# EDGAR Filing Document

**Accession Number:** 0001454889
**File Stem:** 0001752724-23-015248
**Filing Date:** 2023-1
**Character Count:** 75985
**Document Hash:** ace057815785c0ea023bba6a8b3e1b13
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015248.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0001752724-23-015248

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWAB STRATEGIC TRUST
- **CENTRAL INDEX KEY:** 0001454889
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22311
- **FILM NUMBER:** 23558742

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

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

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

## Series and Classes Contracts Data

### Schwab U.S. REIT ETF (Series ID: S000030518)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000094080 | Schwab U.S. REIT ETF | SCHH            |

## Nport-Ex

Schwab Strategic Trust <br>Schwab U.S. REIT ETF

------

**Portfolio Holdings** as of November 30, 2022 (Unaudited)

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

The following are the portfolio holdings as of the report date. For more information, please refer to the fund's semiannual or annual shareholder reports. You can also obtain this information at no cost by calling 1-866-414-6349 or by sending an email request to orders@mysummaryprospectus.com.

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 99.9% OF NET ASSETS | **COMMON STOCKS** 99.9% OF NET ASSETS | **COMMON STOCKS** 99.9% OF NET ASSETS |
| **Diversified REITs 3.0%** | **Diversified REITs 3.0%** | **Diversified REITs 3.0%** |
| Alexander & Baldwin, Inc. \* | &nbsp;&nbsp;&nbsp; 342160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6757660 |
| American Assets Trust, Inc.  | &nbsp;&nbsp;&nbsp; 245460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7189523 |
| Armada Hoffler Properties, Inc.  | &nbsp;&nbsp;&nbsp; 319081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3876834 |
| Broadstone Net Lease, Inc.  | &nbsp;&nbsp;&nbsp; 815256 | &nbsp;&nbsp;&nbsp;&nbsp; 13834894 |
| Empire State Realty Trust, Inc., Class A  | &nbsp;&nbsp;&nbsp; 627322 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4836653 |
| Essential Properties Realty Trust, Inc.  | &nbsp;&nbsp;&nbsp; 665455 | &nbsp;&nbsp;&nbsp;&nbsp; 15445211 |
| Global Net Lease, Inc.  | &nbsp;&nbsp;&nbsp; 488133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6604440 |
| iStar, Inc.  | &nbsp;&nbsp;&nbsp; 401915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3227377 |
| STORE Capital Corp.  | 1252083 | &nbsp;&nbsp;&nbsp;&nbsp; 39941448 |
| WP Carey, Inc.  | &nbsp;&nbsp;&nbsp; 977949 | &nbsp;&nbsp;&nbsp;&nbsp; 77062381 |
|  |  | **178776421** |
| **Health Care REITs 8.1%** | **Health Care REITs 8.1%** | **Health Care REITs 8.1%** |
| CareTrust REIT, Inc.  | &nbsp;&nbsp;&nbsp; 457299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9054520 |
| Diversified Healthcare Trust  | 1125633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1114377 |
| Global Medical REIT, Inc.  | &nbsp;&nbsp;&nbsp; 289561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2924566 |
| Healthcare Realty Trust, Inc.  | 1793172 | &nbsp;&nbsp;&nbsp;&nbsp; 36813821 |
| Healthpeak Properties, Inc.  | 2542541 | &nbsp;&nbsp;&nbsp;&nbsp; 66767127 |
| LTC Properties, Inc.  | &nbsp;&nbsp;&nbsp; 190983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7503722 |
| Medical Properties Trust, Inc.  | 2822616 | &nbsp;&nbsp;&nbsp;&nbsp; 37032722 |
| National Health Investors, Inc.  | &nbsp;&nbsp;&nbsp; 210444 | &nbsp;&nbsp;&nbsp;&nbsp; 11839579 |
