# EDGAR Filing Document

**Accession Number:** 0001454889
**File Stem:** 0001410368-26-007155
**Filing Date:** 2026-1
**Character Count:** 811635
**Document Hash:** 06b4e7e0d63e86cecf87be2f10793c14
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-007155.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0001410368-26-007155

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**PERIOD START**: 20260831

**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
- **LEGAL ENTITY IDENTIFIER:** 549300NAZEQOIX80E226

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22311
- **FILM NUMBER:** 26558903

**BUSINESS ADDRESS:**
- **STREET 1:** 9800 SCHWAB WAY
- **CITY:** LONE TREE
- **STATE:** CO
- **ZIP:** 80124
- **BUSINESS PHONE:** 1-800-648-5300

**MAIL ADDRESS:**
- **STREET 1:** 9800 SCHWAB WAY
- **CITY:** LONE TREE
- **STATE:** CO
- **ZIP:** 80124

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

## Series and Classes Contracts Data

### Schwab 1000 Index ETF (Series ID: S000059091)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000193734 | Schwab 1000 Index ETF | SCHK            |

## Nport-Ex

Schwab Strategic Trust

Schwab U.S. Broad Market ETF

------

**Portfolio Holdings** as of November 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.9% OF NET ASSETS | **COMMON STOCKS** 99.9% OF NET ASSETS | **COMMON STOCKS** 99.9% OF NET ASSETS |
| **Automobiles & Components 2.2%** | **Automobiles & Components 2.2%** | **Automobiles & Components 2.2%** |
| Adient PLC \* | 48082 | 935676 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing <br> Holdings, Inc. \*<br>| 68077 | 447266 |
| Aptiv PLC \* | 126442 | 9805577 |
| Autoliv, Inc.  | 41339 | 4877589 |
| BorgWarner, Inc.  | 126077 | 5428876 |
| Dana, Inc.  | 74378 | 1666811 |
| Dorman Products, Inc. \* | 16039 | 2121479 |
| Ford Motor Co.  | 2263868 | 30064167 |
| Fox Factory Holding Corp. \* | 23427 | 346485 |
| Garrett Motion, Inc.  | 80151 | 1324896 |
| General Motors Co.  | 549493 | 40398725 |
| Gentex Corp.  | 126174 | 2880553 |
| Gentherm, Inc. \* | 18964 | 676446 |
| Goodyear Tire & Rubber Co. \* | 165411 | 1432459 |
| Harley-Davidson, Inc.  | 68227 | 1670879 |
| Holley, Inc. \* | 36758 | 156589 |
| LCI Industries  | 14021 | 1593767 |
| Lear Corp.  | 31092 | 3338037 |
| Mobileye Global, Inc., Class A \* | 90899 | 1074426 |
| Patrick Industries, Inc.  | 19599 | 2121004 |
| Phinia, Inc.  | 23292 | 1259864 |
| QuantumScape Corp. \* | 252431 | 3084707 |
| Rivian Automotive, Inc., Class A \* | 462113 | 7791225 |
| Solid Power, Inc. \* | 97902 | 509090 |
| Standard Motor Products, Inc.  | 14195 | 532880 |
| Stoneridge, Inc. \* | 16000 | 91360 |
| Tesla, Inc. \* | 1622467 | 697936629 |
| Thor Industries, Inc.  | 30723 | 3244963 |
| Visteon Corp.  | 15245 | 1574046 |
| Winnebago Industries, Inc.  | 16587 | 600284 |
| XPEL, Inc. \* | 14791 | 687486 |
|  |  | **829674241** |
| **Banks 3.7%** | **Banks 3.7%** | **Banks 3.7%** |
| 1st Source Corp.  | 9726 | 607291 |
| Amalgamated Financial Corp.  | 12143 | 356397 |
| Amerant Bancorp, Inc.  | 20190 | 379774 |
| Ameris Bancorp  | 37211 | 2819105 |
| Arrow Financial Corp.  | 9966 | 300475 |
| Associated Banc-Corp.  | 93993 | 2471076 |
| Atlantic Union Bankshares Corp.  | 83526 | 2825685 |
| Axos Financial, Inc. \* | 33262 | 2733471 |
| Banc of California, Inc.  | 76096 | 1403210 |
| BancFirst Corp.  | 11584 | 1283971 |
| Bancorp, Inc. \* | 26713 | 1711502 |
| Bank First Corp.  | 5157 | 643233 |
| Bank of America Corp.  | 3939943 | 211377942 |
| Bank of Hawaii Corp.  | 22289 | 1460821 |
| Bank of Marin Bancorp  | 7905 | 213870 |
| Bank OZK  | 61077 | 2810764 |
| BankUnited, Inc.  | 42834 | 1850857 |
| Banner Corp.  | 19245 | 1208778 |
| Beacon Financial Corp.  | 48159 | 1232389 |
| BOK Financial Corp.  | 12792 | 1440635 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Burke & Herbert Financial Services <br> Corp. <br>| 7558 | 493084 |
| Business First Bancshares, Inc.  | 14412 | 375000 |
| Byline Bancorp, Inc.  | 19636 | 548237 |
| Cadence Bank  | 106811 | 4255350 |
| Camden National Corp.  | 10417 | 421264 |
| Capital City Bank Group, Inc.  | 8000 | 335360 |
| Capitol Federal Financial, Inc.  | 72965 | 482299 |
| Cathay General Bancorp  | 41000 | 1986040 |
| Central Pacific Financial Corp.  | 14712 | 437535 |
| Citigroup, Inc.  | 1064921 | 110325816 |
| Citizens Financial Group, Inc.  | 249319 | 13488158 |
| Citizens Financial Services, Inc.  | 2266 | 126647 |
| City Holding Co.  | 7825 | 949251 |
| CNB Financial Corp.  | 17211 | 446109 |
| Coastal Financial Corp. \* | 6877 | 765754 |
| Columbia Banking System, Inc.  | 171798 | 4762241 |
| Columbia Financial, Inc. \* | 18040 | 285573 |
| Comerica, Inc.  | 75257 | 6049158 |
| Commerce Bancshares, Inc.  | 71497 | 3854403 |
| Community Financial System, Inc.  | 31199 | 1770855 |
| Community Trust Bancorp, Inc.  | 8318 | 461649 |
| ConnectOne Bancorp, Inc.  | 29532 | 746274 |
| Cullen/Frost Bankers, Inc.  | 37153 | 4596569 |
| Customers Bancorp, Inc. \* | 17529 | 1207748 |
| CVB Financial Corp.  | 74957 | 1475154 |
| Dime Community Bancshares, Inc.  | 23671 | 671073 |
| Eagle Bancorp, Inc.  | 17500 | 331975 |
| East West Bancorp, Inc.  | 80096 | 8546243 |
| Eastern Bankshares, Inc.  | 112441 | 2117264 |
| Enterprise Financial Services Corp.  | 20639 | 1127096 |
| Equity Bancshares, Inc., Class A  | 7993 | 348015 |
| Esquire Financial Holdings, Inc.  | 3900 | 398034 |
| FB Financial Corp.  | 23233 | 1297795 |
| Fifth Third Bancorp  | 382814 | 16637096 |
| Financial Institutions, Inc.  | 12266 | 375340 |
| First BanCorp  | 95311 | 1884299 |
| First Bancorp/Southern Pines NC  | 22880 | 1167109 |
| First Busey Corp.  | 52148 | 1227564 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Citizens BancShares, Inc., <br> Class A <br>| 6057 | 11374380 |
| First Commonwealth Financial Corp.  | 59597 | 968451 |
| First Community Bankshares, Inc.  | 9732 | 325243 |
| First Financial Bancorp  | 53456 | 1329985 |
| First Financial Bankshares, Inc.  | 74578 | 2329817 |
| First Financial Corp.  | 6687 | 390320 |
| First Foundation, Inc. \* | 44301 | 235681 |
| First Hawaiian, Inc.  | 73237 | 1825066 |
| First Horizon Corp.  | 291082 | 6502772 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Interstate BancSystem, Inc., <br> Class A <br>| 51054 | 1676613 |
| First Merchants Corp.  | 34018 | 1253223 |
| First Mid Bancshares, Inc.  | 11727 | 446330 |
| Firstsun Capital Bancorp \* | 5903 | 197337 |
| Five Star Bancorp  | 10105 | 348521 |
| Flagstar Bank NA  | 178127 | 2180275 |
| Flushing Financial Corp.  | 21896 | 359313 |
| FNB Corp.  | 208698 | 3472735 |
| Fulton Financial Corp.  | 104456 | 1895876 |
| GBank Financial Holdings, Inc. \* | 5200 | 176072 |
| German American Bancorp, Inc.  | 21475 | 852558 |

---

**1**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Glacier Bancorp, Inc.  | 74208 | 3138998 |
| Great Southern Bancorp, Inc.  | 4752 | 285880 |
| Hancock Whitney Corp.  | 48965 | 2966789 |
| Hanmi Financial Corp.  | 15737 | 434656 |
| HBT Financial, Inc.  | 6770 | 163834 |
| Heritage Commerce Corp.  | 33012 | 359501 |
| Heritage Financial Corp.  | 19785 | 473653 |
| Hilltop Holdings, Inc.  | 24721 | 848425 |
| Hingham Institution For Savings *(a)* | 1200 | 351492 |
| Home BancShares, Inc.  | 108068 | 3032388 |
| HomeTrust Bancshares, Inc.  | 8573 | 351579 |
| Hope Bancorp, Inc.  | 80095 | 850609 |
| Horizon Bancorp, Inc.  | 22694 | 388975 |
| Huntington Bancshares, Inc.  | 907570 | 14793391 |
| Independent Bank Corp.  | 27899 | 2010123 |
| Independent Bank Corp., MI  | 12311 | 401954 |
| International Bancshares Corp.  | 30981 | 2059617 |
| JPMorgan Chase & Co.  | 1589862 | 497753995 |
| Kearny Financial Corp.  | 41174 | 282865 |
| KeyCorp  | 537547 | 9880114 |
| Lakeland Financial Corp.  | 14570 | 848848 |
| Live Oak Bancshares, Inc.  | 19301 | 616088 |
| M&T Bank Corp.  | 90197 | 17157273 |
| Mechanics Bancorp, Class A \* | 11000 | 170940 |
| Mercantile Bank Corp.  | 7839 | 360437 |
| Metrocity Bankshares, Inc.  | 8494 | 226365 |
| Metropolitan Bank Holding Corp.  | 5405 | 403267 |
| Mid Penn Bancorp, Inc.  | 12019 | 350835 |
| Midland States Bancorp, Inc.  | 11502 | 187023 |
| MidWestOne Financial Group, Inc.  | 12000 | 474840 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Bank Holdings Corp., <br> Class A <br>| 20859 | 776163 |
| NB Bancorp, Inc.  | 21592 | 422987 |
| NBT Bancorp, Inc.  | 30250 | 1254165 |
| Nicolet Bankshares, Inc.  | 7252 | 913607 |
| Northeast Bank  | 4200 | 373296 |
| Northfield Bancorp, Inc.  | 23206 | 249465 |
| Northpointe Bancshares, Inc.  | 5900 | 102896 |
| Northwest Bancshares, Inc.  | 83786 | 1002081 |
| OceanFirst Financial Corp.  | 34397 | 648383 |
| OFG Bancorp  | 25842 | 1026703 |
| Old National Bancorp  | 201708 | 4383115 |
| Old Second Bancorp, Inc.  | 32353 | 609854 |
| Origin Bancorp, Inc.  | 16455 | 598797 |
| Orrstown Financial Services, Inc.  | 11541 | 412706 |
| Park National Corp.  | 8336 | 1279993 |
| Pathward Financial, Inc.  | 13549 | 974173 |
| Peapack-Gladstone Financial Corp.  | 7818 | 211086 |
| Peoples Bancorp, Inc.  | 20702 | 613400 |
| Pinnacle Financial Partners, Inc.  | 44902 | 4116615 |
| PNC Financial Services Group, Inc.  | 227611 | 43409970 |
| Popular, Inc.  | 39356 | 4514527 |
| Preferred Bank  | 6654 | 628204 |
| Prosperity Bancshares, Inc.  | 54856 | 3769156 |
| Provident Financial Services, Inc.  | 76069 | 1459003 |
| QCR Holdings, Inc.  | 9564 | 780709 |
| Regions Financial Corp.  | 515080 | 13108786 |
| Renasant Corp.  | 56563 | 2004593 |
| Republic Bancorp, Inc., Class A  | 4756 | 328212 |
| S&T Bancorp, Inc.  | 21032 | 830343 |
| Seacoast Banking Corp. of Florida  | 48586 | 1533374 |
| ServisFirst Bancshares, Inc.  | 28147 | 2002096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simmons First National Corp., <br> Class A <br>| 82406 | 1528631 |
| SmartFinancial, Inc.  | 8370 | 303496 |
| South Plains Financial, Inc.  | 7100 | 268309 |
| Southern Missouri Bancorp, Inc.  | 5612 | 315900 |
| Southside Bancshares, Inc.  | 16445 | 482332 |
| Southstate Bank Corp.  | 58542 | 5240094 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Stellar Bancorp, Inc.  | 25611 | 809564 |
| Stock Yards Bancorp, Inc.  | 16288 | 1077777 |
| Synovus Financial Corp.  | 80022 | 3857060 |
| Texas Capital Bancshares, Inc. \* | 26772 | 2414031 |
| TFS Financial Corp.  | 25595 | 364729 |
| Tompkins Financial Corp.  | 6406 | 442719 |
| Towne Bank  | 40915 | 1372698 |
| TriCo Bancshares  | 18852 | 906781 |
| Triumph Financial, Inc. \* | 13170 | 719214 |
| Truist Financial Corp.  | 744576 | 34622784 |
| TrustCo Bank Corp.  | 10097 | 425387 |
| Trustmark Corp.  | 35509 | 1381300 |
| U.S. Bancorp  | 899407 | 44115913 |
| UMB Financial Corp.  | 41158 | 4571831 |
| United Bankshares, Inc.  | 83036 | 3092261 |
| United Community Banks, Inc.  | 68666 | 2098433 |
| Univest Financial Corp.  | 16289 | 517990 |
| Valley National Bancorp  | 276041 | 3124784 |
| WaFd, Inc.  | 47452 | 1502330 |
| Washington Trust Bancorp, Inc.  | 11591 | 329184 |
| Webster Financial Corp.  | 96115 | 5728454 |
| Wells Fargo & Co.  | 1852175 | 159009224 |
| WesBanco, Inc.  | 54081 | 1745194 |
| Westamerica BanCorp  | 14841 | 712071 |
| Western Alliance Bancorp  | 60111 | 4900850 |
| Wintrust Financial Corp.  | 38367 | 5141945 |
| WSFS Financial Corp.  | 32150 | 1794292 |
| Zions Bancorp NA  | 84925 | 4520558 |
|  |  | **1429447577** |
| **Capital Goods 6.8%** | **Capital Goods 6.8%** | **Capital Goods 6.8%** |
| 3D Systems Corp. \* | 76654 | 159440 |
| 3M Co.  | 307265 | 52864943 |
| A.O. Smith Corp.  | 65739 | 4337459 |
| AAON, Inc.  | 38959 | 3641887 |
| AAR Corp. \* | 22157 | 1843684 |
| Acuity, Inc.  | 17594 | 6446793 |
| Advanced Drainage Systems, Inc.  | 40802 | 6217409 |
| AECOM  | 76591 | 7898830 |
| AeroVironment, Inc. \* | 18511 | 5173084 |
| AGCO Corp.  | 35978 | 3812229 |
| Air Lease Corp.  | 61841 | 3953495 |
| AirJoule Technologies Corp. \**(a)* | 8000 | 26080 |
| AIRO Group Holdings, Inc. \**(a)* | 5000 | 43250 |
| Alamo Group, Inc.  | 6204 | 994935 |
| Albany International Corp., Class A  | 17106 | 815614 |
| Allegion PLC  | 49779 | 8264807 |
| Allient, Inc.  | 8606 | 463519 |
| Allison Transmission Holdings, Inc.  | 48470 | 4297350 |
| Ameresco, Inc., Class A \* | 18500 | 642135 |
| American Superconductor Corp. \* | 26110 | 811760 |
| American Woodmark Corp. \* | 9642 | 531563 |
| AMETEK, Inc.  | 133422 | 26402880 |
| Amprius Technologies, Inc. \* | 74110 | 838925 |
| API Group Corp. \* | 214457 | 8483919 |
| Apogee Enterprises, Inc.  | 11954 | 435245 |
| Applied Industrial Technologies, Inc.  | 21881 | 5663240 |
| Archer Aviation, Inc., Class A \* | 352439 | 2745500 |
| Arcosa, Inc.  | 27463 | 2925908 |
| Argan, Inc.  | 7903 | 3123266 |
| Armstrong World Industries, Inc.  | 24840 | 4713142 |
| Array Technologies, Inc. \* | 93288 | 700593 |
| Astec Industries, Inc.  | 13148 | 581930 |
| Astronics Corp. \* | 18379 | 1002942 |
| ATI, Inc. \* | 79353 | 7998782 |
| Atkore, Inc.  | 20882 | 1398050 |
| Atmus Filtration Technologies, Inc.  | 47629 | 2410504 |
| Axon Enterprise, Inc. \* | 45322 | 24480225 |

---

**2**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| AZZ, Inc.  | 18062 | 1904096 |
| Bloom Energy Corp., Class A \* | 124546 | 13605405 |
| Blue Bird Corp. \* | 18273 | 954216 |
| BlueLinx Holdings, Inc. \* | 4759 | 296914 |
| Boeing Co. \* | 436803 | 82555767 |
| Boise Cascade Co.  | 21306 | 1624369 |
| Bowman Consulting Group Ltd. \* | 8117 | 293673 |
| Builders FirstSource, Inc. \* | 64413 | 7229071 |
| BWX Technologies, Inc.  | 52534 | 9397282 |
| Cadre Holdings, Inc.  | 15098 | 644383 |
| Carlisle Cos., Inc.  | 24886 | 7915490 |
| Carpenter Technology Corp.  | 28774 | 9165670 |
| Carrier Global Corp.  | 461784 | 25342706 |
| Caterpillar, Inc.  | 270871 | 155956687 |
| CECO Environmental Corp. \* | 16376 | 854008 |
| Centuri Holdings, Inc. \* | 43797 | 984995 |
| Chart Industries, Inc. \* | 25516 | 5203988 |
| CNH Industrial NV  | 514745 | 4854045 |
| Columbus McKinnon Corp.  | 16620 | 273233 |
| Comfort Systems USA, Inc.  | 20192 | 19726372 |
| Construction Partners, Inc., Class A \* | 26706 | 2910954 |
| Core & Main, Inc., Class A \* | 110288 | 5331322 |
| Crane Co.  | 28307 | 5187258 |
| CSW Industrials, Inc.  | 9429 | 2563462 |
| Cummins, Inc.  | 79681 | 39679544 |
| Curtiss-Wright Corp.  | 21837 | 12322401 |
| Custom Truck One Source, Inc. \* | 37050 | 236750 |
| Deere & Co.  | 145688 | 67670619 |
| Distribution Solutions Group, Inc. \* | 5809 | 161258 |
| DNOW, Inc. \* | 110043 | 1536200 |
| Donaldson Co., Inc.  | 66862 | 6010894 |
| Douglas Dynamics, Inc.  | 12323 | 398156 |
| Dover Corp.  | 79312 | 14694927 |
| Ducommun, Inc. \* | 7304 | 669704 |
| DXP Enterprises, Inc. \* | 7607 | 714982 |
| Dycom Industries, Inc. \* | 16640 | 6015859 |
| Eaton Corp. PLC  | 224724 | 77729784 |
| EMCOR Group, Inc.  | 25733 | 15827596 |
| Emerson Electric Co.  | 324868 | 43330894 |
| Energy Recovery, Inc. \* | 33156 | 479104 |
| Energy Vault Holdings, Inc. \**(a)* | 65184 | 224233 |
| Enerpac Tool Group Corp.  | 31470 | 1191769 |
| EnerSys  | 21015 | 3007457 |
| Enovix Corp. \* | 97360 | 758434 |
| Enpro, Inc.  | 12544 | 2795430 |
| Eos Energy Enterprises, Inc. \* | 150500 | 2265025 |
| Esab Corp.  | 32996 | 3703471 |
| ESCO Technologies, Inc.  | 14956 | 3184282 |
| Eve Holding, Inc. \**(a)* | 49990 | 196961 |
| Everus Construction Group, Inc. \* | 29136 | 2679347 |
| Fastenal Co.  | 663686 | 26812914 |
| Federal Signal Corp.  | 35128 | 4004592 |
| Ferguson Enterprises, Inc.  | 113864 | 28656153 |
| Firefly Aerospace, Inc. \* | 11000 | 194810 |
| Flowserve Corp.  | 75128 | 5360383 |
| Fluence Energy, Inc. \* | 36116 | 709318 |
| Fluor Corp. \* | 95716 | 4109088 |
| Fortive Corp.  | 197216 | 10547112 |
| Fortune Brands Innovations, Inc.  | 70800 | 3655404 |
| Franklin Electric Co., Inc.  | 22478 | 2138782 |
| FTAI Aviation Ltd.  | 59364 | 10284219 |
| Gates Industrial Corp. PLC \* | 149506 | 3402757 |
| GATX Corp.  | 21036 | 3364287 |
| GE Vernova, Inc.  | 157415 | 94412795 |
| Generac Holdings, Inc. \* | 34041 | 5161637 |
| General Dynamics Corp.  | 145856 | 49828785 |
| General Electric Co.  | 613582 | 183123548 |
| Gibraltar Industries, Inc. \* | 16482 | 823441 |
| Global Industrial Co.  | 7498 | 214743 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Gorman-Rupp Co.  | 13517 | 628405 |
| Graco, Inc.  | 95659 | 7886128 |
| Graham Corp. \* | 6243 | 358973 |
| Granite Construction, Inc.  | 24589 | 2644055 |
| Great Lakes Dredge & Dock Corp. \* | 36422 | 465109 |
| Greenbrier Cos., Inc.  | 17524 | 779468 |
| Griffon Corp.  | 22977 | 1723275 |
| Hayward Holdings, Inc. \* | 116894 | 1922906 |
| HEICO Corp.  | 58003 | 18381731 |
| Helios Technologies, Inc.  | 18111 | 977813 |
| Herc Holdings, Inc.  | 17725 | 2379936 |
| Hexcel Corp.  | 46851 | 3571452 |
| Hillenbrand, Inc.  | 39964 | 1272454 |
| Hillman Solutions Corp. \* | 111178 | 972807 |
| Honeywell International, Inc.  | 366434 | 70424950 |
| Howmet Aerospace, Inc.  | 233091 | 47688088 |
| Hubbell, Inc.  | 30707 | 13247921 |
| Huntington Ingalls Industries, Inc.  | 22544 | 7070249 |
| Hyliion Holdings Corp. \* | 73645 | 138453 |
| Hyster-Yale, Inc.  | 5890 | 171281 |
| IDEX Corp.  | 43535 | 7572043 |
| IES Holdings, Inc. \* | 4999 | 2092431 |
| Illinois Tool Works, Inc.  | 152890 | 38112419 |
| Ingersoll Rand, Inc.  | 209196 | 16806807 |
| Insteel Industries, Inc.  | 11550 | 353199 |
| Intuitive Machines, Inc. \* | 64684 | 614498 |
| ITT, Inc.  | 45201 | 8324216 |
| Janus International Group, Inc. \* | 81082 | 503519 |
| JBT Marel Corp.  | 30172 | 4240071 |
| JELD-WEN Holding, Inc. \* | 48864 | 130467 |
| Johnson Controls International PLC  | 378519 | 44025545 |
| Kadant, Inc.  | 6759 | 1879813 |
| Karman Holdings, Inc. \* | 44472 | 2980958 |
| Kennametal, Inc.  | 46411 | 1284656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc. \*<br>| 96516 | 7344868 |
| L3Harris Technologies, Inc.  | 108139 | 30137258 |
| Lennox International, Inc.  | 18440 | 9199163 |
| Leonardo DRS, Inc.  | 47249 | 1614498 |
| Limbach Holdings, Inc. \* | 5702 | 403417 |
| Lincoln Electric Holdings, Inc.  | 32133 | 7693604 |
| Lindsay Corp.  | 5967 | 685787 |
| Loar Holdings, Inc. \* | 20600 | 1410070 |
| Lockheed Martin Corp.  | 118521 | 54266025 |
| LSI Industries, Inc.  | 17500 | 320075 |
| Manitowoc Co., Inc. \* | 12000 | 135360 |
| Masco Corp.  | 122008 | 7914659 |
| MasTec, Inc. \* | 35442 | 7580335 |
| Masterbrand, Inc. \* | 73451 | 814572 |
| McGrath RentCorp  | 14225 | 1466313 |
| Mercury Systems, Inc. \* | 29785 | 2081674 |
| Microvast Holdings, Inc. \* | 120340 | 423597 |
| Middleby Corp. \* | 27217 | 3217049 |
| Miller Industries, Inc.  | 6716 | 260178 |
| Modine Manufacturing Co. \* | 30314 | 4914809 |
| Moog, Inc., Class A  | 16469 | 3782600 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc., <br> Class A <br>| 26713 | 2376388 |
| Mueller Industries, Inc.  | 63645 | 6992676 |
| Mueller Water Products, Inc., Class A  | 90358 | 2190278 |
| MYR Group, Inc. \* | 9030 | 2025610 |
| NANO Nuclear Energy, Inc. \**(a)* | 18193 | 594911 |
| National Presto Industries, Inc.  | 2567 | 240913 |
| Nextpower, Inc., Class A \* | 86071 | 7885825 |
| Nordson Corp.  | 31472 | 7479636 |
| Northrop Grumman Corp.  | 77833 | 44539934 |
| NPK International, Inc. \* | 47576 | 585661 |
| NuScale Power Corp. \* | 76110 | 1522200 |
| nVent Electric PLC  | 92871 | 9962272 |

---

**3**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Oshkosh Corp.  | 37346 | 4787010 |
| Otis Worldwide Corp.  | 227341 | 20199248 |
| Owens Corning  | 48352 | 5475380 |
| PACCAR, Inc.  | 303797 | 32026280 |
| Parker-Hannifin Corp.  | 73847 | 63633960 |
| Pentair PLC  | 94775 | 9974121 |
| Plug Power, Inc. \* | 691893 | 1390705 |
| Powell Industries, Inc.  | 5463 | 1765751 |
| Power Solutions International, Inc. \* | 3500 | 189280 |
| Preformed Line Products Co.  | 1518 | 311570 |
| Primoris Services Corp.  | 31464 | 3982084 |
| Proto Labs, Inc. \* | 13117 | 666606 |
| Quanex Building Products Corp.  | 30409 | 394101 |
| Quanta Services, Inc.  | 86173 | 40060104 |
| QXO, Inc. \* | 280016 | 5244700 |
| RBC Bearings, Inc. \* | 18257 | 8123817 |
| Redwire Corp. \**(a)* | 33092 | 182337 |
| Regal Rexnord Corp.  | 38101 | 5562365 |
| Resideo Technologies, Inc. \* | 78891 | 2602614 |
| REV Group, Inc.  | 27672 | 1474087 |
| Rocket Lab Corp. \* | 244862 | 10318485 |
| Rockwell Automation, Inc.  | 65059 | 25754256 |
| RTX Corp.  | 774039 | 135387161 |
| Rush Enterprises, Inc., Class A  | 39135 | 2037368 |
| Sensata Technologies Holding PLC  | 84429 | 2707638 |
| SES AI Corp. \* | 158840 | 312915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shoals Technologies Group, Inc., <br> Class A \*<br>| 96945 | 813369 |
| Simpson Manufacturing Co., Inc.  | 23788 | 3981635 |
| SiteOne Landscape Supply, Inc. \* | 25623 | 3440656 |
| Snap-on, Inc.  | 29865 | 10155593 |
| Southland Holdings, Inc. \* | 9000 | 28620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spirit AeroSystems Holdings, Inc., <br> Class A \*<br>| 68507 | 2516262 |
| SPX Technologies, Inc. \* | 28755 | 6183475 |
| StandardAero, Inc. \* | 88110 | 2301433 |
| Standex International Corp.  | 7037 | 1725191 |
| Stanley Black & Decker, Inc.  | 90434 | 6467840 |
| Sterling Infrastructure, Inc. \* | 17206 | 5924198 |
| Sunrun, Inc. \* | 132814 | 2689483 |
| Symbotic, Inc. \* | 27614 | 2313225 |
| Tecnoglass, Inc.  | 16031 | 798023 |
| Tennant Co.  | 10652 | 778981 |
| Terex Corp.  | 38763 | 1791238 |
| Textron, Inc.  | 103663 | 8620615 |
| Thermon Group Holdings, Inc. \* | 19374 | 680027 |
| Timken Co.  | 37481 | 3050579 |
| Titan International, Inc. \* | 30710 | 248444 |
| Titan Machinery, Inc. \* | 11148 | 206461 |
| Toro Co.  | 57387 | 4002169 |
| Trane Technologies PLC  | 128880 | 54320342 |
| Transcat, Inc. \* | 5385 | 304468 |
| TransDigm Group, Inc.  | 32603 | 44345623 |
| Trex Co., Inc. \* | 62815 | 2197269 |
| Trinity Industries, Inc.  | 45649 | 1210611 |
| Tutor Perini Corp. \* | 25560 | 1752138 |
| UFP Industries, Inc.  | 33914 | 3153663 |
| United Rentals, Inc.  | 37193 | 30318990 |
| V2X, Inc. \* | 12226 | 670596 |
| Valmont Industries, Inc.  | 11545 | 4767739 |
| Vertiv Holdings Co., Class A  | 220092 | 39557135 |
| Vicor Corp. \* | 12667 | 1131796 |
| Virgin Galactic Holdings, Inc. \**(a)* | 62765 | 242901 |
| Voyager Technologies, Inc., Class A \* | 7300 | 164104 |
| VSE Corp.  | 13305 | 2397428 |
| Wabash National Corp.  | 26259 | 221626 |
| Watsco, Inc.  | 20197 | 6996241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Watts Water Technologies, Inc., <br> Class A <br>| 15952 | 4400838 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| WESCO International, Inc.  | 28229 | 7548717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. <br>| 98847 | 20614542 |
| Willis Lease Finance Corp.  | 1548 | 189955 |
| WillScot Holdings Corp.  | 107227 | 2117733 |
| Woodward, Inc.  | 34437 | 10332133 |
| Worthington Enterprises, Inc.  | 16967 | 930810 |
| WW Grainger, Inc.  | 25425 | 24118918 |
| Xometry, Inc., Class A \* | 24645 | 1440993 |
| Xylem, Inc.  | 140870 | 19816183 |
| Zurn Elkay Water Solutions Corp.  | 86278 | 4115461 |
|  |  | **2602559256** |
| **Commercial & Professional Services 1.2%** | **Commercial & Professional Services 1.2%** | **Commercial & Professional Services 1.2%** |
| ABM Industries, Inc.  | 36132 | 1553676 |
| ACCO Brands Corp.  | 59477 | 204601 |
| ACV Auctions, Inc., Class A \* | 99406 | 780337 |
| Alight, Inc., Class A  | 279795 | 646326 |
| Amentum Holdings, Inc. \* | 86932 | 2488863 |
| Automatic Data Processing, Inc.  | 233759 | 59678673 |
| Barrett Business Services, Inc.  | 13459 | 472276 |
| BlackSky Technology, Inc. \* | 14000 | 248080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp., <br> Class A <br>| 71637 | 5978824 |
| Brady Corp., Class A  | 25271 | 1977203 |
| BrightView Holdings, Inc. \* | 40344 | 509141 |
| Brink's Co.  | 24380 | 2738605 |
| Broadridge Financial Solutions, Inc.  | 67719 | 15446027 |
| CACI International, Inc., Class A \* | 12692 | 7832233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Casella Waste Systems, Inc., <br> Class A \*<br>| 36851 | 3552068 |
| CBIZ, Inc. \* | 28591 | 1392382 |
| Cimpress PLC \* | 8762 | 603264 |
| Cintas Corp.  | 198062 | 36843493 |
| Clarivate PLC \* | 308563 | 1160197 |
| Clean Harbors, Inc. \* | 29100 | 6621996 |
| Concentrix Corp.  | 26719 | 967495 |
| Conduent, Inc. \* | 85959 | 166761 |
| Copart, Inc. \* | 513423 | 20013229 |
| CoreCivic, Inc. \* | 62902 | 1135381 |
| CRA International, Inc.  | 3642 | 642230 |
| CSG Systems International, Inc.  | 15742 | 1239997 |
| Dayforce, Inc. \* | 92454 | 6388571 |
| Deluxe Corp.  | 26224 | 532872 |
| Ennis, Inc.  | 14809 | 258269 |
| Enviri Corp. \* | 48880 | 896459 |
| Equifax, Inc.  | 71750 | 15237548 |
| ExlService Holdings, Inc. \* | 93481 | 3714000 |
| Exponent, Inc.  | 29367 | 2123234 |
| First Advantage Corp. \* | 48515 | 673388 |
| Forrester Research, Inc. \* | 7000 | 50330 |
| FTI Consulting, Inc. \* | 18372 | 2997392 |
| Genpact Ltd.  | 93905 | 4137454 |
| GEO Group, Inc. \* | 81140 | 1278766 |
| Healthcare Services Group, Inc. \* | 42286 | 794131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Heidrick & Struggles International, <br> Inc. <br>| 11436 | 673237 |
| HNI Corp.  | 25962 | 1077942 |
| Huron Consulting Group, Inc. \* | 9000 | 1481490 |
| ICF International, Inc.  | 10618 | 828629 |
| Innodata, Inc. \* | 18500 | 1063195 |
| Insperity, Inc.  | 24374 | 862108 |
| Interface, Inc.  | 33805 | 943498 |
| Jacobs Solutions, Inc.  | 68676 | 9258212 |
| KBR, Inc.  | 74061 | 3052794 |
| Kelly Services, Inc., Class A  | 20040 | 173146 |
| Kforce, Inc.  | 11106 | 326516 |
| Korn Ferry  | 30037 | 1975534 |

---

**4**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Legalzoom.com, Inc. \* | 69480 | 648248 |
| Leidos Holdings, Inc.  | 74137 | 14167581 |
| Liquidity Services, Inc. \* | 12128 | 364325 |
| ManpowerGroup, Inc.  | 27263 | 784084 |
| Maximus, Inc.  | 32844 | 2827540 |
| MillerKnoll, Inc.  | 43064 | 681703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Montrose Environmental Group, <br> Inc. \*<br>| 19062 | 488940 |
| MSA Safety, Inc.  | 21286 | 3433432 |
| OPENLANE, Inc. \* | 64403 | 1638412 |
| Parsons Corp. \* | 31204 | 2642355 |
| Paychex, Inc.  | 187680 | 20961979 |
| Paycom Software, Inc.  | 28828 | 4646209 |
| Paylocity Holding Corp. \* | 26116 | 3847670 |
| Pitney Bowes, Inc.  | 98720 | 973379 |
| Planet Labs PBC \* | 148439 | 1766424 |
| RB Global, Inc.  | 105785 | 10388087 |
| Republic Services, Inc.  | 117382 | 25478937 |
| Resources Connection, Inc.  | 20000 | 96700 |
| Robert Half, Inc.  | 60124 | 1625753 |
| Rollins, Inc.  | 169597 | 10426824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Science Applications International <br> Corp. <br>| 27276 | 2351464 |
| SS&C Technologies Holdings, Inc.  | 121878 | 10474195 |
| Steelcase, Inc., Class A  | 63263 | 1030554 |
| TaskUS, Inc., Class A \* | 10500 | 120435 |
| Tetra Tech, Inc.  | 153507 | 5332833 |
| TIC Solutions, Inc. \* | 99101 | 963262 |
| TransUnion  | 112526 | 9570336 |
| TriNet Group, Inc.  | 17414 | 1020460 |
| TrueBlue, Inc. \**(b)* | 18000 | 88200 |
| UL Solutions, Inc., Class A  | 35688 | 3255103 |
| UniFirst Corp.  | 8519 | 1469954 |
| Upwork, Inc. \* | 76697 | 1513999 |
| Veralto Corp.  | 143955 | 14571125 |
| Verisk Analytics, Inc.  | 80628 | 18146944 |
| Verra Mobility Corp. \* | 90480 | 1974274 |
| Vestis Corp.  | 66506 | 430959 |
| Waste Management, Inc.  | 213949 | 46613069 |
| Willdan Group, Inc. \* | 7978 | 804980 |
|  |  | **463312801** |
| **Consumer Discretionary Distribution & Retail 5.4%** | **Consumer Discretionary Distribution & Retail 5.4%** | **Consumer Discretionary Distribution & Retail 5.4%** |
| 1-800-Flowers.com, Inc., Class A \**(a)* | 16000 | 54560 |
| Abercrombie & Fitch Co., Class A \* | 28975 | 2835783 |
| Academy Sports & Outdoors, Inc.  | 38889 | 1876394 |
| Advance Auto Parts, Inc.  | 36110 | 1873387 |
| A-Mark Precious Metals, Inc.  | 12773 | 366713 |
| Amazon.com, Inc. \* | 5611281 | 1308662955 |
| American Eagle Outfitters, Inc.  | 92746 | 1892018 |
| America's Car-Mart, Inc. \* | 4442 | 96169 |
| Arhaus, Inc. \* | 30738 | 317831 |
| Arko Corp.  | 43382 | 206498 |
| Asbury Automotive Group, Inc. \* | 11380 | 2646647 |
| AutoNation, Inc. \* | 16280 | 3439801 |
| AutoZone, Inc. \* | 9690 | 38317458 |
| Bath & Body Works, Inc.  | 123800 | 2155358 |
| Bed Bath & Beyond, Inc. \* | 35092 | 211254 |
| Best Buy Co., Inc.  | 113756 | 9018576 |
| Boot Barn Holdings, Inc. \* | 17685 | 3427707 |
| Buckle, Inc.  | 16360 | 924013 |
| Build-A-Bear Workshop, Inc.  | 6963 | 369735 |
| Burlington Stores, Inc. \* | 36064 | 9096423 |
| Caleres, Inc.  | 20335 | 238123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Camping World Holdings, Inc., <br> Class A <br>| 34425 | 385216 |
| CarMax, Inc. \* | 87757 | 3392686 |
| Carvana Co. \* | 79902 | 29923299 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Chewy, Inc., Class A \* | 127298 | 4426151 |
| Coupang, Inc. \* | 779949 | 21963364 |
| Designer Brands, Inc., Class A  | 20000 | 86800 |
| Dick's Sporting Goods, Inc.  | 38423 | 7937039 |
| Dillard's, Inc., Class A  | 1736 | 1163224 |
| eBay, Inc.  | 263207 | 21790908 |
| Etsy, Inc. \* | 57146 | 3098456 |
| Five Below, Inc. \* | 32204 | 5310118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Floor & Decor Holdings, Inc., <br> Class A \*<br>| 61871 | 3936233 |
| GameStop Corp., Class A \* | 241116 | 5432343 |
| Gap, Inc.  | 128945 | 3490541 |
| Genesco, Inc. \* | 6608 | 236897 |
| Genuine Parts Co.  | 80479 | 10494462 |
| GigaCloud Technology, Inc., Class A \* | 15615 | 579317 |
| Group 1 Automotive, Inc.  | 7462 | 2992560 |
| Groupon, Inc. \* | 14084 | 238160 |
| Guess?, Inc.  | 15374 | 262280 |
| Haverty Furniture Cos., Inc.  | 8044 | 191447 |
| Home Depot, Inc.  | 575263 | 205322870 |
| Kohl's Corp.  | 64372 | 1582907 |
| Lands' End, Inc. \* | 7423 | 117209 |
| Lithia Motors, Inc.  | 14845 | 4733180 |
| LKQ Corp.  | 148984 | 4423335 |
| Lowe's Cos., Inc.  | 323475 | 78436218 |
| Macy's, Inc.  | 158525 | 3544619 |
| MarineMax, Inc. \* | 11506 | 269010 |
| Monro, Inc.  | 17179 | 321419 |
| Murphy USA, Inc.  | 10144 | 3906150 |
| National Vision Holdings, Inc. \* | 45404 | 1309905 |
| ODP Corp. \* | 19094 | 534059 |
| Ollie's Bargain Outlet Holdings, Inc. \* | 35249 | 4339504 |
| O'Reilly Automotive, Inc. \* | 489605 | 49792829 |
| Outdoor Holding Co. \* | 51552 | 94856 |
| Penske Automotive Group, Inc.  | 10715 | 1732830 |
| Petco Health & Wellness Co., Inc. \* | 50745 | 162384 |
| Pool Corp.  | 19017 | 4632541 |
| RealReal, Inc. \* | 57445 | 831804 |
| Revolve Group, Inc. \* | 23000 | 555910 |
| RH \* | 8969 | 1413425 |
| Ross Stores, Inc.  | 189206 | 33368370 |
| Sally Beauty Holdings, Inc. \* | 61788 | 979958 |
| Savers Value Village, Inc. \* | 22735 | 207116 |
| Shoe Carnival, Inc.  | 10461 | 172816 |
| Signet Jewelers Ltd.  | 23211 | 2324814 |
| Sonic Automotive, Inc., Class A  | 8646 | 544957 |
| Stitch Fix, Inc., Class A \* | 65541 | 278549 |
| ThredUp, Inc., Class A \* | 55558 | 417796 |
| TJX Cos., Inc.  | 644836 | 97963485 |
| Tractor Supply Co.  | 306259 | 16776868 |
| Ulta Beauty, Inc. \* | 25960 | 13988027 |
| Upbound Group, Inc.  | 34696 | 621752 |
| Urban Outfitters, Inc. \* | 30412 | 2252617 |
| Valvoline, Inc. \* | 75006 | 2348438 |
| Victoria's Secret & Co. \* | 44062 | 1821082 |
| Warby Parker, Inc., Class A \* | 57540 | 1139867 |
| Wayfair, Inc., Class A \* | 61245 | 6785946 |
| Williams-Sonoma, Inc.  | 71380 | 12849114 |
| Winmark Corp.  | 1708 | 702005 |
| Zumiez, Inc. \* | 8189 | 212914 |
|  |  | **2079172359** |
| **Consumer Durables & Apparel 0.7%** | **Consumer Durables & Apparel 0.7%** | **Consumer Durables & Apparel 0.7%** |
| Acushnet Holdings Corp.  | 15038 | 1264696 |
| Beazer Homes USA, Inc. \* | 16658 | 380968 |
| Brunswick Corp.  | 37922 | 2507023 |
| Capri Holdings Ltd. \* | 69755 | 1769684 |
| Carter's, Inc.  | 15000 | 478650 |

---

**5**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Cavco Industries, Inc. \* | 4668 | 2780494 |
| Century Communities, Inc.  | 15571 | 1016631 |
| Champion Homes, Inc. \* | 33155 | 2846025 |
| Columbia Sportswear Co.  | 16501 | 886269 |
| Crocs, Inc. \* | 32709 | 2779611 |
| Deckers Outdoor Corp. \* | 86135 | 7582464 |
| DR Horton, Inc.  | 160035 | 25447165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dream Finders Homes, Inc., <br> Class A \*<br>| 15666 | 309717 |
| Ethan Allen Interiors, Inc.  | 13270 | 313703 |
| Figs, Inc., Class A \* | 90722 | 888168 |
| Funko, Inc., Class A \* | 23000 | 72680 |
| Garmin Ltd.  | 94116 | 18382737 |
| G-III Apparel Group Ltd. \* | 22408 | 653193 |
| GoPro, Inc., Class A \* | 73822 | 120330 |
| Green Brick Partners, Inc. \* | 17297 | 1174120 |
| Hasbro, Inc.  | 76488 | 6317909 |
| Helen of Troy Ltd. \* | 13500 | 255825 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hovnanian Enterprises, Inc., <br> Class A \*<br>| 2652 | 348950 |
| Installed Building Products, Inc.  | 13268 | 3556089 |
| KB Home  | 39739 | 2556410 |
| Kontoor Brands, Inc.  | 29981 | 2229087 |
| Latham Group, Inc. \* | 25271 | 180688 |
| La-Z-Boy, Inc.  | 23787 | 925790 |
| Legacy Housing Corp. \* | 6676 | 133053 |
| Leggett & Platt, Inc.  | 77547 | 795632 |
| Lennar Corp., Class A  | 134020 | 17596826 |
| Levi Strauss & Co., Class A  | 58348 | 1285406 |
| LGI Homes, Inc. \* | 11830 | 615397 |
| Lululemon Athletica, Inc. \* | 63176 | 11635756 |
| M/I Homes, Inc. \* | 15173 | 2087653 |
| Malibu Boats, Inc., Class A \* | 11217 | 318451 |
| Mattel, Inc. \* | 187243 | 3954572 |
| Meritage Homes Corp.  | 41218 | 3012211 |
| Mohawk Industries, Inc. \* | 30269 | 3508177 |
| Movado Group, Inc.  | 8138 | 170410 |
| Newell Brands, Inc.  | 241276 | 880657 |
| NIKE, Inc., Class B  | 685763 | 44320863 |
| NVR, Inc. \* | 1662 | 12477116 |
| Oxford Industries, Inc.  | 9278 | 354048 |
| Peloton Interactive, Inc., Class A \* | 223608 | 1518298 |
| Polaris, Inc.  | 30342 | 2013495 |
| PulteGroup, Inc.  | 114230 | 14528914 |
| PVH Corp.  | 27657 | 2344207 |
| Ralph Lauren Corp.  | 22282 | 8184847 |
| Smith & Wesson Brands, Inc.  | 25128 | 218865 |
| Somnigroup International, Inc.  | 122026 | 11167820 |
| Sonos, Inc. \* | 74418 | 1381198 |
| Steven Madden Ltd.  | 44901 | 1875964 |
| Sturm Ruger & Co., Inc.  | 9917 | 298700 |
| Tapestry, Inc.  | 120345 | 13151302 |
| Taylor Morrison Home Corp. \* | 57365 | 3596212 |
| Toll Brothers, Inc.  | 56823 | 7945560 |
| TopBuild Corp. \* | 16109 | 7289323 |
| Topgolf Callaway Brands Corp. \* | 81632 | 1051420 |
| Tri Pointe Homes, Inc. \* | 52846 | 1803106 |
| Under Armour, Inc., Class A \* | 176460 | 815245 |
| VF Corp.  | 192317 | 3365548 |
| Whirlpool Corp. *(a)* | 31956 | 2471797 |
| Wolverine World Wide, Inc.  | 45501 | 737571 |
| YETI Holdings, Inc. \* | 46858 | 1943670 |
|  |  | **278874366** |
| **Consumer Services 2.0%** | **Consumer Services 2.0%** | **Consumer Services 2.0%** |
| Accel Entertainment, Inc. \* | 30697 | 314337 |
| ADT, Inc.  | 293555 | 2421829 |
| Adtalem Global Education, Inc. \* | 20540 | 1901182 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Airbnb, Inc., Class A \* | 248045 | 29018785 |
| Aramark  | 152540 | 5669912 |
| Biglari Holdings, Inc., Class B \* | 400 | 117564 |
| BJ's Restaurants, Inc. \* | 12955 | 496824 |
| Bloomin' Brands, Inc.  | 44287 | 314438 |
| Booking Holdings, Inc.  | 18741 | 92106205 |
| Boyd Gaming Corp.  | 34397 | 2865270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bright Horizons Family Solutions, <br> Inc. \*<br>| 33192 | 3410810 |
| Brinker International, Inc. \* | 25622 | 3940407 |
| Caesars Entertainment, Inc. \* | 120927 | 2813971 |
| Carnival Corp. \* | 628589 | 16205024 |
| Carriage Services, Inc.  | 7528 | 325962 |
| Cava Group, Inc. \* | 58089 | 2839971 |
| Cheesecake Factory, Inc.  | 26093 | 1243592 |
| Chegg, Inc. \* | 76397 | 73884 |
| Chipotle Mexican Grill, Inc. \* | 774096 | 26721794 |
| Choice Hotels International, Inc.  | 12500 | 1140750 |
| Churchill Downs, Inc.  | 38847 | 4237819 |
| Coursera, Inc. \* | 86436 | 687166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cracker Barrel Old Country Store, <br> Inc. *(a)*<br>| 14932 | 431385 |
| Darden Restaurants, Inc.  | 67484 | 12118777 |
| Dave & Buster's Entertainment, Inc. \* | 15802 | 276377 |
| Denny's Corp. \* | 30316 | 187050 |
| Dine Brands Global, Inc.  | 12159 | 379969 |
| Domino's Pizza, Inc.  | 18090 | 7591107 |
| DoorDash, Inc., Class A \* | 213415 | 42335134 |
| DraftKings, Inc., Class A \* | 287316 | 9527399 |
| Driven Brands Holdings, Inc. \* | 34412 | 502759 |
| Duolingo, Inc. \* | 23151 | 4431333 |
| Dutch Bros, Inc., Class A \* | 73732 | 4321432 |
| El Pollo Loco Holdings, Inc. \* | 12037 | 131324 |
| European Wax Center, Inc., Class A \* | 20000 | 77400 |
| Expedia Group, Inc.  | 68337 | 17473087 |
| First Watch Restaurant Group, Inc. \* | 27448 | 509435 |
| Flutter Entertainment PLC \* | 101643 | 21224075 |
| Frontdoor, Inc. \* | 42948 | 2316186 |
| Global Business Travel Group I \* | 70522 | 543725 |
| Golden Entertainment, Inc.  | 12169 | 365313 |
| Graham Holdings Co., Class B  | 2012 | 2226278 |
| Grand Canyon Education, Inc. \* | 15752 | 2484720 |
| H&R Block, Inc.  | 77670 | 3271460 |
| Hilton Grand Vacations, Inc. \* | 36916 | 1581112 |
| Hilton Worldwide Holdings, Inc.  | 136096 | 38791443 |
| Hyatt Hotels Corp., Class A  | 24443 | 4018185 |
| Jack in the Box, Inc.  | 10900 | 214839 |
| Krispy Kreme, Inc.  | 69582 | 290853 |
| Kura Sushi USA, Inc., Class A \* | 3998 | 196422 |
| Las Vegas Sands Corp.  | 179250 | 12217680 |
| Laureate Education, Inc. \* | 76264 | 2356558 |
| Life Time Group Holdings, Inc. \* | 88866 | 2481139 |
| Lincoln Educational Services Corp. \* | 17500 | 360150 |
| Lindblad Expeditions Holdings, Inc. \* | 21192 | 254940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lucky Strike Entertainment Corp., <br> Class A *(a)*<br>| 18097 | 141519 |
| Marriott International, Inc., Class A  | 130057 | 39640073 |
| Marriott Vacations Worldwide Corp.  | 16062 | 876985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matthews International Corp., <br> Class A <br>| 16840 | 413254 |
| McDonald's Corp.  | 412053 | 128486366 |
| McGraw Hill, Inc. \* | 14000 | 245700 |
| MGM Resorts International \* | 118343 | 4176324 |
| Mister Car Wash, Inc. \* | 61493 | 328373 |
| Monarch Casino & Resort, Inc.  | 7088 | 684559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings <br> Ltd. \*<br>| 263389 | 4862161 |
| OneSpaWorld Holdings Ltd.  | 61095 | 1247560 |

---

**6**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Papa John's International, Inc.  | 18897 | 794997 |
| Penn Entertainment, Inc. \* | 83689 | 1241945 |
| Perdoceo Education Corp.  | 37472 | 1047717 |
| Planet Fitness, Inc., Class A \* | 48440 | 5423827 |
| Portillo's, Inc., Class A \* | 25000 | 130500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pursuit Attractions & Hospitality, <br> Inc. \*<br>| 11440 | 392735 |
| RCI Hospitality Holdings, Inc.  | 4568 | 111276 |
| Red Rock Resorts, Inc., Class A  | 27834 | 1630237 |
| Royal Caribbean Cruises Ltd.  | 145542 | 38750557 |
| Rush Street Interactive, Inc. \* | 56771 | 1046857 |
| Sabre Corp. \* | 238639 | 384209 |
| Serve Robotics, Inc. \**(a)* | 28500 | 292410 |
| Service Corp. International  | 80660 | 6406824 |
| Shake Shack, Inc., Class A \* | 22784 | 1993144 |
| Sharplink Gaming, Inc. \* | 98276 | 1043691 |
| Six Flags Entertainment Corp. \* | 60659 | 920804 |
| Starbucks Corp.  | 656085 | 57151564 |
| Strategic Education, Inc.  | 13865 | 1081747 |
| Stride, Inc. \* | 24541 | 1559090 |
| Sweetgreen, Inc., Class A \* | 40000 | 259600 |
| Target Hospitality Corp. \* | 18754 | 146281 |
| Texas Roadhouse, Inc.  | 38080 | 6673520 |
| Travel & Leisure Co.  | 37886 | 2598222 |
| Udemy, Inc. \* | 52260 | 265481 |
| United Parks & Resorts, Inc. \* | 16507 | 595738 |
| Universal Technical Institute, Inc. \* | 30829 | 709684 |
| Vail Resorts, Inc.  | 21930 | 3074805 |
| Venu Holding Corp. \**(a)* | 18264 | 184832 |
| Wendy's Co.  | 97044 | 820022 |
| Wingstop, Inc.  | 16164 | 4279096 |
| Wyndham Hotels & Resorts, Inc.  | 44160 | 3232512 |
| Wynn Resorts Ltd.  | 48897 | 6292066 |
| Yum! Brands, Inc.  | 160871 | 24647046 |
|  |  | **750642452** |
| **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** |
| Albertsons Cos., Inc., Class A  | 234727 | 4302546 |
| Andersons, Inc.  | 22118 | 1139077 |
| BJ's Wholesale Club Holdings, Inc. \* | 76270 | 6805572 |
| Casey's General Stores, Inc.  | 21387 | 12200428 |
| Chefs' Warehouse, Inc. \* | 22357 | 1370931 |
| Costco Wholesale Corp.  | 256345 | 234194228 |
| Dollar General Corp.  | 127481 | 13957895 |
| Dollar Tree, Inc. \* | 112570 | 12473882 |
| Grocery Outlet Holding Corp. \* | 62105 | 691229 |
| Ingles Markets, Inc., Class A  | 7780 | 598438 |
| Kroger Co.  | 348864 | 23471570 |
| Maplebear, Inc. \* | 107377 | 4510908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Natural Grocers by Vitamin Cottage, <br> Inc. <br>| 6292 | 174603 |
| Performance Food Group Co. \* | 90252 | 8760762 |
| PriceSmart, Inc.  | 14174 | 1744819 |
| Sprouts Farmers Market, Inc. \* | 56742 | 4755547 |
| Sysco Corp.  | 276438 | 21064575 |
| Target Corp.  | 263044 | 23837047 |
| U.S. Foods Holding Corp. \* | 130479 | 10264783 |
| United Natural Foods, Inc. \* | 38026 | 1418750 |
| Walmart, Inc.  | 2537763 | 280448189 |
| Weis Markets, Inc.  | 5703 | 370524 |
|  |  | **668556303** |
| **Energy 2.9%** | **Energy 2.9%** | **Energy 2.9%** |
| Antero Midstream Corp.  | 194818 | 3508672 |
| Antero Resources Corp. \* | 170054 | 6195067 |
| APA Corp.  | 207531 | 5182049 |
| Archrock, Inc.  | 104627 | 2567547 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Atlas Energy Solutions, Inc.  | 46435 | 400270 |
| Baker Hughes Co.  | 569917 | 28609833 |
| Berry Corp.  | 46092 | 156252 |
| BKV Corp. \* | 7573 | 209091 |
| Bristow Group, Inc. \* | 12665 | 475064 |
| Cactus, Inc., Class A  | 40128 | 1722294 |
| California Resources Corp.  | 43456 | 2076328 |
| Calumet, Inc. \* | 39293 | 758355 |
| Centrus Energy Corp., Class A \* | 10090 | 2616337 |
| Cheniere Energy, Inc.  | 126993 | 26472961 |
| Chevron Corp.  | 1112053 | 168064570 |
| Chord Energy Corp.  | 33609 | 3154541 |
| Civitas Resources, Inc.  | 51173 | 1502951 |
| Clean Energy Fuels Corp. \* | 101948 | 222247 |
| CNX Resources Corp. \* | 81721 | 3174044 |
| Comstock Resources, Inc. \* | 50435 | 1354684 |
| ConocoPhillips  | 720901 | 63936710 |
| Core Laboratories, Inc.  | 25730 | 388523 |
| Core Natural Resources, Inc.  | 29266 | 2341280 |
| Coterra Energy, Inc.  | 443865 | 11913337 |
| Crescent Energy Co., Class A  | 114895 | 1083460 |
| CVR Energy, Inc. \* | 17075 | 589600 |
| Delek U.S. Holdings, Inc.  | 37219 | 1439259 |
| Devon Energy Corp.  | 368583 | 13659686 |
| Diamondback Energy, Inc.  | 108612 | 16573105 |
| DMC Global, Inc. \* | 10365 | 64367 |
| Dorian LPG Ltd.  | 19036 | 471712 |
| DT Midstream, Inc.  | 58391 | 7092171 |
| EOG Resources, Inc.  | 315964 | 34076717 |
| EQT Corp.  | 360749 | 21955184 |
| Excelerate Energy, Inc., Class A  | 13330 | 374306 |
| Expand Energy Corp.  | 137380 | 16750743 |
| Expro Group Holdings NV \* | 65015 | 906959 |
| Exxon Mobil Corp.  | 2463809 | 285604739 |
| Flowco Holdings, Inc., Class A  | 12000 | 203640 |
| Granite Ridge Resources, Inc.  | 30944 | 159362 |
| Green Plains, Inc. \* | 37301 | 385319 |
| Gulfport Energy Corp. \* | 9057 | 2015092 |
| Halliburton Co.  | 490586 | 12863165 |
| Helix Energy Solutions Group, Inc. \* | 83183 | 553999 |
| Helmerich & Payne, Inc.  | 54000 | 1506600 |
| HF Sinclair Corp.  | 91971 | 4866186 |
| Innovex International, Inc. \* | 21521 | 473892 |
| International Seaways, Inc.  | 21892 | 1159619 |
| Kinder Morgan, Inc.  | 1126901 | 30786935 |
| Kinetik Holdings, Inc. *(a)* | 26309 | 912396 |
| Kodiak Gas Services, Inc.  | 43116 | 1517683 |
| Kosmos Energy Ltd. \* | 379804 | 425380 |
| Liberty Energy, Inc.  | 95731 | 1702097 |
| Magnolia Oil & Gas Corp., Class A  | 108412 | 2508654 |
| Marathon Petroleum Corp.  | 175981 | 34092799 |
| Matador Resources Co.  | 68289 | 2895454 |
| Murphy Oil Corp.  | 79914 | 2562842 |
| Nabors Industries Ltd. \* | 12765 | 636591 |
| New Fortress Energy, Inc. \**(a)* | 74806 | 91263 |
| NextDecade Corp. \* | 82046 | 501301 |
| Noble Corp. PLC  | 71788 | 2198149 |
| Northern Oil & Gas, Inc.  | 58284 | 1304979 |
| NOV, Inc.  | 218506 | 3356252 |
| Occidental Petroleum Corp.  | 414898 | 17425716 |
| Oceaneering International, Inc. \* | 59825 | 1459730 |
| ONEOK, Inc.  | 363526 | 26471963 |
| Ovintiv, Inc.  | 148954 | 6101156 |
| Par Pacific Holdings, Inc. \* | 31371 | 1432086 |
| Patterson-UTI Energy, Inc.  | 234743 | 1363857 |
| PBF Energy, Inc., Class A  | 48400 | 1668832 |
| Peabody Energy Corp.  | 73099 | 1991217 |
| Permian Resources Corp.  | 403570 | 5847729 |
| Phillips 66  | 233403 | 31966875 |

---

**7**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| ProPetro Holding Corp. \* | 78199 | 748364 |
| Range Resources Corp.  | 139629 | 5513949 |
| REX American Resources Corp. \* | 16264 | 536549 |
| Riley Exploration Permian, Inc.  | 3462 | 94824 |
| RPC, Inc.  | 48813 | 259685 |
| Sable Offshore Corp. \* | 41843 | 182854 |
| SandRidge Energy, Inc.  | 17244 | 243830 |
| Seadrill Ltd. \* | 36316 | 1108364 |
| Select Water Solutions, Inc.  | 55393 | 559469 |
| SLB Ltd.  | 862146 | 31244171 |
| SM Energy Co.  | 66910 | 1274636 |
| Solaris Energy Infrastructure, Inc.  | 24260 | 1161811 |
| Talos Energy, Inc. \* | 73610 | 843571 |
| Targa Resources Corp.  | 124620 | 21847132 |
| TechnipFMC PLC  | 237522 | 10750246 |
| TETRA Technologies, Inc. \* | 67623 | 525431 |
| Texas Pacific Land Corp.  | 11061 | 9559912 |
| Tidewater, Inc. \* | 28056 | 1515585 |
| Transocean Ltd. \* | 577150 | 2545231 |
| Uranium Energy Corp. \* | 253693 | 3112813 |
| VAALCO Energy, Inc.  | 60059 | 215011 |
| Valaris Ltd. \* | 39020 | 2201118 |
| Valero Energy Corp.  | 179781 | 31778090 |
| Venture Global, Inc., Class A  | 266625 | 1989022 |
| Viper Energy, Inc., Class A  | 95843 | 3501145 |
| Vital Energy, Inc. \* | 10000 | 179300 |
| Vitesse Energy, Inc. *(a)* | 17811 | 376881 |
| Weatherford International PLC  | 42309 | 3164713 |
| Williams Cos., Inc.  | 705981 | 43015422 |
| World Kinect Corp.  | 33584 | 778477 |
|  |  | **1123881431** |
| **Equity Real Estate Investment Trusts (REITs) 2.1%** | **Equity Real Estate Investment Trusts (REITs) 2.1%** | **Equity Real Estate Investment Trusts (REITs) 2.1%** |
| Acadia Realty Trust  | 78414 | 1612976 |
| Agree Realty Corp.  | 63800 | 4799036 |
| Alexander & Baldwin, Inc.  | 40784 | 637454 |
| Alexander's, Inc.  | 1052 | 222950 |
| Alexandria Real Estate Equities, Inc.  | 90166 | 4839209 |
| American Assets Trust, Inc.  | 27413 | 534554 |
| American Healthcare REIT, Inc.  | 97550 | 4953589 |
| American Homes 4 Rent, Class A  | 188510 | 6054941 |
| American Tower Corp.  | 270337 | 49003988 |
| Americold Realty Trust, Inc.  | 164421 | 1780679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apartment Investment & <br> Management Co., Class A <br>| 75250 | 429678 |
| Apple Hospitality REIT, Inc.  | 129192 | 1536093 |
| Armada Hoffler Properties, Inc.  | 51768 | 340116 |
| AvalonBay Communities, Inc.  | 82258 | 14966021 |
| Brandywine Realty Trust  | 99948 | 342822 |
| Brixmor Property Group, Inc.  | 178082 | 4655063 |
| Broadstone Net Lease, Inc.  | 108121 | 1899686 |
| BXP, Inc.  | 85768 | 6206172 |
| Camden Property Trust  | 61595 | 6550012 |
| CareTrust REIT, Inc.  | 127454 | 4783349 |
| CBL & Associates Properties, Inc.  | 7811 | 261044 |
| Centerspace  | 9439 | 630148 |
| Chatham Lodging Trust  | 30092 | 204024 |
| City Office REIT, Inc.  | 27522 | 187425 |
| Community Healthcare Trust, Inc.  | 11000 | 171380 |
| COPT Defense Properties  | 64424 | 1979750 |
| Cousins Properties, Inc.  | 96614 | 2490709 |
| Crown Castle, Inc.  | 251418 | 22949435 |
| CubeSmart  | 133854 | 4983384 |
| Curbline Properties Corp.  | 54580 | 1306645 |
| DiamondRock Hospitality Co.  | 118623 | 1080656 |
| Digital Realty Trust, Inc.  | 185456 | 29695215 |
| Diversified Healthcare Trust  | 130084 | 628306 |
| Douglas Emmett, Inc.  | 97144 | 1184185 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Easterly Government Properties, Inc.  | 22102 | 481824 |
| EastGroup Properties, Inc.  | 30833 | 5586323 |
| Elme Communities  | 50220 | 871819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Empire State Realty Trust, Inc., <br> Class A <br>| 80482 | 565788 |
| EPR Properties  | 42788 | 2236529 |
| Equinix, Inc.  | 56422 | 42503257 |
| Equity LifeStyle Properties, Inc.  | 112962 | 7101921 |
| Equity Residential  | 201214 | 12424964 |
| Essential Properties Realty Trust, Inc.  | 114519 | 3625672 |
| Essex Property Trust, Inc.  | 37225 | 9813255 |
| Extra Space Storage, Inc.  | 122585 | 16324644 |
| Federal Realty Investment Trust  | 45469 | 4489154 |
| First Industrial Realty Trust, Inc.  | 76392 | 4372678 |
| Four Corners Property Trust, Inc.  | 59569 | 1432039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin Street Properties Corp., <br> Class C <br>| 91410 | 95066 |
| Gaming & Leisure Properties, Inc.  | 163139 | 7101441 |
| Getty Realty Corp.  | 30448 | 866855 |
| Gladstone Commercial Corp.  | 28551 | 315774 |
| Global Net Lease, Inc.  | 112756 | 925727 |
| Healthcare Realty Trust, Inc.  | 206379 | 3762289 |
| Healthpeak Properties, Inc.  | 401106 | 7324196 |
| Highwoods Properties, Inc.  | 61318 | 1704640 |
| Host Hotels & Resorts, Inc.  | 371332 | 6546583 |
| Hudson Pacific Properties, Inc. \* | 221301 | 438176 |
| Independence Realty Trust, Inc.  | 133493 | 2289405 |
| Industrial Logistics Properties Trust  | 34509 | 191180 |
| Innovative Industrial Properties, Inc.  | 15583 | 770579 |
| InvenTrust Properties Corp.  | 42662 | 1217573 |
| Invitation Homes, Inc.  | 326659 | 9211784 |
| Iron Mountain, Inc.  | 170422 | 14715940 |
| JBG SMITH Properties  | 36301 | 661767 |
| Kilroy Realty Corp.  | 61224 | 2625897 |
| Kimco Realty Corp.  | 394617 | 8152787 |
| Kite Realty Group Trust  | 127389 | 2947781 |
| Lamar Advertising Co., Class A  | 49730 | 6583755 |
| Lineage, Inc.  | 34290 | 1228268 |
| LTC Properties, Inc.  | 27419 | 1000519 |
| LXP Industrial Trust  | 33763 | 1637506 |
| Macerich Co.  | 143972 | 2499354 |
| Medical Properties Trust, Inc.  | 286127 | 1648092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment <br> Communities, Inc. <br>| 67674 | 9196220 |
| Millrose Properties, Inc.  | 80196 | 2442770 |
| National Health Investors, Inc.  | 26681 | 2120606 |
| National Storage Affiliates Trust  | 46216 | 1361061 |
| NETSTREIT Corp. *(a)* | 45463 | 833337 |
| &nbsp;&nbsp;&nbsp;&nbsp; NexPoint Diversified Real Estate <br> Trust <br>| 575 | 1662 |
| NexPoint Residential Trust, Inc.  | 12730 | 404941 |
| NNN REIT, Inc.  | 109492 | 4527494 |
| Omega Healthcare Investors, Inc.  | 169911 | 7802313 |
| One Liberty Properties, Inc.  | 10345 | 215590 |
| Orion Properties, Inc.  | 24025 | 54056 |
| Outfront Media, Inc.  | 83945 | 1975226 |
| Paramount Group, Inc. \* | 100948 | 665247 |
| Park Hotels & Resorts, Inc.  | 115490 | 1249602 |
| Peakstone Realty Trust  | 21148 | 289093 |
| Pebblebrook Hotel Trust  | 67506 | 765518 |
| Phillips Edison & Co., Inc.  | 71533 | 2539422 |
| Piedmont Realty Trust, Inc., Class A  | 72047 | 629691 |
| Plymouth Industrial REIT, Inc.  | 27397 | 601090 |
| PotlatchDeltic Corp.  | 41789 | 1681589 |
| Prologis, Inc.  | 535921 | 68881926 |
| Public Storage  | 91225 | 25044911 |
| Rayonier, Inc.  | 83377 | 1851803 |
| Realty Income Corp.  | 528584 | 30451724 |
| Regency Centers Corp.  | 94867 | 6750736 |

---

**8**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Rexford Industrial Realty, Inc.  | 137420 | 5718046 |
| RLJ Lodging Trust  | 86276 | 650521 |
| Ryman Hospitality Properties, Inc.  | 36463 | 3479664 |
| Sabra Health Care REIT, Inc.  | 136717 | 2667349 |
| Safehold, Inc.  | 36422 | 505173 |
| Saul Centers, Inc.  | 7449 | 231664 |
| SBA Communications Corp.  | 62357 | 12114094 |
| Service Properties Trust *(b)* | 90098 | 156771 |
| Sila Realty Trust, Inc.  | 31740 | 759221 |
| Simon Property Group, Inc.  | 188452 | 35112377 |
| SITE Centers Corp.  | 27000 | 198720 |
| SL Green Realty Corp.  | 41053 | 1934828 |
| Smartstop Self Storage REIT, Inc.  | 18033 | 589318 |
| STAG Industrial, Inc.  | 107925 | 4239294 |
| Summit Hotel Properties, Inc.  | 29990 | 160746 |
| Sun Communities, Inc.  | 68234 | 8791269 |
| Sunstone Hotel Investors, Inc.  | 119397 | 1117556 |
| Tanger, Inc.  | 63463 | 2131088 |
| Terreno Realty Corp.  | 60038 | 3769786 |
| UDR, Inc.  | 173266 | 6310348 |
| UMH Properties, Inc.  | 45571 | 689489 |
| Universal Health Realty Income Trust  | 6510 | 264632 |
| Urban Edge Properties  | 73329 | 1409383 |
| Ventas, Inc.  | 262832 | 21192144 |
| Veris Residential, Inc.  | 45398 | 683694 |
| VICI Properties, Inc.  | 615642 | 17742802 |
| Vornado Realty Trust  | 93578 | 3445542 |
| Welltower, Inc.  | 386001 | 80373128 |
| Weyerhaeuser Co.  | 419458 | 9316162 |
| Whitestone REIT  | 26363 | 350364 |
| WP Carey, Inc.  | 126904 | 8549522 |
| Xenia Hotels & Resorts, Inc.  | 58740 | 821185 |
|  |  | **790007003** |
| **Financial Services 7.7%** | **Financial Services 7.7%** | **Financial Services 7.7%** |
| Acadian Asset Management, Inc.  | 16901 | 757841 |
| Adamas Trust, Inc.  | 48589 | 370248 |
| Affiliated Managers Group, Inc.  | 16447 | 4421447 |
| Affirm Holdings, Inc., Class A \* | 163532 | 11602595 |
| AGNC Investment Corp.  | 607798 | 6375801 |
| Alerus Financial Corp.  | 18118 | 390262 |
| Ally Financial, Inc.  | 163308 | 6744620 |
| ALT5 Sigma Corp. \* | 72184 | 134984 |
| American Express Co.  | 313964 | 114681630 |
| Ameriprise Financial, Inc.  | 54452 | 24815954 |
| Annaly Capital Management, Inc.  | 372101 | 8483903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate <br> Finance, Inc. <br>| 73229 | 741810 |
| Apollo Global Management, Inc.  | 265770 | 35041774 |
| Arbor Realty Trust, Inc. *(a)* | 108568 | 967341 |
| ARES Management Corp., Class A  | 118481 | 18583745 |
| ARMOUR Residential REIT, Inc.  | 66702 | 1168619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, <br> Inc., Class A <br>| 40997 | 1700556 |
| Atlanticus Holdings Corp. \* | 3269 | 192708 |
| Bank of New York Mellon Corp.  | 407101 | 45636022 |
| Berkshire Hathaway, Inc., Class B \* | 1060386 | 544836931 |
| BGC Group, Inc., Class A  | 214214 | 1863662 |
| Blackrock, Inc.  | 83183 | 87117556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., <br> Class A <br>| 93102 | 1812696 |
| Blackstone, Inc.  | 426038 | 62380484 |
| Block, Inc. \* | 317493 | 21208532 |
| Blue Owl Capital, Inc.  | 359525 | 5392875 |
| Bread Financial Holdings, Inc.  | 26748 | 1811642 |
| BrightSpire Capital, Inc.  | 86181 | 483475 |
| Cannae Holdings, Inc.  | 29836 | 480360 |
| Cantaloupe, Inc. \* | 40357 | 430609 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Capital One Financial Corp.  | 369799 | 81011867 |
| Carlyle Group, Inc.  | 150837 | 8225142 |
| Cass Information Systems, Inc.  | 6983 | 293286 |
| Cboe Global Markets, Inc.  | 60345 | 15579269 |
| Charles Schwab Corp. *(c)* | 979451 | 90824491 |
| Chime Financial, Inc., Class A \* | 21000 | 443730 |
| Chimera Investment Corp.  | 46900 | 599851 |
| Claros Mortgage Trust, Inc. \* | 65632 | 218555 |
| CME Group, Inc.  | 208055 | 58559160 |
| Cohen & Steers, Inc.  | 15314 | 968611 |
| Coinbase Global, Inc., Class A \* | 130838 | 35695223 |
| Corebridge Financial, Inc.  | 162383 | 4874738 |
| Corpay, Inc. \* | 40925 | 12105615 |
| Credit Acceptance Corp. \* | 3624 | 1674179 |
| Dave, Inc. \* | 6336 | 1382895 |
| Diamond Hill Investment Group, Inc.  | 1690 | 199420 |
| DigitalBridge Group, Inc.  | 90000 | 873900 |
| Donnelley Financial Solutions, Inc. \* | 16204 | 794968 |
| Dynex Capital, Inc.  | 78794 | 1103904 |
| Ellington Financial, Inc.  | 58413 | 800258 |
| Enact Holdings, Inc.  | 15826 | 612624 |
| Encore Capital Group, Inc. \* | 12966 | 672806 |
| Enova International, Inc. \* | 14616 | 1916011 |
| Equitable Holdings, Inc.  | 173296 | 8091190 |
| Essent Group Ltd.  | 56437 | 3541986 |
| Euronet Worldwide, Inc. \* | 22302 | 1652355 |
| Evercore, Inc., Class A  | 22360 | 7156765 |
| EVERTEC, Inc.  | 36722 | 1061266 |
| EZCORP, Inc., Class A \* | 30421 | 586517 |
| FactSet Research Systems, Inc.  | 21877 | 6065836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Agricultural Mortgage Corp., <br> Class C <br>| 5714 | 981437 |
| Federated Hermes, Inc.  | 43878 | 2201359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information <br> Services, Inc. <br>| 302529 | 19897332 |
| FirstCash Holdings, Inc.  | 22813 | 3613807 |
| Fiserv, Inc. \* | 313855 | 19292667 |
| Flywire Corp. \* | 68942 | 964499 |
| Franklin BSP Realty Trust, Inc.  | 46363 | 483102 |
| Franklin Resources, Inc.  | 177055 | 3999672 |
| Galaxy Digital, Inc., Class A \* | 101305 | 2693700 |
| GCM Grosvenor, Inc., Class A  | 31873 | 349966 |
| Global Payments, Inc.  | 140164 | 10618825 |
| Goldman Sachs Group, Inc.  | 175027 | 144579303 |
| Granite Point Mortgage Trust, Inc.  | 30898 | 86823 |
| Green Dot Corp., Class A \* | 32478 | 408248 |
| &nbsp;&nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure <br> Capital, Inc. <br>| 72255 | 2482682 |
| Hamilton Lane, Inc., Class A  | 23579 | 2922263 |
| Houlihan Lokey, Inc.  | 31477 | 5521066 |
| Innventure, Inc. \**(a)* | 18548 | 106651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc., <br> Class A <br>| 257147 | 16719698 |
| Intercontinental Exchange, Inc.  | 330570 | 51998661 |
| International Money Express, Inc. \* | 17362 | 264597 |
| Invesco Ltd.  | 260560 | 6370692 |
| Invesco Mortgage Capital, Inc.  | 47093 | 386163 |
| Jack Henry & Associates, Inc.  | 42120 | 7349098 |
| Jackson Financial, Inc., Class A  | 40963 | 4014784 |
| Janus Henderson Group PLC  | 71909 | 3143142 |
| Jefferies Financial Group, Inc.  | 96018 | 5526796 |
| Jefferson Capital, Inc.  | 7000 | 146790 |
| KKR & Co., Inc.  | 396364 | 48479281 |
| KKR Real Estate Finance Trust, Inc.  | 32567 | 276494 |
| Ladder Capital Corp.  | 61845 | 683387 |
| Lazard, Inc., Class A  | 65650 | 3315325 |
| LendingClub Corp. \* | 64806 | 1172989 |
| LendingTree, Inc. \* | 6491 | 370182 |
| LPL Financial Holdings, Inc.  | 46309 | 16487856 |

