# EDGAR Filing Document

**Accession Number:** 0001454889
**File Stem:** 0001752724-25-201741
**Filing Date:** 2025-8
**Character Count:** 39482
**Document Hash:** c93663f7e37823580e1e46cec8e9dc7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-201741.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-201741

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22311
- **FILM NUMBER:** 251249668

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

Schwab Strategic Trust

Schwab Ariel ESG ETF

------

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

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

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **COMMON STOCKS** 98.7% OF NET ASSETS | **COMMON STOCKS** 98.7% OF NET ASSETS | **COMMON STOCKS** 98.7% OF NET ASSETS |
| **Automobiles & Components 1.9%** | **Automobiles & Components 1.9%** | **Automobiles & Components 1.9%** |
| Gentex Corp.  | 17192 | 378052 |
| Phinia, Inc.  | 1460 | 64955 |
|  |  | **443007** |
| **Banks 1.4%** | **Banks 1.4%** | **Banks 1.4%** |
| M&T Bank Corp.  | 1704 | **330559** |
| **Capital Goods 13.7%** | **Capital Goods 13.7%** | **Capital Goods 13.7%** |
| Generac Holdings, Inc. \* | 3901 | 558662 |
| Kennametal, Inc.  | 16813 | 386026 |
| Masco Corp.  | 3741 | 240771 |
| Middleby Corp. \* | 3457 | 497808 |
| nVent Electric PLC  | 6303 | 461695 |
| Resideo Technologies, Inc. \* | 25847 | 570185 |
| Simpson Manufacturing Co., Inc.  | 1530 | 237624 |
| Snap-on, Inc.  | 917 | 285352 |
|  |  | **3238123** |
| **Commercial & Professional Services 6.8%** | **Commercial & Professional Services 6.8%** | **Commercial & Professional Services 6.8%** |
| Brady Corp., Class A  | 3660 | 248770 |
| Brink's Co.  | 10599 | 946385 |
| Dun & Bradstreet Holdings, Inc.  | 19393 | 176283 |
| Korn Ferry  | 3116 | 228496 |
|  |  | **1599934** |
| **Consumer Discretionary Distribution & Retail 1.0%** | **Consumer Discretionary Distribution & Retail 1.0%** | **Consumer Discretionary Distribution & Retail 1.0%** |
| CarMax, Inc. \* | 3084 | 207276 |
| Leslie's, Inc. \* | 89927 | 37760 |
|  |  | **245036** |
| **Consumer Durables & Apparel 2.9%** | **Consumer Durables & Apparel 2.9%** | **Consumer Durables & Apparel 2.9%** |
| Mattel, Inc. \* | 23014 | 453836 |
| Mohawk Industries, Inc. \* | 2160 | 226455 |
|  |  | **680291** |
| **Consumer Services 17.0%** | **Consumer Services 17.0%** | **Consumer Services 17.0%** |
| ADT, Inc.  | 41621 | 352530 |
| Adtalem Global Education, Inc. \* | 2859 | 363751 |
| Lindblad Expeditions Holdings, Inc. \* | 87072 | 1016130 |
| Norwegian Cruise Line Holdings Ltd. \* | 48150 | 976482 |
| OneSpaWorld Holdings Ltd.  | 64592 | 1317030 |
|  |  | **4025923** |
| **Financial Services 15.6%** | **Financial Services 15.6%** | **Financial Services 15.6%** |
| Carlyle Group, Inc.  | 6407 | 329320 |
| Fiserv, Inc. \* | 5405 | 931876 |
| Goldman Sachs Group, Inc.  | 484 | 342551 |
| KKR & Co., Inc.  | 4209 | 559923 |
| Lazard, Inc.  | 8758 | 420209 |

