4,982,514
BHP Group Ltd.
8,350,490
227,076,875
BlueScope Steel Ltd.
755,608
9,056,125
Boral Ltd. *
495,985
1,280,697
Brambles Ltd.
2,310,743
20,546,757
carsales.com Ltd.
589,649
8,864,366
Challenger Ltd.
1,091,526
4,379,562
Charter Hall Group
776,067
5,624,995
Cleanaway Waste Management Ltd.
3,717,012
6,254,206
Cochlear Ltd.
106,955
16,847,847
Coles Group Ltd.
2,087,532
24,290,012
Commonwealth Bank of Australia
2,803,274
175,572,328
Computershare Ltd.
878,654
12,714,363
CSL Ltd.
798,539
158,334,524
CSR Ltd.
768,218
2,436,046
Deterra Royalties Ltd.
704,530
2,047,155
Dexus
1,831,864
9,732,878
Domain Holdings Australia Ltd.
461,061
1,029,396
Domino's Pizza Enterprises Ltd.
99,060
3,096,993
Downer EDI Ltd.
1,082,327
2,514,536
Endeavour Group Ltd.
2,323,298
9,276,731
Evolution Mining Ltd.
2,834,400
6,309,929
Flight Centre Travel Group Ltd. *
247,174
3,379,926
Fortescue Metals Group Ltd.
2,642,985
32,874,033
Goodman Group
3,076,876
39,087,257
Harvey Norman Holdings Ltd.
963,125
2,100,475
IDP Education Ltd.
297,343
4,198,724
IGO Ltd.
1,017,932
9,393,841
Iluka Resources Ltd.
683,614
4,972,584
Incitec Pivot Ltd.
3,168,771
6,069,983
Insignia Financial Ltd.
1,007,867
1,871,932
Insurance Australia Group Ltd.
4,060,491
13,638,004
James Hardie Industries plc *
735,459
18,033,830
JB Hi-Fi Ltd.
172,327
4,749,697
SECURITY
NUMBER
OF SHARES
VALUE ($)
Lendlease Corp., Ltd.
1,141,052
5,833,610
Lynas Rare Earths Ltd. *
1,529,424
7,433,147
Macquarie Group Ltd.
573,189
63,334,162
Magellan Financial Group Ltd. (a)
214,775
1,096,644
Medibank Pvt Ltd.
4,505,051
10,408,133
Metcash Ltd.
1,521,071
3,494,481
Mineral Resources Ltd.
287,780
13,183,703
Mirvac Group
6,646,875
9,893,507
National Australia Bank Ltd.
5,215,156
87,648,433
New Hope Corp., Ltd.
387,365
1,155,650
Newcrest Mining Ltd.
1,480,748
24,617,852
NEXTDC Ltd. *
860,723
7,079,684
Northern Star Resources Ltd.
1,862,763
15,562,836
Nufarm Ltd.
643,471
2,269,501
Orica Ltd.
761,073
7,530,758
Origin Energy Ltd.
2,850,963
15,368,854
Orora Ltd.
1,396,786
2,973,930
Perpetual Ltd.
191,680
3,068,891
Pilbara Minerals Ltd.
4,569,919
13,042,234
Platinum Asset Management Ltd.
929,343
1,016,407
Pro Medicus Ltd.
68,421
2,627,938
Qantas Airways Ltd. *
1,334,608
5,743,548
QBE Insurance Group Ltd.
2,470,332
23,372,631
Qube Holdings Ltd.
2,748,986
5,283,648
Ramsay Health Care Ltd.
286,446
10,634,878
REA Group Ltd.
81,562
7,259,224
Reece Ltd.
366,926
4,312,203
Region RE Ltd.
2,023,270
3,286,491
Rio Tinto Ltd.
612,932
42,442,502
Santos Ltd.
4,957,644
23,388,791
Scentre Group
8,639,996
15,152,620
SEEK Ltd.
569,868
8,677,629
Seven Group Holdings Ltd.
222,826
3,371,439
Sims Ltd.
265,800
2,442,577
Sonic Healthcare Ltd.
755,574
17,206,842
South32 Ltd.
7,656,745
19,225,640
Steadfast Group Ltd.
1,675,328
6,429,237
Stockland
4,009,704
11,054,187
Suncorp Group Ltd.
2,082,319
17,922,715
Tabcorp Holdings Ltd.
3,686,320
2,719,586
Telstra Group Ltd.
6,789,066
19,155,850
The GPT Group
3,102,437
8,412,438
The Lottery Corp., Ltd.
3,647,305
11,754,559
The Star Entertainment Grp Ltd. *
2,291,806
1,720,445
TPG Telecom Ltd.
594,569
2,104,721
Transurban Group
5,107,862
49,054,399
Treasury Wine Estates Ltd.
1,205,873
9,068,023
Vicinity Ltd.
6,234,459
7,484,238
Washington H Soul Pattinson & Co.,
Ltd.
446,233
9,275,602
Wesfarmers Ltd.
1,876,238
57,881,261
Westpac Banking Corp.
5,793,909
77,540,234
Whitehaven Coal Ltd.
1,234,901
4,523,280
WiseTech Global Ltd.
258,689
12,527,333
Woodside Energy Group Ltd.
3,126,741
69,405,027
Woolworths Group Ltd.
2,012,410
48,889,505
4  
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Worley Ltd.
621,812
6,555,187
Xero Ltd. *
207,627
14,773,519
Yancoal Australia Ltd. (a)
267,286
788,762
 
2,013,055,261
 
Austria 0.2%
ANDRITZ AG
115,433
6,171,617
Erste Group Bank AG
536,181
17,303,021
OMV AG
237,474
10,552,172
Raiffeisen Bank International AG *
204,501
2,986,855
Telekom Austria AG *
261,536
1,901,577
Verbund AG
108,107
8,131,093
Voestalpine AG
192,843
5,957,998
 
53,004,333
 
Belgium 0.8%
Ackermans & van Haaren N.V.
36,375
5,944,882
Ageas S.A./N.V.
300,723
11,968,031
Anheuser-Busch InBev S.A./N.V.
1,433,501
76,275,253
Argenx SE *
91,069
35,398,537
D'ieteren Group
37,293
6,428,882
Elia Group S.A./N.V.
63,517
7,658,623
Groupe Bruxelles Lambert N.V.
160,691
12,348,222
KBC Group N.V.
455,698
29,722,455
Lotus Bakeries NV
665
4,133,218
Proximus SADP
239,171
1,851,667
Sofina S.A.
25,929
5,335,083
Solvay S.A.
115,398
12,014,704
UCB S.A.
200,071
17,387,871
Umicore S.A.
340,085
9,426,683
Warehouses De Pauw CVA
263,486
7,370,882
 
243,264,993
 
Canada 8.2%
Agnico Eagle Mines Ltd.
814,734
41,405,006
Alimentation Couche-Tard, Inc.
1,263,260
61,085,912
Bank of Montreal
1,111,742
92,600,183
Barrick Gold Corp.
2,916,004
49,211,456
BCE, Inc.
505,284
22,764,358
Brookfield Asset Management Ltd.,
Class A
449,476
13,722,691
Brookfield Corp.
2,214,988
66,434,974
Canadian Imperial Bank of
Commerce
1,465,086
60,325,803
Canadian National Railway Co.
987,133
111,153,224
Canadian Natural Resources Ltd.
1,800,902
96,888,077
Canadian Pacific Kansas City Ltd.
1,539,168
117,127,594
Canadian Tire Corp., Ltd., Class A
88,833
10,656,300
Canadian Utilities Ltd., Class A
211,257
5,664,914
Cenovus Energy, Inc.
2,312,709
36,903,302
CGI, Inc. *
352,412
36,451,944
Constellation Software, Inc.
31,742
64,637,809
Dollarama, Inc.
451,733
27,443,619
Enbridge, Inc.
3,353,392
117,897,891
Fairfax Financial Holdings Ltd.
35,042
25,118,976
Fortis, Inc.
784,903
32,971,354
Franco-Nevada Corp.
315,829
45,837,376
George Weston Ltd.
112,701
13,239,238
Great-West Lifeco, Inc.
442,442
12,508,678
Hydro One Ltd.
513,318
14,610,662
IGM Financial, Inc.
134,652
3,950,505
Imperial Oil Ltd.
292,833
13,274,751
Intact Financial Corp.
292,550
43,057,127
Loblaw Cos., Ltd.
254,202
22,196,156
Magna International, Inc.
442,925
21,401,688
Manulife Financial Corp.
3,090,519
57,181,309
SECURITY
NUMBER
OF SHARES
VALUE ($)
Metro, Inc.
388,356
20,402,047
National Bank of Canada
551,786
39,505,491
Nutrien Ltd.
860,631
45,282,373
Pembina Pipeline Corp.
901,991
27,272,736
Power Corp. of Canada
889,662
22,999,134
Restaurant Brands International, Inc.
502,160
36,410,571
Royal Bank of Canada
2,333,624
208,469,037
Saputo, Inc.
401,246
10,366,924
Shopify, Inc., Class A *
1,886,500
107,794,052
Sun Life Financial, Inc.
966,973
46,772,953
Suncor Energy, Inc.
2,236,417
62,569,660
TC Energy Corp.
1,694,203
65,858,667
Teck Resources Ltd., Class B
742,636
28,950,402
TELUS Corp.
773,466
14,635,140
The Bank of Nova Scotia
1,972,543
95,151,655
The Toronto-Dominion Bank
3,015,549
170,466,258
Thomson Reuters Corp.
270,610
34,365,260
Tourmaline Oil Corp.
473,514
19,768,939
Waste Connections, Inc.
426,020
58,144,067
Wheaton Precious Metals Corp.
744,408
33,690,856
 
2,486,599,099
 
Denmark 2.5%
AP Moller - Maersk A/S, Class A
4,345
7,271,524
AP Moller - Maersk A/S, Class B
8,264
13,859,698
Carlsberg A/S, Class B
152,284
22,880,098
Chr. Hansen Holding A/S
168,415
12,180,504
Coloplast A/S, Class B
219,558
27,565,763
Danske Bank A/S *
1,082,365
21,956,582
Demant A/S *
160,729
6,093,031
DSV A/S
295,077
56,711,457
Genmab A/S *
109,099
42,560,667
H. Lundbeck A/S
499,970
2,616,805
Novo Nordisk A/S, Class B
2,591,827
414,160,983
Novozymes A/S, Class B
325,508
15,643,508
Orsted A/S
313,094
27,341,714
Pandora A/S
143,314
11,386,828
Rockwool A/S, Class B
9,967
2,370,038
Royal Unibrew A/S
80,259
6,820,383
Tryg A/S
583,849
13,248,020
Vestas Wind Systems A/S *
1,670,901
47,444,097
 
752,111,700
 
Finland 1.0%
Elisa Oyj
245,441
13,711,232
Fortum Oyj
721,782
9,564,786
Huhtamaki Oyj
152,109
4,958,959
Kesko Oyj, B Shares
460,045
8,673,681
Kojamo Oyj
339,000
3,390,007
Kone Oyj, B Shares
537,750
27,214,336
Metso Oyj
999,990
10,911,428
Neste Oyj
692,451
26,110,921
Nokia Oyj
9,289,181
37,582,641
Nordea Bank Abp
5,748,176
56,237,872
Orion Oyj, B Shares
171,873
7,254,229
Sampo Oyj, A Shares
769,373
35,286,244
Stora Enso Oyj, R Shares
966,450
12,204,291
UPM-Kymmene Oyj
882,155
26,398,874
Valmet Oyj
283,166
8,310,849
Wartsila Oyj Abp
791,803
8,939,458
 
296,749,808
 
France 9.6%
Accor S.A.
306,266
10,112,024
Aeroports de Paris *
53,148
8,051,542
Air Liquide S.A.
847,216
141,479,954
  5
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Airbus SE
924,567
120,785,375
ALD S.A.
233,092
2,502,390
Alstom S.A.
500,370
13,730,865
Amundi S.A.
92,595
5,192,439
Arkema S.A.
103,963
9,033,052
AXA S.A.
3,105,262
87,447,410
BioMerieux
71,358
7,123,643
BNP Paribas S.A.
1,829,908
105,366,249
Bollore SE
1,638,642
10,464,271
Bouygues S.A.
336,654
10,752,852
Bureau Veritas S.A.
464,569
11,752,927
Capgemini SE
267,567
46,439,233
Carrefour S.A.
975,827
17,878,063
Cie de L'Odet SE
596
958,177
Cie de Saint-Gobain
757,552
41,835,050
Cie Generale des Etablissements
Michelin S.C.A.
1,167,205
33,050,140
Covivio S.A.
79,951
3,898,685
Credit Agricole S.A.
1,988,953
22,671,568
Danone S.A.
1,008,161
59,479,476
Dassault Aviation S.A.
38,837
6,550,135
Dassault Systemes SE
1,102,626
48,325,215
Edenred
414,290
26,535,817
Eiffage S.A.
120,959
12,846,441
Engie S.A.
2,765,640
41,402,132
EssilorLuxottica S.A.
493,213
88,568,203
Eurazeo SE
81,397
5,545,074
Eurofins Scientific SE
200,356
13,166,279
Euronext N.V.
133,463
8,843,010
Gecina S.A.
83,779
8,552,086
Getlink SE
586,553
9,930,151
Hermes International
51,245
103,899,732
ICADE
53,613
2,128,521
Ipsen S.A.
55,915
6,443,949
JCDecaux SE *
125,341
2,536,223
Kering S.A.
119,411
63,442,003
Klepierre S.A.
302,070
6,820,742
La Francaise des Jeux SAEM
145,106
5,578,394
Legrand S.A. *
443,119
41,789,329
L'Oreal S.A.
408,301
173,680,646
LVMH Moet Hennessy Louis Vuitton
SE
408,795
354,711,045
Neoen S.A.
109,015
3,258,835
Orange S.A.
3,164,496
37,690,645
Pernod-Ricard S.A.
339,599
73,169,621
Publicis Groupe S.A.
372,683
27,542,048
Remy Cointreau S.A.
40,794
6,251,759
Renault S.A.
319,119
10,643,560
Rexel S.A. *
389,754
7,944,683
Safran S.A.
577,726
83,419,378
Sanofi
1,806,014
182,681,209
Sartorius Stedim Biotech
40,226
10,532,544
Schneider Electric SE
884,745
152,180,237
SCOR SE
252,926
6,447,200
SEB S.A.
48,319
4,522,833
Societe Generale S.A.
1,223,197
28,206,618
Sodexo S.A.
145,209
15,643,284
SOITEC *
39,962
5,578,929
STMicroelectronics N.V.
1,052,473
45,549,288
Teleperformance
97,640
14,562,756
Thales S.A.
165,261
22,956,881
TotalEnergies SE
3,772,407
213,475,256
UbiSoft Entertainment S.A. *
156,267
4,419,800
Unibail-Rodamco-Westfield *
169,258
7,723,089
Valeo S.A.
400,796
7,674,106
Veolia Environnement S.A.
1,047,719
30,761,453
Vinci S.A.
822,299
93,205,774
Vivendi SE
1,155,819
10,215,096
SECURITY
NUMBER
OF SHARES
VALUE ($)
Wendel SE
46,032
4,824,046
Worldline S.A. *
400,327
15,513,771
 
2,927,895,211
 
Germany 6.7%
adidas AG
278,560
44,991,397
Allianz SE
666,542
142,105,920
BASF SE
1,521,226
72,031,340
Bayer AG
1,629,820
90,595,944
Bayerische Motoren Werke AG
524,375
56,976,987
Bechtle AG
130,986
5,122,150
Beiersdorf AG
163,637
20,786,130
Brenntag SE
257,987
20,182,437
Carl Zeiss Meditec AG, Class B
61,957
6,925,592
Commerzbank AG *
1,726,322
17,300,065
Continental AG
180,096
11,957,785
Covestro AG *
298,019
11,456,917
CTS Eventim AG & Co., KGaA
98,673
6,616,786
Daimler Truck Holding AG *
692,356
20,888,824
Delivery Hero SE *
311,987
11,641,331
Deutsche Bank AG
3,369,727
34,042,219
Deutsche Boerse AG
303,831
52,312,165
Deutsche Lufthansa AG *
995,636
9,722,863
Deutsche Post AG
1,602,435
71,836,392
Deutsche Telekom AG
5,605,422
123,970,925
Deutsche Wohnen SE
81,236
1,611,733
DWS Group GmbH & Co. KGaA
55,818
1,793,559
E.ON SE
3,658,009
44,106,791
Evonik Industries AG *
303,031
6,055,787
Fielmann AG
39,455
1,968,548
Fraport AG Frankfurt Airport Services
Worldwide *
57,382
2,909,482
Fresenius Medical Care AG & Co.
KGaA
335,030
14,269,165
Fresenius SE & Co. KGaA
675,807
18,437,034
FUCHS PETROLUB SE
47,170
1,483,495
GEA Group AG
266,622
11,168,018
Hannover Rueck SE
100,302
21,407,786
Heidelberg Materials AG
238,209
16,984,490
Hella GmbH & Co. KGaA
35,540
2,693,923
HelloFresh SE *
259,408
6,147,817
Henkel AG & Co. KGaA
163,615
11,707,742
HOCHTIEF AG
35,652
2,957,070
Infineon Technologies AG
2,166,291
80,208,365
KION Group AG
126,523
4,397,291
Knorr-Bremse AG
112,754
7,690,849
LANXESS AG
145,847
5,219,717
LEG Immobilien SE *
122,751
6,348,255
Mercedes-Benz Group AG
1,423,423
105,876,796
Merck KGaA
213,188
36,989,788
METRO AG *
215,527
1,669,304
MTU Aero Engines AG
88,554
20,373,128
Muenchener
Rueckversicherungs-Gesellschaft
AG in Muenchen
232,505
82,789,803
Nemetschek SE
92,471
7,220,246
Puma SE
168,199
7,983,193
QIAGEN N.V. *
364,661
16,409,780
Rational AG
8,002
5,353,162
Rheinmetall AG
71,142
17,929,642
RTL Group S.A.
65,076
2,521,180
RWE AG
1,046,501
43,645,209
SAP SE
1,836,100
239,163,301
Sartorius AG
4,698
1,267,160
Scout24 SE
123,401
7,893,471
Siemens AG
1,236,535
202,143,583
Siemens Energy AG *
787,227
19,924,103
Siemens Healthineers AG
462,535
26,085,452
6  
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Sixt SE
26,511
2,896,997
SUSE S.A. *
58,040
873,077
Symrise AG
214,902
22,906,128
Talanx AG
89,811
4,993,234
Telefonica Deutschland Holding AG
1,503,663
4,224,052
ThyssenKrupp AG
804,208
5,511,151
Traton SE
77,090
1,544,269
United Internet AG
150,590
2,157,712
Volkswagen AG
50,880
7,615,743
Vonovia SE
1,181,258
21,610,267
Wacker Chemie AG
25,945
3,435,369
Zalando SE *
363,728
10,485,316
 
2,034,522,702
 
Hong Kong 2.3%
AAC Technologies Holdings, Inc.
1,123,939
2,305,810
AIA Group Ltd.
19,411,499
186,223,431
ASMPT Ltd.
512,807
4,369,332
BOC Aviation Ltd.
334,693
2,460,522
BOC Hong Kong Holdings Ltd.
5,977,786
17,754,099
Brightoil Petroleum Holdings
Ltd. *(b)
2,936,732
0
Budweiser Brewing Co. APAC Ltd.
2,718,421
6,834,034
Cafe de Coral Holdings Ltd.
533,640
662,598
Cathay Pacific Airways Ltd. *(a)
1,651,648
1,506,437
Champion REIT
3,225,800
1,170,284
China Travel International Investment
Hong Kong Ltd. *
3,739,762
716,590
Chow Tai Fook Jewellery Group Ltd.
2,939,979
5,205,264
CK Asset Holdings Ltd.
3,175,883
17,120,335
CK Hutchison Holdings Ltd.
4,444,053
26,880,326
CK Infrastructure Holdings Ltd.
992,292
5,488,614
CLP Holdings Ltd.
2,699,481
19,673,029
Dah Sing Banking Group Ltd.
557,921
410,516
Dah Sing Financial Holdings Ltd
190,507
476,982
DFI Retail Group Holdings Ltd.
541,197
1,520,764
ESR Group Ltd.
3,389,076
5,004,659
First Pacific Co., Ltd.
4,509,610
1,687,881
FIT Hon Teng Ltd. *
1,885,022
349,156
Galaxy Entertainment Group Ltd. *
3,552,859
22,034,466
Guotai Junan International Holdings
Ltd.
5,211,563
399,443
Haitong International Securities
Group Ltd. *
5,706,822
481,142
Hang Lung Group Ltd.
1,460,959
2,176,065
Hang Lung Properties Ltd.
2,916,718
4,620,101
Hang Seng Bank Ltd.
1,180,884
15,793,895
Henderson Land Development Co.,
Ltd.
2,175,422
6,905,660
Hong Kong & China Gas Co., Ltd.
18,108,152
16,331,051
Hong Kong Exchanges & Clearing
Ltd.
2,109,209
77,220,234
Hongkong Land Holdings Ltd.
1,822,805
7,819,833
Huabao International Holdings
Ltd. (a)
1,520,531
600,190
Hutchison Telecommunications Hong
Kong Holdings Ltd
2,552,496
391,275
HUTCHMED China Ltd. *
733,974
1,781,433
Hysan Development Co., Ltd.
1,073,575
2,723,623
Jardine Matheson Holdings Ltd.
323,712
15,541,413
Johnson Electric Holdings Ltd.
575,610
705,887
JS Global Lifestyle Co., Ltd. *
2,074,576
1,939,884
Kerry Logistics Network Ltd.
501,304
582,744
Kerry Properties Ltd.
998,505
2,181,131
Lenovo Group Ltd.
12,280,664
11,546,091
Link REIT
4,170,099
24,237,793
L'Occitane International S.A.
718,328
1,926,981
SECURITY
NUMBER
OF SHARES
VALUE ($)
Man Wah Holdings Ltd.
2,523,019
1,653,382
Melco International Development
Ltd. *
1,154,268
1,063,108
MGM China Holdings Ltd. *
1,212,478
1,246,824
MMG Ltd. *
3,961,440
1,189,204
MTR Corp., Ltd.
2,435,322
11,214,941
NagaCorp Ltd. *
2,666,972
1,669,359
New World Development Co., Ltd.
2,363,784
5,646,570
Nexteer Automotive Group Ltd.
1,407,776
629,415
NWS Holdings Ltd.
2,267,162
1,870,899
Orient Overseas International Ltd.
217,736
2,654,859
PCCW Ltd.
7,110,789
3,633,399
Power Assets Holdings Ltd.
2,264,012
12,190,222
Prada S.p.A.
853,058
5,704,670
Samsonite International S.A. *
2,113,994
5,368,531
Sands China Ltd. *
3,980,813
12,890,954
Shangri-La Asia Ltd. *
1,841,919
1,378,807
Sino Land Co., Ltd.
6,338,457
8,242,646
SITC International Holdings Co., Ltd.
1,992,265
3,461,157
SJM Holdings Ltd. *(a)
3,877,585
1,570,203
Sun Hung Kai Properties Ltd.
2,330,477
29,680,779
Super Hi International Holding Ltd. *
241,918
437,589
Swire Pacific Ltd., A Shares
722,623
4,827,795
Swire Pacific Ltd., B Shares
1,343,047
1,437,708
Swire Properties Ltd.
1,824,933
4,350,046
Techtronic Industries Co., Ltd.
2,160,522
20,050,704
The Bank of East Asia Ltd.
1,655,202
2,074,222
The Wharf Holdings Ltd.
1,569,537
3,296,163
United Energy Group Ltd. *
12,631,281
1,694,229
Vitasoy International Holdings Ltd.
1,338,873
2,192,617
VTech Holdings Ltd.
284,913
1,710,588
Want Want China Holdings Ltd.
7,300,076
4,886,456
WH Group Ltd.
12,961,197
6,771,794
Wharf Real Estate Investment Co.,
Ltd.
2,596,623
12,820,168
Wynn Macau Ltd. *
2,233,077
1,911,234
Xinyi Glass Holdings Ltd.
3,371,879
4,987,878
Yue Yuen Industrial Holdings Ltd.
1,263,925
1,549,986
 
713,720,104
 
Ireland 0.2%
AIB Group plc
1,873,350
7,653,190
Bank of Ireland Group plc
1,781,563
16,702,664
Glanbia plc
305,335
4,404,255
Kerry Group plc, Class A
256,917
24,974,139
Kingspan Group plc
253,466
16,775,269
 
70,509,517
 
Israel 0.5%
Airport City Ltd. *
126,082
1,654,110
Alony Hetz Properties & Investments
Ltd.
168,016
1,305,009
Amot Investments Ltd.
276,414
1,360,996
Ashtrom Group Ltd.
68,902
959,291
Azrieli Group Ltd.
59,710
3,136,615
Bank Hapoalim B.M.
2,228,158
17,909,022
Bank Leumi Le-Israel B.M.
2,548,887
17,845,860
Bezeq The Israeli Telecommunication
Corp., Ltd.
3,220,054
4,026,200
Big Shopping Centers Ltd. *
21,056
1,771,321
Delek Group Ltd.
12,758
1,451,733
Elbit Systems Ltd.
39,636
8,089,673
Elco Ltd.
10,614
376,539
Electra Ltd.
2,984
1,312,738
Energix-Renewable Energies Ltd.
302,233
975,898
Enlight Renewable Energy Ltd. *
168,696
3,139,101
Fattal Holdings 1998 Ltd. *
11,792
1,066,504
  7
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Gav-Yam Lands Corp., Ltd.
76,149
526,016
Harel Insurance Investments &
Financial Services Ltd.
203,606
1,601,068
ICL Group Ltd.
1,155,910
6,288,730
Israel Corp., Ltd.
5,624
1,472,499
Israel Discount Bank Ltd., A Shares
2,085,091
10,032,021
Kenon Holdings Ltd.
25,644
658,994
Melisron Ltd.
29,155
1,810,991
Mivne Real Estate KD Ltd.
1,129,118
2,777,033
Mizrahi Tefahot Bank Ltd.
216,742
6,946,282
Nice Ltd. *
105,173
21,136,254
Nova Ltd. *
46,171
5,006,561
OPC Energy Ltd. *
139,451
848,292
Shapir Engineering and Industry Ltd.
196,554
1,337,743
Shikun & Binui Ltd. *
411,221
863,080
Shufersal Ltd. *
429,919
2,253,796
Strauss Group Ltd. *
73,665
1,704,475
Teva Pharmaceutical Industries Ltd. *
1,668,031
11,968,897
The First International Bank of Israel
Ltd.
80,116
3,015,920
The Phoenix Holdings Ltd.
206,359
2,124,393
Tower Semiconductor Ltd. *
184,153
7,612,745
 
156,366,400
 
Italy 2.1%
A2A S.p.A.
2,624,008
4,330,462
Amplifon S.p.A.
212,465
7,311,711
Assicurazioni Generali S.p.A.
2,250,937
42,511,124
Banca Mediolanum S.p.A.
363,659
3,053,502
Banco BPM S.p.A.
2,246,117
8,759,396
Buzzi S.p.A
139,255
3,171,101
CNH Industrial N.V.
1,640,183
20,895,766
Davide Campari-Milano N.V.
832,422
10,835,708
De'Longhi S.p.A.
111,108
2,164,123
DiaSorin S.p.A.
37,148
3,809,856
Enel S.p.A.
12,870,043
80,376,197
Eni S.p.A.
3,682,001
48,871,013
Ferrari N.V.
199,578
56,724,529
FinecoBank Banca Fineco S.p.A.
1,022,372
13,526,294
Hera S.p.A.
1,312,214
4,090,535
Infrastrutture Wireless Italiane S.p.A.
588,469
7,465,667
Interpump Group S.p.A.
129,994
6,954,278
Intesa Sanpaolo S.p.A.
26,841,936
61,682,214
Italgas S.p.A.
810,910
4,599,201
Leonardo S.p.A.
655,669
7,011,060
Mediobanca Banca di Credito
Finanziario S.p.A.
1,044,810
11,467,315
Moncler S.p.A.
337,694
22,796,194
Nexi S.p.A. *
921,161
7,196,463
Pirelli & C S.p.A. *
827,241
3,887,512
Poste Italiane S.p.A.
772,420
7,984,435
Prysmian S.p.A.
436,802
16,144,944
Recordati Industria Chimica e
Farmaceutica S.p.A.
160,659
6,957,337
Reply S.p.A.
36,625
3,951,448
Snam S.p.A.
3,704,092
19,310,286
Stellantis N.V.
3,444,405
52,077,458
Telecom Italia S.p.A. *
17,364,192
4,587,267
Tenaris S.A.
765,147
9,519,493
Terna - Rete Elettrica Nazionale
2,341,209
19,548,388
UniCredit S.p.A.
3,114,969
59,490,057
UnipolSai Assicurazioni S.p.A.
707,328
1,669,539
 
644,731,873
 
Japan 21.2%
ABC-Mart, Inc.
42,383
2,299,418
Acom Co., Ltd.
642,374
1,448,290
SECURITY
NUMBER
OF SHARES
VALUE ($)
Activia Properties, Inc.
1,302
3,667,015
Advance Residence Investment Corp.
2,061
5,281,022
Advantest Corp.
305,353
39,143,057
Aeon Co., Ltd.
1,156,964
22,855,246
AEON Financial Service Co., Ltd.
180,508
1,537,448
Aeon Mall Co., Ltd.
189,511
2,385,927
AEON REIT Investment Corp.
2,770
3,184,068
AGC, Inc.
304,087
11,078,287
Aica Kogyo Co., Ltd.
88,737
1,876,805
Ain Holdings, Inc.
44,367
1,794,178
Air Water, Inc.
274,410
3,596,212
Aisin Corp.
285,023
8,180,526
Ajinomoto Co., Inc.
782,379
30,356,630
Alfresa Holdings Corp.
276,762
4,126,223
Alps Alpine Co., Ltd.
315,695
2,783,783
Amada Co., Ltd.
525,128
5,010,168
Amano Corp.
116,850
2,425,402
Amvis Holdings, Inc.
40,468
876,182
ANA Holdings, Inc. *
254,281
5,632,893
Anritsu Corp.
188,525
1,620,574
Aozora Bank Ltd. (a)
196,274
3,571,045
Ariake Japan Co., Ltd.
30,963
1,103,645
As One Corp.
38,820
1,475,391
Asahi Group Holdings Ltd.
805,773
31,195,120
Asahi Intecc Co., Ltd.
323,665
6,150,596
Asahi Kasei Corp.
2,033,067
13,802,126
Asics Corp.
274,545
7,339,409
ASKUL Corp.
76,752
992,120
Astellas Pharma, Inc.
3,035,028
47,953,508
Azbil Corp.
209,517
6,620,746
Bandai Namco Holdings, Inc.
962,751
22,539,874
BayCurrent Consulting, Inc.
223,480
8,173,659
Benefit One, Inc.
97,868
1,073,841
Benesse Holdings, Inc.
125,414
1,581,645
Bic Camera, Inc.
252,077
1,885,413
BIPROGY, Inc.
103,365
2,489,520
Bridgestone Corp.
922,891
37,506,174
Brother Industries Ltd.
390,568
5,658,015
Calbee, Inc.
123,866
2,407,016
Canon Marketing Japan, Inc.
79,127
1,945,398
Canon, Inc.
1,601,360
39,668,661
Capcom Co., Ltd.
295,506
11,505,942
Casio Computer Co., Ltd.
357,160
2,965,362
Central Japan Railway Co.
301,479
36,650,473
Chubu Electric Power Co., Inc.
1,143,173
13,606,962
Chugai Pharmaceutical Co., Ltd.
1,085,533
29,174,938
Chugin Financial Group, Inc.
287,744
1,760,878
Coca-Cola Bottlers Japan Holdings,
Inc.
240,505
2,663,001
COMSYS Holdings Corp.
179,786
3,480,808
Concordia Financial Group Ltd.
1,804,178
6,973,168
Cosmo Energy Holdings Co., Ltd.
135,897
3,808,015
Cosmos Pharmaceutical Corp.
27,848
2,642,984
Credit Saison Co., Ltd.
260,599
3,573,759
CyberAgent, Inc.
663,169
4,689,625
Dai Nippon Printing Co., Ltd.
426,615
12,137,527
Daicel Corp.
426,754
3,616,482
Daido Steel Co., Ltd.
62,581
2,324,699
Daifuku Co., Ltd.
468,594
9,488,261
Dai-ichi Life Holdings, Inc.
1,598,004
27,387,328
Daiichi Sankyo Co., Ltd.
3,112,989
101,155,710
Daiichikosho Co., Ltd.
128,436
2,249,457
Daikin Industries Ltd.
440,198
83,682,202
Daio Paper Corp.
139,200
1,032,181
Daito Trust Construction Co., Ltd.
105,998
10,052,417
Daiwa House Industry Co., Ltd.
1,058,291
27,586,843
Daiwa House REIT Investment Corp.
3,431
7,182,962
Daiwa Office Investment Corp.
401
1,664,675
Daiwa Securities Group, Inc.
2,412,882
10,931,928
8  
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Daiwa Securities Living Investments
Corp.
3,586
3,056,884
Dena Co., Ltd.
156,122
2,030,374
Denka Co., Ltd.
136,552
2,504,976
Denso Corp.
732,878
45,169,183
Dentsu Group, Inc.
338,513
10,854,513
Descente Ltd.
65,884
1,813,148
DIC Corp.
141,525
2,519,219
Disco Corp.
137,724
20,060,004
DMG Mori Co., Ltd.
169,029
2,834,591
Dowa Holdings Co., Ltd.
76,706
2,220,776
East Japan Railway Co.
595,909
32,790,670
Ebara Corp.
148,507
6,643,301
Eisai Co., Ltd.
441,605
28,029,583
Electric Power Development Co., Ltd.
280,279
4,114,463
ENEOS Holdings, Inc.
4,647,658
15,428,435
Exeo Group, Inc.
173,976
3,307,306
Ezaki Glico Co., Ltd.
82,680
2,177,736
Fancl Corp.
110,844
1,799,336
FANUC Corp.
1,589,263
54,577,417
Fast Retailing Co., Ltd.
256,189
59,923,820
Food & Life Cos., Ltd.
169,231
3,972,928
FP Corp.
73,792
1,509,484
Frontier Real Estate Investment
Corp.
820
2,893,462
Fuji Electric Co., Ltd.
206,120
8,659,946
Fuji Kyuko Co., Ltd.
32,392
1,200,949
Fuji Media Holdings, Inc.
90,135
864,481
Fuji Oil Holdings, Inc.
84,676
1,184,852
FUJIFILM Holdings Corp.
582,168
35,555,520
Fujikura Ltd.
429,216
3,440,732
Fujitsu General Ltd.
93,530
2,122,106
Fujitsu Ltd.
296,727
37,633,772
Fukuoka Financial Group, Inc.
272,225
5,046,436
Furukawa Electric Co., Ltd.
106,993
1,824,123
Fuyo General Lease Co., Ltd.
31,203
2,199,832
GLP J-REIT
7,411
7,839,858
GMO internet group, Inc.
92,340
1,691,286
GMO Payment Gateway, Inc.
65,020
5,128,443
Goldwin, Inc.
57,481
4,825,911
GS Yuasa Corp.
127,744
2,208,079
GungHo Online Entertainment, Inc.
57,384
1,108,949
H.U. Group Holdings, Inc.
89,730
1,690,365
Hakuhodo DY Holdings, Inc.
375,840
3,932,850
Hamamatsu Photonics K.K.
205,901
10,478,160
Hankyu Hanshin Holdings, Inc.
351,071
11,144,114
Harmonic Drive Systems, Inc.
78,436
2,728,404
Haseko Corp.
428,276
4,953,613
Heiwa Corp.
98,104
1,634,657
Hikari Tsushin, Inc.
36,683
5,295,753
Hino Motors Ltd. *
442,265
1,965,763
Hirogin Holdings, Inc.
478,463
2,599,244
Hirose Electric Co., Ltd.
51,188
6,931,804
Hisamitsu Pharmaceutical Co., Inc.
118,777
3,051,995
Hitachi Construction Machinery Co.,
Ltd.
171,392
4,232,204
Hitachi Ltd.
1,495,043
86,097,527
Honda Motor Co., Ltd.
2,752,333
78,896,995
Horiba Ltd.
67,371
3,688,853
Hoshizaki Corp.
184,170
6,617,281
House Foods Group, Inc.
119,884
2,805,860
Hoya Corp.
571,776
71,883,802
Hulic Co., Ltd.
667,514
5,556,445
Ibiden Co., Ltd.
173,894
9,484,109
Idemitsu Kosan Co., Ltd.
387,384
7,508,398
IHI Corp.
208,247
4,806,904
Iida Group Holdings Co., Ltd.
230,511
3,801,291
Industrial & Infrastructure Fund
Investment Corp.
3,358
3,847,946
SECURITY
NUMBER
OF SHARES
VALUE ($)
Information Services
International-Dentsu Ltd.
33,692
1,215,386
INFRONEER Holdings, Inc.
358,046
3,167,483
Inpex Corp.
1,545,420
16,370,623
Internet Initiative Japan, Inc.
182,380
3,588,467
Invincible Investment Corp.
8,071
3,425,619
Isetan Mitsukoshi Holdings Ltd.
567,373
5,742,157
Isuzu Motors Ltd.
822,688
9,562,648
Ito En Ltd.
92,762
2,742,061
ITOCHU Corp.
2,225,351
75,195,091
Itochu Techno-Solutions Corp.
162,933
4,233,238
Itoham Yonekyu Holdings, Inc.
270,120
1,351,422
Iwatani Corp.
83,460
3,942,569
Iyogin Holdings, Inc.
436,588
2,334,261
Izumi Co., Ltd.
66,563
1,524,544
J. Front Retailing Co., Ltd.
419,047
4,094,043
Japan Airlines Co., Ltd.
235,198
4,487,978
Japan Airport Terminal Co., Ltd.
84,798
3,951,150
Japan Aviation Electronics Industry
Ltd.
65,398
1,180,033
Japan Exchange Group, Inc.
853,478
13,930,906
Japan Hotel REIT Investment Corp.
7,244
4,101,209
Japan Logistics Fund, Inc.
1,462
3,416,548
Japan Metropolitan Fund Invest
11,192
7,898,445
Japan Post Bank Co., Ltd.
2,492,758
18,573,246
Japan Post Holdings Co., Ltd.
3,492,958
24,613,085
Japan Post Insurance Co., Ltd.
319,646
4,797,607
Japan Prime Realty Investment Corp.
1,476
3,792,606
Japan Real Estate Investment Corp.
2,160
8,193,823
Japan Tobacco, Inc.
1,956,032
42,560,479
JCR Pharmaceuticals Co., Ltd.
90,982
870,651
JEOL Ltd.
67,613
2,342,246
JFE Holdings, Inc.
844,783
10,424,120
JGC Holdings Corp.
342,402
4,163,769
JMDC, Inc.
53,104
2,170,303
JSR Corp.
281,220
6,773,112
JTEKT Corp.
380,795
3,167,046
Justsystems Corp.
57,500
1,736,750
Kadokawa Corp.
156,418
3,487,400
Kagome Co., Ltd.
128,530
3,012,817
Kajima Corp.
719,955
10,074,165
Kakaku.com, Inc.
214,693
3,114,789
Kaken Pharmaceutical Co., Ltd.
55,546
1,391,483
Kamigumi Co., Ltd.
144,274
3,206,318
Kandenko Co., Ltd.
224,350
1,618,615
Kaneka Corp.
94,989
2,542,740
Kansai Paint Co., Ltd.
286,198
4,289,436
Kao Corp.
762,236
26,607,200
Katitas Co., Ltd.
75,356
1,351,624
Kawasaki Heavy Industries Ltd.
244,532
5,126,395
Kawasaki Kisen Kaisha Ltd.
365,733
8,206,513
KDDI Corp.
2,647,019
81,296,629
Keihan Holdings Co., Ltd.
161,955
4,097,706
Keikyu Corp.
419,143
3,935,981
Keio Corp.
187,846
6,601,466
Keisei Electric Railway Co., Ltd.
227,675
8,718,185
Kenedix Office Investment Corp.
1,244
2,813,613
Kewpie Corp.
171,932
2,734,373
Keyence Corp.
322,508
156,504,616
Kikkoman Corp.
298,288
17,570,842
Kinden Corp.
189,819
2,476,757
Kintetsu Group Holdings Co., Ltd.
293,295
9,687,982
Kirin Holdings Co., Ltd.
1,225,081
18,233,947
Kobayashi Pharmaceutical Co., Ltd.
101,115
5,702,940
Kobe Bussan Co., Ltd.
236,548
6,509,874
Kobe Steel Ltd.
525,494
4,148,587
Koei Tecmo Holdings Co., Ltd.
243,324
4,087,474
Koito Manufacturing Co., Ltd.
374,792
7,033,637
Kokuyo Co., Ltd.
118,816
1,610,690
  9
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Komatsu Ltd.
1,513,598
35,663,777
Konami Group Corp.
153,705
8,129,979
Konica Minolta, Inc.
772,856
2,566,691
Kose Corp.
46,910
4,700,569
Kotobuki Spirits Co., Ltd.
29,147
2,190,484
K's Holdings Corp.
262,277
2,254,552
Kubota Corp.
1,806,023
24,909,325
Kuraray Co., Ltd.
565,550
5,335,110
Kurita Water Industries Ltd.
180,791
7,388,731
Kusuri no Aoki Holdings Co., Ltd.
27,692
1,371,568
Kyocera Corp.
499,695
28,347,583
Kyowa Kirin Co., Ltd.
402,693
7,724,419
Kyudenko Corp.
64,994
1,718,877
Kyushu Electric Power Co., Inc. *
770,465
4,814,200
Kyushu Financial Group, Inc.
645,041
2,409,987
Kyushu Railway Co.
263,587
5,627,742
LaSalle Logiport REIT
2,817
3,385,279
Lasertec Corp.
124,418
19,279,603
Lawson, Inc.
80,706
3,512,096
Lintec Corp.
84,180
1,319,502
Lion Corp.
414,513
3,993,376
Lixil Corp.
426,344
5,492,747
M3, Inc.
698,920
15,547,675
Mabuchi Motor Co., Ltd.
82,782
2,242,636
Makita Corp.
404,961
10,956,251
Mani, Inc.
101,064
1,184,861
Marubeni Corp.
2,528,429
36,049,319
Marui Group Co., Ltd.
313,398
5,246,666
Maruichi Steel Tube Ltd.
102,382
2,246,007
Maruwa Unyu Kikan Co., Ltd.
64,552
945,768
Matsui Securities Co., Ltd.
214,956
1,186,208
MatsukiyoCocokara & Co.
205,983
11,013,084
Mazda Motor Corp.
921,407
7,874,315
McDonald's Holdings Co., Japan Ltd.
139,500
5,721,182
Mebuki Financial Group, Inc.
1,610,142
3,780,028
Medipal Holdings Corp.
240,895
3,789,766
MEIJI Holdings Co., Ltd.
429,860
9,614,662
Menicon Co., Ltd.
84,592
1,522,129
Mercari, Inc. *
188,407
3,845,949
MINEBEA MITSUMI, Inc.
678,608
13,060,709
MISUMI Group, Inc.
460,346
10,049,424
Mitsubishi Chemical Group Corp.
2,077,653
11,648,181
Mitsubishi Corp.
1,940,879
77,599,042
Mitsubishi Electric Corp.
3,209,767
41,789,115
Mitsubishi Estate Co., Ltd.
1,862,109
21,364,640
Mitsubishi Gas Chemical Co., Inc.
302,163
4,215,121
Mitsubishi HC Capital, Inc.
1,040,055
5,635,198
Mitsubishi Heavy Industries Ltd.
476,468
20,141,145
Mitsubishi Logistics Corp.
101,081
2,459,832
Mitsubishi Materials Corp.
218,580
3,637,394
Mitsubishi Motors Corp.
1,052,074
3,456,336
Mitsubishi UFJ Financial Group, Inc.
19,216,859
128,259,106
Mitsui & Co., Ltd.
2,475,856
78,042,228
Mitsui Chemicals, Inc.
284,958
7,189,471
Mitsui Fudosan Co., Ltd.
1,508,075
28,738,859
Mitsui Fudosan Logistics Park, Inc.
878
3,154,679
Mitsui High-Tec, Inc.
37,739
2,509,361
Mitsui Mining & Smelting Co., Ltd.
91,019
1,990,216
Mitsui O.S.K. Lines Ltd.
551,306
12,528,337
Miura Co., Ltd.
162,083
4,303,961
Mizuho Financial Group, Inc.
4,204,280
61,778,527
Money Forward, Inc. *
73,412
3,068,576
MonotaRO Co., Ltd.
385,032
5,346,327
Mori Hills Reit Investment Corp.
2,647
2,919,534
Morinaga & Co., Ltd.
66,311
2,102,550
Morinaga Milk Industry Co., Ltd.
64,443
2,285,474
MS&AD Insurance Group Holdings,
Inc.
743,625
25,537,077
Murata Manufacturing Co., Ltd.
935,369
54,890,960
SECURITY
NUMBER
OF SHARES
VALUE ($)
Nabtesco Corp.
181,186
4,033,128
Nagase & Co., Ltd.
182,647
2,971,454
Nagoya Railroad Co., Ltd.
321,855
5,199,347
Nankai Electric Railway Co., Ltd.
176,849
3,993,548
NEC Corp.
429,496
20,135,267
NEC Networks & System Integration
Corp.
107,060
1,458,986
NET One Systems Co., Ltd.
125,049
2,841,718
Nexon Co., Ltd.
671,461
13,677,687
NGK Insulators Ltd.
424,919
5,118,553
NH Foods Ltd.
160,607
4,368,225
NHK Spring Co., Ltd.
274,606
1,857,372
Nichirei Corp.
172,097
3,678,071
Nidec Corp.
769,489
38,222,479
Nifco, Inc.
138,410
3,695,160
Nihon Kohden Corp.
126,911
3,310,959
Nihon M&A Center Holdings, Inc.
426,610
2,983,201
Nikon Corp.
495,100
5,489,102
Nintendo Co., Ltd.
1,747,663
74,252,067
Nippon Accommodations Fund, Inc.
744
3,610,436
Nippon Building Fund, Inc.
2,527
10,092,445
Nippon Electric Glass Co., Ltd.
132,751
2,410,545
Nippon Express Holdings, Inc.
111,688
6,259,292
Nippon Kayaku Co., Ltd.
283,013
2,365,953
Nippon Paint Holdings Co., Ltd.
1,663,729
12,753,489
Nippon Prologis REIT, Inc. (a)
3,943
8,246,392
Nippon Sanso Holdings Corp.
233,720
4,784,305
Nippon Shinyaku Co., Ltd.
82,768
3,779,550
Nippon Shokubai Co., Ltd.
53,912
1,987,237
Nippon Steel Corp.
1,354,503
26,326,113
Nippon Telegraph & Telephone Corp.
1,910,339
54,077,162
Nippon Yusen K.K.
801,812
17,058,914
Nipro Corp.
197,712
1,400,958
Nishi-Nippon Railroad Co., Ltd.
116,366
1,977,260
Nissan Chemical Corp.
216,982
9,411,380
Nissan Motor Co., Ltd.
3,254,290
12,179,567
Nisshin Seifun Group, Inc.
426,618
5,340,550
Nissin Foods Holdings Co., Ltd.
111,967
9,528,595
Niterra Co., Ltd.
318,249
5,876,838
Nitori Holdings Co., Ltd.
123,853
15,065,539
Nitto Denko Corp.
242,696
17,249,195
Noevir Holdings Co., Ltd.
26,682
994,977
NOF Corp.
110,958
4,717,393
NOK Corp.
198,375
2,626,731
Nomura Holdings, Inc.
4,962,955
17,370,254
Nomura Real Estate Holdings, Inc.
169,556
4,095,849
Nomura Real Estate Master Fund,
Inc.
7,424
8,709,112
Nomura Research Institute Ltd.
715,250
17,968,919
NS Solutions Corp.
58,008
1,677,360
NSK Ltd.
711,800
4,304,985
NTT Data Corp.
1,031,441
14,742,781
Obayashi Corp.
1,108,626
8,918,839
OBIC Business Consultants Co., Ltd.
55,080
1,998,752
Obic Co., Ltd.
109,225
17,660,185
Odakyu Electric Railway Co., Ltd.
506,025
7,359,573
Oji Holdings Corp.
1,416,545
5,444,545
OKUMA Corp.
53,500
2,557,921
Olympus Corp.
2,045,188
30,996,569
Omron Corp.
298,208
17,982,338
Ono Pharmaceutical Co., Ltd.
686,477
12,816,629
Open House Group Co., Ltd.
113,368
4,349,229
Oracle Corp. Japan
54,026
4,129,819
Orient Corp.
100,034
756,797
Oriental Land Co., Ltd.
1,552,405
58,078,381
ORIX Corp.
1,980,368
33,671,146
Orix JREIT, Inc.
4,271
5,704,245
Osaka Gas Co., Ltd.
651,856
10,306,337
OSG Corp.
134,630
1,849,157
10  
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Otsuka Corp.
165,906
6,246,041
Otsuka Holdings Co., Ltd.
688,164
25,479,529
PALTAC Corp.
49,272
1,733,328
Pan Pacific International Holdings
Corp.
655,337
11,158,764
Panasonic Holdings Corp.
3,532,724
36,929,058
Park24 Co., Ltd. *
221,904
3,305,173
Penta-Ocean Construction Co., Ltd.
481,944
2,428,433
PeptiDream, Inc. *
146,208
2,250,964
Persol Holdings Co., Ltd.
299,329
5,647,434
Pigeon Corp.
181,349
2,573,919
Pola Orbis Holdings, Inc.
124,759
1,686,789
Rakus Co., Ltd.
155,703
2,500,788
Rakuten Group, Inc. (a)
1,361,087
5,611,324
Recruit Holdings Co., Ltd.
2,234,183
68,601,403
Relo Group, Inc.
170,721
2,396,191
Renesas Electronics Corp. *
2,015,584
33,036,448
Rengo Co., Ltd.
366,792
2,178,988
RENOVA, Inc. *
72,513
836,639
Resona Holdings, Inc.
3,531,015
16,010,436
Resonac Holdings Corp.
321,891
4,914,243
Resorttrust, Inc.
102,260
1,489,454
Ricoh Co., Ltd.
926,076
7,728,623
Rinnai Corp.
176,757
3,746,036
Rohm Co., Ltd.
134,256
11,348,555
Rohto Pharmaceutical Co., Ltd.
318,730
6,775,422
Ryohin Keikaku Co., Ltd.
383,607
3,758,780
Sankyo Co., Ltd.
66,797
2,686,892
Sankyu, Inc.
80,117
2,706,597
Sanrio Co., Ltd.
90,627
3,619,502
Santen Pharmaceutical Co., Ltd.
550,650
4,993,548
Sanwa Holdings Corp.
343,266
3,994,922
Sapporo Holdings Ltd.
108,127
2,894,428
Sawai Group Holdings Co., Ltd.
63,985
1,511,294
SBI Holdings, Inc.
398,056
7,436,039
SBI Shinsei Bank Ltd.
111,722
2,246,195
SCREEN Holdings Co., Ltd.
63,322
6,612,518
SCSK Corp.
216,321
3,418,651
Secom Co., Ltd.
317,679
20,773,112
Sega Sammy Holdings, Inc.
257,929
5,004,799
Seibu Holdings, Inc.
332,096
3,460,844
Seiko Epson Corp.
450,746
6,836,279
Seino Holdings Co., Ltd.
225,763
2,556,326
Sekisui Chemical Co., Ltd.
541,852
7,465,663
Sekisui House Ltd.
929,270
18,114,496
Sekisui House REIT, Inc.
6,808
3,873,857
Seven & i Holdings Co., Ltd.
1,276,615
53,407,398
Seven Bank Ltd.
1,115,445
2,179,555
SG Holdings Co., Ltd.
715,207
10,483,799
Sharp Corp. *
328,590
1,881,487
SHIFT, Inc. *
17,818
3,119,409
Shikoku Electric Power Co., Inc. *
259,165
1,786,321
Shimadzu Corp.
443,634
13,717,202
Shimamura Co., Ltd.
37,166
3,351,763
Shimano, Inc.
127,868
20,052,162
Shimizu Corp.
899,320
5,445,548
Shin-Etsu Chemical Co., Ltd.
3,208,991
98,694,015
Shinko Electric Industries Co., Ltd.
111,247
3,965,287
Shionogi & Co., Ltd.
435,064
19,543,082
Ship Healthcare Holdings, Inc.
129,766
2,197,519
Shiseido Co., Ltd.
643,982
29,245,720
Shizuoka Financial Group, Inc.
837,016
6,146,644
SHO-BOND Holdings Co., Ltd.
73,785
2,967,983
Shochiku Co., Ltd.
18,941
1,590,222
Skylark Holdings Co., Ltd. *
360,364
4,753,612
SMC Corp.
93,496
50,242,849
SMS Co., Ltd.
85,321
1,772,190
Softbank Corp.
4,545,516
48,329,557
SoftBank Group Corp.
1,600,260
62,709,255
SECURITY
NUMBER
OF SHARES
VALUE ($)
Sohgo Security Services Co., Ltd.
107,322
3,018,827
Sojitz Corp.
380,810
7,618,108
Sompo Holdings, Inc.
511,848
20,845,400
Sony Group Corp.
2,048,730
192,973,459
Sotetsu Holdings, Inc.
125,760
2,298,001
Square Enix Holdings Co., Ltd.
124,475
5,568,255
Stanley Electric Co., Ltd.
252,760
5,089,030
Subaru Corp.
995,393
17,091,564
Sugi Holdings Co., Ltd.
55,893
2,316,290
SUMCO Corp.
555,690
7,918,826
Sumitomo Bakelite Co., Ltd.
53,724
2,111,046
Sumitomo Chemical Co., Ltd.
2,519,424
7,501,559
Sumitomo Corp.
1,856,526
35,033,681
Sumitomo Electric Industries Ltd.
1,225,481
14,507,716
Sumitomo Forestry Co., Ltd.
230,557
5,189,863
Sumitomo Heavy Industries Ltd.
186,533
4,152,150
Sumitomo Metal Mining Co., Ltd.
397,049
12,021,023
Sumitomo Mitsui Financial Group,
Inc.
2,125,300
86,371,924
Sumitomo Mitsui Trust Holdings, Inc.
599,651
21,052,057
Sumitomo Pharma Co., Ltd.
267,536
1,219,772
Sumitomo Realty & Development
Co., Ltd.
651,030
15,698,530
Sumitomo Rubber Industries Ltd.
280,644
2,474,705
Sundrug Co., Ltd.
108,600
3,085,868
Suntory Beverage & Food Ltd.
206,823
7,594,045
Suzuken Co., Ltd.
109,836
2,751,501
Suzuki Motor Corp.
758,387
24,980,116
Sysmex Corp.
311,250
20,337,124
T&D Holdings, Inc.
841,480
11,455,427
Taiheiyo Cement Corp.
178,630
3,033,955
Taisei Corp.
290,323
9,215,779
Taisho Pharmaceutical Holdings Co.,
Ltd.
71,250
2,641,628
Taiyo Yuden Co., Ltd.
199,100
6,191,815
Takara Bio, Inc.
94,472
1,100,139
Takara Holdings, Inc.
294,210
2,154,220
Takashimaya Co., Ltd.
225,680
3,027,050
Takeda Pharmaceutical Co., Ltd.
2,505,990
79,297,010
TBS Holdings, Inc.
59,657
968,415
TDK Corp.
587,765
22,464,768
TechnoPro Holdings, Inc.
178,732
3,882,558
Teijin Ltd.
297,144
2,743,555
Terumo Corp.
1,079,841
32,816,841
The Bank of Kyoto Ltd.
117,012
5,468,907
The Chiba Bank Ltd.
1,002,928
6,252,373
The Chugoku Electric Power Co.,
Inc. *
498,718
3,048,385
The Hachijuni Bank Ltd.
744,236
3,126,841
The Japan Steel Works Ltd.
101,898
2,090,982
The Kansai Electric Power Co., Inc.
1,192,791
13,625,555
The Yokohama Rubber Co., Ltd.
223,736
4,696,831
THK Co., Ltd.
187,320
3,949,789
TIS, Inc.
384,985
10,774,014
Tobu Railway Co., Ltd.
334,088
8,727,919
Toda Corp.
410,297
2,270,047
Toei Animation Co., Ltd. (a)
9,067
841,706
Toho Co., Ltd.
177,258
6,965,225
Toho Gas Co., Ltd.
150,419
2,626,936
Tohoku Electric Power Co., Inc. *
779,230
4,657,031
Tokai Carbon Co., Ltd.
313,312
2,592,339
Tokio Marine Holdings, Inc.
3,079,351
69,294,489
Tokyo Century Corp.
100,455
3,530,287
Tokyo Electric Power Co. Holdings,
Inc. *
2,549,926
8,778,688
Tokyo Electron Ltd.
737,043
101,893,036
Tokyo Gas Co., Ltd.
686,058
14,579,009
Tokyo Ohka Kogyo Co., Ltd.
62,085
3,679,374
  11
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Tokyo Tatemono Co., Ltd.
321,634
3,959,564
Tokyu Corp.
1,025,468
13,226,163
Tokyu Fudosan Holdings Corp.
1,002,445
5,338,146
Toppan, Inc.
437,554
9,342,043
Toray Industries, Inc.
2,472,408
13,045,551
Toshiba Corp.
703,293
22,646,926
Toshiba TEC Corp.
38,876
1,136,660
Tosoh Corp.
455,579
5,233,542
TOTO Ltd.
235,898
7,150,471
Toyo Seikan Group Holdings Ltd.
245,034
3,709,315
Toyo Suisan Kaisha Ltd.
145,180
6,328,212
Toyo Tire Corp.
163,280
1,980,887
Toyoda Gosei Co., Ltd.
125,666
2,065,126
Toyota Boshoku Corp.
102,150
1,663,324
Toyota Industries Corp.
268,235
16,549,302
Toyota Motor Corp.
19,870,052
271,423,929
Toyota Tsusho Corp.
364,580
16,022,053
Trend Micro, Inc.
189,255
8,994,404
TS Tech Co., Ltd.
177,534
2,209,724
Tsumura & Co.
116,789
2,307,944
Tsuruha Holdings, Inc.
61,839
4,266,743
UBE Corp.
170,899
2,758,310
Ulvac, Inc.
81,615
3,312,150
Unicharm Corp.
639,146
24,286,770
United Urban Investment Corp.
4,993
5,289,081
Ushio, Inc.
163,691
2,221,366
USS Co., Ltd.
342,698
5,565,485
Welcia Holdings Co., Ltd.
163,506
3,449,992
West Japan Railway Co.
380,469
15,906,090
Workman Co., Ltd.
72,036
2,773,887
Yakult Honsha Co., Ltd.
216,188
14,003,517
Yamada Holdings Co., Ltd.
996,450
2,945,524
Yamaguchi Financial Group, Inc.
384,560
2,510,244
Yamaha Corp.
250,227
9,904,128
Yamaha Motor Co., Ltd.
498,280
12,268,426
Yamato Holdings Co., Ltd.
553,595
10,115,793
Yamato Kogyo Co., Ltd.
54,613
2,134,252
Yamazaki Baking Co., Ltd.
199,865
2,872,483
Yaoko Co., Ltd.
36,515
1,811,180
Yaskawa Electric Corp.
423,919
17,901,600
Yokogawa Electric Corp.
390,370
7,353,926
Z Holdings Corp.
4,246,861
10,550,660
Zenkoku Hosho Co., Ltd.
76,738
2,737,995
Zensho Holdings Co., Ltd.
160,966
6,543,942
Zeon Corp.
241,417
2,498,579
ZOZO, Inc.
174,808
3,558,343
 