| Omega Healthcare Investors, Inc.  | 1103131 | &nbsp;&nbsp;&nbsp;&nbsp; 33402807 |
| Physicians Realty Trust  | 1066944 | &nbsp;&nbsp;&nbsp;&nbsp; 15929474 |
| Sabra Health Care REIT, Inc.  | 1087841 | &nbsp;&nbsp;&nbsp;&nbsp; 14044027 |
| Ventas, Inc.  | 1883465 | &nbsp;&nbsp;&nbsp;&nbsp; 87637627 |
| Welltower, Inc.  | 2183401 | &nbsp;&nbsp;&nbsp; 155086973 |
|  |  | **479151342** |
| **Hotel & Resort REITs 3.1%** | **Hotel & Resort REITs 3.1%** | **Hotel & Resort REITs 3.1%** |
| Apple Hospitality REIT, Inc.  | 1003329 | &nbsp;&nbsp;&nbsp;&nbsp; 17116793 |
| Ashford Hospitality Trust, Inc. \* | &nbsp;&nbsp;&nbsp; 162801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1059835 |
| Chatham Lodging Trust \* | &nbsp;&nbsp;&nbsp; 229657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3070514 |
| DiamondRock Hospitality Co.  | &nbsp;&nbsp;&nbsp; 993786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9351526 |
| Host Hotels & Resorts, Inc.  | 3368585 | &nbsp;&nbsp;&nbsp;&nbsp; 63801000 |
| Park Hotels & Resorts, Inc.  | 1059545 | &nbsp;&nbsp;&nbsp;&nbsp; 13593962 |
| Pebblebrook Hotel Trust  | &nbsp;&nbsp;&nbsp; 619057 | &nbsp;&nbsp;&nbsp;&nbsp; 10307299 |
| RLJ Lodging Trust  | &nbsp;&nbsp;&nbsp; 766659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9291907 |
| Ryman Hospitality Properties, Inc.  | &nbsp;&nbsp;&nbsp; 259887 | &nbsp;&nbsp;&nbsp;&nbsp; 23787457 |
| Service Properties Trust  | &nbsp;&nbsp;&nbsp; 778498 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6111209 |
| Summit Hotel Properties, Inc.  | &nbsp;&nbsp;&nbsp; 503018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4300804 |
| Sunstone Hotel Investors, Inc.  | &nbsp;&nbsp;&nbsp; 999633 | &nbsp;&nbsp;&nbsp;&nbsp; 10985967 |
| Xenia Hotels & Resorts, Inc.  | &nbsp;&nbsp;&nbsp; 539070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8312459 |
|  |  | **181090732** |
| **Industrial REITs 12.5%** | **Industrial REITs 12.5%** | **Industrial REITs 12.5%** |
| Americold Realty Trust, Inc.  | 1269250 | &nbsp;&nbsp;&nbsp;&nbsp; 37887112 |
| EastGroup Properties, Inc.  | &nbsp;&nbsp;&nbsp; 205269 | &nbsp;&nbsp;&nbsp;&nbsp; 31865960 |
| First Industrial Realty Trust, Inc.  | &nbsp;&nbsp;&nbsp; 622299 | &nbsp;&nbsp;&nbsp;&nbsp; 31457214 |
| Industrial Logistics Properties Trust  | &nbsp;&nbsp;&nbsp; 308586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1255945 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Innovative Industrial Properties, Inc.  | &nbsp;&nbsp;&nbsp; 131815 | &nbsp;&nbsp;&nbsp;&nbsp; 15977296 |
| LXP Industrial Trust  | 1319039 | &nbsp;&nbsp;&nbsp;&nbsp; 14192860 |
| Plymouth Industrial REIT, Inc.  | &nbsp;&nbsp;&nbsp; 172132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3563132 |
| Prologis, Inc.  | 4350352 | &nbsp;&nbsp;&nbsp; 512427962 |
| Rexford Industrial Realty, Inc.  | &nbsp;&nbsp;&nbsp; 806031 | &nbsp;&nbsp;&nbsp;&nbsp; 44565454 |
| STAG Industrial, Inc.  | &nbsp;&nbsp;&nbsp; 844471 | &nbsp;&nbsp;&nbsp;&nbsp; 27791541 |
| Terreno Realty Corp.  | &nbsp;&nbsp;&nbsp; 313276 | &nbsp;&nbsp;&nbsp;&nbsp; 18370505 |
|  |  | **739354981** |
| **Office REITs 5.8%** | **Office REITs 5.8%** | **Office REITs 5.8%** |
| Alexandria Real Estate Equities, Inc.  | &nbsp;&nbsp;&nbsp; 699656 | &nbsp;&nbsp;&nbsp; 108873470 |
| Boston Properties, Inc.  | &nbsp;&nbsp;&nbsp; 672079 | &nbsp;&nbsp;&nbsp;&nbsp; 48443454 |
| Brandywine Realty Trust  | &nbsp;&nbsp;&nbsp; 808473 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5586548 |
| City Office REIT, Inc.  | &nbsp;&nbsp;&nbsp; 195384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1932348 |