---

**9**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| MarketAxess Holdings, Inc.  | 21622 | 3543630 |
| Marqeta, Inc., Class A \* | 237518 | 1137711 |
| Mastercard, Inc., Class A  | 477291 | 262763014 |
| Merchants Bancorp  | 17882 | 584563 |
| MFA Financial, Inc.  | 50000 | 481000 |
| MGIC Investment Corp.  | 134582 | 3815400 |
| Miami International Holdings, Inc. \* | 8500 | 387685 |
| Moelis & Co., Class A  | 43786 | 2809748 |
| Moody's Corp.  | 89026 | 43692180 |
| Morgan Stanley  | 701818 | 119070442 |
| Morningstar, Inc.  | 14284 | 3069060 |
| MSCI, Inc.  | 44646 | 25167843 |
| Nasdaq, Inc.  | 261960 | 23817403 |
| Navient Corp.  | 39682 | 492057 |
| NCR Atleos Corp. \* | 43461 | 1611099 |
| Nelnet, Inc., Class A  | 8378 | 1082773 |
| NerdWallet, Inc., Class A \* | 22075 | 331346 |
| NewtekOne, Inc.  | 14258 | 152275 |
| NMI Holdings, Inc., Class A \* | 46455 | 1772258 |
| Northern Trust Corp.  | 110428 | 14503614 |
| OneMain Holdings, Inc.  | 69087 | 4285467 |
| Open Lending Corp., Class A \* | 70478 | 134613 |
| Oppenheimer Holdings, Inc., Class A  | 4000 | 272120 |
| Orchid Island Capital, Inc. *(a)* | 77493 | 560274 |
| P10, Inc., Class A  | 36092 | 338543 |
| Paymentus Holdings, Inc., Class A \* | 23738 | 824183 |
| Payoneer Global, Inc. \* | 176991 | 1023008 |
| PayPal Holdings, Inc.  | 554530 | 34763486 |
| PennyMac Financial Services, Inc.  | 16537 | 2225384 |
| &nbsp;&nbsp;&nbsp;&nbsp; PennyMac Mortgage Investment <br> Trust <br>| 50245 | 645146 |
| Perella Weinberg Partners, Class A  | 39886 | 728318 |
| Piper Sandler Cos.  | 9770 | 3281743 |
| PJT Partners, Inc., Class A  | 14407 | 2420520 |
| PRA Group, Inc. \* | 20961 | 339568 |
| Priority Technology Holdings, Inc. \* | 16000 | 93600 |
| PROG Holdings, Inc.  | 23745 | 683381 |
| Radian Group, Inc.  | 78529 | 2791706 |
| Raymond James Financial, Inc.  | 102602 | 16061317 |
| Ready Capital Corp.  | 106948 | 270578 |
| Redwood Trust, Inc.  | 68167 | 375600 |
| Remitly Global, Inc. \* | 99334 | 1345479 |
| Repay Holdings Corp. \* | 40172 | 133371 |
| Rithm Capital Corp.  | 302178 | 3472025 |
| Robinhood Markets, Inc., Class A \* | 448334 | 57606436 |
| Rocket Cos., Inc., Class A  | 554993 | 11088760 |
| S&P Global, Inc.  | 180712 | 90144567 |
| SEI Investments Co.  | 54230 | 4385038 |
| Sezzle, Inc. \* | 9980 | 616265 |
| Shift4 Payments, Inc., Class A \**(a)* | 39416 | 2908112 |
| SLM Corp.  | 120625 | 3534312 |
| SoFi Technologies, Inc. \* | 691356 | 20547100 |
| Starwood Property Trust, Inc.  | 202491 | 3713685 |
| State Street Corp.  | 164194 | 19542370 |
| StepStone Group, Inc., Class A  | 41997 | 2652531 |
| Stifel Financial Corp.  | 59069 | 7206418 |
| StoneX Group, Inc. \* | 26738 | 2422730 |
| Sui Group Holdings Ltd. \* | 25000 | 50000 |
| Synchrony Financial  | 215461 | 16668063 |
| T. Rowe Price Group, Inc.  | 127149 | 13017515 |
| Toast, Inc., Class A \* | 269276 | 9206546 |
| TPG RE Finance Trust, Inc.  | 45291 | 411695 |
| TPG, Inc.  | 71781 | 4240821 |
| Tradeweb Markets, Inc., Class A  | 67143 | 7309187 |
| Two Harbors Investment Corp.  | 58376 | 591933 |
| Upstart Holdings, Inc. \* | 48150 | 2164824 |
| UWM Holdings Corp.  | 123975 | 725254 |
| Velocity Financial, Inc. \* | 7693 | 148706 |
| Victory Capital Holdings, Inc., Class A  | 28155 | 1770668 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Virtu Financial, Inc., Class A  | 46968 | 1679576 |
| Virtus Investment Partners, Inc.  | 3623 | 578195 |
| Visa, Inc., Class A  | 982158 | 328472922 |
| Voya Financial, Inc.  | 55515 | 3902704 |
| Walker & Dunlop, Inc.  | 19865 | 1284074 |
| Waterstone Financial, Inc.  | 11312 | 177146 |
| Western Union Co.  | 192734 | 1694132 |
| WEX, Inc. \* | 19834 | 2942572 |
| WisdomTree, Inc.  | 66994 | 739614 |
| World Acceptance Corp. \* | 1641 | 253797 |
|  |  | **2957879236** |
| **Food, Beverage & Tobacco 2.0%** | **Food, Beverage & Tobacco 2.0%** | **Food, Beverage & Tobacco 2.0%** |
| Altria Group, Inc.  | 973365 | 57438269 |
| Archer-Daniels-Midland Co.  | 278665 | 16926112 |
| B&G Foods, Inc.  | 50395 | 232321 |
| Boston Beer Co., Inc., Class A \* | 4521 | 880691 |
| BRC, Inc., Class A \* | 26000 | 33020 |
| Brown-Forman Corp., Class B  | 135273 | 3920212 |
| Bunge Global SA  | 81304 | 7810875 |
| Calavo Growers, Inc.  | 10745 | 220165 |
| Cal-Maine Foods, Inc.  | 24512 | 2042340 |
| Campbell's Co.  | 113150 | 3448812 |
| Celsius Holdings, Inc. \* | 91178 | 3732827 |
| Coca-Cola Co.  | 2239480 | 163750778 |
| Coca-Cola Consolidated, Inc.  | 34087 | 5554477 |
| Conagra Brands, Inc.  | 285982 | 5104779 |
| Constellation Brands, Inc., Class A  | 83446 | 11380365 |
| Darling Ingredients, Inc. \* | 91798 | 3360725 |
| Flowers Foods, Inc.  | 122240 | 1311635 |
| Fresh Del Monte Produce, Inc.  | 17160 | 620162 |
| Freshpet, Inc. \* | 27727 | 1584875 |
| General Mills, Inc.  | 311857 | 14766429 |
| Hershey Co.  | 86030 | 16180522 |
| Hormel Foods Corp.  | 168788 | 3917569 |
| Ingredion, Inc.  | 37299 | 4011134 |
| J&J Snack Foods Corp.  | 8993 | 830504 |
| J.M. Smucker Co.  | 61964 | 6455410 |
| John B Sanfilippo & Son, Inc.  | 4938 | 358647 |
| Kellanova  | 154986 | 12963029 |
| Keurig Dr. Pepper, Inc.  | 787331 | 21966535 |
| Kraft Heinz Co.  | 490802 | 12520359 |
| Lamb Weston Holdings, Inc.  | 80099 | 4730647 |
| Marzetti Co.  | 11880 | 1983247 |
| &nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. - Non Voting <br> Shares <br>| 146092 | 9858288 |
| MGP Ingredients, Inc.  | 8132 | 185491 |
| Mission Produce, Inc. \* | 22726 | 273167 |
| Molson Coors Beverage Co., Class B  | 99718 | 4637884 |
| Mondelez International, Inc., Class A  | 749231 | 43133229 |
| Monster Beverage Corp. \* | 411425 | 30852761 |
| National Beverage Corp. \* | 13228 | 450546 |
| PepsiCo, Inc.  | 790317 | 117551751 |
| Philip Morris International, Inc.  | 900284 | 141776724 |
| Pilgrim's Pride Corp.  | 22361 | 850612 |
| Post Holdings, Inc. \* | 28258 | 2939680 |
| Primo Brands Corp.  | 147352 | 2311953 |
| Seaboard Corp.  | 146 | 683217 |
| Seneca Foods Corp., Class A \* | 3050 | 368897 |
| Simply Good Foods Co. \* | 51728 | 1018007 |
| SunOpta, Inc. \* | 53619 | 201607 |
| Tootsie Roll Industries, Inc.  | 11148 | 427637 |
| TreeHouse Foods, Inc. \* | 34486 | 823871 |
| Turning Point Brands, Inc.  | 10477 | 1049376 |
| Tyson Foods, Inc., Class A  | 165459 | 9604895 |
| Universal Corp.  | 13896 | 733153 |
| Utz Brands, Inc.  | 50378 | 488163 |

---

**10**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Vita Coco Co., Inc. \* | 25281 | 1350258 |
| Vital Farms, Inc. \* | 21907 | 716359 |
|  |  | **762324998** |
| **Health Care Equipment & Services 3.9%** | **Health Care Equipment & Services 3.9%** | **Health Care Equipment & Services 3.9%** |
| Abbott Laboratories  | 1005546 | 129614879 |
| Acadia Healthcare Co., Inc. \* | 52605 | 904806 |
| AdaptHealth Corp. \* | 61991 | 598833 |
| Addus HomeCare Corp. \* | 11424 | 1373165 |
| AirSculpt Technologies, Inc. \* | 8500 | 30005 |
| Align Technology, Inc. \* | 39455 | 5807381 |
| Alignment Healthcare, Inc. \* | 83747 | 1608780 |
| Alphatec Holdings, Inc. \* | 62674 | 1413299 |
| AMN Healthcare Services, Inc. \* | 17000 | 283050 |
| AngioDynamics, Inc. \* | 23038 | 285671 |
| Ardent Health, Inc. \* | 15000 | 131700 |
| Artivion, Inc. \* | 25635 | 1196129 |
| Astrana Health, Inc. \* | 25058 | 577336 |
| AtriCure, Inc. \* | 31613 | 1141862 |
| Avanos Medical, Inc. \* | 26000 | 305240 |
| Aveanna Healthcare Holdings, Inc. \* | 34711 | 324201 |
| Axogen, Inc. \* | 25831 | 740058 |
| Baxter International, Inc.  | 295730 | 5541980 |
| Becton Dickinson & Co.  | 166245 | 32254855 |
| Beta Bionics, Inc. \* | 23230 | 728028 |
| Bioventus, Inc., Class A \* | 20431 | 155071 |
| Boston Scientific Corp. \* | 855605 | 86912356 |
| BrightSpring Health Services, Inc. \* | 63932 | 2311781 |
| Brookdale Senior Living, Inc. \* | 131379 | 1462248 |
| Butterfly Network, Inc. \* | 167326 | 518711 |
| Cardinal Health, Inc.  | 137927 | 29276385 |
| Castle Biosciences, Inc. \* | 14871 | 594096 |
| Cencora, Inc.  | 111898 | 41282529 |
| Centene Corp. \* | 270928 | 10658308 |
| Certara, Inc. \* | 50000 | 458000 |
| Cerus Corp. \* | 149376 | 262902 |
| Chemed Corp.  | 8514 | 3739264 |
| Cigna Group  | 154506 | 42841424 |
| Claritev Corp. \* | 5000 | 270350 |
| Clover Health Investments Corp. \* | 236265 | 588300 |
| Community Health Systems, Inc. \* | 69110 | 239121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Concentra Group Holdings Parent, <br> Inc. <br>| 71249 | 1464879 |
| CONMED Corp.  | 17906 | 777479 |
| Cooper Cos., Inc. \* | 117303 | 9141423 |
| CorVel Corp. \* | 18666 | 1365978 |
| Cross Country Healthcare, Inc. \* | 18304 | 187799 |
| CVS Health Corp.  | 733842 | 58971543 |
| DaVita, Inc. \* | 21621 | 2587601 |
| Definitive Healthcare Corp. \* | 56609 | 160770 |
| Dentsply Sirona, Inc.  | 116566 | 1321858 |
| Dexcom, Inc. \* | 227381 | 14431872 |
| DocGo, Inc. \* | 50316 | 51825 |
| Doximity, Inc., Class A \* | 79541 | 4091589 |
| Edwards Lifesciences Corp. \* | 339135 | 29392830 |
| Elevance Health, Inc.  | 130431 | 44119590 |
| Embecta Corp.  | 32500 | 414538 |
| Encompass Health Corp.  | 57814 | 6719143 |
| Enovis Corp. \* | 33019 | 999485 |
| Ensign Group, Inc.  | 33114 | 6143972 |
| Envista Holdings Corp. \* | 100277 | 2095789 |
| Evolent Health, Inc., Class A \* | 50000 | 210000 |
| Fulgent Genetics, Inc. \* | 15924 | 471032 |
| GE HealthCare Technologies, Inc.  | 265086 | 21204229 |
| GeneDx Holdings Corp. \* | 12226 | 2041131 |
| Glaukos Corp. \* | 33571 | 3568262 |
| Globus Medical, Inc., Class A \* | 66501 | 6054251 |
| GoodRx Holdings, Inc., Class A \* | 51033 | 143403 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Guardant Health, Inc. \* | 71662 | 7769594 |
| Haemonetics Corp. \* | 29324 | 2385507 |
| HCA Healthcare, Inc.  | 94593 | 48080676 |
| Health Catalyst, Inc. \* | 75403 | 225455 |
| HealthEquity, Inc. \* | 50574 | 5319373 |
| HealthStream, Inc.  | 12523 | 314953 |
| HeartFlow, Inc. \* | 10000 | 322500 |
| Henry Schein, Inc. \* | 60558 | 4515810 |
| Hims & Hers Health, Inc. \* | 119791 | 4762890 |
| Hinge Health, Inc., Class A \* | 9000 | 440190 |
| Hologic, Inc. \* | 130378 | 9774439 |
| Humana, Inc.  | 69532 | 17088880 |
| ICU Medical, Inc. \* | 14942 | 2217990 |
| IDEXX Laboratories, Inc. \* | 46086 | 34697228 |
| Innovage Holding Corp. \* | 12684 | 66972 |
| Inspire Medical Systems, Inc. \* | 17079 | 2124798 |
| Insulet Corp. \* | 40522 | 13258393 |
| Integer Holdings Corp. \* | 20828 | 1503365 |
| Integra LifeSciences Holdings Corp. \* | 39132 | 513412 |
| Intuitive Surgical, Inc. \* | 207001 | 118710934 |
| iRadimed Corp.  | 4917 | 458363 |
| iRhythm Technologies, Inc. \* | 18379 | 3455436 |
| Kestra Medical Technologies Ltd. \* | 8000 | 215840 |
| Kindly MD, Inc. \* | 220624 | 110312 |
| Labcorp Holdings, Inc.  | 47892 | 12872412 |
| Lantheus Holdings, Inc. \* | 40108 | 2361158 |
| LeMaitre Vascular, Inc.  | 11326 | 939492 |
| LifeStance Health Group, Inc. \* | 110390 | 717535 |
| LivaNova PLC \* | 30888 | 1970963 |
| Masimo Corp. \* | 26209 | 3732948 |
| McKesson Corp.  | 71874 | 63329619 |
| Medtronic PLC  | 739656 | 77907966 |
| Merit Medical Systems, Inc. \* | 34285 | 2968738 |
| Molina Healthcare, Inc. \* | 31584 | 4682644 |
| National HealthCare Corp.  | 7150 | 974474 |
| Neogen Corp. \* | 148344 | 887097 |
| NeoGenomics, Inc. \* | 74271 | 898679 |
| Novocure Ltd. \* | 58332 | 747233 |
| Omada Health, Inc. \**(a)* | 5000 | 93650 |
| OmniAb, Inc., Class A \**(d)* | 3072 | 0 |
| OmniAb, Inc., Class B \**(d)* | 3072 | 0 |
| Omnicell, Inc. \* | 26432 | 965032 |
| OPKO Health, Inc. \* | 323543 | 440018 |
| Option Care Health, Inc. \* | 95191 | 2960440 |
| OraSure Technologies, Inc. \* | 50552 | 120314 |
| Orthofix Medical, Inc. \* | 24938 | 401252 |
| PACS Group, Inc. \* | 28000 | 935480 |
| Pediatrix Medical Group, Inc. \* | 51519 | 1241093 |
| Pennant Group, Inc. \* | 21982 | 608901 |
| Penumbra, Inc. \* | 22533 | 6606000 |
| Phreesia, Inc. \* | 30738 | 629822 |
| Privia Health Group, Inc. \* | 70121 | 1708849 |
| PROCEPT BioRobotics Corp. \* | 34223 | 1084185 |
| Progyny, Inc. \* | 44910 | 1184277 |
| Pulse Biosciences, Inc. \**(a)* | 10923 | 149536 |
| Quest Diagnostics, Inc.  | 65046 | 12305402 |
| QuidelOrtho Corp. \* | 41858 | 1144816 |
| RadNet, Inc. \* | 39232 | 3248017 |
| ResMed, Inc.  | 84534 | 21626333 |
| Schrodinger, Inc. \* | 32450 | 569822 |
| Select Medical Holdings Corp.  | 65624 | 1016516 |
| Semler Scientific, Inc. \* | 9013 | 195762 |
| Senseonics Holdings, Inc. \* | 22534 | 139260 |
| SI-BONE, Inc. \* | 21723 | 422730 |
| Sight Sciences, Inc. \* | 20000 | 167200 |
| Solventum Corp. \* | 84592 | 7212314 |
| STAAR Surgical Co. \* | 31006 | 822899 |
| STERIS PLC  | 56783 | 15120177 |
| Stryker Corp.  | 198477 | 73670693 |

---

**11**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Surgery Partners, Inc. \* | 49130 | 838649 |
| Tandem Diabetes Care, Inc. \* | 39081 | 821092 |
| Teladoc Health, Inc. \* | 97770 | 742074 |
| Teleflex, Inc.  | 26589 | 3042313 |
| Tenet Healthcare Corp. \* | 51040 | 11067514 |
| TransMedics Group, Inc. \* | 20763 | 3037835 |
| Treace Medical Concepts, Inc. \* | 30833 | 91882 |
| TruBridge, Inc. \* | 8348 | 183322 |
| U.S. Physical Therapy, Inc.  | 8652 | 638950 |
| UFP Technologies, Inc. \* | 4146 | 939857 |
| UnitedHealth Group, Inc.  | 523643 | 172681752 |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Health Services, Inc., <br> Class B <br>| 33256 | 8102159 |
| Varex Imaging Corp. \* | 24000 | 277680 |
| Veeva Systems, Inc., Class A \* | 87079 | 20924213 |
| Waystar Holding Corp. \* | 66364 | 2449495 |
| Zimmer Biomet Holdings, Inc.  | 115508 | 11264340 |
|  |  | **1471782560** |
| **Household & Personal Products 0.9%** | **Household & Personal Products 0.9%** | **Household & Personal Products 0.9%** |
| Beauty Health Co. \* | 44164 | 65363 |
| BellRing Brands, Inc. \* | 73652 | 2275110 |
| Central Garden & Pet Co. \* | 5310 | 181390 |
| Central Garden & Pet Co., Class A \* | 27672 | 856172 |
| Church & Dwight Co., Inc.  | 141250 | 12028850 |
| Clorox Co.  | 71185 | 7683709 |
| Colgate-Palmolive Co.  | 468456 | 37659178 |
| Coty, Inc., Class A \* | 211865 | 703392 |
| Edgewell Personal Care Co.  | 20000 | 357200 |
| elf Beauty, Inc. \* | 34499 | 2627789 |
| Energizer Holdings, Inc.  | 38925 | 709603 |
| Estee Lauder Cos., Inc., Class A  | 142052 | 13362832 |
| Herbalife Ltd. \* | 60559 | 770916 |
| Interparfums, Inc.  | 10272 | 834805 |
| Kenvue, Inc.  | 1112346 | 19299203 |
| Kimberly-Clark Corp.  | 192038 | 20955186 |
| Medifast, Inc. \**(b)* | 7873 | 86367 |
| Nu Skin Enterprises, Inc., Class A  | 27870 | 275634 |
| Oil-Dri Corp. of America  | 3077 | 167481 |
| Procter & Gamble Co.  | 1354320 | 200656051 |
| Reynolds Consumer Products, Inc.  | 30778 | 768834 |
| Spectrum Brands Holdings, Inc.  | 15263 | 905859 |
| WD-40 Co.  | 7752 | 1517842 |
|  |  | **324748766** |
| **Insurance 1.9%** | **Insurance 1.9%** | **Insurance 1.9%** |
| Abacus Global Management, Inc. \* | 21503 | 142565 |
| Aflac, Inc.  | 278162 | 30684050 |
| Allstate Corp.  | 152201 | 32415769 |
| American Financial Group, Inc.  | 39810 | 5482633 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Integrity Insurance Group, <br> Inc. \*<br>| 5000 | 105700 |
| American International Group, Inc.  | 320651 | 24420780 |
| AMERISAFE, Inc.  | 10631 | 433745 |
| Aon PLC, Class A  | 124474 | 44053838 |
| Arch Capital Group Ltd. \* | 215120 | 20204070 |
| Arthur J Gallagher & Co.  | 148198 | 36696789 |
| Assurant, Inc.  | 29238 | 6670942 |
| Assured Guaranty Ltd.  | 25862 | 2341546 |
| Axis Capital Holdings Ltd.  | 45333 | 4634846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baldwin Insurance Group, Inc., <br> Class A \*<br>| 42646 | 1215837 |
| Bowhead Specialty Holdings, Inc. \* | 10983 | 305877 |
| Brighthouse Financial, Inc. \* | 32369 | 2121788 |
| Brown & Brown, Inc.  | 169700 | 13648971 |
| Chubb Ltd.  | 214082 | 63406807 |
| Cincinnati Financial Corp.  | 90718 | 15203430 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| CNA Financial Corp.  | 11814 | 552305 |
| CNO Financial Group, Inc.  | 54170 | 2217178 |
| Donegal Group, Inc., Class A  | 9441 | 190047 |
| Employers Holdings, Inc.  | 14150 | 563878 |
| Erie Indemnity Co., Class A  | 14817 | 4378275 |
| Everest Group Ltd.  | 24307 | 7639447 |
| F&G Annuities & Life, Inc.  | 13387 | 432534 |
| Fidelity National Financial, Inc.  | 148009 | 8796175 |
| First American Financial Corp.  | 58554 | 3850511 |
| Genworth Financial, Inc., Class A \* | 238015 | 2065970 |
| Globe Life, Inc.  | 46627 | 6282056 |
| Goosehead Insurance, Inc., Class A  | 14266 | 1020732 |
| Hagerty, Inc., Class A \* | 23635 | 315764 |
| Hanover Insurance Group, Inc.  | 20664 | 3834205 |
| Hartford Insurance Group, Inc.  | 162711 | 22296288 |
| HCI Group, Inc.  | 5969 | 1060990 |
| Heritage Insurance Holdings, Inc. \* | 13097 | 380468 |
| Hippo Holdings, Inc. \* | 13164 | 431516 |
| Horace Mann Educators Corp.  | 23222 | 1063103 |
| Kemper Corp.  | 36499 | 1486239 |
| Kinsale Capital Group, Inc.  | 12736 | 4902086 |
| Lemonade, Inc. \* | 36391 | 2842865 |
| Lincoln National Corp.  | 96410 | 3966307 |
| Loews Corp.  | 98561 | 10631775 |
| Markel Group, Inc. \* | 7268 | 15120638 |
| Marsh & McLennan Cos., Inc.  | 284681 | 52224729 |
| MBIA, Inc. \* | 29457 | 222400 |
| Mercury General Corp.  | 15341 | 1428554 |
| MetLife, Inc.  | 322722 | 24707596 |
| Octave Specialty Group, Inc. \* | 23471 | 211004 |
| Old Republic International Corp.  | 131888 | 6080037 |
| Oscar Health, Inc., Class A \* | 123970 | 2227741 |
| Palomar Holdings, Inc. \* | 15348 | 1906375 |
| Primerica, Inc.  | 18425 | 4741121 |
| Principal Financial Group, Inc.  | 117542 | 9969912 |
| ProAssurance Corp. \* | 31629 | 761626 |
| Progressive Corp.  | 339207 | 77607170 |
| Prudential Financial, Inc.  | 203923 | 22074665 |
| Reinsurance Group of America, Inc.  | 38343 | 7280185 |
| RenaissanceRe Holdings Ltd.  | 27338 | 7139866 |
| RLI Corp.  | 53343 | 3289129 |
| Root, Inc., Class A \* | 8000 | 647120 |
| Ryan Specialty Holdings, Inc.  | 66072 | 3836801 |
| Safety Insurance Group, Inc.  | 8127 | 617815 |
| Selective Insurance Group, Inc.  | 34910 | 2742530 |
| Selectquote, Inc. \* | 94737 | 137369 |
| SiriusPoint Ltd. \* | 61106 | 1271005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Skyward Specialty Insurance Group, <br> Inc. \*<br>| 22368 | 1095137 |
| Slide Insurance Holdings, Inc. \* | 15000 | 253350 |
| Stewart Information Services Corp.  | 15032 | 1151902 |
| Tiptree, Inc.  | 11411 | 214299 |
| Travelers Cos., Inc.  | 129950 | 38057157 |
| Trupanion, Inc. \* | 19538 | 689496 |
| United Fire Group, Inc.  | 12402 | 453293 |
| Universal Insurance Holdings, Inc.  | 14165 | 469286 |
| Unum Group  | 90314 | 6861155 |
| W.R. Berkley Corp.  | 173769 | 13500114 |
| &nbsp;&nbsp;&nbsp;&nbsp; White Mountains Insurance Group <br> Ltd. <br>| 1471 | 2977672 |
| Willis Towers Watson PLC  | 56312 | 18076152 |
|  |  | **725435098** |
| **Materials 2.0%** | **Materials 2.0%** | **Materials 2.0%** |
| AdvanSix, Inc.  | 15186 | 233713 |
| Air Products & Chemicals, Inc.  | 128432 | 33527174 |
| Albemarle Corp.  | 68027 | 8842830 |
| Alcoa Corp.  | 149634 | 6245723 |

---

**12**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Alpha Metallurgical Resources, Inc. \* | 6446 | 1026268 |
| Amcor PLC  | 1330047 | 11332000 |
| Amrize Ltd. \* | 296920 | 15294349 |
| AptarGroup, Inc.  | 38428 | 4793893 |
| Ashland, Inc.  | 27099 | 1433537 |
| ASP Isotopes, Inc. \* | 46592 | 289802 |
| Aspen Aerogels, Inc. \* | 38316 | 123377 |
| Avery Dennison Corp.  | 44914 | 7741826 |
| Avient Corp.  | 53007 | 1621484 |
| Axalta Coating Systems Ltd. \* | 126157 | 3801110 |
| Balchem Corp.  | 18897 | 2951900 |
| Ball Corp.  | 157460 | 7798994 |
| Cabot Corp.  | 30884 | 1932412 |
| Celanese Corp.  | 64059 | 2668057 |
| Century Aluminum Co. \* | 31180 | 934465 |
| CF Industries Holdings, Inc.  | 93930 | 7392291 |
| Chemours Co.  | 85487 | 1093379 |
| Clearwater Paper Corp. \* | 9826 | 178735 |
| Cleveland-Cliffs, Inc. \* | 329110 | 4291594 |
| Coeur Mining, Inc. \* | 368842 | 6369901 |
| Commercial Metals Co.  | 64838 | 4135368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Compass Minerals International, <br> Inc. \*<br>| 19584 | 371900 |
| Corteva, Inc.  | 392272 | 26466592 |
| CRH PLC  | 387899 | 46532364 |
| Crown Holdings, Inc.  | 66583 | 6447232 |
| Dow, Inc.  | 408840 | 9750834 |
| DuPont de Nemours, Inc.  | 241733 | 9613721 |
| Eagle Materials, Inc.  | 18772 | 4199672 |
| Eastman Chemical Co.  | 67121 | 4166872 |
| Ecolab, Inc.  | 147349 | 40544551 |
| Ecovyst, Inc. \* | 58999 | 542791 |
| Element Solutions, Inc.  | 129791 | 3364183 |
| FMC Corp.  | 71787 | 1025836 |
| Freeport-McMoRan, Inc.  | 828728 | 35618729 |
| Graphic Packaging Holding Co.  | 171787 | 2779514 |
| Greif, Inc., Class A  | 17742 | 1164407 |
| Hawkins, Inc.  | 12036 | 1564921 |
| HB Fuller Co.  | 31391 | 1829467 |
| Hecla Mining Co.  | 382896 | 6440311 |
| Huntsman Corp.  | 114866 | 1196904 |
| Ingevity Corp. \* | 20710 | 1081683 |
| Innospec, Inc.  | 14337 | 1071834 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, <br> Inc. <br>| 148505 | 10318127 |
| International Paper Co.  | 305662 | 12067536 |
| Ivanhoe Electric, Inc. \* | 55522 | 794520 |
| Kaiser Aluminum Corp.  | 8783 | 843607 |
| Knife River Corp. \* | 32476 | 2430504 |
| Koppers Holdings, Inc.  | 11766 | 349097 |
| Linde PLC  | 271121 | 111246369 |
| Louisiana-Pacific Corp.  | 36398 | 2985000 |
| LSB Industries, Inc. \* | 30165 | 269373 |
| LyondellBasell Industries NV, Class A  | 148971 | 7298089 |
| Martin Marietta Materials, Inc.  | 34745 | 21654474 |
| Materion Corp.  | 12241 | 1495728 |
| Mativ Holdings, Inc.  | 32416 | 404876 |
| McEwen, Inc. \* | 26273 | 488941 |
| Mercer International, Inc.  | 26000 | 47060 |
| Metallus, Inc. \* | 21884 | 370058 |
| Minerals Technologies, Inc.  | 18123 | 1062914 |
| Mosaic Co.  | 183720 | 4499303 |
| MP Materials Corp. \* | 77445 | 4797718 |
| Myers Industries, Inc.  | 21359 | 385744 |
| NewMarket Corp.  | 4507 | 3441230 |
| Newmont Corp.  | 634063 | 57528536 |
| Nucor Corp.  | 132788 | 21178358 |
| O-I Glass, Inc. \* | 90134 | 1215006 |
| Olin Corp.  | 66483 | 1402791 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Orion SA  | 32170 | 163424 |
| Packaging Corp. of America  | 51469 | 10503279 |
| Perimeter Solutions, Inc. \* | 79518 | 2216962 |
| PPG Industries, Inc.  | 130648 | 13070026 |
| PureCycle Technologies, Inc. \* | 86434 | 760619 |
| Quaker Chemical Corp.  | 8023 | 1105971 |
| Ramaco Resources, Inc., Class A \* | 24162 | 379102 |
| Ranpak Holdings Corp. \* | 25000 | 123500 |
| Reliance, Inc.  | 30294 | 8461720 |
| Royal Gold, Inc.  | 46633 | 9505671 |
| RPM International, Inc.  | 74442 | 7983904 |
| Ryerson Holding Corp.  | 16065 | 368370 |
| Scotts Miracle-Gro Co.  | 25724 | 1456493 |
| Sealed Air Corp.  | 83469 | 3584994 |
| Sensient Technologies Corp.  | 24325 | 2371444 |
| Sherwin-Williams Co.  | 133830 | 45996033 |
| Silgan Holdings, Inc.  | 51470 | 2040271 |
| Smurfit WestRock PLC  | 301902 | 10774882 |
| Solstice Advanced Materials, Inc. \* | 91608 | 4367869 |
| Sonoco Products Co.  | 57117 | 2408624 |
| Steel Dynamics, Inc.  | 80130 | 13448218 |
| Stepan Co.  | 12000 | 543960 |
| SunCoke Energy, Inc.  | 46368 | 302319 |
| Sylvamo Corp.  | 20186 | 956211 |
| TriMas Corp.  | 17857 | 608388 |
| Tronox Holdings PLC  | 50913 | 210780 |
| U.S. Lime & Minerals, Inc.  | 6371 | 774522 |
| USA Rare Earth, Inc. \**(a)* | 31762 | 427199 |
| Vulcan Materials Co.  | 76225 | 22657119 |
| Warrior Met Coal, Inc.  | 29892 | 2340245 |
| Westlake Corp.  | 18983 | 1268254 |
| Worthington Steel, Inc.  | 19751 | 666596 |
|  |  | **782250428** |
| **Media & Entertainment 9.1%** | **Media & Entertainment 9.1%** | **Media & Entertainment 9.1%** |
| Advantage Solutions, Inc. \* | 52105 | 49479 |
| Alphabet, Inc., Class A  | 3363277 | 1076854030 |
| Alphabet, Inc., Class C  | 2699995 | 864322399 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMC Entertainment Holdings, Inc., <br> Class A \*<br>| 297133 | 727976 |
| Angi, Inc. \* | 21656 | 247312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlanta Braves Holdings, Inc., <br> Class C \*<br>| 32957 | 1311689 |
| Bumble, Inc., Class A \* | 50807 | 180365 |
| Cable One, Inc.  | 2650 | 310553 |
| Cargurus, Inc. \* | 50265 | 1773349 |
| Cars.com, Inc. \* | 36310 | 421196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications, Inc., <br> Class A \*<br>| 53725 | 10751447 |
| Cinemark Holdings, Inc.  | 60450 | 1655121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, <br> Inc. \*<br>| 227902 | 453525 |
| Comcast Corp., Class A  | 2125772 | 56736855 |
| DoubleVerify Holdings, Inc. \* | 79205 | 834821 |
| EchoStar Corp., Class A \* | 77893 | 5708778 |
| Electronic Arts, Inc.  | 130335 | 26331580 |
| Emerald Holding, Inc.  | 11476 | 42002 |
| Eventbrite, Inc., Class A \* | 50316 | 125287 |
| EverQuote, Inc., Class A \* | 15097 | 398410 |
| EW Scripps Co., Class A \**(b)* | 37958 | 160562 |
| Fox Corp., Class A  | 198601 | 13008365 |
| fuboTV, Inc. \* | 202348 | 615138 |
| Gray Media, Inc.  | 48831 | 240249 |
| Grindr, Inc. \* | 27637 | 354583 |
| IAC, Inc. \* | 39960 | 1401397 |
| Ibotta, Inc., Class A \* | 5000 | 119300 |
| iHeartMedia, Inc., Class A \* | 66900 | 262917 |
| Integral Ad Science Holding Corp. \* | 56574 | 581581 |

---

**13**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| John Wiley & Sons, Inc., Class A  | 24217 | 880530 |
| Liberty Broadband Corp., Class C \* | 77819 | 3602242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Formula <br> One, Class C \*<br>| 142088 | 13637606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Live, <br> Class C \*<br>| 39834 | 3155251 |
| Lionsgate Studios Corp. \* | 129093 | 963034 |
| Live Nation Entertainment, Inc. \* | 91664 | 12049233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Square Garden <br> Entertainment Corp. \*<br>| 23590 | 1166997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Square Garden Sports <br> Corp. \*<br>| 10331 | 2355778 |
| Magnite, Inc. \* | 82560 | 1212806 |
| Match Group, Inc.  | 137583 | 4582890 |
| MediaAlpha, Inc., Class A \* | 19325 | 246587 |
| Meta Platforms, Inc., Class A  | 1254049 | 812561050 |
| MNTN, Inc., Class A \**(a)* | 6500 | 88725 |
| National CineMedia, Inc.  | 54656 | 235567 |
| Netflix, Inc. \* | 2456890 | 264312226 |
| New York Times Co., Class A  | 93784 | 6049068 |
| News Corp., Class A  | 296807 | 7622004 |
| Nexstar Media Group, Inc.  | 16434 | 3157629 |
| Nextdoor Holdings, Inc. \* | 144098 | 252172 |
| NIQ Global Intelligence PLC \**(a)* | 28000 | 440160 |
| Omnicom Group, Inc.  | 184769 | 13233157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Optimum Communications, Inc., <br> Class A \*<br>| 159400 | 302860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Paramount Skydance Corp., <br> Class B *(a)*<br>| 179981 | 2883296 |
| Pinterest, Inc., Class A \* | 345945 | 9036083 |
| Playtika Holding Corp.  | 84785 | 343379 |
| PubMatic, Inc., Class A \* | 24127 | 217384 |
| QuinStreet, Inc. \* | 33798 | 471820 |
| Reddit, Inc., Class A \* | 71576 | 15494057 |
| ROBLOX Corp., Class A \* | 373103 | 35455978 |
| Roku, Inc. \* | 74595 | 7220050 |
| Rumble, Inc. \**(a)* | 64692 | 437965 |
| Scholastic Corp.  | 13332 | 393827 |
| Shutterstock, Inc.  | 13500 | 281070 |
| Sinclair, Inc.  | 22849 | 360100 |
| Sirius XM Holdings, Inc.  | 109693 | 2332073 |
| Snap, Inc., Class A \* | 641266 | 4924923 |
| Sphere Entertainment Co. \* | 17674 | 1495044 |
| Stagwell, Inc. \* | 59908 | 321107 |
| Take-Two Interactive Software, Inc. \* | 100290 | 24678360 |
| TechTarget, Inc. \* | 14188 | 74203 |
| TEGNA, Inc.  | 93183 | 1818932 |
| Thryv Holdings, Inc. \* | 27129 | 152736 |
| TKO Group Holdings, Inc.  | 39853 | 7727098 |
| Trade Desk, Inc., Class A \* | 259620 | 10270567 |
| TripAdvisor, Inc. \* | 67768 | 1007710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trump Media & Technology Group <br> Corp. \*<br>| 94313 | 1088372 |
| USA TODAY Co., Inc. \* | 72357 | 362509 |
| Walt Disney Co.  | 1039697 | 108617146 |
| Warner Bros Discovery, Inc. \* | 1427339 | 34256136 |
| Warner Music Group Corp., Class A  | 83679 | 2363095 |
| Webtoon Entertainment, Inc. \**(a)* | 9000 | 125190 |
| Yelp, Inc. \* | 34751 | 1004651 |
| Ziff Davis, Inc. \* | 27276 | 895198 |
| ZipRecruiter, Inc., Class A \* | 43376 | 206036 |
| ZoomInfo Technologies, Inc. \* | 162385 | 1610859 |
|  |  | **3496014792** |
| **Pharmaceuticals, Biotechnology & Life Sciences 6.4%** | **Pharmaceuticals, Biotechnology & Life Sciences 6.4%** | **Pharmaceuticals, Biotechnology & Life Sciences 6.4%** |
| 10X Genomics, Inc., Class A \* | 62784 | 1180967 |
| 4D Molecular Therapeutics, Inc. \* | 20000 | 233200 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| AbbVie, Inc.  | 1021033 | 232489214 |
| Absci Corp. \**(a)* | 66414 | 210532 |
| ACADIA Pharmaceuticals, Inc. \* | 69480 | 1739779 |
| Adaptive Biotechnologies Corp. \* | 63960 | 1257454 |
| ADMA Biologics, Inc. \* | 138910 | 2664294 |
| Agilent Technologies, Inc.  | 164587 | 25264104 |
| Agios Pharmaceuticals, Inc. \* | 34014 | 993209 |
| Akebia Therapeutics, Inc. \* | 158634 | 250642 |
| Akero Therapeutics, Inc. \* | 41280 | 2243981 |
| Alector, Inc. \* | 50092 | 66622 |
| Alkermes PLC \* | 95886 | 2836308 |
| Alnylam Pharmaceuticals, Inc. \* | 75685 | 34151342 |
| Alumis, Inc. \* | 36092 | 276826 |
| Amgen, Inc.  | 311495 | 107609063 |
| Amicus Therapeutics, Inc. \* | 180018 | 1787579 |
| Amneal Pharmaceuticals, Inc. \* | 102665 | 1285366 |
| Amphastar Pharmaceuticals, Inc. \* | 21605 | 598458 |
| Amylyx Pharmaceuticals, Inc. \* | 42430 | 635601 |
| AnaptysBio, Inc. \* | 9728 | 405171 |
| Anavex Life Sciences Corp. \**(a)* | 48389 | 185330 |
| ANI Pharmaceuticals, Inc. \* | 9525 | 808196 |
| Annexon, Inc. \* | 60184 | 270828 |
| Apellis Pharmaceuticals, Inc. \* | 62050 | 1321665 |
| Apogee Therapeutics, Inc. \* | 26943 | 1939088 |
| Arbutus Biopharma Corp. \* | 84957 | 374660 |
| Arcellx, Inc. \* | 24283 | 1765617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arcturus Therapeutics Holdings, <br> Inc. \*<br>| 15000 | 101850 |
| Arcus Biosciences, Inc. \* | 50948 | 1329743 |
| Arcutis Biotherapeutics, Inc. \* | 68420 | 2097073 |
| Ardelyx, Inc. \* | 141947 | 823293 |
| ArriVent Biopharma, Inc. \* | 22008 | 504863 |
| Arrowhead Pharmaceuticals, Inc. \* | 80497 | 4242192 |
| ARS Pharmaceuticals, Inc. \* | 31094 | 296637 |
| Arvinas, Inc. \* | 46677 | 587430 |
| Astria Therapeutics, Inc. \* | 16000 | 202400 |
| Atea Pharmaceuticals, Inc. \* | 46807 | 145102 |
| Avadel Pharmaceuticals PLC \* | 56310 | 1210102 |
| Avantor, Inc. \* | 393366 | 4614183 |
| Avidity Biosciences, Inc. \* | 77903 | 5585645 |
| Axsome Therapeutics, Inc. \* | 24682 | 3739323 |
| Azenta, Inc. \* | 23585 | 838683 |
| Beam Therapeutics, Inc. \* | 61141 | 1548701 |
| Bicara Therapeutics, Inc. \* | 24554 | 455722 |
| BioCryst Pharmaceuticals, Inc. \* | 121104 | 869527 |
| Biogen, Inc. \* | 84951 | 15468728 |
| Biohaven Ltd. \* | 49188 | 493356 |
| BioLife Solutions, Inc. \* | 26022 | 689583 |
| BioMarin Pharmaceutical, Inc. \* | 112739 | 6305492 |
| Bio-Rad Laboratories, Inc., Class A \* | 10744 | 3490296 |
| Bio-Techne Corp.  | 91890 | 5927824 |
| &nbsp;&nbsp;&nbsp;&nbsp; BridgeBio Oncology Therapeutics, <br> Inc. \**(a)*<br>| 27500 | 338525 |
| Bridgebio Pharma, Inc. \* | 97522 | 7022559 |
| Bristol-Myers Squibb Co.  | 1174936 | 57806851 |
| Bruker Corp.  | 64204 | 3133797 |
| C4 Therapeutics, Inc. \* | 27023 | 73232 |
| CareDx, Inc. \* | 30083 | 537583 |
| Caribou Biosciences, Inc. \* | 77790 | 150913 |
| Catalyst Pharmaceuticals, Inc. \* | 63902 | 1495946 |
| Celcuity, Inc. \* | 19123 | 1934100 |
| Celldex Therapeutics, Inc. \* | 37404 | 1010656 |
| CG oncology, Inc. \* | 38801 | 1739837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories <br> International, Inc. \*<br>| 28240 | 5030674 |
| Cidara Therapeutics, Inc. \* | 10516 | 2312258 |
| Cogent Biosciences, Inc. \* | 86328 | 3472112 |
| Coherus Oncology, Inc. \**(a)* | 89887 | 122246 |
| Collegium Pharmaceutical, Inc. \* | 19395 | 905359 |

---

**14**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Contineum Therapeutics, Inc., <br> Class A \*<br>| 10500 | 116235 |
| Corcept Therapeutics, Inc. \* | 55217 | 4384230 |
| CorMedix, Inc. \**(a)* | 40070 | 393087 |
| Crinetics Pharmaceuticals, Inc. \* | 54289 | 2473407 |
| CRISPR Therapeutics AG \* | 53126 | 2840647 |
| CryoPort, Inc. \* | 36070 | 346993 |
| Cullinan Therapeutics, Inc. \* | 29727 | 337996 |
| Cytek Biosciences, Inc. \* | 61202 | 345791 |
| Cytokinetics, Inc. \* | 68526 | 4668676 |
| Danaher Corp.  | 369079 | 83699736 |
| Day One Biopharmaceuticals, Inc. \* | 45610 | 432839 |
| Denali Therapeutics, Inc. \* | 84217 | 1639705 |
| Design Therapeutics, Inc. \* | 26443 | 248300 |
| Dianthus Therapeutics, Inc. \* | 17495 | 769430 |
| Disc Medicine, Inc. \* | 17241 | 1609620 |
| Dynavax Technologies Corp. \* | 60006 | 682268 |
| Dyne Therapeutics, Inc. \* | 79316 | 1737020 |
| Edgewise Therapeutics, Inc. \* | 39820 | 1036913 |
| Editas Medicine, Inc. \* | 94541 | 227844 |
| Elanco Animal Health, Inc. \* | 288627 | 6716350 |
| Eli Lilly & Co.  | 459566 | 494249446 |
| Emergent BioSolutions, Inc. \* | 29676 | 331481 |
| Enanta Pharmaceuticals, Inc. \* | 10879 | 153611 |
| Enliven Therapeutics, Inc. \* | 22438 | 484661 |
| Erasca, Inc. \* | 124264 | 393917 |
| Ethzilla Corp. \**(a)* | 8317 | 88826 |
| Evolus, Inc. \* | 18000 | 128880 |
| Exact Sciences Corp. \* | 109644 | 11105841 |
| Exelixis, Inc. \* | 155804 | 6881863 |
| EyePoint Pharmaceuticals, Inc. \* | 45585 | 676025 |
| Fortrea Holdings, Inc. \* | 52453 | 666678 |
| Fulcrum Therapeutics, Inc. \* | 29774 | 325728 |
| Geron Corp. \* | 311110 | 367110 |
| Gilead Sciences, Inc.  | 716311 | 90140576 |
| Ginkgo Bioworks Holdings, Inc. \* | 26477 | 245707 |
| Gossamer Bio, Inc. \* | 110045 | 367550 |
| GRAIL, Inc. \* | 16046 | 1771318 |
| Halozyme Therapeutics, Inc. \* | 67365 | 4809861 |
| Harmony Biosciences Holdings, Inc. \* | 21999 | 776345 |
| Harrow, Inc. \* | 19602 | 818972 |
| Heron Therapeutics, Inc. \* | 82155 | 95300 |
| Humacyte, Inc. \**(a)* | 67764 | 91481 |
| Ideaya Biosciences, Inc. \* | 50214 | 1788623 |
| Illumina, Inc. \* | 88305 | 11607692 |
| ImmunityBio, Inc. \**(a)* | 169165 | 399229 |
| Immunome, Inc. \* | 43392 | 799281 |
| Immunovant, Inc. \* | 38275 | 924341 |
| Incyte Corp. \* | 94593 | 9881185 |
| Indivior PLC \* | 72033 | 2420309 |
| Innoviva, Inc. \* | 32819 | 713157 |
| Insmed, Inc. \* | 122257 | 25401337 |
| Intellia Therapeutics, Inc. \* | 67799 | 609513 |
| Ionis Pharmaceuticals, Inc. \* | 92526 | 7654676 |
| Iovance Biotherapeutics, Inc. \* | 220608 | 544902 |
| IQVIA Holdings, Inc. \* | 98668 | 22694627 |
| Ironwood Pharmaceuticals, Inc. \* | 85184 | 298144 |
| Janux Therapeutics, Inc. \* | 27817 | 948281 |
| Jazz Pharmaceuticals PLC \* | 35479 | 6263108 |
| Johnson & Johnson  | 1391765 | 287984014 |
| KalVista Pharmaceuticals, Inc. \* | 23406 | 338685 |
| Keros Therapeutics, Inc. \* | 19973 | 349128 |
| Kodiak Sciences, Inc. \* | 20592 | 473204 |
| Krystal Biotech, Inc. \* | 14809 | 3228362 |
| Kura Oncology, Inc. \* | 46979 | 570325 |
| Kymera Therapeutics, Inc. \* | 30106 | 2043595 |
| Kyverna Therapeutics, Inc. \* | 15000 | 115050 |
| LENZ Therapeutics, Inc. \**(a)* | 13688 | 417758 |
| Lexicon Pharmaceuticals, Inc. \* | 108276 | 154835 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Ligand Pharmaceuticals, Inc. \* | 10966 | 2228072 |
| Liquidia Corp. \* | 39245 | 1280564 |
| Lyell Immunopharma, Inc. \* | 9101 | 218424 |
| Madrigal Pharmaceuticals, Inc. \* | 10712 | 6394850 |
| MannKind Corp. \* | 192388 | 1029276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Maravai LifeSciences Holdings, Inc., <br> Class A \*<br>| 50101 | 181366 |
| Maze Therapeutics, Inc. \* | 16140 | 609285 |
| MBX Biosciences, Inc. \* | 9000 | 310410 |
| Medpace Holdings, Inc. \* | 12803 | 7585265 |
| Merck & Co., Inc.  | 1442328 | 151199244 |
| Mesa Laboratories, Inc.  | 2000 | 160400 |
| Mettler-Toledo International, Inc. \* | 11908 | 17584782 |
| MiMedx Group, Inc. \* | 64947 | 446835 |
| Mind Medicine MindMed, Inc. \* | 54575 | 690374 |
| Mineralys Therapeutics, Inc. \* | 29566 | 1274886 |
| Mirum Pharmaceuticals, Inc. \* | 24138 | 1763281 |
| Moderna, Inc. \* | 202961 | 5272927 |
| Monte Rosa Therapeutics, Inc. \* | 34135 | 551963 |
| Myriad Genetics, Inc. \* | 53632 | 409212 |
| Natera, Inc. \* | 79176 | 18908021 |
| Nektar Therapeutics \* | 12102 | 789171 |
| Neumora Therapeutics, Inc. \* | 50316 | 112708 |
| Neurocrine Biosciences, Inc. \* | 56952 | 8665816 |
| Niagen Bioscience, Inc. \* | 33211 | 224838 |
| Novavax, Inc. \* | 96487 | 680233 |
| Nurix Therapeutics, Inc. \* | 54816 | 969147 |
| Nuvalent, Inc., Class A \* | 29816 | 3260380 |
| Nuvation Bio, Inc. \* | 144173 | 1157709 |
| Ocular Therapeutix, Inc. \* | 97827 | 1188598 |
| Olema Pharmaceuticals, Inc. \* | 28000 | 792960 |
| Omeros Corp. \* | 35283 | 341892 |
| Organogenesis Holdings, Inc. \* | 45792 | 237203 |
| Organon & Co.  | 150978 | 1164040 |
| ORIC Pharmaceuticals, Inc. \* | 46206 | 548927 |
| Oruka Therapeutics, Inc. \* | 18000 | 541800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pacific Biosciences of California, <br> Inc. \*<br>| 171263 | 397330 |
| Pacira BioSciences, Inc. \* | 25914 | 610793 |
| Perrigo Co. PLC  | 78172 | 1043596 |
| Perspective Therapeutics, Inc. \* | 62316 | 146443 |
| Pfizer, Inc.  | 3282517 | 84491988 |
| Phathom Pharmaceuticals, Inc. \* | 21727 | 339376 |
| Phibro Animal Health Corp., Class A  | 11372 | 476259 |
| Praxis Precision Medicines, Inc. \* | 12897 | 2533745 |
| Precigen, Inc. \* | 106261 | 406980 |
| Prestige Consumer Healthcare, Inc. \* | 29646 | 1765419 |
| Prime Medicine, Inc. \* | 42580 | 162656 |
| ProKidney Corp. \**(a)* | 63558 | 141099 |
| Protagonist Therapeutics, Inc. \* | 32961 | 2966490 |
| Prothena Corp. PLC \* | 22200 | 238650 |
| PTC Therapeutics, Inc. \* | 44577 | 3833176 |
| Rapport Therapeutics, Inc. \* | 14035 | 416980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Recursion Pharmaceuticals, Inc., <br> Class A \*<br>| 255482 | 1182882 |
| Regeneron Pharmaceuticals, Inc.  | 58810 | 45882974 |
| REGENXBIO, Inc. \* | 25000 | 334750 |
| Relay Therapeutics, Inc. \* | 83716 | 663031 |
| Repligen Corp. \* | 30344 | 5189431 |
| Replimune Group, Inc. \* | 41085 | 410850 |
| Revolution Medicines, Inc. \* | 102693 | 7985408 |
| Revvity, Inc.  | 67195 | 7015830 |
| Rezolute, Inc. \* | 46228 | 449336 |
| Rhythm Pharmaceuticals, Inc. \* | 34969 | 3814768 |
| Rigel Pharmaceuticals, Inc. \* | 10304 | 520249 |
| Rocket Pharmaceuticals, Inc. \* | 50732 | 173503 |
| Roivant Sciences Ltd. \* | 245223 | 5103091 |
| Royalty Pharma PLC, Class A  | 219878 | 8799518 |
| Sana Biotechnology, Inc. \* | 123319 | 530272 |

---

**15**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Sarepta Therapeutics, Inc. \* | 50000 | 1067000 |
| Savara, Inc. \* | 66005 | 415171 |
| Scholar Rock Holding Corp. \* | 48444 | 2134443 |
| Septerna, Inc. \**(a)* | 18921 | 549087 |
| SIGA Technologies, Inc.  | 21784 | 132011 |
| Sionna Therapeutics, Inc. \* | 7386 | 321808 |
| Soleno Therapeutics, Inc. \* | 28115 | 1418402 |
| Sotera Health Co. \* | 119791 | 2093947 |
| Spyre Therapeutics, Inc. \* | 38245 | 1147350 |
| Standard BioTools, Inc. \* | 177844 | 266766 |
| Stoke Therapeutics, Inc. \* | 28492 | 880688 |
| Summit Therapeutics, Inc. \**(a)* | 91205 | 1631657 |
| Supernus Pharmaceuticals, Inc. \* | 32029 | 1460202 |
| Syndax Pharmaceuticals, Inc. \* | 52303 | 1036645 |
| Tango Therapeutics, Inc. \* | 39106 | 426646 |
| Tarsus Pharmaceuticals, Inc. \* | 23482 | 1877621 |
| Taysha Gene Therapies, Inc. \* | 129368 | 613204 |
| Tempus AI, Inc. \* | 57705 | 4496951 |
| Terns Pharmaceuticals, Inc. \* | 40092 | 1126986 |
| TG Therapeutics, Inc. \* | 78693 | 2617329 |
| Theravance Biopharma, Inc. \* | 21785 | 442235 |
| Thermo Fisher Scientific, Inc.  | 218161 | 128896064 |
| Third Harmonic Bio, Inc. \**(d)* | 12349 | 247 |
| Travere Therapeutics, Inc. \* | 54343 | 1924286 |
| Trevi Therapeutics, Inc. \* | 58274 | 768634 |
| Twist Bioscience Corp. \* | 34920 | 1117789 |
| Tyra Biosciences, Inc. \* | 13115 | 295874 |
| Ultragenyx Pharmaceutical, Inc. \* | 59016 | 2050806 |
| uniQure NV \* | 35000 | 962850 |
| United Therapeutics Corp. \* | 26287 | 12775482 |
| Upstream Bio, Inc. \* | 20416 | 583898 |
| Vanda Pharmaceuticals, Inc. \* | 40221 | 215585 |
| Vaxcyte, Inc. \* | 67002 | 3323969 |
| Ventyx Biosciences, Inc. \* | 40316 | 403160 |
| Vera Therapeutics, Inc. \* | 36803 | 1242101 |
| Veracyte, Inc. \* | 45813 | 2168787 |
| Vericel Corp. \* | 28210 | 1135452 |
| Vertex Pharmaceuticals, Inc. \* | 148025 | 64185120 |
| Viatris, Inc.  | 686428 | 7337915 |
| Viking Therapeutics, Inc. \* | 64644 | 2379546 |
| Vir Biotechnology, Inc. \* | 61739 | 396364 |
| Viridian Therapeutics, Inc. \* | 47864 | 1529733 |
| Waters Corp. \* | 34754 | 14020459 |
| WaVe Life Sciences Ltd. \* | 68245 | 529581 |
| West Pharmaceutical Services, Inc.  | 41681 | 11556057 |
| Xencor, Inc. \* | 42945 | 743807 |
| Xeris Biopharma Holdings, Inc. \* | 93436 | 670870 |
| Zenas Biopharma, Inc. \* | 16334 | 634249 |
| Zoetis, Inc.  | 255912 | 32802800 |
|  |  | **2439410483** |
| **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** |
| Anywhere Real Estate, Inc. \* | 64614 | 920750 |
| CBRE Group, Inc., Class A \* | 169413 | 27416106 |
| Compass, Inc., Class A \* | 259699 | 2706064 |
| CoStar Group, Inc. \* | 244451 | 16818229 |
| Cushman & Wakefield Ltd. \* | 133132 | 2229961 |
| eXp World Holdings, Inc. *(a)* | 66301 | 752516 |
| Forestar Group, Inc. \* | 11870 | 302922 |
| FRP Holdings, Inc. \* | 7078 | 164988 |
| Howard Hughes Holdings, Inc. \* | 17571 | 1573132 |
| Jones Lang LaSalle, Inc. \* | 27133 | 8836947 |
| Kennedy-Wilson Holdings, Inc.  | 70344 | 684447 |
| Marcus & Millichap, Inc.  | 13834 | 405336 |
| Newmark Group, Inc., Class A  | 93317 | 1621849 |
| Opendoor Technologies, Inc. \* | 403289 | 3105325 |
| RE/MAX Holdings, Inc., Class A \* | 10296 | 84633 |
| RMR Group, Inc., Class A  | 9000 | 137250 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Seaport Entertainment Group, Inc. \* | 4944 | 106098 |
| Seritage Growth Properties, Class A \* | 25000 | 93500 |
| St. Joe Co.  | 24258 | 1463485 |
| Tejon Ranch Co. \* | 14392 | 233582 |
| Zillow Group, Inc., Class C \* | 129199 | 9609822 |
|  |  | **79266942** |
| **Semiconductors & Semiconductor Equipment 12.9%** | **Semiconductors & Semiconductor Equipment 12.9%** | **Semiconductors & Semiconductor Equipment 12.9%** |
| ACM Research, Inc., Class A \* | 32335 | 1080312 |
| Advanced Micro Devices, Inc. \* | 938200 | 204086646 |
| Aehr Test Systems \* | 16000 | 367520 |
| Allegro MicroSystems, Inc. \* | 74338 | 1984081 |
| Alpha & Omega Semiconductor Ltd. \* | 14070 | 285340 |
| Ambarella, Inc. \* | 22760 | 1688337 |
| Ambiq Micro, Inc. \* | 3000 | 73530 |
| Amkor Technology, Inc.  | 66608 | 2423865 |
| Analog Devices, Inc.  | 286939 | 76136394 |
| Applied Materials, Inc.  | 464108 | 117071243 |
| Astera Labs, Inc. \* | 74880 | 11798842 |
| Axcelis Technologies, Inc. \* | 17933 | 1484315 |
| Blaize Holdings, Inc. \**(a)* | 32965 | 82413 |
| Broadcom, Inc.  | 2719456 | 1095831990 |
| CEVA, Inc. \* | 12725 | 274733 |
| Cirrus Logic, Inc. \* | 29723 | 3576866 |
| Cohu, Inc. \* | 26430 | 642778 |
| &nbsp;&nbsp;&nbsp;&nbsp; Credo Technology Group Holding <br> Ltd. \*<br>| 87295 | 15503592 |
| Diodes, Inc. \* | 26410 | 1220406 |
| Enphase Energy, Inc. \* | 76433 | 2205092 |
| Entegris, Inc.  | 87751 | 6769112 |
| First Solar, Inc. \* | 61958 | 16909577 |
| FormFactor, Inc. \* | 44120 | 2427482 |
| Ichor Holdings Ltd. \* | 20572 | 345610 |
| Impinj, Inc. \* | 15016 | 2580800 |
| indie Semiconductor, Inc., Class A \* | 139823 | 497770 |
| Intel Corp. \* | 2529322 | 102589300 |
| KLA Corp.  | 76205 | 89576691 |
| Kulicke & Soffa Industries, Inc.  | 30938 | 1395613 |
| Lam Research Corp.  | 731758 | 114154248 |
| Lattice Semiconductor Corp. \* | 80015 | 5617853 |
| &nbsp;&nbsp;&nbsp;&nbsp; MACOM Technology Solutions <br> Holdings, Inc. \*<br>| 36860 | 6450131 |
| Marvell Technology, Inc.  | 497676 | 44492234 |
| MaxLinear, Inc. \* | 50706 | 789493 |
| Microchip Technology, Inc.  | 312011 | 16717549 |
| Micron Technology, Inc.  | 647059 | 153016512 |
| MKS, Inc.  | 38861 | 6077472 |
| Monolithic Power Systems, Inc.  | 27619 | 25635127 |
| Navitas Semiconductor Corp. \**(a)* | 111118 | 971171 |
| NVIDIA Corp.  | 14107572 | 2497040244 |
| NXP Semiconductors NV  | 145883 | 28438432 |
| ON Semiconductor Corp. \* | 237721 | 11943103 |
| Onto Innovation, Inc. \* | 28086 | 4020792 |
| PDF Solutions, Inc. \* | 16361 | 443383 |
| Penguin Solutions, Inc. \* | 29587 | 598545 |
| Photronics, Inc. \* | 36181 | 828907 |
| Power Integrations, Inc.  | 32866 | 1104298 |
| Qnity Electronics, Inc.  | 120866 | 9801024 |
| Qorvo, Inc. \* | 48987 | 4207494 |
| QUALCOMM, Inc.  | 623665 | 104831850 |
| Rambus, Inc. \* | 62688 | 5991092 |
| Rigetti Computing, Inc. \* | 187601 | 4796958 |
| Semtech Corp. \* | 49339 | 3658980 |
| Silicon Laboratories, Inc. \* | 18518 | 2362527 |
| SiTime Corp. \* | 12730 | 3789721 |
| SkyWater Technology, Inc. \* | 16425 | 252781 |
| Skyworks Solutions, Inc.  | 85872 | 5663258 |
| SolarEdge Technologies, Inc. \* | 34363 | 1255280 |

---

**16**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Synaptics, Inc. \* | 22381 | 1533322 |
| Teradyne, Inc.  | 92052 | 16743338 |
| Texas Instruments, Inc.  | 524825 | 88312303 |
| Ultra Clean Holdings, Inc. \* | 28390 | 719970 |
| Universal Display Corp.  | 25688 | 3055074 |
| Veeco Instruments, Inc. \* | 33219 | 970991 |
|  |  | **4937195707** |
| **Software & Services 11.1%** | **Software & Services 11.1%** | **Software & Services 11.1%** |
| 8x8, Inc. \* | 98425 | 190945 |
| A10 Networks, Inc.  | 43711 | 752703 |
| Accenture PLC, Class A  | 360253 | 90063250 |
| ACI Worldwide, Inc. \* | 60823 | 2850166 |
| Adeia, Inc.  | 60220 | 744921 |
| Adobe, Inc. \* | 245155 | 78481470 |
| Agilysys, Inc. \* | 14795 | 1819193 |
| Akamai Technologies, Inc. \* | 82954 | 7426042 |
| Alarm.com Holdings, Inc. \* | 29119 | 1513023 |
| Alkami Technology, Inc. \* | 47063 | 1003383 |
| Amplitude, Inc., Class A \* | 50837 | 522604 |
| Appfolio, Inc., Class A \* | 12965 | 2959650 |
| Appian Corp., Class A \* | 23706 | 957722 |
| Applied Digital Corp. \* | 135021 | 3659069 |
| AppLovin Corp., Class A \* | 156495 | 93815623 |
| Asana, Inc., Class A \* | 56246 | 724448 |
| ASGN, Inc. \* | 25480 | 1146855 |
| Atlassian Corp., Class A \* | 96114 | 14370965 |
| Aurora Innovation, Inc. \* | 671169 | 2812198 |
| Autodesk, Inc. \* | 123239 | 37383318 |
| AvePoint, Inc. \* | 73196 | 951548 |
| Bentley Systems, Inc., Class B  | 86416 | 3626015 |
| BigBear.ai Holdings, Inc. \**(a)* | 215644 | 1367183 |
| Bill Holdings, Inc. \* | 53931 | 2704640 |
| Bit Digital, Inc. \* | 189552 | 451134 |
| &nbsp;&nbsp;&nbsp;&nbsp; BitMine Immersion Technologies, <br> Inc. \*<br>| 100376 | 3324453 |
| Blackbaud, Inc. \* | 21674 | 1221980 |
| BlackLine, Inc. \* | 29391 | 1674993 |
| Blend Labs, Inc., Class A \* | 140119 | 442776 |
| Box, Inc., Class A \* | 86037 | 2541533 |
| Braze, Inc., Class A \* | 47990 | 1377313 |
| C3.ai, Inc., Class A \* | 68274 | 986559 |
| Cadence Design Systems, Inc. \* | 157145 | 49004097 |
| &nbsp;&nbsp;&nbsp;&nbsp; CCC Intelligent Solutions Holdings, <br> Inc. \*<br>| 343325 | 2557771 |
| Cipher Mining, Inc. \* | 169634 | 3452052 |
| Circle Internet Group, Inc. \* | 30800 | 2461844 |
| Cleanspark, Inc. \* | 161133 | 2433108 |
| Clear Secure, Inc., Class A  | 49089 | 1742660 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clearwater Analytics Holdings, Inc., <br> Class A \*<br>| 168517 | 3717485 |
| Cloudflare, Inc., Class A \* | 180430 | 36123890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions <br> Corp., Class A <br>| 282644 | 21964265 |
| Commerce.com, Inc. \* | 41099 | 188644 |
| Commvault Systems, Inc. \* | 25694 | 3173209 |
| Confluent, Inc., Class A \* | 166666 | 3708318 |
| Consensus Cloud Solutions, Inc. \* | 9745 | 212831 |
| Core Scientific, Inc. \* | 173299 | 2927020 |
| CoreWeave, Inc., Class A \* | 126451 | 9246097 |
| Crowdstrike Holdings, Inc., Class A \* | 144131 | 73385740 |
| CS Disco, Inc. \* | 18160 | 130026 |
| Daily Journal Corp. \* | 480 | 220027 |
| Datadog, Inc., Class A \* | 187211 | 29955632 |
| Digital Turbine, Inc. \* | 58464 | 280043 |
| DigitalOcean Holdings, Inc. \* | 39804 | 1772074 |
| Docusign, Inc. \* | 117018 | 8115198 |
| Dolby Laboratories, Inc., Class A  | 35766 | 2412417 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Domo, Inc., Class B \* | 20483 | 234326 |
| Dropbox, Inc., Class A \* | 107106 | 3200327 |
| D-Wave Quantum, Inc. \* | 196753 | 4460391 |
| DXC Technology Co. \* | 106483 | 1405576 |
| Dynatrace, Inc. \* | 175244 | 7808873 |
| Elastic NV \* | 54012 | 3809466 |
| EPAM Systems, Inc. \* | 32237 | 6028319 |
| EverCommerce, Inc. \* | 10445 | 90663 |
| Fair Isaac Corp. \* | 13847 | 25005328 |
| Fastly, Inc., Class A \* | 89295 | 1041180 |
| Five9, Inc. \* | 44355 | 868914 |
| Fortinet, Inc. \* | 374792 | 30406875 |
| Freshworks, Inc., Class A \* | 110497 | 1341434 |
| Gartner, Inc. \* | 43925 | 10223104 |
| Gen Digital, Inc.  | 326161 | 8600866 |
| Gitlab, Inc., Class A \* | 80922 | 3322657 |
| GoDaddy, Inc., Class A \* | 80270 | 10263322 |
| Grid Dynamics Holdings, Inc. \* | 38201 | 334641 |
| Guidewire Software, Inc. \* | 48572 | 10490581 |
| Hackett Group, Inc.  | 13157 | 243010 |
| HubSpot, Inc. \* | 30730 | 11287744 |
| Hut 8 Corp. \* | 56173 | 2527785 |
| I3 Verticals, Inc., Class A \* | 12243 | 289792 |
| Intapp, Inc. \* | 33552 | 1449111 |
| InterDigital, Inc.  | 14749 | 5276455 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. <br>| 538595 | 166199645 |
| Intuit, Inc.  | 161308 | 102282177 |
| Jamf Holding Corp. \* | 48401 | 625825 |
| Kaltura, Inc. \* | 39685 | 58337 |
| Klaviyo, Inc., Class A \* | 72471 | 2069772 |
| Kyndryl Holdings, Inc. \* | 134450 | 3472843 |
| Life360, Inc. \* | 44788 | 3565573 |
| LiveRamp Holdings, Inc. \* | 36693 | 1058593 |
| Manhattan Associates, Inc. \* | 35069 | 6187925 |
| MARA Holdings, Inc. \* | 215129 | 2540673 |
| Microsoft Corp.  | 4297712 | 2114517281 |
| MongoDB, Inc. \* | 47255 | 15706144 |
| N-able, Inc. \* | 40035 | 288252 |
| nCino, Inc. \* | 61942 | 1529967 |
| NCR Voyix Corp. \* | 82216 | 831204 |
| NextNav, Inc. \* | 51056 | 725506 |
| Nutanix, Inc., Class A \* | 155267 | 7421763 |
| Okta, Inc. \* | 97242 | 7811450 |
| OneSpan, Inc.  | 20734 | 252955 |
| Onestream, Inc. \* | 48664 | 1013671 |
| Oracle Corp.  | 958184 | 193505259 |
| PagerDuty, Inc. \* | 54078 | 648936 |
| Palantir Technologies, Inc., Class A \* | 1314933 | 221500464 |
| Palo Alto Networks, Inc. \* | 386434 | 73472696 |
| PAR Technology Corp. \* | 24475 | 844632 |
| Pegasystems, Inc.  | 52174 | 2857570 |
| Pivotal Software, Inc. \**(d)* | 45214 | 0 |
| Porch Group, Inc. \* | 56583 | 548289 |
| Procore Technologies, Inc. \* | 67262 | 4981424 |
| Progress Software Corp. \* | 23397 | 968870 |
| PROS Holdings, Inc. \* | 30168 | 701104 |
| PTC, Inc. \* | 69654 | 12219401 |
| Q2 Holdings, Inc. \* | 35483 | 2559389 |
| Qualys, Inc. \* | 20543 | 2893482 |
| Rapid7, Inc. \* | 32000 | 501760 |
| Red Violet, Inc.  | 7620 | 412928 |
| RingCentral, Inc., Class A \* | 46189 | 1304377 |
| Riot Platforms, Inc. \* | 187621 | 3026327 |
| Roper Technologies, Inc.  | 62330 | 27812893 |
| Rubrik, Inc., Class A \* | 77041 | 5340482 |
| SailPoint, Inc. \* | 44363 | 817166 |
| Salesforce, Inc.  | 552495 | 127372197 |
| Samsara, Inc., Class A \* | 174274 | 6627640 |

---

**17**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| SEMrush Holdings, Inc., Class A \* | 27224 | 322060 |
| SentinelOne, Inc., Class A \* | 186124 | 3017070 |
| ServiceNow, Inc. \* | 120286 | 97721549 |
| ServiceTitan, Inc., Class A \* | 31945 | 2854605 |
| Snowflake, Inc., Class A \* | 193042 | 48499872 |
| SoundHound AI, Inc., Class A \**(a)* | 219668 | 2646999 |
| Sprinklr, Inc., Class A \* | 64654 | 467448 |
| Sprout Social, Inc., Class A \* | 30450 | 303587 |
| SPS Commerce, Inc. \* | 21732 | 1810710 |
| Strategy, Inc., Class A \* | 153363 | 27172856 |
| Synopsys, Inc. \* | 106744 | 44620059 |
| Telos Corp. \* | 25850 | 149413 |
| Tenable Holdings, Inc. \* | 70407 | 1867194 |
| Teradata Corp. \* | 54754 | 1568155 |
| Terawulf, Inc. \* | 178755 | 2772490 |
| TON Strategy Co. \* | 28000 | 95480 |
| Tucows, Inc., Class A \* | 7627 | 165277 |
| Twilio, Inc., Class A \* | 89329 | 11585078 |
| Tyler Technologies, Inc. \* | 24905 | 11695886 |
| UiPath, Inc., Class A \* | 244939 | 3394855 |
| Unisys Corp. \* | 25000 | 67000 |
| Unity Software, Inc. \* | 195763 | 8323843 |
| Varonis Systems, Inc. \* | 63926 | 2114033 |
| VeriSign, Inc.  | 48569 | 12238902 |
| Vertex, Inc., Class A \* | 43910 | 863710 |
| Weave Communications, Inc. \* | 43991 | 280663 |
| Whitefiber, Inc. \**(a)* | 5600 | 120008 |
| Workday, Inc., Class A \* | 124644 | 26875739 |
| Workiva, Inc. \* | 29892 | 2766804 |
| Xperi, Inc. \* | 25564 | 148016 |
| Yext, Inc. \* | 59673 | 502447 |
| Zeta Global Holdings Corp., Class A \* | 113762 | 2076157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoom Communications, Inc., <br> Class A \*<br>| 150612 | 12795996 |
| Zscaler, Inc. \* | 57659 | 14501238 |
|  |  | **4248544904** |
| **Technology Hardware & Equipment 8.6%** | **Technology Hardware & Equipment 8.6%** | **Technology Hardware & Equipment 8.6%** |
| 908 Devices, Inc. \* | 15500 | 98425 |
| ADTRAN Holdings, Inc. \* | 39994 | 317152 |
| Advanced Energy Industries, Inc.  | 21689 | 4580500 |
| Aeva Technologies, Inc. \* | 19296 | 215150 |
| Amphenol Corp., Class A  | 704761 | 99300825 |
| Apple, Inc.  | 8580413 | 2392648165 |
| Applied Optoelectronics, Inc. \* | 34156 | 914698 |
| Arista Networks, Inc. \* | 596083 | 77896126 |
| Arlo Technologies, Inc. \* | 64492 | 935134 |
| Arrow Electronics, Inc. \* | 30028 | 3243324 |
| Avnet, Inc.  | 49843 | 2368041 |
| Badger Meter, Inc.  | 16933 | 3023218 |
| Bel Fuse, Inc., Class B  | 7025 | 1082061 |
| Belden, Inc.  | 22968 | 2604571 |
| Benchmark Electronics, Inc.  | 20116 | 903812 |
| Calix, Inc. \* | 33832 | 1869895 |
| CDW Corp.  | 75666 | 10912551 |
| Ciena Corp. \* | 81601 | 16663740 |
| Cisco Systems, Inc.  | 2289601 | 176161901 |
| Clearfield, Inc. \* | 6800 | 199648 |
| Cognex Corp.  | 95624 | 3643274 |
| Coherent Corp. \* | 89958 | 14776501 |
| CommScope Holding Co., Inc. \* | 125303 | 2473481 |
| CompoSecure, Inc., Class A \* | 26773 | 531980 |
| Corning, Inc.  | 449550 | 37852110 |
| Corsair Gaming, Inc. \* | 25300 | 164956 |
| Crane NXT Co.  | 27859 | 1568462 |
| CTS Corp.  | 17456 | 738913 |
| Daktronics, Inc. \* | 22690 | 429522 |
| Dell Technologies, Inc., Class C  | 175618 | 23418660 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Diebold Nixdorf, Inc. \* | 21264 | 1371953 |
| Digi International, Inc. \* | 20614 | 862284 |
| ePlus, Inc.  | 14708 | 1317837 |
| Evolv Technologies Holdings, Inc. \* | 81188 | 518791 |
| Extreme Networks, Inc. \* | 73685 | 1289488 |
| F5, Inc. \* | 33147 | 7927437 |
| Fabrinet \* | 20585 | 9456955 |
| Flex Ltd. \* | 217015 | 12827757 |
| Harmonic, Inc. \* | 64750 | 619010 |
| Hewlett Packard Enterprise Co.  | 757366 | 16563594 |
| HP, Inc.  | 544234 | 13290194 |
| Insight Enterprises, Inc. \* | 18235 | 1578604 |
| IonQ, Inc. \* | 171767 | 8468113 |
| IPG Photonics Corp. \* | 15217 | 1211882 |
| Itron, Inc. \* | 26712 | 2645557 |
| Jabil, Inc.  | 61600 | 12979736 |
| Keysight Technologies, Inc. \* | 99968 | 19788666 |
| Kimball Electronics, Inc. \* | 14244 | 411652 |
| Knowles Corp. \* | 50393 | 1132835 |
| Lightwave Logic, Inc. \**(a)* | 80632 | 349943 |
| Littelfuse, Inc.  | 14205 | 3636764 |
| Lumentum Holdings, Inc. \* | 39993 | 13004124 |
| Methode Electronics, Inc.  | 20778 | 157497 |
| MicroVision, Inc. \**(a)* | 199760 | 188154 |
| Mirion Technologies, Inc. \* | 137035 | 3565651 |
| Motorola Solutions, Inc.  | 96433 | 35649351 |
| Napco Security Technologies, Inc.  | 21098 | 852359 |
| NetApp, Inc.  | 115615 | 12898009 |
| NETGEAR, Inc. \* | 16629 | 439837 |
| NetScout Systems, Inc. \* | 39631 | 1065281 |
| nLight, Inc. \* | 30096 | 1060282 |
| Novanta, Inc. \* | 21190 | 2408455 |
| Ondas Holdings, Inc. \* | 198429 | 1567589 |
| OSI Systems, Inc. \* | 9360 | 2535156 |
| Ouster, Inc. \* | 34071 | 782270 |
| PC Connection, Inc.  | 6985 | 405409 |
| Plexus Corp. \* | 15143 | 2164692 |
| Powerfleet, Inc. NJ \* | 70184 | 348815 |
| Pure Storage, Inc., Class A \* | 179475 | 15966096 |
| Quantum Computing, Inc. \* | 79474 | 929846 |
| Ralliant Corp.  | 65682 | 3242720 |
| Red Cat Holdings, Inc. \**(a)* | 60582 | 449518 |
| Ribbon Communications, Inc. \* | 51712 | 147896 |
| Rogers Corp. \* | 9462 | 793010 |
| Sandisk Corp. \* | 79736 | 17803454 |
| Sanmina Corp. \* | 30911 | 4827216 |
| ScanSource, Inc. \* | 13215 | 543401 |
| Seagate Technology Holdings PLC  | 123029 | 34040894 |
| SmartRent, Inc. \* | 98656 | 169688 |
| Super Micro Computer, Inc. \* | 290393 | 9829803 |
| TD SYNNEX Corp.  | 44495 | 6784598 |
| TE Connectivity PLC  | 170860 | 38639989 |
| Teledyne Technologies, Inc. \* | 26826 | 13400124 |
| Trimble, Inc. \* | 137753 | 11215849 |
| TTM Technologies, Inc. \* | 60739 | 4262663 |
| Ubiquiti, Inc.  | 2402 | 1400582 |
| Viasat, Inc. \* | 78094 | 2680967 |
| Viavi Solutions, Inc. \* | 129077 | 2315641 |
| Vishay Intertechnology, Inc.  | 70795 | 967768 |
| Vontier Corp.  | 85637 | 3106910 |
| Western Digital Corp.  | 200449 | 32739335 |
| Zebra Technologies Corp., Class A \* | 29293 | 7403806 |
|  |  | **3292540553** |
| **Telecommunication Services 0.8%** | **Telecommunication Services 0.8%** | **Telecommunication Services 0.8%** |
| Anterix, Inc. \* | 11166 | 229573 |
| Array Digital Infrastructure, Inc.  | 7821 | 384637 |
| AST SpaceMobile, Inc., Class A \* | 135801 | 7632016 |

---

**18**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| AT&T, Inc.  | 4129936 | 107460935 |
| ATN International, Inc.  | 6200 | 130758 |
| Bandwidth, Inc., Class A \* | 12880 | 183411 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cogent Communications Holdings, <br> Inc. <br>| 30296 | 578048 |
| &nbsp;&nbsp;&nbsp;&nbsp; Frontier Communications Parent, <br> Inc. \*<br>| 144703 | 5487138 |
| GCI Liberty, Inc. \**(d)* | 47809 | 0 |
| GCI Liberty, Inc., Class C \* | 14761 | 491836 |
| Globalstar, Inc. \* | 28317 | 1720258 |
| Gogo, Inc. \* | 44788 | 320234 |
| IDT Corp., Class B  | 11647 | 579671 |
| Iridium Communications, Inc.  | 62990 | 1033036 |
| Liberty Global Ltd., Class C \* | 168102 | 1929811 |
| Liberty Latin America Ltd., Class C \* | 92231 | 807021 |
| Lumen Technologies, Inc. \* | 548635 | 4449430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shenandoah Telecommunications <br> Co. <br>| 29667 | 324260 |
| Telephone & Data Systems, Inc.  | 58207 | 2343996 |
| T-Mobile U.S., Inc.  | 279175 | 58350367 |
| Uniti Group, Inc.  | 102896 | 655447 |
| Verizon Communications, Inc.  | 2433925 | 100058657 |
|  |  | **295150540** |
| **Transportation 1.3%** | **Transportation 1.3%** | **Transportation 1.3%** |
| Alaska Air Group, Inc. \* | 66268 | 2840246 |
| Allegiant Travel Co. \* | 8571 | 651396 |
| American Airlines Group, Inc. \* | 379805 | 5336260 |
| ArcBest Corp.  | 13273 | 851728 |
| Avis Budget Group, Inc. \* | 9564 | 1299556 |
| CH Robinson Worldwide, Inc.  | 68142 | 10825720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Covenant Logistics Group, Inc., <br> Class A <br>| 8844 | 176349 |
| CSX Corp.  | 1076083 | 38050295 |
| Delta Air Lines, Inc.  | 375125 | 24045513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of <br> Washington, Inc. <br>| 78592 | 11545165 |
| FedEx Corp.  | 125647 | 34638365 |
| Forward Air Corp. \* | 18815 | 432181 |
| Frontier Group Holdings, Inc. \* | 47048 | 214539 |
| FTAI Infrastructure, Inc.  | 76325 | 326671 |
| Genco Shipping & Trading Ltd.  | 24986 | 472735 |
| GXO Logistics, Inc. \* | 65245 | 3310531 |
| Hertz Global Holdings, Inc. \**(a)* | 70649 | 370201 |
| Hub Group, Inc., Class A  | 36773 | 1418335 |
| JB Hunt Transport Services, Inc.  | 44614 | 7761051 |
| JetBlue Airways Corp. \* | 135531 | 619377 |
| Joby Aviation, Inc. \* | 303512 | 4379678 |
| Kirby Corp. \* | 33094 | 3756831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knight-Swift Transportation <br> Holdings, Inc. <br>| 94072 | 4308498 |
| Landstar System, Inc.  | 20228 | 2646632 |
| Lyft, Inc., Class A \* | 231274 | 4863692 |
| Marten Transport Ltd.  | 51462 | 527486 |
| Matson, Inc.  | 19027 | 2073562 |
| Norfolk Southern Corp.  | 129861 | 37931099 |
| Old Dominion Freight Line, Inc.  | 106885 | 14460472 |
| RXO, Inc. \* | 98183 | 1297979 |
| Ryder System, Inc.  | 23563 | 4081347 |
| Saia, Inc. \* | 15410 | 4338840 |
| Schneider National, Inc., Class B  | 26799 | 605925 |
| SkyWest, Inc. \* | 23397 | 2375263 |
| Southwest Airlines Co.  | 304292 | 10592405 |
| Sun Country Airlines Holdings, Inc. \* | 32843 | 449949 |
| Uber Technologies, Inc. \* | 1206075 | 105579805 |
| &nbsp;&nbsp;&nbsp;&nbsp; U-Haul Holding Co., Non Voting <br> Shares <br>| 64387 | 3097659 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Union Pacific Corp.  | 342295 | 79354250 |
| United Airlines Holdings, Inc. \* | 187143 | 19081100 |
| United Parcel Service, Inc., Class B  | 427054 | 40907503 |
| Universal Logistics Holdings, Inc.  | 3740 | 56175 |
| Werner Enterprises, Inc.  | 36736 | 938972 |
| Wheels Up Experience, Inc. \**(a)* | 73728 | 56520 |
| XPO, Inc. \* | 68720 | 9762363 |
|  |  | **502710219** |
| **Utilities 2.3%** | **Utilities 2.3%** | **Utilities 2.3%** |
| AES Corp.  | 412530 | 5800172 |
| ALLETE, Inc.  | 34598 | 2339517 |
| Alliant Energy Corp.  | 148307 | 10302887 |
| Ameren Corp.  | 156239 | 16616018 |
| American Electric Power Co., Inc.  | 309029 | 38248519 |
| American States Water Co.  | 22355 | 1649128 |
| American Water Works Co., Inc.  | 113083 | 14708706 |
| Atmos Energy Corp.  | 92586 | 16329393 |
| Avista Corp.  | 47704 | 1973992 |
| Black Hills Corp.  | 42595 | 3143085 |
| California Water Service Group  | 35170 | 1595663 |
| CenterPoint Energy, Inc.  | 377024 | 15073420 |
| Chesapeake Utilities Corp.  | 13497 | 1876893 |
| Clearway Energy, Inc., Class C  | 66461 | 2433802 |
| CMS Energy Corp.  | 173978 | 13124900 |
| Consolidated Edison, Inc.  | 208797 | 20954867 |
| Constellation Energy Corp.  | 180810 | 65879932 |
| Dominion Energy, Inc.  | 492815 | 30933998 |
| DTE Energy Co.  | 120108 | 16458399 |
| Duke Energy Corp.  | 448968 | 55645094 |
| Edison International  | 224149 | 13200135 |
| Entergy Corp.  | 257796 | 25140266 |
| Essential Utilities, Inc.  | 162703 | 6441412 |
| Evergy, Inc.  | 132228 | 10267504 |
| Eversource Energy  | 214623 | 14418373 |
| Exelon Corp.  | 584029 | 27519446 |
| FirstEnergy Corp.  | 301515 | 14388296 |
| H2O America  | 19281 | 895217 |
| Hallador Energy Co. \* | 20500 | 417995 |
| Hawaiian Electric Industries, Inc. \* | 95725 | 1125726 |
| IDACORP, Inc.  | 30799 | 4058692 |
| MDU Resources Group, Inc.  | 116547 | 2484782 |
| MGE Energy, Inc.  | 20338 | 1684393 |
| Middlesex Water Co.  | 9815 | 503608 |
| Montauk Renewables, Inc. \* | 51923 | 84634 |
| National Fuel Gas Co.  | 52326 | 4314279 |
| New Jersey Resources Corp.  | 58496 | 2812488 |
| NextEra Energy, Inc.  | 1189900 | 102676471 |
| NiSource, Inc.  | 271769 | 11993166 |
| Northwest Natural Holding Co.  | 24358 | 1204990 |
| Northwestern Energy Group, Inc.  | 36266 | 2505618 |
| NRG Energy, Inc.  | 112100 | 18999829 |
| OGE Energy Corp.  | 117440 | 5376403 |
| Oklo, Inc. \* | 67546 | 6172353 |
| ONE Gas, Inc.  | 35459 | 2969337 |
| Ormat Technologies, Inc.  | 35167 | 3970706 |
| Otter Tail Corp.  | 23894 | 1964087 |
| PG&E Corp.  | 1269550 | 20465146 |
| Pinnacle West Capital Corp.  | 69240 | 6291146 |
| Portland General Electric Co.  | 64481 | 3276924 |
| PPL Corp.  | 426881 | 15751909 |
| Public Service Enterprise Group, Inc.  | 290114 | 24230321 |
| Sempra  | 377731 | 35778680 |
| Southern Co.  | 634658 | 57830037 |
| Southwest Gas Holdings, Inc.  | 37220 | 3091121 |
| Spire, Inc.  | 34265 | 3037935 |
| Talen Energy Corp. \* | 26292 | 10366147 |
| TXNM Energy, Inc.  | 53470 | 3125321 |

---

**19**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| UGI Corp.  | 123923 | 4901155 |
| Unitil Corp.  | 10167 | 510688 |
| Vistra Corp.  | 183448 | 32811509 |
| WEC Energy Group, Inc.  | 185980 | 20842779 |
| Xcel Energy, Inc.  | 341576 | 28046805 |
| York Water Co.  | 7252 | 236633 |
|  |  | **893272847** |
| **Total Common Stocks**<br> **(Cost $17,432,926,379)** | **Total Common Stocks**<br> **(Cost $17,432,926,379)** | **38224655862** |
| **RIGHTS** 0.0% OF NET ASSETS | **RIGHTS** 0.0% OF NET ASSETS | **RIGHTS** 0.0% OF NET ASSETS |
| **Telecommunication Services 0.0%** | **Telecommunication Services 0.0%** | **Telecommunication Services 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; GCI Liberty, Inc. expires 12/17/25 <br> strike USD 27.200 \*<br>| 5665 | **35123** |
| **Total Rights**<br> **(Cost $0)** | **Total Rights**<br> **(Cost $0)** | **35123** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS |
| **Money Market Funds 0.1%** | **Money Market Funds 0.1%** | **Money Market Funds 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(e)*<br>| 19819387 | 19819387 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(e)(f)*<br>| 22859544 | 22859544 |
|  |  | **42678931** |
| **Total Short-Term Investments**<br> **(Cost $42,678,931)** | **Total Short-Term Investments**<br> **(Cost $42,678,931)** | **42678931** |
| **Total Investments in Securities**<br> **(Cost $17,475,605,310)** | **Total Investments in Securities**<br> **(Cost $17,475,605,310)** | **38267369916** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Russell 2000 Index, e-mini, <br> expires 12/19/25<br>| 47 | 5886985 | 170032 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index, e-mini, expires <br> 12/19/25<br>| 135 | 46301625 | 803260 |
|  |  |  | **973292** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $22,145,442. 

