# EDGAR Filing Document

**Accession Number:** 0001454889
**File Stem:** 0001410368-26-050061
**Filing Date:** 2026-5
**Character Count:** 2537886
**Document Hash:** 70a120a3c1d7dabf904b7e2c1f1be259
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-050061.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001410368-26-050061

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**PERIOD START**: 20261231

**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:** 261012330

**BUSINESS ADDRESS:**
- **STREET 1:** 425 MARKET STREET
- **STREET 2:** SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** 800-650-9744

**MAIL ADDRESS:**
- **STREET 1:** 425 MARKET STREET
- **STREET 2:** SUITE 1700
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

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

## Series and Classes Contracts Data

### Schwab Long-Term U.S. Treasury ETF (Series ID: S000066662)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000214879 | Schwab Long-Term U.S. Treasury ETF | SCHQ            |

## Nport-Ex

Schwab Strategic Trust

Schwab U.S. TIPS ETF

------

**Portfolio Holdings** as of March 31, 2026 (Unaudited)

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

For fixed rate securities, the rate shown is the interest rate (the rate established when the security was issued). The maturity date shown for all the securities is the final legal maturity. Inflation-protected securities are fixed income securities whose principal value is periodically adjusted by the rate of inflation. The interest rate on these instruments is generally lower at issuance than typical bonds or notes. Over the life of an inflation-indexed instrument interest will be paid based on a principal value, which is adjusted for any inflation or deflation.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TREASURIES** 99.6% OF NET ASSETS | **TREASURIES** 99.6% OF NET ASSETS | **TREASURIES** 99.6% OF NET ASSETS |
| **U.S. Treasury Inflation Protected Securities** | **U.S. Treasury Inflation Protected Securities** | **U.S. Treasury Inflation Protected Securities** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.13%, 04/15/27  | 469534355 | 467012444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.38%, 07/15/27  | 414503486 | 414519677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 10/15/27  | 470844700 | 478403966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 01/15/28  | 424321456 | 421122471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 01/15/28  | 174301931 | 176865395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 04/15/28  | 464048488 | 465951811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/15/28  | 179627470 | 188928102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 07/15/28  | 367713576 | 366729656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 10/15/28  | 478336198 | 495246129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 01/15/29  | 318635509 | 316395103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/15/29  | 162552961 | 168655046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 04/15/29  | 484189635 | 497164406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/15/29  | 205874551 | 222119340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.25%, 07/15/29  | 375783471 | 365500803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 10/15/29  | 506927439 | 514937288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.13%, 01/15/30  | 424449266 | 406227790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 04/15/30  | 526013074 | 531396492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.13%, 07/15/30  | 464620328 | 442269549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 10/15/30  | 539251016 | 534469374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.13%, 01/15/31  | 482012172 | 453204416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.13%, 07/15/31  | 489957539 | 457765800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.13%, 01/15/32  | 532921407 | 490547910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/15/32  | 75626207 | 83454702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 07/15/32  | 553016596 | 521887812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 01/15/33  | 546283933 | 526310426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 07/15/33  | 534883837 | 522984763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 01/15/34  | 566985456 | 564593486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 07/15/34  | 588626634 | 591385821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 01/15/35  | 618296702 | 628597624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 07/15/35  | 640020911 | 637133316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 01/15/36  | 429744970 | 424666928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 02/15/40  | 95766459 | 93748255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 02/15/41  | 142946013 | 138280724 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 02/15/42  | 223968457 | 172538824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 02/15/43  | 181198032 | 133453059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 02/15/44  | 248428193 | 205195864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 02/15/45  | 273940018 | 196648269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 02/15/46  | 140247311 | 103980233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 02/15/47  | 172142917 | 122097071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 02/15/48  | 124740963 | 89526004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 02/15/49  | 113444029 | 80259435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.25%, 02/15/50  | 176693782 | 100028696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.13%, 02/15/51  | 173550999 | 92117616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.13%, 02/15/52  | 208450883 | 108162395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/15/53  | 188995692 | 144880701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 02/15/54  | 192186402 | 169259165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 02/15/55  | 187975781 | 174571493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 02/15/56  | 96903091 | 89885188 |
| **Total Treasuries**<br> **(Cost $16,202,989,152)** | **Total Treasuries**<br> **(Cost $16,202,989,152)** | **15591080838** |

---

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **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 3.60% *(a)*<br>| 293598 | **293598** |
| **Total Short-Term Investments**<br> **(Cost $293,598)** | **Total Short-Term Investments**<br> **(Cost $293,598)** | **293598** |
| **Total Investments in Securities**<br> **(Cost $16,203,282,750)** | **Total Investments in Securities**<br> **(Cost $16,203,282,750)** | **$15591374436** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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** |  |  |  |  |
| Treasuries<sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $15591080838 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $15591080838 |
| Short-Term Investments<sup>1</sup> <br>| 293598 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 293598 |
| **Total** | **$293598** | &nbsp;&nbsp; **$15591080838** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$15591374436** |

---

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

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

**1**

------

Schwab Strategic Trust

Schwab Short-Term U.S. Treasury ETF

------

**Portfolio Holdings** as of March 31, 2026 (Unaudited)

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

For fixed rate securities, the rate shown is the interest rate (the rate established when the security was issued). All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. Variable rate securities are subject to index requirements and will be removed from the index and fund prior to converting from a fixed rate coupon to a variable rate coupon. The maturity date shown for all the securities is the final legal maturity.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TREASURIES** 99.3% OF NET ASSETS | **TREASURIES** 99.3% OF NET ASSETS | **TREASURIES** 99.3% OF NET ASSETS |
| **U.S. Treasury Bonds** | **U.S. Treasury Bonds** | **U.S. Treasury Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 08/15/27  | 8670500 | 8970581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/15/27  | 18576900 | 19254667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/28  | 11073800 | 11499017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/28  | 18470900 | 19131812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/29  | 10223100 | 10638014 |
| **U.S. Treasury Notes** | **U.S. Treasury Notes** | **U.S. Treasury Notes** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/27  | 138603100 | 139672401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 04/30/27  | 74707600 | 72148281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/30/27  | 115006600 | 113777917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/30/27  | 164878800 | 164824055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/15/27  | 127594900 | 125618674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/27  | 136212100 | 137231031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 05/31/27  | 73369900 | 70625694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 05/31/27  | 112810200 | 111305330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/31/27  | 164376000 | 164504419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/15/27  | 138618400 | 139936899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 06/30/27  | 87114100 | 83643148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/30/27  | 112318600 | 111555185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/30/27  | 164894600 | 164781880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 07/15/27  | 134763100 | 135708021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.38%, 07/31/27  | 103467000 | 98863527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 07/31/27  | 108284800 | 106785309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/31/27  | 163782100 | 163874868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/27  | 103420100 | 101256761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/27  | 135048700 | 134898353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 08/31/27  | 88805300 | 84774372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/31/27  | 106153200 | 105131060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/31/27  | 162727100 | 162266252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 09/15/27  | 138618100 | 137732785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.38%, 09/30/27  | 113962700 | 108277920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/30/27  | 164902600 | 164113515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 09/30/27  | 105154600 | 105608490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/27  | 137963700 | 138068790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 10/31/27  | 110218700 | 104623809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/31/27  | 164897700 | 164050667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/31/27  | 101833700 | 102259333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 11/15/27  | 105554400 | 102956773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/27  | 136509800 | 137107030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 11/30/27  | 118297600 | 112232538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/30/27  | 164902000 | 163707105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/30/27  | 99043400 | 99113040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/27  | 138617700 | 139010269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 12/31/27  | 131368400 | 124302217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/31/27  | 164898700 | 163652298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/31/27  | 102755200 | 102839491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/28  | 138616700 | 139613008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 01/31/28  | 145697600 | 137829360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/31/28  | 267649200 | 266154128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 02/15/28  | 142928400 | 140212202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/28  | 137950900 | 139031336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 02/29/28  | 148172300 | 140885232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/29/28  | 164903100 | 163627678 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/29/28  | 101324700 | 101674983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/15/28  | 138613500 | 138786767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 03/31/28  | 133696500 | 127165739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/31/28  | 102755200 | 102399972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/31/28  | 164309400 | 164569342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/15/28  | 138614400 | 138446546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 04/30/28  | 147101300 | 139631312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/30/28  | 102723200 | 102085192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/28  | 148703100 | 145909109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/28  | 138617200 | 138438514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 05/31/28  | 146189500 | 138480289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/31/28  | 98433600 | 98064474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/15/28  | 138618500 | 138835091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 06/30/28  | 135302400 | 127908335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/30/28  | 102755200 | 103204754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/15/28  | 138619200 | 138803304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/31/28  | 143069800 | 134183825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/31/28  | 102755200 | 103477697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 08/15/28  | 149490800 | 146366675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/15/28  | 138617000 | 138043040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 08/31/28  | 143349600 | 134541439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/31/28  | 109634600 | 111030729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 09/15/28  | 138616300 | 137197649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 09/30/28  | 145445000 | 136627397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/30/28  | 117097000 | 119352032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/15/28  | 138617000 | 137561128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 10/31/28  | 136082900 | 127992347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/31/28  | 123893500 | 127077951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/15/28  | 142745000 | 140297146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/28  | 138617200 | 137512594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 11/30/28  | 135766900 | 127875449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/30/28  | 130063500 | 131887438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/15/28  | 138618600 | 137492324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 12/31/28  | 133837600 | 125378646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/31/28  | 138609100 | 138354622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/29  | 138617800 | 137453627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 01/31/29  | 125551900 | 118607311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/29  | 145280400 | 145967076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 02/15/29  | 141532100 | 136959949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/29  | 138617400 | 137431571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/28/29  | 116390300 | 110197973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/28/29  | 152218700 | 153990622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/29  | 138115500 | 136912384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/31/29  | 111735400 | 107174326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/31/29  | 159546100 | 160904736 |
| **Total Treasuries**<br> **(Cost $11,949,914,986)** | **Total Treasuries**<br> **(Cost $11,949,914,986)** | **11941939968** |

---

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

**2**

------

Schwab Short-Term U.S. Treasury ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **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 3.60% *(a)*<br>| 26476338 | **26476338** |
| **Total Short-Term Investments**<br> **(Cost $26,476,338)** | **Total Short-Term Investments**<br> **(Cost $26,476,338)** | **26476338** |
| **Total Investments in Securities**<br> **(Cost $11,976,391,324)** | **Total Investments in Securities**<br> **(Cost $11,976,391,324)** | **$11968416306** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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** |  |  |  |  |
| Treasuries<sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $11941939968 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $11941939968 |
| Short-Term Investments<sup>1</sup> <br>| 26476338 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 26476338 |
| **Total** | **$26476338** | &nbsp;&nbsp; **$11941939968** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$11968416306** |

---

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

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

**3**

------

Schwab Strategic Trust

Schwab Intermediate-Term U.S. Treasury ETF

------

**Portfolio Holdings** as of March 31, 2026 (Unaudited)

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

For fixed rate securities, the rate shown is the interest rate (the rate established when the security was issued). All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. Variable rate securities are subject to index requirements and will be removed from the index and fund prior to converting from a fixed rate coupon to a variable rate coupon. The maturity date shown for all the securities is the final legal maturity.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TREASURIES** 99.2% OF NET ASSETS | **TREASURIES** 99.2% OF NET ASSETS | **TREASURIES** 99.2% OF NET ASSETS |
| **U.S. Treasury Bonds** | **U.S. Treasury Bonds** | **U.S. Treasury Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 08/15/29  | 7959000 | 8524213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/15/30  | 13028200 | 14182926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/31  | 16373400 | 17404413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/36  | 16910900 | 17250439 |
| **U.S. Treasury Notes** | **U.S. Treasury Notes** | **U.S. Treasury Notes** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/15/29  | 115468300 | 110587961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/31/29  | 259853200 | 251509478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/31/29  | 171335800 | 174688895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/30/29  | 80711200 | 79267227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/30/29  | 145822000 | 147644775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 07/31/29  | 74453400 | 71623589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/31/29  | 141666000 | 142324526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 08/15/29  | 92110400 | 85734633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/31/29  | 74037600 | 72308128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/31/29  | 142997400 | 141936092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/30/29  | 141251500 | 139585174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/30/29  | 72325800 | 72345577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/31/29  | 70561100 | 70853267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/31/29  | 140837600 | 142014915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 11/15/29  | 68837600 | 63997456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/30/29  | 69453400 | 69456113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/30/29  | 141493600 | 142681926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/31/29  | 69287700 | 69268754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 12/31/29  | 140888700 | 143293714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/31/30  | 68802600 | 67856564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/31/30  | 141492000 | 143288285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/15/30  | 117049900 | 107137237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/28/30  | 211427700 | 212253590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/31/30  | 68715600 | 68023076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/31/30  | 141406200 | 141936473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/30/30  | 69987700 | 68940618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/30/30  | 141495100 | 141367975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 05/15/30  | 161201000 | 141208297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/31/30  | 68972500 | 68568365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/31/30  | 141491900 | 142000387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/30/30  | 68925900 | 68492421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/30/30  | 141494300 | 141300850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/31/30  | 141494700 | 141279141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/31/30  | 68234600 | 68469156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 08/15/30  | 210398700 | 182726339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/31/30  | 141493600 | 139780202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/31/30  | 72761900 | 73336037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/30/30  | 141493600 | 139758093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/30/30  | 74454200 | 76588942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/31/30  | 141493100 | 139680220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/31/30  | 75254700 | 78191397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 11/15/30  | 219825800 | 191669206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/30/30  | 141494900 | 138908196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/30/30  | 78753200 | 80192907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 12/31/30  | 141493700 | 139592378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/31/30  | 79736000 | 79066342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/31/31  | 141494700 | 140306365 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/31  | 79661200 | 79838570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 02/15/31  | 212648300 | 186474284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/28/31  | 135223400 | 132608728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/28/31  | 79537800 | 80581734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/31/31  | 141494000 | 141051831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/31/31  | 85606000 | 86227982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/30/31  | 88626500 | 91271447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 05/15/31  | 209141000 | 186576648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/31/31  | 88130300 | 90760439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/30/31  | 88888300 | 90020237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/31/31  | 88569200 | 89153895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 08/15/31  | 229110700 | 198887777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/31/31  | 88937900 | 87853969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/30/31  | 88924400 | 87260541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/31/31  | 88843700 | 89329564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 11/15/31  | 224237300 | 194517099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/30/31  | 88836500 | 89291093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/31/31  | 88484800 | 90613966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/31/32  | 88928500 | 90460432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/15/32  | 210938000 | 187116837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/29/32  | 88939700 | 89287121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/31/32  | 88938000 | 89264570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/30/32  | 88939000 | 88629798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/32  | 204973400 | 191754217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/31/32  | 88939900 | 89193518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/30/32  | 88938000 | 88559319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/31/32  | 88779100 | 88352544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/15/32  | 196802400 | 182072970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/31/32  | 88938500 | 87837191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/30/32  | 88940000 | 87793508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/31/32  | 88938000 | 87096706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/32  | 200075400 | 200200447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/30/32  | 88938200 | 87055212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/31/32  | 88936600 | 87665085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/33  | 88938000 | 88277914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/33  | 199865400 | 192370448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/28/33  | 88939300 | 86931218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/31/33  | 88938200 | 89556599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 05/15/33  | 199703900 | 190264771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/33  | 217987400 | 214036378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/33  | 230265200 | 235086378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/15/34  | 241234600 | 238011858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/34  | 242315000 | 244889597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/34  | 242247500 | 236115610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/34  | 242560900 | 242523000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/35  | 242127900 | 248445925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/35  | 242537800 | 241912509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/15/35  | 242475200 | 241622749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/35  | 242558400 | 236627090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/15/36  | 163727600 | 161182148 |
| **Total Treasuries**<br> **(Cost $12,718,673,572)** | **Total Treasuries**<br> **(Cost $12,718,673,572)** | **12672916721** |

---

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

**4**

------

Schwab Intermediate-Term U.S. Treasury ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| 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<br> 3.60% *(a)*<br>| 19719518 | **19719518** |
| **Total Short-Term Investments**<br> **(Cost $19,719,518)** | **Total Short-Term Investments**<br> **(Cost $19,719,518)** | **19719518** |
| **Total Investments in Securities**<br> **(Cost $12,738,393,090)** | **Total Investments in Securities**<br> **(Cost $12,738,393,090)** | **12692636239** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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** |  |  |  |  |
| Treasuries<sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $12672916721 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $12672916721 |
| Short-Term Investments<sup>1</sup> <br>| 19719518 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19719518 |
| **Total** | **$19719518** | &nbsp;&nbsp; **$12672916721** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$12692636239** |

---

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

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

**5**

------

Schwab Strategic Trust

Schwab Long-Term U.S. Treasury ETF

------

**Portfolio Holdings** as of March 31, 2026 (Unaudited)

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

For fixed rate securities, the rate shown is the interest rate (the rate established when the security was issued). All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. Variable rate securities are subject to index requirements and will be removed from the index and fund prior to converting from a fixed rate coupon to a variable rate coupon. The maturity date shown for all the securities is the final legal maturity.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TREASURIES** 99.0% OF NET ASSETS | **TREASURIES** 99.0% OF NET ASSETS | **TREASURIES** 99.0% OF NET ASSETS |
| **U.S. Treasury Bonds** | **U.S. Treasury Bonds** | **U.S. Treasury Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/37  | 1494500 | 1548209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/37  | 1929200 | 2042390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/38  | 2029500 | 2026170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/38  | 2297600 | 2314294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/39  | 2353600 | 2123940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/39  | 3493900 | 3390721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/39  | 3732800 | 3698388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/39  | 4015000 | 3917134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/40  | 4045400 | 4044136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 05/15/40  | 10613200 | 6687974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/40  | 3916800 | 3806028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 08/15/40  | 14478000 | 9028390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/40  | 3893100 | 3569182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 11/15/40  | 15823800 | 10195225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/40  | 3865300 | 3685926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/15/41  | 18067800 | 12523244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/41  | 4097900 | 4120310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 05/15/41  | 14093300 | 10275998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/41  | 3783900 | 3645256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/15/41  | 21022700 | 14062215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/41  | 3828100 | 3415383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 11/15/41  | 18775400 | 12990230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/15/41  | 4020000 | 3291061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 02/15/42  | 14398800 | 10497625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 02/15/42  | 4254200 | 3466508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/42  | 3956800 | 3154312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/42  | 12474800 | 10283913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/15/42  | 4563700 | 3489804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/15/42  | 11631200 | 9720230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/15/42  | 6689400 | 5089693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/42  | 11697200 | 10588708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 02/15/43  | 5742400 | 4598855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/15/43  | 11706100 | 10402882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/43  | 9037700 | 6944908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/15/43  | 11483900 | 10182989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/15/43  | 6503500 | 5554904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/15/43  | 12609400 | 11905047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/15/43  | 6644800 | 5758654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/43  | 12610900 | 12460160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/15/44  | 7026900 | 5971218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/44  | 12603100 | 12053684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 05/15/44  | 6559600 | 5362985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/44  | 12611600 | 12235223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/15/44  | 8447600 | 6624766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/15/44  | 12611900 | 11441358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/15/44  | 7230100 | 5536110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/44  | 12607500 | 12199726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/45  | 9815000 | 6887370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/45  | 12598700 | 12382160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/45  | 4478700 | 3409760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/45  | 12611200 | 12778692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 08/15/45  | 5928800 | 4403060 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 08/15/45  | 12606800 | 12568389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/15/45  | 3774300 | 2854609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/45  | 12612500 | 12166136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/46  | 7165500 | 4944195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/46  | 8708800 | 8393786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/15/46  | 7236800 | 4974735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/46  | 9664200 | 6300605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 11/15/46  | 3609800 | 2639384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/47  | 6768700 | 5046912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/47  | 5765000 | 4286368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/15/47  | 9633100 | 6819934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/15/47  | 9801500 | 6918481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/48  | 10982900 | 8103321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 05/15/48  | 11700300 | 8807218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/15/48  | 13115200 | 9628401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/15/48  | 13000700 | 10192346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/49  | 13872900 | 10135888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/49  | 13296500 | 9452980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/49  | 13054200 | 8121140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 11/15/49  | 12119800 | 7725426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 02/15/50  | 15249100 | 8879027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 05/15/50  | 17970600 | 8531823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 08/15/50  | 20215300 | 9884966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 11/15/50  | 19899600 | 10385104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/15/51  | 22194400 | 12326562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/15/51  | 22265600 | 13931656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/15/51  | 22154100 | 12617452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 11/15/51  | 20715500 | 11385433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 02/15/52  | 18913400 | 11399756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/52  | 17823700 | 12362407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/15/52  | 17014400 | 12098833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/52  | 17110200 | 14704078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/15/53  | 17001900 | 13648010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/15/53  | 17078300 | 13695996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/15/53  | 18906400 | 16588889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/53  | 19816400 | 19272997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/54  | 20717000 | 18561137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/54  | 20718800 | 19760555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/15/54  | 20721300 | 18561752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/54  | 20719800 | 19361682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/55  | 20717500 | 19759316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/55  | 20714900 | 20171134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/55  | 20714000 | 20183204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/55  | 20715300 | 19789585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/56  | 14113600 | 13762965 |
| **Total Treasuries**<br> **(Cost $939,891,202)** | **Total Treasuries**<br> **(Cost $939,891,202)** | **883491681** |

---

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

**6**

------

Schwab Long-Term U.S. Treasury ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **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 U.S. Government <br> Money Market Fund, Premier Class <br> 3.60% *(a)*<br>| 19562 | **19562** |
| **Total Short-Term Investments**<br> **(Cost $19,562)** | **Total Short-Term Investments**<br> **(Cost $19,562)** | **19562** |
| **Total Investments in Securities**<br> **(Cost $939,910,764)** | **Total Investments in Securities**<br> **(Cost $939,910,764)** | **883511243** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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** |  |  |  |  |
| Treasuries<sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $883491681 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $883491681 |
| Short-Term Investments<sup>1</sup> <br>| 19562 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19562 |
| **Total** | **$19562** | &nbsp;&nbsp; **$883491681** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$883511243** |

---

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

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

**7**

------

Schwab Strategic Trust

Schwab U.S. Aggregate Bond ETF

------

**Portfolio Holdings** as of March 31, 2026 (Unaudited)

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

All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. Generally, for fixed rate securities, the rate shown is the interest rate that was established when the security was issued and if the coupon rate is not available, the effective yield at the time of purchase is shown. In some cases, for securitized products, the fixed interest rate can change but remains index eligible as a fixed rate coupon. Variable rate securities are subject to index requirements and will be removed from the index and fund prior to converting from a fixed rate coupon to a variable rate coupon. The maturity date shown for all the securities is the final legal maturity.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CORPORATES** 23.6% OF NET ASSETS | **CORPORATES** 23.6% OF NET ASSETS | **CORPORATES** 23.6% OF NET ASSETS |
| **Financial Institutions 7.6%** | **Financial Institutions 7.6%** | **Financial Institutions 7.6%** |
| ***Banking 5.2%***  | ***Banking 5.2%***  | ***Banking 5.2%***  |
| **Ally Financial, Inc.** | **Ally Financial, Inc.** | **Ally Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/09/27 *(a)* | 260000 | 260494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 11/15/27 *(a)* | 240000 | 248887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 11/02/28 *(a)* | 355000 | 334488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.99%, 06/13/29 *(a)(b)* | 310000 | 322905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 01/03/30 *(a)(b)* | 290000 | 302583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/01/31  | 840000 | 931124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 07/31/33 *(a)(b)* | 290000 | 285082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 07/26/35 *(a)(b)* | 245000 | 245958 |
| **American Express Co.** | **American Express Co.** | **American Express Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 05/03/27 *(a)* | 570000 | 565149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/05/27 *(a)* | 500000 | 512065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 07/26/28 *(a)(b)* | 375000 | 378337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.01%, 02/09/29 *(a)(b)* | 425000 | 422365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 04/25/29 *(a)(b)* | 400000 | 402752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/03/29 *(a)* | 365000 | 363872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 07/20/29 *(a)(b)* | 460000 | 459816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 07/27/29 *(a)(b)* | 435000 | 442834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 04/25/30 *(a)(b)* | 355000 | 365597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 01/30/31 *(a)(b)* | 400000 | 407140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 04/25/31 *(a)(b)* | 435000 | 442195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.49%, 10/30/31 *(a)(b)* | 405000 | 435258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 02/10/32 *(a)(b)* | 325000 | 321666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 05/26/33 *(a)(b)* | 265000 | 264088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 07/20/33 *(a)(b)* | 510000 | 511856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 08/03/33 *(a)(b)* | 425000 | 415097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 05/01/34 *(a)(b)* | 445000 | 446562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/28/34 *(a)(b)* | 200000 | 204594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.92%, 04/25/35 *(a)(b)* | 245000 | 254082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 07/26/35 *(a)(b)* | 550000 | 555648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 01/30/36 *(a)(b)* | 350000 | 356545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 04/25/36 *(a)(b)* | 500000 | 517235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/24/36 *(a)(b)* | 600000 | 580680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 12/03/42  | 330000 | 274194 |
| **American Express Credit Corp.** | **American Express Credit Corp.** | **American Express Credit Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 05/03/27 *(a)* | 225000 | 223004 |
| **Associated Banc-Corp.** | **Associated Banc-Corp.** | **Associated Banc-Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.46%, 08/29/30 *(a)(b)* | 205000 | 210111 |
| **Australia & New Zealand Banking Group Ltd.** | **Australia & New Zealand Banking Group Ltd.** | **Australia & New Zealand Banking Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/16/27  | 250000 | 252470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 09/30/27  | 315000 | 314449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.36%, 06/18/28  | 250000 | 251088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 12/08/28  | 250000 | 248558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 12/16/29  | 250000 | 253140 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 09/14/28 *(a)(b)* | 400000 | 409216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/03/29  | 200000 | 197722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/13/29  | 400000 | 410716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 11/15/34 *(a)(b)* | 200000 | 226030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.03%, 03/13/35 *(a)(b)* | 200000 | 208166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/03/36  | 200000 | 194524 |
| **Banco Santander SA** | **Banco Santander SA** | **Banco Santander SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/11/27  | 400000 | 399544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 08/18/27  | 600000 | 606066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/23/28  | 400000 | 395168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/12/28  | 400000 | 398844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 07/15/28 *(a)(b)* | 400000 | 404392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 08/08/28  | 600000 | 614574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.61%, 11/07/28  | 400000 | 420708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.31%, 06/27/29  | 400000 | 385472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 01/17/30  | 200000 | 204996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 03/14/30 *(a)(b)* | 400000 | 409772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 05/28/30  | 400000 | 381140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/06/30  | 400000 | 394444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 12/03/30  | 400000 | 359592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 03/25/31  | 200000 | 183306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 07/15/31  | 400000 | 411976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.23%, 11/22/32 *(a)(b)* | 400000 | 359288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.92%, 08/08/33  | 600000 | 648108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.94%, 11/07/33  | 400000 | 448788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 03/14/34  | 400000 | 420140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.03%, 01/17/35  | 200000 | 209496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/06/35  | 400000 | 390572 |
| **Bank of America Corp.** | **Bank of America Corp.** | **Bank of America Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/21/27 *(a)* | 835000 | 823920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 11/25/27 *(a)* | 700000 | 697543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.71%, 04/24/28 *(a)(b)* | 700000 | 694666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/27/28 *(a)(b)* | 760000 | 759438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 07/21/28 *(a)(b)* | 675000 | 667973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/22/28 *(a)(b)* | 900000 | 905940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/10/28 *(a)(b)* | 705000 | 724465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.42%, 12/20/28 *(a)(b)* | 1845000 | 1812712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 01/24/29 *(a)(b)* | 750000 | 756795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 03/05/29 *(a)(b)* | 810000 | 802993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/25/29 *(a)(b)* | 1105000 | 1121034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 05/09/29 *(a)(b)* | 750000 | 753487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.09%, 06/14/29 *(a)(b)* | 925000 | 879804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.27%, 07/23/29 *(a)(b)* | 1000000 | 996080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 09/15/29 *(a)(b)* | 880000 | 907922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 02/07/30 *(a)(b)* | 955000 | 941993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.19%, 07/23/30 *(a)(b)* | 810000 | 777478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/22/30 *(a)(b)* | 580000 | 548628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 01/24/31 *(a)(b)* | 795000 | 810129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/13/31 *(a)(b)* | 1040000 | 961574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.59%, 04/29/31 *(a)(b)* | 1000000 | 923960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 07/23/31 *(a)(b)* | 845000 | 753647 |

---

**8**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.92%, 10/24/31 *(a)(b)* | 845000 | 749109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 02/06/32 *(a)(b)* | 750000 | 740587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 03/11/32 *(a)(b)* | 660000 | 598726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.69%, 04/22/32 *(a)(b)* | 1395000 | 1266423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 07/21/32 *(a)(b)* | 1125000 | 993206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57%, 10/20/32 *(a)(b)* | 1100000 | 979715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 02/04/33 *(a)(b)* | 1250000 | 1131775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 04/27/33 *(a)(b)* | 1295000 | 1272687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 07/22/33 *(a)(b)* | 1600000 | 1610752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 04/25/34 *(a)(b)* | 1545000 | 1563942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 09/15/34 *(a)(b)* | 1220000 | 1277828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 01/23/35 *(a)(b)* | 1520000 | 1551175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 08/15/35 *(a)(b)* | 805000 | 804372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 10/25/35 *(a)(b)* | 1025000 | 1026353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 01/24/36 *(a)(b)* | 1085000 | 1106526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 02/12/36 *(a)(b)* | 750000 | 763680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 05/09/36 *(a)(b)* | 635000 | 648297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.48%, 09/21/36 *(a)(b)* | 710000 | 614022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.11%, 01/29/37  | 645000 | 677624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/06/37 *(a)(b)* | 1250000 | 1233637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/08/37 *(a)(b)* | 725000 | 671814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 04/24/38 *(a)(b)* | 600000 | 543804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 05/14/38  | 495000 | 588451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 04/23/40 *(a)(b)* | 465000 | 404815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.68%, 06/19/41 *(a)(b)* | 1595000 | 1143806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/07/42  | 510000 | 525631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.31%, 04/22/42 *(a)(b)* | 1095000 | 836865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/21/44  | 650000 | 605780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/44  | 240000 | 221275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/21/45  | 200000 | 175046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 01/20/48 *(a)(b)* | 640000 | 537792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/23/49 *(a)(b)* | 500000 | 385595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 03/15/50 *(a)(b)* | 895000 | 727581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 03/20/51 *(a)(b)* | 1670000 | 1292179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.83%, 10/24/51 *(a)(b)* | 355000 | 218140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.48%, 03/13/52 *(a)(b)* | 400000 | 277920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 07/21/52 *(a)(b)* | 580000 | 367210 |
| **Bank of America NA** | **Bank of America NA** | **Bank of America NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/15/36  | 470000 | 496090 |
| **Bank of Montreal** | **Bank of Montreal** | **Bank of Montreal** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 06/04/27  | 170000 | 172127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/14/27 *(a)* | 330000 | 331828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/01/28 *(a)* | 350000 | 355373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 09/22/28 *(a)(b)* | 220000 | 218970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 09/25/28 *(a)* | 240000 | 247296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/27/29 *(a)(b)* | 255000 | 257428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 03/19/30 *(a)(b)* | 350000 | 348310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.64%, 09/10/30 *(a)(b)* | 500000 | 501500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 06/04/31 *(a)* | 285000 | 295779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 09/22/31 *(a)(b)* | 290000 | 286268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 01/14/32 *(a)(b)* | 340000 | 335305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 12/15/32 *(a)(b)* | 404000 | 397597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.09%, 01/10/37 *(a)(b)* | 400000 | 355548 |
| **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/16/27 *(a)* | 365000 | 362033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/29/28 *(a)* | 360000 | 355658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/28/28  | 375000 | 373410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 06/09/28 *(a)(b)* | 220000 | 220367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.99%, 06/13/28 *(a)(b)* | 280000 | 278846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 07/14/28 *(a)* | 325000 | 307655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 10/25/28 *(a)(b)* | 400000 | 409004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/30/28 *(a)* | 335000 | 323982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/26/29 *(a)* | 255000 | 252861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 08/23/29 *(a)* | 330000 | 318014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.32%, 10/25/29 *(a)(b)* | 380000 | 398035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.03%, 01/22/30 *(a)(b)* | 390000 | 386330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 03/14/30 *(a)(b)* | 330000 | 335696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/26/30 *(a)(b)* | 160000 | 160912 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/28/31 *(a)* | 345000 | 304245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 07/28/31 *(a)* | 345000 | 300985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/26/32 *(a)* | 140000 | 126151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.29%, 06/13/33 *(a)(b)* | 385000 | 374944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 10/25/33 *(a)(b)* | 565000 | 599392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 02/01/34 *(a)(b)* | 215000 | 213020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 04/26/34 *(a)(b)* | 375000 | 375844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.47%, 10/25/34 *(a)(b)* | 340000 | 372239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 03/14/35 *(a)(b)* | 400000 | 405932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 11/20/35 *(a)(b)* | 100000 | 101452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 06/06/36 *(a)(b)* | 245000 | 248413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 07/21/39 *(a)(b)* | 140000 | 142849 |
| **Bank of Nova Scotia** | **Bank of Nova Scotia** | **Bank of Nova Scotia** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/04/27  | 250000 | 253185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/12/28  | 245000 | 249947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/08/28 *(a)(b)* | 300000 | 299847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.04%, 09/15/28 *(a)(b)* | 290000 | 288376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 02/14/29 *(a)(b)* | 200000 | 201772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/01/29  | 280000 | 288887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/01/30  | 365000 | 369676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/02/30 *(a)(b)* | 420000 | 416123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/14/31 *(a)(b)* | 200000 | 203686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 08/01/31  | 425000 | 375250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 09/15/31 *(a)(b)* | 250000 | 246860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/02/32  | 325000 | 287645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.74%, 11/10/32 *(a)(b)* | 200000 | 199626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/01/34  | 295000 | 307245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 02/02/34 *(a)(b)* | 340000 | 335458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.59%, 05/04/37 *(a)(b)* | 455000 | 435599 |
| **BankUnited, Inc.** | **BankUnited, Inc.** | **BankUnited, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/11/30 *(a)* | 280000 | 279966 |
| **Barclays PLC** | **Barclays PLC** | **Barclays PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 01/10/28 *(a)* | 425000 | 423487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 05/09/28 *(a)* | 600000 | 600282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/09/28 *(a)(b)* | 600000 | 607074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 09/10/28 *(a)(b)* | 490000 | 491906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.39%, 11/02/28 *(a)(b)* | 430000 | 448060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 02/25/29 *(a)(b)* | 400000 | 403348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 05/16/29 *(a)(b)* | 610000 | 613636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.49%, 09/13/29 *(a)(b)* | 330000 | 343745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 11/11/29 *(a)(b)* | 440000 | 437628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.69%, 03/12/30 *(a)(b)* | 650000 | 667985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 05/24/30 *(a)(b)* | 200000 | 197080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 06/20/30 *(a)(b)* | 545000 | 547578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 09/10/30 *(a)(b)* | 425000 | 427393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 02/25/31 *(a)(b)* | 550000 | 559878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/24/31 *(a)(b)* | 290000 | 265805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.52%, 02/24/32 *(a)(b)* | 400000 | 391512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 03/10/32 *(a)(b)* | 310000 | 278070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.89%, 11/24/32 *(a)(b)* | 285000 | 254784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/09/33 *(a)(b)* | 330000 | 339197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.44%, 11/02/33 *(a)(b)* | 700000 | 782404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.22%, 05/09/34 *(a)(b)* | 610000 | 640726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.12%, 06/27/34 *(a)(b)* | 410000 | 446986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.69%, 09/13/34 *(a)(b)* | 465000 | 502837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 09/10/35 *(a)(b)* | 585000 | 579220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.56%, 09/23/35 *(a)(b)* | 300000 | 279957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.79%, 02/25/36 *(a)(b)* | 715000 | 725232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 02/24/37 *(a)(b)* | 500000 | 484260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.81%, 03/10/42 *(a)(b)* | 330000 | 256324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.33%, 11/24/42 *(a)(b)* | 460000 | 341053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/17/45  | 505000 | 468221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.86%, 08/11/46 *(a)(b)* | 370000 | 365715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/10/47  | 475000 | 420209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.04%, 03/12/55 *(a)(b)* | 300000 | 308421 |
| **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/07/27 *(a)* | 265000 | 263076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 06/28/27  | 350000 | 354221 |

---

**9**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/28/28 *(a)* | 400000 | 405108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 09/08/28 *(a)(b)* | 250000 | 249523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.99%, 10/03/28 *(a)* | 250000 | 259345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 03/30/29 *(a)(b)* | 410000 | 413444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 04/08/29 *(a)* | 385000 | 393755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 01/29/30 *(a)(b)* | 600000 | 596028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/11/30 *(a)(b)* | 250000 | 250328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/13/31 *(a)(b)* | 250000 | 255555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 09/08/31 *(a)(b)* | 300000 | 299049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/07/32 *(a)* | 300000 | 281739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 10/03/33 *(a)* | 415000 | 444399 |
| **Capital One Financial Corp.** | **Capital One Financial Corp.** | **Capital One Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 05/11/27 *(a)* | 300000 | 297639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 01/31/28 *(a)* | 545000 | 538749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 05/10/28 *(a)(b)* | 525000 | 526764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 02/01/29 *(a)(b)* | 300000 | 304674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.31%, 06/08/29 *(a)(b)* | 500000 | 517205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 02/01/30 *(a)(b)* | 250000 | 256535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.27%, 03/01/30 *(a)(b)* | 450000 | 433350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/26/30 *(a)(b)* | 275000 | 278858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 07/26/30 *(a)(b)* | 270000 | 275862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 09/11/31 *(a)(b)* | 370000 | 363318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.62%, 10/30/31 *(a)(b)* | 525000 | 580099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.72%, 01/30/32 *(a)(b)* | 500000 | 492520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.36%, 07/29/32 *(a)(b)* | 395000 | 340996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.62%, 11/02/32 *(a)(b)* | 230000 | 202299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 11/29/32 *(a)* | 275000 | 299096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.27%, 05/10/33 *(a)(b)* | 320000 | 320131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 02/01/34 *(a)(b)* | 370000 | 379072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/08/34 *(a)(b)* | 500000 | 527605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.96%, 11/02/34 *(a)(b)* | 280000 | 321440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 02/01/35 *(a)(b)* | 345000 | 357272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/26/35 *(a)(b)* | 300000 | 307536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 01/30/36 *(a)(b)* | 525000 | 533857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/11/36 *(a)(b)* | 445000 | 431650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/30/37 *(a)(b)* | 500000 | 490870 |
| **Capital One NA** | **Capital One NA** | **Capital One NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/13/28 *(a)* | 395000 | 396785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 02/06/30 *(a)* | 285000 | 266444 |
| **Citibank NA** | **Citibank NA** | **Citibank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 05/29/27 *(a)* | 705000 | 707820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/29/28 *(a)* | 770000 | 799422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 08/06/29 *(a)* | 525000 | 532056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 05/29/30 *(a)* | 810000 | 823106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 04/30/34 *(a)* | 650000 | 673640 |
| **Citigroup, Inc.** | **Citigroup, Inc.** | **Citigroup, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/29/27  | 1050000 | 1050283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/15/28  | 155000 | 161279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.64%, 05/07/28 *(a)(b)* | 785000 | 786272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 05/24/28 *(a)(b)* | 535000 | 536172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 07/24/28 *(a)(b)* | 830000 | 821459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/25/28  | 620000 | 615015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 10/27/28 *(a)(b)* | 755000 | 743894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 03/04/29 *(a)(b)* | 715000 | 718861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 04/23/29 *(a)(b)* | 615000 | 610320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 02/13/30 *(a)(b)* | 940000 | 954702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.98%, 03/20/30 *(a)(b)* | 820000 | 807126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 09/19/30 *(a)(b)* | 950000 | 947112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.98%, 11/05/30 *(a)(b)* | 705000 | 665717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 01/29/31 *(a)(b)* | 795000 | 737514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.41%, 03/31/31 *(a)(b)* | 1200000 | 1185552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/07/31 *(a)(b)* | 550000 | 553822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57%, 06/03/31 *(a)(b)* | 1095000 | 1004531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/11/31 *(a)(b)* | 890000 | 879560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.56%, 05/01/32 *(a)(b)* | 1045000 | 935348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 06/15/32  | 310000 | 337035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.52%, 11/03/32 *(a)(b)* | 575000 | 507909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.06%, 01/25/33 *(a)(b)* | 890000 | 803848 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/22/33  | 200000 | 209362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.79%, 03/17/33 *(a)(b)* | 1065000 | 999577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 05/24/33 *(a)(b)* | 700000 | 697424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/31/33  | 375000 | 393142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.27%, 11/17/33 *(a)(b)* | 755000 | 807873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.17%, 05/25/34 *(a)(b)* | 995000 | 1031795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 11/19/34 *(a)(b)* | 420000 | 426077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 02/13/35 *(a)(b)* | 740000 | 749879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/11/35 *(a)(b)* | 820000 | 832505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 01/24/36 *(a)(b)* | 940000 | 960924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 03/27/36 *(a)(b)* | 650000 | 652249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 08/25/36  | 170000 | 176569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 09/11/36 *(a)(b)* | 960000 | 951187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/24/39 *(a)(b)* | 310000 | 267623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 07/15/39  | 605000 | 754804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 09/19/39 *(a)(b)* | 375000 | 367211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 03/26/41 *(a)(b)* | 455000 | 440963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/30/42  | 295000 | 299691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 11/03/42 *(a)(b)* | 460000 | 328785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.68%, 09/13/43  | 350000 | 375494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/06/44  | 325000 | 300271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/30/45  | 305000 | 267162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/18/46  | 625000 | 527100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 04/24/48 *(a)(b)* | 280000 | 227276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/23/48 *(a)* | 825000 | 700276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 03/04/56 *(a)(b)* | 675000 | 650335 |
| **Citizens Bank NA** | **Citizens Bank NA** | **Citizens Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 01/29/29 *(a)(b)* | 425000 | 422539 |
| **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.84%, 01/23/30 *(a)(b)* | 350000 | 360619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/06/30 *(a)* | 105000 | 96851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/30/30 *(a)* | 425000 | 401085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/05/31 *(a)(b)* | 250000 | 252963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 07/23/32 *(a)(b)* | 350000 | 360014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 09/30/32 *(a)* | 205000 | 175349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 04/25/35 *(a)(b)* | 310000 | 332618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/29/36 *(a)(b)* | 130000 | 128908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 05/21/37 *(a)(b)* | 220000 | 219725 |
| **Commonwealth Bank of Australia** | **Commonwealth Bank of Australia** | **Commonwealth Bank of Australia** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 03/14/28  | 275000 | 276634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.36%, 03/27/29  | 300000 | 300978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/01/30  | 250000 | 247903 |
| **Cooperatieve Rabobank UA** | **Cooperatieve Rabobank UA** | **Cooperatieve Rabobank UA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.74%, 01/14/28  | 250000 | 248403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/21/28  | 250000 | 253565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 10/17/28  | 250000 | 248993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/09/29  | 285000 | 289312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 10/17/29  | 250000 | 251760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/24/41  | 430000 | 417130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/01/43  | 390000 | 380562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/04/45  | 390000 | 356519 |
| **Deutsche Bank AG** | **Deutsche Bank AG** | **Deutsche Bank AG** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 01/10/29 *(a)(b)* | 375000 | 379507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.72%, 01/18/29 *(a)(b)* | 425000 | 440232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 05/10/29  | 400000 | 410740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.82%, 11/20/29 *(a)(b)* | 325000 | 341348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/11/30 *(a)(b)* | 450000 | 452020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/09/31 *(a)(b)* | 425000 | 429530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/08/31 *(a)(b)* | 275000 | 280726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/04/31 *(a)(b)* | 500000 | 498310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 09/18/31 *(a)(b)* | 510000 | 479696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 12/10/31 *(a)(b)* | 385000 | 378493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.73%, 01/14/32 *(a)(b)* | 500000 | 464585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.04%, 05/28/32 *(a)(b)* | 360000 | 325948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 12/01/32 *(a)(b)* | 545000 | 542842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.74%, 01/07/33 *(a)(b)* | 385000 | 350785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.08%, 02/10/34 *(a)(b)* | 385000 | 412431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/11/35 *(a)(b)* | 480000 | 477302 |

---

**10**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Fifth Third Bancorp** | **Fifth Third Bancorp** | **Fifth Third Bancorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 05/05/27 *(a)* | 300000 | 294105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/14/28 *(a)* | 115000 | 114232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 04/25/28 *(a)(b)* | 325000 | 323281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.36%, 10/27/28 *(a)(b)* | 225000 | 231532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 07/27/29 *(a)(b)* | 500000 | 518515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.77%, 07/28/30 *(a)(b)* | 245000 | 245294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/06/30 *(a)(b)* | 45000 | 45193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/29/32 *(a)(b)* | 325000 | 335127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 04/29/32 *(a)(b)* | 335000 | 329081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 04/25/33 *(a)(b)* | 200000 | 192900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 01/29/37 *(a)(b)* | 310000 | 302498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 03/01/38  | 295000 | 355510 |
| **Fifth Third Bank NA** | **Fifth Third Bank NA** | **Fifth Third Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 08/25/33 *(a)(b)* | 250000 | 250635 |
| **Fifth Third Financial Corp.** | **Fifth Third Financial Corp.** | **Fifth Third Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/29 *(a)* | 340000 | 335186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.98%, 01/30/30 *(a)(b)* | 250000 | 258313 |
| **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 03/12/31 *(a)(b)* | 150000 | 148740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 03/03/32 *(a)(b)* | 150000 | 145125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/05/35 *(a)(b)* | 235000 | 229858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/12/40 *(a)(b)* | 220000 | 214832 |
| **First Horizon Bank** | **First Horizon Bank** | **First Horizon Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/01/30 *(a)* | 315000 | 320270 |
| **First Horizon Corp.** | **First Horizon Corp.** | **First Horizon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 03/07/31 *(a)(b)* | 65000 | 65853 |
| **First-Citizens Bank & Trust Co.** | **First-Citizens Bank & Trust Co.** | **First-Citizens Bank & Trust Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/09/28  | 220000 | 225518 |
| **FNB Corp.** | **FNB Corp.** | **FNB Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 12/11/30 *(a)(b)* | 265000 | 266744 |
| **Goldman Sachs Capital I** | **Goldman Sachs Capital I** | **Goldman Sachs Capital I** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 02/15/34  | 300000 | 313269 |
| **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 04/23/28 *(a)(b)* | 805000 | 808808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.69%, 06/05/28 *(a)(b)* | 805000 | 797747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 08/23/28 *(a)(b)* | 805000 | 804831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/21/29 *(a)(b)* | 1395000 | 1386044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.81%, 04/23/29 *(a)(b)* | 810000 | 799057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 05/01/29 *(a)(b)* | 1110000 | 1103839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/21/29 *(a)(b)* | 805000 | 797666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.48%, 10/24/29 *(a)(b)* | 875000 | 915862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 02/07/30 *(a)* | 665000 | 618869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/15/30 *(a)* | 715000 | 695330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 04/25/30 *(a)(b)* | 710000 | 732663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/23/30 *(a)(b)* | 750000 | 759135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 10/23/30 *(a)(b)* | 570000 | 570815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 01/28/31 *(a)(b)* | 500000 | 508465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 04/23/31 *(a)(b)* | 900000 | 915309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.37%, 10/21/31 *(a)(b)* | 750000 | 735765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.52%, 01/21/32 *(a)(b)* | 1170000 | 1152789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.99%, 01/27/32 *(a)(b)* | 965000 | 848119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.62%, 04/22/32 *(a)(b)* | 1110000 | 997945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 07/21/32 *(a)(b)* | 1265000 | 1116666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 10/21/32 *(a)(b)* | 1010000 | 897092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/15/33  | 370000 | 397021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 02/24/33 *(a)(b)* | 1215000 | 1096744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.56%, 10/24/34 *(a)(b)* | 460000 | 500107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/25/35 *(a)(b)* | 735000 | 763525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 07/23/35 *(a)(b)* | 885000 | 888204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 10/23/35 *(a)(b)* | 1070000 | 1051007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 01/28/36 *(a)(b)* | 925000 | 940919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 05/01/36  | 265000 | 280590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 10/21/36 *(a)(b)* | 1120000 | 1085101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 01/21/37 *(a)(b)* | 1410000 | 1381165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 10/01/37  | 1730000 | 1867933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 10/31/38 *(a)(b)* | 840000 | 733177 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.41%, 04/23/39 *(a)(b)* | 450000 | 403191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/01/41  | 975000 | 1030214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 02/02/41 *(a)(b)* | 780000 | 754954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.21%, 04/22/42 *(a)(b)* | 855000 | 634761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.91%, 07/21/42 *(a)(b)* | 490000 | 346009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.44%, 02/24/43 *(a)(b)* | 730000 | 548529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 07/08/44 *(a)* | 560000 | 495387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/22/45  | 585000 | 525207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/21/45 *(a)* | 525000 | 455474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.56%, 11/19/45 *(a)(b)* | 900000 | 865665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 01/21/47 *(a)(b)* | 960000 | 915024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 01/28/56 *(a)(b)* | 995000 | 970891 |
| **HSBC Bank USA NA** | **HSBC Bank USA NA** | **HSBC Bank USA NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/01/34  | 85000 | 88643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/15/39  | 325000 | 363188 |
| **HSBC Holdings PLC** | **HSBC Holdings PLC** | **HSBC Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 05/17/28 *(a)(b)* | 610000 | 616808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.76%, 06/09/28 *(a)(b)* | 890000 | 891905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 08/11/28 *(a)(b)* | 700000 | 705754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.01%, 09/22/28 *(a)(b)* | 660000 | 636623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.39%, 11/03/28 *(a)(b)* | 815000 | 849727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/19/28 *(a)(b)* | 620000 | 625016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/03/29 *(a)(b)* | 450000 | 452520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.16%, 03/09/29 *(a)(b)* | 730000 | 751279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 06/19/29 *(a)(b)* | 985000 | 984330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.21%, 08/17/29 *(a)(b)* | 710000 | 671972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/04/30 *(a)(b)* | 480000 | 491794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/10/30 *(a)(b)* | 400000 | 396980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/31/30  | 750000 | 759090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 05/22/30 *(a)(b)* | 910000 | 890908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 11/19/30 *(a)(b)* | 650000 | 661531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/03/31 *(a)(b)* | 500000 | 505490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 05/13/31 *(a)(b)* | 750000 | 760530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 06/04/31 *(a)(b)* | 480000 | 443746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.36%, 08/18/31 *(a)(b)* | 350000 | 315809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 11/06/31 *(a)(b)* | 690000 | 681058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 03/10/32 *(a)(b)* | 600000 | 591900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 05/17/32 *(a)(b)* | 405000 | 418944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/24/32 *(a)(b)* | 1025000 | 922561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 11/22/32 *(a)(b)* | 525000 | 469670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.76%, 03/29/33 *(a)(b)* | 595000 | 579810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/11/33 *(a)(b)* | 765000 | 777179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.11%, 11/03/33 *(a)(b)* | 540000 | 617814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/09/34 *(a)(b)* | 830000 | 879327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 06/20/34 *(a)(b)* | 585000 | 615297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.40%, 11/13/34 *(a)(b)* | 685000 | 757432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 03/04/35 *(a)(b)* | 350000 | 358722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 11/18/35 *(a)(b)* | 600000 | 608148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/03/36 *(a)(b)* | 700000 | 702877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/02/36  | 685000 | 731645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.79%, 05/13/36 *(a)(b)* | 710000 | 729894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 09/10/36 *(a)(b)* | 290000 | 290331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/06/36 *(a)(b)* | 690000 | 675731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 03/10/37 *(a)(b)* | 900000 | 884025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 09/15/37  | 695000 | 738207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 06/01/38  | 600000 | 649807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 01/14/42  | 250000 | 265103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.33%, 03/09/44 *(a)(b)* | 840000 | 886141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/14/44  | 490000 | 459752 |
| **HSBC USA, Inc.** | **HSBC USA, Inc.** | **HSBC USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/03/28  | 300000 | 301887 |
| **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 08/04/28 *(a)(b)* | 325000 | 324932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.21%, 08/21/29 *(a)(b)* | 510000 | 529059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 02/04/30 *(a)* | 365000 | 338300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 01/28/32 *(a)(b)* | 310000 | 305877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 05/17/33 *(a)(b)* | 115000 | 114303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 02/02/35 *(a)(b)* | 325000 | 331848 |

---

**11**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.49%, 08/15/36 *(a)(b)* | 175000 | 150194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 11/18/39 *(a)(b)* | 225000 | 229230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 01/28/41 *(a)(b)* | 230000 | 224724 |
| **Huntington National Bank** | **Huntington National Bank** | **Huntington National Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 04/12/28 *(a)(b)* | 330000 | 331191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/17/28 *(a)(b)* | 330000 | 330168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/10/30 *(a)* | 250000 | 258633 |
| **Independent Bank Corp.** | **Independent Bank Corp.** | **Independent Bank Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 04/01/35 *(a)(b)* | 170000 | 178925 |
| **ING Groep NV** | **ING Groep NV** | **ING Groep NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/02/28  | 430000 | 430757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 04/09/29  | 355000 | 350506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 03/19/30 *(a)(b)* | 460000 | 469977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 03/25/31 *(a)(b)* | 325000 | 327902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/23/32 *(a)(b)* | 400000 | 397476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.73%, 04/01/32 *(a)(b)* | 250000 | 226370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/28/33 *(a)(b)* | 425000 | 409058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.11%, 09/11/34 *(a)(b)* | 370000 | 390916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/19/35 *(a)(b)* | 495000 | 503068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 03/25/36 *(a)(b)* | 320000 | 323882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 03/23/37 *(a)(b)* | 500000 | 498545 |
| **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 04/29/27  | 275000 | 286003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/01/27  | 428000 | 428291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 12/01/27 *(a)* | 420000 | 415216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 04/22/28 *(a)(b)* | 700000 | 708568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 04/26/28 *(a)(b)* | 960000 | 959770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 05/01/28 *(a)(b)* | 850000 | 842205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.18%, 06/01/28 *(a)(b)* | 500000 | 487395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 07/22/28 *(a)(b)* | 730000 | 735117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 07/25/28 *(a)(b)* | 1060000 | 1065491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.51%, 10/22/28 *(a)(b)* | 670000 | 670764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.51%, 01/23/29 *(a)(b)* | 760000 | 747977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 01/24/29 *(a)(b)* | 630000 | 635928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.01%, 04/23/29 *(a)(b)* | 770000 | 763640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.07%, 06/01/29 *(a)(b)* | 600000 | 570912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/23/29 *(a)(b)* | 760000 | 755683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 07/24/29 *(a)(b)* | 835000 | 850598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 10/23/29 *(a)(b)* | 595000 | 618497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 12/05/29 *(a)(b)* | 825000 | 826089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.01%, 01/23/30 *(a)(b)* | 860000 | 872238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 04/22/30 *(a)(b)* | 845000 | 871009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/06/30 *(a)(b)* | 775000 | 756175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 06/14/30 *(a)(b)* | 560000 | 560767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/22/30 *(a)(b)* | 850000 | 862418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 09/01/30  | 380000 | 440865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.74%, 10/15/30 *(a)(b)* | 1125000 | 1059896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 10/22/30 *(a)(b)* | 665000 | 666430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 01/24/31 *(a)(b)* | 750000 | 763657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 03/24/31 *(a)(b)* | 910000 | 905887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.52%, 04/22/31 *(a)(b)* | 825000 | 762440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/22/31 *(a)(b)* | 725000 | 738325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 05/13/31 *(a)(b)* | 1050000 | 979377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.26%, 10/22/31 *(a)(b)* | 500000 | 492520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.76%, 11/19/31 *(a)(b)* | 540000 | 474012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/22/32 *(a)(b)* | 810000 | 798822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 02/04/32 *(a)(b)* | 925000 | 815517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.58%, 04/22/32 *(a)(b)* | 1100000 | 995401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 11/08/32 *(a)(b)* | 800000 | 712400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 01/25/33 *(a)(b)* | 1285000 | 1165726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.59%, 04/26/33 *(a)(b)* | 780000 | 769727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 07/25/33 *(a)(b)* | 1375000 | 1379097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 09/14/33 *(a)(b)* | 1010000 | 1047097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/01/34 *(a)(b)* | 1300000 | 1326702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/23/34 *(a)(b)* | 975000 | 1048096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 01/23/35 *(a)(b)* | 955000 | 970099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.77%, 04/22/35 *(a)(b)* | 875000 | 912021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 07/22/35 *(a)(b)* | 1050000 | 1061791 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/22/35 *(a)(b)* | 805000 | 796185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/24/36 *(a)(b)* | 885000 | 906859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 04/22/36 *(a)(b)* | 1110000 | 1143022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 07/23/36 *(a)(b)* | 1290000 | 1307944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 10/22/36 *(a)(b)* | 1000000 | 971980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/22/37 *(a)(b)* | 1115000 | 1091128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 02/05/37 *(a)(b)* | 950000 | 933555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 05/15/38  | 760000 | 836327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/24/38 *(a)(b)* | 920000 | 808974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/40  | 400000 | 407572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.11%, 04/22/41 *(a)(b)* | 585000 | 446308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 07/15/41  | 575000 | 578657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.53%, 11/19/41 *(a)(b)* | 665000 | 464609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/06/42  | 350000 | 344449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.16%, 04/22/42 *(a)(b)* | 725000 | 545193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/16/43  | 355000 | 353665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/01/44  | 350000 | 321447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/45  | 590000 | 534658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 11/29/45 *(a)(b)* | 785000 | 771584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.26%, 02/22/48 *(a)(b)* | 595000 | 487353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.03%, 07/24/48 *(a)(b)* | 570000 | 450608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 11/15/48 *(a)(b)* | 1110000 | 861859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 01/23/49 *(a)(b)* | 665000 | 511525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.11%, 04/22/51 *(a)(b)* | 730000 | 478019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.33%, 04/22/52 *(a)(b)* | 1150000 | 782552 |
| **Keybank National Association** | **Keybank National Association** | **Keybank National Association** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/15/27 *(a)* | 385000 | 393158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.39%, 12/14/27  | 250000 | 250175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/13/29  | 255000 | 249081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/08/32  | 325000 | 319456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/26/33 *(a)* | 300000 | 296262 |
| **KeyCorp** | **KeyCorp** | **KeyCorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/06/27  | 245000 | 239733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/30/28  | 250000 | 248260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 10/01/29  | 320000 | 299162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 04/04/31 *(a)(b)* | 125000 | 126186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 06/01/33 *(a)(b)* | 150000 | 146816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 03/06/35 *(a)(b)* | 295000 | 313252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 01/28/37 *(a)(b)* | 240000 | 235390 |
| **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/22/28  | 430000 | 429441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/16/28  | 490000 | 490784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 11/07/28 *(a)(b)* | 595000 | 586837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 11/26/28 *(a)(b)* | 420000 | 423902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 03/06/29 *(a)(b)* | 305000 | 312549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 06/13/29 *(a)(b)* | 370000 | 372335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 02/10/30 *(a)(b)* | 400000 | 395836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 06/05/30 *(a)(b)* | 400000 | 413180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 11/04/31 *(a)(b)* | 400000 | 394576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 08/11/33 *(a)(b)* | 280000 | 278866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 11/15/33 *(a)(b)* | 305000 | 347892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/05/35 *(a)(b)* | 705000 | 724698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 11/26/35 *(a)(b)* | 230000 | 234142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.07%, 06/13/36 *(a)(b)* | 440000 | 447511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 11/04/36 *(a)(b)* | 400000 | 386364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/01/45  | 305000 | 279493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 12/14/46 *(a)(b)* | 360000 | 259794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 02/10/47 *(a)(b)* | 400000 | 389228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 01/09/48  | 445000 | 358585 |
| **M&T Bank Corp.** | **M&T Bank Corp.** | **M&T Bank Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/16/28 *(a)(b)* | 125000 | 124968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.41%, 10/30/29 *(a)(b)* | 330000 | 352602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 07/08/31 *(a)(b)* | 220000 | 222330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.08%, 03/13/32 *(a)(b)* | 260000 | 272579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 01/27/34 *(a)(b)* | 385000 | 380191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/30/35 *(a)(b)* | 240000 | 239450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 01/16/36 *(a)(b)* | 275000 | 273155 |

---

**12**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Manufacturers & Traders Trust Co.** | **Manufacturers & Traders Trust Co.** | **Manufacturers & Traders Trust Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 08/17/27  | 270000 | 266180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/27/28 *(a)* | 460000 | 462558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.76%, 07/06/28 *(a)(b)* | 250000 | 250760 |
| **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.29%, 07/25/27  | 490000 | 484502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 03/02/28  | 435000 | 431920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 04/19/28 *(a)(b)* | 250000 | 249063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 07/20/28 *(a)(b)* | 400000 | 402788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/11/28  | 75000 | 74519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 09/13/28 *(a)(b)* | 500000 | 506330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 02/22/29 *(a)(b)* | 395000 | 401296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.74%, 03/07/29  | 550000 | 541189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 04/19/29 *(a)(b)* | 250000 | 253808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 07/18/29  | 520000 | 498805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.56%, 02/25/30  | 450000 | 417019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 04/17/30 *(a)(b)* | 250000 | 254463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 07/17/30  | 415000 | 373840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/16/31 *(a)(b)* | 350000 | 355887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 02/22/31 *(a)(b)* | 200000 | 205464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 04/24/31 *(a)(b)* | 300000 | 304563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.53%, 09/12/31 *(a)(b)* | 300000 | 297087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.51%, 01/14/32 *(a)(b)* | 360000 | 354946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.31%, 07/20/32 *(a)(b)* | 530000 | 467211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.49%, 10/13/32 *(a)(b)* | 330000 | 291984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 01/19/33 *(a)(b)* | 350000 | 313289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 04/19/33 *(a)(b)* | 280000 | 270732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/20/33 *(a)(b)* | 425000 | 428532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 09/13/33 *(a)(b)* | 200000 | 205606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 02/22/34 *(a)(b)* | 250000 | 256173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 04/19/34 *(a)(b)* | 290000 | 296908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 04/17/35 *(a)(b)* | 585000 | 594594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 01/16/36 *(a)(b)* | 330000 | 337719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 04/24/36 *(a)(b)* | 460000 | 471528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 09/12/36 *(a)(b)* | 300000 | 298230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 01/14/37 *(a)(b)* | 470000 | 461695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.29%, 07/26/38  | 175000 | 161749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/07/39  | 185000 | 166609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/18/39  | 585000 | 494220 |
| **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.17%, 09/11/27  | 485000 | 477356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 03/05/28  | 390000 | 387843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 05/27/29 *(a)(b)* | 395000 | 404911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 07/06/29 *(a)(b)* | 510000 | 524015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/11/29 *(a)(b)* | 440000 | 437325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 05/26/30 *(a)(b)* | 330000 | 337263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 07/10/30 *(a)(b)* | 300000 | 306771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 07/16/30 *(a)(b)* | 425000 | 405760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 09/13/30 *(a)(b)* | 200000 | 188662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/13/31 *(a)(b)* | 200000 | 202494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.59%, 05/25/31 *(a)(b)* | 265000 | 243538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 07/08/31 *(a)(b)* | 200000 | 199726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 07/10/31 *(a)(b)* | 630000 | 567636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.98%, 09/08/31 *(a)(b)* | 375000 | 333120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.56%, 09/13/31  | 515000 | 454189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.26%, 07/09/32 *(a)(b)* | 285000 | 250455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 09/13/33 *(a)(b)* | 270000 | 280535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/27/34 *(a)(b)* | 200000 | 207710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/06/34 *(a)(b)* | 390000 | 405358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 05/26/35 *(a)(b)* | 305000 | 313406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 07/10/35 *(a)(b)* | 300000 | 308520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 05/13/36 *(a)(b)* | 300000 | 303744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 07/08/36 *(a)(b)* | 200000 | 200954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/12/37 *(a)(b)* | 200000 | 196614 |
| **Morgan Stanley** | **Morgan Stanley** | **Morgan Stanley** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/23/27  | 780000 | 775445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/13/28 *(a)(b)* | 520000 | 526011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 04/20/28 *(a)(b)* | 675000 | 673218 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 07/22/28 *(a)(b)* | 850000 | 840080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 10/18/28 *(a)(b)* | 730000 | 749294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 01/24/29 *(a)(b)* | 905000 | 893651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 02/01/29 *(a)(b)* | 650000 | 657423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 04/12/29 *(a)(b)* | 620000 | 625791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 04/20/29 *(a)(b)* | 900000 | 910521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/20/29 *(a)(b)* | 750000 | 763980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/18/29 *(a)(b)* | 500000 | 494420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.41%, 11/01/29 *(a)(b)* | 620000 | 646995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 01/09/30 *(a)(b)* | 805000 | 796910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 01/16/30 *(a)(b)* | 685000 | 694850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 01/23/30 *(a)(b)* | 955000 | 950406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 04/18/30 *(a)(b)* | 785000 | 807843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 07/19/30 *(a)(b)* | 685000 | 693316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/18/30 *(a)(b)* | 875000 | 874615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 01/15/31 *(a)(b)* | 750000 | 762105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 01/22/31 *(a)(b)* | 1030000 | 957230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.62%, 04/01/31 *(a)(b)* | 905000 | 867895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 04/17/31 *(a)(b)* | 810000 | 822847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.36%, 10/22/31 *(a)(b)* | 750000 | 735742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 01/16/32 *(a)(b)* | 1195000 | 1176406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.79%, 02/13/32 *(a)(b)* | 900000 | 780597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 03/12/32 *(a)(b)* | 1000000 | 993340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 04/01/32  | 345000 | 390499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.93%, 04/28/32 *(a)(b)* | 845000 | 732514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.24%, 07/21/32 *(a)(b)* | 1110000 | 972249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.51%, 10/20/32 *(a)(b)* | 785000 | 693767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.94%, 01/21/33 *(a)(b)* | 810000 | 728425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 07/20/33 *(a)(b)* | 660000 | 657228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 10/18/33 *(a)(b)* | 950000 | 1016975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/21/34 *(a)(b)* | 1005000 | 1009372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 07/21/34 *(a)(b)* | 780000 | 791606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 11/01/34 *(a)(b)* | 650000 | 707349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 01/18/35 *(a)(b)* | 780000 | 793081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 04/19/35 *(a)(b)* | 950000 | 986451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 07/19/35 *(a)(b)* | 1025000 | 1027614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 01/18/36 *(a)(b)* | 900000 | 918378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 04/17/36 *(a)(b)* | 900000 | 921699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.48%, 09/16/36 *(a)(b)* | 930000 | 800302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 10/22/36 *(a)(b)* | 1000000 | 967090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 01/30/37 *(a)(b)* | 1250000 | 1224850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/20/37 *(a)(b)* | 815000 | 813158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 01/19/38 *(a)(b)* | 410000 | 420496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 07/22/38 *(a)(b)* | 810000 | 707260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 02/07/39 *(a)(b)* | 450000 | 460174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 04/22/39 *(a)(b)* | 465000 | 426730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 01/18/41 *(a)(b)* | 470000 | 453602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.22%, 04/22/42 *(a)(b)* | 790000 | 595715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 07/24/42  | 650000 | 696839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/27/45  | 770000 | 636266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/22/47  | 720000 | 592704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/13/47 *(a)(b)* | 750000 | 747367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/24/51 *(a)(b)* | 660000 | 640497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 01/25/52 *(a)(b)* | 670000 | 409156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 11/19/55 *(a)(b)* | 980000 | 929020 |
| **Morgan Stanley Bank NA** | **Morgan Stanley Bank NA** | **Morgan Stanley Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/26/28 *(a)(b)* | 770000 | 778986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 07/14/28 *(a)(b)* | 465000 | 467967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 01/12/29 *(a)(b)* | 640000 | 647078 |
| **Morgan Stanley Private Bank NA** | **Morgan Stanley Private Bank NA** | **Morgan Stanley Private Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 07/06/28 *(a)(b)* | 630000 | 630296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/17/28 *(a)(b)* | 765000 | 762506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 02/08/30 *(a)(b)* | 950000 | 940357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 07/18/31 *(a)(b)* | 890000 | 887757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 11/19/31 *(a)(b)* | 920000 | 906531 |
| **National Australia Bank Ltd.** | **National Australia Bank Ltd.** | **National Australia Bank Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.91%, 06/09/27  | 555000 | 553679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/26/27  | 250000 | 251465 |

---

**13**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 01/12/28  | 380000 | 385495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.31%, 06/13/28  | 255000 | 255752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/13/28  | 480000 | 487502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 12/13/28  | 250000 | 248028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 01/10/29  | 355000 | 361166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/14/30  | 250000 | 255168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.53%, 06/13/30  | 250000 | 251810 |
| **National Bank of Canada** | **National Bank of Canada** | **National Bank of Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 12/18/28  | 300000 | 309192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.17%, 01/20/29 *(a)(b)* | 390000 | 387898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/10/29  | 310000 | 310400 |
| **NatWest Group PLC** | **NatWest Group PLC** | **NatWest Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.07%, 05/22/28 *(a)(b)* | 410000 | 403506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 09/30/28 *(a)(b)* | 410000 | 416158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 05/18/29 *(a)(b)* | 535000 | 538815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 09/13/29 *(a)(b)* | 445000 | 458168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 01/27/30 *(a)(b)* | 635000 | 642156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/08/30 *(a)(b)* | 475000 | 472207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 08/15/30 *(a)(b)* | 250000 | 252450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 05/23/31 *(a)(b)* | 250000 | 252598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 03/02/34 *(a)(b)* | 335000 | 352856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.48%, 06/01/34 *(a)(b)* | 300000 | 311289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 03/01/35 *(a)(b)* | 425000 | 439399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 11/28/35 *(a)(b)* | 370000 | 337181 |
| **Northern Trust Corp.** | **Northern Trust Corp.** | **Northern Trust Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/10/27 *(a)* | 310000 | 309743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 08/03/28 *(a)* | 210000 | 208421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/03/29 *(a)* | 165000 | 159875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 05/01/30 *(a)* | 360000 | 327888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 11/19/30  | 150000 | 148889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 05/08/32 *(a)(b)* | 165000 | 162758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/02/32 *(a)* | 320000 | 342320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 11/19/40 *(a)(b)* | 230000 | 224360 |
| **Old National Bancorp** | **Old National Bancorp** | **Old National Bancorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.77%, 02/15/36 *(a)(b)* | 140000 | 139544 |
| **Pinnacle Bank/Nashville TN** | **Pinnacle Bank/Nashville TN** | **Pinnacle Bank/Nashville TN** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/15/28 *(a)* | 250000 | 252910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.96%, 01/15/36 *(a)(b)* | 250000 | 248035 |
| **PNC Bank NA** | **PNC Bank NA** | **PNC Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 10/25/27 *(a)* | 395000 | 388648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/22/28 *(a)* | 300000 | 295608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 07/21/28 *(a)(b)* | 290000 | 289974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 07/26/28  | 400000 | 396464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 10/22/29  | 370000 | 348018 |
| **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/19/27 *(a)* | 230000 | 227304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/02/28 *(a)(b)* | 380000 | 386110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 01/26/29 *(a)(b)* | 380000 | 378054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/23/29 *(a)* | 450000 | 439974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 06/12/29 *(a)(b)* | 680000 | 697034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 01/22/30 *(a)* | 600000 | 559890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 05/14/30 *(a)(b)* | 365000 | 375465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 01/29/31 *(a)(b)* | 300000 | 306021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/13/31 *(a)(b)* | 250000 | 251543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.31%, 04/23/32 *(a)(b)* | 310000 | 276424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 10/21/32 *(a)(b)* | 570000 | 568558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/06/33 *(a)(b)* | 305000 | 296457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.04%, 10/28/33 *(a)(b)* | 460000 | 486666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 01/24/34 *(a)(b)* | 505000 | 506055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 08/18/34 *(a)(b)* | 335000 | 351311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 10/20/34 *(a)(b)* | 765000 | 845210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/22/35 *(a)(b)* | 425000 | 437622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/23/35 *(a)(b)* | 500000 | 506150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 01/29/36 *(a)(b)* | 500000 | 511145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 07/21/36 *(a)(b)* | 565000 | 569576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 01/25/41 *(a)(b)* | 445000 | 436928 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Regions Bank** | **Regions Bank** | **Regions Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 06/26/37  | 250000 | 263618 |
| **Regions Financial Corp.** | **Regions Financial Corp.** | **Regions Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 08/12/28 *(a)* | 215000 | 201945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 06/06/30 *(a)(b)* | 200000 | 205390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/06/35 *(a)(b)* | 310000 | 310617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 12/10/37  | 150000 | 170160 |
| **Royal Bank of Canada** | **Royal Bank of Canada** | **Royal Bank of Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/04/27  | 400000 | 397676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 08/03/27  | 375000 | 375071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/01/27  | 460000 | 472185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/12/28  | 240000 | 242738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/01/28  | 325000 | 331419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.52%, 10/18/28 *(a)(b)* | 280000 | 280328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/03/28 *(a)(b)* | 225000 | 223531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 01/24/29 *(a)(b)* | 600000 | 605892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/01/29  | 295000 | 300195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/06/29 *(a)(b)* | 350000 | 350277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 08/02/30 *(a)(b)* | 400000 | 405340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/18/30 *(a)(b)* | 640000 | 641734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/04/31 *(a)(b)* | 500000 | 508050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 05/02/31 *(a)(b)* | 285000 | 288420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 08/06/31 *(a)(b)* | 330000 | 329825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/03/31  | 450000 | 401868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.31%, 11/03/31 *(a)(b)* | 250000 | 245968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/04/32  | 405000 | 389229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/33  | 545000 | 550412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/02/33  | 300000 | 302871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/01/34  | 445000 | 455409 |
| **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/13/27 *(a)* | 310000 | 309451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/09/29 *(a)(b)* | 330000 | 340468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 03/20/29 *(a)(b)* | 250000 | 253485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.57%, 06/12/29 *(a)(b)* | 165000 | 170821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.17%, 01/09/30 *(a)(b)* | 455000 | 470124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 09/06/30 *(a)(b)* | 325000 | 328692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 03/20/31 *(a)(b)* | 50000 | 51297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.66%, 11/09/31 *(a)(b)* | 200000 | 220372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 05/31/35 *(a)(b)(c)* | 225000 | 235593 |
| **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 11/03/28 *(a)(b)* | 410000 | 404871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.53%, 01/10/29 *(a)(b)* | 400000 | 412688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 09/22/29 *(a)(b)* | 400000 | 396412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 09/11/30 *(a)(b)* | 310000 | 310564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.69%, 04/15/31 *(a)(b)* | 400000 | 411396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/15/32 *(a)(b)* | 270000 | 245101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 09/22/36 *(a)(b)* | 290000 | 280027 |
| **Simmons First National Corp.** | **Simmons First National Corp.** | **Simmons First National Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/01/35 *(a)(b)* | 175000 | 175303 |
| **Southstate Bank Corp.** | **Southstate Bank Corp.** | **Southstate Bank Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/13/35 *(a)(b)* | 170000 | 177625 |
| **State Street Bank & Trust Co.** | **State Street Bank & Trust Co.** | **State Street Bank & Trust Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 11/23/29  | 370000 | 375639 |
| **State Street Corp.** | **State Street Corp.** | **State Street Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 10/22/27 *(a)* | 425000 | 426466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 02/28/28 *(a)* | 545000 | 549038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 11/04/28 *(a)(b)* | 185000 | 189157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.53%, 02/20/29 *(a)(b)* | 325000 | 326905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 11/21/29 *(a)(b)* | 305000 | 315638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.14%, 12/03/29 *(a)(b)* | 210000 | 209204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 01/24/30  | 305000 | 285831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 02/28/30 *(a)* | 50000 | 50625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.83%, 04/24/30 *(a)* | 305000 | 309956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 03/03/31  | 330000 | 295373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 03/30/31 *(a)(b)* | 115000 | 109615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.62%, 02/07/33 *(a)(b)* | 195000 | 173827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 05/13/33 *(a)(b)* | 210000 | 206226 |

---

**14**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.16%, 08/04/33 *(a)(b)* | 250000 | 241453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 01/26/34 *(a)(b)* | 415000 | 413440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 05/18/34 *(a)(b)* | 240000 | 243331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 11/01/34 *(a)(b)* | 325000 | 306443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 11/21/34 *(a)(b)* | 150000 | 158703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/28/36 *(a)(b)* | 335000 | 336313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 10/23/36 *(a)(b)* | 220000 | 214027 |
| **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.36%, 07/12/27  | 600000 | 593694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 01/13/28  | 550000 | 560972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 01/17/28  | 375000 | 369840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 07/13/28  | 300000 | 309141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 09/14/28  | 395000 | 406313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 09/17/28  | 430000 | 404501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.31%, 10/16/28  | 250000 | 249263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 01/15/29  | 250000 | 247600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 07/09/29  | 450000 | 459963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.04%, 07/16/29  | 840000 | 800058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 09/27/29  | 330000 | 310289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 01/13/30  | 535000 | 554570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/15/30  | 520000 | 485794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 04/15/30  | 200000 | 204278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 07/08/30  | 510000 | 459082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.14%, 09/23/30  | 300000 | 268446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 07/08/31 *(a)(b)* | 200000 | 198996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 07/09/31  | 340000 | 348765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.22%, 09/17/31  | 385000 | 336948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 01/15/32 *(a)(b)* | 475000 | 467951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.77%, 01/13/33  | 600000 | 625218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/08/33 *(a)(b)* | 290000 | 289234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 09/14/33  | 455000 | 475907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.56%, 07/09/34  | 425000 | 436211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/15/35  | 320000 | 330371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/08/36 *(a)(b)* | 270000 | 270764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 01/15/37 *(a)(b)* | 380000 | 373650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 01/12/41  | 230000 | 156669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 03/03/41 *(a)(b)* | 400000 | 386972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.93%, 09/17/41  | 360000 | 256568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 01/14/42  | 180000 | 134014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 07/13/43  | 305000 | 321427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.84%, 07/09/44  | 200000 | 198578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 07/08/46 *(a)(b)* | 360000 | 350327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 01/15/47 *(a)(b)* | 320000 | 309542 |
| **Synchrony Financial** | **Synchrony Financial** | **Synchrony Financial** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/01/27 *(a)* | 410000 | 405375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/19/29 *(a)* | 330000 | 331040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 07/29/29 *(a)(b)* | 150000 | 149837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 08/02/30 *(a)(b)* | 165000 | 167927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/06/31 *(a)(b)* | 265000 | 264897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/28/31 *(a)* | 395000 | 344819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/29/36 *(a)(b)* | 170000 | 167861 |
| **Toronto-Dominion Bank** | **Toronto-Dominion Bank** | **Toronto-Dominion Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 04/05/27  | 200000 | 201520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 06/08/27  | 75000 | 74856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 09/15/27  | 575000 | 578289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 01/10/28  | 450000 | 455908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.91%, 01/13/28  | 310000 | 307889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 01/31/28  | 205000 | 206710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 06/02/28  | 250000 | 250938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 07/17/28  | 425000 | 435616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 10/13/28  | 300000 | 298362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 04/05/29  | 460000 | 467286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 12/17/29  | 250000 | 253095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 06/03/30  | 410000 | 413739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.41%, 01/13/31  | 280000 | 277883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 09/10/31  | 325000 | 286887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/12/32  | 425000 | 376193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/30/32  | 210000 | 216084 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/10/32  | 510000 | 469562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 06/08/32  | 710000 | 699740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/10/34 *(a)(b)* | 410000 | 411173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 10/15/35  | 435000 | 427857 |
| **Truist Bank** | **Truist Bank** | **Truist Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 07/24/28 *(a)(b)* | 450000 | 450108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.14%, 01/27/29 *(a)(b)* | 390000 | 388202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.14%, 10/23/29 *(a)(b)* | 385000 | 381454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/11/30 *(a)* | 585000 | 532122 |
| **Truist Financial Corp.** | **Truist Financial Corp.** | **Truist Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 08/03/27 *(a)* | 300000 | 287733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 06/06/28 *(a)(b)* | 300000 | 298866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 01/26/29 *(a)(b)* | 400000 | 402848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/19/29 *(a)* | 205000 | 201790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.89%, 06/07/29 *(a)(b)* | 375000 | 355013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.16%, 10/30/29 *(a)(b)* | 470000 | 499652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 01/24/30 *(a)(b)* | 450000 | 460525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 06/05/30 *(a)* | 300000 | 271209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 05/20/31 *(a)(b)* | 350000 | 354092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/27/32 *(a)(b)* | 390000 | 385932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/05/32 *(a)(b)* | 300000 | 304266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 07/28/33 *(a)(b)* | 375000 | 367778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 10/28/33 *(a)(b)* | 200000 | 211798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 01/26/34 *(a)(b)* | 450000 | 448636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 06/08/34 *(a)(b)* | 575000 | 598926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 01/24/35 *(a)(b)* | 630000 | 649807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 10/23/36 *(a)(b)* | 350000 | 339280 |
| **U.S. Bancorp** | **U.S. Bancorp** | **U.S. Bancorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 04/27/27 *(a)* | 400000 | 395572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/26/28 *(a)* | 445000 | 442192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/22/28 *(a)(b)* | 610000 | 610769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 02/01/29 *(a)(b)* | 400000 | 401692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 06/12/29 *(a)(b)* | 550000 | 565818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/30/29 *(a)* | 335000 | 319935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/23/30 *(a)(b)* | 465000 | 476020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 07/22/30 *(a)* | 560000 | 492442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/23/30 *(a)(b)* | 505000 | 514039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/12/31 *(a)(b)* | 320000 | 324774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 05/15/31 *(a)(b)* | 270000 | 273902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 01/26/32 *(a)(b)* | 590000 | 584259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.68%, 01/27/33 *(a)(b)* | 250000 | 222655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 07/22/33 *(a)(b)* | 420000 | 415939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 10/21/33 *(a)(b)* | 440000 | 462889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 02/01/34 *(a)(b)* | 630000 | 623517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.84%, 06/12/34 *(a)(b)* | 555000 | 580047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/23/35 *(a)(b)* | 590000 | 610001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 02/12/36 *(a)(b)* | 390000 | 398623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.49%, 11/03/36 *(a)(b)* | 455000 | 393297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 01/26/37 *(a)(b)* | 310000 | 306131 |
| **U.S. Bank NA** | **U.S. Bank NA** | **U.S. Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 05/15/28 *(a)(b)* | 285000 | 286134 |
| **UBS AG** | **UBS AG** | **UBS AG** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/09/27  | 250000 | 252478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/15/28  | 250000 | 264758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/11/28  | 570000 | 588194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/16/29 *(a)(b)* | 400000 | 399528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/16/32 *(a)(b)* | 400000 | 398720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/26/48  | 310000 | 259396 |
| **UBS Americas, Inc.** | **UBS Americas, Inc.** | **UBS Americas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 07/15/32  | 340000 | 380117 |
| **UBS Group AG** | **UBS Group AG** | **UBS Group AG** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/15/45  | 620000 | 550101 |
| **Wachovia Corp.** | **Wachovia Corp.** | **Wachovia Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/01/35  | 280000 | 282713 |
| **Webster Financial Corp.** | **Webster Financial Corp.** | **Webster Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/25/29 *(a)* | 190000 | 186324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 09/11/35 *(a)(b)* | 185000 | 187853 |

---

**15**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Wells Fargo & Co.** | **Wells Fargo & Co.** | **Wells Fargo & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/22/27  | 810000 | 808825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 04/22/28 *(a)(b)* | 910000 | 921875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.58%, 05/22/28 *(a)(b)* | 970000 | 960707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.39%, 06/02/28 *(a)(b)* | 970000 | 946885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 07/25/28 *(a)(b)* | 900000 | 903942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/24/29 *(a)* | 750000 | 745867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 04/23/29 *(a)(b)* | 770000 | 776915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 07/25/29 *(a)(b)* | 1370000 | 1401359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 09/15/29 *(a)(b)* | 440000 | 435323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 10/23/29 *(a)(b)* | 825000 | 859683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 11/15/29  | 275000 | 304967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 01/23/30 *(a)(b)* | 630000 | 624557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/23/30 *(a)(b)* | 950000 | 965770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/30/30 *(a)(b)* | 1085000 | 1024099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 01/24/31 *(a)(b)* | 1000000 | 1019440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57%, 02/11/31 *(a)(b)* | 860000 | 796222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 04/04/31 *(a)(b)* | 850000 | 843803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/23/31 *(a)(b)* | 1205000 | 1225750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 03/02/33 *(a)(b)* | 1250000 | 1147300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/25/33 *(a)(b)* | 1375000 | 1369252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 04/24/34 *(a)(b)* | 1185000 | 1203154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.56%, 07/25/34 *(a)(b)* | 1330000 | 1363436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.49%, 10/23/34 *(a)(b)* | 1055000 | 1141499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/23/35 *(a)(b)* | 1040000 | 1059406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/07/35  | 235000 | 241604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 12/03/35 *(a)(b)* | 860000 | 857437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 04/23/36 *(a)(b)* | 1025000 | 1049333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 09/15/36 *(a)(b)* | 605000 | 588834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 01/23/37 *(a)(b)* | 1090000 | 1062172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.07%, 04/30/41 *(a)(b)* | 1100000 | 826485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/02/43  | 550000 | 515284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 01/15/44  | 605000 | 578689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/04/44  | 615000 | 516698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/01/45  | 625000 | 487869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/17/45  | 625000 | 537962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/14/46  | 665000 | 532419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/07/46  | 525000 | 441173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 01/23/47 *(a)(b)* | 695000 | 658700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.01%, 04/04/51 *(a)(b)* | 1640000 | 1452105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.61%, 04/25/53 *(a)(b)* | 1060000 | 880065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/01/86  | 185000 | 191109 |
| **Wells Fargo Bank NA** | **Wells Fargo Bank NA** | **Wells Fargo Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/26/36  | 300000 | 312507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 02/01/37  | 375000 | 386722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 01/15/38  | 310000 | 339317 |
| **Western Alliance Bank** | **Western Alliance Bank** | **Western Alliance Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.54%, 11/15/35 *(a)(b)* | 270000 | 264522 |
| **Westpac Banking Corp.** | **Westpac Banking Corp.** | **Westpac Banking Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.04%, 08/26/27  | 325000 | 324847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 11/18/27  | 350000 | 357354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/25/28  | 440000 | 435028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 11/17/28  | 350000 | 362051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 11/20/28  | 275000 | 259941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/16/29  | 245000 | 250836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/16/30  | 270000 | 254556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 07/01/30  | 125000 | 125023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 06/03/31  | 375000 | 336360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 08/10/33 *(a)(b)* | 250000 | 253698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.82%, 11/17/33  | 280000 | 306373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 07/24/34 *(a)(b)* | 405000 | 395065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 11/15/35 *(a)(b)* | 480000 | 431194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 11/20/35 *(a)(b)* | 470000 | 475819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.02%, 11/18/36 *(a)(b)* | 350000 | 313142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 07/24/39  | 330000 | 296013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 11/16/40  | 255000 | 188963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/18/41  | 475000 | 348793 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Wintrust Financial Corp.** | **Wintrust Financial Corp.** | **Wintrust Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/06/29  | 210000 | 205886 |
| **Zions Bancorp NA** | **Zions Bancorp NA** | **Zions Bancorp NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/29/29 *(a)* | 375000 | 347715 |
|  |  | **512866122** |
| ***Brokerage/Asset Managers/Exchanges 0.4%***  | ***Brokerage/Asset Managers/Exchanges 0.4%***  | ***Brokerage/Asset Managers/Exchanges 0.4%***  |
| **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/15/30 *(a)* | 195000 | 183286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/20/34 *(a)* | 140000 | 139297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/36 *(a)* | 130000 | 128111 |
| **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 12/15/28 *(a)* | 175000 | 181022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/33 *(a)* | 345000 | 351614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/15/35 *(a)* | 200000 | 199798 |
| **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/15/31 *(a)* | 150000 | 149058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/15/33 *(a)* | 185000 | 196394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/12/35 *(a)* | 225000 | 218263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 05/21/54 *(a)* | 260000 | 242372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/15/54 *(a)(b)* | 170000 | 159219 |
| **ARES Management Corp.** | **ARES Management Corp.** | **ARES Management Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/10/28 *(a)* | 365000 | 379994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 10/11/54 *(a)* | 100000 | 88517 |
| **BGC Group, Inc.** | **BGC Group, Inc.** | **BGC Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 05/25/28 *(a)* | 75000 | 79092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 06/10/29 *(a)* | 170000 | 175301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 04/02/30 *(a)* | 200000 | 203598 |
| **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/26/27 *(a)* | 225000 | 226692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/14/34 *(a)* | 305000 | 309673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/08/35 *(a)* | 175000 | 176251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/14/54 *(a)* | 480000 | 447974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/08/55 *(a)* | 395000 | 374954 |
| **BlackRock, Inc.** | **BlackRock, Inc.** | **BlackRock, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/30/29 *(a)* | 400000 | 389596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 04/30/30 *(a)* | 430000 | 400235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 01/28/31 *(a)* | 510000 | 455114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 02/25/32 *(a)* | 280000 | 244992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/25/33 *(a)* | 375000 | 377831 |
| **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/03/30 *(a)* | 200000 | 197168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/06/34 *(a)* | 225000 | 220792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/36 *(a)* | 150000 | 145175 |
| **Blue Owl Finance LLC** | **Blue Owl Finance LLC** | **Blue Owl Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 06/10/31 *(a)* | 175000 | 151114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/32 *(a)* | 150000 | 134613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/18/34 *(a)* | 305000 | 294813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/07/51 *(a)(c)* | 170000 | 112601 |
| **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/15/30 *(a)* | 180000 | 178468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/24/35 *(a)* | 225000 | 229198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/15/36 *(a)* | 120000 | 117234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.08%, 09/15/55 *(a)* | 230000 | 228102 |
| **Brookfield Capital Finance LLC** | **Brookfield Capital Finance LLC** | **Brookfield Capital Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 06/14/33 *(a)* | 195000 | 204060 |
| **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** | **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** | **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.34%, 01/30/32 *(a)* | 180000 | 155756 |
| **Brookfield Finance LLC/Brookfield Finance, Inc.** | **Brookfield Finance LLC/Brookfield Finance, Inc.** | **Brookfield Finance LLC/Brookfield Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/15/50 *(a)* | 205000 | 135204 |
| **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 01/25/28 *(a)* | 345000 | 341215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/29/29 *(a)* | 340000 | 341931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/15/30 *(a)* | 250000 | 246385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 04/15/31 *(a)* | 150000 | 136358 |

---

**16**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 01/05/34 *(a)* | 200000 | 212320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/15/35 *(a)* | 200000 | 202024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 01/15/36 *(a)* | 255000 | 249811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/20/47 *(a)* | 290000 | 241932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/30/51 *(a)* | 255000 | 170666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/15/52 *(a)* | 175000 | 119177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.97%, 03/04/54 *(a)* | 330000 | 320192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 03/03/55 *(a)* | 145000 | 137583 |
| **Carlyle Group, Inc.** | **Carlyle Group, Inc.** | **Carlyle Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/19/35 *(a)* | 230000 | 222576 |
| **Cboe Global Markets, Inc.** | **Cboe Global Markets, Inc.** | **Cboe Global Markets, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 12/15/30 *(a)* | 160000 | 140627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/16/32 *(a)* | 100000 | 91662 |
| **Charles Schwab Corp.** | **Charles Schwab Corp.** | **Charles Schwab Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 *(a)(d)* | 220000 | 218049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 01/25/28 *(a)(d)* | 190000 | 187068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/20/28 *(a)(d)* | 335000 | 321580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/29 *(a)(d)* | 150000 | 149485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 05/19/29 *(a)(b)(d)* | 325000 | 334006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/22/29 *(a)(d)* | 175000 | 170249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/01/29 *(a)(d)* | 145000 | 137569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/17/29 *(a)(b)(d)* | 350000 | 365939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/22/30 *(a)(d)* | 150000 | 152105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 03/11/31 *(a)(d)* | 220000 | 191860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/13/31 *(a)(d)* | 220000 | 198237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 11/14/31 *(a)(b)(d)* | 310000 | 306767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 12/01/31 *(a)(d)* | 225000 | 196301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/03/32 *(a)(d)* | 265000 | 240424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/19/34 *(a)(b)(d)* | 385000 | 404793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 08/24/34 *(a)(b)(d)* | 420000 | 447497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 11/14/36 *(a)(b)(d)* | 250000 | 243227 |
| **CME Group, Inc.** | **CME Group, Inc.** | **CME Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/15/28 *(a)* | 170000 | 168795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/30 *(a)* | 125000 | 125458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 03/15/32 *(a)* | 225000 | 203998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/15/43 *(a)* | 250000 | 246412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 06/15/48 *(a)* | 415000 | 341039 |
| **Eaton Vance Corp.** | **Eaton Vance Corp.** | **Eaton Vance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/06/27 *(a)* | 113000 | 112131 |
| **Franklin Resources, Inc.** | **Franklin Resources, Inc.** | **Franklin Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 10/30/30 *(a)* | 250000 | 220537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 08/12/51 *(a)* | 155000 | 96365 |
| **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 09/15/27 *(a)* | 200000 | 196760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/15/27 *(a)* | 450000 | 448371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/01/28 *(a)* | 290000 | 285763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/01/28 *(a)* | 210000 | 208213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/15/29 *(a)* | 380000 | 379483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 06/15/30 *(a)* | 380000 | 345656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/31 *(a)* | 225000 | 221956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/31 *(a)* | 445000 | 459155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 09/15/32 *(a)* | 450000 | 379746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/15/33 *(a)* | 470000 | 465869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 09/15/40 *(a)* | 385000 | 279425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/21/48 *(a)* | 375000 | 301699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/15/50 *(a)* | 390000 | 249881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/52 *(a)* | 460000 | 408393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 09/15/60 *(a)* | 580000 | 336209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/15/62 *(a)* | 335000 | 298750 |
| **Invesco Finance PLC** | **Invesco Finance PLC** | **Invesco Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/30/43  | 230000 | 218498 |
| **Janus Henderson U.S. Holdings, Inc.** | **Janus Henderson U.S. Holdings, Inc.** | **Janus Henderson U.S. Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/10/34 *(a)* | 170000 | 169595 |
| **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 06/08/27  | 200000 | 203978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/21/28 *(a)* | 165000 | 168585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/23/30  | 330000 | 318902 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 10/15/31 *(a)* | 360000 | 313646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/15/32 *(a)* | 340000 | 288062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 04/14/34 *(a)* | 450000 | 458923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/36  | 170000 | 172547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/36 *(a)* | 470000 | 450984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/20/43  | 115000 | 112099 |
| **KKR & Co., Inc.** | **KKR & Co., Inc.** | **KKR & Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/07/35 *(a)(c)* | 260000 | 251685 |
| **Lazard Group LLC** | **Lazard Group LLC** | **Lazard Group LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/19/28 *(a)* | 235000 | 234008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/11/29 *(a)* | 160000 | 158334 |
| **Legg Mason, Inc.** | **Legg Mason, Inc.** | **Legg Mason, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/15/44  | 176000 | 170470 |
| **LPL Holdings, Inc.** | **LPL Holdings, Inc.** | **LPL Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/20/27 *(a)* | 170000 | 171720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/03/28 *(a)* | 265000 | 266110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 11/17/28 *(a)* | 235000 | 246311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/30 *(a)* | 225000 | 226908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/15/30 *(a)* | 170000 | 170875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/20/34 *(a)* | 150000 | 153402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/35 *(a)* | 310000 | 307765 |
| **Marex Group PLC** | **Marex Group PLC** | **Marex Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 11/04/29 *(a)* | 260000 | 267977 |
| **Nasdaq, Inc.** | **Nasdaq, Inc.** | **Nasdaq, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/28/28 *(a)* | 250000 | 255260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/15/31 *(a)* | 250000 | 219700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/15/34 *(a)* | 380000 | 391533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 12/21/40 *(a)* | 200000 | 139224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/28/50 *(a)* | 175000 | 116617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/07/52 *(a)* | 110000 | 81115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/15/53 *(a)* | 225000 | 225430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 06/28/63 *(a)* | 240000 | 240497 |
| **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 07/06/27  | 425000 | 429322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.84%, 01/18/28  | 200000 | 204370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.07%, 07/12/28  | 200000 | 206198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.17%, 07/14/28  | 300000 | 284277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 07/06/29  | 200000 | 205614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/16/30  | 650000 | 612971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/01/30  | 200000 | 199942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.68%, 07/16/30  | 400000 | 366112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.61%, 07/14/31  | 400000 | 356760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/22/32  | 310000 | 278746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 01/18/33  | 240000 | 253622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 07/12/33  | 200000 | 210350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 07/03/34  | 345000 | 354605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 06/10/36 *(a)(b)* | 220000 | 213673 |
| **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 04/01/30 *(a)* | 225000 | 227185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/11/35 *(a)* | 190000 | 185328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/15/46  | 235000 | 208316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/51 *(a)* | 435000 | 311899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/11/55 *(a)* | 250000 | 237955 |
| **Stifel Financial Corp.** | **Stifel Financial Corp.** | **Stifel Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/30 *(a)* | 125000 | 121541 |
| **TPG Operating Group II LP** | **TPG Operating Group II LP** | **TPG Operating Group II LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/15/31 *(a)* | 150000 | 147137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/05/34 *(a)* | 210000 | 213238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/15/36 *(a)* | 150000 | 145104 |
|  |  | **36347250** |
| ***Finance Companies 0.3%***  | ***Finance Companies 0.3%***  | ***Finance Companies 0.3%***  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 04/15/27 *(a)* | 175000 | 178344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 07/21/27 *(a)* | 480000 | 475066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/27 *(a)* | 225000 | 225448 |

---

**17**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/23/28 *(a)* | 320000 | 316934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/28 *(a)* | 250000 | 251975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/06/28 *(a)* | 190000 | 194720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/29/28 *(a)* | 1050000 | 1011307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/19/29 *(a)* | 230000 | 233158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/28/29 *(a)* | 280000 | 276444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/10/29 *(a)* | 350000 | 349419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 09/30/30 *(a)* | 310000 | 326101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/30 *(a)* | 280000 | 275226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 12/15/31 *(a)* | 300000 | 304905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 01/30/32 *(a)* | 1255000 | 1141548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 *(a)* | 260000 | 252780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 10/29/33 *(a)* | 475000 | 420380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/19/34 *(a)* | 150000 | 149500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/10/34 *(a)* | 300000 | 292278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/35 *(a)* | 255000 | 246988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 10/29/41 *(a)* | 460000 | 367683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/10/55 *(a)(b)* | 200000 | 204958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/31/56 *(a)(b)* | 380000 | 380521 |
| **Air Lease Corp.** | **Air Lease Corp.** | **Air Lease Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/01/27 *(a)* | 150000 | 148683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 12/01/27 *(a)* | 209000 | 205949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 12/15/27 *(a)* | 200000 | 204134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/01/28 *(a)* | 125000 | 126433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 09/01/28 *(a)* | 200000 | 188162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/01/28 *(a)* | 200000 | 199128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/01/29 *(a)* | 250000 | 237392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/01/30 *(a)* | 300000 | 279069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 12/01/30 *(a)* | 265000 | 244057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/15/31 *(a)* | 180000 | 180405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 01/15/32 *(a)* | 300000 | 265983 |
| **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 12/08/28 *(a)(e)* | 120000 | 118571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 04/13/29 *(a)* | 355000 | 363346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 08/30/30 *(a)* | 120000 | 118186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 01/23/31 *(a)(e)* | 230000 | 224977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 07/29/31 *(a)* | 350000 | 354721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 03/15/32 *(a)* | 150000 | 150703 |
| **ARES Capital Corp.** | **ARES Capital Corp.** | **ARES Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 06/15/27 *(a)* | 160000 | 155933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 06/15/28 *(a)* | 350000 | 331296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/01/29 *(a)* | 315000 | 317366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 07/15/29 *(a)* | 260000 | 261563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/30 *(a)* | 300000 | 294780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/15/31 *(a)* | 190000 | 182803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/12/31 *(a)* | 230000 | 222573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/15/31 *(a)* | 305000 | 264487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/08/32 *(a)(c)* | 250000 | 246740 |
| **ARES Strategic Income Fund** | **ARES Strategic Income Fund** | **ARES Strategic Income Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/28 *(a)* | 325000 | 324805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/09/28 *(a)(e)* | 170000 | 168295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/15/29 *(a)(e)* | 180000 | 174605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 08/15/29 *(a)* | 225000 | 226217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/15/30 *(a)* | 235000 | 228944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/09/30 *(a)(e)* | 205000 | 199649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/15/31 *(a)(e)* | 175000 | 165293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 04/15/31 *(a)(e)* | 220000 | 211011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/21/32 *(a)* | 200000 | 196268 |
| **Bain Capital Specialty Finance, Inc.** | **Bain Capital Specialty Finance, Inc.** | **Bain Capital Specialty Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/30 *(a)* | 145000 | 140431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/01/31 *(a)* | 110000 | 105417 |
| **Barings BDC, Inc.** | **Barings BDC, Inc.** | **Barings BDC, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/28 *(a)* | 155000 | 151601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/15/29 *(a)(c)* | 85000 | 85741 |
| **Barings Private Credit Corp.** | **Barings Private Credit Corp.** | **Barings Private Credit Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/06/29 *(a)(e)* | 125000 | 122271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 06/11/30 *(a)(e)* | 110000 | 106641 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/26/27 *(a)* | 245000 | 242310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 11/27/28 *(a)* | 225000 | 230245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/29 *(a)* | 250000 | 235205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/22/29 *(a)* | 300000 | 291954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/30 *(a)* | 150000 | 143189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/10/30 *(a)* | 150000 | 141633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/25/31 *(a)* | 100000 | 98862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/12/31 *(a)* | 220000 | 209147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/29/32 *(a)* | 350000 | 339717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/22/34 *(a)* | 200000 | 187334 |
| **Blackstone Secured Lending Fund** | **Blackstone Secured Lending Fund** | **Blackstone Secured Lending Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/15/27 *(a)* | 115000 | 115514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/13/28 *(a)* | 290000 | 288303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 09/30/28 *(a)* | 245000 | 228056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/30/30 *(a)* | 250000 | 242005 |
| **Blue Owl Capital Corp.** | **Blue Owl Capital Corp.** | **Blue Owl Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/13/27 *(a)* | 220000 | 213992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 06/11/28 *(a)* | 250000 | 232522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/29 *(a)* | 300000 | 296631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 07/15/30 *(a)* | 100000 | 98710 |
| **Blue Owl Credit Income Corp.** | **Blue Owl Credit Income Corp.** | **Blue Owl Credit Income Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 09/16/27 *(a)* | 150000 | 152358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 06/13/28 *(a)* | 200000 | 205284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 01/15/29 *(a)* | 150000 | 153522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 09/15/29 *(a)* | 250000 | 249500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/30 *(a)* | 465000 | 449334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 03/15/31 *(a)* | 250000 | 246837 |
| **Blue Owl Technology Finance Corp.** | **Blue Owl Technology Finance Corp.** | **Blue Owl Technology Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/28 *(a)* | 210000 | 207793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/04/29 *(a)(c)* | 235000 | 231346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 01/23/31 *(a)* | 120000 | 113136 |
| **Capital Southwest Corp.** | **Capital Southwest Corp.** | **Capital Southwest Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/18/30 *(a)* | 175000 | 172058 |
| **Carlyle Secured Lending, Inc.** | **Carlyle Secured Lending, Inc.** | **Carlyle Secured Lending, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/18/30 *(a)* | 150000 | 148984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/31 *(a)* | 100000 | 94439 |
| **Franklin BSP Capital Corp.** | **Franklin BSP Capital Corp.** | **Franklin BSP Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 06/15/29 *(a)* | 120000 | 120764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/02/30 *(a)(e)* | 50000 | 47646 |
| **GATX Corp.** | **GATX Corp.** | **GATX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/28 *(a)* | 150000 | 147333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/07/28 *(a)* | 105000 | 105437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/01/29 *(a)* | 255000 | 255676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/30/30 *(a)* | 200000 | 194894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 06/01/31 *(a)* | 125000 | 108750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/32 *(a)* | 200000 | 184264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/15/33 *(a)* | 140000 | 142339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 03/15/34 *(a)* | 245000 | 257755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 05/01/34 *(a)* | 150000 | 164691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/44 *(a)* | 100000 | 92143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 06/01/51 *(a)* | 295000 | 185764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 06/05/54 *(a)* | 205000 | 203954 |
| **Goldman Sachs BDC, Inc.** | **Goldman Sachs BDC, Inc.** | **Goldman Sachs BDC, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/28/29 *(a)* | 120000 | 116695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/09/30 *(a)* | 180000 | 173315 |
| **Goldman Sachs Private Credit Corp.** | **Goldman Sachs Private Credit Corp.** | **Goldman Sachs Private Credit Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/23/28 *(e)* | 200000 | 197324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 05/06/28 *(a)(c)(e)* | 100000 | 99849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/31/29 *(a)(e)* | 325000 | 319624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/06/30 *(a)(e)* | 150000 | 148375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/31/31 *(a)(e)* | 150000 | 145676 |
| **Golub Capital BDC, Inc.** | **Golub Capital BDC, Inc.** | **Golub Capital BDC, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 12/05/28 *(a)* | 100000 | 102576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/15/29 *(a)* | 200000 | 199478 |

---

**18**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/15/28 *(a)(e)* | 200000 | 197438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/12/29 *(a)* | 200000 | 197046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 05/01/30 *(a)* | 150000 | 147257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/15/31 *(a)(e)* | 150000 | 143228 |
| **Hercules Capital, Inc.** | **Hercules Capital, Inc.** | **Hercules Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/10/29 *(a)* | 75000 | 73537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/16/30 *(a)* | 100000 | 98308 |
| **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/14/28 *(a)* | 200000 | 198694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/11/28 *(a)(e)* | 355000 | 346072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 01/30/29 *(a)* | 230000 | 233519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/02/29 *(a)(e)* | 110000 | 107005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 09/30/29 *(a)* | 145000 | 144955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/15/30 *(a)(e)* | 180000 | 172372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/02/31 *(a)(e)* | 145000 | 139213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/14/32 *(a)* | 200000 | 193462 |
| **Main Street Capital Corp.** | **Main Street Capital Corp.** | **Main Street Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/04/27 *(a)* | 175000 | 176713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/15/28 *(a)* | 100000 | 99523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/01/29 *(a)(c)* | 100000 | 102920 |
| **Morgan Stanley Direct Lending Fund** | **Morgan Stanley Direct Lending Fund** | **Morgan Stanley Direct Lending Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 05/17/29 *(a)* | 150000 | 151836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/19/30 *(a)* | 155000 | 152628 |
| **MSD Investment Corp.** | **MSD Investment Corp.** | **MSD Investment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/31/30 *(a)* | 150000 | 146987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/05/31 *(a)(e)* | 120000 | 116390 |
| **New Mountain Finance Corp.** | **New Mountain Finance Corp.** | **New Mountain Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 10/15/27  | 85000 | 84782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 02/01/29 *(a)* | 75000 | 74828 |
| **North Haven Private Income Fund LLC** | **North Haven Private Income Fund LLC** | **North Haven Private Income Fund LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/25/28 *(a)(e)* | 90000 | 87694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/30 *(a)* | 135000 | 129734 |
| **Nuveen Churchill Direct Lending Corp.** | **Nuveen Churchill Direct Lending Corp.** | **Nuveen Churchill Direct Lending Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 03/15/30 *(a)* | 225000 | 223864 |
| **Oaktree Specialty Lending Corp.** | **Oaktree Specialty Lending Corp.** | **Oaktree Specialty Lending Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 02/15/29 *(a)* | 60000 | 60445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 02/27/30 *(a)(c)* | 100000 | 97583 |
| **Oaktree Strategic Credit Fund** | **Oaktree Strategic Credit Fund** | **Oaktree Strategic Credit Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.40%, 11/14/28 *(a)* | 145000 | 152243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/23/29 *(a)* | 120000 | 120454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.19%, 07/15/30 *(a)* | 120000 | 117739 |
| **Sixth Street Lending Partners** | **Sixth Street Lending Partners** | **Sixth Street Lending Partners** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/11/29 *(a)* | 215000 | 218049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/30 *(a)* | 150000 | 147697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 07/15/30 *(a)* | 250000 | 249060 |
| **Sixth Street Specialty Lending, Inc.** | **Sixth Street Specialty Lending, Inc.** | **Sixth Street Specialty Lending, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 08/14/28 *(a)* | 75000 | 76798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/01/29 *(a)* | 50000 | 50444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/15/30 *(a)* | 100000 | 98245 |
| **Takeoff Merger Sub, Inc.** | **Takeoff Merger Sub, Inc.** | **Takeoff Merger Sub, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/24/28 *(e)* | 250000 | 248702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/24/29 *(a)(e)* | 400000 | 397432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/24/31 *(a)(e)* | 500000 | 494100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/24/36 *(a)(e)* | 150000 | 147769 |
|  |  | **32961319** |
| ***Financial Other 0.0%***  | ***Financial Other 0.0%***  | ***Financial Other 0.0%***  |
| **Andrew W Mellon Foundation** | **Andrew W Mellon Foundation** | **Andrew W Mellon Foundation** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.95%, 08/01/27 *(a)* | 234000 | 224830 |
| **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 01/15/31 *(a)* | 170000 | 173108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 07/01/34 *(a)* | 340000 | 342118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/15/35 *(a)* | 160000 | 164381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/15/36 *(a)* | 125000 | 121179 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **J Paul Getty Trust** | **J Paul Getty Trust** | **J Paul Getty Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 04/01/35 *(a)* | 150000 | 150808 |
| **ORIX Corp.** | **ORIX Corp.** | **ORIX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 07/18/27  | 143000 | 141799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/13/27  | 150000 | 151260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/10/29  | 200000 | 201536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/09/30  | 150000 | 148750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/09/31  | 190000 | 169022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/13/32  | 200000 | 203616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/25/35  | 150000 | 151182 |
|  |  | **2343589** |
| ***Insurance 1.1%***  | ***Insurance 1.1%***  | ***Insurance 1.1%***  |
| **ACE Capital Trust II** | **ACE Capital Trust II** | **ACE Capital Trust II** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.70%, 04/01/30  | 255000 | 299854 |
| **Aegon Ltd.** | **Aegon Ltd.** | **Aegon Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/11/48 *(a)(b)* | 285000 | 284863 |
| **Aetna, Inc.** | **Aetna, Inc.** | **Aetna, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 06/15/36  | 265000 | 286327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/15/37  | 230000 | 248793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/42 *(a)* | 135000 | 112693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/44 *(a)* | 125000 | 105039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/47 *(a)* | 150000 | 109188 |
| **Aflac, Inc.** | **Aflac, Inc.** | **Aflac, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/01/30 *(a)* | 250000 | 242702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/46 *(a)* | 150000 | 117873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/49 *(a)* | 205000 | 176571 |
| **Alleghany Corp.** | **Alleghany Corp.** | **Alleghany Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/15/30 *(a)* | 175000 | 169984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/15/44 *(a)* | 105000 | 93557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/15/51 *(a)* | 215000 | 141722 |
| **Allstate Corp.** | **Allstate Corp.** | **Allstate Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/24/29 *(a)* | 150000 | 152901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 12/15/30 *(a)* | 215000 | 186872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/30/33 *(a)* | 200000 | 204500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/01/33  | 104000 | 106960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 05/09/35  | 200000 | 206982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/36  | 175000 | 185008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/15/43  | 120000 | 102444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 12/15/46 *(a)* | 201000 | 159719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 08/10/49 *(a)* | 250000 | 186157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/15/67 *(a)(b)* | 155000 | 158553 |
| **American Financial Group, Inc.** | **American Financial Group, Inc.** | **American Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/02/30 *(a)* | 100000 | 102531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/23/35 *(a)* | 175000 | 168193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/15/47 *(a)* | 170000 | 137641 |
| **American International Group, Inc.** | **American International Group, Inc.** | **American International Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 05/07/30 *(a)* | 225000 | 227356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/30/30 *(a)* | 155000 | 147992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/27/33 *(a)* | 250000 | 252835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/15/35 *(a)* | 190000 | 174667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 05/07/35 *(a)* | 200000 | 204224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/16/44 *(a)* | 300000 | 256437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 07/10/45 *(a)* | 100000 | 88411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/01/48 *(a)* | 280000 | 243088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/48 *(a)(b)* | 50000 | 49818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/30/50 *(a)* | 300000 | 244092 |
| **American National Group, Inc.** | **American National Group, Inc.** | **American National Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/27 *(a)* | 220000 | 219065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/01/29 *(a)* | 150000 | 151817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/15/35 *(a)* | 275000 | 267979 |
| **Aon Corp.** | **Aon Corp.** | **Aon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/15/28 *(a)* | 100000 | 100420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/02/29 *(a)* | 100000 | 98238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/15/30 *(a)* | 335000 | 312521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 09/30/40  | 100000 | 106863 |

---

**19**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 05/28/27 *(a)* | 150000 | 147456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 08/23/31 *(a)* | 200000 | 174786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 12/02/31 *(a)* | 100000 | 89306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/12/32 *(a)* | 155000 | 156618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/28/33 *(a)* | 200000 | 205328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 08/23/51 *(a)* | 245000 | 149046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 02/28/52 *(a)* | 285000 | 207699 |
| **Aon Global Ltd.** | **Aon Global Ltd.** | **Aon Global Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/14/44 *(a)* | 180000 | 152851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/45 *(a)* | 230000 | 199035 |
| **Aon North America, Inc.** | **Aon North America, Inc.** | **Aon North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/01/29 *(a)* | 255000 | 260516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/01/31 *(a)* | 150000 | 153309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/01/34 *(a)* | 595000 | 608268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/54 *(a)* | 620000 | 597717 |
| **Arch Capital Finance LLC** | **Arch Capital Finance LLC** | **Arch Capital Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 12/15/46 *(a)* | 150000 | 135915 |
| **Arch Capital Group Ltd.** | **Arch Capital Group Ltd.** | **Arch Capital Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 05/01/34  | 100000 | 113352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.64%, 06/30/50 *(a)* | 395000 | 282619 |
| **Arch Capital Group U.S., Inc.** | **Arch Capital Group U.S., Inc.** | **Arch Capital Group U.S., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 11/01/43  | 175000 | 161805 |
| **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 12/15/27 *(a)* | 225000 | 225738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/15/29 *(a)* | 50000 | 50562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/32 *(a)* | 200000 | 200632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/02/33 *(a)* | 255000 | 261944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/34 *(a)* | 125000 | 135185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/15/34 *(a)* | 205000 | 208485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/35 *(a)* | 500000 | 496420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/20/51 *(a)* | 310000 | 211990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 03/09/52 *(a)* | 240000 | 148234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/02/53 *(a)* | 190000 | 182282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/15/54 *(a)* | 200000 | 216490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/15/55 *(a)* | 475000 | 443541 |
| **Aspen Insurance Holdings Ltd.** | **Aspen Insurance Holdings Ltd.** | **Aspen Insurance Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/01/30 *(a)* | 130000 | 134365 |
| **Assurant, Inc.** | **Assurant, Inc.** | **Assurant, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/27/28 *(a)* | 100000 | 100457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 02/22/30 *(a)* | 180000 | 172795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/15/32 *(a)* | 100000 | 87459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/15/36 *(a)* | 90000 | 90117 |
| **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 09/15/28 *(a)* | 155000 | 160583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 06/15/31 *(a)* | 100000 | 92709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/15/51 *(a)* | 215000 | 145441 |
| **Athene Holding Ltd.** | **Athene Holding Ltd.** | **Athene Holding Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/12/28 *(a)* | 415000 | 410128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 04/03/30 *(a)* | 125000 | 129564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/31 *(a)* | 200000 | 185840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 02/01/33 *(a)* | 125000 | 130150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/15/34 *(a)* | 200000 | 199378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/25/51 *(a)* | 150000 | 101679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 05/15/52 *(a)* | 145000 | 88554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/01/54 *(a)* | 305000 | 280649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/15/54 *(a)(b)* | 225000 | 207837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/19/55 *(a)* | 230000 | 221837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 06/28/55 *(a)(b)* | 150000 | 140252 |
| **AXA SA** | **AXA SA** | **AXA SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.60%, 12/15/30  | 325000 | 375086 |
| **AXIS Specialty Finance LLC** | **AXIS Specialty Finance LLC** | **AXIS Specialty Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 07/15/29 *(a)* | 125000 | 122771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/40 *(a)(b)* | 170000 | 162886 |
| **AXIS Specialty Finance PLC** | **AXIS Specialty Finance PLC** | **AXIS Specialty Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/06/27 *(a)* | 115000 | 114312 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 03/12/30 *(a)* | 185000 | 169756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 10/15/30 *(a)* | 345000 | 306646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 03/15/32 *(a)* | 450000 | 416781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/40  | 250000 | 267892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/15/42  | 190000 | 170061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/15/43  | 115000 | 100902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/15/48 *(a)* | 655000 | 533753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/49 *(a)* | 600000 | 492960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 10/15/50 *(a)* | 540000 | 340243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/15/51 *(a)* | 335000 | 195647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/15/52 *(a)* | 840000 | 633730 |
| **Berkshire Hathaway, Inc.** | **Berkshire Hathaway, Inc.** | **Berkshire Hathaway, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/11/43  | 50000 | 45595 |
| **Brighthouse Financial, Inc.** | **Brighthouse Financial, Inc.** | **Brighthouse Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/22/27 *(a)* | 250000 | 245222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/30 *(a)(c)* | 200000 | 199248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/22/47 *(a)* | 305000 | 207620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 12/22/51 *(a)* | 220000 | 123600 |
| **Brown & Brown, Inc.** | **Brown & Brown, Inc.** | **Brown & Brown, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/23/28 *(a)* | 150000 | 150519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/29 *(a)* | 115000 | 114517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/23/30 *(a)* | 230000 | 229867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/31 *(a)* | 200000 | 176304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/17/32 *(a)* | 185000 | 175045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/23/32 *(a)* | 150000 | 150026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/11/34 *(a)* | 100000 | 101049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 06/23/35 *(a)* | 340000 | 339765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/17/52 *(a)* | 200000 | 167328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/23/55 *(a)* | 300000 | 299754 |
| **Centene Corp.** | **Centene Corp.** | **Centene Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/15/27 *(a)* | 464000 | 456785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 07/15/28 *(a)* | 675000 | 628695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/15/29 *(a)* | 1030000 | 978325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/15/30 *(a)* | 630000 | 569715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/15/30 *(a)* | 735000 | 644220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/01/31 *(a)* | 705000 | 591333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 08/01/31 *(a)* | 400000 | 334840 |
| **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/15/29 *(a)* | 200000 | 202146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 09/15/30 *(a)* | 350000 | 306012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/34 *(a)* | 330000 | 332168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/15/35 *(a)* | 370000 | 365083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 05/15/36  | 20000 | 22500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/11/37  | 300000 | 320148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/15/38  | 120000 | 133398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/13/43  | 150000 | 126342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 11/03/45 *(a)* | 405000 | 341293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 12/15/51 *(a)* | 440000 | 273544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 12/15/61 *(a)* | 360000 | 216241 |
| **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.92%, 05/15/28  | 165000 | 173535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/01/34  | 160000 | 168427 |
| **CNA Financial Corp.** | **CNA Financial Corp.** | **CNA Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 08/15/27 *(a)* | 220000 | 217008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/01/29 *(a)* | 180000 | 176405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 08/15/30 *(a)* | 160000 | 142472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/33 *(a)* | 215000 | 218337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/35 *(a)* | 150000 | 146984 |
| **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/30/29 *(a)* | 230000 | 230458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 06/15/34 *(a)* | 150000 | 154884 |
| **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 04/05/27 *(a)* | 400000 | 396456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/05/29 *(a)* | 400000 | 390756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/05/32 *(a)* | 520000 | 488545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/34 *(a)* | 220000 | 225841 |

---

**20**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/05/42 *(a)* | 150000 | 123596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 04/05/52 *(a)* | 350000 | 272125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 12/15/52 *(a)(b)* | 360000 | 364230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 09/15/54 *(a)(b)* | 315000 | 309204 |
| **Elevance Health, Inc.** | **Elevance Health, Inc.** | **Elevance Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 12/01/27 *(a)* | 545000 | 538956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/01/28 *(a)* | 350000 | 347886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/15/28 *(a)* | 240000 | 237955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/15/29 *(a)* | 200000 | 203808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 09/15/29 *(a)* | 210000 | 199027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/30 *(a)* | 225000 | 226595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 05/15/30 *(a)* | 375000 | 341764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/15/31 *(a)* | 355000 | 320416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/01/31 *(a)* | 200000 | 201318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 05/15/32 *(a)* | 100000 | 95989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/15/32 *(a)* | 220000 | 216645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/32 *(a)* | 200000 | 206270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/33 *(a)* | 330000 | 325245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/15/34 *(a)* | 320000 | 324691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/15/34  | 280000 | 293112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/35 *(a)* | 400000 | 400040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/36 *(a)* | 315000 | 308757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 01/15/36  | 100000 | 103482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/15/37  | 65000 | 69653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/42  | 305000 | 267332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/15/43  | 305000 | 264127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/15/44  | 240000 | 218366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/15/44 *(a)* | 265000 | 227222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 12/01/47 *(a)* | 410000 | 330357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/01/48 *(a)* | 250000 | 207225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 09/15/49 *(a)* | 285000 | 203413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 05/15/50 *(a)* | 300000 | 192741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 03/15/51 *(a)* | 365000 | 253631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/15/52 *(a)* | 310000 | 250554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 10/15/52 *(a)* | 215000 | 216311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/53 *(a)* | 310000 | 272859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/15/54 *(a)* | 320000 | 302259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 02/15/55 *(a)* | 400000 | 378948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/55 *(a)* | 150000 | 143475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/01/64 *(a)* | 240000 | 229668 |
| **Enact Holdings, Inc.** | **Enact Holdings, Inc.** | **Enact Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/28/29 *(a)* | 255000 | 262553 |
| **Enstar Group Ltd.** | **Enstar Group Ltd.** | **Enstar Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/29 *(a)* | 150000 | 149537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 09/01/31 *(a)* | 185000 | 163562 |
| **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/20/28 *(a)* | 300000 | 299232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 01/11/33 *(a)* | 150000 | 153236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/20/48 *(a)* | 450000 | 389817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 03/28/55 *(a)(b)* | 150000 | 151194 |
| **Essent Group Ltd.** | **Essent Group Ltd.** | **Essent Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/01/29 *(a)* | 150000 | 155214 |
| **Everest Reinsurance Holdings, Inc.** | **Everest Reinsurance Holdings, Inc.** | **Everest Reinsurance Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 06/01/44  | 160000 | 135619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/15/50 *(a)* | 290000 | 192696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 10/15/52 *(a)* | 345000 | 208815 |
| **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.40%, 01/13/28 *(a)* | 175000 | 178500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/04/29 *(a)* | 150000 | 150765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/04/34 *(a)* | 230000 | 218348 |
| **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/17/28 *(a)* | 265000 | 266563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/29/30 *(a)* | 300000 | 298890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/16/32 *(a)* | 225000 | 231016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/07/33 *(a)* | 200000 | 209146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/20/35 *(a)* | 190000 | 194987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 03/22/54 *(a)* | 250000 | 252322 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/55 *(a)* | 255000 | 249908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/20/55 *(a)* | 130000 | 133706 |
| **Fidelity National Financial, Inc.** | **Fidelity National Financial, Inc.** | **Fidelity National Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/15/30 *(a)* | 200000 | 188260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 03/15/31 *(a)* | 200000 | 176616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 09/17/51 *(a)* | 245000 | 150077 |
| **First American Financial Corp.** | **First American Financial Corp.** | **First American Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/30 *(a)* | 175000 | 167267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 08/15/31 *(a)* | 200000 | 172470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/30/34 *(a)* | 190000 | 186669 |
| **Globe Life, Inc.** | **Globe Life, Inc.** | **Globe Life, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/15/28 *(a)* | 190000 | 189808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 08/15/30 *(a)* | 150000 | 134846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/15/32 *(a)* | 150000 | 148521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 09/15/34 *(a)* | 170000 | 175481 |
| **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/01/30 *(a)* | 165000 | 149883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/35 *(a)* | 200000 | 198960 |
| **Hartford Insurance Group, Inc.** | **Hartford Insurance Group, Inc.** | **Hartford Insurance Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 08/19/29 *(a)* | 165000 | 156385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 10/15/36  | 170000 | 179789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 10/01/41  | 150000 | 157998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 04/15/43  | 50000 | 42106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/48 *(a)* | 150000 | 124400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 08/19/49 *(a)* | 390000 | 280519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 09/15/51 *(a)* | 175000 | 108969 |
| **Horace Mann Educators Corp.** | **Horace Mann Educators Corp.** | **Horace Mann Educators Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 09/15/28 *(a)* | 140000 | 147846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 10/01/30 *(a)* | 115000 | 113462 |
| **Humana, Inc.** | **Humana, Inc.** | **Humana, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/28 *(a)* | 150000 | 152987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/01/28 *(a)* | 130000 | 133342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/23/29 *(a)* | 275000 | 267402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/15/29 *(a)* | 145000 | 138069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/30 *(a)* | 165000 | 164607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/15/31 *(a)* | 550000 | 555896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 02/03/32 *(a)(c)* | 305000 | 261211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/01/33 *(a)* | 250000 | 255410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/34 *(a)* | 250000 | 255160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 05/01/35 *(a)* | 220000 | 217776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/01/42 *(a)* | 125000 | 102954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/01/44 *(a)* | 250000 | 209667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/47 *(a)* | 150000 | 120144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/15/49 *(a)* | 150000 | 104687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/53 *(a)* | 225000 | 195489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/15/54 *(a)* | 300000 | 270342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/01/55 *(a)* | 100000 | 92762 |
| **Jackson Financial, Inc.** | **Jackson Financial, Inc.** | **Jackson Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 06/08/27 *(a)* | 145000 | 145938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/23/31 *(a)* | 225000 | 200662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 06/08/32 *(a)* | 120000 | 120713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/23/51 *(a)* | 140000 | 93121 |
| **Kemper Corp.** | **Kemper Corp.** | **Kemper Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 09/30/30 *(a)* | 245000 | 214338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/23/32 *(a)* | 105000 | 95282 |
| **Lincoln National Corp.** | **Lincoln National Corp.** | **Lincoln National Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/01/28 *(a)* | 250000 | 246937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 01/15/30 *(a)* | 195000 | 183680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/15/31 *(a)* | 150000 | 139886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/01/32 *(a)* | 75000 | 68059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/15/34 *(a)* | 100000 | 101942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/15/35 *(a)* | 150000 | 146121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 10/09/37  | 160000 | 164978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/15/40  | 150000 | 163050 |

---

**21**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Loews Corp.** | **Loews Corp.** | **Loews Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/15/30 *(a)* | 165000 | 156920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/01/35  | 110000 | 116520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/15/43 *(a)* | 150000 | 124199 |
| **Manulife Financial Corp.** | **Manulife Financial Corp.** | **Manulife Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.48%, 05/19/27 *(a)* | 130000 | 127323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/16/32 *(a)* | 205000 | 194434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 12/11/35 *(a)* | 310000 | 303462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/04/46  | 210000 | 199989 |
| **Markel Group, Inc.** | **Markel Group, Inc.** | **Markel Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/01/27 *(a)* | 165000 | 162556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 09/17/29 *(a)* | 110000 | 105499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/05/46  | 100000 | 87854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/01/47 *(a)* | 100000 | 77950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/20/49 *(a)* | 260000 | 223454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/17/50 *(a)* | 200000 | 149358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 05/07/52 *(a)* | 240000 | 158251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/16/54 *(a)* | 100000 | 97322 |
| **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/08/27 *(a)* | 300000 | 301458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/29 *(a)* | 510000 | 511000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/30 *(a)* | 325000 | 327350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 11/15/30 *(a)* | 290000 | 262325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 11/15/31 *(a)* | 300000 | 302793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 12/15/31 *(a)* | 105000 | 93406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/01/32 *(a)* | 150000 | 158294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/15/33 *(a)* | 200000 | 206582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/34 *(a)* | 150000 | 151872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/35 *(a)* | 600000 | 598584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/39 *(a)* | 205000 | 192923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/15/44 *(a)* | 75000 | 71159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/30/47 *(a)* | 200000 | 163940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/48 *(a)* | 255000 | 204411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/49 *(a)* | 375000 | 330975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/15/51 *(a)* | 195000 | 120374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/53 *(a)* | 155000 | 146525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/53 *(a)* | 300000 | 294105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/54 *(a)* | 175000 | 165158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/55 *(a)* | 500000 | 469440 |
| **MetLife, Inc.** | **MetLife, Inc.** | **MetLife, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/23/30 *(a)* | 375000 | 377490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/15/32  | 270000 | 295920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 07/15/33 *(a)* | 250000 | 258927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/15/34  | 250000 | 273125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/15/34 *(a)(c)* | 50000 | 51182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/35  | 390000 | 408806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/06/41  | 235000 | 240372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/13/42  | 290000 | 238925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/13/43  | 275000 | 246438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.72%, 12/15/44  | 285000 | 248805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/01/45  | 260000 | 209066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/13/46 *(a)* | 335000 | 289859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/52 *(a)* | 305000 | 270032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/54 *(a)* | 235000 | 216362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 03/15/55 *(a)(b)* | 250000 | 253390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/15/56 *(a)(b)* | 300000 | 294543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 12/15/66 *(a)* | 420000 | 428652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.75%, 08/01/69 *(a)(b)* | 225000 | 291224 |
| **MGIC Investment Corp.** | **MGIC Investment Corp.** | **MGIC Investment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/15/28 *(a)* | 295000 | 294711 |
| **Nationwide Financial Services, Inc.** | **Nationwide Financial Services, Inc.** | **Nationwide Financial Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 05/15/87 *(b)* | 160000 | 160459 |
| **NMI Holdings, Inc.** | **NMI Holdings, Inc.** | **NMI Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/15/29 *(a)* | 50000 | 51140 |
| **Old Republic International Corp.** | **Old Republic International Corp.** | **Old Republic International Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/28/34 *(a)* | 160000 | 163626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/11/51 *(a)* | 190000 | 133794 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **PartnerRe Finance B LLC** | **PartnerRe Finance B LLC** | **PartnerRe Finance B LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 07/02/29 *(a)* | 200000 | 194658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/50 *(a)(b)(c)* | 150000 | 143769 |
| **Primerica, Inc.** | **Primerica, Inc.** | **Primerica, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 11/19/31 *(a)* | 200000 | 179154 |
| **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/15/29 *(a)* | 170000 | 165997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 06/15/30 *(a)* | 260000 | 235196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/15/42  | 135000 | 117924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/15/43  | 195000 | 163480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/15/46 *(a)* | 175000 | 143378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/53 *(a)* | 75000 | 70119 |
| **Progressive Corp.** | **Progressive Corp.** | **Progressive Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/29 *(a)* | 205000 | 204131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 03/01/29  | 85000 | 90709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/26/30 *(a)* | 255000 | 244155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/15/32 *(a)* | 150000 | 137169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 12/01/32  | 210000 | 228906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/33 *(a)* | 50000 | 50777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/25/44  | 200000 | 168958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 01/26/45  | 150000 | 114459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/15/47 *(a)* | 350000 | 279405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/48 *(a)* | 270000 | 217058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/26/50 *(a)* | 155000 | 118268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/52 *(a)* | 125000 | 90980 |
| **Prudential Financial, Inc.** | **Prudential Financial, Inc.** | **Prudential Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/27/28 *(a)* | 142000 | 141195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 03/10/30 *(a)* | 150000 | 138192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/33  | 220000 | 233114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/14/35 *(a)* | 70000 | 70604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 12/14/36  | 110000 | 114263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 12/01/37  | 175000 | 193207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/10/40 *(a)* | 255000 | 193249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/44  | 200000 | 172878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/47 *(a)(b)* | 345000 | 336796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.91%, 12/07/47 *(a)* | 310000 | 234196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 03/27/48 *(a)* | 200000 | 163224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/48 *(a)(b)* | 415000 | 411165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.94%, 12/07/49 *(a)* | 405000 | 302490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 02/25/50 *(a)* | 300000 | 241005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 10/01/50 *(a)(b)* | 305000 | 277370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/13/51 *(a)* | 500000 | 358550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/01/52 *(a)(b)* | 350000 | 333385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/01/52 *(a)(b)* | 300000 | 300864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/01/53 *(a)(b)* | 170000 | 176169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/54 *(a)(b)* | 210000 | 214267 |
| **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/14/30  | 300000 | 285660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/24/32 *(a)* | 110000 | 104017 |
| **Radian Group, Inc.** | **Radian Group, Inc.** | **Radian Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 05/15/29 *(a)* | 230000 | 237848 |
| **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/15/29 *(a)* | 200000 | 195672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 06/15/30 *(a)* | 145000 | 135688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/15/33 *(a)* | 200000 | 208010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/15/34 *(a)* | 200000 | 203394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 09/15/55 *(a)(b)* | 205000 | 204241 |
| **RenaissanceRe Finance, Inc.** | **RenaissanceRe Finance, Inc.** | **RenaissanceRe Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 07/01/27 *(a)* | 205000 | 202946 |
| **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/15/29 *(a)* | 260000 | 252470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/01/35 *(a)* | 115000 | 117405 |
| **Selective Insurance Group, Inc.** | **Selective Insurance Group, Inc.** | **Selective Insurance Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 04/15/35 *(a)* | 50000 | 51602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/01/49 *(a)* | 100000 | 90227 |

---

**22**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **SiriusPoint Ltd.** | **SiriusPoint Ltd.** | **SiriusPoint Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/05/29 *(a)* | 165000 | 172323 |
| **Stewart Information Services Corp.** | **Stewart Information Services Corp.** | **Stewart Information Services Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 11/15/31 *(a)* | 190000 | 168289 |
| **Transatlantic Holdings, Inc.** | **Transatlantic Holdings, Inc.** | **Transatlantic Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/30/39  | 121000 | 146313 |
| **Travelers Cos., Inc.** | **Travelers Cos., Inc.** | **Travelers Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/24/35 *(a)* | 100000 | 100253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/20/36  | 50000 | 56497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/15/37  | 285000 | 311465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/01/40  | 250000 | 247885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 08/01/43  | 240000 | 212486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/25/45 *(a)* | 115000 | 95294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/46 *(a)* | 225000 | 172206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/30/47 *(a)* | 240000 | 188042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/07/48 *(a)* | 200000 | 158272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/04/49 *(a)* | 200000 | 158478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 04/27/50 *(a)* | 225000 | 133065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 06/08/51 *(a)* | 275000 | 177226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 05/25/53 *(a)* | 225000 | 215568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 07/24/55 *(a)* | 135000 | 134158 |
| **Travelers Property Casualty Corp.** | **Travelers Property Casualty Corp.** | **Travelers Property Casualty Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/15/33  | 185000 | 205703 |
| **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/15/27  | 230000 | 227935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/15/27 *(a)* | 200000 | 200672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/15/27 *(a)* | 125000 | 124283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 10/15/27  | 365000 | 358576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/28 *(a)* | 325000 | 330736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/15/28  | 350000 | 347536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/15/28 *(a)* | 200000 | 200640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/15/28  | 250000 | 247577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/29 *(a)* | 365000 | 364661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/15/29 *(a)* | 130000 | 131271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/29 *(a)* | 300000 | 296907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 08/15/29  | 340000 | 324255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/15/30 *(a)* | 400000 | 404736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/15/30 *(a)* | 400000 | 411736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/15/30  | 400000 | 362524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/15/31 *(a)* | 235000 | 236213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/15/31 *(a)* | 300000 | 304554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/15/31 *(a)* | 425000 | 381365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/32 *(a)* | 425000 | 429751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/15/32 *(a)* | 480000 | 468269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/15/33 *(a)* | 580000 | 595619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/33 *(a)* | 530000 | 518139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/34 *(a)* | 395000 | 395604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 07/15/34 *(a)* | 580000 | 585481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/35 *(a)* | 290000 | 295948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/15/35  | 310000 | 300306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/36  | 275000 | 287713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/15/37  | 175000 | 191450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 11/15/37  | 250000 | 276197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 02/15/38  | 325000 | 366671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/15/39 *(a)* | 455000 | 369428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/15/40 *(a)* | 300000 | 218109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/15/40 *(a)* | 85000 | 85915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/15/41 *(a)* | 125000 | 128923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 05/15/41 *(a)* | 445000 | 330417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/41 *(a)* | 173000 | 154543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/42 *(a)* | 175000 | 151114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 10/15/42 *(a)* | 185000 | 149917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/43 *(a)* | 250000 | 209175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/15/44 *(a)* | 450000 | 434614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/45  | 630000 | 550091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 01/15/47 *(a)* | 220000 | 175804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/15/47 *(a)* | 265000 | 213041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/15/47 *(a)* | 485000 | 360098 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/15/48 *(a)* | 550000 | 438251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 12/15/48 *(a)* | 350000 | 286146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/15/49 *(a)* | 365000 | 263636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 05/15/50 *(a)* | 470000 | 293313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/51 *(a)* | 585000 | 385632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/52 *(a)* | 585000 | 492588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/15/53 *(a)* | 600000 | 592926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/15/53 *(a)* | 585000 | 515730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/15/54 *(a)* | 530000 | 488098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/15/54 *(a)* | 815000 | 776752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/15/55 *(a)* | 245000 | 246935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/59 *(a)* | 440000 | 307164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 05/15/60 *(a)* | 420000 | 250383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/15/62 *(a)* | 300000 | 252249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 02/15/63 *(a)* | 575000 | 575575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/15/63 *(a)* | 555000 | 483744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/64 *(a)* | 345000 | 316120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/64 *(a)* | 565000 | 539072 |
| **Unum Group** | **Unum Group** | **Unum Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/29 *(a)* | 195000 | 191387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/15/35 *(a)* | 130000 | 127108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/15/42  | 150000 | 146373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/15/49 *(a)* | 150000 | 118370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/15/51 *(a)* | 185000 | 136360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/54 *(a)* | 110000 | 104403 |
| **Voya Financial, Inc.** | **Voya Financial, Inc.** | **Voya Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 07/15/43  | 175000 | 167169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/15/46  | 100000 | 85120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/23/48 *(a)(b)* | 195000 | 185143 |
| **W.R. Berkley Corp.** | **W.R. Berkley Corp.** | **W.R. Berkley Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/01/44  | 100000 | 88132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/12/50 *(a)* | 150000 | 113603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/30/52 *(a)* | 150000 | 103184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 09/30/61 *(a)* | 125000 | 73241 |
| **Willis North America, Inc.** | **Willis North America, Inc.** | **Willis North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/15/27 *(a)* | 225000 | 225439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/28 *(a)* | 150000 | 149897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/15/29 *(a)* | 260000 | 246264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/31 *(a)* | 220000 | 217171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 05/15/33 *(a)* | 250000 | 253045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/36 *(a)* | 90000 | 87862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/15/48 *(a)* | 160000 | 139171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/15/49 *(a)* | 255000 | 184630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/05/54 *(a)* | 180000 | 175248 |
| **XL Group Ltd.** | **XL Group Ltd.** | **XL Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/15/43  | 185000 | 171486 |
|  |  | **108774759** |
| ***REITs 0.6%***  | ***REITs 0.6%***  | ***REITs 0.6%***  |
| **Agree LP** | **Agree LP** | **Agree LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 10/01/30 *(a)* | 130000 | 120257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/01/32 *(a)* | 100000 | 98997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 06/15/33 *(a)* | 100000 | 84850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 06/15/34 *(a)* | 235000 | 240125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/15/35 *(a)* | 150000 | 154126 |
| **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/15/28 *(a)* | 150000 | 148547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/30/29 *(a)* | 160000 | 159182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 12/15/29 *(a)* | 200000 | 186730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 07/01/30 *(a)* | 120000 | 119458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/15/30 *(a)* | 250000 | 250850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/15/31 *(a)* | 280000 | 258404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/18/32 *(a)* | 240000 | 201084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/01/33 *(a)* | 350000 | 283717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/15/34 *(a)* | 300000 | 253686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/35 *(a)* | 150000 | 142080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/01/35 *(a)* | 160000 | 159582 |

---

**23**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/36 *(a)* | 200000 | 195180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/36 *(a)* | 125000 | 121764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/15/49 *(a)* | 100000 | 83745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/50 *(a)* | 75000 | 55351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/15/52 *(a)* | 150000 | 102251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/15/53 *(a)* | 150000 | 130536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/54 *(a)* | 180000 | 167863 |
| **American Assets Trust LP** | **American Assets Trust LP** | **American Assets Trust LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/01/31 *(a)* | 95000 | 85715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 10/01/34 *(a)* | 150000 | 148850 |
| **American Homes 4 Rent LP** | **American Homes 4 Rent LP** | **American Homes 4 Rent LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/28 *(a)* | 225000 | 223949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/15/29 *(a)* | 135000 | 135861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/30 *(a)* | 200000 | 200716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 07/15/31 *(a)* | 390000 | 343668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/15/32 *(a)* | 150000 | 138765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/01/34 *(a)* | 155000 | 156542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 07/15/51 *(a)* | 215000 | 140644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 04/15/52 *(a)* | 125000 | 95890 |
| **Americold Realty Operating Partnership LP** | **Americold Realty Operating Partnership LP** | **Americold Realty Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 09/12/34 *(a)* | 265000 | 252511 |
| **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 05/15/27 *(a)* | 200000 | 198232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 01/15/28 *(a)* | 150000 | 147263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 12/01/28 *(a)* | 150000 | 141027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/01/29 *(a)* | 230000 | 222842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/01/30 *(a)* | 250000 | 230837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 12/01/30 *(a)* | 120000 | 118788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/15/31 *(a)* | 200000 | 182008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 01/15/32 *(a)* | 210000 | 182566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/07/33 *(a)* | 185000 | 190015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/01/34 *(a)* | 100000 | 102576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/35 *(a)* | 120000 | 119254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 10/15/46 *(a)* | 105000 | 81479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/15/48 *(a)* | 205000 | 168420 |
| **Boston Properties LP** | **Boston Properties LP** | **Boston Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/01/27 *(a)* | 175000 | 181006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/01/28 *(a)* | 325000 | 323476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/21/29 *(a)* | 350000 | 335681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/15/30 *(a)* | 265000 | 245846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/30/31 *(a)* | 383000 | 353670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 04/01/32 *(a)* | 350000 | 301017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 10/01/33 *(a)* | 290000 | 234479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/15/34 *(a)* | 100000 | 104840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/35 *(a)* | 250000 | 248722 |
| **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/15/29 *(a)* | 280000 | 276391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 07/01/30 *(a)* | 225000 | 218981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 08/16/31 *(a)* | 225000 | 200194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/32 *(a)* | 125000 | 125945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/15/33 *(a)* | 120000 | 118034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/34 *(a)* | 170000 | 172740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/35 *(a)* | 100000 | 102927 |
| **Broadstone Net Lease LLC** | **Broadstone Net Lease LLC** | **Broadstone Net Lease LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 09/15/31 *(a)* | 125000 | 109676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/32 *(a)* | 100000 | 98646 |
| **Camden Property Trust** | **Camden Property Trust** | **Camden Property Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 10/15/28 *(a)* | 265000 | 263773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 07/01/29 *(a)* | 116000 | 111249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/15/30 *(a)* | 250000 | 233585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/34 *(a)* | 100000 | 99383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 11/01/49 *(a)* | 130000 | 88963 |
| **COPT Defense Properties LP** | **COPT Defense Properties LP** | **COPT Defense Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 01/15/29 *(a)* | 225000 | 210157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/30 *(a)* | 120000 | 118420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/15/31 *(a)* | 150000 | 135654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/01/33 *(a)* | 160000 | 135389 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Cousins Properties LP** | **Cousins Properties LP** | **Cousins Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/30 *(a)* | 235000 | 238140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/32 *(a)* | 5000 | 5034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/01/34 *(a)* | 200000 | 203004 |
| **CubeSmart LP** | **CubeSmart LP** | **CubeSmart LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 12/15/28 *(a)* | 100000 | 94419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/29 *(a)* | 118000 | 117286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/30 *(a)* | 175000 | 164934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 02/15/31 *(a)* | 275000 | 241615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/01/35 *(a)* | 130000 | 128198 |
| **Digital Realty Trust LP** | **Digital Realty Trust LP** | **Digital Realty Trust LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/15/27 *(a)* | 370000 | 366185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 01/15/28 *(a)* | 300000 | 305430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 07/15/28 *(a)* | 50000 | 49898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 07/01/29 *(a)* | 375000 | 364436 |
| **DOC Dr. LLC** | **DOC Dr. LLC** | **DOC Dr. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/15/28 *(a)* | 105000 | 103956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 11/01/31 *(a)* | 255000 | 226366 |
| **EPR Properties** | **EPR Properties** | **EPR Properties** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/27 *(a)* | 225000 | 224143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/15/28 *(a)* | 175000 | 174942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/29 *(a)* | 210000 | 201340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/30 *(a)* | 170000 | 165979 |
| **ERP Operating LP** | **ERP Operating LP** | **ERP Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/01/27 *(a)* | 275000 | 271254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/28 *(a)* | 200000 | 197100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/01/28 *(a)* | 180000 | 179309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/01/29 *(a)* | 250000 | 239397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/30 *(a)* | 155000 | 144472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/32 *(a)* | 150000 | 151145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/15/34 *(a)* | 150000 | 146360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/44 *(a)* | 225000 | 194947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/45 *(a)* | 245000 | 209473 |
| **Essential Properties LP** | **Essential Properties LP** | **Essential Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 07/15/31 *(a)* | 215000 | 193988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 12/01/35 *(a)* | 120000 | 118224 |
| **Essex Portfolio LP** | **Essex Portfolio LP** | **Essex Portfolio LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/01/27 *(a)* | 180000 | 178479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 03/01/28 *(a)* | 100000 | 94939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/29 *(a)* | 270000 | 265810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 *(a)* | 150000 | 141330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/15/31 *(a)* | 150000 | 129948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 03/15/32 *(a)* | 250000 | 219937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/34 *(a)* | 75000 | 75941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/01/35 *(a)* | 75000 | 75684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/36 *(a)* | 160000 | 153915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/48 *(a)* | 114000 | 93430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 09/01/50 *(a)* | 100000 | 58467 |
| **Extra Space Storage LP** | **Extra Space Storage LP** | **Extra Space Storage LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/15/27 *(a)* | 200000 | 198180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 04/01/28 *(a)* | 250000 | 255350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/01/29 *(a)* | 200000 | 196156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/29 *(a)* | 150000 | 147660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/30 *(a)* | 275000 | 282271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 10/15/30 *(a)* | 325000 | 291255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 01/15/31 *(a)* | 55000 | 57484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 06/01/31 *(a)* | 150000 | 134066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 03/15/32 *(a)* | 200000 | 171678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/33 *(a)* | 240000 | 236914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/01/34 *(a)* | 230000 | 231888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/15/35 *(a)* | 150000 | 150549 |
| **Federal Realty OP LP** | **Federal Realty OP LP** | **Federal Realty OP LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 07/15/27 *(a)* | 200000 | 197112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 05/01/28 *(a)* | 145000 | 147411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 06/15/29 *(a)* | 215000 | 207114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/01/44 *(a)* | 200000 | 170774 |

---

**24**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **First Industrial LP** | **First Industrial LP** | **First Industrial LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/31 *(a)* | 150000 | 151650 |
| **Healthcare Realty Holdings LP** | **Healthcare Realty Holdings LP** | **Healthcare Realty Holdings LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/01/27 *(a)* | 255000 | 252685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 02/15/30 *(a)* | 405000 | 381267 |
| **Healthpeak OP LLC** | **Healthpeak OP LLC** | **Healthpeak OP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/15/29 *(a)* | 260000 | 251472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 *(a)* | 300000 | 282447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 01/15/31 *(a)* | 100000 | 91880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/15/32 *(a)* | 200000 | 201418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 *(a)* | 150000 | 146774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/35 *(a)* | 50000 | 50175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/01/41 *(a)* | 145000 | 156770 |
| **Highwoods Realty LP** | **Highwoods Realty LP** | **Highwoods Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/28 *(a)* | 120000 | 118333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/29 *(a)* | 200000 | 194688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 02/15/30 *(a)* | 35000 | 32311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 02/01/31 *(a)* | 160000 | 141741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/33 *(a)* | 110000 | 107633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.65%, 02/01/34 *(a)* | 105000 | 116300 |
| **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/15/28 *(a)* | 120000 | 118687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/15/29 *(a)* | 200000 | 190142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/15/30 *(a)* | 320000 | 300941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/32 *(a)* | 150000 | 153894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 07/01/34 *(a)* | 175000 | 177102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/35 *(a)* | 275000 | 272935 |
| **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/15/28 *(a)* | 150000 | 141206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/15/30 *(a)* | 150000 | 152254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/15/31 *(a)* | 225000 | 192994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/15/32 *(a)* | 200000 | 188082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/33 *(a)* | 180000 | 175826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/33 *(a)* | 30000 | 30049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 01/15/34 *(a)* | 250000 | 208757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/01/35 *(a)* | 100000 | 95532 |
| **Kilroy Realty LP** | **Kilroy Realty LP** | **Kilroy Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/15/28 *(a)* | 115000 | 114181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/15/29 *(a)* | 100000 | 96708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 02/15/30 *(a)* | 150000 | 137021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 11/15/32 *(a)* | 240000 | 195770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 11/15/33 *(a)* | 150000 | 119325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/15/35 *(a)* | 120000 | 115902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/36 *(a)* | 150000 | 148494 |
| **Kimco Realty OP LLC** | **Kimco Realty OP LLC** | **Kimco Realty OP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 03/01/28 *(a)* | 250000 | 239357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 10/01/30 *(a)* | 150000 | 139455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 12/01/31 *(a)* | 150000 | 132120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 04/01/32 *(a)* | 150000 | 137664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/01/33 *(a)* | 200000 | 197032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 03/01/34 *(a)* | 185000 | 200427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/35 *(a)* | 100000 | 98178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/01/36 *(a)* | 140000 | 141100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/45 *(a)* | 190000 | 157113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/01/46 *(a)* | 90000 | 72116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/01/47 *(a)* | 300000 | 249210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 10/01/49 *(a)* | 150000 | 108129 |
| **Kite Realty Group LP** | **Kite Realty Group LP** | **Kite Realty Group LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/15/31 *(a)* | 35000 | 34880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/32 *(a)* | 90000 | 90435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/34 *(a)* | 100000 | 100935 |
| **Kite Realty Group Trust** | **Kite Realty Group Trust** | **Kite Realty Group Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/15/30 *(a)* | 150000 | 150159 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/01/30 *(a)* | 125000 | 125315 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Lineage OP LP** | **Lineage OP LP** | **Lineage OP LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/30 *(a)* | 175000 | 174807 |
| **LXP Industrial Trust** | **LXP Industrial Trust** | **LXP Industrial Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 09/15/30 *(a)* | 260000 | 237315 |
| **Mid-America Apartments LP** | **Mid-America Apartments LP** | **Mid-America Apartments LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 06/01/27 *(a)* | 180000 | 178735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/15/28 *(a)* | 225000 | 224705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/15/29 *(a)* | 50000 | 49459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 03/15/30 *(a)* | 200000 | 187502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 02/15/31 *(a)* | 160000 | 139413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/15/32 *(a)(c)* | 80000 | 82350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/15/33 *(a)* | 120000 | 118121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/34 *(a)* | 80000 | 79600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/01/35 *(a)* | 150000 | 148347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 09/15/51 *(a)* | 200000 | 123876 |
| **National Health Investors, Inc.** | **National Health Investors, Inc.** | **National Health Investors, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/01/31 *(a)* | 200000 | 180222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/01/33 *(a)* | 100000 | 98328 |
| **NNN REIT, Inc.** | **NNN REIT, Inc.** | **NNN REIT, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/15/27 *(a)* | 135000 | 133470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 10/15/28 *(a)* | 150000 | 149562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/15/30 *(a)* | 225000 | 207207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 10/15/33 *(a)* | 150000 | 154389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/34 *(a)* | 200000 | 203244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/15/48 *(a)* | 135000 | 116909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 04/15/50 *(a)* | 95000 | 60699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/15/51 *(a)* | 205000 | 142297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 04/15/52 *(a)* | 135000 | 83113 |
| **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/27 *(a)* | 200000 | 199700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 *(a)* | 143000 | 143103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/01/29 *(a)* | 340000 | 326767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/01/30 *(a)* | 170000 | 170921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/01/31 *(a)* | 225000 | 208165 |
| **Phillips Edison Grocery Center Operating Partnership I LP** | **Phillips Edison Grocery Center Operating Partnership I LP** | **Phillips Edison Grocery Center Operating Partnership I LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 11/15/31 *(a)* | 100000 | 88701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/15/32 *(a)* | 150000 | 150842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/35 *(a)* | 150000 | 145323 |
| **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 07/15/29 *(a)* | 125000 | 130878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/30 *(a)* | 145000 | 130512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/01/32 *(a)* | 105000 | 88284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/15/33 *(a)* | 170000 | 165305 |
| **Prologis LP** | **Prologis LP** | **Prologis LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 04/15/27 *(a)* | 100000 | 98005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/15/27 *(a)* | 100000 | 98666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/15/28 *(a)* | 360000 | 364374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/15/28 *(a)* | 130000 | 128755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/01/29 *(a)* | 100000 | 100124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 11/15/29 *(a)* | 275000 | 260950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/15/30 *(a)* | 350000 | 322385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 07/01/30 *(a)* | 100000 | 89338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 10/15/30 *(a)* | 255000 | 221564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/31 *(a)* | 5000 | 5052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/01/31 *(a)* | 110000 | 96681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 03/15/31 *(a)* | 195000 | 170473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/15/32 *(a)* | 150000 | 131820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/33 *(a)* | 245000 | 242511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/33 *(a)* | 235000 | 233259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/15/34 *(a)* | 200000 | 202302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/34 *(a)* | 150000 | 150345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/31/35 *(a)* | 220000 | 219320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/35 *(a)* | 235000 | 239002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 09/15/48 *(a)* | 145000 | 119931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 03/01/50 *(a)* | 235000 | 153598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 04/15/50 *(a)* | 350000 | 226229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 10/15/50 *(a)* | 230000 | 121840 |

---

**25**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/53 *(a)* | 295000 | 275686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/54 *(a)* | 300000 | 280173 |
| **Public Storage Operating Co.** | **Public Storage Operating Co.** | **Public Storage Operating Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.09%, 09/15/27 *(a)* | 250000 | 246520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 05/01/28 *(a)* | 25000 | 23840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 11/09/28 *(a)* | 150000 | 141680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/15/29 *(a)(c)* | 255000 | 261102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.39%, 05/01/29 *(a)* | 175000 | 170765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 07/01/30 *(a)* | 125000 | 124903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/01/31 *(a)* | 290000 | 260640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 11/09/31 *(a)* | 210000 | 186228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/01/33 *(a)* | 300000 | 306660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 08/01/53 *(a)* | 230000 | 217240 |
| **Realty Income Corp.** | **Realty Income Corp.** | **Realty Income Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/15/27 *(a)* | 275000 | 273630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/15/28 *(a)* | 160000 | 157378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 01/15/28 *(a)* | 200000 | 197812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 06/15/28 *(a)* | 265000 | 253078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/15/28 *(a)* | 50000 | 50371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/29 *(a)* | 150000 | 151448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/15/29 *(a)* | 170000 | 163849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/15/29 *(a)* | 140000 | 138345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 12/15/29 *(a)* | 300000 | 286056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/15/30 *(a)* | 250000 | 239985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/30 *(a)* | 200000 | 202466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/31 *(a)* | 395000 | 371817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 02/15/31 *(a)* | 305000 | 285980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 10/13/32 *(a)* | 295000 | 307909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 12/15/32 *(a)* | 300000 | 266244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/15/33 *(a)* | 200000 | 199692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/34 *(a)* | 220000 | 221822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/47 *(a)* | 235000 | 202100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 09/01/54 *(a)* | 150000 | 142398 |
| **Regency Centers LP** | **Regency Centers LP** | **Regency Centers LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/28 *(a)* | 165000 | 164596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/15/29 *(a)* | 210000 | 200161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/15/30 *(a)* | 150000 | 145397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/34 *(a)* | 125000 | 126461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/15/35 *(a)* | 75000 | 74806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/01/47 *(a)* | 175000 | 145460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/49 *(a)* | 110000 | 93107 |
| **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 12/01/30 *(a)* | 175000 | 155120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 09/01/31 *(a)* | 200000 | 173682 |
| **Sabra Health Care LP** | **Sabra Health Care LP** | **Sabra Health Care LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 10/15/29 *(a)* | 130000 | 126304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 12/01/31 *(a)* | 250000 | 225922 |
| **Safehold GL Holdings LLC** | **Safehold GL Holdings LLC** | **Safehold GL Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/15/31 *(a)* | 145000 | 131499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 01/15/32 *(a)* | 210000 | 187862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 04/01/34 *(a)(c)* | 170000 | 179015 |
| **Simon Property Group LP** | **Simon Property Group LP** | **Simon Property Group LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 06/15/27 *(a)* | 250000 | 247482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/01/27 *(a)* | 175000 | 172646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/01/28 *(a)* | 300000 | 287151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 09/13/29 *(a)* | 440000 | 412540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 07/15/30 *(a)* | 200000 | 185964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/01/30 *(a)* | 210000 | 208895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/15/31 *(a)* | 250000 | 246750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 02/01/31 *(a)* | 200000 | 179404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/15/32 *(a)* | 125000 | 109304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 02/01/32 *(a)* | 250000 | 222950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/08/33 *(a)* | 200000 | 207444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/34 *(a)* | 160000 | 172102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/26/34 *(a)* | 245000 | 239911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/01/35 *(a)* | 240000 | 240607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/01/40 *(a)* | 195000 | 219400 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/42 *(a)* | 200000 | 181756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/01/44 *(a)* | 195000 | 160218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/30/46 *(a)* | 175000 | 142000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 09/13/49 *(a)* | 465000 | 311676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 07/15/50 *(a)* | 225000 | 166113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/08/53 *(a)* | 190000 | 189563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 01/15/54 *(a)* | 200000 | 219072 |
| **Store Capital LLC** | **Store Capital LLC** | **Store Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 *(a)* | 110000 | 109461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/15/29 *(a)* | 100000 | 99029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/30/30 *(a)* | 140000 | 140892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/18/30 *(a)* | 145000 | 130845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 12/01/31 *(a)* | 150000 | 130793 |
| **Sun Communities Operating LP** | **Sun Communities Operating LP** | **Sun Communities Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/01/28 *(a)* | 150000 | 142026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 07/15/31 *(a)* | 300000 | 268743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/32 *(a)* | 175000 | 166813 |
| **Tanger Properties LP** | **Tanger Properties LP** | **Tanger Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/15/27 *(a)* | 150000 | 148806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/01/31 *(a)* | 140000 | 125160 |
| **UDR, Inc.** | **UDR, Inc.** | **UDR, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/28 *(a)* | 145000 | 142745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/26/29 *(a)* | 205000 | 204590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 01/15/30 *(a)* | 150000 | 143126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/15/31 *(a)* | 285000 | 261297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 08/01/32 *(a)* | 100000 | 84682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 03/15/33 *(a)* | 150000 | 122907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/01/34 *(a)* | 205000 | 203768 |
| **Ventas Realty LP** | **Ventas Realty LP** | **Ventas Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/01/27 *(a)* | 125000 | 124255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/28 *(a)* | 200000 | 198066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/29 *(a)* | 250000 | 248782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 *(a)* | 170000 | 160334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/30 *(a)* | 200000 | 200562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/01/31 *(a)* | 50000 | 44532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/15/32 *(a)* | 100000 | 100562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/01/34 *(a)* | 150000 | 153879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 *(a)* | 135000 | 132675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/36 *(a)* | 265000 | 259178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/30/43 *(a)* | 150000 | 147822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/01/45 *(a)* | 130000 | 107814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/15/49 *(a)* | 85000 | 73126 |
| **Welltower OP LLC** | **Welltower OP LLC** | **Welltower OP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/15/28 *(a)* | 265000 | 264889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/29 *(a)* | 300000 | 298473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/15/30 *(a)* | 150000 | 142773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/30 *(a)* | 275000 | 275003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/15/31 *(a)* | 265000 | 243940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/01/31 *(a)* | 275000 | 251971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/15/32 *(a)* | 90000 | 80963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/15/32 *(a)* | 200000 | 190768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/01/35 *(a)* | 200000 | 200494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/41 *(a)* | 260000 | 284989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/01/48 *(a)* | 250000 | 225237 |
| **WP Carey, Inc.** | **WP Carey, Inc.** | **WP Carey, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 07/15/29 *(a)* | 115000 | 112337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/15/30 *(a)* | 120000 | 119298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 02/01/31 *(a)* | 260000 | 232666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/01/32 *(a)* | 140000 | 122151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/01/33 *(a)* | 225000 | 186676 |
|  |  | **61726064** |
|  |  | **755019103** |

---

**26**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Industrial 13.6%** | **Industrial 13.6%** | **Industrial 13.6%** |
| ***Basic Industry 0.6%***  | ***Basic Industry 0.6%***  | ***Basic Industry 0.6%***  |
| **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 05/15/27 *(a)* | 300000 | 292956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/11/28 *(a)* | 245000 | 245867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/08/29 *(a)* | 290000 | 293091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 05/15/30 *(a)* | 165000 | 150457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/08/31 *(a)* | 100000 | 101444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/11/32 *(a)* | 160000 | 162267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/03/33 *(a)* | 160000 | 161419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/08/34 *(a)* | 345000 | 345476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 05/15/40 *(a)* | 225000 | 165733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/15/50 *(a)* | 300000 | 186129 |
| **Albemarle Corp.** | **Albemarle Corp.** | **Albemarle Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/01/32 *(a)* | 195000 | 195831 |
| **AngloGold Ashanti Holdings PLC** | **AngloGold Ashanti Holdings PLC** | **AngloGold Ashanti Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/01/28 *(a)* | 295000 | 286398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/01/30 *(a)* | 310000 | 298077 |
| **ArcelorMittal SA** | **ArcelorMittal SA** | **ArcelorMittal SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 11/29/27 *(a)* | 325000 | 334974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 07/16/29  | 250000 | 249115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 11/29/32 *(a)* | 325000 | 359102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/17/34 *(a)* | 100000 | 105462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/15/39  | 215000 | 234354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/01/41 *(f)* | 125000 | 133115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 06/17/54 *(a)(c)* | 125000 | 127743 |
| **Barrick Mining Corp.** | **Barrick Mining Corp.** | **Barrick Mining Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/42  | 25000 | 24140 |
| **Barrick North America Finance LLC** | **Barrick North America Finance LLC** | **Barrick North America Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/30/41  | 395000 | 395616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/01/43  | 200000 | 198904 |
| **Barrick PD Australia Finance Pty. Ltd.** | **Barrick PD Australia Finance Pty. Ltd.** | **Barrick PD Australia Finance Pty. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 10/15/39  | 330000 | 339682 |
| **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/28/28 *(a)* | 335000 | 338236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/08/28 *(a)* | 270000 | 275079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/21/30 *(a)* | 325000 | 331363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/08/30 *(a)* | 370000 | 380919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/21/32 *(a)* | 200000 | 204112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/28/33 *(a)* | 300000 | 301338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/08/33 *(a)* | 400000 | 409260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/21/35 *(a)* | 385000 | 392176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/36 *(a)* | 150000 | 150144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/24/42  | 275000 | 233140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/30/43  | 770000 | 717779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/08/53 *(a)* | 240000 | 232471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/05/55 *(a)* | 310000 | 310741 |
| **Cabot Corp.** | **Cabot Corp.** | **Cabot Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/29 *(a)* | 170000 | 168045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/30/32 *(a)* | 115000 | 114947 |
| **Celulosa Arauco y Constitucion SA** | **Celulosa Arauco y Constitucion SA** | **Celulosa Arauco y Constitucion SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/02/27 *(a)* | 200000 | 197226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/02/47 *(a)* | 200000 | 174962 |
| **CF Industries, Inc.** | **CF Industries, Inc.** | **CF Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/34  | 270000 | 268647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 11/26/35 *(a)* | 310000 | 309206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/43  | 235000 | 209782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/15/44  | 250000 | 233557 |
| **Dow Chemical Co.** | **Dow Chemical Co.** | **Dow Chemical Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/30/28 *(a)* | 200000 | 200832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 11/01/29  | 229000 | 247883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 11/15/30 *(a)* | 250000 | 219983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/15/31 *(a)* | 225000 | 222327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 03/15/33 *(a)* | 190000 | 199456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/34 *(a)* | 190000 | 185280 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/01/34 *(a)* | 160000 | 145491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/35 *(a)* | 205000 | 202087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/36 *(a)* | 190000 | 188193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.40%, 05/15/39  | 150000 | 190067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/41 *(a)* | 260000 | 229159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/42 *(a)* | 450000 | 352912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/01/44 *(a)* | 160000 | 126338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/30/48 *(a)* | 280000 | 241746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/49 *(a)* | 280000 | 217426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 11/15/50 *(a)* | 360000 | 231829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 05/15/53 *(a)(c)* | 270000 | 276272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/15/54 *(a)* | 200000 | 172306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/55 *(a)* | 180000 | 162731 |
| **DuPont de Nemours, Inc.** | **DuPont de Nemours, Inc.** | **DuPont de Nemours, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 11/15/28 *(a)(e)* | 248000 | 248918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 11/15/38 *(a)* | 200000 | 196878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 11/15/48 *(a)* | 116000 | 107431 |
| **Eastman Chemical Co.** | **Eastman Chemical Co.** | **Eastman Chemical Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/01/28 *(a)* | 150000 | 150105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/29 *(a)* | 50000 | 50500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/08/33 *(a)* | 150000 | 155373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/20/34 *(a)* | 315000 | 319593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/01/42 *(a)* | 200000 | 174888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/15/44 *(a)* | 385000 | 323234 |
| **Ecolab, Inc.** | **Ecolab, Inc.** | **Ecolab, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 12/01/27 *(a)* | 350000 | 345628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/24/30 *(a)* | 75000 | 76186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 01/30/31 *(a)* | 310000 | 268196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 02/01/32 *(a)* | 305000 | 267979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/35 *(a)* | 175000 | 175553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/08/41  | 160000 | 163258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/01/47 *(a)* | 150000 | 119603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 08/15/50 *(a)* | 145000 | 78068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 12/15/51 *(a)* | 310000 | 187141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/18/55 *(a)* | 264000 | 156085 |
| **EIDP, Inc.** | **EIDP, Inc.** | **EIDP, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 07/15/30 *(a)* | 195000 | 179577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/33 *(a)* | 250000 | 247575 |
| **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/27 *(a)* | 140000 | 140076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/01/28 *(a)* | 185000 | 183718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/01/28 *(a)* | 210000 | 208786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/29 *(a)* | 150000 | 151487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/01/30 *(a)* | 190000 | 186485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/01/30 *(a)* | 200000 | 199002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 11/14/34 *(a)* | 200000 | 203100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/43 *(a)* | 525000 | 497721 |
| **Georgia-Pacific LLC** | **Georgia-Pacific LLC** | **Georgia-Pacific LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 11/15/29  | 275000 | 306284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 05/15/31  | 110000 | 131285 |
| **Gerdau Trade, Inc.** | **Gerdau Trade, Inc.** | **Gerdau Trade, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/09/35 *(a)* | 300000 | 304281 |
| **International Flavors & Fragrances, Inc.** | **International Flavors & Fragrances, Inc.** | **International Flavors & Fragrances, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/26/28 *(a)* | 100000 | 99790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/26/48 *(a)* | 250000 | 216710 |
| **International Paper Co.** | **International Paper Co.** | **International Paper Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/35 *(a)* | 225000 | 221029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 11/15/39  | 100000 | 111418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/15/41 *(a)* | 180000 | 179827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/15/44 *(a)* | 310000 | 265177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/46 *(a)* | 165000 | 145580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 08/15/47 *(a)* | 250000 | 197195 |
| **Kinross Gold Corp.** | **Kinross Gold Corp.** | **Kinross Gold Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/15/33 *(a)* | 205000 | 218708 |

---

**27**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Linde, Inc.** | **Linde, Inc.** | **Linde, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 08/10/30 *(a)* | 210000 | 183855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 11/07/42 *(a)* | 200000 | 157674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/10/50 *(a)* | 130000 | 68279 |
| **Lubrizol Corp.** | **Lubrizol Corp.** | **Lubrizol Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/01/34  | 215000 | 240796 |
| **LYB International Finance BV** | **LYB International Finance BV** | **LYB International Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/43  | 225000 | 193844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/15/44 *(a)* | 345000 | 283300 |
| **LYB International Finance III LLC** | **LYB International Finance III LLC** | **LYB International Finance III LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 10/01/30 *(a)* | 130000 | 116171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/15/31 *(a)* | 150000 | 150293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/33 *(a)* | 120000 | 121060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/34 *(a)* | 195000 | 193967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 05/15/35 *(a)* | 125000 | 128758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/15/36 *(a)* | 300000 | 301083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 10/01/40 *(a)* | 255000 | 185008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/15/49 *(a)* | 350000 | 247607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/01/50 *(a)* | 360000 | 254131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/01/51 *(a)* | 355000 | 228925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 10/01/60 *(a)* | 150000 | 92126 |
| **LyondellBasell Industries NV** | **LyondellBasell Industries NV** | **LyondellBasell Industries NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/26/55 *(a)* | 300000 | 225489 |
| **Mosaic Co.** | **Mosaic Co.** | **Mosaic Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 11/15/27 *(a)* | 250000 | 248347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/15/29 *(a)* | 150000 | 149285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/30 *(a)* | 120000 | 119093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/15/33 *(a)* | 220000 | 222449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/41 *(a)* | 110000 | 96996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 11/15/43 *(a)* | 215000 | 200404 |
| **NewMarket Corp.** | **NewMarket Corp.** | **NewMarket Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/18/31 *(a)* | 250000 | 225640 |
| **Newmont Corp.** | **Newmont Corp.** | **Newmont Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 07/15/32 *(a)* | 250000 | 226438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/15/42 *(a)* | 300000 | 278682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/09/44 *(a)* | 100000 | 96668 |
| **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/13/30 *(a)* | 245000 | 236187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/34 *(a)* | 350000 | 360496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/13/50 *(a)* | 175000 | 139428 |
| **Nucor Corp.** | **Nucor Corp.** | **Nucor Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/23/27 *(a)* | 175000 | 175329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/01/28 *(a)* | 200000 | 198762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/01/30 *(a)* | 230000 | 214714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/01/30 *(a)* | 150000 | 151391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/01/32 *(a)* | 200000 | 184380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 12/01/37  | 160000 | 176411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/01/43 *(a)* | 125000 | 119338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/01/48 *(a)* | 95000 | 78602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/01/52 *(a)* | 195000 | 145269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.98%, 12/15/55 *(a)* | 150000 | 91689 |
| **Nutrien Ltd.** | **Nutrien Ltd.** | **Nutrien Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/27/28 *(a)* | 200000 | 201798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/01/29 *(a)* | 290000 | 288005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/12/32 *(a)* | 200000 | 204472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/21/34 *(a)* | 150000 | 152640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/35 *(a)* | 300000 | 275286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 12/01/36  | 185000 | 190927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 01/15/41 *(a)* | 200000 | 209068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/01/43 *(a)* | 200000 | 178382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/45 *(a)* | 175000 | 161481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/49 *(a)* | 215000 | 189288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/13/50 *(a)* | 210000 | 156881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/27/53 *(a)* | 200000 | 196416 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Packaging Corp. of America** | **Packaging Corp. of America** | **Packaging Corp. of America** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 12/15/27 *(a)* | 200000 | 196770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/35 *(a)* | 150000 | 149112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 12/15/49 *(a)* | 235000 | 179589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 10/01/51 *(a)* | 300000 | 188781 |
| **PPG Industries, Inc.** | **PPG Industries, Inc.** | **PPG Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/15/28 *(a)* | 285000 | 282449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 08/15/29 *(a)* | 150000 | 142926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 06/15/30 *(a)* | 100000 | 92947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/31 *(a)* | 210000 | 207188 |
| **Rayonier LP** | **Rayonier LP** | **Rayonier LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/17/31 *(a)* | 240000 | 216257 |
| **Reliance, Inc.** | **Reliance, Inc.** | **Reliance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 08/15/30 *(a)* | 150000 | 134840 |
| **Rio Tinto Alcan, Inc.** | **Rio Tinto Alcan, Inc.** | **Rio Tinto Alcan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 03/15/31  | 201000 | 224664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 12/15/33  | 250000 | 268487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/01/35  | 95000 | 99343 |
| **Rio Tinto Finance USA Ltd.** | **Rio Tinto Finance USA Ltd.** | **Rio Tinto Finance USA Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 07/15/28  | 250000 | 265395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/02/40  | 350000 | 341194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/02/51 *(a)* | 350000 | 211376 |
| **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/14/28 *(a)* | 200000 | 201112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/14/30 *(a)* | 640000 | 650061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/14/32 *(a)* | 335000 | 341904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/09/33 *(a)* | 200000 | 203518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/14/35 *(a)* | 610000 | 619949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/22/42 *(a)* | 150000 | 137709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/21/42 *(a)* | 330000 | 278556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/09/53 *(a)* | 325000 | 297073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/14/55 *(a)* | 500000 | 499280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/14/65 *(a)* | 225000 | 224597 |
| **RPM International, Inc.** | **RPM International, Inc.** | **RPM International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 01/15/32 *(a)* | 210000 | 189038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/45 *(a)* | 90000 | 83709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/48 *(a)* | 215000 | 171374 |
| **Sherwin-Williams Co.** | **Sherwin-Williams Co.** | **Sherwin-Williams Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 06/01/27 *(a)* | 450000 | 445441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/01/28 *(a)* | 120000 | 120528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/15/28 *(a)* | 150000 | 149622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 08/15/29 *(a)* | 200000 | 190728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/15/30 *(a)* | 200000 | 183032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/30 *(a)* | 150000 | 149807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/01/31 *(a)* | 125000 | 126153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 03/15/32 *(a)* | 140000 | 121723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/15/35 *(a)* | 150000 | 150665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/01/45 *(a)* | 125000 | 105156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/47 *(a)* | 405000 | 337782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 08/15/49 *(a)* | 160000 | 117099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 05/15/50 *(a)* | 215000 | 143250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/15/52 *(a)(c)* | 150000 | 90927 |
| **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 04/03/34 *(a)* | 430000 | 435749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 04/03/54 *(a)* | 300000 | 290082 |
| **Smurfit Westrock Financing DAC** | **Smurfit Westrock Financing DAC** | **Smurfit Westrock Financing DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 01/15/35 *(a)* | 300000 | 302496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 01/15/36 *(a)* | 250000 | 246175 |
| **Southern Copper Corp.** | **Southern Copper Corp.** | **Southern Copper Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 07/27/35  | 375000 | 428722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/16/40  | 350000 | 379806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/08/42  | 375000 | 344737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/23/45  | 525000 | 518716 |
| **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 10/15/27 *(a)* | 300000 | 288057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/28 *(a)* | 200000 | 198194 |

---

**28**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/15/30 *(a)* | 230000 | 220073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/31 *(a)* | 150000 | 140759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 08/15/34 *(a)* | 125000 | 126180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/35 *(a)* | 130000 | 130195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/15/50 *(a)* | 185000 | 121438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/15/55 *(a)* | 100000 | 96609 |
| **Suzano Austria GmbH** | **Suzano Austria GmbH** | **Suzano Austria GmbH** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/15/28 *(a)* | 125000 | 118715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/29 *(a)* | 575000 | 588087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/30 *(a)* | 325000 | 320203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/15/31 *(a)* | 380000 | 352727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 01/15/32 *(a)* | 495000 | 434699 |
| **Suzano Netherlands BV** | **Suzano Netherlands BV** | **Suzano Netherlands BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/36 *(a)* | 300000 | 289704 |
| **Vale Overseas Ltd.** | **Vale Overseas Ltd.** | **Vale Overseas Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/08/30 *(a)* | 440000 | 418946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 06/12/33 *(a)* | 550000 | 572346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 01/17/34  | 120000 | 140369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/21/36  | 250000 | 276577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/10/39  | 300000 | 330888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 06/28/54 *(a)* | 525000 | 529882 |
| **Vale SA** | **Vale SA** | **Vale SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/11/42  | 160000 | 156696 |
| **Westlake Corp.** | **Westlake Corp.** | **Westlake Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 06/15/30 *(a)* | 220000 | 208982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/15/35 *(a)* | 180000 | 179325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 08/15/41 *(a)* | 130000 | 88737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/46 *(a)* | 210000 | 180909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/47 *(a)* | 140000 | 108459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/15/51 *(a)* | 175000 | 106558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/15/55 *(a)* | 180000 | 177917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/15/61 *(a)* | 135000 | 79129 |
| **WestRock MWV LLC** | **WestRock MWV LLC** | **WestRock MWV LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.20%, 01/15/30  | 190000 | 212975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 02/15/31  | 115000 | 130445 |
| **Weyerhaeuser Co.** | **Weyerhaeuser Co.** | **Weyerhaeuser Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 10/01/27  | 150000 | 154929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/29 *(a)* | 225000 | 220635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/30 *(a)* | 260000 | 253232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/15/32  | 185000 | 206390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/09/33 *(a)* | 135000 | 121847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/09/52 *(a)* | 125000 | 92296 |
| **WRKCo, Inc.** | **WRKCo, Inc.** | **WRKCo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/01/28 *(a)* | 250000 | 247005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/29 *(a)* | 335000 | 338323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/01/32 *(a)* | 255000 | 244917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/15/33 *(a)* | 250000 | 219760 |
| **Yamana Gold, Inc.** | **Yamana Gold, Inc.** | **Yamana Gold, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 08/15/31 *(a)(e)* | 215000 | 190952 |
|  |  | **55517896** |
| ***Capital Goods 1.3%***  | ***Capital Goods 1.3%***  | ***Capital Goods 1.3%***  |
| **3M Co.** | **3M Co.** | **3M Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/15/27 *(a)* | 300000 | 294213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/14/28 *(a)* | 300000 | 295827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/01/29 *(a)* | 250000 | 243127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 08/26/29 *(a)* | 430000 | 403392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/30 *(a)* | 25000 | 25276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 04/15/30 *(a)* | 190000 | 180088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/35 *(a)* | 25000 | 25228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/37  | 205000 | 212823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/15/44  | 225000 | 176992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 09/19/46 *(a)* | 200000 | 135054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/15/47 *(a)* | 160000 | 116442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/14/48 *(a)* | 375000 | 289087 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/26/49 *(a)* | 300000 | 200517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/15/50 *(a)* | 205000 | 148266 |
| **ABB Finance USA, Inc.** | **ABB Finance USA, Inc.** | **ABB Finance USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/03/28 *(a)* | 280000 | 278309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/08/42  | 150000 | 131637 |
| **Acuity Brands Lighting, Inc.** | **Acuity Brands Lighting, Inc.** | **Acuity Brands Lighting, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 12/15/30 *(a)* | 305000 | 270813 |
| **AGCO Corp.** | **AGCO Corp.** | **AGCO Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/21/34 *(a)* | 300000 | 307035 |
| **Allegion PLC** | **Allegion PLC** | **Allegion PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/01/29 *(a)* | 320000 | 308480 |
| **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 10/01/27 *(a)* | 100000 | 98671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 07/01/32 *(a)* | 215000 | 219693 |
| **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/28 *(a)* | 160000 | 160178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/26/33 *(a)* | 180000 | 184464 |
| **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/17/28  | 325000 | 327148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/08/29 *(a)* | 200000 | 198198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/17/30 *(a)* | 200000 | 202252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 06/19/30 *(a)* | 150000 | 138309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.69%, 05/25/31 *(a)* | 380000 | 342802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/17/35 *(a)* | 200000 | 202646 |
| **Amphenol Corp.** | **Amphenol Corp.** | **Amphenol Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/05/27 *(a)* | 225000 | 226710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/15/27  | 225000 | 223778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/12/28 *(a)* | 260000 | 260775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/15/28 *(a)* | 200000 | 198470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/05/29 *(a)* | 150000 | 153198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/01/29 *(a)* | 140000 | 140377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 02/15/30 *(a)* | 385000 | 362893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/30 *(a)* | 200000 | 197210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 09/15/31 *(a)* | 270000 | 239590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/15/33 *(a)* | 350000 | 341978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/05/34 *(a)* | 330000 | 337547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 *(a)* | 225000 | 225083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/36 *(a)* | 500000 | 483690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/15/54 *(a)* | 195000 | 186767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 11/15/55 *(a)* | 400000 | 375988 |
| **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/07/27  | 200000 | 200604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/07/28 *(a)* | 225000 | 226323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/07/30 *(a)* | 285000 | 288283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/07/35 *(a)* | 260000 | 264761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 07/15/36  | 160000 | 182451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/22/46 *(a)* | 150000 | 130161 |
| **AptarGroup, Inc.** | **AptarGroup, Inc.** | **AptarGroup, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/30/31 *(a)* | 180000 | 178830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 03/15/32 *(a)* | 170000 | 157950 |
| **Avery Dennison Corp.** | **Avery Dennison Corp.** | **Avery Dennison Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 04/30/30 *(a)* | 225000 | 208024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 02/15/32 *(a)* | 155000 | 134838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/33 *(a)* | 210000 | 218986 |
| **Berry Global, Inc.** | **Berry Global, Inc.** | **Berry Global, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/28 *(a)* | 130000 | 132530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 06/15/31 *(a)* | 310000 | 321327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/15/34 *(a)* | 210000 | 214853 |
| **Boeing Co.** | **Boeing Co.** | **Boeing Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 05/01/27 *(a)* | 550000 | 552981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.26%, 05/01/27 *(a)* | 320000 | 325507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/01/28 *(a)* | 335000 | 328390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/01/28 *(a)* | 115000 | 112615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 11/01/28 *(a)* | 235000 | 229762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/01/29 *(a)* | 320000 | 308611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 05/01/29 *(a)* | 450000 | 472855 |

---

**29**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 02/01/30 *(a)* | 200000 | 188264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/01/30 *(a)* | 1215000 | 1234404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/01/31 *(a)* | 465000 | 442461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.39%, 05/01/31 *(a)* | 315000 | 336341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/15/33  | 140000 | 149023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 05/01/34 *(a)* | 315000 | 282073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.53%, 05/01/34 *(a)* | 795000 | 867027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/01/35 *(a)* | 250000 | 214540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 02/15/38  | 130000 | 142002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/01/38 *(a)* | 135000 | 112324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/39 *(a)* | 165000 | 132837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/15/39  | 130000 | 143198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/15/40  | 160000 | 160885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 05/01/40 *(a)* | 875000 | 877266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 06/15/46 *(a)* | 145000 | 100266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 03/01/47 *(a)* | 290000 | 204009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/01/48 *(a)* | 290000 | 201979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 11/01/48 *(a)* | 145000 | 104603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/01/49 *(a)* | 265000 | 193694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/01/50 *(a)* | 400000 | 284284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 05/01/50 *(a)* | 1645000 | 1591406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.86%, 05/01/54 *(a)* | 795000 | 875374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.83%, 03/01/59 *(a)* | 185000 | 124629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/01/59 *(a)* | 300000 | 207195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.93%, 05/01/60 *(a)* | 1045000 | 1006304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.01%, 05/01/64 *(a)* | 450000 | 498996 |
| **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/01/27 *(a)* | 235000 | 232413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 03/01/30 *(a)* | 175000 | 163683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/35 *(a)* | 310000 | 310307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 09/15/40 *(a)* | 150000 | 148833 |
| **Carrier Global Corp.** | **Carrier Global Corp.** | **Carrier Global Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 02/15/30 *(a)* | 675000 | 631327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 02/15/31 *(a)(e)* | 260000 | 238722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/15/34 *(a)* | 245000 | 258688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/05/40 *(a)* | 460000 | 362682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.58%, 04/05/50 *(a)(e)* | 425000 | 304240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/15/54 *(a)* | 174000 | 182737 |
| **Caterpillar Financial Services Corp.** | **Caterpillar Financial Services Corp.** | **Caterpillar Financial Services Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/14/27  | 250000 | 252537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 08/12/27  | 200000 | 199034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 09/14/27  | 285000 | 273480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 10/15/27  | 200000 | 200984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/27  | 300000 | 302694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 01/10/28  | 160000 | 159178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/03/28  | 100000 | 100532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 08/15/28  | 220000 | 219861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 11/14/28  | 320000 | 318506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/23/29  | 300000 | 296301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/27/29  | 185000 | 188402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/16/29  | 275000 | 276204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 11/15/29  | 275000 | 278998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/08/31  | 160000 | 158574 |
| **Caterpillar, Inc.** | **Caterpillar, Inc.** | **Caterpillar, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 09/19/29 *(a)* | 150000 | 142343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 04/09/30 *(a)* | 335000 | 314555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 03/12/31 *(a)* | 240000 | 214044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/15/35 *(a)* | 510000 | 522954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/15/35  | 65000 | 67993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 08/15/36  | 145000 | 158749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/27/41  | 420000 | 416220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 08/15/42  | 520000 | 430134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/15/44 *(a)* | 175000 | 151086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 09/19/49 *(a)* | 305000 | 212484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/09/50 *(a)* | 375000 | 261514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/55 *(a)* | 95000 | 95092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/64 *(a)* | 130000 | 112389 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CNH Industrial Capital LLC** | **CNH Industrial Capital LLC** | **CNH Industrial Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/08/27 *(a)* | 150000 | 150003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/21/28 *(a)* | 150000 | 150887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/10/28 *(a)* | 235000 | 235181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/12/29 *(a)* | 250000 | 256410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/20/29 *(a)* | 150000 | 152028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/07/31 *(a)* | 160000 | 156389 |
| **CNH Industrial NV** | **CNH Industrial NV** | **CNH Industrial NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 11/15/27 *(a)* | 240000 | 238082 |
| **CRH America Finance, Inc.** | **CRH America Finance, Inc.** | **CRH America Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/09/31 *(a)* | 200000 | 197478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/21/34 *(a)* | 200000 | 204032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/09/35 *(a)* | 400000 | 409184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/09/36 *(a)* | 275000 | 270179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/09/55 *(a)* | 200000 | 199338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/09/56 *(a)* | 200000 | 192052 |
| **CRH SMW Finance DAC** | **CRH SMW Finance DAC** | **CRH SMW Finance DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/21/29 *(a)* | 200000 | 204502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/09/30 *(a)* | 450000 | 457857 |
| **Deere & Co.** | **Deere & Co.** | **Deere & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 10/16/29  | 150000 | 155759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 04/15/30 *(a)* | 270000 | 257899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 03/03/31  | 160000 | 179114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/16/35 *(a)* | 315000 | 327534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/09/42 *(a)* | 410000 | 347163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 09/07/49 *(a)* | 170000 | 111710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/15/50 *(a)* | 305000 | 233340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 01/19/55 *(a)* | 225000 | 229725 |
| **Dover Corp.** | **Dover Corp.** | **Dover Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 11/04/29 *(a)* | 160000 | 151970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 10/15/35  | 120000 | 125036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/01/41 *(a)* | 90000 | 90203 |
| **Eagle Materials, Inc.** | **Eagle Materials, Inc.** | **Eagle Materials, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/01/31 *(a)* | 250000 | 223682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/36 *(a)* | 230000 | 220246 |
| **Eaton Capital ULC** | **Eaton Capital ULC** | **Eaton Capital ULC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/09/30 *(a)* | 200000 | 200162 |
| **Eaton Corp.** | **Eaton Corp.** | **Eaton Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 09/15/27 *(a)* | 215000 | 212052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/06/28  | 450000 | 446922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/18/28 *(a)* | 225000 | 225504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/06/29 *(a)* | 450000 | 445572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/06/31 *(a)* | 450000 | 443785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/02/32  | 230000 | 222865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/06/33 *(a)* | 300000 | 295905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/33 *(a)* | 300000 | 291927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/06/36 *(a)* | 500000 | 493960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 11/02/42  | 325000 | 278574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 09/15/47 *(a)* | 145000 | 114975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 08/23/52 *(a)* | 305000 | 267750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/06/56 *(a)* | 300000 | 290388 |
| **Embraer Netherlands Finance BV** | **Embraer Netherlands Finance BV** | **Embraer Netherlands Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.98%, 02/11/35 *(a)* | 200000 | 205954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/09/38 *(a)* | 390000 | 372399 |
| **Emerson Electric Co.** | **Emerson Electric Co.** | **Emerson Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 10/15/27 *(a)* | 120000 | 116062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/21/28 *(a)* | 270000 | 255536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 10/15/30 *(a)* | 125000 | 112551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 12/21/31 *(a)* | 300000 | 266625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/35 *(a)* | 125000 | 125896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/39  | 100000 | 100691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/15/50 *(a)* | 305000 | 188548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 12/21/51 *(a)(c)* | 410000 | 252958 |
| **Ferguson Enterprises, Inc.** | **Ferguson Enterprises, Inc.** | **Ferguson Enterprises, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/15/31 *(a)* | 220000 | 216674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/03/34 *(a)* | 225000 | 222712 |

---

**30**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Flowserve Corp.** | **Flowserve Corp.** | **Flowserve Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/01/30 *(a)* | 200000 | 188320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 01/15/32 *(a)* | 150000 | 132447 |
| **Fortive Corp.** | **Fortive Corp.** | **Fortive Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/46 *(a)* | 160000 | 128302 |
| **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 09/15/29 *(a)* | 200000 | 190828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/25/32 *(a)* | 110000 | 104039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/01/33 *(a)* | 175000 | 181557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/25/52 *(a)* | 170000 | 132449 |
| **GE Capital Funding LLC** | **GE Capital Funding LLC** | **GE Capital Funding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/15/32 *(a)* | 200000 | 199498 |
| **GE Capital International Funding Co. Unlimited Co.** | **GE Capital International Funding Co. Unlimited Co.** | **GE Capital International Funding Co. Unlimited Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 11/15/35  | 425000 | 408136 |
| **GE Vernova, Inc.** | **GE Vernova, Inc.** | **GE Vernova, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/04/36 *(a)* | 300000 | 297495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/04/56 *(a)* | 300000 | 288678 |
| **General Dynamics Corp.** | **General Dynamics Corp.** | **General Dynamics Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/27 *(a)* | 210000 | 208933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 11/15/27 *(a)* | 150000 | 146759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/28 *(a)* | 300000 | 298368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/01/30 *(a)* | 300000 | 291324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/31 *(a)* | 150000 | 135072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/35 *(a)* | 200000 | 201436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/40 *(a)* | 210000 | 189120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 06/01/41 *(a)* | 290000 | 216639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 11/15/42 *(a)* | 200000 | 159916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/50 *(a)* | 225000 | 188332 |
| **General Electric Co.** | **General Electric Co.** | **General Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/29/30 *(a)* | 335000 | 334337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/32  | 340000 | 379658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/29/36 *(a)* | 300000 | 300234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/14/38  | 200000 | 213156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 01/10/39  | 245000 | 282416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/11/44  | 150000 | 133209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/01/50 *(a)* | 190000 | 160140 |
| **HEICO Corp.** | **HEICO Corp.** | **HEICO Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/01/28 *(a)* | 150000 | 152894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 08/01/33 *(a)* | 210000 | 213774 |
| **Hexcel Corp.** | **Hexcel Corp.** | **Hexcel Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/26/35 *(a)* | 250000 | 257177 |
| **Honeywell Aerospace, Inc.** | **Honeywell Aerospace, Inc.** | **Honeywell Aerospace, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/16/28 *(e)* | 350000 | 347571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/16/29 *(a)(e)* | 400000 | 396496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/16/31 *(a)(e)* | 650000 | 643539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/16/33 *(a)(e)* | 500000 | 494105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/16/36 *(a)(e)* | 1000000 | 992660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 03/16/46 *(a)(e)* | 500000 | 493430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 03/16/56 *(a)(e)* | 1000000 | 989590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/16/66 *(a)(e)* | 500000 | 496180 |
| **Honeywell International, Inc.** | **Honeywell International, Inc.** | **Honeywell International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 08/15/29 *(a)* | 250000 | 237170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 06/01/30 *(a)* | 300000 | 272088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/01/31 *(a)* | 245000 | 212591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/33 *(a)* | 385000 | 394995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/34 *(a)* | 290000 | 285653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/35 *(a)* | 165000 | 167069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.81%, 11/21/47 *(a)* | 200000 | 151882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/01/50 *(a)* | 275000 | 178635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/54 *(a)* | 210000 | 196997 |
| **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 01/15/28  | 125000 | 130289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/29 *(a)* | 200000 | 193000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/15/29 *(a)* | 75000 | 74017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/31 *(a)* | 215000 | 217494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/15/32 *(a)* | 150000 | 148353 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/36 *(a)* | 150000 | 145857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/01/37  | 190000 | 202534 |
| **Hubbell, Inc.** | **Hubbell, Inc.** | **Hubbell, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/27 *(a)* | 155000 | 152593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/28 *(a)* | 190000 | 187351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/15/31 *(a)* | 145000 | 131495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/35 *(a)* | 120000 | 116909 |
| **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.48%, 12/01/27 *(a)* | 210000 | 206760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.04%, 08/16/28 *(a)* | 195000 | 184883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/30 *(a)* | 100000 | 101971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/01/30 *(a)* | 250000 | 245577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/35 *(a)* | 150000 | 155259 |
| **IDEX Corp.** | **IDEX Corp.** | **IDEX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/01/30 *(a)* | 250000 | 235232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 06/15/31 *(a)* | 190000 | 171496 |
| **Illinois Tool Works, Inc.** | **Illinois Tool Works, Inc.** | **Illinois Tool Works, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/15/41 *(a)* | 185000 | 175484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 09/01/42 *(a)* | 350000 | 292435 |
| **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/15/27 *(a)* | 200000 | 201808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/14/28 *(a)* | 150000 | 153468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 06/15/29 *(a)* | 245000 | 250848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 06/15/31 *(a)* | 150000 | 154020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 08/14/33 *(a)* | 325000 | 337681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/15/34 *(a)* | 200000 | 204410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/54 *(a)* | 150000 | 146885 |
| **John Deere Capital Corp.** | **John Deere Capital Corp.** | **John Deere Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/11/27  | 170000 | 171726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/15/27  | 250000 | 250787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 09/08/27  | 300000 | 294750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/15/27  | 395000 | 395829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 01/06/28  | 250000 | 245880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/20/28  | 325000 | 329504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/03/28  | 255000 | 259496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 03/06/28  | 185000 | 176466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/05/28  | 405000 | 406656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/14/28  | 450000 | 458829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/16/29  | 250000 | 252447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/07/29  | 375000 | 368055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/18/29  | 270000 | 263269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/11/29  | 200000 | 203752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 07/18/29  | 325000 | 310872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/11/29  | 175000 | 179786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/09/30  | 300000 | 282102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 06/05/30  | 230000 | 231580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/10/30  | 250000 | 253495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/15/30  | 170000 | 169903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 01/15/31  | 200000 | 175728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/07/31  | 270000 | 275659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 06/17/31  | 110000 | 97693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/08/31  | 350000 | 349727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/07/32  | 150000 | 145500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/08/33  | 215000 | 221889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/11/34  | 325000 | 331243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/12/34  | 275000 | 279543 |
| **Johnson Controls International PLC** | **Johnson Controls International PLC** | **Johnson Controls International PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/36  | 187000 | 198901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/02/44 *(a)* | 130000 | 113299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/47 *(a)* | 110000 | 92953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/02/64 *(a)(g)* | 195000 | 164527 |
| **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/19/29 *(a)* | 250000 | 258275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/15/30 *(a)* | 185000 | 164452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 09/16/31 *(a)* | 100000 | 87313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/01/32 *(a)* | 135000 | 135593 |