6,430,890,965
 
Netherlands 3.9%
Aalberts N.V.
160,360
6,752,914
ABN AMRO Bank N.V., GDR
654,114
9,487,463
Adyen N.V. *
48,721
79,304,244
Aegon N.V.
2,800,347
12,285,131
Akzo Nobel N.V.
294,149
22,089,445
Allfunds Group plc
569,391
3,872,838
ArcelorMittal S.A.
791,195
19,594,349
ASM International N.V.
75,560
32,656,812
ASML Holding N.V.
668,073
478,264,367
ASR Nederland N.V.
238,243
10,108,840
BE Semiconductor Industries N.V.
129,310
14,206,209
CTP N.V.
178,333
2,281,450
DSM-Firmenich AG *
288,600
32,010,669
EXOR N.V. *
169,324
14,018,902
Heineken Holding N.V.
198,453
16,830,458
Heineken N.V.
416,707
41,972,880
IMCD N.V.
93,569
14,020,417
ING Groep N.V.
6,004,189
73,663,491
InPost S.A. *
336,350
3,618,101
SECURITY
NUMBER
OF SHARES
VALUE ($)
JDE Peet's N.V.
126,976
3,679,334
Just Eat Takeaway.com N.V *
326,693
4,899,709
Koninklijke Ahold Delhaize N.V.
1,582,361
50,035,104
Koninklijke KPN N.V.
5,313,226
18,228,142
Koninklijke Philips N.V.
1,538,480
28,942,512
Koninklijke Vopak N.V.
108,572
3,802,343
NN Group N.V.
463,934
16,677,919
OCI N.V.
157,048
3,480,847
Prosus N.V. *
1,228,700
80,651,621
Randstad N.V.
181,037
8,851,145
Signify N.V.
207,781
5,280,927
Universal Music Group N.V.
1,228,441
24,228,366
Wolters Kluwer N.V.
417,295
47,513,007
 
1,183,309,956
 
New Zealand 0.3%
Air New Zealand Ltd. *
2,349,488
1,091,328
Auckland International Airport Ltd. *
1,963,190
10,442,663
Contact Energy Ltd.
1,331,371
6,271,944
EBOS Group Ltd.
262,225
6,613,485
Fisher & Paykel Healthcare Corp.,
Ltd.
951,503
13,259,089
Fletcher Building Ltd.
1,378,789
4,148,414
Infratil Ltd.
1,158,710
6,944,729
Kiwi Property Group Ltd.
2,509,190
1,368,534
Mainfreight Ltd.
133,818
5,566,146
Mercury NZ Ltd.
1,078,029
4,238,526
Meridian Energy Ltd.
2,076,931
6,609,934
Ryman Healthcare Ltd.
882,097
3,357,149
SKYCITY Entertainment Group Ltd.
1,355,374
1,787,156
Spark New Zealand Ltd.
3,079,631
9,524,209
The a2 Milk Co., Ltd. *
1,217,897
4,219,092
 
85,442,398
 
Norway 0.6%
Adevinta A.S.A. *
459,680
3,205,357
Aker A.S.A., A Shares
39,989
2,171,180
Aker BP A.S.A.
498,542
10,791,427
AutoStore Holdings Ltd. *
1,205,741
2,530,953
DNB Bank A.S.A.
1,693,571
28,238,976
Equinor A.S.A. (a)
1,523,449
38,793,915
Gjensidige Forsikring A.S.A.
292,532
4,896,120
Kongsberg Gruppen A.S.A.
121,054
4,830,014
Leroy Seafood Group A.S.A.
410,172
1,827,248
Mowi A.S.A.
746,345
12,759,523
Nordic Semiconductor A.S.A. *
256,740
2,679,619
Norsk Hydro A.S.A.
2,198,154
13,232,777
Orkla A.S.A.
1,252,057
8,973,321
Salmar A.S.A.
115,376
5,063,189
Schibsted A.S.A., A Shares
128,979
2,431,895
Schibsted A.S.A., B Shares
159,061
2,857,772
Telenor A.S.A.
1,035,392
10,592,768
Tomra Systems A.S.A.
375,776
5,952,146
Var Energi A.S.A.
676,656
1,512,661
Yara International A.S.A.
266,876
9,920,177
 
173,261,038
 
Poland 0.2%
Allegro.eu S.A. *
681,722
5,693,238
Bank Polska Kasa Opieki S.A.
258,711
5,855,175
Dino Polska S.A. *
80,171
7,843,215
KGHM Polska Miedz S.A.
224,097
5,511,208
LPP S.A. *
1,897
5,352,142
Pepco Group N.V. *
256,298
2,410,373
Polski Koncern Naftowy Orlen S.A.
942,882
13,343,224
12  
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Powszechna Kasa Oszczednosci
Bank Polski S.A.
1,452,162
10,952,885
Powszechny Zaklad Ubezpieczen
S.A.
933,672
8,469,069
Santander Bank Polska S.A.
46,875
3,709,663
 
69,140,192
 
Portugal 0.2%
EDP - Energias de Portugal S.A.
4,706,168
22,888,683
EDP Renovaveis S.A.
398,475
7,893,050
EDP Renovaveis S.A. Interim
Shares *(b)
5,332
105,617
Galp Energia, SGPS, S.A.
833,664
8,795,263
Jeronimo Martins, SGPS, S.A.
459,838
11,069,471
 
50,752,084
 
Republic of Korea 4.4%
Alteogen, Inc. *
49,616
1,887,819
Amorepacific Corp.
52,006
4,094,652
AMOREPACIFIC Group
49,136
1,077,308
BGF retail Co., Ltd.
11,117
1,594,784
BNK Financial Group, Inc.
489,102
2,472,687
Celltrion Healthcare Co., Ltd.
165,347
9,218,819
Celltrion Pharm, Inc. *
33,668
2,161,246
Celltrion, Inc.
180,961
23,355,524
Cheil Worldwide, Inc.
109,114
1,506,920
CJ CheilJedang Corp.
13,402
3,130,247
CJ Corp.
20,569
1,373,075
CJ ENM Co., Ltd. *
17,783
1,018,277
CJ Logistics Corp.
12,531
769,468
Coway Co., Ltd.
91,845
3,331,955
Daewoo Engineering & Construction
Co., Ltd. *
330,120
1,068,273
Daewoo Shipbuilding & Marine
Engineering Co., Ltd. *
79,508
1,698,287
DB Insurance Co., Ltd.
69,518
3,875,933
DGB Financial Group, Inc.
269,604
1,423,940
DL E&C Co., Ltd.
51,796
1,416,609
DL Holdings Co., Ltd.
19,289
664,887
Dongsuh Cos., Inc.
53,803
824,932
Doosan Bobcat, Inc.
41,609
1,677,213
Doosan Enerbility Co., Ltd. *
694,598
8,415,246
Ecopro BM Co., Ltd.
64,882
12,172,249
E-MART, Inc.
33,151
2,105,579
F&F Co., Ltd.
25,234
2,460,184
Fila Holdings Corp.
81,392
2,229,120
Green Cross Corp.
9,021
855,712
GS Engineering & Construction Corp.
108,060
1,689,392
GS Holdings Corp.
84,910
2,463,014
GS Retail Co., Ltd.
61,985
1,160,540
Hana Financial Group, Inc.
470,235
14,685,433
Hanjin Kal Corp.
39,025
1,493,667
Hankook Tire & Technology Co., Ltd.
118,766
3,087,155
Hanmi Pharm Co., Ltd.
12,762
2,812,496
Hanmi Science Co., Ltd.
43,969
1,197,573
Hanon Systems
285,788
2,019,734
Hanwha Aerospace Co., Ltd.
58,955
4,712,846
Hanwha Corp.
97,564
2,242,006
Hanwha Galleria Co. Ltd. *
185,485
231,009
Hanwha Life Insurance Co., Ltd. *
480,571
914,253
Hanwha Solutions Corp. *
164,467
5,545,224
HD Hyundai Co., Ltd.
79,557
3,422,644
HD Hyundai Heavy Industries Co.,
Ltd. *
32,360
2,830,662
HD Hyundai Infracore Co., Ltd.
249,131
1,788,825
SECURITY
NUMBER
OF SHARES
VALUE ($)
HD Korea Shipbuilding & Offshore
Engineering Co., Ltd. *
68,108
4,936,515
Hite Jinro Co., Ltd.
55,312
954,338
HL Mando Co., Ltd.
54,151
1,966,531
HLB, Inc. *
160,572
4,476,296
HMM Co., Ltd.
464,205
6,208,053
Hotel Shilla Co., Ltd.
53,082
3,087,535
HYBE Co., Ltd. *
29,078
6,002,917
Hyundai Department Store Co., Ltd.
26,242
1,010,334
Hyundai Engineering & Construction
Co., Ltd.
111,665
3,222,279
Hyundai Glovis Co., Ltd.
29,149
3,711,570
Hyundai Marine & Fire Insurance Co.,
Ltd.
89,670
2,215,992
Hyundai Mipo Dockyard Co., Ltd. *
31,752
1,784,667
Hyundai Mobis Co., Ltd.
102,874
17,284,537
Hyundai Motor Co.
227,229
34,240,573
Hyundai Steel Co.
114,470
2,811,619
Hyundai Wia Corp.
27,566
1,275,233
Industrial Bank of Korea
414,162
3,185,982
Kakao Corp.
506,213
21,434,674
Kakao Games Corp. *
43,456
1,272,003
KakaoBank Corp.
274,448
5,417,621
Kakaopay Corp. *
33,830
1,531,876
Kangwon Land, Inc.
172,848
2,374,096
KB Financial Group, Inc.
637,941
23,071,138
KCC Corp.
6,714
1,054,714
KEPCO Plant Service & Engineering
Co., Ltd.
36,107
924,949
Kia Corp.
428,491
27,732,060
Korea Aerospace Industries Ltd.
109,908
4,264,654
Korea Electric Power Corp. *
419,282
6,027,426
Korea Gas Corp. *
40,000
791,109
Korea Investment Holdings Co., Ltd.
58,966
2,461,267
Korea Zinc Co., Ltd.
15,365
5,562,541
Korean Air Lines Co., Ltd.
302,359
5,034,571
Krafton, Inc. *
46,945
6,688,491
KT&G Corp.
176,038
11,088,172
Kumho Petrochemical Co., Ltd.
26,620
2,545,171
L&F Co., Ltd.
38,519
7,835,849
LG Chem Ltd.
75,535
39,439,258
LG Corp.
141,607
9,175,515
LG Display Co., Ltd. *
373,182
4,419,982
LG Electronics, Inc.
184,279
17,049,886
LG Energy Solution Ltd. *
57,032
25,739,060
LG H&H Co., Ltd.
15,699
6,233,470
LG Innotek Co., Ltd.
24,370
5,636,911
LG Uplus Corp.
346,120
2,931,165
Lotte Chemical Corp.
31,451
3,954,923
Lotte Chilsung Beverage Co., Ltd.
3,846
405,681
Lotte Corp.
40,618
863,008
Lotte Energy Materials Corp.
37,693
1,627,281
LOTTE Fine Chemical Co., Ltd.
28,195
1,249,098
Lotte Shopping Co., Ltd.
18,985
1,144,321
LS Corp.
29,828
1,845,077
Meritz Financial Group, Inc. *
215,853
7,310,297
Mirae Asset Securities Co., Ltd.
664,892
3,656,969
NAVER Corp.
238,525
35,852,882
NCSoft Corp.
25,784
6,235,950
Netmarble Corp. *
26,067
1,097,868
NH Investment & Securities Co., Ltd.
253,457
1,907,731
NHN Corp. *
32,330
639,414
NongShim Co., Ltd.
5,505
1,820,829
Oci Co., Ltd. *
8,923
971,401
OCI Holdings Co., Ltd.
19,692
1,278,923
Orion Corp.
37,123
3,613,706
Ottogi Corp.
2,455
822,187
Pan Ocean Co., Ltd.
278,683
988,960
Paradise Co., Ltd. *
65,435
707,965
  13
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Pearl Abyss Corp. *
45,492
1,710,342
POSCO Future M Co., Ltd.
44,125
11,635,901
POSCO Holdings, Inc.
124,671
33,815,453
Posco International Corp.
72,570
1,645,777
S-1 Corp.
31,781
1,300,213
Samsung Biologics Co., Ltd. *
29,969
17,702,540
Samsung C&T Corp.
136,134
11,344,073
Samsung Card Co., Ltd.
58,747
1,330,079
Samsung Electro-Mechanics Co.,
Ltd.
93,391
10,378,732
Samsung Electronics Co., Ltd.
7,851,314
422,364,905
Samsung Engineering Co., Ltd. *
258,765
5,517,461
Samsung Fire & Marine Insurance
Co., Ltd.
56,762
9,643,873
Samsung Heavy Industries Co., Ltd. *
1,055,331
4,866,171
Samsung Life Insurance Co., Ltd.
119,505
5,969,623
Samsung SDI Co., Ltd.
86,212
46,637,948
Samsung SDS Co., Ltd.
62,186
5,823,861
Samsung Securities Co., Ltd.
100,197
2,774,338
SD Biosensor, Inc.
53,446
681,741
Seegene, Inc.
43,796
801,840
Shin Poong Pharmaceutical Co.,
Ltd. *
57,310
729,302
Shinhan Financial Group Co., Ltd.
827,296
21,847,222
Shinsegae, Inc.
10,836
1,614,072
SK Biopharmaceuticals Co., Ltd. *
42,173
2,335,442
SK Bioscience Co., Ltd. *
31,324
1,956,496
SK Chemicals Co., Ltd.
13,926
786,928
SK Hynix, Inc.
895,546
73,276,546
SK IE Technology Co., Ltd. *
38,640
2,579,396
SK Innovation Co., Ltd. *
87,156
12,417,555
SK Networks Co., Ltd.
178,653
651,483
SK Square Co., Ltd. *
157,962
5,492,519
SK Telecom Co., Ltd.
28,563
1,069,566
SK, Inc.
57,296
7,243,751
SKC Co., Ltd.
32,726
2,339,949
S-Oil Corp.
65,364
3,555,683
Solus Advanced Materials Co., Ltd.
24,158
716,231
SSANGYONG C&E Co., Ltd.
202,732
887,454
Wemade Co., Ltd.
25,037
895,088
Woori Financial Group, Inc.
1,061,783
9,583,847
Yuhan Corp.
87,815
3,923,473
 
1,324,131,363
 
Singapore 1.2%
CapitaLand Ascendas REIT
5,537,463
11,035,281
CapitaLand Ascott Trust
3,526,179
2,758,792
CapitaLand Integrated Commercial
Trust
8,238,087
12,160,884
CapitaLand Investment Ltd.
4,189,540
10,235,360
City Developments Ltd.
792,738
3,949,501
ComfortDelGro Corp., Ltd.
3,526,482
2,863,144
DBS Group Holdings Ltd.
2,994,392
66,966,880
Frasers Logistics & Commercial Trust
4,850,244
4,439,091
Genting Singapore Ltd.
9,432,925
7,031,962
Hutchison Port Holdings Trust,
Class U
8,509,039
1,557,154
Jardine Cycle & Carriage Ltd.
162,150
3,869,291
Keppel Corp., Ltd.
2,277,298
10,606,156
Keppel DC REIT
2,124,600
3,277,421
Keppel REIT
3,790,287
2,433,886
Mapletree Industrial Trust
3,181,441
5,330,384
Mapletree Logistics Trust
5,258,456
6,442,807
Mapletree Pan Asia Commercial
Trust
3,659,675
4,456,924
NetLink NBN Trust
4,895,964
3,125,814
Olam Group Ltd.
1,909,168
2,000,973
SECURITY
NUMBER
OF SHARES
VALUE ($)
Oversea-Chinese Banking Corp., Ltd.
5,813,932
52,653,021
SATS Ltd. *
1,434,510
2,731,694
Seatrium Ltd. *
70,329,468
6,384,858
Sembcorp Industries Ltd.
1,569,193
5,825,767
SIA Engineering Co., Ltd. *
363,194
632,644
Singapore Airlines Ltd.
2,174,643
10,288,565
Singapore Exchange Ltd.
1,313,941
8,999,795
Singapore Post Ltd.
2,270,084
745,608
Singapore Technologies Engineering
Ltd.
2,576,851
6,961,121
Singapore Telecommunications Ltd.
12,352,085
22,701,179
StarHub Ltd.
955,552
712,335
Suntec Real Estate Investment Trust
3,449,007
3,334,834
United Overseas Bank Ltd.
2,149,801
44,349,513
UOL Group Ltd.
843,745
3,954,520
Venture Corp., Ltd.
443,710
4,968,137
Wilmar International Ltd.
3,559,030
10,271,106
 
350,056,402
 
Spain 2.1%
Acciona S.A.
37,407
6,033,786
ACS, Actividades de Construccion y
Servicios S.A.
330,940
10,979,611
Aena SME S.A.
115,473
17,998,069
Amadeus IT Group S.A. *
747,252
53,295,592
Banco Bilbao Vizcaya Argentaria S.A.
10,010,119
65,311,363
Banco Santander S.A.
27,121,982
88,045,428
Bankinter S.A.
1,113,263
6,340,153
CaixaBank S.A.
6,274,591
22,924,381
Cellnex Telecom S.A. *
924,309
37,356,747
Corp. ACCIONA Energias Renovables
S.A. *
96,067
3,187,219
Enagas S.A.
410,539
7,814,701
Endesa S.A.
517,409
11,159,069
Ferrovial S.A.
786,210
24,265,275
Grifols S.A. *
547,843
6,334,083
Iberdrola S.A.
9,879,316
120,068,702
Industria de Diseno Textil S.A.
1,735,352
57,888,358
Inmobiliaria Colonial Socimi S.A.
561,045
3,274,763
Mapfre S.A.
1,670,822
3,273,963
Merlin Properties Socimi S.A.
541,514
4,439,500
Naturgy Energy Group S.A.
241,945
6,866,300
Red Electrica Corp. S.A.
728,357
12,303,669
Repsol S.A.
2,137,023
28,911,386
Telefonica S.A.
8,217,136
34,778,358
 
632,850,476
 
Sweden 2.6%
Alfa Laval AB
511,231
18,309,920
Assa Abloy AB, B Shares
1,605,216
35,515,456
Atlas Copco AB, A Shares
4,153,171
60,311,724
Atlas Copco AB, B Shares
2,557,189
32,095,264
Axfood AB
174,649
3,754,995
Beijer Ref AB
536,696
7,914,634
Boliden AB
454,952
13,813,342
Boliden AB Redemption Shares *
456,635
481,658
Castellum AB (a)
637,924
5,955,114
Electrolux AB, B Shares (a)
364,112
4,780,735
Epiroc AB, A Shares
1,041,615
18,183,951
Epiroc AB, B Shares
604,043
9,096,498
EQT AB (a)
558,109
10,517,490
Essity AB, B Shares
1,003,714
26,597,001
Evolution AB
265,969
34,838,234
Fastighets AB Balder, B Shares *
1,089,388
3,647,442
Getinge AB, B Shares
365,432
8,377,309
H & M Hennes & Mauritz AB,
B Shares
1,093,947
13,613,527
14  
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Hexagon AB, B Shares
3,072,415
35,513,048
Holmen AB, B Shares
154,135
5,812,140
Husqvarna AB, B Shares
693,362
5,102,934
Industrivarden AB, A Shares
223,295
5,990,861
Industrivarden AB, C Shares
267,276
7,124,184
Indutrade AB
461,049
10,810,734
Investment AB Latour, B Shares
231,707
4,575,125
Investor AB, A Shares
886,405
18,170,179
Investor AB, B Shares
2,989,892
60,615,942
Kinnevik AB, B Shares *
402,963
5,766,611
L E Lundbergfortagen AB, B Shares
132,143
5,480,664
Lifco AB, B Shares
378,627
7,970,106
Nibe Industrier AB, B Shares
2,422,492
23,048,352
Saab AB, B Shares
149,484
8,114,516
Sagax AB, Class B
294,372
5,782,713
Sandvik AB
1,792,361
31,397,113
Securitas AB, B Shares
796,286
5,847,254
Skandinaviska Enskilda Banken AB,
A Shares
2,746,454
28,628,873
Skanska AB, B Shares
586,148
7,701,419
SKF AB, B Shares
630,550
9,959,163
SSAB AB, A Shares
217,841
1,388,677
SSAB AB, B Shares
1,244,937
7,682,198
Svenska Cellulosa AB, S.C.A.,
B Shares
1,005,123
13,289,463
Svenska Handelsbanken AB,
A Shares
2,502,043
19,710,865
Sweco AB, B Shares
324,267
3,658,715
Swedbank AB, A Shares
1,677,521
25,593,771
Swedish Orphan Biovitrum AB *
292,581
5,860,438
Tele2 AB, B Shares
905,785
8,205,961
Telefonaktiebolaget LM Ericsson,
B Shares
5,102,921
26,312,610
Telia Co. AB
4,134,124
9,598,783
Trelleborg AB, B Shares
377,597
9,346,598
Volvo AB, A Shares
380,458
7,313,004
Volvo AB, B Shares
2,455,175
45,173,361
Volvo Car AB, B Shares *(a)
882,335
3,022,295
 
787,372,964
 
Switzerland 8.2%
ABB Ltd.
2,524,338
91,844,316
Adecco Group AG
260,296
7,733,566
Alcon, Inc.
764,125
59,063,690
Bachem Holding AG, Class B
49,074
5,132,062
Baloise Holding AG
73,614
11,265,765
Banque Cantonale Vaudoise
47,678
4,780,057
Barry Callebaut AG
5,982
12,047,106
Belimo Holding AG
15,173
6,878,183
BKW AG
29,126
5,202,949
Chocoladefabriken Lindt & Spruengli
AG
161
19,408,412
Chocoladefabriken Lindt & Spruengli
AG, Participation Certificates
1,781
21,216,529
Cie Financiere Richemont S.A.,
Class A
846,059
133,783,108
Clariant AG *
374,687
5,381,655
Credit Suisse Group AG *
5,547,320
4,571,844
DKSH Holding AG
58,797
4,222,527
Emmi AG
3,544
3,589,940
EMS-Chemie Holding AG
12,162
9,379,434
Flughafen Zuerich AG
30,205
5,802,109
Geberit AG
56,047
29,576,189
Georg Fischer AG
136,230
8,948,872
Givaudan S.A.
13,115
42,982,596
Helvetia Holding AG
59,952
8,479,783
Holcim AG *
905,698
55,620,944
SECURITY
NUMBER
OF SHARES
VALUE ($)
Julius Baer Group Ltd.
348,421
21,206,743
Kuehne & Nagel International AG
82,509
23,385,748
Logitech International S.A.
236,268
15,083,521
Lonza Group AG
123,137
76,698,800
Nestle S.A.
4,468,653
527,449,170
Novartis AG
3,299,794
314,620,188
Partners Group Holding AG
36,705
32,956,806
PSP Swiss Property AG
76,526
8,187,106
Roche Holding AG
1,146,567
361,473,073
Roche Holding AG, Bearer Shares
52,054
17,481,352
Schindler Holding AG
30,941
6,180,415
Schindler Holding AG, Participation
Certificates
67,491
13,924,195
SGS S.A.
242,834
21,474,266
SIG Group AG *
544,214
14,787,809
Sika AG
240,561
65,367,120
Sonova Holding AG
83,989
21,444,000
Straumann Holding AG
175,770
25,592,066
Swiss Life Holding AG
50,257
28,917,773
Swiss Prime Site AG
125,683
10,565,814
Swiss Re AG
480,355
47,933,034
Swisscom AG
42,279
26,676,724
Tecan Group AG
21,282
8,120,288
Temenos AG
97,477
8,182,886
The Swatch Group AG
73,823
4,126,626
The Swatch Group AG, Bearer
Shares
48,164
14,257,155
UBS Group AG
4,728,542
89,175,807
VAT Group AG
42,656
17,512,221
Zurich Insurance Group AG
245,757
114,524,402
 
2,494,216,744
 
United Kingdom 13.2%
3i Group plc
1,583,312
38,373,890
abrdn plc
3,353,635
8,250,643
Admiral Group plc
468,748
13,507,466
Airtel Africa plc
1,876,232
2,771,879
Anglo American plc
1,993,193
54,928,532
Antofagasta plc
580,537
9,623,548
Ashtead Group plc
720,569
43,760,589
Associated British Foods plc
573,185
12,968,453
AstraZeneca plc
2,449,415
353,974,866
Auto Trader Group plc
1,513,869
11,820,623
Aviva plc
4,662,829
22,781,253
B&M European Value Retail S.A.
1,566,607
9,898,546
BAE Systems plc
5,075,181
58,385,446
Barclays plc
26,090,752
48,938,632
Barratt Developments plc
1,654,965
9,492,785
Beazley plc
1,079,574
8,101,736
Berkeley Group Holdings plc
176,571
8,591,741
BP plc
29,311,235
164,676,390
British American Tobacco plc
3,710,244
117,468,083
BT Group plc
11,710,230
21,313,309
Bunzl plc
557,525
21,724,930
Burberry Group plc
620,628
16,568,705
Centrica plc
9,762,983
14,235,934
Coca-Cola HBC AG *
318,326
9,421,454
Compass Group plc
2,902,477
79,213,208
ConvaTec Group plc
2,652,753
6,667,703
CRH plc
1,236,023
58,305,140
Croda International plc
235,142
17,777,535
DCC plc
164,285
9,360,174
Dechra Pharmaceuticals plc
183,128
7,580,760
Derwent London plc
185,300
4,933,115
Diageo plc
3,686,070
152,908,206
Direct Line Insurance Group plc
2,115,127
4,349,049
Dowlais Group plc *
2,189,299
3,549,150
DS Smith plc
2,304,896
8,675,762
  15
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Endeavour Mining plc
306,284
8,169,173
Entain plc
974,825
15,936,133
Experian plc
1,527,789
53,625,102
Ferguson plc
344,300
49,820,194
Flutter Entertainment plc *
291,938
56,933,630
Fresnillo plc
297,194
2,386,858
Glencore plc
20,916,047
106,661,621
GSK plc
6,619,842
110,467,170
Haleon plc
8,664,973
34,172,668
Halma plc
626,469
18,704,577
Hargreaves Lansdown plc
629,191
6,255,711
Hikma Pharmaceuticals plc
271,729
6,033,430
Hiscox Ltd.
558,452
8,111,944
Howden Joinery Group plc
952,126
7,741,226
HSBC Holdings plc
33,371,798
244,236,749
IMI plc
413,631
8,171,709
Imperial Brands plc
1,524,772
32,032,152
Informa plc
2,330,475
20,132,084
InterContinental Hotels Group plc
288,019
18,805,220
Intermediate Capital Group plc
451,358
7,787,031
International Consolidated Airlines
Group S.A. *
1,874,550
3,587,202
Intertek Group plc
270,642
13,933,916
ITV plc
6,349,366
5,492,844
J Sainsbury plc
2,894,566
9,707,843
J.D. Sports Fashion plc
4,129,680
7,779,855
Johnson Matthey plc
289,643
6,210,415
Kingfisher plc
3,233,992
9,258,965
Land Securities Group plc
1,226,566
9,151,640
Legal & General Group plc
9,795,575
27,692,791
Lloyds Banking Group plc
111,461,261
61,018,686
London Stock Exchange Group plc
700,705
74,252,800
M&G plc
3,602,543
8,849,614
Melrose Industries plc
2,189,299
12,796,476
Mondi plc
781,453
12,058,234
National Grid plc (a)
6,056,831
83,025,612
NatWest Group plc
8,969,526
28,859,293
Next plc
202,243
15,906,882
NMC Health plc *(b)
136,583
0
Ocado Group plc *
987,063
4,514,220
Pearson plc
1,185,021
11,723,284
Persimmon plc
519,396
7,734,529
Phoenix Group Holdings plc
1,184,346
8,108,561
Prudential plc
4,545,493
59,491,705
Reckitt Benckiser Group plc
1,184,821
91,720,460
RELX plc
3,186,384
99,125,031
Renishaw plc
57,724
2,894,635
Rentokil Initial plc
4,172,750
33,026,518
Rightmove plc
1,324,905
8,597,969
Rio Tinto plc
1,800,956
106,739,257
Rolls-Royce Holdings plc *
13,950,301
24,776,575
RS Group plc
769,429
7,596,619
Schroders plc
1,444,098
8,154,398
Segro plc
1,967,366
19,448,307
Severn Trent plc
408,919
14,053,958
Shell plc
11,549,423
317,850,258
Smith & Nephew plc
1,436,928
21,406,762
Smiths Group plc
577,989
11,504,735
Smurfit Kappa Group plc
425,544
15,052,545
Spirax-Sarco Engineering plc
122,919
16,643,780
SSE plc
1,798,606
41,942,254
St. James's Place plc
904,674
12,501,971
Standard Chartered plc
3,922,318
30,801,330
Tate & Lyle plc
641,696
6,251,200
Taylor Wimpey plc
5,883,770
8,327,858
Tesco plc
11,961,150
38,662,686
The British Land Co., plc
1,481,957
6,300,010
The Sage Group plc
1,693,009
18,276,327
The Unite Group plc
536,961
5,956,310
SECURITY
NUMBER
OF SHARES
VALUE ($)
The Weir Group plc
426,774
8,962,951
Unilever plc
4,162,143
207,838,389
United Utilities Group plc
1,130,943
14,192,119
Vodafone Group plc
39,170,928
37,076,451
Whitbread plc
337,344
13,738,903
Wise plc, Class A *
1,152,143
8,287,915
WPP plc
1,727,903
18,284,665
 
4,008,232,130
Total Common Stocks
(Cost $26,940,845,161)
29,982,187,713
 
PREFERRED STOCKS 0.6% OF NET ASSETS
 
Germany 0.3%
Bayerische Motoren Werke AG
98,708
10,118,118
FUCHS PETROLUB SE
118,176
4,182,784
Henkel AG & Co. KGaA
280,697
22,306,182
Sartorius AG
40,368
13,491,892
Sixt SE
21,978
1,562,831
Volkswagen AG
329,110
40,903,759
 
92,565,566
 
Italy 0.0%
Telecom Italia S.p.A. - RSP *
10,546,898
2,718,812
 
Republic of Korea 0.3%
Hyundai Motor Co., Ltd.
46,765
3,713,717
Hyundai Motor Co., Ltd. 2nd
55,453
4,407,830
LG Chem Ltd.
15,687
4,266,722
LG Electronics, Inc.
13,984
565,787
Samsung Electronics Co., Ltd.
1,378,420
60,859,229
Samsung SDI Co., Ltd.
3,312
849,679
 
74,662,964
 
Spain 0.0%
Grifols S.A., B Shares *
404,581
3,316,881
Total Preferred Stocks
(Cost $171,180,336)
173,264,223
 
RIGHTS 0.0% OF NET ASSETS
 
Hong Kong 0.0%
Haitong International Securities Group Ltd.
expires 06/12/23, strike HKD
0.65 *
1,715,322
2,191
Total Rights
(Cost $0)
2,191
 
16  
Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
SHORT-TERM INVESTMENTS 0.3% OF NET ASSETS
 
Money Market Funds 0.3%
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 5.02% (c)
9,691,354
9,691,354
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 5.02% (c)(d)
94,744,762
94,744,762
 
104,436,116
Total Short-Term Investments
(Cost $104,436,116)
104,436,116
Total Investments in Securities
(Cost $27,216,461,613)
30,259,890,243
 
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
DEPRECIATION
($)
FUTURES CONTRACTS
Long
MSCI EAFE Index, expires
06/16/23
1,872
192,198,240
(6,920,570
)
 
*
Non-income producing security.
(a)
All or a portion of this security is on loan. Securities on loan were valued at
$89,611,971.
(b)
Fair valued using significant unobservable inputs (see Notes for additional
information).
(c)
The rate shown is the annualized 7-day yield.
(d)
Security purchased with cash collateral received for securities on loan.
 
