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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-22311
Schwab Strategic Trust
(Exact name of registrant as specified in charter)
211 Main Street, San Francisco, California 94105
(Address of principal executive offices) (Zip code)
Marie Chandoha
Schwab Strategic Trust
211 Main Street, San Francisco, California 94105
(Name and address of agent for service)
Registrant’s telephone number, including area code: (415) 636-7000
Date of fiscal year end: August 31
Date of reporting period: August 31, 2014
Item 1: Report(s) to Shareholders.
Table of Contents
Annual report dated August 31, 2014, enclosed.
Schwab International Equity ETFs
Schwab International
Equity ETFtm
Schwab International Small-Cap
Equity ETFtm
Schwab Emerging Markets
Equity ETFtm
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Table of Contents
This wrapper is not part of the shareholder report.
Table of Contents
Schwab International Equity ETFs
Annual Report
August 31, 2014
Schwab International
Equity ETFtm
Schwab International Small-Cap
Equity ETFtm
Schwab Emerging Markets
Equity ETFtm
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EX-99.CODE ETH | ||||||||
EX-99.CERT | ||||||||
EX-99.906CERT |
Fund investment adviser: Charles Schwab Investment Management, Inc. (CSIM).
Distributor: SEI Investments Distribution Co.
Distributor: SEI Investments Distribution Co.
The Sector/Industry classifications in this report use the Global Industry Classification Standard (GICS), which was developed by and is the exclusive property of Morgan Stanley Capital International Inc. (MSCI) and Standard & Poor’s (S&P). GICS is a service mark of MSCI and S&P and has been licensed for use by Charles Schwab & Co, Inc.
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Performance at a Glance
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
Total Returns for the 12 Months Ended August 31, 2014 | ||||
Schwab International Equity ETFtm (Ticker Symbol: SCHF) | ||||
Market Price Return1 | 17.07% | |||
NAV Return1 | 16.86% | ** | ||
FTSE Developed ex-US Index (Net)* | 16.84% | |||
ETF Category: Morningstar Foreign Large Blend2 | 18.60% | |||
Performance Details | pages 6-7 | |||
Schwab International Small-Cap Equity ETFtm (Ticker Symbol: SCHC) | ||||
Market Price Return1 | 19.50% | |||
NAV Return1 | 19.84% | |||
FTSE Developed Small Cap ex-US Liquid Index (Net)* | 20.65% | |||
ETF Category: Morningstar Foreign Small/Mid Blend2 | 19.24% | |||
Performance Details | pages 8-9 | |||
Schwab Emerging Markets Equity ETFtm (Ticker Symbol: SCHE) | ||||
Market Price Return1 | 24.21% | |||
NAV Return1 | 22.31% | |||
FTSE Emerging Index (Net)* | 22.29% | |||
ETF Category: Morningstar Diversified Emerging Markets2 | 18.29% | |||
Performance Details | pages 10-11 | |||
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
Index ownership — “FTSE®” is a trademark owned by the London Stock Exchange Group companies and is used by FTSE International Limited (“FTSE”) under license. FTSE does not sponsor, endorse or promote Schwab ETFs and does not accept any liability in relation to their issue, operation and trading.
* | The total returns cited are for the FTSE Developed ex-US Index (Net), the FTSE Developed Small Cap ex-US Liquid Index (Net), and the FTSE Emerging Index (Net), which are calculated net of foreign withholding taxes; the underlying tax rate information is available from FTSE. | |
** | Total return for the report period presented in the table differs from the return in the Financial Highlights. The total return presented in the above table is calculated based on the NAV at which shareholder transactions were processed. The total return presented in the Financial Highlights section of the report is calculated in the same manner, but also takes into account certain adjustments that are necessary under generally accepted accounting principles required in the annual and semi-annual reports. | |
1 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
2 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
2 Schwab International Equity ETFs
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From the President
Marie Chandoha is President and CEO of Charles Schwab Investment Management, Inc. and the funds covered in this report.
Dear Shareholder,
I’d like to thank you for trusting us to help you meet your investment goals, and for reading this annual report regarding the Schwab International Equity ETFs. These funds are part of our line-up of products that is designed to serve as the foundation of an investor’s portfolio. The funds track international stock indices constructed by industry-leading index providers, and offer the benefits of ETF investing, including transparency, intraday trading, and potential tax efficiency, at some of the lowest operating expense ratios in the industry.
For the 12-month reporting period ended August 31, 2014, the funds generated double-digit returns that generally tracked their respective indices. Efforts by many of the world’s central banks to stimulate economic growth by keeping short-term interest rates low supported these results, making financing more affordable for businesses and households. This was particularly true in Europe and Japan, where the European Central Bank and Bank of Japan kept interest rates at extremely low levels.
Stocks in emerging markets outperformed developed international markets overall, but both markets performed well in U.S. dollar terms. Some signs of stabilizing economic conditions among select emerging markets helped, as did relatively attractive stock valuations, and the continuation of low U.S. interest rates. By comparison, Russian stocks
Asset Class Performance Comparison % returns during the 12 months ended 8/31/2014
This graph compares the performance of various asset classes during the report period. Final performance figures for the period are in the key below.
25.25% | S&P 500® Index: measures U.S. large-cap stocks | |||
17.68% | Russell 2000® Index: measures U.S. small-cap stocks | |||
16.43% | MSCI EAFE® Index (Net): measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East | |||
5.66% | Barclays U.S. Aggregate Bond Index: measures the U.S. bond market | |||
0.03% | Barclays U.S. Treasury Bills 1—3 Months Index: measures short-term U.S. Treasury obligations |
For index definitions, please see the Glossary.
Data source: Index provider websites and Charles Schwab Investment Management, Inc.
Nothing in this report represents a recommendation of a security by the investment adviser.
Management views and portfolio holdings may have changed since the report date.
Schwab International Equity ETFs 3
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From the President continued
For the 12-month reporting period ended August 31, 2014, the funds generated double-digit returns that generally tracked their respective indices.
struggled amid geopolitical tensions in the region, increasing market volatility and reducing returns.1 Reflecting these conditions, the FTSE Emerging Index returned 22.3%, and the FTSE Developed ex-U.S. Index returned 16.8%.2 Currency fluctuations played a role in these results, with emerging market currencies in particular generally strengthening versus the U.S. dollar, enhancing returns in U.S. dollar terms.
For more information about the Schwab International Equity ETFs, please continue reading this report. In addition, you can find further details about these ETFs and about ETF investing by visiting www.schwabetfs.com, or by contacting us at 1-800-435-4000.
Sincerely,
1 | To find out more information, please read “Investments in Russian Securities” in the “News & Events” section on www.schwabetfs.com. | |
2 | The total returns cited for the FTSE Developed ex-U.S. Index and the FTSE Emerging Index are net of foreign withholding taxes. |
Indices are unmanaged, do not incur management fees, costs and expenses, and cannot be invested in directly. Index return figures assume dividends and distributions were reinvested. Past performance is not an indication of future results.
4 Schwab International Equity ETFs
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Fund Management
Agnes Hong, CFA, Managing Director and Head of Passive Equity Strategies, leads the portfolio management teams of Schwab’s index mutual funds and equity ETFs. She also has overall responsibility for all aspects of the management of the funds. Prior to joining CSIM in 2009, Ms. Hong spent five years as a portfolio manager at Barclays Global Investors (subsequently acquired by BlackRock), where she managed institutional index funds and quantitative active funds. Prior to that, Ms. Hong worked in management consulting and product management, servicing global financial services clients. | ||
Ferian Juwono, CFA, Managing Director and Senior Portfolio Manager, is responsible for the day-to-day co-management of the funds. Prior to joining CSIM in 2010, Mr. Juwono worked at BlackRock (formerly Barclays Global Investors), where he spent over three years as a portfolio manager, managing equity index funds for institutional clients, and nearly two years as a senior business analyst. Prior to that, Mr. Juwono worked for over four years as a senior financial analyst with Union Bank of California. | ||
Chuck Craig, CFA, Managing Director and Senior Portfolio Manager, is responsible for the day-to-day co-management of the funds. Prior to joining CSIM in 2012, Mr. Craig worked at Guggenheim Funds (formerly Claymore Group), where he spent over five years as a managing director of portfolio management and supervision, and three years as vice president of product research and development. Prior to that, he worked as an equity research analyst at First Trust Portfolios (formerly Niké Securities), and a trader and analyst at PMA Securities, Inc. |
Schwab International Equity ETFs 5
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Schwab International Equity ETF™
The Schwab International Equity ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the FTSE Developed ex-US Index (the index). The index is comprised of large and mid capitalization companies in developed countries outside the U.S., as defined by the index provider. The index defines the large and mid capitalization universe as approximately the top 90% of the eligible universe. The fund invests in a representative sample of securities included in the index which, when taken together, are expected to perform similarly to the index as a whole. Due to the use of representative sampling, the fund may not hold all of the securities included in the index.
Performance. During the 12-month reporting period ended August 31, 2014, the fund closely tracked the index. The fund’s market price return was 17.07% and its NAV return was 16.86% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 16.84%* during the same period.
Market Highlights. Large-cap international stocks generated positive returns for the 12-month reporting period, despite a hesitant recovery in the euro zone and heightened geopolitical tensions. Efforts by the European Central Bank to stimulate economic growth helped, with some pockets of improvement emerging. In addition, many foreign currencies appreciated versus the U.S. dollar, increasing the returns of overseas equities in U.S. dollar terms.
Contributors and Detractors. Stocks from the United Kingdom were among the biggest contributors to the returns of both the index and the fund. United Kingdom companies represented an average weight of approximately 17% of the fund and returned roughly 17% in U.S. dollar terms. One example from this market is AstraZeneca plc, a company that researches, manufactures, and sells pharmaceutical and medical products. The fund’s holdings of AstraZeneca plc represented one of the fund’s largest positions in the United Kingdom and returned approximately 61%.
Japanese stocks also provided meaningful contributions to the returns of the index and the fund. Stocks from Japan represented an average weight of 19% of the fund and returned roughly 11% in U.S. dollar terms. One example from this market is Astellas Pharma, Inc., a pharmaceutical company committed to the therapeutic fields of urology, immunology, oncology, neuroscience and diabetes complications, and metabolic diseases. The fund’s holdings of Astellas Pharma, Inc. returned approximately 44%.
Austrian stocks were among the biggest detractors from the returns generated by the index and the fund. Austrian companies represented an average weight of less than 1% of the fund and returned roughly -5% in U.S. dollar terms. One example from this market is Erste Group Bank AG, a universal bank. The fund’s holdings of Erste Group Bank AG returned approximately -19%.
Stocks from Portugal also detracted from the performance of the index and the fund. Portuguese stocks represented an average weight of less than 1% of the fund and returned roughly -1% in U.S. dollar terms. Banco Espirito Santo, S.A., a company that provides commercial and investment banking services, is one example from this market. The fund’s holdings of Banco Espirito Santo, S.A. detracted from performance and returned approximately -83%.
As of 08/31/14:
Statistics
Number of Holdings | 1,170 | |||
Weighted Average Market Cap ($ x 1,000,000) | $61,775 | |||
Price/Earnings Ratio (P/E) | 18.0 | |||
Price/Book Ratio (P/B) | 1.6 | |||
Portfolio Turnover Rate1 | 7% |
Sector Weightings % of Investments
Financials | 26.1% | |||
Industrials | 12.6% | |||
Consumer Discretionary | 11.4% | |||
Consumer Staples | 10.1% | |||
Health Care | 9.6% | |||
Materials | 8.6% | |||
Energy | 8.2% | |||
Information Technology | 5.4% | |||
Telecommunication Services | 4.3% | |||
Utilities | 3.4% | |||
Other | 0.3% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
Nestle S.A. – Reg’d | 1.5% | |||
Novartis AG – Reg’d | 1.3% | |||
HSBC Holdings plc | 1.3% | |||
Roche Holding AG | 1.3% | |||
Royal Dutch Shell plc, A Shares | 1.0% | |||
Toyota Motor Corp. | 0.9% | |||
BP plc | 0.9% | |||
Total S.A. | 0.8% | |||
Samsung Electronics Co., Ltd. GDR – Reg’d | 0.8% | |||
Sanofi | 0.8% | |||
Total | 10.6% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
* | The total return cited for the FTSE Developed ex-US Index is net of foreign withholding taxes; the underlying tax rate information is available from FTSE. | |
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
6 Schwab International Equity ETFs
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Schwab International Equity ETFtm
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
November 3, 2009 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | 3 Years | Since Inception** | |||||||||
Fund: Schwab International Equity ETFtm (11/3/09) | ||||||||||||
Market Price Return2 | 17.07 | % | 10.58 | % | 8.04% | |||||||
NAV Return2 | 16.86 | % | * | 10.57 | % | 8.02% | ||||||
FTSE Developed ex-US Index (Net)3 | 16.84 | % | 10.55 | % | 8.12% | |||||||
ETF Category: Morningstar Foreign Large Blend4 | 18.60 | % | 10.10 | % | 8.22% |
Fund Expense Ratio5: 0.08%
Country Weightings % of Investments
Japan | 18.9% | |||
United Kingdom | 18.5% | |||
Canada | 8.5% | |||
France | 7.9% | |||
Switzerland | 7.7% | |||
Germany | 7.4% | |||
Australia | 7.2% | |||
Republic of Korea | 4.0% | |||
Hong Kong | 3.1% | |||
Spain | 3.0% | |||
Other Countries | 13.8% | |||
Total | 100.0% |
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
International investing may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations.
Index ownership — “FTSE®” is a trademark owned by the London Stock Exchange Group companies and is used by FTSE International Limited (“FTSE”) under license. FTSE does not sponsor, endorse or promote Schwab ETFs and does not accept any liability in relation to their issue, operation and trading.
* | Total return for the report period presented in the table differs from the return in the Financial Highlights. The total return presented in the above table is calculated based on the NAV at which shareholder transactions were processed. The total return presented in the Financial Highlights section of the report is calculated in the same manner, but also takes into account certain adjustments that are necessary under generally accepted accounting principles required in the annual and semi-annual reports. | |
** | Inception (11/3/09) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | The total return cited for the FTSE Developed ex-US Index is net of foreign withholding taxes; the underlying tax rate information is available from FTSE. | |
4 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
5 | As stated in the prospectus. |
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Schwab International Small-Cap Equity ETF™
The Schwab International Small-Cap Equity ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the FTSE Developed Small Cap ex-US Liquid Index (the index). The index is comprised of small capitalization companies in developed countries outside the U.S., as defined by the index provider. The index defines the small capitalization universe as approximately the bottom 10% of the eligible universe with a minimum free-float capitalization of $150 million. The fund invests in a representative sample of securities included in the index which, when taken together, are expected to perform similarly to the index as a whole. Due to the use of representative sampling, the fund may not hold all of the securities included in the index.
Performance. During the 12-month reporting period ended August 31, 2014, the fund generally tracked the index. The fund’s market price return was 19.50% and its NAV return was 19.84% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 20.65%* during the same period. Differences between the return of the fund and the return of the index may be attributable to, among other things, the operational and transactional costs incurred by the fund and not the index. The additional performance difference is attributable primarily to optimization of the fund’s holdings and cash drag from the fund’s cash and accruals.
Market Highlights. Small-cap international stocks generated positive returns for the 12-month reporting period, despite a hesitant recovery in the euro zone and heightened geopolitical tensions. Efforts by the European Central Bank to stimulate economic growth helped, with some pockets of improvement emerging. In addition, many foreign currencies appreciated versus the U.S. dollar, increasing the returns of overseas equities in U.S. dollar terms.
Contributors and Detractors. United Kingdom stocks were the top contributors to the performances of the index and the fund. Shares of United Kingdom companies represented an average weight of approximately 21% and returned roughly 20% for the fund in U.S. dollar terms. One example from this market is Ashtead Group plc, an international equipment rental company servicing customers in the U.S. and United Kingdom. The fund’s holdings of Ashtead Group plc returned approximately 53%.
Canadian stocks also provided meaningful contributions to the returns of the index and the fund. Stocks from Canada represented an average weight of 17% of the fund and returned roughly 24% in U.S. dollar terms. One example from this market is Keyera Corp., an independent natural gas and natural gas liquids midstream company that operates in western Canada. The fund’s holdings of Keyera Corp. returned approximately 67%.
Stocks from Israel also generated positive returns for the 12-month reporting period, but represented the smallest contribution to the overall returns of the index and the fund. Israeli stocks represented an average weight of less than 1% of the fund and returned approximately 2% in U.S. dollar terms. One example from this market is Mazor Robotics Ltd., a developer of surgical robots and complementing products. Despite this market’s positive returns, the fund’s holdings of Mazor Robotics Ltd. detracted from performance and returned approximately -44%.
Hong Kong stocks generated positive returns for the index and the fund, but were also among the smallest contributors to performance. Stocks from Hong Kong represented an average weight of almost 2% of the fund and returned roughly 4% in U.S. dollar terms. Sa Sa International Holdings Ltd., a cosmetic retailer and wholesaler, is one example from this market. The fund’s holdings of Sa Sa International Holdings Ltd. detracted from performance and returned approximately -17%.
As of 08/31/14:
Statistics
Number of Holdings | 1,413 | |||
Weighted Average Market Cap ($ x 1,000,000) | $2,491 | |||
Price/Earnings Ratio (P/E) | 25.0 | |||
Price/Book Ratio (P/B) | 1.6 | |||
Portfolio Turnover Rate1 | 16% |
Sector Weightings % of Investments
Financials | 20.6% | |||
Industrials | 20.3% | |||
Consumer Discretionary | 16.2% | |||
Materials | 9.6% | |||
Energy | 9.5% | |||
Information Technology | 8.5% | |||
Health Care | 5.8% | |||
Consumer Staples | 4.8% | |||
Utilities | 2.5% | |||
Telecommunication Services | 1.4% | |||
Other | 0.8% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
Tourmaline Oil Corp. | 0.5% | |||
Keyera Corp. | 0.4% | |||
Gildan Activewear, Inc. | 0.4% | |||
Methanex Corp. | 0.4% | |||
Open Text Corp. | 0.4% | |||
Baytex Energy Corp. | 0.4% | |||
Vermillion Energy, Inc. | 0.4% | |||
Banca Monte dei Paschi di Siena S.p.A. | 0.4% | |||
Onex Corp. | 0.3% | |||
AltaGas Ltd. | 0.3% | |||
Total | 3.9% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
* | The total return cited for the FTSE Developed Small Cap ex-US Liquid Index is net of foreign withholding taxes; the underlying tax rate information is available from FTSE. | |
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
8 Schwab International Equity ETFs
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Schwab International Small-Cap Equity ETFtm
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
January 14, 2010 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | 3 Years | Since Inception* | |||||||||
Fund: Schwab International Small-Cap Equity ETFtm (1/14/10) | ||||||||||||
Market Price Return2 | 19.50 | % | 10.33 | % | 9.21% | |||||||
NAV Return2 | 19.84 | % | 10.06 | % | 9.15% | |||||||
FTSE Developed Small Cap ex-US Liquid Index (Net)3 | 20.65 | % | 10.20 | % | 9.42% | |||||||
ETF Category: Morningstar Foreign Small/Mid Blend4 | 19.24 | % | 10.78 | % | 9.15% |
Fund Expense Ratio5: 0.19%
Country Weightings % of Investments
United Kingdom | 19.7% | |||
Canada | 18.0% | |||
Japan | 15.0% | |||
Australia | 5.3% | |||
Republic of Korea | 4.8% | |||
Germany | 4.5% | |||
Italy | 3.7% | |||
Switzerland | 3.5% | |||
Sweden | 3.4% | |||
France | 3.2% | |||
Other Countries | 18.9% | |||
Total | 100.0% |
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
International investing may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations.
Investments in smaller companies typically exhibit higher volatility.