---

**31**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kennametal, Inc.** | **Kennametal, Inc.** | **Kennametal, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/15/28 *(a)* | 95000 | 95401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 03/01/31 *(a)* | 135000 | 122145 |
| **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/15/28 *(a)* | 620000 | 620461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/01/29 *(a)* | 225000 | 228935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/15/29 *(a)* | 65000 | 61391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 01/15/31 *(a)* | 290000 | 254008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/31 *(a)* | 185000 | 189516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/31/33 *(a)* | 455000 | 467226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/01/34 *(a)* | 285000 | 290187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/27/35 *(a)* | 100000 | 98173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 12/15/40  | 100000 | 106543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/27/45 *(a)* | 150000 | 139602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 07/31/53 *(a)* | 150000 | 146058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/54 *(a)* | 180000 | 172528 |
| **Leggett & Platt, Inc.** | **Leggett & Platt, Inc.** | **Leggett & Platt, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/27 *(a)* | 190000 | 185983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/29 *(a)* | 236000 | 230662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/51 *(a)* | 220000 | 137009 |
| **Lennox International, Inc.** | **Lennox International, Inc.** | **Lennox International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 08/01/27 *(a)* | 165000 | 159527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/15/28 *(a)* | 175000 | 178395 |
| **Lockheed Martin Corp.** | **Lockheed Martin Corp.** | **Lockheed Martin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 11/15/27 *(a)* | 315000 | 320431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/15/28 *(a)* | 150000 | 150153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/29 *(a)* | 175000 | 176444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 06/15/30 *(a)* | 170000 | 153709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 08/15/30 *(a)* | 220000 | 220317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/15/31 *(a)* | 155000 | 157083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/15/32 *(a)* | 300000 | 291591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/33 *(a)* | 300000 | 312765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/34 *(a)* | 300000 | 300975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/15/34 *(a)* | 250000 | 250102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 03/01/35 *(a)* | 150000 | 136863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/35 *(a)* | 220000 | 222110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/36 *(a)* | 160000 | 155610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 09/01/36  | 265000 | 291007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 06/01/40  | 190000 | 201810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.07%, 12/15/42  | 400000 | 338800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/01/45 *(a)* | 350000 | 276720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/15/46 *(a)* | 425000 | 377782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/15/50 *(a)* | 165000 | 103133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.09%, 09/15/52 *(a)* | 465000 | 364207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 06/15/53 *(a)* | 350000 | 276493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 11/15/54 *(a)* | 300000 | 300561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/55 *(a)* | 135000 | 125723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/62 *(a)* | 290000 | 226977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/63 *(a)* | 245000 | 250713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/64 *(a)* | 225000 | 204503 |
| **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 06/01/27 *(a)* | 215000 | 212577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/15/27 *(a)* | 150000 | 147872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/15/30 *(a)* | 150000 | 138866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 07/15/31 *(a)* | 300000 | 267384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 12/01/34 *(a)* | 225000 | 225409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/15/47 *(a)* | 200000 | 160280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 07/15/51 *(a)* | 325000 | 211650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/01/54 *(a)* | 200000 | 188866 |
| **Masco Corp.** | **Masco Corp.** | **Masco Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/15/28 *(a)* | 225000 | 213104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 10/01/30 *(a)* | 180000 | 160169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 02/15/31 *(a)* | 150000 | 132444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/47 *(a)* | 175000 | 144541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 02/15/51 *(a)* | 85000 | 54500 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Mohawk Industries, Inc.** | **Mohawk Industries, Inc.** | **Mohawk Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 09/18/28 *(a)* | 285000 | 293296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/15/30 *(a)* | 175000 | 167797 |
| **Nordson Corp.** | **Nordson Corp.** | **Nordson Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/15/28 *(a)* | 240000 | 245479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/15/33 *(a)* | 185000 | 192352 |
| **Northrop Grumman Corp.** | **Northrop Grumman Corp.** | **Northrop Grumman Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/28 *(a)* | 450000 | 442287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/01/29 *(a)* | 245000 | 246698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/01/30 *(a)* | 255000 | 254426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/15/30 *(a)* | 115000 | 115765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/15/33 *(a)* | 330000 | 329719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/01/34 *(a)* | 255000 | 254834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/35 *(a)* | 150000 | 152993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/01/40 *(a)* | 175000 | 171043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 11/15/40  | 100000 | 96749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/01/43  | 295000 | 267258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/15/45 *(a)* | 255000 | 200527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.03%, 10/15/47 *(a)* | 685000 | 540164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/01/50 *(a)* | 305000 | 283305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/53 *(a)* | 310000 | 274809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/54 *(a)* | 410000 | 378229 |
| **nVent Finance SARL** | **nVent Finance SARL** | **nVent Finance SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/15/28 *(a)* | 230000 | 229545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/15/31 *(a)* | 200000 | 177938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 05/15/33 *(a)* | 150000 | 154235 |
| **Oshkosh Corp.** | **Oshkosh Corp.** | **Oshkosh Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/28 *(a)* | 100000 | 100082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 03/01/30 *(a)* | 230000 | 216373 |
| **Otis Worldwide Corp.** | **Otis Worldwide Corp.** | **Otis Worldwide Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.29%, 04/05/27 *(a)* | 250000 | 245157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/16/28 *(a)* | 200000 | 204150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57%, 02/15/30 *(a)* | 450000 | 417820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/04/35 *(a)* | 175000 | 174624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.11%, 02/15/40 *(a)* | 265000 | 201816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.36%, 02/15/50 *(a)* | 275000 | 188345 |
| **Owens Corning** | **Owens Corning** | **Owens Corning** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/27 *(a)* | 100000 | 101258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/15/29 *(a)* | 175000 | 172046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/01/30 *(a)* | 225000 | 217890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/34 *(a)* | 285000 | 295317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 12/01/36  | 155000 | 173191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/15/47 *(a)* | 200000 | 159118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/30/48 *(a)* | 135000 | 108695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/15/54 *(a)* | 215000 | 213433 |
| **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/27 *(a)* | 350000 | 350087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/14/29 *(a)* | 370000 | 358782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/29 *(a)* | 280000 | 281683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/21/34 *(a)* | 200000 | 191764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/15/38  | 75000 | 82280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 11/21/44 *(a)* | 190000 | 164318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/01/47 *(a)* | 215000 | 173662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/14/49 *(a)* | 250000 | 195728 |
| **Pentair Finance SARL** | **Pentair Finance SARL** | **Pentair Finance SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/29 *(a)* | 325000 | 323349 |
| **Precision Castparts Corp.** | **Precision Castparts Corp.** | **Precision Castparts Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 01/15/43 *(a)* | 175000 | 145177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/15/45 *(a)* | 129000 | 110138 |
| **Regal Rexnord Corp.** | **Regal Rexnord Corp.** | **Regal Rexnord Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 04/15/28 *(a)* | 400000 | 410436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 02/15/30 *(a)* | 275000 | 288370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 04/15/33 *(a)* | 410000 | 433300 |
| **Republic Services, Inc.** | **Republic Services, Inc.** | **Republic Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/15/27 *(a)* | 300000 | 296364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/15/28 *(a)* | 195000 | 193933 |

---

**32**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/29 *(a)* | 250000 | 253837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/01/30 *(a)* | 65000 | 60033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/30 *(a)* | 150000 | 151881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 02/15/31 *(a)* | 275000 | 238450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/15/32 *(a)* | 305000 | 261406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/33 *(a)* | 215000 | 185964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/33 *(a)* | 150000 | 152742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/34 *(a)* | 260000 | 262967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/15/34 *(a)* | 100000 | 102096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/35 *(a)* | 225000 | 229556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/01/40  | 100000 | 108626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/15/41 *(a)* | 75000 | 77678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 03/01/50 *(a)* | 380000 | 252825 |
| **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/29 *(a)* | 145000 | 142439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/15/31 *(a)* | 160000 | 139238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/49 *(a)* | 185000 | 150547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 08/15/61 *(a)* | 140000 | 78511 |
| **RTX Corp.** | **RTX Corp.** | **RTX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 05/04/27 *(a)* | 390000 | 385152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 08/15/27  | 100000 | 103983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/16/28 *(a)* | 955000 | 951409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/29 *(a)* | 150000 | 155640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/15/29  | 255000 | 280128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 07/01/30 *(a)* | 270000 | 247161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/15/31 *(a)* | 300000 | 318870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 09/01/31 *(a)* | 425000 | 370570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/32 *(a)* | 275000 | 242487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/27/33 *(a)* | 350000 | 357395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/34 *(a)* | 525000 | 565971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/01/35  | 225000 | 232024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 06/01/36  | 125000 | 134660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 07/15/38  | 190000 | 204693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 11/16/38 *(a)* | 200000 | 184918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 04/15/40  | 295000 | 303602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/15/40 *(e)* | 150000 | 142644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/15/41  | 110000 | 99843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/42  | 1025000 | 911215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 12/15/43 *(a)* | 130000 | 117415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/15/45 *(a)* | 175000 | 143278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/01/46 *(a)* | 350000 | 266784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/15/47 *(a)* | 270000 | 224354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/04/47 *(a)* | 185000 | 146768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/16/48 *(a)* | 490000 | 417926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 07/01/50 *(a)* | 350000 | 230741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.82%, 09/01/51 *(a)* | 325000 | 199417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 03/15/52 *(a)* | 330000 | 209246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/27/53 *(a)* | 370000 | 347645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 03/15/54 *(a)* | 520000 | 561122 |
| **Snap-on, Inc.** | **Snap-on, Inc.** | **Snap-on, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/01/48 *(a)* | 115000 | 91917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/01/50 *(a)* | 200000 | 133024 |
| **Sonoco Products Co.** | **Sonoco Products Co.** | **Sonoco Products Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/01/29 *(a)* | 260000 | 259457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 05/01/30 *(a)* | 230000 | 216391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 02/01/32 *(a)* | 140000 | 125390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/34 *(a)* | 200000 | 195966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/01/40 *(a)* | 160000 | 159602 |
| **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/15/28 *(a)* | 355000 | 355213 |
| **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/06/28 *(a)* | 170000 | 175279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/28 *(a)* | 150000 | 149754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/15/30 *(a)* | 265000 | 242072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/32 *(a)* | 105000 | 94714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/01/40  | 140000 | 130803 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 11/15/48 *(a)* | 150000 | 126158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/15/50 *(a)* | 220000 | 124927 |
| **Textron, Inc.** | **Textron, Inc.** | **Textron, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/01/28 *(a)* | 225000 | 221080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 09/17/29 *(a)* | 225000 | 220327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/01/30 *(a)* | 125000 | 117804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 03/15/31 *(a)* | 150000 | 135293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 11/15/33 *(a)* | 125000 | 131906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/35 *(a)* | 100000 | 101750 |
| **Timken Co.** | **Timken Co.** | **Timken Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/15/28 *(a)* | 150000 | 149811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/01/32 *(a)* | 105000 | 99387 |
| **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/21/29 *(a)* | 200000 | 197590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/03/33 *(a)* | 200000 | 205446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/13/34 *(a)* | 175000 | 177373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/01/44 *(a)* | 100000 | 89256 |
| **Trane Technologies Holdco, Inc.** | **Trane Technologies Holdco, Inc.** | **Trane Technologies Holdco, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/21/28 *(a)* | 280000 | 277701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/15/43  | 150000 | 152537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/21/48 *(a)* | 190000 | 156701 |
| **Tyco Electronics Group SA** | **Tyco Electronics Group SA** | **Tyco Electronics Group SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/15/27 *(a)* | 215000 | 212063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/01/30 *(a)* | 115000 | 116294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/09/31 *(a)* | 170000 | 169869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/04/32 *(a)* | 225000 | 200108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/09/35 *(a)* | 115000 | 114824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 10/01/37  | 160000 | 185248 |
| **Valmont Industries, Inc.** | **Valmont Industries, Inc.** | **Valmont Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/44 *(a)* | 140000 | 123710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/01/54 *(a)* | 100000 | 90476 |
| **Veralto Corp.** | **Veralto Corp.** | **Veralto Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 09/18/28 *(a)* | 235000 | 240022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/18/33 *(a)* | 200000 | 204436 |
| **Vertiv Holdings Co.** | **Vertiv Holdings Co.** | **Vertiv Holdings Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/36 *(a)* | 175000 | 170275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/46 *(a)* | 150000 | 143139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/56 *(a)* | 150000 | 144302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/66 *(a)* | 150000 | 143621 |
| **Vontier Corp.** | **Vontier Corp.** | **Vontier Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 04/01/28 *(a)* | 155000 | 148633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 04/01/31 *(a)* | 200000 | 181952 |
| **Vulcan Materials Co.** | **Vulcan Materials Co.** | **Vulcan Materials Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/01/27 *(a)* | 200000 | 199366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/01/29 *(a)* | 20000 | 20315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/30 *(a)* | 265000 | 254384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/01/34 *(a)* | 230000 | 233954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/15/47 *(a)* | 235000 | 195457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/01/48 *(a)* | 190000 | 162121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 12/01/54 *(a)* | 225000 | 218799 |
| **Waste Connections, Inc.** | **Waste Connections, Inc.** | **Waste Connections, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/01/28 *(a)* | 215000 | 215101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/01/29 *(a)* | 204000 | 200330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 02/01/30 *(a)* | 200000 | 188286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 01/15/32 *(a)* | 250000 | 219733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 06/01/32 *(a)* | 210000 | 194338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 01/15/33 *(a)* | 25000 | 24208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/34 *(a)* | 200000 | 201358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/35 *(a)* | 150000 | 153203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 04/01/50 *(a)* | 175000 | 116755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 01/15/52 *(a)* | 300000 | 191118 |
| **Waste Management, Inc.** | **Waste Management, Inc.** | **Waste Management, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/03/27 *(a)* | 155000 | 156517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 11/15/27 *(a)* | 310000 | 305505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 03/15/28 *(a)* | 280000 | 264401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 *(a)* | 300000 | 301998 |

---

**33**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/15/29 *(a)* | 250000 | 247602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/29 *(a)* | 200000 | 203358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 06/01/29 *(a)* | 90000 | 83935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/30 *(a)* | 370000 | 373582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 03/15/31 *(a)* | 295000 | 256541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/03/31 *(a)* | 235000 | 240426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/32 *(a)* | 225000 | 228593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/15/32 *(a)* | 230000 | 225729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/33 *(a)* | 195000 | 195394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/34 *(a)* | 375000 | 379556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/35 *(a)* | 500000 | 501775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/01/41 *(a)* | 250000 | 186890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/01/45 *(a)* | 215000 | 179366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 07/15/49 *(a)* | 200000 | 162956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 11/15/50 *(a)* | 225000 | 134201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 10/15/54 *(a)* | 395000 | 376909 |
| **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/15/28 *(a)(f)* | 460000 | 461352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/29/30 *(a)* | 150000 | 151658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 03/11/34 *(a)* | 95000 | 97783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/29/35 *(a)* | 250000 | 255785 |
| **WW Grainger, Inc.** | **WW Grainger, Inc.** | **WW Grainger, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/15/34 *(a)* | 175000 | 172443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/15/45 *(a)* | 240000 | 213638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/46 *(a)* | 245000 | 190605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/15/47 *(a)* | 140000 | 115766 |
| **Xylem, Inc.** | **Xylem, Inc.** | **Xylem, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 01/30/28 *(a)* | 205000 | 196823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/30/31 *(a)* | 135000 | 121609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/01/46 *(a)* | 215000 | 178609 |
|  |  | **129716050** |
| ***Communications 1.7%***  | ***Communications 1.7%***  | ***Communications 1.7%***  |
| **America Movil SAB de CV** | **America Movil SAB de CV** | **America Movil SAB de CV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/22/29 *(a)* | 335000 | 326005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/07/30 *(a)* | 545000 | 507662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/20/33 *(a)* | 200000 | 200276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/01/35  | 315000 | 341973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/15/37  | 240000 | 252283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/30/40  | 690000 | 720077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 07/16/42  | 385000 | 331385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/22/49 *(a)* | 210000 | 172360 |
| **American Tower Corp.** | **American Tower Corp.** | **American Tower Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 07/15/27 *(a)* | 360000 | 356105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 01/15/28 *(a)* | 300000 | 295530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 01/31/28 *(a)* | 250000 | 237010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/28 *(a)* | 150000 | 152759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/28 *(a)* | 200000 | 203498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 11/15/28 *(a)* | 280000 | 288669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/29 *(a)* | 135000 | 137296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/15/29 *(a)* | 310000 | 305136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 08/15/29 *(a)* | 450000 | 439114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 01/15/30 *(a)* | 255000 | 239639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/31/30 *(a)* | 175000 | 177132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/30 *(a)* | 200000 | 201734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 06/15/30 *(a)* | 200000 | 180188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 10/15/30 *(a)* | 400000 | 353332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/15/31 *(a)* | 220000 | 199826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 09/15/31 *(a)* | 200000 | 176114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/15/32 *(a)* | 250000 | 239700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/15/32 *(a)* | 260000 | 255642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/33 *(a)* | 255000 | 263925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 07/15/33 *(a)* | 350000 | 359884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/33 *(a)* | 40000 | 41906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/15/34 *(a)* | 225000 | 229127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/31/35 *(a)* | 275000 | 277635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 10/15/49 *(a)* | 235000 | 168909 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 06/15/50 *(a)* | 455000 | 291528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 01/15/51 *(a)* | 390000 | 240825 |
| **AppLovin Corp.** | **AppLovin Corp.** | **AppLovin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 12/01/29 *(a)* | 340000 | 341843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 12/01/31 *(a)* | 425000 | 429348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/01/34 *(a)* | 320000 | 317571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/01/54 *(a)* | 180000 | 164009 |
| **AT&T, Inc.** | **AT&T, Inc.** | **AT&T, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/01/27 *(a)* | 720000 | 704074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 02/01/28 *(a)* | 720000 | 685973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/15/28 *(a)* | 595000 | 592293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/01/29 *(a)* | 850000 | 850833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/15/30 *(a)* | 1070000 | 1063152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 08/15/30 *(a)* | 325000 | 327863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 04/30/31 *(a)* | 500000 | 495120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 06/01/31 *(a)* | 900000 | 822915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 02/01/32 *(a)* | 785000 | 686310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/01/32 *(a)* | 340000 | 334268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/30/33 *(a)* | 400000 | 396728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 12/01/33 *(a)* | 1131000 | 957867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/15/34 *(a)* | 865000 | 885673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/35 *(a)* | 795000 | 754360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 08/15/35 *(a)* | 410000 | 415441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/01/35 *(a)* | 370000 | 361331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 04/30/36 *(a)* | 400000 | 395144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/37 *(a)* | 380000 | 377845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/15/37 *(a)* | 239000 | 229677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 01/15/38  | 245000 | 260283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 02/15/39  | 120000 | 130358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/39 *(a)* | 350000 | 326403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/15/40 *(a)* | 155000 | 159658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 09/01/40  | 175000 | 168688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/01/41  | 155000 | 164568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/41 *(a)* | 765000 | 594275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/41  | 185000 | 178878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/42  | 210000 | 192152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/15/42 *(a)* | 450000 | 373585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 02/01/43 *(a)* | 215000 | 154888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/01/44 *(a)* | 185000 | 156878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/15/44 *(a)* | 50000 | 43288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/15/45 *(a)* | 265000 | 214170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 07/15/45 *(a)* | 75000 | 65288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/01/45 *(a)* | 370000 | 350619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/30/46 *(a)* | 250000 | 243465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/46 *(a)* | 600000 | 508836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 11/15/46 *(a)* | 210000 | 187832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/15/47 *(a)* | 260000 | 250104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/01/47 *(a)* | 183000 | 170150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/09/48 *(a)* | 535000 | 432232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/09/49 *(a)* | 309000 | 248794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/50 *(a)* | 215000 | 190122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 06/01/51 *(a)* | 875000 | 601624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 02/01/52 *(a)* | 280000 | 177576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/15/53 *(a)* | 2270000 | 1488825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 11/01/54 *(a)* | 485000 | 455337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 09/15/55 *(a)* | 2265000 | 1474334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/30/56 *(a)* | 500000 | 489655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 08/15/56 *(a)* | 400000 | 394224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/01/57 *(a)* | 165000 | 156372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 12/01/57 *(a)* | 1780000 | 1202052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 09/15/59 *(a)* | 2055000 | 1329318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/01/60 *(a)* | 565000 | 380070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/01/61 *(a)* | 350000 | 218309 |
| **Bell Telephone Co. of Canada or Bell Canada** | **Bell Telephone Co. of Canada or Bell Canada** | **Bell Telephone Co. of Canada or Bell Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 02/15/32 *(a)* | 235000 | 201987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/11/33 *(a)* | 325000 | 325917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/34 *(a)* | 210000 | 210874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 04/01/48 *(a)* | 400000 | 324296 |

---

**34**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/29/49 *(a)* | 180000 | 141224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 03/17/51 *(a)* | 130000 | 92037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 02/15/52 *(a)* | 125000 | 81311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 08/15/52 *(a)* | 160000 | 110123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/15/54 *(a)* | 220000 | 206587 |
| **British Telecommunications PLC** | **British Telecommunications PLC** | **British Telecommunications PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 12/04/28 *(a)* | 225000 | 228467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 12/15/30 *(f)* | 820000 | 979974 |
| **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/28 *(a)* | 500000 | 491430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/28 *(a)* | 315000 | 312197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/15/29 *(a)* | 370000 | 345865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/30/29 *(a)* | 375000 | 376980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 06/01/29 *(a)* | 400000 | 414432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 04/01/31 *(a)* | 470000 | 421989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/01/32 *(a)* | 315000 | 270059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 04/01/33 *(a)* | 405000 | 378412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 02/01/34 *(a)* | 365000 | 381060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 06/01/34 *(a)* | 450000 | 467491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 10/23/35 *(a)* | 710000 | 723163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 12/01/35 *(a)* | 370000 | 364106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/01/38 *(a)* | 315000 | 283185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/41 *(a)* | 500000 | 351220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/42 *(a)* | 380000 | 260384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.48%, 10/23/45 *(a)* | 1000000 | 922080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 05/01/47 *(a)* | 795000 | 641311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/48 *(a)* | 755000 | 632411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/01/49 *(a)* | 420000 | 322850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/01/50 *(a)* | 960000 | 713654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/51 *(a)* | 745000 | 462667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/01/52 *(a)* | 705000 | 449247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/53 *(a)* | 460000 | 360884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.83%, 10/23/55 *(a)* | 145000 | 138153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 12/01/55 *(a)* | 220000 | 210560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/01/61 *(a)* | 640000 | 374938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 12/01/61 *(a)* | 450000 | 290363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 06/30/62 *(a)* | 445000 | 262813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/63 *(a)* | 350000 | 271068 |
| **Comcast Corp.** | **Comcast Corp.** | **Comcast Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 *(a)* | 200000 | 197996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 02/15/28 *(a)* | 350000 | 343462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 05/01/28 *(a)* | 200000 | 197188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/15/28 *(a)* | 1020000 | 1016461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/15/29 *(a)* | 250000 | 251955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/01/29 *(a)* | 180000 | 184284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 02/01/30 *(a)* | 525000 | 491878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 04/01/30 *(a)* | 500000 | 480290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/15/30 *(a)* | 425000 | 420703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 01/15/31 *(a)* | 475000 | 421695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/15/31 *(a)* | 505000 | 438032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/15/32 *(a)* | 200000 | 202096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/15/32 *(a)* | 330000 | 343418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/33  | 570000 | 551435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 02/15/33 *(a)* | 330000 | 327073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 03/15/33  | 250000 | 281210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/33 *(a)* | 300000 | 298971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/01/34 *(a)* | 350000 | 355561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/15/34 *(a)* | 340000 | 320382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/35 *(a)(c)* | 200000 | 203736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/15/35  | 300000 | 310566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 08/15/35 *(a)* | 230000 | 217288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/15/35  | 320000 | 350230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 07/15/36 *(a)* | 315000 | 264241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 01/15/37 *(a)(e)* | 381000 | 371330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 03/15/37  | 290000 | 314795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 08/15/37  | 150000 | 168006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/01/38 *(a)* | 395000 | 340127 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 10/15/38 *(a)* | 300000 | 274596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 07/01/39  | 190000 | 205614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/01/39 *(a)* | 405000 | 312644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/40 *(a)* | 350000 | 284057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/15/42  | 195000 | 168221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/01/44  | 240000 | 204538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 08/15/45 *(a)* | 250000 | 208745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 07/15/46 *(a)* | 520000 | 355696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/15/47 *(a)* | 341000 | 253452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 11/01/47 *(a)* | 608000 | 448965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/48 *(a)* | 365000 | 269301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 10/15/48 *(a)* | 600000 | 491718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/01/49 *(a)* | 705000 | 513289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 02/01/50 *(a)* | 585000 | 384035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 01/15/51 *(a)* | 540000 | 309209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.89%, 11/01/51 *(a)* | 1653000 | 956327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 08/15/52 *(a)* | 480000 | 250579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 11/01/52 *(a)* | 338000 | 242961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 05/15/53 *(a)* | 495000 | 438412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/01/54 *(a)* | 285000 | 263534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 05/15/55 *(a)(c)* | 205000 | 203163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.94%, 11/01/56 *(a)* | 1898000 | 1055041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/15/58 *(a)* | 330000 | 270491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 08/15/62 *(a)* | 430000 | 212781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.99%, 11/01/63 *(a)* | 1195000 | 635465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/64 *(a)* | 415000 | 367549 |
| **Crown Castle, Inc.** | **Crown Castle, Inc.** | **Crown Castle, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 09/01/27 *(a)* | 320000 | 316214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/11/28 *(a)* | 320000 | 322477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/15/28 *(a)* | 300000 | 295911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/01/28 *(a)* | 280000 | 281602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/15/29 *(a)* | 165000 | 163150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/01/29 *(a)* | 200000 | 204880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/01/29 *(a)* | 185000 | 186010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 11/15/29 *(a)* | 185000 | 174690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 07/01/30 *(a)* | 270000 | 253279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/15/31 *(a)* | 350000 | 309701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 04/01/31 *(a)* | 300000 | 261519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/15/31 *(a)* | 260000 | 229258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/01/33 *(a)* | 230000 | 227114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/01/34 *(a)* | 200000 | 205030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/01/34 *(a)* | 200000 | 197902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 04/01/41 *(a)* | 440000 | 311410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/47 *(a)* | 140000 | 116617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/49 *(a)* | 125000 | 109049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/49 *(a)* | 140000 | 101538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 07/01/50 *(a)* | 155000 | 116332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/51 *(a)* | 280000 | 179052 |
| **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 06/15/30 *(f)* | 1100000 | 1264109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 06/01/32  | 190000 | 233373 |
| **Electronic Arts, Inc.** | **Electronic Arts, Inc.** | **Electronic Arts, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 02/15/31 *(a)* | 270000 | 248748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 02/15/51 *(a)(c)* | 190000 | 154466 |
| **Fox Corp.** | **Fox Corp.** | **Fox Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 01/25/29 *(a)* | 560000 | 561977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/08/30 *(a)* | 200000 | 192058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/13/33 *(a)* | 400000 | 429424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 01/25/39 *(a)* | 415000 | 402185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 01/25/49 *(a)* | 540000 | 497896 |
| **Frontier Communications Holdings LLC** | **Frontier Communications Holdings LLC** | **Frontier Communications Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 *(a)* | 390000 | 392785 |
| **Frontier Florida LLC** | **Frontier Florida LLC** | **Frontier Florida LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.86%, 02/01/28  | 75000 | 77491 |
| **Koninklijke KPN NV** | **Koninklijke KPN NV** | **Koninklijke KPN NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 10/01/30  | 300000 | 345525 |

---

**35**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Meta Platforms, Inc.** | **Meta Platforms, Inc.** | **Meta Platforms, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/15/27 *(a)* | 810000 | 804792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/28 *(a)* | 510000 | 515651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/15/29 *(a)* | 300000 | 301260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/30 *(a)* | 320000 | 325050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/15/30 *(a)* | 1230000 | 1217675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/15/31 *(a)* | 375000 | 377122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 08/15/32 *(a)* | 1280000 | 1221466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/32 *(a)* | 1280000 | 1267021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/15/33 *(a)* | 575000 | 580025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/34 *(a)* | 695000 | 687779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/35 *(a)* | 2000000 | 1962840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/15/45 *(a)* | 1370000 | 1298212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 08/15/52 *(a)* | 800000 | 629608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 05/15/53 *(a)* | 795000 | 743468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/15/54 *(a)* | 1000000 | 906060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 11/15/55 *(a)* | 1970000 | 1847781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/15/62 *(a)* | 455000 | 352939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/15/63 *(a)* | 510000 | 474749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/64 *(a)* | 1060000 | 954954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/65 *(a)* | 1360000 | 1262338 |
| **NBCUniversal Media LLC** | **NBCUniversal Media LLC** | **NBCUniversal Media LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 04/30/40  | 105000 | 111716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/41  | 195000 | 196424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 01/15/43  | 225000 | 187119 |
| **Netflix, Inc.** | **Netflix, Inc.** | **Netflix, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/15/28  | 510000 | 516742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/15/28  | 530000 | 551645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/15/29  | 280000 | 296786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/15/34 *(a)* | 300000 | 302562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/15/54 *(a)* | 225000 | 218072 |
| **Omnicom Group, Inc.** | **Omnicom Group, Inc.** | **Omnicom Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/01/28 *(a)* | 140000 | 140252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/02/29 *(a)* | 125000 | 123638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/30/30 *(a)* | 275000 | 276477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 04/30/30 *(a)* | 175000 | 160715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/01/30 *(a)* | 185000 | 181840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/01/31 *(a)* | 200000 | 179218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 08/01/31 *(a)* | 260000 | 232900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/02/33 *(a)* | 200000 | 195368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 11/01/34 *(a)* | 155000 | 153439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/02/36 *(a)* | 150000 | 144791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/01/41 *(a)* | 145000 | 107316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/01/48 *(a)* | 265000 | 230855 |
| **Orange SA** | **Orange SA** | **Orange SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 03/01/31  | 820000 | 969207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/13/42  | 250000 | 242005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/06/44 *(a)* | 180000 | 175221 |
| **Rogers Communications, Inc.** | **Rogers Communications, Inc.** | **Rogers Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/29 *(a)* | 370000 | 373792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/15/32 *(a)* | 550000 | 513975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/15/34 *(a)* | 400000 | 398380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 08/15/38  | 100000 | 114076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/42 *(a)* | 165000 | 139451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/43 *(a)* | 115000 | 95474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 10/01/43 *(a)* | 225000 | 208672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/44 *(a)* | 305000 | 267997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/15/48 *(a)* | 220000 | 172929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/01/49 *(a)* | 245000 | 193356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 11/15/49 *(a)* | 165000 | 120980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/52 *(a)* | 625000 | 495250 |
| **Sprint Capital Corp.** | **Sprint Capital Corp.** | **Sprint Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/15/28  | 800000 | 845808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 03/15/32  | 575000 | 684601 |
| **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/14/27 *(a)* | 100000 | 99102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/28/28 *(a)* | 305000 | 307766 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/12/29 *(a)* | 225000 | 229970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/14/32 *(a)* | 250000 | 238523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/12/34 *(a)* | 95000 | 96678 |
| **TCI Communications, Inc.** | **TCI Communications, Inc.** | **TCI Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 02/15/28  | 180000 | 189061 |
| **Telefonica Emisiones SA** | **Telefonica Emisiones SA** | **Telefonica Emisiones SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 06/20/36  | 560000 | 618918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.67%, 03/06/38  | 200000 | 180786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 03/08/47  | 795000 | 692699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/06/48  | 400000 | 331260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 03/01/49 *(a)* | 450000 | 406692 |
| **Telefonica Europe BV** | **Telefonica Europe BV** | **Telefonica Europe BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 09/15/30  | 400000 | 453092 |
| **TELUS Corp.** | **TELUS Corp.** | **TELUS Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 09/15/27 *(a)* | 160000 | 158147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 05/13/32 *(a)* | 320000 | 292080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/16/48 *(a)* | 210000 | 174787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/49 *(a)* | 100000 | 79217 |
| **Time Warner Cable Enterprises LLC** | **Time Warner Cable Enterprises LLC** | **Time Warner Cable Enterprises LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 07/15/33  | 290000 | 329025 |
| **Time Warner Cable LLC** | **Time Warner Cable LLC** | **Time Warner Cable LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 05/01/37  | 465000 | 469073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 07/01/38  | 505000 | 529013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/15/39  | 450000 | 447120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/15/40 *(a)* | 375000 | 339083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/41 *(a)* | 410000 | 353104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/42 *(a)* | 335000 | 251964 |
| **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/15/27 *(a)* | 1200000 | 1192884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 02/15/28 *(a)* | 600000 | 575622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/28 *(a)* | 295000 | 298269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 07/15/28 *(a)* | 305000 | 307980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/15/29 *(a)* | 460000 | 465198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 02/15/29 *(a)* | 360000 | 342338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/29 *(a)* | 200000 | 188848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/15/29 *(a)* | 755000 | 732093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/01/29 *(a)* | 200000 | 198688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/15/30 *(a)* | 1870000 | 1821118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 02/15/31 *(a)* | 850000 | 772599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 02/15/31 *(a)* | 375000 | 345495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/15/31 *(a)* | 775000 | 733855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 11/15/31 *(a)* | 380000 | 334123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/15/32 *(a)* | 375000 | 333743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/32 *(a)* | 450000 | 456772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/33 *(a)* | 250000 | 245648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/15/33 *(a)* | 275000 | 280077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/15/33 *(a)* | 730000 | 734716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 12/15/33  | 210000 | 231233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/34 *(a)* | 325000 | 339488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/15/34 *(a)* | 415000 | 418341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/35 *(a)* | 200000 | 193550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/35 *(a)* | 350000 | 353496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/15/35 *(a)* | 350000 | 343903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/36 *(a)* | 360000 | 354463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/15/40 *(a)* | 615000 | 540763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/41 *(a)* | 650000 | 475624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/50 *(a)* | 905000 | 731321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 02/15/51 *(a)* | 895000 | 586100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 10/15/52 *(a)* | 900000 | 590022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/15/53 *(a)* | 565000 | 535304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/54 *(a)* | 400000 | 383936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/54 *(a)* | 345000 | 341515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/55 *(a)* | 250000 | 230330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/55 *(a)* | 325000 | 289250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/15/55 *(a)* | 395000 | 385307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 01/15/56 *(a)* | 340000 | 324105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 02/15/56 *(a)* | 295000 | 286516 |

---

**36**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 11/15/60 *(a)* | 595000 | 386583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/15/62 *(a)* | 285000 | 273871 |
| **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/15/27  | 295000 | 291351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/01/32  | 190000 | 212944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/16/41  | 150000 | 133310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/01/41  | 220000 | 188351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/01/44  | 300000 | 246966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/30/46  | 190000 | 129780 |
| **Verizon Communications, Inc.** | **Verizon Communications, Inc.** | **Verizon Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 03/22/28 *(a)* | 720000 | 691438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 09/21/28  | 824000 | 824354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/08/29 *(a)* | 265000 | 262493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 12/03/29 *(a)* | 1132000 | 1117069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 03/22/30 *(a)* | 425000 | 404719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 09/18/30 *(a)* | 395000 | 346743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.68%, 10/30/30 *(a)* | 398000 | 351629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 12/01/30  | 155000 | 175049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 01/20/31 *(a)* | 610000 | 535671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/21/31 *(a)* | 1300000 | 1180530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.36%, 03/15/32 *(a)* | 1315000 | 1148179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 *(a)* | 610000 | 602887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/09/33 *(a)* | 350000 | 354882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/10/33  | 610000 | 592200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 09/15/33  | 235000 | 255746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 11/01/34 *(a)* | 700000 | 666323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 02/15/35 *(a)* | 622000 | 603632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/02/35 *(a)* | 650000 | 651066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 09/15/35  | 150000 | 157455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.27%, 01/15/36  | 450000 | 416524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/36 *(a)* | 680000 | 666033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/16/37  | 465000 | 460085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/02/37 *(a)* | 721000 | 719277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 03/15/39  | 400000 | 373364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 11/20/40 *(a)* | 905000 | 635853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/22/41 *(a)* | 1090000 | 838951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 09/03/41 *(a)* | 490000 | 344759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/01/41  | 135000 | 121643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 11/01/42 *(a)* | 221000 | 176484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 09/15/43  | 235000 | 252362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/30/45 *(a)* | 460000 | 448247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/15/46  | 305000 | 243033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 08/21/46  | 725000 | 633679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/16/47  | 145000 | 136548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.52%, 09/15/48  | 465000 | 381481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.01%, 04/15/49  | 50000 | 44117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/22/50 *(a)* | 515000 | 389062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 11/20/50 *(a)* | 870000 | 528899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/22/51 *(a)* | 1350000 | 942745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/01/52 *(a)* | 275000 | 200945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/23/54 *(a)* | 310000 | 292429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.01%, 08/21/54  | 280000 | 242301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.67%, 03/15/55  | 250000 | 203885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/30/55 *(a)* | 1000000 | 973090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.99%, 10/30/56 *(a)* | 1130000 | 665400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/20/60 *(a)* | 625000 | 359294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/22/61 *(a)* | 1080000 | 719086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/30/65 *(a)* | 610000 | 593469 |
| **Vodafone Group PLC** | **Vodafone Group PLC** | **Vodafone Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 02/15/30  | 135000 | 151072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/30/32  | 195000 | 208853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 02/27/37  | 405000 | 434196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/30/38  | 225000 | 219798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/19/43  | 190000 | 159530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/30/48  | 425000 | 383095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/19/49  | 350000 | 298046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/17/50  | 310000 | 238957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/10/53 *(a)* | 260000 | 243303 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/28/54 *(a)* | 550000 | 520294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/19/59  | 75000 | 65835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/10/63 *(a)* | 145000 | 135050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/28/64 *(a)* | 300000 | 284877 |
| **Walt Disney Co.** | **Walt Disney Co.** | **Walt Disney Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 01/13/28  | 300000 | 290751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/14/29  | 300000 | 296547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 09/01/29 *(a)* | 650000 | 605416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/22/30  | 375000 | 368497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/13/31  | 650000 | 603369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/14/31  | 475000 | 467666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 03/15/33  | 130000 | 144672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 12/15/34  | 325000 | 358530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 12/15/35  | 300000 | 333009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/14/36  | 300000 | 292143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 03/01/37  | 130000 | 142063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 11/15/37  | 365000 | 411162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/23/40 *(a)* | 250000 | 234548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/13/40 *(a)* | 550000 | 450675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 02/15/41  | 220000 | 234887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/01/43  | 190000 | 186493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/15/44 *(a)* | 185000 | 165018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/15/45 *(a)* | 135000 | 124008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 12/01/45  | 325000 | 404462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/46 *(a)* | 155000 | 137018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/01/49 *(a)* | 635000 | 394195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/23/50 *(a)* | 550000 | 479748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 01/13/51 *(a)* | 805000 | 583609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 05/13/60 *(a)* | 475000 | 338960 |
| **Weibo Corp.** | **Weibo Corp.** | **Weibo Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 07/08/30 *(a)* | 275000 | 258616 |
| **WPP LLC** | **WPP LLC** | **WPP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/30/36 *(a)* | 150000 | 147911 |
|  |  | **170689142** |
| ***Consumer Cyclical 1.8%***  | ***Consumer Cyclical 1.8%***  | ***Consumer Cyclical 1.8%***  |
| **Airbnb, Inc.** | **Airbnb, Inc.** | **Airbnb, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/16/29 *(a)* | 250000 | 249718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/16/31 *(a)* | 250000 | 249595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/16/36 *(a)* | 250000 | 250158 |
| **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 12/06/27 *(a)* | 755000 | 745812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/26/30 *(a)* | 330000 | 337399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 02/09/31 *(a)* | 475000 | 429039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/28/34 *(a)* | 270000 | 264055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/26/35 *(a)* | 350000 | 359870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/06/37 *(a)* | 355000 | 322269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 02/09/41 *(a)* | 420000 | 309124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 12/06/47 *(a)* | 530000 | 436572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 02/09/51 *(a)* | 565000 | 377849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 11/26/54 *(a)* | 200000 | 199654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 12/06/57 *(a)* | 300000 | 245514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/09/61 *(a)* | 310000 | 197870 |
| **Amazon.com, Inc.** | **Amazon.com, Inc.** | **Amazon.com, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/13/27 *(a)* | 635000 | 630612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 06/03/27 *(a)* | 300000 | 290514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/22/27 *(a)* | 1145000 | 1131306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 12/01/27 *(a)* | 625000 | 630531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/13/28  | 1000000 | 996030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 05/12/28 *(a)* | 700000 | 666442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/20/28 *(a)* | 785000 | 781648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/13/29 *(a)* | 1000000 | 994970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/13/29 *(a)* | 530000 | 519607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 12/01/29 *(a)* | 590000 | 598885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 06/03/30 *(a)* | 670000 | 599308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/20/30 *(a)* | 760000 | 751458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/13/31 *(a)* | 1500000 | 1489035 |

---

**37**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 05/12/31 *(a)* | 940000 | 842484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/13/32 *(a)* | 785000 | 748631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/01/32 *(a)* | 685000 | 692816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/13/33 *(a)* | 1250000 | 1238425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/20/33 *(a)* | 460000 | 451757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 12/05/34 *(a)* | 420000 | 424775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/20/35 *(a)* | 1070000 | 1048258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/13/36 *(a)* | 1750000 | 1734407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/22/37 *(a)* | 805000 | 725732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/12/41 *(a)* | 850000 | 630215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/05/44 *(a)* | 450000 | 420993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/13/46 *(a)* | 1000000 | 997300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 08/22/47 *(a)* | 1045000 | 836961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 06/03/50 *(a)* | 800000 | 467072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/12/51 *(a)* | 965000 | 630849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/13/52 *(a)* | 750000 | 575482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/20/55 *(a)* | 955000 | 914785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/13/56 *(a)* | 1500000 | 1497015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/22/57 *(a)* | 735000 | 574410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/03/60 *(a)* | 730000 | 399449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/12/61 *(a)* | 600000 | 372306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/13/62 *(a)* | 390000 | 290780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/20/65 *(a)* | 635000 | 599313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/13/66 *(a)* | 1000000 | 1003370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 03/13/76 *(a)* | 1000000 | 994770 |
| **American Honda Finance Corp.** | **American Honda Finance Corp.** | **American Honda Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/09/27  | 260000 | 260218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/09/27  | 205000 | 206002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 10/22/27  | 200000 | 199820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/28  | 200000 | 196238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/03/28  | 200000 | 200088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/24/28  | 310000 | 295328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/07/28  | 335000 | 338668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/01/28  | 185000 | 183566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/15/28  | 295000 | 302413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/08/29  | 220000 | 217287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/12/29  | 350000 | 328146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/13/29  | 200000 | 201352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/05/29  | 200000 | 198270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/05/30  | 150000 | 150119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/17/30  | 235000 | 233134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/04/30  | 190000 | 187245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 10/04/30  | 75000 | 77871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 01/08/31  | 160000 | 156920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 01/13/31  | 200000 | 173012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/10/31  | 300000 | 300873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/23/31  | 230000 | 227994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 07/09/32  | 220000 | 220367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/10/34  | 250000 | 243275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/05/35  | 150000 | 147182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/08/36  | 210000 | 202719 |
| **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/13/29 *(a)* | 200000 | 203746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/01/32 *(a)* | 295000 | 277194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/13/34 *(a)* | 200000 | 204650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 12/01/51 *(a)* | 520000 | 321246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/01/52 *(a)* | 330000 | 247484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/13/54 *(a)* | 270000 | 260499 |
| **AutoNation, Inc.** | **AutoNation, Inc.** | **AutoNation, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/15/27 *(a)* | 210000 | 207310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 08/01/28 *(a)* | 195000 | 183713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 01/15/29 *(a)* | 180000 | 178571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/01/30 *(a)* | 280000 | 278452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 08/01/31 *(a)* | 150000 | 131186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/01/32 *(a)* | 165000 | 153513 |
| **AutoZone, Inc.** | **AutoZone, Inc.** | **AutoZone, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/01/27 *(a)* | 200000 | 198632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/01/28 *(a)* | 270000 | 281972 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/18/29 *(a)* | 210000 | 205678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/15/29 *(a)* | 175000 | 178010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/30 *(a)* | 280000 | 273613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/15/31 *(a)* | 150000 | 130370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/01/32 *(a)* | 225000 | 223322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/01/33 *(a)* | 220000 | 217248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 11/01/33 *(a)* | 200000 | 217884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/15/34 *(a)* | 340000 | 345627 |
| **Best Buy Co., Inc.** | **Best Buy Co., Inc.** | **Best Buy Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 10/01/28 *(a)* | 295000 | 295310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 10/01/30 *(a)* | 200000 | 178126 |
| **Block Financial LLC** | **Block Financial LLC** | **Block Financial LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/15/28 *(a)* | 200000 | 188962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/30 *(a)* | 200000 | 188578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 09/15/32 *(a)* | 100000 | 97146 |
| **Booking Holdings, Inc.** | **Booking Holdings, Inc.** | **Booking Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/15/28 *(a)* | 155000 | 153177 |
| **BorgWarner, Inc.** | **BorgWarner, Inc.** | **BorgWarner, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 07/01/27 *(a)* | 325000 | 318097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/29 *(a)* | 150000 | 151776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/15/34 *(a)* | 170000 | 172300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/45 *(a)* | 150000 | 123020 |
| **California Endowment** | **California Endowment** | **California Endowment** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/01/51 *(a)* | 200000 | 117722 |
| **CBRE Services, Inc.** | **CBRE Services, Inc.** | **CBRE Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/15/30 *(a)* | 250000 | 250605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/01/31 *(a)* | 200000 | 178998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/33 *(a)* | 230000 | 227461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/15/34 *(a)* | 300000 | 312633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/35 *(a)* | 250000 | 252647 |
| **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 12/01/29 *(a)* | 185000 | 177330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 01/15/31 *(a)* | 220000 | 206556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 08/01/34 *(a)* | 125000 | 126048 |
| **Costco Wholesale Corp.** | **Costco Wholesale Corp.** | **Costco Wholesale Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/18/27 *(a)* | 500000 | 495590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 06/20/27 *(a)* | 300000 | 290976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 04/20/30 *(a)* | 400000 | 361888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 04/20/32 *(a)* | 450000 | 389250 |
| **Cummins, Inc.** | **Cummins, Inc.** | **Cummins, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/20/29 *(a)* | 170000 | 172946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 09/01/30 *(a)* | 295000 | 261308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/15/31 *(a)* | 200000 | 202172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/20/34 *(a)* | 200000 | 203414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/09/35 *(a)* | 300000 | 306084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/01/43 *(a)* | 190000 | 178127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 09/01/50 *(a)* | 240000 | 142819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/20/54 *(a)* | 335000 | 324317 |
| **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 05/01/27 *(a)* | 180000 | 178843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/15/29 *(a)* | 310000 | 309560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 10/10/33 *(a)(c)* | 100000 | 107099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/15/48 *(a)* | 85000 | 68202 |
| **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/29 *(a)(e)* | 165000 | 160665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 01/15/32 *(a)* | 215000 | 195669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 01/15/52 *(a)* | 230000 | 163022 |
| **Dollar General Corp.** | **Dollar General Corp.** | **Dollar General Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/01/28 *(a)* | 185000 | 183884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/05/28 *(a)* | 75000 | 75947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/03/30 *(a)* | 300000 | 285981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/32 *(a)* | 230000 | 228891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/05/33 *(a)* | 300000 | 303744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/03/50 *(a)* | 145000 | 109363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/01/52 *(a)* | 130000 | 120956 |

---

**38**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Dollar Tree, Inc.** | **Dollar Tree, Inc.** | **Dollar Tree, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/15/28 *(a)* | 325000 | 322946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 12/01/31 *(a)* | 260000 | 231514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/01/51 *(a)* | 165000 | 106945 |
| **DR Horton, Inc.** | **DR Horton, Inc.** | **DR Horton, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 10/15/27 *(a)* | 225000 | 215602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/30 *(a)* | 160000 | 161408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/34 *(a)* | 200000 | 197526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/35 *(a)* | 200000 | 203192 |
| **eBay, Inc.** | **eBay, Inc.** | **eBay, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 06/05/27 *(a)* | 300000 | 297414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 11/22/27 *(a)* | 175000 | 179062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/06/29 *(a)* | 180000 | 179219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/11/30 *(a)* | 225000 | 209714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 05/10/31 *(a)* | 250000 | 225748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 11/22/32 *(a)* | 130000 | 140191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/06/35 *(a)* | 120000 | 118434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/15/42 *(a)* | 225000 | 180790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 05/10/51 *(a)* | 345000 | 243918 |
| **Expedia Group, Inc.** | **Expedia Group, Inc.** | **Expedia Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/01/27 *(a)* | 225000 | 225209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/15/28 *(a)* | 280000 | 276352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/15/30 *(a)* | 400000 | 378492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/15/31 *(a)* | 255000 | 233881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/15/35 *(a)* | 300000 | 297789 |
| **Ford Foundation** | **Ford Foundation** | **Ford Foundation** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.42%, 06/01/50 *(a)* | 155000 | 92481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.82%, 06/01/70 *(a)(c)* | 225000 | 128257 |
| **Ford Motor Co.** | **Ford Motor Co.** | **Ford Motor Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/01/28  | 200000 | 206930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 04/22/30 *(a)* | 200000 | 227728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 07/16/31  | 265000 | 286253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/12/32 *(a)* | 680000 | 591036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 08/19/32 *(a)* | 610000 | 615057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/43  | 610000 | 460892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.40%, 11/01/46  | 125000 | 126781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 12/08/46 *(a)* | 410000 | 321280 |
| **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/17/27 *(a)* | 450000 | 453343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/28/27 *(a)* | 450000 | 449878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/17/27 *(a)* | 495000 | 488837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 11/02/27 *(a)* | 325000 | 318740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 11/04/27 *(a)* | 505000 | 521175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 02/16/28 *(a)* | 315000 | 302520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.92%, 03/20/28 *(a)* | 250000 | 253255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 05/12/28 *(a)* | 470000 | 484246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 11/07/28 *(a)* | 450000 | 466371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 02/10/29 *(a)* | 225000 | 210400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/08/29 *(a)* | 460000 | 465497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 04/06/29 *(a)* | 470000 | 464322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 05/03/29 *(a)* | 560000 | 555150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/06/29 *(a)* | 465000 | 462921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/07/29 *(a)* | 350000 | 354249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 03/06/30 *(a)* | 330000 | 348483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 06/10/30 *(a)* | 350000 | 368669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 09/05/30 *(a)* | 370000 | 369826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/13/30 *(a)* | 635000 | 591763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 03/05/31 *(a)* | 380000 | 383937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 04/09/31 *(a)* | 400000 | 392780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 06/17/31 *(a)* | 280000 | 252476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 11/05/31 *(a)* | 280000 | 281218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.53%, 03/19/32 *(a)* | 200000 | 205308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/06/33 *(a)* | 320000 | 314173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.12%, 11/07/33 *(a)* | 340000 | 357384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/08/34 *(a)* | 480000 | 475800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/07/35 *(a)* | 365000 | 368384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 10/31/35 *(a)* | 270000 | 259710 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **General Motors Co.** | **General Motors Co.** | **General Motors Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/01/27 *(a)* | 335000 | 333385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 10/01/27 *(a)* | 300000 | 308622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/15/28 *(a)* | 200000 | 202942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/28 *(a)* | 300000 | 302388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/15/29 *(a)* | 375000 | 383426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/15/30 *(a)* | 200000 | 205644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 10/15/32 *(a)* | 480000 | 491578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/35  | 350000 | 335681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 04/01/36 *(a)* | 435000 | 463066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/01/38 *(a)* | 300000 | 281271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/02/43  | 430000 | 423498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/45  | 365000 | 317065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/01/46 *(a)* | 250000 | 259012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/01/48 *(a)* | 290000 | 254313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/49 *(a)* | 280000 | 262170 |
| **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/09/27 *(a)* | 400000 | 401908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/08/27  | 300000 | 302790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/27  | 200000 | 201174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/15/27  | 300000 | 302868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 08/20/27 *(a)* | 300000 | 292746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 01/05/28 *(a)* | 200000 | 197608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/09/28 *(a)* | 300000 | 306789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/04/28  | 350000 | 353167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 04/10/28 *(a)* | 325000 | 311746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 06/23/28 *(a)* | 270000 | 276618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 10/15/28 *(a)* | 395000 | 374424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/27/28  | 500000 | 495115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/07/29 *(a)* | 500000 | 514735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/17/29 *(a)* | 150000 | 153495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 04/06/29 *(a)* | 350000 | 346517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 07/15/29 *(a)* | 340000 | 348082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/06/29 *(a)* | 200000 | 201056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/07/30 *(a)* | 350000 | 356401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/06/30 *(a)* | 250000 | 258997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 06/21/30 *(a)* | 410000 | 390381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/15/30 *(a)* | 250000 | 255940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 01/08/31 *(a)* | 325000 | 289630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/08/31 *(a)* | 280000 | 276083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/08/31 *(a)* | 205000 | 211496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/10/31 *(a)* | 450000 | 403893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/18/31 *(a)* | 275000 | 281550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/12/32 *(a)* | 525000 | 471224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/04/32 *(a)* | 235000 | 240468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 01/09/33 *(a)* | 395000 | 418739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 01/07/34 *(a)* | 530000 | 551131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/04/34 *(a)* | 360000 | 369788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/06/34 *(a)* | 225000 | 223400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 01/07/35 *(a)* | 350000 | 356482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 07/15/35 *(a)* | 200000 | 206868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/08/36 *(a)(c)* | 190000 | 187274 |
| **Genuine Parts Co.** | **Genuine Parts Co.** | **Genuine Parts Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/01/28 *(a)* | 80000 | 82948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/29 *(a)* | 325000 | 323859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 11/01/30 *(a)* | 230000 | 198495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 02/01/32 *(a)* | 295000 | 255523 |
| **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/01/28 *(a)* | 160000 | 162645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/15/29 *(a)* | 260000 | 262543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/30 *(a)* | 200000 | 192288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/31 *(a)* | 325000 | 307661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/32 *(a)* | 235000 | 209923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/33 *(a)* | 180000 | 176503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/01/33 *(a)* | 120000 | 126830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/15/34 *(a)* | 175000 | 172352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/01/36 *(a)* | 200000 | 194666 |

---

**39**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/01/37 *(a)* | 200000 | 193638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 09/15/54 *(a)(c)* | 120000 | 116920 |
| **Harley-Davidson, Inc.** | **Harley-Davidson, Inc.** | **Harley-Davidson, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/28/45 *(a)* | 135000 | 105624 |
| **Home Depot, Inc.** | **Home Depot, Inc.** | **Home Depot, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/15/27 *(a)* | 240000 | 236256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 04/15/27 *(a)* | 270000 | 266744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/25/27 *(a)* | 250000 | 252420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 09/14/27 *(a)* | 150000 | 147581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.90%, 03/15/28 *(a)* | 215000 | 202674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 09/15/28 *(a)* | 325000 | 306501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/15/28 *(a)* | 150000 | 149135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 12/06/28 *(a)* | 300000 | 298770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/15/29 *(a)* | 250000 | 254887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/15/29 *(a)* | 590000 | 567881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/25/29 *(a)* | 300000 | 304806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/15/30 *(a)* | 450000 | 423436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/15/30 *(a)* | 265000 | 261791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 03/15/31 *(a)* | 425000 | 367548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/25/31 *(a)* | 325000 | 332384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 09/15/31 *(a)* | 340000 | 297925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/15/32 *(a)* | 400000 | 373780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/32 *(a)* | 450000 | 449860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/25/34 *(a)* | 525000 | 529357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/15/35 *(a)* | 290000 | 283240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 12/16/36  | 925000 | 985486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/15/40 *(a)* | 435000 | 347922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/15/40 *(a)* | 206000 | 207312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/41 *(a)* | 250000 | 263617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/01/43 *(a)* | 250000 | 211813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/44 *(a)* | 300000 | 274854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/45 *(a)* | 325000 | 275818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/46 *(a)* | 490000 | 405446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/15/47 *(a)* | 360000 | 279644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/06/48 *(a)* | 455000 | 383342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 12/15/49 *(a)* | 450000 | 299025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/15/50 *(a)* | 505000 | 348713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/51 *(a)* | 375000 | 210536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/15/51 *(a)* | 300000 | 181209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/15/52 *(a)* | 620000 | 443257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/52 *(a)* | 325000 | 290082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/25/54 *(a)* | 455000 | 426148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/15/56 *(a)* | 377000 | 258106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/25/64 *(a)* | 145000 | 136310 |
| **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 07/08/28 *(a)* | 280000 | 279367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 07/08/30 *(a)* | 350000 | 347350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 03/10/32 *(a)* | 310000 | 277614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 07/08/35 *(a)* | 250000 | 247498 |
| **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/30/28 *(a)* | 100000 | 101056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 09/15/28 *(a)* | 215000 | 213564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/30/29 *(a)* | 175000 | 177870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/23/30 *(a)(g)* | 160000 | 164734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/30/32 *(a)* | 275000 | 282689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/30/34 *(a)* | 100000 | 101056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 12/15/35 *(a)* | 120000 | 117655 |
| **JD.com, Inc.** | **JD.com, Inc.** | **JD.com, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 01/14/30 *(a)(c)* | 250000 | 241840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/14/50 *(a)* | 20000 | 16422 |
| **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 06/01/27 *(a)* | 335000 | 339455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 06/15/28 *(a)* | 365000 | 370019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 08/08/29 *(a)* | 355000 | 342738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/15/29 *(a)* | 190000 | 195523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 08/15/34 *(a)* | 190000 | 195303 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Lear Corp.** | **Lear Corp.** | **Lear Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/15/27 *(a)* | 250000 | 247783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/29 *(a)* | 185000 | 182397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/30/30 *(a)* | 90000 | 85701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 01/15/32 *(a)* | 135000 | 119479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/49 *(a)* | 200000 | 178544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 01/15/52 *(a)* | 100000 | 66434 |
| **Lennar Corp.** | **Lennar Corp.** | **Lennar Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/27 *(a)* | 185000 | 185470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/29/27 *(a)* | 250000 | 250527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/30/30 *(a)* | 50000 | 50589 |
| **LKQ Corp.** | **LKQ Corp.** | **LKQ Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/15/28 *(a)* | 290000 | 295240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/15/33 *(a)* | 200000 | 206044 |
| **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/01/27 *(a)* | 200000 | 198260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/03/27 *(a)* | 510000 | 504064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 10/15/27  | 190000 | 189426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 04/15/28 *(a)* | 350000 | 329896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 09/15/28 *(a)* | 225000 | 211482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/28 *(a)* | 220000 | 218247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/29  | 176000 | 185817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 04/05/29 *(a)* | 547000 | 535229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/30 *(a)* | 415000 | 415755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 10/15/30 *(a)* | 345000 | 304614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/31 *(a)* | 320000 | 314573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 04/01/31 *(a)* | 525000 | 477214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/32 *(a)* | 445000 | 421562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/32 *(a)* | 405000 | 398350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/33 *(a)* | 425000 | 428175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 07/01/33 *(a)* | 225000 | 227887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/35 *(a)* | 400000 | 389664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/35  | 240000 | 245724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/40 *(a)* | 140000 | 132511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 09/15/41 *(a)* | 130000 | 91703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 04/15/42 *(a)* | 150000 | 133280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 09/15/45 *(a)* | 195000 | 159762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/15/46 *(a)* | 400000 | 295776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/03/47 *(a)* | 460000 | 353593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/05/49 *(a)* | 180000 | 147440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 04/15/50 *(a)* | 130000 | 115092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/15/50 *(a)* | 645000 | 399210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/51 *(a)* | 175000 | 119203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/52 *(a)* | 465000 | 356929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/15/53 *(a)* | 465000 | 440243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/01/53 *(a)* | 165000 | 159319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 04/01/62 *(a)* | 405000 | 307237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/15/62 *(a)* | 315000 | 301606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/01/63 *(a)* | 150000 | 143880 |
| **Magna International, Inc.** | **Magna International, Inc.** | **Magna International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/14/29 *(a)* | 270000 | 273877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 06/15/30 *(a)* | 125000 | 114856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/21/33 *(a)* | 330000 | 338959 |
| **Marriott International, Inc.** | **Marriott International, Inc.** | **Marriott International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/15/27  | 120000 | 119891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/27 *(a)* | 250000 | 252332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/28 *(a)* | 45000 | 44670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 10/15/28 *(a)* | 200000 | 205312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 12/01/28 *(a)* | 215000 | 216200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/15/29 *(a)* | 200000 | 202322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/15/29 *(a)* | 175000 | 176955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/30 *(a)* | 150000 | 151305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/15/30 *(a)* | 500000 | 500450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 04/15/31 *(a)* | 395000 | 361899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/31 *(a)* | 150000 | 148287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/15/32 *(a)* | 150000 | 152549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/15/32 *(a)* | 485000 | 446336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/01/33 *(a)* | 100000 | 96614 |

---

**40**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/15/33 *(a)* | 50000 | 43250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/34 *(a)* | 335000 | 338464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/35 *(a)* | 325000 | 327239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/15/35 *(a)* | 180000 | 179233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/37 *(a)* | 500000 | 498905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/01/38 *(a)* | 100000 | 95135 |
| **McDonald's Corp.** | **McDonald's Corp.** | **McDonald's Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/01/27 *(a)* | 300000 | 297432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/01/28 *(a)* | 350000 | 347606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/14/28 *(a)* | 250000 | 253152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/17/29 *(a)* | 150000 | 153456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 09/01/29 *(a)* | 300000 | 284484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 03/01/30 *(a)* | 305000 | 280374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/30 *(a)* | 150000 | 151424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 07/01/30 *(a)* | 350000 | 340207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/12/31 *(a)* | 160000 | 159656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/09/32 *(a)* | 290000 | 291061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/14/33 *(a)* | 130000 | 132202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/03/35 *(a)* | 265000 | 263906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/09/35 *(a)* | 225000 | 220635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/13/36 *(a)* | 220000 | 219355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 10/15/37  | 280000 | 307241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 03/01/38  | 310000 | 338557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 02/01/39  | 163000 | 169139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/15/40  | 260000 | 244566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 02/15/42  | 150000 | 120666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/01/43  | 165000 | 127253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/26/45 *(a)* | 225000 | 194479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 12/09/45 *(a)* | 570000 | 508252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/01/47 *(a)* | 190000 | 158618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/01/48 *(a)* | 255000 | 210867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/01/49 *(a)* | 545000 | 393081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/01/50 *(a)* | 290000 | 229097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/09/52 *(a)* | 250000 | 226673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/14/53 *(a)* | 155000 | 147157 |
| **MercadoLibre, Inc.** | **MercadoLibre, Inc.** | **MercadoLibre, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 01/14/31 *(a)(c)* | 200000 | 182488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/33 *(a)* | 305000 | 294477 |
| **Mercedes-Benz Finance North America LLC** | **Mercedes-Benz Finance North America LLC** | **Mercedes-Benz Finance North America LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 01/18/31  | 450000 | 522166 |
| **Meritage Homes Corp.** | **Meritage Homes Corp.** | **Meritage Homes Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/06/27 *(a)* | 155000 | 155456 |
| **Nature Conservancy** | **Nature Conservancy** | **Nature Conservancy** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 03/01/52 *(a)* | 160000 | 126019 |
| **NIKE, Inc.** | **NIKE, Inc.** | **NIKE, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 03/27/30 *(a)* | 500000 | 472440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/27/40 *(a)* | 300000 | 236748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/01/43 *(a)* | 125000 | 97550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/01/45 *(a)* | 335000 | 262777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/01/46 *(a)* | 255000 | 182973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/27/50 *(a)* | 475000 | 331493 |
| **NVR, Inc.** | **NVR, Inc.** | **NVR, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/30 *(a)* | 250000 | 235533 |
| **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/01/27 *(a)* | 250000 | 247525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/01/28 *(a)* | 309000 | 309216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/01/29 *(a)* | 270000 | 265926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 03/15/31 *(a)* | 250000 | 218075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/15/32 *(a)* | 250000 | 248773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/19/34 *(a)* | 270000 | 267554 |
| **PACCAR Financial Corp.** | **PACCAR Financial Corp.** | **PACCAR Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/13/27  | 160000 | 161704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/23/27  | 120000 | 120432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 08/06/27  | 275000 | 276754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/10/28  | 200000 | 202036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/03/28  | 200000 | 201730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/08/28  | 145000 | 144923 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/07/28  | 215000 | 214407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/31/29  | 200000 | 202882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 02/05/29  | 175000 | 173740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/26/29  | 150000 | 149112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/22/34  | 205000 | 207581 |
| **PulteGroup, Inc.** | **PulteGroup, Inc.** | **PulteGroup, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 06/15/32  | 120000 | 137545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/15/33  | 180000 | 193138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/15/35  | 150000 | 156743 |
| **PVH Corp.** | **PVH Corp.** | **PVH Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/13/30 *(a)* | 150000 | 151455 |
| **Ralph Lauren Corp.** | **Ralph Lauren Corp.** | **Ralph Lauren Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/15/30 *(a)* | 200000 | 188560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/32 *(a)* | 275000 | 279427 |
| **Rockefeller Foundation** | **Rockefeller Foundation** | **Rockefeller Foundation** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.49%, 10/01/50 *(a)* | 285000 | 171687 |
| **Rollins, Inc.** | **Rollins, Inc.** | **Rollins, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/24/35 *(a)* | 190000 | 189742 |
| **Ross Stores, Inc.** | **Ross Stores, Inc.** | **Ross Stores, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 04/15/31 *(a)* | 250000 | 219325 |
| **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 10/15/27  | 240000 | 250306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/33 *(a)* | 300000 | 289788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/15/36 *(a)* | 530000 | 521059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/27/38 *(a)* | 300000 | 285768 |
| **Sands China Ltd.** | **Sands China Ltd.** | **Sands China Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/08/28 *(a)(g)* | 605000 | 609174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 03/08/29 *(a)(g)* | 315000 | 296626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/18/30 *(a)(g)* | 300000 | 289278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/08/31 *(a)(g)* | 95000 | 85814 |
| **Sekisui House U.S., Inc.** | **Sekisui House U.S., Inc.** | **Sekisui House U.S., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 01/15/30 *(a)* | 120000 | 114491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/15/31 *(a)* | 120000 | 106206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/43 *(a)* | 150000 | 137279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 08/06/61 *(a)* | 190000 | 125596 |
| **Starbucks Corp.** | **Starbucks Corp.** | **Starbucks Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/28 *(a)* | 160000 | 157566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/28 *(a)* | 350000 | 350752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/28 *(a)* | 350000 | 347291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 08/15/29 *(a)* | 355000 | 345979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/12/30 *(a)* | 220000 | 201815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/30 *(a)* | 100000 | 101274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 11/15/30 *(a)* | 375000 | 343331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/15/31 *(a)* | 145000 | 146904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/14/32 *(a)* | 300000 | 273834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/33 *(a)* | 190000 | 189795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/34 *(a)* | 150000 | 150777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/15/35 *(a)* | 100000 | 102328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/45 *(a)* | 200000 | 163450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/01/47 *(a)* | 185000 | 136650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/48 *(a)* | 305000 | 252025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 08/15/49 *(a)* | 305000 | 249023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 03/12/50 *(a)* | 130000 | 87853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/50 *(a)* | 350000 | 241287 |
| **Tapestry, Inc.** | **Tapestry, Inc.** | **Tapestry, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/15/27 *(a)* | 310000 | 308577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 03/15/32 *(a)* | 290000 | 263004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/11/35 *(a)* | 250000 | 250910 |
| **Target Corp.** | **Target Corp.** | **Target Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/15/28 *(a)* | 175000 | 175914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/15/29 *(a)* | 345000 | 337220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 02/15/30 *(a)* | 135000 | 125767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 09/15/30 *(a)* | 285000 | 265238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/32 *(a)(c)* | 375000 | 378172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 11/01/32  | 150000 | 164375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/33 *(a)* | 180000 | 179158 |

---

**41**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/34 *(a)* | 95000 | 92629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/36 *(a)* | 140000 | 141942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/15/37  | 165000 | 184729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/15/38  | 270000 | 312976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/42  | 390000 | 324051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/15/46  | 200000 | 150982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/15/47 *(a)* | 240000 | 187154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 01/15/52 *(a)* | 300000 | 189930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/15/53 *(a)* | 385000 | 338858 |
| **TJX Cos., Inc.** | **TJX Cos., Inc.** | **TJX Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 05/15/28 *(a)* | 150000 | 140921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/15/30 *(a)* | 250000 | 245953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/50 *(a)* | 150000 | 128469 |
| **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 02/15/28 *(a)* | 120000 | 119609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/01/29 *(a)* | 205000 | 199551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/15/35 *(a)* | 140000 | 142967 |
| **Toyota Motor Corp.** | **Toyota Motor Corp.** | **Toyota Motor Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 06/30/27 *(a)* | 160000 | 160229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 07/13/28 *(a)* | 150000 | 152799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 07/20/28  | 275000 | 272343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.76%, 07/02/29  | 220000 | 209783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/30/30 *(a)* | 150000 | 150185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 07/13/33 *(a)* | 155000 | 158624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/30/35 *(a)* | 150000 | 151632 |
| **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 08/13/27  | 350000 | 336535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/20/27  | 440000 | 442728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 10/08/27  | 370000 | 371099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/10/27  | 125000 | 127463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 01/11/28  | 250000 | 245485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/12/28  | 240000 | 238457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/12/28  | 325000 | 328341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 04/06/28  | 215000 | 206015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/05/28  | 240000 | 239266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/11/28  | 250000 | 255997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/05/29  | 265000 | 267735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 01/08/29  | 200000 | 196924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/16/29  | 340000 | 347259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/29/29  | 200000 | 200738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/09/29  | 250000 | 251597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/09/30  | 245000 | 249261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 02/13/30  | 275000 | 252780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/01/30  | 600000 | 576408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/30  | 200000 | 202432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/17/30  | 200000 | 201202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/20/30  | 300000 | 312579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/10/31  | 315000 | 276072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 01/10/31  | 230000 | 226932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/21/31  | 255000 | 260911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 09/12/31  | 185000 | 161248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 10/10/31  | 200000 | 199898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/03/32  | 210000 | 208587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/12/33  | 250000 | 249123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/11/33  | 275000 | 270845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/05/34  | 265000 | 263548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/09/35  | 200000 | 204810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/11/36  | 260000 | 253874 |
| **Tractor Supply Co.** | **Tractor Supply Co.** | **Tractor Supply Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 11/01/30 *(a)* | 200000 | 176506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/33 *(a)* | 200000 | 203184 |
| **Uber Technologies, Inc.** | **Uber Technologies, Inc.** | **Uber Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/15/30 *(a)* | 350000 | 347088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/15/31 *(a)* | 290000 | 283788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/15/34 *(a)* | 525000 | 513686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/15/35 *(a)* | 370000 | 359884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 09/15/54 *(a)* | 250000 | 230428 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **UL Solutions, Inc.** | **UL Solutions, Inc.** | **UL Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/20/28 *(a)(e)* | 90000 | 94361 |
| **VICI Properties LP** | **VICI Properties LP** | **VICI Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/28 *(a)* | 585000 | 585866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/30 *(a)* | 300000 | 299415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/15/31 *(a)* | 200000 | 198698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/32 *(a)* | 430000 | 424380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/34 *(a)* | 200000 | 201988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/01/35 *(a)* | 250000 | 248898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/52 *(a)* | 335000 | 299142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 04/01/54 *(a)* | 150000 | 143256 |
| **Walmart, Inc.** | **Walmart, Inc.** | **Walmart, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/05/27  | 100000 | 102124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/28/27  | 250000 | 250560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/09/27 *(a)* | 300000 | 300234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/15/28 *(a)* | 250000 | 249945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/26/28 *(a)* | 550000 | 547266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 09/22/28 *(a)* | 260000 | 245422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 07/08/29 *(a)* | 370000 | 361804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 09/24/29 *(a)* | 85000 | 80361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.55%, 02/15/30  | 175000 | 196401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/30 *(a)* | 165000 | 164751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/28/30 *(a)* | 295000 | 297971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 09/22/31 *(a)* | 690000 | 612340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/09/32 *(a)* | 365000 | 363726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/15/33 *(a)* | 410000 | 405031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/28/35 *(a)* | 450000 | 456340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/35  | 465000 | 485697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/15/37  | 285000 | 326459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 04/15/38  | 200000 | 222886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 06/28/38 *(a)* | 210000 | 194517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/01/40  | 195000 | 206025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/25/40  | 105000 | 106015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/15/41  | 320000 | 336317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/22/41 *(a)* | 250000 | 179428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/11/43 *(a)* | 160000 | 136712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 04/22/44 *(a)* | 165000 | 146510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 12/15/47 *(a)* | 150000 | 115794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 06/29/48 *(a)* | 585000 | 478641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/24/49 *(a)* | 220000 | 147061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 09/22/51 *(a)* | 350000 | 216101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/09/52 *(a)* | 245000 | 212256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/53 *(a)* | 495000 | 429383 |
|  |  | **175705166** |
| ***Consumer Non-Cyclical 3.5%***  | ***Consumer Non-Cyclical 3.5%***  | ***Consumer Non-Cyclical 3.5%***  |
| **Abbott Laboratories** | **Abbott Laboratories** | **Abbott Laboratories** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 01/30/28 *(a)* | 210000 | 199481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/09/29 *(a)* | 700000 | 691698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 06/30/30 *(a)* | 100000 | 88937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/31 *(a)* | 750000 | 738030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/33 *(a)* | 750000 | 734317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/36 *(a)* | 1200000 | 1172964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/30/36 *(a)* | 500000 | 491780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 11/30/37  | 240000 | 262956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/38 *(a)* | 700000 | 679336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/01/39  | 180000 | 194474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/27/40  | 270000 | 273235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/43 *(a)* | 275000 | 253564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/30/46 *(a)* | 930000 | 855312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/56 *(a)* | 1200000 | 1177500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/15/66 *(a)* | 700000 | 683382 |
| **AbbVie, Inc.** | **AbbVie, Inc.** | **AbbVie, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.78%, 03/03/28  | 500000 | 496635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/28 *(a)* | 375000 | 378525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/14/28 *(a)* | 590000 | 591746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/29 *(a)* | 700000 | 711417 |

---

**42**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/21/29 *(a)* | 1865000 | 1796480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/15/30 *(a)* | 300000 | 306066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/31 *(a)* | 400000 | 394384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/31 *(a)* | 555000 | 566966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/33 *(a)* | 400000 | 392504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/34 *(a)* | 860000 | 873167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/35 *(a)* | 550000 | 534143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/35 *(a)* | 465000 | 473621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/14/35 *(a)* | 730000 | 706917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/36 *(a)* | 500000 | 489905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/14/36 *(a)* | 380000 | 359560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 11/21/39 *(a)* | 1170000 | 1027400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/01/42 *(a)* | 245000 | 220191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 11/06/42  | 885000 | 777950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/44 *(a)* | 325000 | 317161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/15/44 *(a)* | 340000 | 309862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/45 *(a)* | 308000 | 276042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/14/45 *(a)* | 810000 | 722455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/14/46 *(a)* | 610000 | 524124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/14/48 *(a)* | 595000 | 534090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/21/49 *(a)* | 1725000 | 1402477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/54 *(a)* | 960000 | 917126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/15/55 *(a)* | 130000 | 127894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/56 *(a)* | 400000 | 391520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/64 *(a)* | 460000 | 439378 |
| **AdventHealth Obligated Group** | **AdventHealth Obligated Group** | **AdventHealth Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 11/15/51 *(a)* | 120000 | 73852 |
| **Adventist Health System** | **Adventist Health System** | **Adventist Health System** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.74%, 12/01/30 *(a)* | 145000 | 144116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 03/01/32 *(a)* | 100000 | 101984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.76%, 12/01/34 *(a)* | 110000 | 113252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/01/49 *(a)* | 165000 | 111916 |
| **Advocate Health & Hospitals Corp.** | **Advocate Health & Hospitals Corp.** | **Advocate Health & Hospitals Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.83%, 08/15/28 *(a)* | 100000 | 99210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.21%, 06/15/30 *(a)* | 100000 | 91611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.27%, 08/15/48 *(a)* | 115000 | 94992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.39%, 10/15/49 *(a)* | 155000 | 110010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.01%, 06/15/50 *(a)* | 120000 | 78373 |
| **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/15/29 *(a)* | 225000 | 213282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 06/04/30 *(a)* | 175000 | 158550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/12/31 *(a)* | 305000 | 273524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/09/34 *(a)* | 175000 | 172543 |
| **Ahold Finance USA LLC** | **Ahold Finance USA LLC** | **Ahold Finance USA LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/01/29  | 150000 | 160269 |
| **AHS Hospital Corp.** | **AHS Hospital Corp.** | **AHS Hospital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 07/01/45  | 130000 | 121425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.78%, 07/01/51 *(a)* | 150000 | 92312 |
| **Allina Health System** | **Allina Health System** | **Allina Health System** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.89%, 04/15/49 *(a)* | 90000 | 69388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 11/15/51 *(a)* | 215000 | 135598 |
| **Altria Group, Inc.** | **Altria Group, Inc.** | **Altria Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/01/28 *(a)* | 165000 | 172181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/14/29 *(a)* | 695000 | 700810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 05/06/30 *(a)* | 365000 | 349079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/06/30 *(a)* | 170000 | 169351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/04/32 *(a)* | 560000 | 491702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/01/33 *(a)* | 120000 | 133122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/06/35 *(a)* | 170000 | 174160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/06/35 *(a)* | 150000 | 149486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 02/14/39 *(a)* | 630000 | 632822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/04/41 *(a)* | 455000 | 344253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/09/42  | 275000 | 224290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/02/43  | 300000 | 249912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/31/44  | 490000 | 455935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/16/46 *(a)* | 505000 | 371503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/14/49 *(a)* | 780000 | 758082 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/06/50 *(a)* | 160000 | 125344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 02/04/51 *(a)* | 400000 | 275748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/04/61 *(a)(c)* | 295000 | 206898 |
| **Amgen, Inc.** | **Amgen, Inc.** | **Amgen, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/02/27 *(a)* | 200000 | 196962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/02/28 *(a)* | 1200000 | 1217844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 08/15/28 *(a)* | 325000 | 306306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/22/29 *(a)* | 250000 | 241337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 08/18/29 *(a)* | 445000 | 440897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/21/30 *(a)* | 400000 | 371888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/02/30 *(a)* | 750000 | 770610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 02/19/31 *(a)* | 300000 | 296049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/25/31 *(a)* | 380000 | 343094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 01/15/32 *(a)* | 345000 | 298708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 02/22/32 *(a)* | 360000 | 334930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/33 *(a)* | 260000 | 251371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/02/33 *(a)* | 1400000 | 1437940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/19/36 *(a)* | 550000 | 540732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/01/37  | 225000 | 245659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 02/01/39  | 135000 | 146308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 02/21/40 *(a)* | 440000 | 342263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/40  | 110000 | 112910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 08/15/41 *(a)* | 230000 | 166145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/01/41  | 140000 | 129742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 11/15/41 *(a)* | 221000 | 210226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/15/42 *(a)* | 215000 | 213536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/02/43 *(a)* | 850000 | 840089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/01/45 *(a)* | 670000 | 565936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/19/46 *(a)* | 150000 | 144434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.56%, 06/15/48 *(a)* | 440000 | 369288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/21/50 *(a)* | 515000 | 363631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 06/15/51 *(a)* | 1125000 | 946541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/52 *(a)* | 320000 | 206746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 02/22/52 *(a)* | 305000 | 236790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/01/53 *(a)* | 365000 | 316174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/02/53 *(a)* | 1260000 | 1221041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.77%, 09/01/53 *(a)* | 287000 | 169588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/19/56 *(a)* | 250000 | 242355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/22/62 *(a)* | 365000 | 282546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/02/63 *(a)* | 850000 | 818082 |
| **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/01/36 *(a)* | 1645000 | 1603168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/01/46 *(a)* | 2630000 | 2373522 |
| **Anheuser-Busch InBev Finance, Inc.** | **Anheuser-Busch InBev Finance, Inc.** | **Anheuser-Busch InBev Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/01/36 *(a)* | 392000 | 383082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/01/44  | 210000 | 185361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/01/46 *(a)* | 425000 | 384077 |
| **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/23/29 *(a)* | 900000 | 911232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/30 *(a)* | 455000 | 440244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/23/31 *(a)* | 250000 | 255865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/34 *(a)* | 330000 | 334366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/35  | 240000 | 256493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/15/38 *(a)* | 315000 | 293797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.20%, 01/15/39  | 345000 | 434293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/23/39 *(a)* | 600000 | 610608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/15/39  | 140000 | 175441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/42  | 690000 | 644605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/15/48 *(a)* | 240000 | 207322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 10/06/48 *(a)* | 555000 | 465645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 01/23/49 *(a)* | 1200000 | 1164420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/50 *(a)* | 255000 | 225185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/58 *(a)* | 220000 | 187581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/23/59 *(a)* | 620000 | 623788 |
| **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/27/30 *(a)* | 250000 | 239630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/01/32 *(a)* | 190000 | 173352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/33 *(a)* | 200000 | 197598 |

---

**43**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 09/15/35  | 245000 | 253198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 03/26/42  | 160000 | 142416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 04/16/43  | 115000 | 95222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/15/47 *(a)* | 190000 | 144983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/49 *(a)* | 50000 | 42250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 09/15/51 *(a)* | 300000 | 179682 |
| **Ascension Health** | **Ascension Health** | **Ascension Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 11/15/28 *(a)* | 150000 | 149558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.53%, 11/15/29 *(a)* | 270000 | 253811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.29%, 11/15/30 *(a)* | 275000 | 272723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 11/15/35 *(a)* | 250000 | 247337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.11%, 11/15/39 *(a)* | 220000 | 173868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 11/15/46  | 360000 | 287003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 11/15/53  | 135000 | 120533 |
| **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/03/28 *(a)* | 330000 | 335376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 05/28/28 *(a)* | 400000 | 380716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/26/29 *(a)* | 460000 | 467710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/03/30 *(a)* | 275000 | 280767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/26/31 *(a)* | 300000 | 306606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/02/31 *(a)* | 200000 | 196590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 05/28/31 *(a)* | 240000 | 216120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/26/34 *(a)* | 500000 | 507615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/02/36 *(a)* | 250000 | 245157 |
| **AstraZeneca PLC** | **AstraZeneca PLC** | **AstraZeneca PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 06/12/27 *(a)* | 175000 | 173350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/17/29 *(a)* | 260000 | 259189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 08/06/30 *(a)* | 480000 | 423912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 09/15/37  | 925000 | 1034187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/18/42  | 350000 | 294175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/16/45  | 355000 | 306894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/17/48 *(a)* | 250000 | 213275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 08/06/50 *(a)* | 180000 | 98658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/28/51 *(a)* | 250000 | 165665 |
| **Augusta SpinCo Corp.** | **Augusta SpinCo Corp.** | **Augusta SpinCo Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 09/23/27  | 650000 | 649688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/23/33 *(a)* | 200000 | 199300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/23/36 *(a)* | 200000 | 200122 |
| **Banner Health** | **Banner Health** | **Banner Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.34%, 01/01/30 *(a)* | 145000 | 134733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 01/01/31 *(a)* | 135000 | 120505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.91%, 01/01/42 *(a)* | 140000 | 102388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.18%, 01/01/50 *(a)* | 25000 | 16878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.91%, 01/01/51 *(a)* | 100000 | 63437 |
| **Baptist Health South Florida Obligated Group** | **Baptist Health South Florida Obligated Group** | **Baptist Health South Florida Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.12%, 11/15/71 *(a)* | 90000 | 51489 |
| **Baptist Healthcare System Obligated Group** | **Baptist Healthcare System Obligated Group** | **Baptist Healthcare System Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 20B<br> 3.54%, 08/15/50 *(a)*<br>| 285000 | 204496 |
| **BAT Capital Corp.** | **BAT Capital Corp.** | **BAT Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/02/27 *(a)* | 250000 | 250580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.56%, 08/15/27 *(a)* | 715000 | 707285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.26%, 03/25/28 *(a)* | 590000 | 566701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.46%, 09/06/29 *(a)* | 200000 | 193276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 04/02/30 *(a)* | 395000 | 399507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 08/02/30 *(a)* | 275000 | 293549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.73%, 03/25/31 *(a)* | 400000 | 365548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.74%, 03/16/32 *(a)* | 345000 | 343872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 08/15/32 *(a)* | 375000 | 385170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 10/19/32 *(a)* | 250000 | 287092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/22/33 *(a)* | 270000 | 264468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.42%, 08/02/33 *(a)* | 275000 | 298592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/20/34 *(a)* | 350000 | 370135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/15/35 *(a)* | 290000 | 298622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.39%, 08/15/37 *(a)* | 765000 | 695584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.73%, 09/25/40 *(a)* | 145000 | 115732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.08%, 08/02/43 *(a)* | 250000 | 275272 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 08/15/47 *(a)* | 715000 | 581002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.76%, 09/06/49 *(a)* | 305000 | 253119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 04/02/50 *(a)* | 225000 | 199764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/16/52 *(a)* | 175000 | 162727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.08%, 08/02/53 *(a)* | 330000 | 366122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 08/15/55 *(a)* | 135000 | 136477 |
| **BAT International Finance PLC** | **BAT International Finance PLC** | **BAT International Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/16/28 *(a)* | 400000 | 400524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.93%, 02/02/29 *(a)* | 350000 | 363251 |
| **Baxalta, Inc.** | **Baxalta, Inc.** | **Baxalta, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/23/45 *(a)* | 173000 | 161551 |
| **Baxter International, Inc.** | **Baxter International, Inc.** | **Baxter International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.27%, 12/01/28 *(a)* | 460000 | 428683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/15/29 *(a)* | 90000 | 88890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/01/30 *(a)* | 210000 | 201411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/15/30 *(a)* | 225000 | 222003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.73%, 04/01/31 *(a)* | 225000 | 188453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54%, 02/01/32 *(a)* | 450000 | 379422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 12/15/35 *(a)* | 310000 | 303028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/15/46 *(a)* | 140000 | 92007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 12/01/51 *(a)* | 235000 | 134413 |
| **BayCare Health System, Inc.** | **BayCare Health System, Inc.** | **BayCare Health System, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br> 3.83%, 11/15/50 *(a)*<br>| 170000 | 129423 |
| **Baylor Scott & White Holdings** | **Baylor Scott & White Holdings** | **Baylor Scott & White Holdings** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.78%, 11/15/30 *(a)* | 120000 | 106786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 11/15/45 *(a)* | 135000 | 112699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 11/15/46 *(a)* | 110000 | 88295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.84%, 11/15/50 *(a)* | 265000 | 168275 |
| **Becton Dickinson & Co.** | **Becton Dickinson & Co.** | **Becton Dickinson & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/06/27 *(a)* | 621000 | 616020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 02/13/28 *(a)* | 290000 | 291459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 02/08/29 *(a)* | 250000 | 252750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.82%, 05/20/30 *(a)* | 325000 | 303381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.96%, 02/11/31 *(a)* | 325000 | 286669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 02/08/34 *(a)* | 170000 | 171100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 12/15/44 *(a)* | 200000 | 175404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.67%, 06/06/47 *(a)* | 200000 | 174568 |
| **Beth Israel Lahey Health, Inc.** | **Beth Israel Lahey Health, Inc.** | **Beth Israel Lahey Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.08%, 07/01/51 *(a)* | 250000 | 163270 |
| **Biogen, Inc.** | **Biogen, Inc.** | **Biogen, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 05/01/30 *(a)* | 500000 | 456810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 01/15/31 *(a)* | 125000 | 127501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/45 *(a)* | 310000 | 280104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/01/50 *(a)* | 545000 | 343781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/15/51 *(a)* | 345000 | 218737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 05/15/55 *(a)* | 270000 | 280606 |
| **Bio-Rad Laboratories, Inc.** | **Bio-Rad Laboratories, Inc.** | **Bio-Rad Laboratories, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/32 *(a)* | 250000 | 232285 |
| **Bon Secours Mercy Health, Inc.** | **Bon Secours Mercy Health, Inc.** | **Bon Secours Mercy Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.46%, 06/01/30 *(a)* | 135000 | 131184 |
| **Boston Scientific Corp.** | **Boston Scientific Corp.** | **Boston Scientific Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/28 *(a)* | 80000 | 79780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/01/30 *(a)* | 350000 | 326210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/15/35 *(f)* | 215000 | 237452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/01/39 *(a)* | 135000 | 126968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 01/15/40  | 100000 | 118588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/01/49 *(a)* | 140000 | 123396 |
| **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 11/13/27 *(a)* | 300000 | 286620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 11/15/27 *(a)* | 230000 | 228063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/22/29 *(a)* | 250000 | 255375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 07/26/29 *(a)* | 405000 | 394389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 11/13/30 *(a)* | 470000 | 413680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/31 *(a)* | 305000 | 322156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/22/31 *(a)* | 445000 | 457709 |

---

**44**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/15/32 *(a)* | 515000 | 471961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/33 *(a)* | 385000 | 413240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/22/34 *(a)* | 800000 | 820592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/15/39 *(a)* | 665000 | 592329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 11/13/40 *(a)* | 500000 | 349665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/15/42 *(a)* | 300000 | 237423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/01/42  | 230000 | 173457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/22/44 *(a)* | 200000 | 196884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/01/44 *(a)* | 50000 | 43315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/44 *(a)* | 230000 | 202310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/45 *(a)* | 200000 | 184112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 11/15/47 *(a)* | 385000 | 317833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/20/48 *(a)* | 406000 | 343947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/26/49 *(a)* | 1130000 | 907571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 11/13/50 *(a)* | 455000 | 266671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/52 *(a)* | 615000 | 444282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/15/53 *(a)* | 150000 | 159974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/22/54 *(a)* | 825000 | 796273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/15/62 *(a)* | 305000 | 216767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 11/15/63 *(a)* | 150000 | 160893 |
| **Brown-Forman Corp.** | **Brown-Forman Corp.** | **Brown-Forman Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/38 *(a)* | 90000 | 79361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/15/45 *(a)* | 285000 | 241580 |
| **Brunswick Corp.** | **Brunswick Corp.** | **Brunswick Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 08/18/31 *(a)* | 215000 | 186515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/15/32 *(a)* | 225000 | 212288 |
| **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/21/27 *(a)* | 130000 | 130715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/25/27 *(a)* | 290000 | 287631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 01/07/28 *(a)* | 125000 | 124478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/17/29 *(a)* | 250000 | 247567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/04/30 *(a)* | 215000 | 214118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 04/21/31 *(a)* | 170000 | 158884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/14/31 *(a)* | 350000 | 318829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/17/34 *(a)* | 240000 | 232387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/04/35 *(a)* | 190000 | 189468 |
| **Campbell's Co.** | **Campbell's Co.** | **Campbell's Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/28 *(a)* | 305000 | 301782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/21/29 *(a)* | 300000 | 302964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 04/24/30 *(a)* | 250000 | 225040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/21/31 *(a)* | 345000 | 334402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/21/34 *(a)* | 335000 | 325171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/23/35 *(a)* | 105000 | 96743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/48 *(a)* | 215000 | 169325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/24/50 *(a)* | 140000 | 83832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/13/54 *(a)* | 100000 | 82665 |
| **Cardinal Health, Inc.** | **Cardinal Health, Inc.** | **Cardinal Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.41%, 06/15/27 *(a)* | 440000 | 434997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/29 *(a)* | 150000 | 152618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/29 *(a)* | 225000 | 228292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/30 *(a)* | 300000 | 298626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/15/34 *(a)* | 130000 | 132956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/15/34 *(a)* | 360000 | 363474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/35 *(a)* | 120000 | 119156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/15/43  | 100000 | 86332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/44 *(a)* | 100000 | 84021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/15/45 *(a)* | 160000 | 141182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.37%, 06/15/47 *(a)* | 175000 | 142032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/54 *(a)* | 200000 | 195608 |
| **Catholic Health Services of Long Island Obligated Group** | **Catholic Health Services of Long Island Obligated Group** | **Catholic Health Services of Long Island Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 07/01/50 *(a)* | 140000 | 95865 |
| **Cedars-Sinai Health System** | **Cedars-Sinai Health System** | **Cedars-Sinai Health System** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.29%, 08/15/31 *(a)* | 175000 | 156693 |
| **Cencora, Inc.** | **Cencora, Inc.** | **Cencora, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 12/15/27 *(a)* | 300000 | 295632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 *(a)* | 60000 | 60250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/13/29 *(a)* | 100000 | 98633 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/15/29 *(a)* | 200000 | 202652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/15/30 *(a)* | 190000 | 177310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/30 *(a)* | 100000 | 98197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/15/31 *(a)* | 300000 | 273678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/13/33 *(a)* | 100000 | 98330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/34 *(a)* | 170000 | 171508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/35 *(a)* | 255000 | 256839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/13/36 *(a)* | 300000 | 294147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/01/45 *(a)* | 170000 | 141136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/15/47 *(a)* | 105000 | 86603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/13/56 *(a)* | 100000 | 97640 |
| **Children's Health System of Texas** | **Children's Health System of Texas** | **Children's Health System of Texas** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.51%, 08/15/50 *(a)* | 125000 | 72996 |
| **Children's Hospital** | **Children's Hospital** | **Children's Hospital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.93%, 07/15/50 *(a)* | 80000 | 51876 |
| **Children's Hospital Corp.** | **Children's Hospital Corp.** | **Children's Hospital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 01/01/47 *(a)* | 130000 | 107591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.59%, 02/01/50 *(a)* | 105000 | 63515 |
| **Children's Hospital Medical Center** | **Children's Hospital Medical Center** | **Children's Hospital Medical Center** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.27%, 05/15/44  | 105000 | 90388 |
| **Children's Hospital of Philadelphia** | **Children's Hospital of Philadelphia** | **Children's Hospital of Philadelphia** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 07/01/50 *(a)* | 190000 | 118416 |
| **CHRISTUS Health** | **CHRISTUS Health** | **CHRISTUS Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 07/01/28 *(a)* | 150000 | 149600 |
| **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/01/27 *(a)* | 210000 | 207150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/15/32 *(a)* | 220000 | 231530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/52 *(a)(c)* | 205000 | 184348 |
| **Cigna Group** | **Cigna Group** | **Cigna Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 10/15/27 *(a)* | 221000 | 217029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/15/28 *(a)* | 1075000 | 1074677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/29 *(a)* | 350000 | 356415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/30 *(a)* | 500000 | 462130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/30 *(a)* | 350000 | 349086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/31 *(a)* | 450000 | 404770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/31 *(a)* | 270000 | 275851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/15/32 *(a)* | 370000 | 370018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/33 *(a)* | 250000 | 257290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/34 *(a)* | 425000 | 430763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/36 *(a)* | 450000 | 451269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/15/38 *(a)* | 680000 | 639785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/15/40 *(a)* | 150000 | 116331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/15/41 *(c)* | 145000 | 150266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 07/15/46 *(a)* | 480000 | 415229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/47 *(a)* | 310000 | 233514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/15/48 *(a)* | 905000 | 786436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/15/50 *(a)* | 440000 | 301083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/15/51 *(a)(c)* | 425000 | 288158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/15/54 *(a)* | 445000 | 421864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/56 *(a)* | 330000 | 331119 |
| **City of Hope** | **City of Hope** | **City of Hope** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 11/15/43  | 100000 | 98416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/15/48 *(a)* | 120000 | 97412 |
| **Cleveland Clinic Foundation** | **Cleveland Clinic Foundation** | **Cleveland Clinic Foundation** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 01/01/14  | 120000 | 100494 |
| **Clorox Co.** | **Clorox Co.** | **Clorox Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 10/01/27 *(a)* | 170000 | 166921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/15/28 *(a)* | 175000 | 173964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/01/29 *(a)* | 150000 | 149814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 05/15/30 *(a)* | 210000 | 187988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/01/32 *(a)* | 200000 | 198554 |
| **Coca-Cola Co.** | **Coca-Cola Co.** | **Coca-Cola Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 05/25/27  | 255000 | 251963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 06/01/27  | 500000 | 485860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 03/05/28  | 120000 | 114702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 03/15/28  | 400000 | 378188 |

---

**45**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 09/06/29  | 410000 | 384941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/25/30  | 425000 | 414307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 06/01/30  | 450000 | 406975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/05/31  | 305000 | 274521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 03/15/31  | 450000 | 392832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/05/32  | 505000 | 452258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/13/34 *(a)* | 250000 | 257480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/14/34 *(a)* | 225000 | 226660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 06/01/40  | 350000 | 256487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/05/41  | 100000 | 75575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/25/50  | 185000 | 152355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 06/01/50  | 500000 | 303885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/05/51  | 615000 | 402985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/15/51  | 450000 | 264883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/13/54 *(a)* | 335000 | 321610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/14/55 *(a)* | 450000 | 426564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 06/01/60  | 305000 | 174875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/13/64 *(a)* | 505000 | 479932 |
| **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/29 *(a)* | 200000 | 204540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/34 *(a)* | 200000 | 205224 |
| **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/22/30 *(a)* | 530000 | 497363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 09/01/32 *(a)* | 260000 | 217064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/26/43  | 270000 | 259294 |
| **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 08/15/27 *(a)* | 210000 | 207736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/15/32 *(a)* | 250000 | 234742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/01/33 *(a)* | 220000 | 222688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/15/45  | 200000 | 168228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/01/47 *(a)* | 147000 | 113853 |
| **CommonSpirit Health** | **CommonSpirit Health** | **CommonSpirit Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.07%, 11/01/27 *(a)* | 150000 | 153705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 10/01/29 *(a)* | 325000 | 311532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 09/01/30 *(a)* | 200000 | 197590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.78%, 10/01/30 *(a)* | 245000 | 226157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 12/01/31 *(a)* | 250000 | 255105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 12/01/34 *(a)* | 235000 | 235891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.83%, 09/01/35 *(a)* | 100000 | 97445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 09/01/35 *(a)* | 175000 | 171024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 11/01/42  | 265000 | 227518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 09/01/45 *(a)* | 100000 | 96443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 10/01/49 *(a)* | 220000 | 162813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 10/01/49 *(a)* | 375000 | 291761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.91%, 10/01/50 *(a)* | 195000 | 143969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.46%, 11/01/52 *(a)* | 110000 | 116863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 12/01/54 *(a)* | 150000 | 141558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 09/01/55 *(a)* | 175000 | 168390 |
| **Community Health Network, Inc.** | **Community Health Network, Inc.** | **Community Health Network, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/01/50 *(a)* | 180000 | 114788 |
| **Conagra Brands, Inc.** | **Conagra Brands, Inc.** | **Conagra Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 11/01/27 *(a)* | 360000 | 342328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/01/28  | 160000 | 168410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 11/01/28 *(a)* | 475000 | 475651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 *(a)* | 80000 | 79890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 09/15/30  | 40000 | 45047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/01/35 *(a)(c)* | 150000 | 150437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 11/01/38 *(a)* | 300000 | 279405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 11/01/48 *(a)* | 300000 | 255318 |
| **Constellation Brands, Inc.** | **Constellation Brands, Inc.** | **Constellation Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/09/27 *(a)* | 155000 | 153441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/09/27 *(a)* | 150000 | 149874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 02/15/28 *(a)* | 285000 | 280819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/15/28 *(a)* | 250000 | 251060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/01/29 *(a)* | 290000 | 277510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/01/30 *(a)* | 200000 | 187320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/01/30 *(a)* | 200000 | 201330 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/01/31 *(a)* | 300000 | 264879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/09/32 *(a)* | 310000 | 308010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/01/33 *(a)* | 155000 | 153080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/01/35 *(a)* | 125000 | 120765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/09/47 *(a)* | 200000 | 163278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/15/48 *(a)* | 175000 | 134283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/48 *(a)* | 105000 | 94567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/01/50 *(a)* | 185000 | 133461 |
| **Corewell Health Obligated Group** | **Corewell Health Obligated Group** | **Corewell Health Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 07/15/49 *(a)* | 130000 | 93691 |
| **Cottage Health Obligated Group** | **Cottage Health Obligated Group** | **Cottage Health Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 11/01/49 *(a)* | 180000 | 124267 |
| **CVS Health Corp.** | **CVS Health Corp.** | **CVS Health Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/01/27 *(a)* | 265000 | 262771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/01/27  | 115000 | 117237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 08/21/27 *(a)* | 650000 | 622862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/25/28 *(a)* | 1552000 | 1547034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/30/29 *(a)* | 315000 | 319032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/01/29 *(a)* | 300000 | 307221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/15/29 *(a)* | 675000 | 647419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/21/30 *(a)* | 400000 | 405888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/30 *(a)* | 590000 | 570613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/21/30 *(a)* | 350000 | 308997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/30/31 *(a)* | 235000 | 240271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/28/31 *(a)* | 455000 | 397624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 06/01/31 *(a)* | 320000 | 330093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 09/15/31 *(a)* | 370000 | 320971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/32 *(a)* | 245000 | 245122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/21/33 *(a)* | 590000 | 597127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/01/33 *(a)* | 395000 | 398772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/01/34 *(a)* | 390000 | 401142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/20/35 *(a)* | 235000 | 226251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/15/35 *(a)* | 515000 | 517086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 03/25/38 *(a)* | 1505000 | 1387384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 09/15/39  | 295000 | 302295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/01/40 *(a)* | 260000 | 217472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 08/21/40 *(a)* | 140000 | 98449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/05/43 *(a)* | 270000 | 245975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/44 *(a)* | 200000 | 196654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/20/45 *(a)* | 965000 | 850117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/25/48 *(a)* | 2400000 | 2060520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/21/53 *(a)* | 400000 | 367320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/01/53 *(a)* | 445000 | 421531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 06/01/54 *(a)* | 295000 | 286755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 09/15/55 *(a)* | 435000 | 430437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/63 *(a)* | 295000 | 279982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 09/15/65 *(a)* | 150000 | 147204 |
| **Danaher Corp.** | **Danaher Corp.** | **Danaher Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 09/15/45 *(a)* | 125000 | 106671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 10/01/50 *(a)* | 415000 | 248481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 12/10/51 *(a)* | 295000 | 182195 |
| **Dartmouth-Hitchcock Health** | **Dartmouth-Hitchcock Health** | **Dartmouth-Hitchcock Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 08/01/48 *(a)* | 120000 | 94481 |
| **Dentsply Sirona, Inc.** | **Dentsply Sirona, Inc.** | **Dentsply Sirona, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/30 *(a)* | 240000 | 221069 |
| **DH Europe Finance II SARL** | **DH Europe Finance II SARL** | **DH Europe Finance II SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 11/15/29 *(a)* | 250000 | 235640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/15/39 *(a)* | 245000 | 196818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 11/15/49 *(a)* | 275000 | 193564 |
| **Diageo Capital PLC** | **Diageo Capital PLC** | **Diageo Capital PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 10/24/27 *(a)* | 300000 | 304875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/18/28 *(a)* | 245000 | 243385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 10/24/29 *(a)* | 325000 | 303937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 04/29/30 *(a)* | 240000 | 217822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 04/29/32 *(a)* | 300000 | 258933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/24/33 *(a)* | 225000 | 232693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 10/05/33 *(a)* | 355000 | 370045 |

---

**46**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 09/30/36  | 200000 | 212142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/29/43 *(a)* | 55000 | 43931 |
| **Diageo Investment Corp.** | **Diageo Investment Corp.** | **Diageo Investment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/15/35 *(a)* | 225000 | 233296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 04/15/35  | 190000 | 222397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/11/42  | 100000 | 85475 |
| **Dignity Health** | **Dignity Health** | **Dignity Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/01/42  | 135000 | 116443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.27%, 11/01/64  | 110000 | 98625 |
| **Duke University Health System, Inc.** | **Duke University Health System, Inc.** | **Duke University Health System, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 06/01/47 *(a)* | 200000 | 157658 |
| **Edwards Lifesciences Corp.** | **Edwards Lifesciences Corp.** | **Edwards Lifesciences Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/28 *(a)* | 200000 | 199804 |
| **Eli Lilly & Co.** | **Eli Lilly & Co.** | **Eli Lilly & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/15/27 *(a)* | 175000 | 173432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/14/27 *(a)* | 245000 | 245443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/12/28 *(a)* | 300000 | 302532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/28 *(a)* | 370000 | 369408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/09/29 *(a)* | 300000 | 303138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/15/29 *(a)* | 305000 | 299068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/14/29 *(a)* | 300000 | 300207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/12/30 *(a)* | 375000 | 382012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/31 *(a)* | 245000 | 244091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/12/32 *(a)* | 345000 | 352983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/15/32 *(a)* | 300000 | 300348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/27/33 *(a)* | 315000 | 317791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/09/34 *(a)* | 465000 | 464684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 08/14/34 *(a)* | 320000 | 317126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/12/35 *(a)* | 375000 | 383119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/15/35 *(a)* | 390000 | 390433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/37  | 150000 | 158691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/01/45 *(a)* | 280000 | 219044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/15/47 *(a)* | 340000 | 271232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/15/49 *(a)* | 300000 | 236211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 05/15/50 *(a)* | 425000 | 239466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/27/53 *(a)* | 275000 | 246111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/09/54 *(a)* | 470000 | 428988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 08/14/54 *(a)* | 375000 | 344299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/12/55 *(a)* | 375000 | 367920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 10/15/55 *(a)* | 330000 | 325321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/59 *(a)* | 205000 | 159711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/15/60 *(a)* | 355000 | 188959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/27/63 *(a)* | 315000 | 277099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/09/64 *(a)* | 485000 | 436849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/14/64 *(a)* | 225000 | 205783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/12/65 *(a)* | 245000 | 239963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 10/15/65 *(a)* | 275000 | 270919 |
| **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/28 *(a)* | 250000 | 250377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 12/01/29 *(a)* | 200000 | 186096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 04/15/30 *(a)* | 250000 | 232220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 03/15/31 *(a)* | 165000 | 145782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/15/33 *(a)* | 250000 | 246102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/14/34 *(a)* | 135000 | 134530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/15/37  | 100000 | 106220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/15/45 *(a)* | 135000 | 110574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/47 *(a)* | 150000 | 116106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 12/01/49 *(a)* | 190000 | 120409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/53 *(a)* | 225000 | 196709 |
| **Flowers Foods, Inc.** | **Flowers Foods, Inc.** | **Flowers Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/31 *(a)* | 360000 | 304794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/35 *(a)* | 150000 | 143229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/15/55 *(a)* | 100000 | 81519 |
| **Fomento Economico Mexicano SAB de CV** | **Fomento Economico Mexicano SAB de CV** | **Fomento Economico Mexicano SAB de CV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/10/43  | 325000 | 281450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/16/50 *(a)* | 500000 | 357820 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Franciscan Missionaries of Our Lady Health System, Inc.** | **Franciscan Missionaries of Our Lady Health System, Inc.** | **Franciscan Missionaries of Our Lady Health System, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.91%, 07/01/49 *(a)* | 100000 | 75152 |
| **Fred Hutchinson Cancer Center** | **Fred Hutchinson Cancer Center** | **Fred Hutchinson Cancer Center** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 01/01/52 *(a)* | 100000 | 90683 |
| **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/15/27 *(a)* | 535000 | 545780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/15/28 *(a)* | 190000 | 188811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/14/29 *(a)* | 350000 | 353227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.86%, 03/15/30 *(a)* | 360000 | 375775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/15/31 *(a)* | 200000 | 201382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.91%, 11/22/32 *(a)* | 595000 | 628487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/35 *(a)* | 250000 | 255010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/15/35 *(a)* | 200000 | 196426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/22/52 *(a)* | 305000 | 324090 |
| **General Mills, Inc.** | **General Mills, Inc.** | **General Mills, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/17/28 *(a)* | 475000 | 472421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/30/30 *(a)* | 240000 | 241546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 04/15/30 *(a)* | 350000 | 326690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 10/14/31 *(a)* | 200000 | 175498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/29/33 *(a)* | 315000 | 311960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/30/35 *(a)* | 250000 | 247180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/15/43 *(a)* | 25000 | 20110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/17/48 *(a)* | 150000 | 125696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/01/51 *(a)* | 306000 | 188245 |
| **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 10/01/27 *(a)* | 300000 | 287607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/29 *(a)* | 205000 | 208926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 10/01/30 *(a)* | 290000 | 258344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/15/33 *(a)* | 300000 | 310527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/15/35 *(a)* | 300000 | 303660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/01/35 *(a)* | 330000 | 322535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/01/36 *(a)* | 275000 | 253671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 10/01/40 *(a)* | 350000 | 253687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 12/01/41 *(a)* | 325000 | 331591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 04/01/44 *(a)* | 515000 | 465890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/01/45 *(a)* | 525000 | 453521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/01/46 *(a)* | 695000 | 618036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/01/47 *(a)* | 555000 | 450049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 10/01/50 *(a)* | 350000 | 217791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 10/15/53 *(a)* | 330000 | 321532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/15/54 *(a)* | 330000 | 320186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/15/64 *(a)* | 220000 | 213550 |
| **GlaxoSmithKline Capital PLC** | **GlaxoSmithKline Capital PLC** | **GlaxoSmithKline Capital PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 06/01/29 *(a)* | 285000 | 277684 |
| **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/15/28  | 505000 | 502475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/30 *(a)* | 250000 | 251540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/15/34  | 205000 | 213516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/15/35 *(a)* | 200000 | 199336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/15/38  | 795000 | 880963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/18/43  | 175000 | 151531 |
| **Hackensack Meridian Health, Inc.** | **Hackensack Meridian Health, Inc.** | **Hackensack Meridian Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.68%, 09/01/41 *(a)* | 150000 | 107241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 07/01/48 *(a)* | 85000 | 69824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 09/01/50 *(a)* | 155000 | 97712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/57 *(a)* | 100000 | 85035 |
| **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/24/29 *(a)* | 350000 | 340592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/24/32 *(a)* | 615000 | 579484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/24/52 *(a)* | 370000 | 284770 |
| **Hartford HealthCare Corp.** | **Hartford HealthCare Corp.** | **Hartford HealthCare Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 07/01/54  | 130000 | 94904 |
| **Hasbro, Inc.** | **Hasbro, Inc.** | **Hasbro, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/15/27 *(a)* | 250000 | 247340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/19/29 *(a)* | 250000 | 243945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 05/14/34 *(a)* | 90000 | 93777 |

---

**47**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 03/15/40  | 200000 | 208074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/15/44 *(a)* | 125000 | 113481 |
| **HCA, Inc.** | **HCA, Inc.** | **HCA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/28 *(a)* | 150000 | 151619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/28 *(a)* | 350000 | 355334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/01/28 *(a)* | 420000 | 428585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/01/29 *(a)* | 300000 | 308664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/15/29 *(a)* | 265000 | 256698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/15/29 *(a)* | 600000 | 592344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/30 *(a)* | 205000 | 209221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/01/30 *(a)* | 785000 | 745648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/15/30 *(a)* | 150000 | 147552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/01/31 *(a)* | 550000 | 564025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 07/15/31 *(a)* | 355000 | 313983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/32 *(a)* | 260000 | 266596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/15/32 *(a)* | 550000 | 510922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/32 *(a)* | 310000 | 301847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/33 *(a)* | 430000 | 438978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/01/34 *(a)* | 475000 | 485374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/15/34 *(a)* | 425000 | 429093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/35 *(a)* | 450000 | 462789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/15/35 *(a)* | 395000 | 382514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/15/39 *(a)* | 350000 | 330134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/42 *(a)* | 160000 | 134347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/47 *(a)* | 445000 | 408915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/49 *(a)* | 610000 | 538538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/15/51 *(a)* | 230000 | 152028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/15/52 *(a)* | 605000 | 482651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 06/01/53 *(a)* | 355000 | 339000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/01/54 *(a)* | 525000 | 508468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/15/54 *(a)* | 305000 | 293599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/01/55 *(a)* | 380000 | 376831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 11/15/55 *(a)* | 340000 | 316537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 04/01/64 *(a)* | 215000 | 208193 |
| **Hershey Co.** | **Hershey Co.** | **Hershey Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/24/28 *(a)* | 190000 | 191512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 11/15/29 *(a)* | 150000 | 140984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/24/30 *(a)* | 190000 | 193116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 06/01/30 *(a)* | 150000 | 135011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/24/32 *(a)* | 190000 | 194423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/04/33 *(a)* | 175000 | 174673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/24/35 *(a)* | 150000 | 153312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/15/49 *(a)* | 185000 | 125191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/01/50 *(a)* | 140000 | 85596 |
| **Hoag Memorial Hospital Presbyterian** | **Hoag Memorial Hospital Presbyterian** | **Hoag Memorial Hospital Presbyterian** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 07/15/52 *(a)* | 180000 | 137027 |
| **Hormel Foods Corp.** | **Hormel Foods Corp.** | **Hormel Foods Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 06/03/28 *(a)* | 220000 | 208597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 06/11/30 *(a)* | 310000 | 278771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 06/03/51 *(a)* | 225000 | 144277 |
| **Icon Investments Six DAC** | **Icon Investments Six DAC** | **Icon Investments Six DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 05/08/27 *(a)* | 290000 | 291482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/08/29 *(a)* | 160000 | 163122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/08/34 *(a)* | 350000 | 354599 |
| **Illumina, Inc.** | **Illumina, Inc.** | **Illumina, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/13/27 *(a)* | 235000 | 239698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/12/30 *(a)* | 175000 | 174248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/23/31 *(a)* | 165000 | 147942 |
| **Indiana University Health, Inc. Obligated Group** | **Indiana University Health, Inc. Obligated Group** | **Indiana University Health, Inc. Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 11/01/48 *(a)* | 140000 | 110501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 11/01/51 *(a)* | 100000 | 62620 |
| **Ingredion, Inc.** | **Ingredion, Inc.** | **Ingredion, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 06/01/30 *(a)* | 190000 | 178057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/01/50 *(a)* | 120000 | 89375 |
| **Integris Baptist Medical Center, Inc.** | **Integris Baptist Medical Center, Inc.** | **Integris Baptist Medical Center, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/50 *(a)* | 140000 | 103030 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Iowa Health System** | **Iowa Health System** | **Iowa Health System** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br> 3.67%, 02/15/50 *(a)*<br>| 175000 | 130407 |
| **IQVIA, Inc.** | **IQVIA, Inc.** | **IQVIA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/15/28 *(a)* | 335000 | 341630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/01/29 *(a)* | 250000 | 259980 |
| **J.M. Smucker Co.** | **J.M. Smucker Co.** | **J.M. Smucker Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/15/27 *(a)* | 50000 | 49173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/28 *(a)* | 300000 | 310368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/30 *(a)* | 200000 | 184508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 03/15/32 *(a)* | 215000 | 184410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/15/33 *(a)* | 315000 | 333872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/35  | 200000 | 184280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/15/43 *(a)* | 220000 | 229869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/45  | 210000 | 171860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/15/53 *(a)* | 290000 | 301429 |
| **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/02/29 *(a)* | 220000 | 211200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/01/31 *(a)* | 190000 | 178131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 01/15/32 *(a)* | 235000 | 217735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/32 *(a)* | 320000 | 284371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/33 *(a)* | 500000 | 516305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/34 *(a)* | 500000 | 549440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/20/35 *(a)* | 300000 | 311373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/36 *(a)* | 375000 | 375334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/02/52 *(a)* | 260000 | 197717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/01/52 *(a)* | 495000 | 501351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 11/15/53 *(a)* | 275000 | 303138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 02/25/55 *(a)* | 230000 | 229478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/01/56 *(a)* | 380000 | 372252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 04/15/66 *(a)* | 375000 | 367080 |
| **Johns Hopkins Health System Corp.** | **Johns Hopkins Health System Corp.** | **Johns Hopkins Health System Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.84%, 05/15/46  | 210000 | 166488 |
| **Johnson & Johnson** | **Johnson & Johnson** | **Johnson & Johnson** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.95%, 09/01/27 *(a)* | 500000 | 480840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 01/15/28 *(a)* | 380000 | 373893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/01/28 *(a)* | 250000 | 252912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/01/29 *(a)* | 535000 | 548669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 09/01/29  | 80000 | 87634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/01/30 *(a)* | 320000 | 327203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 09/01/30 *(a)* | 490000 | 435732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/01/31 *(a)* | 325000 | 335943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/32 *(a)* | 435000 | 447589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/15/33  | 200000 | 208382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 12/05/33 *(a)* | 285000 | 285675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/34 *(a)* | 270000 | 279766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/35 *(a)* | 375000 | 386250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/01/36 *(a)* | 317000 | 289465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/03/37 *(a)* | 500000 | 449165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/15/37  | 300000 | 329307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/15/38 *(a)* | 415000 | 360357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 07/15/38  | 232000 | 252841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 09/01/40 *(a)* | 350000 | 244863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/01/40  | 185000 | 174897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 05/15/41  | 100000 | 98603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/05/43 *(a)* | 100000 | 92372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/01/46 *(a)* | 595000 | 473632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/03/47 *(a)* | 300000 | 237279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/48 *(a)* | 260000 | 196534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 09/01/50 *(a)* | 320000 | 185744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/54 *(a)* | 250000 | 247607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 09/01/60 *(a)* | 410000 | 219903 |
| **Kaiser Foundation Hospitals** | **Kaiser Foundation Hospitals** | **Kaiser Foundation Hospitals** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/01/27 *(a)* | 290000 | 287062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.81%, 06/01/41 *(a)* | 425000 | 310331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/42  | 180000 | 169470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/01/47 *(a)* | 410000 | 334908 |

---

**48**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.27%, 11/01/49 *(a)* | 250000 | 172075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/01/51 *(a)* | 455000 | 292438 |
| **Kellanova** | **Kellanova** | **Kellanova** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/15/28 *(a)* | 260000 | 260224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 06/01/30 *(a)* | 250000 | 227452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 04/01/31  | 200000 | 225624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/46  | 161000 | 136948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/16/54 *(a)* | 145000 | 141403 |
| **Kenvue, Inc.** | **Kenvue, Inc.** | **Kenvue, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/22/28 *(a)* | 350000 | 355505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/22/30 *(a)* | 255000 | 259886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 05/22/32 *(a)* | 275000 | 277846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/22/33 *(a)* | 400000 | 403164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/22/43 *(a)* | 275000 | 260628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/22/53 *(a)* | 400000 | 362276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/22/63 *(a)* | 230000 | 206584 |
| **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.43%, 06/15/27 *(a)* | 440000 | 434654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/15/28 *(a)* | 375000 | 373695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/25/28 *(a)* | 410000 | 410029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/29 *(a)* | 225000 | 227403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/15/29 *(a)* | 150000 | 146979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/01/30 *(a)* | 315000 | 295728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/30 *(a)* | 150000 | 148538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 04/15/32 *(a)* | 275000 | 260447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/15/34 *(a)* | 230000 | 228128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/45 *(a)* | 210000 | 169989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 12/15/46 *(a)* | 150000 | 117485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 05/25/48 *(a)* | 215000 | 185182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 05/01/50 *(a)* | 350000 | 244405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/52 *(a)* | 375000 | 292387 |
| **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.05%, 09/15/27 *(a)* | 200000 | 191810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 11/01/28 *(a)* | 200000 | 198942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 04/25/29 *(a)* | 265000 | 257429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 03/26/30 *(a)* | 200000 | 190808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 11/02/31 *(a)* | 190000 | 168800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/16/33 *(a)* | 160000 | 159872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 08/01/37  | 275000 | 311921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/01/41  | 200000 | 199426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 07/30/46 *(a)* | 210000 | 147078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/04/47 *(a)* | 105000 | 81230 |
| **Koninklijke Ahold Delhaize NV** | **Koninklijke Ahold Delhaize NV** | **Koninklijke Ahold Delhaize NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/01/40  | 193000 | 193305 |
| **Koninklijke Philips NV** | **Koninklijke Philips NV** | **Koninklijke Philips NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/11/38  | 257000 | 283856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/42  | 125000 | 113994 |
| **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/15/27 *(a)* | 400000 | 397368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/30/29 *(a)* | 145000 | 145296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/30 *(a)* | 250000 | 242050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/01/31 *(a)* | 205000 | 200568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/32 *(a)* | 150000 | 151683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/32  | 225000 | 242921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/35 *(a)* | 150000 | 149996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/35 *(a)* | 185000 | 179809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 01/26/39  | 250000 | 270930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/01/39 *(a)* | 125000 | 110560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/09/40  | 200000 | 209458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/04/42  | 390000 | 343344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/15/45 *(a)* | 470000 | 411067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/01/46 *(a)* | 840000 | 656342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/01/49 *(a)* | 330000 | 269785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/50 *(a)* | 300000 | 268107 |
| **Kroger Co.** | **Kroger Co.** | **Kroger Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/01/27 *(a)* | 150000 | 148877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/29 *(a)* | 200000 | 200920 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 05/01/30 *(a)* | 150000 | 137097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 01/15/31 *(a)* | 200000 | 174920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/01/31  | 185000 | 208728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/34 *(a)* | 680000 | 672466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 04/15/38  | 90000 | 102047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/15/40 *(a)* | 140000 | 137126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/42 *(a)* | 125000 | 115636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/01/43 *(a)* | 127000 | 118007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/46 *(a)* | 145000 | 110001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/01/47 *(a)* | 325000 | 267160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/15/48 *(a)* | 150000 | 125666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/15/49 *(a)* | 175000 | 162867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/15/50 *(a)* | 220000 | 163709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/15/54 *(a)* | 645000 | 599702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/15/64 *(a)* | 470000 | 437758 |
| **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/01/27 *(a)* | 200000 | 197964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 12/01/29 *(a)* | 200000 | 189578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/01/30 *(a)* | 100000 | 99190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/01/31 *(a)* | 325000 | 295981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/01/34 *(a)* | 380000 | 370599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/01/45 *(a)* | 250000 | 219157 |
| **Maple Parent Holdings Corp.** | **Maple Parent Holdings Corp.** | **Maple Parent Holdings Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/26/31 *(a)(e)* | 200000 | 199228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/26/36 *(a)(e)* | 200000 | 198572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 03/26/56 *(a)(e)* | 200000 | 198192 |
| **Mass General Brigham, Inc.** | **Mass General Brigham, Inc.** | **Mass General Brigham, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 07/01/48 *(a)* | 135000 | 103198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.19%, 07/01/49 *(a)* | 155000 | 106011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 07/01/55 *(c)* | 100000 | 80078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.34%, 07/01/60 *(a)* | 205000 | 133115 |
| **Mattel, Inc.** | **Mattel, Inc.** | **Mattel, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/17/30 *(a)* | 200000 | 199132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/01/41 *(a)* | 120000 | 109176 |
| **Mayo Clinic** | **Mayo Clinic** | **Mayo Clinic** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 11/15/43  | 75000 | 62337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/47  | 140000 | 112143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/52  | 145000 | 116958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/15/61 *(a)* | 90000 | 56938 |
| **McCormick & Co., Inc.** | **McCormick & Co., Inc.** | **McCormick & Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 08/15/27 *(a)* | 250000 | 247177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/15/29 *(a)* | 150000 | 148556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/15/30 *(a)* | 200000 | 184214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/15/33 *(a)* | 160000 | 158298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 10/15/34 *(a)* | 50000 | 47763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/15/47 *(a)* | 220000 | 170931 |
| **McKesson Corp.** | **McKesson Corp.** | **McKesson Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/15/28 *(a)* | 300000 | 304539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/29 *(a)* | 265000 | 264197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/30/30 *(a)* | 175000 | 176197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/30/32 *(a)* | 200000 | 203326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/15/33 *(a)* | 50000 | 51014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/30/35 *(a)* | 200000 | 204010 |
| **McLaren Health Care Corp.** | **McLaren Health Care Corp.** | **McLaren Health Care Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A<br> 4.39%, 05/15/48 *(a)*<br>| 120000 | 99673 |
| **Mead Johnson Nutrition Co.** | **Mead Johnson Nutrition Co.** | **Mead Johnson Nutrition Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/01/44 *(a)* | 155000 | 134393 |
| **MedStar Health, Inc.** | **MedStar Health, Inc.** | **MedStar Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/15/49  | 90000 | 65048 |
| **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/30/28 *(a)* | 300000 | 300726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/30/33 *(a)* | 320000 | 316461 |

---

**49**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Medtronic, Inc.** | **Medtronic, Inc.** | **Medtronic, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/35  | 560000 | 541856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/43 *(a)* | 100000 | 83989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/15/45  | 570000 | 509654 |
| **Memorial Health Services** | **Memorial Health Services** | **Memorial Health Services** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 11/01/49 *(a)* | 135000 | 95610 |
| **Memorial Sloan-Kettering Cancer Center** | **Memorial Sloan-Kettering Cancer Center** | **Memorial Sloan-Kettering Cancer Center** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/42  | 130000 | 124452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 01/01/50 *(a)* | 200000 | 130882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/01/52  | 115000 | 92544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/01/55  | 165000 | 133901 |
| **Merck & Co., Inc.** | **Merck & Co., Inc.** | **Merck & Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 06/10/27 *(a)* | 480000 | 467707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 09/15/27  | 220000 | 219762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/17/28 *(a)* | 170000 | 170156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 12/10/28 *(a)* | 305000 | 288722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/07/29 *(a)* | 525000 | 514390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/15/29 *(a)* | 400000 | 397172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/17/30 *(a)* | 200000 | 199888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 06/24/30 *(a)* | 360000 | 320933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/15/30 *(a)* | 220000 | 218709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/31 *(a)* | 300000 | 296712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 12/10/31 *(a)* | 600000 | 531138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/15/32 *(a)* | 300000 | 301230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 12/04/32 *(a)* | 310000 | 307938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/17/33 *(a)* | 440000 | 438605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/01/33 *(f)* | 245000 | 272660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/35 *(a)* | 520000 | 521066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/04/35 *(a)* | 460000 | 451697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 09/15/37  | 140000 | 157583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/07/39 *(a)* | 335000 | 294401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 06/24/40 *(a)* | 350000 | 248615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/15/42 *(a)* | 150000 | 119370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/18/43  | 350000 | 295802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/17/44 *(a)* | 275000 | 252783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 02/10/45 *(a)* | 630000 | 491161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/46 *(a)* | 230000 | 225982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/07/49 *(a)* | 450000 | 352939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 06/24/50 *(a)* | 390000 | 226243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 12/10/51 *(a)* | 575000 | 349864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/17/53 *(a)* | 435000 | 392822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/55 *(a)* | 400000 | 397956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 12/04/55 *(a)* | 560000 | 543973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/10/61 *(a)* | 650000 | 372144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/17/63 *(a)* | 295000 | 265134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 12/04/65 *(a)* | 310000 | 302138 |
| **Merck Sharp & Dohme Corp.** | **Merck Sharp & Dohme Corp.** | **Merck Sharp & Dohme Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/01/28  | 110000 | 115355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/36  | 205000 | 219545 |
| **Methodist Hospital** | **Methodist Hospital** | **Methodist Hospital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.71%, 12/01/50 *(a)* | 210000 | 128877 |
| **Molson Coors Beverage Co.** | **Molson Coors Beverage Co.** | **Molson Coors Beverage Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/42  | 325000 | 292422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/15/46 *(a)* | 550000 | 429566 |
| **Mondelez International, Inc.** | **Mondelez International, Inc.** | **Mondelez International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/06/28 *(a)* | 270000 | 269681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/20/29 *(a)* | 200000 | 202144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/13/30 *(a)* | 290000 | 270248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/06/30 *(a)* | 150000 | 149492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/04/31 *(a)* | 280000 | 242239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/17/32 *(a)* | 150000 | 135738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 10/15/32 *(a)* | 235000 | 199764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/28/34 *(a)* | 155000 | 151641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/06/35 *(a)* | 100000 | 100211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 09/04/50 *(a)* | 300000 | 175434 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Montefiore Obligated Group** | **Montefiore Obligated Group** | **Montefiore Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/01/48  | 150000 | 124040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.29%, 09/01/50  | 100000 | 69951 |
| **Mount Nittany Medical Center Obligated Group** | **Mount Nittany Medical Center Obligated Group** | **Mount Nittany Medical Center Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/15/52  | 200000 | 147520 |
| **Mount Sinai Hospital** | **Mount Sinai Hospital** | **Mount Sinai Hospital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.74%, 07/01/49 *(a)(c)* | 125000 | 84368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.39%, 07/01/50 *(a)* | 100000 | 63729 |
| **Mylan, Inc.** | **Mylan, Inc.** | **Mylan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/15/28 *(a)* | 290000 | 288556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 11/29/43 *(a)* | 180000 | 152563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/15/48 *(a)* | 250000 | 198123 |
| **MyMichigan Health** | **MyMichigan Health** | **MyMichigan Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.41%, 06/01/50 *(a)* | 220000 | 151714 |
| **Nationwide Children's Hospital, Inc.** | **Nationwide Children's Hospital, Inc.** | **Nationwide Children's Hospital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.56%, 11/01/52 *(a)* | 75000 | 64152 |
| **New York & Presbyterian Hospital** | **New York & Presbyterian Hospital** | **New York & Presbyterian Hospital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.26%, 08/01/40 *(a)* | 100000 | 69047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 08/01/45  | 280000 | 229076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 08/01/56  | 105000 | 81802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.61%, 08/01/60 *(a)* | 95000 | 52941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/01/19 *(a)* | 95000 | 65012 |
| **Northwell Healthcare, Inc.** | **Northwell Healthcare, Inc.** | **Northwell Healthcare, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.98%, 11/01/46 *(a)* | 175000 | 137944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.26%, 11/01/47 *(a)* | 225000 | 182880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.81%, 11/01/49 *(a)* | 155000 | 115061 |
| **Northwestern Memorial Healthcare Obligated Group** | **Northwestern Memorial Healthcare Obligated Group** | **Northwestern Memorial Healthcare Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 07/15/51 *(a)* | 125000 | 76729 |
| **Novant Health, Inc.** | **Novant Health, Inc.** | **Novant Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 11/01/36 *(a)* | 5000 | 3977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.17%, 11/01/51 *(a)* | 280000 | 183593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.32%, 11/01/61 *(a)* | 120000 | 75792 |
| **Novartis Capital Corp.** | **Novartis Capital Corp.** | **Novartis Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/17/27 *(a)* | 350000 | 346717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/05/28 *(a)* | 210000 | 208971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/16/29 *(a)* | 400000 | 399660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/18/29 *(a)* | 325000 | 320811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 08/14/30 *(a)* | 685000 | 627761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/05/30 *(a)* | 540000 | 533920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/18/31 *(a)* | 500000 | 500090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/18/31 *(a)* | 265000 | 261340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/05/32 *(a)* | 280000 | 276259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/18/33 *(a)* | 500000 | 498070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/18/34 *(a)* | 375000 | 363097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/05/35 *(a)* | 280000 | 274733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/18/36 *(a)* | 750000 | 748425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 09/21/42  | 160000 | 129904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/06/44  | 595000 | 521642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/05/45 *(a)* | 110000 | 105358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/20/45 *(a)* | 375000 | 308134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/18/46 *(a)* | 300000 | 300672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/14/50 *(a)* | 370000 | 232708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/18/54 *(a)* | 270000 | 236401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 11/05/55 *(a)* | 170000 | 163069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/18/56 *(a)* | 700000 | 705103 |
| **NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery** | **NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery** | **NY Society for Relief of Ruptured & Crippled Maintaining Hosp Special Surgery** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br> 2.67%, 10/01/50 *(a)*<br>| 250000 | 152583 |
| **NYU Langone Hospitals** | **NYU Langone Hospitals** | **NYU Langone Hospitals** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/01/43  | 180000 | 181892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 07/01/44  | 125000 | 113325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.37%, 07/01/47 *(a)* | 150000 | 127554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 07/01/55 *(a)(c)* | 170000 | 116204 |
| **Ochsner LSU Health System of North Louisiana** | **Ochsner LSU Health System of North Louisiana** | **Ochsner LSU Health System of North Louisiana** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.51%, 05/15/31 *(a)* | 200000 | 171204 |

---

**50**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **OhioHealth Corp.** | **OhioHealth Corp.** | **OhioHealth Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/15/31 *(a)* | 115000 | 102670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.83%, 11/15/41 *(a)* | 90000 | 66125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.04%, 11/15/50 *(a)* | 115000 | 77242 |
| **Orlando Health Obligated Group** | **Orlando Health Obligated Group** | **Orlando Health Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 10/01/35 *(a)* | 160000 | 164250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.09%, 10/01/48 *(a)* | 160000 | 129154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.33%, 10/01/50 *(a)* | 105000 | 74070 |
| **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 11/15/32 *(a)* | 100000 | 99958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 11/15/48 *(a)* | 110000 | 94796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.22%, 11/15/50 *(a)* | 140000 | 92597 |
| **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/16/29 *(a)* | 150000 | 151649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/16/34 *(a)* | 190000 | 189153 |
| **PepsiCo, Inc.** | **PepsiCo, Inc.** | **PepsiCo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/15/27 *(a)* | 500000 | 492805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/07/28 *(a)* | 200000 | 201684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 02/18/28 *(a)* | 240000 | 238380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/15/28 *(a)* | 75000 | 75635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 01/15/29 *(a)* | 240000 | 239875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/01/29  | 200000 | 215572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/17/29 *(a)* | 250000 | 252422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 07/29/29 *(a)* | 300000 | 285561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/07/30 *(a)* | 300000 | 304140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 03/19/30 *(a)* | 500000 | 472795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 05/01/30 *(a)* | 295000 | 266131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/23/30 *(a)* | 190000 | 190564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 02/25/31 *(a)* | 325000 | 283562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 10/21/31 *(a)* | 585000 | 516461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 07/18/32 *(a)* | 400000 | 388572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/23/32 *(a)* | 250000 | 251767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/15/33 *(a)* | 300000 | 301569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 07/17/34 *(a)* | 150000 | 151145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/07/35 *(a)* | 375000 | 379710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/23/35 *(a)* | 425000 | 429768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/40  | 125000 | 128689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/19/40 *(a)* | 195000 | 162146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/01/40  | 130000 | 125600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 10/21/41 *(a)* | 175000 | 125293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/05/42  | 150000 | 126824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 08/13/42  | 145000 | 116769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/22/44 *(a)* | 30000 | 25548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 04/14/46 *(a)* | 375000 | 325534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 10/06/46 *(a)* | 320000 | 237738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/02/47 *(a)* | 255000 | 204558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 07/29/49 *(a)* | 205000 | 145216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/15/49 *(a)* | 300000 | 193596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/19/50 *(a)* | 325000 | 239973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/21/51 *(a)* | 285000 | 175372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/18/52 *(a)* | 210000 | 169586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 02/15/53 *(a)* | 45000 | 38983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/17/54 *(a)* | 170000 | 162852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/19/60 *(a)* | 240000 | 179434 |
| **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/19/28 *(a)* | 1285000 | 1292530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/19/30 *(a)* | 850000 | 856171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/19/33 *(a)* | 1530000 | 1525089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 05/19/43 *(a)* | 920000 | 869823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/19/53 *(a)* | 1895000 | 1762255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 05/19/63 *(a)* | 1195000 | 1085323 |
| **Pfizer, Inc.** | **Pfizer, Inc.** | **Pfizer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/15/27  | 300000 | 299472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/15/28 *(a)* | 310000 | 307111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/15/29 *(a)* | 600000 | 589692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 04/01/30 *(a)* | 400000 | 374576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 05/28/30 *(a)* | 250000 | 224875 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/15/30 *(a)* | 310000 | 307759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/18/31 *(a)* | 325000 | 284066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/32 *(a)* | 380000 | 377047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/35 *(a)* | 380000 | 376945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/36  | 250000 | 230587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 09/15/38 *(a)* | 300000 | 271233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/15/39 *(a)* | 300000 | 261261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 03/15/39  | 805000 | 942655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 05/28/40 *(a)* | 450000 | 326857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/15/40  | 215000 | 220650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/43  | 200000 | 170722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/15/44  | 350000 | 304489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/15/46  | 455000 | 367294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/15/48 *(a)* | 375000 | 303472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/49 *(a)* | 395000 | 308060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 05/28/50 *(a)* | 325000 | 199378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/15/55 *(a)* | 150000 | 147066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 11/15/65 *(a)* | 150000 | 145074 |
| **Pharmacia LLC** | **Pharmacia LLC** | **Pharmacia LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 12/01/28  | 245000 | 259411 |
| **Philip Morris International, Inc.** | **Philip Morris International, Inc.** | **Philip Morris International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/17/27 *(a)* | 50000 | 49371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/01/27  | 255000 | 255668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/17/27 *(a)* | 500000 | 506765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/28 *(a)* | 435000 | 439902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 03/02/28 *(a)* | 315000 | 308722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/28/28  | 200000 | 199692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/07/28 *(a)* | 235000 | 240988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/27/28 *(a)* | 250000 | 247890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/13/29 *(a)* | 310000 | 314786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/15/29 *(a)* | 310000 | 300418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/01/29 *(a)* | 255000 | 257287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 11/17/29 *(a)* | 400000 | 416100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/30 *(a)* | 600000 | 612972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/30/30 *(a)* | 310000 | 308645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 05/01/30 *(a)* | 320000 | 291606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/07/30 *(a)* | 285000 | 295927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/29/30 *(a)* | 265000 | 259594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 11/01/30 *(a)* | 270000 | 239177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/13/31 *(a)* | 305000 | 311920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/01/31 *(a)* | 200000 | 200994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/29/32 *(a)* | 300000 | 291354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/17/32 *(a)* | 525000 | 552720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/33 *(a)* | 675000 | 694291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/07/33 *(a)* | 360000 | 375973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/13/34 *(a)* | 550000 | 561082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/01/34 *(a)* | 210000 | 208965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/30/35 *(a)* | 140000 | 138096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/29/35 *(a)* | 250000 | 240812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/16/38  | 435000 | 475003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/41  | 250000 | 217327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/20/42  | 200000 | 174746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/21/42  | 250000 | 201253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/04/43  | 250000 | 207505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/43  | 280000 | 252123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/10/44  | 375000 | 311580 |
| **Piedmont Healthcare, Inc.** | **Piedmont Healthcare, Inc.** | **Piedmont Healthcare, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.04%, 01/01/32 *(a)* | 85000 | 74031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 01/01/42 *(a)* | 130000 | 91610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.86%, 01/01/52 *(a)* | 105000 | 65229 |
| **Pilgrim's Pride Corp.** | **Pilgrim's Pride Corp.** | **Pilgrim's Pride Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/15/31 *(a)* | 500000 | 478990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/32 *(a)* | 275000 | 249826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/01/33 *(a)* | 350000 | 365862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 *(a)* | 160000 | 172997 |
| **Polaris, Inc.** | **Polaris, Inc.** | **Polaris, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/15/29 *(a)* | 225000 | 235930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/01/31 *(a)* | 150000 | 148746 |

---

**51**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Presbyterian Healthcare Services** | **Presbyterian Healthcare Services** | **Presbyterian Healthcare Services** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 08/01/52 *(a)* | 130000 | 114700 |
| **Procter & Gamble Co.** | **Procter & Gamble Co.** | **Procter & Gamble Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 08/11/27  | 275000 | 271323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/26/28  | 275000 | 275489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/29/29  | 150000 | 151659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/24/29  | 195000 | 196248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/25/30  | 500000 | 479020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/01/30  | 200000 | 199304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 10/29/30  | 405000 | 354719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 04/23/31  | 325000 | 292058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/01/32  | 275000 | 249048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/03/32  | 200000 | 196986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 01/26/33  | 320000 | 315827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/29/34  | 295000 | 295853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 08/15/34  | 265000 | 286892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/05/37  | 300000 | 318954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/25/40  | 150000 | 127838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/25/47  | 150000 | 114513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 03/25/50  | 200000 | 151246 |
| **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.53%, 10/01/29 *(a)* | 260000 | 243113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 10/01/32 *(a)* | 175000 | 178446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/01/33 *(a)* | 160000 | 163322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.74%, 10/01/47  | 162000 | 121131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.93%, 10/01/48 *(a)* | 155000 | 120117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 10/01/51 *(a)* | 225000 | 131492 |
| **Queen's Health Systems** | **Queen's Health Systems** | **Queen's Health Systems** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 07/01/52 *(a)* | 100000 | 88551 |
| **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/30/29 *(a)* | 325000 | 323154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/15/29 *(a)* | 100000 | 100738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/30/30 *(a)* | 200000 | 187470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/30/31 *(a)* | 220000 | 201047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 11/30/33 *(a)* | 275000 | 299516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/34 *(a)* | 250000 | 248555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/30/45 *(a)* | 50000 | 44541 |
| **Rady Children's Hospital-San Diego** | **Rady Children's Hospital-San Diego** | **Rady Children's Hospital-San Diego** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/51 *(a)* | 90000 | 60239 |
| **Regeneron Pharmaceuticals, Inc.** | **Regeneron Pharmaceuticals, Inc.** | **Regeneron Pharmaceuticals, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/15/30 *(a)* | 375000 | 332700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 09/15/50 *(a)* | 265000 | 160826 |
| **Revvity, Inc.** | **Revvity, Inc.** | **Revvity, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 09/15/28 *(a)* | 230000 | 216011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 09/15/29 *(a)* | 250000 | 239440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/15/31 *(a)* | 85000 | 76600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 09/15/31 *(a)* | 230000 | 201291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/15/51 *(a)* | 125000 | 88349 |
| **Reynolds American, Inc.** | **Reynolds American, Inc.** | **Reynolds American, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 08/15/35 *(a)* | 250000 | 257302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 06/15/37  | 125000 | 142459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 09/15/43  | 175000 | 176286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 08/15/45 *(a)* | 735000 | 713126 |
| **Royalty Pharma PLC** | **Royalty Pharma PLC** | **Royalty Pharma PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/02/27 *(a)* | 345000 | 332608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/02/29 *(a)* | 245000 | 249403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 09/02/30 *(a)* | 195000 | 175598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/25/31 *(a)* | 180000 | 177799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 09/02/31 *(a)* | 175000 | 152502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/02/34 *(a)* | 150000 | 151364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/25/35 *(a)* | 295000 | 291295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 09/02/40 *(a)* | 360000 | 273193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 09/02/50 *(a)* | 230000 | 155641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 09/02/51 *(a)* | 335000 | 217174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 09/02/54 *(a)* | 150000 | 144729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/25/55 *(a)* | 150000 | 146367 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Rush System for Health Obligated Group** | **Rush System for Health Obligated Group** | **Rush System for Health Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 11/15/29 *(a)* | 150000 | 147803 |
| **Sanofi SA** | **Sanofi SA** | **Sanofi SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/03/27  | 275000 | 274057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 06/19/28 *(a)* | 275000 | 272118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/03/28 *(a)* | 100000 | 99250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/03/32 *(a)* | 350000 | 343815 |
| **Seattle Children's Hospital** | **Seattle Children's Hospital** | **Seattle Children's Hospital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 10/01/50 *(a)* | 105000 | 64825 |
| **Sentara Health** | **Sentara Health** | **Sentara Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.93%, 11/01/51 *(a)* | 130000 | 82207 |
| **Sharp HealthCare** | **Sharp HealthCare** | **Sharp HealthCare** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.68%, 08/01/50 *(a)* | 110000 | 66710 |
| **Smith & Nephew PLC** | **Smith & Nephew PLC** | **Smith & Nephew PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.03%, 10/14/30 *(a)* | 320000 | 285210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/20/34 *(a)* | 200000 | 203022 |
| **Solventum Corp.** | **Solventum Corp.** | **Solventum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/01/29 *(a)* | 230000 | 235577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/13/31 *(a)* | 305000 | 313034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/23/34 *(a)* | 470000 | 480979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 04/30/54 *(a)* | 350000 | 343101 |
| **SSM Health Care Corp.** | **SSM Health Care Corp.** | **SSM Health Care Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 06/01/28 *(a)* | 175000 | 176491 |
| **Stanford Health Care** | **Stanford Health Care** | **Stanford Health Care** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.31%, 08/15/30 *(a)* | 100000 | 95548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/15/48 *(a)* | 130000 | 99784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 08/15/51 *(a)* | 165000 | 108540 |
| **STERIS Irish FinCo UnLtd Co.** | **STERIS Irish FinCo UnLtd Co.** | **STERIS Irish FinCo UnLtd Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/15/31 *(a)* | 250000 | 227065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/15/51 *(a)* | 200000 | 144022 |
| **Stryker Corp.** | **Stryker Corp.** | **Stryker Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/10/28 *(a)* | 220000 | 221857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 03/07/28 *(a)* | 190000 | 188009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/08/28 *(a)* | 200000 | 202972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/11/29 *(a)* | 225000 | 224197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/10/30 *(a)* | 240000 | 243586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 06/15/30 *(a)* | 300000 | 271122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/11/34 *(a)* | 265000 | 258953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/10/35 *(a)* | 305000 | 309206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/01/43 *(a)* | 105000 | 87280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/44 *(a)* | 120000 | 101704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/15/46 *(a)* | 305000 | 264090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 06/15/50 *(a)* | 220000 | 140364 |
| **Summa Health** | **Summa Health** | **Summa Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.51%, 11/15/51 *(a)* | 90000 | 66569 |
| **Sutter Health** | **Sutter Health** | **Sutter Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/15/28 *(a)* | 100000 | 98848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.29%, 08/15/30 *(a)* | 250000 | 228117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 08/15/33 *(a)* | 185000 | 187762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 08/15/35 *(a)* | 240000 | 247716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.16%, 08/15/40 *(a)* | 180000 | 139237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.09%, 08/15/48 *(a)* | 180000 | 144477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.36%, 08/15/50 *(a)* | 275000 | 191263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/53 *(a)* | 55000 | 53767 |
| **Sysco Corp.** | **Sysco Corp.** | **Sysco Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 07/15/27 *(a)* | 280000 | 275464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/17/29 *(a)* | 250000 | 256972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 02/15/30 *(a)* | 210000 | 192593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/30 *(a)* | 200000 | 207680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/23/30 *(a)* | 260000 | 262155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 12/14/31 *(a)* | 150000 | 131199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/23/35 *(a)* | 175000 | 173926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 09/21/35  | 190000 | 189877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 04/01/40 *(a)* | 175000 | 186636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/01/45 *(a)* | 175000 | 148866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/46 *(a)* | 235000 | 191229 |

---

**52**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/15/48 *(a)* | 180000 | 142348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 02/15/50 *(a)* | 215000 | 140339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 04/01/50 *(a)* | 450000 | 464980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 12/14/51 *(a)* | 230000 | 141705 |
| **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/26/28 *(a)* | 525000 | 531967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 03/31/30 *(a)* | 850000 | 772973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 07/05/34 *(a)* | 455000 | 460469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 07/09/40 *(a)* | 355000 | 267823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 07/05/44 *(a)* | 240000 | 235649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.18%, 07/09/50 *(a)* | 595000 | 391712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 07/05/54 *(a)* | 200000 | 192424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 07/09/60 *(a)* | 310000 | 195068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 07/05/64 *(a)* | 80000 | 77255 |
| **Takeda U.S. Financing, Inc.** | **Takeda U.S. Financing, Inc.** | **Takeda U.S. Financing, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/07/35 *(a)* | 535000 | 535465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 07/07/55 *(a)* | 230000 | 229551 |
| **Texas Health Resources** | **Texas Health Resources** | **Texas Health Resources** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.33%, 11/15/50 *(a)* | 80000 | 45258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 11/15/55  | 105000 | 86802 |
| **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/21/27 *(a)* | 170000 | 171923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 10/15/28 *(a)* | 200000 | 188382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/31/29 *(a)* | 325000 | 331588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 10/01/29 *(a)* | 270000 | 255258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 08/10/30 *(a)* | 280000 | 286336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 02/12/31 *(a)* | 325000 | 321753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/31 *(a)* | 150000 | 148448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 10/15/31 *(a)* | 340000 | 300995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 10/07/32 *(a)* | 200000 | 198006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/21/32 *(a)* | 200000 | 203630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 06/15/33 *(a)* | 250000 | 247087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 08/10/33 *(a)* | 300000 | 306054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/31/34 *(a)* | 200000 | 205304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 10/07/35 *(a)* | 200000 | 197644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/12/36 *(a)* | 425000 | 421553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 10/07/37 *(a)* | 150000 | 148026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 10/15/41 *(a)* | 365000 | 267030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/10/43 *(a)* | 220000 | 218152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/01/44 *(a)* | 123000 | 119004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/12/46 *(a)* | 250000 | 247145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 08/15/47 *(a)* | 230000 | 188917 |
| **Toledo Hospital** | **Toledo Hospital** | **Toledo Hospital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 11/15/28  | 100000 | 100906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/38 *(a)* | 200000 | 200650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 11/15/48  | 160000 | 151602 |
| **Trinity Health Corp.** | **Trinity Health Corp.** | **Trinity Health Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 12/01/40 *(a)* | 125000 | 89846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 12/01/45  | 140000 | 115924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.43%, 12/01/48  | 100000 | 74275 |
| **Tyson Foods, Inc.** | **Tyson Foods, Inc.** | **Tyson Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 06/02/27 *(a)* | 420000 | 416107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/01/29 *(a)* | 365000 | 364044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/29 *(a)* | 200000 | 205212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/34 *(a)* | 265000 | 274633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 08/15/34 *(a)* | 125000 | 123061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/20/36 *(a)* | 150000 | 146633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/15/44 *(a)* | 175000 | 161823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 06/02/47 *(a)* | 220000 | 185090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/28/48 *(a)* | 460000 | 414897 |
| **UMass Memorial Health Care Obligated Group** | **UMass Memorial Health Care Obligated Group** | **UMass Memorial Health Care Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.36%, 07/01/52 *(a)* | 80000 | 74095 |
| **Unilever Capital Corp.** | **Unilever Capital Corp.** | **Unilever Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 05/05/27 *(a)* | 445000 | 440029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/22/28 *(a)* | 350000 | 346451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 09/06/29 *(a)* | 200000 | 187210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 09/14/30 *(a)* | 250000 | 221192 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/12/31 *(a)* | 265000 | 232217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/32  | 275000 | 297830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/08/33 *(a)* | 340000 | 347704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/12/34 *(a)* | 500000 | 494935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 08/12/51 *(a)* | 330000 | 199660 |
| **Universal Health Services, Inc.** | **Universal Health Services, Inc.** | **Universal Health Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 10/15/30 *(a)* | 250000 | 225180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/15/32 *(a)* | 150000 | 130685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 10/15/34 *(a)* | 215000 | 205865 |
| **UPMC** | **UPMC** | **UPMC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 05/15/33 *(a)* | 100000 | 101546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 05/15/43 *(a)* | 140000 | 136104 |
| **Utah Acquisition Sub, Inc.** | **Utah Acquisition Sub, Inc.** | **Utah Acquisition Sub, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/46 *(a)* | 305000 | 245254 |
| **Viatris, Inc.** | **Viatris, Inc.** | **Viatris, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/22/27 *(a)* | 200000 | 194048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/22/30 *(a)* | 430000 | 389730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/22/40 *(a)* | 455000 | 345623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/22/50 *(a)* | 625000 | 410194 |
| **WakeMed** | **WakeMed** | **WakeMed** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.29%, 10/01/52 *(a)* | 100000 | 67308 |
| **West Virginia United Health System Obligated Group** | **West Virginia United Health System Obligated Group** | **West Virginia United Health System Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 06/01/50 *(a)* | 165000 | 105722 |
| **Willis-Knighton Medical Center** | **Willis-Knighton Medical Center** | **Willis-Knighton Medical Center** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 09/01/48 *(a)* | 165000 | 142184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.07%, 03/01/51 *(a)* | 215000 | 136697 |
| **Wyeth LLC** | **Wyeth LLC** | **Wyeth LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/01/34  | 290000 | 320926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/15/36  | 220000 | 235204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/37  | 620000 | 657250 |
| **Yale-New Haven Health Services Corp.** | **Yale-New Haven Health Services Corp.** | **Yale-New Haven Health Services Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/01/50 *(a)* | 270000 | 160944 |
| **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/01/28 *(a)* | 60000 | 61382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 11/24/31 *(a)* | 365000 | 326025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/34 *(a)* | 240000 | 240060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/19/35 *(a)* | 200000 | 204246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/30/39  | 115000 | 116720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 08/15/45 *(a)* | 149000 | 127687 |
| **Zoetis, Inc.** | **Zoetis, Inc.** | **Zoetis, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 09/12/27 *(a)* | 240000 | 235978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/17/28 *(a)* | 275000 | 274191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 08/20/28 *(a)* | 220000 | 218055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/15/30 *(a)* | 200000 | 181866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/16/32 *(a)* | 275000 | 288200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/17/35 *(a)* | 200000 | 198578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/01/43 *(a)* | 350000 | 312252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/12/47 *(a)* | 200000 | 157016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 08/20/48 *(a)* | 150000 | 125925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/50 *(a)* | 140000 | 90432 |
|  |  | **352738298** |
| ***Energy 1.7%***  | ***Energy 1.7%***  | ***Energy 1.7%***  |
| **Antero Resources Corp.** | **Antero Resources Corp.** | **Antero Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/01/36 *(a)* | 230000 | 226561 |
| **APA Corp.** | **APA Corp.** | **APA Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/30 *(a)* | 150000 | 147776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 02/15/35 *(a)* | 120000 | 123350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/37  | 90000 | 91094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/01/40 *(a)* | 160000 | 144077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/01/49 *(a)* | 180000 | 152125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/15/55 *(a)* | 150000 | 150965 |
| **Baker Hughes Holdings LLC** | **Baker Hughes Holdings LLC** | **Baker Hughes Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/15/40  | 350000 | 335685 |

---

**53**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.34%, 12/15/27 *(a)* | 400000 | 394556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/11/29 *(a)* | 150000 | 149151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.14%, 11/07/29 *(a)* | 150000 | 144336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 05/01/30 *(a)* | 220000 | 220418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/15/31 *(a)* | 250000 | 246875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/15/33 *(a)* | 200000 | 196976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/36 *(a)* | 600000 | 588954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 12/15/47 *(a)* | 380000 | 298471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/15/56 *(a)* | 600000 | 586968 |
| **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 07/15/27 *(a)* | 295000 | 294850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/03/29 *(a)* | 160000 | 160947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/15/31 *(a)* | 125000 | 116765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/01/32 *(a)* | 200000 | 184572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/36 *(a)* | 170000 | 167479 |
| **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 04/06/27 *(a)* | 160000 | 158934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 04/14/27 *(a)* | 250000 | 248517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 11/17/27 *(a)* | 315000 | 319344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.94%, 09/21/28 *(a)* | 335000 | 332836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.23%, 11/06/28 *(a)* | 550000 | 550330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/10/29 *(a)* | 345000 | 349088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 10/17/29 *(a)* | 225000 | 229797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/06/30 *(a)* | 340000 | 331174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/10/30 *(a)* | 400000 | 357976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 01/12/32 *(a)* | 775000 | 701189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 02/13/33 *(a)* | 600000 | 602022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 09/11/33 *(a)* | 485000 | 488279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 04/10/34 *(a)* | 350000 | 352779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 11/17/34 *(a)* | 550000 | 561429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.06%, 06/17/41 *(a)* | 450000 | 339750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/24/50 *(a)* | 625000 | 403200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.77%, 11/10/50 *(a)* | 810000 | 497340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.94%, 06/04/51 *(a)* | 720000 | 453953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/17/52 *(a)* | 400000 | 253644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/08/61 *(a)* | 605000 | 391489 |
| **BP Capital Markets PLC** | **BP Capital Markets PLC** | **BP Capital Markets PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.28%, 09/19/27 *(a)* | 600000 | 592806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.72%, 11/28/28 *(a)* | 250000 | 246217 |
| **Burlington Resources LLC** | **Burlington Resources LLC** | **Burlington Resources LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 08/15/31  | 220000 | 247080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 10/15/36  | 90000 | 96071 |
| **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/01/27 *(a)* | 400000 | 397760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/29 *(a)* | 200000 | 203282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 07/15/30 *(a)* | 250000 | 235422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 01/15/32  | 205000 | 227782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 06/30/33  | 120000 | 129186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 12/15/34 *(a)* | 240000 | 242839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 02/01/35  | 100000 | 104345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/37  | 140000 | 149824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/38  | 300000 | 316353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/01/39  | 100000 | 108875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/47 *(a)* | 235000 | 205270 |
| **Cenovus Energy, Inc.** | **Cenovus Energy, Inc.** | **Cenovus Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/20/31 *(a)* | 150000 | 149027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/15/32 *(a)* | 100000 | 89024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/20/36 *(a)* | 150000 | 149349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/37 *(a)* | 99000 | 95987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 11/15/39  | 225000 | 245407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/15/47 *(a)* | 175000 | 158984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/52 *(a)* | 225000 | 157586 |
| **Cheniere Corpus Christi Holdings LLC** | **Cheniere Corpus Christi Holdings LLC** | **Cheniere Corpus Christi Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/30/27 *(a)* | 370000 | 372231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 11/15/29 *(a)* | 325000 | 316114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.74%, 12/31/39 *(a)* | 245000 | 207554 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/29 *(a)* | 550000 | 547035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/31 *(a)* | 535000 | 513894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/31/32 *(a)* | 365000 | 332749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/30/33 *(a)* | 565000 | 593177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/15/34 *(a)* | 320000 | 330125 |
| **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/28 *(a)* | 740000 | 737743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/15/34 *(a)* | 415000 | 427720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/30/36 *(a)(e)* | 200000 | 197942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/30/56 *(a)(e)* | 200000 | 199250 |
| **Chevron Corp.** | **Chevron Corp.** | **Chevron Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/11/27 *(a)* | 275000 | 269153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.24%, 05/11/30 *(a)* | 500000 | 461935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.08%, 05/11/50 *(a)* | 415000 | 279743 |
| **Chevron USA, Inc.** | **Chevron USA, Inc.** | **Chevron USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.02%, 08/12/27 *(a)* | 310000 | 297619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/13/27  | 150000 | 150056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 01/15/28 *(a)* | 175000 | 174552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 02/26/28 *(a)* | 300000 | 302481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 08/13/28 *(a)* | 190000 | 190160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/15/29 *(a)* | 125000 | 121238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 04/15/30 *(a)* | 325000 | 330187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 10/15/30 *(a)* | 370000 | 370929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 04/15/32 *(a)* | 200000 | 204196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/32 *(a)* | 425000 | 426521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 04/15/35 *(a)* | 225000 | 228193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/35 *(a)* | 260000 | 261092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/01/41 *(a)* | 115000 | 124231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/43 *(a)* | 110000 | 109343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.34%, 08/12/50 *(a)* | 205000 | 118189 |
| **Columbia Pipeline Group, Inc.** | **Columbia Pipeline Group, Inc.** | **Columbia Pipeline Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 06/01/45 *(a)* | 165000 | 161626 |
| **ConocoPhillips** | **ConocoPhillips** | **ConocoPhillips** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 10/15/32  | 160000 | 172086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/01/39  | 500000 | 554005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/01/47 *(a)* | 200000 | 177018 |
| **ConocoPhillips Co.** | **ConocoPhillips Co.** | **ConocoPhillips Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 04/15/29  | 225000 | 241679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/30 *(a)* | 400000 | 403804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/15/32 *(a)* | 235000 | 238840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/15/33 *(a)* | 290000 | 295437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 *(a)* | 370000 | 371720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.76%, 03/15/42 *(a)* | 200000 | 161458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/15/44 *(a)* | 230000 | 193071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/46 *(a)* | 95000 | 97470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/15/52 *(a)* | 400000 | 293260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/53 *(a)* | 350000 | 324254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/54 *(a)* | 325000 | 311597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/55 *(a)* | 400000 | 382540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.03%, 03/15/62 *(a)* | 545000 | 392983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/63 *(a)* | 250000 | 240835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/15/65 *(a)* | 200000 | 190818 |
| **Continental Resources, Inc.** | **Continental Resources, Inc.** | **Continental Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/15/28 *(a)* | 340000 | 337695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/01/44 *(a)* | 240000 | 189970 |
| **Coterra Energy, Inc.** | **Coterra Energy, Inc.** | **Coterra Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/15/27 *(a)* | 300000 | 298134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/29 *(a)* | 175000 | 174666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/15/34 *(a)* | 100000 | 102472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/15/35 *(a)* | 265000 | 266055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 02/15/55 *(a)* | 280000 | 267358 |
| **DCP Midstream Operating LP** | **DCP Midstream Operating LP** | **DCP Midstream Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/15/27 *(a)* | 235000 | 238130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/29 *(a)* | 100000 | 101667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 08/16/30  | 185000 | 211348 |

---

**54**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/15/32 *(a)* | 170000 | 154984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/01/44 *(a)* | 115000 | 109741 |
| **Devon Energy Corp.** | **Devon Energy Corp.** | **Devon Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/15/27 *(a)* | 245000 | 245017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/28 *(a)(e)* | 150000 | 150068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/30 *(a)* | 210000 | 209381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 09/30/31  | 285000 | 328075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 04/15/32  | 100000 | 115198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/34 *(a)* | 300000 | 300705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 07/15/41 *(a)* | 400000 | 387864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/42 *(a)* | 345000 | 303538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/45 *(a)* | 280000 | 245935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/15/54 *(a)* | 245000 | 230565 |
| **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/18/27 *(a)* | 300000 | 302538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/01/29 *(a)* | 365000 | 352254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/30/30 *(a)* | 230000 | 235014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 03/24/31 *(a)* | 280000 | 260053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 *(a)* | 405000 | 432726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/18/34 *(a)* | 325000 | 330323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 04/01/35 *(a)* | 300000 | 306519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/24/51 *(a)* | 200000 | 160014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/52 *(a)* | 325000 | 252106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/53 *(a)* | 220000 | 222950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/18/54 *(a)* | 440000 | 417600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 04/18/64 *(a)* | 350000 | 333053 |
| **Eastern Energy Gas Holdings LLC** | **Eastern Energy Gas Holdings LLC** | **Eastern Energy Gas Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/15/35 *(a)* | 295000 | 306248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 10/15/54 *(a)* | 260000 | 244995 |
| **Eastern Gas Transmission & Storage, Inc.** | **Eastern Gas Transmission & Storage, Inc.** | **Eastern Gas Transmission & Storage, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/15/29 *(a)* | 225000 | 213417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/01/43 *(a)(e)* | 130000 | 114170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 12/15/44 *(a)* | 250000 | 214110 |
| **Enbridge Energy Partners LP** | **Enbridge Energy Partners LP** | **Enbridge Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/15/38  | 245000 | 285158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/15/40 *(a)* | 200000 | 195688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 10/15/45 *(a)* | 240000 | 274447 |
| **Enbridge, Inc.** | **Enbridge, Inc.** | **Enbridge, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/05/27 *(a)* | 200000 | 201664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 07/15/27 *(a)* | 225000 | 223097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/20/28 *(a)* | 120000 | 120422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/15/28 *(a)* | 200000 | 207794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/20/28 *(a)* | 165000 | 163860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/05/29 *(a)* | 245000 | 250267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/15/29 *(a)* | 350000 | 333623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/20/30 *(a)* | 170000 | 171853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/15/30 *(a)* | 220000 | 233468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/31 *(a)* | 150000 | 148491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/27/31 *(a)* | 300000 | 301248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/08/33 *(a)* | 740000 | 767358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 08/01/33 *(a)* | 400000 | 340404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/05/34 *(a)* | 230000 | 237578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 06/20/35 *(a)* | 260000 | 265977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/20/35 *(a)* | 150000 | 149471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/27/36 *(a)* | 300000 | 303126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/10/44 *(a)* | 280000 | 233761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/01/46 *(a)* | 225000 | 215033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/49 *(a)* | 310000 | 234413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 08/01/51 *(a)* | 100000 | 67189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 11/15/53 *(a)* | 390000 | 424378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/05/54 *(a)* | 300000 | 298500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 06/27/54 *(a)(b)* | 225000 | 236833 |
| **Energy Transfer LP** | **Energy Transfer LP** | **Energy Transfer LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/27 *(a)* | 150000 | 149715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/27 *(a)* | 275000 | 277736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/27 *(a)* | 250000 | 248392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/15/28 *(a)* | 185000 | 188539 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/15/28 *(a)* | 250000 | 252270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/28 *(a)* | 375000 | 378986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 12/01/28 *(a)* | 30000 | 31207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/15/29 *(a)* | 500000 | 509555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/29 *(a)* | 275000 | 281201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/15/29 *(a)* | 210000 | 207627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/30 *(a)* | 275000 | 281468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/30 *(a)* | 355000 | 343455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 12/01/30 *(a)* | 375000 | 400924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/15/31 *(a)* | 310000 | 307325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/33 *(a)* | 520000 | 541247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 12/01/33 *(a)* | 430000 | 464507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 05/15/34 *(a)* | 380000 | 387007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/01/34 *(a)* | 350000 | 357325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/35 *(a)* | 205000 | 198881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 04/01/35 *(a)* | 450000 | 462154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/36 *(a)* | 310000 | 308286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/15/36  | 135000 | 146376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 06/15/38 *(a)* | 110000 | 111594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 07/01/38  | 185000 | 212537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 06/01/41 *(a)* | 200000 | 200458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/01/42 *(a)* | 350000 | 365137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 02/15/42  | 275000 | 273218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/43 *(a)* | 200000 | 173792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/01/43 *(a)* | 165000 | 146343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 10/01/43 *(a)* | 128000 | 124877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/44 *(a)* | 245000 | 220186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/44 *(a)* | 120000 | 104515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/45 *(a)* | 300000 | 261993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 05/15/45 *(a)* | 200000 | 178994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 12/15/45 *(a)* | 350000 | 342517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/15/47 *(a)* | 300000 | 265203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/01/47 *(a)* | 400000 | 356180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/48 *(a)* | 310000 | 298397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/15/49 *(a)* | 500000 | 491460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/50 *(a)* | 615000 | 510192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 05/15/54 *(a)* | 505000 | 474185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 09/01/54 *(a)* | 350000 | 333508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 04/01/55 *(a)* | 355000 | 345316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 01/15/56 *(a)* | 320000 | 315997 |
| **Eni USA, Inc.** | **Eni USA, Inc.** | **Eni USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 11/15/27  | 165000 | 172473 |
| **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/20/28 *(a)* | 250000 | 250345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/16/28 *(a)* | 375000 | 374366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 07/31/29 *(a)* | 300000 | 289269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 01/31/30 *(a)* | 400000 | 377620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/15/31 *(a)* | 420000 | 421079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/31/33 *(a)* | 300000 | 309729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/01/33  | 165000 | 185351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/31/34 *(a)* | 200000 | 199862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 10/15/34  | 120000 | 133223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/35 *(a)* | 325000 | 324740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/15/36 *(a)* | 470000 | 472660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.55%, 04/15/38  | 155000 | 183782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 10/15/39  | 285000 | 303824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 09/01/40  | 165000 | 181587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/01/41  | 275000 | 287048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 02/15/42  | 175000 | 175429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 08/15/42 *(a)* | 295000 | 268987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/15/43 *(a)* | 300000 | 260229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/44 *(a)* | 400000 | 361520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/15/45 *(a)* | 350000 | 324023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/15/46 *(a)* | 385000 | 344140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/48 *(a)* | 455000 | 367149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/01/49 *(a)* | 305000 | 265753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 01/31/50 *(a)* | 425000 | 337939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 01/31/51 *(a)* | 360000 | 260719 |

---

**55**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 02/15/52 *(a)* | 325000 | 212820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 02/15/53 *(a)* | 400000 | 264976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/15/54 *(a)* | 160000 | 140645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/16/55 *(a)* | 455000 | 438147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/31/60 *(a)* | 375000 | 270889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/16/77 *(a)(b)* | 385000 | 382078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/78 *(a)(b)* | 215000 | 212648 |
| **EOG Resources, Inc.** | **EOG Resources, Inc.** | **EOG Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/15/28 *(a)* | 175000 | 175683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/15/30 *(a)* | 250000 | 249495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/31 *(a)* | 230000 | 228519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/32 *(a)* | 360000 | 364831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/01/35 *(a)* | 95000 | 87429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/36 *(a)* | 360000 | 365623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/15/50 *(a)* | 220000 | 194786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 12/01/54 *(a)* | 335000 | 326481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 07/15/55 *(a)* | 250000 | 253887 |
| **EQT Corp.** | **EQT Corp.** | **EQT Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 10/01/27 *(a)* | 136000 | 134836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 04/01/28 *(a)* | 150000 | 153428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/01/30 *(a)(f)* | 80000 | 85619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 06/01/30 *(a)* | 160000 | 174301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/31 *(a)* | 300000 | 298953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/34 *(a)* | 295000 | 304419 |
| **Expand Energy Corp.** | **Expand Energy Corp.** | **Expand Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/01/29 *(a)* | 375000 | 375071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/15/30 *(a)* | 300000 | 302682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/01/32 *(a)* | 415000 | 404517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 01/15/35 *(a)* | 275000 | 279405 |
| **Exxon Mobil Corp.** | **Exxon Mobil Corp.** | **Exxon Mobil Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.44%, 08/16/29 *(a)* | 400000 | 380724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.48%, 03/19/30 *(a)* | 575000 | 559745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.61%, 10/15/30 *(a)* | 625000 | 584419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/16/39 *(a)* | 230000 | 182871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.23%, 03/19/40 *(a)* | 625000 | 566775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 03/06/45 *(a)* | 370000 | 286284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 03/01/46 *(a)* | 765000 | 631844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 08/16/49 *(a)* | 490000 | 330970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 03/19/50 *(a)* | 920000 | 765578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/15/51 *(a)* | 765000 | 545307 |
| **Halliburton Co.** | **Halliburton Co.** | **Halliburton Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 03/01/30 *(a)* | 305000 | 287557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 11/15/35 *(a)* | 375000 | 364864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 09/15/38  | 295000 | 324016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 09/15/39  | 325000 | 380513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/41 *(a)* | 50000 | 43369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/01/43 *(a)* | 225000 | 197170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/45 *(a)* | 550000 | 488174 |
| **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 12/01/27 *(a)* | 275000 | 275654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/01/29 *(a)* | 150000 | 150489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 09/29/31 *(a)* | 190000 | 169885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/01/34 *(a)* | 150000 | 148133 |
| **Hess Corp.** | **Hess Corp.** | **Hess Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 04/01/27 *(a)* | 230000 | 230147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 10/01/29  | 175000 | 195652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 08/15/31  | 233000 | 263460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 03/15/33  | 210000 | 239551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/40  | 290000 | 306791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/15/41  | 350000 | 356583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/01/47 *(a)* | 200000 | 201840 |
| **HF Sinclair Corp.** | **HF Sinclair Corp.** | **HF Sinclair Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/28 *(a)* | 245000 | 244971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/30 *(a)* | 205000 | 201628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/32 *(a)* | 245000 | 245973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/35 *(a)* | 130000 | 134317 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kinder Morgan Energy Partners LP** | **Kinder Morgan Energy Partners LP** | **Kinder Morgan Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.40%, 03/15/31  | 185000 | 207324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 03/15/32  | 240000 | 273691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 08/15/33  | 150000 | 169872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/35  | 210000 | 218274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/01/37  | 170000 | 184358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 01/15/38  | 350000 | 391286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 09/01/39  | 200000 | 213966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 09/15/40  | 165000 | 176765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 11/15/40  | 105000 | 121905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/01/41  | 185000 | 195088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/01/41  | 175000 | 170189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/42 *(a)* | 175000 | 158090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 11/01/42 *(a)* | 225000 | 197453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/43 *(a)* | 215000 | 193128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/44 *(a)* | 215000 | 203478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/01/44 *(a)* | 150000 | 139511 |
| **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/01/28 *(a)* | 390000 | 389785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/29 *(a)* | 300000 | 304788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/01/29 *(a)* | 150000 | 153032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/01/30 *(a)* | 335000 | 342893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 02/15/31 *(a)* | 360000 | 318823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.80%, 08/01/31  | 255000 | 291151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 01/15/32  | 300000 | 344238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/01/33 *(a)* | 250000 | 248325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/33 *(a)* | 240000 | 244279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/01/34 *(a)* | 325000 | 332865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/01/34 *(a)* | 170000 | 171644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 06/01/45 *(a)* | 540000 | 515284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/15/46 *(a)* | 250000 | 223313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/48 *(a)* | 246000 | 221848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/01/50 *(a)* | 150000 | 97656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 02/15/51 *(a)* | 250000 | 172673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/01/52 *(a)* | 295000 | 272409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/01/54 *(a)* | 200000 | 198750 |
| **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/01/28 *(a)* | 275000 | 271843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/01/30 *(a)* | 300000 | 306306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/01/35 *(a)* | 200000 | 205436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/01/41 *(a)* | 375000 | 399791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/15/44 *(a)* | 235000 | 200448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/48 *(a)* | 230000 | 182811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/54 *(a)* | 165000 | 138615 |
| **MPLX LP** | **MPLX LP** | **MPLX LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/01/27 *(a)* | 246000 | 245510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/28 *(a)* | 450000 | 446620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/29 *(a)* | 250000 | 252237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 08/15/30 *(a)* | 450000 | 414900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/31 *(a)* | 370000 | 371158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/01/32 *(a)* | 310000 | 309433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/33 *(a)* | 230000 | 228717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/33 *(a)* | 350000 | 348152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/34 *(a)* | 505000 | 511126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/01/35 *(a)* | 250000 | 249792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/15/35 *(a)* | 455000 | 453189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/36 *(a)* | 300000 | 295869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/38 *(a)* | 645000 | 581068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/47 *(a)* | 375000 | 332002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 12/01/47 *(a)* | 155000 | 136411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/15/48 *(a)* | 525000 | 428127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/49 *(a)* | 425000 | 385101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/14/52 *(a)* | 440000 | 365746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/01/53 *(a)* | 100000 | 91630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/55 *(a)* | 270000 | 257750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 09/15/55 *(a)* | 290000 | 286160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 04/01/56 *(a)* | 100000 | 97229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/15/58 *(a)* | 320000 | 260051 |

---

**56**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **National Fuel Gas Co.** | **National Fuel Gas Co.** | **National Fuel Gas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/15/27 *(a)* | 185000 | 183611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/01/28 *(a)* | 105000 | 105176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/30 *(a)* | 160000 | 163872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/01/31 *(a)* | 145000 | 131875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/35 *(a)* | 150000 | 155510 |
| **Northwest Pipeline LLC** | **Northwest Pipeline LLC** | **Northwest Pipeline LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/27 *(a)* | 50000 | 49800 |
| **NOV, Inc.** | **NOV, Inc.** | **NOV, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 12/01/29 *(a)* | 180000 | 174148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/01/42 *(a)* | 395000 | 311375 |
| **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 07/15/30 *(a)* | 510000 | 581038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 09/01/30 *(a)* | 405000 | 434427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 05/01/31  | 250000 | 278547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 09/15/31  | 175000 | 199043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/01/32 *(a)* | 350000 | 356639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 10/01/34 *(a)* | 375000 | 381184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 09/15/36  | 540000 | 576823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 06/15/39  | 55000 | 64351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/15/40  | 215000 | 219423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 03/15/46 *(a)* | 330000 | 341840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 04/15/46 *(a)* | 160000 | 126490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/48 *(a)* | 160000 | 119818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 10/01/54 *(a)* | 270000 | 262583 |
| **ONEOK Partners LP** | **ONEOK Partners LP** | **ONEOK Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 10/01/36  | 135000 | 145480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 10/15/37  | 200000 | 218538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/01/41 *(a)* | 200000 | 203204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 09/15/43 *(a)* | 135000 | 134950 |
| **ONEOK, Inc.** | **ONEOK, Inc.** | **ONEOK, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/13/27 *(a)* | 190000 | 188987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/24/27 *(a)* | 275000 | 274417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/15/28 *(a)* | 225000 | 225355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/01/28 *(a)* | 200000 | 205436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/15/29 *(a)* | 230000 | 228673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/01/29 *(a)* | 155000 | 157999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 09/01/29 *(a)* | 250000 | 240642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 10/15/29 *(a)* | 425000 | 422752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 03/15/30 *(a)* | 260000 | 245333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/30 *(a)* | 195000 | 184261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 11/01/30 *(a)* | 200000 | 208292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 01/15/31 *(a)* | 200000 | 212760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/31 *(a)* | 320000 | 316963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/15/32 *(a)* | 220000 | 218302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 11/15/32 *(a)* | 200000 | 211026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 09/01/33 *(a)* | 480000 | 503208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/01/34 *(a)* | 160000 | 162989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 11/01/34 *(a)* | 385000 | 375394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/35  | 100000 | 103923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/15/35 *(a)* | 290000 | 288509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 10/15/43 *(a)* | 215000 | 191376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/01/44 *(a)* | 150000 | 138281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/01/45 *(a)* | 220000 | 189035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/46 *(a)* | 215000 | 164595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/47 *(a)* | 170000 | 153702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/13/47 *(a)* | 90000 | 76721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/03/47 *(a)* | 250000 | 189578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/15/48 *(a)* | 325000 | 286273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/01/49 *(a)* | 169000 | 139261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/01/49 *(a)* | 145000 | 115279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/01/50 *(a)* | 235000 | 166378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.15%, 01/15/51 *(a)* | 135000 | 145984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 09/01/53 *(a)* | 525000 | 539427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 11/01/54 *(a)* | 410000 | 374117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/15/55 *(a)* | 370000 | 363136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/01/64 *(a)* | 215000 | 196635 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Ovintiv, Inc.** | **Ovintiv, Inc.** | **Ovintiv, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 05/15/28 *(a)* | 300000 | 308193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 09/15/30  | 50000 | 56321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 11/01/31  | 130000 | 143159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 11/01/31  | 260000 | 288028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/15/33 *(a)* | 120000 | 126722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/15/34  | 175000 | 186961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 08/15/37  | 220000 | 234709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/01/38  | 120000 | 126145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 07/15/53 *(a)* | 125000 | 135324 |
| **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/01/28 *(a)* | 200000 | 196506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 11/15/29 *(a)* | 220000 | 220625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.15%, 10/01/33 *(a)* | 160000 | 172082 |
| **Phillips 66** | **Phillips 66** | **Phillips 66** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/15/28 *(a)* | 355000 | 352263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 12/15/30 *(a)* | 365000 | 327431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/15/34 *(a)* | 150000 | 145299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 05/01/42  | 450000 | 450981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/44 *(a)* | 510000 | 443578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 03/15/52 *(a)* | 425000 | 275685 |
| **Phillips 66 Co.** | **Phillips 66 Co.** | **Phillips 66 Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/01/27 *(a)* | 275000 | 277662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/01/28 *(a)* | 245000 | 242589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 12/15/29 *(a)* | 290000 | 276622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/31 *(a)* | 240000 | 246250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/30/33 *(a)* | 300000 | 305550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/35 *(a)* | 200000 | 197364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 02/15/45 *(a)* | 215000 | 181226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/01/46 *(a)* | 205000 | 177770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/15/54 *(a)* | 150000 | 139917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/55 *(a)* | 155000 | 142242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/15/56 *(a)(b)* | 340000 | 335033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/15/56 *(a)(b)* | 345000 | 343699 |
| **Pioneer Natural Resources Co.** | **Pioneer Natural Resources Co.** | **Pioneer Natural Resources Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 08/15/30 *(a)* | 380000 | 342441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 01/15/31 *(a)* | 275000 | 248141 |
| **Plains All American Pipeline LP** | **Plains All American Pipeline LP** | **Plains All American Pipeline LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/15/35 *(a)* | 300000 | 309804 |
| **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 12/15/29 *(a)* | 290000 | 280798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/15/30 *(a)* | 265000 | 255494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/31 *(a)* | 315000 | 314543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/34 *(a)* | 205000 | 209779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 01/15/36 *(a)* | 160000 | 160570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 01/15/37  | 320000 | 344966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/01/42 *(a)* | 200000 | 180046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/31/43 *(a)* | 150000 | 121841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/15/44 *(a)* | 205000 | 174170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/15/45 *(a)* | 200000 | 173132 |
| **Sabine Pass Liquefaction LLC** | **Sabine Pass Liquefaction LLC** | **Sabine Pass Liquefaction LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/28 *(a)* | 450000 | 448164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/30 *(a)* | 575000 | 571303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 09/15/37 *(a)* | 193514 | 202328 |
| **Schlumberger Investment SA** | **Schlumberger Investment SA** | **Schlumberger Investment SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/26/30 *(a)* | 25000 | 23317 |
| **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/13/28 *(a)(e)* | 300000 | 297783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 11/07/29 *(a)* | 400000 | 375472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/06/30 *(a)* | 500000 | 470745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/06/30 *(a)* | 310000 | 307089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/11/35  | 350000 | 332332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/06/36 *(a)* | 310000 | 304727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 12/15/38 *(e)* | 665000 | 732325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/25/40 *(e)* | 275000 | 277700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/15/41 *(e)* | 30000 | 28772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/12/43  | 375000 | 330742 |

---

**57**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/11/45  | 775000 | 659742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/10/46  | 495000 | 394079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/12/46  | 300000 | 229575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/07/49 *(a)(e)* | 420000 | 278813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/06/50 *(a)* | 500000 | 340270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/26/51 *(a)(e)* | 275000 | 176052 |
| **Shell International Finance BV** | **Shell International Finance BV** | **Shell International Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 11/07/29 *(a)* | 150000 | 140969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/11/35  | 320000 | 314749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 11/26/41 *(a)* | 220000 | 160195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/21/42  | 210000 | 165484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/11/45  | 55000 | 46520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/10/46  | 150000 | 118859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/06/50 *(a)* | 95000 | 64237 |
| **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 10/01/29 *(a)* | 420000 | 423070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 10/01/34 *(a)* | 400000 | 397952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 10/01/54 *(a)* | 230000 | 219767 |
| **Spectra Energy Partners LP** | **Spectra Energy Partners LP** | **Spectra Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/25/43 *(a)* | 270000 | 268882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/45 *(a)* | 245000 | 205739 |
| **Suncor Energy, Inc.** | **Suncor Energy, Inc.** | **Suncor Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.15%, 02/01/32  | 165000 | 182962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/01/34  | 165000 | 172818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 05/15/38  | 204000 | 223276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/15/38  | 100000 | 106570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 06/01/39  | 225000 | 246733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/47 *(a)* | 250000 | 189095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/04/51 *(a)* | 260000 | 183690 |
| **Targa Resources Corp.** | **Targa Resources Corp.** | **Targa Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/01/27 *(a)* | 225000 | 227032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/15/29 *(a)* | 230000 | 229041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 03/01/29 *(a)* | 250000 | 260712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/15/30 *(a)* | 250000 | 252352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/15/31 *(a)* | 200000 | 195858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 02/01/33 *(a)* | 250000 | 237205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/15/33 *(a)* | 250000 | 264690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/30/34 *(a)* | 275000 | 297569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/35 *(a)* | 225000 | 227315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/35 *(a)* | 300000 | 302898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/15/36 *(a)* | 220000 | 223300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/30/36 *(a)* | 310000 | 308028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/15/52 *(a)* | 230000 | 192719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/01/52 *(a)* | 195000 | 194665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/53 *(a)* | 300000 | 308112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 05/15/55 *(a)* | 315000 | 308467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 05/15/56 *(a)* | 200000 | 193782 |
| **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/28 *(a)* | 175000 | 174815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/30 *(a)* | 280000 | 282906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/01/31 *(a)* | 525000 | 524496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/32 *(a)* | 450000 | 426901 |
| **TC PipeLines LP** | **TC PipeLines LP** | **TC PipeLines LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/25/27 *(a)* | 215000 | 213646 |
| **Tennessee Gas Pipeline Co. LLC** | **Tennessee Gas Pipeline Co. LLC** | **Tennessee Gas Pipeline Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 04/01/37  | 10000 | 11745 |
| **Texas Eastern Transmission LP** | **Texas Eastern Transmission LP** | **Texas Eastern Transmission LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 07/15/32  | 305000 | 339133 |
| **TotalEnergies Capital International SA** | **TotalEnergies Capital International SA** | **TotalEnergies Capital International SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.46%, 02/19/29 *(a)* | 406000 | 399066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.83%, 01/10/30 *(a)* | 250000 | 237257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.99%, 06/29/41 *(a)* | 600000 | 447444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.46%, 07/12/49 *(a)* | 385000 | 272091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 05/29/50 *(a)* | 665000 | 439824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.39%, 06/29/60 *(a)* | 310000 | 199215 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TotalEnergies Capital SA** | **TotalEnergies Capital SA** | **TotalEnergies Capital SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/11/28  | 305000 | 304320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/05/34 *(a)* | 455000 | 465897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.72%, 09/10/34 *(a)* | 225000 | 224028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 04/05/54 *(a)* | 530000 | 509425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 09/10/54 *(a)* | 295000 | 274840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 04/05/64 *(a)* | 375000 | 361339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 09/10/64 *(a)* | 400000 | 372180 |
| **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/13/31 *(a)* | 470000 | 466066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 01/13/33 *(a)* | 390000 | 386252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 01/13/36 *(a)* | 230000 | 226525 |
| **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/28 *(a)* | 500000 | 497950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/15/30 *(a)* | 350000 | 343497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/01/34 *(a)* | 475000 | 459662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/31/34  | 185000 | 190384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/15/36  | 150000 | 156354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 10/15/37  | 365000 | 387199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 08/15/38  | 160000 | 182555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 01/15/39  | 425000 | 498793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 06/01/40  | 285000 | 297112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/16/43 *(a)* | 130000 | 120444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/15/48 *(a)* | 175000 | 154669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/15/49 *(a)* | 200000 | 184524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/01/65 *(a)(b)* | 275000 | 279249 |
| **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/28 *(a)* | 150000 | 149168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/30 *(a)* | 310000 | 294810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/15/36 *(a)(e)* | 310000 | 307728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/15/41 *(a)* | 260000 | 250536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 08/01/42 *(a)* | 160000 | 137968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/15/48 *(a)* | 240000 | 200909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/56 *(a)(e)* | 210000 | 205601 |
| **Valero Energy Corp.** | **Valero Energy Corp.** | **Valero Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 09/15/27 *(a)* | 215000 | 208546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/01/28 *(a)* | 340000 | 340418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/29 *(a)* | 150000 | 148169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 12/01/31 *(a)* | 200000 | 180656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/15/32  | 395000 | 447681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 06/15/37  | 400000 | 438072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/45  | 200000 | 175660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 12/01/51 *(a)* | 275000 | 188018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/52 *(a)* | 205000 | 149248 |
| **Valero Energy Partners LP** | **Valero Energy Partners LP** | **Valero Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 *(a)* | 180000 | 180290 |
| **Viper Energy Partners LLC** | **Viper Energy Partners LLC** | **Viper Energy Partners LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/01/30 *(a)* | 195000 | 195431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 08/01/35 *(a)* | 320000 | 323126 |
| **Western Midstream Operating LP** | **Western Midstream Operating LP** | **Western Midstream Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 *(a)* | 150000 | 150186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/28 *(a)* | 210000 | 210949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 01/15/29 *(a)* | 200000 | 208406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 02/01/30 *(a)(g)* | 420000 | 408324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/01/31 *(a)* | 190000 | 188269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/15/34 *(a)* | 230000 | 228139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/15/35 *(a)* | 180000 | 177199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/01/44 *(a)* | 250000 | 223392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/01/48 *(a)* | 200000 | 169164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/48 *(a)* | 135000 | 117072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/01/50 *(a)(g)* | 300000 | 253107 |
| **Williams Cos., Inc.** | **Williams Cos., Inc.** | **Williams Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/15/27 *(a)* | 500000 | 496325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/15/28 *(a)* | 275000 | 280868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/29 *(a)* | 425000 | 429917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/29 *(a)* | 230000 | 232486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/30 *(a)* | 410000 | 389730 |

---

**58**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/15/31  | 185000 | 207132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 03/15/31 *(a)* | 500000 | 452695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 03/15/32  | 275000 | 327099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/15/32 *(a)* | 145000 | 143512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/33 *(a)* | 265000 | 274354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/34 *(a)* | 480000 | 481315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/15/35 *(a)* | 100000 | 102324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/36 *(a)* | 390000 | 384559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 04/15/40  | 295000 | 312532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 11/15/43 *(a)* | 290000 | 284322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/04/44 *(a)* | 250000 | 233215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/24/44 *(a)* | 200000 | 195272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/45 *(a)* | 175000 | 153657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/15/45 *(a)* | 310000 | 280727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/48 *(a)* | 250000 | 214103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/15/51 *(a)* | 395000 | 269386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/15/52 *(a)* | 250000 | 225622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 11/15/54 *(a)* | 225000 | 217301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/15/55 *(a)* | 150000 | 148698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/56 *(a)* | 320000 | 315267 |
| **Woodside Finance Ltd.** | **Woodside Finance Ltd.** | **Woodside Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/19/28 *(a)* | 200000 | 201704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/19/30 *(a)* | 300000 | 306447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/19/32 *(a)* | 200000 | 207612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/12/34 *(a)* | 330000 | 325136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/19/35 *(a)* | 310000 | 322970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/12/54 *(a)* | 245000 | 230148 |
|  |  | **169036046** |
| ***Industrial Other 0.1%***  | ***Industrial Other 0.1%***  | ***Industrial Other 0.1%***  |
| **American University** | **American University** | **American University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 04/01/49  | 180000 | 134833 |
| **Booz Allen Hamilton, Inc.** | **Booz Allen Hamilton, Inc.** | **Booz Allen Hamilton, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/04/33 *(a)* | 175000 | 178759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/15/35 *(a)* | 200000 | 201670 |
| **Brown University** | **Brown University** | **Brown University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 09/01/50 *(a)* | 215000 | 140180 |
| **California Institute of Technology** | **California Institute of Technology** | **California Institute of Technology** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 08/01/45  | 105000 | 90245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 11/01/11  | 135000 | 108837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 09/01/19 *(a)* | 190000 | 119615 |
| **Case Western Reserve University** | **Case Western Reserve University** | **Case Western Reserve University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 06/01/22 *(a)* | 130000 | 118225 |
| **Cintas Corp. No. 2** | **Cintas Corp. No. 2** | **Cintas Corp. No. 2** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/27 *(a)* | 430000 | 428052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/01/32 *(a)* | 270000 | 261976 |
| **Claremont Mckenna College** | **Claremont Mckenna College** | **Claremont Mckenna College** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.78%, 01/01/22 *(a)* | 100000 | 64976 |
| **Cornell University** | **Cornell University** | **Cornell University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.17%, 06/15/30 *(a)* | 300000 | 298119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 06/15/35 *(a)* | 150000 | 148652 |
| **Duke University** | **Duke University** | **Duke University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.68%, 10/01/44  | 195000 | 145281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.76%, 10/01/50  | 115000 | 73345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.83%, 10/01/55  | 190000 | 117870 |
| **Emory University** | **Emory University** | **Emory University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.14%, 09/01/30 *(a)* | 180000 | 164545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 09/01/50 *(a)* | 120000 | 78632 |
| **George Washington University** | **George Washington University** | **George Washington University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 09/15/44  | 165000 | 139453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 09/15/45  | 105000 | 95856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 09/15/48 *(a)* | 250000 | 201960 |
| **Georgetown University** | **Georgetown University** | **Georgetown University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 04/01/49 *(a)* | 101000 | 83004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.94%, 04/01/50 *(a)* | 100000 | 64367 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 04/01/53 *(a)(c)* | 110000 | 101600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 10/01/18 *(a)* | 115000 | 100758 |
| **Howard University** | **Howard University** | **Howard University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 10/01/52 *(a)* | 115000 | 96491 |
| **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 08/18/28 *(a)* | 300000 | 311289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/01/33 *(a)* | 40000 | 41432 |
| **Jacobs Solutions, Inc.** | **Jacobs Solutions, Inc.** | **Jacobs Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/03/31 *(a)* | 200000 | 197324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/03/36 *(a)* | 100000 | 97429 |
| **Johns Hopkins University** | **Johns Hopkins University** | **Johns Hopkins University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 07/01/32 *(a)* | 100000 | 101131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 07/01/53  | 120000 | 96175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.81%, 01/01/60 *(a)* | 145000 | 84608 |
| **Leland Stanford Junior University** | **Leland Stanford Junior University** | **Leland Stanford Junior University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.29%, 06/01/27 *(a)* | 185000 | 179609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/01/30 *(a)* | 150000 | 149672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 03/01/35 *(a)* | 90000 | 89641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 05/01/48 *(a)* | 220000 | 170685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.41%, 06/01/50 *(a)* | 160000 | 95790 |
| **Massachusetts Institute of Technology** | **Massachusetts Institute of Technology** | **Massachusetts Institute of Technology** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 07/01/38  | 100000 | 92215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.99%, 07/01/50 *(a)* | 220000 | 147160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.29%, 07/01/51 *(a)* | 240000 | 134885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.07%, 04/01/52 *(a)* | 175000 | 117488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 06/01/55 *(a)* | 100000 | 101530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 07/01/11  | 225000 | 220817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 07/01/14  | 215000 | 176616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.89%, 07/01/16  | 185000 | 126636 |
| **MasTec, Inc.** | **MasTec, Inc.** | **MasTec, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 06/15/29 *(a)* | 100000 | 103336 |
| **Northeastern University** | **Northeastern University** | **Northeastern University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.89%, 10/01/50  | 100000 | 65845 |
| **Northwestern University** | **Northwestern University** | **Northwestern University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 12/01/35 *(a)* | 205000 | 206367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.64%, 12/01/44  | 200000 | 188880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 12/01/50 *(a)* | 140000 | 87249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.66%, 12/01/57 *(a)* | 105000 | 76058 |
| **President & Fellows of Harvard College** | **President & Fellows of Harvard College** | **President & Fellows of Harvard College** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 03/15/30 *(a)* | 250000 | 255287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.61%, 02/15/35 *(a)* | 250000 | 247495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/15/40  | 50000 | 48696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 07/15/46 *(a)* | 262000 | 189303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.52%, 10/15/50 *(a)* | 150000 | 90714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 07/15/56 *(a)* | 150000 | 102788 |
| **Quanta Services, Inc.** | **Quanta Services, Inc.** | **Quanta Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/09/28 *(a)* | 150000 | 149855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 10/01/30 *(a)* | 455000 | 422472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/31 *(a)* | 195000 | 193684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 01/15/32 *(a)* | 165000 | 143951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/09/34 *(a)* | 220000 | 221564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/09/35 *(a)* | 150000 | 148080 |
| **Thomas Jefferson University** | **Thomas Jefferson University** | **Thomas Jefferson University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 11/01/57 *(a)* | 125000 | 88440 |
| **Trustees of Boston College** | **Trustees of Boston College** | **Trustees of Boston College** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 07/01/52  | 120000 | 81458 |
| **Trustees of Columbia University in the City of New York** | **Trustees of Columbia University in the City of New York** | **Trustees of Columbia University in the City of New York** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.36%, 10/01/35 *(a)* | 125000 | 121100 |
| **Trustees of Dartmouth College** | **Trustees of Dartmouth College** | **Trustees of Dartmouth College** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.27%, 06/01/30 *(a)* | 115000 | 115233 |
| **Trustees of Princeton University** | **Trustees of Princeton University** | **Trustees of Princeton University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/01/39  | 160000 | 169950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.52%, 07/01/50 *(a)* | 130000 | 80040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/52 *(a)* | 190000 | 157139 |

