Schwab Strategic Trust
Schwab International Dividend Equity ETF
Portfolio Holdings as of May 31, 2026 (Unaudited)
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 98.9% OF NET ASSETS
 
Australia 11.0%
BHP Group Ltd.
2,306,463
103,403,458
Insurance Australia Group Ltd.
648,332
3,573,198
Medibank Pvt Ltd.
796,976
2,752,436
QBE Insurance Group Ltd.
422,071
6,875,317
Suncorp Group Ltd.
298,510
3,732,841
Telstra Group Ltd.
8,669,583
32,498,757
Wesfarmers Ltd.
1,686,426
96,815,875
 
249,651,882
 
Brazil 1.1%
Ambev SA
4,214,163
13,596,762
BB Seguridade Participacoes SA
186,455
1,304,912
Klabin SA
1,367,456
4,506,641
Porto Seguro SA
47,153
450,350
TIM SA
1,112,320
4,815,905
 
24,674,570
 
Canada 3.1%
BCE, Inc.
672,552
16,980,406
Great-West Lifeco, Inc.
73,867
4,315,499
iA Financial Corp., Inc.
25,831
3,222,992
Manulife Financial Corp.
471,789
18,059,188
Quebecor, Inc., Class B
333,750
16,208,395
Sun Life Financial, Inc.
155,418
11,178,408
 
69,964,888
 
China 1.3%
China Construction Bank Corp.,
H Shares
27,604,672
29,903,242
 
Denmark 0.1%
Tryg AS
92,366
2,174,913
 
Finland 2.8%
Elisa OYJ
314,423
15,087,578
Kesko OYJ, B Shares
270,568
6,561,061
Kone OYJ, B Shares
699,800
41,860,524
 
63,509,163
 
France 13.7%
AXA SA
465,766
21,594,267
Cie Generale des Etablissements
Michelin SCA (a)
1,510,855
55,555,020
Publicis Groupe SA
497,419
48,607,965
TotalEnergies SE
1,166,847
102,368,975
Vinci SA
581,226
84,816,598
 
312,942,825
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
Germany 9.6%
Allianz SE
217,156
96,701,301
Deutsche Post AG
1,622,665
96,950,700
Hannover Rueck SE
16,997
4,609,571
Muenchener
Rueckversicherungs-Gesellschaft AG
in Muenchen
36,605
19,320,534
 
217,582,106
 
Hong Kong 0.3%
BOC Hong Kong Holdings Ltd.
1,013,202
6,197,579
 
India 4.3%
HCL Technologies Ltd.
1,481,839
18,465,274
Hero MotoCorp Ltd.
185,681
9,583,094
Infosys Ltd.
4,957,913
60,585,697
ITC Ltd.
3,012,105
9,096,557
 
97,730,622
 
Indonesia 0.2%
Bank Central Asia Tbk. PT
15,437,625
4,924,144
 
Italy 9.1%
Enel SpA
8,146,033
91,495,350
Eni SpA
3,908,244
102,753,111
Generali
293,769
13,270,316
 
207,518,777
 
Japan 2.5%
Daito Trust Construction Co. Ltd.
673,512
13,420,316
Japan Tobacco, Inc.
1,095,126
42,425,039
Zenkoku Hosho Co. Ltd.
27,074
504,608
 
56,349,963
 
Kuwait 0.3%
Mobile Telecommunications Co. KSCP
3,464,696
6,696,471
 
Malaysia 0.3%
Telekom Malaysia Bhd.
3,400,100
6,345,710
 
Mexico 0.7%
Arca Continental SAB de CV
492,856
6,398,535
Coca-Cola Femsa SAB de CV
526,495
5,689,720
Kimberly-Clark de Mexico SAB de CV,
A Shares
1,375,369
3,045,633
 
15,133,888
 
  
1

Schwab International Dividend Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Netherlands 4.9%
Koninklijke Ahold Delhaize NV
888,278
37,492,943
Koninklijke KPN NV
8,423,529
43,900,040
Wolters Kluwer NV
415,825
29,609,762
 
111,002,745
 
New Zealand 0.2%
Spark New Zealand Ltd.
4,172,955
4,896,761
 
Norway 1.4%
DNB Bank ASA
239,925
7,466,481
Gjensidige Forsikring ASA
51,224
1,416,603
Telenor ASA
1,384,595
22,653,792
 
31,536,876
 
Qatar 0.6%
Industries Qatar QSC
2,598,515
8,778,285
Ooredoo QPSC
1,316,705
4,845,879
 
13,624,164
 
Republic of Korea 0.1%
Cheil Worldwide, Inc.
164,709
2,017,603
 
Russia 0.0%
Severstal PAO *(b)(c)
708
0
 
Saudi Arabia 2.1%
Arab National Bank
38,333
216,559
Jarir Marketing Co.
840,623
3,532,651
SABIC Agri-Nutrients Co.
324,449
11,991,973
Saudi Telecom Co.
2,670,959
31,346,009
 
47,087,192
 
Singapore 4.1%
DBS Group Holdings Ltd.
565,096
27,843,833
Genting Singapore Ltd.
12,505,868
5,883,499
Jardine Cycle & Carriage Ltd.
105,896
2,457,774
Singapore Exchange Ltd.
227,269
3,899,044
Singapore Telecommunications Ltd.
15,598,434
53,081,275
 
93,165,425
 
South Africa 1.2%
Bidvest Group Ltd.
483,717
6,980,774
Nedbank Group Ltd.
126,932
2,032,232
OUTsurance Group Ltd.
231,887
1,014,455
Sanlam Ltd.
441,502
2,337,942
Standard Bank Group Ltd.
367,564
7,135,623
Vodacom Group Ltd.
848,008
7,971,069
 
27,472,095
 
Spain 2.4%
Endesa SA
699,318
29,264,231
Mapfre SA (a)
250,108
1,173,875
Naturgy Energy Group SA
766,687
25,534,313
 
55,972,419
 
Switzerland 7.4%
Kuehne & Nagel International AG
95,085
21,947,373
Roche Holding AG
197,473
83,225,007
SECURITY
NUMBER
OF SHARES
VALUE ($)
SGS SA
297,733
33,867,676
Zurich Insurance Group AG
43,012
30,661,911
 
169,701,967
 
Taiwan 0.1%
Poya International Co. Ltd.
107,000
1,964,055
Tung Ho Steel Enterprise Corp.
712,000
1,536,486
 
3,500,541
 
Thailand 1.5%
Advanced Info Service PCL NVDR
1,502,300
16,294,727
Central Pattana PCL NVDR
1,890,700
3,747,124
Kasikornbank PCL NVDR
324,300
2,002,898
Krung Thai Bank PCL NVDR
1,044,200
1,114,947
PTT Exploration & Production PCL
NVDR
1,949,300
8,475,217
SCB X PCL NVDR
240,800
995,164
Tisco Financial Group PCL NVDR
107,696
373,933
TMBThanachart Bank PCL NVDR
13,092,500
917,219
 
33,921,229
 
United Arab Emirates 0.2%
Abu Dhabi Islamic Bank PJSC
419,922
2,339,220
Dubai Islamic Bank PJSC
795,657
1,603,077
 
3,942,297
 
United Kingdom 12.3%
Admiral Group PLC
76,935
3,418,103
British American Tobacco PLC
1,499,243
92,779,765
GSK PLC
3,208,677
81,377,468
Imperial Brands PLC
742,282
26,975,081
Unilever PLC
1,326,985
75,224,203
 
279,774,620
Total Common Stocks
(Cost $1,928,123,471)
2,248,916,677
PREFERRED STOCKS 0.5% OF NET ASSETS
 
Brazil 0.5%
Cia Energetica de Minas Gerais
2,697,234
5,737,661
Itausa SA
1,609,082
4,110,027
 
9,847,688
 
Russia 0.0%
Sberbank of Russia PJSC *(b)(c)
69,290
0
Total Preferred Stocks
(Cost $10,547,098)
9,847,688
2
  

Schwab International Dividend Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
SHORT-TERM INVESTMENTS 2.3% OF NET ASSETS
 
Money Market Funds 2.3%
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 3.56% (d)
1,780,683
1,780,683
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 3.56% (d)(e)
51,266,430
51,266,430
 
53,047,113
Total Short-Term Investments
(Cost $53,047,113)
53,047,113
Total Investments in Securities
(Cost $1,991,717,682)
2,311,811,478
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
APPRECIATION
($)
FUTURES CONTRACTS
Long
MSCI EAFE Index, expires
06/19/26
90
14,000,850
87,591
MSCI Emerging Markets Index,
expires 06/19/26
13
1,136,525
28,614
 
116,205
*
Non-income producing security.
(a)
All or a portion of this security is on loan.
(b)
Fair valued using significant unobservable inputs.
(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.
Securities on loan were valued at $49,689,464.
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, 2026:
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
$2,248,916,677
$
$
$2,248,916,677
Russia
0
*
0
Preferred Stocks1
9,847,688
9,847,688
Russia
0
*
0
Short-Term Investments1
53,047,113
53,047,113
Futures Contracts2
116,205
116,205
Total
$2,311,927,683
$—
$0
$2,311,927,683
*
Level 3 amount shown includes securities determined to have no value.
1
As categorized in the Portfolio Holdings.
2
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
  
3

Schwab Strategic Trust
Schwab International Equity ETF
Portfolio Holdings as of May 31, 2026 (Unaudited)
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 98.7% OF NET ASSETS
 
Australia 5.6%
a2 Milk Co. Ltd.
1,546,188
5,974,030
AGL Energy Ltd.
1,434,906
8,837,472
ALS Ltd.
1,082,392
18,371,446
AMP Ltd.
5,859,302
6,724,150
Ampol Ltd.
550,540
13,293,571
Ansell Ltd.
314,368
6,299,330
ANZ Group Holdings Ltd.
6,740,537
170,713,544
APA Group
2,944,722
21,356,774
Aristocrat Leisure Ltd.
1,210,645
43,640,062
ASX Ltd.
419,920
13,967,583
Atlas Arteria Ltd.
2,431,288
8,624,107
Aurizon Holdings Ltd.
3,740,670
11,277,017
Bank of Queensland Ltd.
1,547,634
6,970,652
Beach Energy Ltd.
3,672,386
2,853,664
Bendigo & Adelaide Bank Ltd.
1,329,943
9,894,284
BHP Group Ltd.
10,922,367
489,672,072
BlueScope Steel Ltd.
944,256
21,550,321
Brambles Ltd.
3,053,345
36,402,332
CAR Group Ltd.
802,099
14,335,419
Challenger Ltd.
1,192,867
7,604,253
Charter Hall Group
1,056,650
15,494,093
Cleanaway Waste Management Ltd.
4,685,648
7,720,332
Cochlear Ltd.
157,376
11,379,820
Coles Group Ltd.
2,978,589
46,548,021
Commonwealth Bank of Australia
3,716,530
441,270,652
Computershare Ltd.
1,179,092
29,344,659
CSL Ltd.
1,076,371
74,819,515
Deterra Royalties Ltd.
881,604
2,854,414
Dexus
2,308,492
9,317,986
Domino's Pizza Enterprises Ltd.
140,025
1,812,456
Downer EDI Ltd.
1,426,583
8,344,848
Dyno Nobel Ltd.
4,001,204
10,824,538
Endeavour Group Ltd. (a)
3,434,599
7,117,039
Evolution Mining Ltd.
4,435,220
38,740,451
Flight Centre Travel Group Ltd. (a)
424,730
3,340,134
Fortescue Ltd.
3,504,363
56,252,195
Genesis Minerals Ltd. *
2,280,154
9,613,745
Goodman Group
4,418,502
100,682,488
GPT Group
4,226,302
14,747,999
GQG Partners, Inc., Class A, CDI
2,041,726
2,122,737
Harvey Norman Holdings Ltd.
1,218,011
4,040,015
HUB24 Ltd.
171,038
10,226,439
IGO Ltd. *
1,603,104
11,049,892
Iluka Resources Ltd.
871,732
4,954,969
Insurance Australia Group Ltd.
5,001,774
27,566,628
James Hardie Industries PLC, CDI *
1,248,719
28,678,631
JB Hi-Fi Ltd.
241,441
12,940,165
Lendlease Corp. Ltd.
1,426,430
2,791,581
Light & Wonder, Inc., CDI *
181,193
15,217,900
Lottery Corp. Ltd.
5,099,228
19,885,409
Lynas Rare Earths Ltd. *
2,026,487
27,980,123
Macquarie Group Ltd.
758,689
130,218,901
Magellan Financial Group Ltd.
405,120
2,463,039
Medibank Pvt Ltd.
6,006,346
20,743,518
Metcash Ltd.
2,454,321
5,421,264
Mineral Resources Ltd. *
376,351
19,894,541
Mirvac Group
8,918,133
10,844,049
SECURITY
NUMBER
OF SHARES
VALUE ($)
National Australia Bank Ltd.
6,808,468
182,868,208
Netwealth Group Ltd.
246,866
3,795,741
New Hope Corp. Ltd.
1,100,821
4,625,518
NEXTDC Ltd. *
1,715,275
18,808,300
Northern Star Resources Ltd.
3,092,315
41,850,759
Orica Ltd.
1,058,775
17,437,342
Origin Energy Ltd.
3,827,017
29,930,967
Orora Ltd.
2,700,291
2,535,432
Perpetual Ltd.
232,351
2,658,107
PLS Group Ltd. *
6,806,063
31,634,378
Pro Medicus Ltd.
116,688
11,104,155
Qantas Airways Ltd.
1,603,480
10,890,965
QBE Insurance Group Ltd.
3,326,908
54,193,604
Qube Holdings Ltd.
3,817,955
13,762,564
Ramelius Resources Ltd.
4,077,202
9,446,021
Ramsay Health Care Ltd.
411,696
10,986,625
REA Group Ltd.
105,324
11,291,313
Reece Ltd. (a)
538,891
5,350,703
Region Group
2,494,599
4,074,341
Rio Tinto Ltd.
817,582
109,196,899
Sandfire Resources Ltd. *
979,972
13,840,915
Santos Ltd.
7,144,998
40,149,853
Scentre Group
11,450,889
31,555,045
SEEK Ltd.
709,050
6,331,104
SGH Ltd.
411,390
12,194,999
Sigma Healthcare Ltd.
11,214,515
23,722,401
Sims Ltd.
329,414
6,356,699
Sonic Healthcare Ltd.
1,005,573
14,122,911
South32 Ltd.
9,988,488
34,568,111
Steadfast Group Ltd.
2,391,610
7,020,715
Stockland
5,295,255
15,620,738
Suncorp Group Ltd.
2,372,633
29,669,564
Technology One Ltd.
647,566
13,903,165
Telix Pharmaceuticals Ltd. *(a)
613,527
5,751,868
Telstra Group Ltd.
8,899,882
33,362,055
TPG Telecom Ltd.
754,433
2,116,977
Transurban Group
6,923,421
74,621,397
Treasury Wine Estates Ltd.
1,763,652
5,380,338
Vicinity Ltd.
8,460,253
15,400,495
Washington H Soul Pattinson & Co.
Ltd.
736,401
23,048,064
Wesfarmers Ltd.
2,502,446
143,662,691
Westpac Banking Corp.
7,603,540
196,946,902
Whitehaven Coal Ltd.
1,718,974
10,822,016
WiseTech Global Ltd.
410,028
10,623,496
Woodside Energy Group Ltd.
4,186,703
92,358,128
Woolworths Group Ltd.
2,694,454
68,298,983
Worley Ltd.
1,113,135
10,363,655
Xero Ltd. *
341,766
18,484,352
Yancoal Australia Ltd.
920,487
4,483,706
 
3,706,850,554
 
Austria 0.3%
ANDRITZ AG
142,647
13,000,672
BAWAG Group AG
167,418
30,106,267
Erste Group Bank AG
622,247
74,791,485
OMV AG
311,285
22,394,604
Raiffeisen Bank International AG
294,271
16,970,800
Strabag SE
46,474
5,157,541
Telekom Austria AG
217,603
2,491,070
4
  

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Verbund AG
147,802
9,926,080
Vienna Insurance Group AG Wiener
Versicherung Gruppe
71,679
5,278,049
 
180,116,568
 
Belgium 0.9%
Ackermans & van Haaren NV
45,202
14,337,031
Ageas SA
396,646
30,826,870
Anheuser-Busch InBev SA
2,130,330
171,533,162
Argenx SE *
137,824
115,092,573
D'ieteren Group
45,680
9,136,693
Elia Group SA
97,198
15,119,576
Financiere de Tubize SA
41,368
10,852,079
Groupe Bruxelles Lambert NV
177,679
16,774,004
KBC Group NV
503,501
66,952,498
Lotus Bakeries NV
930
11,937,895
Sofina SA
31,828
8,282,593
Syensqo SA
151,688
11,895,224
UCB SA
264,753
77,763,576
Warehouses De Pauw CVA
436,522
11,329,038
 
571,832,812
 
Canada 10.4%
Agnico Eagle Mines Ltd.
1,110,306
204,305,009
Alamos Gold, Inc., Class A
937,153
38,478,003
Alimentation Couche-Tard, Inc.
1,653,251
93,478,800
AltaGas Ltd.
669,562
26,076,731
ARC Resources Ltd.
1,316,905
29,836,017
AtkinsRealis Group, Inc.
358,885
21,560,976
Bank of Montreal
1,581,549
257,091,407
Bank of Nova Scotia
2,788,396
223,913,735
Barrick Mining Corp.
3,706,590
158,482,923
BCE, Inc.
693,590
17,511,568
Bombardier, Inc., Class B *
195,996
44,247,248
Brookfield Asset Management Ltd.,
Class A (a)
850,545
41,170,441
Brookfield Corp.
4,714,243
214,947,989
CAE, Inc. *
683,089
17,697,685
Cameco Corp.
958,791
107,819,182
Canadian Imperial Bank of
Commerce
2,082,978
227,554,252
Canadian National Railway Co.
1,214,288
143,902,229
Canadian Natural Resources Ltd.
4,552,781
207,222,510
Canadian Pacific Kansas City Ltd.
2,001,453
178,852,938
Canadian Tire Corp. Ltd., Class A
114,622
14,719,344
Celestica, Inc. *
253,385
98,041,261
Cenovus Energy, Inc.
2,999,255
82,865,700
CGI, Inc.
429,001
29,983,824
Constellation Software, Inc.
43,966
90,093,676
Descartes Systems Group, Inc. *
181,875
13,432,516
Dollarama, Inc.
595,963
76,271,843
Element Fleet Management Corp.
901,747
17,981,917
Emera, Inc. (a)
677,971
35,484,526
Enbridge, Inc.
4,846,321
266,107,016
Equinox Gold Corp.
1,625,019
22,177,313
Fairfax Financial Holdings Ltd.
47,456
73,918,434
First Majestic Silver Corp.
1,059,998
22,407,275
First Quantum Minerals Ltd. *
1,527,474
47,058,906
FirstService Corp.
86,736
11,636,999
Fortis, Inc.
1,122,834
62,159,138
Franco-Nevada Corp.
426,634
98,907,360
George Weston Ltd.
350,805
24,594,931
GFL Environmental, Inc.
613,406
20,599,007
Gildan Activewear, Inc.
396,405
24,203,568
Great-West Lifeco, Inc.
604,931
35,341,619
Hydro One Ltd.
718,627
29,578,709
iA Financial Corp., Inc.
208,805
26,053,068
SECURITY
NUMBER
OF SHARES
VALUE ($)
IAMGOLD Corp. *
1,299,399
23,525,107
IGM Financial, Inc.
164,198
9,364,012
Imperial Oil Ltd.
284,653
33,799,638
Intact Financial Corp.
400,469
78,744,901
Ivanhoe Mines Ltd., Class A *
1,711,438
15,169,437
Keyera Corp.
518,490
21,525,493
Kinross Gold Corp.
2,682,829
81,562,831
Loblaw Cos. Ltd.
1,249,101
55,919,610
Lundin Gold, Inc.
215,039
14,369,235
Lundin Mining Corp.
1,519,040
45,409,653
Magna International, Inc.
593,737
38,510,690
Manulife Financial Corp.
3,729,555
142,760,288
Metro, Inc.
433,750
27,856,602
National Bank of Canada
867,081
126,730,854
Nutrien Ltd.
1,081,537
74,122,833
Open Text Corp.
542,246
12,903,215
Pan American Silver Corp.
931,210
53,220,691
Pembina Pipeline Corp.
1,295,315
60,470,914
Power Corp. of Canada
1,174,562
71,050,961
Quebecor, Inc., Class B
110,227
5,353,117
RB Global, Inc.
415,609
44,250,569
Restaurant Brands International, Inc.
766,836
57,420,154
Royal Bank of Canada
3,118,345
598,609,961
Saputo, Inc.
525,173
16,103,450
Shopify, Inc., Class A *
2,730,737
325,912,286
Stantec, Inc.
260,305
19,684,202
Sun Life Financial, Inc.
1,231,406
88,568,623
Suncor Energy, Inc.
2,665,501
166,735,306
TC Energy Corp.
2,316,865
154,496,910
Teck Resources Ltd., Class B
1,071,555
71,120,666
TELUS Corp.
1,214,641
15,262,920
TFI International, Inc.
175,555
27,103,944
Thomson Reuters Corp.
294,389
25,546,268
TMX Group Ltd.
614,249
23,003,961
Toromont Industries Ltd.
174,482
28,801,468
Toronto-Dominion Bank
3,732,008
427,370,522
Tourmaline Oil Corp.
812,754
37,181,777
Waste Connections, Inc.
566,487
84,606,029
Wheaton Precious Metals Corp.
1,015,069
136,585,380
Whitecap Resources, Inc.
2,584,710
29,720,741
WSP Global, Inc.
305,063
43,240,972
 
6,891,463,784
 
Denmark 1.2%
AP Moller - Maersk AS, Class A
5,804
14,065,250
AP Moller - Maersk AS, Class B
6,909
17,055,930
Carlsberg AS, Class B
200,879
27,018,905
Coloplast AS, Class B
300,268
18,557,231
Danske Bank AS
1,416,055
74,602,526
Demant AS *(a)
178,561
6,975,932
DSV AS
425,791
107,007,888
Genmab AS *
137,118
36,483,155
H Lundbeck AS
647,470
4,389,730
H Lundbeck AS, Class A
14,547
83,589
Novo Nordisk AS, Class B
7,083,256
324,007,284
Novonesis Novozymes B, Class B
769,996
44,786,083
Orsted AS *
1,037,288
26,586,953
Pandora AS
164,544
15,441,335
Rockwool AS, B Shares
171,100
5,407,404
Tryg AS
736,357
17,338,762
Vestas Wind Systems AS
2,237,900
62,916,149
 
802,724,106
 
Finland 0.9%
Elisa OYJ
313,377
15,037,386
Fortum OYJ
910,849
21,311,444
Kesko OYJ, B Shares
600,046
14,550,644
  
5

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Kone OYJ, B Shares
692,507
41,424,272
Metso OYJ
1,523,710
29,125,161
Neste OYJ
899,325
29,552,991
Nokia OYJ
11,572,011
168,664,388
Nordea Bank Abp
7,271,988
139,765,143
Orion OYJ, B Shares
234,867
19,623,982
Sampo OYJ, A Shares
5,507,981
58,259,191
Stora Enso OYJ, R Shares
1,269,380
14,879,684
UPM-Kymmene OYJ
1,135,274
33,173,182
Valmet OYJ
320,613
8,702,478
Wartsila OYJ Abp
1,001,837
40,801,358
 
634,871,304
 
France 7.0%
Abivax S.A. *
156,851
20,756,421
Accor SA
465,913
25,570,071
Aeroports de Paris SA (a)
86,152
11,561,530
Air Liquide SA
1,284,600
266,953,232
Airbus SE
1,300,680
272,753,705
Alstom SA *
793,036
15,861,923
Amundi SA
129,110
12,648,316
AXA SA
3,572,232
165,619,070
Ayvens SA
778,325
10,517,721
BioMerieux
94,508
8,199,770
BNP Paribas SA
2,200,934
238,730,843
Bollore SE
1,581,186
10,037,695
Bouygues SA
426,275
25,100,896
Bureau Veritas SA
761,399
23,101,372
Capgemini SE *
341,206
40,593,454
Carrefour SA
1,247,292
23,339,375
Cie de Saint-Gobain SA
1,006,671
91,934,712
Cie Generale des Etablissements
Michelin SCA
1,423,705
52,350,464
Covivio SA
124,699
8,039,839
Credit Agricole SA
2,071,243
40,122,803
Danone SA
1,421,635
101,098,026
Dassault Aviation SA
37,959
13,501,494
Dassault Systemes SE
1,453,240
31,890,608
Edenred SE
535,036
14,572,564
Eiffage SA
169,128
24,621,142
Engie SA
4,103,109
126,741,579
EssilorLuxottica SA
638,975
130,600,887
Eurofins Scientific SE
250,653
18,269,514
Euronext NV
197,989
32,253,630
FDJ UNITED (a)
233,708
6,204,504
Gecina SA
127,477
10,926,366
Getlink SE
690,457
15,115,468
Hermes International SCA
75,995
143,665,389
Ipsen SA
78,223
14,294,809
Kering SA
155,452
46,321,679
Klepierre SA
459,086
18,761,273
Legrand SA
562,958
96,997,729
L'Oreal SA
509,949
227,649,693
LVMH Moet Hennessy Louis Vuitton
SE
569,221
314,224,526
Orange SA
4,671,434
97,769,573
Pernod Ricard SA
423,528
31,344,438
Publicis Groupe SA
503,994
49,250,477
Renault SA
413,931
14,293,054
Rexel SA
491,066
21,093,945
Safran SA
775,315
276,583,166
Sanofi SA
2,396,964
210,596,392
Sartorius Stedim Biotech
61,292
12,738,545
Schneider Electric SE
1,207,238
380,301,771
SCOR SE
380,728
13,675,259
Societe Generale SA
1,490,406
124,580,956
Sodexo SA
189,524
10,438,986
SPIE SA
328,023
18,718,251
SECURITY
NUMBER
OF SHARES
VALUE ($)
Thales SA
202,137
56,494,147
TotalEnergies SE
4,040,743
354,499,535
Unibail-Rodamco-Westfield *
276,440
32,046,246
Veolia Environnement SA
1,337,248
54,196,203
Vinci SA
1,107,147
161,562,700
 
4,671,687,736
 
Germany 6.4%
adidas AG
368,084
71,560,614
Allianz SE
853,106
379,894,916
Aumovio SE *
119,990
5,614,894
BASF SE
1,983,878
117,652,657
Bayer AG
2,205,644
94,023,672
Bayerische Motoren Werke AG
618,809
53,985,613
Bechtle AG *
189,078
7,373,939
Beiersdorf AG
229,842
18,555,047
Brenntag SE
266,361
17,574,321
Commerzbank AG
1,508,472
65,237,121
Continental AG
239,981
19,984,064
CTS Eventim AG & Co. KGaA
122,111
8,856,213
Daimler Truck Holding AG
1,075,865
52,918,494
Delivery Hero SE *(a)
498,988
21,533,227
Deutsche Bank AG
3,883,910
126,270,642
Deutsche Boerse AG
409,539
118,330,861
Deutsche Lufthansa AG
1,344,403
13,460,738
Deutsche Post AG
2,049,503
122,453,341
Deutsche Telekom AG
7,605,848
256,151,019
Deutsche Wohnen SE
139,125
3,136,638
DWS Group GmbH & Co. KGaA
66,095
4,778,175
E.ON SE
4,970,073
105,556,814
Evonik Industries AG *
586,287
11,500,854
Fraport AG Frankfurt Airport Services
Worldwide
86,583
7,279,788
Fresenius Medical Care AG
490,736
21,297,382
Fresenius SE & Co. KGaA
915,850
38,763,593
FUCHS SE
60,216
2,280,230
GEA Group AG
329,046
21,291,697
Hannover Rueck SE
133,543
36,216,741
Heidelberg Materials AG
278,882
62,094,191
Henkel AG & Co. KGaA
223,104
16,219,876
Hensoldt AG
130,601
13,475,632
HOCHTIEF AG
33,157
18,827,795
Infineon Technologies AG
2,881,292
272,717,994
KION Group AG
148,545
7,601,158
Knorr-Bremse AG
146,568
17,736,586
LEG Immobilien SE
180,295
11,729,532
Mercedes-Benz Group AG
1,679,943
102,313,741
Merck KGaA
285,761
43,634,379
MTU Aero Engines AG
119,375
43,644,136
Muenchener
Rueckversicherungs-Gesellschaft
AG in Muenchen
291,949
154,093,989
Nemetschek SE
127,419
9,189,138
Qiagen NV
458,880
16,945,577
Rational AG
10,941
8,413,846
RENK Group AG
172,167
11,421,746
Rheinmetall AG
100,320
151,416,254
RTL Group SA (a)
80,210
2,953,113
RWE AG
1,459,106
92,899,489
SAP SE
2,292,377
415,334,247
Schaeffler AG
407,351
5,019,782
Scout24 SE
153,173
12,914,339
Siemens AG
1,631,681
513,723,367
Siemens Energy AG
1,653,746
315,026,807
Siemens Healthineers AG
797,260
32,488,251
Symrise AG
294,189
27,155,327
Talanx AG
133,054
15,992,534
Traton SE *
154,081
6,070,209
6
  

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Volkswagen AG *
62,053
6,795,934
Vonovia SE
1,599,824
40,007,968
Zalando SE *
518,535
14,092,878
 
4,285,483,120
 
Hong Kong 1.7%
AAC Technologies Holdings, Inc.
1,592,219
9,243,622
AIA Group Ltd.
23,467,760
246,283,622
ASMPT Ltd.
718,220
17,778,176
Bank of East Asia Ltd.
2,193,484
3,817,480
BOC Aviation Ltd.
427,078
4,168,661
BOC Hong Kong Holdings Ltd.
7,967,666
48,736,814
Brightoil Petroleum Holdings
Ltd. *(b)
2,936,732
0
Budweiser Brewing Co. APAC Ltd.
3,485,342
3,108,498
Cathay Pacific Airways Ltd.
2,799,401
4,750,559
Champion REIT
4,018,650
1,245,990
Chow Tai Fook Jewellery Group Ltd.
3,720,354
5,216,869
CK Asset Holdings Ltd.
3,990,490
24,103,631
CK Hutchison Holdings Ltd.
5,979,882
53,752,863
CK Infrastructure Holdings Ltd.
1,366,216
10,345,895
CLP Holdings Ltd.
3,601,077
35,149,717
CTF Services Ltd.
3,395,420
3,496,190
Dah Sing Banking Group Ltd.
787,807
1,350,974
DFI Retail Group Holdings Ltd.
650,941
2,603,764
First Pacific Co. Ltd.
4,571,632
2,980,713
FIT Hon Teng Ltd. *
4,144,285
4,706,170
Galaxy Entertainment Group Ltd.
4,659,843
18,621,773
Hang Lung Group Ltd.
1,822,493
3,395,054
Hang Lung Properties Ltd.
3,812,970
3,911,537
Henderson Land Development Co.
Ltd.
3,018,246
11,922,946
Hong Kong & China Gas Co. Ltd.
23,556,627
21,550,644
Hong Kong Exchanges & Clearing
Ltd.
2,662,076
135,797,329
Hongkong Land Holdings Ltd.
2,283,390
17,399,432
HUTCHMED China Ltd. *(a)
1,023,385
2,392,173
Hysan Development Co. Ltd.
1,279,390
3,044,457
Jardine Matheson Holdings Ltd.
401,294
26,637,896
Johnson Electric Holdings Ltd.
927,980
3,021,672
Kerry Properties Ltd.
1,240,788
3,283,480
KLN Logistics Group Ltd.
592,223
463,961
Lenovo Group Ltd.
16,986,809
52,017,686
Link REIT
5,868,517
30,235,884
Man Wah Holdings Ltd.
3,147,157
1,457,649
MGM China Holdings Ltd.
2,050,857
2,813,014
MMG Ltd. *
9,437,183
10,608,312
MTR Corp. Ltd.
3,578,778
14,402,054
NagaCorp Ltd.
2,933,866
1,538,545
New World Development Co.
Ltd. *(a)
2,921,873
3,064,511
Nexteer Automotive Group Ltd.
3,618,933
2,262,583
Orient Overseas International Ltd.
270,808
4,702,704
PCCW Ltd.
8,698,909
6,315,461
Power Assets Holdings Ltd.
3,109,781
23,846,918
PRADA SpA
1,179,408
5,519,775
Samsonite Group SA
2,793,870
5,161,819
Sands China Ltd.
5,174,705
10,121,753
Shangri-La Asia Ltd.
2,295,674
1,253,666
Shenzhou International Group
Holdings Ltd.
1,768,018
10,471,763
Sino Land Co. Ltd.
7,832,581
11,802,738
SITC International Holdings Co. Ltd.
2,984,336
13,182,651
SJM Holdings Ltd. *
4,850,424
1,182,064
Sun Hung Kai Properties Ltd.
3,099,862
52,090,212
Swire Pacific Ltd., A Shares
769,507
8,011,811
Swire Pacific Ltd., B Shares
1,707,483
2,840,939
SECURITY
NUMBER
OF SHARES
VALUE ($)
Swire Properties Ltd.
2,162,247
6,135,756
Techtronic Industries Co. Ltd.
3,171,029
47,055,232
United Energy Group Ltd.
31,046,652
1,822,219
VTech Holdings Ltd.
340,945
2,229,493
WH Group Ltd.
17,463,524
20,165,475
Wharf Holdings Ltd. (a)
2,225,269
6,297,556
Wharf Real Estate Investment Co.
Ltd.
3,509,416
10,764,585
Wynn Macau Ltd.
3,060,471
2,206,301
Xinyi Glass Holdings Ltd. (a)
3,369,257
4,255,958
Yue Yuen Industrial Holdings Ltd.
2,024,760
3,789,934
Zijin Gold International Co., Ltd. *
492,366
8,148,094
 
1,122,057,677
 
Ireland 0.3%
AIB Group PLC
4,761,680
56,122,072
Bank of Ireland Group PLC
2,166,793
44,085,066
Kerry Group PLC, Class A
366,383
31,403,586
Kingspan Group PLC
331,707
30,424,910
Ryanair Holdings PLC
574,405
16,844,682
 
178,880,316
 
Israel 1.2%
Airport City Ltd. *
149,300
2,879,009
Amot Investments Ltd.
449,794
3,038,791
Azrieli Group Ltd.
85,098
14,215,125
Bank Hapoalim BM
2,930,549
75,786,906
Bank Leumi Le-Israel BM
3,322,792
84,757,301
Bezeq The Israeli Telecommunication
Corp. Ltd.
6,078,729
17,368,107
Big Shopping Centers Ltd.
41,197
11,281,434
Camtek Ltd. *
66,110
11,720,084
Clal Insurance Enterprises Holdings
Ltd.
154,718
15,634,882
Delek Group Ltd.
20,689
6,396,104
El Al Israel Airlines
671,450
3,221,389
Elbit Systems Ltd.
58,844
53,167,295
Energix-Renewable Energies Ltd.
544,215
5,623,752
Enlight Renewable Energy Ltd. *
282,098
30,569,988
Fattal Holdings 1998 Ltd. *
13,570
4,133,757
FIBI Holdings Ltd.
31,458
3,483,052
First International Bank of Israel Ltd.
122,992
10,520,424
Gav-Yam Lands Corp. Ltd.
86,944
1,200,520
Harel Insurance Investments &
Financial Services Ltd.
267,616
17,087,255
ICL Group Ltd.
1,654,283
10,975,642
Israel Corp. Ltd.
9,081
3,013,449
Israel Discount Bank Ltd., A Shares
2,711,059
30,278,148
Isrotel Ltd. *
37,408
1,949,494
Kenon Holdings Ltd.
46,896
4,270,648
Matrix IT Ltd.
100,195
3,179,421
Mega Or Holdings Ltd.
49,557
12,064,653
Meitav Investment House Ltd.
86,407
5,282,834
Melisron Ltd.
48,532
7,694,974
Menora Mivtachim Holdings Ltd.
46,584
8,692,179
Migdal Insurance & Financial
Holdings Ltd. *
1,257,103
8,569,170
Mivne Real Estate KD Ltd.
1,367,276
7,037,683
Mizrahi Tefahot Bank Ltd.
342,810
26,498,396
Next Vision Stabilized Systems Ltd.
161,237
17,254,133
Nice Ltd. *
141,153
12,592,472
Nova Ltd. *
68,581
36,034,106
OPC Energy Ltd. *
321,532
14,198,813
Phoenix Financial Ltd.
516,669
34,537,363
Shapir Engineering & Industry Ltd. *
314,553
5,132,124
Shikun & Binui Ltd. *
748,687
5,797,854
  
7

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Shufersal Ltd.
477,964
8,314,864
Strauss Group Ltd.
131,819
5,698,858
Teva Pharmaceutical Industries Ltd. *
2,541,196
89,194,987
Tower Semiconductor Ltd. *
247,026
70,994,256
 
801,341,696
 
Italy 2.8%
A2A SpA
3,468,217
9,102,231
Banca Mediolanum SpA
476,858
11,023,656
Banca Monte dei Paschi di Siena
SpA (a)
4,671,725
50,307,991
Banco BPM SpA
3,285,389
51,699,920
BPER Banca SpA
3,364,725
45,617,667
Brunello Cucinelli SpA
70,246
6,761,178
Buzzi SpA
177,430
9,627,912
Davide Campari-Milano NV
1,280,687
8,372,174
Enel SpA
17,295,237
194,258,206
Eni SpA
4,193,727
110,258,852
Ferrari NV
267,586
92,178,972
FinecoBank Banca Fineco SpA
1,364,104
33,364,981
Generali
2,175,359
98,266,668
Hera SpA
1,667,328
7,502,572
Infrastrutture Wireless Italiane SpA
736,143
5,738,399
Interpump Group SpA
162,476
6,802,895
Intesa Sanpaolo SpA
34,140,494
231,352,260
Italgas SpA
1,366,469
16,049,654
Leonardo SpA
897,120
56,971,965
Mediobanca Banca di Credito
Finanziario SpA
179,410
4,645,752
Moncler SpA
498,056
32,466,183
Nexi SpA (a)
952,111
3,899,840
Pirelli & C SpA
862,778
6,353,025
Poste Italiane SpA
1,001,383
29,634,771
Prysmian SpA
637,402
110,084,774
Recordati Industria Chimica e
Farmaceutica SpA
235,023
14,124,390
Reply SpA
45,089
5,414,247
Snam SpA
4,670,653
34,152,312
Stellantis NV *
4,719,921
37,811,803
STMicroelectronics NV
1,423,868
97,950,275
Technoprobe SpA *
345,202
12,947,064
Telecom Italia SpA *
38,208,208
32,495,046
Tenaris SA
761,722
23,191,172
Terna - Rete Elettrica Nazionale
3,118,415
35,851,756
UniCredit SpA
3,359,686
291,064,186
Unipol Assicurazioni SpA
858,713
21,284,070
 
1,838,628,819
 
Japan 20.5%
77 Bank Ltd.
432,636
8,571,732
ABC-Mart, Inc.
207,876
3,436,960
Acom Co. Ltd.
803,878
2,360,782
Activia Properties, Inc.
4,221
3,468,225
Advance Residence Investment Corp.
5,900
5,707,645
Advantest Corp.
1,613,651
265,275,750
Aeon Co. Ltd.
5,533,368
48,367,872
AEON Financial Service Co. Ltd.
234,555
2,224,876
AEON REIT Investment Corp.
3,746
2,889,684
AGC, Inc.
414,711
18,074,407
Air Water, Inc.
375,322
6,127,658
Aisin Corp.
1,100,566
16,685,822
Ajinomoto Co., Inc.
2,083,444
67,428,252
Alfresa Holdings Corp.
398,994
5,601,807
Alps Alpine Co. Ltd.
406,962
5,550,063
ALSOK Co. Ltd.
722,903
5,113,316
Amada Co. Ltd.
678,009
12,836,982
Amano Corp.
138,328
3,105,624
SECURITY
NUMBER
OF SHARES
VALUE ($)
ANA Holdings, Inc.
323,054
6,064,746
Aozora Bank Ltd.
219,862
3,688,306
Asahi Group Holdings Ltd.
3,212,077
30,740,620
Asahi Intecc Co. Ltd.
467,262
11,054,141
Asahi Kasei Corp.
2,677,576
30,057,342
Asics Corp.
1,472,419
44,795,058
Astellas Pharma, Inc.
3,949,197
56,636,829
Azbil Corp.
1,047,185
10,936,272
Bandai Namco Holdings, Inc.
1,272,323
29,100,622
BayCurrent, Inc.
336,787
11,881,373
Bic Camera, Inc.
204,284
2,281,657
BIPROGY, Inc.
158,635
4,572,004
Blue Zones Holdings Co. Ltd.
225,348
2,450,389
Bridgestone Corp.
2,455,199
53,101,641
Brother Industries Ltd.
528,256
12,453,953
Calbee, Inc.
147,095
2,683,359
Canon Marketing Japan, Inc.
189,666
4,243,924
Canon, Inc.
1,859,158
49,378,227
Capcom Co. Ltd.
765,007
14,493,757
Casio Computer Co. Ltd.
432,512
4,861,990
Central Japan Railway Co.
1,894,614
41,405,629
Chiba Bank Ltd.
1,391,378
20,330,079
Chubu Electric Power Co., Inc.
1,602,291
29,440,927
Chugai Pharmaceutical Co. Ltd.
1,421,107
70,452,770
Chugin Financial Group, Inc.
346,411
6,501,054
Chugoku Electric Power Co., Inc.
624,043
3,432,452
Coca-Cola Bottlers Japan Holdings,
Inc.
207,625
4,613,164
COMSYS Holdings Corp.
223,893
7,635,625
Cosmo Energy Holdings Co. Ltd.
270,776
6,359,894
Cosmos Pharmaceutical Corp.
87,573
3,307,299
Credit Saison Co. Ltd.
237,780
6,113,660
CyberAgent, Inc.
954,844
7,758,595
Dai Nippon Printing Co. Ltd.
861,192
14,987,954
Daicel Corp.
527,729
4,422,329
Daido Steel Co. Ltd.
344,482
4,496,725
Daifuku Co. Ltd.
773,931
35,543,750
Daiichi Life Group, Inc.
7,691,430
79,045,037
Daiichi Sankyo Co. Ltd.
4,140,545
70,240,227
Daikin Industries Ltd.
613,801
89,781,747
Daito Trust Construction Co. Ltd.
650,715
12,966,066
Daiwa House Industry Co. Ltd.
1,262,649
34,376,033
Daiwa House REIT Investment Corp.
8,492
6,433,414
Daiwa Office Investment Corp.
1,186
2,369,169
Daiwa Securities Group, Inc.
2,984,463
28,131,081
Daiwa Securities Living Investments
Corp. (a)
3,586
2,284,191
Denso Corp.
3,993,433
47,864,000
Dentsu Group, Inc.
455,726
8,605,518
Dentsu Soken, Inc.
201,159
2,651,119
Dexerials Corp.
409,715
10,392,796
DIC Corp.
171,064
5,193,494
Disco Corp.
193,472
79,107,309
DMG Mori Co. Ltd.
318,172
6,885,499
Dowa Holdings Co. Ltd.
126,304
8,172,192
East Japan Railway Co.
2,325,802
49,850,094
Ebara Corp.
1,003,481
35,823,748
Eisai Co. Ltd.
562,716
14,082,923
Electric Power Development Co. Ltd.,
Class C
341,946
8,628,664
ENEOS Holdings, Inc.
5,767,152
47,295,791
EXEO Group, Inc.
389,944
6,971,422
Ezaki Glico Co. Ltd.
102,624
3,508,259
FANUC Corp.
2,067,011
102,474,093
Fast Retailing Co. Ltd.
392,949
203,225,650
Food & Life Cos. Ltd.
232,871
15,908,487
Frontier Real Estate Investment
Corp.
5,759
2,952,035
Fuji Electric Co. Ltd.
307,404
29,815,427
8
  

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Fuji Media Holdings, Inc.
96,705
2,292,636
Fuji Oil Co. Ltd.
94,834
2,096,368
FUJIFILM Holdings Corp.
2,643,534
55,165,651
Fujikura Ltd.
3,616,351
108,383,759
Fujitsu Ltd.
3,771,737
79,799,047
Fukuoka Financial Group, Inc.
397,655
16,376,821
Furukawa Electric Co. Ltd.
153,671
50,255,118
Fuyo General Lease Co. Ltd.
114,354
3,012,756
GLP J-Reit
9,670
8,121,609
GMO internet group, Inc.
114,589
2,364,626
GMO Payment Gateway, Inc.
101,704
5,595,988
Goldwin, Inc.
216,783
2,873,372
GS Yuasa Corp.
199,815
8,234,100
Gunma Bank Ltd.
702,068
9,967,169
Hachijuni Nagano Bank Ltd.
809,717
11,818,440
Hakuhodo DY Holdings, Inc.
481,496
3,384,597
Hamamatsu Photonics KK
649,559
11,682,187
Hankyu Hanshin Holdings, Inc.
518,542
15,254,301
Harmonic Drive Systems, Inc.
145,492
7,128,825
Haseko Corp.
535,261
9,120,519
Hikari Tsushin, Inc.
39,274
9,017,304
Hirogin Holdings, Inc.
598,924
7,590,484
Hirose Electric Co. Ltd.
63,613
11,278,830
Hitachi Construction Machinery Co.
Ltd.
270,887
8,846,922
Hitachi Ltd.
9,669,369
313,788,305
Hokuhoku Financial Group, Inc.
237,594
9,635,699
Honda Motor Co. Ltd.
8,375,541
76,421,090
Horiba Ltd.
79,805
13,167,148
Hoshizaki Corp.
227,647
7,533,415
House Foods Group, Inc.
145,603
3,125,356
Hoya Corp.
747,282
127,121,029
Hulic Co. Ltd.
1,053,326
11,241,918
Ibiden Co. Ltd.
552,833
79,874,106
Idemitsu Kosan Co. Ltd.
1,746,513
15,343,291
IHI Corp.
2,027,354
35,232,583
Iida Group Holdings Co. Ltd.
287,680
3,852,841
Industrial & Infrastructure Fund
Investment Corp.
4,971
4,378,002
INFRONEER Holdings, Inc.
447,452
6,892,093
Inpex Corp.
1,929,396
43,680,779
Internet Initiative Japan, Inc.
272,689
5,313,658
Invincible Investment Corp.
16,841
6,485,039
Isetan Mitsukoshi Holdings Ltd.
697,041
14,869,974
Isuzu Motors Ltd.
1,192,620
17,594,498
Ito En Ltd.
115,265
2,178,008
ITOCHU Corp.
13,898,658
168,985,819
Itoham Yonekyu Holdings, Inc.
46,164
1,423,866
Iwatani Corp.
415,826
5,266,067
Iyogin Holdings, Inc.
534,694
10,257,902
J Front Retailing Co. Ltd.
512,687
6,982,257
Japan Airlines Co. Ltd.
300,161
5,165,469
Japan Airport Terminal Co. Ltd.
137,522
4,174,297
Japan Exchange Group, Inc.
2,241,651
27,473,215
Japan Hotel REIT Investment Corp.
10,814
5,203,545
Japan Logistics Fund, Inc.
4,682
2,702,907
Japan Metropolitan Fund Invest
14,863
10,503,722
Japan Post Bank Co. Ltd.
3,955,377
76,255,117
Japan Post Holdings Co. Ltd.
3,675,788
47,751,301
Japan Post Insurance Co. Ltd.
1,150,821
10,334,183
Japan Prime Realty Investment Corp.
7,248
4,329,950
Japan Real Estate Investment Corp.
15,481
11,115,512
Japan Steel Works Ltd.
147,816
7,121,056
Japan Tobacco, Inc.
2,420,674
93,776,597
Jeol Ltd.
108,010
4,826,830
JFE Holdings, Inc.
1,301,515
13,903,048
JGC Holdings Corp.
515,199
8,830,457
JMDC, Inc.
71,622
1,276,409
JTEKT Corp.
469,976
6,394,673
SECURITY
NUMBER
OF SHARES
VALUE ($)
Justsystems Corp.
70,883
1,818,940
JX Advanced Metals Corp.
1,194,910
29,491,811
Kadokawa Corp.
240,305
4,815,459
Kagome Co. Ltd.
153,640
2,486,190
Kajima Corp.
935,611
34,717,345
Kakaku.com, Inc.
261,725
5,491,309
Kamigumi Co. Ltd.
186,307
5,549,769
Kandenko Co. Ltd.
270,053
11,091,190
Kaneka Corp.
119,939
4,159,704
Kansai Electric Power Co., Inc.
2,158,679
31,670,298
Kansai Paint Co. Ltd.
333,264
5,130,118
Kao Corp.
993,624
38,168,294
Kawasaki Heavy Industries Ltd.
1,710,553
33,708,177
Kawasaki Kisen Kaisha Ltd.
824,338
13,049,386
KDDI Corp.
6,170,275
106,145,474
KDX Realty Investment Corp.
7,704
7,694,805
Keihan Holdings Co. Ltd.
201,452
4,048,275
Keikyu Corp.
516,344
4,894,548
Keio Corp.
1,089,301
5,049,282
Keisei Electric Railway Co. Ltd.
943,938
6,469,228
Kewpie Corp.
214,926
5,436,943
Keyence Corp.
416,725
209,710,659
Kikkoman Corp.
1,644,565
14,390,848
Kinden Corp.
252,420
11,383,398
Kintetsu Group Holdings Co. Ltd.
423,555
9,543,890
Kioxia Holdings Corp. *
409,443
169,368,814
Kirin Holdings Co. Ltd.
1,763,654
30,118,056
Kobayashi Pharmaceutical Co. Ltd.
122,224
4,493,089
Kobe Bussan Co. Ltd.
280,810
4,782,184
Kobe Steel Ltd.
758,044
9,428,526
Koei Tecmo Holdings Co. Ltd.
362,069
3,368,454
Koito Manufacturing Co. Ltd.
381,002
6,694,281
Kokusai Electric Corp.
515,640
26,596,646
Kokuyo Co. Ltd.
852,233
4,395,807
Komatsu Ltd.
2,013,195
83,175,975
Konami Group Corp.
213,322
25,367,080
Konica Minolta, Inc.
1,206,150
4,618,814
Kose Holdings Corp.
70,048
2,466,795
Kotobuki Spirits Co. Ltd.
258,571
3,386,648
Kraftia Corp.
102,684
6,013,713
K's Holdings Corp.
304,894
4,014,434
Kubota Corp.
2,059,662
36,770,899
Kuraray Co. Ltd.
636,644
6,560,805
Kurita Water Industries Ltd.
249,093
13,696,281
Kusuri No. Aoki Holdings Co. Ltd. (a)
97,421
2,121,733
Kyocera Corp.
2,815,106
61,593,154
Kyoto Financial Group, Inc.
525,669
14,592,194
Kyowa Kirin Co. Ltd.
495,557
7,798,042
Kyushu Electric Power Co., Inc.
973,584
10,023,897
Kyushu Financial Group, Inc.
773,358
6,713,869
Kyushu Railway Co.
329,184
7,283,033
LaSalle Logiport REIT
3,817
3,493,542
Lasertec Corp.
172,822
43,566,473
Lion Corp.
510,988
5,198,474
Lixil Corp.
614,672
6,511,994
LY Corp.
5,860,497
15,362,682
M3, Inc.
949,190
8,490,776
Mabuchi Motor Co. Ltd.
412,506
4,020,372
Macnica Holdings, Inc.
273,312
5,339,533
Makita Corp.
533,351
18,541,142
Marubeni Corp.
3,274,742
106,888,369
Marui Group Co. Ltd.
376,790
6,456,958
Maruichi Steel Tube Ltd.
373,659
4,235,616
Maruwa Co. Ltd.
19,983
9,344,397
MatsukiyoCocokara & Co.
731,630
10,435,115
Mazda Motor Corp.
1,348,864
9,731,581
McDonald's Holdings Co. Japan Ltd.
182,300
8,920,893
Mebuki Financial Group, Inc.
2,052,875
17,144,904
Medipal Holdings Corp.
441,716
7,622,299
  