CVA —
Dutch Certificate
GDR —
Global Depositary Receipt
REIT —
Real Estate Investment Trust
RSP —
Risparmio (Savings Shares)
 
HKD —
Hong Kong Dollar
 
The following is a summary of the inputs used to value the fund’s investments as of May 31, 2023:  
DESCRIPTION
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
TOTAL
Assets
Common Stocks1
$25,209,483,395
$—
$—
$25,209,483,395
Hong Kong
713,720,104
—
0
*
713,720,104
Portugal
50,646,467
—
105,617
50,752,084
United Kingdom
4,008,232,130
—
0
*
4,008,232,130
Preferred Stocks1
173,264,223
—
—
173,264,223
Rights1
2,191
—
—
2,191
Short-Term Investments1
104,436,116
—
—
104,436,116
Liabilities
Futures Contracts2
(6,920,570
)
—
—
(6,920,570
)
Total
$30,252,864,056
$—
$105,617
$30,252,969,673
 
*
Level 3 amount shown includes securities determined to have no value at May 31, 2023.
1
As categorized in the Portfolio Holdings.
2
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
Fund investments in mutual funds are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds, which could be Level 1, Level 2 or Level 3.
  17
Schwab Strategic Trust
Schwab International Small-Cap Equity ETF
Portfolio Holdings as of May 31, 2023 (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. You can also obtain this information at no cost by calling 1-866-414-6349 or by sending an email request to orders@mysummaryprospectus.com.  
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 99.2% OF NET ASSETS
 
Australia 6.4%
29Metals Ltd.
478,586
218,350
Abacus Property Group
939,818
1,563,082
Accent Group Ltd.
639,238
734,287
Alkane Resources Ltd. *
815,204
387,756
APM Human Services International Ltd.
543,756
728,416
Appen Ltd. *(a)
254,610
520,676
Arafura Rare Earths Ltd. *
3,337,179
799,072
ARB Corp., Ltd.
143,815
2,661,798
Ardent Leisure Group Ltd.
809,726
259,387
Arena REIT
618,967
1,490,100
Argosy Minerals Ltd. *(a)
2,400,167
737,802
AUB Group Ltd.
162,680
2,661,437
Audinate Group Ltd. *(a)
114,545
699,025
Aussie Broadband Ltd. *
344,284
619,393
Austal Ltd.
609,472
777,007
Australian Agricultural Co., Ltd. *
612,301
634,001
Australian Clinical Labs Ltd.
223,374
459,690
Australian Ethical Investment Ltd.
218,711
380,739
Australian Finance Group Ltd.
390,930
430,084
AVZ Minerals Ltd. *(b)
641,362
62,259
Baby Bunting Group Ltd.
236,487
277,007
Bapcor Ltd.
638,339
2,548,833
Bega Cheese Ltd.
559,474
1,303,429
Bellevue Gold Ltd. *
2,024,704
1,683,719
Blackmores Ltd.
28,138
1,712,604
Boss Energy Ltd. *
633,243
1,122,861
BrainChip Holdings Ltd. *(a)
1,816,575
534,896
Breville Group Ltd.
282,473
3,586,583
Brickworks Ltd.
110,245
1,828,573
BWP Trust
990,509
2,390,959
Calix Ltd. *
294,738
822,088
Capricorn Metals Ltd. *
574,256
1,605,440
Carnarvon Energy Ltd. *
3,305,643
256,710
Cedar Woods Properties Ltd.
125,022
389,167
Centuria Capital Group
1,282,111
1,485,195
Centuria Industrial REIT
979,329
1,996,384
Centuria Office REIT
868,106
806,175
Chalice Mining Ltd. *
635,620
2,879,390
Champion Iron Ltd.
861,541
3,345,277
Charter Hall Long Wale REIT
1,227,601
3,424,045
Charter Hall Retail REIT
917,483
2,208,746
Charter Hall Social Infrastructure REIT
646,875
1,226,572
Clinuvel Pharmaceuticals Ltd.
74,207
898,031
Codan Ltd.
226,254
1,039,584
Collins Foods Ltd.
201,005
1,092,675
Cooper Energy Ltd. *
4,930,469
446,705
Core Lithium Ltd. *(a)
3,414,525
2,320,195
Coronado Global Resources, Inc.
1,364,159
1,165,316
Corporate Travel Management Ltd.
213,900
2,869,558
Costa Group Holdings Ltd.
827,205
1,418,613
Credit Corp. Group Ltd.
108,708
1,198,770
Cromwell Property Group
2,621,359
916,063
SECURITY
NUMBER
OF SHARES
VALUE ($)
Data#3 Ltd.
276,378
1,266,315
De Grey Mining Ltd. *
2,413,302
2,092,769
Dexus Industria REIT
384,188
706,101
Dicker Data Ltd.
97,317
537,208
Eagers Automotive Ltd.
369,524
2,953,347
Elders Ltd.
292,535
1,211,610
Emeco Holdings Ltd.
1,041,080
434,559
Estia Health Ltd.
437,146
707,247
Event Hospitality & Entertainment Ltd.
193,719
1,479,310
Firefinch Ltd. *(b)
2,051,119
132,738
FleetPartners Group Ltd. *
471,426
665,082
G.U.D. Holdings Ltd.
269,144
1,524,045
G8 Education Ltd.
1,618,587
1,094,605
GDI Property Group Partnership
781,942
356,754
Gold Road Resources Ltd.
2,042,605
2,326,494
Goulamina Holdings Pty Ltd. *
1,789,879
1,030,905
GQG Partners, Inc.
1,184,288
996,335
GrainCorp Ltd., Class A
425,910
2,103,039
Growthpoint Properties Australia Ltd.
518,478
1,023,376
GWA Group Ltd.
462,889
540,703
Hansen Technologies Ltd.
336,918
1,081,461
Healius Ltd.
994,645
2,034,043
Helia Group Ltd.
651,141
1,390,573
Home Consortium Ltd.
340,252
968,854
HomeCo Daily Needs REIT
3,217,804
2,488,470
Hotel Property Investments
356,772
791,935
HUB24 Ltd.
106,811
1,728,068
Imdex Ltd.
893,100
1,066,354
Imugene Ltd. *
11,664,258
830,338
Infomedia Ltd.
716,368
649,036
Ingenia Communities Group
689,687
1,874,590
Inghams Group Ltd.
356,052
649,782
Integral Diagnostics Ltd.
319,001
689,514
InvoCare Ltd.
271,586
2,181,143
ioneer Ltd. *
3,936,484
866,148
IPH Ltd.
313,640
1,595,361
IRESS Ltd.
365,655
2,420,762
Jervois Global Ltd. *(a)
3,898,025
211,899
Johns Lyng Group Ltd.
335,439
1,378,454
Judo Capital Holdings Ltd. *
968,856
730,449
Jumbo Interactive Ltd.
95,526
912,458
Jupiter Mines Ltd.
1,778,434
241,692
Karoon Energy Ltd. *
969,712
1,248,823
Kelsian Group Ltd.
269,472
1,185,844
Kogan.com Ltd. *(a)
141,525
402,987
Lake Resources NL *(a)
2,573,183
882,575
Life360, Inc. *
324,590
1,430,498
Lifestyle Communities Ltd.
194,187
1,886,278
Link Administration Holdings Ltd.
931,453
1,154,342
Liontown Resources Ltd. *
3,264,214
5,830,323
Lovisa Holdings Ltd.
102,070
1,358,743
Macquarie Telecom Group Ltd. *
17,743
683,202
Mayne Pharma Group Ltd. *
166,635
383,903
McMillan Shakespeare Ltd.
111,427
1,111,936
Megaport Ltd. *
288,854
1,274,875
Mesoblast Ltd. *(a)
1,259,728
827,461
18  
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Mincor Resources NL *
732,347
663,514
Monadelphous Group Ltd.
170,122
1,339,849
Mount Gibson Iron Ltd. *
1,380,433
339,472
Myer Holdings Ltd.
1,569,712
690,771
MyState Ltd.
205,140
440,751
Nanosonics Ltd. *
436,130
1,416,852
National Storage REIT
2,160,298
3,523,052
Neometals Ltd. *(a)
894,668
277,912
Netwealth Group Ltd.
161,655
1,333,841
Neuren Pharmaceuticals Ltd. *
201,330
1,803,223
nib Holdings Ltd.
900,545
4,924,555
Nick Scali Ltd.
85,234
474,369
Nickel Industries Ltd.
2,838,186
1,643,875
Nine Entertainment Co. Holdings Ltd.
2,737,499
3,339,414
Novonix Ltd. *(a)
444,610
269,027
NRW Holdings Ltd.
819,106
1,155,584
Nuix Ltd. *
359,839
229,377
OFX Group Ltd. *
418,144
495,201
Omni Bridgeway Ltd. *
476,289
829,140
oOh!media Ltd.
875,734
691,412
Opthea Ltd. *
896,439
342,277
Pact Group Holdings Ltd.
372,806
159,233
Paladin Energy Ltd. *
5,477,743
1,931,982
Paradigm Biopharmaceuticals Ltd. *
507,011
282,176
Perenti Ltd. *
1,297,489
986,612
Perseus Mining Ltd.
2,580,553
3,047,759
PEXA Group Ltd. *
247,556
2,093,890
Pinnacle Investment Management
Group Ltd.
187,377
1,084,073
PointsBet Holdings Ltd. *(a)
427,258
362,215
PolyNovo Ltd. *
1,131,983
1,087,856
PPK Mining Equipment Group *(b)
78,953
1,436
Praemium Ltd.
873,263
347,556
Premier Investments Ltd.
151,913
2,203,138
PWR Holdings Ltd.
116,297
666,065
Ramelius Resources Ltd.
1,794,534
1,579,412
Regis Resources Ltd. *
1,296,689
1,695,087
Reliance Worldwide Corp., Ltd.
1,475,470
4,010,371
Resolute Mining Ltd. *
4,117,992
1,279,180
Rural Funds Group
702,134
817,895
Sandfire Resources Ltd. *
895,544
3,332,420
Sayona Mining Ltd. *
13,204,151
1,538,112
Select Harvests Ltd.
233,259
671,743
Service Stream Ltd.
1,077,265
432,234
Seven West Media Ltd. *
1,776,053
425,268
SG Fleet Group Ltd.
201,047
259,565
Sigma Healthcare Ltd.
1,553,197
653,348
Silex Systems Ltd. *
297,895
755,708
Silver Lake Resources Ltd. *
1,620,719
1,096,046
SiteMinder Ltd. *
387,215
784,335
SmartGroup Corp., Ltd.
161,717
759,796
Solvar Ltd.
365,702
373,929
Southern Cross Media Group Ltd.
696,241
328,918
St. Barbara Ltd. *
1,531,497
530,243
Stanmore Resources Ltd. *
451,172
759,137
Starpharma Holdings Ltd. *
757,558
193,650
Strike Energy Ltd. *
4,350,194
1,351,309
Super Retail Group Ltd.
305,177
2,255,396
Superloop Ltd. *
778,851
332,662
Syrah Resources Ltd. *
1,244,670
688,692
Technology One Ltd.
521,674
5,529,909
Telix Pharmaceuticals Ltd. *
323,993
2,453,163
Temple & Webster Group Ltd. *
223,887
688,220
Tietto Minerals Ltd. *
1,891,817
606,023
Tyro Payments Ltd. *
640,840
489,369
United Malt Grp Ltd.
516,984
1,388,450
Ventia Services Group Pty Ltd.
826,042
1,448,693
Virgin Australia Holdings Pty. Ltd. *(b)
424,000
0
Viva Energy Group Ltd.
1,575,801
3,232,701
SECURITY
NUMBER
OF SHARES
VALUE ($)
Vulcan Energy Resources Ltd. *
201,166
476,475
Vulcan Steel Ltd.
178,472
896,266
Waypoint REIT Ltd.
1,256,160
2,170,507
Webjet Ltd. *
712,155
3,401,228
Weebit Nano Ltd. *(a)
310,190
1,354,991
West African Resources Ltd. *
1,895,984
1,061,343
Westgold Resources Ltd. *
798,584
798,462
Zip Co., Ltd. *(a)
1,337,902
467,545
 
231,095,500
 
Austria 0.9%
Agrana Beteiligungs AG
22,460
417,834
AT&S Austria Technologie &
Systemtechnik AG
47,299
1,440,152
BAWAG Group AG *
154,547
6,699,248
CA Immobilien Anlagen AG
78,984
2,151,434
DO & Co. AG *
12,440
1,525,163
EVN AG
71,400
1,587,093
Flughafen Wien AG *
10,387
499,972
IMMOFINANZ AG *
59,422
980,655
Lenzing AG *
24,765
1,430,987
Mayr Melnhof Karton AG
16,147
2,341,148
Oesterreichische Post AG (a)
62,273
2,174,249
Palfinger AG
26,173
786,866
Porr AG
23,230
332,849
Schoeller-Bleckmann Oilfield Equipment
AG
20,992
1,150,310
Strabag SE
22,452
914,358
UNIQA Insurance Group AG
211,718
1,812,472
Vienna Insurance Group AG Wiener
Versicherung Gruppe
71,873
1,861,959
Wienerberger AG
199,083
5,611,691
 
33,718,440
 
Belgium 1.4%
Aedifica S.A.
74,811
5,004,691
AGFA-Gevaert N.V. *
251,761
658,928
Barco N.V.
130,530
3,373,192
Bekaert S.A.
65,662
2,801,491
bpost S.A.
190,006
793,246
Cofinimmo S.A.
61,635
4,770,480
Deme Group NV *
13,119
1,667,152
Econocom Group S.A. N.V.
247,937
721,609
Etablissements Franz Colruyt N.V.
93,589
3,093,033
Euronav N.V.
235,445
3,719,939
Fagron
111,299
1,994,606
Gimv N.V.
37,098
1,740,208
KBC Ancora
67,560
3,213,789
Kinepolis Group N.V.
24,996
1,108,567
Melexis N.V.
37,616
3,422,742
Montea N.V.
27,419
2,218,664
Ontex Group N.V. *
121,563
922,740
Retail Estates N.V.
21,425
1,464,121
Shurgard Self Storage Ltd.
47,107
2,149,952
Telenet Group Holding N.V.
85,605
1,818,882
Tessenderlo Group S.A.
42,966
1,303,183
Van de Velde N.V.
10,582
373,981
VGP N.V.
18,849
1,857,776
Wereldhave Belgium Comm VA
5,079
260,990
Xior Student Housing N.V.
51,882
1,545,954
 
51,999,916
 
Canada 21.4%
Air Canada *
332,784
5,246,495
Alamos Gold, Inc., Class A
737,813
9,097,143
Algonquin Power & Utilities Corp. (a)
1,290,156
10,858,077
  19
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Allied Properties Real Estate Investment
Trust
241,845
3,953,355
AltaGas Ltd.
530,489
8,983,931
ARC Resources Ltd.
1,206,773
14,524,245
Aritzia, Inc. *
169,539
4,336,696
Artis Real Estate Investment Trust
152,147
777,916
Atco Ltd., Class I
141,578
4,346,391
ATS Corp. *
140,570
6,147,934
B2Gold Corp.
2,400,596
8,883,247
Ballard Power Systems, Inc. *
481,091
2,013,836
Bausch Health Cos., Inc. *
604,139
4,951,158
Baytex Energy Corp. *
1,030,674
3,245,262
BlackBerry Ltd. *
979,045
5,250,672
Boardwalk Real Estate Investment Trust
69,679
3,098,211
Bombardier, Inc., Class B *
159,037
6,296,896
Boralex, Inc., Class A
154,413
4,261,040
Boyd Group Services, Inc.
40,332
7,299,697
Brookfield Infrastructure Corp., Class A
184,112
8,487,058
Brookfield Renewable Corp., Class A
240,998
8,077,591
BRP, Inc.
67,467
4,790,142
CAE, Inc. *
558,684
11,409,599
Cameco Corp.
816,775
22,707,222
Canada Goose Holdings, Inc. *
92,187
1,465,579
Canadian Apartment Properties REIT
324,140
11,696,511
Canadian Western Bank
179,501
3,267,016
Canfor Corp. *
114,675
1,618,931
Canopy Growth Corp. *(a)
567,694
471,930
Capital Power Corp.
221,784
7,420,537
Capstone Copper Corp. *
837,510
3,302,475
Cargojet, Inc.
15,946
1,202,197
Cascades, Inc.
181,392
1,430,532
CCL Industries, Inc., Class B
277,135
12,895,453
Celestica, Inc. *
193,581
2,465,156
Centerra Gold, Inc.
413,877
2,490,630
Chartwell Retirement Residences
445,032
2,949,855
Choice Properties Real Estate
Investment Trust
487,071
4,858,885
CI Financial Corp.
316,212
3,049,760
Cogeco Communications, Inc.
18,895
891,441
Colliers International Group, Inc.
59,394
5,524,739
Crescent Point Energy Corp.
971,601
6,118,520
Cronos Group, Inc. *(a)
374,760
661,682
Definity Financial Corp.
139,433
3,723,547
Dream Industrial Real Estate Investment
Trust
460,181
4,685,430
Dye & Durham Ltd.
61,074
686,987
Eldorado Gold Corp. *
351,378
3,313,960
Element Fleet Management Corp.
744,282
11,274,013
Emera, Inc.
508,705
20,946,236
Enerplus Corp.
425,459
5,859,334
Enghouse Systems Ltd.
83,754
2,322,290
Equinox Gold Corp. *
489,406
2,293,472
Finning International, Inc.
289,271
7,812,211
First Capital Real Estate Investment
Trust
404,986
4,442,243
First Majestic Silver Corp.
432,317
2,499,825
First National Financial Corp.
33,393
942,118
First Quantum Minerals Ltd.
1,053,299
22,037,684
FirstService Corp.
71,719
10,404,610
GFL Environmental, Inc.
320,718
11,561,232
Gibson Energy, Inc.
271,285
4,372,732
Gildan Activewear, Inc.
333,598
9,085,410
Granite Real Estate Investment Trust
113,789
6,668,456
H&R Real Estate Investment Trust
504,300
3,758,228
Home Capital Group, Inc.
73,914
2,362,660
Hudbay Minerals, Inc.
416,973
1,782,251
iA Financial Corp., Inc.
198,066
12,606,982
IAMGOLD Corp. *
910,075
2,477,214
Innergex Renewable Energy, Inc.
298,199
3,084,439
SECURITY
NUMBER
OF SHARES
VALUE ($)
Ivanhoe Mines Ltd., Class A *
1,066,766
7,800,820
Keyera Corp.
435,161
9,700,124
Kinaxis, Inc. *
52,783
7,051,712
Kinross Gold Corp.
2,371,667
11,166,533
Laurentian Bank of Canada
85,530
1,923,528
Lightspeed Commerce, Inc. *
256,107
3,451,689
Linamar Corp.
80,125
3,542,641
Lithium Americas Corp. *(a)
178,153
3,593,729
Lundin Gold, Inc.
243,563
3,081,942
Lundin Mining Corp.
1,291,165
9,014,313
Maple Leaf Foods, Inc.
139,779
2,568,733
MEG Energy Corp. *
561,386
8,470,556
Methanex Corp.
106,934
4,364,525
Mullen Group Ltd.
170,996
1,963,693
Northland Power, Inc.
471,909
10,338,741
NorthWest Healthcare Properties Real
Estate Investment Trust
396,649
2,182,693
Novagold Resources, Inc. *
452,115
2,321,609
Nuvei Corp. *
117,196
3,672,021
OceanaGold Corp.
1,335,260
2,897,828
Onex Corp.
131,716
5,956,435
Open Text Corp.
507,257
21,062,006
Osisko Gold Royalties Ltd.
347,250
5,505,214
Pan American Silver Corp.
680,073
10,351,439
Paramount Resources Ltd., Class A
139,196
2,917,453
Parex Resources, Inc.
201,461
4,050,562
Parkland Corp.
260,377
6,485,960
PrairieSky Royalty Ltd.
398,429
6,677,123
Premium Brands Holdings Corp.
70,739
5,204,076
Primaris Real Estate Investment Trust
186,525
1,727,617
Primo Water Corp.
293,708
3,781,277
Quebecor, Inc., Class B
97,196
2,314,599
RB Global, Inc.
341,895
17,835,485
RioCan Real Estate Investment Trust
574,901
8,467,239
Russel Metals, Inc.
117,460
3,078,000
SmartCentres Real Estate Investment
Trust
248,884
4,639,683
SNC-Lavalin Group, Inc.
332,623
7,757,043
SSR Mining, Inc.
390,539
5,763,417
Stantec, Inc.
212,373
12,278,668
Stelco Holdings, Inc.
80,290
2,509,173
Stella-Jones, Inc.
111,660
4,933,642
Superior Plus Corp.
317,884
2,247,381
TFI International, Inc.
156,686
16,483,556
The Descartes Systems Group, Inc. *
160,348
12,381,466
The North West Co., Inc.
88,498
2,509,169
TMX Group Ltd.
104,061
11,311,744
Topaz Energy Corp.
185,310
2,811,073
Torex Gold Resources, Inc. *
160,496
2,505,499
Toromont Industries Ltd.
153,864
11,885,323
TransAlta Corp.
441,360
4,247,031
TransAlta Renewables, Inc.
202,535
1,878,884
Transcontinental, Inc., Class A
136,187
1,417,675
Tricon Residential, Inc.
454,107
3,644,749
Vermilion Energy, Inc.
303,806
3,301,122
West Fraser Timber Co., Ltd.
145,645
9,815,742
Westshore Terminals Investment Corp.
74,865
1,720,028
Whitecap Resources, Inc.
561,755
3,839,258
Winpak Ltd.
59,516
1,869,152
WSP Global, Inc.
222,382
27,522,492
 
767,624,092
 
Denmark 2.5%
ALK-Abello A/S *
246,543
2,910,077
Alm Brand A/S
1,648,583
2,626,801
Ambu A/S, Class B *
327,196
5,110,388
Bavarian Nordic A/S *
134,700
3,592,540
Chemometec A/S *
29,566
2,038,451
20  
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
D/S Norden A/S
42,614
2,201,101
Dfds A/S
57,622
2,124,982
FLSmidth & Co. A/S
107,817
4,460,733
GN Store Nord A/S *
273,111
6,732,765
ISS A/S
353,264
6,698,422
Jyske Bank A/S *
97,055
6,645,680
Netcompany Group A/S *
62,642
2,630,261
NKT A/S *
80,685
4,821,325
NTG Nordic Transport Group A/S,
Class A *
28,375
1,758,915
Ringkjoebing Landbobank A/S
51,672
6,864,745
Scandinavian Tobacco Group A/S,
Class A
102,897
1,685,194
Schouw & Co. A/S
23,804
1,857,238
SimCorp A/S
75,012
7,753,345
Spar Nord Bank A/S
152,547
2,220,986
Sydbank A/S
106,998
4,457,484
Topdanmark A/S
80,082
4,147,865
TORM plc, Class A
54,709
1,376,889
Zealand Pharma A/S *
97,198
3,709,699
 
88,425,886
 
Finland 1.1%
Cargotec Oyj, B Shares
92,428
4,911,110
Citycon Oyj *
145,317
932,633
Finnair Oyj *(a)
1,115,620
677,937
F-Secure Oyj
202,595
578,844
Kemira Oyj
166,389
2,628,881
Konecranes Oyj
136,169
5,067,878
Metsa Board Oyj, B Shares
323,222
2,593,018
Nokian Renkaat Oyj
259,316
2,240,959
Oriola Oyj, B Shares
245,213
356,579
Outokumpu Oyj
615,699
3,350,250
QT Group Oyj *(a)
36,935
3,298,169
Raisio Oyj, V Shares
213,387
478,871
Revenio Group Oyj
43,411
1,417,108
Sanoma Oyj
141,483
1,043,779
Terveystalo Oyj
145,131
1,247,077
TietoEVRY Oyj
164,217
4,495,844
Tokmanni Group Corp.
89,462
1,143,552
Uponor Oyj
101,563
2,977,600
YIT Oyj
305,451
654,539
 
40,094,628
 
France 3.8%
Air France-KLM *
2,181,057
3,864,525
Altarea S.C.A. *
7,307
919,219
Alten S.A.
55,119
8,790,853
Antin Infrastructure Partners S.A.
50,091
785,544
ARGAN S.A.
18,307
1,366,197
Atos SE *(a)
180,363
2,617,961
Believe S.A. *
28,445
340,249
Beneteau S.A.
69,621
1,166,785
Bonduelle S.C.A.
24,863
305,354
Carmila S.A. *
108,501
1,612,481
Casino Guichard Perrachon S.A. *(a)
73,103
434,099
CGG S.A. *
1,349,679
938,734
Cie Plastic Omnium S.A.
103,717
1,672,965
Coface S.A.
197,917
2,732,442
Derichebourg S.A.
181,372
946,308
Elior Group S.A. *
215,507
652,496
Elis S.A.
346,406
5,975,332
Equasens
7,148
589,064
Eramet S.A.
18,072
1,562,519
Etablissements Maurel et Prom S.A.
100,096
392,488
Euroapi S.A. *
89,133
931,052
Eutelsat Communications S.A. (a)
259,767
1,646,395
SECURITY
NUMBER
OF SHARES
VALUE ($)
Faurecia SE *
299,764
6,177,453
Fnac Darty S.A.
33,236
1,186,294
Gaztransport Et Technigaz S.A.
63,639
6,346,952
GL Events *
24,648
522,917
ID Logistics Group *
4,430
1,180,706
Imerys S.A.
73,954
2,622,298
Interparfums S.A.
33,133
2,363,116
IPSOS
72,737
3,550,007
Jacquet Metals SACA
24,320
473,437
Korian S.A. (a)
124,297
985,235
Lagardere S.A.
29,055
648,938
LISI
31,529
838,646
Maisons du Monde S.A.
83,798
834,408
Manitou BF S.A.
22,257
506,597
Mercialys S.A.
168,133
1,345,246
Mersen S.A.
32,619
1,236,256
Metropole Television S.A.
119,743
1,649,342
Nexans S.A.
63,535
4,876,897
Nexity S.A. (a)
80,464
1,645,312
OVH Groupe SAS *(a)
41,295
445,529
PEUGEOT INVEST
9,669
1,015,350
Quadient S.A.
63,718
1,165,675
Rothschild & Co.
53,154
2,618,038
Rubis S.C.A.
178,179
4,843,896
SES S.A.
705,374
4,173,597
SES-imagotag S.A. *
14,609
2,454,566
SMCP S.A. *
77,602
605,595
Societe BIC S.A.
45,340
2,697,204
Sopra Steria Group S.A.
26,895
5,034,938
SPIE S.A.
243,401
7,198,250
Technip Energies N.V.
332,304
6,569,926
Television Francaise 1
199,938
1,383,369
Trigano S.A.
15,001
2,026,259
Vallourec S.A. *
306,213
3,193,371
Valneva SE *(a)
190,693
1,058,775
Verallia S.A.
131,761
4,562,480
Vetoquinol S.A.
7,165
676,781
Vicat S.A.
29,050
774,255
Vilmorin & Cie S.A.
11,529
769,421
Virbac S.A.
8,043
2,443,774
Voltalia S.A. *
71,951
1,153,673
X-Fab Silicon Foundries SE *
108,574
917,904
 
137,015,745
 
Germany 4.3%
1&1 AG
86,416
921,281
Aareal Bank AG, Tender Shares *
120,291
4,219,171
About You Holding SE *(a)
60,919
293,165
Adesso SE
6,874
832,503
ADVA Optical Networking SE *
34,193
710,837
AIXTRON SE
201,434
6,229,864
Aroundtown S.A. (a)
1,361,885
1,422,868
Atoss Software AG
7,251
1,580,845
Aurubis AG
67,487
5,145,715
Auto1 Group SE *
177,626
1,519,482
Basler AG (a)
22,075
514,222
BayWa AG *
26,634
1,070,473
Befesa S.A.
76,935
2,862,513
Bertrandt AG
8,668
443,566
Bilfinger SE
52,832
1,863,205
CANCOM SE
61,728
1,897,910
CECONOMY AG *
336,153
775,519
CompuGroup Medical SE & Co. KgaA
45,054
2,387,195
CropEnergies AG
40,294
406,377
Dermapharm Holding SE
33,869
1,692,732
Deutsche Beteiligungs AG
26,684
806,496
Deutsche Euroshop AG (a)
22,908
493,329
Deutsche Pfandbriefbank AG
231,090
1,731,947
  21
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Deutz AG
227,170
1,344,132
DIC Asset AG (a)
102,495
580,224
Duerr AG
92,105
2,684,601
Eckert & Ziegler Strahlen- und
Medizintechnik AG
25,998
1,099,790
ElringKlinger AG
51,085
464,014
Encavis AG *
204,685
3,301,589
Energiekontor AG
11,095
813,793
Evotec SE *
298,730
6,430,034
flatexDEGIRO AG *
162,096
1,522,461
Freenet AG
223,499
5,465,968
Gerresheimer AG
65,138
7,138,807
GFT Technologies SE
32,433
1,013,793
Grand City Properties S.A.
178,170
1,310,635
GRENKE AG (a)
50,321
1,488,711
Hamburger Hafen und Logistik AG
47,514
614,948
Hensoldt AG
98,230
3,120,747
Hornbach Holding AG & Co. KGaA
15,544
1,097,031
Hugo Boss AG
107,717
7,301,345
Hypoport SE *
7,589
1,199,841
Indus Holding AG
39,371
1,034,645
Instone Real Estate Group AG
55,806
299,854
Jenoptik AG
95,773
3,181,549
K+S AG
365,670
5,867,106
Kloeckner & Co. SE
143,830
1,361,634
Kontron AG (a)
93,731
1,912,596
Krones AG
27,530
3,067,048
KWS Saat SE & Co. KGaA
18,812
1,072,968
MorphoSys AG *(a)
66,597
1,689,778
Nagarro SE *(a)
14,737
1,216,041
New Work SE
5,282
691,504
Nordex SE *
235,178
2,829,413
Norma Group SE
60,529
1,088,621
PATRIZIA SE
80,722
711,698
PNE AG
80,082
1,210,624
ProSiebenSat.1 Media SE *
316,152
2,550,793
Salzgitter AG
73,422
2,378,001
Secunet Security Networks AG *
2,509
530,689
SGL Carbon SE *(a)
96,527
871,112
Shop Apotheke Europe N.V. *
13,757
1,334,051
Siltronic AG
39,003
3,338,963
SMA Solar Technology AG *
16,544
1,772,575
Software AG
93,026
3,276,744
Stabilus SE
46,525
2,767,698
STRATEC SE
13,745
833,787
Stroeer SE & Co. KGaA
46,223
2,235,266
Suedzucker AG
147,174
2,522,988
Synlab AG
146,692
1,409,059
TAG Immobilien AG *
289,710
2,313,361
Takkt AG
62,508
926,293
TeamViewer SE *
265,357
4,140,200
Varta AG (a)
26,497
414,122
VERBIO Vereinigte BioEnergie AG
38,026
1,350,777
Vitesco Technologies Group AG,
Class A *
33,961
2,199,504
Vossloh AG
16,353
690,384
Wacker Neuson SE
45,572
995,979
Wuestenrot & Wuerttembergische AG
34,463
581,243
 
154,482,347
 
Hong Kong 0.8%
Asia Cement China Holdings Corp.
829,385
358,103
Beijing Tong Ren Tang Chinese Medicine
Co., Ltd.
469,641
875,899
China Animal Healthcare Ltd. *(b)
192,752
0
Chow Sang Sang Holdings International
Ltd.
468,356
548,033
SECURITY
NUMBER
OF SHARES
VALUE ($)
CITIC Telecom International Holdings
Ltd.
2,673,015
1,000,471
C-Mer Eye Care Holdings Ltd. *
804,176
395,501
Cowell e Holdings, Inc. *(a)
567,888
1,313,036
EC Healthcare
754,575
403,879
Esprit Holdings Ltd. *
5,167,800
356,480
Everest Medicines Ltd. *
196,246
272,750
Far East Consortium International Ltd.
2,041,958
516,473
Fortune Real Estate Investment Trust
2,582,905
1,864,199
Fosun Tourism Group *
362,652
324,282
Frontage Holdings Corp. *
1,332,464
365,956
Giordano International Ltd.
2,181,615
560,157
HKBN Ltd.
1,470,368
942,899
Hong Kong Technology Venture Co., Ltd.
1,014,047
550,532
Hua Medicine *
1,622,887
383,526
IGG, Inc. *
1,564,232
817,259
Jacobio Pharmaceuticals Group Co.,
Ltd. *
717,476
538,915
Jinchuan Group International Resources
Co., Ltd.
8,798,101
466,415
K Wah International Holdings Ltd.
2,359,415
777,605
LK Technology Holdings Ltd. (a)
694,708
616,769
Luk Fook Holdings International Ltd.
642,311
1,755,878
MH Development NPV *(b)
459,925
10,752
Pacific Basin Shipping Ltd.
8,852,580
2,589,647
Powerlong Real Estate Holdings Ltd.
2,681,883
304,905
Prosperity REIT
2,177,274
458,915
Realord Group Holdings Ltd. *(a)
759,735
518,249
Sa Sa International Holdings Ltd. *
2,059,076
352,462
Shun Tak Holdings Ltd. *
2,419,445
364,698
Sirnaomics Ltd. *(a)
133,764
812,503
SmarTone Telecommunications Holdings
Ltd.
656,006
373,747
Stella International Holdings Ltd.
814,000
779,868
Sun Hung Kai & Co., Ltd.
1,055,237
385,524
SUNeVision Holdings Ltd.
1,139,547
611,388
Sunlight Real Estate Investment Trust
2,039,152
721,547
Superb Summit International Group
Ltd. *(b)
1,120,000
0
Texhong Textile Group Ltd.
562,769
391,079
The United Laboratories International
Holdings Ltd.
912,373
804,187
Theme International Holdings Ltd. *
9,619,512
1,130,515
Truly International Holdings Ltd.
2,905,196
304,316
Value Partners Group Ltd.
1,786,407
499,758
Vesync Co., Ltd.
733,525
297,036
Vobile Group Ltd. *
2,872,598
832,983
VSTECS Holdings Ltd.
1,259,242
640,218
 
29,189,314
 
Ireland 0.1%
Dalata Hotel Group plc *
418,307
1,902,008
 
Israel 0.9%
AFI Properties Ltd. *
10,286
285,861
AudioCodes Ltd.
46,813
389,174
Camtek Ltd. *
50,470
1,495,878
Cellcom Israel Ltd. *
162,812
633,820
Clal Insurance Enterprises Holdings
Ltd. *
120,243
1,700,487
Danel Adir Yeoshua Ltd.
8,989
517,687
Delek Automotive Systems Ltd.
102,510
754,495
Delta Galil Industries Ltd.
17,796
669,443
Equital Ltd. *
33,941
860,758
FIBI Holdings Ltd.
32,420
1,283,797
Formula Systems 1985 Ltd.
14,144
976,271
Fox Wizel Ltd.
12,772
965,350
22  
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
G City Ltd.
140,831
425,327
Gilat Satellite Networks Ltd. *
50,446
266,213
Hilan Ltd.
26,097
1,165,472
IDI Insurance Co., Ltd.
15,033
332,059
Isracard Ltd.
366,490
1,520,929
Israel Canada T.R Ltd.
275,999
518,826
Matrix IT Ltd.
60,198
1,117,748
Maytronics Ltd.
81,274
968,991
Mega Or Holdings Ltd.
37,611
674,691
Menora Mivtachim Holdings Ltd.
40,212
830,521
Migdal Insurance & Financial Holding
Ltd.
608,681
660,024
Oil Refineries Ltd.
2,773,307
744,756
One Software Technologies Ltd.
78,448
962,182
Partner Communications Co., Ltd. *
191,091
770,002
Paz Oil Co., Ltd. *
18,314
1,915,763
Perion Network Ltd. *
75,428
2,322,446
Rami Levy Chain Stores Hashikma
Marketing 2006 Ltd.
14,144
851,681
Reit 1 Ltd.
374,562
1,544,399
Sapiens International Corp. N.V.
56,930
1,383,105
Sella Capital Real Estate Ltd.
410,739
802,794
Summit Real Estate Holdings Ltd.
77,533
983,966
 
31,294,916
 
Italy 2.3%
ACEA S.p.A.
79,656
1,146,437
Alerion Cleanpower S.p.A.
11,772
377,759
Anima Holding S.p.A.
417,868
1,446,949
Arnoldo Mondadori Editore S.p.A.
239,805
469,385
Autogrill S.p.A. *
93,189
661,663
Azimut Holding S.p.A.
202,955
4,019,080
Banca Generali S.p.A.
104,176
3,198,588
Banca IFIS S.p.A.
44,158
659,076
Banca Monte dei Paschi di Siena
S.p.A. *
783,638
1,761,101
Banca Popolare di Sondrio S.p.A.
748,609
2,793,323
BFF Bank S.p.A.
346,820
3,584,677
Biesse S.p.A.
24,302
303,128
BPER Banca
1,997,504
5,089,600
Brembo S.p.A.
279,744
4,240,904
Brunello Cucinelli S.p.A.
63,419
5,456,209
Carel Industries S.p.A.
81,576
2,256,825
Cementir Holding N.V.
95,364
719,807
Credito Emiliano S.p.A.
145,127
996,396
Danieli & C Officine Meccaniche
S.p.A. (a)
21,689
519,103
Datalogic S.p.A.
36,981
269,276
doValue S.p.A.
111,017
484,073
El.En. S.p.A.
99,101
1,098,777
Enav S.p.A.
472,526
1,989,852
ERG S.p.A.
103,797
2,839,485
Fincantieri S.p.A. *(a)
909,151
504,008
Gruppo MutuiOnline S.p.A. *
32,258
988,720
GVS S.p.A. *
138,303
852,969
Immobiliare Grande Distribuzione SIIQ
S.p.A.
129,162
341,495
Iren S.p.A.
1,204,989
2,395,852
Italmobiliare S.p.A.
26,288
681,023
Iveco Group N.V. *
379,007
2,822,760
Juventus Football Club S.p.A. *(a)
1,720,284
551,299
Maire Tecnimont S.p.A.
306,867
1,097,919
MARR S.p.A.
62,893
977,593
MFE-MediaForEurope N.V., Class A
1,840,155
869,465
MFE-MediaForEurope N.V., Class B
525,069
361,336
Piaggio & C S.p.A.
318,716
1,224,579
RAI Way S.p.A.
181,266
1,031,943
SECURITY
NUMBER
OF SHARES
VALUE ($)
Saipem SpA *
1,970,104
2,484,689
Salcef Group S.p.A.
40,609
950,287
Salvatore Ferragamo S.p.A.
129,025
2,077,059
Sanlorenzo S.p.A
25,582
1,013,191
Saras S.p.A.
1,126,735
1,309,322
Sesa S.p.A.
13,794
1,586,754
SOL S.p.A.
70,051
1,915,578
Tamburi Investment Partners S.p.A. *
193,211
1,814,704
Technogym S.p.A.
259,732
2,368,883
Tinexta S.p.A.
37,113
685,682
Tod's S.p.A. *
16,282
659,613
Unipol Gruppo S.p.A.
809,003
4,025,187
Webuild S.p.A. (a)
615,801
1,187,619
Zignago Vetro S.p.A.
57,474
944,830
 