| Corporate Office Properties Trust  | &nbsp;&nbsp;&nbsp; 529731 | &nbsp;&nbsp;&nbsp;&nbsp; 14710630 |
| Cousins Properties, Inc.  | &nbsp;&nbsp;&nbsp; 713668 | &nbsp;&nbsp;&nbsp;&nbsp; 18826562 |
| Douglas Emmett, Inc.  | &nbsp;&nbsp;&nbsp; 827819 | &nbsp;&nbsp;&nbsp;&nbsp; 14337825 |
| Easterly Government Properties, Inc.  | &nbsp;&nbsp;&nbsp; 428315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6784510 |
| Equity Commonwealth  | &nbsp;&nbsp;&nbsp; 524178 | &nbsp;&nbsp;&nbsp;&nbsp; 14199982 |
| Highwoods Properties, Inc.  | &nbsp;&nbsp;&nbsp; 495319 | &nbsp;&nbsp;&nbsp;&nbsp; 14760506 |
| Hudson Pacific Properties, Inc.  | &nbsp;&nbsp;&nbsp; 607943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7027821 |
| JBG SMITH Properties  | &nbsp;&nbsp;&nbsp; 468737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9660670 |
| Kilroy Realty Corp.  | &nbsp;&nbsp;&nbsp; 495641 | &nbsp;&nbsp;&nbsp;&nbsp; 21421604 |
| Office Properties Income Trust  | &nbsp;&nbsp;&nbsp; 228481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3493474 |
| Orion Office REIT, Inc.  | &nbsp;&nbsp;&nbsp; 266014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2471270 |
| Paramount Group, Inc.  | &nbsp;&nbsp;&nbsp; 797078 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5196949 |
| &nbsp;&nbsp;&nbsp;&nbsp; Piedmont Office Realty Trust, Inc., <br> Class A <br>| &nbsp;&nbsp;&nbsp; 580778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6045899 |
| SL Green Realty Corp. *(a)* | &nbsp;&nbsp;&nbsp; 303054 | &nbsp;&nbsp;&nbsp;&nbsp; 12716146 |
| Veris Residential, Inc. \* | &nbsp;&nbsp;&nbsp; 373681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6001317 |
| Vornado Realty Trust  | &nbsp;&nbsp;&nbsp; 759174 | &nbsp;&nbsp;&nbsp;&nbsp; 19199510 |
|  |  | **341690495** |
| **Residential REITs 14.4%** | **Residential REITs 14.4%** | **Residential REITs 14.4%** |
| American Homes 4 Rent, Class A  | 1425499 | &nbsp;&nbsp;&nbsp;&nbsp; 47141252 |
| Apartment Income REIT Corp.  | &nbsp;&nbsp;&nbsp; 726587 | &nbsp;&nbsp;&nbsp;&nbsp; 27646635 |
| &nbsp;&nbsp;&nbsp;&nbsp; Apartment Investment & Management <br> Co., Class A <br>| &nbsp;&nbsp;&nbsp; 716969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6008200 |
| AvalonBay Communities, Inc.  | &nbsp;&nbsp;&nbsp; 658887 | &nbsp;&nbsp;&nbsp; 115239336 |
| Bluerock Homes Trust, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 16860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 413407 |
| Camden Property Trust  | &nbsp;&nbsp;&nbsp; 501955 | &nbsp;&nbsp;&nbsp;&nbsp; 60400245 |
| Centerspace  | &nbsp;&nbsp;&nbsp;&nbsp; 72361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4667284 |
| Elme Communities \* | &nbsp;&nbsp;&nbsp; 411972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8140567 |
| Equity LifeStyle Properties, Inc.  | &nbsp;&nbsp;&nbsp; 824171 | &nbsp;&nbsp;&nbsp;&nbsp; 54741438 |
| Equity Residential  | 1595050 | &nbsp;&nbsp;&nbsp; 103454943 |
| Essex Property Trust, Inc.  | &nbsp;&nbsp;&nbsp; 306862 | &nbsp;&nbsp;&nbsp;&nbsp; 67626248 |
| Independence Realty Trust, Inc.  | 1045396 | &nbsp;&nbsp;&nbsp;&nbsp; 18942576 |
| Invitation Homes, Inc.  | 2732180 | &nbsp;&nbsp;&nbsp;&nbsp; 89151033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mid-America Apartment Communities, <br> Inc. <br>| &nbsp;&nbsp;&nbsp; 543943 | &nbsp;&nbsp;&nbsp;&nbsp; 89685322 |
| NexPoint Residential Trust, Inc.  | &nbsp;&nbsp;&nbsp; 107540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5171599 |
| Sun Communities, Inc.  | &nbsp;&nbsp;&nbsp; 581089 | &nbsp;&nbsp;&nbsp;&nbsp; 85361974 |

