# EDGAR Filing Document

**Accession Number:** 0001454889
**File Stem:** 0001752724-25-135730
**Filing Date:** 2025-6
**Character Count:** 94271
**Document Hash:** 76f7674166a5d1b3cad64de8770b9212
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-135730.hdr.sgml**: 20250612

**ACCESSION NUMBER**: 0001752724-25-135730

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250331

**FILED AS OF DATE**: 20250612

**DATE AS OF CHANGE**: 20250612

**EFFECTIVENESS DATE**: 20250612

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWAB STRATEGIC TRUST
- **CENTRAL INDEX KEY:** 0001454889

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22311
- **FILM NUMBER:** 251043797

**BUSINESS ADDRESS:**
- **STREET 1:** 211 MAIN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 1-415-667-7000

**MAIL ADDRESS:**
- **STREET 1:** 211 MAIN STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Schwab Strategic Trust
- **DATE OF NAME CHANGE:** 20090127

## Series and Classes Contracts Data

### Schwab Ariel ESG ETF (Series ID: S000072244)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000228159 | Schwab Ariel ESG ETF | SAEF            |

### Schwab Crypto Thematic ETF (Series ID: S000076371)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000236174 | Schwab Crypto Thematic ETF | STCE            |

## Internal

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

To the Board of Trustees of the Schwab Strategic Trust and Shareholders of Schwab Ariel ESG ETF and Schwab Crypto Thematic ETF:

In planning and performing our audits of the financial statements of Schwab Ariel ESG ETF and Schwab Crypto Thematic ETF (the "Funds"), two of the funds constituting Schwab Strategic Trust, as of and for the year ended March 31, 2025, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the trust; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the fund's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of March 31, 2025.

This report is intended solely for the information and use of management and Board of Trustees of Schwab Strategic Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Deloitte & Touche LLP

Denver, Colorado

May 19, 2025

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001454889

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000076371

**Series ID Record:2**
- **Series ID:** S000072244

**Class ID Record:1**
- **Class ID:** C000236174

**Class ID Record:2**
- **Class ID:** C000228159

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-03-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** SCHWAB STRATEGIC TRUST

- **Item B.1.b - Investment Company Act file number:** 811-22311

- **Item B.1.c - CIK:** 0001454889

- **Item B.1.d - LEI:** 549300NAZEQOIX80E226

- **Item B.2.a - Street 1:** 211 MAIN STREET

- **Item B.2.b - City:** SAN FRANCISCO

- **Item B.2.c - State:** CA

- **Item B.2.e - Zip Code:** 94105

- **Item B.2.f - Telephone:** 800-648-5300

- **Item B.2.g - Public Website:** www.schwabassetmanagement.com

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Charles Schwab Investment Management, Inc.

- **b. Street 1:** 211 Main Street

- **c. City:** San Francisco

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94105

- **g. Telephone number:** 800-648-5300

- **h. Briefly describe the books and records kept at this location:** Investment Manager and Fund Administrator

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** Ariel Investments, LLC

- **b. Street 1:** 200 East Randolph Street

- **c. City:** Chicago

- **d. State, if applicable:** IL

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 60601

- **g. Telephone number:** 800-292-7435

- **h. Briefly describe the books and records kept at this location:** Sub-Adviser

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** Schwab Strategic Trust

- **b. Street 1:** 211 Main Street

- **c. City:** San Francisco

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94105

- **g. Telephone number:** 800-648-5300

- **h. Briefly describe the books and records kept at this location:** Trust and Fund Records

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** One Congress Street

- **Street 2:** Suite 1

- **c. City:** Boston

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02114

- **g. Telephone number:** 617-786-3000

- **h. Briefly describe the books and records kept at this location:** Custodian, Transfer Agent and Fund Accountant

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** SEI Investments Distribution Co.

- **b. Street 1:** 1 Freedom Valley Drive

- **c. City:** Oaks

- **d. State, if applicable:** PA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 19456

- **g. Telephone number:** 610-676-1000

- **h. Briefly describe the books and records kept at this location:** Principal Underwriter

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** SCHFLFSETF

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 33

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                | Is Interested Person?   | Other Investment Company File Numbers                 |
|:---|:---|:---|
| Michael J. Beer     | No                      | 811-05954, 811-08314, 811-07704, 811-05547, 811-06200 |
| Nancy F. Heller     | No                      | 811-05547, 811-06200, 811-08314, 811-05954, 811-07704 |
| Richard A. Wurster  | Yes                     | 811-07704, 811-08314, 811-05547, 811-05954, 811-06200 |
| Omar Aguilar        | Yes                     | 811-05547, 811-05954, 811-07704, 811-06200, 811-08314 |
| David L. Mahoney    | No                      | 811-05547, 811-06200, 811-05954, 811-08314, 811-07704 |
| Kimberly S. Patmore | No                      | 811-07704, 811-05954, 811-06200, 811-08314, 811-05547 |
| Jean Derek Penn     | No                      | 811-07704, 811-08314, 811-06200, 811-05954, 811-05547 |
| Jane P. Moncreiff   | No                      | 811-07704, 811-05954, 811-05547, 811-08314, 811-06200 |
| Robert W. Burns     | No                      | 811-08314, 811-05954, 811-06200, 811-05547, 811-07704 |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Mark Hunter

- **b. CRD Number, if any:** 004910590

- **c. Street Address 1:** 11800 Schwab Way

- **d. City:** Austin

- **e. State, if applicable:** TX

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 78758

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** Yes

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-34323
  - IC-25790

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** SEI Investments Distribution Co.

- **ii. SEC file number:** 8-27897

- **iii. CRD number:** 000010690

- **iv. LEI, if any:** 9845004D1BC905A05108

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** No

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Deloitte & Touche LLP

- **b. PCAOB Number:** 34

- **c. LEI, if any:** 254900WYZPGQGKV3RF07

- **d. State, if applicable:** CO

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Schwab Crypto Thematic ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Schwab Crypto Thematic ETF

- **b. Series identification number, if any:** S000076371

- **c. LEI:** 549300EPEZERMIWD3885

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class      | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Schwab Crypto Thematic ETF | C000236174                                | STCE                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Goldman Sachs Bank USA

- **ii. LEI, if any:** KD3XUN7C6T14HNAYLU02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** SSGA Funds Management, Inc.

- **ii. LEI, if any:** FT3UGI3NU6B7EELQF380

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $2,783,134.99

- **g. Provide the net income from securities lending activities:** $134,201.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 6c-11 (17 CFR 270.6c-11)

- Rule 17a-7 (17 CFR 270.17a-7)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Charles Schwab Investment Management, Inc.