9

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
MEIJI Holdings Co. Ltd.
567,495
13,432,509
Mercari, Inc. *
279,221
7,435,252
Metaplanet, Inc. *(a)
2,475,685
4,525,563
Minebea Mitsumi, Inc.
860,697
24,665,492
MISUMI Group, Inc.
618,909
14,668,909
Mitsubishi Chemical Group Corp.
2,960,490
21,331,001
Mitsubishi Corp.
7,306,170
232,462,787
Mitsubishi Electric Corp.
4,372,484
180,129,091
Mitsubishi Estate Co. Ltd.
2,429,209
61,893,785
Mitsubishi Gas Chemical Co., Inc.
395,248
13,767,512
Mitsubishi HC Capital, Inc.
1,796,429
14,687,181
Mitsubishi Heavy Industries Ltd.
7,135,262
170,593,675
Mitsubishi Logistics Corp.
630,485
5,946,813
Mitsubishi Materials Corp.
291,302
9,429,482
Mitsubishi Motors Corp. (a)
1,238,830
2,891,044
Mitsubishi UFJ Financial Group, Inc.
24,436,269
460,357,879
Mitsui & Co. Ltd.
5,639,092
187,391,147
Mitsui Chemicals, Inc.
808,633
11,081,305
Mitsui E&S Co. Ltd.
200,016
5,598,789
Mitsui Fudosan Accommodations
Fund, Inc.
4,600
3,638,043
Mitsui Fudosan Co. Ltd.
5,786,388
55,632,055
Mitsui Fudosan Logistics Park, Inc.
5,854
3,967,879
Mitsui Kinzoku Co. Ltd.
121,270
39,331,428
Mitsui OSK Lines Ltd.
713,857
24,556,071
Miura Co. Ltd.
201,580
4,079,972
Mizuho Financial Group, Inc.
5,350,698
241,838,508
Modec, Inc.
108,061
6,815,330
Money Forward, Inc. *(a)
133,651
3,646,248
MonotaRO Co. Ltd. (a)
533,001
6,324,762
Mori Hills REIT Investment Corp.,
Class C
2,818
2,292,424
Morinaga Milk Industry Co. Ltd.
150,289
4,593,921
MS&AD Insurance Group Holdings,
Inc.
2,701,289
72,745,938
Murata Manufacturing Co. Ltd.
3,613,310
218,469,180
Nabtesco Corp.
231,139
8,033,746
Nagase & Co. Ltd.
864,424
6,111,623
Nagoya Railroad Co. Ltd.
402,041
4,542,187
NANKAI Co. Ltd.
220,542
3,865,269
NEC Corp.
2,742,202
70,678,151
Nexon Co. Ltd.
650,026
9,146,669
NGK Corp.
579,687
22,999,580
NH Foods Ltd.
224,028
8,592,970
NHK Spring Co. Ltd.
327,833
7,391,122
Nichias Corp.
329,454
7,307,633
Nichirei Corp.
424,045
4,853,383
NIDEC Corp.
2,076,033
36,411,107
Nifco, Inc.
170,484
4,840,679
Nihon Kohden Corp.
388,514
3,531,502
Nikkon Holdings Co. Ltd. (a)
227,707
8,486,624
Nikon Corp.
627,039
7,265,365
Nintendo Co. Ltd.
2,296,587
103,122,080
Nippon Building Fund, Inc.
18,665
14,937,628
Nippon Electric Glass Co. Ltd.
160,685
6,593,344
Nippon Express Holdings, Inc.
522,779
17,270,524
Nippon Kayaku Co. Ltd.
232,564
3,115,414
Nippon Paint Holdings Co. Ltd.
2,095,311
13,906,000
Nippon Prologis REIT, Inc. (a)
16,665
8,929,735
Nippon Sanso Holdings Corp.
433,352
16,834,278
Nippon Shinyaku Co. Ltd.
140,095
3,697,086
Nippon Shokubai Co. Ltd.
268,975
3,487,433
Nippon Steel Corp.
11,024,844
39,240,383
Nippon Television Holdings, Inc.
119,886
2,138,428
Nippon Yusen KK
889,509
29,687,551
Nipro Corp.
349,470
3,778,113
Nissan Chemical Corp.
268,909
12,684,451
Nissan Motor Co. Ltd. *
4,775,501
11,903,504
Nisshin Seifun Group, Inc.
533,503
6,585,422
SECURITY
NUMBER
OF SHARES
VALUE ($)
Nissin Foods Holdings Co. Ltd.
426,890
7,176,064
Niterra Co. Ltd.
425,262
27,154,898
Nitori Holdings Co. Ltd.
946,321
15,565,937
Nitto Denko Corp.
1,516,147
28,481,925
NOF Corp.
467,837
8,214,112
NOK Corp.
140,160
2,540,119
Nomura Holdings, Inc.
6,437,624
51,965,242
Nomura Real Estate Holdings, Inc.
1,257,235
7,183,749
Nomura Real Estate Master Fund,
Inc.
9,042
8,667,688
Nomura Research Institute Ltd.
949,276
29,947,007
NS Solutions Corp. (a)
137,275
3,005,235
NSK Ltd.
1,058,063
8,301,531
NTT, Inc.
60,624,157
56,933,925
Obayashi Corp.
1,387,874
28,291,043
OBIC Business Consultants Co. Ltd.
56,739
2,180,240
Obic Co. Ltd.
714,899
17,914,015
Odakyu Electric Railway Co. Ltd.
691,134
7,022,484
Oji Holdings Corp.
1,808,560
8,886,586
Olympus Corp.
2,363,882
26,513,671
Omron Corp.
437,698
15,793,312
Ono Pharmaceutical Co. Ltd.
915,412
13,757,920
Open House Group Co. Ltd.
148,913
8,087,831
Oracle Corp. Japan (a)
74,772
4,047,430
Organo Corp.
53,688
5,382,628
Oriental Land Co. Ltd.
2,334,744
33,666,718
ORIX Corp.
2,495,170
97,759,754
Orix JREIT, Inc.
11,290
6,815,560
Osaka Gas Co. Ltd.
777,486
26,183,193
Otsuka Corp.
470,955
8,546,950
Otsuka Holdings Co. Ltd.
975,719
71,804,435
PALTAC Corp.
62,297
2,594,567
Pan Pacific International Holdings
Corp.
4,265,608
23,531,987
Panasonic Holdings Corp.
4,987,975
115,933,837
Park24 Co. Ltd.
264,248
3,081,704
Persol Holdings Co. Ltd.
4,161,161
6,336,236
Pola Orbis Holdings, Inc. (a)
154,622
1,251,526
Rakus Co. Ltd.
388,276
2,454,927
Rakuten Bank Ltd. *
203,628
5,951,888
Rakuten Group, Inc. *
3,241,676
15,176,965
Recruit Holdings Co. Ltd.
2,945,813
195,597,986
Relo Group, Inc.
210,767
2,438,140
Renesas Electronics Corp.
3,612,161
102,108,955
Resona Holdings, Inc.
4,904,747
62,838,316
Resonac Holdings Corp.
403,776
47,482,170
Resorttrust, Inc.
351,915
3,754,806
Ricoh Co. Ltd.
1,176,280
10,777,086
Rinnai Corp.
255,617
5,448,260
Rohm Co. Ltd.
702,984
24,102,561
Rohto Pharmaceutical Co. Ltd.
430,542
6,439,604
Rorze Corp.
209,549
5,177,186
Round One Corp.
341,374
1,939,864
Ryohin Keikaku Co. Ltd.
1,058,816
25,826,889
Sankyo Co. Ltd.
406,113
4,116,234
Sankyu, Inc.
98,902
5,578,498
Sanrio Co. Ltd.
2,240,742
12,051,783
Santen Pharmaceutical Co. Ltd.
705,209
8,485,633
Sanwa Holdings Corp.
425,330
9,738,852
Sapporo Holdings Ltd.
788,337
7,888,817
Sawai Group Holdings Co. Ltd.
239,559
2,632,004
SBI Holdings, Inc.
1,180,472
21,579,079
SCREEN Holdings Co. Ltd.
393,476
27,485,728
Secom Co. Ltd.
882,303
35,194,573
Sega Sammy Holdings, Inc.
308,936
4,483,929
Seibu Holdings, Inc.
353,376
6,258,833
Seiko Epson Corp.
621,484
11,429,075
Seino Holdings Co. Ltd.
220,781
3,777,922
Sekisui Chemical Co. Ltd.
853,737
12,286,648
10
  

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Sekisui House Ltd.
1,323,389
27,874,385
Sekisui House Reit, Inc.
8,241
4,245,003
Seven & i Holdings Co. Ltd.
4,639,413
54,193,030
Seven Bank Ltd.
1,396,919
2,370,173
SG Holdings Co. Ltd.
929,054
8,453,639
Sharp Corp. *
643,821
2,513,567
SHIFT, Inc. *(a)
460,382
2,029,336
Shikoku Electric Power Co., Inc.
323,917
2,966,713
Shimadzu Corp.
546,124
12,950,676
Shimamura Co. Ltd.
316,030
6,535,403
Shimano, Inc.
171,182
17,748,344
Shimizu Corp.
1,125,444
18,957,711
Shin-Etsu Chemical Co. Ltd.
4,128,594
201,203,796
Shionogi & Co. Ltd.
1,649,957
31,094,108
Shiseido Co. Ltd.
860,709
15,195,820
Shizuoka Financial Group, Inc.
992,007
17,890,898
SHO-BOND Holdings Co. Ltd.
366,590
2,932,674
SKY Perfect JSAT Corp.
291,258
8,178,424
Skylark Holdings Co. Ltd. (a)
503,750
8,890,544
SMC Corp.
122,146
53,027,892
Socionext, Inc.
403,429
6,677,778
SoftBank Corp.
63,314,015
85,630,425
SoftBank Group Corp.
8,752,504
411,866,370
Sojitz Corp.
469,291
15,892,630
Sompo Holdings, Inc.
1,901,933
71,183,597
Sony Financial Group, Inc.
13,139,625
11,555,672
Sony Group Corp.
13,386,118
289,602,302
Sotetsu Holdings, Inc.
156,484
2,398,032
Square Enix Holdings Co. Ltd.
592,332
9,516,233
Stanley Electric Co. Ltd.
242,701
5,413,853
Subaru Corp.
1,277,883
19,602,929
Sugi Holdings Co. Ltd.
277,722
4,801,996
SUMCO Corp.
832,776
20,893,946
Sumitomo Bakelite Co. Ltd.
127,475
5,525,331
Sumitomo Chemical Co. Ltd.
3,548,434
13,601,699
Sumitomo Corp.
2,246,134
100,165,244
Sumitomo Electric Industries Ltd.
1,689,543
133,569,311
Sumitomo Forestry Co. Ltd.
1,078,085
8,841,259
Sumitomo Heavy Industries Ltd.
232,531
7,627,846
Sumitomo Metal Mining Co. Ltd.
552,235
31,543,896
Sumitomo Mitsui Financial Group,
Inc.
8,102,748
296,186,259
Sumitomo Mitsui Trust Group, Inc.
1,407,230
48,389,830
Sumitomo Pharma Co. Ltd. *
443,169
4,518,269
Sumitomo Realty & Development Co.
Ltd.
1,447,549
33,799,483
Sumitomo Rubber Industries Ltd.
364,471
4,764,521
Sundrug Co. Ltd.
135,459
3,086,311
Suntory Beverage & Food Ltd.
307,045
8,349,757
Suzuken Co. Ltd.
132,056
4,384,170
Suzuki Motor Corp.
3,890,888
48,235,866
Sysmex Corp.
1,018,752
8,940,238
T&D Holdings, Inc.
1,011,390
26,645,956
Taiheiyo Cement Corp.
232,463
6,615,098
Taisei Corp.
319,934
28,156,764
Taiyo Holdings Co. Ltd.
188,207
5,866,469
Taiyo Yuden Co. Ltd.
282,159
26,259,097
Takara Holdings, Inc.
359,442
5,028,440
Takasago Thermal Engineering Co.
Ltd.
230,095
6,835,349
Takashimaya Co. Ltd.
559,331
7,002,618
Takeda Pharmaceutical Co. Ltd.
3,528,458
113,440,845
TBS Holdings, Inc.
69,340
2,530,285
TDK Corp.
4,207,385
108,574,267
Teijin Ltd.
377,241
3,913,647
Terumo Corp.
3,178,223
47,935,884
THK Co. Ltd.
236,035
11,328,019
TIS, Inc.
471,931
10,023,235
Tobu Railway Co. Ltd.
418,125
7,309,767
SECURITY
NUMBER
OF SHARES
VALUE ($)
Toda Corp.
490,939
4,800,217
Toei Animation Co. Ltd.
180,377
2,680,897
Toho Co. Ltd.
1,156,973
8,932,218
Toho Gas Co. Ltd.
732,078
5,656,486
Tohoku Electric Power Co., Inc.
1,087,731
6,877,324
Tokio Marine Holdings, Inc.
4,012,024
179,216,676
Tokyo Century Corp.
344,517
5,111,811
Tokyo Electric Power Co. Holdings,
Inc. *
3,565,103
12,646,609
Tokyo Electron Ltd.
983,984
324,018,100
Tokyo Gas Co. Ltd.
718,282
28,787,230
Tokyo Metro Co. Ltd. (a)
641,101
5,887,868
Tokyo Ohka Kogyo Co. Ltd.
225,512
15,597,004
Tokyo Seimitsu Co. Ltd.
91,183
9,958,015
Tokyo Tatemono Co. Ltd.
407,566
8,369,453
Tokyu Corp.
1,084,823
10,882,985
Tokyu Fudosan Holdings Corp.
1,242,420
10,294,315
Tomy Co. Ltd.
189,385
3,758,196
TOPPAN Holdings, Inc.
538,528
15,432,909
Toray Industries, Inc.
3,072,136
23,003,870
Toridoll Holdings Corp.
87,081
2,069,398
Tosoh Corp.
569,893
9,844,876
TOTO Ltd.
322,857
15,571,933
Toyo Seikan Group Holdings Ltd.
238,983
5,839,838
Toyo Suisan Kaisha Ltd.
189,709
13,299,532
Toyo Tire Corp.
246,772
5,876,705
Toyoda Gosei Co. Ltd.
202,984
6,154,933
Toyota Boshoku Corp.
206,239
2,965,520
Toyota Motor Corp.
23,632,305
451,595,401
Toyota Tsusho Corp.
1,524,613
66,370,803
Trend Micro, Inc.
271,627
10,254,905
Tsumura & Co.
137,713
3,295,977
Tsuruha Holdings, Inc. (a)
451,840
5,595,845
UBE Corp.
204,653
3,795,703
Ulvac, Inc.
98,800
5,898,582
U-Next Holdings Co. Ltd.
99,992
1,008,148
Unicharm Corp.
2,709,756
16,140,402
United Urban Investment Corp.
6,296
6,415,046
USS Co. Ltd.
841,155
9,286,575
Visional, Inc. *
45,347
2,236,158
West Japan Railway Co.
999,928
16,510,527
Workman Co. Ltd.
47,943
2,403,324
Yakult Honsha Co. Ltd.
538,745
9,074,972
Yamada Holdings Co. Ltd.
1,192,314
4,677,430
Yamaguchi Financial Group, Inc.
418,367
7,202,304
Yamaha Corp.
826,741
6,003,597
Yamaha Motor Co. Ltd.
2,022,912
16,659,574
Yamato Holdings Co. Ltd.
583,548
6,664,302
Yamato Kogyo Co. Ltd.
67,642
5,007,607
Yamazaki Baking Co. Ltd.
287,512
5,656,684
Yaskawa Electric Corp.
596,148
26,993,120
Yokogawa Electric Corp.
554,520
17,420,407
Yokohama Financial Group, Inc.
2,397,284
24,448,713
Yokohama Rubber Co. Ltd.
272,373
12,283,220
Zenkoku Hosho Co. Ltd.
270,779
5,046,808
Zensho Holdings Co. Ltd.
197,269
9,978,076
Zeon Corp.
383,627
5,276,408
ZOZO, Inc. (a)
913,941
5,684,932
 
13,653,366,827
 
Netherlands 3.9%
ABN AMRO Bank NV, GDR
1,156,552
46,049,647
Adyen NV *
58,140
63,728,173
Aegon Ltd.
2,928,501
24,988,125
Akzo Nobel NV
376,778
28,869,452
ArcelorMittal SA
945,584
65,456,590
ASM International NV
103,402
108,405,371
ASML Holding NV
864,441
1,396,929,635
  
11

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
ASR Nederland NV
347,562
26,079,267
BE Semiconductor Industries NV
157,473
52,262,215
CSG NV *
327,495
6,869,891
CTP NV
291,143
5,517,527
CVC Capital Partners PLC
468,443
7,510,963
DSM-Firmenich AG
397,261
33,452,192
EXOR NV
197,990
15,468,420
HAL Trust
39,187
7,828,849
Heineken Holding NV
256,866
18,554,506
Heineken NV
613,206
47,986,830
IMCD NV
128,609
13,258,087
ING Groep NV, Series N
6,490,917
202,241,108
InPost SA *
585,729
10,498,810
Koninklijke Ahold Delhaize NV
2,009,554
84,820,398
Koninklijke KPN NV
8,174,549
42,602,456
Koninklijke Philips NV
1,696,005
45,263,216
Magnum Ice Cream Co. NV *
1,060,051
17,189,715
NN Group NV
577,197
48,280,769
Prosus NV *
2,684,723
122,247,185
Randstad NV (a)
226,783
6,970,732
Universal Music Group NV
2,076,700
47,256,385
Wolters Kluwer NV
510,820
36,374,097
 
2,632,960,611
 
New Zealand 0.2%
Auckland International Airport Ltd.
3,727,414
18,455,351
Contact Energy Ltd.
1,832,061
10,463,994
EBOS Group Ltd.
442,126
5,166,959
Fisher & Paykel Healthcare Corp.
Ltd., Class C
1,260,402
28,139,127
Fletcher Building Ltd. *
2,538,194
4,771,596
Infratil Ltd.
2,007,660
18,943,296
Mainfreight Ltd.
165,888
6,430,784
Mercury NZ Ltd.
1,567,260
6,521,313
Meridian Energy Ltd.
2,742,371
9,637,701
Ryman Healthcare Ltd. *
1,652,483
2,235,911
Spark New Zealand Ltd.
3,613,244
4,239,967
 
115,005,999
 
Norway 0.5%
Aker ASA, A Shares
49,025
6,614,383
Aker BP ASA
701,727
25,272,263
DNB Bank ASA
1,807,010
56,234,264
Equinor ASA
1,496,251
54,291,592
Gjensidige Forsikring ASA
398,210
11,012,521
Kongsberg Gruppen ASA
907,060
32,618,094
Kongsberg Maritime AS *
902,627
5,700,061
Mowi ASA
960,686
21,220,975
Norsk Hydro ASA
2,897,970
35,521,722
Orkla ASA
1,487,065
15,723,741
Salmar ASA
147,987
9,205,922
Telenor ASA
1,385,921
22,675,488
Var Energi ASA
2,039,605
10,055,355
Vend Marketplaces ASA, B Shares
364,902
9,696,265
Yara International ASA
361,267
19,668,773
 
335,511,419
 
Poland 0.4%
Allegro.eu SA *
1,981,652
19,021,517
Bank Polska Kasa Opieki SA *
389,594
26,020,981
Dino Polska SA *
1,085,385
9,230,178
Erste Bank Polska SA
92,219
15,623,607
KGHM Polska Miedz SA *
311,763
30,089,115
LPP SA
2,919
18,198,415
mBank SA *
29,855
10,551,218
ORLEN SA
1,286,252
50,344,879
SECURITY
NUMBER
OF SHARES
VALUE ($)
Powszechna Kasa Oszczednosci
Bank Polski SA
1,905,054
54,177,636
Powszechny Zaklad Ubezpieczen SA
1,237,417
22,002,776
 
255,260,322
 
Portugal 0.1%
Banco Comercial Portugues SA,
Class R
19,841,092
22,514,517
EDP Renewables SA
714,555
11,815,651
EDP Renovaveis SA *(b)
6,366
105,266
EDP SA
6,706,226
34,175,391
Galp Energia SGPS SA
924,460
20,103,406
Jeronimo Martins SGPS SA
615,272
13,038,725
 
101,752,956
 
Republic of Korea 9.8%
ABLBio, Inc. *
88,955
6,605,219
Alteogen, Inc. *
87,331
21,383,636
Amorepacific Corp.
61,226
4,676,253
Amorepacific Holdings Corp.
51,072
776,078
APR Corp.
54,266
14,241,674
BGF retail Co. Ltd.
15,711
1,294,828
BNK Financial Group, Inc.
609,193
6,799,354
Celltrion Pharm, Inc.
44,308
1,402,450
Celltrion, Inc. *
320,894
41,075,284
Cheil Worldwide, Inc.
137,621
1,685,789
CJ CheilJedang Corp.
15,539
2,082,865
CJ Corp.
25,393
2,724,650
CJ Logistics Corp.
15,463
877,297
Coway Co. Ltd.
112,749
6,733,517
DB Insurance Co. Ltd.
93,079
8,838,490
Dongsuh Cos., Inc.
62,933
1,025,219
Doosan Bobcat, Inc.
98,072
4,210,523
Doosan Co. Ltd.
15,305
20,027,512
Doosan Enerbility Co. Ltd. *
977,918
68,525,641
Ecopro BM Co. Ltd.
111,609
16,071,104
Ecopro Co. Ltd. *
229,937
21,208,522
Ecopro Materials Co. Ltd. *
67,800
2,798,381
E-MART, Inc.
38,661
2,208,834
F&F Co. Ltd.
48,551
2,348,618
GC Biopharma Corp.
18,578
1,743,151
GS Engineering & Construction Corp.
169,802
3,436,603
GS Holdings Corp.
109,896
5,286,967
GS Retail Co. Ltd.
61,798
1,047,736
Hana Financial Group, Inc.
602,075
45,984,627
Hanjin Kal Corp.
49,391
3,608,460
Hankook Tire & Technology Co. Ltd.
147,564
6,540,992
Hanmi Pharm Co. Ltd.
14,977
4,879,699
Hanmi Science Co. Ltd.
49,240
1,037,405
Hanmi Semiconductor Co. Ltd.
92,365
17,283,962
Hanon Systems *
899,094
3,358,924
Hanwha Aerospace Co. Ltd.
75,755
58,965,239
Hanwha Corp.
60,405
5,359,090
Hanwha Life Insurance Co. Ltd. *
695,338
2,251,659
Hanwha Ocean Co. Ltd. *
283,236
23,173,855
Hanwha Solutions Corp. *
227,121
6,307,242
Hanwha Systems Co. Ltd.
162,791
11,342,439
Hanwha Vision Co. Ltd. *
70,486
3,138,428
HD Hyundai Co. Ltd.
95,794
17,639,572
HD Hyundai Electric Co. Ltd.
49,643
34,687,511
HD Hyundai Heavy Industries Co.
Ltd.
70,952
32,768,807
HD Hyundai Marine Solution Co.
Ltd., Class C
36,366
5,405,431
HD Korea Shipbuilding & Offshore
Engineering Co. Ltd.
98,684
27,699,623
12
  

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
HL Mando Co. Ltd.
65,103
2,682,745
HLB, Inc. *
278,316
9,381,853
HMM Co. Ltd.
620,752
8,057,007
Hotel Shilla Co. Ltd. *
61,871
2,262,171
HYBE Co. Ltd. *
46,324
6,762,628
Hyosung Heavy Industries Corp.
11,662
28,516,569
Hyundai Autoever Corp.
14,297
8,832,453
Hyundai Engineering & Construction
Co. Ltd.
165,107
16,105,328
Hyundai Glovis Co. Ltd.
83,758
13,477,979
Hyundai Marine & Fire Insurance Co.
Ltd. *
113,031
2,591,388
Hyundai Mobis Co. Ltd.
130,373
66,440,918
Hyundai Motor Co.
299,624
143,747,944
Hyundai Rotem Co. Ltd.
163,700
21,779,595
Hyundai Steel Co.
196,272
5,229,145
iM Financial Group Co. Ltd.
317,504
3,653,298
Industrial Bank of Korea
569,492
7,633,536
IsuPetasys Co. Ltd.
120,067
10,293,734
Kakao Corp.
682,270
18,992,187
KakaoBank Corp.
434,789
6,462,690
Kakaopay Corp. *
95,794
2,958,998
Kangwon Land, Inc.
212,625
2,120,606
KB Financial Group, Inc.
797,890
79,736,054
KCC Corp.
6,882
2,511,679
KEPCO Plant Service & Engineering
Co. Ltd.
41,987
1,420,927
Kia Corp.
525,295
58,978,045
Korea Aerospace Industries Ltd.
159,019
17,759,056
Korea Electric Power Corp.
577,230
14,899,965
Korea Gas Corp.
50,869
1,198,308
Korea Investment Holdings Co. Ltd.
95,719
15,085,111
Korea Zinc Co. Ltd.
9,026
8,223,423
Korean Air Lines Co. Ltd.
420,300
7,474,479
Krafton, Inc. *
62,348
10,653,358
KT&G Corp.
221,538
27,152,003
Kumho Petrochemical Co. Ltd.
32,395
2,843,967
L&F Co. Ltd. *
65,473
7,311,948
LG Chem Ltd.
101,526
24,724,646
LG CNS Co. Ltd.
102,603
7,747,990
LG Corp.
181,267
17,633,538
LG Display Co. Ltd. *
695,482
7,425,551
LG Electronics, Inc.
231,793
45,066,589
LG Energy Solution Ltd. *
92,069
27,981,156
LG H&H Co. Ltd.
20,885
3,430,018
LG Innotek Co. Ltd.
32,975
31,902,820
LG Uplus Corp.
425,839
4,557,918
LIG Defense&Aerospace Co. Ltd.
30,024
15,958,344
Lotte Chemical Corp.
36,681
1,964,271
Lotte Corp.
51,255
865,587
Lotte Shopping Co. Ltd.
22,085
2,164,535
LS Corp.
36,612
10,835,403
LS Electric Co. Ltd.
172,020
27,566,576
Meritz Financial Group, Inc. *
154,503
10,549,674
Mirae Asset Securities Co. Ltd.
443,126
18,054,371
Misto Holdings Corp.
61,250
1,522,105
NAVER Corp.
330,774
51,361,059
NC Corp.
30,633
5,884,707
Netmarble Corp.
42,480
1,198,009
NH Investment & Securities Co. Ltd.,
Class C
289,500
5,801,526
NongShim Co. Ltd.
8,626
2,203,723
Orion Corp.
42,535
3,657,954
Pan Ocean Co. Ltd.
492,553
1,794,370
Pearl Abyss Corp. *
73,237
2,121,297
Posco DX Co. Ltd.
109,962
2,367,795
POSCO Future M Co. Ltd.
75,445
12,290,476
POSCO Holdings, Inc.
166,296
46,732,818
Posco International Corp.
93,326
3,951,028
SECURITY
NUMBER
OF SHARES
VALUE ($)
Rainbow Robotics *
17,564
8,181,770
S-1 Corp.
37,978
1,723,753
Samsung Biologics Co. Ltd. *
26,178
23,676,585
Samsung C&T Corp.
174,207
49,996,369
Samsung Card Co. Ltd.
64,250
1,967,576
Samsung E&A Co. Ltd.
353,736
12,417,143
Samsung Electro-Mechanics Co. Ltd.
122,181
172,447,901
Samsung Electronics Co. Ltd.
10,497,743
2,208,218,003
Samsung Episholdings Co. Ltd. *
13,984
4,491,212
Samsung Fire & Marine Insurance
Co. Ltd.
69,349
26,184,194
Samsung Heavy Industries Co. Ltd. *
1,434,271
26,601,111
Samsung Life Insurance Co. Ltd.
173,069
44,616,660
Samsung SDI Co. Ltd. *
136,448
62,293,447
Samsung SDS Co. Ltd.
84,977
16,860,068
Samsung Securities Co. Ltd.
146,169
11,619,805
Samyang Foods Co. Ltd.
9,628
7,698,567
Shinhan Financial Group Co. Ltd.
935,518
58,105,166
SK Biopharmaceuticals Co. Ltd. *
56,721
3,376,160
SK Bioscience Co. Ltd. *
47,767
1,296,397
SK Hynix, Inc.
1,205,230
1,865,827,200
SK IE Technology Co. Ltd. *
50,774
650,595
SK Innovation Co. Ltd. *
154,216
12,198,107
SK Square Co. Ltd. *
199,685
163,378,636
SK Telecom Co. Ltd.
34,118
2,277,552
SK, Inc.
80,405
36,067,538
SKC Co. Ltd. *
57,737
5,336,937
S-Oil Corp.
94,806
6,756,579
Woori Financial Group, Inc.
1,520,993
29,975,774
Yuhan Corp.
119,690
6,750,929
 
6,496,107,843
 
Singapore 1.2%
CapitaLand Ascendas REIT
9,002,854
17,647,810
CapitaLand Ascott Trust
4,532,284
3,180,613
CapitaLand Integrated Commercial
Trust
13,112,354
23,338,726
CapitaLand Investment Ltd.
4,747,137
9,454,446
City Developments Ltd.
925,948
6,229,375
ComfortDelGro Corp. Ltd.
5,248,912
5,309,207
DBS Group Holdings Ltd.
4,482,091
220,844,943
Frasers Logistics & Commercial
Trust *
6,078,597
4,766,219
Genting Singapore Ltd.
13,185,847
6,203,402
Hutchison Port Holdings Trust,
U Shares
10,664,763
2,186,276
Jardine Cycle & Carriage Ltd.
120,593
2,798,881
Keppel DC REIT
4,579,972
8,295,554
Keppel Ltd.
3,070,580
25,906,175
Keppel REIT
6,889,723
4,672,921
Mapletree Industrial Trust
4,563,713
6,942,097
Mapletree Logistics Trust
9,239,342
8,693,465
Mapletree Pan Asia Commercial
Trust
4,641,940
4,658,865
Netlink NBN Trust
6,136,111
4,787,259
Olam Group Ltd.
2,391,643
2,344,105
Oversea-Chinese Banking Corp. Ltd.
7,244,806
132,927,009
SATS Ltd.
1,827,232
5,516,010
Seatrium Ltd.
4,492,344
7,467,573
Sembcorp Industries Ltd.
2,137,604
10,710,228
SIA Engineering Co. Ltd.
454,491
1,151,061
Singapore Airlines Ltd.
3,244,851
17,250,237
Singapore Exchange Ltd.
1,817,231
31,176,551
Singapore Technologies Engineering
Ltd.
3,359,826
29,979,864
Singapore Telecommunications Ltd.
15,941,936
54,250,208
StarHub Ltd.
1,197,236
966,913
  
13

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Suntec Real Estate Investment Trust
4,321,961
4,981,599
Thai Beverage PCL
16,758,474
5,913,132
United Overseas Bank Ltd.
2,682,315
79,080,287
UOL Group Ltd.
1,043,931
8,308,229
Venture Corp. Ltd.
545,465
7,698,569
Wilmar International Ltd.
4,152,174
11,688,011
Yangzijiang Maritime Development
Ltd.
4,852,115
2,358,812
 
779,684,632
 
Spain 2.8%
Acciona SA
52,605
15,150,407
ACS Actividades de Construccion y
Servicios SA
397,949
57,723,235
Aena SME SA
1,530,160
44,461,930
Amadeus IT Group SA
961,510
61,420,128
Banco Bilbao Vizcaya Argentaria SA
12,640,874
296,647,909
Banco de Sabadell SA
10,958,912
37,086,646
Banco Santander SA
32,583,784
407,917,560
Bankinter SA
1,411,758
23,830,372
CaixaBank SA
8,037,924
108,806,290
Cellnex Telecom SA *
1,254,197
42,180,513
Corp. ACCIONA Energias Renovables
SA
67,107
1,810,538
Endesa SA
693,985
29,041,062
Ferrovial NV
1,051,585
72,033,514
Grifols SA (a)
676,482
7,325,822
Iberdrola SA
14,617,689
332,633,088
Indra Sistemas SA
190,025
12,613,118
Industria de Diseno Textil SA
2,428,524
151,050,347
Mapfre SA
2,033,706
9,545,141
Merlin Properties Socimi SA
937,518
16,541,829
Naturgy Energy Group SA
1,043,165
34,742,342
Redeia Corp. SA
909,448
15,632,655
Repsol SA
2,416,912
62,161,938
Telefonica SA (a)
9,006,832
41,390,426
 
1,881,746,810
 
Sweden 2.5%
AAK AB
398,884
10,722,444
AddTech AB, B Shares
507,617
18,109,446
Alfa Laval AB
610,469
34,340,844
Assa Abloy AB, B Shares
2,169,392
78,169,303
Atlas Copco AB, A Shares
5,607,475
107,767,735
Atlas Copco AB, B Shares
3,396,305
57,749,967
Axfood AB
255,725
7,306,231
Beijer Ref AB, B Shares
1,016,841
14,173,496
Boliden AB
628,792
39,212,459
Castellum AB
719,044
9,773,376
Epiroc AB, A Shares
1,437,759
42,775,014
Epiroc AB, B Shares
784,923
20,096,477
EQT AB
1,198,132
41,459,202
Essity AB, B Shares
1,292,541
36,340,795
Evolution AB *
290,849
21,949,323
Fastighets AB Balder, B Shares *
1,552,804
8,916,651
Getinge AB, B Shares
508,660
10,458,842
H & M Hennes & Mauritz AB,
B Shares
1,005,961
17,884,114
Hexagon AB, B Shares
4,542,772
42,026,760
Holmen AB, B Shares
170,926
5,686,889
Industrivarden AB, A Shares
236,266
13,434,018
Industrivarden AB, C Shares
333,543
18,286,028
Indutrade AB
585,215
12,264,273
Investment AB Latour, B Shares
294,190
6,358,066
Investor AB, A Shares
1,107,535
45,017,506
Investor AB, B Shares
3,877,315
159,888,196
L E Lundbergforetagen AB, B Shares
150,123
8,861,131
SECURITY
NUMBER
OF SHARES
VALUE ($)
Lifco AB, B Shares
473,034
15,236,272
Nibe Industrier AB, B Shares (a)
3,292,625
12,934,071
Saab AB, B Shares
816,986
50,373,393
Sagax AB, B Shares
452,882
8,171,569
Sagax AB, D Shares
343,423
1,320,393
Sandvik AB
2,285,332
93,187,935
Securitas AB, B Shares
1,072,611
17,913,153
Skandinaviska Enskilda Banken AB,
A Shares
3,418,838
68,463,775
Skandinaviska Enskilda Banken AB,
C Shares
5,327
109,618
Skanska AB, B Shares
729,189
19,775,152
SKF AB, B Shares
737,112
19,391,277
SSAB AB, A Shares
493,256
5,090,020
SSAB AB, B Shares
1,323,443
13,642,575
Svenska Cellulosa AB SCA, B Shares
1,292,113
14,246,024
Svenska Handelsbanken AB,
A Shares
3,212,673
47,477,240
Svenska Handelsbanken AB,
B Shares (a)
79,413
1,971,295
Sweco AB, B Shares
472,030
6,901,584
Swedbank AB, A Shares
1,792,228
66,267,743
Swedish Orphan Biovitrum AB *
429,825
20,585,234
Tele2 AB, B Shares
1,246,278
23,391,544
Telefonaktiebolaget LM Ericsson,
B Shares
6,133,072
79,774,938
Telia Co. AB
5,114,362
27,423,937
Trelleborg AB, B Shares
426,007
18,612,214
Verisure PLC *
649,670
8,665,451
Volvo AB, A Shares
446,009
15,718,336
Volvo AB, B Shares
3,438,009
121,200,220
Volvo Car AB, B Shares *(a)
1,353,525
3,505,026
 
1,670,378,575
 
Switzerland 7.0%
ABB Ltd.
3,456,872
369,954,101
Alcon AG
1,091,138
72,756,498
Amrize Ltd. *
1,104,447
59,522,958
Avolta AG *
206,325
13,018,266
Bachem Holding AG
46,937
4,616,508
Banque Cantonale Vaudoise
66,228
9,959,416
Barry Callebaut AG
7,935
12,217,067
Belimo Holding AG
21,425
22,676,745
BKW AG
41,516
7,863,785
Chocoladefabriken Lindt & Spruengli
AG
232
28,356,050
Chocoladefabriken Lindt & Spruengli
AG, Participation Certificates
2,208
26,294,797
Cie Financiere Richemont SA,
Class A
1,175,957
254,199,958
EMS-Chemie Holding AG
14,262
13,023,532
Flughafen Zurich AG
40,768
12,365,798
Galderma Group AG *
410,831
87,571,387
Geberit AG
73,689
48,418,676
Georg Fischer AG
180,952
10,055,591
Givaudan SA
17,097
63,455,942
Helvetia Baloise Holding AG
171,028
44,434,228
Holcim AG *
1,091,022
108,103,824
Julius Baer Group Ltd.
453,820
37,183,793
Kuehne & Nagel International AG
103,737
23,944,414
Logitech International SA
332,577
40,393,623
Lonza Group AG
154,380
98,869,587
Nestle SA
5,740,594
583,647,261
Novartis AG
4,284,025
645,989,410
Partners Group Holding AG
47,995
50,811,370
PSP Swiss Property AG
107,153
20,406,177
Roche Holding AG
1,565,614
659,828,105
14
  

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Roche Holding AG, Bearer Shares
65,633
28,274,228
Sandoz Group AG
913,721
76,713,506
Schindler Holding AG
43,745
14,360,520
Schindler Holding AG, Participation
Certificates
90,624
30,619,743
SGS SA
367,970
41,857,265
SIG Group AG *
700,229
10,825,835
Sika AG
352,921
69,242,707
Sonova Holding AG
111,415
29,602,296
Straumann Holding AG
239,526
29,036,799
Swatch Group AG
132,736
7,236,902
Swatch Group AG, Bearer Shares (a)
53,702
14,859,375
Swiss Life Holding AG
63,355
68,986,285
Swiss Prime Site AG
179,370
30,049,956
Swiss Re AG
656,305
98,863,632
Swisscom AG
56,418
48,269,576
Swissquote Group Holding S.A.
252,290
12,786,439
Temenos AG
121,897
10,538,353
UBS Group AG
6,964,731
330,163,993
VAT Group AG
60,413
47,226,288
VZ Holding AG
33,762
6,420,981
Zurich Insurance Group AG
331,622
236,402,962
 
4,672,276,508
 
United Kingdom 11.1%
3i Group PLC
2,223,427
68,183,332
Admiral Group PLC
557,357
24,762,507
Airtel Africa PLC
1,587,719
7,546,228
Anglo American PLC
2,353,899
126,536,821
Antofagasta PLC
751,206
41,495,877
Associated British Foods PLC
642,194
15,772,065
AstraZeneca PLC
3,339,330
621,262,742
Autotrader Group PLC
1,946,941
11,586,638
Aviva PLC
6,691,012
55,305,446
BAE Systems PLC
6,675,060
182,022,470
Barclays PLC
31,033,345
191,566,957
Barratt Redrow PLC
3,019,749
10,701,271
Beazley PLC
1,339,589
23,131,013
Berkeley Group Holdings PLC *
209,777
9,738,565
BP PLC
34,847,393
245,102,824
British American Tobacco PLC
4,686,828
290,041,575
British Land Co. PLC
2,107,731
11,512,206
BT Group PLC
12,543,049
35,302,671
Bunzl PLC
720,938
22,875,907
Burberry Group PLC *
810,204
12,876,035
Centrica PLC
10,339,973
26,133,322
Coca-Cola Europacific Partners PLC
461,700
42,070,776
Coca-Cola HBC AG *
449,658
25,844,817
Compass Group PLC
3,790,654
121,945,339
Convatec Group PLC
4,363,721
11,893,566
Croda International PLC
306,522
12,564,697
DCC PLC
207,164
16,768,771
Diageo PLC
4,971,112
102,890,983
Diploma PLC
294,754
27,772,235
Endeavour Mining PLC
448,362
27,764,748
Entain PLC
1,313,586
9,451,724
Experian PLC
2,039,637
70,740,254
Fresnillo PLC
421,871
18,686,208
Glencore PLC *
23,391,708
179,032,250
GSK PLC
8,899,429
225,704,549
Haleon PLC
19,818,127
89,945,548
Halma PLC
832,442
52,536,283
Hiscox Ltd.
754,573
17,789,552
Howden Joinery Group PLC
1,214,185
12,569,559
HSBC Holdings PLC
38,289,918
719,277,576
ICG PLC
610,283
15,358,526
IMI PLC
539,266
20,222,466
Imperial Brands PLC
1,674,465
60,851,307
SECURITY
NUMBER
OF SHARES
VALUE ($)
Informa PLC
2,885,277
31,549,276
InterContinental Hotels Group PLC
321,278
49,525,004
International Consolidated Airlines
Group SA
4,918,992
28,518,029
Intertek Group PLC
343,788
24,653,370
J Sainsbury PLC
3,852,645
15,387,377
JD Sports Fashion PLC
5,628,516
6,392,773
Kingfisher PLC
3,946,175
15,292,840
Land Securities Group PLC
1,631,472
13,832,613
Legal & General Group PLC
12,267,468
44,878,540
Lloyds Banking Group PLC
132,292,481
181,711,868
London Stock Exchange Group PLC
1,080,495
131,401,260
M&G PLC
4,552,992
19,393,577
Marks & Spencer Group PLC
4,783,535
22,948,320
Melrose Industries PLC
2,770,382
17,577,528
Metlen Energy & Metals PLC *(a)
264,877
12,827,572
Mondi PLC
946,852
9,625,927
National Grid PLC
11,033,698
177,805,266
NatWest Group PLC
17,778,000
143,639,402
Next PLC
256,049
45,610,433
NMC Health PLC *(b)
136,583
0
Pearson PLC
1,382,469
20,722,118
Persimmon PLC
698,332
10,481,565
Prudential PLC
5,661,909
81,776,592
Reckitt Benckiser Group PLC
1,465,296
90,678,975
RELX PLC
4,040,562
133,438,701
Rentokil Initial PLC
5,588,693
33,809,368
Rightmove PLC
1,626,371
9,200,947
Rio Tinto PLC
2,304,992
247,566,966
Rolls-Royce Holdings PLC
18,942,298
341,482,090
Sage Group PLC
2,070,402
23,509,694
Schroders PLC
1,677,867
13,208,221
Segro PLC
3,038,189
29,592,843
Severn Trent PLC
574,787
23,011,098
Shell PLC
12,687,853
533,259,003
Smith & Nephew PLC
1,931,403
28,924,170
Smiths Group PLC
693,533
23,034,659
Spirax Group PLC
160,367
15,056,016
SSE PLC
2,676,688
84,103,481
St. James's Place PLC
1,152,547
18,798,273
Standard Chartered PLC
4,017,043
107,943,543
Standard Life PLC
1,632,261
17,073,607
Sunbelt Rentals Holdings, Inc.
922,272
72,626,401
Taylor Wimpey PLC
7,876,554
8,470,406
Tesco PLC
13,779,362
79,904,909
Unilever PLC
4,773,600
270,606,117
United Utilities Group PLC
1,649,711
29,886,915
Vodafone Group PLC
40,839,453
61,325,211
Weir Group PLC
562,362
18,541,564
Whitbread PLC
371,467
11,756,885
Wise Group plc, Class A *
1,618,529
20,377,050
Zegona Communications PLC
388,158
9,689,993
 
7,377,566,562
Total Common Stocks
(Cost $38,594,811,995)
65,657,557,556
PREFERRED STOCKS 0.6% OF NET ASSETS
 
Germany 0.2%
Bayerische Motoren Werke AG
125,664
10,946,942
FUCHS SE
144,736
6,637,755
Henkel AG & Co. KGaA
342,091
26,618,854
Volkswagen AG *
457,891
49,062,708
 
93,266,259
 
  
15

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Republic of Korea 0.4%
Amorepacific Corp.
29,423
730,206
CJ CheilJedang Corp.
493
41,220
Doosan Co. Ltd.
3,123
1,365,665
Hanwha Corp.
39,401
1,244,517
Hyundai Motor Co.
49,424
8,986,182
Hyundai Motor Co. 2nd
80,388
14,509,314
LG Chem Ltd.
16,695
1,855,615
LG Electronics, Inc.
43,633
2,770,855
LG H&H Co. Ltd.
3,290
220,498
Mirae Asset Securities Co. Ltd.
307,021
3,180,224
Samsung Electronics Co. Ltd.
1,791,463
240,724,126
Samsung Fire & Marine Insurance
Co. Ltd.
6,016
1,461,085
Samsung SDI Co. Ltd. *
2,947
578,840
 
277,668,347
 
Spain 0.0%
Grifols SA, B Shares
515,273
4,148,954
Total Preferred Stocks
(Cost $203,495,788)
375,083,560
WARRANTS 0.0% OF NET ASSETS
 
Canada 0.0%
Constellation Software, Inc.
expires 03/31/40 *(b)
31,758
0
Total Warrants
(Cost $0)
0
 
 
 
SHORT-TERM INVESTMENTS 0.5% OF NET ASSETS
 
Money Market Funds 0.5%
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 3.56% (c)
61,067,140
61,067,140
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 3.56% (c)(d)
284,633,580
284,633,580
 
345,700,720
Total Short-Term Investments
(Cost $345,700,720)
345,700,720
Total Investments in Securities
(Cost $39,144,008,503)
66,378,341,836
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
APPRECIATION
($)
FUTURES CONTRACTS
Long
MSCI EAFE Index, expires
06/19/26
2,919
454,094,235
8,218,659
*
Non-income producing security.
(a)
All or a portion of this security is on loan.
(b)
Fair valued using significant unobservable inputs.
(c)
The rate shown is the annualized 7-day yield.
(d)
Security purchased with cash collateral received for securities on loan.
Securities on loan were valued at $269,074,151.
CDI —
CHESS Depositary Interest
CVA —
Dutch Certificate
GDR —
Global 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, 2026:
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
$57,056,180,361
$
$
$57,056,180,361
Hong Kong
1,122,057,677
0
*
1,122,057,677
Portugal
101,647,690
105,266
101,752,956
United Kingdom
7,377,566,562
0
*
7,377,566,562
16
  