Index ownership — “FTSE®” is a trademark owned by the London Stock Exchange Group companies and is used by FTSE International Limited (“FTSE”) under license. FTSE does not sponsor, endorse or promote Schwab ETFs and does not accept any liability in relation to their issue, operation and trading.
* | Inception (1/14/10) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | The total return cited for the FTSE Developed Small Cap ex-US Liquid Index is net of foreign withholding taxes; the underlying tax rate information is available from FTSE. | |
4 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
5 | As stated in the prospectus. |
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Schwab Emerging Markets Equity ETF™
The Schwab Emerging Markets Equity ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the FTSE Emerging Index (the index). The index is comprised of the large and mid capitalization companies in emerging market countries, as defined by the index provider. The index defines the large and mid capitalization universe as approximately the top 90% of the eligible universe. The fund invests in a representative sample of securities included in the index which, when taken together, are expected to perform similarly to the index as a whole. Due to the use of representative sampling, the fund may not hold all of the securities included in the index.
Performance. During the 12-month reporting period ended August 31, 2014, the fund closely tracked the index. The fund’s market price return was 24.21% and its NAV return was 22.31% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 22.29%* during the same period.
Market Highlights. Emerging markets generated positive overall returns for the 12-month reporting period. Unexpectedly steady economic growth and an acceleration in manufacturing activity in many countries helped select markets overcome geopolitical tensions. In addition, high-profile elections in countries such as India and Indonesia helped to generate confidence in some emerging market economies, contributing positively to returns, as did the U.S. Federal Reserve’s decision to keep short-term interest rates low for the time being.
Contributors and Detractors. Stocks from India contributed the most to the returns generated by both the index and the fund. Indian stocks represented approximately 10% of the fund and returned roughly 59% in U.S. dollar terms. One example from this market is India’s Housing Development Finance Corp. (HDFC), which provides long-term housing loans to low and middle income individuals, and to corporations. The fund’s holdings of HDFC returned approximately 65%.
Brazilian stocks also provided meaningful contributions to the returns of the index and the fund. Stocks from Brazil represented an average weight of 13% of the fund and returned roughly 32% in U.S. dollar terms. One example from this market is Itaú Unibanco Holding S.A., a company that attracts deposits and offers retail, commercial, corporate, and private banking services. The fund’s holdings of sponsored American depositary receipts representing preferred stock of Itaú Unibanco Holding S.A. returned approximately 68%.
Russian stocks were among the few detractors from the returns of the index and the fund. Stocks from Russia represented an average weight of approximately 6% of the fund and returned roughly -4% in U.S. dollar terms. One example from this market is sponsored American depositary receipts of Sberbank Russia, a Russian commercial banking and financial services provider. The fund’s holdings of Sberbank Russia returned approximately -20%.
Stocks from Chile also detracted from the performance of the index and the fund. Chilean stocks represented an average weight of almost 2% of the fund and returned roughly -4% in U.S. dollar terms. Cencosud S.A., a multi-brand retailer in South America, is one example from this market. The fund’s holdings of Cencosud S.A. detracted more from performance for the 12-month reporting period than any other position within this market and returned approximately -25%.
As of 08/31/14:
Statistics
Number of Holdings | 669 | |||
Weighted Average Market Cap ($ x 1,000,000) | $43,935 | |||
Price/Earnings Ratio (P/E) | 14.0 | |||
Price/Book Ratio (P/B) | 1.7 | |||
Portfolio Turnover Rate1 | 9% |
Sector Weightings % of Investments
Financials | 29.3% | |||
Information Technology | 12.4% | |||
Energy | 12.5% | |||
Materials | 8.9% | |||
Consumer Staples | 8.4% | |||
Telecommunication Services | 8.3% | |||
Consumer Discretionary | 7.2% | |||
Industrials | 6.0% | |||
Utilities | 3.8% | |||
Health Care | 2.1% | |||
Other | 1.1% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 2.7% | |||
Tencent Holdings Ltd. | 2.0% | |||
China Mobile Ltd. | 1.7% | |||
China Construction Bank Corp., H Shares | 1.4% | |||
Naspers Ltd., N Shares | 1.3% | |||
Itau Unibanco Holding S.A. ADR | 1.3% | |||
Industrial & Commercial Bank of China Ltd., H Shares | 1.3% | |||
Petroleo Brasileiro S.A., Preferred Stock | 1.2% | |||
Hon Hai Precision Industry, Co., Ltd. | 1.1% | |||
Gazprom OAO ADR | 1.1% | |||
Total | 15.1% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
* | The total return cited for the FTSE Emerging Index is net of foreign withholding taxes; the underlying tax rate information is available from FTSE. | |
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
10 Schwab International Equity ETFs
Table of Contents
Schwab Emerging Markets Equity ETFtm
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
January 14, 2010 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | 3 Years | Since Inception* | |||||||||
Fund: Schwab Emerging Markets Equity ETFtm (1/14/10) | ||||||||||||
Market Price Return2 | 24.21 | % | 4.07 | % | 3.86% | |||||||
NAV Return2 | 22.31 | % | 4.06 | % | 3.79% | |||||||
FTSE Emerging Index (Net)3 | 22.29 | % | 4.31 | % | 4.12% | |||||||
ETF Category: Morningstar Diversified Emerging Markets4 | 18.29 | % | 2.92 | % | 2.85% |
Fund Expense Ratio5: 0.14%
Country Weightings % of Investments
China | 20.9% | |||
Brazil | 14.1% | |||
Taiwan | 13.3% | |||
India | 10.4% | |||
South Africa | 9.3% | |||
Mexico | 5.9% | |||
Malaysia | 4.8% | |||
Russia | 4.5% | |||
Thailand | 3.1% | |||
Indonesia | 2.7% | |||
Other Countries | 11.0% | |||
Total | 100.0% |
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
International investing may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations.
Emerging markets involve heightened risks related to the same factors as international investing, as well as increased volatility and lower trading volume.
Index ownership — “FTSE®” is a trademark owned by the London Stock Exchange Group companies and is used by FTSE International Limited (“FTSE”) under license. FTSE does not sponsor, endorse or promote Schwab ETFs and does not accept any liability in relation to their issue, operation and trading.
* | Inception (1/14/10) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | The total return cited for the FTSE Emerging Index is net of foreign withholding taxes; the underlying tax rate information is available from FTSE. | |
4 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
5 | As stated in the prospectus. |
Schwab International Equity ETFs 11
Table of Contents
Fund Expenses (Unaudited)
Examples for a $1,000 Investment
As a fund shareholder, you may incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of fund shares; and, (2) ongoing costs, including management fees and other fund expenses.
The expense examples below are intended to help you understand your ongoing cost (in dollars) of investing in a fund and to compare this cost with the ongoing cost of investing in other mutual funds. These examples are based on an investment of $1,000 invested for six months beginning March 1, 2014 and held through August 31, 2014.
Actual Return lines in the table below provide information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, an $8,600 account value ¸ $1,000 = 8.6), then multiply the result by the number given for your fund under the heading entitled “Expenses Paid During Period.”
Hypothetical Return lines in the table below provide information about hypothetical account values and hypothetical expenses based on a fund’s actual expense ratio and an assumed return of 5% per year before expenses. Because the return used is not an actual return, it may not be used to estimate the actual ending account value or expenses you paid for the period.
You may use this information to compare the ongoing costs of investing in a fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transactional costs, including any brokerage commissions you may pay when purchasing or selling shares of a fund. Therefore, the hypothetical return lines of the table are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Ending | ||||||||||||||||
Beginning | Account Value | Expenses Paid | ||||||||||||||
Expense Ratio1 | Account Value | (Net of Expenses) | During Period2 | |||||||||||||
(Annualized) | at 3/1/14 | at 8/31/14 | 3/1/14–8/31/14 | |||||||||||||
Schwab International Equity ETFtm | ||||||||||||||||
Actual Return | 0.08% | $ | 1,000.00 | $ | 1,027.30 | $ | 0.41 | |||||||||
Hypothetical 5% Return | 0.08% | $ | 1,000.00 | $ | 1,024.80 | $ | 0.41 | |||||||||
Schwab International Small-Cap Equity ETFtm | ||||||||||||||||
Actual Return | 0.19% | $ | 1,000.00 | $ | 1,006.30 | $ | 0.96 | |||||||||
Hypothetical 5% Return | 0.19% | $ | 1,000.00 | $ | 1,024.25 | $ | 0.97 | |||||||||
Schwab Emerging Markets Equity ETFtm | ||||||||||||||||
Actual Return | 0.14% | $ | 1,000.00 | $ | 1,172.40 | $ | 0.77 | |||||||||
Hypothetical 5% Return | 0.14% | $ | 1,000.00 | $ | 1,024.50 | $ | 0.71 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights which covers a 12-month period. | |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by 184 days of the period, and divided by 365 days of the fiscal year. |
12 Schwab International Equity ETFs
Table of Contents
Schwab International Equity ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 9/1/11– | 9/1/10– | 10/30/091– | ||||||||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | 8/31/11 | 8/31/10 | ||||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||||
Net asset value at beginning of period | 28.32 | 24.96 | 25.99 | 23.82 | 25.00 | |||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||
Net investment income (loss) | 0.88 | 0.66 | 0.76 | 0.68 | 0.38 | |||||||||||||||||
Net realized and unrealized gains (losses) | 3.87 | 3.42 | (1.04 | ) | 1.96 | 2 | (1.52 | ) | ||||||||||||||
Total from investment operations | 4.75 | 4.08 | (0.28 | ) | 2.64 | (1.14 | ) | |||||||||||||||
Less distributions: | ||||||||||||||||||||||
Distributions from net investment income | (0.70 | ) | (0.72 | ) | (0.75 | ) | (0.47 | ) | (0.04 | ) | ||||||||||||
Net asset value at end of period | 32.37 | 28.32 | 24.96 | 25.99 | 23.82 | |||||||||||||||||
Total return (%) | 16.90 | 16.55 | (0.75 | ) | 11.04 | (4.57 | )3 | |||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||||
Total expenses | 0.09 | 4 | 0.09 | 0.13 | 0.13 | 0.14 | 5,6 | |||||||||||||||
Net investment income (loss) | 3.44 | 3.03 | 3.40 | 3.10 | 2.94 | 5 | ||||||||||||||||
Portfolio turnover rate7 | 7 | 9 | 8 | 6 | 6 | 3 | ||||||||||||||||
Net assets, end of period ($ x 1,000) | 2,654,016 | 1,464,105 | 768,666 | 634,208 | 285,869 |
1 Commencement of operations.
2 The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of sales and repurchases of fund shares in relation to fluctuating market values.
3 Not annualized.
4 Effective April 18, 2014, the annual operating expense ratio was reduced to 0.08%. The ratio presented for period ended 8/31/14 is a blended ratio.
5 Annualized.
6 Effective June 14, 2010, the annual operating expense ratio was reduced. The ratio presented for period ended 8/31/10 is a blended ratio.
7 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
See financial notes 13
Table of Contents
Schwab International Equity ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .1% | Common Stock | 2,325,188,864 | 2,631,180,543 | ||||||||
0 | .3% | Other Investment Companies | 7,427,616 | 7,427,616 | ||||||||
0 | .4% | Preferred Stock | 9,451,515 | 10,886,677 | ||||||||
0 | .0% | Rights | — | 85,210 | ||||||||
0 | .0% | Short-Term Investments | 307,998 | 307,998 | ||||||||
99 | .8% | Total Investments | 2,342,375,993 | 2,649,888,044 | ||||||||
0 | .2% | Other Assets andLiabilities, Net | 4,127,948 | |||||||||
100 | .0% | Net Assets | 2,654,015,992 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 99.1% of net assets | ||||||||||||
Australia 7.2% | ||||||||||||
Australia & New Zealand Banking Group Ltd. | 447,720 | 0.5 | 13,998,892 | |||||||||
BHP Billiton Ltd. | 512,500 | 0.7 | 17,577,438 | |||||||||
Commonwealth Bank of Australia | 268,163 | 0.8 | 20,396,095 | |||||||||
National Australia Bank Ltd. | 373,920 | 0.5 | 12,310,400 | |||||||||
Westpac Banking Corp. | 518,721 | 0.6 | 16,999,992 | |||||||||
Other Securities | 4.1 | 109,531,961 | ||||||||||
7.2 | 190,814,778 | |||||||||||
Austria 0.2% | ||||||||||||
Other Securities | 0.2 | 5,731,430 | ||||||||||
Belgium 1.0% | ||||||||||||
Anheuser-Busch InBev N.V. | 126,523 | 0.5 | 14,090,776 | |||||||||
Other Securities | 0.5 | 12,989,411 | ||||||||||
1.0 | 27,080,187 | |||||||||||
Canada 8.5% | ||||||||||||
Royal Bank of Canada | 239,480 | 0.7 | 17,831,574 | |||||||||
The Bank of Nova Scotia | 199,260 | 0.5 | 13,233,179 | |||||||||
The Toronto-Dominion Bank | 328,000 | 0.7 | 17,310,901 | |||||||||
Other Securities | 6.6 | 176,116,837 | ||||||||||
8.5 | 224,492,491 | |||||||||||
Denmark 1.3% | ||||||||||||
Novo Nordisk A/S, B Shares | 319,825 | 0.6 | 14,645,711 | |||||||||
Other Securities | 0.7 | 19,908,186 | ||||||||||
1.3 | 34,553,897 | |||||||||||
Finland 0.7% | ||||||||||||
Other Securities | 0.7 | 19,573,392 | ||||||||||
France 7.9% | ||||||||||||
BNP Paribas S.A. | 164,820 | 0.4 | 11,154,646 | |||||||||
Sanofi | 187,780 | 0.8 | 20,653,213 | |||||||||
Total S.A. | 333,740 | 0.8 | 22,063,645 | |||||||||
Other Securities | 5.9 | 156,721,485 | ||||||||||
7.9 | 210,592,989 | |||||||||||
Germany 7.0% | ||||||||||||
Allianz SE - Reg’d | 73,800 | 0.5 | 12,617,777 | |||||||||
BASF SE | 153,340 | 0.6 | 15,812,974 | |||||||||
Bayer AG - Reg’d | 135,340 | 0.7 | 18,192,442 | |||||||||
Daimler AG - Reg’d | 164,040 | 0.5 | 13,448,417 | |||||||||
SAP SE | 146,994 | 0.4 | 11,462,336 | |||||||||
Siemens AG - Reg’d | 127,920 | 0.6 | 16,064,433 | |||||||||
Other Securities | 3.7 | 97,044,343 | ||||||||||
7.0 | 184,642,722 | |||||||||||
Greece 0.1% | ||||||||||||
Other Securities | 0.1 | 2,291,196 | ||||||||||
Hong Kong 3.1% | ||||||||||||
AIA Group Ltd. | 1,992,200 | 0.4 | 10,873,346 | |||||||||
Other Securities | 2.7 | 72,437,606 | ||||||||||
3.1 | 83,310,952 | |||||||||||
Ireland 0.2% | ||||||||||||
Other Securities | 0.2 | 5,293,614 | ||||||||||
Israel 0.5% | ||||||||||||
Other Securities | 0.5 | 14,240,715 | ||||||||||
Italy 2.1% | ||||||||||||
Eni S.p.A. | 403,440 | 0.4 | 10,086,186 | |||||||||
Other Securities | 1.7 | 44,979,016 | ||||||||||
2.1 | 55,065,202 | |||||||||||
Japan 18.9% | ||||||||||||
Honda Motor Co., Ltd. | 286,900 | 0.4 | 9,701,879 | |||||||||
Mitsubishi UFJ Financial Group, Inc. | 2,386,500 | 0.5 | 13,742,160 | |||||||||
SoftBank Corp. | 152,400 | 0.4 | 11,011,353 | |||||||||
Toyota Motor Corp. | 436,970 | 0.9 | 24,934,862 | |||||||||
Other Securities | 16.7 | 442,035,369 | ||||||||||
18.9 | 501,425,623 |
14 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Netherlands 2.4% | ||||||||||||
Unilever N.V. CVA | 264,905 | 0.4 | 11,038,494 | |||||||||
Other Securities | 2.0 | 52,492,993 | ||||||||||
2.4 | 63,531,487 | |||||||||||
New Zealand 0.2% | ||||||||||||
Other Securities | 0.2 | 4,407,819 | ||||||||||
Norway 0.7% | ||||||||||||
Other Securities | 0.7 | 19,204,019 | ||||||||||
Portugal 0.1% | ||||||||||||
Other Securities | 0.1 | 3,948,133 | ||||||||||
Republic of Korea 4.0% | ||||||||||||
Samsung Electronics Co., Ltd. GDR - Reg’d | 34,879 | 0.8 | 21,241,311 | |||||||||
Other Securities | 3.2 | 84,204,731 | ||||||||||
4.0 | 105,446,042 | |||||||||||
Singapore 1.3% | ||||||||||||
Other Securities | 1.3 | 34,362,523 | ||||||||||
Spain 3.0% | ||||||||||||
Banco Bilbao Vizcaya Argentaria S.A. | 927,420 | 0.4 | 11,250,916 | |||||||||
Banco Santander S.A. | 1,951,600 | 0.7 | 19,511,219 | |||||||||
Telefonica S.A. | 657,797 | 0.4 | 10,458,056 | |||||||||
Other Securities | 1.5 | 39,384,850 | ||||||||||
3.0 | 80,605,041 | |||||||||||
Sweden 2.5% | ||||||||||||
Other Securities | 2.5 | 67,051,506 | ||||||||||
Switzerland 7.7% | ||||||||||||
Nestle S.A. - Reg’d | 521,520 | 1.5 | 40,572,474 | |||||||||
Novartis AG - Reg’d | 389,500 | 1.3 | 35,022,465 | |||||||||
Roche Holding AG | 114,800 | 1.3 | 33,555,670 | |||||||||
UBS AG - Reg’d * | 625,830 | 0.4 | 11,247,652 | |||||||||
Other Securities | 3.2 | 83,148,577 | ||||||||||
7.7 | 203,546,838 | |||||||||||
United Kingdom 18.5% | ||||||||||||
AstraZeneca plc | 205,965 | 0.6 | 15,621,704 | |||||||||
BG Group plc | 549,485 | 0.4 | 10,964,367 | |||||||||
BHP Billiton plc | 357,520 | 0.4 | 11,325,799 | |||||||||
BP plc | 3,094,680 | 0.9 | 24,754,336 | |||||||||
British American Tobacco plc | 295,282 | 0.7 | 17,425,982 | |||||||||
Diageo plc | 410,000 | 0.5 | 12,089,504 | |||||||||
GlaxoSmithKline plc | 778,535 | 0.7 | 19,064,564 | |||||||||
Glencore plc * | 1,636,733 | 0.4 | 9,850,766 | |||||||||
HSBC Holdings plc | 3,163,560 | 1.3 | 34,255,289 | |||||||||
Lloyds Banking Group plc * | 8,849,440 | 0.4 | 11,209,171 | |||||||||
Prudential plc | 464,220 | 0.4 | 11,178,816 | |||||||||
Reckitt Benckiser Group plc | 114,800 | 0.4 | 10,009,333 | |||||||||
Rio Tinto plc | 213,552 | 0.4 | 11,396,878 | |||||||||
Royal Dutch Shell plc, A Shares | 630,981 | 1.0 | 25,547,826 | |||||||||
Royal Dutch Shell plc, B Shares | 404,370 | 0.6 | 17,094,484 | |||||||||
Vodafone Group plc | 4,404,710 | 0.6 | 15,124,005 | |||||||||
Other Securities | 8.8 | 233,055,123 | ||||||||||
18.5 | 489,967,947 | |||||||||||
Total Common Stock | ||||||||||||
(Cost $2,325,188,864) | 2,631,180,543 | |||||||||||
Other Investment Companies 0.3% of net assets | ||||||||||||
United States 0.3% | ||||||||||||
Money Market Fund 0.3% | ||||||||||||
Other Securities | 0.3 | 6,727,585 | ||||||||||
Securities Lending Collateral 0.0% | ||||||||||||
Other Securities | 0.0 | 700,031 | ||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $7,427,616) | 7,427,616 | |||||||||||
Preferred Stock 0.4% of net assets | ||||||||||||
Germany 0.4% | ||||||||||||
Other Securities | 0.4 | 10,886,677 | ||||||||||
Total Preferred Stock | ||||||||||||
(Cost $9,451,515) | 10,886,677 | |||||||||||
Rights 0.0% of net assets | ||||||||||||
Singapore 0.0% | ||||||||||||
Other Securities | 0.0 | 85,210 | ||||||||||
Total Rights | ||||||||||||
(Cost $—) | 85,210 | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($) | Assets | ($) | |||||||||
Short-Term Investments 0.0% of net assets | ||||||||||||
U.S. Treasury Obligations 0.0% | ||||||||||||
Other Securities | 0.0 | 307,998 | ||||||||||
Total Short-Term Investment | ||||||||||||
(Cost $307,998) | 307,998 | |||||||||||
End of Investments. |
See financial notes 15
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
At 08/31/14, the tax basis cost of the fund’s investments was $2,350,253,453 and the unrealized appreciation and depreciation were $359,525,332 and ($59,890,741), respectively, with a net unrealized appreciation of $299,634,591.