---

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| Northern Trust Corp.  | 5630 | 713828 |
| WEX, Inc. \* | 2691 | 395281 |
|  |  | **3692988** |
| **Food, Beverage & Tobacco 1.0%** | **Food, Beverage & Tobacco 1.0%** | **Food, Beverage & Tobacco 1.0%** |
| J.M. Smucker Co.  | 2298 | **225664** |
| **Health Care Equipment & Services 4.0%** | **Health Care Equipment & Services 4.0%** | **Health Care Equipment & Services 4.0%** |
| Envista Holdings Corp. \* | 17591 | 343728 |
| Labcorp Holdings, Inc.  | 1339 | 351501 |
| Zimmer Biomet Holdings, Inc.  | 2820 | 257212 |
|  |  | **952441** |
| **Household & Personal Products 0.6%** | **Household & Personal Products 0.6%** | **Household & Personal Products 0.6%** |
| Reynolds Consumer Products, Inc.  | 7096 | **151996** |
| **Insurance 4.4%** | **Insurance 4.4%** | **Insurance 4.4%** |
| Aflac, Inc.  | 2246 | 236863 |
| First American Financial Corp.  | 9612 | 590081 |
| Progressive Corp.  | 785 | 209485 |
|  |  | **1036429** |
| **Materials 1.2%** | **Materials 1.2%** | **Materials 1.2%** |
| Axalta Coating Systems Ltd. \* | 9444 | **280392** |
| **Media & Entertainment 7.3%** | **Media & Entertainment 7.3%** | **Media & Entertainment 7.3%** |
| Interpublic Group of Cos., Inc.  | 9362 | 229182 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison Square Garden Entertainment <br> Corp., Class A \*<br>| 7918 | 316482 |
| Madison Square Garden Sports Corp. \* | 1464 | 305903 |
| Manchester United PLC, Class A \* | 21221 | 377946 |
| Paramount Global, Class B  | 13532 | 174563 |
| Sphere Entertainment Co. \* | 7657 | 320062 |
|  |  | **1724138** |
| **Pharmaceuticals, Biotechnology & Life Sciences 5.2%** | **Pharmaceuticals, Biotechnology & Life Sciences 5.2%** | **Pharmaceuticals, Biotechnology & Life Sciences 5.2%** |
| Bio-Rad Laboratories, Inc., Class A \* | 1220 | 294410 |
| &nbsp;&nbsp;&nbsp;&nbsp; Charles River Laboratories International, <br> Inc. \*<br>| 2513 | 381298 |
| Prestige Consumer Healthcare, Inc. \* | 6880 | 549368 |
|  |  | **1225076** |
| **Real Estate Management & Development 4.2%** | **Real Estate Management & Development 4.2%** | **Real Estate Management & Development 4.2%** |
| CBRE Group, Inc., Class A \* | 2908 | 407469 |
| Jones Lang LaSalle, Inc. \* | 2330 | 595967 |
|  |  | **1003436** |
| **Software & Services 2.6%** | **Software & Services 2.6%** | **Software & Services 2.6%** |
| Fair Isaac Corp. \* | 224 | 409463 |
| Hackett Group, Inc.  | 7659 | 194692 |
|  |  | **604155** |

---

**1**

------

Schwab Ariel ESG ETF

**Portfolio Holdings** (Unaudited) continued

------

---

| | | |
|:---|:---|:---|
| SECURITY | NUMBER<br> OF SHARES<br>| VALUE ($) |
| **Technology Hardware & Equipment 7.9%** | **Technology Hardware & Equipment 7.9%** | **Technology Hardware & Equipment 7.9%** |
| Keysight Technologies, Inc. \* | 2525 | 413747 |
| Knowles Corp. \* | 20579 | 362602 |
| Littelfuse, Inc.  | 1437 | 325811 |
| Motorola Solutions, Inc.  | 764 | 321231 |
| Zebra Technologies Corp., Class A \* | 1405 | 433246 |
|  |  | **1856637** |
| **Total Common Stocks**<br> **(Cost $20,918,600)** | **Total Common Stocks**<br> **(Cost $20,918,600)** | **23316225** |

---

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

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** 1.3% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 1.3% OF NET ASSETS | **SHORT-TERM INVESTMENTS** 1.3% OF NET ASSETS |
| **Money Market Funds 1.3%** | **Money Market Funds 1.3%** | **Money Market Funds 1.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government <br> Money Market Fund, Premier Class <br> 4.27% *(a)*<br>| 296039 | **296039** |
| **Total Short-Term Investments**<br> **(Cost $296,039)** | **Total Short-Term Investments**<br> **(Cost $296,039)** | **296039** |
| **Total Investments in Securities**<br> **(Cost $21,214,639)** | **Total Investments in Securities**<br> **(Cost $21,214,639)** | **23612264** |