- **ii. SEC file number:** 801-35905

- **iii. CRD number:** 000106753

- **iv. LEI, if any:** EVQ6EP3QESDF386W4D54

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. SEC file number:** 85-05003

- **iii. LEI, if any:** 571474TGEMMWANRLN572

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company (Edinburgh, GB, Branch)

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 2**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Jung-gu, Seoul, KR, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 3**

- **i. Full name:** Mizuho Bank, Ltd. (Minato ku, Tokyo, JP, Branch)

- **ii. LEI, if any:** RB0PEZSDGCO3JS6CEU02

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 4**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch)

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 5**

- **i. Full name:** State Street Bank International GmbH

- **ii. LEI, if any:** ZMHGNT7ZPKZ3UFZ8EO46

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 6**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 7**

- **i. Full name:** The Hongkong and Shanghai Banking Corporation Limited

- **ii. LEI, if any:** 2HI3YI5320L3RW6NJ957

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 8**

- **i. Full name:** UBS Switzerland AG

- **ii. LEI, if any:** 549300WOIFUSNYH0FL22

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 9**

- **i. Full name:** BNP Paribas

- **ii. LEI, if any:** R0MUWSFPU8MPRO8K5P83

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

**Custodians Record: 10**

- **i. Full name:** State Street Trust Company Canada

- **ii. LEI, if any:** 549300L71XG2CTQ2V827

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** Yes

- **vii. With respect to the custodian, check below to indicate the type of custody:** Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Charles Schwab Investment Management, Inc.

- **ii. LEI, if any, or other identifying number:** EVQ6EP3QESDF386W4D54

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Charles Schwab, Hong Kong, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Jane Street Execution Services, LLC

- **b. SEC file number:** 8-69254

- **c. CRD number:** 000167280

- **d. LEI, if any:** 549300HXJLXCPDWAH070

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $25.09

**Broker Dealers Record: 3**

- **a. Full name:** Charles Schwab, U.K., Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** 549300PF2KTM8A12FH91

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Citadel Securities LLC

- **b. SEC file number:** 8-53574

- **c. CRD number:** 000116797

- **d. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **e. State, if applicable:** FL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $48.25

**Broker Dealers Record: 5**

- **a. Full name:** Charles Schwab Singapore Pte. Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Charles Schwab & Co., Inc.

- **b. SEC file number:** 8-16514

- **c. CRD number:** 000005393

- **d. LEI, if any:** 549300ZP8XN77GK5BS04

- **e. State, if applicable:** TX

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** SG Americas Securities, LLC

- **ii. SEC file number:** 8-66125

- **iii. CRD number:** 000128351

- **iv. LEI, if any:** 549300F35UE0BOM1WJ55

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,576.09

**Brokers Record: 2**

- **i. Full name of broker:** Piper Sandler & Co.

- **ii. SEC file number:** 8-15204

- **iii. CRD number:** 000000665

- **iv. LEI, if any:** 549300GRQCWQ3XGH0H10

- **v. State, if applicable:** MN

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $3,015.10

**Brokers Record: 3**

- **i. Full name of broker:** Oppenheimer & Co. Inc.

- **ii. SEC file number:** 8-4077

- **iii. CRD number:** 000000249

- **iv. LEI, if any:** 254900VH02JQR2L8XD64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,716.10

**Brokers Record: 4**

- **i. Full name of broker:** Penserra Securities LLC

- **ii. SEC file number:** 8-67773

- **iii. CRD number:** 000145994

- **iv. LEI, if any:** 549300WY8ZBI168Y6Z05

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,775.69

**Brokers Record: 5**

- **i. Full name of broker:** Macquarie Capital (USA) Inc.

- **ii. SEC file number:** 8-47198

- **iii. CRD number:** 000036368

- **iv. LEI, if any:** 549300670K07JRB5UQ40

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,376.34

**Brokers Record: 6**

- **i. Full name of broker:** RBC Capital Markets, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,236.48

**Brokers Record: 7**

- **i. Full name of broker:** BTIG, LLC

- **ii. SEC file number:** 8-65473

- **iii. CRD number:** 000122225

- **iv. LEI, if any:** 549300GTG9PL6WO3EC51

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $7,461.98

**Brokers Record: 8**

- **i. Full name of broker:** Instinet, LLC

- **ii. SEC file number:** 8-23669

- **iii. CRD number:** 000007897

- **iv. LEI, if any:** 549300MGMN3RKMU8FT57

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,960.88

**Brokers Record: 9**

- **i. Full name of broker:** Mizuho Securities USA LLC

- **ii. SEC file number:** 8-37710

- **iii. CRD number:** 000019647

- **iv. LEI, if any:** 7TK5RJIZDFROZCA6XF66

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,920.41

**Brokers Record: 10**

- **i. Full name of broker:** Wells Fargo Securities, LLC

- **ii. SEC file number:** 8-65876

- **iii. CRD number:** 000126292

- **iv. LEI, if any:** VYVVCKR63DVZZN70PB21

- **v. State, if applicable:** NC

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $4,606.95

**Aggregate Commission:** $36,679.32

**Item C.17.a. Principal transaction counterparties.**

| Name                  | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BofA Securities, Inc. | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $131,263.84               |
| Barclays Capital Inc. | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $747,768.81               |
| UBS Securities LLC    | 8-22651           |    000007654 | T6FIZBDPKLYJKFCRVK44 | NY      | US        | $29,322.32                |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $908,354.97

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $63,653,657.88

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $400,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** State Street Bank and Trust Company