Schwab International Equity ETF
Portfolio Holdings (Unaudited) continued
DESCRIPTION
QUOTED PRICES IN
ACTIVE MARKETS FOR
IDENTICAL ASSETS
(LEVEL 1)
OTHER SIGNIFICANT
OBSERVABLE INPUTS
(LEVEL 2)
SIGNIFICANT
UNOBSERVABLE INPUTS
(LEVEL 3)
TOTAL
Preferred Stocks1
$375,083,560
$
$
$375,083,560
Warrants
Canada
0
*
0
Short-Term Investments1
345,700,720
345,700,720
Futures Contracts2
8,218,659
8,218,659
Total
$66,386,455,229
$—
$105,266
$66,386,560,495
*
Level 3 amount shown includes securities determined to have no value.
1
As categorized in the Portfolio Holdings.
2
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
  
17

Schwab Strategic Trust
Schwab International Small-Cap Equity ETF
Portfolio Holdings as of May 31, 2026 (Unaudited)
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 99.0% OF NET ASSETS
 
Australia 6.4%
29Metals Ltd. *
1,844,756
365,008
4DMedical Ltd. *(a)
957,726
2,735,663
Abacus Group
868,213
646,543
Abacus Storage King
832,301
856,342
Accent Group Ltd. (a)
892,985
372,652
Alkane Resources Ltd. *
2,034,990
2,166,980
Alpha HPA Ltd. *
1,855,947
954,778
Amotiv Ltd.
252,538
1,155,619
Amplitude Energy Ltd. *
591,416
727,646
Arafura Rare Earths Ltd. *
8,213,025
1,565,957
ARB Corp. Ltd.
155,858
2,159,813
Arena REIT
815,432
1,877,451
Aspen Group Ltd/Australia
436,672
1,482,956
AUB Group Ltd.
271,615
5,106,508
Audinate Group Ltd. *(a)
173,882
270,234
Aurelia Metals Ltd. *
2,527,792
545,624
Aussie Broadband Ltd.
469,077
1,812,380
Austal Ltd. *
705,915
2,041,782
Australian Clinical Labs Ltd. (a)
358,668
523,865
Australian Ethical Investment Ltd.
202,518
584,304
Australian Finance Group Ltd.
413,157
460,763
Baby Bunting Group Ltd. *
267,545
307,035
Bapcor Ltd.
1,065,378
325,779
Bega Cheese Ltd.
536,671
2,131,464
Bellevue Gold Ltd. *
2,957,216
3,234,130
Boss Energy Ltd. *(a)
780,389
718,707
BrainChip Holdings Ltd. *
4,262,865
506,077
Bravura Solutions Ltd.
585,927
978,053
Breville Group Ltd. (a)
206,336
4,296,396
BWP Property Group Ltd.
1,287,998
3,502,981
Capricorn Metals Ltd.
831,715
8,443,692
Catalyst Metals Ltd. *
476,162
1,781,513
Catapult Sports Ltd. *
516,087
1,251,364
Cedar Woods Properties Ltd.
132,139
636,996
Centuria Capital Group
1,392,498
1,958,719
Centuria Industrial REIT
1,259,823
2,701,199
Centuria Office REIT
1,045,566
688,341
Chalice Mining Ltd. *
678,708
705,637
Champion Iron Ltd.
828,990
2,654,240
Charter Hall Long Wale REIT
1,461,389
3,638,084
Charter Hall Retail REIT
1,218,147
3,304,242
Charter Hall Social Infrastructure REIT
667,942
1,211,072
Chorus Ltd.
890,447
5,170,261
Clarity Pharmaceuticals Ltd. *
589,456
1,056,043
Clinuvel Pharmaceuticals Ltd. (a)
87,840
577,024
Codan Ltd.
215,090
6,600,397
Collins Foods Ltd.
220,351
1,398,345
Core Lithium Ltd. *
5,400,905
1,146,356
Corporate Travel Management
Ltd. *(a)(b)
220,728
535,949
Credit Corp. Group Ltd.
128,421
1,042,260
Cromwell Property Group
3,615,150
1,144,484
Data#3 Ltd.
291,780
1,893,620
Deep Yellow Ltd. *
1,918,559
2,181,037
Develop Global Ltd. *
524,654
2,310,230
Dexus Industria REIT
632,956
1,088,434
Dicker Data Ltd.
190,474
1,419,797
SECURITY
NUMBER
OF SHARES
VALUE ($)
DigiCo Infrastructure REIT
899,469
1,708,523
DroneShield Ltd. *(a)
1,728,327
4,215,571
Eagers Automotive Ltd.
351,243
5,279,307
Elders Ltd.
453,241
1,813,154
Electro Optic Systems Holdings Ltd. *
332,751
2,664,682
Elevra Lithium Ltd. *
319,776
2,965,716
Emeco Holdings Ltd. *
589,170
451,462
Emerald Resources NL *
1,030,277
4,388,403
EML Payments Ltd. *
748,908
210,147
EQT Holdings Ltd.
57,715
657,356
Esg Minerals Limited Ul *(b)
98,343
0
EVT Ltd.
254,246
2,299,430
Fineos Corp. Ltd., CDI *
349,366
646,018
Firefinch Ltd. *(b)
2,051,119
0
FireFly Metals Ltd. *
1,576,250
2,313,588
FleetPartners Group Ltd.
349,670
714,509
G8 Education Ltd.
1,616,869
174,501
GDI Property Group Partnership
797,138
349,860
Gemlife Communities Group *
360,470
1,234,545
Generation Development Group Ltd.
683,499
2,006,452
Gentrack Group Ltd. *
240,011
519,791
GrainCorp Ltd., Class A
457,064
1,621,268
Greatland Resources Ltd. *
1,052,499
10,336,777
Growthpoint Properties Australia Ltd.
548,104
863,650
Guzman y Gomez Ltd. (a)
110,286
1,560,036
GWA Group Ltd.
401,771
618,619
Hansen Technologies Ltd.
361,554
1,207,041
Healius Ltd. *
1,219,275
298,271
HealthCo REIT *
911,363
488,516
Helia Group Ltd.
556,756
1,934,830
HMC Capital Ltd.
590,335
1,299,723
HomeCo Daily Needs REIT
3,609,186
3,220,044
IDP Education Ltd.
530,657
851,431
Imdex Ltd.
1,002,107
2,934,535
Ingenia Communities Group
826,435
2,271,448
Inghams Group Ltd.
747,491
1,124,043
Integral Diagnostics Ltd.
705,205
1,101,047
ioneer Ltd. *
4,278,264
415,558
IperionX Ltd. *(a)
555,606
2,330,592
IPH Ltd.
501,189
1,363,089
IRESS Ltd.
367,331
1,588,411
Judo Capital Holdings Ltd. *
2,276,711
2,555,426
Jumbo Interactive Ltd. (a)
116,842
645,641
Karoon Energy Ltd.
1,502,245
2,113,092
Kelsian Group Ltd.
356,250
1,153,448
Kingsgate Consolidated Ltd.
523,474
2,289,969
Kogan.com Ltd.
151,308
456,149
L1 Group Ltd. (a)
1,433,319
1,087,993
Lifestyle Communities Ltd. *
221,126
832,094
Liontown Ltd. *
3,960,298
6,895,632
Lovisa Holdings Ltd.
126,689
2,116,567
MA Financial Group Ltd.
204,126
944,366
Maas Group Holdings Ltd.
297,474
1,091,566
Macquarie Technology Group Ltd. *
26,436
1,420,847
McMillan Shakespeare Ltd.
117,141
1,539,007
Megaport Ltd. *
366,475
4,092,295
Mesoblast Ltd. *
1,994,788
3,071,435
Metals X Ltd. *
1,556,968
1,769,977
Monadelphous Group Ltd.
195,036
4,358,600
Myer Holdings Ltd.
2,715,465
459,138
MyState Ltd.
368,122
1,181,293
18
  

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Nanosonics Ltd. *
515,981
1,173,145
Navigator Global Investments Ltd.
469,252
877,830
Neuren Pharmaceuticals Ltd. *
221,553
2,317,783
nib holdings Ltd.
1,004,344
4,827,139
Nick Scali Ltd.
156,999
1,630,024
Nickel Industries Ltd. *
3,976,642
3,032,866
Nine Entertainment Co. Holdings Ltd.
2,566,560
1,763,541
Novonix Ltd. *(a)
1,483,385
272,160
NRW Holdings Ltd.
905,013
4,968,327
Nufarm Ltd. *
723,245
1,561,124
Nuix Ltd. *
453,622
452,038
Omni Bridgeway Ltd. *
591,507
708,606
oOh!media Ltd.
1,189,462
1,155,354
Opthea Ltd. *(b)
2,276,227
334,102
Ora Banda Mining Ltd. *
2,860,477
2,809,325
Paladin Energy Ltd. *
881,678
7,181,038
Pantoro Gold Ltd. *
743,558
1,604,970
Perenti Ltd.
1,769,844
2,686,880
Perseus Mining Ltd.
2,809,348
10,450,255
PEXA Group Ltd. *
286,140
2,204,951
Pinnacle Investment Management
Group Ltd.
345,805
3,831,623
PolyNovo Ltd. *(a)
1,370,043
1,202,610
PPK Mining Equipment Group Pty.
Ltd. *(b)
78,953
0
Praemium Ltd.
985,237
489,126
Predictive Discovery Ltd. *
4,203,487
2,238,063
Premier Investments Ltd.
186,873
1,684,723
PWR Holdings Ltd. (a)
172,662
1,172,734
Redox Ltd.
353,410
826,405
Regal Partners Ltd.
474,598
898,075
Regis Healthcare Ltd.
368,571
1,744,929
Regis Resources Ltd.
1,554,065
6,843,077
Reliance Worldwide Corp. Ltd.
1,617,182
3,676,857
Resolute Mining Ltd. *
4,426,406
4,092,467
Ridley Corp. Ltd.
610,595
1,238,891
Rural Funds Trust
776,046
1,108,355
Select Harvests Ltd. *
285,143
806,280
Service Stream Ltd.
1,168,846
1,993,134
Silex Systems Ltd. *
466,278
2,069,955
SiteMinder Ltd. *
504,042
1,269,304
SmartGroup Corp. Ltd.
260,378
2,133,825
Solvar Ltd.
291,400
304,010
SRG Global Ltd.
1,153,327
2,605,631
St Barbara Ltd. *
2,367,124
979,309
Stanmore Resources Ltd.
625,598
1,237,824
Star Entertainment Group Ltd. *
4,024,493
289,562
Strike Energy Ltd. *
4,790,512
430,847
Super Retail Group Ltd.
330,807
2,791,924
Superloop Ltd. *
1,021,783
2,551,050
Supply Network Ltd. (a)
46,317
1,033,078
Tabcorp Holdings Ltd.
4,833,199
2,677,665
Temple & Webster Group Ltd. *
224,252
872,900
Tuas Ltd. *
580,839
865,081
Tyro Payments Ltd. *
1,070,353
681,555
Vault Minerals Ltd.
2,149,547
6,495,716
Ventia Services Group Pty. Ltd.
1,659,182
7,413,383
Virgin Australia Holdings Ltd. *
503,662
1,000,182
Viva Energy Group Ltd.
2,288,386
3,490,567
Vulcan Energy Resources Ltd. *
709,242
2,036,096
Vulcan Steel Ltd.
148,987
594,939
WA1 Resources Ltd. *
94,387
906,618
Waypoint REIT Ltd.
1,325,059
2,269,044
WEB Travel Group Ltd. *
686,875
1,289,879
Weebit Nano Ltd. *
396,028
2,065,831
Westgold Resources Ltd.
1,886,987
6,964,935
SECURITY
NUMBER
OF SHARES
VALUE ($)
Wildcat Resources Ltd. *
1,881,092
751,162
Zip Co. Ltd. *
2,611,117
4,321,007
 
361,320,991
 
Austria 0.9%
Agrana Beteiligungs AG
28,189
383,228
AT&S Austria Technologie &
Systemtechnik AG *
52,487
8,636,206
BAJAJ Mobility AG *
22,408
532,132
CA Immobilien Anlagen AG
63,590
1,844,027
CPI Europe AG *
72,183
1,344,374
DO & Co. AG
16,204
3,668,395
EVN AG
73,517
2,423,586
Lenzing AG *(a)
41,037
1,132,554
Mayr Melnhof Karton AG (a)
17,131
1,589,286
Oesterreichische Post AG
66,485
2,502,105
Palfinger AG
30,175
1,232,445
Porr AG
38,744
1,831,098
SBO AG (a)
22,202
880,893
UNIQA Insurance Group AG
229,693
4,599,569
voestalpine AG
250,680
14,158,497
Wienerberger AG
221,484
6,254,748
 
53,013,143
 
Belgium 1.6%
Aedifica SA
175,676
14,514,357
Azelis Group NV
459,933
5,289,362
Barco NV
123,077
1,321,347
Bekaert SA
62,785
3,033,251
bpost SA *
230,690
483,490
CMB Tech NV
236,231
3,738,081
Cofinimmo SA
17,328
1,681,368
Colruyt Group NV
58,074
2,248,590
Deme Group NV
13,512
2,923,355
Fagron
129,734
3,648,572
Gimv NV
50,261
2,847,557
KBC Ancora
80,168
7,615,134
Kinepolis Group NV
27,148
939,322
Melexis NV
41,426
3,920,541
Montea NV
43,076
3,357,871
Proximus SADP
272,085
2,120,964
Retail Estates NV
24,347
2,017,232
Shurgard Self Storage Ltd.
66,454
1,907,693
Solvay SA
152,160
4,595,332
Tessenderlo Group SA
40,004
1,027,018
Umicore SA
474,269
13,991,167
Vastned NV
16,642
572,901
VGP NV
27,607
2,699,699
Xior Student Housing NV
79,769
2,583,148
 
89,077,352
 
Canada 15.1%
Advantage Energy Ltd. *
332,159
2,346,127
Aecon Group, Inc.
134,389
4,396,873
Air Canada *
307,603
4,928,168
Algonquin Power & Utilities Corp.
1,602,589
9,493,032
Allied Gold Corp. *
191,218
4,844,476
Allied Properties Real Estate Investment
Trust
356,908
2,603,844
Almonty Industries, Inc. *
369,155
7,326,556
Altus Group Ltd. (a)
88,139
2,706,457
Americas Gold & Silver Corp. *
440,169
2,722,398
Aris Mining Corp. *
404,436
7,333,898
Aritzia, Inc. *
199,167
22,381,076
Atco Ltd., Class I
155,574
7,681,858
Athabasca Oil Corp. *
985,421
7,804,394
  
19

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
ATS Corp. *
173,360
5,364,841
Aya Gold & Silver, Inc. *
287,846
6,063,875
B2Gold Corp.
2,690,117
12,888,659
Badger Infrastructure Solutions Ltd.
71,452
4,558,239
Bausch Health Cos., Inc. *
542,712
2,919,310
Baytex Energy Corp.
1,440,513
7,048,062
Birchcliff Energy Ltd.
575,313
2,689,569
BlackBerry Ltd. *
1,224,941
10,990,723
Boardwalk Real Estate Investment Trust
83,749
3,896,391
Boralex, Inc., Class A
214,689
5,746,132
Boyd Group, Inc.
58,280
6,458,163
Brookfield Business Corp., Class A
46,120
1,516,967
Brookfield Infrastructure Corp.,
Class A (a)
248,631
10,345,562
Brookfield Renewable Corp.
281,381
11,293,641
Brookfield Wealth Solutions Ltd. *
77,208
3,534,345
BRP, Inc.
78,485
4,540,855
Canada Packers, Inc.
32,776
459,680
Canadian Apartment Properties REIT
321,630
8,185,799
Canfor Corp. *
109,099
1,119,066
Capital Power Corp.
325,400
16,686,332
Capstone Copper Corp. *
1,353,462
14,747,533
Cargojet, Inc.
15,854
993,098
Centerra Gold, Inc.
419,235
7,407,484
CES Energy Solutions Corp.
427,092
5,369,848
Chartwell Retirement Residences
658,264
9,652,595
Choice Properties Real Estate
Investment Trust
581,306
6,646,270
Cogeco Communications, Inc.
22,156
1,081,141
Colliers International Group, Inc.
90,788
8,574,953
Crombie Real Estate Investment Trust
230,276
2,815,032
CT Real Estate Investment Trust
161,701
2,074,158
Definity Financial Corp.
201,652
9,668,698
Denison Mines Corp. *
1,859,653
6,493,362
Discovery Silver Corp. *
1,062,786
6,627,224
DPM Metals, Inc.
451,314
15,168,842
Dream Industrial Real Estate Investment
Trust
590,193
6,006,683
Eldorado Gold Corp.
498,277
16,848,566
Endeavour Silver Corp. *
618,152
6,170,077
Enerflex Ltd.
255,670
6,399,406
Energy Fuels, Inc. *
485,511
8,853,426
Enghouse Systems Ltd.
84,732
1,107,781
EQB, Inc.
55,566
4,716,586
ERO Copper Corp. *
200,699
6,120,551
Exchange Income Corp.
58,467
5,155,520
Finning International, Inc.
273,482
20,672,702
First Capital Real Estate Investment
Trust
443,545
7,566,555
Fortuna Mining Corp. *
638,190
6,407,149
Freehold Royalties Ltd.
335,657
4,127,639
G Mining Ventures Corp. *
368,117
11,533,469
Gibson Energy, Inc.
342,591
7,075,398
goeasy Ltd. (a)
25,218
736,101
Granite Real Estate Investment Trust
126,436
8,844,233
H&R Real Estate Investment Trust
534,400
4,019,008
Headwater Exploration, Inc.
465,999
4,242,044
Hudbay Minerals, Inc.
791,958
23,174,351
International Petroleum Corp. *
149,120
3,755,198
InterRent Real Estate Investment Trust
289,740
2,736,392
K92 Mining, Inc. *
499,858
9,354,535
Killam Apartment Real Estate
Investment Trust
254,081
3,382,705
Kinaxis, Inc. *
58,117
6,618,980
Labrador Iron Ore Royalty Corp.
134,133
2,822,776
Leon's Furniture Ltd.
45,878
835,266
Lightspeed Commerce, Inc. *
253,635
2,448,801
Linamar Corp.
80,470
5,958,361
SECURITY
NUMBER
OF SHARES
VALUE ($)
Maple Leaf Foods, Inc.
159,383
3,464,068
MDA Space Ltd. *
255,739
11,413,621
Methanex Corp.
140,093
8,294,425
Montage Gold Corp. *
540,868
6,576,559
NexGen Energy Ltd. *
1,272,118
14,692,314
NFI Group, Inc. *
184,031
3,099,357
NGEx Minerals Ltd. *
282,136
5,898,528
North West Co., Inc.
98,652
3,707,462
Northland Power, Inc.
549,660
9,384,780
Novagold Resources, Inc. *
585,765
5,038,884
OceanaGold Corp.
471,289
14,245,925
Onex Corp.
119,811
9,574,095
OR Royalties, Inc.
392,409
14,636,111
Orla Mining Ltd.
634,165
8,516,607
Paramount Resources Ltd., Class A
153,788
3,368,142
Parex Resources, Inc.
200,829
3,506,179
Perpetua Resources Corp. *
181,011
4,895,989
Pet Valu Holdings Ltd.
147,976
2,003,377
Peyto Exploration & Development
Corp. (a)
409,678
7,384,345
PrairieSky Royalty Ltd.
484,049
11,571,074
Premium Brands Holdings Corp.
99,112
6,544,392
Primaris Real Estate Investment Trust
246,271
3,511,134
Richelieu Hardware Ltd.
107,462
3,103,218
RioCan Real Estate Investment Trust
614,996
9,906,545
Russel Metals, Inc.
114,746
5,201,075
Seabridge Gold, Inc. *
187,840
6,351,557
Secure Waste Infrastructure Corp.
448,362
6,607,200
Sienna Senior Living, Inc.
202,411
3,112,094
Silvercorp Metals, Inc.
442,460
5,620,885
Skeena Resources Ltd. *
203,972
6,196,674
SmartCentres Real Estate Investment
Trust
269,807
5,676,024
South Bow Corp.
433,495
15,608,400
Southern Cross Gold Consolidated Ltd. *
463,601
3,516,845
Sprott, Inc.
45,100
5,941,198
SSR Mining, Inc. *
423,043
13,232,858
Stella-Jones, Inc.
114,810
6,446,629
Strathcona Resources Ltd.
128,132
4,110,307
Superior Plus Corp.
436,886
2,660,864
Tamarack Valley Energy Ltd.
993,648
9,203,984
Taseko Mines Ltd. *
738,883
5,497,841
TerraVest Industries, Inc.
33,738
3,766,273
Topaz Energy Corp.
254,906
5,882,517
Torex Gold Resources, Inc.
194,374
8,920,420
TransAlta Corp.
563,580
8,039,162
Transcontinental, Inc., Class A
153,077
584,505
Triple Flag Precious Metals Corp.
133,361
4,292,568
Trisura Group Ltd. *
98,318
2,920,527
Vermilion Energy, Inc.
323,671
3,573,762
Vizsla Silver Corp. *
684,592
2,678,633
Wesdome Gold Mines Ltd. *
314,868
6,393,131
West Fraser Timber Co. Ltd.
109,490
7,573,810
Westshore Terminals Investment Corp.
67,309
2,064,393
Winpak Ltd.
57,078
1,701,712
 
845,598,844
 
Denmark 2.5%
AL Sydbank
130,771
10,975,347
ALK-Abello AS
275,814
11,541,956
Alm Brand AS
1,500,547
3,521,575
Ambu AS, Class B (a)
280,808
2,955,274
Bavarian Nordic AS *
164,362
4,809,493
Chemometec AS
34,546
2,022,821
D/S Norden AS
41,526
1,920,585
Dfds AS *
63,541
1,459,470
FLSmidth & Co. AS
98,312
7,729,196
GN Store Nord AS *(a)
274,612
4,213,321
20
  

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Gubra AS
13,956
778,832
ISS AS
288,076
11,866,160
Jyske Bank AS
85,619
12,272,730
Netcompany Group AS *
85,241
4,570,641
NKT AS *
112,661
18,031,248
NTG Nordic Transport Group AS,
Class A *(a)
34,669
1,134,106
Per Aarsleff Holding AS
35,642
4,079,382
Ringkjoebing Landbobank AS
52,652
12,956,850
Royal Unibrew AS
102,876
6,708,152
Scandinavian Tobacco Group AS,
A Shares
113,538
1,251,625
Schouw & Co. AS
24,200
2,505,285
TORM PLC, Class A
125,379
3,459,312
UIE PLC
25,612
1,451,705
Zealand Pharma AS *
147,852
7,500,760
 
139,715,826
 
Finland 1.1%
Citycon OYJ *
55,620
184,332
Finnair OYJ *
205,237
1,029,855
Hiab OYJ, B shares
77,163
4,853,444
Huhtamaki OYJ
177,871
5,687,322
Kalmar OYJ, B Shares
77,296
4,013,924
Kemira OYJ
237,123
4,936,517
Konecranes OYJ
405,744
13,418,503
Lumo Kodit OYJ
323,734
2,805,026
Mandatum OYJ
967,435
6,435,003
Metsa Board OYJ, B Shares *
307,385
1,052,434
Nokian Renkaat OYJ (a)
248,146
3,205,583
Outokumpu OYJ
752,476
5,233,486
QT Group OYJ *(a)
38,754
1,332,298
Revenio Group OYJ *
37,852
619,283
Terveystalo OYJ
150,935
1,431,966
Tieto OYJ
210,818
5,077,729
Tokmanni Group Corp. (a)
100,881
830,536
YIT OYJ *
270,912
866,225
 
63,013,466
 
France 4.5%
Air France-KLM *
243,827
3,339,004
Altarea SCA
16,624
2,102,892
Alten SA
59,216
4,491,636
Antin Infrastructure Partners SA
115,117
1,336,641
ARGAN SA
33,957
2,425,118
Arkema SA
118,922
8,451,458
Beneteau SACA
71,349
580,327
Carmila SA
139,017
2,705,927
Clariane SE *
507,711
2,480,093
Coface SA
201,272
3,511,371
Derichebourg SA
189,731
2,245,062
Elior Group SA (a)
260,676
570,063
Elis SA (a)
370,071
11,711,887
Emeis SA *
165,536
2,878,265
Equasens
10,899
500,476
Eramet SA (a)
17,036
1,091,420
Etablissements Maurel et Prom SA
112,869
1,186,729
Eurazeo SE
73,982
4,014,497
Eutelsat Communications SACA *(a)
636,365
2,951,858
Exail Technologies SA *(a)
20,067
3,365,049
Exosens SAS
70,575
5,612,662
Fnac Darty SA
21,065
867,737
Forvia SE *
337,625
4,489,532
Gaztransport Et Technigaz SA
76,667
17,705,426
GL Events SACA
16,425
674,684
ICADE *
94,023
2,310,705
ID Logistics Group SACA *
6,224
2,785,397
SECURITY
NUMBER
OF SHARES
VALUE ($)
Imerys SA
70,564
1,888,986
Interparfums SA
46,720
1,358,636
IPSOS SA
73,010
3,305,721
JCDecaux SE
150,901
3,317,608
Lagardere SA
21,165
457,416
LISI SA
38,951
3,077,226
Manitou BF SA
20,413
515,723
Mercialys SA
192,468
2,663,761
Mersen SA
43,671
2,131,225
Metropole Television SA
98,822
1,333,103
Nexans SA
84,494
15,618,279
Nexity SA *
107,626
1,030,500
Opmobility
107,466
2,090,542
OVH Groupe SA *(a)
51,645
856,998
Peugeot Invest SA
10,184
747,517
Planisware SA
38,085
870,199
Pluxee NV
159,018
2,200,813
Quadient SA
44,320
632,009
Remy Cointreau SA
44,849
2,090,321
Robertet S.A.
2,091
2,025,276
Rubis SCA
147,014
6,086,876
SEB SA
55,083
3,212,669
SES SA, Class A
762,076
8,399,479
Societe BIC SA *
37,623
2,564,002
SOITEC *
53,877
11,162,879
Sopra Steria Group
28,635
4,978,925
Stef SA
6,845
934,569
Technip Energies NV
312,883
12,947,109
Teleperformance SE (a)
113,427
8,344,201
Television Francaise 1 SA
187,349
1,499,780
Trigano SA
16,814
3,180,579
Ubisoft Entertainment SA *(a)
211,141
1,388,166
Valeo SE
437,938
6,781,655
Vallourec SACA *
378,393
10,562,249
Verallia SA (a)
33,419
782,306
Vicat SACA
31,993
2,363,256
Virbac SACA
8,775
3,671,034
Viridien *
14,507
2,038,244
Vivendi SE
1,397,812
3,833,264
Voltalia SA *
76,524
751,010
Vusion (a)
18,267
2,860,697
Wavestone
14,990
829,148
Wendel SE
50,655
5,127,952
Worldline SA *(a)
3,741,327
1,566,499
X-Fab Silicon Foundries SE *
104,604
1,313,447
 
251,777,770
 
Germany 4.4%
1&1 AG
54,212
1,436,063
Adesso SE
5,721
404,573
AIXTRON SE
235,871
16,030,536
AlzChem Group AG
13,246
2,910,631
Aroundtown SA *
1,772,597
5,262,344
Atoss Software SE
18,404
1,653,694
Aurubis AG (a)
68,342
17,242,312
Auto1 Group SE *
246,278
6,552,584
Befesa SA
77,851
3,361,383
Bilfinger SE
74,812
7,643,276
CANCOM SE (a)
49,688
1,640,930
Carl Zeiss Meditec AG, Bearer Shares
75,747
2,287,609
Ceconomy AG *
292,205
1,432,152
Dermapharm Holding SE (a)
29,183
1,660,186
Deutsche Beteiligungs AG *(a)
22,256
659,679
Deutsche EuroShop AG
25,865
618,755
Deutsche Pfandbriefbank AG (a)
263,440
1,134,999
Deutz AG (a)
302,516
3,696,129
Douglas AG *(a)
59,971
617,951
Duerr AG
99,297
2,415,985
  
21

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Eckert & Ziegler SE
86,867
1,674,623
Elmos Semiconductor SE
16,348
3,449,175
Energiekontor AG (a)
14,848
780,575
Evotec SE *(a)
339,204
2,090,003
Fielmann Group AG
48,547
2,532,340
flatexDEGIRO SE
168,389
6,645,680
Freenet AG
248,930
7,343,556
Friedrich Vorwerk Group SE
12,627
968,831
Gerresheimer AG (a)
70,102
2,225,110
GFT Technologies SE (a)
33,861
873,261
Grand City Properties SA *
67,912
768,724
Grenke AG (a)
50,735
769,668
HelloFresh SE *(a)
292,792
1,475,346
Hornbach Holding AG & Co. KGaA
20,451
1,925,929
HUGO BOSS AG (a)
77,656
3,235,157
Hypoport SE *(a)
8,572
869,769
Indus Holding AG *
37,906
1,335,879
IONOS Group SE *
101,165
3,322,053
Jenoptik AG
107,398
5,765,091
K&S AG (a)
372,622
6,439,849
Kloeckner & Co. SE
120,936
1,764,078
Kontron AG (a)
81,901
2,223,059
Krones AG *
27,422
3,788,811
KWS Saat SE & Co. KGaA
21,006
1,779,640
Lanxess AG
173,167
3,334,273
Nagarro SE
12,967
614,050
Nordex SE *
262,833
12,697,913
Norma Group SE *
61,473
1,256,813
Patrizia SE
86,295
758,285
Pfeiffer Vacuum Technology AG
7,358
1,428,780
PNE AG (a)
77,127
905,433
ProSiebenSat.1 Media SE
109,331
509,059
Puma SE *
215,519
7,311,100
Redcare Pharmacy NV *(a)
30,916
1,574,418
Salzgitter AG *
59,125
4,236,348
Schott Pharma AG & Co. KGaA
70,256
1,492,131
Secunet Security Networks AG *(a)
3,174
770,411
Siltronic AG *(a)
21,435
2,618,920
Sixt SE (a)
26,002
2,321,241
SMA Solar Technology AG *
27,249
2,090,732
Springer Nature AG & Co. KGaA
62,547
1,405,772
Stabilus SE
46,710
1,036,746
Stroeer SE & Co. KGaA (a)
66,393
2,925,542
Suedzucker AG (a)
113,886
1,528,341
TAG Immobilien AG (a)
394,227
6,537,212
TeamViewer SE *
303,313
2,088,311
thyssenkrupp AG
1,031,662
14,139,777
Thyssenkrupp Nucera AG & Co.
KGaA *(a)
51,993
529,070
Tkms AG& Co. KGaA *
51,674
5,083,371
TUI AG
933,804
7,704,195
United Internet AG
159,273
4,899,364
Verbio SE *
36,030
1,593,513
Vossloh AG (a)
19,933
1,635,235
Wacker Chemie AG *(a)
35,638
4,129,664
Wacker Neuson SE
56,435
1,255,231
Wuestenrot & Wuerttembergische AG
41,189
708,485
 
243,827,714
 
Hong Kong 1.0%
Beijing Tong Ren Tang Chinese Medicine
Co. Ltd. (a)
529,485
468,182
Bright Smart Securities & Commodities
Group Ltd. *(a)
1,784,598
2,135,852
Cafe de Coral Holdings Ltd. (a)
752,279
370,505
CGN Mining Co. Ltd.
6,992,267
2,863,855
China Animal Healthcare Ltd. *(b)
192,752
0
SECURITY
NUMBER
OF SHARES
VALUE ($)
China Travel International Investment
Hong Kong Ltd. *(a)
3,565,846
536,874
Chow Sang Sang Holdings International
Ltd.
743,902
1,039,340
Cirrus Aircraft Ltd.
146,997
723,225
CITIC Resources Holdings Ltd. (a)
6,927,276
477,292
CITIC Telecom International Holdings
Ltd.
3,440,661
1,176,535
Cowell e Holdings, Inc. *
522,985
1,892,446
Dah Sing Financial Holdings Ltd.
366,756
1,986,006
Deep Source Holdings Ltd. *(a)
11,457,557
1,125,669
Duality Biotherapeutics, Inc. *
67,756
1,950,360
Envision Greenwise Holdings Ltd. *(a)
2,435,827
1,202,778
Fortune Real Estate Investment Trust
3,067,273
1,890,286
Giordano International Ltd.
2,261,375
435,690
Guotai Junan International Holdings
Ltd. (a)
4,964,005
1,374,422
HBM Holdings Ltd. *(a)
1,372,537
2,047,230
HKBN Ltd. (a)
703,228
593,994
Huabao International Holdings Ltd.
1,894,683
865,461
Hutchison Telecommunications Hong
Kong Holdings Ltd.
2,816,256
406,049
IGG, Inc.
1,606,833
680,670
LK Technology Holdings Ltd. (a)
1,203,791
377,845
Luk Fook Holdings International Ltd.
659,417
1,760,151
Melco International Development
Ltd. *(a)
1,900,835
911,927
MH Development NPV *(b)
459,925
0
Mongolian Mining Corp. *
975,630
1,054,379
Nanshan Aluminium International
Holdings Ltd. (a)
260,724
1,164,333
OSL Group Ltd. *(a)
1,067,545
1,498,328
Pacific Basin Shipping Ltd.
8,465,649
3,402,505
Prosperity REIT
3,069,427
567,876
Realord Group Holdings Ltd. *(a)
872,710
1,136,904
SmarTone Telecommunications Holdings
Ltd.
697,092
422,485
Stella International Holdings Ltd.
1,164,000
1,961,931
SUNeVision Holdings Ltd. (a)
1,249,319
956,429
Sunlight Real Estate Investment Trust
2,155,527
632,571
Super Hi International Holding Ltd. *
446,645
584,706
Superb Summit International Group
Ltd. *(b)
1,120,000
0
SY Holdings Group Ltd.
970,419
1,097,036
Texhong International Group Ltd.
442,109
355,948
Time Interconnect Technology Ltd. (a)
1,195,298
2,931,282
Truly International Holdings Ltd. (a)
3,298,486
412,448
United Laboratories International
Holdings Ltd.
2,388,856
2,682,259
Value Partners Group Ltd. (a)
2,054,183
550,410
Vitasoy International Holdings Ltd.
1,182,285
912,653
Vobile Group Ltd. *
3,998,029
1,428,341
VSTECS Holdings Ltd.
1,649,604
2,029,013
 
55,074,481
 
Ireland 0.2%
Cairn Homes PLC
1,246,755
3,426,290
Glanbia PLC
416,789
10,145,716
 
13,572,006
 
Israel 2.2%
Alony Hetz Properties & Investments
Ltd.
351,764
4,497,038
Argo Properties NV *
37,585
1,789,794
Aryt Industries Ltd.
134,888
1,569,511
Ashtrom Group Ltd.
97,167
2,529,818
22
  

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Aura Investments Ltd.
311,388
2,074,846
Bet Shemesh Engines Holdings 1997
Ltd. *
17,257
5,844,155
Blue Square Real Estate Ltd.
11,010
1,531,649
Cellcom Israel Ltd.
224,645
2,957,658
Danel Adir Yeoshua Ltd.
9,888
1,664,783
Delek Automotive Systems Ltd.
106,174
738,137
Delta Galil Ltd.
22,244
1,245,718
Doral Group Renewable Energy
Resources Ltd. *
220,054
8,155,526
Elco Ltd.
21,140
1,116,779
Electra Ltd.
83,691
3,191,271
Equital Ltd. *
47,422
1,903,003
Formula Systems 1985 Ltd.
19,708
2,609,502
Fox Wizel Ltd.
16,597
1,860,129
G City Ltd.
190,492
867,031
Generation Capital Ltd.
3,110,403
3,228,619
Gilat Satellite Networks Ltd. *
138,103
2,527,131
Hilan Ltd.
30,896
2,424,556
IDI Insurance Co. Ltd.
18,114
1,449,921
Inrom Construction Industries Ltd.
207,455
2,088,277
Isracard Ltd.
383,189
1,753,666
Israel Canada TR Ltd.
369,243
2,786,988
Lapidoth Capital Ltd.
46,595
1,342,279
Max Stock Ltd.
188,609
2,660,824
Meshek Energy Renewable Energies
Ltd. *
620,718
3,611,233
Nayax Ltd. *
29,496
2,277,866
Oil Refineries Ltd.
4,476,731
2,583,728
One Software Technologies Ltd.
93,850
2,223,851
OY Nofar Energy Ltd. *
58,413
5,863,282
Partner Communications Co. Ltd.
275,371
4,142,180
Paz Retail & Energy Ltd.
21,118
6,265,834
Perion Network Ltd. *
84,576
705,944
Priortech Ltd. *
17,170
1,811,043
Qualitau Ltd.
9,921
2,400,759
Rami Levy Chain Stores Hashikma
Marketing 2006 Ltd.
17,054
2,416,863
Reit 1 Ltd.
412,030
3,299,532
Sella Capital Real Estate Ltd.
473,991
1,707,649
Summit Real Estate Holdings Ltd.
80,639
1,454,030
Tel Aviv Stock Exchange Ltd.
186,507
11,276,440
Turpaz Industries Ltd.
123,815
3,312,392
YH Dimri Construction & Development
Ltd.
20,521
2,808,649
 
124,569,884
 
Italy 2.4%
ACEA SpA
88,622
2,353,780
Amplifon SpA
297,067
3,737,019
Anima Holding SpA
48,555
406,828
Ariston Holding NV
124,991
484,541
Arnoldo Mondadori Editore SpA
232,403
565,457
Azimut Holding SpA
225,329
9,163,724
Banca Generali SpA
115,928
7,399,933
Banca IFIS SpA
64,128
1,517,637
BFF Bank SpA *(a)
363,953
1,195,997
Brembo NV
298,017
4,058,486
Carel Industries SpA
94,105
3,420,762
Cementir Holding NV
83,488
1,426,321
Credito Emiliano SpA
142,773
2,565,777
Danieli & C Officine Meccaniche SpA
26,325
2,260,988
De' Longhi SpA
143,977
5,994,736
DiaSorin SpA (a)
46,011
3,571,626
El.En. SpA
93,363
1,737,751
Enav SpA
524,078
3,299,434
ERG SpA
106,135
2,841,215
SECURITY
NUMBER
OF SHARES
VALUE ($)
Fincantieri SpA *
198,581
2,742,572
GVS SpA *
144,045
716,918
Intercos SpA
107,848
1,540,443
Iren SpA
1,307,292
4,088,458
Italmobiliare SpA
36,351
1,206,843
Iveco Group NV
381,890
6,203,398
Juventus Football Club SpA *(a)
193,570
460,808
Lottomatica Group SpA
496,737
14,735,137
Maire SpA
291,335
4,977,209
MARR SpA (a)
67,018
552,921
MFE-MediaForEurope NV, Class A
647,259
2,285,594
MFE-MediaForEurope NV, Class B
103,913
455,700
Moltiply Group SpA
30,211
1,105,235
Piaggio & C SpA (a)
384,173
777,819
RAI Way SpA
187,061
1,233,343
Rizzoli Corriere Della Sera Mediagroup
SpA
362,137
389,211
Saipem SpA
2,697,622
12,969,715
Salvatore Ferragamo SpA *
141,857
1,564,353
Sanlorenzo SpA
30,245
1,310,128
Sesa SpA
14,609
1,654,505
SOL SpA
75,366
4,969,081
Tamburi Investment Partners SpA
215,862
2,259,544
Technogym SpA
224,251
4,660,692
Tinexta SpA (a)
22,963
414,812
Webuild SpA (a)
881,176
2,541,928
Zignago Vetro SpA
65,531
565,124
 
134,383,503
 
Japan 19.4%
& ST HD Co. Ltd.
49,296
1,009,517
A&D HOLON Holdings Co. Ltd.
54,113
952,136
ADEKA Corp.
170,230
4,589,655
Aeon Hokkaido Corp.
85,602
448,471
Ai Holdings Corp.
77,259
1,363,765
Aica Kogyo Co. Ltd.
115,955
2,513,002
Aichi Corp.
60,699
533,056
Aichi Financial Group, Inc.
374,495
3,192,347
Aichi Steel Corp.
58,419
1,087,719
Aida Engineering Ltd.
109,591
776,548
Ain Holdings, Inc.
54,582
1,886,832
Aiphone Co. Ltd.
23,784
404,294
Airman Corp.
44,999
475,176
Aisan Industry Co. Ltd.
65,309
781,952
Aizawa Securities Group Co. Ltd.
36,772
328,012
Akatsuki, Inc.
13,708
272,111
Akita Bank Ltd.
35,791
1,346,743
Alconix Corp.
60,396
943,557
Alpen Co. Ltd. (a)
38,626
491,590
Altech Corp.
36,394
540,686
Anest Iwata Corp.
74,434
762,622
Anicom Holdings, Inc.
112,721
852,542
Anritsu Corp.
265,243
7,576,229
Anycolor, Inc. (a)
67,788
1,224,689
AOKI Holdings, Inc.
72,710
749,070
Aoyama Trading Co. Ltd.
258,222
1,125,737
Appier Group, Inc.
150,658
899,083
Arata Corp.
58,426
949,482
ARCHION Corp. *(a)
567,030
1,250,251
ARCLANDS Corp.
99,132
1,186,296
Arcs Co. Ltd.
85,911
1,745,851
ARE Holdings, Inc.
152,275
3,228,395
Argo Graphics, Inc.
124,051
1,010,705
Ariake Japan Co. Ltd.
36,316
1,209,089
Arisawa Manufacturing Co. Ltd.
63,380
918,908
Artience Co. Ltd.
68,650
1,806,919
As One Corp.
125,462
1,663,737
Asahi Diamond Industrial Co. Ltd. (a)
97,112
819,281
  
23

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Asahi Kogyosha Co. Ltd.
42,216
1,056,792
Asahi Yukizai Corp.
26,694
1,118,468
Asanuma Corp.
137,006
697,122
ASKA Pharmaceutical Holdings Co. Ltd.
41,524
764,277
ASKUL Corp. (a)
74,055
545,213
Atom Corp. *(a)
228,090
961,420
Aucnet, Inc.
73,803
633,763
Autobacs Seven Co. Ltd.
123,832
1,156,720
Avant Group Corp.
51,289
357,950
Avex, Inc.
66,444
502,953
Awa Bank Ltd.
65,856
2,771,752
Axial Retailing, Inc.
130,886
856,732
AZ-COM MARUWA Holdings, Inc. (a)
109,482
548,132
Bando Chemical Industries Ltd.
51,285
722,288
Bank of Iwate Ltd.
114,528
1,343,199
Bank of Nagoya Ltd.
84,838
3,123,002
Bank of Saga Ltd.
31,009
1,014,868
Bank of the Ryukyus Ltd.
74,844
1,178,209
Belc Co. Ltd.
23,931
932,045
Bell System24 Holdings, Inc.
75,893
677,931
Belluna Co. Ltd.
94,861
551,206
BML, Inc.
44,871
982,319
Broadleaf Co. Ltd.
113,496
668,756
BRONCO BILLY Co. Ltd.
21,597
571,841
Buffalo, Inc.
21,785
318,037
Bunka Shutter Co. Ltd.
113,141
1,333,328
Business Engineering Corp.
62,304
411,342
C Uyemura & Co. Ltd.
20,727
3,036,332
Cawachi Ltd. (a)
26,603
548,136
CCI Group, Inc.
390,102
2,541,213
Central Automotive Products Ltd.
87,871
1,154,759
Central Glass Co. Ltd.
47,001
1,212,005
Central Security Patrols Co., Ltd.
16,236
265,177
Change Holdings, Inc. (a)
76,253
447,392
Chiba Kogyo Bank Ltd.
102,458
1,465,525
Chiyoda Co. Ltd.
37,906
233,356
Chiyoda Corp. *
347,604
1,644,235
Chofu Seisakusho Co. Ltd.
42,262
533,883
Chori Co. Ltd.
23,094
594,795
Chubu Shiryo Co. Ltd.
52,640
563,138
Chubu Steel Plate Co. Ltd.
38,031
500,024
Chudenko Corp.
61,607
1,886,639
Chugoku Marine Paints Ltd.
82,519
1,741,716
Chuo Spring Co. Ltd. (a)
19,705
505,653
Citizen Watch Co. Ltd.
446,791
6,497,400
CKD Corp.
120,573
4,968,647
CMK Corp. (a)
118,633
572,336
COLOPL, Inc.
160,869
403,208
Colowide Co. Ltd. (a)
182,908
2,057,270
Comforia Residential REIT, Inc.
4,226
2,803,352
Computer Engineering & Consulting Ltd.
49,488
634,183
Comture Corp.
44,704
374,616
Cosel Co. Ltd.
48,808
479,832
CRE Logistics REIT, Inc.
1,155
1,072,360
Create Restaurants Holdings, Inc. (a)
491,347
2,179,100
Create SD Holdings Co. Ltd. (a)
55,189
1,111,130
Cresco Ltd.
60,999
584,738
CTI Engineering Co. Ltd.
42,288
715,913
Curves Holdings Co. Ltd.
93,798
503,194
Cybozu, Inc. (a)
48,850
779,133
Dai Nippon Toryo Co. Ltd.
48,790
394,758
Dai-Dan Co. Ltd.
196,466
3,270,525
Daido Metal Co. Ltd. (a)
76,744
524,032
Daiei Kankyo Co. Ltd.
73,996
1,829,099
Daihen Corp.
39,827
3,965,437
Daiichi Jitsugyo Co. Ltd.
42,807
837,639
Daiichikosho Co. Ltd.
146,833
1,505,778
Daiki Aluminium Industry Co. Ltd.
53,876
650,817
Daikokutenbussan Co. Ltd. (a)
12,384
331,402
SECURITY
NUMBER
OF SHARES
VALUE ($)
Daikyonishikawa Corp.
83,893
575,483
Dainichiseika Color & Chemicals
Manufacturing Co. Ltd.
116,529
771,541
Daio Paper Corp.
198,805
1,183,913
Daiseki Co. Ltd.
85,052
2,155,819
Daishi Hokuetsu Financial Group, Inc.
494,380
6,273,306
Daito Pharmaceutical Co. Ltd.
48,675
367,532
Daiwa Industries Ltd.
51,913
573,623
Daiwabo Holdings Co. Ltd.
170,910
3,673,937
DCM Holdings Co. Ltd.
201,230
1,845,567
DeNA Co. Ltd. (a)
125,559
2,100,406
Denka Co. Ltd.
170,857
4,805,118
Denyo Co. Ltd.
33,259
745,867
Digital Arts, Inc.
23,382
584,587
Digital Garage, Inc.
41,600
531,531
Dip Corp. (a)
69,414
763,079
DKS Co. Ltd.
19,859
1,418,411
Doshisha Co. Ltd.
41,898
778,531
Doutor Nichires Holdings Co. Ltd.
55,574
929,666
DTS Corp.
266,837
1,672,865
Duskin Co. Ltd.
81,362
2,052,066
DyDo Group Holdings, Inc.
34,512
581,668
Eagle Industry Co. Ltd.
48,056
854,919
Earth Corp.
33,764
996,864
EDION Corp.
162,848
2,424,460
eGuarantee, Inc.
63,668
681,514
Ehime Bank Ltd.
65,626
797,291
Eiken Chemical Co. Ltd.
62,047
1,157,218
Eizo Corp.
61,675
1,021,266
Elecom Co. Ltd.
89,957
958,396
en, Inc.
53,158
416,408
Enplas Corp.
13,699
1,038,677
ES-Con Japan Ltd. (a)
75,667
522,382
ESCON Japan REIT Investment Corp.
612
452,493
Eslead Corp.
14,963
478,433
ESPEC Corp.
38,316
954,350
euglena Co. Ltd.
241,545
564,450
Exedy Corp.
54,021
2,117,539
FCC Co. Ltd.
66,949
1,463,550
Feed One Co. Ltd.
44,642
336,519
Ferrotec Corp.
83,258
4,544,959
FIDEA Holdings Co. Ltd.
36,216
442,263
Financial Partners Group Co. Ltd.
114,487
1,125,524
First Bank of Toyama Ltd.
114,946
1,803,726
Fixstars Corp. (a)
56,480
959,369
FP Corp.
93,356
1,401,601
France Bed Holdings Co. Ltd. (a)
47,017
362,692
Fudo Tetra Corp.
26,357
453,329
Fuji Co. Ltd.
68,064
854,702
Fuji Corp.
166,345
8,294,784
Fuji Kyuko Co. Ltd.
75,077
964,461
Fuji Pharma Co. Ltd.
22,380
328,832
Fuji Seal International, Inc.
76,190
1,264,967
Fujibo Holdings, Inc.
66,426
1,662,841
Fujicco Co. Ltd.
42,530
400,480
Fujimi, Inc.
108,174
2,690,929
Fujio Food Group, Inc. (a)
60,197
431,086
Fujita Kanko, Inc.
81,691
959,622
Fujiya Co. Ltd.
21,950
323,479
Fukuda Corp.
12,493
587,804
Fukuda Denshi Co. Ltd.
29,065
2,130,715
Fukui Bank Ltd.
42,016
1,211,467
Fukui Computer Holdings, Inc.
18,614
362,481
Fukuoka REIT Corp.
1,486
1,593,443
Fukuyama Transporting Co. Ltd.
47,276
2,040,242
FULLCAST Holdings Co. Ltd.
30,060
290,800
Funai Soken Holdings, Inc. (a)
159,908
1,079,849
Furukawa Co. Ltd.
45,737
1,144,933
Furuno Electric Co. Ltd.
53,219
2,005,867
24
  