For the following notes, please refer to the complete schedule of portfolio holdings.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $658,392. | |
(b) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(c) | Illiquid security. At the period end, the value of these amounted to $302,948 or 0.0% of net assets. | |
(d) | The rate shown is the 7-day yield. | |
(e) | The rate shown is the purchase yield. | |
(f) | All or a portion of this security is held as collateral for open futures contracts. |
ADR — | American Depositary Receipt | |
CDI — | CHESS Depositary Interest | |
CVA — | Dutch Certificate | |
ETF — | Exchange Traded Fund | |
GDR — | Global Depositary Receipt | |
Reg’d — | Registered | |
REIT — | Real Estate Investment Trust | |
RSP — | Risparmio (Convertible Savings Shares) |
In addition to the above, the fund held the following at 08/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Appreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
MSCI EAFE, e-mini, Long, expires 09/19/14 | 20 | 1,920,800 | 45,664 |
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $2,547,869,591 | $— | $— | $2,547,869,591 | ||||||||||||
Hong Kong1 | 67,960,280 | — | — | 67,960,280 | ||||||||||||
Banks | 6,448,443 | — | 217,738 | 6,666,181 | ||||||||||||
Capital Goods | 8,570,938 | — | 113,553 | 8,684,491 | ||||||||||||
Other Investment Companies1 | 7,427,616 | — | — | 7,427,616 | ||||||||||||
Preferred Stock1 | 10,886,677 | — | — | 10,886,677 | ||||||||||||
Rights1 | ||||||||||||||||
Singapore1 | — | — | 85,210 | 85,210 | ||||||||||||
Short-Term Investments1 | — | 307,998 | — | 307,998 | ||||||||||||
Total | $2,649,163,545 | $307,998 | $416,501 | $2,649,888,044 | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts2 | $45,664 | $— | $— | $45,664 |
1 | As categorized in the complete schedule of portfolio holdings. | |
2 | Futures contracts are not included in Investments in the schedule of portfolio holdings and are valued at unrealized appreciation or depreciation. |
The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:
Balance | Change in | Balance | ||||||||||||||||||||||||||||||
as of | Realized | Unrealized | Gross | Gross | as of | |||||||||||||||||||||||||||
August 31, | Gains | Appreciation | Gross | Gross | Transfers | Transfers | August 31, | |||||||||||||||||||||||||
Investments in Securities | 2013 | (Losses) | (Depreciation) | Purchases | Sales | in | out | 2014 | ||||||||||||||||||||||||
Common Stock | ||||||||||||||||||||||||||||||||
Hong Kong | $467 | ($9 | ) | ($36,531 | ) | $370,484 | ($3,120 | ) | $— | $— | $331,291 | |||||||||||||||||||||
Portgual | — | — | (732,419 | ) | 617,020 | — | 115,399 | — | — | |||||||||||||||||||||||
Rights | ||||||||||||||||||||||||||||||||
Italy | 44 | — | (44 | ) | — | — | — | — | — | |||||||||||||||||||||||
Singapore | — | — | 85,210 | — | — | — | — | 85,210 | ||||||||||||||||||||||||
Total | $511 | ($9 | ) | ($683,784 | ) | $987,504 | ($3,120 | ) | $115,399 | $— | $416,501 | |||||||||||||||||||||
16 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
All net realized and change in unrealized gains (losses) in the tables above are reflected on the accompanying Statement of Operations. The change in net unrealized gains (losses) for Level 3 investments held by the fund at August 31, 2014 was ($486,307).
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were transfers out of Level 1 to Level 3 due to the result of fair valued securities for which no quoted value was available. There were no transfers between Level 1 and Level 2 for the period ended August 31, 2014.
See financial notes 17
Table of Contents
Schwab International Equity ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments, at value (cost $2,341,675,962) including securities on loan of $658,392 | $2,649,188,013 | |||||
Collateral invested for securities on loan, at value (cost $700,031) | + | 700,031 | ||||
Total investments, at value (cost $2,342,375,993) | 2,649,888,044 | |||||
Foreign currency, at value (cost $3,804,260) | 3,807,909 | |||||
Receivables: | ||||||
Fund shares sold | 18,576,387 | |||||
Dividends | 6,000,199 | |||||
Foreign tax reclaims | 1,492,439 | |||||
Income from securities on loan | + | 2,573 | ||||
Total assets | 2,679,767,551 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 700,031 | |||||
Payables: | ||||||
Investments bought | 23,684,636 | |||||
Investment adviser fees | 34,646 | |||||
Due to custodian | 1,331,746 | |||||
Variation margin on futures contracts | + | 500 | ||||
Total liabilities | 25,751,559 | |||||
Net Assets | ||||||
Total assets | 2,679,767,551 | |||||
Total liabilities | − | 25,751,559 | ||||
Net assets | $2,654,015,992 | |||||
Net Assets by Source | ||||||
Capital received from investors | 2,339,089,534 | |||||
Net investment income not yet distributed | 55,410,148 | |||||
Net realized capital losses | (47,994,462 | ) | ||||
Net unrealized capital appreciation | 307,510,772 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$2,654,015,992 | 82,000,000 | $32.37 |
18 See financial notes
Table of Contents
Schwab International Equity ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends (net of foreign withholding tax of $5,543,069) | $72,728,251 | |||||
Interest | 125,404 | |||||
Securities on loan | + | 505,357 | ||||
Total investment income | 73,359,012 | |||||
Expenses | ||||||
Investment adviser fees | 1,784,166 | |||||
Total expenses | − | 1,784,166 | ||||
Net investment income | 71,574,846 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized losses on investments | (9,169,600 | ) | ||||
Net realized gains on futures contracts | 4,519 | |||||
Net realized gains on foreign currency transactions | + | 56,450 | ||||
Net realized losses | (9,108,631 | ) | ||||
Net change in unrealized appreciation (depreciation) on investments | 217,566,568 | |||||
Net change in unrealized appreciation (depreciation) on futures contracts | 45,664 | |||||
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | (12,996 | ) | |||
Net change in unrealized appreciation (depreciation) | + | 217,599,236 | ||||
Net realized and unrealized gains | 208,490,605 | |||||
Increase in net assets resulting from operations | $280,065,451 |
See financial notes 19
Table of Contents
Schwab International Equity ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $71,574,846 | $34,368,378 | ||||||||
Net realized losses | (9,108,631 | ) | (10,635,508 | ) | ||||||
Net change in unrealized appreciation (depreciation) | + | 217,599,236 | 116,473,721 | |||||||
Increase in net assets resulting from operations | 280,065,451 | 140,206,591 | ||||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($41,541,200 | ) | ($26,201,560 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 30,300,000 | $951,386,985 | 21,400,000 | $595,025,541 | ||||||||||||||
Shares redeemed | + | — | — | (500,000 | ) | (13,592,136 | ) | |||||||||||
Net transactions in fund shares | 30,300,000 | $951,386,985 | 20,900,000 | $581,433,405 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 51,700,000 | $1,464,104,756 | 30,800,000 | $768,666,320 | ||||||||||||||
Total increase | + | 30,300,000 | 1,189,911,236 | 20,900,000 | 695,438,436 | |||||||||||||
End of period | 82,000,000 | $2,654,015,992 | 51,700,000 | $1,464,104,756 | ||||||||||||||
Net investment income not yet distributed | $55,410,148 | $25,144,598 |
20 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 9/1/11– | 9/1/10– | 1/13/101– | ||||||||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | 8/31/11 | 8/31/10 | ||||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||||
Net asset value at beginning of period | 28.61 | 24.94 | 27.48 | 23.54 | 25.00 | |||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||
Net investment income (loss) | 0.71 | 0.76 | 0.67 | 0.72 | 0.21 | |||||||||||||||||
Net realized and unrealized gains (losses) | 4.90 | 3.72 | (2.39 | ) | 3.88 | (1.67 | ) | |||||||||||||||
Total from investment operations | 5.61 | 4.48 | (1.72 | ) | 4.60 | (1.46 | ) | |||||||||||||||
Less distributions: | ||||||||||||||||||||||
Distributions from net investment income | (0.90 | ) | (0.81 | ) | (0.82 | ) | (0.66 | ) | — | |||||||||||||
Net asset value at end of period | 33.32 | 28.61 | 24.94 | 27.48 | 23.54 | |||||||||||||||||
Total return (%) | 19.84 | 18.23 | (5.91 | ) | 19.52 | (5.84 | )2 | |||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||||
Total expenses | 0.19 | 0.21 | 3 | 0.35 | 0.35 | 0.35 | 4 | |||||||||||||||
Net investment income (loss) | 2.21 | 2.86 | 2.65 | 2.46 | 2.18 | 4 | ||||||||||||||||
Portfolio turnover rate5 | 16 | 20 | 25 | 18 | 7 | 2 | ||||||||||||||||
Net assets, end of period ($ x 1,000) | 403,229 | 280,422 | 159,610 | 162,139 | 58,848 |
1 Commencement of operations.
2 Not annualized.
3 Effective September 20, 2012, the annual operating expense ratio was reduced. The ratio presented for the period ended 8/31/13 is a blended ratio.
4 Annualized.
5 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
See financial notes 21
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .2% | Common Stock | 339,185,692 | 399,996,838 | ||||||||
1 | .0% | Other Investment Companies | 3,927,865 | 4,297,156 | ||||||||
0 | .3% | Preferred Stock | 967,782 | 1,134,218 | ||||||||
100 | .5% | Total Investments | 344,081,339 | 405,428,212 | ||||||||
(0 | .5)% | Other Assets andLiabilities, Net | (2,198,756 | ) | ||||||||
100 | .0% | Net Assets | 403,229,456 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 99.2% of net assets | ||||||||||||
Australia 5.3% | ||||||||||||
Other Securities | 5.3 | 21,558,989 | ||||||||||
Austria 0.7% | ||||||||||||
Other Securities | 0.7 | 3,009,752 | ||||||||||
Belgium 1.5% | ||||||||||||
Other Securities | 1.5 | 6,185,150 | ||||||||||
Canada 18.1% | ||||||||||||
AltaGas Ltd. | 28,258 | 0.3 | 1,369,982 | |||||||||
Atco Ltd., Class I | 21,738 | 0.2 | 937,655 | |||||||||
Baytex Energy Corp. | 33,120 | 0.4 | 1,484,484 | |||||||||
CCL Industries, Inc., Class B | 9,448 | 0.2 | 987,173 | |||||||||
Dollarama, Inc. | 14,293 | 0.3 | 1,219,731 | |||||||||
Enerplus Corp. | 42,392 | 0.2 | 972,700 | |||||||||
Gibson Energy, Inc. | 28,258 | 0.2 | 949,531 | |||||||||
Gildan Activewear, Inc. | 28,258 | 0.4 | 1,623,972 | |||||||||
Home Capital Group, Inc. | 19,549 | 0.2 | 977,134 | |||||||||
Industrial Alliance Insurance & Financial Services, Inc. | 23,540 | 0.3 | 1,018,638 | |||||||||
Keyera Corp. | 18,703 | 0.4 | 1,649,347 | |||||||||
Methanex Corp. | 23,794 | 0.4 | 1,594,675 | |||||||||
Onex Corp. | 23,510 | 0.3 | 1,372,130 | |||||||||
Open Text Corp. | 28,258 | 0.4 | 1,591,149 | |||||||||
Peyto Exploration & Development Corp. | 28,258 | 0.2 | 1,003,716 | |||||||||
Precision Drilling Corp. | 70,650 | 0.2 | 902,705 | |||||||||
Stantec, Inc. | 12,643 | 0.2 | 863,652 | |||||||||
Tourmaline Oil Corp. * | 40,975 | 0.5 | 2,080,197 | |||||||||
Vermilion Energy, Inc. | 21,684 | 0.4 | 1,413,883 | |||||||||
Other Securities | 12.4 | 48,785,941 | ||||||||||
18.1 | 72,798,395 | |||||||||||
Denmark 1.3% | ||||||||||||
GN Store Nord A/S | 44,961 | 0.3 | 1,024,677 | |||||||||
Jyske Bank A/S * | 18,637 | 0.3 | 1,018,199 | |||||||||
Other Securities | 0.7 | 3,287,550 | ||||||||||
1.3 | 5,330,426 | |||||||||||
Finland 1.9% | ||||||||||||
Elisa Oyj | 39,240 | 0.3 | 1,070,953 | |||||||||
Other Securities | 1.6 | 6,624,418 | ||||||||||
1.9 | 7,695,371 | |||||||||||
France 3.2% | ||||||||||||
Ingenico | 9,150 | 0.2 | 881,270 | |||||||||
Teleperformance | 14,189 | 0.2 | 923,087 | |||||||||
Other Securities | 2.8 | 11,155,656 | ||||||||||
3.2 | 12,960,013 | |||||||||||
Germany 4.4% | ||||||||||||
Wirecard AG | 27,898 | 0.3 | 1,044,908 | |||||||||
Other Securities | 4.1 | 16,528,990 | ||||||||||
4.4 | 17,573,898 | |||||||||||
Greece 0.8% | ||||||||||||
Other Securities | 0.8 | 3,062,140 | ||||||||||
Hong Kong 2.0% | ||||||||||||
Other Securities | 2.0 | 8,016,443 | ||||||||||
Ireland 0.6% | ||||||||||||
Other Securities | 0.6 | 2,467,191 | ||||||||||
Israel 0.4% | ||||||||||||
Other Securities | 0.4 | 1,600,313 | ||||||||||
Italy 3.6% | ||||||||||||
Banca Monte dei Paschi di Siena S.p.A. * | 929,955 | 0.3 | 1,393,978 | |||||||||
Other Securities | 3.3 | 13,326,031 | ||||||||||
3.6 | 14,720,009 | |||||||||||
Japan 15.1% | ||||||||||||
Other Securities | 15.1 | 60,832,479 | ||||||||||
Netherlands 1.8% | ||||||||||||
Delta Lloyd N.V. | 39,822 | 0.2 | 961,736 | |||||||||
Other Securities | 1.6 | 6,182,980 | ||||||||||
1.8 | 7,144,716 |
22 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
New Zealand 0.6% | ||||||||||||
Other Securities | 0.6 | 2,599,514 | ||||||||||
Norway 1.9% | ||||||||||||
Marine Harvest A.S.A. | 63,593 | 0.2 | 863,218 | |||||||||
Other Securities | 1.7 | 6,809,420 | ||||||||||
1.9 | 7,672,638 | |||||||||||
Portugal 0.7% | ||||||||||||
Banco Comercial Portugues S.A. - Reg’d * | 8,029,047 | 0.3 | 1,094,602 | |||||||||
Other Securities | 0.4 | 1,592,243 | ||||||||||
0.7 | 2,686,845 | |||||||||||
Republic of Korea 4.8% | ||||||||||||
Hotel Shilla Co., Ltd. | 7,420 | 0.2 | 870,832 | |||||||||
Other Securities | 4.6 | 18,414,487 | ||||||||||
4.8 | 19,285,319 | |||||||||||
Singapore 2.1% | ||||||||||||
Other Securities | 2.1 | 8,534,234 | ||||||||||
Spain 1.8% | ||||||||||||
Other Securities | 1.8 | 7,240,379 | ||||||||||
Sweden 3.4% | ||||||||||||
Trelleborg AB, B Shares | 63,479 | 0.3 | 1,218,360 | |||||||||
Other Securities | 3.1 | 12,378,596 | ||||||||||
3.4 | 13,596,956 | |||||||||||
Switzerland 3.4% | ||||||||||||
Dufry AG - Reg’d * | 7,260 | 0.3 | 1,240,585 | |||||||||
Other Securities | 3.1 | 12,417,382 | ||||||||||
3.4 | 13,657,967 | |||||||||||
United Kingdom 19.8% | ||||||||||||
Amlin plc | 116,478 | 0.2 | 870,290 | |||||||||
BTG plc * | 92,378 | 0.2 | 982,634 | |||||||||
Capital & Counties Properties plc | 165,242 | 0.2 | 917,679 | |||||||||
DCC plc | 19,676 | 0.3 | 1,168,526 | |||||||||
Derwent London plc | 22,784 | 0.3 | 1,056,073 | |||||||||
Dixons Carphone plc | 193,716 | 0.3 | 1,108,625 | |||||||||
DS Smith plc | 240,203 | 0.3 | 1,132,924 | |||||||||
Great Portland Estates plc | 83,579 | 0.2 | 911,246 | |||||||||
Hikma Pharmaceuticals plc | 34,688 | 0.2 | 994,891 | |||||||||
Hiscox Ltd. | 80,954 | 0.2 | 872,543 | |||||||||
Howden Joinery Group plc | 152,344 | 0.2 | 894,120 | |||||||||
IG Group Holdings plc | 86,073 | 0.2 | 867,680 | |||||||||
Inchcape plc | 108,793 | 0.3 | 1,219,576 | |||||||||
Pennon Group plc | 77,717 | 0.3 | 1,049,972 | |||||||||
Provident Financial plc | 32,597 | 0.3 | 1,157,957 | |||||||||
Rightmove plc | 22,576 | 0.2 | 944,825 | |||||||||
Rotork plc | 19,079 | 0.2 | 873,250 | |||||||||
Spirax-Sarco Engineering plc | 18,626 | 0.2 | 915,620 | |||||||||
Other Securities | 15.5 | 61,829,270 | ||||||||||
19.8 | 79,767,701 | |||||||||||
Total Common Stock | ||||||||||||
(Cost $339,185,692) | 399,996,838 | |||||||||||
Other Investment Companies 1.0% of net assets | ||||||||||||
Australia 0.0% | ||||||||||||
Other Securities | 0.0 | 88,881 | ||||||||||
Switzerland 0.1% | ||||||||||||
Other Securities | 0.1 | 670,993 | ||||||||||
United Kingdom 0.1% | ||||||||||||
Other Securities | 0.1 | 316,116 | ||||||||||
United States 0.8% | ||||||||||||
Equity Fund 0.1% | ||||||||||||
Other Securities | 0.1 | 256,350 | ||||||||||
Money Market Fund 0.0% | ||||||||||||
Other Securities | 0.0 | 49,859 | ||||||||||
Securities Lending Collateral 0.7% | ||||||||||||
Other Securities | 0.7 | 2,914,957 | ||||||||||
0.8 | 3,221,166 | |||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $3,927,865) | 4,297,156 | |||||||||||
Preferred Stock 0.3% of net assets | ||||||||||||
Germany 0.2% | ||||||||||||
Other Securities | 0.2 | 740,157 | ||||||||||
Italy 0.1% | ||||||||||||
Other Securities | 0.1 | 394,061 | ||||||||||
Total Preferred Stock | ||||||||||||
(Cost $967,782) | 1,134,218 | |||||||||||
End of Investments. |
See financial notes 23
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
At 08/31/14, the tax basis cost of the fund’s investments was $350,858,079 and the unrealized appreciation and depreciation were $72,065,938 and ($17,495,805), respectively, with a net unrealized appreciation of $54,570,133.