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                              | SEC File number   |
|:---|:---|
| Schwab Monthly Income Fund - Income Payout                | 811-07704         |
| Schwab U.S. REIT ETF                                      | 811-22311         |
| Schwab U.S. TIPS ETF                                      | 811-22311         |
| Schwab Fundamental U.S. Small Company Index Fund          | 811-07704         |
| Schwab Target 2015 Fund                                   | 811-07704         |
| Schwab Fundamental International Equity Index Fund        | 811-07704         |
| Schwab Target 2060 Index Fund                             | 811-07704         |
| Schwab S&P 500 Index Fund                                 | 811-07704         |
| Schwab International Small-Cap Equity ETF                 | 811-22311         |
| Schwab VIT Balanced with Growth Portfolio                 | 811-08314         |
| Schwab Target 2010 Fund                                   | 811-07704         |
| Schwab U.S. Aggregate Bond ETF                            | 811-22311         |
| Schwab Target 2040 Index Fund                             | 811-07704         |
| Schwab Government Money Market Portfolio                  | 811-08314         |
| Schwab Fundamental International Small Equity ETF         | 811-22311         |
| Schwab Municipal Bond ETF                                 | 811-22311         |
| Schwab High Yield Bond ETF                                | 811-22311         |
| Schwab Ultra-Short Income ETF                             | 811-22311         |
| Schwab Target 2060 Fund                                   | 811-07704         |
| Schwab S&P 500 Index Portfolio                            | 811-08314         |
| Schwab Balanced Fund                                      | 811-07704         |
| Schwab 1000 Index Fund                                    | 811-06200         |
| Schwab New York Municipal Money Fund                      | 811-05954         |
| Schwab Value Advantage Money Fund                         | 811-05954         |
| Schwab VIT Growth Portfolio                               | 811-08314         |
| Schwab Target 2030 Index Fund                             | 811-07704         |
| Schwab Total Stock Market Index Fund                      | 811-07704         |
| Schwab Target 2010 Index Fund                             | 811-07704         |
| Schwab Core Bond ETF                                      | 811-22311         |
| Schwab AMT Tax-Free Money Fund                            | 811-05954         |
| Schwab Government Money Fund                              | 811-05954         |
| Schwab Municipal Money Fund                               | 811-05954         |
| Schwab U.S. Mid-Cap ETF                                   | 811-22311         |
| Schwab U.S. Small-Cap ETF                                 | 811-22311         |
| Schwab Target 2055 Fund                                   | 811-07704         |
| Schwab Target 2050 Fund                                   | 811-07704         |
| Schwab U.S. Treasury Money Fund                           | 811-05954         |
| Schwab Core Equity Fund                                   | 811-07704         |
| Schwab International Core Equity Fund                     | 811-07704         |
| Schwab MarketTrack All Equity Portfolio                   | 811-07704         |
| Schwab Small-Cap Equity Fund                              | 811-07704         |
| Schwab International Equity ETF                           | 811-22311         |
| Schwab Fundamental U.S. Small Company ETF                 | 811-22311         |
| Schwab Large-Cap Growth Fund                              | 811-07704         |
| Schwab Target 2025 Fund                                   | 811-07704         |
| Schwab Fundamental International Equity ETF               | 811-22311         |
| Schwab Target 2040 Fund                                   | 811-07704         |
| Schwab Health Care Fund                                   | 811-07704         |
| Schwab U.S. Dividend Equity ETF                           | 811-22311         |
| Schwab Target 2065 Fund                                   | 811-07704         |
| Schwab Target 2045 Fund                                   | 811-07704         |
| Schwab Short-Term Bond Index Fund                         | 811-06200         |
| Schwab Target 2035 Index Fund                             | 811-07704         |
| Schwab Fundamental International Small Equity Index Fund  | 811-07704         |
| Schwab Mortgage-Backed Securities ETF                     | 811-22311         |
| Schwab Target 2020 Index Fund                             | 811-07704         |
| Schwab Opportunistic Municipal Bond Fund                  | 811-06200         |
| Schwab Long-Term U.S. Treasury ETF                        | 811-22311         |
| Schwab Monthly Income Fund - Flexible Payout              | 811-07704         |
| Schwab Treasury Obligations Money Fund                    | 811-05954         |
| Schwab Monthly Income Fund - Target Payout                | 811-07704         |
| Schwab U.S. Large-Cap Growth ETF                          | 811-22311         |
| Schwab Fundamental U.S. Large Company Index Fund          | 811-07704         |
| Schwab Dividend Equity Fund                               | 811-07704         |
| Schwab Global Real Estate Fund                            | 811-06200         |
| Schwab Target 2045 Index Fund                             | 811-07704         |
| Schwab Fundamental U.S. Broad Market ETF                  | 811-22311         |
| Schwab U.S. Large-Cap Value ETF                           | 811-22311         |
| Schwab Select Large Cap Growth Fund                       | 811-05547         |
| Schwab U.S. Large-Cap Value Index Fund                    | 811-07704         |
| Schwab Retirement Government Money Fund                   | 811-05954         |
| Schwab U.S. Large-Cap ETF                                 | 811-22311         |
| Schwab Target 2035 Fund                                   | 811-07704         |
| Schwab Target 2020 Fund                                   | 811-07704         |
| Schwab Ariel ESG ETF                                      | 811-22311         |
| Schwab 5-10 Year Corporate Bond ETF                       | 811-22311         |
| Schwab International Dividend Equity ETF                  | 811-22311         |
| Schwab MarketTrack Balanced Portfolio                     | 811-07704         |
| Schwab Target 2050 Index Fund                             | 811-07704         |
| Schwab U.S. Mid-Cap Index Fund                            | 811-07704         |
| Schwab Target 2015 Index Fund                             | 811-07704         |
| Schwab Intermediate-Term U.S. Treasury ETF                | 811-22311         |
| Schwab U.S. Aggregate Bond Index Fund                     | 811-06200         |
| Schwab Treasury Inflation Protected Securities Index Fund | 811-06200         |
| Schwab Target 2030 Fund                                   | 811-07704         |
| Schwab International Opportunities Fund                   | 811-07704         |
| Schwab Fundamental Emerging Markets Equity ETF            | 811-22311         |
| Schwab Fundamental U.S. Large Company ETF                 | 811-22311         |
| Schwab Small-Cap Index Fund                               | 811-07704         |
| Schwab 1000 Index ETF                                     | 811-22311         |
| Schwab 1-5 Year Corporate Bond ETF                        | 811-22311         |
| Schwab Tax-Free Bond Fund                                 | 811-06200         |
| Schwab Target 2055 Index Fund                             | 811-07704         |
| Schwab International Index Fund                           | 811-07704         |
| Schwab Target 2025 Index Fund                             | 811-07704         |
| Schwab Fundamental Emerging Markets Equity Index Fund     | 811-07704         |
| Schwab California Tax-Free Bond Fund                      | 811-06200         |
| Schwab U.S. Broad Market ETF                              | 811-22311         |
| Schwab U.S. Large-Cap Growth Index Fund                   | 811-07704         |
| Schwab California Municipal Money Fund                    | 811-05954         |
| Schwab Emerging Markets Equity ETF                        | 811-22311         |
| Schwab MarketTrack Growth Portfolio                       | 811-07704         |
| Schwab Short-Term U.S. Treasury ETF                       | 811-22311         |
| Schwab Target 2065 Index Fund                             | 811-07704         |
| Schwab MarketTrack Conservative Portfolio                 | 811-07704         |
| Schwab Fundamental Global Real Estate Index Fund          | 811-07704         |
| Schwab VIT Balanced Portfolio                             | 811-08314         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 2 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 3 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 4 Name of institution:** Bank of America