---

**59**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Trustees of the University of Pennsylvania** | **Trustees of the University of Pennsylvania** | **Trustees of the University of Pennsylvania** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 10/01/50 *(a)* | 85000 | 49882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.67%, 09/01/12  | 110000 | 88927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.61%, 02/15/19 *(a)* | 115000 | 72595 |
| **University of Chicago** | **University of Chicago** | **University of Chicago** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.76%, 04/01/45 *(a)* | 205000 | 161118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 04/01/50 *(a)* | 145000 | 93461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/53 *(a)* | 125000 | 98119 |
| **University of Miami** | **University of Miami** | **University of Miami** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 04/01/52  | 170000 | 133351 |
| **University of Notre Dame du Lac** | **University of Notre Dame du Lac** | **University of Notre Dame du Lac** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.44%, 02/15/45  | 135000 | 103645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.39%, 02/15/48 *(a)* | 109000 | 80930 |
| **University of Southern California** | **University of Southern California** | **University of Southern California** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 10/01/39  | 235000 | 191356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.84%, 10/01/47 *(a)* | 115000 | 90839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.81%, 10/01/50 *(a)* | 90000 | 56568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 10/01/51 *(a)* | 180000 | 116192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 10/01/53 *(a)* | 140000 | 128899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/01/11  | 100000 | 91324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.23%, 10/01/20 *(a)* | 150000 | 84914 |
| **Washington University** | **Washington University** | **Washington University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 04/15/54 *(a)* | 165000 | 119024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/15/22 *(a)* | 175000 | 131507 |
| **William Marsh Rice University** | **William Marsh Rice University** | **William Marsh Rice University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 05/15/45  | 90000 | 71174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 05/15/55  | 125000 | 94325 |
| **Yale University** | **Yale University** | **Yale University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.48%, 04/15/30 *(a)* | 185000 | 167445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/15/32 *(a)* | 100000 | 101727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 04/15/50 *(a)* | 190000 | 113419 |
|  |  | **12685158** |
| ***Technology 2.4%***  | ***Technology 2.4%***  | ***Technology 2.4%***  |
| **Accenture Capital, Inc.** | **Accenture Capital, Inc.** | **Accenture Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 10/04/27 *(a)* | 375000 | 374437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 10/04/29 *(a)* | 325000 | 322783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/04/31 *(a)* | 410000 | 405412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/04/34 *(a)* | 400000 | 387444 |
| **Adobe, Inc.** | **Adobe, Inc.** | **Adobe, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/04/27 *(a)* | 290000 | 292068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/17/28 *(a)* | 200000 | 202500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 04/04/29 *(a)* | 260000 | 264264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/17/30 *(a)* | 200000 | 204300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/01/30 *(a)* | 395000 | 365308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/04/34 *(a)* | 200000 | 200476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/17/35 *(a)* | 95000 | 97235 |
| **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 06/01/32 *(a)* | 175000 | 170832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.39%, 06/01/52 *(a)* | 200000 | 165918 |
| **Alphabet, Inc.** | **Alphabet, Inc.** | **Alphabet, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 08/15/27 *(a)* | 325000 | 311961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/15/28 *(a)* | 485000 | 483705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 02/15/29 *(a)* | 750000 | 743797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/30 *(a)* | 225000 | 223427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 08/15/30 *(a)* | 675000 | 593959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/15/30 *(a)* | 770000 | 764702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/15/31 *(a)* | 950000 | 943559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/32 *(a)* | 390000 | 388054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/15/33 *(a)* | 950000 | 938533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/35 *(a)* | 350000 | 344641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 11/15/35 *(a)* | 1130000 | 1117400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/36 *(a)* | 1250000 | 1244800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 08/15/40 *(a)* | 480000 | 320573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/15/45 *(a)* | 620000 | 606069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/46 *(a)* | 500000 | 497145 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 08/15/50 *(a)* | 765000 | 410461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/55 *(a)* | 435000 | 411027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/15/55 *(a)* | 1265000 | 1225216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/15/56 *(a)* | 1250000 | 1246537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/60 *(a)* | 705000 | 356674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/65 *(a)* | 455000 | 419938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/66 *(a)* | 550000 | 545204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 11/15/75 *(a)* | 860000 | 833994 |
| **Amdocs Ltd.** | **Amdocs Ltd.** | **Amdocs Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54%, 06/15/30 *(a)* | 220000 | 199019 |
| **Analog Devices, Inc.** | **Analog Devices, Inc.** | **Analog Devices, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 06/15/27 *(a)* | 210000 | 208213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/15/28 *(a)* | 250000 | 250355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 10/01/28 *(a)* | 240000 | 225826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/15/30 *(a)* | 250000 | 250772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 10/01/31 *(a)* | 350000 | 308924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/01/34 *(a)* | 150000 | 153077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 10/01/41 *(a)* | 280000 | 201211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/15/45 *(a)* | 100000 | 95734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 10/01/51 *(a)* | 400000 | 254740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/54 *(a)* | 175000 | 166404 |
| **Apple, Inc.** | **Apple, Inc.** | **Apple, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/11/27 *(a)* | 560000 | 555856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/20/27 *(a)* | 325000 | 321594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 09/12/27 *(a)* | 645000 | 635589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/13/27 *(a)* | 450000 | 444249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 02/08/28 *(a)* | 800000 | 762152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/10/28 *(a)* | 450000 | 450693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/12/28 *(a)* | 350000 | 350388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 08/05/28 *(a)* | 700000 | 661374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/08/29 *(a)* | 350000 | 342002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 09/11/29 *(a)* | 600000 | 565884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/10/30 *(a)* | 350000 | 350962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 05/11/30 *(a)* | 605000 | 549243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/12/30 *(a)* | 450000 | 452299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 08/20/30 *(a)* | 380000 | 336790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 02/08/31 *(a)* | 820000 | 731875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 08/05/31 *(a)* | 400000 | 352976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/12/32 *(a)* | 300000 | 304431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 08/08/32 *(a)* | 425000 | 405055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/10/33 *(a)* | 300000 | 301020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/12/35 *(a)* | 300000 | 304977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/23/36 *(a)(c)* | 485000 | 483157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 02/08/41 *(a)* | 495000 | 351559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 05/04/43  | 945000 | 782158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/06/44  | 265000 | 237119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 02/09/45  | 610000 | 465656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/13/45  | 600000 | 525198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 02/23/46 *(a)* | 1260000 | 1129716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 08/04/46 *(a)* | 613000 | 488138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/09/47 *(a)* | 300000 | 251622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/12/47 *(a)* | 300000 | 232539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/13/47 *(a)* | 569000 | 440622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/11/49 *(a)* | 450000 | 296280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 05/11/50 *(a)* | 770000 | 471864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 08/20/50 *(a)* | 475000 | 275956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 02/08/51 *(a)* | 890000 | 540604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 08/05/51 *(a)* | 650000 | 397345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/08/52 *(a)* | 510000 | 397759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 05/10/53 *(a)* | 440000 | 405064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 08/20/60 *(a)* | 475000 | 254457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 02/08/61 *(a)* | 540000 | 308745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 08/05/61 *(a)* | 430000 | 248880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 08/08/62 *(a)* | 360000 | 275123 |
| **Applied Materials, Inc.** | **Applied Materials, Inc.** | **Applied Materials, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 *(a)* | 490000 | 485918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 06/01/30 *(a)* | 250000 | 225085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/31 *(a)* | 160000 | 157077 |

---

**60**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 10/01/35 *(a)* | 155000 | 157407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/15/36 *(a)* | 130000 | 126339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/15/41  | 265000 | 277020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/01/47 *(a)* | 315000 | 267403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 06/01/50 *(a)* | 260000 | 164367 |
| **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/12/28 *(a)* | 265000 | 261446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/21/29 *(a)* | 180000 | 181885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 02/15/32 *(a)* | 220000 | 194423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/10/34 *(a)* | 160000 | 164157 |
| **Atlassian Corp.** | **Atlassian Corp.** | **Atlassian Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/29 *(a)* | 150000 | 151029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/34 *(a)* | 335000 | 328173 |
| **Autodesk, Inc.** | **Autodesk, Inc.** | **Autodesk, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/15/27 *(a)* | 210000 | 207711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 01/15/30 *(a)* | 60000 | 56207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 12/15/31 *(a)* | 420000 | 369130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/35 *(a)* | 160000 | 160285 |
| **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 05/15/28 *(a)* | 330000 | 314619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 09/01/30 *(a)* | 350000 | 307524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/08/32 *(a)* | 325000 | 328679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/09/34 *(a)* | 275000 | 269874 |
| **Avnet, Inc.** | **Avnet, Inc.** | **Avnet, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/28 *(a)* | 150000 | 154571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/31 *(a)* | 185000 | 166071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/32 *(a)* | 150000 | 152028 |
| **Baidu, Inc.** | **Baidu, Inc.** | **Baidu, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 07/06/27  | 200000 | 198474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/29/28 *(a)* | 390000 | 390788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/14/28 *(a)* | 200000 | 202788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 08/23/31 *(a)* | 255000 | 230074 |
| **Broadcom Corp./Broadcom Cayman Finance Ltd.** | **Broadcom Corp./Broadcom Cayman Finance Ltd.** | **Broadcom Corp./Broadcom Cayman Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/28 *(a)* | 255000 | 252067 |
| **Broadcom, Inc.** | **Broadcom, Inc.** | **Broadcom, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/12/27 *(a)* | 148000 | 149578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 02/15/28 *(a)* | 275000 | 264154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 04/15/28 *(a)* | 300000 | 303474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 *(a)(e)* | 265000 | 262366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/29 *(a)* | 470000 | 475391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/12/29 *(a)* | 815000 | 832009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 02/15/30 *(a)* | 400000 | 399052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/30 *(a)* | 200000 | 203728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/15/30 *(a)* | 250000 | 255310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/15/30 *(a)* | 510000 | 512392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/15/30 *(a)* | 355000 | 351031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 11/15/30 *(a)* | 523000 | 515218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/15/31 *(a)* | 230000 | 228188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/15/31 *(a)* | 965000 | 877465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 11/15/31 *(a)* | 450000 | 461997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/15/32 *(a)* | 310000 | 307613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/15/32 *(a)(e)* | 485000 | 469829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/15/32 *(a)* | 450000 | 461137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/15/32 *(a)* | 510000 | 514753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/15/32 *(a)* | 640000 | 623827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/15/33 *(a)* | 390000 | 384587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 02/15/33 *(a)* | 585000 | 511284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.42%, 04/15/33 *(a)* | 835000 | 764543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.47%, 04/15/34 *(a)* | 945000 | 852003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/15/34 *(a)* | 535000 | 527408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/15/35 *(a)* | 730000 | 736351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.14%, 11/15/35 *(a)(e)* | 1311000 | 1115333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/36 *(a)* | 390000 | 385722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/36 *(a)* | 660000 | 643903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.19%, 11/15/36 *(a)(e)* | 912000 | 762514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 05/15/37 *(a)(e)* | 705000 | 684012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/15/38 *(a)* | 510000 | 492522 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/41 *(a)* | 905000 | 723430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/51 *(a)* | 550000 | 409827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 01/15/56 *(a)* | 400000 | 397932 |
| **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/01/29 *(a)* | 275000 | 257323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 05/01/31 *(a)* | 265000 | 236009 |
| **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/10/27  | 195000 | 194801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 09/10/29 *(a)* | 240000 | 239309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/10/34 *(a)* | 420000 | 412952 |
| **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/28 *(a)* | 205000 | 202597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.28%, 12/01/28 *(a)* | 240000 | 230621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/15/29 *(a)* | 265000 | 252481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/01/30 *(a)* | 165000 | 164767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 12/01/31 *(a)* | 305000 | 278700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/22/34 *(a)* | 180000 | 177016 |
| **CGI, Inc.** | **CGI, Inc.** | **CGI, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/14/30 *(a)* | 305000 | 306440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 09/14/31 *(a)* | 175000 | 153101 |
| **Cisco Systems, Inc.** | **Cisco Systems, Inc.** | **Cisco Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/24/28 *(a)* | 300000 | 303387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/26/29 *(a)* | 860000 | 876082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/24/30 *(a)* | 335000 | 341345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/26/31 *(a)* | 845000 | 865846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/24/32 *(a)* | 300000 | 306105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/26/34 *(a)* | 770000 | 781866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/24/35 *(a)* | 475000 | 482011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 02/15/39  | 575000 | 608304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/40  | 640000 | 652083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/26/54 *(a)* | 595000 | 559627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/24/55 *(a)* | 220000 | 213367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/26/64 *(a)* | 265000 | 245456 |
| **Concentrix Corp.** | **Concentrix Corp.** | **Concentrix Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 08/02/28 *(a)(c)* | 375000 | 374074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 08/02/33 *(a)(c)* | 190000 | 177726 |
| **Corning, Inc.** | **Corning, Inc.** | **Corning, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/15/37  | 140000 | 133755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/15/40  | 110000 | 111366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/42  | 160000 | 145792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/15/48 *(a)* | 165000 | 155529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/15/49 *(a)* | 180000 | 135331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/57 *(a)* | 280000 | 220772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/15/68 *(a)* | 125000 | 119590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/15/79 *(a)* | 350000 | 316085 |
| **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 07/15/27 *(a)* | 150000 | 152832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/01/28 *(a)* | 275000 | 278756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/01/28 *(a)* | 300000 | 302154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/15/29 *(a)* | 220000 | 218141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 10/01/29 *(a)* | 575000 | 586943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 02/01/30 *(a)* | 365000 | 361456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/30 *(a)* | 300000 | 303873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 07/15/30 *(a)* | 200000 | 211300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/31 *(a)* | 370000 | 365345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/32 *(a)* | 300000 | 304896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/06/32 *(a)* | 370000 | 365086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/33 *(a)* | 330000 | 343157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/15/34 *(a)* | 345000 | 348226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/01/35 *(a)* | 350000 | 338628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/35 *(a)* | 250000 | 253225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/15/36 *(a)* | 370000 | 362041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.10%, 07/15/36 *(a)* | 300000 | 356697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/15/41 *(a)* | 250000 | 186625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.35%, 07/15/46 *(a)* | 253000 | 313485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 12/15/51 *(a)* | 255000 | 172587 |

---

**61**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Dell, Inc.** | **Dell, Inc.** | **Dell, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 04/15/28  | 150000 | 157604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/15/38  | 185000 | 197021 |
| **DXC Technology Co.** | **DXC Technology Co.** | **DXC Technology Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 09/15/28 *(a)* | 225000 | 211777 |
| **Equifax, Inc.** | **Equifax, Inc.** | **Equifax, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 12/15/27 *(a)* | 325000 | 328383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/01/28 *(a)* | 225000 | 227939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/15/30 *(a)* | 250000 | 234132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 09/15/31 *(a)* | 305000 | 267732 |
| **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/30 *(a)* | 455000 | 450941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/15/33 *(a)* | 200000 | 194662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/34 *(a)* | 300000 | 304758 |
| **Equinix, Inc.** | **Equinix, Inc.** | **Equinix, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 07/15/27 *(a)* | 185000 | 178926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.55%, 03/15/28 *(a)* | 215000 | 203700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/15/28 *(a)* | 185000 | 176220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/18/29 *(a)* | 350000 | 333455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 07/15/30 *(a)* | 325000 | 292175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/15/31 *(a)* | 355000 | 317484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/15/32 *(a)* | 350000 | 331135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/15/50 *(a)* | 195000 | 121479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/15/51 *(a)* | 205000 | 125073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/15/52 *(a)* | 200000 | 132448 |
| **FactSet Research Systems, Inc.** | **FactSet Research Systems, Inc.** | **FactSet Research Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/01/32 *(a)* | 160000 | 144675 |
| **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 03/01/28 *(a)* | 280000 | 265191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/10/28  | 750000 | 747930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/10/29 *(a)* | 700000 | 696717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/01/31 *(a)* | 340000 | 301318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/10/31 *(a)* | 500000 | 496055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/15/32 *(a)* | 225000 | 224345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 03/01/41 *(a)* | 265000 | 190803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/46 *(a)* | 125000 | 101964 |
| **Fiserv, Inc.** | **Fiserv, Inc.** | **Fiserv, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/27 *(a)* | 405000 | 394207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/02/28 *(a)* | 350000 | 355103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 08/21/28 *(a)* | 245000 | 248677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/01/28 *(a)* | 250000 | 247277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/01/29 *(a)* | 810000 | 776166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/30 *(a)* | 50000 | 49590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/15/31 *(a)* | 400000 | 391904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/31 *(a)* | 290000 | 293120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/02/33 *(a)* | 270000 | 273197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/21/33 *(a)* | 420000 | 424641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/34 *(a)* | 225000 | 223922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/12/34 *(a)* | 305000 | 296561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/11/35 *(a)* | 445000 | 432851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/01/49 *(a)* | 625000 | 473244 |
| **Flex Ltd.** | **Flex Ltd.** | **Flex Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/28 *(a)* | 105000 | 107225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/15/29 *(a)* | 250000 | 250985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/12/30 *(a)* | 325000 | 324945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/32 *(a)* | 90000 | 90373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/13/35 *(a)* | 180000 | 177291 |
| **Fortinet, Inc.** | **Fortinet, Inc.** | **Fortinet, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 03/15/31 *(a)* | 235000 | 209063 |
| **Gartner, Inc.** | **Gartner, Inc.** | **Gartner, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/20/31 *(a)* | 110000 | 107394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/20/35 *(a)* | 190000 | 180287 |
| **Genpact Luxembourg SARL/Genpact USA, Inc.** | **Genpact Luxembourg SARL/Genpact USA, Inc.** | **Genpact Luxembourg SARL/Genpact USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/04/29 *(a)* | 125000 | 128821 |
| **Genpact U.K. Finco PLC/Genpact USA, Inc.** | **Genpact U.K. Finco PLC/Genpact USA, Inc.** | **Genpact U.K. Finco PLC/Genpact USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/18/30 *(a)* | 135000 | 132474 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Global Payments, Inc.** | **Global Payments, Inc.** | **Global Payments, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/01/28 *(a)* | 145000 | 143847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/28 *(a)* | 530000 | 525198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 08/15/29 *(a)* | 400000 | 377336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/15/29 *(a)* | 375000 | 377764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 05/15/30 *(a)* | 275000 | 251562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/30 *(a)* | 520000 | 510812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 11/15/31 *(a)* | 200000 | 175434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/15/32 *(a)* | 310000 | 301255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/15/35 *(a)* | 555000 | 533943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/15/49 *(a)* | 370000 | 263836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/15/52 *(a)* | 235000 | 216515 |
| **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/15/27  | 385000 | 382898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/25/27 *(a)* | 350000 | 349538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/28 *(a)* | 190000 | 192974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/15/28 *(a)* | 370000 | 367099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/23/29 *(a)* | 200000 | 199744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/15/29 *(a)* | 515000 | 512549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 10/15/30 *(a)* | 300000 | 294396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/31 *(a)* | 165000 | 163893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/33 *(a)* | 200000 | 198914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/34 *(a)* | 590000 | 571061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 10/15/35 *(a)* | 225000 | 238797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 10/15/45 *(a)* | 460000 | 459356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 10/15/54 *(a)* | 565000 | 507065 |
| **HP, Inc.** | **HP, Inc.** | **HP, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/17/27 *(a)* | 325000 | 319481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 *(a)* | 285000 | 286482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 *(a)* | 395000 | 387902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/17/30 *(a)* | 200000 | 189596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/17/31 *(a)* | 330000 | 293759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/32 *(a)* | 230000 | 218951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/33 *(a)(c)* | 400000 | 405348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/15/41  | 375000 | 370867 |
| **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/05/29 *(a)* | 150000 | 150963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/05/31 *(a)* | 150000 | 150279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/05/34 *(a)* | 300000 | 296361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/05/44 *(a)* | 320000 | 294275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/05/54 *(a)* | 460000 | 409469 |
| **Intel Corp.** | **Intel Corp.** | **Intel Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/11/27 *(a)* | 340000 | 335213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/05/27 *(a)* | 380000 | 376869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/10/28 *(a)* | 555000 | 558891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 08/12/28 *(a)* | 310000 | 290516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/05/29 *(a)* | 315000 | 309928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 11/15/29 *(a)* | 630000 | 584968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/10/30 *(a)* | 365000 | 369960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/25/30 *(a)* | 470000 | 455947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/21/31 *(a)* | 175000 | 176572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/12/31 *(a)* | 435000 | 376923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/05/32 *(a)* | 375000 | 357517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/32  | 195000 | 183579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/10/33 *(a)* | 710000 | 716241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/21/34 *(a)* | 310000 | 309575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/25/40 *(a)* | 250000 | 220550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 08/12/41 *(a)* | 190000 | 130828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/01/41  | 295000 | 258511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/15/42  | 225000 | 181409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/10/43 *(a)* | 305000 | 289299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/29/45 *(a)* | 255000 | 216036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 05/19/46 *(a)* | 360000 | 270673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 05/11/47 *(a)* | 265000 | 197915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.73%, 12/08/47 *(a)* | 540000 | 378643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/15/49 *(a)* | 730000 | 460601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/25/50 *(a)* | 730000 | 591227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 08/12/51 *(a)* | 400000 | 242380 |

---

**62**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/05/52 *(a)* | 520000 | 425734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 02/10/53 *(a)* | 605000 | 557592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/21/54 *(a)* | 355000 | 326089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 02/15/60 *(a)* | 395000 | 217669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/25/60 *(a)* | 360000 | 289973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 08/12/61 *(a)* | 225000 | 125924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 08/05/62 *(a)* | 200000 | 161744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 02/10/63 *(a)* | 435000 | 404833 |
| **International Business Machines Corp.** | **International Business Machines Corp.** | **International Business Machines Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 05/15/27 *(a)* | 410000 | 398659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 07/27/27 *(a)* | 265000 | 264571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/15/28  | 100000 | 103893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/06/28 *(a)* | 375000 | 376421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 02/10/28 *(a)* | 335000 | 337201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/03/29 *(a)* | 150000 | 148509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/15/29  | 1065000 | 1035808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/10/30 *(a)* | 300000 | 303210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 05/15/30 *(a)* | 425000 | 383473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/03/31 *(a)* | 150000 | 147936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 02/09/32 *(a)* | 155000 | 138951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/10/32 *(a)* | 250000 | 252407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/27/32 *(a)* | 300000 | 293904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/29/32  | 200000 | 212562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/03/33 *(a)* | 150000 | 147324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/06/33 *(a)* | 200000 | 199080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/10/35 *(a)* | 285000 | 286664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/03/36 *(a)* | 300000 | 292734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/15/39  | 550000 | 477697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/30/39  | 310000 | 311984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 05/15/40 *(a)* | 250000 | 181143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/20/42  | 375000 | 304376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/19/46  | 210000 | 178689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/49  | 935000 | 720941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 05/15/50 *(a)* | 240000 | 147254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.43%, 02/09/52 *(a)* | 250000 | 164920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/27/52 *(a)* | 285000 | 240036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/06/53 *(a)* | 190000 | 165678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 02/10/55 *(a)* | 340000 | 321708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 02/03/56 *(a)* | 225000 | 215948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 12/01/96  | 90000 | 103006 |
| **Intuit, Inc.** | **Intuit, Inc.** | **Intuit, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.35%, 07/15/27 *(a)* | 260000 | 250853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 07/15/30 *(a)* | 310000 | 276455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/33 *(a)* | 400000 | 407280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/15/53 *(a)* | 365000 | 336150 |
| **Jabil, Inc.** | **Jabil, Inc.** | **Jabil, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/27 *(a)* | 180000 | 179671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/12/28 *(a)* | 180000 | 178421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 02/01/29 *(a)* | 160000 | 158224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/01/29 *(a)* | 120000 | 122401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 01/15/30 *(a)* | 180000 | 172955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/31 *(a)* | 175000 | 161371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/01/33 *(a)* | 150000 | 146019 |
| **Juniper Networks, Inc.** | **Juniper Networks, Inc.** | **Juniper Networks, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/29 *(a)* | 140000 | 136272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/10/30 *(a)* | 240000 | 211032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/41  | 110000 | 107129 |
| **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/06/27 *(a)* | 250000 | 250240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/30/29 *(a)* | 175000 | 166651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/30/30 *(a)* | 385000 | 395872 |
| **KLA Corp.** | **KLA Corp.** | **KLA Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/15/29 *(a)* | 204000 | 203219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/15/32 *(a)* | 300000 | 301497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/01/34 *(a)* | 225000 | 223452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/49 *(a)* | 125000 | 113056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 03/01/50 *(a)* | 265000 | 180860 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/15/52 *(a)* | 430000 | 385981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/62 *(a)* | 280000 | 256012 |
| **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 10/15/28 *(a)* | 140000 | 129553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 10/15/31 *(a)* | 200000 | 166990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 02/20/34 *(a)* | 220000 | 204387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 10/15/41 *(a)* | 200000 | 140326 |
| **Lam Research Corp.** | **Lam Research Corp.** | **Lam Research Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/29 *(a)* | 310000 | 308273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 06/15/30 *(a)* | 250000 | 226198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/15/49 *(a)* | 270000 | 241817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 06/15/50 *(a)* | 225000 | 142153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 06/15/60 *(a)* | 275000 | 167613 |
| **Leidos, Inc.** | **Leidos, Inc.** | **Leidos, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/15/29 *(a)* | 150000 | 148425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/30 *(a)* | 385000 | 379317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/15/31 *(a)* | 400000 | 355940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/32 *(a)* | 100000 | 101974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/33 *(a)* | 185000 | 192191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/35 *(a)* | 150000 | 152672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/36 *(a)* | 200000 | 193440 |
| **Marvell Technology, Inc.** | **Marvell Technology, Inc.** | **Marvell Technology, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 04/15/28 *(a)* | 305000 | 293428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/22/28 *(a)* | 199000 | 200976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/29 *(a)* | 90000 | 92902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/30 *(a)* | 155000 | 155546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 04/15/31 *(a)* | 170000 | 156103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/15/33 *(a)* | 130000 | 137076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/15/35 *(a)* | 225000 | 228850 |
| **Mastercard, Inc.** | **Mastercard, Inc.** | **Mastercard, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 01/15/28 *(a)* | 200000 | 200306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/26/28 *(a)* | 180000 | 178416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/09/28 *(a)* | 220000 | 223335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/28 *(a)* | 310000 | 312960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/01/29 *(a)* | 320000 | 308326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 03/26/30 *(a)* | 400000 | 387164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 03/15/31 *(a)* | 165000 | 146990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 11/18/31 *(a)* | 320000 | 282998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/15/32 *(a)* | 320000 | 317606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/32 *(a)* | 150000 | 153839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/09/33 *(a)* | 250000 | 253485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/09/34 *(a)* | 225000 | 226782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/15/35 *(a)* | 350000 | 343976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/21/46 *(a)* | 200000 | 155316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/26/48 *(a)* | 150000 | 117383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 06/01/49 *(a)* | 385000 | 284580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/26/50 *(a)* | 575000 | 438225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/15/51 *(a)* | 250000 | 159995 |
| **Microchip Technology, Inc.** | **Microchip Technology, Inc.** | **Microchip Technology, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/28  | 300000 | 301905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/29 *(a)* | 255000 | 258603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/15/30 *(a)* | 300000 | 302976 |
| **Micron Technology, Inc.** | **Micron Technology, Inc.** | **Micron Technology, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/15/31 *(a)* | 300000 | 314121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/15/32 *(a)* | 450000 | 405913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/09/33 *(a)* | 200000 | 213458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 09/15/33 *(a)* | 265000 | 283441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/15/35 *(a)* | 200000 | 213234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 11/01/35 *(a)* | 405000 | 437254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.37%, 11/01/41 *(a)* | 200000 | 155380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.48%, 11/01/51 *(a)* | 215000 | 151831 |
| **Microsoft Corp.** | **Microsoft Corp.** | **Microsoft Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/15/27 *(a)* | 235000 | 233820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.35%, 09/15/30 *(a)* | 180000 | 160326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/12/35 *(a)* | 525000 | 489158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/03/35 *(a)* | 200000 | 196038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 08/08/36 *(a)* | 620000 | 559240 |

---

**63**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/06/37 *(a)* | 380000 | 362239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/39  | 105000 | 109015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/40  | 65000 | 62083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/08/41  | 150000 | 154100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/42  | 145000 | 117077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/12/45 *(a)* | 15000 | 12129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 11/03/45 *(a)* | 235000 | 208927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/08/46 *(a)* | 535000 | 422110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/06/47 *(a)* | 410000 | 349718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/15/47 *(a)* | 283000 | 248989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.53%, 06/01/50 *(a)* | 1885000 | 1130265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/15/50 *(a)* | 460000 | 273364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 03/17/52 *(a)* | 1809000 | 1164055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/12/55 *(a)* | 185000 | 145432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/08/56 *(a)* | 325000 | 248927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/06/57 *(a)* | 400000 | 341992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.68%, 06/01/60 *(a)* | 1100000 | 614603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.04%, 03/17/62 *(a)* | 641000 | 389645 |
| **Moody's Corp.** | **Moody's Corp.** | **Moody's Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/28 *(a)* | 100000 | 98187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/01/29 *(a)* | 220000 | 220158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/19/31 *(a)* | 210000 | 185000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/05/34 *(a)* | 150000 | 150107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/19/41 *(a)* | 195000 | 137801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/44  | 175000 | 164299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 12/17/48 *(a)* | 150000 | 131304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/20/50 *(a)* | 100000 | 66107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/25/52 *(a)* | 185000 | 133516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 11/29/61 *(a)* | 260000 | 153980 |
| **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/23/28 *(a)* | 275000 | 276180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/29 *(a)* | 265000 | 268559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/23/29 *(a)* | 225000 | 225297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 08/15/30 *(a)* | 170000 | 171290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/15/30 *(a)* | 275000 | 247970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/24/31 *(a)* | 345000 | 313619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/01/32 *(a)* | 180000 | 186640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/32 *(a)* | 150000 | 152175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/15/34 *(a)* | 215000 | 217887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/35 *(a)* | 260000 | 265923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/44  | 100000 | 95642 |
| **MSCI, Inc.** | **MSCI, Inc.** | **MSCI, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/35 *(a)* | 370000 | 362604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/36 *(a)* | 150000 | 145508 |
| **NetApp, Inc.** | **NetApp, Inc.** | **NetApp, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 06/22/27 *(a)* | 215000 | 209702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/22/30 *(a)* | 250000 | 229622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/17/32 *(a)* | 190000 | 194410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/17/35 *(a)* | 200000 | 203830 |
| **Nokia OYJ** | **Nokia OYJ** | **Nokia OYJ** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/12/27  | 165000 | 164193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/15/39  | 150000 | 157449 |
| **NVIDIA Corp.** | **NVIDIA Corp.** | **NVIDIA Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.55%, 06/15/28 *(a)* | 365000 | 346878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 04/01/30 *(a)* | 455000 | 432104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 06/15/31 *(a)* | 330000 | 295822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/40 *(a)* | 350000 | 292019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/50 *(a)* | 600000 | 442614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/60 *(a)* | 175000 | 125846 |
| **NXP BV/NXP Funding LLC** | **NXP BV/NXP Funding LLC** | **NXP BV/NXP Funding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 12/01/28 *(a)* | 130000 | 133133 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/01/27 *(a)* | 165000 | 162781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/01/27 *(a)* | 170000 | 170007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/19/28 *(a)* | 375000 | 373530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/18/29 *(a)* | 320000 | 317219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 05/01/30 *(a)* | 275000 | 262234 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/11/31 *(a)* | 315000 | 283012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 02/15/32 *(a)* | 300000 | 264852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 08/19/32 *(a)* | 90000 | 88961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/33 *(a)* | 255000 | 254044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/19/35 *(a)* | 210000 | 209141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/11/41 *(a)* | 300000 | 221253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 02/15/42 *(a)* | 95000 | 67389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/30/51 *(a)* | 150000 | 96332 |
| **Oracle Corp.** | **Oracle Corp.** | **Oracle Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 04/01/27 *(a)* | 685000 | 673389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/15/27 *(a)* | 780000 | 761444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/25/28 *(a)* | 645000 | 614827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/06/28 *(a)* | 260000 | 259228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/03/28 *(a)* | 490000 | 490269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/04/29 *(a)* | 950000 | 937963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/27/29 *(a)* | 490000 | 474923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 11/09/29 *(a)* | 380000 | 392035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 04/01/30 *(a)* | 1000000 | 912500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/06/30 *(a)* | 200000 | 195566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/30 *(a)* | 230000 | 212663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/26/30 *(a)* | 910000 | 877149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/04/31 *(a)* | 1100000 | 1077087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 03/25/31 *(a)* | 1030000 | 915680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/03/32 *(a)* | 410000 | 403206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/26/32 *(a)* | 960000 | 914074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/09/32 *(a)* | 720000 | 739800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/06/33 *(a)* | 490000 | 464804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 05/04/33 *(a)* | 950000 | 924863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/08/34 *(a)* | 570000 | 506975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/27/34 *(a)* | 570000 | 520228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/15/35 *(a)* | 445000 | 376995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/03/35 *(a)* | 600000 | 574278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/26/35 *(a)* | 1275000 | 1197136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 02/04/36 *(a)* | 1500000 | 1442865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 07/15/36 *(a)* | 355000 | 294590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/15/37 *(a)* | 535000 | 424785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 04/15/38  | 410000 | 412587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 07/08/39  | 455000 | 434056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/01/40 *(a)* | 850000 | 617550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 07/15/40  | 650000 | 570986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 03/25/41 *(a)* | 855000 | 608461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/08/44 *(a)* | 335000 | 247632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/15/45 *(a)* | 645000 | 444115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 09/26/45 *(a)* | 805000 | 695439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 02/04/46 *(a)* | 700000 | 653940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/15/46 *(a)* | 975000 | 657715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/47 *(a)* | 685000 | 452579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/01/50 *(a)* | 1465000 | 884845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/25/51 *(a)* | 1105000 | 700747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 11/09/52 *(a)* | 745000 | 705284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/06/53 *(a)* | 730000 | 582774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 09/27/54 *(a)* | 570000 | 442018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/55 *(a)* | 420000 | 277960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/03/55 *(a)* | 570000 | 478361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/26/55 *(a)* | 1125000 | 946654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 02/04/56 *(a)* | 1500000 | 1390395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/01/60 *(a)* | 1140000 | 671905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/25/61 *(a)* | 535000 | 330978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/27/64 *(a)* | 415000 | 316981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 08/03/65 *(a)* | 335000 | 277990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 09/26/65 *(a)* | 640000 | 531162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 02/04/66 *(a)* | 875000 | 804072 |
| **Paychex, Inc.** | **Paychex, Inc.** | **Paychex, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/15/30 *(a)* | 400000 | 403884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/15/32 *(a)* | 450000 | 452520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/15/35 *(a)* | 400000 | 402088 |

---

**64**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/01/27 *(a)* | 150000 | 149334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/06/28 *(a)* | 280000 | 280876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 10/01/29 *(a)* | 425000 | 403248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/01/30 *(a)* | 300000 | 274728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/01/32 *(a)* | 430000 | 422703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/01/34 *(a)* | 205000 | 204576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/01/35 *(a)* | 150000 | 148950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/50 *(a)* | 305000 | 197140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/01/52 *(a)* | 310000 | 265596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/54 *(a)* | 165000 | 150762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/62 *(a)* | 150000 | 129659 |
| **Qorvo, Inc.** | **Qorvo, Inc.** | **Qorvo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/15/29 *(a)* | 310000 | 303313 |
| **QUALCOMM, Inc.** | **QUALCOMM, Inc.** | **QUALCOMM, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/20/27 *(a)* | 550000 | 544940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 05/20/28 *(a)* | 354000 | 334187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 05/20/30 *(a)* | 450000 | 412182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/20/30 *(a)* | 210000 | 211170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 05/20/32 *(a)* | 480000 | 406690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/20/32 *(a)* | 260000 | 256032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/20/33 *(a)* | 115000 | 119759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/20/35 *(a)* | 300000 | 295449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/20/45 *(a)* | 475000 | 420332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/20/47 *(a)* | 460000 | 373985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/20/50 *(a)* | 485000 | 325372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/20/52 *(a)* | 300000 | 245268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/20/53 *(a)* | 425000 | 433343 |
| **RELX Capital, Inc.** | **RELX Capital, Inc.** | **RELX Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/18/29 *(a)* | 285000 | 282284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/22/30 *(a)* | 200000 | 188392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/20/32 *(a)* | 220000 | 219512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/27/35 *(a)* | 340000 | 344100 |
| **Roper Technologies, Inc.** | **Roper Technologies, Inc.** | **Roper Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 09/15/27 *(a)* | 195000 | 186750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/15/28 *(a)* | 250000 | 248255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/28 *(a)* | 150000 | 149211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/15/29 *(a)* | 220000 | 207909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/29 *(a)* | 45000 | 44759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 06/30/30 *(a)* | 100000 | 89288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/15/30 *(a)* | 150000 | 147776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/15/31 *(a)* | 315000 | 272050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/32 *(a)* | 150000 | 148197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/15/34 *(a)* | 490000 | 473394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/15/35 *(a)* | 290000 | 281741 |
| **S&P Global, Inc.** | **S&P Global, Inc.** | **S&P Global, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/01/28 *(a)* | 260000 | 262831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/01/29 *(a)* | 385000 | 370539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/01/29 *(a)* | 240000 | 239410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 08/15/30 *(a)* | 250000 | 218043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/31 *(a)(e)* | 215000 | 212566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/01/32 *(a)* | 490000 | 447331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/33 *(a)* | 265000 | 272865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 12/04/35 *(a)(e)* | 120000 | 117564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 12/01/49 *(a)* | 255000 | 172890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/01/52 *(a)* | 300000 | 218673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 08/15/60 *(a)* | 320000 | 154832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/01/62 *(a)* | 200000 | 142990 |
| **Salesforce, Inc.** | **Salesforce, Inc.** | **Salesforce, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 *(a)* | 1000000 | 1000410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/11/28 *(a)* | 480000 | 474782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 07/15/28 *(a)* | 330000 | 310022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/29 *(a)* | 1525000 | 1528096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 07/15/31 *(a)* | 450000 | 392778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/15/31 *(a)* | 1000000 | 998850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/33 *(a)* | 1000000 | 998520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/36 *(a)* | 1500000 | 1495845 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 07/15/41 *(a)* | 390000 | 266097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 03/15/46 *(a)* | 400000 | 402944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 07/15/51 *(a)* | 650000 | 381452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 03/15/56 *(a)* | 1250000 | 1254212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 07/15/61 *(a)* | 475000 | 265102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 03/15/66 *(a)* | 300000 | 304932 |
| **ServiceNow, Inc.** | **ServiceNow, Inc.** | **ServiceNow, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 09/01/30 *(a)* | 530000 | 460035 |
| **Skyworks Solutions, Inc.** | **Skyworks Solutions, Inc.** | **Skyworks Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/01/31 *(a)* | 170000 | 151900 |
| **Synopsys, Inc.** | **Synopsys, Inc.** | **Synopsys, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/01/27  | 295000 | 295519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 04/01/28 *(a)* | 295000 | 296277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/01/30 *(a)* | 675000 | 680164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/32 *(a)* | 500000 | 504605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/01/35 *(a)* | 770000 | 771655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 04/01/55 *(a)* | 500000 | 478445 |
| **TD SYNNEX Corp.** | **TD SYNNEX Corp.** | **TD SYNNEX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 08/09/28 *(a)* | 225000 | 213539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/17/29 *(a)* | 200000 | 197736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 08/09/31 *(a)* | 110000 | 97694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 04/12/34 *(a)* | 240000 | 248045 |
| **Teledyne FLIR LLC** | **Teledyne FLIR LLC** | **Teledyne FLIR LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 08/01/30 *(a)* | 235000 | 216261 |
| **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/01/28 *(a)* | 200000 | 191978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/01/31 *(a)* | 305000 | 279121 |
| **Tencent Music Entertainment Group** | **Tencent Music Entertainment Group** | **Tencent Music Entertainment Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 09/03/30 *(a)* | 235000 | 212142 |
| **Texas Instruments, Inc.** | **Texas Instruments, Inc.** | **Texas Instruments, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 11/03/27 *(a)* | 310000 | 305223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/15/28 *(a)* | 150000 | 151296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/08/29 *(a)* | 225000 | 227999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 09/04/29 *(a)* | 350000 | 328188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 05/04/30 *(a)* | 350000 | 316403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/23/30 *(a)* | 150000 | 150648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 08/16/32 *(a)* | 280000 | 266501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/14/33 *(a)* | 355000 | 361546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/23/35 *(a)* | 200000 | 202826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/15/39 *(a)* | 190000 | 165990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/15/48 *(a)* | 510000 | 413370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 09/15/51 *(a)* | 125000 | 75105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 08/16/52 *(a)* | 115000 | 89560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/14/53 *(a)* | 285000 | 257868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/08/54 *(a)* | 225000 | 209322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/18/63 *(a)* | 480000 | 422122 |
| **TR Finance LLC** | **TR Finance LLC** | **TR Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/35  | 185000 | 186351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/15/40  | 125000 | 121648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/23/43 *(a)* | 120000 | 113423 |
| **Trimble, Inc.** | **Trimble, Inc.** | **Trimble, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/15/28 *(a)* | 175000 | 175632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/33 *(a)* | 350000 | 366740 |
| **TSMC Arizona Corp.** | **TSMC Arizona Corp.** | **TSMC Arizona Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/22/27 *(a)* | 375000 | 373594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/22/29 *(a)* | 220000 | 218990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 10/25/31 *(a)* | 350000 | 317184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/22/32 *(a)* | 335000 | 332451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 10/25/41 *(a)* | 200000 | 161704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/25/51 *(a)* | 295000 | 222359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/22/52 *(a)(c)* | 380000 | 354339 |
| **VeriSign, Inc.** | **VeriSign, Inc.** | **VeriSign, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/27 *(a)* | 180000 | 180056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/15/31 *(a)* | 470000 | 421026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/32 *(a)* | 130000 | 131167 |

---

**65**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/29 *(a)* | 300000 | 298677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/05/34 *(a)* | 230000 | 229013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/35 *(a)* | 235000 | 233120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/45 *(a)* | 205000 | 192395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/15/50 *(a)* | 225000 | 157439 |
| **Visa, Inc.** | **Visa, Inc.** | **Visa, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 04/15/27 *(a)* | 420000 | 411281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 08/15/27 *(a)* | 240000 | 229800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/15/27 *(a)* | 315000 | 309623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/12/29 *(a)* | 275000 | 273482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 04/15/30 *(a)* | 460000 | 423347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/12/31 *(a)* | 250000 | 249740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 02/15/31 *(a)* | 330000 | 285800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/12/33 *(a)* | 200000 | 198158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/14/35 *(a)* | 530000 | 505079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/12/36 *(a)* | 200000 | 198046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/15/40 *(a)* | 260000 | 196440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/14/45 *(a)* | 925000 | 784983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 09/15/47 *(a)* | 310000 | 236431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/15/50 *(a)* | 425000 | 224885 |
| **VMware LLC** | **VMware LLC** | **VMware LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 08/15/28 *(a)* | 265000 | 249543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/15/30 *(a)* | 200000 | 201366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 08/15/31 *(a)* | 510000 | 448198 |
| **Western Union Co.** | **Western Union Co.** | **Western Union Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 03/15/31 *(a)(c)* | 190000 | 172155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/17/36 *(c)* | 200000 | 204256 |
| **Workday, Inc.** | **Workday, Inc.** | **Workday, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/27 *(a)* | 340000 | 337008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/29 *(a)* | 225000 | 219402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/01/32 *(a)* | 375000 | 348292 |
| **Xilinx, Inc.** | **Xilinx, Inc.** | **Xilinx, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 06/01/30 *(a)* | 290000 | 267728 |
|  |  | **242141689** |
| ***Transportation 0.5%***  | ***Transportation 0.5%***  | ***Transportation 0.5%***  |
| **American Airlines 2012-1 Class AA Pass-Through Trust** | **American Airlines 2012-1 Class AA Pass-Through Trust** | **American Airlines 2012-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 01/11/36  | 239634 | 214554 |
| **American Airlines 2015-1 Class A Pass-Through Trust** | **American Airlines 2015-1 Class A Pass-Through Trust** | **American Airlines 2015-1 Class A Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/01/28  | 106669 | 105017 |
| **American Airlines 2015-2 Class AA Pass-Through Trust** | **American Airlines 2015-2 Class AA Pass-Through Trust** | **American Airlines 2015-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 03/22/29  | 163126 | 160382 |
| **American Airlines 2016-1 Class AA Pass-Through Trust** | **American Airlines 2016-1 Class AA Pass-Through Trust** | **American Airlines 2016-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.58%, 07/15/29  | 189129 | 185757 |
| **American Airlines 2016-2 Class AA Pass-Through Trust** | **American Airlines 2016-2 Class AA Pass-Through Trust** | **American Airlines 2016-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 12/15/29  | 149048 | 144891 |
| **American Airlines 2016-3 Class AA Pass-Through Trust** | **American Airlines 2016-3 Class AA Pass-Through Trust** | **American Airlines 2016-3 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 04/15/30  | 134815 | 130674 |
| **American Airlines 2017-1 Class AA Pass-Through Trust** | **American Airlines 2017-1 Class AA Pass-Through Trust** | **American Airlines 2017-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 08/15/30  | 153225 | 149019 |
| **American Airlines 2017-2 Class AA Pass-Through Trust** | **American Airlines 2017-2 Class AA Pass-Through Trust** | **American Airlines 2017-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/15/31  | 89112 | 85749 |
| **American Airlines 2019-1 Class AA Pass-Through Trust** | **American Airlines 2019-1 Class AA Pass-Through Trust** | **American Airlines 2019-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/33  | 171978 | 160174 |
| **American Airlines Pass-Through Trust** | **American Airlines Pass-Through Trust** | **American Airlines Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/11/39  | 275000 | 265193 |
| **Burlington Northern Santa Fe LLC** | **Burlington Northern Santa Fe LLC** | **Burlington Northern Santa Fe LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/15/27 *(a)* | 245000 | 242991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 08/15/36  | 50000 | 54640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 05/01/37  | 105000 | 114214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/01/40 *(a)* | 165000 | 171524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/01/41 *(a)* | 200000 | 192814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/01/41 *(a)* | 150000 | 150045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/41 *(a)* | 115000 | 109851 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/42 *(a)* | 265000 | 233208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 09/01/42 *(a)* | 230000 | 199969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/15/43 *(a)* | 70000 | 61044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/01/43 *(a)* | 200000 | 189938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/01/44 *(a)* | 350000 | 321618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/01/44 *(a)* | 235000 | 205376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/01/45 *(a)* | 350000 | 288403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/01/45 *(a)* | 250000 | 221587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 08/01/46 *(a)* | 225000 | 176362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/15/47 *(a)* | 250000 | 201968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 06/15/48 *(a)* | 70000 | 55245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/15/48 *(a)* | 330000 | 265039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 02/15/50 *(a)* | 305000 | 220643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 02/15/51 *(a)* | 400000 | 259184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 09/15/51 *(a)* | 350000 | 236512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 06/15/52 *(a)* | 215000 | 132419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 01/15/53 *(a)* | 305000 | 251948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/15/54 *(a)* | 490000 | 451422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/55 *(a)* | 340000 | 327740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/56 *(a)* | 290000 | 281549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/56 *(a)* | 315000 | 318062 |
| **Canadian National Railway Co.** | **Canadian National Railway Co.** | **Canadian National Railway Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 07/15/28  | 210000 | 222106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/12/31 *(a)* | 90000 | 88789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 08/05/32 *(a)* | 300000 | 286926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/01/33 *(a)* | 215000 | 229272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 09/18/34 *(a)* | 200000 | 193366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/12/35 *(a)* | 120000 | 118528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/15/37  | 150000 | 165275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 08/02/46 *(a)* | 175000 | 123729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 02/03/48 *(a)* | 235000 | 175968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 01/20/49 *(a)* | 205000 | 172317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 05/01/50 *(a)* | 150000 | 87756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 08/05/52 *(a)* | 250000 | 208478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/01/53 *(a)* | 185000 | 194233 |
| **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/28 *(a)* | 170000 | 169075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/29 *(a)* | 200000 | 197748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 11/15/29 *(a)* | 225000 | 213842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 03/05/30 *(a)* | 245000 | 224285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 10/15/31  | 95000 | 106084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 12/02/31 *(a)* | 425000 | 378033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/30/35 *(a)* | 15000 | 15296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/15/35 *(a)* | 145000 | 143776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 05/15/37  | 195000 | 207437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 12/02/41 *(a)* | 395000 | 290562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/15/43 *(a)* | 125000 | 106738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/01/45 *(a)* | 160000 | 142973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/45 *(a)* | 160000 | 146258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/01/48 *(a)* | 220000 | 191299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/01/50 *(a)* | 125000 | 88565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 12/02/51 *(a)* | 610000 | 399678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/15/69 *(a)* | 135000 | 100022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 09/15/15 *(a)* | 274000 | 276784 |
| **CH Robinson Worldwide, Inc.** | **CH Robinson Worldwide, Inc.** | **CH Robinson Worldwide, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/28 *(a)* | 185000 | 183701 |
| **CSX Corp.** | **CSX Corp.** | **CSX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/27 *(a)* | 313000 | 309598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/01/28 *(a)* | 300000 | 297555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/29 *(a)* | 150000 | 149858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 02/15/30 *(a)* | 225000 | 209234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/15/32 *(a)* | 180000 | 174587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/15/33 *(a)* | 100000 | 102596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/15/35 *(a)* | 250000 | 251002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/01/36  | 200000 | 214118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 05/01/37  | 230000 | 248876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.22%, 04/30/40  | 200000 | 216026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/41 *(a)* | 180000 | 181541 |

---

**66**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/30/42 *(a)* | 50000 | 45696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/01/43 *(a)* | 180000 | 157790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/15/44 *(a)* | 250000 | 207045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/01/46 *(a)* | 260000 | 199753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/01/48 *(a)* | 280000 | 229748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/48 *(a)* | 220000 | 191457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/49 *(a)* | 200000 | 167348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 09/15/49 *(a)* | 260000 | 180268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/15/50 *(a)* | 150000 | 111698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/01/50 *(a)* | 175000 | 134292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/15/51 *(a)* | 250000 | 147280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/52 *(a)* | 345000 | 288403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/01/54 *(a)* | 205000 | 169763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/01/66 *(a)* | 200000 | 151080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/01/68 *(a)* | 200000 | 162206 |
| **Delta Air Lines 2020-1 Class AA Pass-Through Trust** | **Delta Air Lines 2020-1 Class AA Pass-Through Trust** | **Delta Air Lines 2020-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/10/29  | 288587 | 279341 |
| **Delta Air Lines, Inc.** | **Delta Air Lines, Inc.** | **Delta Air Lines, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/19/28 *(a)* | 145000 | 144081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/10/28 *(a)* | 290000 | 291090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/28/29 *(a)* | 200000 | 192714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/10/30 *(a)* | 290000 | 292303 |
| **Federal Express Corp. Pass-Through Trusts** | **Federal Express Corp. Pass-Through Trusts** | **Federal Express Corp. Pass-Through Trusts** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 08/20/35  | 250595 | 216108 |
| **FedEx Corp.** | **FedEx Corp.** | **FedEx Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/15/28 *(a)* | 130000 | 127800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 08/05/29 *(a)* | 345000 | 330790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/30 *(a)* | 260000 | 257420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 05/15/31 *(a)* | 355000 | 319939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/34  | 137000 | 135707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 02/01/35  | 155000 | 142647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/41 *(a)* | 200000 | 150702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/01/42  | 100000 | 79245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/15/43  | 75000 | 60768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/15/44  | 175000 | 160144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/01/45  | 187000 | 147429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/45 *(a)* | 375000 | 320928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/01/46 *(a)* | 325000 | 270845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/47 *(a)* | 215000 | 173423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 02/15/48 *(a)* | 275000 | 209754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/17/48 *(a)* | 255000 | 221411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/50 *(a)* | 300000 | 275013 |
| **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/31 *(a)(e)* | 300000 | 294900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/33 *(a)(e)* | 200000 | 195306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/36 *(a)(e)* | 300000 | 290232 |
| **GXO Logistics, Inc.** | **GXO Logistics, Inc.** | **GXO Logistics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 07/15/31 *(a)* | 150000 | 133769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/06/34 *(a)* | 215000 | 225705 |
| **JB Hunt Transport Services, Inc.** | **JB Hunt Transport Services, Inc.** | **JB Hunt Transport Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/30 *(a)* | 200000 | 202654 |
| **JetBlue 2019-1 Class AA Pass-Through Trust** | **JetBlue 2019-1 Class AA Pass-Through Trust** | **JetBlue 2019-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/15/33  | 262641 | 231852 |
| **JetBlue 2020-1 Class A Pass-Through Trust** | **JetBlue 2020-1 Class A Pass-Through Trust** | **JetBlue 2020-1 Class A Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/34  | 158112 | 149235 |
| **Kirby Corp.** | **Kirby Corp.** | **Kirby Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/28 *(a)* | 150000 | 149151 |
| **Norfolk Southern Corp.** | **Norfolk Southern Corp.** | **Norfolk Southern Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.80%, 05/15/27  | 140000 | 145292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 06/01/27 *(a)* | 100000 | 98730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 08/01/28 *(a)* | 200000 | 197950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 11/01/29 *(a)* | 200000 | 188430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 08/01/30 *(a)* | 170000 | 173873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/15/31 *(a)* | 200000 | 179284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/15/32 *(a)* | 235000 | 214550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/01/33 *(a)* | 130000 | 127706 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/01/35 *(a)* | 100000 | 100333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 10/01/41  | 285000 | 263311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 10/01/42 *(a)* | 100000 | 81439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/15/45 *(a)* | 170000 | 144237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/15/46 *(a)* | 170000 | 147314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.94%, 11/01/47 *(a)* | 260000 | 199597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/28/48 *(a)* | 275000 | 218333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 05/15/49 *(a)* | 100000 | 77997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 11/01/49 *(a)* | 160000 | 110656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 05/15/50 *(a)* | 300000 | 192633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 08/25/51 *(a)* | 90000 | 55328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 08/15/52 *(a)* | 265000 | 201278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/53 *(a)* | 155000 | 109892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 06/01/53 *(a)* | 305000 | 251515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 08/01/54 *(a)* | 225000 | 210019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.16%, 05/15/55 *(a)* | 260000 | 164941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/64 *(a)* | 145000 | 144230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/01/18 *(a)* | 210000 | 178863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 05/15/21 *(a)* | 195000 | 132415 |
| **Ryder System, Inc.** | **Ryder System, Inc.** | **Ryder System, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/27 *(a)* | 50000 | 50018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/01/28 *(a)* | 150000 | 153435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/28 *(a)* | 255000 | 259258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 12/01/28 *(a)* | 150000 | 156885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/15/29 *(a)* | 135000 | 138239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/01/29 *(a)* | 50000 | 50706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/01/29 *(a)* | 125000 | 126470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/30 *(a)* | 120000 | 121754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 12/01/33 *(a)* | 325000 | 356824 |
| **Southwest Airlines Co.** | **Southwest Airlines Co.** | **Southwest Airlines Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/15/27 *(a)* | 550000 | 551963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 11/16/27 *(a)* | 125000 | 122726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/28 *(a)* | 200000 | 197536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 02/10/30 *(a)* | 140000 | 128367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/35 *(a)* | 200000 | 187772 |
| **Triton Container International Ltd./TAL International Container Corp.** | **Triton Container International Ltd./TAL International Container Corp.** | **Triton Container International Ltd./TAL International Container Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/15/32 *(a)* | 210000 | 189307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/33 *(a)* | 190000 | 186301 |
| **Union Pacific Corp.** | **Union Pacific Corp.** | **Union Pacific Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 04/15/27 *(a)* | 75000 | 74105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/10/28 *(a)* | 300000 | 298320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 02/01/29  | 190000 | 202299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/01/29 *(a)* | 310000 | 305750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 02/05/30 *(a)* | 310000 | 288610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/20/31 *(a)* | 300000 | 271965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 02/14/32 *(a)* | 400000 | 363804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/20/33 *(a)* | 50000 | 49853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/01/35 *(a)* | 220000 | 196376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/20/35 *(a)* | 300000 | 305928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.89%, 04/06/36 *(a)* | 250000 | 210180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/15/37 *(a)* | 200000 | 175318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 08/15/39 *(a)* | 165000 | 138988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/20/41 *(a)* | 350000 | 270469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/14/42 *(a)* | 100000 | 77690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 11/15/45 *(a)* | 120000 | 96878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/01/46 *(a)* | 175000 | 140434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 08/15/46 *(a)* | 225000 | 160488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/47 *(a)* | 200000 | 157502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/10/48 *(a)* | 230000 | 194067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/01/49 *(a)* | 275000 | 225060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/05/50 *(a)* | 615000 | 417468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 10/01/51 *(a)* | 325000 | 241121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/10/52 *(a)* | 110000 | 68860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/14/53 *(a)* | 405000 | 282143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 12/01/54 *(a)* | 300000 | 294315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/01/55 *(a)* | 255000 | 189172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/15/59 *(a)* | 200000 | 145340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.84%, 03/20/60 *(a)* | 580000 | 412600 |

---

**67**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 05/20/61 *(a)* | 260000 | 171792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 09/16/62 *(a)* | 350000 | 201709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/20/63 *(a)* | 70000 | 62532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 09/15/67 *(a)* | 225000 | 163343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/05/70 *(a)* | 280000 | 186388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/06/71 *(a)* | 300000 | 202785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 02/14/72 *(a)* | 215000 | 146462 |
| **United Airlines 2016-1 Class AA Pass-Through Trust** | **United Airlines 2016-1 Class AA Pass-Through Trust** | **United Airlines 2016-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/07/30  | 146145 | 141807 |
| **United Airlines 2016-2 Class AA Pass-Through Trust** | **United Airlines 2016-2 Class AA Pass-Through Trust** | **United Airlines 2016-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 04/07/30  | 180664 | 174068 |
| **United Airlines 2018-1 Class AA Pass-Through Trust** | **United Airlines 2018-1 Class AA Pass-Through Trust** | **United Airlines 2018-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/01/31  | 208002 | 200814 |
| **United Airlines 2019-1 Class AA Pass-Through Trust** | **United Airlines 2019-1 Class AA Pass-Through Trust** | **United Airlines 2019-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/25/33  | 125324 | 122093 |
| **United Airlines 2019-2 Class AA Pass-Through Trust** | **United Airlines 2019-2 Class AA Pass-Through Trust** | **United Airlines 2019-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 11/01/33  | 212095 | 194756 |
| **United Airlines 2020-1 Class A Pass-Through Trust** | **United Airlines 2020-1 Class A Pass-Through Trust** | **United Airlines 2020-1 Class A Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/15/29  | 434684 | 441544 |
| **United Airlines 2023-1 Class A Pass-Through Trust** | **United Airlines 2023-1 Class A Pass-Through Trust** | **United Airlines 2023-1 Class A Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 07/15/37  | 382464 | 394106 |
| **United Airlines Pass-Through Trust** | **United Airlines Pass-Through Trust** | **United Airlines Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/15/38  | 253731 | 258550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 08/15/38  | 46987 | 47322 |
| **United Parcel Service, Inc.** | **United Parcel Service, Inc.** | **United Parcel Service, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 11/15/27 *(a)* | 300000 | 295437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/15/29 *(a)* | 275000 | 269002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/01/29 *(a)* | 125000 | 118256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 04/01/30 *(a)* | 325000 | 327587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/03/33 *(a)* | 240000 | 244908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/22/34 *(a)* | 250000 | 257235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/14/35 *(a)* | 400000 | 408596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 01/15/38  | 450000 | 491296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/40 *(a)* | 230000 | 227663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/40 *(a)* | 160000 | 152402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/01/42  | 110000 | 86925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 11/15/46 *(a)* | 235000 | 168695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/15/47 *(a)* | 360000 | 271112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/49 *(a)* | 235000 | 188881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 09/01/49 *(a)* | 300000 | 209043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/50 *(a)* | 395000 | 370079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/03/53 *(a)* | 335000 | 298864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/22/54 *(a)* | 335000 | 320036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 05/14/55 *(a)* | 375000 | 379380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 05/22/64 *(a)* | 225000 | 212825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 05/14/65 *(a)* | 345000 | 347194 |
|  |  | **47255145** |
|  |  | **1355484590** |
| **Utility 2.4%** | **Utility 2.4%** | **Utility 2.4%** |
| ***Electric 2.1%***  | ***Electric 2.1%***  | ***Electric 2.1%***  |
| **AEP Texas, Inc.** | **AEP Texas, Inc.** | **AEP Texas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 06/01/28 *(a)* | 105000 | 104051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 05/15/29 *(a)* | 200000 | 205284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 07/01/30 *(a)* | 200000 | 181224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/15/32 *(a)* | 275000 | 271967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/01/33 *(a)* | 150000 | 152474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/15/34 *(a)* | 100000 | 103323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/15/36 *(a)* | 200000 | 196928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 10/01/47 *(a)* | 130000 | 93599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/01/49 *(a)* | 100000 | 75867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 01/15/50 *(a)* | 125000 | 83806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 05/15/51 *(a)* | 125000 | 82939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/52 *(a)* | 175000 | 156541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 10/15/55 *(a)* | 220000 | 212742 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **AEP Transmission Co. LLC** | **AEP Transmission Co. LLC** | **AEP Transmission Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/01/34 *(a)* | 135000 | 136177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/15/35 *(a)* | 150000 | 152648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/46 *(a)* | 125000 | 98649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/01/47 *(a)* | 140000 | 104248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/48 *(a)* | 100000 | 79723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 06/15/49 *(a)* | 155000 | 114506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 09/15/49 *(a)* | 200000 | 131758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 04/01/50 *(a)* | 225000 | 163744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/15/51 *(a)* | 125000 | 75343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/15/52 *(a)* | 175000 | 144090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/53 *(a)* | 200000 | 189460 |
| **AES Corp.** | **AES Corp.** | **AES Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/28 *(a)* | 325000 | 328126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/15/31 *(a)* | 285000 | 252752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/32 *(a)* | 225000 | 226591 |
| **Alabama Power Co.** | **Alabama Power Co.** | **Alabama Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/01/27 *(a)* | 160000 | 159262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 09/15/30 *(a)* | 210000 | 184626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/31 *(a)* | 150000 | 148823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 03/15/32 *(a)* | 210000 | 193152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.94%, 09/01/32 *(a)* | 185000 | 178157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/02/35 *(a)* | 150000 | 151472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/01/39  | 150000 | 158621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 12/01/42  | 150000 | 120594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/15/44 *(a)* | 150000 | 123278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/01/45 *(a)* | 175000 | 134839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 12/01/47 *(a)* | 225000 | 166408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/15/48 *(a)* | 220000 | 178442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 10/01/49 *(a)* | 260000 | 181360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 07/15/51 *(a)* | 340000 | 220650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/15/52 *(a)* | 355000 | 224218 |
| **Alliant Energy Corp.** | **Alliant Energy Corp.** | **Alliant Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/56 *(a)(b)* | 285000 | 277125 |
| **Ameren Corp.** | **Ameren Corp.** | **Ameren Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 03/15/28 *(a)* | 125000 | 118971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/29 *(a)* | 200000 | 203226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/31 *(a)* | 325000 | 308613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/15/35 *(a)* | 235000 | 237632 |
| **Ameren Illinois Co.** | **Ameren Illinois Co.** | **Ameren Illinois Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 05/15/28 *(a)* | 90000 | 89205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.55%, 11/15/30 *(a)* | 100000 | 87729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 09/01/32 *(a)* | 210000 | 200088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/33 *(a)* | 180000 | 181312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/46 *(a)* | 100000 | 80947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 12/01/47 *(a)* | 225000 | 168610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/49 *(a)* | 175000 | 146052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/15/50 *(a)* | 155000 | 104310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 06/15/51 *(a)* | 200000 | 124852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 12/01/52 *(a)* | 140000 | 141681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 07/01/54 *(a)* | 125000 | 120338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/01/55 *(a)* | 200000 | 194984 |
| **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/01/27 *(a)* | 250000 | 254725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/13/27 *(a)* | 75000 | 73727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/01/28 *(a)* | 200000 | 199614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/15/29 *(a)* | 200000 | 204232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/01/30 *(a)* | 250000 | 229205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 11/01/32 *(a)* | 260000 | 274864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/01/33 *(a)* | 210000 | 217472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/01/50 *(a)* | 150000 | 98721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 12/15/54 *(a)(b)* | 175000 | 185489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 12/15/54 *(a)(b)* | 110000 | 113590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/56 *(a)(b)* | 470000 | 464228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 03/15/56 *(a)(b)* | 390000 | 386954 |

---

**68**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Appalachian Power Co.** | **Appalachian Power Co.** | **Appalachian Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/01/27 *(a)* | 205000 | 202376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/01/31 *(a)* | 100000 | 91042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/01/32 *(a)* | 160000 | 156411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/01/38  | 135000 | 150475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/15/44 *(a)* | 95000 | 78059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/01/45 *(a)* | 150000 | 124086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/01/49 *(a)* | 120000 | 97514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/01/50 *(a)* | 195000 | 139068 |
| **Arizona Public Service Co.** | **Arizona Public Service Co.** | **Arizona Public Service Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/15/27 *(a)* | 95000 | 92974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 08/15/29 *(a)* | 100000 | 94062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 12/15/31 *(a)* | 250000 | 217600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 12/15/32 *(a)* | 125000 | 134250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/01/33 *(a)* | 200000 | 205512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 08/15/34 *(a)* | 130000 | 134794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/01/41 *(a)* | 190000 | 177954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/42 *(a)* | 70000 | 60288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 11/15/45 *(a)* | 200000 | 162568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/15/48 *(a)* | 100000 | 78129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/01/49 *(a)* | 150000 | 118181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/01/49 *(a)* | 95000 | 65253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 05/15/50 *(a)* | 190000 | 126377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 09/15/50 *(a)* | 175000 | 103847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 08/15/55 *(a)* | 210000 | 207444 |
| **Atlantic City Electric Co.** | **Atlantic City Electric Co.** | **Atlantic City Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/28 *(a)* | 215000 | 213822 |
| **Avangrid, Inc.** | **Avangrid, Inc.** | **Avangrid, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 06/01/29 *(a)* | 195000 | 190804 |
| **Avista Corp.** | **Avista Corp.** | **Avista Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/01/48 *(a)* | 170000 | 137527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/52 *(a)* | 130000 | 97683 |
| **Baltimore Gas & Electric Co.** | **Baltimore Gas & Electric Co.** | **Baltimore Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/15/31 *(a)* | 275000 | 246301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/01/34 *(a)* | 240000 | 244586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/35 *(a)* | 200000 | 205240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 10/01/36  | 150000 | 163302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/15/46 *(a)* | 215000 | 155548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/47 *(a)* | 180000 | 134521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/48 *(a)* | 130000 | 105313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 09/15/49 *(a)* | 185000 | 122797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 06/15/50 *(a)* | 130000 | 81938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 06/01/52 *(a)* | 175000 | 146001 |
| **Basin Electric Power Cooperative** | **Basin Electric Power Cooperative** | **Basin Electric Power Cooperative** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 10/15/55 *(a)(e)* | 150000 | 146487 |
| **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/15/28 *(a)* | 310000 | 304107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 07/15/30 *(a)* | 205000 | 199287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 05/15/31 *(a)* | 175000 | 151853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 04/01/36  | 520000 | 555318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 05/15/37  | 150000 | 157835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 11/15/43 *(a)* | 260000 | 243243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/01/45 *(a)* | 250000 | 212085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 07/15/48 *(a)* | 220000 | 162705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 01/15/49 *(a)* | 320000 | 260330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/15/50 *(a)* | 275000 | 214747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 05/15/51 *(a)* | 455000 | 275088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/01/53 *(a)* | 310000 | 254535 |
| **Black Hills Corp.** | **Black Hills Corp.** | **Black Hills Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/28 *(a)* | 40000 | 41052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 10/15/29 *(a)* | 220000 | 209158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 06/15/30 *(a)* | 200000 | 182844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/31/31 *(a)* | 200000 | 198048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/01/33 *(a)* | 100000 | 95209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 05/15/34 *(a)* | 150000 | 158169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/15/46 *(a)* | 115000 | 90002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/49 *(a)* | 140000 | 102257 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 10/01/28 *(a)* | 225000 | 230089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/30 *(a)* | 100000 | 101420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/32 *(a)* | 100000 | 91209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 10/01/32 *(a)* | 160000 | 158085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/15/33  | 175000 | 195783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/01/33 *(a)* | 190000 | 191161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/01/35 *(a)* | 150000 | 149852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/35 *(a)* | 180000 | 178490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/01/36 *(a)* | 250000 | 245252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 08/01/42 *(a)* | 178000 | 138997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/01/48 *(a)* | 225000 | 175522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/01/49 *(a)* | 100000 | 81099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 07/01/50 *(a)* | 170000 | 107681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/01/51 *(a)* | 255000 | 174040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 03/01/52 *(a)* | 235000 | 168963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/01/52 *(a)* | 150000 | 132024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/53 *(a)* | 90000 | 84921 |
| **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/01/29 *(a)* | 210000 | 215317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/01/30 *(a)* | 219000 | 206460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 02/15/55 *(a)(b)* | 135000 | 141462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/15/55 *(a)(b)* | 125000 | 128864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 05/15/55 *(a)(b)* | 220000 | 222583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/56 *(a)(b)* | 225000 | 222615 |
| **Cleco Corporate Holdings LLC** | **Cleco Corporate Holdings LLC** | **Cleco Corporate Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 05/01/46 *(a)* | 100000 | 85763 |
| **Cleveland Electric Illuminating Co.** | **Cleveland Electric Illuminating Co.** | **Cleveland Electric Illuminating Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/15/36  | 145000 | 150258 |
| **CMS Energy Corp.** | **CMS Energy Corp.** | **CMS Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/01/44 *(a)* | 100000 | 88215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/01/50 *(a)(b)* | 230000 | 223137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/01/50 *(a)(b)* | 140000 | 127681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/01/55 *(a)(b)* | 300000 | 304845 |
| **Commonwealth Edison Co.** | **Commonwealth Edison Co.** | **Commonwealth Edison Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 08/15/27 *(a)* | 100000 | 98352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/15/28 *(a)* | 275000 | 271958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 03/15/32 *(a)* | 125000 | 115681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/01/33 *(a)* | 75000 | 75741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/15/36  | 200000 | 212560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 01/15/38  | 145000 | 159568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 10/01/42 *(a)* | 200000 | 159772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 08/15/43 *(a)* | 150000 | 131127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/44 *(a)* | 150000 | 132203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/01/45 *(a)* | 150000 | 114719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 11/15/45 *(a)* | 150000 | 124131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 06/15/46 *(a)* | 250000 | 187090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/47 *(a)* | 235000 | 176013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/48 *(a)* | 300000 | 233715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/49 *(a)* | 190000 | 145899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/15/49 *(a)* | 140000 | 92767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/50 *(a)* | 300000 | 192387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 03/15/51 *(a)* | 250000 | 162903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/01/51 *(a)* | 205000 | 123695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/15/52 *(a)* | 190000 | 140566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/01/55 *(a)* | 200000 | 203810 |
| **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/01/29 *(a)* | 200000 | 201914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 07/01/31 *(a)* | 100000 | 88498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/01/33 *(a)* | 155000 | 155646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/34 *(a)* | 200000 | 198702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 04/15/44 *(a)* | 150000 | 125270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 06/01/45 *(a)* | 160000 | 129962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/48 *(a)* | 320000 | 249475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/53 *(a)* | 130000 | 120836 |

---

**69**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/15/27 *(a)* | 35000 | 34446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 05/15/28 *(a)* | 180000 | 178551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/28 *(a)* | 200000 | 198674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/01/30 *(a)* | 370000 | 355181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 06/15/31 *(a)* | 175000 | 158330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/34 *(a)* | 250000 | 259605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/01/35  | 130000 | 132124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/15/36  | 160000 | 169376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 06/15/36  | 75000 | 80340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 08/15/37  | 245000 | 266749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/01/38  | 200000 | 225622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/01/39  | 250000 | 251547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/40  | 150000 | 153168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/42  | 150000 | 126665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/01/43 *(a)* | 250000 | 201657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/15/44 *(a)* | 320000 | 273142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/01/45 *(a)* | 250000 | 211532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/15/46 *(a)* | 220000 | 169294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/15/47 *(a)* | 225000 | 171985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 12/01/48 *(a)* | 140000 | 119207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/15/49 *(a)* | 230000 | 179342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/01/50 *(a)* | 350000 | 270098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 12/01/51 *(a)* | 175000 | 113974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 11/15/52 *(a)* | 150000 | 156228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/53 *(a)* | 200000 | 200838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/15/54 *(a)* | 290000 | 284673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/01/54 *(a)* | 300000 | 247893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/55 *(a)* | 175000 | 166892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/15/55 *(a)* | 280000 | 276696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/01/56 *(a)* | 205000 | 160031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/57 *(a)* | 145000 | 105347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/58 *(a)* | 265000 | 211857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 11/15/59 *(a)* | 180000 | 123545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 12/01/60 *(a)* | 220000 | 127714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 06/15/61 *(a)* | 230000 | 154532 |
| **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 01/08/28  | 430000 | 426827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/01/28 *(a)* | 200000 | 204432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/01/29 *(a)(e)* | 210000 | 207558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/31 *(a)* | 230000 | 227449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/31 *(a)(e)* | 280000 | 280924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/01/31 *(a)(e)* | 240000 | 229030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/01/33 *(a)* | 200000 | 209972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 01/15/34 *(a)* | 200000 | 213964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/01/39  | 250000 | 264312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/01/41 *(a)* | 100000 | 100714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/15/42 *(a)* | 290000 | 284847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/01/53 *(a)* | 265000 | 282016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/54 *(a)* | 230000 | 223937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/15/66 *(a)* | 250000 | 240692 |
| **Consumers Energy Co.** | **Consumers Energy Co.** | **Consumers Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/01/28 *(a)* | 200000 | 201652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/15/28 *(a)* | 50000 | 49499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/15/29 *(a)* | 200000 | 203364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/30/29 *(a)* | 150000 | 151151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/30 *(a)* | 200000 | 202130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/31 *(a)* | 150000 | 150357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 08/15/32 *(a)* | 250000 | 235887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/33 *(a)* | 160000 | 158715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/15/35 *(a)* | 150000 | 150798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/15/43 *(a)* | 120000 | 97656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/15/46 *(a)* | 150000 | 106653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 07/15/47 *(a)* | 100000 | 78541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/15/48 *(a)* | 260000 | 204552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/15/49 *(a)* | 200000 | 164458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/50 *(a)* | 190000 | 140549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 08/15/50 *(a)* | 225000 | 147643 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/01/51 *(a)* | 230000 | 163222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 08/15/52 *(a)* | 105000 | 63202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/01/52 *(a)* | 55000 | 43643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/01/60 *(a)* | 150000 | 81552 |
| **Dayton Power & Light Co.** | **Dayton Power & Light Co.** | **Dayton Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/15/30 *(a)* | 105000 | 104025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 06/15/49 *(a)* | 125000 | 93038 |
| **Delmarva Power & Light Co.** | **Delmarva Power & Light Co.** | **Delmarva Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/15/45 *(a)* | 150000 | 122195 |
| **Dominion Energy South Carolina, Inc.** | **Dominion Energy South Carolina, Inc.** | **Dominion Energy South Carolina, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 12/01/31 *(a)* | 100000 | 88511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 02/01/32  | 100000 | 110054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/33  | 215000 | 221521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 01/15/38  | 160000 | 169402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/01/41 *(a)* | 100000 | 98851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/15/43 *(a)* | 175000 | 151783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/15/53 *(a)* | 75000 | 78732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/01/65 *(a)* | 210000 | 184934 |
| **Dominion Energy, Inc.** | **Dominion Energy, Inc.** | **Dominion Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/01/28 *(a)* | 200000 | 199380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/01/30 *(a)* | 500000 | 478080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 *(a)* | 200000 | 202928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/31 *(a)* | 280000 | 247335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 08/15/32 *(a)* | 100000 | 96887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/15/32 *(a)* | 250000 | 255892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 03/15/33  | 85000 | 90397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/01/33  | 250000 | 252775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/35 *(a)* | 200000 | 201982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/15/35  | 175000 | 182362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/15/38  | 205000 | 226746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/15/41 *(a)* | 100000 | 74396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/01/41 *(a)* | 225000 | 201188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/15/42 *(a)* | 110000 | 87145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/01/44 *(a)* | 250000 | 214167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/15/49 *(a)* | 155000 | 125936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 08/15/52 *(a)* | 175000 | 147214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/01/54 *(a)(b)* | 310000 | 328516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 02/01/55 *(a)(b)* | 250000 | 256975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/15/55 *(a)(b)* | 400000 | 404504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/15/56 *(a)(b)* | 400000 | 397452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 02/15/56 *(a)(b)* | 425000 | 421681 |
| **DTE Electric Co.** | **DTE Electric Co.** | **DTE Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 04/01/28 *(a)* | 150000 | 143645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/01/30 *(a)* | 250000 | 231275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 03/01/31 *(a)* | 205000 | 188645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/32 *(a)* | 100000 | 92087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/33 *(a)* | 150000 | 154224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/34 *(a)* | 150000 | 153600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/35 *(a)* | 200000 | 203120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/36 *(a)* | 200000 | 196328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/43 *(a)* | 235000 | 192319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/01/44 *(a)* | 165000 | 138697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/45 *(a)* | 175000 | 134729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/01/46 *(a)* | 415000 | 313869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/47 *(a)* | 175000 | 132097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/15/48 *(a)* | 255000 | 201539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/01/49 *(a)* | 239000 | 185433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/01/50 *(a)* | 115000 | 74812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/01/51 *(a)* | 200000 | 135216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/01/53 *(a)* | 205000 | 195617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/01/56 *(a)* | 200000 | 193452 |
| **DTE Energy Co.** | **DTE Energy Co.** | **DTE Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/01/27 *(a)* | 430000 | 433040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/01/28 *(a)* | 275000 | 277557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/01/29 *(a)* | 350000 | 356034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/15/29 *(a)* | 250000 | 242032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/01/30 *(a)* | 210000 | 197870 |

---

**70**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/30 *(a)* | 300000 | 306144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/01/34 *(a)* | 250000 | 262095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 10/01/35 *(a)* | 160000 | 157949 |
| **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 11/15/28 *(a)* | 236000 | 234320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 08/15/29 *(a)* | 150000 | 141329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/01/30 *(a)* | 250000 | 232922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 04/15/31 *(a)* | 90000 | 82430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 03/15/32 *(a)* | 150000 | 136565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 10/15/32  | 180000 | 195772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/33 *(a)* | 250000 | 254067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/15/34 *(a)* | 255000 | 255102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/35 *(a)* | 200000 | 203602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 06/01/37  | 245000 | 258891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/38  | 205000 | 217523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 04/15/38  | 175000 | 186599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/15/40  | 250000 | 247870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/15/41 *(a)* | 200000 | 172342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/30/42 *(a)* | 200000 | 164288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/01/45 *(a)* | 200000 | 153422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/15/46 *(a)* | 180000 | 139343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 12/01/47 *(a)* | 165000 | 122623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/15/48 *(a)* | 180000 | 138532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 08/15/49 *(a)* | 275000 | 184319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/15/51 *(a)* | 195000 | 135560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/15/52 *(a)* | 250000 | 176645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/53 *(a)* | 250000 | 234945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/15/54 *(a)* | 185000 | 175933 |
| **Duke Energy Corp.** | **Duke Energy Corp.** | **Duke Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/27 *(a)* | 340000 | 334941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/08/27 *(a)* | 260000 | 262896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/28 *(a)* | 300000 | 299667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/05/29 *(a)* | 200000 | 202582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/15/29 *(a)* | 200000 | 193962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 06/01/30 *(a)* | 300000 | 276549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 06/15/31 *(a)* | 425000 | 382338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/32 *(a)* | 300000 | 295620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/15/33 *(a)* | 150000 | 156419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/15/34 *(a)* | 295000 | 302378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/35 *(a)* | 290000 | 283429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/15/41 *(a)* | 150000 | 112662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 12/15/45 *(a)* | 200000 | 171662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/01/46 *(a)* | 445000 | 329166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/15/47 *(a)* | 145000 | 108061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/15/49 *(a)* | 200000 | 152728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/15/51 *(a)* | 250000 | 167717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/52 *(a)* | 365000 | 313360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 09/15/53 *(a)* | 200000 | 200922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 06/15/54 *(a)* | 200000 | 192068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 09/01/54 *(a)(b)* | 240000 | 247946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/55 *(a)* | 220000 | 208017 |
| **Duke Energy Florida LLC** | **Duke Energy Florida LLC** | **Duke Energy Florida LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 07/15/28 *(a)* | 295000 | 292492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 12/01/29 *(a)* | 255000 | 239348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 06/15/30 *(a)* | 300000 | 269004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/15/33 *(a)* | 200000 | 212484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/01/35 *(a)* | 200000 | 196702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 09/15/37  | 170000 | 184635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 06/15/38  | 300000 | 327741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/01/40  | 185000 | 189242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 11/15/42 *(a)* | 150000 | 120479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 10/01/46 *(a)* | 300000 | 213537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/15/48 *(a)* | 240000 | 190174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 12/15/51 *(a)* | 180000 | 113251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 11/15/52 *(a)* | 120000 | 121825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/15/53 *(a)* | 125000 | 131123 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Duke Energy Indiana LLC** | **Duke Energy Indiana LLC** | **Duke Energy Indiana LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/34 *(a)* | 100000 | 102632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 10/15/35  | 125000 | 133170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 08/15/38  | 235000 | 256164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 04/01/39  | 200000 | 218184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/15/43 *(a)* | 75000 | 68507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/46 *(a)* | 200000 | 152446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/01/49 *(a)* | 225000 | 152096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/01/50 *(a)* | 210000 | 127886 |
| **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 02/01/29 *(a)* | 160000 | 157219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 06/01/30 *(a)* | 200000 | 182350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/33 *(a)* | 100000 | 102382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/35 *(a)* | 100000 | 101407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/15/46 *(a)* | 145000 | 108224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/01/49 *(a)* | 175000 | 139801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/01/53 *(a)* | 100000 | 97025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/54 *(a)* | 170000 | 162942 |
| **Duke Energy Progress LLC** | **Duke Energy Progress LLC** | **Duke Energy Progress LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 09/01/28 *(a)* | 150000 | 148472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/15/29 *(a)* | 55000 | 53863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/15/31 *(a)* | 200000 | 176498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 04/01/32 *(a)* | 125000 | 117054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/33 *(a)* | 150000 | 154625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/15/34 *(a)* | 150000 | 152882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/35 *(a)* | 200000 | 200678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 05/15/42 *(a)* | 225000 | 186979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/15/43 *(a)* | 170000 | 139728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/30/44 *(a)* | 200000 | 169768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/01/44 *(a)* | 280000 | 227858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/15/45 *(a)* | 175000 | 142944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 10/15/46 *(a)* | 140000 | 104826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/15/47 *(a)* | 250000 | 182790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 08/15/50 *(a)* | 225000 | 130028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 08/15/51 *(a)* | 235000 | 145444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/52 *(a)* | 205000 | 155197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/53 *(a)* | 260000 | 243113 |
| **Edison International** | **Edison International** | **Edison International** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/15/27 *(a)* | 305000 | 307745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/28 *(a)* | 215000 | 211521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/28 *(a)* | 245000 | 246935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 11/15/29 *(a)* | 150000 | 158456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/30 *(a)* | 150000 | 155613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/31 *(a)* | 150000 | 146519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/32 *(a)* | 150000 | 148812 |
| **El Paso Electric Co.** | **El Paso Electric Co.** | **El Paso Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/15/35  | 219000 | 223647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/44 *(a)* | 75000 | 65667 |
| **Emera U.S. Finance LP** | **Emera U.S. Finance LP** | **Emera U.S. Finance LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 06/15/31 *(a)* | 100000 | 89433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/46 *(a)* | 400000 | 331788 |
| **Enel Chile SA** | **Enel Chile SA** | **Enel Chile SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/12/28 *(a)* | 395000 | 397240 |
| **Entergy Arkansas LLC** | **Entergy Arkansas LLC** | **Entergy Arkansas LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/28 *(a)* | 200000 | 199080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/15/33 *(a)* | 125000 | 127455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/15/33 *(a)* | 60000 | 61651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/34 *(a)* | 100000 | 103178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/36 *(a)* | 160000 | 157205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/01/49 *(a)* | 425000 | 335461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/15/51 *(a)* | 195000 | 113506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 06/15/52 *(a)* | 120000 | 79874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/01/54 *(a)* | 110000 | 107638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/56 *(a)* | 160000 | 157198 |
| **Entergy Corp.** | **Entergy Corp.** | **Entergy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 06/15/28 *(a)* | 225000 | 213536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/15/30 *(a)* | 300000 | 279441 |

---

**71**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 06/15/31 *(a)* | 300000 | 266853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/15/50 *(a)* | 245000 | 174085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 12/01/54 *(a)(b)* | 320000 | 327875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/56 *(a)(b)* | 180000 | 177698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 06/15/56 *(a)(b)* | 210000 | 207075 |
| **Entergy Louisiana LLC** | **Entergy Louisiana LLC** | **Entergy Louisiana LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.12%, 09/01/27 *(a)* | 200000 | 197204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/01/28 *(a)* | 200000 | 196212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 12/15/30 *(a)* | 65000 | 56950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 06/01/31 *(a)* | 120000 | 111750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 06/15/32 *(a)* | 245000 | 214821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/33 *(a)* | 211000 | 200735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/34 *(a)* | 100000 | 100973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/15/36 *(a)* | 225000 | 219753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 06/15/41 *(a)* | 135000 | 101053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/45 *(a)* | 235000 | 211719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/01/48 *(a)* | 380000 | 301743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/01/50 *(a)* | 220000 | 173422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/15/51 *(a)* | 300000 | 184443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/54 *(a)* | 150000 | 146090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/55 *(a)* | 235000 | 231066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/15/56 *(a)* | 225000 | 216540 |
| **Entergy Mississippi LLC** | **Entergy Mississippi LLC** | **Entergy Mississippi LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 06/01/28 *(a)* | 100000 | 97179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/33 *(a)* | 135000 | 135829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/01/49 *(a)* | 210000 | 156091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/51 *(a)* | 275000 | 190952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/01/54 *(a)* | 120000 | 118835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/15/55 *(a)* | 100000 | 98723 |
| **Entergy Texas, Inc.** | **Entergy Texas, Inc.** | **Entergy Texas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/30/29 *(a)* | 217000 | 215262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 03/15/31 *(a)* | 250000 | 218540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/30/39 *(a)* | 130000 | 119291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 09/30/49 *(a)* | 210000 | 147884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/52 *(a)* | 100000 | 87154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/01/53 *(a)* | 100000 | 99041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 09/15/54 *(a)* | 150000 | 142001 |
| **Evergy Kansas Central, Inc.** | **Evergy Kansas Central, Inc.** | **Evergy Kansas Central, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 04/01/27 *(a)* | 220000 | 217661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/13/28  | 45000 | 45243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/01/42 *(a)* | 150000 | 125339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/01/43 *(a)* | 160000 | 132477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/01/45 *(a)* | 200000 | 163798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 09/01/49 *(a)* | 185000 | 124929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/15/50 *(a)* | 135000 | 94406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/53 *(a)* | 50000 | 49194 |
| **Evergy Metro, Inc.** | **Evergy Metro, Inc.** | **Evergy Metro, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/30 *(a)* | 160000 | 146522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/15/33 *(a)* | 125000 | 125953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/01/34 *(a)* | 120000 | 123728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 08/15/35 *(a)* | 120000 | 119621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 10/01/41 *(a)* | 50000 | 48882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/15/47 *(a)* | 125000 | 99841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/48 *(a)* | 155000 | 123396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/01/49 *(a)* | 195000 | 154514 |
| **Evergy, Inc.** | **Evergy, Inc.** | **Evergy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 09/15/29 *(a)* | 250000 | 237167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 06/01/55 *(a)(b)* | 150000 | 151208 |
| **Eversource Energy** | **Eversource Energy** | **Eversource Energy** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/01/27 *(a)* | 200000 | 200268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 01/15/28 *(a)* | 260000 | 254717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/01/28 *(a)* | 280000 | 284810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/01/29 *(a)* | 275000 | 285139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/29 *(a)* | 220000 | 218284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 08/15/30 *(a)* | 200000 | 175658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/15/31 *(a)* | 325000 | 293004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/15/31 *(a)* | 305000 | 318987 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/01/32 *(a)* | 255000 | 234006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/33 *(a)* | 200000 | 199698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/01/34 *(a)* | 200000 | 203412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 07/15/34 *(a)* | 225000 | 234817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 01/15/50 *(a)* | 305000 | 209822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 08/15/56 *(a)(b)* | 200000 | 197498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 08/15/56 *(a)(b)* | 200000 | 197308 |
| **Exelon Corp.** | **Exelon Corp.** | **Exelon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/28 *(a)* | 385000 | 389497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/29 *(a)* | 200000 | 204108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 04/15/30 *(a)* | 450000 | 441112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/31 *(a)* | 100000 | 101899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 03/15/32 *(a)* | 245000 | 226419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/15/33 *(a)* | 250000 | 256117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/34 *(a)* | 265000 | 271333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/35 *(a)(e)* | 150000 | 146367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 06/15/35  | 150000 | 153914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/36 *(a)* | 200000 | 194108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/15/45 *(a)* | 200000 | 180222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 04/15/46 *(a)* | 170000 | 139742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/15/50 *(a)* | 265000 | 220093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/15/52 *(a)* | 130000 | 98453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/15/53 *(a)* | 305000 | 288435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/15/55 *(a)* | 150000 | 146478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/55 *(a)(b)* | 340000 | 346535 |
| **FirstEnergy Corp.** | **FirstEnergy Corp.** | **FirstEnergy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 07/15/27 *(a)(g)* | 485000 | 481319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 03/01/30 *(a)* | 245000 | 227203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 09/01/30 *(a)* | 150000 | 135224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 07/15/47 *(a)(g)* | 170000 | 145151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/01/50 *(a)* | 325000 | 217457 |
| **FirstEnergy Pennsylvania Electric Co.** | **FirstEnergy Pennsylvania Electric Co.** | **FirstEnergy Pennsylvania Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/28 *(e)* | 275000 | 274411 |
| **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/15/30 *(a)* | 100000 | 100001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 *(a)* | 140000 | 137869 |
| **Florida Power & Light Co.** | **Florida Power & Light Co.** | **Florida Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 05/30/27 *(a)* | 120000 | 118980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/01/28 *(a)* | 300000 | 305229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/15/28 *(a)* | 230000 | 231115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/15/29 *(a)* | 250000 | 256667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/30 *(a)* | 200000 | 202002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/03/32 *(a)* | 425000 | 380451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/01/33 *(a)* | 230000 | 234703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/33 *(a)* | 200000 | 200598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/01/34  | 120000 | 125610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/34 *(a)* | 325000 | 334279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/34 *(a)* | 125000 | 126314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/35  | 110000 | 109856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/15/36 *(a)* | 200000 | 195466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/01/37  | 100000 | 105448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/01/38  | 220000 | 235913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.96%, 04/01/39  | 190000 | 203095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.69%, 03/01/40  | 165000 | 170247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/01/41 *(a)* | 180000 | 179278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/01/42 *(a)* | 250000 | 212952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 06/01/42 *(a)* | 210000 | 176826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 12/15/42 *(a)* | 175000 | 141482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 10/01/44 *(a)* | 235000 | 191539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 12/01/47 *(a)* | 210000 | 157154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/01/48 *(a)* | 290000 | 226229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/01/48 *(a)* | 210000 | 167609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.99%, 03/01/49 *(a)* | 210000 | 163004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 10/01/49 *(a)* | 260000 | 174803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 12/04/51 *(a)* | 400000 | 250376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/53 *(a)* | 230000 | 216575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/15/54 *(a)* | 135000 | 132743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/55 *(a)* | 300000 | 298953 |

---

**72**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/65 *(a)* | 200000 | 199580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/15/66 *(a)* | 350000 | 338366 |
| **Georgia Power Co.** | **Georgia Power Co.** | **Georgia Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/16/28 *(a)* | 270000 | 272357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/28 *(a)* | 220000 | 218711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 09/15/29 *(a)* | 165000 | 156163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/30 *(a)* | 200000 | 201088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/31 *(a)* | 200000 | 202884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/15/32 *(a)* | 250000 | 250702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/17/33 *(a)* | 275000 | 277480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/34 *(a)* | 270000 | 276067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/35 *(a)* | 200000 | 203374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/01/40  | 100000 | 93751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/42  | 300000 | 259182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/43  | 205000 | 174525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 01/30/50 *(a)* | 225000 | 164837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/15/51 *(a)* | 220000 | 147459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/52 *(a)* | 275000 | 251655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/01/55 *(a)* | 150000 | 144108 |
| **Iberdrola International BV** | **Iberdrola International BV** | **Iberdrola International BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/15/36  | 160000 | 179962 |
| **Idaho Power Co.** | **Idaho Power Co.** | **Idaho Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/34 *(a)* | 125000 | 127141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/48 *(a)* | 285000 | 229662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/53 *(a)* | 170000 | 162692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/55 *(a)* | 115000 | 113438 |
| **Indiana Michigan Power Co.** | **Indiana Michigan Power Co.** | **Indiana Michigan Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 05/15/28 *(a)* | 50000 | 49604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 03/15/37  | 115000 | 122076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/46 *(a)* | 140000 | 118593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/01/47 *(a)* | 150000 | 111059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/15/48 *(a)* | 200000 | 159402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/01/51 *(a)* | 240000 | 157637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/01/53 *(a)* | 150000 | 144969 |
| **Interstate Power & Light Co.** | **Interstate Power & Light Co.** | **Interstate Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 09/26/28 *(a)* | 250000 | 248432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/01/29 *(a)* | 80000 | 78294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/01/30 *(a)* | 175000 | 160276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/29/35 *(a)* | 150000 | 153921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/15/39  | 50000 | 53066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 09/15/46 *(a)* | 125000 | 91986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/30/49 *(a)* | 180000 | 125838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 11/30/51 *(a)* | 145000 | 92134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 10/01/55 *(a)* | 90000 | 86101 |
| **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/01/30 *(a)* | 255000 | 246259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/34 *(a)* | 90000 | 89574 |
| **ITC Holdings Corp.** | **ITC Holdings Corp.** | **ITC Holdings Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 11/15/27 *(a)* | 225000 | 221319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 07/01/43 *(a)* | 100000 | 92629 |
| **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/15/29 *(a)(e)* | 100000 | 99525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/31 *(a)(e)* | 150000 | 147978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/15/35 *(a)* | 250000 | 250435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/15/36 *(a)(e)* | 150000 | 149454 |
| **John Sevier Combined Cycle Generation LLC** | **John Sevier Combined Cycle Generation LLC** | **John Sevier Combined Cycle Generation LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/42  | 22711 | 21908 |
| **Johnsonville Aeroderivative Combustion Turbine Generation LLC** | **Johnsonville Aeroderivative Combustion Turbine Generation LLC** | **Johnsonville Aeroderivative Combustion Turbine Generation LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 10/01/54  | 232091 | 219407 |
| **Kentucky Utilities Co.** | **Kentucky Utilities Co.** | **Kentucky Utilities Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/15/33 *(a)* | 200000 | 206732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/01/40 *(a)* | 400000 | 385880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/01/45 *(a)* | 150000 | 124479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/01/50 *(a)* | 150000 | 101126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 08/15/55 *(a)* | 210000 | 209559 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Louisville Gas & Electric Co.** | **Louisville Gas & Electric Co.** | **Louisville Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/15/33 *(a)* | 170000 | 175809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/49 *(a)* | 150000 | 119849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 08/15/55 *(a)* | 210000 | 209032 |
| **MidAmerican Energy Co.** | **MidAmerican Energy Co.** | **MidAmerican Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/01/27 *(a)* | 50000 | 49539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 04/15/29 *(a)* | 300000 | 294876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/30/31  | 230000 | 255332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/34 *(a)* | 175000 | 180234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/01/35  | 200000 | 210150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 10/15/36  | 100000 | 106056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/15/43 *(a)* | 150000 | 135933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 10/15/44 *(a)* | 190000 | 160826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/01/46 *(a)* | 195000 | 160826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/01/47 *(a)* | 165000 | 128146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 08/01/48 *(a)* | 265000 | 194809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 07/15/49 *(a)* | 300000 | 242040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 04/15/50 *(a)* | 215000 | 142799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 08/01/52 *(a)* | 155000 | 93601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 09/15/54 *(a)* | 165000 | 166006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/01/55 *(a)* | 95000 | 88332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/15/56 *(a)* | 120000 | 115462 |
| **Mississippi Power Co.** | **Mississippi Power Co.** | **Mississippi Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/30/28 *(a)* | 195000 | 193959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/42  | 100000 | 84345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 07/30/51 *(a)* | 105000 | 68120 |
| **National Grid PLC** | **National Grid PLC** | **National Grid PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/12/28 *(a)* | 225000 | 230364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 06/12/33 *(a)* | 250000 | 261072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 01/11/34 *(a)* | 200000 | 204254 |
| **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 04/25/27 *(a)* | 75000 | 74138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/06/27 *(a)* | 150000 | 151254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 09/16/27 *(a)* | 255000 | 254663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/10/27  | 200000 | 199084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/07/28 *(a)* | 350000 | 345054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/07/28 *(a)* | 200000 | 201762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/28 *(a)* | 200000 | 202010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/25/28 *(a)* | 210000 | 209368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/15/28 *(a)* | 100000 | 101647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/01/28 *(a)* | 240000 | 237528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/07/29 *(a)* | 145000 | 146863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/29 *(a)* | 275000 | 270187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/07/30 *(a)* | 35000 | 35657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/30 *(a)* | 200000 | 185990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/10/30 *(a)* | 120000 | 118915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.35%, 03/15/31 *(a)* | 125000 | 106986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 06/15/31 *(a)* | 150000 | 129329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 03/01/32  | 160000 | 185464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/15/32 *(a)* | 180000 | 161492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 11/01/32 *(a)* | 160000 | 154283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/15/32 *(a)* | 395000 | 382538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/15/33 *(a)* | 225000 | 238484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/34 *(a)* | 100000 | 100643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 11/01/48 *(a)* | 150000 | 124635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/49 *(a)* | 155000 | 126249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 09/15/53 *(a)(b)* | 125000 | 129869 |
| **Nevada Power Co.** | **Nevada Power Co.** | **Nevada Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/01/29 *(a)* | 280000 | 274952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 05/01/30 *(a)* | 175000 | 161606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 04/01/36  | 150000 | 166611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/01/37  | 100000 | 111078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/01/50 *(a)* | 50000 | 32504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 05/01/53 *(a)* | 125000 | 123876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/15/54 *(a)* | 150000 | 150738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/15/55 *(a)(b)* | 75000 | 74987 |

---

**73**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 05/01/27 *(a)* | 480000 | 476107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/15/27 *(a)* | 410000 | 411578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 09/01/27  | 600000 | 603000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/04/28  | 350000 | 353409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/28/28 *(a)* | 410000 | 413641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 06/15/28 *(a)* | 475000 | 450851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/29 *(a)* | 300000 | 304515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/29 *(a)* | 155000 | 150979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/01/29 *(a)* | 350000 | 331212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/28/30 *(a)(c)* | 200000 | 203540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/30 *(a)* | 275000 | 280346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/30 *(a)* | 660000 | 601781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/01/31 *(a)* | 200000 | 198414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.44%, 01/15/32 *(a)* | 325000 | 286725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/15/32 *(a)* | 200000 | 205238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/32 *(a)* | 325000 | 327736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/28/33 *(a)* | 270000 | 272867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/34 *(a)* | 325000 | 329248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/35 *(a)* | 300000 | 305787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/52 *(a)* | 150000 | 92949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/28/53 *(a)* | 340000 | 306983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/54 *(a)* | 265000 | 249696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/15/54 *(a)(b)* | 300000 | 311430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 09/01/54 *(a)(b)* | 295000 | 301396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/15/55 *(a)* | 150000 | 147567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 08/15/55 *(a)(b)* | 515000 | 523570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/15/55 *(a)(b)* | 360000 | 371246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/01/56 *(a)* | 150000 | 146474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 12/01/77 *(a)(b)* | 225000 | 220124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 05/01/79 *(a)(b)* | 210000 | 209637 |
| **Northern States Power Co.** | **Northern States Power Co.** | **Northern States Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/01/31 *(a)* | 215000 | 193844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/15/35 *(a)* | 200000 | 201668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 05/15/36 *(a)* | 200000 | 197764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/01/36  | 215000 | 234399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 07/01/37  | 175000 | 189283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/01/39  | 170000 | 170117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 08/15/42 *(a)* | 145000 | 111605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/15/47 *(a)* | 100000 | 74076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/01/50 *(a)* | 130000 | 84176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 06/01/51 *(a)* | 330000 | 198881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 04/01/52 *(a)* | 50000 | 34038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/52 *(a)* | 145000 | 121126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/15/53 *(a)* | 310000 | 282249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/54 *(a)* | 160000 | 152293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/15/54 *(a)* | 250000 | 247217 |
| **NorthWestern Corp.** | **NorthWestern Corp.** | **NorthWestern Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 11/15/44 *(a)* | 185000 | 150929 |
| **NSTAR Electric Co.** | **NSTAR Electric Co.** | **NSTAR Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/15/27 *(a)* | 250000 | 247245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/29 *(a)* | 215000 | 208096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/01/30 *(a)* | 305000 | 299678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 08/15/31 *(a)* | 205000 | 179408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/01/34 *(a)* | 150000 | 153582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/35 *(a)* | 23000 | 23186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/40  | 215000 | 213759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/01/44 *(a)* | 60000 | 51016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 06/01/51 *(a)* | 100000 | 65359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 06/01/52 *(a)* | 90000 | 74974 |
| **Oglethorpe Power Corp.** | **Oglethorpe Power Corp.** | **Oglethorpe Power Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 11/01/39  | 245000 | 255447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/01/40  | 225000 | 219838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/47 *(a)* | 125000 | 102618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 10/01/48 *(a)* | 200000 | 175058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/01/50 *(a)* | 150000 | 106892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/50  | 165000 | 147150 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 12/01/53 *(a)* | 125000 | 127993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 06/01/54 *(a)* | 25000 | 24294 |
| **Ohio Edison Co.** | **Ohio Edison Co.** | **Ohio Edison Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 07/15/36  | 100000 | 111982 |
| **Ohio Power Co.** | **Ohio Power Co.** | **Ohio Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 04/01/30 *(a)* | 235000 | 218007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 01/15/31 *(a)* | 200000 | 173806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/01/34 *(a)* | 145000 | 149235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/01/48 *(a)* | 150000 | 116285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/49 *(a)* | 150000 | 112190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 10/01/51 *(a)* | 170000 | 102184 |
| **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 03/15/30 *(a)* | 125000 | 119433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/01/30 *(a)* | 200000 | 191264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/15/33 *(a)* | 175000 | 180367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/01/47 *(a)* | 265000 | 211078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 08/15/47 *(a)* | 255000 | 193749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/01/53 *(a)* | 105000 | 100806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/01/55 *(a)* | 50000 | 49462 |
| **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/15/28 *(a)* | 155000 | 155099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 11/15/28 *(a)* | 200000 | 196962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/29 *(a)* | 123000 | 127529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/01/29 *(a)* | 125000 | 126034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/15/30 *(a)* | 200000 | 187538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/31 *(a)(e)* | 200000 | 198968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 05/01/32  | 250000 | 278820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 06/01/32 *(a)* | 150000 | 145575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/15/32 *(a)* | 200000 | 197828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 01/15/33  | 100000 | 113683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/15/33 *(a)* | 250000 | 262377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/01/35 *(a)* | 175000 | 178918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/01/38  | 75000 | 88727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/30/40  | 205000 | 199848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 12/01/41 *(a)* | 150000 | 132228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/01/42 *(a)* | 120000 | 114488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/45 *(a)* | 175000 | 134769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/30/47 *(a)* | 150000 | 113484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/15/48 *(a)* | 150000 | 117939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 06/01/49 *(a)* | 100000 | 73338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 09/15/49 *(a)* | 235000 | 153521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/15/50 *(a)* | 190000 | 137974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 11/15/51 *(a)* | 275000 | 160900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/01/52 *(a)* | 150000 | 124139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/52 *(a)* | 250000 | 220460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 10/01/52 *(a)* | 120000 | 111672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 06/15/54 *(a)* | 200000 | 191212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/01/55 *(a)* | 200000 | 198448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/15/56 *(a)(e)* | 250000 | 249912 |
| **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/15/27 *(a)* | 70000 | 70740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 08/01/27 *(a)* | 350000 | 339339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 12/01/27 *(a)* | 425000 | 416423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/04/28 *(a)* | 90000 | 90798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/15/28 *(a)* | 330000 | 319268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/01/28  | 350000 | 343952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/01/28 *(a)* | 100000 | 100038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 01/15/29 *(a)* | 45000 | 46594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/29 *(a)* | 150000 | 148314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 05/15/29 *(a)* | 250000 | 256030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/01/30 *(a)* | 910000 | 898215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/01/31 *(a)* | 600000 | 538458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/31 *(a)* | 390000 | 359837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/01/32 *(a)* | 305000 | 295374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 06/15/32 *(a)* | 260000 | 269162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 10/15/32 *(a)* | 250000 | 248577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 01/15/33 *(a)* | 300000 | 314235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 06/15/33 *(a)* | 420000 | 446128 |

---

**74**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/15/34 *(a)* | 220000 | 241294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 05/15/34 *(a)* | 350000 | 358960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/01/35 *(a)* | 300000 | 304158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/15/35 *(a)* | 250000 | 258477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/01/36 *(a)* | 300000 | 292671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/40 *(a)* | 550000 | 470607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 08/01/40 *(a)* | 310000 | 232295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/01/41 *(a)* | 240000 | 194290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 04/15/42 *(a)* | 215000 | 177646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/42 *(a)(g)* | 100000 | 75093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/15/43 *(a)* | 240000 | 198096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/44 *(a)* | 220000 | 184111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/45 *(a)* | 260000 | 203161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/46 *(a)(g)* | 210000 | 160335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/46 *(a)* | 240000 | 176450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/01/47 *(a)* | 200000 | 145856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/01/50 *(a)* | 945000 | 786438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/01/50 *(a)* | 465000 | 307430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/52 *(a)* | 260000 | 222134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 01/15/53 *(a)* | 470000 | 489792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 04/01/53 *(a)* | 200000 | 208034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 10/01/54 *(a)* | 240000 | 224988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 03/01/55 *(a)* | 235000 | 227835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 10/15/55 *(a)* | 200000 | 192600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/01/56 *(a)* | 250000 | 237892 |
| **PacifiCorp** | **PacifiCorp** | **PacifiCorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/15/29 *(a)* | 175000 | 177434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/29 *(a)* | 150000 | 148449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/15/29 *(a)* | 140000 | 134816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 09/15/30 *(a)* | 170000 | 154919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/15/31 *(a)* | 200000 | 202936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/15/31 *(a)* | 175000 | 175604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.70%, 11/15/31  | 150000 | 168462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/15/33 *(a)* | 200000 | 200600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/15/34 *(a)* | 210000 | 209542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/35  | 130000 | 127191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/15/36 *(a)* | 275000 | 277337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 08/01/36  | 140000 | 143065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/37  | 200000 | 198190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/15/37  | 160000 | 165704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 07/15/38  | 150000 | 153966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/39  | 190000 | 189103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/01/42 *(a)* | 110000 | 86323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/15/49 *(a)* | 225000 | 164747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/15/50 *(a)* | 180000 | 131297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 03/15/51 *(a)* | 200000 | 124332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 06/15/52 *(a)* | 330000 | 188305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/01/53 *(a)* | 340000 | 291706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/54 *(a)* | 350000 | 307023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/15/55 *(a)* | 400000 | 366008 |
| **PECO Energy Co.** | **PECO Energy Co.** | **PECO Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/15/33 *(a)* | 175000 | 176295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/15/35 *(a)* | 160000 | 158688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 10/01/36  | 90000 | 96053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 09/15/47 *(a)* | 165000 | 123131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/01/48 *(a)* | 255000 | 195794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 09/15/49 *(a)* | 145000 | 94260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/15/50 *(a)* | 200000 | 123746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 03/15/51 *(a)* | 100000 | 64610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 09/15/51 *(a)* | 160000 | 98594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/52 *(a)* | 145000 | 121955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/15/52 *(a)* | 140000 | 113553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/15/55 *(a)* | 160000 | 157677 |
| **Pinnacle West Capital Corp.** | **Pinnacle West Capital Corp.** | **Pinnacle West Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/15/28 *(a)* | 150000 | 151304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/30 *(a)* | 135000 | 137331 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Potomac Electric Power Co.** | **Potomac Electric Power Co.** | **Potomac Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/34 *(a)* | 150000 | 152994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/15/37  | 240000 | 265495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/43 *(a)* | 250000 | 207420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/54 *(a)* | 120000 | 114703 |
| **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/15/30 *(a)* | 175000 | 171684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/34 *(a)* | 250000 | 252125 |
| **PPL Electric Utilities Corp.** | **PPL Electric Utilities Corp.** | **PPL Electric Utilities Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/33 *(a)* | 165000 | 167099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/15/34 *(a)* | 200000 | 199948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/15/39  | 120000 | 130008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/43 *(a)* | 220000 | 197978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/15/44 *(a)* | 95000 | 78466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/01/45 *(a)* | 135000 | 110568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 06/01/47 *(a)* | 140000 | 109439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 06/15/48 *(a)* | 150000 | 119880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/53 *(a)* | 200000 | 186316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/55 *(a)* | 150000 | 145971 |
| **Progress Energy, Inc.** | **Progress Energy, Inc.** | **Progress Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 03/01/31  | 250000 | 282245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/30/31  | 200000 | 220224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/01/39  | 185000 | 192132 |
| **Public Service Co. of Colorado** | **Public Service Co. of Colorado** | **Public Service Co. of Colorado** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/15/28 *(a)* | 175000 | 172900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/13/29 *(a)* | 200000 | 199452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 01/15/31 *(a)* | 150000 | 132815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 06/15/31 *(a)* | 225000 | 196607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 06/01/32 *(a)* | 175000 | 170389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 05/15/34 *(a)* | 320000 | 325798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/35 *(a)* | 240000 | 239273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 09/01/37  | 150000 | 160488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/01/38  | 165000 | 180644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/15/42 *(a)* | 160000 | 123712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/44 *(a)* | 100000 | 83076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 06/15/47 *(a)* | 115000 | 86134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 06/15/48 *(a)* | 85000 | 66607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/15/49 *(a)* | 205000 | 158096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/01/50 *(a)* | 250000 | 166347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 01/15/51 *(a)* | 220000 | 129989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/52 *(a)* | 105000 | 85739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/53 *(a)* | 240000 | 217404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/15/54 *(a)* | 230000 | 224011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/15/55 *(a)* | 240000 | 238157 |
| **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/01/28  | 90000 | 90249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 06/15/31 *(a)* | 75000 | 66623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 10/01/33 *(a)* | 100000 | 103286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 07/01/49 *(a)* | 130000 | 94112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/15/53 *(a)* | 145000 | 132518 |
| **Public Service Co. of Oklahoma** | **Public Service Co. of Oklahoma** | **Public Service Co. of Oklahoma** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 08/15/31 *(a)* | 160000 | 140635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/33 *(a)* | 155000 | 157268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/15/35 *(a)* | 150000 | 149427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/15/36 *(a)* | 200000 | 201632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/51 *(a)* | 150000 | 96278 |
| **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/27 *(a)* | 255000 | 251881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/01/28 *(a)* | 245000 | 242486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/15/29 *(a)* | 225000 | 218358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/15/30 *(a)* | 340000 | 317458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 01/01/31 *(a)* | 160000 | 158211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 08/15/31 *(a)* | 200000 | 175514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/15/32 *(a)* | 245000 | 248241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/33 *(a)* | 110000 | 108986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 08/01/34 *(a)* | 125000 | 124148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/15/35 *(a)* | 130000 | 129167 |

---

**75**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 05/01/37  | 110000 | 116126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/01/42 *(a)* | 100000 | 82715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 09/01/42 *(a)* | 320000 | 252211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 01/01/43 *(a)* | 175000 | 141092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/01/46 *(a)* | 180000 | 139277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 12/01/47 *(a)* | 300000 | 221520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/01/48 *(a)* | 285000 | 224321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 05/01/49 *(a)* | 240000 | 182666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 08/01/49 *(a)* | 150000 | 101238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 01/01/50 *(a)* | 90000 | 60174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 05/01/50 *(a)* | 225000 | 138895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 08/01/50 *(a)* | 115000 | 61039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/51 *(a)* | 180000 | 115848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/53 *(a)* | 150000 | 137204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/01/54 *(a)* | 155000 | 145116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/55 *(a)* | 100000 | 96827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/01/56 *(a)* | 160000 | 157890 |
| **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/15/27 *(a)* | 200000 | 204436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/15/28 *(a)* | 315000 | 325367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/29 *(a)* | 300000 | 305889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/30 *(a)* | 25000 | 25285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 08/15/30 *(a)* | 210000 | 184995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 11/15/31 *(a)* | 300000 | 266544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 10/15/33 *(a)* | 155000 | 164466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/01/34 *(a)* | 150000 | 152471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/35 *(a)* | 100000 | 101270 |
| **Puget Energy, Inc.** | **Puget Energy, Inc.** | **Puget Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 06/15/28 *(a)* | 50000 | 47665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 06/15/30 *(a)* | 200000 | 194168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 03/15/32 *(a)* | 150000 | 143232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 03/15/35 *(a)* | 190000 | 191767 |
| **Puget Sound Energy, Inc.** | **Puget Sound Energy, Inc.** | **Puget Sound Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 06/15/34 *(a)* | 140000 | 142960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.27%, 03/15/37  | 100000 | 107544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.76%, 10/01/39  | 170000 | 173315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/40  | 125000 | 127924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 04/15/41 *(a)* | 105000 | 104982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/20/45 *(a)* | 165000 | 134228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 06/15/48 *(a)* | 215000 | 172587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 09/15/49 *(a)* | 255000 | 170580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.89%, 09/15/51 *(a)* | 135000 | 84299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/53 *(a)* | 120000 | 114078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/15/55 *(a)* | 150000 | 145376 |
| **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/28 *(a)* | 125000 | 127046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 10/01/30 *(a)* | 275000 | 243565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/15/32 *(a)* | 150000 | 136791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/15/35 *(a)* | 200000 | 203448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/36 *(a)* | 200000 | 199460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/01/39  | 100000 | 104106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/40  | 155000 | 139655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/01/47 *(a)* | 125000 | 92921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/15/48 *(a)* | 110000 | 86304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 06/15/49 *(a)* | 165000 | 126926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.32%, 04/15/50 *(a)* | 150000 | 100584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 08/15/51 *(a)* | 225000 | 141219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/52 *(a)* | 170000 | 121429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/01/53 *(a)* | 230000 | 212545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 04/15/54 *(a)* | 175000 | 166640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/56 *(a)* | 150000 | 150446 |
| **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/15/54 *(a)* | 115000 | 114065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 12/15/55 *(a)(b)* | 200000 | 194564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 09/15/56 *(a)(b)* | 175000 | 172973 |
| **Southern California Edison Co.** | **Southern California Edison Co.** | **Southern California Edison Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/01/27 *(a)* | 190000 | 190488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/01/27 *(a)* | 250000 | 254840 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 03/01/28 *(a)* | 135000 | 132798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/01/28 *(a)* | 200000 | 202820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 10/01/28 *(a)* | 140000 | 143531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/29 *(a)* | 210000 | 207745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 04/01/29  | 115000 | 120034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/01/29 *(a)* | 130000 | 131843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 08/01/29 *(a)* | 280000 | 264286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/30 *(a)* | 250000 | 254007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/30 *(a)* | 250000 | 226515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 06/01/31 *(a)* | 240000 | 214560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/31 *(a)* | 250000 | 256030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 02/01/32 *(a)* | 200000 | 178624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 11/01/32 *(a)* | 200000 | 209910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/34  | 200000 | 209126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/34 *(a)* | 250000 | 248447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/01/35 *(a)* | 260000 | 261513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/35  | 100000 | 102011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/15/35  | 100000 | 99001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/01/36  | 110000 | 110363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 01/15/37  | 135000 | 135049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/01/38  | 195000 | 198091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 03/15/39  | 190000 | 193150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/40  | 165000 | 159227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/01/40 *(a)* | 195000 | 167686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/15/42 *(a)* | 200000 | 157246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/15/43 *(a)* | 170000 | 129367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/01/43 *(a)* | 250000 | 209652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 02/01/45 *(a)* | 200000 | 142382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/47 *(a)* | 555000 | 413408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/01/48 *(a)* | 395000 | 297534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/01/49 *(a)* | 200000 | 166842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 02/01/50 *(a)* | 430000 | 297035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 02/01/51 *(a)* | 310000 | 186713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 06/01/51 *(a)* | 210000 | 143938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 02/01/52 *(a)* | 235000 | 154597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/52 *(a)* | 160000 | 141757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/01/53 *(a)* | 165000 | 152661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 12/01/53 *(a)* | 150000 | 142524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/15/54 *(a)* | 120000 | 111515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/01/55 *(a)* | 200000 | 190902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 09/15/55 *(a)* | 105000 | 104668 |
| **Southern Co.** | **Southern Co.** | **Southern Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 08/01/27 *(g)* | 310000 | 312731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 03/15/28 *(a)* | 185000 | 176148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/15/28 *(a)* | 270000 | 272678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/29 *(a)* | 325000 | 335029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/30/30 *(a)* | 350000 | 339213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/15/32 *(a)* | 205000 | 214789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/15/33 *(a)* | 200000 | 202312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/34 *(a)* | 305000 | 316559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/35 *(a)* | 200000 | 194704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 07/01/36 *(a)* | 185000 | 170333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/01/46 *(a)* | 550000 | 454608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/15/55 *(a)(b)* | 555000 | 570551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/01/58 *(a)(b)* | 400000 | 402236 |
| **Southern Power Co.** | **Southern Power Co.** | **Southern Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/01/30 *(a)* | 160000 | 157858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/01/35 *(a)* | 160000 | 155325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/41  | 225000 | 211853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/43  | 150000 | 140741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/15/46 *(a)* | 128000 | 112033 |
| **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 09/15/28 *(a)* | 315000 | 313365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/33 *(a)* | 200000 | 203188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/36 *(a)* | 150000 | 147603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/15/40  | 120000 | 125125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/01/45 *(a)* | 215000 | 161824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 02/01/48 *(a)* | 200000 | 146274 |

---

**76**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/01/51 *(a)* | 250000 | 160593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 04/01/56 *(a)* | 125000 | 121663 |
| **Southwestern Public Service Co.** | **Southwestern Public Service Co.** | **Southwestern Public Service Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/41 *(a)* | 205000 | 179070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 08/15/46 *(a)* | 175000 | 123344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/15/47 *(a)* | 200000 | 147810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 11/15/48 *(a)* | 155000 | 125786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/15/49 *(a)* | 190000 | 137786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/01/50 *(a)* | 170000 | 110056 |
| **System Energy Resources, Inc.** | **System Energy Resources, Inc.** | **System Energy Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/15/34 *(a)* | 100000 | 99777 |
| **Tampa Electric Co.** | **Tampa Electric Co.** | **Tampa Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/01/29 *(a)* | 200000 | 202834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/31 *(a)* | 50000 | 45235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 06/15/42 *(a)* | 180000 | 151234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/15/44 *(a)* | 125000 | 104740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/48 *(a)* | 150000 | 121769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/15/49 *(a)* | 200000 | 163560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 06/15/50 *(a)* | 90000 | 64526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/15/51 *(a)* | 140000 | 97021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/52 *(a)* | 115000 | 102555 |
| **Toledo Edison Co.** | **Toledo Edison Co.** | **Toledo Edison Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 05/15/37  | 100000 | 107754 |
| **Tucson Electric Power Co.** | **Tucson Electric Power Co.** | **Tucson Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 08/01/30 *(a)* | 140000 | 123313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/32 *(a)* | 170000 | 156162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/34 *(a)* | 150000 | 151385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/01/48 *(a)* | 160000 | 138826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/50 *(a)* | 100000 | 75653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/01/51 *(a)* | 190000 | 124391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/53 *(a)* | 110000 | 103399 |
| **Union Electric Co.** | **Union Electric Co.** | **Union Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/15/27 *(a)* | 124000 | 122315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/29 *(a)* | 280000 | 274232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/15/30 *(a)* | 150000 | 142187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/34 *(a)* | 150000 | 152618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/15/35 *(a)* | 150000 | 152060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/36 *(a)* | 100000 | 97718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/01/37  | 80000 | 81121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.45%, 03/15/39  | 150000 | 191112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 09/15/42 *(a)* | 165000 | 133967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 04/15/45 *(a)* | 165000 | 125621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/48 *(a)* | 125000 | 96890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/01/49 *(a)* | 170000 | 114412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 03/15/51 *(a)* | 255000 | 150562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/01/52 *(a)* | 185000 | 138772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/53 *(a)* | 150000 | 142152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/54 *(a)* | 115000 | 106075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/55 *(a)* | 190000 | 172438 |
| **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/27 *(a)* | 175000 | 174085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/01/28 *(a)* | 200000 | 198186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 07/15/29 *(a)* | 270000 | 257988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/30/32 *(a)* | 200000 | 176548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/33 *(a)* | 200000 | 201328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/15/33 *(a)* | 100000 | 102331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/34 *(a)* | 170000 | 169776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 08/15/34 *(a)* | 195000 | 194988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/15/35 *(a)* | 240000 | 235106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/36  | 255000 | 269275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/36 *(a)* | 200000 | 195036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/15/37  | 325000 | 342306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 11/30/37  | 150000 | 161823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 11/15/38  | 300000 | 392481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/43 *(a)* | 250000 | 201190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/15/43 *(a)* | 275000 | 239349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/15/44 *(a)* | 250000 | 210637 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/15/45 *(a)* | 175000 | 141078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/46 *(a)* | 300000 | 230760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/15/47 *(a)* | 250000 | 186752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 12/01/48 *(a)* | 265000 | 220806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 12/01/49 *(a)* | 300000 | 201138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 12/15/50 *(a)* | 350000 | 195856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 11/15/51 *(a)* | 75000 | 46183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/52 *(a)* | 240000 | 197479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/01/53 *(a)* | 220000 | 206239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/54 *(a)* | 135000 | 125011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/54 *(a)* | 100000 | 94749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/55 *(a)* | 70000 | 67418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/15/55 *(a)* | 260000 | 247751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/56 *(a)* | 200000 | 193288 |
| **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 10/01/27 *(a)* | 175000 | 177175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 10/15/27 *(a)* | 225000 | 214945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 *(a)* | 145000 | 146114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 12/15/28 *(a)* | 150000 | 141777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 10/15/30 *(a)* | 86000 | 75794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/56 *(a)(b)* | 195000 | 191554 |
| **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 06/15/28 *(a)* | 150000 | 142319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/01/29 *(a)* | 115000 | 113898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/15/30 *(a)* | 150000 | 148200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/30/32 *(a)* | 345000 | 347463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/33  | 105000 | 110994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 10/01/34 *(a)* | 140000 | 138081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 12/01/36  | 70000 | 73728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 10/15/48 *(a)* | 125000 | 102314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 10/01/54 *(a)* | 100000 | 90034 |
| **Wisconsin Power & Light Co.** | **Wisconsin Power & Light Co.** | **Wisconsin Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 10/15/27 *(a)* | 225000 | 220896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/01/29 *(a)* | 255000 | 245221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 09/16/31 *(a)* | 125000 | 108473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/01/33 *(a)* | 50000 | 50207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/30/34 *(a)* | 100000 | 101810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 08/15/37  | 120000 | 130412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 04/01/50 *(a)* | 235000 | 167141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 12/15/55 *(a)* | 90000 | 87599 |
| **Wisconsin Public Service Corp.** | **Wisconsin Public Service Corp.** | **Wisconsin Public Service Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 12/01/29 *(a)* | 50000 | 50223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/31 *(a)* | 90000 | 89105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 12/01/42  | 60000 | 47161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/01/44 *(a)* | 150000 | 132287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 09/01/49 *(a)* | 72000 | 49100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 12/01/51 *(a)* | 130000 | 80044 |
| **Xcel Energy, Inc.** | **Xcel Energy, Inc.** | **Xcel Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/21/28 *(a)* | 100000 | 100570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/28 *(a)* | 325000 | 323004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/01/30 *(a)* | 310000 | 296351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 11/15/31 *(a)* | 75000 | 66129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/01/32 *(a)* | 300000 | 295092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/15/33 *(a)* | 300000 | 306438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/34 *(a)* | 95000 | 96664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/15/35 *(a)* | 240000 | 243998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/01/36  | 80000 | 86282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/01/49 *(a)* | 200000 | 139966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/03/56 *(a)(b)* | 200000 | 195326 |
|  |  | **210174531** |
| ***Natural Gas 0.2%***  | ***Natural Gas 0.2%***  | ***Natural Gas 0.2%***  |
| **Atmos Energy Corp.** | **Atmos Energy Corp.** | **Atmos Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/15/27 *(a)* | 200000 | 197532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 09/15/29 *(a)* | 285000 | 270220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 01/15/31 *(a)* | 180000 | 157426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 10/15/32 *(a)* | 50000 | 52109 |

---

**77**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/33 *(a)* | 125000 | 133705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/35 *(a)* | 150000 | 153267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/41 *(a)* | 150000 | 150978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/15/43 *(a)* | 200000 | 168248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/15/44 *(a)* | 210000 | 174205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 10/01/48 *(a)* | 235000 | 190070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/49 *(a)* | 225000 | 176740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 09/15/49 *(a)* | 240000 | 165898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 02/15/52 *(a)* | 110000 | 68066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/15/52 *(a)* | 190000 | 189225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/15/53 *(a)* | 150000 | 159180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/54 *(a)* | 150000 | 133430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/15/56 *(a)* | 170000 | 162426 |
| **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/28 *(a)* | 260000 | 264766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/28 *(a)* | 120000 | 119239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 10/01/30 *(a)* | 225000 | 199822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/01/34 *(a)* | 200000 | 204676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 01/15/41 *(a)* | 125000 | 127956 |
| **National Grid USA** | **National Grid USA** | **National Grid USA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/01/35  | 85000 | 88324 |
| **NiSource, Inc.** | **NiSource, Inc.** | **NiSource, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 05/15/27 *(a)* | 225000 | 222667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/30/28 *(a)* | 300000 | 304725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/01/29 *(a)* | 150000 | 153166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/01/29 *(a)* | 350000 | 333056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 05/01/30 *(a)* | 395000 | 381159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 02/15/31 *(a)* | 220000 | 191369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/30/33 *(a)* | 160000 | 164016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/01/34 *(a)* | 200000 | 203808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/15/35 *(a)* | 150000 | 151222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/15/41 *(a)* | 110000 | 112165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/43 *(a)* | 175000 | 162298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/44 *(a)* | 234000 | 204717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/01/45 *(a)* | 175000 | 169711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/47 *(a)* | 320000 | 258058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/30/48 *(a)* | 220000 | 165293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/52 *(a)* | 150000 | 129782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 11/30/54 *(a)(b)* | 200000 | 205490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/31/55 *(a)(b)* | 100000 | 102420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/01/55 *(a)* | 450000 | 436977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/56 *(a)(b)* | 310000 | 305489 |
| **Northwest Natural Holding Co.** | **Northwest Natural Holding Co.** | **Northwest Natural Holding Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 09/15/55 *(a)(b)* | 100000 | 101080 |
| **ONE Gas, Inc.** | **ONE Gas, Inc.** | **ONE Gas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/01/29 *(a)* | 100000 | 102116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/15/30 *(a)* | 130000 | 118377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/01/32 *(a)* | 160000 | 155667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 02/01/44 *(a)* | 200000 | 175364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/01/48 *(a)* | 125000 | 105716 |
| **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/29 *(a)* | 250000 | 243007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/15/31 *(a)* | 20000 | 18068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/15/33 *(a)* | 105000 | 107861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/15/35 *(a)* | 115000 | 114656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/01/43 *(a)* | 100000 | 87672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.64%, 11/01/46 *(a)* | 130000 | 95256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 06/01/50 *(a)* | 120000 | 81199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/15/52 *(a)* | 120000 | 105443 |
| **Sempra** | **Sempra** | **Sempra** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/15/27 *(a)* | 275000 | 271219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/01/28 *(a)* | 355000 | 348592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/29 *(a)* | 200000 | 195476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/01/33 *(a)* | 205000 | 211279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/36 *(a)* | 250000 | 246540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/01/38 *(a)* | 350000 | 295582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/15/39  | 260000 | 265616 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/48 *(a)* | 290000 | 215737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/01/52 *(a)(b)* | 300000 | 291621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 10/01/54 *(a)(b)* | 360000 | 358175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 10/01/54 *(a)(b)* | 470000 | 474813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 04/01/55 *(a)(b)* | 135000 | 134158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 04/01/55 *(a)(b)* | 145000 | 144906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 04/01/56 *(a)(b)* | 200000 | 200916 |
| **Southern California Gas Co.** | **Southern California Gas Co.** | **Southern California Gas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 04/15/27 *(a)* | 250000 | 246630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 02/01/30 *(a)* | 200000 | 187376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/33 *(a)* | 100000 | 102054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/01/34 *(a)* | 95000 | 95583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/15/35 *(a)* | 200000 | 205276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/15/40  | 270000 | 260048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/15/42 *(a)* | 105000 | 82028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/01/48 *(a)* | 125000 | 96851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/15/49 *(a)* | 175000 | 138987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/15/50 *(a)* | 200000 | 149572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 11/15/52 *(a)* | 210000 | 222583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/01/53 *(a)* | 150000 | 146447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/01/54 *(a)* | 150000 | 143379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/55 *(a)* | 150000 | 151181 |
| **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/15/28 *(a)* | 130000 | 129024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 01/15/31 *(a)* | 200000 | 175694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/32 *(a)* | 90000 | 91463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/15/33 *(a)* | 225000 | 233998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/34 *(a)* | 150000 | 148334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/15/35 *(a)* | 130000 | 128380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/15/41 *(a)* | 200000 | 203934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/01/43 *(a)* | 221000 | 186758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 10/01/46 *(a)* | 175000 | 133490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/30/47 *(a)* | 135000 | 110755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 09/30/51 *(a)* | 150000 | 96332 |
| **Southwest Gas Corp.** | **Southwest Gas Corp.** | **Southwest Gas Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/23/28 *(a)* | 145000 | 147846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/28 *(a)* | 175000 | 173122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 06/15/30 *(a)* | 145000 | 132095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/15/32 *(a)* | 190000 | 181815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/29/46 *(a)* | 100000 | 75246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 06/01/49 *(a)* | 125000 | 96333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.18%, 08/15/51 *(a)* | 90000 | 58835 |
| **Spire Missouri, Inc.** | **Spire Missouri, Inc.** | **Spire Missouri, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/33 *(a)* | 150000 | 149829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/01/51 *(a)* | 185000 | 124068 |
| **Spire, Inc.** | **Spire, Inc.** | **Spire, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/01/56 *(a)(b)* | 165000 | 162975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 06/01/56 *(a)(b)* | 140000 | 139761 |
| **Washington Gas Light Co.** | **Washington Gas Light Co.** | **Washington Gas Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/15/46 *(a)* | 185000 | 141923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 09/15/49 *(a)* | 195000 | 139928 |
|  |  | **18921141** |
| ***Utility Other 0.1%***  | ***Utility Other 0.1%***  | ***Utility Other 0.1%***  |
| **American Water Capital Corp.** | **American Water Capital Corp.** | **American Water Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/01/27 *(a)* | 100000 | 98245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/01/28 *(a)* | 250000 | 247638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 06/01/29 *(a)* | 165000 | 160530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/01/30 *(a)* | 150000 | 141048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/01/31 *(a)* | 200000 | 179210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/01/32 *(a)* | 275000 | 270982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/01/34 *(a)* | 200000 | 203470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/35 *(a)* | 270000 | 274441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.59%, 10/15/37  | 225000 | 253566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/01/42 *(a)* | 195000 | 169007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 09/01/45 *(a)* | 90000 | 74968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/46 *(a)* | 110000 | 85077 |

---

**78**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/01/47 *(a)* | 250000 | 186930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/01/48 *(a)* | 230000 | 183303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 06/01/49 *(a)* | 205000 | 161177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 05/01/50 *(a)* | 130000 | 90516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/51 *(a)* | 165000 | 110527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/01/54 *(a)* | 240000 | 228367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/01/55 *(a)* | 260000 | 254644 |
| **Essential Utilities, Inc.** | **Essential Utilities, Inc.** | **Essential Utilities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 05/01/29 *(a)* | 320000 | 311270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/15/30 *(a)* | 160000 | 148659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 05/01/31 *(a)* | 50000 | 44829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/15/34 *(a)* | 100000 | 101546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/15/35 *(a)* | 150000 | 150092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/36 *(a)* | 150000 | 147936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 05/01/49 *(a)* | 215000 | 168754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/15/50 *(a)* | 190000 | 126430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/01/52 *(a)* | 155000 | 140971 |
| **United Utilities PLC** | **United Utilities PLC** | **United Utilities PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 08/15/28  | 185000 | 194518 |
|  |  | **4908651** |
|  |  | **234004323** |
| **Total Corporates**<br> **(Cost $2,483,555,274)** | **Total Corporates**<br> **(Cost $2,483,555,274)** | **2344508016** |
| **TREASURIES** 45.9% OF NET ASSETS | **TREASURIES** 45.9% OF NET ASSETS | **TREASURIES** 45.9% OF NET ASSETS |
| **U.S. Treasury Bonds** | **U.S. Treasury Bonds** | **U.S. Treasury Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 08/15/27  | 4200000 | 4345359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/15/27  | 2434000 | 2522803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/28  | 1748000 | 1815120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/28  | 2248000 | 2328436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/29  | 1174000 | 1221648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 08/15/29  | 1044000 | 1118140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/15/30  | 2131000 | 2319877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/31  | 2594000 | 2757341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/36  | 2844000 | 2901102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/37  | 1432000 | 1483463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/37  | 1948000 | 2062293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/38  | 1996000 | 1992725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/38  | 2096000 | 2111229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/39  | 1872000 | 1689334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/39  | 2846000 | 2761954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/39  | 3646000 | 3612388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/39  | 3825000 | 3731766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/40  | 4455000 | 4453608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 05/15/40  | 11700000 | 7372828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/40  | 4544000 | 4415490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 08/15/40  | 15350000 | 9572164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/40  | 4244000 | 3890886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 11/15/40  | 18100000 | 11661774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/40  | 4053000 | 3864915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/15/41  | 21000000 | 14555625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/41  | 4292000 | 4315472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 05/15/41  | 15200000 | 11082938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/41  | 3944000 | 3799489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/15/41  | 22650000 | 15150727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/41  | 3817000 | 3405480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 11/15/41  | 19700000 | 13629938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/15/41  | 3844000 | 3146975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 02/15/42  | 15400000 | 11227563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 02/15/42  | 5282000 | 4304005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/42  | 3998000 | 3187156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/42  | 13100000 | 10799313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/15/42  | 4691000 | 3587149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/15/42  | 11700000 | 9777727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/15/42  | 7108000 | 5408188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/42  | 11900000 | 10772289 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 02/15/43  | 5286000 | 4233343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/15/43  | 11450000 | 10175293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/43  | 8881000 | 6824493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/15/43  | 12500000 | 11083984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/15/43  | 6417000 | 5481020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/15/43  | 12850000 | 12132207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/15/43  | 6150000 | 5329840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/43  | 13350000 | 13190426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/15/44  | 7027000 | 5971303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/44  | 13150000 | 12576742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 05/15/44  | 6294000 | 5145837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/44  | 13500000 | 13097109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/15/44  | 8132000 | 6377267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/15/44  | 12800000 | 11612000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/15/44  | 7436000 | 5693768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/44  | 12700000 | 12289234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/45  | 9832000 | 6899299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/45  | 13050000 | 12825703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/45  | 4434000 | 3375729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/45  | 13550000 | 13729961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 08/15/45  | 5832000 | 4331171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 08/15/45  | 13300000 | 13259477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/15/45  | 3782000 | 2860433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/45  | 13100000 | 12636383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/46  | 7591000 | 5237790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/46  | 10500000 | 10120195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/15/46  | 7732000 | 5315146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/46  | 10578000 | 6896360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 11/15/46  | 3719000 | 2719228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/47  | 7634000 | 5692101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/47  | 6038000 | 4489347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/15/47  | 10280000 | 7277919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/15/47  | 9878000 | 6972479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/48  | 11300000 | 8337281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 05/15/48  | 12420000 | 9348961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/15/48  | 14028000 | 10298525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/15/48  | 13800000 | 10818984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/49  | 15276000 | 11161028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/49  | 13550000 | 9633203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/49  | 13100000 | 8149633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 11/15/49  | 13000000 | 8286484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 02/15/50  | 16898000 | 9839125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 05/15/50  | 18450000 | 8759426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 08/15/50  | 21050000 | 10293121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 11/15/50  | 21050000 | 10985469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/15/51  | 23850000 | 13246067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/15/51  | 23800000 | 14891734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/15/51  | 21700000 | 12358828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 11/15/51  | 20250000 | 11129590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 02/15/52  | 19600000 | 11813594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/52  | 18900000 | 13108922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/15/52  | 18000000 | 12799688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/52  | 17950000 | 15425781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/15/53  | 16700000 | 13405664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/15/53  | 18250000 | 14635645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/15/53  | 20200000 | 17723922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/53  | 20900000 | 20326883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/54  | 22040000 | 19746462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/54  | 21850000 | 20839437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/15/54  | 21950000 | 19662398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/54  | 22000000 | 20557969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/55  | 21950000 | 20934812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/55  | 22075000 | 21495531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/55  | 23150000 | 22556781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/15/55  | 24190000 | 23109009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/56  | 18230000 | 17777098 |
| **U.S. Treasury Notes** | **U.S. Treasury Notes** | **U.S. Treasury Notes** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/27  | 18500000 | 18642725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 04/30/27  | 9150000 | 8836541 |

---

**79**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/30/27  | 15500000 | 15334404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/30/27  | 24000000 | 23992031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/15/27  | 16320000 | 16067231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/27  | 18450000 | 18588015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 05/31/27  | 8700000 | 8374600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 05/31/27  | 15450000 | 15243899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/31/27  | 21475000 | 21491777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/15/27  | 17800000 | 17969309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 06/30/27  | 10400000 | 9985625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/30/27  | 14500000 | 14401445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/30/27  | 21575000 | 21560252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 07/15/27  | 17500000 | 17622705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.38%, 07/31/27  | 12600000 | 12039398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 07/31/27  | 14000000 | 13806133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/31/27  | 21000000 | 21011895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/27  | 13872000 | 13581826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/27  | 17300000 | 17280740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 08/31/27  | 12000000 | 11455313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/31/27  | 13500000 | 13370010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/31/27  | 21700000 | 21638545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 09/15/27  | 18500000 | 18381846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.38%, 09/30/27  | 16700000 | 15866957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/30/27  | 20600000 | 20501426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 09/30/27  | 13500000 | 13558272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/27  | 17300000 | 17313178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.50%, 10/31/27  | 14300000 | 13574107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/31/27  | 22100000 | 21986478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/31/27  | 13000000 | 13054336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 11/15/27  | 13474000 | 13142413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/27  | 17900000 | 17978313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 11/30/27  | 15500000 | 14705322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/30/27  | 21500000 | 21344209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/30/27  | 13000000 | 13009141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/27  | 18200000 | 18251543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 12/31/27  | 17525000 | 16582347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/31/27  | 31850000 | 31609259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/31/27  | 17500000 | 17514355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/28  | 22200000 | 22359562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 01/31/28  | 18200000 | 17217129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/31/28  | 28500000 | 28340801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 02/15/28  | 17822000 | 17483312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/28  | 18500000 | 18644893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 02/29/28  | 19300000 | 18350832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/29/28  | 24000000 | 23814375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/29/28  | 13000000 | 13044941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/15/28  | 18500000 | 18523125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 03/31/28  | 16600000 | 15789129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/31/28  | 12950000 | 12905231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/31/28  | 22000000 | 22034805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/15/28  | 19000000 | 18976992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 04/30/28  | 18000000 | 17085938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/30/28  | 12800000 | 12720500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/28  | 19170000 | 18809814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/28  | 18500000 | 18476152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 05/31/28  | 18505000 | 17529150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/31/28  | 12500000 | 12453125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/15/28  | 18000000 | 18028125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 06/30/28  | 16500000 | 15598301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/30/28  | 12700000 | 12755563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/15/28  | 18800000 | 18824969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/31/28  | 18000000 | 16882031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/31/28  | 14000000 | 14098438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 08/15/28  | 19368000 | 18963239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/15/28  | 23000000 | 22904766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 08/31/28  | 18100000 | 16987840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/31/28  | 14700000 | 14887195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 09/15/28  | 24540000 | 24288849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 09/30/28  | 19750000 | 18552656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/30/28  | 16000000 | 16308125 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/15/28  | 20975000 | 20815229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 10/31/28  | 18500000 | 17400117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/31/28  | 16650000 | 17077957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/15/28  | 19114000 | 18786225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/28  | 18375000 | 18228574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 11/30/28  | 18500000 | 17424688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/30/28  | 17050000 | 17289100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/15/28  | 25800000 | 25590375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 12/31/28  | 18000000 | 16862344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/31/28  | 19000000 | 18965117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/29  | 26000000 | 25781641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 01/31/29  | 17300000 | 16343094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/29  | 20000000 | 20094531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 02/15/29  | 19166000 | 18546848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/29  | 21100000 | 20919496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/28/29  | 16000000 | 15148750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/28/29  | 21950000 | 22205512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/29  | 23000000 | 22799648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/31/29  | 15400000 | 14771367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/31/29  | 21400000 | 21582234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 04/30/29  | 13200000 | 12834938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/30/29  | 22500000 | 23012402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/15/29  | 15658000 | 14996205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/31/29  | 13000000 | 12582578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/31/29  | 22550000 | 22991310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/30/29  | 12500000 | 12276367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/30/29  | 22100000 | 22376250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 07/31/29  | 11000000 | 10581914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/31/29  | 22500000 | 22604590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 08/15/29  | 15166000 | 14116228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/31/29  | 11400000 | 11133703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/31/29  | 22500000 | 22333008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/30/29  | 21000000 | 20752266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/30/29  | 11000000 | 11003008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/31/29  | 10500000 | 10543477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/31/29  | 20400000 | 20570531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 11/15/29  | 10866000 | 10101984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/30/29  | 10800000 | 10800422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/30/29  | 21000000 | 21176367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/31/29  | 10000000 | 9997266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 12/31/29  | 21000000 | 21358477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/31/30  | 10500000 | 10355625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/31/30  | 20775000 | 21038745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/15/30  | 18998000 | 17389107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/28/30  | 30800000 | 30920312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/31/30  | 10000000 | 9899219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/31/30  | 21000000 | 21078750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/30/30  | 10200000 | 10047398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/30/30  | 21500000 | 21480684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 05/15/30  | 23905000 | 20940220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/31/30  | 11000000 | 10935547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/31/30  | 21400000 | 21476906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/30/30  | 10750000 | 10682393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/30/30  | 20800000 | 20771562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/31/30  | 22600000 | 22565570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/31/30  | 10000000 | 10034375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 08/15/30  | 32700000 | 28399184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/31/30  | 24750000 | 24450293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/31/30  | 10500000 | 10582852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/30/30  | 26300000 | 25977414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/30/30  | 11000000 | 11315391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/31/30  | 27000000 | 26654062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/31/30  | 11500000 | 11948770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 11/15/30  | 34800000 | 30342609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/30/30  | 23250000 | 22824961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/30/30  | 13800000 | 14052281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 12/31/30  | 27600000 | 27229125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/31/30  | 14050000 | 13932002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/31/31  | 24500000 | 24294238 |

---

**80**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/31  | 13300000 | 13329613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 02/15/31  | 34100000 | 29902769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/28/31  | 25750000 | 25252100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/28/31  | 13500000 | 13677188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/31/31  | 26000000 | 25918750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/31/31  | 13500000 | 13598086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/30/31  | 14000000 | 14417813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 05/15/31  | 33300000 | 29707242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/31/31  | 13900000 | 14314828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/30/31  | 13000000 | 13165547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/31/31  | 12500000 | 12582520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 08/15/31  | 35400000 | 30730242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/31/31  | 16025000 | 15829695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/30/31  | 12225000 | 11996259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/31/31  | 15200000 | 15283125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 11/15/31  | 32800000 | 28452719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/30/31  | 12500000 | 12563965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/31/31  | 14000000 | 14336875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/31/32  | 13300000 | 13529113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/15/32  | 30800000 | 27321766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/29/32  | 13500000 | 13552734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/31/32  | 12500000 | 12545899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/30/32  | 13250000 | 13203936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/15/32  | 30600000 | 28626539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/31/32  | 13800000 | 13839352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/30/32  | 14000000 | 13940391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/31/32  | 13000000 | 12937539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/15/32  | 29500000 | 27292109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/31/32  | 13100000 | 12937785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/30/32  | 14200000 | 14016953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/31/32  | 13500000 | 13220508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/32  | 31700000 | 31719812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/30/32  | 14100000 | 13801477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/31/32  | 14400000 | 14194125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/33  | 14500000 | 14392383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/33  | 32000000 | 30800000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/28/33  | 15250000 | 14905684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/31/33  | 14000000 | 14097344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 05/15/33  | 31400000 | 29915860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/33  | 35100000 | 34463812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/33  | 35740000 | 36488306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/15/34  | 39000000 | 38478985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/34  | 38000000 | 38403750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/34  | 37750000 | 36794453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/34  | 38100000 | 38094047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/35  | 38350000 | 39350695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/35  | 38500000 | 38400742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/15/35  | 38250000 | 38115528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/35  | 41450000 | 40436418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/15/36  | 34500000 | 33963633 |
| **Total Treasuries**<br> **(Cost $4,654,292,420)** | **Total Treasuries**<br> **(Cost $4,654,292,420)** | **4563010890** |
| **GOVERNMENT RELATED** 4.1% OF NET ASSETS | **GOVERNMENT RELATED** 4.1% OF NET ASSETS | **GOVERNMENT RELATED** 4.1% OF NET ASSETS |
| **Agency 1.1%** | **Agency 1.1%** | **Agency 1.1%** |
| **Foreign 0.6%**  | **Foreign 0.6%**  | **Foreign 0.6%**  |
| ***Austria 0.0%***  | ***Austria 0.0%***  | ***Austria 0.0%***  |
| **Oesterreichische Kontrollbank AG** | **Oesterreichische Kontrollbank AG** | **Oesterreichische Kontrollbank AG** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/21/27  | 105000 | 105982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/09/27  | 350000 | 348730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/01/28  | 730000 | 735117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/28/28  | 500000 | 501300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/18/29  | 460000 | 462944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/05/29  | 150000 | 149169 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/24/30  | 500000 | 509380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/10/30  | 440000 | 436053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/15/31  | 470000 | 465370 |
|  |  | **3714045** |
| ***Canada 0.1%***  | ***Canada 0.1%***  | ***Canada 0.1%***  |
| **CI Financial Corp.** | **CI Financial Corp.** | **CI Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 12/17/30 *(a)* | 360000 | 321926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 06/15/51 *(a)* | 130000 | 86945 |
| **Export Development Canada** | **Export Development Canada** | **Export Development Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/25/27  | 1350000 | 1336608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/14/28  | 1490000 | 1490164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/13/29  | 980000 | 987184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/20/30  | 600000 | 601278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/05/34  | 350000 | 361743 |
|  |  | **5185848** |
| ***China 0.0%***  | ***China 0.0%***  | ***China 0.0%***  |
| **Industrial & Commercial Bank of China Ltd.** | **Industrial & Commercial Bank of China Ltd.** | **Industrial & Commercial Bank of China Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 11/08/27  | 300000 | **297186** |
| ***Germany 0.2%***  | ***Germany 0.2%***  | ***Germany 0.2%***  |
| **Kreditanstalt fuer Wiederaufbau** | **Kreditanstalt fuer Wiederaufbau** | **Kreditanstalt fuer Wiederaufbau** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/20/27 *(h)* | 1825000 | 1808137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/28/27 *(h)* | 920000 | 921812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/27/27 *(h)* | 1050000 | 1045254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/28 *(h)* | 825000 | 824125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 04/03/28 *(h)* | 1185000 | 1163777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/15/28 *(h)* | 535000 | 535722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/15/28 *(h)* | 1000000 | 1001320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/09/28 *(h)* | 1065000 | 1057460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/29 *(h)* | 1275000 | 1280903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/14/29 *(h)* | 895000 | 834552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/18/30 *(h)* | 925000 | 949771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/15/30 *(h)* | 1725000 | 1713391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 09/30/30 *(h)* | 830000 | 722200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/29/30 *(h)* | 815000 | 842465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/14/31 *(h)* | 1600000 | 1585344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/15/33 *(h)* | 1425000 | 1420283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/28/34 *(h)* | 820000 | 828110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.28%, 04/18/36 *(h)(i)* | 660000 | 427218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.51%, 06/29/37 *(h)(i)* | 665000 | 404819 |
| **Landwirtschaftliche Rentenbank** | **Landwirtschaftliche Rentenbank** | **Landwirtschaftliche Rentenbank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/28/27 *(h)* | 60000 | 60000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 11/15/27 *(h)* | 500000 | 489435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/17/29 *(h)* | 500000 | 510660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/28/30 *(h)* | 450000 | 453200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 09/03/30 *(h)* | 850000 | 745127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/08/30 *(h)* | 200000 | 197250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/24/33 *(h)* | 565000 | 592911 |
|  |  | **22415246** |
| ***Japan 0.1%***  | ***Japan 0.1%***  | ***Japan 0.1%***  |
| **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** | **Japan Bank for International Cooperation** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 06/01/27  | 750000 | 740257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 07/21/27  | 300000 | 295620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/05/27  | 450000 | 452502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/16/27  | 475000 | 465752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/19/28  | 460000 | 466274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 07/20/28  | 620000 | 609906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/31/28  | 550000 | 543219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 02/16/29  | 545000 | 517031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 10/17/29  | 400000 | 372724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 01/21/31  | 600000 | 525036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 04/15/31  | 1200000 | 1075464 |

---

**81**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/17/34  | 300000 | 303027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/23/36  | 400000 | 392836 |
| **Japan International Cooperation Agency** | **Japan International Cooperation Agency** | **Japan International Cooperation Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/27/27  | 510000 | 503237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 06/12/28  | 525000 | 517419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 07/22/30  | 370000 | 324105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 04/28/31  | 350000 | 310580 |
|  |  | **8414989** |
| ***Norway 0.1%***  | ***Norway 0.1%***  | ***Norway 0.1%***  |
| **Equinor ASA** | **Equinor ASA** | **Equinor ASA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 04/06/27 *(a)* | 150000 | 148420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 09/23/27  | 475000 | 495924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/02/28 *(a)* | 290000 | 290806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/10/28 *(a)* | 385000 | 381801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/06/30 *(a)* | 555000 | 531163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/22/30 *(a)* | 300000 | 278142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/03/30 *(a)* | 95000 | 95632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/03/35 *(a)* | 50000 | 50914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/14/35 *(a)* | 330000 | 325030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/06/40 *(a)* | 200000 | 167426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/17/40  | 245000 | 239789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/23/41  | 275000 | 239599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/15/43  | 355000 | 291576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/08/43  | 260000 | 238815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/18/49 *(a)* | 475000 | 328040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/06/50 *(a)* | 425000 | 318112 |
|  |  | **4421189** |
| ***Philippines 0.0%***  | ***Philippines 0.0%***  | ***Philippines 0.0%***  |
| **Bangko Sentral ng Pilipinas International Bonds** | **Bangko Sentral ng Pilipinas International Bonds** | **Bangko Sentral ng Pilipinas International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.60%, 06/15/27  | 375000 | **392700** |
| ***Republic of Korea 0.1%***  | ***Republic of Korea 0.1%***  | ***Republic of Korea 0.1%***  |
| **Export-Import Bank of Korea** | **Export-Import Bank of Korea** | **Export-Import Bank of Korea** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 04/21/27  | 500000 | 491425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/27  | 200000 | 200556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/17/27  | 350000 | 350424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/11/28  | 520000 | 528351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/18/28  | 300000 | 307644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/11/29  | 250000 | 253090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/13/29  | 400000 | 397256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/14/30  | 400000 | 409936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 09/21/30  | 300000 | 264588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/22/30  | 300000 | 294963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/13/31  | 400000 | 394896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 01/18/32  | 550000 | 489830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/32  | 300000 | 303105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/11/33  | 300000 | 311850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/11/34  | 250000 | 251798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/14/35  | 625000 | 654406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/13/36  | 200000 | 195230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 06/29/41  | 200000 | 146966 |
| **Korea Development Bank** | **Korea Development Bank** | **Korea Development Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/16/27  | 390000 | 390292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/03/28  | 300000 | 302994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/28  | 675000 | 678922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 10/23/28  | 235000 | 242612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/28/29  | 400000 | 397224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/29  | 245000 | 248165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/03/30  | 400000 | 410052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/16/30  | 300000 | 294894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 01/19/31  | 480000 | 427344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/28/31  | 400000 | 397160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 10/25/31  | 250000 | 222880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/08/32  | 200000 | 199212 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/33  | 380000 | 378058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 10/23/33  | 200000 | 214424 |
|  |  | **11050547** |
| ***Sweden 0.0%***  | ***Sweden 0.0%***  | ***Sweden 0.0%***  |
| **Svensk Exportkredit AB** | **Svensk Exportkredit AB** | **Svensk Exportkredit AB** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/04/27  | 400000 | 399748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/08/28  | 500000 | 498250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/14/28  | 755000 | 758601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/01/29  | 300000 | 302706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/12/29  | 500000 | 496140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/04/30  | 700000 | 724080 |
|  |  | **3179525** |
|  |  | **59071275** |
| **U.S. 0.5%** | **U.S. 0.5%** | **U.S. 0.5%** |
| **Federal Farm Credit Banks Funding Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/20/29  | 1000000 | 1006550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/30  | 1000000 | 1002430 |
| **Federal Home Loan Banks** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 12/21/26  | 500000 | 491055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/15/27  | 2500000 | 2507425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/09/27  | 2000000 | 2020080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/10/27  | 2000000 | 2012840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/30/28  | 5000000 | 5021600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/16/28  | 5000000 | 4930300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/08/28  | 2000000 | 2044880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/14/30  | 1000000 | 1006040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/10/34  | 2000000 | 2052780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/15/36  | 1900000 | 2064559 |
| **Federal Home Loan Mortgage Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/15/29  | 500000 | 546235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/31  | 1564000 | 1756998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/15/32  | 700000 | 781732 |
| **Federal National Mortgage Association** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 10/08/27  | 6000000 | 5729880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 01/15/30  | 527000 | 586303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 05/15/30  | 1000000 | 1125960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 08/05/30  | 5285000 | 4646942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 11/15/30  | 2700000 | 3001509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/15/37  | 1500000 | 1638060 |
| **Private Export Funding Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 10/15/27  | 185000 | 184702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 07/15/28  | 200000 | 188740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/15/28  | 150000 | 151623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/15/34  | 150000 | 151650 |
| **Tennessee Valley Authority** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 02/01/27  | 500000 | 496300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/39  | 750000 | 787012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/15/60  | 100000 | 88648 |
|  |  | **48022833** |
|  |  | **107094108** |
| **Local Authority 0.7%** | **Local Authority 0.7%** | **Local Authority 0.7%** |
| **Foreign 0.3%**  | **Foreign 0.3%**  | **Foreign 0.3%**  |
| ***Canada 0.3%***  | ***Canada 0.3%***  | ***Canada 0.3%***  |
| **Hydro-Quebec** | **Hydro-Quebec** | **Hydro-Quebec** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 12/01/29  | 165000 | 188953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 04/15/30  | 300000 | 357282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 11/15/30  | 30000 | 36437 |
| **Province of Alberta** | **Province of Alberta** | **Province of Alberta** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 03/15/28  | 690000 | 682231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 07/22/30  | 950000 | 847704 |

---

**82**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/24/34  | 360000 | 361508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/02/35  | 400000 | 391864 |
| **Province of British Columbia** | **Province of British Columbia** | **Province of British Columbia** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/24/28  | 1135000 | 1150742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/28  | 610000 | 623103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/24/29  | 575000 | 590531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 08/27/30 *(c)* | 1000000 | 993610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 01/29/31  | 700000 | 614579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/06/33  | 900000 | 887976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/12/34  | 500000 | 508435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/11/35  | 750000 | 762615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 09/01/36  | 340000 | 410336 |
| **Province of Manitoba** | **Province of Manitoba** | **Province of Manitoba** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 10/25/28  | 280000 | 263427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/27/33  | 260000 | 257457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/31/34  | 350000 | 358652 |
| **Province of New Brunswick** | **Province of New Brunswick** | **Province of New Brunswick** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/24/28  | 390000 | 387785 |
| **Province of Ontario** | **Province of Ontario** | **Province of Ontario** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/19/27  | 725000 | 718634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.05%, 05/21/27  | 550000 | 532746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 01/18/29  | 750000 | 755362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 01/29/29  | 1125000 | 1121242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 09/17/29  | 545000 | 540079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 10/02/29  | 385000 | 360221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/30  | 750000 | 768487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 09/04/30  | 500000 | 497060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 10/07/30  | 490000 | 431146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 02/25/31  | 900000 | 800991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 10/14/31  | 530000 | 468377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 01/21/32  | 475000 | 423942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/24/34  | 450000 | 467807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/11/35  | 900000 | 921168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 11/20/35  | 600000 | 594294 |
| **Province of Quebec** | **Province of Quebec** | **Province of Quebec** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/12/27  | 735000 | 726342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/13/28  | 1000000 | 994440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/03/29  | 855000 | 868099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/15/29  | 608000 | 675409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.35%, 05/28/30  | 575000 | 516534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/14/31  | 1400000 | 1386420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 04/21/31  | 375000 | 337234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/08/33  | 300000 | 301326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/05/34  | 600000 | 589140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/28/35  | 600000 | 601806 |
| **Province of Saskatchewan** | **Province of Saskatchewan** | **Province of Saskatchewan** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/08/27  | 300000 | 297405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/28/30  | 400000 | 407736 |
|  |  | **27778674** |
| **U.S. 0.4%** | **U.S. 0.4%** | **U.S. 0.4%** |
| **Alameda County Joint Powers Authority** |  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 12/01/44  | 105000 | 118481 |
| **American Municipal Power, Inc.** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 02/15/44  | 100000 | 104899 |
| RB (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.08%, 02/15/50  | 250000 | 313169 |
| **Bay Area Toll Authority** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; RB (Build America Bonds) <br> Series 2009F2<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.26%, 04/01/49  | 300000 | 313896 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB (Build America Bonds) <br> Series 2010S1<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.04%, 04/01/50  | 224524 | 254349 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB (Build America Bonds) <br> Series 2010S3<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.91%, 10/01/50  | 250000 | 279874 |
| RB Sereis F3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/01/55 *(a)* | 165000 | 108440 |
| **Board of Regents of the University of Texas** <br> **System**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.44%, 08/15/49 *(a)* | 70000 | 42920 |
| RB (Build America Bonds) Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 08/15/46  | 60000 | 56625 |
| **California Health Facilities Financing Authority** |  |  |
| RB Series 2022 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 06/01/37 *(a)* | 110000 | 103157 |
| **California State University** |  |  |
| RB Series 2017B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/01/47 *(a)* | 115000 | 94057 |
| RB Series E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 11/01/51 *(a)* | 100000 | 69156 |
| Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 11/01/52  | 400000 | 259661 |
| **Central Puget Sound Regional Transit** <br> **Authority**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; RB (Build America Bonds) <br> Series 2009-S<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 11/01/39  | 115000 | 116896 |
| **Charlotte-Mecklenburg Hospital Authority** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 01/15/51 *(a)* | 75000 | 50977 |
| **Chicago O'Hare International Airport** |  |  |
| RB (Build America Bonds) Series 2010B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 01/01/40  | 150000 | 164457 |
| Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 01/01/49  | 90000 | 78450 |
| Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 01/01/54  | 30000 | 25927 |
| **Chicago Transit Authority Sales & Transfer Tax** <br> **Receipts Revenue**<br>|  |  |
| RB (Pension Funding) Series 2008A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 12/01/40  | 393506 | 440125 |
| RB (Pension Funding) Series 2008B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 12/01/40  | 176400 | 196986 |
| **City of Atlanta Water & Wastewater Revenue** |  |  |
| RB Series 2020 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.26%, 11/01/35 *(a)* | 125000 | 106077 |
| **City of Chicago** |  |  |
| GO Bonds Series 2026A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/01/31  | 65000 | 65298 |
| **City of Houston** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds (Pension Funding) <br> Series 2017<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 03/01/47  | 255000 | 216332 |
| **City of New York** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.61%, 09/01/37 *(a)* | 25000 | 24773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.29%, 02/01/45 *(a)* | 100000 | 104885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.56%, 10/01/45 *(a)* | 100000 | 100534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 10/01/51  | 250000 | 241456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 02/01/55  | 100000 | 103814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.39%, 02/01/55 *(a)* | 200000 | 208796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 10/01/55  | 200000 | 192710 |
| GO Bonds Series 2023 B-1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 10/01/53  | 200000 | 205661 |
| GO Bonds Series 2024 D-1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 10/01/49  | 100000 | 94682 |
| GO Bonds Series 2024 D-1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 10/01/54  | 200000 | 186810 |
| GO Bonds Series 2024 D-2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 10/01/44 *(a)* | 100000 | 98384 |

---

**83**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of New York NY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds (Build America Bonds) <br> Series C1<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 10/01/37  | 115000 | 116897 |
| **City of Riverside CA** |  |  |
| RB Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.86%, 06/01/45 *(a)* | 40000 | 35342 |
| **City of San Antonio Electric & Gas Systems** <br> **Revenue**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 02/01/45 *(a)* | 200000 | 199413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 02/01/50 *(a)* | 250000 | 250434 |
| **City of San Antonio TX Electric & Gas Systems** <br> **Revenue**<br>|  |  |
| RB Series 2012 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 02/01/42  | 210000 | 202956 |
| **City of San Francisco Public Utilities** <br> **Commission Water Revenue**<br>|  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 11/01/50  | 150000 | 164849 |
| **City of Tucson AZ** |  |  |
| Series A, (AGM) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.86%, 07/01/47  | 220000 | 161690 |
| **Commonwealth Financing Authority** |  |  |
| RB Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.86%, 06/01/38  | 75000 | 69340 |
| RB Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.99%, 06/01/42  | 20000 | 15210 |
| Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.14%, 06/01/38  | 215000 | 202694 |
| **Commonwealth of Massachusetts** |  |  |
| GO (Build America Bonds) Series 2009 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 12/01/39  | 100000 | 101358 |
| GO (Build America Bonds) Series 2010D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/01/31  | 400000 | 398944 |
| RB Series 2022 A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 07/15/29  | 150000 | 148972 |
| Series H |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 09/01/49  | 300000 | 202118 |
| **Commonwealth of Massachusetts** <br> **Transportation Fund Revenue**<br>|  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 06/01/40  | 200000 | 206933 |
| **County of Broward Airport System Revenue** |  |  |
| RB Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.48%, 10/01/43 *(a)* | 130000 | 110038 |
| **County of Clark Department of Aviation** |  |  |
| RB (Build America Bonds) Series 2010C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.82%, 07/01/45  | 350000 | 388989 |
| **County of Cook IL** |  |  |
| GO (Build America Bonds) Series D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.23%, 11/15/34  | 115000 | 122428 |
| **County of Miami-Dade FL Aviation Revenue** |  |  |
| RB Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 10/01/41 *(a)* | 205000 | 189154 |
| **County of Miami-Dade Transit System** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 07/01/42 *(a)* | 100000 | 77688 |
| **Dallas Area Rapid Transit** |  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 12/01/48  | 250000 | 234414 |
| Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/01/44  | 300000 | 311162 |
| **Dallas Convention Center Hotel Development** <br> **Corp.**<br>|  |  |
| RB Series 2009 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.09%, 01/01/42  | 105000 | 116586 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Dallas County Hospital District** |  |  |
| GO (Build America Bonds) Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 08/15/44  | 150000 | 147050 |
| **Dallas Fort Worth International Airport** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.51%, 11/01/51 *(a)* | 250000 | 216982 |
| RB Series 2020C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 11/01/50  | 150000 | 105752 |
| RB Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.09%, 11/01/51  | 25000 | 20493 |
| RB Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.84%, 11/01/46 *(a)* | 35000 | 25607 |
| Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.99%, 11/01/38  | 175000 | 151656 |
| Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.14%, 11/01/45  | 105000 | 80081 |
| Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.09%, 11/01/40 *(a)* | 205000 | 165125 |
| **Dallas Independent School District** |  |  |
| GO (Build America Bonds) Series 2010C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 02/15/35 *(a)* | 350000 | 350784 |
| **District of Columbia Water & Sewer Authority** |  |  |
| RB Series 2014A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 10/01/14  | 185000 | 154041 |
| **East Bay Municipal Utility District Water** <br> **System Revenue**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Water System RB (Build America Bonds) <br> Series 2010<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 06/01/40  | 50000 | 52385 |
| **Empire State Development Corp.** |  |  |
| RB (Build America Bonds) Series 2009 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.77%, 03/15/39  | 260000 | 266533 |
| **Foothill-Eastern Transportation Corridor** <br> **Agency**<br>|  |  |
| Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.09%, 01/15/49 *(a)* | 130000 | 106113 |
| Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 01/15/53 *(a)* | 125000 | 98649 |
| **Golden State Tobacco Securitization Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 06/01/50 *(a)* | 200000 | 153011 |
| RB Series 2021 A-1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.71%, 06/01/41 *(a)* | 100000 | 79111 |
| RB Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/01/46  | 125000 | 113900 |
| **Grand Parkway Transportation Corp.** |  |  |
| RB Series 2013E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 10/01/42  | 200000 | 200624 |
| Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.24%, 10/01/52 *(a)* | 300000 | 208605 |
| **Health & Educational Facilities Authority of the** <br> **State of Missouri**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.23%, 05/15/50 *(a)* | 100000 | 70318 |
| **Illinois State Toll Highway Authority** |  |  |
| RB (Build America Bonds) Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 01/01/34  | 30000 | 32089 |
| **Indiana Finance Authority** |  |  |
| RB Series 2021 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 01/01/51  | 60000 | 43179 |
| **JobsOhio Beverage System** |  |  |
| RB Series 2013 B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.53%, 01/01/35  | 185000 | 184895 |
| **Kansas Development Finance Authority** |  |  |
| RB Series H |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 04/15/45  | 40000 | 38578 |
| RB Series K |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.77%, 05/01/51  | 30000 | 20842 |

---

**84**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Los Angeles Community College District** |  |  |
| GO (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 08/01/49  | 85000 | 95190 |
| **Los Angeles Department of Water & Power** |  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.57%, 07/01/45  | 250000 | 265837 |
| **Louisiana Local Government Environmental** <br> **Facilities & Community Development Authority**<br>|  |  |
| RB Series 2022 A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 08/01/39 *(a)* | 300000 | 290134 |
| RB Series 2023 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 12/01/34 *(a)* | 200000 | 204172 |
| RB Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/01/33 *(a)* | 200000 | 199823 |
| RB Series A1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 12/01/39 *(a)* | 100000 | 101418 |
| Series 2022-ELL, Class A3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 02/01/36 *(a)* | 300000 | 294915 |
| **Louisville and Jefferson County Metropolitan** <br> **Sewer District**<br>|  |  |
| RB (Build America Bonds) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/15/43  | 100000 | 104509 |
| **Maryland Economic Development Corp.** |  |  |
| RB Series 2024 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 05/31/57 *(a)* | 150000 | 150584 |
| **Maryland Health & Higher Educational** <br> **Facilities Authority**<br>|  |  |
| RB Series D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 07/01/40 *(a)* | 100000 | 78101 |
| RB Series D |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 07/01/50  | 100000 | 67890 |
| **Massachusetts School Building Authority** |  |  |
| RB Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 08/15/39  | 50000 | 51789 |
| **Metropolitan Government of Nashville &** <br> **Davidson County Convention Center Auth**<br>|  |  |
| RB (Build America Bonds) Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.73%, 07/01/43  | 10000 | 10720 |
| **Metropolitan Transportation Authority** |  |  |
| RB Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.67%, 11/15/39  | 40000 | 43027 |
| **Metropolitan Transportation Authority** <br> **Dedicated Tax Fund**<br>|  |  |
| RB (Build America Bonds) Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.34%, 11/15/39  | 310000 | 362184 |
| **Metropolitan Washington Airports Authority** <br> **Dulles Toll Road Revenue**<br>|  |  |
| RB (Build America Bonds) Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.46%, 10/01/46  | 90000 | 105907 |
| **Metropolitan Water Reclamation District of** <br> **Greater Chicago**<br>|  |  |
| GO Bonds Series 2009 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 12/01/38  | 250000 | 257928 |
| **Michigan Finance Authority** |  |  |
| RB Series 2019 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/01/40  | 350000 | 294168 |
| **Michigan State University** |  |  |
| RB Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/48 *(a)* | 175000 | 160270 |
| **Michigan Strategic Fund** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.23%, 09/01/47 *(a)* | 40000 | 30460 |
| **Missouri Health & Educational Facilities** <br> **Authority**<br>|  |  |
| RB Series 2017A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 08/15/57 *(a)* | 130000 | 93918 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Municipal Electric Authority of Georgia** |  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.66%, 04/01/57  | 244000 | 265530 |
| RB (Build America Bonds) Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.64%, 04/01/57  | 241000 | 260613 |
| RB Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.06%, 04/01/57  | 110000 | 123369 |
| **New Jersey Economic Development Authority** |  |  |
| Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.43%, 02/15/29  | 382000 | 400878 |
| **New Jersey Transportation Trust Fund** <br> **Authority**<br>|  |  |
| RB (Build America Bonds) Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.56%, 12/15/40  | 150000 | 165136 |
| **New Jersey Turnpike Authority** |  |  |
| RB (Build America Bonds) Series 2009F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.41%, 01/01/40  | 500000 | 591230 |
| RB (Build America Bonds) Series 2010A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 01/01/41  | 650000 | 752507 |
| **New York City Municipal Water Finance** <br> **Authority**<br>|  |  |
| RB (Build America Bonds) Series GG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 06/15/42  | 100000 | 100712 |
| Water System RB (Build America Bonds) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.01%, 06/15/42  | 250000 | 258226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Water System RB (Build America Bonds) <br> Series 2011CC<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/44  | 250000 | 254165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Water System RB (Build America Bonds) <br> Series AA-2-2009<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/15/41  | 300000 | 303802 |
| **New York State Dormitory Authority** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 07/01/35  | 150000 | 154410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 07/01/55  | 100000 | 104595 |
| RB (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/15/40  | 9087 | 9192 |
| RB Series 2009F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/15/39  | 185000 | 189419 |
| **North Texas Tollway Authority** |  |  |
| RB (Build America Bonds) Series 2009B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.72%, 01/01/49  | 350000 | 383163 |
| **Ohio State University** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/01/11  | 25000 | 20788 |
| **Ohio Turnpike & Infrastructure Commission** |  |  |
| RB Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.22%, 02/15/48 *(a)* | 100000 | 74254 |
| **Oklahoma Development Finance Authority** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 06/01/44  | 150000 | 144691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/01/45  | 155000 | 153332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 02/01/52  | 100000 | 95924 |
| RB Series 2022 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/01/45 *(a)* | 45000 | 42843 |
| RB Series 2022 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 05/01/52 *(a)* | 150000 | 138354 |
| **Oregon School Boards Association** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 06/30/28  | 112131 | 113674 |
| **Oregon State University** |  |  |
| RB Series 2020 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.42%, 03/01/60 *(a)* | 270000 | 186823 |
| **Pennsylvania State University** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.79%, 09/01/43  | 240000 | 185368 |
| **Permanent University Fund - Texas A&M** <br> **University System**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.66%, 07/01/47 *(a)* | 150000 | 122562 |

---

**85**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Port Authority of New York & New Jersey** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/01/40  | 200000 | 209987 |
| Consolidated Bonds 164th Series |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/01/40  | 240000 | 251225 |
| Consolidated Bonds 168th Series |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 10/01/51  | 500000 | 459103 |
| Consolidated Bonds 174th Series |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 10/01/62  | 925000 | 774749 |
| Consolidated Bonds 181st Series |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 08/01/46  | 200000 | 188429 |
| RB Series 182 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 08/01/46 *(a)* | 380000 | 363367 |
| **Port of Morrow** |  |  |
| RB Series 2020 1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54%, 09/01/40  | 100000 | 77078 |
| **Regents of the University of California Medical** <br> **Center Pooled Revenue**<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/15/32 *(a)* | 75000 | 73936 |
| RB (Build America Bonds) Series F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.58%, 05/15/49  | 310000 | 328801 |
| RB (Build America Bonds) Series H |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 05/15/48  | 100000 | 106179 |
| RB Series 2022 Q |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.56%, 05/15/53  | 200000 | 168982 |
| RB Series N |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.71%, 05/15/20 *(a)* | 30000 | 18814 |
| Series N |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.01%, 05/15/50 *(a)* | 235000 | 153062 |
| **Regional Transportation District Sales Tax** <br> **Revenue**<br>|  |  |
| Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.84%, 11/01/50  | 200000 | 202450 |
| **Rutgers The State University of New Jersey** |  |  |
| RB (Build America Bonds) Series H |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 05/01/40  | 30000 | 30662 |
| Series P |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 05/01/19 *(a)* | 150000 | 99355 |
| Series R |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.27%, 05/01/43  | 100000 | 81404 |
| **Sales Tax Securitization Corp.** |  |  |
| RB 2021 Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.24%, 01/01/42  | 150000 | 122676 |
| RB Series 2017B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 01/01/43  | 300000 | 258426 |
| RB Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 01/01/48  | 250000 | 194049 |
| **Salt River Project Agricultural Improvement &** <br> **Power District**<br>|  |  |
| RB (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 01/01/41  | 75000 | 72313 |
| **San Diego County Regional Transportation** <br> **Commission**<br>|  |  |
| RB (Build America Bonds) Series 2010A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.91%, 04/01/48  | 300000 | 301725 |
| **San Diego County Water Authority., Class B** |  |  |
| RB (Build America Bonds) Series 2010B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 05/01/49  | 345000 | 350540 |
| **San Francisco City & County Public Utilities** <br> **Commission Wastewater Revenue**<br>|  |  |
| Cnty Ca P Sfoutl 10/27 Fixed 4.655 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 10/01/27 *(a)* | 100000 | 101074 |
| **San Joaquin Hills Transportation Corridor** <br> **Agency**<br>|  |  |
| RB Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 01/15/50 *(a)* | 240000 | 182244 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **San Jose Redevelopment Successor Agency** |  |  |
| Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/01/34 *(a)* | 375000 | 351485 |
| **State Board of Administration Finance Corp.** |  |  |
| RB Series 2024 A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 07/01/34 *(a)* | 300000 | 314253 |
| Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.71%, 07/01/27  | 350000 | 340294 |
| Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 07/01/30  | 350000 | 321014 |
| **State of California** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/01/30  | 350000 | 361332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 11/01/30  | 100000 | 90255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/01/31  | 150000 | 161070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/33 *(a)* | 10000 | 9894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/01/38 *(a)* | 105000 | 106298 |
| GO (Build America Bonds) Series 2009 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/01/34  | 900000 | 1035725 |
| GO (Build America Bonds) Series 2009 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.55%, 04/01/39  | 1000000 | 1191961 |
| GO (Build America Bonds) Series 2009 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 10/01/39  | 800000 | 924271 |
| GO (Build America Bonds) Series 2009 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 11/01/39  | 615000 | 711876 |
| GO Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/01/35  | 55000 | 56377 |
| GO Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/01/38 *(a)* | 150000 | 150427 |
| GO Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.60%, 11/01/40  | 600000 | 721522 |
| GO Bonds Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 03/01/40  | 100000 | 119557 |
| GO Bonds Series 2021A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 02/01/28  | 100000 | 96127 |
| GO Bonds Series 2023 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/01/33  | 100000 | 109033 |
| GO Bonds Series 2023 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/43 *(a)* | 200000 | 198455 |
| GO Bonds Series 2024 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/01/29  | 150000 | 155768 |
| GO Bonds Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 04/01/29  | 200000 | 194885 |
| **State of Connecticut** |  |  |
| GO Bonds Series 2008A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/15/32  | 400000 | 426071 |
| **State of Illinois** |  |  |
| GO (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 02/01/35  | 103846 | 108934 |
| GO (Build America Bonds) Series 2010 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 07/01/35  | 178571 | 192269 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds (Pension Funding) <br> Series 2003<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/01/33  | 2107206 | 2144459 |
| **State of Mississippi** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds (Build America Bonds) <br> Series F<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/01/34  | 75000 | 76702 |
| **State of Oregon** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds (Pension Funding) <br> Series 2003<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.89%, 06/01/27  | 165569 | 167590 |
| **State of Texas** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Mobility Fund Bonds (Build America <br> Bonds) Series 2009A<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 04/01/39  | 468655 | 481818 |

---

**86**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **State of Wisconsin** |  |  |
| RB Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/01/36 *(a)* | 200000 | 188784 |
| **State Public School Building Authority** |  |  |
| RB Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/27  | 10000 | 10122 |
| **Texas** |  |  |
| GO (Build America Bonds) Series 2010A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 04/01/40  | 200000 | 194916 |
| **Texas Department of Transportation State** <br> **Highway Fund**<br>|  |  |
| RB (Build America Bonds) Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 04/01/30  | 255000 | 259690 |
| **Texas Natural Gas Securitization Finance Corp.** |  |  |
| RB 2023 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/01/35 *(a)* | 251192 | 257838 |
| RB Series 2023 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 04/01/41 *(a)* | 750000 | 762576 |
| **Texas Private Activity Bond Surface** <br> **Transportation Corp.**<br>|  |  |
| RB Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 12/31/49  | 430000 | 343518 |
| **United Nations Development Corp.** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.54%, 08/01/55 *(a)* | 100000 | 105655 |
| **University of California** |  |  |
| RB Series 2015AQ |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.77%, 05/15/15  | 300000 | 242190 |
| RB Series 2019 BD |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 07/01/29  | 200000 | 195843 |
| RB Series 2020 BG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.32%, 05/15/27 *(a)* | 100000 | 97183 |
| RB Series AD |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 05/15/12  | 400000 | 329017 |
| RB Series BG |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.61%, 05/15/30 *(a)* | 250000 | 226982 |
| RB Series BJ |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.07%, 05/15/51 *(a)* | 250000 | 162758 |
| **University of Michigan** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.56%, 04/01/50 *(a)* | 300000 | 185854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 04/01/22 *(a)* | 355000 | 273548 |
| RB Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/01/47  | 130000 | 107766 |
| Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.44%, 04/01/40 *(a)* | 430000 | 323187 |
| **University of Minnesota** |  |  |
| RB Series 2022 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 04/01/52  | 135000 | 107993 |
| **University of Pittsburgh-of the Commonwealth** <br> **System of Higher Education**<br>|  |  |
| RB Series 2019A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.56%, 09/15/19 *(a)* | 250000 | 154468 |
| **University of Virginia** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; General Revenue Pledge and Refunding <br> Bonds, Series 2020<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.26%, 09/01/50 *(a)* | 400000 | 232046 |
| Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.58%, 11/01/51 *(a)* | 325000 | 196802 |
| Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 09/01/17 *(a)* | 150000 | 109129 |
|  |  | **42673447** |
|  |  | **70452121** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Sovereign 1.1%** | **Sovereign 1.1%** | **Sovereign 1.1%** |
| ***Canada 0.0%***  | ***Canada 0.0%***  | ***Canada 0.0%***  |
| **Canada Government International Bonds** | **Canada Government International Bonds** | **Canada Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/26/28  | 1790000 | 1788031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/30/29  | 1000000 | 1022690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/18/30  | 500000 | 502210 |
|  |  | **3312931** |
| ***Chile 0.1%***  | ***Chile 0.1%***  | ***Chile 0.1%***  |
| **Chile Government International Bonds** | **Chile Government International Bonds** | **Chile Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.24%, 02/06/28 *(a)* | 835000 | 819143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/22/29 *(a)* | 200000 | 202506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/31/31 *(a)* | 375000 | 342671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/13/31 *(a)* | 200000 | 196286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 01/27/32 *(a)* | 600000 | 531288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 07/27/33 *(a)* | 870000 | 742945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/31/34 *(a)* | 620000 | 559885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/05/36 *(a)* | 650843 | 643755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/13/37 *(a)* | 500000 | 519280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/07/41 *(a)* | 1000000 | 756870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/30/42  | 370000 | 295719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.86%, 06/21/47  | 375000 | 293246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/25/50 *(a)* | 750000 | 537757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/52 *(a)* | 300000 | 233070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 01/05/54 *(a)(c)* | 460000 | 434185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/22/61 *(a)* | 620000 | 383148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 09/21/71 *(a)* | 450000 | 277970 |
|  |  | **7769724** |
| ***Hungary 0.0%***  | ***Hungary 0.0%***  | ***Hungary 0.0%***  |
| **Hungary Government International Bonds** | **Hungary Government International Bonds** | **Hungary Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 03/29/41  | 500000 | **566450** |
| ***Indonesia 0.1%***  | ***Indonesia 0.1%***  | ***Indonesia 0.1%***  |
| **Indonesia Government International Bonds** | **Indonesia Government International Bonds** | **Indonesia Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/11/28  | 430000 | 423541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/11/28 *(a)* | 300000 | 300660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/24/28  | 300000 | 297963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/11/29  | 400000 | 402004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/10/29 *(a)* | 300000 | 297996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 09/18/29  | 375000 | 360484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/30 *(a)* | 200000 | 202866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 02/14/30  | 405000 | 376411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 10/15/30  | 695000 | 666825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 02/21/31 *(a)* | 400000 | 390500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 03/12/31  | 475000 | 412153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 07/28/31 *(a)* | 270000 | 235345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/31/32 *(a)* | 440000 | 407405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/20/32 *(a)* | 325000 | 318454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/11/33 *(a)* | 420000 | 412730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/10/34 *(a)* | 240000 | 232051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/10/34 *(a)* | 300000 | 289041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 01/15/35 *(a)* | 350000 | 355834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/21/36 *(a)* | 350000 | 337351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/16/36 *(a)* | 405000 | 386791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/11/48  | 700000 | 566839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/11/49  | 300000 | 283659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 10/30/49  | 550000 | 394240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/14/50  | 350000 | 241920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/15/50  | 600000 | 464928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 03/12/51  | 605000 | 379371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/31/52 *(a)* | 200000 | 157130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/11/53 *(a)* | 245000 | 235754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/10/54 *(a)* | 285000 | 258629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/10/54 *(a)* | 200000 | 180466 |

---

**87**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 09/23/61 *(a)* | 220000 | 132297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 04/15/70  | 275000 | 210546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 03/12/71  | 365000 | 220201 |
|  |  | **10832385** |
| ***Israel 0.1%***  | ***Israel 0.1%***  | ***Israel 0.1%***  |
| **Israel Government International Bonds** | **Israel Government International Bonds** | **Israel Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/17/28  | 350000 | 341079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/12/29  | 710000 | 720274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/19/30  | 870000 | 883563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 07/03/30  | 615000 | 563568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/13/31  | 800000 | 784144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/17/33  | 405000 | 389326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/12/34  | 975000 | 988045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/19/35  | 675000 | 686178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/13/36  | 490000 | 472384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/30/43  | 625000 | 529025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/17/48  | 240000 | 180833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/03/50  | 620000 | 435668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/12/54  | 1030000 | 957529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/13/56  | 550000 | 518749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/03/20  | 430000 | 306199 |
| **State of Israel** | **State of Israel** | **State of Israel** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/15/30  | 320000 | 293734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 01/15/50  | 735000 | 474825 |
|  |  | **9525123** |
| ***Italy 0.0%***  | ***Italy 0.0%***  | ***Italy 0.0%***  |
| **Republic of Italy Government International Bonds** | **Republic of Italy Government International Bonds** | **Republic of Italy Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/17/29  | 700000 | 670355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/15/33  | 504000 | 528031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/17/49  | 750000 | 573622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/06/51  | 765000 | 561281 |
|  |  | **2333289** |
| ***Mexico 0.3%***  | ***Mexico 0.3%***  | ***Mexico 0.3%***  |
| **Mexico Government International Bonds** | **Mexico Government International Bonds** | **Mexico Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/11/28  | 660000 | 651499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/09/28 *(a)* | 500000 | 507265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/22/29  | 980000 | 974639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/16/30 *(a)* | 815000 | 762310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/13/30 *(a)* | 500000 | 516590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/22/31 *(a)* | 250000 | 244248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.66%, 05/24/31 *(a)* | 1100000 | 972499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.30%, 08/15/31  | 565000 | 657180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/27/32 *(a)* | 760000 | 731386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 07/02/32 *(a)* | 1000000 | 1011860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/22/33 *(a)* | 1185000 | 1157472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/08/33  | 455000 | 514455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/19/33 *(a)* | 550000 | 521433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/09/34 *(a)* | 1000000 | 980740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/12/34 *(a)* | 905000 | 768707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 09/27/34  | 750000 | 796973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 02/09/35 *(a)* | 1025000 | 1048452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/22/35 *(a)* | 550000 | 531960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/07/36 *(a)* | 910000 | 904658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/13/37 *(a)* | 1200000 | 1256064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/29/38 *(a)* | 810000 | 825665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/09/38 *(a)* | 1200000 | 1171764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 01/11/40  | 850000 | 826226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 08/14/41 *(a)* | 955000 | 747822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/08/44  | 1225000 | 982474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 01/21/45  | 850000 | 763088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/23/46  | 925000 | 708615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/15/47  | 525000 | 383964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/10/48  | 600000 | 450720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/31/50 *(a)* | 725000 | 532491 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/27/51 *(a)* | 940000 | 733999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/12/52 *(a)* | 700000 | 495817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 05/04/53 *(a)* | 620000 | 576674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 05/07/54 *(a)* | 925000 | 864043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 05/13/55 *(a)* | 800000 | 840544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/09/56 *(a)* | 600000 | 581550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 05/24/61 *(a)* | 1175000 | 701087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/12/10  | 830000 | 673686 |
|  |  | **28370619** |
| ***Panama 0.1%***  | ***Panama 0.1%***  | ***Panama 0.1%***  |
| **Panama Government International Bonds** | **Panama Government International Bonds** | **Panama Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 09/30/27  | 325000 | 345293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/17/28 *(a)* | 645000 | 634873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.38%, 04/01/29  | 275000 | 309617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.16%, 01/23/30 *(a)* | 530000 | 496361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 03/01/31 *(a)* | 200000 | 219776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 09/29/32 *(a)* | 850000 | 699235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 01/19/33 *(a)* | 300000 | 261072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 02/14/35 *(a)* | 600000 | 624114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 01/26/36  | 670000 | 706910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 01/31/36 *(a)* | 310000 | 329825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 03/01/38 *(a)* | 200000 | 229468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/47 *(a)* | 500000 | 394110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/16/50 *(a)* | 800000 | 608184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 04/29/53  | 700000 | 510370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 03/28/54 *(a)* | 450000 | 464270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/56 *(a)* | 800000 | 591608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 03/01/57 *(a)* | 200000 | 232210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.87%, 07/23/60 *(a)* | 1045000 | 681413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/19/63 *(a)* | 475000 | 347990 |
|  |  | **8686699** |
| ***Peru 0.1%***  | ***Peru 0.1%***  | ***Peru 0.1%***  |
| **Peru Government International Bonds** | **Peru Government International Bonds** | **Peru Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/25/27  | 275000 | 275072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.84%, 06/20/30  | 200000 | 186150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.78%, 01/23/31 *(a)* | 920000 | 840659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.86%, 12/01/32 *(a)* | 375000 | 308779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 11/21/33  | 725000 | 878120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/34 *(a)* | 755000 | 645585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/08/35 *(a)* | 400000 | 399296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/30/36 *(a)* | 548000 | 547353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 03/14/37  | 400000 | 432736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 03/11/41 *(a)* | 375000 | 283185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 11/18/50  | 800000 | 762208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/10/51 *(a)* | 575000 | 390287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 08/08/54 *(a)* | 525000 | 505370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 06/30/55 *(a)* | 420000 | 422335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.78%, 12/01/60 *(a)* | 630000 | 333472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 01/15/72 *(a)* | 345000 | 212679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.23%, 07/28/21 *(a)* | 300000 | 160605 |
|  |  | **7583891** |
| ***Philippines 0.1%***  | ***Philippines 0.1%***  | ***Philippines 0.1%***  |
| **Philippines Government International Bonds** | **Philippines Government International Bonds** | **Philippines Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/01/28  | 650000 | 633672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/17/28  | 285000 | 286089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/14/29  | 525000 | 515492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.50%, 02/02/30  | 625000 | 733500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.46%, 05/05/30  | 350000 | 321688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 01/14/31  | 550000 | 617919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 06/10/31  | 535000 | 458779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 01/06/32  | 200000 | 171128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 01/15/32  | 350000 | 376040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.56%, 09/29/32  | 300000 | 277458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 04/13/33  | 260000 | 268284 |

---

**88**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/17/33  | 425000 | 422454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/14/34  | 265000 | 265416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 10/23/34  | 450000 | 484762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/04/35  | 400000 | 405508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/05/35  | 465000 | 447456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/27/36  | 500000 | 485950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/13/37  | 530000 | 512876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/20/40  | 555000 | 467188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/01/41  | 620000 | 497897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 02/02/42  | 650000 | 518147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 05/05/45  | 520000 | 348915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 12/10/45  | 590000 | 371505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 07/06/46  | 715000 | 490497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/29/47  | 100000 | 79941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 10/13/47  | 275000 | 278473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/17/48  | 470000 | 451562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 05/14/49  | 360000 | 347843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 09/05/49  | 275000 | 250740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 02/04/50  | 300000 | 300918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/27/51  | 300000 | 295710 |
|  |  | **12383807** |
| ***Poland 0.1%***  | ***Poland 0.1%***  | ***Poland 0.1%***  |
| **Republic of Poland Government International Bonds** | **Republic of Poland Government International Bonds** | **Republic of Poland Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/16/27 *(a)* | 790000 | 805808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/18/29 *(a)* | 500000 | 506235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/12/30  | 500000 | 510540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/16/32 *(a)* | 600000 | 631170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 10/04/33 *(a)* | 975000 | 974552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/18/34 *(a)* | 840000 | 844654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/12/35 *(a)* | 900000 | 915354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/04/53 *(a)* | 805000 | 741300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/18/54 *(a)* | 1080000 | 996127 |
|  |  | **6925740** |
| ***Republic of Korea 0.0%***  | ***Republic of Korea 0.0%***  | ***Republic of Korea 0.0%***  |
| **Korea International Bonds** | **Korea International Bonds** | **Korea International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/20/28  | 235000 | 232185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/12/29  | 400000 | 396536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 06/19/29  | 475000 | 453245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 09/16/30  | 470000 | 412120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/29/30  | 300000 | 294723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/12/31  | 650000 | 643623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/10/44  | 300000 | 270645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/20/48  | 200000 | 168822 |
|  |  | **2871899** |
| ***Uruguay 0.1%***  | ***Uruguay 0.1%***  | ***Uruguay 0.1%***  |
| **Oriental Republic of Uruguay** | **Oriental Republic of Uruguay** | **Oriental Republic of Uruguay** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/10/60 *(a)* | 400000 | 363368 |
| **Uruguay Government International Bonds** | **Uruguay Government International Bonds** | **Uruguay Government International Bonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/27/27  | 473333 | 475321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/23/31 *(a)* | 795000 | 795167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/28/34 *(a)* | 470000 | 491742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.63%, 03/21/36  | 425000 | 500374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 02/14/37 *(a)* | 640000 | 654323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/20/45  | 390000 | 331672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/18/50  | 1250000 | 1145925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 04/20/55  | 850000 | 751647 |
|  |  | **5509539** |
|  |  | **106672096** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Supranational\* 1.2%** | **Supranational\* 1.2%** | **Supranational\* 1.2%** |
| **African Development Bank** | **African Development Bank** | **African Development Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/03/27  | 700000 | 705656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/14/28  | 675000 | 681709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/12/28  | 805000 | 805539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/18/29  | 605000 | 597208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/18/30  | 175000 | 175459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/03/31  | 650000 | 639620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/07/34 *(a)(b)(j)* | 200000 | 195280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 05/07/35 *(a)(b)(j)* | 225000 | 219812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/12/35  | 410000 | 414908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/22/36  | 310000 | 303878 |
| **Asian Development Bank** | **Asian Development Bank** | **Asian Development Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/20/27  | 700000 | 693420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 11/02/27  | 988000 | 968191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/14/28  | 1630000 | 1645615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/19/28  | 690000 | 677332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/25/28  | 1000000 | 998700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 06/09/28  | 300000 | 283974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 06/16/28  | 675000 | 701041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/25/28  | 1240000 | 1259146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 09/26/28  | 105000 | 103286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/26/28 *(a)* | 360000 | 361523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/06/29  | 1455000 | 1476359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 03/15/29  | 550000 | 520020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/12/29 *(a)* | 160000 | 160053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 08/28/29  | 510000 | 506068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/19/29  | 1125000 | 1048309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 01/24/30  | 1000000 | 929280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/12/30 *(a)* | 280000 | 281621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/30/30  | 915000 | 922457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/28/30  | 880000 | 873418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 10/08/30  | 835000 | 725598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 03/04/31  | 535000 | 476460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/27/32  | 210000 | 199208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/28/32  | 600000 | 591492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/12/33  | 400000 | 396504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/14/33  | 425000 | 417002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/12/34  | 650000 | 645599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/22/35  | 505000 | 508272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/14/36  | 1300000 | 1291654 |
| **Asian Infrastructure Investment Bank** | **Asian Infrastructure Investment Bank** | **Asian Infrastructure Investment Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/14/27  | 675000 | 674217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/18/28  | 645000 | 646916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/15/28  | 640000 | 637056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/18/29  | 765000 | 770768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/16/30  | 610000 | 622786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/13/34  | 350000 | 350214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/21/35  | 455000 | 461757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/14/36  | 385000 | 378971 |
| **Corp. Andina de Fomento** | **Corp. Andina de Fomento** | **Corp. Andina de Fomento** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/26/27  | 645000 | 658306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/24/29  | 860000 | 880313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/22/30  | 500000 | 513630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/36  | 870000 | 860778 |
| **Council of Europe Development Bank** | **Council of Europe Development Bank** | **Council of Europe Development Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/11/27  | 350000 | 353073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 01/26/28  | 500000 | 498040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/24/29  | 620000 | 624470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/30  | 450000 | 458991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/14/31  | 310000 | 307043 |
| **European Bank for Reconstruction & Development** | **European Bank for Reconstruction & Development** | **European Bank for Reconstruction & Development** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/09/28  | 1050000 | 1060626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/25/29  | 985000 | 992023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/13/34  | 605000 | 604927 |

---

**89**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **European Investment Bank** | **European Investment Bank** | **European Investment Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/24/27  | 667000 | 656081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 10/21/27  | 330000 | 314289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/15/27  | 1470000 | 1456917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/15/28  | 1380000 | 1381546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/15/28  | 1050000 | 1051396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/16/28  | 1075000 | 1092533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/15/29  | 1500000 | 1506645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 03/15/29  | 1075000 | 1012843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/29  | 1590000 | 1632787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 10/09/29  | 365000 | 338286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/15/29  | 1000000 | 995780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/14/30  | 1765000 | 1804077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 05/17/30  | 355000 | 314445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 07/15/30  | 1200000 | 1185996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 09/23/30  | 555000 | 483216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/15/30  | 1180000 | 1176920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 02/14/31  | 1240000 | 1092390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/13/31  | 2600000 | 2575456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 05/13/31  | 570000 | 508440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/10/31  | 1250000 | 1271912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/16/32  | 1805000 | 1819368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/14/33  | 2055000 | 2006749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/13/34  | 1120000 | 1112866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/12/35  | 900000 | 922635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/08/36  | 1000000 | 993130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/36  | 390000 | 406415 |
| **Inter-American Development Bank** | **Inter-American Development Bank** | **Inter-American Development Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 07/07/27  | 1305000 | 1281523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.63%, 09/16/27  | 775000 | 739985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/12/28  | 350000 | 351054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 07/20/28  | 1035000 | 973842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 09/18/28  | 1040000 | 1022965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/15/29  | 825000 | 831163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/18/29  | 1075000 | 1022776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/14/29  | 750000 | 740775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/30  | 1370000 | 1399551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/14/30  | 500000 | 496840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 01/13/31  | 730000 | 640524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/17/31  | 485000 | 475436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/12/33  | 985000 | 944763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/13/33  | 765000 | 779367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 07/17/34  | 770000 | 775991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 07/16/35  | 1325000 | 1329624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/23/36  | 930000 | 912116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/28/41  | 290000 | 257593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 08/07/42  | 125000 | 101011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/24/44  | 250000 | 232755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/11/54 *(a)* | 50000 | 47532 |
| **Inter-American Investment Corp.** | **Inter-American Investment Corp.** | **Inter-American Investment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/15/28  | 350000 | 351337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/19/28  | 150000 | 152951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 11/20/28  | 495000 | 491619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/14/29  | 335000 | 337935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/30  | 350000 | 353007 |
| **International Bank for Reconstruction & Development** | **International Bank for Reconstruction & Development** | **International Bank for Reconstruction & Development** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 06/15/27  | 1075000 | 1065862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 11/22/27  | 940000 | 920316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 11/24/27  | 2050000 | 1950472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 04/20/28  | 1685000 | 1604609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/05/28  | 1010000 | 1006091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/12/28  | 1680000 | 1668038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/01/28  | 1010000 | 1027917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 09/13/28  | 1125000 | 1054519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 04/24/29 *(a)* | 360000 | 360508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/21/29  | 815000 | 808504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/16/29  | 1850000 | 1849907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 10/23/29  | 1165000 | 1083170 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/14/30  | 1445000 | 1444205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/20/30  | 1550000 | 1562524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.88%, 05/14/30  | 1470000 | 1301773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/25/30  | 815000 | 817078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 08/26/30  | 1240000 | 1081478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/28/30  | 1700000 | 1668805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/10/31  | 1550000 | 1552914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 02/10/31  | 1470000 | 1295511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/10/31  | 950000 | 972762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 11/03/31  | 1590000 | 1400074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/32  | 2010000 | 2069516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/29/32  | 1000000 | 917730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/06/32  | 1620000 | 1614379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/14/33  | 1005000 | 1040185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/05/34 *(a)(c)* | 410000 | 412226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/28/34  | 1185000 | 1153029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/28/34 *(a)* | 50000 | 49296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 11/08/34 *(a)* | 260000 | 260034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/35  | 120000 | 123875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/27/35  | 1580000 | 1586652 |
| **International Finance Corp.** | **International Finance Corp.** | **International Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/21/28  | 500000 | 505800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/13/28  | 600000 | 608832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/22/29  | 620000 | 614488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 07/02/29  | 680000 | 687840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/02/30  | 620000 | 618562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 08/27/30  | 315000 | 274576 |
| **Nordic Investment Bank** | **Nordic Investment Bank** | **Nordic Investment Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 09/08/27  | 205000 | 203604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/14/28  | 700000 | 706993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/28/28  | 300000 | 299463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/28/29  | 500000 | 505360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/09/30  | 400000 | 396872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/23/31  | 310000 | 307049 |
|  |  | **125366127** |
| **Total Government Related**<br> **(Cost $430,266,922)** | **Total Government Related**<br> **(Cost $430,266,922)** | **409584452** |
| **SECURITIZED** 25.6% OF NET ASSETS | **SECURITIZED** 25.6% OF NET ASSETS | **SECURITIZED** 25.6% OF NET ASSETS |
| **Asset-Backed Securities 0.0%** | **Asset-Backed Securities 0.0%** | **Asset-Backed Securities 0.0%** |
| ***Credit Card 0.0%***  | ***Credit Card 0.0%***  | ***Credit Card 0.0%***  |
| **Capital One Multi-Asset Execution Trust** | **Capital One Multi-Asset Execution Trust** | **Capital One Multi-Asset Execution Trust** |
| Series 2019-A3, Class A3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.06%, 08/15/28 *(a)* | 2000000 | 1986241 |
| ***Electric 0.0%***  | ***Electric 0.0%***  | ***Electric 0.0%***  |
| **Duke Energy Carolinas SC Storm Funding LLC** | **Duke Energy Carolinas SC Storm Funding LLC** | **Duke Energy Carolinas SC Storm Funding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/01/46  | 170000 | 168594 |
| **PG&E Wildfire Recovery Funding LLC** | **PG&E Wildfire Recovery Funding LLC** | **PG&E Wildfire Recovery Funding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 06/01/32  | 86919 | 85497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.26%, 06/01/38  | 175000 | 168881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 12/01/49  | 400000 | 349796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.67%, 12/01/53  | 300000 | 261183 |
|  |  | **1033951** |
| ***Utilities 0.0%***  | ***Utilities 0.0%***  | ***Utilities 0.0%***  |
| **Duke Energy Florida Project Finance LLC** | **Duke Energy Florida Project Finance LLC** | **Duke Energy Florida Project Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54%, 09/01/31  | 187036 | 180087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.86%, 03/01/35  | 45000 | 41459 |
| **Duke Energy Progress NC Storm Funding LLC** | **Duke Energy Progress NC Storm Funding LLC** | **Duke Energy Progress NC Storm Funding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.39%, 07/01/39  | 205000 | 174960 |
| **PG&E Energy Recovery Funding LLC** | **PG&E Energy Recovery Funding LLC** | **PG&E Energy Recovery Funding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.82%, 07/15/48  | 100000 | 74169 |

---

**90**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **PG&E Wildfire Recovery Funding LLC** | **PG&E Wildfire Recovery Funding LLC** | **PG&E Wildfire Recovery Funding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/03/41  | 115000 | 107619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/01/54  | 315000 | 289384 |
|  |  | **867678** |
|  |  | **3887870** |
| **Commercial Mortgage-Backed Security 1.8%** | **Commercial Mortgage-Backed Security 1.8%** | **Commercial Mortgage-Backed Security 1.8%** |
| **Bank** | **Bank** | **Bank** |
| Series 2017-BNK7, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.44%, 09/15/60 *(a)* | 1000000 | 985084 |
| Series 2017-BNK8, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 11/15/50 *(a)* | 600000 | 586704 |
| Series 2017-BNK9, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 11/15/54 *(a)* | 990433 | 976791 |
| Series 2019-BN19, Class A3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.18%, 08/15/61 *(a)* | 800000 | 758455 |
| Series 2020-BN26, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/63 *(a)* | 3755000 | 3441116 |
| Series 2024-BNK47, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 06/15/57 *(a)* | 1750000 | 1833659 |
| Series 2025-BNK50, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 05/15/68 *(a)(k)* | 1600000 | 1674343 |
| Series 2025-BNK51, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 12/25/67 *(a)* | 1000000 | 1017010 |
| **BBCMS Mortgage Trust** | **BBCMS Mortgage Trust** | **BBCMS Mortgage Trust** |
| Series 2018-C2, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 12/15/51 *(a)* | 1150000 | 1140842 |
| Series 2022-C15, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.66%, 04/15/55 *(a)* | 3145000 | 2937937 |
| Series 2022-C18, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 12/15/55 *(a)(k)* | 1620000 | 1659082 |
| Series 2022-C18, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 12/15/55 *(a)(k)* | 2657000 | 2756631 |
| Series 2023-C20, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 07/15/56 *(a)* | 3642858 | 3785197 |
| Series 2023-C21, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/15/56 *(a)* | 5200000 | 5517308 |
| Series 2024-C26, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 05/15/57 *(a)* | 4500000 | 4752106 |
| Series 2024-C28, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 09/15/57 *(a)* | 2500000 | 2511509 |
| Series 2025-C32, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 02/15/62 *(a)* | 1035000 | 1060573 |
| Series 2025-C32, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 02/15/62 *(a)* | 1000000 | 1047769 |
| **Benchmark Mortgage Trust** | **Benchmark Mortgage Trust** | **Benchmark Mortgage Trust** |
| Series 2019-B12, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.12%, 08/15/52 *(a)* | 1875000 | 1790307 |
| Series 2019-B13, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 08/15/57 *(a)* | 2600000 | 2454443 |
| Series 2019-B9, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 03/15/52 *(a)* | 2600000 | 2547227 |
| Series 2020-B16, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.73%, 02/15/53 *(a)* | 1073000 | 999567 |
| Series 2020-B18, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.93%, 07/15/53 *(a)* | 1845000 | 1638056 |
| Series 2025-V14, Class A3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 04/15/57 *(a)* | 2500000 | 2538420 |
| **BMO Mortgage Trust** | **BMO Mortgage Trust** | **BMO Mortgage Trust** |
| Series 2023-C5, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 06/15/56 *(a)* | 1600000 | 1646740 |
| Series 2024-C9, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.76%, 07/15/57 *(a)* | 8700000 | 9113477 |
| Series 2025-5C9, Class A3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 04/15/58 *(a)(k)* | 1100000 | 1139539 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CD Mortgage Trust** | **CD Mortgage Trust** | **CD Mortgage Trust** |
| Series 2017-CD3, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/10/50 *(a)* | 1715000 | 1683757 |
| **CFCRE Commercial Mortgage Trust** | **CFCRE Commercial Mortgage Trust** | **CFCRE Commercial Mortgage Trust** |
| Series 2016-C7, Class A3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.84%, 12/10/54 *(a)* | 3625000 | 3597979 |
| **Citigroup Commercial Mortgage Trust** | **Citigroup Commercial Mortgage Trust** | **Citigroup Commercial Mortgage Trust** |
| Series 2017-C4, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.47%, 10/12/50 *(a)* | 5600000 | 5537325 |
| Series 2017-P7, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.71%, 04/14/50 *(a)* | 500000 | 495899 |
| Series 2019-C7, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 12/15/72 *(a)* | 1235000 | 1170775 |
| **CSAIL Commercial Mortgage Trust** | **CSAIL Commercial Mortgage Trust** | **CSAIL Commercial Mortgage Trust** |
| Series 2019-C17, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.02%, 09/15/52 *(a)* | 2238000 | 2117145 |
| **CSMC Trust** | **CSMC Trust** | **CSMC Trust** |
| Series 2016-NXSR, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.79%, 12/15/49 *(a)(k)* | 89967 | 89641 |
| **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through** <br> **Certificates** | **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through** <br> **Certificates** | **Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through** <br> **Certificates** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.66%, 12/25/30 *(a)* | 3300000 | 2948243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/25/35 *(a)* | 1200000 | 1202136 |
| Series K058, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 08/25/26 *(a)* | 750000 | 745657 |
| Series K061, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 11/25/26 *(a)(k)* | 490607 | 488049 |
| Series K062, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.41%, 12/25/26 *(a)* | 254718 | 253348 |
| Series K064, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.22%, 03/25/27 *(a)* | 107000 | 106238 |
| Series K070, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 11/25/27 *(a)(k)* | 308000 | 304466 |
| Series K071, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.29%, 11/25/27 *(a)* | 4768000 | 4709265 |
| Series K072, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.44%, 12/25/27 *(a)* | 1500000 | 1484490 |
| Series K074, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 01/25/28 *(a)* | 8119967 | 8048375 |
| Series K078, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/25/28 *(a)* | 1183000 | 1176352 |
| Series K083, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/25/28 *(a)(k)* | 2100000 | 2096126 |
| Series K084, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.78%, 10/25/28 *(a)(k)* | 2000000 | 1983901 |
| Series K085, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 10/25/28 *(a)(k)* | 900000 | 898545 |
| Series K087, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 12/25/28 *(a)* | 2478325 | 2457234 |
| Series K088, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.69%, 01/25/29 *(a)* | 2600000 | 2571701 |
| Series K089, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.56%, 01/25/29 *(a)* | 2990000 | 2947409 |
| Series K091, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.51%, 03/25/29 *(a)* | 800000 | 787056 |
| Series K098, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.43%, 08/25/29 *(a)* | 500000 | 474413 |
| Series K100, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 09/25/29 *(a)* | 800000 | 763491 |
| Series K103, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 11/25/29 *(a)* | 2200000 | 2094233 |
| Series K112, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.31%, 05/25/30 *(a)* | 2000000 | 1789666 |
| Series K126, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.07%, 01/25/31 *(a)* | 1500000 | 1365443 |
| Series K130, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.72%, 06/25/31 *(a)* | 3500000 | 3104289 |

---

**91**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Series K131, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 07/25/31 *(a)* | 1000000 | 890833 |
| Series K132, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.02%, 08/25/31 *(a)* | 1000000 | 893247 |
| Series K144, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 04/25/32 *(a)* | 2060000 | 1858203 |
| Series K149, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.53%, 08/25/32 *(a)* | 3185000 | 3039063 |
| Series K150, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.71%, 09/25/32 *(a)* | 1600000 | 1540477 |
| Series K-1511, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.47%, 03/25/31 *(a)* | 500000 | 483600 |
| Series K-1512, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.99%, 05/25/31 *(a)* | 1425000 | 1347736 |
| Series K153, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 12/25/32 *(a)(k)* | 4200000 | 4062168 |
| Series K154, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.42%, 04/25/32 *(a)* | 1760000 | 1721607 |
| Series K155, Class A3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/25/33 *(a)* | 835000 | 801517 |
| Series K157, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.99%, 05/25/33 *(a)* | 1700000 | 1685218 |
| Series K157, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/25/33 *(a)* | 400000 | 394546 |
| Series K163, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/25/34 *(a)(k)* | 1500000 | 1549431 |
| Series K742, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.76%, 03/25/28 *(a)* | 700000 | 671312 |
| Series K755, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/25/31 *(a)* | 1000000 | 1039973 |
| **Federal National Mortgage Association-ACES** | **Federal National Mortgage Association-ACES** | **Federal National Mortgage Association-ACES** |
| Series 2016-M6, Class A2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.49%, 05/25/26 *(a)* | 1069963 | 1066228 |
| **GS Mortgage Securities Trust** | **GS Mortgage Securities Trust** | **GS Mortgage Securities Trust** |
| Series 2016-GS4, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.44%, 11/10/49 *(a)* | 365000 | 363477 |
| Series 2020-GC45, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.91%, 02/13/53 *(a)* | 3500000 | 3300085 |
| **Morgan Stanley Capital I Trust** | **Morgan Stanley Capital I Trust** | **Morgan Stanley Capital I Trust** |
| Series 2017-H1, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.26%, 06/15/50 *(a)* | 250000 | 247312 |
| Series 2017-HR2, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 12/15/50 *(a)* | 1300000 | 1279975 |
| Series 2020-HR8, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.04%, 07/15/53 *(a)* | 3000000 | 2708082 |
| **UBS Commercial Mortgage Trust** | **UBS Commercial Mortgage Trust** | **UBS Commercial Mortgage Trust** |
| Series 2017-C1, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 11/15/50 *(a)* | 1747000 | 1719452 |
| Series 2017-C3, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.43%, 08/15/50 *(a)* | 1550000 | 1525982 |
| Series 2017-C6, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.58%, 12/15/50 *(a)* | 1305000 | 1282843 |
| Series 2019-C18, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.04%, 12/15/52 *(a)* | 500000 | 471134 |
| **Wells Fargo Commercial Mortgage Trust** | **Wells Fargo Commercial Mortgage Trust** | **Wells Fargo Commercial Mortgage Trust** |
| Series 2016-NXS6, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 11/15/49 *(a)* | 150000 | 149204 |
| Series 2017-C40, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.58%, 10/15/50 *(a)* | 1551000 | 1531119 |
| Series 2017-C41, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.47%, 11/15/50 *(a)* | 2000000 | 1970445 |
| Series 2017-C42, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 12/15/50 *(a)* | 2400000 | 2364819 |
| Series 2018-C44, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 05/15/51 *(a)* | 1500000 | 1487865 |
| Series 2018-C47, Class A3 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 09/15/61 *(a)* | 1212067 | 1202203 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| Series 2019-C50, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.73%, 05/15/52 *(a)* | 1000000 | 972609 |
| Series 2019-C53, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.04%, 10/15/52 *(a)* | 4000000 | 3799681 |
| Series 2019-C54, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 12/15/52 *(a)* | 800000 | 760337 |
| Series 2020-C55, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.73%, 02/15/53 *(a)* | 750000 | 700949 |
| Series 2020-C56, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 06/15/53 *(a)* | 410000 | 378365 |
| Series 2020-C58, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.09%, 07/15/53 *(a)* | 3000000 | 2679922 |
| Series 2022-C62, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/55 *(a)(k)* | 1800000 | 1716097 |
| Series 2025-C64, Class A5 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/15/58 *(a)* | 1400000 | 1459647 |
| Series 2025-C65, Class A4 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/58 *(a)* | 1369000 | 1356994 |
|  |  | **180276296** |
| **Mortgage-Backed Securities Pass-Through 23.8%** | **Mortgage-Backed Securities Pass-Through 23.8%** | **Mortgage-Backed Securities Pass-Through 23.8%** |
| **Federal Home Loan Mortgage Corp.** | **Federal Home Loan Mortgage Corp.** | **Federal Home Loan Mortgage Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 09/01/36 to 10/01/36 *(a)* | 514382 | 449039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 08/01/35 to 04/01/52 *(a)* | 56689906 | 46795415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 01/01/28 to 04/01/52 *(a)* | 237089741 | 196573553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/01/27 to 05/01/52 *(a)* | 147301901 | 126566234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/01/26 to 06/01/53 *(a)* | 76601069 | 69314585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/01/28 to 02/01/53 *(a)* | 44298118 | 41492102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/26 to 10/01/52 *(a)* | 24624906 | 23726672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/01/34 to 03/01/56 *(a)* | 21088964 | 20772285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/33 to 03/01/56 *(a)* | 55001072 | 54735574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/32 to 03/01/56 *(a)* | 78374362 | 79244287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/01/33 to 10/01/55 *(a)* | 66450171 | 68299143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/01/33 to 10/01/55 *(a)* | 29149244 | 30375289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 12/01/53 to 12/01/55 *(a)* | 3730583 | 3938796 |
| **Federal National Mortgage Association** | **Federal National Mortgage Association** | **Federal National Mortgage Association** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 03/01/36 to 07/01/36 *(a)* | 992358 | 870934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 09/01/35 to 10/01/51 *(a)* | 46815854 | 39536555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/01/28 to 05/01/52 *(a)* | 259607981 | 216415926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/01/27 to 05/01/52 *(a)* | 181587119 | 156702043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 09/01/26 to 06/01/52 *(a)* | 98058473 | 89020255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/01/26 to 11/01/55 *(a)* | 66080661 | 62019138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/27 to 08/01/55 *(a)* | 50178631 | 48300219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/01/30 to 03/01/56 *(a)* | 28708170 | 28230168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/33 to 03/01/56 *(a)* | 68752606 | 68327454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/29 to 03/01/56 *(a)* | 93969834 | 95092372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/01/35 to 08/01/55 *(a)* | 79474422 | 81459671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/01/34 to 09/01/55 *(a)* | 28054496 | 29250477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 12/01/53 to 09/01/55 *(a)* | 7636170 | 8037974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 11/01/53 to 08/01/54 *(a)* | 849303 | 899020 |
| **Government National Mortgage Association** | **Government National Mortgage Association** | **Government National Mortgage Association** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 03/20/51 to 10/20/51 *(a)* | 1260797 | 995254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 04/20/36 to 04/20/52 *(a)* | 93687578 | 77401984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/20/27 to 06/20/52 *(a)* | 97034564 | 83579268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/20/27 to 06/20/52 *(a)* | 70011773 | 63158211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/20/32 to 11/20/55 *(a)* | 57575735 | 53848552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/39 to 12/20/55 *(a)* | 32191251 | 30708900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/20/39 to 12/20/55 *(a)* | 45751366 | 44613638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/20/33 to 02/20/56 *(a)* | 71158570 | 70795824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/20/33 to 02/20/56 *(a)* | 72782874 | 73589799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/15/36 to 01/20/56 *(a)* | 40204542 | 41023823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/20/52 to 09/20/55 *(a)* | 14869649 | 15474689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 01/20/53 to 12/20/54 *(a)* | 1963103 | 2040411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 12/20/53 *(a)* | 124169 | 128202 |
| **Government National Mortgage Association, TBA** | **Government National Mortgage Association, TBA** | **Government National Mortgage Association, TBA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/20/56 *(a)(l)* | 7000000 | 6552969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/20/56 *(a)(l)* | 3000000 | 2895901 |

---

**92**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Uniform Mortgage-Backed Security, TBA** | **Uniform Mortgage-Backed Security, TBA** | **Uniform Mortgage-Backed Security, TBA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 04/13/56 *(a)(l)* | 9000000 | 7915306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/13/56 *(a)(l)* | 12000000 | 11000598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/13/56 *(a)(l)* | 29000000 | 27359876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/13/56 *(a)(l)* | 36500000 | 35210546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/13/56 *(a)(l)* | 22000000 | 21693100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/13/56 *(a)(l)* | 6000000 | 6028440 |
|  |  | **2362460471** |
| **Total Securitized**<br> **(Cost $2,727,810,287)** | **Total Securitized**<br> **(Cost $2,727,810,287)** | **2546624637** |

---

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Short-Term Investments** 2.0% OF NET ASSETS | **Short-Term Investments** 2.0% OF NET ASSETS | **Short-Term Investments** 2.0% OF NET ASSETS |
| **Money Market Funds 2.0%** | **Money Market Funds 2.0%** | **Money Market Funds 2.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.60% *(m)*<br>| 192467011 | 192467011 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.60% *(m)(n)*<br>| 7144963 | 7144963 |
|  |  | **199611974** |
| **Total Short-Term Investments**<br> **(Cost $199,611,974)** | **Total Short-Term Investments**<br> **(Cost $199,611,974)** | **199611974** |
| **Total Investments in Securities**<br> **(Cost $10,495,536,877)** | **Total Investments in Securities**<br> **(Cost $10,495,536,877)** | **10063339969** |

---

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

\* Supranational bonds represent the debt of international organizations or institutions such as the World Bank, the International Monetary Fund, regional multilateral development banks and others. 