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Furuya Metal Co. Ltd.
32,909
1,813,003
Fuso Chemical Co. Ltd.
127,317
3,419,060
Futaba Corp.
83,788
342,121
Futaba Industrial Co. Ltd.
112,762
718,974
Future Corp.
74,004
741,016
G-7 Holdings, Inc.
45,847
396,290
Gakken Holdings Co. Ltd.
71,339
430,212
Galilei Co. Ltd.
48,751
1,053,480
Genki Global Dining Concepts Corp.
21,814
383,276
Genky DrugStores Co. Ltd.
33,531
708,787
Geo Holdings Corp.
42,049
559,984
Gift Holdings, Inc.
22,199
575,230
Giken Ltd. (a)
32,711
370,488
Global One Real Estate Investment Corp.
1,958
1,377,574
GLOBERIDE, Inc.
40,373
663,965
Glory Ltd.
99,682
2,559,834
GMO Financial Holdings, Inc.
68,525
495,460
Godo Steel Ltd.
22,100
381,360
Goldcrest Co. Ltd.
30,357
681,741
G-Tekt Corp.
49,793
691,891
GungHo Online Entertainment, Inc.
83,469
1,169,269
Gunze Ltd.
60,864
1,424,200
H.U. Group Holdings, Inc.
118,610
2,322,428
H2O Retailing Corp.
169,345
2,655,224
Hakuto Co. Ltd.
20,809
594,113
Halows Co. Ltd.
23,874
572,892
Hamakyorex Co. Ltd.
124,275
1,479,371
Hankyu Hanshin REIT, Inc.
1,384
1,251,069
Hanwa Co. Ltd.
336,105
3,996,776
Happinet Corp.
58,362
1,017,366
Hazama Ando Corp.
309,781
3,505,688
Health Care & Medical Investment Corp.
654
451,502
Heiwa Corp.
110,047
1,342,492
Heiwa Real Estate Co. Ltd.
85,975
1,257,301
Heiwa Real Estate REIT, Inc.
2,184
1,861,730
Heiwado Co. Ltd.
70,832
1,110,157
Hibiya Engineering Ltd.
54,873
1,073,745
Hiday Hidaka Corp.
49,173
819,190
HI-LEX Corp.
40,628
632,683
Hioki EE Corp.
20,737
1,589,242
Hirata Corp.
49,988
903,420
HIS Co. Ltd.
110,873
729,217
Hisaka Works Ltd.
40,818
359,231
Hochiki Corp.
100,566
1,246,414
Hodogaya Chemical Co. Ltd.
21,171
320,777
Hokkaido Electric Power Co., Inc. (a)
423,624
2,481,762
Hokkaido Gas Co. Ltd.
162,532
769,829
Hokkan Holdings Ltd.
27,572
387,972
Hokuetsu Corp.
219,629
1,261,015
Hokuriku Electric Power Co.
383,861
2,012,262
Hokuto Corp.
46,091
526,953
Hoosiers Holdings Co. Ltd.
62,412
458,710
Hoshino Resorts REIT, Inc.
1,116
1,687,425
Hosiden Corp.
95,861
1,637,327
Hosokawa Micron Corp.
27,692
916,746
Hulic Reit, Inc.
2,658
2,608,076
Hyakugo Bank Ltd.
461,600
5,526,789
Hyakujushi Bank Ltd.
195,215
3,047,360
Ichibanya Co. Ltd. (a)
140,195
779,399
Ichigo Office REIT Investment Corp.
1,886
1,029,546
Ichigo, Inc.
407,426
1,154,276
Ichiyoshi Securities Co. Ltd.
68,299
555,608
Icom, Inc.
18,054
353,277
Idec Corp.
56,351
1,226,561
IDOM, Inc.
120,155
1,021,986
Iino Kaiun Kaisha Ltd.
171,410
1,693,749
I'll, Inc.
20,822
333,670
Imperial Hotel Ltd.
108,152
784,015
Inaba Denki Sangyo Co. Ltd.
213,458
3,727,704
SECURITY
NUMBER
OF SHARES
VALUE ($)
Inabata & Co. Ltd.
94,720
2,278,897
Ines Corp.
36,547
483,268
Infomart Corp.
407,182
1,000,114
Insource Co. Ltd.
89,697
344,273
Intage Holdings, Inc.
36,670
392,062
Inui Global Logistics Co. Ltd.
48,584
493,806
Iriso Electronics Co. Ltd.
33,531
678,245
Ise Chemicals Corp. (a)
36,905
972,526
Iseki & Co. Ltd.
42,144
455,353
Ishihara Sangyo Kaisha Ltd.
59,846
1,251,883
Istyle, Inc. (a)
159,786
373,393
Itochu Enex Co. Ltd.
93,678
1,148,687
Itoki Corp.
92,235
1,487,325
Iwaki Co. Ltd.
21,357
452,791
Izumi Co. Ltd.
266,081
1,497,635
J Trust Co. Ltd.
151,204
722,823
JAC Recruitment Co. Ltd.
157,641
838,758
Jaccs Co. Ltd.
48,297
1,058,839
JAFCO Group Co. Ltd.
101,301
1,434,657
Japan Aviation Electronics Industry Ltd.
90,471
1,436,147
Japan Elevator Service Holdings Co. Ltd.
298,668
3,291,746
Japan Engine Corp.
9,372
506,897
Japan Excellent, Inc.
2,414
2,130,580
Japan Investment Adviser Co. Ltd.
59,247
772,269
Japan Lifeline Co. Ltd.
103,930
866,355
Japan Material Co. Ltd.
141,301
1,822,294
Japan Petroleum Exploration Co. Ltd.
299,356
3,364,206
Japan Pulp & Paper Co. Ltd.
166,266
1,213,651
Japan Securities Finance Co. Ltd.
155,051
2,226,563
Japan Transcity Corp.
93,480
672,957
Japan Wool Textile Co. Ltd.
107,809
1,188,547
JBCC Holdings, Inc.
102,691
767,005
JCR Pharmaceuticals Co. Ltd.
163,644
510,906
JCU Corp.
38,703
1,784,534
JDC Corp. (a)
116,620
397,060
JINS Holdings, Inc.
25,810
1,339,221
JM Holdings Co. Ltd.
54,073
431,728
J-Oil Mills, Inc.
43,260
537,251
Joshin Corp.
42,803
825,461
Joyful Honda Co. Ltd.
98,704
1,384,547
JP-Holdings, Inc.
88,116
336,545
JSB Co. Ltd.
17,621
741,634
JSP Corp.
29,030
471,402
Juroku Financial Group, Inc.
309,719
4,116,875
JVCKenwood Corp.
308,673
2,157,163
K&O Energy Group, Inc.
26,957
697,675
Kaga Electronics Co. Ltd.
77,491
2,154,015
Kaken Pharmaceutical Co. Ltd.
63,549
1,588,825
Kameda Seika Co. Ltd.
93,075
719,155
Kamei Corp.
37,916
858,642
Kanaden Corp.
22,721
378,374
Kanadevia Corp.
350,879
3,059,363
Kanagawa Chuo Kotsu Co. Ltd.
12,527
261,258
Kanamoto Co. Ltd.
62,279
1,946,341
Kanematsu Corp.
337,603
4,575,529
Kanro, Inc.
51,318
354,606
Kanto Denka Kogyo Co. Ltd.
106,996
2,436,463
Kappa Create Co. Ltd. *(a)
43,271
388,702
Kasumigaseki Capital Co. Ltd. (a)
37,471
1,431,143
Katakura Industries Co. Ltd.
44,628
708,991
Katitas Co. Ltd.
109,246
2,381,328
Kato Sangyo Co. Ltd.
43,512
1,599,002
Kawada Technologies, Inc.
90,438
691,394
KeePer Technical Laboratory Co. Ltd. (a)
27,422
450,631
Keihanshin Building Co. Ltd.
65,373
870,600
Keiyo Bank Ltd.
229,270
3,717,230
Key Coffee, Inc.
39,095
475,702
KH Neochem Co. Ltd.
62,887
1,097,431
Kisoji Co. Ltd.
46,572
677,852
  
25

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Kissei Pharmaceutical Co. Ltd.
65,095
1,590,675
Ki-Star Real Estate Co. Ltd.
35,858
774,870
Kitz Corp.
138,946
1,952,523
Kiyo Bank Ltd.
113,639
3,026,756
Koa Corp.
71,099
1,237,165
Koatsu Gas Kogyo Co. Ltd.
64,611
446,867
Kohnan Shoji Co. Ltd.
34,588
884,309
Kojima Co. Ltd.
64,771
564,341
Komatsu Matere Co. Ltd.
76,933
340,228
KOMEDA Holdings Co. Ltd.
95,374
1,691,317
Komehyo Holdings Co. Ltd.
13,099
469,849
Komeri Co. Ltd.
51,445
1,119,775
Komori Corp.
86,241
801,788
Konishi Co. Ltd.
104,639
903,817
Konoike Transport Co. Ltd.
62,092
1,061,325
Kosaido Holdings Co. Ltd. (a)
165,392
616,103
Koshidaka Holdings Co. Ltd.
102,348
613,355
KPP Group Holdings Co. Ltd.
90,402
573,566
Kumagai Gumi Co. Ltd.
275,941
2,478,771
Kumiai Chemical Industry Co. Ltd. (a)
182,260
877,010
Kura Sushi, Inc. (a)
82,991
856,029
Kurabo Industries Ltd.
28,886
1,865,369
Kureha Corp.
63,722
1,563,128
Kurimoto Ltd.
111,116
952,782
KYB Corp.
65,092
1,653,980
Kyodo Printing Co. Ltd.
40,902
396,970
Kyoei Steel Ltd.
43,224
492,817
Kyokuto Kaihatsu Kogyo Co. Ltd.
62,150
858,911
Kyokuto Securities Co. Ltd. (a)
50,370
495,821
Kyokuyo Co. Ltd.
24,453
680,487
Kyorin Pharmaceutical Co. Ltd.
81,228
645,987
Kyoritsu Maintenance Co. Ltd.
149,928
2,361,138
Kyosan Electric Manufacturing Co. Ltd.
106,735
505,548
Leopalace21 Corp.
437,247
1,711,193
Life Corp.
80,075
1,236,412
Lifedrink Co., Inc.
91,752
996,540
LIFENET INSURANCE Co. *
124,308
1,335,302
Link & Motivation, Inc.
82,875
293,100
Lintec Corp.
81,964
2,960,569
LITALICO, Inc.
54,168
541,374
M&A Capital Partners Co. Ltd.
29,158
630,087
Maeda Kosen Co. Ltd.
92,790
1,068,434
Maezawa Kyuso Industries Co. Ltd.
39,267
349,528
Makino Milling Machine Co. Ltd.
44,502
3,701,278
Mani, Inc.
153,690
1,691,469
Mars Group Holdings Corp.
26,535
499,063
Marudai Food Co. Ltd.
40,360
579,324
Marusan Securities Co. Ltd.
127,076
827,802
Maruzen Showa Unyu Co. Ltd.
28,466
1,371,532
Matsuda Sangyo Co. Ltd.
30,518
1,236,517
Matsui Securities Co. Ltd.
217,439
1,327,663
Matsuya Co. Ltd.
73,674
653,944
Matsuyafoods Holdings Co. Ltd.
18,646
560,469
Max Co. Ltd.
299,838
3,124,764
Maxell Ltd.
67,633
825,072
Maxvalu Tokai Co. Ltd.
23,151
484,282
MCJ Co. Ltd.
48,605
665,613
MEC Co. Ltd.
31,601
2,132,010
Medley, Inc. *
51,247
710,163
Megachips Corp.
21,152
1,644,964
Megmilk Snow Brand Co. Ltd.
96,294
2,114,125
Meidensha Corp.
79,164
5,007,736
Meiko Electronics Co. Ltd.
40,430
9,803,367
Meisei Industrial Co. Ltd.
71,587
781,570
MEITEC Group Holdings, Inc.
159,655
3,021,801
Menicon Co. Ltd.
121,826
1,242,826
METAWATER Co. Ltd.
48,924
1,092,561
Micronics Japan Co. Ltd.
66,270
6,136,188
Mie Kotsu Group Holdings, Inc.
122,364
398,938
SECURITY
NUMBER
OF SHARES
VALUE ($)
Milbon Co. Ltd.
53,298
887,909
Ministop Co. Ltd. (a)
24,483
276,989
Mirai Corp.
3,595
991,397
Mirai Industry Co. Ltd.
15,342
301,173
Mirait One Corp.
163,396
4,036,915
Mirarth Holdings, Inc.
244,576
636,060
MIRARTH Real Estate Investment Corp.
1,700
884,226
Miroku Jyoho Service Co. Ltd.
34,574
367,915
Mitani Sekisan Co. Ltd.
67,144
660,094
Mitsuba Corp.
88,308
749,999
Mitsubishi Estate Logistics REIT
Investment Corp.
2,710
2,070,080
Mitsubishi Pencil Co. Ltd.
94,093
1,550,386
Mitsubishi Research Institute, Inc.
19,690
560,310
Mitsuboshi Belting Ltd.
48,643
1,203,929
Mitsui DM Sugar Co. Ltd.
31,712
647,428
Mitsui High-Tec, Inc.
222,946
1,431,314
Mitsui-Soko Holdings Co. Ltd.
148,764
3,598,782
Mitsuuroko Group Holdings Co. Ltd.
67,342
744,531
MIXI, Inc.
70,800
1,175,478
Miyaji Engineering Group, Inc. (a)
52,193
486,553
Miyazaki Bank Ltd.
158,961
1,853,330
Mizuho Leasing Co. Ltd.
266,201
2,177,233
Mizuno Corp.
117,675
2,424,612
Mochida Pharmaceutical Co. Ltd.
45,885
994,430
Monex Group, Inc.
351,406
1,432,643
Monogatari Corp.
64,099
2,025,366
Mori Trust Reit, Inc.
4,884
2,270,344
Morinaga & Co. Ltd.
147,606
2,310,198
Moriroku Co. Ltd.
19,753
295,073
Morita Holdings Corp.
73,311
1,133,813
MOS Food Services, Inc.
51,206
1,151,564
Muninova Holdings, Inc.
635,021
1,723,281
m-up Holdings, Inc.
135,997
537,359
Murakami Corp.
14,317
610,669
Musashi Seimitsu Industry Co. Ltd.
91,266
5,423,559
Musashino Bank Ltd.
185,406
2,822,029
Nachi-Fujikoshi Corp.
30,284
1,103,381
Nagaileben Co. Ltd.
35,711
374,406
Nagawa Co. Ltd. (a)
20,975
650,239
Nakanishi, Inc.
132,796
2,544,304
Namura Shipbuilding Co. Ltd.
114,505
2,686,577
Nanto Bank Ltd.
290,552
3,077,270
NEC Capital Solutions Ltd.
19,584
488,401
Net Protections Holdings, Inc. *
128,950
289,994
Neturen Co. Ltd.
60,668
498,866
Nextage Co. Ltd.
94,825
2,111,657
Nichiban Co. Ltd.
33,344
382,265
Nichicon Corp.
121,689
2,881,887
Nichiden Corp.
28,975
459,588
Nichiha Corp.
48,523
908,035
Nichireki Group Co. Ltd.
54,353
686,625
Nihon Dengi Co. Ltd.
89,020
1,370,055
Nihon M&A Center Holdings, Inc.
610,172
2,499,103
Nihon Nohyaku Co. Ltd.
83,535
554,661
Nihon Parkerizing Co. Ltd.
194,810
1,824,623
Nihon Tokushu Toryo Co. Ltd.
31,189
463,162
Nikkiso Co. Ltd.
106,894
2,084,967
Nippn Corp.
137,758
2,303,611
Nippon Beet Sugar Manufacturing Co.
Ltd.
20,265
544,847
Nippon Carbon Co. Ltd.
17,454
519,706
Nippon Ceramic Co. Ltd.
31,737
794,472
Nippon Chemi-Con Corp.
43,803
1,397,822
Nippon Denko Co. Ltd.
167,439
575,345
Nippon Densetsu Kogyo Co. Ltd.
63,185
1,792,074
Nippon Fine Chemical Co. Ltd.
22,055
340,821
Nippon Gas Co. Ltd.
222,254
3,865,955
Nippon Kanzai Holdings Co. Ltd.
36,573
632,716
26
  

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Nippon Light Metal Holdings Co. Ltd.
120,986
2,405,432
Nippon Paper Industries Co. Ltd.
232,626
1,839,790
Nippon Parking Development Co. Ltd.,
Class C
377,757
581,384
NIPPON REIT Investment Corp.
3,327
1,795,272
Nippon Rietec Co. Ltd.
28,127
499,851
Nippon Seiki Co. Ltd.
96,263
1,608,515
Nippon Sharyo Ltd
15,436
319,987
Nippon Sheet Glass Co. Ltd. *
215,297
647,825
Nippon Signal Co. Ltd.
100,147
999,017
Nippon Soda Co. Ltd.
92,619
2,120,713
Nippon Thompson Co. Ltd.
118,771
1,702,591
Nippon Yakin Kogyo Co. Ltd. (a)
25,950
752,304
Nishikawa Rubber Co. Ltd.
48,016
935,044
Nishimatsu Construction Co. Ltd.
60,908
2,077,583
Nishimatsuya Chain Co. Ltd.
68,978
846,247
Nishi-Nippon Financial Holdings, Inc.
259,826
6,451,989
Nishi-Nippon Railroad Co. Ltd.
152,979
2,706,130
Nishio Holdings Co. Ltd.
40,372
973,858
Nissan Shatai Co. Ltd.
139,635
958,735
Nissei ASB Machine Co. Ltd.
17,787
1,045,834
Nissha Co. Ltd.
91,167
936,926
Nisshin Oillio Group Ltd.
155,520
1,712,586
Nisshinbo Holdings, Inc.
298,641
4,519,292
Nissui Corp.
585,935
4,878,804
Nitta Corp.
35,806
1,320,317
Nittetsu Mining Co. Ltd.
106,260
1,600,008
Nitto Boseki Co. Ltd.
63,106
8,986,827
Nitto Kogyo Corp.
53,635
1,591,968
Nittoku Co. Ltd.
30,631
569,749
Noevir Holdings Co. Ltd.
36,608
1,004,944
Nohmi Bosai Ltd.
47,589
1,473,797
Nojima Corp.
364,306
3,279,418
Nomura Co. Ltd.
166,358
1,139,080
Nomura Micro Science Co. Ltd.
60,551
1,745,895
Noritake Co. Ltd.
100,152
2,475,646
Noritsu Koki Co. Ltd.
112,960
1,508,593
Noritz Corp.
63,475
905,931
North Pacific Bank Ltd.
697,004
4,260,223
NPR-RIKEN Corp.
47,222
1,147,994
NS United Kaiun Kaisha Ltd.
23,246
1,141,929
NSD Co. Ltd.
137,764
2,206,786
NTN Corp.
1,116,487
3,177,839
NTT UD REIT Investment Corp.
2,728
2,267,193
Nxera Pharma Co. Ltd. *
146,086
979,168
Obara Group, Inc.
19,159
760,631
Ogaki Kyoritsu Bank Ltd.
72,637
3,294,423
Ohsho Food Service Corp.
72,429
1,227,548
Oiles Corp.
40,954
660,656
Oisix ra daichi, Inc.
57,441
531,507
Oita Bank Ltd.
144,774
2,049,881
Okabe Co. Ltd.
74,174
426,807
Okamoto Industries, Inc.
24,930
869,159
Okamura Corp.
149,750
2,174,898
Okasan Securities Group, Inc.
377,964
2,234,211
Oki Electric Industry Co. Ltd.
176,679
3,934,462
Okinawa Cellular Telephone Co.
80,993
1,806,176
Okinawa Electric Power Co., Inc.
89,712
511,143
Okinawa Financial Group, Inc.
39,482
1,530,272
OKUMA Corp. (a)
97,392
2,496,133
Okumura Corp.
62,505
2,202,733
Okura Industrial Co. Ltd.
19,205
591,146
One REIT, Inc.
1,452
694,121
Onoken Co. Ltd.
45,048
381,178
Onward Holdings Co. Ltd.
231,841
1,058,788
Open Up Group, Inc.
118,990
1,384,317
Optex Group Co. Ltd.
67,362
1,802,639
Optorun Co. Ltd.
59,641
1,378,723
Orient Corp.
132,857
741,943
SECURITY
NUMBER
OF SHARES
VALUE ($)
Oriental Shiraishi Corp.
222,569
454,394
Osaka Organic Chemical Industry Ltd.
32,400
1,168,264
Osaka Soda Co. Ltd.
189,879
2,242,431
Osaka Steel Co. Ltd. *(a)
28,313
461,182
OSAKA Titanium Technologies Co.
Ltd. (a)
65,401
1,199,641
Osaki Electric Co. Ltd.
64,070
665,291
OSG Corp. (a)
144,167
3,101,778
Oyo Corp.
36,904
666,029
Pacific Metals Co. Ltd.
33,451
485,616
Pack Corp.
78,214
635,774
PAL GROUP Holdings Co. Ltd.
200,555
1,742,368
Pasona Group, Inc. (a)
33,664
340,679
Penta-Ocean Construction Co. Ltd.
553,827
6,187,457
PeptiDream, Inc. *
196,702
1,367,857
PHC Holdings Corp.
64,948
450,829
Pigeon Corp.
223,182
2,617,506
PILLAR Corp.
38,212
2,258,778
Pilot Corp.
69,186
2,162,633
Piolax, Inc.
39,081
389,607
PKSHA Technology, Inc. *(a)
36,035
714,181
Plus Alpha Consulting Co. Ltd.
53,824
886,529
Premium Group Co. Ltd.
68,363
869,622
Press Kogyo Co. Ltd.
141,218
742,506
Prestige International, Inc.
190,861
751,742
Prima Meat Packers Ltd.
48,704
738,561
Procrea Holdings, Inc.
54,771
1,346,997
PS Construction Co., Ltd.
35,898
493,629
Qol Holdings Co. Ltd. (a)
46,769
541,462
Raito Kogyo Co. Ltd.
87,750
2,240,742
Raiznext Corp.
43,696
613,484
Remixpoint, Inc. (a)
314,634
361,694
Rengo Co. Ltd.
452,931
4,148,335
RENOVA, Inc. *
102,761
776,566
Restar Corp.
40,184
1,026,119
Retail Partners Co. Ltd.
52,816
414,725
Rheon Automatic Machinery Co. Ltd.
39,598
361,927
Ricoh Leasing Co. Ltd.
31,671
1,201,664
Rigaku Holdings Corp. (a)
223,628
3,943,236
Riken Keiki Co. Ltd.
76,043
1,743,558
Riken Technos Corp.
75,462
748,979
Riken Vitamin Co. Ltd.
41,784
736,516
Ringer Hut Co. Ltd. (a)
49,755
655,732
Riso Kagaku Corp.
78,455
488,896
Rock Field Co. Ltd. (a)
47,761
372,031
Roland Corp.
27,601
792,365
Royal Holdings Co. Ltd.
129,295
1,042,872
RS Technologies Co. Ltd.
28,909
1,351,109
Ryobi Ltd.
43,160
744,231
RYODEN Corp.
26,395
628,413
Ryoyo Ryosan Holdings, Inc.
70,451
1,273,243
S Foods, Inc.
36,460
621,829
S&B Foods, Inc.
35,376
1,251,127
Sagami Holdings Corp.
54,794
575,511
Saibu Gas Holdings Co. Ltd.
59,922
826,238
Saizeriya Co. Ltd.
58,657
1,967,639
Sakai Chemical Industry Co. Ltd.
29,135
904,120
Sakai Moving Service Co. Ltd.
40,064
720,040
Sakata INX Corp.
91,742
1,353,164
Sakata Seed Corp.
65,410
1,696,987
Sakura Internet, Inc. (a)
48,764
926,635
Sala Corp.
119,727
728,034
Samty Residential Investment Corp.
774
480,863
San ju San Financial Group, Inc.
176,240
1,769,153
San-A Co. Ltd.
83,826
1,635,026
San-Ai Obbli Co. Ltd.
97,836
1,305,381
Sangetsu Corp.
96,088
1,749,249
San-In Godo Bank Ltd.
303,384
3,931,662
Sankei Real Estate, Inc.
694
527,508
  
27

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Sanken Electric Co. Ltd. *(a)
25,148
1,435,990
Sanki Engineering Co. Ltd.
278,673
4,054,317
Sankyo Seiko Co. Ltd.
60,895
330,506
Sansan, Inc.
171,129
1,804,922
Sanshin Electronics Co. Ltd.
18,880
333,386
Santec Holdings Corp.
10,171
1,596,027
Sanyo Chemical Industries Ltd.
23,534
774,660
Sanyo Denki Co. Ltd.
55,557
2,369,697
Sanyo Electric Railway Co. Ltd. (a)
33,076
394,776
Sato Corp.
53,822
742,804
SBS Holdings, Inc.
33,306
1,022,048
Seika Corp.
56,712
1,148,918
Seikitokyu Kogyo Co. Ltd.
45,115
405,550
Seiko Group Corp.
117,410
5,214,453
Seikoh Giken Co., Ltd.
9,354
1,584,169
Seiren Co. Ltd.
104,198
2,156,746
Sekisui Jushi Corp.
44,072
589,140
Senko Group Holdings Co. Ltd.
282,687
3,385,532
Senshu Electric Co. Ltd. (a)
24,781
996,284
Senshu Ikeda Holdings, Inc.
477,219
2,889,874
Septeni Holdings Co. Ltd.
143,797
512,174
Seria Co. Ltd.
104,600
2,493,605
Shibaura Machine Co. Ltd.
43,995
1,093,035
Shibaura Mechatronics Corp.
127,053
4,134,271
Shibusawa Logistics Corp.
74,721
663,237
Shibuya Corp.
48,119
1,175,846
Shiga Bank Ltd.
413,521
5,200,509
Shikoku Bank Ltd.
80,738
1,394,238
Shikoku Kasei Holdings Corp.
64,617
2,536,945
Shima Seiki Manufacturing Ltd.
56,379
326,891
Shin Nippon Air Technologies Co. Ltd.
47,974
1,030,662
Shin Nippon Biomedical Laboratories
Ltd. (a)
37,944
290,080
Shinagawa Refra Co. Ltd.
51,764
624,003
Shindengen Electric Manufacturing Co.
Ltd.
13,608
306,028
Shin-Etsu Polymer Co. Ltd.
75,008
1,070,062
Shinmaywa Industries Ltd.
101,495
1,408,395
Shinnihon Corp.
55,827
793,270
Shinsho Corp.
27,299
419,800
Shinwa Co. Ltd.
22,202
408,782
Ship Healthcare Holdings, Inc.
153,961
2,020,865
Shizuoka Gas Co. Ltd.
83,953
648,145
Shochiku Co. Ltd. (a)
20,747
1,334,564
Shoei Co. Ltd.
100,035
1,097,186
Shoei Foods Corp. (a)
24,931
628,013
Shofu, Inc.
45,149
511,078
Showa Sangyo Co. Ltd.
47,078
940,436
SIGMAXYZ Holdings, Inc.
108,548
378,442
Siix Corp.
66,424
583,333
Simplex Holdings, Inc.
283,560
1,895,269
Sinanen Holdings Co. Ltd.
10,247
489,209
Sinfonia Technology Co. Ltd.
42,656
3,684,402
Sinko Industries Ltd.
98,934
763,182
Sintokogio Ltd.
98,697
794,834
SMS Co. Ltd.
141,422
1,771,440
Sodick Co. Ltd.
90,099
1,084,425
Softcreate Holdings Corp.
28,273
288,609
Software Service, Inc.
4,860
317,507
SOSiLA Logistics REIT, Inc.
1,394
1,002,657
Sparx Group Co. Ltd.
39,276
524,535
SRA Holdings
22,709
645,507
SRE Holdings Corp.
28,393
428,240
St. Marc Holdings Co. Ltd.
32,794
525,314
Star Asia Investment Corp.
4,947
1,699,861
Starts Corp., Inc.
71,329
2,034,259
Starts Proceed Investment Corp.
460
538,338
Starzen Co. Ltd.
84,501
623,712
Stella Chemifa Corp.
16,825
738,782
SECURITY
NUMBER
OF SHARES
VALUE ($)
Strike Group Co. Ltd.
71,061
562,453
Sumida Corp.
58,240
539,266
Sumitomo Osaka Cement Co. Ltd.
63,156
2,157,833
Sumitomo Seika Chemicals Co. Ltd.
84,369
705,946
Sumitomo Warehouse Co. Ltd.
109,827
2,697,554
Sun Corp. (a)
22,817
1,322,953
Sun Frontier Fudousan Co. Ltd.
54,827
817,290
Suruga Bank Ltd.
260,748
3,795,170
SWCC Corp.
59,667
5,562,273
Systena Corp.
490,950
1,289,133
T Hasegawa Co. Ltd.
61,114
1,180,511
Tachibana Eletech Co. Ltd.
32,411
652,536
Tachi-S Co. Ltd.
59,805
853,552
Tadano Ltd.
224,022
1,799,888
Taihei Dengyo Kaisha Ltd.
91,402
1,582,410
Taikisha Ltd.
91,269
2,565,669
Takamatsu Construction Group Co. Ltd.
40,600
918,148
Takaoka Toko Co. Ltd.
23,641
1,194,005
Takara Bio, Inc.
31,896
228,816
Takara Standard Co. Ltd.
97,227
1,813,349
Takasago International Corp.
192,879
1,361,869
Takeuchi Manufacturing Co. Ltd.
65,234
2,790,650
Taki Chemical Co. Ltd.
16,236
510,977
Takuma Co. Ltd.
122,972
2,622,589
Tama Home Co. Ltd. (a)
29,801
573,780
Tamron Co. Ltd.
258,165
1,709,315
Tamura Corp.
144,757
982,082
Tanseisha Co. Ltd.
83,742
733,841
TDC Soft, Inc.
60,899
356,159
TechMatrix Corp.
73,932
844,791
Techno Ryowa Ltd.
27,677
1,100,543
Teikoku Corp.
31,870
587,590
Teikoku Sen-I Co. Ltd.
42,635
840,969
Tekken Corp.
22,285
642,554
TKC Corp.
72,154
1,554,672
Toa Corp.
44,750
436,284
Toa Corp.
122,019
1,796,674
TOA ROAD Corp.
84,279
802,077
Toagosei Co. Ltd.
188,830
2,086,513
TOC Co. Ltd.
70,231
457,942
Tocalo Co. Ltd.
113,162
2,217,887
Tochigi Bank Ltd.
191,780
1,137,259
Toei Co. Ltd.
55,586
2,060,163
Toenec Corp.
90,217
1,288,733
Toho Bank Ltd.
449,929
2,125,426
Toho Holdings Co. Ltd.
113,434
3,004,907
Tohokushinsha Film Corp. (a)
102,864
355,394
Tokai Carbon Co. Ltd.
407,021
4,551,149
Tokai Corp.
47,349
704,926
TOKAI Holdings Corp.
247,172
1,715,717
Tokai Rika Co. Ltd. (a)
106,804
1,965,800
Tokai Tokyo Financial Holdings, Inc.
496,041
2,162,526
Token Corp.
9,798
787,213
Tokushu Tokai Paper Co. Ltd.
53,080
598,188
Tokuyama Corp.
143,599
4,606,823
Tokyo Electron Device Ltd. (a)
34,454
873,308
Tokyo Energy & Systems, Inc.
35,131
540,681
Tokyo Keiki, Inc.
31,123
1,157,410
Tokyo Kiraboshi Financial Group, Inc.
64,956
4,692,468
Tokyo Steel Manufacturing Co. Ltd.
98,542
1,087,001
Tokyotokeiba Co. Ltd.
28,035
831,241
Tokyu Construction Co. Ltd.
171,352
1,274,457
Tokyu REIT, Inc.
1,800
2,097,494
Tomoku Co. Ltd.
25,719
642,208
TOMONY Holdings, Inc.
336,257
1,850,375
Topre Corp.
82,020
1,424,105
Topy Industries Ltd.
32,831
581,384
Torishima Pump Manufacturing Co. Ltd.
40,996
699,191
Tosei Corp.
114,591
1,157,499
28
  

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Tosei REIT Investment Corp.
475
391,482
Toshiba TEC Corp.
53,395
1,056,563
Totech Corp.
52,010
1,223,553
Totetsu Kogyo Co. Ltd.
46,819
1,254,369
Towa Bank Ltd.
72,679
584,390
Towa Corp.
134,335
2,535,817
Towa Pharmaceutical Co. Ltd.
53,327
1,323,209
Toyo Corp.
36,885
484,262
Toyo Engineering Corp. (a)
58,477
742,396
Toyo Gosei Co. Ltd.
11,363
1,191,334
Toyo Kanetsu KK
33,573
476,842
Toyo Tanso Co. Ltd.
28,974
1,375,987
Toyobo Co. Ltd.
172,137
1,957,208
TPR Co. Ltd.
104,941
922,247
Transaction Co. Ltd.
69,531
563,883
Transcosmos, Inc.
46,527
1,136,943
TRE Holdings Corp.
73,802
765,419
Tri Chemical Laboratories, Inc.
56,339
1,334,242
Trusco Nakayama Corp.
97,741
1,362,443
TS Tech Co. Ltd.
136,407
1,548,814
TSI Holdings Co. Ltd.
102,808
760,130
Tsubakimoto Chain Co.
188,320
3,196,436
Tsuburaya Fields Holdings, Inc.
73,930
642,284
Tsugami Corp.
92,374
3,667,339
Tsukishima Holdings Co. Ltd.
51,129
855,951
Tsurumi Manufacturing Co. Ltd.
76,443
1,018,024
TV Asahi Holdings Corp.
44,827
882,798
Tv Tokyo Holdings Corp.
11,840
280,400
UACJ Corp.
341,266
7,117,301
Uchida Yoko Co. Ltd.
90,322
1,148,387
Umios Corp.
266,305
2,119,533
Union Tool Co.
18,659
2,581,011
Unipres Corp.
60,831
495,620
UNISOL Holdings Corp. (a)
30,191
395,618
United Arrows Ltd.
45,518
713,408
United Super Markets Holdings, Inc.
159,283
816,477
Ushio, Inc.
141,763
3,701,030
UT Group Co. Ltd.
816,397
917,991
V Technology Co. Ltd.
16,226
583,031
Valor Holdings Co. Ltd.
85,168
1,832,404
Valqua Ltd.
32,413
1,669,619
Vector, Inc.
61,521
544,140
Vision, Inc.
88,663
594,280
Vital KSK Holdings, Inc.
76,072
783,706
VT Holdings Co. Ltd.
197,700
550,167
Wacoal Holdings Corp.
100,336
2,910,683
Wacom Co. Ltd.
261,601
1,390,253
Wakita & Co. Ltd.
84,458
896,627
Warabeya Nichiyo Holdings Co. Ltd.
26,367
440,416
Weathernews, Inc. (a)
52,015
677,348
Wellneo Sugar Co. Ltd.
26,317
429,827
West Holdings Corp.
47,154
798,292
WingArc1st, Inc.
44,469
707,023
World Co. Ltd.
127,503
1,193,413
Yahagi Construction Co. Ltd.
64,337
758,190
YAMABIKO Corp.
76,796
1,888,663
Yamae Group Holdings Co. Ltd.
39,847
736,415
Yamagata Bank Ltd.
55,482
1,078,691
Yamaichi Electronics Co. Ltd.
35,634
1,951,935
Yamanashi Chuo Bank Ltd.
56,228
2,073,361
Yamazen Corp.
104,501
1,140,262
Yellow Hat Ltd.
127,339
1,323,865
Yodoko Ltd.
250,982
1,992,847
Yokogawa Bridge Holdings Corp.
63,232
1,117,354
Yokorei Co. Ltd.
92,352
1,508,356
Yokowo Co. Ltd.
43,152
1,412,287
Yondenko Corp.
62,923
772,752
Yondoshi Holdings, Inc. (a)
31,096
355,517
Yonex Co. Ltd.
119,535
1,773,614
SECURITY
NUMBER
OF SHARES
VALUE ($)
Yoshinoya Holdings Co. Ltd.
133,882
2,680,331
Yuasa Co. Ltd.
30,540
1,087,768
Yurtec Corp.
74,634
1,126,613
Zacros Corp.
122,749
976,965
Zenrin Co. Ltd.
64,096
361,167
ZERIA Pharmaceutical Co. Ltd.
58,462
841,729
Zojirushi Corp.
63,140
571,548
Zuken, Inc.
28,958
846,784
 
1,088,857,017
 
Netherlands 1.8%
Aalberts NV
203,465
9,316,887
Allfunds Group PLC
747,651
7,485,802
Aperam SA
90,016
5,362,503
Arcadis NV
143,897
5,877,219
Basic-Fit NV *
106,360
3,827,761
Corbion NV
119,943
2,818,944
Eurocommercial Properties NV
86,786
2,952,163
Flow Traders Ltd. *
71,700
2,075,023
Fugro NV
229,201
3,033,065
Havas NV
116,284
2,300,074
Koninklijke BAM Groep NV
554,262
7,205,306
Koninklijke Heijmans NV
50,076
6,217,608
Koninklijke Vopak NV
114,953
6,138,446
Lakefront Biotherapeutics NV *
105,949
3,024,165
OCI NV *(a)
219,713
958,914
PostNL NV
661,308
777,115
SBM Offshore NV
275,293
10,485,700
Signify NV
243,044
5,904,971
Sligro Food Group NV
46,585
703,449
Theon International PLC (a)
54,575
2,124,574
TKH Group NV
72,715
3,911,804
TomTom NV *
129,958
765,097
Van Lanschot Kempen NV
68,308
5,308,819
Wereldhave NV
75,633
1,844,632
 
100,420,041
 
New Zealand 0.4%
Air New Zealand Ltd.
3,280,317
864,127
Argosy Property Ltd.
1,607,137
1,024,735
Channel Infrastructure NZ Ltd.
830,584
1,571,375
Freightways Group Ltd.
344,040
2,799,223
Genesis Energy Ltd.
1,266,856
1,903,751
Goodman New Zealand Ltd. & Goodman
Property Services NZ Ltd.
1,986,171
2,378,241
Heartland Group Holdings Ltd.
1,609,994
1,098,850
Kiwi Property Group Ltd.
2,948,715
1,659,471
Oceania Healthcare Ltd. *
1,480,391
686,890
Precinct Properties Group
3,517,758
2,158,733
Scales Corp. Ltd.
288,220
1,054,325
SKY Network Television Ltd.
210,774
410,119
SKYCITY Entertainment Group Ltd. *
2,197,714
657,885
Stride Property Group
1,044,020
728,189
Summerset Group Holdings Ltd.
443,546
2,129,718
Vector Ltd.
505,045
1,523,947
Vital Healthcare Property Trust
1,057,561
1,193,510
 
23,843,089
 
Norway 2.9%
Aker Solutions ASA
530,954
2,452,627
Atea ASA *
160,703
2,881,629
Austevoll Seafood ASA
175,266
1,683,352
AutoStore Holdings Ltd. *
2,270,677
3,233,217
Bakkafrost P
104,940
5,208,820
Bluenord ASA *
44,181
2,502,021
Bonheur ASA
39,378
1,078,768
  
29

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Borregaard ASA
196,428
3,037,283
BW Energy Ltd. *
122,787
756,516
BW LPG Ltd.
186,507
3,675,532
BW Offshore Ltd.
178,446
887,863
Cadeler AS *
399,763
2,569,076
DNO ASA
1,631,382
3,169,070
DOF Group ASA
260,853
3,378,164
Elkem ASA *
560,554
1,956,889
Entra ASA
89,024
1,008,306
Europris ASA
316,096
3,169,448
Frontline PLC
301,459
10,314,995
Grieg Seafood ASA (a)
84,034
288,630
Hafnia Ltd.
528,790
4,085,366
Hoegh Autoliners ASA
212,933
3,158,765
Leroy Seafood Group ASA
575,443
2,722,936
MPC Container Ships ASA
714,783
1,871,476
Nordic Semiconductor ASA *
355,999
7,725,030
Norwegian Air Shuttle ASA
1,130,616
2,032,861
Odfjell Drilling Ltd.
249,860
2,375,445
Protector Forsikring ASA
127,220
6,292,673
Scatec ASA *
254,955
2,851,790
Sparebank 1 Oestlandet
95,828
2,048,091
SpareBank 1 SMN
263,225
5,471,883
SpareBank 1 Sor-Norge ASA
428,031
8,898,773
Sparebanken Norge
364,796
7,516,965
Stolt-Nielsen Ltd.
45,834
1,456,631
Storebrand ASA
843,347
16,062,970
Subsea 7 SA
471,913
15,585,311
TGS ASA
403,843
6,603,029
TOMRA Systems ASA
489,178
5,143,276
Veidekke ASA
216,258
4,224,375
Wallenius Wilhelmsen ASA
219,791
2,824,973
Wilh Wilhelmsen Holding ASA, Class A
21,439
1,613,404
Wilh Wilhelmsen Holding ASA, Class B
12,059
827,855
 
164,646,084
 
Poland 1.7%
Alior Bank SA
183,341
6,373,249
Asseco Poland SA
115,427
6,270,435
Bank Handlowy w Warszawie SA
69,241
2,408,848
Bank Millennium SA *
1,253,830
6,873,597
Benefit Systems SA *
5,863
7,138,945
Budimex SA
26,877
5,190,174
CD Projekt SA
147,013
9,441,500
Cyfrowy Polsat SA *
338,798
1,512,608
Enea SA
542,871
3,156,680
Grupa Azoty SA *
111,368
708,465
Grupa Kety SA
20,633
6,881,844
Jastrzebska Spolka Weglowa SA *
107,479
831,510
KRUK SA
36,635
4,147,206
Modivo SA *
110,112
2,420,044
Orange Polska SA
1,374,670
6,167,759
Pepco Group NV
401,180
3,720,701
PGE Polska Grupa Energetyczna SA *
1,812,993
5,296,114
Tauron Polska Energia SA *
2,202,933
5,725,996
Warsaw Stock Exchange
59,053
1,332,108
XTB SA
159,745
4,571,200
Zabka Group SA *
895,054
6,326,518
 
96,495,501
 
Portugal 0.3%
Altri SGPS SA (a)
142,210
822,292
Corticeira Amorim SGPS SA
78,869
601,916
CTT-Correios de Portugal SA
157,851
1,117,198
Mota-Engil SGPS SA (a)
180,592
1,001,445
Navigator Co. SA (a)
430,404
1,708,688
NOS SGPS SA
394,685
2,424,941
SECURITY
NUMBER
OF SHARES
VALUE ($)
REN - Redes Energeticas Nacionais
SGPS SA
756,432
3,124,822
Semapa-Sociedade de Investimento e
Gestao
30,404
842,648
Sonae SGPS SA
1,632,701
3,635,274
 
15,279,224
 
Republic of Korea 7.2%
Advanced Nano Products Co. Ltd.
18,653
826,822
Advanced Process Systems Corp.
15,839
261,706
Ahnlab, Inc.
10,739
434,691
Ananti, Inc. *
139,328
462,269
APRILBIO Co., Ltd. *
37,875
1,603,467
Asiana Airlines, Inc. *
99,727
485,069
BH Co. Ltd.
53,911
1,096,465
BHI Co. Ltd. *
37,847
1,830,820
Binex Co. Ltd. *
57,740
340,616
Binggrae Co. Ltd.
9,699
467,251
Bioneer Corp. *
41,414
245,131
BNC Korea, Inc. *
131,394
267,235
Boryung
52,803
316,047
Bukwang Pharmaceutical Co. Ltd.
155,201
500,001
Cafe24 Corp. *
29,434
405,279
Caregen Co. Ltd.
29,412
1,725,296
Chabiotech Co. Ltd. *
112,015
1,001,222
Cheryong Electric Co. Ltd.
21,978
860,453
Chong Kun Dang Pharmaceutical Corp.
14,646
771,661
Chunbo Co. Ltd. *
12,060
394,131
CJ CGV Co. Ltd. *
160,492
485,629
CJ ENM Co. Ltd. *
20,377
534,778
Classys, Inc.
49,008
1,455,281
Clobot Co., Ltd. *
40,506
1,182,657
CMG Pharmaceutical Co. Ltd. *
159,957
131,192
Com2uSCorp
15,620
275,190
Cosmax, Inc.
15,624
1,800,855
CosmoAM&T Co. Ltd. *
46,999
1,627,968
Cosmochemical Co. Ltd. *
60,728
571,818
Creative & Innovative System *
113,166
905,628
CS Wind Corp. *
49,304
1,554,041
Curiox Biosystems Co., Ltd. *
27,463
1,647,416
D&D PharmaTech, Inc. *
58,536
3,674,523
Daea TI Co. Ltd. *
112,078
238,733
Daeduck Electronics Co. Ltd.
69,266
8,774,306
Daejoo Electronic Materials Co. Ltd.
22,913
2,327,791
Daesang Corp.
38,348
489,847
Daewoo Engineering & Construction Co.
Ltd. *
418,355
7,273,325
Daewoong Co. Ltd.
39,751
496,953
Daewoong Pharmaceutical Co. Ltd.
9,299
805,872
Daishin Securities Co. Ltd. *
52,807
1,072,259
D'Alba Global Co. Ltd.
15,160
1,981,765
Danal Co. Ltd. *
122,151
499,303
Daou Technology, Inc.
45,259
1,187,786
DB HiTek Co. Ltd.
65,180
8,023,152
Dentium Co. Ltd.
12,729
394,455
DI Dong Il Corp.
30,337
497,229
DL E&C Co. Ltd.
60,511
3,071,726
DL Holdings Co. Ltd. *
21,510
775,045
Dong-A Socio Holdings Co. Ltd.
8,305
497,639
Dong-A ST Co. Ltd.
9,983
264,977
Dongjin Semichem Co. Ltd.
65,002
2,359,396
DongKook Pharmaceutical Co. Ltd.
56,824
741,691
Dongkuk Steel Mill Co. Ltd.
63,093
458,440
Dongwon Industries Co. Ltd.
19,106
450,075
Doosan Fuel Cell Co. Ltd. *
85,603
5,191,848
Doosan Robotics, Inc. *
41,760
2,951,188
Doosan Tesna, Inc.
23,933
2,498,116
DoubleUGames Co. Ltd. *
20,411
926,418
30
  