  - **Line Institutions Record: 5 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 6 Name of institution:** Citibank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                              | SEC File number   |
|:---|:---|
| Schwab Total Stock Market Index Fund                      | 811-07704         |
| Schwab Fundamental U.S. Small Company Index Fund          | 811-07704         |
| Schwab High Yield Bond ETF                                | 811-22311         |
| Schwab 1000 Index ETF                                     | 811-22311         |
| Schwab Mortgage-Backed Securities ETF                     | 811-22311         |
| Schwab Fundamental U.S. Large Company ETF                 | 811-22311         |
| Schwab U.S. Large-Cap Growth Index Fund                   | 811-07704         |
| Schwab U.S. Mid-Cap Index Fund                            | 811-07704         |
| Schwab Dividend Equity Fund                               | 811-07704         |
| Schwab New York Municipal Money Fund                      | 811-05954         |
| Schwab Target 2040 Index Fund                             | 811-07704         |
| Schwab Balanced Fund                                      | 811-07704         |
| Schwab Small-Cap Index Fund                               | 811-07704         |
| Schwab U.S. REIT ETF                                      | 811-22311         |
| Schwab 1000 Index Fund                                    | 811-06200         |
| Schwab Core Bond ETF                                      | 811-22311         |
| Schwab Government Money Fund                              | 811-05954         |
| Schwab Intermediate-Term U.S. Treasury ETF                | 811-22311         |
| Schwab Target 2025 Index Fund                             | 811-07704         |
| Schwab Emerging Markets Equity ETF                        | 811-22311         |
| Schwab International Index Fund                           | 811-07704         |
| Schwab Target 2065 Fund                                   | 811-07704         |
| Schwab Fundamental Emerging Markets Equity Index Fund     | 811-07704         |
| Schwab Target 2055 Index Fund                             | 811-07704         |
| Schwab Target 2010 Index Fund                             | 811-07704         |
| Schwab California Tax-Free Bond Fund                      | 811-06200         |
| Schwab 1-5 Year Corporate Bond ETF                        | 811-22311         |
| Schwab Target 2020 Fund                                   | 811-07704         |
| Schwab U.S. Aggregate Bond Index Fund                     | 811-06200         |
| Schwab Fundamental U.S. Large Company Index Fund          | 811-07704         |
| Schwab Treasury Obligations Money Fund                    | 811-05954         |
| Schwab Health Care Fund                                   | 811-07704         |
| Schwab Government Money Market Portfolio                  | 811-08314         |
| Schwab Opportunistic Municipal Bond Fund                  | 811-06200         |
| Schwab Select Large Cap Growth Fund                       | 811-05547         |
| Schwab Municipal Bond ETF                                 | 811-22311         |
| Schwab International Small-Cap Equity ETF                 | 811-22311         |
| Schwab International Dividend Equity ETF                  | 811-22311         |
| Schwab Fundamental Emerging Markets Equity ETF            | 811-22311         |
| Schwab International Opportunities Fund                   | 811-07704         |
| Schwab Ultra-Short Income ETF                             | 811-22311         |
| Schwab Fundamental U.S. Broad Market ETF                  | 811-22311         |
| Schwab Short-Term U.S. Treasury ETF                       | 811-22311         |
| Schwab U.S. Aggregate Bond ETF                            | 811-22311         |
| Schwab Treasury Inflation Protected Securities Index Fund | 811-06200         |
| Schwab International Equity ETF                           | 811-22311         |
| Schwab International Core Equity Fund                     | 811-07704         |
| Schwab S&P 500 Index Portfolio                            | 811-08314         |
| Schwab U.S. Treasury Money Fund                           | 811-05954         |
| Schwab Target 2025 Fund                                   | 811-07704         |
| Schwab Global Real Estate Fund                            | 811-06200         |
| Schwab Tax-Free Bond Fund                                 | 811-06200         |
| Schwab Fundamental U.S. Small Company ETF                 | 811-22311         |
| Schwab Target 2020 Index Fund                             | 811-07704         |
| Schwab Fundamental International Equity ETF               | 811-22311         |
| Schwab Target 2045 Fund                                   | 811-07704         |
| Schwab U.S. Large-Cap Growth ETF                          | 811-22311         |
| Schwab Target 2030 Fund                                   | 811-07704         |
| Schwab U.S. Broad Market ETF                              | 811-22311         |
| Schwab Ariel ESG ETF                                      | 811-22311         |
| Schwab Target 2060 Fund                                   | 811-07704         |
| Schwab Target 2045 Index Fund                             | 811-07704         |
| Schwab U.S. Large-Cap Value Index Fund                    | 811-07704         |
| Schwab S&P 500 Index Fund                                 | 811-07704         |
| Schwab Target 2010 Fund                                   | 811-07704         |
| Schwab Fundamental International Small Equity ETF         | 811-22311         |
| Schwab Monthly Income Fund - Income Payout                | 811-07704         |
| Schwab MarketTrack Conservative Portfolio                 | 811-07704         |
| Schwab MarketTrack Growth Portfolio                       | 811-07704         |
| Schwab Target 2030 Index Fund                             | 811-07704         |
| Schwab Target 2050 Fund                                   | 811-07704         |
| Schwab Retirement Government Money Fund                   | 811-05954         |
| Schwab Fundamental Global Real Estate Index Fund          | 811-07704         |
| Schwab Target 2015 Index Fund                             | 811-07704         |
| Schwab 5-10 Year Corporate Bond ETF                       | 811-22311         |
| Schwab VIT Balanced with Growth Portfolio                 | 811-08314         |
| Schwab U.S. Large-Cap Value ETF                           | 811-22311         |
| Schwab Target 2040 Fund                                   | 811-07704         |
| Schwab Target 2015 Fund                                   | 811-07704         |
| Schwab U.S. Mid-Cap ETF                                   | 811-22311         |
| Schwab California Municipal Money Fund                    | 811-05954         |
| Schwab U.S. Large-Cap ETF                                 | 811-22311         |
| Schwab Fundamental International Small Equity Index Fund  | 811-07704         |
| Schwab Large-Cap Growth Fund                              | 811-07704         |
| Schwab Target 2065 Index Fund                             | 811-07704         |
| Schwab U.S. Small-Cap ETF                                 | 811-22311         |
| Schwab AMT Tax-Free Money Fund                            | 811-05954         |
| Schwab Short-Term Bond Index Fund                         | 811-06200         |
| Schwab Value Advantage Money Fund                         | 811-05954         |
| Schwab VIT Balanced Portfolio                             | 811-08314         |
| Schwab Municipal Money Fund                               | 811-05954         |
| Schwab Target 2055 Fund                                   | 811-07704         |
| Schwab Target 2035 Fund                                   | 811-07704         |
| Schwab Monthly Income Fund - Target Payout                | 811-07704         |
| Schwab Core Equity Fund                                   | 811-07704         |
| Schwab U.S. TIPS ETF                                      | 811-22311         |
| Schwab Fundamental International Equity Index Fund        | 811-07704         |
| Schwab VIT Growth Portfolio                               | 811-08314         |
| Schwab MarketTrack Balanced Portfolio                     | 811-07704         |
| Schwab Small-Cap Equity Fund                              | 811-07704         |
| Schwab Monthly Income Fund - Flexible Payout              | 811-07704         |
| Schwab Target 2050 Index Fund                             | 811-07704         |
| Schwab Long-Term U.S. Treasury ETF                        | 811-22311         |
| Schwab Target 2035 Index Fund                             | 811-07704         |
| Schwab U.S. Dividend Equity ETF                           | 811-22311         |
| Schwab Target 2060 Index Fund                             | 811-07704         |
| Schwab MarketTrack All Equity Portfolio                   | 811-07704         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