For the following notes, please refer to the complete schedule of portfolio holdings.
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(b) | Illiquid security. At the period end, the value of these amounted to $27,964 or 0.0% of net assets. | |
(c) | All or a portion of this security is on loan. Securities on loan were valued at $2,703,109. | |
(d) | The rate shown is the 7-day yield. | |
(e) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $153,692 or 0.0% of net assets. |
ETF — | Exchange Traded Fund | |
Reg’d — | Registered | |
REIT — | Real Estate Investment Trust | |
RSP — | Risparmio (Convertible Savings Shares) |
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $363,181,027 | $— | $— | $363,181,027 | ||||||||||||
Australia | 21,465,701 | — | 93,288 | 21,558,989 | ||||||||||||
Hong Kong | 7,908,574 | — | 107,869 | 8,016,443 | ||||||||||||
Spain | 7,212,415 | — | 27,964 | 7,240,379 | ||||||||||||
Other Investment Companies1 | 4,297,156 | — | — | 4,297,156 | ||||||||||||
Preferred Stock1 | 1,134,218 | — | — | 1,134,218 | ||||||||||||
Total | $405,199,091 | $— | �� | $229,121 | $405,428,212 | |||||||||||
1 | As categorized in the complete schedule of portfolio holdings. |
The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:
Balance | Change in | Balance | ||||||||||||||||||||||||||||||
as of | Realized | Unrealized | Gross | Gross | as of | |||||||||||||||||||||||||||
August 31, | Gains | Appreciation | Gross | Gross | Transfers | Transfers | August 31, | |||||||||||||||||||||||||
Investments in Securities | 2013 | (Losses) | (Depreciation) | Purchases | Sales | in | out | 2014 | ||||||||||||||||||||||||
Common Stock | ||||||||||||||||||||||||||||||||
Australia | $— | $137 | ($8,882 | ) | $103,014 | ($981 | ) | $— | $— | $93,288 | ||||||||||||||||||||||
Hong Kong | — | — | (11,762 | ) | 119,631 | — | — | — | 107,869 | |||||||||||||||||||||||
Spain | — | — | (125,141 | ) | 153,105 | — | — | — | 27,964 | |||||||||||||||||||||||
Rights | ||||||||||||||||||||||||||||||||
Australia | 13,988 | 8,461 | (13,988 | ) | — | (8,461 | ) | — | — | — | ||||||||||||||||||||||
Total | $13,988 | $8,598 | ($159,773 | ) | $375,750 | ($9,442 | ) | $— | $— | $229,121 | ||||||||||||||||||||||
All net realized and change in unrealized gains (losses) in the table above are reflected on the accompanying Statement of Operations. The change in net unrealized appreciation (depreciation) for Level 3 Investments held by the fund at August 31, 2014 was ($159,773).
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended August 31, 2014.
24 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments, at value (cost $341,166,382) including securities on loan of $2,703,109 | $402,513,255 | |||||
Collateral invested for securities on loan, at value (cost $2,914,957) | + | 2,914,957 | ||||
Total investments, at value (cost $344,081,339) | 405,428,212 | |||||
Foreign currency, at value (cost $208,155) | 207,208 | |||||
Receivables: | ||||||
Investments sold | 784,232 | |||||
Dividends | 507,718 | |||||
Foreign tax reclaims | 84,587 | |||||
Income from securities on loan | + | 6,762 | ||||
Total assets | 407,018,719 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 2,914,957 | |||||
Payables: | ||||||
Investments bought | 631,699 | |||||
Investment adviser fees | 12,607 | |||||
Due to custodian | + | 230,000 | ||||
Total liabilities | 3,789,263 | |||||
Net Assets | ||||||
Total assets | 407,018,719 | |||||
Total liabilities | − | 3,789,263 | ||||
Net assets | $403,229,456 | |||||
Net Assets by Source | ||||||
Capital received from investors | 363,004,634 | |||||
Net investment income not yet distributed | 1,843,057 | |||||
Net realized capital losses | (22,960,046 | ) | ||||
Net unrealized capital appreciation | 61,341,811 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$403,229,456 | 12,100,000 | $33.32 |
See financial notes 25
Table of Contents
Schwab International Small-Cap Equity ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends (net of foreign withholding tax of $871,839) | $8,342,201 | |||||
Interest | 3 | |||||
Securities on loan | + | 239,898 | ||||
Total investment income | 8,582,102 | |||||
Expenses | ||||||
Investment adviser fees | 695,136 | |||||
Total expenses | − | 695,136 | ||||
Net investment income | 7,886,966 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized losses on investments | (5,185,596 | ) | ||||
Net realized gains on in-kind redemptions | 14,142,786 | |||||
Net realized losses on futures contracts | (22,327 | ) | ||||
Net realized losses on foreign currency transactions | + | (4,647 | ) | |||
Net realized gains | 8,930,216 | |||||
Net change in unrealized appreciation (depreciation) on investments | 41,049,829 | |||||
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | 1,929 | ||||
Net change in unrealized appreciation (depreciation) | + | 41,051,758 | ||||
Net realized and unrealized gains | 49,981,974 | |||||
Increase in net assets resulting from operations | $57,868,940 |
26 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $7,886,966 | $6,497,603 | ||||||||
Net realized gains (losses) | 8,930,216 | (1,029,360 | ) | |||||||
Net change in unrealized appreciation (depreciation) | + | 41,051,758 | 28,483,543 | |||||||
Increase in net assets resulting from operations | 57,868,940 | 33,951,786 | ||||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($9,580,780 | ) | ($6,079,500 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 3,400,000 | $110,086,847 | 4,100,000 | $112,716,098 | ||||||||||||||
Shares redeemed | + | (1,100,000 | ) | (35,567,269 | ) | (700,000 | ) | (19,776,267 | ) | |||||||||
Net transactions in fund shares | 2,300,000 | $74,519,578 | 3,400,000 | $92,939,831 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 9,800,000 | $280,421,718 | 6,400,000 | $159,609,601 | ||||||||||||||
Total increase | + | 2,300,000 | 122,807,738 | 3,400,000 | 120,812,117 | |||||||||||||
End of period | 12,100,000 | $403,229,456 | 9,800,000 | $280,421,718 | ||||||||||||||
Net investment income not yet distributed | $1,843,057 | $2,553,743 |
See financial notes 27
Table of Contents
Schwab Emerging Markets Equity ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 9/1/11– | 9/1/10– | 1/13/101– | ||||||||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | 8/31/11 | 8/31/10 | ||||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||||
Net asset value at beginning of period | 22.94 | 23.65 | 26.10 | 24.30 | 25.00 | |||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||
Net investment income (loss) | 0.63 | 0.50 | 0.63 | 0.62 | 0.27 | |||||||||||||||||
Net realized and unrealized gains (losses) | 4.40 | (0.65 | ) | (2.51 | ) | 1.41 | 2 | (0.97 | ) | |||||||||||||
Total from investment operations | 5.03 | (0.15 | ) | (1.88 | ) | 2.03 | (0.70 | ) | ||||||||||||||
Less distributions: | ||||||||||||||||||||||
Distributions from net investment income | (0.63 | ) | (0.56 | ) | (0.57 | ) | (0.23 | ) | — | |||||||||||||
Net asset value at end of period | 27.34 | 22.94 | 23.65 | 26.10 | 24.30 | |||||||||||||||||
Total return (%) | 22.31 | (0.89 | ) | (7.04 | ) | 8.31 | (2.80 | )3 | ||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||||
Total expenses | 0.14 | 0.15 | 0.25 | 0.25 | 0.30 | 4,5 | ||||||||||||||||
Net investment income (loss) | 2.89 | 2.63 | 2.96 | 2.78 | 2.94 | 4 | ||||||||||||||||
Portfolio turnover rate6 | 9 | 15 | 9 | 9 | 23 | 3 | ||||||||||||||||
Net assets, end of period ($ x 1,000) | 1,273,840 | 811,915 | 515,595 | 396,661 | 148,222 |
1 Commencement of operations.
2 The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of sales and repurchases of fund shares in relation to fluctuating market values.
3 Not annualized.
4 Annualized.
5 Effective June 14, 2010, the annual operating expense ratio was reduced. The ratio presented for period ended 8/31/10 is a blended ratio.
6 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
28 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
95 | .4% | Common Stock | 1,097,678,142 | 1,215,693,628 | ||||||||
1 | .1% | Other Investment Companies | 13,893,281 | 13,965,671 | ||||||||
4 | .2% | Preferred Stock | 45,754,735 | 53,222,010 | ||||||||
0 | .0% | Warrants | — | — | ||||||||
0 | .0% | Short-Term Investments | 57,999 | 57,999 | ||||||||
100 | .7% | Total Investments | 1,157,384,157 | 1,282,939,308 | ||||||||
(0 | .7)% | Other Assets andLiabilities, Net | (9,099,606 | ) | ||||||||
100 | .0% | Net Assets | 1,273,839,702 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 95.4% of net assets | ||||||||||||
Brazil 10.2% | ||||||||||||
AMBEV S.A. ADR | 1,592,270 | 0.9 | 11,607,648 | |||||||||
Banco do Brasil S.A. | 308,445 | 0.4 | 4,823,352 | |||||||||
BRF S.A. ADR | 299,638 | 0.6 | 7,988,349 | |||||||||
Cielo S.A. | 261,629 | 0.4 | 4,906,238 | |||||||||
Itau Unibanco Holding S.A. ADR | 949,708 | 1.3 | 17,094,744 | |||||||||
Petroleo Brasileiro S.A. | 1,258,200 | 1.0 | 12,449,576 | |||||||||
Vale S.A. | 457,249 | 0.5 | 5,950,746 | |||||||||
Vale S.A. ADR | 693,874 | 0.6 | 8,083,632 | |||||||||
Other Securities | 4.5 | 57,266,363 | ||||||||||
10.2 | 130,170,648 | |||||||||||
Chile 1.5% | ||||||||||||
Other Securities | 1.5 | 19,010,016 | ||||||||||
China 21.0% | ||||||||||||
Bank of China Ltd., H Shares | 25,164,000 | 0.9 | 11,688,858 | |||||||||
China Construction Bank Corp., H Shares | 23,951,000 | 1.4 | 17,800,657 | |||||||||
China Life Insurance Co., Ltd., H Shares | 2,622,000 | 0.6 | 7,527,532 | |||||||||
China Mobile Ltd. | 1,743,500 | 1.7 | 21,686,471 | |||||||||
China Petroleum & Chemical Corp., H Shares | 8,456,000 | 0.7 | 8,575,855 | |||||||||
CNOOC Ltd. | 5,592,000 | 0.9 | 11,241,506 | |||||||||
Industrial & Commercial Bank of China Ltd., H Shares | 24,209,336 | 1.3 | 16,055,946 | |||||||||
PetroChina Co., Ltd., H Shares | 7,456,000 | 0.8 | 10,582,505 | |||||||||
Ping An Insurance Group Co. of China Ltd., H Shares | 699,000 | 0.4 | 5,691,103 | |||||||||
Tencent Holdings Ltd. | 1,568,200 | 2.0 | 25,596,576 | |||||||||
Other Securities | 10.3 | 131,358,315 | ||||||||||
21.0 | 267,805,324 | |||||||||||
Colombia 1.0% | ||||||||||||
Other Securities | 1.0 | 12,410,414 | ||||||||||
Czech Republic 0.3% | ||||||||||||
Other Securities | 0.3 | �� | 3,670,971 | |||||||||
Egypt 0.3% | ||||||||||||
Other Securities | 0.3 | 4,260,595 | ||||||||||
Hungary 0.3% | ||||||||||||
Other Securities | 0.3 | 3,348,556 | ||||||||||
India 10.5% | ||||||||||||
HDFC Bank Ltd. | 389,652 | 0.4 | 5,416,792 | |||||||||
Housing Development Finance Corp. | 531,240 | 0.7 | 9,407,010 | |||||||||
ICICI Bank Ltd. | 190,128 | 0.4 | 4,877,905 | |||||||||
Infosys Ltd. | 166,828 | 0.8 | 9,894,209 | |||||||||
Oil & Natural Gas Corp., Ltd. | 695,738 | 0.4 | 4,987,575 | |||||||||
Reliance Industries Ltd. | 540,022 | 0.7 | 8,887,936 | |||||||||
Tata Consultancy Services Ltd. | 145,392 | 0.5 | 6,043,664 | |||||||||
Other Securities | 6.6 | 84,158,826 | ||||||||||
10.5 | 133,673,917 | |||||||||||
Indonesia 2.7% | ||||||||||||
Other Securities | 2.7 | 34,806,765 | ||||||||||
Malaysia 4.8% | ||||||||||||
Malayan Banking Berhad | 1,491,200 | 0.4 | 4,778,274 | |||||||||
Public Bank Berhad | 971,330 | 0.5 | 5,941,384 | |||||||||
Other Securities | 3.9 | 50,804,817 | ||||||||||
4.8 | 61,524,475 | |||||||||||
Mexico 5.9% | ||||||||||||
America Movil S.A.B. de C.V., Series L | 10,578,200 | 1.0 | 12,936,057 | |||||||||
Cemex S.A.B. de C.V., Series CPO * | 4,020,464 | 0.4 | 5,340,940 | |||||||||
Fomento Economico Mexicano S.A.B. de C.V. | 745,600 | 0.6 | 7,237,888 | |||||||||
Grupo Financiero Banorte S.A.B. de C.V., O Shares | 803,200 | 0.4 | 5,654,434 | |||||||||
Grupo Mexico S.A.B. de C.V., Series B | 1,351,400 | 0.4 | 4,909,296 | |||||||||
Grupo Televisa S.A.B., Series CPO | 978,600 | 0.6 | 7,281,404 | |||||||||
Wal-Mart de Mexico S.A.B. de C.V., Series V | 2,050,400 | 0.4 | 5,582,520 |
See financial notes 29
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Other Securities | 2.1 | 26,776,519 | ||||||||||
5.9 | 75,719,058 | |||||||||||
Pakistan 0.0% | ||||||||||||
Other Securities | 0.0 | 239,616 | ||||||||||
Peru 0.4% | ||||||||||||
Other Securities | 0.4 | 4,493,796 | ||||||||||
Philippines 1.6% | ||||||||||||
Other Securities | 1.6 | 20,975,879 | ||||||||||
Poland 1.6% | ||||||||||||
Other Securities | 1.6 | 20,773,274 | ||||||||||
Russia 4.5% | ||||||||||||
Gazprom OAO ADR | 1,978,276 | 1.1 | 14,144,673 | |||||||||
Lukoil OAO ADR | 173,352 | 0.8 | 9,664,374 | |||||||||
Magnit OJSC GDR - Reg’d | 101,860 | 0.5 | 5,928,252 | |||||||||
Sberbank of Russia ADR | 826,382 | 0.5 | 6,735,013 | |||||||||
Other Securities | 1.6 | 20,884,722 | ||||||||||
4.5 | 57,357,034 | |||||||||||
South Africa 9.4% | ||||||||||||
MTN Group Ltd. | 604,868 | 1.1 | 13,708,688 | |||||||||
Naspers Ltd., N Shares | 134,208 | 1.3 | 17,105,293 | |||||||||
Sasol Ltd. | 191,530 | 0.9 | 11,134,435 | |||||||||
Standard Bank Group Ltd. | 418,468 | 0.4 | 5,429,846 | |||||||||
Other Securities | 5.7 | 72,455,711 | ||||||||||
9.4 | 119,833,973 | |||||||||||
Taiwan 13.4% | ||||||||||||
Formosa Plastics Corp. | 1,917,120 | 0.4 | 4,970,703 | |||||||||
Hon Hai Precision Industry Co., Ltd. | 4,246,444 | 1.1 | 14,490,801 | |||||||||
MediaTek, Inc. | 503,469 | 0.7 | 8,413,468 | |||||||||
Nan Ya Plastics Corp. | 2,076,060 | 0.4 | 4,896,614 | |||||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1,633,330 | 2.7 | 34,201,930 | |||||||||
Other Securities | 8.1 | 103,414,033 | ||||||||||
13.4 | 170,387,549 | |||||||||||
Thailand 3.2% | ||||||||||||
Other Securities | 3.2 | 40,134,842 | ||||||||||
Turkey 1.9% | ||||||||||||
Other Securities | 1.9 | 23,649,520 | ||||||||||
United Arab Emirates 0.9% | ||||||||||||
Other Securities | 0.9 | 11,447,406 | ||||||||||
Total Common Stock | ||||||||||||
(Cost $1,097,678,142) | 1,215,693,628 | |||||||||||
Other Investment Companies 1.1% of net assets | ||||||||||||
United States 1.1% | ||||||||||||
Equity Fund 0.1% | ||||||||||||
Other Securities | 0.1 | 1,362,000 | ||||||||||
Money Market Fund 0.0% | ||||||||||||
Other Securities | 0.0 | 335,698 | ||||||||||
Securities Lending Collateral 1.0% | ||||||||||||
Other Securities | 1.0 | 12,267,973 | ||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $13,893,281) | 13,965,671 | |||||||||||
Preferred Stock 4.2% of net assets | ||||||||||||
Brazil 4.0% | ||||||||||||
Banco Bradesco S.A. | 715,145 | 1.0 | 13,052,902 | |||||||||
Itausa - Investimentos Itau S.A. | 1,127,720 | 0.4 | 5,493,575 | |||||||||
Petroleo Brasileiro S.A. | 1,491,200 | 1.2 | 15,561,449 | |||||||||
Other Securities | 1.4 | 17,060,409 | ||||||||||
4.0 | 51,168,335 | |||||||||||
Chile 0.0% | ||||||||||||
Other Securities | 0.0 | 343,697 | ||||||||||
Colombia 0.2% | ||||||||||||
Other Securities | 0.2 | 1,709,978 | ||||||||||
Total Preferred Stock | ||||||||||||
(Cost $45,754,735) | 53,222,010 | |||||||||||
Warrants 0.0% of net assets | ||||||||||||
Thailand 0.0% | ||||||||||||
Other Securities | 0.0 | — | ||||||||||
Total Warrants | ||||||||||||
(Cost $—) | — | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($) | Assets | ($) | |||||||||
Short-Term Investments 0.0% of net assets | ||||||||||||
U.S. Treasury Obligations 0.0% | ||||||||||||
Other Securities | �� | 0.0 | 57,999 | |||||||||
Total Short-Term Investment | ||||||||||||
(Cost $57,999) | 57,999 | |||||||||||
End of Investments. |
30 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
At 08/31/14, the tax basis cost of the fund’s investments was $1,166,632,356 and the unrealized appreciation and depreciation were $186,323,546 and ($70,016,594), respectively, with a net unrealized appreciation of $116,306,952.