*(a)* The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). 

*(b)* Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security. 

*(c)* All or a portion of this security is on loan.

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

*(e)* Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $21,750,057 or 0.2% of net assets. 

*(f)* Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond. 

*(g)* Step up security that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. 

*(h)* Guaranteed by the Republic of Germany.

*(i)* Zero coupon bond. When a security is purchased with a zero coupon rate the effective yield at the time of purchase is shown. 

*(j)* Perpetual security. Maturity date represents the next call date.

*(k)* Fixed rate is determined by a formula set forth in the security's offering documents and is affected by the current WAC of the underlying loans. 

*(l)* Security or a portion of the security purchased on a delayed-delivery or when-issued basis. 

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

*(n)* Security purchased with cash collateral received for securities on loan. Securities on loan were valued at $6,740,737. 

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

---

| | |
|:---|:---|
| DAC — | Designated Activity Company |
| GO — | General obligation |
| RB — | Revenue bond |
| REIT — | Real Estate Investment Trust |
| TBA — | To-be-announced |
| WAC — | Weighted Average Coupon, which is the weighted average gross interest rate <br> of the securitized asset pool and is determined by the different speeds at <br> which the underlying mortgages are paid down.<br>|

---

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

Below is a summary of the fund's transactions with affiliated issuers during the period ended March 31, 2026:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| VALUE AT<br> 12/31/25<br>| PURCHASES | SALES | REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE IN<br> UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| ACCRETION OF<br> DISCOUNTS<br> (AMORTIZATION<br> OF PREMIUMS)<br>| VALUE AT<br> 3/31/26<br>| FACE AMOUNT<br> AT 3/31/26<br>| INTEREST<br> INCOME EARNED<br>|
| **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS | **CORPORATES** 0.1% OF NET ASSETS |
| **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** | **Financial Institutions 0.1%** |
| **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** | **Brokerage/Asset Managers/Exchanges 0.1%** |
| Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/02/27 | $163769 | $— | ($163576)<br>| ($3355)<br>| $3871 | ($709)<br>| $— | $— | $1320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 03/03/27 | 403928 |  | (403733)<br>| (3827)<br>| 2990 | 642 |  |  | 2511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 <sup>(a),(b)</sup> <br>| 218713 |  |  |  | 13 | (677)<br>| 218049 | 220000 | 1815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 01/25/28 <sup>(a),(b)</sup> <br>| 187447 |  |  |  | (93)<br>| (286)<br>| 187068 | 190000 | 1520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/20/28 <sup>(a),(b)</sup> <br>| 322396 |  |  |  | (754)<br>| (62)<br>| 321580 | 335000 | 1675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/29 <sup>(a),(b)</sup> <br>| 150575 |  |  |  | (399)<br>| (691)<br>| 149485 | 150000 | 1500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 05/19/29 <sup>(a),(b),(c)</sup> <br>| 337460 |  |  |  | (3440)<br>| (14)<br>| 334006 | 325000 | 4585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/22/29 <sup>(a),(b)</sup> <br>| 170522 |  |  |  | (87)<br>| (186)<br>| 170249 | 175000 | 1422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/01/29 <sup>(a),(b)</sup> <br>| 128723 | 9533 |  |  | (544)<br>| (143)<br>| 137569 | 145000 | 985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/17/29 <sup>(a),(b),(c)</sup> <br>| 370415 |  |  |  | (4049)<br>| (427)<br>| 365939 | 350000 | 5422 |

---

**93**

------

Schwab U.S. Aggregate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| VALUE AT<br> 12/31/25<br>| PURCHASES | SALES | REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE IN<br> UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| ACCRETION OF<br> DISCOUNTS<br> (AMORTIZATION<br> OF PREMIUMS)<br>| VALUE AT<br> 3/31/26<br>| FACE AMOUNT<br> AT 3/31/26<br>| INTEREST<br> INCOME EARNED<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/22/30 <sup>(a),(b)</sup> <br>| $153471 | $— | $— | $— | ($758)<br>| ($608)<br>| $152105 | $150000 | $1734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 03/11/31 <sup>(a),(b)</sup> <br>| 171241 | 21939 |  |  | (1683)<br>| 363 | 191860 | 220000 | 890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/13/31 <sup>(a),(b)</sup> <br>| 199340 |  |  |  | (1077)<br>| (26)<br>| 198237 | 220000 | 1265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 11/14/31 <sup>(a),(b),(c)</sup> <br>| 274659 | 34921 |  |  | (2777)<br>| (36)<br>| 306767 | 310000 | 3302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 12/01/31 <sup>(a),(b)</sup> <br>| 197161 |  |  |  | (950)<br>| 90 | 196301 | 225000 | 1097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/03/32 <sup>(a),(b)</sup> <br>| 242895 |  |  |  | (2741)<br>| 270 | 240424 | 265000 | 1921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/19/34 <sup>(a),(c),(d)</sup> <br>| 412493 |  |  |  | (7529)<br>| (171)<br>| 404793 | 385000 | 5635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 08/24/34 <sup>(a),(b),(c)</sup> <br>| 409096 | 49060 |  |  | (10500)<br>| (159)<br>| 447497 | 420000 | 6328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 11/14/36 <sup>(a),(b),(c)</sup> <br>| 248806 |  |  |  | (5567)<br>| (12)<br>| 243227 | 250000 | 3071 |
| **Total** | **$4763110** | **$115453** | **($567309)**<br>| **($7182)**<br>| **($36074)**<br>| **($2842)**<br>| **$4265156** |  | **$47998** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Issuer is affiliated with the fund's investment adviser.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The effective maturity may be shorter than the final maturity shown because of the
 possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).

&nbsp;&nbsp;&nbsp;&nbsp;(c) Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security.

&nbsp;&nbsp;&nbsp;&nbsp;(d) The effective maturity may be shorter than the final maturity shown because the security
 is subject to a put, demand or call feature.

&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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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** |  |  |  |  |
| Corporates <sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $2344508016 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $2344508016 |
| Treasuries <sup>1</sup> <br>|  | &nbsp;&nbsp;&nbsp; 4563010890 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 4563010890 |
| Government Related <sup>1</sup> <br>|  | &nbsp;&nbsp;&nbsp; 409584452 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 409584452 |
| Securitized <sup>1</sup> <br>|  | &nbsp;&nbsp;&nbsp; 2546624637 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2546624637 |
| Short-Term Investments <sup>1</sup> <br>| 199611974 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 199611974 |
| **Total** | **$199611974** | &nbsp;&nbsp; **$9863727995** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$10063339969** |

---

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

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

**94**

------

Schwab Strategic Trust

Schwab 1-5 Year Corporate Bond ETF

------

**Portfolio Holdings** as of March 31, 2026 (Unaudited)

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

All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. Generally, for fixed rate securities, the rate shown is the interest rate that was established when the security was issued and if the coupon rate is not available, the effective yield at the time of purchase is shown. In some cases, for securitized products, the fixed interest rate can change but remains index eligible as a fixed rate coupon. Variable rate securities are subject to index requirements and will be removed from the index and fund prior to converting from a fixed rate coupon to a variable rate coupon. The maturity date shown for all the securities is the final legal maturity.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CORPORATES** 98.9% OF NET ASSETS | **CORPORATES** 98.9% OF NET ASSETS | **CORPORATES** 98.9% OF NET ASSETS |
| **Financial Institutions 40.3%** | **Financial Institutions 40.3%** | **Financial Institutions 40.3%** |
| ***Banking 29.3%***  | ***Banking 29.3%***  | ***Banking 29.3%***  |
| **Ally Financial, Inc.** | **Ally Financial, Inc.** | **Ally Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/09/27 *(a)* | 200000 | 200380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 11/15/27 *(a)* | 195000 | 202221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 11/02/28 *(a)* | 225000 | 212000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 05/15/29 *(a)(b)* | 200000 | 203182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.99%, 06/13/29 *(a)(b)* | 185000 | 192702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 01/03/30 *(a)(b)* | 165000 | 172159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 01/17/31 *(a)(b)* | 115000 | 115883 |
| **American Express Co.** | **American Express Co.** | **American Express Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 05/03/27 *(a)* | 365000 | 361894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/05/27 *(a)* | 420000 | 430135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 07/26/28 *(a)(b)* | 260000 | 262314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.01%, 02/09/29 *(a)(b)* | 350000 | 347830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 04/25/29 *(a)(b)* | 390000 | 392683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/03/29 *(a)* | 240000 | 239258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 07/20/29 *(a)(b)* | 375000 | 374850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 07/27/29 *(a)(b)* | 355000 | 361394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 04/25/30 *(a)(b)* | 320000 | 329552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 01/30/31 *(a)(b)* | 375000 | 381694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 04/25/31 *(a)(b)* | 395000 | 401533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.49%, 10/30/31 *(a)(b)* | 260000 | 279425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 02/10/32 *(a)(b)* | 250000 | 247435 |
| **Associated Banc-Corp.** | **Associated Banc-Corp.** | **Associated Banc-Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.46%, 08/29/30 *(a)(b)* | 65000 | 66620 |
| **Australia & New Zealand Banking Group Ltd.** | **Australia & New Zealand Banking Group Ltd.** | **Australia & New Zealand Banking Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/16/27  | 265000 | 267618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 09/30/27  | 250000 | 249563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 12/08/28  | 250000 | 248558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 12/16/29  | 250000 | 253140 |
| **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 09/14/28 *(a)(b)* | 400000 | 409216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/03/29  | 200000 | 197722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/13/29  | 200000 | 205358 |
| **Banco Santander SA** | **Banco Santander SA** | **Banco Santander SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/11/27  | 200000 | 199772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 08/18/27  | 400000 | 404044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/23/28  | 200000 | 197584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/12/28  | 200000 | 199422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 07/15/28 *(a)(b)* | 400000 | 404392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 08/08/28  | 400000 | 409716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.61%, 11/07/28  | 200000 | 210354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.31%, 06/27/29  | 400000 | 385472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 01/17/30  | 200000 | 204996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 03/14/30 *(a)(b)* | 400000 | 409772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 05/28/30  | 200000 | 190570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/06/30  | 400000 | 394444 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 12/03/30  | 400000 | 359592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 03/25/31  | 200000 | 183306 |
| **Bank of America Corp.** | **Bank of America Corp.** | **Bank of America Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/21/27 *(a)* | 675000 | 666043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 11/25/27 *(a)* | 565000 | 563017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.71%, 04/24/28 *(a)(b)* | 500000 | 496190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/27/28 *(a)(b)* | 665000 | 664508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 07/21/28 *(a)(b)* | 550000 | 544274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/22/28 *(a)(b)* | 810000 | 815346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/10/28 *(a)(b)* | 515000 | 529219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.42%, 12/20/28 *(a)(b)* | 1395000 | 1370587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 01/24/29 *(a)(b)* | 540000 | 544892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 03/05/29 *(a)(b)* | 685000 | 679075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/25/29 *(a)(b)* | 935000 | 948567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 05/09/29 *(a)(b)* | 515000 | 517395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.09%, 06/14/29 *(a)(b)* | 710000 | 675309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.27%, 07/23/29 *(a)(b)* | 850000 | 846668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 09/15/29 *(a)(b)* | 670000 | 691259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 02/07/30 *(a)(b)* | 755000 | 744717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.19%, 07/23/30 *(a)(b)* | 670000 | 643099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/22/30 *(a)(b)* | 475000 | 449307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 01/24/31 *(a)(b)* | 665000 | 677655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/13/31 *(a)(b)* | 985000 | 910721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.59%, 04/29/31 *(a)(b)* | 645000 | 595954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 07/23/31 *(a)(b)* | 725000 | 646620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.92%, 10/24/31 *(a)(b)* | 625000 | 554075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 02/06/32 *(a)(b)* | 575000 | 567784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 03/11/32 *(a)(b)* | 450000 | 408222 |
| **Bank of Montreal** | **Bank of Montreal** | **Bank of Montreal** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 06/04/27  | 110000 | 111376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/14/27 *(a)* | 220000 | 221219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/01/28 *(a)* | 295000 | 299528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 09/22/28 *(a)(b)* | 160000 | 159251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 09/25/28 *(a)* | 275000 | 283360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/27/29 *(a)(b)* | 210000 | 211999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 03/19/30 *(a)(b)* | 310000 | 308503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.64%, 09/10/30 *(a)(b)* | 210000 | 210630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 09/22/31 *(a)(b)* | 300000 | 296139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 01/14/32 *(a)(b)* | 270000 | 266271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 12/15/32 *(a)(b)* | 255000 | 250958 |
| **Bank of New York Mellon** | **Bank of New York Mellon** | **Bank of New York Mellon** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 04/20/29 *(a)(b)* | 250000 | 251848 |
| **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/16/27 *(a)* | 130000 | 128943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/29/28 *(a)* | 155000 | 153131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/28/28  | 300000 | 298728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 06/09/28 *(a)(b)* | 190000 | 190317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.99%, 06/13/28 *(a)(b)* | 140000 | 139423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 07/14/28 *(a)* | 110000 | 104129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 07/21/28 *(a)(b)* | 80000 | 80622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 10/25/28 *(a)(b)* | 275000 | 281190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/30/28 *(a)* | 130000 | 125724 |

---

**95**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 01/25/29 *(a)* | 150000 | 140886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 02/01/29 *(a)(b)* | 150000 | 150755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/26/29 *(a)* | 120000 | 118993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 08/23/29 *(a)* | 215000 | 207191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.32%, 10/25/29 *(a)(b)* | 265000 | 277577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.03%, 01/22/30 *(a)(b)* | 310000 | 307083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 03/14/30 *(a)(b)* | 230000 | 233970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/26/30 *(a)(b)* | 155000 | 155884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/28/31 *(a)* | 120000 | 105824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 02/11/31 *(a)(b)* | 275000 | 278867 |
| **Bank of Nova Scotia** | **Bank of Nova Scotia** | **Bank of Nova Scotia** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/04/27  | 185000 | 187357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/12/28  | 180000 | 183634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/08/28 *(a)(b)* | 295000 | 294850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.04%, 09/15/28 *(a)(b)* | 180000 | 178992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 02/14/29 *(a)(b)* | 265000 | 267348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/01/29  | 165000 | 170237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/01/30  | 325000 | 329163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/02/30 *(a)(b)* | 330000 | 326954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/14/31 *(a)(b)* | 255000 | 259700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 09/15/31 *(a)(b)* | 250000 | 246860 |
| **BankUnited, Inc.** | **BankUnited, Inc.** | **BankUnited, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/11/30 *(a)* | 50000 | 49994 |
| **Barclays PLC** | **Barclays PLC** | **Barclays PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 01/10/28 *(a)* | 400000 | 398576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 05/09/28 *(a)* | 420000 | 420197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/09/28 *(a)(b)* | 365000 | 369303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 09/10/28 *(a)(b)* | 295000 | 296148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.39%, 11/02/28 *(a)(b)* | 350000 | 364700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 02/25/29 *(a)(b)* | 375000 | 378139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 05/16/29 *(a)(b)* | 495000 | 497950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.49%, 09/13/29 *(a)(b)* | 290000 | 302079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 11/11/29 *(a)(b)* | 300000 | 298383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.69%, 03/12/30 *(a)(b)* | 420000 | 431621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 05/24/30 *(a)(b)* | 250000 | 246350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 06/20/30 *(a)(b)* | 290000 | 291372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 09/10/30 *(a)(b)* | 460000 | 462590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 02/25/31 *(a)(b)* | 435000 | 442813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/24/31 *(a)(b)* | 300000 | 274971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.52%, 02/24/32 *(a)(b)* | 250000 | 244695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 03/10/32 *(a)(b)* | 220000 | 197340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.56%, 09/23/35 *(a)(b)* | 300000 | 279957 |
| **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/07/27 *(a)* | 225000 | 223367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 06/28/27  | 230000 | 232774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/28/28 *(a)* | 290000 | 293703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 09/08/28 *(a)(b)* | 180000 | 179656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.99%, 10/03/28 *(a)* | 165000 | 171168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 03/30/29 *(a)(b)* | 350000 | 352940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 04/08/29 *(a)* | 295000 | 301708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.28%, 01/29/30 *(a)(b)* | 390000 | 387418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/11/30 *(a)(b)* | 230000 | 230301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/13/31 *(a)(b)* | 235000 | 240222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 09/08/31 *(a)(b)* | 230000 | 229271 |
| **Capital One Financial Corp.** | **Capital One Financial Corp.** | **Capital One Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 05/11/27 *(a)* | 195000 | 193465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 01/31/28 *(a)* | 405000 | 400355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 05/10/28 *(a)(b)* | 515000 | 516730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 02/01/29 *(a)(b)* | 310000 | 314830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.31%, 06/08/29 *(a)(b)* | 475000 | 491345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 02/01/30 *(a)(b)* | 225000 | 230882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.27%, 03/01/30 *(a)(b)* | 275000 | 264825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/26/30 *(a)(b)* | 200000 | 202806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 07/26/30 *(a)(b)* | 205000 | 209451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 09/11/31 *(a)(b)* | 360000 | 353498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.62%, 10/30/31 *(a)(b)* | 475000 | 524851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.72%, 01/30/32 *(a)(b)* | 400000 | 394016 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Capital One NA** | **Capital One NA** | **Capital One NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/13/28 *(a)* | 250000 | 251130 |
| **Citibank NA** | **Citibank NA** | **Citibank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 05/29/27 *(a)* | 285000 | 286140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/29/28 *(a)* | 455000 | 472386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 08/06/29 *(a)* | 385000 | 390174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 05/29/30 *(a)* | 685000 | 696083 |
| **Citigroup, Inc.** | **Citigroup, Inc.** | **Citigroup, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/29/27  | 1045000 | 1045282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 01/15/28  | 145000 | 150874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.64%, 05/07/28 *(a)(b)* | 600000 | 600972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 05/24/28 *(a)(b)* | 440000 | 440964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 07/24/28 *(a)(b)* | 510000 | 504752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/25/28  | 565000 | 560457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 10/27/28 *(a)(b)* | 485000 | 477866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 03/04/29 *(a)(b)* | 635000 | 638429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 04/23/29 *(a)(b)* | 540000 | 535891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 02/13/30 *(a)(b)* | 785000 | 797277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.98%, 03/20/30 *(a)(b)* | 600000 | 590580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 09/19/30 *(a)(b)* | 715000 | 712826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.98%, 11/05/30 *(a)(b)* | 565000 | 533518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 01/29/31 *(a)(b)* | 610000 | 565891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.41%, 03/31/31 *(a)(b)* | 985000 | 973141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/07/31 *(a)(b)* | 500000 | 503475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57%, 06/03/31 *(a)(b)* | 880000 | 807294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/11/31 *(a)(b)* | 730000 | 721437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 11/19/34 *(a)(b)* | 280000 | 284052 |
| **Citizens Bank NA** | **Citizens Bank NA** | **Citizens Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 08/09/28 *(a)(b)* | 355000 | 355298 |
| **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.84%, 01/23/30 *(a)(b)* | 310000 | 319405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/06/30 *(a)* | 85000 | 78403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/30/30 *(a)* | 155000 | 146278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/05/31 *(a)(b)* | 260000 | 263081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/29/36 *(a)(b)* | 100000 | 99160 |
| **Commonwealth Bank of Australia** | **Commonwealth Bank of Australia** | **Commonwealth Bank of Australia** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 03/14/28  | 250000 | 251485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.36%, 03/27/29  | 270000 | 270880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/01/30  | 250000 | 247903 |
| **Cooperatieve Rabobank UA** | **Cooperatieve Rabobank UA** | **Cooperatieve Rabobank UA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/21/28  | 250000 | 253565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 04/01/29  | 250000 | 250325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 10/17/29  | 250000 | 251760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.16%, 01/14/31  | 250000 | 246385 |
| **Deutsche Bank AG** | **Deutsche Bank AG** | **Deutsche Bank AG** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 09/09/27  | 155000 | 157655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 01/10/29 *(a)(b)* | 220000 | 222644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.72%, 01/18/29 *(a)(b)* | 310000 | 321110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 05/10/29  | 270000 | 277250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.82%, 11/20/29 *(a)(b)* | 330000 | 346599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/11/30 *(a)(b)* | 280000 | 281257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/09/31 *(a)(b)* | 445000 | 449744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/08/31 *(a)(b)* | 250000 | 255205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/04/31 *(a)(b)* | 350000 | 348817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 09/18/31 *(a)(b)* | 400000 | 376232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 12/10/31 *(a)(b)* | 230000 | 226113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.73%, 01/14/32 *(a)(b)* | 290000 | 269459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 02/06/32 *(a)(b)* | 250000 | 246318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 12/01/32 *(a)(b)* | 225000 | 224109 |
| **Fifth Third Bancorp** | **Fifth Third Bancorp** | **Fifth Third Bancorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 05/05/27 *(a)* | 100000 | 98035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/14/28 *(a)* | 285000 | 283096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.06%, 04/25/28 *(a)(b)* | 250000 | 248678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.36%, 10/27/28 *(a)(b)* | 220000 | 226387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 07/27/29 *(a)(b)* | 240000 | 248887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.77%, 07/28/30 *(a)(b)* | 260000 | 260312 |

---

**96**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/06/30 *(a)(b)* | 130000 | 130558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/29/32 *(a)(b)* | 260000 | 268102 |
| **Fifth Third Financial Corp.** | **Fifth Third Financial Corp.** | **Fifth Third Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/29 *(a)* | 210000 | 207026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.98%, 01/30/30 *(a)(b)* | 215000 | 222149 |
| **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 03/12/31 *(a)(b)* | 140000 | 138824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 03/03/32 *(a)(b)* | 120000 | 116100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/05/35 *(a)(b)* | 135000 | 132046 |
| **First Horizon Corp.** | **First Horizon Corp.** | **First Horizon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 03/07/31 *(a)(b)* | 270000 | 273545 |
| **First-Citizens Bank & Trust Co.** | **First-Citizens Bank & Trust Co.** | **First-Citizens Bank & Trust Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/09/28  | 155000 | 158887 |
| **FNB Corp.** | **FNB Corp.** | **FNB Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 12/11/30 *(a)(b)* | 170000 | 171119 |
| **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 04/23/28 *(a)(b)* | 645000 | 648051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.69%, 06/05/28 *(a)(b)* | 585000 | 579729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 08/23/28 *(a)(b)* | 705000 | 704852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/21/29 *(a)(b)* | 935000 | 928997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.81%, 04/23/29 *(a)(b)* | 685000 | 675746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 05/01/29 *(a)(b)* | 910000 | 904949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/21/29 *(a)(b)* | 600000 | 594534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.48%, 10/24/29 *(a)(b)* | 580000 | 607086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 02/07/30 *(a)* | 490000 | 456009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/15/30 *(a)* | 630000 | 612669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 04/25/30 *(a)(b)* | 580000 | 598514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/23/30 *(a)(b)* | 645000 | 652856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 10/23/30 *(a)(b)* | 515000 | 515736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 01/28/31 *(a)(b)* | 540000 | 549142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 04/23/31 *(a)(b)* | 735000 | 747502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.37%, 10/21/31 *(a)(b)* | 725000 | 711239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.52%, 01/21/32 *(a)(b)* | 920000 | 906467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.99%, 01/27/32 *(a)(b)* | 640000 | 562483 |
| **HSBC Holdings PLC** | **HSBC Holdings PLC** | **HSBC Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 05/17/28 *(a)(b)* | 550000 | 556138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.76%, 06/09/28 *(a)(b)* | 575000 | 576230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 08/11/28 *(a)(b)* | 490000 | 494028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.01%, 09/22/28 *(a)(b)* | 480000 | 462998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.39%, 11/03/28 *(a)(b)* | 645000 | 672483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/19/28 *(a)(b)* | 300000 | 302427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/03/29 *(a)(b)* | 355000 | 356988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.16%, 03/09/29 *(a)(b)* | 450000 | 463117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.58%, 06/19/29 *(a)(b)* | 785000 | 784466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.21%, 08/17/29 *(a)(b)* | 480000 | 454291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/04/30 *(a)(b)* | 365000 | 373968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/10/30 *(a)(b)* | 490000 | 486300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/31/30  | 695000 | 703423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.97%, 05/22/30 *(a)(b)* | 680000 | 665734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 11/19/30 *(a)(b)* | 575000 | 585200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/03/31 *(a)(b)* | 410000 | 414502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 05/13/31 *(a)(b)* | 540000 | 547582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 06/04/31 *(a)(b)* | 345000 | 318942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.36%, 08/18/31 *(a)(b)* | 475000 | 428597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 11/06/31 *(a)(b)* | 600000 | 592224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 03/10/32 *(a)(b)* | 490000 | 483385 |
| **HSBC USA, Inc.** | **HSBC USA, Inc.** | **HSBC USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/03/28  | 230000 | 231447 |
| **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 08/04/28 *(a)(b)* | 185000 | 184961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.21%, 08/21/29 *(a)(b)* | 300000 | 311211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 02/04/30 *(a)* | 135000 | 125125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.27%, 01/15/31 *(a)(b)* | 305000 | 309712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.62%, 01/28/32 *(a)(b)* | 240000 | 236808 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Huntington National Bank** | **Huntington National Bank** | **Huntington National Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 04/12/28 *(a)(b)* | 250000 | 250903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/17/28 *(a)(b)* | 255000 | 255130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/10/30 *(a)* | 265000 | 274150 |
| **Independent Bank Corp.** | **Independent Bank Corp.** | **Independent Bank Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 04/01/35 *(a)(b)* | 50000 | 52625 |
| **ING Groep NV** | **ING Groep NV** | **ING Groep NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/02/28  | 265000 | 265466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 03/25/29 *(a)(b)* | 275000 | 276719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 04/09/29  | 320000 | 315949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 03/19/30 *(a)(b)* | 320000 | 326941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 03/25/31 *(a)(b)* | 160000 | 161429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/23/32 *(a)(b)* | 370000 | 367665 |
| **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 04/29/27  | 110000 | 114401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/01/27  | 440000 | 440299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 12/01/27 *(a)* | 340000 | 336127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 04/22/28 *(a)(b)* | 655000 | 663017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 04/26/28 *(a)(b)* | 735000 | 734824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 05/01/28 *(a)(b)* | 555000 | 549911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.18%, 06/01/28 *(a)(b)* | 455000 | 443529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 07/22/28 *(a)(b)* | 515000 | 518610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 07/25/28 *(a)(b)* | 815000 | 819222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.51%, 10/22/28 *(a)(b)* | 510000 | 510581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.51%, 01/23/29 *(a)(b)* | 550000 | 541299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 01/24/29 *(a)(b)* | 565000 | 570317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.01%, 04/23/29 *(a)(b)* | 630000 | 624796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.07%, 06/01/29 *(a)(b)* | 425000 | 404396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/23/29 *(a)(b)* | 655000 | 651280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 07/24/29 *(a)(b)* | 520000 | 529714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 10/23/29 *(a)(b)* | 555000 | 576917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 12/05/29 *(a)(b)* | 630000 | 630832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.01%, 01/23/30 *(a)(b)* | 625000 | 633894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 04/22/30 *(a)(b)* | 690000 | 711238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/06/30 *(a)(b)* | 620000 | 604940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 06/14/30 *(a)(b)* | 540000 | 540740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/22/30 *(a)(b)* | 635000 | 644277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 09/01/30  | 120000 | 139220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.74%, 10/15/30 *(a)(b)* | 915000 | 862049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 10/22/30 *(a)(b)* | 615000 | 616322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 01/24/31 *(a)(b)* | 615000 | 626199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 03/24/31 *(a)(b)* | 755000 | 751587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.52%, 04/22/31 *(a)(b)* | 655000 | 605331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/22/31 *(a)(b)* | 580000 | 590660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 05/13/31 *(a)(b)* | 745000 | 694891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.26%, 10/22/31 *(a)(b)* | 565000 | 556548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.76%, 11/19/31 *(a)(b)* | 330000 | 289674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/22/32 *(a)(b)* | 650000 | 641030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 02/04/32 *(a)(b)* | 725000 | 639189 |
| **Keybank National Association** | **Keybank National Association** | **Keybank National Association** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/15/27 *(a)* | 270000 | 275721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 02/01/28  | 260000 | 270481 |
| **KeyCorp** | **KeyCorp** | **KeyCorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/06/27  | 160000 | 156560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/30/28  | 150000 | 148956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 10/01/29  | 185000 | 172953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 04/04/31 *(a)(b)* | 160000 | 161518 |
| **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/22/28  | 365000 | 364525 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/16/28  | 290000 | 290464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 11/07/28 *(a)(b)* | 485000 | 478346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 11/26/28 *(a)(b)* | 395000 | 398670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 03/06/29 *(a)(b)* | 295000 | 302301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 06/13/29 *(a)(b)* | 375000 | 377366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 02/10/30 *(a)(b)* | 300000 | 296877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 06/05/30 *(a)(b)* | 330000 | 340874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 11/04/31 *(a)(b)* | 340000 | 335390 |

---

**97**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **M&T Bank Corp.** | **M&T Bank Corp.** | **M&T Bank Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/16/28 *(a)(b)* | 80000 | 79979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.83%, 01/16/29 *(a)(b)* | 145000 | 145721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.41%, 10/30/29 *(a)(b)* | 200000 | 213698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 07/08/31 *(a)(b)* | 180000 | 181906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.08%, 03/13/32 *(a)(b)* | 220000 | 230644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/30/35 *(a)(b)* | 250000 | 249428 |
| **Manufacturers & Traders Trust Co.** | **Manufacturers & Traders Trust Co.** | **Manufacturers & Traders Trust Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 08/17/27  | 255000 | 251392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/27/28 *(a)* | 225000 | 226251 |
| **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.29%, 07/25/27  | 200000 | 197756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.96%, 03/02/28  | 300000 | 297876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 04/19/28 *(a)(b)* | 240000 | 239100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 07/20/28 *(a)(b)* | 370000 | 372579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/11/28  | 280000 | 278205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 09/13/28 *(a)(b)* | 235000 | 237975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 02/22/29 *(a)(b)* | 335000 | 340340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.74%, 03/07/29  | 370000 | 364073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 04/19/29 *(a)(b)* | 210000 | 213198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 07/18/29  | 420000 | 402881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.56%, 02/25/30  | 300000 | 278013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 07/17/30  | 365000 | 328799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/16/31 *(a)(b)* | 310000 | 315214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 02/22/31 *(a)(b)* | 30000 | 30820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 04/24/31 *(a)(b)* | 320000 | 324867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.53%, 09/12/31 *(a)(b)* | 375000 | 371359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.51%, 01/14/32 *(a)(b)* | 280000 | 276069 |
| **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.17%, 09/11/27  | 260000 | 255902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 03/05/28  | 300000 | 298341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 09/13/28 *(a)(b)* | 210000 | 212953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 05/27/29 *(a)(b)* | 275000 | 281900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 07/06/29 *(a)(b)* | 300000 | 308244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/11/29 *(a)(b)* | 330000 | 327994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 05/26/30 *(a)(b)* | 210000 | 214622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 07/10/30 *(a)(b)* | 240000 | 245417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 07/16/30 *(a)(b)* | 170000 | 162304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 09/13/30 *(a)(b)* | 350000 | 330159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/13/31 *(a)(b)* | 190000 | 192369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 05/27/31 *(a)(b)* | 220000 | 227854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 07/08/31 *(a)(b)* | 215000 | 214705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 07/10/31 *(a)(b)* | 315000 | 283818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.98%, 09/08/31 *(a)(b)* | 225000 | 199872 |
| **Morgan Stanley** | **Morgan Stanley** | **Morgan Stanley** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/23/27  | 425000 | 422518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/13/28 *(a)(b)* | 340000 | 343930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 04/20/28 *(a)(b)* | 615000 | 613376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 07/22/28 *(a)(b)* | 660000 | 652298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 10/18/28 *(a)(b)* | 520000 | 533744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.77%, 01/24/29 *(a)(b)* | 700000 | 691222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 02/01/29 *(a)(b)* | 880000 | 890050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 04/12/29 *(a)(b)* | 605000 | 610651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 04/20/29 *(a)(b)* | 680000 | 687949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/20/29 *(a)(b)* | 530000 | 539879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 10/18/29 *(a)(b)* | 470000 | 464755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.41%, 11/01/29 *(a)(b)* | 430000 | 448722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 01/09/30 *(a)(b)* | 660000 | 653367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 01/16/30 *(a)(b)* | 635000 | 644131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 01/23/30 *(a)(b)* | 760000 | 756344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 04/18/30 *(a)(b)* | 605000 | 622605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 07/19/30 *(a)(b)* | 500000 | 506070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/18/30 *(a)(b)* | 775000 | 774659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 01/15/31 *(a)(b)* | 610000 | 619845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 01/22/31 *(a)(b)* | 925000 | 859649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.62%, 04/01/31 *(a)(b)* | 670000 | 642530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 04/17/31 *(a)(b)* | 635000 | 645071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.36%, 10/22/31 *(a)(b)* | 600000 | 588594 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 01/16/32 *(a)(b)* | 815000 | 802319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.79%, 02/13/32 *(a)(b)* | 650000 | 563764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 03/12/32 *(a)(b)* | 860000 | 854272 |
| **Morgan Stanley Bank NA** | **Morgan Stanley Bank NA** | **Morgan Stanley Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/26/28 *(a)(b)* | 600000 | 607002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 07/14/28 *(a)(b)* | 505000 | 508222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 01/12/29 *(a)(b)* | 470000 | 475198 |
| **Morgan Stanley Private Bank NA** | **Morgan Stanley Private Bank NA** | **Morgan Stanley Private Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 07/06/28 *(a)(b)* | 300000 | 300141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/17/28 *(a)(b)* | 640000 | 637914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.21%, 02/08/30 *(a)(b)* | 625000 | 618656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 07/18/31 *(a)(b)* | 800000 | 797984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 11/19/31 *(a)(b)* | 770000 | 758727 |
| **National Australia Bank Ltd.** | **National Australia Bank Ltd.** | **National Australia Bank Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.91%, 06/09/27  | 300000 | 299286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 06/11/27  | 290000 | 293312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/26/27  | 295000 | 296729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 01/12/28  | 340000 | 344916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.31%, 06/13/28  | 250000 | 250738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/13/28  | 250000 | 253908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 01/10/29  | 250000 | 254343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/14/30  | 250000 | 255168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.53%, 06/13/30  | 255000 | 256846 |
| **National Bank of Canada** | **National Bank of Canada** | **National Bank of Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 12/18/28  | 305000 | 314345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.17%, 01/20/29 *(a)(b)* | 320000 | 318275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/10/29  | 310000 | 310400 |
| **NatWest Group PLC** | **NatWest Group PLC** | **NatWest Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.07%, 05/22/28 *(a)(b)* | 225000 | 221436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 09/30/28 *(a)(b)* | 180000 | 182704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 05/18/29 *(a)(b)* | 425000 | 428030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 09/13/29 *(a)(b)* | 330000 | 339765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 01/27/30 *(a)(b)* | 415000 | 419677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/08/30 *(a)(b)* | 220000 | 218706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 08/15/30 *(a)(b)* | 335000 | 338283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 05/23/31 *(a)(b)* | 360000 | 363740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.48%, 06/01/34 *(a)(b)* | 300000 | 311289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 11/28/35 *(a)(b)* | 200000 | 182260 |
| **Northern Trust Corp.** | **Northern Trust Corp.** | **Northern Trust Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/10/27 *(a)* | 235000 | 234805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 08/03/28 *(a)* | 130000 | 129022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/03/29 *(a)* | 135000 | 130807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 05/01/30 *(a)* | 225000 | 204930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 11/19/30  | 110000 | 109185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 05/08/32 *(a)(b)* | 125000 | 123301 |
| **Old National Bancorp** | **Old National Bancorp** | **Old National Bancorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.77%, 02/15/36 *(a)(b)* | 100000 | 99674 |
| **Pinnacle Bank/Nashville TN** | **Pinnacle Bank/Nashville TN** | **Pinnacle Bank/Nashville TN** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/15/28 *(a)* | 250000 | 252910 |
| **Pinnacle Financial Partners, Inc.** | **Pinnacle Financial Partners, Inc.** | **Pinnacle Financial Partners, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.17%, 11/01/30 *(a)(b)* | 180000 | 183692 |
| **PNC Bank NA** | **PNC Bank NA** | **PNC Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 10/25/27 *(a)* | 260000 | 255819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/22/28 *(a)* | 250000 | 246340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.43%, 07/21/28 *(a)(b)* | 255000 | 254977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 07/26/28  | 310000 | 307260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 10/22/29  | 250000 | 235148 |
| **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/19/27 *(a)* | 205000 | 202597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/02/28 *(a)(b)* | 230000 | 233698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 01/26/29 *(a)(b)* | 325000 | 323336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/23/29 *(a)* | 385000 | 376422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 06/12/29 *(a)(b)* | 530000 | 543276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 01/22/30 *(a)* | 500000 | 466575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 05/14/30 *(a)(b)* | 370000 | 380608 |

---

**98**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.22%, 01/29/31 *(a)(b)* | 310000 | 316222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/13/31 *(a)(b)* | 205000 | 206265 |
| **Regions Financial Corp.** | **Regions Financial Corp.** | **Regions Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 08/12/28 *(a)* | 170000 | 159678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 06/06/30 *(a)(b)* | 145000 | 148908 |
| **Royal Bank of Canada** | **Royal Bank of Canada** | **Royal Bank of Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/04/27  | 255000 | 253518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.24%, 08/03/27  | 250000 | 250048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/01/27  | 295000 | 302815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/12/28  | 225000 | 227567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/01/28  | 285000 | 290629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.52%, 10/18/28 *(a)(b)* | 180000 | 180211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/03/28 *(a)(b)* | 150000 | 149021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 01/24/29 *(a)(b)* | 395000 | 398879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/01/29  | 305000 | 310371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/06/29 *(a)(b)* | 360000 | 360284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 08/02/30 *(a)(b)* | 325000 | 329339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/18/30 *(a)(b)* | 405000 | 406098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/04/31 *(a)(b)* | 455000 | 462325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 05/02/31 *(a)(b)* | 272000 | 275264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 08/06/31 *(a)(b)* | 245000 | 244870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.31%, 11/03/31 *(a)(b)* | 245000 | 241048 |
| **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/13/27 *(a)* | 300000 | 299469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/09/29 *(a)(b)* | 295000 | 304357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 03/20/29 *(a)(b)* | 185000 | 187579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.57%, 06/12/29 *(a)(b)* | 165000 | 170821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.17%, 01/09/30 *(a)(b)* | 245000 | 253144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 09/06/30 *(a)(b)* | 250000 | 252840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 03/20/31 *(a)(b)* | 140000 | 143632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.66%, 11/09/31 *(a)(b)* | 170000 | 187316 |
| **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 11/03/28 *(a)(b)* | 265000 | 261685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.53%, 01/10/29 *(a)(b)* | 285000 | 294040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 09/22/29 *(a)(b)* | 290000 | 287399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 09/11/30 *(a)(b)* | 270000 | 270491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.69%, 04/15/31 *(a)(b)* | 350000 | 359971 |
| **Simmons First National Corp.** | **Simmons First National Corp.** | **Simmons First National Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/01/35 *(a)(b)* | 70000 | 70121 |
| **Southstate Bank Corp.** | **Southstate Bank Corp.** | **Southstate Bank Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/13/35 *(a)(b)* | 100000 | 104485 |
| **State Street Bank & Trust Co.** | **State Street Bank & Trust Co.** | **State Street Bank & Trust Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 11/23/29  | 250000 | 253810 |
| **State Street Corp.** | **State Street Corp.** | **State Street Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 10/22/27 *(a)* | 100000 | 100345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 02/28/28 *(a)* | 435000 | 438223 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.54%, 04/24/28 *(a)(b)* | 150000 | 150320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 11/04/28 *(a)(b)* | 210000 | 214719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.53%, 02/20/29 *(a)(b)* | 215000 | 216260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 11/21/29 *(a)(b)* | 293000 | 303220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.14%, 12/03/29 *(a)(b)* | 145000 | 144450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 01/24/30  | 180000 | 168687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 02/28/30 *(a)* | 100000 | 101249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.83%, 04/24/30 *(a)* | 150000 | 152438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 03/03/31  | 190000 | 170063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 03/30/31 *(a)(b)* | 200000 | 190634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.03%, 11/01/34 *(a)(b)* | 165000 | 155579 |
| **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.36%, 07/12/27  | 350000 | 346322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 10/18/27  | 225000 | 222057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 01/13/28  | 455000 | 464077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 01/17/28  | 240000 | 236698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 07/13/28  | 220000 | 226703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.94%, 07/19/28  | 115000 | 114040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 09/14/28  | 275000 | 282876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 09/17/28  | 510000 | 479757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.31%, 10/16/28  | 200000 | 199410 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 01/15/29  | 200000 | 198080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 07/09/29  | 110000 | 112435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.04%, 07/16/29  | 460000 | 438127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 09/27/29  | 220000 | 206859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 01/13/30  | 355000 | 367986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/15/30  | 385000 | 359675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 04/15/30  | 215000 | 219599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 07/08/30  | 380000 | 342061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 07/13/30  | 200000 | 208422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.14%, 09/23/30  | 120000 | 107378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 07/08/31 *(a)(b)* | 255000 | 253720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 01/15/32 *(a)(b)* | 305000 | 300474 |
| **Synchrony Bank** | **Synchrony Bank** | **Synchrony Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/23/27 *(a)* | 250000 | 252845 |
| **Synchrony Financial** | **Synchrony Financial** | **Synchrony Financial** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/01/27 *(a)* | 250000 | 247180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/19/29 *(a)* | 150000 | 150473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 07/29/29 *(a)(b)* | 75000 | 74918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 08/02/30 *(a)(b)* | 230000 | 234080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/06/31 *(a)(b)* | 265000 | 264897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/25/32 *(a)(b)* | 100000 | 97138 |
| **Texas Capital Bancshares, Inc.** | **Texas Capital Bancshares, Inc.** | **Texas Capital Bancshares, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/27/32 *(a)(b)* | 100000 | 98690 |
| **Toronto-Dominion Bank** | **Toronto-Dominion Bank** | **Toronto-Dominion Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 04/05/27  | 145000 | 146102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 06/08/27  | 365000 | 364299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 09/15/27  | 335000 | 336916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 01/10/28  | 265000 | 268479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.91%, 01/13/28  | 350000 | 347616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 01/31/28  | 270000 | 272252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 06/02/28  | 150000 | 150563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 07/17/28  | 270000 | 276745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 10/13/28  | 245000 | 243662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 04/05/29  | 275000 | 279356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 12/17/29  | 320000 | 323962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 06/03/30  | 300000 | 302736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.41%, 01/13/31  | 220000 | 218337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/10/34 *(a)(b)* | 210000 | 210601 |
| **Truist Bank** | **Truist Bank** | **Truist Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 07/24/28 *(a)(b)* | 400000 | 400096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.14%, 01/27/29 *(a)(b)* | 250000 | 248848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.14%, 10/23/29 *(a)(b)* | 345000 | 341823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/11/30 *(a)* | 225000 | 204662 |
| **Truist Financial Corp.** | **Truist Financial Corp.** | **Truist Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 08/03/27 *(a)* | 165000 | 158253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 06/06/28 *(a)(b)* | 150000 | 149433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 01/26/29 *(a)(b)* | 325000 | 327314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/19/29 *(a)* | 160000 | 157494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.89%, 06/07/29 *(a)(b)* | 240000 | 227208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.16%, 10/30/29 *(a)(b)* | 390000 | 414605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 01/24/30 *(a)(b)* | 415000 | 424707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 06/05/30 *(a)* | 195000 | 176286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 05/20/31 *(a)(b)* | 450000 | 455260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/27/32 *(a)(b)* | 310000 | 306767 |
| **U.S. Bancorp** | **U.S. Bancorp** | **U.S. Bancorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 04/27/27 *(a)* | 245000 | 242288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/26/28 *(a)* | 165000 | 163959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/22/28 *(a)(b)* | 560000 | 560706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 02/01/29 *(a)(b)* | 395000 | 396671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 06/12/29 *(a)(b)* | 405000 | 416648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/30/29 *(a)* | 215000 | 205331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/23/30 *(a)(b)* | 420000 | 429954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 07/22/30 *(a)* | 300000 | 263808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/23/30 *(a)(b)* | 265000 | 269744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/12/31 *(a)(b)* | 350000 | 355222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.08%, 05/15/31 *(a)(b)* | 295000 | 299263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 01/26/32 *(a)(b)* | 310000 | 306984 |

---

**99**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **U.S. Bank NA** | **U.S. Bank NA** | **U.S. Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 05/15/28 *(a)(b)* | 370000 | 371473 |
| **UBS AG** | **UBS AG** | **UBS AG** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/09/27  | 250000 | 252478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 02/15/28  | 280000 | 296528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/11/28  | 225000 | 232182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/16/29 *(a)(b)* | 320000 | 319622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/16/32 *(a)(b)* | 310000 | 309008 |
| **Webster Financial Corp.** | **Webster Financial Corp.** | **Webster Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/25/29 *(a)* | 105000 | 102968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 09/11/35 *(a)(b)* | 120000 | 121850 |
| **Wells Fargo & Co.** | **Wells Fargo & Co.** | **Wells Fargo & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/22/27  | 680000 | 679014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 04/22/28 *(a)(b)* | 815000 | 825636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.58%, 05/22/28 *(a)(b)* | 765000 | 757671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.39%, 06/02/28 *(a)(b)* | 825000 | 805340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 07/25/28 *(a)(b)* | 630000 | 632759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/24/29 *(a)* | 545000 | 541997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 04/23/29 *(a)(b)* | 640000 | 645747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 07/25/29 *(a)(b)* | 1015000 | 1038233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 09/15/29 *(a)(b)* | 320000 | 316598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 10/23/29 *(a)(b)* | 675000 | 703377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 11/15/29  | 90000 | 99807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.18%, 01/23/30 *(a)(b)* | 490000 | 485766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/23/30 *(a)(b)* | 725000 | 737035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/30/30 *(a)(b)* | 870000 | 821167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.24%, 01/24/31 *(a)(b)* | 745000 | 759483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57%, 02/11/31 *(a)(b)* | 755000 | 699009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 04/04/31 *(a)(b)* | 590000 | 585699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/23/31 *(a)(b)* | 960000 | 976531 |
| **Western Alliance Bank** | **Western Alliance Bank** | **Western Alliance Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.54%, 11/15/35 *(a)(b)* | 125000 | 122464 |
| **Westpac Banking Corp.** | **Westpac Banking Corp.** | **Westpac Banking Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.04%, 08/26/27  | 225000 | 224894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 11/18/27  | 325000 | 331828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/25/28  | 252000 | 249152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 11/17/28  | 305000 | 315501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 11/20/28  | 390000 | 368644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/16/29  | 150000 | 153573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/16/30  | 200000 | 188560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 07/01/30  | 225000 | 225041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.11%, 07/24/34 *(a)(b)* | 265000 | 258500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.67%, 11/15/35 *(a)(b)* | 400000 | 359328 |
| **Wintrust Financial Corp.** | **Wintrust Financial Corp.** | **Wintrust Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/06/29  | 75000 | 73531 |
| **Zions Bancorp NA** | **Zions Bancorp NA** | **Zions Bancorp NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 08/18/28 *(a)(b)* | 260000 | 259176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/29/29 *(a)* | 250000 | 231810 |
|  |  | **216099119** |
| ***Brokerage/Asset Managers/Exchanges 1.6%***  | ***Brokerage/Asset Managers/Exchanges 1.6%***  | ***Brokerage/Asset Managers/Exchanges 1.6%***  |
| **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/15/30 *(a)* | 90000 | 84594 |
| **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 12/15/28 *(a)* | 160000 | 165506 |
| **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/15/31 *(a)* | 130000 | 129184 |
| **ARES Management Corp.** | **ARES Management Corp.** | **ARES Management Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/10/28 *(a)* | 130000 | 135340 |
| **BGC Group, Inc.** | **BGC Group, Inc.** | **BGC Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 05/25/28 *(a)* | 75000 | 79092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 06/10/29 *(a)* | 115000 | 118586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 04/02/30 *(a)* | 175000 | 178148 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/26/27 *(a)* | 185000 | 186391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/14/29 *(a)* | 145000 | 147317 |
| **BlackRock, Inc.** | **BlackRock, Inc.** | **BlackRock, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/30/29 *(a)* | 210000 | 204538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 04/30/30 *(a)* | 310000 | 288542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 01/28/31 *(a)* | 270000 | 240943 |
| **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/03/30 *(a)* | 145000 | 142947 |
| **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/15/30 *(a)* | 150000 | 148724 |
| **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 01/25/28 *(a)* | 240000 | 237367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/29/29 *(a)* | 250000 | 251420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/15/30 *(a)* | 210000 | 206963 |
| **Cboe Global Markets, Inc.** | **Cboe Global Markets, Inc.** | **Cboe Global Markets, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 12/15/30 *(a)* | 135000 | 118654 |
| **Charles Schwab Corp.** | **Charles Schwab Corp.** | **Charles Schwab Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 *(a)(c)* | 180000 | 178403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 01/25/28 *(a)(c)* | 160000 | 157531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/20/28 *(a)(c)* | 285000 | 273583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/29 *(a)(c)* | 140000 | 139520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 05/19/29 *(a)(b)(c)* | 255000 | 262066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/22/29 *(a)(c)* | 135000 | 131335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/01/29 *(a)(c)* | 103000 | 97721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/17/29 *(a)(b)(c)* | 300000 | 313662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/22/30 *(a)(c)* | 120000 | 121684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 03/11/31 *(a)(c)* | 160000 | 139534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 11/14/31 *(a)(b)(c)* | 225000 | 222653 |
| **CME Group, Inc.** | **CME Group, Inc.** | **CME Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/15/28 *(a)* | 120000 | 119149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/30 *(a)* | 220000 | 220805 |
| **Eaton Vance Corp.** | **Eaton Vance Corp.** | **Eaton Vance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/06/27 *(a)* | 55000 | 54577 |
| **Franklin Resources, Inc.** | **Franklin Resources, Inc.** | **Franklin Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 10/30/30 *(a)* | 220000 | 194073 |
| **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 09/15/27 *(a)* | 120000 | 118056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/15/27 *(a)* | 390000 | 388588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/01/28 *(a)* | 245000 | 241421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/21/28 *(a)* | 150000 | 148266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/01/28 *(a)* | 155000 | 153681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/15/29 *(a)* | 310000 | 309578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 06/15/30 *(a)* | 310000 | 281982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/31 *(a)* | 160000 | 157835 |
| **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 06/08/27  | 75000 | 76492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/21/28 *(a)* | 250000 | 255432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/23/30  | 240000 | 231929 |
| **Lazard Group LLC** | **Lazard Group LLC** | **Lazard Group LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/19/28 *(a)* | 120000 | 119494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/11/29 *(a)* | 125000 | 123699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/15/31 *(a)* | 100000 | 104036 |
| **LPL Holdings, Inc.** | **LPL Holdings, Inc.** | **LPL Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/20/27 *(a)* | 110000 | 111113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/03/28 *(a)* | 100000 | 100419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 11/17/28 *(a)* | 210000 | 220107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/30 *(a)* | 170000 | 171442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/15/30 *(a)* | 140000 | 140721 |
| **Marex Group PLC** | **Marex Group PLC** | **Marex Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 05/08/28 *(a)* | 135000 | 136459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 11/04/29 *(a)* | 155000 | 159755 |
| **Nasdaq, Inc.** | **Nasdaq, Inc.** | **Nasdaq, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/28/28 *(a)* | 205000 | 209313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/15/31 *(a)* | 160000 | 140608 |

---

**100**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 07/02/27  | 200000 | 202550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 07/06/27  | 200000 | 202034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.07%, 07/12/28  | 230000 | 237128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.17%, 07/14/28  | 250000 | 236898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 07/06/29  | 200000 | 205614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/16/30  | 390000 | 367782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/01/30  | 250000 | 249927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.68%, 07/16/30  | 235000 | 215091 |
| **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 04/01/30 *(a)* | 115000 | 116117 |
| **Stifel Financial Corp.** | **Stifel Financial Corp.** | **Stifel Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/30 *(a)* | 100000 | 97233 |
|  |  | **11921352** |
| ***Finance Companies 2.7%***  | ***Finance Companies 2.7%***  | ***Finance Companies 2.7%***  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 04/15/27 *(a)* | 305000 | 310829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 07/21/27 *(a)* | 245000 | 242481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/27 *(a)* | 150000 | 150299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/23/28 *(a)* | 175000 | 173323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/28 *(a)* | 150000 | 151185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/06/28 *(a)* | 310000 | 317700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/29/28 *(a)* | 890000 | 857203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/19/29 *(a)* | 225000 | 228089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 02/28/29 *(a)* | 220000 | 217206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/10/29 *(a)* | 300000 | 299502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 09/30/30 *(a)* | 185000 | 194609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/30 *(a)* | 195000 | 191675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/10/55 *(a)(b)* | 170000 | 174214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/31/56 *(a)(b)* | 150000 | 150206 |
| **Air Lease Corp.** | **Air Lease Corp.** | **Air Lease Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/01/27 *(a)* | 100000 | 99122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 12/01/27 *(a)* | 170000 | 167518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 12/15/27 *(a)* | 150000 | 153100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/01/28 *(a)* | 150000 | 151719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 09/01/28 *(a)* | 140000 | 131713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/01/28 *(a)* | 175000 | 174237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/01/29 *(a)* | 100000 | 100803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/01/29 *(a)* | 125000 | 118696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/01/30 *(a)* | 175000 | 162790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 12/01/30 *(a)* | 180000 | 165775 |
| **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 12/08/28 *(a)(d)* | 90000 | 88928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 04/13/29 *(a)* | 265000 | 271230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 08/30/30 *(a)* | 135000 | 132959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 01/23/31 *(a)(d)* | 180000 | 176069 |
| **ARES Capital Corp.** | **ARES Capital Corp.** | **ARES Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 06/15/27 *(a)* | 150000 | 146187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 06/15/28 *(a)* | 295000 | 279235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/01/29 *(a)* | 275000 | 277065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 07/15/29 *(a)* | 220000 | 221322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/30 *(a)* | 165000 | 162129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/15/31 *(a)* | 160000 | 153939 |
| **ARES Strategic Income Fund** | **ARES Strategic Income Fund** | **ARES Strategic Income Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/28 *(a)* | 270000 | 269838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/09/28 *(a)(d)* | 150000 | 148496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/15/29 *(a)(d)* | 150000 | 145505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 08/15/29 *(a)* | 175000 | 175947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 02/15/30 *(a)* | 185000 | 180233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/09/30 *(a)(d)* | 125000 | 121738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/15/31 *(a)(d)* | 120000 | 113344 |
| **Bain Capital Specialty Finance, Inc.** | **Bain Capital Specialty Finance, Inc.** | **Bain Capital Specialty Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/30 *(a)* | 110000 | 106534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/01/31 *(a)* | 80000 | 76667 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Barings BDC, Inc.** | **Barings BDC, Inc.** | **Barings BDC, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/28 *(a)* | 85000 | 83136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/15/29 *(a)(e)* | 75000 | 75654 |
| **Barings Private Credit Corp.** | **Barings Private Credit Corp.** | **Barings Private Credit Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/06/29 *(a)(d)* | 50000 | 48909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 06/11/30 *(a)(d)* | 120000 | 116335 |
| **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/26/27 *(a)* | 130000 | 128573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 11/27/28 *(a)* | 160000 | 163730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/29 *(a)* | 150000 | 141123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 07/16/29 *(a)* | 220000 | 216885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/22/29 *(a)* | 125000 | 121648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/30 *(a)* | 125000 | 119324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/10/30 *(a)* | 100000 | 94422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/25/31 *(a)* | 150000 | 148293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/12/31 *(a)* | 170000 | 161614 |
| **Blackstone Secured Lending Fund** | **Blackstone Secured Lending Fund** | **Blackstone Secured Lending Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/15/27 *(a)* | 125000 | 125559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/13/28 *(a)* | 170000 | 169005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 09/30/28 *(a)* | 160000 | 148934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/04/29 *(a)* | 100000 | 98092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/30/30 *(a)* | 125000 | 121003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/31/31 *(a)* | 125000 | 119915 |
| **Blue Owl Capital Corp.** | **Blue Owl Capital Corp.** | **Blue Owl Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/13/27 *(a)* | 105000 | 102132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 06/11/28 *(a)* | 225000 | 209270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/29 *(a)* | 260000 | 257080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 07/15/30 *(a)* | 125000 | 123388 |
| **Blue Owl Credit Income Corp.** | **Blue Owl Credit Income Corp.** | **Blue Owl Credit Income Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 09/16/27 *(a)* | 125000 | 126965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 06/13/28 *(a)* | 165000 | 169359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 01/15/29 *(a)* | 150000 | 153522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 09/15/29 *(a)* | 215000 | 214570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/30 *(a)* | 250000 | 241577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 03/15/31 *(a)* | 180000 | 177723 |
| **Blue Owl Technology Finance Corp.** | **Blue Owl Technology Finance Corp.** | **Blue Owl Technology Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/28 *(a)* | 160000 | 158318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 04/04/29 *(a)(e)* | 170000 | 167356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 01/23/31 *(a)(e)* | 100000 | 94280 |
| **Capital Southwest Corp.** | **Capital Southwest Corp.** | **Capital Southwest Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/18/30 *(a)* | 90000 | 88487 |
| **Carlyle Secured Lending, Inc.** | **Carlyle Secured Lending, Inc.** | **Carlyle Secured Lending, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 02/18/30 *(a)* | 80000 | 79458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/31 *(a)* | 50000 | 47220 |
| **Franklin BSP Capital Corp.** | **Franklin BSP Capital Corp.** | **Franklin BSP Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 06/15/29 *(a)* | 100000 | 100637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/02/30 *(a)(d)* | 75000 | 71468 |
| **GATX Corp.** | **GATX Corp.** | **GATX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/28 *(a)* | 75000 | 73667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/07/28 *(a)* | 65000 | 65270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/01/29 *(a)* | 115000 | 115305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/30/30 *(a)* | 115000 | 112064 |
| **Goldman Sachs BDC, Inc.** | **Goldman Sachs BDC, Inc.** | **Goldman Sachs BDC, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/28/29 *(a)* | 100000 | 97246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/09/30 *(a)* | 90000 | 86657 |
| **Goldman Sachs Private Credit Corp.** | **Goldman Sachs Private Credit Corp.** | **Goldman Sachs Private Credit Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/23/28 *(d)* | 175000 | 172658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 05/06/28 *(a)(d)(e)* | 140000 | 139789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/31/29 *(a)(d)* | 165000 | 162271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/06/30 *(a)(d)* | 150000 | 148376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/31/31 *(a)(d)* | 200000 | 194234 |
| **Golub Capital BDC, Inc.** | **Golub Capital BDC, Inc.** | **Golub Capital BDC, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 12/05/28 *(a)* | 180000 | 184637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/15/29 *(a)* | 170000 | 169556 |

---

**101**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/15/28 *(a)(d)* | 125000 | 123399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/12/29 *(a)* | 140000 | 137932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 05/01/30 *(a)* | 100000 | 98171 |
| **Hercules Capital, Inc.** | **Hercules Capital, Inc.** | **Hercules Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/10/29 *(a)* | 50000 | 49025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/16/30 *(a)* | 110000 | 108139 |
| **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/05/27 *(d)* | 95000 | 94605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/14/28 *(a)* | 165000 | 163923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/11/28 *(a)(d)* | 160000 | 155976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 01/30/29 *(a)* | 155000 | 157371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/02/29 *(a)(d)* | 95000 | 92413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 09/30/29 *(a)* | 100000 | 99969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/05/30 *(a)(d)* | 115000 | 112258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/15/30 *(a)(d)* | 125000 | 119703 |
| **Main Street Capital Corp.** | **Main Street Capital Corp.** | **Main Street Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/04/27 *(a)* | 75000 | 75734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/15/28 *(a)* | 70000 | 69666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/01/29 *(a)(e)* | 160000 | 164672 |
| **Morgan Stanley Direct Lending Fund** | **Morgan Stanley Direct Lending Fund** | **Morgan Stanley Direct Lending Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 05/17/29 *(a)* | 160000 | 161958 |
| **MSD Investment Corp.** | **MSD Investment Corp.** | **MSD Investment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/31/30 *(a)* | 125000 | 122489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/05/31 *(a)(d)* | 100000 | 96992 |
| **New Mountain Finance Corp.** | **New Mountain Finance Corp.** | **New Mountain Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 10/15/27  | 70000 | 69820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 02/01/29 *(a)(e)* | 85000 | 84805 |
| **North Haven Private Income Fund LLC** | **North Haven Private Income Fund LLC** | **North Haven Private Income Fund LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/25/28 *(a)(d)* | 65000 | 63335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/30 *(a)* | 100000 | 96099 |
| **Nuveen Churchill Direct Lending Corp.** | **Nuveen Churchill Direct Lending Corp.** | **Nuveen Churchill Direct Lending Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 03/15/30 *(a)* | 80000 | 79596 |
| **Oaktree Specialty Lending Corp.** | **Oaktree Specialty Lending Corp.** | **Oaktree Specialty Lending Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 02/15/29 *(a)* | 75000 | 75556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 02/27/30 *(a)(e)* | 75000 | 73187 |
| **Oaktree Strategic Credit Fund** | **Oaktree Strategic Credit Fund** | **Oaktree Strategic Credit Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.40%, 11/14/28 *(a)* | 110000 | 115495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/23/29 *(a)* | 100000 | 100378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.19%, 07/15/30 *(a)* | 95000 | 93210 |
| **Sixth Street Lending Partners** | **Sixth Street Lending Partners** | **Sixth Street Lending Partners** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/11/29 *(a)* | 185000 | 187623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/30 *(a)* | 165000 | 162467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 07/15/30 *(a)* | 185000 | 184304 |
| **Sixth Street Specialty Lending, Inc.** | **Sixth Street Specialty Lending, Inc.** | **Sixth Street Specialty Lending, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 08/14/28 *(a)* | 65000 | 66558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/01/29 *(a)* | 85000 | 85755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/15/30 *(a)* | 60000 | 58947 |
| **Takeoff Merger Sub, Inc.** | **Takeoff Merger Sub, Inc.** | **Takeoff Merger Sub, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/24/28 *(d)* | 200000 | 198962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/24/29 *(a)(d)* | 300000 | 298074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/24/31 *(a)(d)* | 370000 | 365634 |
|  |  | **19702253** |
| ***Financial Other 0.1%***  | ***Financial Other 0.1%***  | ***Financial Other 0.1%***  |
| **Andrew W Mellon Foundation** | **Andrew W Mellon Foundation** | **Andrew W Mellon Foundation** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.95%, 08/01/27 *(a)* | 70000 | 67257 |
| **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 01/15/31 *(a)* | 150000 | 152742 |
| **ORIX Corp.** | **ORIX Corp.** | **ORIX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 07/18/27  | 110000 | 109076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/13/27  | 125000 | 126050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/10/29  | 175000 | 176344 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/09/30  | 160000 | 158667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/09/31  | 110000 | 97855 |
|  |  | **887991** |
| ***Insurance 3.4%***  | ***Insurance 3.4%***  | ***Insurance 3.4%***  |
| **ACE Capital Trust II** | **ACE Capital Trust II** | **ACE Capital Trust II** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.70%, 04/01/30  | 95000 | 111711 |
| **Aegon Ltd.** | **Aegon Ltd.** | **Aegon Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/11/48 *(a)(b)* | 205000 | 204902 |
| **Aflac, Inc.** | **Aflac, Inc.** | **Aflac, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/01/30 *(a)* | 225000 | 218432 |
| **Alleghany Corp.** | **Alleghany Corp.** | **Alleghany Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/15/30 *(a)* | 115000 | 111704 |
| **Allstate Corp.** | **Allstate Corp.** | **Allstate Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/24/29 *(a)* | 105000 | 107031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 12/15/30 *(a)* | 150000 | 130376 |
| **American Financial Group, Inc.** | **American Financial Group, Inc.** | **American Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/02/30 *(a)* | 65000 | 66645 |
| **American International Group, Inc.** | **American International Group, Inc.** | **American International Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 05/07/30 *(a)* | 130000 | 131361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/30/30 *(a)* | 60000 | 57287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/48 *(a)(b)* | 75000 | 74726 |
| **American National Group, Inc.** | **American National Group, Inc.** | **American National Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/27 *(a)* | 165000 | 164299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 10/01/29 *(a)* | 140000 | 141695 |
| **Aon Corp.** | **Aon Corp.** | **Aon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/15/28 *(a)* | 75000 | 75315 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/02/29 *(a)* | 205000 | 201388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/15/30 *(a)* | 235000 | 219231 |
| **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 05/28/27 *(a)* | 145000 | 142541 |
| **Aon North America, Inc.** | **Aon North America, Inc.** | **Aon North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/01/29 *(a)* | 270000 | 275840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/01/31 *(a)* | 170000 | 173750 |
| **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 12/15/27 *(a)* | 175000 | 175574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/15/29 *(a)* | 150000 | 151686 |
| **Aspen Insurance Holdings Ltd.** | **Aspen Insurance Holdings Ltd.** | **Aspen Insurance Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/01/30 *(a)* | 75000 | 77519 |
| **Assurant, Inc.** | **Assurant, Inc.** | **Assurant, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/27/28 *(a)* | 80000 | 80366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 02/22/30 *(a)* | 75000 | 71998 |
| **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 09/15/28 *(a)* | 105000 | 108782 |
| **Athene Holding Ltd.** | **Athene Holding Ltd.** | **Athene Holding Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 01/12/28 *(a)* | 280000 | 276713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 04/03/30 *(a)* | 170000 | 176207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/31 *(a)* | 120000 | 111504 |
| **AXA SA** | **AXA SA** | **AXA SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.60%, 12/15/30  | 250000 | 288527 |
| **AXIS Specialty Finance LLC** | **AXIS Specialty Finance LLC** | **AXIS Specialty Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 07/15/29 *(a)* | 150000 | 147326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/40 *(a)(b)* | 90000 | 86234 |
| **AXIS Specialty Finance PLC** | **AXIS Specialty Finance PLC** | **AXIS Specialty Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/06/27 *(a)* | 80000 | 79522 |
| **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 03/12/30 *(a)* | 155000 | 142228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 10/15/30 *(a)* | 175000 | 155545 |
| **Brighthouse Financial, Inc.** | **Brighthouse Financial, Inc.** | **Brighthouse Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/22/27 *(a)* | 180000 | 176560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/30 *(a)(e)* | 150000 | 149436 |

---

**102**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Brown & Brown, Inc.** | **Brown & Brown, Inc.** | **Brown & Brown, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/23/28 *(a)* | 115000 | 115398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/29 *(a)* | 110000 | 109538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/23/30 *(a)* | 200000 | 199884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/31 *(a)* | 150000 | 132228 |
| **Centene Corp.** | **Centene Corp.** | **Centene Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/15/27 *(a)* | 290000 | 285490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 07/15/28 *(a)* | 575000 | 535555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/15/29 *(a)* | 905000 | 859596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/15/30 *(a)* | 490000 | 443112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/15/30 *(a)* | 565000 | 495217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/01/31 *(a)* | 460000 | 385834 |
| **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/15/29 *(a)* | 160000 | 161717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 09/15/30 *(a)* | 240000 | 209837 |
| **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.92%, 05/15/28  | 100000 | 105173 |
| **CNA Financial Corp.** | **CNA Financial Corp.** | **CNA Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 08/15/27 *(a)* | 100000 | 98640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/01/29 *(a)* | 180000 | 176405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 08/15/30 *(a)* | 140000 | 124663 |
| **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/30/29 *(a)* | 140000 | 140279 |
| **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 04/05/27 *(a)* | 285000 | 282475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/05/29 *(a)* | 250000 | 244222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 12/15/52 *(a)(b)* | 250000 | 252937 |
| **Elevance Health, Inc.** | **Elevance Health, Inc.** | **Elevance Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 12/01/27 *(a)* | 365000 | 360952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/01/28 *(a)* | 300000 | 298188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/15/28 *(a)* | 160000 | 158637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/15/29 *(a)* | 180000 | 183427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 09/15/29 *(a)* | 245000 | 232199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/30 *(a)* | 200000 | 201418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 05/15/30 *(a)* | 250000 | 227842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/15/31 *(a)* | 220000 | 198568 |
| **Enact Holdings, Inc.** | **Enact Holdings, Inc.** | **Enact Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/28/29 *(a)* | 175000 | 180183 |
| **Enstar Group Ltd.** | **Enstar Group Ltd.** | **Enstar Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/29 *(a)* | 150000 | 149536 |
| **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/20/28 *(a)* | 290000 | 289258 |
| **Essent Group Ltd.** | **Essent Group Ltd.** | **Essent Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/01/29 *(a)* | 155000 | 160388 |
| **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.40%, 01/13/28 *(a)* | 135000 | 137700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/04/29 *(a)* | 160000 | 160816 |
| **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/17/28 *(a)* | 135000 | 135797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 04/29/30 *(a)* | 175000 | 174352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/03/31 *(a)* | 140000 | 130735 |
| **Fidelity National Financial, Inc.** | **Fidelity National Financial, Inc.** | **Fidelity National Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/28 *(a)* | 85000 | 84778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/15/30 *(a)* | 215000 | 202379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 03/15/31 *(a)* | 130000 | 114800 |
| **First American Financial Corp.** | **First American Financial Corp.** | **First American Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/30 *(a)* | 100000 | 95581 |
| **Globe Life, Inc.** | **Globe Life, Inc.** | **Globe Life, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/15/28 *(a)* | 120000 | 119879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 08/15/30 *(a)* | 80000 | 71918 |
| **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/01/30 *(a)* | 60000 | 54503 |
| **Hartford Insurance Group, Inc.** | **Hartford Insurance Group, Inc.** | **Hartford Insurance Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 08/19/29 *(a)* | 130000 | 123213 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Horace Mann Educators Corp.** | **Horace Mann Educators Corp.** | **Horace Mann Educators Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 09/15/28 *(a)* | 70000 | 73923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 10/01/30 *(a)* | 80000 | 78930 |
| **Humana, Inc.** | **Humana, Inc.** | **Humana, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/28 *(a)* | 130000 | 132588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/01/28 *(a)* | 100000 | 102571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/23/29 *(a)* | 145000 | 140994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/15/29 *(a)* | 120000 | 114264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/30 *(a)* | 150000 | 149643 |
| **Jackson Financial, Inc.** | **Jackson Financial, Inc.** | **Jackson Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 06/08/27 *(a)* | 100000 | 100647 |
| **Kemper Corp.** | **Kemper Corp.** | **Kemper Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 09/30/30 *(a)* | 95000 | 83111 |
| **Lincoln National Corp.** | **Lincoln National Corp.** | **Lincoln National Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/01/28 *(a)* | 100000 | 98775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 01/15/30 *(a)* | 100000 | 94195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/15/31 *(a)* | 120000 | 111908 |
| **Loews Corp.** | **Loews Corp.** | **Loews Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/15/30 *(a)* | 115000 | 109368 |
| **Manulife Financial Corp.** | **Manulife Financial Corp.** | **Manulife Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.48%, 05/19/27 *(a)* | 60000 | 58765 |
| **Markel Group, Inc.** | **Markel Group, Inc.** | **Markel Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/01/27 *(a)* | 140000 | 137927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 09/17/29 *(a)* | 75000 | 71931 |
| **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/08/27 *(a)* | 220000 | 221069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/29 *(a)* | 325000 | 325637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/30 *(a)* | 255000 | 256844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 11/15/30 *(a)* | 200000 | 180914 |
| **MetLife, Inc.** | **MetLife, Inc.** | **MetLife, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/23/30 *(a)* | 275000 | 276826 |
| **MGIC Investment Corp.** | **MGIC Investment Corp.** | **MGIC Investment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/15/28 *(a)* | 175000 | 174828 |
| **NMI Holdings, Inc.** | **NMI Holdings, Inc.** | **NMI Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/15/29 *(a)* | 115000 | 117621 |
| **PartnerRe Finance B LLC** | **PartnerRe Finance B LLC** | **PartnerRe Finance B LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 07/02/29 *(a)* | 145000 | 141127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/50 *(a)(b)(e)* | 110000 | 105431 |
| **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/15/29 *(a)* | 135000 | 131821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 06/15/30 *(a)* | 100000 | 90460 |
| **Progressive Corp.** | **Progressive Corp.** | **Progressive Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/29 *(a)* | 140000 | 139406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 03/01/29  | 50000 | 53359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/26/30 *(a)* | 100000 | 95747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/26/31 *(a)* | 120000 | 120298 |
| **Prudential Financial, Inc.** | **Prudential Financial, Inc.** | **Prudential Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 03/27/28 *(a)* | 130000 | 129263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 03/10/30 *(a)* | 150000 | 138192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/47 *(a)(b)* | 185000 | 180601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/48 *(a)(b)* | 270000 | 267505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 10/01/50 *(a)(b)* | 170000 | 154600 |
| **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/14/30  | 255000 | 242811 |
| **Radian Group, Inc.** | **Radian Group, Inc.** | **Radian Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 05/15/29 *(a)* | 120000 | 124094 |
| **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/15/29 *(a)* | 150000 | 146754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 06/15/30 *(a)* | 120000 | 112294 |
| **RenaissanceRe Finance, Inc.** | **RenaissanceRe Finance, Inc.** | **RenaissanceRe Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 07/01/27 *(a)* | 95000 | 94048 |
| **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/15/29 *(a)* | 150000 | 145656 |

---

**103**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **SiriusPoint Ltd.** | **SiriusPoint Ltd.** | **SiriusPoint Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 04/05/29 *(a)* | 90000 | 93994 |
| **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/15/27  | 180000 | 178384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/15/27 *(a)* | 135000 | 135454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/15/27 *(a)* | 180000 | 178967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 10/15/27  | 200000 | 196480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/28 *(a)* | 255000 | 259501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/15/28  | 315000 | 312782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/15/28 *(a)* | 140000 | 140448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/15/28  | 180000 | 178256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/29 *(a)* | 315000 | 314707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/15/29 *(a)* | 95000 | 95929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/29 *(a)* | 290000 | 287010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 08/15/29  | 290000 | 276570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/15/30 *(a)* | 325000 | 328848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/15/30 *(a)* | 310000 | 319095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/15/30  | 275000 | 249235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/15/31 *(a)* | 190000 | 190980 |
| **Unum Group** | **Unum Group** | **Unum Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/29 *(a)* | 90000 | 88332 |
| **Voya Financial, Inc.** | **Voya Financial, Inc.** | **Voya Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/23/48 *(a)(b)* | 85000 | 80703 |
| **Willis North America, Inc.** | **Willis North America, Inc.** | **Willis North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/15/27 *(a)* | 170000 | 170331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/28 *(a)* | 230000 | 229841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/15/29 *(a)* | 165000 | 156283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/31 *(a)* | 170000 | 167814 |
|  |  | **25125898** |
| ***REITs 3.2%***  | ***REITs 3.2%***  | ***REITs 3.2%***  |
| **Agree LP** | **Agree LP** | **Agree LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 06/15/28 *(a)* | 85000 | 80500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 10/01/30 *(a)* | 70000 | 64754 |
| **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/15/28 *(a)* | 90000 | 89128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/30/29 *(a)* | 90000 | 89540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 12/15/29 *(a)* | 135000 | 126043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 07/01/30 *(a)* | 85000 | 84616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/15/30 *(a)* | 175000 | 175595 |
| **American Assets Trust LP** | **American Assets Trust LP** | **American Assets Trust LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/01/31 *(a)* | 125000 | 112782 |
| **American Homes 4 Rent LP** | **American Homes 4 Rent LP** | **American Homes 4 Rent LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/28 *(a)* | 100000 | 99533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/15/29 *(a)* | 180000 | 181148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/30 *(a)* | 120000 | 120430 |
| **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 05/15/27 *(a)* | 105000 | 104072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 01/15/28 *(a)* | 85000 | 83449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 12/01/28 *(a)* | 85000 | 79915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/01/29 *(a)* | 120000 | 116266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/01/30 *(a)* | 155000 | 143119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 12/01/30 *(a)* | 140000 | 138586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/15/31 *(a)* | 105000 | 95554 |
| **Boston Properties LP** | **Boston Properties LP** | **Boston Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/01/27 *(a)* | 165000 | 170663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/01/28 *(a)* | 245000 | 243851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/21/29 *(a)* | 200000 | 191818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/15/30 *(a)* | 170000 | 157712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/30/31 *(a)* | 290000 | 267792 |
| **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/01/28 *(a)* | 80000 | 76800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/15/29 *(a)* | 180000 | 177680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 07/01/30 *(a)* | 180000 | 175185 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Camden Property Trust** | **Camden Property Trust** | **Camden Property Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 10/15/28 *(a)* | 125000 | 124421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 07/01/29 *(a)* | 170000 | 163037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/15/30 *(a)* | 165000 | 154166 |
| **COPT Defense Properties LP** | **COPT Defense Properties LP** | **COPT Defense Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 01/15/29 *(a)* | 105000 | 98073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/30 *(a)* | 100000 | 98683 |
| **Cousins Properties LP** | **Cousins Properties LP** | **Cousins Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/30 *(a)* | 115000 | 116536 |
| **CubeSmart LP** | **CubeSmart LP** | **CubeSmart LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 12/15/28 *(a)* | 105000 | 99140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/29 *(a)* | 80000 | 79516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/30 *(a)* | 90000 | 84823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 02/15/31 *(a)* | 125000 | 109825 |
| **Digital Realty Trust LP** | **Digital Realty Trust LP** | **Digital Realty Trust LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/15/27 *(a)* | 275000 | 272165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 01/15/28 *(a)* | 205000 | 208710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 07/15/28 *(a)* | 150000 | 149694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 07/01/29 *(a)* | 185000 | 179789 |
| **DOC Dr. LLC** | **DOC Dr. LLC** | **DOC Dr. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/15/28 *(a)* | 80000 | 79205 |
| **EPR Properties** | **EPR Properties** | **EPR Properties** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/01/27 *(a)* | 150000 | 149428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/15/28 *(a)* | 85000 | 84972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/29 *(a)* | 120000 | 115051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/30 *(a)* | 185000 | 180625 |
| **ERP Operating LP** | **ERP Operating LP** | **ERP Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/01/27 *(a)* | 150000 | 147957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/28 *(a)* | 155000 | 152752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/01/28 *(a)* | 90000 | 89654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/01/29 *(a)* | 90000 | 86183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/30 *(a)* | 170000 | 158454 |
| **Essex Portfolio LP** | **Essex Portfolio LP** | **Essex Portfolio LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/01/27 *(a)* | 100000 | 99155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 03/01/28 *(a)* | 125000 | 118674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/29 *(a)* | 75000 | 73836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 *(a)* | 165000 | 155463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/15/31 *(a)* | 60000 | 51979 |
| **Extra Space Storage LP** | **Extra Space Storage LP** | **Extra Space Storage LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 12/15/27 *(a)* | 40000 | 39636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 04/01/28 *(a)* | 170000 | 173638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/01/29 *(a)* | 115000 | 112790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/29 *(a)* | 110000 | 108284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/30 *(a)* | 205000 | 210420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 10/15/30 *(a)* | 80000 | 71694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 01/15/31 *(a)* | 160000 | 167226 |
| **Federal Realty OP LP** | **Federal Realty OP LP** | **Federal Realty OP LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 07/15/27 *(a)* | 150000 | 147834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 05/01/28 *(a)* | 95000 | 96580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 06/15/29 *(a)* | 100000 | 96332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/30 *(a)* | 70000 | 66908 |
| **First Industrial LP** | **First Industrial LP** | **First Industrial LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/31 *(a)* | 110000 | 111210 |
| **Healthcare Realty Holdings LP** | **Healthcare Realty Holdings LP** | **Healthcare Realty Holdings LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/01/27 *(a)* | 140000 | 138729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 02/15/30 *(a)* | 175000 | 164745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/15/31 *(a)* | 170000 | 147604 |
| **Healthpeak OP LLC** | **Healthpeak OP LLC** | **Healthpeak OP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 12/01/28 *(a)* | 85000 | 80125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/15/29 *(a)* | 215000 | 207948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 *(a)* | 165000 | 155346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 01/15/31 *(a)* | 140000 | 128632 |
| **Highwoods Realty LP** | **Highwoods Realty LP** | **Highwoods Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/28 *(a)* | 90000 | 88750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/29 *(a)* | 85000 | 82742 |

---

**104**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 02/15/30 *(a)* | 130000 | 120011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 02/01/31 *(a)* | 100000 | 88588 |
| **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/15/28 *(a)* | 90000 | 89015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/15/29 *(a)* | 160000 | 152114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/15/30 *(a)* | 225000 | 211599 |
| **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/15/28 *(a)* | 140000 | 131792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/15/30 *(a)* | 135000 | 137029 |
| **Kilroy Realty LP** | **Kilroy Realty LP** | **Kilroy Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/15/28 *(a)* | 105000 | 104252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/15/29 *(a)* | 115000 | 111214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 02/15/30 *(a)* | 130000 | 118751 |
| **Kimco Realty OP LLC** | **Kimco Realty OP LLC** | **Kimco Realty OP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/01/27 *(a)* | 105000 | 104568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 03/01/28 *(a)* | 100000 | 95743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 10/01/30 *(a)* | 100000 | 92970 |
| **Kite Realty Group Trust** | **Kite Realty Group Trust** | **Kite Realty Group Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/15/30 *(a)* | 80000 | 80085 |
| **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** | **Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/01/30 *(a)* | 190000 | 190479 |
| **Lineage OP LP** | **Lineage OP LP** | **Lineage OP LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/30 *(a)* | 145000 | 144840 |
| **LXP Industrial Trust** | **LXP Industrial Trust** | **LXP Industrial Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 09/15/30 *(a)* | 80000 | 73020 |
| **Mid-America Apartments LP** | **Mid-America Apartments LP** | **Mid-America Apartments LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 06/01/27 *(a)* | 145000 | 143981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/15/28 *(a)* | 100000 | 99869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/15/29 *(a)* | 100000 | 98917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 03/15/30 *(a)* | 155000 | 145314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 02/15/31 *(a)* | 100000 | 87133 |
| **National Health Investors, Inc.** | **National Health Investors, Inc.** | **National Health Investors, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/01/31 *(a)* | 100000 | 90111 |
| **NNN REIT, Inc.** | **NNN REIT, Inc.** | **NNN REIT, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/15/27 *(a)* | 130000 | 128527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 10/15/28 *(a)* | 100000 | 99708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/15/30 *(a)* | 95000 | 87487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/15/31 *(a)* | 125000 | 124280 |
| **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/27 *(a)* | 155000 | 154767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 *(a)* | 140000 | 140101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 10/01/29 *(a)* | 185000 | 177800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/01/30 *(a)* | 145000 | 145786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/01/31 *(a)* | 175000 | 161906 |
| **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 07/15/29 *(a)* | 140000 | 146583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/30 *(a)* | 60000 | 54005 |
| **Prologis LP** | **Prologis LP** | **Prologis LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 04/15/27 *(a)* | 155000 | 151908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/15/27 *(a)* | 100000 | 98666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/15/28 *(a)* | 145000 | 146762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 09/15/28 *(a)* | 95000 | 94090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/15/28 *(a)* | 115000 | 114354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/01/29 *(a)* | 130000 | 130161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 11/15/29 *(a)* | 115000 | 109125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/15/30 *(a)* | 230000 | 211853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 07/01/30 *(a)* | 75000 | 67004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 10/15/30 *(a)* | 150000 | 130332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/31 *(a)* | 120000 | 121255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/01/31 *(a)* | 100000 | 87892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 03/15/31 *(a)* | 90000 | 78680 |
| **Public Storage Operating Co.** | **Public Storage Operating Co.** | **Public Storage Operating Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.09%, 09/15/27 *(a)* | 145000 | 142982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 05/01/28 *(a)* | 155000 | 147808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 11/09/28 *(a)* | 130000 | 122789 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/15/29 *(a)(e)* | 115000 | 117752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.39%, 05/01/29 *(a)* | 145000 | 141491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 07/01/30 *(a)* | 120000 | 119906 |
| **Realty Income Corp.** | **Realty Income Corp.** | **Realty Income Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/15/27 *(a)* | 100000 | 99502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/15/28 *(a)* | 105000 | 103279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 01/15/28 *(a)* | 135000 | 133523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 03/15/28 *(a)* | 135000 | 129453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 06/15/28 *(a)* | 145000 | 138476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/15/28 *(a)* | 145000 | 146076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/01/29 *(a)* | 85000 | 84068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/29 *(a)* | 100000 | 100965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/15/29 *(a)* | 105000 | 101201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/15/29 *(a)* | 115000 | 113641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 12/15/29 *(a)* | 150000 | 143028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 01/15/30 *(a)* | 125000 | 119992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/30 *(a)* | 160000 | 161973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/31 *(a)* | 220000 | 207088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 02/15/31 *(a)* | 100000 | 93764 |
| **Regency Centers LP** | **Regency Centers LP** | **Regency Centers LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/28 *(a)* | 80000 | 79804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/15/29 *(a)* | 170000 | 162035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/15/30 *(a)* | 140000 | 135703 |
| **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/28 *(a)* | 65000 | 65701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 12/01/30 *(a)* | 110000 | 97504 |
| **Sabra Health Care LP** | **Sabra Health Care LP** | **Sabra Health Care LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 10/15/29 *(a)* | 80000 | 77726 |
| **Simon Property Group LP** | **Simon Property Group LP** | **Simon Property Group LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 06/15/27 *(a)* | 135000 | 133641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/01/27 *(a)* | 230000 | 226906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/01/28 *(a)* | 250000 | 239292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 09/13/29 *(a)* | 290000 | 271901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 07/15/30 *(a)* | 200000 | 185964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/01/30 *(a)* | 195000 | 193974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/15/31 *(a)* | 200000 | 197400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 02/01/31 *(a)* | 150000 | 134553 |
| **Store Capital LLC** | **Store Capital LLC** | **Store Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 *(a)* | 80000 | 79608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/15/29 *(a)* | 85000 | 84175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/30/30 *(a)* | 75000 | 75478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/18/30 *(a)* | 85000 | 76702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/11/31 *(a)(d)* | 125000 | 124020 |
| **Sun Communities Operating LP** | **Sun Communities Operating LP** | **Sun Communities Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/01/28 *(a)* | 115000 | 108887 |
| **Tanger Properties LP** | **Tanger Properties LP** | **Tanger Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 07/15/27 *(a)* | 75000 | 74403 |
| **UDR, Inc.** | **UDR, Inc.** | **UDR, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/01/27 *(a)* | 110000 | 108897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/28 *(a)* | 70000 | 68911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/26/29 *(a)* | 65000 | 64870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 01/15/30 *(a)* | 140000 | 133584 |
| **Ventas Realty LP** | **Ventas Realty LP** | **Ventas Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 04/01/27 *(a)* | 65000 | 64613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/28 *(a)* | 170000 | 168356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/29 *(a)* | 160000 | 159221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/30 *(a)* | 150000 | 141471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/30 *(a)* | 110000 | 110309 |
| **Welltower OP LLC** | **Welltower OP LLC** | **Welltower OP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/15/28 *(a)* | 215000 | 214910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 01/15/29 *(a)* | 120000 | 112948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/29 *(a)* | 135000 | 134313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/15/30 *(a)* | 150000 | 142773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/30 *(a)* | 325000 | 325003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/15/31 *(a)* | 140000 | 128874 |

---

**105**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **WP Carey, Inc.** | **WP Carey, Inc.** | **WP Carey, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 07/15/29 *(a)* | 100000 | 97684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/15/30 *(a)* | 145000 | 144152 |
|  |  | **23215120** |
|  |  | **296951733** |
| **Industrial 51.6%** | **Industrial 51.6%** | **Industrial 51.6%** |
| ***Basic Industry 2.0%***  | ***Basic Industry 2.0%***  | ***Basic Industry 2.0%***  |
| **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 05/15/27 *(a)* | 190000 | 185539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/11/28 *(a)* | 130000 | 130460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/08/29 *(a)* | 155000 | 156652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 05/15/30 *(a)* | 230000 | 209728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/08/31 *(a)* | 150000 | 152166 |
| **AngloGold Ashanti Holdings PLC** | **AngloGold Ashanti Holdings PLC** | **AngloGold Ashanti Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/01/28 *(a)* | 235000 | 228147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/01/30 *(a)* | 220000 | 211539 |
| **ArcelorMittal SA** | **ArcelorMittal SA** | **ArcelorMittal SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 11/29/27 *(a)* | 290000 | 298900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 07/16/29  | 135000 | 134522 |
| **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/28/28 *(a)* | 230000 | 232222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/08/28 *(a)* | 150000 | 152821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/21/30 *(a)* | 225000 | 229405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/08/30 *(a)* | 200000 | 205902 |
| **Cabot Corp.** | **Cabot Corp.** | **Cabot Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/29 *(a)* | 75000 | 74138 |
| **Dow Chemical Co.** | **Dow Chemical Co.** | **Dow Chemical Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/30/28 *(a)* | 160000 | 160666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 11/01/29  | 175000 | 189430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 11/15/30 *(a)* | 190000 | 167187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/15/31 *(a)* | 180000 | 177862 |
| **DuPont de Nemours, Inc.** | **DuPont de Nemours, Inc.** | **DuPont de Nemours, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 11/15/28 *(a)* | 185000 | 186123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 11/15/28 *(a)(d)* | 197000 | 197729 |
| **Eastman Chemical Co.** | **Eastman Chemical Co.** | **Eastman Chemical Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/01/28 *(a)* | 110000 | 110077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/29 *(a)* | 205000 | 207050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/20/31 *(a)* | 150000 | 146808 |
| **Ecolab, Inc.** | **Ecolab, Inc.** | **Ecolab, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 12/01/27 *(a)* | 135000 | 133314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/28 *(a)* | 130000 | 132413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/28 *(a)* | 100000 | 100265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/24/30 *(a)* | 195000 | 198083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 01/30/31 *(a)* | 175000 | 151401 |
| **EIDP, Inc.** | **EIDP, Inc.** | **EIDP, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 07/15/30 *(a)* | 115000 | 105905 |
| **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/27 *(a)* | 185000 | 185100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/01/28 *(a)* | 135000 | 134064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/01/28 *(a)* | 125000 | 124278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/29 *(a)* | 95000 | 95941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/01/30 *(a)* | 150000 | 147225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/01/30 *(a)* | 95000 | 94526 |
| **Georgia-Pacific LLC** | **Georgia-Pacific LLC** | **Georgia-Pacific LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 11/15/29  | 160000 | 178202 |
| **International Flavors & Fragrances, Inc.** | **International Flavors & Fragrances, Inc.** | **International Flavors & Fragrances, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/26/28 *(a)* | 60000 | 59874 |
| **Linde, Inc.** | **Linde, Inc.** | **Linde, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 08/10/30 *(a)* | 205000 | 179477 |
| **LYB International Finance III LLC** | **LYB International Finance III LLC** | **LYB International Finance III LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 10/01/30 *(a)* | 105000 | 93830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/15/31 *(a)* | 120000 | 120234 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Mosaic Co.** | **Mosaic Co.** | **Mosaic Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 11/15/27 *(a)* | 165000 | 163909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/15/28 *(a)* | 100000 | 102184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/15/29 *(a)* | 110000 | 109475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/30 *(a)* | 120000 | 119093 |
| **NewMarket Corp.** | **NewMarket Corp.** | **NewMarket Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/18/31 *(a)* | 90000 | 81230 |
| **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/13/30 *(a)* | 149000 | 143640 |
| **Nucor Corp.** | **Nucor Corp.** | **Nucor Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/23/27 *(a)* | 170000 | 170320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/01/28 *(a)* | 90000 | 89443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/01/30 *(a)* | 140000 | 130696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/01/30 *(a)* | 125000 | 126159 |
| **Nutrien Ltd.** | **Nutrien Ltd.** | **Nutrien Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/21/27 *(a)* | 145000 | 146424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/27/28 *(a)* | 185000 | 186663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/01/29 *(a)* | 200000 | 198624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 05/13/30 *(a)* | 75000 | 70376 |
| **Packaging Corp. of America** | **Packaging Corp. of America** | **Packaging Corp. of America** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 12/15/27 *(a)* | 100000 | 98385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 12/15/29 *(a)* | 165000 | 156801 |
| **PPG Industries, Inc.** | **PPG Industries, Inc.** | **PPG Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/15/28 *(a)* | 175000 | 173434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 08/15/29 *(a)* | 90000 | 85756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 06/15/30 *(a)* | 90000 | 83652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/31 *(a)* | 170000 | 167724 |
| **Reliance, Inc.** | **Reliance, Inc.** | **Reliance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 08/15/30 *(a)* | 90000 | 80904 |
| **Rio Tinto Alcan, Inc.** | **Rio Tinto Alcan, Inc.** | **Rio Tinto Alcan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 03/15/31  | 110000 | 122950 |
| **Rio Tinto Finance USA Ltd.** | **Rio Tinto Finance USA Ltd.** | **Rio Tinto Finance USA Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 07/15/28  | 190000 | 201700 |
| **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/14/28 *(a)* | 240000 | 241334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/14/30 *(a)* | 410000 | 416445 |
| **Rohm & Haas Co.** | **Rohm & Haas Co.** | **Rohm & Haas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.85%, 07/15/29  | 20000 | 21911 |
| **RPM International, Inc.** | **RPM International, Inc.** | **RPM International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/01/29 *(a)* | 100000 | 100341 |
| **Sherwin-Williams Co.** | **Sherwin-Williams Co.** | **Sherwin-Williams Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 06/01/27 *(a)* | 355000 | 351404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/01/28 *(a)* | 130000 | 130572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/15/28 *(a)* | 155000 | 154609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 08/15/29 *(a)* | 180000 | 171655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/15/30 *(a)* | 135000 | 123547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/30 *(a)* | 125000 | 124839 |
| **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/15/30 *(a)* | 200000 | 203838 |
| **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 10/15/27 *(a)* | 75000 | 72014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/28 *(a)* | 140000 | 138736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/15/30 *(a)* | 150000 | 143526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/31 *(a)* | 120000 | 112607 |
| **Suzano Austria GmbH** | **Suzano Austria GmbH** | **Suzano Austria GmbH** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/15/28 *(a)* | 165000 | 156704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/29 *(a)* | 410000 | 419332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/30 *(a)* | 285000 | 280793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/15/31 *(a)* | 290000 | 269187 |
| **Vale Overseas Ltd.** | **Vale Overseas Ltd.** | **Vale Overseas Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/08/30 *(a)* | 340000 | 323731 |
| **Westlake Corp.** | **Westlake Corp.** | **Westlake Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 06/15/30 *(a)* | 90000 | 85493 |
| **WestRock MWV LLC** | **WestRock MWV LLC** | **WestRock MWV LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.20%, 01/15/30  | 70000 | 78464 |

---

**106**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Weyerhaeuser Co.** | **Weyerhaeuser Co.** | **Weyerhaeuser Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 10/01/27  | 100000 | 103286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/29 *(a)* | 195000 | 191217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/30 *(a)* | 210000 | 204534 |
| **WRKCo, Inc.** | **WRKCo, Inc.** | **WRKCo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/28 *(a)* | 115000 | 114393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/01/28 *(a)* | 175000 | 172903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/29 *(a)* | 170000 | 171686 |
|  |  | **14467848** |
| ***Capital Goods 5.8%***  | ***Capital Goods 5.8%***  | ***Capital Goods 5.8%***  |
| **3M Co.** | **3M Co.** | **3M Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/15/27 *(a)* | 220000 | 215756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 09/14/28 *(a)* | 175000 | 172566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/01/29 *(a)* | 205000 | 199365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 08/26/29 *(a)* | 240000 | 225149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/30 *(a)* | 150000 | 151655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 04/15/30 *(a)* | 130000 | 123218 |
| **ABB Finance USA, Inc.** | **ABB Finance USA, Inc.** | **ABB Finance USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/03/28 *(a)* | 145000 | 144124 |
| **Acuity Brands Lighting, Inc.** | **Acuity Brands Lighting, Inc.** | **Acuity Brands Lighting, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 12/15/30 *(a)* | 110000 | 97670 |
| **Allegion PLC** | **Allegion PLC** | **Allegion PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/01/29 *(a)* | 85000 | 81940 |
| **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 10/01/27 *(a)* | 90000 | 88804 |
| **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/28 *(a)* | 150000 | 150167 |
| **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/17/28  | 240000 | 241586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/08/29 *(a)* | 180000 | 178378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/17/30 *(a)* | 190000 | 192139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 06/19/30 *(a)* | 105000 | 96816 |
| **Amcor Group Finance PLC** | **Amcor Group Finance PLC** | **Amcor Group Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 05/23/29 *(a)* | 135000 | 138379 |
| **Amphenol Corp.** | **Amphenol Corp.** | **Amphenol Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/05/27 *(a)* | 85000 | 85646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/15/27  | 185000 | 183995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/12/28 *(a)* | 140000 | 140417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/15/28 *(a)* | 215000 | 213355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/05/29 *(a)* | 145000 | 148091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/01/29 *(a)* | 100000 | 100269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 02/15/30 *(a)* | 220000 | 207368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/15/30 *(a)* | 250000 | 246512 |
| **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/07/27  | 170000 | 170513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/07/28 *(a)* | 125000 | 125735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/07/30 *(a)* | 315000 | 318629 |
| **AptarGroup, Inc.** | **AptarGroup, Inc.** | **AptarGroup, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/30/31 *(a)* | 150000 | 149025 |
| **Avery Dennison Corp.** | **Avery Dennison Corp.** | **Avery Dennison Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 12/06/28 *(a)* | 130000 | 131372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 04/30/30 *(a)* | 150000 | 138683 |
| **Berry Global, Inc.** | **Berry Global, Inc.** | **Berry Global, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/28 *(a)* | 75000 | 76460 |
| **Boeing Co.** | **Boeing Co.** | **Boeing Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 05/01/27 *(a)* | 430000 | 432331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.26%, 05/01/27 *(a)* | 295000 | 300077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/01/28 *(a)* | 305000 | 298982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/01/28 *(a)* | 120000 | 117511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 11/01/28 *(a)* | 120000 | 117325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/01/29 *(a)* | 275000 | 265213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 05/01/29 *(a)* | 375000 | 394046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 02/01/30 *(a)* | 180000 | 169438 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/01/30 *(a)* | 1050000 | 1066768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 02/01/31 *(a)* | 350000 | 333035 |
| **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/01/27 *(a)* | 195000 | 192853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 03/01/30 *(a)* | 175000 | 163683 |
| **Carrier Global Corp.** | **Carrier Global Corp.** | **Carrier Global Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 02/15/30 *(a)* | 465000 | 434914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 02/15/31 *(a)(d)* | 175000 | 160678 |
| **Caterpillar Financial Services Corp.** | **Caterpillar Financial Services Corp.** | **Caterpillar Financial Services Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/14/27  | 265000 | 267690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 08/12/27  | 155000 | 154251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 09/14/27  | 180000 | 172724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 10/15/27  | 165000 | 165812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/27  | 205000 | 206841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 01/10/28  | 120000 | 119383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/03/28  | 100000 | 100532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 08/15/28  | 150000 | 149906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 11/14/28  | 230000 | 228926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/27/29  | 195000 | 198586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 08/16/29  | 190000 | 190832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 11/15/29  | 265000 | 268853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/08/30  | 145000 | 148457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/08/31  | 120000 | 118931 |
| **Caterpillar, Inc.** | **Caterpillar, Inc.** | **Caterpillar, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 09/19/29 *(a)* | 85000 | 80661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 04/09/30 *(a)* | 250000 | 234742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 03/12/31 *(a)* | 110000 | 98104 |
| **CNH Industrial Capital LLC** | **CNH Industrial Capital LLC** | **CNH Industrial Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/08/27 *(a)* | 140000 | 140003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/21/28 *(a)* | 110000 | 110650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/10/28 *(a)* | 130000 | 130100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/12/29 *(a)* | 140000 | 143590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/20/29 *(a)* | 175000 | 177366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/16/30 *(a)* | 125000 | 123579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/07/31 *(a)* | 120000 | 117292 |
| **CNH Industrial NV** | **CNH Industrial NV** | **CNH Industrial NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 11/15/27 *(a)* | 130000 | 128961 |
| **CRH America Finance, Inc.** | **CRH America Finance, Inc.** | **CRH America Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/09/31 *(a)* | 250000 | 246847 |
| **CRH SMW Finance DAC** | **CRH SMW Finance DAC** | **CRH SMW Finance DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/21/29 *(a)* | 250000 | 255627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/09/30 *(a)* | 210000 | 213667 |
| **Deere & Co.** | **Deere & Co.** | **Deere & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 10/16/29  | 145000 | 150567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 04/15/30 *(a)* | 175000 | 167156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 03/03/31  | 80000 | 89557 |
| **Deere Funding Canada Corp.** | **Deere Funding Canada Corp.** | **Deere Funding Canada Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/09/30 *(a)* | 135000 | 133362 |
| **Dover Corp.** | **Dover Corp.** | **Dover Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 11/04/29 *(a)* | 105000 | 99730 |
| **Eaton Capital ULC** | **Eaton Capital ULC** | **Eaton Capital ULC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/09/30 *(a)* | 205000 | 205166 |
| **Eaton Corp.** | **Eaton Corp.** | **Eaton Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 09/15/27 *(a)* | 190000 | 187395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/06/28  | 300000 | 297948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/18/28 *(a)* | 100000 | 100224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/06/29 *(a)* | 300000 | 297048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/06/31 *(a)* | 370000 | 364890 |
| **Emerson Electric Co.** | **Emerson Electric Co.** | **Emerson Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 10/15/27 *(a)* | 35000 | 33851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/21/28 *(a)* | 285000 | 269733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 10/15/30 *(a)* | 205000 | 184584 |
| **Ferguson Enterprises, Inc.** | **Ferguson Enterprises, Inc.** | **Ferguson Enterprises, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/15/31 *(a)* | 180000 | 177278 |

---

**107**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Flowserve Corp.** | **Flowserve Corp.** | **Flowserve Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/01/30 *(a)* | 110000 | 103576 |
| **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 09/15/29 *(a)* | 125000 | 119268 |
| **GE Vernova, Inc.** | **GE Vernova, Inc.** | **GE Vernova, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/04/31 *(a)* | 150000 | 148326 |
| **General Dynamics Corp.** | **General Dynamics Corp.** | **General Dynamics Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/27 *(a)* | 155000 | 154213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 11/15/27 *(a)* | 190000 | 185894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/28 *(a)* | 215000 | 213830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/01/30 *(a)* | 270000 | 262192 |
| **General Electric Co.** | **General Electric Co.** | **General Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/29/30 *(a)* | 225000 | 224554 |
| **HEICO Corp.** | **HEICO Corp.** | **HEICO Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/01/28 *(a)* | 150000 | 152894 |
| **Honeywell Aerospace, Inc.** | **Honeywell Aerospace, Inc.** | **Honeywell Aerospace, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/16/28 *(d)* | 310000 | 307849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/16/29 *(a)(d)* | 310000 | 307284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/16/31 *(a)(d)* | 490000 | 485129 |
| **Honeywell International, Inc.** | **Honeywell International, Inc.** | **Honeywell International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 08/15/29 *(a)* | 205000 | 194479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 06/01/30 *(a)* | 230000 | 208601 |
| **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 01/15/28  | 95000 | 99019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/29 *(a)* | 130000 | 125450 |
| **Hubbell, Inc.** | **Hubbell, Inc.** | **Hubbell, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/27 *(a)* | 90000 | 88602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/28 *(a)* | 100000 | 98606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/15/31 *(a)* | 70000 | 63480 |
| **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.48%, 12/01/27 *(a)* | 135000 | 132917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.04%, 08/16/28 *(a)* | 140000 | 132737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/30 *(a)* | 135000 | 137661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/01/30 *(a)* | 140000 | 137523 |
| **IDEX Corp.** | **IDEX Corp.** | **IDEX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/01/29 *(a)* | 115000 | 116370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/01/30 *(a)* | 155000 | 145844 |
| **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/15/27 *(a)* | 155000 | 156401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/14/28 *(a)* | 100000 | 102312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.18%, 06/15/29 *(a)* | 200000 | 204774 |
| **John Deere Capital Corp.** | **John Deere Capital Corp.** | **John Deere Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/11/27  | 180000 | 181827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/15/27  | 175000 | 175551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 09/08/27  | 120000 | 117900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/15/27  | 170000 | 170357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 01/06/28  | 115000 | 113105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/07/28  | 120000 | 121121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/20/28  | 235000 | 238257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/03/28  | 230000 | 234055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 03/06/28  | 125000 | 119234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/05/28  | 230000 | 230941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/14/28  | 350000 | 356867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/16/29  | 260000 | 262545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/07/29  | 150000 | 147222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/09/29  | 170000 | 168793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/18/29  | 170000 | 165762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/11/29  | 210000 | 213940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 07/18/29  | 220000 | 210437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/11/29  | 105000 | 107872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/09/30  | 145000 | 136349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 06/05/30  | 150000 | 151031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/10/30  | 190000 | 192656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/15/30  | 130000 | 129926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 01/15/31  | 155000 | 136189 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/07/31  | 220000 | 224611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/10/31  | 120000 | 118856 |
| **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/19/29 *(a)* | 205000 | 211785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/15/30 *(a)* | 120000 | 106672 |
| **Kennametal, Inc.** | **Kennametal, Inc.** | **Kennametal, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/15/28 *(a)* | 80000 | 80338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 03/01/31 *(a)* | 70000 | 63335 |
| **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/15/28 *(a)* | 380000 | 380264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/01/29 *(a)* | 280000 | 284897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/15/29 *(a)* | 100000 | 94447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 01/15/31 *(a)* | 140000 | 122625 |
| **Leggett & Platt, Inc.** | **Leggett & Platt, Inc.** | **Leggett & Platt, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/27 *(a)* | 120000 | 117463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/29 *(a)* | 135000 | 131946 |
| **Lennox International, Inc.** | **Lennox International, Inc.** | **Lennox International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 08/01/27 *(a)* | 135000 | 130522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/15/28 *(a)* | 115000 | 117231 |
| **Lockheed Martin Corp.** | **Lockheed Martin Corp.** | **Lockheed Martin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 11/15/27 *(a)(e)* | 190000 | 193276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/15/28 *(a)* | 145000 | 145937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/15/28 *(a)* | 85000 | 85087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/29 *(a)* | 185000 | 186526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 06/15/30 *(a)* | 110000 | 99459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 08/15/30 *(a)* | 215000 | 215310 |
| **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 06/01/27 *(a)* | 85000 | 84042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/15/27 *(a)* | 105000 | 103510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/15/30 *(a)* | 145000 | 134237 |
| **Masco Corp.** | **Masco Corp.** | **Masco Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/27 *(a)* | 130000 | 128202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/15/28 *(a)* | 185000 | 175219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 10/01/30 *(a)* | 110000 | 97881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 02/15/31 *(a)* | 125000 | 110370 |
| **Mohawk Industries, Inc.** | **Mohawk Industries, Inc.** | **Mohawk Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 09/18/28 *(a)* | 175000 | 180094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 05/15/30 *(a)* | 105000 | 100678 |
| **Nordson Corp.** | **Nordson Corp.** | **Nordson Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/15/28 *(a)* | 100000 | 102283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/15/29 *(a)* | 135000 | 134853 |
| **Northrop Grumman Corp.** | **Northrop Grumman Corp.** | **Northrop Grumman Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/28 *(a)* | 535000 | 525830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/01/29 *(a)* | 95000 | 95658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/01/30 *(a)* | 235000 | 234471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/15/30 *(a)* | 100000 | 100665 |
| **nVent Finance SARL** | **nVent Finance SARL** | **nVent Finance SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/15/28 *(a)* | 125000 | 124753 |
| **Oshkosh Corp.** | **Oshkosh Corp.** | **Oshkosh Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/28 *(a)* | 95000 | 95078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 03/01/30 *(a)(e)* | 85000 | 79964 |
| **Otis Worldwide Corp.** | **Otis Worldwide Corp.** | **Otis Worldwide Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.29%, 04/05/27 *(a)* | 130000 | 127482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/16/28 *(a)* | 195000 | 199046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57%, 02/15/30 *(a)* | 360000 | 334256 |
| **Owens Corning** | **Owens Corning** | **Owens Corning** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/27 *(a)* | 70000 | 70881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/15/29 *(a)* | 130000 | 127806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/30 *(a)* | 100000 | 96137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 06/01/30 *(a)* | 75000 | 72630 |
| **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/27 *(a)* | 245000 | 245061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/14/29 *(a)* | 210000 | 203633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/29 *(a)* | 260000 | 261563 |

---

**108**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Pentair Finance SARL** | **Pentair Finance SARL** | **Pentair Finance SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/29 *(a)* | 105000 | 104467 |
| **Regal Rexnord Corp.** | **Regal Rexnord Corp.** | **Regal Rexnord Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 04/15/28 *(a)* | 345000 | 354001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 02/15/30 *(a)* | 240000 | 251669 |
| **Republic Services, Inc.** | **Republic Services, Inc.** | **Republic Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/15/27 *(a)* | 160000 | 158061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 05/15/28 *(a)* | 125000 | 124316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/01/29 *(a)* | 195000 | 197993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/29 *(a)* | 100000 | 102173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/01/30 *(a)* | 180000 | 166246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/30 *(a)* | 165000 | 167069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 02/15/31 *(a)* | 175000 | 151741 |
| **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/29 *(a)* | 100000 | 98234 |
| **RTX Corp.** | **RTX Corp.** | **RTX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 05/04/27 *(a)* | 255000 | 251830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 08/15/27  | 115000 | 119580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/16/28 *(a)* | 760000 | 757142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/29 *(a)* | 165000 | 171204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 09/15/29  | 135000 | 148303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 07/01/30 *(a)* | 195000 | 178505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/15/31 *(a)* | 260000 | 276354 |
| **Sonoco Products Co.** | **Sonoco Products Co.** | **Sonoco Products Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/01/29 *(a)* | 145000 | 144697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 05/01/30 *(a)* | 100000 | 94083 |
| **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** | **Spirit AeroSystems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/15/28 *(a)* | 150000 | 150090 |
| **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/06/28 *(a)* | 105000 | 108260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/28 *(a)* | 150000 | 149754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/15/30 *(a)* | 170000 | 155292 |
| **Textron, Inc.** | **Textron, Inc.** | **Textron, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/01/28 *(a)* | 170000 | 167039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 09/17/29 *(a)* | 65000 | 63650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/01/30 *(a)* | 160000 | 150789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 03/15/31 *(a)* | 110000 | 99215 |
| **Timken Co.** | **Timken Co.** | **Timken Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 12/15/28 *(a)* | 110000 | 109861 |
| **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/21/29 *(a)* | 145000 | 143253 |
| **Trane Technologies Holdco, Inc.** | **Trane Technologies Holdco, Inc.** | **Trane Technologies Holdco, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/21/28 *(a)* | 165000 | 163645 |
| **Tyco Electronics Group SA** | **Tyco Electronics Group SA** | **Tyco Electronics Group SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/15/27 *(a)* | 155000 | 152883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/01/30 *(a)* | 70000 | 70788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/09/31 *(a)* | 150000 | 149885 |
| **Veralto Corp.** | **Veralto Corp.** | **Veralto Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 09/18/28 *(a)* | 215000 | 219595 |
| **Vontier Corp.** | **Vontier Corp.** | **Vontier Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 04/01/28 *(a)* | 140000 | 134249 |
| **Vulcan Materials Co.** | **Vulcan Materials Co.** | **Vulcan Materials Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/01/27 *(a)* | 65000 | 64794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/01/29 *(a)* | 140000 | 142204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/30 *(a)* | 130000 | 124792 |
| **Waste Connections, Inc.** | **Waste Connections, Inc.** | **Waste Connections, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/01/28 *(a)* | 120000 | 120056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/01/29 *(a)* | 125000 | 122751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 02/01/30 *(a)* | 145000 | 136507 |
| **Waste Management, Inc.** | **Waste Management, Inc.** | **Waste Management, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/03/27 *(a)* | 200000 | 201958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 11/15/27 *(a)* | 195000 | 192172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 03/15/28 *(a)* | 160000 | 151086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 *(a)* | 265000 | 266765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/15/29 *(a)* | 75000 | 74281 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/29 *(a)* | 200000 | 203358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 06/01/29 *(a)* | 125000 | 116576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/30 *(a)* | 190000 | 191839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/30 *(a)* | 185000 | 186754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 03/15/31 *(a)* | 210000 | 182622 |
| **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/15/28 *(a)(f)* | 375000 | 376102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/29/30 *(a)* | 80000 | 80884 |
| **Xylem, Inc.** | **Xylem, Inc.** | **Xylem, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 01/30/28 *(a)* | 140000 | 134415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/30/31 *(a)* | 110000 | 99089 |
|  |  | **42555551** |
| ***Communications 5.0%***  | ***Communications 5.0%***  | ***Communications 5.0%***  |
| **America Movil SAB de CV** | **America Movil SAB de CV** | **America Movil SAB de CV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/22/29 *(a)* | 300000 | 291945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/07/30 *(a)* | 270000 | 251502 |
| **American Tower Corp.** | **American Tower Corp.** | **American Tower Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 07/15/27 *(a)* | 190000 | 187944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 01/15/28 *(a)* | 165000 | 162542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 01/31/28 *(a)* | 175000 | 165907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/28 *(a)* | 135000 | 137483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/28 *(a)* | 130000 | 132274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 11/15/28 *(a)* | 170000 | 175263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/29 *(a)* | 150000 | 152552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/15/29 *(a)* | 200000 | 196862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 08/15/29 *(a)* | 425000 | 414719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 01/15/30 *(a)* | 185000 | 173856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/31/30 *(a)* | 140000 | 141705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/30 *(a)* | 230000 | 231994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 06/15/30 *(a)* | 180000 | 162169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 10/15/30 *(a)* | 170000 | 150166 |
| **AppLovin Corp.** | **AppLovin Corp.** | **AppLovin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 12/01/29 *(a)* | 275000 | 276491 |
| **AT&T, Inc.** | **AT&T, Inc.** | **AT&T, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/01/27 *(a)* | 600000 | 586728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 02/01/28 *(a)* | 550000 | 524007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/15/28 *(a)* | 425000 | 423066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/01/29 *(a)* | 730000 | 730715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/15/30 *(a)* | 785000 | 779976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 08/15/30 *(a)* | 275000 | 277423 |
| **British Telecommunications PLC** | **British Telecommunications PLC** | **British Telecommunications PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 12/04/28 *(a)* | 245000 | 248775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 12/15/30 *(f)* | 600000 | 717054 |
| **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 02/15/28 *(a)* | 260000 | 255544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/28 *(a)* | 255000 | 252731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/15/29 *(a)* | 280000 | 261736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/30/29 *(a)* | 320000 | 321690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 06/01/29 *(a)* | 415000 | 429973 |
| **Comcast Corp.** | **Comcast Corp.** | **Comcast Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 *(a)* | 150000 | 148497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 02/15/28 *(a)* | 345000 | 338555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 05/01/28 *(a)* | 235000 | 231696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/15/28 *(a)* | 830000 | 827120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/15/29 *(a)* | 245000 | 246916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/01/29 *(a)* | 140000 | 143332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 02/01/30 *(a)* | 455000 | 426294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 04/01/30 *(a)* | 410000 | 393838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/15/30 *(a)* | 385000 | 381108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 01/15/31 *(a)* | 330000 | 292967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/15/31 *(a)* | 375000 | 325271 |
| **Crown Castle, Inc.** | **Crown Castle, Inc.** | **Crown Castle, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 09/01/27 *(a)* | 255000 | 251983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/11/28 *(a)* | 300000 | 302322 |

---

**109**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/15/28 *(a)* | 235000 | 231797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/01/28 *(a)* | 185000 | 186058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/15/29 *(a)* | 150000 | 148319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/01/29 *(a)* | 165000 | 169026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/01/29 *(a)* | 150000 | 150819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 11/15/29 *(a)* | 140000 | 132198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 07/01/30 *(a)* | 205000 | 192304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/15/31 *(a)* | 240000 | 212366 |
| **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 06/15/30 *(f)* | 850000 | 976811 |
| **Fox Corp.** | **Fox Corp.** | **Fox Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 01/25/29 *(a)* | 510000 | 511800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/08/30 *(a)* | 150000 | 144044 |
| **Frontier Communications Holdings LLC** | **Frontier Communications Holdings LLC** | **Frontier Communications Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/01/29 *(a)* | 190000 | 191357 |
| **Frontier Florida LLC** | **Frontier Florida LLC** | **Frontier Florida LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.86%, 02/01/28  | 80000 | 82657 |
| **Koninklijke KPN NV** | **Koninklijke KPN NV** | **Koninklijke KPN NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 10/01/30  | 175000 | 201556 |
| **Meta Platforms, Inc.** | **Meta Platforms, Inc.** | **Meta Platforms, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 08/15/27 *(a)* | 680000 | 675628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/28 *(a)* | 350000 | 353878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/15/29 *(a)* | 260000 | 261092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/30 *(a)* | 250000 | 253945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/15/30 *(a)* | 1000000 | 989980 |
| **Netflix, Inc.** | **Netflix, Inc.** | **Netflix, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/15/28  | 420000 | 425552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/15/28  | 520000 | 541237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/15/29  | 195000 | 206690 |
| **Omnicom Group, Inc.** | **Omnicom Group, Inc.** | **Omnicom Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/01/28 *(a)* | 110000 | 110198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/02/29 *(a)* | 100000 | 98910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/30/30 *(a)* | 150000 | 150806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 04/30/30 *(a)* | 135000 | 123980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/01/30 *(a)* | 180000 | 176926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/01/31 *(a)* | 100000 | 89609 |
| **Orange SA** | **Orange SA** | **Orange SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.00%, 03/01/31  | 600000 | 709176 |
| **Rogers Communications, Inc.** | **Rogers Communications, Inc.** | **Rogers Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/29 *(a)* | 260000 | 262665 |
| **Sprint Capital Corp.** | **Sprint Capital Corp.** | **Sprint Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/15/28  | 620000 | 655501 |
| **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/14/27 *(a)* | 205000 | 203159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/28/28 *(a)* | 190000 | 191723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/12/29 *(a)* | 90000 | 91988 |
| **TCI Communications, Inc.** | **TCI Communications, Inc.** | **TCI Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 02/15/28  | 100000 | 105034 |
| **Telefonica Europe BV** | **Telefonica Europe BV** | **Telefonica Europe BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 09/15/30  | 310000 | 351146 |
| **TELUS Corp.** | **TELUS Corp.** | **TELUS Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 09/15/27 *(a)* | 125000 | 123553 |
| **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/15/27 *(a)* | 1050000 | 1043773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 02/15/28 *(a)* | 510000 | 489279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/28 *(a)* | 175000 | 176939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 07/15/28 *(a)* | 220000 | 222149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/15/29 *(a)* | 245000 | 247769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 02/15/29 *(a)* | 230000 | 218716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/29 *(a)* | 135000 | 127472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/15/29 *(a)* | 500000 | 484830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/01/29 *(a)* | 195000 | 193721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/15/30 *(a)* | 1710000 | 1665301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 02/15/31 *(a)* | 550000 | 499917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 02/15/31 *(a)* | 250000 | 230330 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/15/27  | 245000 | 241969 |
| **Verizon Communications, Inc.** | **Verizon Communications, Inc.** | **Verizon Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 03/22/28 *(a)(e)* | 550000 | 528182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.33%, 09/21/28  | 705000 | 705303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 02/08/29 *(a)* | 265000 | 262493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 12/03/29 *(a)* | 845000 | 833854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 03/22/30 *(a)* | 265000 | 252354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 09/18/30 *(a)* | 255000 | 223847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.68%, 10/30/30 *(a)* | 210000 | 185533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 12/01/30  | 135000 | 152462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 01/20/31 *(a)* | 535000 | 469810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/21/31 *(a)* | 930000 | 844533 |
| **Vodafone Group PLC** | **Vodafone Group PLC** | **Vodafone Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 02/15/30  | 190000 | 212620 |
| **Walt Disney Co.** | **Walt Disney Co.** | **Walt Disney Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 01/13/28  | 275000 | 266522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/14/29  | 225000 | 222410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 09/01/29 *(a)* | 535000 | 498304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/22/30  | 300000 | 294798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/13/31  | 620000 | 575521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/14/31  | 370000 | 364287 |
| **Weibo Corp.** | **Weibo Corp.** | **Weibo Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 07/08/30 *(a)* | 210000 | 197488 |
|  |  | **37140665** |
| ***Consumer Cyclical 8.8%***  | ***Consumer Cyclical 8.8%***  | ***Consumer Cyclical 8.8%***  |
| **Airbnb, Inc.** | **Airbnb, Inc.** | **Airbnb, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/16/29 *(a)* | 210000 | 209763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/16/31 *(a)* | 210000 | 209660 |
| **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 12/06/27 *(a)* | 640000 | 632211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/26/30 *(a)* | 300000 | 306726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 02/09/31 *(a)* | 400000 | 361296 |
| **Amazon.com, Inc.** | **Amazon.com, Inc.** | **Amazon.com, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/13/27 *(a)* | 435000 | 431994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 06/03/27 *(a)* | 310000 | 300198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/22/27 *(a)* | 870000 | 859595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 12/01/27 *(a)* | 515000 | 519558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/13/28  | 560000 | 557777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 05/12/28 *(a)* | 650000 | 618839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/20/28 *(a)* | 560000 | 557609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/13/29 *(a)* | 740000 | 736278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 04/13/29 *(a)* | 465000 | 455881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 12/01/29 *(a)* | 410000 | 416175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 06/03/30 *(a)* | 495000 | 442773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/20/30 *(a)* | 560000 | 553706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/13/31 *(a)* | 1230000 | 1221009 |
| **American Honda Finance Corp.** | **American Honda Finance Corp.** | **American Honda Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/09/27  | 100000 | 100084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/09/27  | 170000 | 170831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 10/22/27  | 150000 | 149865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/12/28  | 150000 | 150425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/15/28  | 120000 | 117743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/03/28  | 215000 | 215095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/24/28  | 210000 | 200061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/07/28  | 200000 | 202190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/01/28  | 155000 | 153799 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/15/28  | 200000 | 205026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/08/29  | 195000 | 192596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/12/29  | 155000 | 145322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/13/29  | 240000 | 241622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/05/29  | 220000 | 218097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/05/30  | 150000 | 150119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/17/30  | 175000 | 173611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/04/30  | 195000 | 192172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 10/04/30  | 110000 | 114211 |

---

**110**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 01/08/31  | 140000 | 137305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 01/13/31  | 120000 | 103807 |
| **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/13/29 *(a)* | 200000 | 203746 |
| **AutoNation, Inc.** | **AutoNation, Inc.** | **AutoNation, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/15/27 *(a)* | 125000 | 123399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 08/01/28 *(a)* | 160000 | 150739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 01/15/29 *(a)* | 130000 | 128968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/01/30 *(a)* | 115000 | 114364 |
| **AutoZone, Inc.** | **AutoZone, Inc.** | **AutoZone, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/01/27 *(a)* | 185000 | 183735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/01/28 *(a)* | 120000 | 120334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/01/28 *(a)* | 105000 | 109656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/18/29 *(a)* | 20000 | 19588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/15/29 *(a)* | 145000 | 147494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/30 *(a)* | 150000 | 146579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/15/30 *(a)* | 115000 | 117086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/15/31 *(a)* | 170000 | 147752 |
| **Best Buy Co., Inc.** | **Best Buy Co., Inc.** | **Best Buy Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 10/01/28 *(a)* | 190000 | 190199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 10/01/30 *(a)* | 130000 | 115782 |
| **Block Financial LLC** | **Block Financial LLC** | **Block Financial LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/15/28 *(a)* | 170000 | 160618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 08/15/30 *(a)* | 155000 | 146148 |
| **Booking Holdings, Inc.** | **Booking Holdings, Inc.** | **Booking Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/15/28 *(a)* | 130000 | 128471 |
| **BorgWarner, Inc.** | **BorgWarner, Inc.** | **BorgWarner, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 07/01/27 *(a)* | 275000 | 269159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/29 *(a)* | 130000 | 131539 |
| **CBRE Services, Inc.** | **CBRE Services, Inc.** | **CBRE Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/29 *(a)* | 195000 | 199772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/15/30 *(a)* | 110000 | 110266 |
| **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 12/01/29 *(a)* | 90000 | 86269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 01/15/31 *(a)* | 110000 | 103278 |
| **Costco Wholesale Corp.** | **Costco Wholesale Corp.** | **Costco Wholesale Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/18/27 *(a)* | 260000 | 257707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 06/20/27 *(a)* | 345000 | 334622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 04/20/30 *(a)* | 410000 | 370935 |
| **Cummins, Inc.** | **Cummins, Inc.** | **Cummins, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/09/28 *(a)* | 75000 | 75179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/20/29 *(a)* | 130000 | 132253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 09/01/30 *(a)* | 200000 | 177158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/15/31 *(a)(e)* | 150000 | 151629 |
| **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 05/01/27 *(a)* | 145000 | 144068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 10/15/27 *(a)* | 65000 | 64882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/15/29 *(a)* | 100000 | 99858 |
| **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/29 *(a)(d)* | 100000 | 97373 |
| **Dollar General Corp.** | **Dollar General Corp.** | **Dollar General Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/01/28 *(a)* | 140000 | 139156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/05/28 *(a)* | 150000 | 151893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/03/30 *(a)* | 210000 | 200187 |
| **Dollar Tree, Inc.** | **Dollar Tree, Inc.** | **Dollar Tree, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/15/28 *(a)* | 300000 | 298104 |
| **DR Horton, Inc.** | **DR Horton, Inc.** | **DR Horton, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 10/15/27 *(a)* | 140000 | 134152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/30 *(a)* | 110000 | 110968 |
| **eBay, Inc.** | **eBay, Inc.** | **eBay, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 06/05/27 *(a)* | 190000 | 188362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 11/22/27 *(a)* | 115000 | 117669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/06/29 *(a)* | 130000 | 129436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/11/30 *(a)* | 250000 | 233015 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Expedia Group, Inc.** | **Expedia Group, Inc.** | **Expedia Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/01/27 *(a)* | 245000 | 245228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/15/28 *(a)* | 165000 | 162850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/15/30 *(a)* | 320000 | 302794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/15/31 *(a)* | 110000 | 100890 |
| **Ford Motor Co.** | **Ford Motor Co.** | **Ford Motor Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/01/28  | 85000 | 87945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.63%, 04/22/30 *(a)* | 70000 | 79705 |
| **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/17/27 *(a)* | 300000 | 302229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/28/27 *(a)* | 425000 | 424885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 08/17/27 *(a)* | 355000 | 350580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 11/02/27 *(a)* | 235000 | 230474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 11/04/27 *(a)* | 280000 | 288968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 02/16/28 *(a)* | 225000 | 216085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.92%, 03/20/28 *(a)* | 200000 | 202604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 05/12/28 *(a)* | 385000 | 396669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 11/07/28 *(a)* | 490000 | 507826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 02/10/29 *(a)* | 120000 | 112213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/08/29 *(a)* | 420000 | 425019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 04/06/29 *(a)* | 420000 | 414926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 05/03/29 *(a)* | 330000 | 327142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/06/29 *(a)* | 255000 | 253860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/07/29 *(a)* | 390000 | 394735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 03/06/30 *(a)* | 275000 | 290403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 06/10/30 *(a)* | 280000 | 294935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 09/05/30 *(a)* | 305000 | 304857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/13/30 *(a)* | 350000 | 326168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 03/05/31 *(a)* | 250000 | 252590 |
| **General Motors Co.** | **General Motors Co.** | **General Motors Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/01/27 *(a)* | 175000 | 174157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 10/01/27 *(a)* | 230000 | 236610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/15/28 *(a)* | 185000 | 187721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/28 *(a)* | 185000 | 186473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/15/29 *(a)* | 215000 | 219831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/15/30 *(a)* | 150000 | 154233 |
| **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/09/27 *(a)* | 380000 | 381813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/08/27  | 255000 | 257371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/27  | 135000 | 135792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/15/27  | 330000 | 333155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 08/20/27 *(a)* | 215000 | 209801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 01/05/28 *(a)* | 95000 | 93864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/09/28 *(a)* | 230000 | 235205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/04/28  | 380000 | 383439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 04/10/28 *(a)* | 210000 | 201436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 06/23/28 *(a)* | 335000 | 343211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 10/15/28 *(a)* | 275000 | 260675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/27/28  | 220000 | 217851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/07/29 *(a)* | 400000 | 411788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/17/29 *(a)* | 160000 | 163728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 04/06/29 *(a)* | 355000 | 351468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 07/15/29 *(a)* | 335000 | 342963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/06/29 *(a)* | 230000 | 231214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/07/30 *(a)* | 315000 | 320761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/06/30 *(a)* | 250000 | 258997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 06/21/30 *(a)* | 255000 | 242798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/15/30 *(a)* | 250000 | 255940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 01/08/31 *(a)* | 270000 | 240616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/08/31 *(a)* | 220000 | 216922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/08/31 *(a)* | 150000 | 154754 |
| **Genuine Parts Co.** | **Genuine Parts Co.** | **Genuine Parts Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/01/28 *(a)* | 150000 | 155528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/29 *(a)* | 100000 | 99649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 11/01/30 *(a)* | 150000 | 129453 |

---

**111**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/01/28 *(a)* | 115000 | 116901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/15/29 *(a)* | 180000 | 181760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/30 *(a)* | 180000 | 173059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/31 *(a)* | 160000 | 151464 |
| **Home Depot, Inc.** | **Home Depot, Inc.** | **Home Depot, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/15/27 *(a)* | 210000 | 206724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 04/15/27 *(a)* | 210000 | 207467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/25/27 *(a)* | 255000 | 257468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 09/14/27 *(a)* | 180000 | 177097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.90%, 03/15/28 *(a)* | 190000 | 179107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 09/15/28 *(a)* | 270000 | 254632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/15/28 *(a)* | 110000 | 109365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 12/06/28 *(a)* | 225000 | 224077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/15/29 *(a)* | 235000 | 239594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/15/29 *(a)* | 505000 | 486068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/25/29 *(a)* | 275000 | 279405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/15/30 *(a)* | 320000 | 301110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/15/30 *(a)* | 210000 | 207457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 03/15/31 *(a)* | 270000 | 233501 |
| **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 07/08/28 *(a)* | 40000 | 39910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 07/08/30 *(a)* | 270000 | 267956 |
| **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/30/28 *(a)* | 90000 | 90950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 09/15/28 *(a)* | 160000 | 158931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/30/29 *(a)* | 170000 | 172788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/23/30 *(a)(g)* | 105000 | 108107 |
| **JD.com, Inc.** | **JD.com, Inc.** | **JD.com, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 01/14/30 *(a)* | 200000 | 193472 |
| **Jones Lang LaSalle, Inc.** | **Jones Lang LaSalle, Inc.** | **Jones Lang LaSalle, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 12/01/28 *(a)* | 90000 | 95068 |
| **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 06/01/27 *(a)* | 280000 | 283724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 06/15/28 *(a)* | 60000 | 60825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 08/08/29 *(a)* | 230000 | 222056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/15/29 *(a)* | 140000 | 144070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/14/30 *(a)* | 125000 | 128791 |
| **Lear Corp.** | **Lear Corp.** | **Lear Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/15/27 *(a)* | 175000 | 173448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/29 *(a)* | 105000 | 103523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/30/30 *(a)* | 65000 | 61895 |
| **Lennar Corp.** | **Lennar Corp.** | **Lennar Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/27 *(a)* | 130000 | 130330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/29/27 *(a)* | 140000 | 140295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/30/30 *(a)* | 160000 | 161883 |
| **LKQ Corp.** | **LKQ Corp.** | **LKQ Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/15/28 *(a)* | 220000 | 223975 |
| **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/01/27 *(a)* | 220000 | 218086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/03/27 *(a)* | 355000 | 350868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 10/15/27  | 140000 | 139577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 04/15/28 *(a)* | 255000 | 240353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 09/15/28 *(a)* | 265000 | 249079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/28 *(a)* | 200000 | 198406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/29  | 100000 | 105578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 04/05/29 *(a)* | 385000 | 376715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/30 *(a)* | 265000 | 265482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 10/15/30 *(a)* | 325000 | 286955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/31 *(a)* | 200000 | 196608 |
| **Magna International, Inc.** | **Magna International, Inc.** | **Magna International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/14/29 *(a)* | 110000 | 111580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 06/15/30 *(a)* | 155000 | 142422 |
| **Marriott International, Inc.** | **Marriott International, Inc.** | **Marriott International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 07/15/27  | 160000 | 159854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/27 *(a)* | 185000 | 186726 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/28 *(a)* | 180000 | 178681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 10/15/28 *(a)* | 175000 | 179648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 12/01/28 *(a)* | 70000 | 70391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/15/29 *(a)* | 225000 | 227612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/15/29 *(a)* | 95000 | 96061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/30 *(a)* | 125000 | 126088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/15/30 *(a)* | 230000 | 230207 |
| **McDonald's Corp.** | **McDonald's Corp.** | **McDonald's Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/01/27 *(a)* | 230000 | 228031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/01/28 *(a)* | 280000 | 278085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/14/28 *(a)* | 140000 | 141765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/17/29 *(a)* | 110000 | 112534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 09/01/29 *(a)* | 245000 | 232329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 03/01/30 *(a)* | 210000 | 193045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/30 *(a)* | 180000 | 181708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 07/01/30 *(a)* | 250000 | 243005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/12/31 *(a)* | 125000 | 124731 |
| **MercadoLibre, Inc.** | **MercadoLibre, Inc.** | **MercadoLibre, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 01/14/31 *(a)* | 200000 | 182488 |
| **Mercedes-Benz Finance North America LLC** | **Mercedes-Benz Finance North America LLC** | **Mercedes-Benz Finance North America LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 01/18/31  | 375000 | 435139 |
| **Meritage Homes Corp.** | **Meritage Homes Corp.** | **Meritage Homes Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/06/27 *(a)* | 80000 | 80235 |
| **NIKE, Inc.** | **NIKE, Inc.** | **NIKE, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 03/27/30 *(a)* | 380000 | 359054 |
| **NVR, Inc.** | **NVR, Inc.** | **NVR, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/30 *(a)* | 160000 | 150741 |
| **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/01/27 *(a)* | 175000 | 173268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/01/28 *(a)* | 195000 | 195136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/01/29 *(a)* | 125000 | 123114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/01/30 *(a)* | 105000 | 103791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 03/15/31 *(a)* | 110000 | 95953 |
| **PACCAR Financial Corp.** | **PACCAR Financial Corp.** | **PACCAR Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/13/27  | 100000 | 101065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/23/27  | 140000 | 140504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 08/06/27  | 215000 | 216372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/10/28  | 50000 | 50509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/03/28  | 45000 | 45389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/08/28  | 80000 | 79958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/10/28  | 70000 | 71324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/07/28  | 95000 | 94738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/31/29  | 140000 | 142017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 02/05/29  | 100000 | 99280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/26/29  | 135000 | 134201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/08/30  | 75000 | 75599 |
| **PulteGroup, Inc.** | **PulteGroup, Inc.** | **PulteGroup, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/01/31 *(a)* | 100000 | 97729 |
| **PVH Corp.** | **PVH Corp.** | **PVH Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/13/30 *(a)* | 150000 | 151455 |
| **Ralph Lauren Corp.** | **Ralph Lauren Corp.** | **Ralph Lauren Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/15/30 *(a)* | 135000 | 127278 |
| **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 10/15/27  | 25000 | 26074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/28 *(a)* | 180000 | 177224 |
| **Sands China Ltd.** | **Sands China Ltd.** | **Sands China Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/08/28 *(a)(g)* | 495000 | 498415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 03/08/29 *(a)(g)* | 200000 | 188334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/18/30 *(a)(g)* | 200000 | 192852 |
| **Sekisui House U.S., Inc.** | **Sekisui House U.S., Inc.** | **Sekisui House U.S., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 01/15/30 *(a)* | 90000 | 85868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/15/31 *(a)* | 80000 | 70804 |
| **Starbucks Corp.** | **Starbucks Corp.** | **Starbucks Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/28 *(a)* | 165000 | 162490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/28 *(a)* | 140000 | 140301 |

---

**112**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/28 *(a)* | 245000 | 243104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 08/15/29 *(a)* | 255000 | 248520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/12/30 *(a)* | 230000 | 210988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/30 *(a)* | 105000 | 106338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 11/15/30 *(a)* | 260000 | 238043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/15/31 *(a)* | 100000 | 101313 |
| **Tapestry, Inc.** | **Tapestry, Inc.** | **Tapestry, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 07/15/27 *(a)* | 105000 | 104518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/11/30 *(a)* | 200000 | 202360 |
| **Target Corp.** | **Target Corp.** | **Target Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/15/28 *(a)* | 140000 | 140731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/15/29 *(a)* | 250000 | 244362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 02/15/30 *(a)* | 195000 | 181664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 09/15/30 *(a)* | 135000 | 125639 |
| **TJX Cos., Inc.** | **TJX Cos., Inc.** | **TJX Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 05/15/28 *(a)* | 110000 | 103342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/15/30 *(a)* | 115000 | 113138 |
| **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 02/15/28 *(a)* | 160000 | 159478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/01/29 *(a)* | 110000 | 107076 |
| **Toyota Motor Corp.** | **Toyota Motor Corp.** | **Toyota Motor Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.19%, 06/30/27 *(a)* | 100000 | 100143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 07/13/28 *(a)* | 165000 | 168079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.67%, 07/20/28  | 115000 | 113889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.76%, 07/02/29  | 160000 | 152570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/30/30 *(a)* | 145000 | 145178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.36%, 03/25/31 *(a)* | 110000 | 99662 |
| **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/14/27  | 115000 | 115486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 08/13/27  | 154000 | 148076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/20/27  | 280000 | 281736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 10/08/27  | 295000 | 295876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/10/27  | 175000 | 178447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 01/11/28  | 145000 | 142381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/12/28  | 180000 | 178843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/12/28  | 240000 | 242467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 04/06/28  | 180000 | 172478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/05/28  | 240000 | 239266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/11/28  | 120000 | 122879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/05/29  | 205000 | 207116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 01/08/29  | 115000 | 113231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/13/29  | 280000 | 278452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/16/29  | 260000 | 265551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/29/29  | 215000 | 215793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/09/29  | 275000 | 276757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/09/30  | 155000 | 157695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 02/13/30  | 205000 | 188436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/01/30  | 220000 | 211350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/30  | 200000 | 202432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/17/30  | 185000 | 186112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/20/30  | 270000 | 281321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 01/10/31  | 150000 | 131463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 01/10/31  | 180000 | 177599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/21/31  | 230000 | 235331 |
| **Tractor Supply Co.** | **Tractor Supply Co.** | **Tractor Supply Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 11/01/30 *(a)* | 130000 | 114729 |
| **Uber Technologies, Inc.** | **Uber Technologies, Inc.** | **Uber Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/15/30 *(a)* | 310000 | 307421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/15/31 *(a)* | 240000 | 234859 |
| **UL Solutions, Inc.** | **UL Solutions, Inc.** | **UL Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/20/28 *(a)(d)* | 90000 | 94361 |
| **VICI Properties LP** | **VICI Properties LP** | **VICI Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/28 *(a)* | 285000 | 285422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/01/28 *(a)* | 165000 | 165284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/30 *(a)* | 220000 | 219571 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Walmart, Inc.** | **Walmart, Inc.** | **Walmart, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/05/27  | 185000 | 188929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/28/27  | 190000 | 190426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/09/27 *(a)* | 255000 | 255199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/15/28 *(a)* | 160000 | 159965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/26/28 *(a)* | 325000 | 323385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 09/22/28 *(a)* | 305000 | 287899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 07/08/29 *(a)* | 185000 | 180902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 09/24/29 *(a)(e)* | 120000 | 113450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.55%, 02/15/30  | 110000 | 123452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/30 *(a)* | 140000 | 139789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/28/30 *(a)* | 245000 | 247467 |
|  |  | **65152754** |
| ***Consumer Non-Cyclical 12.7%***  | ***Consumer Non-Cyclical 12.7%***  | ***Consumer Non-Cyclical 12.7%***  |
| **Abbott Laboratories** | **Abbott Laboratories** | **Abbott Laboratories** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.15%, 01/30/28 *(a)* | 150000 | 142487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/09/29 *(a)* | 500000 | 494070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 06/30/30 *(a)* | 185000 | 164533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/31 *(a)* | 610000 | 600264 |
| **AbbVie, Inc.** | **AbbVie, Inc.** | **AbbVie, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.78%, 03/03/28  | 350000 | 347644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/28 *(a)* | 285000 | 287679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/14/28 *(a)* | 485000 | 486436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/29 *(a)* | 555000 | 564052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/21/29 *(a)* | 1355000 | 1305217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/15/30 *(a)* | 325000 | 331571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/31 *(a)* | 310000 | 305648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/31 *(a)* | 510000 | 520996 |
| **Adventist Health System** | **Adventist Health System** | **Adventist Health System** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.74%, 12/01/30 *(a)* | 100000 | 99390 |
| **Advocate Health & Hospitals Corp.** | **Advocate Health & Hospitals Corp.** | **Advocate Health & Hospitals Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.83%, 08/15/28 *(a)* | 100000 | 99210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.21%, 06/15/30 *(a)* | 50000 | 45806 |
| **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/09/27 *(a)* | 165000 | 164777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/15/29 *(a)* | 175000 | 165886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 06/04/30 *(a)* | 80000 | 72480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/12/31 *(a)* | 190000 | 170392 |
| **Ahold Finance USA LLC** | **Ahold Finance USA LLC** | **Ahold Finance USA LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/01/29  | 130000 | 138900 |
| **Altria Group, Inc.** | **Altria Group, Inc.** | **Altria Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/04/28 *(a)* | 200000 | 201810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/01/28 *(a)* | 160000 | 166963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/14/29 *(a)* | 445000 | 448720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 05/06/30 *(a)* | 165000 | 157803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/06/30 *(a)* | 100000 | 99618 |
| **Amgen, Inc.** | **Amgen, Inc.** | **Amgen, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/02/27 *(a)* | 300000 | 295443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/02/28 *(a)* | 845000 | 857565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 08/15/28 *(a)* | 265000 | 249757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/22/29 *(a)* | 250000 | 241338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 08/18/29 *(a)* | 310000 | 307142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/21/30 *(a)* | 335000 | 311456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/02/30 *(a)* | 685000 | 703824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 02/19/31 *(a)* | 250000 | 246708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/25/31 *(a)* | 275000 | 248292 |
| **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/23/29 *(a)* | 790000 | 799859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/30 *(a)* | 420000 | 406379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/23/31 *(a)* | 190000 | 194457 |
| **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/27/30 *(a)* | 270000 | 258800 |

---

**113**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Ascension Health** | **Ascension Health** | **Ascension Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.08%, 11/15/28 *(a)* | 150000 | 149558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.53%, 11/15/29 *(a)* | 245000 | 230310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.29%, 11/15/30 *(a)* | 200000 | 198344 |
| **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/03/28 *(a)* | 300000 | 304887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 05/28/28 *(a)* | 295000 | 280778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/26/29 *(a)* | 255000 | 259274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/03/30 *(a)* | 160000 | 163355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/26/31 *(a)* | 200000 | 204404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/02/31 *(a)* | 160000 | 157272 |
| **AstraZeneca PLC** | **AstraZeneca PLC** | **AstraZeneca PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 06/12/27 *(a)* | 170000 | 168397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/17/29 *(a)* | 305000 | 304048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 08/06/30 *(a)(e)* | 395000 | 348844 |
| **Augusta SpinCo Corp.** | **Augusta SpinCo Corp.** | **Augusta SpinCo Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 09/23/27  | 160000 | 159923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/23/29 *(a)* | 150000 | 149597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.66%, 03/23/31 *(a)* | 180000 | 179113 |
| **Banner Health** | **Banner Health** | **Banner Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.34%, 01/01/30 *(a)* | 90000 | 83627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 01/01/31 *(a)* | 95000 | 84800 |
| **BAT Capital Corp.** | **BAT Capital Corp.** | **BAT Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/02/27 *(a)* | 160000 | 160371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.56%, 08/15/27 *(a)* | 580000 | 573742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.26%, 03/25/28 *(a)* | 450000 | 432229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.46%, 09/06/29 *(a)* | 215000 | 207772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 04/02/30 *(a)* | 295000 | 298366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 08/02/30 *(a)* | 200000 | 213490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 02/20/31 *(a)* | 225000 | 235649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.73%, 03/25/31 *(a)* | 280000 | 255884 |
| **BAT International Finance PLC** | **BAT International Finance PLC** | **BAT International Finance PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/16/28 *(a)* | 190000 | 190249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.93%, 02/02/29 *(a)* | 190000 | 197193 |
| **Baxter International, Inc.** | **Baxter International, Inc.** | **Baxter International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.27%, 12/01/28 *(a)* | 320000 | 298214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/15/29 *(a)* | 125000 | 123459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/01/30 *(a)* | 100000 | 95910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/15/30 *(a)* | 205000 | 202269 |
| **Baylor Scott & White Holdings** | **Baylor Scott & White Holdings** | **Baylor Scott & White Holdings** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.78%, 11/15/30 *(a)* | 70000 | 62292 |
| **Becton Dickinson & Co.** | **Becton Dickinson & Co.** | **Becton Dickinson & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/06/27 *(a)* | 380000 | 376952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 02/13/28 *(a)* | 200000 | 201006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 02/08/29 *(a)* | 160000 | 161760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.82%, 05/20/30 *(a)* | 175000 | 163359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.96%, 02/11/31 *(a)* | 250000 | 220515 |
| **Biogen, Inc.** | **Biogen, Inc.** | **Biogen, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 05/01/30 *(a)* | 370000 | 338039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 01/15/31 *(a)* | 100000 | 102001 |
| **Bon Secours Mercy Health, Inc.** | **Bon Secours Mercy Health, Inc.** | **Bon Secours Mercy Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/01/28 *(a)* | 65000 | 64962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.46%, 06/01/30 *(a)* | 100000 | 97173 |
| **Boston Scientific Corp.** | **Boston Scientific Corp.** | **Boston Scientific Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/28 *(a)* | 130000 | 129643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/01/30 *(a)* | 285000 | 265629 |
| **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.13%, 11/13/27 *(a)* | 220000 | 210188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 11/15/27 *(a)* | 165000 | 163611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 02/20/28 *(a)* | 125000 | 124810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/22/29 *(a)* | 165000 | 168548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 07/26/29 *(a)* | 340000 | 331092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 11/13/30 *(a)* | 300000 | 264051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/31 *(a)* | 250000 | 264062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/22/31 *(a)(e)* | 325000 | 334282 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Brunswick Corp.** | **Brunswick Corp.** | **Brunswick Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/18/29 *(a)* | 100000 | 102358 |
| **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/21/27 *(a)* | 115000 | 115633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/25/27 *(a)* | 140000 | 138856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 01/07/28 *(a)* | 100000 | 99582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/17/29 *(a)* | 220000 | 217859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/04/30 *(a)* | 130000 | 129467 |
| **Campbell's Co.** | **Campbell's Co.** | **Campbell's Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/28 *(a)* | 255000 | 252310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/21/29 *(a)* | 180000 | 181778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 04/24/30 *(a)* | 100000 | 90016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/21/31 *(a)* | 130000 | 126006 |
| **Cardinal Health, Inc.** | **Cardinal Health, Inc.** | **Cardinal Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.41%, 06/15/27 *(a)* | 230000 | 227385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/29 *(a)* | 170000 | 172967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/29 *(a)* | 250000 | 253657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/30 *(a)* | 130000 | 129405 |
| **Cencora, Inc.** | **Cencora, Inc.** | **Cencora, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 12/15/27 *(a)* | 175000 | 172452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/15/27 *(a)* | 180000 | 180751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/13/29 *(a)* | 100000 | 98633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/15/29 *(a)* | 170000 | 172254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/15/30 *(a)* | 100000 | 93321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/30 *(a)* | 125000 | 122746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/15/31 *(a)* | 230000 | 209820 |
| **CHRISTUS Health** | **CHRISTUS Health** | **CHRISTUS Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 07/01/28 *(a)* | 95000 | 94746 |
| **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/01/27 *(a)* | 155000 | 152897 |
| **Cigna Group** | **Cigna Group** | **Cigna Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 10/15/27 *(a)* | 160000 | 157125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/15/28 *(a)* | 820000 | 819754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/29 *(a)* | 240000 | 244399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/30 *(a)* | 450000 | 415917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/30 *(a)* | 260000 | 259321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/31 *(a)* | 330000 | 296832 |
| **Clorox Co.** | **Clorox Co.** | **Clorox Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 10/01/27 *(a)* | 140000 | 137465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/15/28 *(a)* | 115000 | 114319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/01/29 *(a)* | 110000 | 109864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 05/15/30 *(a)* | 85000 | 76090 |
| **Coca-Cola Co.** | **Coca-Cola Co.** | **Coca-Cola Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 05/25/27  | 130000 | 128452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 06/01/27  | 340000 | 330385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 03/05/28  | 175000 | 167274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.00%, 03/15/28  | 290000 | 274186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 09/06/29  | 240000 | 225331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/25/30  | 380000 | 370439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 06/01/30  | 430000 | 388888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/05/31  | 170000 | 153012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 03/15/31  | 280000 | 244429 |
| **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/29 *(a)* | 155000 | 158519 |
| **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/22/30 *(a)* | 285000 | 267450 |
| **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 08/15/27 *(a)* | 160000 | 158275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/01/28 *(a)* | 110000 | 111495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/01/30 *(a)* | 120000 | 120143 |
| **CommonSpirit Health** | **CommonSpirit Health** | **CommonSpirit Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.07%, 11/01/27 *(a)* | 180000 | 184446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 10/01/29 *(a)* | 190000 | 182126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 09/01/30 *(a)* | 145000 | 143253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.78%, 10/01/30 *(a)* | 145000 | 133848 |

---

**114**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Conagra Brands, Inc.** | **Conagra Brands, Inc.** | **Conagra Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 11/01/27 *(a)* | 235000 | 223464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/01/28  | 135000 | 142096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 11/01/28 *(a)* | 330000 | 330452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/30 *(a)* | 120000 | 119836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 09/15/30  | 85000 | 95724 |
| **Constellation Brands, Inc.** | **Constellation Brands, Inc.** | **Constellation Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/09/27 *(a)* | 145000 | 143541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/09/27 *(a)* | 110000 | 109908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 02/15/28 *(a)* | 145000 | 142873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/15/28 *(a)* | 100000 | 100424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/15/29 *(a)* | 130000 | 130787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/01/29 *(a)* | 255000 | 244017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 05/01/30 *(a)* | 125000 | 117075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/01/30 *(a)* | 130000 | 130865 |
| **CVS Health Corp.** | **CVS Health Corp.** | **CVS Health Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/01/27 *(a)* | 175000 | 173528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/01/27  | 160000 | 163112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 08/21/27 *(a)* | 525000 | 503081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/25/28 *(a)* | 1170000 | 1166256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/30/29 *(a)* | 225000 | 227880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/01/29 *(a)* | 250000 | 256017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/15/29 *(a)* | 500000 | 479570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/21/30 *(a)* | 435000 | 441403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/30 *(a)* | 365000 | 353006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/21/30 *(a)* | 370000 | 326654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/30/31 *(a)* | 140000 | 143140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/28/31 *(a)* | 275000 | 240323 |
| **Dentsply Sirona, Inc.** | **Dentsply Sirona, Inc.** | **Dentsply Sirona, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/30 *(a)* | 165000 | 151985 |
| **DH Europe Finance II SARL** | **DH Europe Finance II SARL** | **DH Europe Finance II SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 11/15/29 *(a)* | 180000 | 169661 |
| **Diageo Capital PLC** | **Diageo Capital PLC** | **Diageo Capital PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 10/24/27 *(a)* | 285000 | 289631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 10/24/29 *(a)* | 230000 | 215094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 04/29/30 *(a)* | 290000 | 263201 |
| **Diageo Investment Corp.** | **Diageo Investment Corp.** | **Diageo Investment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 08/15/30 *(a)* | 210000 | 214576 |
| **Edwards Lifesciences Corp.** | **Edwards Lifesciences Corp.** | **Edwards Lifesciences Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/28 *(a)* | 205000 | 204799 |
| **Eli Lilly & Co.** | **Eli Lilly & Co.** | **Eli Lilly & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/15/27 *(a)* | 115000 | 113970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/14/27 *(a)* | 160000 | 160290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/12/28 *(a)* | 200000 | 201688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/28 *(a)* | 150000 | 149760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/09/29 *(a)* | 300000 | 303138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/15/29 *(a)* | 225000 | 220624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/14/29 *(a)* | 250000 | 250172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/12/30 *(a)* | 360000 | 366732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/31 *(a)* | 180000 | 179332 |
| **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/28 *(a)* | 185000 | 185279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 12/01/29 *(a)(e)* | 200000 | 186096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 04/15/30 *(a)* | 140000 | 130043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 03/15/31 *(a)* | 130000 | 114859 |
| **Flowers Foods, Inc.** | **Flowers Foods, Inc.** | **Flowers Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/31 *(a)* | 100000 | 84665 |
| **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/15/27 *(a)* | 410000 | 418261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/15/28 *(a)* | 140000 | 139124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/14/29 *(a)* | 260000 | 262397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.86%, 03/15/30 *(a)* | 290000 | 302708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/15/31 *(a)* | 160000 | 161106 |
| **General Mills, Inc.** | **General Mills, Inc.** | **General Mills, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/17/28 *(a)* | 340000 | 338154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/17/28 *(a)* | 205000 | 210102 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 01/30/30 *(a)* | 205000 | 206320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 04/15/30 *(a)* | 165000 | 154011 |
| **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 10/01/27 *(a)* | 155000 | 148597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/29 *(a)* | 220000 | 224213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 10/01/30 *(a)* | 275000 | 244981 |
| **GlaxoSmithKline Capital PLC** | **GlaxoSmithKline Capital PLC** | **GlaxoSmithKline Capital PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 06/01/29 *(a)* | 305000 | 297171 |
| **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/15/28  | 450000 | 447750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/30 *(a)* | 175000 | 176078 |
| **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/24/29 *(a)* | 125000 | 121640 |
| **Hasbro, Inc.** | **Hasbro, Inc.** | **Hasbro, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/15/27 *(a)* | 245000 | 242393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/19/29 *(a)* | 210000 | 204914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/12/31 *(a)* | 100000 | 98930 |
| **HCA, Inc.** | **HCA, Inc.** | **HCA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/28 *(a)* | 215000 | 217320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/28 *(a)* | 255000 | 258886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/01/28 *(a)* | 375000 | 382665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/01/29 *(a)* | 235000 | 241787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/15/29 *(a)* | 145000 | 140457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 06/15/29 *(a)* | 495000 | 488684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/30 *(a)* | 185000 | 188809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/01/30 *(a)* | 690000 | 655410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/15/30 *(a)* | 115000 | 113123 |
| **Hershey Co.** | **Hershey Co.** | **Hershey Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/24/28 *(a)* | 90000 | 90716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/04/28 *(a)* | 80000 | 80280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 11/15/29 *(a)* | 105000 | 98688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/24/30 *(a)* | 135000 | 137214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 06/01/30 *(a)* | 95000 | 85507 |
| **Hormel Foods Corp.** | **Hormel Foods Corp.** | **Hormel Foods Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 06/03/28 *(a)* | 170000 | 161189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 06/11/30 *(a)* | 240000 | 215822 |
| **Icon Investments Six DAC** | **Icon Investments Six DAC** | **Icon Investments Six DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 05/08/27 *(a)* | 265000 | 266354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/08/29 *(a)* | 135000 | 137634 |
| **Illumina, Inc.** | **Illumina, Inc.** | **Illumina, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/13/27 *(a)* | 145000 | 147899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/12/30 *(a)* | 120000 | 119484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/23/31 *(a)* | 110000 | 98628 |
| **Ingredion, Inc.** | **Ingredion, Inc.** | **Ingredion, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 06/01/30 *(a)* | 165000 | 154628 |
| **IQVIA, Inc.** | **IQVIA, Inc.** | **IQVIA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/15/28 *(a)* | 240000 | 244750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 02/01/29 *(a)* | 315000 | 327575 |
| **J.M. Smucker Co.** | **J.M. Smucker Co.** | **J.M. Smucker Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 12/15/27 *(a)* | 125000 | 122931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/28 *(a)* | 160000 | 165530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/30 *(a)* | 145000 | 133768 |
| **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/02/29 *(a)* | 160000 | 153600 |
| **Johnson & Johnson** | **Johnson & Johnson** | **Johnson & Johnson** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.95%, 09/01/27 *(a)* | 365000 | 351013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 01/15/28 *(a)* | 350000 | 344375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/01/28 *(a)* | 185000 | 187155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/01/29 *(a)* | 370000 | 379453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/01/30 *(a)* | 330000 | 337428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 09/01/30 *(a)* | 425000 | 377931 |
| **Kaiser Foundation Hospitals** | **Kaiser Foundation Hospitals** | **Kaiser Foundation Hospitals** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/01/27 *(a)* | 200000 | 197974 |

---

**115**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kellanova** | **Kellanova** | **Kellanova** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 11/15/27 *(a)* | 150000 | 148182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/15/28 *(a)* | 145000 | 145125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 06/01/30 *(a)* | 140000 | 127373 |
| **Kenvue, Inc.** | **Kenvue, Inc.** | **Kenvue, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/22/28 *(a)* | 220000 | 223461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/22/30 *(a)* | 275000 | 280269 |
| **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.43%, 06/15/27 *(a)* | 110000 | 108664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/15/28 *(a)* | 110000 | 109617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/25/28 *(a)* | 265000 | 265019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/29 *(a)* | 165000 | 166762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/15/29 *(a)* | 290000 | 284159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/01/30 *(a)* | 175000 | 164294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/30 *(a)* | 135000 | 133684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/15/31 *(a)* | 110000 | 97185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/31 *(a)* | 130000 | 131478 |
| **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.05%, 09/15/27 *(a)* | 140000 | 134267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 11/01/28 *(a)* | 140000 | 139259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 04/25/29 *(a)* | 140000 | 136000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 03/26/30 *(a)* | 255000 | 243280 |
| **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/15/27 *(a)* | 300000 | 298026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/30/29 *(a)* | 100000 | 100204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/30 *(a)* | 135000 | 130707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/01/31 *(a)* | 90000 | 88054 |
| **Kroger Co.** | **Kroger Co.** | **Kroger Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/01/27 *(a)* | 140000 | 138951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/29 *(a)* | 270000 | 271242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 05/01/30 *(a)* | 86000 | 78602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 01/15/31 *(a)* | 110000 | 96206 |
| **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/01/27 *(a)* | 160000 | 158371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 12/01/29 *(a)* | 155000 | 146923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/01/30 *(a)* | 175000 | 173583 |
| **Maple Parent Holdings Corp.** | **Maple Parent Holdings Corp.** | **Maple Parent Holdings Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/26/29 *(a)(d)* | 140000 | 139947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/26/31 *(a)(d)* | 150000 | 149421 |
| **Mattel, Inc.** | **Mattel, Inc.** | **Mattel, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/17/30 *(a)* | 160000 | 159306 |
| **McCormick & Co., Inc.** | **McCormick & Co., Inc.** | **McCormick & Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 08/15/27 *(a)* | 185000 | 182911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/15/29 *(a)* | 125000 | 123796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/15/30 *(a)* | 75000 | 69080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 02/15/31 *(a)* | 100000 | 87102 |
| **McKesson Corp.** | **McKesson Corp.** | **McKesson Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/16/28 *(a)* | 130000 | 129332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/15/28 *(a)* | 100000 | 101513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/29 *(a)* | 75000 | 74773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/30/30 *(a)* | 175000 | 176197 |
| **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/30/28 *(a)* | 200000 | 200484 |
| **Merck & Co., Inc.** | **Merck & Co., Inc.** | **Merck & Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 06/10/27 *(a)* | 365000 | 355652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 09/15/27  | 160000 | 159827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/17/28 *(a)* | 80000 | 80074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 12/10/28 *(a)* | 340000 | 321854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/07/29 *(a)* | 375000 | 367421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/15/29 *(a)* | 180000 | 178727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/17/30 *(a)* | 200000 | 199888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 06/24/30 *(a)* | 375000 | 334305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/15/30 *(a)* | 170000 | 169002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/31 *(a)* | 240000 | 237370 |
| **Merck Sharp & Dohme Corp.** | **Merck Sharp & Dohme Corp.** | **Merck Sharp & Dohme Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/01/28  | 130000 | 136328 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Mondelez International, Inc.** | **Mondelez International, Inc.** | **Mondelez International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/06/28 *(a)* | 120000 | 119858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/07/28 *(a)* | 200000 | 198834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/20/29 *(a)* | 160000 | 161715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/13/30 *(a)* | 140000 | 130465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/06/30 *(a)* | 125000 | 124576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 02/04/31 *(a)* | 100000 | 86514 |
| **Mylan, Inc.** | **Mylan, Inc.** | **Mylan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/15/28 *(a)* | 185000 | 184079 |
| **Novartis Capital Corp.** | **Novartis Capital Corp.** | **Novartis Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/17/27 *(a)* | 275000 | 272420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/05/28 *(a)* | 165000 | 164192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/16/29 *(a)* | 310000 | 309736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/18/29 *(a)* | 250000 | 246778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 08/14/30 *(a)* | 390000 | 357412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/05/30 *(a)* | 390000 | 385609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/18/31 *(a)* | 430000 | 430077 |
| **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 11/15/28 *(a)* | 195000 | 194257 |
| **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/16/29 *(a)* | 100000 | 101099 |
| **PepsiCo, Inc.** | **PepsiCo, Inc.** | **PepsiCo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/15/27 *(a)* | 340000 | 335107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/07/28 *(a)* | 185000 | 186558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 02/18/28 *(a)* | 175000 | 173819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/15/28 *(a)* | 180000 | 181523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 01/15/29 *(a)* | 165000 | 164914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/01/29  | 150000 | 161679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/17/29 *(a)* | 195000 | 196890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 07/29/29 *(a)* | 300000 | 285561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/07/30 *(a)* | 270000 | 273726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 03/19/30 *(a)* | 395000 | 373508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 05/01/30 *(a)* | 255000 | 230046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/23/30 *(a)* | 125000 | 125371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 02/25/31 *(a)* | 150000 | 130875 |
| **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 05/19/28 *(a)* | 950000 | 955567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/19/30 *(a)* | 710000 | 715155 |
| **Pfizer, Inc.** | **Pfizer, Inc.** | **Pfizer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/15/27  | 220000 | 219613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/15/28 *(a)* | 320000 | 317018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/15/29 *(a)* | 445000 | 437355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 04/01/30 *(a)* | 400000 | 374576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 05/28/30 *(a)* | 190000 | 170905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/15/30 *(a)* | 220000 | 218409 |
| **Pharmacia LLC** | **Pharmacia LLC** | **Pharmacia LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 12/01/28  | 210000 | 222352 |
| **Philip Morris International, Inc.** | **Philip Morris International, Inc.** | **Philip Morris International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 08/17/27 *(a)* | 130000 | 128365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/01/27  | 180000 | 180472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/17/27 *(a)* | 400000 | 405412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/28 *(a)* | 335000 | 338775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 03/02/28 *(a)* | 120000 | 117608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/28/28  | 255000 | 254607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/07/28 *(a)* | 170000 | 174332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/27/28 *(a)* | 200000 | 198312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/13/29 *(a)* | 225000 | 228474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/15/29 *(a)* | 205000 | 198663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 11/01/29 *(a)* | 175000 | 176570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 11/17/29 *(a)* | 285000 | 296471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/30 *(a)* | 565000 | 577215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/30/30 *(a)* | 195000 | 194148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 05/01/30 *(a)* | 200000 | 182254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/07/30 *(a)* | 160000 | 166134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/29/30 *(a)* | 175000 | 171430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 11/01/30 *(a)* | 150000 | 132876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/13/31 *(a)* | 300000 | 306807 |

---

**116**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Polaris, Inc.** | **Polaris, Inc.** | **Polaris, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/15/29 *(a)(e)* | 120000 | 125830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/01/31 *(a)* | 120000 | 118997 |
| **Procter & Gamble Co.** | **Procter & Gamble Co.** | **Procter & Gamble Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 08/11/27  | 185000 | 182527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/26/28 *(e)* | 230000 | 230409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/29/29  | 170000 | 171880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/24/29  | 125000 | 125800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/25/30  | 400000 | 383216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 05/01/30  | 100000 | 99652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 10/29/30  | 325000 | 284651 |
| **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.53%, 10/01/29 *(a)* | 185000 | 172984 |
| **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 12/15/27 *(a)* | 110000 | 110514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/30/29 *(a)* | 120000 | 119318 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 12/15/29 *(a)* | 145000 | 146070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/30/30 *(a)* | 200000 | 187470 |
| **Regeneron Pharmaceuticals, Inc.** | **Regeneron Pharmaceuticals, Inc.** | **Regeneron Pharmaceuticals, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/15/30 *(a)* | 305000 | 270596 |
| **Revvity, Inc.** | **Revvity, Inc.** | **Revvity, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 09/15/28 *(a)* | 120000 | 112702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 09/15/29 *(a)* | 215000 | 205918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/15/31 *(a)* | 90000 | 81106 |
| **Royalty Pharma PLC** | **Royalty Pharma PLC** | **Royalty Pharma PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/02/27 *(a)* | 225000 | 216918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/02/29 *(a)* | 125000 | 127246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 09/02/30 *(a)* | 270000 | 243135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/25/31 *(a)* | 150000 | 148166 |
| **Rush System for Health Obligated Group** | **Rush System for Health Obligated Group** | **Rush System for Health Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 11/15/29 *(a)* | 95000 | 93608 |
| **Sanofi SA** | **Sanofi SA** | **Sanofi SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 11/03/27  | 100000 | 99657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 06/19/28 *(a)* | 245000 | 242432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/03/28 *(a)* | 100000 | 99250 |
| **Smith & Nephew PLC** | **Smith & Nephew PLC** | **Smith & Nephew PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.03%, 10/14/30 *(a)* | 250000 | 222820 |
| **Solventum Corp.** | **Solventum Corp.** | **Solventum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/01/29 *(a)* | 185000 | 189486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/13/31 *(a)* | 250000 | 256585 |
| **SSM Health Care Corp.** | **SSM Health Care Corp.** | **SSM Health Care Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.82%, 06/01/27 *(a)* | 155000 | 154171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 06/01/28 *(a)* | 75000 | 75639 |
| **Stanford Health Care** | **Stanford Health Care** | **Stanford Health Care** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.31%, 08/15/30 *(a)* | 75000 | 71661 |
| **STERIS Irish FinCo UnLtd Co.** | **STERIS Irish FinCo UnLtd Co.** | **STERIS Irish FinCo UnLtd Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/15/31 *(a)* | 150000 | 136239 |
| **Stryker Corp.** | **Stryker Corp.** | **Stryker Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/10/28 *(a)* | 170000 | 171435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 03/07/28 *(a)* | 165000 | 163271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/08/28 *(a)* | 180000 | 182675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/11/29 *(a)* | 305000 | 303911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/10/30 *(a)* | 185000 | 187764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 06/15/30 *(a)* | 170000 | 153636 |
| **Sutter Health** | **Sutter Health** | **Sutter Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/15/28 *(a)* | 85000 | 84021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.29%, 08/15/30 *(a)* | 175000 | 159682 |
| **Sysco Corp.** | **Sysco Corp.** | **Sysco Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 07/15/27 *(a)* | 150000 | 147570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/17/29 *(a)* | 175000 | 179881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 02/15/30 *(a)* | 240000 | 220106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/30 *(a)* | 150000 | 155760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/23/30 *(a)* | 150000 | 151244 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/26/28 *(a)* | 375000 | 379976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 03/31/30 *(a)* | 675000 | 613831 |
| **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/21/27 *(a)* | 165000 | 166866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 10/15/28 *(a)* | 160000 | 150706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/31/29 *(a)* | 250000 | 255067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 10/01/29 *(a)* | 205000 | 193807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 08/10/30 *(a)* | 175000 | 178960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 02/12/31 *(a)* | 250000 | 247503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/31 *(a)* | 120000 | 118758 |
| **Toledo Hospital** | **Toledo Hospital** | **Toledo Hospital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 11/15/28  | 75000 | 75680 |
| **Tyson Foods, Inc.** | **Tyson Foods, Inc.** | **Tyson Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 06/02/27 *(a)* | 300000 | 297219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/01/29 *(a)* | 240000 | 239371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/29 *(a)* | 140000 | 143648 |
| **Unilever Capital Corp.** | **Unilever Capital Corp.** | **Unilever Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 05/05/27 *(a)* | 240000 | 237319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/12/27 *(a)* | 250000 | 250780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/22/28 *(a)* | 300000 | 296958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/08/28 *(a)* | 190000 | 193200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 09/06/29 *(a)* | 240000 | 224652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 09/14/30 *(a)* | 75000 | 66358 |
| **Universal Health Services, Inc.** | **Universal Health Services, Inc.** | **Universal Health Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/29 *(a)* | 135000 | 133583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 10/15/30 *(a)* | 200000 | 180144 |
| **Viatris, Inc.** | **Viatris, Inc.** | **Viatris, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/22/27 *(a)* | 205000 | 198899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/22/30 *(a)* | 355000 | 321754 |
| **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/01/28 *(a)* | 105000 | 107419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/19/30 *(a)* | 150000 | 152514 |
| **Zoetis, Inc.** | **Zoetis, Inc.** | **Zoetis, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 09/12/27 *(a)* | 180000 | 176983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/17/28 *(a)* | 225000 | 224339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 08/20/28 *(a)* | 125000 | 123895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/15/30 *(a)* | 205000 | 186413 |
|  |  | **93535296** |
| ***Energy 5.8%***  | ***Energy 5.8%***  | ***Energy 5.8%***  |
| **APA Corp.** | **APA Corp.** | **APA Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/30 *(a)* | 110000 | 108369 |
| **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.34%, 12/15/27 *(a)* | 310000 | 305781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/11/29 *(a)* | 120000 | 119321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.14%, 11/07/29 *(a)* | 100000 | 96224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.49%, 05/01/30 *(a)* | 155000 | 155294 |
| **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 07/15/27 *(a)* | 240000 | 239878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/03/29 *(a)* | 120000 | 120710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/15/31 *(a)* | 100000 | 93412 |
| **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.54%, 04/06/27 *(a)* | 105000 | 104301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.59%, 04/14/27 *(a)* | 110000 | 109348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 11/17/27 *(a)* | 290000 | 293999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.94%, 09/21/28 *(a)* | 255000 | 253353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.23%, 11/06/28 *(a)* | 500000 | 500300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/10/29 *(a)* | 305000 | 308614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 10/17/29 *(a)* | 220000 | 224690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.87%, 11/25/29 *(a)* | 180000 | 183386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/06/30 *(a)* | 290000 | 282472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/10/30 *(a)* | 255000 | 228210 |