### Management Investment Record: 2 - Schwab Ariel ESG ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Schwab Ariel ESG ETF

- **b. Series identification number, if any:** S000072244

- **c. LEI:** 54930094NCCVIUH3GM08

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Schwab Ariel ESG ETF    | C000228159                                | SAEF                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** —

- **g. Provide the net income from securities lending activities:** —

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Charles Schwab Investment Management, Inc.

- **ii. SEC file number:** 801-35905

- **iii. CRD number:** 000106753

- **iv. LEI, if any:** EVQ6EP3QESDF386W4D54

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Ariel Investments, LLC

- **ii. SEC file number:** 801-18767

- **iii. CRD number:** 000108211

- **iv. LEI, if any:** 5493007TOVD6LN5SJS12

- **v. Is the sub-adviser an affiliated person?:** No

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. SEC file number:** 85-05003

- **iii. LEI, if any:** 571474TGEMMWANRLN572

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Services, Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 13-3668779

- **Description of other identifying number:** Tax ID

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** London Stock Exchange Group PLC

- **ii. LEI, if any, or provide and describe other identifying number:** 213800QAUUUP6I445N30

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** No

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** 571474TGEMMWANRLN572

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** No

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Charles Schwab Investment Management, Inc.

- **ii. LEI, if any, or other identifying number:** EVQ6EP3QESDF386W4D54

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** No

**Item C.15 - Affiliated broker-dealers.**

**Broker Dealers Record: 1**

- **a. Full name:** Charles Schwab, Hong Kong, Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 2**

- **a. Full name:** Jane Street Execution Services, LLC

- **b. SEC file number:** 8-69254

- **c. CRD number:** 000167280

- **d. LEI, if any:** 549300HXJLXCPDWAH070

- **e. State, if applicable:** NY

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 3**

- **a. Full name:** Charles Schwab, U.K., Limited

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** 549300PF2KTM8A12FH91

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 4**

- **a. Full name:** Charles Schwab & Co., Inc.

- **b. SEC file number:** 8-16514

- **c. CRD number:** 000005393

- **d. LEI, if any:** 549300ZP8XN77GK5BS04

- **e. State, if applicable:** TX

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 5**

- **a. Full name:** Charles Schwab Singapore Pte. Ltd.

- **b. SEC file number:** N/A

- **c. CRD number:** N/A

- **d. LEI, if any:** N/A

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Broker Dealers Record: 6**

- **a. Full name:** Citadel Securities LLC

- **b. SEC file number:** 8-53574

- **c. CRD number:** 000116797

- **d. LEI, if any:** 12UUJYTN7D3SW8KCSG25

- **e. State, if applicable:** FL

- **f. Foreign country, if applicable:** US

- **g. Total commissions paid to the affiliated broker-dealer for the reporting period::** $0.00

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Evercore Group L.L.C.

- **ii. SEC file number:** 8-49830

- **iii. CRD number:** 000042405

- **iv. LEI, if any:** 5493008F0LRLS5N8LZ81

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $108.04

**Brokers Record: 2**

- **i. Full name of broker:** Academy Securities, Inc.

- **ii. SEC file number:** 8-35173

- **iii. CRD number:** 000017433

- **iv. LEI, if any:** 2549000QX6RLQOZ2XC11

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2.82

**Brokers Record: 3**

- **i. Full name of broker:** Loop Capital Markets LLC

- **ii. SEC file number:** 8-50140

- **iii. CRD number:** 000043098

- **iv. LEI, if any:** 254900FPPM2WN90D4786

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,000.50

**Brokers Record: 4**

- **i. Full name of broker:** The Benchmark Company, LLC

- **ii. SEC file number:** 8-40081

- **iii. CRD number:** 000022982

- **iv. LEI, if any:** 254900WNB33E53292541

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $172.16

**Brokers Record: 5**

- **i. Full name of broker:** Stifel, Nicolaus & Company, Incorporated

- **ii. SEC file number:** 8-1447

- **iii. CRD number:** 000000793

- **iv. LEI, if any:** 5WUVMA08EYG4KEUPW589

- **v. State, if applicable:** MO

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $227.52

**Brokers Record: 6**

- **i. Full name of broker:** Stephens Inc.

- **ii. SEC file number:** 8-1927

- **iii. CRD number:** 000003496

- **iv. LEI, if any:** 213800LH6T9XDYZCA534

- **v. State, if applicable:** AR

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $35.13

**Brokers Record: 7**

- **i. Full name of broker:** Morgan Stanley & Co. LLC

- **ii. SEC file number:** 8-15869

- **iii. CRD number:** 000008209

- **iv. LEI, if any:** 9R7GPTSO7KV3UQJZQ078

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $71.37

**Brokers Record: 8**

- **i. Full name of broker:** Cabrera Capital Markets LLC

- **ii. SEC file number:** 8-26406

- **iii. CRD number:** 000010081

- **iv. LEI, if any:** 254900BIRJU76JRBK985

- **v. State, if applicable:** IL

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $21.50

**Brokers Record: 9**

- **i. Full name of broker:** CastleOak Securities, L.P.