For the following notes, please refer to the complete schedule of portfolio holdings.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $11,724,865. | |
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $154,564 or 0.0% of net assets. | |
(c) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(d) | Illiquid security. At the period end, the value of these amounted to $394,180 or 0.0% of net assets. | |
(e) | The rate shown is the 7-day yield. | |
(f) | The rate shown is the purchase yield. | |
(g) | All or a portion of this security is held as collateral for open futures contracts. |
ADR — | American Depositary Receipt | |
ETF — | Exchange Traded Fund | |
GDR — | Global Depositary Receipt | |
NVDR — | Non-Voting Depositary Receipt | |
Reg’d — | Registered |
In addition to the above, the fund held the following at 8/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Depreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
MSCI EAFE, e-mini, Long, expires 09/19/14 | 15 | 814,350 | (1,629 | ) |
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $1,215,454,012 | $— | $— | $1,215,454,012 | ||||||||||||
Pakistan1 | — | — | 239,616 | 239,616 | ||||||||||||
Other Investment Companies1 | 13,965,671 | — | — | 13,965,671 | ||||||||||||
Preferred Stock1 | 53,222,010 | — | — | 53,222,010 | ||||||||||||
Warrants1 | — | — | — | — | ||||||||||||
Short-Term Investments1 | — | 57,999 | — | 57,999 | ||||||||||||
Total | $1,282,641,693 | $57,999 | $239,616 | $1,282,939,308 | ||||||||||||
Liabilities Valuation Input | ||||||||||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts2 | ($1,629 | ) | $— | $— | ($1,629 | ) |
1 | As categorized in the complete schedule of portfolio holdings. | |
2 | Futures contracts are not included in Investments in the schedule of portfolio holdings and are valued at unrealized appreciation or depreciation. |
See financial notes 31
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:
Balance | Change in | Balance | ||||||||||||||||||||||||||||||
as of | Realized | Unrealized | Gross | Gross | as of | |||||||||||||||||||||||||||
August 31, | Gains | Appreciation | Gross | Gross | Transfers | Transfers | August 31, | |||||||||||||||||||||||||
Investments in Securities | 2013 | (Losses) | (Depreciation) | Purchases | Sales | in | out | 2014 | ||||||||||||||||||||||||
Common Stock | ||||||||||||||||||||||||||||||||
China | $242,410 | $— | $— | $— | $— | $— | ($242,410 | ) | $— | |||||||||||||||||||||||
Pakistan | 209,664 | — | 29,952 | — | — | — | — | 239,616 | ||||||||||||||||||||||||
Rights | ||||||||||||||||||||||||||||||||
China | 39,538 | — | (39,538 | ) | — | — | — | — | — | |||||||||||||||||||||||
Total | $491,612 | $— | ($9,586 | ) | $— | $— | $— | ($242,410 | ) | $239,616 | ||||||||||||||||||||||
All net realized and change in unrealized gains (losses) in the table above are reflected on the accompanying Statement of Operations. The change in net unrealized gains (losses) for Level 3 Investments held by the fund at August 31, 2014 was $29,952.
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were transfers out of Level 3 to Level 1. Transfers from Level 3 to Level 1 are a result of the availability of current and reliable market-based data provided by third-party pricing services or other valuation techniques which utilize significant observable inputs. There were no transfers between Level 1 and Level 2 for the period ended August 31, 2014.
32 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments, at value (cost $1,145,116,184) including securities on loan of $11,724,865 | $1,270,671,335 | |||||
Collateral invested for securities on loan, at value (cost $12,267,973) | + | 12,267,973 | ||||
Total investments, at value (cost $1,157,384,157) | 1,282,939,308 | |||||
Foreign currency, at value (cost $1,113,108) | 1,111,444 | |||||
Receivables: | ||||||
Dividends | 2,817,516 | |||||
Fund shares sold | 576,726 | |||||
Income from securities on loan | 21,557 | |||||
Foreign tax reclaims | + | 13,648 | ||||
Total assets | 1,287,480,199 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 12,267,973 | |||||
Payables: | ||||||
Investments bought | 588,752 | |||||
Investment adviser fees | 29,262 | |||||
Foreign capital gains tax | 753,160 | |||||
Variation margin on futures contracts | + | 1,350 | ||||
Total liabilities | 13,640,497 | |||||
Net Assets | ||||||
Total assets | 1,287,480,199 | |||||
Total liabilities | − | 13,640,497 | ||||
Net assets | $1,273,839,702 | |||||
Net Assets by Source | ||||||
Capital received from investors | 1,206,755,582 | |||||
Net investment income not yet distributed | 21,366,306 | |||||
Net realized capital losses | (79,083,239 | ) | ||||
Net unrealized capital appreciation | 124,801,053 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$1,273,839,702 | 46,600,000 | $27.34 |
See financial notes 33
Table of Contents
Schwab Emerging Markets Equity ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends (net of foreign withholding tax of $3,728,960) | $29,463,768 | |||||
Interest (net of foreign withholding tax of $24) | 2,348 | |||||
Securities on loan | + | 245,843 | ||||
Total investment income | 29,711,959 | |||||
Expenses | ||||||
Investment adviser fees | 1,413,989 | |||||
Total expenses | − | 1,413,989 | ||||
Net investment income | 28,297,970 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized losses on investments (net of foreign capital gains tax of $48,980) | (22,554,022 | ) | ||||
Net realized losses on futures contracts | (8,534 | ) | ||||
Net realized losses on foreign currency transactions | + | (64,183 | ) | |||
Net realized losses | (22,626,739 | ) | ||||
Net change in unrealized appreciation (depreciation) on investments (net of foreign capital gains tax of ($753,160)) | 194,866,044 | |||||
Net change in unrealized appreciation (depreciation) on futures contracts | (1,629 | ) | ||||
Net change in unrealized appreciation (depreciation) on foreign currency translations | + | 26,705 | ||||
Net change in unrealized appreciation (depreciation) | + | 194,891,120 | ||||
Net realized and unrealized gains | 172,264,381 | |||||
Increase in net assets resulting from operations | $200,562,351 |
34 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $28,297,970 | $19,909,084 | ||||||||
Net realized losses | (22,626,739 | ) | (35,145,718 | ) | ||||||
Net change in unrealized appreciation (depreciation) | + | 194,891,120 | (24,210,404 | ) | ||||||
Increase (Decrease) in net assets resulting from operations | 200,562,351 | (39,447,038 | ) | |||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($23,217,480 | ) | ($14,760,500 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 11,200,000 | $284,579,691 | 14,400,000 | $368,497,242 | ||||||||||||||
Shares redeemed | + | — | — | (800,000 | ) | (17,970,050 | ) | |||||||||||
Net transactions in fund shares | 11,200,000 | $284,579,691 | 13,600,000 | $350,527,192 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 35,400,000 | $811,915,140 | 21,800,000 | $515,595,486 | ||||||||||||||
Total increase | + | 11,200,000 | 461,924,562 | 13,600,000 | 296,319,654 | |||||||||||||
End of period | 46,600,000 | $1,273,839,702 | 35,400,000 | $811,915,140 | ||||||||||||||
Net investment income not yet distributed | $21,366,306 | $16,348,414 |
See financial notes 35
Table of Contents
Schwab International Equity ETFs
Financial Notes
1. Business Structure of the Funds
Each of the funds in this report is a series of Schwab Strategic Trust (the “trust”), a no-load, open-end management investment company. The trust is organized as a Delaware statutory trust and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The list below shows all the operational funds in the trust as of the end of the period, including the funds discussed in this report, which are highlighted:
Schwab Strategic Trust (organized January 27, 2009) | Schwab U.S. REIT ETF | |||
Schwab International Equity ETF | Schwab U.S. TIPS ETF | |||
Schwab International Small-Cap Equity ETF | Schwab Short-Term U.S. Treasury ETF | |||
Schwab Emerging Markets Equity ETF | Schwab Intermediate-Term U.S. Treasury ETF | |||
Schwab U.S. Broad Market ETF | Schwab U.S. Aggregate Bond ETF | |||
Schwab U.S. Large-Cap ETF | Schwab Fundamental U.S. Broad Market Index ETF | |||
Schwab U.S. Large-Cap Growth ETF | Schwab Fundamental U.S. Large Company Index ETF | |||
Schwab U.S. Large-Cap Value ETF | Schwab Fundamental U.S. Small Company Index ETF | |||
Schwab U.S. Mid-Cap ETF | Schwab Fundamental International Large Company Index ETF | |||
Schwab U.S. Small-Cap ETF | Schwab Fundamental International Small Company Index ETF | |||
Schwab U.S. Dividend Equity ETF | Schwab Fundamental Emerging Markets Large Company Index ETF | |||
The funds issue and redeem shares at their net assets value per share (“NAV”) only in large blocks of shares, typically 50,000 shares or more (“Creation Units”). These transactions are usually in exchange for a basket of securities and an amount of cash. As a practical matter, only institutions or large investors purchase or redeem Creation Units. Except when aggregated in Creation Units, shares of the fund are not redeemable securities.
Individual shares of the funds trade on national securities exchanges and elsewhere during the trading day and can only be bought and sold at market prices throughout the trading day through a broker-dealer. Because fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV (premium) or less than NAV (discount).
Each fund maintains its own account for purposes of holding assets and accounting, and is considered a separate entity for tax purposes. Within its account, each fund may also keep certain assets in segregated accounts, as required by securities law.
2. Significant Accounting Policies:
The following is a summary of the significant accounting policies the funds use in their preparation of financial statements. The funds follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification Topic 946 Financial Services - Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
For more information about the underlying funds’ operations and policies, please refer to those funds’ semiannual and annual reports, which are filed with the U.S. Securities and Exchange Commission (“SEC”).
(a) Security Valuation:
Under procedures approved by the funds’ Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the funds to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.
The funds value the securities in their portfolios every business day. The funds use the following policies to value various types of securities:
• | 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 halfway between 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. |
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Schwab International Equity ETFs
Financial Notes (continued)
2. Significant Accounting Policies (continued):
• | Securities for which no quoted value is available: The Board has adopted procedures to fair value each fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security 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. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques 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. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the funds pursuant to the valuation procedures. | |
• | Bonds and notes: Bonds and notes are valued at halfway between the most recent bid and ask quotes or, if such quotes are unavailable, at prices for securities of comparable maturity, credit quality and type. Valuations for bonds and notes are provided by independent bond-pricing services. | |
• | Futures contracts (“futures”): Futures are valued at their settlement prices as of the close of their exchanges. | |
• | Short-term securities (60 days or less to maturity): Short-term securities may be valued at amortized cost, which approximates market value. | |
• | Underlying funds: Mutual funds are valued at their respective NAVs. Exchange traded funds (“ETFs”) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable. |
In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques 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 the funds determine 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 management judgment will be required to estimate fair value.
The three levels of the fair value hierarchy are as follows:
• | Level 1 — quoted prices in active markets for identical securities — 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, ETFs and futures contracts. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, which are classified as Level 1 prices. | |
• | 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. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. | |
• | Level 3 — significant unobservable inputs (including the funds’ own 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 available for these securities, the funds use one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the funds in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active |
37
Table of Contents
Schwab International Equity ETFs
Financial Notes (continued)
2. Significant Accounting Policies (continued):
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 by the funds in the absence of market information. Assumptions used by the funds due to the lack of observable inputs may significantly impact the resulting fair value and therefore the funds’ results of operations. |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the funds’ investments as of August 31, 2014 are disclosed in the Portfolio Holdings.
(b) Accounting Policies for certain Portfolio Investments (if held):
Futures Contracts: Futures contracts are instruments that represent an agreement between two parties that obligates one party to buy, and the other party to sell, specific instruments at an agreed upon price on a stipulated future date. A fund must give the broker a deposit of cash and/or securities (initial margin) whenever it enters into a futures contract. The amount of the deposit may vary from one contract to another. Subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contract and are accounted for as unrealized appreciation or depreciation until the contract is closed, at which time the gains or losses are realized. Futures are traded publicly on exchanges, and their market value may change daily.
Securities Lending: Under the trust’s Securities Lending Program, a fund (lender) may make short-term loans of its securities to another party (borrower) to generate additional revenue for the fund. The borrower pledges collateral in the form of cash, securities issued or fully guaranteed by the U.S. government or foreign governments, or letters of credit issued by a bank. Collateral at the individual loan level is required to be maintained on a daily marked-to-market basis in an amount at least equal to the current value of the securities loaned. The lending agent provides a fund with indemnification against borrower default (the borrower fails to return the security on loan) reducing the risk of loss as a result of default. The cash collateral of securities loaned is currently invested in money market portfolios operating under Rule 2a-7 of the 1940 Act. Each fund bears the risk of loss with respect to the investment of cash collateral. The terms of the securities lending agreement allow the funds to terminate any loans at any given time. Securities lending income, as disclosed in a fund’s Statement of Operations, if applicable, represents the income earned from the investment of the cash collateral plus any fees paid by borrowers, less the fees paid to the lending agent and broker rebates which are subject to adjustments pursuant to the securities lending agreement. On loans not collateralized by cash, a fee is received from the borrower, and is allocated between a fund and the lending agent. A fund retains the right to recall a security on loan. The aggregate market value of securities loaned will not at any time exceed one-third of the total assets of a fund, including collateral received from the loan (at market value computed at the time of the loan). Total costs and expenses, including agent fees, associated with securities lending activities under the trust’s Securities Lending Program paid to the unaffiliated lending agent are approximately 15% of the gross lending revenues.
The values of the securities on loan and the related cash collateral are disclosed in the funds’ Portfolio Holdings and the Statement of Assets and Liabilities. The following table presents the non-cash collateral as of August 31, 2014.
Non-Cash | ||||
Collateral Received | ||||
Schwab Emerging Markets Equity ETF | $236,059 |
(c) Security Transactions:
Security transactions are recorded as of the date the order to buy or sell the security is executed. Realized gains and losses from security transactions are based on the identified costs of the securities involved.
Assets and liabilities denominated in foreign currencies are reported in U.S. dollars. For assets and liabilities held on a given date, the dollar value is based on market exchange rates in effect on that date. Transactions involving foreign currencies, including purchases, sales, income receipts and expense payments, are calculated using exchange rates in effect on the transaction date. Realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions and the difference between the recorded amounts of dividends, interest, and foreign withholding taxes and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign
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Table of Contents
Schwab International Equity ETFs
Financial Notes (continued)
2. Significant Accounting Policies (continued):
exchange gains or losses arise from changes in foreign exchange rates on foreign denominated assets and liabilities other than investments in securities held at the end of the reporting period. These realized and unrealized foreign exchange gains or losses are reported in foreign currency transactions or translations on the Statement of Operations. The funds do not isolate the portion of the fluctuations on investments resulting from changes in foreign currency exchange rates from the fluctuations in market prices of investments held. Such fluctuations are included with the net realized and unrealized gain or loss from investments.
Gains realized by the funds on the sale of securities in certain foreign countries may be subject to non-U.S. taxes. In those instances, the funds record a liability based on unrealized gains to provide for potential non-U.S. taxes payable upon the sale of these securities.
When a fund closes out a futures position, it calculates the difference between the value of the position at the beginning and at the end of the contract, and records a realized gain or loss accordingly.
(d) Investment Income:
Interest income is recorded as it accrues. Dividends and distributions from portfolio securities and underlying funds are recorded on the date they are effective (the ex-dividend date), although the funds record certain foreign security dividends on the day they learn of the ex-dividend date. Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds.
Income received from foreign sources may result in withholding tax. Withholding taxes are accrued at the same time as the related income if the tax rate is fixed and known, unless a tax withheld is reclaimable from the local tax authorities in which case it is recorded as receivable. If the tax rate is not known or estimable, such expense or reclaim receivable is recorded when the net proceeds are received.
(e) Expenses:
Pursuant to the Investment Advisory Agreement (“Advisory Agreement”) between Charles Schwab Investment Management, Inc. (“CSIM” or the “investment adviser”) and the trust, the investment adviser will pay the operating expenses of each fund, excluding interest expense, taxes, any brokerage expenses, and extraordinary or non-routine expenses. Interest expense, taxes, any brokerage expenses and extraordinary or non-routine expenses that are specific to a fund are charged directly to the fund.
(f) Distributions to Shareholders:
The funds make distributions from net investment income and net realized capital gains, if any, once a year.
(g) Accounting Estimates:
The accounting policies described in this report conform to GAAP. Notwithstanding this, shareholders should understand that in order to follow these principles, fund management has to make estimates and assumptions that affect the information reported in the financial statements. It’s possible that once the results are known, they may turn out to be different from these estimates and these differences may be material.
(h) Federal Income Taxes:
The funds intend to meet federal income and excise tax requirements for regulated investment companies. Accordingly, the funds distribute substantially all of their net investment income and realized net capital gains, if any, to their respective shareholders each year. As long as a fund meets the tax requirements, it is not required to pay federal income tax.
(i) Foreign Taxes:
The funds may be subject to foreign taxes (a portion of which may be reclaimable) on income, corporate events, foreign currency exchanges and capital gains on investments. All foreign taxes are recorded in accordance with the applicable foreign tax regulations and rates that exist in foreign markets in which the funds invest. These foreign taxes, if any, are paid by the funds and are disclosed in the Statement of Operations. Foreign taxes payable as of August 31, 2014, if any, are reflected in the funds’ Statements of Assets and Liabilities.
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Table of Contents
Schwab International Equity ETFs
Financial Notes (continued)
2. Significant Accounting Policies (continued):
(j) Indemnification:
Under the funds’ organizational documents, the officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the funds. In addition, in the normal course of business the funds enter into contracts with their vendors and others that provide general indemnifications. The funds’ maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the funds. However, based on experience, the funds expect the risk of loss attributable to these arrangements to be remote.
3. Risk Factors:
Investing in the funds may involve certain risks, as discussed in the funds’ prospectus, including, but not limited to, those described below. Any of these risks could cause an investor to lose money.
Market Risk. Stock markets rise and fall daily. As with any investment whose performance is tied to these markets, the value of the investment in a fund will fluctuate, which means that the investors could lose money.
Investment Style Risk. The funds are not actively managed. Therefore, a fund follows the securities included in an index during upturns as well as downturns. Because of their indexing strategies, the funds do not take steps to reduce market exposure or to lessen the effects of a declining market. In addition, because of a fund’s expenses, the fund’s performance is normally below that of the index.
Equity Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.
Large-Cap and Mid-Cap Risk. Certain funds invest in large- and mid-cap stocks. Both large- and mid-cap stocks tend to go in and out of favor based on market and economic conditions. However, stocks of mid-cap companies tend to be more vulnerable to adverse business or economic events than larger more established companies. During a period when large-and mid-cap stocks fall behind other types of investments — small-cap stocks, for instance — a fund’s large- and mid-cap holdings could reduce performance.
Small-Cap Risk. Certain funds invest in small-cap stocks. Historically, small-cap stocks have been riskier than large- and mid-cap stocks, and their prices may move sharply, especially during market upturns and downturns. Small-cap companies may be more vulnerable to adverse business or economic events than larger, more established companies. During a period when small-cap stocks fall behind other types of investments — large-cap and mid-cap stocks, for instance — a fund’s small-cap holdings could reduce performance.
Foreign Investment Risk. A fund’s investments in securities of foreign issuers may involve certain risks that are greater than those associated with investments in securities of U.S. issuers. These include risks of adverse changes in foreign economic, political, regulatory and other conditions; changes in currency exchange rates or exchange control regulations (including limitations on currency movements and exchanges); the imposition of economic sanctions or other government restrictions; differing accounting, auditing, financial reporting and legal standards and practices; differing securities market structures; and higher transaction costs. These risks may negatively impact the value or liquidity of a fund’s investments, and could impair the fund’s ability to meet its investment objective or invest in accordance with its investment strategy. These risks may be heightened in connection with investments in emerging markets. Foreign securities also include ADRs, GDRs, and EDRs, which are receipts issued by U.S. and foreign banks that represent shares of foreign-based corporations. Investment in ADRs, GDRs and EDRs may be less liquid than the underlying shares in their primary trading market and GDRs, many of which are issued by companies in emerging markets, may be more volatile. To the extent a fund’s investments in a single country or a limited number of countries represent a larger percentage of the fund’s assets, the fund’s performance may be adversely affected by the economic, political and social conditions in those countries and the fund may be subject to increased price volatility.