*(b)* Issuer is an affiliated company, as the investment adviser owns at least 5% of the voting securities of such company. 

*(c)* Issuer is affiliated with the fund's investment adviser.

*(d)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(e)* The rate shown is the annualized 7-day yield.

*(f)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

REIT — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

USD — U.S. Dollar

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Below is a summary of the fund's transactions with affiliated issuers and companies which are or were affiliates during the period ended November 30, 2025. An affiliated company is a company in which the investment adviser has or had an ownership of at least 5% of the voting securities of a security issue during the report period. A dash in the Value at August 31, 2025, and/or Value and Balance of Shares Held at November 30, 2025, columns means either the issuer was not held or not held as an affiliate on the stated date.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 8/31/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 11/30/25<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 11/30/25<br>| DIVIDENDS<br> RECEIVED<br>|
| **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS |
| **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** |
| TrueBlue, Inc. | $— | $— | $— | $— | ($19260)<br>| $88200 | 18000 | $— |
| **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** |
| Service Properties Trust | 242390 | 1189 | (316)<br>| 33 | (86525)<br>| 156771 | 90098 | 901 |
| **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** |
| Charles Schwab Corp. | 94381507 | 715970 | (1212349)<br>| 86428 | (3147065)<br>| 90824491 | 979451 | 264648 |
| **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** |
| Medifast, Inc. |  |  |  |  | (24091)<br>| 86367 | 7873 |  |

---

**20**

------

Schwab U.S. Broad Market ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 8/31/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 11/30/25<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 11/30/25<br>| DIVIDENDS<br> RECEIVED<br>|
| **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** |
| EW Scripps Co., Class A | $— | $414 | ($168)<br>| $58 | $47086 | $160562 | 37958 | $— |
| **Total** | **$94623897** | **$717573** | **($1212833)**<br>| **$86519** | **($3229855)**<br>| **$91316391** |  | **$265549** |

---

------

The following is a summary of the inputs used to value the fund's investments as of November 30, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks <sup>1</sup> <br>| $29769767375 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $29769767375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Services | 1471782560 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 1471782560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals, Biotechnology & Life Sciences | 2439410236 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 247 | &nbsp;&nbsp;&nbsp; 2439410483 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software & Services | 4248544904 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 4248544904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services | 295150540 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 295150540 |
| Rights |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services | 35123 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 35123 |
| Short-Term Investments <sup>1</sup> <br>| 42678931 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 42678931 |
| Futures Contracts <sup>2</sup> <br>| 973292 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 973292 |
| **Total** | **$38268342961** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$247** | &nbsp;&nbsp; **$38268343208** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at November 30, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**21**

------

Schwab Strategic Trust

Schwab 1000 Index ETF

------

**Portfolio Holdings** as of November 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS |
| **Automobiles & Components 2.2%** | **Automobiles & Components 2.2%** | **Automobiles & Components 2.2%** |
| Aptiv PLC \* | 16584 | 1286089 |
| Autoliv, Inc.  | 5374 | 634078 |
| BorgWarner, Inc.  | 16522 | 711437 |
| Ford Motor Co.  | 296113 | 3932381 |
| General Motors Co.  | 72063 | 5298072 |
| Gentex Corp.  | 16536 | 377517 |
| Lear Corp.  | 4014 | 430943 |
| Lucid Group, Inc. \**(a)* | 9269 | 126337 |
| Rivian Automotive, Inc., Class A \* | 60457 | 1019305 |
| Tesla, Inc. \* | 212321 | 91334125 |
| Thor Industries, Inc.  | 3965 | 418783 |
|  |  | **105569067** |
| **Banks 3.6%** | **Banks 3.6%** | **Banks 3.6%** |
| Bank of America Corp.  | 515398 | 27651103 |
| Bank OZK  | 7976 | 367055 |
| BOK Financial Corp.  | 1638 | 184471 |
| Cadence Bank  | 14190 | 565330 |
| Citigroup, Inc.  | 139449 | 14446916 |
| Citizens Financial Group, Inc.  | 32673 | 1767609 |
| Columbia Banking System, Inc.  | 22830 | 632848 |
| Comerica, Inc.  | 9723 | 781535 |
| Commerce Bancshares, Inc.  | 9360 | 504598 |
| Cullen/Frost Bankers, Inc.  | 4952 | 612661 |
| East West Bancorp, Inc.  | 10447 | 1114695 |
| Fifth Third Bancorp  | 50141 | 2179128 |
| First Citizens BancShares, Inc., Class A  | 798 | 1498556 |
| First Financial Bankshares, Inc.  | 9621 | 300560 |
| First Horizon Corp.  | 38346 | 856650 |
| Flagstar Bank NA  | 22595 | 276563 |
| FNB Corp.  | 27093 | 450827 |
| Glacier Bancorp, Inc.  | 9706 | 410564 |
| Hancock Whitney Corp.  | 6401 | 387837 |
| Home BancShares, Inc.  | 13496 | 378698 |
| Huntington Bancshares, Inc.  | 118830 | 1936929 |
| JPMorgan Chase & Co.  | 208056 | 65138172 |
| KeyCorp  | 70615 | 1297904 |
| M&T Bank Corp.  | 11832 | 2250683 |
| Old National Bancorp  | 26357 | 572738 |
| Pinnacle Financial Partners, Inc.  | 5892 | 540178 |
| PNC Financial Services Group, Inc.  | 29843 | 5691657 |
| Popular, Inc.  | 5087 | 583530 |
| Prosperity Bancshares, Inc.  | 7181 | 493406 |
| Regions Financial Corp.  | 67600 | 1720420 |
| Southstate Bank Corp.  | 7633 | 683230 |
| Synovus Financial Corp.  | 10607 | 511257 |
| Truist Financial Corp.  | 97681 | 4542166 |
| U.S. Bancorp  | 117889 | 5782455 |
| UMB Financial Corp.  | 5395 | 599277 |
| United Bankshares, Inc.  | 10850 | 404054 |
| Valley National Bancorp  | 36377 | 411788 |
| Webster Financial Corp.  | 12578 | 749649 |
| Wells Fargo & Co.  | 242387 | 20808924 |
| Western Alliance Bancorp  | 7813 | 636994 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Wintrust Financial Corp.  | 5030 | 674121 |
| Zions Bancorp NA  | 11108 | 591279 |
|  |  | **171989015** |
| **Capital Goods 6.7%** | **Capital Goods 6.7%** | **Capital Goods 6.7%** |
| 3M Co.  | 40315 | 6936196 |
| A.O. Smith Corp.  | 8621 | 568814 |
| AAON, Inc.  | 5083 | 475159 |
| Acuity, Inc.  | 2313 | 847529 |
| Advanced Drainage Systems, Inc.  | 5419 | 825747 |
| AECOM  | 10083 | 1039860 |
| AeroVironment, Inc. \* | 2383 | 665953 |
| AGCO Corp.  | 4622 | 489747 |
| Air Lease Corp.  | 8095 | 517513 |
| Allegion PLC  | 6547 | 1086998 |
| Allison Transmission Holdings, Inc.  | 6429 | 569995 |
| AMETEK, Inc.  | 17461 | 3455357 |
| API Group Corp. \* | 28174 | 1114563 |
| Applied Industrial Technologies, Inc.  | 2928 | 757825 |
| Archer Aviation, Inc., Class A \* | 46123 | 359298 |
| Armstrong World Industries, Inc.  | 3268 | 620070 |
| ATI, Inc. \* | 10418 | 1050134 |
| Axon Enterprise, Inc. \* | 5936 | 3206271 |
| Bloom Energy Corp., Class A \* | 16255 | 1775696 |
| Boeing Co. \* | 57264 | 10822896 |
| Builders FirstSource, Inc. \* | 8382 | 940712 |
| BWX Technologies, Inc.  | 6897 | 1233735 |
| Carlisle Cos., Inc.  | 3226 | 1026094 |
| Carpenter Technology Corp.  | 3784 | 1205355 |
| Carrier Global Corp.  | 60561 | 3323588 |
| Caterpillar, Inc.  | 35457 | 20414722 |
| Chart Industries, Inc. \* | 3335 | 680173 |
| CNH Industrial NV  | 66123 | 623540 |
| Comfort Systems USA, Inc.  | 2656 | 2594753 |
| Construction Partners, Inc., Class A \* | 3587 | 390983 |
| Core & Main, Inc., Class A \* | 14474 | 699673 |
| Crane Co.  | 3754 | 687921 |
| Cummins, Inc.  | 10414 | 5185964 |
| Curtiss-Wright Corp.  | 2833 | 1598634 |
| Deere & Co.  | 19061 | 8853644 |
| Donaldson Co., Inc.  | 8827 | 793547 |
| Dover Corp.  | 10360 | 1919501 |
| Dycom Industries, Inc. \* | 2193 | 792835 |
| Eaton Corp. PLC  | 29491 | 10200642 |
| EMCOR Group, Inc.  | 3374 | 2075246 |
| Emerson Electric Co.  | 42616 | 5684122 |
| Esab Corp.  | 4368 | 490264 |
| ESCO Technologies, Inc.  | 1927 | 410278 |
| Fastenal Co.  | 86917 | 3511447 |
| Federal Signal Corp.  | 4531 | 516534 |
| Ferguson Enterprises, Inc.  | 14934 | 3758440 |
| Flowserve Corp.  | 9783 | 698017 |
| Fluor Corp. \* | 11980 | 514301 |
| Fortive Corp.  | 25597 | 1368928 |
| Fortune Brands Innovations, Inc.  | 9060 | 467768 |
| FTAI Aviation Ltd.  | 7801 | 1351445 |
| Gates Industrial Corp. PLC \* | 19450 | 442682 |
| GATX Corp.  | 2625 | 419816 |
| GE Vernova, Inc.  | 20578 | 12342067 |
| Generac Holdings, Inc. \* | 4465 | 677028 |

---

**22**

------

Schwab 1000 Index ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| General Dynamics Corp.  | 19105 | 6526841 |
| General Electric Co.  | 80212 | 23939271 |
| Graco, Inc.  | 12531 | 1033056 |
| HEICO Corp.  | 7642 | 2421826 |
| Hexcel Corp.  | 6055 | 461573 |
| Honeywell International, Inc.  | 48092 | 9242802 |
| Howmet Aerospace, Inc.  | 30522 | 6244496 |
| Hubbell, Inc.  | 4010 | 1730034 |
| Huntington Ingalls Industries, Inc.  | 2981 | 934901 |
| IDEX Corp.  | 5687 | 989140 |
| IES Holdings, Inc. \* | 652 | 272908 |
| Illinois Tool Works, Inc.  | 20061 | 5000806 |
| Ingersoll Rand, Inc.  | 27392 | 2200673 |
| ITT, Inc.  | 5909 | 1088201 |
| JBT Marel Corp.  | 3916 | 550315 |
| Johnson Controls International PLC  | 49543 | 5762346 |
| Karman Holdings, Inc. \* | 5765 | 386428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc. \*<br>| 12748 | 970123 |
| L3Harris Technologies, Inc.  | 14136 | 3939562 |
| Lennox International, Inc.  | 2422 | 1208263 |
| Leonardo DRS, Inc.  | 5918 | 202218 |
| Lincoln Electric Holdings, Inc.  | 4159 | 995789 |
| Loar Holdings, Inc. \* | 2653 | 181598 |
| Lockheed Martin Corp.  | 15552 | 7120639 |
| Masco Corp.  | 15780 | 1023649 |
| MasTec, Inc. \* | 4613 | 986628 |
| Middleby Corp. \* | 3524 | 416537 |
| Modine Manufacturing Co. \* | 3928 | 636847 |
| Moog, Inc., Class A  | 2137 | 490826 |
| Mueller Industries, Inc.  | 8340 | 916316 |
| Nextpower, Inc., Class A \* | 11116 | 1018448 |
| Nordson Corp.  | 4049 | 962285 |
| Northrop Grumman Corp.  | 10176 | 5823216 |
| nVent Electric PLC  | 12187 | 1307300 |
| Oshkosh Corp.  | 4846 | 621160 |
| Otis Worldwide Corp.  | 29722 | 2640800 |
| Owens Corning  | 6329 | 716696 |
| PACCAR, Inc.  | 39757 | 4191183 |
| Parker-Hannifin Corp.  | 9667 | 8330054 |
| Pentair PLC  | 12499 | 1315395 |
| Primoris Services Corp.  | 4069 | 514973 |
| Quanta Services, Inc.  | 11303 | 5254539 |
| QXO, Inc. \* | 36797 | 689208 |
| RBC Bearings, Inc. \* | 2386 | 1061698 |
| Regal Rexnord Corp.  | 4990 | 728490 |
| Resideo Technologies, Inc. \* | 10327 | 340688 |
| Rocket Lab Corp. \* | 32060 | 1351008 |
| Rockwell Automation, Inc.  | 8478 | 3356101 |
| RTX Corp.  | 101302 | 17718733 |
| Simpson Manufacturing Co., Inc.  | 3150 | 527247 |
| SiteOne Landscape Supply, Inc. \* | 3428 | 460312 |
| Snap-on, Inc.  | 3921 | 1333336 |
| SPX Technologies, Inc. \* | 3785 | 813926 |
| StandardAero, Inc. \* | 10597 | 276794 |
| Stanley Black & Decker, Inc.  | 11544 | 825627 |
| Sterling Infrastructure, Inc. \* | 2270 | 781584 |
| Symbotic, Inc. \* | 3441 | 288253 |
| Textron, Inc.  | 13474 | 1120498 |
| Timken Co.  | 4779 | 388963 |
| Toro Co.  | 7622 | 531558 |
| Trane Technologies PLC  | 16825 | 7091401 |
| TransDigm Group, Inc.  | 4267 | 5803845 |
| Trex Co., Inc. \* | 8271 | 289320 |
| UFP Industries, Inc.  | 4356 | 405064 |
| United Rentals, Inc.  | 4871 | 3970742 |
| Valmont Industries, Inc.  | 1515 | 625650 |
| Vertiv Holdings Co., Class A  | 28876 | 5189883 |
| Watsco, Inc.  | 2660 | 921424 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Watts Water Technologies, Inc., Class A  | 2054 | 566658 |
| WESCO International, Inc.  | 3673 | 982197 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake Technologies <br> Corp. <br>| 12933 | 2697177 |
| Woodward, Inc.  | 4549 | 1364836 |
| WW Grainger, Inc.  | 3338 | 3166527 |
| Xylem, Inc.  | 18428 | 2592267 |
| Zurn Elkay Water Solutions Corp.  | 11251 | 536673 |
|  |  | **324448369** |
| **Commercial & Professional Services 1.1%** | **Commercial & Professional Services 1.1%** | **Commercial & Professional Services 1.1%** |
| Amentum Holdings, Inc. \* | 11384 | 325924 |
| Automatic Data Processing, Inc.  | 30679 | 7832349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp., <br> Class A <br>| 9329 | 778598 |
| Broadridge Financial Solutions, Inc.  | 8873 | 2023843 |
| CACI International, Inc., Class A \* | 1679 | 1036111 |
| Casella Waste Systems, Inc., Class A \* | 4753 | 458142 |
| Cintas Corp.  | 25921 | 4821824 |
| Clean Harbors, Inc. \* | 3872 | 881112 |
| Copart, Inc. \* | 67167 | 2618170 |
| Dayforce, Inc. \* | 12211 | 843780 |
| Equifax, Inc.  | 9381 | 1992243 |
| ExlService Holdings, Inc. \* | 12249 | 486653 |
| FTI Consulting, Inc. \* | 2369 | 386502 |
| Genpact Ltd.  | 12083 | 532377 |
| Jacobs Solutions, Inc.  | 9042 | 1218952 |
| KBR, Inc.  | 9999 | 412159 |
| Leidos Holdings, Inc.  | 9684 | 1850612 |
| MSA Safety, Inc.  | 2752 | 443898 |
| Parsons Corp. \* | 4026 | 340922 |
| Paychex, Inc.  | 24553 | 2742324 |
| Paycom Software, Inc.  | 3789 | 610673 |
| Paylocity Holding Corp. \* | 3339 | 491935 |
| RB Global, Inc.  | 14047 | 1379415 |
| Republic Services, Inc.  | 15368 | 3335778 |
| Rollins, Inc.  | 22193 | 1364426 |
| SS&C Technologies Holdings, Inc.  | 15893 | 1365844 |
| Tetra Tech, Inc.  | 19795 | 687678 |
| TransUnion  | 14757 | 1255083 |
| Veralto Corp.  | 18690 | 1891802 |
| Verisk Analytics, Inc.  | 10558 | 2376289 |
| Waste Management, Inc.  | 28076 | 6116918 |
|  |  | **52902336** |
| **Consumer Discretionary Distribution & Retail 5.5%** | **Consumer Discretionary Distribution & Retail 5.5%** | **Consumer Discretionary Distribution & Retail 5.5%** |
| Amazon.com, Inc. \* | 734316 | 171257177 |
| AutoNation, Inc. \* | 2109 | 445611 |
| AutoZone, Inc. \* | 1269 | 5018045 |
| Bath & Body Works, Inc.  | 16290 | 283609 |
| Best Buy Co., Inc.  | 14886 | 1180162 |
| Boot Barn Holdings, Inc. \* | 2280 | 441910 |
| Burlington Stores, Inc. \* | 4694 | 1183968 |
| CarMax, Inc. \* | 11337 | 438288 |
| Carvana Co. \* | 10434 | 3907533 |
| Chewy, Inc., Class A \* | 16824 | 584970 |
| Coupang, Inc. \* | 101950 | 2870912 |
| Dick's Sporting Goods, Inc.  | 5029 | 1038841 |
| Dillard's, Inc., Class A  | 225 | 150763 |
| eBay, Inc.  | 34604 | 2864865 |
| Etsy, Inc. \* | 7484 | 405782 |
| Five Below, Inc. \* | 4147 | 683799 |
| Floor & Decor Holdings, Inc., Class A \* | 8148 | 518376 |
| GameStop Corp., Class A \* | 30791 | 693721 |
| Gap, Inc.  | 17702 | 479193 |
| Genuine Parts Co.  | 10478 | 1366331 |
| Group 1 Automotive, Inc.  | 946 | 379384 |

---

**23**

------

Schwab 1000 Index ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Home Depot, Inc.  | 75293 | 26873578 |
| Lithia Motors, Inc.  | 1936 | 617274 |
| LKQ Corp.  | 19489 | 578628 |
| Lowe's Cos., Inc.  | 42451 | 10293518 |
| Murphy USA, Inc.  | 1302 | 501361 |
| Ollie's Bargain Outlet Holdings, Inc. \* | 4627 | 569630 |
| O'Reilly Automotive, Inc. \* | 64248 | 6534022 |
| Penske Automotive Group, Inc.  | 1426 | 230613 |
| Pool Corp.  | 2451 | 597064 |
| Ross Stores, Inc.  | 24750 | 4364910 |
| TJX Cos., Inc.  | 84487 | 12835265 |
| Tractor Supply Co.  | 40119 | 2197719 |
| Ulta Beauty, Inc. \* | 3394 | 1828789 |
| Urban Outfitters, Inc. \* | 4052 | 300132 |
| Wayfair, Inc., Class A \* | 7912 | 876650 |
| Williams-Sonoma, Inc.  | 9246 | 1664372 |
|  |  | **267056765** |
| **Consumer Durables & Apparel 0.6%** | **Consumer Durables & Apparel 0.6%** | **Consumer Durables & Apparel 0.6%** |
| Deckers Outdoor Corp. \* | 11202 | 986112 |
| DR Horton, Inc.  | 20965 | 3333645 |
| Garmin Ltd.  | 12376 | 2417280 |
| Hasbro, Inc.  | 10160 | 839216 |
| Installed Building Products, Inc.  | 1772 | 474931 |
| Lennar Corp., Class A  | 16888 | 2217394 |
| Lululemon Athletica, Inc. \* | 8226 | 1515065 |
| Mattel, Inc. \* | 24666 | 520946 |
| Meritage Homes Corp.  | 5271 | 385205 |
| Mohawk Industries, Inc. \* | 3955 | 458385 |
| NIKE, Inc., Class B  | 89959 | 5814050 |
| NVR, Inc. \* | 218 | 1636589 |
| PulteGroup, Inc.  | 14943 | 1900600 |
| Ralph Lauren Corp.  | 2963 | 1088399 |
| SharkNinja, Inc. \* | 5325 | 519560 |
| Somnigroup International, Inc.  | 15985 | 1462947 |
| Tapestry, Inc.  | 15731 | 1719084 |
| Taylor Morrison Home Corp. \* | 7464 | 467918 |
| Toll Brothers, Inc.  | 7415 | 1036839 |
| TopBuild Corp. \* | 2144 | 970160 |
| VF Corp.  | 25051 | 438393 |
| Whirlpool Corp. *(a)* | 4294 | 332141 |
|  |  | **30534859** |
| **Consumer Services 1.9%** | **Consumer Services 1.9%** | **Consumer Services 1.9%** |
| ADT, Inc.  | 38921 | 321098 |
| Airbnb, Inc., Class A \* | 32504 | 3802643 |
| Aramark  | 19914 | 740203 |
| Booking Holdings, Inc.  | 2454 | 12060649 |
| Boyd Gaming Corp.  | 4590 | 382347 |
| Bright Horizons Family Solutions, Inc. \* | 4274 | 439196 |
| Brinker International, Inc. \* | 3355 | 515965 |
| Caesars Entertainment, Inc. \* | 15395 | 358242 |
| Carnival Corp. \* | 82142 | 2117621 |
| Cava Group, Inc. \* | 7524 | 367848 |
| Chipotle Mexican Grill, Inc. \* | 101564 | 3505989 |
| Choice Hotels International, Inc.  | 1542 | 140723 |
| Churchill Downs, Inc.  | 5015 | 547086 |
| Darden Restaurants, Inc.  | 8866 | 1592156 |
| Domino's Pizza, Inc.  | 2390 | 1002916 |
| DoorDash, Inc., Class A \* | 28020 | 5558327 |
| DraftKings, Inc., Class A \* | 37567 | 1245722 |
| Duolingo, Inc. \* | 2968 | 568105 |
| Dutch Bros, Inc., Class A \* | 9588 | 561953 |
| Expedia Group, Inc.  | 8952 | 2288937 |
| Flutter Entertainment PLC \* | 13293 | 2775711 |
| Grand Canyon Education, Inc. \* | 2070 | 326522 |
| H&R Block, Inc.  | 10141 | 427139 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Hilton Worldwide Holdings, Inc.  | 17815 | 5077810 |
| Hyatt Hotels Corp., Class A  | 3201 | 526212 |
| Las Vegas Sands Corp.  | 23365 | 1592558 |
| Life Time Group Holdings, Inc. \* | 11451 | 319712 |
| Marriott International, Inc., Class A  | 17034 | 5191793 |
| McDonald's Corp.  | 53961 | 16826119 |
| MGM Resorts International \* | 15719 | 554724 |
| Norwegian Cruise Line Holdings Ltd. \* | 34201 | 631351 |
| Planet Fitness, Inc., Class A \* | 6399 | 716496 |
| Royal Caribbean Cruises Ltd.  | 19159 | 5101084 |
| Service Corp. International  | 10561 | 838860 |
| Starbucks Corp.  | 86107 | 7500781 |
| Stride, Inc. \* | 3251 | 206536 |
| Texas Roadhouse, Inc.  | 5002 | 876601 |
| Vail Resorts, Inc.  | 2776 | 389223 |
| Viking Holdings Ltd. \* | 13816 | 922633 |
| Wingstop, Inc.  | 2077 | 549844 |
| Wyndham Hotels & Resorts, Inc.  | 5672 | 415190 |
| Wynn Resorts Ltd.  | 6388 | 822008 |
| Yum! Brands, Inc.  | 21019 | 3220321 |
|  |  | **93926954** |
| **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** |
| Albertsons Cos., Inc., Class A  | 30853 | 565536 |
| BJ's Wholesale Club Holdings, Inc. \* | 10028 | 894799 |
| Casey's General Stores, Inc.  | 2811 | 1603563 |
| Costco Wholesale Corp.  | 33556 | 30656426 |
| Dollar General Corp.  | 16585 | 1815892 |
| Dollar Tree, Inc. \* | 14704 | 1629350 |
| Kroger Co.  | 46051 | 3098311 |
| Maplebear, Inc. \* | 13926 | 585031 |
| Performance Food Group Co. \* | 11886 | 1153774 |
| Sprouts Farmers Market, Inc. \* | 7470 | 626061 |
| Sysco Corp.  | 36162 | 2755544 |
| Target Corp.  | 34387 | 3116150 |
| U.S. Foods Holding Corp. \* | 17029 | 1339671 |
| Walmart, Inc.  | 332104 | 36700813 |
|  |  | **86540921** |
| **Energy 2.8%** | **Energy 2.8%** | **Energy 2.8%** |
| Antero Midstream Corp.  | 25725 | 463307 |
| Antero Resources Corp. \* | 22372 | 815012 |
| APA Corp.  | 27108 | 676887 |
| Baker Hughes Co.  | 74682 | 3749036 |
| Cheniere Energy, Inc.  | 16623 | 3465231 |
| Chevron Corp.  | 145618 | 22007248 |
| Chord Energy Corp.  | 4389 | 411952 |
| ConocoPhillips  | 94609 | 8390872 |
| Coterra Energy, Inc.  | 57816 | 1551781 |
| Devon Energy Corp.  | 48076 | 1781697 |
| Diamondback Energy, Inc.  | 14216 | 2169219 |
| DT Midstream, Inc.  | 7742 | 940343 |
| EOG Resources, Inc.  | 41159 | 4438998 |
| EQT Corp.  | 47231 | 2874479 |
| Expand Energy Corp.  | 18015 | 2196569 |
| Exxon Mobil Corp.  | 322571 | 37392430 |
| Halliburton Co.  | 64555 | 1692632 |
| HF Sinclair Corp.  | 11813 | 625026 |
| Kinder Morgan, Inc.  | 148175 | 4048141 |
| Marathon Petroleum Corp.  | 22995 | 4454821 |
| Matador Resources Co.  | 8948 | 379395 |
| Occidental Petroleum Corp.  | 54138 | 2273796 |
| ONEOK, Inc.  | 47741 | 3476500 |
| Ovintiv, Inc.  | 19408 | 794952 |
| Permian Resources Corp.  | 52792 | 764956 |
| Phillips 66  | 30596 | 4190428 |
| Range Resources Corp.  | 18041 | 712439 |

---

**24**

------

Schwab 1000 Index ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| SLB Ltd.  | 113014 | 4095627 |
| Targa Resources Corp.  | 16279 | 2853872 |
| TechnipFMC PLC  | 31112 | 1408129 |
| Texas Pacific Land Corp.  | 1462 | 1263592 |
| Valero Energy Corp.  | 23498 | 4153507 |
| Venture Global, Inc., Class A  | 34696 | 258832 |
| Viper Energy, Inc., Class A  | 12743 | 465502 |
| Williams Cos., Inc.  | 92514 | 5636878 |
|  |  | **136874086** |
| **Equity Real Estate Investment Trusts (REITs) 1.9%** | **Equity Real Estate Investment Trusts (REITs) 1.9%** | **Equity Real Estate Investment Trusts (REITs) 1.9%** |
| Agree Realty Corp.  | 8331 | 626658 |
| Alexandria Real Estate Equities, Inc.  | 11761 | 631213 |
| American Healthcare REIT, Inc.  | 12732 | 646531 |
| American Homes 4 Rent, Class A  | 24357 | 782347 |
| American Tower Corp.  | 35483 | 6432004 |
| AvalonBay Communities, Inc.  | 10827 | 1969864 |
| Brixmor Property Group, Inc.  | 22973 | 600514 |
| BXP, Inc.  | 11001 | 796032 |
| Camden Property Trust  | 8009 | 851677 |
| CareTrust REIT, Inc.  | 16630 | 624124 |
| Crown Castle, Inc.  | 32981 | 3010506 |
| CubeSmart  | 17364 | 646462 |
| Digital Realty Trust, Inc.  | 24236 | 3880668 |
| EastGroup Properties, Inc.  | 4052 | 734141 |
| Equinix, Inc.  | 7393 | 5569221 |
| Equity LifeStyle Properties, Inc.  | 14845 | 933305 |
| Equity Residential  | 26250 | 1620938 |
| Essential Properties Realty Trust, Inc.  | 15061 | 476831 |
| Essex Property Trust, Inc.  | 4871 | 1284093 |
| Extra Space Storage, Inc.  | 16059 | 2138577 |
| Federal Realty Investment Trust  | 5880 | 580532 |
| First Industrial Realty Trust, Inc.  | 9980 | 571255 |
| Gaming & Leisure Properties, Inc.  | 21410 | 931977 |
| Healthcare Realty Trust, Inc.  | 26668 | 486158 |
| Healthpeak Properties, Inc.  | 52624 | 960914 |
| Host Hotels & Resorts, Inc.  | 48426 | 853750 |
| Invitation Homes, Inc.  | 42702 | 1204196 |
| Iron Mountain, Inc.  | 22348 | 1929750 |
| Kimco Realty Corp.  | 51232 | 1058453 |
| Lamar Advertising Co., Class A  | 6565 | 869140 |
| Lineage, Inc.  | 4392 | 157322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, <br> Inc. <br>| 8887 | 1207655 |
| Millrose Properties, Inc.  | 10541 | 321079 |
| NNN REIT, Inc.  | 14357 | 593662 |
| Omega Healthcare Investors, Inc.  | 22174 | 1018230 |
| Prologis, Inc.  | 70260 | 9030518 |
| Public Storage  | 11960 | 3283498 |
| Realty Income Corp.  | 69036 | 3977164 |
| Regency Centers Corp.  | 12220 | 869575 |
| Rexford Industrial Realty, Inc.  | 18036 | 750478 |
| Ryman Hospitality Properties, Inc.  | 4798 | 457873 |
| SBA Communications Corp.  | 8089 | 1571450 |
| Simon Property Group, Inc.  | 24696 | 4601359 |
| STAG Industrial, Inc.  | 14024 | 550863 |
| Sun Communities, Inc.  | 8911 | 1148093 |
| Terreno Realty Corp.  | 7849 | 492839 |
| UDR, Inc.  | 23086 | 840792 |
| Ventas, Inc.  | 34489 | 2780848 |
| VICI Properties, Inc.  | 80950 | 2332979 |
| Vornado Realty Trust  | 12214 | 449720 |
| Welltower, Inc.  | 50643 | 10544886 |
| Weyerhaeuser Co.  | 54640 | 1213554 |
| WP Carey, Inc.  | 16562 | 1115782 |
|  |  | **93012050** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Financial Services 7.8%** | **Financial Services 7.8%** | **Financial Services 7.8%** |
| Affiliated Managers Group, Inc.  | 2121 | 570188 |
| Affirm Holdings, Inc., Class A \* | 21316 | 1512370 |
| AGNC Investment Corp.  | 78205 | 820370 |
| Ally Financial, Inc.  | 21089 | 870976 |
| American Express Co.  | 41081 | 15005657 |
| Ameriprise Financial, Inc.  | 7123 | 3246236 |
| Annaly Capital Management, Inc.  | 48574 | 1107487 |
| Apollo Global Management, Inc.  | 34862 | 4596555 |
| ARES Management Corp., Class A  | 15544 | 2438076 |
| Bank of New York Mellon Corp.  | 53420 | 5988382 |
| Berkshire Hathaway, Inc., Class B \* | 138746 | 71289082 |
| Blackrock, Inc.  | 10907 | 11422901 |
| Blackstone, Inc.  | 55788 | 8168479 |
| Block, Inc. \* | 41510 | 2772868 |
| Blue Owl Capital, Inc.  | 46775 | 701625 |
| Capital One Financial Corp.  | 48432 | 10609998 |
| Carlyle Group, Inc.  | 19677 | 1072987 |
| Cboe Global Markets, Inc.  | 7872 | 2032314 |
| Charles Schwab Corp. *(b)* | 128358 | 11902637 |
| CME Group, Inc.  | 27284 | 7679355 |
| Coinbase Global, Inc., Class A \* | 17088 | 4661948 |
| Corebridge Financial, Inc.  | 21349 | 640897 |
| Corpay, Inc. \* | 5308 | 1570106 |
| Credit Acceptance Corp. \* | 474 | 218974 |
| Enact Holdings, Inc.  | 1969 | 76220 |
| Equitable Holdings, Inc.  | 22661 | 1058042 |
| Essent Group Ltd.  | 7341 | 460721 |
| Evercore, Inc., Class A  | 2954 | 945487 |
| FactSet Research Systems, Inc.  | 2825 | 783288 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information Services, <br> Inc. <br>| 39554 | 2601467 |
| FirstCash Holdings, Inc.  | 2955 | 468102 |
| Fiserv, Inc. \* | 41165 | 2530413 |
| Franklin Resources, Inc.  | 23645 | 534141 |
| Global Payments, Inc.  | 18313 | 1387393 |
| Goldman Sachs Group, Inc.  | 22898 | 18914664 |
| Hamilton Lane, Inc., Class A  | 3063 | 379613 |
| Houlihan Lokey, Inc.  | 4108 | 720543 |
| Interactive Brokers Group, Inc., Class A  | 33752 | 2194555 |
| Intercontinental Exchange, Inc.  | 43351 | 6819112 |
| Invesco Ltd.  | 33540 | 820053 |
| Jack Henry & Associates, Inc.  | 5505 | 960512 |
| Jackson Financial, Inc., Class A  | 5242 | 513768 |
| Janus Henderson Group PLC  | 9673 | 422807 |
| Jefferies Financial Group, Inc.  | 12314 | 708794 |
| KKR & Co., Inc.  | 51829 | 6339205 |
| Lazard, Inc., Class A  | 8492 | 428846 |
| LPL Financial Holdings, Inc.  | 6042 | 2151194 |
| MarketAxess Holdings, Inc.  | 2803 | 459384 |
| Mastercard, Inc., Class A  | 62460 | 34386104 |
| MGIC Investment Corp.  | 17843 | 505849 |
| Moelis & Co., Class A  | 5573 | 357619 |
| Moody's Corp.  | 11651 | 5718078 |
| Morgan Stanley  | 91830 | 15579878 |
| Morningstar, Inc.  | 1826 | 392334 |
| MSCI, Inc.  | 5866 | 3306782 |
| Nasdaq, Inc.  | 34311 | 3119556 |
| Northern Trust Corp.  | 14453 | 1898257 |
| OneMain Holdings, Inc.  | 8862 | 549710 |
| PayPal Holdings, Inc.  | 72352 | 4535747 |
| PennyMac Financial Services, Inc.  | 2161 | 290806 |
| Piper Sandler Cos.  | 1240 | 416516 |
| Raymond James Financial, Inc.  | 13418 | 2100454 |
| Rithm Capital Corp.  | 39044 | 448616 |
| Robinhood Markets, Inc., Class A \* | 58579 | 7526816 |
| Rocket Cos., Inc., Class A  | 72443 | 1447411 |
| S&P Global, Inc.  | 23653 | 11798826 |

---

**25**

------

Schwab 1000 Index ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| SEI Investments Co.  | 7170 | 579766 |
| Shift4 Payments, Inc., Class A \**(a)* | 5128 | 378344 |
| SLM Corp.  | 15748 | 461416 |
| SoFi Technologies, Inc. \* | 90559 | 2691413 |
| Starwood Property Trust, Inc.  | 26195 | 480416 |
| State Street Corp.  | 21479 | 2556431 |
| Stifel Financial Corp.  | 7761 | 946842 |
| StoneX Group, Inc. \* | 3503 | 317407 |
| Synchrony Financial  | 28161 | 2178535 |
| T. Rowe Price Group, Inc.  | 16575 | 1696948 |
| Toast, Inc., Class A \* | 35089 | 1199693 |
| TPG, Inc.  | 9376 | 553934 |
| Tradeweb Markets, Inc., Class A  | 8860 | 964500 |
| Upstart Holdings, Inc. \* | 6395 | 287519 |
| Visa, Inc., Class A  | 128537 | 42987914 |
| Voya Financial, Inc.  | 7410 | 520923 |
| WEX, Inc. \* | 2550 | 378318 |
|  |  | **377138470** |
| **Food, Beverage & Tobacco 2.0%** | **Food, Beverage & Tobacco 2.0%** | **Food, Beverage & Tobacco 2.0%** |
| Altria Group, Inc.  | 126879 | 7487130 |
| Archer-Daniels-Midland Co.  | 36320 | 2206077 |
| Brown-Forman Corp., Class B  | 13329 | 386274 |
| Bunge Global SA  | 10603 | 1018630 |
| Cal-Maine Foods, Inc.  | 3440 | 286621 |
| Campbell's Co.  | 14935 | 455219 |
| Celsius Holdings, Inc. \* | 12131 | 496643 |
| Coca-Cola Co.  | 292945 | 21420138 |
| Coca-Cola Consolidated, Inc.  | 4544 | 740445 |
| Conagra Brands, Inc.  | 36378 | 649347 |
| Constellation Brands, Inc., Class A  | 10786 | 1470995 |
| General Mills, Inc.  | 40486 | 1917012 |
| Hershey Co.  | 11188 | 2104239 |
| Hormel Foods Corp.  | 21995 | 510504 |
| Ingredion, Inc.  | 4821 | 518450 |
| J.M. Smucker Co.  | 8108 | 844691 |
| Kellanova  | 20444 | 1709936 |
| Keurig Dr. Pepper, Inc.  | 102939 | 2871998 |
| Kraft Heinz Co.  | 64100 | 1635191 |
| Lamb Weston Holdings, Inc.  | 10477 | 618772 |
| &nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. - Non Voting <br> Shares <br>| 18956 | 1279151 |
| Molson Coors Beverage Co., Class B  | 13040 | 606490 |
| Mondelez International, Inc., Class A  | 98012 | 5642551 |
| Monster Beverage Corp. \* | 53869 | 4039636 |
| PepsiCo, Inc.  | 103625 | 15413183 |
| Philip Morris International, Inc.  | 117776 | 18547364 |
| Pilgrim's Pride Corp.  | 3215 | 122299 |
| Post Holdings, Inc. \* | 3542 | 368474 |
| Primo Brands Corp.  | 19182 | 300966 |
| Smithfield Foods, Inc.  | 1759 | 38012 |
| Tyson Foods, Inc., Class A  | 21633 | 1255796 |
|  |  | **96962234** |
| **Health Care Equipment & Services 3.8%** | **Health Care Equipment & Services 3.8%** | **Health Care Equipment & Services 3.8%** |
| Abbott Laboratories  | 131656 | 16970458 |
| Align Technology, Inc. \* | 5152 | 758323 |
| Baxter International, Inc.  | 38331 | 718323 |
| Becton Dickinson & Co.  | 21695 | 4209264 |
| Boston Scientific Corp. \* | 112008 | 11377773 |
| Cardinal Health, Inc.  | 18079 | 3837449 |
| Cencora, Inc.  | 14644 | 5402611 |
| Centene Corp. \* | 35346 | 1390512 |
| Chemed Corp.  | 1090 | 478717 |
| Cigna Group  | 20183 | 5596342 |
| Cooper Cos., Inc. \* | 15189 | 1183679 |
| CVS Health Corp.  | 96058 | 7719221 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| DaVita, Inc. \* | 2674 | 320024 |
| Dexcom, Inc. \* | 29668 | 1883028 |
| Doximity, Inc., Class A \* | 10293 | 529472 |
| Edwards Lifesciences Corp. \* | 44467 | 3853955 |
| Elevance Health, Inc.  | 17022 | 5757862 |
| Encompass Health Corp.  | 7602 | 883505 |
| Ensign Group, Inc.  | 4389 | 814335 |
| GE HealthCare Technologies, Inc.  | 34555 | 2764055 |
| Glaukos Corp. \* | 4291 | 456090 |
| Globus Medical, Inc., Class A \* | 8583 | 781396 |
| Guardant Health, Inc. \* | 9420 | 1021316 |
| HCA Healthcare, Inc.  | 12399 | 6302288 |
| HealthEquity, Inc. \* | 6575 | 691559 |
| Henry Schein, Inc. \* | 7786 | 580602 |
| Hims & Hers Health, Inc. \* | 15619 | 621011 |
| Hologic, Inc. \* | 16723 | 1253723 |
| Humana, Inc.  | 9107 | 2238227 |
| IDEXX Laboratories, Inc. \* | 6058 | 4560947 |
| Insulet Corp. \* | 5335 | 1745559 |
| Intuitive Surgical, Inc. \* | 27132 | 15559659 |
| iRhythm Technologies, Inc. \* | 2398 | 450848 |
| Labcorp Holdings, Inc.  | 6289 | 1690357 |
| Masimo Corp. \* | 3449 | 491241 |
| McKesson Corp.  | 9414 | 8294864 |
| Medtronic PLC  | 97029 | 10220065 |
| Merit Medical Systems, Inc. \* | 4468 | 386884 |
| Molina Healthcare, Inc. \* | 4107 | 608904 |
| Penumbra, Inc. \* | 2955 | 866317 |
| Quest Diagnostics, Inc.  | 8463 | 1601030 |
| RadNet, Inc. \* | 5204 | 430839 |
| ResMed, Inc.  | 11058 | 2828968 |
| Solventum Corp. \* | 11117 | 947835 |
| STERIS PLC  | 7492 | 1994970 |
| Stryker Corp.  | 26027 | 9660702 |
| Teleflex, Inc.  | 3376 | 386282 |
| Tenet Healthcare Corp. \* | 6681 | 1448708 |
| UnitedHealth Group, Inc.  | 68487 | 22584958 |
| Universal Health Services, Inc., Class B  | 4311 | 1050289 |
| Veeva Systems, Inc., Class A \* | 11345 | 2726090 |
| Waystar Holding Corp. \* | 8654 | 319419 |
| Zimmer Biomet Holdings, Inc.  | 14944 | 1457339 |
|  |  | **182708194** |
| **Household & Personal Products 0.8%** | **Household & Personal Products 0.8%** | **Household & Personal Products 0.8%** |
| Church & Dwight Co., Inc.  | 18443 | 1570606 |
| Clorox Co.  | 9277 | 1001359 |
| Colgate-Palmolive Co.  | 61199 | 4919788 |
| elf Beauty, Inc. \* | 4385 | 334005 |
| Estee Lauder Cos., Inc., Class A  | 18587 | 1748479 |
| Kenvue, Inc.  | 145365 | 2522083 |
| Kimberly-Clark Corp.  | 25115 | 2740549 |
| Procter & Gamble Co.  | 177256 | 26262249 |
|  |  | **41099118** |
| **Insurance 1.8%** | **Insurance 1.8%** | **Insurance 1.8%** |
| Aflac, Inc.  | 36454 | 4021241 |
| Allstate Corp.  | 19928 | 4244265 |
| American Financial Group, Inc.  | 5209 | 717383 |
| American International Group, Inc.  | 41956 | 3195369 |
| Aon PLC, Class A  | 16315 | 5774205 |
| Arch Capital Group Ltd. \* | 28134 | 2642345 |
| Arthur J Gallagher & Co.  | 19402 | 4804323 |
| Assurant, Inc.  | 3778 | 861988 |
| Axis Capital Holdings Ltd.  | 5911 | 604341 |
| Brown & Brown, Inc.  | 22155 | 1781927 |
| Chubb Ltd.  | 28064 | 8311995 |
| Cincinnati Financial Corp.  | 11845 | 1985104 |

---

**26**

------

Schwab 1000 Index ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| CNA Financial Corp.  | 1536 | 71808 |
| Erie Indemnity Co., Class A  | 1964 | 580342 |
| Everest Group Ltd.  | 3174 | 997556 |
| Fidelity National Financial, Inc.  | 19324 | 1148425 |
| First American Financial Corp.  | 7781 | 511679 |
| Globe Life, Inc.  | 6133 | 826299 |
| Hanover Insurance Group, Inc.  | 2684 | 498016 |
| Hartford Insurance Group, Inc.  | 21290 | 2917369 |
| Kinsale Capital Group, Inc.  | 1664 | 640474 |
| Lincoln National Corp.  | 12939 | 532310 |
| Loews Corp.  | 12869 | 1388179 |
| Markel Group, Inc. \* | 956 | 1988901 |
| Marsh & McLennan Cos., Inc.  | 37224 | 6828743 |
| MetLife, Inc.  | 42303 | 3238718 |
| Old Republic International Corp.  | 17387 | 801541 |
| Primerica, Inc.  | 2406 | 619112 |
| Principal Financial Group, Inc.  | 15348 | 1301817 |
| Progressive Corp.  | 44405 | 10159420 |
| Prudential Financial, Inc.  | 26664 | 2886378 |
| Reinsurance Group of America, Inc.  | 5007 | 950679 |
| RenaissanceRe Holdings Ltd.  | 3556 | 928721 |
| RLI Corp.  | 6935 | 427612 |
| Ryan Specialty Holdings, Inc.  | 8332 | 483839 |
| Travelers Cos., Inc.  | 17020 | 4984477 |
| Unum Group  | 11869 | 901688 |
| W.R. Berkley Corp.  | 22669 | 1761155 |
| Willis Towers Watson PLC  | 7367 | 2364807 |
|  |  | **89684551** |
| **Materials 2.0%** | **Materials 2.0%** | **Materials 2.0%** |
| Air Products & Chemicals, Inc.  | 16828 | 4392949 |
| Albemarle Corp.  | 8894 | 1156131 |
| Alcoa Corp.  | 19564 | 816601 |
| Amcor PLC  | 174682 | 1488291 |
| Amrize Ltd. \* | 38878 | 2002606 |
| Anglogold Ashanti PLC  | 32086 | 2749129 |
| AptarGroup, Inc.  | 4952 | 617762 |
| Avery Dennison Corp.  | 5932 | 1022499 |
| Axalta Coating Systems Ltd. \* | 16377 | 493439 |
| Balchem Corp.  | 2420 | 378028 |
| Ball Corp.  | 20617 | 1021160 |
| Celanese Corp.  | 8156 | 339697 |
| CF Industries Holdings, Inc.  | 12372 | 973676 |
| Cleveland-Cliffs, Inc. \* | 43070 | 561633 |
| Coeur Mining, Inc. \* | 48570 | 838804 |
| Commercial Metals Co.  | 8417 | 536836 |
| Corteva, Inc.  | 51425 | 3469645 |
| CRH PLC  | 50893 | 6105124 |
| Crown Holdings, Inc.  | 8796 | 851717 |
| Dow, Inc.  | 53678 | 1280220 |
| DuPont de Nemours, Inc.  | 31625 | 1257726 |
| Eagle Materials, Inc.  | 2421 | 541626 |
| Eastman Chemical Co.  | 8832 | 548291 |
| Ecolab, Inc.  | 19293 | 5308662 |
| Element Solutions, Inc.  | 16920 | 438566 |
| Freeport-McMoRan, Inc.  | 108806 | 4676482 |
| Graphic Packaging Holding Co.  | 22330 | 361299 |
| Hecla Mining Co.  | 49989 | 840815 |
| International Flavors & Fragrances, Inc.  | 19290 | 1340269 |
| International Paper Co.  | 39979 | 1578371 |
| Linde PLC  | 35485 | 14560205 |
| Louisiana-Pacific Corp.  | 4711 | 386349 |
| LyondellBasell Industries NV, Class A  | 19651 | 962703 |
| Martin Marietta Materials, Inc.  | 4544 | 2832003 |
| Mosaic Co.  | 24172 | 591972 |
| MP Materials Corp. \* | 10158 | 629288 |
| NewMarket Corp.  | 606 | 462699 |
| Newmont Corp.  | 83194 | 7548192 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Nucor Corp.  | 17352 | 2767471 |
| Packaging Corp. of America  | 6720 | 1371350 |
| PPG Industries, Inc.  | 17063 | 1706983 |
| Reliance, Inc.  | 3998 | 1116721 |
| Royal Gold, Inc.  | 6103 | 1244036 |
| RPM International, Inc.  | 9671 | 1037215 |
| Sherwin-Williams Co.  | 17530 | 6024886 |
| Smurfit WestRock PLC  | 39504 | 1409898 |
| Solstice Advanced Materials, Inc. \* | 11993 | 571826 |
| Steel Dynamics, Inc.  | 10509 | 1763725 |
| Vulcan Materials Co.  | 9992 | 2970022 |
| Westlake Corp.  | 2607 | 174174 |
|  |  | **98119772** |
| **Media & Entertainment 9.4%** | **Media & Entertainment 9.4%** | **Media & Entertainment 9.4%** |
| Alphabet, Inc., Class A  | 440133 | 140921784 |
| Alphabet, Inc., Class C  | 353331 | 113108320 |
| Charter Communications, Inc., Class A \* | 7020 | 1404842 |
| Comcast Corp., Class A  | 278243 | 7426306 |
| EchoStar Corp., Class A \* | 10149 | 743820 |
| Electronic Arts, Inc.  | 17024 | 3439359 |
| Fox Corp., Class A  | 25970 | 1701035 |
| Liberty Broadband Corp., Class C \* | 8943 | 413971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Formula <br> One, Class C \*<br>| 17034 | 1634923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Live, <br> Class C \*<br>| 3798 | 300840 |
| Live Nation Entertainment, Inc. \* | 11912 | 1565832 |
| Match Group, Inc.  | 18016 | 600113 |
| Meta Platforms, Inc., Class A  | 164112 | 106336370 |
| Netflix, Inc. \* | 321512 | 34588261 |
| New York Times Co., Class A  | 12237 | 789287 |
| News Corp., Class A  | 38840 | 997411 |
| Nexstar Media Group, Inc.  | 2216 | 425782 |
| Omnicom Group, Inc.  | 24277 | 1738719 |
| Paramount Skydance Corp., Class B  | 23576 | 377688 |
| Pinterest, Inc., Class A \* | 45389 | 1185561 |
| Reddit, Inc., Class A \* | 9366 | 2027458 |
| ROBLOX Corp., Class A \* | 48827 | 4640030 |
| Roku, Inc. \* | 9758 | 944477 |
| Sirius XM Holdings, Inc.  | 14254 | 303040 |
| Snap, Inc., Class A \* | 83796 | 643553 |
| Take-Two Interactive Software, Inc. \* | 13106 | 3224993 |
| TKO Group Holdings, Inc.  | 5189 | 1006095 |
| Trade Desk, Inc., Class A \* | 33604 | 1329374 |
| Walt Disney Co.  | 136125 | 14220979 |
| Warner Bros Discovery, Inc. \* | 187529 | 4500696 |
|  |  | **452540919** |
| **Pharmaceuticals, Biotechnology & Life Sciences 6.1%** | **Pharmaceuticals, Biotechnology & Life Sciences 6.1%** | **Pharmaceuticals, Biotechnology & Life Sciences 6.1%** |
| AbbVie, Inc.  | 133683 | 30439619 |
| Agilent Technologies, Inc.  | 21506 | 3301171 |
| Alnylam Pharmaceuticals, Inc. \* | 9905 | 4469433 |
| Amgen, Inc.  | 40736 | 14072659 |
| Avantor, Inc. \* | 51553 | 604717 |
| Avidity Biosciences, Inc. \* | 10185 | 730264 |
| Axsome Therapeutics, Inc. \* | 3166 | 479649 |
| Biogen, Inc. \* | 11054 | 2012823 |
| BioMarin Pharmaceutical, Inc. \* | 14504 | 811209 |
| Bio-Rad Laboratories, Inc., Class A \* | 1410 | 458053 |
| Bio-Techne Corp.  | 11997 | 773926 |
| Bridgebio Pharma, Inc. \* | 12714 | 915535 |
| Bristol-Myers Squibb Co.  | 154159 | 7584623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories International, <br> Inc. \*<br>| 3735 | 665353 |
| Corcept Therapeutics, Inc. \* | 7074 | 561676 |
| Cytokinetics, Inc. \* | 9069 | 617871 |

---

**27**

------

Schwab 1000 Index ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Danaher Corp.  | 48246 | 10941228 |
| Elanco Animal Health, Inc. \* | 37586 | 874626 |
| Eli Lilly & Co.  | 60155 | 64694898 |
| Exact Sciences Corp. \* | 14359 | 1454423 |
| Exelixis, Inc. \* | 20637 | 911536 |
| Gilead Sciences, Inc.  | 93940 | 11821410 |
| Halozyme Therapeutics, Inc. \* | 8860 | 632604 |
| Illumina, Inc. \* | 11696 | 1537439 |
| Incyte Corp. \* | 12457 | 1301258 |
| Insmed, Inc. \* | 15988 | 3321827 |
| Ionis Pharmaceuticals, Inc. \* | 11968 | 990113 |
| IQVIA Holdings, Inc. \* | 12852 | 2956088 |
| Jazz Pharmaceuticals PLC \* | 4647 | 820335 |
| Johnson & Johnson  | 182222 | 37705376 |
| Madrigal Pharmaceuticals, Inc. \* | 1387 | 828011 |
| Medpace Holdings, Inc. \* | 1697 | 1005405 |
| Merck & Co., Inc.  | 189217 | 19835618 |
| Mettler-Toledo International, Inc. \* | 1554 | 2294823 |
| Moderna, Inc. \* | 25872 | 672155 |
| Natera, Inc. \* | 10411 | 2486251 |
| Neurocrine Biosciences, Inc. \* | 7495 | 1140439 |
| Nuvalent, Inc., Class A \* | 3902 | 426684 |
| Pfizer, Inc.  | 429753 | 11061842 |
| Regeneron Pharmaceuticals, Inc.  | 7690 | 5999661 |
| Repligen Corp. \* | 3969 | 678778 |
| Revolution Medicines, Inc. \* | 13215 | 1027598 |
| Revvity, Inc.  | 8697 | 908054 |
| Rhythm Pharmaceuticals, Inc. \* | 4548 | 496141 |
| Roivant Sciences Ltd. \* | 32963 | 685960 |
| Royalty Pharma PLC, Class A  | 28762 | 1151055 |
| Summit Therapeutics, Inc. \**(a)* | 11188 | 200153 |
| Tempus AI, Inc. \* | 7503 | 584709 |
| Thermo Fisher Scientific, Inc.  | 28564 | 16876468 |
| United Therapeutics Corp. \* | 3442 | 1672812 |
| Vertex Pharmaceuticals, Inc. \* | 19392 | 8408565 |
| Viatris, Inc.  | 87153 | 931666 |
| Waters Corp. \* | 4529 | 1827089 |
| West Pharmaceutical Services, Inc.  | 5421 | 1502972 |
| Zoetis, Inc.  | 33554 | 4300952 |
|  |  | **295465603** |
| **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** |
| CBRE Group, Inc., Class A \* | 22180 | 3589389 |
| CoStar Group, Inc. \* | 31905 | 2195064 |
| Jones Lang LaSalle, Inc. \* | 3594 | 1170530 |
| Zillow Group, Inc., Class C \* | 13210 | 982560 |
|  |  | **7937543** |
| **Semiconductors & Semiconductor Equipment 13.3%** | **Semiconductors & Semiconductor Equipment 13.3%** | **Semiconductors & Semiconductor Equipment 13.3%** |
| Advanced Micro Devices, Inc. \* | 122804 | 26713554 |
| Allegro MicroSystems, Inc. \* | 9366 | 249978 |
| Amkor Technology, Inc.  | 8450 | 307495 |
| Analog Devices, Inc.  | 37562 | 9966701 |
| Applied Materials, Inc.  | 60719 | 15316368 |
| Astera Labs, Inc. \* | 9789 | 1542453 |
| Broadcom, Inc.  | 355879 | 143405002 |
| Cirrus Logic, Inc. \* | 3969 | 477629 |
| Credo Technology Group Holding Ltd. \* | 11386 | 2022154 |
| Enphase Energy, Inc. \* | 9620 | 277537 |
| Entegris, Inc.  | 11619 | 896290 |
| First Solar, Inc. \* | 8142 | 2222115 |
| GLOBALFOUNDRIES, Inc. \* | 7950 | 284928 |
| Impinj, Inc. \* | 1932 | 332053 |
| Intel Corp. \* | 331418 | 13442314 |
| KLA Corp.  | 9997 | 11751174 |
| Lam Research Corp.  | 95774 | 14940744 |
| Lattice Semiconductor Corp. \* | 10463 | 734607 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, <br> Inc. \*<br>| 4819 | 843277 |
| Marvell Technology, Inc.  | 65271 | 5835227 |
| Microchip Technology, Inc.  | 40801 | 2186118 |
| Micron Technology, Inc.  | 84645 | 20016850 |
| MKS, Inc.  | 5169 | 808380 |
| Monolithic Power Systems, Inc.  | 3618 | 3358119 |
| NVIDIA Corp.  | 1846176 | 326773152 |
| NXP Semiconductors NV  | 19078 | 3719065 |
| ON Semiconductor Corp. \* | 30959 | 1555380 |
| Qnity Electronics, Inc.  | 15812 | 1282195 |
| Qorvo, Inc. \* | 6380 | 547978 |
| QUALCOMM, Inc.  | 81678 | 13729255 |
| Rambus, Inc. \* | 8105 | 774595 |
| Semtech Corp. \* | 6541 | 485081 |
| SiTime Corp. \* | 1630 | 485251 |
| Skyworks Solutions, Inc.  | 11170 | 736661 |
| Teradyne, Inc.  | 12037 | 2189410 |
| Texas Instruments, Inc.  | 68809 | 11578490 |
| Universal Display Corp.  | 3366 | 400318 |
|  |  | **642187898** |
| **Software & Services 11.3%** | **Software & Services 11.3%** | **Software & Services 11.3%** |
| Accenture PLC, Class A  | 47179 | 11794750 |
| ACI Worldwide, Inc. \* | 7695 | 360588 |
| Adobe, Inc. \* | 32102 | 10276813 |
| Akamai Technologies, Inc. \* | 10807 | 967443 |
| Amdocs Ltd.  | 8586 | 656657 |
| Appfolio, Inc., Class A \* | 1718 | 392185 |
| AppLovin Corp., Class A \* | 20506 | 12292937 |
| Atlassian Corp., Class A \* | 12483 | 1866458 |
| Aurora Innovation, Inc. \* | 86610 | 362896 |
| Autodesk, Inc. \* | 16192 | 4911681 |
| Bentley Systems, Inc., Class B  | 11255 | 472260 |
| Bill Holdings, Inc. \* | 7092 | 355664 |
| Cadence Design Systems, Inc. \* | 20654 | 6440743 |
| CCC Intelligent Solutions Holdings, Inc. \* | 44595 | 332233 |
| Circle Internet Group, Inc. \* | 4004 | 320040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clearwater Analytics Holdings, Inc., <br> Class A \*<br>| 21753 | 479871 |
| Cloudflare, Inc., Class A \* | 23643 | 4733565 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions Corp., <br> Class A <br>| 36974 | 2873250 |
| Commvault Systems, Inc. \* | 3404 | 420394 |
| Confluent, Inc., Class A \* | 21834 | 485806 |
| CoreWeave, Inc., Class A \* | 16501 | 1206553 |
| Crowdstrike Holdings, Inc., Class A \* | 18862 | 9603776 |
| Datadog, Inc., Class A \* | 24408 | 3905524 |
| Docusign, Inc. \* | 15168 | 1051901 |
| Dropbox, Inc., Class A \* | 13993 | 418111 |
| D-Wave Quantum, Inc. \* | 25572 | 579717 |
| Dynatrace, Inc. \* | 22864 | 1018820 |
| Elastic NV \* | 7013 | 494627 |
| EPAM Systems, Inc. \* | 4200 | 785400 |
| Fair Isaac Corp. \* | 1819 | 3284805 |
| Figma, Inc., Class A \* | 2736 | 98414 |
| Fortinet, Inc. \* | 49270 | 3997275 |
| Gartner, Inc. \* | 5702 | 1327083 |
| Gen Digital, Inc.  | 42453 | 1119486 |
| Gitlab, Inc., Class A \* | 10481 | 430350 |
| GoDaddy, Inc., Class A \* | 10464 | 1337927 |
| Guidewire Software, Inc. \* | 6367 | 1375145 |
| HubSpot, Inc. \* | 3975 | 1460097 |
| InterDigital, Inc.  | 1925 | 688669 |
| International Business Machines Corp.  | 70516 | 21759827 |
| Intuit, Inc.  | 21114 | 13387965 |
| Kyndryl Holdings, Inc. \* | 17465 | 451121 |
| Life360, Inc. \* | 5825 | 463728 |

---

**28**

------

Schwab 1000 Index ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Manhattan Associates, Inc. \* | 4556 | 803906 |
| MARA Holdings, Inc. \* | 27987 | 330526 |
| Microsoft Corp.  | 562416 | 276714296 |
| MongoDB, Inc. \* | 6169 | 2050391 |
| Nutanix, Inc., Class A \* | 20253 | 968093 |
| Okta, Inc. \* | 12792 | 1027581 |
| Oracle Corp.  | 125391 | 25322712 |
| Palantir Technologies, Inc., Class A \* | 172098 | 28989908 |
| Palo Alto Networks, Inc. \* | 50584 | 9617536 |
| Pegasystems, Inc.  | 7025 | 384759 |
| Procore Technologies, Inc. \* | 8711 | 645137 |
| PTC, Inc. \* | 9041 | 1586063 |
| Roper Technologies, Inc.  | 8120 | 3623306 |
| Rubrik, Inc., Class A \* | 10054 | 696943 |
| SailPoint, Inc. \* | 5433 | 100076 |
| Salesforce, Inc.  | 72397 | 16690404 |
| Samsara, Inc., Class A \* | 22659 | 861722 |
| SentinelOne, Inc., Class A \* | 24194 | 392185 |
| ServiceNow, Inc. \* | 15733 | 12781647 |
| ServiceTitan, Inc., Class A \* | 4132 | 369236 |
| Snowflake, Inc., Class A \* | 25245 | 6342554 |
| SoundHound AI, Inc., Class A \**(a)* | 28337 | 341461 |
| Strategy, Inc., Class A \* | 19939 | 3532792 |
| Synopsys, Inc. \* | 13987 | 5846706 |
| Twilio, Inc., Class A \* | 11551 | 1498049 |
| Tyler Technologies, Inc. \* | 3299 | 1549276 |
| UiPath, Inc., Class A \* | 32383 | 448828 |
| Unity Software, Inc. \* | 25556 | 1086641 |
| Varonis Systems, Inc. \* | 8423 | 278549 |
| VeriSign, Inc.  | 6329 | 1594845 |
| Workday, Inc., Class A \* | 16344 | 3524093 |
| Zoom Communications, Inc., Class A \* | 19573 | 1662922 |
| Zscaler, Inc. \* | 7518 | 1890777 |
|  |  | **544596475** |
| **Technology Hardware & Equipment 8.8%** | **Technology Hardware & Equipment 8.8%** | **Technology Hardware & Equipment 8.8%** |
| Advanced Energy Industries, Inc.  | 2810 | 593444 |
| Amphenol Corp., Class A  | 92459 | 13027473 |
| Apple, Inc.  | 1122868 | 313111742 |
| Arista Networks, Inc. \* | 78064 | 10201403 |
| Arrow Electronics, Inc. \* | 3962 | 427936 |
| Badger Meter, Inc.  | 2231 | 398323 |
| Belden, Inc.  | 2995 | 339633 |
| CDW Corp.  | 9912 | 1429509 |
| Ciena Corp. \* | 10740 | 2193215 |
| Cisco Systems, Inc.  | 299551 | 23047454 |
| Cognex Corp.  | 12957 | 493662 |
| Coherent Corp. \* | 11814 | 1940568 |
| Corning, Inc.  | 58910 | 4960222 |
| Dell Technologies, Inc., Class C  | 22884 | 3051581 |
| F5, Inc. \* | 4310 | 1030780 |
| Fabrinet \* | 2699 | 1239948 |
| Flex Ltd. \* | 28424 | 1680143 |
| Hewlett Packard Enterprise Co.  | 99185 | 2169176 |
| HP, Inc.  | 71149 | 1737459 |
| IonQ, Inc. \* | 22418 | 1105207 |
| Itron, Inc. \* | 3450 | 341688 |
| Jabil, Inc.  | 8166 | 1720658 |
| Keysight Technologies, Inc. \* | 13020 | 2577309 |
| Littelfuse, Inc.  | 1844 | 472101 |
| Lumentum Holdings, Inc. \* | 5247 | 1706114 |
| Mirion Technologies, Inc. \* | 19016 | 494796 |
| Motorola Solutions, Inc.  | 12613 | 4662774 |
| NetApp, Inc.  | 15152 | 1690357 |
| Pure Storage, Inc., Class A \* | 23426 | 2083977 |
| Sandisk Corp. \* | 10444 | 2331936 |
| Sanmina Corp. \* | 4014 | 626846 |
| Seagate Technology Holdings PLC  | 16082 | 4449728 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Super Micro Computer, Inc. \* | 37899 | 1282881 |
| TD SYNNEX Corp.  | 5791 | 883012 |
| TE Connectivity PLC  | 22359 | 5056488 |
| Teledyne Technologies, Inc. \* | 3546 | 1771298 |
| Trimble, Inc. \* | 17974 | 1463443 |
| Ubiquiti, Inc.  | 316 | 184256 |
| Vontier Corp.  | 11013 | 399552 |
| Western Digital Corp.  | 26295 | 4294762 |
| Zebra Technologies Corp., Class A \* | 3872 | 978648 |
|  |  | **423651502** |
| **Telecommunication Services 0.8%** | **Telecommunication Services 0.8%** | **Telecommunication Services 0.8%** |
| AST SpaceMobile, Inc., Class A \* | 17701 | 994796 |
| AT&T, Inc.  | 540655 | 14067843 |
| Frontier Communications Parent, Inc. \* | 18923 | 717560 |
| GCI Liberty, Inc. \**(c)* | 3916 | 0 |
| T-Mobile U.S., Inc.  | 36648 | 7659799 |
| Verizon Communications, Inc.  | 319291 | 13126053 |
|  |  | **36566051** |
| **Transportation 1.3%** | **Transportation 1.3%** | **Transportation 1.3%** |
| Alaska Air Group, Inc. \* | 8699 | 372839 |
| American Airlines Group, Inc. \* | 50267 | 706251 |
| Avis Budget Group, Inc. \* | 1260 | 171209 |
| CH Robinson Worldwide, Inc.  | 8905 | 1414737 |
| CSX Corp.  | 141196 | 4992691 |
| Delta Air Lines, Inc.  | 49124 | 3148848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of Washington, <br> Inc. <br>| 10244 | 1504844 |
| FedEx Corp.  | 16415 | 4525287 |
| GXO Logistics, Inc. \* | 8604 | 436567 |
| JB Hunt Transport Services, Inc.  | 5757 | 1001488 |
| Joby Aviation, Inc. \* | 39459 | 569393 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knight-Swift Transportation Holdings, <br> Inc. <br>| 12232 | 560226 |
| Lyft, Inc., Class A \* | 30074 | 632456 |
| Norfolk Southern Corp.  | 16962 | 4954431 |
| Old Dominion Freight Line, Inc.  | 13978 | 1891084 |
| Ryder System, Inc.  | 3088 | 534872 |
| Saia, Inc. \* | 1983 | 558334 |
| Southwest Airlines Co.  | 39770 | 1384394 |
| Uber Technologies, Inc. \* | 157823 | 13815825 |
| U-Haul Holding Co., Non Voting Shares  | 7551 | 363279 |
| Union Pacific Corp.  | 44921 | 10414035 |
| United Airlines Holdings, Inc. \* | 24510 | 2499040 |
| United Parcel Service, Inc., Class B  | 55723 | 5337706 |
| XPO, Inc. \* | 8937 | 1269590 |
|  |  | **63059426** |
| **Utilities 2.3%** | **Utilities 2.3%** | **Utilities 2.3%** |
| AES Corp.  | 53833 | 756892 |
| Alliant Energy Corp.  | 19413 | 1348621 |
| Ameren Corp.  | 20454 | 2175283 |
| American Electric Power Co., Inc.  | 40481 | 5010333 |
| American Water Works Co., Inc.  | 14740 | 1917232 |
| Atmos Energy Corp.  | 12073 | 2129315 |
| CenterPoint Energy, Inc.  | 49109 | 1963378 |
| CMS Energy Corp.  | 22636 | 1707660 |
| Consolidated Edison, Inc.  | 27314 | 2741233 |
| Constellation Energy Corp.  | 23667 | 8623308 |
| Dominion Energy, Inc.  | 64628 | 4056699 |
| DTE Energy Co.  | 15714 | 2153289 |
| Duke Energy Corp.  | 58877 | 7297215 |
| Edison International  | 29104 | 1713935 |
| Entergy Corp.  | 33797 | 3295883 |
| Essential Utilities, Inc.  | 21215 | 839902 |

---

**29**

------

Schwab 1000 Index ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Evergy, Inc.  | 17413 | 1352119 |
| Eversource Energy  | 28142 | 1890580 |
| Exelon Corp.  | 76513 | 3605293 |
| FirstEnergy Corp.  | 39462 | 1883127 |
| IDACORP, Inc.  | 4107 | 541220 |
| National Fuel Gas Co.  | 6893 | 568328 |
| NextEra Energy, Inc.  | 155924 | 13454682 |
| NiSource, Inc.  | 35379 | 1561275 |
| NRG Energy, Inc.  | 14617 | 2477435 |
| OGE Energy Corp.  | 15177 | 694803 |
| Oklo, Inc. \* | 8778 | 802134 |
| Ormat Technologies, Inc.  | 4569 | 515886 |
| PG&E Corp.  | 166410 | 2682529 |
| Pinnacle West Capital Corp.  | 9088 | 825736 |
| PPL Corp.  | 55882 | 2062046 |
| Public Service Enterprise Group, Inc.  | 37777 | 3155135 |
| Sempra  | 49394 | 4678600 |
| Southern Co.  | 83335 | 7593485 |
| Southwest Gas Holdings, Inc.  | 4751 | 394570 |
| Talen Energy Corp. \* | 3447 | 1359049 |
| TXNM Energy, Inc.  | 7153 | 418093 |
| UGI Corp.  | 16454 | 650756 |
| Vistra Corp.  | 24060 | 4303372 |
| WEC Energy Group, Inc.  | 24383 | 2732603 |
| Xcel Energy, Inc.  | 44759 | 3675161 |
|  |  | **111608195** |
| **Total Common Stocks**<br> **(Cost $2,762,077,543)** | **Total Common Stocks**<br> **(Cost $2,762,077,543)** | **4826180373** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS |
| **Money Market Funds 0.1%** | **Money Market Funds 0.1%** | **Money Market Funds 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(d)*<br>| 2343282 | 2343282 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(d)(e)*<br>| 1215168 | 1215168 |
|  |  | **3558450** |
| **Total Short-Term Investments**<br> **(Cost $3,558,450)** | **Total Short-Term Investments**<br> **(Cost $3,558,450)** | **3558450** |
| **Total Investments in Securities**<br> **(Cost $2,765,635,993)** | **Total Investments in Securities**<br> **(Cost $2,765,635,993)** | **4829738823** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 400 Mid-Cap Index, e-mini, <br> expires 12/19/25<br>| 2 | 662880 | 26537 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index, e-mini, expires <br> 12/19/25<br>| 17 | 5830575 | 85445 |
|  |  |  | **111982** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $1,203,839. 