---

**1**

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Schwab U.S. REIT ETF

**Portfolio Holdings** (Unaudited) continued

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| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| UDR, Inc.  | 1439170 | &nbsp;&nbsp;&nbsp;&nbsp; 59682380 |
| UMH Properties, Inc.  | &nbsp;&nbsp;&nbsp; 239365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4215218 |
|  |  | **847689657** |
| **Retail REITs 13.2%** | **Retail REITs 13.2%** | **Retail REITs 13.2%** |
| Acadia Realty Trust  | &nbsp;&nbsp;&nbsp; 446845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6872476 |
| Agree Realty Corp.  | &nbsp;&nbsp;&nbsp; 376130 | &nbsp;&nbsp;&nbsp;&nbsp; 26310294 |
| Brixmor Property Group, Inc.  | 1412095 | &nbsp;&nbsp;&nbsp;&nbsp; 32732362 |
| Federal Realty Investment Trust  | &nbsp;&nbsp;&nbsp; 343112 | &nbsp;&nbsp;&nbsp;&nbsp; 38119743 |
| Getty Realty Corp.  | &nbsp;&nbsp;&nbsp; 200126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6608161 |
| InvenTrust Properties Corp.  | &nbsp;&nbsp;&nbsp; 317889 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8172926 |
| Kimco Realty Corp.  | 2914315 | &nbsp;&nbsp;&nbsp;&nbsp; 66796100 |
| Kite Realty Group Trust  | 1032463 | &nbsp;&nbsp;&nbsp;&nbsp; 23540156 |
| National Retail Properties, Inc.  | &nbsp;&nbsp;&nbsp; 834553 | &nbsp;&nbsp;&nbsp;&nbsp; 38689877 |
| NETSTREIT Corp.  | &nbsp;&nbsp;&nbsp; 237598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4640289 |
| Phillips Edison & Co., Inc.  | &nbsp;&nbsp;&nbsp; 549992 | &nbsp;&nbsp;&nbsp;&nbsp; 17726242 |
| Realty Income Corp.  | 2909992 | &nbsp;&nbsp;&nbsp; 183533195 |
| Regency Centers Corp.  | &nbsp;&nbsp;&nbsp; 725666 | &nbsp;&nbsp;&nbsp;&nbsp; 48205992 |
| Retail Opportunity Investments Corp.  | &nbsp;&nbsp;&nbsp; 586670 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8946718 |
| RPT Realty  | &nbsp;&nbsp;&nbsp; 401306 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4494627 |
| Simon Property Group, Inc.  | 1542497 | &nbsp;&nbsp;&nbsp; 184235842 |
| SITE Centers Corp.  | &nbsp;&nbsp;&nbsp; 877965 | &nbsp;&nbsp;&nbsp;&nbsp; 11931544 |
| Spirit Realty Capital, Inc.  | &nbsp;&nbsp;&nbsp; 642475 | &nbsp;&nbsp;&nbsp;&nbsp; 26611315 |
| Tanger Factory Outlet Centers, Inc.  | &nbsp;&nbsp;&nbsp; 491699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9563546 |
| The Macerich Co.  | 1012332 | &nbsp;&nbsp;&nbsp;&nbsp; 12856616 |
| The Necessity Retail REIT, Inc.  | &nbsp;&nbsp;&nbsp; 627340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4190631 |
| Urban Edge Properties  | &nbsp;&nbsp;&nbsp; 553468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8706052 |
| Whitestone REIT  | &nbsp;&nbsp;&nbsp; 219462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2135365 |
|  |  | **775620069** |
| **Specialized REITs 39.8%** | **Specialized REITs 39.8%** | **Specialized REITs 39.8%** |
| American Tower Corp.  | 2193849 | &nbsp;&nbsp;&nbsp; 485389091 |
| Crown Castle, Inc.  | 2040474 | &nbsp;&nbsp;&nbsp; 288584238 |
| CubeSmart  | 1057627 | &nbsp;&nbsp;&nbsp;&nbsp; 43775182 |
| Digital Realty Trust, Inc.  | 1354262 | &nbsp;&nbsp;&nbsp; 152300304 |
| EPR Properties  | &nbsp;&nbsp;&nbsp; 353307 | &nbsp;&nbsp;&nbsp;&nbsp; 14701104 |
| Equinix, Inc.  | &nbsp;&nbsp;&nbsp; 429139 | &nbsp;&nbsp;&nbsp; 296384850 |
| Extra Space Storage, Inc.  | &nbsp;&nbsp;&nbsp; 630988 | &nbsp;&nbsp;&nbsp; 101393462 |
| Farmland Partners, Inc.  | &nbsp;&nbsp;&nbsp; 227770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3024786 |
| Four Corners Property Trust, Inc.  | &nbsp;&nbsp;&nbsp; 383591 | &nbsp;&nbsp;&nbsp;&nbsp; 10410660 |
| Gaming & Leisure Properties, Inc.  | 1203794 | &nbsp;&nbsp;&nbsp;&nbsp; 63331602 |
| Gladstone Land Corp.  | &nbsp;&nbsp;&nbsp; 150111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3083280 |
| Iron Mountain, Inc.  | 1369710 | &nbsp;&nbsp;&nbsp;&nbsp; 74416344 |
| Lamar Advertising Co., Class A  | &nbsp;&nbsp;&nbsp; 410493 | &nbsp;&nbsp;&nbsp;&nbsp; 41106769 |
| Life Storage, Inc.  | &nbsp;&nbsp;&nbsp; 397604 | &nbsp;&nbsp;&nbsp;&nbsp; 42738454 |
| National Storage Affiliates Trust  | &nbsp;&nbsp;&nbsp; 402227 | &nbsp;&nbsp;&nbsp;&nbsp; 16012657 |
| Outfront Media, Inc.  | &nbsp;&nbsp;&nbsp; 688036 | &nbsp;&nbsp;&nbsp;&nbsp; 12584178 |

---

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| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| PotlatchDeltic Corp.  | &nbsp;&nbsp;&nbsp; 379781 | &nbsp;&nbsp;&nbsp;&nbsp; 18149734 |
| Public Storage  | &nbsp;&nbsp;&nbsp; 744436 | &nbsp;&nbsp;&nbsp; 221812151 |
| Rayonier, Inc.  | &nbsp;&nbsp;&nbsp; 689938 | &nbsp;&nbsp;&nbsp;&nbsp; 24754975 |
| Safehold, Inc.  | &nbsp;&nbsp;&nbsp; 112723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3327583 |
| SBA Communications Corp.  | &nbsp;&nbsp;&nbsp; 508319 | &nbsp;&nbsp;&nbsp; 152139877 |
| Uniti Group, Inc.  | 1117615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8516226 |
| VICI Properties, Inc.  | 4538068 | &nbsp;&nbsp;&nbsp; 155201926 |
| Weyerhaeuser Co.  | 3488377 | &nbsp;&nbsp;&nbsp; 114104812 |
|  |  | **2347244245** |
| **Total Common Stocks**<br> **(Cost $5,860,781,059)** | **Total Common Stocks**<br> **(Cost $5,860,781,059)** | **5890617942** |