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Duk San Neolux Co. Ltd. *
27,998
721,780
E1 Corp.
5,336
304,156
Ecopro HN Co. Ltd.
30,145
638,106
Enchem Co. Ltd. *
34,761
809,629
ENF Technology Co. Ltd.
18,936
552,248
Eo Technics Co. Ltd.
17,835
5,420,325
ESR Kendall Square REIT Co. Ltd. *
340,366
891,005
Eubiologics Co. Ltd. *
55,444
367,910
Eugene Investment & Securities Co. Ltd.
110,209
347,740
Eugene Technology Co. Ltd.
28,803
2,369,988
Fadu, Inc. *
68,830
5,120,002
Foosung Co. Ltd. *
130,948
996,665
G2GBIO, Inc. *
23,349
901,733
GC Corp.
46,808
401,300
GemVax & Kael Co. Ltd. *
59,585
593,873
GI Innovation, Inc. *
100,023
961,070
Grand Korea Leisure Co. Ltd.
71,840
505,788
GS P&L Co. Ltd.
18,865
544,544
HAESUNG DS Co. Ltd.
21,445
1,267,916
Han Kuk Carbon Co. Ltd. *
66,423
1,421,461
Hana Micron, Inc. *
91,746
2,462,592
Hana Tour Service, Inc.
23,553
592,342
Hanall Biopharma Co. Ltd. *
63,545
2,635,410
Hancom, Inc.
36,181
489,776
Handsome Co. Ltd.
26,708
402,304
Hanil Cement Co. Ltd.
43,367
416,404
Hankook & Co. Co. Ltd.
44,377
715,568
Hankook Shell Oil Co. Ltd.
1,219
397,975
Hansol Chemical Co. Ltd.
17,496
3,134,652
Hanssem Co. Ltd. *
15,785
322,613
Hanwha Engine *
111,210
4,737,679
Hanwha General Insurance Co. Ltd. *
115,650
485,009
Hanwha Investment & Securities Co.
Ltd. *
232,835
945,554
Harim Holdings Co. Ltd.
88,315
661,044
HD Construction Equipment Co. Ltd.
63,067
6,340,179
HDC Holdings Co. Ltd.
55,551
814,650
HD-Hyundai Marine Engine *
41,969
1,980,090
Hite Jinro Co. Ltd.
66,717
709,228
HJ Shipbuilding & Construction Co.,
Ltd. *
100,050
1,364,318
HK inno N Corp. *
30,261
903,613
HL Holdings Corp. *
11,527
343,821
HLB Life Science Co. Ltd. *
194,983
424,382
HPSP Co. Ltd.
120,144
3,878,570
HS Hyosung Advanced Materials Corp.
4,923
687,652
Hugel, Inc. *
11,378
1,876,200
Humedix Co. Ltd.
14,650
266,850
Huons Global Co. Ltd.
10,204
210,242
Hyosung Corp.
14,541
1,913,391
Hyosung TNC Corp.
5,051
1,218,340
Hyulim ROBOT Co., Ltd. *
228,295
1,581,553
Hyundai Bioscience Co. Ltd. *
176,312
1,353,636
Hyundai Department Store Co. Ltd.
26,248
1,912,429
Hyundai Elevator Co. Ltd.
51,060
2,669,892
Hyundai GF Holdings
73,173
666,666
Hyundai Green Food
36,998
410,489
Hyundai Home Shopping Network Corp.
9,218
495,460
Hyundai Wia Corp.
32,091
1,937,811
Il Dong Pharmaceutical Co. Ltd. *
42,635
604,019
Iljin Electric Co. Ltd.
48,275
2,975,944
InBody Co. Ltd.
20,428
621,515
Innocean Worldwide, Inc.
39,329
520,646
Innox Advanced Materials Co. Ltd.
25,917
521,092
Intellian Technologies, Inc.
16,112
1,423,031
Inventage Lab, Inc. *
18,385
620,966
IPARK Hyundai Development Co.,
Class E
73,270
999,136
IS Dongseo Co. Ltd. *
26,193
500,570
SECURITY
NUMBER
OF SHARES
VALUE ($)
ISC Co. Ltd.
21,604
2,902,993
i-SENS, Inc.
40,611
481,565
ISU Specialty Chemical *
41,000
2,619,973
JB Financial Group Co. Ltd.
328,650
5,212,167
Jeju Air Co. Ltd. *
33,575
108,278
Jeju Semiconductor Corp. *
61,909
4,017,717
JR Global Reit (b)
443,547
320,060
Jusung Engineering Co. Ltd.
66,734
8,856,536
JW Pharmaceutical Corp.
25,899
477,765
JYP Entertainment Corp.
56,359
2,157,873
Kakao Games Corp. *
74,749
471,211
KC Tech Co. Ltd.
15,259
633,851
KCC Glass Corp.
18,504
309,423
KEPCO Engineering & Construction Co.,
Inc.
39,156
3,489,483
KH Vatec Co. Ltd.
28,309
224,669
KIWOOM Securities Co. Ltd.
31,484
7,740,426
KMW Co. Ltd. *
57,170
1,265,176
Koh Young Technology, Inc.
106,485
2,423,647
Kolmar Korea Co. Ltd. *
29,849
1,693,490
Kolon Industries, Inc.
42,209
2,011,019
Komipharm International Co. Ltd. *
91,571
454,513
Korea Electric Terminal Co. Ltd.
13,586
710,403
Korea Line Corp. *
331,745
495,306
Korea Petrochemical Ind Co. Ltd.
7,028
598,336
Korean Reinsurance Co.
277,198
2,363,633
Kumho Tire Co., Inc. *
306,106
954,677
Kwang Dong Pharmaceutical Co. Ltd.
69,713
316,877
L&C Bio Co. Ltd. *
36,474
1,834,591
Lake Materials Co. Ltd.
75,426
920,427
LEENO Industrial, Inc.
103,714
6,703,214
LF Corp.
19,926
297,502
LigaChem Biosciences, Inc. *
53,393
5,353,472
Lotte Chilsung Beverage Co. Ltd.
7,150
517,153
Lotte Energy Materials Corp. *
57,303
2,133,177
LOTTE Fine Chemical Co. Ltd.
29,256
1,023,086
LOTTE REIT Co. Ltd.
319,707
808,284
Lotte Rental Co. Ltd.
25,792
534,837
Lotte Tour Development Co. Ltd. *
76,806
973,454
Lotte Wellfood Co. Ltd.
5,035
377,207
LS Materials Ltd.
83,185
1,178,500
Lunit, Inc. *
150,891
1,678,124
LX Holdings Corp.
97,202
555,993
LX International Corp.
52,903
1,472,648
LX Semicon Co. Ltd.
22,082
770,745
Mcnex Co. Ltd.
22,625
328,791
Medytox, Inc.
9,670
618,572
MegaStudyEdu Co. Ltd.
13,830
369,381
Mezzion Pharma Co. Ltd. *
45,152
1,962,479
Myoung Shin Industrial Co. Ltd. *
64,113
410,119
Naturecell Co. Ltd. *
106,124
2,140,789
Neowiz *
22,686
290,989
Nexen Tire Corp.
50,010
218,026
Nexon Games Co. Ltd. *
47,412
331,601
NEXTIN, Inc.
15,135
676,907
NHN Corp. *
24,433
825,242
NHN KCP Corp.
48,211
573,605
NICE Information Service Co. Ltd.
64,762
600,778
OCI Co. Ltd. *
9,885
796,966
OCI Holdings Co. Ltd.
27,000
6,261,778
OliX Pharmaceuticals, Inc. *
33,894
3,938,181
Orion Holdings Corp.
41,795
694,734
Orum Therapeutics, Inc. *
19,740
888,104
Oscotec, Inc. *
68,777
1,919,093
Otoki Corp.
3,001
665,119
Paradise Co. Ltd.
92,657
866,930
Park Systems Corp.
9,545
1,744,955
Partron Co. Ltd.
81,626
378,610
People & Technology, Inc.
39,528
1,218,365
  
31

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Peptron, Inc. *
44,413
8,870,812
PharmaResearch Co. Ltd.
14,472
2,832,940
Pharmicell Co. Ltd.
111,577
1,110,587
PI Advanced Materials Co. Ltd.
28,319
469,791
Poongsan Corp.
36,281
1,930,814
Posco M-Tech Co. Ltd.
48,545
535,702
PSK, Inc.
41,951
2,741,986
Qurient Co., Ltd. *
54,748
1,004,500
RFHIC Corp. *
33,603
2,009,045
Robotis Co., Ltd. *
21,269
4,593,935
ROKIT Healthcare, Inc. *
24,156
878,400
S&S Tech Corp.
29,792
1,300,805
Sam Chun Dang Pharm Co. Ltd.
30,289
6,813,518
Samchully Co. Ltd.
3,640
300,958
Samwha Capacitor Co. Ltd.
14,564
1,440,937
Samyang Biopharmaceuticals Corp. *
7,953
302,393
Samyang Holdings Corp.
5,466
206,380
Sanil Electric Co. Ltd.
34,018
5,575,611
SD Biosensor, Inc. *
71,340
368,298
SeAH Besteel Holdings Corp.
27,404
972,869
Sebang Global Battery Co. Ltd.
11,128
413,516
Seegene, Inc.
61,845
1,247,570
Seers Co. Ltd. *
43,009
906,129
Seobu T&D *
57,148
404,625
Seojin System Co. Ltd. *
66,030
3,400,085
Seoul Semiconductor Co. Ltd. *
92,139
788,103
SFA Engineering Corp.
25,102
444,740
SFA Semicon Co. Ltd. *
149,906
827,616
SHIFT UP Corp. *
26,219
495,847
Shin Poong Pharmaceutical Co. Ltd. *
69,298
462,600
Shinhan Alpha REIT Co. Ltd.
233,868
825,599
Shinsegae, Inc.
12,880
4,401,593
Shinsung Delta Tech Co. Ltd.
32,708
963,660
Shinsung E&G Co. Ltd. *
36,161
575,893
Silicon2 Co. Ltd.
67,997
1,631,116
SIMMTECH Co. Ltd.
56,967
4,464,368
SK Chemicals Co. Ltd.
20,201
578,416
SK Discovery Co. Ltd.
16,985
555,647
SK Gas Ltd.
4,984
783,814
SK Networks Co. Ltd.
198,975
1,489,342
SK oceanplant Co. Ltd. *
68,360
771,602
SK REITs Co. Ltd.
413,843
1,499,391
SK Securities Co. Ltd. *
352,704
760,642
SL Corp.
29,533
1,471,751
SM Entertainment Co. Ltd.
22,770
1,204,226
SNT Motiv Co. Ltd.
23,454
465,345
Solid, Inc.
110,435
1,172,502
SOLUM Co. Ltd.
84,474
1,121,088
Solus Advanced Materials Co. Ltd.
68,970
535,009
Soop Co. Ltd.
15,543
519,819
Soulbrain Co. Ltd.
7,785
1,975,954
Soulbrain Holdings Co. Ltd.
8,795
290,054
SPG Co., Ltd. *
29,421
2,276,369
ST Pharm Co. Ltd.
25,967
2,310,667
Studio Dragon Corp. *
27,020
474,240
Sung Kwang Bend Co. Ltd.
35,645
728,511
Sungeel Hitech Co. Ltd. *
15,902
643,677
Sungwoo Hitech Co. Ltd.
88,987
436,373
Synopex, Inc. *
167,013
551,908
Taekwang Industrial Co. Ltd.
455
292,565
Taesung Co., Ltd. *
43,611
1,658,202
Taihan Cable & Solution Co. Ltd. *
226,808
6,840,361
TCC Steel *
33,632
340,114
TechWing, Inc.
56,106
1,855,928
TES Co. Ltd.
27,370
2,163,084
TK Corp. *
31,637
661,291
TKG Huchems Co. Ltd.
42,801
470,896
Tokai Carbon Korea Co. Ltd.
8,025
1,411,165
Tongyang Life Insurance Co. Ltd. *
77,313
379,639
SECURITY
NUMBER
OF SHARES
VALUE ($)
Unid Co. Ltd.
6,914
327,119
UniTest, Inc. *
31,760
323,501
Voronoi, Inc. *
22,594
4,302,905
VT Co. Ltd. *
49,169
434,266
Wemade Co. Ltd.
45,239
586,576
Wonik Holdings Co., Ltd. *
71,523
1,288,553
WONIK IPS Co. Ltd.
60,653
4,266,236
Woori Technology, Inc. *
320,002
3,229,748
YG Entertainment, Inc.
23,886
706,911
Youlchon Chemical Co. Ltd.
25,056
326,543
Young Poong Corp.
9,644
330,853
Youngone Corp.
43,813
2,311,303
Youngone Holdings Co. Ltd.
11,082
1,408,230
Yuanta Securities Korea Co. Ltd.
151,244
519,870
 
405,403,627
 
Singapore 1.0%
AEM Holdings Ltd.
523,412
4,268,228
AIMS APAC REIT
1,340,017
1,660,114
Bumitama Agri Ltd.
563,331
684,646
CapitaLand China Trust
2,316,652
1,171,632
Capitaland India Trust
2,041,427
1,616,687
CDL Hospitality Trusts
1,773,109
1,070,525
Centurion Accommodation Reit *
1,849,758
1,595,432
Digital Core REIT Management Pte. Ltd.
1,839,540
901,375
Eagle Hospitality Trust *(b)
940,343
0
ESR-REIT
1,152,115
2,150,024
Far East Hospitality Trust
1,966,684
871,272
First Real Estate Investment Trust
3,054,491
550,855
First Resources Ltd.
898,913
1,867,816
Frasers Centrepoint Trust
2,701,730
4,808,819
Golden Agri-Resources Ltd.
12,965,889
2,795,797
Haw Par Corp., Ltd.
292,585
3,537,586
iFAST Corp. Ltd.
341,346
2,446,311
Keppel Infrastructure Trust
8,704,378
3,617,297
KORE U.S. REIT
2,069,062
384,846
Lendlease Global Commercial REIT
5,120,120
2,248,220
NTT DC REIT *
1,567,387
1,536,039
OUE Real Estate Investment Trust
4,622,994
1,286,833
Parkway Life Real Estate Investment
Trust
893,040
2,807,928
Prime U.S. REIT
2,614,314
433,976
Raffles Medical Group Ltd.
1,482,123
1,121,456
Riverstone Holdings Ltd.
1,045,815
762,620
Sheng Siong Group Ltd.
1,306,737
3,125,062
Singapore Post Ltd.
3,562,316
893,826
Starhill Global REIT
3,212,421
1,360,181
Stoneweg Europe Stapled Trust
758,574
1,389,792
UMS Integration Ltd.
1,409,611
3,094,767
UOB-Kay Hian Holdings Ltd.
552,918
1,708,157
 
57,768,119
 
Spain 1.9%
Acerinox SA
489,520
9,054,236
Almirall SA
154,572
2,052,699
Atresmedia Corp. de Medios de
Comunicacion SA (a)
186,992
1,125,965
CIE Automotive SA
140,027
4,812,261
Cirsa Enterprises SA *
64,348
950,650
Colonial SFL Socimi SA
788,685
5,282,842
Construcciones y Auxiliar de
Ferrocarriles SA
35,129
2,558,012
Distribuidora Internacional de
Alimentacion SA *
26,353
1,223,954
Ebro Foods SA
102,722
2,157,685
Elecnor SA
75,569
3,624,412
Enagas SA
453,812
9,013,379
32
  

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Ence Energia y Celulosa SA *(a)
235,754
668,525
Fluidra SA
183,916
4,043,454
Gestamp Automocion SA
302,594
1,151,145
Global Dominion Access SA
173,674
651,580
Grenergy Renovables SA *
16,842
2,417,413
HBX Group International PLC *
170,620
1,418,623
Laboratorios Farmaceuticos Rovi SA
34,458
2,384,498
Linea Directa Aseguradora SA Cia de
Seguros y Reaseguros
1,444,111
2,012,135
Logista Integral SA
124,017
4,851,068
Melia Hotels International SA
235,501
3,086,204
Neinor Homes SA
86,354
1,606,286
Pharma Mar SA *
26,243
3,062,426
Prosegur Cash SA
430,976
300,751
Prosegur Cia de Seguridad SA
195,101
599,918
Puig Brands SA, Class B
305,242
5,745,539
Sacyr SA
968,187
5,255,948
Solaria Energia y Medio Ambiente SA *
136,735
3,749,727
Tecnicas Reunidas SA *
89,202
3,281,051
Unicaja Banco SA
2,348,599
7,876,763
Vidrala SA
47,182
4,234,038
Viscofan SA
90,458
6,270,260
 
106,523,447
 
Sweden 4.9%
AddLife AB, B Shares
228,989
3,692,791
Addnode Group AB
257,400
1,299,092
AFRY AB
199,218
2,468,312
Alleima AB (a)
398,091
3,686,327
Altra Fastigheter AB
325,670
2,548,361
AQ Group AB
111,185
2,877,991
Arjo AB, B Shares
398,690
1,063,951
Asker Healthcare Group AB
466,350
4,192,137
Asmodee Group AB, Class B *
323,094
5,203,377
Atrium Ljungberg AB, B Shares
472,911
1,562,157
Attendo AB
256,903
3,283,194
Avanza Bank Holding AB
275,095
10,317,645
Betsson AB, Class B
222,790
2,129,393
Better Collective AS *(a)
65,975
860,303
Bilia AB, A Shares
144,531
2,211,814
Billerud Aktiebolag (a)
447,325
2,969,813
BioArctic AB
84,972
3,243,076
BoneSupport Holding AB *
112,552
2,801,229
Boozt AB *
109,501
1,509,704
Bravida Holding AB
426,388
5,250,623
Bufab AB
273,303
3,475,025
Bure Equity AB
111,906
3,335,394
Camurus AB *
80,375
4,583,157
Catena AB
87,031
4,107,775
Cibus Real Estate AB publ
159,165
2,639,175
Clas Ohlson AB, B Shares
76,845
3,505,495
Cloetta AB, B Shares
368,596
1,984,049
Corem Property Group AB, B Shares
1,763,483
529,050
Dios Fastigheter AB
207,041
1,528,156
Dometic Group AB *
689,319
2,400,942
Electrolux AB, B Shares *
461,931
1,455,846
Electrolux Professional AB, B Shares
465,193
2,441,026
Elekta AB, B Shares
730,484
4,248,449
Embracer Group AB *
275,833
2,101,926
Fabege AB
388,430
3,354,972
Fagerhult Group AB
186,051
388,494
Granges AB
214,050
4,413,952
Hacksaw AB
114,399
1,046,946
Hemnet Group AB
169,381
1,806,034
Hexatronic Group AB *
369,365
1,758,167
Hexpol AB
547,537
4,331,907
HMS Networks AB
66,513
3,875,558
Hufvudstaden AB, A Shares
198,122
2,705,784
SECURITY
NUMBER
OF SHARES
VALUE ($)
Husqvarna AB, B Shares
700,868
3,294,362
Instalco AB
444,439
1,862,810
Intea Fastigheter AB
308,078
2,602,560
Investment AB Oresund
53,275
897,798
INVISIO AB
77,017
2,325,545
JM AB
122,964
1,598,102
Kinnevik AB, Class B *
494,475
3,026,857
Lagercrantz Group AB, B Shares
392,759
10,864,067
Lindab International AB
139,805
2,172,801
Loomis AB
141,721
7,002,206
Medicover AB, B Shares
105,984
2,399,010
MIPS AB
54,049
1,416,604
Modern Times Group MTG AB,
B Shares *
210,378
3,034,939
Munters Group AB
274,995
5,771,969
Mycronic AB
315,137
10,170,939
NCAB Group AB
373,036
3,308,873
NCC AB, B Shares
173,084
3,668,539
NOBA Bank Group AB
336,770
2,844,942
Nolato AB, B Shares
392,553
2,121,506
Nordnet AB publ
416,602
14,573,682
Norion Bank AB *
223,288
1,402,616
NP3 Fastigheter AB
64,937
2,060,655
Pandox AB
218,477
4,169,241
Peab AB, B Shares
333,583
3,280,463
Platzer Fastigheter Holding AB,
B Shares
135,168
1,081,842
Ratos AB, B Shares
385,733
1,452,987
Roko AB *
5,624
1,154,859
Samhallsbyggnadsbolaget i Norden
AB *(a)
1,958,009
725,884
Scandic Hotels Group AB
337,121
3,313,430
Sdiptech AB, B Shares *
69,167
1,838,311
Sectra AB, Class B
270,463
8,149,114
Sinch AB *
1,240,128
5,316,033
SkiStar AB
80,609
1,312,163
Storskogen Group AB, B Shares
2,984,249
2,991,602
Systemair AB
199,540
1,631,632
Thule Group AB
225,235
5,322,750
Troax Group AB
84,920
1,039,283
Truecaller AB, B Shares (a)
577,615
830,459
Vimian Group AB *
431,702
1,306,806
Vitec Software Group AB, B Shares
66,821
1,888,856
Vitrolife AB
154,390
1,653,716
Wallenstam AB, B Shares
715,493
3,122,884
Wihlborgs Fastigheter AB
567,386
5,229,421
Xvivo Perfusion AB *
52,507
1,574,087
 
271,995,774
 
Switzerland 4.7%
Accelleron Industries AG
197,110
19,588,650
Adecco Group AG
335,433
7,113,489
Allreal Holding AG
31,326
8,399,305
ALSO Holding AG
11,656
2,765,755
ams-OSRAM AG *
209,216
5,392,731
APG SGA SA
2,583
603,312
Aryzta AG *
47,941
3,742,754
Autoneum Holding AG
5,278
802,491
Basilea Pharmaceutica Ag Allschwil *
25,580
1,705,661
Bell Food Group AG
4,109
925,557
Berner Kantonalbank AG
9,580
4,652,985
Bossard Holding AG, Class A
11,394
2,500,891
Bucher Industries AG
13,897
5,629,232
Burckhardt Compression Holding AG
6,357
4,206,270
Burkhalter Holding AG
15,335
3,199,085
Bystronic AG
3,193
835,693
Cembra Money Bank AG
61,513
7,479,024
  
33

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Cie Financiere Tradition SA, Bearer
Shares
2,781
930,737
Clariant AG *
427,005
4,385,634
Comet Holding AG
15,523
7,374,592
Cosmo NV
18,590
1,855,788
Daetwyler Holding AG
15,421
3,130,186
DKSH Holding AG
75,065
5,956,396
dormakaba Holding AG
62,276
4,144,560
Dottikon Es Holding AG *
6,234
2,473,335
EFG International AG *
309,805
6,462,944
Emmi AG
4,441
4,905,078
Forbo Holding AG
1,935
1,852,409
Galenica AG
103,872
11,080,478
Huber & Suhner AG
30,288
10,330,520
Implenia AG
29,890
2,329,687
Inficon Holding AG
35,746
7,457,091
Interroll Holding AG
1,426
3,044,177
Intershop Holding AG
10,735
2,464,784
Jungfraubahn Holding AG
10,499
3,560,805
Kardex Holding AG
12,622
4,361,605
Landis & Gyr Group AG *
53,502
3,464,774
Liechtensteinische Landesbank AG
24,415
3,080,974
Luzerner Kantonalbank AG
40,677
5,570,409
Medacta Group SA
12,388
2,270,380
Medartis Holding AG *(a)
8,963
892,457
Medmix AG
56,477
653,423
Mobimo Holding AG
15,292
6,947,796
Montana Aerospace AG *
60,692
1,833,149
OC Oerlikon Corp. AG Pfaffikon
365,878
1,788,768
PolyPeptide Group AG *
29,258
1,419,182
Sensirion Holding AG *
18,971
2,032,217
SFS Group AG *
34,882
5,696,478
Siegfried Holding AG *
83,588
8,750,878
SKAN Group AG
25,271
1,604,200
SMG Swiss Marketplace Group AG
39,813
1,470,026
Softwareone Holding AG *
345,482
3,700,882
St. Galler Kantonalbank AG
5,819
4,773,762
Stadler Rail AG
112,613
3,294,725
Sulzer AG
36,230
6,876,443
Sunrise Communications AG, Class A *
86,740
4,786,880
Tecan Group AG
26,866
5,343,286
TX Group AG
4,021
667,980
Valiant Holding AG
33,371
6,790,797
Vontobel Holding AG
55,288
4,939,019
VP Bank AG, Class A
6,853
759,544
Ypsomed Holding AG (a)
7,903
3,544,137
Zehnder Group AG
18,103
1,496,709
 
262,092,966
 
United Kingdom 10.5%
4imprint Group PLC
56,460
2,776,321
Aberdeen Group PLC
3,757,676
12,571,730
AG Barr PLC
203,728
1,675,153
AJ Bell PLC
681,679
5,577,538
AO World PLC *
633,286
799,005
Ashmore Group PLC
947,556
2,656,698
Aston Martin Lagonda Global Holdings
PLC *(a)
663,131
397,414
B&M European Value Retail PLC
2,103,280
4,848,051
Babcock International Group PLC
529,980
7,833,251
Balfour Beatty PLC
1,021,635
10,968,708
Baltic Classifieds Group PLC
896,350
2,167,574
Bellway PLC
235,830
6,100,255
Big Yellow Group PLC
391,204
4,421,609
Bodycote PLC
348,217
3,801,972
Breedon Group PLC
573,871
2,192,240
Bridgepoint Group PLC
1,087,340
3,957,337
Bytes Technology Group PLC
469,147
2,330,978
SECURITY
NUMBER
OF SHARES
VALUE ($)
C&C Group PLC
756,631
1,011,742
Canal & SA *
1,429,400
4,913,239
Chemring Group PLC
563,678
4,171,357
Clarkson PLC
58,468
3,653,723
Close Brothers Group PLC *
323,155
2,007,231
CMC Markets PLC
209,395
1,045,751
Coats Group PLC
3,900,232
4,295,230
Computacenter PLC
117,088
7,026,539
Cranswick PLC
109,516
8,104,456
Crest Nicholson Holdings PLC
502,785
485,254
Currys PLC
2,134,120
4,326,539
Derwent London PLC
234,658
5,623,945
Domino's Pizza Group PLC
769,920
1,932,410
Dr. Martens PLC
1,123,888
1,121,060
Drax Group PLC
705,672
7,528,835
Dunelm Group PLC
259,916
2,734,512
easyJet PLC
764,873
4,103,424
Elementis PLC
1,175,586
2,433,994
Energean PLC
272,313
2,872,279
Firstgroup PLC
1,112,998
2,568,456
Frasers Group PLC *
212,604
2,210,962
Future PLC
193,400
856,639
Games Workshop Group PLC
69,041
18,482,481
Genuit Group PLC
533,409
1,876,613
Genus PLC
138,816
4,356,086
Goodwin plc
5,094
1,034,089
Grafton Group PLC, CDI
358,341
4,009,598
Grainger PLC
1,541,584
3,285,285
Great Portland Estates PLC
799,052
3,364,806
Greencore Group PLC
1,329,011
3,636,625
Greggs PLC (a)
205,116
4,744,504
Hammerson PLC
1,054,114
4,899,241
Harbour Energy PLC
1,317,279
4,655,694
Hays PLC
3,239,663
1,441,079
Helios Towers PLC *
1,778,260
5,623,377
Hikma Pharmaceuticals PLC
320,279
6,372,191
Hill & Smith PLC
164,682
6,148,934
Hilton Food Group PLC
155,795
1,080,470
Hochschild Mining PLC
664,672
5,514,541
Ibstock PLC
800,714
1,121,416
IG Group Holdings PLC
679,404
16,438,663
Inchcape PLC
638,007
7,271,316
IntegraFin Holdings PLC
501,252
2,287,119
International Workplace Group PLC
1,534,715
3,914,018
Investec PLC
1,235,618
10,867,726
IP Group PLC *
1,757,259
1,636,770
Ithaca Energy PLC
485,457
1,444,853
ITV PLC
7,508,001
8,318,980
J D Wetherspoon PLC
135,472
1,160,484
Johnson Matthey PLC
332,059
9,489,101
JTC PLC
333,976
5,933,414
Jupiter Fund Management PLC
868,976
1,892,880
Kainos Group PLC
169,671
1,993,191
Keller Group PLC
140,928
4,498,347
Lancashire Holdings Ltd.
513,142
4,181,266
Lion Finance Group PLC
70,646
10,579,754
LondonMetric Property PLC
4,673,398
11,950,169
Man Group PLC
2,393,906
8,867,430
Marshalls PLC
500,155
950,600
Mitchells & Butlers PLC *
521,726
1,652,663
Mitie Group PLC
2,511,448
6,046,159
Molten Ventures PLC *
292,494
2,322,235
MONY Group PLC
981,104
2,343,434
Moonpig Group PLC
599,874
1,757,897
Morgan Advanced Materials PLC
559,011
1,733,094
Morgan Sindall Group PLC
90,313
5,529,315
NCC Group PLC
529,565
1,017,918
Ninety One PLC
526,992
1,576,997
Ocado Group PLC *
1,217,664
3,660,212
34
  

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
OSB Group PLC
737,279
5,133,058
Oxford Instruments PLC
108,918
4,812,631
Oxford Nanopore Technologies PLC *
890,107
1,718,143
Pagegroup PLC
637,090
1,047,694
Pan African Resources PLC
4,185,991
7,769,735
Paragon Banking Group PLC
393,762
4,068,365
Pennon Group PLC
991,067
6,893,292
Pets at Home Group PLC
871,036
2,256,646
Picton Property Income Ltd.
1,100,435
1,088,766
Playtech PLC *
436,667
2,064,828
Plus500 Ltd.
141,370
8,445,609
Premier Foods PLC
1,361,145
3,702,538
Primary Health Properties PLC
5,224,614
6,609,406
QinetiQ Group PLC
964,112
6,543,361
Quilter PLC
2,775,467
7,257,913
Rank Group PLC
427,491
568,169
Raspberry PI Holdings PLC *(a)
141,085
1,549,931
Rathbones Group PLC
115,613
3,085,644
Renishaw PLC
72,208
5,158,639
RHI Magnesita NV
35,453
1,426,498
Rotork PLC
1,722,975
7,120,739
RS Group PLC
984,915
8,855,203
Safestore Holdings PLC
451,997
3,911,511
Savills PLC
273,425
3,066,447
Senior PLC
841,272
3,260,230
Serco Group PLC
2,064,477
7,346,626
Shaftesbury Capital PLC
3,033,220
5,544,183
Sirius Real Estate Ltd.
3,050,382
4,041,864
Softcat PLC
268,330
6,282,652
Spire Healthcare Group PLC
538,462
1,604,063
SSP Group PLC
1,657,597
3,755,957
Supermarket Income REIT PLC
2,675,689
3,007,985
Tate & Lyle PLC
765,487
5,210,785
TBC Bank Group PLC
94,293
5,722,145
Telecom Plus PLC
148,167
2,005,207
THG PLC *
1,570,949
708,960
TP ICAP Group PLC
1,554,104
6,401,878
Trainline PLC *
835,712
2,478,297
Travis Perkins PLC
436,275
3,140,332
Tritax Big Box REIT PLC
5,097,088
10,354,028
Trustpilot Group PLC *
749,330
2,416,063
UNITE Group PLC
985,978
6,864,541
Vesuvius PLC
385,980
2,415,149
Victrex PLC
176,053
1,518,789
Vistry Group PLC *
678,803
2,552,830
Volution Group PLC
399,832
3,309,176
Watches of Switzerland Group PLC *
470,024
4,574,369
WH Smith PLC
255,631
1,705,661
Wickes Group PLC
448,589
1,072,695
Workspace Group PLC
266,464
1,259,286
WPP PLC
2,244,246
8,521,798
Zigup PLC
437,044
2,762,943
 
587,059,704
Total Common Stocks
(Cost $4,290,114,182)
5,555,329,573
PREFERRED STOCKS 0.2% OF NET ASSETS
 
Germany 0.1%
Draegerwerk AG & Co. KGaA
18,431
1,974,439
KSB SE & Co. KGaA
1,508
1,525,712
Sixt SE
35,811
2,653,642
 
6,153,793
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
Italy 0.1%
Danieli & C Officine Meccaniche SpA -
RSP
75,486
4,404,418
 
Republic of Korea 0.0%
Daishin Securities Co. Ltd. *
42,775
587,553
 
Sweden 0.0%
Corem Property Group AB
22,499
579,943
Total Preferred Stocks
(Cost $7,367,961)
11,725,707
RIGHTS 0.0% OF NET ASSETS
 
Spain 0.0%
Almirall S.A.
06/03/26 *
154,572
31,368
 
Sweden 0.0%
Electrolux AB
06/16/26, strike SEK 16.75 *(b)
923,862
1,235,718
 
United Kingdom 0.0%
Greencore Group PLC
CVR *(b)
357,409
4,336
Total Rights
(Cost $1,737,094)
1,271,422
WARRANTS 0.0% OF NET ASSETS
 
Australia 0.0%
Opthea Ltd.
expires 06/30/26 *(b)
332,101
32,497
 
Italy 0.0%
Webuild SpA
expires 08/02/30 *(a)(b)
41,766
120,482
Total Warrants
(Cost $0)
152,979
 
 
 
SHORT-TERM INVESTMENTS 4.1% OF NET ASSETS
 
Money Market Funds 4.1%
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 3.56% (c)
6,071,633
6,071,633
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 3.56% (c)(d)
222,082,901
222,082,901
 
228,154,534
Total Short-Term Investments
(Cost $228,154,534)
228,154,534
Total Investments in Securities
(Cost $4,527,373,771)
5,796,634,215
  
35

Schwab International Small-Cap Equity ETF
Portfolio Holdings (Unaudited) continued
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
APPRECIATION
($)
FUTURES CONTRACTS
Long
MSCI EAFE Index, expires
06/19/26
266
41,380,290
748,363
*
Non-income producing security.
(a)
All or a portion of this security is on loan.
(b)
Fair valued using significant unobservable inputs.
(c)
The rate shown is the annualized 7-day yield.
(d)
Security purchased with cash collateral received for securities on loan.
Securities on loan were valued at $211,305,787.
CDI —
CHESS Depositary Interest
CVR —
Contingent Value Rights
REIT —
Real Estate Investment Trust
RSP —
Risparmio (Savings Shares)
SEK —
Swedish Krona

The following is a summary of the inputs used to value the fund’s investments as of May 31, 2026:
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
$4,675,762,355
$
$
$4,675,762,355
Australia
360,450,940
870,051
*
361,320,991
Hong Kong
55,074,481
0
*
55,074,481
Republic of Korea
405,083,567
320,060
405,403,627
Singapore
57,768,119
0
*
57,768,119
Preferred Stocks1
11,725,707
11,725,707
Rights
31,368
31,368
Sweden
1,235,718
1,235,718
United Kingdom
4,336
4,336
Warrants
Australia
32,497
32,497
Italy
120,482
120,482
Short-Term Investments1
228,154,534
228,154,534
Futures Contracts2
748,363
748,363
Total
$5,794,799,434
$—
$2,583,144
$5,797,382,578
*
Level 3 amount shown includes securities determined to have no value.
1
As categorized in the Portfolio Holdings.
2
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
36
  

Schwab Strategic Trust
Schwab Emerging Markets Equity ETF
Portfolio Holdings as of May 31, 2026 (Unaudited)
SECURITY
NUMBER
OF SHARES
VALUE ($)
COMMON STOCKS 98.1% OF NET ASSETS
 
Brazil 3.1%
Allos SA
452,903
2,525,878
Alupar Investimento SA
172,508
1,110,788
Ambev SA
5,201,693
16,782,972
Auren Energia SA *
384,095
939,317
Axia Energia SA
1,368,922
14,189,352
B3 SA - Brasil Bolsa Balcao
6,208,424
20,252,065
Banco Bradesco SA
1,823,733
5,588,522
Banco BTG Pactual SA
1,432,683
15,224,133
Banco do Brasil SA
2,034,936
8,166,779
Banco Santander Brasil SA
494,244
2,653,843
BB Seguridade Participacoes SA
747,109
5,228,670
Brava Energia
526,962
2,109,640
Caixa Seguridade Participacoes SA
598,688
2,096,154
Cia de Saneamento Basico do
Estado de Sao Paulo SABESP
2,823,780
15,603,308
Cia de Saneamento de Minas Gerais
Copasa MG
213,092
2,220,568
Cia De Saneamento do Parana
Sanepar
191,284
1,434,762
Cia Energetica de Minas Gerais
180,591
571,599
Cia Paranaense de Energia - Copel
2,203,776
6,343,557
Cia Siderurgica Nacional SA *
760,208
1,008,461
Cosan SA *
2,284,104
1,715,945
CPFL Energia SA
245,625
2,107,008
CSN Mineracao SA
671,048
618,221
Embraer SA
805,529
11,685,920
Energisa SA
472,790
4,486,560
Eneva SA *
1,111,999
5,634,521
Engie Brasil Energia SA
435,639
2,850,747
Equatorial SA
1,233,686
9,402,277
GPS Participacoes e
Empreendimentos SA
585,868
1,414,228
Grupo Mateus SA
521,432
440,179
Hypera SA
412,680
1,787,557
Itau Unibanco Holding SA
647,015
5,124,238
Klabin SA
993,596
3,274,533
Localiza Rent a Car SA
1,052,993
8,747,532
Lojas Renner SA
1,195,657
3,522,061
M Dias Branco SA
163,619
627,214
MBRF Global Foods Co. SA
757,672
2,398,151
Motiva Infraestrutura de Mobilidade
SA
1,440,811
4,019,185
Multiplan Empreendimentos
Imobiliarios SA
431,762
2,542,839
Natura Cosmeticos SA *
1,163,845
2,289,403
Petroleo Brasileiro SA - Petrobras
4,414,176
40,780,207
Porto Seguro SA
216,022
2,063,189
PRIO SA *
955,859
11,763,517
Raia Drogasil SA
1,575,095
5,819,961
Rede D'Or Sao Luiz SA
1,166,068
7,842,638
Rumo SA
1,500,174
4,069,113
Sendas Distribuidora SA
1,667,308
2,884,217
Smartfit Escola de Ginastica e Danca
SA
702,662
2,574,103
Suzano SA
823,076
6,819,642
Telefonica Brasil SA
902,444
6,033,897
TIM SA
922,387
3,993,570
SECURITY
NUMBER
OF SHARES
VALUE ($)
TOTVS SA
620,707
4,058,120
Transmissora Alianca de Energia
Eletrica SA
276,442
2,140,182
Ultrapar Participacoes SA
766,287
3,919,150
Vale SA
4,264,263
69,820,541
Vibra Energia SA
1,313,663
7,726,360
WEG SA
1,749,762
15,255,329
 
396,302,423
 
Chile 0.5%
Aguas Andinas SA, Class A
4,300,775
1,618,931
Banco de Chile
52,582,363
9,906,184
Banco de Credito e Inversiones SA
90,426
6,101,694
Banco Itau Chile SA
76,906
1,555,498
Banco Santander Chile
77,317,199
6,081,504
Cencosud SA
1,589,117
3,748,048
Cencosud Shopping SA
668,501
1,823,844
Cia Cervecerias Unidas SA
120,514
724,483
Cia Sud Americana de Vapores SA
16,633,548
831,542
Colbun SA
9,801,818
1,471,465
Empresas CMPC SA
1,270,359
1,521,670
Empresas Copec SA
445,704
3,166,898
Enel Americas SA
26,141,657
2,291,208
Enel Chile SA
30,906,072
2,684,480
Falabella SA
974,438
6,241,168
Latam Airlines Group SA
373,834,578
10,123,562
Parque Arauco SA
754,502
3,306,449
Plaza SA
843,561
3,677,774
Quinenco SA
385,626
1,689,926
 
68,566,328
 
China 27.3%
360 Security Technology, Inc.,
A Shares
556,800
831,727
37 Interactive Entertainment
Network Technology Group Co.
Ltd., A Shares
208,800
592,914
3peak, Inc., A Shares *
10,330
472,099
3SBio, Inc. *
2,189,751
5,168,856
Accelink Technologies Co. Ltd.,
A Shares
72,700
2,192,897
ACM Research Shanghai, Inc.,
A Shares
24,254
821,590
Addsino Co. Ltd., A Shares *
127,600
383,095
Advanced Micro-Fabrication
Equipment, Inc. China, A Shares
79,178
3,485,895
AECC Aero-Engine Control Co. Ltd.,
A Shares
113,300
320,724
AECC Aviation Power Co. Ltd.,
A Shares
207,500
1,274,194
Agricultural Bank of China Ltd.,
A Shares
7,286,700
6,810,957
Agricultural Bank of China Ltd.,
H Shares
36,535,887
26,898,215
Aier Eye Hospital Group Co. Ltd.,
A Shares
785,944
1,060,099
AIMA Technology Group Co. Ltd.,
A Shares
34,100
108,683
  
37

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Air China Cargo Co., Ltd., A Shares *
281,400
214,750
Air China Ltd., A Shares *
1,040,500
1,047,971
Air China Ltd., H Shares *
1,862,282
1,152,432
Aisino Corp., A Shares
229,700
250,713
Akeso, Inc. *
828,832
12,489,481
Alibaba Group Holding Ltd.
21,248,163
327,774,888
Alibaba Health Information
Technology Ltd. *
6,847,664
3,171,590
All Winner Technology Co. Ltd.,
A Shares
85,644
438,768
Alpha Group, A Shares *
162,500
182,413
Aluminum Corp. of China Ltd.,
A Shares
1,140,100
1,925,614
Aluminum Corp. of China Ltd.,
H Shares
4,523,219
6,290,745
Amlogic Shanghai Co. Ltd., A Shares
40,017
626,759
An Hui Wenergy Co. Ltd., A Shares
148,100
214,655
Angang Steel Co. Ltd., H Shares *
1,904,832
306,235
Angel Yeast Co. Ltd., A Shares
93,800
507,743
Angelalign Technology, Inc. (a)
92,651
831,653
Anhui Anke Biotechnology Group Co.
Ltd., A Shares
148,500
182,730
Anhui Conch Cement Co. Ltd.,
A Shares
369,200
1,100,264
Anhui Conch Cement Co. Ltd.,
H Shares
1,409,573
3,422,586
Anhui Expressway Co. Ltd., H Shares
640,111
1,323,934
Anhui Gujing Distillery Co. Ltd.,
A Shares
112,704
1,550,681
Anhui Jianghuai Automobile Group
Corp. Ltd., A Shares *
179,400
982,243
Anhui Kouzi Distillery Co. Ltd.,
A Shares
21,100
69,496
Anhui Xinhua Media Co. Ltd.,
A Shares
178,100
149,614
Anhui Yingjia Distillery Co. Ltd.,
A Shares
30,900
168,862
Anhui Zhongding Sealing Parts Co.
Ltd., A Shares
113,200
354,428
Anjoy Foods Group Co. Ltd.,
A Shares
30,300
446,560
Anker Innovations Technology Co.
Ltd., A Shares
47,000
873,901
ANTA Sports Products Ltd.
1,491,528
14,425,425
Apeloa Pharmaceutical Co. Ltd.,
A Shares
120,600
296,263
APT Medical, Inc., A Shares
11,591
352,438
Asia - Potash International
Investment Guangzhou Co., Ltd.,
A Shares *
77,500
507,768
ASR Microelectronics Co. Ltd.,
A Shares *
34,590
544,215
Asymchem Laboratories Tianjin Co.
Ltd., A Shares
37,980
659,564
Autel Intelligent Technology Corp.
Ltd., A Shares
47,966
215,020
Autobio Diagnostics Co. Ltd.,
A Shares *
67,600
335,128
Autohome, Inc., ADR
77,250
1,348,785
Avary Holding Shenzhen Co. Ltd.,
A Shares
202,500
3,144,965
AVIC Chengdu UAS Co. Ltd.,
A Shares
55,557
364,823
AviChina Industry & Technology Co.
Ltd., H Shares (a)
3,065,014
1,224,066
Avicopter PLC, A Shares *
57,300
232,202
SECURITY
NUMBER
OF SHARES
VALUE ($)
BAIC BluePark New Energy
Technology Co. Ltd., A Shares *
460,200
415,861
BAIC Foton Motor Co. Ltd.,
A Shares *
477,400
206,876
BAIC Motor Corp. Ltd., H Shares *
2,982,782
460,506
Baidu, Inc., A Shares *
2,547,157
42,250,033
Baimtec Material Co., Ltd.,
A Shares *
26,137
200,856
Baiyin Nonferrous Group Co. Ltd.,
A Shares
700,700
649,770
Bank of Beijing Co. Ltd., A Shares
1,776,000
1,336,968
Bank of Changsha Co. Ltd., A Shares
371,700
522,247
Bank of Chengdu Co. Ltd., A Shares
338,400
930,901
Bank of China Ltd., A Shares
4,318,200
3,742,489
Bank of China Ltd., H Shares
81,397,751
54,110,073
Bank of Communications Co. Ltd.,
A Shares
4,435,900
4,369,343
Bank of Communications Co. Ltd.,
H Shares
8,798,599
8,195,291
Bank of Guiyang Co. Ltd., A Shares
406,500
356,513
Bank of Hangzhou Co. Ltd., A Shares
562,800
1,332,618
Bank of Jiangsu Co. Ltd., A Shares
1,631,200
2,723,713
Bank of Nanjing Co. Ltd., A Shares
989,700
1,577,911
Bank of Ningbo Co. Ltd., A Shares
569,060
2,611,560
Bank of Qingdao Co. Ltd., A Shares
187,600
155,098
Bank of Shanghai Co. Ltd., A Shares
1,153,270
1,540,206
Bank of Suzhou Co. Ltd., A Shares
346,200
417,297
Bank of Xi'an Co. Ltd., A Shares
749,600
389,132
Bank of Zhengzhou Co. Ltd.,
A Shares
1,604,987
420,151
Baoshan Iron & Steel Co. Ltd.,
A Shares
1,882,032
1,678,435
BBMG Jidong Cement Group Co.
Ltd., A Shares
287,800
169,834
Beijing Capital Eco-Environment
Protection Group Co. Ltd.,
A Shares
697,700
325,042
Beijing Capital International Airport
Co. Ltd., H Shares *
2,451,968
534,982
Beijing Compass Technology
Development Co. Ltd., A Shares
51,800
703,670
Beijing Dabeinong Technology Group
Co. Ltd., A Shares
395,800
196,101
Beijing Easpring Material Technology
Co. Ltd., A Shares
49,000
402,569
Beijing Enlight Media Co. Ltd.,
A Shares
270,800
510,645
Beijing Enterprises Holdings Ltd.
612,842
2,409,957
Beijing Enterprises Water Group Ltd.
5,434,094
1,885,923
Beijing Jetsen Technology Co. Ltd.,
A Shares
319,000
269,393
Beijing Jingneng Clean Energy Co.
Ltd., H Shares
2,264,738
629,945
Beijing Jingneng Power Co. Ltd.,
A Shares
727,700
1,009,521
Beijing Kingsoft Office Software, Inc.,
A Shares
39,574
1,395,913
Beijing New Building Materials PLC,
A Shares
164,100
555,782
Beijing Originwater Technology Co.
Ltd., A Shares *
349,777
182,093
Beijing Roborock Technology Co.
Ltd., A Shares
22,461
340,630
Beijing Shiji Information Technology
Co. Ltd., A Shares
252,980
307,926
Beijing Shougang Co. Ltd., A Shares
284,600
151,951
38
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Beijing Shunxin Agriculture Co. Ltd.,
A Shares
70,600
120,078
Beijing Sinnet Technology Co. Ltd.,
A Shares
130,100
262,838
Beijing Tiantan Biological Products
Corp. Ltd., A Shares
163,920
328,497
Beijing Tong Ren Tang Co. Ltd.,
A Shares
138,600
525,788
Beijing Tricolor Technology Co., Ltd.,
A Shares
10,900
180,569
Beijing Ultrapower Software Co. Ltd.,
A Shares
204,800
239,286
Beijing United Information
Technology Co. Ltd., A Shares
71,905
249,912
Beijing Wantai Biological Pharmacy
Enterprise Co. Ltd., A Shares *
78,250
401,119
Beijing Yandong Microelectronic Co.,
Ltd., A Shares *
140,581
1,502,605
Beijing Yanjing Brewery Co. Ltd.,
A Shares
313,000
591,147
Beijing Yuanliu Hongyuan Electronic
Technology Co. Ltd., A Shares
18,400
188,478
Beijing Zhong Ke San Huan
High-Tech Co. Ltd., A Shares *
117,530
194,335
Beijing-Shanghai High Speed
Railway Co. Ltd., A Shares
3,667,200
2,722,692
BeOne Medicines Ltd., Class A *
20,805
750,481
BeOne Medicines Ltd., Class H *
958,776
21,628,550
Bestechnic Shanghai Co. Ltd.,
A Shares
12,684
312,736
Bethel Automotive Safety Systems
Co. Ltd., A Shares
81,015
384,499
Betta Pharmaceuticals Co. Ltd.,
A Shares
40,000
311,649
BGI Genomics Co. Ltd., A Shares *
28,700
156,161
Bilibili, Inc., Z Shares *
342,110
5,949,625
Biwin Storage Technology Co., Ltd.,
A Shares *
33,396
1,616,938
Bloomage Biotechnology Corp. Ltd.,
A Shares
34,275
186,444
Blue Moon Group Holdings Ltd. *(a)
2,010,093
828,413
Bluefocus Intelligent
Communications Group Co. Ltd.,
A Shares
278,140
686,974
Bluestar Adisseo Co., A Shares
112,900
183,674
BOC International China Co. Ltd.,
A Shares
207,000
349,008
BOE Technology Group Co. Ltd.,
A Shares
3,295,400
2,490,515
BOE Technology Group Co. Ltd.,
B Shares
1,133,350
611,691
Bosideng International Holdings Ltd.
4,883,593
2,648,234
Bright Dairy & Food Co. Ltd.,
A Shares
43,000
44,199
Brilliance China Automotive Holdings
Ltd.
3,535,034
1,181,743
BTG Hotels Group Co. Ltd., A Shares
102,500
200,105
Business-intelligence of Oriental
Nations Corp. Ltd., A Shares *
157,600
382,494
BYD Co. Ltd., A Shares
452,800
6,440,971
BYD Co. Ltd., H Shares
4,376,796
50,986,485
BYD Electronic International Co. Ltd.
913,724
3,401,953
By-health Co. Ltd., A Shares
78,200
112,996
C&D International Investment Group
Ltd. (a)
1,173,410
2,362,570
C&S Paper Co. Ltd., A Shares
151,300
162,232
Caida Securities Co. Ltd., A Shares
256,100
252,636
SECURITY
NUMBER
OF SHARES
VALUE ($)
Caitong Securities Co. Ltd., A Shares
478,560
555,605
CALB Group Co., Ltd., H Shares *
317,700
1,184,474
Cambricon Technologies Corp. Ltd.,
A Shares
51,951
10,065,269
Camel Group Co. Ltd., A Shares
173,400
222,602
Canmax Technologies Co. Ltd.,
A Shares *
73,320
907,845
CanSino Biologics, Inc.,
H Shares *(a)
136,600
450,023
Capital Securities Co. Ltd., A Shares
94,900
204,356
Cathay Biotech, Inc., A Shares
71,206
423,564
CCOOP Group Co. Ltd., A Shares *
1,542,700
397,000
CECEP Solar Energy Co. Ltd.,
A Shares
345,700
310,347
CECEP Wind-Power Corp., A Shares
626,420
466,935
Central China Securities Co. Ltd.,
H Shares
785,450
173,377
CETC Cyberspace Security
Technology Co. Ltd., A Shares
87,900
183,952
CGN Power Co. Ltd., A Shares
1,442,900
977,376
CGN Power Co. Ltd., H Shares
13,019,547
5,149,743
Changchun High-Tech Industry
Group Co. Ltd., A Shares
41,300
449,377
Changjiang Securities Co. Ltd.,
A Shares
518,700
623,687
Changzhou Xingyu Automotive
Lighting Systems Co. Ltd.,
A Shares
26,400
495,870
Chaozhou Three-Circle Group Co.
Ltd., A Shares
176,408
3,359,904
Chengdu Kanghong Pharmaceutical
Group Co. Ltd., A Shares
79,100
245,672
Chengdu Xingrong Environment Co.
Ltd., A Shares
283,400
293,818
Chengtun Mining Group Co., Ltd.,
A Shares
559,000
1,008,630
Chengxin Lithium Group Co. Ltd.,
A Shares *
81,300
546,493
Chifeng Jilong Gold Mining Group
Ltd., A Shares
145,100
716,117
Chifeng Jilong Gold Mining Group
Ltd., H Shares
259,427
1,014,881
China Baoan Group Co. Ltd.,
A Shares
261,200
285,868
China Bohai Bank Co. Ltd.,
H Shares *
4,034,995
411,871
China Cinda Asset Management Co.
Ltd., H Shares (a)
13,721,323
1,838,287
China CITIC Bank Corp. Ltd.,
A Shares
1,124,700
1,234,243
China CITIC Bank Corp. Ltd.,
H Shares
10,795,437
10,041,434
China CITIC Financial Asset
Management Co. Ltd.,
H Shares *(a)
21,579,968
1,817,284
China Coal Energy Co. Ltd., A Shares
364,400
845,054
China Coal Energy Co. Ltd., H Shares
2,732,534
4,406,976
China Communications Services
Corp. Ltd., H Shares
3,201,760
1,687,201
China Conch Venture Holdings Ltd.
1,544,526
2,092,896
China Construction Bank Corp.,
A Shares
1,735,700
2,556,785
China Construction Bank Corp.,
H Shares
103,546,311
112,168,344
China CSSC Holdings Ltd., A Shares
617,000
3,411,023
China Eastern Airlines Corp. Ltd.,
A Shares *
1,257,900
816,716
  