*(b)* Issuer is affiliated with the fund's investment adviser.

*(c)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(d)* The rate shown is the annualized 7-day yield.

*(e)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

REIT — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Below is a summary of the fund's transactions with affiliated issuers during the period ended November 30, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 8/31/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 11/30/25<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 11/30/25<br>| DIVIDENDS<br> RECEIVED<br>|
| **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS | **COMMON STOCKS** 0.2% OF NET ASSETS |
| **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** | **Financial Services 0.2%** |
| Charles Schwab Corp. | $12246244 | $232873 | ($178784)<br>| $18716 | ($416412)<br>| **$11902637** | 128358 | $34680 |

---

------

**30**

------

Schwab 1000 Index ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of November 30, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks <sup>1</sup> <br>| $4789614322 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $4789614322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services | 36566051 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 36566051 |
| Short-Term Investments <sup>1</sup> <br>| 3558450 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 3558450 |
| Futures Contracts <sup>2</sup> <br>| 111982 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 111982 |
| **Total** | **$4829850805** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp; **$4829850805** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at November 30, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**31**

------

Schwab Strategic Trust

Schwab U.S. Large-Cap ETF

------

**Portfolio Holdings** as of November 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS |
| **Automobiles & Components 2.2%** | **Automobiles & Components 2.2%** | **Automobiles & Components 2.2%** |
| Aptiv PLC \* | 218421 | 16938548 |
| Autoliv, Inc.  | 71124 | 8391921 |
| BorgWarner, Inc.  | 222621 | 9586060 |
| Ford Motor Co.  | 3950343 | 52460555 |
| General Motors Co.  | 964356 | 70899453 |
| Rivian Automotive, Inc., Class A \* | 806481 | 13597270 |
| Tesla, Inc. \* | 2840164 | 1221753348 |
|  |  | **1393627155** |
| **Banks 3.5%** | **Banks 3.5%** | **Banks 3.5%** |
| Bank of America Corp.  | 6897187 | 370034083 |
| BOK Financial Corp.  | 23152 | 2607378 |
| Citigroup, Inc.  | 1862563 | 192961527 |
| Citizens Financial Group, Inc.  | 436015 | 23588412 |
| Comerica, Inc.  | 129355 | 10397555 |
| Commerce Bancshares, Inc.  | 123392 | 6652063 |
| Cullen/Frost Bankers, Inc.  | 65977 | 8162674 |
| East West Bancorp, Inc.  | 138057 | 14730682 |
| Fifth Third Bancorp  | 670601 | 29144319 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Citizens BancShares, Inc., <br> Class A <br>| 10508 | 19732868 |
| First Horizon Corp.  | 517204 | 11554337 |
| Huntington Bancshares, Inc.  | 1589396 | 25907155 |
| JPMorgan Chase & Co.  | 2783121 | 871339523 |
| KeyCorp  | 942812 | 17328885 |
| M&T Bank Corp.  | 157893 | 30034406 |
| PNC Financial Services Group, Inc.  | 398396 | 75982085 |
| Regions Financial Corp.  | 902287 | 22963204 |
| Truist Financial Corp.  | 1305714 | 60715701 |
| U.S. Bancorp  | 1576381 | 77321488 |
| Webster Financial Corp.  | 167189 | 9964464 |
| Wells Fargo & Co.  | 3243293 | 278436704 |
| Western Alliance Bancorp  | 104385 | 8510509 |
| Zions Bancorp NA  | 149298 | 7947133 |
|  |  | **2176017155** |
| **Capital Goods 6.4%** | **Capital Goods 6.4%** | **Capital Goods 6.4%** |
| 3M Co.  | 539390 | 92802049 |
| A.O. Smith Corp.  | 113668 | 7499815 |
| Acuity, Inc.  | 30744 | 11265216 |
| Advanced Drainage Systems, Inc.  | 73184 | 11151778 |
| AECOM  | 134913 | 13913578 |
| AeroVironment, Inc. \* | 31876 | 8908067 |
| AGCO Corp.  | 62569 | 6629811 |
| Allegion PLC  | 86022 | 14282233 |
| AMETEK, Inc.  | 233610 | 46229083 |
| API Group Corp. \* | 376536 | 14895764 |
| Axon Enterprise, Inc. \* | 79216 | 42787730 |
| Bloom Energy Corp., Class A \* | 217662 | 23777397 |
| Boeing Co. \* | 765219 | 144626391 |
| Builders FirstSource, Inc. \* | 112604 | 12637547 |
| BWX Technologies, Inc.  | 92049 | 16465725 |
| Carlisle Cos., Inc.  | 43555 | 13853539 |
| Carpenter Technology Corp.  | 50443 | 16068113 |
| Carrier Global Corp.  | 809506 | 44425689 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Caterpillar, Inc.  | 474396 | 273138241 |
| CNH Industrial NV  | 892171 | 8413173 |
| Comfort Systems USA, Inc.  | 35660 | 34837680 |
| Core & Main, Inc., Class A \* | 194154 | 9385404 |
| Crane Co.  | 49135 | 9003989 |
| Cummins, Inc.  | 139664 | 69549879 |
| Curtiss-Wright Corp.  | 38133 | 21518071 |
| Deere & Co.  | 254922 | 118408720 |
| Donaldson Co., Inc.  | 119064 | 10703854 |
| Dover Corp.  | 138454 | 25652757 |
| Eaton Corp. PLC  | 393918 | 136252297 |
| EMCOR Group, Inc.  | 45217 | 27811620 |
| Emerson Electric Co.  | 569924 | 76016463 |
| Fastenal Co.  | 1162383 | 46960273 |
| Ferguson Enterprises, Inc.  | 199705 | 50259757 |
| Fortive Corp.  | 340121 | 18189671 |
| Fortune Brands Innovations, Inc.  | 120941 | 6244184 |
| FTAI Aviation Ltd.  | 104375 | 18081925 |
| GE Vernova, Inc.  | 275179 | 165044109 |
| Generac Holdings, Inc. \* | 59143 | 8967853 |
| General Dynamics Corp.  | 255617 | 87326436 |
| General Electric Co.  | 1073331 | 320335637 |
| Graco, Inc.  | 167530 | 13811173 |
| HEICO Corp.  | 102460 | 32470599 |
| Honeywell International, Inc.  | 642653 | 123511480 |
| Howmet Aerospace, Inc.  | 407941 | 83460649 |
| Hubbell, Inc.  | 53784 | 23204031 |
| Huntington Ingalls Industries, Inc.  | 39647 | 12434092 |
| IDEX Corp.  | 76532 | 13311211 |
| Illinois Tool Works, Inc.  | 268289 | 66879082 |
| Ingersoll Rand, Inc.  | 365009 | 29324823 |
| ITT, Inc.  | 79396 | 14621567 |
| Johnson Controls International PLC  | 662468 | 77051653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc. \*<br>| 170490 | 12974289 |
| L3Harris Technologies, Inc.  | 189264 | 52745984 |
| Lennox International, Inc.  | 32185 | 16056131 |
| Leonardo DRS, Inc.  | 77850 | 2660135 |
| Lincoln Electric Holdings, Inc.  | 55539 | 13297703 |
| Lockheed Martin Corp.  | 207940 | 95207408 |
| Masco Corp.  | 209803 | 13609921 |
| MasTec, Inc. \* | 61763 | 13209870 |
| Middleby Corp. \* | 46913 | 5545117 |
| Nordson Corp.  | 54883 | 13043494 |
| Northrop Grumman Corp.  | 135912 | 77775642 |
| nVent Electric PLC  | 162211 | 17400374 |
| Otis Worldwide Corp.  | 396986 | 35272206 |
| Owens Corning  | 83797 | 9489172 |
| PACCAR, Inc.  | 531968 | 56080067 |
| Parker-Hannifin Corp.  | 129359 | 111468650 |
| Pentair PLC  | 167118 | 17587498 |
| Quanta Services, Inc.  | 151146 | 70264752 |
| QXO, Inc. \* | 490466 | 9186428 |
| RBC Bearings, Inc. \* | 32075 | 14272413 |
| Regal Rexnord Corp.  | 67739 | 9889217 |
| Rocket Lab Corp. \* | 429795 | 18111561 |
| Rockwell Automation, Inc.  | 113617 | 44976426 |
| RTX Corp.  | 1355694 | 237124438 |
| Snap-on, Inc.  | 52549 | 17869287 |
| StandardAero, Inc. \* | 144582 | 3776482 |
| Stanley Black & Decker, Inc.  | 155156 | 11096757 |

---

**32**

------

Schwab U.S. Large-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Textron, Inc.  | 180206 | 14985931 |
| Toro Co.  | 98876 | 6895612 |
| Trane Technologies PLC  | 224875 | 94780315 |
| TransDigm Group, Inc.  | 56963 | 77479364 |
| Trex Co., Inc. \* | 108448 | 3793511 |
| United Rentals, Inc.  | 64957 | 52951647 |
| Vertiv Holdings Co., Class A  | 386652 | 69492964 |
| Watsco, Inc.  | 34820 | 12061648 |
| WESCO International, Inc.  | 48900 | 13076349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. <br>| 172598 | 35995313 |
| Woodward, Inc.  | 60577 | 18174917 |
| WW Grainger, Inc.  | 44412 | 42130556 |
| Xylem, Inc.  | 246548 | 34681907 |
|  |  | **4050893334** |
| **Commercial & Professional Services 1.1%** | **Commercial & Professional Services 1.1%** | **Commercial & Professional Services 1.1%** |
| Automatic Data Processing, Inc.  | 409661 | 104586453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp., <br> Class A <br>| 124304 | 10374412 |
| Broadridge Financial Solutions, Inc.  | 118426 | 27011786 |
| CACI International, Inc., Class A \* | 22051 | 13607672 |
| Cintas Corp.  | 347057 | 64559543 |
| Clean Harbors, Inc. \* | 51380 | 11692033 |
| Copart, Inc. \* | 899621 | 35067227 |
| Dayforce, Inc. \* | 160009 | 11056622 |
| Equifax, Inc.  | 125085 | 26564301 |
| Genpact Ltd.  | 163353 | 7197333 |
| Jacobs Solutions, Inc.  | 120504 | 16245144 |
| KBR, Inc.  | 131928 | 5438072 |
| Leidos Holdings, Inc.  | 129567 | 24760254 |
| Parsons Corp. \* | 53996 | 4572381 |
| Paychex, Inc.  | 327940 | 36627619 |
| Paycom Software, Inc.  | 51131 | 8240783 |
| Paylocity Holding Corp. \* | 44129 | 6501526 |
| RB Global, Inc.  | 187694 | 18431551 |
| Republic Services, Inc.  | 205340 | 44571100 |
| Rollins, Inc.  | 296834 | 18249354 |
| SS&C Technologies Holdings, Inc.  | 210851 | 18120535 |
| Tetra Tech, Inc.  | 268978 | 9344296 |
| TransUnion  | 195692 | 16643605 |
| Veralto Corp.  | 252331 | 25540944 |
| Verisk Analytics, Inc.  | 141250 | 31791138 |
| Waste Management, Inc.  | 375245 | 81754628 |
|  |  | **678550312** |
| **Consumer Discretionary Distribution & Retail 5.6%** | **Consumer Discretionary Distribution & Retail 5.6%** | **Consumer Discretionary Distribution & Retail 5.6%** |
| Amazon.com, Inc. \* | 9823075 | 2290937551 |
| AutoZone, Inc. \* | 16863 | 66681867 |
| Bath & Body Works, Inc.  | 214147 | 3728299 |
| Best Buy Co., Inc.  | 198003 | 15697678 |
| Burlington Stores, Inc. \* | 62652 | 15802714 |
| CarMax, Inc. \* | 151542 | 5858614 |
| Carvana Co. \* | 139465 | 52229642 |
| Coupang, Inc. \* | 1367494 | 38508631 |
| Dick's Sporting Goods, Inc.  | 67423 | 13927569 |
| eBay, Inc.  | 462493 | 38289795 |
| Etsy, Inc. \* | 100298 | 5438158 |
| &nbsp;&nbsp;&nbsp;&nbsp; Floor & Decor Holdings, Inc., <br> Class A \*<br>| 108322 | 6891446 |
| GameStop Corp., Class A \* | 420241 | 9468030 |
| Genuine Parts Co.  | 140838 | 18365275 |
| Home Depot, Inc.  | 1007368 | 359549787 |
| Lithia Motors, Inc.  | 26075 | 8313753 |
| LKQ Corp.  | 262854 | 7804135 |
| Lowe's Cos., Inc.  | 567441 | 137593094 |
| Murphy USA, Inc.  | 17455 | 6721397 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| O'Reilly Automotive, Inc. \* | 859400 | 87400980 |
| Penske Automotive Group, Inc.  | 19228 | 3109552 |
| Pool Corp.  | 32886 | 8011030 |
| Ross Stores, Inc.  | 331115 | 58395441 |
| TJX Cos., Inc.  | 1129197 | 171547608 |
| Tractor Supply Co.  | 534243 | 29265832 |
| Ulta Beauty, Inc. \* | 45111 | 24307160 |
| Williams-Sonoma, Inc.  | 124347 | 22383703 |
|  |  | **3506228741** |
| **Consumer Durables & Apparel 0.6%** | **Consumer Durables & Apparel 0.6%** | **Consumer Durables & Apparel 0.6%** |
| Deckers Outdoor Corp. \* | 150126 | 13215592 |
| DR Horton, Inc.  | 280810 | 44651598 |
| Garmin Ltd.  | 165393 | 32304561 |
| Hasbro, Inc.  | 136675 | 11289355 |
| Lennar Corp., Class A  | 234281 | 30761095 |
| Lululemon Athletica, Inc. \* | 110347 | 20323711 |
| Mohawk Industries, Inc. \* | 52806 | 6120215 |
| NIKE, Inc., Class B  | 1202269 | 77702646 |
| NVR, Inc. \* | 2904 | 21801170 |
| PulteGroup, Inc.  | 199114 | 25325310 |
| Ralph Lauren Corp.  | 38776 | 14243588 |
| Somnigroup International, Inc.  | 212516 | 19449464 |
| Tapestry, Inc.  | 210655 | 23020378 |
| Toll Brothers, Inc.  | 98760 | 13809611 |
| TopBuild Corp. \* | 28648 | 12963220 |
|  |  | **366981514** |
| **Consumer Services 1.9%** | **Consumer Services 1.9%** | **Consumer Services 1.9%** |
| ADT, Inc.  | 520668 | 4295511 |
| Airbnb, Inc., Class A \* | 434148 | 50790975 |
| Aramark  | 265702 | 9876143 |
| Booking Holdings, Inc.  | 32710 | 160759510 |
| Carnival Corp. \* | 1098874 | 28328972 |
| Cava Group, Inc. \* | 100822 | 4929188 |
| Chipotle Mexican Grill, Inc. \* | 1358620 | 46899562 |
| Churchill Downs, Inc.  | 66920 | 7300303 |
| Darden Restaurants, Inc.  | 118264 | 21237849 |
| Domino's Pizza, Inc.  | 31308 | 13137776 |
| DoorDash, Inc., Class A \* | 374903 | 74369508 |
| DraftKings, Inc., Class A \* | 499615 | 16567233 |
| Duolingo, Inc. \* | 39802 | 7618501 |
| Expedia Group, Inc.  | 119466 | 30546262 |
| Flutter Entertainment PLC \* | 178163 | 37202216 |
| Hilton Worldwide Holdings, Inc.  | 238081 | 67860227 |
| Las Vegas Sands Corp.  | 312576 | 21305180 |
| Marriott International, Inc., Class A  | 227681 | 69394892 |
| McDonald's Corp.  | 722758 | 225370400 |
| MGM Resorts International \* | 202348 | 7140861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings <br> Ltd. \*<br>| 460425 | 8499446 |
| Royal Caribbean Cruises Ltd.  | 255517 | 68031401 |
| Service Corp. International  | 140701 | 11175880 |
| Starbucks Corp.  | 1151714 | 100325807 |
| Texas Roadhouse, Inc.  | 66526 | 11658681 |
| Wingstop, Inc.  | 28065 | 7429647 |
| Wyndham Hotels & Resorts, Inc.  | 79515 | 5820498 |
| Wynn Resorts Ltd.  | 85060 | 10945521 |
| Yum! Brands, Inc.  | 281209 | 43084031 |
|  |  | **1171901981** |
| **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** | **Consumer Staples Distribution & Retail 1.8%** |
| Albertsons Cos., Inc., Class A  | 409315 | 7502744 |
| BJ's Wholesale Club Holdings, Inc. \* | 133883 | 11946380 |
| Casey's General Stores, Inc.  | 37393 | 21331211 |
| Costco Wholesale Corp.  | 448789 | 410009142 |

---

**33**

------

Schwab U.S. Large-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Dollar General Corp.  | 221434 | 24244809 |
| Dollar Tree, Inc. \* | 196564 | 21781257 |
| Kroger Co.  | 616171 | 41455985 |
| Maplebear, Inc. \* | 185421 | 7789536 |
| Performance Food Group Co. \* | 157842 | 15321723 |
| Sprouts Farmers Market, Inc. \* | 97314 | 8155886 |
| Sysco Corp.  | 483321 | 36829060 |
| Target Corp.  | 459569 | 41646143 |
| U.S. Foods Holding Corp. \* | 227340 | 17884838 |
| Walmart, Inc.  | 4443169 | 491014606 |
|  |  | **1156913320** |
| **Energy 2.9%** | **Energy 2.9%** | **Energy 2.9%** |
| Antero Resources Corp. \* | 298171 | 10862370 |
| APA Corp.  | 368738 | 9207388 |
| Baker Hughes Co.  | 998051 | 50102160 |
| Cheniere Energy, Inc.  | 222071 | 46292921 |
| Chevron Corp.  | 1947892 | 294384918 |
| ConocoPhillips  | 1264944 | 112187883 |
| Coterra Energy, Inc.  | 777275 | 20862061 |
| Devon Energy Corp.  | 639898 | 23714620 |
| Diamondback Energy, Inc.  | 189573 | 28926944 |
| DT Midstream, Inc.  | 101812 | 12366086 |
| EOG Resources, Inc.  | 551724 | 59503433 |
| EQT Corp.  | 631375 | 38425482 |
| Expand Energy Corp.  | 240718 | 29350746 |
| Exxon Mobil Corp.  | 4315051 | 500200712 |
| Halliburton Co.  | 863811 | 22649124 |
| HF Sinclair Corp.  | 161768 | 8559145 |
| Kinder Morgan, Inc.  | 1983694 | 54194520 |
| Marathon Petroleum Corp.  | 307501 | 59572169 |
| Occidental Petroleum Corp.  | 727469 | 30553698 |
| ONEOK, Inc.  | 637714 | 46438333 |
| Ovintiv, Inc.  | 258410 | 10584474 |
| Permian Resources Corp.  | 706303 | 10234330 |
| Phillips 66  | 408738 | 55980756 |
| Range Resources Corp.  | 244909 | 9671456 |
| SLB Ltd.  | 1509415 | 54701200 |
| Targa Resources Corp.  | 217439 | 38119231 |
| TechnipFMC PLC  | 416460 | 18848980 |
| Texas Pacific Land Corp.  | 19364 | 16736112 |
| Valero Energy Corp.  | 314072 | 55515367 |
| Williams Cos., Inc.  | 1237790 | 75418545 |
|  |  | **1804165164** |
| **Equity Real Estate Investment Trusts (REITs) 1.8%** | **Equity Real Estate Investment Trusts (REITs) 1.8%** | **Equity Real Estate Investment Trusts (REITs) 1.8%** |
| Alexandria Real Estate Equities, Inc.  | 156864 | 8418891 |
| American Homes 4 Rent, Class A  | 333232 | 10703412 |
| American Tower Corp.  | 474503 | 86013159 |
| AvalonBay Communities, Inc.  | 144078 | 26213551 |
| BXP, Inc.  | 146937 | 10632361 |
| Camden Property Trust  | 108400 | 11527256 |
| Crown Castle, Inc.  | 441095 | 40263152 |
| CubeSmart  | 231482 | 8618075 |
| Digital Realty Trust, Inc.  | 324216 | 51913466 |
| EastGroup Properties, Inc.  | 54651 | 9901668 |
| Equinix, Inc.  | 99091 | 74646241 |
| Equity LifeStyle Properties, Inc.  | 194418 | 12223060 |
| Equity Residential  | 353067 | 21801887 |
| Essex Property Trust, Inc.  | 64628 | 17037233 |
| Extra Space Storage, Inc.  | 214218 | 28527411 |
| Federal Realty Investment Trust  | 77998 | 7700743 |
| Gaming & Leisure Properties, Inc.  | 287746 | 12525583 |
| Healthpeak Properties, Inc.  | 697674 | 12739527 |
| Host Hotels & Resorts, Inc.  | 641721 | 11313541 |
| Invitation Homes, Inc.  | 567930 | 16015626 |
| Iron Mountain, Inc.  | 298739 | 25796113 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Kimco Realty Corp.  | 691048 | 14277052 |
| Lamar Advertising Co., Class A  | 86924 | 11507868 |
| Lineage, Inc.  | 58707 | 2102885 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment <br> Communities, Inc. <br>| 117456 | 15961096 |
| Millrose Properties, Inc.  | 8204 | 249894 |
| NNN REIT, Inc.  | 193320 | 7993782 |
| Omega Healthcare Investors, Inc.  | 298535 | 13708727 |
| Prologis, Inc.  | 939776 | 120789409 |
| Public Storage  | 159833 | 43880552 |
| Realty Income Corp.  | 927028 | 53406083 |
| Regency Centers Corp.  | 167026 | 11885570 |
| Rexford Industrial Realty, Inc.  | 242191 | 10077568 |
| SBA Communications Corp.  | 109257 | 21225357 |
| Simon Property Group, Inc.  | 330181 | 61519324 |
| Sun Communities, Inc.  | 118975 | 15328739 |
| UDR, Inc.  | 306770 | 11172563 |
| Ventas, Inc.  | 460366 | 37119311 |
| VICI Properties, Inc.  | 1079414 | 31108711 |
| Welltower, Inc.  | 677167 | 140999713 |
| Weyerhaeuser Co.  | 729056 | 16192334 |
| WP Carey, Inc.  | 221423 | 14917268 |
|  |  | **1159955762** |
| **Financial Services 7.8%** | **Financial Services 7.8%** | **Financial Services 7.8%** |
| Affirm Holdings, Inc., Class A \* | 285375 | 20247356 |
| AGNC Investment Corp.  | 1069070 | 11214544 |
| Ally Financial, Inc.  | 283066 | 11690626 |
| American Express Co.  | 548907 | 200499260 |
| Ameriprise Financial, Inc.  | 95445 | 43498104 |
| Annaly Capital Management, Inc.  | 649034 | 14797975 |
| Apollo Global Management, Inc.  | 465782 | 61413357 |
| ARES Management Corp., Class A  | 207528 | 32550767 |
| Bank of New York Mellon Corp.  | 714452 | 80090069 |
| Berkshire Hathaway, Inc., Class B \* | 1855940 | 953600531 |
| Blackrock, Inc.  | 145725 | 152617793 |
| Blackstone, Inc.  | 746451 | 109295355 |
| Block, Inc. \* | 556319 | 37162109 |
| Blue Owl Capital, Inc.  | 626459 | 9396885 |
| Capital One Financial Corp.  | 647132 | 141767207 |
| Carlyle Group, Inc.  | 263481 | 14367619 |
| Cboe Global Markets, Inc.  | 106356 | 27457929 |
| Charles Schwab Corp. *(a)* | 1715042 | 159035845 |
| CME Group, Inc.  | 364812 | 102679986 |
| Coinbase Global, Inc., Class A \* | 228763 | 62411122 |
| Corebridge Financial, Inc.  | 284531 | 8541621 |
| Corpay, Inc. \* | 71680 | 21202944 |
| Equitable Holdings, Inc.  | 303073 | 14150478 |
| Evercore, Inc., Class A  | 38655 | 12372306 |
| FactSet Research Systems, Inc.  | 37919 | 10513801 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information <br> Services, Inc. <br>| 529031 | 34794369 |
| Fiserv, Inc. \* | 548139 | 33694104 |
| Franklin Resources, Inc.  | 309915 | 7000980 |
| Global Payments, Inc.  | 245211 | 18577185 |
| Goldman Sachs Group, Inc.  | 306356 | 253062310 |
| Houlihan Lokey, Inc.  | 54784 | 9609114 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc., <br> Class A <br>| 450649 | 29301198 |
| Intercontinental Exchange, Inc.  | 580099 | 91249573 |
| Invesco Ltd.  | 449330 | 10986119 |
| Jack Henry & Associates, Inc.  | 73946 | 12902098 |
| Jefferies Financial Group, Inc.  | 166326 | 9573725 |
| KKR & Co., Inc.  | 695295 | 85041531 |
| LPL Financial Holdings, Inc.  | 81129 | 28885169 |
| MarketAxess Holdings, Inc.  | 37136 | 6086219 |
| Mastercard, Inc., Class A  | 835414 | 459920469 |
| Moody's Corp.  | 156288 | 76703025 |

---

**34**

------

Schwab U.S. Large-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Morgan Stanley  | 1227445 | 208248319 |
| Morningstar, Inc.  | 24493 | 5262566 |
| MSCI, Inc.  | 78075 | 44012439 |
| Nasdaq, Inc.  | 459101 | 41741463 |
| Northern Trust Corp.  | 193618 | 25429788 |
| PayPal Holdings, Inc.  | 967342 | 60642670 |
| Raymond James Financial, Inc.  | 179321 | 28070909 |
| Robinhood Markets, Inc., Class A \* | 783552 | 100678596 |
| S&P Global, Inc.  | 316043 | 157651730 |
| SEI Investments Co.  | 96551 | 7807114 |
| SoFi Technologies, Inc. \* | 1208688 | 35922207 |
| Starwood Property Trust, Inc.  | 346536 | 6355470 |
| State Street Corp.  | 287287 | 34192899 |
| Stifel Financial Corp.  | 103163 | 12585886 |
| Synchrony Financial  | 375966 | 29084730 |
| T. Rowe Price Group, Inc.  | 222379 | 22767162 |
| Toast, Inc., Class A \* | 469638 | 16056923 |
| Tradeweb Markets, Inc., Class A  | 117211 | 12759589 |
| Visa, Inc., Class A  | 1719236 | 574981288 |
| Voya Financial, Inc.  | 98926 | 6954498 |
|  |  | **4911169023** |
| **Food, Beverage & Tobacco 2.0%** | **Food, Beverage & Tobacco 2.0%** | **Food, Beverage & Tobacco 2.0%** |
| Altria Group, Inc.  | 1702071 | 100439210 |
| Archer-Daniels-Midland Co.  | 486391 | 29543389 |
| Brown-Forman Corp., Class B  | 229206 | 6642390 |
| Bunge Global SA  | 141792 | 13621957 |
| Campbell's Co.  | 199124 | 6069299 |
| Celsius Holdings, Inc. \* | 162923 | 6670068 |
| Coca-Cola Co.  | 3922088 | 286783075 |
| Coca-Cola Consolidated, Inc.  | 61341 | 9995516 |
| Conagra Brands, Inc.  | 484900 | 8655465 |
| Constellation Brands, Inc., Class A  | 144741 | 19739778 |
| General Mills, Inc.  | 541276 | 25629419 |
| Hershey Co.  | 150372 | 28281966 |
| Hormel Foods Corp.  | 299846 | 6959426 |
| J.M. Smucker Co.  | 107763 | 11226749 |
| Kellanova  | 272443 | 22787132 |
| Keurig Dr. Pepper, Inc.  | 1376806 | 38412887 |
| Kraft Heinz Co.  | 863409 | 22025564 |
| Lamb Weston Holdings, Inc.  | 140461 | 8295627 |
| &nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. - Non Voting <br> Shares <br>| 256889 | 17334870 |
| Molson Coors Beverage Co., Class B  | 168996 | 7860004 |
| Mondelez International, Inc., Class A  | 1311596 | 75508582 |
| Monster Beverage Corp. \* | 719450 | 53951555 |
| PepsiCo, Inc.  | 1384979 | 206001776 |
| Philip Morris International, Inc.  | 1576320 | 248238874 |
| Pilgrim's Pride Corp.  | 41453 | 1576872 |
| Primo Brands Corp.  | 256966 | 4031796 |
| Tyson Foods, Inc., Class A  | 290981 | 16891447 |
|  |  | **1283174693** |
| **Health Care Equipment & Services 3.7%** | **Health Care Equipment & Services 3.7%** | **Health Care Equipment & Services 3.7%** |
| Abbott Laboratories  | 1762604 | 227199656 |
| Align Technology, Inc. \* | 69181 | 10182751 |
| Baxter International, Inc.  | 519533 | 9736048 |
| Becton Dickinson & Co.  | 290277 | 56319544 |
| Boston Scientific Corp. \* | 1500031 | 152373149 |
| Cardinal Health, Inc.  | 241869 | 51339114 |
| Cencora, Inc.  | 196140 | 72361930 |
| Centene Corp. \* | 472080 | 18571627 |
| Chemed Corp.  | 14430 | 6337512 |
| Cigna Group  | 269831 | 74818740 |
| Cooper Cos., Inc. \* | 203274 | 15841143 |
| CVS Health Corp.  | 1284926 | 103256653 |
| DaVita, Inc. \* | 35385 | 4234877 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Dexcom, Inc. \* | 399318 | 25344713 |
| Edwards Lifesciences Corp. \* | 594357 | 51512921 |
| Elevance Health, Inc.  | 227605 | 76989667 |
| Encompass Health Corp.  | 101126 | 11752864 |
| GE HealthCare Technologies, Inc.  | 461856 | 36943861 |
| HCA Healthcare, Inc.  | 165531 | 84137752 |
| Henry Schein, Inc. \* | 103094 | 7687720 |
| Hologic, Inc. \* | 223802 | 16778436 |
| Humana, Inc.  | 121611 | 29888335 |
| IDEXX Laboratories, Inc. \* | 80709 | 60764192 |
| Insulet Corp. \* | 70891 | 23194826 |
| Intuitive Surgical, Inc. \* | 362988 | 208166358 |
| Labcorp Holdings, Inc.  | 83854 | 22538278 |
| Masimo Corp. \* | 45629 | 6498938 |
| McKesson Corp.  | 125980 | 111003498 |
| Medtronic PLC  | 1297074 | 136620804 |
| Molina Healthcare, Inc. \* | 55148 | 8176242 |
| Penumbra, Inc. \* | 39762 | 11657026 |
| Quest Diagnostics, Inc.  | 113056 | 21387934 |
| ResMed, Inc.  | 148131 | 37896354 |
| Solventum Corp. \* | 150048 | 12793093 |
| STERIS PLC  | 100242 | 26692440 |
| Stryker Corp.  | 348262 | 129267889 |
| Tenet Healthcare Corp. \* | 88812 | 19257994 |
| UnitedHealth Group, Inc.  | 916606 | 302269161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Health Services, Inc., <br> Class B <br>| 56586 | 13786047 |
| Veeva Systems, Inc., Class A \* | 151733 | 36459923 |
| Zimmer Biomet Holdings, Inc.  | 201801 | 19679634 |
|  |  | **2351719644** |
| **Household & Personal Products 0.9%** | **Household & Personal Products 0.9%** | **Household & Personal Products 0.9%** |
| Church & Dwight Co., Inc.  | 246571 | 20997986 |
| Clorox Co.  | 122522 | 13225025 |
| Colgate-Palmolive Co.  | 819191 | 65854764 |
| Estee Lauder Cos., Inc., Class A  | 248609 | 23386649 |
| Kenvue, Inc.  | 1943137 | 33713427 |
| Kimberly-Clark Corp.  | 336118 | 36677196 |
| Procter & Gamble Co.  | 2370150 | 351161424 |
|  |  | **545016471** |
| **Insurance 1.8%** | **Insurance 1.8%** | **Insurance 1.8%** |
| Aflac, Inc.  | 487377 | 53762557 |
| Allstate Corp.  | 266500 | 56759170 |
| American Financial Group, Inc.  | 69920 | 9629382 |
| American International Group, Inc.  | 560687 | 42701922 |
| Aon PLC, Class A  | 218082 | 77183582 |
| Arch Capital Group Ltd. \* | 375843 | 35299175 |
| Arthur J Gallagher & Co.  | 259353 | 64220990 |
| Assurant, Inc.  | 50551 | 11533716 |
| Brown & Brown, Inc.  | 296342 | 23834787 |
| Chubb Ltd.  | 375452 | 111201373 |
| Cincinnati Financial Corp.  | 158987 | 26644631 |
| CNA Financial Corp.  | 20051 | 937384 |
| Erie Indemnity Co., Class A  | 25281 | 7470283 |
| Everest Group Ltd.  | 42685 | 13415469 |
| Fidelity National Financial, Inc.  | 258254 | 15348035 |
| Globe Life, Inc.  | 81484 | 10978339 |
| Hartford Insurance Group, Inc.  | 284476 | 38981746 |
| Kinsale Capital Group, Inc.  | 22380 | 8614062 |
| Loews Corp.  | 171922 | 18545226 |
| Markel Group, Inc. \* | 12797 | 26623391 |
| Marsh & McLennan Cos., Inc.  | 497746 | 91311504 |
| MetLife, Inc.  | 564904 | 43249050 |
| Old Republic International Corp.  | 231493 | 10671827 |
| Principal Financial Group, Inc.  | 204490 | 17344842 |
| Progressive Corp.  | 593432 | 135771307 |

---

**35**

------

Schwab U.S. Large-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Prudential Financial, Inc.  | 355893 | 38525417 |
| Reinsurance Group of America, Inc.  | 67226 | 12764201 |
| RenaissanceRe Holdings Ltd.  | 47295 | 12352035 |
| Travelers Cos., Inc.  | 227445 | 66609543 |
| Unum Group  | 158610 | 12049602 |
| W.R. Berkley Corp.  | 303222 | 23557317 |
| Willis Towers Watson PLC  | 98680 | 31676280 |
|  |  | **1149568145** |
| **Materials 1.9%** | **Materials 1.9%** | **Materials 1.9%** |
| Air Products & Chemicals, Inc.  | 225215 | 58792376 |
| Albemarle Corp.  | 120134 | 15616219 |
| Alcoa Corp.  | 258437 | 10787160 |
| Amcor PLC  | 2335475 | 19898247 |
| Amrize Ltd. \* | 520634 | 26817857 |
| AptarGroup, Inc.  | 65457 | 8165761 |
| Avery Dennison Corp.  | 79405 | 13687040 |
| Axalta Coating Systems Ltd. \* | 224197 | 6755056 |
| Ball Corp.  | 275437 | 13642395 |
| CF Industries Holdings, Inc.  | 165147 | 12997069 |
| Corteva, Inc.  | 687891 | 46412006 |
| CRH PLC  | 681026 | 81695879 |
| Crown Holdings, Inc.  | 115912 | 11223759 |
| Dow, Inc.  | 715515 | 17065033 |
| DuPont de Nemours, Inc.  | 423253 | 16832772 |
| Eastman Chemical Co.  | 116419 | 7227291 |
| Ecolab, Inc.  | 258598 | 71155826 |
| Freeport-McMoRan, Inc.  | 1453780 | 62483464 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, <br> Inc. <br>| 259288 | 18015330 |
| International Paper Co.  | 530677 | 20951128 |
| Linde PLC  | 474377 | 194646371 |
| LyondellBasell Industries NV, Class A  | 257883 | 12633688 |
| Martin Marietta Materials, Inc.  | 60857 | 37928517 |
| Mosaic Co.  | 323739 | 7928368 |
| MP Materials Corp. \* | 135862 | 8416651 |
| Newmont Corp.  | 1112441 | 100931772 |
| Nucor Corp.  | 232151 | 37025763 |
| Packaging Corp. of America  | 89994 | 18365075 |
| PPG Industries, Inc.  | 228328 | 22841933 |
| Reliance, Inc.  | 53610 | 14974345 |
| Royal Gold, Inc.  | 81433 | 16599303 |
| RPM International, Inc.  | 128765 | 13810046 |
| Sherwin-Williams Co.  | 234854 | 80716971 |
| Smurfit WestRock PLC  | 528142 | 18849388 |
| Solstice Advanced Materials, Inc. \* | 160214 | 7639003 |
| Steel Dynamics, Inc.  | 140122 | 23516675 |
| Vulcan Materials Co.  | 133616 | 39716020 |
| Westlake Corp.  | 33988 | 2270738 |
|  |  | **1199032295** |
| **Media & Entertainment 9.6%** | **Media & Entertainment 9.6%** | **Media & Entertainment 9.6%** |
| Alphabet, Inc., Class A  | 5884547 | 1884114258 |
| Alphabet, Inc., Class C  | 4723674 | 1512142521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications, Inc., <br> Class A \*<br>| 94084 | 18828090 |
| Comcast Corp., Class A  | 3731224 | 99586368 |
| Electronic Arts, Inc.  | 227601 | 45982230 |
| Fox Corp., Class A  | 347484 | 22760202 |
| Liberty Broadband Corp., Class C \* | 135509 | 6272712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Formula <br> One, Class C \*<br>| 249666 | 23962943 |
| Live Nation Entertainment, Inc. \* | 158817 | 20876495 |
| Match Group, Inc.  | 241882 | 8057089 |
| Meta Platforms, Inc., Class A  | 2195344 | 1422473145 |
| Netflix, Inc. \* | 4300934 | 462694480 |
| News Corp., Class A  | 519385 | 13337807 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Omnicom Group, Inc.  | 324788 | 23261326 |
| Paramount Skydance Corp., Class B  | 315339 | 5051731 |
| Pinterest, Inc., Class A \* | 602656 | 15741375 |
| Reddit, Inc., Class A \* | 125097 | 27079748 |
| ROBLOX Corp., Class A \* | 653861 | 62136411 |
| Roku, Inc. \* | 132627 | 12836967 |
| Sirius XM Holdings, Inc.  | 190636 | 4052921 |
| Snap, Inc., Class A \* | 1131147 | 8687209 |
| Take-Two Interactive Software, Inc. \* | 175030 | 43069632 |
| TKO Group Holdings, Inc.  | 69640 | 13502500 |
| Trade Desk, Inc., Class A \* | 451117 | 17846188 |
| Walt Disney Co.  | 1818814 | 190011498 |
| Warner Bros Discovery, Inc. \* | 2508782 | 60210768 |
|  |  | **6024576614** |
| **Pharmaceuticals, Biotechnology & Life Sciences 6.1%** | **Pharmaceuticals, Biotechnology & Life Sciences 6.1%** | **Pharmaceuticals, Biotechnology & Life Sciences 6.1%** |
| AbbVie, Inc.  | 1788598 | 407263765 |
| Agilent Technologies, Inc.  | 287782 | 44174537 |
| Alnylam Pharmaceuticals, Inc. \* | 132653 | 59857013 |
| Amgen, Inc.  | 544677 | 188164116 |
| Avantor, Inc. \* | 689223 | 8084586 |
| Biogen, Inc. \* | 148393 | 27020881 |
| BioMarin Pharmaceutical, Inc. \* | 193675 | 10832243 |
| Bio-Rad Laboratories, Inc., Class A \* | 18265 | 5933568 |
| Bio-Techne Corp.  | 158584 | 10230254 |
| Bristol-Myers Squibb Co.  | 2061795 | 101440314 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories <br> International, Inc. \*<br>| 50114 | 8927308 |
| Danaher Corp.  | 644947 | 146261081 |
| Elanco Animal Health, Inc. \* | 502820 | 11700621 |
| Eli Lilly & Co.  | 804663 | 865390917 |
| Exact Sciences Corp. \* | 191662 | 19413444 |
| Exelixis, Inc. \* | 272203 | 12023207 |
| Gilead Sciences, Inc.  | 1255804 | 158030375 |
| Illumina, Inc. \* | 155563 | 20448756 |
| Incyte Corp. \* | 164500 | 17183670 |
| Insmed, Inc. \* | 213939 | 44450106 |
| IQVIA Holdings, Inc. \* | 171977 | 39556430 |
| Jazz Pharmaceuticals PLC \* | 61286 | 10818818 |
| Johnson & Johnson  | 2437815 | 504432680 |
| Medpace Holdings, Inc. \* | 22259 | 13187567 |
| Merck & Co., Inc.  | 2526962 | 264901426 |
| Mettler-Toledo International, Inc. \* | 20893 | 30853111 |
| Moderna, Inc. \* | 351325 | 9127424 |
| Natera, Inc. \* | 138540 | 33084737 |
| Neurocrine Biosciences, Inc. \* | 99959 | 15209761 |
| Pfizer, Inc.  | 5756693 | 148177278 |
| Regeneron Pharmaceuticals, Inc.  | 103170 | 80492202 |
| Repligen Corp. \* | 54406 | 9304514 |
| Revvity, Inc.  | 116445 | 12158022 |
| Roivant Sciences Ltd. \* | 441341 | 9184306 |
| Royalty Pharma PLC, Class A  | 383816 | 15360316 |
| Summit Therapeutics, Inc. \**(b)* | 150849 | 2698689 |
| Tempus AI, Inc. \* | 100717 | 7848876 |
| Thermo Fisher Scientific, Inc.  | 381969 | 225678744 |
| United Therapeutics Corp. \* | 45356 | 22043016 |
| Vertex Pharmaceuticals, Inc. \* | 259472 | 112509654 |
| Viatris, Inc.  | 1188039 | 12700137 |
| Waters Corp. \* | 60049 | 24224968 |
| West Pharmaceutical Services, Inc.  | 72516 | 20105061 |
| Zoetis, Inc.  | 448321 | 57465786 |
|  |  | **3847954285** |
| **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** | **Real Estate Management & Development 0.2%** |
| CBRE Group, Inc., Class A \* | 296866 | 48041825 |
| CoStar Group, Inc. \* | 428221 | 29461605 |

---

**36**

------

Schwab U.S. Large-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Jones Lang LaSalle, Inc. \* | 47967 | 15622372 |
| Zillow Group, Inc., Class C \* | 225291 | 16757144 |
|  |  | **109882946** |
| **Semiconductors & Semiconductor Equipment 13.5%** | **Semiconductors & Semiconductor Equipment 13.5%** | **Semiconductors & Semiconductor Equipment 13.5%** |
| Advanced Micro Devices, Inc. \* | 1642602 | 357315213 |
| Analog Devices, Inc.  | 502355 | 133294876 |
| Applied Materials, Inc.  | 811893 | 204800009 |
| Astera Labs, Inc. \* | 130947 | 20633319 |
| Broadcom, Inc.  | 4760682 | 1918364419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Credo Technology Group Holding <br> Ltd. \*<br>| 152820 | 27140832 |
| Entegris, Inc.  | 152114 | 11734074 |
| First Solar, Inc. \* | 108944 | 29732996 |
| Intel Corp. \* | 4429118 | 179645026 |
| KLA Corp.  | 133506 | 156932298 |
| Lam Research Corp.  | 1280370 | 199737720 |
| Lattice Semiconductor Corp. \* | 136854 | 9608519 |
| Marvell Technology, Inc.  | 872850 | 78032790 |
| Microchip Technology, Inc.  | 546776 | 29296258 |
| Micron Technology, Inc.  | 1133287 | 267999710 |
| Monolithic Power Systems, Inc.  | 48492 | 45008820 |
| NVIDIA Corp.  | 24684753 | 4369201281 |
| NXP Semiconductors NV  | 255343 | 49776564 |
| ON Semiconductor Corp. \* | 413342 | 20766302 |
| Qnity Electronics, Inc.  | 211509 | 17151265 |
| Qorvo, Inc. \* | 84798 | 7283300 |
| QUALCOMM, Inc.  | 1091182 | 183416782 |
| Skyworks Solutions, Inc.  | 149846 | 9882344 |
| Teradyne, Inc.  | 160749 | 29238636 |
| Texas Instruments, Inc.  | 920122 | 154828929 |
| Universal Display Corp.  | 44043 | 5238034 |
|  |  | **8516060316** |
| **Software & Services 11.3%** | **Software & Services 11.3%** | **Software & Services 11.3%** |
| Accenture PLC, Class A  | 630297 | 157574250 |
| Adobe, Inc. \* | 429398 | 137463182 |
| Akamai Technologies, Inc. \* | 145259 | 13003586 |
| AppLovin Corp., Class A \* | 274130 | 164335452 |
| Atlassian Corp., Class A \* | 167087 | 24982848 |
| Autodesk, Inc. \* | 216185 | 65577558 |
| Bentley Systems, Inc., Class B  | 149915 | 6290433 |
| Cadence Design Systems, Inc. \* | 275627 | 85951524 |
| Circle Internet Group, Inc. \* | 53509 | 4276974 |
| Cloudflare, Inc., Class A \* | 316724 | 63411312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions <br> Corp., Class A <br>| 493516 | 38351128 |
| CoreWeave, Inc., Class A \* | 221008 | 16160105 |
| Crowdstrike Holdings, Inc., Class A \* | 252210 | 128415244 |
| Datadog, Inc., Class A \* | 327891 | 52465839 |
| Docusign, Inc. \* | 202947 | 14074375 |
| Dynatrace, Inc. \* | 304455 | 13566515 |
| Elastic NV \* | 94483 | 6663886 |
| EPAM Systems, Inc. \* | 55693 | 10414591 |
| Fair Isaac Corp. \* | 24268 | 43823882 |
| Fortinet, Inc. \* | 659477 | 53503369 |
| Gartner, Inc. \* | 76307 | 17759691 |
| Gen Digital, Inc.  | 564831 | 14894594 |
| GoDaddy, Inc., Class A \* | 139340 | 17816012 |
| Guidewire Software, Inc. \* | 85943 | 18561969 |
| HubSpot, Inc. \* | 53160 | 19526731 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. <br>| 943117 | 291027044 |
| Intuit, Inc.  | 282267 | 178979859 |
| Manhattan Associates, Inc. \* | 60721 | 10714221 |
| Microsoft Corp.  | 7519368 | 3699604250 |
| MongoDB, Inc. \* | 82469 | 27410222 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Nutanix, Inc., Class A \* | 270609 | 12935110 |
| Okta, Inc. \* | 170340 | 13683412 |
| Oracle Corp.  | 1677472 | 338765470 |
| Palantir Technologies, Inc., Class A \* | 2302542 | 387863200 |
| Palo Alto Networks, Inc. \* | 676031 | 128533774 |
| Procore Technologies, Inc. \* | 115689 | 8567927 |
| PTC, Inc. \* | 121130 | 21249836 |
| Roper Technologies, Inc.  | 108820 | 48557660 |
| Rubrik, Inc., Class A \* | 134260 | 9306903 |
| SailPoint, Inc. \* | 77672 | 1430718 |
| Salesforce, Inc.  | 968031 | 223169867 |
| ServiceNow, Inc. \* | 210612 | 171103295 |
| Snowflake, Inc., Class A \* | 337865 | 84885203 |
| Strategy, Inc., Class A \* | 267330 | 47365529 |
| Synopsys, Inc. \* | 187677 | 78450863 |
| Twilio, Inc., Class A \* | 155051 | 20108564 |
| Tyler Technologies, Inc. \* | 44037 | 20680656 |
| Unity Software, Inc. \* | 341976 | 14540820 |
| VeriSign, Inc.  | 85630 | 21577904 |
| Workday, Inc., Class A \* | 218150 | 47037503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoom Communications, Inc., <br> Class A \*<br>| 262416 | 22294863 |
| Zscaler, Inc. \* | 100690 | 25323535 |
|  |  | **7144033258** |
| **Technology Hardware & Equipment 8.8%** | **Technology Hardware & Equipment 8.8%** | **Technology Hardware & Equipment 8.8%** |
| Amphenol Corp., Class A  | 1235493 | 174080964 |
| Apple, Inc.  | 15013319 | 4186464003 |
| Arista Networks, Inc. \* | 1042994 | 136298456 |
| Arrow Electronics, Inc. \* | 52805 | 5703468 |
| CDW Corp.  | 133789 | 19295050 |
| Ciena Corp. \* | 142822 | 29165681 |
| Cisco Systems, Inc.  | 4008636 | 308424454 |
| Cognex Corp.  | 172641 | 6577622 |
| Coherent Corp. \* | 156535 | 25712439 |
| Corning, Inc.  | 788300 | 66374860 |
| Dell Technologies, Inc., Class C  | 305875 | 40788431 |
| F5, Inc. \* | 57716 | 13803359 |
| Fabrinet \* | 36567 | 16799245 |
| Flex Ltd. \* | 379657 | 22441525 |
| Hewlett Packard Enterprise Co.  | 1326036 | 29000407 |
| HP, Inc.  | 947519 | 23138414 |
| IonQ, Inc. \* | 300232 | 14801438 |
| Jabil, Inc.  | 108155 | 22789340 |
| Keysight Technologies, Inc. \* | 173503 | 34344919 |
| Motorola Solutions, Inc.  | 168644 | 62344314 |
| NetApp, Inc.  | 201801 | 22512919 |
| Pure Storage, Inc., Class A \* | 315361 | 28054514 |
| Seagate Technology Holdings PLC  | 215255 | 59558906 |
| Super Micro Computer, Inc. \* | 507343 | 17173560 |
| TD SYNNEX Corp.  | 78077 | 11905181 |
| TE Connectivity PLC  | 298711 | 67553493 |
| Teledyne Technologies, Inc. \* | 47509 | 23731696 |
| Trimble, Inc. \* | 239748 | 19520282 |
| Ubiquiti, Inc.  | 4409 | 2570844 |
| Western Digital Corp.  | 350720 | 57283098 |
| Zebra Technologies Corp., Class A \* | 51162 | 12931195 |
|  |  | **5561144077** |
| **Telecommunication Services 0.8%** | **Telecommunication Services 0.8%** | **Telecommunication Services 0.8%** |
| AST SpaceMobile, Inc., Class A \* | 237029 | 13321030 |
| AT&T, Inc.  | 7236014 | 188281084 |
| GCI Liberty, Inc. \**(c)* | 75055 | 0 |
| T-Mobile U.S., Inc.  | 490104 | 102436637 |
| Verizon Communications, Inc.  | 4267209 | 175424962 |
|  |  | **479463713** |

---

**37**

------

Schwab U.S. Large-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Transportation 1.3%** | **Transportation 1.3%** | **Transportation 1.3%** |
| American Airlines Group, Inc. \* | 663994 | 9329116 |
| CH Robinson Worldwide, Inc.  | 119286 | 18950967 |
| CSX Corp.  | 1887461 | 66740621 |
| Delta Air Lines, Inc.  | 656734 | 42096649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of <br> Washington, Inc. <br>| 136725 | 20084903 |
| FedEx Corp.  | 219427 | 60491635 |
| JB Hunt Transport Services, Inc.  | 77201 | 13429886 |
| Joby Aviation, Inc. \* | 528225 | 7622287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knight-Swift Transportation <br> Holdings, Inc. <br>| 167117 | 7653959 |
| Norfolk Southern Corp.  | 226824 | 66253022 |
| Old Dominion Freight Line, Inc.  | 187149 | 25319388 |
| Saia, Inc. \* | 26854 | 7561012 |
| Southwest Airlines Co.  | 531641 | 18506423 |
| Uber Technologies, Inc. \* | 2109998 | 184709225 |
| &nbsp;&nbsp;&nbsp;&nbsp; U-Haul Holding Co., Non Voting <br> Shares <br>| 108180 | 5204540 |
| Union Pacific Corp.  | 600214 | 139147612 |
| United Airlines Holdings, Inc. \* | 327826 | 33425139 |
| United Parcel Service, Inc., Class B  | 745075 | 71370734 |
| XPO, Inc. \* | 119008 | 16906276 |
|  |  | **814803394** |
| **Utilities 2.3%** | **Utilities 2.3%** | **Utilities 2.3%** |
| AES Corp.  | 720736 | 10133548 |
| Alliant Energy Corp.  | 262175 | 18213297 |
| Ameren Corp.  | 273647 | 29102358 |
| American Electric Power Co., Inc.  | 540991 | 66958456 |
| American Water Works Co., Inc.  | 198631 | 25835934 |
| Atmos Energy Corp.  | 163197 | 28783055 |
| CenterPoint Energy, Inc.  | 659642 | 26372487 |
| CMS Energy Corp.  | 305066 | 23014179 |
| Consolidated Edison, Inc.  | 364475 | 36578711 |
| Constellation Energy Corp.  | 316066 | 115161808 |
| Dominion Energy, Inc.  | 863011 | 54171201 |
| DTE Energy Co.  | 210962 | 28908123 |
| Duke Energy Corp.  | 786743 | 97508927 |
| Edison International  | 388322 | 22868283 |
| Entergy Corp.  | 451005 | 43982008 |
| Essential Utilities, Inc.  | 282532 | 11185442 |
| Evergy, Inc.  | 234006 | 18170566 |
| Eversource Energy  | 375518 | 25227299 |
| Exelon Corp.  | 1021441 | 48130300 |
| FirstEnergy Corp.  | 526101 | 25105540 |
| NextEra Energy, Inc.  | 2083984 | 179826979 |
| NiSource, Inc.  | 473799 | 20908750 |
| NRG Energy, Inc.  | 195937 | 33209362 |
| OGE Energy Corp.  | 204134 | 9345255 |
| Oklo, Inc. \* | 117796 | 10764199 |
| PG&E Corp.  | 2225270 | 35871352 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Pinnacle West Capital Corp.  | 121520 | 11041307 |
| PPL Corp.  | 744690 | 27479061 |
| Public Service Enterprise Group, Inc.  | 504685 | 42151291 |
| Sempra  | 660239 | 62537838 |
| Southern Co.  | 1113177 | 101432688 |
| Talen Energy Corp. \* | 45795 | 18055595 |
| Vistra Corp.  | 322424 | 57668757 |
| WEC Energy Group, Inc.  | 327002 | 36647114 |
| Xcel Energy, Inc.  | 597610 | 49069757 |
|  |  | **1451420827** |
| **Total Common Stocks**<br> **(Cost $33,626,990,669)** | **Total Common Stocks**<br> **(Cost $33,626,990,669)** | **62854254139** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS |
| **Money Market Funds 0.1%** | **Money Market Funds 0.1%** | **Money Market Funds 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(d)*<br>| 39137048 | 39137048 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(d)(e)*<br>| 2404517 | 2404517 |
|  |  | **41541565** |
| **Total Short-Term Investments**<br> **(Cost $41,541,565)** | **Total Short-Term Investments**<br> **(Cost $41,541,565)** | **41541565** |
| **Total Investments in Securities**<br> **(Cost $33,668,532,234)** | **Total Investments in Securities**<br> **(Cost $33,668,532,234)** | **62895795704** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index, e-mini, expires <br> 12/19/25<br>| 285 | 97747875 | **1264379** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* Issuer is affiliated with the fund's investment adviser.

*(b)* All or a portion of this security is on loan. Securities on loan were valued at $2,363,448. 

*(c)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(d)* The rate shown is the annualized 7-day yield.

*(e)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

REIT — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Below is a summary of the fund's transactions with affiliated issuers during the period ended November 30, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 8/31/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 11/30/25<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 11/30/25<br>| DIVIDENDS<br> RECEIVED<br>|
| **COMMON STOCKS** 0.3% OF NET ASSETS | **COMMON STOCKS** 0.3% OF NET ASSETS | **COMMON STOCKS** 0.3% OF NET ASSETS | **COMMON STOCKS** 0.3% OF NET ASSETS | **COMMON STOCKS** 0.3% OF NET ASSETS | **COMMON STOCKS** 0.3% OF NET ASSETS | **COMMON STOCKS** 0.3% OF NET ASSETS | **COMMON STOCKS** 0.3% OF NET ASSETS | **COMMON STOCKS** 0.3% OF NET ASSETS |
| **Financial Services 0.3%** | **Financial Services 0.3%** | **Financial Services 0.3%** | **Financial Services 0.3%** | **Financial Services 0.3%** | **Financial Services 0.3%** | **Financial Services 0.3%** | **Financial Services 0.3%** | **Financial Services 0.3%** |
| Charles Schwab Corp. | $164560539 | $2551667 | ($2743524)<br>| $413861 | ($5746698)<br>| **$159035845** | 1715042 | $461127 |

---

------

**38**

------

Schwab U.S. Large-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of November 30, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks <sup>1</sup> <br>| $62374790426 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $62374790426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services | 479463713 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 479463713 |
| Short-Term Investments <sup>1</sup> <br>| 41541565 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 41541565 |
| Futures Contracts <sup>2</sup> <br>| 1264379 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1264379 |
| **Total** | **$62897060083** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$0** <br><sup>\*</sup><br>| &nbsp;&nbsp; **$62897060083** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at November 30, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**39**

------

Schwab Strategic Trust

Schwab U.S. Large-Cap Growth ETF

------

**Portfolio Holdings** as of November 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.9% OF NET ASSETS | **COMMON STOCKS** 99.9% OF NET ASSETS | **COMMON STOCKS** 99.9% OF NET ASSETS |
| **Automobiles & Components 4.3%** | **Automobiles & Components 4.3%** | **Automobiles & Components 4.3%** |
| Tesla, Inc. \* | 5248541 | **2257764882** |
| **Banks 0.1%** | **Banks 0.1%** | **Banks 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; First Citizens BancShares, Inc., <br> Class A <br>| 19620 | **36844202** |
| **Capital Goods 4.6%** | **Capital Goods 4.6%** | **Capital Goods 4.6%** |
| Advanced Drainage Systems, Inc.  | 133977 | 20415415 |
| Axon Enterprise, Inc. \* | 146943 | 79369792 |
| Builders FirstSource, Inc. \* | 207034 | 23235426 |
| Carlisle Cos., Inc.  | 79865 | 25402661 |
| Carpenter Technology Corp.  | 93332 | 29729975 |
| Comfort Systems USA, Inc.  | 65902 | 64382300 |
| Core & Main, Inc., Class A \* | 355210 | 17170851 |
| Curtiss-Wright Corp.  | 70544 | 39807274 |
| EMCOR Group, Inc.  | 83768 | 51523184 |
| FTAI Aviation Ltd.  | 191945 | 33252552 |
| GE Vernova, Inc.  | 509466 | 305562423 |
| Generac Holdings, Inc. \* | 109895 | 16663379 |
| General Electric Co.  | 1984625 | 592311331 |
| HEICO Corp.  | 190354 | 60325086 |
| Lennox International, Inc.  | 59837 | 29850884 |
| MasTec, Inc. \* | 114805 | 24554493 |
| Parker-Hannifin Corp.  | 239111 | 206041949 |
| Quanta Services, Inc.  | 278981 | 129692687 |
| RBC Bearings, Inc. \* | 58841 | 26182480 |
| Rocket Lab Corp. \* | 794939 | 33498729 |
| Trane Technologies PLC  | 416412 | 175509330 |
| TransDigm Group, Inc.  | 105487 | 143480253 |
| United Rentals, Inc.  | 120430 | 98172127 |
| Vertiv Holdings Co., Class A  | 714856 | 128481069 |
| WW Grainger, Inc.  | 82417 | 78183239 |
|  |  | **2432798889** |
| **Commercial & Professional Services 0.2%** | **Commercial & Professional Services 0.2%** | **Commercial & Professional Services 0.2%** |
| CACI International, Inc., Class A \* | 41181 | 25412795 |
| Clean Harbors, Inc. \* | 94404 | 21482574 |
| Equifax, Inc.  | 231773 | 49221632 |
| Paycom Software, Inc.  | 93763 | 15111783 |
| Paylocity Holding Corp. \* | 82379 | 12136898 |
|  |  | **123365682** |
| **Consumer Discretionary Distribution & Retail 6.2%** | **Consumer Discretionary Distribution & Retail 6.2%** | **Consumer Discretionary Distribution & Retail 6.2%** |
| Amazon.com, Inc. \* | 11821483 | 2757006265 |
| AutoZone, Inc. \* | 31408 | 124197597 |
| Carvana Co. \* | 259264 | 97094368 |
| Coupang, Inc. \* | 2525134 | 71107774 |
| O'Reilly Automotive, Inc. \* | 1588827 | 161583706 |
| Pool Corp.  | 61494 | 14979938 |
| Ulta Beauty, Inc. \* | 85223 | 45920709 |
|  |  | **3271890357** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Consumer Durables & Apparel 0.2%** | **Consumer Durables & Apparel 0.2%** | **Consumer Durables & Apparel 0.2%** |
| Deckers Outdoor Corp. \* | 277945 | 24467498 |
| Lululemon Athletica, Inc. \* | 203142 | 37414693 |
| NVR, Inc. \* | 5447 | 40892209 |
| TopBuild Corp. \* | 53328 | 24130920 |
|  |  | **126905320** |
| **Consumer Services 2.0%** | **Consumer Services 2.0%** | **Consumer Services 2.0%** |
| Airbnb, Inc., Class A \* | 803231 | 93969995 |
| Booking Holdings, Inc.  | 60738 | 298508441 |
| Carnival Corp. \* | 2032697 | 52402929 |
| Cava Group, Inc. \* | 191096 | 9342683 |
| Churchill Downs, Inc.  | 122825 | 13398979 |
| Domino's Pizza, Inc.  | 58475 | 24537864 |
| DoorDash, Inc., Class A \* | 694348 | 137737813 |
| DraftKings, Inc., Class A \* | 929730 | 30829847 |
| Duolingo, Inc. \* | 74434 | 14247412 |
| Flutter Entertainment PLC \* | 330675 | 69048247 |
| Hilton Worldwide Holdings, Inc.  | 440447 | 125540608 |
| Marriott International, Inc., Class A  | 421863 | 128579624 |
| Texas Roadhouse, Inc.  | 124579 | 21832470 |
| Wingstop, Inc.  | 52763 | 13967949 |
|  |  | **1033944861** |
| **Consumer Staples Distribution & Retail 1.6%** | **Consumer Staples Distribution & Retail 1.6%** | **Consumer Staples Distribution & Retail 1.6%** |
| Casey's General Stores, Inc.  | 69582 | 39693748 |
| Costco Wholesale Corp.  | 830234 | 758493480 |
| Performance Food Group Co. \* | 293090 | 28450246 |
|  |  | **826637474** |
| **Energy 0.6%** | **Energy 0.6%** | **Energy 0.6%** |
| Baker Hughes Co.  | 1845058 | 92621912 |
| Phillips 66  | 756613 | 103625716 |
| Targa Resources Corp.  | 402851 | 70623809 |
| Texas Pacific Land Corp.  | 36383 | 31445463 |
|  |  | **298316900** |
| **Equity Real Estate Investment Trusts (REITs) 0.4%** | **Equity Real Estate Investment Trusts (REITs) 0.4%** | **Equity Real Estate Investment Trusts (REITs) 0.4%** |
| Equinix, Inc.  | 183161 | 137977013 |
| SBA Communications Corp.  | 201053 | 39058566 |
| Sun Communities, Inc.  | 220326 | 28386802 |
|  |  | **205422381** |
| **Financial Services 6.9%** | **Financial Services 6.9%** | **Financial Services 6.9%** |
| Affirm Holdings, Inc., Class A \* | 527711 | 37441095 |
| Apollo Global Management, Inc.  | 861263 | 113557527 |
| Blackrock, Inc.  | 269466 | 282211742 |
| Block, Inc. \* | 1028597 | 68710280 |
| Coinbase Global, Inc., Class A \* | 423733 | 115602837 |
| FactSet Research Systems, Inc.  | 70806 | 19632380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Interactive Brokers Group, Inc., <br> Class A <br>| 833346 | 54184157 |
| KKR & Co., Inc.  | 1284027 | 157049342 |
| LPL Financial Holdings, Inc.  | 149766 | 53322687 |
| Mastercard, Inc., Class A  | 1544626 | 850362952 |

---

**40**

------

Schwab U.S. Large-Cap Growth ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Moody's Corp.  | 288748 | 141711743 |
| MSCI, Inc.  | 144871 | 81666680 |
| Robinhood Markets, Inc., Class A \* | 1448570 | 186126759 |
| S&P Global, Inc.  | 584716 | 291673882 |
| SoFi Technologies, Inc. \* | 2241204 | 66608583 |
| Toast, Inc., Class A \* | 871627 | 29800927 |
| Tradeweb Markets, Inc., Class A  | 218083 | 23740515 |
| Visa, Inc., Class A  | 3179245 | 1063266698 |
|  |  | **3636670786** |
| **Food, Beverage & Tobacco 0.1%** | **Food, Beverage & Tobacco 0.1%** | **Food, Beverage & Tobacco 0.1%** |
| Celsius Holdings, Inc. \* | 295152 | 12083523 |
| Constellation Brands, Inc., Class A  | 267338 | 36459556 |
|  |  | **48543079** |
| **Health Care Equipment & Services 3.0%** | **Health Care Equipment & Services 3.0%** | **Health Care Equipment & Services 3.0%** |
| Chemed Corp.  | 26753 | 11749650 |
| Dexcom, Inc. \* | 734005 | 46587297 |
| Humana, Inc.  | 224940 | 55283504 |
| IDEXX Laboratories, Inc. \* | 149744 | 112739263 |
| Insulet Corp. \* | 131758 | 43109900 |
| Intuitive Surgical, Inc. \* | 670980 | 384793610 |
| McKesson Corp.  | 232721 | 205055128 |
| Penumbra, Inc. \* | 73035 | 21411671 |
| ResMed, Inc.  | 274082 | 70118398 |
| UnitedHealth Group, Inc.  | 1695257 | 559044901 |
| Veeva Systems, Inc., Class A \* | 281221 | 67574594 |
|  |  | **1577467916** |
| **Insurance 0.6%** | **Insurance 0.6%** | **Insurance 0.6%** |
| Kinsale Capital Group, Inc.  | 41453 | 15955260 |
| Markel Group, Inc. \* | 23673 | 49250256 |
| Progressive Corp.  | 1097150 | 251016948 |
|  |  | **316222464** |
| **Materials 1.3%** | **Materials 1.3%** | **Materials 1.3%** |
| Linde PLC  | 878056 | 360283938 |
| Martin Marietta Materials, Inc.  | 112868 | 70343852 |
| Sherwin-Williams Co.  | 433970 | 149151149 |
| Vulcan Materials Co.  | 247299 | 73507155 |
|  |  | **653286094** |
| **Media & Entertainment 14.3%** | **Media & Entertainment 14.3%** | **Media & Entertainment 14.3%** |
| Alphabet, Inc., Class A  | 7088798 | 2269691344 |
| Alphabet, Inc., Class C  | 5689803 | 1821419736 |
| Liberty Broadband Corp., Class C \* | 251765 | 11654202 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Formula <br> One, Class C \*<br>| 460095 | 44159918 |
| Live Nation Entertainment, Inc. \* | 299038 | 39308545 |
| Meta Platforms, Inc., Class A  | 2980370 | 1931130742 |
| Netflix, Inc. \* | 7956100 | 855917238 |
| Pinterest, Inc., Class A \* | 1122253 | 29313248 |
| Reddit, Inc., Class A \* | 234296 | 50718055 |
| Take-Two Interactive Software, Inc. \* | 326933 | 80448403 |
| TKO Group Holdings, Inc.  | 131559 | 25507975 |
| Trade Desk, Inc., Class A \* | 838331 | 33164374 |
| Walt Disney Co.  | 3366020 | 351648110 |
|  |  | **7544081890** |
| **Pharmaceuticals, Biotechnology & Life Sciences 6.2%** | **Pharmaceuticals, Biotechnology & Life Sciences 6.2%** | **Pharmaceuticals, Biotechnology & Life Sciences 6.2%** |
| Alnylam Pharmaceuticals, Inc. \* | 245458 | 110758013 |
| Danaher Corp.  | 1192922 | 270530851 |
| Eli Lilly & Co.  | 1488149 | 1600459605 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Exact Sciences Corp. \* | 355155 | 35973650 |
| Insmed, Inc. \* | 395637 | 82201500 |
| IQVIA Holdings, Inc. \* | 318219 | 73193552 |
| Medpace Holdings, Inc. \* | 41535 | 24607826 |
| Mettler-Toledo International, Inc. \* | 38556 | 56936416 |
| Moderna, Inc. \* | 648590 | 16850368 |
| Natera, Inc. \* | 256667 | 61294646 |
| Neurocrine Biosciences, Inc. \* | 185722 | 28259460 |
| Regeneron Pharmaceuticals, Inc.  | 190668 | 148757267 |
| Repligen Corp. \* | 99048 | 16939189 |
| Roivant Sciences Ltd. \* | 805788 | 16768448 |
| Tempus AI, Inc. \* | 183358 | 14289089 |
| Thermo Fisher Scientific, Inc.  | 706829 | 417615778 |
| Vertex Pharmaceuticals, Inc. \* | 479891 | 208085537 |
| Waters Corp. \* | 111408 | 44944216 |
| West Pharmaceutical Services, Inc.  | 134593 | 37315909 |
|  |  | **3265781320** |
| **Semiconductors & Semiconductor Equipment 18.1%** | **Semiconductors & Semiconductor Equipment 18.1%** | **Semiconductors & Semiconductor Equipment 18.1%** |
| Advanced Micro Devices, Inc. \* | 3039363 | 661152633 |
| Astera Labs, Inc. \* | 242825 | 38261935 |
| Broadcom, Inc.  | 7800795 | 3143408353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Credo Technology Group Holding <br> Ltd. \*<br>| 284565 | 50538744 |
| KLA Corp.  | 247491 | 290918246 |
| Monolithic Power Systems, Inc.  | 90368 | 83876867 |
| NVIDIA Corp.  | 29736753 | 5263405281 |
| Universal Display Corp.  | 81493 | 9691963 |
|  |  | **9541254022** |
| **Software & Services 17.1%** | **Software & Services 17.1%** | **Software & Services 17.1%** |
| Adobe, Inc. \* | 794180 | 254240843 |
| AppLovin Corp., Class A \* | 507578 | 304282859 |
| Atlassian Corp., Class A \* | 311114 | 46517765 |
| Autodesk, Inc. \* | 400583 | 121512847 |
| Cadence Design Systems, Inc. \* | 511804 | 159600959 |
| Circle Internet Group, Inc. \* | 98085 | 7839934 |
| Cloudflare, Inc., Class A \* | 587503 | 117623976 |
| Crowdstrike Holdings, Inc., Class A \* | 467596 | 238081179 |
| Datadog, Inc., Class A \* | 606622 | 97065586 |
| Docusign, Inc. \* | 378409 | 26242664 |
| Dynatrace, Inc. \* | 564671 | 25161740 |
| Elastic NV \* | 171248 | 12078121 |
| Fair Isaac Corp. \* | 45255 | 81722837 |
| Fortinet, Inc. \* | 1222350 | 99169256 |
| GoDaddy, Inc., Class A \* | 259239 | 33146299 |
| HubSpot, Inc. \* | 98262 | 36093598 |
| Intuit, Inc.  | 522993 | 331619401 |
| Microsoft Corp.  | 9057831 | 4456543430 |
| MongoDB, Inc. \* | 153377 | 50977914 |
| Okta, Inc. \* | 313058 | 25147949 |
| Palantir Technologies, Inc., Class A \* | 4259887 | 717577965 |
| Palo Alto Networks, Inc. \* | 1253617 | 238350200 |
| Procore Technologies, Inc. \* | 216610 | 16042137 |
| PTC, Inc. \* | 224285 | 39346318 |
| Roper Technologies, Inc.  | 202386 | 90308681 |
| Rubrik, Inc., Class A \* | 249487 | 17294439 |
| Salesforce, Inc.  | 1789403 | 412528968 |
| ServiceNow, Inc. \* | 389971 | 316816340 |
| Snowflake, Inc., Class A \* | 625825 | 157232273 |
| Strategy, Inc., Class A \* | 494738 | 87657679 |
| Synopsys, Inc. \* | 346921 | 145016447 |
| Tyler Technologies, Inc. \* | 82064 | 38538896 |
| Workday, Inc., Class A \* | 404282 | 87171285 |

---

**41**

------

Schwab U.S. Large-Cap Growth ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Zoom Communications, Inc., <br> Class A \*<br>| 487342 | 41404576 |
| Zscaler, Inc. \* | 188091 | 47304887 |
|  |  | **8977260248** |
| **Technology Hardware & Equipment 10.5%** | **Technology Hardware & Equipment 10.5%** | **Technology Hardware & Equipment 10.5%** |
| Apple, Inc.  | 18085806 | 5043227003 |
| Arista Networks, Inc. \* | 1935207 | 252892851 |
| Coherent Corp. \* | 294711 | 48409229 |
| Super Micro Computer, Inc. \* | 938942 | 31783187 |
| TE Connectivity PLC  | 553082 | 125079494 |
| Teledyne Technologies, Inc. \* | 88755 | 44334897 |
|  |  | **5545726661** |
| **Telecommunication Services 0.4%** | **Telecommunication Services 0.4%** | **Telecommunication Services 0.4%** |
| T-Mobile U.S., Inc.  | 908075 | **189796756** |
| **Transportation 0.7%** | **Transportation 0.7%** | **Transportation 0.7%** |
| American Airlines Group, Inc. \* | 1235866 | 17363917 |
| Saia, Inc. \* | 49840 | 14032951 |
| Uber Technologies, Inc. \* | 3903098 | 341677199 |
|  |  | **373074067** |
| **Utilities 0.5%** | **Utilities 0.5%** | **Utilities 0.5%** |
| Constellation Energy Corp.  | 585600 | 213369216 |
| Oklo, Inc. \* | 218393 | 19956752 |
| Talen Energy Corp. \* | 85533 | 33723096 |
|  |  | **267049064** |
| **Total Common Stocks**<br> **(Cost $29,277,848,701)** | **Total Common Stocks**<br> **(Cost $29,277,848,701)** | **52550105315** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS |
| **Money Market Funds 0.1%** | **Money Market Funds 0.1%** | **Money Market Funds 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(a)*<br>| 40777050 | **40777050** |
| **Total Short-Term Investments**<br> **(Cost $40,777,050)** | **Total Short-Term Investments**<br> **(Cost $40,777,050)** | **40777050** |
| **Total Investments in Securities**<br> **(Cost $29,318,625,751)** | **Total Investments in Securities**<br> **(Cost $29,318,625,751)** | **52590882365** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; NASDAQ 100 Index, e-mini, <br> expires 12/19/25<br>| 110 | 56060400 | 471935 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 500 Index, e-mini, expires <br> 12/19/25<br>| 8 | 2743800 | 22967 |
|  |  |  | **494902** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security. <br> *(a)* The rate shown is the annualized 7-day yield.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

The following is a summary of the inputs used to value the fund's investments as of November 30, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $52550105315 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $52550105315 |
| Short-Term Investments<sup>1</sup> <br>| 40777050 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 40777050 |
| Futures Contracts<sup>2</sup> <br>| 494902 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 494902 |
| **Total** | **$52591377267** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$52591377267** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**42**