84,105,832
 
Japan 17.8%
Adastria Co., Ltd.
49,387
980,918
ADEKA Corp.
186,120
3,261,080
Aeon Delight Co., Ltd.
30,954
653,575
Aeon Hokkaido Corp.
99,006
581,784
Ai Holdings Corp.
66,664
1,085,977
Aichi Financial Group, Inc.
86,381
1,312,578
Aichi Steel Corp.
21,295
383,177
Aida Engineering Ltd.
103,653
649,153
Aiful Corp.
547,322
1,288,830
Aiphone Co., Ltd.
22,547
354,387
Airtrip Corp.
21,216
396,334
Aisan Industry Co., Ltd.
65,052
452,102
Alconix Corp.
49,831
462,947
Alpen Co., Ltd.
28,337
397,122
Alpha Systems, Inc.
12,491
306,654
Altech Corp.
34,417
685,803
Anest Iwata Corp.
78,167
595,841
Anicom Holdings, Inc.
152,366
645,605
AOKI Holdings, Inc.
82,339
486,791
Aoyama Trading Co., Ltd.
81,974
749,245
Arata Corp.
23,551
766,126
Arcland Sakamoto Co., Ltd.
53,252
600,688
Arcland Service Holdings Co., Ltd.
26,739
562,664
Arcs Co., Ltd.
65,284
1,098,541
Argo Graphics, Inc.
27,228
772,709
Arisawa Manufacturing Co., Ltd.
50,415
388,987
ARTERIA Networks Corp.
50,528
711,005
Asahi Diamond Industrial Co., Ltd.
91,025
530,325
Asahi Holdings, Inc.
135,172
1,821,772
ASAHI YUKIZAI Corp.
21,694
578,393
Asanuma Corp.
22,880
510,937
ASKA Pharmaceutical Holdings Co., Ltd.
39,308
340,989
Atom Corp. *
217,438
1,287,057
Autobacs Seven Co., Ltd.
110,303
1,169,228
Avant Group Corp.
39,490
386,378
Avex, Inc.
62,903
673,535
Axial Retailing, Inc.
25,776
624,498
Bando Chemical Industries Ltd.
77,256
693,958
Bank of the Ryukyus Ltd.
74,345
478,375
Base Co., Ltd.
31,382
1,237,625
Belc Co., Ltd.
17,538
739,354
Bell System24 Holdings, Inc. *
60,452
597,532
Belluna Co., Ltd.
89,746
438,725
BeNext-Yumeshin Group Co.
106,229
1,410,405
BML, Inc.
38,353
833,134
Broadleaf Co., Ltd.
158,147
461,826
BRONCO BILLY Co., Ltd.
16,785
339,388
Bunka Shutter Co., Ltd.
85,957
673,678
C Uyemura & Co., Ltd.
24,140
1,247,474
Canon Electronics, Inc.
31,556
420,325
Carta Holdings, Inc.
37,258
347,473
  23
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Cawachi Ltd.
22,709
351,082
Central Glass Co., Ltd.
41,922
904,662
Change Holdings, Inc.
59,868
865,143
Chilled & Frozen Logistics Holdings Co.,
Ltd.
39,764
336,407
Chiyoda Corp. *
288,018
717,391
Chiyoda Integre Co., Ltd.
20,672
334,090
Chofu Seisakusho Co., Ltd.
33,578
565,261
Chori Co., Ltd.
17,898
327,433
Chubu Shiryo Co., Ltd.
49,813
377,212
Chudenko Corp.
48,225
750,738
Chugoku Marine Paints Ltd.
101,755
762,534
Citizen Watch Co., Ltd.
476,100
2,916,950
CKD Corp.
110,850
1,688,357
CMK Corp.
87,064
276,057
COLOPL, Inc.
93,760
445,597
Colowide Co., Ltd.
129,489
1,841,568
Comforia Residential REIT, Inc.
1,265
3,064,828
Computer Engineering & Consulting Ltd.
40,660
410,340
Comture Corp.
42,420
625,757
Cosel Co., Ltd.
38,645
305,642
CRE Logistics REIT, Inc.
1,053
1,441,784
Create Restaurants Holdings, Inc.
190,146
1,355,512
Create SD Holdings Co., Ltd.
40,624
976,965
CTI Engineering Co., Ltd.
20,026
478,738
Curves Holdings Co., Ltd.
115,238
564,168
Cybozu, Inc.
45,839
796,273
Dai Nippon Toryo Co., Ltd.
46,187
287,605
Dai-Dan Co., Ltd.
33,210
584,500
Daido Metal Co., Ltd.
94,160
312,036
Daihen Corp.
35,530
1,279,146
Daiho Corp.
14,851
397,543
Daiichi Jitsugyo Co., Ltd.
16,745
709,519
Daiken Corp.
29,495
459,161
Daiki Aluminium Industry Co., Ltd.
50,986
465,284
Daikokutenbussan Co., Ltd. (a)
9,609
340,096
Daikyonishikawa Corp.
109,578
568,615
Dainichiseika Color & Chemicals
Manufacturing Co., Ltd.
23,280
309,756
Daiseki Co., Ltd.
83,971
2,154,644
Daishi Hokuetsu Financial Group, Inc.
79,345
1,700,311
Daito Pharmaceutical Co., Ltd.
23,535
387,940
Daiwa Industries Ltd.
49,155
475,313
Daiwabo Holdings Co., Ltd.
165,318
3,057,522
DCM Holdings Co., Ltd.
175,207
1,571,301
Demae-Can Co., Ltd. *(a)
137,068
424,797
Denyo Co., Ltd.
25,404
332,017
Dexerials Corp.
84,799
1,863,314
Digital Arts, Inc.
18,363
743,904
Digital Garage, Inc.
59,817
1,639,760
Dip Corp.
37,242
898,297
Direct Marketing MiX, Inc.
40,126
290,071
DKK Co., Ltd.
17,381
265,850
Doshisha Co., Ltd.
39,994
605,428
Doutor Nichires Holdings Co., Ltd.
47,757
690,813
DTS Corp.
68,565
1,722,529
Duskin Co., Ltd.
78,812
1,737,401
DyDo Group Holdings, Inc.
14,825
520,464
Eagle Industry Co., Ltd.
50,546
531,454
Earth Corp.
27,552
978,119
EDION Corp.
159,214
1,583,992
eGuarantee, Inc.
57,817
812,331
Eiken Chemical Co., Ltd.
58,707
619,782
Eizo Corp.
36,133
1,233,614
Elan Corp.
60,460
374,751
Elecom Co., Ltd.
79,535
832,267
Elematec Corp.
31,432
384,028
EM Systems Co., Ltd.
68,495
404,455
en-japan, Inc.
54,569
907,693
SECURITY
NUMBER
OF SHARES
VALUE ($)
Enplas Corp.
11,606
453,557
eRex Co., Ltd.
66,614
544,012
ES-Con Japan Ltd.
71,978
401,323
ESCON Japan Reit Investment Corp.
612
507,244
ESPEC Corp.
34,918
504,845
euglena Co., Ltd. *
166,424
1,062,522
Exedy Corp.
52,716
797,258
FCC Co., Ltd.
62,188
749,114
Ferrotec Holdings Corp.
86,446
2,032,531
FIDEA Holdings Co., Ltd.
34,346
318,840
Financial Products Group Co., Ltd.
106,974
839,162
Fixstars Corp.
38,456
369,380
France Bed Holdings Co., Ltd.
59,002
443,418
Fuji Co., Ltd.
59,876
750,405
Fuji Corp.
158,291
2,580,875
Fuji Seal International, Inc.
82,285
871,055
Fuji Soft, Inc.
38,462
2,419,790
Fujibo Holdings, Inc.
20,460
440,055
Fujicco Co., Ltd.
40,274
538,178
Fujimi, Inc.
36,381
2,335,738
Fujimori Kogyo Co., Ltd.
28,313
680,898
Fujio Food Group., Inc. *
42,379
453,470
Fujita Kanko, Inc. *
15,362
397,478
Fujitec Co., Ltd.
140,109
3,590,096
Fujiya Co., Ltd.
20,782
365,617
Fukuda Corp.
9,312
298,925
Fukuoka REIT Corp.
1,371
1,600,473
Fukushima Galilei Co., Ltd.
21,206
793,812
Fukuyama Transporting Co., Ltd.
52,700
1,210,801
FULLCAST Holdings Co., Ltd.
34,141
543,216
Funai Soken Holdings, Inc.
57,390
1,063,881
Furukawa Co., Ltd.
58,170
589,548
Furuno Electric Co., Ltd.
45,670
317,727
Furuya Metal Co., Ltd.
8,249
570,932
Fuso Chemical Co., Ltd.
34,209
948,788
Futaba Industrial Co., Ltd.
109,338
354,508
Future Corp.
64,959
796,441
G-7 Holdings, Inc.
32,095
288,296
Gakken Holdings Co., Ltd.
53,844
327,962
Genky DrugStores Co., Ltd.
17,849
539,117
Geo Holdings Corp.
44,573
506,936
giftee, Inc. *
37,599
539,570
Giken Ltd.
27,367
375,301
Global One Real Estate Investment Corp.
1,946
1,498,691
GLOBERIDE, Inc.
36,754
559,011
Glory Ltd.
89,983
1,705,436
Godo Steel Ltd.
16,900
378,002
Goldcrest Co., Ltd.
28,704
350,698
Gree, Inc.
130,291
627,605
gremz, Inc.
29,151
552,078
G-Tekt Corp.
35,482
337,259
Gunze Ltd.
28,862
899,646
H.I.S. Co., Ltd. *(a)
76,926
1,062,093
H2O Retailing Corp.
151,548
1,574,975
Hakuto Co., Ltd.
19,704
688,226
Halows Co., Ltd.
15,902
366,492
Hamakyorex Co., Ltd.
29,410
742,012
Hankyu Hanshin REIT, Inc.
1,271
1,287,238
Hanwa Co., Ltd.
69,647
2,058,778
Happinet Corp.
29,285
412,713
Hazama Ando Corp.
295,599
2,139,001
Health Care & Medical Investment Corp.
654
756,911
Heiwa Real Estate Co., Ltd.
59,394
1,553,771
Heiwa Real Estate REIT, Inc.
1,877
2,038,012
Heiwado Co., Ltd.
55,897
828,163
Hibiya Engineering Ltd.
30,435
478,586
Hiday Hidaka Corp.
47,684
779,859
HI-LEX Corp.
50,424
407,463
Hioki EE Corp.
16,231
1,045,550
24  
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Hirata Corp.
16,795
841,463
Hitachi Zosen Corp.
307,243
1,790,043
Hochiki Corp.
27,268
306,415
Hogy Medical Co., Ltd.
34,347
784,217
Hokkaido Electric Power Co., Inc. *
326,736
1,337,673
Hokkoku Financial Holdings, Inc.
39,397
1,304,163
Hokuetsu Corp.
257,906
1,620,738
Hokuhoku Financial Group, Inc.
233,770
1,795,335
Hokuriku Electric Power Co. *
324,510
1,807,027
Hokuto Corp.
37,478
490,622
Honeys Holdings Co., Ltd
28,882
302,226
Hoosiers Holdings Co., Ltd.
47,094
310,106
Hoshino Resorts REIT, Inc.
498
2,441,613
Hosiden Corp.
95,891
1,173,629
Hosokawa Micron Corp.
23,943
467,670
Hulic REIT, Inc.
2,405
2,731,800
Ichibanya Co., Ltd.
30,382
1,154,697
Ichigo Office REIT Investment Corp.
2,194
1,424,298
Ichigo, Inc.
356,460
625,077
Ichikoh Industries Ltd.
109,350
390,550
Ichiyoshi Securities Co., Ltd.
55,655
227,854
Icom, Inc.
17,177
351,003
Idec Corp.
47,401
1,041,557
IDOM, Inc.
100,596
593,287
Iino Kaiun Kaisha Ltd.
153,349
881,360
I'll, Inc.
33,564
634,693
Inaba Denki Sangyo Co., Ltd.
98,272
2,113,641
Inabata & Co., Ltd.
75,077
1,550,278
Inageya Co., Ltd. (a)
44,647
479,337
Ines Corp.
34,608
355,456
Infocom Corp.
38,622
606,220
Infomart Corp.
384,195
723,210
Insource Co., Ltd.
76,642
668,694
Intage Holdings, Inc.
56,447
630,668
Inui Global Logistics Co., Ltd.
21,579
201,557
Iriso Electronics Co., Ltd.
37,528
1,142,910
Ishihara Sangyo Kaisha Ltd.
63,834
562,885
Istyle, Inc. *
102,762
390,557
Itochu Advance Logistics Investment
Corp.
1,254
1,262,841
Itochu Enex Co., Ltd.
84,701
702,634
Itochu-Shokuhin Co., Ltd.
9,176
333,637
J Trust Co., Ltd. (a)
180,585
526,057
JAC Recruitment Co., Ltd.
25,513
405,023
Jaccs Co., Ltd.
46,104
1,489,887
JAFCO Group Co., Ltd.
94,814
1,161,805
Japan Display, Inc. *
1,172,732
318,962
Japan Elevator Service Holdings Co.,
Ltd.
130,932
1,760,879
Japan Excellent, Inc.
2,338
2,086,738
Japan Lifeline Co., Ltd.
123,028
906,981
Japan Material Co., Ltd.
106,661
1,668,833
Japan Petroleum Exploration Co., Ltd.
54,902
1,618,983
Japan Pulp & Paper Co., Ltd.
19,642
667,784
Japan Securities Finance Co., Ltd.
154,500
1,239,627
Japan Transcity Corp.
89,716
375,007
JCU Corp.
38,200
948,746
JINS Holdings, Inc.
26,669
580,280
JM Holdings Co., Ltd.
25,568
355,205
J-Oil Mills, Inc.
32,520
360,777
Joshin Denki Co., Ltd.
35,516
480,444
Joyful Honda Co., Ltd.
106,436
1,307,262
Juroku Financial Group, Inc.
65,892
1,436,074
JVCKenwood Corp.
291,405
1,042,855
K&O Energy Group, Inc.
26,181
405,884
Kaga Electronics Co., Ltd.
31,589
1,157,611
Kameda Seika Co., Ltd.
25,803
757,201
Kamei Corp.
40,338
395,830
Kanagawa Chuo Kotsu Co., Ltd.
11,806
261,529
SECURITY
NUMBER
OF SHARES
VALUE ($)
Kanamoto Co., Ltd.
50,741
790,632
Kanematsu Corp.
151,383
1,968,743
Kanto Denka Kogyo Co., Ltd.
83,284
505,492
Kappa Create Co., Ltd. *
43,644
463,570
Katakura Industries Co., Ltd.
36,861
434,000
Kato Sangyo Co., Ltd.
39,686
1,089,330
KeePer Technical Laboratory Co., Ltd.
21,164
814,961
Keihanshin Building Co., Ltd.
62,547
532,286
Keiyo Co., Ltd.
73,729
415,308
Kenedix Residential Next Investment
Corp.
1,989
3,043,683
Kenedix Retail REIT Corp.
1,143
2,053,416
Key Coffee, Inc.
29,776
431,993
KFC Holdings Japan Ltd.
26,972
542,664
KH Neochem Co., Ltd.
66,017
1,047,086
Kintetsu Department Store Co., Ltd.
16,234
285,139
Kisoji Co., Ltd. (a)
42,534
704,156
Kissei Pharmaceutical Co., Ltd.
55,168
1,117,062
Ki-Star Real Estate Co., Ltd.
13,992
458,171
Kitz Corp.
146,769
1,067,296
Koa Corp.
50,490
602,057
Kohnan Shoji Co., Ltd.
43,642
1,090,152
Kokusai Pulp & Paper Co., Ltd.
85,539
348,976
Komatsu Matere Co., Ltd.
57,797
264,754
KOMEDA Holdings Co., Ltd.
58,962
1,118,343
Komeri Co., Ltd.
50,996
1,073,831
Komori Corp.
81,926
529,501
Konishi Co., Ltd.
45,496
672,761
Konoike Transport Co., Ltd.
53,720
582,513
Kosaido Holdings Co., Ltd.
35,017
626,078
Koshidaka Holdings Co., Ltd.
84,396
686,210
Krosaki Harima Corp.
7,542
355,197
Kumagai Gumi Co., Ltd.
63,314
1,357,230
Kumiai Chemical Industry Co., Ltd.
174,807
1,118,545
Kura Sushi, Inc. (a)
36,677
808,540
Kurabo Industries Ltd.
32,242
507,463
Kureha Corp.
33,476
1,921,608
Kurimoto Ltd.
22,340
311,319
KYB Corp.
36,193
1,142,405
Kyoei Steel Ltd.
40,903
539,264
Kyokuto Kaihatsu Kogyo Co., Ltd.
56,376
643,190
Kyokuyo Co., Ltd.
17,227
437,719
Kyorin Pharmaceutical Co., Ltd.
68,379
847,182
Kyoritsu Maintenance Co., Ltd.
45,722
1,606,807
LEC, Inc.
44,780
256,408
Leopalace21 Corp. *
446,021
980,055
Life Corp.
37,859
768,751
Link And Motivation, Inc.
92,728
275,433
LITALICO, Inc.
34,683
589,573
M&A Capital Partners Co., Ltd. *
23,680
518,633
Macnica Holdings, Inc.
85,697
3,122,054
Macromill, Inc.
70,122
434,138
Maeda Kosen Co., Ltd.
37,019
794,882
Makino Milling Machine Co., Ltd.
36,807
1,396,250
Management Solutions Co., Ltd.
30,481
637,698
Mandom Corp.
67,826
711,198
Mars Group Holdings Corp.
16,805
363,849
Marudai Food Co., Ltd.
45,272
470,493
Maruha Nichiro Corp.
69,784
1,220,714
MARUKA FURUSATO Corp.
28,425
477,090
Marusan Securities Co., Ltd.
104,159
295,968
Maruwa Co., Ltd.
15,112
2,098,363
Maruzen Showa Unyu Co., Ltd.
28,224
727,240
Marvelous, Inc.
57,396
274,009
Matsuda Sangyo Co., Ltd.
20,640
305,652
Matsuya Co., Ltd.
72,974
566,180
Matsuyafoods Holdings Co., Ltd.
15,233
440,478
Max Co., Ltd.
70,875
1,136,313
Maxell Holdings Ltd.
68,755
709,129
  25
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
MCJ Co., Ltd.
117,711
795,328
MEC Co., Ltd.
24,672
556,252
Megachips Corp.
30,995
765,363
Megmilk Snow Brand Co., Ltd.
77,335
1,029,547
Meidensha Corp.
75,387
1,001,994
Meiko Electronics Co., Ltd.
35,963
630,379
Meisei Industrial Co., Ltd.
87,526
575,091
Meitec Corp.
143,994
2,390,023
METAWATER Co., Ltd.
39,874
488,311
Micronics Japan Co., Ltd.
61,022
772,193
Midac Holdings Co., Ltd.
21,494
256,300
Mie Kotsu Group Holdings, Inc.
112,999
444,021
Milbon Co., Ltd.
34,677
1,141,711
Mimasu Semiconductor Industry Co.,
Ltd.
28,103
602,028
Mirai Corp.
3,091
1,042,022
MIRAIT ONE Corp.
154,883
1,930,010
Mirarth Holdings, Inc.
149,195
445,294
Miroku Jyoho Service Co., Ltd.
39,386
423,417
Mitani Sekisan Co., Ltd.
19,086
657,761
Mitsubishi Estate Logistics REIT
Investment Corp.
975
3,032,155
Mitsubishi Logisnext Co., Ltd.
121,225
993,470
Mitsubishi Pencil Co., Ltd.
85,566
1,014,188
Mitsubishi Research Institute, Inc.
11,734
430,005
Mitsubishi Shokuhin Co., Ltd.
32,829
848,246
Mitsuboshi Belting Ltd.
38,776
1,094,881
Mitsui DM Sugar Holdings Co., Ltd.
29,996
545,538
Mitsui E&S Co., Ltd.
153,438
529,343
Mitsui-Soko Holdings Co., Ltd.
40,462
973,069
Mitsuuroko Group Holdings Co., Ltd.
78,149
727,709
Mixi, Inc.
73,100
1,427,311
Mizuho Leasing Co., Ltd.
78,638
2,352,695
Mizuno Corp.
35,727
903,947
Mochida Pharmaceutical Co., Ltd.
43,152
1,016,141
Modec, Inc. *
36,501
343,026
Monex Group, Inc.
349,542
1,205,878
Monogatari Corp.
55,209
1,234,858
Mori Trust Reit, Inc.
4,880
2,511,341
Morita Holdings Corp.
68,881
711,908
MOS Food Services, Inc.
45,989
1,018,759
m-up Holdings, Inc.
41,058
323,551
Musashi Seimitsu Industry Co., Ltd.
84,317
1,019,299
Nachi-Fujikoshi Corp.
32,461
881,720
Nafco Co., Ltd.
34,317
423,206
Nagaileben Co., Ltd.
46,025
687,501
Nagatanien Holdings Co., Ltd.
20,572
305,970
Nagawa Co., Ltd.
18,286
791,828
Nakanishi, Inc.
129,419
2,723,343
Net Protections Holdings, Inc. *
83,075
220,003
Neturen Co., Ltd.
52,368
334,340
Nextage Co., Ltd.
68,553
1,202,125
Nichias Corp.
103,208
1,950,178
Nichiban Co., Ltd.
22,975
300,435
Nichicon Corp.
118,687
1,121,332
Nichiden Corp.
22,594
352,377
Nichiha Corp.
53,249
1,086,590
Nichireki Co., Ltd.
41,448
498,391
Nihon Nohyaku Co., Ltd.
68,742
296,194
Nihon Parkerizing Co., Ltd.
170,343
1,247,260
Nikkiso Co., Ltd.
103,658
641,023
Nikkon Holdings Co., Ltd.
95,672
1,796,824
Nippn Corp.
90,702
1,147,124
Nippon Carbon Co., Ltd.
18,061
561,679
Nippon Ceramic Co., Ltd.
29,869
541,732
Nippon Chemi-Con Corp. *
38,893
340,173
Nippon Denko Co., Ltd.
209,088
395,085
Nippon Densetsu Kogyo Co., Ltd.
64,631
851,631
Nippon Fine Chemical Co., Ltd.
25,463
451,614
SECURITY
NUMBER
OF SHARES
VALUE ($)
Nippon Gas Co., Ltd.
197,485
2,730,852
Nippon Kanzai Holdings Co., Ltd.
33,237
619,231
Nippon Koei Co., Ltd.
26,264
697,416
Nippon Light Metal Holdings Co., Ltd.
110,815
1,061,235
Nippon Paper Industries Co., Ltd. *
178,406
1,464,636
Nippon Parking Development Co., Ltd.,
Class C
285,042
475,359
Nippon Pillar Packing Co., Ltd.
34,705
1,013,466
NIPPON REIT Investment Corp.
872
2,034,656
Nippon Seiki Co., Ltd.
89,091
547,752
Nippon Sheet Glass Co., Ltd. *
173,838
731,609
Nippon Signal Co., Ltd.
107,574
799,981
Nippon Soda Co., Ltd.
47,533
1,564,984
Nippon Thompson Co., Ltd.
121,222
480,671
Nippon Yakin Kogyo Co., Ltd.
27,572
777,538
Nishimatsu Construction Co., Ltd.
50,894
1,220,305
Nishimatsuya Chain Co., Ltd.
85,446
1,016,435
Nishi-Nippon Financial Holdings, Inc.
271,806
2,071,885
Nishio Holdings Co., Ltd.
29,354
670,216
Nissan Shatai Co., Ltd.
114,042
676,669
Nissei ASB Machine Co., Ltd.
14,878
422,758
Nissha Co., Ltd.
76,066
858,577
Nisshinbo Holdings, Inc.
240,311
1,766,449
Nissin Corp.
19,958
337,978
Nissin Sugar Co., Ltd.
24,954
358,463
Nissui Corp.
540,478
2,421,639
Nitta Corp.
33,905
729,231
Nittetsu Mining Co., Ltd.
21,496
562,344
Nitto Boseki Co., Ltd.
50,187
850,968
Nitto Kogyo Corp.
46,377
1,125,277
Nittoku Co., Ltd.
28,982
498,470
Nohmi Bosai Ltd.
41,204
514,331
Nojima Corp.
121,356
1,176,080
Nomura Co., Ltd.
144,733
964,438
Noritake Co., Ltd.
24,808
869,163
Noritsu Koki Co., Ltd.
39,182
611,925
Noritz Corp.
62,089
776,362
North Pacific Bank Ltd.
515,936
949,043
NS United Kaiun Kaisha Ltd.
18,399
434,575
NSD Co., Ltd.
126,220
2,442,822
NTN Corp.
795,931
1,578,019
NTT UD REIT Investment Corp.
2,542
2,348,869
Obara Group, Inc.
18,846
541,579
Ohsho Food Service Corp.
19,660
892,133
Oiles Corp.
50,785
679,363
Oisix ra daichi, Inc. *
45,279
729,831
Okabe Co., Ltd.
70,170
380,695
Okamoto Industries, Inc.
31,884
885,445
Okamura Corp.
133,784
1,646,027
Okasan Securities Group, Inc.
366,554
1,146,506
Oki Electric Industry Co., Ltd.
156,416
894,509
Okinawa Cellular Telephone Co.
45,080
936,350
Okinawa Financial Group, Inc.
37,392
567,912
Okumura Corp.
65,218
1,787,818
Okuwa Co., Ltd.
47,703
290,558
One REIT, Inc.
459
792,733
Onoken Co., Ltd.
34,432
367,695
Onward Holdings Co., Ltd.
191,389
509,585
Optex Group Co., Ltd.
58,192
810,102
Optorun Co., Ltd.
18,144
300,506
Organo Corp.
50,306
1,353,831
Oriental Shiraishi Corp.
174,198
367,809
Osaka Organic Chemical Industry Ltd.
28,074
485,867
Osaka Soda Co., Ltd.
42,136
1,216,897
OSAKA Titanium Technologies Co. Ltd
34,569
731,141
Osaki Electric Co., Ltd.
70,147
266,600
Outsourcing, Inc.
192,535
1,699,142
Oyo Corp.
34,940
467,400
Pacific Industrial Co., Ltd.
87,898
731,671
26  
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Pacific Metals Co., Ltd. *
26,572
302,968
PAL GROUP Holdings Co., Ltd.
42,095
1,004,809
Paramount Bed Holdings Co., Ltd.
76,795
1,270,252
Pasona Group, Inc.
34,474
428,843
Pharma Foods International Co., Ltd.
46,646
597,285
PHC Holdings Corp.
61,495
645,254
PIA Corp. *
11,732
273,745
Pilot Corp.
67,003
2,095,717
Piolax, Inc.
40,980
559,052
PKSHA Technology, Inc. *
30,089
584,056
Pole To Win Holdings, Inc.
55,129
363,804
Premium Group Co., Ltd.
69,542
748,106
Press Kogyo Co., Ltd.
149,907
598,705
Pressance Corp.
35,364
462,188
Prestige International, Inc.
156,983
688,763
Prima Meat Packers Ltd.
54,789
847,040
Procrea Holdings, Inc.
51,818
758,828
Proto Corp.
39,434
312,164
Qol Holdings Co., Ltd.
39,845
449,171
Raito Kogyo Co., Ltd.
81,282
1,116,998
Raiznext Corp.
81,914
789,151
Raksul, Inc. *
89,778
827,000
Relia, Inc.
80,851
846,616
Remixpoint, Inc. (a)
233,074
437,071
Restar Holdings Corp.
46,942
768,395
Retail Partners Co., Ltd.
60,548
673,454
Rheon Automatic Machinery Co., Ltd.
37,475
389,194
Ricoh Leasing Co., Ltd.
29,755
811,413
Riken Corp.
15,598
299,534
Riken Keiki Co., Ltd.
32,407
1,104,086
Riken Technos Corp.
88,188
372,408
Riken Vitamin Co., Ltd.
29,340
414,748
Ringer Hut Co., Ltd. *
47,089
807,539
Riso Kagaku Corp.
42,144
668,138
Riso Kyoiku Co., Ltd.
174,205
375,305
Rock Field Co., Ltd.
37,793
389,791
Roland Corp.
23,261
670,118
Roland DG Corp.
21,684
505,957
Rorze Corp.
18,004
1,422,640
Round One Corp.
370,160
1,708,859
Royal Holdings Co., Ltd.
75,676
1,456,485
RS Technologies Co., Ltd.
25,082
564,599
Ryobi Ltd.
52,223
575,999
Ryoden Corp.
25,032
339,517
Ryosan Co., Ltd.
43,696
1,193,145
Ryoyo Electro Corp.
28,047
537,794
S Foods, Inc.
34,483
757,705
Sagami Holdings Corp.
37,417
334,494
Saibu Gas Holdings Co., Ltd.
47,151
661,461
Saizeriya Co., Ltd.
46,881
1,172,738
Sakai Chemical Industry Co., Ltd.
26,345
334,133
Sakai Moving Service Co., Ltd.
16,586
535,990
Sakata INX Corp.
88,374
721,085
Sakata Seed Corp.
59,792
1,669,032
Sala Corp.
99,360
515,592
SAMTY Co., Ltd.
51,404
784,038
Samty Residential Investment Corp.
809
694,843
San ju San Financial Group, Inc.
41,050
441,600
San-A Co., Ltd.
33,489
1,081,025
San-Ai Obbli Co., Ltd.
98,745
983,810
Sangetsu Corp.
104,452
1,844,348
Sankei Real Estate, Inc.
826
504,888
Sanken Electric Co., Ltd.
36,791
2,933,484
Sanki Engineering Co., Ltd.
90,913
943,520
Sansan, Inc. *
146,909
1,796,997
Sanyo Chemical Industries Ltd.
18,498
532,240
Sanyo Denki Co., Ltd.
15,863
833,371
Sanyo Electric Railway Co., Ltd.
31,326
490,131
Sanyo Special Steel Co., Ltd.
43,387
780,385
SECURITY
NUMBER
OF SHARES
VALUE ($)
Sato Holdings Corp.
42,568
570,661
SBS Holdings, Inc.
31,556
683,226
Seikagaku Corp.
63,745
340,363
Seiko Holdings Corp.
50,215
946,687
Seiren Co., Ltd.
77,238
1,221,191
Sekisui Jushi Corp.
48,962
703,337
Senko Group Holdings Co., Ltd.
193,450
1,273,836
Senshu Electric Co., Ltd.
23,268
525,431
Senshu Ikeda Holdings, Inc.
517,956
834,127
Septeni Holdings Co., Ltd.
187,390
508,326
Seria Co., Ltd.
99,400
1,612,853
Shibaura Machine Co., Ltd.
42,622
1,325,503
Shibaura Mechatronics Corp.
5,436
676,995
Shibuya Corp.
36,185
644,371
Shikoku Chemicals Corp.
57,364
593,697
Shima Seiki Manufacturing Ltd.
53,354
653,010
Shin Nippon Air Technologies Co., Ltd.
23,968
369,174
Shin Nippon Biomedical Laboratories
Ltd.
35,436
591,467
Shindengen Electric Manufacturing Co.,
Ltd.
14,588
339,341
Shin-Etsu Polymer Co., Ltd.
63,921
629,534
Shinko Shoji Co., Ltd.
56,150
437,256
Shinmaywa Industries Ltd.
100,388
883,779
Shinnihon Corp.
54,894
434,547
Shinwa Co., Ltd.
20,992
308,160
Shizuoka Gas Co., Ltd.
104,762
864,550
Shoei Co., Ltd.
89,158
1,666,189
Shoei Foods Corp.
28,111
791,732
Showa Sangyo Co., Ltd.
49,326
910,862
Siix Corp.
62,866
646,141
Simplex Holdings, Inc.
53,608
905,521
Sinanen Holdings Co., Ltd.
15,830
411,853
Sinfonia Technology Co., Ltd.
48,276
560,453
Sinko Industries Ltd.
36,858
529,991
Sintokogio Ltd.
83,638
636,945
SKY Perfect JSAT Holdings, Inc.
227,470
848,240
Snow Peak, Inc. (a)
53,951
724,418
Sodick Co., Ltd.
86,816
436,208
Softcreate Holdings Corp.
26,784
293,883
Solasto Corp.
88,763
377,377
SOSiLA Logistics REIT, Inc.
1,316
1,281,008
Sparx Group Co., Ltd.
31,811
316,482
S-Pool, Inc.
108,946
448,370
SRA Holdings
11,282
245,884
SRE Holdings Corp. *
18,044
456,540
St Marc Holdings Co., Ltd.
37,979
500,986
Star Asia Investment Corp.
3,226
1,327,667
Star Micronics Co., Ltd.
61,810
800,745
Starts Corp., Inc.
53,415
1,036,836
Starts Proceed Investment Corp.
513
868,004
Starzen Co., Ltd.
27,248
439,588
Stella Chemifa Corp.
16,000
347,565
Strike Co., Ltd.
27,344
676,187
Sumida Corp.
38,785
370,320
Sumitomo Densetsu Co., Ltd.
24,735
488,805
Sumitomo Mitsui Construction Co., Ltd.
273,507
685,162
Sumitomo Osaka Cement Co., Ltd.
58,652
1,454,598
Sumitomo Riko Co., Ltd.
66,316
358,837
Sumitomo Seika Chemicals Co., Ltd.
15,159
441,593
Sun Corp.
33,610
410,638
Sun Frontier Fudousan Co., Ltd.
47,772
450,657
Suruga Bank Ltd.
328,421
1,210,585
SWCC Corp.
40,928
548,089
Systena Corp.
510,235
1,106,547
T Hasegawa Co., Ltd.
39,187
845,642
Tachibana Eletech Co., Ltd.
34,467
525,954
Tachi-S Co., Ltd.
51,971
525,234
Tadano Ltd.
213,823
1,573,274
  27
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Taihei Dengyo Kaisha Ltd.
27,733
794,980
Taikisha Ltd.
50,564
1,308,298
Taiyo Holdings Co., Ltd.
61,417
1,122,707
Takamatsu Construction Group Co., Ltd.
26,709
440,833
Takaoka Toko Co., Ltd.
19,219
273,604
Takara Leben Real Estate Investment
Corp.
1,102
724,071
Takara Standard Co., Ltd.
85,307
1,044,700
Takasago International Corp.
27,084
488,119
Takasago Thermal Engineering Co., Ltd.
108,324
1,807,274
Takatori Corp. (a)
9,656
342,105
Takeuchi Manufacturing Co., Ltd.
64,219
1,728,257
Taki Chemical Co., Ltd.
9,292
276,668
Takuma Co., Ltd.
137,276
1,398,159
Tama Home Co., Ltd. (a)
23,964
597,749
Tamron Co., Ltd.
22,783
558,507
Tamura Corp.
154,173
764,713
Tanseisha Co., Ltd.
80,055
455,525
Tatsuta Electric Wire & Cable Co., Ltd. *
62,792
322,241
TechMatrix Corp.
44,293
582,373
Teikoku Electric Manufacturing Co., Ltd.
30,192
485,786
Teikoku Sen-I Co., Ltd.
41,095
469,733
Tekken Corp.
25,769
354,678
Tenma Corp.
22,198
377,341
T-Gaia Corp.
39,237
463,660
The 77 Bank Ltd.
131,559
2,291,913
The Akita Bank Ltd.
34,481
401,289
The Awa Bank Ltd.
64,319
911,970
The Bank of Iwate Ltd.
29,503
424,443
The Bank of Nagoya Ltd.
28,688
690,943
The Bank of Saga Ltd.
22,940
265,005
The Ehime Bank Ltd.
62,097
350,675
The Fukui Bank Ltd.
42,555
427,027
The Gunma Bank Ltd.
749,326
2,676,260
The Hyakugo Bank Ltd.
408,533
1,137,454
The Hyakujushi Bank Ltd.
61,029
764,855
The Japan Wool Textile Co., Ltd.
116,855
815,472
The Keiyo Bank Ltd.
214,556
778,584
The Kiyo Bank Ltd.
114,028
1,207,082
The Miyazaki Bank Ltd.
26,900
433,203
The Musashino Bank Ltd.
59,112
923,182
The Nanto Bank Ltd.
57,519
974,054
The Nippon Road Co., Ltd.
6,455
385,318
The Nisshin Oillio Group Ltd.
43,076
1,015,893
The Ogaki Kyoritsu Bank Ltd.
73,248
934,769
The Oita Bank Ltd.
27,080
397,531
The Okinawa Electric Power Co., Inc. *
80,899
675,727
The Pack Corp.
21,053
442,864
The San-in Godo Bank Ltd.
285,781
1,558,638
The Shibusawa Warehouse Co., Ltd.
17,605
288,807
The Shiga Bank Ltd.
87,524
1,701,429
The Shikoku Bank Ltd.
76,304
452,750
The Sumitomo Warehouse Co., Ltd.
94,347
1,482,244
The Tochigi Bank Ltd.
171,069
286,513
The Toho Bank Ltd.
354,873
566,415
The Towa Bank Ltd.
63,199
231,147
The Yamagata Bank Ltd.
51,964
393,872
The Yamanashi Chuo Bank Ltd.
58,169
467,134
TKC Corp.
53,679
1,436,921
Toa Corp.
30,859
676,970
Toagosei Co., Ltd.
214,104
1,840,453
TOC Co., Ltd.
89,716
383,355
Tocalo Co., Ltd.
97,364
941,479
Toei Co., Ltd.
12,567
1,594,767
Toenec Corp.
14,114
349,024
Toho Holdings Co., Ltd.
94,106
1,712,182
Toho Titanium Co., Ltd. (a)
63,229
859,858
Toho Zinc Co., Ltd.
38,285
456,521
Tokai Corp.
32,690
433,558
SECURITY
NUMBER
OF SHARES
VALUE ($)
TOKAI Holdings Corp.
219,299
1,365,567
Tokai Rika Co., Ltd.
93,268
1,265,024
Tokai Tokyo Financial Holdings, Inc.
413,594
1,036,094
Token Corp.
13,715
712,672
Tokushu Tokai Paper Co., Ltd.
13,067
287,125
Tokuyama Corp.
134,196
2,071,795
Tokyo Electron Device Ltd.
10,690
768,955
Tokyo Kiraboshi Financial Group, Inc.
46,987
1,003,201
Tokyo Seimitsu Co., Ltd.
70,131
3,041,863
Tokyo Steel Manufacturing Co., Ltd.
139,733
1,367,176
Tokyotokeiba Co., Ltd.
28,568
813,804
Tokyu Construction Co., Ltd.
119,740
596,493
Tokyu REIT, Inc.
1,824
2,440,007
TOMONY Holdings, Inc.
266,279
684,208
Tomy Co., Ltd.
161,594
1,907,229
Tonami Holdings Co., Ltd.
12,573
377,959
Topcon Corp.
201,143
2,794,393
Topre Corp.
80,211
807,191
Topy Industries Ltd.
34,953
483,586
Toridoll Holdings Corp.
79,705
1,688,629
Torii Pharmaceutical Co., Ltd.
23,877
576,780
Torishima Pump Manufacturing Co., Ltd.
42,178
466,112
Tosei Corp.
49,772
593,851
Tosei REIT Investment Corp.
692
649,826
Totech Corp.
14,991
437,235
Totetsu Kogyo Co., Ltd.
52,032
945,562
Towa Corp.
44,365
777,971
Towa Pharmaceutical Co., Ltd.
49,666
623,869
Toyo Construction Co., Ltd.
136,295
960,889
Toyo Corp.
36,511
342,858
Toyo Gosei Co., Ltd. (a)
12,877
808,298
Toyo Ink SC Holdings Co., Ltd.
62,787
962,601
Toyo Tanso Co., Ltd.
26,801
966,804
Toyobo Co., Ltd.
165,988
1,180,919
TPR Co., Ltd.
47,822
483,303
Trancom Co., Ltd.
11,327
535,887
Transcosmos, Inc.
47,035
1,107,577
TRE Holdings Corp.
60,014
461,762
Tri Chemical Laboratories, Inc.
49,961
884,326
Trusco Nakayama Corp.
73,206
1,104,522
TSI Holdings Co., Ltd.
147,467
683,954
Tsubaki Nakashima Co., Ltd.
78,816
474,989
Tsubakimoto Chain Co.
61,005
1,445,275
Tsuburaya Fields Holdings, Inc.
62,883
982,976
Tsugami Corp.
79,481
744,663
Tsukishima Holdings Co., Ltd.
65,592
535,196
Tsurumi Manufacturing Co., Ltd.
38,323
647,334
TV Asahi Holdings Corp.
38,061
412,442
UACJ Corp.
53,100
972,192
Uchida Yoko Co., Ltd.
16,549
599,348
Union Tool Co.
17,253
390,837
Unipres Corp.
71,784
504,027
United Arrows Ltd.
49,468
835,944
United Super Markets Holdings, Inc.
101,009
783,694
Universal Entertainment Corp. *
41,966
712,775
Usen-Next Holdings Co., Ltd.
30,417
708,638
UT Group Co., Ltd. *
52,147
1,027,525
V Technology Co., Ltd.
16,370
302,291
Valor Holdings Co., Ltd.
71,777
979,186
Valqua Ltd.
27,646
691,570
ValueCommerce Co., Ltd.
30,244
303,706
Vector, Inc.
44,134
414,442
Vision, Inc./Tokyo Japan *
49,610
614,288
Vital KSK Holdings, Inc.
58,112
374,339
VT Holdings Co., Ltd.
157,835
568,235
Wacoal Holdings Corp.
96,941
1,992,732
Wacom Co., Ltd.
270,104
1,359,075
Wakita & Co., Ltd.
75,189
701,760
Warabeya Nichiyo Holdings Co., Ltd.
25,004
401,417
28  
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Weathernews, Inc.
10,540
503,934
West Holdings Corp.
40,752
827,495
WingArc1st, Inc.
31,583
537,102
World Co., Ltd.
34,696
373,743
World Holdings Co., Ltd.
17,077
335,881
W-Scope Corp. *
94,708
702,269
Xebio Holdings Co., Ltd.
40,959
327,168
YAKUODO Holdings Co., Ltd.
20,793
371,763
YAMABIKO Corp.
60,228
612,561
YA-MAN Ltd. (a)
50,699
415,491
Yamazen Corp.
118,084
861,236
Yellow Hat Ltd.
53,362
698,940
Yodogawa Steel Works Ltd.
50,355
1,056,368
Yokogawa Bridge Holdings Corp.
55,968
896,914
Yokohama Reito Co., Ltd.
80,011
621,350
Yokowo Co., Ltd.
41,175
506,896
Yondoshi Holdings, Inc.
36,855
462,419
Yonex Co., Ltd.
72,602
688,528
Yoshinoya Holdings Co., Ltd.
121,258
2,238,302
Yuasa Trading Co., Ltd.
29,540
886,951
Yurtec Corp.
63,259
365,387
Zenrin Co., Ltd.
89,398
553,479
ZERIA Pharmaceutical Co., Ltd.
66,142
1,107,298
ZIGExN Co., Ltd.
98,623
479,297
Zojirushi Corp.
82,048
980,125
Zuken, Inc.
27,387
684,111
 
639,657,853
 
Netherlands 1.3%
Alfen N.V. *
40,537
2,885,999
AMG Critical Materials N.V.
59,687
2,681,466
APERAM S.A.
84,349
2,753,488
Arcadis N.V.
134,535
5,441,651
Basic-Fit N.V. *(a)
99,990
3,805,598
Brack Capital Properties N.V. *
0
42
Brunel International N.V.
44,029
542,619
Corbion N.V.
110,857
3,034,983
Eurocommercial Properties N.V.
95,025
2,161,874
Flow Traders Ltd.
49,530
1,141,621
Fugro N.V. CVA *
211,679
3,035,276
Galapagos N.V. *
92,845
3,828,627
Koninklijke BAM Groep N.V.
494,730
1,002,121
Majorel Group Luxembourg S.A.
40,548
1,244,973
NSI N.V.
34,642
737,160
PostNL N.V.
686,838
1,061,379
SBM Offshore N.V.
288,002
3,902,466
Sligro Food Group N.V.
63,035
1,055,066
TKH Group N.V.
77,541
3,837,378
TomTom N.V. *
129,882
988,656
Vastned Retail N.V.
32,125
671,270
Wereldhave N.V.
80,496
1,175,690
 
46,989,403
 
New Zealand 0.6%
Argosy Property Ltd.
1,608,286
1,050,680
Chorus Ltd.
837,231
4,107,188
Freightways Group Ltd.
316,578
1,711,464
Genesis Energy Ltd.
1,007,484
1,654,510
Goodman Property Trust
2,041,968
2,619,047
Heartland Group Holdings Ltd.
1,155,388
1,087,197
KMD Brands Ltd.
1,091,551
713,101
Oceania Healthcare Ltd.
1,373,470
691,479
Pacific Edge Ltd. *
1,312,763
334,392
Precinct Properties New Zealand Ltd.
2,469,641
1,783,616
Scales Corp., Ltd.
207,866
393,687
Skellerup Holdings Ltd.
343,556
947,187
SKY Network Television Ltd.
266,739
407,669
SECURITY
NUMBER
OF SHARES
VALUE ($)
Stride Property Group
957,327
780,333
Summerset Group Holdings Ltd.
441,044
2,410,778
Synlait Milk Ltd. *
192,921
179,222
Vector Ltd.
477,838
1,139,841
Vital Healthcare Property Trust
903,914
1,240,632
 
23,252,023
 
Norway 1.9%
Aker Carbon Capture A.S.A. *
641,654
716,343
Aker Horizons Holding A/S *(a)
427,353
296,077
Aker Solutions A.S.A.
487,420
1,593,100
Arendals Fossekompani A/S
22,456
442,351
Atea A.S.A. *
156,768
2,073,742
Austevoll Seafood A.S.A. (a)
166,196
1,314,003
Bakkafrost P/F
96,501
6,287,359
Bonheur A.S.A.
37,288
943,665
Borr Drilling Ltd. *
328,348
2,314,624
Borregaard A.S.A.
188,745
3,126,849
BW Energy Ltd. *
144,788
354,078
BW LPG Ltd.
147,204
1,252,356
BW Offshore Ltd.
168,817
389,358
Crayon Group Holding A.S.A. *
155,877
1,647,886
DNO A.S.A. (a)
1,025,345
910,512
Elkem A.S.A. *
501,552
1,202,686
Entra A.S.A.
105,573
911,439
Europris A.S.A.
299,889
1,975,406
FLEX LNG Ltd. (a)
53,597
1,603,636
Grieg Seafood A.S.A.
108,839
836,100
Hafnia Ltd.
409,647
1,930,052
Hexagon Composites A.S.A. *
206,527
510,806
Hoegh Autoliners A.S.A.
123,236
686,245
Kahoot! A.S.A. *
715,602
1,749,357
MPC Container Ships A.S.A
700,719
1,313,029
NEL A.S.A. *(a)
2,790,362
3,523,339
Scatec A.S.A.
226,600
1,508,911
Sparebank 1 Oestlandet
56,718
632,182
SpareBank 1 SMN
242,219
2,908,467
SpareBank 1 SR-Bank A.S.A.
331,251
3,519,725
Stolt-Nielsen Ltd.
41,405
1,021,846
Storebrand A.S.A.
898,128
6,464,165
Subsea 7 S.A.
440,231
4,446,578
TGS A.S.A.
223,199
3,058,659
Veidekke A.S.A.
206,737
1,910,976
Wallenius Wilhelmsen A.S.A.
190,875
1,116,854
Wilh Wilhelmsen Holding A.S.A., Class A
24,133
560,933
 