---

**117**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **BP Capital Markets PLC** | **BP Capital Markets PLC** | **BP Capital Markets PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.28%, 09/19/27 *(a)* | 385000 | 380384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.72%, 11/28/28 *(a)* | 200000 | 196974 |
| **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/01/27 *(a)* | 235000 | 233684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/29 *(a)* | 160000 | 162626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 07/15/30 *(a)* | 170000 | 160087 |
| **Cenovus Energy, Inc.** | **Cenovus Energy, Inc.** | **Cenovus Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/20/31 *(a)* | 120000 | 119221 |
| **Cheniere Corpus Christi Holdings LLC** | **Cheniere Corpus Christi Holdings LLC** | **Cheniere Corpus Christi Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/30/27 *(a)* | 225000 | 226357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 11/15/29 *(a)* | 300000 | 291798 |
| **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/29 *(a)* | 460000 | 457521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/01/31 *(a)* | 360000 | 345798 |
| **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/15/28 *(a)* | 340000 | 338963 |
| **Chevron Corp.** | **Chevron Corp.** | **Chevron Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/11/27 *(a)* | 255000 | 249579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.24%, 05/11/30 *(a)* | 370000 | 341832 |
| **Chevron USA, Inc.** | **Chevron USA, Inc.** | **Chevron USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.02%, 08/12/27 *(a)* | 270000 | 259216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 08/13/27  | 190000 | 190070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 01/15/28 *(a)* | 155000 | 154603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.48%, 02/26/28 *(a)* | 250000 | 252067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 08/13/28 *(a)* | 130000 | 130109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 10/15/29 *(a)* | 165000 | 160033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 04/15/30 *(a)* | 250000 | 253990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 10/15/30 *(a)* | 270000 | 270678 |
| **ConocoPhillips Co.** | **ConocoPhillips Co.** | **ConocoPhillips Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 04/15/29  | 260000 | 279274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/30 *(a)* | 300000 | 302853 |
| **Continental Resources, Inc.** | **Continental Resources, Inc.** | **Continental Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 01/15/28 *(a)* | 225000 | 223474 |
| **Coterra Energy, Inc.** | **Coterra Energy, Inc.** | **Coterra Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/15/27 *(a)* | 200000 | 198756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/29 *(a)* | 120000 | 119771 |
| **DCP Midstream Operating LP** | **DCP Midstream Operating LP** | **DCP Midstream Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/15/27 *(a)* | 180000 | 182398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/29 *(a)* | 160000 | 162667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 08/16/30  | 70000 | 79969 |
| **Devon Energy Corp.** | **Devon Energy Corp.** | **Devon Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/15/27 *(a)* | 110000 | 110008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/28 *(a)(d)* | 55000 | 55025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/30 *(a)* | 150000 | 149557 |
| **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/18/27 *(a)* | 225000 | 226903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 12/01/29 *(a)* | 270000 | 260572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/30/30 *(a)* | 200000 | 204360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 03/24/31 *(a)* | 180000 | 167177 |
| **Eastern Gas Transmission & Storage, Inc.** | **Eastern Gas Transmission & Storage, Inc.** | **Eastern Gas Transmission & Storage, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/15/29 *(a)* | 105000 | 99595 |
| **Enbridge, Inc.** | **Enbridge, Inc.** | **Enbridge, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/05/27 *(a)* | 165000 | 166373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 07/15/27 *(a)* | 140000 | 138816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/20/28 *(a)* | 110000 | 110387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/15/28 *(a)* | 191000 | 198443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/20/28 *(a)* | 110000 | 109240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/05/29 *(a)* | 210000 | 214515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/15/29 *(a)* | 260000 | 247835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/20/30 *(a)* | 110000 | 111199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/15/30 *(a)* | 190000 | 201632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/31 *(a)* | 125000 | 123743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/27/31 *(a)* | 250000 | 251040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/15/55 *(a)(b)* | 140000 | 146607 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Energy Transfer LP** | **Energy Transfer LP** | **Energy Transfer LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/27 *(a)* | 160000 | 159696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/27 *(a)* | 265000 | 267637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/27 *(a)* | 145000 | 144068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/15/28 *(a)* | 220000 | 224209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/15/28 *(a)* | 185000 | 186680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/28 *(a)* | 245000 | 247604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 12/01/28 *(a)* | 130000 | 135229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/15/29 *(a)* | 295000 | 300637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/29 *(a)* | 325000 | 332329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/15/29 *(a)* | 130000 | 128531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/30 *(a)* | 180000 | 184234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/30 *(a)* | 325000 | 314431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 12/01/30 *(a)* | 300000 | 320739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/15/31 *(a)* | 240000 | 237929 |
| **Eni USA, Inc.** | **Eni USA, Inc.** | **Eni USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 11/15/27  | 160000 | 167246 |
| **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/20/28 *(a)* | 150000 | 150207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/16/28 *(a)* | 245000 | 244586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 07/31/29 *(a)* | 360000 | 347123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 01/31/30 *(a)* | 330000 | 311536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/15/31 *(a)* | 330000 | 330848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/16/77 *(a)(b)* | 250000 | 248102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/78 *(a)(b)* | 170000 | 168140 |
| **EOG Resources, Inc.** | **EOG Resources, Inc.** | **EOG Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/15/28 *(a)* | 185000 | 185721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/15/30 *(a)* | 200000 | 199596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/31 *(a)* | 180000 | 178841 |
| **EQT Corp.** | **EQT Corp.** | **EQT Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 10/01/27 *(a)* | 88000 | 87247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 04/01/28 *(a)* | 100000 | 102285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/29 *(a)* | 60000 | 60607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/01/30 *(a)(f)* | 185000 | 197994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 06/01/30 *(a)* | 140000 | 152513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/31 *(a)* | 270000 | 269058 |
| **Expand Energy Corp.** | **Expand Energy Corp.** | **Expand Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/01/29 *(a)* | 160000 | 160030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/15/30 *(a)* | 290000 | 292593 |
| **Exxon Mobil Corp.** | **Exxon Mobil Corp.** | **Exxon Mobil Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.44%, 08/16/29 *(a)* | 290000 | 276025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.48%, 03/19/30 *(a)* | 575000 | 559745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.61%, 10/15/30 *(a)* | 460000 | 430132 |
| **Halliburton Co.** | **Halliburton Co.** | **Halliburton Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.92%, 03/01/30 *(a)* | 243000 | 229103 |
| **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 12/01/27 *(a)* | 75000 | 75179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/01/29 *(a)* | 100000 | 100326 |
| **Hess Corp.** | **Hess Corp.** | **Hess Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 04/01/27 *(a)* | 230000 | 230147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 10/01/29  | 105000 | 117391 |
| **HF Sinclair Corp.** | **HF Sinclair Corp.** | **HF Sinclair Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/28 *(a)* | 135000 | 134984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/01/30 *(a)* | 5000 | 4918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/31 *(a)* | 160000 | 163706 |
| **Kinder Morgan Energy Partners LP** | **Kinder Morgan Energy Partners LP** | **Kinder Morgan Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.40%, 03/15/31  | 80000 | 89654 |
| **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/01/28 *(a)* | 250000 | 249862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/29 *(a)* | 285000 | 289549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/01/29 *(a)* | 120000 | 122425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/01/30 *(a)* | 290000 | 296832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 02/15/31 *(a)* | 200000 | 177124 |
| **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/01/28 *(a)* | 115000 | 113680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/01/30 *(a)* | 270000 | 275675 |

---

**118**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **MPLX LP** | **MPLX LP** | **MPLX LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/01/27 *(a)* | 155000 | 154692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/28 *(a)* | 345000 | 342409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/29 *(a)* | 190000 | 191700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 08/15/30 *(a)* | 330000 | 304260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/31 *(a)* | 350000 | 351095 |
| **National Fuel Gas Co.** | **National Fuel Gas Co.** | **National Fuel Gas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/15/27 *(a)* | 90000 | 89324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/01/28 *(a)* | 60000 | 60101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/30 *(a)* | 135000 | 138267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/01/31 *(a)* | 110000 | 100043 |
| **Northwest Pipeline LLC** | **Northwest Pipeline LLC** | **Northwest Pipeline LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/27 *(a)* | 160000 | 159358 |
| **NOV, Inc.** | **NOV, Inc.** | **NOV, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 12/01/29 *(a)* | 120000 | 116099 |
| **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 07/15/30 *(a)* | 220000 | 250644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 09/01/30 *(a)* | 330000 | 353978 |
| **ONEOK, Inc.** | **ONEOK, Inc.** | **ONEOK, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/13/27 *(a)* | 110000 | 109414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/24/27 *(a)* | 265000 | 264438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/15/28 *(a)* | 205000 | 205324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/01/28 *(a)* | 155000 | 159213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/15/29 *(a)* | 165000 | 164048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/01/29 *(a)* | 150000 | 152902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 09/01/29 *(a)* | 165000 | 158824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 10/15/29 *(a)* | 185000 | 184021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 03/15/30 *(a)* | 205000 | 193436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/30 *(a)* | 125000 | 118116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 11/01/30 *(a)* | 130000 | 135390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 01/15/31 *(a)* | 160000 | 170208 |
| **Ovintiv, Inc.** | **Ovintiv, Inc.** | **Ovintiv, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 05/15/28 *(a)* | 220000 | 226008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.13%, 09/15/30  | 70000 | 78849 |
| **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 02/01/28 *(a)* | 145000 | 142467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 11/15/29 *(a)* | 85000 | 85241 |
| **Phillips 66** | **Phillips 66** | **Phillips 66** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/15/28 *(a)* | 180000 | 178612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 12/15/30 *(a)* | 180000 | 161473 |
| **Phillips 66 Co.** | **Phillips 66 Co.** | **Phillips 66 Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/01/27 *(a)* | 190000 | 191839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/01/28 *(a)* | 100000 | 99016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 12/15/29 *(a)* | 150000 | 143081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/15/56 *(a)(b)* | 250000 | 246347 |
| **Pioneer Natural Resources Co.** | **Pioneer Natural Resources Co.** | **Pioneer Natural Resources Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 08/15/30 *(a)* | 275000 | 247819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 01/15/31 *(a)* | 220000 | 198513 |
| **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 12/15/29 *(a)* | 200000 | 193654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 09/15/30 *(a)* | 170000 | 163902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/31 *(a)* | 250000 | 249637 |
| **Sabine Pass Liquefaction LLC** | **Sabine Pass Liquefaction LLC** | **Sabine Pass Liquefaction LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/15/28 *(a)* | 335000 | 333633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/30 *(a)* | 500000 | 496785 |
| **Schlumberger Investment SA** | **Schlumberger Investment SA** | **Schlumberger Investment SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/26/30 *(a)* | 130000 | 121250 |
| **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/13/28 *(a)(d)* | 235000 | 233263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 11/07/29 *(a)* | 320000 | 300378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/06/30 *(a)* | 315000 | 296569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 11/06/30 *(a)* | 255000 | 252606 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Shell International Finance BV** | **Shell International Finance BV** | **Shell International Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/13/28 *(a)* | 100000 | 99433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 11/07/29 *(a)* | 100000 | 93979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/06/30 *(a)(e)* | 75000 | 70792 |
| **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 09/01/27 *(a)* | 200000 | 201054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 10/01/29 *(a)* | 205000 | 206499 |
| **Targa Resources Corp.** | **Targa Resources Corp.** | **Targa Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/01/27 *(a)* | 245000 | 247212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/15/29 *(a)* | 170000 | 169291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 03/01/29 *(a)* | 280000 | 291998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/15/30 *(a)* | 165000 | 166553 |
| **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/28 *(a)* | 170000 | 169820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/30 *(a)* | 345000 | 348581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/01/31 *(a)* | 200000 | 199808 |
| **TC PipeLines LP** | **TC PipeLines LP** | **TC PipeLines LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/25/27 *(a)* | 160000 | 158992 |
| **Tennessee Gas Pipeline Co. LLC** | **Tennessee Gas Pipeline Co. LLC** | **Tennessee Gas Pipeline Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/15/28  | 100000 | 106238 |
| **TotalEnergies Capital International SA** | **TotalEnergies Capital International SA** | **TotalEnergies Capital International SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.46%, 02/19/29 *(a)* | 305000 | 299791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.83%, 01/10/30 *(a)* | 315000 | 298944 |
| **TotalEnergies Capital SA** | **TotalEnergies Capital SA** | **TotalEnergies Capital SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 10/11/28  | 255000 | 254431 |
| **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/13/31 *(a)* | 375000 | 371861 |
| **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/28 *(a)* | 330000 | 328647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/15/30 *(a)* | 280000 | 274798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/01/65 *(a)(b)* | 170000 | 172626 |
| **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/28 *(a)* | 100000 | 99445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/30 *(a)* | 130000 | 123630 |
| **Valero Energy Corp.** | **Valero Energy Corp.** | **Valero Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 09/15/27 *(a)* | 150000 | 145497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/01/28 *(a)* | 170000 | 170209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/29 *(a)* | 130000 | 128413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/30 *(a)* | 180000 | 183933 |
| **Valero Energy Partners LP** | **Valero Energy Partners LP** | **Valero Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 *(a)* | 135000 | 135217 |
| **Viper Energy Partners LLC** | **Viper Energy Partners LLC** | **Viper Energy Partners LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/01/30 *(a)* | 100000 | 100221 |
| **Western Midstream Operating LP** | **Western Midstream Operating LP** | **Western Midstream Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/01/28 *(a)* | 85000 | 85105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/28 *(a)* | 90000 | 90407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 01/15/29 *(a)* | 135000 | 140674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 02/01/30 *(a)(g)* | 255000 | 247911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/01/31 *(a)* | 150000 | 148633 |
| **Williams Cos., Inc.** | **Williams Cos., Inc.** | **Williams Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 06/15/27 *(a)* | 290000 | 287868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/15/28 *(a)* | 205000 | 209375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/29 *(a)* | 285000 | 288297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/29 *(a)* | 130000 | 131405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/30/30 *(a)* | 225000 | 224903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/15/30 *(a)* | 275000 | 261404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 01/15/31  | 90000 | 100767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 03/15/31 *(a)* | 340000 | 307833 |
| **Woodside Finance Ltd.** | **Woodside Finance Ltd.** | **Woodside Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/19/28 *(a)* | 255000 | 257173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/19/30 *(a)* | 250000 | 255372 |
|  |  | **42643410** |

---

**119**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Industrial Other 0.3%***  | ***Industrial Other 0.3%***  | ***Industrial Other 0.3%***  |
| **Cintas Corp. No. 2** | **Cintas Corp. No. 2** | **Cintas Corp. No. 2** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/27 *(a)* | 300000 | 298641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/01/28 *(a)* | 75000 | 74914 |
| **Cornell University** | **Cornell University** | **Cornell University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.17%, 06/15/30 *(a)* | 110000 | 109310 |
| **Emory University** | **Emory University** | **Emory University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.14%, 09/01/30 *(a)* | 105000 | 95985 |
| **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 08/18/28 *(a)* | 145000 | 150456 |
| **Jacobs Solutions, Inc.** | **Jacobs Solutions, Inc.** | **Jacobs Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/03/31 *(a)* | 200000 | 197324 |
| **Leland Stanford Junior University** | **Leland Stanford Junior University** | **Leland Stanford Junior University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.29%, 06/01/27 *(a)* | 110000 | 106795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/01/30 *(a)* | 100000 | 99781 |
| **MasTec, Inc.** | **MasTec, Inc.** | **MasTec, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 06/15/29 *(a)* | 160000 | 165338 |
| **President & Fellows of Harvard College** | **President & Fellows of Harvard College** | **President & Fellows of Harvard College** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 03/15/30 *(a)* | 105000 | 107221 |
| **Quanta Services, Inc.** | **Quanta Services, Inc.** | **Quanta Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/09/27 *(a)* | 150000 | 150832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/09/28 *(a)* | 135000 | 134869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 10/01/30 *(a)* | 230000 | 213557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/31 *(a)* | 120000 | 119190 |
| **Trustees of Dartmouth College** | **Trustees of Dartmouth College** | **Trustees of Dartmouth College** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.27%, 06/01/30 *(a)* | 70000 | 70142 |
| **Trustees of Princeton University** | **Trustees of Princeton University** | **Trustees of Princeton University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/01/30 *(a)* | 70000 | 71064 |
| **Yale University** | **Yale University** | **Yale University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.48%, 04/15/30 *(a)* | 135000 | 122190 |
|  |  | **2287609** |
| ***Technology 9.9%***  | ***Technology 9.9%***  | ***Technology 9.9%***  |
| **Accenture Capital, Inc.** | **Accenture Capital, Inc.** | **Accenture Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 10/04/27 *(a)* | 260000 | 259610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 10/04/29 *(a)* | 355000 | 352579 |
| **Adobe, Inc.** | **Adobe, Inc.** | **Adobe, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/04/27 *(a)* | 145000 | 146034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/17/28 *(a)* | 210000 | 212625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 04/04/29 *(a)* | 210000 | 213444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/17/30 *(a)* | 165000 | 168548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/01/30 *(a)* | 325000 | 300570 |
| **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 03/24/28 *(a)* | 165000 | 166063 |
| **Alphabet, Inc.** | **Alphabet, Inc.** | **Alphabet, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.80%, 08/15/27 *(a)* | 275000 | 263967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 11/15/28 *(a)* | 270000 | 269279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 02/15/29 *(a)* | 550000 | 545451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/30 *(a)* | 270000 | 268113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 08/15/30 *(a)* | 530000 | 466368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/15/30 *(a)* | 595000 | 590906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/15/31 *(a)* | 750000 | 744915 |
| **Amdocs Ltd.** | **Amdocs Ltd.** | **Amdocs Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54%, 06/15/30 *(a)* | 150000 | 135695 |
| **Analog Devices, Inc.** | **Analog Devices, Inc.** | **Analog Devices, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 06/15/27 *(a)* | 170000 | 168553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/15/28 *(a)* | 160000 | 160227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 10/01/28 *(a)* | 205000 | 192893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 06/15/30 *(a)* | 155000 | 155479 |
| **Apple, Inc.** | **Apple, Inc.** | **Apple, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/11/27 *(a)* | 405000 | 402003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/20/27 *(a)* | 335000 | 331489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 09/12/27 *(a)* | 580000 | 571538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/13/27 *(a)* | 375000 | 370207 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.20%, 02/08/28 *(a)* | 725000 | 690700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/10/28 *(a)* | 320000 | 320493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/12/28 *(a)* | 330000 | 330366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 08/05/28 *(a)* | 500000 | 472410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/08/29 *(a)* | 250000 | 244287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 09/11/29 *(a)* | 430000 | 405550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 05/10/30 *(a)* | 170000 | 170468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 05/11/30 *(a)* | 425000 | 385832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/12/30 *(a)* | 310000 | 311584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 08/20/30 *(a)* | 280000 | 248161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 02/08/31 *(a)* | 650000 | 580144 |
| **Applied Materials, Inc.** | **Applied Materials, Inc.** | **Applied Materials, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 *(a)* | 285000 | 282626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/15/29 *(a)* | 175000 | 178183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 06/01/30 *(a)* | 210000 | 189071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/31 *(a)* | 130000 | 127625 |
| **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/12/28 *(a)* | 115000 | 113458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/21/29 *(a)* | 120000 | 121256 |
| **Atlassian Corp.** | **Atlassian Corp.** | **Atlassian Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/29 *(a)* | 100000 | 100686 |
| **Autodesk, Inc.** | **Autodesk, Inc.** | **Autodesk, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/15/27 *(a)* | 125000 | 123638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 01/15/30 *(a)* | 120000 | 112415 |
| **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 05/15/28 *(a)* | 265000 | 252648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 09/01/30 *(a)* | 205000 | 180121 |
| **Avnet, Inc.** | **Avnet, Inc.** | **Avnet, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/28 *(a)* | 115000 | 118504 |
| **Baidu, Inc.** | **Baidu, Inc.** | **Baidu, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 07/06/27  | 200000 | 198474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/29/28 *(a)* | 200000 | 200404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/14/28 *(a)* | 200000 | 202788 |
| **Broadcom Corp./Broadcom Cayman Finance Ltd.** | **Broadcom Corp./Broadcom Cayman Finance Ltd.** | **Broadcom Corp./Broadcom Cayman Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/28 *(a)* | 135000 | 133448 |
| **Broadcom, Inc.** | **Broadcom, Inc.** | **Broadcom, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/12/27 *(a)* | 112000 | 113194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 02/15/28 *(a)* | 175000 | 168098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 04/15/28 *(a)* | 220000 | 222548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 *(a)(d)* | 250000 | 247515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/29 *(a)* | 435000 | 439989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/12/29 *(a)* | 615000 | 627835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 02/15/30 *(a)* | 440000 | 438957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/30 *(a)* | 155000 | 157889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/15/30 *(a)* | 215000 | 219567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/15/30 *(a)* | 410000 | 411923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/15/30 *(a)* | 245000 | 242261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 11/15/30 *(a)* | 485000 | 477783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/15/31 *(a)* | 180000 | 178582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/15/31 *(a)* | 550000 | 500109 |
| **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/01/29 *(a)* | 200000 | 187144 |
| **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/10/27  | 110000 | 109888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 09/10/29 *(a)* | 250000 | 249280 |
| **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/28 *(a)* | 145000 | 143301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.28%, 12/01/28 *(a)* | 125000 | 120115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/15/29 *(a)* | 210000 | 200080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/01/30 *(a)* | 120000 | 119831 |
| **CGI, Inc.** | **CGI, Inc.** | **CGI, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/14/30 *(a)* | 195000 | 195920 |
| **Cisco Systems, Inc.** | **Cisco Systems, Inc.** | **Cisco Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/24/28 *(a)* | 230000 | 232597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/26/29 *(a)* | 655000 | 667248 |

---

**120**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/24/30 *(a)* | 275000 | 280208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/26/31 *(a)* | 600000 | 614802 |
| **Concentrix Corp.** | **Concentrix Corp.** | **Concentrix Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 08/02/28 *(a)(e)* | 195000 | 194518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/01/29 *(a)* | 150000 | 145932 |
| **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 07/15/27 *(a)* | 160000 | 163021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/01/28 *(a)* | 200000 | 202732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/01/28 *(a)* | 250000 | 251795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/15/29 *(a)* | 220000 | 218141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 10/01/29 *(a)* | 460000 | 469554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 02/01/30 *(a)* | 150000 | 148544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/30 *(a)* | 175000 | 177259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 07/15/30 *(a)* | 225000 | 237712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/15/31 *(a)* | 300000 | 296226 |
| **Dell, Inc.** | **Dell, Inc.** | **Dell, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.10%, 04/15/28  | 100000 | 105069 |
| **DXC Technology Co.** | **DXC Technology Co.** | **DXC Technology Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 09/15/28 *(a)(e)* | 190000 | 178834 |
| **Equifax, Inc.** | **Equifax, Inc.** | **Equifax, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 12/15/27 *(a)* | 155000 | 156614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/01/28 *(a)* | 165000 | 167155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/15/29 *(a)* | 165000 | 166035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/15/30 *(a)* | 160000 | 149845 |
| **Equinix Asia Financing Corp. Pte. Ltd.** | **Equinix Asia Financing Corp. Pte. Ltd.** | **Equinix Asia Financing Corp. Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/31 *(a)* | 170000 | 166605 |
| **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/30 *(a)* | 330000 | 327056 |
| **Equinix, Inc.** | **Equinix, Inc.** | **Equinix, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 07/15/27 *(a)* | 120000 | 116060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.55%, 03/15/28 *(a)* | 110000 | 104218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/15/28 *(a)(e)* | 115000 | 109542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/18/29 *(a)* | 285000 | 271528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 07/15/30 *(a)* | 280000 | 251720 |
| **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 03/01/28 *(a)* | 170000 | 161009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/10/28  | 500000 | 498620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/10/29 *(a)* | 570000 | 567327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/21/29 *(a)* | 135000 | 131181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/01/31 *(a)* | 180000 | 159521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/10/31 *(a)* | 490000 | 486134 |
| **Fiserv, Inc.** | **Fiserv, Inc.** | **Fiserv, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/27 *(a)* | 275000 | 267671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/02/28 *(a)* | 210000 | 213062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 08/21/28 *(a)* | 175000 | 177627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 10/01/28 *(a)* | 260000 | 257169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/01/29 *(a)* | 695000 | 665970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/30 *(a)* | 205000 | 203319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/01/30 *(a)* | 275000 | 250723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/15/31 *(a)* | 250000 | 244940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/31 *(a)* | 130000 | 131399 |
| **Flex Ltd.** | **Flex Ltd.** | **Flex Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/28 *(a)* | 95000 | 97013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/15/29 *(a)* | 225000 | 225886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/12/30 *(a)* | 100000 | 99983 |
| **Fortinet, Inc.** | **Fortinet, Inc.** | **Fortinet, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 03/15/31 *(a)* | 110000 | 97859 |
| **Gartner, Inc.** | **Gartner, Inc.** | **Gartner, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/20/31 *(a)* | 80000 | 78105 |
| **Genpact Luxembourg SARL/Genpact USA, Inc.** | **Genpact Luxembourg SARL/Genpact USA, Inc.** | **Genpact Luxembourg SARL/Genpact USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/04/29 *(a)* | 100000 | 103057 |
| **Genpact U.K. Finco PLC/Genpact USA, Inc.** | **Genpact U.K. Finco PLC/Genpact USA, Inc.** | **Genpact U.K. Finco PLC/Genpact USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/18/30 *(a)* | 115000 | 112848 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Global Payments, Inc.** | **Global Payments, Inc.** | **Global Payments, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/27 *(a)* | 155000 | 155468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/28  | 120000 | 119491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/01/28 *(a)* | 140000 | 138887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/28 *(a)* | 390000 | 386467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 08/15/29 *(a)* | 345000 | 325452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/15/29 *(a)* | 125000 | 125921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 05/15/30 *(a)* | 235000 | 214971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/30 *(a)* | 380000 | 373285 |
| **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/15/27  | 190000 | 188963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/25/27 *(a)* | 315000 | 314584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/23/28  | 120000 | 120030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/28 *(a)* | 155000 | 157426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/15/28 *(a)* | 180000 | 178589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/23/29 *(a)* | 150000 | 149808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/15/29 *(a)* | 475000 | 472739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 10/15/30 *(a)* | 210000 | 206077 |
| **HP, Inc.** | **HP, Inc.** | **HP, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/17/27 *(a)* | 245000 | 240840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 *(a)* | 230000 | 231196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/15/29 *(a)* | 245000 | 240597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/25/30 *(a)* | 135000 | 137917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/17/30 *(a)(e)* | 150000 | 142197 |
| **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/05/29 *(a)* | 165000 | 166059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/05/31 *(a)* | 125000 | 125233 |
| **Intel Corp.** | **Intel Corp.** | **Intel Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/11/27 *(a)* | 255000 | 251410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/05/27 *(a)* | 280000 | 277693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/10/28 *(a)* | 370000 | 372594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 08/12/28 *(a)* | 225000 | 210859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/05/29 *(a)* | 210000 | 206619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 11/15/29 *(a)(e)* | 510000 | 473545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/10/30 *(a)* | 335000 | 339553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 03/25/30 *(a)* | 380000 | 368638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/21/31 *(a)* | 125000 | 126123 |
| **International Business Machines Corp.** | **International Business Machines Corp.** | **International Business Machines Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 05/15/27 *(a)* | 290000 | 281979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 07/27/27 *(a)* | 185000 | 184700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.22%, 08/01/27  | 130000 | 133283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/15/28  | 105000 | 109088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/06/28 *(a)* | 250000 | 250947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 02/10/28 *(a)* | 250000 | 251642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/03/29 *(a)* | 100000 | 99006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 05/15/29  | 790000 | 768346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/10/30 *(a)* | 240000 | 242568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 05/15/30 *(a)* | 330000 | 297756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 02/03/31 *(a)* | 100000 | 98624 |
| **Intuit, Inc.** | **Intuit, Inc.** | **Intuit, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.35%, 07/15/27 *(a)* | 115000 | 110954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/15/28 *(a)* | 185000 | 188609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 07/15/30 *(a)* | 145000 | 129310 |
| **Jabil, Inc.** | **Jabil, Inc.** | **Jabil, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/27 *(a)* | 125000 | 124771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 01/12/28 *(a)* | 115000 | 113991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 02/01/29 *(a)* | 145000 | 143391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/01/29 *(a)* | 90000 | 91801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 01/15/30 *(a)* | 150000 | 144129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/15/31 *(a)* | 150000 | 138318 |
| **Juniper Networks, Inc.** | **Juniper Networks, Inc.** | **Juniper Networks, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 08/15/29 *(a)* | 120000 | 116804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/10/30 *(a)* | 85000 | 74741 |
| **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 04/06/27 *(a)* | 160000 | 160154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/30/29 *(a)* | 140000 | 133321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/30/30 *(a)* | 200000 | 205648 |

---

**121**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **KLA Corp.** | **KLA Corp.** | **KLA Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/15/29 *(a)* | 185000 | 184291 |
| **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 10/15/28 *(a)* | 100000 | 92538 |
| **Lam Research Corp.** | **Lam Research Corp.** | **Lam Research Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/29 *(a)* | 230000 | 228719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 06/15/30 *(a)* | 175000 | 158338 |
| **Leidos, Inc.** | **Leidos, Inc.** | **Leidos, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/15/29 *(a)* | 100000 | 98950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 05/15/30 *(a)* | 175000 | 172417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/15/31 *(a)* | 250000 | 222462 |
| **Marvell Technology, Inc.** | **Marvell Technology, Inc.** | **Marvell Technology, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 04/15/28 *(a)* | 190000 | 182791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/22/28 *(a)* | 110000 | 111092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/29 *(a)* | 125000 | 129030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/30 *(a)* | 95000 | 95334 |
| **Mastercard, Inc.** | **Mastercard, Inc.** | **Mastercard, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 01/15/28 *(a)* | 205000 | 205314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/26/28 *(a)* | 105000 | 104076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/09/28 *(a)* | 170000 | 172577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/28 *(a)* | 110000 | 111051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 06/01/29 *(a)* | 215000 | 207157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 03/26/30 *(a)* | 440000 | 425880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 03/15/31 *(a)* | 130000 | 115811 |
| **Microchip Technology, Inc.** | **Microchip Technology, Inc.** | **Microchip Technology, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/28  | 200000 | 201270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/29 *(a)* | 255000 | 258603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/15/30 *(a)* | 300000 | 302976 |
| **Micron Technology, Inc.** | **Micron Technology, Inc.** | **Micron Technology, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/15/31 *(a)* | 260000 | 272238 |
| **Microsoft Corp.** | **Microsoft Corp.** | **Microsoft Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/15/27 *(a)* | 125000 | 124373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.35%, 09/15/30 *(a)* | 95000 | 84617 |
| **Moody's Corp.** | **Moody's Corp.** | **Moody's Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/28 *(a)* | 120000 | 117824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/01/29 *(a)* | 100000 | 100072 |
| **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/23/28 *(a)* | 165000 | 165708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/29 *(a)* | 150000 | 152015 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/23/29 *(a)* | 145000 | 145191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 08/15/30 *(a)* | 135000 | 136025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/15/30 *(a)* | 245000 | 220919 |
| **NetApp, Inc.** | **NetApp, Inc.** | **NetApp, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 06/22/27 *(a)* | 180000 | 175565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/22/30 *(a)* | 130000 | 119404 |
| **Nokia OYJ** | **Nokia OYJ** | **Nokia OYJ** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 06/12/27  | 120000 | 119413 |
| **NVIDIA Corp.** | **NVIDIA Corp.** | **NVIDIA Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.55%, 06/15/28 *(a)* | 295000 | 280353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 04/01/30 *(a)* | 395000 | 375124 |
| **NXP BV/NXP Funding LLC** | **NXP BV/NXP Funding LLC** | **NXP BV/NXP Funding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 12/01/28 *(a)* | 135000 | 138254 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 05/01/27 *(a)* | 110000 | 108521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/01/27 *(a)* | 135000 | 135005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/19/28 *(a)* | 165000 | 164353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/18/29 *(a)* | 260000 | 257741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 05/01/30 *(a)* | 190000 | 181180 |
| **Oracle Corp.** | **Oracle Corp.** | **Oracle Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 04/01/27 *(a)* | 580000 | 570169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 11/15/27 *(a)* | 720000 | 702871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/25/28 *(a)* | 505000 | 481376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/06/28 *(a)* | 250000 | 249257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/03/28 *(a)* | 380000 | 380209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/04/29 *(a)* | 650000 | 641764 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/27/29 *(a)* | 380000 | 368307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 11/09/29 *(a)* | 320000 | 330134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 04/01/30 *(a)* | 780000 | 711750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/06/30 *(a)* | 245000 | 239568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/30 *(a)* | 75000 | 69347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/26/30 *(a)* | 735000 | 708466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/04/31 *(a)* | 900000 | 881253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 03/25/31 *(a)* | 795000 | 706763 |
| **Paychex, Inc.** | **Paychex, Inc.** | **Paychex, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/15/30 *(a)* | 395000 | 398835 |
| **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/01/27 *(a)* | 155000 | 154312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/06/28 *(a)* | 100000 | 100313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 10/01/29 *(a)* | 350000 | 332087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/01/30 *(a)* | 285000 | 260992 |
| **Qorvo, Inc.** | **Qorvo, Inc.** | **Qorvo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 10/15/29 *(a)* | 245000 | 239715 |
| **QUALCOMM, Inc.** | **QUALCOMM, Inc.** | **QUALCOMM, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/20/27 *(a)* | 435000 | 430998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.30%, 05/20/28 *(a)* | 245000 | 231287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 05/20/30 *(a)* | 365000 | 334325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/20/30 *(a)* | 120000 | 120668 |
| **RELX Capital, Inc.** | **RELX Capital, Inc.** | **RELX Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/18/29 *(a)* | 280000 | 277332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/27/30 *(a)* | 180000 | 181442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/22/30 *(a)* | 200000 | 188392 |
| **Roper Technologies, Inc.** | **Roper Technologies, Inc.** | **Roper Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 09/15/27 *(a)* | 165000 | 158019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/15/28 *(a)* | 235000 | 233360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/15/28 *(a)* | 165000 | 164132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/15/29 *(a)* | 145000 | 137031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/29 *(a)* | 100000 | 99465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 06/30/30 *(a)* | 155000 | 138396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/15/30 *(a)* | 110000 | 108369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/15/31 *(a)* | 250000 | 215912 |
| **S&P Global, Inc.** | **S&P Global, Inc.** | **S&P Global, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/01/28 *(a)* | 210000 | 212287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/01/29 *(a)* | 325000 | 312793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/01/29 *(a)* | 210000 | 209483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 12/01/29 *(a)* | 185000 | 173600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.25%, 08/15/30 *(a)* | 100000 | 87217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/31 *(a)(d)* | 150000 | 148302 |
| **Salesforce, Inc.** | **Salesforce, Inc.** | **Salesforce, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/28 *(a)* | 870000 | 870357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/11/28 *(a)* | 425000 | 420380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 07/15/28 *(a)* | 205000 | 192589 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/29 *(a)* | 1060000 | 1062152 |
| **ServiceNow, Inc.** | **ServiceNow, Inc.** | **ServiceNow, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.40%, 09/01/30 *(a)* | 330000 | 286437 |
| **Synopsys, Inc.** | **Synopsys, Inc.** | **Synopsys, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/01/27  | 250000 | 250440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 04/01/28 *(a)* | 205000 | 205888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/01/30 *(a)* | 500000 | 503825 |
| **TD SYNNEX Corp.** | **TD SYNNEX Corp.** | **TD SYNNEX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 08/09/28 *(a)* | 165000 | 156595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 01/17/29 *(a)* | 120000 | 118642 |
| **Teledyne FLIR LLC** | **Teledyne FLIR LLC** | **Teledyne FLIR LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 08/01/30 *(a)* | 105000 | 96627 |
| **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/01/28 *(a)* | 150000 | 143984 |
| **Tencent Music Entertainment Group** | **Tencent Music Entertainment Group** | **Tencent Music Entertainment Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 09/03/30 *(a)* | 200000 | 180546 |
| **Texas Instruments, Inc.** | **Texas Instruments, Inc.** | **Texas Instruments, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 11/03/27 *(a)* | 120000 | 118151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/15/28 *(a)* | 140000 | 141210 |

---

**122**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/08/29 *(a)* | 130000 | 131733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 09/04/29 *(a)* | 230000 | 215666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 05/04/30 *(a)* | 175000 | 158202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/23/30 *(a)* | 175000 | 175756 |
| **Trimble, Inc.** | **Trimble, Inc.** | **Trimble, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/15/28 *(a)* | 145000 | 145523 |
| **TSMC Arizona Corp.** | **TSMC Arizona Corp.** | **TSMC Arizona Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 04/22/27 *(a)* | 250000 | 249062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/22/29 *(a)* | 200000 | 199082 |
| **VeriSign, Inc.** | **VeriSign, Inc.** | **VeriSign, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 07/15/27 *(a)* | 160000 | 160050 |
| **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/29 *(a)* | 95000 | 94581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/15/31 *(a)* | 120000 | 118055 |
| **Visa, Inc.** | **Visa, Inc.** | **Visa, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 04/15/27 *(a)* | 440000 | 430866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.75%, 08/15/27 *(a)* | 170000 | 162775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/15/27 *(a)* | 215000 | 211330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/12/29 *(a)* | 225000 | 223758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 04/15/30 *(a)* | 335000 | 308307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 02/12/31 *(a)* | 200000 | 199792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.10%, 02/15/31 *(a)* | 200000 | 173212 |
| **VMware LLC** | **VMware LLC** | **VMware LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 08/15/28 *(a)* | 225000 | 211876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/15/30 *(a)* | 200000 | 201366 |
| **Western Union Co.** | **Western Union Co.** | **Western Union Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/29 *(a)* | 110000 | 109075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 03/15/31 *(a)* | 70000 | 63426 |
| **Workday, Inc.** | **Workday, Inc.** | **Workday, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/27 *(a)* | 250000 | 247800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/29 *(a)* | 205000 | 199900 |
| **Xilinx, Inc.** | **Xilinx, Inc.** | **Xilinx, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 06/01/30 *(a)* | 210000 | 193872 |
|  |  | **73335568** |
| ***Transportation 1.3%***  | ***Transportation 1.3%***  | ***Transportation 1.3%***  |
| **American Airlines 2015-1 Class A Pass-Through Trust** | **American Airlines 2015-1 Class A Pass-Through Trust** | **American Airlines 2015-1 Class A Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 11/01/28  | 177782 | 175028 |
| **American Airlines 2015-2 Class AA Pass-Through Trust** | **American Airlines 2015-2 Class AA Pass-Through Trust** | **American Airlines 2015-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 03/22/29  | 52621 | 51736 |
| **American Airlines 2016-1 Class AA Pass-Through Trust** | **American Airlines 2016-1 Class AA Pass-Through Trust** | **American Airlines 2016-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.58%, 07/15/29  | 54820 | 53843 |
| **American Airlines 2016-2 Class AA Pass-Through Trust** | **American Airlines 2016-2 Class AA Pass-Through Trust** | **American Airlines 2016-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 12/15/29  | 87675 | 85230 |
| **American Airlines 2016-3 Class AA Pass-Through Trust** | **American Airlines 2016-3 Class AA Pass-Through Trust** | **American Airlines 2016-3 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 04/15/30  | 57368 | 55606 |
| **American Airlines 2017-1 Class AA Pass-Through Trust** | **American Airlines 2017-1 Class AA Pass-Through Trust** | **American Airlines 2017-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 08/15/30  | 93638 | 91067 |
| **American Airlines 2017-2 Class AA Pass-Through Trust** | **American Airlines 2017-2 Class AA Pass-Through Trust** | **American Airlines 2017-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/15/31  | 59408 | 57166 |
| **Burlington Northern Santa Fe LLC** | **Burlington Northern Santa Fe LLC** | **Burlington Northern Santa Fe LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/15/27 *(a)* | 175000 | 173565 |
| **Canadian National Railway Co.** | **Canadian National Railway Co.** | **Canadian National Railway Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 07/15/28  | 100000 | 105765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/12/31 *(a)* | 70000 | 69058 |
| **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/28 *(a)* | 120000 | 119347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/29 *(a)* | 150000 | 148311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 11/15/29 *(a)* | 110000 | 104545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 03/05/30 *(a)* | 125000 | 114431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/30/30 *(a)* | 145000 | 146891 |
| **CH Robinson Worldwide, Inc.** | **CH Robinson Worldwide, Inc.** | **CH Robinson Worldwide, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/28 *(a)* | 150000 | 148947 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CSX Corp.** | **CSX Corp.** | **CSX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/27 *(a)* | 230000 | 227500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/01/28 *(a)* | 175000 | 173574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/29 *(a)* | 250000 | 249762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 02/15/30 *(a)* | 105000 | 97643 |
| **Delta Air Lines 2020-1 Class AA Pass-Through Trust** | **Delta Air Lines 2020-1 Class AA Pass-Through Trust** | **Delta Air Lines 2020-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/10/29  | 137582 | 133174 |
| **Delta Air Lines, Inc.** | **Delta Air Lines, Inc.** | **Delta Air Lines, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 04/19/28 *(a)* | 85000 | 84461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/10/28 *(a)* | 210000 | 210790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 10/28/29 *(a)* | 110000 | 105993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/10/30 *(a)* | 250000 | 251985 |
| **FedEx Corp.** | **FedEx Corp.** | **FedEx Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/15/28 *(a)* | 75000 | 73731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 08/05/29 *(a)* | 255000 | 244528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/30 *(a)* | 150000 | 148495 |
| **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/29 *(a)(d)* | 250000 | 247032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/31 *(a)(d)* | 240000 | 235920 |
| **GXO Logistics, Inc.** | **GXO Logistics, Inc.** | **GXO Logistics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/06/29 *(a)* | 150000 | 155672 |
| **JB Hunt Transport Services, Inc.** | **JB Hunt Transport Services, Inc.** | **JB Hunt Transport Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/30 *(a)* | 220000 | 222919 |
| **Kirby Corp.** | **Kirby Corp.** | **Kirby Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/28 *(a)* | 140000 | 139208 |
| **Norfolk Southern Corp.** | **Norfolk Southern Corp.** | **Norfolk Southern Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.80%, 05/15/27  | 80000 | 83024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 06/01/27 *(a)(e)* | 125000 | 123413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 08/01/28 *(a)* | 145000 | 143514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 11/01/29 *(a)* | 105000 | 98926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 08/01/30 *(a)* | 145000 | 148303 |
| **Ryder System, Inc.** | **Ryder System, Inc.** | **Ryder System, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 06/15/27 *(a)* | 50000 | 50018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/01/28 *(a)* | 120000 | 122748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/28 *(a)* | 155000 | 157588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 12/01/28 *(a)* | 80000 | 83672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/15/29 *(a)* | 120000 | 122879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/29 *(a)* | 90000 | 92671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/01/29 *(a)* | 65000 | 65917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/01/29 *(a)* | 115000 | 116352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/30 *(a)* | 120000 | 121754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/15/30 *(a)* | 60000 | 60463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/01/30 *(a)* | 80000 | 78706 |
| **Southwest Airlines Co.** | **Southwest Airlines Co.** | **Southwest Airlines Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 06/15/27 *(a)* | 380000 | 381357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 11/16/27 *(a)* | 90000 | 88363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/28 *(a)* | 195000 | 192598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 02/10/30 *(a)* | 125000 | 114614 |
| **Union Pacific Corp.** | **Union Pacific Corp.** | **Union Pacific Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 04/15/27 *(a)* | 80000 | 79046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/10/28 *(a)* | 225000 | 223740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 02/01/29  | 100000 | 106473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/01/29 *(a)* | 160000 | 157806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 02/05/30 *(a)* | 225000 | 209475 |
| **United Airlines 2016-1 Class AA Pass-Through Trust** | **United Airlines 2016-1 Class AA Pass-Through Trust** | **United Airlines 2016-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/07/30  | 96511 | 93646 |
| **United Airlines 2016-2 Class AA Pass-Through Trust** | **United Airlines 2016-2 Class AA Pass-Through Trust** | **United Airlines 2016-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 04/07/30  | 96354 | 92836 |
| **United Airlines 2018-1 Class AA Pass-Through Trust** | **United Airlines 2018-1 Class AA Pass-Through Trust** | **United Airlines 2018-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/01/31  | 105553 | 101905 |
| **United Airlines 2020-1 Class A Pass-Through Trust** | **United Airlines 2020-1 Class A Pass-Through Trust** | **United Airlines 2020-1 Class A Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/15/29  | 237693 | 241443 |
| **United Parcel Service, Inc.** | **United Parcel Service, Inc.** | **United Parcel Service, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 11/15/27 *(a)* | 190000 | 187110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/15/29 *(a)* | 190000 | 185856 |

---

**123**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/01/29 *(a)* | 130000 | 122987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 04/01/30 *(a)* | 195000 | 196552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 10/15/30 *(a)* | 115000 | 116717 |
|  |  | **9265395** |
|  |  | **380384096** |
| **Utility 7.0%** | **Utility 7.0%** | **Utility 7.0%** |
| ***Electric 6.2%***  | ***Electric 6.2%***  | ***Electric 6.2%***  |
| **AEP Texas, Inc.** | **AEP Texas, Inc.** | **AEP Texas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 06/01/28 *(a)* | 140000 | 138734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 05/15/29 *(a)* | 160000 | 164227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 07/01/30 *(a)* | 145000 | 131387 |
| **AES Corp.** | **AES Corp.** | **AES Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/28 *(a)* | 225000 | 227164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/15/31 *(a)* | 220000 | 195107 |
| **Alabama Power Co.** | **Alabama Power Co.** | **Alabama Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/01/27 *(a)* | 145000 | 144332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.45%, 09/15/30 *(a)* | 135000 | 118688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/31 *(a)* | 120000 | 119058 |
| **Ameren Corp.** | **Ameren Corp.** | **Ameren Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 03/15/28 *(a)* | 105000 | 99936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/29 *(a)* | 175000 | 177823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/15/31 *(a)* | 190000 | 180420 |
| **Ameren Illinois Co.** | **Ameren Illinois Co.** | **Ameren Illinois Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 05/15/28 *(a)* | 130000 | 128852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.55%, 11/15/30 *(a)* | 70000 | 61410 |
| **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/01/27 *(a)* | 180000 | 183402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/13/27 *(a)* | 125000 | 122879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/01/28 *(a)* | 150000 | 149710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/15/29 *(a)* | 220000 | 224655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/01/30 *(a)* | 100000 | 91682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 12/15/54 *(a)(b)* | 85000 | 87774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/56 *(a)(b)* | 370000 | 365456 |
| **Appalachian Power Co.** | **Appalachian Power Co.** | **Appalachian Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/01/27 *(a)* | 65000 | 64168 |
| **Arizona Public Service Co.** | **Arizona Public Service Co.** | **Arizona Public Service Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/15/27 *(a)* | 85000 | 83187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 08/15/29 *(a)* | 130000 | 122281 |
| **Atlantic City Electric Co.** | **Atlantic City Electric Co.** | **Atlantic City Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/15/28 *(a)* | 80000 | 79562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 03/15/31 *(a)* | 80000 | 72153 |
| **Avangrid, Inc.** | **Avangrid, Inc.** | **Avangrid, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 06/01/29 *(a)* | 150000 | 146772 |
| **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/15/28 *(a)* | 155000 | 152053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 07/15/30 *(a)* | 250000 | 243032 |
| **Black Hills Corp.** | **Black Hills Corp.** | **Black Hills Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/28 *(a)* | 95000 | 97498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 10/15/29 *(a)* | 125000 | 118840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 06/15/30 *(a)* | 70000 | 63995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/31/31 *(a)* | 110000 | 108926 |
| **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 10/01/28 *(a)* | 185000 | 189185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/30 *(a)* | 100000 | 101420 |
| **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/01/29 *(a)* | 150000 | 153798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/01/30 *(a)* | 86000 | 81076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/15/55 *(a)(b)* | 135000 | 139173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 05/15/55 *(a)(b)* | 75000 | 75881 |
| **CMS Energy Corp.** | **CMS Energy Corp.** | **CMS Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 08/15/27 *(a)* | 140000 | 138275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/01/50 *(a)(b)* | 100000 | 97016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/01/50 *(a)(b)* | 115000 | 104881 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Commonwealth Edison Co.** | **Commonwealth Edison Co.** | **Commonwealth Edison Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 08/15/27 *(a)* | 115000 | 113105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 08/15/28 *(a)* | 125000 | 123618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 03/01/30 *(a)* | 75000 | 69012 |
| **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/01/29 *(a)* | 130000 | 131244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/30 *(a)* | 85000 | 86550 |
| **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/15/27 *(a)* | 110000 | 108260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 05/15/28 *(a)* | 125000 | 123994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/01/28 *(a)* | 110000 | 109271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 04/01/30 *(a)* | 150000 | 143992 |
| **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 01/08/28  | 220000 | 218376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/01/28 *(a)* | 200000 | 204432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/01/29 *(a)(d)* | 160000 | 158139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/31 *(a)* | 215000 | 212616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/31 *(a)(d)* | 150000 | 150495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 03/01/31 *(a)(d)* | 190000 | 181315 |
| **Consumers Energy Co.** | **Consumers Energy Co.** | **Consumers Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/01/28 *(a)* | 75000 | 75620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 11/15/28 *(a)* | 85000 | 84147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/15/29 *(a)* | 130000 | 132187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/30/29 *(a)* | 145000 | 146112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/30 *(a)* | 155000 | 156651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/31 *(a)* | 120000 | 120286 |
| **Dayton Power & Light Co.** | **Dayton Power & Light Co.** | **Dayton Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/15/30 *(a)* | 95000 | 94117 |
| **Dominion Energy, Inc.** | **Dominion Energy, Inc.** | **Dominion Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/28 *(a)* | 225000 | 225765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/01/28 *(a)* | 95000 | 94706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 04/01/30 *(a)* | 375000 | 358560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/30 *(a)* | 175000 | 177562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 02/01/55 *(a)(b)* | 245000 | 251835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/15/56 *(a)(b)* | 375000 | 372611 |
| **DTE Electric Co.** | **DTE Electric Co.** | **DTE Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/14/27  | 150000 | 150232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 04/01/28 *(a)* | 130000 | 124492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 03/01/30 *(a)* | 140000 | 129514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 03/01/31 *(a)* | 140000 | 128831 |
| **DTE Energy Co.** | **DTE Energy Co.** | **DTE Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/01/27 *(a)* | 250000 | 251767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/01/28 *(a)* | 250000 | 252325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/01/29 *(a)* | 300000 | 305172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/15/29 *(a)* | 145000 | 140379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/01/30 *(a)* | 95000 | 89513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/30 *(a)* | 260000 | 265325 |
| **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 11/15/28 *(a)* | 170000 | 168790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/01/28  | 50000 | 52150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 08/15/29 *(a)* | 150000 | 141328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/01/30 *(a)* | 105000 | 97827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/30 *(a)* | 105000 | 106964 |
| **Duke Energy Corp.** | **Duke Energy Corp.** | **Duke Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/27 *(a)* | 270000 | 265982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/08/27 *(a)* | 110000 | 111225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/28 *(a)* | 196000 | 195782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/05/29 *(a)* | 170000 | 172195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/15/29 *(a)* | 100000 | 96981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 06/01/30 *(a)* | 235000 | 216630 |
| **Duke Energy Florida LLC** | **Duke Energy Florida LLC** | **Duke Energy Florida LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 07/15/28 *(a)* | 140000 | 138810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 12/01/29 *(a)* | 170000 | 159565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 06/15/30 *(a)* | 105000 | 94151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 12/01/30 *(a)* | 135000 | 133707 |

---

**124**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 02/01/29 *(a)* | 135000 | 132654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 06/01/30 *(a)* | 80000 | 72940 |
| **Duke Energy Progress LLC** | **Duke Energy Progress LLC** | **Duke Energy Progress LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 09/01/28 *(a)* | 141000 | 139563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/15/29 *(a)* | 80000 | 78346 |
| **Edison International** | **Edison International** | **Edison International** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/15/27 *(a)* | 120000 | 121080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/28 *(a)* | 125000 | 122978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/28 *(a)* | 135000 | 136066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/15/29 *(a)* | 115000 | 116084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 11/15/29 *(a)* | 125000 | 132046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/30 *(a)* | 160000 | 165987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/31 *(a)* | 130000 | 126983 |
| **Emera U.S. Finance LLC** | **Emera U.S. Finance LLC** | **Emera U.S. Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/01/29 *(a)* | 110000 | 109864 |
| **Enel Chile SA** | **Enel Chile SA** | **Enel Chile SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 06/12/28 *(a)* | 295000 | 296673 |
| **Entergy Arkansas LLC** | **Entergy Arkansas LLC** | **Entergy Arkansas LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/28 *(a)* | 95000 | 94563 |
| **Entergy Corp.** | **Entergy Corp.** | **Entergy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 06/15/28 *(a)* | 185000 | 175574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/15/30 *(a)* | 100000 | 93147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 12/01/54 *(a)(b)* | 300000 | 307383 |
| **Entergy Louisiana LLC** | **Entergy Louisiana LLC** | **Entergy Louisiana LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.12%, 09/01/27 *(a)* | 60000 | 59161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/01/28 *(a)* | 160000 | 156970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 12/15/30 *(a)* | 60000 | 52570 |
| **Entergy Mississippi LLC** | **Entergy Mississippi LLC** | **Entergy Mississippi LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 06/01/28 *(a)* | 80000 | 77743 |
| **Entergy Texas, Inc.** | **Entergy Texas, Inc.** | **Entergy Texas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/30/29 *(a)* | 115000 | 114079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 03/15/31 *(a)* | 130000 | 113641 |
| **Evergy Kansas Central, Inc.** | **Evergy Kansas Central, Inc.** | **Evergy Kansas Central, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 04/01/27 *(a)* | 75000 | 74203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/13/28  | 120000 | 120649 |
| **Evergy Metro, Inc.** | **Evergy Metro, Inc.** | **Evergy Metro, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/30 *(a)* | 120000 | 109891 |
| **Evergy, Inc.** | **Evergy, Inc.** | **Evergy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/29 *(a)* | 90000 | 89261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 09/15/29 *(a)* | 210000 | 199221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 06/01/55 *(a)(b)* | 115000 | 115926 |
| **Eversource Energy** | **Eversource Energy** | **Eversource Energy** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/01/27 *(a)* | 145000 | 145194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 01/15/28 *(a)* | 110000 | 107765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/01/28 *(a)* | 280000 | 284810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/01/29 *(a)* | 190000 | 197005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/01/29 *(a)* | 125000 | 124025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 08/15/30 *(a)* | 130000 | 114178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 12/15/30 *(a)* | 165000 | 162995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 03/15/31 *(a)* | 80000 | 72124 |
| **Exelon Corp.** | **Exelon Corp.** | **Exelon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/28 *(a)* | 220000 | 222570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/29 *(a)* | 150000 | 153081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 04/15/30 *(a)* | 280000 | 274470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/31 *(a)* | 130000 | 132469 |
| **FirstEnergy Corp.** | **FirstEnergy Corp.** | **FirstEnergy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 07/15/27 *(a)(g)* | 320000 | 317571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 03/01/30 *(a)* | 215000 | 199382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 09/01/30 *(a)* | 120000 | 108179 |
| **FirstEnergy Pennsylvania Electric Co.** | **FirstEnergy Pennsylvania Electric Co.** | **FirstEnergy Pennsylvania Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/28 *(d)* | 70000 | 69850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/31 *(a)(d)* | 140000 | 139541 |
| **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/15/30 *(a)* | 125000 | 125001 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Florida Power & Light Co.** | **Florida Power & Light Co.** | **Florida Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 05/30/27 *(a)* | 115000 | 114023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/01/28 *(a)* | 200000 | 203486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 05/15/28 *(a)* | 190000 | 190921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/15/29 *(a)* | 235000 | 241267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/30 *(a)* | 165000 | 166652 |
| **Georgia Power Co.** | **Georgia Power Co.** | **Georgia Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/16/28 *(a)* | 145000 | 146266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/28 *(a)* | 175000 | 173974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 09/15/29 *(a)* | 215000 | 203485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/30 *(a)* | 175000 | 175952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/31 *(a)* | 190000 | 192740 |
| **Indiana Michigan Power Co.** | **Indiana Michigan Power Co.** | **Indiana Michigan Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 05/15/28 *(a)* | 100000 | 99208 |
| **Interstate Power & Light Co.** | **Interstate Power & Light Co.** | **Interstate Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 09/26/28 *(a)* | 120000 | 119248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/01/29 *(a)* | 85000 | 83187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/01/30 *(a)* | 70000 | 64110 |
| **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/01/30 *(a)* | 200000 | 193144 |
| **ITC Holdings Corp.** | **ITC Holdings Corp.** | **ITC Holdings Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 11/15/27 *(a)* | 130000 | 127873 |
| **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 01/15/29 *(a)(d)* | 75000 | 74644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/31 *(a)(d)* | 120000 | 118382 |
| **MidAmerican Energy Co.** | **MidAmerican Energy Co.** | **MidAmerican Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 05/01/27 *(a)* | 100000 | 99078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 04/15/29 *(a)* | 245000 | 240815 |
| **Mississippi Power Co.** | **Mississippi Power Co.** | **Mississippi Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/30/28 *(a)* | 65000 | 64653 |
| **National Grid PLC** | **National Grid PLC** | **National Grid PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/12/28 *(a)* | 165000 | 168934 |
| **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 04/25/27 *(a)* | 75000 | 74138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/06/27 *(a)* | 95000 | 95794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.12%, 09/16/27 *(a)* | 190000 | 189749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 12/10/27  | 150000 | 149313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/07/28 *(a)* | 100000 | 98587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/07/28 *(a)* | 140000 | 141233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/28 *(a)* | 140000 | 141407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/25/28 *(a)* | 140000 | 139579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/15/28 *(a)* | 160000 | 162635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 11/01/28 *(a)* | 130000 | 128661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/07/29 *(a)* | 110000 | 111414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 02/09/29 *(a)* | 100000 | 99300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/29 *(a)* | 115000 | 112988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/15/29 *(a)* | 125000 | 127796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/07/30 *(a)* | 100000 | 101878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/30 *(a)* | 185000 | 172041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 12/10/30 *(a)* | 100000 | 99096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/07/31 *(a)* | 125000 | 127641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.35%, 03/15/31 *(a)* | 80000 | 68471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 09/15/53 *(a)(b)* | 70000 | 72727 |
| **Nevada Power Co.** | **Nevada Power Co.** | **Nevada Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/01/29 *(a)* | 135000 | 132566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 05/01/30 *(a)* | 100000 | 92346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 05/15/55 *(a)(b)* | 80000 | 79986 |
| **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 05/01/27 *(a)* | 455000 | 451310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/15/27 *(a)* | 270000 | 271039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.69%, 09/01/27  | 410000 | 412050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/04/28  | 200000 | 201948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/28/28 *(a)* | 295000 | 297620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 06/15/28 *(a)* | 355000 | 336952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/29 *(a)* | 260000 | 263913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/29 *(a)* | 160000 | 155850 |

---

**125**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/01/29 *(a)* | 265000 | 250775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/28/30 *(a)(e)* | 160000 | 162832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/30 *(a)* | 230000 | 234471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/30 *(a)* | 430000 | 392070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/01/31 *(a)* | 170000 | 168652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 09/01/54 *(a)(b)* | 240000 | 245203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 08/15/55 *(a)(b)* | 375000 | 381240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 12/01/77 *(a)(b)* | 145000 | 141858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 05/01/79 *(a)(b)* | 120000 | 119792 |
| **NSTAR Electric Co.** | **NSTAR Electric Co.** | **NSTAR Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/15/27 *(a)* | 170000 | 168127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/29 *(a)* | 115000 | 111307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/30 *(a)* | 100000 | 101399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 04/01/30 *(a)* | 120000 | 117906 |
| **OGE Energy Corp.** | **OGE Energy Corp.** | **OGE Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 05/15/29 *(a)* | 85000 | 87157 |
| **Ohio Power Co.** | **Ohio Power Co.** | **Ohio Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 04/01/30 *(a)* | 75000 | 69577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.63%, 01/15/31 *(a)* | 100000 | 86903 |
| **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 08/15/28 *(a)* | 100000 | 99018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 03/15/30 *(a)* | 85000 | 81214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/01/30 *(a)* | 50000 | 47816 |
| **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/15/28 *(a)* | 165000 | 165106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 11/15/28 *(a)* | 50000 | 49241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/29 *(a)* | 75000 | 77762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/01/29 *(a)* | 200000 | 201654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/15/30 *(a)* | 145000 | 135965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/31 *(a)(d)* | 180000 | 179071 |
| **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/15/27 *(a)* | 150000 | 151585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 08/01/27 *(a)* | 230000 | 222994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 12/01/27 *(a)* | 295000 | 289047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/04/28 *(a)* | 145000 | 146286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/15/28 *(a)* | 210000 | 203171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/01/28  | 230000 | 226026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/01/28 *(a)* | 100000 | 100038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 01/15/29 *(a)* | 190000 | 196730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/29 *(a)* | 115000 | 113707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 05/15/29 *(a)* | 200000 | 204824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 07/01/30 *(a)* | 795000 | 784705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/01/31 *(a)* | 500000 | 448715 |
| **PacifiCorp** | **PacifiCorp** | **PacifiCorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/15/29 *(a)* | 125000 | 126739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/29 *(a)* | 75000 | 74225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 04/15/29 *(a)* | 70000 | 70008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/15/29 *(a)* | 125000 | 120371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 09/15/30 *(a)* | 80000 | 72903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/15/31 *(a)* | 200000 | 202936 |
| **Pinnacle West Capital Corp.** | **Pinnacle West Capital Corp.** | **Pinnacle West Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/15/28 *(a)* | 85000 | 85739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/30 *(a)* | 75000 | 76295 |
| **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/15/30 *(a)* | 155000 | 152063 |
| **Progress Energy, Inc.** | **Progress Energy, Inc.** | **Progress Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 03/01/31  | 180000 | 203216 |
| **Public Service Co. of Colorado** | **Public Service Co. of Colorado** | **Public Service Co. of Colorado** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 06/15/28 *(a)* | 70000 | 69160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/13/29 *(a)* | 170000 | 169534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 01/15/31 *(a)* | 120000 | 106252 |
| **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/01/28  | 60000 | 60166 |
| **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/27 *(a)* | 130000 | 128410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 05/01/28 *(a)* | 85000 | 84128 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 09/01/28 *(a)* | 105000 | 103672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 05/15/29 *(a)* | 100000 | 97048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/15/30 *(a)* | 90000 | 84033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 01/01/31 *(a)* | 120000 | 118658 |
| **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/15/27 *(a)* | 145000 | 148216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/15/28 *(a)* | 150000 | 154936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/29 *(a)* | 170000 | 173337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/30 *(a)* | 130000 | 131479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 08/15/30 *(a)* | 150000 | 132139 |
| **Puget Energy, Inc.** | **Puget Energy, Inc.** | **Puget Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 06/15/28 *(a)* | 100000 | 95329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 06/15/30 *(a)* | 150000 | 145626 |
| **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/28 *(a)* | 130000 | 132128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 10/01/30 *(a)* | 255000 | 225851 |
| **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 12/15/55 *(a)(b)* | 115000 | 111874 |
| **Southern California Edison Co.** | **Southern California Edison Co.** | **Southern California Edison Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/01/27 *(a)* | 160000 | 160411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/01/27 *(a)* | 150000 | 152904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 03/01/28 *(a)* | 150000 | 147553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/01/28 *(a)* | 150000 | 152115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 10/01/28 *(a)* | 145000 | 148657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/29 *(a)* | 140000 | 138496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 04/01/29  | 75000 | 78283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/01/29 *(a)* | 165000 | 167340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 08/01/29 *(a)* | 175000 | 165179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/30 *(a)* | 305000 | 309889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/30 *(a)* | 120000 | 108727 |
| **Southern Co.** | **Southern Co.** | **Southern Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 08/01/27 *(g)* | 240000 | 242114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 03/15/28 *(a)* | 125000 | 119019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/15/28 *(a)* | 245000 | 247430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/29 *(a)* | 200000 | 206172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/30/30 *(a)* | 230000 | 222911 |
| **Southern Power Co.** | **Southern Power Co.** | **Southern Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/01/30 *(a)* | 120000 | 118393 |
| **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 09/15/28 *(a)* | 120000 | 119377 |
| **System Energy Resources, Inc.** | **System Energy Resources, Inc.** | **System Energy Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/15/28 *(a)* | 90000 | 92542 |
| **Tampa Electric Co.** | **Tampa Electric Co.** | **Tampa Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/01/29 *(a)* | 125000 | 126771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/15/31 *(a)* | 90000 | 81423 |
| **Tucson Electric Power Co.** | **Tucson Electric Power Co.** | **Tucson Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 08/01/30 *(a)* | 50000 | 44041 |
| **Union Electric Co.** | **Union Electric Co.** | **Union Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/29 *(a)* | 215000 | 210571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/15/30 *(a)* | 160000 | 151666 |
| **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/15/27 *(a)* | 165000 | 164137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/01/28 *(a)* | 205000 | 203141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 07/15/29 *(a)* | 120000 | 114661 |
| **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 10/01/27 *(a)* | 125000 | 126554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.38%, 10/15/27 *(a)* | 115000 | 109861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/28 *(a)* | 150000 | 151152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 12/15/28 *(a)* | 75000 | 70889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 10/15/30 *(a)* | 110000 | 96945 |
| **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 06/15/28 *(a)* | 95000 | 90135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 03/01/29 *(a)* | 75000 | 74282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/29 *(a)* | 85000 | 86685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 10/15/30 *(a)* | 150000 | 148200 |

---

**126**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Wisconsin Power & Light Co.** | **Wisconsin Power & Light Co.** | **Wisconsin Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 10/15/27 *(a)* | 75000 | 73632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/01/29 *(a)* | 135000 | 129823 |
| **Wisconsin Public Service Corp.** | **Wisconsin Public Service Corp.** | **Wisconsin Public Service Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 12/01/29 *(a)* | 70000 | 70312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/31 *(a)* | 70000 | 69304 |
| **Xcel Energy, Inc.** | **Xcel Energy, Inc.** | **Xcel Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/21/28 *(a)* | 115000 | 115656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/15/28 *(a)* | 180000 | 178895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 12/01/29 *(a)* | 155000 | 144951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 06/01/30 *(a)* | 100000 | 95597 |
|  |  | **45634820** |
| ***Natural Gas 0.6%***  | ***Natural Gas 0.6%***  | ***Natural Gas 0.6%***  |
| **Atmos Energy Corp.** | **Atmos Energy Corp.** | **Atmos Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/15/27 *(a)* | 130000 | 128396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 09/15/29 *(a)* | 180000 | 170665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 01/15/31 *(a)* | 130000 | 113697 |
| **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/28 *(a)* | 230000 | 234216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/01/28 *(a)* | 80000 | 79493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 10/01/30 *(a)* | 100000 | 88810 |
| **NiSource, Inc.** | **NiSource, Inc.** | **NiSource, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.49%, 05/15/27 *(a)* | 250000 | 247407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/30/28 *(a)* | 230000 | 233622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/01/29 *(a)* | 145000 | 148061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/01/29 *(a)* | 205000 | 195076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 05/01/30 *(a)* | 235000 | 226766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 02/15/31 *(a)* | 175000 | 152226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 11/30/54 *(a)(b)* | 150000 | 154118 |
| **ONE Gas, Inc.** | **ONE Gas, Inc.** | **ONE Gas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/01/29 *(a)* | 170000 | 173597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/15/30 *(a)* | 75000 | 68294 |
| **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/29 *(a)* | 170000 | 165245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 03/15/31 *(a)* | 80000 | 72270 |
| **Sempra** | **Sempra** | **Sempra** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/15/27 *(a)* | 235000 | 231769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 02/01/28 *(a)* | 210000 | 206210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/29 *(a)* | 100000 | 97738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/01/52 *(a)(b)* | 255000 | 247878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 10/01/54 *(a)(b)* | 275000 | 277816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 04/01/55 *(a)(b)* | 100000 | 99935 |
| **Southern California Gas Co.** | **Southern California Gas Co.** | **Southern California Gas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 04/15/27 *(a)* | 220000 | 217034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 02/01/30 *(a)* | 155000 | 145216 |
| **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 09/15/28 *(a)* | 90000 | 89324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 01/15/31 *(a)* | 110000 | 96632 |
| **Southwest Gas Corp.** | **Southwest Gas Corp.** | **Southwest Gas Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 12/01/27 *(a)* | 65000 | 66572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/23/28 *(a)* | 110000 | 112159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 04/01/28 *(a)* | 65000 | 64303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 06/15/30 *(a)* | 70000 | 63770 |
|  |  | **4668315** |
| ***Utility Other 0.2%***  | ***Utility Other 0.2%***  | ***Utility Other 0.2%***  |
| **American Water Capital Corp.** | **American Water Capital Corp.** | **American Water Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 09/01/27 *(a)* | 154000 | 151297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 09/01/28 *(a)* | 150000 | 148583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 06/01/29 *(a)* | 125000 | 121614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/01/30 *(a)* | 105000 | 98734 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Essential Utilities, Inc.** | **Essential Utilities, Inc.** | **Essential Utilities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/15/27 *(a)* | 190000 | 190771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 05/01/29 *(a)* | 110000 | 106999 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/15/30 *(a)* | 125000 | 116140 |
| **United Utilities PLC** | **United Utilities PLC** | **United Utilities PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 08/15/28  | 80000 | 84116 |
|  |  | **1018254** |
|  |  | **51321389** |
| **Total Corporates**<br> **(Cost $727,408,587)** | **Total Corporates**<br> **(Cost $727,408,587)** | **728657218** |

---

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Short-Term Investments** 0.8% OF NET ASSETS | **Short-Term Investments** 0.8% OF NET ASSETS | **Short-Term Investments** 0.8% OF NET ASSETS |
| **Money Market Funds 0.8%** | **Money Market Funds 0.8%** | **Money Market Funds 0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government <br> Money Market Fund, Premier Class <br> 3.60% *(h)*<br>| 3803247 | 3803247 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government <br> Money Market Fund, Premier Class <br> 3.60% *(h)(i)*<br>| 2169448 | 2169448 |
|  |  | **5972695** |
| **Total Short-Term Investments**<br> **(Cost $5,972,695)** | **Total Short-Term Investments**<br> **(Cost $5,972,695)** | **5972695** |
| **Total Investments in Securities**<br> **(Cost $733,381,282)** | **Total Investments in Securities**<br> **(Cost $733,381,282)** | **734629913** |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  | NUMBER OF<br> CONTRACTS<br>| NOTIONAL<br> AMOUNT<br> ($)<br>| CURRENT VALUE/<br> UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br> ($)<br>|
| **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** | **FUTURES CONTRACTS** |
| **Long** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 Year US Treasury Notes <br> (CBOT), expires 06/30/26<br>| 36 | 3894469 | **(23979)**<br>|
| **Short** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 Year US Treasury Notes <br> (CBOT), expires 06/30/26<br>| (16)<br>| (3382250)<br>| **30680** |
| **Total Net Unrealized Appreciation on Futures Contracts** | **Total Net Unrealized Appreciation on Futures Contracts** | **Total Net Unrealized Appreciation on Futures Contracts** | **6701** |

---

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

**127**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

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

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security.

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

&nbsp;&nbsp;&nbsp;&nbsp;*(d)* Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $7,871,756 or 1.1% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;*(e)* All or a portion of this security is on loan.

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond.

&nbsp;&nbsp;&nbsp;&nbsp;*(g)* Step up security that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end.

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

&nbsp;&nbsp;&nbsp;&nbsp;*(i)* Security purchased with cash collateral received for securities on loan. Securities on loan were valued at $1,988,468.

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

CBOT — Chicago Board of Trade <br> DAC — Designated Activity Company <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 March 31, 2026:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| VALUE AT<br> 12/31/25<br>| PURCHASES | SALES | REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE IN<br> UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| ACCRETION OF<br> DISCOUNTS<br> (AMORTIZATION<br> OF PREMIUMS)<br>| VALUE AT<br> 3/31/26<br>| FACE AMOUNT<br> AT 3/31/26<br>| INTEREST<br> INCOME EARNED<br>|
| **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS |
| **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** |
| **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** |
| Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/02/27 | $129030 | $— | ($128878)<br>| $381 | ($926)<br>| $393 | $— | $— | $1040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 03/03/27 | 320186 |  | (320033)<br>| (1512)<br>| 453 | 906 |  |  | 1991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 04/01/27 <sup>(a),(b)</sup> <br>| 154093 | 24829 |  |  | (875)<br>| 356 | 178403 | 180000 | 1455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 01/25/28 <sup>(a),(b)</sup> <br>| 157850 |  |  |  | (902)<br>| 583 | 157531 | 160000 | 1280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 03/20/28 <sup>(a),(b)</sup> <br>| 259841 | 14427 |  |  | (2336)<br>| 1651 | 273583 | 285000 | 1416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/01/29 <sup>(a),(b)</sup> <br>| 125480 | 15096 |  |  | (1196)<br>| 140 | 139520 | 140000 | 1370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 05/19/29 <sup>(a),(b),(c)</sup> <br>| 264776 |  |  |  | (2485)<br>| (225)<br>| 262066 | 255000 | 3597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/22/29 <sup>(a),(b)</sup> <br>| 131546 |  |  |  | (618)<br>| 407 | 131335 | 135000 | 1097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/01/29 <sup>(a),(b)</sup> <br>| 98211 |  |  |  | (896)<br>| 406 | 97721 | 103000 | 708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/17/29 <sup>(a),(b),(c)</sup> <br>| 296332 | 21141 |  |  | (3106)<br>| (705)<br>| 313662 | 300000 | 4540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/22/30 <sup>(a),(b)</sup> <br>| 102314 | 20442 |  |  | (1009)<br>| (63)<br>| 121684 | 120000 | 1354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 03/11/31 <sup>(a),(b)</sup> <br>|  | 139534 |  |  |  |  | 139534 | 160000 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 11/14/31 <sup>(a),(b),(c)</sup> <br>| 199752 | 24982 |  |  | (2054)<br>| (27)<br>| 222653 | 225000 | 2349 |
| **Total** | **$2239411** | **$260451** | **($448911)**<br>| **($1131)**<br>| **($15950)**<br>| **$3822** | **$2037692** |  | **$22197** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Issuer is affiliated with the fund's investment adviser.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The effective maturity may be shorter than the final maturity shown because of the
 possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).

&nbsp;&nbsp;&nbsp;&nbsp;(c) Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security.

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

------

**128**

------

Schwab 1-5 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

The following is a summary of the inputs used to value the fund's investments as of March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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** |  |  |  |  |
| Corporates <sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $728657218 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $728657218 |
| Short-Term Investments <sup>1</sup> <br>| 5972695 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 5972695 |
| Futures Contracts <sup>2</sup> <br>| 30680 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 30680 |
| **Liabilities** |  |  |  |  |
| Futures Contracts <sup>2</sup> <br>| (23979)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (23979)<br>|
| **Total** | **$5979396** | &nbsp;&nbsp; **$728657218** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$734636614** |

---

&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.

**129**

------

Schwab Strategic Trust

Schwab 5-10 Year Corporate Bond ETF

------

**Portfolio Holdings** as of March 31, 2026 (Unaudited)

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

All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund's investment objective. Generally, for fixed rate securities, the rate shown is the interest rate that was established when the security was issued and if the coupon rate is not available, the effective yield at the time of purchase is shown. In some cases, for securitized products, the fixed interest rate can change but remains index eligible as a fixed rate coupon. Variable rate securities are subject to index requirements and will be removed from the index and fund prior to converting from a fixed rate coupon to a variable rate coupon. The maturity date shown for all the securities is the final legal maturity.

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CORPORATES** 98.5% OF NET ASSETS | **CORPORATES** 98.5% OF NET ASSETS | **CORPORATES** 98.5% OF NET ASSETS |
| **Financial Institutions 36.7%** | **Financial Institutions 36.7%** | **Financial Institutions 36.7%** |
| ***Banking 25.3%***  | ***Banking 25.3%***  | ***Banking 25.3%***  |
| **Ally Financial, Inc.** | **Ally Financial, Inc.** | **Ally Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/01/31  | 12067000 | 13378141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 07/31/33 *(a)(b)* | 2880000 | 2831155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 07/26/35 *(a)(b)* | 3605000 | 3619096 |
| **American Express Co.** | **American Express Co.** | **American Express Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 05/26/33 *(a)(b)* | 3595000 | 3582633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 07/20/33 *(a)(b)* | 8405000 | 8435594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 08/03/33 *(a)(b)* | 6010000 | 5869967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 05/01/34 *(a)(b)* | 6020000 | 6041130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/28/34 *(a)(b)* | 2290000 | 2342601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.92%, 04/25/35 *(a)(b)* | 2390000 | 2478597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 07/26/35 *(a)(b)* | 8150000 | 8233701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 01/30/36 *(a)(b)* | 5990000 | 6102013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 04/25/36 *(a)(b)* | 7190000 | 7437839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/24/36 *(a)(b)* | 9495000 | 9189261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 02/08/41 *(a)(b)* | 2415000 | 2396718 |
| **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** | **Banco Bilbao Vizcaya Argentaria SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 11/15/34 *(a)(b)* | 3600000 | 4068540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.03%, 03/13/35 *(a)(b)* | 4800000 | 4995984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/03/36  | 4600000 | 4474052 |
| **Banco Santander SA** | **Banco Santander SA** | **Banco Santander SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 07/15/31  | 7200000 | 7415568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.23%, 11/22/32 *(a)(b)* | 4600000 | 4131812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.92%, 08/08/33  | 9600000 | 10369728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.94%, 11/07/33  | 7200000 | 8078184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 03/14/34  | 6000000 | 6302100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.03%, 01/17/35  | 4800000 | 5027904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/06/35  | 6000000 | 5858580 |
| **Bank of America Corp.** | **Bank of America Corp.** | **Bank of America Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.69%, 04/22/32 *(a)(b)* | 21450000 | 19472953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 07/21/32 *(a)(b)* | 17890000 | 15794186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.57%, 10/20/32 *(a)(b)* | 15625000 | 13916406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 02/04/33 *(a)(b)* | 18025000 | 16320195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 04/27/33 *(a)(b)* | 19085000 | 18756165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 07/22/33 *(a)(b)* | 23870000 | 24030406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 04/25/34 *(a)(b)* | 23870000 | 24162646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 09/15/34 *(a)(b)* | 17915000 | 18764171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 01/23/35 *(a)(b)* | 23920000 | 24410599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 08/15/35 *(a)(b)* | 11855000 | 11845753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.52%, 10/25/35 *(a)(b)* | 16810000 | 16832189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 01/24/36 *(a)(b)* | 16775000 | 17107816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 02/12/36 *(a)(b)* | 11950000 | 12167968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.46%, 05/09/36 *(a)(b)* | 9595000 | 9795919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.48%, 09/21/36 *(a)(b)* | 9610000 | 8310920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/06/37 *(a)(b)* | 17970000 | 17734773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/08/37 *(a)(b)* | 12023000 | 11140993 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Bank of Montreal** | **Bank of Montreal** | **Bank of Montreal** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.51%, 06/04/31 *(a)* | 3810000 | 3954094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.09%, 01/10/37 *(a)(b)* | 5985000 | 5319887 |
| **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** | **Bank of New York Mellon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 07/28/31 *(a)* | 2410000 | 2102532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/26/32 *(a)* | 2160000 | 1946333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 07/22/32 *(a)(b)* | 5285000 | 5387476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.29%, 06/13/33 *(a)(b)* | 3615000 | 3520576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 10/25/33 *(a)(b)* | 7085000 | 7516264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 02/01/34 *(a)(b)* | 3625000 | 3591614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 04/26/34 *(a)(b)* | 4830000 | 4840868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.47%, 10/25/34 *(a)(b)* | 5285000 | 5786124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 03/14/35 *(a)(b)* | 4805000 | 4876258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 11/20/35 *(a)(b)* | 3595000 | 3647199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 06/06/36 *(a)(b)* | 3610000 | 3660287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 07/21/39 *(a)(b)* | 2405000 | 2453942 |
| **Bank of Nova Scotia** | **Bank of Nova Scotia** | **Bank of Nova Scotia** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 08/01/31  | 3145000 | 2776846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/02/32  | 4105000 | 3633171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.74%, 11/10/32 *(a)(b)* | 3000000 | 2994390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/01/34  | 4095000 | 4264983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 02/02/34 *(a)(b)* | 5245000 | 5174927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.59%, 05/04/37 *(a)(b)* | 6060000 | 5801602 |
| **Barclays PLC** | **Barclays PLC** | **Barclays PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.89%, 11/24/32 *(a)(b)* | 5847000 | 5227101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/09/33 *(a)(b)* | 4750000 | 4882383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.44%, 11/02/33 *(a)(b)* | 9460000 | 10573631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.22%, 05/09/34 *(a)(b)* | 9625000 | 10109811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.12%, 06/27/34 *(a)(b)* | 7200000 | 7849512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.69%, 09/13/34 *(a)(b)* | 7235000 | 7823712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 09/10/35 *(a)(b)* | 9540000 | 9445745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.79%, 02/25/36 *(a)(b)* | 9625000 | 9762734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 02/24/37 *(a)(b)* | 7270000 | 7041140 |
| **BOKF NA** | **BOKF NA** | **BOKF NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.11%, 11/06/40 *(a)(b)* | 1915000 | 1951615 |
| **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** | **Canadian Imperial Bank of Commerce** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/07/32 *(a)* | 4805000 | 4512520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 10/03/33 *(a)* | 5280000 | 5654035 |
| **Capital One Financial Corp.** | **Capital One Financial Corp.** | **Capital One Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.36%, 07/29/32 *(a)(b)* | 4810000 | 4152377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.62%, 11/02/32 *(a)(b)* | 2345000 | 2062568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 11/29/32 *(a)* | 3665000 | 3986127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.27%, 05/10/33 *(a)(b)* | 5250000 | 5252153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.82%, 02/01/34 *(a)(b)* | 6004000 | 6151218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/08/34 *(a)(b)* | 8300000 | 8758243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.96%, 11/02/34 *(a)(b)* | 4785000 | 5493180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 02/01/35 *(a)(b)* | 4805000 | 4975914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 07/26/35 *(a)(b)* | 4800000 | 4920576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 01/30/36 *(a)(b)* | 8375000 | 8516286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/11/36 *(a)(b)* | 7190000 | 6974300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/30/37 *(a)(b)* | 7200000 | 7068528 |

---

**130**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Citibank NA** | **Citibank NA** | **Citibank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 04/30/34 *(a)* | 9625000 | 9975061 |
| **Citigroup, Inc.** | **Citigroup, Inc.** | **Citigroup, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.56%, 05/01/32 *(a)(b)* | 14290000 | 12790550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 06/15/32  | 4820000 | 5240352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.52%, 11/03/32 *(a)(b)* | 8390000 | 7411055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.06%, 01/25/33 *(a)(b)* | 14300000 | 12915760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/22/33  | 2340000 | 2449535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.79%, 03/17/33 *(a)(b)* | 14298000 | 13419674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 05/24/33 *(a)(b)* | 11960000 | 11915987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 10/31/33  | 3055000 | 3202801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.27%, 11/17/33 *(a)(b)* | 13185000 | 14108346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.17%, 05/25/34 *(a)(b)* | 15250000 | 15813945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 02/13/35 *(a)(b)* | 11885000 | 12043665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/11/35 *(a)(b)* | 11995000 | 12177924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 01/24/36 *(a)(b)* | 14410000 | 14730767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 03/27/36 *(a)(b)* | 10790000 | 10827333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.17%, 09/11/36 *(a)(b)* | 14400000 | 14267808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 09/19/39 *(a)(b)* | 5265000 | 5155646 |
| **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** | **Citizens Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 07/23/32 *(a)(b)* | 5985000 | 6156231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 09/30/32 *(a)* | 3005000 | 2570357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 04/25/35 *(a)(b)* | 3615000 | 3878750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.64%, 05/21/37 *(a)(b)* | 1940000 | 1937575 |
| **Deutsche Bank AG** | **Deutsche Bank AG** | **Deutsche Bank AG** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.04%, 05/28/32 *(a)(b)* | 4410000 | 3992858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.74%, 01/07/33 *(a)(b)* | 6005000 | 5471336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.08%, 02/10/34 *(a)(b)* | 7200000 | 7713000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/11/35 *(a)(b)* | 6015000 | 5981196 |
| **Fifth Third Bancorp** | **Fifth Third Bancorp** | **Fifth Third Bancorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 04/29/32 *(a)(b)* | 4805000 | 4720096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.34%, 04/25/33 *(a)(b)* | 2890000 | 2787405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 01/29/37 *(a)(b)* | 4805000 | 4688719 |
| **Fifth Third Bank NA** | **Fifth Third Bank NA** | **Fifth Third Bank NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 08/25/33 *(a)(b)* | 2400000 | 2406096 |
| **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** | **First Citizens BancShares, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/12/40 *(a)(b)* | 3605000 | 3520319 |
| **Goldman Sachs Capital I** | **Goldman Sachs Capital I** | **Goldman Sachs Capital I** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 02/15/34  | 4470000 | 4667708 |
| **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** | **Goldman Sachs Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.62%, 04/22/32 *(a)(b)* | 17845000 | 16043547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 07/21/32 *(a)(b)* | 19190000 | 16939781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 10/21/32 *(a)(b)* | 14245000 | 12652551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/15/33  | 4950000 | 5311499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 02/24/33 *(a)(b)* | 19105000 | 17245510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.56%, 10/24/34 *(a)(b)* | 5995000 | 6517704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/25/35 *(a)(b)* | 11995000 | 12460526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 07/23/35 *(a)(b)* | 14395000 | 14447110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 10/23/35 *(a)(b)* | 16775000 | 16477244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 01/28/36 *(a)(b)* | 14315000 | 14561361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 10/21/36 *(a)(b)* | 16715000 | 16194161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 01/21/37 *(a)(b)* | 21585000 | 21143587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 02/02/41 *(a)(b)* | 12000000 | 11614680 |
| **HSBC Bank USA NA** | **HSBC Bank USA NA** | **HSBC Bank USA NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/01/34  | 1615000 | 1684219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/15/35  | 1850000 | 1891181 |
| **HSBC Holdings PLC** | **HSBC Holdings PLC** | **HSBC Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 05/17/32 *(a)(b)* | 6720000 | 6951370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 05/24/32 *(a)(b)* | 14440000 | 12996866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.87%, 11/22/32 *(a)(b)* | 8405000 | 7519197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.76%, 03/29/33 *(a)(b)* | 9625000 | 9379274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/11/33 *(a)(b)* | 12010000 | 12201199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.11%, 11/03/33 *(a)(b)* | 9475000 | 10840348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/09/34 *(a)(b)* | 10795000 | 11436547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 06/20/34 *(a)(b)* | 9585000 | 10081407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.40%, 11/13/34 *(a)(b)* | 9650000 | 10670391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 03/04/35 *(a)(b)* | 6025000 | 6175143 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 11/18/35 *(a)(b)* | 8415000 | 8529276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/03/36 *(a)(b)* | 10775000 | 10819285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.79%, 05/13/36 *(a)(b)* | 9640000 | 9910113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.74%, 09/10/36 *(a)(b)* | 7190000 | 7198197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/06/36 *(a)(b)* | 10830000 | 10606036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.28%, 03/10/37 *(a)(b)* | 12970000 | 12739782 |
| **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** | **Huntington Bancshares, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.02%, 05/17/33 *(a)(b)* | 1930000 | 1918304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 02/02/35 *(a)(b)* | 5985000 | 6111104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.49%, 08/15/36 *(a)(b)* | 2705000 | 2321566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 11/18/39 *(a)(b)* | 2895000 | 2949426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 01/28/41 *(a)(b)* | 3595000 | 3512531 |
| **ING Groep NV** | **ING Groep NV** | **ING Groep NV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.73%, 04/01/32 *(a)(b)* | 3615000 | 3273310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/28/33 *(a)(b)* | 4770000 | 4591077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.11%, 09/11/34 *(a)(b)* | 6010000 | 6349745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/19/35 *(a)(b)* | 7210000 | 7327523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.53%, 03/25/36 *(a)(b)* | 4800000 | 4858224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 03/23/37 *(a)(b)* | 7140000 | 7119223 |
| **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** | **JPMorgan Chase & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.58%, 04/22/32 *(a)(b)* | 16750000 | 15157242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 11/08/32 *(a)(b)* | 14350000 | 12778675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.96%, 01/25/33 *(a)(b)* | 16740000 | 15186193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.59%, 04/26/33 *(a)(b)* | 11985000 | 11827158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 07/25/33 *(a)(b)* | 21540000 | 21604189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.72%, 09/14/33 *(a)(b)* | 16710000 | 17323758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/01/34 *(a)(b)* | 21560000 | 22002842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/23/34 *(a)(b)* | 14365000 | 15441944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 01/23/35 *(a)(b)* | 14385000 | 14612427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.77%, 04/22/35 *(a)(b)* | 14335000 | 14941514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 07/22/35 *(a)(b)* | 16785000 | 16973496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/22/35 *(a)(b)* | 14325000 | 14168141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/24/36 *(a)(b)* | 13195000 | 13520916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 04/22/36 *(a)(b)* | 16785000 | 17284354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 07/23/36 *(a)(b)* | 19190000 | 19456933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 10/22/36 *(a)(b)* | 14340000 | 13938193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/22/37 *(a)(b)* | 14375000 | 14067231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 02/05/37 *(a)(b)* | 14330000 | 14081948 |
| **Keybank National Association** | **Keybank National Association** | **Keybank National Association** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/08/32  | 3640000 | 3577902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/26/33 *(a)* | 4850000 | 4789569 |
| **KeyCorp** | **KeyCorp** | **KeyCorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 06/01/33 *(a)(b)* | 3620000 | 3543147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 03/06/35 *(a)(b)* | 4825000 | 5123523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 01/28/37 *(a)(b)* | 3455000 | 3388629 |
| **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** | **Lloyds Banking Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 08/11/33 *(a)(b)* | 5965000 | 5940842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 11/15/33 *(a)(b)* | 4755000 | 5423696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/05/35 *(a)(b)* | 9590000 | 9857945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 11/26/35 *(a)(b)* | 4805000 | 4891538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.07%, 06/13/36 *(a)(b)* | 6035000 | 6138017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 11/04/36 *(a)(b)* | 6045000 | 5838926 |
| **M&T Bank Corp.** | **M&T Bank Corp.** | **M&T Bank Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 01/27/34 *(a)(b)* | 4810000 | 4749923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 01/16/36 *(a)(b)* | 4815000 | 4782691 |
| **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** | **Mitsubishi UFJ Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.31%, 07/20/32 *(a)(b)* | 8515000 | 7506228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.49%, 10/13/32 *(a)(b)* | 3620000 | 3202976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 01/19/33 *(a)(b)* | 4845000 | 4336808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.32%, 04/19/33 *(a)(b)* | 3200000 | 3094080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/20/33 *(a)(b)* | 7245000 | 7305206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 09/13/33 *(a)(b)* | 3635000 | 3736889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 02/22/34 *(a)(b)* | 5935000 | 6081535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 04/19/34 *(a)(b)* | 4830000 | 4945051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 04/17/35 *(a)(b)* | 7675000 | 7800870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.57%, 01/16/36 *(a)(b)* | 5400000 | 5526306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 04/24/36 *(a)(b)* | 7230000 | 7411184 |

---

**131**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 09/12/36 *(a)(b)* | 4805000 | 4776651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.06%, 01/14/37 *(a)(b)* | 7235000 | 7107158 |
| **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** | **Mizuho Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.56%, 09/13/31  | 4790000 | 4224397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.44%, 05/12/32 *(a)(b)* | 2960000 | 2901836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.17%, 05/22/32 *(a)(b)* | 2875000 | 2519650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.26%, 07/09/32 *(a)(b)* | 3065000 | 2693491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 09/13/33 *(a)(b)* | 3455000 | 3589814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/27/34 *(a)(b)* | 4365000 | 4533271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/06/34 *(a)(b)* | 5140000 | 5342413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 05/26/35 *(a)(b)* | 3650000 | 3750594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 07/10/35 *(a)(b)* | 3410000 | 3506844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 05/13/36 *(a)(b)* | 4350000 | 4404288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 07/08/36 *(a)(b)* | 4835000 | 4858063 |
| **Morgan Stanley** | **Morgan Stanley** | **Morgan Stanley** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 04/01/32  | 4620000 | 5229286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.93%, 04/28/32 *(a)(b)* | 12010000 | 10411229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.24%, 07/21/32 *(a)(b)* | 16705000 | 14631909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.51%, 10/20/32 *(a)(b)* | 12030000 | 10631873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.94%, 01/21/33 *(a)(b)* | 12000000 | 10791480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 07/20/33 *(a)(b)* | 9605000 | 9564659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 10/18/33 *(a)(b)* | 14300000 | 15308150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/21/34 *(a)(b)* | 15500000 | 15567425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 07/21/34 *(a)(b)* | 12005000 | 12183634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 11/01/34 *(a)(b)* | 9590000 | 10436126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.47%, 01/18/35 *(a)(b)* | 12035000 | 12236827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.83%, 04/19/35 *(a)(b)* | 14240000 | 14786389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 07/19/35 *(a)(b)* | 15595000 | 15634767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 01/18/36 *(a)(b)* | 14395000 | 14688946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.66%, 04/17/36 *(a)(b)* | 14295000 | 14639652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.48%, 09/16/36 *(a)(b)* | 14395000 | 12387473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 10/22/36 *(a)(b)* | 14345000 | 13872906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 01/30/37 *(a)(b)* | 19165000 | 18779400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/20/37 *(a)(b)* | 9600000 | 9578304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 01/19/38 *(a)(b)* | 9585000 | 9830376 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 02/07/39 *(a)(b)* | 7225000 | 7388357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 01/18/41 *(a)(b)* | 7210000 | 6958443 |
| **NatWest Group PLC** | **NatWest Group PLC** | **NatWest Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.02%, 03/02/34 *(a)(b)* | 4855000 | 5113772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 03/01/35 *(a)(b)* | 6905000 | 7138941 |
| **Northern Trust Corp.** | **Northern Trust Corp.** | **Northern Trust Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/02/32 *(a)* | 4830000 | 5166893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 11/19/40 *(a)(b)* | 3595000 | 3506851 |
| **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** | **PNC Financial Services Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.31%, 04/23/32 *(a)(b)* | 4727000 | 4215019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 10/21/32 *(a)(b)* | 7240000 | 7221683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 06/06/33 *(a)(b)* | 4119000 | 4003627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.04%, 10/28/33 *(a)(b)* | 7094000 | 7505239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.07%, 01/24/34 *(a)(b)* | 7124000 | 7138889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 08/18/34 *(a)(b)* | 3635000 | 3811988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 10/20/34 *(a)(b)* | 10610000 | 11722459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/22/35 *(a)(b)* | 7115000 | 7326316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/23/35 *(a)(b)* | 7245000 | 7334114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 01/29/36 *(a)(b)* | 8430000 | 8617905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 07/21/36 *(a)(b)* | 7235000 | 7293604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 01/25/41 *(a)(b)* | 7105000 | 6976115 |
| **Regions Financial Corp.** | **Regions Financial Corp.** | **Regions Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/06/35 *(a)(b)* | 4810000 | 4819572 |
| **Royal Bank of Canada** | **Royal Bank of Canada** | **Royal Bank of Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/03/31  | 7185000 | 6416492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 05/04/32  | 4735000 | 4550619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/33  | 8150000 | 8230930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/02/33  | 4325000 | 4366390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/01/34  | 5980000 | 6119872 |
| **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** | **Santander Holdings USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.34%, 05/31/35 *(a)(b)(c)* | 3635000 | 3806136 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** | **Santander U.K. Group Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 09/22/36 *(a)(b)* | 4815000 | 4649412 |
| **State Street Corp.** | **State Street Corp.** | **State Street Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 10/22/32 *(a)(b)* | 3865000 | 3866469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.62%, 02/07/33 *(a)(b)* | 2600000 | 2317692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 05/13/33 *(a)(b)* | 2425000 | 2381423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.16%, 08/04/33 *(a)(b)* | 3640000 | 3515548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 01/26/34 *(a)(b)* | 3560000 | 3546614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 05/18/34 *(a)(b)* | 4825000 | 4891971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 11/21/34 *(a)(b)* | 2395000 | 2533958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/28/36 *(a)(b)* | 3640000 | 3654269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 10/23/36 *(a)(b)* | 4655000 | 4528617 |
| **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** | **Sumitomo Mitsui Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 07/09/31  | 4325000 | 4436499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.22%, 09/17/31  | 4790000 | 4192160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/15/32  | 2875000 | 2962371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.77%, 01/13/33  | 8395000 | 8747842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/08/33 *(a)(b)* | 3370000 | 3361103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 07/13/33  | 3135000 | 3270369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 09/14/33  | 4325000 | 4523734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.56%, 07/09/34  | 6465000 | 6635547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/15/35  | 4805000 | 4960730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/08/36 *(a)(b)* | 3345000 | 3354466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 01/15/37 *(a)(b)* | 5755000 | 5658834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 03/03/41 *(a)(b)* | 5910000 | 5717511 |
| **Synchrony Financial** | **Synchrony Financial** | **Synchrony Financial** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 10/28/31 *(a)* | 3620000 | 3160115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/29/36 *(a)(b)* | 2425000 | 2394494 |
| **Toronto-Dominion Bank** | **Toronto-Dominion Bank** | **Toronto-Dominion Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 09/10/31  | 4315000 | 3808980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 01/12/32  | 2905000 | 2571390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/30/32  | 3630000 | 3735161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 03/10/32  | 7210000 | 6638319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.46%, 06/08/32  | 9580000 | 9441569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.93%, 10/15/35  | 6005000 | 5906398 |
| **Truist Financial Corp.** | **Truist Financial Corp.** | **Truist Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/05/32 *(a)(b)* | 4735000 | 4802332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 07/28/33 *(a)(b)* | 4815000 | 4722263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 10/28/33 *(a)(b)* | 3630000 | 3844134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 01/26/34 *(a)(b)* | 7225000 | 7203108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 06/08/34 *(a)(b)* | 8290000 | 8634947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.71%, 01/24/35 *(a)(b)* | 9520000 | 9819309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 10/23/36 *(a)(b)* | 5995000 | 5811373 |
| **U.S. Bancorp** | **U.S. Bancorp** | **U.S. Bancorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.68%, 01/27/33 *(a)(b)* | 4029000 | 3588308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 07/22/33 *(a)(b)* | 6195000 | 6135094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 10/21/33 *(a)(b)* | 7240000 | 7616625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 02/01/34 *(a)(b)* | 9600000 | 9501216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.84%, 06/12/34 *(a)(b)* | 8351000 | 8727881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/23/35 *(a)(b)* | 9490000 | 9811711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 02/12/36 *(a)(b)* | 5740000 | 5866911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.49%, 11/03/36 *(a)(b)* | 6254000 | 5405895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.03%, 01/26/37 *(a)(b)* | 4740000 | 4680845 |
| **UBS Americas, Inc.** | **UBS Americas, Inc.** | **UBS Americas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 07/15/32  | 3565000 | 3985634 |
| **Wachovia Corp.** | **Wachovia Corp.** | **Wachovia Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/01/35  | 3845000 | 3882258 |
| **Wells Fargo & Co.** | **Wells Fargo & Co.** | **Wells Fargo & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 03/02/33 *(a)(b)* | 19085000 | 17516976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/25/33 *(a)(b)* | 20300000 | 20215146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.39%, 04/24/34 *(a)(b)* | 17950000 | 18224994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.56%, 07/25/34 *(a)(b)* | 20360000 | 20871850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.49%, 10/23/34 *(a)(b)* | 15590000 | 16868224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/23/35 *(a)(b)* | 14365000 | 14633051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/07/35  | 2285000 | 2349209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 12/03/35 *(a)(b)* | 12010000 | 11974210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 04/23/36 *(a)(b)* | 14305000 | 14644601 |

---

**132**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 09/15/36 *(a)(b)* | 8400000 | 8175552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.96%, 01/23/37 *(a)(b)* | 16695000 | 16268777 |
| **Westpac Banking Corp.** | **Westpac Banking Corp.** | **Westpac Banking Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 06/03/31  | 4865000 | 4363710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 08/10/33 *(a)(b)* | 4850000 | 4921732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.82%, 11/17/33  | 3615000 | 3955497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.62%, 11/20/35 *(a)(b)* | 7025000 | 7111970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.02%, 11/18/36 *(a)(b)* | 6060000 | 5421821 |
| **Zions Bancorp NA** | **Zions Bancorp NA** | **Zions Bancorp NA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.82%, 11/19/35 *(a)(b)* | 2330000 | 2395263 |
|  |  | **2602954852** |
| ***Brokerage/Asset Managers/Exchanges 2.1%***  | ***Brokerage/Asset Managers/Exchanges 2.1%***  | ***Brokerage/Asset Managers/Exchanges 2.1%***  |
| **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** | **Affiliated Managers Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/20/34 *(a)* | 1820000 | 1810864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/36 *(a)* | 2070000 | 2039923 |
| **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** | **Ameriprise Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/13/32 *(a)* | 2280000 | 2264587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/33 *(a)* | 3620000 | 3689395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/15/35 *(a)* | 3635000 | 3631329 |
| **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** | **Apollo Global Management, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 11/15/33 *(a)* | 2420000 | 2569048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/12/35 *(a)* | 4045000 | 3923893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/30/36 *(a)* | 3590000 | 3593985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/15/54 *(a)(b)* | 2395000 | 2243109 |
| **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** | **BlackRock Funding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/14/34 *(a)* | 4750000 | 4822770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/08/35 *(a)* | 2360000 | 2376874 |
| **BlackRock, Inc.** | **BlackRock, Inc.** | **BlackRock, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 02/25/32 *(a)* | 4865000 | 4256729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/25/33 *(a)* | 5960000 | 6004998 |
| **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** | **Blackstone Reg Finance Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/06/34 *(a)* | 3625000 | 3557212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/36 *(a)* | 2910000 | 2816385 |
| **Blue Owl Finance LLC** | **Blue Owl Finance LLC** | **Blue Owl Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 06/10/31 *(a)* | 3325000 | 2871171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 02/15/32 *(a)* | 1915000 | 1718559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/18/34 *(a)* | 4710000 | 4552686 |
| **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** | **Brookfield Asset Management Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/24/35 *(a)* | 3645000 | 3713016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/15/36 *(a)* | 1920000 | 1875744 |
| **Brookfield Capital Finance LLC** | **Brookfield Capital Finance LLC** | **Brookfield Capital Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 06/14/33 *(a)* | 2560000 | 2678938 |
| **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** | **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** | **Brookfield Finance I U.K. PLC/Brookfield Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.34%, 01/30/32 *(a)* | 2860000 | 2474787 |
| **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** | **Brookfield Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 04/15/31 *(a)* | 2500000 | 2272625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 01/05/34 *(a)* | 3265000 | 3466124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.68%, 01/15/35 *(a)* | 2125000 | 2146505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 01/15/36 *(a)* | 3110000 | 3046711 |
| **Carlyle Group, Inc.** | **Carlyle Group, Inc.** | **Carlyle Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/19/35 *(a)* | 3830000 | 3706368 |
| **Cboe Global Markets, Inc.** | **Cboe Global Markets, Inc.** | **Cboe Global Markets, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/16/32 *(a)* | 1495000 | 1370347 |
| **Charles Schwab Corp.** | **Charles Schwab Corp.** | **Charles Schwab Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/13/31 *(a)(d)* | 3555000 | 3203339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 12/01/31 *(a)(d)* | 4050000 | 3533423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/03/32 *(a)(d)* | 4770000 | 4327630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/19/34 *(a)(b)(d)* | 6025000 | 6334745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 08/24/34 *(a)(b)(d)* | 6445000 | 6866954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 11/14/36 *(a)(b)(d)* | 4770000 | 4640781 |
| **CME Group, Inc.** | **CME Group, Inc.** | **CME Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 03/15/32 *(a)* | 3520000 | 3191443 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** | **Intercontinental Exchange, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/31 *(a)* | 3690000 | 3807379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 09/15/32 *(a)* | 7155000 | 6037961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/15/33 *(a)* | 7100000 | 7037591 |
| **Janus Henderson U.S. Holdings, Inc.** | **Janus Henderson U.S. Holdings, Inc.** | **Janus Henderson U.S. Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/10/34 *(a)* | 1975000 | 1970300 |
| **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** | **Jefferies Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 10/15/31 *(a)* | 4815000 | 4195021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/15/32 *(a)* | 2395000 | 2029140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 04/14/34 *(a)* | 7080000 | 7220396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/36  | 2415000 | 2451177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/36 *(a)* | 7200000 | 6908688 |
| **KKR & Co., Inc.** | **KKR & Co., Inc.** | **KKR & Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/07/35 *(a)(c)* | 4245000 | 4109245 |
| **Lazard Group LLC** | **Lazard Group LLC** | **Lazard Group LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/01/35 *(a)* | 1500000 | 1496835 |
| **LPL Holdings, Inc.** | **LPL Holdings, Inc.** | **LPL Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/20/34 *(a)* | 2370000 | 2423752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/35 *(a)* | 2470000 | 2452191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/15/35 *(a)* | 2420000 | 2412256 |
| **Nasdaq, Inc.** | **Nasdaq, Inc.** | **Nasdaq, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/15/34 *(a)* | 5450000 | 5615407 |
| **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** | **Nomura Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.61%, 07/14/31  | 4640000 | 4138416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 01/22/32  | 3470000 | 3120155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.18%, 01/18/33  | 3640000 | 3846606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.09%, 07/12/33  | 2775000 | 2918606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.78%, 07/03/34  | 4830000 | 4964467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.49%, 06/29/35 *(c)* | 2490000 | 2509970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 06/10/36 *(a)(b)* | 3750000 | 3642150 |
| **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** | **Raymond James Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/11/35 *(a)* | 3195000 | 3116435 |
| **TPG Operating Group II LP** | **TPG Operating Group II LP** | **TPG Operating Group II LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/15/31 *(a)* | 2450000 | 2403229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/05/34 *(a)* | 2970000 | 3015797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/15/36 *(a)* | 2290000 | 2215254 |
|  |  | **213651421** |
| ***Finance Companies 1.0%***  | ***Finance Companies 1.0%***  | ***Finance Companies 1.0%***  |
| **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** | **AerCap Ireland Capital DAC/AerCap Global Aviation Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 12/15/31 *(a)* | 3625000 | 3684269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 01/30/32 *(a)* | 19200000 | 17464320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 *(a)* | 4105000 | 3991004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 10/29/33 *(a)* | 7180000 | 6354372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/19/34 *(a)* | 3385000 | 3373728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/10/34 *(a)* | 5305000 | 5168449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/35 *(a)* | 2900000 | 2808882 |
| **Air Lease Corp.** | **Air Lease Corp.** | **Air Lease Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/15/31 *(a)* | 3005000 | 3011761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 01/15/32 *(a)* | 3475000 | 3080970 |
| **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** | **Apollo Debt Solutions BDC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 07/29/31 *(a)* | 4815000 | 4879954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 03/15/32 *(a)* | 2400000 | 2411256 |
| **ARES Capital Corp.** | **ARES Capital Corp.** | **ARES Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/12/31 *(a)* | 3350000 | 3241828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 11/15/31 *(a)* | 3400000 | 2948378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/08/32 *(a)(c)* | 4785000 | 4722604 |
| **ARES Strategic Income Fund** | **ARES Strategic Income Fund** | **ARES Strategic Income Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 04/15/31 *(a)(e)* | 3170000 | 3040474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/21/32 *(a)* | 3705000 | 3635865 |
| **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** | **Blackstone Private Credit Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/29/32 *(a)* | 4800000 | 4658976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 11/22/34 *(a)* | 3960000 | 3709213 |

---

**133**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **GATX Corp.** | **GATX Corp.** | **GATX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 06/01/31 *(a)* | 1935000 | 1683450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 06/01/32 *(a)* | 1970000 | 1815000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/33 *(a)* | 1775000 | 1746795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/15/33 *(a)* | 2035000 | 2069005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 03/15/34 *(a)* | 2430000 | 2556506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 05/01/34 *(a)* | 1980000 | 2173921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/35 *(a)* | 3430000 | 3461693 |
| **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** | **Golub Capital Private Credit Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/15/31 *(a)(e)* | 2410000 | 2301189 |
| **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** | **HPS Corporate Lending Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/02/31 *(a)(e)* | 1955000 | 1876976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/14/32 *(a)* | 2450000 | 2369910 |
| **Takeoff Merger Sub, Inc.** | **Takeoff Merger Sub, Inc.** | **Takeoff Merger Sub, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/24/36 *(a)(e)* | 2360000 | 2324907 |
|  |  | **106565655** |
| ***Financial Other 0.2%***  | ***Financial Other 0.2%***  | ***Financial Other 0.2%***  |
| **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** | **HA Sustainable Infrastructure Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 07/01/34 *(a)* | 4850000 | 4880215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 07/15/35 *(a)* | 1905000 | 1957159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 03/15/36 *(a)* | 1910000 | 1851611 |
| **J Paul Getty Trust** | **J Paul Getty Trust** | **J Paul Getty Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 04/01/35 *(a)* | 2410000 | 2422990 |
| **ORIX Corp.** | **ORIX Corp.** | **ORIX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/13/32  | 2215000 | 2123233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/13/32  | 2460000 | 2504477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/25/35  | 2455000 | 2474345 |
|  |  | **18214030** |
| ***Insurance 4.4%***  | ***Insurance 4.4%***  | ***Insurance 4.4%***  |
| **Allstate Corp.** | **Allstate Corp.** | **Allstate Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/30/33 *(a)* | 3595000 | 3675888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/01/33  | 1555000 | 1599255 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 05/09/35  | 2655000 | 2747686 |
| **American Financial Group, Inc.** | **American Financial Group, Inc.** | **American Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/23/35 *(a)* | 1680000 | 1614648 |
| **American International Group, Inc.** | **American International Group, Inc.** | **American International Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/27/33 *(a)* | 3685000 | 3726788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.88%, 01/15/35 *(a)* | 2380000 | 2187934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 05/07/35 *(a)* | 2935000 | 2996987 |
| **American National Group, Inc.** | **American National Group, Inc.** | **American National Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/15/35 *(a)* | 3300000 | 3215751 |
| **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** | **Aon Corp./Aon Global Holdings PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 08/23/31 *(a)* | 1895000 | 1656097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 12/02/31 *(a)* | 2375000 | 2121018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/12/32 *(a)* | 2420000 | 2445265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/28/33 *(a)* | 3625000 | 3721570 |
| **Aon North America, Inc.** | **Aon North America, Inc.** | **Aon North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/01/34 *(a)* | 8315000 | 8500424 |
| **Arch Capital Group Ltd.** | **Arch Capital Group Ltd.** | **Arch Capital Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.35%, 05/01/34  | 1470000 | 1666274 |
| **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** | **Arthur J Gallagher & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 11/09/31 *(a)* | 1900000 | 1669036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/32 *(a)* | 2435000 | 2442695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/02/33 *(a)* | 1610000 | 1653840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/15/34 *(a)* | 1900000 | 2054812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/15/34 *(a)* | 2385000 | 2425545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/35 *(a)* | 7225000 | 7173269 |
| **Assurant, Inc.** | **Assurant, Inc.** | **Assurant, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/15/32 *(a)* | 1715000 | 1499922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/15/36 *(a)* | 1420000 | 1421846 |
| **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** | **Assured Guaranty U.S. Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 06/15/31 *(a)* | 2420000 | 2243558 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Athene Holding Ltd.** | **Athene Holding Ltd.** | **Athene Holding Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 02/01/33 *(a)* | 1930000 | 2009516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/15/34 *(a)* | 2870000 | 2861074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 10/15/54 *(a)(b)* | 2905000 | 2683407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 06/28/55 *(a)(b)* | 2905000 | 2716204 |
| **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** | **Berkshire Hathaway Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 03/15/32 *(a)* | 4740000 | 4390093 |
| **Brown & Brown, Inc.** | **Brown & Brown, Inc.** | **Brown & Brown, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/17/32 *(a)* | 2905000 | 2748682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/23/32 *(a)* | 2405000 | 2405409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/11/34 *(a)* | 2880000 | 2910211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 06/23/35 *(a)* | 4730000 | 4726736 |
| **Centene Corp.** | **Centene Corp.** | **Centene Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 08/01/31 *(a)* | 6230000 | 5215133 |
| **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** | **Chubb INA Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/34 *(a)* | 7610000 | 7659998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/15/35 *(a)* | 5955000 | 5875858 |
| **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** | **Cincinnati Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 11/01/34  | 1795000 | 1889543 |
| **CNA Financial Corp.** | **CNA Financial Corp.** | **CNA Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/33 *(a)* | 2435000 | 2472791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/34 *(a)* | 2460000 | 2429225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/35 *(a)* | 2310000 | 2263546 |
| **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** | **CNO Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 06/15/34 *(a)* | 3405000 | 3515867 |
| **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** | **Corebridge Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/05/32 *(a)* | 7125000 | 6694009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 09/15/33 *(a)* | 2210000 | 2315616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/34 *(a)* | 3625000 | 3721244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 09/15/54 *(a)(b)* | 3600000 | 3533760 |
| **Elevance Health, Inc.** | **Elevance Health, Inc.** | **Elevance Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/01/31 *(a)* | 3445000 | 3467703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 05/15/32 *(a)* | 2965000 | 2846074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/15/32 *(a)* | 3500000 | 3446625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/32 *(a)* | 3190000 | 3290007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/33 *(a)* | 4885000 | 4814607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/15/34 *(a)* | 4865000 | 4936321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/15/34  | 1695000 | 1774377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/35 *(a)* | 5805000 | 5805580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/36 *(a)* | 4500000 | 4410810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 01/15/36  | 1855000 | 1919591 |
| **Enstar Group Ltd.** | **Enstar Group Ltd.** | **Enstar Group Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 09/01/31 *(a)* | 2390000 | 2113047 |
| **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** | **Equitable Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.59%, 01/11/33 *(a)* | 2490000 | 2543709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 03/28/55 *(a)(b)* | 2310000 | 2328388 |
| **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** | **F&G Annuities & Life, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/04/34 *(a)(c)* | 2410000 | 2287909 |
| **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** | **Fairfax Financial Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/16/32 *(a)* | 3540000 | 3634660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 12/07/33 *(a)* | 3655000 | 3822143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/20/35 *(a)* | 2380000 | 2442475 |
| **First American Financial Corp.** | **First American Financial Corp.** | **First American Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 08/15/31 *(a)* | 3140000 | 2707779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/30/34 *(a)* | 2110000 | 2073012 |
| **Globe Life, Inc.** | **Globe Life, Inc.** | **Globe Life, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 06/15/32 *(a)* | 1885000 | 1866414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 09/15/34 *(a)* | 2105000 | 2172865 |
| **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** | **Hanover Insurance Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/35 *(a)* | 2385000 | 2372598 |
| **Humana, Inc.** | **Humana, Inc.** | **Humana, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/15/31 *(a)* | 7195000 | 7272130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 02/03/32 *(a)(c)* | 3545000 | 3036044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 03/01/33 *(a)* | 3510000 | 3585956 |

---

**134**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/34 *(a)* | 4130000 | 4215243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 05/01/35 *(a)* | 3635000 | 3598250 |
| **Jackson Financial, Inc.** | **Jackson Financial, Inc.** | **Jackson Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 11/23/31 *(a)* | 2395000 | 2135933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.67%, 06/08/32 *(a)* | 1705000 | 1715128 |
| **Kemper Corp.** | **Kemper Corp.** | **Kemper Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 02/23/32 *(a)* | 1970000 | 1787677 |
| **Lincoln National Corp.** | **Lincoln National Corp.** | **Lincoln National Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 03/01/32 *(a)* | 1460000 | 1324877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/15/34 *(a)* | 1735000 | 1768694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/15/35 *(a)* | 2355000 | 2294100 |
| **Loews Corp.** | **Loews Corp.** | **Loews Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/01/35  | 1485000 | 1573016 |
| **Manulife Financial Corp.** | **Manulife Financial Corp.** | **Manulife Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/16/32 *(a)* | 3530000 | 3348064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 12/11/35 *(a)* | 4765000 | 4664506 |
| **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** | **Marsh & McLennan Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 11/15/31 *(a)* | 4805000 | 4849735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 12/15/31 *(a)* | 1925000 | 1712442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/01/32 *(a)* | 2435000 | 2569631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 08/01/33  | 1495000 | 1590994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/15/33 *(a)* | 2855000 | 2948958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/34 *(a)* | 2415000 | 2445139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/35 *(a)* | 9440000 | 9417722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/36 *(a)* | 2850000 | 2823894 |
| **MetLife, Inc.** | **MetLife, Inc.** | **MetLife, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/15/32  | 3005000 | 3293480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 07/15/33 *(a)* | 4750000 | 4919622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 06/15/34  | 3435000 | 3752737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/15/34 *(a)(c)* | 3420000 | 3500849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/35  | 4885000 | 5120555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 03/15/55 *(a)(b)* | 4920000 | 4986715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/15/56 *(a)(b)* | 4720000 | 4634143 |
| **Old Republic International Corp.** | **Old Republic International Corp.** | **Old Republic International Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/28/34 *(a)* | 1965000 | 2009527 |
| **Primerica, Inc.** | **Primerica, Inc.** | **Primerica, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 11/19/31 *(a)* | 2925000 | 2620127 |
| **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** | **Principal Financial Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/15/33 *(a)* | 1825000 | 1865497 |
| **Progressive Corp.** | **Progressive Corp.** | **Progressive Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/15/32 *(a)* | 2405000 | 2199276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 12/01/32  | 1950000 | 2125559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/33 *(a)* | 2420000 | 2457607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/26/36 *(a)* | 4790000 | 4803987 |
| **Prudential Financial, Inc.** | **Prudential Financial, Inc.** | **Prudential Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/33  | 1845000 | 1954980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/14/35 *(a)(c)* | 3655000 | 3686543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/01/52 *(a)(b)* | 4810000 | 4581669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/01/52 *(a)(b)* | 5765000 | 5781603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/01/53 *(a)(b)* | 2400000 | 2487096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/54 *(a)(b)* | 4660000 | 4754691 |
| **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** | **Prudential Funding Asia PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/24/32 *(a)* | 1660000 | 1569713 |
| **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** | **Reinsurance Group of America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/15/33 *(a)* | 1930000 | 2007297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/15/34 *(a)* | 3135000 | 3188201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 09/15/55 *(a)(b)* | 3365000 | 3352550 |
| **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** | **RenaissanceRe Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/05/33 *(a)* | 3655000 | 3758765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/01/35 *(a)* | 2330000 | 2378720 |
| **Selective Insurance Group, Inc.** | **Selective Insurance Group, Inc.** | **Selective Insurance Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 04/15/35 *(a)* | 1980000 | 2043419 |
| **Stewart Information Services Corp.** | **Stewart Information Services Corp.** | **Stewart Information Services Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 11/15/31 *(a)* | 2195000 | 1944177 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Travelers Cos., Inc.** | **Travelers Cos., Inc.** | **Travelers Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/24/35 *(a)* | 2480000 | 2486274 |
| **Travelers Property Casualty Corp.** | **Travelers Property Casualty Corp.** | **Travelers Property Casualty Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/15/33  | 2290000 | 2546274 |
| **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** | **UnitedHealth Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/15/31 *(a)* | 4815000 | 4888092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/15/31 *(a)* | 7090000 | 6362070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/32 *(a)* | 7230000 | 7310831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 05/15/32 *(a)* | 7220000 | 7043543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/15/33 *(a)* | 9510000 | 9766104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 04/15/33 *(a)* | 7220000 | 7058416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/34 *(a)* | 6025000 | 6034218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 07/15/34 *(a)* | 9530000 | 9620058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/35 *(a)(c)* | 4820000 | 4918858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 07/15/35  | 4815000 | 4664435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/36  | 4050000 | 4237231 |
| **Unum Group** | **Unum Group** | **Unum Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/15/35 *(a)* | 1470000 | 1437293 |
| **Voya Financial, Inc.** | **Voya Financial, Inc.** | **Voya Financial, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/20/34 *(a)* | 1950000 | 1901172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/02/36 *(a)* | 1850000 | 1788506 |
| **Willis North America, Inc.** | **Willis North America, Inc.** | **Willis North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 05/15/33 *(a)* | 3538000 | 3581093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/36 *(a)* | 1420000 | 1386261 |
|  |  | **456062691** |
| ***REITs 3.7%***  | ***REITs 3.7%***  | ***REITs 3.7%***  |
| **Agree LP** | **Agree LP** | **Agree LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/01/32 *(a)* | 1470000 | 1455256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 06/15/33 *(a)* | 1410000 | 1196385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 06/15/34 *(a)* | 2190000 | 2237764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/15/35 *(a)* | 1900000 | 1952269 |
| **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** | **Alexandria Real Estate Equities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 08/15/31 *(a)* | 3520000 | 3248502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 05/18/32 *(a)* | 4198000 | 3517294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 02/01/33 *(a)* | 4820000 | 3907188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/15/34 *(a)* | 3827000 | 3236188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/35 *(a)* | 2510000 | 2377472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/01/35 *(a)* | 2665000 | 2658044 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/36 *(a)* | 3510000 | 3425409 |
| **American Assets Trust LP** | **American Assets Trust LP** | **American Assets Trust LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 10/01/34 *(a)* | 2545000 | 2525480 |
| **American Homes 4 Rent LP** | **American Homes 4 Rent LP** | **American Homes 4 Rent LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 07/15/31 *(a)* | 2200000 | 1938640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 04/15/32 *(a)* | 2715000 | 2511646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/01/34 *(a)* | 2835000 | 2863208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/15/34 *(a)* | 2320000 | 2324524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/35 *(a)* | 2480000 | 2443519 |
| **Americold Realty Operating Partnership LP** | **Americold Realty Operating Partnership LP** | **Americold Realty Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 05/15/32 *(a)* | 1985000 | 1960287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 09/12/34 *(a)* | 2400000 | 2286888 |
| **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** | **AvalonBay Communities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 01/15/32 *(a)* | 3375000 | 2934090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/33 *(a)* | 1700000 | 1717357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/07/33 *(a)* | 1820000 | 1869340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/01/34 *(a)* | 1965000 | 2015618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/35 *(a)* | 1925000 | 1913026 |
| **Boston Properties LP** | **Boston Properties LP** | **Boston Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 04/01/32 *(a)* | 3880000 | 3336994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 10/01/33 *(a)* | 4030000 | 3258456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 01/15/34 *(a)* | 3620000 | 3795208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/35 *(a)* | 3925000 | 3904943 |
| **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** | **Brixmor Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 08/16/31 *(a)* | 2460000 | 2188785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/32 *(a)* | 1850000 | 1863986 |

---

**135**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/15/33 *(a)* | 1935000 | 1903305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/34 *(a)* | 1915000 | 1945870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/35 *(a)* | 1970000 | 2027662 |
| **Broadstone Net Lease LLC** | **Broadstone Net Lease LLC** | **Broadstone Net Lease LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 09/15/31 *(a)* | 1835000 | 1610047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/32 *(a)* | 1500000 | 1479690 |
| **Camden Property Trust** | **Camden Property Trust** | **Camden Property Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/34 *(a)* | 1800000 | 1788894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/28/36 *(a)* | 2935000 | 2847772 |
| **COPT Defense Properties LP** | **COPT Defense Properties LP** | **COPT Defense Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/15/31 *(a)* | 2595000 | 2346814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/01/33 *(a)* | 2060000 | 1743131 |
| **Cousins Properties LP** | **Cousins Properties LP** | **Cousins Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/32 *(a)* | 1955000 | 1968157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/01/33 *(a)* | 2400000 | 2309160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/01/34 *(a)* | 2435000 | 2471574 |
| **CubeSmart LP** | **CubeSmart LP** | **CubeSmart LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/32 *(a)* | 2355000 | 2067643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/01/35 *(a)* | 2110000 | 2080755 |
| **DOC Dr. LLC** | **DOC Dr. LLC** | **DOC Dr. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 11/01/31 *(a)* | 2290000 | 2032856 |
| **EPR Properties** | **EPR Properties** | **EPR Properties** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 11/15/31 *(a)* | 1980000 | 1799167 |
| **ERP Operating LP** | **ERP Operating LP** | **ERP Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 08/01/31 *(a)* | 2448000 | 2143787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/32 *(a)* | 2480000 | 2498922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/15/34 *(a)* | 2820000 | 2751559 |
| **Essential Properties LP** | **Essential Properties LP** | **Essential Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 07/15/31 *(a)* | 2025000 | 1827097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 12/01/35 *(a)* | 1850000 | 1822620 |
| **Essex Portfolio LP** | **Essex Portfolio LP** | **Essex Portfolio LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 06/15/31 *(a)* | 1405000 | 1259400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 03/15/32 *(a)* | 3165000 | 2784409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/34 *(a)* | 2555000 | 2587040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/01/35 *(a)* | 1855000 | 1871918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/36 *(a)* | 1690000 | 1625729 |
| **Extra Space Storage LP** | **Extra Space Storage LP** | **Extra Space Storage LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 06/01/31 *(a)* | 2230000 | 1993107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 10/15/31 *(a)* | 2855000 | 2501094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 03/15/32 *(a)* | 2830000 | 2429244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/33 *(a)* | 3760000 | 3711646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/01/34 *(a)* | 2930000 | 2954055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/35 *(a)* | 1840000 | 1846219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/15/35 *(a)* | 2430000 | 2438894 |
| **Healthpeak OP LLC** | **Healthpeak OP LLC** | **Healthpeak OP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/15/32 *(a)* | 3660000 | 3685949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 *(a)* | 2455000 | 2402193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/35 *(a)* | 2450000 | 2458575 |
| **Highwoods Realty LP** | **Highwoods Realty LP** | **Highwoods Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/33 *(a)* | 1640000 | 1604707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.65%, 02/01/34 *(a)* | 1720000 | 1905106 |
| **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** | **Host Hotels & Resorts LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 12/15/31 *(a)* | 2115000 | 1882350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/32 *(a)* | 2410000 | 2472564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 07/01/34 *(a)* | 2860000 | 2894349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/15/35 *(a)* | 3405000 | 3379428 |
| **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** | **Invitation Homes Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/15/31 *(a)* | 3110000 | 2667602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/15/32 *(a)* | 2925000 | 2750699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/33 *(a)* | 2815000 | 2749720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/33 *(a)* | 1660000 | 1662706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 01/15/34 *(a)* | 1920000 | 1603258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/01/35 *(a)* | 2390000 | 2283215 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Kilroy Realty LP** | **Kilroy Realty LP** | **Kilroy Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 11/15/32 *(a)* | 2069000 | 1687704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 11/15/33 *(a)* | 2050000 | 1630775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 10/15/35 *(a)* | 1960000 | 1893066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/36 *(a)* | 1945000 | 1925472 |
| **Kimco Realty OP LLC** | **Kimco Realty OP LLC** | **Kimco Realty OP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 12/01/31 *(a)* | 2480000 | 2184384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 04/01/32 *(a)* | 2865000 | 2629382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/01/33 *(a)* | 3120000 | 3073699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 03/01/34 *(a)* | 2325000 | 2518882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/35 *(a)* | 2445000 | 2400452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/01/36 *(a)* | 2400000 | 2418864 |
| **Kite Realty Group LP** | **Kite Realty Group LP** | **Kite Realty Group LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/15/31 *(a)* | 1760000 | 1753981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/32 *(a)* | 1420000 | 1426859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/34 *(a)* | 1630000 | 1645240 |
| **LXP Industrial Trust** | **LXP Industrial Trust** | **LXP Industrial Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 10/01/31 *(a)* | 1880000 | 1633852 |
| **Mid-America Apartments LP** | **Mid-America Apartments LP** | **Mid-America Apartments LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/15/32 *(a)(c)* | 2040000 | 2099935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/15/33 *(a)* | 2520000 | 2480537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/34 *(a)* | 1755000 | 1746225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/01/35 *(a)* | 1780000 | 1760384 |
| **National Health Investors, Inc.** | **National Health Investors, Inc.** | **National Health Investors, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 02/01/33 *(a)* | 1735000 | 1705991 |
| **NNN REIT, Inc.** | **NNN REIT, Inc.** | **NNN REIT, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 10/15/33 *(a)* | 2370000 | 2439346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/34 *(a)* | 2440000 | 2479577 |
| **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** | **Omega Healthcare Investors, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/15/33 *(a)* | 3400000 | 2990844 |
| **Phillips Edison Grocery Center Operating Partnership I LP** | **Phillips Edison Grocery Center Operating Partnership I LP** | **Phillips Edison Grocery Center Operating Partnership I LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 11/15/31 *(a)* | 1695000 | 1503482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/15/32 *(a)* | 1800000 | 1810098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/33 *(a)* | 1310000 | 1278075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/34 *(a)* | 1675000 | 1722201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/35 *(a)* | 1675000 | 1622774 |
| **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** | **Piedmont Operating Partnership LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/01/32 *(a)* | 1405000 | 1181324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 01/15/33 *(a)* | 1960000 | 1905865 |
| **Prologis LP** | **Prologis LP** | **Prologis LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/15/32 *(a)* | 2335000 | 2051998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/33 *(a)* | 3160000 | 3127894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 06/15/33 *(a)* | 3605000 | 3578287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 01/15/34 *(a)* | 3520000 | 3560515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/34 *(a)* | 3730000 | 3738579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/31/35 *(a)* | 3300000 | 3289803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/35 *(a)* | 3610000 | 3671478 |
| **Public Storage Operating Co.** | **Public Storage Operating Co.** | **Public Storage Operating Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/01/31 *(a)* | 3225000 | 2898501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 11/09/31 *(a)* | 2480000 | 2199264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/01/33 *(a)* | 3395000 | 3470369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/35 *(a)* | 1905000 | 1910467 |
| **Realty Income Corp.** | **Realty Income Corp.** | **Realty Income Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 02/15/32 *(a)* | 1620000 | 1445008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 10/13/32 *(a)* | 3630000 | 3788849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 12/15/32 *(a)* | 3300000 | 2928684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/01/33 *(a)* | 1930000 | 1884066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 03/15/33 *(a)* | 2010000 | 1657647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/15/33 *(a)* | 2960000 | 2955442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/34 *(a)* | 3715000 | 3745760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 04/15/35 *(a)* | 2915000 | 2918789 |
| **Regency Centers LP** | **Regency Centers LP** | **Regency Centers LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/32 *(a)* | 1965000 | 1978067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/15/33 *(a)* | 2160000 | 2106994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/34 *(a)* | 1945000 | 1967737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/15/35 *(a)* | 1495000 | 1491128 |

---

**136**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** | **Rexford Industrial Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 09/01/31 *(a)* | 1890000 | 1641295 |
| **Sabra Health Care LP** | **Sabra Health Care LP** | **Sabra Health Care LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 12/01/31 *(a)* | 3875000 | 3501799 |
| **Safehold GL Holdings LLC** | **Safehold GL Holdings LLC** | **Safehold GL Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/15/31 *(a)* | 1985000 | 1800177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 01/15/32 *(a)* | 1715000 | 1534205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 04/01/34 *(a)(c)* | 1360000 | 1432121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/15/35 *(a)(c)* | 1960000 | 1986284 |
| **Simon Property Group LP** | **Simon Property Group LP** | **Simon Property Group LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/15/32 *(a)* | 3325000 | 2907480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 02/01/32 *(a)* | 3390000 | 3023202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/08/33 *(a)* | 3190000 | 3308732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/34 *(a)* | 2420000 | 2603049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/26/34 *(a)* | 4705000 | 4607277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 10/01/35 *(a)* | 3885000 | 3894829 |
| **Store Capital LLC** | **Store Capital LLC** | **Store Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 12/01/31 *(a)* | 1835000 | 1600028 |
| **Sun Communities Operating LP** | **Sun Communities Operating LP** | **Sun Communities Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 07/15/31 *(a)* | 3635000 | 3256269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/32 *(a)* | 2930000 | 2792935 |
| **Tanger Properties LP** | **Tanger Properties LP** | **Tanger Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 09/01/31 *(a)* | 1975000 | 1765650 |
| **UDR, Inc.** | **UDR, Inc.** | **UDR, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/15/31 *(a)* | 2885000 | 2645055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 08/01/32 *(a)* | 1955000 | 1655533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 03/15/33 *(a)* | 1715000 | 1405237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 06/15/33 *(a)* | 1395000 | 1149759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/01/34 *(a)* | 1380000 | 1371706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 11/01/34 *(a)* | 1475000 | 1264341 |
| **Ventas Realty LP** | **Ventas Realty LP** | **Ventas Realty LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/01/31 *(a)* | 2440000 | 2173162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/15/32 *(a)* | 2460000 | 2473825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 07/01/34 *(a)* | 2460000 | 2523616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 *(a)* | 2550000 | 2506089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/36 *(a)* | 2410000 | 2357052 |
| **Welltower OP LLC** | **Welltower OP LLC** | **Welltower OP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/01/31 *(a)* | 3630000 | 3326024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 01/15/32 *(a)* | 2445000 | 2199498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 06/15/32 *(a)* | 2630000 | 2508599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 07/01/35 *(a)* | 6010000 | 6024845 |
| **WP Carey, Inc.** | **WP Carey, Inc.** | **WP Carey, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/01/32 *(a)* | 1735000 | 1513805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/01/33 *(a)* | 2060000 | 1709120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/30/34 *(a)* | 1940000 | 1942309 |
|  |  | **387054927** |
|  |  | **3784503576** |
| **Industrial 52.3%** | **Industrial 52.3%** | **Industrial 52.3%** |
| ***Basic Industry 2.3%***  | ***Basic Industry 2.3%***  | ***Basic Industry 2.3%***  |
| **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** | **Air Products & Chemicals, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/11/32 *(a)* | 2375000 | 2408654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/03/33 *(a)* | 2915000 | 2940856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/08/34 *(a)* | 5550000 | 5557659 |
| **Albemarle Corp.** | **Albemarle Corp.** | **Albemarle Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/01/32 *(a)* | 1940000 | 1948264 |
| **ArcelorMittal SA** | **ArcelorMittal SA** | **ArcelorMittal SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 11/29/32 *(a)(c)* | 4835000 | 5342337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/17/34 *(a)(c)* | 2400000 | 2531088 |
| **Barrick Mining Corp.** | **Barrick Mining Corp.** | **Barrick Mining Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 10/15/35  | 1450000 | 1584517 |
| **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** | **BHP Billiton Finance USA Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/21/32 *(a)* | 3595000 | 3668913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/28/33 *(a)* | 3535000 | 3550766 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/08/33 *(a)* | 7160000 | 7325754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/21/35 *(a)* | 6020000 | 6132213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/36 *(a)* | 2415000 | 2417318 |
| **Cabot Corp.** | **Cabot Corp.** | **Cabot Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/30/32 *(a)* | 1960000 | 1959098 |
| **CF Industries, Inc.** | **CF Industries, Inc.** | **CF Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/34  | 3560000 | 3542164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 11/26/35 *(a)* | 4765000 | 4752802 |
| **Dow Chemical Co.** | **Dow Chemical Co.** | **Dow Chemical Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 03/15/33 *(a)* | 2680000 | 2813384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/34 *(a)* | 2875000 | 2803585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/01/34 *(a)* | 2320000 | 2109622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/35 *(a)* | 1975000 | 1946935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/36 *(a)* | 3090000 | 3060614 |
| **Eastman Chemical Co.** | **Eastman Chemical Co.** | **Eastman Chemical Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/08/33 *(a)* | 2465000 | 2553296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/20/34 *(a)* | 3590000 | 3642342 |
| **Ecolab, Inc.** | **Ecolab, Inc.** | **Ecolab, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 02/01/32 *(a)* | 3145000 | 2763260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/35 *(a)* | 2345000 | 2352410 |
| **EIDP, Inc.** | **EIDP, Inc.** | **EIDP, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/32 *(a)* | 2410000 | 2447596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/33 *(a)* | 2885000 | 2857016 |
| **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** | **Freeport-McMoRan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 11/14/34 *(a)* | 3540000 | 3594870 |
| **Georgia-Pacific LLC** | **Georgia-Pacific LLC** | **Georgia-Pacific LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.88%, 05/15/31  | 1945000 | 2321358 |
| **Gerdau Trade, Inc.** | **Gerdau Trade, Inc.** | **Gerdau Trade, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/09/35 *(a)* | 3095000 | 3139166 |
| **International Paper Co.** | **International Paper Co.** | **International Paper Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/35 *(a)* | 2010000 | 1974524 |
| **Kinross Gold Corp.** | **Kinross Gold Corp.** | **Kinross Gold Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/15/33 *(a)* | 2435000 | 2597828 |
| **Lubrizol Corp.** | **Lubrizol Corp.** | **Lubrizol Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/01/34  | 1450000 | 1623971 |
| **LYB International Finance III LLC** | **LYB International Finance III LLC** | **LYB International Finance III LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/33 *(a)* | 2390000 | 2411104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/34 *(a)* | 3545000 | 3526212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 05/15/35 *(a)* | 2395000 | 2466994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 01/15/36 *(a)* | 4820000 | 4837400 |
| **Mosaic Co.** | **Mosaic Co.** | **Mosaic Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/15/33 *(a)* | 2425000 | 2451990 |
| **Newmont Corp.** | **Newmont Corp.** | **Newmont Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 07/15/32 *(a)* | 3925000 | 3555069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/01/35  | 2165000 | 2297411 |
| **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** | **Newmont Corp./Newcrest Finance Pty. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/34 *(a)* | 4890000 | 5036651 |
| **Nucor Corp.** | **Nucor Corp.** | **Nucor Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 04/01/32 *(a)* | 2735000 | 2521397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/01/35 *(a)* | 2345000 | 2369716 |
| **Nutrien Ltd.** | **Nutrien Ltd.** | **Nutrien Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/12/32 *(a)* | 2795000 | 2857496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/21/34 *(a)* | 2895000 | 2945952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 03/15/35 *(a)* | 2110000 | 1936178 |
| **Packaging Corp. of America** | **Packaging Corp. of America** | **Packaging Corp. of America** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 12/01/33 *(a)* | 1955000 | 2029622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/35 *(a)* | 2355000 | 2341058 |
| **Rayonier LP** | **Rayonier LP** | **Rayonier LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/17/31 *(a)* | 2200000 | 1982354 |
| **Rio Tinto Alcan, Inc.** | **Rio Tinto Alcan, Inc.** | **Rio Tinto Alcan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 12/15/33  | 3775000 | 4054161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/01/35  | 1475000 | 1542437 |

---

**137**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** | **Rio Tinto Finance USA PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/14/32 *(a)* | 5860000 | 5980775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/09/33 *(a)* | 3045000 | 3098562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/14/35 *(a)* | 8250000 | 8384557 |
| **RPM International, Inc.** | **RPM International, Inc.** | **RPM International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 01/15/32 *(a)* | 1500000 | 1350270 |
| **Sherwin-Williams Co.** | **Sherwin-Williams Co.** | **Sherwin-Williams Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/01/31 *(a)* | 2125000 | 2144593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 03/15/32 *(a)* | 2375000 | 2064944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/15/35 *(a)* | 2390000 | 2400588 |
| **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** | **Smurfit Kappa Treasury ULC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.44%, 04/03/34 *(a)* | 4640000 | 4702037 |
| **Smurfit Westrock Financing DAC** | **Smurfit Westrock Financing DAC** | **Smurfit Westrock Financing DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 01/15/35 *(a)* | 4095000 | 4129070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.19%, 01/15/36 *(a)* | 3870000 | 3810789 |
| **Southern Copper Corp.** | **Southern Copper Corp.** | **Southern Copper Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 07/27/35  | 4725000 | 5401903 |
| **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** | **Steel Dynamics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 08/15/34 *(a)* | 2785000 | 2811290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/35 *(a)* | 3605000 | 3610408 |
| **Suzano Austria GmbH** | **Suzano Austria GmbH** | **Suzano Austria GmbH** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.13%, 01/15/32 *(a)* | 4910000 | 4311864 |
| **Suzano Netherlands BV** | **Suzano Netherlands BV** | **Suzano Netherlands BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/36 *(a)* | 4630000 | 4471098 |
| **Vale Overseas Ltd.** | **Vale Overseas Ltd.** | **Vale Overseas Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 06/12/33 *(a)* | 7190000 | 7482130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.25%, 01/17/34  | 1588000 | 1857547 |
| **Westlake Corp.** | **Westlake Corp.** | **Westlake Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/15/35 *(a)* | 2875000 | 2864219 |
| **Weyerhaeuser Co.** | **Weyerhaeuser Co.** | **Weyerhaeuser Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 03/15/32  | 3155000 | 3519781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/09/33 *(a)(c)* | 2200000 | 1985654 |
| **WRKCo, Inc.** | **WRKCo, Inc.** | **WRKCo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 06/01/32 *(a)* | 2450000 | 2353127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/15/33 *(a)* | 2935000 | 2579982 |
| **Yamana Gold, Inc.** | **Yamana Gold, Inc.** | **Yamana Gold, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 08/15/31 *(a)(e)* | 2420000 | 2149323 |
|  |  | **234891893** |
| ***Capital Goods 5.2%***  | ***Capital Goods 5.2%***  | ***Capital Goods 5.2%***  |
| **3M Co.** | **3M Co.** | **3M Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/35 *(a)* | 2600000 | 2623712 |
| **AGCO Corp.** | **AGCO Corp.** | **AGCO Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/21/34 *(a)* | 3350000 | 3428557 |
| **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** | **Allegion U.S. Holding Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.41%, 07/01/32 *(a)* | 2715000 | 2774268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 05/29/34 *(a)* | 1995000 | 2036895 |
| **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** | **Amcor Finance USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/26/33 *(a)* | 2285000 | 2341668 |
| **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** | **Amcor Flexibles North America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.69%, 05/25/31 *(a)* | 3855000 | 3477634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/17/35 *(a)* | 3615000 | 3662826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/12/36 *(a)* | 3520000 | 3421792 |
| **Amphenol Corp.** | **Amphenol Corp.** | **Amphenol Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 09/15/31 *(a)* | 3580000 | 3176785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/15/33 *(a)* | 6065000 | 5925990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/05/34 *(a)* | 2895000 | 2961209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 *(a)* | 3620000 | 3621339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/36 *(a)* | 7670000 | 7419805 |
| **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** | **Amrize Finance U.S. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/07/35 *(a)* | 4690000 | 4775874 |
| **AptarGroup, Inc.** | **AptarGroup, Inc.** | **AptarGroup, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 03/15/32 *(a)* | 1920000 | 1783910 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Avery Dennison Corp.** | **Avery Dennison Corp.** | **Avery Dennison Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 02/15/32 *(a)* | 2260000 | 1966019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/33 *(a)* | 2020000 | 2106436 |
| **Berry Global, Inc.** | **Berry Global, Inc.** | **Berry Global, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 06/15/31 *(a)* | 3880000 | 4021775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 01/15/34 *(a)* | 3880000 | 3969667 |
| **Boeing Co.** | **Boeing Co.** | **Boeing Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.39%, 05/01/31 *(a)* | 4660000 | 4975715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 02/15/33  | 1920000 | 2043744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 05/01/34 *(a)* | 4075000 | 3649040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.53%, 05/01/34 *(a)* | 11955000 | 13038123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/01/35 *(a)* | 3650000 | 3132284 |
| **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** | **Carlisle Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 03/01/32 *(a)* | 2665000 | 2298109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/35 *(a)* | 2440000 | 2442416 |
| **Carrier Global Corp.** | **Carrier Global Corp.** | **Carrier Global Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/15/34 *(a)* | 4165000 | 4397699 |
| **Caterpillar, Inc.** | **Caterpillar, Inc.** | **Caterpillar, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/15/35 *(a)* | 8125000 | 8331375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/15/35  | 1500000 | 1569060 |
| **CRH America Finance, Inc.** | **CRH America Finance, Inc.** | **CRH America Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/21/34 *(a)(c)* | 3615000 | 3687878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/09/35 *(a)* | 6050000 | 6188908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/09/36 *(a)* | 4790000 | 4706031 |
| **Deere & Co.** | **Deere & Co.** | **Deere & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/16/35 *(a)* | 5855000 | 6087970 |
| **Dover Corp.** | **Dover Corp.** | **Dover Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 10/15/35  | 1480000 | 1542116 |
| **Eagle Materials, Inc.** | **Eagle Materials, Inc.** | **Eagle Materials, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/01/31 *(a)* | 3590000 | 3212081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/36 *(a)* | 3490000 | 3341989 |
| **Eaton Corp.** | **Eaton Corp.** | **Eaton Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/02/32  | 3315000 | 3212169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/06/33 *(a)* | 4730000 | 4665435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 03/15/33 *(a)* | 6045000 | 5882329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/06/36 *(a)* | 9470000 | 9355602 |
| **Embraer Netherlands Finance BV** | **Embraer Netherlands Finance BV** | **Embraer Netherlands Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.98%, 02/11/35 *(a)* | 3110000 | 3202585 |
| **Emerson Electric Co.** | **Emerson Electric Co.** | **Emerson Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 12/21/31 *(a)* | 4685000 | 4163794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/35 *(a)* | 2425000 | 2442387 |
| **Ferguson Enterprises, Inc.** | **Ferguson Enterprises, Inc.** | **Ferguson Enterprises, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/03/34 *(a)* | 3670000 | 3632676 |
| **Flowserve Corp.** | **Flowserve Corp.** | **Flowserve Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 01/15/32 *(a)* | 2445000 | 2158886 |
| **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** | **Fortune Brands Innovations, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/25/32 *(a)* | 2170000 | 2052408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/01/33 *(a)* | 2840000 | 2946415 |
| **GE Capital Funding LLC** | **GE Capital Funding LLC** | **GE Capital Funding LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 05/15/32 *(a)* | 2230000 | 2224403 |
| **GE Capital International Funding Co. Unlimited Co.** | **GE Capital International Funding Co. Unlimited Co.** | **GE Capital International Funding Co. Unlimited Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.42%, 11/15/35  | 5185000 | 4979259 |
| **GE Vernova, Inc.** | **GE Vernova, Inc.** | **GE Vernova, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/04/36 *(a)* | 4860000 | 4819419 |
| **General Dynamics Corp.** | **General Dynamics Corp.** | **General Dynamics Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/01/31 *(a)* | 2410000 | 2170157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/35 *(a)* | 3645000 | 3671171 |
| **General Electric Co.** | **General Electric Co.** | **General Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/32  | 6070000 | 6778005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/29/36 *(a)* | 4720000 | 4723682 |
| **HEICO Corp.** | **HEICO Corp.** | **HEICO Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 08/01/33 *(a)* | 2920000 | 2972472 |
| **Hexcel Corp.** | **Hexcel Corp.** | **Hexcel Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/26/35 *(a)* | 1480000 | 1522491 |

---

**138**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Honeywell Aerospace, Inc.** | **Honeywell Aerospace, Inc.** | **Honeywell Aerospace, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/16/33 *(a)(e)* | 8500000 | 8399785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/16/36 *(a)(e)* | 15440000 | 15326670 |
| **Honeywell International, Inc.** | **Honeywell International, Inc.** | **Honeywell International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 09/01/31 *(a)* | 7335000 | 6364726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/33 *(a)(c)* | 2220000 | 2277631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/15/34 *(a)* | 4615000 | 4545821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/35 *(a)* | 2440000 | 2470598 |
| **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** | **Howmet Aerospace, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/31 *(a)* | 2380000 | 2407608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/15/32 *(a)* | 2385000 | 2358813 |
| **Hubbell, Inc.** | **Hubbell, Inc.** | **Hubbell, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/35 *(a)* | 1955000 | 1904639 |
| **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** | **Huntington Ingalls Industries, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/35 *(a)* | 2395000 | 2478969 |
| **IDEX Corp.** | **IDEX Corp.** | **IDEX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 06/15/31 *(a)* | 2405000 | 2170777 |
| **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** | **Ingersoll Rand, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.31%, 06/15/31 *(a)* | 2390000 | 2454052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 08/14/33 *(a)* | 4830000 | 5018467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/15/34 *(a)* | 3610000 | 3689600 |
| **John Deere Capital Corp.** | **John Deere Capital Corp.** | **John Deere Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 06/17/31  | 2910000 | 2584429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/08/31  | 5770000 | 5765499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/07/32  | 2431000 | 2358070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 09/15/32  | 2760000 | 2739907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/08/33  | 4820000 | 4974433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/11/34  | 4835000 | 4927880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/12/34  | 3860000 | 3923767 |
| **Johnson Controls International PLC** | **Johnson Controls International PLC** | **Johnson Controls International PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/36  | 1665000 | 1770961 |
| **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** | **Johnson Controls International PLC/Tyco Fire & Security Finance SCA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 09/16/31 *(a)* | 2445000 | 2134803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/01/32 *(a)* | 3150000 | 3163829 |
| **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** | **L3Harris Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/31 *(a)* | 3660000 | 3749341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/31/33 *(a)* | 7265000 | 7460211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 06/01/34 *(a)* | 3630000 | 3696066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 04/27/35 *(a)* | 1810000 | 1776931 |
| **Lockheed Martin Corp.** | **Lockheed Martin Corp.** | **Lockheed Martin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/15/31 *(a)* | 2915000 | 2954178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 06/15/32 *(a)* | 3850000 | 3742084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/33 *(a)* | 4855000 | 5061580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/34 *(a)* | 4055000 | 4068179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/15/34 *(a)* | 2785000 | 2786142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 03/01/35 *(a)* | 2440000 | 2226305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/35 *(a)* | 3530000 | 3563853 |
| **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** | **Martin Marietta Materials, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 07/15/31 *(a)* | 4400000 | 3921632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 12/01/34 *(a)* | 3515000 | 3521397 |
| **Nordson Corp.** | **Nordson Corp.** | **Nordson Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 09/15/33 *(a)* | 2390000 | 2484979 |
| **Northrop Grumman Corp.** | **Northrop Grumman Corp.** | **Northrop Grumman Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/15/33 *(a)* | 4805000 | 4800916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/01/34 *(a)* | 4100000 | 4097335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/15/35 *(a)* | 2285000 | 2330586 |
| **nVent Finance SARL** | **nVent Finance SARL** | **nVent Finance SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/15/31 *(a)* | 1470000 | 1307844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 05/15/33 *(a)* | 2260000 | 2323800 |
| **Otis Worldwide Corp.** | **Otis Worldwide Corp.** | **Otis Worldwide Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/19/31 *(a)* | 2780000 | 2842661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 09/04/35 *(a)* | 2495000 | 2489636 |
| **Owens Corning** | **Owens Corning** | **Owens Corning** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/15/34 *(a)* | 3870000 | 4010094 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** | **Parker-Hannifin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/21/34 *(a)* | 2445000 | 2344315 |
| **Pentair Finance SARL** | **Pentair Finance SARL** | **Pentair Finance SARL** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 07/15/32 *(a)* | 1905000 | 1995735 |
| **Regal Rexnord Corp.** | **Regal Rexnord Corp.** | **Regal Rexnord Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 04/15/33 *(a)* | 5905000 | 6240581 |
| **Republic Services, Inc.** | **Republic Services, Inc.** | **Republic Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 02/15/32 *(a)* | 3620000 | 3102593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/33 *(a)* | 3270000 | 2828387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/33 *(a)* | 3145000 | 3202491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/34 *(a)* | 3865000 | 3909100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/15/34 *(a)* | 2335000 | 2383942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/35 *(a)* | 3350000 | 3417837 |
| **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** | **Rockwell Automation, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/15/31 *(a)* | 2135000 | 1857962 |
| **RTX Corp.** | **RTX Corp.** | **RTX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 09/01/31 *(a)* | 4830000 | 4211422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 03/15/32 *(a)* | 4795000 | 4228087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/27/33 *(a)* | 6180000 | 6310583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/34 *(a)* | 7000000 | 7546280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/01/35  | 2135000 | 2201655 |
| **Sonoco Products Co.** | **Sonoco Products Co.** | **Sonoco Products Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 02/01/32 *(a)* | 2375000 | 2127145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/34 *(a)* | 3350000 | 3282431 |
| **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** | **Stanley Black & Decker, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/32 *(a)* | 2390000 | 2155876 |
| **Textron, Inc.** | **Textron, Inc.** | **Textron, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 11/15/33 *(a)* | 1690000 | 1783373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/35 *(a)* | 2380000 | 2421650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/36 *(a)* | 2330000 | 2268255 |
| **Timken Co.** | **Timken Co.** | **Timken Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 04/01/32 *(a)* | 1740000 | 1646980 |
| **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** | **Trane Technologies Financing Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/03/33 *(a)* | 3340000 | 3430948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/13/34 *(a)* | 2455000 | 2488290 |
| **Tyco Electronics Group SA** | **Tyco Electronics Group SA** | **Tyco Electronics Group SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/04/32 *(a)* | 2855000 | 2539151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/09/35 *(a)* | 2110000 | 2106772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/09/36 *(a)* | 2660000 | 2633134 |
| **Veralto Corp.** | **Veralto Corp.** | **Veralto Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/18/33 *(a)* | 3395000 | 3470301 |
| **Vertiv Holdings Co.** | **Vertiv Holdings Co.** | **Vertiv Holdings Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/36 *(a)* | 2800000 | 2724400 |
| **Vontier Corp.** | **Vontier Corp.** | **Vontier Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 04/01/31 *(a)* | 2840000 | 2583718 |
| **Vulcan Materials Co.** | **Vulcan Materials Co.** | **Vulcan Materials Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/01/34 *(a)* | 3560000 | 3621196 |
| **Waste Connections, Inc.** | **Waste Connections, Inc.** | **Waste Connections, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 01/15/32 *(a)* | 3115000 | 2737867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 06/01/32 *(a)* | 2450000 | 2267279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 01/15/33 *(a)* | 3655000 | 3539246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/34 *(a)* | 3540000 | 3564037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/35 *(a)* | 2420000 | 2471667 |
| **Waste Management, Inc.** | **Waste Management, Inc.** | **Waste Management, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 07/03/31 *(a)* | 3645000 | 3729163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/32 *(a)* | 3525000 | 3581294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/15/32 *(a)* | 4706000 | 4618610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 02/15/33 *(a)* | 2445000 | 2449939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 02/15/34 *(a)* | 5935000 | 6007110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/35 *(a)* | 7235000 | 7260684 |
| **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** | **Westinghouse Air Brake Technologies Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.61%, 03/11/34 *(a)* | 2470000 | 2542346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/29/35 *(a)* | 3545000 | 3627031 |

---

**139**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **WW Grainger, Inc.** | **WW Grainger, Inc.** | **WW Grainger, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/15/34 *(a)* | 2365000 | 2330447 |
|  |  | **536935238** |
| ***Communications 6.1%***  | ***Communications 6.1%***  | ***Communications 6.1%***  |
| **America Movil SAB de CV** | **America Movil SAB de CV** | **America Movil SAB de CV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 07/21/32 *(a)* | 3540000 | 3502405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/20/33 *(a)* | 2395000 | 2398305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/01/35  | 4710000 | 5113317 |
| **American Tower Corp.** | **American Tower Corp.** | **American Tower Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/15/31 *(a)* | 3275000 | 2974683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 09/15/31 *(a)* | 3340000 | 2941104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/15/32 *(a)* | 3125000 | 2996250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/15/32 *(a)* | 4055000 | 3987038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/33 *(a)* | 3830000 | 3964050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 07/15/33 *(a)* | 4090000 | 4205502 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/33 *(a)* | 3605000 | 3776742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/15/34 *(a)* | 3060000 | 3116120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/31/35 *(a)* | 2870000 | 2897495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/35 *(a)* | 3450000 | 3476186 |
| **AppLovin Corp.** | **AppLovin Corp.** | **AppLovin Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 12/01/31 *(a)* | 4270000 | 4313682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/01/34 *(a)* | 4735000 | 4699061 |
| **AT&T, Inc.** | **AT&T, Inc.** | **AT&T, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 04/30/31 *(a)* | 7215000 | 7144582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 06/01/31 *(a)* | 14450000 | 13212357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 02/01/32 *(a)* | 11920000 | 10421418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 11/01/32 *(a)* | 5550000 | 5456427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/30/33 *(a)* | 6025000 | 5975715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 12/01/33 *(a)* | 17980000 | 15227622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/15/34 *(a)* | 13065000 | 13377253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/35 *(a)* | 11920000 | 11310650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 08/15/35 *(a)* | 5965000 | 6044156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/01/35 *(a)* | 6040000 | 5898483 |
| **Bell Telephone Co. of Canada or Bell Canada** | **Bell Telephone Co. of Canada or Bell Canada** | **Bell Telephone Co. of Canada or Bell Canada** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 02/15/32 *(a)* | 1965000 | 1688957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/11/33 *(a)* | 4045000 | 4056407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/34 *(a)* | 3330000 | 3343853 |
| **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** | **Charter Communications Operating LLC/Charter Communications Operating** <br> **Capital** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 04/01/31 *(a)* | 7545000 | 6774278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/01/32 *(a)(c)* | 4800000 | 4115184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 04/01/33 *(a)* | 4730000 | 4419475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 02/01/34 *(a)* | 4320000 | 4510080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 06/01/34 *(a)* | 7205000 | 7485058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 10/23/35 *(a)* | 9595000 | 9772891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 12/01/35 *(a)* | 5995000 | 5899500 |
| **Comcast Corp.** | **Comcast Corp.** | **Comcast Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/15/32 *(a)* | 3120000 | 3152698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/15/32 *(a)* | 4835000 | 5031591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/15/33  | 8190000 | 7923252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 02/15/33 *(a)* | 4810000 | 4767335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.05%, 03/15/33  | 3615000 | 4066297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/33 *(a)* | 4755000 | 4738690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/01/34 *(a)* | 6245000 | 6344233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 08/15/34 *(a)* | 4620000 | 4353426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/35 *(a)(c)* | 4075000 | 4151121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/15/35  | 3590000 | 3716440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 08/15/35 *(a)* | 3850000 | 3637211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 11/15/35  | 2980000 | 3261521 |
| **Crown Castle, Inc.** | **Crown Castle, Inc.** | **Crown Castle, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 04/01/31 *(a)* | 4785000 | 4171228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/15/31 *(a)* | 3560000 | 3139066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/01/33 *(a)* | 3570000 | 3525197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/01/34 *(a)* | 3580000 | 3670037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/01/34 *(a)* | 3330000 | 3295068 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** | **Deutsche Telekom International Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.25%, 06/01/32  | 2360000 | 2898741 |
| **Electronic Arts, Inc.** | **Electronic Arts, Inc.** | **Electronic Arts, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 02/15/31 *(a)* | 3440000 | 3169238 |
| **Fox Corp.** | **Fox Corp.** | **Fox Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 10/13/33 *(a)* | 5870000 | 6301797 |
| **Meta Platforms, Inc.** | **Meta Platforms, Inc.** | **Meta Platforms, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 08/15/31 *(a)* | 4280000 | 4304225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 08/15/32 *(a)* | 14260000 | 13607890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/32 *(a)* | 19185000 | 18990464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/15/33 *(a)* | 8395000 | 8468372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/15/34 *(a)* | 11995000 | 11870372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/35 *(a)* | 31145000 | 30566326 |
| **Netflix, Inc.** | **Netflix, Inc.** | **Netflix, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/15/34 *(a)* | 4735000 | 4775437 |
| **Omnicom Group, Inc.** | **Omnicom Group, Inc.** | **Omnicom Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 08/01/31 *(a)* | 3340000 | 2991872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/02/33 *(a)* | 3290000 | 3213804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 11/01/34 *(a)* | 2720000 | 2692610 |
| **Rogers Communications, Inc.** | **Rogers Communications, Inc.** | **Rogers Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 03/15/32 *(a)* | 9050000 | 8457225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 02/15/34 *(a)* | 6090000 | 6065335 |
| **Sprint Capital Corp.** | **Sprint Capital Corp.** | **Sprint Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 03/15/32  | 9540000 | 11358419 |
| **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** | **Take-Two Interactive Software, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 04/14/32 *(a)* | 1875000 | 1788919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/12/34 *(a)* | 1365000 | 1389106 |
| **TELUS Corp.** | **TELUS Corp.** | **TELUS Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 05/13/32 *(a)* | 4210000 | 3842678 |
| **Time Warner Cable Enterprises LLC** | **Time Warner Cable Enterprises LLC** | **Time Warner Cable Enterprises LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.38%, 07/15/33  | 4765000 | 5406226 |
| **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** | **T-Mobile USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/15/31 *(a)* | 11725000 | 11102520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 11/15/31 *(a)* | 4870000 | 4282045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 03/15/32 *(a)* | 4800000 | 4271904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/32 *(a)* | 6050000 | 6141052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 01/15/33 *(a)* | 3895000 | 3827188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/15/33 *(a)* | 6055000 | 6166775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/15/33 *(a)* | 12185000 | 12263715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.70%, 12/15/33  | 2395000 | 2637158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/34 *(a)* | 4670000 | 4878189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/15/34 *(a)* | 5850000 | 5897092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/15/35 *(a)* | 4320000 | 4180680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/35 *(a)* | 4665000 | 4711603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/15/35 *(a)* | 4880000 | 4794990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/36 *(a)* | 5580000 | 5494180 |
| **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** | **TWDC Enterprises 18 Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/01/32  | 2405000 | 2695428 |
| **Verizon Communications, Inc.** | **Verizon Communications, Inc.** | **Verizon Communications, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.36%, 03/15/32 *(a)* | 22295000 | 19466656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 *(a)* | 9665000 | 9552306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/09/33 *(a)* | 4895000 | 4963285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/10/33  | 10305000 | 10004300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 09/15/33  | 1510000 | 1643303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 11/01/34 *(a)* | 9150000 | 8709793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.78%, 02/15/35 *(a)* | 10550000 | 10238458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/02/35 *(a)* | 10865000 | 10882819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 09/15/35  | 2025000 | 2125643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.27%, 01/15/36  | 6250000 | 5785062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/36 *(a)* | 10775000 | 10553681 |
| **Vodafone Group PLC** | **Vodafone Group PLC** | **Vodafone Group PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/30/32  | 2310000 | 2474102 |
| **Walt Disney Co.** | **Walt Disney Co.** | **Walt Disney Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 03/15/33  | 1640000 | 1825090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 12/15/34  | 4740000 | 5229026 |

---

**140**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 12/15/35  | 4640000 | 5150539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/14/36  | 4680000 | 4557431 |
| **WPP LLC** | **WPP LLC** | **WPP LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/30/36 *(a)* | 2830000 | 2790578 |
|  |  | **624896344** |
| ***Consumer Cyclical 7.2%***  | ***Consumer Cyclical 7.2%***  | ***Consumer Cyclical 7.2%***  |
| **Airbnb, Inc.** | **Airbnb, Inc.** | **Airbnb, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/16/36 *(a)* | 3840000 | 3842419 |
| **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** | **Alibaba Group Holding Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/28/34 *(a)* | 3325000 | 3251784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/26/35 *(a)* | 5475000 | 5629395 |
| **Amazon.com, Inc.** | **Amazon.com, Inc.** | **Amazon.com, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 05/12/31 *(a)* | 14455000 | 12955438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 04/13/32 *(a)* | 12100000 | 11539407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/01/32 *(a)* | 10610000 | 10731060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/13/33 *(a)* | 19140000 | 18962764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 03/20/33 *(a)* | 7145000 | 7016962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 12/05/34 *(a)* | 5915000 | 5982254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/20/35 *(a)* | 16595000 | 16257790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/13/36 *(a)* | 28740000 | 28483927 |
| **American Honda Finance Corp.** | **American Honda Finance Corp.** | **American Honda Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/10/31  | 3565000 | 3575374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/23/31  | 3420000 | 3390178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 07/09/32  | 3635000 | 3641070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/10/34  | 3665000 | 3566411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/05/35  | 2430000 | 2384340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/08/36  | 2380000 | 2297485 |
| **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** | **Aptiv Swiss Holdings Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/01/32 *(a)* | 3525000 | 3312231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/13/34 *(a)* | 2580000 | 2639985 |
| **AutoNation, Inc.** | **AutoNation, Inc.** | **AutoNation, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 08/01/31 *(a)* | 2195000 | 1919681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 03/01/32 *(a)* | 3410000 | 3172596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.89%, 03/15/35 *(a)* | 2335000 | 2384689 |
| **AutoZone, Inc.** | **AutoZone, Inc.** | **AutoZone, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/01/32 *(a)* | 3450000 | 3424263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/01/33 *(a)* | 2735000 | 2700785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/01/33 *(a)* | 1325000 | 1340304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 11/01/33 *(a)* | 2485000 | 2707209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/15/34 *(a)* | 3405000 | 3461353 |
| **Block Financial LLC** | **Block Financial LLC** | **Block Financial LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 09/15/32 *(a)* | 1685000 | 1636910 |
| **BorgWarner, Inc.** | **BorgWarner, Inc.** | **BorgWarner, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/15/34 *(a)* | 2425000 | 2457810 |
| **CBRE Services, Inc.** | **CBRE Services, Inc.** | **CBRE Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 04/01/31 *(a)(c)* | 2370000 | 2121126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/33 *(a)* | 3640000 | 3599814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/15/34 *(a)* | 4770000 | 4970865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/35 *(a)* | 2300000 | 2324357 |
| **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** | **Choice Hotels International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 08/01/34 *(a)* | 2885000 | 2909176 |
| **Costco Wholesale Corp.** | **Costco Wholesale Corp.** | **Costco Wholesale Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 04/20/32 *(a)(c)* | 4810000 | 4160650 |
| **Cummins, Inc.** | **Cummins, Inc.** | **Cummins, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/20/34 *(a)* | 3550000 | 3610598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/09/35 *(a)* | 4795000 | 4892243 |
| **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** | **Darden Restaurants, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 10/10/33 *(a)* | 2430000 | 2602506 |
| **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** | **Dick's Sporting Goods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 01/15/32 *(a)* | 3645000 | 3317278 |
| **Dollar General Corp.** | **Dollar General Corp.** | **Dollar General Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/32 *(a)* | 3375000 | 3358733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/05/33 *(a)* | 4815000 | 4875091 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Dollar Tree, Inc.** | **Dollar Tree, Inc.** | **Dollar Tree, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 12/01/31 *(a)* | 3875000 | 3450455 |
| **DR Horton, Inc.** | **DR Horton, Inc.** | **DR Horton, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/34 *(a)* | 3355000 | 3313499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/35 *(a)* | 3370000 | 3423785 |
| **eBay, Inc.** | **eBay, Inc.** | **eBay, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 05/10/31 *(a)* | 3615000 | 3264309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 11/22/32 *(a)* | 2020000 | 2178348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/06/35 *(a)* | 1940000 | 1914683 |
| **Expedia Group, Inc.** | **Expedia Group, Inc.** | **Expedia Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/15/35 *(a)* | 4790000 | 4754698 |
| **Ford Motor Co.** | **Ford Motor Co.** | **Ford Motor Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 07/16/31  | 5150000 | 5563030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/12/32 *(a)* | 11900000 | 10343123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 08/19/32 *(a)* | 8295000 | 8363766 |
| **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** | **Ford Motor Credit Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 04/09/31 *(a)* | 7130000 | 7001303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 06/17/31 *(a)* | 4805000 | 4332668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 11/05/31 *(a)* | 6030000 | 6056230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.53%, 03/19/32 *(a)* | 3600000 | 3695544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/06/33 *(a)* | 4835000 | 4746955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.12%, 11/07/33 *(a)* | 5985000 | 6291013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/08/34 *(a)* | 7950000 | 7880437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/07/35 *(a)* | 5790000 | 5843673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.87%, 10/31/35 *(a)* | 4815000 | 4631500 |
| **General Motors Co.** | **General Motors Co.** | **General Motors Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 10/15/32 *(a)* | 5940000 | 6083273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/35  | 3565000 | 3419156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/15/35 *(a)(c)* | 2430000 | 2528780 |
| **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** | **General Motors Financial Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/10/31 *(a)* | 4855000 | 4357557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/18/31 *(a)* | 4840000 | 4955289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 01/12/32 *(a)* | 6005000 | 5389908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/04/32 *(a)* | 3645000 | 3729819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 01/09/33 *(a)* | 4790000 | 5077879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 01/07/34 *(a)* | 7170000 | 7455868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/04/34 *(a)* | 5690000 | 5844711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/06/34 *(a)* | 3660000 | 3633977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 01/07/35 *(a)* | 4810000 | 4899081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 07/15/35 *(a)* | 3605000 | 3728796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/08/36 *(a)(c)* | 2880000 | 2838672 |
| **Genuine Parts Co.** | **Genuine Parts Co.** | **Genuine Parts Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 02/01/32 *(a)* | 2400000 | 2078832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/01/33 *(a)* | 1825000 | 1973701 |
| **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** | **GLP Capital LP/GLP Financing II, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/15/32 *(a)* | 3817000 | 3409688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/33 *(a)* | 2895000 | 2838750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/01/33 *(a)* | 1950000 | 2060994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/15/34 *(a)* | 3855000 | 3796674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/01/36 *(a)* | 3740000 | 3640254 |
| **Home Depot, Inc.** | **Home Depot, Inc.** | **Home Depot, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 06/25/31 *(a)* | 4840000 | 4949965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 09/15/31 *(a)* | 4760000 | 4170950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 04/15/32 *(a)* | 6050000 | 5653422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/32 *(a)* | 6085000 | 6083114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/25/34 *(a)* | 8325000 | 8394097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/15/35 *(a)* | 4735000 | 4624627 |
| **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** | **Honda Motor Co. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.97%, 03/10/32 *(a)* | 3650000 | 3268685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.34%, 07/08/35 *(a)* | 4640000 | 4593554 |
| **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** | **Hyatt Hotels Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 12/15/31 *(a)* | 2180000 | 2212853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/30/32 *(a)* | 2420000 | 2487663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/30/34 *(a)* | 1605000 | 1621949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 12/15/35 *(a)* | 1875000 | 1838363 |

---

**141**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** | **Las Vegas Sands Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 08/15/34 *(a)* | 2440000 | 2508100 |
| **Lear Corp.** | **Lear Corp.** | **Lear Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 01/15/32 *(a)* | 1670000 | 1478000 |
| **LKQ Corp.** | **LKQ Corp.** | **LKQ Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/15/33 *(a)* | 2875000 | 2961883 |
| **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** | **Lowe's Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.63%, 04/01/31 *(a)* | 7120000 | 6471938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/01/32 *(a)* | 7205000 | 6825513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/32 *(a)* | 6260000 | 6157211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/33 *(a)* | 5995000 | 6039783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 07/01/33 *(a)* | 4795000 | 4856520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/35 *(a)* | 5800000 | 5650128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/15/35  | 1680000 | 1720068 |
| **Magna International, Inc.** | **Magna International, Inc.** | **Magna International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/21/33 *(a)* | 2370000 | 2434346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/01/35 *(a)* | 1935000 | 2005550 |
| **Marriott International, Inc.** | **Marriott International, Inc.** | **Marriott International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 04/15/31 *(a)* | 5180000 | 4745916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/31 *(a)(c)* | 2395000 | 2367649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/15/32 *(a)* | 2440000 | 2481456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 10/15/32 *(a)* | 4730000 | 4352924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/01/33 *(a)* | 2875000 | 2777653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 10/15/33 *(a)* | 3405000 | 2945291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/34 *(a)* | 4790000 | 4839529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/35 *(a)* | 4815000 | 4848175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/15/35 *(a)* | 2880000 | 2867731 |
| **McDonald's Corp.** | **McDonald's Corp.** | **McDonald's Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/09/32 *(a)* | 3525000 | 3537901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/14/33 *(a)* | 2775000 | 2822009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 05/17/34 *(a)* | 2335000 | 2389639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/03/35 *(a)* | 4320000 | 4302158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 12/09/35 *(a)* | 3620000 | 3549772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/13/36 *(a)* | 3535000 | 3524642 |
| **MercadoLibre, Inc.** | **MercadoLibre, Inc.** | **MercadoLibre, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/33 *(a)* | 3630000 | 3504765 |
| **Meritage Homes Corp.** | **Meritage Homes Corp.** | **Meritage Homes Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/35 *(a)* | 2400000 | 2400696 |
| **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** | **O'Reilly Automotive, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/15/32 *(a)* | 4110000 | 4089820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/19/34 *(a)* | 2325000 | 2303936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/12/36 *(a)* | 4030000 | 3979665 |
| **PACCAR Financial Corp.** | **PACCAR Financial Corp.** | **PACCAR Financial Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/22/34  | 1695000 | 1716340 |
| **PulteGroup, Inc.** | **PulteGroup, Inc.** | **PulteGroup, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 06/15/32  | 1400000 | 1604694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 05/15/33  | 1860000 | 1995761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/15/35  | 1415000 | 1478604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/01/36 *(a)* | 1850000 | 1788062 |
| **Ralph Lauren Corp.** | **Ralph Lauren Corp.** | **Ralph Lauren Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/32 *(a)* | 2330000 | 2367513 |
| **Rollins, Inc.** | **Rollins, Inc.** | **Rollins, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/24/35 *(a)* | 2420000 | 2416709 |
| **Ross Stores, Inc.** | **Ross Stores, Inc.** | **Ross Stores, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 04/15/31 *(a)* | 2345000 | 2057269 |
| **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** | **Royal Caribbean Cruises Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/15/33 *(a)* | 6010000 | 5805420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/15/36 *(a)* | 7195000 | 7073620 |
| **Sands China Ltd.** | **Sands China Ltd.** | **Sands China Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/08/31 *(a)(f)* | 2895000 | 2615054 |
| **Starbucks Corp.** | **Starbucks Corp.** | **Starbucks Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/14/32 *(a)* | 4785000 | 4367652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/33 *(a)* | 2380000 | 2377430 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/34 *(a)* | 2430000 | 2442587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/15/35 *(a)* | 2430000 | 2486570 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Tapestry, Inc.** | **Tapestry, Inc.** | **Tapestry, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 03/15/32 *(a)* | 2410000 | 2185653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/11/35 *(a)* | 3630000 | 3643213 |
| **Target Corp.** | **Target Corp.** | **Target Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/32 *(a)(c)* | 4780000 | 4820439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 11/01/32  | 1475000 | 1616349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 01/15/33 *(a)* | 2010000 | 2000593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/15/34 *(a)* | 3685000 | 3593022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/15/35 *(a)* | 4905000 | 4925160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/36 *(a)* | 2475000 | 2509328 |
| **TJX Cos., Inc.** | **TJX Cos., Inc.** | **TJX Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.60%, 05/15/31 *(a)* | 2450000 | 2142819 |
| **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** | **Toll Brothers Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/15/35 *(a)* | 2400000 | 2450856 |
| **Toyota Motor Corp.** | **Toyota Motor Corp.** | **Toyota Motor Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.12%, 07/13/33 *(a)(c)* | 2435000 | 2491930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/30/35 *(a)* | 2365000 | 2390731 |
| **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** | **Toyota Motor Credit Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 09/12/31  | 2475000 | 2157235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 10/10/31  | 3650000 | 3648138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 01/13/32  | 1770000 | 1569353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/03/32  | 3345000 | 3322488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 01/12/33  | 2440000 | 2431436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/11/33  | 4250000 | 4185782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/05/34  | 3875000 | 3853765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/09/35  | 3985000 | 4080839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/11/36  | 2375000 | 2319045 |
| **Tractor Supply Co.** | **Tractor Supply Co.** | **Tractor Supply Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/33 *(a)* | 3645000 | 3703028 |
| **Uber Technologies, Inc.** | **Uber Technologies, Inc.** | **Uber Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/15/34 *(a)* | 7245000 | 7088870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/15/35 *(a)* | 5925000 | 5763010 |
| **VICI Properties LP** | **VICI Properties LP** | **VICI Properties LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 11/15/31 *(a)* | 3580000 | 3556694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/32 *(a)* | 7180000 | 7086157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/34 *(a)* | 2670000 | 2696540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/01/35 *(a)* | 4295000 | 4276059 |
| **Walmart, Inc.** | **Walmart, Inc.** | **Walmart, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.80%, 09/22/31 *(a)* | 9605000 | 8523957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 09/09/32 *(a)* | 6045000 | 6023903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 04/15/33 *(a)(c)* | 7250000 | 7162130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/28/35 *(a)* | 6985000 | 7083419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/35  | 6475000 | 6763202 |
|  |  | **740497026** |
| ***Consumer Non-Cyclical 12.7%***  | ***Consumer Non-Cyclical 12.7%***  | ***Consumer Non-Cyclical 12.7%***  |
| **Abbott Laboratories** | **Abbott Laboratories** | **Abbott Laboratories** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/15/33 *(a)* | 13330000 | 13051270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/36 *(a)* | 17800000 | 17398966 |
| **AbbVie, Inc.** | **AbbVie, Inc.** | **AbbVie, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/15/33 *(a)* | 5975000 | 5863028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/34 *(a)* | 14330000 | 14549392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 03/15/35 *(a)* | 7990000 | 7759648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/35 *(a)* | 4790000 | 4878807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/14/35 *(a)* | 11905000 | 11528564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/15/36 *(a)* | 7200000 | 7054632 |
| **Adventist Health System** | **Adventist Health System** | **Adventist Health System** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.43%, 03/01/32 *(a)* | 1670000 | 1703133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.76%, 12/01/34 *(a)* | 2030000 | 2090007 |
| **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** | **Agilent Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/09/34 *(a)* | 2750000 | 2711390 |
| **Altria Group, Inc.** | **Altria Group, Inc.** | **Altria Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/04/32 *(a)* | 8440000 | 7410658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 11/01/33 *(a)* | 2295000 | 2545958 |

---

**142**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/06/35 *(a)* | 2435000 | 2494584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/06/35 *(a)* | 2340000 | 2331974 |
| **Amgen, Inc.** | **Amgen, Inc.** | **Amgen, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 01/15/32 *(a)* | 4770000 | 4129961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 02/22/32 *(a)* | 4830000 | 4493639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 03/01/33 *(a)* | 3585000 | 3466014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/02/33 *(a)* | 20375000 | 20927162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/19/36 *(a)* | 8395000 | 8253544 |
| **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/01/36 *(a)* | 25595000 | 24944119 |
| **Anheuser-Busch InBev Finance, Inc.** | **Anheuser-Busch InBev Finance, Inc.** | **Anheuser-Busch InBev Finance, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/01/36 *(a)* | 2950000 | 2882888 |
| **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** | **Anheuser-Busch InBev Worldwide, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/15/34 *(a)* | 4820000 | 4883769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/35  | 1350000 | 1442772 |
| **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** | **Archer-Daniels-Midland Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/01/32 *(a)* | 3615000 | 3298254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.94%, 10/01/32  | 1625000 | 1743885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/33 *(a)* | 2455000 | 2425515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 09/15/35  | 2015000 | 2082422 |
| **Ascension Health** | **Ascension Health** | **Ascension Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.92%, 11/15/35 *(a)* | 3865000 | 3823838 |
| **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** | **Astrazeneca Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 05/28/31 *(a)* | 3640000 | 3277820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 03/02/33 *(a)* | 2870000 | 2813719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/03/33 *(a)* | 2405000 | 2449204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/26/34 *(a)* | 7200000 | 7309656 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/02/36 *(a)* | 3520000 | 3451818 |
| **Augusta SpinCo Corp.** | **Augusta SpinCo Corp.** | **Augusta SpinCo Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/23/33 *(a)* | 3580000 | 3567470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/23/36 *(a)* | 3590000 | 3592190 |
| **BAT Capital Corp.** | **BAT Capital Corp.** | **BAT Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.74%, 03/16/32 *(a)* | 4365000 | 4350726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 08/15/32 *(a)* | 4835000 | 4966125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 10/19/32 *(a)* | 2930000 | 3364724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/22/33 *(a)* | 3635000 | 3560519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.42%, 08/02/33 *(a)* | 5735000 | 6227006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/20/34 *(a)* | 4165000 | 4404612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/15/35 *(a)* | 4765000 | 4906663 |
| **Baxter International, Inc.** | **Baxter International, Inc.** | **Baxter International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.73%, 04/01/31 *(a)* | 3120000 | 2613218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.54%, 02/01/32 *(a)* | 7400000 | 6239384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 12/15/35 *(a)* | 4820000 | 4711598 |
| **Becton Dickinson & Co.** | **Becton Dickinson & Co.** | **Becton Dickinson & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 08/22/32 *(a)* | 2310000 | 2244257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.11%, 02/08/34 *(a)* | 2685000 | 2702372 |
| **Biogen, Inc.** | **Biogen, Inc.** | **Biogen, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/15/35 *(a)* | 3125000 | 3233594 |
| **Bio-Rad Laboratories, Inc.** | **Bio-Rad Laboratories, Inc.** | **Bio-Rad Laboratories, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 03/15/32 *(a)* | 3860000 | 3586480 |
| **Boston Scientific Corp.** | **Boston Scientific Corp.** | **Boston Scientific Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/15/35 *(g)* | 1720000 | 1899620 |
| **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** | **Bristol-Myers Squibb Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 03/15/32 *(a)* | 8160000 | 7478069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/33 *(a)* | 3680000 | 3949928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/22/34 *(a)* | 12090000 | 12401197 |
| **Brown-Forman Corp.** | **Brown-Forman Corp.** | **Brown-Forman Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/15/33 *(a)* | 3125000 | 3101313 |
| **Brunswick Corp.** | **Brunswick Corp.** | **Brunswick Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 08/18/31 *(a)* | 2715000 | 2355290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 09/15/32 *(a)* | 2105000 | 1986068 |
| **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** | **Bunge Ltd. Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.20%, 04/21/31 *(a)* | 2895000 | 2705696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/14/31 *(a)* | 4775000 | 4349739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/19/33 *(a)* | 2360000 | 2330594 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 09/17/34 *(a)* | 3850000 | 3727878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/04/35 *(a)* | 3140000 | 3131208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/19/36 *(a)* | 3310000 | 3266341 |
| **Campbell's Co.** | **Campbell's Co.** | **Campbell's Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/21/34 *(a)* | 4645000 | 4508716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/23/35 *(a)* | 3835000 | 3533416 |
| **Cardinal Health, Inc.** | **Cardinal Health, Inc.** | **Cardinal Health, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/15/34 *(a)* | 2490000 | 2546623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 11/15/34 *(a)* | 4645000 | 4689824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/35 *(a)* | 1990000 | 1976010 |
| **Cedars-Sinai Health System** | **Cedars-Sinai Health System** | **Cedars-Sinai Health System** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.29%, 08/15/31 *(a)* | 1465000 | 1311746 |
| **Cencora, Inc.** | **Cencora, Inc.** | **Cencora, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/13/33 *(a)* | 2425000 | 2384503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 02/15/34 *(a)* | 2400000 | 2421288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/35 *(a)* | 3325000 | 3348973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/13/36 *(a)* | 4800000 | 4706352 |
| **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** | **Church & Dwight Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 12/15/31 *(a)* | 1975000 | 1753326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/15/32 *(a)* | 2355000 | 2478426 |
| **Cigna Group** | **Cigna Group** | **Cigna Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/31 *(a)* | 3520000 | 3596278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/15/32 *(a)* | 6030000 | 6030301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/33 *(a)* | 3840000 | 3951974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/15/34 *(a)* | 5935000 | 6015479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/36 *(a)* | 7175000 | 7195233 |
| **Clorox Co.** | **Clorox Co.** | **Clorox Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/01/32 *(a)* | 2885000 | 2864141 |
| **Coca-Cola Co.** | **Coca-Cola Co.** | **Coca-Cola Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 01/05/32  | 9265000 | 8297363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/13/34 *(a)* | 4895000 | 5041458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/14/34 *(a)* | 3745000 | 3772638 |
| **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** | **Coca-Cola Consolidated, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/34 *(a)* | 2425000 | 2488341 |
| **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** | **Coca-Cola Femsa SAB de CV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.85%, 09/01/32 *(a)* | 3405000 | 2842698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/06/35 *(a)* | 2440000 | 2421676 |
| **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** | **Colgate-Palmolive Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 08/15/32 *(a)* | 2360000 | 2215969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/01/33 *(a)* | 2420000 | 2449572 |
| **CommonSpirit Health** | **CommonSpirit Health** | **CommonSpirit Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 12/01/31 *(a)* | 3650000 | 3724533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 12/01/34 *(a)* | 3530000 | 3543379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.83%, 09/01/35 *(a)* | 1465000 | 1427569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 09/01/35 *(a)* | 3080000 | 3010022 |
| **Conagra Brands, Inc.** | **Conagra Brands, Inc.** | **Conagra Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/01/35 *(a)(c)* | 2395000 | 2401969 |
| **Constellation Brands, Inc.** | **Constellation Brands, Inc.** | **Constellation Brands, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/01/31 *(a)* | 4830000 | 4264552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/09/32 *(a)* | 3220000 | 3199328 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/01/33 *(a)* | 3665000 | 3619591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/01/35 *(a)* | 2460000 | 2376655 |
| **CVS Health Corp.** | **CVS Health Corp.** | **CVS Health Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 06/01/31 *(a)* | 4795000 | 4946234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 09/15/31 *(a)* | 4620000 | 4007804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/32 *(a)* | 3570000 | 3571785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/21/33 *(a)* | 8460000 | 8562197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/01/33 *(a)* | 5920000 | 5976536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 06/01/34 *(a)* | 6020000 | 6191991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 07/20/35 *(a)* | 3185000 | 3066422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/15/35 *(a)* | 7260000 | 7289403 |
| **Diageo Capital PLC** | **Diageo Capital PLC** | **Diageo Capital PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 04/29/32 *(a)* | 3570000 | 3081303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/24/33 *(a)* | 3625000 | 3748939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 10/05/33 *(a)* | 4340000 | 4523929 |

---

**143**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Diageo Investment Corp.** | **Diageo Investment Corp.** | **Diageo Investment Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/15/35 *(a)* | 3560000 | 3691257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 04/15/35  | 1945000 | 2276642 |
| **Eli Lilly & Co.** | **Eli Lilly & Co.** | **Eli Lilly & Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/12/32 *(a)* | 4815000 | 4926419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/15/32 *(a)* | 4800000 | 4805568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/27/33 *(a)* | 4750000 | 4792085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/09/34 *(a)* | 7105000 | 7100169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 08/14/34 *(a)* | 6010000 | 5956030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/12/35 *(a)* | 6010000 | 6140116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/15/35 *(a)* | 6010000 | 6016671 |
| **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** | **Estee Lauder Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/15/33 *(a)* | 3305000 | 3253475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/14/34 *(a)* | 3125000 | 3114125 |
| **Flowers Foods, Inc.** | **Flowers Foods, Inc.** | **Flowers Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/35 *(a)* | 2425000 | 2315536 |
| **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** | **GE HealthCare Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.91%, 11/22/32 *(a)* | 8320000 | 8788250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/35 *(a)* | 4085000 | 4166863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 12/15/35 *(a)* | 3130000 | 3074067 |
| **General Mills, Inc.** | **General Mills, Inc.** | **General Mills, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 10/14/31 *(a)* | 2455000 | 2154238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/29/33 *(a)* | 4695000 | 4649693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/30/35 *(a)* | 3630000 | 3589054 |
| **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** | **Gilead Sciences, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 10/15/33 *(a)* | 4815000 | 4983958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/15/35 *(a)* | 4820000 | 4878804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/01/35 *(a)* | 4795000 | 4686537 |
| **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** | **GlaxoSmithKline Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 04/15/34  | 2410000 | 2510111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/15/35 *(a)* | 3570000 | 3558148 |
| **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** | **Haleon U.S. Capital LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/24/32 *(a)* | 9625000 | 9069156 |
| **Hasbro, Inc.** | **Hasbro, Inc.** | **Hasbro, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 05/14/34 *(a)* | 2420000 | 2521567 |
| **HCA, Inc.** | **HCA, Inc.** | **HCA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/01/31 *(a)* | 8355000 | 8568052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 07/15/31 *(a)* | 4145000 | 3666087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/01/32 *(a)* | 3655000 | 3747727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 03/15/32 *(a)* | 9145000 | 8495248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/15/32 *(a)* | 4875000 | 4746787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/33 *(a)* | 6050000 | 6176324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/01/34 *(a)* | 6295000 | 6432483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/15/34 *(a)* | 5905000 | 5961865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/01/35 *(a)* | 7160000 | 7363487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/15/35 *(a)* | 4760000 | 4609536 |
| **Hershey Co.** | **Hershey Co.** | **Hershey Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/24/32 *(a)* | 2395000 | 2450756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/04/33 *(a)* | 1925000 | 1921400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/24/35 *(a)* | 2425000 | 2478544 |
| **Icon Investments Six DAC** | **Icon Investments Six DAC** | **Icon Investments Six DAC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/08/34 *(a)* | 2425000 | 2456865 |
| **J.M. Smucker Co.** | **J.M. Smucker Co.** | **J.M. Smucker Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.13%, 03/15/32 *(a)* | 1765000 | 1513876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 11/15/33 *(a)* | 4795000 | 5082268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/35  | 3140000 | 2893196 |
| **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** | **JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 12/01/31 *(a)* | 2375000 | 2226634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.63%, 01/15/32 *(a)* | 4495000 | 4164752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/32 *(a)* | 4790000 | 4256681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/33 *(a)* | 7975000 | 8235065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/34 *(a)* | 7200000 | 7911936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/20/35 *(a)* | 4795000 | 4976778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/36 *(a)* | 5990000 | 5995331 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Johnson & Johnson** | **Johnson & Johnson** | **Johnson & Johnson** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/01/31 *(a)* | 5565000 | 5752374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/32 *(a)* | 5930000 | 6101614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/15/33  | 2405000 | 2505794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 12/05/33 *(a)* | 4110000 | 4119741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/34 *(a)* | 4130000 | 4279382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/35 *(a)* | 5915000 | 6092450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.55%, 03/01/36 *(a)* | 4370000 | 3990422 |
| **Kellanova** | **Kellanova** | **Kellanova** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 04/01/31  | 2780000 | 3136174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/33 *(a)* | 1925000 | 1966368 |
| **Kenvue, Inc.** | **Kenvue, Inc.** | **Kenvue, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 05/22/32 *(a)* | 3605000 | 3642312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/22/33 *(a)* | 5945000 | 5992025 |
| **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** | **Keurig Dr. Pepper, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 04/15/32 *(a)* | 4085000 | 3868822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/15/34 *(a)* | 3105000 | 3079725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/35 *(a)* | 2410000 | 2352136 |
| **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** | **Kimberly-Clark Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 11/02/31 *(a)* | 2875000 | 2554208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/16/33 *(a)* | 1720000 | 1718624 |
| **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** | **Kraft Heinz Foods Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/32 *(a)* | 2330000 | 2356143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 03/15/32  | 1330000 | 1435935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/35 *(a)* | 2270000 | 2269932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/35 *(a)* | 3085000 | 2998435 |
| **Kroger Co.** | **Kroger Co.** | **Kroger Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/01/31  | 2045000 | 2307292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/34 *(a)* | 10560000 | 10442995 |
| **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** | **Laboratory Corp. of America Holdings** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/01/31 *(a)* | 2450000 | 2231240 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 04/01/32 *(a)* | 2335000 | 2305369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/01/34 *(a)* | 4130000 | 4027824 |
| **Maple Parent Holdings Corp.** | **Maple Parent Holdings Corp.** | **Maple Parent Holdings Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/26/36 *(a)(e)* | 3340000 | 3316152 |
| **McCormick & Co., Inc.** | **McCormick & Co., Inc.** | **McCormick & Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/15/33 *(a)* | 2250000 | 2226060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 10/15/34 *(a)* | 2515000 | 2402479 |
| **McKesson Corp.** | **McKesson Corp.** | **McKesson Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/30/32 *(a)* | 3135000 | 3187135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/15/33 *(a)* | 2830000 | 2887364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/30/35 *(a)* | 3390000 | 3457970 |
| **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** | **Medtronic Global Holdings SCA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/30/33 *(a)* | 4725000 | 4672741 |
| **Medtronic, Inc.** | **Medtronic, Inc.** | **Medtronic, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 03/15/35  | 9335000 | 9032546 |
| **Merck & Co., Inc.** | **Merck & Co., Inc.** | **Merck & Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 12/10/31 *(a)* | 9630000 | 8524765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/15/32 *(a)* | 4805000 | 4824700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 12/04/32 *(a)* | 4855000 | 4822714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/17/33 *(a)* | 7230000 | 7207081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 12/01/33 *(g)* | 3145000 | 3500071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/35 *(a)* | 8175000 | 8191759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/04/35 *(a)* | 7230000 | 7099498 |
| **Mondelez International, Inc.** | **Mondelez International, Inc.** | **Mondelez International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/17/32 *(a)* | 3485000 | 3153646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 10/15/32 *(a)* | 3130000 | 2660688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/28/34 *(a)* | 2195000 | 2147434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/06/35 *(a)* | 2035000 | 2039294 |
| **Novartis Capital Corp.** | **Novartis Capital Corp.** | **Novartis Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 09/18/31 *(a)* | 4090000 | 4033517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/05/32 *(a)* | 4455000 | 4395481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/18/33 *(a)* | 9530000 | 9493214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 09/18/34 *(a)* | 5270000 | 5102730 |

---

**144**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 11/05/35 *(a)* | 4455000 | 4371201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/18/36 *(a)* | 10730000 | 10707467 |
| **Ochsner LSU Health System of North Louisiana** | **Ochsner LSU Health System of North Louisiana** | **Ochsner LSU Health System of North Louisiana** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.51%, 05/15/31 *(a)* | 1495000 | 1279750 |
| **OhioHealth Corp.** | **OhioHealth Corp.** | **OhioHealth Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/15/31 *(a)* | 1485000 | 1325778 |
| **Orlando Health Obligated Group** | **Orlando Health Obligated Group** | **Orlando Health Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.48%, 10/01/35 *(a)* | 1955000 | 2006925 |
| **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** | **PeaceHealth Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 11/15/32 *(a)* | 1905000 | 1904200 |
| **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** | **Pepsico Singapore Financing I Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/16/34 *(a)* | 2185000 | 2175255 |
| **PepsiCo, Inc.** | **PepsiCo, Inc.** | **PepsiCo, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 10/21/31 *(a)* | 6015000 | 5310283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 07/18/32 *(a)* | 5925000 | 5755723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/23/32 *(a)* | 4095000 | 4123952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/15/33 *(a)* | 4735000 | 4759764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 07/17/34 *(a)* | 3105000 | 3128691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/07/35 *(a)* | 6020000 | 6095611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/23/35 *(a)(c)* | 5930000 | 5996535 |
| **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** | **Pfizer Investment Enterprises Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/19/33 *(a)* | 23980000 | 23903024 |
| **Pfizer, Inc.** | **Pfizer, Inc.** | **Pfizer, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/18/31 *(a)* | 4790000 | 4186700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/32 *(a)* | 6025000 | 5978186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 11/15/35 *(a)* | 6005000 | 5956720 |
| **Philip Morris International, Inc.** | **Philip Morris International, Inc.** | **Philip Morris International, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/01/31 *(a)* | 3650000 | 3668141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/29/32 *(a)* | 3980000 | 3865296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/17/32 *(a)* | 7185000 | 7564368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/33 *(a)* | 10825000 | 11134378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 09/07/33 *(a)* | 4720000 | 4929426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/13/34 *(a)* | 8260000 | 8426439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 11/01/34 *(a)* | 3620000 | 3602153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 04/30/35 *(a)* | 2900000 | 2860560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 10/29/35 *(a)* | 4095000 | 3944509 |
| **Piedmont Healthcare, Inc.** | **Piedmont Healthcare, Inc.** | **Piedmont Healthcare, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.04%, 01/01/32 *(a)* | 1465000 | 1275942 |
| **Pilgrim's Pride Corp.** | **Pilgrim's Pride Corp.** | **Pilgrim's Pride Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/15/31 *(a)* | 4700000 | 4502506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/01/32 *(a)* | 4205000 | 3820074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/01/33 *(a)* | 4715000 | 4928684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 05/15/34 *(a)* | 2395000 | 2589546 |
| **Procter & Gamble Co.** | **Procter & Gamble Co.** | **Procter & Gamble Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 04/23/31  | 4830000 | 4340431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 02/01/32  | 4105000 | 3717611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/03/32  | 3490000 | 3437406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 01/26/33  | 4130000 | 4076145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/29/34  | 3590000 | 3600375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 08/15/34  | 1895000 | 2051546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/24/34  | 2355000 | 2359898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/01/35  | 2555000 | 2546671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 11/03/35  | 2315000 | 2246893 |
| **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** | **Providence St. Joseph Health Obligated Group** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.37%, 10/01/32 *(a)* | 1885000 | 1922116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/01/33 *(a)* | 2830000 | 2888751 |
| **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** | **Quest Diagnostics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 06/30/31 *(a)* | 2635000 | 2407995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 11/30/33 *(a)* | 3640000 | 3964506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/34 *(a)* | 4085000 | 4061389 |
| **Revvity, Inc.** | **Revvity, Inc.** | **Revvity, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 09/15/31 *(a)* | 2495000 | 2183574 |
| **Reynolds American, Inc.** | **Reynolds American, Inc.** | **Reynolds American, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 08/15/35 *(a)* | 3605000 | 3710302 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Royalty Pharma PLC** | **Royalty Pharma PLC** | **Royalty Pharma PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 09/02/31 *(a)* | 2885000 | 2514104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/02/34 *(a)* | 2420000 | 2441998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/25/35 *(a)* | 4315000 | 4260804 |
| **Sanofi SA** | **Sanofi SA** | **Sanofi SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/03/32 *(a)* | 5770000 | 5668044 |
| **Smith & Nephew PLC** | **Smith & Nephew PLC** | **Smith & Nephew PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/20/34 *(a)* | 3125000 | 3172219 |
| **Solventum Corp.** | **Solventum Corp.** | **Solventum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/23/34 *(a)* | 7875000 | 8058960 |
| **Stryker Corp.** | **Stryker Corp.** | **Stryker Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 09/11/34 *(a)* | 3605000 | 3522734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/10/35 *(a)* | 4695000 | 4759744 |
| **Sutter Health** | **Sutter Health** | **Sutter Health** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.21%, 08/15/32 *(a)* | 2340000 | 2401636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.16%, 08/15/33 *(a)* | 1835000 | 1862397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.54%, 08/15/35 *(a)* | 3750000 | 3870563 |
| **Sysco Corp.** | **Sysco Corp.** | **Sysco Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/25/31 *(a)* | 2915000 | 2826355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 12/14/31 *(a)* | 2180000 | 1906759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/17/34 *(a)* | 2410000 | 2516161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/23/35 *(a)* | 2600000 | 2584036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 09/21/35  | 1880000 | 1878778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/25/36 *(a)* | 3040000 | 2900859 |
| **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** | **Takeda Pharmaceutical Co. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 07/05/34 *(a)* | 5285000 | 5348526 |
| **Takeda U.S. Financing, Inc.** | **Takeda U.S. Financing, Inc.** | **Takeda U.S. Financing, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/07/35 *(a)* | 7935000 | 7941903 |
| **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** | **Thermo Fisher Scientific, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 10/15/31 *(a)* | 5762000 | 5100983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.47%, 10/07/32 *(a)* | 3660000 | 3623510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 11/21/32 *(a)* | 2899000 | 2951617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 06/15/33 *(a)* | 3620000 | 3577827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.09%, 08/10/33 *(a)* | 4789000 | 4885642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/31/34 *(a)* | 2405000 | 2468781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.79%, 10/07/35 *(a)* | 3535000 | 3493358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/12/36 *(a)* | 6165000 | 6115002 |
| **Tyson Foods, Inc.** | **Tyson Foods, Inc.** | **Tyson Foods, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/34 *(a)* | 4330000 | 4487395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 08/15/34 *(a)* | 2405000 | 2367698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/20/36 *(a)* | 2410000 | 2355896 |
| **Unilever Capital Corp.** | **Unilever Capital Corp.** | **Unilever Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 08/12/31 *(a)* | 4095000 | 3588408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/32  | 4815000 | 5214741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/08/33 *(a)* | 3770000 | 3855428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 08/12/34 *(a)* | 4800000 | 4751376 |
| **Universal Health Services, Inc.** | **Universal Health Services, Inc.** | **Universal Health Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/15/32 *(a)* | 2425000 | 2112733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 10/15/34 *(a)* | 2385000 | 2283661 |
| **UPMC** | **UPMC** | **UPMC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 05/15/33 *(a)* | 2435000 | 2472645 |
| **Wyeth LLC** | **Wyeth LLC** | **Wyeth LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 02/01/34  | 3610000 | 3994970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 02/15/36  | 2430000 | 2597937 |
| **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** | **Zimmer Biomet Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 11/24/31 *(a)* | 3570000 | 3188795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/34 *(a)* | 3380000 | 3380845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/19/35 *(a)* | 2910000 | 2971779 |
| **Zoetis, Inc.** | **Zoetis, Inc.** | **Zoetis, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/16/32 *(a)* | 3605000 | 3778040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/17/35 *(a)* | 4845000 | 4810552 |
|  |  | **1311518541** |