39

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
China Eastern Airlines Corp. Ltd.,
H Shares *
2,218,714
1,075,754
China Energy Engineering Corp. Ltd.,
A Shares
2,946,508
1,259,406
China Energy Engineering Corp. Ltd.,
H Shares (a)
5,917,027
943,717
China Enterprise Co. Ltd., A Shares *
459,200
165,032
China Everbright Bank Co. Ltd.,
A Shares
4,012,100
1,839,474
China Everbright Bank Co. Ltd.,
H Shares
3,551,585
1,382,134
China Everbright Environment Group
Ltd.
4,012,032
2,728,473
China Everbright Ltd.
965,195
749,998
China Feihe Ltd.
4,672,962
1,824,491
China Film Group Co. Ltd., A Shares
162,200
347,360
China Galaxy Securities Co. Ltd.,
A Shares
559,100
1,015,425
China Galaxy Securities Co. Ltd.,
H Shares
4,850,924
4,803,018
China Gas Holdings Ltd.
3,314,196
2,930,484
China Gold International Resources
Corp. Ltd.
310,800
5,956,332
China Great Wall Securities Co. Ltd.,
A Shares
279,900
351,870
China Greatwall Technology Group
Co. Ltd., A Shares *
301,900
794,773
China Hongqiao Group Ltd.
3,792,850
13,560,065
China International Capital Corp.
Ltd., A Shares
308,800
1,543,212
China International Capital Corp.
Ltd., H Shares
1,996,334
4,997,585
China International Marine
Containers Group Co. Ltd.,
H Shares *
833,684
1,045,642
China Jinmao Holdings Group Ltd.
8,694,137
1,930,206
China Jushi Co. Ltd., A Shares
377,077
2,347,861
China Lesso Group Holdings Ltd.
1,218,973
718,562
China Life Insurance Co. Ltd.,
H Shares
8,833,990
32,552,330
China Literature Ltd. *(a)
509,669
1,500,901
China Longyuan Power Group Corp.
Ltd., H Shares
3,916,066
3,382,725
China Medical System Holdings Ltd.
1,452,378
1,960,620
China Meheco Group Co. Ltd.,
A Shares
150,240
219,979
China Mengniu Dairy Co. Ltd.
3,475,816
7,521,607
China Merchants Bank Co. Ltd.,
A Shares
1,726,200
9,703,963
China Merchants Bank Co. Ltd.,
H Shares
4,523,970
27,187,458
China Merchants Energy Shipping
Co. Ltd., A Shares
665,700
1,561,500
China Merchants Expressway
Network & Technology Holdings
Co. Ltd., A Shares
515,600
765,609
China Merchants Port Group Co.
Ltd., A Shares
74,200
244,720
China Merchants Port Holdings Co.
Ltd.
1,354,933
2,660,630
China Merchants Securities Co. Ltd.,
A Shares
667,980
1,678,483
China Merchants Securities Co. Ltd.,
H Shares
533,816
997,150
China Merchants Shekou Industrial
Zone Holdings Co. Ltd., A Shares
703,000
917,031
SECURITY
NUMBER
OF SHARES
VALUE ($)
China Minsheng Banking Corp. Ltd.,
A Shares
3,075,100
1,614,536
China Minsheng Banking Corp. Ltd.,
H Shares
8,255,055
3,539,054
China National Building Material Co.
Ltd., H Shares
4,140,568
2,805,320
China National Chemical Engineering
Co. Ltd., A Shares
574,600
656,059
China National Medicines Corp. Ltd.,
A Shares
46,400
189,197
China National Nuclear Power Co.
Ltd., A Shares
1,729,700
2,312,594
China National Software & Service
Co. Ltd., A Shares *
80,470
430,351
China Nonferrous Mining Corp., Ltd.
1,463,000
2,529,366
China Northern Rare Earth Group
High-Tech Co. Ltd., A Shares
308,600
2,219,070
China Oilfield Services Ltd., A Shares
158,229
304,923
China Oilfield Services Ltd., H Shares
2,209,705
2,227,355
China Overseas Land & Investment
Ltd.
4,376,374
8,722,148
China Pacific Insurance Group Co.
Ltd., A Shares
592,300
2,818,954
China Pacific Insurance Group Co.
Ltd., H Shares
3,051,346
12,232,793
China Petroleum & Chemical Corp.,
A Shares
2,740,700
1,965,909
China Petroleum & Chemical Corp.,
H Shares
26,873,832
14,812,942
China Power International
Development Ltd.
4,492,802
2,132,496
China Railway Group Ltd., A Shares
1,841,200
1,298,911
China Railway Group Ltd., H Shares
4,708,266
2,108,609
China Railway Hi-tech Industry Co.
Ltd., A Shares
193,200
212,589
China Railway Signal &
Communication Corp. Ltd.,
A Shares
515,606
366,032
China Railway Signal &
Communication Corp. Ltd.,
H Shares
1,850,549
793,356
China Rare Earth Nonferrous Metals
Co. Ltd., A Shares
24,300
299,696
China Rare Earth Resources &
Technology Co. Ltd., A Shares *
93,300
673,382
China Reinsurance Group Corp.,
H Shares
8,161,727
1,239,245
China Resources Beer Holdings Co.
Ltd.
1,896,199
5,855,005
China Resources Boya
Bio-pharmaceutical Group Co.
Ltd., A Shares
58,000
141,452
China Resources Building Materials
Technology Holdings Ltd.
2,847,563
454,163
China Resources Double Crane
Pharmaceutical Co. Ltd.,
A Shares
108,140
267,733
China Resources Gas Group Ltd.
1,080,508
2,535,349
China Resources Land Ltd.
3,428,017
15,448,690
China Resources Microelectronics
Ltd., A Shares
93,908
890,129
China Resources Mixc Lifestyle
Services Ltd.
763,584
4,053,014
China Resources Pharmaceutical
Group Ltd.
2,164,807
1,289,924
China Resources Power Holdings Co.
Ltd.
2,389,725
6,482,450
40
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
China Resources Sanjiu Medical &
Pharmaceutical Co. Ltd.,
A Shares
127,855
462,335
China Ruyi Holdings Ltd. *(a)
12,630,074
2,191,658
China Shenhua Energy Co. Ltd.,
A Shares
557,670
3,869,862
China Shenhua Energy Co. Ltd.,
H Shares
3,994,492
22,975,949
China South Publishing & Media
Group Co. Ltd., A Shares
175,200
282,177
China Southern Airlines Co. Ltd.,
A Shares *
1,067,200
866,519
China Southern Airlines Co. Ltd.,
H Shares *
1,933,663
962,218
China Southern Power Grid Energy
Efficiency&Clean Energy Co. Ltd.,
A Shares
262,500
290,396
China Southern Power Grid Energy
Storage Co. Ltd., A Shares
143,300
331,045
China Southern Power Grid
Technology Co., Ltd., A Shares
25,782
231,149
China State Construction
Engineering Corp. Ltd., A Shares
3,358,100
2,398,838
China State Construction
International Holdings Ltd.
2,002,620
2,235,808
China Suntien Green Energy Corp.
Ltd., H Shares
2,554,965
1,121,428
China Taiping Insurance Holdings Co.
Ltd.
1,658,023
4,203,552
China Three Gorges Renewables
Group Co. Ltd., A Shares
2,315,900
1,428,289
China Tourism Group Duty Free
Corp. Ltd., A Shares
162,100
1,428,380
China Tourism Group Duty Free
Corp. Ltd., H Shares (a)
139,564
996,326
China Tower Corp. Ltd., H Shares
5,570,567
7,050,811
China Traditional Chinese Medicine
Holdings Co. Ltd.
3,932,796
782,806
China TransInfo Technology Co. Ltd.,
A Shares
156,500
185,399
China Tungsten And Hightech
Materials Co., Ltd., A Shares
181,500
1,825,348
China United Network
Communications Ltd., A Shares
2,633,700
1,694,399
China Vanke Co. Ltd., A Shares *
845,500
443,917
China Vanke Co. Ltd., H Shares *(a)
2,468,438
853,531
China World Trade Center Co. Ltd.,
A Shares
64,000
202,939
China XD Electric Co. Ltd., A Shares
447,000
1,095,444
China Yangtze Power Co. Ltd.,
A Shares
2,066,700
8,482,045
China Zhenhua Group Science &
Technology Co. Ltd., A Shares
51,400
391,423
China Zheshang Bank Co. Ltd.,
A Shares
2,127,790
944,083
China Zheshang Bank Co. Ltd.,
H Shares
2,960,169
914,029
Chinalin Securities Co. Ltd.,
A Shares *
124,200
267,818
Chinese Universe Publishing & Media
Group Co. Ltd., A Shares
121,000
136,364
Chongqing Afari Technology Co. Ltd.,
A Shares *
414,300
661,145
Chongqing Brewery Co. Ltd.,
A Shares
45,800
358,464
Chongqing Changan Automobile Co.
Ltd., A Shares
696,464
815,801
SECURITY
NUMBER
OF SHARES
VALUE ($)
Chongqing Changan Automobile Co.
Ltd., B Shares
1,983,198
852,754
Chongqing Chongbai Technology
Group Co. Ltd., A shares
53,000
157,163
Chongqing Fuling Zhacai Group Co.
Ltd., A Shares
110,760
192,150
Chongqing Rural Commercial Bank
Co. Ltd., A Shares
561,300
551,218
Chongqing Rural Commercial Bank
Co. Ltd., H Shares
2,823,083
2,290,914
Chongqing Taiji Industry Group Co.
Ltd., A Shares *
44,900
95,160
Chongqing Water Group Co. Ltd.,
A Shares
50,100
32,010
Chongqing Zhifei Biological Products
Co. Ltd., A Shares *
206,100
414,245
CICT Mobile Communication
Technology Co., Ltd., A Shares *
115,564
275,858
CIG Shanghai Co., Ltd., A Shares
15,200
466,918
Cinda Securities Co. Ltd., A Shares
161,100
409,812
CITIC Heavy Industries Co., Ltd.,
A Shares
245,400
201,795
CITIC Ltd.
5,623,523
9,442,617
CITIC Metal Co., Ltd., A Shares *
124,700
242,707
Citic Pacific Special Steel Group Co.
Ltd., A Shares
217,010
453,826
CITIC Securities Co. Ltd., A Shares
1,037,880
3,998,665
CITIC Securities Co. Ltd., H Shares
1,893,112
6,289,922
CMOC Group Ltd., A Shares
1,461,100
3,999,876
CMOC Group Ltd., H Shares
4,333,954
10,091,952
CNGR Advanced Material Co. Ltd.,
A Shares
57,380
444,345
CNOOC Energy Technology &
Services Ltd., A Shares
653,600
378,929
CNPC Capital Co. Ltd., A Shares
686,500
791,946
COFCO Sugar Holding Co. Ltd.,
A Shares
222,800
425,075
Contemporary Amperex Technology
Co. Ltd., A Shares
364,600
22,863,498
Contemporary Amperex Technology
Co. Ltd., H Shares
249,276
23,679,534
COSCO SHIPPING Development Co.
Ltd., A Shares
1,174,000
437,551
COSCO SHIPPING Development Co.
Ltd., H Shares
3,935,403
492,089
COSCO SHIPPING Energy
Transportation Co. Ltd., A Shares
320,100
922,221
COSCO SHIPPING Energy
Transportation Co. Ltd.,
H Shares (a)
1,565,269
3,193,489
COSCO SHIPPING Holdings Co. Ltd.,
A Shares
1,098,221
2,296,674
COSCO SHIPPING Holdings Co. Ltd.,
H Shares (a)
2,963,281
5,357,605
COSCO SHIPPING Ports Ltd.
1,554,261
987,600
Country Garden Services Holdings
Co. Ltd.
2,544,551
1,889,566
CRRC Corp. Ltd., A Shares
2,085,100
1,779,356
CRRC Corp. Ltd., H Shares
4,722,894
3,127,545
CSC Financial Co. Ltd., A Shares
357,600
1,289,940
CSC Financial Co. Ltd., H Shares
974,811
1,411,706
CSG Holding Co. Ltd., A Shares
275,200
164,840
CSG Holding Co. Ltd., B Shares
795,985
136,094
CSI Solar Co. Ltd., A Shares
294,811
577,723
CSPC Innovation Pharmaceutical Co.
Ltd., A Shares *
103,920
411,287
CSPC Pharmaceutical Group Ltd.
9,482,519
9,074,297
  
41

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
CSSC Science & Technology Co. Ltd.,
A Shares
116,000
193,006
Daan Gene Co. Ltd., A Shares *
140,160
146,763
Damai Entertainment Holdings Ltd. *
14,333,040
1,060,704
Daqin Railway Co. Ltd., A Shares
1,591,300
1,221,461
Daqo New Energy Corp., ADR *
48,410
805,542
DaShenLin Pharmaceutical Group
Co. Ltd., A Shares
89,400
218,163
Datang International Power
Generation Co. Ltd, A Shares
379,400
484,249
Datang International Power
Generation Co. Ltd., H Shares
4,455,726
1,790,841
Dazhong Mining Co., Ltd., A Shares
130,800
754,454
DHC Software Co. Ltd., A Shares
238,800
262,412
Dian Diagnostics Group Co. Ltd.,
A Shares
69,500
181,525
Digital China Information Service
Group Co. Ltd., A Shares
111,000
209,804
Do-Fluoride New Materials Co. Ltd.,
A Shares
98,280
489,841
Dong-E-E-Jiao Co. Ltd., A Shares
58,500
432,513
Dongfang Electric Corp. Ltd.,
A Shares
268,900
1,401,082
Dongfang Electric Corp. Ltd.,
H Shares (a)
495,061
2,028,907
DongFeng Automobile Co. Ltd.,
A Shares
174,000
157,493
Dongguan Development Holdings
Co. Ltd., A Shares
98,400
147,277
Dongguan Yiheda Automation Co.
Ltd., A Shares
59,500
251,413
Dongxing Securities Co. Ltd.,
A Shares
284,900
563,357
Dosilicon Co., Ltd., A Shares *
26,000
546,652
Double Medical Technology, Inc.,
A Shares *
13,200
79,261
East Buy Holding Ltd. *
577,268
1,604,218
East Money Information Co. Ltd.,
A Shares
1,319,002
3,737,671
Eastern Air Logistics Co. Ltd.,
A Shares
146,200
356,124
Eastroc Beverage Group Co. Ltd.,
A Shares
57,720
1,215,958
Easyhome New Retail Group Co.
Ltd., A Shares *
487,700
173,832
Ecovacs Robotics Co. Ltd., A Shares
51,200
444,648
Empyrean Technology Co. Ltd.,
A Shares *
38,000
643,501
ENN Energy Holdings Ltd.
898,250
6,292,128
ENN Natural Gas Co. Ltd., A Shares
247,475
715,547
Eoptolink Technology, Inc. Ltd.,
A Shares *
82,340
8,603,050
Eternal Asia Supply Chain
Management Ltd., A Shares
304,800
277,236
Eve Energy Co. Ltd., A Shares
183,536
1,728,560
Everbright Securities Co. Ltd.,
A Shares
308,800
651,721
Everbright Securities Co. Ltd.,
H Shares
448,519
426,921
Everdisplay Optronics Shanghai Co.
Ltd., A Shares *
667,263
231,913
EverProX Technologies Co., Ltd.,
A Shares
16,700
615,520
Eyebright Medical Technology Beijing
Co. Ltd., A Shares
15,044
94,383
Fangda Carbon New Material Co.
Ltd., A Shares
344,780
256,490
SECURITY
NUMBER
OF SHARES
VALUE ($)
Far East Horizon Ltd.
2,789,214
2,736,757
Far East Smarter Energy Co., Ltd.,
A Shares *
128,300
457,303
Farasis Energy Gan Zhou Co. Ltd.,
A Shares *
93,274
179,473
FAW Jiefang Group Co. Ltd.,
A Shares
236,400
212,575
Fiberhome Telecommunication
Technologies Co. Ltd., A Shares
98,800
758,230
Financial Street Holdings Co. Ltd.,
A Shares *
190,300
86,968
First Capital Securities Co. Ltd.,
A Shares
422,200
437,096
Flat Glass Group Co. Ltd., A Shares *
127,900
220,561
Flat Glass Group Co. Ltd., H Shares
574,382
607,552
Focus Media Information Technology
Co. Ltd., A Shares
1,148,900
948,149
Foshan Haitian Flavouring & Food
Co. Ltd., A Shares
412,104
2,189,290
Fosun International Ltd.
2,023,394
1,004,288
Founder Securities Co. Ltd.,
A Shares
689,300
702,405
Founder Technology Group Corp.,
A Shares *
284,500
565,091
Foxconn Industrial Internet Co. Ltd.,
A Shares
965,300
10,478,968
Fujian Funeng Co. Ltd., A Shares
144,620
245,759
Fujian Kuncai Material Technology
Co. Ltd., A Shares *
35,980
170,656
Fujian Sunner Development Co. Ltd.,
A Shares
120,900
303,794
Full Truck Alliance Co. Ltd., ADR
885,314
7,808,470
Fushun Special Steel Co. Ltd.,
A Shares
131,200
93,140
Fuyao Glass Industry Group Co. Ltd.,
A Shares
178,300
1,388,649
Fuyao Glass Industry Group Co. Ltd.,
H Shares
721,033
5,115,145
GalaxyCore, Inc., A Shares
210,559
451,235
Gambol Pet Group Co. Ltd., A Shares
16,800
110,021
Gan & Lee Pharmaceuticals Co. Ltd.,
A Shares
48,600
375,779
Ganfeng Lithium Group Co. Ltd.,
A Shares
142,320
1,504,564
Ganfeng Lithium Group Co. Ltd.,
H Shares
574,254
4,693,006
G-bits Network Technology Xiamen
Co. Ltd., A Shares
6,200
304,386
GCL System Integration Technology
Co. Ltd., A Shares *
556,400
284,724
GCL Technology Holdings Ltd. *
33,025,726
3,497,506
GD Power Development Co. Ltd.,
A Shares
1,631,500
1,242,666
GDS Holdings Ltd., A Shares *
993,218
4,217,508
Geely Automobile Holdings Ltd.
7,441,819
17,870,089
GEM Co. Ltd., A Shares
494,200
570,108
Gemdale Corp., A Shares *
430,300
175,011
Genscript Biotech Corp. *
1,466,305
2,559,401
Geovis Technology Co., Ltd.,
A Shares *
84,040
604,933
GF Securities Co. Ltd., A Shares
504,000
1,408,065
GF Securities Co. Ltd., H Shares
1,351,646
2,785,246
Giant Biogene Holding Co. Ltd. (a)
596,717
2,288,682
Giant Network Group Co. Ltd.,
A Shares
161,000
620,527
GigaDevice Semiconductor, Inc.,
A Shares
53,384
3,687,206
42
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Ginlong Technologies Co. Ltd.,
A Shares
37,350
632,604
Glarun Technology Co. Ltd., A Shares
112,900
398,739
GoerTek, Inc., A Shares
321,300
1,274,945
Goke Microelectronics Co. Ltd.,
A Shares
17,300
841,710
Goldwind Science & Technology Co.
Ltd., A Shares
279,500
968,119
Goldwind Science & Technology Co.
Ltd., H Shares
919,980
1,609,325
Goneo Group Co. Ltd., A Shares
66,584
409,463
GoodWe Technologies Co. Ltd.,
A Shares *
35,161
730,110
Gotion High-tech Co. Ltd., A Shares
154,200
751,450
Grandjoy Holdings Group Co. Ltd.,
A Shares *
357,872
138,143
Great Wall Motor Co. Ltd., A Shares
244,600
611,007
Great Wall Motor Co. Ltd., H Shares
2,716,342
3,607,972
Gree Electric Appliances, Inc. of
Zhuhai, A Shares
326,700
1,892,618
Green Development Electricity Group
of Tianjin Co. Ltd., A Shares
177,500
288,244
Greenland Holdings Corp. Ltd.,
A Shares *
604,300
131,380
Greentown China Holdings Ltd.
1,195,444
1,352,947
GRG Banking Equipment Co. Ltd.,
A Shares
247,500
381,420
Guangdong Baolihua New Energy
Stock Co. Ltd., A Shares
342,000
313,096
Guangdong Dtech Technology Co.,
Ltd., A Shares
17,400
902,547
Guangdong Electric Power
Development Co. Ltd., B Shares
1,397,014
402,844
Guangdong Golden Dragon
Development, Inc., A Shares *
75,300
125,176
Guangdong Haid Group Co. Ltd.,
A Shares
122,800
850,516
Guangdong HEC Technology Holding
Co. Ltd., A Shares *
254,900
1,342,839
Guangdong Investment Ltd.
3,239,786
3,451,682
Guangdong South New Media Co.
Ltd., A Shares
24,100
124,038
Guangdong Xinbao Electrical
Appliances Holdings Co. Ltd.,
A Shares
74,500
142,027
Guanghui Energy Co. Ltd., A Shares
621,100
579,630
Guangshen Railway Co. Ltd.,
H Shares
2,665,032
782,093
Guangxi Guiguan Electric Power Co.
Ltd., A Shares
98,200
169,054
Guangxi Liugong Machinery Co. Ltd.,
A Shares
202,000
268,280
Guangzhou Automobile Group Co.
Ltd., A Shares
336,160
301,783
Guangzhou Automobile Group Co.
Ltd., H Shares (a)
2,871,491
945,268
Guangzhou Baiyun International
Airport Co. Ltd., A Shares
118,300
144,694
Guangzhou Baiyunshan
Pharmaceutical Holdings Co. Ltd.,
A Shares
179,500
571,304
Guangzhou Baiyunshan
Pharmaceutical Holdings Co. Ltd.,
H Shares
248,064
489,646
Guangzhou Development Group,
Inc., A Shares
314,700
372,346
SECURITY
NUMBER
OF SHARES
VALUE ($)
Guangzhou Great Power Energy &
Technology Co. Ltd., A Shares *
33,200
375,875
Guangzhou Haige Communications
Group, Inc. Co., A Shares
271,400
635,807
Guangzhou Kingmed Diagnostics
Group Co. Ltd., A Shares
45,900
173,785
Guangzhou Port Co. Ltd., A Shares
428,600
195,237
Guangzhou Shiyuan Electronic
Technology Co. Ltd., A Shares
64,400
348,028
Guangzhou Tinci Materials
Technology Co. Ltd., A Shares
187,780
1,444,985
Guangzhou Wondfo Biotech Co. Ltd.,
A Shares *
48,200
126,676
Guangzhou Yuexiu Capital Holdings
Group Co. Ltd., A Shares
280,118
332,672
Guangzhou Zhujiang Brewery Co.
Ltd., A Shares
214,300
313,774
Guizhou Panjiang Refined Coal Co.
Ltd., A Shares
257,100
213,317
Guming Holdings Ltd. (a)
546,800
1,590,711
Guobo Electronics Co. Ltd., A Shares
27,261
366,896
Guolian Minsheng Securities Co.
Ltd., A Shares
73,600
94,593
Guosen Securities Co. Ltd., A Shares
480,400
719,024
Guosheng Securities, Inc., A Shares *
194,100
331,277
Guotai Haitong Securities Co. Ltd.,
A Shares
1,201,174
2,732,263
Guotai Haitong Securities Co. Ltd.,
H Shares
3,395,722
5,658,526
Guoyuan Securities Co. Ltd.,
A Shares
405,800
427,919
H World Group Ltd.
2,322,174
10,393,991
Haidilao International Holding
Ltd. (a)
1,903,918
3,099,752
Haier Smart Home Co. Ltd.,
A Shares
543,900
1,679,615
Haier Smart Home Co. Ltd.,
H Shares
2,753,124
6,920,221
Hainan Airlines Holding Co. Ltd.,
A Shares *
3,391,600
737,364
Hainan Airport Infrastructure Co.
Ltd., A Shares
1,018,300
483,438
Hainan Drinda New Energy
Technology Co. Ltd., A Shares *
14,400
164,095
Hainan Jinpan Smart Technology
Co., Ltd., A Shares
19,423
288,640
Haisco Pharmaceutical Group Co.
Ltd., A Shares
76,800
585,758
Haitian International Holdings Ltd.
747,496
1,884,620
Hangzhou Binjiang Real Estate
Group Co. Ltd., A Shares
279,900
429,695
Hangzhou Chang Chuan Technology
Co. Ltd., A Shares
59,500
1,854,928
Hangzhou First Applied Material Co.
Ltd., A Shares
229,590
607,808
Hangzhou GreatStar Industrial Co.
Ltd., A Shares
106,000
507,938
Hangzhou Iron & Steel Co.,
A Shares *
241,900
280,844
Hangzhou Lion Microelectronics Co.
Ltd., A Shares *
61,656
504,997
Hangzhou Oxygen Plant Group Co.
Ltd., A Shares
68,200
250,551
Hangzhou Robam Appliances Co.
Ltd., A Shares
97,000
248,330
Hangzhou Shunwang Technology Co.
Ltd., A Shares
63,500
205,016
  
43

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Hangzhou Silan Microelectronics Co.
Ltd., A Shares
132,600
678,547
Hangzhou Tigermed Consulting Co.
Ltd., A Shares
64,700
377,495
Hangzhou Tigermed Consulting Co.
Ltd., H Shares
144,278
569,572
Han's Laser Technology Industry
Group Co. Ltd., A Shares
117,600
2,293,230
Hansoh Pharmaceutical Group Co.
Ltd.
1,372,495
5,505,811
Haohua Chemical Science &
Technology Co. Ltd., A Shares
79,400
454,456
Harbin Boshi Automation Co. Ltd.,
A Shares
97,500
181,403
Harbin Hatou Investment Co. Ltd.,
A Shares
185,700
153,527
Hebei Changshan Biochemical
Pharmaceutical Co. Ltd.,
A Shares *
81,800
499,042
Hebei Yangyuan Zhihui Beverage Co.
Ltd., A Shares
122,000
771,178
Hefei Meiya Optoelectronic
Technology, Inc., A Shares
84,110
191,570
Heilongjiang Agriculture Co. Ltd.,
A Shares
183,100
385,890
Henan Shenhuo Coal Industry &
Electricity Power Co. Ltd.,
A Shares
187,700
806,437
Henan Shijia Photons Technology
Co., Ltd., A Shares
21,295
512,388
Henan Shuanghui Investment &
Development Co. Ltd., A Shares
269,000
995,405
Hengan International Group Co. Ltd.
784,498
2,436,354
Hengdian Group DMEGC Magnetics
Co. Ltd., A Shares
151,500
564,866
Hengli Petrochemical Co. Ltd.,
A Shares
365,400
928,976
Hengtong Optic-electric Co. Ltd.,
A Shares
200,700
2,289,152
Hengyi Petrochemical Co. Ltd.,
A Shares
302,900
575,655
Hesteel Co. Ltd., A Shares
953,000
314,310
Hgtech Co. Ltd., A Shares
84,800
1,905,333
Hisense Home Appliances Group Co.
Ltd., A Shares
102,400
373,468
Hisense Home Appliances Group Co.
Ltd., H Shares (a)
393,839
1,153,768
Hisense Visual Technology Co. Ltd.,
A Shares
114,800
438,388
Hithink RoyalFlush Information
Network Co. Ltd., A Shares
61,460
2,070,285
HLA Group Corp. Ltd., A Shares
503,400
424,373
Hongta Securities Co. Ltd., A Shares
162,900
165,274
Hongyuan Green Energy Co. Ltd.,
A Shares *
48,517
132,604
Hopson Development Holdings
Ltd. *(b)
1,389,111
475,359
Horizon Robotics *
10,718,660
7,234,760
Hoshine Silicon Industry Co. Ltd.,
A Shares
57,100
321,499
Hoymiles Power Electronics, Inc.,
A Shares
7,634
108,468
Hua Hong Semiconductor Ltd.,
A Shares *
37,930
1,327,714
Hua Hong Semiconductor Ltd.,
H Shares *
843,925
17,368,656
Huaan Securities Co. Ltd., A Shares
260,300
276,028
SECURITY
NUMBER
OF SHARES
VALUE ($)
Huadian Power International Corp.
Ltd., A Shares
981,152
806,810
Huadian Power International Corp.
Ltd., H Shares
1,886,114
1,126,268
Huadong Medicine Co. Ltd.,
A Shares
135,500
581,563
Huafon Chemical Co. Ltd., A Shares
380,300
568,640
Huaibei Mining Holdings Co. Ltd.,
A Shares
208,500
454,840
Huaihe Energy Group Co., Ltd.,
A Shares *
402,100
248,582
Hualan Biological Engineering, Inc.,
A Shares
171,980
349,482
Huali Industrial Group Co. Ltd.,
A Shares
49,900
252,251
Huaneng Lancang River Hydropower,
Inc., A Shares
516,100
755,665
Huaneng Power International, Inc.,
A Shares
862,400
1,131,338
Huaneng Power International, Inc.,
H Shares
4,931,417
4,574,400
Huapont Life Sciences Co. Ltd.,
A Shares
279,800
187,459
Huaqin Co. Ltd., A Shares
78,200
1,230,576
Huatai Securities Co. Ltd., A Shares
462,100
1,242,482
Huatai Securities Co. Ltd., H Shares
1,506,401
3,046,477
Huaxi Securities Co. Ltd., A Shares
165,400
197,899
Huaxia Bank Co. Ltd., A Shares
1,287,100
1,277,306
Huaxia Eye Hospital Group Co. Ltd.,
A Shares
13,150
34,093
Huaxin Building Materials Group Co.
Ltd., A Shares
128,926
355,424
Huaxin Building Materials Group Co.
Ltd., H Shares
258,506
483,540
Huayu Automotive Systems Co. Ltd.,
A Shares
295,100
729,299
Hubei Energy Group Co. Ltd.,
A Shares
588,100
463,595
Hubei Feilihua Quartz Glass Co., Ltd.,
A Shares *
34,500
682,453
Hubei Jumpcan Pharmaceutical Co.
Ltd., A Shares
36,400
148,207
Hubei Xingfa Chemicals Group Co.
Ltd., A Shares
108,000
499,313
Huizhou Desay Sv Automotive Co.
Ltd., A Shares
46,700
702,836
Hunan Gold Corp. Ltd., A Shares
143,780
516,306
Hunan Valin Steel Co. Ltd., A Shares
570,600
338,405
Hunan Yuneng New Energy Battery
Material Co. Ltd., A Shares
59,700
780,613
Hundsun Technologies, Inc.,
A Shares
185,694
666,542
Hwatsing Technology Co. Ltd.,
A Shares
31,101
1,201,869
Hygon Information Technology Co.
Ltd., A Shares
192,899
8,384,742
Hytera Communications Corp. Ltd.,
A Shares *
165,400
204,993
IEIT Systems Co. Ltd., A Shares
118,728
1,134,874
Iflytek Co. Ltd., A Shares
192,500
1,363,724
Imeik Technology Development Co.
Ltd., A Shares
22,260
344,857
Industrial & Commercial Bank of
China Ltd., A Shares
6,322,900
6,751,708
Industrial & Commercial Bank of
China Ltd., H Shares
94,557,398
80,110,894
Industrial Bank Co. Ltd., A Shares
1,791,200
4,900,901
44
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Industrial Securities Co. Ltd.,
A Shares
824,060
700,788
Ingenic Semiconductor Co. Ltd.,
A Shares
35,000
815,077
Inner Mongolia BaoTou Steel Union
Co. Ltd., A Shares
4,118,000
1,437,337
Inner Mongolia Berun Chemical Co.
Ltd., A Shares
326,900
348,103
Inner Mongolia Dian Tou Energy
Corp. Ltd., A Shares
166,200
760,767
Inner Mongolia ERDOS Resources
Co. Ltd., A Shares
130,100
260,144
Inner Mongolia ERDOS Resources
Co. Ltd., B Shares
437,620
549,213
Inner Mongolia Junzheng Energy &
Chemical Industry Group Co. Ltd.,
A Shares
768,700
582,086
Inner Mongolia MengDian HuaNeng
Thermal Power Corp. Ltd.,
A Shares
592,300
639,477
Inner Mongolia Xingye Silver&Tin
Mining Co., Ltd., A Shares
131,200
770,344
Inner Mongolia Yili Industrial Group
Co. Ltd., A Shares
531,500
2,116,111
Inner Mongolia Yitai Coal Co. Ltd.,
B Shares
860,285
2,391,592
InnoScience Suzhou Technology
Holding Co., Ltd., H Shares *(a)
351,800
3,189,245
Innovent Biologics, Inc. *
1,927,290
20,496,545
Intco Medical Technology Co. Ltd.,
A Shares
60,450
388,460
iQIYI, Inc., ADR *
541,574
617,394
iRay Group, A Shares
13,720
409,888
IRICO Display Devices Co. Ltd.,
A Shares *
207,000
299,106
Isoftstone Information Technology
Group Co. Ltd., A Shares
83,500
408,025
J&T Global Express Ltd. *
7,083,845
8,161,778
JA Solar Technology Co. Ltd.,
A Shares *
316,736
426,752
Jafron Biomedical Co. Ltd.,
A Shares *
68,050
183,072
Jason Furniture Hangzhou Co. Ltd.,
A Shares
75,010
322,607
JCET Group Co. Ltd., A Shares
136,600
1,657,637
JCHX Mining Management Co. Ltd.,
A Shares
56,500
619,863
JD Health International, Inc. *
1,242,674
6,088,586
JD Logistics, Inc. *
2,309,363
3,798,159
JD.com, Inc., A Shares
2,801,671
40,573,361
Jiangling Motors Corp. Ltd., A Shares
46,100
114,203
Jiangsu Broadcasting Cable
Information Network Corp., Ltd.,
A Shares
409,200
213,634
Jiangsu Cnano Technology Co. Ltd.,
A Shares
28,759
185,320
Jiangsu Eastern Shenghong Co. Ltd.,
A Shares *
599,300
1,068,050
Jiangsu Expressway Co. Ltd.,
A Shares
172,000
327,900
Jiangsu Expressway Co. Ltd.,
H Shares (a)
1,112,358
1,490,259
Jiangsu Financial Leasing Co. Ltd.,
A Shares
510,700
472,070
Jiangsu Hengli Hydraulic Co. Ltd.,
A Shares
111,584
1,800,639
SECURITY
NUMBER
OF SHARES
VALUE ($)
Jiangsu Hengrui Pharmaceuticals
Co. Ltd., A Shares
532,544
3,953,055
Jiangsu Hengrui Pharmaceuticals
Co. Ltd., H Shares
222,164
1,706,468
Jiangsu Hoperun Software Co. Ltd.,
A Shares
64,000
380,699
Jiangsu King's Luck Brewery JSC
Ltd., A Shares
118,000
528,792
Jiangsu Linyang Energy Co. Ltd.,
A Shares
188,800
184,292
Jiangsu Nhwa Pharmaceutical Co.
Ltd., A Shares
94,700
284,179
Jiangsu Pacific Quartz Co. Ltd.,
A Shares
42,600
423,514
Jiangsu Phoenix Publishing & Media
Corp. Ltd., A Shares
276,400
365,865
Jiangsu Xukuang Energy Co. Ltd.,
A Shares
247,300
171,902
Jiangsu Yanghe Distillery Co. Ltd.,
A Shares
131,600
883,438
Jiangsu Yangnong Chemical Co. Ltd.,
A Shares
44,200
373,658
Jiangsu Yoke Technology Co. Ltd.,
A Shares
41,800
665,627
Jiangsu Yuyue Medical Equipment &
Supply Co. Ltd., A Shares
93,500
365,484
Jiangsu Zhongtian Technology Co.
Ltd., A Shares
231,800
1,446,382
Jiangxi Copper Co. Ltd., A Shares
173,400
1,115,574
Jiangxi Copper Co. Ltd., H Shares
1,259,974
5,658,903
Jiangxi Special Electric Motor Co.
Ltd., A Shares *
161,500
281,131
Jilin Aodong Pharmaceutical Group
Co. Ltd., A Shares
105,100
268,134
Jinduicheng Molybdenum Co. Ltd.,
A Shares
242,600
867,217
Jinko Solar Co. Ltd., A Shares *
823,215
713,462
Jinyu Bio-Technology Co. Ltd,
A Shares
107,000
184,678
JiuGui Liquor Co. Ltd., A Shares
31,000
209,709
Jizhong Energy Resources Co. Ltd.,
A Shares
326,700
262,850
JL Mag Rare-Earth Co. Ltd.,
A Shares
116,500
556,013
Joincare Pharmaceutical Group
Industry Co. Ltd., A Shares
175,700
265,053
Joinn Laboratories China Co. Ltd.,
A Shares
55,272
287,500
Joinn Laboratories China Co. Ltd.,
H Shares
148,025
339,777
Jointo Energy Investment Co., Ltd.
Hebei, A Shares
171,200
317,766
Jointown Pharmaceutical Group Co.
Ltd., A Shares
558,571
396,533
Jonjee Hi-Tech Industrial &
Commercial Holding Co. Ltd.,
A Shares
78,800
228,774
JOYY, Inc., ADR
32,266
2,175,696
Juneyao Airlines Co. Ltd., A Shares
250,400
440,698
J-Yuan Trust Co. Ltd., A Shares *
867,900
396,633
Kaishan Group Co., Ltd., A Shares
50,700
222,552
Kangmei Pharmaceutical Co. Ltd.,
A Shares *
621,600
142,496
Kanzhun Ltd., ADR
359,929
4,884,237
KE Holdings, Inc., A Shares
2,224,800
12,325,620
Keboda Technology Co. Ltd.,
A Shares
25,100
180,303
  
45

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Keda Industrial Group Co. Ltd.,
A Shares *
180,000
434,995
Kingboard Holdings Ltd.
734,469
6,161,653
Kingboard Laminates Holdings Ltd.
1,087,273
7,574,592
Kingdee International Software
Group Co. Ltd. *
3,491,620
3,238,839
Kingfa Sci & Tech Co. Ltd., A Shares
178,500
446,418
Kingnet Network Co. Ltd., A Shares
203,600
482,995
Kingsoft Corp. Ltd.
1,168,710
3,158,353
Kuaishou Technology
3,352,789
19,481,717
Kuang-Chi Technologies Co. Ltd.,
A Shares *
192,000
1,141,814
Kunlun Energy Co. Ltd.
4,172,056
3,811,458
Kunlun Tech Co. Ltd., A Shares *
117,300
761,940
Kweichow Moutai Co. Ltd., A Shares
104,500
20,493,681
Lakala Payment Co. Ltd., A Shares
52,500
188,059
Lao Feng Xiang Co. Ltd., A Shares
133,558
710,115
Laobaixing Pharmacy Chain JSC,
A Shares
62,699
113,687
Laopu Gold Co. Ltd., H Shares (a)
53,236
3,423,450
LB Group Co. Ltd., A Shares
238,500
504,411
Lee & Man Paper Manufacturing Ltd.
1,972,986
762,772
Legend Holdings Corp., H Shares *
687,997
1,444,922
Lens Technology Co. Ltd., A Shares
412,000
2,467,814
Lens Technology Co. Ltd.,
H Shares (a)
352,676
1,083,579
Leo Group Co. Ltd., A Shares
655,200
579,476
Lepu Medical Technology Beijing Co.
Ltd., A Shares
180,000
335,697
Levima Advanced Materials Corp.,
A Shares
70,900
259,946
Leyard Optoelectronic Co. Ltd.,
A Shares
236,200
228,464
Li Auto, Inc., A Shares *
1,440,315
10,631,360
Li Ning Co. Ltd.
2,712,731
6,299,500
LianChuang Electronic Technology
Co. Ltd., A Shares *
107,700
146,702
Liaoning Port Co. Ltd., A Shares
1,497,500
356,577
Lingyi iTech Guangdong Co.,
A Shares
656,600
1,412,941
Livzon Pharmaceutical Group, Inc.,
A Shares
51,600
235,508
Livzon Pharmaceutical Group, Inc.,
H Shares
174,004
583,462
Longfor Group Holdings Ltd.
2,467,686
2,471,653
LONGi Green Energy Technology Co.
Ltd., A Shares *
628,048
1,290,195
Longshine Technology Group Co.
Ltd., A Shares
105,200
196,352
Loongson Technology Corp. Ltd.,
A Shares *
29,424
634,482
Lufax Holding Ltd., ADR *
364,819
601,951
Luoyang Xinqianglian Slewing
Bearing Co. Ltd., A Shares
39,000
185,845
Luxi Chemical Group Co. Ltd.,
A Shares
165,500
317,956
Luxin Venture Capital Group Co.,
Ltd., A Shares
76,500
238,502
Luxshare Precision Industry Co. Ltd.,
A Shares
616,017
6,677,249
Luye Pharma Group Ltd. *
2,315,728
641,173
Luzhou Laojiao Co. Ltd., A Shares
125,400
1,688,457
Maanshan Iron & Steel Co. Ltd.,
A Shares *
478,100
208,594
Maanshan Iron & Steel Co. Ltd.,
H Shares *
1,754,551
432,067
Mango Excellent Media Co. Ltd.,
A Shares
164,370
424,207
SECURITY
NUMBER
OF SHARES
VALUE ($)
Mao Geping Cosmetics Co. Ltd.,
H Shares
102,202
780,462
Maxscend Microelectronics Co. Ltd.,
A Shares *
45,248
723,411
Meihua Holdings Group Co. Ltd.,
A Shares *
293,400
408,763
Meinian Onehealth Healthcare
Holdings Co. Ltd., A Shares
349,500
294,117
Meitu, Inc. *(a)
4,016,088
2,234,178
Meituan, B Shares *
6,309,378
59,129,790
Metallurgical Corp. of China Ltd.,
A Shares
1,334,600
558,596
Metallurgical Corp. of China Ltd.,
H Shares
3,776,453
722,775
MGI Tech Co. Ltd., A Shares *
37,680
281,425
Microport Scientific Corp. *(a)
1,335,021
1,280,955
Micro-Tech Nanjing Co. Ltd.,
A Shares
17,179
208,111
Midea Group Co. Ltd., H Shares
730,262
7,989,890
Ming Yang Smart Energy Group Ltd.,
A Shares
228,700
559,112
MINISO Group Holding Ltd.
541,034
1,785,176
Minmetals Capital Co. Ltd., A Shares
401,400
282,582
Minmetals New Energy Materials
Hunan Co. Ltd., A Shares *
384,085
502,725
Minth Group Ltd.
828,452
3,995,647
Mixue Group, H Shares *(a)
18,500
622,694
Montage Technology Co. Ltd.,
A Shares
91,325
3,417,200
Muyuan Foods Group Co. Ltd.,
A Shares
460,086
2,590,491
Nanjing Iron & Steel Co. Ltd.,
A Shares
548,100
398,827
Nanjing King-Friend Biochemical
Pharmaceutical Co. Ltd.,
A Shares
132,900
158,817
Nanjing Securities Co. Ltd., A Shares
272,700
270,222
NARI Technology Co. Ltd., A Shares
668,096
2,460,358
National Silicon Industry Group Co.
Ltd., A Shares *
241,070
987,605
NAURA Technology Group Co. Ltd.,
A Shares
60,450
5,631,283
NavInfo Co. Ltd., A Shares *
279,800
361,262
NetEase Cloud Music, Inc. *(a)
102,802
1,559,593
NetEase, Inc.
2,172,904
53,813,850
New China Life Insurance Co. Ltd.,
A Shares
174,000
1,536,327
New China Life Insurance Co. Ltd.,
H Shares
1,173,584
7,256,473
New Hope Liuhe Co. Ltd., A Shares
420,600
490,802
New Oriental Education &
Technology Group, Inc.
1,686,525
7,841,500
Neway Valve Suzhou Co., Ltd.,
A Shares
28,800
244,705
Newland Digital Technology Co. Ltd.,
A Shares
108,600
332,155
Nexchip Semiconductor Corp.,
A Shares
160,607
1,082,202
Nine Dragons Paper Holdings Ltd. *
1,784,942
1,516,793
Ningbo Deye Technology Corp.,
A Shares
101,647
1,738,452
Ningbo Joyson Electronic Corp.,
A Shares *
130,600
506,449
Ningbo Orient Wires & Cables Co.
Ltd., A Shares
78,240
517,245
Ningbo Ronbay New Energy
Technology Co. Ltd., A Shares
62,681
287,381
46
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Ningbo Sanxing Medical Electric Co.
Ltd., A Shares
109,200
264,059
Ningbo Shanshan Co. Ltd.,
A Shares *
232,900
504,623
Ningbo Tuopu Group Co. Ltd.,
A Shares
157,055
1,449,428
Ningbo Zhoushan Port Co. Ltd.,
A Shares
745,200
383,541
Ningxia Baofeng Energy Group Co.
Ltd., A Shares
638,700
2,267,088
NIO, Inc., A Shares *
2,084,545
11,303,897
Nongfu Spring Co. Ltd., H Shares
2,104,139
11,490,692
North Huajin Chemical Industries
Co., Ltd., A Shares
274,700
179,979
North Industries Group Red Arrow
Co. Ltd., A Shares *
74,900
217,895
Northeast Securities Co. Ltd.,
A Shares
200,000
235,452
Offcn Education Technology Co., Ltd.,
A Shares *
571,700
204,618
Offshore Oil Engineering Co. Ltd.,
A Shares *
255,300
211,823
OFILM Group Co. Ltd., A Shares *
303,500
402,186
OmniVision Integrated Circuits
Group, Inc., A Shares
103,050
1,447,877
Oppein Home Group, Inc., A Shares
45,440
263,307
ORG Technology Co. Ltd., A Shares
81,700
60,779
Orient Securities Co. Ltd., A Shares
618,116
851,099
Orient Securities Co. Ltd., H Shares
1,206,085
875,625
Oriental Energy Co. Ltd., A Shares *
156,600
146,839
Oriental Pearl Group Co. Ltd.,
A Shares
304,000
437,468
Ourpalm Co. Ltd., A Shares *
334,900
221,898
Ovctek China, Inc., A Shares
81,180
145,036
Pacific Securities Co. Ltd., A Shares *
387,500
192,562
Pangang Group Vanadium
Titanium & Resources Co. Ltd.,
A Shares *
757,900
383,352
Pantum Technology Co. Ltd.,
A Shares *
136,400
320,350
PDD Holdings, Inc., ADR *
900,766
76,060,681
People.cn Co. Ltd., A Shares
111,800
289,857
People's Insurance Co. Group of
China Ltd., A Shares
929,700
940,501
People's Insurance Co. Group of
China Ltd., H Shares
10,259,293
6,780,710
Perfect World Co. Ltd., A Shares
184,250
381,774
PetroChina Co. Ltd., A Shares
2,186,500
3,515,112
PetroChina Co. Ltd., H Shares
24,750,013
34,389,931
Pharmaron Beijing Co. Ltd., A Shares
115,000
426,905
Pharmaron Beijing Co. Ltd.,
H Shares
425,588
951,374
PICC Property & Casualty Co. Ltd.,
H Shares
7,936,698
14,734,345
Ping An Bank Co. Ltd., A Shares
1,685,900
2,725,286
Ping An Healthcare & Technology Co.
Ltd. *(a)
1,072,926
1,221,132
Ping An Insurance Group Co. of
China Ltd., A Shares
890,900
7,049,250
Ping An Insurance Group Co. of
China Ltd., H Shares
7,707,371
59,053,720
Pingdingshan Tianan Coal Mining Co.
Ltd., A Shares
258,300
300,267
Piotech, Inc., A Shares
23,646
2,196,193
Polaris Bay Group Co. Ltd.,
A Shares *
157,700
132,710
SECURITY
NUMBER
OF SHARES
VALUE ($)
Poly Developments & Holdings
Group Co. Ltd., A Shares
891,200
760,521
Poly Property Services Co. Ltd.,
H Shares
187,615
708,577
Pony AI, Inc., ADR *
315,915
3,168,627
Pop Mart International Group Ltd. (a)
798,274
17,661,560
Porton Pharma Solutions Ltd.,
A Shares
58,800
128,184
Postal Savings Bank of China Co.
Ltd., A Shares
2,387,800
1,758,683
Postal Savings Bank of China Co.
Ltd., H Shares
11,581,736
7,418,317
Power Construction Corp. of China
Ltd., A Shares
1,558,000
1,230,464
Pylon Technologies Co. Ltd.,
A Shares
19,566
192,435
Qfin Holdings, Inc., ADR
103,582
1,665,599
Qi An Xin Technology Group, Inc.,
A Shares *
65,414
259,181
Qingdao Hanhe Cable Co., Ltd.,
A Shares
167,800
203,004
Qingdao Huicheng Environmental
Technology Group Co. Ltd.,
A Shares
16,300
201,609
Qingdao Port International Co. Ltd.,
A Shares
156,500
211,322
Qingdao Port International Co. Ltd.,
H Shares
535,949
490,994
Qingdao Rural Commercial Bank
Corp., A Shares
796,800
338,214
Qingdao TGOOD Electric Co. Ltd.,
A Shares
113,900
658,659
Qinghai Salt Lake Industry Co. Ltd.,
A Shares *
443,900
2,020,100
QuantumCTek Co., Ltd., A Shares
2,605
215,706
Quzhou Xin'an Development Co. Ltd.,
A Shares *
846,800
370,709
Range Intelligent Computing
Technology Group Co. Ltd.,
A Shares
149,600
1,855,660
Raytron Technology Co. Ltd.,
A Shares
45,400
858,118
Remegen Co. Ltd., A Shares *
23,187
397,901
Remegen Co. Ltd., H Shares *
217,714
2,295,922
RLX Technology, Inc., ADR
865,133
1,782,174
RoboTechnik Intelligent Technology
Co. Ltd., A Shares
13,100
1,238,615
Rockchip Electronics Co. Ltd.,
A Shares
34,900
906,741
Rongsheng Petrochemical Co. Ltd.,
A Shares *
499,300
831,496
Ruijie Networks Co. Ltd., A Shares
34,104
325,129
Ruyi Film Entertainment Co. Ltd.,
A Shares *
160,800
219,031
Sai Micro Electronics, Inc., A Shares
48,300
357,386
SAIC Motor Corp. Ltd., A Shares
810,400
1,476,625
Sailun Group Co. Ltd., A Shares
309,500
578,128
Sanan Optoelectronics Co. Ltd.,
A Shares
400,700
926,865
Sangfor Technologies, Inc., A Shares
34,500
545,657
Sansure Biotech, Inc., A Shares
68,395
165,792
Sany Heavy Equipment International
Holdings Co. Ltd.
1,233,141
1,211,522
Sany Heavy Industry Co. Ltd.,
A Shares
713,500
1,893,113
Sany Renewable Energy Co. Ltd.,
A Shares
43,035
133,278
  