---

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

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 0.2% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.2% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 0.2% OF NET ASSETS |
| **Money Market Funds 0.2%** | **Money Market Funds 0.2%** | **Money Market Funds 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.66% *(b)*<br>| 1387551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1387551 |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund, Premier Class 3.66% *(b)(c)*<br>| 9707000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9707000 |
|  |  | **11094551** |
| **Total Short-Term Investments**<br> **(Cost $11,094,551)** | **Total Short-Term Investments**<br> **(Cost $11,094,551)** | **11094551** |
| **Total Investments in Securities**<br> **(Cost $5,871,875,610)** | **Total Investments in Securities**<br> **(Cost $5,871,875,610)** | **5901712493** |

---

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

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| | | | |
|:---|:---|:---|:---|
|  | 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; Dow Jones U.S. Real Estate <br> Index, expires 12/16/22<br>| 155 | 5364550 | **124975** |

---

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

\* Non-income producing security.

*(a)* All or a portion of this security is on loan. Securities on loan were valued at $9,583,664. 

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

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

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

REIT — Real Estate Investment Trust

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

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**2** 

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Schwab U.S. REIT ETF

**Portfolio Holdings** (Unaudited) continued

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The following is a summary of the inputs used to value the fund's investments as of November 30, 2022:

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| | | | | |
|:---|:---|:---|:---|:---|
| 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 |
| **Asset** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $5890617942 | $— | $— | $5890617942 |
| Short-Term Investments<sup>1</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11094551 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11094551 |
| Futures Contracts<sup>2</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124975 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 124975 |
| **Total** | **$5901837468** | **$—** | **$—** | **$5901837468** |

---

&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.

Fund investments in mutual funds are classified as Level 1, without consideration to the classification level of the underlying securities held by the mutual funds, which could be Level 1, Level 2 or Level 3.

**3**

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Schwab U.S. REIT ETF

**Notes to Portfolio Holdings (Unaudited)** 

------

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

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

• **Futures contracts:** Futures contracts are valued at their settlement prices as of the close of their exchanges.

• **Mutual funds:** Mutual funds are valued at their respective net asset values (NAVs).

&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 the fund's securities when market prices are not "readily available" or are unreliable. For example, a security may be fair valued when it is 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 the 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 fund discloses the fair value of its 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, and whose values are therefore classified as Level 1 prices, include active listed equities, mutual funds and futures contracts. Investments in mutual funds are valued daily at their NAVs. Mutual funds are classified as Level 1 prices, without consideration to the classification level of the underlying securities held by an underlying fund.

&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 U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain mortgage products, less liquid listed equities, and state, municipal and provincial obligations.

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

**4** 

------

Schwab U.S. REIT ETF

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

------

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

REG66362NOV22

**5**

------

## 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:** 211 MAIN 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 U.S. REIT ETF