67,053,694
 
Poland 0.7%
Alior Bank S.A. *
177,245
1,684,833
AmRest Holdings SE *
137,815
719,331
Asseco Poland S.A.
103,301
2,000,079
Bank Handlowy w Warszawie S.A.
62,127
1,206,534
Bank Millennium S.A. *
1,118,498
1,171,290
CCC S.A. *
74,118
796,552
CD Projekt S.A.
124,624
3,551,267
Ciech S.A.
48,183
523,377
Cyfrowy Polsat S.A.
461,210
1,674,811
Enea S.A. *
504,001
758,979
Grupa Azoty S.A. *
86,686
519,311
Jastrzebska Spolka Weglowa S.A. *
97,310
879,696
Kernel Holding S.A. *
28,761
110,223
KRUK S.A. *
33,297
2,896,583
mBank S.A. *
24,033
1,993,497
Orange Polska S.A.
1,257,693
2,134,966
PGE Polska Grupa Energetyczna S.A. *
1,163,203
1,836,730
  29
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Tauron Polska Energia S.A. *
1,784,205
931,272
Warsaw Stock Exchange
47,023
421,225
 
25,810,556
 
Portugal 0.4%
Altri, SGPS, S.A. (a)
134,522
591,726
Banco Comercial Portugues S.A.,
Class R
14,539,275
3,186,867
Corticeira Amorim SGPS S.A.
64,052
671,933
CTT-Correios de Portugal S.A.
250,753
870,152
Greenvolt-Energias Renovaveis S.A. *(a)
121,983
793,277
NOS, SGPS S.A.
357,477
1,314,817
REN - Redes Energeticas Nacionais,
SGPS, S.A.
729,231
1,947,471
Semapa-Sociedade de Investimento e
Gestao
28,751
392,952
Sonae, SGPS, S.A.
1,711,077
1,647,234
The Navigator Co., S.A.
473,962
1,555,286
 
12,971,715
 
Republic of Korea 5.8%
AbClon, Inc. *
23,199
379,294
ABLBio, Inc. *
47,039
827,546
Advanced Nano Products Co., Ltd.
13,440
1,355,898
Advanced Process Systems Corp.
24,494
394,008
AfreecaTV Co., Ltd.
12,770
723,529
Ahnlab, Inc.
11,223
533,563
Amicogen, Inc. *
35,019
510,543
Ananti, Inc. *
84,941
392,946
Asiana Airlines, Inc. *
62,452
579,231
BH Co., Ltd.
48,203
911,581
Binex Co., Ltd. *
41,517
343,147
Binggrae Co., Ltd.
9,459
345,648
Bioneer Corp. *
38,492
1,551,571
BNC Korea Co., Ltd. *
84,385
244,461
Boryung
51,461
343,526
Bukwang Pharmaceutical Co., Ltd. *
67,944
394,175
Cellivery Therapeutics, Inc. *(b)
45,216
227,570
Chabiotech Co., Ltd. *
79,708
915,839
Chong Kun Dang Pharmaceutical Corp.
14,851
985,777
Chunbo Co., Ltd.
8,131
1,162,753
CJ CGV Co., Ltd. *
44,313
520,838
CMG Pharmaceutical Co., Ltd. *
184,240
322,741
Com2uS Corp.
18,514
929,013
Com2uS Holdings Corp. *
8,432
296,049
Cosmax, Inc. *
14,829
888,232
CosmoAM&T Co., Ltd. *
38,583
5,194,788
Cosmochemical Co., Ltd. *
45,299
1,687,727
Creative & Innovative System *
91,045
823,161
CS Wind Corp.
37,752
2,247,058
Daeduck Electronics Co., Ltd. / New
63,661
1,218,301
Daejoo Electronic Materials Co., Ltd.
18,836
1,343,959
Daesang Corp.
38,354
539,224
Daesung Holdings Co., Ltd.
8,283
118,948
Daewoong Co., Ltd.
38,741
427,910
Daewoong Pharmaceutical Co., Ltd.
9,266
771,439
Daishin Securities Co., Ltd.
57,255
580,207
Danal Co., Ltd. *
94,373
303,970
Daol Investment & Securities Co., Ltd.
86,486
247,289
Daou Technology, Inc.
45,310
655,455
Dawonsys Co., Ltd. *
50,661
599,649
DB HiTek Co., Ltd.
65,743
2,991,808
Dentium Co., Ltd.
12,927
1,544,714
DIO Corp. *
21,701
453,722
Dong-A Socio Holdings Co., Ltd.
4,564
287,131
Dong-A ST Co., Ltd.
8,926
368,540
Dongjin Semichem Co., Ltd.
57,026
1,647,728
SECURITY
NUMBER
OF SHARES
VALUE ($)
DongKook Pharmaceutical Co., Ltd.
44,848
524,423
Dongkuk Steel Mill Co., Ltd. (b)
102,607
881,311
Dongwon Industries Co., Ltd.
34,042
1,174,702
Doosan Co., Ltd.
11,016
807,577
Doosan Fuel Cell Co., Ltd. *
56,146
1,302,917
Doosan Tesna, Inc.
18,477
519,959
DoubleUGames Co., Ltd.
17,134
573,823
Duk San Neolux Co., Ltd. *
23,619
815,031
Duzone Bizon Co., Ltd.
32,022
750,337
Ecopro Co., Ltd.
33,937
14,395,578
Ecopro HN Co., Ltd.
20,040
939,151
Enchem Co., Ltd. *
13,370
731,333
ENF Technology Co., Ltd.
15,731
267,270
Eo Technics Co., Ltd.
16,012
1,115,924
Eoflow Co., Ltd. *
46,272
997,084
ESR Kendall Square REIT Co., Ltd.
237,049
743,876
Eubiologics Co., Ltd. *
54,378
311,375
Eugene Technology Co., Ltd.
26,970
631,959
Foosung Co., Ltd.
99,278
1,022,513
GemVax & Kael Co., Ltd. *
65,299
774,880
GeneOne Life Science, Inc. *
139,651
526,092
Genexine, Inc. *
58,156
549,026
GOLFZON Co., Ltd.
5,202
439,363
Grand Korea Leisure Co., Ltd. *
28,008
412,128
Green Cross Holdings Corp.
49,295
575,681
Green Cross LabCell Corp.
15,996
558,610
HAESUNG DS Co., Ltd.
21,459
819,718
Halla Holdings Corp.
13,521
362,156
Han Kuk Carbon Co., Ltd.
59,632
508,147
Hana Micron, Inc.
68,347
872,844
Hana Tour Service, Inc. *
21,718
893,428
Hanall Biopharma Co., Ltd. *
71,211
1,183,050
Hancom, Inc. *
31,407
350,452
Handsome Co., Ltd.
24,354
423,867
Hanjin Transportation Co., Ltd.
26,364
397,273
Hankook & Co. Co., Ltd.
51,357
464,718
Hanmi Semiconductor Co., Ltd.
85,651
1,713,343
Hansae Co., Ltd.
25,563
306,429
Hansol Chemical Co., Ltd.
15,485
2,700,906
Hansol Paper Co., Ltd.
33,393
281,284
Hanssem Co., Ltd.
12,937
443,499
Hanwha General Insurance Co., Ltd. *
150,430
494,727
Hanwha Investment & Securities Co.,
Ltd. *
196,436
404,046
Hanwha Systems Co., Ltd.
115,611
1,226,448
Harim Holdings Co., Ltd.
82,082
505,881
HD Hyundai Construction Equipment
Co. Ltd.
23,089
1,040,288
HD Hyundai Electric Co. Ltd.
41,457
1,527,404
HDC Holdings Co., Ltd.
72,619
373,149
HDC Hyundai Development
Co-Engineering & Construction,
Class E
88,624
837,329
Helixmith Co.,Ltd *
58,387
364,685
HK inno N Corp.
28,938
734,760
HLB Global Co., Ltd. *
71,667
312,100
HLB Life Science Co., Ltd. *
160,479
1,357,829
HLB Therapeutics Co., Ltd. *
101,041
433,930
Hugel, Inc. *
10,718
878,597
Humasis Co., Ltd. *
218,468
478,992
Huons Co., Ltd.
12,474
299,808
Hyosung Advanced Materials Corp.,
Class C
5,979
2,011,395
Hyosung Chemical Corp. *
4,257
319,135
Hyosung Corp.
16,744
823,796
Hyosung Heavy Industries Corp. *
11,987
722,516
Hyosung TNC Corp.
5,913
1,695,157
Hyundai Autoever Corp.
8,370
794,590
30  
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Hyundai Bioscience Co., Ltd. *
66,675
1,112,715
Hyundai Elevator Co., Ltd.
41,326
1,303,065
Hyundai GF Holdings
63,954
173,949
Hyundai Green Food *
21,379
189,588
Hyundai Home Shopping Network Corp.
10,172
356,374
Hyundai Rotem Co., Ltd. *
138,617
3,232,395
Il Dong Pharmaceutical Co., Ltd. *
29,745
435,894
Ilyang Pharmaceutical Co., Ltd.
23,679
313,460
iMarketKorea, Inc.
35,216
262,147
InBody Co., Ltd.
19,941
401,149
Innocean Worldwide, Inc.
20,757
610,707
Innox Advanced Materials Co., Ltd.
25,246
763,705
Insun ENT Co., Ltd. *
43,900
281,476
Intellian Technologies, Inc.
12,760
652,781
INTOPS Co., Ltd.
22,628
604,379
iNtRON Biotechnology, Inc. *
48,282
272,103
IS Dongseo Co., Ltd. *
25,556
712,429
i-SENS, Inc.
32,924
432,620
JB Financial Group Co., Ltd.
278,405
1,782,967
Jeju Air Co., Ltd. *
59,655
609,922
JR Global Reit
175,134
599,724
Jusung Engineering Co., Ltd.
67,388
849,934
JW Pharmaceutical Corp.
28,574
498,390
JYP Entertainment Corp.
52,077
4,786,886
KCC Glass Corp.
15,982
518,986
KEPCO Engineering & Construction Co.,
Inc.
23,775
1,196,587
KH Vatec Co., Ltd.
28,591
448,064
KISWIRE Ltd.
19,559
271,593
KIWOOM Securities Co., Ltd.
25,063
1,771,263
KMW Co., Ltd. *
55,708
782,787
Koh Young Technology, Inc.
116,712
1,215,265
Kolmar Korea Co., Ltd.
27,443
777,440
Kolon Industries, Inc.
35,100
1,131,874
Komipharm International Co., Ltd. *
67,420
387,071
Korea Electric Terminal Co., Ltd.
13,245
605,742
Korea Line Corp. *
261,583
368,749
Korea Petrochemical Ind Co., Ltd.
5,767
590,061
Korean Reinsurance Co.
184,208
979,852
Kuk-il Paper Manufacturing Co., Ltd. *(b)
146,037
31,689
Kum Yang Co., Ltd. *
54,775
1,991,255
Kumho Tire Co., Inc. *
252,665
895,678
L&C Bio Co., Ltd.
22,600
582,347
LEENO Industrial, Inc.
16,345
1,597,247
LegoChem Biosciences, Inc. *
32,212
1,001,126
LF Corp.
33,309
411,829
LG Hausys Ltd.
12,180
394,605
LIG Nex1 Co., Ltd.
20,773
1,239,572
LOTTE Reit Co., Ltd.
231,110
681,707
Lotte Rental Co., Ltd.
21,147
443,732
Lotte Tour Development Co., Ltd. *
59,628
496,432
Lotte Wellfood Co., Ltd.
4,915
392,533
LS Electric Co., Ltd.
27,739
1,331,305
Lutronic Corp.
36,929
751,240
LX Holdings Corp.
77,167
476,171
LX International Corp.
42,649
970,427
LX Semicon Co., Ltd.
19,238
1,684,276
Mcnex Co., Ltd.
22,078
541,450
Medipost Co., Ltd. *
27,518
304,776
MedPacto, Inc. *
23,794
393,504
Medytox, Inc.
8,936
1,656,249
MegaStudyEdu Co., Ltd.
14,818
708,942
Mezzion Pharma Co., Ltd. *
28,459
536,052
Modetour Network, Inc. *
28,450
366,758
Myoung Shin Industrial Co., Ltd. *
50,666
855,090
Namsun Aluminum Co., Ltd. *
171,722
367,444
Namyang Dairy Products Co., Ltd.
844
328,761
Naturecell Co., Ltd. *
86,823
673,782
Neowiz *
22,139
833,184
SECURITY
NUMBER
OF SHARES
VALUE ($)
NEPES Corp. *
30,785
463,892
Nexen Tire Corp.
62,630
387,884
NHN KCP Corp.
41,705
350,042
NICE Holdings Co., Ltd.
34,714
319,089
NICE Information Service Co., Ltd.
63,086
502,407
NKMax Co., Ltd. *
56,782
586,965
OliX Pharmaceuticals, Inc. *
17,865
258,839
Orion Holdings Corp.
37,378
428,907
Oscotec, Inc. *
61,767
1,098,287
Park Systems Corp.
8,826
1,093,899
Partron Co., Ltd.
79,548
546,602
People & Technology, Inc.
35,443
1,399,294
PharmaResearch Co., Ltd.
11,532
996,587
Pharmicell Co., Ltd. *
104,976
701,554
PI Advanced Materials Co., Ltd.
24,347
610,853
Poongsan Corp.
35,691
1,054,125
Posco DX Co., Ltd.
101,836
880,059
RFHIC Corp.
31,869
559,463
S&S Tech Corp.
30,488
1,272,583
Sam Chun Dang Pharm Co., Ltd. *
25,212
1,177,731
SAM KANG M&T Co., Ltd. *
46,452
682,824
Samchully Co., Ltd.
4,198
386,826
Samwha Capacitor Co., Ltd.
14,526
485,386
Samyang Foods Co., Ltd.
7,654
623,392
Samyang Holdings Corp.
11,513
612,407
Sangsangin Co., Ltd.
69,865
282,145
Seah Besteel Holdings Corp.
21,440
390,112
Sebang Global Battery Co., Ltd.
18,008
660,757
Seobu T&D
50,857
291,597
Seojin System Co., Ltd. *
36,850
460,885
Seoul Semiconductor Co., Ltd.
65,377
605,867
SFA Engineering Corp.
35,542
1,057,758
SFA Semicon Co., Ltd. *
146,068
626,202
Shinhan Alpha REIT Co., Ltd.
87,472
415,200
Shinsegae International, Inc.
21,343
290,255
Shinsung E&G Co., Ltd. *
289,090
445,424
SIMMTECH Co., Ltd.
37,055
872,457
SK Discovery Co., Ltd.
20,733
550,641
SK Gas Ltd.
4,864
461,022
SK REITs Co., Ltd.
212,896
822,872
SK Securities Co., Ltd.
626,255
330,291
SL Corp.
28,929
785,753
SM Entertainment Co., Ltd.
16,400
1,355,494
SNT Motiv Co., Ltd.
13,389
518,512
Solid, Inc.
84,353
356,542
SOLUM Co., Ltd. *
65,453
1,247,663
Songwon Industrial Co., Ltd.
28,913
355,299
Soulbrain Co., Ltd.
7,910
1,373,709
ST Pharm Co., Ltd.
17,213
1,119,218
STCUBE *
73,810
1,170,616
Studio Dragon Corp. *
11,379
555,554
Sung Kwang Bend Co., Ltd.
32,132
315,207
Sungeel Hitech Co., Ltd. *
9,665
1,028,215
Sungwoo Hitech Co., Ltd.
86,706
666,341
Taekwang Industrial Co., Ltd.
1,008
494,412
Taihan Electric Wire Co., Ltd. *
64,772
696,400
TES Co., Ltd.
23,361
384,583
The Nature Holdings Co., Ltd..
16,915
330,717
TK Corp.
24,234
327,928
TKG Huchems Co., Ltd.
42,632
724,318
Tokai Carbon Korea Co., Ltd.
7,691
612,499
Tongyang, Inc.
364,272
286,807
TY Holdings Co., Ltd.
34,099
266,677
Unid Co., Ltd.
6,613
302,437
Vaxcell-Bio Therapeutics Co., Ltd. *
19,392
579,313
Vieworks Co., Ltd.
13,691
336,279
Webzen, Inc.
28,215
317,811
WONIK IPS Co., Ltd.
67,782
1,646,992
W-Scope Chungju Plant Co., Ltd. *
24,650
999,186
  31
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Wysiwyg Studios Co., Ltd. *
176,320
478,910
YG Entertainment, Inc.
21,274
1,505,088
Youlchon Chemical Co., Ltd.
24,449
655,780
Young Poong Corp.
942
373,322
Youngone Corp.
57,747
1,955,719
Youngone Holdings Co., Ltd.
10,980
555,928
Yuanta Securities Korea Co., Ltd.
147,440
313,265
Yungjin Pharmaceutical Co., Ltd. *
149,827
316,079
Zinus, Inc.
19,843
451,504
 
208,858,521
 
Singapore 1.0%
AEM Holdings Ltd.
520,012
1,381,735
AIMS APAC REIT (b)
1,036,616
995,644
Ascendas India Trust
1,699,810
1,329,888
CapitaLand China Trust
2,121,204
1,565,637
CDL Hospitality Trusts
1,677,435
1,436,192
Cromwell European Real Estate
Investment Trust
614,941
1,068,610
Digital Core REIT Management Pte Ltd.
1,231,381
517,180
Eagle Hospitality Trust *(b)
940,343
0
ESR-LOGOS REIT
10,854,300
2,643,775
Far East Hospitality Trust
1,860,530
817,076
First Real Estate Investment Trust
2,012,132
378,709
First Resources Ltd.
968,404
1,079,300
Frasers Centrepoint Trust
2,006,013
3,153,713
Golden Energy & Resources Ltd. *
1,115,484
778,044
iFAST Corp., Ltd.
299,203
987,148
Keppel Infrastructure Trust
7,067,710
2,530,051
Keppel Pacific Oak US REIT
1,658,503
497,551
Lendlease Global Commercial REIT
3,480,017
1,708,094
Manulife US Real Estate Investment
Trust
3,050,648
515,559
Nanofilm Technologies International Ltd.
328,174
356,066
OUE Commercial Real Estate Investment
Trust
3,966,572
980,774
Parkway Life Real Estate Investment
Trust
715,153
1,894,969
Prime US REIT
1,229,238
264,286
Raffles Medical Group Ltd.
1,767,903
1,696,331
Riverstone Holdings Ltd.
1,025,816
461,858
Sheng Siong Group Ltd.
801,636
958,520
Silverlake Axis Ltd.
1,414,456
302,758
SPH REIT
2,009,242
1,423,680
Starhill Global REIT
2,741,699
1,032,045
The Hour Glass Ltd.
415,718
625,947
UMS Holdings Ltd.
881,177
689,410
 
34,070,550
 
Spain 1.8%
Acerinox S.A.
368,517
3,748,038
Almirall S.A.
136,038
1,192,873
Applus Services S.A.
240,956
2,301,674
Atresmedia Corp de Medios de
Comunicaion S.A.
147,872
553,339
Banco De Sabadell S.A.
10,650,014
10,491,081
Cia de Distribucion Integral Logista
Holdings S.A.
117,039
2,902,274
Cie Automotive S.A.
95,002
2,708,272
Construcciones y Auxiliar de
Ferrocarriles S.A.
34,645
1,098,818
Distribuidora Internacional de
Alimentacion S.A. *
26,994,908
397,154
Ebro Foods S.A.
147,943
2,621,341
Ence Energia y Celulosa S.A.
238,634
735,239
Faes Farma S.A.
613,688
2,162,306
SECURITY
NUMBER
OF SHARES
VALUE ($)
Fluidra S.A.
209,301
3,688,436
Fomento de Construcciones y Contratas
S.A.
82,276
789,430
Gestamp Automocion S.A.
300,156
1,311,985
Global Dominion Access S.A.
194,433
842,614
Indra Sistemas S.A.
229,473
2,806,035
Laboratorios Farmaceuticos Rovi S.A.
40,607
1,788,790
Lar Espana Real Estate Socimi S.A.
116,000
607,208
Let's GOWEX S.A. *(b)
5,361
0
Linea Directa Aseguradora S.A. Cia de
Seguros y Reaseguros
1,281,945
1,209,514
Melia Hotels International S.A. *
198,468
1,254,710
Neinor Homes S.A. *
77,888
744,006
Pharma Mar S.A.
25,594
885,150
Prosegur Cash S.A.
702,744
474,241
Prosegur Cia de Seguridad S.A.
465,708
829,141
Sacyr S.A.
744,003
2,220,909
Solaria Energia y Medio Ambiente S.A. *
114,776
1,553,395
Tecnicas Reunidas S.A. *(a)
92,941
821,905
Unicaja Banco S.A.
2,351,135
2,233,332
Vidrala SA
34,783
3,289,188
Viscofan S.A.
73,077
4,869,214
 
63,131,612
 
Sweden 5.1%
AAK AB
328,755
6,295,026
AddLife AB, Class B
206,715
2,569,787
Addnode Group AB
219,659
2,361,360
AddTech AB, B Shares
365,303
7,464,753
AFRY AB
184,719
2,795,327
Alleima AB
350,854
1,432,610
Arjo AB, B Shares
424,877
1,653,661
Atrium Ljungberg AB, B Shares
83,630
1,354,696
Attendo AB *
203,883
615,381
Avanza Bank Holding AB
236,706
4,871,747
Beijer Alma AB
81,498
1,804,643
Betsson AB, Class B *
228,383
2,304,059
BICO Group AB *(a)
85,306
438,146
Bilia AB, A Shares
134,361
1,291,315
BillerudKorsnas AB (a)
404,701
3,152,500
BioArctic AB *
63,194
1,853,387
Biotage AB
124,859
1,617,582
Boozt AB *
117,590
1,280,313
Bravida Holding AB
381,270
3,713,350
Bufab AB
57,088
1,849,501
Bure Equity AB
102,397
2,303,170
Camurus AB *
38,691
991,840
Catena AB
62,482
2,140,219
Cibus Nordic Real Estate AB
89,633
807,583
Cint Group AB *
380,877
343,481
Clas Ohlson AB, B Shares
71,278
473,829
Cloetta AB, B Shares
383,596
672,128
Collector Bank AB *
142,529
393,528
Concentric AB
74,403
1,415,103
Corem Property Group AB, B Shares
1,259,042
701,036
Dios Fastigheter AB
165,404
949,087
Dometic Group AB
616,514
3,584,568
Electrolux Professional AB, B Shares
431,862
2,146,692
Elekta AB, B Shares
680,721
4,976,126
Fabege AB
475,834
3,383,949
Fagerhult AB
133,636
799,341
Fortnox AB
930,839
5,981,741
Granges AB *
199,485
1,792,572
Hemnet Group AB
146,883
2,476,481
Hexatronic Group AB (a)
371,801
2,304,540
Hexpol AB
464,406
4,693,728
HMS Networks AB
53,551
2,369,635
Hufvudstaden AB, A Shares
204,125
2,434,436
32  
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Instalco AB
453,525
2,398,137
Intrum AB (a)
147,189
1,049,998
Investment AB Oresund
68,283
652,489
INVISIO AB
63,513
1,327,613
JM AB
120,827
1,449,888
Lagercrantz Group AB, B Shares
354,071
4,274,774
Lindab International AB
130,388
2,059,401
Loomis AB
137,877
3,792,897
Medicover AB, B Shares
122,427
1,862,795
MEKO AB
79,383
781,168
MIPS AB
41,241
2,056,063
Modern Times Group MTG AB,
B Shares *
230,338
1,453,951
Munters Group AB
197,261
2,381,574
Mycronic AB
130,309
2,895,064
NCC AB, B Shares
149,924
1,234,949
Nobia AB *
220,790
297,197
Nolato AB, B Shares
336,226
1,655,860
Nordnet AB publ
320,987
4,468,147
NP3 Fastigheter AB
53,550
854,647
Nyfosa AB
343,869
1,895,709
OX2 AB *
216,396
1,330,157
Pandox AB
167,713
1,718,181
Peab AB, B Shares
369,077
1,510,409
Platzer Fastigheter Holding AB,
B Shares
100,156
703,989
Ratos AB, B Shares
370,106
1,060,982
Resurs Holding AB
268,269
475,971
Samhallsbyggnadsbolaget i Norden
AB (a)
2,100,063
670,524
Samhallsbyggnadsbolaget i Norden AB,
Class D (a)
250,833
96,336
Scandic Hotels Group AB *(a)
256,009
922,080
Sdiptech AB, Class B *
56,202
1,302,340
Sectra AB, B Shares *
243,038
4,108,842
Sinch AB *
1,151,427
2,390,431
SkiStar AB
76,574
911,830
Stillfront Group AB *
847,946
1,543,406
Storskogen Group AB, B Shares
2,614,656
2,837,213
Systemair AB
151,294
1,198,275
Thule Group AB
198,066
5,006,428
Troax Group AB
64,048
1,301,722
Truecaller AB, B Shares *
376,244
1,172,262
Viaplay Group AB, B Shares *
142,013
2,774,079
Vitec Software Group AB, B Shares
49,299
2,461,870
Vitrolife AB
123,264
2,419,162
Volati AB
37,952
397,527
Wallenstam AB, B Shares
634,200
2,022,009
Wihlborgs Fastigheter AB
497,090
3,544,249
 
181,576,552
 
Switzerland 4.4%
Accelleron Industries AG
182,567
4,385,682
Allreal Holding AG
27,340
4,504,079
ALSO Holding AG
5,472
1,093,023
ams-OSRAM AG *(a)
467,785
3,419,285
APG SGA S.A.
2,088
420,272
Arbonia AG
84,216
954,414
Aryzta AG *
1,782,729
2,837,467
Autoneum Holding AG *
5,569
861,409
Basilea Pharmaceutica AG *
21,987
1,107,588
Bell Food Group AG
3,612
1,049,047
Bossard Holding AG, Class A
4,810
1,118,115
Bucher Industries AG
12,123
5,049,979
Burckhardt Compression Holding AG
5,876
3,580,301
Bystronic AG
2,430
1,645,430
Cembra Money Bank AG
55,133
4,098,110
Comet Holding AG
13,903
3,762,623
SECURITY
NUMBER
OF SHARES
VALUE ($)
COSMO Pharmaceuticals N.V.
18,445
961,444
Daetwyler Holding AG
14,147
3,458,792
DocMorris AG *
15,354
482,379
dormakaba Holding AG
5,755
2,622,061
Dottikon Es Holding AG *
8,404
2,381,049
Dufry AG *
185,765
8,366,182
EFG International AG *
148,196
1,428,219
Forbo Holding AG
1,792
2,618,949
Galenica AG
91,664
7,129,367
Hiag Immobilien Holding AG *
6,648
567,242
Huber & Suhner AG
31,995
2,561,980
Idorsia Ltd. *(a)
223,463
1,822,367
Implenia AG
28,127
1,412,273
Inficon Holding AG
3,623
4,002,877
Interroll Holding AG
1,054
3,401,302
Intershop Holding AG
2,065
1,377,947
Kardex Holding AG
10,950
2,364,524
Komax Holding AG
8,942
2,284,042
Landis & Gyr Group AG *
45,843
4,036,932
LEM Holding S.A.
937
2,096,117
Leonteq AG *
19,577
966,911
Medacta Group S.A.
11,461
1,404,181
Medartis Holding AG *
8,917
718,901
Medmix AG
45,374
1,002,631
Meyer Burger Technology AG *(a)
6,833,503
4,290,795
Mobimo Holding AG
13,491
3,497,639
Montana Aerospace AG *
42,776
661,656
OC Oerlikon Corp. AG
351,672
1,698,828
PIERER Mobility AG
16,592
1,334,039
PolyPeptide Group AG *
27,668
711,865
Rieter Holding AG
5,685
570,894
Schweiter Technologies AG
1,723
1,232,666
Sensirion Holding AG *
19,487
1,971,829
SFS Group AG
32,996
4,403,557
Siegfried Holding AG *
7,713
6,087,545
SKAN Group AG
20,234
1,757,457
Softwareone Holding AG *
203,778
3,105,210
St. Galler Kantonalbank AG
5,241
2,694,602
Stadler Rail AG
100,432
3,803,485
Sulzer AG
32,704
2,543,625
Swissquote Group Holding S.A.
16,418
3,333,349
TX Group AG
5,886
696,675
u-blox Holding AG *
12,927
1,662,982
Valiant Holding AG
29,604
3,008,491
Vetropack Holding AG
22,945
1,055,447
Vontobel Holding AG
53,037
3,376,638
VP Bank AG, Class A
4,742
466,860
VZ Holding AG
25,526
2,110,994
Ypsomed Holding AG
6,515
1,696,188
Zehnder Group AG
18,349
1,423,119
 
158,551,928
 
United Kingdom 12.5%
4imprint Group plc
52,183
2,978,312
888 Holdings plc *
720,495
623,748
AG Barr plc
165,752
1,037,437
AJ Bell plc
539,169
2,133,041
Alphawave IP Group plc *
510,690
748,146
AO World plc *
836,895
671,618
Ascential plc *
827,942
2,304,736
Ashmore Group plc
858,613
2,390,115
ASOS plc *(a)
123,435
525,199
Assura plc
5,451,307
3,240,345
Aston Martin Lagonda Global Holdings
plc *(a)
477,508
1,680,779
Auction Technology Group plc *
165,588
1,580,269
Avon Rubber plc
55,682
621,110
Babcock International Group plc *
479,981
1,833,446
  33
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Bakkavor Group plc
253,128
282,354
Balfour Beatty plc
1,101,687
5,013,862
Bank of Georgia Group plc
69,260
2,588,102
Bellway plc
234,994
6,582,285
Big Yellow Group plc
327,529
4,668,304
Bodycote plc
355,431
2,812,728
Bridgepoint Group plc
480,711
1,277,381
Britvic plc
484,817
5,311,799
Bytes Technology Group plc
381,648
2,412,374
C&C Group plc *
738,951
1,331,654
Capita plc *
3,108,423
1,288,303
Capricorn Energy plc
280,911
681,003
Carnival plc *
276,831
2,688,566
Centamin plc
2,176,477
2,711,013
Chemring Group plc
538,525
1,705,329
Clarkson plc
47,070
1,671,400
Close Brothers Group plc
281,030
3,160,900
CLS Holdings plc
348,934
591,617
CMC Markets plc
253,578
560,684
Coats Group plc
3,078,451
2,647,910
Computacenter plc
143,697
4,131,875
Cranswick plc
99,221
3,996,672
Crest Nicholson Holdings plc
473,925
1,423,816
Currys plc
1,846,460
1,154,550
Darktrace plc *
772,058
2,706,081
Deliveroo plc *
2,491,968
3,242,972
Diploma plc
246,820
9,275,152
Diversified Energy Co., plc
1,539,625
1,623,888
Domino's Pizza Group plc
702,525
2,431,021
Dr. Martens plc
1,054,231
2,042,238
Drax Group plc
772,313
5,297,171
Dunelm Group plc
214,496
2,897,725
easyJet plc *
707,490
4,132,656
Elementis plc *
1,082,507
1,438,259
Energean plc
256,824
3,533,215
Essentra plc
576,316
1,305,715
FDM Group Holdings plc
157,911
1,313,247
Ferrexpo plc
555,532
634,821
Finablr plc *(b)
225,475
0
FirstGroup plc
1,480,536
2,106,553
Frasers Group plc *
244,527
2,038,124
Future plc
226,043
2,022,739
Games Workshop Group plc
62,312
7,305,910
Genuit Group plc
440,961
1,735,223
Genus plc
126,244
3,955,481
Grafton Group plc
380,593
3,848,185
Grainger plc
1,364,136
4,199,724
Great Portland Estates plc
403,369
2,416,688
Greencore Group plc *
990,880
984,320
Greggs plc
188,132
6,262,968
Halfords Group plc
408,661
1,026,158
Hammerson plc (a)
7,412,969
2,278,533
Harbour Energy plc
1,305,439
3,637,177
Hays plc
3,008,932
4,012,695
Helical plc
198,994
600,552
Helios Towers plc *
1,475,936
1,649,092
Hill & Smith plc
151,223
2,728,920
Hilton Food Group plc
150,254
1,357,579
Hochschild Mining plc
615,363
579,256
Home REIT plc (b)
1,478,309
522,869
Ibstock plc
705,885
1,400,673
IG Group Holdings plc
729,905
6,079,210
Inchcape plc
711,671
6,721,183
Indivior plc *
235,814
4,252,498
IntegraFin Holdings plc
551,475
1,719,681
International Distributions Services plc
1,322,992
3,226,142
Investec plc
1,205,868
6,112,721
IP Group plc
1,888,379
1,324,699
IWG plc *
1,350,099
2,432,997
SECURITY
NUMBER
OF SHARES
VALUE ($)
J.D. Wetherspoon plc *
175,132
1,592,125
John Wood Group plc *
1,263,252
2,201,338
JTC plc
246,675
2,130,931
Jupiter Fund Management plc
802,475
1,089,073
Just Group plc
1,976,091
2,064,648
Kainos Group plc
174,199
2,767,867
Keller Group plc
136,696
1,150,369
Lancashire Holdings Ltd.
461,473
3,543,228
Liontrust Asset Management plc
116,967
1,093,790
LondonMetric Property plc
1,778,573
3,967,854
LXI REIT plc
2,878,161
3,502,983
Man Group plc
2,309,602
6,286,096
Marks & Spencer Group plc *
3,727,111
8,250,215
Marshalls plc
429,085
1,611,378
Mitchells & Butlers plc *
486,045
1,232,519
Mitie Group plc
2,538,277
2,796,741
Molten Ventures plc *
284,671
1,026,004
Moneysupermarket.com Group plc
986,525
3,071,420
Moonpig Group plc *
527,635
882,834
Morgan Advanced Materials plc
539,809
1,940,214
Morgan Sindall Group plc
81,385
1,835,808
National Express Group plc
1,025,869
1,356,650
NCC Group plc
566,156
637,840
Network International Holdings plc *
862,930
3,914,427
Ninety One plc
633,182
1,278,383
OSB Group plc
815,582
4,993,512
Oxford Biomedica plc *
160,427
891,767
Oxford Instruments plc
101,289
3,471,114
Oxford Nanopore Technologies plc *
1,211,231
4,056,242
Pagegroup plc
591,935
3,191,353
Paragon Banking Group plc
439,861
2,646,225
Pennon Group plc
496,828
4,762,970
Petershill Partners plc
523,717
947,678
Petrofac Ltd. *(a)
827,994
725,535
Pets at Home Group plc
874,428
4,064,123
Playtech plc *
570,456
4,249,209
Plus500 Ltd.
169,493
3,029,204
Premier Foods plc
1,280,056
2,116,393
Primary Health Properties plc
2,500,291
3,089,564
PureTech Health plc *
473,533
1,282,370
PZ Cussons plc
435,690
993,589
QinetiQ Group plc
983,377
4,380,358
Quilter plc
2,568,447
2,677,183
Rank Group plc *
404,254
485,500
Rathbone Brothers plc
117,331
2,899,676
Redde Northgate plc
453,062
2,097,296
Redrow plc
501,590
2,998,939
Rhi Magnesita N.V.
52,568
1,635,335
Rotork plc
1,642,648
6,535,233
S4 Capital plc *
1,026,018
1,528,519
Safestore Holdings plc
396,888
4,596,834
Savills plc
253,276
2,856,584
Senior plc
803,360
1,666,776
Serco Group plc
2,225,770
3,942,067
Shaftesbury Capital plc
2,547,773
3,786,094
SIG plc *
1,274,102
630,070
Sirius Real Estate Ltd.
2,228,371
2,264,711
Softcat plc
232,950
3,941,004
Spectris plc
198,660
9,060,867
Spire Healthcare Group plc
531,505
1,469,007
Spirent Communications plc
1,152,334
2,563,624
SSP Group plc *
1,475,115
4,921,669
Supermarket Income REIT plc
2,351,714
2,323,027
Synthomer plc
636,345
708,634
TBC Bank Group plc
98,333
2,803,100
Telecom Plus plc
129,540
2,440,389
THG plc *(a)
1,824,767
1,397,227
TI Fluid Systems plc
595,894
898,078
TP ICAP Group plc
1,500,077
2,816,681
34  
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Trainline plc *
880,489
2,671,449
Travis Perkins plc
398,787
4,315,849
Tritax Big Box REIT plc
3,568,639
6,192,160
Trustpilot Group plc *
632,451
640,413
TUI AG *
845,187
5,337,139
Tullow Oil plc *
2,194,954
675,754
Vanquis Banking Group plc
485,597
1,306,012
Vesuvius plc
404,287
2,070,435
Victrex plc
163,463
3,138,213
Virgin Money UK plc
2,256,693
4,142,276
Vistry Group plc
656,727
5,884,840
Volution Group plc
360,086
1,994,919
Watches of Switzerland Group plc *
441,955
3,686,418
WH Smith plc
235,150
4,575,685
Wickes Group plc
483,278
730,749
Wizz Air Holdings plc *
17,400
598,660
Workspace Group plc
264,492
1,648,891
XP Power Ltd.
34,216
884,192
 
450,029,612
Total Common Stocks
(Cost $3,711,654,588)
3,562,902,643
 
PREFERRED STOCKS 0.1% OF NET ASSETS
 
Germany 0.0%
Draegerwerk AG & Co. KGaA
16,172
749,982
 
Italy 0.1%
Danieli & C Officine Meccaniche S.p.A. -
RSP
75,882
1,368,791
 
Republic of Korea 0.0%
Daishin Securities Co., Ltd.
34,567
338,052
 
Sweden 0.0%
Corem Property Group AB
21,715
308,459
Total Preferred Stocks
(Cost $3,020,265)
2,765,284
 
RIGHTS 0.0% OF NET ASSETS
 
Republic of Korea 0.0%
Intellian Technologies, Inc.
expires 06/07/23, strike KRW
58,300.00 *(b)
2,127
15,384
Namyang Dairy Products Co., Ltd.
expires 06/02/23, strike KRW
215,500.00 *(b)
33
2,126
 
17,510
 
Spain 0.0%
Almirall S.A.
expires 06/01/23, strike EUR
0.17 *(b)
138,810
25,358
Total Rights
(Cost $27,431)
42,868
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
WARRANTS 0.0% OF NET ASSETS
 
Australia 0.0%
PointsBet Holdings Ltd.
expires 07/08/24 *(b)
19,829
78
 
Italy 0.0%
Webuild S.p.A.
expires 08/02/30 *(a)(b)
44,499
85,820
Total Warrants
(Cost $0)
85,898
 
INVESTMENT COMPANIES 0.1% OF NET ASSETS
 
United Kingdom 0.1%
Balanced Commercial Property Trust
Ltd.
1,010,797
1,000,973
Picton Property Income Ltd.
1,009,548
937,174
UK Commercial Property REIT Ltd.
1,416,779
928,901
Total Investment Companies
(Cost $3,869,189)
2,867,048
 
 
 
 
SHORT-TERM INVESTMENTS 2.0% OF NET ASSETS
 
Money Market Funds 2.0%
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 5.02% (c)(d)
72,264,900
72,264,900
Total Short-Term Investments
(Cost $72,264,900)
72,264,900
Total Investments in Securities
(Cost $3,790,836,373)
3,640,928,641
 
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
DEPRECIATION
($)
FUTURES CONTRACTS
Long
MSCI EAFE Index, expires
06/16/23
220
22,587,400
(700,936
)
 
*
Non-income producing security.
(a)
All or a portion of this security is on loan. Securities on loan were valued at
$67,296,046.
(b)
Fair valued using significant unobservable inputs (see Notes for additional
information).
(c)
The rate shown is the annualized 7-day yield.
(d)
Security purchased with cash collateral received for securities on loan.
 