47

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Satellite Chemical Co. Ltd., A Shares
321,962
1,108,055
SDIC Capital Co. Ltd., A Shares
524,700
499,755
SDIC Power Holdings Co. Ltd.,
A Shares
638,400
1,350,172
Sealand Securities Co. Ltd., A Shares
472,700
260,069
Seazen Group Ltd. *
2,845,635
660,813
Seazen Holdings Co. Ltd., A Shares *
220,700
428,249
SenseTime Group, Inc., B Shares *
34,518,094
7,311,103
Seres Group Co. Ltd., A Shares
139,600
1,681,861
SF Holding Co. Ltd., A Shares
421,800
2,180,288
SF Holding Co. Ltd., H Shares (a)
259,492
1,035,664
SG Micro Corp., A Shares
59,107
1,029,518
Shaanxi Coal Industry Co. Ltd.,
A Shares
846,900
3,224,043
Shaanxi Energy Investment Co. Ltd.,
A Shares
298,600
566,158
Shaanxi International Trust Co. Ltd.,
A Shares
380,700
167,787
Shan Xi Hua Yang Group New Energy
Co. Ltd., A Shares
375,050
515,306
Shandong Buchang Pharmaceuticals
Co. Ltd., A Shares
147,300
325,254
Shandong Gold Mining Co. Ltd.,
A Shares
321,704
1,373,610
Shandong Gold Mining Co. Ltd.,
H Shares
1,130,685
3,439,346
Shandong Himile Mechanical
Science & Technology Co. Ltd.,
A Shares
99,470
769,550
Shandong Hi-speed Co. Ltd.,
A Shares
244,600
443,152
Shandong Hualu Hengsheng
Chemical Co. Ltd., A Shares
205,360
893,853
Shandong Humon Smelting Co. Ltd.,
A Shares
98,100
195,287
Shandong Linglong Tyre Co. Ltd.,
A Shares
86,400
153,468
Shandong Nanshan Aluminum Co.
Ltd., A Shares
1,114,900
857,431
Shandong Pharmaceutical Glass Co.
Ltd., A Shares
69,900
198,283
Shandong Sun Paper Industry JSC
Ltd., A Shares
257,800
526,547
Shandong Weigao Group Medical
Polymer Co. Ltd., H Shares (a)
3,053,294
1,308,989
Shanghai Aerospace Automobile
Electromechanical Co., Ltd.,
A Shares *
119,300
242,960
Shanghai Aiko Solar Energy Co. Ltd.,
A Shares *
147,960
264,783
Shanghai Allist Pharmaceuticals Co.
Ltd., A Shares
42,416
562,832
Shanghai Awinic Technology Co. Ltd.,
A Shares
17,102
187,728
Shanghai Bairun Investment Holding
Group Co. Ltd., A Shares
97,428
284,440
Shanghai Baosight Software Co. Ltd.,
A Shares
403,665
1,202,974
Shanghai BOCHU Electronic
Technology Corp. Ltd., A Shares
24,246
583,931
Shanghai Construction Group Co.
Ltd., A Shares
659,500
245,796
Shanghai Electric Group Co. Ltd.,
A Shares *
1,182,200
1,409,244
Shanghai Electric Group Co. Ltd.,
H Shares *
3,062,284
1,625,424
SECURITY
NUMBER
OF SHARES
VALUE ($)
Shanghai Electric Power Co. Ltd.,
A Shares *
237,200
781,610
Shanghai Environment Group Co.
Ltd., A Shares
167,500
189,512
Shanghai Fosun Pharmaceutical
Group Co. Ltd., A Shares
161,200
554,304
Shanghai Fosun Pharmaceutical
Group Co. Ltd., H Shares
529,244
1,149,327
Shanghai Fudan Microelectronics
Group Co. Ltd., A Shares
53,876
481,354
Shanghai Fudan Microelectronics
Group Co. Ltd., H Shares
319,618
1,286,237
Shanghai Huayi Group Co. Ltd.,
A Shares
179,800
232,413
Shanghai Industrial Holdings Ltd.
597,346
1,150,882
Shanghai International Airport Co.
Ltd., A Shares
222,500
824,982
Shanghai International Port Group
Co. Ltd., A Shares
997,800
757,044
Shanghai Jahwa United Co. Ltd.,
A Shares
56,800
157,007
Shanghai Jinjiang International
Hotels Co. Ltd., A Shares
96,700
291,897
Shanghai Jinjiang International
Hotels Co. Ltd., B Shares
204,265
294,346
Shanghai Jinqiao Export Processing
Zone Development Co. Ltd.,
A Shares
99,800
146,716
Shanghai Junshi Biosciences Co.
Ltd., A Shares *
76,221
385,983
Shanghai Junshi Biosciences Co.
Ltd., H Shares *(a)
208,109
559,213
Shanghai Lingang Holdings Corp.
Ltd., A Shares
174,700
231,505
Shanghai Lujiazui Finance & Trade
Zone Development Co. Ltd.,
A Shares
230,800
247,477
Shanghai Lujiazui Finance & Trade
Zone Development Co. Ltd.,
B Shares
499,130
188,172
Shanghai M&G Stationery, Inc.,
A Shares
44,200
150,679
Shanghai Mechanical & Electrical
Industry Co. Ltd., A Shares
57,900
187,621
Shanghai Mechanical & Electrical
Industry Co. Ltd., B Shares
268,401
367,709
Shanghai Moons' Electric Co. Ltd.,
A Shares
40,800
370,018
Shanghai Pharmaceuticals Holding
Co. Ltd., A Shares
200,000
487,469
Shanghai Pharmaceuticals Holding
Co. Ltd., H Shares
875,568
1,267,984
Shanghai Pudong Development Bank
Co. Ltd., A Shares
2,744,800
3,803,737
Shanghai Putailai New Energy
Technology Group Co. Ltd.,
A Shares
201,276
911,799
Shanghai RAAS Blood Products Co.
Ltd., A Shares
652,400
512,352
Shanghai Rural Commercial Bank
Co. Ltd., A Shares
839,500
1,055,358
Shanghai Stonehill Technology Co.
Ltd., A Shares *
468,100
531,000
Shanghai Tunnel Engineering Co.
Ltd., A Shares
279,100
237,349
Shanghai United Imaging Healthcare
Co. Ltd., A Shares
80,422
1,430,872
48
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Shanghai Yuyuan Tourist Mart Group
Co. Ltd., A Shares
414,900
290,859
Shanghai Zhangjiang High-Tech Park
Development Co. Ltd., A Shares
156,400
803,576
Shanghai Zhenhua Heavy Industries
Co. Ltd., B Shares
1,320,920
334,193
Shanjin International Gold Co. Ltd.,
A Shares
214,600
712,852
Shannon Semiconductor Technology
Co., Ltd., A Shares
35,300
940,209
Shanxi Coal International Energy
Group Co. Ltd., A Shares
176,300
361,911
Shanxi Coking Coal Energy Group
Co. Ltd., A Shares
531,300
533,543
Shanxi Lu'an Environmental Energy
Development Co. Ltd., A Shares
297,700
704,464
Shanxi Meijin Energy Co. Ltd.,
A Shares *
247,000
158,178
Shanxi Securities Co. Ltd., A Shares
348,200
267,789
Shanxi Taigang Stainless Steel Co.
Ltd., A Shares *
469,000
268,438
Shanxi Xinghuacun Fen Wine Factory
Co. Ltd., A Shares
106,900
2,028,451
Sharetronic Data Technology Co.,
Ltd., A Shares
36,680
1,300,071
Shede Spirits Co. Ltd., A Shares
30,800
200,704
Shenergy Co. Ltd., A Shares
390,500
596,020
Shenghe Resources Holding Co. Ltd.,
A Shares
167,100
540,981
Shengyi Electronics Co. Ltd.,
A Shares
85,028
1,736,035
Shengyi Technology Co. Ltd.,
A Shares
219,400
4,562,931
Shennan Circuits Co. Ltd., A Shares
59,730
3,634,356
Shenwan Hongyuan Group Co. Ltd.,
A Shares
1,878,400
1,225,143
Shenwan Hongyuan Group Co. Ltd.,
H Shares
2,020,040
667,556
Shenyang Xingqi Pharmaceutical Co.
Ltd., A Shares
36,337
206,582
Shenzhen Agricultural Products
Group Co., Ltd., A Shares
178,800
170,828
Shenzhen Airport Co. Ltd., A Shares
213,000
214,214
Shenzhen Aisidi Co. Ltd., A Shares
127,200
198,284
Shenzhen Capchem Technology Co.
Ltd., A Shares
80,640
878,263
Shenzhen Dynanonic Co. Ltd.,
A Shares *
22,880
223,709
Shenzhen Energy Group Co. Ltd.,
A Shares
422,400
504,772
Shenzhen Envicool Technology Co.,
Ltd., A Shares *
70,500
948,835
Shenzhen Everwin Precision
Technology Co. Ltd., A Shares *
123,200
608,033
Shenzhen Expressway Corp. Ltd.,
H Shares
560,635
492,864
Shenzhen Gas Corp. Ltd., A Shares
367,500
352,203
Shenzhen Goodix Technology Co.
Ltd., A Shares
36,300
327,543
Shenzhen Han's CNC Technology
Co., Ltd., A Shares
12,400
511,665
Shenzhen Huaqiang Industry Co.
Ltd., A Shares
99,300
427,956
Shenzhen Infogem Technologies Co.
Ltd., A Shares *
60,900
348,389
Shenzhen Inovance Technology Co.
Ltd., A Shares
226,300
2,475,379
SECURITY
NUMBER
OF SHARES
VALUE ($)
Shenzhen International Holdings Ltd.
1,827,612
1,387,487
Shenzhen Kaifa Technology Co. Ltd.,
A Shares
155,600
915,680
Shenzhen Kangtai Biological
Products Co. Ltd., A Shares
105,180
197,559
Shenzhen Kedali Industry Co. Ltd.,
A Shares
23,100
594,048
Shenzhen Kingdom Sci-Tech Co.
Ltd., A Shares *
92,200
178,361
Shenzhen Kinwong Electronic Co.
Ltd., A Shares
72,500
849,012
Shenzhen Kstar Science &
Technology Co. Ltd., A Shares
44,500
357,306
Shenzhen Longsys Electronics Co.
Ltd., A Shares *
35,000
2,853,700
Shenzhen Megmeet Electrical Co.,
Ltd., A Shares
35,300
658,079
Shenzhen Mindray Bio-Medical
Electronics Co. Ltd., A Shares
105,300
2,364,537
Shenzhen MTC Co. Ltd., A Shares
453,000
777,171
Shenzhen New Industries Biomedical
Engineering Co. Ltd., A Shares
72,600
501,863
Shenzhen Overseas Chinese Town
Co. Ltd., A Shares *
773,000
221,790
Shenzhen Salubris Pharmaceuticals
Co. Ltd., A Shares
92,000
454,731
Shenzhen SC New Energy
Technology Corp., A Shares *
31,000
370,040
Shenzhen SED Industry Co. Ltd.,
A Shares *
108,000
263,074
Shenzhen Senior Technology
Material Co. Ltd., A Shares
119,700
280,066
Shenzhen Sunway Communication
Co. Ltd., A Shares
88,700
1,294,139
Shenzhen Techwinsemi Technology
Co., Ltd., A Shares
21,000
1,987,739
Shenzhen Transsion Holdings Co.
Ltd., A Shares
97,104
864,557
Shenzhen Woer Heat-Shrinkable
Material Co. Ltd., A Shares
132,900
432,225
Shenzhen Yan Tian Port Holding Co.
Ltd., A Shares
288,700
190,860
Shenzhen YUTO Packaging
Technology Co. Ltd., A Shares
67,900
387,027
Shenzhen Zhongjin Lingnan
Nonfemet Co. Ltd., A Shares
304,100
346,762
Shijiazhuang Changshan BeiMing
Technology Co. Ltd., A Shares *
150,200
340,543
Shijiazhuang Yiling Pharmaceutical
Co. Ltd., A Shares
159,500
382,624
Shougang Fushan Resources Group
Ltd.
1,967,225
682,733
Siasun Robot & Automation Co. Ltd.,
A Shares *
140,300
306,892
SICC Co. Ltd., A Shares *
39,141
851,539
Sichuan Biokin Pharmaceutical Co.
Ltd., A Shares *
18,623
657,091
Sichuan Changhong Electric Co. Ltd.,
A Shares
415,000
441,917
Sichuan Chuantou Energy Co. Ltd.,
A Shares
418,600
959,602
Sichuan Hebang Biotechnology Co.
Ltd., A Shares *
810,200
294,773
Sichuan Huafeng Technology Co.,
Ltd., A Shares *
15,790
331,472
Sichuan Kelun Pharmaceutical Co.
Ltd., A Shares
138,500
744,995
  
49

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Sichuan Kelun-Biotech
Biopharmaceutical Co. Ltd.,
H Shares *
66,567
3,924,000
Sichuan New Energy Power Co. Ltd.,
A Shares
139,800
294,634
Sichuan Road & Bridge Group Co.
Ltd., A Shares
605,960
785,070
Sichuan Swellfun Co. Ltd., A Shares
48,700
257,853
Sichuan Yahua Industrial Group Co.
Ltd., A Shares
100,900
341,882
Sino Biopharmaceutical Ltd.
11,412,488
7,266,225
Sinochem International Corp.,
A Shares *
347,500
276,501
Sinolink Securities Co. Ltd., A Shares
294,000
376,987
Sinoma International Engineering
Co., A Shares
204,100
267,748
Sinoma Science & Technology Co.
Ltd., A Shares
158,200
1,664,721
Sinomine Resource Group Co. Ltd.,
A Shares
62,860
575,380
Sinopec Engineering Group Co. Ltd.,
H Shares
1,884,827
1,327,512
Sinopec Oilfield Service Corp.,
H Shares *
3,402,000
303,851
Sinopec Shanghai Petrochemical Co.
Ltd., A Shares
911,700
366,759
Sinopec Shanghai Petrochemical Co.
Ltd., H Shares
3,487,188
502,784
Sinopharm Group Co. Ltd., H Shares
1,531,735
3,306,831
Sinosoft Co. Ltd., A Shares
75,400
165,153
Sinotrans Ltd., H Shares
2,298,044
1,436,754
Sinotruk Hong Kong Ltd.
898,017
4,269,287
Skshu Paint Co. Ltd., A Shares
66,679
357,879
Skyverse Technology Co., Ltd.,
A Shares *
10,598
341,524
Smartsens Technology Shanghai Co.
Ltd., A Shares
23,005
336,427
Smoore International Holdings
Ltd. (a)
2,172,424
2,522,400
Songcheng Performance
Development Co. Ltd., A Shares
244,300
243,525
SooChow Securities Co. Ltd.,
A Shares
454,285
526,750
Southwest Securities Co. Ltd.,
A Shares
620,000
364,951
SPIC Industry-Finance Holdings Co.
Ltd., A Shares
415,700
375,033
Spring Airlines Co. Ltd., A Shares
84,600
613,093
StarPower Semiconductor Ltd.,
A Shares
20,580
391,728
State Grid Yingda Co. Ltd., A Shares
235,700
187,892
STO Express Co. Ltd., A Shares
130,200
294,620
Sun Art Retail Group Ltd.
2,506,573
486,129
Sungrow Power Supply Co. Ltd.,
A Shares
173,600
4,569,887
Sunny Optical Technology Group Co.
Ltd.
796,130
8,512,478
Sunresin New Materials Co. Ltd.,
A Shares
58,800
521,695
Sunshine Insurance Group Co. Ltd.,
H Shares
3,814,415
1,722,897
Sunwoda Electronic Co. Ltd.,
A Shares
174,300
587,492
Suofeiya Home Collection Co. Ltd.,
A Shares
83,300
114,328
SUPCON Technology Co. Ltd.,
A Shares *
66,386
842,411
SECURITY
NUMBER
OF SHARES
VALUE ($)
Suzhou Centec Communications Co.
Ltd., A Shares *
19,085
794,624
Suzhou Dongshan Precision
Manufacturing Co. Ltd.,
A Shares *
157,600
4,965,899
Suzhou Maxwell Technologies Co.
Ltd., A Shares
26,060
962,240
Suzhou Nanomicro Technology Co.
Ltd., A Shares
109,347
616,643
Suzhou Novosense Microelectronics
Co. Ltd., A Shares *
9,567
363,383
Suzhou TFC Optical Communication
Co. Ltd., A Shares
64,784
4,361,443
Taiji Computer Corp. Ltd., A Shares
59,600
135,482
TAL Education Group, ADR *
495,490
4,811,208
Talkweb Information System Co. Ltd.,
A Shares *
103,100
452,567
TangShan Port Group Co. Ltd.,
A Shares
598,600
388,652
Tangshan Sanyou Chemical
Industries Co., Ltd., A Shares
209,100
192,356
Tasly Pharmaceutical Group Co. Ltd.,
A Shares
85,100
177,086
TBEA Co. Ltd., A Shares
441,723
1,656,106
TCL Technology Group Corp.,
A Shares
1,770,450
1,120,695
TCL Zhonghuan Renewable Energy
Technology Co. Ltd., A Shares *
282,900
407,941
Tencent Holdings Ltd.
7,355,740
400,945,738
Tencent Music Entertainment Group,
ADR
590,033
5,440,104
Thunder Software Technology Co.
Ltd., A Shares
40,400
377,504
Tian Di Science & Technology Co.
Ltd., A Shares *
299,200
239,840
Tianfeng Securities Co. Ltd.,
A Shares *
1,056,600
523,499
Tianjin Chase Sun Pharmaceutical
Co. Ltd., A Shares
302,500
145,849
Tianma Microelectronics Co. Ltd.,
A Shares *
229,000
258,078
Tianneng Battery Group Co., Ltd.,
A Shares
96,503
350,248
Tianqi Lithium Corp., A Shares *
134,300
1,248,961
Tianqi Lithium Corp., H Shares *(a)
215,290
1,348,206
Tianshan Aluminum Group Co. Ltd.,
A Shares
375,100
828,261
TianShan Material Co. Ltd.,
A Shares *
197,300
126,642
Tianshui Huatian Technology Co.
Ltd., A Shares *
324,700
928,750
Tibet Summit Resources Co., Ltd.,
A Shares
93,200
250,180
Tingyi Cayman Islands Holding Corp.
2,281,719
3,479,029
Titan Wind Energy Suzhou Co. Ltd.,
A Shares *
167,900
273,896
Tongcheng Travel Holdings Ltd.
1,519,683
2,745,644
TongFu Microelectronics Co. Ltd.,
A Shares
148,100
1,445,637
Tonghua Dongbao Pharmaceutical
Co. Ltd., A Shares
121,000
150,502
Tongkun Group Co. Ltd., A Shares
224,000
632,101
Tongling Nonferrous Metals Group
Co. Ltd., A Shares
1,115,600
1,138,460
Tongwei Co. Ltd., A Shares *
380,000
830,088
Topchoice Medical Corp., A Shares
42,998
237,901
50
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Topsec Technologies Group, Inc.,
A Shares
156,800
153,520
Topsports International Holdings Ltd.
3,542,236
1,265,504
Towngas Smart Energy Co. Ltd. *(a)
1,567,994
658,216
TravelSky Technology Ltd., H Shares
1,131,048
1,330,577
Triangle Tyre Co. Ltd., A Shares
88,400
186,829
Trina Solar Co. Ltd., A Shares *
213,856
487,715
Trip.com Group Ltd. *
704,832
33,166,872
Tsinghua Tongfang Co. Ltd.,
A Shares *
288,600
341,038
Tsingtao Brewery Co. Ltd., A Shares
69,800
631,162
Tsingtao Brewery Co. Ltd.,
H Shares *
736,732
4,675,664
UBTech Robotics Corp., Ltd.,
H Shares *
332,250
4,332,553
Unigroup Guoxin Microelectronics
Co. Ltd., A Shares
81,679
957,952
Uni-President China Holdings Ltd.
1,538,595
1,543,032
Unisplendour Corp. Ltd., A Shares
246,800
1,045,390
United Nova Technology Co. Ltd.,
A Shares *
769,098
916,805
Universal Scientific Industrial
Shanghai Co. Ltd., A Shares
201,400
1,335,031
Valiant Co. Ltd., A Shares
84,400
185,366
Vanchip Tianjin Technology Co. Ltd.,
A Shares *
21,658
94,429
Verisilicon Microelectronics Shanghai
Co. Ltd., A Shares *
48,078
1,755,182
Victory Giant Technology Huizhou
Co. Ltd., A Shares
72,200
3,935,124
Vipshop Holdings Ltd., ADR
268,591
3,819,364
Visual China Group Co. Ltd.,
A Shares
48,000
146,170
VOYAH Automobile Technology Co.,
Ltd., H Shares *
925,239
622,146
Walvax Biotechnology Co. Ltd.,
A Shares
162,200
308,738
Wangfujing Group Co. Ltd., A Shares
82,500
136,413
Wangsu Science & Technology Co.
Ltd., A Shares *
229,600
504,604
Wanhua Chemical Group Co. Ltd.,
A Shares
270,100
2,934,111
Want Want China Holdings Ltd.
5,173,688
2,746,133
Wanxiang Qianchao Co. Ltd.,
A Shares
304,900
666,488
Weibo Corp., A Shares
88,365
669,722
Weichai Power Co. Ltd., A Shares
579,900
3,030,957
Weichai Power Co. Ltd., H Shares
2,301,091
12,225,665
Weifu High-Technology Group Co.
Ltd., A Shares
89,000
253,780
Weihai Guangwei Composites Co.
Ltd., A Shares *
73,120
323,562
Wens Foodstuff Group Co. Ltd.,
A Shares
561,320
1,135,682
Western Mining Co. Ltd., A Shares
218,400
986,142
Western Securities Co. Ltd.,
A Shares
431,500
420,558
Western Superconducting
Technologies Co. Ltd., A Shares
63,280
632,290
Winner Medical Co. Ltd., A Shares
43,600
188,936
Winning Health Technology Group
Co. Ltd., A Shares
212,700
246,629
Wintime Energy Group Co. Ltd.,
A Shares *
1,523,300
410,031
Wolong Electric Group Co. Ltd.,
A Shares
145,440
848,792
SECURITY
NUMBER
OF SHARES
VALUE ($)
Wonders Information Co. Ltd.,
A Shares *
115,200
89,789
Wuchan Zhongda Group Co. Ltd.,
A Shares
442,243
325,070
Wuhan Guide Infrared Co. Ltd.,
A Shares *
363,836
692,539
Wuliangye Yibin Co. Ltd., A Shares
330,800
4,153,194
WUS Printed Circuit Kunshan Co.
Ltd., A Shares
155,500
3,036,659
WuXi AppTec Co. Ltd., A Shares
206,751
3,106,716
WuXi AppTec Co. Ltd., H Shares
517,249
8,599,477
Wuxi Autowell Technology Co. Ltd.,
A Shares
20,787
198,264
Wuxi Biologics Cayman, Inc. *
4,410,750
18,763,162
WuXi XDC Cayman, Inc. *
467,044
3,271,584
XCMG Construction Machinery Co.
Ltd., A Shares
1,061,100
1,530,105
Xiamen C & D, Inc., A Shares
328,600
470,925
Xiamen Faratronic Co. Ltd., A Shares
22,000
539,730
Xiamen Intretech, Inc., A Shares
102,400
288,658
Xiamen ITG Group Corp. Ltd.,
A Shares
178,800
156,813
Xiamen Tungsten Co. Ltd., A Shares
120,800
971,374
Xi'An Shaangu Power Co. Ltd.,
A Shares
182,800
259,542
Xiangcai Co. Ltd., A Shares *
198,500
248,953
Xiaomi Corp., B Shares *
20,435,790
73,113,475
Xinfengming Group Co., Ltd.,
A Shares
94,300
236,815
Xinhua Winshare Publishing & Media
Co. Ltd., H Shares
231,697
289,717
Xinjiang Daqo New Energy Co. Ltd.,
A Shares *
160,595
462,443
Xinxing Ductile Iron Pipes Co. Ltd.,
A Shares
337,600
224,186
Xinyi Solar Holdings Ltd.
5,354,419
1,824,112
XPeng, Inc., A Shares *
1,734,983
14,134,619
Xtep International Holdings Ltd.
1,462,769
791,352
Xuji Electric Co. Ltd., A Shares
91,400
359,844
Yadea Group Holdings Ltd.
1,398,045
2,010,356
Yangling Metron New Material, Inc.,
A Shares
72,100
212,308
Yangtze Optical Fibre & Cable Joint
Stock Co. Ltd., A Shares
34,200
2,037,448
Yangtze Optical Fibre & Cable Joint
Stock Co. Ltd., H Shares
462,566
13,409,421
Yangzhou Yangjie Electronic
Technology Co. Ltd., A Shares
49,900
790,554
Yangzijiang Financial Holding Ltd. *
3,200,284
602,241
Yangzijiang Shipbuilding Holdings
Ltd.
3,133,494
8,943,363
Yankuang Energy Group Co. Ltd.,
A Shares
390,790
1,259,970
Yankuang Energy Group Co. Ltd.,
H Shares
3,789,014
7,039,075
Yantai Changyu Pioneer Wine Co.
Ltd., A Shares
62,483
168,557
Yantai Eddie Precision Machinery Co.
Ltd., A Shares
86,520
280,106
Yantai Jereh Oilfield Services Group
Co. Ltd., A Shares
81,700
1,696,482
Yealink Network Technology Corp.
Ltd., A Shares
104,930
561,007
Yifan Pharmaceutical Co. Ltd.,
A Shares
124,700
193,280
Yifeng Pharmacy Chain Co. Ltd.,
A Shares
114,676
358,540
  
51

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Yihai International Holding Ltd.
630,850
1,110,793
Yihai Kerry Arawana Holdings Co.
Ltd., A Shares
142,000
561,998
Yili Chuanning Biotechnology Co.
Ltd., A Shares
112,400
147,951
Yonfer Agricultural Technology Co.
Ltd., A Shares
104,800
201,805
Yonghui Superstores Co. Ltd.,
A Shares *
680,000
372,110
YongXing Special Materials
Technology Co. Ltd., A Shares
41,860
386,689
Yonyou Network Technology Co. Ltd.,
A Shares *
334,740
513,389
Youngor Fashion Co. Ltd., A Shares
468,900
517,344
Youngy Co. Ltd., A Shares
27,400
328,648
YTO Express Group Co. Ltd.,
A Shares
271,800
753,721
Yuan Longping High-tech Agriculture
Co. Ltd., A Shares
116,200
145,906
Yuanjie Semiconductor Technology
Co., Ltd., A Shares
8,106
1,358,051
Yuexiu Property Co. Ltd.
1,643,407
916,336
Yum China Holdings, Inc.
417,232
18,259,956
YUNDA Holding Group Co. Ltd.,
A Shares
371,200
378,806
Yunnan Aluminium Co. Ltd., A Shares
256,900
1,082,472
Yunnan Baiyao Group Co. Ltd.,
A Shares
155,840
1,151,033
Yunnan Botanee Bio-Technology
Group Co. Ltd., A Shares
18,000
100,496
Yunnan Chihong Zinc&Germanium
Co. Ltd., A Shares
470,100
661,892
Yunnan Copper Co. Ltd., A Shares
185,800
486,933
Yunnan Energy New Material Group
Co. Ltd., A Shares *
76,600
798,350
Yunnan Tin Co. Ltd., A Shares
149,200
827,485
Yunnan Yuntianhua Co. Ltd.,
A Shares
143,700
651,187
Yutong Bus Co. Ltd., A Shares
186,800
892,359
Zai Lab Ltd. *
1,220,188
2,165,618
Zangge Mining Co. Ltd., A Shares
131,100
1,496,469
ZCZL Industrial Technology Group
Co. Ltd., A Shares
162,400
436,176
Zhangzhou Pientzehuang
Pharmaceutical Co. Ltd.,
A Shares
51,800
983,759
Zhaojin Mining Industry Co. Ltd.,
H Shares
1,997,742
5,495,613
Zhefu Holding Group Co. Ltd.,
A Shares
533,400
406,275
Zhejiang China Commodities City
Group Co. Ltd., A Shares
446,700
846,302
Zhejiang Chint Electrics Co. Ltd.,
A Shares
183,800
792,128
Zhejiang Crystal-Optech Co. Ltd.,
A Shares
132,400
770,732
Zhejiang Dahua Technology Co. Ltd.,
A Shares
290,600
717,319
Zhejiang Daily Digital Culture Group
Co. Ltd., A Shares
103,200
186,209
Zhejiang Dingli Machinery Co. Ltd.,
A Shares
34,600
261,645
Zhejiang Expressway Co. Ltd.,
H Shares
2,035,090
1,744,942
Zhejiang Hailiang Co. Ltd., A Shares
123,600
374,925
Zhejiang HangKe Technology, Inc.
Co., A Shares
44,364
260,156
SECURITY
NUMBER
OF SHARES
VALUE ($)
Zhejiang Huace Film & Television Co.
Ltd., A Shares
223,900
279,484
Zhejiang Huahai Pharmaceutical Co.
Ltd., A Shares
140,250
331,052
Zhejiang Huayou Cobalt Co. Ltd.,
A Shares
159,860
1,295,629
Zhejiang Jingsheng Mechanical &
Electrical Co. Ltd., A Shares
127,800
960,563
Zhejiang Jiuzhou Pharmaceutical Co.
Ltd., A Shares
74,200
138,711
Zhejiang Juhua Co. Ltd., A Shares
201,800
985,504
Zhejiang Leapmotor Technology Co.
Ltd., H Shares *
852,266
4,273,618
Zhejiang Longsheng Group Co. Ltd.,
A Shares
331,300
549,762
Zhejiang Medicine Co. Ltd., A Shares
86,200
162,674
Zhejiang NHU Co. Ltd., A Shares
285,468
1,240,000
Zhejiang Rongtai Electric Material
Co., Ltd., A Shares
28,990
282,335
Zhejiang Sanhua Intelligent Controls
Co. Ltd., A Shares
215,220
1,475,023
Zhejiang Sanhua Intelligent Controls
Co. Ltd., H Shares (a)
500,412
2,006,143
Zhejiang Supor Co. Ltd., A Shares
46,200
308,503
Zhejiang Wanfeng Auto Wheel Co.
Ltd., A Shares
159,400
279,597
Zhejiang Wanliyang Co. Ltd.,
A Shares
170,900
179,457
Zhejiang Weiming Environment
Protection Co. Ltd., A Shares
203,520
453,608
Zhejiang Weixing New Building
Materials Co. Ltd., A Shares
155,300
230,374
Zhejiang Wolwo Bio-Pharmaceutical
Co. Ltd., A Shares
54,100
180,748
Zhejiang Yongtai Technology Co. Ltd.,
A Shares *
96,200
294,514
Zhejiang Zheneng Electric Power Co.
Ltd., A Shares
786,300
752,407
Zheshang Securities Co. Ltd.,
A Shares
328,200
458,217
ZhongAn Online P&C Insurance Co.
Ltd., H Shares *
1,181,457
1,628,057
Zhongji Innolight Co. Ltd., A Shares
92,260
15,844,031
Zhongjin Gold Corp. Ltd., A Shares
396,700
1,315,400
Zhongshan Broad Ocean Motor Co.,
Ltd., A Shares
163,200
207,094
Zhongshan Public Utilities Group Co.
Ltd., A Shares
180,100
305,252
Zhongsheng Group Holdings Ltd.
873,458
686,516
Zhongtai Securities Co. Ltd.,
A Shares
607,300
488,610
Zhuhai Huafa Properties Co. Ltd.,
A Shares
209,400
90,741
Zhuzhou CRRC Times Electric Co.
Ltd., A Shares
51,276
462,598
Zhuzhou CRRC Times Electric Co.
Ltd., H Shares
496,039
2,563,296
Zhuzhou Hongda Electronics Corp.
Ltd., A Shares
41,900
384,331
Zhuzhou Kibing Group Co. Ltd.,
A Shares
203,000
200,855
Zijin Mining Group Co. Ltd., A Shares
1,690,400
7,610,169
Zijin Mining Group Co. Ltd., H Shares
7,141,628
29,869,927
ZJLD Group, Inc. *(a)
712,713
662,024
Zoomlion Heavy Industry Science &
Technology Co. Ltd., A Shares
494,100
526,878
52
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Zoomlion Heavy Industry Science &
Technology Co. Ltd., H Shares
1,678,972
1,544,567
ZTE Corp., A Shares *
353,600
1,920,327
ZTE Corp., H Shares *(a)
916,931
3,133,107
ZTO Express Cayman, Inc.
522,827
11,587,395
 
3,482,171,207
 
Colombia 0.1%
Cementos Argos SA
780,285
2,283,086
Ecopetrol SA
5,772,167
4,190,778
Grupo Cibest SA
249,447
5,174,472
Interconexion Electrica SA ESP
521,381
4,297,702
 
15,946,038
 
Czech Republic 0.1%
CEZ AS
168,593
10,172,501
Colt CZ Group SE
17,480
888,435
Komercni Banka AS
87,222
4,141,916
Moneta Money Bank AS
348,472
3,107,022
 
18,309,874
 
Egypt 0.1%
Commercial International Bank -
Egypt (CIB), GDR
3,543,148
8,627,565
 
Greece 0.8%
Aegean Airlines SA
35,904
519,118
Aktor SA Holding Co. Technical &
Energy Projects *
79,024
955,368
Allwyn AG
218,734
3,214,893
Alpha Bank SA
1,943,996
8,870,013
Athens International Airport SA
67,328
799,040
Athens Water Supply & Sewage Co.
SA
54,649
661,960
Autohellas Tourist & Trading SA
29,174
374,490
Ballys Intralot SA *
805,208
1,113,470
Bank of Cyprus Holdings PLC
482,312
5,290,638
Cenergy Holdings SA
81,910
2,387,709
Ellaktor SA
129,527
219,472
Eurobank SA
2,914,414
13,573,289
FF Group *(b)
50,437
0
GEK Terna SA
74,859
3,735,372
Hellenic Telecommunications
Organization SA
160,086
3,398,116
HELLENiQ ENERGY Holdings SA
110,823
1,332,046
Holding Co. ADMIE IPTO SA
182,786
844,676
Jumbo SA
134,539
3,654,966
LAMDA Development SA *
122,014
879,222
Motor Oil Hellas Corinth Refineries
SA
76,002
3,279,775
National Bank of Greece SA
985,248
17,044,819
Optima bank SA
226,596
2,813,494
Piraeus Bank SA *
1,258,331
13,435,942
Piraeus Port Authority SA
7,099
334,681
Public Power Corp. SA
359,754
9,051,207
Quest Holdings SA
39,568
352,307
Sarantis SA
44,137
780,826
Titan SA
47,204
2,809,319
Viohalco SA
63,031
1,533,601
 
103,259,829
 
SECURITY
NUMBER
OF SHARES
VALUE ($)
Hong Kong 0.0%
China Huishan Dairy Holdings Co.
Ltd. *(b)
3,872,695
0
 
Hungary 0.4%
4iG Nyrt *
33,270
244,318
Magyar Telekom Telecommunications
PLC
384,842
3,335,998
MOL Hungarian Oil & Gas PLC
531,856
6,756,059
Opus Global Nyrt
488,483
569,955
OTP Bank Nyrt
274,245
37,575,640
Richter Gedeon Nyrt
168,063
7,112,541
 
55,594,511
 
Iceland 0.1%
Alvotech SA *
133,299
459,951
Arion Banki Hf.
1,631,369
2,628,671
Festi Hf.
301,147
798,941
Hagar Hf.
1,501,201
1,539,318
Islandsbanki Hf.
2,344,832
2,801,280
Kvika banki Hf.
4,995,158
660,574
Reitir fasteignafelag Hf.
937,279
922,939
 
9,811,674
 
India 15.4%
360 ONE WAM Ltd.
309,582
3,599,298
3M India Ltd.
3,873
1,337,612
Aarti Industries Ltd.
267,256
1,336,280
ABB India Ltd.
63,649
4,859,434
ACC Ltd.
67,297
991,249
Adani Energy Solutions Ltd. *
422,411
6,728,785
Adani Enterprises Ltd.
311,032
9,617,109
Adani Green Energy Ltd. *
373,076
5,794,067
Adani Ports & Special Economic
Zone Ltd.
935,733
17,774,987
Adani Power Ltd. *
6,326,974
16,208,375
Adani Total Gas Ltd.
269,693
2,195,301
Aditya Birla Capital Ltd. *
767,972
2,936,887
AIA Engineering Ltd.
34,377
1,629,687
Ajanta Pharma Ltd.
46,924
1,446,692
Alkem Laboratories Ltd.
50,493
2,922,216
Ambuja Cements Ltd.
963,189
4,540,676
Apar Industries Ltd.
19,787
2,732,272
APL Apollo Tubes Ltd.
209,385
4,035,841
Apollo Hospitals Enterprise Ltd.
118,121
10,166,488
Ashok Leyland Ltd.
3,378,606
5,528,111
Asian Paints Ltd.
545,231
15,333,044
Astral Ltd.
148,019
2,458,985
AU Small Finance Bank Ltd.
621,941
6,446,582
Aurobindo Pharma Ltd.
332,968
4,999,427
Authum Investment & Infrastucture
Ltd. *
197,218
993,875
Avenue Supermarts Ltd. *
174,038
7,427,759
AWL Agri Business Ltd. *
421,971
854,158
Axis Bank Ltd.
2,736,269
37,057,723
Bajaj Auto Ltd.
79,593
8,763,608
Bajaj Finance Ltd. *
3,310,209
31,647,340
Bajaj Finserv Ltd.
466,999
8,767,783
Bajaj Holdings & Investment Ltd.
33,121
3,612,281
Bajaj Housing Finance Ltd. *
1,163,033
1,039,262
Balkrishna Industries Ltd.
100,275
2,327,963
Bandhan Bank Ltd.
961,014
2,107,150
Bank of Baroda
1,252,386
3,539,638
Bank of India
969,892
1,428,396
Bank of Maharashtra
2,070,871
1,727,978
  
53

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Bata India Ltd.
73,351
516,507
Bayer CropScience Ltd.
17,828
846,267
Berger Paints India Ltd.
338,637
1,784,439
Bharat Dynamics Ltd.
114,795
1,455,601
Bharat Electronics Ltd.
4,274,750
18,482,669
Bharat Forge Ltd.
311,381
6,415,104
Bharat Heavy Electricals Ltd.
1,656,751
7,267,905
Bharat Petroleum Corp. Ltd.
2,325,262
7,296,427
Bharti Airtel Ltd.
3,540,282
68,159,745
Bharti Hexacom Ltd.
82,881
1,304,721
Biocon Ltd.
808,690
3,648,894
Blue Star Ltd.
146,868
2,456,561
Bosch Ltd.
10,431
4,021,425
Britannia Industries Ltd.
130,544
7,151,750
BSE Ltd. *
240,056
10,476,802
Canara Bank
2,177,578
2,998,181
Castrol India Ltd.
596,882
1,151,165
Central Bank of India Ltd.
722,646
234,061
Central Depository Services India
Ltd.
120,624
1,580,301
CG Power & Industrial Solutions Ltd.
781,167
7,544,018
Cholamandalam Financial Holdings
Ltd.
110,503
1,840,166
Cholamandalam Investment &
Finance Co. Ltd.
500,217
8,096,670
Cipla Ltd.
643,114
9,484,239
Coal India Ltd.
2,719,301
13,107,031
Cochin Shipyard Ltd.
99,096
1,530,668
Coforge Ltd.
404,888
6,059,682
Colgate-Palmolive India Ltd.
154,871
3,358,092
Container Corp. of India Ltd.
408,193
1,992,197
Coromandel International Ltd.
142,409
2,628,720
CRISIL Ltd.
22,679
942,587
Cummins India Ltd.
164,072
10,156,920
Dabur India Ltd.
740,157
3,454,585
Dalmia Bharat Ltd.
91,957
1,692,202
Deepak Nitrite Ltd.
90,663
1,605,212
Divi's Laboratories Ltd.
153,879
10,799,066
Dixon Technologies India Ltd.
47,174
5,722,454
DLF Ltd.
783,552
4,871,219
Dr. Lal PathLabs Ltd.
105,667
1,787,886
Dr. Reddy's Laboratories Ltd.
714,553
9,804,419
Eicher Motors Ltd.
158,856
12,001,153
Emami Ltd.
226,515
951,601
Embassy Office Parks REIT
1,061,775
4,774,299
Endurance Technologies Ltd.
37,706
1,080,614
Escorts Kubota Ltd.
33,729
1,015,349
Eternal Ltd. *
5,512,519
14,540,284
Exide Industries Ltd.
485,712
1,976,081
Federal Bank Ltd.
2,153,100
6,548,824
Fortis Healthcare Ltd.
597,097
5,835,523
FSN E-Commerce Ventures Ltd. *
1,393,320
3,847,030
GAIL India Ltd.
3,242,815
5,615,532
GE Vernova T&D India Ltd.
144,973
7,856,926
General Insurance Corp. of India
363,766
1,459,850
GlaxoSmithKline Pharmaceuticals
Ltd.
50,499
1,174,873
Glenmark Pharmaceuticals Ltd.
172,926
4,140,941
GMR Airports Ltd. *
3,152,609
3,330,814
Godfrey Phillips India Ltd.
46,513
1,117,683
Godrej Consumer Products Ltd.
480,787
5,209,201
Godrej Industries Ltd. *
53,391
622,314
Godrej Properties Ltd. *
172,938
3,208,819
Grasim Industries Ltd.
409,979
13,474,931
Gujarat Fluorochemicals Ltd.
42,644
1,629,001
Gujarat Gas Ltd.
467,611
1,974,549
Havells India Ltd.
265,588
3,289,936
HCL Technologies Ltd.
1,245,495
15,520,179
HDB Financial Services Ltd.
163,007
1,142,507
SECURITY
NUMBER
OF SHARES
VALUE ($)
HDFC Asset Management Co. Ltd.
225,487
6,347,578
HDFC Bank Ltd.
13,498,694
105,794,238
HDFC Life Insurance Co. Ltd.
1,135,282
7,108,060
Hero MotoCorp Ltd.
155,584
8,029,772
Hexaware Technologies Ltd.
141,195
755,022
Hindalco Industries Ltd.
1,727,312
20,485,920
Hindustan Aeronautics Ltd.
228,568
10,354,852
Hindustan Copper Ltd.
401,445
2,276,404
Hindustan Petroleum Corp. Ltd.
1,120,544
4,645,540
Hindustan Unilever Ltd.
1,054,138
23,895,644
Hindustan Zinc Ltd.
569,441
3,793,976
Hitachi Energy India Ltd.
15,546
6,291,221
Honeywell Automation India Ltd.
2,225
831,916
Housing & Urban Development Corp.
Ltd.
551,090
1,180,551
Hyundai Motor India Ltd.
170,220
3,447,403
ICICI Bank Ltd.
6,258,981
82,776,671
ICICI Lombard General Insurance Co.
Ltd.
295,243
5,569,837
ICICI Prudential Life Insurance Co.
Ltd.
468,122
2,483,264
IDBI Bank Ltd.
719,741
559,352
IDFC First Bank Ltd.
5,155,048
3,870,084
Indian Bank
329,775
2,891,606
Indian Hotels Co. Ltd.
1,005,591
6,925,346
Indian Oil Corp. Ltd.
4,403,168
6,500,003
Indian Overseas Bank *
1,449,213
509,818
Indian Railway Catering & Tourism
Corp. Ltd.
363,576
1,951,255
Indian Railway Finance Corp. Ltd.
2,327,642
2,389,141
Indian Renewable Energy
Development Agency Ltd.
925,229
1,297,755
Indraprastha Gas Ltd.
804,374
1,358,715
Indus Towers Ltd. *
1,538,844
7,160,484
IndusInd Bank Ltd. *
407,648
3,923,505
Info Edge India Ltd.
412,917
4,324,762
Infosys Ltd.
4,073,031
49,772,439
InterGlobe Aviation Ltd.
226,222
10,489,557
Ipca Laboratories Ltd.
161,888
2,597,706
IRB Infrastructure Developers Ltd.
4,777,576
1,064,142
ITC Hotels Ltd.
1,301,331
2,121,170
ITC Ltd.
3,390,996
10,240,808
Jindal Stainless Ltd.
359,316
2,591,236
Jindal Steel Ltd.
429,701
5,460,369
Jio Financial Services Ltd.
3,481,184
8,756,094
JK Cement Ltd.
38,504
2,095,834
JSW Energy Ltd.
648,753
4,063,584
JSW Infrastructure Ltd.
384,504
1,114,252
JSW Steel Ltd.
1,037,509
13,957,226
Jubilant Foodworks Ltd.
437,726
1,969,767
Kalyan Jewellers India Ltd.
483,799
1,808,135
Kansai Nerolac Paints Ltd.
268,791
616,974
Kaynes Technology India Ltd. *
33,011
1,088,877
KEI Industries Ltd.
68,051
3,773,249
Knowledge Realty Trust
194,499
237,678
Kotak Mahindra Bank Ltd.
6,479,149
26,203,043
KPIT Technologies Ltd.
192,513
1,564,320
L&T Finance Ltd.
1,001,081
3,020,103
L&T Technology Services Ltd.
34,115
1,232,593
Larsen & Toubro Ltd.
805,504
34,564,601
Laurus Labs Ltd.
428,768
6,147,179
LIC Housing Finance Ltd.
299,962
1,683,418
Linde India Ltd.
23,772
1,802,793
Lloyds Metals & Energy Ltd. *
120,155
2,279,277
Lodha Developers Ltd.
332,632
3,284,653
LTM Ltd.
111,323
4,759,468
Lupin Ltd.
288,936
6,897,054
54
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Mahindra & Mahindra Financial
Services Ltd.
737,305
2,356,660
Mahindra & Mahindra Ltd.
1,111,858
35,644,997
Malco Energy Ltd. *(b)
1,928,877
914,897
Mangalore Refinery &
Petrochemicals Ltd.
262,936
401,213
Mankind Pharma Ltd.
135,663
3,392,432
Marico Ltd.
625,346
5,408,914
Maruti Suzuki India Ltd.
156,290
21,595,988
Max Financial Services Ltd. *
308,425
5,434,773
Max Healthcare Institute Ltd.
887,524
9,016,310
Mazagon Dock Shipbuilders Ltd.
90,592
2,342,518
Metro Brands Ltd.
72,596
782,738
Motilal Oswal Financial Services Ltd.
173,471
1,605,976
Mphasis Ltd.
153,307
3,665,490
MRF Ltd.
2,708
3,518,120
Multi Commodity Exchange of India
Ltd.
150,684
4,686,272
Muthoot Finance Ltd.
127,093
4,472,202
Narayana Hrudayalaya Ltd.
69,222
1,380,068
National Aluminium Co. Ltd.
1,061,278
4,741,678
Nestle India Ltd.
859,516
12,861,074
New India Assurance Co. Ltd.
227,370
376,764
NHPC Ltd.
3,825,910
3,176,311
Nippon Life India Asset Management
Ltd.
215,707
2,498,114
NLC India Ltd.
411,963
1,507,134
NMDC Ltd.
3,947,513
3,656,228
NTPC Green Energy Ltd. *
1,035,356
1,128,211
NTPC Ltd.
5,672,956
23,103,860
Oberoi Realty Ltd.
145,552
2,615,493
Oil & Natural Gas Corp. Ltd.
4,640,813
12,964,966
Oil India Ltd.
633,141
3,173,369
One 97 Communications Ltd. *
488,058
5,747,782
Oracle Financial Services Software
Ltd.
23,668
2,482,399
Page Industries Ltd.
6,335
2,547,003
Patanjali Foods Ltd.
386,518
1,856,100
PB Fintech Ltd. *
407,329
7,299,764
Persistent Systems Ltd.
124,977
6,833,348
Petronet LNG Ltd.
873,059
2,490,975
Phoenix Mills Ltd.
218,732
4,078,085
PI Industries Ltd.
99,491
2,906,184
Pidilite Industries Ltd.
389,036
6,072,238
Piramal Finance Ltd. *
134,459
2,727,112
Polycab India Ltd.
61,851
6,170,451
Poonawalla Fincorp Ltd. *
305,207
1,229,984
Power Finance Corp. Ltd.
1,740,294
7,851,474
Power Grid Corp. of India Ltd.
5,331,210
16,305,085
Premier Energies Ltd.
139,226
1,554,935
Prestige Estates Projects Ltd.
185,529
2,673,961
Punjab National Bank
2,937,892
3,279,615
Rail Vikas Nigam Ltd.
686,210
1,772,950
RBL Bank Ltd.
525,741
1,909,270
REC Ltd.
1,471,332
5,229,424
Relaxo Footwears Ltd.
91,818
333,734
Reliance Industries Ltd.
8,100,365
112,654,760
Samvardhana Motherson
International Ltd.
5,450,077
8,360,992
SBI Cards & Payment Services Ltd.
346,968
2,280,493
SBI Life Insurance Co. Ltd.
520,709
10,031,048
Schaeffler India Ltd.
49,300
2,142,578
Shree Cement Ltd.
10,872
2,892,524
Shriram Finance Ltd.
1,650,703
16,457,509
Siemens Energy India Ltd.
100,605
4,100,554
Siemens Ltd. *
106,986
4,328,991
SJVN Ltd.
619,480
490,106
Solar Industries India Ltd.
30,621
5,881,488
SECURITY
NUMBER
OF SHARES
VALUE ($)
Sona Blw Precision Forgings Ltd.
540,447
3,455,732
SRF Ltd.
170,628
4,877,806
Star Health & Allied Insurance Co.
Ltd. *
297,976
1,655,962
State Bank of India
2,203,978
22,373,857
Steel Authority of India Ltd.
1,712,180
3,683,350
Sun Pharmaceutical Industries Ltd.
1,255,082
23,769,932
Sun TV Network Ltd.
160,830
850,114
Sundaram Finance Ltd.
81,531
3,595,002
Supreme Industries Ltd.
69,769
2,606,423
Suzlon Energy Ltd. *
12,957,679
7,773,243
Swiggy Ltd. *
1,739,897
4,723,363
Syngene International Ltd.
239,556
1,114,566
Talwandi Sabo Power Ltd. *(b)
1,928,877
588,409
Tata Communications Ltd.
137,258
2,839,073
Tata Consultancy Services Ltd.
1,204,687
28,644,921
Tata Consumer Products Ltd.
779,599
9,670,310
Tata Elxsi Ltd.
41,690
1,880,614
Tata Motors Ltd. *
2,452,778
9,798,203
Tata Motors Passenger Vehicles Ltd.
2,456,359
10,184,840
Tata Power Co. Ltd.
2,004,110
8,876,098
Tata Steel Ltd.
9,920,548
21,722,867
Tata Technologies Ltd.
203,825
1,513,240
Tech Mahindra Ltd.
747,117
11,669,968
Thermax Ltd.
37,230
1,952,694
Titan Co. Ltd.
438,791
18,821,363
Torrent Pharmaceuticals Ltd.
123,772
5,746,669
Torrent Power Ltd.
225,197
3,366,814
Trent Ltd.
216,330
9,618,715
Tube Investments of India Ltd.
129,482
4,281,629
TVS Motor Co. Ltd.
279,497
9,872,717
UltraTech Cement Ltd.
142,868
17,267,478
Union Bank of India Ltd.
1,927,047
3,405,396
United Breweries Ltd.
90,482
1,257,224
United Spirits Ltd.
359,036
4,799,744
UNO Minda Ltd.
219,310
2,543,303
UPL Ltd.
660,435
4,482,616
Varun Beverages Ltd.
1,592,834
8,852,804
Vedant Fashions Ltd.
70,122
301,414
Vedanta Aluminium Metal Ltd. *(b)
1,928,877
7,792,866
Vedanta Iron & Steel Ltd. *(b)
1,928,877
532,979
Vedanta Ltd.
1,928,877
7,159,179
Vishal Mega Mart Ltd. *
2,777,882
3,560,660
Vodafone Idea Ltd. *
31,476,237
4,635,290
Voltas Ltd.
273,849
3,590,881
WAAREE Energies Ltd.
105,821
3,498,554
Whirlpool of India Ltd.
69,050
597,828
Wipro Ltd.
3,398,081
7,305,874
Yes Bank Ltd. *
28,416,669
6,924,694
Zydus Lifesciences Ltd.
294,270
3,338,261
 