- **ii. SEC file number:** 8-65786

- **iii. CRD number:** 000125334

- **iv. LEI, if any:** 549300MXL7C60HZ59S65

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,033.56

**Brokers Record: 10**

- **i. Full name of broker:** JonesTrading Institutional Services LLC

- **ii. SEC file number:** 8-26089

- **iii. CRD number:** 000006888

- **iv. LEI, if any:** 2138008JJ5PA8H5UIL69

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $30.46

**Aggregate Commission:** $4,703.06

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $23,991,023.60

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $1,200,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** Barclays Bank plc

  - **Line Institutions Record: 2 Name of institution:** Goldman Sachs Bank USA

  - **Line Institutions Record: 3 Name of institution:** State Street Bank and Trust Company

  - **Line Institutions Record: 4 Name of institution:** The Bank of New York Mellon

  - **Line Institutions Record: 5 Name of institution:** Bank of America

  - **Line Institutions Record: 6 Name of institution:** Citibank, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                              | SEC File number   |
|:---|:---|
| Schwab Target 2040 Fund                                   | 811-07704         |
| Schwab New York Municipal Money Fund                      | 811-05954         |
| Schwab U.S. Treasury Money Fund                           | 811-05954         |
| Schwab International Small-Cap Equity ETF                 | 811-22311         |
| Schwab Global Real Estate Fund                            | 811-06200         |
| Schwab International Index Fund                           | 811-07704         |
| Schwab Total Stock Market Index Fund                      | 811-07704         |
| Schwab AMT Tax-Free Money Fund                            | 811-05954         |
| Schwab Target 2010 Fund                                   | 811-07704         |
| Schwab Short-Term Bond Index Fund                         | 811-06200         |
| Schwab S&P 500 Index Fund                                 | 811-07704         |
| Schwab Fundamental U.S. Large Company Index Fund          | 811-07704         |
| Schwab Large-Cap Growth Fund                              | 811-07704         |
| Schwab Short-Term U.S. Treasury ETF                       | 811-22311         |
| Schwab Fundamental International Small Equity ETF         | 811-22311         |
| Schwab Dividend Equity Fund                               | 811-07704         |
| Schwab Health Care Fund                                   | 811-07704         |
| Schwab Target 2045 Index Fund                             | 811-07704         |
| Schwab Target 2015 Fund                                   | 811-07704         |
| Schwab Municipal Money Fund                               | 811-05954         |
| Schwab VIT Balanced with Growth Portfolio                 | 811-08314         |
| Schwab International Opportunities Fund                   | 811-07704         |
| Schwab Target 2035 Index Fund                             | 811-07704         |
| Schwab 1000 Index Fund                                    | 811-06200         |
| Schwab U.S. TIPS ETF                                      | 811-22311         |
| Schwab MarketTrack Conservative Portfolio                 | 811-07704         |
| Schwab U.S. Aggregate Bond Index Fund                     | 811-06200         |
| Schwab Target 2025 Fund                                   | 811-07704         |
| Schwab U.S. Small-Cap ETF                                 | 811-22311         |
| Schwab International Core Equity Fund                     | 811-07704         |
| Schwab Target 2030 Fund                                   | 811-07704         |
| Schwab Target 2050 Index Fund                             | 811-07704         |
| Schwab Core Bond ETF                                      | 811-22311         |
| Schwab VIT Balanced Portfolio                             | 811-08314         |
| Schwab Government Money Market Portfolio                  | 811-08314         |
| Schwab Target 2050 Fund                                   | 811-07704         |
| Schwab Target 2055 Fund                                   | 811-07704         |
| Schwab Target 2065 Index Fund                             | 811-07704         |
| Schwab MarketTrack Balanced Portfolio                     | 811-07704         |
| Schwab Fundamental Global Real Estate Index Fund          | 811-07704         |
| Schwab Small-Cap Index Fund                               | 811-07704         |
| Schwab Balanced Fund                                      | 811-07704         |
| Schwab Target 2030 Index Fund                             | 811-07704         |
| Schwab 1-5 Year Corporate Bond ETF                        | 811-22311         |
| Schwab Opportunistic Municipal Bond Fund                  | 811-06200         |
| Schwab Intermediate-Term U.S. Treasury ETF                | 811-22311         |
| Schwab Target 2020 Index Fund                             | 811-07704         |
| Schwab Fundamental U.S. Small Company ETF                 | 811-22311         |
| Schwab Treasury Inflation Protected Securities Index Fund | 811-06200         |
| Schwab Fundamental U.S. Small Company Index Fund          | 811-07704         |
| Schwab Fundamental International Equity Index Fund        | 811-07704         |
| Schwab Fundamental U.S. Broad Market ETF                  | 811-22311         |
| Schwab U.S. Broad Market ETF                              | 811-22311         |
| Schwab Fundamental U.S. Large Company ETF                 | 811-22311         |
| Schwab International Dividend Equity ETF                  | 811-22311         |
| Schwab U.S. Large-Cap Growth ETF                          | 811-22311         |
| Schwab U.S. Large-Cap Value Index Fund                    | 811-07704         |
| Schwab Tax-Free Bond Fund                                 | 811-06200         |
| Schwab Target 2040 Index Fund                             | 811-07704         |
| Schwab VIT Growth Portfolio                               | 811-08314         |
| Schwab U.S. REIT ETF                                      | 811-22311         |
| Schwab Ultra-Short Income ETF                             | 811-22311         |
| Schwab U.S. Large-Cap Value ETF                           | 811-22311         |
| Schwab Target 2060 Index Fund                             | 811-07704         |
| Schwab Fundamental Emerging Markets Equity Index Fund     | 811-07704         |
| Schwab Municipal Bond ETF                                 | 811-22311         |
| Schwab Mortgage-Backed Securities ETF                     | 811-22311         |
| Schwab Monthly Income Fund - Target Payout                | 811-07704         |
| Schwab Target 2055 Index Fund                             | 811-07704         |
| Schwab U.S. Mid-Cap ETF                                   | 811-22311         |
| Schwab Target 2065 Fund                                   | 811-07704         |
| Schwab Target 2035 Fund                                   | 811-07704         |
| Schwab Target 2025 Index Fund                             | 811-07704         |
| Schwab U.S. Mid-Cap Index Fund                            | 811-07704         |
| Schwab Target 2015 Index Fund                             | 811-07704         |
| Schwab U.S. Large-Cap ETF                                 | 811-22311         |
| Schwab California Municipal Money Fund                    | 811-05954         |
| Schwab High Yield Bond ETF                                | 811-22311         |
| Schwab 1000 Index ETF                                     | 811-22311         |
| Schwab Monthly Income Fund - Income Payout                | 811-07704         |
| Schwab Target 2020 Fund                                   | 811-07704         |
| Schwab 5-10 Year Corporate Bond ETF                       | 811-22311         |
| Schwab Retirement Government Money Fund                   | 811-05954         |
| Schwab Select Large Cap Growth Fund                       | 811-05547         |
| Schwab Target 2010 Index Fund                             | 811-07704         |
| Schwab Government Money Fund                              | 811-05954         |
| Schwab Monthly Income Fund - Flexible Payout              | 811-07704         |
| Schwab Long-Term U.S. Treasury ETF                        | 811-22311         |
| Schwab California Tax-Free Bond Fund                      | 811-06200         |
| Schwab Core Equity Fund                                   | 811-07704         |
| Schwab S&P 500 Index Portfolio                            | 811-08314         |
| Schwab Fundamental Emerging Markets Equity ETF            | 811-22311         |
| Schwab Small-Cap Equity Fund                              | 811-07704         |
| Schwab MarketTrack Growth Portfolio                       | 811-07704         |
| Schwab Crypto Thematic ETF                                | 811-22311         |
| Schwab Target 2045 Fund                                   | 811-07704         |
| Schwab International Equity ETF                           | 811-22311         |
| Schwab Emerging Markets Equity ETF                        | 811-22311         |
| Schwab MarketTrack All Equity Portfolio                   | 811-07704         |
| Schwab Treasury Obligations Money Fund                    | 811-05954         |
| Schwab Fundamental International Equity ETF               | 811-22311         |
| Schwab Value Advantage Money Fund                         | 811-05954         |
| Schwab Target 2060 Fund                                   | 811-07704         |
| Schwab U.S. Dividend Equity ETF                           | 811-22311         |
| Schwab U.S. Aggregate Bond ETF                            | 811-22311         |
| Schwab U.S. Large-Cap Growth Index Fund                   | 811-07704         |
| Schwab Fundamental International Small Equity Index Fund  | 811-07704         |