---

**145**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| ***Energy 6.7%***  | ***Energy 6.7%***  | ***Energy 6.7%***  |
| **Antero Resources Corp.** | **Antero Resources Corp.** | **Antero Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/01/36 *(a)* | 3585000 | 3531404 |
| **APA Corp.** | **APA Corp.** | **APA Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 02/15/35 *(a)* | 1710000 | 1757743 |
| **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** | **Baker Hughes Holdings LLC/Baker Hughes Co-Obligor, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 06/15/31 *(a)* | 5920000 | 5846000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 06/15/33 *(a)* | 3540000 | 3486475 |
| **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** | **Boardwalk Pipelines LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 09/01/32 *(a)* | 2355000 | 2173335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/01/34 *(a)* | 2915000 | 2992714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 02/15/36 *(a)* | 2670000 | 2630404 |
| **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** | **BP Capital Markets America, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 01/12/32 *(a)* | 9600000 | 8685696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.81%, 02/13/33 *(a)* | 10725000 | 10761143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.89%, 09/11/33 *(a)* | 7210000 | 7258740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.99%, 04/10/34 *(a)* | 4702000 | 4739334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 11/17/34 *(a)* | 9330000 | 9523877 |
| **Burlington Resources LLC** | **Burlington Resources LLC** | **Burlington Resources LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 08/15/31  | 2115000 | 2375335 |
| **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** | **Canadian Natural Resources Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 01/15/32  | 1885000 | 2094480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 06/30/33  | 1670000 | 1797839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 12/15/34 *(a)* | 3665000 | 3708357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 02/01/35  | 1640000 | 1711258 |
| **Cenovus Energy, Inc.** | **Cenovus Energy, Inc.** | **Cenovus Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 01/15/32 *(a)* | 2365000 | 2105418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/20/36 *(a)* | 2430000 | 2419454 |
| **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** | **Cheniere Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 01/31/32 *(a)* | 5810000 | 5296628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/30/33 *(a)* | 6660000 | 6992134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 08/15/34 *(a)* | 5675000 | 5854557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 10/30/35 *(a)* | 4750000 | 4831320 |
| **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/15/34 *(a)* | 6920000 | 7132098 |
| **Chevron USA, Inc.** | **Chevron USA, Inc.** | **Chevron USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.82%, 04/15/32 *(a)* | 3135000 | 3200772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/32 *(a)* | 5960000 | 5981337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.98%, 04/15/35 *(a)* | 3620000 | 3671368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/35 *(a)* | 4310000 | 4328102 |
| **ConocoPhillips** | **ConocoPhillips** | **ConocoPhillips** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 10/15/32  | 2450000 | 2635073 |
| **ConocoPhillips Co.** | **ConocoPhillips Co.** | **ConocoPhillips Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/15/32 *(a)* | 3125000 | 3176063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/15/33 *(a)* | 4735000 | 4823781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 *(a)* | 5900000 | 5927435 |
| **Coterra Energy, Inc.** | **Coterra Energy, Inc.** | **Coterra Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/15/34 *(a)* | 2435000 | 2495193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/15/35 *(a)* | 3585000 | 3599268 |
| **DCP Midstream Operating LP** | **DCP Midstream Operating LP** | **DCP Midstream Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 02/15/32 *(a)* | 1915000 | 1745848 |
| **Devon Energy Corp.** | **Devon Energy Corp.** | **Devon Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 09/30/31  | 3275000 | 3769983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 04/15/32  | 1685000 | 1941086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/34 *(a)* | 5950000 | 5963982 |
| **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** | **Diamondback Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 03/15/33 *(a)* | 5350000 | 5716261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/18/34 *(a)* | 6230000 | 6332047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 04/01/35 *(a)* | 5705000 | 5828970 |
| **Eastern Energy Gas Holdings LLC** | **Eastern Energy Gas Holdings LLC** | **Eastern Energy Gas Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/15/35 *(a)* | 3405000 | 3534833 |
| **Enbridge, Inc.** | **Enbridge, Inc.** | **Enbridge, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/08/33 *(a)* | 10955000 | 11360006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 08/01/33 *(a)* | 4830000 | 4110378 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/05/34 *(a)* | 5720000 | 5908474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 06/20/35 *(a)* | 4345000 | 4444892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/20/35 *(a)* | 2425000 | 2416440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/27/36 *(a)* | 4700000 | 4748974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 06/27/54 *(a)(b)* | 3335000 | 3510388 |
| **Energy Transfer LP** | **Energy Transfer LP** | **Energy Transfer LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/15/33 *(a)* | 7185000 | 7478579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 12/01/33 *(a)* | 7265000 | 7848016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 05/15/34 *(a)* | 6050000 | 6161562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 09/01/34 *(a)* | 5710000 | 5829510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/15/35 *(a)* | 2475000 | 2401121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 04/01/35 *(a)* | 6050000 | 6213410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/36 *(a)* | 4830000 | 4803290 |
| **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** | **Enterprise Products Operating LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/31/33 *(a)* | 4805000 | 4960826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.88%, 03/01/33  | 2420000 | 2718483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/31/34 *(a)* | 4705000 | 4701754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 10/15/34  | 1725000 | 1915078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/15/35 *(a)* | 5190000 | 5185848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/15/36 *(a)* | 7195000 | 7235724 |
| **EOG Resources, Inc.** | **EOG Resources, Inc.** | **EOG Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/32 *(a)* | 5995000 | 6075453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/01/35 *(a)* | 2410000 | 2217923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/36 *(a)* | 5950000 | 6042939 |
| **EQT Corp.** | **EQT Corp.** | **EQT Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/34 *(a)* | 3600000 | 3714948 |
| **Expand Energy Corp.** | **Expand Energy Corp.** | **Expand Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/01/32 *(a)* | 5535000 | 5395186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 01/15/35 *(a)* | 3625000 | 3683072 |
| **Halliburton Co.** | **Halliburton Co.** | **Halliburton Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 11/15/35 *(a)* | 4815000 | 4684851 |
| **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** | **Helmerich & Payne, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 09/29/31 *(a)* | 2710000 | 2423092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/01/34 *(a)* | 2570000 | 2538004 |
| **Hess Corp.** | **Hess Corp.** | **Hess Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 08/15/31  | 3015000 | 3409151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 03/15/33  | 2610000 | 2977279 |
| **HF Sinclair Corp.** | **HF Sinclair Corp.** | **HF Sinclair Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/32 *(a)* | 2380000 | 2389449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 01/15/35 *(a)* | 3630000 | 3750552 |
| **Kinder Morgan Energy Partners LP** | **Kinder Morgan Energy Partners LP** | **Kinder Morgan Energy Partners LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 03/15/32  | 1535000 | 1750483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.30%, 08/15/33  | 2285000 | 2587717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/35  | 2450000 | 2546530 |
| **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.80%, 08/01/31  | 2580000 | 2945767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.75%, 01/15/32  | 4650000 | 5335689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/01/33 *(a)* | 3669000 | 3644418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/33 *(a)* | 7165000 | 7292752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 02/01/34 *(a)* | 4750000 | 4864950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/01/34 *(a)* | 3670000 | 3705489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/01/35 *(a)* | 3550000 | 3722388 |
| **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** | **Marathon Petroleum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/01/35 *(a)* | 4300000 | 4416874 |
| **MPLX LP** | **MPLX LP** | **MPLX LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/01/32 *(a)* | 4735000 | 4726335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/33 *(a)* | 3595000 | 3574940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/33 *(a)* | 5290000 | 5262069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/34 *(a)* | 7940000 | 8036312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/01/35 *(a)* | 4745000 | 4741062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/15/35 *(a)* | 7210000 | 7181304 |
| **National Fuel Gas Co.** | **National Fuel Gas Co.** | **National Fuel Gas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 03/15/35 *(a)* | 2385000 | 2472601 |

---

**146**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** | **Occidental Petroleum Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 05/01/31  | 4165000 | 4640601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.88%, 09/15/31  | 2325000 | 2644432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/01/32 *(a)* | 4725000 | 4814633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 10/01/34 *(a)* | 5765000 | 5860065 |
| **ONEOK, Inc.** | **ONEOK, Inc.** | **ONEOK, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/15/31 *(a)* | 6035000 | 5977728 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/15/32 *(a)* | 3630000 | 3601976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 11/15/32 *(a)* | 3630000 | 3830122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 09/01/33 *(a)* | 7190000 | 7537636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 09/01/34 *(a)* | 2310000 | 2353151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 11/01/34 *(a)* | 7570000 | 7381128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/15/35  | 1925000 | 2000518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/15/35 *(a)* | 4835000 | 4810148 |
| **Ovintiv, Inc.** | **Ovintiv, Inc.** | **Ovintiv, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.20%, 11/01/31  | 1685000 | 1855556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.38%, 11/01/31  | 2405000 | 2664259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 07/15/33 *(a)* | 2905000 | 3067738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/15/34  | 2885000 | 3082190 |
| **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** | **Patterson-UTI Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.15%, 10/01/33 *(a)* | 1920000 | 2064979 |
| **Phillips 66** | **Phillips 66** | **Phillips 66** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/15/34 *(a)* | 4785000 | 4635038 |
| **Phillips 66 Co.** | **Phillips 66 Co.** | **Phillips 66 Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/31 *(a)* | 5695000 | 5843298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/30/33 *(a)* | 4335000 | 4415197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/35 *(a)* | 2865000 | 2827239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 03/15/56 *(a)(b)* | 4755000 | 4737074 |
| **Plains All American Pipeline LP** | **Plains All American Pipeline LP** | **Plains All American Pipeline LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/15/35 *(a)* | 4815000 | 4972354 |
| **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** | **Plains All American Pipeline LP/PAA Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/34 *(a)* | 3135000 | 3208077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 01/15/36 *(a)* | 4820000 | 4837159 |
| **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** | **Shell Finance U.S., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/11/35  | 5760000 | 5469235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/06/36 *(a)* | 4855000 | 4772416 |
| **Shell International Finance BV** | **Shell International Finance BV** | **Shell International Finance BV** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.13%, 05/11/35 *(c)* | 1370000 | 1347518 |
| **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** | **South Bow USA Infrastructure Holdings LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.58%, 10/01/34 *(a)* | 5995000 | 5964306 |
| **Suncor Energy, Inc.** | **Suncor Energy, Inc.** | **Suncor Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.15%, 02/01/32  | 2415000 | 2677897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 12/01/34  | 2380000 | 2492764 |
| **Targa Resources Corp.** | **Targa Resources Corp.** | **Targa Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/15/31 *(a)* | 3520000 | 3447101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 02/01/33 *(a)* | 3635000 | 3448961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 03/15/33 *(a)* | 4230000 | 4478555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/30/34 *(a)* | 4810000 | 5204757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/15/35 *(a)* | 4810000 | 4859495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/35 *(a)* | 4750000 | 4795885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/15/36 *(a)* | 3550000 | 3603250 |
| **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** | **Targa Resources Partners LP/Targa Resources Partners Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/32 *(a)* | 4830000 | 4582076 |
| **Texas Eastern Transmission LP** | **Texas Eastern Transmission LP** | **Texas Eastern Transmission LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 07/15/32  | 2180000 | 2423964 |
| **TotalEnergies Capital SA** | **TotalEnergies Capital SA** | **TotalEnergies Capital SA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/05/34 *(a)* | 6005000 | 6148820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.72%, 09/10/34 *(a)* | 3585000 | 3569513 |
| **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** | **TotalEnergies Capital USA LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.57%, 01/13/33 *(a)* | 5995000 | 5937388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.86%, 01/13/36 *(a)* | 3590000 | 3535755 |
| **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** | **TransCanada PipeLines Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 03/01/34 *(a)* | 6015000 | 5820776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/31/34  | 1675000 | 1723743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/15/36  | 2400000 | 2501664 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** | **Transcontinental Gas Pipe Line Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/15/36 *(a)(e)* | 4905000 | 4869046 |
| **Valero Energy Corp.** | **Valero Energy Corp.** | **Valero Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 12/01/31 *(a)* | 2185000 | 1973667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 04/15/32  | 3490000 | 3955461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/10/36 *(a)* | 4070000 | 4017660 |
| **Viper Energy Partners LLC** | **Viper Energy Partners LLC** | **Viper Energy Partners LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 08/01/35 *(a)* | 5305000 | 5356830 |
| **Western Midstream Operating LP** | **Western Midstream Operating LP** | **Western Midstream Operating LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 04/01/33 *(a)* | 3670000 | 3835077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 11/15/34 *(a)* | 3660000 | 3630391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 12/15/35 *(a)* | 2910000 | 2864720 |
| **Williams Cos., Inc.** | **Williams Cos., Inc.** | **Williams Cos., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.75%, 03/15/32  | 2130000 | 2533529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 08/15/32 *(a)* | 4940000 | 4889316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 03/15/33 *(a)* | 5545000 | 5740738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/34 *(a)* | 6300000 | 6317262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/15/35 *(a)* | 4875000 | 4988295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/30/35 *(a)* | 3675000 | 3675478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/36 *(a)* | 5950000 | 5866997 |
| **Woodside Finance Ltd.** | **Woodside Finance Ltd.** | **Woodside Finance Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/19/32 *(a)* | 2280000 | 2366777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/12/34 *(a)* | 5985000 | 5896781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/19/35 *(a)* | 5990000 | 6240622 |
|  |  | **687926259** |
| ***Industrial Other 0.4%***  | ***Industrial Other 0.4%***  | ***Industrial Other 0.4%***  |
| **Booz Allen Hamilton, Inc.** | **Booz Allen Hamilton, Inc.** | **Booz Allen Hamilton, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/04/33 *(a)* | 3125000 | 3192125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/15/35 *(a)* | 3110000 | 3135968 |
| **Cintas Corp. No. 2** | **Cintas Corp. No. 2** | **Cintas Corp. No. 2** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/01/32 *(a)* | 3770000 | 3657956 |
| **Cornell University** | **Cornell University** | **Cornell University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.84%, 06/15/34 *(a)* | 2305000 | 2336509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.73%, 06/15/35 *(a)* | 2455000 | 2432930 |
| **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** | **Jacobs Engineering Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/01/33 *(a)* | 2499000 | 2588489 |
| **Jacobs Solutions, Inc.** | **Jacobs Solutions, Inc.** | **Jacobs Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/03/36 *(a)* | 2330000 | 2270096 |
| **Johns Hopkins University** | **Johns Hopkins University** | **Johns Hopkins University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.71%, 07/01/32 *(a)* | 1404000 | 1419879 |
| **Leland Stanford Junior University** | **Leland Stanford Junior University** | **Leland Stanford Junior University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.68%, 03/01/35 *(a)* | 1610000 | 1603576 |
| **Northwestern University** | **Northwestern University** | **Northwestern University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.94%, 12/01/35 *(a)* | 2440000 | 2456275 |
| **President & Fellows of Harvard College** | **President & Fellows of Harvard College** | **President & Fellows of Harvard College** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.61%, 02/15/35 *(a)(c)* | 3510000 | 3474830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.26%, 03/15/36 *(a)* | 1450000 | 1504694 |
| **Quanta Services, Inc.** | **Quanta Services, Inc.** | **Quanta Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 01/15/32 *(a)* | 2360000 | 2058935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/09/34 *(a)* | 3190000 | 3212681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 08/09/35 *(a)* | 2460000 | 2428512 |
| **Trustees of Columbia University in the City of New York** | **Trustees of Columbia University in the City of New York** | **Trustees of Columbia University in the City of New York** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.36%, 10/01/35 *(a)* | 1580000 | 1530704 |
| **Yale University** | **Yale University** | **Yale University** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 04/15/32 *(a)* | 1875000 | 1907381 |
|  |  | **41211540** |
| ***Technology 10.4%***  | ***Technology 10.4%***  | ***Technology 10.4%***  |
| **Accenture Capital, Inc.** | **Accenture Capital, Inc.** | **Accenture Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 10/04/31 *(a)* | 5720000 | 5655993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/04/34 *(a)* | 7285000 | 7056324 |

---

**147**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Adobe, Inc.** | **Adobe, Inc.** | **Adobe, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/04/34 *(a)* | 3670000 | 3678735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/17/35 *(a)* | 2350000 | 2405296 |
| **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** | **Advanced Micro Devices, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.92%, 06/01/32 *(a)* | 2445000 | 2386760 |
| **Alphabet, Inc.** | **Alphabet, Inc.** | **Alphabet, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 11/15/32 *(a)* | 5970000 | 5940210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/15/33 *(a)* | 14300000 | 14127399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/15/35 *(a)* | 6040000 | 5947528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 11/15/35 *(a)* | 16795000 | 16607736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/36 *(a)* | 20325000 | 20240448 |
| **Analog Devices, Inc.** | **Analog Devices, Inc.** | **Analog Devices, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.10%, 10/01/31 *(a)* | 5015000 | 4426440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/01/34 *(a)* | 2890000 | 2949274 |
| **Apple, Inc.** | **Apple, Inc.** | **Apple, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.70%, 08/05/31 *(a)* | 4755000 | 4196002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/12/32 *(a)* | 4845000 | 4916561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 08/08/32 *(a)* | 7140000 | 6804920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 05/10/33 *(a)* | 4720000 | 4736048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/12/35 *(a)* | 4790000 | 4869466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 02/23/36 *(a)* | 6020000 | 5997124 |
| **Applied Materials, Inc.** | **Applied Materials, Inc.** | **Applied Materials, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 10/01/35 *(a)* | 2440000 | 2477893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/15/36 *(a)* | 2100000 | 2040864 |
| **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** | **Arrow Electronics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 02/15/32 *(a)* | 2430000 | 2147488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 04/10/34 *(a)* | 2380000 | 2441832 |
| **Atlassian Corp.** | **Atlassian Corp.** | **Atlassian Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/34 *(a)* | 2445000 | 2395171 |
| **Autodesk, Inc.** | **Autodesk, Inc.** | **Autodesk, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 12/15/31 *(a)* | 4730000 | 4157102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/35 *(a)* | 2435000 | 2439334 |
| **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** | **Automatic Data Processing, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/08/32 *(a)* | 4805000 | 4859393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 09/09/34 *(a)* | 4675000 | 4587858 |
| **Avnet, Inc.** | **Avnet, Inc.** | **Avnet, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/15/31 *(a)* | 1470000 | 1319590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/32 *(a)* | 1355000 | 1373320 |
| **Baidu, Inc.** | **Baidu, Inc.** | **Baidu, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 08/23/31 *(a)(c)* | 3355000 | 3027049 |
| **Broadcom, Inc.** | **Broadcom, Inc.** | **Broadcom, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 11/15/31 *(a)* | 7220000 | 7412485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/15/32 *(a)* | 4250000 | 4217275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 04/15/32 *(a)(e)* | 5805000 | 5623420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/15/32 *(a)* | 5315000 | 5446546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/15/32 *(a)* | 8295000 | 8372309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 11/15/32 *(a)* | 9495000 | 9255061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 01/15/33 *(a)* | 5885000 | 5803316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 02/15/33 *(a)* | 8360000 | 7306556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.42%, 04/15/33 *(a)* | 10800000 | 9888696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.47%, 04/15/34 *(a)* | 15560000 | 14028740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 10/15/34 *(a)* | 8395000 | 8275875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/15/35 *(a)* | 11900000 | 12003530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.14%, 11/15/35 *(a)(e)* | 15505000 | 13190879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/36 *(a)* | 6045000 | 5978686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/36 *(a)* | 10800000 | 10536588 |
| **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** | **Broadridge Financial Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.60%, 05/01/31 *(a)* | 4850000 | 4319410 |
| **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** | **Cadence Design Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/10/34 *(a)* | 4865000 | 4783365 |
| **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** | **CDW LLC/CDW Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.57%, 12/01/31 *(a)* | 4870000 | 4450060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/22/34 *(a)* | 2870000 | 2822415 |
| **CGI, Inc.** | **CGI, Inc.** | **CGI, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 09/14/31 *(a)* | 1975000 | 1727849 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Cisco Systems, Inc.** | **Cisco Systems, Inc.** | **Cisco Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/24/32 *(a)* | 4815000 | 4912985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/26/34 *(a)* | 11905000 | 12088456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/24/35 *(a)* | 5940000 | 6027674 |
| **Concentrix Corp.** | **Concentrix Corp.** | **Concentrix Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 08/02/33 *(a)(c)* | 2595000 | 2427363 |
| **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** | **Dell International LLC/EMC Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/32 *(a)* | 4865000 | 4944397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/06/32 *(a)* | 5905000 | 5826582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/01/33 *(a)* | 4765000 | 4954981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/15/34 *(a)* | 4815000 | 4860020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/01/35 *(a)* | 3865000 | 3739426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/35 *(a)* | 4845000 | 4907500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/15/36 *(a)* | 5880000 | 5753521 |
| **Equifax, Inc.** | **Equifax, Inc.** | **Equifax, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 09/15/31 *(a)* | 4850000 | 4257379 |
| **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** | **Equinix Europe 2 Financing Corp. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 03/15/33 *(a)* | 3855000 | 3752110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/15/34 *(a)* | 3635000 | 3692651 |
| **Equinix, Inc.** | **Equinix, Inc.** | **Equinix, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/15/31 *(a)* | 4735000 | 4234605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 04/15/32 *(a)* | 5730000 | 5421153 |
| **FactSet Research Systems, Inc.** | **FactSet Research Systems, Inc.** | **FactSet Research Systems, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.45%, 03/01/32 *(a)* | 2445000 | 2210818 |
| **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** | **Fidelity National Information Services, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/15/32 *(a)* | 3540000 | 3529699 |
| **Fiserv, Inc.** | **Fiserv, Inc.** | **Fiserv, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 03/02/33 *(a)* | 4355000 | 4406563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 08/21/33 *(a)* | 6255000 | 6324118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/34 *(a)* | 3610000 | 3592708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/12/34 *(a)* | 4250000 | 4132403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/11/35 *(a)(c)* | 4735000 | 4605734 |
| **Flex Ltd.** | **Flex Ltd.** | **Flex Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/32 *(a)* | 3065000 | 3077689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/13/35 *(a)* | 2925000 | 2880979 |
| **Gartner, Inc.** | **Gartner, Inc.** | **Gartner, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 11/20/35 *(a)* | 2160000 | 2049581 |
| **Global Payments, Inc.** | **Global Payments, Inc.** | **Global Payments, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 11/15/31 *(a)* | 3655000 | 3206056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 08/15/32 *(a)* | 3650000 | 3619632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/15/32 *(a)* | 4775000 | 4640297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/33 *(a)* | 2350000 | 2296843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 11/15/35 *(a)* | 8375000 | 8057252 |
| **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** | **Hewlett Packard Enterprise Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 10/15/31 *(a)* | 6075000 | 6034237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/33 *(a)* | 2860000 | 2844470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/34 *(a)* | 9665000 | 9354753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 10/15/35 *(a)* | 3500000 | 3714620 |
| **HP, Inc.** | **HP, Inc.** | **HP, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 06/17/31 *(a)* | 4690000 | 4174944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 04/15/32 *(a)* | 3450000 | 3284262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/15/33 *(a)(c)* | 5305000 | 5375928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 04/25/35 *(a)(c)* | 2450000 | 2550254 |
| **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** | **IBM International Capital Pte. Ltd.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/05/34 *(a)* | 4855000 | 4796109 |
| **Intel Corp.** | **Intel Corp.** | **Intel Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/12/31 *(a)* | 5895000 | 5107959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 08/05/32 *(a)* | 5925000 | 5648776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 12/15/32  | 3640000 | 3426805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/10/33 *(a)* | 10745000 | 10839449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/21/34 *(a)(c)* | 4355000 | 4349034 |
| **International Business Machines Corp.** | **International Business Machines Corp.** | **International Business Machines Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.72%, 02/09/32 *(a)* | 2370000 | 2124610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/10/32 *(a)* | 4110000 | 4149579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/27/32 *(a)* | 3565000 | 3492559 |

---

**148**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/29/32  | 2910000 | 3092777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/03/33 *(a)* | 2430000 | 2386649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/06/33 *(a)* | 3525000 | 3508785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/10/35 *(a)* | 4325000 | 4350258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 02/03/36 *(a)* | 4740000 | 4625197 |
| **Intuit, Inc.** | **Intuit, Inc.** | **Intuit, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/33 *(a)* | 5860000 | 5966652 |
| **Jabil, Inc.** | **Jabil, Inc.** | **Jabil, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/01/33 *(a)* | 2460000 | 2394712 |
| **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** | **Keysight Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 10/15/34 *(a)* | 2935000 | 2907499 |
| **KLA Corp.** | **KLA Corp.** | **KLA Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/15/32 *(a)* | 4820000 | 4844052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/01/34 *(a)* | 2425000 | 2408316 |
| **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** | **Kyndryl Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 10/15/31 *(a)* | 3155000 | 2634267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 02/20/34 *(a)* | 2415000 | 2243607 |
| **Leidos, Inc.** | **Leidos, Inc.** | **Leidos, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/32 *(a)* | 2485000 | 2534054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 03/15/33 *(a)* | 3685000 | 3828236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/35 *(a)* | 2260000 | 2300251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/15/36 *(a)* | 3800000 | 3675360 |
| **Marvell Technology, Inc.** | **Marvell Technology, Inc.** | **Marvell Technology, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.95%, 04/15/31 *(a)* | 3515000 | 3227649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 09/15/33 *(a)* | 2435000 | 2567537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/15/35 *(a)* | 2450000 | 2491920 |
| **Mastercard, Inc.** | **Mastercard, Inc.** | **Mastercard, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 11/18/31 *(a)* | 3555000 | 3143935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 01/15/32 *(a)* | 5530000 | 5488636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/32 *(a)* | 2310000 | 2369113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/09/33 *(a)* | 3535000 | 3584278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 05/09/34 *(a)* | 4835000 | 4873293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 01/15/35 *(a)* | 5255000 | 5164561 |
| **Micron Technology, Inc.** | **Micron Technology, Inc.** | **Micron Technology, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/15/32 *(a)* | 4870000 | 4392886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/01/32 *(a)* | 2365000 | 2495146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 02/09/33 *(a)* | 3580000 | 3820898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 09/15/33 *(a)(c)* | 4350000 | 4652716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/15/35 *(a)* | 4740000 | 5053646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 11/01/35 *(a)* | 6070000 | 6553415 |
| **Microsoft Corp.** | **Microsoft Corp.** | **Microsoft Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 02/12/35 *(a)(c)* | 7065000 | 6582672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.20%, 11/03/35 *(a)(c)* | 3590000 | 3518882 |
| **Moody's Corp.** | **Moody's Corp.** | **Moody's Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/19/31 *(a)* | 2935000 | 2585588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/08/32 *(a)* | 2450000 | 2382576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/05/34 *(a)* | 2400000 | 2401704 |
| **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** | **Motorola Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 05/24/31 *(a)* | 4035000 | 3667976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/01/32 *(a)* | 2955000 | 3064010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/32 *(a)* | 2330000 | 2363785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/15/34 *(a)* | 4325000 | 4383085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/15/35 *(a)* | 4330000 | 4428637 |
| **MSCI, Inc.** | **MSCI, Inc.** | **MSCI, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/35 *(a)* | 5790000 | 5674258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/36 *(a)* | 2500000 | 2425125 |
| **NetApp, Inc.** | **NetApp, Inc.** | **NetApp, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/17/32 *(a)* | 2925000 | 2992889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/17/35 *(a)* | 3045000 | 3103312 |
| **NVIDIA Corp.** | **NVIDIA Corp.** | **NVIDIA Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 06/15/31 *(a)* | 6060000 | 5432366 |
| **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** | **NXP BV/NXP Funding LLC/NXP USA, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/11/31 *(a)* | 4735000 | 4254161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 02/15/32 *(a)* | 4815000 | 4250875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 08/19/32 *(a)* | 1415000 | 1398657 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/33 *(a)* | 4830000 | 4811887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/19/35 *(a)* | 3335000 | 3321360 |
| **Oracle Corp.** | **Oracle Corp.** | **Oracle Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/03/32 *(a)* | 6055000 | 5954669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/26/32 *(a)* | 14270000 | 13587323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 11/09/32 *(a)* | 10815000 | 11112412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/06/33 *(a)* | 7165000 | 6796576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 05/04/33 *(a)* | 14360000 | 13980034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 07/08/34 *(a)* | 8395000 | 7466765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 09/27/34 *(a)* | 8405000 | 7671075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 05/15/35 *(a)* | 6055000 | 5129675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/03/35 *(a)* | 8410000 | 8049463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/26/35 *(a)* | 19075000 | 17910090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 02/04/36 *(a)* | 23875000 | 22965601 |
| **Paychex, Inc.** | **Paychex, Inc.** | **Paychex, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/15/32 *(a)* | 7135000 | 7174956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/15/35 *(a)* | 5775000 | 5805145 |
| **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** | **PayPal Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 06/01/32 *(a)* | 4820000 | 4738205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 06/01/34 *(a)* | 4040000 | 4031637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/01/35 *(a)* | 2855000 | 2835015 |
| **QUALCOMM, Inc.** | **QUALCOMM, Inc.** | **QUALCOMM, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 05/20/32 *(a)* | 5940000 | 5032784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/20/32 *(a)* | 2355000 | 2319063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/20/32 *(a)* | 1955000 | 1966319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 05/20/33 *(a)* | 3375000 | 3514658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 05/20/35 *(a)* | 4745000 | 4673018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/20/35 *(a)* | 2800000 | 2798152 |
| **RELX Capital, Inc.** | **RELX Capital, Inc.** | **RELX Capital, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 05/20/32 *(a)* | 2340000 | 2334805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/27/35 *(a)* | 3615000 | 3658597 |
| **Roper Technologies, Inc.** | **Roper Technologies, Inc.** | **Roper Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/15/32 *(a)* | 2420000 | 2390912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/15/34 *(a)* | 4815000 | 4651820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/15/35 *(a)* | 4815000 | 4677869 |
| **S&P Global, Inc.** | **S&P Global, Inc.** | **S&P Global, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/01/32 *(a)* | 7105000 | 6486297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/33 *(a)* | 3615000 | 3722293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 12/04/35 *(a)(e)* | 1985000 | 1944705 |
| **Salesforce, Inc.** | **Salesforce, Inc.** | **Salesforce, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 07/15/31 *(a)* | 7255000 | 6332454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/15/31 *(a)* | 17950000 | 17929357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/33 *(a)* | 13150000 | 13130538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/36 *(a)* | 21470000 | 21410528 |
| **Skyworks Solutions, Inc.** | **Skyworks Solutions, Inc.** | **Skyworks Solutions, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 06/01/31 *(a)* | 2485000 | 2220422 |
| **Synopsys, Inc.** | **Synopsys, Inc.** | **Synopsys, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/32 *(a)* | 7245000 | 7311726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/01/35 *(a)* | 11495000 | 11519714 |
| **TD SYNNEX Corp.** | **TD SYNNEX Corp.** | **TD SYNNEX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 08/09/31 *(a)* | 2460000 | 2184800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 04/12/34 *(a)* | 2785000 | 2878353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 10/10/35 *(a)* | 2855000 | 2767352 |
| **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** | **Teledyne Technologies, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/01/31 *(a)* | 4780000 | 4374417 |
| **Texas Instruments, Inc.** | **Texas Instruments, Inc.** | **Texas Instruments, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 09/15/31 *(a)* | 2420000 | 2131052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.65%, 08/16/32 *(a)* | 1940000 | 1846473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 03/14/33 *(a)* | 4485000 | 4567703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/08/34 *(a)* | 2825000 | 2852346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/23/35 *(a)* | 3120000 | 3164086 |
| **TR Finance LLC** | **TR Finance LLC** | **TR Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/35  | 1885000 | 1898761 |
| **Trimble, Inc.** | **Trimble, Inc.** | **Trimble, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/33 *(a)* | 3860000 | 4044624 |

---

**149**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **TSMC Arizona Corp.** | **TSMC Arizona Corp.** | **TSMC Arizona Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 10/25/31 *(a)* | 6025000 | 5460096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 04/22/32 *(a)* | 4835000 | 4798206 |
| **VeriSign, Inc.** | **VeriSign, Inc.** | **VeriSign, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 06/15/31 *(a)* | 3635000 | 3256233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/32 *(a)* | 2455000 | 2477046 |
| **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** | **Verisk Analytics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/33 *(a)* | 2510000 | 2602418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/05/34 *(a)* | 2725000 | 2713310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/35 *(a)* | 3405000 | 3377760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/36 *(a)* | 2340000 | 2289011 |
| **Visa, Inc.** | **Visa, Inc.** | **Visa, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/12/33 *(a)* | 3395000 | 3363732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/14/35 *(a)* | 7195000 | 6856691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/12/36 *(a)* | 3065000 | 3035055 |
| **VMware LLC** | **VMware LLC** | **VMware LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 08/15/31 *(a)* | 7090000 | 6230834 |
| **Workday, Inc.** | **Workday, Inc.** | **Workday, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.80%, 04/01/32 *(a)* | 6035000 | 5605187 |
|  |  | **1069986066** |
| ***Transportation 1.3%***  | ***Transportation 1.3%***  | ***Transportation 1.3%***  |
| **American Airlines 2012-1 Class AA Pass-Through Trust** | **American Airlines 2012-1 Class AA Pass-Through Trust** | **American Airlines 2012-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.88%, 01/11/36  | 2977149 | 2665560 |
| **American Airlines 2019-1 Class AA Pass-Through Trust** | **American Airlines 2019-1 Class AA Pass-Through Trust** | **American Airlines 2019-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 08/15/33  | 1901876 | 1771331 |
| **Canadian National Railway Co.** | **Canadian National Railway Co.** | **Canadian National Railway Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 08/05/32 *(a)* | 3825000 | 3658307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/01/33 *(a)* | 1390000 | 1482268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 08/01/34  | 2445000 | 2665246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.38%, 09/18/34 *(a)* | 3530000 | 3412910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/12/35 *(a)* | 1915000 | 1891503 |
| **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** | **Canadian Pacific Railway Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.13%, 10/15/31  | 1725000 | 1926256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 12/02/31 *(a)* | 6750000 | 6004057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/30/35 *(a)* | 2825000 | 2880681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 09/15/35 *(a)* | 1330000 | 1318775 |
| **CSX Corp.** | **CSX Corp.** | **CSX Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 11/15/32 *(a)* | 4480000 | 4345286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 11/15/33 *(a)* | 2955000 | 3031712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 06/15/35 *(a)* | 4310000 | 4327283 |
| **Federal Express Corp. Pass-Through Trusts** | **Federal Express Corp. Pass-Through Trusts** | **Federal Express Corp. Pass-Through Trusts** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 08/20/35  | 3328321 | 2870278 |
| **FedEx Corp.** | **FedEx Corp.** | **FedEx Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 05/15/31 *(a)* | 4685000 | 4221815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/15/34  | 1715000 | 1698810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.90%, 02/01/35  | 1860000 | 1711758 |
| **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** | **Fedex Freight Holding Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/33 *(a)(e)* | 3380000 | 3300671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/36 *(a)(e)* | 4660000 | 4508270 |
| **GXO Logistics, Inc.** | **GXO Logistics, Inc.** | **GXO Logistics, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 07/15/31 *(a)* | 1930000 | 1721155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/06/34 *(a)* | 2400000 | 2519496 |
| **JetBlue 2019-1 Class AA Pass-Through Trust** | **JetBlue 2019-1 Class AA Pass-Through Trust** | **JetBlue 2019-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 11/15/33  | 2072345 | 1829404 |
| **JetBlue 2020-1 Class A Pass-Through Trust** | **JetBlue 2020-1 Class A Pass-Through Trust** | **JetBlue 2020-1 Class A Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/15/34 *(a)(c)* | 2062178 | 1946408 |
| **Norfolk Southern Corp.** | **Norfolk Southern Corp.** | **Norfolk Southern Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/15/31 *(a)* | 2440000 | 2187265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/15/32 *(a)* | 2890000 | 2638512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/01/33 *(a)* | 2392000 | 2349781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 03/15/34 *(a)* | 1850000 | 1920319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/01/35 *(a)* | 1950000 | 1956494 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Ryder System, Inc.** | **Ryder System, Inc.** | **Ryder System, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 12/01/33 *(a)* | 2875000 | 3156520 |
| **Southwest Airlines Co.** | **Southwest Airlines Co.** | **Southwest Airlines Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 11/15/35 *(a)* | 3590000 | 3370507 |
| **Triton Container International Ltd./TAL International Container Corp.** | **Triton Container International Ltd./TAL International Container Corp.** | **Triton Container International Ltd./TAL International Container Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 03/15/32 *(a)* | 2900000 | 2614234 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 02/15/33 *(a)* | 2915000 | 2858245 |
| **Union Pacific Corp.** | **Union Pacific Corp.** | **Union Pacific Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.38%, 05/20/31 *(a)* | 4805000 | 4355973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 02/14/32 *(a)* | 5998000 | 5455241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/20/33 *(a)* | 4325000 | 4312241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 02/01/35 *(a)* | 2160000 | 1928059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/20/35 *(a)* | 4800000 | 4894848 |
| **United Airlines 2019-1 Class AA Pass-Through Trust** | **United Airlines 2019-1 Class AA Pass-Through Trust** | **United Airlines 2019-1 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 02/25/33  | 1922647 | 1873081 |
| **United Airlines 2019-2 Class AA Pass-Through Trust** | **United Airlines 2019-2 Class AA Pass-Through Trust** | **United Airlines 2019-2 Class AA Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 11/01/33  | 2493947 | 2290067 |
| **United Airlines 2023-1 Class A Pass-Through Trust** | **United Airlines 2023-1 Class A Pass-Through Trust** | **United Airlines 2023-1 Class A Pass-Through Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 07/15/37  | 5791594 | 5967890 |
| **United Parcel Service, Inc.** | **United Parcel Service, Inc.** | **United Parcel Service, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 03/03/33 *(a)* | 4270000 | 4357321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/22/34 *(a)* | 4365000 | 4491323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/14/35 *(a)* | 5990000 | 6118725 |
|  |  | **136805886** |
|  |  | **5384668793** |
| **Utility 9.5%** | **Utility 9.5%** | **Utility 9.5%** |
| ***Electric 8.5%***  | ***Electric 8.5%***  | ***Electric 8.5%***  |
| **AEP Texas, Inc.** | **AEP Texas, Inc.** | **AEP Texas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/15/32 *(a)* | 2415000 | 2388363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/01/33 *(a)* | 2225000 | 2261690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/15/34 *(a)* | 2360000 | 2438423 |
| **AEP Transmission Co. LLC** | **AEP Transmission Co. LLC** | **AEP Transmission Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/01/34 *(a)* | 2175000 | 2193966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 06/15/35 *(a)* | 2080000 | 2116712 |
| **AES Corp.** | **AES Corp.** | **AES Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/15/32 *(a)* | 3835000 | 3862113 |
| **Alabama Power Co.** | **Alabama Power Co.** | **Alabama Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 03/15/32 *(a)* | 3325000 | 3058235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.94%, 09/01/32 *(a)* | 2074000 | 1997283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 11/15/33 *(a)* | 1395000 | 1476956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/02/35 *(a)* | 2370000 | 2393250 |
| **Alliant Energy Corp.** | **Alliant Energy Corp.** | **Alliant Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/56 *(a)(b)* | 3540000 | 3442190 |
| **Ameren Corp.** | **Ameren Corp.** | **Ameren Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/15/35 *(a)* | 3445000 | 3483584 |
| **Ameren Illinois Co.** | **Ameren Illinois Co.** | **Ameren Illinois Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.85%, 09/01/32 *(a)* | 2480000 | 2362944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/33 *(a)* | 2445000 | 2462824 |
| **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** | **American Electric Power Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 11/01/32 *(a)* | 2335000 | 2468492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 03/01/33 *(a)* | 3890000 | 4028406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 12/15/54 *(a)(b)* | 2920000 | 3095025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 03/15/56 *(a)(b)* | 7150000 | 7094158 |
| **Appalachian Power Co.** | **Appalachian Power Co.** | **Appalachian Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.70%, 04/01/31 *(a)* | 2360000 | 2148591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/01/32 *(a)* | 2415000 | 2360832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 04/01/34 *(a)* | 1960000 | 2021544 |
| **Arizona Public Service Co.** | **Arizona Public Service Co.** | **Arizona Public Service Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 12/15/31 *(a)* | 2170000 | 1888768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 12/15/32 *(a)* | 1945000 | 2088930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 08/01/33 *(a)* | 2425000 | 2491833 |

---

**150**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 08/15/34 *(a)* | 3335000 | 3457995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/15/36 *(a)* | 2830000 | 2781607 |
| **Baltimore Gas & Electric Co.** | **Baltimore Gas & Electric Co.** | **Baltimore Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 06/15/31 *(a)* | 2920000 | 2615269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/01/34 *(a)* | 1950000 | 1987264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/35 *(a)* | 3085000 | 3165827 |
| **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** | **Berkshire Hathaway Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 05/15/31 *(a)* | 2333000 | 2024414 |
| **Black Hills Corp.** | **Black Hills Corp.** | **Black Hills Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 05/01/33 *(a)* | 1880000 | 1789929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 05/15/34 *(a)* | 2190000 | 2309267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/35 *(a)* | 2165000 | 2250756 |
| **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** | **CenterPoint Energy Houston Electric LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 04/01/31 *(a)* | 1920000 | 1733146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/32 *(a)* | 1510000 | 1377256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 10/01/32 *(a)* | 2475000 | 2445374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/15/33  | 1360000 | 1521514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/01/33 *(a)* | 2830000 | 2847291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/01/34 *(a)* | 1960000 | 1986284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/01/35 *(a)* | 2395000 | 2392629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/35 *(a)* | 2845000 | 2821130 |
| **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** | **CenterPoint Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.85%, 02/15/55 *(a)(b)* | 1960000 | 2053825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 04/01/56 *(a)(b)* | 3305000 | 3269967 |
| **CMS Energy Corp.** | **CMS Energy Corp.** | **CMS Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 06/01/55 *(a)(b)* | 4825000 | 4902924 |
| **Commonwealth Edison Co.** | **Commonwealth Edison Co.** | **Commonwealth Edison Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.15%, 03/15/32 *(a)* | 1465000 | 1355784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 02/01/33 *(a)* | 1940000 | 1959167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/01/34 *(a)* | 1935000 | 1990322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 03/15/36  | 3170000 | 3369076 |
| **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** | **Connecticut Light & Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.05%, 07/01/31 *(a)* | 1960000 | 1734561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/01/33 *(a)* | 1560000 | 1566505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 08/15/34 *(a)* | 1540000 | 1530005 |
| **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** | **Consolidated Edison Co. of New York, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 06/15/31 *(a)* | 4315000 | 3903953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/33 *(a)* | 2395000 | 2462946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/34 *(a)* | 2840000 | 2949113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 05/15/34 *(a)* | 1920000 | 1966291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/01/35  | 1705000 | 1732860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/35 *(a)* | 2145000 | 2156068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 03/15/36  | 1905000 | 2016633 |
| **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** | **Constellation Energy Generation LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/01/33 *(a)* | 2830000 | 2971104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 01/15/34 *(a)* | 2380000 | 2546172 |
| **Consumers Energy Co.** | **Consumers Energy Co.** | **Consumers Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.60%, 08/15/32 *(a)* | 1655000 | 1561575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.63%, 05/15/33 *(a)* | 3384000 | 3356826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/15/35 *(a)* | 3015000 | 3031040 |
| **Dominion Energy South Carolina, Inc.** | **Dominion Energy South Carolina, Inc.** | **Dominion Energy South Carolina, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 12/01/31 *(a)* | 1910000 | 1690560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 02/01/32  | 1440000 | 1584778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/33  | 1425000 | 1468220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/15/35 *(a)* | 2200000 | 2247322 |
| **Dominion Energy, Inc.** | **Dominion Energy, Inc.** | **Dominion Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/31 *(a)* | 4005000 | 3537777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 08/15/32 *(a)* | 1960000 | 1898985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 11/15/32 *(a)* | 4075000 | 4171048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 03/15/33  | 1475000 | 1568648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/01/33 *(a)* | 2475000 | 2502472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/35 *(a)* | 3325000 | 3357951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/15/35  | 2410000 | 2511389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 06/01/54 *(a)(b)* | 4805000 | 5092003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.63%, 05/15/55 *(a)(b)* | 5885000 | 5951265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 02/15/56 *(a)(b)* | 6385000 | 6335133 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **DTE Electric Co.** | **DTE Electric Co.** | **DTE Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/32 *(a)* | 2310000 | 2127210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/33 *(a)* | 2845000 | 2925115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/34 *(a)* | 2310000 | 2365440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/35 *(a)* | 3520000 | 3574912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/36 *(a)* | 3770000 | 3700783 |
| **DTE Energy Co.** | **DTE Energy Co.** | **DTE Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/01/34 *(a)* | 4255000 | 4460857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 10/01/35 *(a)* | 2620000 | 2586412 |
| **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** | **Duke Energy Carolinas LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 04/15/31 *(a)* | 2605000 | 2385893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.85%, 03/15/32 *(a)* | 2295000 | 2089437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 10/15/32  | 1735000 | 1887021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/33 *(a)* | 6015000 | 6112864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 01/15/34 *(a)* | 2685000 | 2686074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/35 *(a)* | 3190000 | 3247452 |
| **Duke Energy Corp.** | **Duke Energy Corp.** | **Duke Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 06/15/31 *(a)* | 4809000 | 4326273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/15/32 *(a)* | 5595000 | 5513313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/15/33 *(a)* | 2920000 | 3044947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/15/34 *(a)* | 3530000 | 3618285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/35 *(a)* | 4740000 | 4632592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.45%, 09/01/54 *(a)(b)* | 4755000 | 4912438 |
| **Duke Energy Florida LLC** | **Duke Energy Florida LLC** | **Duke Energy Florida LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 12/15/31 *(a)* | 3135000 | 2803411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 11/15/33 *(a)* | 2915000 | 3096954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 12/01/35 *(a)* | 2770000 | 2724323 |
| **Duke Energy Indiana LLC** | **Duke Energy Indiana LLC** | **Duke Energy Indiana LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/34 *(a)* | 1450000 | 1488164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.12%, 10/15/35  | 1700000 | 1811112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/36 *(a)* | 2360000 | 2326677 |
| **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** | **Duke Energy Ohio, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/01/33 *(a)* | 1840000 | 1883829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/35 *(a)* | 1670000 | 1693497 |
| **Duke Energy Progress LLC** | **Duke Energy Progress LLC** | **Duke Energy Progress LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/15/31 *(a)* | 3075000 | 2713657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 04/01/32 *(a)* | 2465000 | 2308300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/33 *(a)* | 2430000 | 2504917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 03/15/34 *(a)* | 2390000 | 2435912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/35 *(a)* | 4060000 | 4073763 |
| **Edison International** | **Edison International** | **Edison International** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/32 *(a)* | 2640000 | 2619091 |
| **El Paso Electric Co.** | **El Paso Electric Co.** | **El Paso Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/15/35  | 1935000 | 1976061 |
| **Emera U.S. Finance LLC** | **Emera U.S. Finance LLC** | **Emera U.S. Finance LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/33 *(a)* | 1430000 | 1424523 |
| **Emera U.S. Finance LP** | **Emera U.S. Finance LP** | **Emera U.S. Finance LP** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.64%, 06/15/31 *(a)* | 2100000 | 1878093 |
| **Entergy Arkansas LLC** | **Entergy Arkansas LLC** | **Entergy Arkansas LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/15/33 *(a)* | 2103000 | 2144303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/15/33 *(a)* | 1430000 | 1469339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/34 *(a)* | 3285000 | 3389397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 01/15/36 *(a)* | 2450000 | 2407198 |
| **Entergy Corp.** | **Entergy Corp.** | **Entergy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 06/15/31 *(a)* | 3060000 | 2721901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.88%, 06/15/56 *(a)(b)* | 2815000 | 2778996 |
| **Entergy Louisiana LLC** | **Entergy Louisiana LLC** | **Entergy Louisiana LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.05%, 06/01/31 *(a)* | 1530000 | 1424813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 06/15/32 *(a)* | 2427000 | 2128042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 03/15/33 *(a)* | 3625000 | 3448644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/15/34 *(a)* | 2330000 | 2396778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/34 *(a)* | 3385000 | 3417936 |
| **Entergy Mississippi LLC** | **Entergy Mississippi LLC** | **Entergy Mississippi LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/33 *(a)* | 1460000 | 1468964 |

---

**151**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Entergy Texas, Inc.** | **Entergy Texas, Inc.** | **Entergy Texas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/15/35 *(a)* | 2360000 | 2384922 |
| **Evergy Kansas Central, Inc.** | **Evergy Kansas Central, Inc.** | **Evergy Kansas Central, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/33 *(a)* | 1435000 | 1523956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/35 *(a)* | 2945000 | 2970268 |
| **Evergy Metro, Inc.** | **Evergy Metro, Inc.** | **Evergy Metro, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/15/33 *(a)* | 1465000 | 1476163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/01/34 *(a)* | 1435000 | 1479585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 08/15/35 *(a)* | 1845000 | 1839170 |
| **Eversource Energy** | **Eversource Energy** | **Eversource Energy** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 04/15/31 *(a)* | 3235000 | 3383357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.38%, 03/01/32 *(a)* | 3255000 | 2987016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 05/15/33 *(a)* | 3740000 | 3734353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/01/34 *(a)* | 3005000 | 3056265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 07/15/34 *(a)* | 3250000 | 3391797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 08/15/56 *(a)(b)* | 3575000 | 3530277 |
| **Exelon Corp.** | **Exelon Corp.** | **Exelon Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.35%, 03/15/32 *(a)* | 2715000 | 2509094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/15/33 *(a)* | 4090000 | 4190082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/34 *(a)* | 3135000 | 3209926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/15/35 *(a)(e)* | 1600000 | 1561248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 06/15/35  | 2380000 | 2442094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/36 *(a)* | 3610000 | 3503649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/15/55 *(a)(b)* | 4795000 | 4887160 |
| **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** | **FirstEnergy Transmission LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/33 *(a)* | 2165000 | 2132049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/35 *(a)* | 1960000 | 1933383 |
| **Florida Power & Light Co.** | **Florida Power & Light Co.** | **Florida Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 02/03/32 *(a)* | 7255000 | 6494531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/01/33 *(a)* | 3585000 | 3658313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/33 *(a)* | 3645000 | 3655899 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 04/01/34  | 2030000 | 2124902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/15/34 *(a)* | 5325000 | 5477029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/34 *(a)* | 1495000 | 1510712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 06/01/35  | 1460000 | 1458087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/15/36 *(a)* | 3165000 | 3093249 |
| **Georgia Power Co.** | **Georgia Power Co.** | **Georgia Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 05/15/32 *(a)* | 3410000 | 3419582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/17/33 *(a)* | 4851000 | 4894756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/34 *(a)* | 4335000 | 4432407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/35 *(a)* | 3370000 | 3426852 |
| **Idaho Power Co.** | **Idaho Power Co.** | **Idaho Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/34 *(a)* | 1450000 | 1474839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/01/36 *(a)* | 1675000 | 1641366 |
| **Interstate Power & Light Co.** | **Interstate Power & Light Co.** | **Interstate Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/15/33 *(a)* | 1480000 | 1543670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/30/34 *(a)* | 1705000 | 1680857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 06/29/35 *(a)* | 2910000 | 2986067 |
| **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** | **IPALCO Enterprises, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/34 *(a)* | 1935000 | 1925847 |
| **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** | **Jersey Central Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 01/15/35 *(a)* | 3395000 | 3400907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 01/15/36 *(a)(e)* | 2360000 | 2351410 |
| **Kentucky Utilities Co.** | **Kentucky Utilities Co.** | **Kentucky Utilities Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/15/33 *(a)* | 1965000 | 2031142 |
| **Louisville Gas & Electric Co.** | **Louisville Gas & Electric Co.** | **Louisville Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/15/33 *(a)* | 1815000 | 1877019 |
| **MidAmerican Energy Co.** | **MidAmerican Energy Co.** | **MidAmerican Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 12/30/31  | 1820000 | 2020455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/15/34 *(a)* | 1655000 | 1704501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 11/01/35  | 1485000 | 1560364 |
| **National Grid PLC** | **National Grid PLC** | **National Grid PLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.81%, 06/12/33 *(a)* | 3830000 | 3999631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.42%, 01/11/34 *(a)* | 3595000 | 3671466 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** | **National Rural Utilities Cooperative Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 06/15/31 *(a)* | 1610000 | 1388126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 03/01/32  | 2205000 | 2555926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 04/15/32 *(a)* | 2260000 | 2027627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.02%, 11/01/32 *(a)* | 2905000 | 2801204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 12/15/32 *(a)* | 1970000 | 1907847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/15/33 *(a)* | 3147000 | 3335600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/34 *(a)* | 1700000 | 1710931 |
| **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** | **NextEra Energy Capital Holdings, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.44%, 01/15/32 *(a)* | 4830000 | 4261171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/15/32 *(a)* | 3665000 | 3760986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/32 *(a)* | 4850000 | 4890837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 02/28/33 *(a)* | 4835000 | 4886348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/34 *(a)* | 5060000 | 5126134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/15/35 *(a)* | 4760000 | 4851820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.75%, 06/15/54 *(a)(b)* | 5765000 | 5984646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 08/15/55 *(a)(b)* | 4825000 | 4975733 |
| **Northern States Power Co.** | **Northern States Power Co.** | **Northern States Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 04/01/31 *(a)* | 2070000 | 1866312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 05/15/35 *(a)* | 2940000 | 2964520 |
| **NSTAR Electric Co.** | **NSTAR Electric Co.** | **NSTAR Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 08/15/31 *(a)* | 1410000 | 1233976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/01/34 *(a)* | 2790000 | 2856625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/35 *(a)* | 3145000 | 3170412 |
| **Ohio Power Co.** | **Ohio Power Co.** | **Ohio Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/33 *(a)* | 1962000 | 1957880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 06/01/34 *(a)* | 1700000 | 1749657 |
| **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** | **Oklahoma Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 01/15/33 *(a)* | 2200000 | 2267474 |
| **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** | **Oncor Electric Delivery Co. LLC** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 05/01/32  | 2385000 | 2659943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.15%, 06/01/32 *(a)* | 1895000 | 1839098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/15/32 *(a)* | 3375000 | 3338347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 01/15/33  | 1595000 | 1813244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 11/15/33 *(a)* | 3860000 | 4051109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/01/35 *(a)* | 3020000 | 3087618 |
| **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** | **Pacific Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/01/31 *(a)* | 4795000 | 4424155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 03/01/32 *(a)* | 2195000 | 2125726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 06/15/32 *(a)* | 2900000 | 3002196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 10/15/32 *(a)* | 4130000 | 4106500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.15%, 01/15/33 *(a)* | 3650000 | 3823192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 06/15/33 *(a)* | 5405000 | 5741245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.95%, 03/15/34 *(a)* | 3885000 | 4261029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 05/15/34 *(a)* | 5330000 | 5466448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/01/35 *(a)* | 4795000 | 4861459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 08/15/35 *(a)* | 3925000 | 4058097 |
| **PacifiCorp** | **PacifiCorp** | **PacifiCorp** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 04/15/31 *(a)* | 2640000 | 2649108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.70%, 11/15/31  | 1380000 | 1549850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/15/33 *(a)* | 3840000 | 3851520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 02/15/34 *(a)* | 5285000 | 5273479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/35  | 1435000 | 1403990 |
| **PECO Energy Co.** | **PECO Energy Co.** | **PECO Energy Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/15/33 *(a)* | 2724000 | 2744158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.88%, 09/15/35 *(a)* | 2555000 | 2534049 |
| **Potomac Electric Power Co.** | **Potomac Electric Power Co.** | **Potomac Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/34 *(a)* | 1695000 | 1728832 |
| **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** | **PPL Capital Funding, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/01/34 *(a)* | 3610000 | 3640685 |
| **PPL Electric Utilities Corp.** | **PPL Electric Utilities Corp.** | **PPL Electric Utilities Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/33 *(a)* | 2900000 | 2936888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/15/34 *(a)* | 3175000 | 3174174 |
| **Progress Energy, Inc.** | **Progress Energy, Inc.** | **Progress Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 10/30/31  | 1775000 | 1954488 |

---

**152**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Public Service Co. of Colorado** | **Public Service Co. of Colorado** | **Public Service Co. of Colorado** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.88%, 06/15/31 *(a)* | 3550000 | 3102025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 06/01/32 *(a)(c)* | 1480000 | 1441002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 05/15/34 *(a)* | 3925000 | 3996121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/35 *(a)* | 3855000 | 3843319 |
| **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** | **Public Service Co. of New Hampshire** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 06/15/31 *(a)* | 1655000 | 1470137 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 10/01/33 *(a)* | 2995000 | 3093416 |
| **Public Service Co. of Oklahoma** | **Public Service Co. of Oklahoma** | **Public Service Co. of Oklahoma** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 08/15/31 *(a)* | 1835000 | 1612910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/15/33 *(a)* | 2290000 | 2323503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 01/15/35 *(a)* | 2890000 | 2878960 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 01/15/36 *(a)* | 3820000 | 3851171 |
| **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** | **Public Service Electric & Gas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.90%, 08/15/31 *(a)* | 2085000 | 1829733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 03/15/32 *(a)* | 2290000 | 2112731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 12/15/32 *(a)* | 1870000 | 1894740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/15/33 *(a)* | 2445000 | 2422457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/01/33 *(a)* | 2435000 | 2494341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/34 *(a)* | 2210000 | 2248808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 08/01/34 *(a)* | 2925000 | 2905051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/01/35 *(a)* | 1895000 | 1907753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 08/15/35 *(a)* | 2205000 | 2190866 |
| **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** | **Public Service Enterprise Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.45%, 11/15/31 *(a)* | 3545000 | 3149662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.13%, 10/15/33 *(a)* | 1955000 | 2074392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 04/01/34 *(a)* | 2380000 | 2419199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/15/35 *(a)* | 1865000 | 1888686 |
| **Puget Energy, Inc.** | **Puget Energy, Inc.** | **Puget Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.22%, 03/15/32 *(a)* | 2110000 | 2014797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.73%, 03/15/35 *(a)* | 2880000 | 2906784 |
| **Puget Sound Energy, Inc.** | **Puget Sound Energy, Inc.** | **Puget Sound Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.33%, 06/15/34 *(a)* | 1980000 | 2021857 |
| **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** | **San Diego Gas & Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/15/32 *(a)* | 2410000 | 2197775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 04/15/35 *(a)* | 4115000 | 4185943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/15/36 *(a)* | 2980000 | 2971954 |
| **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** | **Sierra Pacific Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 09/15/56 *(a)(b)* | 2870000 | 2836765 |
| **Southern California Edison Co.** | **Southern California Edison Co.** | **Southern California Edison Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 06/01/31 *(a)* | 2120000 | 1895280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/01/31 *(a)* | 3505000 | 3589541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 02/01/32 *(a)* | 2435000 | 2174747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 11/01/32 *(a)* | 3455000 | 3626195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/33 *(a)* | 2930000 | 2879780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/34  | 2520000 | 2634988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/34 *(a)* | 4315000 | 4288204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 03/01/35 *(a)* | 4105000 | 4128891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 04/01/35  | 1725000 | 1759690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/15/35  | 1740000 | 1722617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 02/01/36  | 1730000 | 1735709 |
| **Southern Co.** | **Southern Co.** | **Southern Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 10/15/32 *(a)* | 2385000 | 2498884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/15/33 *(a)* | 3635000 | 3677021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 03/15/34 *(a)* | 5215000 | 5412648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/15/35 *(a)* | 3685000 | 3587421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/15/55 *(a)(b)* | 8520000 | 8758730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 04/01/58 *(a)(b)* | 6290000 | 6325161 |
| **Southern Power Co.** | **Southern Power Co.** | **Southern Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/01/35 *(a)* | 2675000 | 2596836 |
| **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** | **Southwestern Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/33 *(a)* | 2970000 | 3017342 |
| **Southwestern Public Service Co.** | **Southwestern Public Service Co.** | **Southwestern Public Service Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/35 *(a)* | 2455000 | 2468331 |
| **System Energy Resources, Inc.** | **System Energy Resources, Inc.** | **System Energy Resources, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 12/15/34 *(a)* | 2510000 | 2504403 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Tampa Electric Co.** | **Tampa Electric Co.** | **Tampa Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/01/35 *(a)* | 2745000 | 2754223 |
| **Tucson Electric Power Co.** | **Tucson Electric Power Co.** | **Tucson Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 05/15/32 *(a)* | 1585000 | 1455981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 09/15/34 *(a)* | 1925000 | 1942768 |
| **Union Electric Co.** | **Union Electric Co.** | **Union Electric Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.15%, 03/15/32 *(a)* | 2480000 | 2166602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 04/01/34 *(a)* | 2265000 | 2304524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/15/35 *(a)* | 2460000 | 2493776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/15/36 *(a)* | 2280000 | 2227970 |
| **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** | **Virginia Electric & Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 11/15/31 *(a)* | 2445000 | 2166172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 03/30/32 *(a)* | 2925000 | 2582014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/33 *(a)* | 3620000 | 3644037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 08/15/33 *(a)* | 1920000 | 1964755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/34 *(a)* | 2335000 | 2331918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 08/15/34 *(a)* | 2875000 | 2874827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/35 *(a)* | 3035000 | 3031540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 09/15/35 *(a)* | 3990000 | 3908644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 01/15/36  | 2635000 | 2782507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/36 *(a)* | 6090000 | 5938846 |
| **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** | **WEC Energy Group, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/56 *(a)(b)* | 2865000 | 2814375 |
| **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** | **Wisconsin Electric Power Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 09/30/32 *(a)* | 2430000 | 2447350 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.63%, 05/15/33  | 1635000 | 1728342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 10/01/34 *(a)* | 1415000 | 1395600 |
| **Wisconsin Power & Light Co.** | **Wisconsin Power & Light Co.** | **Wisconsin Power & Light Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 09/16/31 *(a)* | 1325000 | 1149809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.95%, 09/01/32 *(a)* | 2785000 | 2659926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 04/01/33 *(a)* | 1470000 | 1476071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 03/30/34 *(a)* | 1435000 | 1460974 |
| **Xcel Energy, Inc.** | **Xcel Energy, Inc.** | **Xcel Energy, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.35%, 11/15/31 *(a)* | 1455000 | 1282903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/01/32 *(a)* | 3420000 | 3364049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 08/15/33 *(a)* | 3825000 | 3907084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 03/15/34 *(a)* | 3760000 | 3825875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/15/35 *(a)* | 3530000 | 3588810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/03/56 *(a)(b)* | 3800000 | 3711194 |
|  |  | **867819081** |
| ***Natural Gas 0.8%***  | ***Natural Gas 0.8%***  | ***Natural Gas 0.8%***  |
| **Atmos Energy Corp.** | **Atmos Energy Corp.** | **Atmos Energy Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 10/15/32 *(a)* | 1400000 | 1459038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/33 *(a)* | 3530000 | 3775829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/15/35 *(a)* | 2330000 | 2380747 |
| **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** | **CenterPoint Energy Resources Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 07/01/32 *(a)* | 2365000 | 2326498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 07/01/34 *(a)* | 1895000 | 1939305 |
| **National Grid USA** | **National Grid USA** | **National Grid USA** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 04/01/35  | 1505000 | 1563861 |
| **NiSource, Inc.** | **NiSource, Inc.** | **NiSource, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/30/33 *(a)* | 2120000 | 2173212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/01/34 *(a)* | 3150000 | 3209976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 07/15/35 *(a)* | 4320000 | 4355208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 03/31/55 *(a)(b)* | 2395000 | 2452959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/15/56 *(a)(b)* | 4850000 | 4779432 |
| **Northwest Natural Holding Co.** | **Northwest Natural Holding Co.** | **Northwest Natural Holding Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 09/15/55 *(a)(b)* | 1530000 | 1546524 |
| **ONE Gas, Inc.** | **ONE Gas, Inc.** | **ONE Gas, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 09/01/32 *(a)* | 1385000 | 1347494 |
| **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** | **Piedmont Natural Gas Co., Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 06/15/33 *(a)* | 1740000 | 1787415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/15/35 *(a)* | 1865000 | 1859424 |

---

**153**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; SECURITY<br> RATE, MATURITY DATE<br>| FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Sempra** | **Sempra** | **Sempra** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/01/33 *(a)* | 3340000 | 3442304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/15/36 *(a)* | 3780000 | 3727685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 10/01/54 *(a)(b)* | 5905000 | 5875062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.55%, 04/01/55 *(a)(b)* | 2945000 | 2926623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.38%, 04/01/56 *(a)(b)* | 3850000 | 3867633 |
| **Southern California Gas Co.** | **Southern California Gas Co.** | **Southern California Gas Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 06/01/33 *(a)* | 2365000 | 2413577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 09/01/34 *(a)* | 2965000 | 2983205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 06/15/35 *(a)* | 2775000 | 2848204 |
| **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** | **Southern Co. Gas Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/32 *(a)* | 2400000 | 2439000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 09/15/33 *(a)* | 2325000 | 2417977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 09/15/34 *(a)* | 2195000 | 2170614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 09/15/35 *(a)* | 2120000 | 2093585 |
| **Southwest Gas Corp.** | **Southwest Gas Corp.** | **Southwest Gas Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 03/15/32 *(a)* | 2915000 | 2789422 |
| **Spire Missouri, Inc.** | **Spire Missouri, Inc.** | **Spire Missouri, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 02/15/33 *(a)* | 1885000 | 1882851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 08/15/34 *(a)* | 1565000 | 1583232 |
| **Spire, Inc.** | **Spire, Inc.** | **Spire, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 09/01/31 *(a)* | 1930000 | 1908481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 06/01/56 *(a)(b)* | 2195000 | 2168067 |
|  |  | **84494444** |
| ***Utility Other 0.2%***  | ***Utility Other 0.2%***  | ***Utility Other 0.2%***  |
| **American Water Capital Corp.** | **American Water Capital Corp.** | **American Water Capital Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 06/01/31 *(a)* | 2582000 | 2313601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 06/01/32 *(a)* | 3915000 | 3857802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/01/34 *(a)* | 3385000 | 3443730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/01/35 *(a)(c)* | 3735000 | 3796441 |
| **Essential Utilities, Inc.** | **Essential Utilities, Inc.** | **Essential Utilities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.40%, 05/01/31 *(a)* | 1860000 | 1667620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/15/34 *(a)* | 2260000 | 2294939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/15/35 *(a)* | 2410000 | 2411470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.13%, 03/15/36 *(a)* | 2370000 | 2337389 |
|  |  | **22122992** |
|  |  | **974436517** |
| **Total Corporates**<br> **(Cost $10,099,789,342)** | **Total Corporates**<br> **(Cost $10,099,789,342)** | **10143608886** |

---

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Short-Term Investments** 1.0% OF NET ASSETS | **Short-Term Investments** 1.0% OF NET ASSETS | **Short-Term Investments** 1.0% OF NET ASSETS |
| **Money Market Funds 1.0%** | **Money Market Funds 1.0%** | **Money Market Funds 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.60% *(h)*<br>| 42599762 | 42599762 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.60% *(h)(i)*<br>| 61006983 | 61006983 |
|  |  | **103606745** |
| **Total Short-Term Investments**<br> **(Cost $103,606,745)** | **Total Short-Term Investments**<br> **(Cost $103,606,745)** | **103606745** |
| **Total Investments in Securities**<br> **(Cost $10,203,396,087)** | **Total Investments in Securities**<br> **(Cost $10,203,396,087)** | **10247215631** |

---

&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; 10 Year US Treasury Notes <br> (CBOT), expires 06/18/26<br>| 150 | 16657031 | 6805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10 Year US Treasury Notes <br> Ultra Futures, expires <br> 06/18/26<br>| 100 | 11351563 | 7736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5 Year US Treasury Notes <br> (CBOT), expires 06/30/26<br>| 50 | 5408984 | 5870 |
|  |  |  | **20411** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security.

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* All or a portion of this security is on loan.

&nbsp;&nbsp;&nbsp;&nbsp;*(d)* Issuer is affiliated with the fund's investment adviser.

&nbsp;&nbsp;&nbsp;&nbsp;*(e)* Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $76,085,125 or 0.7% of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* Step up security that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;*(g)* Interest rate is subject to adjustments from time to time if a nationally recognized statistical rating organization downgrades (or subsequently upgrades) the debt rating assigned to the bond.

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

&nbsp;&nbsp;&nbsp;&nbsp;*(i)* Security purchased with cash collateral received for securities on loan. Securities on loan were valued at $56,307,832.

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

CBOT — Chicago Board of Trade <br> DAC — Designated Activity Company <br> REIT — Real Estate Investment Trust

**154**

------

Schwab 5-10 Year Corporate Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

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

Below is a summary of the fund's transactions with affiliated issuers during the period ended March 31, 2026:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| SECURITY<br> RATE, MATURITY DATE<br>| VALUE AT<br> 12/31/25<br>| PURCHASES | SALES | REALIZED<br> GAINS (LOSSES)<br>| NET CHANGE IN<br> UNREALIZED<br> APPRECIATION<br> (DEPRECIATION)<br>| ACCRETION OF<br> DISCOUNTS<br> (AMORTIZATION<br> OF PREMIUMS)<br>| VALUE AT<br> 3/31/26<br>| FACE AMOUNT<br> AT 3/31/26<br>| INTEREST<br> INCOME EARNED<br>|
| **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS | **CORPORATES** 0.3% OF NET ASSETS |
| **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** | **Financial Institutions 0.3%** |
| **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** | **Brokerage/Asset Managers/Exchanges 0.3%** |
| Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.65%, 03/11/31 | $2950622 | $131998 | ($3061022)<br>| $66656 | ($110492)<br>| $22238 | $— | $— | $14229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.30%, 05/13/31 <sup>(a),(b)</sup> <br>| 3076183 | 168237 | (22865)<br>| 1251 | (36922)<br>| 17455 | 3203339 | 3555000 | 20038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.95%, 12/01/31 <sup>(a),(b)</sup> <br>| 3391165 | 188094 | (30473)<br>| 682 | (38237)<br>| 22192 | 3533423 | 4050000 | 19287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.90%, 03/03/32 <sup>(a),(b)</sup> <br>| 4170464 | 294151 | (92142)<br>| 3395 | (66382)<br>| 18144 | 4327630 | 4770000 | 34057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/19/34 <sup>(a),(b),(c)</sup> <br>| 6326681 | 305284 | (176756)<br>| 11914 | (128277)<br>| (4101)<br>| 6334745 | 6025000 | 87536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.14%, 08/24/34 <sup>(a),(b),(c)</sup> <br>| 6703723 | 645853 | (320031)<br>| 26333 | (185079)<br>| (3845)<br>| 6866954 | 6445000 | 97165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.91%, 11/14/36 <sup>(a),(b),(c)</sup> <br>| 4488452 | 331523 | (74266)<br>| (210)<br>| (104532)<br>| (186)<br>| 4640781 | 4770000 | 57361 |
| **Total** | **$31107290** | **$2065140** | **($3777555)**<br>| **$110021** | **($669921)**<br>| **$71897** | **$28906872** |  | **$329673** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Issuer is affiliated with the fund's investment adviser.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The effective maturity may be shorter than the final maturity shown because of the
 possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls).

&nbsp;&nbsp;&nbsp;&nbsp;(c) Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund's investment objective this security will be removed from the index prior to converting to a floating rate security.

&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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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** |  |  |  |  |
| Corporates <sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $10143608886 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $10143608886 |
| Short-Term Investments <sup>1</sup> <br>| 103606745 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 103606745 |
| Futures Contracts <sup>2</sup> <br>| 20411 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 20411 |
| **Total** | **$103627156** | &nbsp;&nbsp; **$10143608886** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$10247236042** |

---

&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.

**155**

------

Schwab Strategic Trust

Schwab Municipal Bond ETF

------

**Portfolio Holdings** as of March 31, 2026 (Unaudited)

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

For fixed rate securities, the rate shown is the interest rate (the rate established when the security was issued). For variable rate securities, the rate shown is the rate as of the report date based on each security's rate reset date and when a security is purchased with a zero coupon rate, the effective yield at the time of purchase is shown. The reference rate and spread used is shown parenthetically in the security description, if available; if not, the reference rate is described in a footnote. The maturity date shown for all the securities is the final legal maturity.

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **MUNICIPAL SECURITIES** 99.3% OF NET ASSETS | **MUNICIPAL SECURITIES** 99.3% OF NET ASSETS | **MUNICIPAL SECURITIES** 99.3% OF NET ASSETS | **MUNICIPAL SECURITIES** 99.3% OF NET ASSETS | **MUNICIPAL SECURITIES** 99.3% OF NET ASSETS |
| **ALABAMA** 0.6%  | **ALABAMA** 0.6%  | **ALABAMA** 0.6%  | **ALABAMA** 0.6%  | **ALABAMA** 0.6%  |
| **Alabama Corrections Institution Finance Authority** | **Alabama Corrections Institution Finance Authority** | **Alabama Corrections Institution Finance Authority** | **Alabama Corrections Institution Finance Authority** | **Alabama Corrections Institution Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 07/01/47 *(a)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 452153 |
| **Alabama Federal Aid Highway Finance Authority** | **Alabama Federal Aid Highway Finance Authority** | **Alabama Federal Aid Highway Finance Authority** | **Alabama Federal Aid Highway Finance Authority** | **Alabama Federal Aid Highway Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 09/01/29  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269694 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 09/01/32  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 281366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 572329 |
| **Alabama Highway Authority** | **Alabama Highway Authority** | **Alabama Highway Authority** | **Alabama Highway Authority** | **Alabama Highway Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.00% | 09/01/29  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 64686 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.00% | 09/01/33  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 566036 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1099836 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.00% | 09/01/42 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2185823 |
| **Alabama Public School & College Authority** | **Alabama Public School & College Authority** | **Alabama Public School & College Authority** | **Alabama Public School & College Authority** | **Alabama Public School & College Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/27  | &nbsp;&nbsp; 465000 | &nbsp;&nbsp; 482581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/28  | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 328499 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/29  | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 318566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/30  | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 104244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 474573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 515569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 138461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/39 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 285304 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1250096 |
| **Auburn University** | **Auburn University** | **Auburn University** | **Auburn University** | **Auburn University** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 06/01/43 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 358261 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 06/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 512959 |
| **Birmingham-Jefferson Civic Center Authority** | **Birmingham-Jefferson Civic Center Authority** | **Birmingham-Jefferson Civic Center Authority** | **Birmingham-Jefferson Civic Center Authority** | **Birmingham-Jefferson Civic Center Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Special Tax Series 2018 A  | 4.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 189657 |
| **City of Birmingham Regional Water Works** | **City of Birmingham Regional Water Works** | **City of Birmingham Regional Water Works** | **City of Birmingham Regional Water Works** | **City of Birmingham Regional Water Works** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 01/01/43 *(a)(b)* | &nbsp;&nbsp; 1120000 | &nbsp;&nbsp; 1140809 |
| **City of Gadsden** | **City of Gadsden** | **City of Gadsden** | **City of Gadsden** | **City of Gadsden** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 10/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 511439 |
| **County of Jefferson Sewer Revenue** | **County of Jefferson Sewer Revenue** | **County of Jefferson Sewer Revenue** | **County of Jefferson Sewer Revenue** | **County of Jefferson Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 10/01/31  | &nbsp;&nbsp; 895000 | &nbsp;&nbsp; 977826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 10/01/32  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 66110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 10/01/33  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 338075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 391272 |

---

**156**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 216362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 537830 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 139016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.25% | 10/01/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1081285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.25% | 10/01/43 *(a)* | &nbsp;&nbsp; 1325000 | &nbsp;&nbsp; 1414519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.25% | 10/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263839 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.25% | 10/01/49 *(a)* | &nbsp;&nbsp; 2175000 | &nbsp;&nbsp; 2251988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.50% | 10/01/53 *(a)* | &nbsp;&nbsp; 1665000 | &nbsp;&nbsp; 1732421 |
| **Homewood Educational Building Authority** | **Homewood Educational Building Authority** | **Homewood Educational Building Authority** | **Homewood Educational Building Authority** | **Homewood Educational Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB CHF - Horizons II LLC Series 2024 C  | 5.50% | 10/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101211 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB CHF - Horizons II LLC Series 2024 C  | 5.50% | 10/01/54 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150512 |
| **Tuscaloosa City Board of Education** | **Tuscaloosa City Board of Education** | **Tuscaloosa City Board of Education** | **Tuscaloosa City Board of Education** | **Tuscaloosa City Board of Education** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016  | 5.00% | 08/01/46 *(a)(b)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201593 |
| **University of Alabama** | **University of Alabama** | **University of Alabama** | **University of Alabama** | **University of Alabama** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2012 A  | 3.50% | 07/01/42 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 119103 |
|  |  |  |  | &nbsp;&nbsp; **22175832** |
| **ALASKA** 0.0%  | **ALASKA** 0.0%  | **ALASKA** 0.0%  | **ALASKA** 0.0%  | **ALASKA** 0.0%  |
| **Municipality of Anchorage Solid Waste Services Revenue** | **Municipality of Anchorage Solid Waste Services Revenue** | **Municipality of Anchorage Solid Waste Services Revenue** | **Municipality of Anchorage Solid Waste Services Revenue** | **Municipality of Anchorage Solid Waste Services Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 4.00% | 11/01/52 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; **92934** |
| **ARIZONA** 0.9%  | **ARIZONA** 0.9%  | **ARIZONA** 0.9%  | **ARIZONA** 0.9%  | **ARIZONA** 0.9%  |
| **Arizona Board of Regents** | **Arizona Board of Regents** | **Arizona Board of Regents** | **Arizona Board of Regents** | **Arizona Board of Regents** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Arizona State University Series 2025 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1031558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Arizona SPEED Fund Series 2020 A  | 4.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 238751 |
| **Arizona Department of Transportation State Highway Fund Revenue** | **Arizona Department of Transportation State Highway Fund Revenue** | **Arizona Department of Transportation State Highway Fund Revenue** | **Arizona Department of Transportation State Highway Fund Revenue** | **Arizona Department of Transportation State Highway Fund Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 07/01/26  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110695 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 07/01/27  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 134054 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 07/01/29  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 123678 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 07/01/30  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 32804 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 07/01/33  | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 158652 |
| **City of Mesa Utility System Revenue** | **City of Mesa Utility System Revenue** | **City of Mesa Utility System Revenue** | **City of Mesa Utility System Revenue** | **City of Mesa Utility System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014  | 3.25% | 07/01/29 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 39874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 4.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 65120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020  | 4.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40944 |
| **City of Phoenix** | **City of Phoenix** | **City of Phoenix** | **City of Phoenix** | **City of Phoenix** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 07/01/26  | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 483046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 07/01/27 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75443 |
| **City of Phoenix Civic Improvement Corp.** | **City of Phoenix Civic Improvement Corp.** | **City of Phoenix Civic Improvement Corp.** | **City of Phoenix Civic Improvement Corp.** | **City of Phoenix Civic Improvement Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Airport Revenue Series 2019 A  | 3.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 128255 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Airport Revenue Series 2019 A  | 4.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92394 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Airport Revenue Series 2019 A  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1018155 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Phoenix Sky Harbor International Airport Customer Facility Charges Revenue <br> Series 2019 A <br>| 5.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 1770000 | &nbsp;&nbsp; 1810127 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Wastewater Revenue Series 2020 A  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 188924 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Wastewater Revenue Series 2023  | 5.25% | 07/01/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 159884 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water System Revenue Series 2020 B  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1049576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Airport Revenue Series 2017 D  | 5.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Airport Revenue Series 2017 D  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Airport Revenue Series 2017 D  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 133018 |

---

**157**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Airport Revenue Series 2017 D  | 4.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 496253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Wastewater Revenue Series 2017  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85433 |
| **Gilbert Water Resource Municipal Property Corp.** | **Gilbert Water Resource Municipal Property Corp.** | **Gilbert Water Resource Municipal Property Corp.** | **Gilbert Water Resource Municipal Property Corp.** | **Gilbert Water Resource Municipal Property Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Waterworks & Sewer System Revenue Series 2022  | 5.00% | 07/15/36 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 181342 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Waterworks & Sewer System Revenue Series 2022  | 4.00% | 07/15/41 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 290083 |
| **Maricopa County Special Health Care District** | **Maricopa County Special Health Care District** | **Maricopa County Special Health Care District** | **Maricopa County Special Health Care District** | **Maricopa County Special Health Care District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 C  | 4.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 300239 |
| **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** | **Salt River Project Agricultural Improvement & Power District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 316901 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 01/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102221 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 01/01/47 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 317783 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 5.00% | 01/01/48 *(a)* | &nbsp;&nbsp; 4860000 | &nbsp;&nbsp; 5064950 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 5.25% | 01/01/53 *(a)* | &nbsp;&nbsp; 1355000 | &nbsp;&nbsp; 1418385 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 01/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104299 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 01/01/54 *(a)* | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 483906 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 05/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273069 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 C  | 5.00% | 01/01/51 *(a)* | &nbsp;&nbsp; 1595000 | &nbsp;&nbsp; 1655917 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 C  | 5.25% | 01/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1053053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/27  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/28 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10184 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/31 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 474759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 01/01/27  | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 224170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 01/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 01/01/33 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 67405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 01/01/45 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3122554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 01/01/28  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62602 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 01/01/31  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 01/01/32  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 559148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 01/01/33  | &nbsp;&nbsp; 2095000 | &nbsp;&nbsp; 2365810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 01/01/35  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 572709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2285402 |
| **State of Arizona** | **State of Arizona** | **State of Arizona** | **State of Arizona** | **State of Arizona** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2019 A  | 5.00% | 10/01/27 *(b)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259164 |
|  |  |  |  | &nbsp;&nbsp; **29931650** |
| **ARKANSAS** 0.0%  | **ARKANSAS** 0.0%  | **ARKANSAS** 0.0%  | **ARKANSAS** 0.0%  | **ARKANSAS** 0.0%  |
| **City of Springdale Sales & Use Tax Revenue** | **City of Springdale Sales & Use Tax Revenue** | **City of Springdale Sales & Use Tax Revenue** | **City of Springdale Sales & Use Tax Revenue** | **City of Springdale Sales & Use Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 4.25% | 08/01/53 *(a)(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 69465 |
| **Fayetteville School District No. 1** | **Fayetteville School District No. 1** | **Fayetteville School District No. 1** | **Fayetteville School District No. 1** | **Fayetteville School District No. 1** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/01/50 *(a)(c)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 408017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 2.75% | 06/01/46 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 35426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 3.00% | 06/01/50 *(a)(c)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 91672 |
| **Springdale School District No. 50** | **Springdale School District No. 50** | **Springdale School District No. 50** | **Springdale School District No. 50** | **Springdale School District No. 50** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B  | 3.00% | 06/01/51 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 141801 |
| **University of Arkansas** | **University of Arkansas** | **University of Arkansas** | **University of Arkansas** | **University of Arkansas** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Medical Sciences Series 2021 A  | 5.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 382160 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Medical Sciences Series 2022 A  | 5.00% | 04/01/52 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256256 |
|  |  |  |  | &nbsp;&nbsp; **1384797** |

---

**158**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **CALIFORNIA** 18.2%  | **CALIFORNIA** 18.2%  | **CALIFORNIA** 18.2%  | **CALIFORNIA** 18.2%  | **CALIFORNIA** 18.2%  |
| **Alameda Corridor Transportation Authority** | **Alameda Corridor Transportation Authority** | **Alameda Corridor Transportation Authority** | **Alameda Corridor Transportation Authority** | **Alameda Corridor Transportation Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1999 A  | 3.33% | 10/01/35 *(c)(d)* | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 747077 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C  | 5.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 270887 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.88% | 10/01/52 *(a)(d)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 83832 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.75% | 10/01/53 *(a)(d)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 198645 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 10/01/37 *(a)(c)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 60044 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 513295 |
| **Alameda County Transportation Commission** | **Alameda County Transportation Commission** | **Alameda County Transportation Commission** | **Alameda County Transportation Commission** | **Alameda County Transportation Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 03/01/45 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 116774 |
| **Anaheim Public Financing Authority** | **Anaheim Public Financing Authority** | **Anaheim Public Financing Authority** | **Anaheim Public Financing Authority** | **Anaheim Public Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1997 C  | 3.20% | 09/01/30 *(c)(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 220197 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1997 C  | 2.69% | 09/01/31 *(c)(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 212853 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1997 C  | 3.57% | 09/01/32 *(c)(d)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 164151 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1997 C  | 3.54% | 09/01/34 *(c)(d)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 18933 |
| **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** | **Antelope Valley Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 D  | 4.69% | 02/01/50 *(a)(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 78543 |
| **Bay Area Toll Authority** | **Bay Area Toll Authority** | **Bay Area Toll Authority** | **Bay Area Toll Authority** | **Bay Area Toll Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 F-1  | 5.00% | 04/01/56 *(a)(b)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 446971 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 S-8  | 5.00% | 04/01/56 *(a)(b)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 217765 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 S-H  | 5.00% | 04/01/44 *(a)(b)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 323296 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 F-1  | 5.00% | 04/01/28  | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 343513 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 F-1  | 5.00% | 04/01/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108219 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 F-1  | 5.00% | 04/01/30  | &nbsp;&nbsp; 1070000 | &nbsp;&nbsp; 1183353 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 F-1  | 5.00% | 04/01/31  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 101499 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 F-1  | 5.25% | 04/01/54 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 272604 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 F-2  | 5.00% | 04/01/40 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 356181 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 F-2  | 5.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 319828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 04/01/30 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 299058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 04/01/31 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 04/01/32 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 141526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 04/01/33 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 191816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 3.25% | 04/01/36 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 177991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 04/01/37 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 276052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 04/01/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 1650000 | &nbsp;&nbsp; 1616399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 04/01/47 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 230539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 S-8  | 3.00% | 04/01/54 *(a)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 276183 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-2  | 2.60% | 04/01/56 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 151085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 S-11  | 5.00% | 04/01/33  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 52270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 S-11  | 5.00% | 04/01/36 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 184925 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 F-1  | 5.00% | 04/01/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 521260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 F-1  | 5.00% | 04/01/43  | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1403599 |
| **Beverly Hills Unified School District** | **Beverly Hills Unified School District** | **Beverly Hills Unified School District** | **Beverly Hills Unified School District** | **Beverly Hills Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2009  | 2.58% | 08/01/32 *(d)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 213661 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2009  | 3.09% | 08/01/33 *(d)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 351453 |
| **California Educational Facilities Authority** | **California Educational Facilities Authority** | **California Educational Facilities Authority** | **California Educational Facilities Authority** | **California Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Chapman University Series 2017 B  | 4.00% | 04/01/47 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 45743 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Leland Stanford Junior University Series 2007 T-1  | 5.00% | 03/15/39  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 244001 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Leland Stanford Junior University Series 2010  | 5.25% | 04/01/40  | &nbsp;&nbsp; 905000 | &nbsp;&nbsp; 1093847 |

---

**159**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Leland Stanford Junior University Series 2013 U-4  | 5.00% | 06/01/43 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1754124 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Leland Stanford Junior University Series 2014 U-6  | 5.00% | 05/01/45  | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 464803 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Leland Stanford Junior University Series 2016 U-7  | 5.00% | 06/01/46  | &nbsp;&nbsp; 1080000 | &nbsp;&nbsp; 1227495 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Leland Stanford Junior University Series 2019 V-1  | 5.00% | 05/01/29  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 217025 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Leland Stanford Junior University Series 2019 V-1  | 5.00% | 05/01/49  | &nbsp;&nbsp; 1920000 | &nbsp;&nbsp; 2129745 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Leland Stanford Junior University Series 2023 V-3  | 5.00% | 06/01/33  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 116753 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of San Francisco Series 2018 A  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 169091 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of San Francisco Series 2018 A  | 5.00% | 10/01/53 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 245883 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Southern California Series 2025 A  | 5.00% | 10/01/35  | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1793345 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Southern California Series 2025 A  | 5.00% | 10/01/55 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1299976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Leland Stanford Junior University Series 2014 V-2  | 5.00% | 04/01/51  | &nbsp;&nbsp; 1450000 | &nbsp;&nbsp; 1597330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Leland Stanford Junior University Series 2021 V-2  | 2.25% | 04/01/51 *(a)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 512055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Loma Linda University Series 2017 A  | 5.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 302280 |
| **California Enterprise Development Authority** | **California Enterprise Development Authority** | **California Enterprise Development Authority** | **California Enterprise Development Authority** | **California Enterprise Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Castilleja School Foundation Series 2024  | 4.00% | 06/01/54 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88921 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB County of Riverside Series 2024 A  | 5.25% | 11/01/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 528743 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB County of Riverside Series 2024 B  | 5.25% | 11/01/49 *(a)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 522532 |
| **California Infrastructure & Economic Development Bank** | **California Infrastructure & Economic Development Bank** | **California Infrastructure & Economic Development Bank** | **California Infrastructure & Economic Development Bank** | **California Infrastructure & Economic Development Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 4.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3047347 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 4.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 1770000 | &nbsp;&nbsp; 1767019 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 4.00% | 10/01/47 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 192345 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Academy of Motion Picture Arts & Sciences Obligated Group Series 2020 A  | 5.00% | 11/01/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 278660 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Broad Series 2025 A  | 5.00% | 06/01/33  | &nbsp;&nbsp; 485000 | &nbsp;&nbsp; 565212 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Department of Transportation Seismic Surcharge Revenue Series 2003 A  | 5.00% | 07/01/26 *(b)(c)* | &nbsp;&nbsp; 430000 | &nbsp;&nbsp; 432947 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Department of Transportation Seismic Surcharge Revenue Series 2003 A  | 5.00% | 07/01/29 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 524605 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Department of Transportation Seismic Surcharge Revenue Series 2003 A  | 5.00% | 07/01/33 *(a)(b)* | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 497099 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Department of Transportation Seismic Surcharge Revenue Series 2003 A  | 5.00% | 07/01/36 *(a)(b)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 120350 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Department of Transportation Seismic Surcharge Revenue Series 2003 A  | 5.13% | 07/01/37 *(a)(b)* | &nbsp;&nbsp; 1110000 | &nbsp;&nbsp; 1117950 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Infrastructure St. Revolving Series 2016 A  | 4.00% | 10/01/45 *(a)(b)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50434 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Infrastructure St. Revolving Series 2025  | 4.13% | 10/01/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 489596 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Science Center Foundation Series 2021 B  | 4.00% | 05/01/46 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 216742 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Teachers' Retirement System Series 2019  | 5.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259996 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of California Series 2017  | 5.00% | 05/15/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102779 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of California Series 2017  | 5.00% | 05/15/47 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203421 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of California Series 2025  | 5.00% | 05/15/50 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 167053 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of California Series 2025  | 4.50% | 05/15/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 492103 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of California Series 2025  | 5.25% | 05/15/59 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 526965 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Resources Control Board Water Pollution Control Revolving Fund Series <br> 2017 <br>| 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 277473 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Resources Control Board Water Pollution Control Revolving Fund Series <br> 2018 <br>| 5.00% | 10/01/27  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 135588 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Resources Control Board Water Pollution Control Revolving Fund Series <br> 2022 A <br>| 5.00% | 10/01/47 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26267 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Resources Control Board Water Pollution Control Revolving Fund Series <br> 2022 A <br>| 5.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Academy of Motion Picture Arts & Sciences Obligated Group Series <br> 2015 A <br>| 4.00% | 11/01/45 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 214517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Broad Series 2021 A  | 5.00% | 06/01/28  | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 387491 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Broad Series 2021 A  | 5.00% | 06/01/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 282406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB California Academy of Sciences Series 2024 A  | 3.25% | 08/01/29 *(a)* | &nbsp;&nbsp; 1550000 | &nbsp;&nbsp; 1565723 |

---

**160**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB J Paul Getty Trust Series 2023 A  | 5.00% | 04/01/33  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 58043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Los Angeles County Museum of Natural History Foundation Series <br> 2020 <br>| 4.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 268424 |
| **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** | **California Municipal Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Capital Facilities Development Corp. Series 2018 A  | 5.00% | 06/01/43 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516112 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Ignatian Corp. Series 2024 A  | 5.00% | 09/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257569 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Ignatian Corp. Series 2024 A  | 5.00% | 09/01/54 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154176 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Pomona College Series 2017  | 4.00% | 01/01/43 *(a)(b)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154603 |
| **California School Facilities Financing Authority** | **California School Facilities Financing Authority** | **California School Facilities Financing Authority** | **California School Facilities Financing Authority** | **California School Facilities Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Azusa Unified School District Series 2010 A  | 5.05% | 08/01/49 *(c)(d)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 336517 |
| **California State Public Works Board** | **California State Public Works Board** | **California State Public Works Board** | **California State Public Works Board** | **California State Public Works Board** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C  | 5.00% | 11/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 208375 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B  | 4.00% | 05/01/46 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 336600 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 C  | 4.00% | 11/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96112 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 C  | 5.00% | 11/01/46 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 208834 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 04/01/37 *(a)* | &nbsp;&nbsp; 755000 | &nbsp;&nbsp; 843069 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 04/01/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 554856 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 04/01/41 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 321936 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 04/01/44 *(a)* | &nbsp;&nbsp; 1535000 | &nbsp;&nbsp; 1645775 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 266341 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 04/01/49 *(a)* | &nbsp;&nbsp; 5685000 | &nbsp;&nbsp; 5943284 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 04/01/38 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3427019 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268040 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 04/01/50 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1308347 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 C  | 5.00% | 11/01/50 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209817 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 A  | 5.00% | 09/01/31 *(e)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2222149 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 F  | 5.00% | 05/01/26 *(a)* | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 421631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 F  | 5.00% | 05/01/27 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 02/01/29  | &nbsp;&nbsp; 995000 | &nbsp;&nbsp; 1062094 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 02/01/30  | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 570755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 02/01/31  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 220442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 02/01/32  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27889 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/28  | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 200767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109618 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/31  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/32 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 105143 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/33 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 308522 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 219543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 81995 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 38070 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 81995 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 12/01/26  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 12/01/27  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 12/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106408 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 C  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 172791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 09/01/30  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 329291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 09/01/33  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 170452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 141033 |
| **California State University** | **California State University** | **California State University** | **California State University** | **California State University** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C  | 3.00% | 11/01/51 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 730046 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 11/01/53 *(a)* | &nbsp;&nbsp; 1275000 | &nbsp;&nbsp; 1344005 |

---

**161**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 11/01/55 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 199806 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.50% | 11/01/55 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 215154 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 A  | 4.00% | 11/01/43 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 73314 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 11/01/27 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 115262 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 11/01/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 11/01/30 *(a)* | &nbsp;&nbsp; 540000 | &nbsp;&nbsp; 541204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 170354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 3.13% | 11/01/36 *(a)* | &nbsp;&nbsp; 1095000 | &nbsp;&nbsp; 1031075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 280043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 11/01/41 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 11/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 240586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 11/01/26  | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 325414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 11/01/27 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 11/01/29 *(a)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 380429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 555000 | &nbsp;&nbsp; 569490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 11/01/47 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5050873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 11/01/28  | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 482336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 11/01/30  | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 670723 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 11/01/34  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1182278 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 281695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 11/01/43 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 502928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.25% | 11/01/50 *(a)* | &nbsp;&nbsp; 1230000 | &nbsp;&nbsp; 1321220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 4.63% | 11/01/56 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1504991 |
| **Chabot-Las Positas Community College District** | **Chabot-Las Positas Community College District** | **Chabot-Las Positas Community College District** | **Chabot-Las Positas Community College District** | **Chabot-Las Positas Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4007760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 1170000 | &nbsp;&nbsp; 1171261 |
| **Chaffey Community College District** | **Chaffey Community College District** | **Chaffey Community College District** | **Chaffey Community College District** | **Chaffey Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 06/01/48 *(a)(b)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105703 |
| **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** | **Chaffey Joint Union High School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 H  | 4.66% | 08/01/49 *(a)(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 328565 |
| **Chino Valley Unified School District** | **Chino Valley Unified School District** | **Chino Valley Unified School District** | **Chino Valley Unified School District** | **Chino Valley Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 4.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 2110000 | &nbsp;&nbsp; 2052819 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 5.00% | 08/01/55 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 163812 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.00% | 08/01/55 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 781669 |
| **Citrus Community College District** | **Citrus Community College District** | **Citrus Community College District** | **Citrus Community College District** | **Citrus Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262809 |
| **City & County of San Francisco** | **City & County of San Francisco** | **City & County of San Francisco** | **City & County of San Francisco** | **City & County of San Francisco** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2024 R-1  | 4.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 97966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 R1  | 5.00% | 06/15/29  | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 348395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 R-1  | 5.00% | 06/15/28  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 143458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 R-1  | 5.00% | 06/15/30  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 44482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 R-1  | 5.00% | 06/15/32  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 63175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R1  | 5.00% | 06/15/26  | &nbsp;&nbsp; 1095000 | &nbsp;&nbsp; 1100870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R1  | 5.00% | 06/15/29  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 544205 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R-1  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 111324 |
| **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** | **City of Los Angeles Department of Airports** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 E  | 5.00% | 05/15/44 *(a)* | &nbsp;&nbsp; 775000 | &nbsp;&nbsp; 805639 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D  | 4.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 189023 |

---

**162**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 4.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 4675000 | &nbsp;&nbsp; 4418403 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 I  | 5.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 311285 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 E  | 5.00% | 05/15/50 *(a)* | &nbsp;&nbsp; 2545000 | &nbsp;&nbsp; 2657191 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 E  | 5.25% | 05/15/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1057192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 05/15/28  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 05/15/30 *(a)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 466233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 05/15/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 05/15/32 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 05/15/34 *(a)* | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 553437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 05/15/36 *(a)* | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 388057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 05/15/38 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 134176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 05/15/40 *(a)* | &nbsp;&nbsp; 580000 | &nbsp;&nbsp; 619131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B  | 5.00% | 05/15/26  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B  | 5.00% | 05/15/31 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B  | 5.00% | 05/15/32 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 149207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B  | 5.00% | 05/15/34 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 351222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 05/15/45 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 576368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 D  | 5.25% | 05/15/51 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 799142 |
| **City of Los Angeles Wastewater System Revenue** | **City of Los Angeles Wastewater System Revenue** | **City of Los Angeles Wastewater System Revenue** | **City of Los Angeles Wastewater System Revenue** | **City of Los Angeles Wastewater System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.25% | 06/01/47 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25352 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 06/01/43 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205854 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 06/01/47 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 84029 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 06/01/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 458742 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 06/01/50 *(a)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 859713 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 06/01/55 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 B  | 5.00% | 06/01/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 B  | 5.00% | 06/01/27  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 118825 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 06/01/28  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 111355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 06/01/29  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 222406 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 06/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 06/01/38 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1161344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 06/01/26  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 502257 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 06/01/27  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516631 |
| **City of Riverside Electric Revenue** | **City of Riverside Electric Revenue** | **City of Riverside Electric Revenue** | **City of Riverside Electric Revenue** | **City of Riverside Electric Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262855 |
| **City of Sacramento Transient Occupancy Tax Revenue** | **City of Sacramento Transient Occupancy Tax Revenue** | **City of Sacramento Transient Occupancy Tax Revenue** | **City of Sacramento Transient Occupancy Tax Revenue** | **City of Sacramento Transient Occupancy Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 06/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255358 |
| **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** | **City of San Francisco Public Utilities Commission Water Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 11/01/50 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 303408 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 11/01/50 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 45477 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 11/01/48 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 431871 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 11/01/52 *(a)* | &nbsp;&nbsp; 900000 | &nbsp;&nbsp; 950674 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 D  | 5.00% | 11/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1043394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 11/01/26  | &nbsp;&nbsp; 865000 | &nbsp;&nbsp; 878469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 11/01/39 *(a)* | &nbsp;&nbsp; 430000 | &nbsp;&nbsp; 423555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 C  | 5.00% | 11/01/32  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1153985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 C  | 5.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 113896 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 F  | 5.00% | 11/01/29  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1093502 |

---

**163**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of San Jose** | **City of San Jose** | **City of San Jose** | **City of San Jose** | **City of San Jose** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A-1  | 5.00% | 09/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258370 |
| **City of Vernon Electric System Revenue** | **City of Vernon Electric System Revenue** | **City of Vernon Electric System Revenue** | **City of Vernon Electric System Revenue** | **City of Vernon Electric System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 10/01/27  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30945 |
| **Clovis Unified School District** | **Clovis Unified School District** | **Clovis Unified School District** | **Clovis Unified School District** | **Clovis Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 4.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 1840000 | &nbsp;&nbsp; 1735918 |
| **Coast Community College District** | **Coast Community College District** | **Coast Community College District** | **Coast Community College District** | **Coast Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2006 B  | 2.82% | 08/01/27 *(c)(d)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 106259 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2006 B  | 3.01% | 08/01/30 *(c)(d)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 340609 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 4.50% | 08/01/39 *(a)(b)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 128653 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 F  | 4.16% | 08/01/40 *(a)(d)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 303719 |
| **Colton Joint Unified School District** | **Colton Joint Unified School District** | **Colton Joint Unified School District** | **Colton Joint Unified School District** | **Colton Joint Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/55 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 255345 |
| **Compton Unified School District** | **Compton Unified School District** | **Compton Unified School District** | **Compton Unified School District** | **Compton Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 4.00% | 06/01/49 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 137689 |
| **Contra Costa Community College District** | **Contra Costa Community College District** | **Contra Costa Community College District** | **Contra Costa Community College District** | **Contra Costa Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2014 A  | 4.00% | 08/01/39 *(a)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4000034 |
| **Contra Costa Transportation Authority Sales Tax Revenue** | **Contra Costa Transportation Authority Sales Tax Revenue** | **Contra Costa Transportation Authority Sales Tax Revenue** | **Contra Costa Transportation Authority Sales Tax Revenue** | **Contra Costa Transportation Authority Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 03/01/34 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 42167 |
| **Corona-Norco Unified School District** | **Corona-Norco Unified School District** | **Corona-Norco Unified School District** | **Corona-Norco Unified School District** | **Corona-Norco Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 C  | 4.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 45504 |
| **County of Sacramento Airport System Revenue** | **County of Sacramento Airport System Revenue** | **County of Sacramento Airport System Revenue** | **County of Sacramento Airport System Revenue** | **County of Sacramento Airport System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 156665 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.25% | 07/01/49 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 797271 |
| **County of San Bernardino** | **County of San Bernardino** | **County of San Bernardino** | **County of San Bernardino** | **County of San Bernardino** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2019 A  | 5.00% | 10/01/26  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40537 |
| **County of San Diego** | **County of San Diego** | **County of San Diego** | **County of San Diego** | **County of San Diego** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104708 |
| **County of Santa Clara** | **County of Santa Clara** | **County of Santa Clara** | **County of Santa Clara** | **County of Santa Clara** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 3.25% | 08/01/39 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 448481 |
| **Desert Community College District** | **Desert Community College District** | **Desert Community College District** | **Desert Community College District** | **Desert Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A-1  | 4.00% | 08/01/51 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 642799 |
| **Downey Unified School District** | **Downey Unified School District** | **Downey Unified School District** | **Downey Unified School District** | **Downey Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 4.00% | 08/01/52 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 920489 |
| **Dublin Unified School District** | **Dublin Unified School District** | **Dublin Unified School District** | **Dublin Unified School District** | **Dublin Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 4.13% | 08/01/49 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 958368 |
| **East Bay Municipal Utility District Water System Revenue** | **East Bay Municipal Utility District Water System Revenue** | **East Bay Municipal Utility District Water System Revenue** | **East Bay Municipal Utility District Water System Revenue** | **East Bay Municipal Utility District Water System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 06/01/42 *(a)* | &nbsp;&nbsp; 3705000 | &nbsp;&nbsp; 3769151 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 4.00% | 06/01/45 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 151516 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 06/01/49 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 63131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 06/01/29 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 72252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 06/01/30 *(a)* | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 520739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 06/01/31 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 06/01/33 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 118175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 06/01/35 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 06/01/27  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 06/01/33  | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 554918 |
| **East County Advanced Water Purification Joint Powers Authority** | **East County Advanced Water Purification Joint Powers Authority** | **East County Advanced Water Purification Joint Powers Authority** | **East County Advanced Water Purification Joint Powers Authority** | **East County Advanced Water Purification Joint Powers Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 3.13% | 09/01/26 *(a)* | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 570097 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-2  | 5.00% | 09/01/26 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 331447 |

---

**164**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **East Side Union High School District** | **East Side Union High School District** | **East Side Union High School District** | **East Side Union High School District** | **East Side Union High School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 08/01/30 *(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111178 |
| **Eastern Municipal Water District Financing Authority** | **Eastern Municipal Water District Financing Authority** | **Eastern Municipal Water District Financing Authority** | **Eastern Municipal Water District Financing Authority** | **Eastern Municipal Water District Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 D  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 86026 |
| **El Camino Community College District Fountation** | **El Camino Community College District Fountation** | **El Camino Community College District Fountation** | **El Camino Community College District Fountation** | **El Camino Community College District Fountation** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2012 C  | 2.89% | 08/01/34 *(d)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 569056 |
| **Elk Grove Unified School District** | **Elk Grove Unified School District** | **Elk Grove Unified School District** | **Elk Grove Unified School District** | **Elk Grove Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 4.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 184816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2016  | 3.13% | 02/01/40 *(a)(c)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 220156 |
| **Folsom Cordova Unified School District** | **Folsom Cordova Unified School District** | **Folsom Cordova Unified School District** | **Folsom Cordova Unified School District** | **Folsom Cordova Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 D  | 4.00% | 10/01/44 *(a)(c)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 337583 |
| **Foothill-De Anza Community College District** | **Foothill-De Anza Community College District** | **Foothill-De Anza Community College District** | **Foothill-De Anza Community College District** | **Foothill-De Anza Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 97475 |
| **Foothill-Eastern Transportation Corridor Agency** | **Foothill-Eastern Transportation Corridor Agency** | **Foothill-Eastern Transportation Corridor Agency** | **Foothill-Eastern Transportation Corridor Agency** | **Foothill-Eastern Transportation Corridor Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1995 A  | 2.48% | 01/01/28 *(b)(d)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 325865 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 01/15/46 *(a)* | &nbsp;&nbsp; 810000 | &nbsp;&nbsp; 769910 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014 B-2  | 3.50% | 01/15/53 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 51321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 2.94% | 01/15/34 *(c)(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 776088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 01/15/46 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1425759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 C  | 4.00% | 01/15/43 *(a)* | &nbsp;&nbsp; 1105000 | &nbsp;&nbsp; 1067960 |
| **Fresno Unified School District** | **Fresno Unified School District** | **Fresno Unified School District** | **Fresno Unified School District** | **Fresno Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 4.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 370544 |
| **Fullerton Joint Union High School District** | **Fullerton Joint Union High School District** | **Fullerton Joint Union High School District** | **Fullerton Joint Union High School District** | **Fullerton Joint Union High School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 4.00% | 08/01/54 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 135214 |
| **Glendale Community College District** | **Glendale Community College District** | **Glendale Community College District** | **Glendale Community College District** | **Glendale Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.25% | 08/01/41 *(a)(b)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103968 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 4.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1418181 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 4.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 157494 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 521616 |
| **Grossmont-Cuyamaca Community College District** | **Grossmont-Cuyamaca Community College District** | **Grossmont-Cuyamaca Community College District** | **Grossmont-Cuyamaca Community College District** | **Grossmont-Cuyamaca Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B  | 4.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 122691 |
| **Hayward Area Recreation & Park District** | **Hayward Area Recreation & Park District** | **Hayward Area Recreation & Park District** | **Hayward Area Recreation & Park District** | **Hayward Area Recreation & Park District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 4.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24453 |
| **Hayward Unified School District** | **Hayward Unified School District** | **Hayward Unified School District** | **Hayward Unified School District** | **Hayward Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 4.00% | 08/01/42 *(a)(c)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 34105 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 4.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 237080 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 08/01/45 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 146577 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 08/01/50 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 138385 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 B  | 4.25% | 08/01/55 *(a)(c)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1899260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 4.00% | 08/01/43 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1001625 |
| **Imperial Irrigation District Electric System Revenue** | **Imperial Irrigation District Electric System Revenue** | **Imperial Irrigation District Electric System Revenue** | **Imperial Irrigation District Electric System Revenue** | **Imperial Irrigation District Electric System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B-1  | 5.00% | 11/01/46 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50280 |
| **Irvine Facilities Financing Authority** | **Irvine Facilities Financing Authority** | **Irvine Facilities Financing Authority** | **Irvine Facilities Financing Authority** | **Irvine Facilities Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 05/01/48 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 300228 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 4.25% | 05/01/53 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 95771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Special Tax Community Facilities District No. 2013-3 Series 2023 A  | 5.00% | 09/01/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 522653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Special Tax Community Facilities District No. 2013-3 Series 2023 A  | 5.25% | 09/01/53 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26135 |
| &nbsp;&nbsp;&nbsp;&nbsp; Special Tax Community Facilities District No. 2013-3 Series 2023 A  | 4.00% | 09/01/58 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88777 |
| **Livermore Valley Joint Unified School District** | **Livermore Valley Joint Unified School District** | **Livermore Valley Joint Unified School District** | **Livermore Valley Joint Unified School District** | **Livermore Valley Joint Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 4.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 232537 |

---

**165**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Long Beach Community College District** | **Long Beach Community College District** | **Long Beach Community College District** | **Long Beach Community College District** | **Long Beach Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 C  | 4.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 136511 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 E  | 5.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 534579 |
| **Long Beach Unified School District** | **Long Beach Unified School District** | **Long Beach Unified School District** | **Long Beach Unified School District** | **Long Beach Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 3.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 113036 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 3.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 256602 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 F  | 3.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 3250000 | &nbsp;&nbsp; 2474466 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 C  | 4.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92435 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 C  | 4.00% | 08/01/53 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 907388 |
| **Los Angeles Community College District** | **Los Angeles Community College District** | **Los Angeles Community College District** | **Los Angeles Community College District** | **Los Angeles Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 J  | 4.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 996275 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 K  | 4.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 4065000 | &nbsp;&nbsp; 4066123 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 K  | 3.00% | 08/01/39 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 250564 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C-1  | 5.00% | 08/01/26  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25212 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 L  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 28175 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A-1  | 5.00% | 08/01/27  | &nbsp;&nbsp; 430000 | &nbsp;&nbsp; 446064 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 D  | 5.00% | 08/01/28  | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 335659 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 D  | 5.00% | 08/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111178 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/26  | &nbsp;&nbsp; 1190000 | &nbsp;&nbsp; 1200079 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/27  | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 326768 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 52322 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 199797 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 E  | 5.00% | 08/01/28  | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 745909 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 E  | 5.00% | 08/01/29  | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 234385 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 E  | 5.00% | 08/01/30  | &nbsp;&nbsp; 640000 | &nbsp;&nbsp; 711541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2015 C  | 5.00% | 06/01/26  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 80338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50046 |
| **Los Angeles County Facilities 2, Inc.** | **Los Angeles County Facilities 2, Inc.** | **Los Angeles County Facilities 2, Inc.** | **Los Angeles County Facilities 2, Inc.** | **Los Angeles County Facilities 2, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 06/01/49 *(a)* | &nbsp;&nbsp; 620000 | &nbsp;&nbsp; 657439 |
| **Los Angeles County Facilities, Inc.** | **Los Angeles County Facilities, Inc.** | **Los Angeles County Facilities, Inc.** | **Los Angeles County Facilities, Inc.** | **Los Angeles County Facilities, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 507504 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 4.00% | 12/01/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 91751 |
| **Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue** | **Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue** | **Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue** | **Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue** | **Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30795 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152937 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203917 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 125337 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62924 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 177948 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251175 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/27  | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 180697 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/28  | &nbsp;&nbsp; 865000 | &nbsp;&nbsp; 917731 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/29  | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 179274 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/30  | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 310433 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/33 *(a)* | &nbsp;&nbsp; 2510000 | &nbsp;&nbsp; 2580524 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/34 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256674 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/35 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54521 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 4.00% | 06/01/36 *(a)* | &nbsp;&nbsp; 1290000 | &nbsp;&nbsp; 1334529 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/36 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37994 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 06/01/37 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54167 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 06/01/29  | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 293357 |

---

**166**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 06/01/30  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 116589 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 06/01/32 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 185618 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 06/01/33 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 89679 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 06/01/34 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 286909 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 06/01/35 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 179879 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 06/01/37 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 06/01/35 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 501769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/01/31  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1130145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/01/33  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 87297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/01/38 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 143223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1137504 |
| **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** | **Los Angeles County Public Works Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 D  | 4.00% | 12/01/40 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 199232 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 4.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 266232 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 3.00% | 12/01/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 370429 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 F  | 4.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96499 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 J  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1337987 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 J  | 5.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 202093 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 J  | 5.00% | 12/01/47 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1073042 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 J  | 5.25% | 12/01/50 *(a)* | &nbsp;&nbsp; 900000 | &nbsp;&nbsp; 962784 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 J  | 5.50% | 12/01/54 *(a)* | &nbsp;&nbsp; 1900000 | &nbsp;&nbsp; 2052623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 H  | 5.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 559236 |
| **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** | **Los Angeles Department of Water & Power** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2017 A  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 162068 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2017 A  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100411 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2017 C  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3020461 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2019 A  | 5.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 142959 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2019 A  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 177218 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2021 C  | 4.00% | 07/01/26 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50112 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2021 C  | 5.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 1190000 | &nbsp;&nbsp; 1227240 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2021 C  | 5.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1525454 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2022 A  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 133575 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2022 A  | 5.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 269497 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2022 B  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52339 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2022 B  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 113036 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2023 B  | 5.25% | 07/01/53 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41322 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2024 D  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 540300 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2024 D  | 5.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 444675 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2024 D  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103495 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Power System Revenue Series 2024 D  | 5.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 D  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2223813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2017 B  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2018 D  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2018 D  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2019 B  | 5.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 293225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2019 B  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 418414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2019 D  | 5.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1055396 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2019 D  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2020 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 236568 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2020 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 159389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2020 B  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 245588 |

---

**167**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2020 B  | 5.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 718096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2021 B  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 313207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2021 B  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 82011 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2021 B  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2022 C  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 900000 | &nbsp;&nbsp; 951482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2022 C  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 363044 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2022 E  | 5.00% | 07/01/26  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2022 E  | 5.00% | 07/01/27  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2022 E  | 5.00% | 07/01/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106260 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2023 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 266630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2023 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 1135000 | &nbsp;&nbsp; 1206046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2023 A  | 5.00% | 07/01/31  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 114764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2023 D  | 5.00% | 07/01/32  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 552966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2023 D  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2023 E  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1101335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2023 E  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 354478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2023 E  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 410068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2023 E  | 5.00% | 07/01/53 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 B  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 93172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 B  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 452482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 B  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 162576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 C  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 454056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 C  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 1020000 | &nbsp;&nbsp; 1098700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 C  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 1905000 | &nbsp;&nbsp; 2001006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 C  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 815000 | &nbsp;&nbsp; 846438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 E  | 5.00% | 07/01/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2024 E  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2025 A  | 5.00% | 07/01/28 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1553576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2025 A  | 5.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2055907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2025 A  | 5.00% | 07/01/53 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1028318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2025 B  | 5.00% | 07/01/30  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1078012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2025 B  | 5.00% | 07/01/31  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1092989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2025 C  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2138676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Power System Revenue Series 2025 C  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 804123 |
| **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** | **Los Angeles Department of Water & Power Water System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85759 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 07/01/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 88380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 304480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1025141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 C  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 C  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 226400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 C  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 110179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 C  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 522528 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 302568 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 4.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 181738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 80207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 462811 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 258798 |

---

**168**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 368063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 157018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 D  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 D  | 5.00% | 07/01/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 508843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 07/01/33  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 83644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 166364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 1550000 | &nbsp;&nbsp; 1676170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/30 *(a)* | &nbsp;&nbsp; 705000 | &nbsp;&nbsp; 746978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2179297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2690401 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 07/01/44 *(a)(c)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 297457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1031905 |
| **Los Angeles Unified School District** | **Los Angeles Unified School District** | **Los Angeles Unified School District** | **Los Angeles Unified School District** | **Los Angeles Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023 A  | 5.00% | 10/01/34 *(a)(b)* | &nbsp;&nbsp; 1190000 | &nbsp;&nbsp; 1381918 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023 A  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 795000 | &nbsp;&nbsp; 917362 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023 A  | 5.00% | 10/01/36 *(a)(b)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 69677 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023 A  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 45038 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023 A  | 5.00% | 10/01/37 *(a)(b)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 63870 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023 A  | 5.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 39124 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 4.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 107661 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B-1  | 5.00% | 07/01/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251631 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B-1  | 5.00% | 07/01/27  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258643 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B-1  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104393 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B-1  | 5.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 442468 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B-1  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 233915 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B-1  | 5.25% | 07/01/42 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 319776 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 07/01/26  | &nbsp;&nbsp; 625000 | &nbsp;&nbsp; 629077 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 07/01/27  | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 222433 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 07/01/29  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 200888 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 148542 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 3.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 67177 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 82135 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50841 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 354087 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 203950 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 3.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 80848 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 RYQ  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 93101 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 RYQ  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 217843 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 RYQ  | 4.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 118586 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 RYQ  | 4.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25667 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 RYQ  | 4.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 630000 | &nbsp;&nbsp; 626774 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 RYRR  | 4.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 130690 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 QRR  | 5.00% | 07/01/29  | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 152024 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 QRR  | 5.25% | 07/01/47 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 271853 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 11395 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 28262 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 07/01/40 *(a)* | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 570748 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 07/01/42 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55907 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 07/01/48 *(a)* | &nbsp;&nbsp; 1285000 | &nbsp;&nbsp; 1369880 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 QRR  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1759581 |

---

**169**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 QRR  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 79440 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 QRR  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 56212 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 QRR  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276027 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 QRR  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2186541 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 QRR  | 5.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 48686 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 QRR  | 5.25% | 07/01/49 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 90817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 07/01/27 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 156053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 2.00% | 07/01/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96089 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 3.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 163429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 3.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 48897 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 412675 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 1085000 | &nbsp;&nbsp; 1122510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 491421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 575518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 195078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 216106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 575000 | &nbsp;&nbsp; 618082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 310371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 291868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 1060000 | &nbsp;&nbsp; 1066915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 1445000 | &nbsp;&nbsp; 1494955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 875000 | &nbsp;&nbsp; 928672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 1175000 | &nbsp;&nbsp; 1275913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 1540000 | &nbsp;&nbsp; 1705492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 07/01/31  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 563543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 2025000 | &nbsp;&nbsp; 2316113 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 07/01/33  | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp; 6939223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 07/01/34  | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 275005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 135735 |
| **Marin Healthcare District** | **Marin Healthcare District** | **Marin Healthcare District** | **Marin Healthcare District** | **Marin Healthcare District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 4.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 320085 |
| **Metropolitan Water District of Southern California** | **Metropolitan Water District of Southern California** | **Metropolitan Water District of Southern California** | **Metropolitan Water District of Southern California** | **Metropolitan Water District of Southern California** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 10/01/45 *(a)* | &nbsp;&nbsp; 1535000 | &nbsp;&nbsp; 1602193 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 10/01/46 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 211377 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 04/01/53 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41525 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 2.50% | 07/01/26  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 99950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 2.50% | 07/01/27  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 149743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp; 1449867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3719232 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 264201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 C  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 10/01/28  | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 588903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 10/01/29  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 04/01/31  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 28245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 04/01/34  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 130065 |
| **Mountain View-Whisman School District** | **Mountain View-Whisman School District** | **Mountain View-Whisman School District** | **Mountain View-Whisman School District** | **Mountain View-Whisman School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 4.25% | 09/01/45 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40185 |

---

**170**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Mt San Antonio Community College District** | **Mt San Antonio Community College District** | **Mt San Antonio Community College District** | **Mt San Antonio Community College District** | **Mt San Antonio Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 4.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 492140 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 E  | 4.07% | 08/01/46 *(a)(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 96204 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1059034 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.25% | 08/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 534241 |
| **Municipal Improvement Corp. of Los Angeles** | **Municipal Improvement Corp. of Los Angeles** | **Municipal Improvement Corp. of Los Angeles** | **Municipal Improvement Corp. of Los Angeles** | **Municipal Improvement Corp. of Los Angeles** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 05/01/46 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1053250 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 05/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1054607 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 05/01/55 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1129058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 11/01/29 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 11/01/30 *(a)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 319209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 202544 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 580000 | &nbsp;&nbsp; 581570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150123 |
| **Napa Valley Unified School District** | **Napa Valley Unified School District** | **Napa Valley Unified School District** | **Napa Valley Unified School District** | **Napa Valley Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 C  | 4.00% | 08/01/44 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 242099 |
| **Natomas Unified School District** | **Natomas Unified School District** | **Natomas Unified School District** | **Natomas Unified School District** | **Natomas Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 4.00% | 08/01/49 *(a)(c)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 22904 |
| **New Haven Unified School District** | **New Haven Unified School District** | **New Haven Unified School District** | **New Haven Unified School District** | **New Haven Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2009  | 3.52% | 08/01/33 *(c)(d)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 98899 |
| **Newport Mesa Unified School District** | **Newport Mesa Unified School District** | **Newport Mesa Unified School District** | **Newport Mesa Unified School District** | **Newport Mesa Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2011  | 3.10% | 08/01/33 *(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 199663 |
| **Norman Y Mineta San Jose International Airport SJC** | **Norman Y Mineta San Jose International Airport SJC** | **Norman Y Mineta San Jose International Airport SJC** | **Norman Y Mineta San Jose International Airport SJC** | **Norman Y Mineta San Jose International Airport SJC** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 03/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 03/01/47 *(a)(c)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 161252 |
| **North Orange County Community College District** | **North Orange County Community College District** | **North Orange County Community College District** | **North Orange County Community College District** | **North Orange County Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2003 B  | 2.97% | 08/01/28 *(c)(d)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 33022 |
| **Northern California Sanitation Agencies Financing Authority** | **Northern California Sanitation Agencies Financing Authority** | **Northern California Sanitation Agencies Financing Authority** | **Northern California Sanitation Agencies Financing Authority** | **Northern California Sanitation Agencies Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sacramento Area Sewer District Series 2020 A  | 5.00% | 12/01/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103493 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sacramento Area Sewer District Series 2021  | 5.00% | 12/01/31  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 39903 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sacramento Area Sewer District Series 2021  | 5.00% | 12/01/32 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 144821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sacramento Area Sewer District Series 2021  | 5.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 130276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sacramento Area Sewer District Series 2024 A  | 5.00% | 12/01/35 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 76617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sacramento Area Sewer District Series 2024 A  | 5.00% | 12/01/38 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 63476 |
| **Oakland Unified School District/Alameda County** | **Oakland Unified School District/Alameda County** | **Oakland Unified School District/Alameda County** | **Oakland Unified School District/Alameda County** | **Oakland Unified School District/Alameda County** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 08/01/46 *(a)(c)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 277153 |
| **Orange County Local Transportation Authority Sales Tax Revenue** | **Orange County Local Transportation Authority Sales Tax Revenue** | **Orange County Local Transportation Authority Sales Tax Revenue** | **Orange County Local Transportation Authority Sales Tax Revenue** | **Orange County Local Transportation Authority Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 02/15/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104193 |
| **Oxnard Union High School District** | **Oxnard Union High School District** | **Oxnard Union High School District** | **Oxnard Union High School District** | **Oxnard Union High School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 08/01/42 *(a)(b)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100901 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 4.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 47934 |
| **Palo Alto Unified School District** | **Palo Alto Unified School District** | **Palo Alto Unified School District** | **Palo Alto Unified School District** | **Palo Alto Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 08/01/29  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 545250 |
| **Palomar Community College District** | **Palomar Community College District** | **Palomar Community College District** | **Palomar Community College District** | **Palomar Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 4.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 95616 |
| **Pasadena Area Community College District** | **Pasadena Area Community College District** | **Pasadena Area Community College District** | **Pasadena Area Community College District** | **Pasadena Area Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 A-1  | 5.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 239866 |
| **Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue** | **Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue** | **Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue** | **Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue** | **Peninsula Corridor Joint Powers Board Measure RR Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 06/01/51 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 308770 |

---

**171**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Peralta Community College District** | **Peralta Community College District** | **Peralta Community College District** | **Peralta Community College District** | **Peralta Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 5.50% | 08/01/52 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1057948 |
| **Perris Union High School District** | **Perris Union High School District** | **Perris Union High School District** | **Perris Union High School District** | **Perris Union High School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 4.00% | 09/01/43 *(a)(c)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 34517 |
| **Pleasanton Unified School District** | **Pleasanton Unified School District** | **Pleasanton Unified School District** | **Pleasanton Unified School District** | **Pleasanton Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 08/01/52 *(a)* | &nbsp;&nbsp; 555000 | &nbsp;&nbsp; 499934 |
| **Pomona Unified School District** | **Pomona Unified School District** | **Pomona Unified School District** | **Pomona Unified School District** | **Pomona Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/55 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 140605 |
| **Poway Unified School District** | **Poway Unified School District** | **Poway Unified School District** | **Poway Unified School District** | **Poway Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Facilities Improvement District No. 2007-1 Series 2009 A  | 6.50% | 08/01/31 *(d)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 51020 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Facilities Improvement District No. 2007-1 Series 2011  | 3.98% | 08/01/33 *(d)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 67042 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Facilities Improvement District No. 2007-1 Series 2011  | 2.92% | 08/01/34 *(d)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 212239 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Facilities Improvement District No. 2007-1 Series 2011  | 4.12% | 08/01/37 *(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 164848 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Facilities Improvement District No. 2007-1 Series 2011  | 4.61% | 08/01/51 *(d)* | &nbsp;&nbsp; 2635000 | &nbsp;&nbsp; 796940 |
| **Rancho Santiago Community College District** | **Rancho Santiago Community College District** | **Rancho Santiago Community College District** | **Rancho Santiago Community College District** | **Rancho Santiago Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2006 C  | 3.31% | 09/01/30 *(c)(d)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 245229 |
| **Rio Hondo Community College District** | **Rio Hondo Community College District** | **Rio Hondo Community College District** | **Rio Hondo Community College District** | **Rio Hondo Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 D  | 4.49% | 08/01/44 *(a)(d)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 211134 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 D  | 4.34% | 08/01/45 *(a)(d)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 119750 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 4.38% | 08/01/55 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 341298 |
| **River Islands Public Financing Authority** | **River Islands Public Financing Authority** | **River Islands Public Financing Authority** | **River Islands Public Financing Authority** | **River Islands Public Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding Special Tax Community Facilities District No. 2003-1 Area 1 Series 2022 <br> A-1 <br>| 5.25% | 09/01/52 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520431 |
| **Riverside Community College District** | **Riverside Community College District** | **Riverside Community College District** | **Riverside Community College District** | **Riverside Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 4.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 236673 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 4.00% | 08/01/54 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 232094 |
| **Riverside County Transportation Commission** | **Riverside County Transportation Commission** | **Riverside County Transportation Commission** | **Riverside County Transportation Commission** | **Riverside County Transportation Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B-1  | 4.00% | 06/01/37 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 61970 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B-1  | 4.00% | 06/01/39 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 283775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B-1  | 4.00% | 06/01/40 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 82207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B-1  | 4.00% | 06/01/46 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 135389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 C  | 4.00% | 06/01/47 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 44307 |
| **Riverside County Transportation Commission Sales Tax Revenue** | **Riverside County Transportation Commission Sales Tax Revenue** | **Riverside County Transportation Commission Sales Tax Revenue** | **Riverside County Transportation Commission Sales Tax Revenue** | **Riverside County Transportation Commission Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 06/01/30 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 177505 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 06/01/32 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 572910 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 06/01/35 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 233480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 06/01/37 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25879 |
| **Riverside Unified School District** | **Riverside Unified School District** | **Riverside Unified School District** | **Riverside Unified School District** | **Riverside Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 4.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 195395 |
| **Sacramento Area Flood Control Agency** | **Sacramento Area Flood Control Agency** | **Sacramento Area Flood Control Agency** | **Sacramento Area Flood Control Agency** | **Sacramento Area Flood Control Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding Special Assesment Consolidated Capital Assessment District No. 2 Series <br> 2016 A <br>| 5.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 307547 |
| **Sacramento City Financing Authority** | **Sacramento City Financing Authority** | **Sacramento City Financing Authority** | **Sacramento City Financing Authority** | **Sacramento City Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2006  | 5.25% | 12/01/30 *(c)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 419535 |
| **Sacramento City Unified School District** | **Sacramento City Unified School District** | **Sacramento City Unified School District** | **Sacramento City Unified School District** | **Sacramento City Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 G  | 4.00% | 08/01/49 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 232838 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.50% | 08/01/52 *(a)(c)* | &nbsp;&nbsp; 820000 | &nbsp;&nbsp; 854955 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 312509 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 08/01/54 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2582556 |
| **Sacramento Municipal Utility District** | **Sacramento Municipal Utility District** | **Sacramento Municipal Utility District** | **Sacramento Municipal Utility District** | **Sacramento Municipal Utility District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 G  | 5.00% | 08/15/39 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37114 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 G  | 5.00% | 08/15/40 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 253227 |

---

**172**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 H  | 4.00% | 08/15/45 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 315344 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 K  | 5.00% | 08/15/48 *(a)* | &nbsp;&nbsp; 3020000 | &nbsp;&nbsp; 3185382 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 K  | 5.00% | 08/15/53 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 109111 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 M  | 5.00% | 11/15/49 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 95020 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 M  | 5.00% | 11/15/54 *(a)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 452739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 N-1  | 5.00% | 11/15/32  | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 138864 |
| **Sacramento Transportation Authority Sales Tax Revenue** | **Sacramento Transportation Authority Sales Tax Revenue** | **Sacramento Transportation Authority Sales Tax Revenue** | **Sacramento Transportation Authority Sales Tax Revenue** | **Sacramento Transportation Authority Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 5.00% | 10/01/32  | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 109632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 145669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 207021 |
| **San Bernardino City Unified School District** | **San Bernardino City Unified School District** | **San Bernardino City Unified School District** | **San Bernardino City Unified School District** | **San Bernardino City Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 F  | 3.00% | 08/01/44 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 832148 |
| **San Bernardino Community College District** | **San Bernardino Community College District** | **San Bernardino Community College District** | **San Bernardino Community College District** | **San Bernardino Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2009 B  | 4.16% | 08/01/38 *(d)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 153507 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2009 B  | 4.63% | 08/01/48 *(d)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 53687 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 4.00% | 08/01/49 *(a)(b)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 61465 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 4.13% | 08/01/49 *(a)* | &nbsp;&nbsp; 540000 | &nbsp;&nbsp; 520571 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 124932 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 F  | 5.17% | 08/01/50 *(a)(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 280881 |
| **San Diego Community College District** | **San Diego Community College District** | **San Diego Community College District** | **San Diego Community College District** | **San Diego Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 5.00% | 08/01/29 *(a)(b)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 222048 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 5.00% | 08/01/31 *(a)(b)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25233 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/30  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 83712 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A-1  | 4.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 938423 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A-1  | 5.00% | 08/01/55 *(a)* | &nbsp;&nbsp; 1520000 | &nbsp;&nbsp; 1586894 |
| **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** | **San Diego County Regional Airport Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 1075000 | &nbsp;&nbsp; 1033602 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 322709 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36038 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/01/56 *(a)* | &nbsp;&nbsp; 545000 | &nbsp;&nbsp; 490918 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/01/56 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 310879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 58541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 4.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25316 |
| **San Diego County Regional Transportation Commission** | **San Diego County Regional Transportation Commission** | **San Diego County Regional Transportation Commission** | **San Diego County Regional Transportation Commission** | **San Diego County Regional Transportation Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 04/01/48 *(a)(b)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 04/01/29  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 216923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 04/01/32  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 86214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 04/01/33  | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 617844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 04/01/37 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 341134 |
| **San Diego County Water Authority** | **San Diego County Water Authority** | **San Diego County Water Authority** | **San Diego County Water Authority** | **San Diego County Water Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 4.00% | 05/01/33 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 4.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 84390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 4.00% | 05/01/35 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 273005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 4.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 S-1  | 5.00% | 05/01/28 *(a)* | &nbsp;&nbsp; 695000 | &nbsp;&nbsp; 733116 |
| **San Diego Public Facilities Financing Authority** | **San Diego Public Facilities Financing Authority** | **San Diego Public Facilities Financing Authority** | **San Diego Public Facilities Financing Authority** | **San Diego Public Facilities Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 10/15/50 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 237953 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 4.00% | 10/15/48 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 117384 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 4.00% | 08/01/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 456882 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sewer Utility Revenue Series 2022 A  | 5.00% | 05/15/47 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15842 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sewer Utility Revenue Series 2023 A  | 5.25% | 08/01/48 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37686 |

---

**173**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sewer Utility Revenue Series 2024 A  | 5.00% | 05/15/54 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260022 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Utility Revenue Series 2019 A  | 5.00% | 08/01/43 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 206740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.25% | 10/15/55 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2646327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sewer Utility Revenue Series 2016 A  | 5.00% | 05/15/27 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sewer Utility Revenue Series 2016 B  | 5.00% | 08/01/27 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75655 |
| **San Diego Unified School District** | **San Diego Unified School District** | **San Diego Unified School District** | **San Diego Unified School District** | **San Diego Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2010 C  | 3.08% | 07/01/30 *(d)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 26613 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2010 C  | 3.41% | 07/01/35 *(d)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 146687 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2010 C  | 3.96% | 07/01/38 *(d)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1266792 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2010 C  | 4.23% | 07/01/45 *(d)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 64949 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2012 R-1  | 3.04% | 07/01/30 *(d)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 146372 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 I  | 3.13% | 07/01/42 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 150317 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 I  | 4.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 94530 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 3.25% | 07/01/48 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 278911 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 L  | 4.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93329 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D-2  | 2.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1321736 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 M-2  | 4.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 185307 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 N-2  | 4.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 1765000 | &nbsp;&nbsp; 1706319 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 F-2  | 5.00% | 07/01/29  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 299521 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A-3  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1315057 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A-3  | 4.00% | 07/01/53 *(a)* | &nbsp;&nbsp; 1900000 | &nbsp;&nbsp; 1748155 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 G  | 5.00% | 07/01/28  | &nbsp;&nbsp; 685000 | &nbsp;&nbsp; 728574 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 G  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 92804 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 G  | 4.00% | 07/01/53 *(a)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 487643 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 N-2  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 57863 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 N-2  | 5.00% | 07/01/53 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 186266 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B-3  | 4.00% | 07/01/54 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 317993 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 H-2  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 1655000 | &nbsp;&nbsp; 1741429 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C-3  | 5.00% | 07/01/26  | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 211333 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C-3  | 5.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1576161 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 I-3  | 5.00% | 07/01/26  | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 221396 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2005 E-2  | 5.50% | 07/01/27 *(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 156466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2006 F-1  | 5.25% | 07/01/28 *(c)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 96320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 ZR-6A  | 5.00% | 07/01/42  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 351487 |
| **San Francisco Bay Area Rapid Transit District** | **San Francisco Bay Area Rapid Transit District** | **San Francisco Bay Area Rapid Transit District** | **San Francisco Bay Area Rapid Transit District** | **San Francisco Bay Area Rapid Transit District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A-1  | 4.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 147068 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B-1  | 4.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 301488 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B-1  | 3.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 111711 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C-1  | 4.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 199444 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C-1  | 3.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 1355000 | &nbsp;&nbsp; 995168 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 D1  | 4.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 94796 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 D-1  | 5.25% | 08/01/47 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 201249 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 D-1  | 4.25% | 08/01/52 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 129633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 E  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51476 |
| **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** | **San Francisco City & County Airport Comm-San Francisco International Airport** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B  | 5.00% | 05/01/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151494 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 E  | 5.00% | 05/01/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101736 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 05/01/49 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30702 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 F  | 5.00% | 05/01/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101919 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 D  | 5.00% | 05/01/32 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 537872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 D  | 5.00% | 05/01/33 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53640 |

---

**174**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 D  | 5.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 69552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 D  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 403077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 05/01/31  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 67523 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 4.00% | 05/01/52 *(a)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 390164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 5.00% | 05/01/52 *(a)* | &nbsp;&nbsp; 1115000 | &nbsp;&nbsp; 1148578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 05/01/43 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 43469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 D  | 5.25% | 05/01/48 *(a)* | &nbsp;&nbsp; 1290000 | &nbsp;&nbsp; 1379536 |
| **San Francisco City & County Public Utilities Commission Power Revenue** | **San Francisco City & County Public Utilities Commission Power Revenue** | **San Francisco City & County Public Utilities Commission Power Revenue** | **San Francisco City & County Public Utilities Commission Power Revenue** | **San Francisco City & County Public Utilities Commission Power Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 11/01/53 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2066462 |
| **San Francisco City & County Public Utilities Commission Wastewater Revenue** | **San Francisco City & County Public Utilities Commission Wastewater Revenue** | **San Francisco City & County Public Utilities Commission Wastewater Revenue** | **San Francisco City & County Public Utilities Commission Wastewater Revenue** | **San Francisco City & County Public Utilities Commission Wastewater Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2013 B  | 4.00% | 10/01/42 *(a)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 774997 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 4.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 194315 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 331968 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 10/01/45 *(a)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4255447 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/27  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20857 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/28  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 32046 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/29  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27291 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111436 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52973 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.00% | 10/01/54 *(a)* | &nbsp;&nbsp; 1845000 | &nbsp;&nbsp; 1919245 |
| **San Francisco Community College District** | **San Francisco Community College District** | **San Francisco Community College District** | **San Francisco Community College District** | **San Francisco Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.25% | 06/15/49 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 531391 |
| **San Francisco Municipal Transportation Agency** | **San Francisco Municipal Transportation Agency** | **San Francisco Municipal Transportation Agency** | **San Francisco Municipal Transportation Agency** | **San Francisco Municipal Transportation Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 4.00% | 03/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93728 |
| **San Joaquin Hills Transportation Corridor Agency** | **San Joaquin Hills Transportation Corridor Agency** | **San Joaquin Hills Transportation Corridor Agency** | **San Joaquin Hills Transportation Corridor Agency** | **San Joaquin Hills Transportation Corridor Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 1997 A  | 3.62% | 01/15/32 *(c)(d)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 81280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014 A  | 4.00% | 01/15/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 01/15/33 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 01/15/34 *(a)* | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 369649 |
| **San Jose Evergreen Community College District** | **San Jose Evergreen Community College District** | **San Jose Evergreen Community College District** | **San Jose Evergreen Community College District** | **San Jose Evergreen Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 C  | 4.00% | 09/01/45 *(a)* | &nbsp;&nbsp; 1535000 | &nbsp;&nbsp; 1521921 |
| **San Jose Financing Authority** | **San Jose Financing Authority** | **San Jose Financing Authority** | **San Jose Financing Authority** | **San Jose Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Wastewater Revenue Series 2022 B  | 5.00% | 11/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105675 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Wastewater Revenue Series 2022 B  | 5.00% | 11/01/52 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 182129 |
| **San Jose Redevelopment Successor Agency** | **San Jose Redevelopment Successor Agency** | **San Jose Redevelopment Successor Agency** | **San Jose Redevelopment Successor Agency** | **San Jose Redevelopment Successor Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding Tax Allocation Series 2017 A  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 333351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding Tax Allocation Series 2017 A  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 158738 |
| **San Marcos Unified School District** | **San Marcos Unified School District** | **San Marcos Unified School District** | **San Marcos Unified School District** | **San Marcos Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.25% | 08/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1058251 |
| **San Mateo County Community College District** | **San Mateo County Community College District** | **San Mateo County Community College District** | **San Mateo County Community College District** | **San Mateo County Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2006 B  | 2.75% | 09/01/32 *(c)(d)* | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 338429 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2006 B  | 3.52% | 09/01/34 *(c)(d)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 38150 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B  | 5.00% | 09/01/45 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154682 |
| **San Mateo Foster City Public Financing Authority** | **San Mateo Foster City Public Financing Authority** | **San Mateo Foster City Public Financing Authority** | **San Mateo Foster City Public Financing Authority** | **San Mateo Foster City Public Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 4.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 241789 |
| **San Mateo Foster City School District** | **San Mateo Foster City School District** | **San Mateo Foster City School District** | **San Mateo Foster City School District** | **San Mateo Foster City School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 4.00% | 08/01/51 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 140371 |
| **San Mateo Joint Powers Financing Authority** | **San Mateo Joint Powers Financing Authority** | **San Mateo Joint Powers Financing Authority** | **San Mateo Joint Powers Financing Authority** | **San Mateo Joint Powers Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 07/15/43 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154628 |
| **Santa Clara County Financing Authority** | **Santa Clara County Financing Authority** | **Santa Clara County Financing Authority** | **Santa Clara County Financing Authority** | **Santa Clara County Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 3.13% | 05/01/47 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 217450 |

---

**175**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Santa Clara Unified School District** | **Santa Clara Unified School District** | **Santa Clara Unified School District** | **Santa Clara Unified School District** | **Santa Clara Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 3.50% | 07/01/42 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 23199 |
| **Santa Clara Valley Transportation Authority** | **Santa Clara Valley Transportation Authority** | **Santa Clara Valley Transportation Authority** | **Santa Clara Valley Transportation Authority** | **Santa Clara Valley Transportation Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB 2000 Measure A Sales Tax Series 2023 A  | 5.00% | 04/01/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB 2000 Measure A Sales Tax Series 2023 A  | 5.00% | 04/01/29  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB 2000 Measure A Sales Tax Series 2023 A  | 5.00% | 04/01/34 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 300188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB 2000 Measure A Sales Tax Series 2023 A  | 5.00% | 04/01/36 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 45690 |
| **Santa Clara Valley Water District** | **Santa Clara Valley Water District** | **Santa Clara Valley Water District** | **Santa Clara Valley Water District** | **Santa Clara Valley Water District** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023 C1-2  | 4.00% | 06/01/26 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-2  | 5.00% | 06/01/26 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 345807 |
| **Santa Monica Community College District** | **Santa Monica Community College District** | **Santa Monica Community College District** | **Santa Monica Community College District** | **Santa Monica Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 4.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 141139 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 4.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 147103 |
| **Santa Monica-Malibu Unified School District** | **Santa Monica-Malibu Unified School District** | **Santa Monica-Malibu Unified School District** | **Santa Monica-Malibu Unified School District** | **Santa Monica-Malibu Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 1260000 | &nbsp;&nbsp; 1319160 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds School Facilities Improvement District No. Series 2025 A  | 5.00% | 08/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1035383 |
| **Southern California Public Power Authority** | **Southern California Public Power Authority** | **Southern California Public Power Authority** | **Southern California Public Power Authority** | **Southern California Public Power Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Los Angeles Department of Water & Power Power System Revenue Series 2023 1  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 542610 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Los Angeles Department of Water & Power Power System Revenue Series 2024  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 730000 | &nbsp;&nbsp; 768781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Southern Transmission Project Series 2015 C  | 5.00% | 07/01/26 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200592 |
| **Southwestern Community College District** | **Southwestern Community College District** | **Southwestern Community College District** | **Southwestern Community College District** | **Southwestern Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 4.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 47189 |
| **State of California** | **State of California** | **State of California** | **State of California** | **State of California** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2003  | 5.00% | 02/01/28 *(c)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 73277 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2013  | 4.00% | 02/01/43 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 59047 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015  | 4.00% | 03/01/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96949 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 5.00% | 09/01/28 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 126283 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 4.00% | 09/01/31 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 180779 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 4.00% | 09/01/32 *(a)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 406337 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 4.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200428 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 3.00% | 09/01/46 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 208955 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 5.00% | 11/01/27  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1040661 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 216751 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 191433 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 4.00% | 11/01/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 143151 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 5.00% | 11/01/47 *(a)* | &nbsp;&nbsp; 3105000 | &nbsp;&nbsp; 3143154 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 10/01/26 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125174 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 10/01/28  | &nbsp;&nbsp; 2150000 | &nbsp;&nbsp; 2279921 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 10/01/29 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 158914 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 590000 | &nbsp;&nbsp; 624358 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1001389 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 3.63% | 10/01/47 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 265716 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 10/01/47 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50069 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 11/01/27  | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 333012 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 11/01/28  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 132782 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 11/01/29  | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 470679 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 770000 | &nbsp;&nbsp; 833061 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 04/01/31 *(a)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 855745 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21171 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 04/01/32 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 533874 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 232526 |

---

**176**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 04/01/33 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 271546 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 3.00% | 10/01/33 *(a)* | &nbsp;&nbsp; 1140000 | &nbsp;&nbsp; 1125828 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 4.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 1540000 | &nbsp;&nbsp; 1520258 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 179844 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 11/01/27  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36423 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 11/01/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108202 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1093881 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 03/01/34 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107892 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 119563 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 03/01/35 *(a)(b)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10919 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 03/01/35 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2154024 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 139764 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 03/01/36 *(a)(b)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21096 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 3845000 | &nbsp;&nbsp; 3949775 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 03/01/36 *(a)(b)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21837 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 262854 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27033 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 3.00% | 03/01/46 *(a)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 291596 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 03/01/46 *(a)* | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1122778 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 2.50% | 03/01/50 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 58890 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 5.00% | 10/01/29  | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 102641 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 5.00% | 10/01/30  | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 439456 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 5.00% | 12/01/32 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150659 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 4.00% | 10/01/33 *(a)* | &nbsp;&nbsp; 620000 | &nbsp;&nbsp; 650127 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 5.00% | 12/01/34 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3269930 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 4.00% | 10/01/35 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259676 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 5.00% | 12/01/35 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 228294 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 4.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10313 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 2.38% | 12/01/43 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 22070 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 3.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 54903 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 2.50% | 12/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 66067 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 2.38% | 10/01/51 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 15560 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 04/01/27  | &nbsp;&nbsp; 485000 | &nbsp;&nbsp; 497618 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 04/01/28  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 78820 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 04/01/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272479 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 09/01/31  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 94659 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 04/01/32  | &nbsp;&nbsp; 575000 | &nbsp;&nbsp; 645555 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 04/01/33 *(a)* | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 513855 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 09/01/33 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1122118 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 09/01/34 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 44686 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 1420000 | &nbsp;&nbsp; 1566670 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 04/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104272 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.25% | 09/01/47 *(a)* | &nbsp;&nbsp; 6330000 | &nbsp;&nbsp; 6712128 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 04/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 240806 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 10/01/30  | &nbsp;&nbsp; 1420000 | &nbsp;&nbsp; 1560068 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 10/01/31  | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 301046 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 10/01/33 *(a)* | &nbsp;&nbsp; 1235000 | &nbsp;&nbsp; 1397599 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 10/01/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 223652 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 279394 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 09/01/38 *(a)* | &nbsp;&nbsp; 3150000 | &nbsp;&nbsp; 3478409 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 371454 |

---

**177**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 10/01/45 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 159401 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 10/01/45 *(a)* | &nbsp;&nbsp; 1070000 | &nbsp;&nbsp; 1154630 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 10/01/50 *(a)* | &nbsp;&nbsp; 865000 | &nbsp;&nbsp; 826285 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 10/01/50 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 179492 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 09/01/53 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1266066 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252185 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 09/01/27  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40906 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/28  | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 174351 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 09/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109720 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 09/01/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112797 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/33  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 284579 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 09/01/34  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 344807 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 260117 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 09/01/39 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55175 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5488290 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.25% | 08/01/44 *(a)* | &nbsp;&nbsp; 1880000 | &nbsp;&nbsp; 2071708 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 09/01/44 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 431701 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 09/01/44 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 259021 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 09/01/48 *(a)* | &nbsp;&nbsp; 660000 | &nbsp;&nbsp; 692958 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 2900000 | &nbsp;&nbsp; 2792301 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104981 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 08/01/54 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 934490 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.50% | 08/01/54 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 431645 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/28  | &nbsp;&nbsp; 1535000 | &nbsp;&nbsp; 1610022 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 08/01/33  | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 853737 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 11/01/43 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1639751 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/44 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1087678 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1050370 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 11/01/52 *(a)* | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3653959 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/55 *(a)* | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp; 1407273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2007  | 5.25% | 08/01/32  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 336664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2014  | 4.00% | 11/01/44 *(a)* | &nbsp;&nbsp; 670000 | &nbsp;&nbsp; 661366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2015  | 5.00% | 03/01/27 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2015  | 3.50% | 08/01/35 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 397188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2015 C  | 3.00% | 09/01/29 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 54989 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 09/01/26  | &nbsp;&nbsp; 740000 | &nbsp;&nbsp; 748092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 08/01/27 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 176435 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 09/01/28 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 505132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 09/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 2.50% | 09/01/32 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 23526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 3.00% | 09/01/32 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 490914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 09/01/32 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 09/01/32 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 3.00% | 09/01/33 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 150862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 09/01/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200508 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 09/01/34 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70150 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 45402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 400578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20159 |

---

**178**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 08/01/26  | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 423670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 11/01/26  | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 375653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 08/01/27 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201692 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 11/01/27  | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 333012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25977 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 80643 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 11/01/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 08/01/30 *(a)* | &nbsp;&nbsp; 5015000 | &nbsp;&nbsp; 5169835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 08/01/30 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 288645 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 11/01/30 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 4.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 4.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 91178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 4.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 751280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 128174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 4.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 166773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 4.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018  | 5.00% | 08/01/26  | &nbsp;&nbsp; 3670000 | &nbsp;&nbsp; 3702071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018  | 5.00% | 08/01/27  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018  | 5.00% | 08/01/28  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp; 540000 | &nbsp;&nbsp; 570145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018  | 5.00% | 10/01/29 *(a)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 435604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018  | 5.00% | 08/01/30 *(a)* | &nbsp;&nbsp; 1950000 | &nbsp;&nbsp; 2056777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/26  | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 270000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 10/01/26  | &nbsp;&nbsp; 865000 | &nbsp;&nbsp; 876360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 10/01/27  | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 72703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/28  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 131366 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 10/01/28  | &nbsp;&nbsp; 625000 | &nbsp;&nbsp; 662768 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/29  | &nbsp;&nbsp; 830000 | &nbsp;&nbsp; 888469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/29  | &nbsp;&nbsp; 1095000 | &nbsp;&nbsp; 1172137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 10/01/29  | &nbsp;&nbsp; 655000 | &nbsp;&nbsp; 707680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/31  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/31 *(a)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 395782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 10/01/31 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 334694 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/32 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 160162 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/32  | &nbsp;&nbsp; 3075000 | &nbsp;&nbsp; 3452315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 3.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 174991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 4.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 4880000 | &nbsp;&nbsp; 5025010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 3.13% | 04/01/35 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 73399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/35 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1059557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/36 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 211266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 3.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 654700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 99606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 04/01/37 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 200226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 3.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 448944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 11/01/39 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5208048 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 5.00% | 11/01/27  | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1144727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 5.00% | 11/01/28  | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 350544 |

---

**179**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 5.00% | 11/01/29  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 64921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 5.00% | 11/01/29  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 281325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 5.00% | 11/01/30  | &nbsp;&nbsp; 1070000 | &nbsp;&nbsp; 1177018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 76572 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 4.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 2310000 | &nbsp;&nbsp; 2363911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 4.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 4.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 81637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 3.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 4.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 12/01/26  | &nbsp;&nbsp; 1620000 | &nbsp;&nbsp; 1648223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 09/01/27  | &nbsp;&nbsp; 1675000 | &nbsp;&nbsp; 1736153 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 10/01/27  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 155791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 12/01/27  | &nbsp;&nbsp; 605000 | &nbsp;&nbsp; 630842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 10/01/28  | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2651071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 12/01/28  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 10/01/29  | &nbsp;&nbsp; 2065000 | &nbsp;&nbsp; 2231082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 12/01/29  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 216722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 09/01/30  | &nbsp;&nbsp; 1165000 | &nbsp;&nbsp; 1278238 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 12/01/31  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 09/01/32 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 99854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 65237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 377259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 4.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 256581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1071462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 4.00% | 09/01/26  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 4.00% | 09/01/27  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 4.00% | 11/01/29  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1048013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 11/01/30  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 11/01/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 11/01/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 04/01/35 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276512 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 04/01/35 *(a)* | &nbsp;&nbsp; 1810000 | &nbsp;&nbsp; 1901815 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 04/01/37 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 4.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 305307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 09/01/42 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 167000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 A  | 5.00% | 11/01/26  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 C  | 5.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 367990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 C  | 5.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 528810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 09/01/26  | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 1061481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 09/01/27  | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 233215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 09/01/27  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 155476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 10/01/27  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 09/01/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 09/01/29  | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 188786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 10/01/29  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 216085 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 1166679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 10/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 10/01/42 *(a)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 438877 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 4.00% | 09/01/43 *(a)* | &nbsp;&nbsp; 1745000 | &nbsp;&nbsp; 1733790 |

---

**180**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 09/01/43 *(a)* | &nbsp;&nbsp; 655000 | &nbsp;&nbsp; 708817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 B  | 5.00% | 09/01/31  | &nbsp;&nbsp; 5200000 | &nbsp;&nbsp; 5790890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 B  | 5.00% | 09/01/32  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1127965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/27  | &nbsp;&nbsp; 1010000 | &nbsp;&nbsp; 1044754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/27  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/29  | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 290822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/29  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 538560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/30  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 219151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/31  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 44491 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 278069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/32  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 67616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/32  | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3380777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 09/01/32  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 563983 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/33  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 51224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 09/01/33  | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 2392325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 113943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2246111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 09/01/37 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 284862 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/39 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 09/01/43 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 543469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 08/01/26  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 504369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 03/01/27  | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 363470 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 08/01/27  | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1189571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 03/01/28  | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5244371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 08/01/31  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 339244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 03/01/32  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1121429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 03/01/33  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 283445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 08/01/33  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 569158 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 03/01/35  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 287911 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2267595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 4.13% | 03/01/45 *(a)* | &nbsp;&nbsp; 3600000 | &nbsp;&nbsp; 3580780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 03/01/45 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 376951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1079964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2026  | 4.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 4500000 | &nbsp;&nbsp; 4550956 |
| **State of California Department of Water Resources** | **State of California Department of Water Resources** | **State of California Department of Water Resources** | **State of California Department of Water Resources** | **State of California Department of Water Resources** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 BA  | 5.00% | 12/01/34 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 58929 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 BG  | 5.00% | 12/01/33  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 175295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 AW  | 5.00% | 12/01/28 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 AW  | 5.00% | 12/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 AW  | 4.00% | 12/01/35 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 AX  | 5.00% | 12/01/27  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 162322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BB  | 5.00% | 12/01/26  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BB  | 5.00% | 12/01/27  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 214684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BB  | 5.00% | 12/01/29  | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 389902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BB  | 5.00% | 12/01/32 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 222350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BB  | 5.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 49794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BB  | 5.00% | 12/01/34 *(a)* | &nbsp;&nbsp; 7000000 | &nbsp;&nbsp; 7685380 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BB  | 5.00% | 12/01/35 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 82207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 BF  | 5.00% | 12/01/31  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 85507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 BF  | 5.00% | 12/01/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 115590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 BF  | 5.00% | 12/01/34 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 79764 |

---

**181**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Stockton Unified School District** | **Stockton Unified School District** | **Stockton Unified School District** | **Stockton Unified School District** | **Stockton Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/49 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262887 |
| **Sunnyvale Financing Authority** | **Sunnyvale Financing Authority** | **Sunnyvale Financing Authority** | **Sunnyvale Financing Authority** | **Sunnyvale Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 4.00% | 04/01/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 230162 |
| **Sweetwater Union High School District** | **Sweetwater Union High School District** | **Sweetwater Union High School District** | **Sweetwater Union High School District** | **Sweetwater Union High School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 08/01/52 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 383569 |
| **Twin Rivers Unified School District** | **Twin Rivers Unified School District** | **Twin Rivers Unified School District** | **Twin Rivers Unified School District** | **Twin Rivers Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.56% | 08/01/41 *(a)(c)(d)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 190265 |
| **Union Sanitary District Financing Authority** | **Union Sanitary District Financing Authority** | **Union Sanitary District Financing Authority** | **Union Sanitary District Financing Authority** | **Union Sanitary District Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Union Sanitary District Series 2025 A  | 5.00% | 03/15/30 *(a)* | &nbsp;&nbsp; 910000 | &nbsp;&nbsp; 1002841 |
| **University of California** | **University of California** | **University of California** | **University of California** | **University of California** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 K  | 5.00% | 05/15/35 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10031 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 K  | 4.00% | 05/15/36 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 300567 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 K  | 4.00% | 05/15/46 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40076 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 K  | 4.00% | 05/15/46 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 9384 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 AV  | 5.25% | 05/15/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153064 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 M  | 5.00% | 05/15/32 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153921 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 M  | 5.00% | 05/15/35 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 92093 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 M  | 5.00% | 05/15/42 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 167848 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 M  | 4.00% | 05/15/47 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 46317 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 BK  | 5.00% | 05/15/32  | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3372768 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 BK  | 5.00% | 05/15/52 *(a)* | &nbsp;&nbsp; 1730000 | &nbsp;&nbsp; 1782368 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 BQ  | 5.00% | 05/15/29  | &nbsp;&nbsp; 5040000 | &nbsp;&nbsp; 5418403 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 BQ  | 5.00% | 05/15/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55542 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 BQ  | 5.00% | 05/15/33  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 124964 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 BT  | 5.00% | 05/15/26 *(b)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85263 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 BX  | 5.00% | 05/15/31  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 94422 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.25% | 05/15/40  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1182752 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CA  | 5.00% | 05/15/36 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 51306 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CA  | 5.00% | 05/15/39 *(a)* | &nbsp;&nbsp; 2135000 | &nbsp;&nbsp; 2381647 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CB  | 5.00% | 05/15/37 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 135864 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CB  | 5.00% | 05/15/40 *(a)* | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3886998 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CC  | 5.00% | 05/15/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 281312 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CC  | 5.00% | 05/15/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 278881 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CC  | 5.00% | 05/15/45 *(a)* | &nbsp;&nbsp; 1550000 | &nbsp;&nbsp; 1666711 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CC  | 5.00% | 05/15/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520326 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CD  | 5.00% | 05/15/30  | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1639322 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CD  | 5.00% | 05/15/34  | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1373319 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 CD  | 5.50% | 05/15/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1164938 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 AY  | 5.00% | 05/15/26  | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 802547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 AY  | 5.00% | 05/15/27  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 AY  | 5.00% | 05/15/30 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 128422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 AY  | 5.00% | 05/15/31 *(a)* | &nbsp;&nbsp; 810000 | &nbsp;&nbsp; 831707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 AY  | 5.00% | 05/15/32 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 225800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 AY  | 5.00% | 05/15/36 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 AZ  | 5.00% | 05/15/33 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 AZ  | 5.00% | 05/15/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 208855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 AZ  | 5.00% | 05/15/35 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 145928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 AZ  | 5.00% | 05/15/37 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 AZ  | 5.00% | 05/15/43 *(a)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 381920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 AZ  | 4.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1848808 |

---

**182**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 AZ  | 5.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1021539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 O  | 4.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 142815 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 O  | 5.00% | 05/15/58 *(a)* | &nbsp;&nbsp; 745000 | &nbsp;&nbsp; 754510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BE  | 5.00% | 05/15/34 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 43105 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BE  | 5.00% | 05/15/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BE  | 4.00% | 05/15/47 *(a)* | &nbsp;&nbsp; 4250000 | &nbsp;&nbsp; 4064116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 BE  | 4.00% | 05/15/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 928292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 BH  | 4.00% | 05/15/46 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24238 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 BH  | 4.00% | 05/15/51 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 161305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 Q  | 5.00% | 05/15/34 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 366516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 Q  | 4.00% | 05/15/51 *(a)* | &nbsp;&nbsp; 465000 | &nbsp;&nbsp; 424933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 BM  | 5.00% | 05/15/32  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 BN  | 5.00% | 05/15/26  | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 65207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 BN  | 5.00% | 05/15/28  | &nbsp;&nbsp; 660000 | &nbsp;&nbsp; 695092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 BN  | 5.00% | 05/15/33  | &nbsp;&nbsp; 1325000 | &nbsp;&nbsp; 1505252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 BN  | 5.00% | 05/15/37 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 376208 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 BN  | 5.00% | 05/15/43 *(a)* | &nbsp;&nbsp; 1560000 | &nbsp;&nbsp; 1677645 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BS  | 5.00% | 05/15/28  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 78988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BS  | 5.00% | 05/15/29  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37628 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BS  | 5.00% | 05/15/32  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 61834 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BS  | 5.00% | 05/15/34  | &nbsp;&nbsp; 1115000 | &nbsp;&nbsp; 1276042 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BS  | 5.00% | 05/15/37 *(a)* | &nbsp;&nbsp; 2400000 | &nbsp;&nbsp; 2686935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BS  | 5.00% | 05/15/39 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 259574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BS  | 5.00% | 05/15/43 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 70492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BV  | 5.00% | 05/15/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 227157 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BV  | 5.00% | 05/15/40 *(a)* | &nbsp;&nbsp; 495000 | &nbsp;&nbsp; 544556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BV  | 5.00% | 05/15/41 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 219229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BV  | 5.00% | 05/15/45 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 186953 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BW  | 5.00% | 05/15/29  | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 16126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BW  | 5.00% | 05/15/31  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 11108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BW  | 5.00% | 05/15/33  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 142005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BW  | 5.00% | 05/15/35 *(a)* | &nbsp;&nbsp; 4460000 | &nbsp;&nbsp; 5065599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 BW  | 5.00% | 05/15/54 *(a)* | &nbsp;&nbsp; 1960000 | &nbsp;&nbsp; 2030442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 BZ  | 5.00% | 05/15/26  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 BZ  | 5.00% | 05/15/27  | &nbsp;&nbsp; 1010000 | &nbsp;&nbsp; 1038929 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 BZ  | 5.00% | 05/15/28  | &nbsp;&nbsp; 2040000 | &nbsp;&nbsp; 2148466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 BZ  | 5.00% | 05/15/29  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268770 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 BZ  | 5.00% | 05/15/30  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 BZ  | 5.00% | 05/15/34  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 286108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 BZ  | 5.00% | 05/15/38 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3375740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 BZ  | 5.25% | 05/15/40 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 294204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 CE  | 5.00% | 11/15/35  | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5762148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 CF  | 5.25% | 11/15/41 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1708008 |
| **Ventura County Community College District** | **Ventura County Community College District** | **Ventura County Community College District** | **Ventura County Community College District** | **Ventura County Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2015  | 3.13% | 08/01/31 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200006 |
| **Washington Township Health Care District** | **Washington Township Health Care District** | **Washington Township Health Care District** | **Washington Township Health Care District** | **Washington Township Health Care District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015 B  | 4.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 48173 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.25% | 08/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269280 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.50% | 08/01/53 *(a)* | &nbsp;&nbsp; 900000 | &nbsp;&nbsp; 961009 |
| **West Contra Costa Unified School District** | **West Contra Costa Unified School District** | **West Contra Costa Unified School District** | **West Contra Costa Unified School District** | **West Contra Costa Unified School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 08/01/54 *(a)(c)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 387077 |

---

**183**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **William S Hart Union High School District** | **William S Hart Union High School District** | **William S Hart Union High School District** | **William S Hart Union High School District** | **William S Hart Union High School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2013 C  | 3.50% | 08/01/38 *(a)* | &nbsp;&nbsp; 755000 | &nbsp;&nbsp; 732101 |
|  |  |  |  | &nbsp;&nbsp; **646791486** |
| **COLORADO** 1.1%  | **COLORADO** 1.1%  | **COLORADO** 1.1%  | **COLORADO** 1.1%  | **COLORADO** 1.1%  |
| **Adams & Arapahoe Counties Joint School District 28J Aurora** | **Adams & Arapahoe Counties Joint School District 28J Aurora** | **Adams & Arapahoe Counties Joint School District 28J Aurora** | **Adams & Arapahoe Counties Joint School District 28J Aurora** | **Adams & Arapahoe Counties Joint School District 28J Aurora** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 12/01/29 *(c)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 70458 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.50% | 12/01/26 *(c)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2040743 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.50% | 12/01/37 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1179898 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 12/01/31 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50822 |
| **Adams & Weld Counties School District No. 27J Brighton** | **Adams & Weld Counties School District No. 27J Brighton** | **Adams & Weld Counties School District No. 27J Brighton** | **Adams & Weld Counties School District No. 27J Brighton** | **Adams & Weld Counties School District No. 27J Brighton** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015  | 5.00% | 12/01/40 *(a)(c)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25029 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 12/01/47 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 78617 |
| **Adams 12 Five Star Schools** | **Adams 12 Five Star Schools** | **Adams 12 Five Star Schools** | **Adams 12 Five Star Schools** | **Adams 12 Five Star Schools** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 12/15/26 *(c)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 96662 |
| **Adams County School District No. 1** | **Adams County School District No. 1** | **Adams County School District No. 1** | **Adams County School District No. 1** | **Adams County School District No. 1** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 5.25% | 12/01/40 *(a)(c)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20223 |
| **Arapahoe County School District No. 5 Cherry Creek** | **Arapahoe County School District No. 5 Cherry Creek** | **Arapahoe County School District No. 5 Cherry Creek** | **Arapahoe County School District No. 5 Cherry Creek** | **Arapahoe County School District No. 5 Cherry Creek** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.25% | 12/15/44 *(a)(c)* | &nbsp;&nbsp; 2400000 | &nbsp;&nbsp; 2642819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 12/15/27 *(c)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 291845 |
| **Board of Governors of Colorado State University System** | **Board of Governors of Colorado State University System** | **Board of Governors of Colorado State University System** | **Board of Governors of Colorado State University System** | **Board of Governors of Colorado State University System** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2013 A  | 5.00% | 03/01/43 *(a)(c)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 197603 |
| **Board of Water Commissioners City & County of Denver** | **Board of Water Commissioners City & County of Denver** | **Board of Water Commissioners City & County of Denver** | **Board of Water Commissioners City & County of Denver** | **Board of Water Commissioners City & County of Denver** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 2.13% | 12/15/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 153824 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 09/15/55 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2064043 |
| **Boulder Larimer & Weld Counties St. Vrain Valley School District Re1J** | **Boulder Larimer & Weld Counties St. Vrain Valley School District Re1J** | **Boulder Larimer & Weld Counties St. Vrain Valley School District Re1J** | **Boulder Larimer & Weld Counties St. Vrain Valley School District Re1J** | **Boulder Larimer & Weld Counties St. Vrain Valley School District Re1J** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 12/15/26 *(c)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 305419 |
| **City & County of Denver** | **City & County of Denver** | **City & County of Denver** | **City & County of Denver** | **City & County of Denver** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2018 A  | 5.38% | 06/01/43 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 B  | 5.00% | 08/01/27  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 134421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 B  | 5.00% | 08/01/28  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 B  | 5.00% | 08/01/29  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 86276 |
| **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** | **City & County of Denver Airport System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2012 B  | 4.00% | 11/15/43 *(a)* | &nbsp;&nbsp; 1770000 | &nbsp;&nbsp; 1738814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 11/15/28  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 132593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 11/15/29  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 162089 |
| **City & County of Denver Pledged Excise Tax Revenue** | **City & County of Denver Pledged Excise Tax Revenue** | **City & County of Denver Pledged Excise Tax Revenue** | **City & County of Denver Pledged Excise Tax Revenue** | **City & County of Denver Pledged Excise Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 08/01/51 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 891958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 1455000 | &nbsp;&nbsp; 1361945 |
| **City of Aurora Water Revenue** | **City of Aurora Water Revenue** | **City of Aurora Water Revenue** | **City of Aurora Water Revenue** | **City of Aurora Water Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016  | 5.00% | 08/01/41 *(a)(b)* | &nbsp;&nbsp; 720000 | &nbsp;&nbsp; 725856 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 4.00% | 08/01/54 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88576 |
| **City of Colorado Springs Utilities System Revenue** | **City of Colorado Springs Utilities System Revenue** | **City of Colorado Springs Utilities System Revenue** | **City of Colorado Springs Utilities System Revenue** | **City of Colorado Springs Utilities System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B  | 4.00% | 11/15/51 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 443601 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.00% | 11/15/47 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 208066 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.25% | 11/15/52 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 674465 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 11/15/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 158905 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 11/15/54 *(a)* | &nbsp;&nbsp; 975000 | &nbsp;&nbsp; 1017927 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 11/15/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1059827 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 11/15/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 525066 |

---

**184**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 11/15/50 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 267254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 11/15/30  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 99141 |
| **City of Westminster Water & Wastewater Utility Revenue** | **City of Westminster Water & Wastewater Utility Revenue** | **City of Westminster Water & Wastewater Utility Revenue** | **City of Westminster Water & Wastewater Utility Revenue** | **City of Westminster Water & Wastewater Utility Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 12/01/54 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102936 |
| **Colorado Bridge & Tunnel Enterprise** | **Colorado Bridge & Tunnel Enterprise** | **Colorado Bridge & Tunnel Enterprise** | **Colorado Bridge & Tunnel Enterprise** | **Colorado Bridge & Tunnel Enterprise** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.50% | 12/01/54 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264547 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 12/01/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 524455 |
| **Colorado High Performance Transportation Enterprise** | **Colorado High Performance Transportation Enterprise** | **Colorado High Performance Transportation Enterprise** | **Colorado High Performance Transportation Enterprise** | **Colorado High Performance Transportation Enterprise** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB C-470 Express Lanes System Series 2017  | 5.00% | 12/31/56 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 313063 |
| **Colorado School of Mines** | **Colorado School of Mines** | **Colorado School of Mines** | **Colorado School of Mines** | **Colorado School of Mines** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 12/01/54 *(a)(c)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 296324 |
| **Denver City & County School District No. 1** | **Denver City & County School District No. 1** | **Denver City & County School District No. 1** | **Denver City & County School District No. 1** | **Denver City & County School District No. 1** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 5.00% | 12/01/37 *(a)(c)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 96183 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 4.00% | 12/01/41 *(a)(c)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10002 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 5.00% | 12/01/32 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 547013 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 12/01/41 *(a)(c)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 124367 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 12/01/45 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 211463 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 12/01/34 *(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 288467 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.25% | 12/01/37 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1147009 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.25% | 12/01/38 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 285069 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.25% | 12/01/40 *(a)(c)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 327076 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.25% | 12/01/42 *(a)(c)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 258333 |
| **Denver Convention Center Hotel Authority** | **Denver Convention Center Hotel Authority** | **Denver Convention Center Hotel Authority** | **Denver Convention Center Hotel Authority** | **Denver Convention Center Hotel Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 5.00% | 12/01/40 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 244700 |
| **E-470 Public Highway Authority** | **E-470 Public Highway Authority** | **E-470 Public Highway Authority** | **E-470 Public Highway Authority** | **E-470 Public Highway Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1997 B  | 3.53% | 09/01/26 *(c)(d)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 49480 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2000 B  | 3.09% | 09/01/30 *(c)(d)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 281633 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2004 A  | 2.52% | 09/01/27 *(c)(d)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1445232 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2004 A  | 3.54% | 09/01/28 *(c)(d)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 107712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 09/01/26  | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 328390 |
| **El Paso County School District No. 20 Academy** | **El Paso County School District No. 20 Academy** | **El Paso County School District No. 20 Academy** | **El Paso County School District No. 20 Academy** | **El Paso County School District No. 20 Academy** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 4.00% | 12/15/40 *(a)(c)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 43855 |
| **Jefferson County School District R-1** | **Jefferson County School District R-1** | **Jefferson County School District R-1** | **Jefferson County School District R-1** | **Jefferson County School District R-1** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 12/15/34 *(a)(c)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 152194 |
| **Metropolitan State University of Denver** | **Metropolitan State University of Denver** | **Metropolitan State University of Denver** | **Metropolitan State University of Denver** | **Metropolitan State University of Denver** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 12/01/55 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254238 |
| **Regional Transportation District Sales Tax Revenue** | **Regional Transportation District Sales Tax Revenue** | **Regional Transportation District Sales Tax Revenue** | **Regional Transportation District Sales Tax Revenue** | **Regional Transportation District Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 11/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2013 A  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 620000 | &nbsp;&nbsp; 657957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2013 A  | 5.00% | 11/01/29  | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 416441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2013 A  | 4.25% | 11/01/36 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1900167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 543309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 11/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 11/01/29  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 167658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 2.00% | 11/01/41 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 40914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 11/01/27  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 11/01/31  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 117094 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 60730 |
| **State of Colorado** | **State of Colorado** | **State of Colorado** | **State of Colorado** | **State of Colorado** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2017 J  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255022 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2017 J  | 4.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 469567 |

---

**185**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2018 A  | 5.00% | 12/15/29 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31819 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2018 A  | 5.00% | 12/15/32 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 210197 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2018 A  | 4.00% | 12/15/36 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1006721 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2018 N  | 5.00% | 03/15/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102837 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2018 N  | 4.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 246380 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2019 O  | 4.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 533111 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 5.00% | 12/15/30  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54915 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 5.00% | 12/15/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108581 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 5.00% | 12/15/33 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37825 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 4.00% | 12/15/35 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153870 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 3.00% | 12/15/36 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 274002 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 4.00% | 12/15/38 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15160 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 4.00% | 12/15/39 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 191353 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2021 A  | 5.00% | 12/15/33 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 148013 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2021 A  | 5.00% | 12/15/34 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 92526 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2021 A  | 4.00% | 12/15/38 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40507 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2021 A  | 4.00% | 12/15/39 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25212 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2021 A  | 4.00% | 12/15/40 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150366 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022  | 6.00% | 12/15/38 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 340188 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022  | 6.00% | 12/15/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1142564 |
| **University of Colorado** | **University of Colorado** | **University of Colorado** | **University of Colorado** | **University of Colorado** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A2  | 4.00% | 06/01/43 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 97589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/28  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2118860 |
| **Weld County School District No. 6 Greeley** | **Weld County School District No. 6 Greeley** | **Weld County School District No. 6 Greeley** | **Weld County School District No. 6 Greeley** | **Weld County School District No. 6 Greeley** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 4.00% | 12/01/45 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 193384 |
| **Weld County School District No. RE-2 Eaton** | **Weld County School District No. RE-2 Eaton** | **Weld County School District No. RE-2 Eaton** | **Weld County School District No. RE-2 Eaton** | **Weld County School District No. RE-2 Eaton** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 12/01/44 *(a)(c)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 227164 |
| **Weld County School District No. RE-4** | **Weld County School District No. RE-4** | **Weld County School District No. RE-4** | **Weld County School District No. RE-4** | **Weld County School District No. RE-4** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 12/01/47 *(a)(c)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 553113 |
| **Westminster Public Schools** | **Westminster Public Schools** | **Westminster Public Schools** | **Westminster Public Schools** | **Westminster Public Schools** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 12/01/49 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259741 |
|  |  |  |  | &nbsp;&nbsp; **40154245** |
| **CONNECTICUT** 2.1%  | **CONNECTICUT** 2.1%  | **CONNECTICUT** 2.1%  | **CONNECTICUT** 2.1%  | **CONNECTICUT** 2.1%  |
| **City of New Haven** | **City of New Haven** | **City of New Haven** | **City of New Haven** | **City of New Haven** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 08/01/31  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109665 |
| **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** | **Connecticut State Health & Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Yale University Series 1997 S  | 5.00% | 07/01/27  | &nbsp;&nbsp; 1025000 | &nbsp;&nbsp; 1057476 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Yale University Series 1999 U  | 5.00% | 07/01/33  | &nbsp;&nbsp; 2065000 | &nbsp;&nbsp; 2348782 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Yale University Series 2001 V  | 5.00% | 07/01/36  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 575349 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Yale University Series 2003 X-2  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 454254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fairfield University Series 2017 R  | 4.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 243570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Quinnipiac University Series 2015 L  | 4.13% | 07/01/41 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 344849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sacred Heart University, Inc. Series 2017 I-1  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101080 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Yale University Series 2017 B1  | 5.00% | 07/01/29  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 80611 |
| **State of Connecticut** | **State of Connecticut** | **State of Connecticut** | **State of Connecticut** | **State of Connecticut** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 120137 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 4.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50005 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 E  | 3.00% | 10/15/32 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 197074 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 E  | 4.00% | 10/15/35 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35063 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 04/15/27  | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 292397 |

---

**186**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 04/15/33 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51084 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 C  | 5.00% | 06/15/28  | &nbsp;&nbsp; 765000 | &nbsp;&nbsp; 806310 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 04/15/28  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 94519 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 04/15/30 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 32071 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 04/15/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106454 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 04/15/33 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 291958 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 04/15/34 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105806 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 04/15/35 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 137082 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 04/15/36 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 99811 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 4.00% | 04/15/38 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151088 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 04/15/39 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 67707 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 01/15/27  | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 183558 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 01/15/28  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31302 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 01/15/31 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 135358 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 4.00% | 01/15/34 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103141 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 4.00% | 01/15/35 *(a)* | &nbsp;&nbsp; 5680000 | &nbsp;&nbsp; 5831880 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 2021-A  | 3.00% | 01/15/37 *(a)* | &nbsp;&nbsp; 1045000 | &nbsp;&nbsp; 959454 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 01/15/29  | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 72607 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 01/15/30  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 120293 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 01/15/31  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31555 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 3.00% | 01/15/35 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 118825 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 2.00% | 01/15/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 70731 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 4.00% | 01/15/29  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 129655 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 4.00% | 01/15/34 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 272113 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 4.00% | 01/15/36 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 113492 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 3.00% | 01/15/41 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 21722 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 3.00% | 01/15/42 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 248047 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 E  | 5.00% | 11/15/27  | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 369255 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 E  | 5.00% | 11/15/29  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27069 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 E  | 5.00% | 11/15/33 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 56223 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 F  | 5.00% | 11/15/41 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 242135 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/15/30  | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5429632 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/15/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275846 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/15/35 *(a)* | &nbsp;&nbsp; 1165000 | &nbsp;&nbsp; 1318493 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/15/36 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 100896 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 01/15/40 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 164235 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 F  | 5.00% | 11/15/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108276 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 F  | 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 1685000 | &nbsp;&nbsp; 1895986 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 G  | 5.00% | 11/15/40 *(a)* | &nbsp;&nbsp; 1365000 | &nbsp;&nbsp; 1499043 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 2105000 | &nbsp;&nbsp; 2389705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 05/15/27 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 501503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 D  | 5.00% | 09/15/26  | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 146648 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 D  | 5.00% | 09/15/27  | &nbsp;&nbsp; 1085000 | &nbsp;&nbsp; 1123619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 D  | 5.00% | 09/15/28  | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 604011 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 G  | 5.00% | 11/15/27  | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 249637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 G  | 5.00% | 11/15/32  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 209124 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 B  | 5.00% | 08/01/26  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25208 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 B  | 5.00% | 08/01/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 12/01/27  | &nbsp;&nbsp; 950000 | &nbsp;&nbsp; 988358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 12/01/31  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 558786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 12/01/32  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2261859 |

---

**187**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 D  | 5.00% | 08/15/26  | &nbsp;&nbsp; 2185000 | &nbsp;&nbsp; 2205267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 D  | 5.00% | 08/15/27  | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 413441 |
| **State of Connecticut Clean Water Fund-State Revolving Fund** | **State of Connecticut Clean Water Fund-State Revolving Fund** | **State of Connecticut Clean Water Fund-State Revolving Fund** | **State of Connecticut Clean Water Fund-State Revolving Fund** | **State of Connecticut Clean Water Fund-State Revolving Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 117025 |
| **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** | **State of Connecticut Special Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 09/01/26  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50530 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 09/01/27 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 307975 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 09/01/33 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 312522 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 4.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 680000 | &nbsp;&nbsp; 680969 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 01/01/31 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77912 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 01/01/32 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 726333 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 01/01/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 206622 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103182 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2061011 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 10/01/27  | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 238604 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 10/01/28  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31820 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 10/01/29 *(a)* | &nbsp;&nbsp; 780000 | &nbsp;&nbsp; 825380 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 10/01/31 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 526828 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261787 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1043051 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 05/01/26  | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 325686 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 05/01/27  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256811 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 05/01/28  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 210245 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 05/01/31 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 293448 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 05/01/32 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 379586 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 430000 | &nbsp;&nbsp; 463490 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 4.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 582397 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105122 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/01/29  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 171539 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/01/30  | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 288895 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/01/31  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 66401 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/01/33 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 263299 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 491678 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/01/35 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 233949 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 97530 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 259970 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/01/41 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265017 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 D  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 60689 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 D  | 5.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274645 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 D  | 4.00% | 11/01/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251224 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 D  | 4.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 994329 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25159 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/27 *(b)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36030 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15470 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/28 *(b)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 152488 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 58026 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/29 *(b)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 96471 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37641 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/30 *(b)* | &nbsp;&nbsp; 735000 | &nbsp;&nbsp; 800915 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 289656 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/32 *(b)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 134302 |

---

**188**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 673333 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27824 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 137932 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 87241 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268865 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273260 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/32 *(b)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 67151 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 50500 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 832161 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 07/01/41 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 376356 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 07/01/43 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 268269 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.00% | 07/01/26  | &nbsp;&nbsp; 775000 | &nbsp;&nbsp; 779919 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.00% | 07/01/27  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 314549 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.00% | 07/01/28  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263753 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.00% | 07/01/29  | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 376410 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-2  | 5.00% | 07/01/32  | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 162722 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-2  | 5.00% | 07/01/33  | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 305972 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-2  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 278384 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-2  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 5.00% | 07/01/27  | &nbsp;&nbsp; 520000 | &nbsp;&nbsp; 536280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 07/01/26  | &nbsp;&nbsp; 2445000 | &nbsp;&nbsp; 2460517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 07/01/28  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 07/01/29  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 07/01/30  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 07/01/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 07/01/27  | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 232044 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 1020000 | &nbsp;&nbsp; 1144666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/34  | &nbsp;&nbsp; 3410000 | &nbsp;&nbsp; 3895570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1133505 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1116939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2212388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1373784 |
|  |  |  |  | &nbsp;&nbsp; **75799304** |
| **DELAWARE** 0.1%  | **DELAWARE** 0.1%  | **DELAWARE** 0.1%  | **DELAWARE** 0.1%  | **DELAWARE** 0.1%  |
| **Delaware River & Bay Authority** | **Delaware River & Bay Authority** | **Delaware River & Bay Authority** | **Delaware River & Bay Authority** | **Delaware River & Bay Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019  | 4.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 97141 |
| **Delaware Transportation Authority** | **Delaware Transportation Authority** | **Delaware Transportation Authority** | **Delaware Transportation Authority** | **Delaware Transportation Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB U.S. 301 Project Revenue Series 2015  | 5.00% | 06/01/55 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 99995 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020  | 5.00% | 07/01/30  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 82105 |
| **State of Delaware** | **State of Delaware** | **State of Delaware** | **State of Delaware** | **State of Delaware** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 01/01/28  | &nbsp;&nbsp; 2025000 | &nbsp;&nbsp; 2111392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 03/01/29  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 133728 |
|  |  |  |  | &nbsp;&nbsp; **2524361** |
| **DISTRICT OF COLUMBIA** 1.8%  | **DISTRICT OF COLUMBIA** 1.8%  | **DISTRICT OF COLUMBIA** 1.8%  | **DISTRICT OF COLUMBIA** 1.8%  | **DISTRICT OF COLUMBIA** 1.8%  |
| **District of Columbia** | **District of Columbia** | **District of Columbia** | **District of Columbia** | **District of Columbia** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015 A  | 4.00% | 06/01/40 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 123147 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 5.00% | 06/01/41 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35140 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 5.00% | 06/01/35 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20413 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/26  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 278694 |

---

**189**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/27  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 166183 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/28  | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 440536 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/29 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26745 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/30 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 165386 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/31 *(a)* | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 446640 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/33 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 158554 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/34 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 253045 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/35 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52554 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/36 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 288256 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 4.00% | 10/15/39 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500459 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 10/15/44 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 247159 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 381798 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 01/01/45 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 210573 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 1126658 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 384610 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 08/01/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273295 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 08/01/33  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 22625 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 333586 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 5.00% | 12/01/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 212430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 4.00% | 06/01/37 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 340699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 06/01/37 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 224026 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 E  | 5.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 346375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 E  | 4.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 B  | 5.00% | 06/01/26  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25104 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 B  | 5.00% | 06/01/28  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 47390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 B  | 5.00% | 06/01/29  | &nbsp;&nbsp; 560000 | &nbsp;&nbsp; 601147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 C  | 5.00% | 12/01/27  | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 291679 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 C  | 5.00% | 12/01/28  | &nbsp;&nbsp; 1450000 | &nbsp;&nbsp; 1543296 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 C  | 5.00% | 12/01/30  | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 417477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2026 B  | 5.00% | 06/01/33  | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1694427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Georgetown University Series 2017  | 5.00% | 04/01/30 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255094 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Georgetown University Series 2017  | 5.00% | 04/01/32 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Georgetown University Series 2017  | 5.00% | 04/01/34 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Georgetown University Series 2017  | 5.00% | 04/01/35 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 71104 |
| **District of Columbia Income Tax Revenue** | **District of Columbia Income Tax Revenue** | **District of Columbia Income Tax Revenue** | **District of Columbia Income Tax Revenue** | **District of Columbia Income Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 03/01/30 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 371065 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 03/01/32 *(a)* | &nbsp;&nbsp; 795000 | &nbsp;&nbsp; 849735 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 03/01/33 *(a)* | &nbsp;&nbsp; 1175000 | &nbsp;&nbsp; 1252144 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 03/01/34 *(a)* | &nbsp;&nbsp; 535000 | &nbsp;&nbsp; 568498 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 03/01/35 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 143005 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 232060 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 03/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1003757 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 03/01/40 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 105225 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 03/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 190153 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 03/01/35 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 272201 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31890 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 158793 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 03/01/39 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 310157 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C  | 5.00% | 05/01/45 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25822 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 319140 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 189391 |

---

**190**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 319521 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268415 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 805000 | &nbsp;&nbsp; 861370 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2592439 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/38 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 333311 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/39 *(a)* | &nbsp;&nbsp; 900000 | &nbsp;&nbsp; 978404 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/41 *(a)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 285731 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 05/01/48 *(a)* | &nbsp;&nbsp; 730000 | &nbsp;&nbsp; 768291 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 C  | 5.00% | 10/01/32  | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 449074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 C  | 5.00% | 10/01/26  | &nbsp;&nbsp; 395000 | &nbsp;&nbsp; 399931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 C  | 5.00% | 10/01/28  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 323507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B  | 5.00% | 10/01/26  | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 182247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B  | 5.00% | 10/01/27  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207542 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B  | 5.00% | 10/01/28  | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 222742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B  | 5.00% | 10/01/30  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 284952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 12/01/27  | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 203134 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 12/01/29  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 12/01/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 12/01/34 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 12/01/36 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 82326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/30  | &nbsp;&nbsp; 660000 | &nbsp;&nbsp; 723341 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/34  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 142552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 566806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 06/01/27  | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 375771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 06/01/28  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 526560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 06/01/33  | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 372774 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 06/01/50 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2077788 |
| **District of Columbia Water & Sewer Authority** | **District of Columbia Water & Sewer Authority** | **District of Columbia Water & Sewer Authority** | **District of Columbia Water & Sewer Authority** | **District of Columbia Water & Sewer Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85435 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101529 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30692 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101529 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 180357 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C-1  | 4.00% | 10/01/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 459072 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 C-2  | 2.70% | 10/01/60 *(a)(c)(f)* | &nbsp;&nbsp; 3180000 | &nbsp;&nbsp; 3180000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014 C  | 4.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 409452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/33  | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3402954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/34  | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 393719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/35 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 283116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 239123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 160103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 A  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1693224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 A  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 464596 |
| **Metropolitan Washington Airports Authority Aviation Revenue** | **Metropolitan Washington Airports Authority Aviation Revenue** | **Metropolitan Washington Airports Authority Aviation Revenue** | **Metropolitan Washington Airports Authority Aviation Revenue** | **Metropolitan Washington Airports Authority Aviation Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009 D-2  | 2.70% | 10/01/39 *(a)(c)(f)* | &nbsp;&nbsp; 3860000 | &nbsp;&nbsp; 3860000 |
| **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** | **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** | **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** | **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** | **Metropolitan Washington Airports Authority Dulles Toll Road Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009  | 3.36% | 10/01/30 *(c)(d)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 68953 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009  | 3.34% | 10/01/31 *(c)(d)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 82922 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009  | 3.15% | 10/01/32 *(c)(d)* | &nbsp;&nbsp; 820000 | &nbsp;&nbsp; 652579 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009  | 3.65% | 10/01/35 *(c)(d)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 34684 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 4.56% | 10/01/37 *(d)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 148100 |

---

**191**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 4.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 535000 | &nbsp;&nbsp; 487847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 5.00% | 10/01/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 503388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 4.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 575000 | &nbsp;&nbsp; 492321 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 3.00% | 10/01/50 *(a)(c)* | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 313212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 4.00% | 10/01/53 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 513754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 4.00% | 10/01/53 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 78514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 4.00% | 10/01/52 *(a)(c)* | &nbsp;&nbsp; 730000 | &nbsp;&nbsp; 627891 |
| **Washington Convention & Sports Authority** | **Washington Convention & Sports Authority** | **Washington Convention & Sports Authority** | **Washington Convention & Sports Authority** | **Washington Convention & Sports Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 10/01/26  | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 288330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56838 |
| **Washington Metropolitan Area Transit Authority** | **Washington Metropolitan Area Transit Authority** | **Washington Metropolitan Area Transit Authority** | **Washington Metropolitan Area Transit Authority** | **Washington Metropolitan Area Transit Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 509387 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 710548 |
| **Washington Metropolitan Area Transit Authority Dedicated Revenue** | **Washington Metropolitan Area Transit Authority Dedicated Revenue** | **Washington Metropolitan Area Transit Authority Dedicated Revenue** | **Washington Metropolitan Area Transit Authority Dedicated Revenue** | **Washington Metropolitan Area Transit Authority Dedicated Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 07/15/37 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26442 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 07/15/39 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 241448 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 07/15/45 *(a)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 394138 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/15/32 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 181298 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/15/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102362 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/15/37 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 144442 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/15/38 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1006152 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/15/39 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25076 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 3.00% | 07/15/40 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 213582 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/15/41 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 525373 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/15/46 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 286788 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/15/44 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 173452 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/15/45 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52278 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 4.13% | 07/15/47 *(a)* | &nbsp;&nbsp; 605000 | &nbsp;&nbsp; 567101 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/15/48 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1028059 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.50% | 07/15/51 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 158699 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 07/15/53 *(a)* | &nbsp;&nbsp; 2275000 | &nbsp;&nbsp; 2356064 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 07/15/54 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203423 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 07/15/56 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 294477 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.38% | 07/15/59 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 923222 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 07/15/59 *(a)* | &nbsp;&nbsp; 645000 | &nbsp;&nbsp; 668571 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 07/15/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262594 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 07/15/60 *(a)* | &nbsp;&nbsp; 1225000 | &nbsp;&nbsp; 1242069 |
|  |  |  |  | &nbsp;&nbsp; **63949279** |
| **FLORIDA** 2.9%  | **FLORIDA** 2.9%  | **FLORIDA** 2.9%  | **FLORIDA** 2.9%  | **FLORIDA** 2.9%  |
| **Central Florida Expressway Authority** | **Central Florida Expressway Authority** | **Central Florida Expressway Authority** | **Central Florida Expressway Authority** | **Central Florida Expressway Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 4.00% | 07/01/33 *(a)(b)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5019257 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 07/01/33 *(a)(b)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50316 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 07/01/34 *(a)(b)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2012643 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 4.00% | 07/01/35 *(a)(b)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 60231 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 821489 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101440 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154652 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 3.13% | 07/01/49 *(a)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 236896 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 118921 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76177 |