1,955,738,210
 
Indonesia 0.8%
Alamtri Resources Indonesia Tbk. PT
11,081,484
1,426,268
Amman Mineral Internasional PT *
14,428,707
2,664,507
Astra International Tbk. PT
23,916,716
6,691,862
Avia Avian Tbk. PT
23,323,644
454,204
Bank Central Asia Tbk. PT
58,328,206
18,604,968
Bank Mandiri Persero Tbk. PT
51,713,441
11,806,986
Bank Negara Indonesia Persero Tbk.
PT
14,433,543
2,988,478
Bank Rakyat Indonesia Persero Tbk.
PT
78,946,570
13,032,590
Bank Syariah Indonesia Persero Tbk.
PT
4,890,147
541,829
Barito Pacific Tbk. PT *
25,081,339
2,722,876
Bukit Asam Persero Tbk. PT
3,837,055
596,923
Bumi Serpong Damai Tbk. PT *
7,435,726
262,144
  
55

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Charoen Pokphand Indonesia Tbk.
PT
9,069,348
2,167,102
Dayamitra Telekomunikasi PT
27,654,143
804,709
Dian Swastatika Sentosa Tbk. PT *
37,322,025
1,027,557
Elang Mahkota Teknologi Tbk. PT
21,640,305
744,756
GoTo Gojek Tokopedia Tbk. PT *
952,168,580
2,664,154
Gudang Garam Tbk. PT
604,986
575,532
Indah Kiat Pulp & Paper Tbk. PT
2,881,523
1,237,588
Indocement Tunggal Prakarsa Tbk.
PT
1,407,010
385,806
Indofood CBP Sukses Makmur Tbk.
PT
2,721,659
1,081,353
Indofood Sukses Makmur Tbk. PT
4,788,222
1,855,536
Indosat Tbk. PT
7,392,912
893,603
Jasa Marga Persero Tbk. PT *
1,726,229
290,764
Kalbe Farma Tbk. PT
23,260,116
1,002,255
Mayora Indah Tbk. PT
4,381,830
451,179
Merdeka Copper Gold Tbk. PT *
14,643,180
2,122,319
Perusahaan Gas Negara Persero
Tbk. PT
13,073,743
1,335,175
Petrindo Jaya Kreasi Tbk. PT *
18,707,508
659,526
Sarana Menara Nusantara Tbk. PT
25,110,208
533,961
Semen Indonesia Persero Tbk. PT
3,745,648
354,233
Sumber Alfaria Trijaya Tbk. PT
23,580,168
1,517,470
Telkom Indonesia Persero Tbk. PT,
Class B
50,715,900
8,599,282
Tower Bersama Infrastructure Tbk.
PT
5,771,899
492,566
Trimegah Bangun Persada Tbk. PT
8,676,149
432,108
Unilever Indonesia Tbk. PT
7,746,921
741,311
United Tractors Tbk. PT
1,483,121
1,902,661
Vale Indonesia Tbk. PT *
1,755,074
464,550
XLSMART Telecom Sejahtera Tbk. PT
5,069,400
802,820
 
96,933,511
 
Kuwait 0.7%
Boubyan Bank KSCP
2,306,581
4,883,033
Burgan Bank SAK
1,860,422
1,178,548
Gulf Bank KSCP
2,690,620
3,043,688
Kuwait Finance House KSCP
15,777,892
39,776,198
Mabanee Co. KPSC
889,318
2,836,965
Mobile Telecommunications Co.
KSCP
2,693,117
5,205,184
National Bank of Kuwait SAKP
10,231,233
28,140,851
Warba Bank KSCP
2,447,357
2,198,983
 
87,263,450
 
Malaysia 1.5%
99 Speed Mart Retail Holdings Bhd.
1,739,800
1,448,005
Alliance Bank Malaysia Bhd.
1,286,430
1,515,165
AMMB Holdings Bhd.
3,374,572
5,515,063
Axiata Group Bhd.
5,705,477
2,877,920
CelcomDigi Bhd.
4,968,114
3,821,626
CIMB Group Holdings Bhd.
9,806,652
18,500,317
Dialog Group Bhd.
4,934,000
2,476,333
Fraser & Neave Holdings Bhd.
203,600
1,453,185
Gamuda Bhd.
6,233,614
6,603,072
Genting Bhd.
2,284,600
1,336,765
Genting Malaysia Bhd.
1,822,920
887,323
Hong Leong Bank Bhd.
747,907
3,938,537
IHH Healthcare Bhd.
3,588,900
8,155,357
IJM Corp. Bhd.
4,063,536
2,316,164
IOI Corp. Bhd.
3,604,492
3,627,219
Kuala Lumpur Kepong Bhd.
614,364
3,148,519
Malayan Banking Bhd.
9,056,818
24,303,794
Maxis Bhd.
3,584,924
3,354,368
SECURITY
NUMBER
OF SHARES
VALUE ($)
MISC Bhd.
2,378,000
4,887,944
Mr. DIY Group M Bhd.
4,566,800
1,819,809
Nestle Malaysia Bhd.
80,171
1,839,990
Petronas Chemicals Group Bhd.
3,323,500
4,367,071
Petronas Dagangan Bhd.
397,200
1,777,132
Petronas Gas Bhd.
1,143,936
4,933,494
PPB Group Bhd.
708,677
1,767,671
Press Metal Aluminium Holdings
Bhd.
4,369,164
9,917,396
Public Bank Bhd.
17,247,270
20,487,930
QL Resources Bhd.
2,178,975
1,978,388
RHB Bank Bhd.
2,465,539
5,105,189
SD Guthrie Bhd.
4,321,108
6,331,813
Sime Darby Bhd.
5,182,800
2,718,846
Sunway Bhd.
2,965,200
4,038,356
Sunway Healthcare Holdings bhd,
Class B *
1,676,180
748,257
Telekom Malaysia Bhd.
1,321,334
2,466,046
Tenaga Nasional Bhd.
5,336,074
19,217,941
Top Glove Corp. Bhd.
5,850,600
1,187,827
YTL Corp. Bhd.
4,477,936
2,315,200
YTL Power International Bhd.
3,719,400
3,902,321
 
197,087,353
 
Mexico 2.3%
Alpek SAB de CV *
1,774,291
1,272,836
Alsea SAB de CV
610,790
1,869,253
America Movil SAB de CV, Series B
18,813,937
23,847,040
Arca Continental SAB de CV
1,020,674
13,250,966
Banco del Bajio SA
1,037,815
3,357,453
Becle SAB de CV
718,880
591,157
Cemex SAB de CV, Series CPO
17,927,820
23,602,636
Coca-Cola Femsa SAB de CV
584,864
6,320,502
Corp. Inmobiliaria Vesta SAB de CV
976,581
3,429,673
El Puerto de Liverpool SAB de CV,
Series C1
305,649
1,801,891
Fibra Uno Administracion SA de CV
3,207,195
5,548,476
Fomento Economico Mexicano SAB
de CV
2,038,774
24,293,471
GCC SAB de CV
205,929
2,503,788
Gentera SAB de CV
1,193,823
2,953,414
Gruma SAB de CV, B Shares
184,549
3,094,379
Grupo Aeroportuario del Centro
Norte SAB de CV
339,831
4,272,543
Grupo Aeroportuario del Pacifico
SAB de CV, B Shares
478,893
11,276,291
Grupo Aeroportuario del Sureste
SAB de CV, B Shares
190,484
5,645,883
Grupo Bimbo SAB de CV, Series A
1,526,516
5,254,484
Grupo Carso SAB de CV, Series A1
648,224
5,139,529
Grupo Comercial Chedraui SA de CV
356,237
2,001,515
Grupo Financiero Banorte SAB de
CV, O Shares
3,431,554
35,776,047
Grupo Financiero Inbursa SAB de CV,
O Shares
2,116,188
5,259,672
Grupo Mexico SAB de CV, Series B
3,386,588
42,035,137
Industrias Penoles SAB de CV
221,860
12,900,439
Kimberly-Clark de Mexico SAB de
CV, A Shares
1,825,799
4,043,070
Megacable Holdings SAB de CV,
Series CPO
861,685
2,916,848
Orbia Advance Corp. SAB de CV *
1,184,398
1,603,699
Prologis Property Mexico SA de CV
1,327,259
6,380,291
Promotora y Operadora de
Infraestructura SAB de CV
237,036
3,816,016
Qualitas Controladora SAB de CV
194,681
1,956,920
Regional SAB de CV
298,414
2,319,895
56
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Sigma Foods SAB de CV, A Shares
3,002,249
2,872,237
Wal-Mart de Mexico SAB de CV
6,103,744
18,443,983
 
291,651,434
 
Philippines 0.4%
Aboitiz Power Corp.
1,435,873
1,002,355
ACEN Corp.
10,170,462
544,868
Ayala Corp.
323,893
2,295,737
Ayala Land, Inc.
7,873,839
1,863,721
Bank of the Philippine Islands
2,166,461
3,302,580
BDO Unibank, Inc.
2,556,419
4,735,377
Converge Information &
Communications Technology
Solutions, Inc.
3,096,576
552,982
DMCI Holdings, Inc.
5,472,010
808,398
Globe Telecom, Inc.
34,150
936,946
GT Capital Holdings, Inc.
126,129
982,863
International Container Terminal
Services, Inc.
1,288,898
15,745,700
JG Summit Holdings, Inc.
3,189,945
1,444,855
Jollibee Foods Corp.
485,217
999,619
LT Group, Inc.
4,148,254
1,064,043
Manila Electric Co.
296,360
2,744,809
Megaworld Corp.
14,398,366
486,198
Metropolitan Bank & Trust Co.
2,058,556
2,122,137
Monde Nissin Corp.
6,306,149
724,827
PLDT, Inc.
107,755
2,009,992
Puregold Price Club, Inc.
1,170,556
855,149
Semirara Mining & Power Corp.
1,615,782
682,014
SM Prime Holdings, Inc.
11,643,941
3,478,202
Universal Robina Corp.
1,101,935
1,107,347
 
50,490,719
 
Qatar 0.7%
Al Rayan Bank
7,197,330
4,299,421
Barwa Real Estate Co.
2,748,746
1,866,218
Commercial Bank PSQC
4,145,178
4,781,584
Dukhan Bank
2,017,773
1,920,791
Estithmar Holding QPSC *
980,678
1,154,135
Ezdan Holding Group QSC *
1,538,864
368,127
Industries Qatar QSC
2,390,692
8,076,219
Mesaieed Petrochemical Holding Co.
6,282,881
2,122,478
Nebras Energy
673,786
2,698,105
Ooredoo QPSC
1,141,931
4,202,657
Qatar Aluminum Manufacturing Co.
2,678,062
1,259,226
Qatar Fuel QSC
776,533
2,990,111
Qatar Gas Transport Co. Ltd.
3,376,185
4,024,346
Qatar International Islamic Bank QSC
1,229,547
3,714,643
Qatar Islamic Bank QPSC
2,113,928
13,225,839
Qatar National Bank QPSC
5,304,622
25,933,060
Vodafone Qatar PQSC
1,862,608
1,378,668
 
84,015,628
 
Russia 0.0%
Gazprom PJSC *(b)(c)
127,160
0
Sberbank of Russia PJSC *(b)(c)
107,550
0
 
0
 
Saudi Arabia 3.2%
ACWA Power Co. *
268,138
13,197,540
Ades Holding Co.
404,905
2,123,469
Advanced Petrochemical Co. *
149,180
1,053,475
Al Rajhi Bank
3,492,217
61,978,802
Al Rajhi Co. for Co-operative
Insurance *
57,269
1,616,156
SECURITY
NUMBER
OF SHARES
VALUE ($)
Aldrees Petroleum & Transport
Services Co.
59,056
1,808,222
Alinma Bank
1,769,636
11,317,823
Almarai Co. JSC
562,495
6,910,148
Arab National Bank
1,089,242
6,153,582
Arabian Centres Co.
305,900
1,369,482
Arabian Contracting Services Co. *
24,913
621,066
Arabian Drilling Co. *
32,204
747,473
Arabian Internet & Communications
Services Co.
26,776
1,524,104
Astra Industrial Group Co.
47,050
1,655,013
Bank AlBilad
896,998
5,827,643
Bank Al-Jazira
754,703
2,292,708
Banque Saudi Fransi
1,443,741
7,359,901
Bupa Arabia for Cooperative
Insurance Co.
89,445
4,092,551
Catrion Catering Holding Co.
52,578
1,031,216
Co. for Cooperative Insurance *
91,662
3,370,825
Dallah Healthcare Co.
48,814
1,455,601
Dar Al Arkan Real Estate
Development Co. *
658,522
2,944,625
Dr. Soliman Abdel Kader Fakeeh
Hospital Co.
54,155
519,239
Dr. Sulaiman Al Habib Medical
Services Group Co.
122,174
7,090,950
Electrical Industries Co.
654,791
2,723,788
Elm Co.
27,795
5,081,109
Etihad Etisalat Co.
446,791
7,572,325
flynas Co. SJSC *
63,513
873,333
Jabal Omar Development Co. *
660,276
2,674,464
Jamjoom Pharmaceuticals Factory
Co.
29,533
1,207,260
Jarir Marketing Co.
728,559
3,061,711
Makkah Construction & Development
Co. *
116,407
2,784,077
Mobile Telecommunications Co.
Saudi Arabia *
517,082
1,496,432
Mouwasat Medical Services Co.
117,598
2,072,991
Nahdi Medical Co.
46,269
1,213,874
National Industrialization Co.,
Class C *
396,015
1,044,755
Power & Water Utility Co. for
Jubail & Yanbu
89,152
935,566
Rabigh Refining & Petrochemical
Co. *
553,962
2,357,505
Riyad Bank
2,347,357
12,598,137
Riyadh Cables Group Co.
84,770
2,563,928
SABIC Agri-Nutrients Co.
273,088
10,093,617
Sahara International Petrochemical
Co.
425,833
1,679,456
SAL Saudi Logistics Services
50,842
2,312,724
Saudi Arabian Mining Co. *
1,589,430
26,323,902
Saudi Arabian Oil Co.
7,059,670
52,487,553
Saudi Aramco Base Oil Co.
49,065
1,664,439
Saudi Awwal Bank
1,177,732
10,708,366
Saudi Basic Industries Corp.
1,068,483
16,286,635
Saudi Energy Co.
935,211
4,199,303
Saudi Ground Services Co.
103,103
860,520
Saudi Industrial Investment Group
400,451
1,525,995
Saudi Investment Bank
807,623
2,883,907
Saudi Kayan Petrochemical Co. *
914,449
1,413,368
Saudi National Bank
3,485,938
36,600,212
Saudi Research & Media Group *
45,609
950,441
Saudi Tadawul Group Holding Co.
59,471
2,179,093
Saudi Telecom Co.
2,250,477
26,411,290
Saudia Dairy & Foodstuff Co.
20,726
1,222,815
Savola Group
173,834
1,330,414
Seera Group Holding *
199,790
1,091,429
  
57

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Taiba Investments Co.
291,525
1,527,309
Umm Al Qura for Development &
Construction Co. *
725,481
2,826,449
United Electronics Co.
54,901
1,163,095
Yanbu National Petrochemical Co.
326,002
2,957,179
 
409,022,380
 
South Africa 3.9%
Absa Group Ltd.
926,366
13,564,500
African Rainbow Minerals Ltd.
137,104
1,788,394
Anglogold Ashanti PLC
601,419
57,941,600
Aspen Pharmacare Holdings Ltd.
410,145
3,665,577
Bid Corp. Ltd.
385,451
9,684,649
Bidvest Group Ltd.
405,872
5,857,352
Capitec Bank Holdings Ltd.
100,653
27,719,709
Clicks Group Ltd.
277,419
4,016,941
Discovery Ltd.
645,027
11,085,873
DRDGOLD Ltd.
455,112
1,221,025
Exxaro Resources Ltd.
281,747
3,739,148
FirstRand Ltd.
6,277,902
35,810,374
Foschini Group Ltd.
385,741
1,354,551
Gold Fields Ltd.
1,069,303
42,353,909
Growthpoint Properties Ltd.
3,937,462
4,062,648
Harmony Gold Mining Co. Ltd.
656,619
12,005,573
Impala Platinum Holdings Ltd.
1,062,971
15,216,899
Investec Ltd.
256,171
2,198,359
Kumba Iron Ore Ltd.
56,224
1,125,896
Momentum Metropolitan Holdings
1,266,436
2,808,898
Mr. Price Group Ltd.
295,509
2,851,430
MTN Group Ltd.
1,941,778
25,994,126
Naspers Ltd., Class N
898,213
47,260,853
Nedbank Group Ltd.
514,257
8,233,459
NEPI Rockcastle NV *
769,510
6,736,675
Northam Platinum Holdings Ltd.
420,128
8,186,933
Old Mutual Ltd.
5,905,258
4,707,404
OUTsurance Group Ltd.
1,020,338
4,463,754
Pepkor Holdings Ltd.
4,142,831
5,543,353
Reinet Investments SCA
169,693
5,135,709
Remgro Ltd.
596,274
7,013,862
Sanlam Ltd.
1,946,485
10,307,473
Santam Ltd.
46,333
1,070,502
Sasol Ltd. *
733,560
9,120,185
Shoprite Holdings Ltd.
550,535
9,700,506
Sibanye Stillwater Ltd.
3,348,763
10,090,684
Standard Bank Group Ltd.
1,532,250
29,745,997
Tiger Brands Ltd.
197,111
3,374,417
Valterra Platinum Ltd.
315,040
26,261,277
Vodacom Group Ltd.
557,878
5,243,917
Woolworths Holdings Ltd.
1,038,868
3,155,394
 
491,419,785
 
Taiwan 32.7%
Accton Technology Corp.
587,000
45,535,107
Acer, Inc.
3,462,086
3,890,295
Advanced Energy Solution Holding
Co. Ltd.
37,000
1,370,130
Advantech Co. Ltd.
551,911
8,721,200
Airtac International Group
168,920
7,549,377
Alchip Technologies Ltd.
94,000
13,248,312
ASE Technology Holding Co. Ltd.
3,882,120
75,720,270
Asia Cement Corp.
2,648,061
2,874,146
Asia Vital Components Co. Ltd.
384,000
32,668,593
ASMedia Technology, Inc.
48,445
2,265,628
ASPEED Technology, Inc.
35,800
21,656,797
Asustek Computer, Inc.
815,621
19,814,132
AUO Corp.
7,215,224
5,297,606
Bizlink Holding, Inc.
213,000
14,177,108
SECURITY
NUMBER
OF SHARES
VALUE ($)
Caliway Biopharmaceuticals Co. Ltd.,
Class C *
1,172,000
3,760,068
Capital Securities Corp.
2,221,644
2,730,469
Catcher Technology Co. Ltd.
515,224
3,347,052
Cathay Financial Holding Co. Ltd.
11,131,905
30,454,558
Chailease Holding Co. Ltd.
1,783,005
6,118,754
Chang Hwa Commercial Bank Ltd.
9,018,765
5,830,074
Cheng Shin Rubber Industry Co. Ltd.
2,379,277
2,460,889
Chicony Electronics Co. Ltd.
719,984
3,114,326
China Airlines Ltd.
3,141,872
1,915,684
China Steel Corp.
12,650,956
7,713,628
Chroma ATE, Inc.
437,000
35,154,746
Chunghwa Telecom Co. Ltd.
4,487,310
19,624,953
Compal Electronics, Inc.
4,768,535
5,586,670
CTBC Financial Holding Co. Ltd.
20,992,792
40,544,091
Delta Electronics, Inc.
2,288,148
178,593,218
E Ink Holdings, Inc.
922,000
6,475,236
E.Sun Financial Holding Co. Ltd.
18,827,215
18,601,532
Eclat Textile Co. Ltd.
222,510
2,432,832
Elite Material Co. Ltd.
342,000
55,898,230
eMemory Technology, Inc.
80,000
8,708,560
Eternal Materials Co. Ltd.
996,352
2,582,681
Eva Airways Corp.
3,199,374
3,681,902
Evergreen Marine Corp. Taiwan Ltd.
1,259,088
8,561,260
Far Eastern International Bank
3,573,919
1,351,964
Far Eastern New Century Corp.
3,558,799
2,914,022
Far EasTone Telecommunications Co.
Ltd.
2,165,509
6,539,629
Feng TAY Enterprise Co. Ltd.
571,694
1,281,158
First Financial Holding Co. Ltd.
13,049,540
11,435,089
Formosa Chemicals & Fibre Corp.
4,073,008
6,488,104
Formosa Petrochemical Corp.
1,392,660
2,285,126
Formosa Plastics Corp.
4,887,560
7,403,385
Formosa Sumco Technology Corp.
66,000
672,104
Fortune Electric Co. Ltd.
166,100
4,634,288
Foxconn Technology Co. Ltd.
1,108,355
2,154,756
Fubon Financial Holding Co. Ltd.
9,842,344
34,561,550
Genius Electronic Optical Co. Ltd.
95,000
1,828,702
Giant Manufacturing Co. Ltd.
382,096
845,294
Gigabyte Technology Co. Ltd.
629,000
7,429,411
Global Unichip Corp.
99,000
14,758,903
Globalwafers Co. Ltd.
311,451
10,091,547
Gold Circuit Electronics Ltd.
412,000
17,360,936
Hiwin Technologies Corp.
352,445
4,376,661
Hon Hai Precision Industry Co. Ltd.
14,394,092
132,795,728
Hotai Motor Co. Ltd.
335,600
5,174,532
HTC Corp. *
847,778
1,224,624
Hua Nan Financial Holdings Co. Ltd.,
Class C
11,289,696
10,992,186
Innolux Corp. *
8,689,381
14,146,891
International Games System Co. Ltd.,
Class C
258,000
6,210,021
Inventec Corp.
3,092,043
6,929,224
Jentech Precision Industrial Co. Ltd.
99,000
11,203,492
KGI Financial Holding Co. Ltd.
18,955,334
13,614,947
King Slide Works Co. Ltd.
68,000
10,994,876
King Yuan Electronics Co. Ltd.
1,311,000
13,748,017
Largan Precision Co. Ltd.
111,456
12,506,356
Lite-On Technology Corp., ADR
2,311,866
17,306,430
Lotes Co. Ltd.
98,000
8,290,370
MediaTek, Inc.
1,740,713
239,500,504
Mega Financial Holding Co. Ltd.
13,930,508
17,788,074
Micro-Star International Co. Ltd.
834,095
3,488,099
momo.com, Inc.
113,974
840,465
MPI Corp.
99,000
18,835,773
Nan Ya Plastics Corp.
5,890,816
18,447,880
Nan Ya Printed Circuit Board Corp.
258,000
6,984,214
Nanya Technology Corp. *
1,326,000
14,688,417
Nien Made Enterprise Co. Ltd.
184,752
1,872,556
58
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Novatek Microelectronics Corp.
679,608
10,348,534
Parade Technologies Ltd.
88,100
2,345,546
Pegatron Corp.
2,311,657
6,530,834
PharmaEssentia Corp.
333,906
9,913,093
Phison Electronics Corp.
201,000
16,522,482
Pou Chen Corp.
2,620,792
2,129,229
Powerchip Semiconductor
Manufacturing Corp. *
3,878,000
10,980,786
Powertech Technology, Inc.
826,000
9,993,584
President Chain Store Corp.
573,400
3,917,179
Quanta Computer, Inc.
3,128,057
33,851,377
Realtek Semiconductor Corp.
573,336
10,615,469
Ruentex Development Co. Ltd.
1,835,350
1,365,139
Shanghai Commercial & Savings
Bank Ltd.
4,493,151
5,701,513
Shihlin Electric & Engineering Corp.
290,000
2,027,422
Silergy Corp.
386,000
7,393,338
Sino-American Silicon Products, Inc.
647,000
3,552,505
SinoPac Financial Holdings Co. Ltd.
15,685,832
15,022,105
Synnex Technology International
Corp.
1,455,956
3,992,486
Taiwan Business Bank
8,119,918
4,212,181
Taiwan Cooperative Financial
Holding Co. Ltd.
12,589,594
9,183,324
Taiwan Fertilizer Co. Ltd.
907,508
1,350,014
Taiwan Glass Industry Corp. *
1,199,311
2,752,724
Taiwan High Speed Rail Corp.
2,652,000
2,103,788
Taiwan Mobile Co. Ltd.
1,668,524
5,938,945
Taiwan Secom Co. Ltd.
387,000
1,408,373
Taiwan Semiconductor
Manufacturing Co. Ltd.
28,897,500
2,172,466,920
Tatung Co. Ltd.
1,279,550
1,217,238
TCC Group Holdings Co. Ltd. *
7,673,872
5,977,318
Teco Electric & Machinery Co. Ltd.
1,652,000
3,955,244
Transcend Information, Inc.
233,000
2,514,054
Tripod Technology Corp.
497,000
8,266,013
TS Financial Holding Co. Ltd.
27,138,475
20,228,995
U-Ming Marine Transport Corp.
572,000
1,259,932
Unimicron Technology Corp.
1,584,947
53,378,847
Uni-President Enterprises Corp.
5,631,676
12,908,153
United Integrated Services Co. Ltd.
187,000
6,894,862
United Microelectronics Corp.
13,841,850
63,850,452
Vanguard International
Semiconductor Corp.
1,411,580
7,570,364
Voltronic Power Technology Corp.
77,000
1,742,766
Walsin Lihwa Corp.
3,457,521
4,276,993
Walsin Technology Corp.
380,000
4,779,493
Wan Hai Lines Ltd.
1,354,910
3,546,715
Win Semiconductors Corp.
445,000
7,486,393
Winbond Electronics Corp.
3,766,703
18,998,550
Wistron Corp.
3,583,080
18,129,581
Wiwynn Corp.
123,000
21,379,866
WPG Holdings Ltd.
1,788,000
6,706,677
WT Microelectronics Co. Ltd.
1,027,000
9,458,413
Yageo Corp.
1,858,764
43,790,772
Yang Ming Marine Transport Corp.
2,144,000
3,606,927
Yuanta Financial Holding Co. Ltd.
13,007,513
24,748,137
Yulon Motor Co. Ltd.
845,408
740,817
Zhen Ding Technology Holding Ltd.
843,000
13,859,156
 
4,161,568,037
 
Thailand 1.5%
Advanced Info Service PCL NVDR
1,227,900
13,318,442
Airports of Thailand PCL NVDR
4,611,500
7,828,710
Asset World Corp. PCL NVDR
6,338,800
444,076
Bangkok Bank PCL NVDR
565,900
3,008,164
SECURITY
NUMBER
OF SHARES
VALUE ($)
Bangkok Dusit Medical Services PCL
NVDR
12,228,500
6,838,491
Bangkok Expressway & Metro PCL
NVDR
9,563,290
1,528,011
Banpu PCL NVDR
12,343,133
2,161,802
Berli Jucker PCL NVDR
2,262,850
987,324
BTS Group Holdings PCL NVDR *
4,082,200
255,882
Bumrungrad Hospital PCL NVDR
592,100
3,265,692
Carabao Group PCL NVDR
694,900
859,417
Central Pattana PCL NVDR
3,139,900
6,222,878
Central Retail Corp. PCL NVDR
4,180,100
2,710,097
Charoen Pokphand Foods PCL NVDR
5,064,100
2,956,457
CP ALL PCL NVDR
6,042,700
8,773,009
CP Axtra PCL NVDR
631,610
294,991
Delta Electronics Thailand PCL
NVDR
3,410,910
36,996,504
Digital Telecommunications
Infrastructure Fund, Class F
7,512,400
2,296,770
Electricity Generating PCL NVDR
386,000
1,381,748
Global Power Synergy PCL NVDR
267,968
333,468
Gulf Development PCL NVDR
5,024,656
9,572,244
Home Product Center PCL NVDR
7,763,319
1,443,174
Indorama Ventures PCL NVDR
1,354,100
969,443
Kasikornbank PCL NVDR
2,150,369
13,280,816
Krung Thai Bank PCL NVDR
7,567,400
8,080,109
Krungthai Card PCL NVDR
1,969,300
1,815,302
Land & Houses PCL NVDR
13,771,800
1,523,383
Minor International PCL NVDR
3,526,380
2,437,964
Muangthai Capital PCL NVDR
1,428,115
1,261,586
Osotspa PCL NVDR
2,630,863
1,236,817
PTT Exploration & Production PCL
NVDR
1,428,704
6,211,757
PTT Global Chemical PCL NVDR
2,211,414
2,276,306
PTT Oil & Retail Business PCL NVDR
2,331,700
888,403
PTT PCL NVDR
14,016,900
15,612,617
Ratch Group PCL NVDR
1,453,750
1,373,569
SCB X PCL NVDR
2,131,300
8,808,107
SCG Packaging PCL NVDR
544,500
394,844
Siam Cement PCL NVDR
706,100
4,925,018
Siam City Cement PCL NVDR
196,300
886,652
Thai Life Insurance PCL NVDR
3,447,200
1,175,724
Thai Oil PCL NVDR
1,133,726
1,611,149
Thai Union Group PCL NVDR
3,635,100
1,250,979
TMBThanachart Bank PCL NVDR
39,561,918
2,771,583
True Corp. PCL NVDR
13,157,770
5,579,267
 
197,848,746
 
Turkey 1.0%
AG Anadolu Grubu Holding AS
1,366,073
1,000,181
Ahlatci Dogal Gaz Dagitim Enerji VE
Yatirim AS *
952,608
683,344
Akbank TAS
3,665,536
5,111,906
Akcansa Cimento AS *
76,446
378,967
Akfen Yenilenebilir Enerji AS,
Class A *
477,218
222,534
Aksa Akrilik Kimya Sanayii AS
1,842,197
418,282
Aksa Enerji Uretim AS *
276,150
481,394
Alarko Holding AS
174,357
364,924
Anadolu Anonim Turk Sigorta Sirketi
893,570
533,902
Anadolu Efes Biracilik Ve Malt
Sanayii AS
2,230,687
938,126
Anadolu Hayat Emeklilik AS
80,638
178,525
Arcelik AS *
309,887
700,241
Aselsan Elektronik Sanayi Ve Ticaret
AS
1,421,194
11,775,733
Astor Transformator Enerji Turizm
Insaat Ve Petrol Sanayi Ticaret AS
514,333
3,505,154
  
59

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Aygaz AS
70,987
367,528
Baticim Bati Anadolu Cimento
Sanayii AS *
3,098,637
411,200
BIM Birlesik Magazalar AS
1,026,990
8,347,192
Borusan Birlesik Boru Fabrikalari
Sanayi ve Ticaret AS *
25,914
276,127
Borusan Yatirim ve Pazarlama AS
11,683
492,607
Cimsa Cimento Sanayi VE Ticaret AS
500,568
552,469
Coca-Cola Icecek AS
893,440
1,558,447
CVK Maden Isletmeleri Sanayi VE
Ticaret A/S *
426,439
438,967
CW Enerji Muhendislik Ticaret VE
Sanayi AS *
223,762
192,207
DAP Gayrimenkul Gelistirme A/S,
Class A *
943,419
195,296
Destek Finans Faktoring AS *
97,466
4,470,650
Dogan Sirketler Grubu Holding AS
918,969
470,981
Dogus Otomotiv Servis ve Ticaret AS
112,302
452,225
Efor Yatirim Sanayi Ticaret AS
561,000
138,503
EGE Endustri VE Ticaret AS *
1,579
193,884
EIS Eczacibasi Ilac ve Sinai ve
Finansal Yatirimlar Sanayi ve
Ticaret AS
222,473
430,967
Emlak Konut Gayrimenkul Yatirim
Ortakligi AS
2,438,249
1,014,791
Enerjisa Enerji AS
275,595
659,385
Enerya Enerji AS
3,172,738
609,082
Enka Insaat ve Sanayi AS
1,195,572
2,618,226
Eregli Demir ve Celik Fabrikalari TAS
4,493,253
3,836,107
Europower Enerji VE Otomasyon
Teknolojileri Sanayi Ticaret AS *
169,994
281,893
Ford Otomotiv Sanayi AS
787,225
1,443,505
GEN Ilac VE Saglik Urunleri Sanayi
VE Ticaret AS
2,095,080
427,309
Girsim Elektrik Sanayi Taahut Ve
Ticaret AS *
161,611
265,879
Grainturk Tarim AS
38,778
173,730
Gubre Fabrikalari TAS *
107,710
1,290,875
Haci Omer Sabanci Holding AS
1,567,164
3,141,721
Hektas Ticaret TAS *
4,117,450
358,884
Investco Holding AS *
53,263
713,783
Is Gayrimenkul Yatirim Ortakligi AS
587,010
261,708
Is Yatirim Menkul Degerler AS,
Class A
684,082
567,637
Isiklar Enerji ve Yapi Holding A/S *
555,588
1,418,881
Iskenderun Demir ve Celik AS
175,547
220,716
Kardemir Karabuk Demir Celik
Sanayi ve Ticaret AS, Class D *
1,063,988
921,361
Katilimevim Tasarruf Finansman A/S
700,018
1,925,014
Kiler Holding AS *
452,135
870,442
KOC Holding AS
1,289,216
5,312,300
Kocaer Celik Sanayi Ve Ticaret AS
322,114
91,317
Konya Cimento Sanayii AS *
1,163
97,188
Kuyumcukent Gayrimenkul Yatirimlari
AS *
385,471
643,407
LDR Turizm AS
198,523
497,046
Lydia Holding AS *
147,926
645,318
Lydia Yesil Enerji Kaynaklari
Anonimsirketi *
537
187,340
Margun Enerji Uretim Sanayi VE
Ticaret AS *
725,969
966,551
Mavi Giyim Sanayi Ve Ticaret AS,
Class B
648,150
582,169
MIA Teknoloji AS *
226,049
246,088
Migros Ticaret AS
108,780
1,562,068
MLP Saglik Hizmetleri AS *
93,464
922,588
Nuh Cimento Sanayi AS
74,299
364,276
SECURITY
NUMBER
OF SHARES
VALUE ($)
Odine Solutions Teknoloji Ticaret VE
Sanayi A/S *
24,936
686,814
Otokar Otomotiv Ve Savunma Sanayi
AS *
47,748
383,925
Oyak Cimento Fabrikalari AS
1,282,017
581,621
Pasifik Eurasia Lojistik Dis Ticaret
AS *
375,972
948,701
Pegasus Hava Tasimaciligi AS *
293,986
1,089,673
Peker Gayrimenkul Yatirim Ortakligi
AS *
4,140,297
1,208,029
Petkim Petrokimya Holding AS *
1,683,483
810,712
Politeknik Metal Sanayi ve Ticaret
AS *
633
69,863
Ral Yatirim Holding AS *
176,766
962,951
Reysas Gayrimenkul Yatirim Ortakligi
AS *
411,999
282,616
Reysas Tasimacilik ve Lojistik Ticaret
AS *
1,555,083
752,267
Sasa Polyester Sanayi AS *
12,786,281
735,552
Selcuk Ecza Deposu Ticaret ve
Sanayi AS
196,789
443,391
Sok Marketler Ticaret AS *
343,771
358,365
TAB Gida Sanayi Ve Ticaret AS,
Class A
30,098
175,111
TAV Havalimanlari Holding AS *
219,330
1,203,186
Tekfen Holding AS
231,881
711,432
Tera Yatirim Menkul Degerler AS *
225,436
1,032,083
Tera Yatirim Teknoloji Holding A/S *
1,850,572
1,143,609
Tofas Turk Otomobil Fabrikasi AS
164,399
1,060,367
Trust Anadolu Metal Madencilik
Isletmeleri AS *
248,630
584,575
Turk Altin Isletmeleri AS *
847,788
804,343
Turk Hava Yollari AO
659,316
4,263,338
Turk Telekomunikasyon AS *
676,983
903,544
Turk Traktor ve Ziraat Makineleri AS *
57,810
565,922
Turkcell Iletisim Hizmetleri AS
1,431,433
3,150,343
Turkiye Garanti Bankasi AS
709,724
1,900,670
Turkiye Halk Bankasi AS *
823,349
755,321
Turkiye Is Bankasi AS, Class C
9,550,216
2,734,475
Turkiye Petrol Rafinerileri AS
1,105,167
5,688,178
Turkiye Sigorta AS
1,805,104
496,394
Turkiye Sinai Kalkinma Bankasi AS
1,656,401
399,918
Turkiye Sise ve Cam Fabrikalari AS *
1,720,636
1,717,196
Turkiye Vakiflar Bankasi TAO,
Class D *
767,558
515,811
Ufuk Yatirim Yonetim ve Gayrimenkul
AS *
23,405
706,356
Ulker Biskuvi Sanayi AS
189,132
477,242
Yapi ve Kredi Bankasi AS *
3,959,618
2,861,101
Ziraat Gayrimenkul Yatirim Ortakligi
AS
1,199,931
428,549
Zorlu Enerji Elektrik Uretim AS *
6,244,895
420,484
 
124,435,076
 
United Arab Emirates 1.5%
Abu Dhabi Commercial Bank PJSC
3,644,248
13,593,312
Abu Dhabi Islamic Bank PJSC
1,763,108
9,821,580
Abu Dhabi National Oil Co. for
Distribution PJSC
3,069,898
3,284,833
Abu Dhabi Ports Co. PJSC *
1,047,182
1,294,419
ADNOC Drilling Co. PJSC
3,272,110
5,309,712
Adnoc Gas PLC
8,255,360
7,709,513
ADNOC Logistics & Services
1,984,554
3,236,582
Agility Global PLC
6,897,488
2,816,949
Air Arabia PJSC
2,408,550
3,200,164
Aldar Properties PJSC
4,526,628
9,613,161
60
  

Schwab Emerging Markets Equity ETF
Portfolio Holdings (Unaudited) continued
SECURITY
NUMBER
OF SHARES
VALUE ($)
Americana Restaurants International
PLC - Foreign Co.
3,601,826
1,931,905
Apex Investment Co. PSC *
899,327
832,517
Borouge PLC
3,707,973
2,554,194
Dubai Electricity & Water Authority
PJSC
10,715,895
7,614,927
Dubai Financial Market PJSC
2,833,733
1,118,726
Dubai Investments PJSC
2,787,660
2,777,907
Dubai Islamic Bank PJSC
3,454,164
6,959,395
Emaar Development PJSC
1,059,682
4,166,195
Emaar Properties PJSC
7,538,117
24,177,143
Emirates Central Cooling Systems
Corp.
3,149,138
1,363,282
Emirates NBD Bank PJSC
2,183,685
16,421,411
Emirates Telecommunications Group
Co. PJSC
4,151,339
20,390,203
Fertiglobe PLC
1,513,294
1,380,273
First Abu Dhabi Bank PJSC
5,292,600
24,208,906
Lulu Retail Holdings PLC
3,198,546
863,895
Modon Holding PSC *
3,132,099
2,592,423
NMDC Group PJSC
239,027
1,283,366
Parkin Co. PJSC
800,645
1,253,443
Phoenix Group PLC *
2,977,897
544,038
Presight AI Holding PLC *
717,190
667,817
Salik Co. PJSC
2,051,309
2,988,007
Space42 PLC *
1,325,919
638,980
Talabat Holding PLC
5,068,747
1,518,064
Two Point Zero Group PJSC *
11,898,969
6,900,582
 
195,027,824
Total Common Stocks
(Cost $6,766,490,339)
12,501,091,602
PREFERRED STOCKS 1.5% OF NET ASSETS
 
Brazil 1.3%
Axia Energia SA, Class B
275,183
3,097,182
Axia Energia SA, Class C *
461,997
4,598,780
Banco Bradesco SA
6,146,676
21,508,870
Cia Energetica de Minas Gerais
1,844,746
3,924,215
Gerdau SA
1,477,040
6,649,045
Isa Energia Brasil SA
370,153
1,978,023
Itau Unibanco Holding SA
6,533,674
51,719,645
Itausa SA
7,089,806
18,109,267
Localiza Rent a Car SA
40,638
325,220
Metalurgica Gerdau SA
953,079
1,846,541
Petroleo Brasileiro SA - Petrobras
5,428,142
45,071,758
 
158,828,546
 
Chile 0.1%
Embotelladora Andina SA, B Shares
487,609
2,465,591
Sociedad Quimica y Minera de Chile
SA, B Shares
168,117
14,394,727
 
16,860,318
 
Colombia 0.1%
Grupo Cibest SA
542,377
9,178,403
Grupo de Inversiones Suramericana
SA
159,827
1,875,827
 
11,054,230
Total Preferred Stocks
(Cost $120,436,930)
186,743,094
SECURITY
NUMBER
OF SHARES
VALUE ($)
WARRANTS 0.0% OF NET ASSETS
 
Malaysia 0.0%
YTL Corp. Bhd.
expires 06/02/28 *(b)
1,051,207
199,716
YTL Power International Bhd.
expires 06/02/28 *(b)
583,340
272,118
 
471,834
Total Warrants
(Cost $0)
471,834
 
 
 
SHORT-TERM INVESTMENTS 1.5% OF NET ASSETS
 
Money Market Funds 1.5%
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 3.56% (d)
128,816,543
128,816,543
State Street Institutional
U.S. Government Money Market
Fund, Premier Class 3.56% (d)(e)
65,749,529
65,749,529
 
194,566,072
Total Short-Term Investments
(Cost $194,566,072)
194,566,072
Total Investments in Securities
(Cost $7,081,493,341)
12,882,872,602
 
NUMBER OF
CONTRACTS
NOTIONAL
AMOUNT
($)
CURRENT VALUE/
UNREALIZED
APPRECIATION
($)
FUTURES CONTRACTS
Long
MSCI Emerging Markets Index,
expires 06/19/26
547
47,821,475
3,732,934
*
Non-income producing security.
(a)
All or a portion of this security is on loan.
(b)
Fair valued using significant unobservable inputs.
(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.
Securities on loan were valued at $59,959,687.
ADR —
American Depositary Receipt
GDR —
Global Depositary Receipt
NVDR —
Non-Voting Depositary Receipt
REIT —
Real Estate Investment Trust

  
61

Schwab Emerging Markets 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, 2026:
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
$6,959,922,356
$
$
$6,959,922,356
China
3,481,695,848
475,359
3,482,171,207
Greece
103,259,829
0
*
103,259,829
Hong Kong
0
*
0
India
1,945,909,059
9,829,151
1,955,738,210
Russia
0
*
0
Preferred Stocks1
186,743,094
186,743,094
Warrants
Malaysia
471,834
471,834
Short-Term Investments1
194,566,072
194,566,072
Futures Contracts2
3,732,934
3,732,934
Total
$12,875,829,192
$—
$10,776,344
$12,886,605,536
*
Level 3 amount shown includes securities determined to have no value.
1
As categorized in the Portfolio Holdings.
2
Futures contracts are reported at cumulative unrealized appreciation or depreciation.
62
  

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 has designated authority to a Valuation Designee, the funds’ investment adviser, to make fair valuation determinations under adopted procedures, subject to Board of Trustees 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 each fund’s 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.
● 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 and futures contracts. Mutual funds and exchange-traded funds are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2, or Level 3 in the fair value hierarchy.
● 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 forward foreign currency exchange contracts, 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. In the event that international securities whose foreign exchanges have halted or suspended trading prior to the normal exchange close, the Valuation Designee may fair value securities whose prices may have been affected by those events. The Valuation Designee seeks to establish prices that investors might expect to realize upon the current sales of these securities.
● 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
  
63

Schwab International Equity ETFs
Notes to Portfolio Holdings (Unaudited) (continued)
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.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the funds’ investments are disclosed in each fund’s Portfolio Holdings.
REG89451MAY26
64