- **b. EDGAR series identifier (if any):** S000030518

- **c. LEI of Series:** 549300OLDKO120DR6467

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5889374105.48

**Total Liabilities:** $5305411.78

**Net Assets:** $5884068693.70

**Cash Not Reported:** $895483.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000094080 | -12.74%              | 3.43%                | 6.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-19753849.97            | $-767837335.23                             |
| Month 2  | $1629384.31              | $172434489.20                              |
| Month 3  | $4198445.18              | $317067369.58                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Global Medical REIT Inc                                    | Global Medical REIT Inc                                    | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               |  | US        |    289011 | NS      | $2919011.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc                              | Independence Realty Trust Inc                              | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               |  | US        |   1043405 | NS      | $18906498.60  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc                             | Omega Healthcare Investors Inc                             | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               |  | US        |   1101030 | NS      | $33339188.40  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                         | Equity Residential                                         | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               |  | US        |   1592014 | NS      | $103258028.04 | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| STORE Capital Corp                                         | STORE Capital Corp                                         | CUSIP: 862121100<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | EC               |  | US        |   1249696 | NS      | $39865302.40  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                              | Welltower Inc                                              | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               |  | US        |   2179243 | NS      | $154791630.29 | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Office REIT Inc                                      | Orion Office REIT Inc                                      | CUSIP: 68629Y103<br>LEI: N/A                  | Long             | EC               |  | US        |    265508 | NS      | $2466569.32   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Factory Outlet Centers Inc                          | Tanger Factory Outlet Centers Inc                          | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               |  | US        |    490764 | NS      | $9545359.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                                   | Highwoods Properties Inc                                   | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |    494384 | NS      | $14732643.20  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                                         | Realty Income Corp                                         | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               |  | US        |   2904448 | NS      | $183183535.36 | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                                               | Safehold Inc                                               | CUSIP: 78645L100<br>LEI: 549300MHMP6BIE0XV355 | Long             | EC               |  | US        |     81748 | NS      | $2413200.96   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc                      | Essential Properties Realty Trust Inc                      | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               |  | US        |    664190 | NS      | $15415849.90  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc                            | Four Corners Property Trust Inc                            | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               |  | US        |    382865 | NS      | $10390956.10  | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                                               | WP Carey Inc                                               | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               |  | US        |    976090 | NS      | $76915892.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                                    | UDR Inc                                                    | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |   1436431 | NS      | $59568793.57  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                                 | Ventas Inc                                                 | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |   1879879 | NS      | $87470769.87  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                                         | UMH Properties Inc                                         | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               |  | US        |    238914 | NS      | $4207275.54   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Americold Realty Trust Inc                                 | Americold Realty Trust Inc                                 | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               |  | US        |   1266830 | NS      | $37814875.50  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                                       | Regency Centers Corp                                       | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |    724291 | NS      | $48114651.13  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties Inc                         | Easterly Government Properties Inc                         | CUSIP: 27616P103<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               |  | US        |    427501 | NS      | $6771615.84   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                                       | Global Net Lease Inc                                       | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               |  | US        |    487209 | NS      | $6591937.77   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                                            | Whitestone REIT                                            | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               |  | US        |    219044 | NS      | $2131298.12   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                                                  | CubeSmart                                                  | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |   1055614 | NS      | $43691863.46  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                                        | Sun Communities Inc                                        | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |    579989 | NS      | $85200384.10  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                                | Centerspace                                                | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               |  | US        |     72229 | NS      | $4658770.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmland Partners Inc                                      | Farmland Partners Inc                                      | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               | CORP              | US        |    227341 | NS      | $3019088.48   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                                          | RLJ Lodging Trust                                          | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               |  | US        |    765207 | NS      | $9274308.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties Inc                                      | Boston Properties Inc                                      | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |    670803 | NS      | $48351480.24  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                               | Prologis Inc                                               | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |   4342058 | NS      | $511451011.82 | 8.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc                                   | Phillips Edison & Co Inc                                   | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               |  | US        |    548947 | NS      | $17692561.81  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                      | American Homes 4 Rent                                      | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |   1422782 | NS      | $47051400.74  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties Inc                       | Innovative Industrial Properties Inc                       | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               |  | US        |    131573 | NS      | $15947963.33  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc                          | Gaming and Leisure Properties Inc                          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               |  | US        |   1201506 | NS      | $63211230.66  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co                                 | DiamondRock Hospitality Co                                 | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               |  | US        |    991894 | NS      | $9333722.54   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                                        | Acadia Realty Trust                                        | CUSIP: 004239109<br>LEI: N/A                  | Long             | EC               |  | US        |    445998 | NS      | $6859449.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc                              | Empire State Realty Trust Inc                              | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               |  | US        |    626134 | NS      | $4827493.14   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                               | Rayonier Inc                                               | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               |  | US        |    688629 | NS      | $24708008.52  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp                                        | Terreno Realty Corp                                        | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               |  | US        |    312682 | NS      | $18335672.48  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| iStar Inc                                                  | iStar Inc                                                  | CUSIP: 45031U101<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               |  | US        |    401156 | NS      | $3221282.68   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp                                 | InvenTrust Properties Corp                                 | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               |  | US        |    317284 | NS      | $8157371.64   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Physicians Realty Trust                                    | Physicians Realty Trust                                    | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               |  | US        |   1064909 | NS      | $15899091.37  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                                 | Xenia Hotels & Resorts Inc                                 | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               |  | US        |    538047 | NS      | $8296684.74   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Necessity Retail REIT Inc/The                              | Necessity Retail REIT Inc/The                              | CUSIP: 02607T109<br>LEI: 549300GN4H0K3IUS8983 | Long             | EC               |  | US        |    626152 | NS      | $4182695.