Emerging Markets Risk. Certain funds invest in emerging markets. Emerging market countries may be more likely to experience political turmoil or rapid changes in market or economic conditions than more developed countries. Emerging market countries often have less uniformity in accounting and reporting requirements and greater risk associated with the custody of securities. It is sometimes difficult to obtain and enforce court judgments in such countries and there is often a greater potential for nationalization and/or expropriation of assets by the government of an emerging market country. In addition, the financial
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Table of Contents
Schwab International Equity ETFs
Financial Notes (continued)
3. Risk Factors (continued):
stability of issuers (including governments) in emerging market countries may be more precarious than in other countries. As a result, there will tend to be an increased risk of price volatility associated with a fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar.
Sampling Index Tracking Risk. Each fund uses statistical sampling techniques, and as a result, a fund may not fully replicate the index and may hold securities not included in the index. As a result, a fund is subject to the risk that the Adviser’s investment management strategy, the implementation of which is subject to a number of constraints, may not produce the intended results. Because each fund uses a sampling approach, it may not track the return of the index as well as it would if a fund purchased all of the securities in its benchmark index.
Tracking Error Risk. As an index fund, each fund seeks to track the performance of its benchmark index, although it may not be successful in doing so. The divergence between the performance of a fund and its benchmark index, positive or negative, is called “tracking error.” Tracking error can be caused by many factors and it may be significant.
Derivatives Risk. Each fund may invest in derivative instruments. The principal types of derivatives a fund may use are futures contracts. A futures contract is an agreement to buy or sell a financial instrument at a specific price on a specific day. A fund’s use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Certain of these risks, such as market risk and liquidity risk, are discussed elsewhere in this section. A fund’s use of derivatives is also subject to leverage risk, credit risk, lack of availability risk, valuation risk, correlation risk and tax risk. Leverage risk is the risk that use of derivatives may magnify the effect of any decrease or increase in the value of the fund’s portfolio securities. Credit risk is the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations. Lack of availability risk is the risk that suitable derivative transactions may not be available in all circumstances for risk management or other purposes. Valuation risk is the risk that a particular derivative may be valued incorrectly. Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Tax risk is the risk that the use of derivatives may cause a fund to realize higher amounts of short-term capital gain. These risks could cause a fund to lose more than the principal amount invested.
Liquidity Risk. A particular investment may be difficult to purchase or sell. A fund may be unable to sell a security at an advantageous time or price.
Securities Lending Risk. Securities lending involves the risk of loss of rights in the collateral or delay in recovery of the collateral if the borrower fails to return the security loaned or becomes insolvent.
Concentration Risk. To the extent that a fund’s or an index’s portfolio is concentrated in the securities of issuers in a particular market, industry, group of industries, sector or asset class, the fund may be adversely affected by the performance of those securities, may be subject to increased price volatility and may be more susceptible to adverse economic, market, political or regulatory occurrences affecting that market, industry, group of industries, sector or asset class.
Market Trading Risk. Although fund shares are listed on national securities exchanges, there can be no assurance that an active trading market for fund shares will develop or be maintained. If an active market is not maintained, investors may find it difficult to buy or sell fund shares.
Shares of the Fund May Trade at Prices Other Than NAV. Fund shares may be bought and sold in the secondary market at market prices. Although it is expected that the market price of the shares of a fund will approximate the fund’s NAV, there may be times when the market price and the NAV vary significantly. Investors may pay more than NAV when they buy shares of a fund in the secondary market, and may receive less than NAV when they sell those shares in the secondary market (See Frequency Distribution of Discounts and Premiums in Other Information for an overview showing the frequency at which the daily closing price was at a discount or a premium to a fund’s daily NAV).
Lack of Government Insurance or Guarantee. An investment in a fund is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Please refer to the funds’ prospectus for a more complete description of the principal risks of investing in the funds.
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Financial Notes (continued)
4. Affiliates and Affiliated Transactions:
CSIM, a wholly owned subsidiary of The Charles Schwab Corporation, serves as each fund’s investment adviser pursuant to an Advisory Agreement between CSIM and the trust.
For its advisory services to the funds, CSIM is entitled to receive an annual fee, payable monthly, based on a percentage of each fund’s average daily net assets as follows:
Schwab | Schwab | |||||||||
Schwab | International | Emerging | ||||||||
International | Small-Cap | Markets | ||||||||
Equity ETF | Equity ETF | Equity ETF | ||||||||
0.08% | 0.19% | 0.14% |
Prior to March 5, 2014, the management fee of the Schwab International Small-Cap Equity ETF and Schwab Emerging Markets Equity ETF were 0.20% and 0.15%, respectively. Prior to April 18, 2014, the management fee of the Schwab International Equity ETF was 0.09%.
Certain Schwab funds may own shares of other Schwab funds. The table below reflects the percentages of shares of each fund in this report that are owned by other Schwab funds as of August 31, 2014, as applicable:
Underlying Funds | ||||||||||||
Schwab | Schwab | |||||||||||
Schwab | International | Emerging | ||||||||||
International | Small-Cap | Markets | ||||||||||
Equity ETF | Equity ETF | Equity ETF | ||||||||||
Schwab VIT Balanced Portfolio | 0.2% | 0.2% | 0.2% | |||||||||
Schwab VIT Balanced with Growth Portfolio | 0.6% | 0.7% | 0.5% | |||||||||
Schwab VIT Growth Portfolio | 0.8% | 1.3% | 0.7% |
Pursuant to an exemptive order issued by the SEC, the funds may enter into interfund borrowing and lending transactions with other Schwab Funds including Schwab ETFs. All loans are for temporary or emergency purposes only. The interest rate to be charged on a loan is the average of the overnight repurchase agreement rate and the short-term bank loan rate. The interfund lending facility is subject to the oversight and periodic review of the Board. The funds had no interfund borrowing or lending activity during the period.
5. Other Service Providers:
SEI Investments Distribution Co. is the principal underwriter and distributor of shares of the funds.
State Street Bank and Trust Company (“State Street”) serves as the funds’ transfer agent. As part of these services, the transfer agent maintains records pertaining to the sale, redemption and transfer of the funds’ shares.
State Street also serves as custodian and accountant for the funds. The custodian is responsible for the daily safekeeping of securities and cash held by the funds. The funds’ accountant maintains all books and records related to the funds’ transactions.
6. Board of Trustees:
The Board may include people who are officers and/or directors of CSIM or its affiliate. Federal securities law limits the percentage of such “interested persons” who may serve on a trust’s board, and the trust was in compliance with these limitations throughout the report period. The trust did not pay any of these interested persons for their services as trustees. For information regarding the trustees please refer to the Trustees and Officers table at the end of this report.
7. Borrowing from Banks:
The funds have access to custodian overdraft facilities and to an uncommitted line of credit of $100 million with State Street. The funds pay interest on the amounts they borrow at rates that are negotiated periodically.
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Schwab International Equity ETFs
Financial Notes (continued)
7. Borrowing from Banks (continued):
There were no borrowings from the line of credit by the funds during the period. However, the funds may have utilized their overdraft facility and incurred interest expense, which is disclosed on the funds’ Statements of Operations, if any. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.
8. Derivatives:
Certain funds entered into equity index futures contracts during the report period. The funds invested in futures to equitize available cash. The fair value and variation margin for futures contracts held at August 31, 2014 are presented on the Portfolio Holdings and Statement of Assets and Liabilities, respectively. The net realized/unrealized gains (losses) on futures contracts are presented on the Statement of Operations. Refer to financial note 2(b) for the funds’ accounting policies with respect to futures contracts and financial note 3 for disclosures concerning the risks of investing in futures contracts. During the period, the month-end average contract values of futures contracts held by the funds and the month-end average number of contracts held were as follows:
Contract Values | Number of Contracts | |||||||
Schwab International Equity ETF | $607,215 | 6 | ||||||
Schwab International Small-Cap Equity ETF | 7,896 | 1 | ||||||
Schwab Emerging Markets Equity ETF | 67,863 | 1 |
9. Purchases and Sales/Maturities of Investment Securities:
For the period ended August 31, 2014, purchases and sales/maturities of securities (excluding in-kind transactions and short-term obligations) were as follows:
Purchases of Securities | Sales/Maturities of Securities | |||||||
Schwab International Equity ETF | $284,999,517 | $137,537,690 | ||||||
Schwab International Small-Cap Equity ETF | 71,148,164 | 57,783,759 | ||||||
Schwab Emerging Markets Equity ETF | 213,519,487 | 87,947,932 |
10. In-Kind Transactions:
The consideration for the purchase of Creation Units of a fund generally consists of the in-kind deposit of a designated portfolio of equity securities, which constitutes an optimized representation of the securities involved in a relevant fund’s underlying index, and an amount of cash. Investors purchasing and redeeming Creation Units are subject to a standard creation transaction fee and a standard redemption transaction fee paid to the custodian to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units. Purchasers and redeemers of Creation Units for cash are subject to an additional variable charge paid to the fund that will offset the transaction costs to the fund of buying or selling portfolio securities. In addition, purchasers and redeemers of shares in Creation Units are responsible for payment of the costs of transferring securities to or out of the fund. From time to time, CSIM may cover the cost of any transaction fees when believed to be in the best interests of a fund.
The in-kind transactions for the period ended August 31, 2014 were as follows:
In-Kind Purchases of Securities | In-Kind Sales of Securities | |||||||
Schwab International Equity ETF | $820,866,943 | $— | ||||||
Schwab International Small-Cap Equity ETF | 94,562,918 | 33,815,501 | ||||||
Schwab Emerging Markets Equity ETF | 163,508,951 | — |
For the period ended August 31, 2014, the funds realized net capital gains or losses resulting from in-kind redemptions of Creation Units. Because such gains or losses are not taxable to the funds and are not distributed to existing fund shareholders, the gains or losses are reclassified from accumulated net realized gains or losses to capital received from investors at the end of the funds’ tax year. These reclassifications have no effect on net assets or net asset values per share. The net realized in-kind gains or losses for the period ended August 31, 2014 are disclosed in the funds’ Statements of Operations.
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Schwab International Equity ETFs
Financial Notes (continued)
11. Federal Income Taxes
As of August 31, 2014, the components of distributable earnings on a tax-basis were as follows:
Schwab | Schwab | |||||||||||
Schwab | International | Emerging | ||||||||||
International | Small-Cap | Markets | ||||||||||
Equity ETF | Equity ETF | Equity ETF | ||||||||||
Undistributed ordinary income | $62,392,070 | $8,584,421 | $24,994,068 | |||||||||
Undistributed long-term capital gains | — | — | — | |||||||||
Unrealized appreciation | 359,525,332 | 72,065,938 | 186,323,546 | |||||||||
Unrealized depreciation | (59,890,741 | ) | (17,495,805 | ) | (70,016,594 | ) | ||||||
Other unrealized appreciation (depreciation) | (46,943 | ) | (5,062 | ) | (752,469 | ) | ||||||
Net unrealized appreciation (depreciation) | 299,587,648 | 54,565,071 | 115,554,483 | |||||||||
The primary difference between book-basis and tax-basis unrealized appreciation or unrealized depreciation of investments is the tax deferral of losses on wash sales and Real Estate Investment Trusts (REITs).
Capital loss carryforwards may be used to offset future realized capital gains for federal income tax purposes. As of August 31, 2014, the funds had capital loss carryforwards available to offset future net capital gains before the expiration dates as follows:
Schwab | Schwab | |||||||||||
Schwab | International | Emerging | ||||||||||
International | Small-Cap | Markets | ||||||||||
Expiration Date | Equity ETF | Equity ETF | Equity ETF | |||||||||
August 31, 2019 | $2,345,874 | $215,545 | $1,091,404 | |||||||||
No expiration* | 35,975,895 | 17,727,427 | 51,588,021 | |||||||||
Total | $38,321,769 | $17,942,972 | $52,679,425 | |||||||||
* | As a result of the passage of the Regulated Investment Company Modernization Act of 2010, capital losses incurred after December 31, 2010 may now be carried forward indefinitely, but must retain the character of the original loss. However, such losses must be utilized prior to the pre-enactment capital losses, which may increase the likelihood that the pre-enactment capital losses may expire unused. Under pre-enactment law, capital losses could be carried forward for eight years, and carried forward as short-term capital loss, irrespective of the character of the original loss. |
For tax purposes, realized net capital losses and late-year ordinary losses incurred after October 31 may be deferred and treated as occurring on the first day of the following fiscal year. For the year ended August 31, 2014, the funds had capital losses deferred as follows:
Schwab | Schwab | |||||||||||
Schwab | International | Emerging | ||||||||||
International | Small-Cap | Markets | ||||||||||
Equity ETF | Equity ETF | Equity ETF | ||||||||||
Deferred capital losses | $8,731,491 | $4,981,697 | $20,785,006 |
The tax-basis components of distributions paid during the current and prior fiscal years were:
Schwab | Schwab | |||||||||||
Schwab | International | Emerging | ||||||||||
International | Small-Cap | Markets | ||||||||||
Equity ETF | Equity ETF | Equity ETF | ||||||||||
Current period distributions | ||||||||||||
Ordinary income | $41,541,200 | $9,580,780 | $23,217,480 | |||||||||
Long-term capital gains | — | — | — | |||||||||
Prior period distributions | ||||||||||||
Ordinary income | 26,201,560 | 6,079,500 | 14,760,500 | |||||||||
Long-term capital gains | — | — | — |
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Schwab International Equity ETFs
Financial Notes (continued)
11. Federal Income Taxes (continued):
Distributions paid to shareholders are based on net investment income and net realized gains determined on a tax basis, which may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to differing treatment for items such as short-term capital gains and losses, in-kind transactions, capital losses related to wash sales, and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes. The fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.
The permanent book and tax basis differences may result in reclassifications between components of net assets as required. The adjustments have no impact on net assets or the results of operations. As of August 31, 2014, the funds made the following reclassifications:
Schwab | Schwab | |||||||||||
Schwab | International | Emerging | ||||||||||
International | Small-Cap | Markets | ||||||||||
Equity ETF | Equity ETF | Equity ETF | ||||||||||
Capital shares | $— | $13,847,596 | $— | |||||||||
Undistributed net investment income | 231,904 | 983,128 | (62,598 | ) | ||||||||
Net realized gains and losses | (231,904 | ) | (14,830,724 | ) | 62,598 |
For the period ended August 31, 2014, the following funds reclassified non-taxable security gains and losses realized on the in-kind redemption of Creation Units (Note 10) as an increase or decrease to capital received from investors in the Statement of Assets and Liabilities as follows:
Schwab | Schwab | |||||||||||
Schwab | International | Emerging | ||||||||||
International | Small-Cap | Markets | ||||||||||
Equity ETF | Equity ETF | Equity ETF | ||||||||||
$— | $14,142,786 | $— |
As of August 31, 2014, management has reviewed the tax positions for open periods (for federal purposes, three years from the date of filing and for state purposes, four years from the date of filing) as applicable to the funds, and has determined that no provision for income tax is required in the funds’ financial statements. The funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the period ended August 31, 2014, the funds did not incur any interest or penalties.
12. Other:
As a result of recent political and military actions undertaken by the Russian Federation, the U.S. and the European Union have instituted various economic sanctions against Russian individuals and entities. The U.S. and/or the European Union may impose additional economic sanctions, or take other actions, against individuals and/or companies in specific sectors of the Russian economy, including, but not limited to, the financial services, energy, metals and mining, engineering, and defense and defense related materials sectors. These sanctions, and the threat of additional sanctions, could have adverse consequences for the Russian economy, including continued weakening of the Russian currency, downgrades in Russia’s credit rating, and a significant decline in the value and liquidity of securities issued by Russian companies or the Russian government. Any of these events could negatively impact the investments of the Schwab Emerging Markets Equity ETF in Russian securities. These sanctions have the possibility of impairing a fund’s ability to invest in accordance with its investment strategy and/or to meet its investment objective.
In addition, as index based products, the funds will generally maintain exposure to Russian securities to the extent the indexes which they track include such securities. For this reason, the sanction instituted against Russia, and any continued disruption of the Russian economy, could negatively impact a fund’s performance to the extent its index and its portfolio contain securities of Russian issuers, and, depending on the fund’s exposure to Russian issuers, the impact could be significant.
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Schwab International Equity ETFs
Financial Notes (continued)
13. Subsequent Events:
Management has determined there are no subsequent events or transactions through the date the financial statements were issued that would have materially impacted the financial statements as presented.
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Report of Independent Registered Public Accounting Firm
To the Board of Trustees and Shareholders of:
Schwab International Equity ETF
Schwab International Small-Cap Equity ETF
Schwab Emerging Markets Equity ETF
In our opinion, the accompanying statements of assets and liabilities, including the portfolio holdings, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Schwab International Equity ETF, Schwab International Small-Cap Equity ETF and Schwab Emerging Markets Equity ETF (three of the funds constituting Schwab Strategic Trust, hereafter referred to as the “Funds”) at August 31, 2014, the results of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period then ended and the financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at August 31, 2014 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
San Francisco, California
October 17, 2014
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Other Federal Tax Information (unaudited)
The funds may elect to pass on the benefits of the foreign tax credit to its shareholders for the period ended August 31, 2014, and the respective foreign source income on the funds as follows:
Foreign Tax Credit | Foreign Source Income | |||||||
Schwab International Equity ETF | $4,451,945 | $70,042,118 | ||||||
Schwab International Small-Cap Equity ETF | 684,838 | 9,193,532 | ||||||
Schwab Emerging Markets Equity ETF | 3,592,644 | 33,158,433 |
For the period ended August 31, 2014, the funds designated the following amounts of the dividend distributions as qualified dividends for the purpose of the maximum rate under section 1(h)(ii) of the Internal Revenue Code. Shareholders will be notified in January 2015 via IRS form 1099 of the amount for use in preparing their 2014 income tax return.
Schwab International Equity ETF | $40,243,445 | |||
Schwab International Small-Cap Equity ETF | 5,442,726 | |||
Schwab Emerging Markets Equity ETF | 18,436,838 |
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Other Information (unaudited)
Frequency Distribution of Discounts and Premiums
Market Price vs. NAV as of August 31, 2014
The following charts are provided to show the frequency at which the daily closing market price on the NYSE Arca, Inc. (“Exchange”), the secondary market for shares of each fund, was at a discount or premium to such fund’s daily NAV. The “Market Price” of each fund generally is determined using the midpoint between the highest bid and lowest offer on the Exchange, as of the time that the fund’s NAV is calculated. Each fund’s Market Price may at times be at, above or below its NAV. The discount or premium is the percentage difference between the NAV and the Market Price of a fund. A discount is the amount that a fund is trading below the reported NAV, expressed as a percentage of NAV. A premium is the amount that a fund is trading above the reported NAV, expressed as a percentage of NAV. The NAV of each Fund will fluctuate with changes in the market value of its portfolio holdings. The Market Price of each fund will fluctuate in accordance with changes in its NAV, as well as supply and demand. The data presented below represents past performance and can not be used to predict future results.
Number of Days | Number of Days | |||||||||||||||||||||||||||||||
Market Price Above NAV | Market Price Below NAV | |||||||||||||||||||||||||||||||
1-49 | 50-99 | 100-199 | >200 | 1-49 | 50-99 | 100-199 | >200 | |||||||||||||||||||||||||
Basis | Basis | Basis | Basis | Basis | Basis | Basis | Basis | |||||||||||||||||||||||||
Points | Points | Points | Points | Points | Points | Points | Points | |||||||||||||||||||||||||
Schwab International Equity ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 11/3/09 through 8/31/14 | 424 | 441 | 117 | 11 | 129 | 57 | 21 | 2 | ||||||||||||||||||||||||
Schwab International Small-Cap Equity ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 1/14/10 through 8/31/14 | 344 | 458 | 160 | 2 | 114 | 49 | 26 | 5 | ||||||||||||||||||||||||
Schwab Emerging Markets Equity ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 1/14/10 through 8/31/14 | 312 | 359 | 195 | 15 | 168 | 72 | 29 | 8 |
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Trustees and Officers
The tables below give information about the trustees and officers for the Schwab Strategic Trust which includes the funds covered in this report. The “Fund Complex” includes the Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust, Laudus Trust and Laudus Institutional Trust. The Fund Complex includes 96 funds.