------

Schwab Strategic Trust

Schwab U.S. Large-Cap Value ETF

------

**Portfolio Holdings** as of November 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.7% OF NET ASSETS | **COMMON STOCKS** 99.7% OF NET ASSETS | **COMMON STOCKS** 99.7% OF NET ASSETS |
| **Automobiles & Components 0.6%** | **Automobiles & Components 0.6%** | **Automobiles & Components 0.6%** |
| Aptiv PLC \* | 112347 | 8712510 |
| Autoliv, Inc.  | 36362 | 4290352 |
| BorgWarner, Inc.  | 111627 | 4806659 |
| Ford Motor Co.  | 2016438 | 26778297 |
| General Motors Co.  | 491808 | 36157724 |
| Rivian Automotive, Inc., Class A \* | 412135 | 6948596 |
|  |  | **87694138** |
| **Banks 7.8%** | **Banks 7.8%** | **Banks 7.8%** |
| Bank of America Corp.  | 3517549 | 188716504 |
| BOK Financial Corp.  | 11474 | 1292202 |
| Citigroup, Inc.  | 950367 | 98458021 |
| Citizens Financial Group, Inc.  | 222684 | 12047204 |
| Comerica, Inc.  | 66215 | 5322362 |
| Commerce Bancshares, Inc.  | 63909 | 3445334 |
| Cullen/Frost Bankers, Inc.  | 33135 | 4099462 |
| East West Bancorp, Inc.  | 71094 | 7585730 |
| Fifth Third Bancorp  | 341824 | 14855671 |
| First Horizon Corp.  | 261928 | 5851472 |
| Huntington Bancshares, Inc.  | 809912 | 13201566 |
| JPMorgan Chase & Co.  | 1419389 | 444382308 |
| KeyCorp  | 480858 | 8838170 |
| M&T Bank Corp.  | 80674 | 15345808 |
| PNC Financial Services Group, Inc.  | 203271 | 38767845 |
| Regions Financial Corp.  | 461027 | 11733137 |
| Truist Financial Corp.  | 665565 | 30948772 |
| U.S. Bancorp  | 803360 | 39404808 |
| Webster Financial Corp.  | 85577 | 5100389 |
| Wells Fargo & Co.  | 1653598 | 141961388 |
| Western Alliance Bancorp  | 53320 | 4347180 |
| Zions Bancorp NA  | 76020 | 4046545 |
|  |  | **1099751878** |
| **Capital Goods 9.9%** | **Capital Goods 9.9%** | **Capital Goods 9.9%** |
| 3M Co.  | 275131 | 47336289 |
| A.O. Smith Corp.  | 58949 | 3889455 |
| Acuity, Inc.  | 15580 | 5708824 |
| AECOM  | 68383 | 7052339 |
| AeroVironment, Inc. \* | 16335 | 4564979 |
| AGCO Corp.  | 31929 | 3383197 |
| Allegion PLC  | 44272 | 7350480 |
| AMETEK, Inc.  | 119106 | 23569886 |
| API Group Corp. \* | 191235 | 7565257 |
| Bloom Energy Corp., Class A \* | 111100 | 12136564 |
| Boeing Co. \* | 390294 | 73765566 |
| BWX Technologies, Inc.  | 47085 | 8422565 |
| Carrier Global Corp.  | 412653 | 22646397 |
| Caterpillar, Inc.  | 241815 | 139227404 |
| CNH Industrial NV  | 459217 | 4330416 |
| Crane Co.  | 25176 | 4613502 |
| Cummins, Inc.  | 71124 | 35418329 |
| Deere & Co.  | 130070 | 60416214 |
| Donaldson Co., Inc.  | 60119 | 5404698 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Dover Corp.  | 70786 | 13115230 |
| Eaton Corp. PLC  | 201047 | 69540147 |
| Emerson Electric Co.  | 290500 | 38746890 |
| Fastenal Co.  | 591918 | 23913487 |
| Ferguson Enterprises, Inc.  | 101905 | 25646431 |
| Fortive Corp.  | 174648 | 9340175 |
| Fortune Brands Innovations, Inc.  | 61880 | 3194864 |
| General Dynamics Corp.  | 130389 | 44544794 |
| Graco, Inc.  | 85584 | 7055545 |
| Honeywell International, Inc.  | 327720 | 62984507 |
| Howmet Aerospace, Inc.  | 207962 | 42546946 |
| Hubbell, Inc.  | 27334 | 11792708 |
| Huntington Ingalls Industries, Inc.  | 20253 | 6351746 |
| IDEX Corp.  | 38860 | 6758920 |
| Illinois Tool Works, Inc.  | 136956 | 34140392 |
| Ingersoll Rand, Inc.  | 186769 | 15005021 |
| ITT, Inc.  | 40238 | 7410230 |
| Johnson Controls International PLC  | 337778 | 39286959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc. \*<br>| 87172 | 6633789 |
| L3Harris Technologies, Inc.  | 96690 | 26946536 |
| Leonardo DRS, Inc.  | 39840 | 1361333 |
| Lincoln Electric Holdings, Inc.  | 28371 | 6792869 |
| Lockheed Martin Corp.  | 106097 | 48577572 |
| Masco Corp.  | 108087 | 7011604 |
| Middleby Corp. \* | 23996 | 2836327 |
| Nordson Corp.  | 27594 | 6557990 |
| Northrop Grumman Corp.  | 69431 | 39731890 |
| nVent Electric PLC  | 83052 | 8908988 |
| Otis Worldwide Corp.  | 202598 | 18000832 |
| Owens Corning  | 43105 | 4881210 |
| PACCAR, Inc.  | 270765 | 28544046 |
| Pentair PLC  | 84549 | 8897937 |
| QXO, Inc. \* | 250421 | 4690385 |
| Regal Rexnord Corp.  | 34185 | 4990668 |
| Rockwell Automation, Inc.  | 58013 | 22965026 |
| RTX Corp.  | 690937 | 120851791 |
| Snap-on, Inc.  | 26838 | 9126262 |
| StandardAero, Inc. \* | 72491 | 1893465 |
| Stanley Black & Decker, Inc.  | 79865 | 5711945 |
| Textron, Inc.  | 91972 | 7648391 |
| Toro Co.  | 50892 | 3549208 |
| Trex Co., Inc. \* | 55219 | 1931561 |
| Watsco, Inc.  | 17910 | 6204024 |
| WESCO International, Inc.  | 25039 | 6695679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp. <br>| 88243 | 18403078 |
| Woodward, Inc.  | 30940 | 9282928 |
| Xylem, Inc.  | 125640 | 17673779 |
|  |  | **1395478466** |
| **Commercial & Professional Services 2.2%** | **Commercial & Professional Services 2.2%** | **Commercial & Professional Services 2.2%** |
| Automatic Data Processing, Inc.  | 209049 | 53370210 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp., <br> Class A <br>| 63566 | 5305218 |
| Broadridge Financial Solutions, Inc.  | 60514 | 13802638 |
| Cintas Corp.  | 176845 | 32896707 |
| Copart, Inc. \* | 459130 | 17896887 |
| Dayforce, Inc. \* | 82358 | 5690938 |
| Genpact Ltd.  | 83665 | 3686280 |

---

**43**

------

Schwab U.S. Large-Cap Value ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Jacobs Solutions, Inc.  | 61691 | 8316564 |
| KBR, Inc.  | 66374 | 2735936 |
| Leidos Holdings, Inc.  | 66145 | 12640310 |
| Parsons Corp. \* | 27454 | 2324805 |
| Paychex, Inc.  | 167252 | 18680376 |
| RB Global, Inc.  | 95878 | 9415220 |
| Republic Services, Inc.  | 104581 | 22700352 |
| Rollins, Inc.  | 151384 | 9307088 |
| SS&C Technologies Holdings, Inc.  | 108429 | 9318388 |
| Tetra Tech, Inc.  | 135656 | 4712689 |
| TransUnion  | 100546 | 8551437 |
| Veralto Corp.  | 128186 | 12974987 |
| Verisk Analytics, Inc.  | 72113 | 16230473 |
| Waste Management, Inc.  | 191303 | 41679185 |
|  |  | **312236688** |
| **Consumer Discretionary Distribution & Retail 3.4%** | **Consumer Discretionary Distribution & Retail 3.4%** | **Consumer Discretionary Distribution & Retail 3.4%** |
| Bath & Body Works, Inc.  | 109164 | 1900545 |
| Best Buy Co., Inc.  | 101377 | 8037169 |
| Burlington Stores, Inc. \* | 32119 | 8101375 |
| CarMax, Inc. \* | 77468 | 2994913 |
| Dick's Sporting Goods, Inc.  | 34424 | 7110966 |
| eBay, Inc.  | 235706 | 19514100 |
| Etsy, Inc. \* | 51131 | 2772323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Floor & Decor Holdings, Inc., <br> Class A \*<br>| 55478 | 3529510 |
| GameStop Corp., Class A \* | 212493 | 4787467 |
| Genuine Parts Co.  | 71749 | 9356070 |
| Home Depot, Inc.  | 513550 | 183296266 |
| Lithia Motors, Inc.  | 13174 | 4200398 |
| LKQ Corp.  | 132691 | 3939596 |
| Lowe's Cos., Inc.  | 289374 | 70167407 |
| Murphy USA, Inc.  | 9125 | 3513764 |
| Penske Automotive Group, Inc.  | 9553 | 1544911 |
| Ross Stores, Inc.  | 169022 | 29808720 |
| TJX Cos., Inc.  | 575873 | 87486626 |
| Tractor Supply Co.  | 273684 | 14992410 |
| Williams-Sonoma, Inc.  | 63440 | 11419834 |
|  |  | **478474370** |
| **Consumer Durables & Apparel 1.1%** | **Consumer Durables & Apparel 1.1%** | **Consumer Durables & Apparel 1.1%** |
| DR Horton, Inc.  | 142946 | 22729843 |
| Garmin Ltd.  | 84334 | 16472117 |
| Hasbro, Inc.  | 68775 | 5680815 |
| Lennar Corp., Class A  | 118044 | 15499177 |
| Mohawk Industries, Inc. \* | 26815 | 3107859 |
| NIKE, Inc., Class B  | 613839 | 39672415 |
| PulteGroup, Inc.  | 101853 | 12954683 |
| Ralph Lauren Corp.  | 19962 | 7332641 |
| Somnigroup International, Inc.  | 108314 | 9912897 |
| Tapestry, Inc.  | 107456 | 11742792 |
| Toll Brothers, Inc.  | 50639 | 7080851 |
|  |  | **152186090** |
| **Consumer Services 2.2%** | **Consumer Services 2.2%** | **Consumer Services 2.2%** |
| ADT, Inc.  | 264862 | 2185111 |
| Aramark  | 135701 | 5044006 |
| Chipotle Mexican Grill, Inc. \* | 691380 | 23866438 |
| Darden Restaurants, Inc.  | 60399 | 10846452 |
| Expedia Group, Inc.  | 60998 | 15596579 |
| Las Vegas Sands Corp.  | 159424 | 10866340 |
| McDonald's Corp.  | 368339 | 114855467 |
| MGM Resorts International \* | 105270 | 3714978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings <br> Ltd. \*<br>| 233271 | 4306183 |
| Royal Caribbean Cruises Ltd.  | 130315 | 34696369 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Service Corp. International  | 72371 | 5748429 |
| Starbucks Corp.  | 587145 | 51146201 |
| Wyndham Hotels & Resorts, Inc.  | 39401 | 2884153 |
| Wynn Resorts Ltd.  | 43522 | 5600411 |
| Yum! Brands, Inc.  | 143216 | 21942123 |
|  |  | **313299240** |
| **Consumer Staples Distribution & Retail 2.6%** | **Consumer Staples Distribution & Retail 2.6%** | **Consumer Staples Distribution & Retail 2.6%** |
| Albertsons Cos., Inc., Class A  | 208012 | 3812860 |
| BJ's Wholesale Club Holdings, Inc. \* | 68179 | 6083612 |
| Dollar General Corp.  | 113540 | 12431495 |
| Dollar Tree, Inc. \* | 100185 | 11101500 |
| Kroger Co.  | 313767 | 21110244 |
| Maplebear, Inc. \* | 95105 | 3995361 |
| Sprouts Farmers Market, Inc. \* | 50440 | 4227376 |
| Sysco Corp.  | 246433 | 18778195 |
| Target Corp.  | 234386 | 21240059 |
| U.S. Foods Holding Corp. \* | 116269 | 9146882 |
| Walmart, Inc.  | 2265694 | 250381844 |
|  |  | **362309428** |
| **Energy 5.9%** | **Energy 5.9%** | **Energy 5.9%** |
| Antero Resources Corp. \* | 151503 | 5519254 |
| APA Corp.  | 184716 | 4612359 |
| Cheniere Energy, Inc.  | 113559 | 23672509 |
| Chevron Corp.  | 993441 | 150138738 |
| ConocoPhillips  | 644681 | 57176758 |
| Coterra Energy, Inc.  | 394189 | 10580033 |
| Devon Energy Corp.  | 327737 | 12145933 |
| Diamondback Energy, Inc.  | 97152 | 14824424 |
| DT Midstream, Inc.  | 52435 | 6368755 |
| EOG Resources, Inc.  | 282052 | 30419308 |
| EQT Corp.  | 322220 | 19610309 |
| Expand Energy Corp.  | 122848 | 14978857 |
| Exxon Mobil Corp.  | 2200655 | 255099928 |
| Halliburton Co.  | 439988 | 11536485 |
| HF Sinclair Corp.  | 82007 | 4338990 |
| Kinder Morgan, Inc.  | 1008195 | 27543887 |
| Marathon Petroleum Corp.  | 157042 | 30423747 |
| Occidental Petroleum Corp.  | 371236 | 15591912 |
| ONEOK, Inc.  | 324629 | 23639484 |
| Ovintiv, Inc.  | 132649 | 5433303 |
| Permian Resources Corp.  | 359597 | 5210561 |
| Range Resources Corp.  | 122958 | 4855611 |
| SLB Ltd.  | 769420 | 27883781 |
| TechnipFMC PLC  | 212266 | 9607159 |
| Valero Energy Corp.  | 160329 | 28339754 |
| Williams Cos., Inc.  | 630363 | 38408018 |
|  |  | **837959857** |
| **Equity Real Estate Investment Trusts (REITs) 3.8%** | **Equity Real Estate Investment Trusts (REITs) 3.8%** | **Equity Real Estate Investment Trusts (REITs) 3.8%** |
| Alexandria Real Estate Equities, Inc.  | 80302 | 4309808 |
| American Homes 4 Rent, Class A  | 168144 | 5400785 |
| American Tower Corp.  | 241566 | 43788669 |
| AvalonBay Communities, Inc.  | 73379 | 13350575 |
| BXP, Inc.  | 75895 | 5491762 |
| Camden Property Trust  | 55032 | 5852103 |
| Crown Castle, Inc.  | 224629 | 20504135 |
| CubeSmart  | 117533 | 4375754 |
| Digital Realty Trust, Inc.  | 165686 | 26529642 |
| EastGroup Properties, Inc.  | 27343 | 4954005 |
| Equity LifeStyle Properties, Inc.  | 99997 | 6286811 |
| Equity Residential  | 179448 | 11080914 |
| Essex Property Trust, Inc.  | 33199 | 8751920 |
| Extra Space Storage, Inc.  | 109477 | 14579052 |
| Federal Realty Investment Trust  | 40432 | 3991851 |

---

**44**

------

Schwab U.S. Large-Cap Value ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Gaming & Leisure Properties, Inc.  | 146113 | 6360299 |
| Healthpeak Properties, Inc.  | 358612 | 6548255 |
| Host Hotels & Resorts, Inc.  | 329844 | 5815150 |
| Invitation Homes, Inc.  | 291214 | 8212235 |
| Iron Mountain, Inc.  | 152434 | 13162676 |
| Kimco Realty Corp.  | 349152 | 7213480 |
| Lamar Advertising Co., Class A  | 44668 | 5913597 |
| Lineage, Inc.  | 29533 | 1057872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment <br> Communities, Inc. <br>| 60442 | 8213463 |
| Millrose Properties, Inc.  | 4190 | 127628 |
| NNN REIT, Inc.  | 97398 | 4027407 |
| Omega Healthcare Investors, Inc.  | 152223 | 6990080 |
| Prologis, Inc.  | 479062 | 61573839 |
| Public Storage  | 81634 | 22411798 |
| Realty Income Corp.  | 472624 | 27227869 |
| Regency Centers Corp.  | 84259 | 5995871 |
| Rexford Industrial Realty, Inc.  | 121697 | 5063812 |
| Simon Property Group, Inc.  | 168610 | 31415415 |
| UDR, Inc.  | 155554 | 5665277 |
| Ventas, Inc.  | 234587 | 18914750 |
| VICI Properties, Inc.  | 550765 | 15873047 |
| Welltower, Inc.  | 345240 | 71885873 |
| Weyerhaeuser Co.  | 372603 | 8275513 |
| WP Carey, Inc.  | 112966 | 7610520 |
|  |  | **534803512** |
| **Financial Services 10.7%** | **Financial Services 10.7%** | **Financial Services 10.7%** |
| AGNC Investment Corp.  | 537469 | 5638050 |
| Ally Financial, Inc.  | 144635 | 5973425 |
| American Express Co.  | 280173 | 102338792 |
| Ameriprise Financial, Inc.  | 48626 | 22160813 |
| Annaly Capital Management, Inc.  | 331561 | 7559591 |
| ARES Management Corp., Class A  | 105964 | 16620453 |
| Bank of New York Mellon Corp.  | 364038 | 40808660 |
| Berkshire Hathaway, Inc., Class B \* | 946562 | 486353021 |
| Blackstone, Inc.  | 380454 | 55706075 |
| Blue Owl Capital, Inc.  | 319282 | 4789230 |
| Capital One Financial Corp.  | 330135 | 72322674 |
| Carlyle Group, Inc.  | 134682 | 7344209 |
| Cboe Global Markets, Inc.  | 53971 | 13933693 |
| Charles Schwab Corp. *(a)* | 878237 | 81438917 |
| CME Group, Inc.  | 186074 | 52372388 |
| Corebridge Financial, Inc.  | 144232 | 4329845 |
| Corpay, Inc. \* | 36361 | 10755584 |
| Equitable Holdings, Inc.  | 154746 | 7225091 |
| Evercore, Inc., Class A  | 19919 | 6375474 |
| &nbsp;&nbsp;&nbsp;&nbsp; Fidelity National Information <br> Services, Inc. <br>| 269730 | 17740142 |
| Fiserv, Inc. \* | 280116 | 17218730 |
| Franklin Resources, Inc.  | 158184 | 3573377 |
| Global Payments, Inc.  | 125293 | 9492198 |
| Goldman Sachs Group, Inc.  | 156250 | 129068750 |
| Houlihan Lokey, Inc.  | 27964 | 4904886 |
| Intercontinental Exchange, Inc.  | 295446 | 46473656 |
| Invesco Ltd.  | 230351 | 5632082 |
| Jack Henry & Associates, Inc.  | 37468 | 6537417 |
| Jefferies Financial Group, Inc.  | 85104 | 4898586 |
| MarketAxess Holdings, Inc.  | 19301 | 3163241 |
| Morgan Stanley  | 626236 | 106247200 |
| Morningstar, Inc.  | 12572 | 2701220 |
| Nasdaq, Inc.  | 233882 | 21264551 |
| Northern Trust Corp.  | 98780 | 12973765 |
| PayPal Holdings, Inc.  | 493389 | 30930556 |
| Raymond James Financial, Inc.  | 91626 | 14343134 |
| SEI Investments Co.  | 48613 | 3930847 |
| Starwood Property Trust, Inc.  | 177726 | 3259495 |
| State Street Corp.  | 146481 | 17434169 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Stifel Financial Corp.  | 52704 | 6429888 |
| Synchrony Financial  | 192183 | 14867277 |
| T. Rowe Price Group, Inc.  | 113421 | 11612042 |
| Voya Financial, Inc.  | 49761 | 3498198 |
|  |  | **1502241392** |
| **Food, Beverage & Tobacco 4.5%** | **Food, Beverage & Tobacco 4.5%** | **Food, Beverage & Tobacco 4.5%** |
| Altria Group, Inc.  | 867325 | 51180848 |
| Archer-Daniels-Midland Co.  | 247753 | 15048517 |
| Brown-Forman Corp., Class B  | 120122 | 3481136 |
| Bunge Global SA  | 72268 | 6942787 |
| Campbell's Co.  | 101393 | 3090459 |
| Coca-Cola Co.  | 1999369 | 146193861 |
| Coca-Cola Consolidated, Inc.  | 30918 | 5038088 |
| Conagra Brands, Inc.  | 247098 | 4410699 |
| General Mills, Inc.  | 276058 | 13071346 |
| Hershey Co.  | 76387 | 14366867 |
| Hormel Foods Corp.  | 150423 | 3491318 |
| J.M. Smucker Co.  | 54974 | 5727191 |
| Kellanova  | 138767 | 11606472 |
| Keurig Dr. Pepper, Inc.  | 701181 | 19562950 |
| Kraft Heinz Co.  | 440139 | 11227946 |
| Lamb Weston Holdings, Inc.  | 71867 | 4244465 |
| &nbsp;&nbsp;&nbsp;&nbsp; McCormick & Co., Inc. - Non Voting <br> Shares <br>| 130559 | 8810121 |
| Molson Coors Beverage Co., Class B  | 87424 | 4066090 |
| Mondelez International, Inc., Class A  | 667895 | 38450715 |
| Monster Beverage Corp. \* | 368562 | 27638465 |
| PepsiCo, Inc.  | 706709 | 105115897 |
| Philip Morris International, Inc.  | 803500 | 126535180 |
| Pilgrim's Pride Corp.  | 21754 | 827522 |
| Primo Brands Corp.  | 130951 | 2054621 |
| Tyson Foods, Inc., Class A  | 147487 | 8561621 |
|  |  | **640745182** |
| **Health Care Equipment & Services 5.4%** | **Health Care Equipment & Services 5.4%** | **Health Care Equipment & Services 5.4%** |
| Abbott Laboratories  | 898415 | 115805694 |
| Align Technology, Inc. \* | 34718 | 5110142 |
| Baxter International, Inc.  | 265054 | 4967112 |
| Becton Dickinson & Co.  | 148100 | 28734362 |
| Boston Scientific Corp. \* | 765183 | 77727289 |
| Cardinal Health, Inc.  | 123107 | 26130692 |
| Cencora, Inc.  | 100083 | 36923621 |
| Centene Corp. \* | 240829 | 9474213 |
| Cigna Group  | 137772 | 38201420 |
| Cooper Cos., Inc. \* | 102899 | 8018919 |
| CVS Health Corp.  | 655078 | 52642068 |
| DaVita, Inc. \* | 18332 | 2193974 |
| Edwards Lifesciences Corp. \* | 302818 | 26245236 |
| Elevance Health, Inc.  | 116230 | 39315960 |
| Encompass Health Corp.  | 51966 | 6039489 |
| GE HealthCare Technologies, Inc.  | 235677 | 18851803 |
| HCA Healthcare, Inc.  | 84455 | 42927632 |
| Henry Schein, Inc. \* | 53127 | 3961680 |
| Hologic, Inc. \* | 114903 | 8614278 |
| Labcorp Holdings, Inc.  | 42851 | 11517492 |
| Masimo Corp. \* | 23786 | 3387840 |
| Medtronic PLC  | 661375 | 69662629 |
| Molina Healthcare, Inc. \* | 27862 | 4130820 |
| Quest Diagnostics, Inc.  | 57789 | 10932523 |
| Solventum Corp. \* | 75980 | 6478055 |
| STERIS PLC  | 50844 | 13538740 |
| Stryker Corp.  | 177681 | 65951634 |
| Tenet Healthcare Corp. \* | 45516 | 9869689 |

---

**45**

------

Schwab U.S. Large-Cap Value ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Health Services, Inc., <br> Class B <br>| 29109 | 7091826 |
| Zimmer Biomet Holdings, Inc.  | 102216 | 9968104 |
|  |  | **764414936** |
| **Household & Personal Products 2.0%** | **Household & Personal Products 2.0%** | **Household & Personal Products 2.0%** |
| Church & Dwight Co., Inc.  | 125774 | 10710914 |
| Clorox Co.  | 63073 | 6808100 |
| Colgate-Palmolive Co.  | 417419 | 33556313 |
| Estee Lauder Cos., Inc., Class A  | 126792 | 11927323 |
| Kenvue, Inc.  | 991243 | 17198066 |
| Kimberly-Clark Corp.  | 171115 | 18672069 |
| Procter & Gamble Co.  | 1209100 | 179140256 |
|  |  | **278013041** |
| **Insurance 3.5%** | **Insurance 3.5%** | **Insurance 3.5%** |
| Aflac, Inc.  | 248218 | 27380928 |
| Allstate Corp.  | 136012 | 28967836 |
| American Financial Group, Inc.  | 35643 | 4908754 |
| American International Group, Inc.  | 285740 | 21761958 |
| Aon PLC, Class A  | 111234 | 39367937 |
| Arch Capital Group Ltd. \* | 191944 | 18027380 |
| Arthur J Gallagher & Co.  | 132246 | 32746755 |
| Assurant, Inc.  | 25968 | 5924859 |
| Brown & Brown, Inc.  | 151264 | 12166164 |
| Chubb Ltd.  | 191488 | 56714916 |
| Cincinnati Financial Corp.  | 80721 | 13528032 |
| CNA Financial Corp.  | 11531 | 539074 |
| Erie Indemnity Co., Class A  | 13073 | 3862941 |
| Everest Group Ltd.  | 21616 | 6793693 |
| Fidelity National Financial, Inc.  | 131799 | 7832815 |
| Globe Life, Inc.  | 41799 | 5631579 |
| Hartford Insurance Group, Inc.  | 145161 | 19891412 |
| Loews Corp.  | 87843 | 9475624 |
| Marsh & McLennan Cos., Inc.  | 253751 | 46550621 |
| MetLife, Inc.  | 288197 | 22064362 |
| Old Republic International Corp.  | 117952 | 5437587 |
| Principal Financial Group, Inc.  | 104566 | 8869288 |
| Prudential Financial, Inc.  | 181731 | 19672381 |
| Reinsurance Group of America, Inc.  | 34044 | 6463934 |
| RenaissanceRe Holdings Ltd.  | 24238 | 6330238 |
| Travelers Cos., Inc.  | 116274 | 34052004 |
| Unum Group  | 80883 | 6144682 |
| W.R. Berkley Corp.  | 154799 | 12026334 |
| Willis Towers Watson PLC  | 50359 | 16165239 |
|  |  | **499299327** |
| **Materials 3.1%** | **Materials 3.1%** | **Materials 3.1%** |
| Air Products & Chemicals, Inc.  | 114996 | 30019706 |
| Albemarle Corp.  | 60705 | 7891043 |
| Alcoa Corp.  | 133688 | 5580137 |
| Amcor PLC  | 1190650 | 10144338 |
| Amrize Ltd. \* | 265594 | 13680747 |
| AptarGroup, Inc.  | 33888 | 4227528 |
| Avery Dennison Corp.  | 40368 | 6958232 |
| Axalta Coating Systems Ltd. \* | 111528 | 3360339 |
| Ball Corp.  | 140349 | 6951486 |
| CF Industries Holdings, Inc.  | 83563 | 6576408 |
| Corteva, Inc.  | 350342 | 23637575 |
| CRH PLC  | 346777 | 41599369 |
| Crown Holdings, Inc.  | 59361 | 5747926 |
| Dow, Inc.  | 365938 | 8727621 |
| DuPont de Nemours, Inc.  | 215304 | 8562640 |
| Eastman Chemical Co.  | 59231 | 3677060 |
| Ecolab, Inc.  | 131737 | 36248753 |
| Freeport-McMoRan, Inc.  | 741769 | 31881232 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; International Flavors & Fragrances, <br> Inc. <br>| 132184 | 9184144 |
| International Paper Co.  | 272498 | 10758221 |
| LyondellBasell Industries NV, Class A  | 132709 | 6501414 |
| Mosaic Co.  | 163896 | 4013813 |
| MP Materials Corp. \* | 69487 | 4304720 |
| Newmont Corp.  | 567365 | 51477026 |
| Nucor Corp.  | 118457 | 18892707 |
| Packaging Corp. of America  | 46012 | 9389669 |
| PPG Industries, Inc.  | 116534 | 11658061 |
| Reliance, Inc.  | 27048 | 7555047 |
| Royal Gold, Inc.  | 41568 | 8473221 |
| RPM International, Inc.  | 66139 | 7093408 |
| Smurfit WestRock PLC  | 270114 | 9640369 |
| Solstice Advanced Materials, Inc. \* | 81773 | 3898937 |
| Steel Dynamics, Inc.  | 71379 | 11979537 |
| Westlake Corp.  | 17116 | 1143520 |
|  |  | **431435954** |
| **Media & Entertainment 1.4%** | **Media & Entertainment 1.4%** | **Media & Entertainment 1.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Charter Communications, Inc., <br> Class A \*<br>| 48032 | 9612164 |
| Comcast Corp., Class A  | 1901254 | 50744469 |
| Electronic Arts, Inc.  | 116155 | 23466795 |
| Fox Corp., Class A  | 177998 | 11658869 |
| Match Group, Inc.  | 124245 | 4138601 |
| News Corp., Class A  | 266809 | 6851655 |
| Omnicom Group, Inc.  | 164911 | 11810926 |
| Paramount Skydance Corp., Class B  | 159276 | 2551601 |
| ROBLOX Corp., Class A \* | 332809 | 31626839 |
| Roku, Inc. \* | 67234 | 6507579 |
| Sirius XM Holdings, Inc.  | 97265 | 2067854 |
| Snap, Inc., Class A \* | 570975 | 4385088 |
| Warner Bros Discovery, Inc. \* | 1277929 | 30670296 |
|  |  | **196092736** |
| **Pharmaceuticals, Biotechnology & Life Sciences 7.5%** | **Pharmaceuticals, Biotechnology & Life Sciences 7.5%** | **Pharmaceuticals, Biotechnology & Life Sciences 7.5%** |
| AbbVie, Inc.  | 911873 | 207633482 |
| Agilent Technologies, Inc.  | 146556 | 22496346 |
| Amgen, Inc.  | 277897 | 96002298 |
| Avantor, Inc. \* | 351843 | 4127118 |
| Biogen, Inc. \* | 75547 | 13756353 |
| BioMarin Pharmaceutical, Inc. \* | 99108 | 5543110 |
| Bio-Rad Laboratories, Inc., Class A \* | 9493 | 3083896 |
| Bio-Techne Corp.  | 80855 | 5215956 |
| Bristol-Myers Squibb Co.  | 1049998 | 51659902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories <br> International, Inc. \*<br>| 25316 | 4509792 |
| Elanco Animal Health, Inc. \* | 256450 | 5967591 |
| Exelixis, Inc. \* | 138989 | 6139144 |
| Gilead Sciences, Inc.  | 640771 | 80634623 |
| Illumina, Inc. \* | 79351 | 10430689 |
| Incyte Corp. \* | 84618 | 8839196 |
| Jazz Pharmaceuticals PLC \* | 31265 | 5519210 |
| Johnson & Johnson  | 1243168 | 257236323 |
| Merck & Co., Inc.  | 1289342 | 135161722 |
| Pfizer, Inc.  | 2934847 | 75542962 |
| Revvity, Inc.  | 59890 | 6253115 |
| Royalty Pharma PLC, Class A  | 196486 | 7863370 |
| Summit Therapeutics, Inc. \**(b)* | 76718 | 1372485 |
| United Therapeutics Corp. \* | 23288 | 11317968 |
| Viatris, Inc.  | 601895 | 6434258 |
| Zoetis, Inc.  | 228893 | 29339505 |
|  |  | **1062080414** |

---

**46**

------

Schwab U.S. Large-Cap Value ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Real Estate Management & Development 0.4%** | **Real Estate Management & Development 0.4%** | **Real Estate Management & Development 0.4%** |
| CBRE Group, Inc., Class A \* | 151539 | 24523556 |
| CoStar Group, Inc. \* | 218819 | 15054747 |
| Jones Lang LaSalle, Inc. \* | 24377 | 7939345 |
| Zillow Group, Inc., Class C \* | 115197 | 8568353 |
|  |  | **56086001** |
| **Semiconductors & Semiconductor Equipment 5.8%** | **Semiconductors & Semiconductor Equipment 5.8%** | **Semiconductors & Semiconductor Equipment 5.8%** |
| Analog Devices, Inc.  | 256132 | 67962065 |
| Applied Materials, Inc.  | 414233 | 104490274 |
| Entegris, Inc.  | 78256 | 6036668 |
| First Solar, Inc. \* | 55283 | 15087836 |
| Intel Corp. \* | 2259399 | 91641223 |
| Lam Research Corp.  | 653305 | 101915580 |
| Lattice Semiconductor Corp. \* | 70656 | 4960758 |
| Marvell Technology, Inc.  | 445042 | 39786755 |
| Microchip Technology, Inc.  | 278839 | 14940194 |
| Micron Technology, Inc.  | 577670 | 136607402 |
| NXP Semiconductors NV  | 130250 | 25390935 |
| ON Semiconductor Corp. \* | 211151 | 10608226 |
| Qnity Electronics, Inc.  | 108058 | 8762423 |
| Qorvo, Inc. \* | 43471 | 3733724 |
| QUALCOMM, Inc.  | 556773 | 93587973 |
| Skyworks Solutions, Inc.  | 76662 | 5055859 |
| Teradyne, Inc.  | 82058 | 14925530 |
| Texas Instruments, Inc.  | 469288 | 78967092 |
|  |  | **824460517** |
| **Software & Services 3.6%** | **Software & Services 3.6%** | **Software & Services 3.6%** |
| Accenture PLC, Class A  | 321499 | 80374750 |
| Akamai Technologies, Inc. \* | 73915 | 6616871 |
| Bentley Systems, Inc., Class B  | 76854 | 3224794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cognizant Technology Solutions <br> Corp., Class A <br>| 252123 | 19592478 |
| CoreWeave, Inc., Class A \* | 112813 | 8248887 |
| EPAM Systems, Inc. \* | 28752 | 5376624 |
| Gartner, Inc. \* | 39098 | 9099668 |
| Gen Digital, Inc.  | 289376 | 7630845 |
| Guidewire Software, Inc. \* | 43422 | 9378283 |
| &nbsp;&nbsp;&nbsp;&nbsp; International Business Machines <br> Corp. <br>| 480834 | 148375756 |
| Manhattan Associates, Inc. \* | 31189 | 5503299 |
| Nutanix, Inc., Class A \* | 138347 | 6612987 |
| Oracle Corp.  | 855425 | 172753079 |
| SailPoint, Inc. \* | 37054 | 682535 |
| Twilio, Inc., Class A \* | 79199 | 10271318 |
| Unity Software, Inc. \* | 174528 | 7420931 |
| VeriSign, Inc.  | 43370 | 10928806 |
|  |  | **512091911** |
| **Technology Hardware & Equipment 4.0%** | **Technology Hardware & Equipment 4.0%** | **Technology Hardware & Equipment 4.0%** |
| Amphenol Corp., Class A  | 630232 | 88799689 |
| Arrow Electronics, Inc. \* | 26480 | 2860105 |
| CDW Corp.  | 67712 | 9765425 |
| Ciena Corp. \* | 72922 | 14891402 |
| Cisco Systems, Inc.  | 2044130 | 157275362 |
| Cognex Corp.  | 86699 | 3303232 |
| Corning, Inc.  | 402577 | 33896983 |
| Dell Technologies, Inc., Class C  | 156380 | 20853273 |
| F5, Inc. \* | 29650 | 7091094 |
| Fabrinet \* | 18532 | 8513786 |
| Flex Ltd. \* | 193828 | 11457173 |
| Hewlett Packard Enterprise Co.  | 677884 | 14825323 |
| HP, Inc.  | 485079 | 11845629 |
| IonQ, Inc. \* | 153434 | 7564296 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Jabil, Inc.  | 55346 | 11661956 |
| Keysight Technologies, Inc. \* | 88841 | 17586076 |
| Motorola Solutions, Inc.  | 85952 | 31774735 |
| NetApp, Inc.  | 103284 | 11522363 |
| Pure Storage, Inc., Class A \* | 160252 | 14256018 |
| Seagate Technology Holdings PLC  | 109853 | 30395227 |
| TD SYNNEX Corp.  | 39592 | 6036988 |
| Trimble, Inc. \* | 122815 | 9999597 |
| Ubiquiti, Inc.  | 2156 | 1257142 |
| Western Digital Corp.  | 178924 | 29223657 |
| Zebra Technologies Corp., Class A \* | 26158 | 6611434 |
|  |  | **563267965** |
| **Telecommunication Services 1.4%** | **Telecommunication Services 1.4%** | **Telecommunication Services 1.4%** |
| AST SpaceMobile, Inc., Class A \* | 120817 | 6789915 |
| AT&T, Inc.  | 3691598 | 96055380 |
| GCI Liberty, Inc. \**(c)* | 32 | 0 |
| Verizon Communications, Inc.  | 2176450 | 89473860 |
|  |  | **192319155** |
| **Transportation 2.2%** | **Transportation 2.2%** | **Transportation 2.2%** |
| CH Robinson Worldwide, Inc.  | 60955 | 9683921 |
| CSX Corp.  | 962768 | 34043476 |
| Delta Air Lines, Inc.  | 334775 | 21459077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expeditors International of <br> Washington, Inc. <br>| 70050 | 10290345 |
| FedEx Corp.  | 112091 | 30901247 |
| JB Hunt Transport Services, Inc.  | 39448 | 6862374 |
| Joby Aviation, Inc. \* | 269600 | 3890328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knight-Swift Transportation <br> Holdings, Inc. <br>| 83601 | 3828926 |
| Norfolk Southern Corp.  | 115863 | 33842424 |
| Old Dominion Freight Line, Inc.  | 95473 | 12916542 |
| Southwest Airlines Co.  | 271204 | 9440611 |
| &nbsp;&nbsp;&nbsp;&nbsp; U-Haul Holding Co., Non Voting <br> Shares <br>| 56452 | 2715906 |
| Union Pacific Corp.  | 306123 | 70968495 |
| United Airlines Holdings, Inc. \* | 167194 | 17047100 |
| United Parcel Service, Inc., Class B  | 380042 | 36404223 |
| XPO, Inc. \* | 60794 | 8636396 |
|  |  | **312931391** |
| **Utilities 4.7%** | **Utilities 4.7%** | **Utilities 4.7%** |
| AES Corp.  | 367706 | 5169946 |
| Alliant Energy Corp.  | 132614 | 9212695 |
| Ameren Corp.  | 139632 | 14849863 |
| American Electric Power Co., Inc.  | 276152 | 34179333 |
| American Water Works Co., Inc.  | 100693 | 13097138 |
| Atmos Energy Corp.  | 82835 | 14609609 |
| CenterPoint Energy, Inc.  | 337254 | 13483415 |
| CMS Energy Corp.  | 154655 | 11667173 |
| Consolidated Edison, Inc.  | 186150 | 18682014 |
| Dominion Energy, Inc.  | 440103 | 27625265 |
| DTE Energy Co.  | 107251 | 14696605 |
| Duke Energy Corp.  | 401643 | 49779633 |
| Edison International  | 198662 | 11699205 |
| Entergy Corp.  | 230323 | 22461099 |
| Essential Utilities, Inc.  | 144870 | 5735403 |
| Evergy, Inc.  | 118889 | 9231731 |
| Eversource Energy  | 191642 | 12874510 |
| Exelon Corp.  | 520877 | 24543724 |
| FirstEnergy Corp.  | 268427 | 12809336 |
| NextEra Energy, Inc.  | 1062988 | 91725235 |
| NiSource, Inc.  | 243211 | 10732901 |
| NRG Energy, Inc.  | 99836 | 16921204 |
| OGE Energy Corp.  | 104092 | 4765332 |

---

**47**

------

Schwab U.S. Large-Cap Value ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| PG&E Corp.  | 1134744 | 18292073 |
| Pinnacle West Capital Corp.  | 61665 | 5602882 |
| PPL Corp.  | 382053 | 14097756 |
| Public Service Enterprise Group, Inc.  | 257415 | 21499301 |
| Sempra  | 336789 | 31900654 |
| Southern Co.  | 567979 | 51754246 |
| Vistra Corp.  | 164532 | 29428194 |
| WEC Energy Group, Inc.  | 166099 | 18614715 |
| Xcel Energy, Inc.  | 304969 | 25041005 |
|  |  | **666783195** |
| **Total Common Stocks**<br> **(Cost $9,857,786,613)** | **Total Common Stocks**<br> **(Cost $9,857,786,613)** | **14076456784** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.1% OF NET ASSETS |
| **Money Market Funds 0.1%** | **Money Market Funds 0.1%** | **Money Market Funds 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(d)*<br>| 11865294 | 11865294 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(d)(e)*<br>| 1223706 | 1223706 |
|  |  | **13089000** |
| **Total Short-Term Investments**<br> **(Cost $13,089,000)** | **Total Short-Term Investments**<br> **(Cost $13,089,000)** | **13089000** |
| **Total Investments in Securities**<br> **(Cost $9,870,875,613)** | **Total Investments in Securities**<br> **(Cost $9,870,875,613)** | **14089545784** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; DJIA CBOT, e-mini, expires <br> 12/19/25<br>| 128 | 30555520 | 361341 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 400 Mid-Cap Index, <br> e-mini, expires 12/19/25<br>| 10 | 3314400 | 94980 |
|  |  |  | **456321** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* Issuer is affiliated with the fund's investment adviser.

*(b)* All or a portion of this security is on loan. Securities on loan were valued at $1,200,956. 

*(c)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(d)* The rate shown is the annualized 7-day yield.

*(e)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

CBOT — Chicago Board of Trade <br> REIT — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Below is a summary of the fund's transactions with affiliated issuers during the period ended November 30, 2025:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 8/31/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 11/30/25<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 11/30/25<br>| DIVIDENDS<br> RECEIVED<br>|
| **COMMON STOCKS** 0.6% OF NET ASSETS | **COMMON STOCKS** 0.6% OF NET ASSETS | **COMMON STOCKS** 0.6% OF NET ASSETS | **COMMON STOCKS** 0.6% OF NET ASSETS | **COMMON STOCKS** 0.6% OF NET ASSETS | **COMMON STOCKS** 0.6% OF NET ASSETS | **COMMON STOCKS** 0.6% OF NET ASSETS | **COMMON STOCKS** 0.6% OF NET ASSETS | **COMMON STOCKS** 0.6% OF NET ASSETS |
| **Financial Services 0.6%** | **Financial Services 0.6%** | **Financial Services 0.6%** | **Financial Services 0.6%** | **Financial Services 0.6%** | **Financial Services 0.6%** | **Financial Services 0.6%** | **Financial Services 0.6%** | **Financial Services 0.6%** |
| Charles Schwab Corp. | $84085416 | $5991567 | ($5939942)<br>| $574676 | ($3272800)<br>| **$81438917** | 878237 | $236304 |

---

------

The following is a summary of the inputs used to value the fund's investments as of November 30, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks <sup>1</sup> <br>| $13884137629 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $13884137629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services | 192319155 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 192319155 |
| Short-Term Investments <sup>1</sup> <br>| 13089000 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 13089000 |
| Futures Contracts <sup>2</sup> <br>| 456321 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 456321 |
| **Total** | **$14090002105** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$14090002105** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at November 30, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**48**

------

Schwab Strategic Trust

Schwab U.S. Mid-Cap ETF

------

**Portfolio Holdings** as of November 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS | **COMMON STOCKS** 99.8% OF NET ASSETS |
| **Automobiles & Components 1.0%** | **Automobiles & Components 1.0%** | **Automobiles & Components 1.0%** |
| Autoliv, Inc.  | 186600 | 22016934 |
| BorgWarner, Inc.  | 570981 | 24586442 |
| Gentex Corp.  | 580437 | 13251377 |
| Lear Corp.  | 140666 | 15101902 |
| Rivian Automotive, Inc., Class A \* | 2105591 | 35500264 |
| Thor Industries, Inc.  | 140680 | 14858621 |
|  |  | **125315540** |
| **Banks 4.1%** | **Banks 4.1%** | **Banks 4.1%** |
| Bank OZK  | 279511 | 12863096 |
| BOK Financial Corp.  | 58623 | 6602122 |
| Columbia Banking System, Inc.  | 789573 | 21886963 |
| Comerica, Inc.  | 339170 | 27262485 |
| Commerce Bancshares, Inc.  | 327819 | 17672722 |
| Cullen/Frost Bankers, Inc.  | 169899 | 21019904 |
| East West Bancorp, Inc.  | 363876 | 38825569 |
| First Financial Bankshares, Inc.  | 342790 | 10708760 |
| First Horizon Corp.  | 1339472 | 29923804 |
| Flagstar Bank NA  | 787550 | 9639612 |
| Glacier Bancorp, Inc.  | 339202 | 14348245 |
| KeyCorp  | 2461707 | 45246175 |
| Old National Bancorp  | 920956 | 20012374 |
| Pinnacle Financial Partners, Inc.  | 203195 | 18628918 |
| Popular, Inc.  | 178518 | 20477800 |
| Prosperity Bancshares, Inc.  | 251035 | 17248615 |
| Southstate Bank Corp.  | 267193 | 23916445 |
| Synovus Financial Corp.  | 366651 | 17672578 |
| UMB Financial Corp.  | 188449 | 20932915 |
| Valley National Bancorp  | 1272444 | 14404066 |
| Webster Financial Corp.  | 438631 | 26142408 |
| Western Alliance Bancorp  | 273327 | 22284350 |
| Wintrust Financial Corp.  | 176783 | 23692458 |
| Zions Bancorp NA  | 389849 | 20751662 |
|  |  | **502164046** |
| **Capital Goods 16.9%** | **Capital Goods 16.9%** | **Capital Goods 16.9%** |
| A.O. Smith Corp.  | 301707 | 19906628 |
| AAON, Inc.  | 178887 | 16722357 |
| Acuity, Inc.  | 80136 | 29363433 |
| Advanced Drainage Systems, Inc.  | 188735 | 28759439 |
| AECOM  | 349885 | 36083640 |
| AeroVironment, Inc. \* | 83968 | 23465697 |
| AGCO Corp.  | 163612 | 17336328 |
| Air Lease Corp.  | 277517 | 17741662 |
| Allegion PLC  | 226635 | 37628209 |
| Allison Transmission Holdings, Inc.  | 220866 | 19581980 |
| API Group Corp. \* | 977856 | 38683983 |
| Applied Industrial Technologies, Inc.  | 100530 | 26019175 |
| Armstrong World Industries, Inc.  | 114198 | 21667929 |
| ATI, Inc. \* | 363553 | 36646142 |
| Bloom Energy Corp., Class A \* | 568448 | 62097259 |
| BWX Technologies, Inc.  | 241406 | 43182705 |
| Carlisle Cos., Inc.  | 112553 | 35799733 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Carpenter Technology Corp.  | 131675 | 41943754 |
| Chart Industries, Inc. \* | 116646 | 23789952 |
| CNH Industrial NV  | 2343942 | 22103373 |
| Core & Main, Inc., Class A \* | 500512 | 24194750 |
| Crane Co.  | 129180 | 23672235 |
| Curtiss-Wright Corp.  | 99488 | 56140084 |
| Donaldson Co., Inc.  | 307503 | 27644520 |
| Dycom Industries, Inc. \* | 76391 | 27617638 |
| Federal Signal Corp.  | 160646 | 18313644 |
| Flowserve Corp.  | 345219 | 24631376 |
| Fluor Corp. \* | 426947 | 18328835 |
| Fortune Brands Innovations, Inc.  | 317394 | 16387052 |
| FTAI Aviation Ltd.  | 270910 | 46932448 |
| Generac Holdings, Inc. \* | 154847 | 23479451 |
| Graco, Inc.  | 437043 | 36029825 |
| Hexcel Corp.  | 210341 | 16034294 |
| Huntington Ingalls Industries, Inc.  | 103562 | 32479114 |
| IDEX Corp.  | 198588 | 34540411 |
| ITT, Inc.  | 206058 | 37947641 |
| JBT Marel Corp.  | 137330 | 19298985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions, <br> Inc. \*<br>| 445222 | 33881394 |
| Leonardo DRS, Inc.  | 203134 | 6941089 |
| Lincoln Electric Holdings, Inc.  | 145629 | 34867951 |
| Loar Holdings, Inc. \* | 93689 | 6413012 |
| Masco Corp.  | 552228 | 35823030 |
| MasTec, Inc. \* | 161785 | 34602576 |
| Middleby Corp. \* | 123266 | 14570041 |
| Modine Manufacturing Co. \* | 138578 | 22467651 |
| Mueller Industries, Inc.  | 292065 | 32089182 |
| Nextpower, Inc., Class A \* | 390276 | 35757087 |
| Nordson Corp.  | 141618 | 33656934 |
| nVent Electric PLC  | 425085 | 45598868 |
| Oshkosh Corp.  | 169040 | 21667547 |
| Owens Corning  | 220745 | 24997164 |
| Pentair PLC  | 432957 | 45564395 |
| QXO, Inc. \* | 1279837 | 23971347 |
| RBC Bearings, Inc. \* | 83035 | 36948084 |
| Regal Rexnord Corp.  | 175236 | 25582704 |
| Sensata Technologies Holding PLC  | 385359 | 12358463 |
| Simpson Manufacturing Co., Inc.  | 109972 | 18407113 |
| SiteOne Landscape Supply, Inc. \* | 117949 | 15838192 |
| Snap-on, Inc.  | 137763 | 46846308 |
| SPX Technologies, Inc. \* | 130310 | 28021862 |
| StandardAero, Inc. \* | 369797 | 9659098 |
| Stanley Black & Decker, Inc.  | 408396 | 29208482 |
| Sterling Infrastructure, Inc. \* | 80350 | 27665308 |
| Textron, Inc.  | 470762 | 39148568 |
| Timken Co.  | 166889 | 13583096 |
| Toro Co.  | 260618 | 18175499 |
| Trex Co., Inc. \* | 282369 | 9877268 |
| UFP Industries, Inc.  | 154265 | 14345102 |
| Valmont Industries, Inc.  | 52152 | 21537211 |
| Watsco, Inc.  | 92084 | 31897898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Watts Water Technologies, Inc., <br> Class A <br>| 72260 | 19935089 |
| WESCO International, Inc.  | 128418 | 34340257 |
| WillScot Holdings Corp.  | 479237 | 9464931 |

---

**49**

------

Schwab U.S. Mid-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Woodward, Inc.  | 158391 | 47522052 |
| Zurn Elkay Water Solutions Corp.  | 393850 | 18786645 |
|  |  | **2064214179** |
| **Commercial & Professional Services 2.9%** | **Commercial & Professional Services 2.9%** | **Commercial & Professional Services 2.9%** |
| Amentum Holdings, Inc. \* | 403558 | 11553866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Booz Allen Hamilton Holding Corp., <br> Class A <br>| 325239 | 27144447 |
| CACI International, Inc., Class A \* | 58012 | 35799205 |
| Clean Harbors, Inc. \* | 133042 | 30275037 |
| Dayforce, Inc. \* | 421343 | 29114801 |
| ExlService Holdings, Inc. \* | 426740 | 16954380 |
| FTI Consulting, Inc. \* | 83957 | 13697585 |
| Genpact Ltd.  | 428047 | 18859751 |
| KBR, Inc.  | 340690 | 14043242 |
| Maximus, Inc.  | 149065 | 12833006 |
| MSA Safety, Inc.  | 96956 | 15639003 |
| Parsons Corp. \* | 141271 | 11962828 |
| Paycom Software, Inc.  | 132183 | 21303934 |
| Paylocity Holding Corp. \* | 118081 | 17396874 |
| RB Global, Inc.  | 490141 | 48131846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Science Applications International <br> Corp. <br>| 123412 | 10639348 |
| Tetra Tech, Inc.  | 693647 | 24097297 |
|  |  | **359446450** |
| **Consumer Discretionary Distribution & Retail 3.4%** | **Consumer Discretionary Distribution & Retail 3.4%** | **Consumer Discretionary Distribution & Retail 3.4%** |
| Abercrombie & Fitch Co., Class A \* | 125442 | 12277008 |
| AutoNation, Inc. \* | 74751 | 15794139 |
| Bath & Body Works, Inc.  | 557124 | 9699529 |
| Burlington Stores, Inc. \* | 164557 | 41506212 |
| CarMax, Inc. \* | 396886 | 15343613 |
| Chewy, Inc., Class A \* | 588618 | 20466248 |
| Dick's Sporting Goods, Inc.  | 176631 | 36486666 |
| Etsy, Inc. \* | 261862 | 14198158 |
| Five Below, Inc. \* | 145428 | 23979623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Floor & Decor Holdings, Inc., <br> Class A \*<br>| 284579 | 18104916 |
| GameStop Corp., Class A \* | 1086245 | 24473100 |
| Gap, Inc.  | 601666 | 16287098 |
| Lithia Motors, Inc.  | 67724 | 21593120 |
| LKQ Corp.  | 679301 | 20168447 |
| Murphy USA, Inc.  | 46286 | 17823350 |
| Ollie's Bargain Outlet Holdings, Inc. \* | 162044 | 19949237 |
| Penske Automotive Group, Inc.  | 48707 | 7876896 |
| Pool Corp.  | 86765 | 21135954 |
| RH \* | 40522 | 6385862 |
| Urban Outfitters, Inc. \* | 141605 | 10488682 |
| Valvoline, Inc. \* | 334594 | 10476138 |
| Wayfair, Inc., Class A \* | 276967 | 30687943 |
|  |  | **415201939** |
| **Consumer Durables & Apparel 3.1%** | **Consumer Durables & Apparel 3.1%** | **Consumer Durables & Apparel 3.1%** |
| Crocs, Inc. \* | 143822 | 12221994 |
| Hasbro, Inc.  | 351489 | 29032991 |
| Installed Building Products, Inc.  | 60106 | 16109610 |
| KB Home  | 179118 | 11522661 |
| Mattel, Inc. \* | 851364 | 17980808 |
| Meritage Homes Corp.  | 188195 | 13753291 |
| Mohawk Industries, Inc. \* | 137485 | 15934511 |
| Ralph Lauren Corp.  | 102095 | 37502556 |
| Somnigroup International, Inc.  | 554287 | 50728346 |
| Tapestry, Inc.  | 549519 | 60051436 |
| Taylor Morrison Home Corp. \* | 261203 | 16374816 |
| Toll Brothers, Inc.  | 258989 | 36214432 |
| TopBuild Corp. \* | 73798 | 33393595 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| VF Corp.  | 867577 | 15182598 |
| Whirlpool Corp. *(a)* | 147128 | 11380351 |
|  |  | **377383996** |
| **Consumer Services 3.4%** | **Consumer Services 3.4%** | **Consumer Services 3.4%** |
| ADT, Inc.  | 1356991 | 11195176 |
| Aramark  | 693553 | 25779365 |
| Boyd Gaming Corp.  | 156959 | 13074685 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bright Horizons Family Solutions, <br> Inc. \*<br>| 150346 | 15449555 |
| Brinker International, Inc. \* | 117526 | 18074324 |
| Caesars Entertainment, Inc. \* | 547576 | 12742093 |
| Cava Group, Inc. \* | 262545 | 12835825 |
| Choice Hotels International, Inc.  | 54465 | 4970476 |
| Churchill Downs, Inc.  | 176038 | 19203985 |
| Duolingo, Inc. \* | 104926 | 20083886 |
| Dutch Bros, Inc., Class A \* | 335325 | 19653398 |
| H&R Block, Inc.  | 353745 | 14899739 |
| Hyatt Hotels Corp., Class A  | 111909 | 18396720 |
| MGM Resorts International \* | 539254 | 19030274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Norwegian Cruise Line Holdings <br> Ltd. \*<br>| 1192967 | 22022171 |
| Planet Fitness, Inc., Class A \* | 221500 | 24801355 |
| Service Corp. International  | 369972 | 29386876 |
| Stride, Inc. \* | 113426 | 7205954 |
| Texas Roadhouse, Inc.  | 175354 | 30730788 |
| Vail Resorts, Inc.  | 98208 | 13769744 |
| Wingstop, Inc.  | 73767 | 19528338 |
| Wyndham Hotels & Resorts, Inc.  | 201908 | 14779666 |
| Wynn Resorts Ltd.  | 222765 | 28665400 |
|  |  | **416279793** |
| **Consumer Staples Distribution & Retail 1.9%** | **Consumer Staples Distribution & Retail 1.9%** | **Consumer Staples Distribution & Retail 1.9%** |
| Albertsons Cos., Inc., Class A  | 1064572 | 19513605 |
| BJ's Wholesale Club Holdings, Inc. \* | 348349 | 31083181 |
| Casey's General Stores, Inc.  | 98174 | 56004340 |
| Maplebear, Inc. \* | 487063 | 20461517 |
| Performance Food Group Co. \* | 413449 | 40133494 |
| Sprouts Farmers Market, Inc. \* | 258104 | 21631696 |
| U.S. Foods Holding Corp. \* | 594742 | 46788353 |
|  |  | **235616186** |
| **Energy 2.9%** | **Energy 2.9%** | **Energy 2.9%** |
| Antero Midstream Corp.  | 885050 | 15939751 |
| Antero Resources Corp. \* | 774317 | 28208368 |
| APA Corp.  | 944312 | 23579471 |
| Chord Energy Corp.  | 151420 | 14212281 |
| DT Midstream, Inc.  | 268063 | 32558932 |
| HF Sinclair Corp.  | 419766 | 22209819 |
| Matador Resources Co.  | 309610 | 13127464 |
| Noble Corp. PLC  | 330315 | 10114245 |
| NOV, Inc.  | 981340 | 15073382 |
| Ovintiv, Inc.  | 678205 | 27779277 |
| Permian Resources Corp.  | 1845250 | 26737672 |
| Range Resources Corp.  | 628604 | 24823572 |
| TechnipFMC PLC  | 1085431 | 49126607 |
| Texas Pacific Land Corp.  | 50996 | 44075333 |
| Venture Global, Inc., Class A  | 1209297 | 9021356 |
|  |  | **356587530** |
| **Equity Real Estate Investment Trusts (REITs) 6.0%** | **Equity Real Estate Investment Trusts (REITs) 6.0%** | **Equity Real Estate Investment Trusts (REITs) 6.0%** |
| Agree Realty Corp.  | 291710 | 21942426 |
| Alexandria Real Estate Equities, Inc.  | 410926 | 22054398 |
| American Homes 4 Rent, Class A  | 859713 | 27613982 |
| Americold Realty Trust, Inc.  | 749634 | 8118536 |

---

**50**

------

Schwab U.S. Mid-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Brixmor Property Group, Inc.  | 808050 | 21122427 |
| BXP, Inc.  | 388645 | 28122352 |
| Camden Property Trust  | 281935 | 29980968 |
| CareTrust REIT, Inc.  | 581629 | 21828536 |
| CubeSmart  | 602008 | 22412758 |
| EastGroup Properties, Inc.  | 140567 | 25467929 |
| Equity LifeStyle Properties, Inc.  | 511188 | 32138390 |
| Federal Realty Investment Trust  | 207295 | 20466235 |
| First Industrial Realty Trust, Inc.  | 349690 | 20016256 |
| Gaming & Leisure Properties, Inc.  | 746475 | 32494057 |
| Healthcare Realty Trust, Inc.  | 928861 | 16933136 |
| Healthpeak Properties, Inc.  | 1836257 | 33530053 |
| Host Hotels & Resorts, Inc.  | 1686629 | 29735269 |
| Kilroy Realty Corp.  | 287971 | 12351076 |
| Kimco Realty Corp.  | 1789094 | 36962682 |
| Lamar Advertising Co., Class A  | 228984 | 30315192 |
| Lineage, Inc.  | 150575 | 5393597 |
| NNN REIT, Inc.  | 498440 | 20610494 |
| Omega Healthcare Investors, Inc.  | 779397 | 35789910 |
| Regency Centers Corp.  | 431076 | 30675368 |
| Rexford Industrial Realty, Inc.  | 623087 | 25926650 |
| STAG Industrial, Inc.  | 493058 | 19367318 |
| Terreno Realty Corp.  | 272942 | 17138028 |
| UDR, Inc.  | 795554 | 28974077 |
| Vornado Realty Trust  | 426419 | 15700748 |
| WP Carey, Inc.  | 578484 | 38972467 |
|  |  | **732155315** |
| **Financial Services 5.8%** | **Financial Services 5.8%** | **Financial Services 5.8%** |
| Affiliated Managers Group, Inc.  | 75042 | 20173541 |
| AGNC Investment Corp.  | 2748250 | 28829142 |
| Ally Financial, Inc.  | 738978 | 30519791 |
| Annaly Capital Management, Inc.  | 1695169 | 38649853 |
| Blue Owl Capital, Inc.  | 1632332 | 24484980 |
| Chime Financial, Inc., Class A \* | 89361 | 1888198 |
| Corebridge Financial, Inc.  | 713560 | 21421071 |
| Credit Acceptance Corp. \* | 16568 | 7653919 |
| Equitable Holdings, Inc.  | 790870 | 36925720 |
| Essent Group Ltd.  | 260428 | 16344461 |
| Evercore, Inc., Class A  | 101855 | 32600730 |
| FactSet Research Systems, Inc.  | 99775 | 27664614 |
| Franklin Resources, Inc.  | 809103 | 18277637 |
| Houlihan Lokey, Inc.  | 143520 | 25173408 |
| Invesco Ltd.  | 1176571 | 28767161 |
| Jack Henry & Associates, Inc.  | 192112 | 33519702 |
| Jackson Financial, Inc., Class A  | 184038 | 18037564 |
| Janus Henderson Group PLC  | 329893 | 14419623 |
| Jefferies Financial Group, Inc.  | 435544 | 25069913 |
| Lazard, Inc., Class A  | 298194 | 15058797 |
| MarketAxess Holdings, Inc.  | 98730 | 16180860 |
| MGIC Investment Corp.  | 608972 | 17264356 |
| Morningstar, Inc.  | 64495 | 13857396 |
| OneMain Holdings, Inc.  | 314000 | 19477420 |
| Rithm Capital Corp.  | 1401435 | 16102488 |
| SEI Investments Co.  | 248103 | 20061609 |
| Starwood Property Trust, Inc.  | 911854 | 16723402 |
| Stifel Financial Corp.  | 269496 | 32878512 |
| TPG, Inc.  | 327833 | 19368374 |
| Tradeweb Markets, Inc., Class A  | 307186 | 33440268 |
| Voya Financial, Inc.  | 254685 | 17904356 |
| WEX, Inc. \* | 90620 | 13444383 |
|  |  | **702183249** |
| **Food, Beverage & Tobacco 2.3%** | **Food, Beverage & Tobacco 2.3%** | **Food, Beverage & Tobacco 2.3%** |
| Brown-Forman Corp., Class B  | 611878 | 17732224 |
| Bunge Global SA  | 370002 | 35546092 |
| Campbell's Co.  | 519945 | 15847924 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Celsius Holdings, Inc. \* | 422467 | 17295799 |
| Coca-Cola Consolidated, Inc.  | 158217 | 25781460 |
| Conagra Brands, Inc.  | 1264601 | 22573128 |
| Darling Ingredients, Inc. \* | 418230 | 15311400 |
| Ingredion, Inc.  | 169574 | 18235988 |
| J.M. Smucker Co.  | 281458 | 29322294 |
| Lamb Weston Holdings, Inc.  | 367870 | 21726402 |
| Marzetti Co.  | 53755 | 8973860 |
| Molson Coors Beverage Co., Class B  | 447270 | 20802528 |
| Pilgrim's Pride Corp.  | 112624 | 4284217 |
| Post Holdings, Inc. \* | 126422 | 13151681 |
| Primo Brands Corp.  | 668667 | 10491385 |
|  |  | **277076382** |
| **Health Care Equipment & Services 5.3%** | **Health Care Equipment & Services 5.3%** | **Health Care Equipment & Services 5.3%** |
| Align Technology, Inc. \* | 177966 | 26194816 |
| Baxter International, Inc.  | 1355448 | 25401096 |
| Centene Corp. \* | 1232307 | 48478957 |
| Chemed Corp.  | 38435 | 16880268 |
| Cooper Cos., Inc. \* | 527050 | 41073006 |
| DaVita, Inc. \* | 94171 | 11270385 |
| Doximity, Inc., Class A \* | 360235 | 18530488 |
| Encompass Health Corp.  | 265742 | 30884535 |
| Ensign Group, Inc.  | 151206 | 28054761 |
| Glaukos Corp. \* | 151635 | 16117284 |
| Globus Medical, Inc., Class A \* | 297251 | 27061731 |
| Guardant Health, Inc. \* | 328946 | 35664325 |
| HealthEquity, Inc. \* | 228251 | 24007440 |
| Henry Schein, Inc. \* | 272216 | 20299147 |
| Hims & Hers Health, Inc. \* | 545810 | 21701406 |
| Hologic, Inc. \* | 587435 | 44040002 |
| Masimo Corp. \* | 122065 | 17385718 |
| Molina Healthcare, Inc. \* | 143165 | 21225643 |
| Option Care Health, Inc. \* | 429261 | 13350017 |
| Penumbra, Inc. \* | 102946 | 30180679 |
| Solventum Corp. \* | 388870 | 33155056 |
| Teleflex, Inc.  | 116918 | 13377758 |
| Tenet Healthcare Corp. \* | 233346 | 50598747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Universal Health Services, Inc., <br> Class B <br>| 148912 | 36279431 |
|  |  | **651212696** |
| **Household & Personal Products 0.5%** | **Household & Personal Products 0.5%** | **Household & Personal Products 0.5%** |
| BellRing Brands, Inc. \* | 331665 | 10245132 |
| Clorox Co.  | 322616 | 34823171 |
| Coty, Inc., Class A \* | 964379 | 3201738 |
| elf Beauty, Inc. \* | 156174 | 11895774 |
| Reynolds Consumer Products, Inc.  | 144000 | 3597120 |
|  |  | **63762935** |
| **Insurance 4.1%** | **Insurance 4.1%** | **Insurance 4.1%** |
| American Financial Group, Inc.  | 182681 | 25158827 |
| Assurant, Inc.  | 133137 | 30376538 |
| Axis Capital Holdings Ltd.  | 206426 | 21104994 |
| CNA Financial Corp.  | 56990 | 2664283 |
| Everest Group Ltd.  | 110661 | 34779646 |
| F&G Annuities & Life, Inc.  | 56800 | 1835208 |
| Fidelity National Financial, Inc.  | 674712 | 40098134 |
| First American Financial Corp.  | 268926 | 17684574 |
| Globe Life, Inc.  | 213723 | 28794900 |
| Hanover Insurance Group, Inc.  | 94544 | 17542639 |
| Kinsale Capital Group, Inc.  | 58442 | 22494326 |
| Lincoln National Corp.  | 445692 | 18335769 |
| Loews Corp.  | 449181 | 48453154 |
| Old Republic International Corp.  | 603205 | 27807750 |
| Primerica, Inc.  | 85540 | 22011153 |

---

**51**

------

Schwab U.S. Mid-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Reinsurance Group of America, Inc.  | 174359 | 33105543 |
| RenaissanceRe Holdings Ltd.  | 124153 | 32425039 |
| RLI Corp.  | 242710 | 14965499 |
| Ryan Specialty Holdings, Inc.  | 297677 | 17286103 |
| Selective Insurance Group, Inc.  | 160680 | 12623021 |
| Unum Group  | 413349 | 31402124 |
|  |  | **500949224** |
| **Materials 5.8%** | **Materials 5.8%** | **Materials 5.8%** |
| Albemarle Corp.  | 310898 | 40413631 |
| Alcoa Corp.  | 683291 | 28520566 |
| AptarGroup, Inc.  | 173976 | 21703506 |
| Avery Dennison Corp.  | 205689 | 35454613 |
| Axalta Coating Systems Ltd. \* | 572273 | 17242585 |
| Ball Corp.  | 717833 | 35554268 |
| Celanese Corp.  | 288317 | 12008403 |
| CF Industries Holdings, Inc.  | 427228 | 33622844 |
| Cleveland-Cliffs, Inc. \* | 1505221 | 19628082 |
| Coeur Mining, Inc. \* | 1695932 | 29288746 |
| Commercial Metals Co.  | 295704 | 18860001 |
| Crown Holdings, Inc.  | 303486 | 29386549 |
| Eagle Materials, Inc.  | 85757 | 19185556 |
| Eastman Chemical Co.  | 303305 | 18829174 |
| FMC Corp.  | 328823 | 4698881 |
| Graphic Packaging Holding Co.  | 783644 | 12679360 |
| Louisiana-Pacific Corp.  | 167651 | 13749059 |
| Mosaic Co.  | 837924 | 20520759 |
| MP Materials Corp. \* | 355355 | 22014242 |
| NewMarket Corp.  | 20586 | 15718029 |
| Packaging Corp. of America  | 236020 | 48164601 |
| Reliance, Inc.  | 138940 | 38808721 |
| Royal Gold, Inc.  | 213365 | 43492322 |
| RPM International, Inc.  | 338611 | 36316030 |
| Sealed Air Corp.  | 388656 | 16692775 |
| Sonoco Products Co.  | 259699 | 10951507 |
| Steel Dynamics, Inc.  | 365360 | 61318369 |
| Westlake Corp.  | 87840 | 5868590 |
|  |  | **710691769** |
| **Media & Entertainment 2.9%** | **Media & Entertainment 2.9%** | **Media & Entertainment 2.9%** |
| Liberty Broadband Corp., Class C \* | 354757 | 16421702 |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Live, <br> Class C \*<br>| 184366 | 14603631 |
| Match Group, Inc.  | 635261 | 21160544 |
| New York Times Co., Class A  | 427571 | 27578329 |
| News Corp., Class A  | 1364444 | 35038922 |
| Nexstar Media Group, Inc.  | 75351 | 14477941 |
| Omnicom Group, Inc.  | 844304 | 60469052 |
| Paramount Skydance Corp., Class B  | 816433 | 13079257 |
| Pinterest, Inc., Class A \* | 1582961 | 41346941 |
| Roku, Inc. \* | 343559 | 33253076 |
| Sirius XM Holdings, Inc.  | 496430 | 10554102 |
| Snap, Inc., Class A \* | 2917050 | 22402944 |
| TKO Group Holdings, Inc.  | 182001 | 35288174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trump Media & Technology Group <br> Corp. \*<br>| 422976 | 4881143 |
|  |  | **350555758** |
| **Pharmaceuticals, Biotechnology & Life Sciences 7.3%** | **Pharmaceuticals, Biotechnology & Life Sciences 7.3%** | **Pharmaceuticals, Biotechnology & Life Sciences 7.3%** |
| Alkermes PLC \* | 436578 | 12913977 |
| Avantor, Inc. \* | 1799901 | 21112839 |
| BioMarin Pharmaceutical, Inc. \* | 506597 | 28333970 |
| Bio-Rad Laboratories, Inc., Class A \* | 48146 | 15640710 |
| Bio-Techne Corp.  | 413789 | 26693528 |
| Bridgebio Pharma, Inc. \* | 443818 | 31959334 |
| Bruker Corp.  | 292915 | 14297181 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories <br> International, Inc. \*<br>| 130014 | 23160694 |
| Corcept Therapeutics, Inc. \* | 247680 | 19665792 |
| CRISPR Therapeutics AG \* | 240635 | 12866753 |
| Cytokinetics, Inc. \* | 315982 | 21527854 |
| Elanco Animal Health, Inc. \* | 1310492 | 30495149 |
| Exact Sciences Corp. \* | 499926 | 50637504 |
| Exelixis, Inc. \* | 710100 | 31365117 |
| Halozyme Therapeutics, Inc. \* | 308863 | 22052818 |
| Incyte Corp. \* | 433221 | 45254266 |
| Ionis Pharmaceuticals, Inc. \* | 420494 | 34787469 |
| Jazz Pharmaceuticals PLC \* | 160137 | 28268985 |
| Madrigal Pharmaceuticals, Inc. \* | 48209 | 28779809 |
| Medpace Holdings, Inc. \* | 58545 | 34685571 |
| Moderna, Inc. \* | 913885 | 23742732 |
| Neurocrine Biosciences, Inc. \* | 262019 | 39868811 |
| Repligen Corp. \* | 139620 | 23877812 |
| Revolution Medicines, Inc. \* | 463610 | 36050314 |
| Revvity, Inc.  | 306263 | 31976920 |
| Roivant Sciences Ltd. \* | 1135463 | 23628985 |
| Royalty Pharma PLC, Class A  | 1004899 | 40216058 |
| Sotera Health Co. \* | 545984 | 9543800 |
| Summit Therapeutics, Inc. \**(a)* | 391061 | 6996081 |
| Tempus AI, Inc. \* | 262892 | 20487174 |
| United Therapeutics Corp. \* | 119412 | 58034232 |
| Vaxcyte, Inc. \* | 308825 | 15320808 |
| Viatris, Inc.  | 3075156 | 32873418 |
|  |  | **897116465** |
| **Real Estate Management & Development 0.7%** | **Real Estate Management & Development 0.7%** | **Real Estate Management & Development 0.7%** |
| Jones Lang LaSalle, Inc. \* | 125165 | 40764989 |
| Zillow Group, Inc., Class C \* | 591166 | 43970927 |
|  |  | **84735916** |
| **Semiconductors & Semiconductor Equipment 2.1%** | **Semiconductors & Semiconductor Equipment 2.1%** | **Semiconductors & Semiconductor Equipment 2.1%** |
| Allegro MicroSystems, Inc. \* | 326334 | 8709854 |
| Amkor Technology, Inc.  | 299311 | 10891927 |
| Cirrus Logic, Inc. \* | 135701 | 16330258 |
| Entegris, Inc.  | 399867 | 30845740 |
| Lattice Semiconductor Corp. \* | 361326 | 25368699 |
| &nbsp;&nbsp;&nbsp;&nbsp; MACOM Technology Solutions <br> Holdings, Inc. \*<br>| 169030 | 29578560 |
| MKS, Inc.  | 177269 | 27723099 |
| Onto Innovation, Inc. \* | 129550 | 18546378 |
| Qorvo, Inc. \* | 222689 | 19126758 |
| Rambus, Inc. \* | 283903 | 27132610 |
| Skyworks Solutions, Inc.  | 391620 | 25827339 |
| Universal Display Corp.  | 116934 | 13906961 |
|  |  | **253988183** |
| **Software & Services 5.8%** | **Software & Services 5.8%** | **Software & Services 5.8%** |
| Akamai Technologies, Inc. \* | 378202 | 33856643 |
| Aurora Innovation, Inc. \* | 3029074 | 12691820 |
| Bentley Systems, Inc., Class B  | 393524 | 16512267 |
| Bill Holdings, Inc. \* | 241456 | 12109018 |
| &nbsp;&nbsp;&nbsp;&nbsp; BitMine Immersion Technologies, <br> Inc. \*<br>| 458274 | 15178035 |
| &nbsp;&nbsp;&nbsp;&nbsp; CCC Intelligent Solutions Holdings, <br> Inc. \*<br>| 1560483 | 11625598 |
| Commvault Systems, Inc. \* | 117569 | 14519772 |
| Confluent, Inc., Class A \* | 771032 | 17155462 |
| Docusign, Inc. \* | 533866 | 37023607 |
| Dolby Laboratories, Inc., Class A  | 161121 | 10867611 |
| Dropbox, Inc., Class A \* | 489158 | 14616041 |
| Dynatrace, Inc. \* | 796591 | 35496095 |
| Elastic NV \* | 245129 | 17288948 |

---

**52**

------

Schwab U.S. Mid-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| EPAM Systems, Inc. \* | 146961 | 27481707 |
| Guidewire Software, Inc. \* | 222350 | 48023153 |
| InterDigital, Inc.  | 68123 | 24371003 |
| Kyndryl Holdings, Inc. \* | 610997 | 15782053 |
| Manhattan Associates, Inc. \* | 159590 | 28159656 |
| Nutanix, Inc., Class A \* | 708069 | 33845698 |
| Okta, Inc. \* | 441648 | 35477584 |
| Pegasystems, Inc.  | 244395 | 13385514 |
| Procore Technologies, Inc. \* | 305257 | 22607333 |
| Qualys, Inc. \* | 95096 | 13394272 |
| Rubrik, Inc., Class A \* | 351472 | 24364039 |
| SailPoint, Inc. \* | 190487 | 3508771 |
| Samsara, Inc., Class A \* | 790632 | 30067735 |
| SentinelOne, Inc., Class A \* | 841863 | 13646599 |
| ServiceTitan, Inc., Class A \* | 144507 | 12913146 |
| SPS Commerce, Inc. \* | 99807 | 8315919 |
| Twilio, Inc., Class A \* | 405187 | 52548702 |
| UiPath, Inc., Class A \* | 1124452 | 15584905 |
| Unity Software, Inc. \* | 893087 | 37974059 |
|  |  | **710392765** |
| **Technology Hardware & Equipment 4.9%** | **Technology Hardware & Equipment 4.9%** | **Technology Hardware & Equipment 4.9%** |
| Arrow Electronics, Inc. \* | 136211 | 14712150 |
| Ciena Corp. \* | 373208 | 76212806 |
| Cognex Corp.  | 443604 | 16901312 |
| Coherent Corp. \* | 410422 | 67415918 |
| F5, Inc. \* | 151545 | 36243502 |
| Fabrinet \* | 94522 | 43424352 |
| Flex Ltd. \* | 991033 | 58579961 |
| IonQ, Inc. \* | 782961 | 38599977 |
| Littelfuse, Inc.  | 65491 | 16767006 |
| Lumentum Holdings, Inc. \* | 184354 | 59944547 |
| Novanta, Inc. \* | 94750 | 10769285 |
| Sandisk Corp. \* | 364412 | 81365911 |
| TD SYNNEX Corp.  | 202388 | 30860122 |
| Trimble, Inc. \* | 628444 | 51167911 |
|  |  | **602964760** |
| **Telecommunication Services 0.5%** | **Telecommunication Services 0.5%** | **Telecommunication Services 0.5%** |
| AST SpaceMobile, Inc., Class A \* | 618282 | 34747448 |
| &nbsp;&nbsp;&nbsp;&nbsp; Frontier Communications Parent, <br> Inc. \*<br>| 660552 | 25048132 |
| GCI Liberty, Inc. \**(b)* | 1240 | 0 |
|  |  | **59795580** |
| **Transportation 2.7%** | **Transportation 2.7%** | **Transportation 2.7%** |
| Alaska Air Group, Inc. \* | 303679 | 13015682 |
| American Airlines Group, Inc. \* | 1741704 | 24470941 |
| CH Robinson Worldwide, Inc.  | 311868 | 49546469 |
| GXO Logistics, Inc. \* | 302597 | 15353772 |
| JB Hunt Transport Services, Inc.  | 201748 | 35096082 |
| Joby Aviation, Inc. \* | 1378256 | 19888234 |
| Kirby Corp. \* | 147442 | 16737616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Knight-Swift Transportation <br> Holdings, Inc. <br>| 428679 | 19633498 |
| Landstar System, Inc.  | 91236 | 11937318 |
| Lyft, Inc., Class A \* | 1049982 | 22081122 |
| Ryder System, Inc.  | 107759 | 18664937 |
| Saia, Inc. \* | 70413 | 19825484 |
| &nbsp;&nbsp;&nbsp;&nbsp; U-Haul Holding Co., Non Voting <br> Shares <br>| 290311 | 13966862 |
| XPO, Inc. \* | 311070 | 44190604 |
|  |  | **324408621** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Utilities 3.5%** | **Utilities 3.5%** | **Utilities 3.5%** |
| AES Corp.  | 1878760 | 26415366 |
| Alliant Energy Corp.  | 678642 | 47145260 |
| Black Hills Corp.  | 192626 | 14213872 |
| Essential Utilities, Inc.  | 739962 | 29295096 |
| Evergy, Inc.  | 607831 | 47198077 |
| IDACORP, Inc.  | 142745 | 18810936 |
| National Fuel Gas Co.  | 238665 | 19677929 |
| NiSource, Inc.  | 1243298 | 54866741 |
| OGE Energy Corp.  | 531524 | 24333169 |
| Oklo, Inc. \* | 307637 | 28111869 |
| Pinnacle West Capital Corp.  | 315141 | 28633711 |
| Portland General Electric Co.  | 289636 | 14719301 |
| Talen Energy Corp. \* | 120610 | 47552905 |
| UGI Corp.  | 567594 | 22448343 |
|  |  | **423422575** |
| **Total Common Stocks**<br> **(Cost $9,712,399,157)** | **Total Common Stocks**<br> **(Cost $9,712,399,157)** | **12197621852** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.2% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.2% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.2% OF NET ASSETS |
| **Money Market Funds 0.2%** | **Money Market Funds 0.2%** | **Money Market Funds 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(c)*<br>| 6848973 | 6848973 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(c)(d)*<br>| 15518404 | 15518404 |
|  |  | **22367377** |
| **Total Short-Term Investments**<br> **(Cost $22,367,377)** | **Total Short-Term Investments**<br> **(Cost $22,367,377)** | **22367377** |
| **Total Investments in Securities**<br> **(Cost $9,734,766,534)** | **Total Investments in Securities**<br> **(Cost $9,734,766,534)** | **12219989229** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 400 Mid-Cap Index, <br> e-mini, expires 12/19/25<br>| 50 | 16572000 | **693442** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $15,049,690. 