---

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

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

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

------

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| DESCRIPTION | QUOTED PRICES IN<br> ACTIVE MARKETS FOR<br> IDENTICAL ASSETS<br> (LEVEL 1)<br>| &nbsp;&nbsp; OTHER SIGNIFICANT<br> OBSERVABLE INPUTS<br> (LEVEL 2)<br>| &nbsp;&nbsp; SIGNIFICANT<br> UNOBSERVABLE INPUTS<br> (LEVEL 3)<br>| TOTAL |
| **Assets** |  |  |  |  |
| Common Stocks<sup>1</sup> <br>| $23316225 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $23316225 |
| Short-Term Investments<sup>1</sup> <br>| 296039 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 296039 |
| **Total** | **$23612264** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$23612264** |

---

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

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

**2**

------

Schwab Ariel ESG ETF

**Notes to Portfolio Holdings (Unaudited)** 

------

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the 1940 Act), the Board of Trustees (the Board) has designated authority to a Valuation Designee, the 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 as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.

Securities held in the 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.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● **Securities for which no quoted value is available:** The Valuation Designee has adopted procedures to fair value the 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 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. These generally include active listed equities, mutual funds, exchange-traded funds (ETFs) and futures contracts. Mutual funds and ETFs are classified as Level 1 prices, without consideration to the classification level of the underlying securities held which could be Level 1, Level 2 or Level 3 in the fair value hierarchy.