The address for all trustees and officers is 211 Main Street, San Francisco, CA 94105. You can find more information about the trustees and officers in the Statement of Additional Information, which is available free by calling 1-800-435-4000.
Independent Trustees
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served1) | During the Past Five Years | the Trustee | Other Directorships | |||
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009.) | Retired/Private Investor (January 2009 – present); Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) and President, PIMCO Funds. | 21 | Director, PS Business Parks, Inc. (2005 – 2012). | |||
Stephen Timothy Kochis 1946 Trustee (Trustee of Schwab Strategic Trust since 2012.) | CEO and Owner, Kochis Global (wealth management consulting) (May 2012 – present); Chairman and CEO, Aspiriant (wealth management) (January 2008 – April 2012). | 21 | None | |||
Charles A. Ruffel 1956 Trustee (Trustee of Schwab Strategic Trust since 2009.) | Advisor (January 2008 – present) and Chief Executive Officer (January 1998 – January 2008), Asset International, Inc. (publisher of financial services information); Managing Partner and Co-Founder, Kudu Advisors, LLC (financial services) (June 2008 – present). | 21 | None | |||
Interested Trustees
�� | ||||||
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served) | During the Past Five Years | the Trustee | Other Directorships | |||
Walter W. Bettinger II2 1960 Trustee (Trustee of Schwab Strategic Trust since 2009.) | As of October 2008, President and Chief Executive Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. Since October 2008, Director, The Charles Schwab Corporation. Since May 2008, Director, Charles Schwab & Co., Inc. and Schwab Holdings, Inc. Since 2006, Director, Charles Schwab Bank. Until October 2008, President and Chief Operating Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. From 2004 through 2007, Executive Vice President and President, Schwab Investor Services. From 2004 through 2005, Executive Vice President and Chief Operating Officer, Individual Investor Enterprise, and from 2002 through 2004, Executive Vice President, Corporate Services. | 96 | None | |||
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Officers of the Trust
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
Marie Chandoha 1961 President and Chief Executive Officer (Officer of Schwab Strategic Trust since 2010.) | Executive Vice President, Charles Schwab & Co., Inc. (Sept. 2010 – present); Director, President and Chief Executive Officer (Dec. 2010 – present), Chief Investment Officer (Sept. 2010 – Oct. 2011), Charles Schwab Investment Management, Inc.; President, Chief Executive Officer (Dec. 2010 – present), and Chief Investment Officer (Sept. 2010 – Oct. 2011), Schwab Funds, Laudus Funds and Schwab ETFs; Global Head of Fixed Income Business Division, BlackRock, Inc. (formerly Barclays Global Investors) (March 2007 – August 2010). | |
George Pereira 1964 Treasurer and Principal Financial Officer (Officer of Schwab Strategic Trust since 2009.) | Senior Vice President and Chief Financial Officer (Nov. 2004 – present); Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Treasurer and Chief Financial Officer, Laudus Funds (June 2006 – present); Treasurer and Principal Financial Officer, Schwab Funds (Nov. 2004 – present) and Schwab ETFs (Oct. 2009 – present); Director, Charles Schwab Worldwide Fund, PLC and Charles Schwab Asset Management (Ireland) Limited (April 2005 – present). | |
Omar Aguilar 1970 Senior Vice President and Chief Investment Officer – Equities (Officer of Schwab Strategic Trust since 2011.) | Senior Vice President and Chief Investment Officer — Equities, Charles Schwab Investment Management, Inc. (April 2011 – present); Senior Vice President and Chief Investment Officer — Equities, Schwab Funds and Laudus Funds (June 2011 – present); Head of the Portfolio Management Group and Vice President of Portfolio Management, Financial Engines, Inc. (May 2009 – April 2011); Head of Quantitative Equity, ING Investment Management (July 2004 – Jan. 2009). | |
Brett Wander 1961 Senior Vice President and Chief Investment Officer – Fixed Income (Officer of Schwab Strategic Trust since 2011.) | Senior Vice President and Chief Investment Officer – Fixed Income, Charles Schwab Investment Management, Inc. (April 2011 – present); Senior Vice President and Chief Investment Officer – Fixed Income, Schwab Funds and Laudus Funds (June 2011 – present); Senior Managing Director, Global Head of Active Fixed Income Strategies, State Street Global Advisors (Jan. 2008 – Oct. 2010); Director of Alpha Strategies, Loomis, Sayles & Company (April 2006 – Jan. 2008). | |
David Lekich 1964 Chief Legal Officer and Secretary (Officer of Schwab Strategic Trust since 2011.) | Senior Vice President, Charles Schwab & Co., Inc. (Sept. 2011 – present); Senior Vice President and Chief Counsel, Charles Schwab Investment Management Inc. (Sept. 2011 – present); Vice President, Charles Schwab & Co., Inc., (March 2004 – Sept. 2011) and Charles Schwab Investment Management, Inc. (Jan 2011 – Sept. 2011); Secretary (April 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds (April 2011 – present); Vice President and Assistant Clerk, Laudus Funds (April 2011 – present); Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs. | |
Catherine MacGregor 1964 Vice President and Assistant Secretary (Officer of Schwab Strategic Trust since 2009.) | Vice President, Charles Schwab & Co., Inc., Charles Schwab Investment Management, Inc. (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer and Clerk (March 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary, Schwab ETFs (Oct. 2009 – present). | |
1 | Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The Schwab ETF’s retirement policy requires that independent trustees retire by December 31 of the year in which the Trustee turns 72 or the Trustee’s twentieth year of service as an independent trustee, whichever comes first. | |
2 | Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation, the parent company of the investment adviser. | |
3 | The President, Treasurer and Secretary hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
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Glossary
144A securities These securities may be sold only to qualified institutional buyers under Securities Act Rule 144A.
American Depositary Receipt (ADR) U.S. dollar-denominated receipts issued by U.S. banks or trust companies that represent shares of foreign-based corporations.
ask See “offer.”
asset allocation The practice of dividing a portfolio among different asset classes, with each asset class assigned a particular percentage to help offset risks and rewards, based on your goals, time horizon and risk tolerance.
asset class A group of securities with similar structure and basic characteristics. Stocks, bonds and cash are the three main examples of asset classes.
authorized participant (AP) A large institutional investor that places orders for creation units with the funds’ distributor.
Barclays U.S. Treasury Bills 1 − 3 Months Index An index that includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than 3 months and more than 1 month, are rated investment grade, and have $250 million or more of outstanding face value
Barclays U.S. Aggregate Bond Index A broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid ARM passthroughs), asset-backed securities, and commercial mortgage-backed securities.
beta A historical measure of an investment’s volatility relative to a market index (usually the S&P 500®). The index is defined as having a beta of 1.00. Investments with a beta higher than 1.00 have been more volatile than the index; those with a beta of less than 1.00 have been less volatile.
bid The highest price at which someone is willing to buy a security.
cap, capitalization See “market cap.”
capital gain, capital loss The difference between the amount paid for an investment and its value at a later time. If the investment has been sold, the capital gain or loss is considered a realized gain or loss. If the investment is still held, the gain or loss is still “on paper” and is considered unrealized.
commencement of operations The date that the first NAV was calculated.
creation unit (C.U.) A basket of securities that is delivered by an authorized participant (AP) to the fund equal to the current holdings of the ETF, plus a designated cash component. In return, the APs receive a large block of ETF shares (typically 50,000 shares), which investors can then buy and sell in the secondary market.
European Depositary Receipt (EDR) A negotiable security (receipt) that is issued by a European bank, and that represents shares of foreign-based corporations.
exchange A marketplace, or any organization or group that provides or maintains a marketplace for trading securities, options, futures, or commodities.
expense ratio The amount that is taken from the fund’s assets each year to cover the operating expenses. An expense ratio of 0.50% means that a fund’s expenses amount to half of one percent of its average net assets a year.
FTSE Developed ex-US Index An index comprised of approximately 85% large-cap stocks and 15% mid-cap stocks from more than 20 developed markets, excluding the US. This index defines the large- and mid-cap stocks as approximately the top 90% of the eligible universe. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE Developed Small Cap ex-US Liquid Index An index comprised of small-cap companies in developed countries excluding the United States, as defined by the index provider. The index defines the small-cap universe as approximately the bottom 10% of the eligible universe with a minimum free float capitalization of $150 million. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
FTSE Emerging Index An index comprised of large- and mid-cap companies in emerging countries, as defined by the index provider. The index defines the large and mid-cap universe as approximately the top 90% of the eligible universe. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes.
Global Depositary Receipt (GDR) A negotiable security (receipt) that is issued by a foreign bank, and that represents shares of foreign-based corporations.
gross domestic product (GDP) The output of goods and services produced by labor and property located in the United States.
inception date The date that the shares began trading in the secondary market.
indicative optimized portfolio value (IOPV) A calculation disseminated by the stock exchange that approximates the fund’s NAV every 15 seconds throughout the trading day.
liquidity The ability to convert a security or asset quickly into cash.
market cap, market capitalization The value of a company as determined by the total value of all shares of its stock outstanding. Free-float market capitalization is a variation of market capitalization that only includes shares generally available to the public, and excludes shares of a company held by entities such as the government. Modified market capitalization weighting represents a mix between conventional market capitalization weighting and equal weighting.
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market price return The return based on the change in market price per share of the fund over a given time period. Market price returns assume that dividends and capital gain distributions have been reinvested in the fund at market price.
median market cap The midpoint of the range of market caps of the stocks held by a fund. There are different ways of calculating median market cap. With a simple median, half of the stocks in the fund’s portfolio would be larger than the median, and half would be smaller. With a weighted median (the type that is calculated for these funds), half of the fund’s assets are invested in stocks that are larger than the median market cap, and half in stocks that are smaller.
MSCI EAFE (Europe, Australasia, Far East) Index A free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes; returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.
MSCI Emerging Markets Index A free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets.
net asset value (NAV) The value of one share of a fund. NAV is calculated by taking the fund’s total assets, subtracting liabilities, and dividing by the number of shares outstanding.
NAV return The return based on the change in NAV of the fund over a given time period. NAV returns assume that dividends and capital gain distributions have been reinvested in the fund.
offer (ask) The lowest price at which an individual is willing to sell a security.
open The price at which a security opened for trading on a given day.
outstanding shares, shares outstanding When speaking of the fund, indicates all shares currently held by investors.
price-to-book ratio (P/B) The market price of a company’s stock compared with its “book value.” A mutual fund’s P/B is the weighted average of the P/B of all stocks in the fund’s portfolio.
price-to-earnings ratio (P/E) The market price of a company’s stock compared with earnings over the past year. A mutual fund’s P/E is the weighted average of the P/E of all stocks in the fund’s portfolio.
primary market The market that deals with the issuance of new securities.
Russell 2000 Index An index that measures the performance of the small-cap segment of the U.S. equity universe. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership.
S&P 500 Index A market capitalization index that is designed to measure the performance of 500 leading publicly held companies in leading industries of the U.S. economy.
sampling If a fund uses a sampling method, the fund will not fully replicate the benchmark index and may hold securities not included in the index. A fund that utilizes a sampling approach may not track the return of the index.
secondary market The market in which investors purchase securities from other investors rather than directly from the issuing companies. Organized exchanges facilitate the trading of securities in the secondary market.
spread The gap between bid and ask prices of a security.
stock A share of ownership, or equity, in the issuing company.
total return The percentage that an investor would have earned or lost on an investment in the fund assuming dividends and distributions were reinvested.
tracking error The difference between the performance of the fund and its benchmark index, positive or negative.
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PRIVACY NOTICE
THIS IS NOT PART OF THE SHAREHOLDER REPORT
THIS IS NOT PART OF THE SHAREHOLDER REPORT
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© 2014 Schwab ETFs. All rights reserved.
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Notes
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Notes
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Schwab ETFstm are designed to be low-cost, diversified investments. The funds follow broad market indices and provide exposure to specific segments of the market, making each an investment option for the core portions of an investor portfolio. The list to the right shows all currently available Schwab ETFs.
Investors should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses before investing. Please call 1-800-435-4000 for a prospectus and brochure for any Schwab ETF. Please read the prospectus carefully before you invest. This report must be preceded or accompanied by a current prospectus.
Proxy Voting Policies, Procedures and Results
A description of the proxy voting policies and procedures used to determine how to vote proxies on behalf of the funds is available without charge, upon request, by visiting the Schwab ETFs’ website at www.schwabetfs.com, the SEC’s website at http://www.sec.gov, or by contacting Schwab ETFs at 1-800-435-4000.
Information regarding how a fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 is available, without charge, by visiting the fund’s website at www.schwabetfs.com or the SEC’s website at http://www.sec.gov.
Schwab ETFstm
U.S. ETFs
Schwab U.S. Broad Market ETFtm
Schwab U.S. Large-Cap ETFtm
Schwab U.S. Large-Cap Growth ETFtm
Schwab U.S. Large-Cap Value ETFtm
Schwab U.S. Mid-Cap ETFtm
Schwab U.S. Small-Cap ETFtm
Schwab U.S. Dividend Equity ETFtm
Schwab U.S. REIT ETFtm
International ETFs
Schwab International Equity ETFtm
Schwab International Small-Cap Equity ETFtm
Schwab Emerging Markets Equity ETFtm
Fixed Income ETFs
Schwab U.S. Aggregate Bond ETFtm
Schwab Short-Term U.S. Treasury ETFtm
Schwab Intermediate-Term U.S. Treasury ETFtm
Schwab U.S. TIPS ETFtm
Fundamental Index* ETFs
Schwab Fundamental U.S. Broad Market Index ETF
Schwab Fundamental U.S. Large Company Index ETF
Schwab Fundamental U.S. Small Company Index ETF
Schwab Fundamental International Large Company Index ETF
Schwab Fundamental International Small Company Index ETF
Schwab Fundamental Emerging Markets Large Company Index ETF
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
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Investment Adviser
Charles Schwab Investment Management, Inc.
211 Main Street, San Francisco, CA 94105
Schwab ETFstm
1-800-435-4000
This report is not authorized for distribution to prospective investors
unless preceded or accompanied by a current prospectus.
© 2014 Charles Schwab Investment Management, Inc. All rights reserved.
Printed on recycled paper.
MFR57933-04
00125305
Table of Contents
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Annual report dated August 31, 2014, enclosed.
Schwab U.S. Equity ETFs
Schwab U.S. Broad Market ETFtm
Schwab U.S. Large-Cap ETFtm
Schwab U.S. Large-Cap
Growth ETFtm
Schwab U.S. Large-Cap
Value ETFtm
Schwab U.S. Mid-Cap ETFtm
Schwab U.S. Small-Cap ETFtm
Schwab U.S. Dividend
Equity ETFtm
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Table of Contents
Schwab U.S. Equity ETFs
Annual Report
August 31, 2014
Schwab U.S. Broad Market ETFtm
Schwab U.S. Large-Cap ETFtm
Schwab U.S. Large-Cap
Growth ETFtm
Schwab U.S. Large-Cap
Value ETFtm
Schwab U.S. Mid-Cap ETFtm
Schwab U.S. Small-Cap ETFtm
Schwab U.S. Dividend
Equity ETFtm
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In This Report
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Performance and Fund Facts | ||
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84 |
Fund investment adviser: Charles Schwab Investment Management, Inc. (CSIM).
Distributor: SEI Investments Distribution Co.
Distributor: SEI Investments Distribution Co.
The Sector/Industry classifications in this report use the Global Industry Classification Standard (GICS), which was developed by and is the exclusive property of Morgan Stanley Capital International Inc. (MSCI) and Standard & Poor’s (S&P). GICS is a service mark of MSCI and S&P and has been licensed for use by Charles Schwab & Co., Inc. The Industry classifications used in the schedules of Portfolio Holdings are sub-categories of Sector classifications.
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Performance at a Glance
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
Total Returns for the 12 Months Ended August 31, 2014 | ||||
Schwab U.S. Broad Market ETFtm (Ticker Symbol: SCHB) | ||||
Market Price Return1 | 24.80% | |||
NAV Return1 | 24.77% | |||
Dow Jones U.S. Broad Stock Market Index | 24.74% | |||
ETF Category: Morningstar Large Blend2 | 23.09% | |||
Performance Details | pages 6-7 | |||
Schwab U.S. Large-Cap ETFtm (Ticker Symbol: SCHX) | ||||
Market Price Return1 | 25.14% | |||
NAV Return1 | 25.16% | |||
Dow Jones U.S. Large-Cap Total Stock Market Index | 25.26% | |||
ETF Category: Morningstar Large Blend2 | 23.09% | |||
Performance Details | pages 8-9 | |||
Schwab U.S. Large-Cap Growth ETFtm (Ticker Symbol: SCHG) | ||||
Market Price Return1 | 28.20% | |||
NAV Return1 | 28.11% | |||
Dow Jones U.S. Large-Cap Growth Total Stock Market Index | 28.23% | |||
ETF Category: Morningstar Large Growth2 | 27.42% | |||
Performance Details | pages 10-11 | |||
Schwab U.S. Large-Cap Value ETFtm (Ticker Symbol: SCHV) | ||||
Market Price Return1 | 22.19% | |||
NAV Return1 | 22.25% | |||
Dow Jones U.S. Large-Cap Value Total Stock Market Index | 22.40% | |||
ETF Category: Morningstar Large Value2 | 22.79% | |||
Performance Details | pages 12-13 | |||
Schwab U.S. Mid-Cap ETFtm (Ticker Symbol: SCHM) | ||||
Market Price Return1 | 24.97% | |||
NAV Return1 | 24.97% | |||
Dow Jones U.S. Mid-Cap Total Stock Market Index | 25.01% | |||
ETF Category: Morningstar Mid-Cap Blend2 | 24.42% | |||
Performance Details | pages 14-15 | |||
Schwab U.S. Small-Cap ETFtm (Ticker Symbol: SCHA) | ||||
Market Price Return1 | 20.96% | |||
NAV Return1 | 21.01% | |||
Dow Jones U.S. Small-Cap Total Stock Market Index | 20.92% | |||
ETF Category: Morningstar Small Blend2 | 19.44% | |||
Performance Details | pages 16-17 | |||
Schwab U.S. Dividend Equity ETFtm (Ticker Symbol: SCHD) | ||||
Market Price Return1 | 21.18% | |||
NAV Return1 | 21.15% | |||
Dow Jones U.S. Dividend 100tm Index | 21.32% | |||
ETF Category: Morningstar Large Blend2 | 23.09% | |||
Performance Details | pages 18-19 | |||
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
Index ownership—“Standard & Poor’s” and “S&P” are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. (CSIM). The Dow Jones Indexes are a product of S&P Dow Jones Indices LLC or its affiliates, and have been licensed for use by CSIM. The Schwab U.S. Equity ETFs, based on their respective Dow Jones Indexes, are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in such product.
1 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
2 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. |
2 Schwab U.S. Equity ETFs
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From the President
Marie Chandoha is President and CEO of Charles Schwab Investment Management, Inc. and the funds covered in this report.
Dear Shareholder,
I’d like to thank you for trusting us to help you meet your investment goals, and for reading this annual report regarding the Schwab U.S. Equity ETFs. These funds are part of our line-up of products that is designed to serve as the foundation of an investor’s portfolio. The funds track U.S. stock indices constructed by industry-leading index providers, and offer the benefits of ETF investing, including transparency, intraday trading, and potential tax efficiency, at some of the lowest operating expense ratios in the industry.
For the 12-month reporting period ended August 31, 2014, the funds generated double-digit returns that closely tracked their respective indices. Repeatedly reaching record highs during the reporting period, U.S. equities benefited from a rebound in economic growth late in the reporting period combined with assurances from the Federal Reserve that short-term interest rates would remain low. Favorable earnings reports by select companies also helped. These positive factors allowed stocks to overcome geopolitical tensions, soft economic growth early in 2014, and the Fed’s decision to reduce its policies aimed at holding down long-term interest rates.