CVA —
Dutch Certificate
REIT —
Real Estate Investment Trust
RSP —
Risparmio (Savings Shares)
 
EUR —
Euro
KRW —
South Korean Won
 
  35
Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
The following is a summary of the inputs used to value the fund’s investments as of May 31, 2023:  
DESCRIPTION
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
TOTAL
Assets
Common Stocks1
$2,546,527,534
$—
$—
$2,546,527,534
Australia
230,899,067
—
196,433
*
231,095,500
Hong Kong
29,178,562
—
10,752
*
29,189,314
Republic of Korea
207,717,951
—
1,140,570
208,858,521
Singapore
33,074,906
—
995,644
*
34,070,550
Spain
63,131,612
—
0
*
63,131,612
United Kingdom
449,506,743
—
522,869
*
450,029,612
Preferred Stocks1
2,765,284
—
—
2,765,284
Rights1
Republic of Korea
—
—
17,510
17,510
Spain
—
—
25,358
25,358
Warrants1
Australia
—
—
78
78
Italy
—
—
85,820
85,820
Investment Companies1
2,867,048
—
—
2,867,048
Short-Term Investments1
72,264,900
—
—
72,264,900
Liabilities
Futures Contracts2
(700,936
)
—
—
(700,936
)
Total
$3,637,232,671
$—
$2,995,034
$3,640,227,705
 
*
Level 3 amount shown includes securities determined to have no value at May 31, 2023.
1
As categorized in the Portfolio Holdings.
2
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
Fund investments in mutual funds are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds, which could be Level 1, Level 2 or Level 3.
36  
Schwab Strategic Trust
Schwab Emerging Markets Equity ETF
Portfolio Holdings as of May 31, 2023 (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. You can also obtain this information at no cost by calling 1-866-414-6349 or by sending an email request to orders@mysummaryprospectus.com.  
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 97.9% OF NET ASSETS
 
Brazil 4.5%
Ambev S.A.
6,001,008
16,883,290
Atacadao S.A.
752,398
1,391,126
Auren Energia S.A.
509,803
1,401,438
B3 S.A. - Brasil Bolsa Balcao
8,295,070
21,572,138
Banco Bradesco S.A.
2,148,400
5,566,151
Banco BTG Pactual S.A.
1,550,609
7,962,088
Banco do Brasil S.A.
1,175,582
10,241,213
Banco Santander Brasil S.A.
500,741
2,796,070
BB Seguridade Participacoes S.A.
931,984
5,628,041
BRF S.A. *
1,071,787
1,701,249
Caixa Seguridade Participacoes S.A.
601,275
1,202,104
CCR S.A.
1,503,688
3,983,882
Centrais Eletricas Brasileiras S.A.
1,804,530
12,436,773
Cia de Saneamento Basico do Estado de
Sao Paulo SABESP
472,003
4,842,687
Cia Energetica de Minas Gerais
415,542
1,389,764
Cia Paranaense de Energia
583,934
757,009
Cielo S.A.
1,580,624
1,441,167
Companhia Siderurgica Nacional S.A.
847,537
2,010,499
Cosan S.A.
1,658,361
4,856,677
CPFL Energia S.A.
255,183
1,508,608
CSN Mineracao S.A.
700,306
601,602
Dexco S.A.
455,369
786,820
Diagnosticos da America S.A.
82,100
172,474
EDP - Energias do Brasil S.A.
349,550
1,569,662
Embraer S.A. *
1,032,718
3,834,963
Energisa S.A.
417,595
3,590,637
Eneva S.A. *
1,653,297
3,695,943
Engie Brasil Energia S.A.
231,040
1,895,900
Equatorial Energia S.A.
1,279,318
7,031,141
Equatorial Energia S.A., Interim
Shares *(a)
18,114
99,555
GPS Participacoes e Empreendimentos
S.A.
593,235
1,723,450
GRUPO DE MODA SOMA S.A.
598,127
1,208,656
Grupo Mateus S.A. *
544,139
774,473
Hapvida Participacoes e Investimentos
S.A. *
5,466,024
4,258,075
Hypera S.A.
540,327
4,306,243
Intelbras S.A. Industria de
Telecomunicacao Eletronica
Brasileira
159,645
785,150
Itau Unibanco Holding S.A.
721,733
3,152,183
JBS S.A.
1,819,739
5,968,804
Klabin S.A.
1,056,115
4,325,991
Localiza Rent a Car S.A.
1,068,216
12,938,972
Lojas Renner S.A.
1,357,913
5,156,565
M Dias Branco S.A.
170,742
1,286,424
Magazine Luiza S.A. *
4,384,833
3,253,161
Marfrig Alimentos S.A.
428,527
555,540
SECURITY
NUMBER
OF SHARES
VALUE ($)
Multiplan Empreendimentos Imobiliarios
S.A.
373,950
1,936,956
Natura & Co. Holding S.A. *
1,312,079
3,558,206
Neoenergia S.A.
301,080
947,580
Petroleo Brasileiro S.A.
5,086,788
29,009,758
Petroreconcavo S.A.
277,619
933,906
Porto Seguro S.A.
255,280
1,191,695
PRIO S.A. *
936,668
6,252,500
Raia Drogasil S.A.
1,535,613
8,493,707
Rede D'Or Sao Luiz S.A.
1,050,499
5,947,885
Rumo S.A.
1,714,098
6,967,633
Sao Martinho S.A.
228,798
1,615,733
Sendas Distribuidora S.A.
1,650,340
3,463,784
SLC Agricola S.A.
144,393
973,445
Smartfit Escola de Ginastica e Danca
S.A. *
148,573
552,591
Suzano S.A.
965,548
8,441,641
Telefonica Brasil S.A.
592,912
4,630,407
TIM S.A.
1,126,337
3,069,889
TOTVS S.A.
660,465
3,708,580
Transmissora Alianca de Energia Eletrica
S.A.
303,508
2,187,765
Ultrapar Participacoes S.A.
1,131,570
3,740,307
Usinas Siderurgicas de Minas Gerais
S.A. Usiminas
317,793
437,424
Vale S.A.
5,320,331
66,282,107
Vamos Locacao de Caminhoes
Maquinas e Equipamentos S.A.
389,947
979,835
Vibra Energia S.A.
1,498,664
4,707,922
WEG S.A.
2,039,439
14,975,556
 
367,551,170
 
Chile 0.5%
Banco de Chile
60,704,598
6,105,985
Banco de Credito e Inversiones S.A.
75,661
2,212,492
Banco Itau Chile S.A.
98,083
1,015,492
Banco Santander Chile
85,016,481
3,675,327
CAP S.A.
101,367
709,613
Cencosud S.A.
1,750,946
3,290,140
Cencosud Shopping S.A.
697,613
1,083,815
Cia Cervecerias Unidas S.A.
182,893
1,336,486
Cia Sud Americana de Vapores S.A.
24,105,680
1,763,292
Colbun S.A.
10,230,064
1,482,680
Empresas CMPC S.A.
1,657,546
2,819,458
Empresas Copec S.A.
684,193
4,915,693
Enel Americas S.A. *
25,948,678
3,328,376
Enel Chile S.A.
34,708,682
1,896,917
Falabella S.A.
1,075,009
2,356,680
Plaza S.A.
436,250
549,174
Quinenco S.A.
375,165
1,336,197
 
39,877,817
 
  37
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
China 32.4%
360 Security Technology, Inc., A Shares
720,700
1,410,896
37 Interactive Entertainment Network
Technology Group Co., Ltd., A Shares
168,800
773,195
3peak, Inc., A Shares (a)
10,330
329,030
3SBio, Inc.
2,129,273
2,154,229
Addsino Co., Ltd., A Shares
170,900
233,117
Advanced Micro-Fabrication Equipment,
Inc. China, A Shares *
60,112
1,462,266
AECC Aero-Engine Control Co., Ltd.,
A Shares
113,300
378,101
AECC Aviation Power Co., Ltd., A Shares
262,400
1,463,751
Agile Group Holdings Ltd. *(b)
2,526,470
387,285
Agricultural Bank of China Ltd., A Shares
9,006,800
4,449,176
Agricultural Bank of China Ltd.,
H Shares
42,505,169
16,017,660
Aier Eye Hospital Group Co., Ltd.,
A Shares
696,472
2,619,418
Air China Ltd., A Shares *
1,044,000
1,277,566
Air China Ltd., H Shares *
2,176,252
1,654,099
Akeso, Inc. *
682,223
3,041,495
Alibaba Group Holding Ltd. *
20,186,781
200,881,454
Alibaba Health Information Technology
Ltd. *
6,511,734
3,859,668
Alibaba Pictures Group Ltd. *
18,177,973
928,840
A-Living Smart City Services Co., Ltd.
1,102,015
686,978
All Winner Technology Co., Ltd.,
A Shares
54,900
247,234
Aluminum Corp. of China Ltd., A Shares
2,513,400
1,908,206
Aluminum Corp. of China Ltd., H Shares
3,667,719
1,621,091
Amlogic Shanghai Co., Ltd., A Shares *
40,017
504,130
Angang Steel Co., Ltd., H Shares
3,698,792
992,235
Angel Yeast Co., Ltd., A Shares
93,800
478,886
Angelalign Technology, Inc. *
59,191
548,943
Anhui Anke Biotechnology Group Co.,
Ltd., A Shares
148,500
209,648
Anhui Conch Cement Co., Ltd., A Shares
431,800
1,518,553
Anhui Conch Cement Co., Ltd., H Shares
1,570,448
4,172,748
Anhui Expressway Co., Ltd., H Shares *
845,144
863,686
Anhui Gujing Distillery Co., Ltd.,
A Shares
107,604
3,804,148
Anhui Kouzi Distillery Co., Ltd., A Shares
23,200
176,137
Anhui Yingjia Distillery Co., Ltd.,
A Shares
30,900
244,701
Anhui Zhongding Sealing Parts Co., Ltd.,
A Shares
113,200
191,267
Anjoy Foods Group Co., Ltd., A Shares
30,300
655,385
ANTA Sports Products Ltd.
1,717,372
17,539,538
Apeloa Pharmaceutical Co., Ltd.,
A Shares
120,600
313,948
Asymchem Laboratories Tianjin Co.,
Ltd., A Shares
21,280
393,598
Autobio Diagnostics Co., Ltd., A Shares
38,100
303,643
Autohome, Inc., ADR
82,941
2,373,771
Avary Holding Shenzhen Co., Ltd.,
A Shares
76,700
273,613
AVIC Industry-Finance Holdings Co.,
Ltd., A Shares
767,500
415,750
AviChina Industry & Technology Co.,
Ltd., H Shares
3,198,930
1,548,743
AVICOPTER plc, A Shares
57,300
314,250
BAIC Motor Corp., Ltd., H Shares
3,113,055
803,292
Baidu, Inc., A Shares *
3,078,635
46,956,730
Bank of Beijing Co., Ltd., A Shares
2,063,900
1,369,986
Bank of Changsha Co., Ltd., A Shares
386,300
434,776
Bank of Chengdu Co., Ltd., A Shares
147,900
260,897
Bank of China Ltd., A Shares
4,799,200
2,626,636
SECURITY
NUMBER
OF SHARES
VALUE ($)
Bank of China Ltd., H Shares
104,011,751
40,790,225
Bank of Communications Co., Ltd.,
A Shares
3,896,600
3,198,954
Bank of Communications Co., Ltd.,
H Shares
9,974,029
6,434,241
Bank of Guiyang Co., Ltd., A Shares
421,100
333,887
Bank of Hangzhou Co., Ltd., A Shares
577,400
940,752
Bank of Jiangsu Co., Ltd., A Shares *
567,900
591,347
Bank of Nanjing Co., Ltd., A Shares
1,018,900
1,206,814
Bank of Ningbo Co., Ltd., A Shares
639,660
2,208,262
Bank of Shanghai Co., Ltd., A Shares
1,394,170
1,207,167
Bank of Zhengzhou Co., Ltd., A Shares *
742,170
240,592
Baoshan Iron & Steel Co., Ltd., A Shares
1,820,932
1,502,579
BBMG Corp., A Shares
1,877,700
574,446
BeiGene Ltd. *
843,018
14,344,202
Beijing Capital Development Co., Ltd.,
A Shares
430,900
241,882
Beijing Capital Eco-Environment
Protection Group Co., Ltd.,
A Shares *
725,700
312,652
Beijing Capital International Airport Co.,
Ltd., H Shares *
2,558,996
1,784,833
Beijing Dabeinong Technology Group
Co., Ltd., A Shares
410,400
370,326
Beijing Easpring Material Technology
Co., Ltd., A Shares *
49,000
337,220
Beijing E-Hualu Information Technology
Co., Ltd., A Shares *
73,800
382,785
Beijing Enlight Media Co., Ltd., A Shares
270,800
334,804
Beijing Enterprises Holdings Ltd.
698,734
2,700,055
Beijing Enterprises Water Group Ltd.
5,671,507
1,391,025
Beijing Jetsen Technology Co., Ltd.,
A Shares *
603,400
525,005
Beijing Jingneng Clean Energy Co., Ltd.,
H Shares
2,363,582
555,551
Beijing Kingsoft Office Software, Inc.,
A Shares *
45,845
2,779,343
Beijing New Building Materials plc,
A Shares
164,100
523,449
Beijing Originwater Technology Co., Ltd.,
A Shares
363,177
283,883
Beijing Shiji Information Technology Co.,
Ltd., A Shares
194,600
532,257
Beijing Shougang Co., Ltd., A Shares
677,800
338,624
Beijing Shunxin Agriculture Co., Ltd.,
A Shares
70,600
305,057
Beijing Sinnet Technology Co., Ltd.,
A Shares *
230,100
382,004
Beijing Tongrentang Co., Ltd., A Shares
138,600
1,178,503
Beijing Ultrapower Software Co., Ltd.,
A Shares
329,500
627,483
Beijing United Information Technology
Co., Ltd., A Shares *
49,590
319,080
Beijing Wantai Biological Pharmacy
Enterprise Co., Ltd., A Shares *
32,679
426,499
Beijing Yanjing Brewery Co., Ltd.,
A Shares
313,000
507,772
Beijing Yuanliu Hongyuan Electronic
Technology Co., Ltd., A Shares
21,700
185,488
Beijing Zhong Ke San Huan High-Tech
Co., Ltd., A Shares
117,530
194,789
Bethel Automotive Safety Systems Co.,
Ltd., A Shares
39,100
388,542
Bilibili, Inc., Z Shares *
327,705
5,337,385
Bloomage Biotechnology Corp., Ltd.,
A Shares *
34,275
423,712
Blue Moon Group Holdings Ltd.
1,281,207
705,394
38  
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Bluefocus Intelligent Communications
Group Co., Ltd., A Shares
275,100
423,510
BOE Technology Group Co., Ltd.,
A Shares *
3,426,800
1,909,175
BOE Technology Group Co., Ltd.,
B Shares *
1,177,150
481,191
Bosideng International Holdings Ltd.
5,105,589
2,119,652
BTG Hotels Group Co., Ltd., A Shares
102,500
284,954
BYD Co., Ltd., A Shares
176,100
6,268,703
BYD Co., Ltd., H Shares
1,328,783
40,127,014
BYD Electronic International Co., Ltd.
1,062,709
3,095,170
By-health Co., Ltd., A Shares
168,000
536,125
C&D International Investment Group
Ltd. *(b)
994,651
2,500,525
C&S Paper Co., Ltd., A Shares
151,300
248,423
Caitong Securities Co., Ltd., A Shares
660,060
692,869
Canmax Technologies Co., Ltd.,
A Shares
73,320
344,282
CanSino Biologics, Inc., H Shares
142,505
529,735
CECEP Solar Energy Co., Ltd., A Shares
359,100
352,256
CECEP Wind-Power Corp., A Shares *
631,020
340,934
Central China Securities Co., Ltd.,
A Shares
707,500
373,319
CGN Power Co., Ltd., H Shares
16,323,060
3,920,078
Changchun High & New Technology
Industry Group, Inc., A Shares
41,300
923,857
Changjiang Securities Co., Ltd.,
A Shares
533,300
449,793
Changzhou Xingyu Automotive Lighting
Systems Co., Ltd., A Shares *
26,400
392,603
Chaozhou Three-Circle Group Co., Ltd.,
A Shares
176,408
746,401
Chengdu Xingrong Environment Co.,
Ltd., A Shares
283,400
221,127
Chengxin Lithium Group Co., Ltd.,
A Shares
81,300
344,787
China Baoan Group Co., Ltd., A Shares
261,200
443,165
China Bohai Bank Co., Ltd., Class H *
4,211,271
613,272
China Cinda Asset Management Co.,
Ltd., H Shares
12,095,794
1,344,278
China CITIC Bank Corp., Ltd., A Shares
469,000
424,521
China CITIC Bank Corp., Ltd., H Shares
13,711,085
7,216,130
China Coal Energy Co., Ltd., A Shares
1,260,400
1,443,328
China Coal Energy Co., Ltd., H Shares
1,869,320
1,413,646
China Communications Services Corp.,
Ltd., H Shares
3,341,643
1,587,955
China Conch Venture Holdings Ltd.
2,044,014
2,569,297
China Construction Bank Corp.,
A Shares
1,429,800
1,284,167
China Construction Bank Corp.,
H Shares
127,347,032
81,500,799
China CSSC Holdings Ltd., A Shares
439,800
1,778,753
China East Education Holdings Ltd.
535,634
220,323
China Eastern Airlines Corp., Ltd.,
A Shares *
1,592,000
1,043,341
China Eastern Airlines Corp., Ltd.,
H Shares *
1,885,022
635,705
China Energy Engineering Corp., Ltd.
3,119,008
1,050,495
China Energy Engineering Corp., Ltd.,
H Shares
6,175,541
812,545
China Everbright Bank Co., Ltd.,
A Shares
4,186,600
1,850,710
China Everbright Bank Co., Ltd.,
H Shares *
4,977,359
1,532,327
China Everbright Environment Group
Ltd.
5,074,470
1,983,570
China Everbright Ltd.
1,207,325
772,676
China Evergrande Group *(a)
5,098,336
0
SECURITY
NUMBER
OF SHARES
VALUE ($)
China Feihe Ltd.
5,614,440
3,263,271
China Galaxy Securities Co., Ltd.,
H Shares
6,072,046
3,273,277
China Gas Holdings Ltd.
4,042,118
4,585,189
China Great Wall Securities Co., Ltd.,
A Shares *
426,400
505,639
China Greatwall Technology Group Co.,
Ltd., A Shares
301,900
510,101
China Hongqiao Group Ltd.
3,166,216
2,248,799
China Huarong Asset Management Co.,
Ltd., H Shares *
22,011,130
1,068,467
China International Capital Corp., Ltd.,
A Shares
88,600
517,863
China International Capital Corp., Ltd.,
H Shares
2,035,695
3,723,840
China International Marine Containers
Group Co., Ltd., H Shares
1,253,805
752,771
China Jinmao Holdings Group Ltd.
9,073,910
1,298,219
China Jushi Co., Ltd., A Shares
391,677
749,187
China Lesso Group Holdings Ltd.
1,272,106
840,135
China Life Insurance Co., Ltd., H Shares
10,240,408
17,293,545
China Literature Ltd. *
559,697
2,116,314
China Longyuan Power Group Corp.,
Ltd., H Shares
4,610,021
5,170,502
China Medical System Holdings Ltd.
1,707,489
2,399,308
China Meheco Co., Ltd., A Shares
150,240
290,958
China Meidong Auto Holdings Ltd.
715,801
921,697
China Mengniu Dairy Co., Ltd. *
4,236,861
16,453,304
China Merchants Bank Co., Ltd.,
A Shares
2,071,000
9,387,479
China Merchants Bank Co., Ltd.,
H Shares
5,103,074
23,728,406
China Merchants Energy Shipping Co.,
Ltd., A Shares
811,600
650,346
China Merchants Expressway Network &
Technology Holdings Co. Ltd,
A Shares
195,100
257,914
China Merchants Port Holdings Co., Ltd.
2,047,561
2,971,327
China Merchants Securities Co., Ltd.,
A Shares
682,580
1,332,438
China Merchants Securities Co., Ltd.,
H Shares
710,216
674,992
China Merchants Shekou Industrial Zone
Holdings Co., Ltd., A Shares
665,200
1,183,690
China Minmetals Rare Earth Co., Ltd.,
A Shares *
93,300
408,510
China Minsheng Banking Corp., Ltd.,
A Shares
3,898,300
2,166,391
China Minsheng Banking Corp., Ltd.,
H Shares
8,666,865
3,432,093
China National Accord Medicines Corp.,
Ltd., B Shares
245,345
633,401
China National Building Material Co.,
Ltd., H Shares
6,298,234
3,564,165
China National Chemical Engineering
Co., Ltd., A Shares
589,200
706,961
China National Nuclear Power Co., Ltd.,
A Shares
1,614,400
1,594,961
China National Software & Service Co.,
Ltd., A Shares
61,900
527,546
China Northern Rare Earth Group
High-Tech Co., Ltd., A Shares
343,200
1,149,169
China Oilfield Services Ltd., A Shares
263,029
521,200
China Oilfield Services Ltd., H Shares
2,306,213
2,350,919
China Overseas Land & Investment Ltd.
5,259,181
10,668,514
China Pacific Insurance Group Co., Ltd.,
A Shares
566,700
2,214,852
  39
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
China Pacific Insurance Group Co., Ltd.,
H Shares
3,703,396
9,367,003
China Petroleum & Chemical Corp.,
A Shares
4,385,400
3,914,107
China Petroleum & Chemical Corp.,
H Shares
32,874,063
20,703,111
China Power International Development
Ltd.
7,023,744
2,673,747
China Railway Group Ltd., A Shares
2,070,400
2,292,438
China Railway Group Ltd., H Shares
5,448,213
3,591,196
China Railway Signal & Communication
Corp., Ltd., A Shares
771,578
645,346
China Railway Signal & Communication
Corp., Ltd., H Shares
3,192,969
1,305,209
China Reinsurance Group Corp.,
H Shares
9,624,557
663,911
China Resources Beer Holdings Co., Ltd.
2,164,193
13,657,092
China Resources Boya
Bio-pharmaceutical Group Co., Ltd.,
A Shares
58,000
301,566
China Resources Cement Holdings Ltd.
2,971,881
1,081,961
China Resources Double Crane
Pharmaceutical Co., Ltd., A Shares
108,140
283,333
China Resources Gas Group Ltd.
1,219,381
4,010,994
China Resources Land Ltd.
3,787,110
14,174,601
China Resources Microelectronics Ltd.,
A Shares
93,908
783,863
China Resources Mixc Lifestyle Services
Ltd.
800,515
3,645,561
China Resources Pharmaceutical Group
Ltd.
2,440,798
2,341,570
China Resources Power Holdings Co.,
Ltd.
2,586,152
5,972,935
China Resources Sanjiu Medical &
Pharmaceutical Co., Ltd., A Shares
100,500
921,252
China Ruyi Holdings Ltd. *
5,994,583
1,340,085
China Shenhua Energy Co., Ltd.,
A Shares
947,670
3,754,347
China Shenhua Energy Co., Ltd.,
H Shares
4,346,868
13,743,172
China South Publishing & Media Group
Co., Ltd., A Shares
175,200
332,412
China Southern Airlines Co., Ltd.,
A Shares *
1,682,500
1,480,434
China Southern Airlines Co., Ltd.,
H Shares *
1,624,384
935,838
China Southern Power Grid Energy
Efficiency&Clean Energy Co., Ltd.,
A Shares
262,500
225,817
China State Construction Engineering
Corp., Ltd., A Shares
4,106,200
3,399,840
China State Construction International
Holdings Ltd.
2,404,605
2,718,456
China Suntien Green Energy Corp., Ltd.,
H Shares
2,564,724
969,768
China Taiping Insurance Holdings Co.,
Ltd.
2,023,646
2,109,405
China Three Gorges Renewables Group
Co., Ltd., A Shares
2,403,500
1,831,514
China Tourism Group Duty Free Corp.,
Ltd., A Shares
192,200
3,320,304
China Tourism Group Duty Free Corp.,
Ltd., Class H *
99,308
1,580,657
China Tower Corp., Ltd., H Shares
64,629,607
7,100,113
China Traditional Chinese Medicine
Holdings Co., Ltd.
3,305,720
1,591,999
SECURITY
NUMBER
OF SHARES
VALUE ($)
China United Network Communications
Ltd., A Shares
2,675,100
1,847,020
China Vanke Co., Ltd., A Shares
958,900
1,916,239
China Vanke Co., Ltd., H Shares
3,047,765
4,025,662
China Yangtze Power Co., Ltd., A Shares
2,159,500
6,821,739
China Zhenhua Group Science &
Technology Co., Ltd., A Shares
51,400
665,059
China Zheshang Bank Co., Ltd.,
A Shares
841,300
338,844
Chinese Universe Publishing and Media
Group Co., Ltd., A Shares
121,000
272,198
Chongqing Brewery Co., Ltd., A Shares
45,800
573,384
Chongqing Changan Automobile Co.,
Ltd., A Shares
829,864
1,391,686
Chongqing Changan Automobile Co.,
Ltd., B Shares
2,056,198
900,937
Chongqing Fuling Zhacai Group Co.,
Ltd., A Shares *
85,200
281,338
Chongqing Rural Commercial Bank Co.,
Ltd., H Shares
4,447,496
1,533,962
Chongqing Zhifei Biological Products
Co., Ltd., A Shares
157,800
1,556,564
CIFI Holdings Group Co., Ltd. (a)(b)
7,913,504
614,621
CITIC Ltd.
6,738,087
7,781,089
Citic Pacific Special Steel Group Co.,
Ltd., A Shares
506,810
1,073,250
CITIC Securities Co., Ltd., A Shares
1,188,780
3,344,893
CITIC Securities Co., Ltd., H Shares
3,061,619
5,639,644
CMOC Group Ltd., A Shares
885,900
651,452
CMOC Group Ltd., H Shares
5,388,388
2,815,253
CNGR Advanced Material Co., Ltd.,
A Shares *
94,700
765,090
CNOOC Energy Technology & Services
Ltd., A Shares
744,700
344,875
CNPC Capital Co., Ltd., A Shares
396,100
435,244
Contemporary Amperex Technology Co.,
Ltd., A Shares
420,000
13,035,926
COSCO Shipping Development Co., Ltd.,
A Shares
1,217,800
427,250
COSCO Shipping Development Co., Ltd.,
H Shares
4,107,306
503,690
COSCO Shipping Energy Transportation
Co., Ltd., H Shares *
876,722
740,285
COSCO SHIPPING Energy
Transportation Co., Ltd., A Shares *
913,500
1,434,515
COSCO Shipping Holdings Co., Ltd.,
A Shares
1,357,621
1,989,049
COSCO SHIPPING Holdings Co., Ltd.,
H Shares
4,259,196
3,754,154
COSCO Shipping Ports Ltd.
2,019,594
1,271,880
Country Garden Holdings Co., Ltd. (b)
17,873,618
3,287,837
Country Garden Services Holdings Co.,
Ltd.
2,850,221
3,316,899
CRRC Corp., Ltd., A Shares
2,577,000
2,545,971
CRRC Corp., Ltd., H Shares
5,214,978
3,230,945
CSC Financial Co., Ltd., A Shares
504,000
1,795,807
CSC Financial Co., Ltd., H Shares
1,214,240
1,330,844
CSG Holding Co., Ltd., A Shares
462,446
395,874
CSG Holding Co., Ltd., B Shares
825,185
282,502
CSPC Pharmaceutical Group Ltd.
11,493,430
10,013,118
Daan Gene Co., Ltd., A Shares *
140,160
240,753
Dada Nexus Ltd., ADR *
103,735
483,405
Dali Foods Group Co., Ltd.
2,907,073
969,241
Daqin Railway Co., Ltd., A Shares
1,432,800
1,536,191
Daqo New Energy Corp., ADR *
75,466
2,713,003
Datang International Power Generation
Co., Ltd., H Shares *
5,512,820
1,126,754
DHC Software Co., Ltd., A Shares
362,400
374,819
40  
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Dian Diagnostics Group Co., Ltd.,
A Shares
69,500
249,197
Do-Fluoride New Materials Co., Ltd.,
A Shares
98,280
275,843
Dong-E-E-Jiao Co., Ltd., A Shares
58,500
405,308
Dongfang Electric Corp., Ltd., A Shares
268,900
679,250
Dongfang Electric Corp., Ltd., H Shares
459,656
605,966
Dongfeng Motor Group Co., Ltd.,
H Shares
3,936,232
1,704,573
Dongguan Yiheda Automation Co., Ltd.,
Class A
88,200
532,978
Dongxing Securities Co., Ltd., A Shares
284,900
327,448
East Buy Holding Ltd. *(b)
383,210
1,422,061
East Money Information Co., Ltd.,
A Shares
1,555,102
3,059,661
Eastern Air Logistics Co., Ltd., A Shares
146,200
276,569
Eastroc Beverage Group Co., Ltd.,
A Shares *
16,000
356,092
Ecovacs Robotics Co., Ltd., A Shares
51,200
497,500
ENN Ecological Holdings Co., Ltd.,
A Shares
247,475
672,362
ENN Energy Holdings Ltd.
1,045,871
12,157,795
Eternal Asia Supply Chain Management
Ltd., A Shares
239,100
169,113
Eve Energy Co., Ltd., A Shares
220,536
1,980,733
Everbright Securities Co., Ltd., A Shares
476,500
1,059,216
Fangda Carbon New Material Co., Ltd.,
A Shares *
358,180
317,676
Far East Horizon Ltd.
1,932,702
1,619,586
FAW Jiefang Group Co., Ltd., A Shares
236,400
268,719
Fiberhome Telecommunication
Technologies Co., Ltd., A Shares
98,800
271,063
First Capital Securities Co., Ltd.,
A Shares
436,800
359,821
Flat Glass Group Co., Ltd., A Shares
71,500
323,896
Flat Glass Group Co., Ltd., H Shares
590,001
1,658,100
Focus Media Information Technology
Co., Ltd., A Shares
1,405,500
1,266,287
Foshan Haitian Flavouring & Food Co.,
Ltd., A Shares *
394,254
3,347,325
Fosun International Ltd.
3,037,219
2,001,986
Foxconn Industrial Internet Co., Ltd.,
A Shares
1,219,900
3,090,066
Fujian Funeng Co., Ltd., A Shares
417,800
739,350
Fujian Sunner Development Co., Ltd.,
A Shares
120,900
321,006
Full Truck Alliance Co., Ltd., ADR *
858,877
4,990,075
Fuyao Glass Industry Group Co., Ltd.,
A Shares
160,200
729,306
Fuyao Glass Industry Group Co., Ltd.,
H Shares
951,543
3,464,245
Ganfeng Lithium Co., Ltd., A Shares
186,620
1,623,739
Ganfeng Lithium Co., Ltd., H Shares
456,663
2,890,512
G-bits Network Technology Xiamen Co.,
Ltd., A Shares
6,200
487,130
GCL System Integration Technology Co.,
Ltd., A Shares *
571,000
233,984
GCL-Poly Energy Holdings Ltd *
28,553,732
6,200,791
GD Power Development Co., Ltd.,
A Shares *
1,689,900
967,581
GDS Holdings Ltd., A shares *
1,275,924
1,574,480
Geely Automobile Holdings Ltd.
7,409,575
8,622,774
GEM Co., Ltd., A Shares
508,800
476,255
Gemdale Corp., A Shares
444,900
452,654
Genscript Biotech Corp. *
1,338,805
2,962,106
GF Securities Co., Ltd., A Shares
715,500
1,496,106
GF Securities Co., Ltd., H Shares
1,345,602
1,870,169
SECURITY
NUMBER
OF SHARES
VALUE ($)
Gigadevice Semiconductor Beijing, Inc.,
A Shares
64,484
1,002,670
Ginlong Technologies Co., Ltd.,
A Shares *
37,350
523,156
Glarun Technology Co., Ltd., A Shares
112,900
258,096
GoerTek, Inc., A Shares
321,300
828,748
Goke Microelectronics Co., Ltd.,
A Shares
17,300
234,185
GoodWe Technologies Co., Ltd.,
A Shares
9,632
315,272
Gotion High-tech Co., Ltd., A Shares
154,200
575,832
Grandjoy Holdings Group Co., Ltd.,
A Shares *
372,472
190,266
Great Wall Motor Co., Ltd., A Shares *
244,600
775,424
Great Wall Motor Co., Ltd.,
H Shares *(b)
3,555,658
3,651,837
Gree Electric Appliances, Inc. of Zhuhai,
Class A
252,000
1,166,320
Greentown China Holdings Ltd.
1,185,465
1,113,042
GRG Banking Equipment Co., Ltd.,
A Shares
247,500
433,467
Guangdong Electric Power Development
Co., Ltd., B Shares *
1,455,414
435,049
Guangdong Haid Group Co., Ltd.,
A Shares
162,600
1,055,127
Guangdong HEC Technology Holding
Co., Ltd., A Shares
282,500
285,838
Guangdong Investment Ltd.
4,092,376
3,486,877
Guangdong Kinlong Hardware Products
Co., Ltd., A Shares
21,800
193,562
Guangdong Xinbao Electrical Appliances
Holdings Co., Ltd., A Shares
74,500
171,880
Guanghui Energy Co., Ltd., A Shares
635,700
647,672
Guangshen Railway Co., Ltd., H Shares *
3,326,904
930,721
Guangxi Guiguan Electric Power Co.,
Ltd., A Shares
356,400
291,590
Guangzhou Automobile Group Co., Ltd.,
A Shares
350,060
500,591
Guangzhou Automobile Group Co., Ltd.,
H Shares
4,734,078
2,715,295
Guangzhou Baiyunshan Pharmaceutical
Holdings Co., Ltd., A Shares
168,000
846,389
Guangzhou Baiyunshan Pharmaceutical
Holdings Co., Ltd., H Shares
258,842
867,959
Guangzhou Great Power Energy &
Technology Co., Ltd., Class A
59,800
393,503
Guangzhou Haige Communications
Group, Inc. Co., A Shares
271,400
382,012
Guangzhou Kingmed Diagnostics Group
Co., Ltd., A Shares
45,900
445,293
Guangzhou Shiyuan Electronic
Technology Co., Ltd., A Shares *
24,300
211,599
Guangzhou Tinci Materials Technology
Co., Ltd., A Shares
187,780
1,077,539
Guangzhou Wondfo Biotech Co., Ltd.,
A Shares
71,800
303,088
Guangzhou Yuexiu Financial Holdings
Group Co., Ltd., A Shares
280,118
265,738
Guangzhou Zhujiang Brewery Co., Ltd.,
A Shares
214,300
259,537
Guizhou Panjiang Refined Coal Co., Ltd.,
A Shares
257,100
243,180
Guolian Securities Co., Ltd., A Shares
221,900
298,947
Guosen Securities Co., Ltd., A Shares
495,000
639,781
Guosheng Financial Holding, Inc.,
A Shares *
194,100
219,274
  41
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Guotai Junan Securities Co., Ltd.,
A Shares
636,100
1,321,154
Guotai Junan Securities Co., Ltd.,
H Shares
1,249,794
1,539,043
Guoyuan Securities Co., Ltd., A Shares
420,400
395,279
H World Group Ltd., ADR *
290,749
10,647,228
Haidilao International Holding Ltd. *
2,074,435
4,367,092
Haier Smart Home Co., Ltd., A Shares
598,800
1,805,022
Haier Smart Home Co., Ltd., H Shares
3,216,872
9,225,405
Haisco Pharmaceutical Group Co., Ltd.,
A Shares
50,600
176,033
Haitian International Holdings Ltd.
780,105
1,771,822
Haitong Securities Co., Ltd., A Shares
934,600
1,234,189
Haitong Securities Co., Ltd., H Shares
4,666,900
3,100,039
Hang Zhou Great Star Industrial Co.,
Ltd., A Shares *
106,000
257,198
Hangzhou Binjiang Real Estate Group
Co., Ltd., A Shares
279,900
331,129
Hangzhou Chang Chuan Technology Co.,
Ltd., A Shares
59,500
421,755
Hangzhou First Applied Material Co.,
Ltd., A Shares
95,922
412,452
Hangzhou Lion Electronics Co., Ltd.,
A Shares *
61,656
352,503
Hangzhou Oxygen Plant Group Co., Ltd.,
A Shares
68,200
341,967
Hangzhou Robam Appliances Co., Ltd.,
A Shares
97,000
317,988
Hangzhou Silan Microelectronics Co.,
Ltd., A Shares
132,600
594,540
Hangzhou Tigermed Consulting Co.,
Ltd., A Shares
64,700
733,638
Hangzhou Tigermed Consulting Co.,
Ltd., H Shares
186,437
1,397,995
Han's Laser Technology Industry Group
Co., Ltd., A Shares
68,000
230,554
Hansoh Pharmaceutical Group Co., Ltd.
1,309,460
2,167,867
Haohua Chemical Science & Technology
Co., Ltd., A Shares
79,400
434,339
Harbin Boshi Automation Co., Ltd.,
A Shares
97,500
219,060
Hefei Meiya Optoelectronic Technology,
Inc., A Shares
84,110
292,847
Heilongjiang Agriculture Co., Ltd.,
A Shares
183,100
343,547
Henan Shenhuo Coal & Power Co., Ltd.,
Class A
332,700
596,692
Henan Shuanghui Investment &
Development Co., Ltd., A Shares
317,300
1,094,506
Hengan International Group Co., Ltd.
968,759
4,120,931
Hengdian Group DMEGC Magnetics Co.,
Ltd., A Shares
151,500
385,245
Hengli Petrochemical Co., Ltd., A Shares
353,400
783,096
Hengtong Optic-electric Co. Ltd,
A Shares
235,300
477,482
Hengyi Petrochemical Co., Ltd..,
A Shares
302,900
284,800
Hesteel Co., Ltd., A Shares
982,200
315,647
Hithink RoyalFlush Information Network
Co., Ltd., A Shares
60,200
1,358,804
Hongfa Technology Co., Ltd., A Shares
56,340
239,408
Hopson Development Holdings Ltd.
1,090,888
923,909
Hoshine Silicon Industry Co., Ltd.,
A Shares
57,100
539,765
Hoyuan Green Energy Co., Ltd.,
A Shares
34,720
376,298
Hua Hong Semiconductor Ltd. *
576,048
1,865,400
SECURITY
NUMBER
OF SHARES
VALUE ($)
Huadian Power International Corp., Ltd.,
A Shares
1,777,152
1,778,199
Huadong Medicine Co., Ltd., A Shares
176,500
964,511
Huafon Chemical Co., Ltd., A Shares
394,900
372,411
Huagong Tech Co., Ltd., A Shares
84,800
412,826
Huaibei Mining Holdings Co., Ltd.,
A Shares
208,500
383,012
Hualan Biological Engineering, Inc.,
A Shares
171,980
543,758
Huaneng Lancang River Hydropower,
Inc., A Shares
697,900
734,549
Huaneng Power International, Inc.,
A Shares *
639,500
913,597
Huaneng Power International, Inc.,
H Shares *
5,826,248
3,743,624
Huatai Securities Co., Ltd., A Shares
596,900
1,133,354
Huatai Securities Co., Ltd., H Shares
2,411,189
3,015,430
Huaxi Securities Co., Ltd., A Shares
165,400
192,655
Huaxia Bank Co., Ltd., A Shares
1,578,200
1,280,136
Huaxin Cement Co., Ltd., A Shares
128,926
229,960
Huaxin Cement Co., Ltd., H Shares
765,024
621,538
Huayu Automotive Systems Co., Ltd.,
A Shares
295,100
723,069
Hubei Energy Group Co., Ltd., A Shares
602,700
401,755
Hubei Xingfa Chemicals Group Co., Ltd.,
A Shares
108,000
324,191
Huizhou Desay Sv Automotive Co., Ltd.,
A Shares
46,700
743,643
Humanwell Healthcare Group Co., Ltd.,
A Shares
151,600
558,676
Hunan Changyuan Lico Co., Ltd.,
Class A *
346,117
555,182
Hunan Gold Corp., Ltd., A Shares
110,600
214,501
Hunan Valin Steel Co., Ltd., A Shares
585,200
399,123
Hundsun Technologies, Inc., A Shares
185,694
1,107,003
Hygeia Healthcare Holdings Co., Ltd.,
Class C *
465,680
2,739,382
Iflytek Co., Ltd., A Shares
227,700
1,909,270
Imeik Technology Development Co., Ltd.,
A Shares
15,900
1,005,437
Industrial & Commercial Bank of China
Ltd., A Shares
7,495,000
5,080,251
Industrial & Commercial Bank of China
Ltd., H Shares
108,087,884
57,853,062
Industrial Bank Co., Ltd., A Shares
2,013,900
4,680,202
Industrial Securities Co., Ltd., A Shares
853,260
732,823
Ingenic Semiconductor Co., Ltd.,
A Shares
35,000
463,765
Inner Mongolia BaoTou Steel Union Co.,
Ltd., A Shares
3,679,200
944,867
Inner Mongolia Dian Tou Energy Corp.,
Ltd., A Shares
201,900
375,988
Inner Mongolia ERDOS Resources Co.,
Ltd., B Shares
638,800
1,103,846
Inner Mongolia Junzheng Energy &
Chemical Industry Group Co., Ltd.,
A Shares
815,100
502,160
Inner Mongolia Yili Industrial Group Co.,
Ltd., A Shares
620,700
2,509,524
Inner Mongolia Yuan Xing Energy Co.,
Ltd., A Shares
326,900
305,531
Innovent Biologics, Inc. *
1,890,553
8,863,194
Inspur Electronic Information Industry
Co., Ltd., A Shares *
82,228
514,199
Intco Medical Technology Co., Ltd.,
A Shares
60,450
193,758
iQIYI, Inc., ADR *
602,291
2,445,301
42  
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
iRay Technology Co., Ltd., A Shares
7,000
275,725
JA Solar Technology Co., Ltd., A Shares
316,736
1,600,171
Jafron Biomedical Co., Ltd., A Shares
68,050
263,861
Jason Furniture Hangzhou Co., Ltd.,
A Shares
75,010
371,587
JCET Group Co., Ltd., A Shares
182,000
796,879
JD Health International, Inc. *
1,437,277
8,858,763
JD Logistics, Inc. *
2,313,940
3,700,767
JD.com, Inc., A Shares
3,246,228
52,208,361
Jiangsu Cnano Technology Co., Ltd.,
A Shares
25,274
158,863
Jiangsu Eastern Shenghong Co., Ltd.,
A Shares
400,000
653,400
Jiangsu Expressway Co., Ltd., A Shares
430,100
576,420
Jiangsu Expressway Co., Ltd., H Shares
1,370,072
1,324,874
Jiangsu Hengli Hydraulic Co., Ltd.,
A Shares
110,784
848,238
Jiangsu Hengrui Medicine Co., Ltd.,
A Shares
604,544
3,864,405
Jiangsu King's Luck Brewery JSC Ltd.,
A Shares
118,000
922,201
Jiangsu Linyang Energy Co., Ltd.,
A Shares
188,800
205,868
Jiangsu Pacific Quartz Co., Ltd., Class A
40,100
640,346
Jiangsu Phoenix Publishing & Media
Corp., Ltd., Class A
364,100
678,044
Jiangsu Yanghe Brewery Joint-Stock
Co., Ltd., A Shares
147,300
2,774,924
Jiangsu Yangnong Chemical Co., Ltd.,
A Shares
34,000
395,978
Jiangsu Yoke Technology Co., Ltd.,
A Shares
41,800
429,568
Jiangsu Yuyue Medical Equipment &
Supply Co., Ltd., A Shares
93,500
438,384
Jiangsu Zhongtian Technology Co., Ltd.,
A Shares
311,600
635,811
Jiangxi Copper Co., Ltd., A Shares
365,800
949,690
Jiangxi Copper Co., Ltd., H Shares
1,345,410
2,024,581
Jiangxi Special Electric Motor Co., Ltd.,
A Shares *
161,500
263,810
Jilin Aodong Pharmaceutical Group Co.,
Ltd., A Shares
105,100
249,852
Jinke Smart Services Group Co., Ltd.,
H Shares
333,472
459,212
Jinxin Fertility Group Ltd.
2,290,841
1,185,183
JiuGui Liquor Co., Ltd., A Shares
31,000
412,025
Jiumaojiu International Holdings Ltd.
858,820
1,470,084
Jizhong Energy Resources Co., Ltd.,
A Shares
326,700
333,311
Joincare Pharmaceutical Group Industry
Co., Ltd., A Shares
175,700
338,539
Joinn Laboratories China Co., Ltd.,
A Shares
39,480
250,538
Joinn Laboratories China Co., Ltd.,
H Shares (b)
110,303
398,758
Jointown Pharmaceutical Group Co.,
Ltd., A Shares
211,800
482,107
Jonjee Hi-Tech Industrial & Commercial
Holding Co., Ltd., A Shares
78,800
401,973
Joyoung Co., Ltd., A Shares
130,900
263,791
JOYY, Inc., ADR
62,251
1,543,825
Juneyao Airlines Co., Ltd., A Shares *
250,400
551,697
Kaishan Group Co., Ltd., A Shares *
90,100
186,755
Kanzhun Ltd., ADR *
187,284
2,597,629
KE Holdings, Inc., ADR *
878,306
12,507,077
Keda Industrial Group Co., Ltd.
180,000
268,012
Kingboard Holdings Ltd.
1,000,807
2,697,541
Kingboard Laminates Holdings Ltd.
1,448,615
1,324,956
SECURITY
NUMBER
OF SHARES
VALUE ($)
Kingdee International Software Group
Co., Ltd. *
3,518,419
4,674,296
Kingsoft Cloud Holdings Ltd., ADR *(b)
138,397
617,251
Kingsoft Corp., Ltd. *
1,184,644
4,305,320
Kuaishou Technology *
2,685,367
18,180,877
Kuang-Chi Technologies Co., Ltd.,
A Shares
192,000
427,876
Kunlun Energy Co., Ltd. *
5,310,613
4,233,159
Kunlun Tech Co., Ltd., A Shares
145,700
1,173,034
Kweichow Moutai Co., Ltd., A Shares
122,100
27,911,068
Lakala Payment Co., Ltd., A Shares *
85,300
205,894
Lao Feng Xiang Co., Ltd., A Shares
152,658
1,350,523
Laobaixing Pharmacy Chain JSC,
A Shares
48,230
220,919
LB Group Co., Ltd., A Shares
238,500
525,143
Lee & Man Paper Manufacturing Ltd.
2,059,159
697,061
Legend Holdings Corp., H Shares
717,985
693,382
Lens Technology Co., Ltd., A Shares
472,800
771,656
Leo Group Co., Ltd, A shares *
1,178,600
382,072
Lepu Medical Technology Beijing Co.,
Ltd., A Shares
180,000
623,930
Levima Advanced Materials Corp.,
A Shares
70,900
243,769
Li Auto, Inc., Class A *
1,441,054
20,819,878
Li Ning Co., Ltd.
3,114,374
16,709,189
Liaoning Port Co., Ltd., A Shares
1,555,900
342,805
Lingyi iTech Guangdong Co., A Shares *
671,200
593,415
Livzon Pharmaceutical Group, Inc.,
A Shares
93,300
512,994
Livzon Pharmaceutical Group, Inc.,
H Shares
231,105
823,662
Longfor Group Holdings Ltd.
2,629,030
5,057,732
LONGi Green Energy Technology Co.,
Ltd., A Shares
729,048
2,948,604
Longshine Technology Group Co., Ltd.,
A Shares
105,200
299,842
Lufax Holding Ltd., ADR
936,172
1,198,300
Luoyang Xinqianglian Slewing Bearing
Co., Ltd., A Shares
45,500
233,125
Luxi Chemical Group Co., Ltd., A Shares
282,100
418,847
Luxshare Precision Industry Co., Ltd.,
A Shares
692,317
2,652,369
Luye Pharma Group Ltd. *
2,416,889
1,077,500
Luzhou Laojiao Co., Ltd., A Shares
144,000
4,123,091
Maanshan Iron & Steel Co., Ltd.,
A Shares
1,115,600
421,141
Mango Excellent Media Co., Ltd.,
A Shares
200,170
821,939
Maxscend Microelectronics Co., Ltd.,
A Shares
45,248
562,854
Meihua Holdings Group Co., Ltd.,
Class A
667,400
837,317
Meinian Onehealth Healthcare Holdings
Co., Ltd., A Shares *
364,100
325,993
Meituan, B Shares *
6,460,117
90,940,490
Metallurgical Corp. of China Ltd.,
A Shares
1,378,400
779,555
Metallurgical Corp. of China Ltd.,
H Shares
3,941,379
966,684
Microport Scientific Corp. *
1,301,560
2,241,245
Ming Yang Smart Energy Group Ltd.,
A Shares
228,700
563,903
Ming Yuan Cloud Group Holdings Ltd.
737,162
315,459
MINISO Group Holding Ltd., ADR
122,109
1,856,057
Minth Group Ltd.
985,096
2,463,920
Montage Technology Co., Ltd., A Shares
108,000
966,965
Muyuan Foods Co., Ltd., A Shares
517,386
2,907,927
Nanjing Iron & Steel Co., Ltd., A Shares
562,700
267,697
  43
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Nanjing King-Friend Biochemical
Pharmaceutical Co., Ltd., A Shares
93,080
176,865
NARI Technology Co., Ltd., A Shares
641,164
2,468,992
NAURA Technology Group Co., Ltd.,
A Shares
51,400
2,188,853
NavInfo Co., Ltd., A Shares
279,800
460,195
NetEase, Inc.
2,520,479
42,693,516
New China Life Insurance Co., Ltd.,
A Shares
174,000
898,350
New China Life Insurance Co., Ltd.,
H Shares
1,431,234
3,702,295
New Hope Liuhe Co., Ltd., A Shares *
435,200
688,302
New Oriental Education & Technology
Group, Inc. *
1,860,024
7,104,361
Newland Digital Technology Co., Ltd.,
A Shares
108,600
283,471
Nine Dragons Paper Holdings Ltd.
2,193,024
1,215,818
Ninestar Corp., A Shares
136,400
748,632
Ningbo Deye Technology Co., Ltd.,
A Shares
37,044
704,095
Ningbo Joyson Electronic Corp.,
A Shares
130,600
290,495
Ningbo Orient Wires & Cables Co., Ltd.,
A Shares
65,200
448,343
Ningbo Ronbay New Energy Technology
Co., Ltd., A Shares
42,068
339,812
Ningbo Sanxing Medical Electric Co.,
Ltd., A Shares
109,200
196,308
Ningbo Shanshan Co., Ltd., A Shares *
232,900
482,417
Ningbo Tuopu Group Co., Ltd., A Shares
91,900
749,691
Ningbo Zhoushan Port Co., Ltd.,
A Shares *
774,400
383,625
Ningxia Baofeng Energy Group Co., Ltd.,
A Shares
265,500
452,697
NIO, Inc., ADR *
1,660,048
12,500,161
Nongfu Spring Co., Ltd., H Shares
2,412,654
12,944,332
North Industries Group Red Arrow Co.,
Ltd., A Shares
74,900
189,200
Northeast Securities Co., Ltd., A Shares
200,000
200,679
Offshore Oil Engineering Co., Ltd.,
A Shares
484,100
417,128
OFILM Group Co., Ltd., A Shares *
303,500
209,125
Oppein Home Group, Inc., A Shares
20,740
276,066
ORG Technology Co., Ltd., A Shares
341,300
218,886
Orient Securities Co., Ltd., A Shares
798,916
1,108,827
Orient Securities Co., Ltd., H Shares
906,195
483,875
Oriental Energy Co., Ltd., A Shares
156,600
183,723
Ovctek China, Inc., A Shares
81,180
317,848
Pangang Group Vanadium Titanium &
Resources Co., Ltd., A Shares *
787,100
439,622
People.cn Co., Ltd., A Shares
111,800
301,238
Perfect World Co., Ltd., A Shares
152,250
392,494
PetroChina Co., Ltd., A Shares
2,455,100
2,584,026
PetroChina Co., Ltd., H Shares
28,517,438
18,433,013
Pharmaron Beijing Co., Ltd., A Shares
33,600
217,373
Pharmaron Beijing Co., Ltd., H Shares
283,925
1,048,182
PICC Property & Casualty Co., Ltd.,
H Shares
9,296,377
11,079,768
Pinduoduo, Inc., ADR *
599,789
39,178,217
Ping An Bank Co., Ltd., A Shares
1,874,600
3,051,638
Ping An Healthcare & Technology Co.,
Ltd. *
521,762
1,203,720
Ping An Insurance Group Co. of China
Ltd., A Shares
1,214,900
8,013,177
Ping An Insurance Group Co. of China
Ltd., H Shares
8,432,098
53,533,711
Pingdingshan Tianan Coal Mining Co.,
Ltd., A Shares
258,300
289,626
SECURITY
NUMBER
OF SHARES
VALUE ($)
Poly Developments and Holdings Group
Co., Ltd., A Shares
1,154,500
2,064,095
Poly Property Services Co., Ltd.,
H Shares
195,760
927,755
Pop Mart International Group Ltd. (b)
981,619
2,156,784
Porton Pharma Solutions Ltd., A Shares
58,800
253,822
Postal Savings Bank of China Co., Ltd.,
A Shares
2,648,400
1,910,351
Postal Savings Bank of China Co., Ltd.,
H Shares
12,266,965
7,709,701
Power Construction Corp. of China Ltd.,
A Shares
2,082,900
1,937,976
Pylon Technologies Co., Ltd., A Shares
17,940
497,530
Qifu Technology, Inc., ADR
155,525
2,138,469
Qingdao TGOOD Electric Co., Ltd.,
A Shares *
113,900
350,053
Qinghai Salt Lake Industry Co., Ltd.,
A Shares *
532,600
1,404,411
Raytron Technology Co., Ltd., A Shares
45,400
316,331
Red Star Macalline Group Corp., Ltd.,
H Shares
1,031,788
369,049
Remegen Co., Ltd., H Shares *
194,288
840,117
RLX Technology, Inc., ADR *
989,345
1,691,780
Rongsheng Petrochemical Co., Ltd.,
A Shares
317,800
517,343
SAIC Motor Corp., Ltd., A Shares
914,100
1,721,522
Sailun Group Co., Ltd., A Shares *
309,500
450,842
Sangfor Technologies, Inc., A Shares
14,100
246,569
Sany Heavy Industry Co., Ltd., A Shares
829,900
1,709,693
Satellite Chemical Co., Ltd., A Shares
321,962
572,463
SDIC Capital Co., Ltd., A Shares
1,300,800
1,349,029
Sealand Securities Co., Ltd., A Shares
487,300
233,194
Seazen Group Ltd. *
3,692,853
650,993
Seazen Holdings Co., Ltd., A Shares *
220,700
432,988
SenseTime Group, Inc., Class B *(b)
21,345,579
5,726,148
SF Holding Co., Ltd., A Shares
480,800
3,193,503
SG Micro Corp., A Shares
34,537
525,582
Shaanxi Coal Industry Co., Ltd.,
A Shares
955,200
2,246,646
Shaanxi International Trust Co., Ltd.,
A Shares
395,300
178,628
Shandong Chenming Paper Holdings
Ltd., H Shares *
3,155,735
894,929
Shandong Denghai Seeds Co., Ltd.,
A Shares *
82,000
176,985
Shandong Gold Mining Co., Ltd.,
A Shares
384,804
1,363,538
Shandong Gold Mining Co., Ltd.,
H Shares
831,134
1,584,073
Shandong Himile Mechanical Science &
Technology Co., Ltd., A Shares
68,600
319,712
Shandong Hi-speed Co., Ltd., A Shares
244,600
247,147
Shandong Hualu Hengsheng Chemical
Co., Ltd., A Shares
205,360
840,657
Shandong Linglong Tyre Co., Ltd.,
A Shares
86,400
258,262
Shandong Nanshan Aluminum Co., Ltd.,
A Shares
1,158,700
489,445
Shandong Pharmaceutical Glass Co.,
Ltd., A Shares
69,900
254,064
Shandong Shida Shenghua Chemical
Group Co., Ltd., A Shares
17,900
159,512
Shandong Sun Paper Industry JSC Ltd.,
A Shares
296,900
436,654
Shandong Weigao Group Medical
Polymer Co., Ltd., H Shares
3,186,633
4,713,852
44  
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Shanghai Aiko Solar Energy Co., Ltd.,
Class A *
141,900
686,420
Shanghai Bairun Investment Holding
Group Co., Ltd., A Shares
97,428
465,278
Shanghai Baosight Software Co., Ltd.,
A Shares
256,908
1,911,902
Shanghai Construction Group Co., Ltd.,
A Shares
674,100
249,744
Shanghai Electric Group Co., Ltd.,
A Shares *
1,137,400
770,951
Shanghai Electric Group Co., Ltd.,
H Shares *
3,164,803
808,560
Shanghai Electric Power Co., Ltd.,
A Shares
237,200
388,798
Shanghai Flyco Electrical Appliance Co.,
Ltd., A Shares
6,500
60,286
Shanghai Fosun Pharmaceutical Group
Co., Ltd., A Shares
161,200
705,355
Shanghai Fosun Pharmaceutical Group
Co., Ltd., H Shares
873,219
2,375,954
Shanghai Friendess Electronic
Technology Corp., Ltd., A Shares *
12,371
346,957
Shanghai Fudan Microelectronics Group
Co., Ltd., A Shares
25,080
200,899
Shanghai Fudan Microelectronics Group
Co., Ltd., H Shares
401,230
1,078,899
Shanghai Industrial Holdings Ltd.
623,404
874,394
Shanghai International Airport Co., Ltd.,
A Shares *
241,400
1,578,663
Shanghai International Port Group Co.,
Ltd., A Shares
2,389,900
1,767,489
Shanghai Jinjiang International Hotels
Co. Ltd, A Shares
96,700
636,316
Shanghai Jinjiang International Hotels
Co., Ltd., B Shares
204,265
370,537
Shanghai Jinqiao Export Processing
Zone Development Co., Ltd.,
A Shares
318,200
556,397
Shanghai Junshi Biosciences Co., Ltd.,
A Shares *
105,796
675,534
Shanghai Junshi Biosciences Co., Ltd.,
H Shares *
217,130
708,673
Shanghai Lingang Holdings Corp., Ltd.,
A Shares
174,700
321,167
Shanghai Lujiazui Finance & Trade Zone
Development Co., Ltd., A Shares
691,400
982,891
Shanghai Lujiazui Finance & Trade Zone
Development Co., Ltd., B Shares
513,730
306,697
Shanghai M&G Stationery, Inc., A Shares
44,200
263,744
Shanghai Mechanical and Electrical
Industry Co., Ltd., B shares
293,501
306,122
Shanghai Pharmaceuticals Holding Co.,
Ltd., A Shares
164,900
542,663
Shanghai Pharmaceuticals Holding Co.,
Ltd., H Shares
1,345,622
2,681,532
Shanghai Pudong Development Bank
Co., Ltd., A Shares
2,856,800
2,946,684
Shanghai Putailai New Energy
Technology Co., Ltd., A Shares
273,876
1,365,191
Shanghai RAAS Blood Products Co.,
Ltd., A Shares
842,200
794,238
Shanghai Rural Commercial Bank Co.,
Ltd., A Shares
474,400
392,792
Shanghai Tunnel Engineering Co., Ltd.,
A Shares
279,100
236,572
Shanghai Waigaoqiao Free Trade Zone
Group Co., Ltd., A Shares *
180,200
290,058
SECURITY
NUMBER
OF SHARES
VALUE ($)
Shanghai Yuyuan Tourist Mart Group
Co., Ltd., A Shares
429,500
428,548
Shanghai Zhangjiang High-Tech Park
Development Co., Ltd., A Shares
158,400
322,766
Shanghai Zhenhua Heavy Industries Co.,
Ltd., B Shares
1,364,720
331,627
Shanxi Lu'an Environmental Energy
Development Co., Ltd., A Shares
297,700
781,244
Shanxi Meijin Energy Co., Ltd., A Shares
417,200
419,788
Shanxi Securities Co., Ltd., A Shares
361,600
295,337
Shanxi Taigang Stainless Steel Co., Ltd.,
A Shares
483,600
270,107
Shanxi Xinghuacun Fen Wine Factory
Co., Ltd., A Shares
118,700
3,495,302
Shanxi Xishan Coal & Electricity Power
Co., Ltd., A Shares
665,900
920,474
Shenghe Resources Holding Co., Ltd.,
A Shares
167,100
299,691
Shengyi Technology Co., Ltd., A Shares
219,400
469,848
Shenwan Hongyuan Group Co., Ltd.,
A Shares
1,964,900
1,301,514
Shenwan Hongyuan Group Co., Ltd.,
H Shares
3,512,401
722,379
Shenzhen Airport Co., Ltd., A Shares
213,000
206,848
Shenzhen Capchem Technology Co.,
Ltd., A Shares
80,640
532,108
Shenzhen Dynanonic Co., Ltd., A Shares
22,880
353,067
Shenzhen Energy Group Co., Ltd.,
A Shares
437,000
423,766
Shenzhen Expressway Corp., Ltd.,
H Shares
1,059,991
877,430
Shenzhen Hepalink Pharmaceutical
Group Co., Ltd., H Shares
834,085
466,681
Shenzhen Inovance Technology Co., Ltd.,
A Shares
254,200
2,107,929
Shenzhen International Holdings Ltd.
1,907,375
1,513,084
Shenzhen Investment Ltd.
3,392,306
598,011
Shenzhen Jinjia Group Co., Ltd.,
A Shares
279,100
273,389
Shenzhen Kaifa Technology Co., Ltd.,
A Shares
155,600
499,829
Shenzhen Kangtai Biological Products
Co., Ltd., A Shares
105,180
410,193
Shenzhen Kedali Industry Co., Ltd.,
A Shares
23,100
412,058
Shenzhen Kstar Science And Technology
Co., Ltd., Class A
76,200
414,161
Shenzhen Mindray Bio-Medical
Electronics Co., Ltd., A Shares
118,000
4,977,468
Shenzhen MTC Co., Ltd., A Shares *
467,600
327,447
Shenzhen Overseas Chinese Town Co.,
Ltd., A Shares
802,200
534,740
Shenzhen Salubris Pharmaceuticals Co.,
Ltd., A Shares
92,000
452,783
Shenzhen SC New Energy Technology
Corp., A Shares
31,000
416,028
Shenzhen Senior Technology Material
Co., Ltd., A Shares
119,700
271,793
Shenzhen Sunway Communication Co.,
Ltd., A Shares
88,700
241,735
Shenzhen Transsion Holdings Co., Ltd.,
A Shares
99,722
1,759,808
Shenzhen YUTO Packaging Technology
Co., Ltd., A Shares
67,900
225,450
Shenzhen Zhongjin Lingnan Nonfemet
Co., Ltd., A Shares
304,100
201,430
  45
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Shenzhou International Group Holdings
Ltd.
1,038,597
8,411,465
Shijiazhuang Yiling Pharmaceutical Co.,
Ltd., A Shares
159,500
641,286
Shimao Services Holdings Ltd. *
1,090,270
206,125
Shougang Fushan Resources Group Ltd.
2,512,301
770,226
Shui On Land Ltd.
4,847,272
582,050
Siasun Robot & Automation Co., Ltd.,
A Shares *
140,300
308,724
Sichuan Chuantou Energy Co., Ltd.,
A Shares
433,200
905,818
Sichuan Hebang Biotechnology Co.,
Ltd., A Shares *
839,400
276,824
Sichuan Kelun Pharmaceutical Co., Ltd.,
A Shares
138,500
601,946
Sichuan New Energy Power Co., Ltd. *
139,800
274,860
Sichuan Road & Bridge Co., Ltd.,
A Shares
463,900
989,542
Sichuan Swellfun Co., Ltd., A Shares
48,700
398,509
Sichuan Yahua Industrial Group Co.,
Ltd., A Shares
100,900
254,593
Sieyuan Electric Co., Ltd., A Shares
77,800
516,862
Sino Biopharmaceutical Ltd.
13,375,692
6,373,242
Sinoma International Engineering Co.,
A Shares
192,900
360,040
Sinoma Science & Technology Co., Ltd.,
A Shares
158,200
431,144
Sinomine Resource Group Co., Ltd.,
A Shares
62,860
472,831
Sino-Ocean Group Holding Ltd. *
4,310,512
261,552
Sinopec Engineering Group Co., Ltd.,
H Shares
1,967,077
834,247
Sinopec Oilfield Service Corp.,
H Shares *
6,625,500
473,960
Sinopec Shanghai Petrochemical Co.,
Ltd., A Shares
940,900
414,610
Sinopec Shanghai Petrochemical Co.,
Ltd., H Shares
4,716,550
729,030
Sinopharm Group Co., Ltd., H Shares
1,746,304
5,721,930
Sinotrans Ltd., H Shares
3,534,789
1,169,496
Sinotruk Hong Kong Ltd.
949,960
1,344,561
Skshu Paint Co., Ltd., A Shares *
34,020
426,814
Smoore International Holdings Ltd. (b)
2,482,426
2,498,837
Songcheng Performance Development
Co., Ltd., A Shares
244,300
435,405
SooChow Securities Co., Ltd., A Shares
467,685
471,899
Southwest Securities Co., Ltd., A Shares
634,600
331,291
StarPower Semiconductor Ltd.,
A Shares
14,700
449,986
STO Express Co. Ltd, A Shares *
130,200
182,534
Sun Art Retail Group Ltd.
2,616,037
641,624
Sunac Services Holdings Ltd.
884,643
241,834
Sungrow Power Supply Co., Ltd.,
A Shares
145,600
2,250,468
Sunny Optical Technology Group Co.,
Ltd.
890,689
8,374,121
Sunwoda Electronic Co., Ltd., A Shares
174,300
389,410
Suzhou Dongshan Precision
Manufacturing Co., Ltd., A Shares
157,600
561,988
Suzhou Maxwell Technologies Co., Ltd.,
A Shares
26,060
577,827
Suzhou Nanomicro Technology Co., Ltd.,
Class A *
75,458
478,429
Taiji Computer Corp., Ltd., A Shares
59,600
327,031
TAL Education Group, ADR *
614,978
3,339,331
Tangshan Jidong Cement Co., Ltd.,
A Shares
287,800
311,395
SECURITY
NUMBER
OF SHARES
VALUE ($)
TangShan Port Group Co., Ltd., A Shares
613,200
315,816
TBEA Co., Ltd., A Shares
405,149
1,271,883
TCL Technology Group Corp., A Shares
1,629,050
882,446
Tencent Holdings Ltd.
8,249,434
327,311,238
Tencent Music Entertainment Group,
ADR *
851,260
5,907,744
The People's Insurance Co. Group of
China Ltd., A Shares
1,641,600
1,409,890
The People's Insurance Co. Group of
China Ltd., H Shares
10,015,823
3,787,160
Thunder Software Technology Co., Ltd.,
A Shares
40,400
554,481
Tian Di Science & Technology Co., Ltd.,
A Shares
299,200
228,416
Tianjin Chase Sun Pharmaceutical Co.
Ltd, A Shares
302,500
270,840
Tianjin Guangyu Development Co., Ltd.,
A Shares
177,500
296,174
Tianjin Zhonghuan Semiconductor Co.,
Ltd., A Shares
313,200
1,632,852
Tianma Microelectronics Co., Ltd.,
A Shares *
229,000
310,762
Tianqi Lithium Corp., A Shares *
150,700
1,521,423
Tianqi Lithium Corp., Class H *
126,396
819,416
Tianshan Aluminum Group Co., Ltd.,
A Shares
161,000
142,342
Tianshui Huatian Technology Co., Ltd.,
A Shares
324,700
442,909
Tibet Summit Resources Co., Ltd.,
A Shares *
60,500
150,278
Tingyi Cayman Islands Holding Corp.
2,616,645
3,924,174
Titan Wind Energy Suzhou Co., Ltd.,
A Shares
167,900
366,629
Tongcheng Travel Holdings Ltd. *
1,594,639
3,181,843
TongFu Microelectronics Co., Ltd.,
A Shares
148,100
514,811
Tongkun Group Co., Ltd., A Shares
224,000
379,107
Tongling Nonferrous Metals Group Co.,
Ltd., A Shares *
933,500
379,908
Tongwei Co., Ltd., A Shares
438,500
2,099,641
Topchoice Medical Corp., A Shares *
30,700
455,601
Topsec Technologies Group, Inc.,
A Shares
274,700
405,161
Topsports International Holdings Ltd.
2,515,088
1,953,404
Towngas Smart Energy Co., Ltd. *
1,636,412
727,457
TravelSky Technology Ltd., H Shares
1,340,568
2,445,414
Trina Solar Co., Ltd., A Shares
213,856
1,179,452
Trip.com Group Ltd. *
729,749
23,416,849
Tsingtao Brewery Co., Ltd., A Shares
81,700
1,091,619
Tsingtao Brewery Co., Ltd., H Shares
840,144
7,233,508
Tuya, Inc., ADR *
345,375
683,843
Unigroup Guoxin Microelectronics Co.,
Ltd., A Shares
81,679
1,056,263
Uni-President China Holdings Ltd.
1,605,694
1,394,784
Unisplendour Corp., Ltd., A Shares
123,700
566,265
Valiant Co., Ltd., A Shares
84,400
191,877
Vinda International Holdings Ltd.
360,603
867,852
Vipshop Holdings Ltd., ADR *
532,950
7,631,844
Walvax Biotechnology Co., Ltd.,
A Shares
162,200
657,604
Wanda Film Holding Co., Ltd.,
A Shares *
244,400
421,521
Wangsu Science & Technology Co., Ltd.,
A Shares *
229,600
245,201
Wanhua Chemical Group Co., Ltd.,
A Shares
308,700
3,563,623
Wanxiang Qianchao Co., Ltd., A Shares
304,900
224,638
Weibo Corp., ADR *
100,150
1,399,095
46  
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Weichai Power Co., Ltd., A Shares
594,500
964,442
Weichai Power Co., Ltd., H Shares
2,730,667
3,711,468
Weifu High-Technology Group Co., Ltd.,
A Shares
187,500
393,377
Weihai Guangwei Composites Co., Ltd.,
A Shares
73,120
300,554
Wens Foodstuffs Group Co., Ltd.,
A Shares
180,320
425,634
Western Mining Co., Ltd., A Shares
218,400
314,461
Western Securities Co., Ltd., A Shares
446,100
405,671
Western Superconducting Technologies
Co., Ltd., A Shares
45,200
492,292
Westone Information Industry, Inc.,
A Shares
87,900
365,130
Will Semiconductor Co., Ltd ., A Shares
78,150
1,095,513
Wingtech Technology Co., Ltd., A Shares
110,400
773,101
Winning Health Technology Group Co.,
Ltd., A Shares
212,700
296,702
Wolong Electric Group Co., Ltd.,
A Shares
121,200
204,784
Wonders Information Co. Ltd, Class A *
115,200
218,088
Wuchan Zhongda Group Co., Ltd.,
A Shares
346,400
250,352
Wuhan Guide Infrared Co., Ltd.,
A Shares *
290,336
418,444
Wuliangye Yibin Co., Ltd., A Shares
371,300
8,398,514
WUS Printed Circuit Kunshan Co., Ltd.,
A Shares
179,500
526,222
WuXi AppTec Co., Ltd., A Shares
201,351
1,836,680
WuXi AppTec Co., Ltd., H Shares *
518,505
4,272,165
Wuxi Biologics Cayman, Inc. *
4,888,734
25,011,183
XCMG Construction Machinery Co., Ltd.,
A Shares
1,295,900
1,087,524
Xiamen C & D, Inc., A Shares
328,600
535,385
Xiamen Faratronic Co., Ltd., A Shares
22,000
413,708
Xiamen ITG Group Corp., Ltd., A Shares
178,800
232,351
Xiamen Tungsten Co., Ltd., A Shares
120,800
306,162
Xiangcai Co., Ltd., A Shares
226,100
256,377
Xiaomi Corp., B Shares *
20,233,844
26,726,018
Xinhua Winshare Publishing and Media
Co., Ltd., H Shares
551,696
408,755
Xinjiang Daqo New Energy Co., Ltd.,
Class A
138,555
830,264
Xinjiang Goldwind Science & Technology
Co., Ltd., A Shares
386,100
589,515
Xinjiang Goldwind Science & Technology
Co., Ltd., H Shares
793,078
575,439
Xinjiang Tianshan Cement Co., Ltd.,
A Shares
197,300
235,903
Xinjiang Zhongtai Chemical Co., Ltd.,
A Shares *
241,900
224,390
Xinxing Ductile Iron Pipes Co., Ltd.,
A Shares
351,500
212,110
Xinyi Solar Holdings Ltd.
5,856,545
5,783,041
XPeng, Inc., A Shares *(b)
1,449,420
5,748,985
Xtep International Holdings Ltd.
1,526,673
1,534,815
Xuji Electric Co., Ltd., A Shares
91,400
297,578
Yadea Group Holdings Ltd.
1,359,005
2,708,201
Yang Quan Coal Industry Group Co.,
Ltd., A Shares
124,900
218,748
Yangling Metron New Material, Inc.,
A Shares
51,500
313,952
Yangtze Optical Fibre and Cable Joint
Stock Ltd., Co., A Shares
109,200
538,966
Yangzhou Yangjie Electronic Technology
Co., Ltd., A Shares *
49,900
288,512
Yangzijiang Financial Holding Ltd.
3,340,028
825,855
Yangzijiang Shipbuilding Holdings Ltd.
3,532,994
3,207,427
SECURITY
NUMBER
OF SHARES
VALUE ($)
Yankuang Energy Group Co., Ltd.,
A Shares
273,200
1,040,152
Yankuang Energy Group Co., Ltd.,
H Shares
2,410,905
6,110,223
Yanlord Land Group Ltd. *
941,535
531,627
Yantai Changyu Pioneer Wine Co., Ltd.,
A Shares
143,483
610,112
Yantai Eddie Precision Machinery Co.,
Ltd., A Shares
86,520
217,095
Yantai Jereh Oilfield Services Group Co.,
Ltd., A Shares *
102,500
350,978
Yatsen Holding Ltd., ADR *
397,087
351,859
Yealink Network Technology Corp., Ltd.,
A Shares
74,950
557,460
Yifan Pharmaceutical Co., Ltd.,
A Shares *
124,700
274,922
Yifeng Pharmacy Chain Co., Ltd.,
A Shares
68,260
475,324
Yihai International Holding Ltd. *
658,356
1,459,976
Yihai Kerry Arawana Holdings Co., Ltd.,
A Shares
187,900
1,060,033
Yintai Gold Co., Ltd., A Shares
275,600
500,859
Yixintang Pharmaceutical Group Co.,
Ltd., A Shares
57,800
219,007
YongXing Special Materials Technology
Co., Ltd., A Shares
41,860
371,558
Yonyou Network Technology Co., Ltd.,
A Shares
347,640
969,868
Youngor Group Co., Ltd., A Shares
483,500
466,143
Youngy Co., Ltd., A Shares *
27,400
236,517
YTO Express Group Co., Ltd., A Shares
271,800
587,022
Yuan Longping High-tech Agriculture
Co., Ltd., A Shares *
116,200
239,060
Yuexiu Property Co., Ltd.
2,218,269
2,402,954
Yum China Holdings, Inc.
576,175
32,134,641
Yunda Holding Co., Ltd., A Shares
117,800
188,459
Yunnan Aluminium Co., Ltd., A Shares
350,500
595,168
Yunnan Baiyao Group Co., Ltd., A Shares
155,540
1,175,423
Yunnan Botanee Bio-Technology Group
Co., Ltd., A Shares
18,000
232,925
Yunnan Copper Co., Ltd., A Shares
446,000
682,225
Yunnan Energy New Material Co., Ltd.,
A Shares *
76,600
977,360
Yunnan Tin Co., Ltd., A Shares
179,200
357,605
Yunnan Yuntianhua Co., Ltd., A Shares
195,400
456,842
Zai Lab Ltd. *
1,289,570
4,258,344
Zangge Mining Co., Ltd., A Shares
112,300
362,156
Zhangzhou Pientzehuang
Pharmaceutical Co., Ltd., A Shares
58,300
2,488,824
Zhaojin Mining Industry Co., Ltd.,
H Shares *
1,466,593
2,083,290
Zhefu Holding Group Co., Ltd., A Shares
548,000
312,998
Zhejiang Century Huatong Group Co.,
Ltd., A Shares *
805,000
702,672
Zhejiang China Commodities City Group
Co., Ltd., A Shares
551,200
636,613
Zhejiang Chint Electrics Co., Ltd.,
A Shares
130,800
480,005
Zhejiang Crystal-Optech Co., Ltd.,
A Shares
132,400
219,806
Zhejiang Dahua Technology Co., Ltd.,
A Shares
265,000
737,826
Zhejiang Dingli Machinery Co., Ltd.,
A Shares
34,600
228,844
Zhejiang Expressway Co., Ltd., H Shares
2,154,819
1,596,519
Zhejiang Hailiang Co., Ltd., A Shares
123,600
205,890
  47
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Zhejiang HangKe Technology, Inc. Co.,
A Shares
31,689
184,376
Zhejiang Huahai Pharmaceutical Co.,
Ltd., A Shares
140,250
363,133
Zhejiang Huayou Cobalt Co., Ltd.,
A Shares
159,860
1,037,571
Zhejiang Jingsheng Mechanical &
Electrical Co., Ltd., A Shares
127,800
1,236,606
Zhejiang Jiuzhou Pharmaceutical Co.,
Ltd., A Shares
74,200
303,327
Zhejiang Juhua Co., Ltd., A Shares
268,700
495,861
Zhejiang NHU Co., Ltd., A Shares *
285,468
604,924
Zhejiang Sanhua Intelligent Controls Co.,
Ltd., A Shares
111,620
407,113
Zhejiang Supcon Technology Co., Ltd.,
A Shares
48,470
703,535
Zhejiang Supor Co., Ltd., A Shares
46,200
289,877
Zhejiang Weixing New Building Materials
Co., Ltd., A Shares
155,300
420,843
Zhejiang Wolwo Bio-Pharmaceutical
Co., Ltd., A Shares
54,100
289,488
Zhejiang Yongtai Technology Co., Ltd.,
A Shares
87,300
202,023
Zhengzhou Coal Mining Machinery
Group Co., Ltd., A Shares
162,400
283,513
Zheshang Securities Co., Ltd., A Shares
114,500
160,684
ZhongAn Online P&C Insurance Co.,
Ltd., H Shares *
1,039,057
2,926,734
Zhongji Innolight Co., Ltd., A Shares *
65,400
986,626
Zhongsheng Group Holdings Ltd.
909,957
3,359,340
Zhongtai Securities Co., Ltd., A Shares
240,800
230,128
Zhuhai Huafa Properties Co., Ltd.,
A Shares
209,400
289,454
Zhuzhou CRRC Times Electric Co., Ltd.
731,508
3,079,001
Zhuzhou CRRC Times Electric Co., Ltd.,
A Shares
51,276
329,281
Zhuzhou Hongda Electronics Corp., Ltd.,
A Shares
41,900
229,498
Zhuzhou Kibing Group Co., Ltd.,
A Shares *
203,000
230,183
Zijin Mining Group Co., Ltd., A Shares
2,059,900
3,090,226
Zijin Mining Group Co., Ltd., H Shares
7,748,366
10,511,627
Zoomlion Heavy Industry Science and
Technology Co. Ltd, A Shares
508,700
451,889
Zoomlion Heavy Industry Science and
Technology Co. Ltd, H Shares
2,440,817
1,138,055
ZTE Corp., A Shares
373,300
1,842,978
ZTE Corp., H Shares
1,056,755
3,246,570
ZTO Express Cayman, Inc.
599,351
15,144,078
 