*(b)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(c)* The rate shown is the annualized 7-day yield.

*(d)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

REIT — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**53**

------

Schwab U.S. Mid-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of November 30, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $12137826272 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $12137826272 |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services | 59795580 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 59795580 |
| Short-Term Investments<sup>1</sup> <br>| 22367377 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 22367377 |
| Futures Contracts<sup>2</sup> <br>| 693442 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 693442 |
| **Total** | **$12220682671** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$12220682671** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at November 30, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**54**

------

Schwab Strategic Trust

Schwab U.S. Small-Cap ETF

------

**Portfolio Holdings** as of November 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.7% OF NET ASSETS | **COMMON STOCKS** 99.7% OF NET ASSETS | **COMMON STOCKS** 99.7% OF NET ASSETS |
| **Automobiles & Components 1.4%** | **Automobiles & Components 1.4%** | **Automobiles & Components 1.4%** |
| Adient PLC \* | 390056 | 7590490 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Axle & Manufacturing <br> Holdings, Inc. \*<br>| 568637 | 3735945 |
| Dana, Inc.  | 629962 | 14117448 |
| Dorman Products, Inc. \* | 133573 | 17667701 |
| Fox Factory Holding Corp. \* | 200432 | 2964389 |
| Garrett Motion, Inc.  | 658888 | 10891419 |
| Gentex Corp.  | 1055476 | 24096517 |
| Gentherm, Inc. \* | 146641 | 5230684 |
| Goodyear Tire & Rubber Co. \* | 1373569 | 11895108 |
| Harley-Davidson, Inc.  | 583782 | 14296821 |
| Holley, Inc. \* | 270100 | 1150626 |
| LCI Industries  | 116488 | 13241191 |
| Lear Corp.  | 256293 | 27515617 |
| Livewire Group, Inc. \**(a)* | 105324 | 448680 |
| Luminar Technologies, Inc. \**(a)* | 301865 | 273580 |
| Mobileye Global, Inc., Class A \* | 769323 | 9093398 |
| Patrick Industries, Inc.  | 159989 | 17314010 |
| Phinia, Inc.  | 187141 | 10122457 |
| QuantumScape Corp. \* | 2092367 | 25568725 |
| Solid Power, Inc. \* | 807847 | 4200804 |
| Standard Motor Products, Inc.  | 100449 | 3770855 |
| Stoneridge, Inc. \* | 134543 | 768241 |
| Thor Industries, Inc.  | 255610 | 26997528 |
| Visteon Corp.  | 131364 | 13563333 |
| Winnebago Industries, Inc.  | 134274 | 4859376 |
| XPEL, Inc. \* | 120728 | 5611437 |
|  |  | **276986380** |
| **Banks 8.1%** | **Banks 8.1%** | **Banks 8.1%** |
| 1st Source Corp.  | 88644 | 5534931 |
| Amalgamated Financial Corp.  | 102958 | 3021817 |
| Amerant Bancorp, Inc.  | 188721 | 3549842 |
| Ameris Bancorp  | 308689 | 23386279 |
| Arrow Financial Corp.  | 69066 | 2082340 |
| Associated Banc-Corp.  | 787905 | 20714022 |
| Atlantic Union Bankshares Corp.  | 685717 | 23197806 |
| Axos Financial, Inc. \* | 271277 | 22293544 |
| Banc of California, Inc.  | 628976 | 11598317 |
| BancFirst Corp.  | 99291 | 11005414 |
| Bancorp, Inc. \* | 221355 | 14182215 |
| Bank First Corp.  | 43039 | 5368254 |
| Bank of Hawaii Corp.  | 190985 | 12517157 |
| Bank of Marin Bancorp  | 76961 | 2082180 |
| Bank OZK  | 508900 | 23419578 |
| BankUnited, Inc.  | 363166 | 15692403 |
| Banner Corp.  | 166109 | 10433306 |
| Beacon Financial Corp.  | 401326 | 10269932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Burke & Herbert Financial Services <br> Corp. <br>| 63706 | 4156179 |
| Business First Bancshares, Inc.  | 141187 | 3673686 |
| Byline Bancorp, Inc.  | 158159 | 4415799 |
| Cadence Bank  | 897597 | 35760265 |
| Camden National Corp.  | 81017 | 3276327 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Capital City Bank Group, Inc.  | 67113 | 2813377 |
| Capitol Federal Financial, Inc.  | 583765 | 3858687 |
| Cathay General Bancorp  | 333058 | 16133330 |
| Central Pacific Financial Corp.  | 129379 | 3847731 |
| Citizens Financial Services, Inc.  | 23219 | 1297710 |
| City Holding Co.  | 69844 | 8472776 |
| CNB Financial Corp.  | 139352 | 3612004 |
| Coastal Financial Corp. \* | 62611 | 6971735 |
| Columbia Banking System, Inc.  | 1439967 | 39915885 |
| Columbia Financial, Inc. \* | 134769 | 2133393 |
| Community Financial System, Inc.  | 254109 | 14423227 |
| Community Trust Bancorp, Inc.  | 73052 | 4054386 |
| ConnectOne Bancorp, Inc.  | 241506 | 6102857 |
| Customers Bancorp, Inc. \* | 141242 | 9731574 |
| CVB Financial Corp.  | 621693 | 12234918 |
| Dime Community Bancshares, Inc.  | 195928 | 5554559 |
| Eagle Bancorp, Inc.  | 132227 | 2508346 |
| Eastern Bankshares, Inc.  | 936041 | 17625653 |
| Enterprise Financial Services Corp.  | 177868 | 9713371 |
| Equity Bancshares, Inc., Class A  | 74051 | 3224181 |
| Esquire Financial Holdings, Inc.  | 32057 | 3271737 |
| FB Financial Corp.  | 202275 | 11299082 |
| Financial Institutions, Inc.  | 96903 | 2965232 |
| First BanCorp  | 766444 | 15152598 |
| First Bancorp/Southern Pines NC  | 199153 | 10158795 |
| First Busey Corp.  | 427587 | 10065398 |
| First Commonwealth Financial Corp.  | 500834 | 8138553 |
| First Community Bankshares, Inc.  | 88853 | 2969467 |
| First Financial Bancorp  | 459459 | 11431340 |
| First Financial Bankshares, Inc.  | 625454 | 19539183 |
| First Financial Corp.  | 57069 | 3331118 |
| First Foundation, Inc. \* | 395632 | 2104762 |
| First Hawaiian, Inc.  | 598619 | 14917586 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Interstate BancSystem, Inc., <br> Class A <br>| 439087 | 14419617 |
| First Merchants Corp.  | 277359 | 10217906 |
| First Mid Bancshares, Inc.  | 106429 | 4050688 |
| Firstsun Capital Bancorp \* | 53699 | 1795158 |
| Five Star Bancorp  | 82574 | 2847977 |
| Flagstar Bank NA  | 1437344 | 17593091 |
| Flushing Financial Corp.  | 166529 | 2732741 |
| FNB Corp.  | 1731230 | 28807667 |
| Fulton Financial Corp.  | 874593 | 15873863 |
| GBank Financial Holdings, Inc. \**(a)* | 43662 | 1478395 |
| German American Bancorp, Inc.  | 180507 | 7166128 |
| Glacier Bancorp, Inc.  | 618572 | 26165596 |
| Great Southern Bancorp, Inc.  | 40282 | 2423365 |
| Hancock Whitney Corp.  | 407306 | 24678671 |
| Hanmi Financial Corp.  | 143302 | 3958001 |
| HBT Financial, Inc.  | 56103 | 1357693 |
| Heritage Commerce Corp.  | 293897 | 3200538 |
| Heritage Financial Corp.  | 162742 | 3896043 |
| Hilltop Holdings, Inc.  | 212074 | 7278380 |
| Hingham Institution For Savings *(a)* | 9233 | 2704438 |
| Home BancShares, Inc.  | 881617 | 24738173 |
| HomeTrust Bancshares, Inc.  | 65217 | 2674549 |
| Hope Bancorp, Inc.  | 613771 | 6518248 |
| Horizon Bancorp, Inc.  | 210504 | 3608039 |
| Independent Bank Corp.  | 239710 | 17271106 |
| Independent Bank Corp., MI  | 99318 | 3242733 |
| International Bancshares Corp.  | 260033 | 17286994 |

---

**55**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Kearny Financial Corp.  | 276039 | 1896388 |
| Lakeland Financial Corp.  | 122692 | 7148036 |
| Live Oak Bancshares, Inc.  | 169544 | 5411844 |
| Mechanics Bancorp, Class A \* | 94527 | 1468950 |
| Mercantile Bank Corp.  | 77976 | 3585336 |
| Metrocity Bankshares, Inc.  | 91680 | 2443272 |
| Metropolitan Bank Holding Corp.  | 43795 | 3267545 |
| Mid Penn Bancorp, Inc.  | 97465 | 2845003 |
| Midland States Bancorp, Inc.  | 103723 | 1686536 |
| MidWestOne Financial Group, Inc.  | 100532 | 3978051 |
| &nbsp;&nbsp;&nbsp;&nbsp; National Bank Holdings Corp., <br> Class A <br>| 182421 | 6787885 |
| NB Bancorp, Inc.  | 187665 | 3676357 |
| NBT Bancorp, Inc.  | 251882 | 10443028 |
| Nicolet Bankshares, Inc.  | 63643 | 8017745 |
| Northeast Bank  | 34364 | 3054272 |
| Northfield Bancorp, Inc.  | 173073 | 1860535 |
| Northpointe Bancshares, Inc.  | 49697 | 866716 |
| Northwest Bancshares, Inc.  | 701576 | 8390849 |
| OceanFirst Financial Corp.  | 274543 | 5175136 |
| OFG Bancorp  | 213848 | 8496181 |
| Old National Bancorp  | 1679622 | 36498186 |
| Old Second Bancorp, Inc.  | 251769 | 4745846 |
| Origin Bancorp, Inc.  | 140723 | 5120910 |
| Orrstown Financial Services, Inc.  | 93574 | 3346206 |
| Park National Corp.  | 68721 | 10552110 |
| Pathward Financial, Inc.  | 110060 | 7913314 |
| Peapack-Gladstone Financial Corp.  | 76790 | 2073330 |
| Peoples Bancorp, Inc.  | 168023 | 4978522 |
| Pinnacle Financial Partners, Inc.  | 369605 | 33885386 |
| Popular, Inc.  | 325415 | 37328355 |
| Preferred Bank  | 55415 | 5231730 |
| Prosperity Bancshares, Inc.  | 456659 | 31377040 |
| Provident Financial Services, Inc.  | 627286 | 12031345 |
| QCR Holdings, Inc.  | 81317 | 6637907 |
| Renasant Corp.  | 456796 | 16188850 |
| Republic Bancorp, Inc., Class A  | 46015 | 3175495 |
| S&T Bancorp, Inc.  | 184256 | 7274427 |
| Seacoast Banking Corp. of Florida  | 416806 | 13154397 |
| ServisFirst Bancshares, Inc.  | 241503 | 17178108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Simmons First National Corp., <br> Class A <br>| 698517 | 12957490 |
| SmartFinancial, Inc.  | 72077 | 2613512 |
| South Plains Financial, Inc.  | 58673 | 2217253 |
| Southern Missouri Bancorp, Inc.  | 45621 | 2568006 |
| Southside Bancshares, Inc.  | 135157 | 3964155 |
| Southstate Bank Corp.  | 486981 | 43589669 |
| Stellar Bancorp, Inc.  | 222324 | 7027662 |
| Stock Yards Bancorp, Inc.  | 131791 | 8720610 |
| Synovus Financial Corp.  | 667232 | 32160582 |
| Texas Capital Bancshares, Inc. \* | 220745 | 19904577 |
| TFS Financial Corp.  | 242684 | 3458247 |
| Tompkins Financial Corp.  | 61185 | 4228495 |
| Towne Bank  | 349873 | 11738239 |
| TriCo Bancshares  | 156532 | 7529189 |
| Triumph Financial, Inc. \* | 108052 | 5900720 |
| TrustCo Bank Corp.  | 90439 | 3810195 |
| Trustmark Corp.  | 290257 | 11290997 |
| UMB Financial Corp.  | 343690 | 38177085 |
| United Bankshares, Inc.  | 680742 | 25350832 |
| United Community Banks, Inc.  | 586159 | 17913019 |
| Univest Financial Corp.  | 137849 | 4383598 |
| Valley National Bancorp  | 2312945 | 26182537 |
| WaFd, Inc.  | 378237 | 11974983 |
| Washington Trust Bancorp, Inc.  | 91350 | 2594340 |
| WesBanco, Inc.  | 461054 | 14878213 |
| Westamerica BanCorp  | 122016 | 5854328 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Wintrust Financial Corp.  | 322311 | 43196120 |
| WSFS Financial Corp.  | 269925 | 15064514 |
|  |  | **1557632238** |
| **Capital Goods 12.4%** | **Capital Goods 12.4%** | **Capital Goods 12.4%** |
| 3D Systems Corp. \* | 611952 | 1272860 |
| AAON, Inc.  | 325153 | 30395302 |
| AAR Corp. \* | 184751 | 15373131 |
| Air Lease Corp.  | 504887 | 32277426 |
| AirJoule Technologies Corp. \**(a)* | 121920 | 397459 |
| AIRO Group Holdings, Inc. \**(a)* | 29728 | 257147 |
| Alamo Group, Inc.  | 51824 | 8311015 |
| Albany International Corp., Class A  | 143151 | 6825440 |
| Allient, Inc.  | 71505 | 3851259 |
| Allison Transmission Holdings, Inc.  | 401861 | 35628996 |
| Ameresco, Inc., Class A \* | 146616 | 5089041 |
| American Superconductor Corp. \* | 216918 | 6743981 |
| American Woodmark Corp. \* | 69527 | 3833024 |
| Amprius Technologies, Inc. \* | 600626 | 6799086 |
| Apogee Enterprises, Inc.  | 102979 | 3749465 |
| Applied Industrial Technologies, Inc.  | 183277 | 47435753 |
| Archer Aviation, Inc., Class A \* | 2941911 | 22917487 |
| Arcosa, Inc.  | 236227 | 25167625 |
| Argan, Inc.  | 65735 | 25978472 |
| Armstrong World Industries, Inc.  | 208270 | 39517150 |
| Array Technologies, Inc. \* | 733381 | 5507691 |
| Astec Industries, Inc.  | 109609 | 4851294 |
| Astronics Corp. \* | 149062 | 8134313 |
| ATI, Inc. \* | 663502 | 66881002 |
| Atkore, Inc.  | 161550 | 10815773 |
| Atmus Filtration Technologies, Inc.  | 394999 | 19990899 |
| AZZ, Inc.  | 144212 | 15202829 |
| Blue Bird Corp. \* | 152294 | 7952793 |
| BlueLinx Holdings, Inc. \* | 37775 | 2356782 |
| Boise Cascade Co.  | 180250 | 13742260 |
| Bowman Consulting Group Ltd. \* | 68441 | 2476195 |
| Cadre Holdings, Inc.  | 138616 | 5916131 |
| CECO Environmental Corp. \* | 144606 | 7541203 |
| Centuri Holdings, Inc. \* | 387629 | 8717776 |
| ChargePoint Holdings, Inc. \**(a)* | 104707 | 857550 |
| Chart Industries, Inc. \* | 212699 | 43379961 |
| Columbus McKinnon Corp.  | 137971 | 2268243 |
| Construction Partners, Inc., Class A \* | 228568 | 24913912 |
| CSW Industrials, Inc.  | 80978 | 22015489 |
| Custom Truck One Source, Inc. \* | 290565 | 1856710 |
| Distribution Solutions Group, Inc. \* | 30945 | 859033 |
| DNOW, Inc. \* | 907040 | 12662278 |
| Douglas Dynamics, Inc.  | 110397 | 3566927 |
| Ducommun, Inc. \* | 66008 | 6052274 |
| DXP Enterprises, Inc. \* | 61060 | 5739029 |
| Dycom Industries, Inc. \* | 139263 | 50347752 |
| Energy Recovery, Inc. \* | 255083 | 3685949 |
| Energy Vault Holdings, Inc. \**(a)* | 519499 | 1787077 |
| Enerpac Tool Group Corp.  | 258932 | 9805755 |
| EnerSys  | 180143 | 25780265 |
| Enovix Corp. \* | 851658 | 6634416 |
| Enpro, Inc.  | 101137 | 22538380 |
| Eos Energy Enterprises, Inc. \* | 1248480 | 18789624 |
| Esab Corp.  | 274884 | 30852980 |
| ESCO Technologies, Inc.  | 124103 | 26422770 |
| Eve Holding, Inc. \**(a)* | 482760 | 1902074 |
| Everus Construction Group, Inc. \* | 245987 | 22620965 |
| Federal Signal Corp.  | 292868 | 33386952 |
| Firefly Aerospace, Inc. \* | 89557 | 1586054 |
| Flowserve Corp.  | 629591 | 44921318 |
| Fluence Energy, Inc. \* | 309055 | 6069840 |
| Fluor Corp. \* | 778901 | 33438220 |
| Franklin Electric Co., Inc.  | 183817 | 17490188 |

---

**56**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Gates Industrial Corp. PLC \* | 1241257 | 28251009 |
| GATX Corp.  | 171136 | 27369780 |
| Gibraltar Industries, Inc. \* | 142836 | 7136087 |
| Global Industrial Co.  | 66596 | 1907309 |
| Gorman-Rupp Co.  | 99737 | 4636773 |
| Graham Corp. \* | 49317 | 2835728 |
| Granite Construction, Inc.  | 210306 | 22614204 |
| Great Lakes Dredge & Dock Corp. \* | 327282 | 4179391 |
| Greenbrier Cos., Inc.  | 148001 | 6583084 |
| Griffon Corp.  | 188755 | 14156625 |
| Hayward Holdings, Inc. \* | 961143 | 15810802 |
| Helios Technologies, Inc.  | 159241 | 8597422 |
| Herc Holdings, Inc.  | 146898 | 19723994 |
| Hexcel Corp.  | 383483 | 29232909 |
| Hillenbrand, Inc.  | 337949 | 10760296 |
| Hillman Solutions Corp. \* | 948502 | 8299393 |
| Hyliion Holdings Corp. \* | 608476 | 1143935 |
| Hyster-Yale, Inc.  | 54966 | 1598411 |
| IES Holdings, Inc. \* | 42046 | 17599194 |
| Insteel Industries, Inc.  | 92967 | 2842931 |
| Intuitive Machines, Inc. \* | 531515 | 5049393 |
| Janus International Group, Inc. \* | 665943 | 4135506 |
| JBT Marel Corp.  | 250382 | 35186182 |
| JELD-WEN Holding, Inc. \* | 408379 | 1090372 |
| Kadant, Inc.  | 56547 | 15726852 |
| Karman Holdings, Inc. \* | 370059 | 24805055 |
| Kennametal, Inc.  | 367427 | 10170379 |
| Limbach Holdings, Inc. \* | 53270 | 3768853 |
| Lindsay Corp.  | 52182 | 5997277 |
| Loar Holdings, Inc. \* | 170968 | 11702760 |
| LSI Industries, Inc.  | 143774 | 2629626 |
| Manitowoc Co., Inc. \* | 170733 | 1925868 |
| Masterbrand, Inc. \* | 606636 | 6727593 |
| McGrath RentCorp  | 118348 | 12199312 |
| Mercury Systems, Inc. \* | 253404 | 17710406 |
| Microvast Holdings, Inc. \* | 951364 | 3348801 |
| Miller Industries, Inc.  | 54627 | 2116250 |
| Modine Manufacturing Co. \* | 252801 | 40986626 |
| Moog, Inc., Class A  | 136861 | 31434235 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc., <br> Class A <br>| 219530 | 19529389 |
| Mueller Industries, Inc.  | 532584 | 58515004 |
| Mueller Water Products, Inc., Class A  | 750845 | 18200483 |
| MYR Group, Inc. \* | 74567 | 16726869 |
| NANO Nuclear Energy, Inc. \**(a)* | 147814 | 4833518 |
| National Presto Industries, Inc.  | 25568 | 2399557 |
| Net Power, Inc. \**(a)* | 182250 | 528525 |
| Nextpower, Inc., Class A \* | 712321 | 65262850 |
| NPK International, Inc. \* | 405567 | 4992530 |
| NuScale Power Corp. \* | 628856 | 12577120 |
| Omega Flex, Inc.  | 17002 | 460754 |
| Oshkosh Corp.  | 308165 | 39500590 |
| Plug Power, Inc. \**(a)* | 5544713 | 11144873 |
| Powell Industries, Inc.  | 45259 | 14628614 |
| Power Solutions International, Inc. \* | 32089 | 1735373 |
| Preformed Line Products Co.  | 12653 | 2597028 |
| Primoris Services Corp.  | 260274 | 32940277 |
| Proto Labs, Inc. \* | 114559 | 5821888 |
| Quanex Building Products Corp.  | 218411 | 2830607 |
| Redwire Corp. \**(a)* | 268888 | 1481573 |
| Resideo Technologies, Inc. \* | 657564 | 21693036 |
| REV Group, Inc.  | 234425 | 12487820 |
| Rush Enterprises, Inc., Class A  | 335910 | 17487475 |
| Sensata Technologies Holding PLC  | 699529 | 22433895 |
| SES AI Corp. \* | 1260026 | 2482251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shoals Technologies Group, Inc., <br> Class A \*<br>| 803611 | 6742296 |
| Simpson Manufacturing Co., Inc.  | 200512 | 33561699 |
| SiteOne Landscape Supply, Inc. \* | 214551 | 28809908 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Southland Holdings, Inc. \* | 70914 | 225507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Spirit AeroSystems Holdings, Inc., <br> Class A \*<br>| 564104 | 20719540 |
| SPX Technologies, Inc. \* | 237679 | 51110492 |
| Standex International Corp.  | 57994 | 14217809 |
| Sterling Infrastructure, Inc. \* | 146416 | 50412493 |
| Sunrun, Inc. \* | 1108092 | 22438863 |
| Symbotic, Inc. \**(a)* | 219215 | 18363641 |
| Tecnoglass, Inc.  | 126127 | 6278602 |
| Tennant Co.  | 88517 | 6473248 |
| Terex Corp.  | 314898 | 14551437 |
| Thermon Group Holdings, Inc. \* | 160690 | 5640219 |
| Timken Co.  | 304894 | 24815323 |
| Titan International, Inc. \* | 229053 | 1853039 |
| Titan Machinery, Inc. \* | 96796 | 1792662 |
| Transcat, Inc. \* | 44727 | 2528865 |
| Trinity Industries, Inc.  | 390912 | 10366986 |
| Tutor Perini Corp. \* | 212840 | 14590182 |
| UFP Industries, Inc.  | 281735 | 26198538 |
| V2X, Inc. \* | 98936 | 5426640 |
| Valmont Industries, Inc.  | 95022 | 39241235 |
| Vicor Corp. \* | 109931 | 9822335 |
| Virgin Galactic Holdings, Inc. \**(a)* | 271966 | 1052508 |
| Voyager Technologies, Inc., Class A \* | 60999 | 1371258 |
| VSE Corp.  | 111084 | 20016226 |
| Wabash National Corp.  | 195031 | 1646062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Watts Water Technologies, Inc., <br> Class A <br>| 131761 | 36350225 |
| Willis Lease Finance Corp.  | 15169 | 1861388 |
| WillScot Holdings Corp.  | 877642 | 17333430 |
| Worthington Enterprises, Inc.  | 150661 | 8265262 |
| Xometry, Inc., Class A \* | 208571 | 12195146 |
| Zurn Elkay Water Solutions Corp.  | 718177 | 34257043 |
|  |  | **2399952674** |
| **Commercial & Professional Services 3.2%** | **Commercial & Professional Services 3.2%** | **Commercial & Professional Services 3.2%** |
| ABM Industries, Inc.  | 298896 | 12852528 |
| ACCO Brands Corp.  | 432855 | 1489021 |
| ACV Auctions, Inc., Class A \* | 825605 | 6480999 |
| Alight, Inc., Class A  | 2265402 | 5233079 |
| Amentum Holdings, Inc. \* | 736001 | 21071709 |
| Barrett Business Services, Inc.  | 123706 | 4340844 |
| BlackSky Technology, Inc. \* | 144540 | 2561249 |
| Brady Corp., Class A  | 210677 | 16483368 |
| BrightView Holdings, Inc. \* | 336516 | 4246832 |
| Brink's Co.  | 200295 | 22499137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Casella Waste Systems, Inc., <br> Class A \*<br>| 300452 | 28960568 |
| CBIZ, Inc. \* | 234430 | 11416741 |
| Cimpress PLC \* | 70591 | 4860190 |
| Clarivate PLC \* | 2176133 | 8182260 |
| Concentrix Corp.  | 214917 | 7782145 |
| Conduent, Inc. \* | 758688 | 1471855 |
| CoreCivic, Inc. \* | 514064 | 9278855 |
| CRA International, Inc.  | 31703 | 5590507 |
| CSG Systems International, Inc.  | 132095 | 10405123 |
| Deluxe Corp.  | 214897 | 4366707 |
| Ennis, Inc.  | 127583 | 2225048 |
| Enviri Corp. \* | 387024 | 7098020 |
| ExlService Holdings, Inc. \* | 776352 | 30844465 |
| Exponent, Inc.  | 243353 | 17594422 |
| First Advantage Corp. \* | 383717 | 5325992 |
| Forrester Research, Inc. \* | 58161 | 418178 |
| Franklin Covey Co. \* | 50587 | 795228 |
| FTI Consulting, Inc. \* | 152579 | 24893264 |
| GEO Group, Inc. \* | 666647 | 10506357 |
| Healthcare Services Group, Inc. \* | 347663 | 6529111 |

---

**57**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Heidrick & Struggles International, <br> Inc. <br>| 99598 | 5863334 |
| HNI Corp.  | 220082 | 9137805 |
| Huron Consulting Group, Inc. \* | 77226 | 12712172 |
| ICF International, Inc.  | 88508 | 6907164 |
| Innodata, Inc. \* | 153020 | 8794059 |
| Insperity, Inc.  | 171776 | 6075717 |
| Interface, Inc.  | 280202 | 7820438 |
| Kelly Services, Inc., Class A  | 152060 | 1313798 |
| Kforce, Inc.  | 80066 | 2353940 |
| Korn Ferry  | 251450 | 16537866 |
| Legalzoom.com, Inc. \* | 563981 | 5261943 |
| Liquidity Services, Inc. \* | 114311 | 3433902 |
| ManpowerGroup, Inc.  | 221912 | 6382189 |
| Maximus, Inc.  | 270795 | 23312742 |
| MillerKnoll, Inc.  | 324914 | 5143389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Montrose Environmental Group, <br> Inc. \*<br>| 158019 | 4053187 |
| MSA Safety, Inc.  | 176853 | 28526389 |
| OPENLANE, Inc. \* | 510649 | 12990911 |
| Pitney Bowes, Inc.  | 760035 | 7493945 |
| Planet Labs PBC \* | 1192976 | 14196414 |
| Resources Connection, Inc.  | 155601 | 752331 |
| Robert Half, Inc.  | 481985 | 13032874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Science Applications International <br> Corp. <br>| 225256 | 19419320 |
| Steelcase, Inc., Class A  | 506859 | 8256733 |
| TaskUS, Inc., Class A \* | 80412 | 922326 |
| TIC Solutions, Inc. \* | 790884 | 7687392 |
| TriNet Group, Inc.  | 144784 | 8484342 |
| TrueBlue, Inc. \**(b)* | 147063 | 720609 |
| TTEC Holdings, Inc. \* | 96980 | 325853 |
| UL Solutions, Inc., Class A  | 301516 | 27501274 |
| UniFirst Corp.  | 72047 | 12431710 |
| Upwork, Inc. \* | 636847 | 12571360 |
| Verra Mobility Corp. \* | 766671 | 16728761 |
| Vestis Corp.  | 539344 | 3494949 |
| Willdan Group, Inc. \* | 67001 | 6760401 |
|  |  | **623205341** |
| **Consumer Discretionary Distribution & Retail 3.3%** | **Consumer Discretionary Distribution & Retail 3.3%** | **Consumer Discretionary Distribution & Retail 3.3%** |
| 1-800-Flowers.com, Inc., Class A \**(a)* | 129035 | 440009 |
| Abercrombie & Fitch Co., Class A \* | 229615 | 22472420 |
| Academy Sports & Outdoors, Inc.  | 320624 | 15470108 |
| Advance Auto Parts, Inc.  | 288115 | 14947406 |
| A-Mark Precious Metals, Inc.  | 94821 | 2722311 |
| American Eagle Outfitters, Inc.  | 773855 | 15786642 |
| America's Car-Mart, Inc. \* | 38048 | 823739 |
| Arhaus, Inc. \* | 259243 | 2680573 |
| Arko Corp.  | 379865 | 1808157 |
| Asbury Automotive Group, Inc. \* | 94818 | 22051822 |
| AutoNation, Inc. \* | 136296 | 28797982 |
| BARK, Inc. \* | 588604 | 420793 |
| Bed Bath & Beyond, Inc. \* | 275160 | 1656463 |
| Boot Barn Holdings, Inc. \* | 147304 | 28550461 |
| Buckle, Inc.  | 144465 | 8159383 |
| Build-A-Bear Workshop, Inc.  | 58734 | 3118775 |
| Caleres, Inc.  | 162671 | 1904878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Camping World Holdings, Inc., <br> Class A <br>| 299766 | 3354382 |
| Chewy, Inc., Class A \* | 1073305 | 37318815 |
| Designer Brands, Inc., Class A  | 167280 | 725995 |
| Dillard's, Inc., Class A  | 14558 | 9754734 |
| Five Below, Inc. \* | 265090 | 43710690 |
| Gap, Inc.  | 1096809 | 29690620 |
| Genesco, Inc. \* | 47281 | 1695024 |
| GigaCloud Technology, Inc., Class A \* | 126793 | 4704020 |
| Group 1 Automotive, Inc.  | 61103 | 24504747 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Groupon, Inc. \* | 137466 | 2324550 |
| Guess?, Inc.  | 147822 | 2521843 |
| Haverty Furniture Cos., Inc.  | 66858 | 1591220 |
| Kohl's Corp.  | 537811 | 13224773 |
| Lands' End, Inc. \* | 58426 | 922547 |
| Macy's, Inc.  | 1308548 | 29259133 |
| MarineMax, Inc. \* | 90992 | 2127393 |
| Monro, Inc.  | 143311 | 2681349 |
| National Vision Holdings, Inc. \* | 380231 | 10969664 |
| ODP Corp. \* | 143798 | 4022030 |
| Ollie's Bargain Outlet Holdings, Inc. \* | 295481 | 36376666 |
| Outdoor Holding Co. \* | 512948 | 943824 |
| Petco Health & Wellness Co., Inc. \* | 438316 | 1402611 |
| RealReal, Inc. \* | 464486 | 6725757 |
| Revolve Group, Inc. \* | 193736 | 4682599 |
| RH \* | 73767 | 11624942 |
| Sally Beauty Holdings, Inc. \* | 474611 | 7527331 |
| Savers Value Village, Inc. \* | 178960 | 1630326 |
| Shoe Carnival, Inc.  | 84459 | 1395263 |
| Signet Jewelers Ltd.  | 197615 | 19793118 |
| Sleep Number Corp. \* | 109607 | 558996 |
| Sonic Automotive, Inc., Class A  | 71364 | 4498073 |
| Stitch Fix, Inc., Class A \* | 549841 | 2336824 |
| ThredUp, Inc., Class A \* | 461169 | 3467991 |
| Torrid Holdings, Inc. \**(a)* | 101220 | 131586 |
| Upbound Group, Inc.  | 250291 | 4485215 |
| Urban Outfitters, Inc. \* | 258268 | 19129911 |
| Valvoline, Inc. \* | 611466 | 19145001 |
| Victoria's Secret & Co. \* | 383343 | 15843566 |
| Warby Parker, Inc., Class A \* | 474949 | 9408740 |
| Wayfair, Inc., Class A \* | 505143 | 55969844 |
| Winmark Corp.  | 14138 | 5810859 |
| Zumiez, Inc. \* | 65994 | 1715844 |
|  |  | **631520338** |
| **Consumer Durables & Apparel 3.0%** | **Consumer Durables & Apparel 3.0%** | **Consumer Durables & Apparel 3.0%** |
| Acushnet Holdings Corp.  | 132772 | 11166125 |
| Beazer Homes USA, Inc. \* | 131209 | 3000750 |
| Brunswick Corp.  | 313838 | 20747830 |
| Capri Holdings Ltd. \* | 574882 | 14584756 |
| Carter's, Inc.  | 174533 | 5569348 |
| Cavco Industries, Inc. \* | 38132 | 22713326 |
| Century Communities, Inc.  | 124020 | 8097266 |
| Champion Homes, Inc. \* | 271479 | 23303757 |
| Columbia Sportswear Co.  | 123249 | 6619704 |
| Crocs, Inc. \* | 263415 | 22385007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dream Finders Homes, Inc., <br> Class A \*<br>| 138055 | 2729347 |
| Ethan Allen Interiors, Inc.  | 111410 | 2633732 |
| Figs, Inc., Class A \* | 743204 | 7275967 |
| Funko, Inc., Class A \* | 198763 | 628091 |
| G-III Apparel Group Ltd. \* | 182764 | 5327571 |
| GoPro, Inc., Class A \* | 630749 | 1028121 |
| Green Brick Partners, Inc. \* | 147593 | 10018613 |
| Helen of Troy Ltd. \* | 110500 | 2093975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hovnanian Enterprises, Inc., <br> Class A \*<br>| 21873 | 2878049 |
| Installed Building Products, Inc.  | 109943 | 29466923 |
| Johnson Outdoors, Inc., Class A  | 28692 | 1176085 |
| KB Home  | 327601 | 21074572 |
| Kontoor Brands, Inc.  | 245517 | 18254189 |
| Latham Group, Inc. \* | 224449 | 1604810 |
| La-Z-Boy, Inc.  | 198835 | 7738658 |
| Legacy Housing Corp. \* | 43182 | 860617 |
| Leggett & Platt, Inc.  | 647807 | 6646500 |
| Levi Strauss & Co., Class A  | 484039 | 10663379 |
| LGI Homes, Inc. \* | 97461 | 5069921 |
| M/I Homes, Inc. \* | 126745 | 17438845 |

---

**58**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Malibu Boats, Inc., Class A \* | 91831 | 2607082 |
| Mattel, Inc. \* | 1552195 | 32782358 |
| Meritage Homes Corp.  | 342776 | 25050070 |
| Movado Group, Inc.  | 74856 | 1567485 |
| Newell Brands, Inc.  | 2010733 | 7339176 |
| Oxford Industries, Inc.  | 67247 | 2566146 |
| Peloton Interactive, Inc., Class A \* | 1882228 | 12780328 |
| Polaris, Inc.  | 256461 | 17018752 |
| Purple Innovation, Inc. \* | 282460 | 223341 |
| PVH Corp.  | 230863 | 19567948 |
| Smith & Wesson Brands, Inc.  | 212213 | 1848375 |
| Sonos, Inc. \* | 580438 | 10772929 |
| Steven Madden Ltd.  | 348770 | 14571611 |
| Sturm Ruger & Co., Inc.  | 77802 | 2343396 |
| Taylor Morrison Home Corp. \* | 475203 | 29790476 |
| Topgolf Callaway Brands Corp. \* | 670234 | 8632614 |
| Traeger, Inc. \* | 313505 | 285603 |
| Tri Pointe Homes, Inc. \* | 422179 | 14404748 |
| Under Armour, Inc., Class A \* | 1477907 | 6827930 |
| VF Corp.  | 1581841 | 27682218 |
| Whirlpool Corp. *(a)* | 269227 | 20824709 |
| Wolverine World Wide, Inc.  | 390164 | 6324559 |
| YETI Holdings, Inc. \* | 390140 | 16183007 |
|  |  | **574790695** |
| **Consumer Services 3.5%** | **Consumer Services 3.5%** | **Consumer Services 3.5%** |
| Accel Entertainment, Inc. \* | 283995 | 2908109 |
| Adtalem Global Education, Inc. \* | 172693 | 15984464 |
| Bally's Corp. \**(a)* | 34185 | 596528 |
| Biglari Holdings, Inc., Class B \* | 4426 | 1300846 |
| BJ's Restaurants, Inc. \* | 105858 | 4059654 |
| Bloomin' Brands, Inc.  | 364646 | 2588987 |
| Boyd Gaming Corp.  | 285023 | 23742416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bright Horizons Family Solutions, <br> Inc. \*<br>| 273234 | 28077526 |
| Brinker International, Inc. \* | 214121 | 32929669 |
| Caesars Entertainment, Inc. \* | 1001237 | 23298785 |
| Carriage Services, Inc.  | 75458 | 3267331 |
| Cheesecake Factory, Inc.  | 219908 | 10480815 |
| Chegg, Inc. \* | 569581 | 550842 |
| Choice Hotels International, Inc.  | 99276 | 9059928 |
| Coursera, Inc. \* | 684199 | 5439382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cracker Barrel Old Country Store, <br> Inc. *(a)*<br>| 106838 | 3086550 |
| Dave & Buster's Entertainment, Inc. \* | 129870 | 2271426 |
| Denny's Corp. \* | 250889 | 1547985 |
| Dine Brands Global, Inc.  | 73096 | 2284250 |
| Driven Brands Holdings, Inc. \* | 283832 | 4146785 |
| Dutch Bros, Inc., Class A \* | 611623 | 35847224 |
| El Pollo Loco Holdings, Inc. \* | 125635 | 1370678 |
| European Wax Center, Inc., Class A \* | 136889 | 529760 |
| First Watch Restaurant Group, Inc. \* | 219227 | 4068853 |
| Frontdoor, Inc. \* | 350043 | 18877819 |
| Global Business Travel Group I \* | 530282 | 4088474 |
| Golden Entertainment, Inc.  | 94426 | 2834668 |
| Graham Holdings Co., Class B  | 16352 | 18093488 |
| Grand Canyon Education, Inc. \* | 133360 | 21036206 |
| H&R Block, Inc.  | 645293 | 27179741 |
| Hilton Grand Vacations, Inc. \* | 295983 | 12676952 |
| Hyatt Hotels Corp., Class A  | 203936 | 33525039 |
| Jack in the Box, Inc.  | 90966 | 1792940 |
| KinderCare Learning Cos., Inc. \* | 151188 | 601728 |
| Krispy Kreme, Inc.  | 453266 | 1894652 |
| Kura Sushi USA, Inc., Class A \* | 30464 | 1496696 |
| Laureate Education, Inc. \* | 644554 | 19916719 |
| Life Time Group Holdings, Inc. \* | 729286 | 20361665 |
| Lincoln Educational Services Corp. \* | 140774 | 2897129 |
| Lindblad Expeditions Holdings, Inc. \* | 180833 | 2175421 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Lucky Strike Entertainment Corp., <br> Class A *(a)*<br>| 73714 | 576443 |
| Marriott Vacations Worldwide Corp.  | 132799 | 7250825 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matthews International Corp., <br> Class A <br>| 147766 | 3626178 |
| McGraw Hill, Inc. \* | 118342 | 2076902 |
| Mister Car Wash, Inc. \* | 472496 | 2523129 |
| Monarch Casino & Resort, Inc.  | 59632 | 5759259 |
| OneSpaWorld Holdings Ltd.  | 492908 | 10065181 |
| Papa John's International, Inc.  | 157258 | 6615844 |
| Penn Entertainment, Inc. \* | 679396 | 10082237 |
| Perdoceo Education Corp.  | 293301 | 8200696 |
| Planet Fitness, Inc., Class A \* | 403966 | 45232073 |
| Portillo's, Inc., Class A \* | 343571 | 1793441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pursuit Attractions & Hospitality, <br> Inc. \*<br>| 102830 | 3530154 |
| RCI Hospitality Holdings, Inc.  | 40909 | 996543 |
| Red Rock Resorts, Inc., Class A  | 231101 | 13535586 |
| Rush Street Interactive, Inc. \* | 458866 | 8461489 |
| Sabre Corp. \* | 1898720 | 3056939 |
| Serve Robotics, Inc. \**(a)* | 229508 | 2354752 |
| Shake Shack, Inc., Class A \* | 193306 | 16910409 |
| Sharplink Gaming, Inc. \* | 811227 | 8615231 |
| Six Flags Entertainment Corp. \* | 485253 | 7366141 |
| Strategic Education, Inc.  | 113534 | 8857923 |
| Stride, Inc. \* | 206821 | 13139338 |
| Sweetgreen, Inc., Class A \* | 509751 | 3308284 |
| Target Hospitality Corp. \* | 153715 | 1198977 |
| Travel & Leisure Co.  | 312493 | 21430770 |
| Twin Hospitality Group, Inc. \* | 11772 | 19777 |
| Udemy, Inc. \* | 453311 | 2302820 |
| United Parks & Resorts, Inc. \* | 131844 | 4758250 |
| Universal Technical Institute, Inc. \* | 240383 | 5533617 |
| Vail Resorts, Inc.  | 178664 | 25050479 |
| Venu Holding Corp. \**(a)* | 138526 | 1401883 |
| Wendy's Co.  | 757466 | 6400588 |
| Xponential Fitness, Inc., Class A \* | 131552 | 873505 |
|  |  | **671793793** |
| **Consumer Staples Distribution & Retail 0.3%** | **Consumer Staples Distribution & Retail 0.3%** | **Consumer Staples Distribution & Retail 0.3%** |
| Andersons, Inc.  | 164286 | 8460729 |
| Chefs' Warehouse, Inc. \* | 174260 | 10685623 |
| Grocery Outlet Holding Corp. \* | 470956 | 5241740 |
| Ingles Markets, Inc., Class A  | 64904 | 4992416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Natural Grocers by Vitamin Cottage, <br> Inc. <br>| 50470 | 1400542 |
| PriceSmart, Inc.  | 121048 | 14901009 |
| United Natural Foods, Inc. \* | 290807 | 10850009 |
| Weis Markets, Inc.  | 45180 | 2935345 |
|  |  | **59467413** |
| **Energy 4.0%** | **Energy 4.0%** | **Energy 4.0%** |
| Antero Midstream Corp.  | 1614174 | 29071274 |
| Archrock, Inc.  | 845078 | 20738214 |
| Atlas Energy Solutions, Inc. *(a)* | 369778 | 3187486 |
| Berry Corp.  | 370486 | 1255948 |
| BKV Corp. \* | 85322 | 2355740 |
| Bristow Group, Inc. \* | 120758 | 4529633 |
| Cactus, Inc., Class A  | 331410 | 14224117 |
| California Resources Corp.  | 350037 | 16724768 |
| Calumet, Inc. \* | 308322 | 5950615 |
| Centrus Energy Corp., Class A \* | 84015 | 21785089 |
| Chord Energy Corp.  | 275177 | 25828113 |
| Civitas Resources, Inc.  | 400307 | 11757017 |
| Clean Energy Fuels Corp. \* | 828398 | 1805908 |
| CNX Resources Corp. \* | 679735 | 26400907 |
| Comstock Resources, Inc. \* | 380014 | 10207176 |

---

**59**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Core Laboratories, Inc.  | 225279 | 3401713 |
| Core Natural Resources, Inc.  | 247125 | 19770000 |
| Crescent Energy Co., Class A  | 900882 | 8495317 |
| CVR Energy, Inc. \* | 144800 | 4999944 |
| Delek U.S. Holdings, Inc.  | 288860 | 11170216 |
| DMC Global, Inc. \* | 85631 | 531768 |
| Dorian LPG Ltd.  | 176460 | 4372679 |
| Excelerate Energy, Inc., Class A  | 114708 | 3221001 |
| Expro Group Holdings NV \* | 493865 | 6889417 |
| Flowco Holdings, Inc., Class A  | 96635 | 1639896 |
| Granite Ridge Resources, Inc.  | 307120 | 1581668 |
| Green Plains, Inc. \* | 314227 | 3245965 |
| Gulfport Energy Corp. \* | 75197 | 16730581 |
| Helix Energy Solutions Group, Inc. \* | 654849 | 4361294 |
| Helmerich & Payne, Inc.  | 477546 | 13323533 |
| HighPeak Energy, Inc. *(a)* | 115403 | 774354 |
| Innovex International, Inc. \* | 185215 | 4078434 |
| International Seaways, Inc.  | 194441 | 10299540 |
| Kinetik Holdings, Inc. *(a)* | 209436 | 7263240 |
| Kodiak Gas Services, Inc.  | 358298 | 12612090 |
| Kosmos Energy Ltd. \* | 2287987 | 2562545 |
| Liberty Energy, Inc.  | 782493 | 13912726 |
| Magnolia Oil & Gas Corp., Class A  | 891805 | 20636368 |
| Matador Resources Co.  | 562666 | 23857038 |
| Murphy Oil Corp.  | 644906 | 20682135 |
| Nabors Industries Ltd. \* | 75811 | 3780695 |
| New Fortress Energy, Inc. \**(a)* | 567448 | 692287 |
| NextDecade Corp. \* | 666527 | 4072480 |
| Noble Corp. PLC  | 603077 | 18466218 |
| Northern Oil & Gas, Inc.  | 466116 | 10436337 |
| NOV, Inc.  | 1785333 | 27422715 |
| Oceaneering International, Inc. \* | 481328 | 11744403 |
| Par Pacific Holdings, Inc. \* | 244008 | 11138965 |
| Patterson-UTI Energy, Inc.  | 1693420 | 9838770 |
| PBF Energy, Inc., Class A  | 394402 | 13598981 |
| Peabody Energy Corp.  | 586686 | 15981327 |
| ProFrac Holding Corp., Class A \* | 116191 | 411316 |
| ProPetro Holding Corp. \* | 387164 | 3705159 |
| REX American Resources Corp. \* | 135942 | 4484727 |
| Riley Exploration Permian, Inc.  | 47958 | 1313570 |
| RPC, Inc.  | 435908 | 2319031 |
| Sable Offshore Corp. \* | 372824 | 1629241 |
| SandRidge Energy, Inc.  | 151928 | 2148262 |
| Seadrill Ltd. \* | 298744 | 9117667 |
| Select Water Solutions, Inc.  | 476389 | 4811529 |
| SM Energy Co.  | 551594 | 10507866 |
| Solaris Energy Infrastructure, Inc.  | 201532 | 9651367 |
| Talos Energy, Inc. \* | 623755 | 7148232 |
| TETRA Technologies, Inc. \* | 641543 | 4984789 |
| Tidewater, Inc. \* | 221101 | 11943876 |
| Transocean Ltd. \* | 4619703 | 20372890 |
| Uranium Energy Corp. \* | 2142637 | 26290156 |
| VAALCO Energy, Inc.  | 499227 | 1787233 |
| Valaris Ltd. \* | 318355 | 17958406 |
| Venture Global, Inc., Class A  | 2212404 | 16504534 |
| Viper Energy, Inc., Class A  | 810911 | 29622579 |
| Vital Energy, Inc. \* | 140172 | 2513284 |
| Vitesse Energy, Inc. *(a)* | 135152 | 2859816 |
| Weatherford International PLC  | 345223 | 25822680 |
| World Kinect Corp.  | 269814 | 6254288 |
|  |  | **767571143** |
| **Equity Real Estate Investment Trusts (REITs) 5.5%** | **Equity Real Estate Investment Trusts (REITs) 5.5%** | **Equity Real Estate Investment Trusts (REITs) 5.5%** |
| Acadia Realty Trust  | 628789 | 12934190 |
| Agree Realty Corp.  | 531830 | 40004253 |
| Alexander & Baldwin, Inc.  | 352850 | 5515046 |
| Alexander's, Inc.  | 10413 | 2206827 |
| American Assets Trust, Inc.  | 229506 | 4475367 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| American Healthcare REIT, Inc.  | 811413 | 41203552 |
| Americold Realty Trust, Inc.  | 1371271 | 14850865 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apartment Investment & <br> Management Co., Class A <br>| 626816 | 3579119 |
| Apple Hospitality REIT, Inc.  | 1063770 | 12648225 |
| Armada Hoffler Properties, Inc.  | 385008 | 2529503 |
| Brandywine Realty Trust  | 835985 | 2867429 |
| Brixmor Property Group, Inc.  | 1473578 | 38519329 |
| Broadstone Net Lease, Inc.  | 908874 | 15968916 |
| CareTrust REIT, Inc.  | 1060756 | 39810173 |
| CBL & Associates Properties, Inc.  | 76005 | 2540087 |
| Centerspace  | 80240 | 5356822 |
| Chatham Lodging Trust  | 241225 | 1635506 |
| City Office REIT, Inc.  | 198534 | 1352017 |
| Community Healthcare Trust, Inc.  | 126556 | 1971742 |
| COPT Defense Properties  | 541507 | 16640510 |
| Cousins Properties, Inc.  | 806772 | 20798582 |
| Curbline Properties Corp.  | 465891 | 11153431 |
| DiamondRock Hospitality Co.  | 990432 | 9022836 |
| Diversified Healthcare Trust  | 1042253 | 5034082 |
| Douglas Emmett, Inc.  | 803311 | 9792361 |
| Easterly Government Properties, Inc.  | 207198 | 4516916 |
| Elme Communities  | 422202 | 7329427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Empire State Realty Trust, Inc., <br> Class A <br>| 671193 | 4718487 |
| EPR Properties  | 365633 | 19111637 |
| Essential Properties Realty Trust, Inc.  | 952059 | 30142188 |
| First Industrial Realty Trust, Inc.  | 637663 | 36499830 |
| Four Corners Property Trust, Inc.  | 504740 | 12133950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Franklin Street Properties Corp., <br> Class C <br>| 399676 | 415663 |
| Getty Realty Corp.  | 249632 | 7107023 |
| Gladstone Commercial Corp.  | 224150 | 2479099 |
| Global Net Lease, Inc.  | 956407 | 7852101 |
| Healthcare Realty Trust, Inc.  | 1694050 | 30882532 |
| Highwoods Properties, Inc.  | 518678 | 14419248 |
| Hudson Pacific Properties, Inc. \* | 1813649 | 3591025 |
| Independence Realty Trust, Inc.  | 1120818 | 19222029 |
| Industrial Logistics Properties Trust  | 287376 | 1592063 |
| Innovative Industrial Properties, Inc.  | 134384 | 6645289 |
| InvenTrust Properties Corp.  | 375040 | 10703642 |
| JBG SMITH Properties  | 296332 | 5402132 |
| Kilroy Realty Corp.  | 522670 | 22417316 |
| Kite Realty Group Trust  | 1059355 | 24513475 |
| LTC Properties, Inc.  | 220531 | 8047176 |
| LXP Industrial Trust  | 283864 | 13767404 |
| Macerich Co.  | 1216601 | 21120193 |
| Medical Properties Trust, Inc. *(a)* | 2366153 | 13629041 |
| Millrose Properties, Inc.  | 741683 | 22591664 |
| National Health Investors, Inc.  | 228259 | 18142025 |
| National Storage Affiliates Trust  | 341427 | 10055025 |
| NETSTREIT Corp. *(a)* | 400578 | 7342595 |
| &nbsp;&nbsp;&nbsp;&nbsp; NexPoint Diversified Real Estate <br> Trust <br>| 194233 | 561333 |
| NexPoint Residential Trust, Inc.  | 105073 | 3342372 |
| One Liberty Properties, Inc.  | 78260 | 1630938 |
| Orion Properties, Inc.  | 262137 | 589808 |
| Outfront Media, Inc.  | 700789 | 16489565 |
| Paramount Group, Inc. \* | 887543 | 5848908 |
| Park Hotels & Resorts, Inc.  | 964960 | 10440867 |
| Peakstone Realty Trust  | 157473 | 2152656 |
| Pebblebrook Hotel Trust  | 567280 | 6432955 |
| Phillips Edison & Co., Inc.  | 603823 | 21435717 |
| Piedmont Realty Trust, Inc., Class A  | 594836 | 5198867 |
| Plymouth Industrial REIT, Inc.  | 213945 | 4693953 |
| PotlatchDeltic Corp.  | 341196 | 13729727 |
| Rayonier, Inc.  | 680861 | 15121923 |
| RLJ Lodging Trust  | 716316 | 5401023 |
| Ryman Hospitality Properties, Inc.  | 303544 | 28967204 |

---

**60**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Sabra Health Care REIT, Inc.  | 1151977 | 22475071 |
| Safehold, Inc.  | 219800 | 3048626 |
| Saul Centers, Inc.  | 60969 | 1896136 |
| Service Properties Trust *(b)* | 743696 | 1294031 |
| Sila Realty Trust, Inc.  | 265019 | 6339254 |
| SITE Centers Corp.  | 252502 | 1858415 |
| SL Green Realty Corp.  | 340974 | 16070105 |
| Smartstop Self Storage REIT, Inc.  | 148998 | 4869255 |
| STAG Industrial, Inc.  | 898844 | 35306592 |
| Summit Hotel Properties, Inc.  | 505018 | 2706896 |
| Sunstone Hotel Investors, Inc.  | 910994 | 8526904 |
| Tanger, Inc.  | 543541 | 18252107 |
| Terreno Realty Corp.  | 497646 | 31247192 |
| UMH Properties, Inc.  | 388406 | 5876583 |
| Universal Health Realty Income Trust  | 61358 | 2494203 |
| Urban Edge Properties  | 603584 | 11600884 |
| Veris Residential, Inc.  | 388605 | 5852391 |
| Vornado Realty Trust  | 774889 | 28531413 |
| Whitestone REIT  | 216082 | 2871730 |
| Xenia Hotels & Resorts, Inc.  | 458310 | 6407174 |
|  |  | **1068363743** |
| **Financial Services 6.5%** | **Financial Services 6.5%** | **Financial Services 6.5%** |
| Acadian Asset Management, Inc.  | 127333 | 5709612 |
| Adamas Trust, Inc.  | 401750 | 3061335 |
| Affiliated Managers Group, Inc.  | 136889 | 36799870 |
| Alerus Financial Corp.  | 122239 | 2633028 |
| ALT5 Sigma Corp. \**(a)* | 585694 | 1095248 |
| AlTi Global, Inc. \* | 213411 | 862180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate <br> Finance, Inc. <br>| 625472 | 6336031 |
| Arbor Realty Trust, Inc. *(a)* | 922608 | 8220437 |
| ARMOUR Residential REIT, Inc.  | 544878 | 9546263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, <br> Inc., Class A <br>| 339816 | 14095568 |
| Atlanticus Holdings Corp. \* | 26862 | 1583515 |
| B Riley Financial, Inc. \**(a)* | 87729 | 380744 |
| BGC Group, Inc., Class A  | 1752526 | 15246976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc., <br> Class A <br>| 765706 | 14908296 |
| Bread Financial Holdings, Inc.  | 225287 | 15258688 |
| BrightSpire Capital, Inc.  | 620725 | 3482267 |
| Cannae Holdings, Inc.  | 241927 | 3895025 |
| Cantaloupe, Inc. \* | 281390 | 3002431 |
| Cass Information Systems, Inc.  | 56632 | 2378544 |
| Chime Financial, Inc., Class A \* | 162551 | 3434703 |
| Chimera Investment Corp.  | 394552 | 5046320 |
| Claros Mortgage Trust, Inc. \* | 620864 | 2067477 |
| Cohen & Steers, Inc.  | 132175 | 8360069 |
| Credit Acceptance Corp. \* | 30265 | 13981522 |
| Dave, Inc. \* | 52915 | 11549228 |
| Diamond Hill Investment Group, Inc.  | 12064 | 1423552 |
| DigitalBridge Group, Inc.  | 801617 | 7783701 |
| Donnelley Financial Solutions, Inc. \* | 132428 | 6496918 |
| Dynex Capital, Inc.  | 623964 | 8741736 |
| Ellington Financial, Inc.  | 481844 | 6601263 |
| Enact Holdings, Inc.  | 141754 | 5487297 |
| Encore Capital Group, Inc. \* | 110276 | 5722222 |
| Enova International, Inc. \* | 120648 | 15815746 |
| Essent Group Ltd.  | 474828 | 29800205 |
| Euronet Worldwide, Inc. \* | 194055 | 14377535 |
| EVERTEC, Inc.  | 307254 | 8879641 |
| EZCORP, Inc., Class A \* | 278008 | 5359994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Federal Agricultural Mortgage Corp., <br> Class C <br>| 47859 | 8220262 |
| Federated Hermes, Inc.  | 355689 | 17844917 |
| FirstCash Holdings, Inc.  | 188041 | 29787575 |
| Flywire Corp. \* | 525932 | 7357789 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Forge Global Holdings, Inc. \* | 43232 | 1917772 |
| Franklin BSP Realty Trust, Inc.  | 393786 | 4103250 |
| Galaxy Digital, Inc., Class A \* | 827954 | 22015297 |
| GCM Grosvenor, Inc., Class A  | 254416 | 2793488 |
| Granite Point Mortgage Trust, Inc.  | 247314 | 694952 |
| Green Dot Corp., Class A \* | 244101 | 3068350 |
| &nbsp;&nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure <br> Capital, Inc. <br>| 597702 | 20537041 |
| Hamilton Lane, Inc., Class A  | 194404 | 24093460 |
| Innventure, Inc. \**(a)* | 146686 | 843444 |
| International Money Express, Inc. \* | 145039 | 2210394 |
| Invesco Mortgage Capital, Inc.  | 318494 | 2611651 |
| Jackson Financial, Inc., Class A  | 334763 | 32810122 |
| Janus Henderson Group PLC  | 600037 | 26227617 |
| Jefferson Capital, Inc. *(a)* | 50613 | 1061355 |
| KKR Real Estate Finance Trust, Inc.  | 268987 | 2283700 |
| Ladder Capital Corp.  | 528709 | 5842234 |
| Lazard, Inc., Class A  | 542283 | 27385291 |
| LendingClub Corp. \* | 550680 | 9967308 |
| LendingTree, Inc. \* | 53673 | 3060971 |
| Marqeta, Inc., Class A \* | 1872314 | 8968384 |
| Merchants Bancorp  | 141396 | 4622235 |
| MFA Financial, Inc.  | 499696 | 4807075 |
| MGIC Investment Corp.  | 1110522 | 31483299 |
| Miami International Holdings, Inc. \* | 72174 | 3291856 |
| Moelis & Co., Class A  | 356368 | 22868135 |
| Navient Corp.  | 333054 | 4129870 |
| NCR Atleos Corp. \* | 353426 | 13101502 |
| Nelnet, Inc., Class A  | 67301 | 8697981 |
| NerdWallet, Inc., Class A \* | 182258 | 2735693 |
| NewtekOne, Inc.  | 119178 | 1272821 |
| NMI Holdings, Inc., Class A \* | 372757 | 14220680 |
| OneMain Holdings, Inc.  | 571256 | 35435010 |
| Open Lending Corp., Class A \* | 489676 | 935281 |
| Oppenheimer Holdings, Inc., Class A  | 28882 | 1964842 |
| Orchid Island Capital, Inc. *(a)* | 648937 | 4691814 |
| P10, Inc., Class A  | 299871 | 2812790 |
| Paymentus Holdings, Inc., Class A \* | 198193 | 6881261 |
| Payoneer Global, Inc. \* | 1399714 | 8090347 |
| PennyMac Financial Services, Inc.  | 139195 | 18731471 |
| &nbsp;&nbsp;&nbsp;&nbsp; PennyMac Mortgage Investment <br> Trust <br>| 423318 | 5435403 |
| Perella Weinberg Partners, Class A  | 299654 | 5471682 |
| Piper Sandler Cos.  | 79966 | 26860579 |
| PJT Partners, Inc., Class A  | 116798 | 19623232 |
| PRA Group, Inc. \* | 187172 | 3032186 |
| Priority Technology Holdings, Inc. \* | 129284 | 756311 |
| PROG Holdings, Inc.  | 189624 | 5457379 |
| Radian Group, Inc.  | 651034 | 23144259 |
| Ready Capital Corp.  | 735649 | 1861192 |
| Redwood Trust, Inc.  | 619167 | 3411610 |
| Remitly Global, Inc. \* | 811680 | 10994206 |
| Repay Holdings Corp. \* | 322910 | 1072061 |
| Rithm Capital Corp.  | 2548242 | 29279301 |
| Rocket Cos., Inc., Class A  | 4614348 | 92194673 |
| Sezzle, Inc. \* | 81660 | 5042505 |
| Shift4 Payments, Inc., Class A \**(a)* | 324108 | 23912688 |
| SLM Corp.  | 1002417 | 29370818 |
| StepStone Group, Inc., Class A  | 347186 | 21928268 |
| StoneX Group, Inc. \* | 223076 | 20212916 |
| Sui Group Holdings Ltd. \* | 158778 | 317556 |
| TPG RE Finance Trust, Inc.  | 384695 | 3496878 |
| TPG, Inc.  | 597792 | 35317551 |
| Two Harbors Investment Corp.  | 499209 | 5061979 |
| Upstart Holdings, Inc. \* | 406834 | 18291257 |
| UWM Holdings Corp.  | 985763 | 5766714 |
| Velocity Financial, Inc. \* | 45828 | 885855 |
| Victory Capital Holdings, Inc., Class A  | 237300 | 14923797 |
| Virtu Financial, Inc., Class A  | 381966 | 13659104 |

---

**61**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Virtus Investment Partners, Inc.  | 30404 | 4852174 |
| Walker & Dunlop, Inc.  | 163821 | 10589389 |
| Waterstone Financial, Inc.  | 71430 | 1118594 |
| Western Union Co.  | 1550443 | 13628394 |
| WEX, Inc. \* | 164801 | 24449876 |
| WisdomTree, Inc.  | 577598 | 6376682 |
| World Acceptance Corp. \* | 15029 | 2324385 |
|  |  | **1256027228** |
| **Food, Beverage & Tobacco 1.3%** | **Food, Beverage & Tobacco 1.3%** | **Food, Beverage & Tobacco 1.3%** |
| B&G Foods, Inc.  | 385112 | 1775366 |
| Beyond Meat, Inc. \**(a)* | 378706 | 371814 |
| Boston Beer Co., Inc., Class A \* | 37983 | 7399088 |
| BRC, Inc., Class A \* | 456326 | 579534 |
| Calavo Growers, Inc.  | 79893 | 1637008 |
| Cal-Maine Foods, Inc.  | 219289 | 18271160 |
| Darling Ingredients, Inc. \* | 762382 | 27910805 |
| Flowers Foods, Inc.  | 1016419 | 10906176 |
| Fresh Del Monte Produce, Inc.  | 158794 | 5738815 |
| Freshpet, Inc. \* | 234014 | 13376240 |
| Hain Celestial Group, Inc. \* | 444303 | 488733 |
| Ingredion, Inc.  | 308347 | 33159636 |
| J&J Snack Foods Corp.  | 74639 | 6892912 |
| John B Sanfilippo & Son, Inc.  | 43857 | 3185334 |
| Marzetti Co.  | 98416 | 16429567 |
| MGP Ingredients, Inc.  | 69834 | 1592914 |
| Mission Produce, Inc. \* | 202663 | 2436009 |
| National Beverage Corp. \* | 111818 | 3808521 |
| Post Holdings, Inc. \* | 229549 | 23879982 |
| Seaboard Corp.  | 1257 | 5882220 |
| Seneca Foods Corp., Class A \* | 24926 | 3014800 |
| Simply Good Foods Co. \* | 443826 | 8734496 |
| SunOpta, Inc. \* | 455135 | 1711308 |
| Tootsie Roll Industries, Inc.  | 94173 | 3612476 |
| TreeHouse Foods, Inc. \* | 215693 | 5152906 |
| Turning Point Brands, Inc.  | 86507 | 8664541 |
| Universal Corp.  | 120221 | 6342860 |
| Utz Brands, Inc.  | 373470 | 3618924 |
| Vita Coco Co., Inc. \* | 210171 | 11225233 |
| Vital Farms, Inc. \* | 178112 | 5824262 |
| Westrock Coffee Co. \**(a)* | 179820 | 782217 |
|  |  | **244405857** |
| **Health Care Equipment & Services 5.5%** | **Health Care Equipment & Services 5.5%** | **Health Care Equipment & Services 5.5%** |
| Acadia Healthcare Co., Inc. \* | 443140 | 7622008 |
| AdaptHealth Corp. \* | 513663 | 4961985 |
| Addus HomeCare Corp. \* | 87275 | 10490455 |
| agilon health, Inc. \* | 1550227 | 1009353 |
| AirSculpt Technologies, Inc. \**(a)* | 78228 | 276145 |
| Alignment Healthcare, Inc. \* | 694385 | 13339136 |
| Alphatec Holdings, Inc. \* | 547106 | 12337240 |
| AMN Healthcare Services, Inc. \* | 184106 | 3065365 |
| AngioDynamics, Inc. \* | 194836 | 2415966 |
| Ardent Health, Inc. \* | 115777 | 1016522 |
| Artivion, Inc. \* | 199434 | 9305590 |
| Astrana Health, Inc. \* | 206695 | 4762253 |
| AtriCure, Inc. \* | 238762 | 8624083 |
| Avanos Medical, Inc. \* | 222877 | 2616576 |
| Aveanna Healthcare Holdings, Inc. \* | 340230 | 3177748 |
| Axogen, Inc. \* | 220860 | 6327639 |
| Beta Bionics, Inc. \* | 189928 | 5952344 |
| Bioventus, Inc., Class A \* | 229983 | 1745571 |
| BrightSpring Health Services, Inc. \* | 533726 | 19299532 |
| Brookdale Senior Living, Inc. \* | 1147682 | 12773701 |
| Butterfly Network, Inc. \* | 986866 | 3059285 |
| Castle Biosciences, Inc. \* | 139204 | 5561200 |
| Ceribell, Inc. \* | 99306 | 1685223 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Certara, Inc. \* | 578465 | 5298739 |
| Cerus Corp. \* | 922653 | 1623869 |
| Claritev Corp. \* | 36292 | 1962308 |
| Clover Health Investments Corp. \* | 1895712 | 4720323 |
| Community Health Systems, Inc. \* | 549376 | 1900841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Concentra Group Holdings Parent, <br> Inc. <br>| 572113 | 11762643 |
| CONMED Corp.  | 148457 | 6446003 |
| CorVel Corp. \* | 150333 | 11001369 |
| Cross Country Healthcare, Inc. \* | 148316 | 1521722 |
| Definitive Healthcare Corp. \* | 202618 | 575435 |
| Dentsply Sirona, Inc.  | 957923 | 10862847 |
| DocGo, Inc. \* | 438652 | 451812 |
| Doximity, Inc., Class A \* | 656835 | 33787592 |
| Embecta Corp.  | 280717 | 3580545 |
| Enovis Corp. \* | 274736 | 8316259 |
| Ensign Group, Inc.  | 275735 | 51159872 |
| Envista Holdings Corp. \* | 800951 | 16739876 |
| Evolent Health, Inc., Class A \* | 563334 | 2366003 |
| Fulgent Genetics, Inc. \* | 97252 | 2876714 |
| GeneDx Holdings Corp. \* | 102148 | 17053609 |
| Glaukos Corp. \* | 276371 | 29375474 |
| Globus Medical, Inc., Class A \* | 542070 | 49350053 |
| GoodRx Holdings, Inc., Class A \* | 422301 | 1186666 |
| Guardant Health, Inc. \* | 599988 | 65050699 |
| Haemonetics Corp. \* | 231355 | 18820729 |
| Health Catalyst, Inc. \* | 348710 | 1042643 |
| HealthEquity, Inc. \* | 416301 | 43786539 |
| HealthStream, Inc.  | 114166 | 2871275 |
| HeartFlow, Inc. \* | 81333 | 2622989 |
| Hims & Hers Health, Inc. \* | 995106 | 39565415 |
| Hinge Health, Inc., Class A \* | 71790 | 3511249 |
| ICU Medical, Inc. \* | 118659 | 17613742 |
| Innovage Holding Corp. \* | 106082 | 560113 |
| Inspire Medical Systems, Inc. \* | 129256 | 16080739 |
| Integer Holdings Corp. \* | 168286 | 12146884 |
| Integra LifeSciences Holdings Corp. \* | 321519 | 4218329 |
| iRadimed Corp.  | 38668 | 3604631 |
| iRhythm Technologies, Inc. \* | 154813 | 29106392 |
| Kestra Medical Technologies Ltd. \* | 60439 | 1630644 |
| Kindly MD, Inc. \* | 1798612 | 899306 |
| Lantheus Holdings, Inc. \* | 328080 | 19314070 |
| LeMaitre Vascular, Inc.  | 100115 | 8304539 |
| LifeStance Health Group, Inc. \* | 838584 | 5450796 |
| LivaNova PLC \* | 262199 | 16730918 |
| Merit Medical Systems, Inc. \* | 284538 | 24638145 |
| National HealthCare Corp.  | 59618 | 8125337 |
| National Research Corp.  | 64851 | 1101819 |
| Neogen Corp. \* | 1041060 | 6225539 |
| NeoGenomics, Inc. \* | 619527 | 7496277 |
| Novocure Ltd. \* | 488299 | 6255110 |
| Omada Health, Inc. \**(a)* | 38432 | 719831 |
| OmniAb, Inc., Class A \**(c)* | 25234 | 0 |
| OmniAb, Inc., Class B \**(c)* | 25234 | 0 |
| Omnicell, Inc. \* | 220444 | 8048410 |
| OPKO Health, Inc. \* | 2128522 | 2894790 |
| Option Care Health, Inc. \* | 782667 | 24340944 |
| OraSure Technologies, Inc. \* | 352004 | 837770 |
| Orchestra BioMed Holdings, Inc. \* | 179232 | 953514 |
| Orthofix Medical, Inc. \* | 190093 | 3058596 |
| OrthoPediatrics Corp. \* | 80858 | 1495064 |
| Owens & Minor, Inc. \* | 354131 | 963236 |
| PACS Group, Inc. \* | 207917 | 6946507 |
| Pediatrix Medical Group, Inc. \* | 409953 | 9875768 |
| Pennant Group, Inc. \* | 166006 | 4598366 |
| Phreesia, Inc. \* | 271338 | 5559716 |
| Privia Health Group, Inc. \* | 553763 | 13495204 |
| PROCEPT BioRobotics Corp. \* | 267173 | 8464041 |
| Progyny, Inc. \* | 384712 | 10144855 |

---

**62**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Pulse Biosciences, Inc. \**(a)* | 87163 | 1193262 |
| QuidelOrtho Corp. \* | 325806 | 8910794 |
| RadNet, Inc. \* | 333656 | 27623380 |
| RxSight, Inc. \* | 171906 | 1963167 |
| Schrodinger, Inc. \* | 269081 | 4725062 |
| Select Medical Holdings Corp.  | 533262 | 8260228 |
| Semler Scientific, Inc. \* | 62324 | 1353677 |
| Senseonics Holdings, Inc. \**(a)* | 180394 | 1114835 |
| SI-BONE, Inc. \* | 184184 | 3584221 |
| Sight Sciences, Inc. \* | 164365 | 1374091 |
| Simulations Plus, Inc. \* | 81834 | 1391178 |
| STAAR Surgical Co. \* | 237935 | 6314795 |
| Surgery Partners, Inc. \* | 360238 | 6149263 |
| Tandem Diabetes Care, Inc. \* | 324068 | 6808669 |
| Teladoc Health, Inc. \* | 847115 | 6429603 |
| Teleflex, Inc.  | 212547 | 24319628 |
| TransMedics Group, Inc. \* | 163750 | 23958263 |
| Treace Medical Concepts, Inc. \* | 231102 | 688684 |
| TruBridge, Inc. \* | 47593 | 1045142 |
| U.S. Physical Therapy, Inc.  | 72931 | 5385954 |
| UFP Technologies, Inc. \* | 37232 | 8440122 |
| Varex Imaging Corp. \* | 198792 | 2300023 |
| Waystar Holding Corp. \* | 552475 | 20391852 |
|  |  | **1058242867** |
| **Household & Personal Products 0.6%** | **Household & Personal Products 0.6%** | **Household & Personal Products 0.6%** |
| Beauty Health Co. \* | 412759 | 610883 |
| BellRing Brands, Inc. \* | 605243 | 18695956 |
| Central Garden & Pet Co. \* | 39117 | 1336237 |
| Central Garden & Pet Co., Class A \* | 249584 | 7722129 |
| Coty, Inc., Class A \* | 1775818 | 5895716 |
| Edgewell Personal Care Co.  | 221641 | 3958508 |
| elf Beauty, Inc. \* | 284961 | 21705479 |
| Energizer Holdings, Inc.  | 291724 | 5318129 |
| Herbalife Ltd. \* | 494696 | 6297480 |
| Interparfums, Inc.  | 87882 | 7142170 |
| Medifast, Inc. \**(b)* | 51145 | 561061 |
| Nu Skin Enterprises, Inc., Class A  | 237014 | 2344068 |
| Oil-Dri Corp. of America  | 49780 | 2709525 |
| Olaplex Holdings, Inc. \* | 615156 | 701278 |
| Reynolds Consumer Products, Inc.  | 264305 | 6602339 |
| Spectrum Brands Holdings, Inc.  | 117217 | 6956829 |
| USANA Health Sciences, Inc. \* | 51983 | 1031863 |
| WD-40 Co.  | 65007 | 12728371 |
|  |  | **112318021** |
| **Insurance 3.0%** | **Insurance 3.0%** | **Insurance 3.0%** |
| Abacus Global Management, Inc. \* | 153748 | 1019349 |
| &nbsp;&nbsp;&nbsp;&nbsp; American Integrity Insurance Group, <br> Inc. \*<br>| 33417 | 706435 |
| AMERISAFE, Inc.  | 91046 | 3714677 |
| Assured Guaranty Ltd.  | 215000 | 19466100 |
| Ategrity Specialty Holdings LLC \**(a)* | 31789 | 604945 |
| Axis Capital Holdings Ltd.  | 376571 | 38500619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Baldwin Insurance Group, Inc., <br> Class A \*<br>| 342418 | 9762337 |
| Bowhead Specialty Holdings, Inc. \* | 81285 | 2263787 |
| Brighthouse Financial, Inc. \* | 275693 | 18071676 |
| CNO Financial Group, Inc.  | 465942 | 19071006 |
| Donegal Group, Inc., Class A  | 80954 | 1629604 |
| Donegal Group, Inc., Class B  | 4332 | 74467 |
| Employers Holdings, Inc.  | 112662 | 4489581 |
| F&G Annuities & Life, Inc.  | 103766 | 3352680 |
| First American Financial Corp.  | 489186 | 32168871 |
| Genworth Financial, Inc., Class A \* | 1970796 | 17106509 |
| Goosehead Insurance, Inc., Class A  | 121728 | 8709638 |
| Hagerty, Inc., Class A \* | 175748 | 2347993 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Hanover Insurance Group, Inc.  | 172018 | 31917940 |
| HCI Group, Inc.  | 51684 | 9186831 |
| Heritage Insurance Holdings, Inc. \* | 106963 | 3107275 |
| Hippo Holdings, Inc. \* | 99701 | 3268199 |
| Horace Mann Educators Corp.  | 195486 | 8949349 |
| James River Group Holdings, Inc.  | 219925 | 1295358 |
| Kemper Corp.  | 303080 | 12341418 |
| Lemonade, Inc. \* | 302984 | 23669110 |
| Lincoln National Corp.  | 812919 | 33443488 |
| MBIA, Inc. \* | 224011 | 1691283 |
| Mercury General Corp.  | 127771 | 11898036 |
| Octave Specialty Group, Inc. \* | 223388 | 2008258 |
| Oscar Health, Inc., Class A \* | 1006422 | 18085403 |
| Palomar Holdings, Inc. \* | 128714 | 15987566 |
| Primerica, Inc.  | 155955 | 40130341 |
| ProAssurance Corp. \* | 246816 | 5943329 |
| RLI Corp.  | 441512 | 27223630 |
| Root, Inc., Class A \* | 65463 | 5295302 |
| Ryan Specialty Holdings, Inc.  | 541530 | 31446647 |
| Safety Insurance Group, Inc.  | 71380 | 5426308 |
| Selective Insurance Group, Inc.  | 292363 | 22968037 |
| Selectquote, Inc. \* | 680658 | 986954 |
| SiriusPoint Ltd. \* | 498661 | 10372149 |
| &nbsp;&nbsp;&nbsp;&nbsp; Skyward Specialty Insurance Group, <br> Inc. \*<br>| 180793 | 8851625 |
| Slide Insurance Holdings, Inc. \* | 117105 | 1977904 |
| Stewart Information Services Corp.  | 134541 | 10309877 |
| Tiptree, Inc.  | 111938 | 2102196 |
| Trupanion, Inc. \* | 161052 | 5683525 |
| United Fire Group, Inc.  | 105607 | 3859936 |
| Universal Insurance Holdings, Inc.  | 121964 | 4040667 |
| &nbsp;&nbsp;&nbsp;&nbsp; White Mountains Insurance Group <br> Ltd. <br>| 12262 | 24821354 |
|  |  | **571349569** |
| **Materials 4.2%** | **Materials 4.2%** | **Materials 4.2%** |
| AdvanSix, Inc.  | 127782 | 1966565 |
| Alpha Metallurgical Resources, Inc. \* | 52743 | 8397213 |
| Ashland, Inc.  | 219518 | 11612502 |
| ASP Isotopes, Inc. \* | 465439 | 2895031 |
| Aspen Aerogels, Inc. \* | 333046 | 1072408 |
| Avient Corp.  | 441703 | 13511695 |
| Balchem Corp.  | 155926 | 24357200 |
| Cabot Corp.  | 256334 | 16038818 |
| Celanese Corp.  | 526058 | 21910316 |
| Century Aluminum Co. \* | 255101 | 7645377 |
| Chemours Co.  | 718250 | 9186417 |
| Clearwater Paper Corp. \* | 77592 | 1411398 |
| Cleveland-Cliffs, Inc. \* | 2744547 | 35788893 |
| Coeur Mining, Inc. \* | 3095181 | 53453776 |
| Commercial Metals Co.  | 537993 | 34313194 |
| &nbsp;&nbsp;&nbsp;&nbsp; Compass Minerals International, <br> Inc. \*<br>| 165698 | 3146605 |
| Eagle Materials, Inc.  | 156334 | 34975042 |
| Ecovyst, Inc. \* | 547652 | 5038398 |
| Element Solutions, Inc.  | 1091812 | 28299767 |
| FMC Corp.  | 599980 | 8573714 |
| Graphic Packaging Holding Co.  | 1425267 | 23060820 |
| Greif, Inc., Class A  | 149350 | 9801840 |
| Hawkins, Inc.  | 100344 | 13046727 |
| HB Fuller Co.  | 260147 | 15161367 |
| Hecla Mining Co.  | 3180760 | 53500383 |
| Huntsman Corp.  | 784316 | 8172573 |
| Ingevity Corp. \* | 174982 | 9139310 |
| Innospec, Inc.  | 119347 | 8922382 |
| Ivanhoe Electric, Inc. \* | 507226 | 7258404 |
| Kaiser Aluminum Corp.  | 77678 | 7460972 |
| Knife River Corp. \* | 272228 | 20373544 |