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

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

REG117329JUN25

**3**

------

## 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 Ariel ESG ETF

- **b. EDGAR series identifier (if any):** S000072244

- **c. LEI of Series:** 54930094NCCVIUH3GM08

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $23622924.92

**Total Liabilities:** $10605.39

**Net Assets:** $23612319.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228159 | -5.76%               | 4.90%                | 6.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10033.18                | $-1358315.29                               |
| Month 2  | $111619.61               | $1004698.43                                |
| Month 3  | $-4462.48                | $1485232.26                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Charles River Laboratories International Inc               | Charles River Laboratories International Inc               | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      2513 | NS      | $381297.49    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                                    | Zebra Technologies Corp                                    | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      1405 | NS      | $433245.80    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                       | Progressive Corp/The                                       | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       785 | NS      | $209485.10    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                                     | Jones Lang LaSalle Inc                                     | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      2330 | NS      | $595967.40    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc                           | Prestige Consumer Healthcare Inc                           | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6880 | NS      | $549368.00    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                                        | Northern Trust Corp                                        | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      5630 | NS      | $713827.70    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co                                    | Sphere Entertainment Co                                    | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |      7657 | NS      | $320062.60    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                                         | nVent Electric PLC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      6303 | NS      | $461694.75    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Manchester United Plc                                      | Manchester United Plc                                      | CUSIP: 000000000<br>LEI: 529900GWGZPE83MJOV59 | Long             | EC               | CORP              | KY        |     21221 | NS      | $377946.01    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Leslie's Inc                                               | Leslie's Inc                                               | CUSIP: 527064109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89927 | NS      | $37760.35     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                                 | Masco Corp                                                 | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      3741 | NS      | $240770.76    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                              | First American Financial Corp                              | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |      9612 | NS      | $590080.68    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                                                | Snap-on Inc                                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |       917 | NS      | $285352.06    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Holdings Inc                              | Dun & Bradstreet Holdings Inc                              | CUSIP: 26484T106<br>LEI: 254900LNALVKD1ZX7U27 | Long             | EC               | CORP              | US        |     19393 | NS      | $176282.37    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Ltd                                 | Axalta Coating Systems Ltd                                 | CUSIP: 000000000<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |      9444 | NS      | $280392.36    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp                          | Madison Square Garden Sports Corp                          | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1464 | NS      | $305902.80    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                                      | Carlyle Group Inc/The                                      | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |      6407 | NS      | $329319.80    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                                 | Zimmer Biomet Holdings Inc                                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      2820 | NS      | $257212.20    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                                         | J M Smucker Co/The                                         | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      2298 | NS      | $225663.60    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                                             | Brink's Co/The                                             | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     10599 | NS      | $946384.71    | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                                             | CBRE Group Inc                                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      2908 | NS      | $407468.96    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                                 | Fiserv Inc                                                 | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      5405 | NS      | $931876.05    | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                                               | Knowles Corp                                               | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     20579 | NS      | $362601.98    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                                       | Generac Holdings Inc                                       | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      3901 | NS      | $558662.21    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                                                 | Phinia Inc                                                 | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |      1460 | NS      | $64955.40     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                                           | Paramount Global                                           | CUSIP: 92556H206<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | EC               | CORP              | US        |     13532 | NS      | $174562.80    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                                             | Kennametal Inc                                             | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |     16813 | NS      | $386026.48    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                                   | Resideo Technologies Inc                                   | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     25847 | NS      | $570184.82    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                                              | M&T Bank Corp                                              | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      1704 | NS      | $330558.96    | 1.40%             |  |  |  | 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        |    296039 | NS      | $296038.73    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertainment Corp                   | Madison Square Garden Entertainment Corp                   | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7918 | NS      | $316482.46    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                               | Adtalem Global Education Inc                               | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      2859 | NS      | $363750.57    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                               | Simpson Manufacturing Co Inc                               | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      1530 | NS      | $237624.30    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd                         | Norwegian Cruise Line Holdings Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     48150 | NS      | $976482.00    | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                                       | Labcorp Holdings Inc                                       | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1339 | NS      | $351500.89    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                                 | Lazard Inc                                                 | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |      8758 | NS      | $420208.84    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                                 | Mattel Inc                                                 | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     23014 | NS      | $453836.08    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings Inc                          | Lindblad Expeditions Holdings Inc                          | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |     87072 | NS      | $1016130.24   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                             | Littelfuse Inc                                             | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      1437 | NS      | $325811.01    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                                 | Korn Ferry                                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |      3116 | NS      | $228496.28    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                                      | Envista Holdings Corp                                      | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     17591 | NS      | $343728.14    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                                | Goldman Sachs Group Inc/The                                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       484 | NS      | $342551.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd                                   | OneSpaWorld Holdings Ltd                                   | CUSIP: 000000000<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |     64592 | NS      | $1317030.88   | 5.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                                          | Middleby Corp/The                                          | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      3457 | NS      | $497808.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                                                  | Aflac Inc                                                  | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      2246 | NS      | $236863.16    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                                 | CarMax Inc                                                 | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |      3084 | NS      | $207275.64    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                               | KKR & Co Inc                                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |      4209 | NS      | $559923.27    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                                    | WEX Inc                                                    | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      2691 | NS      | $395280.99    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                                | Gentex Corp                                                | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     17192 | NS      | $378052.08    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT Inc                                                    | ADT Inc                                                    | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41621 | NS      | $352529.87    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc/The                                      | Hackett Group Inc/The                                      | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |      7659 | NS      | $194691.78    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc                                   | Bio-Rad Laboratories Inc                                   | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      1220 | NS      | $294410.40    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                                  | Keysight Technologies Inc                                  | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      2525 | NS      | $413746.50    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                                 | Brady Corp                                                 | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |      3660 | NS      | $248770.20    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpublic Group of Cos Inc/The                           | Interpublic Group of Cos Inc/The                           | CUSIP: 460690100<br>LEI: 5493008IUOJ5VWTRC333 | Long             | EC               | CORP              | US        |      9362 | NS      | $229181.76    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                                     | Motorola Solutions Inc                                     | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       764 | NS      | $321231.44    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                            | Fair Isaac Corp                                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       224 | NS      | $409463.04    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries Inc                                      | Mohawk Industries Inc                                      | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      2160 | NS      | $226454.40    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products Inc                             | Reynolds Consumer Products Inc                             | CUSIP: 76171L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7096 | NS      | $151996.32    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-28

**Name of Applicant:** SCHWAB STRATEGIC TRUST

**Signature:** Dana Smith

**Name of Signer:** Dana Smith

**Title:** CFO