- **v. Did the Fund draw on the line of credit this period?** No

**Line of Credit details Record: 2**

- **i. Is the line of credit a committed or uncommitted line of credit?** Uncommitted

- **ii. What size is the line of credit?** $400,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** State Street Bank and Trust Company

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                              | SEC File number   |
|:---|:---|
| Schwab U.S. Dividend Equity ETF                           | 811-22311         |
| Schwab Target 2030 Fund                                   | 811-07704         |
| Schwab Long-Term U.S. Treasury ETF                        | 811-22311         |
| Schwab Government Money Market Portfolio                  | 811-08314         |
| Schwab International Equity ETF                           | 811-22311         |
| Schwab Municipal Bond ETF                                 | 811-22311         |
| Schwab Treasury Obligations Money Fund                    | 811-05954         |
| Schwab International Index Fund                           | 811-07704         |
| Schwab U.S. Large-Cap ETF                                 | 811-22311         |
| Schwab Target 2050 Index Fund                             | 811-07704         |
| Schwab Fundamental U.S. Large Company Index Fund          | 811-07704         |
| Schwab High Yield Bond ETF                                | 811-22311         |
| Schwab Health Care Fund                                   | 811-07704         |
| Schwab Dividend Equity Fund                               | 811-07704         |
| Schwab Fundamental International Small Equity ETF         | 811-22311         |
| Schwab Global Real Estate Fund                            | 811-06200         |
| Schwab U.S. Mid-Cap ETF                                   | 811-22311         |
| Schwab New York Municipal Money Fund                      | 811-05954         |
| Schwab Opportunistic Municipal Bond Fund                  | 811-06200         |
| Schwab S&P 500 Index Portfolio                            | 811-08314         |
| Schwab Target 2060 Index Fund                             | 811-07704         |
| Schwab U.S. Large-Cap Value Index Fund                    | 811-07704         |
| Schwab U.S. Mid-Cap Index Fund                            | 811-07704         |
| Schwab Fundamental U.S. Broad Market ETF                  | 811-22311         |
| Schwab Target 2010 Fund                                   | 811-07704         |
| Schwab MarketTrack Conservative Portfolio                 | 811-07704         |
| Schwab International Dividend Equity ETF                  | 811-22311         |
| Schwab Target 2015 Index Fund                             | 811-07704         |
| Schwab Target 2030 Index Fund                             | 811-07704         |
| Schwab U.S. Small-Cap ETF                                 | 811-22311         |
| Schwab Fundamental International Equity Index Fund        | 811-07704         |
| Schwab U.S. Large-Cap Value ETF                           | 811-22311         |
| Schwab VIT Balanced Portfolio                             | 811-08314         |
| Schwab Target 2010 Index Fund                             | 811-07704         |
| Schwab Target 2020 Fund                                   | 811-07704         |
| Schwab U.S. REIT ETF                                      | 811-22311         |
| Schwab Target 2040 Fund                                   | 811-07704         |
| Schwab Core Bond ETF                                      | 811-22311         |
| Schwab 1000 Index ETF                                     | 811-22311         |
| Schwab Target 2060 Fund                                   | 811-07704         |
| Schwab Ultra-Short Income ETF                             | 811-22311         |
| Schwab Small-Cap Equity Fund                              | 811-07704         |
| Schwab VIT Growth Portfolio                               | 811-08314         |
| Schwab Mortgage-Backed Securities ETF                     | 811-22311         |
| Schwab Fundamental International Small Equity Index Fund  | 811-07704         |
| Schwab U.S. TIPS ETF                                      | 811-22311         |
| Schwab Target 2025 Fund                                   | 811-07704         |
| Schwab 1000 Index Fund                                    | 811-06200         |
| Schwab Select Large Cap Growth Fund                       | 811-05547         |
| Schwab Short-Term Bond Index Fund                         | 811-06200         |
| Schwab U.S. Aggregate Bond ETF                            | 811-22311         |
| Schwab Emerging Markets Equity ETF                        | 811-22311         |
| Schwab Target 2055 Index Fund                             | 811-07704         |
| Schwab MarketTrack All Equity Portfolio                   | 811-07704         |
| Schwab Fundamental Emerging Markets Equity Index Fund     | 811-07704         |
| Schwab Target 2045 Fund                                   | 811-07704         |
| Schwab International Core Equity Fund                     | 811-07704         |
| Schwab Target 2065 Index Fund                             | 811-07704         |
| Schwab MarketTrack Balanced Portfolio                     | 811-07704         |
| Schwab Fundamental U.S. Large Company ETF                 | 811-22311         |
| Schwab U.S. Large-Cap Growth ETF                          | 811-22311         |
| Schwab Government Money Fund                              | 811-05954         |
| Schwab 1-5 Year Corporate Bond ETF                        | 811-22311         |
| Schwab Target 2040 Index Fund                             | 811-07704         |
| Schwab International Small-Cap Equity ETF                 | 811-22311         |
| Schwab Target 2065 Fund                                   | 811-07704         |
| Schwab Total Stock Market Index Fund                      | 811-07704         |
| Schwab Monthly Income Fund - Flexible Payout              | 811-07704         |
| Schwab Fundamental Emerging Markets Equity ETF            | 811-22311         |
| Schwab California Tax-Free Bond Fund                      | 811-06200         |
| Schwab Target 2050 Fund                                   | 811-07704         |
| Schwab Monthly Income Fund - Income Payout                | 811-07704         |
| Schwab U.S. Aggregate Bond Index Fund                     | 811-06200         |
| Schwab International Opportunities Fund                   | 811-07704         |
| Schwab AMT Tax-Free Money Fund                            | 811-05954         |
| Schwab Fundamental Global Real Estate Index Fund          | 811-07704         |
| Schwab Target 2020 Index Fund                             | 811-07704         |
| Schwab Target 2015 Fund                                   | 811-07704         |
| Schwab Small-Cap Index Fund                               | 811-07704         |
| Schwab VIT Balanced with Growth Portfolio                 | 811-08314         |
| Schwab S&P 500 Index Fund                                 | 811-07704         |
| Schwab Tax-Free Bond Fund                                 | 811-06200         |
| Schwab Target 2055 Fund                                   | 811-07704         |
| Schwab Value Advantage Money Fund                         | 811-05954         |
| Schwab U.S. Large-Cap Growth Index Fund                   | 811-07704         |
| Schwab Core Equity Fund                                   | 811-07704         |
| Schwab Target 2035 Fund                                   | 811-07704         |
| Schwab U.S. Broad Market ETF                              | 811-22311         |
| Schwab Large-Cap Growth Fund                              | 811-07704         |
| Schwab Target 2035 Index Fund                             | 811-07704         |
| Schwab Fundamental International Equity ETF               | 811-22311         |
| Schwab Short-Term U.S. Treasury ETF                       | 811-22311         |
| Schwab California Municipal Money Fund                    | 811-05954         |
| Schwab Target 2045 Index Fund                             | 811-07704         |
| Schwab Target 2025 Index Fund                             | 811-07704         |
| Schwab Municipal Money Fund                               | 811-05954         |
| Schwab Intermediate-Term U.S. Treasury ETF                | 811-22311         |
| Schwab 5-10 Year Corporate Bond ETF                       | 811-22311         |
| Schwab Treasury Inflation Protected Securities Index Fund | 811-06200         |
| Schwab Crypto Thematic ETF                                | 811-22311         |
| Schwab Monthly Income Fund - Target Payout                | 811-07704         |
| Schwab U.S. Treasury Money Fund                           | 811-05954         |
| Schwab Fundamental U.S. Small Company Index Fund          | 811-07704         |
| Schwab MarketTrack Growth Portfolio                       | 811-07704         |
| Schwab Balanced Fund                                      | 811-07704         |
| Schwab Retirement Government Money Fund                   | 811-05954         |
| Schwab Fundamental U.S. Small Company ETF                 | 811-22311         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