---

**63**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Koppers Holdings, Inc.  | 93942 | 2787259 |
| Kronos Worldwide, Inc.  | 110190 | 558663 |
| Louisiana-Pacific Corp.  | 304753 | 24992794 |
| LSB Industries, Inc. \* | 256797 | 2293197 |
| Materion Corp.  | 99465 | 12153628 |
| Mativ Holdings, Inc.  | 263189 | 3287231 |
| McEwen, Inc. \* | 217313 | 4044195 |
| Mercer International, Inc.  | 220318 | 398776 |
| Metallus, Inc. \* | 171769 | 2904614 |
| Minerals Technologies, Inc.  | 150450 | 8823892 |
| Myers Industries, Inc.  | 179052 | 3233679 |
| NewMarket Corp.  | 37572 | 28687349 |
| O-I Glass, Inc. \* | 745639 | 10051214 |
| Olin Corp.  | 553774 | 11684631 |
| Orion SA  | 270248 | 1372860 |
| Perimeter Solutions, Inc. \* | 668190 | 18629137 |
| PureCycle Technologies, Inc. \* | 683232 | 6012442 |
| Quaker Chemical Corp.  | 65974 | 9094516 |
| Ramaco Resources, Inc., Class A \* | 214529 | 3365960 |
| Ranpak Holdings Corp. \* | 200678 | 991349 |
| Ryerson Holding Corp.  | 130878 | 3001033 |
| Scotts Miracle-Gro Co.  | 214669 | 12154559 |
| Sealed Air Corp.  | 708749 | 30440770 |
| Sensient Technologies Corp.  | 204863 | 19972094 |
| Silgan Holdings, Inc.  | 428669 | 16992439 |
| Sonoco Products Co.  | 473882 | 19983604 |
| Stepan Co.  | 103247 | 4680187 |
| SunCoke Energy, Inc.  | 407510 | 2656965 |
| Sylvamo Corp.  | 162867 | 7715010 |
| TriMas Corp.  | 154142 | 5251618 |
| Tronox Holdings PLC  | 572271 | 2369202 |
| U.S. Lime & Minerals, Inc.  | 50783 | 6173689 |
| USA Rare Earth, Inc. \**(a)* | 280085 | 3767143 |
| Valhi, Inc.  | 10863 | 137743 |
| Warrior Met Coal, Inc.  | 252549 | 19772061 |
| Worthington Steel, Inc.  | 156097 | 5268274 |
|  |  | **815196428** |
| **Media & Entertainment 2.3%** | **Media & Entertainment 2.3%** | **Media & Entertainment 2.3%** |
| Advantage Solutions, Inc. \* | 506985 | 481433 |
| &nbsp;&nbsp;&nbsp;&nbsp; AMC Entertainment Holdings, Inc., <br> Class A \*<br>| 2459850 | 6026632 |
| AMC Networks, Inc., Class A \* | 151705 | 1353209 |
| Angi, Inc. \* | 176265 | 2012946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlanta Braves Holdings, Inc., <br> Class C \*<br>| 274373 | 10920045 |
| Bumble, Inc., Class A \* | 348688 | 1237842 |
| Cable One, Inc.  | 22174 | 2598571 |
| Cargurus, Inc. \* | 408394 | 14408140 |
| Cars.com, Inc. \* | 273935 | 3177646 |
| Cinemark Holdings, Inc.  | 491683 | 13462281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clear Channel Outdoor Holdings, <br> Inc. \*<br>| 1555224 | 3094896 |
| DoubleVerify Holdings, Inc. \* | 651829 | 6870278 |
| EchoStar Corp., Class A \* | 646989 | 47417824 |
| Emerald Holding, Inc.  | 66795 | 244470 |
| Eventbrite, Inc., Class A \* | 393134 | 978904 |
| EverQuote, Inc., Class A \* | 134301 | 3544203 |
| EW Scripps Co., Class A \**(b)* | 326928 | 1382905 |
| fuboTV, Inc. \* | 1644064 | 4997955 |
| Getty Images Holdings, Inc. \**(a)* | 179695 | 276730 |
| Gray Media, Inc.  | 412933 | 2031630 |
| Grindr, Inc. \* | 221136 | 2837175 |
| IAC, Inc. \* | 326977 | 11467083 |
| Ibotta, Inc., Class A \* | 68916 | 1644336 |
| iHeartMedia, Inc., Class A \* | 578654 | 2274110 |
| Integral Ad Science Holding Corp. \* | 373501 | 3839590 |
| John Wiley & Sons, Inc., Class A  | 200573 | 7292834 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Live, <br> Class C \*<br>| 336187 | 26629372 |
| Lionsgate Studios Corp. \* | 1097736 | 8189111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Square Garden <br> Entertainment Corp. \*<br>| 194861 | 9639774 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Square Garden Sports <br> Corp. \*<br>| 86193 | 19654590 |
| Magnite, Inc. \* | 688815 | 10118692 |
| MediaAlpha, Inc., Class A \* | 157430 | 2008807 |
| MNTN, Inc., Class A \**(a)* | 51406 | 701692 |
| National CineMedia, Inc.  | 451063 | 1944082 |
| New York Times Co., Class A  | 779556 | 50281362 |
| Nexstar Media Group, Inc.  | 137041 | 26331058 |
| Nextdoor Holdings, Inc. \* | 1098343 | 1922100 |
| NIQ Global Intelligence PLC \**(a)* | 239859 | 3770583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Optimum Communications, Inc., <br> Class A \*<br>| 1283572 | 2438787 |
| Playtika Holding Corp.  | 289458 | 1172305 |
| PubMatic, Inc., Class A \* | 166552 | 1500634 |
| QuinStreet, Inc. \* | 273343 | 3815868 |
| Rumble, Inc. \**(a)* | 540441 | 3658786 |
| Scholastic Corp.  | 107834 | 3185416 |
| Shutterstock, Inc.  | 115224 | 2398964 |
| Sinclair, Inc.  | 188357 | 2968506 |
| Sphere Entertainment Co. \* | 130128 | 11007528 |
| Stagwell, Inc. \* | 534446 | 2864631 |
| TechTarget, Inc. \* | 137535 | 719308 |
| TEGNA, Inc.  | 772435 | 15077931 |
| Thryv Holdings, Inc. \* | 198853 | 1119542 |
| TripAdvisor, Inc. \* | 557400 | 8288538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Trump Media & Technology Group <br> Corp. \*<br>| 771780 | 8906341 |
| USA TODAY Co., Inc. \* | 591712 | 2964477 |
| Warner Music Group Corp., Class A  | 700803 | 19790677 |
| Webtoon Entertainment, Inc. \**(a)* | 88070 | 1225054 |
| WideOpenWest, Inc. \* | 239858 | 1242464 |
| Yelp, Inc. \* | 287677 | 8316742 |
| Ziff Davis, Inc. \* | 196772 | 6458057 |
| ZipRecruiter, Inc., Class A \* | 304572 | 1446717 |
| ZoomInfo Technologies, Inc. \* | 1346500 | 13357280 |
|  |  | **440989444** |
| **Pharmaceuticals, Biotechnology & Life Sciences 10.4%** | **Pharmaceuticals, Biotechnology & Life Sciences 10.4%** | **Pharmaceuticals, Biotechnology & Life Sciences 10.4%** |
| 10X Genomics, Inc., Class A \* | 550744 | 10359495 |
| 4D Molecular Therapeutics, Inc. \* | 176831 | 2061849 |
| Absci Corp. \**(a)* | 626799 | 1986953 |
| ACADIA Pharmaceuticals, Inc. \* | 599606 | 15014134 |
| Adaptive Biotechnologies Corp. \* | 562585 | 11060421 |
| ADMA Biologics, Inc. \* | 1151299 | 22081915 |
| Agios Pharmaceuticals, Inc. \* | 279088 | 8149370 |
| Akebia Therapeutics, Inc. \* | 1269235 | 2005391 |
| Akero Therapeutics, Inc. \* | 354863 | 19290353 |
| Alector, Inc. \* | 414126 | 550788 |
| Alkermes PLC \* | 796067 | 23547662 |
| Allogene Therapeutics, Inc. \* | 779635 | 1138267 |
| Alumis, Inc. \**(a)* | 290380 | 2227215 |
| Amicus Therapeutics, Inc. \* | 1480258 | 14698962 |
| Amneal Pharmaceuticals, Inc. \* | 814508 | 10197640 |
| Amphastar Pharmaceuticals, Inc. \* | 171691 | 4755841 |
| Amylyx Pharmaceuticals, Inc. \* | 389515 | 5834935 |
| AnaptysBio, Inc. \* | 95100 | 3960915 |
| Anavex Life Sciences Corp. \**(a)* | 413471 | 1583594 |
| ANI Pharmaceuticals, Inc. \* | 82969 | 7039920 |
| Anika Therapeutics, Inc. \* | 67026 | 662217 |
| Annexon, Inc. \* | 491920 | 2213640 |
| Apellis Pharmaceuticals, Inc. \* | 491106 | 10460558 |
| Apogee Therapeutics, Inc. \* | 225265 | 16212322 |

---

**64**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Arbutus Biopharma Corp. \* | 738181 | 3255378 |
| Arcellx, Inc. \* | 200725 | 14594715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Arcturus Therapeutics Holdings, <br> Inc. \*<br>| 119803 | 813462 |
| Arcus Biosciences, Inc. \* | 397992 | 10387591 |
| Arcutis Biotherapeutics, Inc. \* | 523955 | 16059221 |
| Ardelyx, Inc. \* | 1156966 | 6710403 |
| ArriVent Biopharma, Inc. \* | 143673 | 3295859 |
| Arrowhead Pharmaceuticals, Inc. \* | 666072 | 35101994 |
| ARS Pharmaceuticals, Inc. \* | 312608 | 2982280 |
| Arvinas, Inc. \* | 353386 | 4447363 |
| Astria Therapeutics, Inc. \* | 218049 | 2758320 |
| Atea Pharmaceuticals, Inc. \* | 347643 | 1077693 |
| Avadel Pharmaceuticals PLC \* | 466118 | 10016876 |
| Avidity Biosciences, Inc. \* | 649620 | 46577754 |
| Axsome Therapeutics, Inc. \* | 201950 | 30595425 |
| Azenta, Inc. \* | 195958 | 6968266 |
| Beam Therapeutics, Inc. \* | 473188 | 11985852 |
| Bicara Therapeutics, Inc. \* | 152033 | 2821732 |
| BioAge Labs, Inc. \**(a)* | 124006 | 1176817 |
| BioCryst Pharmaceuticals, Inc. \* | 1007210 | 7231768 |
| Biohaven Ltd. \* | 532283 | 5338798 |
| BioLife Solutions, Inc. \* | 187101 | 4958176 |
| &nbsp;&nbsp;&nbsp;&nbsp; BridgeBio Oncology Therapeutics, <br> Inc. \**(a)*<br>| 228378 | 2811333 |
| Bridgebio Pharma, Inc. \* | 809131 | 58265523 |
| Bruker Corp.  | 533801 | 26054827 |
| C4 Therapeutics, Inc. \* | 280671 | 760618 |
| CareDx, Inc. \* | 255247 | 4561264 |
| Caribou Biosciences, Inc. \* | 427342 | 829043 |
| Catalyst Pharmaceuticals, Inc. \* | 552087 | 12924357 |
| Celcuity, Inc. \* | 158960 | 16077214 |
| Celldex Therapeutics, Inc. \* | 318971 | 8618596 |
| CG oncology, Inc. \* | 311193 | 13953894 |
| Cidara Therapeutics, Inc. \* | 86841 | 19094599 |
| Cogent Biosciences, Inc. \* | 719771 | 28949190 |
| Coherus Oncology, Inc. \**(a)* | 544069 | 739934 |
| Collegium Pharmaceutical, Inc. \* | 150931 | 7045459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Contineum Therapeutics, Inc., <br> Class A \*<br>| 83125 | 920194 |
| Corcept Therapeutics, Inc. \* | 451864 | 35878002 |
| CorMedix, Inc. \**(a)* | 332843 | 3265190 |
| Crinetics Pharmaceuticals, Inc. \* | 454208 | 20693716 |
| CRISPR Therapeutics AG \* | 437313 | 23383126 |
| CryoPort, Inc. \* | 239310 | 2302162 |
| Cullinan Therapeutics, Inc. \* | 247390 | 2812824 |
| Cytek Biosciences, Inc. \* | 534554 | 3020230 |
| Cytokinetics, Inc. \* | 576063 | 39247172 |
| Day One Biopharmaceuticals, Inc. \* | 355809 | 3376627 |
| Denali Therapeutics, Inc. \* | 667082 | 12988087 |
| Design Therapeutics, Inc. \* | 146070 | 1371597 |
| Dianthus Therapeutics, Inc. \* | 128263 | 5641007 |
| Disc Medicine, Inc. \* | 150734 | 14072526 |
| Dynavax Technologies Corp. \* | 478676 | 5442546 |
| Dyne Therapeutics, Inc. \* | 593908 | 13006585 |
| Edgewise Therapeutics, Inc. \* | 354144 | 9221910 |
| Editas Medicine, Inc. \* | 432811 | 1043074 |
| Emergent BioSolutions, Inc. \* | 256777 | 2868199 |
| Enanta Pharmaceuticals, Inc. \* | 97000 | 1369640 |
| Enliven Therapeutics, Inc. \* | 212841 | 4597366 |
| Entrada Therapeutics, Inc. \* | 114039 | 1171181 |
| Erasca, Inc. \* | 1021727 | 3238875 |
| Ethzilla Corp. \**(a)* | 68085 | 727148 |
| Evolus, Inc. \* | 310653 | 2224275 |
| EyePoint Pharmaceuticals, Inc. \* | 311120 | 4613910 |
| Fate Therapeutics, Inc. \* | 510034 | 581439 |
| Fortrea Holdings, Inc. \* | 435386 | 5533756 |
| Fulcrum Therapeutics, Inc. \* | 174520 | 1909249 |
| Geron Corp. \* | 2568403 | 3030716 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Ginkgo Bioworks Holdings, Inc. \* | 201799 | 1872695 |
| Gossamer Bio, Inc. \* | 991936 | 3313066 |
| GRAIL, Inc. \* | 131513 | 14517720 |
| Gyre Therapeutics, Inc. \**(a)* | 100382 | 777960 |
| Halozyme Therapeutics, Inc. \* | 563226 | 40214336 |
| Harmony Biosciences Holdings, Inc. \* | 191082 | 6743284 |
| Harrow, Inc. \* | 159174 | 6650290 |
| Heron Therapeutics, Inc. \* | 736191 | 853982 |
| Humacyte, Inc. \**(a)* | 625088 | 843869 |
| Ideaya Biosciences, Inc. \* | 421131 | 15000686 |
| ImmunityBio, Inc. \**(a)* | 1404257 | 3314047 |
| Immunome, Inc. \* | 387989 | 7146757 |
| Immunovant, Inc. \* | 317279 | 7662288 |
| Indivior PLC \* | 599200 | 20133120 |
| Innoviva, Inc. \* | 287536 | 6248157 |
| Intellia Therapeutics, Inc. \* | 514847 | 4628475 |
| Ionis Pharmaceuticals, Inc. \* | 766426 | 63406423 |
| Iovance Biotherapeutics, Inc. \* | 1454858 | 3593499 |
| Ironwood Pharmaceuticals, Inc. \* | 697593 | 2441575 |
| Janux Therapeutics, Inc. \* | 230522 | 7858495 |
| KalVista Pharmaceuticals, Inc. \* | 186741 | 2702142 |
| Keros Therapeutics, Inc. \* | 124096 | 2169198 |
| Kodiak Sciences, Inc. \* | 158024 | 3631391 |
| Krystal Biotech, Inc. \* | 124126 | 27059468 |
| Kura Oncology, Inc. \* | 415920 | 5049269 |
| Kymera Therapeutics, Inc. \* | 257492 | 17478557 |
| Kyverna Therapeutics, Inc. \* | 109746 | 841752 |
| LENZ Therapeutics, Inc. \**(a)* | 95776 | 2923084 |
| Lexicon Pharmaceuticals, Inc. \* | 935431 | 1337666 |
| Ligand Pharmaceuticals, Inc. \* | 94472 | 19194821 |
| Liquidia Corp. \* | 326414 | 10650889 |
| Lyell Immunopharma, Inc. \* | 61882 | 1485168 |
| Madrigal Pharmaceuticals, Inc. \* | 88009 | 52539613 |
| MannKind Corp. \* | 1472813 | 7879550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Maravai LifeSciences Holdings, Inc., <br> Class A \*<br>| 591938 | 2142816 |
| Maze Therapeutics, Inc. \* | 92523 | 3492743 |
| MBX Biosciences, Inc. \* | 120393 | 4152355 |
| Mesa Laboratories, Inc.  | 26588 | 2132358 |
| MiMedx Group, Inc. \* | 560295 | 3854830 |
| Mind Medicine MindMed, Inc. \* | 453795 | 5740507 |
| Mineralys Therapeutics, Inc. \* | 255818 | 11030872 |
| Mirum Pharmaceuticals, Inc. \* | 207485 | 15156779 |
| Monte Rosa Therapeutics, Inc. \* | 231174 | 3738084 |
| Myriad Genetics, Inc. \* | 446003 | 3403003 |
| Nektar Therapeutics \* | 91270 | 5951717 |
| Neumora Therapeutics, Inc. \* | 417810 | 935894 |
| Niagen Bioscience, Inc. \* | 267317 | 1809736 |
| Novavax, Inc. \* | 779114 | 5492754 |
| Nurix Therapeutics, Inc. \* | 455453 | 8052409 |
| Nuvalent, Inc., Class A \* | 247901 | 27107974 |
| Nuvation Bio, Inc. \* | 1149083 | 9227136 |
| Ocular Therapeutix, Inc. \* | 814756 | 9899285 |
| Olema Pharmaceuticals, Inc. \* | 193683 | 5485103 |
| Omeros Corp. \**(a)* | 326865 | 3167322 |
| OmniAb, Inc. \* | 499309 | 903749 |
| Organogenesis Holdings, Inc. \* | 370792 | 1920703 |
| Organon & Co.  | 1248467 | 9625681 |
| ORIC Pharmaceuticals, Inc. \* | 367780 | 4369226 |
| Oruka Therapeutics, Inc. \* | 145828 | 4389423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pacific Biosciences of California, <br> Inc. \*<br>| 1442385 | 3346333 |
| Pacira BioSciences, Inc. \* | 215561 | 5080773 |
| Perrigo Co. PLC  | 660673 | 8819985 |
| Perspective Therapeutics, Inc. \* | 289288 | 679827 |
| Phathom Pharmaceuticals, Inc. \* | 218544 | 3413657 |
| Phibro Animal Health Corp., Class A  | 97679 | 4090796 |
| Praxis Precision Medicines, Inc. \* | 109043 | 21422588 |
| Precigen, Inc. \* | 713797 | 2733842 |

---

**65**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Prestige Consumer Healthcare, Inc. \* | 236403 | 14077799 |
| Prime Medicine, Inc. \* | 309279 | 1181446 |
| ProKidney Corp. \**(a)* | 507534 | 1126725 |
| Protagonist Therapeutics, Inc. \* | 281850 | 25366500 |
| Prothena Corp. PLC \* | 205410 | 2208157 |
| PTC Therapeutics, Inc. \* | 382868 | 32922819 |
| Quanterix Corp. \* | 207562 | 1506900 |
| Rapport Therapeutics, Inc. \* | 133036 | 3952500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Recursion Pharmaceuticals, Inc., <br> Class A \*<br>| 2050318 | 9492972 |
| REGENXBIO, Inc. \* | 226184 | 3028604 |
| Relay Therapeutics, Inc. \* | 627445 | 4969364 |
| Replimune Group, Inc. \* | 340454 | 3404540 |
| Revolution Medicines, Inc. \* | 845152 | 65719019 |
| Rezolute, Inc. \* | 375250 | 3647430 |
| Rhythm Pharmaceuticals, Inc. \* | 290964 | 31741263 |
| Rigel Pharmaceuticals, Inc. \* | 85887 | 4336435 |
| Rocket Pharmaceuticals, Inc. \* | 428512 | 1465511 |
| Sana Biotechnology, Inc. \* | 723375 | 3110512 |
| Sangamo Therapeutics, Inc. \* | 1449012 | 667995 |
| Sarepta Therapeutics, Inc. \* | 469049 | 10009506 |
| Savara, Inc. \* | 553932 | 3484232 |
| Scholar Rock Holding Corp. \* | 385374 | 16979578 |
| Septerna, Inc. \**(a)* | 108688 | 3154126 |
| Seres Therapeutics, Inc. \**(a)* | 31217 | 561594 |
| SIGA Technologies, Inc.  | 195415 | 1184215 |
| Sionna Therapeutics, Inc. \**(a)* | 67570 | 2944025 |
| Soleno Therapeutics, Inc. \* | 232240 | 11716508 |
| Sotera Health Co. \* | 995698 | 17404801 |
| Spyre Therapeutics, Inc. \* | 317548 | 9526440 |
| Standard BioTools, Inc. \* | 1435700 | 2153550 |
| Stoke Therapeutics, Inc. \* | 236660 | 7315161 |
| Supernus Pharmaceuticals, Inc. \* | 269291 | 12276977 |
| Syndax Pharmaceuticals, Inc. \* | 413474 | 8195055 |
| Tango Therapeutics, Inc. \* | 389029 | 4244306 |
| Tarsus Pharmaceuticals, Inc. \* | 186597 | 14920296 |
| Taysha Gene Therapies, Inc. \* | 1057597 | 5013010 |
| Terns Pharmaceuticals, Inc. \* | 326613 | 9181091 |
| TG Therapeutics, Inc. \* | 652067 | 21687748 |
| Theravance Biopharma, Inc. \* | 179736 | 3648641 |
| Third Harmonic Bio, Inc. \**(c)* | 98316 | 1966 |
| Travere Therapeutics, Inc. \* | 428074 | 15158100 |
| Trevi Therapeutics, Inc. \* | 473185 | 6241310 |
| Twist Bioscience Corp. \* | 289706 | 9273489 |
| Tyra Biosciences, Inc. \* | 116353 | 2624924 |
| Ultragenyx Pharmaceutical, Inc. \* | 462770 | 16081257 |
| uniQure NV \* | 291431 | 8017267 |
| Upstream Bio, Inc. \* | 162503 | 4647586 |
| Vanda Pharmaceuticals, Inc. \* | 287647 | 1541788 |
| Vaxcyte, Inc. \* | 563000 | 27930430 |
| Ventyx Biosciences, Inc. \* | 309527 | 3095270 |
| Vera Therapeutics, Inc. \* | 279448 | 9431370 |
| Veracyte, Inc. \* | 379744 | 17977081 |
| Vericel Corp. \* | 242309 | 9752937 |
| Viking Therapeutics, Inc. \* | 542534 | 19970677 |
| Vir Biotechnology, Inc. \* | 454718 | 2919290 |
| Viridian Therapeutics, Inc. \* | 397641 | 12708606 |
| WaVe Life Sciences Ltd. \* | 590170 | 4579719 |
| Xencor, Inc. \* | 341744 | 5919006 |
| Xeris Biopharma Holdings, Inc. \* | 774720 | 5562490 |
| Zenas Biopharma, Inc. \* | 106834 | 4148364 |
|  |  | **1998532110** |
| **Real Estate Management & Development 0.7%** | **Real Estate Management & Development 0.7%** | **Real Estate Management & Development 0.7%** |
| Anywhere Real Estate, Inc. \* | 466627 | 6649435 |
| Compass, Inc., Class A \* | 2197398 | 22896887 |
| Cushman & Wakefield Ltd. \* | 1116870 | 18707572 |
| eXp World Holdings, Inc. *(a)* | 430484 | 4885993 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Forestar Group, Inc. \* | 94245 | 2405132 |
| FRP Holdings, Inc. \* | 58902 | 1373006 |
| Howard Hughes Holdings, Inc. \* | 149054 | 13344805 |
| Kennedy-Wilson Holdings, Inc.  | 573926 | 5584300 |
| Marcus & Millichap, Inc.  | 115131 | 3373338 |
| Newmark Group, Inc., Class A  | 746062 | 12966558 |
| Opendoor Technologies, Inc. \* | 3216181 | 24764594 |
| RE/MAX Holdings, Inc., Class A \* | 96417 | 792548 |
| RMR Group, Inc., Class A  | 77887 | 1187777 |
| Seaport Entertainment Group, Inc. \* | 36233 | 777560 |
| Seritage Growth Properties, Class A \* | 198793 | 743486 |
| St. Joe Co.  | 192338 | 11603751 |
| Tejon Ranch Co. \* | 122110 | 1981845 |
|  |  | **134038587** |
| **Semiconductors & Semiconductor Equipment 3.1%** | **Semiconductors & Semiconductor Equipment 3.1%** | **Semiconductors & Semiconductor Equipment 3.1%** |
| ACM Research, Inc., Class A \* | 252808 | 8446315 |
| Aehr Test Systems \* | 135020 | 3101409 |
| Allegro MicroSystems, Inc. \* | 595339 | 15889598 |
| Alpha & Omega Semiconductor Ltd. \* | 118502 | 2403221 |
| Ambarella, Inc. \* | 193598 | 14361100 |
| Ambiq Micro, Inc. \**(a)* | 19165 | 469734 |
| Amkor Technology, Inc.  | 548796 | 19970686 |
| Axcelis Technologies, Inc. \* | 150859 | 12486599 |
| Blaize Holdings, Inc. \**(a)* | 234682 | 586705 |
| CEVA, Inc. \* | 114493 | 2471904 |
| Cirrus Logic, Inc. \* | 247417 | 29774162 |
| Cohu, Inc. \* | 223551 | 5436760 |
| Diodes, Inc. \* | 222923 | 10301272 |
| Enphase Energy, Inc. \* | 630521 | 18190531 |
| FormFactor, Inc. \* | 372069 | 20471236 |
| Ichor Holdings Ltd. \* | 165244 | 2776099 |
| Impinj, Inc. \* | 124916 | 21469313 |
| indie Semiconductor, Inc., Class A \* | 951803 | 3388419 |
| Kulicke & Soffa Industries, Inc.  | 250349 | 11293243 |
| &nbsp;&nbsp;&nbsp;&nbsp; MACOM Technology Solutions <br> Holdings, Inc. \*<br>| 308177 | 53927893 |
| MaxLinear, Inc. \* | 397720 | 6192500 |
| MKS, Inc.  | 323156 | 50538367 |
| Navitas Semiconductor Corp. \**(a)* | 879470 | 7686568 |
| Onto Innovation, Inc. \* | 235523 | 33717473 |
| PDF Solutions, Inc. \* | 153182 | 4151232 |
| Penguin Solutions, Inc. \* | 228848 | 4629595 |
| Photronics, Inc. \* | 288656 | 6613109 |
| Power Integrations, Inc.  | 271466 | 9121258 |
| Rambus, Inc. \* | 517492 | 49456710 |
| Rigetti Computing, Inc. \* | 1559339 | 39872298 |
| Semtech Corp. \* | 416344 | 30876071 |
| Silicon Laboratories, Inc. \* | 157658 | 20114008 |
| SiTime Corp. \* | 105036 | 31269217 |
| SkyWater Technology, Inc. \* | 133925 | 2061106 |
| SolarEdge Technologies, Inc. \* | 285137 | 10416055 |
| Synaptics, Inc. \* | 185043 | 12677296 |
| Ultra Clean Holdings, Inc. \* | 217255 | 5509587 |
| Veeco Instruments, Inc. \* | 288772 | 8440806 |
|  |  | **590559455** |
| **Software & Services 7.2%** | **Software & Services 7.2%** | **Software & Services 7.2%** |
| 8x8, Inc. \* | 643087 | 1247589 |
| A10 Networks, Inc.  | 346951 | 5974496 |
| ACI Worldwide, Inc. \* | 495912 | 23238436 |
| Adeia, Inc.  | 524995 | 6494188 |
| Agilysys, Inc. \* | 121853 | 14983045 |
| Alarm.com Holdings, Inc. \* | 240042 | 12472582 |
| Alkami Technology, Inc. \* | 374869 | 7992207 |
| Amplitude, Inc., Class A \* | 446436 | 4589362 |
| Appfolio, Inc., Class A \* | 109924 | 25093451 |

---

**66**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Appian Corp., Class A \* | 193651 | 7823500 |
| Applied Digital Corp. \* | 1121987 | 30405848 |
| Asana, Inc., Class A \* | 433740 | 5586571 |
| ASGN, Inc. \* | 210242 | 9462992 |
| Aurora Innovation, Inc. \* | 5502538 | 23055634 |
| AvePoint, Inc. \* | 661757 | 8602841 |
| BigBear.ai Holdings, Inc. \**(a)* | 1780390 | 11287673 |
| Bill Holdings, Inc. \* | 440679 | 22100052 |
| Bit Digital, Inc. \* | 1541408 | 3668551 |
| &nbsp;&nbsp;&nbsp;&nbsp; BitMine Immersion Technologies, <br> Inc. \*<br>| 835614 | 27675536 |
| Blackbaud, Inc. \* | 178774 | 10079278 |
| BlackLine, Inc. \* | 249869 | 14240034 |
| Blend Labs, Inc., Class A \* | 1067542 | 3373433 |
| Box, Inc., Class A \* | 698524 | 20634399 |
| Braze, Inc., Class A \* | 386980 | 11106326 |
| C3.ai, Inc., Class A \* | 571815 | 8262727 |
| &nbsp;&nbsp;&nbsp;&nbsp; CCC Intelligent Solutions Holdings, <br> Inc. \*<br>| 2858487 | 21295728 |
| Cipher Mining, Inc. \* | 1402114 | 28533020 |
| Cleanspark, Inc. \* | 1355980 | 20475298 |
| Clear Secure, Inc., Class A  | 416866 | 14798743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Clearwater Analytics Holdings, Inc., <br> Class A \*<br>| 1387297 | 30603772 |
| Commerce.com, Inc. \* | 337314 | 1548271 |
| Commvault Systems, Inc. \* | 214401 | 26478523 |
| Confluent, Inc., Class A \* | 1405680 | 31276380 |
| Consensus Cloud Solutions, Inc. \* | 90490 | 1976302 |
| Core Scientific, Inc. \* | 1472773 | 24875136 |
| CS Disco, Inc. \* | 121848 | 872432 |
| Daily Journal Corp. \* | 4405 | 2019208 |
| Digimarc Corp. \* | 79839 | 639510 |
| Digital Turbine, Inc. \* | 469949 | 2251056 |
| DigitalOcean Holdings, Inc. \* | 327816 | 14594368 |
| Dolby Laboratories, Inc., Class A  | 294338 | 19853098 |
| Domo, Inc., Class B \* | 159800 | 1828112 |
| Dropbox, Inc., Class A \* | 889809 | 26587493 |
| D-Wave Quantum, Inc. \* | 1628799 | 36924873 |
| DXC Technology Co. \* | 864598 | 11412694 |
| EverCommerce, Inc. \**(a)* | 88623 | 769248 |
| Expensify, Inc., Class A \* | 262047 | 406173 |
| Fastly, Inc., Class A \* | 665133 | 7755451 |
| Five9, Inc. \* | 370880 | 7265539 |
| Freshworks, Inc., Class A \* | 959853 | 11652615 |
| Gitlab, Inc., Class A \* | 667011 | 27387472 |
| Grid Dynamics Holdings, Inc. \* | 324960 | 2846650 |
| Hackett Group, Inc.  | 120597 | 2227427 |
| Hut 8 Corp. \* | 453161 | 20392245 |
| I3 Verticals, Inc., Class A \* | 100138 | 2370266 |
| Intapp, Inc. \* | 268384 | 11591505 |
| InterDigital, Inc.  | 124165 | 44420029 |
| Jamf Holding Corp. \* | 401525 | 5191718 |
| Kaltura, Inc. \* | 431281 | 633983 |
| Klaviyo, Inc., Class A \* | 592753 | 16929026 |
| Kyndryl Holdings, Inc. \* | 1110831 | 28692765 |
| Life360, Inc. \* | 373843 | 29761641 |
| LiveRamp Holdings, Inc. \* | 315011 | 9088067 |
| MARA Holdings, Inc. \* | 1779545 | 21016426 |
| N-able, Inc. \* | 360160 | 2593152 |
| nCino, Inc. \* | 506817 | 12518380 |
| NCR Voyix Corp. \* | 663428 | 6707257 |
| NextNav, Inc. \* | 421796 | 5993721 |
| ON24, Inc. \* | 181263 | 1025949 |
| OneSpan, Inc.  | 184535 | 2251327 |
| Onestream, Inc. \* | 376729 | 7847265 |
| PagerDuty, Inc. \* | 442279 | 5307348 |
| PAR Technology Corp. \* | 194819 | 6723204 |
| Pegasystems, Inc.  | 444959 | 24370404 |
| Pivotal Software, Inc. \**(c)* | 272619 | 0 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Porch Group, Inc. \* | 470956 | 4563564 |
| Progress Software Corp. \* | 207052 | 8574023 |
| PROS Holdings, Inc. \* | 231555 | 5381338 |
| Q2 Holdings, Inc. \* | 300164 | 21650829 |
| Qualys, Inc. \* | 173551 | 24444658 |
| Rackspace Technology, Inc. \* | 483993 | 513033 |
| Rapid7, Inc. \* | 276122 | 4329593 |
| Red Violet, Inc.  | 62828 | 3404649 |
| RingCentral, Inc., Class A \* | 387590 | 10945542 |
| Riot Platforms, Inc. \* | 1556114 | 25100119 |
| Samsara, Inc., Class A \* | 1442264 | 54849300 |
| SEMrush Holdings, Inc., Class A \* | 213431 | 2524889 |
| SentinelOne, Inc., Class A \* | 1529505 | 24793276 |
| ServiceTitan, Inc., Class A \* | 263689 | 23563249 |
| Silvaco Group, Inc. \* | 42244 | 192210 |
| SoundHound AI, Inc., Class A \**(a)* | 1802049 | 21714690 |
| Sprinklr, Inc., Class A \* | 585504 | 4233194 |
| Sprout Social, Inc., Class A \* | 252065 | 2513088 |
| SPS Commerce, Inc. \* | 182075 | 15170489 |
| Telos Corp. \* | 255539 | 1477015 |
| Tenable Holdings, Inc. \* | 581838 | 15430344 |
| Teradata Corp. \* | 453979 | 13001959 |
| Terawulf, Inc. \* | 1486997 | 23063323 |
| TON Strategy Co. \**(a)* | 227869 | 777033 |
| Tucows, Inc., Class A \* | 42823 | 927974 |
| UiPath, Inc., Class A \* | 2049966 | 28412529 |
| Unisys Corp. \* | 315595 | 845795 |
| Varonis Systems, Inc. \* | 539839 | 17852476 |
| Vertex, Inc., Class A \* | 352649 | 6936606 |
| Weave Communications, Inc. \* | 316070 | 2016527 |
| Whitefiber, Inc. \**(a)* | 45087 | 966214 |
| Workiva, Inc. \* | 250696 | 23204422 |
| Xperi, Inc. \* | 227756 | 1318707 |
| Yext, Inc. \* | 499183 | 4203121 |
| Zeta Global Holdings Corp., Class A \* | 935435 | 17071689 |
|  |  | **1379998488** |
| **Technology Hardware & Equipment 4.9%** | **Technology Hardware & Equipment 4.9%** | **Technology Hardware & Equipment 4.9%** |
| 908 Devices, Inc. \* | 135866 | 862749 |
| ADTRAN Holdings, Inc. \* | 352227 | 2793160 |
| Advanced Energy Industries, Inc.  | 181395 | 38308810 |
| Aeva Technologies, Inc. \* | 124195 | 1384774 |
| Applied Optoelectronics, Inc. \* | 281549 | 7539882 |
| Arlo Technologies, Inc. \* | 500832 | 7262064 |
| Avnet, Inc.  | 402911 | 19142302 |
| Badger Meter, Inc.  | 141609 | 25282871 |
| Bel Fuse, Inc., Class B  | 57108 | 8796345 |
| Belden, Inc.  | 190377 | 21588752 |
| Benchmark Electronics, Inc.  | 172363 | 7744270 |
| Calix, Inc. \* | 285393 | 15773671 |
| Clearfield, Inc. \* | 55160 | 1619498 |
| CommScope Holding Co., Inc. \* | 1069042 | 21102889 |
| CompoSecure, Inc., Class A \* | 226038 | 4491375 |
| Corsair Gaming, Inc. \* | 224866 | 1466126 |
| Crane NXT Co.  | 237252 | 13357288 |
| CTS Corp.  | 143287 | 6065339 |
| Daktronics, Inc. \* | 200659 | 3798475 |
| Diebold Nixdorf, Inc. \* | 176045 | 11358423 |
| Digi International, Inc. \* | 178092 | 7449588 |
| ePlus, Inc.  | 126649 | 11347750 |
| Evolv Technologies Holdings, Inc. \* | 659998 | 4217387 |
| Extreme Networks, Inc. \* | 634085 | 11096488 |
| Harmonic, Inc. \* | 545018 | 5210372 |
| Insight Enterprises, Inc. \* | 151287 | 13096916 |
| IPG Photonics Corp. \* | 121577 | 9682392 |
| Itron, Inc. \* | 219636 | 21752749 |
| Kimball Electronics, Inc. \* | 117137 | 3385259 |
| Knowles Corp. \* | 411990 | 9261535 |

---

**67**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Lightwave Logic, Inc. \**(a)* | 622995 | 2703798 |
| Littelfuse, Inc.  | 119188 | 30514512 |
| Lumentum Holdings, Inc. \* | 335756 | 109174421 |
| Methode Electronics, Inc.  | 169558 | 1285250 |
| MicroVision, Inc. \**(a)* | 1436956 | 1353469 |
| Mirion Technologies, Inc. \* | 1181970 | 30754859 |
| Napco Security Technologies, Inc.  | 171326 | 6921570 |
| NETGEAR, Inc. \* | 139191 | 3681602 |
| NetScout Systems, Inc. \* | 327932 | 8814812 |
| nLight, Inc. \* | 239717 | 8445230 |
| Novanta, Inc. \* | 173051 | 19668977 |
| Ondas Holdings, Inc. \**(a)* | 1614674 | 12755925 |
| OSI Systems, Inc. \* | 75897 | 20556702 |
| Ouster, Inc. \* | 275741 | 6331013 |
| PC Connection, Inc.  | 54906 | 3186744 |
| Plexus Corp. \* | 129730 | 18544904 |
| Powerfleet, Inc. NJ \* | 564113 | 2803642 |
| Quantum Computing, Inc. \* | 652897 | 7638895 |
| Ralliant Corp.  | 542143 | 26765600 |
| Red Cat Holdings, Inc. \**(a)* | 487938 | 3620500 |
| Ribbon Communications, Inc. \* | 443280 | 1267781 |
| Rogers Corp. \* | 80802 | 6772016 |
| Sandisk Corp. \* | 664145 | 148290297 |
| Sanmina Corp. \* | 256490 | 40054761 |
| ScanSource, Inc. \* | 99669 | 4098389 |
| SmartRent, Inc. \* | 829018 | 1425911 |
| TTM Technologies, Inc. \* | 497914 | 34943605 |
| Viasat, Inc. \* | 647001 | 22211544 |
| Viavi Solutions, Inc. \* | 1072162 | 19234586 |
| Vishay Intertechnology, Inc.  | 591938 | 8091792 |
| Vontier Corp.  | 704894 | 25573554 |
| Xerox Holdings Corp.  | 563291 | 1565949 |
|  |  | **955292109** |
| **Telecommunication Services 0.9%** | **Telecommunication Services 0.9%** | **Telecommunication Services 0.9%** |
| Anterix, Inc. \* | 89382 | 1837694 |
| Array Digital Infrastructure, Inc.  | 68889 | 3387961 |
| ATN International, Inc.  | 49839 | 1051105 |
| Bandwidth, Inc., Class A \* | 138509 | 1972368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cogent Communications Holdings, <br> Inc. <br>| 228053 | 4351251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Frontier Communications Parent, <br> Inc. \*<br>| 1204299 | 45667018 |
| GCI Liberty, Inc., Class C \* | 125560 | 4183659 |
| Globalstar, Inc. \* | 243192 | 14773914 |
| Gogo, Inc. \* | 357484 | 2556011 |
| IDT Corp., Class B  | 98715 | 4913046 |
| Iridium Communications, Inc.  | 509129 | 8349716 |
| Liberty Global Ltd., Class C \* | 1447328 | 16615325 |
| Liberty Latin America Ltd., Class C \* | 771741 | 6752734 |
| Lumen Technologies, Inc. \* | 4544663 | 36857217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Shenandoah Telecommunications <br> Co. <br>| 218222 | 2385166 |
| Telephone & Data Systems, Inc.  | 473301 | 19059831 |
| Uniti Group, Inc.  | 858131 | 5466294 |
|  |  | **180180310** |
| **Transportation 1.6%** | **Transportation 1.6%** | **Transportation 1.6%** |
| Alaska Air Group, Inc. \* | 554753 | 23776714 |
| Allegiant Travel Co. \* | 64639 | 4912564 |
| ArcBest Corp.  | 108904 | 6988370 |
| Arrive AI, Inc. \**(a)* | 23518 | 94072 |
| Avis Budget Group, Inc. \* | 81104 | 11020411 |
| &nbsp;&nbsp;&nbsp;&nbsp; Covenant Logistics Group, Inc., <br> Class A <br>| 72252 | 1440705 |
| Forward Air Corp. \* | 105312 | 2419017 |
| Frontier Group Holdings, Inc. \* | 408879 | 1864488 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| FTAI Infrastructure, Inc.  | 550496 | 2356123 |
| Genco Shipping & Trading Ltd.  | 180874 | 3422136 |
| GXO Logistics, Inc. \* | 550292 | 27921816 |
| Heartland Express, Inc.  | 219363 | 1724193 |
| Hertz Global Holdings, Inc. \**(a)* | 595935 | 3122699 |
| Hub Group, Inc., Class A  | 292980 | 11300239 |
| JetBlue Airways Corp. \* | 1395518 | 6377517 |
| Kirby Corp. \* | 268369 | 30465249 |
| Landstar System, Inc.  | 166775 | 21820841 |
| Lyft, Inc., Class A \* | 1915053 | 40273565 |
| Marten Transport Ltd.  | 278636 | 2856019 |
| Matson, Inc.  | 153203 | 16696063 |
| Proficient Auto Logistics, Inc. \* | 111656 | 911113 |
| RXO, Inc. \* | 786910 | 10402950 |
| Ryder System, Inc.  | 196540 | 34042693 |
| Schneider National, Inc., Class B  | 240007 | 5426558 |
| SkyWest, Inc. \* | 194422 | 19737721 |
| Sun Country Airlines Holdings, Inc. \* | 255125 | 3495212 |
| Universal Logistics Holdings, Inc. *(a)* | 34977 | 525355 |
| Werner Enterprises, Inc.  | 289794 | 7407135 |
| Wheels Up Experience, Inc. \**(a)* | 437260 | 335204 |
|  |  | **303136742** |
| **Utilities 2.8%** | **Utilities 2.8%** | **Utilities 2.8%** |
| ALLETE, Inc.  | 278241 | 18814656 |
| American States Water Co.  | 184902 | 13640221 |
| Avista Corp.  | 389375 | 16112338 |
| Black Hills Corp.  | 350924 | 25894682 |
| California Water Service Group  | 286130 | 12981718 |
| Chesapeake Utilities Corp.  | 113174 | 15737976 |
| Clearway Energy, Inc., Class C  | 557051 | 20399208 |
| H2O America  | 158355 | 7352423 |
| Hallador Energy Co. \* | 167001 | 3405150 |
| Hawaiian Electric Industries, Inc. \* | 828812 | 9746829 |
| IDACORP, Inc.  | 260315 | 34304311 |
| MDU Resources Group, Inc.  | 985195 | 21004357 |
| MGE Energy, Inc.  | 175366 | 14523812 |
| Middlesex Water Co.  | 86350 | 4430619 |
| Montauk Renewables, Inc. \* | 317788 | 517994 |
| National Fuel Gas Co.  | 435218 | 35883724 |
| New Jersey Resources Corp.  | 482866 | 23216197 |
| Northwest Natural Holding Co.  | 196469 | 9719321 |
| Northwestern Energy Group, Inc.  | 294965 | 20379132 |
| ONE Gas, Inc.  | 288226 | 24136045 |
| Ormat Technologies, Inc.  | 292425 | 33017707 |
| Otter Tail Corp.  | 201304 | 16547189 |
| Portland General Electric Co.  | 527510 | 26808058 |
| Southwest Gas Holdings, Inc.  | 307997 | 25579151 |
| Spire, Inc.  | 283538 | 25138479 |
| TXNM Energy, Inc.  | 455899 | 26647297 |
| UGI Corp.  | 1035088 | 40937730 |
| Unitil Corp.  | 85161 | 4277637 |
| York Water Co.  | 70619 | 2304298 |
|  |  | **533458259** |
| **Total Common Stocks**<br> **(Cost $16,065,407,255)** | **Total Common Stocks**<br> **(Cost $16,065,407,255)** | **19205009232** |
| **RIGHTS** 0.0% OF NET ASSETS | **RIGHTS** 0.0% OF NET ASSETS | **RIGHTS** 0.0% OF NET ASSETS |
| **Telecommunication Services 0.0%** | **Telecommunication Services 0.0%** | **Telecommunication Services 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; GCI Liberty, Inc. expires 12/17/25 <br> strike USD 27.200 \*<br>| 48231 | **299032** |
| **Total Rights**<br> **(Cost $0)** | **Total Rights**<br> **(Cost $0)** | **299032** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**68**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **SHORT-TERM INVESTMENTS** 1.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 1.1% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 1.1% OF NET ASSETS |
| **Money Market Funds 1.1%** | **Money Market Funds 1.1%** | **Money Market Funds 1.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(d)*<br>| 26658787 | 26658787 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(d)(e)*<br>| 186512860 | 186512860 |
|  |  | **213171647** |
| **Total Short-Term Investments**<br> **(Cost $213,171,647)** | **Total Short-Term Investments**<br> **(Cost $213,171,647)** | **213171647** |
| **Total Investments in Securities**<br> **(Cost $16,278,578,902)** | **Total Investments in Securities**<br> **(Cost $16,278,578,902)** | **19418479911** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Russell 2000 Index, e-mini, <br> expires 12/19/25<br>| 385 | 48223175 | **1884798** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $183,532,204. 

*(b)* Issuer is an affiliated company, as the investment adviser owns at least 5% of the voting securities of such company. 

*(c)* Fair valued using significant unobservable inputs (see notes to portfolio holdings for additional information). 

*(d)* The rate shown is the annualized 7-day yield.

*(e)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

REIT — Real Estate Investment Trust

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

USD — U.S. Dollar

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Below is a summary of the fund's transactions with affiliated issuers and companies which are or were affiliates during the period ended November 30, 2025. An affiliated company is a company in which the investment adviser has or had an ownership of at least 5% of the voting securities of a security issue during the report period. A dash in the Value at August 31, 2025, and/or Value and Balance of Shares Held at November 30, 2025, columns means either the issuer was not held or not held as an affiliate on the stated date.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY | VALUE AT<br> 8/31/25<br>| PURCHASES | SALES | NET REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE<br> IN UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| VALUE AT<br> 11/30/25<br>| BALANCE<br> OF SHARES<br> HELD AT<br> 11/30/25<br>| DIVIDENDS<br> RECEIVED<br>|
| **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS | **COMMON STOCKS** 0.0% OF NET ASSETS |
| **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** | **Commercial & Professional Services 0.0%** |
| TrueBlue, Inc. | $— | $67084 | ($10211)<br>| ($1048)<br>| ($159452)<br>| $720609 | 147063 | $— |
| **Consumer Discretionary Distribution & Retail 0.0%** | **Consumer Discretionary Distribution & Retail 0.0%** | **Consumer Discretionary Distribution & Retail 0.0%** | **Consumer Discretionary Distribution & Retail 0.0%** | **Consumer Discretionary Distribution & Retail 0.0%** | **Consumer Discretionary Distribution & Retail 0.0%** | **Consumer Discretionary Distribution & Retail 0.0%** | **Consumer Discretionary Distribution & Retail 0.0%** | **Consumer Discretionary Distribution & Retail 0.0%** |
| QVC Group, Inc. | 290004 | 28225 | (514201)<br>| (5554081)<br>| 5750053 |  |  |  |
| **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** | **Equity Real Estate Investment Trusts (REITs) 0.0%** |
| Service Properties Trust | 2178276 | 177678 | (354119)<br>| (2433846)<br>| 1726042 | 1294031 | 743696 | 7485 |
| **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** | **Household & Personal Products 0.0%** |
| Medifast, Inc. |  | 46085 | (7270)<br>| (543)<br>| (156894)<br>| 561061 | 51145 |  |
| **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** | **Media & Entertainment 0.0%** |
| EW Scripps Co., Class A |  | 127012 | (12129)<br>| 2488 | 409315 | 1382905 | 326928 |  |
| **Total** | **$2468280** | **$446084** | **($897930)**<br>| **($7987030)**<br>| **$7569064** | **$3958606** |  | **$7485** |

---

------

**69**

------

Schwab U.S. Small-Cap ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of November 30, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks <sup>1</sup> <br>| $14768235767 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $14768235767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Health Care Equipment & Services | 1058242867 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 1058242867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pharmaceuticals, Biotechnology & Life Sciences | 1998530144 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1966 | &nbsp;&nbsp;&nbsp; 1998532110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Software & Services | 1379998488 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 0 <br><sup>\*</sup><br>| &nbsp;&nbsp;&nbsp; 1379998488 |
| Rights |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Telecommunication Services | 299032 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 299032 |
| Short-Term Investments <sup>1</sup> <br>| 213171647 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 213171647 |
| Futures Contracts <sup>2</sup> <br>| 1884798 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1884798 |
| **Total** | **$19420362743** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$1966** | &nbsp;&nbsp; **$19420364709** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>\*</sup> Level 3 amount shown includes securities determined to have no value at November 30, 2025.

<sup>1</sup> As categorized in the Portfolio Holdings. 

<sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**70**

------

Schwab Strategic Trust

Schwab U.S. Dividend Equity ETF

------

**Portfolio Holdings** as of November 30, 2025 (Unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.7% OF NET ASSETS | **COMMON STOCKS** 99.7% OF NET ASSETS | **COMMON STOCKS** 99.7% OF NET ASSETS |
| **Automobiles & Components 2.4%** | **Automobiles & Components 2.4%** | **Automobiles & Components 2.4%** |
| Autoliv, Inc.  | 2020186 | 238361746 |
| Ford Motor Co.  | 111755442 | 1484112270 |
|  |  | **1722474016** |
| **Banks 4.7%** | **Banks 4.7%** | **Banks 4.7%** |
| 1st Source Corp.  | 525566 | 32816341 |
| Bank OZK  | 3026511 | 139280036 |
| Banner Corp.  | 989526 | 62152128 |
| Cathay General Bancorp  | 1976601 | 95746552 |
| Central Pacific Financial Corp.  | 773275 | 22997198 |
| City Holding Co.  | 415074 | 50352627 |
| Columbia Banking System, Inc.  | 8549549 | 236993498 |
| Comerica, Inc.  | 3674433 | 295350924 |
| CVB Financial Corp.  | 3703704 | 72888895 |
| East West Bancorp, Inc.  | 3940224 | 420421901 |
| Fifth Third Bancorp  | 18922835 | 822386409 |
| First Commonwealth Financial Corp.  | 2980653 | 48435611 |
| First Financial Corp.  | 338811 | 19776398 |
| German American Bancorp, Inc.  | 1070011 | 42479437 |
| International Bancshares Corp.  | 1546116 | 102785792 |
| Lakeland Financial Corp.  | 728257 | 42428253 |
| Northwest Bancshares, Inc.  | 4165950 | 49824762 |
| OFG Bancorp  | 1274564 | 50638428 |
| Preferred Bank  | 327999 | 30966386 |
| Regions Financial Corp.  | 25510397 | 649239604 |
| S&T Bancorp, Inc.  | 1093888 | 43186698 |
|  |  | **3331147878** |
| **Capital Goods 7.0%** | **Capital Goods 7.0%** | **Capital Goods 7.0%** |
| Fastenal Co.  | 32810050 | 1325526020 |
| Lockheed Martin Corp.  | 5873635 | 2689302521 |
| &nbsp;&nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc., <br> Class A <br>| 1305221 | 116112460 |
| Snap-on, Inc.  | 1491300 | 507116565 |
| Watsco, Inc.  | 997851 | 345655587 |
|  |  | **4983713153** |
| **Commercial & Professional Services 1.6%** | **Commercial & Professional Services 1.6%** | **Commercial & Professional Services 1.6%** |
| Ennis, Inc.  | 736307 | 12841194 |
| Insperity, Inc.  | 1019009 | 36042348 |
| Kforce, Inc.  | 469710 | 13809474 |
| Paychex, Inc.  | 9269189 | 1035275720 |
| Robert Half, Inc.  | 2859933 | 77332588 |
|  |  | **1175301324** |
| **Consumer Discretionary Distribution & Retail 4.4%** | **Consumer Discretionary Distribution & Retail 4.4%** | **Consumer Discretionary Distribution & Retail 4.4%** |
| Best Buy Co., Inc.  | 5619284 | 445496835 |
| Buckle, Inc.  | 862709 | 48725804 |
| Home Depot, Inc.  | 6976961 | 2490216920 |
| Signet Jewelers Ltd.  | 1176447 | 117832932 |
|  |  | **3102272491** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Consumer Durables & Apparel 0.3%** | **Consumer Durables & Apparel 0.3%** | **Consumer Durables & Apparel 0.3%** |
| Carter's, Inc.  | 1036338 | 33069546 |
| Ethan Allen Interiors, Inc.  | 661182 | 15630343 |
| Oxford Industries, Inc.  | 404739 | 15444840 |
| Whirlpool Corp. *(a)* | 1597961 | 123602283 |
|  |  | **187747012** |
| **Consumer Services 1.1%** | **Consumer Services 1.1%** | **Consumer Services 1.1%** |
| Darden Restaurants, Inc.  | 3345914 | 600859236 |
| Vail Resorts, Inc.  | 1062148 | 148923771 |
| Wendy's Co.  | 4521913 | 38210165 |
|  |  | **787993172** |
| **Consumer Staples Distribution & Retail 1.7%** | **Consumer Staples Distribution & Retail 1.7%** | **Consumer Staples Distribution & Retail 1.7%** |
| Target Corp.  | 12989967 | **1177150809** |
| **Energy 19.2%** | **Energy 19.2%** | **Energy 19.2%** |
| APA Corp.  | 10228822 | 255413685 |
| Chevron Corp.  | 17996819 | 2719859256 |
| ConocoPhillips  | 30053642 | 2665457509 |
| Coterra Energy, Inc.  | 21817556 | 585583203 |
| EOG Resources, Inc.  | 15609503 | 1683484899 |
| Halliburton Co.  | 24375245 | 639118924 |
| HF Sinclair Corp.  | 4546222 | 240540606 |
| Murphy Oil Corp.  | 3835762 | 123012887 |
| ONEOK, Inc.  | 18004254 | 1311069776 |
| Ovintiv, Inc.  | 7348494 | 300994314 |
| SLB Ltd.  | 42653820 | 1545774437 |
| Valero Energy Corp.  | 8881301 | 1569858765 |
|  |  | **13640168261** |
| **Financial Services 2.0%** | **Financial Services 2.0%** | **Financial Services 2.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Artisan Partners Asset Management, <br> Inc., Class A <br>| 2014708 | 83570088 |
| Cohen & Steers, Inc.  | 789705 | 49948841 |
| Federated Hermes, Inc.  | 2113138 | 106016133 |
| Janus Henderson Group PLC  | 3567450 | 155933240 |
| Moelis & Co., Class A  | 2120687 | 136084485 |
| Radian Group, Inc.  | 3872407 | 137664069 |
| T. Rowe Price Group, Inc.  | 6281484 | 643098332 |
| Virtus Investment Partners, Inc.  | 182014 | 29047614 |
| Western Union Co.  | 9233365 | 81161278 |
|  |  | **1422524080** |
| **Food, Beverage & Tobacco 15.2%** | **Food, Beverage & Tobacco 15.2%** | **Food, Beverage & Tobacco 15.2%** |
| Altria Group, Inc.  | 42692148 | 2519263654 |
| Archer-Daniels-Midland Co.  | 13736088 | 834329985 |
| Coca-Cola Co.  | 41231733 | 3014864317 |
| Flowers Foods, Inc.  | 5562280 | 59683264 |
| General Mills, Inc.  | 15286260 | 723804411 |
| Hershey Co.  | 4234374 | 796401062 |
| PepsiCo, Inc.  | 19137360 | 2846490926 |
|  |  | **10794837619** |

---

**71**

------

Schwab U.S. Dividend Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Household & Personal Products 1.5%** | **Household & Personal Products 1.5%** | **Household & Personal Products 1.5%** |
| Interparfums, Inc.  | 521711 | 42399453 |
| Kimberly-Clark Corp.  | 9485327 | 1035038882 |
|  |  | **1077438335** |
| **Insurance 2.6%** | **Insurance 2.6%** | **Insurance 2.6%** |
| American Financial Group, Inc.  | 1978863 | 272529013 |
| AMERISAFE, Inc.  | 540930 | 22069944 |
| Cincinnati Financial Corp.  | 4470671 | 749239753 |
| CNA Financial Corp.  | 618208 | 28901224 |
| Fidelity National Financial, Inc.  | 7302256 | 433973074 |
| Unum Group  | 4479591 | 340314528 |
|  |  | **1847027536** |
| **Materials 2.7%** | **Materials 2.7%** | **Materials 2.7%** |
| Amcor PLC  | 65907897 | 561535282 |
| CF Industries Holdings, Inc.  | 4630682 | 364434673 |
| FMC Corp.  | 3571402 | 51035335 |
| Huntsman Corp.  | 4677505 | 48739602 |
| LyondellBasell Industries NV, Class A  | 7356534 | 360396601 |
| Packaging Corp. of America  | 2554966 | 521391912 |
|  |  | **1907533405** |
| **Media & Entertainment 0.2%** | **Media & Entertainment 0.2%** | **Media & Entertainment 0.2%** |
| Nexstar Media Group, Inc.  | 814709 | **156538187** |
| **Pharmaceuticals, Biotechnology & Life Sciences 18.2%** | **Pharmaceuticals, Biotechnology & Life Sciences 18.2%** | **Pharmaceuticals, Biotechnology & Life Sciences 18.2%** |
| AbbVie, Inc.  | 13426686 | 3057256402 |
| Amgen, Inc.  | 10021411 | 3461996644 |
| Bristol-Myers Squibb Co.  | 58191522 | 2863022883 |
| Merck & Co., Inc.  | 33791612 | 3542374686 |
|  |  | **12924650615** |
| **Semiconductors & Semiconductor Equipment 3.8%** | **Semiconductors & Semiconductor Equipment 3.8%** | **Semiconductors & Semiconductor Equipment 3.8%** |
| Skyworks Solutions, Inc.  | 4243444 | 279855132 |
| Texas Instruments, Inc.  | 14532425 | 2445371154 |
|  |  | **2725226286** |
| **Technology Hardware & Equipment 4.5%** | **Technology Hardware & Equipment 4.5%** | **Technology Hardware & Equipment 4.5%** |
| Cisco Systems, Inc.  | 42036024 | **3234251687** |
| **Telecommunication Services 3.8%** | **Telecommunication Services 3.8%** | **Telecommunication Services 3.8%** |
| Verizon Communications, Inc.  | 65033780 | **2673538696** |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Transportation 2.8%** | **Transportation 2.8%** | **Transportation 2.8%** |
| United Parcel Service, Inc., Class B  | 21042911 | **2015700445** |
| **Utilities 0.0%** | **Utilities 0.0%** | **Utilities 0.0%** |
| Clearway Energy, Inc., Class A  | 987063 | **33757555** |
| **Total Common Stocks**<br> **(Cost $66,574,655,700)** | **Total Common Stocks**<br> **(Cost $66,574,655,700)** | **70920992562** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.0% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.0% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.0% OF NET ASSETS |
| **Money Market Funds 0.0%** | **Money Market Funds 0.0%** | **Money Market Funds 0.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(b)*<br>| 10252436 | 10252436 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.94% *(b)(c)*<br>| 13918450 | 13918450 |
|  |  | **24170886** |
| **Total Short-Term Investments**<br> **(Cost $24,170,886)** | **Total Short-Term Investments**<br> **(Cost $24,170,886)** | **24170886** |
| **Total Investments in Securities**<br> **(Cost $66,598,826,586)** | **Total Investments in Securities**<br> **(Cost $66,598,826,586)** | **70945163448** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; DJIA CBOT, e-mini, expires <br> 12/19/25<br>| 778 | 185720270 | 3436341 |
| &nbsp;&nbsp;&nbsp;&nbsp; S&P 400 Mid-Cap Index, <br> e-mini, expires 12/19/25<br>| 100 | 33144000 | 1222108 |
|  |  |  | **4658449** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* All or a portion of this security is on loan. Securities on loan were valued at $13,373,815.

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* The rate shown is the annualized 7-day yield.

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* Security purchased with cash collateral received for securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

CBOT — Chicago Board of Trade

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

**72**

------

Schwab U.S. Dividend Equity ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of November 30, 2025 (see notes to portfolio holdings for additional information):

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $70920992562 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $70920992562 |
| Short-Term Investments<sup>1</sup> <br>| 24170886 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24170886 |
| Futures Contracts<sup>2</sup> <br>| 4658449 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4658449 |
| **Total** | **$70949821897** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$70949821897** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>1</sup> As categorized in the Portfolio Holdings. <br> <sup>2</sup> Futures contracts are reported at cumulative unrealized appreciation or depreciation.

**73**

------

Schwab U.S. Equity ETFs

**Notes to Portfolio Holdings (Unaudited)** 

------

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the 1940 Act), the Board of Trustees (the Board) has designated authority to a Valuation Designee, the funds' investment adviser, to make fair valuation determinations under adopted procedures, subject to Board oversight. The investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and liabilities as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities held in the funds' portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee to value various types of securities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities traded on an exchange or over-the-counter:** Traded securities are valued at the closing value for the day, or, on days when no closing value has been reported, at the mean of the most recent bid and ask quotes. Securities that are primarily traded on foreign exchanges are valued at the official closing price or the last sales price on the exchange where the securities are principally traded with these values then translated into U.S. dollars at the current exchange rate, unless these securities are fair valued as discussed below.

&nbsp;&nbsp;&nbsp;&nbsp;● **Futures contracts:** Futures contracts are valued at their settlement prices as of the close of their exchanges.

&nbsp;&nbsp;&nbsp;&nbsp;● **Mutual funds:** Mutual funds are valued at their respective net asset values (NAVs).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities for which no quoted value is available:** The Valuation Designee has adopted procedures to fair value a fund's securities when market prices are not "readily available" or are unreliable. For example, a security may be fair valued when it's de-listed or its trading is halted or suspended; when a security's primary pricing source is unable or unwilling to provide a price; or when a security's primary trading market is closed during regular market hours. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security.

In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the funds disclose the fair value of their investments in a hierarchy that prioritizes the significant inputs to valuation methods used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If it is determined that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and the Valuation Designee's judgment will be required to estimate fair value.

The three levels of the fair value hierarchy are as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 1 — quoted prices in active markets for identical investments — Investments whose values are based on quoted market prices in active markets. These generally include active listed equities, mutual funds, exchange-traded funds (ETFs) and futures contracts. Mutual funds and ETFs are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2 or Level 3 in the fair value hierarchy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include forward foreign currency exchange contracts, U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Level 3 — significant unobservable inputs (including the Valuation Designee's assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not readily available for these securities, one or more valuation methods are used for which sufficient and reliable data is available. The inputs used in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore a fund's results of operations.

**74**

------

Schwab U.S. Equity ETFs

**Notes to Portfolio Holdings (Unaudited) (continued)**

------

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The levels associated with valuing the funds' investments as of November 30, 2025, are disclosed in each fund's Portfolio Holdings.