---

**192**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 5.00% | 07/01/32 *(a)(b)(c)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 127815 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 5.00% | 07/01/33 *(a)(b)(c)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 94472 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 07/01/34 *(a)(b)(c)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 185992 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 D  | 5.00% | 07/01/33 *(a)(c)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 197931 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 D  | 5.00% | 07/01/35 *(a)(c)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 288475 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 07/01/49 *(a)(c)* | &nbsp;&nbsp; 1320000 | &nbsp;&nbsp; 1373879 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 07/01/54 *(a)(c)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 210707 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 07/01/33  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 283656 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 07/01/34 *(c)* | &nbsp;&nbsp; 645000 | &nbsp;&nbsp; 732812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 3.25% | 07/01/36 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 381139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 07/01/26  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 60335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 130231 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 130087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 499963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 210497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 119294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 485180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021  | 5.00% | 07/01/26 *(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021  | 5.00% | 07/01/28 *(c)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 94789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021  | 4.00% | 07/01/35 *(a)(c)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 282863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021  | 4.00% | 07/01/39 *(a)(c)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35029 |
| **City of Cape Coral Water & Sewer Revenue** | **City of Cape Coral Water & Sewer Revenue** | **City of Cape Coral Water & Sewer Revenue** | **City of Cape Coral Water & Sewer Revenue** | **City of Cape Coral Water & Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding Special Assessment Utility Improvement Assessment North 1 West Area <br> Series 2023 <br>| 5.65% | 03/01/54 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209590 |
| **City of Fort Lauderdale Water & Sewer Revenue** | **City of Fort Lauderdale Water & Sewer Revenue** | **City of Fort Lauderdale Water & Sewer Revenue** | **City of Fort Lauderdale Water & Sewer Revenue** | **City of Fort Lauderdale Water & Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.50% | 09/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270887 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.50% | 09/01/53 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 218752 |
| **City of Fort Myers Utility System Revenue** | **City of Fort Myers Utility System Revenue** | **City of Fort Myers Utility System Revenue** | **City of Fort Myers Utility System Revenue** | **City of Fort Myers Utility System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 4.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 123502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 4.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 134620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 5.25% | 10/01/53 *(a)* | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 488000 |
| **City of Gainesville Utilities System Revenue** | **City of Gainesville Utilities System Revenue** | **City of Gainesville Utilities System Revenue** | **City of Gainesville Utilities System Revenue** | **City of Gainesville Utilities System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 178909 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 4.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24662 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 10/01/47 *(a)* | &nbsp;&nbsp; 535000 | &nbsp;&nbsp; 543852 |
| **City of Jacksonville** | **City of Jacksonville** | **City of Jacksonville** | **City of Jacksonville** | **City of Jacksonville** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.00% | 10/01/27  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259352 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.00% | 10/01/29  | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 312014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.50% | 10/01/53 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 317168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.25% | 10/01/54 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 265956 |
| **City of Lakeland Department of Electric Utilities** | **City of Lakeland Department of Electric Utilities** | **City of Lakeland Department of Electric Utilities** | **City of Lakeland Department of Electric Utilities** | **City of Lakeland Department of Electric Utilities** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 5.00% | 10/01/48  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105138 |
| **City of Miami** | **City of Miami** | **City of Miami** | **City of Miami** | **City of Miami** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 03/01/48 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 357905 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.50% | 01/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106261 |
| **City of Miami Beach** | **City of Miami Beach** | **City of Miami Beach** | **City of Miami Beach** | **City of Miami Beach** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015  | 5.00% | 09/01/40 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 205208 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 4.00% | 05/01/44 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 97508 |

---

**193**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of Miami Beach Water & Sewer Revenue** | **City of Miami Beach Water & Sewer Revenue** | **City of Miami Beach Water & Sewer Revenue** | **City of Miami Beach Water & Sewer Revenue** | **City of Miami Beach Water & Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 5.00% | 09/01/47 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251831 |
| **City of Orlando** | **City of Orlando** | **City of Orlando** | **City of Orlando** | **City of Orlando** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Contract Tourist Development Tax Revenue Series 2025  | 5.50% | 11/01/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 529480 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Contract Tourist Development Tax Revenue Series 2025  | 5.50% | 11/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 529028 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Covenant Revenues Series 2018 B  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 126828 |
| **City of Port St. Lucie** | **City of Port St. Lucie** | **City of Port St. Lucie** | **City of Port St. Lucie** | **City of Port St. Lucie** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding Special Assessment Southwest Annexation Special Assessment District <br> No. 1 Series 2016 <br>| 3.25% | 07/01/45 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 124908 |
| **City of St. Petersburg Public Utility Revenue** | **City of St. Petersburg Public Utility Revenue** | **City of St. Petersburg Public Utility Revenue** | **City of St. Petersburg Public Utility Revenue** | **City of St. Petersburg Public Utility Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 C  | 4.50% | 10/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 973707 |
| **City of Tampa** | **City of Tampa** | **City of Tampa** | **City of Tampa** | **City of Tampa** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Florida Cigarette Tax Revenue Series 2020 A  | 5.00% | 09/01/45 *(a)(d)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 119531 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Florida Cigarette Tax Revenue Series 2020 A  | 5.09% | 09/01/53 *(a)(d)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 365957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Tampa, Inc. Series 2020 A  | 4.00% | 04/01/50 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 222201 |
| **City of Tampa Water & Wastewater System Revenue** | **City of Tampa Water & Wastewater System Revenue** | **City of Tampa Water & Wastewater System Revenue** | **City of Tampa Water & Wastewater System Revenue** | **City of Tampa Water & Wastewater System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 10/01/54 *(a)* | &nbsp;&nbsp; 1165000 | &nbsp;&nbsp; 1188361 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25754 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 10/01/57 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1248780 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 10/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105494 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 10/01/54 *(a)* | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 497046 |
| **County of Broward Airport System Revenue** | **County of Broward Airport System Revenue** | **County of Broward Airport System Revenue** | **County of Broward Airport System Revenue** | **County of Broward Airport System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2012 Q-1  | 4.00% | 10/01/42 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 484373 |
| **County of Broward Convention Center Hotel Revenue** | **County of Broward Convention Center Hotel Revenue** | **County of Broward Convention Center Hotel Revenue** | **County of Broward Convention Center Hotel Revenue** | **County of Broward Convention Center Hotel Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 01/01/47 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 129087 |
| **County of Broward Tourist Development Tax Revenue** | **County of Broward Tourist Development Tax Revenue** | **County of Broward Tourist Development Tax Revenue** | **County of Broward Tourist Development Tax Revenue** | **County of Broward Tourist Development Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 09/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89742 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 09/01/51 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 215774 |
| **County of Broward Water & Sewer Utility Revenue** | **County of Broward Water & Sewer Utility Revenue** | **County of Broward Water & Sewer Utility Revenue** | **County of Broward Water & Sewer Utility Revenue** | **County of Broward Water & Sewer Utility Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 130546 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 10/01/40 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52148 |
| **County of Hillsborough** | **County of Hillsborough** | **County of Hillsborough** | **County of Hillsborough** | **County of Hillsborough** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 3.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 37874 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 2.25% | 08/01/51 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 95118 |
| **County of Manatee** | **County of Manatee** | **County of Manatee** | **County of Manatee** | **County of Manatee** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.25% | 10/01/48 *(a)* | &nbsp;&nbsp; 635000 | &nbsp;&nbsp; 670774 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 4.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 133334 |
| **County of Manatee Public Utilities Revenue** | **County of Manatee Public Utilities Revenue** | **County of Manatee Public Utilities Revenue** | **County of Manatee Public Utilities Revenue** | **County of Manatee Public Utilities Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 4.00% | 10/01/53 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 217595 |
| **County of Miami-Dade** | **County of Miami-Dade** | **County of Miami-Dade** | **County of Miami-Dade** | **County of Miami-Dade** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2014 A  | 3.75% | 07/01/42 *(a)* | &nbsp;&nbsp; 1245000 | &nbsp;&nbsp; 1181916 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2014 A  | 4.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 249620 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 887782 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009 C  | 4.76% | 10/01/44 *(c)(d)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 315297 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 04/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 205811 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2009 A  | 6.88% | 10/01/34 *(a)(c)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 269090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 4.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 324211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 4.00% | 10/01/40 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 175077 |

---

**194**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **County of Miami-Dade Aviation Revenue** | **County of Miami-Dade Aviation Revenue** | **County of Miami-Dade Aviation Revenue** | **County of Miami-Dade Aviation Revenue** | **County of Miami-Dade Aviation Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.25% | 10/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1031201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 B  | 5.00% | 10/01/26 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75158 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50572 |
| **County of Miami-Dade Seaport Department** | **County of Miami-Dade Seaport Department** | **County of Miami-Dade Seaport Department** | **County of Miami-Dade Seaport Department** | **County of Miami-Dade Seaport Department** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-2  | 4.00% | 10/01/49 *(a)(c)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 483573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-2  | 3.00% | 10/01/50 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 72837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B-2  | 4.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 121685 |
| **County of Miami-Dade Transit System** | **County of Miami-Dade Transit System** | **County of Miami-Dade Transit System** | **County of Miami-Dade Transit System** | **County of Miami-Dade Transit System** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 4.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 335503 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 4.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 448306 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77652 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255624 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 310320 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 395762 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 07/01/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 506521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500163 |
| **County of Miami-Dade Water & Sewer System Revenue** | **County of Miami-Dade Water & Sewer System Revenue** | **County of Miami-Dade Water & Sewer System Revenue** | **County of Miami-Dade Water & Sewer System Revenue** | **County of Miami-Dade Water & Sewer System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 4.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 292036 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 3.38% | 10/01/47 *(a)* | &nbsp;&nbsp; 540000 | &nbsp;&nbsp; 436866 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 4.00% | 10/01/47 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 18289 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 3.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 183212 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 695000 | &nbsp;&nbsp; 619131 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 5.00% | 10/01/27  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77581 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 438266 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 551379 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 10/01/42 *(a)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 404571 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 3.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 41399 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24336 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 10/01/46 *(a)* | &nbsp;&nbsp; 975000 | &nbsp;&nbsp; 907857 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 5.00% | 10/01/46 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51644 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 417995 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 10/01/51 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 56182 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.13% | 10/01/50 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 182992 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 10/01/54 *(a)* | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 2187258 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 10/01/33  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112787 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 4.50% | 10/01/51 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 963989 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 10/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 512596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 4.00% | 10/01/35 *(a)* | &nbsp;&nbsp; 5100000 | &nbsp;&nbsp; 5140126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 4.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 3.13% | 10/01/39 *(a)* | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 950492 |
| **County of Osceola Transportation Revenue** | **County of Osceola Transportation Revenue** | **County of Osceola Transportation Revenue** | **County of Osceola Transportation Revenue** | **County of Osceola Transportation Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A-1  | 4.00% | 10/01/54 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 125610 |
| **County of Pasco** | **County of Pasco** | **County of Pasco** | **County of Pasco** | **County of Pasco** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Pasco Cnty RB (Moffitt Cancer Center) Series 2023A Series 2023 A  | 5.75% | 09/01/54 *(a)* | &nbsp;&nbsp; 765000 | &nbsp;&nbsp; 811849 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Florida Cigarette Tax Revenue Series 2023 A  | 5.00% | 09/01/48 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252497 |
| **County of Pasco Water & Sewer Revenue** | **County of Pasco Water & Sewer Revenue** | **County of Pasco Water & Sewer Revenue** | **County of Pasco Water & Sewer Revenue** | **County of Pasco Water & Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2014 B  | 4.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 143873 |
| **County of Sarasota Utility System Revenue** | **County of Sarasota Utility System Revenue** | **County of Sarasota Utility System Revenue** | **County of Sarasota Utility System Revenue** | **County of Sarasota Utility System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.25% | 10/01/55 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209152 |

---

**195**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **County of Seminole** | **County of Seminole** | **County of Seminole** | **County of Seminole** | **County of Seminole** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 305652 |
| **Duval County Public Schools** | **Duval County Public Schools** | **Duval County Public Schools** | **Duval County Public Schools** | **Duval County Public Schools** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 A  | 5.00% | 07/01/26 *(c)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30182 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 A  | 5.00% | 07/01/28 *(c)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 299590 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 A  | 5.00% | 07/01/29 *(c)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 348159 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 A  | 5.00% | 07/01/30 *(c)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 157882 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 A  | 5.00% | 07/01/31 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54079 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 A  | 5.00% | 07/01/32 *(a)(c)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 404344 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 A  | 5.00% | 07/01/33 *(a)(c)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 42908 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 A  | 5.00% | 07/01/34 *(a)(c)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 224315 |
| **Florida Department of Management Services** | **Florida Department of Management Services** | **Florida Department of Management Services** | **Florida Department of Management Services** | **Florida Department of Management Services** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2018 A  | 5.00% | 11/01/26  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 55792 |
| **Florida Higher Educational Facilities Financing Authority** | **Florida Higher Educational Facilities Financing Authority** | **Florida Higher Educational Facilities Financing Authority** | **Florida Higher Educational Facilities Financing Authority** | **Florida Higher Educational Facilities Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Rollins College Series 2020 A  | 3.00% | 12/01/48 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 43027 |
| **Florida Insurance Assistance Interlocal Agency, Inc.** | **Florida Insurance Assistance Interlocal Agency, Inc.** | **Florida Insurance Assistance Interlocal Agency, Inc.** | **Florida Insurance Assistance Interlocal Agency, Inc.** | **Florida Insurance Assistance Interlocal Agency, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Florida Insurance Guaranty Association, Inc. Series 2023 A-1  | 5.00% | 09/01/28 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 378411 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Guaranty Association, Inc. Series 2023 A-1  | 5.00% | 09/01/27 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 307822 |
| **Florida Municipal Power Agency** | **Florida Municipal Power Agency** | **Florida Municipal Power Agency** | **Florida Municipal Power Agency** | **Florida Municipal Power Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB All-Requirements Power Supply Project Revenue Series 2016 A  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 136577 |
| **Florida State Board of Governors** | **Florida State Board of Governors** | **Florida State Board of Governors** | **Florida State Board of Governors** | **Florida State Board of Governors** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Florida State University Athletics Association, Inc. Series 2024 A  | 4.25% | 10/01/53 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 226315 |
| **Fort Pierce Utilities Authority** | **Fort Pierce Utilities Authority** | **Fort Pierce Utilities Authority** | **Fort Pierce Utilities Authority** | **Fort Pierce Utilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 4.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 445666 |
| **Hillsborough County Aviation Authority** | **Hillsborough County Aviation Authority** | **Hillsborough County Aviation Authority** | **Hillsborough County Aviation Authority** | **Hillsborough County Aviation Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 F  | 5.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153781 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 F  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252984 |
| **JEA Electric System Revenue** | **JEA Electric System Revenue** | **JEA Electric System Revenue** | **JEA Electric System Revenue** | **JEA Electric System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 10/01/27  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 10/01/29 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 III-B  | 5.00% | 10/01/33 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 164120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 3rd  | 5.00% | 10/01/28  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 3rd  | 5.00% | 10/01/29  | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 290964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 3rd  | 5.00% | 10/01/33  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 311937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112361 |
| **JEA Water & Sewer System Revenue** | **JEA Water & Sewer System Revenue** | **JEA Water & Sewer System Revenue** | **JEA Water & Sewer System Revenue** | **JEA Water & Sewer System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 10/01/29 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 113659 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 4.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 610000 | &nbsp;&nbsp; 587457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.25% | 10/01/49 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 397267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.50% | 10/01/54 *(a)* | &nbsp;&nbsp; 1120000 | &nbsp;&nbsp; 1192626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.25% | 10/01/55 *(a)* | &nbsp;&nbsp; 935000 | &nbsp;&nbsp; 978770 |
| **Lee County School Board** | **Lee County School Board** | **Lee County School Board** | **Lee County School Board** | **Lee County School Board** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023 A  | 4.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92581 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023 A  | 4.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 224640 |
| **Miami-Dade County Educational Facilities Authority** | **Miami-Dade County Educational Facilities Authority** | **Miami-Dade County Educational Facilities Authority** | **Miami-Dade County Educational Facilities Authority** | **Miami-Dade County Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Miami Series 2018 A  | 4.00% | 04/01/53 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 29640 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Miami Series 2018 A  | 5.00% | 04/01/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500094 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Miami Series 2026  | 5.00% | 04/01/48 *(a)(e)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 A  | 4.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 384201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Miami Series 2024 A  | 5.00% | 04/01/36 *(a)* | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 456064 |

---

**196**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Miami Series 2024 A  | 5.00% | 04/01/41 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1606271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Miami Series 2024 A  | 5.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 312441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Miami Series 2024 A  | 5.00% | 04/01/46 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Miami Series 2025 B  | 5.25% | 04/01/40 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 120583 |
| **Miami-Dade County Expressway Authority** | **Miami-Dade County Expressway Authority** | **Miami-Dade County Expressway Authority** | **Miami-Dade County Expressway Authority** | **Miami-Dade County Expressway Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 155122 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2014 A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 225450 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2014 A  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200099 |
| **Orange County Convention Center** | **Orange County Convention Center** | **Orange County Convention Center** | **Orange County Convention Center** | **Orange County Convention Center** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 4.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 140155 |
| **Orange County School Board** | **Orange County School Board** | **Orange County School Board** | **Orange County School Board** | **Orange County School Board** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2016 C  | 5.00% | 08/01/34 *(a)(b)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151245 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2024 A  | 5.00% | 08/01/33  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 56387 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2024 A  | 5.00% | 08/01/34  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 96359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2021 A  | 5.00% | 08/01/32  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 100592 |
| **Orlando Utilities Commission** | **Orlando Utilities Commission** | **Orlando Utilities Commission** | **Orlando Utilities Commission** | **Orlando Utilities Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 362360 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 10/01/50 *(a)* | &nbsp;&nbsp; 1155000 | &nbsp;&nbsp; 1193439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 166539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 220447 |
| **Palm Beach County School District** | **Palm Beach County School District** | **Palm Beach County School District** | **Palm Beach County School District** | **Palm Beach County School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2017 A  | 5.00% | 08/01/27  | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 144518 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2018 C  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2025 A  | 5.00% | 08/01/27  | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1806477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2025 A  | 5.00% | 08/01/30  | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 653857 |
| **Peace River Manasota Regional Water Supply Authority** | **Peace River Manasota Regional Water Supply Authority** | **Peace River Manasota Regional Water Supply Authority** | **Peace River Manasota Regional Water Supply Authority** | **Peace River Manasota Regional Water Supply Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 10/01/50 *(a)* | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 536597 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.50% | 10/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 528850 |
| **School Board of Miami-Dade County** | **School Board of Miami-Dade County** | **School Board of Miami-Dade County** | **School Board of Miami-Dade County** | **School Board of Miami-Dade County** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 4.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 910580 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 03/15/52 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 126944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2015 D  | 5.00% | 02/01/27 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50096 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2015 D  | 5.00% | 02/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100193 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2015 D  | 5.00% | 02/01/31 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 65121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2016 C  | 3.25% | 02/01/33 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 296606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2025 A  | 5.00% | 05/01/27  | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 241173 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2025 A  | 5.00% | 05/01/28  | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 786233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2025 A  | 5.00% | 05/01/30  | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 462291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2025 A  | 5.00% | 05/01/31  | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 253849 |
| **School District of Broward County** | **School District of Broward County** | **School District of Broward County** | **School District of Broward County** | **School District of Broward County** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 330313 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 5.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 156061 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 534445 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2020 A  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 63979 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 B  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 391909 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2022 B  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 519707 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 168962 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2019 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 115287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2025 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5141541 |

---

**197**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **South Florida Water Management District** | **South Florida Water Management District** | **South Florida Water Management District** | **South Florida Water Management District** | **South Florida Water Management District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2016  | 5.00% | 10/01/35 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 175000 |
| **State of Florida** | **State of Florida** | **State of Florida** | **State of Florida** | **State of Florida** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 5.00% | 06/01/32  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 28076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 B  | 5.00% | 06/01/26  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 B  | 5.00% | 06/01/28  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B  | 5.00% | 06/01/33  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 141720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 C  | 5.00% | 06/01/27  | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 432591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 06/01/34  | &nbsp;&nbsp; 4280000 | &nbsp;&nbsp; 4886524 |
| **State of Florida Department of Transportation Turnpike System Revenue** | **State of Florida Department of Transportation Turnpike System Revenue** | **State of Florida Department of Transportation Turnpike System Revenue** | **State of Florida Department of Transportation Turnpike System Revenue** | **State of Florida Department of Transportation Turnpike System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 C  | 3.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 353129 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 3955000 | &nbsp;&nbsp; 4103795 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 4.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 901842 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 D  | 4.25% | 07/01/55 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 691913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 87661 |
| **State of Florida Lottery Revenue** | **State of Florida Lottery Revenue** | **State of Florida Lottery Revenue** | **State of Florida Lottery Revenue** | **State of Florida Lottery Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 170145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 131483 |
| **Tampa Bay Water** | **Tampa Bay Water** | **Tampa Bay Water** | **Tampa Bay Water** | **Tampa Bay Water** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35797 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 518755 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 10/01/54 *(a)* | &nbsp;&nbsp; 4855000 | &nbsp;&nbsp; 5101883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2001 A  | 6.00% | 10/01/29 *(c)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 104916 |
| **Tampa-Hillsborough County Expressway Authority** | **Tampa-Hillsborough County Expressway Authority** | **Tampa-Hillsborough County Expressway Authority** | **Tampa-Hillsborough County Expressway Authority** | **Tampa-Hillsborough County Expressway Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 580000 | &nbsp;&nbsp; 584389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 4.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 731571 |
| **Wildwood Utility Dependent District** | **Wildwood Utility Dependent District** | **Wildwood Utility Dependent District** | **Wildwood Utility Dependent District** | **Wildwood Utility Dependent District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 5.00% | 10/01/52 *(a)(c)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 115875 |
|  |  |  |  | &nbsp;&nbsp; **101967166** |
| **GEORGIA** 1.9%  | **GEORGIA** 1.9%  | **GEORGIA** 1.9%  | **GEORGIA** 1.9%  | **GEORGIA** 1.9%  |
| **Atlanta Development Authority** | **Atlanta Development Authority** | **Atlanta Development Authority** | **Atlanta Development Authority** | **Atlanta Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Hotel Motel Tax Series 2015 A-1  | 5.25% | 07/01/44 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50039 |
| **Augusta Water & Sewer Revenue** | **Augusta Water & Sewer Revenue** | **Augusta Water & Sewer Revenue** | **Augusta Water & Sewer Revenue** | **Augusta Water & Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2012  | 3.50% | 10/01/42 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 44748 |
| **City of Atlanta Airport Passenger Facility Charge** | **City of Atlanta Airport Passenger Facility Charge** | **City of Atlanta Airport Passenger Facility Charge** | **City of Atlanta Airport Passenger Facility Charge** | **City of Atlanta Airport Passenger Facility Charge** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 247514 |
| **City of Atlanta Department of Aviation** | **City of Atlanta Department of Aviation** | **City of Atlanta Department of Aviation** | **City of Atlanta Department of Aviation** | **City of Atlanta Department of Aviation** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516827 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B-1  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 263433 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 366794 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.00% | 07/01/54 *(a)* | &nbsp;&nbsp; 1280000 | &nbsp;&nbsp; 1307959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 164869 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 305562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27337 |
| **City of Atlanta Water & Wastewater Revenue** | **City of Atlanta Water & Wastewater Revenue** | **City of Atlanta Water & Wastewater Revenue** | **City of Atlanta Water & Wastewater Revenue** | **City of Atlanta Water & Wastewater Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 3.50% | 11/01/43 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 447137 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 11/01/43 *(a)(b)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 93531 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 11/01/43 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10182 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 11/01/41 *(a)(c)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 43724 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 5.00% | 11/01/26 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 55116 |

---

**198**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 80533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 5.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 180515 |
| **Cobb-Marietta Coliseum & Exhibit Hall Authority** | **Cobb-Marietta Coliseum & Exhibit Hall Authority** | **Cobb-Marietta Coliseum & Exhibit Hall Authority** | **Cobb-Marietta Coliseum & Exhibit Hall Authority** | **Cobb-Marietta Coliseum & Exhibit Hall Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.50% | 10/01/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269347 |
| **County of DeKalb Water & Sewerage Revenue** | **County of DeKalb Water & Sewerage Revenue** | **County of DeKalb Water & Sewerage Revenue** | **County of DeKalb Water & Sewerage Revenue** | **County of DeKalb Water & Sewerage Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 10/01/55 *(a)* | &nbsp;&nbsp; 1025000 | &nbsp;&nbsp; 1055040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 242268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102343 |
| **County of Fulton Water & Sewerage Revenue** | **County of Fulton Water & Sewerage Revenue** | **County of Fulton Water & Sewerage Revenue** | **County of Fulton Water & Sewerage Revenue** | **County of Fulton Water & Sewerage Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 3.00% | 01/01/41 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 428663 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 2.25% | 01/01/42 *(a)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 319001 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 2.25% | 01/01/43 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 108017 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 2.38% | 01/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 142984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 01/01/33  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1129919 |
| **County of Paulding Water & Sewerage Revenue** | **County of Paulding Water & Sewerage Revenue** | **County of Paulding Water & Sewerage Revenue** | **County of Paulding Water & Sewerage Revenue** | **County of Paulding Water & Sewerage Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 3.00% | 12/01/48 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 77220 |
| **Development Authority for Fulton County** | **Development Authority for Fulton County** | **Development Authority for Fulton County** | **Development Authority for Fulton County** | **Development Authority for Fulton County** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Georgia Tech Facilities, Inc. Series 2024  | 5.00% | 06/15/56 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101939 |
| **Georgia Ports Authority** | **Georgia Ports Authority** | **Georgia Ports Authority** | **Georgia Ports Authority** | **Georgia Ports Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 9524 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 2.63% | 07/01/51 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 65956 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92772 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 4.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15016 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107118 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 4.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 2950000 | &nbsp;&nbsp; 2781228 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 4.00% | 07/01/52 *(a)* | &nbsp;&nbsp; 625000 | &nbsp;&nbsp; 574483 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.25% | 07/01/52 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1144487 |
| **Georgia State Road & Tollway Authority** | **Georgia State Road & Tollway Authority** | **Georgia State Road & Tollway Authority** | **Georgia State Road & Tollway Authority** | **Georgia State Road & Tollway Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 5.00% | 06/01/30  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 136296 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 5.00% | 06/01/32 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10821 |
| **Gwinnett County School District** | **Gwinnett County School District** | **Gwinnett County School District** | **Gwinnett County School District** | **Gwinnett County School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 4310000 | &nbsp;&nbsp; 4512972 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 4.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25562 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 5.00% | 08/01/27  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 155001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 02/01/30  | &nbsp;&nbsp; 8000000 | &nbsp;&nbsp; 8700274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 02/01/32  | &nbsp;&nbsp; 6300000 | &nbsp;&nbsp; 7056917 |
| **Jefferson Public Building Authority** | **Jefferson Public Building Authority** | **Jefferson Public Building Authority** | **Jefferson Public Building Authority** | **Jefferson Public Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB City School District Series 2025  | 4.50% | 02/01/55 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96263 |
| **Macon Water Authority** | **Macon Water Authority** | **Macon Water Authority** | **Macon Water Authority** | **Macon Water Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 10/01/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 512639 |
| **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** | **Metropolitan Atlanta Rapid Transit Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 07/01/33 *(a)(b)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 120783 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 07/01/34 *(a)(b)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25163 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 232772 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 222631 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 07/01/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 530286 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 07/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1032212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C  | 3.25% | 07/01/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93224 |

---

**199**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C  | 3.50% | 07/01/38 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 249225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C  | 3.25% | 07/01/39 *(a)* | &nbsp;&nbsp; 1065000 | &nbsp;&nbsp; 963580 |
| **Municipal Electric Authority of Georgia** | **Municipal Electric Authority of Georgia** | **Municipal Electric Authority of Georgia** | **Municipal Electric Authority of Georgia** | **Municipal Electric Authority of Georgia** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 07/01/64 *(a)* | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 198181 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB JEA Electric System Revenue Series 2019 A  | 5.00% | 01/01/49 *(a)* | &nbsp;&nbsp; 2600000 | &nbsp;&nbsp; 2599025 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB JEA Electric System Revenue Series 2022 A  | 4.50% | 07/01/63 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 457812 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB JEA Electric System Revenue Series 2023 A  | 5.00% | 07/01/55 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252855 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB JEA Electric System Revenue Series 2023 A  | 5.00% | 07/01/64 *(a)(c)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 745981 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB PowerSouth Energy Cooperative Series 2019 B  | 4.00% | 01/01/49 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 432960 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB PowerSouth Energy Cooperative Series 2019 B  | 5.00% | 01/01/59 *(a)* | &nbsp;&nbsp; 1040000 | &nbsp;&nbsp; 1013550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/28 *(a)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 392273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 HH  | 4.13% | 01/01/49 *(a)(c)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 253314 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.25% | 01/01/49 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.25% | 01/01/54 *(a)(c)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2574058 |
| **Private Colleges & Universities Authority** | **Private Colleges & Universities Authority** | **Private Colleges & Universities Authority** | **Private Colleges & Universities Authority** | **Private Colleges & Universities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Emory University Series 2023 B  | 5.00% | 09/01/33  | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5649765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Emory University Series 2016 B  | 4.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 9855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Emory University Series 2019 A  | 5.00% | 09/01/29  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 295450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Emory University Series 2020 B  | 4.00% | 09/01/39 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 114570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Emory University Series 2020 B  | 4.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 343313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Emory University Series 2022 A  | 5.00% | 09/01/32  | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 369554 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Emory University Series 2025 A  | 5.00% | 09/01/29  | &nbsp;&nbsp; 495000 | &nbsp;&nbsp; 531810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Emory University Series 2025 A  | 5.25% | 09/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1130598 |
| **Richmond County Board of Education** | **Richmond County Board of Education** | **Richmond County Board of Education** | **Richmond County Board of Education** | **Richmond County Board of Education** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 10/01/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274437 |
| **Rockdale County Public Facilities Authority** | **Rockdale County Public Facilities Authority** | **Rockdale County Public Facilities Authority** | **Rockdale County Public Facilities Authority** | **Rockdale County Public Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 01/01/49 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41209 |
| **Sandy Springs Public Facilities Authority** | **Sandy Springs Public Facilities Authority** | **Sandy Springs Public Facilities Authority** | **Sandy Springs Public Facilities Authority** | **Sandy Springs Public Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015  | 5.00% | 05/01/41 *(a)(b)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 190409 |
| **State of Georgia** | **State of Georgia** | **State of Georgia** | **State of Georgia** | **State of Georgia** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 4.00% | 02/01/31 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25022 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 2.50% | 02/01/33 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 565869 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A-2  | 5.00% | 02/01/31 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204012 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A-2  | 3.00% | 02/01/34 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 97143 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A-2  | 4.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 55315 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A-2  | 3.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 319057 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36109 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 116051 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 178939 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 67059 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 195177 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 252469 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107170 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/27  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103374 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/28  | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 68699 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/29  | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3236344 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/32 *(a)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 463644 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 3.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 33016 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 314547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 E  | 5.00% | 12/01/26  | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 233823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4126734 |

---

**200**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 166947 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 5.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 4.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 109205 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 4.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 208854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 C  | 4.00% | 07/01/28  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 82661 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 C  | 5.00% | 07/01/32  | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 451576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 C  | 4.00% | 01/01/28  | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 297790 |
| **Valdosta & Lowndes County Hospital Authority** | **Valdosta & Lowndes County Hospital Authority** | **Valdosta & Lowndes County Hospital Authority** | **Valdosta & Lowndes County Hospital Authority** | **Valdosta & Lowndes County Hospital Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB South Georgia Medical Center Obligated Group Series 2024  | 5.00% | 10/01/54 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 122105 |
|  |  |  |  | &nbsp;&nbsp; **68343553** |
| **HAWAII** 0.3%  | **HAWAII** 0.3%  | **HAWAII** 0.3%  | **HAWAII** 0.3%  | **HAWAII** 0.3%  |
| **City & County Honolulu Wastewater System Revenue** | **City & County Honolulu Wastewater System Revenue** | **City & County Honolulu Wastewater System Revenue** | **City & County Honolulu Wastewater System Revenue** | **City & County Honolulu Wastewater System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 4.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 982068 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 248763 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 07/01/54 *(a)* | &nbsp;&nbsp; 2150000 | &nbsp;&nbsp; 2250931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1098648 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/33  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 568362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 464754 |
| **City & County of Honolulu** | **City & County of Honolulu** | **City & County of Honolulu** | **City & County of Honolulu** | **City & County of Honolulu** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 09/01/26  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 90961 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 09/01/27  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207131 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 09/01/28  | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 248703 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 09/01/29 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52792 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 E  | 5.00% | 03/01/27  | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 230245 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 E  | 5.00% | 03/01/28  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 214783 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 E  | 5.00% | 03/01/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106837 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 E  | 5.00% | 03/01/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271989 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 E  | 5.00% | 03/01/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55201 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 B  | 5.00% | 03/01/27  | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 291643 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 B  | 5.00% | 03/01/28  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 162397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 B  | 5.00% | 03/01/29  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53418 |
| **State of Hawaii** | **State of Hawaii** | **State of Hawaii** | **State of Hawaii** | **State of Hawaii** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 FB  | 3.00% | 04/01/36 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 60562 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 FK  | 5.00% | 05/01/27  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51368 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 FK  | 5.00% | 05/01/28 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102593 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 FK  | 4.00% | 05/01/31 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 506275 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 FK  | 4.00% | 05/01/32 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25281 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 FK  | 5.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153162 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 FT  | 5.00% | 01/01/27  | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 275138 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 FT  | 5.00% | 01/01/28  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36524 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 FT  | 5.00% | 01/01/31 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1039569 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 FT  | 5.00% | 01/01/33 *(a)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 404157 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 FT  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 97917 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 FT  | 5.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102717 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 FW  | 5.00% | 01/01/32 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 58190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 FE  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 202517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 FH  | 5.00% | 10/01/26  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 162045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 FH  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 374656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 FH  | 4.00% | 10/01/31 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50261 |

---

**201**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **State of Hawaii Airports System Revenue** | **State of Hawaii Airports System Revenue** | **State of Hawaii Airports System Revenue** | **State of Hawaii Airports System Revenue** | **State of Hawaii Airports System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 D  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 86452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 D  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 123845 |
|  |  |  |  | &nbsp;&nbsp; **11512855** |
| **IDAHO** 0.2%  | **IDAHO** 0.2%  | **IDAHO** 0.2%  | **IDAHO** 0.2%  | **IDAHO** 0.2%  |
| **Idaho Housing & Finance Association** | **Idaho Housing & Finance Association** | **Idaho Housing & Finance Association** | **Idaho Housing & Finance Association** | **Idaho Housing & Finance Association** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2022 A  | 5.00% | 08/15/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 155751 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2023 A  | 5.25% | 08/15/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263148 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 08/15/48 *(a)* | &nbsp;&nbsp; 1225000 | &nbsp;&nbsp; 1273695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 07/15/29  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 42814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 07/15/39 *(a)* | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 353722 |
| **Idaho State Building Authority** | **Idaho State Building Authority** | **Idaho State Building Authority** | **Idaho State Building Authority** | **Idaho State Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 06/01/26  | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 652713 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 06/01/27  | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 617355 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 06/01/29  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 171857 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 06/01/30  | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 371147 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 06/01/32  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 22448 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 06/01/33  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 566879 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2025 A  | 5.00% | 06/01/28  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 84198 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2025 A  | 5.00% | 06/01/30  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 125535 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2025 A  | 5.00% | 06/01/34  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 314398 |
|  |  |  |  | &nbsp;&nbsp; **5015660** |
| **ILLINOIS** 5.3%  | **ILLINOIS** 5.3%  | **ILLINOIS** 5.3%  | **ILLINOIS** 5.3%  | **ILLINOIS** 5.3%  |
| **Board of Trustees of the University of Illinois** | **Board of Trustees of the University of Illinois** | **Board of Trustees of the University of Illinois** | **Board of Trustees of the University of Illinois** | **Board of Trustees of the University of Illinois** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Auxiliary Facilities System Series 2018 A  | 4.13% | 04/01/48 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 90499 |
| **Chicago Board of Education Dedicated Capital Improvement Tax** | **Chicago Board of Education Dedicated Capital Improvement Tax** | **Chicago Board of Education Dedicated Capital Improvement Tax** | **Chicago Board of Education Dedicated Capital Improvement Tax** | **Chicago Board of Education Dedicated Capital Improvement Tax** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 6.10% | 04/01/36 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 233645 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 6.00% | 04/01/46 *(a)* | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 2123170 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 202519 |
| **Chicago Midway International Airport** | **Chicago Midway International Airport** | **Chicago Midway International Airport** | **Chicago Midway International Airport** | **Chicago Midway International Airport** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 01/01/35 *(a)(c)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 569535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 01/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1022169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 01/01/55 *(a)* | &nbsp;&nbsp; 1020000 | &nbsp;&nbsp; 1033731 |
| **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** | **Chicago O'Hare International Airport** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 D  | 5.00% | 01/01/52 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2003508 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10413 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103875 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 124365 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 4.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1034536 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 01/01/48 *(a)* | &nbsp;&nbsp; 2525000 | &nbsp;&nbsp; 2545441 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 4.00% | 01/01/53 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 85697 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 01/01/53 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 216068 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 4.50% | 01/01/56 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 32552 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.25% | 01/01/56 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254802 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 01/01/48 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204236 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.25% | 01/01/53 *(a)* | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 733102 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.50% | 01/01/59 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 366105 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 A  | 5.25% | 01/01/61 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1289521 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 164551 |

---

**202**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 01/01/35 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 506235 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 01/01/35 *(a)* | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 539583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 257159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 01/01/37 *(a)(c)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 606832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 D  | 5.00% | 01/01/29  | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 127447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D  | 5.00% | 01/01/28  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D  | 5.00% | 01/01/29  | &nbsp;&nbsp; 975000 | &nbsp;&nbsp; 1035506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D  | 5.00% | 01/01/30  | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 231879 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D  | 5.00% | 01/01/33  | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 569624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D  | 5.00% | 01/01/34  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 101364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 01/01/33  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111691 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 D  | 5.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3338076 |
| **Chicago Transit Authority Capital Grant Receipts Revenue** | **Chicago Transit Authority Capital Grant Receipts Revenue** | **Chicago Transit Authority Capital Grant Receipts Revenue** | **Chicago Transit Authority Capital Grant Receipts Revenue** | **Chicago Transit Authority Capital Grant Receipts Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021  | 5.00% | 06/01/28  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 83559 |
| **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** | **Chicago Transit Authority Sales Tax Receipts Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 5.00% | 12/01/51 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 750697 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 A  | 5.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 184718 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 A  | 5.25% | 12/01/51 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1039400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 585000 | &nbsp;&nbsp; 596739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 12/01/55 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 28833 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 12/01/55 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 12/01/46 *(a)(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 4.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 294006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 12/01/52 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25156 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 12/01/57 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1004277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 560664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 755000 | &nbsp;&nbsp; 800870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 221555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 5270000 | &nbsp;&nbsp; 5346531 |
| **City of Chicago** | **City of Chicago** | **City of Chicago** | **City of Chicago** | **City of Chicago** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 1999  | 4.54% | 01/01/34 *(c)(d)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 43840 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.50% | 01/01/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205221 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 01/01/40 *(a)* | &nbsp;&nbsp; 620000 | &nbsp;&nbsp; 613520 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 323863 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.50% | 01/01/49 *(a)* | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 432573 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 4.00% | 01/01/35 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 90745 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 01/01/35 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51308 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.25% | 01/01/38 *(a)* | &nbsp;&nbsp; 1035000 | &nbsp;&nbsp; 1059913 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023A  | 5.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 283597 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 925000 | &nbsp;&nbsp; 892186 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/45 *(a)* | &nbsp;&nbsp; 2085000 | &nbsp;&nbsp; 1980865 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 6.00% | 01/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1033266 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 B  | 5.50% | 01/01/41 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1563398 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 6.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 413802 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 A  | 5.00% | 01/01/29  | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 185477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 A  | 5.00% | 01/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 5.00% | 01/01/33 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 4.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 23564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 B  | 5.00% | 01/01/33 *(a)* | &nbsp;&nbsp; 640000 | &nbsp;&nbsp; 667259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 B  | 5.00% | 01/01/34  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520227 |

---

**203**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of Chicago Wastewater Transmission Revenue** | **City of Chicago Wastewater Transmission Revenue** | **City of Chicago Wastewater Transmission Revenue** | **City of Chicago Wastewater Transmission Revenue** | **City of Chicago Wastewater Transmission Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 01/01/47 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1002498 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 4.00% | 01/01/52 *(a)(c)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1713966 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 01/01/48 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207835 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 01/01/53 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51279 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 01/01/58 *(a)(c)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 178780 |
| **City of Chicago Waterworks Revenue** | **City of Chicago Waterworks Revenue** | **City of Chicago Waterworks Revenue** | **City of Chicago Waterworks Revenue** | **City of Chicago Waterworks Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1999  | 5.00% | 11/01/30 *(a)* | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 197349 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2004  | 5.00% | 11/01/26  | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 177377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 419868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 113931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 11/01/36 *(a)(c)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 296337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 4.00% | 11/01/40 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 248310 |
| **City of Springfield Electric Revenue** | **City of Springfield Electric Revenue** | **City of Springfield Electric Revenue** | **City of Springfield Electric Revenue** | **City of Springfield Electric Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 03/01/39 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 537113 |
| **County of Cook** | **County of Cook** | **County of Cook** | **County of Cook** | **County of Cook** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 11/15/26 *(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 11/15/26  | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 5.00% | 11/15/28  | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1165383 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 5.00% | 11/15/32 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 80926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 B  | 4.00% | 11/15/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252024 |
| **County of Cook Sales Tax Revenue** | **County of Cook Sales Tax Revenue** | **County of Cook Sales Tax Revenue** | **County of Cook Sales Tax Revenue** | **County of Cook Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 11/15/40 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 240583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 11/15/41 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 215141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.25% | 11/15/45 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52361 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 11/15/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263372 |
| **Illinois Finance Authority** | **Illinois Finance Authority** | **Illinois Finance Authority** | **Illinois Finance Authority** | **Illinois Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Edward-Elmhurst Healthcare Obligated Group Series 2018 A  | 4.25% | 01/01/44 *(a)(b)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 411198 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Chicago Series 2023 A  | 5.25% | 05/15/48 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 130301 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Chicago Series 2023 A  | 5.25% | 05/15/54 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154312 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Revolving Fund - Clean Water Program Series 2020  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 214182 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Revolving Fund - Clean Water Program Series 2020  | 4.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 227093 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Revolving Fund - Clean Water Program Series 2020  | 4.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15028 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Revolving Fund - Clean Water Program Series 2025 A  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 1975000 | &nbsp;&nbsp; 2181081 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Revolving Fund - Clean Water Program Series 2025 A  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB DePaul University Series 2016 A  | 4.00% | 10/01/40 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 47383 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Chicago Series 2024 A  | 5.00% | 04/01/31  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27425 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Chicago Series 2024 A  | 5.00% | 04/01/32 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 205324 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Chicago Series 2024 A  | 5.00% | 04/01/34  | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 185657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Chicago Series 2024 B  | 5.00% | 04/01/33  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Chicago Series 2024 B  | 5.00% | 04/01/34 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5625975 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Chicago Series 2024 B  | 5.25% | 04/01/39 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109931 |
| **Illinois Municipal Electric Agency** | **Illinois Municipal Electric Agency** | **Illinois Municipal Electric Agency** | **Illinois Municipal Electric Agency** | **Illinois Municipal Electric Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 02/01/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 02/01/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273418 |
| **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** | **Illinois State Toll Highway Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2014 C  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50068 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 A  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125171 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 A  | 5.00% | 01/01/40 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 224983 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 B  | 5.00% | 01/01/40 *(a)* | &nbsp;&nbsp; 545000 | &nbsp;&nbsp; 544959 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 01/01/41 *(a)* | &nbsp;&nbsp; 1155000 | &nbsp;&nbsp; 1158423 |

---

**204**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 755000 | &nbsp;&nbsp; 771375 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 2156164 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 01/01/45 *(a)* | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 734969 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 695317 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 01/01/43 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 136421 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 01/01/46 *(a)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 475397 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 01/01/46 *(a)* | &nbsp;&nbsp; 1125000 | &nbsp;&nbsp; 1161124 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 1360000 | &nbsp;&nbsp; 1462708 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 01/01/43 *(a)* | &nbsp;&nbsp; 870000 | &nbsp;&nbsp; 942907 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 445494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 12/01/31 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 115196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 12/01/32 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 130301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 01/01/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 5.00% | 01/01/27  | &nbsp;&nbsp; 2130000 | &nbsp;&nbsp; 2170214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 5.00% | 01/01/30  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 215997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 5.00% | 01/01/31 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 64271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 C  | 5.00% | 01/01/27  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 C  | 5.00% | 01/01/28  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 C  | 5.00% | 01/01/29  | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 207101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 C  | 5.00% | 01/01/30  | &nbsp;&nbsp; 1370000 | &nbsp;&nbsp; 1479583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 C  | 5.00% | 01/01/31 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 535595 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/32  | &nbsp;&nbsp; 1025000 | &nbsp;&nbsp; 1138765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/34  | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 463577 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/35 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 202487 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 523337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 2025000 | &nbsp;&nbsp; 2235055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 850000 | &nbsp;&nbsp; 931863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 1320000 | &nbsp;&nbsp; 1440063 |
| **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** | **Metropolitan Pier & Exposition Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 3.53% | 12/15/30 *(c)(d)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 63858 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 3.38% | 12/15/31 *(c)(d)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 310924 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 3.76% | 06/15/32 *(c)(d)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 56143 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 4.62% | 12/15/32 *(c)(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 196359 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 3.69% | 06/15/33 *(c)(d)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 199904 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 4.37% | 06/15/34 *(c)(d)* | &nbsp;&nbsp; 595000 | &nbsp;&nbsp; 436835 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 4.27% | 06/15/35 *(c)(d)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 237724 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 3.73% | 12/15/35 *(c)(d)* | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 327444 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 4.30% | 06/15/37 *(c)(d)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 37714 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 4.11% | 06/15/38 *(c)(d)* | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 274361 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 4.08% | 12/15/38 *(c)(d)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 124864 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 4.24% | 06/15/39 *(c)(d)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 56537 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2002 A  | 4.43% | 12/15/39 *(c)(d)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 110073 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2012 B  | 4.33% | 12/15/41 *(d)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 37156 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2012 B  | 4.70% | 12/15/51 *(d)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 143479 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2015 A  | 4.45% | 12/15/52 *(c)(d)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 13202 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2015 A  | 5.00% | 06/15/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 491546 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of Illinois McCormick Place Expansion Project Fund Series 2017 A  | 5.00% | 06/15/57 *(a)* | &nbsp;&nbsp; 830000 | &nbsp;&nbsp; 809293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 1994 <br> A <br>| 3.60% | 06/15/28 *(c)(d)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 209704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2010  | 4.80% | 06/15/43 *(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 115640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2010  | 4.54% | 06/15/44 *(c)(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 436194 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2010  | 4.61% | 06/15/45 *(c)(d)* | &nbsp;&nbsp; 2600000 | &nbsp;&nbsp; 1066171 |

---

**205**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2010  | 4.68% | 06/15/46 *(c)(d)* | &nbsp;&nbsp; 1640000 | &nbsp;&nbsp; 633176 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2010  | 4.86% | 06/15/47 *(c)(d)* | &nbsp;&nbsp; 735000 | &nbsp;&nbsp; 266189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2017 <br> B <br>| 5.06% | 12/15/54 *(d)* | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 482885 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2017 <br> B <br>| 5.51% | 12/15/56 *(c)(d)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 79616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2020 <br> A <br>| 4.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 1985000 | &nbsp;&nbsp; 1773582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2020 <br> A <br>| 5.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 1620000 | &nbsp;&nbsp; 1614409 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2020 <br> B <br>| 5.00% | 06/15/42 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 513963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2022 <br> A <br>| 3.81% | 06/15/38 *(a)(d)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 2385748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2022 <br> A <br>| 4.00% | 12/15/47 *(a)* | &nbsp;&nbsp; 2045000 | &nbsp;&nbsp; 1849111 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2022 <br> A <br>| 4.00% | 06/15/52 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 46276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2024 <br> B <br>| 4.00% | 12/15/26  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201368 |
| **Metropolitan Water Reclamation District of Greater Chicago** | **Metropolitan Water Reclamation District of Greater Chicago** | **Metropolitan Water Reclamation District of Greater Chicago** | **Metropolitan Water Reclamation District of Greater Chicago** | **Metropolitan Water Reclamation District of Greater Chicago** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 C  | 5.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100422 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 12/01/39 *(a)* | &nbsp;&nbsp; 585000 | &nbsp;&nbsp; 640689 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1635075 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 537535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2007 C  | 5.25% | 12/01/32  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 182320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 12/01/27 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 131941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 12/01/28 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15234 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 12/01/29 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 116745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 12/01/30 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 96391 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 C  | 5.00% | 12/01/30  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 43871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 C  | 5.00% | 12/01/31  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111202 |
| **Northern Illinois Municipal Power Agency** | **Northern Illinois Municipal Power Agency** | **Northern Illinois Municipal Power Agency** | **Northern Illinois Municipal Power Agency** | **Northern Illinois Municipal Power Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 292987 |
| **Regional Transportation Authority** | **Regional Transportation Authority** | **Regional Transportation Authority** | **Regional Transportation Authority** | **Regional Transportation Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2004 A  | 5.75% | 06/01/34 *(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 561104 |
| **Sales Tax Securitization Corp.** | **Sales Tax Securitization Corp.** | **Sales Tax Securitization Corp.** | **Sales Tax Securitization Corp.** | **Sales Tax Securitization Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 C  | 5.50% | 01/01/31 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 C  | 5.00% | 01/01/43 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 C  | 5.25% | 01/01/43 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 128029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 01/01/28  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62361 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 01/01/29  | &nbsp;&nbsp; 465000 | &nbsp;&nbsp; 490455 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 01/01/30  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 160508 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36515 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 272364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 210473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 01/01/27  | &nbsp;&nbsp; 535000 | &nbsp;&nbsp; 544217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 01/01/31  | &nbsp;&nbsp; 965000 | &nbsp;&nbsp; 1044480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 01/01/32  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 136495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 01/01/33  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 32976 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 01/01/33  | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 659514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 710075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40818 |

---

**206**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 C  | 5.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 415120 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 C  | 5.00% | 01/01/35 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/35  | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 355290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/35  | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 507086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 338653 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 201090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 791816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/46 *(a)* | &nbsp;&nbsp; 4020000 | &nbsp;&nbsp; 4136248 |
| **State of Illinois** | **State of Illinois** | **State of Illinois** | **State of Illinois** | **State of Illinois** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 12/01/32 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 138189 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 4.50% | 12/01/41 *(a)* | &nbsp;&nbsp; 1260000 | &nbsp;&nbsp; 1221807 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 C  | 5.00% | 11/01/29 *(a)* | &nbsp;&nbsp; 2120000 | &nbsp;&nbsp; 2179645 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 3.25% | 11/01/26  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200535 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 5.00% | 11/01/26  | &nbsp;&nbsp; 1535000 | &nbsp;&nbsp; 1554527 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 5.00% | 11/01/27  | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 521818 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 1095000 | &nbsp;&nbsp; 1127591 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 11/01/27  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 129163 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52949 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 4.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 968285 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 4.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 95836 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.50% | 05/01/30  | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 100704 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.50% | 05/01/39 *(a)* | &nbsp;&nbsp; 705000 | &nbsp;&nbsp; 743151 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.75% | 05/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261804 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 5.00% | 10/01/30  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53937 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 5.00% | 10/01/31 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 241538 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 4.00% | 10/01/33 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251810 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96838 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92429 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.25% | 10/01/45 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 271967 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 03/01/27  | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 260078 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 03/01/29  | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1585443 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 03/01/33 *(a)* | &nbsp;&nbsp; 1895000 | &nbsp;&nbsp; 2030696 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105463 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 745000 | &nbsp;&nbsp; 781656 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 03/01/38 *(a)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 357172 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 03/01/39 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 9548 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 03/01/40 *(a)* | &nbsp;&nbsp; 1065000 | &nbsp;&nbsp; 1005243 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 03/01/41 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 232566 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 03/01/46 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151482 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 B  | 5.00% | 03/01/27  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25498 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 03/01/27  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 305974 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 03/01/28  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 57177 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 03/01/30  | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 562593 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 03/01/31  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 167898 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 03/01/34 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53915 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.25% | 03/01/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107068 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.25% | 03/01/38 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 159818 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.50% | 03/01/42 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 185797 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.50% | 03/01/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 155499 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 5.25% | 10/01/36 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 540182 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.50% | 10/01/40 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 537264 |

---

**207**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.50% | 10/01/41 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26725 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.25% | 10/01/46 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 240277 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 05/01/28  | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 265872 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 05/01/29  | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 413245 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 12/01/29  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 122839 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 05/01/30  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 48319 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 05/01/31  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 119331 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 05/01/32  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 65560 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 05/01/35 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 262682 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 564473 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 12/01/36 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 161240 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 595000 | &nbsp;&nbsp; 629837 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.25% | 05/01/38 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1066204 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 12/01/38 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 195947 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.25% | 05/01/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104985 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.50% | 05/01/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 518387 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 C  | 5.00% | 12/01/40 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2088295 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 C  | 5.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 265718 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 C  | 5.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1523748 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/28  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1042636 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/30  | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 311390 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/31  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10848 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/33  | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 356945 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 134373 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/38 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 373660 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/40 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 89651 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/41 *(a)* | &nbsp;&nbsp; 1235000 | &nbsp;&nbsp; 1294111 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.25% | 05/01/43 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 42151 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.25% | 05/01/44 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 83724 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 4.25% | 05/01/46 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 904912 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.25% | 05/01/48 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1276595 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.25% | 09/01/31  | &nbsp;&nbsp; 1665000 | &nbsp;&nbsp; 1831617 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 D  | 5.00% | 09/01/37 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1343518 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 F  | 5.25% | 09/01/46 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1032075 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 F  | 5.25% | 09/01/47 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2050682 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 B  | 5.00% | 04/01/31 *(e)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2167974 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 C  | 5.00% | 04/01/29 *(e)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1057650 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 C  | 5.00% | 04/01/42 *(a)(e)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1050959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 02/01/27  | &nbsp;&nbsp; 4730000 | &nbsp;&nbsp; 4815646 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 02/01/28 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 5.00% | 02/01/29 *(a)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 411300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 02/01/30 *(a)(c)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 136001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 4.00% | 02/01/31 *(a)(c)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 301949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018 A  | 5.00% | 10/01/27  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 128965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018 A  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 575000 | &nbsp;&nbsp; 600927 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018 B  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104509 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B  | 5.00% | 03/01/27  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 509956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B  | 5.00% | 03/01/28  | &nbsp;&nbsp; 655000 | &nbsp;&nbsp; 680929 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B  | 5.00% | 03/01/33 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 162717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 5.00% | 07/01/26  | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 437358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 5.00% | 07/01/27  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77006 |

---

**208**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 5.00% | 07/01/28  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 120245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 5.00% | 07/01/29  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 217735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 5.00% | 07/01/31  | &nbsp;&nbsp; 1110000 | &nbsp;&nbsp; 1205793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 5.00% | 07/01/32  | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 246095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 4080000 | &nbsp;&nbsp; 4433965 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 1005000 | &nbsp;&nbsp; 1070803 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 D  | 4.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 252496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/01/27  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 509102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/01/28  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/01/29  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 89728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/01/30  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/01/31  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 43296 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/01/34  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1087884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106464 |
| **State of Illinois Sales Tax Revenue** | **State of Illinois Sales Tax Revenue** | **State of Illinois Sales Tax Revenue** | **State of Illinois Sales Tax Revenue** | **State of Illinois Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 06/15/30  | &nbsp;&nbsp; 645000 | &nbsp;&nbsp; 698994 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 06/15/32  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27619 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 06/15/33  | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 360744 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 282116 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 416753 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 434754 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 06/15/38 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 647189 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 634944 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.00% | 06/15/42 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 738190 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 06/15/27  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1028046 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 06/15/28  | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 230812 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 06/15/32  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 121525 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 06/15/34  | &nbsp;&nbsp; 1060000 | &nbsp;&nbsp; 1181816 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109578 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 539060 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1078121 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 85610 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 C  | 5.00% | 06/15/42 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 795020 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 C  | 5.00% | 06/15/43 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 89767 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 C  | 5.00% | 06/15/44 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 130965 |
| **Village of Rosemont** | **Village of Rosemont** | **Village of Rosemont** | **Village of Rosemont** | **Village of Rosemont** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 12/01/46 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150163 |
| **Village of Schaumburg** | **Village of Schaumburg** | **Village of Schaumburg** | **Village of Schaumburg** | **Village of Schaumburg** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2013 A  | 4.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 49989 |
|  |  |  |  | &nbsp;&nbsp; **189646695** |
| **INDIANA** 0.5%  | **INDIANA** 0.5%  | **INDIANA** 0.5%  | **INDIANA** 0.5%  | **INDIANA** 0.5%  |
| **Allen County Building Corp.** | **Allen County Building Corp.** | **Allen County Building Corp.** | **Allen County Building Corp.** | **Allen County Building Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 4.00% | 07/15/44 *(a)(c)* | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 1027326 |
| **Carmel Local Public Improvement Bond Bank** | **Carmel Local Public Improvement Bond Bank** | **Carmel Local Public Improvement Bond Bank** | **Carmel Local Public Improvement Bond Bank** | **Carmel Local Public Improvement Bond Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016  | 5.00% | 01/15/36 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 256265 |
| **Fishers Town Hall Building Corp.** | **Fishers Town Hall Building Corp.** | **Fishers Town Hall Building Corp.** | **Fishers Town Hall Building Corp.** | **Fishers Town Hall Building Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.75% | 07/15/58 *(a)(c)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 812440 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.75% | 01/15/63 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270814 |

---

**209**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Hamilton County Public Building Corp.** | **Hamilton County Public Building Corp.** | **Hamilton County Public Building Corp.** | **Hamilton County Public Building Corp.** | **Hamilton County Public Building Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 4.00% | 01/10/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 87032 |
| **Indiana Finance Authority** | **Indiana Finance Authority** | **Indiana Finance Authority** | **Indiana Finance Authority** | **Indiana Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Deaconess Health System Obligated Group Series 2016 A  | 4.00% | 03/01/44 *(a)(b)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 145789 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2019 A  | 5.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62931 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2019 A  | 5.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31216 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2019 A  | 5.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 5755000 | &nbsp;&nbsp; 5980790 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB CWA Authority, Inc. Series 2021 1  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 190884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB CWA Authority, Inc. Series 2021 1  | 4.00% | 10/01/35 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB CWA Authority, Inc. Series 2021 1  | 4.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Department of Transportation Series 2016 C  | 5.00% | 06/01/27 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 132013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Department of Transportation Series 2016 C  | 5.00% | 06/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Department of Transportation Series 2016 C  | 5.00% | 06/01/29  | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 182170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Marion County Capital Improvement Board Series 2022 A  | 5.00% | 02/01/30  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 540916 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Marion County Capital Improvement Board Series 2022 A  | 5.00% | 02/01/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54825 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Marion County Capital Improvement Board Series 2022 A  | 5.00% | 02/01/32  | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 132984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Marion County Capital Improvement Board Series 2022 A  | 5.00% | 02/01/33 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Marion County Capital Improvement Board Series 2022 A  | 4.00% | 02/01/34 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Marion County Capital Improvement Board Series 2022 A  | 5.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 283256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Marion County Capital Improvement Board Series 2022 A  | 4.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 116859 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State Revolving Fund Series 2017 C  | 5.00% | 02/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State Revolving Fund Series 2025 D  | 5.00% | 02/01/28  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 120194 |
| **Indiana Municipal Power Agency** | **Indiana Municipal Power Agency** | **Indiana Municipal Power Agency** | **Indiana Municipal Power Agency** | **Indiana Municipal Power Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/33 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 135449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 215181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 605000 | &nbsp;&nbsp; 618225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/43 *(a)* | &nbsp;&nbsp; 695000 | &nbsp;&nbsp; 743114 |
| **Indiana University** | **Indiana University** | **Indiana University** | **Indiana University** | **Indiana University** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 06/01/34 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 256505 |
| **Indianapolis Local Public Improvement Bond Bank** | **Indianapolis Local Public Improvement Bond Bank** | **Indianapolis Local Public Improvement Bond Bank** | **Indianapolis Local Public Improvement Bond Bank** | **Indianapolis Local Public Improvement Bond Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1999 E  | 3.25% | 02/01/28 *(c)(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 235596 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153044 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 02/01/49 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 202106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 06/01/37 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1013659 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 4.00% | 02/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 91485 |
| **Merrillville Multi School Building Corp.** | **Merrillville Multi School Building Corp.** | **Merrillville Multi School Building Corp.** | **Merrillville Multi School Building Corp.** | **Merrillville Multi School Building Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Merrillville Community School Corp. Series 2022  | 5.00% | 01/15/42 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264611 |
| **Northern Indiana Commuter Transportation District** | **Northern Indiana Commuter Transportation District** | **Northern Indiana Commuter Transportation District** | **Northern Indiana Commuter Transportation District** | **Northern Indiana Commuter Transportation District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 01/01/54 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1024595 |
| **Purdue University** | **Purdue University** | **Purdue University** | **Purdue University** | **Purdue University** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33992 |
|  |  |  |  | &nbsp;&nbsp; **15906869** |
| **IOWA** 0.1%  | **IOWA** 0.1%  | **IOWA** 0.1%  | **IOWA** 0.1%  | **IOWA** 0.1%  |
| **Iowa Finance Authority** | **Iowa Finance Authority** | **Iowa Finance Authority** | **Iowa Finance Authority** | **Iowa Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2024 A  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 575000 | &nbsp;&nbsp; 656720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State Revolving Fund Series 2017  | 5.00% | 08/01/27  | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 263570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State Revolving Fund Series 2023 A  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 56586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State Revolving Fund Series 2023 A  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 140505 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State Revolving Fund Series 2023 A  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 39014 |

---

**210**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Iowa Higher Education Loan Authority** | **Iowa Higher Education Loan Authority** | **Iowa Higher Education Loan Authority** | **Iowa Higher Education Loan Authority** | **Iowa Higher Education Loan Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Grinnell College Series 2017  | 5.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100324 |
| **State of Iowa** | **State of Iowa** | **State of Iowa** | **State of Iowa** | **State of Iowa** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 06/01/27 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 06/01/28 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 145542 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 06/01/32 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 212462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 06/01/33 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 06/01/34 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 152931 |
|  |  |  |  | &nbsp;&nbsp; **1973836** |
| **KANSAS** 0.3%  | **KANSAS** 0.3%  | **KANSAS** 0.3%  | **KANSAS** 0.3%  | **KANSAS** 0.3%  |
| **Ellis County Unified School District No. 489 Hays** | **Ellis County Unified School District No. 489 Hays** | **Ellis County Unified School District No. 489 Hays** | **Ellis County Unified School District No. 489 Hays** | **Ellis County Unified School District No. 489 Hays** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B  | 5.00% | 09/01/42 *(a)(c)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 115789 |
| **Kansas Development Finance Authority** | **Kansas Development Finance Authority** | **Kansas Development Finance Authority** | **Kansas Development Finance Authority** | **Kansas Development Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Kansas Athletics, Inc. Series 2025 C-1  | 4.50% | 09/01/54 *(a)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 3882700 |
| **State of Kansas Department of Transportation** | **State of Kansas Department of Transportation** | **State of Kansas Department of Transportation** | **State of Kansas Department of Transportation** | **State of Kansas Department of Transportation** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/32  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 146473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/33  | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1705586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 351662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 09/01/27  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2071599 |
| **Wyandotte County Unified School District No. 500 Kansas City** | **Wyandotte County Unified School District No. 500 Kansas City** | **Wyandotte County Unified School District No. 500 Kansas City** | **Wyandotte County Unified School District No. 500 Kansas City** | **Wyandotte County Unified School District No. 500 Kansas City** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 5.50% | 09/01/47 *(a)(b)* | &nbsp;&nbsp; 645000 | &nbsp;&nbsp; 653137 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.25% | 09/01/55 *(a)(c)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 97804 |
|  |  |  |  | &nbsp;&nbsp; **9024750** |
| **KENTUCKY** 0.6%  | **KENTUCKY** 0.6%  | **KENTUCKY** 0.6%  | **KENTUCKY** 0.6%  | **KENTUCKY** 0.6%  |
| **Commonwealth of Kentucky** | **Commonwealth of Kentucky** | **Commonwealth of Kentucky** | **Commonwealth of Kentucky** | **Commonwealth of Kentucky** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2018 A  | 4.00% | 04/15/48 *(a)* | &nbsp;&nbsp; 635000 | &nbsp;&nbsp; 571202 |
| **Kentucky Asset Liability Commission** | **Kentucky Asset Liability Commission** | **Kentucky Asset Liability Commission** | **Kentucky Asset Liability Commission** | **Kentucky Asset Liability Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/26  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 504610 |
| **Kentucky Bond Development Corp.** | **Kentucky Bond Development Corp.** | **Kentucky Bond Development Corp.** | **Kentucky Bond Development Corp.** | **Kentucky Bond Development Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 4.00% | 09/01/48 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 536269 |
| **Kentucky Economic Development Finance Authority** | **Kentucky Economic Development Finance Authority** | **Kentucky Economic Development Finance Authority** | **Kentucky Economic Development Finance Authority** | **Kentucky Economic Development Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 4.00% | 12/01/41 *(a)(c)* | &nbsp;&nbsp; 1180000 | &nbsp;&nbsp; 1143188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 12/01/45 *(a)(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75552 |
| **Kentucky Municipal Power Agency** | **Kentucky Municipal Power Agency** | **Kentucky Municipal Power Agency** | **Kentucky Municipal Power Agency** | **Kentucky Municipal Power Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 A  | 4.00% | 09/01/39 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 464522 |
| **Kentucky State Property & Building Commission** | **Kentucky State Property & Building Commission** | **Kentucky State Property & Building Commission** | **Kentucky State Property & Building Commission** | **Kentucky State Property & Building Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Kentucky Series 2024 A  | 5.00% | 10/01/32  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27973 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Kentucky Series 2024 A  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 162860 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Kentucky Series 2024 A  | 5.00% | 10/01/40 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 65734 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Kentucky Series 2024 A  | 5.00% | 10/01/42 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 540754 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Kentucky Series 2025 A  | 5.00% | 09/01/35  | &nbsp;&nbsp; 2405000 | &nbsp;&nbsp; 2731883 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Kentucky Series 2025 A  | 5.00% | 04/01/38 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 83617 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Kentucky Series 2025 A  | 5.00% | 09/01/40 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2202843 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Kentucky Series 2025 A  | 5.00% | 04/01/41 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2187492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Kentucky Series 2016 B  | 5.00% | 11/01/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Kentucky Series 2016 B  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 635000 | &nbsp;&nbsp; 644300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Kentucky Series 2024 B  | 5.00% | 11/01/26  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76045 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Kentucky Series 2024 B  | 5.00% | 11/01/28  | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 365410 |

---

**211**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** | **Louisville & Jefferson County Metropolitan Sewer District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 3.00% | 05/15/46 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 594552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 C  | 5.00% | 05/15/51 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 05/15/37 *(a)* | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp; 6707833 |
| **Louisville & Jefferson County Visitors & Convention Commission** | **Louisville & Jefferson County Visitors & Convention Commission** | **Louisville & Jefferson County Visitors & Convention Commission** | **Louisville & Jefferson County Visitors & Convention Commission** | **Louisville & Jefferson County Visitors & Convention Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016  | 3.13% | 06/01/41 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 427033 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016  | 3.13% | 06/01/46 *(a)(c)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 213561 |
| **Scott County School District Finance Corp.** | **Scott County School District Finance Corp.** | **Scott County School District Finance Corp.** | **Scott County School District Finance Corp.** | **Scott County School District Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Board of Education Series 2022  | 4.00% | 09/01/45 *(a)(c)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 38208 |
| **University of Kentucky** | **University of Kentucky** | **University of Kentucky** | **University of Kentucky** | **University of Kentucky** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 4.13% | 10/01/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 436131 |
|  |  |  |  | &nbsp;&nbsp; **21209446** |
| **LOUISIANA** 0.2%  | **LOUISIANA** 0.2%  | **LOUISIANA** 0.2%  | **LOUISIANA** 0.2%  | **LOUISIANA** 0.2%  |
| **City of Shreveport Water & Sewer Revenue** | **City of Shreveport Water & Sewer Revenue** | **City of Shreveport Water & Sewer Revenue** | **City of Shreveport Water & Sewer Revenue** | **City of Shreveport Water & Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 12/01/49 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 43756 |
| **East Baton Rouge Sewerage Commission** | **East Baton Rouge Sewerage Commission** | **East Baton Rouge Sewerage Commission** | **East Baton Rouge Sewerage Commission** | **East Baton Rouge Sewerage Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 4.00% | 02/01/40 *(a)* | &nbsp;&nbsp; 485000 | &nbsp;&nbsp; 485322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 4.00% | 02/01/45 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 288822 |
| **Lafayette Parish School Board Sale Tax Revenue** | **Lafayette Parish School Board Sale Tax Revenue** | **Lafayette Parish School Board Sale Tax Revenue** | **Lafayette Parish School Board Sale Tax Revenue** | **Lafayette Parish School Board Sale Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 4.00% | 04/01/53 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 66054 |
| **Louisiana Local Government Environmental Facilities & Community Development Authority** | **Louisiana Local Government Environmental Facilities & Community Development Authority** | **Louisiana Local Government Environmental Facilities & Community Development Authority** | **Louisiana Local Government Environmental Facilities & Community Development Authority** | **Louisiana Local Government Environmental Facilities & Community Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Louisiana Insurance Guaranty Association Series 2022 B  | 5.00% | 08/15/29 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 107775 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Louisiana Insurance Guaranty Association Series 2022 B  | 5.00% | 08/15/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102507 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Louisiana Insurance Guaranty Association Series 2022 B  | 5.00% | 08/15/31 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 174036 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Louisiana Insurance Guaranty Association Series 2022 B  | 5.00% | 08/15/34 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 81518 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Louisiana Insurance Guaranty Association Series 2022 B  | 5.00% | 08/15/35 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76269 |
| **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** | **Louisiana Public Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Loyola University New Orleans Series 2023 A  | 5.25% | 10/01/53 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 171946 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Tulane University Series 2020 A  | 5.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 307131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Tulane University Series 2023 A  | 5.00% | 10/15/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Tulane University Series 2023 A  | 5.00% | 10/15/52 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 296125 |
| **Louisiana Stadium & Exposition District** | **Louisiana Stadium & Exposition District** | **Louisiana Stadium & Exposition District** | **Louisiana Stadium & Exposition District** | **Louisiana Stadium & Exposition District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.25% | 07/01/53 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1132239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023A  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1027414 |
| **Louisiana State Citizens Property Insurance Corp.** | **Louisiana State Citizens Property Insurance Corp.** | **Louisiana State Citizens Property Insurance Corp.** | **Louisiana State Citizens Property Insurance Corp.** | **Louisiana State Citizens Property Insurance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 06/01/26  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150560 |
| **New Orleans Aviation Board** | **New Orleans Aviation Board** | **New Orleans Aviation Board** | **New Orleans Aviation Board** | **New Orleans Aviation Board** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Parking Facilities Corp. Series 2018 A  | 5.00% | 10/01/48 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251655 |
| **State of Louisiana** | **State of Louisiana** | **State of Louisiana** | **State of Louisiana** | **State of Louisiana** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 E  | 5.00% | 09/01/31  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 11131 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 E  | 5.00% | 09/01/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 08/01/26  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151168 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 A  | 5.00% | 02/01/30  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 38024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 A  | 5.00% | 02/01/34  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 142259 |
| **State of Louisiana Gasoline & Fuels Tax Revenue** | **State of Louisiana Gasoline & Fuels Tax Revenue** | **State of Louisiana Gasoline & Fuels Tax Revenue** | **State of Louisiana Gasoline & Fuels Tax Revenue** | **State of Louisiana Gasoline & Fuels Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 88914 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 05/01/39 *(a)* | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 1145702 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 05/01/33  | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 851206 |
|  |  |  |  | &nbsp;&nbsp; **7558564** |

---

**212**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **MAINE** 0.0%  | **MAINE** 0.0%  | **MAINE** 0.0%  | **MAINE** 0.0%  | **MAINE** 0.0%  |
| **Maine Health & Higher Educational Facilities Authority** | **Maine Health & Higher Educational Facilities Authority** | **Maine Health & Higher Educational Facilities Authority** | **Maine Health & Higher Educational Facilities Authority** | **Maine Health & Higher Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Northeastern University Series 2024 B  | 5.25% | 10/01/54 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; **464545** |
| **MARYLAND** 1.7%  | **MARYLAND** 1.7%  | **MARYLAND** 1.7%  | **MARYLAND** 1.7%  | **MARYLAND** 1.7%  |
| **City of Baltimore** | **City of Baltimore** | **City of Baltimore** | **City of Baltimore** | **City of Baltimore** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Wastewater Utility Fund Series 2017 A  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100185 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Wastewater Utility Fund Series 2019 A  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151862 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Utility Fund Series 2019 A  | 4.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 631821 |
| **County of Baltimore** | **County of Baltimore** | **County of Baltimore** | **County of Baltimore** | **County of Baltimore** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/52 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1043888 |
| **County of Montgomery** | **County of Montgomery** | **County of Montgomery** | **County of Montgomery** | **County of Montgomery** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 10/01/26  | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 146941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 10/01/27  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 88346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 B  | 5.00% | 12/01/26  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25444 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 B  | 5.00% | 12/01/27  | &nbsp;&nbsp; 575000 | &nbsp;&nbsp; 600041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 B  | 5.00% | 12/01/32  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 282732 |
| **County of Prince George's** | **County of Prince George's** | **County of Prince George's** | **County of Prince George's** | **County of Prince George's** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 07/15/27  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 108360 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 07/15/28  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21113 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 07/15/29 *(a)* | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 495675 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 4.00% | 07/15/30 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25631 |
| **Maryland Stadium Authority** | **Maryland Stadium Authority** | **Maryland Stadium Authority** | **Maryland Stadium Authority** | **Maryland Stadium Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Baltimore City Public School Construction Financing Fund Series 2016  | 5.00% | 05/01/46 *(a)(b)* | &nbsp;&nbsp; 1550000 | &nbsp;&nbsp; 1553257 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Baltimore City Public School Construction Financing Fund Series 2018 A  | 5.00% | 05/01/42 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 209646 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Built to Learn Revenue Series 2021  | 4.00% | 06/01/46 *(a)* | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 477951 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Built to Learn Revenue Series 2021  | 2.75% | 06/01/51 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 66403 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Built to Learn Revenue Series 2022 A  | 4.00% | 06/01/47 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 291457 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Built to Learn Revenue Series 2024  | 5.00% | 06/01/54 *(a)* | &nbsp;&nbsp; 1850000 | &nbsp;&nbsp; 1883798 |
| **Maryland State Transportation Authority** | **Maryland State Transportation Authority** | **Maryland State Transportation Authority** | **Maryland State Transportation Authority** | **Maryland State Transportation Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 4.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 136365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 188819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154093 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 140354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/33  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 56627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 34027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 3795000 | &nbsp;&nbsp; 4210337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 126841 |
| **State of Maryland** | **State of Maryland** | **State of Maryland** | **State of Maryland** | **State of Maryland** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 1st  | 3.00% | 06/01/31 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 293142 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 08/01/27  | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 413336 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 03/15/29 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 307023 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 46447 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 4.00% | 03/15/30 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35401 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 4.00% | 08/01/30 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 258950 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 3.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24837 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 3.25% | 03/15/32 *(a)* | &nbsp;&nbsp; 1175000 | &nbsp;&nbsp; 1175826 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 2  | 4.00% | 08/01/32 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25582 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 03/15/28  | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 204412 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 1st  | 5.00% | 03/15/27  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 92169 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 1st  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 47897 |

---

**213**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 08/01/26  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201660 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 08/01/27  | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 361669 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 08/01/28  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26423 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 08/01/30 *(a)* | &nbsp;&nbsp; 1275000 | &nbsp;&nbsp; 1370547 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 610000 | &nbsp;&nbsp; 653545 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 2.13% | 08/01/33 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 259538 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 2.25% | 08/01/34 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88806 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/27  | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 304835 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/28  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36992 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/30  | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 514803 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 283810 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 221904 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 69863 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 03/01/31  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110450 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 08/01/31  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 88898 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 08/01/32 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 121802 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 03/01/35 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 255716 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 135378 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77002 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 06/01/27  | &nbsp;&nbsp; 1035000 | &nbsp;&nbsp; 1065301 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 06/01/28  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31594 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 06/01/29  | &nbsp;&nbsp; 1600000 | &nbsp;&nbsp; 1717562 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 06/01/30  | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 775628 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 06/01/33 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 212403 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 06/01/34 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 289256 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 06/01/35 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 166051 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 06/01/36 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 137574 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 06/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 218906 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 03/15/30  | &nbsp;&nbsp; 1260000 | &nbsp;&nbsp; 1371740 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 03/15/32  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 224170 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 03/15/33  | &nbsp;&nbsp; 3650000 | &nbsp;&nbsp; 4137410 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 03/15/34 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 45098 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110731 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 03/15/38 *(a)* | &nbsp;&nbsp; 5505000 | &nbsp;&nbsp; 6051165 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 06/01/31  | &nbsp;&nbsp; 825000 | &nbsp;&nbsp; 914543 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 06/01/35 *(a)* | &nbsp;&nbsp; 4455000 | &nbsp;&nbsp; 5071517 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 06/01/36 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 169500 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 06/01/37 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 61715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2015 B  | 4.00% | 08/01/26  | &nbsp;&nbsp; 785000 | &nbsp;&nbsp; 788932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 B  | 5.00% | 08/01/26  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 186536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 B  | 5.00% | 08/01/27  | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 242835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 B  | 5.00% | 08/01/28  | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 174389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 C  | 4.00% | 03/01/29  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 D  | 4.00% | 08/01/29  | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 177492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 08/01/26  | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1109132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 08/01/27  | &nbsp;&nbsp; 1090000 | &nbsp;&nbsp; 1126341 |
| **State of Maryland Department of Transportation** | **State of Maryland Department of Transportation** | **State of Maryland Department of Transportation** | **State of Maryland Department of Transportation** | **State of Maryland Department of Transportation** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 5.00% | 09/01/26  | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 378975 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 5.00% | 09/01/27  | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 186316 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 5.00% | 09/01/29 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56834 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 3.00% | 09/01/31 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 496565 |

---

**214**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 3.00% | 09/01/32 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 301195 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 10/01/26  | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 288600 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85985 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 3.50% | 10/01/33 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 249875 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 10/01/27  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25928 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 305651 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 3.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 249273 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 2.13% | 10/01/31 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 263594 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 2.50% | 10/01/33 *(a)* | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 179372 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 3.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 124113 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 5.00% | 10/01/31 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21871 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 5.00% | 10/01/32 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 545003 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37838 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 2.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 85664 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 3.00% | 10/01/35 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 709250 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 2.13% | 10/01/36 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 189979 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 564653 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1107651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 11/01/28  | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 850009 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 11/01/29  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2165468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 C  | 5.00% | 11/01/30  | &nbsp;&nbsp; 1145000 | &nbsp;&nbsp; 1259000 |
| **Washington Suburban Sanitary Commission** | **Washington Suburban Sanitary Commission** | **Washington Suburban Sanitary Commission** | **Washington Suburban Sanitary Commission** | **Washington Suburban Sanitary Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2013 A  | 2.85% | 06/01/27 *(a)(c)(f)* | &nbsp;&nbsp; 1780000 | &nbsp;&nbsp; 1780000 |
|  |  |  |  | &nbsp;&nbsp; **60478047** |
| **MASSACHUSETTS** 4.5%  | **MASSACHUSETTS** 4.5%  | **MASSACHUSETTS** 4.5%  | **MASSACHUSETTS** 4.5%  | **MASSACHUSETTS** 4.5%  |
| **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** | **Commonwealth of Massachusetts** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2006 E  | 5.00% | 11/01/26 *(c)* | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5075 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015  | 4.00% | 05/01/45 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 156208 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015 E  | 3.25% | 09/01/38 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1030364 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015 E  | 3.25% | 09/01/40 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 343717 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 E  | 3.00% | 04/01/41 *(a)* | &nbsp;&nbsp; 2830000 | &nbsp;&nbsp; 2425282 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 E  | 4.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 506284 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 E  | 3.00% | 04/01/44 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 269498 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 E  | 4.00% | 04/01/46 *(a)* | &nbsp;&nbsp; 665000 | &nbsp;&nbsp; 625135 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 G  | 4.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 115160 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 G  | 4.00% | 09/01/42 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1719790 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 G  | 3.00% | 09/01/46 *(a)* | &nbsp;&nbsp; 1850000 | &nbsp;&nbsp; 1436406 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 H  | 5.00% | 12/01/26  | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 534006 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 J  | 4.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 306182 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 J  | 4.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 236418 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 04/01/47 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35265 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 B  | 5.00% | 04/01/47 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 120910 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 5.00% | 02/01/34 *(a)* | &nbsp;&nbsp; 590000 | &nbsp;&nbsp; 599822 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 5.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 65955 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 3.25% | 02/01/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 233030 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 3.50% | 02/01/40 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 102805 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 4.00% | 02/01/46 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 235079 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 E  | 3.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 110989 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 E  | 3.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 505395 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 F  | 5.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102245 |

---

**215**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 F  | 5.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 510311 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 F  | 5.00% | 11/01/43 *(a)* | &nbsp;&nbsp; 8665000 | &nbsp;&nbsp; 8832194 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20714 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 01/01/40 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25648 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 01/01/41 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25603 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B  | 5.00% | 01/01/31 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10401 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B  | 5.00% | 01/01/32 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 166214 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 D  | 4.00% | 05/01/48 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 182942 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 E  | 5.00% | 09/01/38 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51902 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 01/01/32 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 286267 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5223148 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 01/01/49 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15241 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 C  | 5.00% | 05/01/39 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 523136 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 C  | 5.00% | 05/01/40 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26097 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 C  | 5.00% | 05/01/41 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260399 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 C  | 5.00% | 05/01/42 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 93521 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 C  | 5.00% | 05/01/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154791 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 C  | 5.00% | 05/01/45 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 159423 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 G  | 3.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 143121 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 2.00% | 03/01/34 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 30928 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 2.50% | 03/01/43 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 292855 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 3.00% | 03/01/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 383029 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 3.00% | 03/01/48 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 261126 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 2.75% | 03/01/50 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 104347 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D  | 5.00% | 07/01/30  | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 208479 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D  | 5.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273164 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D  | 3.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 191318 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 322047 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D  | 3.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1064056 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 111167 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D  | 5.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103844 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 E  | 5.00% | 11/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260304 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 E  | 5.00% | 11/01/50 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 306423 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 3.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 472190 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 B  | 2.00% | 04/01/50 *(a)* | &nbsp;&nbsp; 1285000 | &nbsp;&nbsp; 779785 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 5.00% | 09/01/30  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 550134 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 5.00% | 09/01/31  | &nbsp;&nbsp; 430000 | &nbsp;&nbsp; 480469 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 2.38% | 09/01/47 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 36955 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 D  | 5.00% | 09/01/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256216 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 02/01/31  | &nbsp;&nbsp; 1010000 | &nbsp;&nbsp; 1118538 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 02/01/32  | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 72958 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 4.00% | 02/01/34 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 199077 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 3.00% | 02/01/48 *(a)* | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp; 1060191 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.00% | 10/01/32  | &nbsp;&nbsp; 2625000 | &nbsp;&nbsp; 2970282 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.00% | 10/01/35 *(a)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 581780 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 840000 | &nbsp;&nbsp; 920150 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.25% | 10/01/47 *(a)* | &nbsp;&nbsp; 920000 | &nbsp;&nbsp; 969242 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 215277 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 D  | 5.00% | 11/01/31  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 100812 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 E  | 5.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 182231 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 E  | 5.00% | 11/01/48 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 673184 |

---

**216**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 E  | 5.00% | 11/01/52 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 128171 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 05/01/26  | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 225482 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 05/01/48 *(a)* | &nbsp;&nbsp; 3565000 | &nbsp;&nbsp; 3700425 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 05/01/53 *(a)* | &nbsp;&nbsp; 5375000 | &nbsp;&nbsp; 5512595 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 10/01/33  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 45661 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 39037 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 C  | 5.00% | 10/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105193 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 D  | 5.00% | 10/01/50 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2065992 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 D  | 5.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102838 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 D  | 5.00% | 10/01/53 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205381 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/27  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101926 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/34  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 285258 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 50602 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 205309 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 16550 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/40 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 219510 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/41 *(a)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 872153 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103683 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/54 *(a)* | &nbsp;&nbsp; 2160000 | &nbsp;&nbsp; 2217513 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33558 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/39 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33154 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 05/01/46 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36936 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 E  | 5.00% | 08/01/54 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 128536 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 G  | 5.00% | 12/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110463 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 G  | 5.00% | 12/01/35 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 68284 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 H  | 5.00% | 12/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1107962 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 H  | 5.00% | 12/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272817 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 H  | 5.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 159915 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 I  | 5.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1040432 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 04/01/55 *(a)* | &nbsp;&nbsp; 6225000 | &nbsp;&nbsp; 6407440 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 B  | 5.00% | 06/01/33  | &nbsp;&nbsp; 3250000 | &nbsp;&nbsp; 3698229 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 06/01/49 *(a)* | &nbsp;&nbsp; 1300000 | &nbsp;&nbsp; 1357023 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 G  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 218551 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 G  | 5.00% | 12/01/55 *(a)* | &nbsp;&nbsp; 1030000 | &nbsp;&nbsp; 1061904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2004 A  | 5.50% | 08/01/30 *(c)* | &nbsp;&nbsp; 1205000 | &nbsp;&nbsp; 1334259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2015 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85548 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 07/01/27  | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 361133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 07/01/28  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 158353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25147 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 10/01/26  | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1772633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 10/01/27  | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 217982 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 D  | 5.00% | 07/01/27  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 515904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 D  | 5.00% | 07/01/28  | &nbsp;&nbsp; 725000 | &nbsp;&nbsp; 765374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 E  | 5.00% | 11/01/26  | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 142106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 E  | 5.00% | 11/01/27  | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 150804 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018 B  | 5.00% | 07/01/28  | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 538401 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018 B  | 5.00% | 07/01/29  | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 253266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 E  | 3.00% | 12/01/26  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 B  | 5.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 441291 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 D  | 4.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35583 |

---

**217**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 D  | 4.00% | 11/01/41 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 5.00% | 09/01/29  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 540580 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 A  | 5.00% | 09/01/30  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 A  | 5.00% | 10/01/29  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 81215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 A  | 5.00% | 10/01/30  | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 462740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 A  | 5.00% | 10/01/31  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 223756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 03/01/29  | &nbsp;&nbsp; 2150000 | &nbsp;&nbsp; 2301997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 03/01/31  | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 831655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 03/01/33  | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 908100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 03/01/34  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 114261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 157573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 03/01/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 03/01/42 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 32535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 B  | 5.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 166251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 B  | 5.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 191821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 B  | 5.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108602 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 765187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 395013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2005  | 5.50% | 01/01/27 *(b)(c)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 219464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2005  | 5.50% | 01/01/28 *(b)(c)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2005  | 5.50% | 01/01/34 *(c)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 686214 |
| **Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue** | **Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue** | **Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue** | **Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue** | **Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2014 A  | 5.00% | 06/15/27 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25037 |
| **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** | **Commonwealth of Massachusetts Transportation Fund Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 4.00% | 06/01/46 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 949919 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 06/01/49 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 511833 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 06/01/50 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 311470 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 06/01/50 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 292581 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.00% | 06/01/52 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 308158 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 06/01/53 *(a)* | &nbsp;&nbsp; 945000 | &nbsp;&nbsp; 972903 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 5.00% | 06/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260211 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 06/01/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516477 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 06/01/54 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3095841 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 06/01/55 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 144791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 06/01/26  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 06/01/42 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 203394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 06/01/43 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 137364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/01/44 *(a)* | &nbsp;&nbsp; 895000 | &nbsp;&nbsp; 962625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 06/01/45 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 483302 |
| **Greater Fall River Vocational School District** | **Greater Fall River Vocational School District** | **Greater Fall River Vocational School District** | **Greater Fall River Vocational School District** | **Greater Fall River Vocational School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 06/01/55 *(a)(c)* | &nbsp;&nbsp; 1095000 | &nbsp;&nbsp; 1105993 |
| **Massachusetts Bay Transportation Authority Assessment Revenue** | **Massachusetts Bay Transportation Authority Assessment Revenue** | **Massachusetts Bay Transportation Authority Assessment Revenue** | **Massachusetts Bay Transportation Authority Assessment Revenue** | **Massachusetts Bay Transportation Authority Assessment Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 07/01/26  | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70275 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 07/01/27 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125770 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A-1  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 82230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A-1  | 3.13% | 07/01/41 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 43575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A-2  | 5.00% | 07/01/52 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256328 |
| **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** | **Massachusetts Bay Transportation Authority Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2005 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 422687 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2005 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 247514 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2005 A  | 5.00% | 07/01/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55883 |

---

**218**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A-1  | 5.25% | 07/01/48 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31700 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A-1  | 4.00% | 07/01/53 *(a)* | &nbsp;&nbsp; 1015000 | &nbsp;&nbsp; 904653 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A-1  | 5.25% | 07/01/53 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1566737 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 4.75% | 07/01/55 *(a)* | &nbsp;&nbsp; 2295000 | &nbsp;&nbsp; 2288122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007 A-1  | 5.25% | 07/01/34 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 111537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 3.14% | 07/01/32 *(a)(d)* | &nbsp;&nbsp; 720000 | &nbsp;&nbsp; 585703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B-1  | 5.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2531247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 4.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 4.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 745000 | &nbsp;&nbsp; 750959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 4.00% | 07/01/51 *(a)* | &nbsp;&nbsp; 1450000 | &nbsp;&nbsp; 1294742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 384930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/35  | &nbsp;&nbsp; 765000 | &nbsp;&nbsp; 890457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 280836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 1825000 | &nbsp;&nbsp; 2037221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1629517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 4.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 244922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1573517 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.25% | 07/01/52 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262625 |
| **Massachusetts Clean Water Trust** | **Massachusetts Clean Water Trust** | **Massachusetts Clean Water Trust** | **Massachusetts Clean Water Trust** | **Massachusetts Clean Water Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2025 26B  | 5.00% | 02/01/43 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Massachusetts Clean Water State Revolving Fund Series 2026 27  | 5.00% | 02/01/45 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1085176 |
| **Massachusetts Department of Transportation** | **Massachusetts Department of Transportation** | **Massachusetts Department of Transportation** | **Massachusetts Department of Transportation** | **Massachusetts Department of Transportation** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1997 A  | 2.64% | 01/01/28 *(c)(d)* | &nbsp;&nbsp; 555000 | &nbsp;&nbsp; 527718 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1997 A  | 3.26% | 01/01/29 *(c)(d)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 36861 |
| **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** | **Massachusetts Development Finance Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Emerson College Series 2016 A  | 5.00% | 01/01/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 483817 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Massachusetts Institute of Technology Series 2020 P  | 5.00% | 07/01/50  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1087704 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB President & Fellows of Harvard College Series 2024 B  | 5.00% | 02/15/34 *(a)* | &nbsp;&nbsp; 5510000 | &nbsp;&nbsp; 6305721 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB President & Fellows of Harvard College Series 2024 B  | 4.00% | 02/15/36  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 531509 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Boston College Series 2021 V  | 5.00% | 07/01/55  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261078 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Boston University Series 2025 B-2  | 4.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 457160 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Boston University Series 2025 B-2  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1570834 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Broad Institute, Inc. Series 2017  | 4.00% | 04/01/41 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 476397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Northeastern University Series 2022  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 222633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Northeastern University Series 2022  | 5.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 527403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Northeastern University Series 2022  | 5.00% | 10/01/42 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 155379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Northeastern University Series 2022  | 5.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 355228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB President & Fellows of Harvard College Series 2016 A  | 5.00% | 07/15/26  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 277034 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB President & Fellows of Harvard College Series 2016 A  | 5.00% | 07/15/27 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 503635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB President & Fellows of Harvard College Series 2016 A  | 5.00% | 07/15/28 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 261714 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB President & Fellows of Harvard College Series 2016 A  | 4.00% | 07/15/29 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 185399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB President & Fellows of Harvard College Series 2016 A  | 5.00% | 07/15/34 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB President & Fellows of Harvard College Series 2016 A  | 4.00% | 07/15/36 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 546249 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB President & Fellows of Harvard College Series 2016 A  | 5.00% | 07/15/36  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 98623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB President & Fellows of Harvard College Series 2026 A  | 5.00% | 02/15/31 *(e)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2203133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Smith College Series 2025  | 5.00% | 07/01/35  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 290121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Suffolk University Series 2025  | 5.25% | 07/01/55 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2406340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Boston College Series 2017 T  | 4.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 82303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Boston College Series 2025 W  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Boston College Series 2025 W  | 4.25% | 07/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 931526 |

---

**219**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Boston College Series 2025 W  | 5.00% | 07/01/55 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257853 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Boston University Series 2023 FF  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260122 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Boston University Series 2025 B-1  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 279253 |
| **Massachusetts Health & Educational Facilities Authority** | **Massachusetts Health & Educational Facilities Authority** | **Massachusetts Health & Educational Facilities Authority** | **Massachusetts Health & Educational Facilities Authority** | **Massachusetts Health & Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Massachusetts Institute of Technology Series 2002 K  | 5.50% | 07/01/32  | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 110553 |
| **Massachusetts School Building Authority** | **Massachusetts School Building Authority** | **Massachusetts School Building Authority** | **Massachusetts School Building Authority** | **Massachusetts School Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 B  | 4.00% | 01/15/45 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200212 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 4.00% | 02/15/43 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 44016 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.25% | 02/15/48 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204711 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.25% | 02/15/48 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 358244 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 02/15/44 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 519756 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 08/15/45 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 234797 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 02/15/50 *(a)* | &nbsp;&nbsp; 1375000 | &nbsp;&nbsp; 1424030 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 02/15/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1021603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 02/15/31  | &nbsp;&nbsp; 1340000 | &nbsp;&nbsp; 1491990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 02/15/38 *(a)* | &nbsp;&nbsp; 1175000 | &nbsp;&nbsp; 1332404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 02/15/38  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1171267 |
| **Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue** | **Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue** | **Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue** | **Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue** | **Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 01/01/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 01/01/27  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25476 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 01/01/30 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 308824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 01/01/33 *(a)* | &nbsp;&nbsp; 580000 | &nbsp;&nbsp; 611970 |
| **Massachusetts Water Resources Authority** | **Massachusetts Water Resources Authority** | **Massachusetts Water Resources Authority** | **Massachusetts Water Resources Authority** | **Massachusetts Water Resources Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 C  | 5.00% | 08/01/30 *(a)(b)* | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5044 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 C  | 5.00% | 08/01/32 *(a)(b)* | &nbsp;&nbsp; 660000 | &nbsp;&nbsp; 665812 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 C  | 5.00% | 08/01/33 *(a)(b)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100881 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 C  | 5.00% | 08/01/40 *(a)(b)* | &nbsp;&nbsp; 775000 | &nbsp;&nbsp; 781825 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007 B  | 5.25% | 08/01/26 *(c)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 166561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007 B  | 5.25% | 08/01/28 *(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 159732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007 B  | 5.25% | 08/01/33 *(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 291015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 C  | 5.00% | 08/01/30 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 C  | 4.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 65027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 C  | 4.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 992797 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 D  | 3.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 41777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 92890 |
| **University of Massachusetts Building Authority** | **University of Massachusetts Building Authority** | **University of Massachusetts Building Authority** | **University of Massachusetts Building Authority** | **University of Massachusetts Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 1  | 5.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50042 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 1  | 5.25% | 11/01/42 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2555423 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 1  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 266940 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 1  | 5.00% | 11/01/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101611 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 1  | 4.00% | 11/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93698 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 1  | 5.00% | 11/01/52 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 66103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 1  | 5.00% | 11/01/28  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26563 |
|  |  |  |  | &nbsp;&nbsp; **160107221** |
| **MICHIGAN** 1.1%  | **MICHIGAN** 1.1%  | **MICHIGAN** 1.1%  | **MICHIGAN** 1.1%  | **MICHIGAN** 1.1%  |
| **City of Detroit** | **City of Detroit** | **City of Detroit** | **City of Detroit** | **City of Detroit** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 04/01/50 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 398488 |
| **City of Grand Rapids** | **City of Grand Rapids** | **City of Grand Rapids** | **City of Grand Rapids** | **City of Grand Rapids** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 04/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 509484 |

---

**220**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of Lansing** | **City of Lansing** | **City of Lansing** | **City of Lansing** | **City of Lansing** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 4.13% | 06/01/48 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 140047 |
| **Detroit City School District** | **Detroit City School District** | **Detroit City School District** | **Detroit City School District** | **Detroit City School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2005 A  | 5.25% | 05/01/30 *(c)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 136763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2005 A  | 5.25% | 05/01/32 *(c)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 372639 |
| **Eastern Michigan University** | **Eastern Michigan University** | **Eastern Michigan University** | **Eastern Michigan University** | **Eastern Michigan University** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 2.85% | 03/01/52 *(a)(c)(f)* | &nbsp;&nbsp; 4405000 | &nbsp;&nbsp; 4405000 |
| **Great Lakes Water Authority Sewage Disposal System Revenue** | **Great Lakes Water Authority Sewage Disposal System Revenue** | **Great Lakes Water Authority Sewage Disposal System Revenue** | **Great Lakes Water Authority Sewage Disposal System Revenue** | **Great Lakes Water Authority Sewage Disposal System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.50% | 07/01/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 521751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 C  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 327046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 221677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 218359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/33  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 45162 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1134560 |
| **Great Lakes Water Authority Water Supply System Revenue** | **Great Lakes Water Authority Water Supply System Revenue** | **Great Lakes Water Authority Water Supply System Revenue** | **Great Lakes Water Authority Water Supply System Revenue** | **Great Lakes Water Authority Water Supply System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 601160 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 07/01/47 *(a)* | &nbsp;&nbsp; 5090000 | &nbsp;&nbsp; 5310881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 D  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 D  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1130283 |
| **L'Anse Creuse Public Schools** | **L'Anse Creuse Public Schools** | **L'Anse Creuse Public Schools** | **L'Anse Creuse Public Schools** | **L'Anse Creuse Public Schools** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 I  | 5.00% | 05/01/49 *(a)(c)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41229 |
| **Lansing Board of Water & Light** | **Lansing Board of Water & Light** | **Lansing Board of Water & Light** | **Lansing Board of Water & Light** | **Lansing Board of Water & Light** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 1055000 | &nbsp;&nbsp; 1069815 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 180068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/54 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 86084 |
| **Michigan Finance Authority** | **Michigan Finance Authority** | **Michigan Finance Authority** | **Michigan Finance Authority** | **Michigan Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB County of Wayne Series 2018  | 4.00% | 11/01/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89107 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Drinking Water Revolving Fund Series 2024 A  | 4.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 477384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Clean Water Revolving Fund Series 2016 B  | 5.00% | 10/01/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101133 |
| **Michigan State Building Authority** | **Michigan State Building Authority** | **Michigan State Building Authority** | **Michigan State Building Authority** | **Michigan State Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 I  | 4.00% | 10/15/46 *(a)* | &nbsp;&nbsp; 705000 | &nbsp;&nbsp; 650432 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 I  | 4.00% | 10/15/52 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 218592 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 I  | 5.00% | 10/15/30 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 I  | 5.00% | 10/15/31 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 384372 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 I  | 5.00% | 10/15/32 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 495449 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 I  | 5.00% | 04/15/41 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 191337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 I  | 5.00% | 10/15/46 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70275 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 I  | 4.00% | 04/15/54 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 218067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 I  | 3.00% | 10/15/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 77875 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 I  | 5.00% | 04/15/28  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2098379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 I  | 5.00% | 04/15/32  | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 240850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 I  | 5.00% | 10/15/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 I  | 5.25% | 04/15/60 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261421 |
| **Michigan State University** | **Michigan State University** | **Michigan State University** | **Michigan State University** | **Michigan State University** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 02/15/44 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 98393 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 08/15/46 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 160995 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 08/15/49 *(a)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 400488 |

---

**221**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 08/15/54 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 02/15/55 *(a)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 273010 |
| **State of Michigan** | **State of Michigan** | **State of Michigan** | **State of Michigan** | **State of Michigan** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 5.00% | 03/15/27  | &nbsp;&nbsp; 640000 | &nbsp;&nbsp; 654934 |
| **State of Michigan Trunk Line Revenue** | **State of Michigan Trunk Line Revenue** | **State of Michigan Trunk Line Revenue** | **State of Michigan Trunk Line Revenue** | **State of Michigan Trunk Line Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 11/15/27  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 213332 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 11/15/28  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265579 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 11/15/29  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 146172 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 11/15/30  | &nbsp;&nbsp; 780000 | &nbsp;&nbsp; 858505 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 11/15/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109481 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 11/15/32 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54490 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 4.00% | 11/15/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101762 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 4.00% | 11/15/40 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201972 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 4.00% | 11/15/45 *(a)* | &nbsp;&nbsp; 1030000 | &nbsp;&nbsp; 970912 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 11/15/45 *(a)* | &nbsp;&nbsp; 4820000 | &nbsp;&nbsp; 5029893 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 11/15/33 *(a)* | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 629326 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 11/15/34 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 604560 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 11/15/35 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 103817 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 92773 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 11/15/37 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 512688 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 11/15/38 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51054 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 11/15/39 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203271 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 11/15/41 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 141456 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 11/15/44 *(a)* | &nbsp;&nbsp; 730000 | &nbsp;&nbsp; 710320 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 11/15/46 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 652516 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 11/15/30  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33019 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 11/15/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 223693 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 11/15/37 *(a)* | &nbsp;&nbsp; 445000 | &nbsp;&nbsp; 491316 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 11/15/42 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1079438 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 11/15/46 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 156932 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.25% | 11/15/49 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209967 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.50% | 11/15/49 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 133395 |
| **Troy School District** | **Troy School District** | **Troy School District** | **Troy School District** | **Troy School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 05/01/52 *(a)(c)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 133099 |
| **University of Michigan** | **University of Michigan** | **University of Michigan** | **University of Michigan** | **University of Michigan** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015  | 5.00% | 04/01/46 *(a)(b)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 60000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 04/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 04/01/26  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30000 |
| **Wayne County Airport Authority** | **Wayne County Airport Authority** | **Wayne County Airport Authority** | **Wayne County Airport Authority** | **Wayne County Airport Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Detroit Metropolitan Wayne County Airport Series 2021 A  | 5.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 514720 |
|  |  |  |  | &nbsp;&nbsp; **40448055** |
| **MINNESOTA** 0.5%  | **MINNESOTA** 0.5%  | **MINNESOTA** 0.5%  | **MINNESOTA** 0.5%  | **MINNESOTA** 0.5%  |
| **Metropolitan Council** | **Metropolitan Council** | **Metropolitan Council** | **Metropolitan Council** | **Metropolitan Council** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 5.00% | 12/01/26  | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 147400 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 5.00% | 12/01/27  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20828 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 5.00% | 12/01/28  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 212815 |
| **Minneapolis-St. Paul Metropolitan Airports Commission** | **Minneapolis-St. Paul Metropolitan Airports Commission** | **Minneapolis-St. Paul Metropolitan Airports Commission** | **Minneapolis-St. Paul Metropolitan Airports Commission** | **Minneapolis-St. Paul Metropolitan Airports Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 01/01/52 *(a)* | &nbsp;&nbsp; 520000 | &nbsp;&nbsp; 528001 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 01/01/54 *(a)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 341497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/27  | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 356555 |

---

**222**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 01/01/28 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 116945 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 01/01/52 *(a)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 418285 |
| **Minnesota Public Facilities Authority State Revolving Fund** | **Minnesota Public Facilities Authority State Revolving Fund** | **Minnesota Public Facilities Authority State Revolving Fund** | **Minnesota Public Facilities Authority State Revolving Fund** | **Minnesota Public Facilities Authority State Revolving Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 03/01/31  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 88515 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 03/01/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112259 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 03/01/33  | &nbsp;&nbsp; 635000 | &nbsp;&nbsp; 720804 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 03/01/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111783 |
| **North St. Paul-Maplewood-Oakdale Independent School District No. 622** | **North St. Paul-Maplewood-Oakdale Independent School District No. 622** | **North St. Paul-Maplewood-Oakdale Independent School District No. 622** | **North St. Paul-Maplewood-Oakdale Independent School District No. 622** | **North St. Paul-Maplewood-Oakdale Independent School District No. 622** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 3.00% | 02/01/46 *(a)(c)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 7954 |
| **State of Minnesota** | **State of Minnesota** | **State of Minnesota** | **State of Minnesota** | **State of Minnesota** |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023  | 5.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 292906 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023  | 5.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 330024 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023  | 5.00% | 11/01/39 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 43661 |
| &nbsp;&nbsp;&nbsp;&nbsp; COP Series 2023  | 5.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 161185 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 09/01/28  | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15889 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 09/01/29  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 221358 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 09/01/34 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 88387 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 09/01/37 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5099878 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 09/01/39 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 60693 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/28  | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 74016 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/32  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 225261 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/33  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1134075 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 338474 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109919 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107841 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/27  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 118834 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/35  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 286509 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1113011 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 D  | 5.00% | 08/01/26  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 126059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 D  | 5.00% | 10/01/27  | &nbsp;&nbsp; 1230000 | &nbsp;&nbsp; 1276012 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 D  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 E  | 5.00% | 08/01/26  | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 267244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 E  | 5.00% | 08/01/28  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 132171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 E  | 5.00% | 08/01/32  | &nbsp;&nbsp; 1135000 | &nbsp;&nbsp; 1278359 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 03/01/27  | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 184113 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 03/01/30  | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 352703 |
| **University of Minnesota** | **University of Minnesota** | **University of Minnesota** | **University of Minnesota** | **University of Minnesota** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 04/01/41 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25002 |
|  |  |  |  | &nbsp;&nbsp; **16750858** |
| **MISSISSIPPI** 0.1%  | **MISSISSIPPI** 0.1%  | **MISSISSIPPI** 0.1%  | **MISSISSIPPI** 0.1%  | **MISSISSIPPI** 0.1%  |
| **Mississippi Development Bank** | **Mississippi Development Bank** | **Mississippi Development Bank** | **Mississippi Development Bank** | **Mississippi Development Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/31  | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 416204 |
| **State of Mississippi** | **State of Mississippi** | **State of Mississippi** | **State of Mississippi** | **State of Mississippi** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 10/01/32 *(a)(b)* | &nbsp;&nbsp; 430000 | &nbsp;&nbsp; 446021 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 10/01/34 *(a)(b)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 114098 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 4.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 10/01/27  | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 383841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 10/01/28 *(a)* | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 378178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 10/01/29 *(a)* | &nbsp;&nbsp; 835000 | &nbsp;&nbsp; 864396 |

---

**223**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **State of Mississippi Gaming Tax Revenue** | **State of Mississippi Gaming Tax Revenue** | **State of Mississippi Gaming Tax Revenue** | **State of Mississippi Gaming Tax Revenue** | **State of Mississippi Gaming Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 10/15/38 *(a)* | &nbsp;&nbsp; 1300000 | &nbsp;&nbsp; 1270082 |
| **West Rankin Utility Authority** | **West Rankin Utility Authority** | **West Rankin Utility Authority** | **West Rankin Utility Authority** | **West Rankin Utility Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 01/01/48 *(a)(b)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52142 |
|  |  |  |  | &nbsp;&nbsp; **4075018** |
| **MISSOURI** 0.3%  | **MISSOURI** 0.3%  | **MISSOURI** 0.3%  | **MISSOURI** 0.3%  | **MISSOURI** 0.3%  |
| **City of Kansas City Sanitary Sewer System Revenue** | **City of Kansas City Sanitary Sewer System Revenue** | **City of Kansas City Sanitary Sewer System Revenue** | **City of Kansas City Sanitary Sewer System Revenue** | **City of Kansas City Sanitary Sewer System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 4.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 19519 |
| **City of Kansas City Water Revenue** | **City of Kansas City Water Revenue** | **City of Kansas City Water Revenue** | **City of Kansas City Water Revenue** | **City of Kansas City Water Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260471 |
| **City of Springfield Public Utility Revenue** | **City of Springfield Public Utility Revenue** | **City of Springfield Public Utility Revenue** | **City of Springfield Public Utility Revenue** | **City of Springfield Public Utility Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 08/01/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 08/01/34  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1134414 |
| **City of St. Louis Airport Revenue** | **City of St. Louis Airport Revenue** | **City of St. Louis Airport Revenue** | **City of St. Louis Airport Revenue** | **City of St. Louis Airport Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2005  | 5.50% | 07/01/28 *(c)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 47761 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 07/01/49 *(a)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 277210 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 07/01/54 *(a)(c)* | &nbsp;&nbsp; 655000 | &nbsp;&nbsp; 677687 |
| **County of Jackson** | **County of Jackson** | **County of Jackson** | **County of Jackson** | **County of Jackson** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 4.38% | 12/01/58 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92846 |
| **Curators of the University of Missouri** | **Curators of the University of Missouri** | **Curators of the University of Missouri** | **Curators of the University of Missouri** | **Curators of the University of Missouri** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 11/01/30  | &nbsp;&nbsp; 2600000 | &nbsp;&nbsp; 2851805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 11/01/34  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 571707 |
| **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** | **Health & Educational Facilities Authority of the State of Missouri** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB St. Louis University Series 2019 A  | 5.00% | 10/01/46 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 55961 |
| **Metropolitan St. Louis Sewer District** | **Metropolitan St. Louis Sewer District** | **Metropolitan St. Louis Sewer District** | **Metropolitan St. Louis Sewer District** | **Metropolitan St. Louis Sewer District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 C  | 4.00% | 05/01/41 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50042 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 05/01/29 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76882 |
| **Missouri Development Finance Board** | **Missouri Development Finance Board** | **Missouri Development Finance Board** | **Missouri Development Finance Board** | **Missouri Development Finance Board** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Zoological Subdistrict of the Metropolitan Zoo Park & Museum District of St. Louis <br> Series 2022 <br>| 5.25% | 05/01/55 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25666 |
| **Missouri Highway & Transportation Commission** | **Missouri Highway & Transportation Commission** | **Missouri Highway & Transportation Commission** | **Missouri Highway & Transportation Commission** | **Missouri Highway & Transportation Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 05/01/27  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102681 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 05/01/28  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 115589 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/26  | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 425882 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 05/01/27  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154022 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 05/01/30  | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 534977 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 05/01/31  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 149673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014 A  | 5.00% | 05/01/26  | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 651350 |
| **Missouri Joint Municipal Electric Utility Commission** | **Missouri Joint Municipal Electric Utility Commission** | **Missouri Joint Municipal Electric Utility Commission** | **Missouri Joint Municipal Electric Utility Commission** | **Missouri Joint Municipal Electric Utility Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.00% | 01/01/51 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 509536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Prairie State Project Revenue Series 2016 A  | 4.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 271114 |
| **Springfield School District No. R-12** | **Springfield School District No. R-12** | **Springfield School District No. R-12** | **Springfield School District No. R-12** | **Springfield School District No. R-12** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 140418 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 3.00% | 03/01/39 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 178058 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 03/01/41 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 499628 |
| **St. Charles County Francis Howell R-III School District** | **St. Charles County Francis Howell R-III School District** | **St. Charles County Francis Howell R-III School District** | **St. Charles County Francis Howell R-III School District** | **St. Charles County Francis Howell R-III School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 03/01/42 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 340562 |
|  |  |  |  | &nbsp;&nbsp; **10492482** |

---

**224**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **MONTANA** 0.0%  | **MONTANA** 0.0%  | **MONTANA** 0.0%  | **MONTANA** 0.0%  | **MONTANA** 0.0%  |
| **Lewis & Clark County High School District No. 1 Helena** | **Lewis & Clark County High School District No. 1 Helena** | **Lewis & Clark County High School District No. 1 Helena** | **Lewis & Clark County High School District No. 1 Helena** | **Lewis & Clark County High School District No. 1 Helena** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 07/01/56 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; **514299** |
| **NEBRASKA** 0.3%  | **NEBRASKA** 0.3%  | **NEBRASKA** 0.3%  | **NEBRASKA** 0.3%  | **NEBRASKA** 0.3%  |
| **Nebraska Public Power District** | **Nebraska Public Power District** | **Nebraska Public Power District** | **Nebraska Public Power District** | **Nebraska Public Power District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 07/01/28 *(a)* | &nbsp;&nbsp; 595000 | &nbsp;&nbsp; 619542 |
| **Omaha Public Power District** | **Omaha Public Power District** | **Omaha Public Power District** | **Omaha Public Power District** | **Omaha Public Power District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 02/01/31 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 476798 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 02/01/46 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 82893 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 02/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103316 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 02/01/52 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154972 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 02/01/53 *(a)* | &nbsp;&nbsp; 4965000 | &nbsp;&nbsp; 5170270 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.50% | 02/01/49 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 112742 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 4.00% | 02/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92030 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 02/01/50 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1322321 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 02/01/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 518960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 4.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 147480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 4.00% | 02/01/46 *(a)* | &nbsp;&nbsp; 560000 | &nbsp;&nbsp; 523560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112089 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 555618 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 77269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 76806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D  | 5.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 164906 |
| **Omaha Public Power District Nebraska City Station Unit 2** | **Omaha Public Power District Nebraska City Station Unit 2** | **Omaha Public Power District Nebraska City Station Unit 2** | **Omaha Public Power District Nebraska City Station Unit 2** | **Omaha Public Power District Nebraska City Station Unit 2** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 A  | 5.00% | 02/01/49 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 219526 |
| **University of Nebraska Facilities Corp.** | **University of Nebraska Facilities Corp.** | **University of Nebraska Facilities Corp.** | **University of Nebraska Facilities Corp.** | **University of Nebraska Facilities Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/15/59 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 94114 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/15/62 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 170427 |
| **Village of Boys Town** | **Village of Boys Town** | **Village of Boys Town** | **Village of Boys Town** | **Village of Boys Town** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Father Flanagan's Boy's Home Series 2026  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 319329 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Father Flanagan's Boy's Home Series 2026  | 5.25% | 07/01/55 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 298135 |
|  |  |  |  | &nbsp;&nbsp; **11413103** |
| **NEVADA** 0.4%  | **NEVADA** 0.4%  | **NEVADA** 0.4%  | **NEVADA** 0.4%  | **NEVADA** 0.4%  |
| **City of Henderson** | **City of Henderson** | **City of Henderson** | **City of Henderson** | **City of Henderson** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A-1  | 4.00% | 06/01/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96748 |
| **Clark County School District** | **Clark County School District** | **Clark County School District** | **Clark County School District** | **Clark County School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 06/15/26  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50253 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 06/15/28  | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 309761 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 06/15/42 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1075859 |
| **Clark County Water Reclamation District** | **Clark County Water Reclamation District** | **Clark County Water Reclamation District** | **Clark County Water Reclamation District** | **Clark County Water Reclamation District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 07/01/53 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254916 |
| **County of Clark** | **County of Clark** | **County of Clark** | **County of Clark** | **County of Clark** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 4.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 267404 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 06/01/43 *(a)* | &nbsp;&nbsp; 1015000 | &nbsp;&nbsp; 1042787 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 5.00% | 05/01/48 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 305011 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Regional Transportation Commission of Southern Nevada Motor Fuel Tax Revenue <br> Series 2022 <br>| 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 11/01/26  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 187675 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 B  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 213137 |

---

**225**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **County of Clark Department of Aviation** | **County of Clark Department of Aviation** | **County of Clark Department of Aviation** | **County of Clark Department of Aviation** | **County of Clark Department of Aviation** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 07/01/29  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 322152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 494307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1073840 |
| **County of Clark Passenger Facility Charge Revenue** | **County of Clark Passenger Facility Charge Revenue** | **County of Clark Passenger Facility Charge Revenue** | **County of Clark Passenger Facility Charge Revenue** | **County of Clark Passenger Facility Charge Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 E  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106001 |
| **County of Washoe Gas Tax Revenue** | **County of Washoe Gas Tax Revenue** | **County of Washoe Gas Tax Revenue** | **County of Washoe Gas Tax Revenue** | **County of Washoe Gas Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018  | 5.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2065394 |
| **Las Vegas Convention & Visitors Authority** | **Las Vegas Convention & Visitors Authority** | **Las Vegas Convention & Visitors Authority** | **Las Vegas Convention & Visitors Authority** | **Las Vegas Convention & Visitors Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB County of Clark & City of Las Vegas Combined Room Tax Revenue Series 2018 B  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1124296 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB County of Clark & City of Las Vegas Combined Room Tax Revenue Series 2018 B  | 4.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 1205000 | &nbsp;&nbsp; 1068219 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB County of Clark & City of Las Vegas Combined Room Tax Revenue Series 2022 B  | 5.25% | 07/01/49 *(a)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 325927 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB County of Clark & City of Las Vegas Combined Room Tax Revenue Series 2023 A  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153527 |
| **Las Vegas Valley Water District** | **Las Vegas Valley Water District** | **Las Vegas Valley Water District** | **Las Vegas Valley Water District** | **Las Vegas Valley Water District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 4.00% | 06/01/46 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 467429 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 4.00% | 06/01/51 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 902381 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 06/01/44 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 129514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 06/01/41 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75307 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 06/01/46 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 06/01/38 *(a)* | &nbsp;&nbsp; 590000 | &nbsp;&nbsp; 652640 |
| **State of Nevada Highway Improvement Revenue** | **State of Nevada Highway Improvement Revenue** | **State of Nevada Highway Improvement Revenue** | **State of Nevada Highway Improvement Revenue** | **State of Nevada Highway Improvement Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 5.00% | 12/01/30 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 231267 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 5.00% | 12/01/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102704 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 4.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 1310000 | &nbsp;&nbsp; 1320970 |
| **Washoe County School District** | **Washoe County School District** | **Washoe County School District** | **Washoe County School District** | **Washoe County School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 4.00% | 10/01/45 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 287965 |
|  |  |  |  | &nbsp;&nbsp; **14929995** |
| **NEW HAMPSHIRE** 0.1%  | **NEW HAMPSHIRE** 0.1%  | **NEW HAMPSHIRE** 0.1%  | **NEW HAMPSHIRE** 0.1%  | **NEW HAMPSHIRE** 0.1%  |
| **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** | **New Hampshire Business Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Novant Health Obligated Group Series 2025A  | 5.00% | 06/01/55 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 288810 |
| **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** | **New Hampshire Health & Education Facilities Authority Act** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Dartmouth College Series 2025 A  | 5.00% | 06/01/35  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1147924 |
|  |  |  |  | &nbsp;&nbsp; **1436734** |
| **NEW JERSEY** 4.2%  | **NEW JERSEY** 4.2%  | **NEW JERSEY** 4.2%  | **NEW JERSEY** 4.2%  | **NEW JERSEY** 4.2%  |
| **Gloucester County Improvement Authority** | **Gloucester County Improvement Authority** | **Gloucester County Improvement Authority** | **Gloucester County Improvement Authority** | **Gloucester County Improvement Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Rowan University Series 2024  | 5.00% | 07/01/49 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102445 |
| **Hudson County Improvement Authority** | **Hudson County Improvement Authority** | **Hudson County Improvement Authority** | **Hudson County Improvement Authority** | **Hudson County Improvement Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016  | 5.25% | 05/01/51 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50026 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 4.00% | 10/01/51 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 44742 |
| **Middlesex County Improvement Authority** | **Middlesex County Improvement Authority** | **Middlesex County Improvement Authority** | **Middlesex County Improvement Authority** | **Middlesex County Improvement Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Rutgers The State University of New Jersey Series 2023 A  | 5.00% | 08/15/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 515902 |
| **New Jersey Economic Development Authority** | **New Jersey Economic Development Authority** | **New Jersey Economic Development Authority** | **New Jersey Economic Development Authority** | **New Jersey Economic Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 WW  | 5.25% | 06/15/28 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100139 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 AAA  | 5.00% | 06/15/41 *(a)(b)* | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 448015 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 BBB  | 5.50% | 06/15/29 *(a)(b)* | &nbsp;&nbsp; 785000 | &nbsp;&nbsp; 802027 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 BBB  | 4.75% | 06/15/31 *(a)(b)* | &nbsp;&nbsp; 1175000 | &nbsp;&nbsp; 1194363 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 BBB  | 5.50% | 06/15/31 *(a)(b)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76627 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 4.00% | 11/01/27  | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 214702 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B  | 4.13% | 06/15/39 *(a)(c)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30144 |

---

**226**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 DDD  | 5.00% | 06/15/42 *(a)(b)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 438107 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 06/15/42 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1271524 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 06/15/47 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252324 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 EEE  | 5.00% | 06/15/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 509049 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 4.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 497567 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 11/01/44 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1027185 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 QQQ  | 4.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 324244 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 QQQ  | 4.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 90071 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 11/01/52 *(a)* | &nbsp;&nbsp; 3295000 | &nbsp;&nbsp; 3358693 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2005 N-1  | 5.50% | 09/01/26 *(c)* | &nbsp;&nbsp; 1140000 | &nbsp;&nbsp; 1153952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 RRR  | 5.00% | 03/01/28  | &nbsp;&nbsp; 1615000 | &nbsp;&nbsp; 1688357 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 SSS  | 5.00% | 06/15/26  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 502503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 SSS  | 5.25% | 06/15/36 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 28379 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 SSS  | 5.25% | 06/15/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 558698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Motor Vehicle Surcharge Revenue Series 2017 A  | 3.13% | 07/01/31 *(a)(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 74057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB New Jersey Transit Corp. Series 2017 B  | 5.00% | 11/01/26  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 507113 |
| **New Jersey Educational Facilities Authority** | **New Jersey Educational Facilities Authority** | **New Jersey Educational Facilities Authority** | **New Jersey Educational Facilities Authority** | **New Jersey Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 160931 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 03/01/32  | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 297794 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 4.63% | 09/01/48 *(a)* | &nbsp;&nbsp; 740000 | &nbsp;&nbsp; 743518 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 09/01/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 519699 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Princeton University Series 2015 D  | 4.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 97648 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Princeton University Series 2022 A  | 5.00% | 03/01/27  | &nbsp;&nbsp; 1375000 | &nbsp;&nbsp; 1408313 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Princeton University Series 2024 A1  | 5.00% | 03/01/33  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 340941 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Princeton University Series 2024 A1  | 5.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 775000 | &nbsp;&nbsp; 868540 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Princeton University Series 2024 A-2  | 5.00% | 03/01/43 *(a)* | &nbsp;&nbsp; 1780000 | &nbsp;&nbsp; 1933085 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Princeton University Series 2024 B  | 4.00% | 03/01/53 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 188945 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Princeton University Series 2024 B  | 5.25% | 03/01/54 *(a)* | &nbsp;&nbsp; 1450000 | &nbsp;&nbsp; 1533016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Princeton University Series 2017 B  | 5.00% | 07/01/28 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 92735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Princeton University Series 2017 B  | 5.00% | 07/01/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Princeton University Series 2024 C  | 5.00% | 03/01/27  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Princeton University Series 2024 C  | 5.00% | 03/01/29  | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 246059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Princeton University Series 2024 C  | 5.00% | 03/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269613 |
| **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** | **New Jersey Transportation Trust Fund Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2006 C  | 2.91% | 12/15/26 *(c)(d)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 44117 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2006 C  | 3.44% | 12/15/28 *(c)(d)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 55309 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2006 C  | 2.84% | 12/15/29 *(c)(d)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 379813 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2006 C  | 3.28% | 12/15/30 *(c)(d)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 42928 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2006 C  | 4.11% | 12/15/32 *(c)(d)* | &nbsp;&nbsp; 5380000 | &nbsp;&nbsp; 4312879 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2006 C  | 4.24% | 12/15/33 *(c)(d)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 3074043 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2006 C  | 3.64% | 12/15/34 *(c)(d)* | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 339027 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2006 C  | 3.39% | 12/15/35 *(c)(d)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 24428 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2008 A  | 2.95% | 12/15/28 *(d)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 304199 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2008 A  | 4.07% | 12/15/35 *(d)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 150058 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2008 A  | 3.63% | 12/15/36 *(a)(d)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 19889 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2008 A  | 6.75% | 12/15/37 *(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 628771 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2008 A  | 3.73% | 12/15/38 *(d)* | &nbsp;&nbsp; 2185000 | &nbsp;&nbsp; 1297709 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009 A  | 3.48% | 12/15/32 *(a)(d)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 211041 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009 A  | 3.77% | 12/15/33 *(d)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 175424 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009 A  | 3.84% | 12/15/34 *(d)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 124225 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009 A  | 3.99% | 12/15/38 *(a)(d)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 178175 |

---

**227**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009 A  | 3.90% | 12/15/39 *(d)* | &nbsp;&nbsp; 3050000 | &nbsp;&nbsp; 1719644 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 2.69% | 12/15/26 *(d)* | &nbsp;&nbsp; 1650000 | &nbsp;&nbsp; 1617635 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 2.61% | 12/15/27 *(d)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 285528 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 3.46% | 12/15/28 *(d)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 645270 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 2.78% | 12/15/29 *(d)* | &nbsp;&nbsp; 765000 | &nbsp;&nbsp; 681173 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 2.78% | 12/15/30 *(d)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1502490 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 3.78% | 12/15/31 *(a)(d)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 173862 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 3.75% | 12/15/33 *(d)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 76271 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 3.53% | 12/15/34 *(d)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 62113 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2010 A  | 3.94% | 12/15/40 *(d)* | &nbsp;&nbsp; 3280000 | &nbsp;&nbsp; 1752540 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2014 AA  | 4.25% | 06/15/44 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1477237 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2014 BB1  | 5.00% | 06/15/32 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 632043 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2014 BB-1  | 5.00% | 06/15/33 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 84038 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 06/15/27 *(a)* | &nbsp;&nbsp; 4100000 | &nbsp;&nbsp; 4118366 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 06/15/28 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 502331 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 06/15/30 *(a)* | &nbsp;&nbsp; 1480000 | &nbsp;&nbsp; 1486228 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 4.10% | 06/15/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100179 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 AA  | 4.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 2300000 | &nbsp;&nbsp; 2318591 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 AA  | 5.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 1085000 | &nbsp;&nbsp; 1108282 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 BB  | 5.00% | 06/15/33 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 210094 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 BB  | 3.25% | 06/15/39 *(a)* | &nbsp;&nbsp; 635000 | &nbsp;&nbsp; 569833 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 BB  | 4.00% | 06/15/44 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 953664 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 BB  | 3.50% | 06/15/46 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 252276 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 BB  | 4.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 1160000 | &nbsp;&nbsp; 1047933 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 BB  | 5.00% | 06/15/50 *(a)(b)* | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 207881 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019BB  | 5.00% | 06/15/44 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 358949 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 4.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 224808 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 4.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 141903 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 5.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106936 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 5.00% | 06/15/38 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 211788 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 4.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 99312 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 4.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 780000 | &nbsp;&nbsp; 734620 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 3.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 182793 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 4.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 158093 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 5.00% | 06/15/50 *(a)(b)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 49745 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 AA  | 5.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 157454 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 49603 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 98711 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 BB  | 5.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 48724 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 BB  | 4.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 1475000 | &nbsp;&nbsp; 1472731 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 BB  | 4.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 493555 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 BB  | 4.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 225848 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 CC  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55196 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 CC  | 5.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 192739 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 CC  | 5.25% | 06/15/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108172 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 CC  | 5.00% | 06/15/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 157465 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 CC  | 5.25% | 06/15/46 *(a)(b)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 120898 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 CC  | 5.25% | 06/15/46 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 220990 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 CC  | 5.00% | 06/15/48 *(a)(b)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 68172 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 CC  | 5.50% | 06/15/50 *(a)(b)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1749917 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 BB  | 5.00% | 06/15/33  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1125872 |

---

**228**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 BB  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 134109 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 BB  | 5.00% | 06/15/43 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1595002 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 BB  | 5.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 980000 | &nbsp;&nbsp; 1020873 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 BB  | 5.25% | 06/15/50 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1565505 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 5.00% | 06/15/30  | &nbsp;&nbsp; 545000 | &nbsp;&nbsp; 593634 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 5.00% | 06/15/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55205 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 5.00% | 06/15/32  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 279148 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 565401 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 5.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 2230000 | &nbsp;&nbsp; 2498296 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 72180 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 5.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263631 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 4.13% | 06/15/50 *(a)* | &nbsp;&nbsp; 1130000 | &nbsp;&nbsp; 1041181 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 4.13% | 06/15/55 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89817 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 CC  | 5.25% | 06/15/55 *(a)* | &nbsp;&nbsp; 1335000 | &nbsp;&nbsp; 1387383 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 AA  | 5.00% | 06/15/30  | &nbsp;&nbsp; 1070000 | &nbsp;&nbsp; 1165611 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 AA  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2483602 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 AA  | 5.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272823 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 AA  | 5.00% | 06/15/43 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2154183 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 AA  | 5.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1587901 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 AA  | 5.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1028815 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 AA  | 5.00% | 06/15/55 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3057881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 12/15/27  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 286164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 06/15/30 *(a)* | &nbsp;&nbsp; 625000 | &nbsp;&nbsp; 627630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 12/15/30 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 158469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 06/15/31 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 291150 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 12/15/32 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 788958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 12/15/33 *(a)* | &nbsp;&nbsp; 1105000 | &nbsp;&nbsp; 1160610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 12/15/34 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 219973 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 4.00% | 12/15/37 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150825 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 12/15/27  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 12/15/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 4.00% | 12/15/39 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 64689 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 06/15/28  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 06/15/29  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 06/15/30  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 147047 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 06/15/31  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 06/15/32 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 219838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 06/15/33 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 06/15/34 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 220053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 AA  | 5.00% | 06/15/27  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1029016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 AA  | 5.00% | 06/15/30  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 114370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 AA  | 5.00% | 06/15/31  | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 364186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 AA  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 216416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 605000 | &nbsp;&nbsp; 661707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 4.25% | 06/15/40 *(a)* | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1163202 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 AA  | 5.00% | 06/15/30  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 32677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 AA  | 5.00% | 06/15/34 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 39118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 AA  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 555400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 AA  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27343 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 AA  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21611 |

---

**229**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/15/32  | &nbsp;&nbsp; 1860000 | &nbsp;&nbsp; 2079098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/15/33  | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 580534 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/15/34  | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2831881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 333586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 855000 | &nbsp;&nbsp; 957867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1110465 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/15/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 551298 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.25% | 06/15/39 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 128115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 AA  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 1430000 | &nbsp;&nbsp; 1566688 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 AA  | 4.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 248280 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 AA  | 5.25% | 06/15/41 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1103098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 AA  | 4.00% | 06/15/42 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 489310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 AA  | 5.00% | 06/15/42 *(a)* | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 512408 |
| **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** | **New Jersey Turnpike Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 01/01/27  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203821 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 01/01/32 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253945 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 01/01/48 *(a)* | &nbsp;&nbsp; 2155000 | &nbsp;&nbsp; 2051088 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 01/01/48 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3048506 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D  | 5.00% | 01/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102671 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 2095000 | &nbsp;&nbsp; 2082759 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 01/01/51 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92114 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.00% | 01/01/46 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 125863 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 4.50% | 01/01/48 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5013531 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.25% | 01/01/52 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 156412 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.25% | 01/01/49 *(a)* | &nbsp;&nbsp; 1125000 | &nbsp;&nbsp; 1189279 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 4.75% | 01/01/50 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3049859 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 01/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1047242 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 01/01/29  | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 755227 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 01/01/33  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1124043 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 01/01/34  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1133623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2005 A  | 5.25% | 01/01/27 *(c)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 117479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2005 A  | 5.25% | 01/01/28 *(c)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 83950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 01/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 01/01/31 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 4.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 95617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 E  | 5.00% | 01/01/29 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 98899 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 G  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 92609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 G  | 3.25% | 01/01/38 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 186484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 G  | 4.00% | 01/01/43 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 147736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 01/01/29  | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 638220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 C  | 5.00% | 01/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108221 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 01/01/43 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1611397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 427635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 01/01/45 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 159239 |
| **South Jersey Transportation Authority** | **South Jersey Transportation Authority** | **South Jersey Transportation Authority** | **South Jersey Transportation Authority** | **South Jersey Transportation Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.63% | 11/01/47 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85119 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 11/01/52 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205191 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 11/01/52 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 517255 |
| **State of New Jersey** | **State of New Jersey** | **State of New Jersey** | **State of New Jersey** | **State of New Jersey** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 06/01/26  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1004225 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 06/01/27  | &nbsp;&nbsp; 1525000 | &nbsp;&nbsp; 1569646 |

---

**230**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 06/01/28  | &nbsp;&nbsp; 1700000 | &nbsp;&nbsp; 1790302 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 06/01/29  | &nbsp;&nbsp; 1805000 | &nbsp;&nbsp; 1939905 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 4.00% | 06/01/30  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2104845 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 4.00% | 06/01/31  | &nbsp;&nbsp; 1115000 | &nbsp;&nbsp; 1182087 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 4.00% | 06/01/32  | &nbsp;&nbsp; 1225000 | &nbsp;&nbsp; 1305368 |
|  |  |  |  | &nbsp;&nbsp; **150588478** |
| **NEW MEXICO** 0.1%  | **NEW MEXICO** 0.1%  | **NEW MEXICO** 0.1%  | **NEW MEXICO** 0.1%  | **NEW MEXICO** 0.1%  |
| **New Mexico Finance Authority** | **New Mexico Finance Authority** | **New Mexico Finance Authority** | **New Mexico Finance Authority** | **New Mexico Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Department of Transportation Series 2021 A  | 5.00% | 06/15/28  | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 426691 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Department of Transportation Series 2021 A  | 5.00% | 06/15/29  | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 284929 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Department of Transportation Series 2021 A  | 5.00% | 06/15/30  | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 503018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/15/27  | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 123583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Department of Transportation Series 2018 A  | 5.00% | 06/15/27  | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 293510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Department of Transportation Series 2018 A  | 5.00% | 06/15/28  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Department of Transportation Series 2018 A  | 5.00% | 06/15/29 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 173272 |
| **State of New Mexico** | **State of New Mexico** | **State of New Mexico** | **State of New Mexico** | **State of New Mexico** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 03/01/32  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33539 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/27 *(b)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 301687 |
| **State of New Mexico Severance Tax Permanent Fund** | **State of New Mexico Severance Tax Permanent Fund** | **State of New Mexico Severance Tax Permanent Fund** | **State of New Mexico Severance Tax Permanent Fund** | **State of New Mexico Severance Tax Permanent Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 135877 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 136772 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/01/29  | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 504098 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109052 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/01/31  | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 132753 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 708837 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 39214 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.00% | 07/01/26  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201300 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.00% | 07/01/27  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 283679 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.00% | 07/01/28  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36823 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Department of Transportation Series 2025 A  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 434213 |
|  |  |  |  | &nbsp;&nbsp; **4889186** |
| **NEW YORK** 25.4%  | **NEW YORK** 25.4%  | **NEW YORK** 25.4%  | **NEW YORK** 25.4%  | **NEW YORK** 25.4%  |
| **Battery Park City Authority** | **Battery Park City Authority** | **Battery Park City Authority** | **Battery Park City Authority** | **Battery Park City Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 11/01/44 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 98299 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 11/01/49 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15177 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 11/01/48 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 337770 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 11/01/53 *(a)* | &nbsp;&nbsp; 2055000 | &nbsp;&nbsp; 2109593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 D-2  | 2.70% | 11/01/38 *(a)(c)(f)* | &nbsp;&nbsp; 880000 | &nbsp;&nbsp; 880000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 11/01/27  | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 291786 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 11/01/29  | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 250511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 11/01/50 *(a)* | &nbsp;&nbsp; 1420000 | &nbsp;&nbsp; 1476159 |
| **City of New York** | **City of New York** | **City of New York** | **City of New York** | **City of New York** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2008 J-10  | 5.00% | 08/01/26  | &nbsp;&nbsp; 580000 | &nbsp;&nbsp; 584679 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2008 L-5  | 5.00% | 04/01/33 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 152352 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2008 L-5  | 5.00% | 04/01/34 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 32516 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2012 1  | 5.00% | 04/01/30  | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 151316 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2012 1  | 5.00% | 04/01/31  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 82166 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2012 1  | 5.00% | 04/01/35 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 16194 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2012 G6  | 2.80% | 04/01/42 *(a)(c)(f)* | &nbsp;&nbsp; 9475000 | &nbsp;&nbsp; 9475000 |

---

**231**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015 F-1  | 3.50% | 06/01/33 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 19827 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A-1  | 5.00% | 08/01/33 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150992 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A-1  | 4.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 105046 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A-1  | 4.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 174985 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A-1  | 5.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25130 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 B-1  | 5.00% | 12/01/29 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40580 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 B-1  | 5.00% | 12/01/38 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25257 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 B-1  | 5.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 358035 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 B-1  | 4.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92244 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 1  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 108193 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 B1  | 5.25% | 10/01/31 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258582 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 B-1  | 5.25% | 10/01/33 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154747 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 B-1  | 3.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 95039 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 B-1  | 5.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 224604 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 B-1  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76438 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 D1  | 5.00% | 12/01/37 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 333349 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 D1  | 5.00% | 12/01/40 *(a)* | &nbsp;&nbsp; 1450000 | &nbsp;&nbsp; 1499245 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 D-1  | 5.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105164 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 D-1  | 5.00% | 12/01/39 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 155481 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 E-1  | 5.25% | 03/01/35 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520359 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 E-1  | 5.00% | 03/01/40 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51307 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 E-1  | 3.63% | 03/01/45 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 60948 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 F-1  | 5.00% | 04/01/34 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25980 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 F-1  | 5.00% | 04/01/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207521 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 F-1  | 5.00% | 04/01/36 *(a)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 548783 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 F-1  | 5.00% | 04/01/37 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 180790 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 F-1  | 5.00% | 04/01/39 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25724 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 F-1  | 5.00% | 04/01/40 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 169492 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 F-1  | 5.00% | 04/01/43 *(a)* | &nbsp;&nbsp; 1035000 | &nbsp;&nbsp; 1056952 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 F-1  | 3.50% | 04/01/46 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 46151 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A-1  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105741 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A-1  | 4.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1150718 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A-1  | 4.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 74419 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A-1  | 4.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp; 1300221 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A-1  | 4.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 278838 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A-1  | 3.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 38798 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B-1  | 5.00% | 10/01/33 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 58588 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B-1  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 239062 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B-1  | 4.00% | 10/01/37 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50010 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B-1  | 5.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 109017 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B-1  | 3.00% | 10/01/44 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 222312 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 08/01/27  | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 195980 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 178916 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 08/01/33 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 296340 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 112663 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 302025 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 171503 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 4.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 9761 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77845 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D-1  | 4.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30365 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D-1  | 5.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52743 |

---

**232**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D-1  | 5.00% | 03/01/40 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31252 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D-1  | 3.00% | 03/01/45 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 214044 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 D-1  | 4.00% | 03/01/50 *(a)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 456285 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 1  | 5.00% | 08/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105202 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 1  | 5.00% | 08/01/31  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 66017 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A-1  | 4.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30822 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A-1  | 4.00% | 08/01/39 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 498173 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A-1  | 4.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 48807 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A-1  | 5.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 2945000 | &nbsp;&nbsp; 3031196 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A-1  | 3.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 357082 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A-1  | 4.00% | 08/01/50 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 177037 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F1  | 4.00% | 03/01/38 *(a)* | &nbsp;&nbsp; 685000 | &nbsp;&nbsp; 687015 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F1  | 4.00% | 03/01/40 *(a)* | &nbsp;&nbsp; 2520000 | &nbsp;&nbsp; 2479845 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F-1  | 5.00% | 03/01/27  | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15328 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F-1  | 3.00% | 03/01/35 *(a)* | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 1993616 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F-1  | 5.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 144936 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F-1  | 3.00% | 03/01/41 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 123792 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F-1  | 5.00% | 03/01/42 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36713 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F-1  | 5.00% | 03/01/43 *(a)* | &nbsp;&nbsp; 1570000 | &nbsp;&nbsp; 1644281 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F-1  | 4.00% | 03/01/47 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 157861 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 F-1  | 3.00% | 03/01/51 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 141977 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021-1  | 4.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 14970 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 09/01/26  | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 318286 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 09/01/27  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2068763 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 09/01/28  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21075 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 09/01/38 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 134295 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 09/01/39 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21376 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.25% | 09/01/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1079873 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 476997 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.25% | 09/01/41 *(a)* | &nbsp;&nbsp; 2095000 | &nbsp;&nbsp; 2255052 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 09/01/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 158360 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 4.00% | 09/01/46 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 32474 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B-1  | 5.00% | 10/01/28  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21109 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B-1  | 5.00% | 10/01/30  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 81634 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B-1  | 5.00% | 10/01/32  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55665 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B-1  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108807 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B-1  | 5.25% | 10/01/40 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 48618 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B-1  | 5.25% | 10/01/42 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53648 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B-1  | 5.25% | 10/01/43 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 181541 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B-1  | 5.25% | 10/01/47 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10414 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 D-1  | 5.00% | 05/01/32  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 149715 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 D-1  | 5.25% | 05/01/39 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 368165 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 136801 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 775000 | &nbsp;&nbsp; 842868 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 138760 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 42451 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255837 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/51 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101646 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 4.13% | 08/01/53 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 222385 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 E1  | 5.00% | 04/01/38 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1080118 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 E1  | 5.00% | 04/01/41 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 58563 |

---

**233**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 E1  | 4.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 2021593 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 E1  | 4.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 282227 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 E-1  | 5.00% | 04/01/35 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 132088 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 E-1  | 5.25% | 04/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 212878 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 E-1  | 5.25% | 04/01/47 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 182514 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 03/01/32  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 127309 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10965 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 03/01/39 *(a)* | &nbsp;&nbsp; 1670000 | &nbsp;&nbsp; 1808050 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 4.00% | 03/01/41 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24416 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 03/01/42 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37291 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.25% | 03/01/49 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 208372 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.25% | 03/01/53 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2584546 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.00% | 09/01/27  | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1810167 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.00% | 09/01/31  | &nbsp;&nbsp; 3680000 | &nbsp;&nbsp; 4053353 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.00% | 09/01/40 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 215747 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268959 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.00% | 09/01/42 *(a)* | &nbsp;&nbsp; 665000 | &nbsp;&nbsp; 710842 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.00% | 09/01/44 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36892 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.25% | 09/01/46 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264875 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.00% | 09/01/47 *(a)* | &nbsp;&nbsp; 395000 | &nbsp;&nbsp; 406814 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.00% | 09/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256553 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 5.25% | 09/01/50 *(a)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 442661 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-1  | 4.00% | 09/01/52 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 285072 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.00% | 04/01/33 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 307608 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.00% | 04/01/37 *(a)* | &nbsp;&nbsp; 580000 | &nbsp;&nbsp; 636127 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.00% | 04/01/38 *(a)* | &nbsp;&nbsp; 1425000 | &nbsp;&nbsp; 1553220 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.00% | 04/01/39 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 541460 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.00% | 04/01/40 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37728 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 4.00% | 04/01/41 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 312498 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 4.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 955692 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.00% | 04/01/43 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 132157 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.25% | 04/01/47 *(a)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 330134 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.50% | 04/01/49 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2645373 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 D  | 5.25% | 04/01/54 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 237630 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 D  | 5.00% | 10/01/41 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1625928 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 D  | 5.00% | 10/01/45 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1049678 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 D  | 5.00% | 10/01/55 *(a)* | &nbsp;&nbsp; 5250000 | &nbsp;&nbsp; 5325889 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 D  | 5.25% | 10/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1037203 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 E  | 5.00% | 08/01/54 *(a)* | &nbsp;&nbsp; 725000 | &nbsp;&nbsp; 735461 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 G-1  | 5.00% | 02/01/33  | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 781926 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 G-1  | 5.00% | 02/01/34 *(a)* | &nbsp;&nbsp; 7500000 | &nbsp;&nbsp; 8435266 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 G-1  | 5.00% | 02/01/35  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1130328 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 G-1  | 5.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 547815 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 G-1  | 5.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2150243 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 G-1  | 5.25% | 02/01/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 519319 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 G  | 5.25% | 02/01/46 *(a)(e)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 535064 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 C  | 5.00% | 08/01/26 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 45121 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 C  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150402 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 C  | 3.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 199131 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 E  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 08/01/26  | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 554437 |

---

**234**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 08/01/27  | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 355858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 08/01/27 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20377 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 08/01/27  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 118619 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 177025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2018 A  | 5.00% | 08/01/26  | &nbsp;&nbsp; 605000 | &nbsp;&nbsp; 609880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 E  | 5.00% | 08/01/27  | &nbsp;&nbsp; 485000 | &nbsp;&nbsp; 500264 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 E  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 74286 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 E  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 79340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 A-1  | 5.00% | 08/01/26  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2016133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 A-1  | 5.00% | 08/01/28  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 168323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 A-1  | 5.00% | 08/01/29  | &nbsp;&nbsp; 465000 | &nbsp;&nbsp; 498244 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 A-1  | 5.00% | 08/01/30  | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 179178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 A-1  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 C-1  | 5.00% | 08/01/28  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 136762 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 C-1  | 5.00% | 08/01/30  | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 287771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 C-1  | 5.00% | 08/01/32 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 162236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 C-1  | 5.00% | 08/01/33 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 199356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020 C-1  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 80473 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B-1  | 5.00% | 08/01/29  | &nbsp;&nbsp; 7360000 | &nbsp;&nbsp; 7886181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B-1  | 5.00% | 08/01/30  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1085929 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B-1  | 5.00% | 08/01/31  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 220055 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 C  | 5.00% | 08/01/26  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 C  | 5.00% | 08/01/27  | &nbsp;&nbsp; 2210000 | &nbsp;&nbsp; 2281617 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 F-1  | 5.00% | 08/01/27  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 113565 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 F-1  | 5.00% | 08/01/28  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 78901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 F-1  | 5.00% | 08/01/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 F-1  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 F-1  | 5.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 785000 | &nbsp;&nbsp; 853744 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 08/01/27  | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 733008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 08/01/32  | &nbsp;&nbsp; 1715000 | &nbsp;&nbsp; 1906373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 08/01/33  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 128968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 08/01/34  | &nbsp;&nbsp; 5275000 | &nbsp;&nbsp; 5951052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 167180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 585920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 F  | 5.00% | 08/01/27  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 F  | 5.00% | 08/01/33  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1121464 |
| **County of Nassau** | **County of Nassau** | **County of Nassau** | **County of Nassau** | **County of Nassau** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 5.00% | 04/01/49 *(a)(c)* | &nbsp;&nbsp; 455000 | &nbsp;&nbsp; 467899 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 4.00% | 04/01/53 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89747 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 4.00% | 04/01/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 443904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 10/01/26  | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 96252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 C  | 5.00% | 10/01/27  | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 176589 |
| **Dutchess County Local Development Corp.** | **Dutchess County Local Development Corp.** | **Dutchess County Local Development Corp.** | **Dutchess County Local Development Corp.** | **Dutchess County Local Development Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Vassar College Series 2017  | 4.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 110604 |
| **Empire State Development Corp.** | **Empire State Development Corp.** | **Empire State Development Corp.** | **Empire State Development Corp.** | **Empire State Development Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/34 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 146820 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209164 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 130340 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/38 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25942 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62036 |

---

**235**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51604 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2019 A  | 4.00% | 03/15/46 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 232254 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2020 A  | 5.00% | 03/15/30  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27286 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2020 A  | 4.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 243170 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2020 A  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 369276 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2020 A  | 4.00% | 03/15/45 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1027021 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2020 A  | 4.00% | 03/15/49 *(a)* | &nbsp;&nbsp; 1075000 | &nbsp;&nbsp; 974341 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Personal Income Tax Revenue Series 2020 A  | 3.00% | 03/15/50 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 76109 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Sales Tax Revenue Series 2023 A  | 5.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 221022 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Sales Tax Revenue Series 2023 A  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 227657 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Sales Tax Revenue Series 2023 A  | 5.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 80881 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State of New York Sales Tax Revenue Series 2023 A  | 5.00% | 03/15/50 *(a)* | &nbsp;&nbsp; 2540000 | &nbsp;&nbsp; 2612276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 09/15/27 *(b)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 93152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2017 A  | 5.00% | 03/15/27 *(b)* | &nbsp;&nbsp; 645000 | &nbsp;&nbsp; 659993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2017 A  | 5.00% | 03/15/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203588 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2017 A  | 5.00% | 03/15/35 *(a)(c)* | &nbsp;&nbsp; 770000 | &nbsp;&nbsp; 783159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2017 C-2  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56683 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2017 C-2  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 360427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2017 C-3  | 5.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204089 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 5.00% | 03/15/29 *(b)* | &nbsp;&nbsp; 1035000 | &nbsp;&nbsp; 1105458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 5.00% | 03/15/30  | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 818576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 520000 | &nbsp;&nbsp; 567537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 5335000 | &nbsp;&nbsp; 5717835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 4.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 248133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 4.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 29178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 4.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 324108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 5.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 346669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 5.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 810000 | &nbsp;&nbsp; 848642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 4.00% | 03/15/45 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 140048 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 5.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5154161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 3.00% | 03/15/48 *(a)* | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 776303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 C  | 4.00% | 03/15/49 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 135955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 5.00% | 03/15/30  | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 251030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108465 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 4.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 363922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 4.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 407092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 3.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1296233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 4.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 2840000 | &nbsp;&nbsp; 2762142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 4.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 76557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 4.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1416963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 4.00% | 03/15/45 *(a)* | &nbsp;&nbsp; 845000 | &nbsp;&nbsp; 788939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 4.00% | 03/15/46 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 231155 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2020 E  | 3.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 375612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2022 A  | 5.00% | 09/15/28 *(b)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4230048 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2022 A  | 5.25% | 03/15/37 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 99344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2022 A  | 5.25% | 03/15/39 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 60200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2023 A  | 4.00% | 03/15/50 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 2685960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2023 B  | 5.00% | 03/15/32  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 224871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Personal Income Tax Revenue Series 2023 D-A  | 5.00% | 03/15/63 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2019 A  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106118 |

---

**236**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2019 A  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 200997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2019 A  | 5.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1046256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2019 A  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2019 A  | 4.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 194399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2019 A  | 4.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 287090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2019 A  | 3.00% | 03/15/49 *(a)* | &nbsp;&nbsp; 1725000 | &nbsp;&nbsp; 1265960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 396002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 4.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 4.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 569727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 3.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 610000 | &nbsp;&nbsp; 527863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 3.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 68623 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 4.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 1985000 | &nbsp;&nbsp; 1916363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 4.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 57429 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 4.00% | 03/15/45 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 253241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 4.00% | 03/15/46 *(a)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 364842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 4.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 248914 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 3.00% | 03/15/50 *(a)* | &nbsp;&nbsp; 1620000 | &nbsp;&nbsp; 1174261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of New York Sales Tax Revenue Series 2021 A  | 2.63% | 03/15/51 *(a)* | &nbsp;&nbsp; 1210000 | &nbsp;&nbsp; 778708 |
| **Hudson Yards Infrastructure Corp.** | **Hudson Yards Infrastructure Corp.** | **Hudson Yards Infrastructure Corp.** | **Hudson Yards Infrastructure Corp.** | **Hudson Yards Infrastructure Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/27  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 158547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/29 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56158 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/30 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 341935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/31 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 117290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/32 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 224248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/34 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 61059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/35 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50844 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 4.00% | 02/15/36 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 290991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/37 *(a)* | &nbsp;&nbsp; 555000 | &nbsp;&nbsp; 563356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/39 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 506936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/42 *(a)* | &nbsp;&nbsp; 1685000 | &nbsp;&nbsp; 1703978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 4.00% | 02/15/44 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1407156 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 4.00% | 02/15/47 *(a)(c)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 730445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 02/15/44 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 299262 |
| **Long Island Power Authority** | **Long Island Power Authority** | **Long Island Power Authority** | **Long Island Power Authority** | **Long Island Power Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2000  | 3.23% | 06/01/28 *(c)(d)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 65256 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 5.00% | 09/01/42 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25537 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 09/01/29 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 285012 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 09/01/33 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 241078 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 09/01/34 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 314092 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 402189 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 09/01/38 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 124564 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 09/01/39 *(a)* | &nbsp;&nbsp; 2145000 | &nbsp;&nbsp; 2222097 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 E  | 5.00% | 09/01/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 517904 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 E  | 5.00% | 09/01/53 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 09/01/30 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40392 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 181418 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1156813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 09/01/33 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 78330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 F  | 5.00% | 09/01/33  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 570317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 823263 |

---

**237**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/43 *(a)* | &nbsp;&nbsp; 900000 | &nbsp;&nbsp; 980745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/44 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259181 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 09/01/54 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.25% | 09/01/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 519557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.25% | 09/01/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 527673 |
| **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** | **Metropolitan Transportation Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2006 B  | 5.25% | 11/15/26 *(c)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1780515 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2012 H  | 3.63% | 11/15/37 *(a)(b)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75095 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2013 B  | 4.00% | 11/15/43 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 192240 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2013 C  | 4.00% | 11/15/43 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 32096 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 B  | 4.00% | 11/15/45 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 106648 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A1  | 5.00% | 11/15/46 *(a)(b)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250737 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.25% | 11/15/56 *(a)(b)* | &nbsp;&nbsp; 715000 | &nbsp;&nbsp; 717324 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 C-1  | 5.00% | 11/15/56 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 280971 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A1  | 5.25% | 11/15/57 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250385 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A-2  | 5.00% | 11/15/44 *(a)(c)* | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 479696 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 11/15/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 212558 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C  | 5.00% | 11/15/38 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 57295 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C  | 5.00% | 11/15/40 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 179113 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C  | 4.00% | 11/15/45 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 227313 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C  | 4.00% | 11/15/49 *(a)(c)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 228688 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A-1  | 4.00% | 11/15/43 *(a)(c)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1387736 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A-1  | 5.00% | 11/15/47 *(a)* | &nbsp;&nbsp; 2630000 | &nbsp;&nbsp; 2664284 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A-1  | 4.00% | 11/15/52 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 84566 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A-1  | 4.00% | 11/15/54 *(a)(c)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 21200 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 2.75% | 11/15/46 *(a)(c)(f)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 5.00% | 11/15/50 *(a)* | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp; 1359053 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 5.25% | 11/15/55 *(a)* | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp; 1418599 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D-1  | 5.00% | 11/15/44 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102903 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D-3  | 4.00% | 11/15/49 *(a)* | &nbsp;&nbsp; 880000 | &nbsp;&nbsp; 764977 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D-3  | 4.00% | 11/15/50 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1506135 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020C-1  | 4.75% | 11/15/45 *(a)* | &nbsp;&nbsp; 1430000 | &nbsp;&nbsp; 1433330 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A-1  | 4.00% | 11/15/46 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 242260 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A-2  | 4.00% | 11/15/41 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1913421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2002 D-2002D-2A-1  | 2.65% | 11/01/32 *(a)(c)(f)* | &nbsp;&nbsp; 590000 | &nbsp;&nbsp; 590000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 1945000 | &nbsp;&nbsp; 1945311 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 11/15/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 C-2A  | 4.00% | 11/15/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 D  | 5.00% | 11/15/29 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 55664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 D  | 5.00% | 11/15/31 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 207233 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A2  | 5.00% | 11/15/27 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/27  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 212966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C1  | 5.00% | 11/15/27  | &nbsp;&nbsp; 1225000 | &nbsp;&nbsp; 1272600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C1  | 5.00% | 11/15/31 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 72838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 5.00% | 11/15/26  | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 720804 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 5.00% | 11/15/28 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 151622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 5.00% | 11/15/29 *(a)* | &nbsp;&nbsp; 1015000 | &nbsp;&nbsp; 1060648 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 5.00% | 11/15/30 *(a)* | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 437747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 5.00% | 11/15/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 206953 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 4.00% | 11/15/35 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251708 |

---

**238**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 3.25% | 11/15/36 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 57046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 4.00% | 11/15/37 *(a)* | &nbsp;&nbsp; 495000 | &nbsp;&nbsp; 491993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 4.00% | 11/15/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 244991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-2  | 2.89% | 11/15/27 *(d)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 381759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-2  | 3.91% | 11/15/29 *(d)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 138652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-2  | 3.29% | 11/15/33 *(d)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 229097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-2  | 3.98% | 11/15/39 *(d)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 25145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-2  | 4.70% | 11/15/40 *(d)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 213374 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 D  | 5.00% | 11/15/30 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62535 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 D  | 5.00% | 11/15/32 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259641 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 D  | 5.00% | 11/15/35 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 46460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 D  | 4.00% | 11/15/42 *(a)* | &nbsp;&nbsp; 1515000 | &nbsp;&nbsp; 1428317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 D  | 4.00% | 11/15/46 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 120566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 B  | 5.00% | 11/15/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253804 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 B  | 5.00% | 11/15/27  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 B  | 5.00% | 11/15/28  | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1591902 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 E  | 5.00% | 11/15/30  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 E  | 4.00% | 11/15/45 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 63777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/33  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 102056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/34 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 79436 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/37 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 262486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/44 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 365421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.50% | 11/15/47 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 4.00% | 11/15/48 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 449610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 11/15/30  | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 438981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 4380000 | &nbsp;&nbsp; 4859086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 11/15/39 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 11/15/32  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 337192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 11/15/34  | &nbsp;&nbsp; 1430000 | &nbsp;&nbsp; 1633123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 4.63% | 11/15/50 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1198115 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.25% | 11/15/55 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 614437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 11/15/26  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1015218 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 11/15/29  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1082035 |
| **Metropolitan Transportation Authority Dedicated Tax Fund** | **Metropolitan Transportation Authority Dedicated Tax Fund** | **Metropolitan Transportation Authority Dedicated Tax Fund** | **Metropolitan Transportation Authority Dedicated Tax Fund** | **Metropolitan Transportation Authority Dedicated Tax Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B-1  | 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201961 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B-1  | 5.00% | 11/15/51 *(a)* | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 2107024 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 11/15/35 *(a)* | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 372372 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B-1  | 4.00% | 11/15/52 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 129230 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B-2  | 3.13% | 11/15/33 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 143769 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B-2  | 5.25% | 11/15/33 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 108779 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 11/15/51 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 220592 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2012 A  | 4.27% | 11/15/30 *(d)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 130533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.25% | 11/15/27 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.25% | 11/15/29 *(a)* | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 720805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.25% | 11/15/31 *(a)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 431068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B-1  | 5.00% | 11/15/42 *(a)* | &nbsp;&nbsp; 1465000 | &nbsp;&nbsp; 1585794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B-1  | 5.00% | 11/15/43 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B-1  | 5.00% | 11/15/51 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 92336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B-1  | 5.00% | 11/15/52 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 409570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B-1  | 4.00% | 11/15/54 *(a)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 694820 |

---

**239**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B-2  | 5.00% | 11/15/46 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 184177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B-2  | 5.00% | 11/15/48 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1558467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State of Illinois McCormick Place Expansion Project Fund Series 2008 <br> A-1 <br>| 2.70% | 11/01/31 *(a)(c)(f)* | &nbsp;&nbsp; 610000 | &nbsp;&nbsp; 610000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Special Tax Series 2024 A  | 4.00% | 11/15/51 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88553 |
| &nbsp;&nbsp;&nbsp;&nbsp; Special Tax Series 2024 A  | 5.25% | 11/15/54 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 125001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Special Tax State of Illinois McCormick Place Expansion Project Fund Series 2024 A  | 5.00% | 11/15/49 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 413789 |
| **Monroe County Industrial Development Corp.** | **Monroe County Industrial Development Corp.** | **Monroe County Industrial Development Corp.** | **Monroe County Industrial Development Corp.** | **Monroe County Industrial Development Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Rochester Series 2020 A  | 4.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 892545 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Rochester Series 2023 A  | 5.00% | 07/01/53 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1126388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB University of Rochester Series 2017 C  | 4.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 86266 |
| **MTA Hudson Rail Yards Trust Obligations** | **MTA Hudson Rail Yards Trust Obligations** | **MTA Hudson Rail Yards Trust Obligations** | **MTA Hudson Rail Yards Trust Obligations** | **MTA Hudson Rail Yards Trust Obligations** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 11/15/56 *(a)* | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp; 5915188 |
| **Nassau County Interim Finance Authority** | **Nassau County Interim Finance Authority** | **Nassau County Interim Finance Authority** | **Nassau County Interim Finance Authority** | **Nassau County Interim Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 11/15/29  | &nbsp;&nbsp; 830000 | &nbsp;&nbsp; 904994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 11/15/31 *(a)* | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 526519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 11/15/32 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 239739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 11/15/34 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1047727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 11/15/35 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 38497 |
| **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** | **New York City Municipal Water Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB New York City Water & Sewer System Series 2021 CC-1  | 5.00% | 06/15/51 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1020273 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2012 BB  | 4.00% | 06/15/47 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 113699 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2013 CC  | 3.75% | 06/15/47 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 285799 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2014 AA  | 4.00% | 06/15/44 *(a)* | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 485241 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2014 BB-1  | 2.90% | 06/15/49 *(a)(c)(f)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2014 CC  | 4.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 127888 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2016 AA  | 3.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 545000 | &nbsp;&nbsp; 416221 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2016 AA  | 4.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 46318 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2017  | 4.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40058 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2017  | 4.00% | 06/15/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 133677 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2017 BB-1  | 3.38% | 06/15/45 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 256599 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2017 BB-2  | 5.00% | 06/15/29 *(a)(b)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30874 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2017 DD  | 5.00% | 06/15/47 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 115600 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2018 DD-1  | 3.63% | 06/15/48 *(a)* | &nbsp;&nbsp; 1045000 | &nbsp;&nbsp; 878796 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2019 BB-1  | 3.00% | 06/15/49 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 165737 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2019 BB-1  | 5.00% | 06/15/49 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 240164 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2019 CC-1  | 4.00% | 06/15/49 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 31507 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2019 DD-1 2nd  | 4.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1003542 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 AA-2  | 5.00% | 06/15/28  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 58067 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 AA-2  | 5.00% | 06/15/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107809 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 AA-2  | 5.00% | 06/15/30  | &nbsp;&nbsp; 845000 | &nbsp;&nbsp; 926141 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 AA-2  | 5.00% | 06/15/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109546 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 AA-2  | 3.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 128692 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 AA-2  | 4.00% | 06/15/42 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 303758 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 BB-1  | 4.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 178778 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 DD-1  | 5.00% | 06/15/30  | &nbsp;&nbsp; 865000 | &nbsp;&nbsp; 948061 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 DD-1  | 4.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 446946 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 GG-1  | 5.00% | 06/15/48 *(a)* | &nbsp;&nbsp; 1195000 | &nbsp;&nbsp; 1222325 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 GG-1  | 4.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89389 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2020 GG-2  | 5.00% | 06/15/29 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 98949 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2021 AA-1  | 3.50% | 06/15/48 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 96472 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2021 AA-1  | 5.00% | 06/15/48 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 307477 |

---

**240**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2021 AA-1  | 4.00% | 06/15/51 *(a)* | &nbsp;&nbsp; 2445000 | &nbsp;&nbsp; 2175265 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2021 CC-2  | 5.00% | 06/15/28 *(a)* | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 447622 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2022 AA-1  | 5.25% | 06/15/52 *(a)* | &nbsp;&nbsp; 730000 | &nbsp;&nbsp; 762456 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2022 CC-1  | 4.00% | 06/15/52 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 176600 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2023 AA-1  | 5.25% | 06/15/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520348 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2023 AA-2  | 5.00% | 06/15/30 *(a)* | &nbsp;&nbsp; 1015000 | &nbsp;&nbsp; 1081996 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2023 CC  | 2.85% | 06/15/53 *(a)(c)(f)* | &nbsp;&nbsp; 1620000 | &nbsp;&nbsp; 1620000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2024 AA  | 5.00% | 06/15/51 *(a)* | &nbsp;&nbsp; 1065000 | &nbsp;&nbsp; 1096678 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2024 AA  | 5.25% | 06/15/53 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1567517 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2024 AA  | 4.00% | 06/15/54 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 219813 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2024 CC-1  | 5.25% | 06/15/54 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1041906 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2025 AA-1  | 5.00% | 06/15/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1025553 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2025 AA-1  | 5.25% | 06/15/55 *(a)* | &nbsp;&nbsp; 745000 | &nbsp;&nbsp; 780809 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2025 BB  | 5.00% | 06/15/48 *(a)* | &nbsp;&nbsp; 5050000 | &nbsp;&nbsp; 5253710 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2025 BB  | 4.25% | 06/15/53 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 138752 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2025 BB  | 5.25% | 06/15/55 *(a)* | &nbsp;&nbsp; 5400000 | &nbsp;&nbsp; 5648797 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2026 BB  | 5.00% | 06/15/47 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1573584 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2026 BB  | 5.00% | 06/15/48 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1043820 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2026 BB  | 4.50% | 06/15/51 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 239910 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2015  | 4.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 509502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2015 FF  | 3.50% | 06/15/37 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2016 A  | 4.50% | 06/15/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2016 A  | 3.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1751694 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2016 CC-1  | 4.00% | 06/15/33 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100487 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2016 CC-1  | 4.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2016 CC-1  | 4.00% | 06/15/38 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2016 CC-1  | 5.00% | 06/15/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 506303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2016 CC-1  | 4.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 187634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2017 AA  | 3.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 231354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2017 AA  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2017 EE  | 5.00% | 06/15/33 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 107739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2017 EE  | 5.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 230484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2017 EE  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2018 DD-2  | 5.00% | 06/15/32 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 155849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2018 DD-2  | 3.50% | 06/15/40 *(a)* | &nbsp;&nbsp; 850000 | &nbsp;&nbsp; 799107 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2018 DD-2  | 5.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2018 EE-2nd  | 5.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 620000 | &nbsp;&nbsp; 638768 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2018 FF  | 5.00% | 06/15/34 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 67948 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2019 AA  | 5.00% | 06/15/27  | &nbsp;&nbsp; 590000 | &nbsp;&nbsp; 608046 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2019 AA  | 5.00% | 06/15/32 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 183141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2019 AA  | 4.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 495497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2019 AA  | 5.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 210289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2019 EE-2  | 5.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 365708 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2019 FF-2  | 5.00% | 06/15/34 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 223043 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2019 FF-2  | 4.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25267 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2019 FF-2  | 5.00% | 06/15/38 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 236091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2019 FF-2  | 4.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 988073 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2020 AA-1  | 4.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 820000 | &nbsp;&nbsp; 732991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2020 DD-3  | 4.00% | 06/15/42 *(a)* | &nbsp;&nbsp; 2120000 | &nbsp;&nbsp; 2075382 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2020 EE  | 5.00% | 06/15/31  | &nbsp;&nbsp; 605000 | &nbsp;&nbsp; 671971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2020 EE  | 5.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36937 |

---

**241**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2020 FF  | 5.00% | 06/15/27  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2020 FF  | 5.00% | 06/15/28  | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 184759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2020 FF  | 4.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 1490000 | &nbsp;&nbsp; 1468912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2020 FF  | 5.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 580000 | &nbsp;&nbsp; 612092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2021 BB-1  | 5.00% | 06/15/44 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 341478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2021 BB-1  | 4.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 473969 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2021 DD  | 5.00% | 06/15/26  | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 412164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2021 DD  | 5.00% | 06/15/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107809 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2021 DD  | 5.00% | 06/15/31  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 149944 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2021 DD  | 5.00% | 06/15/33 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2022 AA-3  | 5.00% | 06/15/47 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 250068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2022 EE  | 5.00% | 06/15/28  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 131971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2022 EE  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 6250000 | &nbsp;&nbsp; 6727639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2022 EE  | 4.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 488188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2022 EE  | 5.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 2300000 | &nbsp;&nbsp; 2353477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2022 EE  | 5.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 1125000 | &nbsp;&nbsp; 1181990 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2023 AA-3  | 5.00% | 06/15/34  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 34190 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2023 DD  | 5.00% | 06/15/34 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 135195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2023 DD  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1375616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2023 DD  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 190364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2023 DD  | 4.13% | 06/15/46 *(a)* | &nbsp;&nbsp; 5015000 | &nbsp;&nbsp; 4805739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2023 DD  | 5.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2023 DD  | 5.25% | 06/15/46 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1063254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2023 DD  | 4.13% | 06/15/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 471729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2023 DD  | 5.25% | 06/15/47 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 173957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 AA-2  | 5.00% | 06/15/48 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 337314 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 AA-2  | 5.00% | 06/15/49 *(a)* | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 590232 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 BB  | 5.00% | 06/15/34  | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 108269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 BB  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 212074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 BB  | 5.00% | 06/15/35 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 247974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 BB  | 5.00% | 06/15/36  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 149451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 BB  | 5.00% | 06/15/36 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 117462 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 BB  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 103854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 CC-2  | 5.00% | 06/15/34  | &nbsp;&nbsp; 1800000 | &nbsp;&nbsp; 2051412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 CC-2  | 5.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2025 AA-2  | 5.00% | 06/15/35  | &nbsp;&nbsp; 4500000 | &nbsp;&nbsp; 5158560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2025 AA-2  | 5.00% | 06/15/50 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2591838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2025 CC  | 5.00% | 06/15/29  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2156171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2025 CC  | 5.00% | 06/15/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2025 CC  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2025 DD  | 5.00% | 06/15/28  | &nbsp;&nbsp; 860000 | &nbsp;&nbsp; 907960 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2026 DD  | 5.00% | 06/15/39 *(a)(e)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 837816 |
| **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** | **New York City Transitional Finance Authority Building Aid Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2012 S-1  | 4.00% | 07/15/42 *(a)(c)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 126573 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 S-2  | 4.00% | 07/15/44 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 317000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 S-1  | 4.00% | 07/15/40 *(a)* | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 414715 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 S-1  | 5.00% | 07/15/43 *(a)(c)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 308161 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 S-1  | 5.00% | 07/15/45 *(a)(c)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1535207 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 S-1  | 3.50% | 07/15/47 *(a)(c)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 310717 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 S-3  | 5.25% | 07/15/45 *(a)(c)* | &nbsp;&nbsp; 1070000 | &nbsp;&nbsp; 1101860 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 S-3  | 3.63% | 07/15/47 *(a)(c)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 276357 |

---

**242**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 S-1  | 5.00% | 07/15/27  | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 263126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 S-1  | 5.00% | 07/15/29 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 108130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 S-1  | 5.00% | 07/15/30 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1029004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 S-1  | 5.00% | 07/15/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102734 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 S-1  | 4.00% | 07/15/36 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150584 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S  | 5.00% | 07/15/28 *(c)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 153237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S  | 5.00% | 07/15/29 *(a)(c)* | &nbsp;&nbsp; 395000 | &nbsp;&nbsp; 416913 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S  | 5.00% | 07/15/34 *(a)(c)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 402687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S2A  | 4.00% | 07/15/36 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252067 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-2A  | 5.00% | 07/15/32 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 210038 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-2A  | 5.00% | 07/15/34 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-2A  | 5.00% | 07/15/35 *(a)(c)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 182662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-2A  | 4.00% | 07/15/37 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251362 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-2A  | 4.00% | 07/15/38 *(a)(c)* | &nbsp;&nbsp; 1850000 | &nbsp;&nbsp; 1855801 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-3  | 5.00% | 07/15/28 *(c)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-3  | 5.00% | 07/15/34 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S3A  | 5.00% | 07/15/26 *(c)* | &nbsp;&nbsp; 1035000 | &nbsp;&nbsp; 1042503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S3A  | 5.00% | 07/15/31 *(a)(c)* | &nbsp;&nbsp; 1390000 | &nbsp;&nbsp; 1462106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S3A  | 5.00% | 07/15/36 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 779996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-3A  | 5.00% | 07/15/27 *(c)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-3A  | 5.00% | 07/15/32 *(a)(c)* | &nbsp;&nbsp; 520000 | &nbsp;&nbsp; 546100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-3A  | 5.00% | 07/15/33 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-3A  | 5.00% | 07/15/37 *(a)(c)* | &nbsp;&nbsp; 465000 | &nbsp;&nbsp; 482191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-3A  | 4.00% | 07/15/38 *(a)(c)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 401254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-4A  | 5.00% | 07/15/27 *(c)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 232170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-4A  | 5.00% | 07/15/32 *(a)(c)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 73513 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-4A  | 5.00% | 07/15/33 *(a)(c)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 225316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 S-4A  | 5.00% | 07/15/37 *(a)(c)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 311091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018S-3A  | 5.00% | 07/15/35 *(a)* | &nbsp;&nbsp; 765000 | &nbsp;&nbsp; 798495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 S-1A  | 5.00% | 07/15/29 *(c)* | &nbsp;&nbsp; 790000 | &nbsp;&nbsp; 852037 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 S-1A  | 5.00% | 07/15/32 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55612 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 S-1A  | 5.00% | 07/15/33 *(a)(c)* | &nbsp;&nbsp; 6470000 | &nbsp;&nbsp; 7164401 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 S-1A  | 4.00% | 07/15/34 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 S-1A  | 4.00% | 07/15/37 *(a)(c)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 S  | 5.00% | 07/15/28 *(c)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 S  | 5.00% | 07/15/32 *(c)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 16932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 S-1A  | 5.00% | 07/15/30 *(c)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 38414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 S-1A  | 5.00% | 07/15/33 *(a)(c)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 22368 |
| **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** | **New York City Transitional Finance Authority Future Tax Secured Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2013 I  | 4.00% | 05/01/43 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 192084 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 A-1  | 3.50% | 08/01/38 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 184930 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 B-1  | 3.00% | 11/01/30 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 05/01/29 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 165316 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 4.00% | 05/01/30 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250177 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 05/01/32 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125218 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150237 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 4.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150017 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25035 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 05/01/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1001371 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B1  | 4.00% | 08/01/39 *(a)* | &nbsp;&nbsp; 3760000 | &nbsp;&nbsp; 3706821 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B-1  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25193 |

---

**243**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B-1  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 402899 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B-1  | 4.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 230220 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B-1  | 4.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250024 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B-1  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25138 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B-1  | 4.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 406722 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 E-1  | 3.00% | 02/01/33 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 177590 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 F-3  | 3.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 86598 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 F-3  | 3.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 695000 | &nbsp;&nbsp; 606752 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 F-3  | 3.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 265226 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 F-3  | 3.25% | 02/01/42 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 179339 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A-2  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 302867 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A-2  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 138464 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A-3  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 81456 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A-3  | 4.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 640000 | &nbsp;&nbsp; 617515 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B-1  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102931 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B-1  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 790000 | &nbsp;&nbsp; 811067 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B-1  | 4.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 685056 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B-1  | 5.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70846 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 E-1  | 5.00% | 02/01/30 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30577 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 E-1  | 5.00% | 02/01/32 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 66191 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 E-1  | 5.00% | 02/01/34 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 122058 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 E-1  | 5.00% | 02/01/43 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 353304 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 E-1  | 4.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 188470 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 F-1  | 5.00% | 05/01/30 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204950 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 F-1  | 4.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 155263 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 F-1  | 5.00% | 05/01/42 *(a)* | &nbsp;&nbsp; 675000 | &nbsp;&nbsp; 683885 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 F-1  | 3.25% | 05/01/43 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 261704 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A-1  | 5.00% | 08/01/33 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 141131 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A-1  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 271269 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A-1  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 113820 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B-1  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260836 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B-1  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41543 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B-1  | 5.25% | 08/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 208367 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B-1  | 4.00% | 08/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 994982 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 C-2  | 5.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207853 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 C-2  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 206602 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A-2  | 5.00% | 05/01/35 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 168521 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A-2  | 5.00% | 05/01/39 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 364632 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A-2  | 5.00% | 05/01/40 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 67563 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A-3  | 4.00% | 05/01/41 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 269232 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A-3  | 4.00% | 05/01/42 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 194386 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A-3  | 4.00% | 05/01/43 *(a)* | &nbsp;&nbsp; 670000 | &nbsp;&nbsp; 645836 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A-3  | 4.00% | 05/01/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 141395 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A-3  | 3.00% | 05/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 195978 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B-1  | 5.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1056663 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B-1  | 4.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 1495000 | &nbsp;&nbsp; 1462337 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B-1  | 4.00% | 11/01/45 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 185459 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B-1  | 3.00% | 11/01/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 112371 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C-1  | 5.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 565000 | &nbsp;&nbsp; 595554 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C-1  | 5.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 1490000 | &nbsp;&nbsp; 1567122 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C-1  | 4.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100866 |

---

**244**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C-1  | 4.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 70204 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C-1  | 4.00% | 11/01/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 247534 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C-1  | 4.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 489076 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 C-1  | 4.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 3030000 | &nbsp;&nbsp; 2950914 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 5.00% | 05/01/31 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54523 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 5.00% | 05/01/35 *(a)* | &nbsp;&nbsp; 580000 | &nbsp;&nbsp; 622057 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 4.00% | 05/01/38 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 130434 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 4.00% | 05/01/40 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 34611 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 4.00% | 05/01/41 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 197346 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 4.00% | 05/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 244409 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 4.00% | 05/01/43 *(a)* | &nbsp;&nbsp; 1935000 | &nbsp;&nbsp; 1876613 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C-1  | 4.00% | 05/01/45 *(a)* | &nbsp;&nbsp; 1365000 | &nbsp;&nbsp; 1296132 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D1  | 4.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 244350 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D-1  | 4.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 91172 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B  | 5.00% | 08/01/26 *(b)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85709 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B-1  | 5.00% | 08/01/26  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10082 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B-1  | 4.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 502043 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B-1  | 3.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 110361 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B-1  | 4.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 80112 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B-1  | 3.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 888881 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B-1  | 4.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 135024 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 E-1  | 5.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 194166 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 E-1  | 4.00% | 02/01/40 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 9910 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 E-1  | 4.00% | 02/01/41 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24640 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 E-1  | 4.00% | 02/01/43 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 159892 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 E-1  | 4.00% | 02/01/46 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 32527 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 E-1  | 4.00% | 02/01/49 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 228698 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 5.00% | 08/01/29  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 59132 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 5.00% | 08/01/30  | &nbsp;&nbsp; 545000 | &nbsp;&nbsp; 595551 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 5.00% | 08/01/32  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 83689 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 492691 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 5.25% | 08/01/40 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 140467 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31817 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 5.25% | 08/01/42 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26797 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 5.00% | 08/01/43 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2099643 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 5.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 72572 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A-1  | 4.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2095179 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C-1  | 5.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 290186 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C-1  | 4.00% | 02/01/40 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 693728 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C-1  | 4.00% | 02/01/41 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1971237 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C-1  | 4.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 1320000 | &nbsp;&nbsp; 1289071 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C-1  | 5.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 156037 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C-1  | 4.00% | 02/01/47 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 261077 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 C-1  | 5.00% | 02/01/47 *(a)* | &nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2302479 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 D-1  | 5.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 370180 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 D-1  | 5.25% | 11/01/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 161148 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 D-1  | 5.25% | 11/01/48 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 181948 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 F-1  | 5.00% | 02/01/40 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53097 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 F-1  | 5.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 241803 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 F-1  | 5.00% | 02/01/43 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 130783 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 F-1  | 5.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 93622 |

---

**245**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 F-1  | 5.00% | 02/01/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153499 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 F-1  | 4.00% | 02/01/51 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 274603 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 F-1  | 5.00% | 02/01/51 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 508730 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 1625000 | &nbsp;&nbsp; 1792618 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 219119 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/40 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37596 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/46 *(a)* | &nbsp;&nbsp; 765000 | &nbsp;&nbsp; 793306 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/47 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 345513 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 05/01/53 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127593 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 5.00% | 05/01/35 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 106273 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 5.25% | 05/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1042471 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 4.38% | 05/01/53 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 140982 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 C  | 5.50% | 05/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 218772 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 C  | 5.25% | 05/01/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 157021 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 C  | 5.50% | 05/01/53 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105680 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 F-1  | 5.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 218872 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 F-1  | 5.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 1715000 | &nbsp;&nbsp; 1821611 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 F-1  | 5.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209991 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 F-1  | 4.00% | 02/01/51 *(a)* | &nbsp;&nbsp; 2665000 | &nbsp;&nbsp; 2405186 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C-S  | 5.00% | 05/01/29  | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 396003 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C-S  | 5.00% | 05/01/45 *(a)* | &nbsp;&nbsp; 930000 | &nbsp;&nbsp; 978022 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C-S  | 5.00% | 05/01/46 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 313055 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C-S  | 5.25% | 05/01/49 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 419811 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C-S  | 5.00% | 05/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1026630 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 05/01/33  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1122679 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 1115000 | &nbsp;&nbsp; 1251089 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 222606 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 05/01/38 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 380165 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 05/01/40 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 168565 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 05/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265213 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.25% | 05/01/45 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 252366 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 05/01/49 *(a)* | &nbsp;&nbsp; 3320000 | &nbsp;&nbsp; 3414101 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 05/01/50 *(a)* | &nbsp;&nbsp; 535000 | &nbsp;&nbsp; 549247 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.50% | 05/01/52 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2661418 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 4.25% | 05/01/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 462324 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 F-1  | 5.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 222995 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 F-1  | 5.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 120554 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 F-1  | 5.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 219340 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 F-1  | 5.00% | 02/01/48 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1028110 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 F-1  | 5.25% | 02/01/53 *(a)* | &nbsp;&nbsp; 2650000 | &nbsp;&nbsp; 2757027 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 G-1  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 431854 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 G-1  | 5.00% | 05/01/38 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 148069 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 G-1  | 5.00% | 05/01/40 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 238294 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 G-1  | 5.00% | 05/01/46 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260350 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 G-1  | 5.00% | 05/01/47 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20707 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 G-1  | 5.25% | 05/01/48 *(a)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 278083 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 G-1  | 5.25% | 05/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104713 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 G-1  | 5.25% | 05/01/51 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 344015 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 G-1  | 4.13% | 05/01/52 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 165770 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 05/01/30  | &nbsp;&nbsp; 1355000 | &nbsp;&nbsp; 1474988 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 05/01/44 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3199952 |

---

**246**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 05/01/34  | &nbsp;&nbsp; 1850000 | &nbsp;&nbsp; 2091062 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.25% | 05/01/48 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1057025 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 05/01/51 *(a)* | &nbsp;&nbsp; 2525000 | &nbsp;&nbsp; 2596427 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 E  | 5.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274630 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 E  | 5.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 542150 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 E  | 5.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268830 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 E  | 5.00% | 11/01/44 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 530495 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 E  | 5.00% | 11/01/53 *(a)* | &nbsp;&nbsp; 755000 | &nbsp;&nbsp; 773457 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 H  | 5.00% | 11/01/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274212 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 H  | 5.00% | 11/01/31  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 221400 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 H  | 5.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275842 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 H  | 5.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272104 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 H  | 5.00% | 11/01/43 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2144461 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 H  | 5.25% | 11/01/48 *(a)* | &nbsp;&nbsp; 3970000 | &nbsp;&nbsp; 4186811 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 F-1  | 5.00% | 02/01/28  | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1566650 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 F-1  | 5.00% | 02/01/29  | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1597756 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 F-1  | 5.00% | 02/01/30  | &nbsp;&nbsp; 1700000 | &nbsp;&nbsp; 1842985 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 F-1  | 5.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3952194 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 F-1  | 5.00% | 02/01/41 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1093144 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 F-1  | 5.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3204125 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 F-1  | 5.00% | 02/01/46 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1310697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2002 1  | 5.00% | 11/01/27  | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15579 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2002 1  | 5.00% | 11/01/28  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 196135 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C  | 5.00% | 11/01/30 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 133159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25593 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 424240 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/26  | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 65932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/27  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/29  | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 388758 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 65340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 3.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 287600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 3.00% | 11/01/39 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 184102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 5.00% | 11/01/26  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2028685 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 5.00% | 11/01/28  | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 349863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 5.00% | 11/01/29  | &nbsp;&nbsp; 1040000 | &nbsp;&nbsp; 1123079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 5.00% | 11/01/30  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 49358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 220175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 4.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A-1  | 4.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 140427 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-1  | 5.00% | 11/01/26  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 309375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-1  | 5.00% | 11/01/27  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 129825 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-1  | 5.00% | 11/01/28  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 137825 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-1  | 5.00% | 11/01/29  | &nbsp;&nbsp; 605000 | &nbsp;&nbsp; 653330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-1  | 5.00% | 11/01/30  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 38390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-1  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 279615 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-1  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 196652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-1  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 206749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 F-1  | 4.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B-1  | 5.00% | 11/01/26  | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 218084 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B-1  | 5.00% | 11/01/29  | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 356362 |

---

**247**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B-1  | 5.00% | 11/01/30  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 329054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B-1  | 5.25% | 11/01/37 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 219827 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 D-1  | 5.00% | 11/01/29  | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 205178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 D-1  | 5.00% | 11/01/30  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 98716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 D-1  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 D-1  | 5.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/26  | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 273873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/27  | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 498528 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106019 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/29  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 134986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/30  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 142590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/31  | &nbsp;&nbsp; 580000 | &nbsp;&nbsp; 642059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/32  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 167774 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 22312 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3214421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 E-1  | 5.00% | 11/01/41 *(a)* | &nbsp;&nbsp; 5225000 | &nbsp;&nbsp; 5593455 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/26  | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 142008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/27  | &nbsp;&nbsp; 1440000 | &nbsp;&nbsp; 1495584 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 159029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/30 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 60327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 2348840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 1245000 | &nbsp;&nbsp; 1403270 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 1560000 | &nbsp;&nbsp; 1768628 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 3940000 | &nbsp;&nbsp; 4443928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 2010000 | &nbsp;&nbsp; 2247742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 1640000 | &nbsp;&nbsp; 1819997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/39 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 59940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A-1  | 5.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 211438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/27  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51930 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/28  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 90116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/30  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 293867 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 207457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 455000 | &nbsp;&nbsp; 506090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 463772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 38275 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 675000 | &nbsp;&nbsp; 729071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 D-1  | 5.00% | 11/01/41 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 593511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 F-1  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 3250000 | &nbsp;&nbsp; 3635109 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 F-1  | 5.00% | 11/01/37 *(a)* | &nbsp;&nbsp; 7000000 | &nbsp;&nbsp; 7803980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 G-1  | 5.00% | 11/01/30 *(a)* | &nbsp;&nbsp; 1465000 | &nbsp;&nbsp; 1606882 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 G-1  | 5.00% | 11/01/31 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 G-1  | 5.00% | 11/01/34  | &nbsp;&nbsp; 1085000 | &nbsp;&nbsp; 1230103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 G-1  | 5.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1685743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 J-1  | 5.00% | 11/01/27  | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4154400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 D-1  | 5.00% | 11/01/30  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1096848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 D-1  | 5.00% | 11/01/32  | &nbsp;&nbsp; 2015000 | &nbsp;&nbsp; 2253768 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 D-1  | 5.00% | 11/01/34  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1133736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 D-1  | 5.00% | 11/01/35  | &nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2556810 |

---

**248**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **New York Convention Center Development Corp.** | **New York Convention Center Development Corp.** | **New York Convention Center Development Corp.** | **New York Convention Center Development Corp.** | **New York Convention Center Development Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB New York City Hotel Unit Fee Revenue Series 2016 A  | 4.80% | 11/15/47 *(d)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 106502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB New York City Hotel Unit Fee Revenue Series 2015  | 5.00% | 11/15/40 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125068 |
| **New York Liberty Development Corp.** | **New York Liberty Development Corp.** | **New York Liberty Development Corp.** | **New York Liberty Development Corp.** | **New York Liberty Development Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Portfolio Authority of New York & New Jersey Series 2021 1  | 3.00% | 02/15/42 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 543803 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Portfolio Authority of New York & New Jersey Series 2021 1  | 4.00% | 02/15/43 *(a)* | &nbsp;&nbsp; 1995000 | &nbsp;&nbsp; 1883215 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Portfolio Authority of New York & New Jersey Series 2021 1  | 2.75% | 02/15/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 111476 |
| **New York Power Authority** | **New York Power Authority** | **New York Power Authority** | **New York Power Authority** | **New York Power Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 11/15/30  | &nbsp;&nbsp; 540000 | &nbsp;&nbsp; 601060 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 11/15/54 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 221980 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB SFP Transmission Project Series 2022 A  | 4.00% | 11/15/52 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 11/15/45 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2355214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 11/15/50 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 269514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 11/15/55 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 394743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 3.25% | 11/15/60 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 714889 |
| **New York State Dormitory Authority** | **New York State Dormitory Authority** | **New York State Dormitory Authority** | **New York State Dormitory Authority** | **New York State Dormitory Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 10/01/31 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 283398 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 10/01/30 *(a)(c)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36150 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 10/01/31 *(a)(c)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 326288 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 10/01/32 *(a)(c)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 298915 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 10/01/34 *(a)(c)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 67746 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 10/01/26 *(c)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 121546 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 10/01/29 *(c)* | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 384915 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 10/01/33 *(a)(c)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 86854 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 10/01/35 *(a)(c)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 166760 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/26 *(c)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 405153 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/27 *(c)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2076317 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/28 *(c)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 63716 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/30 *(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/32 *(c)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 51062 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/34 *(a)(c)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 186555 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/36 *(a)(c)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 249706 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 10/01/37 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1079698 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A-1  | 5.00% | 03/15/29 *(b)* | &nbsp;&nbsp; 890000 | &nbsp;&nbsp; 950587 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 10/01/26 *(c)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2025766 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 10/01/28 *(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53096 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 10/01/32 *(c)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 141840 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 10/01/34 *(a)(c)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 351212 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 10/01/35 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 554074 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 10/01/36 *(a)(c)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 115756 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 10/01/27  | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4152634 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 339205 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 10/01/38 *(a)(c)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1667717 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Dormitory Facilities Revenue Series 2019 A  | 4.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88093 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Fordham University Series 2020  | 4.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 170247 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Fordham University Series 2020  | 4.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 65462 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Institute of Technology Series 2024  | 5.25% | 07/01/54 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100079 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB New York University Series 2016 A  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251266 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB New York University Series 2016 A  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75340 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB New York University Series 2016 A  | 4.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 94936 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB New York University Series 2016 A  | 4.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 192585 |

---

**249**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB New York University Series 2019 A  | 4.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp; 1279271 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB New York University Series 2019 A  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 3940000 | &nbsp;&nbsp; 4017648 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Pace University Series 2024 A  | 5.50% | 05/01/56 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 168977 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2016 A  | 5.00% | 02/15/33 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201613 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2016 A  | 5.00% | 02/15/34 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 45353 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2016 A  | 5.00% | 02/15/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100691 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2016 D  | 5.00% | 02/15/27 *(a)(b)* | &nbsp;&nbsp; 1735000 | &nbsp;&nbsp; 1751424 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2016 D  | 5.00% | 02/15/28 *(a)(b)* | &nbsp;&nbsp; 995000 | &nbsp;&nbsp; 1004419 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2017 A  | 5.00% | 02/15/28 *(a)(b)* | &nbsp;&nbsp; 680000 | &nbsp;&nbsp; 694970 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2017 A  | 5.00% | 02/15/29 *(a)(b)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255504 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2017 B  | 5.00% | 02/15/28 *(a)(b)* | &nbsp;&nbsp; 1095000 | &nbsp;&nbsp; 1132561 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2020 A  | 3.00% | 03/15/49 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 476213 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2021 A  | 5.00% | 03/15/29 *(b)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37331 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2021 E  | 5.00% | 03/15/29 *(b)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 406877 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2021 E  | 5.00% | 03/15/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 275670 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2021 E  | 5.00% | 03/15/32  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 50203 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/29 *(b)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 149325 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Rochester Institute of Technology Series 2019 A  | 4.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 186417 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2016 A  | 5.00% | 03/15/27 *(a)(b)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151767 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2016 A  | 5.00% | 03/15/29 *(a)(b)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 430007 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2016 A  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 202190 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2016 A  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 303190 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2016 A  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100927 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2017 A  | 5.00% | 03/15/27 *(b)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 148551 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2017 A  | 5.00% | 03/15/28 *(a)(b)* | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 522489 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2017 A  | 5.00% | 03/15/29 *(a)(b)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 281734 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2017 A  | 5.00% | 03/15/30 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51127 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2017 A  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153277 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2017 A  | 5.00% | 03/15/33 *(a)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 535915 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2017 A  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 234476 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 339660 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 182737 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 5.00% | 03/15/33 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 359551 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 145204 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 5.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51554 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 66915 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 5.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 210596 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 5.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 1155000 | &nbsp;&nbsp; 1184001 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 5.00% | 03/15/45 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204151 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 4.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 68338 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2018 A  | 4.00% | 03/15/48 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 188992 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 280891 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/38 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1670776 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 710000 | &nbsp;&nbsp; 784325 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 2515000 | &nbsp;&nbsp; 2741147 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 651062 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 130582 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/50 *(a)* | &nbsp;&nbsp; 1850000 | &nbsp;&nbsp; 1909770 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/51 *(a)* | &nbsp;&nbsp; 910000 | &nbsp;&nbsp; 937214 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/52 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 143813 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/54 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 138306 |

---

**250**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Sales Tax Revenue Series 2024 A  | 5.00% | 03/15/56 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 460243 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Columbia University in the City of New York Series 2016 A-2  | 5.00% | 10/01/46  | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 831267 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Columbia University in the City of New York Series 2016 A-2  | 5.00% | 10/01/46 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30037 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Columbia University in the City of New York Series 2017 A  | 5.00% | 10/01/47  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273378 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Columbia University in the City of New York Series 2018 A  | 5.00% | 10/01/28  | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 245109 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of Columbia University in the City of New York Series 2023 A  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 165680 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A-1  | 5.00% | 03/15/29  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 117709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Cornell University Series 2020 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Cornell University Series 2020 A  | 4.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 245365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Cornell University Series 2024 A  | 5.50% | 07/01/54 *(a)* | &nbsp;&nbsp; 2580000 | &nbsp;&nbsp; 2759689 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fordham University Series 2016 A  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 230024 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Icahn School of Medicine at Mount Sinai Series 2015 A  | 4.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 192355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Icahn School of Medicine at Mount Sinai Series 2015 A  | 4.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 555000 | &nbsp;&nbsp; 524926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB New School Series 2016 A  | 4.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 628952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB New School Series 2022 A  | 4.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 65426 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB New York University Series 2017 A  | 5.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 164272 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB New York University Series 2017 A  | 4.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 410981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB New York University Series 2021 A  | 4.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 18579 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2015 E  | 3.25% | 03/15/35 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 266304 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2015 E  | 3.25% | 03/15/36 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 147784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 A  | 5.00% | 02/15/27 *(b)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 97091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 A  | 5.00% | 02/15/30 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 A  | 5.00% | 02/15/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 A  | 4.00% | 02/15/34 *(a)* | &nbsp;&nbsp; 1330000 | &nbsp;&nbsp; 1337590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 A  | 4.00% | 02/15/35 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125436 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 A  | 4.00% | 02/15/36 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 170363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 A  | 5.00% | 02/15/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101444 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 B  | 5.00% | 02/15/37 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 B  | 5.00% | 02/15/38 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 B  | 5.00% | 02/15/40 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 B  | 5.00% | 02/15/41 *(a)* | &nbsp;&nbsp; 1470000 | &nbsp;&nbsp; 1497935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 B  | 5.00% | 02/15/42 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 346095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2017 B  | 5.00% | 02/15/43 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25418 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2018 A  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 184081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2018 A  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 210058 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2018 A  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2018 A  | 5.25% | 03/15/37 *(a)* | &nbsp;&nbsp; 745000 | &nbsp;&nbsp; 780551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2018 A  | 5.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 1290000 | &nbsp;&nbsp; 1334072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2018 A  | 4.00% | 03/15/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/33 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 164344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/34 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 328050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 68672 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 68487 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 605000 | &nbsp;&nbsp; 636295 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/38 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31488 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 146510 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 119871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 363791 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/45 *(a)* | &nbsp;&nbsp; 1280000 | &nbsp;&nbsp; 1318897 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2019 A  | 5.00% | 03/15/46 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256534 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 5.00% | 03/15/30  | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 413252 |