2,670,844,416
 
Colombia 0.1%
Bancolombia S.A.
340,514
2,141,040
Bancolombia S.A., ADR
167,233
3,914,925
Ecopetrol S.A., ADR
337,993
3,068,976
Interconexion Electrica S.A. ESP
609,060
2,424,476
 
11,549,417
 
Czech Republic 0.2%
CEZ A/S
219,573
9,834,265
Colt CZ Group SE
14,593
389,472
Komercni Banka A/S
109,610
3,252,333
Moneta Money Bank A/S
530,362
1,884,137
Philip Morris CR AS
751
568,627
 
15,928,834
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
Egypt 0.1%
Commercial International Bank Egypt
S.A.E., GDR
4,621,434
5,259,192
 
Greece 0.6%
Aegean Airlines S.A. *
64,935
691,580
Alpha Services and Holdings S.A. *
2,948,727
4,355,512
Athens Water Supply & Sewage Co. S.A.
56,973
396,625
Autohellas Tourist and Trading S.A.
30,342
465,159
Ellaktor S.A. *
135,063
329,739
Eurobank Ergasias Services & Holdings
S.A., A Shares *
3,532,273
5,498,006
FF Group *(a)
50,437
0
GEK Terna Holding Real Estate
Construction S.A. *
78,064
1,126,854
Hellenic Petroleum Holdings S.A.
96,645
823,236
Hellenic Telecommunications
Organization S.A.
283,239
4,324,084
Holding Co. ADMIE IPTO S.A.
190,651
390,246
JUMBO S.A.
153,253
3,545,413
LAMDA Development S.A. *
105,288
716,139
Motor Oil Hellas Corinth Refineries S.A.
77,945
2,004,304
Mytilineos S.A.
144,240
4,533,267
National Bank of Greece S.A. *
757,070
4,681,253
OPAP S.A.
259,662
4,423,675
Piraeus Financial Holdings S.A. *
873,872
2,571,313
Public Power Corp. S.A. *
274,741
2,901,189
Quest Holdings S.A.
41,174
257,667
Sarantis S.A.
46,028
364,103
Terna Energy S.A.
72,180
1,549,796
Titan Cement International S.A. *
55,208
977,031
Viohalco S.A.
88,375
546,456
 
47,472,647
 
Hong Kong 0.0%
China Huishan Dairy Holdings Co.,
Ltd. *(a)
3,872,695
0
 
Hungary 0.2%
Magyar Telekom Telecommunications
plc
644,587
774,721
MOL Hungarian Oil & Gas plc
529,056
4,289,811
OTP Bank Nyrt
322,066
9,996,662
Richter Gedeon Nyrt
200,212
5,022,767
 
20,083,961
 
Iceland 0.1%
Arion Banki HF
2,150,861
1,953,100
Eimskipafelag Islands hf
169,064
635,751
Festi hf
510,526
621,750
Hagar hf
1,873,670
880,722
Icelandair Group HF *
24,613,174
326,049
Islandsbanki HF
1,731,719
1,442,997
Kvika banki hf
7,075,479
881,852
Marel HF
791,207
2,513,199
Reitir fasteignafelag hf
1,383,261
758,572
 
10,013,992
 
India 17.6%
3M India Ltd.
4,019
1,221,919
Aarti Industries Ltd.
277,915
1,720,931
ABB India Ltd.
73,073
3,644,204
ACC Ltd. *
118,527
2,546,130
48  
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Adani Enterprises Ltd.
375,525
11,317,464
Adani Green Energy Ltd. *
547,789
6,473,601
Adani Ports & Special Economic Zone
Ltd.
1,105,795
9,875,473
Adani Power Ltd. *
1,331,708
4,018,533
Adani Total Gas Ltd.
382,192
3,068,137
Adani Transmission Ltd. *
348,550
3,272,242
Adani Wilmar Ltd. *
221,553
1,167,860
Aditya Birla Capital Ltd. *
594,806
1,224,382
Alkem Laboratories Ltd.
33,991
1,380,316
Ambuja Cements Ltd. *
945,069
4,838,898
APL Apollo Tubes Ltd.
229,443
3,148,563
Apollo Hospitals Enterprise Ltd.
137,007
7,654,115
Ashok Leyland Ltd.
1,971,294
3,485,963
Asian Paints Ltd.
620,647
23,953,213
Astral Ltd.
161,882
3,563,846
AU Small Finance Bank Ltd.
445,433
4,182,871
Aurobindo Pharma Ltd.
364,988
2,905,543
Avenue Supermarts Ltd. *
204,497
8,580,248
Axis Bank Ltd.
3,121,388
34,516,333
Bajaj Auto Ltd.
93,681
5,171,587
Bajaj Finance Ltd.
320,685
27,094,024
Bajaj Finserv Ltd.
522,343
9,161,470
Bajaj Holdings & Investment Ltd.
36,217
3,180,308
Balkrishna Industries Ltd.
109,968
3,022,356
Bandhan Bank Ltd. *
1,093,122
3,541,037
Bank of Baroda
1,430,575
3,198,964
Bank of India
1,025,691
914,335
Bata India Ltd.
84,203
1,612,319
Bayer CropScience Ltd.
18,558
948,549
Berger Paints India Ltd.
340,104
2,673,946
Bharat Electronics Ltd.
4,468,199
6,057,017
Bharat Forge Ltd.
341,303
3,264,437
Bharat Heavy Electricals Ltd.
1,736,715
1,719,252
Bharat Petroleum Corp., Ltd.
1,392,077
6,116,383
Bharti Airtel Ltd.
3,186,696
32,736,743
Bharti Airtel Ltd.- Partly Paid
221,606
1,219,836
Biocon Ltd.
628,190
1,861,823
Bosch Ltd.
12,072
2,709,447
Britannia Industries Ltd.
161,589
9,095,984
Canara Bank
493,873
1,848,773
Castrol India Ltd.
677,085
919,073
CG Power & Industrial Solutions Ltd.
970,782
4,609,730
Cholamandalam Investment & Finance
Co., Ltd.
549,011
6,973,799
Cipla Ltd.
703,306
8,101,902
Coal India Ltd.
2,935,918
8,561,271
Coforge Ltd.
55,916
3,078,655
Colgate-Palmolive (India) Ltd.
182,270
3,506,188
Container Corp. Of India Ltd.
378,360
3,068,474
Coromandel International Ltd.
147,550
1,711,865
Cummins India Ltd.
185,754
3,951,420
Dabur India Ltd.
802,150
5,385,034
Dalmia Bharat Ltd.
111,484
2,870,179
Deepak Nitrite Ltd.
102,503
2,569,392
Divi's Laboratories Ltd.
175,514
7,305,526
Dixon Technologies India Ltd.
50,471
2,366,250
DLF Ltd.
855,951
4,913,354
Dr Lal PathLabs Ltd.
46,673
1,146,884
Dr. Reddy's Laboratories Ltd.
165,861
9,023,710
Eicher Motors Ltd.
192,075
8,525,004
Emami Ltd.
298,172
1,411,536
Embassy Office Parks REIT
798,113
2,971,173
Exide Industries Ltd. *
642,618
1,640,491
Federal Bank Ltd.
2,165,346
3,278,174
FSN E-Commerce Ventures Ltd. *
1,866,444
2,821,147
GAIL India Ltd.
3,815,861
4,833,713
General Insurance Corp. of India
136,104
303,443
GlaxoSmithKline Pharmaceuticals Ltd.
69,325
1,093,815
SECURITY
NUMBER
OF SHARES
VALUE ($)
Glenmark Pharmaceuticals Ltd.
214,416
1,549,187
GMR Infrastructure Ltd. *
3,298,106
1,614,532
Godrej Consumer Products Ltd. *
507,514
6,492,386
Godrej Industries Ltd. *
108,421
628,783
Godrej Properties Ltd. *
120,626
2,027,106
Grasim Industries Ltd.
526,292
10,931,139
Gujarat Fluorochemicals Ltd.
53,999
2,224,528
Gujarat Gas Ltd.
276,654
1,694,061
Havells India Ltd.
330,117
5,218,985
HCL Technologies Ltd.
1,498,988
20,747,634
HDFC Asset Management Co., Ltd.
106,329
2,522,958
HDFC Life Insurance Co., Ltd.
1,346,773
9,642,725
Hero MotoCorp Ltd.
180,722
6,028,807
Hindalco Industries Ltd.
1,934,178
9,489,482
Hindustan Aeronautics Ltd.
130,067
4,900,472
Hindustan Petroleum Corp., Ltd.
825,291
2,602,605
Hindustan Unilever Ltd.
1,215,827
39,202,282
Hindustan Zinc Ltd.
315,795
1,168,029
Honeywell Automation India Ltd.
2,969
1,437,440
Housing Development Finance Corp.,
Ltd.
2,403,524
76,708,800
ICICI Bank Ltd.
2,166,441
24,854,711
ICICI Lombard General Insurance Co.,
Ltd.
328,848
4,698,686
ICICI Prudential Life Insurance Co., Ltd.
512,989
2,889,489
IDBI Bank Ltd. *
969,055
644,811
IDFC First Bank Ltd. *
4,441,518
3,846,579
Indian Bank
256,945
838,243
Indian Hotels Co., Ltd.
1,139,261
5,366,370
Indian Oil Corp., Ltd.
5,745,534
6,250,286
Indian Railway Catering & Tourism Corp.,
Ltd.
406,565
3,191,804
Indian Railway Finance Corp., Ltd.
2,453,831
955,053
Indraprastha Gas Ltd.
483,182
2,806,865
Indus Towers Ltd. *
1,209,212
2,248,676
Info Edge India Ltd.
105,151
5,177,802
Infosys Ltd.
4,892,932
77,966,930
InterGlobe Aviation Ltd. *
165,745
4,753,064
Ipca Laboratories Ltd.
185,072
1,568,031
ITC Ltd.
4,044,734
21,780,341
Jindal Steel & Power Ltd.
531,525
3,323,160
JSW Energy Ltd. *
534,481
1,641,264
JSW Steel Ltd.
1,357,823
11,427,903
Jubilant Foodworks Ltd.
497,268
2,904,921
Kansai Nerolac Paints Ltd.
186,960
996,246
Kotak Mahindra Bank Ltd.
132,907
3,236,010
L&T Finance Holdings Ltd.
1,176,596
1,481,200
L&T Technology Services Ltd.
35,563
1,677,737
Larsen & Toubro Infotech Ltd.
127,895
7,727,012
Larsen & Toubro Ltd.
946,247
25,227,146
Laurus Labs Ltd.
564,479
2,256,363
LIC Housing Finance Ltd.
378,036
1,699,821
Linde India Ltd.
30,839
1,474,706
Lupin Ltd.
329,858
3,207,599
Macrotech Developers Ltd. *
153,105
1,009,419
Macrotech Developers Ltd. Bonus
Shares *(a)
153,105
1,009,419
Mahindra & Mahindra Financial Services
Ltd.
814,806
2,800,000
Mahindra & Mahindra Ltd.
1,258,182
20,059,277
Mangalore Refinery & Petrochemicals
Ltd. *
345,736
273,515
Marico Ltd.
717,619
4,710,432
Maruti Suzuki India Ltd.
181,364
20,535,773
Max Financial Services Ltd. *
330,035
2,818,577
Max Healthcare Institute Ltd. *
1,018,245
6,762,503
Mphasis Ltd.
119,033
2,801,089
MRF Ltd.
3,716
4,366,377
  49
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Muthoot Finance Ltd.
148,544
2,002,865
Nestle India Ltd.
48,860
12,799,750
NHPC Ltd.
3,201,810
1,681,560
Nippon Life India Asset Management
Ltd.
230,660
696,313
NMDC Ltd.
1,577,685
2,036,660
NTPC Ltd.
6,518,501
13,697,756
Oberoi Realty Ltd.
161,148
1,812,946
Oil & Natural Gas Corp., Ltd.
5,074,361
9,500,791
Oil India Ltd.
485,769
1,510,470
One 97 Communications Ltd. *
208,159
1,754,579
Oracle Financial Services Software Ltd.
40,813
1,792,514
Page Industries Ltd.
7,923
3,713,434
Patanjali Foods Ltd.
91,905
1,163,644
PB Fintech Ltd. *
491,613
3,600,702
Persistent Systems Ltd.
65,494
4,067,770
Petronet LNG Ltd.
1,096,373
2,992,991
PI Industries Ltd.
111,590
4,878,393
Pidilite Industries Ltd.
208,517
6,572,810
Piramal Enterprises Ltd.
166,656
1,553,614
Polycab India Ltd.
65,262
2,700,584
Power Finance Corp., Ltd.
1,559,200
3,437,587
Power Grid Corp. of India Ltd.
4,334,006
12,250,502
Punjab National Bank
1,474,267
923,957
Rajesh Exports Ltd.
186,563
1,252,444
RBL Bank Ltd. *
613,594
1,202,240
REC Ltd.
1,647,990
2,819,626
Relaxo Footwears Ltd.
95,753
1,044,081
Reliance Industries Ltd.
4,501,056
134,375,715
Samvardhana Motherson International
Ltd.
2,991,267
2,858,144
SBI Cards & Payment Services Ltd.
394,931
4,377,175
SBI Life Insurance Co., Ltd.
570,934
8,522,752
Schaeffler India Ltd.
55,764
1,999,821
Shree Cement Ltd.
18,575
5,650,101
Shriram Transport Finance Co., Ltd.
335,671
5,679,254
Siemens Ltd.
121,653
5,222,519
Solar Industries India Ltd. *
29,139
1,321,633
Sona Blw Precision Forgings Ltd.
477,596
3,126,268
SRF Ltd.
193,811
5,902,865
Star Health & Allied Insurance Co., Ltd. *
310,932
2,023,849
State Bank of India
2,425,077
16,996,840
Steel Authority of India Ltd.
1,975,885
1,970,347
Sun Pharmaceutical Industries Ltd.
1,495,653
17,632,680
Sun TV Network Ltd.
103,767
557,141
Supreme Industries Ltd.
87,633
2,926,153
Tata Communications Ltd.
181,638
2,850,310
Tata Consultancy Services Ltd.
1,403,213
55,793,100
Tata Consumer Products Ltd.
835,880
8,069,143
Tata Elxsi Ltd.
47,974
4,303,557
Tata Motors Ltd. *
2,522,283
16,045,534
Tata Motors Ltd., A Shares, DVR *
510,339
1,676,622
Tata Steel Ltd.
11,066,652
14,152,362
Tata Teleservices Maharashtra Ltd. *
717,771
533,132
Tech Mahindra Ltd.
832,889
11,230,605
The Tata Power Co., Ltd.
2,289,089
5,908,663
Titan Co., Ltd.
571,650
19,507,721
Torrent Pharmaceuticals Ltd.
133,175
2,955,120
Torrent Power Ltd.
320,099
2,133,428
Trent Ltd.
246,265
4,644,934
Tube Investments of India Ltd.
134,741
4,662,733
TVS Motor Co., Ltd.
324,615
5,111,794
UltraTech Cement Ltd.
157,280
14,961,598
Union Bank of India Ltd.
1,546,125
1,328,744
United Breweries Ltd.
94,405
1,659,952
United Spirits Ltd. *
397,854
4,248,712
UNO Minda Ltd.
228,769
1,536,613
UPL Ltd.
723,229
5,989,034
Varun Beverages Ltd.
279,368
5,721,797
SECURITY
NUMBER
OF SHARES
VALUE ($)
Vedant Fashions Ltd.
45,493
707,976
Vedanta Ltd.
1,682,353
5,659,230
Vodafone Idea Ltd. *
11,513,210
1,001,973
Voltas Ltd.
313,408
3,111,468
Whirlpool of India Ltd.
40,329
695,468
Wipro Ltd.
1,744,203
8,509,989
Yes Bank Ltd. *
28,416,669
5,564,360
Zee Entertainment Enterprises Ltd.
1,155,030
2,723,117
Zomato Ltd. *
7,630,255
6,368,391
Zydus Lifesciences Ltd.
348,358
2,115,027
 