REG89948NOV25

**75**

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SCHWAB STRATEGIC TRUST

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

- **c. CIK number of Registrant:** 0001454889

- **d. LEI of Registrant:** 549300NAZEQOIX80E226

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 9800 Schwab Way

  - **City:** Lone Tree

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80124

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

**Item A.2. Information about the Series.**

- **a. Name of Series:** Schwab 1000 Index ETF

- **b. EDGAR series identifier (if any):** S000059091

- **c. LEI of Series:** 549300ILTOKOUL3LZF18

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $4838499952.15

**Total Liabilities:** $1990545.23

**Net Assets:** $4836509406.92

**Cash Not Reported:** $598393.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000193734 | 3.44%                | 2.24%                | 0.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12878564.26            | $163020373.52                              |
| Month 2  | $2017935.16              | $100636887.87                              |
| Month 3  | $4312082.25              | $-3859450.33                               |

### Schedule of Portfolio Investments

| Name                                                       | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAON Inc                                                   | AAON Inc                                                   | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Long             | EC               | CORP              | US        |      5085 | NS      | $475345.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                                                    | ADT Inc                                                    | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38947 | NS      | $321312.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                                                  | Aflac Inc                                                  | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |     36478 | NS      | $4023888.18   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                                  | AGCO Corp                                                  | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      4624 | NS      | $489959.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp                                       | AGNC Investment Corp                                       | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               |  | US        |     78257 | NS      | $820915.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                                               | AES Corp                                                   | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     53869 | NS      | $757398.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                                             | API Group Corp                                             | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     28192 | NS      | $1115275.52   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                   | AT&T Inc                                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    541021 | NS      | $14077366.42  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc                                        | AST SpaceMobile Inc                                        | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |     17713 | NS      | $995470.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                        | Abbott Laboratories                                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    131744 | NS      | $16981801.60  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                                 | AbbVie Inc                                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    133773 | NS      | $30460112.10  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                                          | ACI Worldwide Inc                                          | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |      7699 | NS      | $360775.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                                                 | Acuity Inc                                                 | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2313 | NS      | $847529.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                  | Adobe Inc                                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     32122 | NS      | $10283215.86  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                                      | AECOM                                                      | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     10089 | NS      | $1040478.57   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                                 | Advanced Micro Devices Inc                                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    122886 | NS      | $26731391.58  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                              | Advanced Drainage Systems Inc                              | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |      5421 | NS      | $826051.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc                             | Advanced Energy Industries Inc                             | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      2810 | NS      | $593443.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                          | AeroVironment Inc                                          | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      2383 | NS      | $665953.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                              | Affiliated Managers Group Inc                              | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      2121 | NS      | $570188.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc                                        | Affirm Holdings Inc                                        | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21330 | NS      | $1513363.50   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                                   | Agilent Technologies Inc                                   | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     21520 | NS      | $3303320.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                                          | Agree Realty Corp                                          | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               |  | US        |      8335 | NS      | $626958.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb Inc                                                 | Airbnb Inc                                                 | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |     32526 | NS      | $3805216.74   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                                             | Air Lease Corp                                             | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      8099 | NS      | $517769.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                             | Air Products and Chemicals Inc                             | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     16838 | NS      | $4395559.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                                    | Akamai Technologies Inc                                    | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |     10813 | NS      | $967979.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                                       | Alaska Air Group Inc                                       | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |      8703 | NS      | $373010.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                                             | Albemarle Corp                                             | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      8900 | NS      | $1156911.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Albertsons Cos Inc                                         | Albertsons Cos Inc                                         | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     30873 | NS      | $565902.09    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                                 | Alcoa Corp                                                 | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     19576 | NS      | $817102.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc                        | Alexandria Real Estate Equities Inc                        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |     11769 | NS      | $631642.23    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                                       | Align Technology Inc                                       | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      5154 | NS      | $758617.26    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                                    | ATI Inc                                                    | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     10424 | NS      | $1050739.20   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                                   | Allegro MicroSystems Inc                                   | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9372 | NS      | $250138.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp                                        | Alliant Energy Corp                                        | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     19425 | NS      | $1349454.75   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc                          | Allison Transmission Holdings Inc                          | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |      6433 | NS      | $570349.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                                          | Allstate Corp/The                                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     19940 | NS      | $4246821.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                                         | Ally Financial Inc                                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     21103 | NS      | $871553.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                                | Alnylam Pharmaceuticals Inc                                | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      9911 | NS      | $4472140.53   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | Alphabet Inc                                               | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    353571 | NS      | $113185148.52 | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                               | Alphabet Inc                                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    440431 | NS      | $141017197.58 | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                                                   | Oklo Inc                                                   | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8782 | NS      | $802499.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                                           | Altria Group Inc                                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    126965 | NS      | $7492204.65   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                             | Amazon.com Inc                                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    734814 | NS      | $171373321.08 | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co                                          | U-Haul Holding Co                                          | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |      7555 | NS      | $363471.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                                                | Ameren Corp                                                | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     20466 | NS      | $2176559.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                                | American Airlines Group Inc                                | CUSIP: 02376R102<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | EC               | CORP              | US        |     50301 | NS      | $706729.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc                                       | Amentum Holdings Inc                                       | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |     11390 | NS      | $326095.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                             | American Electric Power Co Inc                             | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     40507 | NS      | $5013551.39   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                                        | American Express Co                                        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     41107 | NS      | $15015153.89  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH                            | American Financial Group Inc/OH                            | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |      5211 | NS      | $717658.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                      | American Homes 4 Rent                                      | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     24373 | NS      | $782860.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc                           | American International Group Inc                           | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     41984 | NS      | $3197501.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                        | American Tower Corp                                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |     35507 | NS      | $6436353.89   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                                | American Water Works Co Inc                                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     14750 | NS      | $1918532.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                                | Cencora Inc                                                | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     14652 | NS      | $5405562.36   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                                   | Ameriprise Financial Inc                                   | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |      7127 | NS      | $3248058.98   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                                 | AMETEK Inc                                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     17471 | NS      | $3457336.19   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                                  | Amgen Inc                                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     40762 | NS      | $14081640.52  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                                       | Amkor Technology Inc                                       | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |      8454 | NS      | $307641.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                              | Amphenol Corp                                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     92521 | NS      | $13036208.90  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                         | Analog Devices Inc                                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     37586 | NS      | $9973069.24   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc                              | Annaly Capital Management Inc                              | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               |  | US        |     48606 | NS      | $1108216.80   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                                      | Antero Resources Corp                                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     22386 | NS      | $815521.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                                        | Elevance Health Inc                                        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     17032 | NS      | $5761244.32   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp                                      | Antero Midstream Corp                                      | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25741 | NS      | $463595.41    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                                                   | APA Corp                                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     27126 | NS      | $677336.22    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                               | Apollo Global Management Inc                               | CUSIP: 03769M106<br>LEI: 54930054P2G7ZJB0KM79 | Long             | EC               | CORP              | US        |     34884 | NS      | $4599455.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                  | Apple Inc                                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1123632 | NS      | $313324783.20 | 6.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Appfolio Inc                                               | Appfolio Inc                                               | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      1718 | NS      | $392185.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc                        | Applied Industrial Technologies Inc                        | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      2928 | NS      | $757824.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                      | Applied Materials Inc                                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     60759 | NS      | $15326457.75  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                              | AppLovin Corp                                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     20518 | NS      | $12300130.64  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                                             | AptarGroup Inc                                             | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      4954 | NS      | $618011.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                                    | Aramark                                                    | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     19926 | NS      | $740649.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation Inc                                        | Archer Aviation Inc                                        | CUSIP: 03945R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46153 | NS      | $359531.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                                  | Archer-Daniels-Midland Co                                  | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |     36344 | NS      | $2207534.56   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                                       | Ares Management Corp                                       | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     15554 | NS      | $2439644.90   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                        | Arista Networks Inc                                        | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     78116 | NS      | $10208198.88  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc                             | Armstrong World Industries Inc                             | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      3270 | NS      | $620449.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc                                      | Arrow Electronics Inc                                      | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      3964 | NS      | $428151.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc                                               | Assurant Inc                                               | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      3780 | NS      | $862444.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                                            | Astera Labs Inc                                            | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |      9795 | NS      | $1543398.15   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                                             | Atlassian Corp                                             | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |     12491 | NS      | $1867654.32   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                                          | Atmos Energy Corp                                          | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |     12081 | NS      | $2130725.97   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurora Innovation Inc                                      | Aurora Innovation Inc                                      | CUSIP: 051774107<br>LEI: 984500AB2E0D9F7D9D76 | Long             | EC               | CORP              | US        |     86668 | NS      | $363138.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                               | Autodesk Inc                                               | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     16202 | NS      | $4914714.68   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv Inc                                                | Autoliv Inc                                                | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | US        |      5376 | NS      | $634314.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                              | Automatic Data Processing Inc                              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     30699 | NS      | $7837454.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                                             | AutoNation Inc                                             | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2109 | NS      | $445610.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                               | AutoZone Inc                                               | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      1269 | NS      | $5018044.77   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                                  | AvalonBay Communities Inc                                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |     10833 | NS      | $1970956.02   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                                | Avantor Inc                                                | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51587 | NS      | $605115.51    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                                        | Avery Dennison Corp                                        | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |      5936 | NS      | $1023188.32   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences Inc                                    | Avidity Biosciences Inc                                    | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10191 | NS      | $730694.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc                                      | Avis Budget Group Inc                                      | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |      1260 | NS      | $171208.80    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                        | Axon Enterprise Inc                                        | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      5940 | NS      | $3208431.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc                                    | Axsome Therapeutics Inc                                    | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |      3168 | NS      | $479952.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc                           | BJ's Wholesale Club Holdings Inc                           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     10034 | NS      | $895333.82    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                                         | BOK Financial Corp                                         | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |      1638 | NS      | $184471.56    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                                       | BWX Technologies Inc                                       | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      6901 | NS      | $1234450.88   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                                           | Badger Meter Inc                                           | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      2231 | NS      | $398322.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes a GE Co LLC                                   | Baker Hughes Co                                            | CUSIP: 05722G100<br>LEI: 549300XU3XH6F05YEQ93 | Long             | EC               | CORP              | US        |     74732 | NS      | $3751546.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                               | Balchem Corp                                               | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      2420 | NS      | $378028.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                                  | Ball Corp                                                  | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     20631 | NS      | $1021853.43   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                       | Bank of America Corp                                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    515748 | NS      | $27669880.20  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The                           | Bank of New York Mellon Corp/The                           | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |     53456 | NS      | $5992417.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                                   | Bank OZK                                                   | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |      7980 | NS      | $367239.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                                      | Bath & Body Works Inc                                      | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     16300 | NS      | $283783.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc                                   | Baxter International Inc                                   | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     38357 | NS      | $718810.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                                      | Becton Dickinson & Co                                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     21709 | NS      | $4211980.18   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                                                 | Belden Inc                                                 | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      2997 | NS      | $339859.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bentley Systems Inc                                        | Bentley Systems Inc                                        | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     11261 | NS      | $472511.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                                           | W R Berkley Corp                                           | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     22683 | NS      | $1762242.27   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                     | Berkshire Hathaway Inc                                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    138840 | NS      | $71337380.40  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                            | Best Buy Co Inc                                            | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     14896 | NS      | $1180954.88   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL Holdings Inc                                          | BILL Holdings Inc                                          | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      7096 | NS      | $355864.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc                                   | Bio-Rad Laboratories Inc                                   | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      1410 | NS      | $458052.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc                                | BioMarin Pharmaceutical Inc                                | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     14512 | NS      | $811656.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                                 | Biogen Inc                                                 | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     11060 | NS      | $2013915.40   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                            | Bio-Techne Corp                                            | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     12005 | NS      | $774442.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                             | Blackstone Inc                                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     55824 | NS      | $8173750.08   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                                              | Blackrock Inc                                              | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |     10913 | NS      | $11429184.90  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                              | H&R Block Inc                                              | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     10147 | NS      | $427391.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                                          | Bloom Energy Corp                                          | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     16265 | NS      | $1776788.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Inc                                       | Blue Owl Capital Inc                                       | CUSIP: 09581B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46805 | NS      | $702075.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                              | Boeing Co/The                                              | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |     57302 | NS      | $10830078.00  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                       | Booking Holdings Inc                                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2454 | NS      | $12060649.26  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                                     | Boot Barn Holdings Inc                                     | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |      2280 | NS      | $441909.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp                           | Booz Allen Hamilton Holding Corp                           | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      9335 | NS      | $779099.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                                             | BorgWarner Inc                                             | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |     16532 | NS      | $711867.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                                    | BXP Inc                                                    | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |     11007 | NS      | $796466.52    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                                     | Boston Scientific Corp                                     | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    112084 | NS      | $11385492.72  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                                           | Boyd Gaming Corp                                           | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      4592 | NS      | $382513.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                                       | Bridgebio Pharma Inc                                       | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |     12722 | NS      | $916111.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions Inc                       | Bright Horizons Family Solutions Inc                       | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4276 | NS      | $439401.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc                                  | Brinker International Inc                                  | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |      3357 | NS      | $516273.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                                    | Bristol-Myers Squibb Co                                    | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |    154263 | NS      | $7589739.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                                 | Brixmor Property Group Inc                                 | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |     22987 | NS      | $600880.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc                         | Broadridge Financial Solutions Inc                         | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      8879 | NS      | $2025211.11   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                               | Broadcom Inc                                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    356121 | NS      | $143502518.16 | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                                          | Brown & Brown Inc                                          | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     22169 | NS      | $1783052.67   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                                          | Brown-Forman Corp                                          | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     13337 | NS      | $386506.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                                   | Builders FirstSource Inc                                   | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      8386 | NS      | $941160.78    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                                      | Burlington Stores Inc                                      | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      4696 | NS      | $1184472.08   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets Inc                                    | Cboe Global Markets Inc                                    | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |      7876 | NS      | $2033346.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                                             | CBRE Group Inc                                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     22194 | NS      | $3591655.02   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC Intelligent Solutions Holdings Inc                     | CCC Intelligent Solutions Holdings Inc                     | CUSIP: 12510Q100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44625 | NS      | $332456.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                                | CDW Corp/DE                                                | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      9918 | NS      | $1430373.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                                 | CF Industries Holdings Inc                                 | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     12380 | NS      | $974306.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc                                  | CH Robinson Worldwide Inc                                  | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      8911 | NS      | $1415690.57   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                                            | Cigna Group/The                                            | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     20195 | NS      | $5599669.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                              | CME Group Inc                                              | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     27302 | NS      | $7684420.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                            | CMS Energy Corp                                            | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     22650 | NS      | $1708716.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CNA Financial Corp                                         | CNA Financial Corp                                         | CUSIP: 126117100<br>LEI: 549300YX2GSZD7YG1R84 | Long             | EC               | CORP              | US        |      1536 | NS      | $71808.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                                   | CSX Corp                                                   | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    141292 | NS      | $4996085.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                            | CVS Health Corp                                            | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     96122 | NS      | $7724363.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                                         | Coterra Energy Inc                                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     57854 | NS      | $1552801.36   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                                     | CACI International Inc                                     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      1679 | NS      | $1036110.90   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                                 | Cadence Design Systems Inc                                 | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     20668 | NS      | $6445109.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                               | Cadence Bank                                               | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     14198 | NS      | $565648.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc                                  | Caesars Entertainment Inc                                  | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |     15405 | NS      | $358474.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                                        | Cal-Maine Foods Inc                                        | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      3442 | NS      | $286787.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                                      | Camden Property Trust                                      | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |      8013 | NS      | $852102.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell's Company/The                                     | Campbell's Company/The                                     | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |     14945 | NS      | $455523.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                                 | Capital One Financial Corp                                 | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     48464 | NS      | $10617008.48  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                                        | Cardinal Health Inc                                        | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     18091 | NS      | $3839995.66   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                                         | CareTrust REIT Inc                                         | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |     16640 | NS      | $624499.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                           | Carlisle Cos Inc                                           | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      3228 | NS      | $1026729.96   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                                 | CarMax Inc                                                 | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |     11343 | NS      | $438520.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                                      | Carlyle Group Inc/The                                      | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     19689 | NS      | $1073641.17   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                              | Carnival Corp                                              | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |     82196 | NS      | $2119012.88   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                                  | Carpenter Technology Corp                                  | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      3786 | NS      | $1205992.44   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                                        | Carrier Global Corp                                        | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     60601 | NS      | $3325782.88   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co                                                 | Carvana Co                                                 | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |     10440 | NS      | $3909780.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc                                  | Casella Waste Systems Inc                                  | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |      4755 | NS      | $458334.45    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc                                 | Casey's General Stores Inc                                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      2811 | NS      | $1603563.06   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group Inc                                             | Cava Group Inc                                             | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7528 | NS      | $368043.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                            | Caterpillar Inc                                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     35481 | NS      | $20428540.56  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                                              | Celanese Corp                                              | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |      8160 | NS      | $339864.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                                       | Celsius Holdings Inc                                       | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12139 | NS      | $496970.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                               | Centene Corp                                               | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     35370 | NS      | $1391455.80   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                                     | CenterPoint Energy Inc                                     | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     49141 | NS      | $1964657.18   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce Inc                                               | Dayforce Inc                                               | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |     12219 | NS      | $844332.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc               | Charles River Laboratories International Inc               | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      3737 | NS      | $665709.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                                       | Chart Industries Inc                                       | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      3337 | NS      | $680581.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                                 | Charter Communications Inc                                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      7024 | NS      | $1405642.88   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                                | Chemed Corp                                                | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      1090 | NS      | $478717.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                        | Cheniere Energy Inc                                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     16633 | NS      | $3467315.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp                                         | Expand Energy Corp                                         | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     18027 | NS      | $2198032.11   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                               | Chevron Corp                                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145716 | NS      | $22022059.08  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                                  | Chewy Inc                                                  | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |     16834 | NS      | $585318.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                                 | Chipotle Mexican Grill Inc                                 | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |    101632 | NS      | $3508336.64   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc                            | Choice Hotels International Inc                            | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |      1542 | NS      | $140722.92    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                                     | Church & Dwight Co Inc                                     | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     18455 | NS      | $1571627.80   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                                        | Churchill Downs Inc                                        | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      5017 | NS      | $547304.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                                 | Ciena Corp                                                 | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     10746 | NS      | $2194440.66   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp                                  | Cincinnati Financial Corp                                  | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |     11853 | NS      | $1986444.27   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group Inc                                  | Circle Internet Group Inc                                  | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |      4006 | NS      | $320199.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                                           | Cirrus Logic Inc                                           | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      3971 | NS      | $477870.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                          | Cisco Systems Inc                                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    299753 | NS      | $23062995.82  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                                | Cintas Corp                                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25937 | NS      | $4824800.74   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                              | Citigroup Inc                                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    139543 | NS      | $14456654.80  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                               | Citizens Financial Group Inc                               | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     32695 | NS      | $1768799.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                                          | Clean Harbors Inc                                          | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      3874 | NS      | $881567.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc                          | Clearwater Analytics Holdings Inc                          | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21767 | NS      | $480180.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                                       | Cleveland-Cliffs Inc                                       | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |     43098 | NS      | $561997.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                                              | Clorox Co/The                                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      9283 | NS      | $1002007.02   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                                             | Cloudflare Inc                                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     23659 | NS      | $4736768.39   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                                 | Coca-Cola Consolidated Inc                                 | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |      4546 | NS      | $740770.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                           | Coca-Cola Co/The                                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    293143 | NS      | $21434616.16  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                           | Coeur Mining Inc                                           | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     48602 | NS      | $839356.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                                | Cognex Corp                                                | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     12965 | NS      | $493966.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp                        | Cognizant Technology Solutions Corp. Class A               | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     36998 | NS      | $2875114.58   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                              | Coherent Corp                                              | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     11822 | NS      | $1941881.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                                        | Coinbase Global Inc                                        | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     17098 | NS      | $4664676.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                                       | Colgate-Palmolive Co                                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     61239 | NS      | $4923003.21   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                                | Columbia Banking System Inc                                | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     22844 | NS      | $633235.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                                    | Comfort Systems USA Inc                                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      2656 | NS      | $2594752.64   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                               | Comcast Corp                                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    278431 | NS      | $7431323.39   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                                               | Comerica Inc                                               | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |      9729 | NS      | $782017.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO                                 | Commerce Bancshares Inc/MO                                 | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9366 | NS      | $504921.06    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                                       | Commercial Metals Co                                       | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      8421 | NS      | $537091.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                                      | Commvault Systems Inc                                      | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      3406 | NS      | $420641.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                                         | Conagra Brands Inc                                         | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     36402 | NS      | $649775.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent Inc                                              | Confluent Inc                                              | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     21848 | NS      | $486118.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                             | ConocoPhillips                                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     94673 | NS      | $8396548.37   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                                    | Consolidated Edison Inc                                    | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     27332 | NS      | $2743039.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                                   | Constellation Brands Inc                                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |     10792 | NS      | $1471812.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                                  | Constellation Energy Corp                                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     23683 | NS      | $8629137.88   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc                                  | Construction Partners Inc                                  | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |      3589 | NS      | $391201.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                                         | Cooper Cos Inc/The                                         | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     15199 | NS      | $1184458.07   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                                 | Copart Inc                                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     67211 | NS      | $2619884.78   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc                                   | Corcept Therapeutics Inc                                   | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |      7078 | NS      | $561993.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                                   | Corebridge Financial Inc                                   | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     21363 | NS      | $641317.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreWeave Inc                                              | CoreWeave Inc                                              | CUSIP: 21873S108<br>LEI: 984500511DP2B6186053 | Long             | EC               | CORP              | US        |     16511 | NS      | $1207284.32   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                                            | Core & Main Inc                                            | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14482 | NS      | $700059.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                                                | Corning Inc                                                | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |     58950 | NS      | $4963590.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                                 | Corpay Inc                                                 | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      5310 | NS      | $1570698.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                                | Corteva Inc                                                | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     51459 | NS      | $3471938.73   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                                      | Costco Wholesale Corp                                      | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     33578 | NS      | $30676525.02  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc                                           | CoStar Group Inc                                           | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     31925 | NS      | $2196440.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                                                | Coupang Inc                                                | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |    102018 | NS      | $2872826.88   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                                   | Crane Co                                                   | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |      3756 | NS      | $688287.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corp                                     | Credit Acceptance Corp                                     | CUSIP: 225310101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       474 | NS      | $218973.78    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                                   | Crowdstrike Holdings Inc                                   | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |     18874 | NS      | $9609885.84   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                           | Crown Castle Inc                                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |     33003 | NS      | $3012513.84   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                                         | Crown Holdings Inc                                         | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |      8800 | NS      | $852104.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                                  | CubeSmart                                                  | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |     17374 | NS      | $646834.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc                                   | Cullen/Frost Bankers Inc                                   | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      4954 | NS      | $612908.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                                | Cummins Inc                                                | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     10420 | NS      | $5188951.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                                        | Curtiss-Wright Corp                                        | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      2833 | NS      | $1598633.57   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                                           | Cytokinetics Inc                                           | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |      9075 | NS      | $618279.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                              | DR Horton Inc                                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     20979 | NS      | $3335870.79   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                              | DTE Energy Co                                              | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     15724 | NS      | $2154659.72   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                           | DT Midstream Inc                                           | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7746 | NS      | $940829.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                               | Danaher Corp                                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     48278 | NS      | $10948484.84  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc                                     | Darden Restaurants Inc                                     | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |      8872 | NS      | $1593233.76   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                                | Datadog Inc                                                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     24424 | NS      | $3908084.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc                                                 | DaVita Inc                                                 | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      2674 | NS      | $320024.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                                       | Deckers Outdoor Corp                                       | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     11208 | NS      | $986640.24    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                                 | Deere & Co                                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     19073 | NS      | $8859217.77   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                                      | Dell Technologies Inc                                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |     22898 | NS      | $3053448.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                                        | Delta Air Lines Inc                                        | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     49156 | NS      | $3150899.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                                          | Devon Energy Corp                                          | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     48108 | NS      | $1782882.48   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                                 | Dexcom Inc                                                 | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     29688 | NS      | $1884297.36   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                     | Diamondback Energy Inc                                     | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     14224 | NS      | $2170440.16   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                                  | Dick's Sporting Goods Inc                                  | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      5031 | NS      | $1039253.67   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                                   | Digital Realty Trust Inc                                   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |     24252 | NS      | $3883230.24   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                                              | Dillard's Inc                                              | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       225 | NS      | $150763.50    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                         | Walt Disney Co/The                                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    136217 | NS      | $14230589.99  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                                               | Docusign Inc                                               | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     15178 | NS      | $1052594.30   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                                        | Dollar General Corp                                        | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     16595 | NS      | $1816986.55   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                                            | Dollar Tree Inc                                            | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     14714 | NS      | $1630458.34   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                        | Dominion Energy Inc                                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     64670 | NS      | $4059335.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                                         | Domino's Pizza Inc                                         | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      2390 | NS      | $1002915.70   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                           | Donaldson Co Inc                                           | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      8833 | NS      | $794086.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                               | DoorDash Inc                                               | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |     28038 | NS      | $5561898.06   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                                 | Dover Corp                                                 | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     10366 | NS      | $1920612.48   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                                    | Dow Inc                                                    | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     53714 | NS      | $1281078.90   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                                             | DraftKings Inc                                             | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |     37591 | NS      | $1246517.56   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                                | Dropbox Inc                                                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     14001 | NS      | $418349.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                           | Duke Energy Corp                                           | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     58917 | NS      | $7302172.98   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                               | Duolingo Inc                                               | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2970 | NS      | $568487.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                                      | DuPont de Nemours Inc                                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     31645 | NS      | $1258521.65   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                                               | Doximity Inc                                               | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10299 | NS      | $529780.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dutch Bros Inc                                             | Dutch Bros Inc                                             | CUSIP: 26701L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9594 | NS      | $562304.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc                                         | D-Wave Quantum Inc                                         | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |     25588 | NS      | $580079.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                                       | Dycom Industries Inc                                       | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      2193 | NS      | $792835.29    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                              | Dynatrace Inc                                              | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |     22878 | NS      | $1019443.68   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                                             | elf Beauty Inc                                             | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      4387 | NS      | $334157.79    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                                          | EOG Resources Inc                                          | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     41187 | NS      | $4442017.95   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                                   | EQT Corp                                                   | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |     47263 | NS      | $2876426.18   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                                        | Eagle Materials Inc                                        | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      2421 | NS      | $541626.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                                      | East West Bancorp Inc                                      | CUSIP: 27579R104<br>LEI: 254900O4X656YXFOYB11 | Long             | EC               | CORP              | US        |     10453 | NS      | $1115335.10   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                                   | EastGroup Properties Inc                                   | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |      4054 | NS      | $734503.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                                        | Eastman Chemical Co                                        | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      8838 | NS      | $548663.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                                   | eBay Inc                                                   | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     34626 | NS      | $2866686.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp                                              | EchoStar Corp                                              | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     10155 | NS      | $744259.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                                 | Ecolab Inc                                                 | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     19305 | NS      | $5311963.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                       | Edison International                                       | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     29122 | NS      | $1714994.58   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                                  | Edwards Lifesciences Corp                                  | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     44497 | NS      | $3856554.99   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                                   | Elanco Animal Health Inc                                   | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |     37610 | NS      | $875184.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                                        | Electronic Arts Inc                                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     17034 | NS      | $3441379.02   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                                      | Element Solutions Inc                                      | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     16930 | NS      | $438825.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                                            | EMCOR Group Inc                                            | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      3376 | NS      | $2076476.32   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                                        | Emerson Electric Co                                        | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     42644 | NS      | $5687856.72   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                                         | Enact Holdings Inc                                         | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |      1969 | NS      | $76219.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                                      | Encompass Health Corp                                      | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      7606 | NS      | $883969.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                                         | Enphase Energy Inc                                         | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      9626 | NS      | $277710.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                                       | Ensign Group Inc/The                                       | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      4391 | NS      | $814706.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                                               | Entegris Inc                                               | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     11625 | NS      | $896752.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                               | Entergy Corp                                               | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     33819 | NS      | $3298028.88   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                                           | EPAM Systems Inc                                           | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      4202 | NS      | $785774.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                                | Equifax Inc                                                | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      9387 | NS      | $1993517.19   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                                | Equinix Inc                                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |      7397 | NS      | $5572234.07   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                     | Equitable Holdings Inc                                     | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     22675 | NS      | $1058695.75   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                            | Equity LifeStyle Properties Inc                            | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |     14855 | NS      | $933933.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                         | Equity Residential                                         | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |     26266 | NS      | $1621925.50   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                                          | Erie Indemnity Co                                          | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |      1964 | NS      | $580342.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                                  | Esab Corp                                                  | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      4370 | NS      | $490488.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                                      | ESCO Technologies Inc                                      | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      1927 | NS      | $410277.57    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc                      | Essential Properties Realty Trust Inc                      | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |     15071 | NS      | $477147.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                                    | Essential Utilities Inc                                    | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     21229 | NS      | $840456.11    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                                   | Essex Property Trust Inc                                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |      4873 | NS      | $1284620.26   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                                   | Etsy Inc                                                   | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      7488 | NS      | $405999.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                               | Evercore Inc                                               | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      2956 | NS      | $946126.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                                 | Evergy Inc                                                 | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     17423 | NS      | $1352895.95   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                          | Eversource Energy                                          | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     28160 | NS      | $1891788.80   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp                                        | Exact Sciences Corp                                        | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |     14367 | NS      | $1455233.43   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                                | Exelon Corp                                                | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     76565 | NS      | $3607742.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                               | Exelixis Inc                                               | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     20651 | NS      | $912154.67    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc                                    | ExlService Holdings Inc                                    | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     12257 | NS      | $486970.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                          | Expedia Group Inc                                          | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      8958 | NS      | $2290471.02   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington Inc                 | Expeditors International of Washington Inc                 | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     10250 | NS      | $1505725.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                                    | Extra Space Storage Inc                                    | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |     16069 | NS      | $2139908.73   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                           | Exxon Mobil Corp                                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    322789 | NS      | $37417700.88  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                                                | FNB Corp/PA                                                | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     27111 | NS      | $451127.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                                         | FTI Consulting Inc                                         | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      2369 | NS      | $386502.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                         | Meta Platforms Inc                                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    164222 | NS      | $106407644.90 | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc                               | FactSet Research Systems Inc                               | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      2825 | NS      | $783287.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                            | Fair Isaac Corp                                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      1819 | NS      | $3284804.77   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                                | Fastenal Co                                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     86975 | NS      | $3513790.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust                            | Federal Realty Investment Trust                            | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               |  | US        |      5884 | NS      | $580927.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                                        | Federal Signal Corp                                        | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |      4533 | NS      | $516762.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                                 | FedEx Corp                                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     16425 | NS      | $4528044.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                                   | Ferguson Enterprises Inc                                   | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     14944 | NS      | $3760956.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                                     | F5 Inc                                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      4312 | NS      | $1031257.92   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc                 | Fidelity National Information Services Inc                 | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |     39580 | NS      | $2603176.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial Inc                            | Fidelity National Financial Inc                            | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     19336 | NS      | $1149138.48   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                        | Fifth Third Bancorp                                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     50175 | NS      | $2180605.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Figma Inc                                                  | Figma Inc                                                  | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Long             | EC               | CORP              | US        |      2736 | NS      | $98413.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                              | First American Financial Corp                              | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |      7785 | NS      | $511941.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/NC                           | First Citizens BancShares Inc/NC                           | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       798 | NS      | $1498556.22   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc                             | First Financial Bankshares Inc                             | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |      9627 | NS      | $300747.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                                         | First Horizon Corp                                         | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     38372 | NS      | $857230.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc                          | First Industrial Realty Trust Inc                          | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |      9986 | NS      | $571598.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                            | First Solar Inc                                            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      8146 | NS      | $2223206.32   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                                     | FirstCash Holdings Inc                                     | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2957 | NS      | $468418.37    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                                 | Fiserv Inc                                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     41193 | NS      | $2532133.71   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                                           | FirstEnergy Corp                                           | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     39488 | NS      | $1884367.36   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                                             | Five Below Inc                                             | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      4149 | NS      | $684128.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings Inc                                 | Floor & Decor Holdings Inc                                 | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |      8152 | NS      | $518630.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                                                 | Fluor Corp                                                 | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     11988 | NS      | $514644.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                                             | Flowserve Corp                                             | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |      9789 | NS      | $698445.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                                              | Ford Motor Co                                              | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    296313 | NS      | $3935036.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                               | Fortinet Inc                                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     49302 | NS      | $3999871.26   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                                               | Fortive Corp                                               | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     25613 | NS      | $1369783.24   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Home & Security Inc                         | Fortune Brands Innovations Inc                             | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      9066 | NS      | $468077.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                                   | Fox Corp                                                   | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     25986 | NS      | $1702083.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                                     | Franklin Resources Inc                                     | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     23661 | NS      | $534501.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                       | Freeport-McMoRan Inc                                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    108880 | NS      | $4679662.40   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent Inc                         | Frontier Communications Parent Inc                         | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18935 | NS      | $718015.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                                                  | GATX Corp                                                  | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      2625 | NS      | $419816.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ESC GCI LIBERTY INC SR                                     | ESC GCI LIBERTY INC SR                                     | CUSIP: 361ESC049<br>LEI: 5493003JDENERRDYFN86 | Long             | EC               | CORP              | US        |      3916 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GXO Logistics Inc                                          | GXO Logistics Inc                                          | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |      8608 | NS      | $436769.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc                             | GE HealthCare Technologies Inc                             | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     34577 | NS      | $2765814.23   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                                    | Arthur J Gallagher & Co                                    | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     19414 | NS      | $4807294.68   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc                          | Gaming and Leisure Properties Inc                          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |     21424 | NS      | $932586.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GameStop Corp                                              | GameStop Corp                                              | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |     30811 | NS      | $694171.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                                                | Gap Inc/The                                                | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |     17714 | NS      | $479517.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                                                | Gartner Inc                                                | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      5704 | NS      | $1327548.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                             | GE Vernova Inc                                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     20592 | NS      | $12350463.84  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                                       | Generac Holdings Inc                                       | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      4467 | NS      | $677331.21    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                                      | General Dynamics Corp                                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     19117 | NS      | $6530940.71   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                                        | General Electric Co                                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     80266 | NS      | $23955387.70  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                                          | General Mills Inc                                          | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     40512 | NS      | $1918243.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                          | General Motors Co                                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     72111 | NS      | $5301600.72   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                                | Gentex Corp                                                | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     16546 | NS      | $377745.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                                           | Genuine Parts Co                                           | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     10484 | NS      | $1367113.60   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                                        | Gilead Sciences Inc                                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     94002 | NS      | $11829211.68  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                                 | Gitlab Inc                                                 | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     10487 | NS      | $430596.22    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                                        | Glacier Bancorp Inc                                        | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |      9712 | NS      | $410817.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                                               | Glaukos Corp                                               | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      4293 | NS      | $456302.97    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                                        | Global Payments Inc                                        | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |     18325 | NS      | $1388302.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                                         | Globus Medical Inc                                         | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      8587 | NS      | $781760.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                             | Globe Life Inc                                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      6137 | NS      | $826838.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                                | GoDaddy Inc                                                | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     10470 | NS      | $1338694.20   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                                | Goldman Sachs Group Inc/The                                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     22912 | NS      | $18926228.48  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                                  | Graco Inc                                                  | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     12539 | NS      | $1033715.16   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                                            | WW Grainger Inc                                            | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      3340 | NS      | $3168424.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                                 | Grand Canyon Education Inc                                 | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      2070 | NS      | $326521.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                               | Graphic Packaging Holding Co                               | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22344 | NS      | $361525.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc                               | American Healthcare REIT Inc                               | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               |  | US        |     12740 | NS      | $646937.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc                                     | Group 1 Automotive Inc                                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |       946 | NS      | $379383.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                                        | Guardant Health Inc                                        | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |      9426 | NS      | $1021966.92   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                                     | Guidewire Software Inc                                     | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      6371 | NS      | $1376008.58   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                                           | HF Sinclair Corp                                           | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     11821 | NS      | $625449.11    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                                         | HCA Healthcare Inc                                         | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     12407 | NS      | $6306354.03   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                                     | HP Inc                                                     | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     71197 | NS      | $1738630.74   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                                             | Halliburton Co                                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     64597 | NS      | $1693733.34   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                                  | Halozyme Therapeutics Inc                                  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      8866 | NS      | $633032.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                                          | Hamilton Lane Inc                                          | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      3065 | NS      | $379860.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                                       | Hancock Whitney Corp                                       | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      6405 | NS      | $388078.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/The                            | Hanover Insurance Group Inc/The                            | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      2684 | NS      | $498016.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group Inc/The                  | Hartford Insurance Group Inc/The                           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |     21304 | NS      | $2919287.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                                 | Hasbro Inc                                                 | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     10166 | NS      | $839711.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                                           | HealthEquity Inc                                           | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      6579 | NS      | $691979.22    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                                | Healthcare Realty Trust Inc                                | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |     26686 | NS      | $486485.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                                  | Healthpeak Properties Inc                                  | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               |  | US        |     52658 | NS      | $961535.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                                            | Hecla Mining Co                                            | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     50023 | NS      | $841386.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                                 | HEICO Corp                                                 | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      7646 | NS      | $2423093.86   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc                                | Jack Henry & Associates Inc                                | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      5507 | NS      | $960861.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                                             | Hershey Co/The                                             | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     11194 | NS      | $2105367.52   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co                              | Hewlett Packard Enterprise Co                              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     99251 | NS      | $2170619.37   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                                                | Hexcel Corp                                                | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      6059 | NS      | $461877.57    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                                     | Hims & Hers Health Inc                                     | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |     15629 | NS      | $621409.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                              | Hilton Worldwide Holdings Inc                              | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     17827 | NS      | $5081229.81   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                                | Hologic Inc                                                | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     16733 | NS      | $1254473.01   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                                     | Home BancShares Inc/AR                                     | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13504 | NS      | $378922.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                                         | Home Depot Inc/The                                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     75343 | NS      | $26891423.56  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                                | Honeywell International Inc                                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     48124 | NS      | $9248951.56   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                                          | Hormel Foods Corp                                          | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     22009 | NS      | $510828.89    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                                  | Host Hotels & Resorts Inc                                  | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |     48458 | NS      | $854314.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                                         | Houlihan Lokey Inc                                         | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      4110 | NS      | $720894.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                                       | Howmet Aerospace Inc                                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     30542 | NS      | $6248587.78   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                                | Hubbell Inc                                                | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      4012 | NS      | $1730897.16   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                                | HubSpot Inc                                                | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |      3977 | NS      | $1460831.64   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc                                                 | Humana Inc                                                 | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      9113 | NS      | $2239702.01   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc                             | JB Hunt Transport Services Inc                             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      5759 | NS      | $1001835.64   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                               | Huntington Bancshares Inc/OH                               | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    118910 | NS      | $1938233.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries Inc                          | Huntington Ingalls Industries Inc                          | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      2983 | NS      | $935528.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp                                          | Hyatt Hotels Corp                                          | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |      3203 | NS      | $526541.17    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc                                           | IES Holdings Inc                                           | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |       652 | NS      | $272907.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iRhythm Technologies Inc                                   | iRhythm Technologies Inc                                   | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |      2398 | NS      | $450847.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                                    | ITT Inc                                                    | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      5913 | NS      | $1088938.08   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                                                | IDACORP Inc                                                | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      4109 | NS      | $541484.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                                  | IDEX Corp                                                  | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      5689 | NS      | $989487.77    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                                     | IDEXX Laboratories Inc                                     | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      6062 | NS      | $4563958.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                                    | Illinois Tool Works Inc                                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     20073 | NS      | $5003797.44   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                               | Illumina Inc                                               | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     11702 | NS      | $1538227.90   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                                                 | Impinj Inc                                                 | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      1932 | NS      | $332052.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                                                | Incyte Corp                                                | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |     12465 | NS      | $1302093.90   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                                         | Ingersoll Rand Inc                                         | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     27410 | NS      | $2202119.40   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                                              | Ingredion Inc                                              | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      4823 | NS      | $518665.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                                 | Insmed Inc                                                 | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     15998 | NS      | $3323904.46   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc                            | Installed Building Products Inc                            | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      1772 | NS      | $474931.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corp                                               | Insulet Corp                                               | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      5337 | NS      | $1746213.03   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                                 | Intel Corp                                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    331642 | NS      | $13451399.52  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                              | Interactive Brokers Group Inc                              | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     33774 | NS      | $2195985.48   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                              | Intercontinental Exchange Inc                              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     43379 | NS      | $6823516.70   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                                           | InterDigital Inc                                           | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      1925 | NS      | $688668.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp                       | International Business Machines Corp                       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     70562 | NS      | $21774021.96  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| International Flavors & Fragrances Inc                     | International Flavors & Fragrances Inc                     | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     19302 | NS      | $1341102.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                                     | International Paper Co                                     | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     40005 | NS      | $1579397.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                                 | Intuit Inc                                                 | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     21128 | NS      | $13396842.24  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                     | Intuitive Surgical Inc                                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     27150 | NS      | $15569982.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                                       | Invitation Homes Inc                                       | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               |  | US        |     42730 | NS      | $1204986.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals Inc                                  | Ionis Pharmaceuticals Inc                                  | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     11976 | NS      | $990774.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ Inc                                                   | IonQ Inc                                                   | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |     22432 | NS      | $1105897.60   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                                         | IQVIA Holdings Inc                                         | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |     12860 | NS      | $2957928.60   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                          | Iron Mountain Inc                                          | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |     22362 | NS      | $1930958.70   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                                  | Itron Inc                                                  | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      3452 | NS      | $341886.08    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                        | JPMorgan Chase & Co                                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    208196 | NS      | $65182003.68  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                                  | Jabil Inc                                                  | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      8170 | NS      | $1721500.70   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                                      | Jackson Financial Inc                                      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      5244 | NS      | $513964.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc                                       | Jacobs Solutions Inc                                       | CUSIP: 46982L108<br>LEI: 254900E3KHXCC2C8K272 | Long             | EC               | CORP              | US        |      9048 | NS      | $1219760.88   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                              | Jefferies Financial Group Inc                              | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     12322 | NS      | $709254.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                                             | JBT Marel Corp                                             | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |      3918 | NS      | $550596.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                          | Johnson & Johnson                                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    182346 | NS      | $37731034.32  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                                     | Jones Lang LaSalle Inc                                     | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      3596 | NS      | $1171181.24   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                                    | KBR Inc                                                    | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     10005 | NS      | $412406.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                                   | KLA Corp                                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     10003 | NS      | $11758226.41  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                               | KKR & Co Inc                                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     51863 | NS      | $6343363.53   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                                        | Karman Holdings Inc                                        | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5767 | NS      | $386562.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kellanova                                                  | Kellanova                                                  | CUSIP: 487836108<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | EC               | CORP              | US        |     20456 | NS      | $1710939.84   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                                 | Kenvue Inc                                                 | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    145463 | NS      | $2523783.05   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                                       | Keurig Dr Pepper Inc                                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    103009 | NS      | $2873951.10   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                    | KeyCorp                                                    | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     70663 | NS      | $1298785.94   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                                  | Keysight Technologies Inc                                  | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |     13028 | NS      | $2578892.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                                        | Kimberly-Clark Corp                                        | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     25131 | NS      | $2742294.72   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                                          | Kimco Realty Corp                                          | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               |  | US        |     51266 | NS      | $1059155.56   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                                          | Kinder Morgan Inc                                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    148275 | NS      | $4050873.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                                  | Kinsale Capital Group Inc                                  | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      1664 | NS      | $640473.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc                   | Knight-Swift Transportation Holdings Inc                   | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12240 | NS      | $560592.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                                         | Kraft Heinz Co/The                                         | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     64142 | NS      | $1636262.42   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc                    | Kratos Defense & Security Solutions Inc                    | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     12756 | NS      | $970731.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                                              | Kroger Co/The                                              | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     46081 | NS      | $3100329.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                                       | Kyndryl Holdings Inc                                       | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |     17475 | NS      | $451379.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                                   | LKQ Corp                                                   | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     19501 | NS      | $578984.69    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc                                 | LPL Financial Holdings Inc                                 | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      6046 | NS      | $2152617.84   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                                  | L3Harris Technologies Inc                                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     14144 | NS      | $3941791.36   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                                       | Labcorp Holdings Inc                                       | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6293 | NS      | $1691432.54   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                          | Lam Research Corp                                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     95838 | NS      | $14950728.00  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                                       | Lamar Advertising Co                                       | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |      6569 | NS      | $869669.91    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                                   | Lamb Weston Holdings Inc                                   | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     10483 | NS      | $619125.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                                       | Las Vegas Sands Corp                                       | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |     23379 | NS      | $1593512.64   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                                 | Lattice Semiconductor Corp                                 | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     10469 | NS      | $735028.49    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The                                   | Estee Lauder Cos Inc/The                                   | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |     18599 | NS      | $1749607.93   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                                 | Lazard Inc                                                 | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |      8496 | NS      | $429048.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                                  | Lear Corp                                                  | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      4016 | NS      | $431157.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                                        | Leidos Holdings Inc                                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      9690 | NS      | $1851759.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                                                | Lennar Corp                                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     18379 | NS      | $2413162.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                                   | Lennox International Inc                                   | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      2422 | NS      | $1208263.14   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                                           | Leonardo DRS Inc                                           | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |      5922 | NS      | $202354.74    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                                     | Liberty Broadband Corp                                     | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      8949 | NS      | $414249.21    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Live                            | Liberty Media Corp-Liberty Live                            | CUSIP: 531229722<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3800 | NS      | $300998.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One                     | Liberty Media Corp-Liberty Formula One                     | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17044 | NS      | $1635883.12   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc                               | Life Time Group Holdings Inc                               | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11457 | NS      | $319879.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360 Inc                                                | Life360 Inc                                                | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |      5827 | NS      | $463887.47    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                             | Eli Lilly & Co                                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     60195 | NS      | $64737916.65  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                              | Lincoln Electric Holdings Inc                              | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      4161 | NS      | $996268.23    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                                      | Lincoln National Corp                                      | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     12947 | NS      | $532639.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage Inc                                                | Lineage Inc                                                | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               |  | US        |      4394 | NS      | $157393.08    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Inc                                          | Lithia Motors Inc                                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      1936 | NS      | $617274.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                             | Littelfuse Inc                                             | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      1844 | NS      | $472100.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc                              | Live Nation Entertainment Inc                              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     11920 | NS      | $1566884.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                                          | Loar Holdings Inc                                          | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2653 | NS      | $181597.85    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                                       | Lockheed Martin Corp                                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     15562 | NS      | $7125217.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                                                 | Loews Corp                                                 | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     12877 | NS      | $1389041.99   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                                     | Louisiana-Pacific Corp                                     | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      4713 | NS      | $386513.13    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                             | Lowe's Cos Inc                                             | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     42479 | NS      | $10300307.92  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Lucid Group Inc                                            | Lucid Group Inc                                            | CUSIP: 549498202<br>LEI: 529900MRL9Z13ZCRVD74 | Long             | EC               | CORP              | US        |      9275 | NS      | $126418.25    | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Lululemon Athletica Inc                                    | Lululemon Athletica Inc                                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      8230 | NS      | $1515801.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                                      | Lumentum Holdings Inc                                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      5249 | NS      | $1706764.84   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                                   | Lyft Inc                                                   | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     30094 | NS      | $632876.82    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                                              | M&T Bank Corp                                              | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     11840 | NS      | $2252204.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                                       | MGIC Investment Corp                                       | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     17855 | NS      | $506189.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                                  | MGM Resorts International                                  | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     15729 | NS      | $555076.41    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                                                    | MKS Inc                                                    | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      5171 | NS      | $808692.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                          | MP Materials Corp                                          | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     10164 | NS      | $629659.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                                             | MSA Safety Inc                                             | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      2752 | NS      | $443897.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MSCI Inc                                                   | MSCI Inc                                                   | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      5868 | NS      | $3307908.96   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc                    | MACOM Technology Solutions Holdings Inc                    | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4821 | NS      | $843626.79    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                               | Madrigal Pharmaceuticals Inc                               | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |      1387 | NS      | $828011.26    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                                   | Manhattan Associates Inc                                   | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      4558 | NS      | $804259.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                              | Maplebear Inc                                              | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13934 | NS      | $585367.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MARA Holdings Inc                                          | MARA Holdings Inc                                          | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |     28005 | NS      | $330739.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                                    | Marathon Petroleum Corp                                    | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     23009 | NS      | $4457533.57   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc                                           | Markel Group Inc                                           | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       956 | NS      | $1988900.64   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                                   | MarketAxess Holdings Inc                                   | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      2803 | NS      | $459383.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                                   | Marsh & McLennan Cos Inc                                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     37248 | NS      | $6833145.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD                              | Marriott International Inc/MD                              | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     17044 | NS      | $5194840.76   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                              | Martin Marietta Materials Inc                              | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      4546 | NS      | $2833249.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                                     | Marvell Technology Inc                                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65315 | NS      | $5839161.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                                 | Masco Corp                                                 | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     15790 | NS      | $1024297.30   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                                                | Masimo Corp                                                | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      3451 | NS      | $491525.93    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                                 | MasTec Inc                                                 | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |      4615 | NS      | $987056.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                             | Mastercard Inc                                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     62502 | NS      | $34409226.06  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                                       | Matador Resources Co                                       | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      8954 | NS      | $379649.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                                            | Match Group Inc                                            | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     18028 | NS      | $600512.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                                 | Mattel Inc                                                 | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     24682 | NS      | $521283.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD                                      | McCormick & Co Inc/MD                                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     18968 | NS      | $1279960.64   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                            | McDonald's Corp                                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     53997 | NS      | $16837344.54  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                              | McKesson Corp                                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      9420 | NS      | $8300150.40   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc                                       | Medpace Holdings Inc                                       | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      1697 | NS      | $1005404.62   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                             | Merck & Co Inc                                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    189345 | NS      | $19849036.35  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                                  | Merit Medical Systems Inc                                  | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |      4470 | NS      | $387057.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                                        | Meritage Homes Corp                                        | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      5273 | NS      | $385350.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                                | MetLife Inc                                                | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     42331 | NS      | $3240861.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International Inc                           | Mettler-Toledo International Inc                           | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      1554 | NS      | $2294822.88   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                             | Microsoft Corp                                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    562798 | NS      | $276902243.98 | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategy Inc                                               | Strategy Inc                                               | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |     19951 | NS      | $3534918.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                                   | Microchip Technology Inc                                   | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |     40827 | NS      | $2187510.66   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                                      | Micron Technology Inc                                      | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     84701 | NS      | $20030092.48  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc                      | Mid-America Apartment Communities Inc                      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |      8893 | NS      | $1208469.77   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                                          | Middleby Corp/The                                          | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      3526 | NS      | $416773.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc                                    | Millrose Properties Inc                                    | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               |  | US        |      4421 | NS      | $134663.66    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                                    | Mirion Technologies Inc                                    | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     19028 | NS      | $495108.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                                | Moderna Inc                                                | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |     25888 | NS      | $672570.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                                    | Modine Manufacturing Co                                    | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      3930 | NS      | $637170.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                                | Moelis & Co                                                | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |      5575 | NS      | $357747.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                                      | Mohawk Industries Inc                                      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      3957 | NS      | $458616.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                                      | Molina Healthcare Inc                                      | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      4109 | NS      | $609200.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co                                   | Molson Coors Beverage Co                                   | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     13048 | NS      | $606862.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                                 | Mondelez International Inc                                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     98078 | NS      | $5646350.46   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                                | MongoDB Inc                                                | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      6173 | NS      | $2051720.01   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                               | Monolithic Power Systems Inc                               | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      3620 | NS      | $3359975.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                                      | Monster Beverage Corp                                      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     53905 | NS      | $4042335.95   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                               | Moody's Corp                                               | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     11657 | NS      | $5721022.46   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                                                   | Moog Inc                                                   | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      2137 | NS      | $490826.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                             | Morgan Stanley                                             | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     91892 | NS      | $15590396.72  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                                            | Morningstar Inc                                            | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      1826 | NS      | $392334.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                              | Mosaic Co/The                                              | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     24188 | NS      | $592364.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                                     | Motorola Solutions Inc                                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     12621 | NS      | $4665731.28   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                                     | Mueller Industries Inc                                     | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      8344 | NS      | $916755.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                                             | Murphy USA Inc                                             | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      1302 | NS      | $501361.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                                             | NRG Energy Inc                                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     14625 | NS      | $2478791.25   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                                    | NVR Inc                                                    | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       218 | NS      | $1636589.22   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                                 | Nasdaq Inc                                                 | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |     34333 | NS      | $3121556.36   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Natera Inc                                                 | Natera Inc                                                 | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |     10417 | NS      | $2487683.77   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                                       | National Fuel Gas Co                                       | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      6897 | NS      | $568657.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                                               | NNN REIT Inc                                               | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |     14365 | NS      | $593992.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                                 | NetApp Inc                                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     15162 | NS      | $1691472.72   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                | Netflix Inc                                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    321730 | NS      | $34611713.40  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                                 | Neurocrine Biosciences Inc                                 | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      7499 | NS      | $1141047.84   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc                                           | Viper Energy Inc                                           | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12751 | NS      | $465794.03    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp                                         | Rithm Capital Corp                                         | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               |  | US        |     39070 | NS      | $448914.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bank NA                                           | Flagstar Bank NA                                           | CUSIP: 649445400<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EC               | CORP              | US        |     22609 | NS      | $276734.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                                      | New York Times Co/The                                      | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     12245 | NS      | $789802.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                                             | NewMarket Corp                                             | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |       606 | NS      | $462699.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                               | Newmont Corp                                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     83250 | NS      | $7553272.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                                  | News Corp                                                  | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     38866 | NS      | $998078.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower Inc                                              | Nextpower Inc                                              | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11122 | NS      | $1018997.64   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                                    | Nexstar Media Group Inc                                    | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      2216 | NS      | $425782.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                         | NextEra Energy Inc                                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    156030 | NS      | $13463828.70  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                                   | NIKE Inc                                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     90019 | NS      | $5817927.97   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                               | NiSource Inc                                               | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |     35403 | NS      | $1562334.39   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                                               | Nordson Corp                                               | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      4051 | NS      | $962760.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                      | Norfolk Southern Corp                                      | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     16972 | NS      | $4957351.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                                        | Northern Trust Corp                                        | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     14461 | NS      | $1899307.74   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                      | Northrop Grumman Corp                                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     10182 | NS      | $5826649.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                            | Gen Digital Inc                                            | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |     42481 | NS      | $1120223.97   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp                                                 | Nucor Corp                                                 | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |     17362 | NS      | $2769065.38   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                                | Nutanix Inc                                                | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     20265 | NS      | $968667.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                                | NVIDIA Corp                                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   1847432 | NS      | $326995464.00 | 6.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvalent Inc                                               | Nuvalent Inc                                               | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3904 | NS      | $426902.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                                            | OGE Energy Corp                                            | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     15187 | NS      | $695260.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                                    | O'Reilly Automotive Inc                                    | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     64290 | NS      | $6538293.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                                          | Chord Energy Corp                                          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      4391 | NS      | $412139.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                                  | Occidental Petroleum Corp                                  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     54174 | NS      | $2275308.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                                   | Okta Inc                                                   | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     12800 | NS      | $1028224.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                              | Old Dominion Freight Line Inc                              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     13986 | NS      | $1892165.94   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN                                    | Old National Bancorp/IN                                    | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |     26373 | NS      | $573085.29    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp                            | Old Republic International Corp                            | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     17397 | NS      | $802001.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings Inc                        | Ollie's Bargain Outlet Holdings Inc                        | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      4629 | NS      | $569876.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                                          | Omnicom Group Inc                                          | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     24293 | NS      | $1739864.66   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc                             | Omega Healthcare Investors Inc                             | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |     22188 | NS      | $1018872.96   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                                      | ON Semiconductor Corp                                      | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |     30979 | NS      | $1556384.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                                  | ONEOK Inc                                                  | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     47773 | NS      | $3478829.86   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc                                       | OneMain Holdings Inc                                       | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |      8868 | NS      | $550082.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                | Oracle Corp                                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    125475 | NS      | $25339676.25  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                                     | Ormat Technologies Inc                                     | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      4571 | NS      | $516111.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                                               | Oshkosh Corp                                               | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      4848 | NS      | $621416.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                                        | Otis Worldwide Corp                                        | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     29742 | NS      | $2642576.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                                | Ovintiv Inc                                                | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     19420 | NS      | $795443.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                              | Owens Corning                                              | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      6333 | NS      | $717148.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                                  | PG&E Corp                                                  | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    166522 | NS      | $2684334.64   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The                       | PNC Financial Services Group Inc/The                       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     29863 | NS      | $5695471.36   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                                            | TXNM Energy Inc                                            | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |      7157 | NS      | $418326.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                                         | PPG Industries Inc                                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     17073 | NS      | $1707982.92   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                                                   | PPL Corp                                                   | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     55920 | NS      | $2063448.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                                    | PTC Inc                                                    | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |      9047 | NS      | $1587115.21   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                                 | PACCAR Inc                                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |     39783 | NS      | $4193923.86   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                                  | Packaging Corp of America                                  | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      6724 | NS      | $1372166.68   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                                  | Palantir Technologies Inc                                  | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    172214 | NS      | $29009448.30  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                                     | Palo Alto Networks Inc                                     | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     50618 | NS      | $9624000.34   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Skydance Corp                                    | Paramount Skydance Corp                                    | CUSIP: 69932A204<br>LEI: 529900B6VAJG54Y9QF02 | Long             | EC               | CORP              | US        |     23592 | NS      | $377943.84    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                                       | Parker-Hannifin Corp                                       | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      9673 | NS      | $8335224.10   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                                               | Parsons Corp                                               | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |      4028 | NS      | $341091.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                                | Paychex Inc                                                | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     24569 | NS      | $2744111.61   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                                        | Paycom Software Inc                                        | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      3791 | NS      | $610995.47    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                                     | Paylocity Holding Corp                                     | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      3341 | NS      | $492229.53    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                        | PayPal Holdings Inc                                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     72400 | NS      | $4538756.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                                            | Pegasystems Inc                                            | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |      7029 | NS      | $384978.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services Inc                            | PennyMac Financial Services Inc                            | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |      2161 | NS      | $290805.77    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc                                | Penske Automotive Group Inc                                | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |      1426 | NS      | $230612.72    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                               | Penumbra Inc                                               | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      2957 | NS      | $866903.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                                | PepsiCo Inc                                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    103695 | NS      | $15423594.30  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co                                  | Performance Food Group Co                                  | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     11894 | NS      | $1154550.58   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                                                | Revvity Inc                                                | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |      8701 | NS      | $908471.41    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                                     | Permian Resources Corp                                     | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     52826 | NS      | $765448.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                                                 | Pfizer Inc                                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    430045 | NS      | $11069358.30  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                            | Philip Morris International Inc                            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    117856 | NS      | $18559962.88  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                                | Phillips 66                                                | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     30616 | NS      | $4193167.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                                       | Pilgrim's Pride Corp                                       | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      3217 | NS      | $122374.68    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc                            | Pinnacle Financial Partners Inc                            | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      5896 | NS      | $540545.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp                                 | Pinnacle West Capital Corp                                 | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |      9094 | NS      | $826280.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest Inc                                              | Pinterest Inc                                              | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45419 | NS      | $1186344.28   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos                                          | Piper Sandler Cos                                          | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      1240 | NS      | $416516.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc                                         | Planet Fitness Inc                                         | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      6403 | NS      | $716943.91    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                                  | Pool Corp                                                  | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      2451 | NS      | $597063.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Inc                                                | Popular Inc                                                | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |      5089 | NS      | $583759.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc                                          | Post Holdings Inc                                          | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      3544 | NS      | $368682.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                                     | T Rowe Price Group Inc                                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     16585 | NS      | $1697972.30   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                                          | Primo Brands Corp                                          | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     19194 | NS      | $301153.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                                     | Primoris Services Corp                                     | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      4071 | NS      | $515225.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                              | Primerica Inc                                              | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      2406 | NS      | $619111.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Principal Financial Group Inc                              | Principal Financial Group Inc                              | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |     15358 | NS      | $1302665.56   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                                    | Procter & Gamble Co/The                                    | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    177376 | NS      | $26280028.16  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Procore Technologies Inc                                   | Procore Technologies Inc                                   | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |      8715 | NS      | $645432.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                       | Progressive Corp/The                                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     44435 | NS      | $10166283.65  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                               | Prologis Inc                                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |     70306 | NS      | $9036430.18   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                                  | Prosperity Bancshares Inc                                  | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7185 | NS      | $493681.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                                   | Prudential Financial Inc                                   | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |     26682 | NS      | $2888326.50   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Inc                        | Public Service Enterprise Group Inc                        | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     37801 | NS      | $3157139.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                             | Public Storage                                             | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |     11968 | NS      | $3285694.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                                             | PulteGroup Inc                                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14953 | NS      | $1901872.07   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                                           | Pure Storage Inc                                           | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     23440 | NS      | $2085222.40   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                                  | Qorvo Inc                                                  | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      6384 | NS      | $548321.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc                                      | Qnity Electronics Inc                                      | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |     15822 | NS      | $1283005.98   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                               | QUALCOMM Inc                                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     81732 | NS      | $13738331.88  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                                        | Quanta Services Inc                                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     11309 | NS      | $5257327.92   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                                      | Quest Diagnostics Inc                                      | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      8467 | NS      | $1601787.06   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                              | RB Global Inc                                              | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     14055 | NS      | $1380201.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                                   | RLI Corp                                                   | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |      6939 | NS      | $427858.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                                      | RPM International Inc                                      | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      9677 | NS      | $1037858.25   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet Inc                                                 | RadNet Inc                                                 | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |      5206 | NS      | $431004.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                                                 | Rambus Inc                                                 | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |      8109 | NS      | $774977.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                                          | Ralph Lauren Corp                                          | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      2965 | NS      | $1089133.45   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                                       | Range Resources Corp                                       | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     18053 | NS      | $712912.97    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                                | Raymond James Financial Inc                                | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     13426 | NS      | $2101706.04   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                                   | RTX Corp                                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    101370 | NS      | $17730626.70  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                                           | RBC Bearings Inc                                           | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2386 | NS      | $1061698.42   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                                         | Realty Income Corp                                         | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |     69082 | NS      | $3979814.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit Inc                                                 | Reddit Inc                                                 | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |      9372 | NS      | $2028756.84   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                                         | Regal Rexnord Corp                                         | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      4992 | NS      | $728782.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                                       | Regency Centers Corp                                       | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |     12228 | NS      | $870144.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                              | Regeneron Pharmaceuticals Inc                              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      7694 | NS      | $6002781.86   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                                     | Regions Financial Corp                                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     67646 | NS      | $1721590.70   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc                           | Reinsurance Group of America Inc                           | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |      5009 | NS      | $951058.83    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                               | Reliance Inc                                               | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      4000 | NS      | $1117280.00   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                              | Repligen Corp                                              | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |      3971 | NS      | $679120.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                                      | Republic Services Inc                                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     15378 | NS      | $3337948.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                                                 | ResMed Inc                                                 | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     11064 | NS      | $2830503.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                                   | Resideo Technologies Inc                                   | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     10333 | NS      | $340885.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines Inc                                   | Revolution Medicines Inc                                   | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |     13223 | NS      | $1028220.48   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                              | Rexford Industrial Realty Inc                              | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |     18048 | NS      | $750977.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                                 | Rhythm Pharmaceuticals Inc                                 | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |      4550 | NS      | $496359.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rivian Automotive Inc                                      | Rivian Automotive Inc                                      | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |     60497 | NS      | $1019979.42   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                                      | Robinhood Markets Inc                                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     58617 | NS      | $7531698.33   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                                | ROBLOX Corp                                                | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48859 | NS      | $4643070.77   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Cos Inc                                             | Rocket Cos Inc                                             | CUSIP: 77311W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72491 | NS      | $1448370.18   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp                                            | Rocket Lab Corp                                            | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32080 | NS      | $1351851.20   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                                    | Rockwell Automation Inc                                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      8482 | NS      | $3357684.52   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku Inc                                                   | Roku Inc                                                   | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |      9764 | NS      | $945057.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                                | Rollins Inc                                                | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     22207 | NS      | $1365286.36   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                                     | Roper Technologies Inc                                     | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      8124 | NS      | $3625091.28   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                            | Ross Stores Inc                                            | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     24766 | NS      | $4367731.76   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                             | Royal Gold Inc                                             | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      6107 | NS      | $1244850.88   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                                                 | Rubrik Inc                                                 | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |     10060 | NS      | $697359.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                                | Ryan Specialty Holdings Inc                                | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8336 | NS      | $484071.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                                           | Ryder System Inc                                           | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      3090 | NS      | $535218.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc                           | Ryman Hospitality Properties Inc                           | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |      4800 | NS      | $458064.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   2343282 | NS      | $2343282.22   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                             | S&P Global Inc                                             | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     23669 | NS      | $11806807.27  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                                    | SBA Communications Corp                                    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      8093 | NS      | $1572227.11   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                                         | SEI Investments Co                                         | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      7174 | NS      | $580089.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                                   | SLM Corp                                                   | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |     15758 | NS      | $461709.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc                             | SS&C Technologies Holdings Inc                             | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     15903 | NS      | $1366703.82   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                                       | SPX Technologies Inc                                       | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |      3787 | NS      | $814356.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                                   | Saia Inc                                                   | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      1983 | NS      | $558333.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SailPoint Inc                                              | SailPoint Inc                                              | CUSIP: 78781J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5435 | NS      | $100112.70    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                             | Salesforce Inc                                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     72445 | NS      | $16701470.30  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                                | Samsara Inc                                                | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22673 | NS      | $862254.19    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                                            | Sandisk Corp/DE                                            | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10450 | NS      | $2333276.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                               | Sanmina Corp                                               | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      4016 | NS      | $627158.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc                                           | Henry Schein Inc                                           | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      7790 | NS      | $580900.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                                                    | SLB Ltd                                                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    113090 | NS      | $4098381.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                    | Charles Schwab Corp/The                                    | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    128444 | NS      | $11910612.12  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                                               | Semtech Corp                                               | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |      6545 | NS      | $485377.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                     | Sempra                                                     | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     49426 | NS      | $4681630.72   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                                            | SentinelOne Inc                                            | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |     24210 | NS      | $392444.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US                              | Service Corp International/US                              | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |     10567 | NS      | $839336.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                             | ServiceNow Inc                                             | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     15743 | NS      | $12789770.63  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan Inc                                           | ServiceTitan Inc                                           | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4134 | NS      | $369414.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                                    | Sherwin-Williams Co/The                                    | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     17540 | NS      | $6028322.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                                        | Shift4 Payments Inc                                        | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5130 | NS      | $378491.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| QXO Inc                                                    | QXO Inc                                                    | CUSIP: 82846H405<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EC               | CORP              | US        |     36821 | NS      | $689657.33    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                   | Simon Property Group Inc                                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |     24712 | NS      | $4604339.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                               | Simpson Manufacturing Co Inc                               | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      3152 | NS      | $527581.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc                               | SiteOne Landscape Supply Inc                               | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |      3430 | NS      | $460580.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                                | SiTime Corp                                                | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1630 | NS      | $485251.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                                     | Sirius XM Holdings Inc                                     | CUSIP: 829933100<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |     14262 | NS      | $303210.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                                     | Skyworks Solutions Inc                                     | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     11176 | NS      | $737057.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                                             | A O Smith Corp                                             | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |      8625 | NS      | $569077.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Smithfield Foods Inc                                       | Smithfield Foods Inc                                       | CUSIP: 832248207<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | EC               | CORP              | US        |      1759 | NS      | $38011.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                                         | J M Smucker Co/The                                         | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      8112 | NS      | $845108.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                                                | Snap-on Inc                                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      3923 | NS      | $1334016.15   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap Inc                                                   | Snap Inc                                                   | CUSIP: 83304A106<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | EC               | CORP              | US        |     83852 | NS      | $643983.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                              | Snowflake Inc                                              | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     25261 | NS      | $6346573.64   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SoFi Technologies Inc                                      | SoFi Technologies Inc                                      | CUSIP: 83406F102<br>LEI: 549300SW81JCMVZDDY09 | Long             | EC               | CORP              | US        |     90619 | NS      | $2693196.68   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc                            | Solstice Advanced Materials Inc                            | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |     12001 | NS      | $572207.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp                                             | Solventum Corp                                             | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |     11123 | NS      | $948346.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SoundHound AI Inc                                          | SoundHound AI Inc                                          | CUSIP: 836100107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28355 | NS      | $341677.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Co/The                                            | Southern Co/The                                            | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     83391 | NS      | $7598587.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP                                       | SOUTHSTATE BANK CORP                                       | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |      7637 | NS      | $683587.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                                      | Southwest Airlines Co                                      | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     39796 | NS      | $1385298.76   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                                 | Southwest Gas Holdings Inc                                 | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      4753 | NS      | $394736.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                                 | Sprouts Farmers Market Inc                                 | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      7474 | NS      | $626395.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Block Inc                                                  | Block Inc                                                  | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |     41538 | NS      | $2774738.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                                        | STAG Industrial Inc                                        | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |     14032 | NS      | $551176.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero Inc                                           | StandardAero Inc                                           | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10603 | NS      | $276950.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                                 | Stanley Black & Decker Inc                                 | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     11550 | NS      | $826056.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp                                             | Starbucks Corp                                             | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     86165 | NS      | $7505833.15   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc                                | Starwood Property Trust Inc                                | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               |  | US        |     26211 | NS      | $480709.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                          | State Street Corp                                          | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |     21493 | NS      | $2558096.86   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1215168 | NS      | $1215167.50   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                         | Steel Dynamics Inc                                         | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     10515 | NS      | $1764732.45   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                                | Sterling Infrastructure Inc                                | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      2270 | NS      | $781583.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                                      | Stifel Financial Corp                                      | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      7765 | NS      | $947330.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                                           | StoneX Group Inc                                           | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |      3505 | NS      | $317588.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                                 | Stride Inc                                                 | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |      3253 | NS      | $206663.09    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                               | Stryker Corp                                               | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     26043 | NS      | $9666640.74   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Therapeutics Inc                                    | Summit Therapeutics Inc                                    | CUSIP: 86627T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11194 | NS      | $200260.66    | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Sun Communities Inc                                        | Sun Communities Inc                                        | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |      8917 | NS      | $1148866.28   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc                                   | Super Micro Computer Inc                                   | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     37923 | NS      | $1283693.55   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic Inc                                               | Symbotic Inc                                               | CUSIP: 87151X101<br>LEI: 529900UN9QT55OG9I235 | Long             | EC               | CORP              | US        |      3443 | NS      | $288420.11    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                               | Synopsys Inc                                               | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     13995 | NS      | $5850049.95   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                                     | Synovus Financial Corp                                     | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     10613 | NS      | $511546.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                             | TD SYNNEX Corp                                             | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      5793 | NS      | $883316.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                        | Synchrony Financial                                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |     28179 | NS      | $2179927.44   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                                 | Sysco Corp                                                 | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     36186 | NS      | $2757373.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                            | TJX Cos Inc/The                                            | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     84543 | NS      | $12843772.56  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                                     | TKO Group Holdings Inc                                     | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5191 | NS      | $1006482.99   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                            | T-Mobile US Inc                                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     36672 | NS      | $7664814.72   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                                                    | TPG Inc                                                    | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |      9382 | NS      | $554288.56    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc                          | Take-Two Interactive Software Inc                          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     13114 | NS      | $3226961.98   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp                                          | Talen Energy Corp                                          | CUSIP: 87422Q109<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | EC               | CORP              | US        |      3449 | NS      | $1359837.23   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                                               | Tapestry Inc                                               | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     15741 | NS      | $1720176.48   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                                                | Target Corp                                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     34409 | NS      | $3118143.58   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                                       | Targa Resources Corp                                       | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     16289 | NS      | $2855624.59   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                                  | Taylor Morrison Home Corp                                  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      7468 | NS      | $468168.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                                  | Teledyne Technologies Inc                                  | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      3548 | NS      | $1772296.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                                               | Teleflex Inc                                               | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      3378 | NS      | $386510.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc                                              | Tempus AI Inc                                              | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |      7507 | NS      | $585020.51    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc                               | Somnigroup International Inc                               | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |     15995 | NS      | $1463862.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                                      | Tenet Healthcare Corp                                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      6685 | NS      | $1449575.40   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                               | Teradyne Inc                                               | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     12045 | NS      | $2190865.05   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                                        | Terreno Realty Corp                                        | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |      7853 | NS      | $493089.87    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                  | Tesla Inc                                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    212465 | NS      | $91396069.05  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                             | Tetra Tech Inc                                             | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     19807 | NS      | $688095.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                                      | Texas Instruments Inc                                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     68855 | NS      | $11586230.85  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp                                    | Texas Pacific Land Corp                                    | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1462 | NS      | $1263591.98   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                                        | Texas Roadhouse Inc                                        | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      5004 | NS      | $876951.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                                | Textron Inc                                                | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     13482 | NS      | $1121163.12   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                                         | Trade Desk Inc/The                                         | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     33626 | NS      | $1330244.56   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                               | Thermo Fisher Scientific Inc                               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     28582 | NS      | $16887103.06  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                                        | Thor Industries Inc                                        | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      3967 | NS      | $418994.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                                      | 3M Co                                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     40341 | NS      | $6940669.05   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                              | Timken Co/The                                              | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      4781 | NS      | $389125.59    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                                  | Toast Inc                                                  | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     35111 | NS      | $1200445.09   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc                                          | Toll Brothers Inc                                          | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      7419 | NS      | $1037398.77   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                              | TopBuild Corp                                              | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      2144 | NS      | $970160.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                                | Toro Co/The                                                | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |      7626 | NS      | $531837.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                                          | Tractor Supply Co                                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     40145 | NS      | $2199143.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                                       | Tradeweb Markets Inc                                       | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8866 | NS      | $965152.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                                        | TransDigm Group Inc                                        | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4269 | NS      | $5806565.73   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                                 | TransUnion                                                 | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     14767 | NS      | $1255933.35   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                                      | Travelers Cos Inc/The                                      | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     17030 | NS      | $4987405.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                                | Trex Co Inc                                                | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8275 | NS      | $289459.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                                | Trimble Inc                                                | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     17986 | NS      | $1464420.12   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                                      | Truist Financial Corp                                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     97747 | NS      | $4545235.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                                 | Twilio Inc                                                 | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     11557 | NS      | $1498827.33   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                                     | Tyler Technologies Inc                                     | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      3301 | NS      | $1550215.62   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                                            | Tyson Foods Inc                                            | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     21647 | NS      | $1256608.35   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                                    | UDR Inc                                                    | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |     23100 | NS      | $841302.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                                   | UGI Corp                                                   | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     16464 | NS      | $651151.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                                         | UMB Financial Corp                                         | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      5397 | NS      | $599498.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                                         | UFP Industries Inc                                         | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      4358 | NS      | $405250.42    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                                 | US Bancorp                                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |    117969 | NS      | $5786379.45   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                                      | Uber Technologies Inc                                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    157929 | NS      | $13825104.66  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti Inc                                               | Ubiquiti Inc                                               | CUSIP: 90353W103<br>LEI: 5299007MITA4DMQCU747 | Long             | EC               | CORP              | US        |       316 | NS      | $184256.44    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UiPath Inc                                                 | UiPath Inc                                                 | CUSIP: 90364P105<br>LEI: 5493000YP61KBELDHT53 | Long             | EC               | CORP              | US        |     32405 | NS      | $449133.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty Inc                                            | Ulta Beauty Inc                                            | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      3396 | NS      | $1829866.68   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                         | Union Pacific Corp                                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     44951 | NS      | $10420990.33  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc/WV                                   | United Bankshares Inc/WV                                   | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |     10856 | NS      | $404277.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Continental Holdings Inc.                           | United Airlines Holdings Inc                               | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     24526 | NS      | $2500670.96   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                                  | United Parcel Service Inc                                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     55759 | NS      | $5341154.61   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                                         | United Rentals Inc                                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      4873 | NS      | $3972372.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                                      | US Foods Holding Corp                                      | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     17039 | NS      | $1340458.13   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                                   | United Therapeutics Corp                                   | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      3444 | NS      | $1673784.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                     | UnitedHealth Group Inc                                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     68533 | NS      | $22600127.41  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                                         | Unity Software Inc                                         | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |     25572 | NS      | $1087321.44   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp                                     | Universal Display Corp                                     | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3368 | NS      | $400556.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc                              | Universal Health Services Inc                              | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      4313 | NS      | $1050776.19   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                                 | Unum Group                                                 | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     11877 | NS      | $902295.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Upstart Holdings Inc                                       | Upstart Holdings Inc                                       | CUSIP: 91680M107<br>LEI: 549300WNB47JRNENIC75 | Long             | EC               | CORP              | US        |      6399 | NS      | $287699.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc                                       | Urban Outfitters Inc                                       | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |      4054 | NS      | $300279.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                                    | VF Corp                                                    | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |     25067 | NS      | $438672.50    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc                                           | Vail Resorts Inc                                           | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      2776 | NS      | $389222.96    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                                         | Valero Energy Corp                                         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     23512 | NS      | $4155981.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                                    | Valley National Bancorp                                    | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     36401 | NS      | $412059.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                                     | Valmont Industries Inc                                     | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      1515 | NS      | $625649.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                                        | Varonis Systems Inc                                        | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |      8427 | NS      | $278680.89    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc                                          | Veeva Systems Inc                                          | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     11351 | NS      | $2727531.79   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                                 | Ventas Inc                                                 | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |     34511 | NS      | $2782621.93   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Inc                                         | Venture Global Inc                                         | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |     34718 | NS      | $258996.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                               | Veralto Corp                                               | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     18702 | NS      | $1893016.44   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                                               | VeriSign Inc                                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      6333 | NS      | $1595852.67   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                                 | Verizon Communications Inc                                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    319507 | NS      | $13134932.77  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                                       | Verisk Analytics Inc                                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     10564 | NS      | $2377639.48   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                                 | Vertex Pharmaceuticals Inc                                 | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     19404 | NS      | $8413768.44   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                                         | Vertiv Holdings Co                                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     28894 | NS      | $5193118.62   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                                | Viatris Inc                                                | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     87211 | NS      | $932285.59    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                                        | VICI Properties Inc                                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     81004 | NS      | $2334535.28   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                   | Visa Inc                                                   | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    128623 | NS      | $43016676.12  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                                | Vistra Corp                                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     24076 | NS      | $4306233.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                                               | Vontier Corp                                               | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     11019 | NS      | $399769.32    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                                       | Vornado Realty Trust                                       | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |     12222 | NS      | $450014.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                         | Voya Financial Inc                                         | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      7414 | NS      | $521204.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                                        | Vulcan Materials Co                                        | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      9998 | NS      | $2971805.52   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                                               | WP Carey Inc                                               | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |     16572 | NS      | $1116455.64   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                                       | WEC Energy Group Inc                                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     24399 | NS      | $2734395.93   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp                   | Westinghouse Air Brake Technologies Corp                   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     12941 | NS      | $2698845.55   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                | Walmart Inc                                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    332328 | NS      | $36725567.28  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                                  | Warner Bros Discovery Inc                                  | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |    187655 | NS      | $4503720.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                                       | Waste Management Inc                                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     28094 | NS      | $6120839.78   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                                                | Waters Corp                                                | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |      4531 | NS      | $1827896.02   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                                 | Watsco Inc                                                 | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      2660 | NS      | $921424.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc                               | Watts Water Technologies Inc                               | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      2054 | NS      | $566657.52    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayfair Inc                                                | Wayfair Inc                                                | CUSIP: 94419L101<br>LEI: 54930027N9ZAVYFDHK53 | Long             | EC               | CORP              | US        |      7916 | NS      | $877092.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Waystar Holding Corp                                       | Waystar Holding Corp                                       | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8658 | NS      | $319566.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                                     | Webster Financial Corp                                     | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     12586 | NS      | $750125.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                           | Wells Fargo & Co                                           | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    242551 | NS      | $20823003.35  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                              | Welltower Inc                                              | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |     50677 | NS      | $10551964.94  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc                                    | WESCO International Inc                                    | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      3675 | NS      | $982731.75    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc                           | West Pharmaceutical Services Inc                           | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      5423 | NS      | $1503526.75   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                   | Western Alliance Bancorp                                   | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      7817 | NS      | $637320.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                                       | Western Digital Corp                                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |     26311 | NS      | $4297375.63   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                              | Westlake Corp                                              | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      2607 | NS      | $174173.67    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                                    | WEX Inc                                                    | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      2550 | NS      | $378318.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                            | Weyerhaeuser Co                                            | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |     54676 | NS      | $1214353.96   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                             | Whirlpool Corp                                             | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      4296 | NS      | $332295.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Williams Cos Inc/The                                       | Williams Cos Inc/The                                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     92576 | NS      | $5640655.68   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                                        | Williams-Sonoma Inc                                        | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      9252 | NS      | $1665452.52   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                               | Wingstop Inc                                               | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      2077 | NS      | $549844.21    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                                    | Wintrust Financial Corp                                    | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      5032 | NS      | $674388.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                                               | Woodward Inc                                               | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      4551 | NS      | $1365436.53   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                                | Workday Inc                                                | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     16354 | NS      | $3526249.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                               | Wyndham Hotels & Resorts Inc                               | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |      5674 | NS      | $415336.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd                                           | Wynn Resorts Ltd                                           | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |      6392 | NS      | $822522.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                                    | XPO Inc                                                    | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |      8943 | NS      | $1270442.58   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                            | Xcel Energy Inc                                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     44789 | NS      | $3677624.79   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                               | Xylem Inc/NY                                               | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     18440 | NS      | $2593954.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                                            | Yum! Brands Inc                                            | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     21033 | NS      | $3222465.93   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                                    | Zebra Technologies Corp                                    | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      3874 | NS      | $979153.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                                           | Zillow Group Inc                                           | CUSIP: 98954M200<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |     13218 | NS      | $983154.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                                 | Zimmer Biomet Holdings Inc                                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     14954 | NS      | $1458314.08   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA                                           | Zions Bancorp NA                                           | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     11114 | NS      | $591598.22    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                                 | Zoetis Inc                                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     33576 | NS      | $4303771.68   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                                | Zscaler Inc                                                | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      7522 | NS      | $1891783.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoom Communications Inc                                    | Zoom Communications Inc                                    | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |     19585 | NS      | $1663941.60   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corp                            | Zurn Elkay Water Solutions Corp                            | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     11257 | NS      | $536958.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                | S+P500 EMINI FUT DEC25                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        16 | NC      | $84847.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                | S+P MID 400 EMINI DEC25                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         2 | NC      | $26536.76     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                                               | Allegion plc                                               | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      6551 | NS      | $1087662.53   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                                  | Amcor PLC                                                  | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |    174800 | NS      | $1489296.00   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                                 | Amdocs Ltd                                                 | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |      8590 | NS      | $656963.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglogold Ashanti Plc                                      | Anglogold Ashanti Plc                                      | CUSIP: 000000000<br>LEI: 2138005YDSA7A82RNU96 | Long             | EC               | CORP              | GB        |     32106 | NS      | $2750842.08   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                                    | Aon PLC                                                    | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |     16325 | NS      | $5777744.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                                     | Arch Capital Group Ltd                                     | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     28152 | NS      | $2644035.84   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                                  | Axis Capital Holdings Ltd                                  | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |      5915 | NS      | $604749.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                                 | Axalta Coating Systems Ltd                                 | CUSIP: 000000000<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |     16387 | NS      | $493740.31    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                              | Accenture PLC                                              | CUSIP: 000000000<br>LEI: 549300JY6CF6DO4YFQ03 | Long             | EC               | CORP              | IE        |     47211 | NS      | $11802750.00  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd                         | Credo Technology Group Holding Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     11392 | NS      | $2023219.20   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                                    | CRH PLC                                                    | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |     50927 | NS      | $6109202.92   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                             | Eaton Corp PLC                                             | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     29511 | NS      | $10207559.79  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                                           | Essent Group Ltd                                           | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |      7345 | NS      | $460972.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                                          | Everest Group Ltd                                          | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      3176 | NS      | $998185.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                                  | Aptiv PLC                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |     16594 | NS      | $1286864.70   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                                   | Fabrinet                                                   | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      2699 | NS      | $1239947.59   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Flutter Entertainment PLC                                  | Flutter Entertainment PLC                                  | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |     13301 | NS      | $2777381.81   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                                          | FTAI Aviation Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      7805 | NS      | $1352138.20   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                                  | Gates Industrial Corp PLC                                  | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     19462 | NS      | $442955.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                                | Genpact Ltd                                                | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     12091 | NS      | $532729.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES Inc                                        | GLOBALFOUNDRIES Inc                                        | CUSIP: 000000000<br>LEI: 549300BA76VK784VMX48 | Long             | EC               | CORP              | KY        |      7954 | NS      | $285071.36    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                                  | Janus Henderson Group PLC                                  | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |      9679 | NS      | $423069.09    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                                | Invesco Ltd                                                | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |     33562 | NS      | $820590.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                                   | Jazz Pharmaceuticals PLC                                   | CUSIP: 000000000<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |      4649 | NS      | $820687.97    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc                         | Johnson Controls International plc                         | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |     49575 | NS      | $5766068.25   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                  | Linde PLC                                                  | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |     35509 | NS      | $14570052.88  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                              | Medtronic PLC                                              | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     97095 | NS      | $10227016.35  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc                                          | Joby Aviation Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39485 | NS      | $569768.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd                         | Norwegian Cruise Line Holdings Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     34223 | NS      | $631756.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                                         | nVent Electric PLC                                         | CUSIP: 000000000<br>LEI: 254900LK60A9DK5W5N81 | Long             | EC               | CORP              | IE        |     12195 | NS      | $1308157.65   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                                 | RenaissanceRe Holdings Ltd                                 | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      3558 | NS      | $929242.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Roivant Sciences Ltd                                       | Roivant Sciences Ltd                                       | CUSIP: 000000000<br>LEI: 549300DL466NY5J6U724 | Long             | EC               | CORP              | BM        |     32985 | NS      | $686417.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC                                         | Royalty Pharma PLC                                         | CUSIP: 000000000<br>LEI: 549300FGFN7VOK8BZR03 | Long             | EC               | CORP              | GB        |     28780 | NS      | $1151775.60   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                            | Seagate Technology Holdings PLC                            | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |     16092 | NS      | $4452495.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                                | Pentair PLC                                                | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     12507 | NS      | $1316236.68   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SharkNinja Inc                                             | SharkNinja Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      5327 | NS      | $519755.39    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                                       | Smurfit WestRock PLC                                       | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |     39530 | NS      | $1410825.70   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                                 | STERIS PLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      7496 | NS      | $1996034.88   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                                        | TE Connectivity PLC                                        | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     22373 | NS      | $5059653.95   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                             | TechnipFMC PLC                                             | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     31132 | NS      | $1409034.32   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                                     | Trane Technologies PLC                                     | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     16835 | NS      | $7095615.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd                                        | Viking Holdings Ltd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     13824 | NS      | $923166.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                                   | Willis Towers Watson PLC                                   | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |      7371 | NS      | $2366091.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                                            | Bunge Global SA                                            | CUSIP: 000000000<br>LEI: 254900IVXSV9K0B7PO26 | Long             | EC               | CORP              | CH        |     10609 | NS      | $1019206.63   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                                  | Chubb Ltd                                                  | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |     28082 | NS      | $8317326.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                                 | Garmin Ltd                                                 | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |     12384 | NS      | $2418842.88   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Amrize Ltd                                                 | Amrize Ltd                                                 | CUSIP: 000000000<br>LEI: 529900SLCCO6K43P8146 | Long             | EC               | CORP              | CH        |     38904 | NS      | $2003945.04   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                                 | Elastic NV                                                 | CUSIP: 000000000<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |      7017 | NS      | $494909.01    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                                          | CNH Industrial NV                                          | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     66167 | NS      | $623954.81    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                               | LyondellBasell Industries NV                               | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     19663 | NS      | $963290.37    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                      | NXP Semiconductors NV                                      | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |     19090 | NS      | $3721404.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                                | Royal Caribbean Cruises Ltd                                | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     19171 | NS      | $5104278.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd                                                   | Flex Ltd                                                   | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |     28442 | NS      | $1681206.62   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

**Name of Applicant:** SCHWAB STRATEGIC TRUST

**Signature:** Dana Smith

**Name of Signer:** Dana Smith

**Title:** CFO