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                        | American Tower Corp                                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |   2189669 | NS      | $484464266.25 | 8.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                                    | Kite Realty Group Trust                                    | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               |  | US        |   1030494 | NS      | $23495263.20  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust                            | Federal Realty Investment Trust                            | CUSIP: 313745101<br>LEI: 549300LI6XZ51GOCJ427 | Long             | EC               |  | US        |    342463 | NS      | $38047639.30  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc                        | Alexandria Real Estate Equities Inc                        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |    698325 | NS      | $108666353.25 | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                                    | Brandywine Realty Trust                                    | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               |  | US        |    806933 | NS      | $5575907.03   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc                           | Ryman Hospitality Properties Inc                           | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               |  | US        |    259392 | NS      | $23742149.76  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Diversified Healthcare Trust                               | Diversified Healthcare Trust                               | CUSIP: 25525P107<br>LEI: N/A                  | Long             | EC               |  | US        |   1123488 | NS      | $1112253.12   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                                       | JBG SMITH Properties                                       | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               |  | US        |    467846 | NS      | $9642306.06   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                                  | American Assets Trust Inc                                  | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               |  | US        |    244998 | NS      | $7175991.42   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1387551 | NS      | $1387550.90   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                                       | Lamar Advertising Co                                       | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |    409712 | NS      | $41028559.68  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                           | Crown Castle Inc                                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |   2036591 | NS      | $288035065.13 | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                                 | Brixmor Property Group Inc                                 | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               |  | US        |   1409411 | NS      | $32670146.98  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                                         | LTC Properties Inc                                         | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               |  | US        |    190620 | NS      | $7489459.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Corporate Office Properties Trust                          | Corporate Office Properties Trust                          | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               |  | US        |    528730 | NS      | $14682832.10  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                             | Public Storage                                             | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |    743017 | NS      | $221389345.32 | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                                  | Host Hotels & Resorts Inc                                  | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |   3362161 | NS      | $63679329.34  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                               | Sunstone Hotel Investors Inc                               | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               |  | US        |    997730 | NS      | $10965052.70  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc                               | Plymouth Industrial REIT Inc                               | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               |  | US        |    171813 | NS      | $3556529.10   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                             | EPR Properties                                             | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |    352636 | NS      | $14673183.96  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                                   | Broadstone Net Lease Inc                                   | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               |  | US        |    813705 | NS      | $13808573.85  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                                         | Douglas Emmett Inc                                         | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               |  | US        |    826246 | NS      | $14310580.72  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Real Estate Investment Trust                    | Elme Communities                                           | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               |  | US        |    411191 | NS      | $8125134.16   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage Inc                                           | Life Storage Inc                                           | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               |  | US        |    396856 | NS      | $42658051.44  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc                                 | Sabra Health Care REIT Inc                                 | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |   1085773 | NS      | $14017329.43  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                                          | Kimco Realty Corp                                          | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               |  | US        |   2908760 | NS      | $66668779.20  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                                    | Pebblebrook Hotel Trust                                    | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               |  | US        |    617880 | NS      | $10287702.00  | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional US Government Money Market Fund | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   9707000 | NS      | $9707000.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc                                    | Alexander & Baldwin Inc                                    | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    341511 | NS      | $6744842.25   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc                          | First Industrial Realty Trust Inc                          | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               |  | US        |    621122 | NS      | $31397717.10  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc                              | National Health Investors Inc                              | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               |  | US        |    210048 | NS      | $11817300.48  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc                              | Hudson Pacific Properties Inc                              | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               |  | US        |    606788 | NS      | $7014469.28   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                                   | Essex Property Trust Inc                                   | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |    306279 | NS      | $67497766.02  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit Realty Capital Inc                                  | Spirit Realty Capital Inc                                  | CUSIP: 84860W300<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EC               |  | US        |    641254 | NS      | $26560740.68  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashford Hospitality Trust Inc                              | Ashford Hospitality Trust Inc                              | CUSIP: 044103869<br>LEI: N/A                  | Long             | EC               |  | US        |    162493 | NS      | $1057829.43   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                                      | Camden Property Trust                                      | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               |  | US        |    500998 | NS      | $60285089.34  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc                                          | Iron Mountain Inc                                          | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               |  | US        |   1367103 | NS      | $74274705.99  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                                       | Vornado Realty Trust                                       | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |    757733 | NS      | $19163067.57  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The                                            | Macerich Co/The                                            | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               |  | US        |   1010407 | NS      | $12832168.90  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                                    | SBA Communications Corp                                    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |    507351 | NS      | $151850154.30 | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties Inc                                | Summit Hotel Properties Inc                                | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               |  | US        |    502061 | NS      | $4292621.55   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Investment and Management Co                     | Apartment Investment and Management Co                     | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               |  | US        |    715605 | NS      | $5996769.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                                          | SITE Centers Corp                                          | CUSIP: 82981J109<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               |  | US        |    876293 | NS      | $11908821.87  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Office Realty Trust Inc                           | Piedmont Office Realty Trust Inc                           | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               |  | US        |    579678 | NS      | $6034447.98   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                                  | AvalonBay Communities Inc                                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |    657633 | NS      | $115020011.70 | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                                          | Getty Realty Corp                                          | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               |  | US        |    199752 | NS      | $6595811.04   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp                                        | PotlatchDeltic Corp                                        | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               |  | US        |    379066 | NS      | $18115564.14  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                                      | Urban Edge Properties                                      | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               |  | US        |    552423 | NS      | $8689613.79   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| RPT Realty                                                 | RPT Realty                                                 | CUSIP: 74971D101<br>LEI: 549300T03GDH1L37S188 | Long             | EC               |  | US        |    400547 | NS      | $4486126.