1,450,033,775
 
Indonesia 2.4%
Astra Agro Lestari Tbk PT
579,328
272,466
Avia Avian Tbk PT
24,342,726
1,112,393
Bank Danamon Indonesia Tbk PT
640,024
117,843
Bank Syariah Indonesia Tbk PT
5,131,072
592,178
Dayamitra Telekomunikasi PT
32,201,840
1,407,085
Elang Mahkota Teknologi Tbk PT
39,160,257
1,554,393
GoTo Gojek Tokopedia Tbk PT *
979,661,294
9,607,085
Indosat Tbk PT
1,388,780
768,971
Mayora Indah Tbk PT
4,573,240
799,325
Merdeka Copper Gold Tbk PT *
25,440,276
5,091,449
MNC Digital Entertainment Tbk PT *
2,090,132
556,346
PT Adaro Energy Indonesia Tbk
16,707,007
2,273,669
PT Astra International Tbk
27,676,699
11,908,920
PT Bank Central Asia Tbk
76,103,567
45,946,450
PT Bank Mandiri (Persero) Tbk
60,825,329
20,491,522
PT Bank Negara Indonesia (Persero) Tbk
10,090,720
6,092,129
PT Bank Rakyat Indonesia (Persero) Tbk
95,952,441
35,686,115
PT Barito Pacific Tbk *
33,531,747
1,700,075
PT Bukit Asam Tbk
5,890,774
1,202,520
PT Bumi Serpong Damai Tbk *
11,736,803
822,124
PT Charoen Pokphand Indonesia Tbk
9,971,374
3,292,749
PT Gudang Garam Tbk
631,336
1,137,163
PT Hanjaya Mandala Sampoerna Tbk
11,775,154
769,823
PT Indah Kiat Pulp & Paper Corp. Tbk
3,570,935
1,643,726
PT Indocement Tunggal Prakarsa Tbk
2,019,276
1,333,611
PT Indofood CBP Sukses Makmur Tbk
3,112,786
2,429,593
PT Indofood Sukses Makmur Tbk
5,871,755
2,781,151
PT Jasa Marga Persero Tbk
2,922,482
649,224
PT Kalbe Farma Tbk
25,887,340
3,505,757
PT Media Nusantara Citra Tbk *
6,221,560
265,630
PT Perusahaan Gas Negara Tbk
14,280,730
1,362,338
PT Sarana Menara Nusantara Tbk
23,678,233
1,563,806
PT Semen Indonesia (Persero) Tbk
4,593,143
1,777,200
PT Surya Citra Media Tbk
17,616,277
162,178
PT Telkom Indonesia (Persero) Tbk
63,702,252
17,168,586
PT Tower Bersama Infrastructure Tbk
6,525,004
927,169
PT Unilever Indonesia Tbk
7,794,880
2,355,624
PT United Tractors Tbk
2,088,892
3,097,106
PT Vale Indonesia Tbk
2,706,855
1,137,638
PT XL Axiata Tbk
6,542,898
866,421
Smartfren Telecom Tbk PT *
120,670,805
483,005
Sumber Alfaria Trijaya Tbk PT
26,465,836
4,661,095
 
201,373,651
 
Kuwait 1.0%
Agility Public Warehousing Co. KSC
2,087,592
4,144,659
Boubyan Bank KSCP
1,648,767
3,214,493
Boubyan Petrochemicals Co. KSCP
567,404
1,484,192
Burgan Bank SAK
1,418,389
871,082
Gulf Bank KSCP
2,633,930
2,191,019
Humansoft Holding Co. KSC
149,097
1,672,890
Kuwait Finance House KSCP
12,454,641
28,612,286
Mabanee Co. KPSC
887,997
2,138,118
50  
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Mobile Telecommunications Co. KSCP
2,668,624
4,509,129
National Bank of Kuwait SAKP
10,286,083
30,749,623
 
79,587,491
 
Malaysia 1.7%
Alliance Bank Malaysia Berhad
1,580,080
1,181,080
AMMB Holdings Berhad
2,970,972
2,343,048
Astro Malaysia Holdings Berhad
2,295,200
333,178
Axiata Group Berhad
6,249,477
3,764,174
British American Tobacco Malaysia
Berhad
196,000
435,697
Celcomdigi Berhad
5,399,714
5,229,492
CIMB Group Holdings Berhad
9,320,252
9,733,207
Dialog Group Berhad
5,675,300
2,655,974
FGV Holdings Bhd
877,300
249,001
Fraser & Neave Holdings Berhad
235,600
1,291,448
Gamuda Berhad
3,129,692
3,010,689
Genting Berhad
3,069,700
2,793,357
Genting Malaysia Berhad
3,920,320
2,131,947
Hartalega Holdings Berhad
2,378,700
1,185,356
Hong Leong Bank Berhad
907,807
3,807,853
Hong Leong Financial Group Berhad
335,400
1,258,613
IHH Healthcare Berhad
3,949,700
4,937,660
IJM Corp. Berhad
4,347,336
1,544,715
IOI Corp. Berhad
3,383,392
2,704,954
Kuala Lumpur Kepong Berhad
597,828
2,704,506
Malayan Banking Berhad
9,720,618
18,217,603
Malaysia Airports Holdings Berhad
1,463,784
2,191,474
Maxis Berhad
2,802,724
2,495,763
MISC Berhad
2,366,400
3,742,763
MR DIY Group M Berhad
3,061,700
1,041,462
Nestle Malaysia Berhad
86,771
2,519,188
Petronas Chemicals Group Berhad
3,916,200
5,566,087
Petronas Dagangan Berhad
365,400
1,672,029
Petronas Gas Berhad
744,436
2,700,002
PPB Group Berhad
936,877
3,300,535
Press Metal Aluminium Holdings Berhad
4,823,664
4,817,916
Public Bank Berhad
19,548,570
16,136,941
QL Resources Berhad
1,511,050
1,816,992
RHB Bank Berhad
2,277,962
2,640,472
Sime Darby Berhad
4,857,400
2,178,490
Sime Darby Plantation Berhad
4,936,308
4,513,318
Telekom Malaysia Berhad
1,572,734
1,737,828
Tenaga Nasional Berhad
4,423,574
9,114,546
Top Glove Corp. Berhad *
7,204,400
1,779,442
Westports Holdings Berhad
1,020,700
835,932
YTL Corp. Berhad
6,719,136
1,412,103
 
143,726,835
 
Mexico 3.2%
Alfa S.A.B. de C.V., A Shares
5,003,986
3,051,718
Alpek S.A.B. de C.V.
547,475
546,296
America Movil S.A.B. de C.V.
38,434,267
40,862,076
Arca Continental S.A.B. de C.V.
600,426
6,046,439
Banco del Bajio S.A.
960,453
2,996,844
Becle S.A.B. de C.V.
750,182
1,756,934
Cemex S.A.B. de C.V., Series CPO *
20,761,866
12,439,641
Coca-Cola Femsa S.A.B. de C.V.
733,412
6,000,447
Concentradora Fibra Danhos S.A. de
C.V.
379,241
473,457
Controladora Axtel SAB de C.V. *
5,003,986
76,927
El Puerto de Liverpool S.A.B. de C.V.,
Series C1
272,324
1,592,240
Fibra Uno Administracion S.A. de C.V.
3,947,012
5,707,728
Fomento Economico Mexicano S.A.B. de
C.V.
2,505,529
25,131,126
GCC S.A.B. de C.V.
212,876
1,621,781
SECURITY
NUMBER
OF SHARES
VALUE ($)
Gruma S.A.B. de C.V., B Shares
271,768
4,160,786
Grupo Aeroportuario del Centro Norte
S.A.B. de C.V.
380,048
3,920,701
Grupo Aeroportuario del Pacifico S.A.B.
de C.V., B Shares
471,267
8,305,573
Grupo Aeroportuario del Sureste S.A.B.
de C.V., B Shares
276,279
7,707,948
Grupo Bimbo S.A.B. de C.V., Series A
3,020,713
16,084,841
Grupo Carso S.A.B. de C.V., Series A1
624,302
3,699,424
Grupo Comercial Chedraui SA de CV
630,764
3,255,006
Grupo Elektra S.A.B. de C.V.
81,356
5,323,617
Grupo Financiero Banorte S.A.B. de
C.V., O Shares
3,951,469
31,550,338
Grupo Financiero Inbursa S.A.B. de C.V.,
O Shares *
2,760,438
6,107,449
Grupo Mexico S.A.B. de C.V., Series B
4,343,962
19,204,846
Grupo Televisa S.A.B., Series CPO
3,175,108
3,028,808
Industrias Penoles S.A.B. de C.V. *
169,490
2,583,450
Kimberly-Clark de Mexico S.A.B. de C.V.,
A Shares
1,241,195
2,514,786
Megacable Holdings S.A.B. de C.V.,
Series CPO
426,638
985,016
Operadora de Sites Mexicanos S.A. de
C.V.
1,760,998
1,546,975
Orbia Advance Corp. S.A.B. de C.V.
1,362,077
2,816,464
Prologis Property Mexico SA de CV
761,679
2,556,766
Promotora y Operadora de
Infraestructura S.A.B. de C.V.
300,800
2,893,114
Qualitas Controladora S.A.B. de C.V.
239,295
1,610,010
Regional SAB de C.V.
330,713
2,563,092
Sitios Latinoamerica S.A.B. de C.V. *
2,348,603
970,746
Wal-Mart de Mexico S.A.B. de C.V.
7,079,379
26,797,452
 
268,490,862
 
Philippines 0.8%
Aboitiz Power Corp.
2,184,055
1,446,703
AC Energy Corp. *
10,753,169
1,122,037
Alliance Global Group, Inc.
5,133,323
1,212,035
Ayala Corp.
386,638
4,543,823
Ayala Land, Inc.
10,118,762
4,738,665
Bank of the Philippine Islands
2,709,574
4,822,328
BDO Unibank, Inc.
3,246,639
7,862,231
Bloomberry Resorts Corp. *
4,595,844
841,262
Converge Information and
Communications Technology
Solutions, Inc. *
3,231,806
626,105
DMCI Holdings, Inc.
5,711,029
962,007
Emperador, Inc.
4,370,427
1,642,023
Globe Telecom, Inc.
43,861
1,327,701
GT Capital Holdings, Inc.
131,519
1,208,401
International Container Terminal
Services, Inc.
1,500,176
5,208,944
JG Summit Holdings, Inc.
4,166,168
3,560,827
Jollibee Foods Corp.
553,216
2,320,828
LT Group, Inc.
4,323,750
737,563
Manila Electric Co.
362,579
2,111,171
Megaworld Corp.
15,027,347
545,865
Metro Pacific Investments Corp.
14,633,391
1,133,462
Metropolitan Bank & Trust Co.
2,500,479
2,564,594
Monde Nissin Corp.
9,788,058
1,411,739
PLDT, Inc.
125,707
2,686,047
Puregold Price Club, Inc.
1,331,702
718,493
San Miguel Corp.
504,413
964,636
Semirara Mining & Power Corp.
1,686,383
840,789
  51
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
SM Prime Holdings, Inc.
14,595,941
8,498,705
Universal Robina Corp.
1,207,551
3,023,178
 
68,682,162
 
Qatar 1.1%
Barwa Real Estate Co.
3,046,926
2,148,752
Doha Bank QPSC
3,205,493
1,444,233
Ezdan Holding Group QSC *
2,139,300
679,992
Industries Qatar QSC
2,168,327
7,136,417
Masraf Al Rayan QSC
8,563,663
5,999,269
Mesaieed Petrochemical Holding Co.
5,967,960
3,228,273
Ooredoo QPSC
1,148,551
3,347,837
Qatar Aluminum Manufacturing Co.
3,797,934
1,595,341
Qatar Electricity & Water Co. QSC
640,423
3,008,581
Qatar Fuel QSC
819,473
3,570,561
Qatar Gas Transport Co., Ltd.
3,777,278
4,098,969
Qatar International Islamic Bank QSC
1,619,771
4,445,470
Qatar Islamic Bank SAQ
2,472,199
11,899,156
Qatar National Bank QPSC
6,082,961
26,755,002
Qatar Navigation QSC
761,253
2,133,181
The Commercial Bank PSQC
4,646,490
7,148,446
Vodafone Qatar QSC
2,340,630
1,166,457
 
89,805,937
 
Russia 0.0%
Gazprom PJSC *(a)(c)
127,160
18,630
Sberbank of Russia PJSC *(a)(c)
107,550
3,456
 
22,086
 
Saudi Arabia 4.8%
Abdullah Al Othaim Markets Co.
60,003
2,175,645
ACWA Power Co.
182,656
7,265,723
Advanced Petrochemical Co.
177,570
2,068,841
Al Rajhi Bank
2,682,577
50,564,731
Alinma Bank
1,351,959
11,768,546
Almarai Co. JSC
346,023
5,046,246
Arab National Bank
920,456
6,245,496
Arabian Centers Co., Ltd.
228,409
1,255,677
Arabian Internet & Communications
Services Co.
35,410
2,775,552
Bank AlBilad
676,900
6,713,416
Bank Al-Jazira
549,414
2,569,244
Banque Saudi Fransi
809,632
8,591,062
BinDawood Holding Co.
41,741
751,178
Bupa Arabia for Cooperative Insurance
Co.
97,644
4,373,518
Dallah Healthcare Co.
56,883
2,478,053
Dar Al Arkan Real Estate Development
Co. *
736,284
3,023,028
Dr Sulaiman Al Habib Medical Services
Group Co.
126,518
9,006,160
Elm Co.
34,737
4,156,437
Emaar Economic City *
509,949
1,340,540
Etihad Etisalat Co. *
515,942
5,914,873
Jarir Marketing Co.
813,380
3,816,649
Mobile Telecommunications Co. *
593,350
2,179,898
Mouwasat Medical Services Co.
65,967
3,957,176
Nahdi Medical Co.
53,277
2,417,550
National Industrialization Co., Class C *
449,883
1,760,766
Rabigh Refining & Petrochemical Co. *
604,700
1,773,408
Riyad Bank
2,025,624
17,686,676
SABIC Agri-Nutrients Co.
321,444
10,712,515
Sahara International Petrochemical Co.
499,075
4,736,875
Saudi Airlines Catering Co.
54,768
1,276,187
Saudi Arabian Mining Co. *
1,100,920
18,227,347
Saudi Arabian Oil Co.
4,259,492
35,772,101
SECURITY
NUMBER
OF SHARES
VALUE ($)
Saudi Basic Industries Corp.
1,229,256
28,905,935
Saudi Cement Co.
104,052
1,628,413
Saudi Electricity Co.
1,082,730
6,235,195
Saudi Industrial Investment Group
511,317
3,361,703
Saudi Kayan Petrochemical Co. *
1,009,386
3,433,872
Saudi Research & Media Group *
42,054
2,107,858
Saudi Tadawul Group Holding Co.
65,977
2,817,936
Saudi Telecom Co.
2,456,416
28,324,622
Saudia Dairy & Foodstuff Co.
21,590
1,765,973
Seera Group Holding *
207,830
1,421,254
Southern Province Cement Co.
94,977
1,339,523
The Co. for Cooperative Insurance *
84,614
2,567,205
The Qassim Cement Co.
59,552
1,165,383
The Saudi British Bank
1,379,121
13,604,425
The Saudi Investment Bank
674,212
3,023,421
The Saudi National Bank
3,984,306
39,197,209
The Savola Group
364,944
3,492,985
United Electronics Co.
56,609
1,094,207
Yamama Cement Co.
134,655
1,209,842
Yanbu Cement Co.
102,993
1,125,817
Yanbu National Petrochemical Co.
380,025
4,300,965
 
394,524,857
 
South Africa 3.4%
Absa Group Ltd.
1,144,439
8,884,075
African Rainbow Minerals Ltd.
147,418
1,534,345
Anglo American Platinum Ltd.
77,555
4,444,993
AngloGold Ashanti Ltd.
576,721
14,054,050
Aspen Pharmacare Holdings Ltd.
505,380
4,374,838
AVI Ltd.
463,763
1,455,911
Bid Corp., Ltd.
458,147
9,710,532
Capitec Bank Holdings Ltd.
117,002
7,970,867
Clicks Group Ltd.
334,961
3,963,835
Dis-Chem Pharmacies Ltd.
529,464
586,742
Discovery Ltd. *
727,247
4,860,118
Exxaro Resources Ltd.
335,509
2,712,008
FirstRand Ltd.
6,793,677
20,662,583
Gold Fields Ltd.
1,207,812
18,376,601
Growthpoint Properties Ltd.
4,815,569
2,840,800
Harmony Gold Mining Co., Ltd.
731,660
3,456,289
Impala Platinum Holdings Ltd.
1,116,144
8,920,703
Investec Ltd.
347,243
1,740,749
Kumba Iron Ore Ltd.
73,162
1,600,675
Life Healthcare Group Holdings Ltd.
1,868,159
1,762,926
Momentum Metropolitan Holdings
1,702,370
1,451,841
Mr Price Group Ltd.
357,846
2,240,482
MTN Group Ltd.
2,471,737
15,213,664
MultiChoice Group
411,511
2,036,763
Naspers Ltd., N Shares
263,591
39,597,211
Nedbank Group Ltd.
574,344
6,033,492
NEPI Rockcastle N.V.
848,586
4,823,553
Netcare Ltd.
1,969,065
1,363,304
Northam Platinum Holdings Ltd. *
511,786
4,192,171
Old Mutual Ltd.
6,225,044
3,351,856
OUTsurance Group Ltd.
1,148,626
1,834,556
Pepkor Holdings Ltd.
2,855,213
2,033,031
Pick n Pay Stores Ltd. (b)
467,984
746,980
Redefine Properties Ltd. (b)
8,825,338
1,389,519
Reinet Investments SCA
187,163
3,683,521
Remgro Ltd.
665,299
4,405,502
Royal Bafokeng Platinum Ltd.
98,175
673,780
Sanlam Ltd.
2,400,632
6,287,406
Santam Ltd.
58,436
768,187
Sappi Ltd.
793,338
1,747,115
Sasol Ltd.
769,830
8,974,762
Shoprite Holdings Ltd.
670,190
6,601,708
Sibanye Stillwater Ltd.
3,796,654
6,707,669
Standard Bank Group Ltd.
1,825,137
13,957,296
52  
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
The Bidvest Group Ltd.
462,258
5,547,679
The Foschini Group Ltd.
441,591
1,867,869
Tiger Brands Ltd.
225,119
1,707,911
Transaction Capital Ltd.
807,772
280,858
Vodacom Group Ltd.
814,260
4,535,161
Woolworths Holdings Ltd.
1,229,479
3,691,617
 
281,660,104
 
Switzerland 0.0%
Wuxi Autowell Technology Co., Ltd.,
Class A
17,590
434,184
 
Taiwan 17.8%
Accton Technology Corp.
745,000
8,558,620
Acer, Inc.
3,905,086
3,920,654
Advanced Energy Solution Holding Co.,
Ltd.
32,000
739,403
Advantech Co., Ltd.
563,619
7,465,395
Airtac International Group
217,920
7,035,282
ASE Technology Holding Co., Ltd.
4,653,120
16,884,643
Asia Cement Corp.
3,422,286
4,894,947
ASMedia Technology, Inc.
52,445
2,005,463
ASPEED Technology, Inc.
40,800
3,824,066
Asustek Computer, Inc.
960,621
9,535,088
AUO Corp.
9,761,224
5,591,003
Capital Securities Corp.
2,783,644
1,259,219
Catcher Technology Co., Ltd.
928,224
5,603,630
Cathay Financial Holding Co., Ltd.
12,669,905
18,266,269
Chailease Holding Co., Ltd.
1,906,627
12,565,030
Chang Hwa Commercial Bank Ltd.
9,110,705
5,337,001
Cheng Shin Rubber Industry Co., Ltd.
2,604,277
3,305,404
Chicony Electronics Co., Ltd.
807,118
2,784,298
China Airlines Ltd.
3,969,872
2,868,153
China Development Financial Holding
Corp.
21,338,308
8,819,348
China Motor Corp.
360,600
1,124,253
China Steel Corp.
17,021,956
16,064,982
Chunghwa Telecom Co., Ltd.
5,244,310
21,504,615
Compal Electronics, Inc.
5,768,535
5,228,336
CTBC Financial Holding Co., Ltd.
24,992,792
19,764,864
Delta Electronics, Inc.
2,966,148
30,551,976
E Ink Holdings, Inc.
1,230,000
8,286,063
E.Sun Financial Holding Co., Ltd.
19,522,128
16,455,068
Eclat Textile Co., Ltd.
274,510
4,189,901
eMemory Technology, Inc.
94,000
5,628,834
ENNOSTAR, Inc.
896,914
1,494,492
Eternal Materials Co., Ltd.
1,308,352
1,396,597
Eva Airways Corp.
3,546,374
3,918,295
Evergreen Marine Corp., Ltd.
1,389,088
6,916,621
Far Eastern International Bank
3,055,873
1,113,848
Far Eastern New Century Corp.
5,426,799
5,704,519
Far EasTone Telecommunications Co.,
Ltd.
2,149,509
5,365,465
Feng TAY Enterprise Co., Ltd.
619,584
3,851,291
First Financial Holding Co., Ltd.
14,466,587
13,229,553
Formosa Chemicals & Fibre Corp.
4,668,008
10,391,075
Formosa Petrochemical Corp.
1,923,660
5,396,452
Formosa Plastics Corp.
5,089,560
15,586,286
Formosa Sumco Technology Corp.
81,000
437,588
Formosa Taffeta Co., Ltd.
1,394,132
1,265,846
Foxconn Technology Co., Ltd.
1,537,355
2,716,732
Fubon Financial Holding Co., Ltd.
10,072,393
19,930,079
Genius Electronic Optical Co., Ltd.
121,000
1,606,639
Giant Manufacturing Co., Ltd.
420,096
2,816,362
Globalwafers Co., Ltd.
292,451
4,796,853
Hiwin Technologies Corp.
401,445
3,128,991
Hon Hai Precision Industry Co., Ltd.
16,408,092
56,869,638
SECURITY
NUMBER
OF SHARES
VALUE ($)
Hotai Motor Co., Ltd.
445,000
11,658,124
HTC Corp. *
989,778
1,990,669
Hua Nan Financial Holdings Co., Ltd.,
Class C
13,848,415
10,027,735
Innolux Corp.
11,400,381
5,157,116
Inventec Corp.
4,189,043
5,023,716
Largan Precision Co., Ltd.
139,456
10,279,647
Lite-On Technology Corp.
2,946,866
8,535,386
MediaTek, Inc.
2,040,713
50,407,653
Mega Financial Holding Co., Ltd.
15,259,973
17,779,091
Micro-Star International Co., Ltd.
928,095
5,013,873
momo.com, Inc.
79,080
1,798,940
Nan Ya Plastics Corp.
7,700,816
19,472,896
Nan Ya Printed Circuit Board Corp.
292,000
2,879,375
Nanya Technology Corp.
1,157,000
2,767,537
Nien Made Enterprise Co., Ltd.
193,752
2,222,686
Novatek Microelectronics Corp.
779,608
10,795,646
Oneness Biotech Co., Ltd. *
410,000
3,075,584
Parade Technologies Ltd.
98,100
3,256,432
Pegatron Corp.
2,845,657
6,973,492
Pou Chen Corp.
3,676,792
3,787,177
Powerchip Semiconductor
Manufacturing Corp.
3,901,000
3,922,900
Powertech Technology, Inc.
950,000
3,088,601
President Chain Store Corp.
777,400
7,071,298
Quanta Computer, Inc.
3,691,057
13,994,244
Realtek Semiconductor Corp.
648,336
8,060,023
Ruentex Development Co., Ltd.
3,250,500
3,691,887
Shin Kong Financial Holding Co., Ltd.
18,804,672
5,275,283
Silergy Corp.
452,000
5,891,335
Sino-American Silicon Products, Inc.
741,000
3,834,318
SinoPac Financial Holdings Co., Ltd.
15,679,535
8,827,791
Synnex Technology International Corp.
1,855,956
3,859,591
Taishin Financial Holding Co., Ltd.
15,751,478
9,406,545
Taiwan Business Bank
7,326,049
3,361,721
Taiwan Cement Corp.
8,711,872
10,745,422
Taiwan Cooperative Financial Holding
Co., Ltd.
13,909,199
12,651,928
Taiwan Fertilizer Co., Ltd.
977,508
1,927,817
Taiwan Glass Industry Corp.
2,292,311
1,368,934
Taiwan High Speed Rail Corp.
2,848,000
3,016,920
Taiwan Mobile Co., Ltd.
2,337,524
7,873,525
Taiwan Secom Co., Ltd.
387,000
1,479,863
Taiwan Semiconductor Manufacturing
Co., Ltd.
32,988,500
599,058,921
Teco Electric & Machinery Co., Ltd.
2,646,000
4,408,924
The Shanghai Commercial & Savings
Bank Ltd.
5,154,151
7,573,344
Transcend Information, Inc.
428,000
1,072,525
U-Ming Marine Transport Corp.
572,000
900,978
Unimicron Technology Corp.
1,715,348
10,076,326
Uni-President Enterprises Corp.
6,683,676
16,161,325
United Microelectronics Corp. *
16,037,850
27,036,389
Vanguard International Semiconductor
Corp.
1,255,000
3,794,305
Voltronic Power Technology Corp.
89,000
5,619,071
Walsin Lihwa Corp.
4,723,814
7,102,439
Walsin Technology Corp.
660,000
2,233,830
Wan Hai Lines Ltd.
1,280,910
2,417,794
Win Semiconductors Corp.
557,000
2,891,270
Winbond Electronics Corp.
4,027,000
3,492,622
Wistron Corp.
3,984,080
8,648,219
Wiwynn Corp.
117,000
4,416,890
Yageo Corp.
534,167
8,831,074
Yang Ming Marine Transport Corp.
2,409,000
4,766,649
Yuanta Financial Holding Co., Ltd.
16,365,949
12,702,885
  53
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Yulon Motor Co., Ltd.
773,114
2,204,045
Zhen Ding Technology Holding Ltd.
876,000
3,307,005
 
1,468,964,581
 
Thailand 2.6%
Advanced Info Service PCL NVDR
1,528,000
9,264,598
Airports of Thailand PCL NVDR *
5,914,600
12,024,654
Asset World Corp. PCL NVDR
9,850,600
1,392,671
B Grimm Power PCL NVDR
990,200
1,067,026
Bangkok Bank PCL NVDR
930,000
4,356,035
Bangkok Dusit Medical Services PCL
NVDR
12,213,000
9,914,289
Bangkok Expressway & Metro PCL,
NVDR
10,870,290
2,514,535
Bangkok Life Assurance PCL NVDR
742,300
575,922
Banpu PCL NVDR
10,992,933
2,606,083
Berli Jucker PCL NVDR
1,432,750
1,492,448
BTS Group Holdings PCL NVDR
11,605,200
2,367,728
Bumrungrad Hospital PCL NVDR
777,300
4,980,974
Carabao Group PCL NVDR
457,200
873,672
Central Pattana PCL NVDR
3,824,200
7,417,629
Central Retail Corp. PCL NVDR
3,793,400
4,578,241
Charoen Pokphand Foods PCL NVDR
6,332,000
3,657,276
CP ALL PCL NVDR
8,121,100
14,877,015
Delta Electronics Thailand PCL NVDR
3,796,310
10,799,847
Digital Telecommunications
Infrastructure Fund, Class F
7,653,800
2,705,222
Electricity Generating PCL NVDR
353,700
1,468,668
Energy Absolute PCL NVDR
2,281,151
4,260,771
Global Power Synergy PCL NVDR
943,568
1,586,170
Gulf Energy Development PCL NVDR
5,742,859
8,044,953
Home Product Center PCL NVDR
7,762,919
3,078,399
Indorama Ventures PCL NVDR
2,463,400
2,247,499
Intouch Holdings PCL NVDR
1,202,509
2,582,976
IRPC PCL NVDR
15,865,300
1,012,097
Kasikornbank PCL NVDR
2,088,469
7,771,745
Krung Thai Bank PCL NVDR
8,588,800
4,689,287
Krungthai Card PCL NVDR
1,768,100
2,591,181
Land & Houses PCL NVDR
11,270,500
2,752,852
Minor International PCL NVDR
5,191,880
5,035,228
Muangthai Capital PCL NVDR
954,715
1,131,667
Osotspa PCL NVDR
1,864,463
1,553,719
PTT Exploration & Production PCL
NVDR
1,921,104
7,700,977
PTT Global Chemical PCL NVDR
2,709,914
2,744,956
PTT Oil & Retail Business PCL NVDR
4,005,300
2,301,897
PTT PCL NVDR
19,661,800
16,949,828
Ratch Group PCL NVDR
1,446,350
1,506,615
SCB X PCL NVDR
2,337,500
6,952,047
SCG Packaging PCL NVDR
1,754,200
1,978,516
Siam City Cement PCL NVDR
106,100
402,448
Siam Makro PCL NVDR
2,164,703
2,519,266
Sri Trang Gloves Thailand PCL NVDR
1,178,200
311,478
Srisawad Corp. PCL NVDR
832,700
1,333,995
Thai Life Insurance PCL
3,449,900
1,229,275
Thai Oil PCL NVDR
1,495,426
1,858,540
Thai Union Group PCL NVDR
3,768,800
1,591,993
The Siam Cement PCL NVDR
998,700
9,154,750
TMBThanachart Bank PCL NVDR
59,273,718
2,691,163
True Corp. PCL, NVDR
14,358,770
2,826,367
 
211,327,188
 
Turkey 1.1%
AG Anadolu Grubu Holding A/S
181,451
838,495
Akbank T.A.S.
4,203,663
3,208,787
Aksa Akrilik Kimya Sanayii A/S
160,213
494,213
Aksa Enerji Uretim A/S
402,625
662,134
SECURITY
NUMBER
OF SHARES
VALUE ($)
Alarko Holding A/S
181,918
595,444
Anadolu Efes Biracilik Ve Malt Sanayii
A/S
274,351
771,410
Arcelik A/S *
146,895
683,422
Aselsan Elektronik Sanayi Ve Ticaret A/S
806,923
1,851,747
Aygaz A/S
74,046
231,989
Bera Holding A/S
977,365
475,019
BIM Birlesik Magazalar A/S
605,619
4,125,480
Borusan Mannesmann Boru Sanayi ve
Ticaret A/S *
56,410
493,277
Borusan Yatirim ve Pazarlama A/S
6,781
294,844
Can2 Termik A/S *
258,156
268,399
Cimsa Cimento Sanayi VE Ticaret A/S
74,607
389,638
Coca-Cola Icecek A/S
93,854
1,048,780
Dogan Sirketler Grubu Holding A/S
1,385,730
557,673
Dogus Otomotiv Servis ve Ticaret A/S
83,327
575,273
Eczacibasi Yatirim Holding Ortakligi A/S
37,019
236,435
EGE Endustri VE Ticaret A/S
1,579
355,274
EIS Eczacibasi Ilac ve Sinai ve Finansal
Yatirimlar Sanayi ve Ticaret A/S
232,078
310,353
Emlak Konut Gayrimenkul Yatirim
Ortakligi AS
2,544,654
874,086
Enerjisa Enerji A/S
287,529
430,625
Enka Insaat ve Sanayi A/S
2,493,345
3,115,063
Eregli Demir ve Celik Fabrikalari T.A.S. *
1,858,126
2,966,000
Ford Otomotiv Sanayi A/S
85,161
2,358,320
Galata Wind Enerji A/S
373,475
315,578
GEN Ilac VE Saglik Urunleri Sanayi VE
Ticaret A/S
145,646
282,584
Girisim Elektrik Taahhut Ticaret Ve
Sanayi A/S *
168,600
487,911
Gubre Fabrikalari TAS *
112,363
1,405,979
Haci Omer Sabanci Holding A/S
1,503,679
2,804,131
Hektas Ticaret TAS *
1,602,070
2,156,346
Investco Holding A/S *
55,667
592,472
Is Gayrimenkul Yatirim Ortakligi A/S *
612,630
263,417
Is Yatirim Menkul Degerler A/S, Class A
168,957
395,400
Iskenderun Demir ve Celik A/S *
183,120
295,133
Kardemir Karabuk Demir Celik Sanayi ve
Ticaret A/S, Class A
228,934
198,090
Kardemir Karabuk Demir Celik Sanayi ve
Ticaret A/S, Class D
1,209,501
1,026,677
Karsan Otomotiv Sanayii Ve Ticaret
A/S *
504,548
210,119
Kerevitas Gida Sanayi ve Ticaret A/S *
450,630
178,304
Kimteks Poliuretan Sanayi VE Ticaret
A/S
47,046
186,377
KOC Holding A/S
1,175,731
4,476,000
Kontrolmatik Enerji Ve Muhendislik A/S
117,934
814,762
Konya Cimento Sanayii A/S *
1,375
216,439
Kordsa Teknik Tekstil A/S
72,745
231,252
Koza Altin Isletmeleri A/S
1,330,698
1,479,928
Koza Anadolu Metal Madencilik
Isletmeleri A/S *
259,403
565,207
Margun Enerji Uretim Sanayi VE Ticaret
A/S
162,294
273,799
Mavi Giyim Sanayi Ve Ticaret A/S,
Class B
230,742
601,972
Migros Ticaret A/S
128,794
1,073,348
MLP Saglik Hizmetleri A/S *
118,560
383,768
Nuh Cimento Sanayi A/S
77,504
475,162
ODAS Elektrik Uretim ve Sanayi Ticaret
A/S *
1,671,753
534,670
Otokar Otomotiv Ve Savunma Sanayi
A.S. *
49,780
401,631
Oyak Cimento Fabrikalari A/S *
407,444
813,756
Oyak Yatirim Menkul Degerler A/S
157,677
277,437
Pegasus Hava Tasimaciligi A/S *
57,121
1,266,121
54  
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Penta Teknoloji Urunleri Dagitim Ticaret
A/S *
282,591
213,663
Petkim Petrokimya Holding A/S *
1,756,992
1,187,527
Qua Granite Hayal *
98,074
398,005
Sarkuysan Elektrolitik Bakir Sanayi ve
Ticaret A/S
402,178
602,721
Sasa Polyester Sanayi *
1,068,993
2,788,846
Selcuk Ecza Deposu Ticaret Ve Sanayi
A/S
205,377
332,592
Smart Gunes Enerjisi Teknolojileri ArGE
Uretim Sanayi ve Ticaret A/S *
107,869
398,931
Sok Marketler Ticaret A/S *
358,759
471,441
TAV Havalimanlari Holding AS *
228,789
858,287
Tekfen Holding AS
241,924
348,298
Tofas Turk Otomobil Fabrikasi A/S
171,534
1,777,597
Tukas Gida Sanayi ve Ticaret A/S *
339,961
229,611
Turk Hava Yollari AO *
763,200
5,302,164
Turk Telekomunikasyon A/S *
706,538
547,173
Turk Traktor ve Ziraat Makineleri A/S
18,943
605,297
Turkcell Iletisim Hizmetleri A/S
1,648,810
2,668,525
Turkiye Garanti Bankasi A/S
791,115
1,023,543
Turkiye Halk Bankasi A/S *
859,297
525,988
Turkiye Is Bankasi A/S, Class C
4,328,749
2,331,810
Turkiye Petrol Rafinerileri A/S
1,217,335
3,940,404
Turkiye Sinai Kalkinma Bankasi A/S *
1,728,742
342,429
Turkiye Sise ve Cam Fabrikalari A/S
2,009,052
3,917,403
Turkiye Vakiflar Bankasi T.A.O., Class D *
1,416,739
642,020
Ulker Biskuvi Sanayi A/S *
238,526
389,501
Vestel Beyaz Esya Sanayi ve Ticaret A/S
517,963
274,762
Vestel Elektronik Sanayi ve Ticaret A/S *
194,032
421,084
Yapi ve Kredi Bankasi A/S
3,673,055
1,810,020
Ziraat Gayrimenkul Yatirim Ortakligi A/S
1,252,327
269,236
 
87,514,828
 
United Arab Emirates 1.7%
Abu Dhabi Commercial Bank PJSC
4,020,450
8,745,820
Abu Dhabi Islamic Bank PJSC
1,996,639
5,435,990
Abu Dhabi National Oil Co. for
Distribution PJSC
3,995,061
4,503,009
Abu Dhabi Ports Co. PJSC *
1,190,279
2,125,845
ADNOC Drilling Co. PJSC
2,311,079
2,284,023
Air Arabia PJSC
3,220,395
1,981,512
AL Seer Marine Supplies & Equipment
Co. LLC *
260,597
537,796
Aldar Properties PJSC
4,857,606
6,744,838
Alpha Dhabi Holding PJSC *
1,840,185
9,458,942
Americana Restaurants International plc
3,946,558
4,448,339
Apex Investment Co. PSC *
718,121
359,745
Aramex PJSC
1,043,651
829,693
Borouge plc
2,438,541
1,719,527
Dana Gas PJSC
4,853,859
1,084,949
Dubai Electricity & Water Authority PJSC
7,462,746
5,038,827
Dubai Financial Market PJSC
2,249,111
887,888
Dubai Investments PJSC
2,819,197
1,688,601
Dubai Islamic Bank PJSC
3,928,861
5,626,411
Emaar Development PJSC
1,170,350
1,653,721
Emaar Properties PJSC
9,233,416
15,460,253
Emirates Telecommunications Group Co.
PJSC
4,756,889
29,890,824
Fertiglobe plc
1,579,376
1,414,687
First Abu Dhabi Bank PJSC
6,039,657
20,883,105
Ghitha Holding PJSC *
56,518
635,500
Multiply Group *
4,673,913
4,211,993
National Marine Dredging Co. *
280,286
1,457,518
SECURITY
NUMBER
OF SHARES
VALUE ($)
Q Holding PJSC *
2,823,542
1,752,702
Salik Co. PJSC
2,531,541
2,040,120
 
142,902,178
Total Common Stocks
(Cost $7,228,338,461)
8,077,632,165
 
PREFERRED STOCKS 1.8% OF NET ASSETS
 
Brazil 1.6%
Alpargatas S.A. *
311,688
635,316
Banco Bradesco S.A.
7,085,697
21,456,717
Bradespar S.A.
384,796
1,599,466
Braskem S.A., A Shares *
261,751
1,147,802
Centrais Eletricas Brasileiras S.A.,
B Shares
374,660
2,882,056
Cia Energetica de Minas Gerais
1,812,777
4,140,942
Cia Paranaense de Energia, B Shares
1,722,417
2,495,233
CTEEP-Cia de Transmissao de Energia
Eletrica Paulista
315,963
1,505,203
Gerdau S.A.
1,486,767
6,957,927
Itau Unibanco Holding S.A.
6,633,404
34,100,144
Itausa S.A.
7,138,873
12,237,511
Metalurgica Gerdau S.A.
943,381
2,064,722
Petroleo Brasileiro S.A.
7,668,169
39,105,132
Unipar Carbocloro S.A., B Shares
65,975
880,929
Usinas Siderurgicas de Minas Gerais
S.A. Usiminas, A Shares
525,693
720,507
 
131,929,607
 
Chile 0.2%
Embotelladora Andina S.A., B Shares
508,856
1,293,646
Sociedad Quimica y Minera de Chile
S.A., B Shares
186,034
11,926,501
 
13,220,147
 
Colombia 0.0%
Grupo Aval Acciones y Valores S.A.
6,047,816
656,576
Grupo de Inversiones Suramericana
S.A. (a)
124,437
316,626
 
973,202
Total Preferred Stocks
(Cost $155,977,749)
146,122,956
 
 
 
 
SHORT-TERM INVESTMENTS 0.8% OF NET ASSETS
 
Money Market Funds 0.8%
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 5.02% (d)
47,832,307
47,832,307
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 5.02% (d)(e)
17,032,825
17,032,825
 
64,865,132
Total Short-Term Investments
(Cost $64,865,132)
64,865,132
Total Investments in Securities
(Cost $7,449,181,342)
8,288,620,253
 
  55
Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
DEPRECIATION
($)
FUTURES CONTRACTS
Long
MSCI Emerging Markets Index,
expires 06/16/23
520
24,876,800
(589,747
)
 
*
Non-income producing security.
(a)
Fair valued using significant unobservable inputs (see Notes for additional
information).
(b)
All or a portion of this security is on loan. Securities on loan were valued at
$15,272,962.
(c)
Trading in Russian securities listed on the Moscow Exchange, Russian ADRs,
and Russian GDRs are subject to trade restrictions; and therefore, the ability of
the fund to buy these securities is currently not permitted, and the ability of the
fund to sell these securities is uncertain.
(d)
The rate shown is the annualized 7-day yield.
(e)
Security purchased with cash collateral received for securities on loan.
 
ADR —
American Depositary Receipt
DVR —
Differential Voting Rights
GDR —
Global Depositary Receipt
NVDR —
Non-Voting Depositary Receipt
REIT —
Real Estate Investment Trust
 
The following is a summary of the inputs used to value the fund’s investments as of May 31, 2023:  
DESCRIPTION
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
TOTAL
Assets
Common Stocks1
$3,541,708,071
$—
$—
$3,541,708,071
Brazil
367,451,615
—
99,555
367,551,170
China
2,669,900,765
—
943,651
*
2,670,844,416
Greece
47,472,647
—
0
*
47,472,647
Hong Kong
—
—
0
*
0
India
1,449,024,356
—
1,009,419
1,450,033,775
Russia
—
—
22,086
22,086
Preferred Stocks1
145,149,754
—
—
145,149,754
Colombia
656,576
—
316,626
973,202
Short-Term Investments1
64,865,132
—
—
64,865,132
Liabilities
Futures Contracts2
(589,747
)
—
—
(589,747
)
Total
$8,285,639,169
$—
$2,391,337
$8,288,030,506
 
*
Level 3 amount shown includes securities determined to have no value at May 31, 2023.
1
As categorized in the Portfolio Holdings.
2
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
Fund investments in mutual funds are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds, which could be Level 1, Level 2 or Level 3.
56  
Schwab International Equity ETFs
Notes to Portfolio Holdings (Unaudited)
Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the 1940 Act), the Board of Trustees (the Board) has designated authority to a Valuation Designee, the funds’ investment adviser, to make fair valuation determinations under adopted procedures, subject to Board oversight. The investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and liabilities as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.
Securities held in the funds’ portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee 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 the mean of 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.
• Futures contracts: Futures contracts are valued at their settlement prices as of the close of their exchanges.
• Mutual funds: Mutual funds are valued at their respective net asset values (NAVs).
• Securities for which no quoted value is available: The Valuation Designee has adopted procedures to fair value a fund’s securities when market prices are not “readily available” or are unreliable. For example, a security may be fair valued when it’s 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. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods 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. 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.
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 funds disclose the fair value of their investments in a hierarchy that prioritizes the significant inputs to valuation methods 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 it is determined 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 the Valuation Designee’s 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 investments - Investments whose values are based on quoted market prices in active markets. These generally include active listed equities, mutual funds, exchange-traded funds (ETFs) and futures contracts.  Mutual funds and ETFs are classified as Level 1 prices, without consideration to the classification level of the underlying securities held.
• 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.
• Level 3 — significant unobservable inputs (including the Valuation Designee’s 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 readily available for these securities, one or more valuation methods are used for which sufficient and reliable data is available. The inputs used 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 in the absence of market information.  Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore a fund’s results of operations.
  57
Schwab International Equity ETFs
Notes to Portfolio Holdings (Unaudited) (continued)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
REG89451MAY23
58