---

**251**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 535000 | &nbsp;&nbsp; 582738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 5.00% | 03/15/33 *(a)* | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 618992 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 4.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 4.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 198137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 3.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 328829 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 4.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 47303 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 4.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 67160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 A  | 3.00% | 03/15/50 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 869823 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 D  | 5.00% | 02/15/30  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 124885 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 D  | 4.00% | 02/15/36 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 D  | 4.00% | 02/15/39 *(a)* | &nbsp;&nbsp; 3605000 | &nbsp;&nbsp; 3607829 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 D  | 5.00% | 02/15/41 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 157896 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 D  | 4.00% | 02/15/47 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2238065 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2020 D-2024  | 4.00% | 02/15/49 *(a)* | &nbsp;&nbsp; 1245000 | &nbsp;&nbsp; 1105175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 5.00% | 03/15/29  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 5.00% | 03/15/30  | &nbsp;&nbsp; 615000 | &nbsp;&nbsp; 668816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 5.00% | 03/15/33 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 437582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 5.00% | 03/15/34 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 369971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 920000 | &nbsp;&nbsp; 995840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 4.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 217106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 4.00% | 03/15/38 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1004633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 4.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 53850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 4.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 665000 | &nbsp;&nbsp; 595485 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A  | 3.00% | 03/15/51 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 107794 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 E  | 4.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 419789 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 E  | 3.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 852873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 E  | 4.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 99335 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 E  | 4.00% | 03/15/48 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 26741 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 E  | 3.00% | 03/15/51 *(a)* | &nbsp;&nbsp; 1115000 | &nbsp;&nbsp; 794251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/28 *(b)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/29 *(b)* | &nbsp;&nbsp; 630000 | &nbsp;&nbsp; 674559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/33 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 44385 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 4.00% | 03/15/34 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25901 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 4.00% | 03/15/38 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 4.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 230182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 323520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 4.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 520000 | &nbsp;&nbsp; 505437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 4.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 2400000 | &nbsp;&nbsp; 2314324 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/46 *(a)* | &nbsp;&nbsp; 495000 | &nbsp;&nbsp; 513236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 4.00% | 03/15/49 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1107468 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 3.50% | 03/15/52 *(a)* | &nbsp;&nbsp; 1185000 | &nbsp;&nbsp; 936907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2023 A  | 5.00% | 03/15/30  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2023 A  | 5.00% | 03/15/31  | &nbsp;&nbsp; 3125000 | &nbsp;&nbsp; 3445873 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2023 A  | 5.00% | 03/15/33  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 39368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/27  | &nbsp;&nbsp; 1310000 | &nbsp;&nbsp; 1341195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/29  | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 74864 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/31  | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 446585 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/32  | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 535498 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/34  | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 198295 |

---

**252**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 195831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 1275000 | &nbsp;&nbsp; 1393356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 352836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 281013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 118317 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 1125000 | &nbsp;&nbsp; 1204034 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.00% | 03/15/46 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 120405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 4.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 898775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.25% | 03/15/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 157757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.25% | 03/15/49 *(a)* | &nbsp;&nbsp; 945000 | &nbsp;&nbsp; 992438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 5.25% | 03/15/52 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 781793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2024 A  | 4.00% | 03/15/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 438296 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/33  | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 286827 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/34  | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2832782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2723421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/49 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1551148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/51 *(a)* | &nbsp;&nbsp; 2120000 | &nbsp;&nbsp; 2181526 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 512721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/54 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1534007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/55 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 383175 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 C  | 5.00% | 03/15/30  | &nbsp;&nbsp; 3405000 | &nbsp;&nbsp; 3702955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 C  | 5.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 810912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2025 C  | 5.25% | 03/15/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1055864 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2026  | 5.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1909682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Rockefeller University Series 2019 C  | 4.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 445532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 C  | 5.00% | 03/15/30 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 162299 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 C  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 292748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 C  | 5.00% | 03/15/32 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 229759 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 C  | 5.00% | 03/15/33 *(a)* | &nbsp;&nbsp; 1180000 | &nbsp;&nbsp; 1230051 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 C  | 5.00% | 03/15/34 *(a)* | &nbsp;&nbsp; 1465000 | &nbsp;&nbsp; 1524865 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 C  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 290954 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 C  | 5.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1034682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 C  | 5.00% | 03/15/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102730 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/27 *(b)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 163918 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/30 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 338588 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26407 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/33 *(a)* | &nbsp;&nbsp; 840000 | &nbsp;&nbsp; 884187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/34 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 315123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 675000 | &nbsp;&nbsp; 707725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 460387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 302559 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 640000 | &nbsp;&nbsp; 665301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 415047 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 513993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2018 E  | 5.00% | 03/15/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 254745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2023 A-1  | 5.00% | 03/15/33  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 124245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2023 A-1  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 213226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2023 A-1  | 5.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 82805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2023 A-1  | 5.00% | 03/15/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263172 |

---

**253**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2023 A-1  | 5.00% | 03/15/53 *(a)* | &nbsp;&nbsp; 2165000 | &nbsp;&nbsp; 2211964 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/28  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/30 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 375460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/33  | &nbsp;&nbsp; 5005000 | &nbsp;&nbsp; 5653151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/34  | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 324229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/35  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1143496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/36 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 342077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 395000 | &nbsp;&nbsp; 438763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1375412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 108077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 450054 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/45 *(a)* | &nbsp;&nbsp; 2665000 | &nbsp;&nbsp; 2831747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 4.00% | 03/15/54 *(a)* | &nbsp;&nbsp; 1560000 | &nbsp;&nbsp; 1366056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2024 B  | 5.00% | 03/15/54 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 220507 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2025 A  | 4.25% | 03/15/48 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1177203 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Tax Revenue Series 2025 A  | 5.00% | 03/15/55 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 718090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB State University of New York Dormitory Facilities Revenue Series 2017 <br> A <br>| 5.00% | 07/01/26  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Trustees of Columbia University in the City of New York Series 2018 B  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 2045000 | &nbsp;&nbsp; 2115172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Yeshiva University Series 2022 A  | 5.00% | 07/15/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 239564 |
| **New York State Environmental Facilities Corp.** | **New York State Environmental Facilities Corp.** | **New York State Environmental Facilities Corp.** | **New York State Environmental Facilities Corp.** | **New York State Environmental Facilities Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water & Sewer System Series 2017 E  | 5.00% | 06/15/47 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 202200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2016 A  | 5.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100497 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2017 A  | 5.00% | 06/15/46 *(a)* | &nbsp;&nbsp; 2075000 | &nbsp;&nbsp; 2100539 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2020 A  | 4.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2022 A  | 5.00% | 06/15/51 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258618 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 A  | 5.00% | 06/15/27  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 A  | 5.00% | 06/15/32  | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 79369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 A  | 5.00% | 06/15/34  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 92556 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 A  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 122460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 A  | 5.00% | 06/15/49 *(a)* | &nbsp;&nbsp; 1005000 | &nbsp;&nbsp; 1053698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Water & Sewer System Series 2024 A  | 5.25% | 06/15/53 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1056870 |
| **New York State Thruway Authority** | **New York State Thruway Authority** | **New York State Thruway Authority** | **New York State Thruway Authority** | **New York State Thruway Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 4.00% | 01/01/51 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 73199 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 01/01/30  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 146652 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 3520000 | &nbsp;&nbsp; 3522147 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 99370 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 171703 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 01/01/40 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 49084 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 01/01/41 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 122414 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 01/01/45 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 700204 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 01/01/45 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92691 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 3.00% | 01/01/46 *(a)* | &nbsp;&nbsp; 910000 | &nbsp;&nbsp; 688542 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 3.00% | 01/01/53 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 71303 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 01/01/53 *(a)(c)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 26050 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 N  | 4.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 88829 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 N  | 3.00% | 01/01/50 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 545008 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2022 C  | 5.00% | 03/15/53 *(a)* | &nbsp;&nbsp; 5040000 | &nbsp;&nbsp; 5117279 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2022 C  | 4.13% | 03/15/57 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 401202 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1117716 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2773104 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 644420 |

---

**254**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 1440000 | &nbsp;&nbsp; 1504239 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2025 A  | 5.00% | 03/15/51 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2059094 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2025 B  | 5.00% | 03/15/56 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 765781 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Personal Income Tax Revenue Series 2025 B  | 5.00% | 03/15/59 *(a)* | &nbsp;&nbsp; 1420000 | &nbsp;&nbsp; 1446622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 L  | 5.00% | 01/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 L  | 5.00% | 01/01/33 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 139725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 L  | 5.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 222211 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 L  | 5.00% | 01/01/35 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 134186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 L  | 4.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25171 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 L  | 3.50% | 01/01/37 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 316281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 O  | 5.00% | 01/01/33 *(a)* | &nbsp;&nbsp; 3315000 | &nbsp;&nbsp; 3646784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 O  | 4.00% | 01/01/41 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 222049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 O  | 4.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 146474 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 O  | 4.00% | 01/01/45 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 703656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 P  | 5.00% | 01/01/27  | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1121347 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 P  | 5.00% | 01/01/34  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 178133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 P  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 28416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 P  | 5.00% | 01/01/43 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 178631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 P  | 5.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107409 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 P  | 5.00% | 01/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104420 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 P  | 5.25% | 01/01/54 *(a)* | &nbsp;&nbsp; 795000 | &nbsp;&nbsp; 832365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 Q  | 5.00% | 01/01/28  | &nbsp;&nbsp; 1195000 | &nbsp;&nbsp; 1248077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 Q  | 5.00% | 01/01/30  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1090428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A1  | 5.00% | 03/15/30  | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 98123 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270967 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 4.00% | 03/15/37 *(a)* | &nbsp;&nbsp; 5080000 | &nbsp;&nbsp; 5100095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 4.00% | 03/15/41 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 242338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 4.00% | 03/15/45 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 204779 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 4.00% | 03/15/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 454836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 3.00% | 03/15/48 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 97419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 3.00% | 03/15/49 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 742767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 4.00% | 03/15/52 *(a)* | &nbsp;&nbsp; 695000 | &nbsp;&nbsp; 612104 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 4.00% | 03/15/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 436551 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 4.00% | 03/15/56 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 290197 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 4.00% | 03/15/57 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 302172 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2021 A-1  | 4.00% | 03/15/59 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 184384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022  | 5.00% | 03/15/40 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 236479 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022  | 4.00% | 03/15/43 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 222328 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022  | 4.00% | 03/15/44 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 224932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/28  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 47146 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/30  | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 239856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/31  | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4430257 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/35 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 419910 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/39 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 205136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 5.00% | 03/15/48 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 46204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 4.00% | 03/15/49 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 402143 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Personal Income Tax Revenue Series 2022 A  | 4.00% | 03/15/51 *(a)* | &nbsp;&nbsp; 3395000 | &nbsp;&nbsp; 3007952 |
| **Onondaga Civic Development Corp.** | **Onondaga Civic Development Corp.** | **Onondaga Civic Development Corp.** | **Onondaga Civic Development Corp.** | **Onondaga Civic Development Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Syracuse University Series 2025  | 4.50% | 12/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 977650 |

---

**255**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Onondaga County Trust for Cultural Resources** | **Onondaga County Trust for Cultural Resources** | **Onondaga County Trust for Cultural Resources** | **Onondaga County Trust for Cultural Resources** | **Onondaga County Trust for Cultural Resources** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Syracuse University Series 2019  | 5.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Syracuse University Series 2019  | 4.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 457281 |
| **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** | **Port Authority of New York & New Jersey** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2012 175th  | 3.25% | 12/01/42 *(a)* | &nbsp;&nbsp; 795000 | &nbsp;&nbsp; 682059 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 4.00% | 11/01/41 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 197491 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 11/01/44 *(a)* | &nbsp;&nbsp; 2620000 | &nbsp;&nbsp; 2722219 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 237  | 5.00% | 01/15/52 *(a)* | &nbsp;&nbsp; 1060000 | &nbsp;&nbsp; 1092571 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 241  | 5.00% | 07/15/41 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10914 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 241  | 5.00% | 07/15/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 198  | 5.00% | 11/15/46 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25134 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 198  | 5.25% | 11/15/56 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 160434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 5.25% | 10/15/57 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201985 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 205  | 5.00% | 11/15/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 205  | 5.00% | 11/15/34 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 129169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 209  | 5.00% | 07/15/32 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 157324 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 209  | 5.00% | 07/15/34 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 67971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 209  | 5.00% | 07/15/35 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 334156 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 211  | 4.00% | 09/01/43 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 146631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 212  | 4.00% | 09/01/37 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 212th  | 5.00% | 09/01/34 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 143909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 212th  | 4.00% | 09/01/39 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 213  | 5.00% | 09/01/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 213199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 222  | 5.00% | 07/15/33 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 135239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 222  | 5.00% | 07/15/34 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 161721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 222  | 5.00% | 07/15/35 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 263345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 222  | 4.00% | 07/15/39 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100525 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 222  | 4.00% | 07/15/40 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 224  | 4.00% | 07/15/41 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 149806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 224  | 4.00% | 07/15/61 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 256921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 230  | 4.00% | 12/01/26  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 233  | 5.25% | 08/01/52 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 188296 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 240  | 5.00% | 07/15/53 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1237872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 243  | 5.00% | 12/01/26  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2033105 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 243  | 5.00% | 12/01/37 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 100676 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 244  | 5.00% | 07/15/35 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 286441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 244  | 5.00% | 07/15/38 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2234963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 244  | 5.00% | 07/15/39 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 161087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 244  | 5.00% | 07/15/49 *(a)* | &nbsp;&nbsp; 2465000 | &nbsp;&nbsp; 2570917 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 245  | 5.00% | 09/01/37 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 73437 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 245  | 5.00% | 09/01/49 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1043856 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 245  | 5.00% | 09/01/54 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258814 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 248  | 5.00% | 01/15/50 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 250259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 250  | 5.00% | 10/15/28  | &nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2393594 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 250  | 5.00% | 10/15/31  | &nbsp;&nbsp; 1395000 | &nbsp;&nbsp; 1563858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 250  | 5.00% | 10/15/32  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1133912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 250  | 5.00% | 10/15/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1123185 |
| **State of New York** | **State of New York** | **State of New York** | **State of New York** | **State of New York** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2013 A  | 3.50% | 03/01/43 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 41608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 A  | 5.00% | 03/15/38 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 171924 |

---

**256**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Suffolk County Water Authority** | **Suffolk County Water Authority** | **Suffolk County Water Authority** | **Suffolk County Water Authority** | **Suffolk County Water Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 3.25% | 06/01/43 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 219642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 4.00% | 06/01/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100104 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 3.00% | 06/01/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100006 |
| **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** | **Triborough Bridge & Tunnel Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 A  | 5.00% | 11/15/50 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125009 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 C-2  | 5.00% | 11/15/42 *(a)* | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3577597 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 11/15/45 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204477 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 4.00% | 11/15/47 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 181587 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 4.00% | 11/15/48 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 897330 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 11/15/49 *(a)* | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1177834 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 4.00% | 11/15/54 *(a)* | &nbsp;&nbsp; 1655000 | &nbsp;&nbsp; 1450533 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 11/15/54 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3060033 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 11/15/51 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 142724 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 11/15/56 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 324881 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 11/15/42 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31747 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 11/15/47 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 300006 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.50% | 11/15/57 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1047262 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B-1  | 5.00% | 11/15/48 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 335657 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.25% | 11/15/51 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209576 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 4.00% | 11/15/54 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 30676 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 02/01/28  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2085570 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 03/01/28  | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 245854 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2021 <br> C-1A <br>| 4.00% | 05/15/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93448 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2021 <br> C-1A <br>| 5.00% | 05/15/51 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 122621 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2021 <br> C3 <br>| 3.00% | 05/15/51 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 367042 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2021 <br> C-3 <br>| 2.50% | 05/15/51 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 189035 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2021 <br> C-3 <br>| 4.00% | 05/15/51 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 109232 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 B  | 4.00% | 05/15/26  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100191 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 B  | 5.00% | 05/15/26  | &nbsp;&nbsp; 465000 | &nbsp;&nbsp; 466451 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 B  | 4.00% | 05/15/27  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 305192 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 B  | 5.00% | 05/15/28  | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 484458 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 B  | 5.00% | 05/15/29  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 215016 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 B  | 5.00% | 05/15/31  | &nbsp;&nbsp; 1280000 | &nbsp;&nbsp; 1419293 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 B  | 5.00% | 05/15/32  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 173519 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 C  | 5.25% | 05/15/41 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 48758 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 C  | 5.00% | 05/15/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106515 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 C  | 5.00% | 05/15/47 *(a)* | &nbsp;&nbsp; 395000 | &nbsp;&nbsp; 407011 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 C  | 4.13% | 05/15/52 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 898008 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 C  | 5.25% | 05/15/52 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 341278 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 <br> D-2 <br>| 4.50% | 05/15/47 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 19713 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 <br> D-2 <br>| 5.25% | 05/15/47 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 577007 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 <br> D-2 <br>| 4.50% | 05/15/52 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 948313 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2022 <br> D-2 <br>| 5.50% | 05/15/52 *(a)* | &nbsp;&nbsp; 645000 | &nbsp;&nbsp; 677703 |

---

**257**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2023 B  | 5.00% | 11/15/28 *(a)* | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 603464 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2023 B  | 5.00% | 11/15/33 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 279768 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2024 A  | 5.00% | 05/15/49 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 175462 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2024 A  | 5.00% | 05/15/54 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153237 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2024 B  | 5.00% | 03/15/27  | &nbsp;&nbsp; 2405000 | &nbsp;&nbsp; 2459742 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2025 <br> B-1 <br>| 5.00% | 03/15/27  | &nbsp;&nbsp; 2770000 | &nbsp;&nbsp; 2833050 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue Series 2025 <br> B-2 <br>| 5.00% | 03/15/29  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1071555 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Real Estate Transfer Tax Series 2025 A  | 5.00% | 12/01/37 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 169395 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Real Estate Transfer Tax Series 2025 A  | 5.00% | 12/01/38 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55935 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Real Estate Transfer Tax Series 2025 A  | 5.00% | 12/01/42 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 543904 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Real Estate Transfer Tax Series 2025 A  | 5.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 534961 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Real Estate Transfer Tax Series 2025 A  | 5.25% | 12/01/47 *(a)* | &nbsp;&nbsp; 2085000 | &nbsp;&nbsp; 2214786 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Real Estate Transfer Tax Series 2025 A  | 5.25% | 12/01/54 *(a)* | &nbsp;&nbsp; 1050000 | &nbsp;&nbsp; 1093752 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Real Estate Transfer Tax Series 2025 A  | 5.50% | 12/01/59 *(a)* | &nbsp;&nbsp; 4775000 | &nbsp;&nbsp; 5056063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2005 B-4A  | 2.70% | 01/01/32 *(a)(c)(f)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 450000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2012 B  | 3.14% | 11/15/32 *(d)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 563355 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2013 A  | 4.54% | 11/15/31 *(d)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 253847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 11/15/31 *(a)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 415955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 11/15/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/27 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 66787 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/28  | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 282139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/29 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25654 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/31 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 512245 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/33 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 511333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/35 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 306193 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 489391 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/37 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 315775 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 508906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 C-1  | 5.00% | 11/15/28  | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 356666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 B  | 5.00% | 11/15/28  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 324726 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 B  | 5.00% | 11/15/30  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55193 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 C  | 5.00% | 11/15/37 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 193248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 11/15/26  | &nbsp;&nbsp; 1700000 | &nbsp;&nbsp; 1727566 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 11/15/28  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 212935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 11/15/29  | &nbsp;&nbsp; 1240000 | &nbsp;&nbsp; 1345749 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 11/15/31  | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 134423 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 148610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2021 A-1 <br>| 4.00% | 05/15/46 *(a)* | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp; 1254705 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2021 A-1 <br>| 5.00% | 05/15/51 *(a)* | &nbsp;&nbsp; 2050000 | &nbsp;&nbsp; 2091226 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2021 C-2 <br>| 3.00% | 05/15/32 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24886 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2022 A <br>| 5.00% | 05/15/47 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 138886 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2022 A <br>| 4.00% | 05/15/51 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 151685 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2022 A <br>| 5.00% | 05/15/52  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 533432 |

---

**258**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2022 A <br>| 5.00% | 05/15/57 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253124 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2022 E-1 <br>| 5.00% | 11/15/27 *(a)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 543028 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2022 E-2B <br>| 5.00% | 11/15/27 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 284443 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2022 E-2B <br>| 5.00% | 11/15/32 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 370793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2023 A <br>| 5.00% | 11/15/26  | &nbsp;&nbsp; 2285000 | &nbsp;&nbsp; 2321339 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2023 A <br>| 5.00% | 11/15/34 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 73128 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2023 C <br>| 5.00% | 11/15/34 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2023 C <br>| 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 105978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2023 C <br>| 5.25% | 11/15/40 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 127538 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2024 B <br>| 4.13% | 05/15/54 *(a)* | &nbsp;&nbsp; 670000 | &nbsp;&nbsp; 594777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2024 B-1 <br>| 5.25% | 05/15/54 *(a)* | &nbsp;&nbsp; 3200000 | &nbsp;&nbsp; 3337651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2024 B-2 <br>| 5.00% | 05/15/31 *(a)* | &nbsp;&nbsp; 2165000 | &nbsp;&nbsp; 2395826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2024 C <br>| 5.00% | 11/15/34  | &nbsp;&nbsp; 2225000 | &nbsp;&nbsp; 2544666 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2024 C <br>| 5.00% | 11/15/35 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2277268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2024 C <br>| 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 4250000 | &nbsp;&nbsp; 4802568 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2024 C <br>| 5.00% | 11/15/38 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 307072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Metropolitan Transportation Authority Payroll Mobility Tax Revenue <br> Series 2026 <br>| 5.25% | 11/15/50 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 687778 |
| **Triborough Bridge & Tunnel Authority Sales Tax Revenue** | **Triborough Bridge & Tunnel Authority Sales Tax Revenue** | **Triborough Bridge & Tunnel Authority Sales Tax Revenue** | **Triborough Bridge & Tunnel Authority Sales Tax Revenue** | **Triborough Bridge & Tunnel Authority Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 05/15/52 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 176814 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 05/15/52 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 269659 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 05/15/57 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 435276 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 05/15/57 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516580 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 05/15/62 *(a)* | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 422418 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 4.13% | 05/15/53 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 135722 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 4.25% | 05/15/58 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 320155 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023A  | 4.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 912791 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.00% | 05/15/49 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1032423 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 4.00% | 05/15/54 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 131400 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.00% | 05/15/54 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1021480 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.25% | 05/15/59 *(a)* | &nbsp;&nbsp; 2545000 | &nbsp;&nbsp; 2638248 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 4.13% | 05/15/64 *(a)* | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 414628 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A-1  | 5.25% | 05/15/64 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1290686 |
| **Troy Capital Resource Corp.** | **Troy Capital Resource Corp.** | **Troy Capital Resource Corp.** | **Troy Capital Resource Corp.** | **Troy Capital Resource Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Rensselaer Polytechnic Institute Series 2020 A  | 4.00% | 09/01/40 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 190052 |
| **Trust for Cultural Resources of The City of New York** | **Trust for Cultural Resources of The City of New York** | **Trust for Cultural Resources of The City of New York** | **Trust for Cultural Resources of The City of New York** | **Trust for Cultural Resources of The City of New York** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Lincoln Center for the Performing Arts, Inc. Series 2020 A  | 4.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257036 |

---

**259**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Utility Debt Securitization Authority** | **Utility Debt Securitization Authority** | **Utility Debt Securitization Authority** | **Utility Debt Securitization Authority** | **Utility Debt Securitization Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 12/15/28 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 TE  | 5.00% | 12/15/30  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 135994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 TE  | 5.00% | 06/15/31  | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 93687 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 TE  | 5.00% | 12/15/31  | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 217700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 TE  | 5.00% | 12/15/38 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 115900 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 TE  | 5.00% | 12/15/39 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 251961 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 1  | 5.00% | 06/15/30 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1156982 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 1  | 5.00% | 12/15/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 TE-2  | 5.00% | 06/15/32 *(a)* | &nbsp;&nbsp; 1780000 | &nbsp;&nbsp; 1943924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 TE-2  | 5.00% | 12/15/32 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 131812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 TE-2  | 5.00% | 06/15/33 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1108428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 TE-2  | 5.00% | 06/15/34 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2246101 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 TE-2  | 5.00% | 12/15/35 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1368933 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 TE-2  | 5.00% | 12/15/39 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1986711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 TE-2  | 5.00% | 12/15/40 *(a)* | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp; 1577873 |
|  |  |  |  | &nbsp;&nbsp; **901494006** |
| **NORTH CAROLINA** 0.8%  | **NORTH CAROLINA** 0.8%  | **NORTH CAROLINA** 0.8%  | **NORTH CAROLINA** 0.8%  | **NORTH CAROLINA** 0.8%  |
| **City of Charlotte** | **City of Charlotte** | **City of Charlotte** | **City of Charlotte** | **City of Charlotte** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2021 A  | 3.00% | 06/01/48 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 124394 |
| **City of Charlotte Airport Revenue** | **City of Charlotte Airport Revenue** | **City of Charlotte Airport Revenue** | **City of Charlotte Airport Revenue** | **City of Charlotte Airport Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 07/01/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 460308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516906 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.25% | 07/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1048552 |
| **City of Charlotte Water & Sewer System Revenue** | **City of Charlotte Water & Sewer System Revenue** | **City of Charlotte Water & Sewer System Revenue** | **City of Charlotte Water & Sewer System Revenue** | **City of Charlotte Water & Sewer System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 07/01/54 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258749 |
| **City of Raleigh Combined Enterprise System Revenue** | **City of Raleigh Combined Enterprise System Revenue** | **City of Raleigh Combined Enterprise System Revenue** | **City of Raleigh Combined Enterprise System Revenue** | **City of Raleigh Combined Enterprise System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 5.00% | 09/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261974 |
| **County of Guilford** | **County of Guilford** | **County of Guilford** | **County of Guilford** | **County of Guilford** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/31  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27685 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/32  | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2809379 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/33  | &nbsp;&nbsp; 1290000 | &nbsp;&nbsp; 1466046 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/37 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2840710 |
| **County of Union Enterprise System Revenue** | **County of Union Enterprise System Revenue** | **County of Union Enterprise System Revenue** | **County of Union Enterprise System Revenue** | **County of Union Enterprise System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 3.00% | 06/01/46 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 859787 |
| **County of Wake** | **County of Wake** | **County of Wake** | **County of Wake** | **County of Wake** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 A  | 5.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5637036 |
| **North Carolina Capital Facilities Finance Agency** | **North Carolina Capital Facilities Finance Agency** | **North Carolina Capital Facilities Finance Agency** | **North Carolina Capital Facilities Finance Agency** | **North Carolina Capital Facilities Finance Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Duke University Series 2016 B  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100706 |
| **North Carolina Municipal Power Agency No. 1** | **North Carolina Municipal Power Agency No. 1** | **North Carolina Municipal Power Agency No. 1** | **North Carolina Municipal Power Agency No. 1** | **North Carolina Municipal Power Agency No. 1** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 A  | 5.00% | 01/01/27 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 60138 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 A  | 5.00% | 01/01/28 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1107569 |
| **North Carolina State University at Raleigh** | **North Carolina State University at Raleigh** | **North Carolina State University at Raleigh** | **North Carolina State University at Raleigh** | **North Carolina State University at Raleigh** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 168464 |
| **North Carolina Turnpike Authority** | **North Carolina Turnpike Authority** | **North Carolina Turnpike Authority** | **North Carolina Turnpike Authority** | **North Carolina Turnpike Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2009 B  | 3.89% | 01/01/37 *(c)(d)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 16313 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 4.58% | 01/01/40 *(a)(d)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 109074 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 4.56% | 01/01/41 *(a)(d)* | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 100244 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 4.99% | 01/01/45 *(a)(d)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 39717 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 4.79% | 01/01/49 *(a)(d)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 551314 |

---

**260**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 01/01/49 *(a)* | &nbsp;&nbsp; 1320000 | &nbsp;&nbsp; 1330567 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 4.00% | 01/01/55 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 169964 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 01/01/58 *(a)(c)* | &nbsp;&nbsp; 1555000 | &nbsp;&nbsp; 1555747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 07/01/54 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 193613 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018  | 4.00% | 01/01/37 *(a)(c)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40038 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018  | 4.00% | 01/01/41 *(a)(c)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 137657 |
| **State of North Carolina** | **State of North Carolina** | **State of North Carolina** | **State of North Carolina** | **State of North Carolina** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 B  | 5.00% | 06/01/29  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 139798 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 03/01/27  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25576 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 03/01/30 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 212804 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 03/01/31 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 132451 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 03/01/32 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 211540 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 03/01/33 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36926 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019  | 5.00% | 03/01/34 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 399919 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Highway Trust Fund Series 2020 B  | 5.00% | 05/01/27  | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 616282 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Highway Trust Fund Series 2020 B  | 5.00% | 05/01/28  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31530 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Highway Trust Fund Series 2020 B  | 5.00% | 05/01/29  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53591 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Highway Trust Fund Series 2020 B  | 5.00% | 05/01/31 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 244268 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Highway Trust Fund Series 2020 B  | 3.00% | 05/01/32 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24378 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Highway Trust Fund Series 2020 B  | 5.00% | 05/01/32 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 297804 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Highway Trust Fund Series 2020 B  | 5.00% | 05/01/33 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 345310 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Highway Trust Fund Series 2020 B  | 3.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 28684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 C  | 5.00% | 06/01/33  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 568958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 C  | 5.00% | 06/01/34  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 572802 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014 B  | 5.00% | 06/01/26  | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 95400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 05/01/26  | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 195410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 05/01/27  | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 338955 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 05/01/28 *(a)* | &nbsp;&nbsp; 1035000 | &nbsp;&nbsp; 1062783 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 05/01/29 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 82069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 03/01/28  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 120334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 03/01/29  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1067785 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 03/01/30  | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 461227 |
|  |  |  |  | &nbsp;&nbsp; **29359235** |
| **OHIO** 0.9%  | **OHIO** 0.9%  | **OHIO** 0.9%  | **OHIO** 0.9%  | **OHIO** 0.9%  |
| **American Municipal Power, Inc.** | **American Municipal Power, Inc.** | **American Municipal Power, Inc.** | **American Municipal Power, Inc.** | **American Municipal Power, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fremont Energy Center Revenue Series 2021 A  | 5.00% | 02/15/34 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 134665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fremont Energy Center Revenue Series 2021 A  | 4.00% | 02/15/37 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 156194 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fremont Energy Center Revenue Series 2021 A  | 4.00% | 02/15/38 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250657 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Prairie State Energy Campus Revenue Series 2019 C  | 4.00% | 02/15/39 *(a)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 522864 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Prairie State Energy Campus Revenue Series 2021 A  | 4.00% | 02/15/34 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 66264 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Prairie State Energy Campus Revenue Series 2021 A  | 4.00% | 02/15/36 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 348616 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Prairie State Energy Campus Revenue Series 2023 A  | 5.00% | 02/15/38 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 119855 |
| **Bedford City School District** | **Bedford City School District** | **Bedford City School District** | **Bedford City School District** | **Bedford City School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.50% | 12/01/55 *(a)(c)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 244220 |
| **Brunswick City School District** | **Brunswick City School District** | **Brunswick City School District** | **Brunswick City School District** | **Brunswick City School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.50% | 12/01/60 *(a)(c)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62339 |
| **City of Columbus** | **City of Columbus** | **City of Columbus** | **City of Columbus** | **City of Columbus** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 1  | 5.00% | 07/01/26  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 1  | 5.00% | 04/01/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103658 |

---

**261**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of Columbus Sewerage Revenue** | **City of Columbus Sewerage Revenue** | **City of Columbus Sewerage Revenue** | **City of Columbus Sewerage Revenue** | **City of Columbus Sewerage Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 5.00% | 06/01/29 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85332 |
| **Columbus Regional Airport Authority** | **Columbus Regional Airport Authority** | **Columbus Regional Airport Authority** | **Columbus Regional Airport Authority** | **Columbus Regional Airport Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.25% | 01/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 515572 |
| **County of Hamilton Sales Tax Revenue** | **County of Hamilton Sales Tax Revenue** | **County of Hamilton Sales Tax Revenue** | **County of Hamilton Sales Tax Revenue** | **County of Hamilton Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 12/01/30 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 315160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 12/01/31 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 452850 |
| **JobsOhio Beverage System** | **JobsOhio Beverage System** | **JobsOhio Beverage System** | **JobsOhio Beverage System** | **JobsOhio Beverage System** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 875000 | &nbsp;&nbsp; 994130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/53 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 385400 |
| **North Ridgeville City School District** | **North Ridgeville City School District** | **North Ridgeville City School District** | **North Ridgeville City School District** | **North Ridgeville City School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.50% | 12/01/61 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 234757 |
| **Northeast Ohio Regional Sewer District** | **Northeast Ohio Regional Sewer District** | **Northeast Ohio Regional Sewer District** | **Northeast Ohio Regional Sewer District** | **Northeast Ohio Regional Sewer District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 3.25% | 11/15/40 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 260571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 11/15/43 *(a)* | &nbsp;&nbsp; 1125000 | &nbsp;&nbsp; 1109123 |
| **Ohio Higher Educational Facility Commission** | **Ohio Higher Educational Facility Commission** | **Ohio Higher Educational Facility Commission** | **Ohio Higher Educational Facility Commission** | **Ohio Higher Educational Facility Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Oberlin College Series 2023 A  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256902 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Oberlin College Series 2023 A  | 5.25% | 10/01/53 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 149626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Case Western Reserve University Series 2016  | 5.00% | 12/01/40 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201354 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB John Carroll University Series 2022  | 4.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 56847 |
| **Ohio State University** | **Ohio State University** | **Ohio State University** | **Ohio State University** | **Ohio State University** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 5.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 106736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 12/01/29  | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 151348 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 A  | 5.00% | 06/01/35  | &nbsp;&nbsp; 3195000 | &nbsp;&nbsp; 3667617 |
| **Ohio Turnpike & Infrastructure Commission** | **Ohio Turnpike & Infrastructure Commission** | **Ohio Turnpike & Infrastructure Commission** | **Ohio Turnpike & Infrastructure Commission** | **Ohio Turnpike & Infrastructure Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2013 A-2  | 3.79% | 02/15/36 *(d)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 212817 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 02/15/30 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 302234 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 4.00% | 02/15/32 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127182 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 02/15/32 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207767 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 02/15/33 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 212619 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 02/15/46 *(a)* | &nbsp;&nbsp; 5200000 | &nbsp;&nbsp; 5391978 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 02/15/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 02/15/39 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 113880 |
| **Ohio University** | **Ohio University** | **Ohio University** | **Ohio University** | **Ohio University** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 404137 |
| **Ohio Water Development Authority** | **Ohio Water Development Authority** | **Ohio Water Development Authority** | **Ohio Water Development Authority** | **Ohio Water Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 06/01/28 *(a)* | &nbsp;&nbsp; 535000 | &nbsp;&nbsp; 560232 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Drinking Water Assistance Fund Series 2019  | 5.00% | 12/01/29 *(a)* | &nbsp;&nbsp; 465000 | &nbsp;&nbsp; 501558 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Drinking Water Assistance Fund Series 2023 A  | 5.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4547488 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Drinking Water Assistance Fund Series 2024 A  | 5.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 655921 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Drinking Water Assistance Fund Series 2024 A  | 5.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53605 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Fresh Water Fund Series 2024 A  | 5.00% | 06/01/31  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 554778 |
| **Ohio Water Development Authority Water Pollution Control Loan Fund** | **Ohio Water Development Authority Water Pollution Control Loan Fund** | **Ohio Water Development Authority Water Pollution Control Loan Fund** | **Ohio Water Development Authority Water Pollution Control Loan Fund** | **Ohio Water Development Authority Water Pollution Control Loan Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 2.70% | 12/01/54 *(a)(c)(f)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 12/01/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 114023 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 D  | 5.00% | 12/01/36 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 62222 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 E  | 5.00% | 12/01/30  | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 385648 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.00% | 12/01/35 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1434351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 12/01/27  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20831 |

---

**262**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Port of Greater Cincinnati Development Authority** | **Port of Greater Cincinnati Development Authority** | **Port of Greater Cincinnati Development Authority** | **Port of Greater Cincinnati Development Authority** | **Port of Greater Cincinnati Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 4.25% | 12/01/48 *(a)(c)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 56032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 12/01/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 501564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 4.38% | 12/01/58 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 230955 |
| **Shaker Heights City School District** | **Shaker Heights City School District** | **Shaker Heights City School District** | **Shaker Heights City School District** | **Shaker Heights City School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.25% | 12/15/59 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 156474 |
| **State of Ohio** | **State of Ohio** | **State of Ohio** | **State of Ohio** | **State of Ohio** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 1  | 5.00% | 12/15/27  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 114578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 B  | 5.00% | 09/15/28  | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 397376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 U  | 5.00% | 05/01/26  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75158 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 U  | 5.00% | 05/01/27  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 267084 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 B  | 5.00% | 09/15/29  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 221376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 B  | 5.00% | 09/15/31  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33412 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 11/01/32  | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 496622 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 09/15/34  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1147261 |
| **University of Cincinnati** | **University of Cincinnati** | **University of Cincinnati** | **University of Cincinnati** | **University of Cincinnati** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 06/01/49 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 302344 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 06/01/49 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 83271 |
|  |  |  |  | &nbsp;&nbsp; **31580224** |
| **OKLAHOMA** 0.6%  | **OKLAHOMA** 0.6%  | **OKLAHOMA** 0.6%  | **OKLAHOMA** 0.6%  | **OKLAHOMA** 0.6%  |
| **Canadian County Educational Facilities Authority** | **Canadian County Educational Facilities Authority** | **Canadian County Educational Facilities Authority** | **Canadian County Educational Facilities Authority** | **Canadian County Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Independent School District No. 69 Mustang Series 2017  | 3.00% | 09/01/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 99302 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Independent School District No. 69 Mustang Series 2023 A  | 5.25% | 09/01/34 *(a)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 314116 |
| **Cleveland County Educational Facilities Authority** | **Cleveland County Educational Facilities Authority** | **Cleveland County Educational Facilities Authority** | **Cleveland County Educational Facilities Authority** | **Cleveland County Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Independent School District No. 2 Moore Series 2021  | 4.00% | 06/01/27  | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 228261 |
| **Grand River Dam Authority** | **Grand River Dam Authority** | **Grand River Dam Authority** | **Grand River Dam Authority** | **Grand River Dam Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Electric System Revenue Series 2023  | 5.00% | 06/01/38 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 238203 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Electric System Revenue Series 2023  | 5.00% | 06/01/39 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 06/01/28 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35522 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 06/01/30 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 182648 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 06/01/31 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76088 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 06/01/32 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 45632 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/01/39 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 103199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 06/01/41 *(a)* | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 612125 |
| **Oklahoma Capitol Improvement Authority** | **Oklahoma Capitol Improvement Authority** | **Oklahoma Capitol Improvement Authority** | **Oklahoma Capitol Improvement Authority** | **Oklahoma Capitol Improvement Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 4.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89522 |
| **Oklahoma City Water Utilities Trust** | **Oklahoma City Water Utilities Trust** | **Oklahoma City Water Utilities Trust** | **Oklahoma City Water Utilities Trust** | **Oklahoma City Water Utilities Trust** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 07/01/54 *(a)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 4123280 |
| **Oklahoma County Finance Authority** | **Oklahoma County Finance Authority** | **Oklahoma County Finance Authority** | **Oklahoma County Finance Authority** | **Oklahoma County Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Independent School District No. 4 Choctaw-Nicoma Park Series 2023  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 685000 | &nbsp;&nbsp; 740951 |
| **Oklahoma County Independent School District No. 89 Oklahoma City** | **Oklahoma County Independent School District No. 89 Oklahoma City** | **Oklahoma County Independent School District No. 89 Oklahoma City** | **Oklahoma County Independent School District No. 89 Oklahoma City** | **Oklahoma County Independent School District No. 89 Oklahoma City** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 3.00% | 07/01/26  | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 375377 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 1.25% | 07/01/26  | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 398675 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 4.00% | 07/01/27  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 45747 |
| **Oklahoma Industries Authority** | **Oklahoma Industries Authority** | **Oklahoma Industries Authority** | **Oklahoma Industries Authority** | **Oklahoma Industries Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Oklahoma County Independent School District No. 89 Oklahoma City Series 2024  | 5.00% | 04/01/32  | &nbsp;&nbsp; 965000 | &nbsp;&nbsp; 1070457 |
| **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** | **Oklahoma Municipal Power Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.25% | 01/01/56 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1047233 |

---

**263**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Oklahoma Turnpike Authority** | **Oklahoma Turnpike Authority** | **Oklahoma Turnpike Authority** | **Oklahoma Turnpike Authority** | **Oklahoma Turnpike Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 4.00% | 01/01/47 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 102043 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 C  | 4.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 850000 | &nbsp;&nbsp; 846995 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 4.00% | 01/01/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93572 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.50% | 01/01/53 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 357621 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 132254 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 01/01/47 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2121111 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.50% | 01/01/54 *(a)* | &nbsp;&nbsp; 2765000 | &nbsp;&nbsp; 2945098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 D  | 5.00% | 01/01/27  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 D  | 5.00% | 01/01/28  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 78082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 01/01/30  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 37683 |
| **Oklahoma Water Resources Board** | **Oklahoma Water Resources Board** | **Oklahoma Water Resources Board** | **Oklahoma Water Resources Board** | **Oklahoma Water Resources Board** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 5.00% | 04/01/51 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153320 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 4.25% | 10/01/50 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 483925 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Drinking Water State Revolving Fund Series 2023 A  | 4.00% | 04/01/48 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 234629 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Drinking Water State Revolving Fund Series 2023 A  | 4.13% | 04/01/53 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 183021 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2025 A  | 5.25% | 04/01/50 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 791411 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2025 A  | 5.00% | 04/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 510955 |
| **University of Oklahoma** | **University of Oklahoma** | **University of Oklahoma** | **University of Oklahoma** | **University of Oklahoma** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 07/01/46 *(a)(c)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 139107 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/01/51 *(a)(c)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 248370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/49 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154136 |
|  |  |  |  | &nbsp;&nbsp; **19620847** |
| **OREGON** 0.6%  | **OREGON** 0.6%  | **OREGON** 0.6%  | **OREGON** 0.6%  | **OREGON** 0.6%  |
| **City of Portland Sewer System Revenue** | **City of Portland Sewer System Revenue** | **City of Portland Sewer System Revenue** | **City of Portland Sewer System Revenue** | **City of Portland Sewer System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 12/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104297 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 10/01/54 *(a)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 544585 |
| **Clackamas County School District No. 12 North Clackamas** | **Clackamas County School District No. 12 North Clackamas** | **Clackamas County School District No. 12 North Clackamas** | **Clackamas County School District No. 12 North Clackamas** | **Clackamas County School District No. 12 North Clackamas** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 4.02% | 06/15/36 *(a)(c)(d)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 32190 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 4.15% | 06/15/38 *(a)(c)(d)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 291806 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 B  | 5.00% | 06/15/37 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203977 |
| **County of Multnomah** | **County of Multnomah** | **County of Multnomah** | **County of Multnomah** | **County of Multnomah** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 06/15/29  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 64551 |
| **Deschutes Public Library District** | **Deschutes Public Library District** | **Deschutes Public Library District** | **Deschutes Public Library District** | **Deschutes Public Library District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 3.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 257475 |
| **Hillsboro School District No. 1J** | **Hillsboro School District No. 1J** | **Hillsboro School District No. 1J** | **Hillsboro School District No. 1J** | **Hillsboro School District No. 1J** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 5.00% | 06/15/38 *(a)(c)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25470 |
| **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** | **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** | **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** | **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** | **Multnomah & Clackamas Counties School District No. 10JT Gresham-Barlow** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 B  | 5.00% | 06/15/37 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50994 |
| **Multnomah County School District No. 1J Portland** | **Multnomah County School District No. 1J Portland** | **Multnomah County School District No. 1J Portland** | **Multnomah County School District No. 1J Portland** | **Multnomah County School District No. 1J Portland** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 06/15/26 *(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100509 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 06/15/28 *(c)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 110624 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026  | 5.00% | 06/15/53 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516432 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026  | 4.50% | 06/15/55 *(a)(c)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 293239 |
| **Multnomah County School District No. 40** | **Multnomah County School District No. 40** | **Multnomah County School District No. 40** | **Multnomah County School District No. 40** | **Multnomah County School District No. 40** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 4.73% | 06/15/51 *(a)(c)(d)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 546828 |
| **Oregon City School District No. 62** | **Oregon City School District No. 62** | **Oregon City School District No. 62** | **Oregon City School District No. 62** | **Oregon City School District No. 62** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B  | 5.00% | 06/15/49 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152273 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 B  | 5.00% | 06/15/49 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261581 |

---

**264**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Oregon State Lottery** | **Oregon State Lottery** | **Oregon State Lottery** | **Oregon State Lottery** | **Oregon State Lottery** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 04/01/29  | &nbsp;&nbsp; 900000 | &nbsp;&nbsp; 964478 |
| **Salem-Keizer School District No. 24J** | **Salem-Keizer School District No. 24J** | **Salem-Keizer School District No. 24J** | **Salem-Keizer School District No. 24J** | **Salem-Keizer School District No. 24J** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2009 B  | 3.22% | 06/15/29 *(c)(d)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 63565 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 06/15/37 *(a)(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77738 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 3.90% | 06/15/40 *(a)(c)(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 534711 |
| **State of Oregon** | **State of Oregon** | **State of Oregon** | **State of Oregon** | **State of Oregon** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 05/01/34 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 157424 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33334 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 82818 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 05/01/38 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 82361 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 05/01/43 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 117915 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 05/01/48 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 124532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 A  | 5.00% | 05/01/27  | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 143845 |
| **State of Oregon Department of Transportation** | **State of Oregon Department of Transportation** | **State of Oregon Department of Transportation** | **State of Oregon Department of Transportation** | **State of Oregon Department of Transportation** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 11/15/40 *(a)* | &nbsp;&nbsp; 430000 | &nbsp;&nbsp; 455388 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.25% | 11/15/47 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10564 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 11/15/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 107683 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 211808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 11/15/37 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1055736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/33  | &nbsp;&nbsp; 6500000 | &nbsp;&nbsp; 7408673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/34  | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 861424 |
| **Tri-County Metropolitan Transportation District of Oregon** | **Tri-County Metropolitan Transportation District of Oregon** | **Tri-County Metropolitan Transportation District of Oregon** | **Tri-County Metropolitan Transportation District of Oregon** | **Tri-County Metropolitan Transportation District of Oregon** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Payroll Tax Revenue Series 2018 A  | 5.00% | 09/01/43 *(a)(b)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103466 |
| **University of Oregon** | **University of Oregon** | **University of Oregon** | **University of Oregon** | **University of Oregon** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 04/01/50 *(a)* | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 479596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 A  | 5.00% | 04/01/36  | &nbsp;&nbsp; 545000 | &nbsp;&nbsp; 627286 |
| **Washington & Multnomah Counties School District No. 48J Beaverton** | **Washington & Multnomah Counties School District No. 48J Beaverton** | **Washington & Multnomah Counties School District No. 48J Beaverton** | **Washington & Multnomah Counties School District No. 48J Beaverton** | **Washington & Multnomah Counties School District No. 48J Beaverton** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 4.80% | 06/15/48 *(a)(c)(d)* | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp; 1335980 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 5.00% | 06/15/52 *(a)(c)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1787867 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 4.98% | 06/15/42 *(a)(c)(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 469396 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.07% | 06/15/43 *(a)(c)(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 440721 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.21% | 06/15/45 *(a)(c)(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 387552 |
|  |  |  |  | &nbsp;&nbsp; **21682692** |
| **PENNSYLVANIA** 3.0%  | **PENNSYLVANIA** 3.0%  | **PENNSYLVANIA** 3.0%  | **PENNSYLVANIA** 3.0%  | **PENNSYLVANIA** 3.0%  |
| **Allegheny County Higher Education Building Authority** | **Allegheny County Higher Education Building Authority** | **Allegheny County Higher Education Building Authority** | **Allegheny County Higher Education Building Authority** | **Allegheny County Higher Education Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Duquesne University of the Holy Spirit Series 2026  | 4.50% | 03/01/50 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 276298 |
| **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** | **Allegheny County Sanitary Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 5.00% | 06/01/43 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153384 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 4.00% | 06/01/48 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 64206 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 4.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 102420 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 12/01/50 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2060912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 12/01/55 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 306176 |
| **Chester County Industrial Development Authority** | **Chester County Industrial Development Authority** | **Chester County Industrial Development Authority** | **Chester County Industrial Development Authority** | **Chester County Industrial Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Longwood Gardens, Inc. Series 2021  | 4.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 276809 |
| **City of Philadelphia** | **City of Philadelphia** | **City of Philadelphia** | **City of Philadelphia** | **City of Philadelphia** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 544511 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.25% | 08/01/45 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 157821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 C  | 5.00% | 08/01/28  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 526705 |

---

**265**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 C  | 5.00% | 08/01/29  | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 504533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 C  | 5.00% | 08/01/32  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 560073 |
| **City of Philadelphia Water & Wastewater Revenue** | **City of Philadelphia Water & Wastewater Revenue** | **City of Philadelphia Water & Wastewater Revenue** | **City of Philadelphia Water & Wastewater Revenue** | **City of Philadelphia Water & Wastewater Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30865 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25348 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 10/01/53 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 80824 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 11/01/44 *(a)* | &nbsp;&nbsp; 3070000 | &nbsp;&nbsp; 3170036 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 11/01/49 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203874 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 C  | 5.00% | 10/01/46 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 232174 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 C  | 4.00% | 10/01/51 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 264316 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.00% | 09/01/37 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 100627 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.00% | 09/01/38 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 166719 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.00% | 09/01/39 *(a)* | &nbsp;&nbsp; 780000 | &nbsp;&nbsp; 860933 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.25% | 09/01/49 *(a)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 332947 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.25% | 09/01/54 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104265 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 09/01/28 *(c)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 89710 |
| **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** | **Commonwealth of Pennsylvania** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020-1  | 3.00% | 05/01/35 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 477958 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 1st  | 3.13% | 02/01/36 *(a)(c)* | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 482826 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 2nd  | 4.00% | 09/15/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100456 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 2nd  | 4.00% | 09/15/31 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35151 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 2nd  | 4.00% | 09/15/32 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125512 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 2nd  | 3.00% | 09/15/33 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 95864 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 2nd  | 4.00% | 09/15/34 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25083 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 2nd  | 3.00% | 09/15/35 *(a)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 498649 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 2nd  | 3.00% | 09/15/36 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 255199 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 1st  | 5.00% | 03/01/27  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255712 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 1st  | 5.00% | 03/01/32 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 181860 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 1st  | 4.00% | 03/01/34 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1016375 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 1st  | 4.00% | 03/01/36 *(a)* | &nbsp;&nbsp; 8205000 | &nbsp;&nbsp; 8302973 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 1st  | 3.75% | 03/01/39 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 99375 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 2.00% | 05/01/39 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 171560 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 1  | 2.13% | 05/01/40 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 62434 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 1st  | 3.00% | 05/15/34 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 251472 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 1st  | 2.00% | 05/15/37 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 259269 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 1st  | 2.00% | 05/15/38 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 30541 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 1st  | 2.00% | 05/15/39 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 18477 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 1st  | 2.00% | 05/15/40 *(a)* | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 220504 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 1st  | 2.00% | 05/15/41 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 104763 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 10/01/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253121 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 10/01/28  | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 222428 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 10/01/30  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 82164 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55530 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 163164 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 10/01/40 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26997 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/26  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1010390 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/27  | &nbsp;&nbsp; 740000 | &nbsp;&nbsp; 765862 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/28  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 116308 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/29  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 215483 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/30  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 218829 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/31  | &nbsp;&nbsp; 625000 | &nbsp;&nbsp; 692368 |

---

**266**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/32  | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 358157 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/35 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 424662 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/36 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277404 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 549178 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 5.00% | 09/01/39 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 125804 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 4.00% | 09/01/40 *(a)* | &nbsp;&nbsp; 4350000 | &nbsp;&nbsp; 4386258 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 4.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3016546 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 1st  | 4.00% | 09/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100103 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 1st  | 5.00% | 08/15/27  | &nbsp;&nbsp; 1490000 | &nbsp;&nbsp; 1540476 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 1st  | 5.00% | 08/15/29  | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 371409 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 1st  | 5.00% | 08/15/31  | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 71962 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 1st  | 5.00% | 08/15/33  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 45209 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 1st  | 5.00% | 08/15/34  | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 199122 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 BID  | 5.00% | 08/15/37 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27811 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 BID  | 4.00% | 08/15/41 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 200894 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 1st  | 5.00% | 04/01/31  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1101413 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 1st  | 5.00% | 04/01/32  | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 390079 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 1st  | 5.00% | 04/01/34  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 283751 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 1st  | 5.00% | 04/01/35  | &nbsp;&nbsp; 2610000 | &nbsp;&nbsp; 2980928 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 1st  | 5.00% | 04/01/39 *(a)* | &nbsp;&nbsp; 1075000 | &nbsp;&nbsp; 1203444 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 1st  | 4.25% | 04/01/46 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 340056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding COP Series 2018 A  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 1st  | 5.00% | 09/15/26  | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 480399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 2nd  | 5.00% | 01/15/27  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 2nd  | 5.00% | 01/15/28 *(a)* | &nbsp;&nbsp; 790000 | &nbsp;&nbsp; 804915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 1st  | 5.00% | 01/01/27  | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 366743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 1st  | 5.00% | 01/01/28 *(a)* | &nbsp;&nbsp; 1415000 | &nbsp;&nbsp; 1440418 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 1st  | 3.00% | 01/01/31 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 74642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 07/15/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251790 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 07/15/27  | &nbsp;&nbsp; 830000 | &nbsp;&nbsp; 856451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 07/15/28  | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 363810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 07/15/29  | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 360098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 1st  | 5.00% | 09/01/26  | &nbsp;&nbsp; 2215000 | &nbsp;&nbsp; 2238015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 1st  | 5.00% | 09/01/29  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 64645 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 1st  | 5.00% | 09/01/30  | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 235241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 1st  | 5.00% | 09/01/32  | &nbsp;&nbsp; 3085000 | &nbsp;&nbsp; 3452858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 A  | 5.00% | 08/15/27  | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 491091 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 A  | 5.00% | 08/15/30  | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2186795 |
| **County of Allegheny** | **County of Allegheny** | **County of Allegheny** | **County of Allegheny** | **County of Allegheny** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C-78  | 4.00% | 11/01/45 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 47843 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C-78  | 4.00% | 11/01/49 *(a)* | &nbsp;&nbsp; 2750000 | &nbsp;&nbsp; 2436028 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C-80  | 5.00% | 12/01/54 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152071 |
| **Delaware River Joint Toll Bridge Commission** | **Delaware River Joint Toll Bridge Commission** | **Delaware River Joint Toll Bridge Commission** | **Delaware River Joint Toll Bridge Commission** | **Delaware River Joint Toll Bridge Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101458 |
| **Delaware Valley Regional Finance Authority** | **Delaware Valley Regional Finance Authority** | **Delaware Valley Regional Finance Authority** | **Delaware Valley Regional Finance Authority** | **Delaware Valley Regional Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1998 A  | 5.50% | 08/01/28 *(c)* | &nbsp;&nbsp; 585000 | &nbsp;&nbsp; 619818 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2002  | 5.75% | 07/01/32  | &nbsp;&nbsp; 645000 | &nbsp;&nbsp; 740993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 4.00% | 03/01/33 *(a)* | &nbsp;&nbsp; 445000 | &nbsp;&nbsp; 462817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 4.00% | 03/01/34 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 93554 |

---

**267**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Northampton County General Purpose Authority** | **Northampton County General Purpose Authority** | **Northampton County General Purpose Authority** | **Northampton County General Purpose Authority** | **Northampton County General Purpose Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Lafayette College Series 2017  | 5.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256533 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Lehigh University Series 2024 A  | 5.00% | 11/15/34  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 227922 |
| **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** | **Pennsylvania Economic Development Financing Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Villanova University Series 2024  | 5.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257937 |
| **Pennsylvania Higher Educational Facilities Authority** | **Pennsylvania Higher Educational Facilities Authority** | **Pennsylvania Higher Educational Facilities Authority** | **Pennsylvania Higher Educational Facilities Authority** | **Pennsylvania Higher Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB System of Higher Education Series 2016 AT-1  | 3.00% | 06/15/45 *(a)(b)* | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 4183 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB System of Higher Education Series 2016 AT-1  | 3.00% | 06/15/45 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 249794 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of the University of Pennsylvania Series 2017 A  | 4.00% | 08/15/41 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 43411 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Trustees of the University of Pennsylvania Series 2018 A  | 4.00% | 02/15/43 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 723719 |
| **Pennsylvania State University** | **Pennsylvania State University** | **Pennsylvania State University** | **Pennsylvania State University** | **Pennsylvania State University** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 09/01/41 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1004765 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 09/01/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151099 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.25% | 09/01/48 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10547 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.25% | 09/01/53 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1043076 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.25% | 09/01/50 *(a)* | &nbsp;&nbsp; 2200000 | &nbsp;&nbsp; 2329381 |
| **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** | **Pennsylvania Turnpike Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 12/01/41 *(a)(b)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 451802 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A-1  | 5.00% | 12/01/46 *(a)(b)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251001 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 4.00% | 12/01/37 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100312 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A-1  | 5.00% | 12/01/47 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1010506 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B-1  | 5.25% | 06/01/47 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 202105 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A2  | 5.00% | 12/01/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 507296 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A-2  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 92824 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 12/01/39 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52361 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 1260000 | &nbsp;&nbsp; 1301896 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207064 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89199 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 12/01/49 *(a)(c)* | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 371668 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 122302 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 375123 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 B  | 5.00% | 12/01/50 *(a)* | &nbsp;&nbsp; 735000 | &nbsp;&nbsp; 754015 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 3.00% | 12/01/42 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 65982 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 57854 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 942810 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 244156 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 12/01/50 *(a)* | &nbsp;&nbsp; 1105000 | &nbsp;&nbsp; 978490 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.00% | 12/01/49 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 727785 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.25% | 12/01/54 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209124 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 4.13% | 12/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 912020 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 12/01/55 *(a)* | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 439287 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.25% | 12/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1057624 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 A-1  | 4.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 110002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 12/01/30 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 192549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 3.38% | 12/01/41 *(a)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 337281 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 06/01/28 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 120439 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 06/01/33 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 120136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 06/01/34 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50051 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 2nd  | 5.00% | 12/01/31 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258727 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 2nd  | 5.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 247633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 2nd  | 5.00% | 12/01/34 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 61823 |

---

**268**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 2nd  | 5.00% | 12/01/35 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 97720 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 2nd  | 5.00% | 12/01/36 *(a)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 395330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 3  | 5.00% | 12/01/40 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 500861 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B-2  | 5.00% | 06/01/28 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 61651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B-2  | 4.00% | 06/01/37 *(a)(c)* | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 366696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B-2  | 4.00% | 06/01/38 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125331 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B-2  | 4.00% | 06/01/39 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 12/01/32  | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 487463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 223792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 5.25% | 12/01/52 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 1st  | 5.00% | 12/01/33 *(a)* | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp; 6783788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 12/01/53 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 204952 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.25% | 12/01/53 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 208149 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 1st  | 5.00% | 12/01/36 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 139678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 1st  | 5.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 65589 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 1st  | 5.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 1st  | 5.00% | 12/01/42 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1086839 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 1st  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 318719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 2nd  | 5.00% | 12/01/26  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253888 |
| **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** | **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** | **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** | **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** | **Pennsylvania Turnpike Commission Oil Franchise Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.25% | 12/01/44 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 516475 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 12/01/48 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101459 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 513769 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 B  | 5.00% | 12/01/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 507840 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 12/01/53 *(a)* | &nbsp;&nbsp; 1025000 | &nbsp;&nbsp; 1076275 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.00% | 12/01/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 512610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 129815 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 12/01/51 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 616301 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 268780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 4.00% | 12/01/51 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 87996 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 4.00% | 12/01/53 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 173828 |
| **Philadelphia Authority for Industrial Development** | **Philadelphia Authority for Industrial Development** | **Philadelphia Authority for Industrial Development** | **Philadelphia Authority for Industrial Development** | **Philadelphia Authority for Industrial Development** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB St. Joseph's University Series 2022  | 5.25% | 11/01/52 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 315285 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB St. Joseph's University Series 2020 A  | 4.00% | 11/01/45 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 177428 |
| **Philadelphia Gas Works Co.** | **Philadelphia Gas Works Co.** | **Philadelphia Gas Works Co.** | **Philadelphia Gas Works Co.** | **Philadelphia Gas Works Co.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 4.00% | 08/01/45 *(a)(c)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 348905 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 A  | 5.00% | 08/01/50 *(a)(c)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 182941 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 08/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260296 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 15th  | 5.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 15th  | 5.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 352391 |
| **Pittsburgh Water & Sewer Authority** | **Pittsburgh Water & Sewer Authority** | **Pittsburgh Water & Sewer Authority** | **Pittsburgh Water & Sewer Authority** | **Pittsburgh Water & Sewer Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1998 B  | 3.23% | 09/01/28 *(c)(d)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 13933 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1998 B  | 3.26% | 09/01/29 *(c)(d)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 13474 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 4.00% | 09/01/34 *(a)(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76679 |
| **School District of Philadelphia** | **School District of Philadelphia** | **School District of Philadelphia** | **School District of Philadelphia** | **School District of Philadelphia** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 B  | 4.00% | 09/01/43 *(a)(c)* | &nbsp;&nbsp; 195000 | &nbsp;&nbsp; 190384 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 09/01/44 *(a)(c)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 117850 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 D  | 3.00% | 09/01/44 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 40460 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.50% | 09/01/48 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105419 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2007 A  | 5.00% | 06/01/34 *(c)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 138890 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 F  | 5.00% | 09/01/26 *(c)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20179 |

---

**269**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 F  | 5.00% | 09/01/27 *(a)(c)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 F  | 5.00% | 09/01/28 *(a)(c)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 111073 |
| **Southeastern Pennsylvania Transportation Authority** | **Southeastern Pennsylvania Transportation Authority** | **Southeastern Pennsylvania Transportation Authority** | **Southeastern Pennsylvania Transportation Authority** | **Southeastern Pennsylvania Transportation Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.25% | 06/01/47 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52107 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.25% | 06/01/52 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 770881 |
| **State Public School Building Authority** | **State Public School Building Authority** | **State Public School Building Authority** | **State Public School Building Authority** | **State Public School Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB School District of Philadelphia Series 2006 B  | 5.00% | 06/01/29 *(c)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 100819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB School District of Philadelphia Series 2016 A  | 5.00% | 06/01/31 *(a)(c)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 96315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB School District of Philadelphia Series 2016 A  | 5.00% | 06/01/32 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101338 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB School District of Philadelphia Series 2016 A  | 5.00% | 06/01/33 *(a)(c)* | &nbsp;&nbsp; 670000 | &nbsp;&nbsp; 678519 |
| **University of Pittsburgh-of the Commonwealth System of Higher Education** | **University of Pittsburgh-of the Commonwealth System of Higher Education** | **University of Pittsburgh-of the Commonwealth System of Higher Education** | **University of Pittsburgh-of the Commonwealth System of Higher Education** | **University of Pittsburgh-of the Commonwealth System of Higher Education** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 02/15/34 *(a)* | &nbsp;&nbsp; 1420000 | &nbsp;&nbsp; 1615953 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 5.00% | 02/15/29 *(a)* | &nbsp;&nbsp; 560000 | &nbsp;&nbsp; 596430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 04/15/32 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 228895 |
|  |  |  |  | &nbsp;&nbsp; **107371853** |
| **RHODE ISLAND** 0.1%  | **RHODE ISLAND** 0.1%  | **RHODE ISLAND** 0.1%  | **RHODE ISLAND** 0.1%  | **RHODE ISLAND** 0.1%  |
| **Rhode Island Commerce Corp.** | **Rhode Island Commerce Corp.** | **Rhode Island Commerce Corp.** | **Rhode Island Commerce Corp.** | **Rhode Island Commerce Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 06/15/27 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100433 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 06/15/29 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 251102 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 06/15/31 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 80334 |
| **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** | **Rhode Island Health & Educational Building Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Providence College Series 2023  | 5.00% | 11/01/53 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152256 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Brown University Series 2017 A  | 5.00% | 09/01/29 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 170017 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bryant University Series 2024  | 5.00% | 06/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 253040 |
| **Rhode Island Turnpike & Bridge Authority** | **Rhode Island Turnpike & Bridge Authority** | **Rhode Island Turnpike & Bridge Authority** | **Rhode Island Turnpike & Bridge Authority** | **Rhode Island Turnpike & Bridge Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 10/01/40 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1250917 |
|  |  |  |  | &nbsp;&nbsp; **2258099** |
| **SOUTH CAROLINA** 0.7%  | **SOUTH CAROLINA** 0.7%  | **SOUTH CAROLINA** 0.7%  | **SOUTH CAROLINA** 0.7%  | **SOUTH CAROLINA** 0.7%  |
| **Charleston County Airport District** | **Charleston County Airport District** | **Charleston County Airport District** | **Charleston County Airport District** | **Charleston County Airport District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.25% | 07/01/54 *(a)* | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 371972 |
| **Charleston Educational Excellence Finance Corp.** | **Charleston Educational Excellence Finance Corp.** | **Charleston Educational Excellence Finance Corp.** | **Charleston Educational Excellence Finance Corp.** | **Charleston Educational Excellence Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB School District Series 2023  | 5.00% | 12/01/26  | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76241 |
| **City of Charleston Waterworks & Sewer System Revenue** | **City of Charleston Waterworks & Sewer System Revenue** | **City of Charleston Waterworks & Sewer System Revenue** | **City of Charleston Waterworks & Sewer System Revenue** | **City of Charleston Waterworks & Sewer System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 01/01/49 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209925 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 01/01/54 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2597343 |
| **City of Columbia Waterworks & Sewer System Revenue** | **City of Columbia Waterworks & Sewer System Revenue** | **City of Columbia Waterworks & Sewer System Revenue** | **City of Columbia Waterworks & Sewer System Revenue** | **City of Columbia Waterworks & Sewer System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 02/01/41 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 344120 |
| **City of Rock Hill Combined Utility System Revenue** | **City of Rock Hill Combined Utility System Revenue** | **City of Rock Hill Combined Utility System Revenue** | **City of Rock Hill Combined Utility System Revenue** | **City of Rock Hill Combined Utility System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 01/01/54 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 202590 |
| **Greenville County School District** | **Greenville County School District** | **Greenville County School District** | **Greenville County School District** | **Greenville County School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 5.00% | 12/01/26  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 5.00% | 12/01/27  | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 525643 |
| **Greenville-Spartanburg Airport District** | **Greenville-Spartanburg Airport District** | **Greenville-Spartanburg Airport District** | **Greenville-Spartanburg Airport District** | **Greenville-Spartanburg Airport District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 07/01/54 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258314 |
| **Horry County School District** | **Horry County School District** | **Horry County School District** | **Horry County School District** | **Horry County School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 03/01/28 *(c)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 167482 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 03/01/29 *(c)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 176280 |
| **Piedmont Municipal Power Agency** | **Piedmont Municipal Power Agency** | **Piedmont Municipal Power Agency** | **Piedmont Municipal Power Agency** | **Piedmont Municipal Power Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Catawba Project Power Sales Revenue Series 2021 C  | 5.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 232093 |

---

**270**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **South Carolina Public Service Authority** | **South Carolina Public Service Authority** | **South Carolina Public Service Authority** | **South Carolina Public Service Authority** | **South Carolina Public Service Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 E  | 5.25% | 12/01/55 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 350023 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 12/01/29 *(a)(b)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25102 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 12/01/30 *(a)(b)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40164 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 12/01/35 *(a)(b)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 130532 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 12/01/37 *(a)(b)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35143 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 224888 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B  | 4.00% | 12/01/51 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 74333 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 12/01/31  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 60888 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 152349 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 12/01/44 *(a)* | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 500922 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 12/01/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 449737 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 12/01/52 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 286964 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 12/01/55 *(a)* | &nbsp;&nbsp; 885000 | &nbsp;&nbsp; 759994 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022E  | 5.75% | 12/01/47 *(a)* | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 387418 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 12/01/49 *(a)* | &nbsp;&nbsp; 2075000 | &nbsp;&nbsp; 2180638 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.50% | 12/01/54 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1057308 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 12/01/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256319 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 12/01/55 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 252388 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 A  | 5.00% | 12/01/51 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1121845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014 C  | 4.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 27848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015 A  | 5.00% | 12/01/50 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 109264 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 12/01/29 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 60219 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 12/01/30 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 12/01/35 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 270729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 12/01/37 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 80164 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 12/01/37 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 12/01/56 *(a)* | &nbsp;&nbsp; 445000 | &nbsp;&nbsp; 435994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 12/01/31 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 81604 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 12/01/32 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 227674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 12/01/40 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1469820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 12/01/42 *(a)* | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1105780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41579 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 12/01/34 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 168839 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 12/01/36 *(a)* | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 577129 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 12/01/37 *(a)(c)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 360143 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 145697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 12/01/42 *(a)(c)* | &nbsp;&nbsp; 850000 | &nbsp;&nbsp; 915191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 12/01/43 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 47921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 4.13% | 12/01/44 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 204630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 270440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 12/01/54 *(a)(c)* | &nbsp;&nbsp; 2190000 | &nbsp;&nbsp; 2241393 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.25% | 12/01/54 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 674848 |
| **South Carolina Transportation Infrastructure Bank** | **South Carolina Transportation Infrastructure Bank** | **South Carolina Transportation Infrastructure Bank** | **South Carolina Transportation Infrastructure Bank** | **South Carolina Transportation Infrastructure Bank** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 10/01/32 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 131675 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 10/01/40 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 10/01/26  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50637 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 10/01/27  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51870 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 10/01/28  | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 190787 |

---

**271**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 10/01/30  | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 576318 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 10/01/31  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27848 |
| **Spartanburg County School District No. 4** | **Spartanburg County School District No. 4** | **Spartanburg County School District No. 4** | **Spartanburg County School District No. 4** | **Spartanburg County School District No. 4** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.25% | 03/01/52 *(a)(c)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 388682 |
| **University of South Carolina** | **University of South Carolina** | **University of South Carolina** | **University of South Carolina** | **University of South Carolina** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/01/46 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 67732 |
|  |  |  |  | &nbsp;&nbsp; **24905256** |
| **SOUTH DAKOTA** 0.0%  | **SOUTH DAKOTA** 0.0%  | **SOUTH DAKOTA** 0.0%  | **SOUTH DAKOTA** 0.0%  | **SOUTH DAKOTA** 0.0%  |
| **South Dakota Conservancy District** | **South Dakota Conservancy District** | **South Dakota Conservancy District** | **South Dakota Conservancy District** | **South Dakota Conservancy District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 08/01/54 *(a)* | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; **484150** |
| **TENNESSEE** 0.7%  | **TENNESSEE** 0.7%  | **TENNESSEE** 0.7%  | **TENNESSEE** 0.7%  | **TENNESSEE** 0.7%  |
| **City of Clarksville Water Sewer & Gas Revenue** | **City of Clarksville Water Sewer & Gas Revenue** | **City of Clarksville Water Sewer & Gas Revenue** | **City of Clarksville Water Sewer & Gas Revenue** | **City of Clarksville Water Sewer & Gas Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 02/01/45 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36264 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 02/01/51 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 241707 |
| **City of Memphis Memphis Light Gas & Water Division Electric System Revenue** | **City of Memphis Memphis Light Gas & Water Division Electric System Revenue** | **City of Memphis Memphis Light Gas & Water Division Electric System Revenue** | **City of Memphis Memphis Light Gas & Water Division Electric System Revenue** | **City of Memphis Memphis Light Gas & Water Division Electric System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.00% | 12/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 510786 |
| **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** | **Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Belmont University Series 2023  | 5.25% | 05/01/53 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50964 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Vanderbilt University Series 2024  | 5.00% | 10/01/34  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 11444 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Vanderbilt University Series 2024  | 4.00% | 10/01/54 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 87452 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Vanderbilt University Series 2024  | 5.00% | 10/01/54 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1038376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Lipscomb University Obligated Group Series 2019 A  | 5.25% | 10/01/58 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 229608 |
| **Metropolitan Government Nashville & Davidson County Sports Authority** | **Metropolitan Government Nashville & Davidson County Sports Authority** | **Metropolitan Government Nashville & Davidson County Sports Authority** | **Metropolitan Government Nashville & Davidson County Sports Authority** | **Metropolitan Government Nashville & Davidson County Sports Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 07/01/48 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262636 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 07/01/53 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1033849 |
| **Metropolitan Government of Nashville & Davidson County** | **Metropolitan Government of Nashville & Davidson County** | **Metropolitan Government of Nashville & Davidson County** | **Metropolitan Government of Nashville & Davidson County** | **Metropolitan Government of Nashville & Davidson County** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 4.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 65950 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 4.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201974 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 07/01/26  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150948 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 07/01/27  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41247 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 131318 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 4.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127572 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 4.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151309 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 5.00% | 01/01/29  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53240 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 5.00% | 01/01/30  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54222 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 4.00% | 01/01/31  | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 47301 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 3.00% | 01/01/33 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 48063 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 3.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 118913 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 3.00% | 01/01/35 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 51589 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 4.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 270000 | &nbsp;&nbsp; 268247 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/32  | &nbsp;&nbsp; 445000 | &nbsp;&nbsp; 497391 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 01/01/33  | &nbsp;&nbsp; 7345000 | &nbsp;&nbsp; 8294449 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2241699 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 4.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56433 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 4.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1011473 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 01/01/40 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 376457 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 01/01/41 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 81185 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 4.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 246251 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 4.00% | 01/01/45 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 484821 |

---

**272**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016  | 2.50% | 01/01/29 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 303600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2026 D  | 5.00% | 01/01/30 *(e)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2168180 |
| **Metropolitan Government of Nashville & Davidson County Electric Revenue** | **Metropolitan Government of Nashville & Davidson County Electric Revenue** | **Metropolitan Government of Nashville & Davidson County Electric Revenue** | **Metropolitan Government of Nashville & Davidson County Electric Revenue** | **Metropolitan Government of Nashville & Davidson County Electric Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 05/15/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101362 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 05/15/46 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25963 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 05/15/49 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 688167 |
| **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** | **Metropolitan Government of Nashville & Davidson County Water & Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 4.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 463502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 607286 |
| **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** | **Metropolitan Nashville Airport Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 227299 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.00% | 07/01/54 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 22040 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2026 A  | 5.00% | 07/01/56 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 511540 |
| **Tennessee State School Bond Authority** | **Tennessee State School Bond Authority** | **Tennessee State School Bond Authority** | **Tennessee State School Bond Authority** | **Tennessee State School Bond Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 11/01/47 *(a)(c)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 119770 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 11/01/52 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102745 |
| **Town of Collierville** | **Town of Collierville** | **Town of Collierville** | **Town of Collierville** | **Town of Collierville** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015 A  | 4.00% | 01/01/46 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 240202 |
|  |  |  |  | &nbsp;&nbsp; **23886794** |
| **TEXAS** 11.2%  | **TEXAS** 11.2%  | **TEXAS** 11.2%  | **TEXAS** 11.2%  | **TEXAS** 11.2%  |
| **Alamo Community College District** | **Alamo Community College District** | **Alamo Community College District** | **Alamo Community College District** | **Alamo Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 02/15/27  | &nbsp;&nbsp; 655000 | &nbsp;&nbsp; 669302 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 02/15/30  | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10801 |
| **Aldine Independent School District** | **Aldine Independent School District** | **Aldine Independent School District** | **Aldine Independent School District** | **Aldine Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2263265 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2189065 |
| **Allen Independent School District** | **Allen Independent School District** | **Allen Independent School District** | **Allen Independent School District** | **Allen Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 4.38% | 02/15/50 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 239378 |
| **Anna Independent School District** | **Anna Independent School District** | **Anna Independent School District** | **Anna Independent School District** | **Anna Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.25% | 02/15/55 *(a)(c)* | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 500763 |
| **Aubrey Independent School District** | **Aubrey Independent School District** | **Aubrey Independent School District** | **Aubrey Independent School District** | **Aubrey Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 02/15/47 *(a)(c)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1874408 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 02/15/52 *(a)(c)* | &nbsp;&nbsp; 1025000 | &nbsp;&nbsp; 903408 |
| **Austin Community College District** | **Austin Community College District** | **Austin Community College District** | **Austin Community College District** | **Austin Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2015  | 4.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 317821 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 08/01/53 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 57230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.25% | 08/01/50 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.25% | 08/01/55 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260829 |
| **Austin Independent School District** | **Austin Independent School District** | **Austin Independent School District** | **Austin Independent School District** | **Austin Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 918312 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50778 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/36 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111750 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/37 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55448 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/38 *(a)(c)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 77103 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 08/01/43 *(a)(c)* | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 351420 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 08/01/44 *(a)(c)* | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 340469 |
| **Azle Independent School District** | **Azle Independent School District** | **Azle Independent School District** | **Azle Independent School District** | **Azle Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 4.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 1225000 | &nbsp;&nbsp; 1117035 |

---

**273**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Barbers Hill Independent School District** | **Barbers Hill Independent School District** | **Barbers Hill Independent School District** | **Barbers Hill Independent School District** | **Barbers Hill Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 02/15/41 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 99403 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 1460000 | &nbsp;&nbsp; 1337114 |
| **Bastrop Independent School District** | **Bastrop Independent School District** | **Bastrop Independent School District** | **Bastrop Independent School District** | **Bastrop Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 128644 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1016249 |
| **Belton Independent School District** | **Belton Independent School District** | **Belton Independent School District** | **Belton Independent School District** | **Belton Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 02/15/47 *(a)(c)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 373694 |
| **Bexar County Hospital District** | **Bexar County Hospital District** | **Bexar County Hospital District** | **Bexar County Hospital District** | **Bexar County Hospital District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 02/15/45 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25486 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 02/15/50 *(a)* | &nbsp;&nbsp; 845000 | &nbsp;&nbsp; 743016 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.25% | 02/15/52 *(a)* | &nbsp;&nbsp; 910000 | &nbsp;&nbsp; 829910 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 251778 |
| **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** | **Board of Regents of the University of Texas System** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 B  | 5.00% | 08/15/26  | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 267448 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 E  | 5.00% | 08/15/26  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50462 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 E  | 5.00% | 08/15/27  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 165354 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 J  | 5.00% | 08/15/26  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 186709 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B  | 3.38% | 08/15/44 *(a)* | &nbsp;&nbsp; 485000 | &nbsp;&nbsp; 419194 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 08/15/29  | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 808417 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 08/15/49  | &nbsp;&nbsp; 595000 | &nbsp;&nbsp; 643833 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 08/15/31  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 177474 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 08/15/33 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 356344 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 08/15/34 *(a)* | &nbsp;&nbsp; 3160000 | &nbsp;&nbsp; 3498855 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 08/15/43 *(a)* | &nbsp;&nbsp; 4500000 | &nbsp;&nbsp; 4781353 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 08/15/41 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 141639 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 5.00% | 08/15/42 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 113739 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 B  | 4.00% | 08/15/54 *(a)* | &nbsp;&nbsp; 1165000 | &nbsp;&nbsp; 1019903 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 08/15/29  | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 544334 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014 B  | 5.00% | 08/15/26  | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 222032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 08/15/32 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 08/15/33 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 303708 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 08/15/34 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 249445 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 08/15/30  | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 579959 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 C  | 5.00% | 08/15/31  | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 160836 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 5.00% | 08/15/31  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 288395 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 08/15/35 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 2.00% | 08/15/36 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 205880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 3.25% | 08/15/52 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 38308 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/26  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/28  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 195514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/29  | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 474271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/34  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 570106 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/35 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 90369 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/37 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 833536 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/39 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 115472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 4.13% | 08/15/54 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 81393 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 A  | 5.00% | 08/15/39 *(a)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3369457 |
| **Canutillo Independent School District** | **Canutillo Independent School District** | **Canutillo Independent School District** | **Canutillo Independent School District** | **Canutillo Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.25% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 379888 |

---

**274**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Carrollton-Farmers Branch Independent School District** | **Carrollton-Farmers Branch Independent School District** | **Carrollton-Farmers Branch Independent School District** | **Carrollton-Farmers Branch Independent School District** | **Carrollton-Farmers Branch Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(b)(c)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33786 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 226675 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 222410 |
| **Cedar Hill Independent School District** | **Cedar Hill Independent School District** | **Cedar Hill Independent School District** | **Cedar Hill Independent School District** | **Cedar Hill Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/50 *(a)(c)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 497146 |
| **Central Texas Regional Mobility Authority** | **Central Texas Regional Mobility Authority** | **Central Texas Regional Mobility Authority** | **Central Texas Regional Mobility Authority** | **Central Texas Regional Mobility Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 E  | 4.00% | 01/01/50 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 135003 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B  | 5.00% | 01/01/46 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 307801 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B  | 4.00% | 01/01/51 *(a)* | &nbsp;&nbsp; 900000 | &nbsp;&nbsp; 789137 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 C  | 5.00% | 01/01/27 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201227 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 3.38% | 01/01/41 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 124543 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 D  | 4.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 545000 | &nbsp;&nbsp; 508763 |
| **Central Texas Turnpike System** | **Central Texas Turnpike System** | **Central Texas Turnpike System** | **Central Texas Turnpike System** | **Central Texas Turnpike System** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2002 A  | 3.54% | 08/15/26 *(c)(d)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 98925 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2002 A  | 3.60% | 08/15/27 *(c)(d)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96033 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2002 A  | 3.04% | 08/15/28 *(c)(d)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 186205 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2002 A  | 3.26% | 08/15/29 *(c)(d)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 202675 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2002 A  | 3.61% | 08/15/30 *(c)(d)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 86931 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 08/15/39 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 89254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 3.00% | 08/15/40 *(a)* | &nbsp;&nbsp; 395000 | &nbsp;&nbsp; 330808 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/32  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 338141 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/35 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 166822 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 08/15/37 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 60635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/31  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 60294 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/32  | &nbsp;&nbsp; 2870000 | &nbsp;&nbsp; 3176608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/33  | &nbsp;&nbsp; 555000 | &nbsp;&nbsp; 617998 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/34  | &nbsp;&nbsp; 1265000 | &nbsp;&nbsp; 1413506 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/36 *(a)* | &nbsp;&nbsp; 2575000 | &nbsp;&nbsp; 2844980 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/38 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 147715 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/39 *(a)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 440241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/40 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/41 *(a)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1182030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 C  | 5.00% | 08/15/42 *(a)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 855490 |
| **Chambers County Justice Center Public Facilities Corp.** | **Chambers County Justice Center Public Facilities Corp.** | **Chambers County Justice Center Public Facilities Corp.** | **Chambers County Justice Center Public Facilities Corp.** | **Chambers County Justice Center Public Facilities Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.50% | 06/01/55 *(a)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 339544 |
| **City of Austin Airport System Revenue** | **City of Austin Airport System Revenue** | **City of Austin Airport System Revenue** | **City of Austin Airport System Revenue** | **City of Austin Airport System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 A  | 5.00% | 11/15/46 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 150625 |
| **City of Austin Electric Utility Revenue** | **City of Austin Electric Utility Revenue** | **City of Austin Electric Utility Revenue** | **City of Austin Electric Utility Revenue** | **City of Austin Electric Utility Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 11/15/44 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 230712 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 11/15/54 *(a)* | &nbsp;&nbsp; 630000 | &nbsp;&nbsp; 645161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/15/50 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023  | 5.00% | 11/15/48 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 11/15/50 *(a)* | &nbsp;&nbsp; 810000 | &nbsp;&nbsp; 834436 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 11/15/55 *(a)* | &nbsp;&nbsp; 1005000 | &nbsp;&nbsp; 1030339 |
| **City of Austin Water & Wastewater System Revenue** | **City of Austin Water & Wastewater System Revenue** | **City of Austin Water & Wastewater System Revenue** | **City of Austin Water & Wastewater System Revenue** | **City of Austin Water & Wastewater System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 5.00% | 11/15/45 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.00% | 11/15/28  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 275738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.00% | 11/15/52 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102546 |
| **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** | **City of Corpus Christi Utility System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 07/15/49 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1015724 |

---

**275**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **City of Dallas** | **City of Dallas** | **City of Dallas** | **City of Dallas** | **City of Dallas** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 3.00% | 02/15/33 *(a)(c)* | &nbsp;&nbsp; 980000 | &nbsp;&nbsp; 943495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 3.13% | 02/15/35 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 94567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 3.25% | 02/15/37 *(a)(c)* | &nbsp;&nbsp; 1240000 | &nbsp;&nbsp; 1147920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 A  | 5.00% | 02/15/29  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 85233 |
| **City of Dallas Waterworks & Sewer System Revenue** | **City of Dallas Waterworks & Sewer System Revenue** | **City of Dallas Waterworks & Sewer System Revenue** | **City of Dallas Waterworks & Sewer System Revenue** | **City of Dallas Waterworks & Sewer System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 C  | 4.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 483106 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 C  | 3.00% | 10/01/46 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 153662 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 4.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 423469 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 4.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 399271 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 4.13% | 10/01/54 *(a)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 385217 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85959 |
| **City of El Paso** | **City of El Paso** | **City of El Paso** | **City of El Paso** | **City of El Paso** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 4.00% | 08/15/42 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 319072 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 4.00% | 08/15/42 *(a)(b)* | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5027 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 B  | 4.00% | 08/15/47 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 181015 |
| **City of El Paso Water & Sewer Revenue** | **City of El Paso Water & Sewer Revenue** | **City of El Paso Water & Sewer Revenue** | **City of El Paso Water & Sewer Revenue** | **City of El Paso Water & Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 03/01/49  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1065015 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 03/01/52 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50836 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 03/01/44 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 187864 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.25% | 03/01/49 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 4.00% | 03/01/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 224207 |
| **City of Fort Worth Water & Sewer System Revenue** | **City of Fort Worth Water & Sewer System Revenue** | **City of Fort Worth Water & Sewer System Revenue** | **City of Fort Worth Water & Sewer System Revenue** | **City of Fort Worth Water & Sewer System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 4.25% | 02/15/53 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 74016 |
| **City of Georgetown Utility System Revenue** | **City of Georgetown Utility System Revenue** | **City of Georgetown Utility System Revenue** | **City of Georgetown Utility System Revenue** | **City of Georgetown Utility System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 08/15/42 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105501 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 4.25% | 08/15/47 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 47308 |
| **City of Houston** | **City of Houston** | **City of Houston** | **City of Houston** | **City of Houston** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 03/01/34 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 221586 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.25% | 03/01/42 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 593276 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 03/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 264769 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.25% | 03/01/49 *(a)* | &nbsp;&nbsp; 1700000 | &nbsp;&nbsp; 1786572 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 4.13% | 03/01/51 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 408553 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 03/01/33  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 557940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 5.00% | 03/01/27 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 120236 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 03/01/29 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 03/01/28  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 167268 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 03/01/29  | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 537035 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 03/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106077 |
| **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** | **City of Houston Airport System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 B  | 5.00% | 07/01/29 *(a)* | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 577733 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 D  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 134603 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 D  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 118839 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 07/01/32 *(c)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 345447 |
| **City of Houston Combined Utility System Revenue** | **City of Houston Combined Utility System Revenue** | **City of Houston Combined Utility System Revenue** | **City of Houston Combined Utility System Revenue** | **City of Houston Combined Utility System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 1998 A  | 3.08% | 12/01/28 *(b)(c)(d)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 101844 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 4.00% | 11/15/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 140709 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 11/15/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102178 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 11/15/31 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 95368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 11/15/37 *(a)* | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 378677 |

---

**276**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 11/15/42 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127241 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 4.00% | 11/15/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 453023 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 11/15/32 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 157500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 11/15/33 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 270545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 C  | 4.00% | 11/15/49 *(a)* | &nbsp;&nbsp; 1090000 | &nbsp;&nbsp; 972537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 11/15/46 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 182868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/27  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 109063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/29  | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 404071 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/32  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 140002 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/33  | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 45186 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/34 *(a)* | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 519788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/35 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 291806 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/36 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 373293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.25% | 11/15/49 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 292503 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.25% | 11/15/54 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 360084 |
| **City of Houston Hotel Occupancy Tax & Special Revenue** | **City of Houston Hotel Occupancy Tax & Special Revenue** | **City of Houston Hotel Occupancy Tax & Special Revenue** | **City of Houston Hotel Occupancy Tax & Special Revenue** | **City of Houston Hotel Occupancy Tax & Special Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 C  | 5.17% | 09/01/49 *(a)(d)(e)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 304716 |
| **City of Hutto** | **City of Hutto** | **City of Hutto** | **City of Hutto** | **City of Hutto** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.13% | 08/01/49 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 231002 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.25% | 08/01/54 *(a)(c)* | &nbsp;&nbsp; 245000 | &nbsp;&nbsp; 224955 |
| **City of Lubbock Electric Light & Power System Revenue** | **City of Lubbock Electric Light & Power System Revenue** | **City of Lubbock Electric Light & Power System Revenue** | **City of Lubbock Electric Light & Power System Revenue** | **City of Lubbock Electric Light & Power System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 04/15/46 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 54575 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 04/15/51 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 220013 |
| **City of New Braunfels Utility System Revenue** | **City of New Braunfels Utility System Revenue** | **City of New Braunfels Utility System Revenue** | **City of New Braunfels Utility System Revenue** | **City of New Braunfels Utility System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 4.00% | 07/01/55 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 254206 |
| **City of Pflugerville** | **City of Pflugerville** | **City of Pflugerville** | **City of Pflugerville** | **City of Pflugerville** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 08/01/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 223636 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/01/53 *(a)* | &nbsp;&nbsp; 1600000 | &nbsp;&nbsp; 1630189 |
| **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** | **City of San Antonio Electric & Gas Systems Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020  | 5.00% | 02/01/49 *(a)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 420421 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 A  | 5.00% | 02/01/46 *(a)* | &nbsp;&nbsp; 1600000 | &nbsp;&nbsp; 1647043 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 02/01/42 *(a)* | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5465 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.25% | 02/01/46 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 111088 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.50% | 02/01/50 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 796771 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 276413 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 02/01/43 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 373019 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 02/01/44 *(a)* | &nbsp;&nbsp; 1350000 | &nbsp;&nbsp; 1468578 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 02/01/49 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 512071 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 C  | 5.00% | 02/01/54 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255378 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 E  | 5.25% | 02/01/49 *(a)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 403189 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 5.00% | 02/01/27 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 5.00% | 02/01/29 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 5.00% | 02/01/30 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 02/01/47 *(a)* | &nbsp;&nbsp; 810000 | &nbsp;&nbsp; 736365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018  | 5.00% | 02/01/27  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51039 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018  | 5.00% | 02/01/28  | &nbsp;&nbsp; 610000 | &nbsp;&nbsp; 635987 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019  | 5.00% | 02/01/34 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 202540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019  | 5.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 180625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019  | 5.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 116458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019  | 3.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 86860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 02/01/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1093523 |

---

**277**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.25% | 02/01/49 *(a)* | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 276936 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 A  | 5.00% | 02/01/33  | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 840722 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2026 A  | 5.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp; 3898975 |
| **City of Seguin** | **City of Seguin** | **City of Seguin** | **City of Seguin** | **City of Seguin** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.25% | 09/01/58 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 206104 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.50% | 09/01/59 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1064484 |
| **City of Waco** | **City of Waco** | **City of Waco** | **City of Waco** | **City of Waco** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 02/01/49 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 361835 |
| **Cleburne Independent School District** | **Cleburne Independent School District** | **Cleburne Independent School District** | **Cleburne Independent School District** | **Cleburne Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 5.00% | 02/15/41 *(a)(c)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25011 |
| **Comal Independent School District** | **Comal Independent School District** | **Comal Independent School District** | **Comal Independent School District** | **Comal Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 02/01/43 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 983207 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 2.63% | 02/01/47 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 70505 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 02/01/48 *(a)(c)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2603434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 3.00% | 02/15/39 *(a)(c)* | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 336959 |
| **Conroe Independent School District** | **Conroe Independent School District** | **Conroe Independent School District** | **Conroe Independent School District** | **Conroe Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 4.00% | 02/15/47 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 932051 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/37 *(a)(c)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 49891 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/38 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110180 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/39 *(a)(c)* | &nbsp;&nbsp; 355000 | &nbsp;&nbsp; 388586 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/41 *(a)(c)* | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 394742 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/43 *(a)(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 80326 |
| **County of Bexar** | **County of Bexar** | **County of Bexar** | **County of Bexar** | **County of Bexar** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 5.00% | 06/15/43 *(a)(b)* | &nbsp;&nbsp; 415000 | &nbsp;&nbsp; 417052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 4.00% | 06/15/41 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 215163 |
| **County of Ector** | **County of Ector** | **County of Ector** | **County of Ector** | **County of Ector** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/50 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 307568 |
| **County of Fort Bend** | **County of Fort Bend** | **County of Fort Bend** | **County of Fort Bend** | **County of Fort Bend** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 03/01/53 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36544 |
| **County of Fort Bend Toll Road Revenue** | **County of Fort Bend Toll Road Revenue** | **County of Fort Bend Toll Road Revenue** | **County of Fort Bend Toll Road Revenue** | **County of Fort Bend Toll Road Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.25% | 03/01/55 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 363071 |
| **County of Harris** | **County of Harris** | **County of Harris** | **County of Harris** | **County of Harris** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 4.25% | 09/15/48 *(a)* | &nbsp;&nbsp; 1375000 | &nbsp;&nbsp; 1314489 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 09/15/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259184 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 09/15/49 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 45488 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 09/15/54 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 410958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 A  | 5.00% | 10/01/26  | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 116453 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 5.00% | 09/15/54 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1027394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 A  | 5.00% | 09/15/27  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 284908 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Toll Road Revenue Series 2016 A  | 5.00% | 08/15/30 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 45373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Toll Road Revenue Series 2016 A  | 5.00% | 08/15/33 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Toll Road Revenue Series 2016 A  | 5.00% | 08/15/41 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 250928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Toll Road Revenue Series 2016 A  | 5.00% | 08/15/47 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25056 |
| **County of Harris Toll Road Revenue** | **County of Harris Toll Road Revenue** | **County of Harris Toll Road Revenue** | **County of Harris Toll Road Revenue** | **County of Harris Toll Road Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 08/15/36 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 419504 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 08/15/39 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 197559 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 08/15/41 *(a)* | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 429862 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 08/15/42 *(a)* | &nbsp;&nbsp; 715000 | &nbsp;&nbsp; 689689 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 08/15/44 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 533450 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 08/15/49 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 178130 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 08/15/54 *(a)* | &nbsp;&nbsp; 1400000 | &nbsp;&nbsp; 1209515 |

---

**278**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.25% | 08/15/54 *(a)* | &nbsp;&nbsp; 985000 | &nbsp;&nbsp; 1025288 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 08/15/31 *(a)* | &nbsp;&nbsp; 505000 | &nbsp;&nbsp; 524327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 08/15/32 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 357481 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 4.00% | 08/15/48 *(a)* | &nbsp;&nbsp; 705000 | &nbsp;&nbsp; 636665 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021  | 3.00% | 08/15/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 705558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021  | 4.00% | 08/15/50 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 84528 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/15/29  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 198668 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/15/33 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111119 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 4.50% | 08/15/55 *(a)* | &nbsp;&nbsp; 1195000 | &nbsp;&nbsp; 1155250 |
| **County of Hays** | **County of Hays** | **County of Hays** | **County of Hays** | **County of Hays** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026  | 4.50% | 02/15/51 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 242027 |
| **County of Hidalgo** | **County of Hidalgo** | **County of Hidalgo** | **County of Hidalgo** | **County of Hidalgo** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 A  | 4.00% | 08/15/43 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 192515 |
| **County of Williamson** | **County of Williamson** | **County of Williamson** | **County of Williamson** | **County of Williamson** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/29  | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5302827 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 268989 |
| **Crowley Independent School District** | **Crowley Independent School District** | **Crowley Independent School District** | **Crowley Independent School District** | **Crowley Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/01/48 *(a)(c)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 289170 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.25% | 02/01/53 *(a)(c)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 552304 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 02/01/53 *(a)(c)* | &nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2333655 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/01/49 *(a)(c)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 190850 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.25% | 02/01/56 *(a)(c)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1249718 |
| **Cypress-Fairbanks Independent School District** | **Cypress-Fairbanks Independent School District** | **Cypress-Fairbanks Independent School District** | **Cypress-Fairbanks Independent School District** | **Cypress-Fairbanks Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 4.00% | 02/15/44 *(a)(c)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 136539 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/43 *(a)(c)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1456633 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 139797 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 B  | 4.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 372229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 A  | 5.00% | 02/15/27 *(c)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 122620 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 02/15/30 *(c)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 249769 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 02/15/34 *(c)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1412694 |
| **Dallas Area Rapid Transit** | **Dallas Area Rapid Transit** | **Dallas Area Rapid Transit** | **Dallas Area Rapid Transit** | **Dallas Area Rapid Transit** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007  | 5.25% | 12/01/30 *(c)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 570142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007  | 5.25% | 12/01/31 *(c)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 44951 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019  | 5.00% | 12/01/29  | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 86378 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 3.00% | 12/01/47 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 146549 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 5.00% | 12/01/47 *(a)* | &nbsp;&nbsp; 2910000 | &nbsp;&nbsp; 3003817 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 4.00% | 12/01/51 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 665644 |
| **Dallas Fort Worth International Airport** | **Dallas Fort Worth International Airport** | **Dallas Fort Worth International Airport** | **Dallas Fort Worth International Airport** | **Dallas Fort Worth International Airport** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 251539 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 11/01/38 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 143210 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 11/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 269969 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.25% | 11/01/48 *(a)* | &nbsp;&nbsp; 3450000 | &nbsp;&nbsp; 3650035 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 4.00% | 11/01/49 *(a)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 346113 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.25% | 11/01/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1050896 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 B  | 5.25% | 11/01/56 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1040500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020  | 4.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102289 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/26  | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 177530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/27  | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 306340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/28  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 317748 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/30  | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 235047 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 227152 |

---

**279**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 11/01/35 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 76394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 B  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 140618 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 11/01/46 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 50390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 B  | 4.00% | 11/01/45 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 350018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 5.00% | 11/01/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55323 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33417 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 4.00% | 11/01/41 *(a)* | &nbsp;&nbsp; 755000 | &nbsp;&nbsp; 750440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 B  | 4.00% | 11/01/45 *(a)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 499963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 11/01/29  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 215621 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 11/01/31  | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 315340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 11/01/33  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 281961 |
| **Dallas Independent School District** | **Dallas Independent School District** | **Dallas Independent School District** | **Dallas Independent School District** | **Dallas Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 3.00% | 02/15/35 *(a)(c)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 322960 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 3.00% | 02/15/36 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 466368 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1030574 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 4.00% | 02/15/53 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 885472 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 526511 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 02/15/28 *(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261616 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 02/15/29 *(c)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 453892 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 02/15/33 *(c)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 230816 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 A  | 5.00% | 02/15/39 *(a)(c)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2212873 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 A  | 5.00% | 02/15/40 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1100023 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 A  | 5.00% | 02/15/42 *(a)(c)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3258064 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2026 A  | 5.00% | 02/15/43 *(a)(c)* | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3235717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 02/15/29 *(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 533990 |
| **Del Valle Independent School District** | **Del Valle Independent School District** | **Del Valle Independent School District** | **Del Valle Independent School District** | **Del Valle Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 06/15/47 *(a)(c)* | &nbsp;&nbsp; 1640000 | &nbsp;&nbsp; 1517892 |
| **Denison Independent School District** | **Denison Independent School District** | **Denison Independent School District** | **Denison Independent School District** | **Denison Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 4.00% | 08/01/53 *(a)(c)* | &nbsp;&nbsp; 520000 | &nbsp;&nbsp; 466958 |
| **Denton Independent School District** | **Denton Independent School District** | **Denton Independent School District** | **Denton Independent School District** | **Denton Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 08/15/48 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50382 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 2.00% | 08/15/48 *(a)(c)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 137199 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/15/36 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110661 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/15/39 *(a)(c)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 341865 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/15/40 *(a)(c)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 194370 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/15/42 *(a)(c)* | &nbsp;&nbsp; 470000 | &nbsp;&nbsp; 504133 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/15/48 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1031917 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/15/53 *(a)(c)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 611160 |
| **Duncanville Independent School District** | **Duncanville Independent School District** | **Duncanville Independent School District** | **Duncanville Independent School District** | **Duncanville Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102701 |
| **Eagle Mountain & Saginaw Independent School District** | **Eagle Mountain & Saginaw Independent School District** | **Eagle Mountain & Saginaw Independent School District** | **Eagle Mountain & Saginaw Independent School District** | **Eagle Mountain & Saginaw Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 3.00% | 08/15/46 *(a)(c)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 19169 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 08/15/54 *(a)(c)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1308457 |
| **East Montgomery County Improvement District Sales Tax Revenue** | **East Montgomery County Improvement District Sales Tax Revenue** | **East Montgomery County Improvement District Sales Tax Revenue** | **East Montgomery County Improvement District Sales Tax Revenue** | **East Montgomery County Improvement District Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.25% | 08/15/49 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1044631 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 4.25% | 08/15/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 453214 |
| **El Paso County Community College District** | **El Paso County Community College District** | **El Paso County Community College District** | **El Paso County Community College District** | **El Paso County Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016  | 5.00% | 04/01/42 *(a)(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75005 |
| **El Paso Independent School District** | **El Paso Independent School District** | **El Paso Independent School District** | **El Paso Independent School District** | **El Paso Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 4.00% | 08/15/43 *(a)(c)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 68296 |

---

**280**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Flour Bluff Independent School District** | **Flour Bluff Independent School District** | **Flour Bluff Independent School District** | **Flour Bluff Independent School District** | **Flour Bluff Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.25% | 08/15/55 *(a)(c)* | &nbsp;&nbsp; 820000 | &nbsp;&nbsp; 856396 |
| **Forney Independent School District** | **Forney Independent School District** | **Forney Independent School District** | **Forney Independent School District** | **Forney Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 B  | 4.00% | 08/15/47 *(a)(c)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 324712 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/15/48 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205857 |
| **Fort Bend County Texas Public Facility Corp.** | **Fort Bend County Texas Public Facility Corp.** | **Fort Bend County Texas Public Facility Corp.** | **Fort Bend County Texas Public Facility Corp.** | **Fort Bend County Texas Public Facility Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 03/01/53 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102224 |
| **Fort Worth Independent School District** | **Fort Worth Independent School District** | **Fort Worth Independent School District** | **Fort Worth Independent School District** | **Fort Worth Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 740000 | &nbsp;&nbsp; 684685 |
| **Friendswood Independent School District** | **Friendswood Independent School District** | **Friendswood Independent School District** | **Friendswood Independent School District** | **Friendswood Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 2.00% | 02/15/51 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 27864 |
| **Frisco Independent School District** | **Frisco Independent School District** | **Frisco Independent School District** | **Frisco Independent School District** | **Frisco Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019  | 5.00% | 08/15/36 *(a)(c)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 177893 |
| **Galveston Independent School District** | **Galveston Independent School District** | **Galveston Independent School District** | **Galveston Independent School District** | **Galveston Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 02/01/47 *(a)(c)* | &nbsp;&nbsp; 1430000 | &nbsp;&nbsp; 1330100 |
| **Garland Independent School District** | **Garland Independent School District** | **Garland Independent School District** | **Garland Independent School District** | **Garland Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/32 *(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1114988 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/35 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 166531 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/38 *(a)(c)* | &nbsp;&nbsp; 635000 | &nbsp;&nbsp; 691973 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/40 *(a)(c)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10777 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/41 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 160675 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/42 *(a)(c)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 117256 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/43 *(a)(c)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26532 |
| **Georgetown Independent School District** | **Georgetown Independent School District** | **Georgetown Independent School District** | **Georgetown Independent School District** | **Georgetown Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.13% | 08/15/47 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 142105 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.50% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 198624 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203965 |
| **Grand Parkway Transportation Corp.** | **Grand Parkway Transportation Corp.** | **Grand Parkway Transportation Corp.** | **Grand Parkway Transportation Corp.** | **Grand Parkway Transportation Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 10/01/35 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 206767 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 515881 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018 A  | 5.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 1475000 | &nbsp;&nbsp; 1505442 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 C  | 4.00% | 10/01/45 *(a)* | &nbsp;&nbsp; 1610000 | &nbsp;&nbsp; 1501152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 C  | 4.00% | 10/01/49 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1340606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 C  | 3.00% | 10/01/50 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 105691 |
| **Greater Texas Cultural Education Facilities Finance Corp.** | **Greater Texas Cultural Education Facilities Finance Corp.** | **Greater Texas Cultural Education Facilities Finance Corp.** | **Greater Texas Cultural Education Facilities Finance Corp.** | **Greater Texas Cultural Education Facilities Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Texas Biomedical Research Institute Series 2024 A  | 5.25% | 06/01/54 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 466013 |
| **Greater Texoma Utility Authority** | **Greater Texoma Utility Authority** | **Greater Texoma Utility Authority** | **Greater Texoma Utility Authority** | **Greater Texoma Utility Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB City of Sherman Water & Sewer System Revenue Series 2023  | 5.00% | 10/01/48 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152337 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB City of Sherman Water & Sewer System Revenue Series 2023  | 4.25% | 10/01/53 *(a)(c)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 687077 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB City of Sherman Water & Sewer System Revenue Series 2023 A  | 4.38% | 10/01/53 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 935073 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB City of Sherman Water & Sewer System Revenue Series 2024 R  | 5.00% | 10/01/49 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203169 |
| **Greenwood Independent School District** | **Greenwood Independent School District** | **Greenwood Independent School District** | **Greenwood Independent School District** | **Greenwood Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30686 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 129691 |
| **Harris County Cultural Education Facilities Finance Corp.** | **Harris County Cultural Education Facilities Finance Corp.** | **Harris County Cultural Education Facilities Finance Corp.** | **Harris County Cultural Education Facilities Finance Corp.** | **Harris County Cultural Education Facilities Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Baylor College of Medicine Series 2024 A  | 5.00% | 05/15/29 *(a)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 221372 |
| **Harris County Flood Control District** | **Harris County Flood Control District** | **Harris County Flood Control District** | **Harris County Flood Control District** | **Harris County Flood Control District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 4.00% | 10/01/45 *(a)* | &nbsp;&nbsp; 990000 | &nbsp;&nbsp; 924340 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 4.25% | 10/01/47 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 476936 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 4.00% | 09/15/48 *(a)* | &nbsp;&nbsp; 715000 | &nbsp;&nbsp; 650159 |

---

**281**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Harris County-Houston Sports Authority** | **Harris County-Houston Sports Authority** | **Harris County-Houston Sports Authority** | **Harris County-Houston Sports Authority** | **Harris County-Houston Sports Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/26  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/28  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 263376 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/29  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 165800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 11/15/38 *(a)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 573783 |
| **Hays Consolidated Independent School District** | **Hays Consolidated Independent School District** | **Hays Consolidated Independent School District** | **Hays Consolidated Independent School District** | **Hays Consolidated Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153806 |
| **Highland Park Independent School District/Dallas County** | **Highland Park Independent School District/Dallas County** | **Highland Park Independent School District/Dallas County** | **Highland Park Independent School District/Dallas County** | **Highland Park Independent School District/Dallas County** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/15/33 *(c)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5652881 |
| **Houston Higher Education Finance Corp.** | **Houston Higher Education Finance Corp.** | **Houston Higher Education Finance Corp.** | **Houston Higher Education Finance Corp.** | **Houston Higher Education Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB William Marsh Rice University Series 2024  | 5.00% | 05/15/34  | &nbsp;&nbsp; 975000 | &nbsp;&nbsp; 1112801 |
| **Houston Independent School District** | **Houston Independent School District** | **Houston Independent School District** | **Houston Independent School District** | **Houston Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 4.00% | 02/15/42 *(a)(b)(c)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 02/15/28 *(a)(c)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 188792 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 4.00% | 02/15/42 *(a)(c)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 38731 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 02/15/27 *(c)* | &nbsp;&nbsp; 960000 | &nbsp;&nbsp; 980711 |
| **Humble Independent School District** | **Humble Independent School District** | **Humble Independent School District** | **Humble Independent School District** | **Humble Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 02/15/47 *(a)(c)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 144927 |
| **Hurst-Euless-Bedford Independent School District** | **Hurst-Euless-Bedford Independent School District** | **Hurst-Euless-Bedford Independent School District** | **Hurst-Euless-Bedford Independent School District** | **Hurst-Euless-Bedford Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/15/43 *(a)(c)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 170669 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 08/15/50 *(a)(c)* | &nbsp;&nbsp; 1100000 | &nbsp;&nbsp; 1000859 |
| **Hutto Independent School District** | **Hutto Independent School District** | **Hutto Independent School District** | **Hutto Independent School District** | **Hutto Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/01/48 *(a)(c)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20701 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/01/49 *(a)(c)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 88057 |
| **Irving Independent School District** | **Irving Independent School District** | **Irving Independent School District** | **Irving Independent School District** | **Irving Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/41 *(a)(c)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 191357 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 4.50% | 02/15/44 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1021413 |
| **Judson Independent School District** | **Judson Independent School District** | **Judson Independent School District** | **Judson Independent School District** | **Judson Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/01/49 *(a)(c)* | &nbsp;&nbsp; 445000 | &nbsp;&nbsp; 409437 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/01/49 *(a)(c)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 113405 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/01/53 *(a)(c)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 75284 |
| **Katy Independent School District** | **Katy Independent School District** | **Katy Independent School District** | **Katy Independent School District** | **Katy Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017  | 4.00% | 02/15/47 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92312 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 02/15/45 *(a)(c)* | &nbsp;&nbsp; 1520000 | &nbsp;&nbsp; 1460801 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 02/15/52 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 443396 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 207793 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 02/15/28 *(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1046276 |
| **Keller Independent School District** | **Keller Independent School District** | **Keller Independent School District** | **Keller Independent School District** | **Keller Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 02/15/44 *(a)(c)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 730538 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 02/15/47 *(a)(c)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 106451 |
| **Klein Independent School District** | **Klein Independent School District** | **Klein Independent School District** | **Klein Independent School District** | **Klein Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 08/01/47 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93074 |
| **Lake Travis Independent School District** | **Lake Travis Independent School District** | **Lake Travis Independent School District** | **Lake Travis Independent School District** | **Lake Travis Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 141024 |
| **Lamar Consolidated Independent School District** | **Lamar Consolidated Independent School District** | **Lamar Consolidated Independent School District** | **Lamar Consolidated Independent School District** | **Lamar Consolidated Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 4.00% | 02/15/50 *(a)(c)* | &nbsp;&nbsp; 880000 | &nbsp;&nbsp; 791779 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 3.00% | 02/15/56 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 138172 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 02/15/62 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 170285 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/48 *(a)* | &nbsp;&nbsp; 715000 | &nbsp;&nbsp; 648841 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/53 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 87644 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.50% | 02/15/58 *(a)(c)* | &nbsp;&nbsp; 540000 | &nbsp;&nbsp; 567802 |

---

**282**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 4.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 915015 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 142851 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/58 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1017905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 191721 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 4.00% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 466336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 A  | 4.00% | 02/15/44 *(a)(c)* | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1114532 |
| **Leander Independent School District** | **Leander Independent School District** | **Leander Independent School District** | **Leander Independent School District** | **Leander Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 4.33% | 08/16/42 *(a)(c)(d)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 166050 |
| **Lewisville Independent School District** | **Lewisville Independent School District** | **Lewisville Independent School District** | **Lewisville Independent School District** | **Lewisville Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/15/29 *(c)* | &nbsp;&nbsp; 455000 | &nbsp;&nbsp; 489829 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/15/36 *(a)(c)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 349451 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/15/39 *(a)(c)* | &nbsp;&nbsp; 1490000 | &nbsp;&nbsp; 1622096 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 08/15/40 *(a)(c)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 48683 |
| **Lower Colorado River Authority** | **Lower Colorado River Authority** | **Lower Colorado River Authority** | **Lower Colorado River Authority** | **Lower Colorado River Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Transmission Services Corp. Series 2019 A  | 4.00% | 05/15/49 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 69399 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Transmission Services Corp. Series 2020 A  | 5.00% | 05/15/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101180 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Transmission Services Corp. Series 2021 A  | 5.00% | 05/15/46 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1022835 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Transmission Services Corp. Series 2021 A  | 5.00% | 05/15/51 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 243166 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Transmission Services Corp. Series 2024 A  | 5.00% | 05/15/54 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1020669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2018  | 5.00% | 05/15/43 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 45813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2018  | 5.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 151125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2022  | 5.00% | 05/15/47 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 157993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2023  | 5.50% | 05/15/48 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 527500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2023 A  | 5.00% | 05/15/27 *(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77013 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2023 A  | 5.00% | 05/15/30 *(c)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 146142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2023 A  | 5.00% | 05/15/33  | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 66816 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2023 A  | 5.25% | 05/15/48 *(a)* | &nbsp;&nbsp; 2100000 | &nbsp;&nbsp; 2182974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2023 A  | 5.25% | 05/15/53 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2024  | 5.00% | 05/15/49 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 256772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Transmission Services Corp. Series 2024  | 5.25% | 05/15/54 *(a)(c)* | &nbsp;&nbsp; 815000 | &nbsp;&nbsp; 843803 |
| **Mabank Independent School District** | **Mabank Independent School District** | **Mabank Independent School District** | **Mabank Independent School District** | **Mabank Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 4.00% | 08/15/49 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 225150 |
| **Magnolia Independent School District** | **Magnolia Independent School District** | **Magnolia Independent School District** | **Magnolia Independent School District** | **Magnolia Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 08/15/47 *(a)* | &nbsp;&nbsp; 1090000 | &nbsp;&nbsp; 996850 |
| **Manor Independent School District** | **Manor Independent School District** | **Manor Independent School District** | **Manor Independent School District** | **Manor Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 3.00% | 08/01/50 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 106546 |
| **Mansfield Independent School District** | **Mansfield Independent School District** | **Mansfield Independent School District** | **Mansfield Independent School District** | **Mansfield Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 462588 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 02/15/50 *(a)(c)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 776589 |
| **Medina Valley Independent School District** | **Medina Valley Independent School District** | **Medina Valley Independent School District** | **Medina Valley Independent School District** | **Medina Valley Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 1600000 | &nbsp;&nbsp; 1414541 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.25% | 02/15/55 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1043256 |
| **Melissa Independent School District** | **Melissa Independent School District** | **Melissa Independent School District** | **Melissa Independent School District** | **Melissa Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/01/49 *(a)(c)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 272065 |
| **Mesquite Independent School District** | **Mesquite Independent School District** | **Mesquite Independent School District** | **Mesquite Independent School District** | **Mesquite Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.25% | 08/15/52 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1049827 |
| **Midland County Fresh Water Supply District No. 1** | **Midland County Fresh Water Supply District No. 1** | **Midland County Fresh Water Supply District No. 1** | **Midland County Fresh Water Supply District No. 1** | **Midland County Fresh Water Supply District No. 1** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2012 A  | 2.41% | 09/15/34 *(a)(b)(d)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 691584 |
| **Midland Independent School District** | **Midland Independent School District** | **Midland Independent School District** | **Midland Independent School District** | **Midland Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/43 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 98159 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/50 *(a)(b)(c)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15652 |

---

**283**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/50 *(a)(b)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52174 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/50 *(a)(c)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 85778 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 525000 | &nbsp;&nbsp; 457522 |
| **Montgomery Independent School District** | **Montgomery Independent School District** | **Montgomery Independent School District** | **Montgomery Independent School District** | **Montgomery Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 259804 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 1010000 | &nbsp;&nbsp; 924394 |
| **New Caney Independent School District** | **New Caney Independent School District** | **New Caney Independent School District** | **New Caney Independent School District** | **New Caney Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 630000 | &nbsp;&nbsp; 582861 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 292404 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 127546 |
| **New Hope Higher Education Finance Corp.** | **New Hope Higher Education Finance Corp.** | **New Hope Higher Education Finance Corp.** | **New Hope Higher Education Finance Corp.** | **New Hope Higher Education Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Texas Christian University Series 2026 A  | 5.00% | 03/15/51 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 512297 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Texas Christian University Series 2026 A  | 5.00% | 03/15/55 *(a)* | &nbsp;&nbsp; 850000 | &nbsp;&nbsp; 865418 |
| **North East Independent School District** | **North East Independent School District** | **North East Independent School District** | **North East Independent School District** | **North East Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2007  | 5.25% | 02/01/29 *(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 214334 |
| **North Harris County Regional Water Authority** | **North Harris County Regional Water Authority** | **North Harris County Regional Water Authority** | **North Harris County Regional Water Authority** | **North Harris County Regional Water Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016  | 4.00% | 12/15/41 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 728542 |
| **North Texas Municipal Water District** | **North Texas Municipal Water District** | **North Texas Municipal Water District** | **North Texas Municipal Water District** | **North Texas Municipal Water District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Panther Creek Wastewater System Series 2025  | 5.00% | 06/01/55 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2047719 |
| **North Texas Municipal Water District Water System Revenue** | **North Texas Municipal Water District Water System Revenue** | **North Texas Municipal Water District Water System Revenue** | **North Texas Municipal Water District Water System Revenue** | **North Texas Municipal Water District Water System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 09/01/30  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 299892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 09/01/43 *(a)* | &nbsp;&nbsp; 540000 | &nbsp;&nbsp; 581871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 09/01/51 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 774313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 09/01/55 *(a)* | &nbsp;&nbsp; 1300000 | &nbsp;&nbsp; 1333987 |
| **North Texas Tollway Authority** | **North Texas Tollway Authority** | **North Texas Tollway Authority** | **North Texas Tollway Authority** | **North Texas Tollway Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2008 D  | 3.24% | 01/01/28 *(c)(d)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 104647 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2008 D  | 3.35% | 01/01/29 *(c)(d)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 143031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2008 D  | 2.74% | 01/01/30 *(c)(d)* | &nbsp;&nbsp; 860000 | &nbsp;&nbsp; 768006 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2008 D  | 3.10% | 01/01/31 *(c)(d)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 457078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2008 D  | 3.62% | 01/01/32 *(c)(d)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 83126 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2008 D  | 3.34% | 01/01/34 *(c)(d)* | &nbsp;&nbsp; 945000 | &nbsp;&nbsp; 724926 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2008 D  | 3.36% | 01/01/35 *(c)(d)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 513610 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2008 D  | 3.68% | 01/01/36 *(c)(d)* | &nbsp;&nbsp; 665000 | &nbsp;&nbsp; 464937 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2008 D  | 3.75% | 01/01/38 *(c)(d)* | &nbsp;&nbsp; 1930000 | &nbsp;&nbsp; 1216422 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 565000 | &nbsp;&nbsp; 554467 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 01/01/34 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2535207 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 295000 | &nbsp;&nbsp; 298725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 169031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 01/01/43 *(a)* | &nbsp;&nbsp; 825000 | &nbsp;&nbsp; 845398 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 01/01/48 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 116363 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 01/01/32 *(a)* | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 486995 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 B  | 5.00% | 01/01/43 *(a)* | &nbsp;&nbsp; 455000 | &nbsp;&nbsp; 458209 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018  | 5.00% | 01/01/48 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 302447 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018  | 4.25% | 01/01/49 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 45644 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 4.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 296277 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 4.00% | 01/01/44 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 461696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 5.00% | 01/01/27  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 B  | 5.00% | 01/01/29  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105963 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 3.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 4.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 60305 |

---

**284**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 3.00% | 01/01/38 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 45459 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.25% | 01/01/38 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2183279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 4.13% | 01/01/40 *(a)* | &nbsp;&nbsp; 90000 | &nbsp;&nbsp; 89738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 01/01/27  | &nbsp;&nbsp; 1380000 | &nbsp;&nbsp; 1404707 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 B  | 5.00% | 01/01/31  | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 709740 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/34  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 124461 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/41 *(a)* | &nbsp;&nbsp; 1225000 | &nbsp;&nbsp; 1331732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.25% | 01/01/42 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 121170 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 01/01/30  | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1615061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 01/01/31  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1091907 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 01/01/32  | &nbsp;&nbsp; 465000 | &nbsp;&nbsp; 513399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 01/01/33  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 172713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 01/01/34  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 01/01/37 *(a)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 345651 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/28  | &nbsp;&nbsp; 510000 | &nbsp;&nbsp; 530777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/30  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 135005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1108621 |
| **Northwest Independent School District** | **Northwest Independent School District** | **Northwest Independent School District** | **Northwest Independent School District** | **Northwest Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 1915000 | &nbsp;&nbsp; 1966569 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 92656 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 4555000 | &nbsp;&nbsp; 4677663 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 318742 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10282 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 02/15/55 *(a)(c)* | &nbsp;&nbsp; 5780000 | &nbsp;&nbsp; 5943492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 4.00% | 02/15/45 *(a)(c)* | &nbsp;&nbsp; 835000 | &nbsp;&nbsp; 801436 |
| **Pasadena Independent School District** | **Pasadena Independent School District** | **Pasadena Independent School District** | **Pasadena Independent School District** | **Pasadena Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101911 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.25% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 183213 |
| **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** | **Permanent University Fund - Texas A&M University System** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/31 *(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276826 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/54 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 360512 |
| **Permanent University Fund - University of Texas System** | **Permanent University Fund - University of Texas System** | **Permanent University Fund - University of Texas System** | **Permanent University Fund - University of Texas System** | **Permanent University Fund - University of Texas System** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 07/01/32 *(c)* | &nbsp;&nbsp; 1575000 | &nbsp;&nbsp; 1764627 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007 B  | 5.25% | 07/01/26 *(c)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 352446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007 B  | 5.25% | 07/01/28 *(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007 B  | 5.25% | 07/01/30  | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 352561 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 07/01/32 *(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 56050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 07/01/40 *(a)(c)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 167709 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 4.00% | 07/01/41 *(a)(c)* | &nbsp;&nbsp; 280000 | &nbsp;&nbsp; 280361 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 4.13% | 07/01/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 456520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/31  | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 359874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/35 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112919 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/36 *(a)(c)* | &nbsp;&nbsp; 435000 | &nbsp;&nbsp; 487315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 3390000 | &nbsp;&nbsp; 3766062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 287081 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 07/01/33  | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 39590 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 07/01/35  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 234514 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 07/01/36  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 143368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 07/01/37 *(a)(c)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 366608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 386455 |

---

**285**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/34  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1139264 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/39  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 229320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 208407 |
| **Pflugerville Independent School District** | **Pflugerville Independent School District** | **Pflugerville Independent School District** | **Pflugerville Independent School District** | **Pflugerville Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 02/15/48 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152416 |
| **Plano Independent School District** | **Plano Independent School District** | **Plano Independent School District** | **Plano Independent School District** | **Plano Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/34 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 254506 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109464 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/37 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 310139 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106883 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/42 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 180490 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 02/15/27 *(c)* | &nbsp;&nbsp; 575000 | &nbsp;&nbsp; 587656 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 02/15/29 *(c)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 202971 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 02/15/32 *(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 556922 |
| **Port Arthur Independent School District** | **Port Arthur Independent School District** | **Port Arthur Independent School District** | **Port Arthur Independent School District** | **Port Arthur Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 02/15/55 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1531468 |
| **Port Authority of Houston of Harris County Texas** | **Port Authority of Houston of Harris County Texas** | **Port Authority of Houston of Harris County Texas** | **Port Authority of Houston of Harris County Texas** | **Port Authority of Houston of Harris County Texas** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 5.00% | 10/01/51 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 203575 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023  | 5.00% | 10/01/48 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1539716 |
| **Prosper Independent School District** | **Prosper Independent School District** | **Prosper Independent School District** | **Prosper Independent School District** | **Prosper Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 02/15/52 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 133223 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 220677 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 2350000 | &nbsp;&nbsp; 2064267 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.25% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 905000 | &nbsp;&nbsp; 840051 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 4.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 273165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 4.50% | 02/15/55 *(a)(c)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1218630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.25% | 02/15/55 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1049086 |
| **Richardson Independent School District** | **Richardson Independent School District** | **Richardson Independent School District** | **Richardson Independent School District** | **Richardson Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 4.00% | 02/15/46 *(a)(c)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 79929 |
| **Rockwall Independent School District** | **Rockwall Independent School District** | **Rockwall Independent School District** | **Rockwall Independent School District** | **Rockwall Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A  | 5.00% | 02/15/47 *(a)(c)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 190185 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1106840 |
| **Round Rock Independent School District** | **Round Rock Independent School District** | **Round Rock Independent School District** | **Round Rock Independent School District** | **Round Rock Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 B  | 4.00% | 08/01/44 *(a)(c)* | &nbsp;&nbsp; 595000 | &nbsp;&nbsp; 582452 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 08/01/30 *(a)(c)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 48139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 5.00% | 08/01/31 *(a)(c)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10669 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2019 A  | 4.00% | 08/01/32 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257530 |
| **Royse City Independent School District** | **Royse City Independent School District** | **Royse City Independent School District** | **Royse City Independent School District** | **Royse City Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 123498 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 152525 |
| **Sabine-Neches Navigation District** | **Sabine-Neches Navigation District** | **Sabine-Neches Navigation District** | **Sabine-Neches Navigation District** | **Sabine-Neches Navigation District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.63% | 02/15/47 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 34826 |
| **Salado Independent School District** | **Salado Independent School District** | **Salado Independent School District** | **Salado Independent School District** | **Salado Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.25% | 02/15/54 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 228040 |
| **San Antonio Independent School District** | **San Antonio Independent School District** | **San Antonio Independent School District** | **San Antonio Independent School District** | **San Antonio Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 5.00% | 08/15/47 *(a)(c)* | &nbsp;&nbsp; 1490000 | &nbsp;&nbsp; 1537901 |
| **San Antonio Public Facilities Corp.** | **San Antonio Public Facilities Corp.** | **San Antonio Public Facilities Corp.** | **San Antonio Public Facilities Corp.** | **San Antonio Public Facilities Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2012  | 4.00% | 09/15/42 *(a)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 485284 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.00% | 09/15/33 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27494 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.00% | 09/15/34 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 164205 |

---

**286**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **San Antonio Water System** | **San Antonio Water System** | **San Antonio Water System** | **San Antonio Water System** | **San Antonio Water System** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C  | 4.00% | 05/15/50 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 892670 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.25% | 05/15/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 519804 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 2.75% | 05/01/54 *(a)(c)(f)* | &nbsp;&nbsp; 4110000 | &nbsp;&nbsp; 4110000 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 D  | 2.70% | 05/01/55 *(a)(c)(f)* | &nbsp;&nbsp; 3200000 | &nbsp;&nbsp; 3200000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 C  | 5.00% | 05/15/34 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 156725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018 A  | 5.00% | 05/15/48 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.25% | 05/15/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 524710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 05/15/35  | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 217187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 05/15/38 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 139631 |
| **San Jacinto Community College District** | **San Jacinto Community College District** | **San Jacinto Community College District** | **San Jacinto Community College District** | **San Jacinto Community College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016 A  | 4.00% | 02/15/41 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 489715 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 02/15/49 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 509533 |
| **Sherman Independent School District** | **Sherman Independent School District** | **Sherman Independent School District** | **Sherman Independent School District** | **Sherman Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1020092 |
| **Spring Independent School District** | **Spring Independent School District** | **Spring Independent School District** | **Spring Independent School District** | **Spring Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 08/15/47 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2063395 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 08/15/52 *(a)* | &nbsp;&nbsp; 900000 | &nbsp;&nbsp; 788182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.25% | 08/15/50 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 529678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.25% | 08/15/55 *(a)(c)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 220635 |
| **State of Texas** | **State of Texas** | **State of Texas** | **State of Texas** | **State of Texas** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 E  | 4.75% | 02/01/56 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1010368 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2015 A  | 3.30% | 10/01/29 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 300062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51642 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 10/01/33 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 617405 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 A  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 164428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 B  | 5.00% | 10/01/30 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 284033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 B  | 5.00% | 10/01/31 *(a)* | &nbsp;&nbsp; 1700000 | &nbsp;&nbsp; 1753704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 B  | 5.00% | 10/01/32 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41216 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 B  | 5.00% | 10/01/33 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 154351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 B  | 5.00% | 10/01/34 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 B  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35047 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 10/01/27  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259239 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 10/01/29  | &nbsp;&nbsp; 3000000 | &nbsp;&nbsp; 3231895 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 10/01/34  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 285304 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 10/01/35  | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 745360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 10/01/36 *(a)* | &nbsp;&nbsp; 985000 | &nbsp;&nbsp; 1119353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2227259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 10/01/40 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1660009 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025  | 5.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1633482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Department of Transportation Texas Mobility Fund Series 2024  | 5.00% | 10/01/26  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101258 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Department of Transportation Texas Mobility Fund Series 2024  | 5.00% | 10/01/27  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 285163 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Department of Transportation Texas Mobility Fund Series 2024  | 5.00% | 10/01/28  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 142796 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Department of Transportation Texas Mobility Fund Series 2024  | 5.00% | 10/01/31  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110638 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Department of Transportation Texas Mobility Fund Series 2024  | 5.00% | 10/01/32  | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 78223 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Department of Transportation Texas Mobility Fund Series 2024  | 5.00% | 10/01/39 *(a)* | &nbsp;&nbsp; 635000 | &nbsp;&nbsp; 701664 |
| **Tarrant County College District** | **Tarrant County College District** | **Tarrant County College District** | **Tarrant County College District** | **Tarrant County College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 08/15/42 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 325571 |

---

**287**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Tarrant County Hospital District** | **Tarrant County Hospital District** | **Tarrant County Hospital District** | **Tarrant County Hospital District** | **Tarrant County Hospital District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 08/15/43 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 478923 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.25% | 08/15/48 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 187603 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.25% | 08/15/48 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 41711 |
| **Tarrant Regional Water District Water Supply System Revenue** | **Tarrant Regional Water District Water Supply System Revenue** | **Tarrant Regional Water District Water Supply System Revenue** | **Tarrant Regional Water District Water Supply System Revenue** | **Tarrant Regional Water District Water Supply System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 03/01/30  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 03/01/32  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 150484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 03/01/34  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 113659 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 4.00% | 03/01/54 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 132934 |
| **Temple College** | **Temple College** | **Temple College** | **Temple College** | **Temple College** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021  | 3.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 149609 |
| **Texas A&M University** | **Texas A&M University** | **Texas A&M University** | **Texas A&M University** | **Texas A&M University** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 05/15/27  | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 493263 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 05/15/42 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 162182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 E  | 5.00% | 05/15/27  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102752 |
| **Texas Department of Transportation State Highway Fund** | **Texas Department of Transportation State Highway Fund** | **Texas Department of Transportation State Highway Fund** | **Texas Department of Transportation State Highway Fund** | **Texas Department of Transportation State Highway Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016 A  | 5.00% | 10/01/26  | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 156958 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 5.00% | 10/01/26  | &nbsp;&nbsp; 370000 | &nbsp;&nbsp; 374674 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 10/01/32  | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 516923 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 10/01/33  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 181502 |
| **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** | **Texas Private Activity Bond Surface Transportation Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB NTE Mobility Partners LLC Series 2019 A  | 5.00% | 12/31/31 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 270056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB NTE Mobility Partners LLC Series 2019 A  | 5.00% | 12/31/32 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 110864 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB NTE Mobility Partners LLC Series 2019 A  | 5.00% | 12/31/33 *(a)* | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 231165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB NTE Mobility Partners LLC Series 2019 A  | 5.00% | 12/31/35 *(a)* | &nbsp;&nbsp; 170000 | &nbsp;&nbsp; 177630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB NTE Mobility Partners LLC Series 2019 A  | 4.00% | 12/31/38 *(a)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 304378 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB NTE Mobility Partners LLC Series 2019 A  | 4.00% | 12/31/39 *(a)* | &nbsp;&nbsp; 180000 | &nbsp;&nbsp; 172113 |
| **Texas State Technical College** | **Texas State Technical College** | **Texas State Technical College** | **Texas State Technical College** | **Texas State Technical College** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.50% | 08/01/42 *(a)(c)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 547873 |
| **Texas State University System** | **Texas State University System** | **Texas State University System** | **Texas State University System** | **Texas State University System** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 03/15/27  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 03/15/28 *(a)* | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 189185 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 03/15/29 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 56198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 03/15/31 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 356781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 03/15/30  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 216640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 03/15/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 03/15/33  | &nbsp;&nbsp; 325000 | &nbsp;&nbsp; 365130 |
| **Texas Transportation Commission** | **Texas Transportation Commission** | **Texas Transportation Commission** | **Texas Transportation Commission** | **Texas Transportation Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 04/01/26  | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 65000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 04/01/29  | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 587094 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 04/01/32  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 139257 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 04/01/34 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 280991 |
| **Texas Transportation Commission State Highway 249 System** | **Texas Transportation Commission State Highway 249 System** | **Texas Transportation Commission State Highway 249 System** | **Texas Transportation Commission State Highway 249 System** | **Texas Transportation Commission State Highway 249 System** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 4.97% | 08/01/52 *(a)(d)* | &nbsp;&nbsp; 915000 | &nbsp;&nbsp; 229643 |
| **Texas Transportation Finance Corp.** | **Texas Transportation Finance Corp.** | **Texas Transportation Finance Corp.** | **Texas Transportation Finance Corp.** | **Texas Transportation Finance Corp.** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 10/01/38 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1112408 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 10/01/43 *(a)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 297982 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.00% | 10/01/50 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1806671 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 10/01/50 *(a)* | &nbsp;&nbsp; 2200000 | &nbsp;&nbsp; 2321912 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.25% | 10/01/55 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 525601 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025 A  | 5.50% | 10/01/55 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1879978 |

---

**288**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Texas Water Development Board** | **Texas Water Development Board** | **Texas Water Development Board** | **Texas Water Development Board** | **Texas Water Development Board** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2022  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 128238 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2025  | 4.00% | 10/15/39 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1010932 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2025  | 4.25% | 10/15/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101470 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2025  | 4.75% | 10/15/50 *(a)* | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp; 2519572 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Revolving Fund Series 2025  | 4.75% | 10/15/55 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 1981556 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2015 A  | 5.00% | 10/15/29 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 40070 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2015 A  | 5.00% | 10/15/30 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25041 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2015 A  | 4.00% | 10/15/40 *(a)* | &nbsp;&nbsp; 635000 | &nbsp;&nbsp; 633336 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2015 A  | 4.00% | 10/15/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 93500 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2015 A  | 4.00% | 10/15/50 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 22420 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2016  | 4.00% | 10/15/41 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 24651 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2016  | 5.00% | 10/15/46 *(a)* | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 335288 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2017 A  | 5.00% | 04/15/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103659 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2017 A  | 5.00% | 10/15/31 *(a)* | &nbsp;&nbsp; 320000 | &nbsp;&nbsp; 330540 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2017 A  | 4.00% | 10/15/35 *(a)* | &nbsp;&nbsp; 4085000 | &nbsp;&nbsp; 4123138 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2017 A  | 5.00% | 10/15/42 *(a)* | &nbsp;&nbsp; 940000 | &nbsp;&nbsp; 955889 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2017 A  | 5.00% | 10/15/47 *(a)* | &nbsp;&nbsp; 760000 | &nbsp;&nbsp; 766908 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 A  | 4.00% | 10/15/34 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 126781 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 A  | 4.00% | 10/15/37 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 80657 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 A  | 5.00% | 10/15/43 *(a)* | &nbsp;&nbsp; 490000 | &nbsp;&nbsp; 500026 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 A  | 4.00% | 04/15/48 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 181930 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 B  | 5.00% | 04/15/30 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 89846 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 B  | 5.00% | 04/15/31 *(a)* | &nbsp;&nbsp; 5000 | &nbsp;&nbsp; 5272 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 B  | 5.00% | 10/15/32 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 630946 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 B  | 4.00% | 10/15/33 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 117278 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 B  | 4.00% | 10/15/36 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50627 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 B  | 4.00% | 10/15/43 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 169594 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2018 B  | 5.00% | 04/15/49 *(a)* | &nbsp;&nbsp; 330000 | &nbsp;&nbsp; 333877 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2019 A  | 3.00% | 10/15/33 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 43573 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2019 A  | 3.00% | 10/15/34 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 119367 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2019 A  | 3.00% | 10/15/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 95109 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2019 A  | 4.00% | 10/15/36 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 345849 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2019 A  | 4.00% | 10/15/37 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 227905 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2019 A  | 4.00% | 10/15/49 *(a)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 362099 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2019 A  | 4.00% | 10/15/54 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 305798 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2020  | 4.00% | 10/15/45 *(a)* | &nbsp;&nbsp; 5670000 | &nbsp;&nbsp; 5301461 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2022  | 4.45% | 10/15/36 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52848 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2022  | 4.55% | 10/15/38 *(a)* | &nbsp;&nbsp; 40000 | &nbsp;&nbsp; 42057 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2022  | 4.65% | 10/15/40 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 182880 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2022  | 4.75% | 10/15/42 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 140255 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2022  | 5.00% | 10/15/47 *(a)* | &nbsp;&nbsp; 1925000 | &nbsp;&nbsp; 1992538 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2022  | 4.80% | 10/15/52 *(a)* | &nbsp;&nbsp; 1850000 | &nbsp;&nbsp; 1858297 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2022  | 5.00% | 10/15/57 *(a)* | &nbsp;&nbsp; 1215000 | &nbsp;&nbsp; 1238632 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2023 A  | 5.00% | 10/15/37 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 253681 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2023 A  | 5.00% | 10/15/38 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 32879 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2023 A  | 4.60% | 10/15/39 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 237429 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2023 A  | 4.88% | 10/15/48 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30577 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2023 A  | 5.25% | 10/15/51 *(a)* | &nbsp;&nbsp; 880000 | &nbsp;&nbsp; 920602 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2023 A  | 5.00% | 10/15/58 *(a)* | &nbsp;&nbsp; 940000 | &nbsp;&nbsp; 960028 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2024 A  | 5.00% | 10/15/40 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 114642 |

---

**289**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2024 A  | 4.00% | 10/15/42 *(a)* | &nbsp;&nbsp; 520000 | &nbsp;&nbsp; 511596 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2024 A  | 4.00% | 10/15/43 *(a)* | &nbsp;&nbsp; 545000 | &nbsp;&nbsp; 528164 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2024 A  | 4.13% | 10/15/47 *(a)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1404770 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2024 A  | 5.00% | 10/15/49 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258916 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2024 A  | 4.25% | 10/15/51 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 932360 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB State Water Implementation Revenue Fund for Texas Series 2024 A  | 4.38% | 10/15/59 *(a)* | &nbsp;&nbsp; 5225000 | &nbsp;&nbsp; 4896808 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Implementation Revenue Fund Series 2017 A  | 5.00% | 04/15/30 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31050 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Water Implementation Revenue Fund Series 2017 A  | 4.00% | 10/15/33 *(a)* | &nbsp;&nbsp; 390000 | &nbsp;&nbsp; 394754 |
| **Trinity River Authority Central Regional Wastewater System Revenue** | **Trinity River Authority Central Regional Wastewater System Revenue** | **Trinity River Authority Central Regional Wastewater System Revenue** | **Trinity River Authority Central Regional Wastewater System Revenue** | **Trinity River Authority Central Regional Wastewater System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36097 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020  | 3.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 148956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020  | 3.00% | 08/01/32 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 245394 |
| **University of Houston** | **University of Houston** | **University of Houston** | **University of Houston** | **University of Houston** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 02/15/36 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 140088 |
| **Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue** | **Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue** | **Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue** | **Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue** | **Via Metropolitan Transit Advanced Transportation District Sales Tax Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 4.00% | 08/01/54 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 100919 |
| **Waller Consolidated Independent School District** | **Waller Consolidated Independent School District** | **Waller Consolidated Independent School District** | **Waller Consolidated Independent School District** | **Waller Consolidated Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 02/15/50 *(a)(c)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 94351 |
| **Waxahachie Independent School District** | **Waxahachie Independent School District** | **Waxahachie Independent School District** | **Waxahachie Independent School District** | **Waxahachie Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 02/15/48 *(a)(c)* | &nbsp;&nbsp; 3975000 | &nbsp;&nbsp; 4103042 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.25% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 325109 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 530000 | &nbsp;&nbsp; 487505 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.00% | 02/15/53 *(a)(c)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 155932 |
| **Weatherford College of the Parker County Junior College District** | **Weatherford College of the Parker County Junior College District** | **Weatherford College of the Parker County Junior College District** | **Weatherford College of the Parker County Junior College District** | **Weatherford College of the Parker County Junior College District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2025  | 5.25% | 08/01/50 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1303135 |
| **Weslaco Independent School District** | **Weslaco Independent School District** | **Weslaco Independent School District** | **Weslaco Independent School District** | **Weslaco Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 4.13% | 02/15/49 *(a)(c)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 102380 |
| **West Harris County Regional Water Authority** | **West Harris County Regional Water Authority** | **West Harris County Regional Water Authority** | **West Harris County Regional Water Authority** | **West Harris County Regional Water Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021  | 3.50% | 12/15/46 *(a)(c)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 61329 |
| **West Travis County Public Utility Agency** | **West Travis County Public Utility Agency** | **West Travis County Public Utility Agency** | **West Travis County Public Utility Agency** | **West Travis County Public Utility Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 4.00% | 08/15/41 *(a)(c)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 170194 |
| **White Settlement Independent School District** | **White Settlement Independent School District** | **White Settlement Independent School District** | **White Settlement Independent School District** | **White Settlement Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.00% | 08/15/52 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 175987 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022  | 4.13% | 08/15/52 *(a)(c)* | &nbsp;&nbsp; 950000 | &nbsp;&nbsp; 853579 |
| **Wylie Independent School District/Collin County** | **Wylie Independent School District/Collin County** | **Wylie Independent School District/Collin County** | **Wylie Independent School District/Collin County** | **Wylie Independent School District/Collin County** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024  | 5.25% | 08/15/49 *(a)(c)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 236452 |
| **Ysleta Independent School District** | **Ysleta Independent School District** | **Ysleta Independent School District** | **Ysleta Independent School District** | **Ysleta Independent School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 4.00% | 08/15/50 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 89956 |
|  |  |  |  | &nbsp;&nbsp; **398759220** |
| **UTAH** 0.5%  | **UTAH** 0.5%  | **UTAH** 0.5%  | **UTAH** 0.5%  | **UTAH** 0.5%  |
| **Central Valley Water Reclamation Facility** | **Central Valley Water Reclamation Facility** | **Central Valley Water Reclamation Facility** | **Central Valley Water Reclamation Facility** | **Central Valley Water Reclamation Facility** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 C  | 4.00% | 03/01/47 *(a)* | &nbsp;&nbsp; 660000 | &nbsp;&nbsp; 607470 |
| **City of Salt Lake City Airport Revenue** | **City of Salt Lake City Airport Revenue** | **City of Salt Lake City Airport Revenue** | **City of Salt Lake City Airport Revenue** | **City of Salt Lake City Airport Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101267 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2017 B  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25174 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 B  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 77418 |
| **City of Salt Lake City Public Utilities Revenue** | **City of Salt Lake City Public Utilities Revenue** | **City of Salt Lake City Public Utilities Revenue** | **City of Salt Lake City Public Utilities Revenue** | **City of Salt Lake City Public Utilities Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 4.38% | 02/01/52 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 242106 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022  | 5.00% | 02/01/52 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 61173 |

---

**290**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Intermountain Power Agency** | **Intermountain Power Agency** | **Intermountain Power Agency** | **Intermountain Power Agency** | **Intermountain Power Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105164 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111374 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 276937 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1086379 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 307956 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 322777 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 A  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 238118 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/30  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 542957 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/31  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 165095 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 750000 | &nbsp;&nbsp; 817471 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 461300 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 4.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 515000 | &nbsp;&nbsp; 526031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 254531 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 890000 | &nbsp;&nbsp; 938030 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 262564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/43 *(a)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 402649 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/44 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 119664 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 196710 |
| **State of Utah** | **State of Utah** | **State of Utah** | **State of Utah** | **State of Utah** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 07/01/28  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 21100 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 07/01/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 106575 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53202 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020  | 5.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 212486 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 5.00% | 07/01/27  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 128882 |
| **Timpanogos Special Service District** | **Timpanogos Special Service District** | **Timpanogos Special Service District** | **Timpanogos Special Service District** | **Timpanogos Special Service District** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 06/01/54 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 46082 |
| **University of Utah** | **University of Utah** | **University of Utah** | **University of Utah** | **University of Utah** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 5.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 129103 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 A  | 4.00% | 08/01/51 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 130448 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54146 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 214234 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 5.25% | 08/01/48 *(a)* | &nbsp;&nbsp; 480000 | &nbsp;&nbsp; 505485 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2023 B  | 5.25% | 08/01/53 *(a)* | &nbsp;&nbsp; 290000 | &nbsp;&nbsp; 301472 |
| **Utah Telecommunication Open Infrastructure Agency** | **Utah Telecommunication Open Infrastructure Agency** | **Utah Telecommunication Open Infrastructure Agency** | **Utah Telecommunication Open Infrastructure Agency** | **Utah Telecommunication Open Infrastructure Agency** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.25% | 06/01/37 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 262229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 4.38% | 06/01/40 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 153694 |
| **Utah Transit Authority** | **Utah Transit Authority** | **Utah Transit Authority** | **Utah Transit Authority** | **Utah Transit Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2007 A  | 5.00% | 06/15/35 *(c)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1139103 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2018  | 4.00% | 12/15/41 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 113575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 06/15/33  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1132757 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 06/15/37 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 178228 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 767843 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 06/15/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 274230 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 5.00% | 06/15/40 *(a)* | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 442370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 12/15/30  | &nbsp;&nbsp; 485000 | &nbsp;&nbsp; 534255 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 12/15/43 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272841 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025  | 5.00% | 12/15/44 *(a)* | &nbsp;&nbsp; 240000 | &nbsp;&nbsp; 259745 |
|  |  |  |  | &nbsp;&nbsp; **15684400** |

---

**291**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **VERMONT** 0.0%  | **VERMONT** 0.0%  | **VERMONT** 0.0%  | **VERMONT** 0.0%  | **VERMONT** 0.0%  |
| **University of Vermont & State Agricultural College** | **University of Vermont & State Agricultural College** | **University of Vermont & State Agricultural College** | **University of Vermont & State Agricultural College** | **University of Vermont & State Agricultural College** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2015  | 4.00% | 10/01/40 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; **500529** |
| **VIRGINIA** 1.0%  | **VIRGINIA** 1.0%  | **VIRGINIA** 1.0%  | **VIRGINIA** 1.0%  | **VIRGINIA** 1.0%  |
| **Chesapeake Bay Bridge & Tunnel District** | **Chesapeake Bay Bridge & Tunnel District** | **Chesapeake Bay Bridge & Tunnel District** | **Chesapeake Bay Bridge & Tunnel District** | **Chesapeake Bay Bridge & Tunnel District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2016  | 5.00% | 07/01/46 *(a)* | &nbsp;&nbsp; 1150000 | &nbsp;&nbsp; 1133208 |
| **Chesterfield County Economic Development Authority** | **Chesterfield County Economic Development Authority** | **Chesterfield County Economic Development Authority** | **Chesterfield County Economic Development Authority** | **Chesterfield County Economic Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024  | 5.00% | 04/01/48 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62078 |
| **City of Alexandria** | **City of Alexandria** | **City of Alexandria** | **City of Alexandria** | **City of Alexandria** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 3.00% | 07/15/46 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 194935 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 5.00% | 12/15/37 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 5562972 |
| **Commonwealth of Virginia** | **Commonwealth of Virginia** | **Commonwealth of Virginia** | **Commonwealth of Virginia** | **Commonwealth of Virginia** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 B  | 5.00% | 06/01/26  | &nbsp;&nbsp; 265000 | &nbsp;&nbsp; 266124 |
| **County of Fairfax** | **County of Fairfax** | **County of Fairfax** | **County of Fairfax** | **County of Fairfax** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2016 A  | 4.00% | 10/01/27 *(a)(b)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75035 |
| **Hampton Roads Transportation Accountability Commission** | **Hampton Roads Transportation Accountability Commission** | **Hampton Roads Transportation Accountability Commission** | **Hampton Roads Transportation Accountability Commission** | **Hampton Roads Transportation Accountability Commission** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2018 A  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 508101 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2018 A  | 5.00% | 07/01/52 *(a)(b)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 114674 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2018 A  | 5.50% | 07/01/57 *(a)(b)* | &nbsp;&nbsp; 765000 | &nbsp;&nbsp; 804010 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2020 A  | 4.00% | 07/01/45 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 23693 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2020 A  | 4.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 88926 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2020 A  | 5.00% | 07/01/50 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 255005 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2020 A  | 5.00% | 07/01/60 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 146919 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2022 A  | 4.00% | 07/01/52 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 568007 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2022 A  | 4.00% | 07/01/57 *(a)* | &nbsp;&nbsp; 640000 | &nbsp;&nbsp; 549032 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Roads Transportation Fund Series 2023 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 550000 | &nbsp;&nbsp; 566462 |
| **Loudoun County Economic Development Authority** | **Loudoun County Economic Development Authority** | **Loudoun County Economic Development Authority** | **Loudoun County Economic Development Authority** | **Loudoun County Economic Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Howard Hughes Medical Institute Series 2022 A  | 4.00% | 10/01/52 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 452311 |
| **University of Virginia** | **University of Virginia** | **University of Virginia** | **University of Virginia** | **University of Virginia** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 A-2  | 5.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 75002 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 B  | 5.00% | 09/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 04/01/38 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 81358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 04/01/42 *(a)* | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 425576 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 A  | 5.00% | 04/01/47 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25236 |
| **Virginia College Building Authority** | **Virginia College Building Authority** | **Virginia College Building Authority** | **Virginia College Building Authority** | **Virginia College Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 733793 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 02/01/40 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 998376 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 02/01/43 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 107990 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 4.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 975083 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2017 C  | 5.00% | 02/01/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 101867 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2017 C  | 3.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 920000 | &nbsp;&nbsp; 875808 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2019 A  | 3.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 97310 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2019 A  | 3.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 455475 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2019 A  | 3.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 447712 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2021 A  | 5.00% | 02/01/27  | &nbsp;&nbsp; 640000 | &nbsp;&nbsp; 653410 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2021 A  | 3.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 166265 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2021 A  | 4.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 125907 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2022 A  | 5.00% | 02/01/29  | &nbsp;&nbsp; 620000 | &nbsp;&nbsp; 661106 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2022 A  | 5.00% | 02/01/36 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 92699 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2022 A  | 5.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 102979 |

---

**292**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2022 A  | 5.25% | 02/01/41 *(a)* | &nbsp;&nbsp; 640000 | &nbsp;&nbsp; 689896 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2023 A  | 5.00% | 02/01/27  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 137829 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2023 A  | 5.00% | 02/01/29  | &nbsp;&nbsp; 765000 | &nbsp;&nbsp; 815720 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2023 A  | 5.00% | 02/01/30  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271217 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2023 A  | 5.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 83561 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2023 A  | 5.00% | 02/01/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109563 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2023 A  | 5.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 119840 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2023 A  | 5.00% | 02/01/41 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26901 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2023 A  | 5.25% | 02/01/42 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 81469 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2024 A  | 5.00% | 02/01/27  | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 239924 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 E  | 5.00% | 02/01/27  | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 193981 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 E  | 5.00% | 02/01/28  | &nbsp;&nbsp; 405000 | &nbsp;&nbsp; 423293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 E  | 5.00% | 02/01/29 *(a)* | &nbsp;&nbsp; 455000 | &nbsp;&nbsp; 474136 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 E  | 5.00% | 02/01/30 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 520562 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 E  | 5.00% | 02/01/31 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259900 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2019 C  | 5.00% | 02/01/28  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 109742 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2023 B  | 5.00% | 02/01/29  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 117293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2023 B  | 5.00% | 02/01/30  | &nbsp;&nbsp; 455000 | &nbsp;&nbsp; 493615 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2023 B  | 5.00% | 02/01/31  | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 159751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2023 B  | 5.00% | 02/01/32  | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 61451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2023 B  | 5.00% | 02/01/33  | &nbsp;&nbsp; 870000 | &nbsp;&nbsp; 983261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2023 B  | 5.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 211687 |
| **Virginia Commonwealth Transportation Board** | **Virginia Commonwealth Transportation Board** | **Virginia Commonwealth Transportation Board** | **Virginia Commonwealth Transportation Board** | **Virginia Commonwealth Transportation Board** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2018  | 4.00% | 05/15/41 *(a)* | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp; 4927008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017  | 5.00% | 09/15/27  | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 398872 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 A  | 5.00% | 05/15/26  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100310 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 A  | 5.00% | 05/15/27  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25699 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 A  | 5.00% | 05/15/28 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 363853 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 A  | 5.00% | 05/15/30 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 A  | 5.00% | 05/15/31 *(a)* | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 491276 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2022  | 5.00% | 05/15/32  | &nbsp;&nbsp; 105000 | &nbsp;&nbsp; 117921 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2022  | 4.00% | 05/15/35 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 73051 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2024  | 5.00% | 05/15/27  | &nbsp;&nbsp; 185000 | &nbsp;&nbsp; 190174 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2024  | 5.00% | 05/15/30  | &nbsp;&nbsp; 495000 | &nbsp;&nbsp; 541382 |
| **Virginia Public Building Authority** | **Virginia Public Building Authority** | **Virginia Public Building Authority** | **Virginia Public Building Authority** | **Virginia Public Building Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2021 A-1  | 5.00% | 08/01/31  | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 194465 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2021 A-1  | 5.00% | 08/01/33 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 38541 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2021 A-2  | 4.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 46573 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2021 A-2  | 4.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102791 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2021 A-2  | 4.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 609629 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2021 A-2  | 4.00% | 08/01/39 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 165712 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2022 A  | 5.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 109112 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2022 A  | 5.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 650815 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Commonwealth of Virginia Series 2022 A  | 4.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 499199 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2016 B  | 5.00% | 08/01/26  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Commonwealth of Virginia Series 2017 A  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp; 215000 | &nbsp;&nbsp; 221873 |
| **Virginia Public School Authority** | **Virginia Public School Authority** | **Virginia Public School Authority** | **Virginia Public School Authority** | **Virginia Public School Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 08/01/26 *(c)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 342868 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 5.00% | 08/01/27 *(c)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 284132 |
| **Virginia Resources Authority** | **Virginia Resources Authority** | **Virginia Resources Authority** | **Virginia Resources Authority** | **Virginia Resources Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 C  | 4.00% | 11/01/41 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 9879 |

---

**293**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Virginia Resources Authority Clean Water Revolving Fund** | **Virginia Resources Authority Clean Water Revolving Fund** | **Virginia Resources Authority Clean Water Revolving Fund** | **Virginia Resources Authority Clean Water Revolving Fund** | **Virginia Resources Authority Clean Water Revolving Fund** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Virginia Resources Authority State Revolving Fund Series 2025  | 5.00% | 10/01/27  | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 285246 |
|  |  |  |  | &nbsp;&nbsp; **36256828** |
| **WASHINGTON** 2.8%  | **WASHINGTON** 2.8%  | **WASHINGTON** 2.8%  | **WASHINGTON** 2.8%  | **WASHINGTON** 2.8%  |
| **Central Puget Sound Regional Transit Authority** | **Central Puget Sound Regional Transit Authority** | **Central Puget Sound Regional Transit Authority** | **Central Puget Sound Regional Transit Authority** | **Central Puget Sound Regional Transit Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 5.00% | 11/01/26  | &nbsp;&nbsp; 460000 | &nbsp;&nbsp; 466813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 5.00% | 11/01/27  | &nbsp;&nbsp; 445000 | &nbsp;&nbsp; 462530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 5.00% | 11/01/29  | &nbsp;&nbsp; 650000 | &nbsp;&nbsp; 704009 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 5.00% | 11/01/31  | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 228725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 5.00% | 11/01/32 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110466 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 5.00% | 11/01/33 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 550745 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 5.00% | 11/01/34 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 93242 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 3.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 46555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 5.00% | 11/01/36 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 271116 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 4.00% | 11/01/40 *(a)* | &nbsp;&nbsp; 85000 | &nbsp;&nbsp; 84611 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Sales Motor Vehicle & Rental Car Tax Series 2021 S-1  | 4.00% | 11/01/46 *(a)* | &nbsp;&nbsp; 430000 | &nbsp;&nbsp; 412175 |
| **City of Seattle Drainage & Wastewater Revenue** | **City of Seattle Drainage & Wastewater Revenue** | **City of Seattle Drainage & Wastewater Revenue** | **City of Seattle Drainage & Wastewater Revenue** | **City of Seattle Drainage & Wastewater Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014  | 4.00% | 05/01/44 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 120032 |
| **City of Seattle Municipal Light & Power Revenue** | **City of Seattle Municipal Light & Power Revenue** | **City of Seattle Municipal Light & Power Revenue** | **City of Seattle Municipal Light & Power Revenue** | **City of Seattle Municipal Light & Power Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2015 A  | 4.00% | 05/01/45 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 143732 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2014  | 4.00% | 09/01/44 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2021 A  | 4.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 2635000 | &nbsp;&nbsp; 2423438 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022  | 5.00% | 07/01/47 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103818 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 03/01/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55104 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2023 A  | 5.00% | 03/01/53 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1227378 |
| **City of Tacoma Electric System Revenue** | **City of Tacoma Electric System Revenue** | **City of Tacoma Electric System Revenue** | **City of Tacoma Electric System Revenue** | **City of Tacoma Electric System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2013 A  | 4.00% | 01/01/42 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96587 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/54 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 511466 |
| **County of King** | **County of King** | **County of King** | **County of King** | **County of King** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 4.00% | 01/01/27  | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 131485 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 01/01/30  | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 238496 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 01/01/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55021 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 4.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30427 |
| **County of King Sewer Revenue** | **County of King Sewer Revenue** | **County of King Sewer Revenue** | **County of King Sewer Revenue** | **County of King Sewer Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 298827 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 235000 | &nbsp;&nbsp; 235500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 4.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 80132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 B  | 5.00% | 07/01/49 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 100102 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024  | 2.80% | 01/01/42 *(a)(c)(f)* | &nbsp;&nbsp; 5065000 | &nbsp;&nbsp; 5065000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 A  | 5.00% | 01/01/36 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112573 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2024 B  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277971 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 01/01/53 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 514053 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 B  | 2.70% | 01/01/42 *(a)(c)(f)* | &nbsp;&nbsp; 1340000 | &nbsp;&nbsp; 1340000 |
| **Douglas County Public Utility District No. 1 Wells Hydroelectric Project Revenue** | **Douglas County Public Utility District No. 1 Wells Hydroelectric Project Revenue** | **Douglas County Public Utility District No. 1 Wells Hydroelectric Project Revenue** | **Douglas County Public Utility District No. 1 Wells Hydroelectric Project Revenue** | **Douglas County Public Utility District No. 1 Wells Hydroelectric Project Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2022 B  | 3.00% | 09/01/52 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 72849 |
| **Energy Northwest** | **Energy Northwest** | **Energy Northwest** | **Energy Northwest** | **Energy Northwest** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2016 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 442703 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2016 A  | 5.00% | 07/01/27 *(a)* | &nbsp;&nbsp; 315000 | &nbsp;&nbsp; 316941 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2016 A  | 5.00% | 07/01/28 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 166040 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2017 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 335000 | &nbsp;&nbsp; 337058 |

---

**294**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2017 A  | 5.00% | 07/01/27  | &nbsp;&nbsp; 1030000 | &nbsp;&nbsp; 1061345 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2017 A  | 5.00% | 07/01/28 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 180167 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2017 A  | 5.00% | 07/01/29 *(a)* | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 144029 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2017 A  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 35863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 A  | 5.00% | 07/01/32 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 298200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 A  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 261261 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 A  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 521520 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 C  | 5.00% | 07/01/26  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 201229 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 C  | 5.00% | 07/01/27  | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 293673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 C  | 5.00% | 07/01/28  | &nbsp;&nbsp; 670000 | &nbsp;&nbsp; 706105 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 C  | 5.00% | 07/01/30 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 524600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 C  | 5.00% | 07/01/31 *(a)* | &nbsp;&nbsp; 450000 | &nbsp;&nbsp; 471370 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 C  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 240360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2018 C  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 855000 | &nbsp;&nbsp; 891799 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2019 A  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 380463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2019 A  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 340000 | &nbsp;&nbsp; 357784 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2019 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1049316 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2020 A  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 70000 | &nbsp;&nbsp; 74713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2021 A  | 5.00% | 07/01/26  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 261597 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2021 A  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 265005 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2021 A  | 5.00% | 07/01/41 *(a)* | &nbsp;&nbsp; 585000 | &nbsp;&nbsp; 618279 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2021 A  | 4.00% | 07/01/42 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2001555 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2022 A  | 5.00% | 07/01/33 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 139446 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2022 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 705000 | &nbsp;&nbsp; 766729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2023 A  | 4.00% | 07/01/30  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26246 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2023 A  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 585000 | &nbsp;&nbsp; 658049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2023 A  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 350000 | &nbsp;&nbsp; 390344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2023 A  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 555000 | &nbsp;&nbsp; 614586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2023 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 645000 | &nbsp;&nbsp; 705570 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2023 A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 310000 | &nbsp;&nbsp; 337747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2024 A  | 5.00% | 07/01/31  | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 415626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2024 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 112283 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2024 A  | 5.00% | 07/01/33  | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 425222 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2024 A  | 5.00% | 07/01/35 *(a)* | &nbsp;&nbsp; 225000 | &nbsp;&nbsp; 254068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2024 A  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1111884 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2024 A  | 5.00% | 07/01/38 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 165765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2024 A  | 5.00% | 07/01/39 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2024 A  | 5.00% | 07/01/40 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 164313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2024 B  | 5.00% | 07/01/28  | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 379399 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Bonneville Power Administration Series 2025 A  | 5.00% | 07/01/32  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 561415 |
| **Franklin County School District No. 1 Pasco** | **Franklin County School District No. 1 Pasco** | **Franklin County School District No. 1 Pasco** | **Franklin County School District No. 1 Pasco** | **Franklin County School District No. 1 Pasco** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 4.00% | 12/01/28 *(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51739 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.50% | 12/01/40 *(a)(c)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 50373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 4.25% | 12/01/42 *(a)(c)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25458 |
| **King & Snohomish Counties School District No. 417 Northshore** | **King & Snohomish Counties School District No. 417 Northshore** | **King & Snohomish Counties School District No. 417 Northshore** | **King & Snohomish Counties School District No. 417 Northshore** | **King & Snohomish Counties School District No. 417 Northshore** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 12/01/35 *(a)(c)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 104043 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018  | 5.00% | 12/01/36 *(a)(c)* | &nbsp;&nbsp; 275000 | &nbsp;&nbsp; 285492 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 5.00% | 12/01/39 *(a)(c)* | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 117491 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022  | 4.00% | 12/01/40 *(a)(c)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 1506630 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 12/01/39 *(a)(c)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 192431 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 12/01/40 *(a)(c)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 273369 |

---

**295**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **King County Public Hospital District No. 2** | **King County Public Hospital District No. 2** | **King County Public Hospital District No. 2** | **King County Public Hospital District No. 2** | **King County Public Hospital District No. 2** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 4.00% | 12/01/45 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 91003 |
| **King County School District No. 403 Renton** | **King County School District No. 403 Renton** | **King County School District No. 403 Renton** | **King County School District No. 403 Renton** | **King County School District No. 403 Renton** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023  | 4.00% | 12/01/40 *(a)(c)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 44860 |
| **King County School District No. 411 Issaquah** | **King County School District No. 411 Issaquah** | **King County School District No. 411 Issaquah** | **King County School District No. 411 Issaquah** | **King County School District No. 411 Issaquah** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2016  | 4.00% | 12/01/31 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 50076 |
| **King County School District No. 414 Lake Washington** | **King County School District No. 414 Lake Washington** | **King County School District No. 414 Lake Washington** | **King County School District No. 414 Lake Washington** | **King County School District No. 414 Lake Washington** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 4.00% | 12/01/27 *(c)* | &nbsp;&nbsp; 210000 | &nbsp;&nbsp; 215282 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 4.00% | 12/01/28 *(c)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15529 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2020  | 4.00% | 12/01/29 *(c)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 99336 |
| **Pierce County School District No. 10 Tacoma** | **Pierce County School District No. 10 Tacoma** | **Pierce County School District No. 10 Tacoma** | **Pierce County School District No. 10 Tacoma** | **Pierce County School District No. 10 Tacoma** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 B  | 4.00% | 12/01/41 *(a)(c)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 141015 |
| **Pierce County School District No. 320 Sumner** | **Pierce County School District No. 320 Sumner** | **Pierce County School District No. 320 Sumner** | **Pierce County School District No. 320 Sumner** | **Pierce County School District No. 320 Sumner** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025  | 5.00% | 12/01/41 *(a)(c)* | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; 143111 |
| **Port of Seattle** | **Port of Seattle** | **Port of Seattle** | **Port of Seattle** | **Port of Seattle** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/30  | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 131130 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2022 A  | 5.00% | 08/01/31  | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 149028 |
| **Snohomish County Public Utility District No. 1 Electric System Revenue** | **Snohomish County Public Utility District No. 1 Electric System Revenue** | **Snohomish County Public Utility District No. 1 Electric System Revenue** | **Snohomish County Public Utility District No. 1 Electric System Revenue** | **Snohomish County Public Utility District No. 1 Electric System Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.25% | 12/01/55 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1044746 |
| **Snohomish County School District No. 15 Edmonds** | **Snohomish County School District No. 15 Edmonds** | **Snohomish County School District No. 15 Edmonds** | **Snohomish County School District No. 15 Edmonds** | **Snohomish County School District No. 15 Edmonds** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024  | 5.00% | 12/01/40 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 54674 |
| **Spokane County School District No. 81 Spokane** | **Spokane County School District No. 81 Spokane** | **Spokane County School District No. 81 Spokane** | **Spokane County School District No. 81 Spokane** | **Spokane County School District No. 81 Spokane** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019  | 5.00% | 12/01/36 *(a)(c)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 210204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 4.00% | 12/01/38 *(a)(c)* | &nbsp;&nbsp; 520000 | &nbsp;&nbsp; 522483 |
| **State of Washington** | **State of Washington** | **State of Washington** | **State of Washington** | **State of Washington** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 A  | 5.00% | 08/01/42 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25485 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2017 D  | 5.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 145000 | &nbsp;&nbsp; 147228 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2018 C  | 5.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp; 6126934 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 2020A  | 5.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 385000 | &nbsp;&nbsp; 405460 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 209951 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2019 A  | 5.00% | 08/01/43 *(a)* | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 264204 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 158371 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105332 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 A  | 5.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 95000 | &nbsp;&nbsp; 98989 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 02/01/35 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 176381 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 31728 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 6565000 | &nbsp;&nbsp; 6919700 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 02/01/40 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 168210 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 02/01/41 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 157129 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2020 C  | 5.00% | 02/01/42 *(a)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 208885 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 230000 | &nbsp;&nbsp; 248014 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 165001 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 08/01/43 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26330 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 A  | 5.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 157167 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 5.00% | 02/01/41 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52808 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2021 C  | 5.00% | 02/01/45 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 124640 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 08/01/31  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 111018 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-1  | 5.00% | 08/01/33 *(a)* | &nbsp;&nbsp; 120000 | &nbsp;&nbsp; 134019 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-2  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 134047 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-2  | 5.00% | 08/01/41 *(a)* | &nbsp;&nbsp; 135000 | &nbsp;&nbsp; 144346 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-3  | 5.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 62562 |

---

**296**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 A-3  | 5.00% | 08/01/47 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 259151 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.00% | 02/01/33 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33312 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.00% | 02/01/41 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 58544 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 47238 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.00% | 02/01/45 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20894 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2022 C  | 5.00% | 02/01/46 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 57167 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 2024-A  | 5.00% | 08/01/46 *(a)* | &nbsp;&nbsp; 1130000 | &nbsp;&nbsp; 1184780 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 27962 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 61080 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/39 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 272786 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 A  | 5.00% | 08/01/44 *(a)* | &nbsp;&nbsp; 1250000 | &nbsp;&nbsp; 1327997 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1904442 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 02/01/43 *(a)* | &nbsp;&nbsp; 955000 | &nbsp;&nbsp; 1018172 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 52925 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 02/01/46 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 172466 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2023 B  | 5.00% | 02/01/47 *(a)* | &nbsp;&nbsp; 1640000 | &nbsp;&nbsp; 1703400 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 2025A  | 5.00% | 08/01/33  | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 680022 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/36 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33710 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 A  | 5.00% | 08/01/48 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 260990 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 02/01/38 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33159 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 02/01/39 *(a)* | &nbsp;&nbsp; 55000 | &nbsp;&nbsp; 60472 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 02/01/45 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1060635 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2024 C  | 5.00% | 02/01/49 *(a)* | &nbsp;&nbsp; 35000 | &nbsp;&nbsp; 36341 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 08/01/45 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 535147 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 02/01/40 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 11039 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 02/01/44 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 123730 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 02/01/46 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 185371 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 C  | 5.00% | 02/01/49 *(a)* | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp; 2087629 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series R-2022 D  | 4.00% | 07/01/28  | &nbsp;&nbsp; 630000 | &nbsp;&nbsp; 650537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 R-2018D  | 5.00% | 08/01/32 *(a)* | &nbsp;&nbsp; 625000 | &nbsp;&nbsp; 643478 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 R-2018D  | 5.00% | 08/01/33 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 257059 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021  | 5.00% | 06/01/41 *(a)* | &nbsp;&nbsp; 10000 | &nbsp;&nbsp; 10511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 R-2022C  | 4.00% | 07/01/26  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 301140 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 R-2023A  | 5.00% | 08/01/29  | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 409305 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 R-2023B  | 5.00% | 07/01/29  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1075458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R-2024C  | 5.00% | 08/01/26  | &nbsp;&nbsp; 1620000 | &nbsp;&nbsp; 1633558 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R-2024C  | 5.00% | 08/01/28  | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 317001 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R-2024C  | 5.00% | 08/01/30  | &nbsp;&nbsp; 1450000 | &nbsp;&nbsp; 1588845 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R-2025A  | 4.00% | 07/01/26  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 260988 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R-2025B  | 5.00% | 07/01/27  | &nbsp;&nbsp; 570000 | &nbsp;&nbsp; 587631 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R-2025B  | 5.00% | 07/01/29  | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 215092 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R-2025B  | 5.00% | 07/01/30  | &nbsp;&nbsp; 110000 | &nbsp;&nbsp; 120373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 R-2025C  | 5.00% | 07/01/27  | &nbsp;&nbsp; 255000 | &nbsp;&nbsp; 262888 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2017 A  | 5.00% | 08/01/28 *(a)* | &nbsp;&nbsp; 165000 | &nbsp;&nbsp; 166357 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2017 A  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 175000 | &nbsp;&nbsp; 176327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2018 C  | 5.00% | 08/01/27  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 268564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2018 C  | 5.00% | 08/01/29 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 258057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2018 C  | 5.00% | 08/01/30 *(a)* | &nbsp;&nbsp; 115000 | &nbsp;&nbsp; 118599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2018 C  | 5.00% | 08/01/33 *(a)* | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20565 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2018 C  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 155000 | &nbsp;&nbsp; 159254 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2018 D  | 5.00% | 08/01/27  | &nbsp;&nbsp; 365000 | &nbsp;&nbsp; 376974 |

---

**297**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2018 D  | 5.00% | 08/01/30 *(a)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 15469 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2018 D  | 5.00% | 08/01/31 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 103050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2022 C  | 4.00% | 07/01/27  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 509352 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2022 C  | 4.00% | 07/01/28  | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 165180 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2022 D  | 4.00% | 07/01/27  | &nbsp;&nbsp; 4010000 | &nbsp;&nbsp; 4085007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2023 A  | 5.00% | 08/01/26  | &nbsp;&nbsp; 825000 | &nbsp;&nbsp; 831904 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2023 A  | 5.00% | 08/01/28  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 105667 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2023 A  | 5.00% | 08/01/34 *(a)* | &nbsp;&nbsp; 4810000 | &nbsp;&nbsp; 5416578 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2023 A  | 5.00% | 08/01/35 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 167771 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2023 B  | 5.00% | 07/01/30  | &nbsp;&nbsp; 220000 | &nbsp;&nbsp; 240747 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2023 B  | 5.00% | 07/01/34 *(a)* | &nbsp;&nbsp; 80000 | &nbsp;&nbsp; 90032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2023 B  | 5.00% | 07/01/36 *(a)* | &nbsp;&nbsp; 285000 | &nbsp;&nbsp; 316373 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2023 B  | 5.00% | 07/01/37 *(a)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 330737 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2024 C  | 5.00% | 08/01/29  | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 26928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2024 C  | 5.00% | 08/01/31  | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 138772 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2024 C  | 5.00% | 08/01/37 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 50179 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2024 C  | 5.00% | 08/01/38 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 110832 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2024 C  | 5.00% | 08/01/40 *(a)* | &nbsp;&nbsp; 1750000 | &nbsp;&nbsp; 1917511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2025 B  | 5.00% | 07/01/28  | &nbsp;&nbsp; 945000 | &nbsp;&nbsp; 996774 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2025 B  | 5.00% | 07/01/31  | &nbsp;&nbsp; 420000 | &nbsp;&nbsp; 465717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2025 C  | 5.00% | 07/01/29  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 53773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series R-2025 C  | 5.00% | 07/01/30  | &nbsp;&nbsp; 410000 | &nbsp;&nbsp; 448665 |
| **University of Washington** | **University of Washington** | **University of Washington** | **University of Washington** | **University of Washington** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2012 C  | 3.13% | 07/01/42 *(a)* | &nbsp;&nbsp; 790000 | &nbsp;&nbsp; 661031 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2016 A  | 4.00% | 12/01/41 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 145320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2025 A  | 5.00% | 04/01/37 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 563348 |
| **Washington Biomed Research Properties Lease** | **Washington Biomed Research Properties Lease** | **Washington Biomed Research Properties Lease** | **Washington Biomed Research Properties Lease** | **Washington Biomed Research Properties Lease** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Washington Series 2015 A  | 4.00% | 01/01/48 *(a)* | &nbsp;&nbsp; 775000 | &nbsp;&nbsp; 713581 |
| **Washington State Convention Center Public Facilities District** | **Washington State Convention Center Public Facilities District** | **Washington State Convention Center Public Facilities District** | **Washington State Convention Center Public Facilities District** | **Washington State Convention Center Public Facilities District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Lodging Tax Revenue Series 2018  | 5.00% | 07/01/48 *(a)* | &nbsp;&nbsp; 475000 | &nbsp;&nbsp; 463705 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Lodging Tax Revenue Series 2018  | 4.00% | 07/01/58 *(a)* | &nbsp;&nbsp; 160000 | &nbsp;&nbsp; 125719 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Lodging Tax Revenue Series 2018  | 4.00% | 07/01/58 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 38910 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Lodging Tax Revenue Series 2018  | 5.00% | 07/01/58 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 96107 |
| **Whatcom County School District No. 501 Bellingham** | **Whatcom County School District No. 501 Bellingham** | **Whatcom County School District No. 501 Bellingham** | **Whatcom County School District No. 501 Bellingham** | **Whatcom County School District No. 501 Bellingham** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023  | 5.00% | 12/01/39 *(a)(c)* | &nbsp;&nbsp; 15000 | &nbsp;&nbsp; 16205 |
|  |  |  |  | &nbsp;&nbsp; **100886201** |
| **WEST VIRGINIA** 0.0%  | **WEST VIRGINIA** 0.0%  | **WEST VIRGINIA** 0.0%  | **WEST VIRGINIA** 0.0%  | **WEST VIRGINIA** 0.0%  |
| **Marshall University** | **Marshall University** | **Marshall University** | **Marshall University** | **Marshall University** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2020 A  | 3.00% | 05/01/46 *(a)(c)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 37963 |
| **West Virginia Parkways Authority** | **West Virginia Parkways Authority** | **West Virginia Parkways Authority** | **West Virginia Parkways Authority** | **West Virginia Parkways Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2018  | 4.00% | 06/01/47 *(a)* | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 137379 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 5.00% | 06/01/47 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 195120 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021  | 4.00% | 06/01/51 *(a)* | &nbsp;&nbsp; 125000 | &nbsp;&nbsp; 110119 |
|  |  |  |  | &nbsp;&nbsp; **480581** |
| **WISCONSIN** 0.5%  | **WISCONSIN** 0.5%  | **WISCONSIN** 0.5%  | **WISCONSIN** 0.5%  | **WISCONSIN** 0.5%  |
| **Ashwaubenon Community Development Authority** | **Ashwaubenon Community Development Authority** | **Ashwaubenon Community Development Authority** | **Ashwaubenon Community Development Authority** | **Ashwaubenon Community Development Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB County of Brown Series 2019  | 3.00% | 06/01/44 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 203560 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB County of Brown Series 2019  | 4.88% | 06/01/49 *(a)(d)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 79409 |

---

**298**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Franklin Public School District** | **Franklin Public School District** | **Franklin Public School District** | **Franklin Public School District** | **Franklin Public School District** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 4.00% | 04/01/45 *(a)* | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 239512 |
| **Public Finance Authority** | **Public Finance Authority** | **Public Finance Authority** | **Public Finance Authority** | **Public Finance Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB University of Kansas Series 2016  | 5.00% | 03/01/41 *(a)* | &nbsp;&nbsp; 25000 | &nbsp;&nbsp; 25009 |
| **State of Wisconsin** | **State of Wisconsin** | **State of Wisconsin** | **State of Wisconsin** | **State of Wisconsin** |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 3  | 5.00% | 05/01/30  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1092195 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 3  | 5.00% | 05/01/31  | &nbsp;&nbsp; 250000 | &nbsp;&nbsp; 277173 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 3  | 5.00% | 05/01/35  | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1150114 |
| &nbsp;&nbsp;&nbsp;&nbsp; GO Bonds Series 2025 A  | 5.00% | 05/01/36 *(a)* | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp; 1123385 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 05/01/28 *(a)(b)* | &nbsp;&nbsp; 425000 | &nbsp;&nbsp; 436349 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2019 A  | 5.00% | 05/01/29 *(a)(b)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205340 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 11/01/26  | &nbsp;&nbsp; 140000 | &nbsp;&nbsp; 142082 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 11/01/27 *(a)* | &nbsp;&nbsp; 205000 | &nbsp;&nbsp; 210557 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 345000 | &nbsp;&nbsp; 353983 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 2  | 5.00% | 11/01/26  | &nbsp;&nbsp; 260000 | &nbsp;&nbsp; 263866 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 2  | 5.00% | 11/01/27 *(a)* | &nbsp;&nbsp; 190000 | &nbsp;&nbsp; 195151 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 3  | 5.00% | 11/01/27 *(a)* | &nbsp;&nbsp; 440000 | &nbsp;&nbsp; 451928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2017 3  | 5.00% | 11/01/28 *(a)* | &nbsp;&nbsp; 770000 | &nbsp;&nbsp; 790050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2021 1  | 5.00% | 05/01/27  | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 30821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2022 4  | 5.00% | 05/01/30  | &nbsp;&nbsp; 65000 | &nbsp;&nbsp; 70993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 2  | 5.00% | 05/01/31  | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 55435 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 2  | 5.00% | 05/01/33  | &nbsp;&nbsp; 4200000 | &nbsp;&nbsp; 4761000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 2  | 5.00% | 05/01/37 *(a)* | &nbsp;&nbsp; 45000 | &nbsp;&nbsp; 49781 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2023 2  | 5.00% | 05/01/38 *(a)* | &nbsp;&nbsp; 375000 | &nbsp;&nbsp; 412545 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 1  | 5.00% | 05/01/32  | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 562182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 1  | 5.00% | 05/01/35 *(a)* | &nbsp;&nbsp; 30000 | &nbsp;&nbsp; 33925 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2024 2024-2  | 5.00% | 05/01/27  | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 2  | 5.00% | 05/01/27  | &nbsp;&nbsp; 20000 | &nbsp;&nbsp; 20547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding GO Bonds Series 2025 2025-2  | 5.00% | 05/01/38 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 558403 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 05/01/26 *(b)* | &nbsp;&nbsp; 60000 | &nbsp;&nbsp; 60125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2019 A  | 5.00% | 05/01/27 *(b)* | &nbsp;&nbsp; 200000 | &nbsp;&nbsp; 205341 |
| **State of Wisconsin Environmental Improvement Fund Revenue** | **State of Wisconsin Environmental Improvement Fund Revenue** | **State of Wisconsin Environmental Improvement Fund Revenue** | **State of Wisconsin Environmental Improvement Fund Revenue** | **State of Wisconsin Environmental Improvement Fund Revenue** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2024 A  | 5.00% | 06/01/33 *(a)* | &nbsp;&nbsp; 700000 | &nbsp;&nbsp; 788356 |
| **Village of Mount Pleasant** | **Village of Mount Pleasant** | **Village of Mount Pleasant** | **Village of Mount Pleasant** | **Village of Mount Pleasant** |
| &nbsp;&nbsp;&nbsp;&nbsp; Tax Allocation Tax Increment District No. 5 Series 2018 A  | 5.00% | 04/01/43 *(a)* | &nbsp;&nbsp; 50000 | &nbsp;&nbsp; 51143 |
| **Wisconsin Center District** | **Wisconsin Center District** | **Wisconsin Center District** | **Wisconsin Center District** | **Wisconsin Center District** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C  | 4.84% | 12/15/50 *(a)(c)(d)* | &nbsp;&nbsp; 800000 | &nbsp;&nbsp; 240924 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 C  | 4.84% | 12/15/60 *(a)(c)(d)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 88828 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D  | 5.00% | 12/15/45 *(a)(c)(d)* | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 163695 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D  | 5.05% | 12/15/55 *(a)(c)(d)* | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp; 351105 |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2020 D  | 4.99% | 12/15/60 *(a)(c)(d)* | &nbsp;&nbsp; 300000 | &nbsp;&nbsp; 54207 |
| **Wisconsin Department of Transportation** | **Wisconsin Department of Transportation** | **Wisconsin Department of Transportation** | **Wisconsin Department of Transportation** | **Wisconsin Department of Transportation** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 1  | 5.00% | 07/01/27  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 314587 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Series 2017 1  | 5.00% | 07/01/28 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 514819 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fee Revenue Series 2017 2  | 5.00% | 07/01/29 *(a)* | &nbsp;&nbsp; 100000 | &nbsp;&nbsp; 102846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fee Revenue Series 2023 1  | 5.00% | 07/01/32  | &nbsp;&nbsp; 305000 | &nbsp;&nbsp; 342835 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fee Revenue Series 2024 2  | 5.00% | 07/01/26  | &nbsp;&nbsp; 380000 | &nbsp;&nbsp; 382421 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fee Revenue Series 2024 2  | 5.00% | 07/01/32  | &nbsp;&nbsp; 360000 | &nbsp;&nbsp; 404658 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Fee Revenue Series 2025 1  | 5.00% | 07/01/29  | &nbsp;&nbsp; 150000 | &nbsp;&nbsp; 161173 |

---

**299**

------

Schwab Municipal Bond ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp; ISSUER<br> TYPE OF SECURITY, SERIES<br>| RATE | MATURITY | FACE<br> AMOUNT ($)<br>| VALUE ($) |
| **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** | **Wisconsin Health & Educational Facilities Authority** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Medical College of Wisconsin, Inc. Series 2016  | 4.00% | 12/01/46 *(a)* | &nbsp;&nbsp; 75000 | &nbsp;&nbsp; 68586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Medical College of Wisconsin, Inc. Series 2022  | 4.00% | 12/01/51 *(a)* | &nbsp;&nbsp; 500000 | &nbsp;&nbsp; 419364 |
|  |  |  |  | &nbsp;&nbsp; **18613043** |
| **WYOMING** 0.1%  | **WYOMING** 0.1%  | **WYOMING** 0.1%  | **WYOMING** 0.1%  | **WYOMING** 0.1%  |
| **County of Campbell** | **County of Campbell** | **County of Campbell** | **County of Campbell** | **County of Campbell** |
| &nbsp;&nbsp;&nbsp;&nbsp; Refunding RB Basin Electric Power Cooperative Series 2019 A  | 3.63% | 07/15/39 *(a)* | &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1116237 |
| **University of Wyoming** | **University of Wyoming** | **University of Wyoming** | **University of Wyoming** | **University of Wyoming** |
| &nbsp;&nbsp;&nbsp;&nbsp; RB Series 2021 C  | 4.00% | 06/01/51 *(a)(c)* | &nbsp;&nbsp; 600000 | &nbsp;&nbsp; 527684 |
|  |  |  |  | &nbsp;&nbsp; **1643921** |
| **Total Municipal Securities**<br> **(Cost $3,523,409,860)** | **Total Municipal Securities**<br> **(Cost $3,523,409,860)** | **Total Municipal Securities**<br> **(Cost $3,523,409,860)** | **Total Municipal Securities**<br> **(Cost $3,523,409,860)** | &nbsp;&nbsp; **3527019182** |
| **Total Investments in Securities**<br> **(Cost $3,523,409,860)** | **Total Investments in Securities**<br> **(Cost $3,523,409,860)** | **Total Investments in Securities**<br> **(Cost $3,523,409,860)** | **Total Investments in Securities**<br> **(Cost $3,523,409,860)** | &nbsp;&nbsp; **3527019182** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* The effective maturity may be shorter than the final maturity shown because the security
 is subject to a put, demand or call feature.

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* Refunded bond.

&nbsp;&nbsp;&nbsp;&nbsp;*(c)* Credit-enhanced or liquidity-enhanced.

&nbsp;&nbsp;&nbsp;&nbsp;*(d)* Zero coupon bond. When a security is purchased with a zero coupon rate the effective
 yield at the time of purchase is shown.

&nbsp;&nbsp;&nbsp;&nbsp;*(e)* Security or a portion of the security purchased on a delayed-delivery or when-issued
 basis.

&nbsp;&nbsp;&nbsp;&nbsp;*(f)* VRDN is a municipal security which allows holders to sell their security through a
 put or tender feature, at par value plus accrued interest. The interest rate resets
 on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless
 a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset
 date. The rate is typically based on the SIFMA Municipal Swap Index.

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

---

| | |
|:---|:---|
| CD — | Certificate of deposit |
| COP — | Certificate of participation |
| GO — | General obligation |
| RB — | Revenue bond |
| SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate <br> Demand Obligations with certain characteristics.<br>|
| VRDN — | Variable rate demand note |

---

&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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| 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** |  |  |  |  |
| Municipal Securities<sup>1</sup> <br>| $— | &nbsp;&nbsp;&nbsp; $3527019182 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $3527019182 |
| **Total** | **$—** | &nbsp;&nbsp; **$3527019182** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$3527019182** |

---

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

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

**300**

------

Schwab Fixed-Income ETFs

**Notes to Portfolio Holdings (Unaudited)** 

------

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Bonds and notes:** Fixed income investments are generally valued using an evaluated price at the mid-point of the bid/ask spread provided by an approved, independent pricing service (mid-price). To determine the evaluated mid-price, a pricing service may use a variety of techniques and inputs. Techniques may include, but are not limited to, spread models that calculate an investment-specific price relative to a benchmark or yield curve models that establish a price based on yields of comparable bonds along a range of maturities. Inputs differ by valuation approach and techniques, as appropriate, and examples of inputs may include, but are not limited to, interest rates, market conditions, comparable bonds, market trades, projected cash flows, credit reviews and issuer news.

&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;&nbsp;&nbsp;&nbsp;&nbsp;● **Short-term securities (60 days or less to maturity):** Securities with remaining maturities of 60 days or less are generally valued at an evaluated price; however, such securities may be valued at their amortized cost if it approximates the security's fair value.

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

&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 and futures contracts. Mutual funds and exchange-traded funds are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2, or Level 3 in the fair value hierarchy.

&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

**301**

------

Schwab Fixed-Income ETFs

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

------

third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore a fund's results of operations.

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

The levels associated with valuing the funds' investments are disclosed in each fund's Portfolio Holdings.

REG88394MAR26

**302**

------

## 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:** 425 Market Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

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

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

- **a. Name of Series:** Schwab Long-Term U.S. Treasury ETF

- **b. EDGAR series identifier (if any):** S000066662

- **c. LEI of Series:** 5493006AVMCWPOJLOR38

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $895863085.75

**Total Liabilities:** $23624.00

**Net Assets:** $895839461.75

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000214879 | -0.06%               | 4.18%                | -3.98%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2716547.16             | $-1772355.27                               |
| Month 2  | $-1626960.02             | $36951504.36                               |
| Month 3  | $-941899.27              | $-40797534.74                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 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        |     19562 | NS      | $19561.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810PT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1516300 | PA      | $1570792.03   | 0.18%             | 2037-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810PU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1957000 | PA      | $2071820.87   | 0.23%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810PW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2058900 | PA      | $2055522.13   | 0.23%             | 2038-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810PX0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2330200 | PA      | $2347130.37   | 0.26%             | 2038-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2387200 | PA      | $2154261.51   | 0.24%             | 2039-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3543500 | PA      | $3438856.02   | 0.38%             | 2039-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QC5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3786400 | PA      | $3751494.13   | 0.42%             | 2039-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4072200 | PA      | $3972940.13   | 0.44%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4102800 | PA      | $4101517.88   | 0.46%             | 2040-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3973200 | PA      | $3860832.94   | 0.43%             | 2040-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QK7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3949300 | PA      | $3620705.92   | 0.40%             | 2040-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QL5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3920900 | PA      | $3738945.73   | 0.42%             | 2040-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4156300 | PA      | $4179029.77   | 0.47%             | 2041-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3838100 | PA      | $3697469.64   | 0.41%             | 2041-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QS0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3883100 | PA      | $3464453.28   | 0.39%             | 2041-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4077000 | PA      | $3337725.25   | 0.37%             | 2041-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4315000 | PA      | $3516050.78   | 0.39%             | 2042-02-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4013000 | PA      | $3199113.44   | 0.36%             | 2042-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4628500 | PA      | $3539356.09   | 0.40%             | 2042-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6785000 | PA      | $5162430.89   | 0.58%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5824000 | PA      | $4664205.03   | 0.52%             | 2043-02-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9165900 | PA      | $7043421.28   | 0.79%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6596100 | PA      | $5633997.01   | 0.63%             | 2043-08-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6739800 | PA      | $5840984.52   | 0.65%             | 2043-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7126900 | PA      | $6056194.67   | 0.68%             | 2044-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6653200 | PA      | $5439510.81   | 0.61%             | 2044-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8567400 | PA      | $6718715.72   | 0.75%             | 2044-08-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7333300 | PA      | $5615130.76   | 0.63%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9954600 | PA      | $6985329.47   | 0.78%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4543300 | PA      | $3458942.09   | 0.39%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6013200 | PA      | $4465740.56   | 0.50%             | 2045-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3828500 | PA      | $2895602.25   | 0.32%             | 2045-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7267700 | PA      | $5014713.00   | 0.56%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7340200 | PA      | $5045814.08   | 0.56%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9801400 | PA      | $6390053.41   | 0.71%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3661400 | PA      | $2677112.72   | 0.30%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6864700 | PA      | $5118491.94   | 0.57%             | 2047-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5847000 | PA      | $4347335.89   | 0.49%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9769700 | PA      | $6916642.30   | 0.77%             | 2047-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810RZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9940900 | PA      | $7016877.51   | 0.78%             | 2047-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11139100 | PA      | $8218567.22   | 0.92%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11866900 | PA      | $8932623.61   | 1.00%             | 2048-05-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13332000 | PA      | $9787562.88   | 1.09%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13188100 | PA      | $10339264.40  | 1.15%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14070300 | PA      | $10280112.94  | 1.15%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13485500 | PA      | $9587347.66   | 1.07%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13250000 | PA      | $8242949.29   | 0.92%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12307400 | PA      | $7845006.05   | 0.88%             | 2049-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15465300 | PA      | $9004912.65   | 1.01%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18226200 | PA      | $8653173.33   | 0.97%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20502700 | PA      | $10025500.05  | 1.12%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14879800 | PA      | $9278950.28   | 1.04%             | 2040-08-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10990800 | PA      | $6925921.31   | 0.77%             | 2040-05-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20182000 | PA      | $10532481.25  | 1.18%             | 2050-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16626800 | PA      | $10712595.36  | 1.20%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22509400 | PA      | $12501509.85  | 1.40%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18324000 | PA      | $12700822.50  | 1.42%             | 2041-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22581600 | PA      | $14129377.80  | 1.58%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14322700 | PA      | $10443262.50  | 1.17%             | 2041-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22468300 | PA      | $12796398.98  | 1.43%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21320900 | PA      | $14261683.27  | 1.59%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21009900 | PA      | $11547238.11  | 1.29%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19041800 | PA      | $13174545.38  | 1.47%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19182000 | PA      | $11561650.88  | 1.29%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14603400 | PA      | $10646791.31  | 1.19%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18076900 | PA      | $12538024.86  | 1.40%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12651800 | PA      | $10429827.63  | 1.16%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17255800 | PA      | $12270491.53  | 1.37%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11796600 | PA      | $9858455.54   | 1.10%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17353000 | PA      | $14912734.38  | 1.66%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11869400 | PA      | $10744588.95  | 1.20%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17243100 | PA      | $13841629.19  | 1.55%             | 2053-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11872900 | PA      | $10551112.36  | 1.18%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17320700 | PA      | $13890389.58  | 1.55%             | 2053-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11828700 | PA      | $10488730.08  | 1.17%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19175000 | PA      | $16824564.55  | 1.88%             | 2053-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12788600 | PA      | $12074236.86  | 1.35%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20097400 | PA      | $19546291.71  | 2.18%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12790100 | PA      | $12637218.40  | 1.41%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21011400 | PA      | $18824901.19  | 2.10%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12782100 | PA      | $12224880.33  | 1.36%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21013400 | PA      | $20041530.25  | 2.24%             | 2054-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12790600 | PA      | $12408880.53  | 1.39%             | 2044-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21015700 | PA      | $18825470.02  | 2.10%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12791100 | PA      | $11603926.03  | 1.30%             | 2044-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21014200 | PA      | $19636784.96  | 2.19%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12786500 | PA      | $12372936.64  | 1.38%             | 2044-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21011900 | PA      | $20040099.63  | 2.24%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12777700 | PA      | $12558083.28  | 1.40%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21009300 | PA      | $20457805.88  | 2.28%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12790400 | PA      | $12960272.50  | 1.45%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21011400 | PA      | $20472982.88  | 2.29%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12785800 | PA      | $12746843.33  | 1.42%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21009700 | PA      | $20070829.03  | 2.24%             | 2055-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12791900 | PA      | $12339186.73  | 1.38%             | 2045-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7614400 | PA      | $7425229.75   | 0.83%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                     | U.S. Treasury Bonds                                        | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4873600 | PA      | $4697312.77   | 0.52%             | 2046-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-27

**Name of Applicant:** SCHWAB STRATEGIC TRUST

**Signature:** Dana Smith

**Name of Signer:** Dana Smith

**Title:** CFO