## Part E: Additional Questions for ETFs and ETMFs

### Schwab Crypto Thematic ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** STCE

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| HRT Financial LP                          | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| Credit Suisse Securities (Europe) Limited | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| Cowen Execution Services LLC              | $0.00            | $0.00          |
| Citigroup Global Markets Inc.             | $0.00            | $0.00          |
| Jane Street Capital, LLC                  | $33,798,931.45   | $0.00          |
| Barclays Capital Inc.                     | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $0.00            | $0.00          |
| Cantor Fitzgerald & Co.                   | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| Virtu Americas LLC                        | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| Citadel Securities LLC                    | $0.00            | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| BofA Securities, Inc.                     | $0.00            | $0.00          |
| Interactive Brokers LLC                   | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC                   | $15,834,902.20   | $12,907,799.70 |
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| UBS Securities LLC                        | $2,565,203.95    | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $39,314,295.55   | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| Cowen and Company, LLC                    | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 50,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 5.05%

- **c.i. Average percentage of value composed of cash (redeemed):** -0.41%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $500.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

### Schwab Ariel ESG ETF

**Item E.1 - Exchange**

- **Exchange:** ARCX

- **Ticker:** SAEF

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| Cowen Execution Services LLC              | $0.00            | $0.00          |
| Credit Suisse Securities (Europe) Limited | $0.00            | $0.00          |
| Morgan Stanley & Co. LLC                  | $0.00            | $0.00          |
| BofA Securities, Inc.                     | $0.00            | $0.00          |
| Citigroup Global Markets Inc.             | $0.00            | $0.00          |
| Pershing LLC                              | $0.00            | $0.00          |
| Mirae Asset Securities (USA) Inc.         | $0.00            | $0.00          |
| Mizuho Securities USA LLC                 | $0.00            | $0.00          |
| UBS Securities LLC                        | $0.00            | $0.00          |
| J.P. Morgan Securities LLC                | $0.00            | $0.00          |
| RBC Capital Markets, LLC                  | $0.00            | $0.00          |
| Cantor Fitzgerald & Co.                   | $0.00            | $0.00          |
| CIBC World Markets Corp.                  | $0.00            | $0.00          |
| Jane Street Capital, LLC                  | $0.00            | $0.00          |
| J.P. Morgan Securities LLC/JPMC           | $0.00            | $0.00          |
| Jefferies LLC                             | $0.00            | $0.00          |
| Goldman Sachs & Co. LLC                   | $0.00            | $0.00          |
| Macquarie Capital (USA) Inc.              | $0.00            | $0.00          |
| Merrill Lynch Professional Clearing Corp. | $2,911,830.94    | $1,654,424.82  |
| ABN AMRO Clearing USA LLC                 | $0.00            | $0.00          |
| Credit Suisse Securities (USA) LLC        | $0.00            | $0.00          |
| Cowen and Company, LLC                    | $0.00            | $0.00          |
| Interactive Brokers LLC                   | $0.00            | $0.00          |
| HRT Financial LP                          | $0.00            | $0.00          |
| Virtu Americas LLC                        | $0.00            | $0.00          |
| BNP Paribas Securities Corp.              | $0.00            | $0.00          |
| Wells Fargo Securities, LLC               | $0.00            | $0.00          |
| Citadel Securities LLC                    | $0.00            | $0.00          |
| Barclays Capital Inc.                     | $0.00            | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 5,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 9.27%

- **c.i. Average percentage of value composed of cash (redeemed):** 9.92%

- **d.i.2. Average transaction fee (dollars for one or more units, purchased):** $100.00

- **d.i.3. Average transaction fee (percentage of value, purchased):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** SCHWAB STRATEGIC TRUST

**Date:** 2025-06-05

**Signature:** Derek DeBenedictis

**Title:** Assistant Treasurer