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                                 | Apple Hospitality REIT Inc                                 | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               |  | US        |   1001415 | NS      | $17084139.90  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Bluerock Homes Trust Inc                                   | Bluerock Homes Trust Inc                                   | CUSIP: 09631H100<br>LEI: N/A                  | Long             | EC               |  | US        |     16838 | NS      | $412867.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                                         | Outfront Media Inc                                         | CUSIP: 69007J106<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |    686727 | NS      | $12560236.83  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Logistics Properties Trust                      | Industrial Logistics Properties Trust                      | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               |  | US        |    308003 | NS      | $1253572.21   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust                          | National Storage Affiliates Trust                          | CUSIP: 637870106<br>LEI: N/A                  | Long             | EC               |  | US        |    401468 | NS      | $15982441.08  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                         | Kilroy Realty Corp                                         | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |    494706 | NS      | $21381193.32  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Group Inc                                        | Paramount Group Inc                                        | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               |  | US        |    795560 | NS      | $5187051.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                                        | VICI Properties Inc                                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |   4529411 | NS      | $154905856.20 | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp                                             | NETSTREIT Corp                                             | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               |  | US        |    237147 | NS      | $4631480.91   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                   | Simon Property Group Inc                                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |   1539560 | NS      | $183885046.40 | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Properties Trust                                   | Service Properties Trust                                   | CUSIP: 81761L102<br>LEI: 529900IS770AG1K9QG27 | Long             | EC               |  | US        |    777013 | NS      | $6099552.05   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chatham Lodging Trust                                      | Chatham Lodging Trust                                      | CUSIP: 16208T102<br>LEI: N/A                  | Long             | EC               |  | US        |    229228 | NS      | $3064778.36   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                                       | LXP Industrial Trust                                       | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               |  | US        |   1316531 | NS      | $14165873.56  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Office Properties Income Trust                             | Office Properties Income Trust                             | CUSIP: 67623C109<br>LEI: N/A                  | Long             | EC               |  | US        |    228052 | NS      | $3486915.08   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                                          | Agree Realty Corp                                          | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               |  | US        |    375415 | NS      | $26260279.25  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| National Retail Properties Inc                             | National Retail Properties Inc                             | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               |  | US        |    832969 | NS      | $38616442.84  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc                              | Armada Hoffler Properties Inc                              | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               |  | US        |    318476 | NS      | $3869483.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust Inc                             | NexPoint Residential Trust Inc                             | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               |  | US        |    107342 | NS      | $5162076.78   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                                   | EastGroup Properties Inc                                   | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |    204884 | NS      | $31806192.16  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income REIT Corp                                 | Apartment Income REIT Corp                                 | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               |  | US        |    725201 | NS      | $27593898.05  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc                               | Medical Properties Trust Inc                               | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               |  | US        |   2817237 | NS      | $36962149.44  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communities Inc                      | Mid-America Apartment Communities Inc                      | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |    542909 | NS      | $89514835.92  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                                   | Digital Realty Trust Inc                                   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |   1351688 | NS      | $152010832.48 | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential Inc                                      | Veris Residential Inc                                      | CUSIP: 554489104<br>LEI: N/A                  | Long             | EC               |  | US        |    372977 | NS      | $5990010.62   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                                        | STAG Industrial Inc                                        | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |    842865 | NS      | $27738687.15  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                                            | Uniti Group Inc                                            | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               |  | US        |   1115492 | NS      | $8500049.04   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Weyerhaeuser Co                                            | Weyerhaeuser Co                                            | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |   3481733 | NS      | $113887486.43 | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                                    | Extra Space Storage Inc                                    | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               |  | US        |    629789 | NS      | $101200794.41 | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                              | Rexford Industrial Realty Inc                              | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               |  | US        |    804502 | NS      | $44480915.58  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Retail Opportunity Investments Corp                        | Retail Opportunity Investments Corp                        | CUSIP: 76131N101<br>LEI: N/A                  | Long             | EC               |  | US        |    585559 | NS      | $8929774.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                                       | SL Green Realty Corp                                       | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               |  | US        |    302482 | NS      | $12692144.72  | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Gladstone Land Corp                                        | Gladstone Land Corp                                        | CUSIP: 376549101<br>LEI: 54930002B3Q17H38FG74 | Long             | EC               |  | US        |    149825 | NS      | $3077405.50   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                                | Healthcare Realty Trust Inc                                | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |   1789762 | NS      | $36743813.86  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| City Office REIT Inc                                       | City Office REIT Inc                                       | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               |  | US        |    195021 | NS      | $1928757.69   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                                | Equinix Inc                                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |    428325 | NS      | $295822661.25 | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                                  | Healthpeak Properties Inc                                  | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               |  | US        |   2537701 | NS      | $66640028.26  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc                                     | Cousins Properties Inc                                     | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |    712315 | NS      | $18790869.70  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc                            | Equity LifeStyle Properties Inc                            | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               |  | US        |    822609 | NS      | $54637689.78  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                                         | CareTrust REIT Inc                                         | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               |  | US        |    456430 | NS      | $9037314.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc                                  | Park Hotels & Resorts Inc                                  | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               |  | US        |   1057532 | NS      | $13568135.56  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                                       | Invitation Homes Inc                                       | CUSIP: 46187W107<br>LEI: 984500FE452E665C9F85 | Long             | EC               |  | US        |   2726977 | NS      | $88981259.51  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                                        | Equity Commonwealth                                        | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               |  | US        |    523188 | NS      | $14173162.92  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                     | DJ US REAL ESTATE DEC22                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               |  | US        |       155 | NC      | $124975.23    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-27

**Name of Applicant:** SCHWAB STRATEGIC TRUST

**Signature:** Mark Fischer

**Name of Signer:** Mark Fischer

**Title:** CFO