The Dow Jones U.S. Broad Stock Market Index returned 24.7% for the reporting period. However, these results gloss over market volatility and Fed comments about stock valuations that caused the market’s
Asset Class Performance Comparison % returns during the 12 months ended 8/31/2014
This graph compares the performance of various asset classes during the report period. Final performance figures for the period are in the key below.
25.25% | S&P 500® Index: measures U.S. large-cap stocks | |||
17.68% | Russell 2000® Index: measures U.S. small-cap stocks | |||
16.43% | MSCI EAFE® Index (Net): measures (in U.S. dollars) large-cap stocks in Europe, Australasia and the Far East | |||
5.66% | Barclays U.S. Aggregate Bond Index: measures the U.S. bond market | |||
0.03% | Barclays U.S. Treasury Bills 1—3 Months Index: measures short-term U.S. Treasury obligations |
For index definitions, please see the Glossary.
Data source: Index provider websites and Charles Schwab Investment Management, Inc.
Nothing in this report represents a recommendation of a security by the investment adviser.
Management views and portfolio holdings may have changed since the report date.
Schwab U.S. Equity ETFs 3
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From the President continued
For the 12-month reporting period ended August 31, 2014, the funds generated double-digit returns that closely tracked their respective indices.
performance to fluctuate late in the reporting period. Amid this backdrop, large-cap stocks outperformed small-cap stocks, and growth stocks generally outperformed value stocks. In addition, individual sectors of the market had divergent performance. For instance, Health Care and Information Technology generally outperformed, while Telecommunication Services and Consumer Staples generally underperformed by comparison.
For more information about the Schwab U.S. Equity ETFs, please continue reading this report. In addition, you can find further details about these ETFs and about ETF investing by visiting www.schwabetfs.com, or by contacting us at 1-800-435-4000.
Sincerely,
Indices are unmanaged, do not incur management fees, costs and expenses, and cannot be invested in directly. Index return figures assume dividends and distributions were reinvested. Past performance is not an indication of future results.
4 Schwab U.S. Equity ETFs
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Fund Management
Agnes Hong, CFA, Managing Director and Head of Passive Equity Strategies, leads the portfolio management teams of Schwab’s index mutual funds and equity ETFs. She also has overall responsibility for all aspects of the management of the funds. Prior to joining CSIM in 2009, Ms. Hong spent five years as a portfolio manager at Barclays Global Investors (subsequently acquired by BlackRock), where she managed institutional index funds and quantitative active funds. Prior to that, Ms. Hong worked in management consulting and product management, servicing global financial services clients. | ||
Ferian Juwono, CFA, Managing Director and Senior Portfolio Manager, is responsible for the day-to-day co-management of the funds. Prior to joining CSIM in 2010, Mr. Juwono worked at BlackRock (formerly Barclays Global Investors), where he spent over three years as a portfolio manager, managing equity index funds for institutional clients, and nearly two years as a senior business analyst. Prior to that, Mr. Juwono worked for over four years as a senior financial analyst with Union Bank of California. | ||
Chuck Craig, CFA, Managing Director and Senior Portfolio Manager, is responsible for the day-to-day co-management of the funds. Prior to joining CSIM in 2012, Mr. Craig worked at Guggenheim Funds (formerly Claymore Group), where he spent over five years as a managing director of portfolio management and supervision, and three years as vice president of product research and development. Prior to that, he worked as an equity research analyst at First Trust Portfolios (formerly Niké Securities), and a trader and analyst at PMA Securities, Inc. |
Schwab U.S. Equity ETFs 5
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Schwab U.S. Broad Market ETF™
The Schwab U.S. Broad Market ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Broad Stock Market Index (the index). The index includes the largest 2,500 publicly traded U.S. companies for which pricing information is readily available. The index is a float-adjusted market capitalization-weighted index that reflects the shares of securities actually available to investors in the marketplace. The fund invests in a representative sample of securities included in the index which, when taken together, are expected to perform similarly to the index as a whole. Due to the use of representative sampling, the fund may not hold all of the securities in the index.
Performance. During the 12-month reporting period ended August 31, 2014, the fund closely tracked the index. The fund’s market price return was 24.80% and its NAV return was 24.77% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 24.74% during the same period.
Market Highlights. U.S. stocks generated positive returns for the 12-month reporting period, despite increased geopolitical tensions and the Federal Reserve’s (the Fed’s) measured reduction of policies aimed at holding down long-term interest rates. Supporting these results were the Fed’s reassurances that low short-term interest rates remained necessary for the time being, combined with a rebound in U.S. economic growth toward the end of the reporting period. Forecasts for stronger earnings by select companies late in the reporting period also played an important role in these returns. Within the index, stocks in the Health Care and Information Technology sectors were among the better performers, while stocks in the Telecommunication Services and Consumer Staples sectors underperformed by comparison.
Contributors and Detractors. The Information Technology sector contributed the most to the index’s return, and to the return of the fund. The large average weight of this sector reflected part of the reason for this contribution, with Information Technology stocks representing approximately 18% of the fund. The fund’s Information Technology stocks returned roughly 32% for the 12-month reporting period. One example from this sector is Apple, Inc., a company that designs, manufactures, and markets personal computers and related computing, mobile communication, and media devices, as well as a variety of related software and services. The fund’s holdings of Apple, Inc. represented the fund’s largest position within this sector and returned approximately 51%.
Health Care stocks also provided meaningful contributions to the returns of the index and the fund. The Health Care sector represented an average weight of almost 13% of the fund and returned roughly 32%. One example from this sector is Gilead Sciences, Inc., a research-based biopharmaceutical company that discovers, develops, and commercializes therapeutics to advance the care of patients suffering from life-threatening diseases. The fund’s holdings of Gilead Sciences, Inc. returned approximately 78%.
The Telecommunication Services sector generated positive returns for the index and the fund, but contributed the least to the fund’s performance. The Telecommunication Services sector represented an average weight of roughly 2% of the fund and returned approximately 14%. One example from this sector is Sprint Corp., a company that offers wireless and wireline communications to consumers, businesses, and government customers. The fund’s holdings of Sprint Corp. returned approximately -16%.
The Utilities sector also generated positive returns for the index and the fund, but was another weak overall contributor to performance. The Utilities sector represented an average weight of approximately 3% of the fund and returned roughly 21%. FirstEnergy Corp., a public utility holding company, is one example from this sector. The fund’s holdings of FirstEnergy Corp. detracted more from performance for the 12-month reporting period than any other position within this sector, and returned approximately -4%.
As of 08/31/14:
Statistics
Number of Holdings | 2,024 | |||
Weighted Average Market Cap ($ x 1,000,000) | $107,676 | |||
Price/Earnings Ratio (P/E) | 21.2 | |||
Price/Book Ratio (P/B) | 2.6 | |||
Portfolio Turnover Rate1 | 4% |
Sector Weightings % of Investments
Information Technology | 18.5% | |||
Financials | 17.2% | |||
Health Care | 13.2% | |||
Consumer Discretionary | 12.6% | |||
Industrials | 11.2% | |||
Energy | 9.6% | |||
Consumer Staples | 8.1% | |||
Materials | 3.9% | |||
Utilities | 3.0% | |||
Telecommunication Services | 2.2% | |||
Other | 0.5% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
Apple, Inc. | 2.8% | |||
Exxon Mobil Corp. | 1.9% | |||
Microsoft Corp. | 1.6% | |||
Johnson & Johnson | 1.3% | |||
General Electric Co. | 1.2% | |||
Wells Fargo & Co. | 1.1% | |||
Chevron Corp. | 1.1% | |||
Berkshire Hathaway, Inc., Class B | 1.1% | |||
JPMorgan Chase & Co. | 1.0% | |||
The Procter & Gamble Co. | 1.0% | |||
Total | 14.1% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
6 Schwab U.S. Equity ETFs
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Schwab U.S. Broad Market ETFtm
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
November 3, 2009 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | 3 Years | Since Inception* | |||||||||
Fund: Schwab U.S. Broad Market ETFtm (11/3/09) | ||||||||||||
Market Price Return2 | 24.80 | % | 20.67 | % | 17.45% | |||||||
NAV Return2 | 24.77 | % | 20.61 | % | 17.45% | |||||||
Dow Jones U.S. Broad Stock Market Index | 24.74 | % | 20.61 | % | 17.48% | |||||||
ETF Category: Morningstar Large Blend3 | 23.09 | % | 19.68 | % | 16.20% |
Fund Expense Ratio4: 0.04%
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
Index ownership—“Standard & Poor’s” and “S&P” are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. (CSIM). The “Dow Jones U.S. Broad Stock Market Index” is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by CSIM. The Schwab U.S. Broad Market ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in such product.
* | Inception (11/3/09) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
4 | As stated in the prospectus. |
Schwab U.S. Equity ETFs 7
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Schwab U.S. Large-Cap ETF™
The Schwab U.S. Large-Cap ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Total Stock Market Index (the index). The index includes the large-cap portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The index includes the components ranked 1-750 by full market capitalization. The fund will generally give the same weight to a given stock as the index does.
Performance. During the 12-month reporting period ended August 31, 2014, the fund closely tracked the index. The fund’s market price return was 25.14% and its NAV return was 25.16% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 25.26% during the same period.
Market Highlights. U.S. stocks generated positive returns for the 12-month reporting period, despite increased geopolitical tensions and the Federal Reserve’s (the Fed’s) measured reduction of policies aimed at holding down long-term interest rates. Supporting these results were the Fed’s reassurances that low short-term interest rates remained necessary for the time being, combined with a rebound in U.S. economic growth toward the end of the reporting period. Forecasts for stronger earnings by select companies late in the reporting period also played an important role in these returns. Within the index, stocks in the Information Technology and Health Care sectors were among the better performers, while stocks in the Telecommunication Services and Consumer Staples sectors underperformed by comparison.
Contributors and Detractors. The Information Technology sector contributed the most to the index’s return, and to the return of the fund. The large average weight of this sector reflected part of the reason for this contribution, with Information Technology stocks representing approximately 18% of the fund. The fund’s Information Technology stocks returned roughly 33% for the 12-month reporting period. One example from this sector is Apple, Inc., a company that designs, manufactures, and markets personal computers and related computing, mobile communication, and media devices, as well as a variety of related software and services. The fund’s holdings of Apple, Inc. represented the fund’s largest position within this sector and returned approximately 51%.
Health Care stocks also provided meaningful contributions to the index’s return, and to the return of the fund. The Health Care sector represented an average weight of roughly 13% of the fund and returned approximately 32%. One example from this sector is Gilead Sciences, Inc., a research-based biopharmaceutical company that discovers, develops, and commercializes therapeutics to advance the care of patients suffering from life-threatening diseases. The fund’s holdings of Gilead Sciences, Inc. returned approximately 78%.
The Telecommunication Services sector generated positive returns for the index and the fund, but contributed the least to the fund’s performance. The Telecommunication Services sector represented an average weight of roughly 2% of the fund, and underperformed all other sectors, returning approximately 14%. One example from this sector is Sprint Corp., a company that offers wireless and wireline communications to consumers, businesses, and government customers. The fund’s holdings of Sprint Corp. returned approximately -16%.
The Utilities sector also generated positive returns for the index and the fund, but was another weak overall contributor to performance. The Utilities sector represented an average weight of approximately 3% of the fund and returned roughly 21%. FirstEnergy Corp., a public utility holding company, is one example from this sector. The fund’s holdings of FirstEnergy Corp. were the only detractors from performance within the sector, and returned approximately -4%.
As of 08/31/14:
Statistics
Number of Holdings | 765 | |||
Weighted Average Market Cap ($ x 1,000,000) | $121,196 | |||
Price/Earnings Ratio (P/E) | 20.0 | |||
Price/Book Ratio (P/B) | 2.7 | |||
Portfolio Turnover Rate1 | 5% |
Sector Weightings % of Investments
Information Technology | 18.9% | |||
Financials | 16.4% | |||
Health Care | 13.4% | |||
Consumer Discretionary | 12.6% | |||
Industrials | 10.5% | |||
Energy | 10.1% | |||
Consumer Staples | 8.8% | |||
Materials | 3.6% | |||
Utilities | 3.0% | |||
Telecommunication Services | 2.4% | |||
Other | 0.3% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
Apple, Inc. | 3.2% | |||
Exxon Mobil Corp. | 2.2% | |||
Microsoft Corp. | 1.7% | |||
Johnson & Johnson | 1.5% | |||
General Electric Co. | 1.3% | |||
Berkshire Hathaway, Inc., Class B | 1.3% | |||
Wells Fargo & Co. | 1.3% | |||
Chevron Corp. | 1.3% | |||
JPMorgan Chase & Co. | 1.2% | |||
The Procter & Gamble Co. | 1.2% | |||
Total | 16.2% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
8 Schwab U.S. Equity ETFs
Table of Contents
Schwab U.S. Large-Cap ETFtm
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
November 3, 2009 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | 3 Years | Since Inception* | |||||||||
Fund: Schwab U.S. Large-Cap ETFtm (11/3/09) | ||||||||||||
Market Price Return2 | 25.14 | % | 20.49 | % | 17.05% | |||||||
NAV Return2 | 25.16 | % | 20.52 | % | 17.07% | |||||||
Dow Jones U.S. Large-Cap Total Stock Market Index | 25.26 | % | 20.60 | % | 17.18% | |||||||
ETF Category: Morningstar Large Blend3 | 23.09 | % | 19.68 | % | 16.20% |
Fund Expense Ratio4: 0.04%
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
Index ownership—“Standard & Poor’s” and “S&P” are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. (CSIM). The “Dow Jones U.S. Large-Cap Total Stock Market Index” is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by CSIM. The Schwab U.S. Large-Cap ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in such product.
* | Inception (11/3/09) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
4 | As stated in the prospectus. |
Schwab U.S. Equity ETFs 9
Table of Contents
Schwab U.S. Large-Cap Growth ETF™
The Schwab U.S. Large-Cap Growth ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index (the index). The index includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The index includes the components ranked 1-750 by full market capitalization and that are classified as “growth” based on a number of factors. The fund will generally give the same weight to a given stock as the index does.
Performance. During the 12-month reporting period ended August 31, 2014, the fund closely tracked the index. The fund’s market price return was 28.20% and its NAV return was 28.11% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 28.23% during the same period.
Market Highlights. U.S. stocks generated positive returns for the 12-month reporting period, despite increased geopolitical tensions and the Federal Reserve’s (the Fed’s) measured reduction of policies aimed at holding down long-term interest rates. Supporting these results were the Fed’s reassurances that low short-term interest rates remained necessary for the time being, combined with a rebound in U.S. economic growth toward the end of the reporting period. Forecasts for stronger earnings by select companies late in the reporting period also played an important role in these returns. Within the index, stocks in the Utilities and Health Care sectors were among the better performers, while stocks in the Consumer Staples and Consumer Discretionary sectors underperformed by comparison.
Contributors and Detractors. The Information Technology sector was the biggest contributor to the index’s return, and to the return of the fund. The large average weight of this sector reflected part of the reason for this contribution, with Information Technology stocks representing approximately 28% of the fund. In addition, the fund’s Information Technology stocks returned roughly 32%. One example from this sector is Apple, Inc., a company that designs, manufactures, and markets personal computers and related computing, mobile communication, and media devices, as well as a variety of related software and services. The fund’s holdings of Apple, Inc. represented the fund’s largest position within this sector and returned approximately 51%.
Health Care stocks also provided meaningful contributions to the index’s return, and to the return of the fund. The Health Care sector represented an average weight of approximately 17% of the fund and returned roughly 36%. One example from this sector is Gilead Sciences, Inc., a research-based biopharmaceutical company that discovers, develops, and commercializes therapeutics to advance the care of patients suffering from life-threatening diseases. The fund’s holdings of Gilead Sciences, Inc. returned approximately 78%.
The Utilities sector generated double-digit returns for the index and the fund, but was one of the weakest contributors to the fund’s performance. The Utilities sector represented an average weight of less than 1% of the fund and returned roughly 36%. One example from this sector is ONE Gas, Inc., a provider of oil and gas services to customers in Oklahoma, Kansas, and Texas. The fund’s holdings of ONE Gas, Inc. returned approximately 6% (please note this position was sold prior to the end of the reporting period).
The Telecommunication Services sector also generated positive results for the index and the fund, but was another comparatively weak contributor to the fund’s overall return. The Telecommunication Services sector represented an average weight of less than 1% of the fund, while returning approximately 33%. One example from this sector is T-Mobile US, Inc., a national wireless carrier. The fund’s holdings of T-Mobile US, Inc. returned approximately 29%.
As of 08/31/14:
Statistics
Number of Holdings | 405 | |||
Weighted Average Market Cap ($ x 1,000,000) | $131,451 | |||
Price/Earnings Ratio (P/E) | 23.9 | |||
Price/Book Ratio (P/B) | 3.8 | |||
Portfolio Turnover Rate1 | 7% |
Sector Weightings % of Investments
Information Technology | 28.5% | |||
Health Care | 17.8% | |||
Consumer Discretionary | 14.0% | |||
Industrials | 10.8% | |||
Financials | 9.8% | |||
Energy | 8.4% | |||
Consumer Staples | 6.6% | |||
Materials | 3.1% | |||
Telecommunication Services | 0.4% | |||
Utilities | 0.2% | |||
Other | 0.4% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
Apple, Inc. | 6.3% | |||
Microsoft Corp. | 3.5% | |||
Johnson & Johnson | 3.0% | |||
Berkshire Hathaway, Inc., Class B | 2.5% | |||
Gilead Sciences, Inc. | 1.7% | |||
Google, Inc., Class A | 1.7% | |||
Google, Inc., Class C | 1.7% | |||
Schlumberger Ltd. | 1.5% | |||
Oracle Corp. | 1.5% | |||
Comcast Corp., Class A | 1.5% | |||
Total | 24.9% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
10 Schwab U.S. Equity ETFs
Table of Contents
Schwab U.S. Large-Cap Growth ETFtm
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
December 11, 2009 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | 3 Years | Since Inception* | |||||||||
Fund: Schwab U.S. Large-Cap Growth ETFtm (12/11/09) | ||||||||||||
Market Price Return2 | 28.20 | % | 20.92 | % | 16.80% | |||||||
NAV Return2 | 28.11 | % | 20.93 | % | 16.80% | |||||||
Dow Jones U.S. Large-Cap Growth Total Stock Market Index | 28.23 | % | 21.05 | % | 16.94% | |||||||
ETF Category: Morningstar Large Growth3 | 27.42 | % | 21.02 | % | 17.36% |
Fund Expense Ratio4: 0.07%
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
Index ownership—“Standard & Poor’s” and “S&P” are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. (CSIM). The “Dow Jones U.S. Large-Cap Growth Total Stock Market Index” is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by CSIM. The Schwab U.S. Large-Cap Growth ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in such product.
* | Inception (12/11/09) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
4 | As stated in the prospectus. |
Schwab U.S. Equity ETFs 11
Table of Contents
Schwab U.S. Large-Cap Value ETF™
The Schwab U.S. Large-Cap Value ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Large-Cap Value Total Stock Market Index (the index). The index includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The index includes the components ranked 1-750 by full market capitalization and that are classified as “value” based on a number of factors. The fund will generally give the same weight to a given stock as the index does.
Performance. During the 12-month reporting period ended August 31, 2014, the fund closely tracked the index. The fund’s market price return was 22.19% and its NAV return was 22.25% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 22.40% during the same period.
Market Highlights. U.S. stocks generated positive returns for the 12-month reporting period, despite increased geopolitical tensions and the Federal Reserve’s (the Fed’s) measured reduction of policies aimed at holding down long-term interest rates. »Supporting these results were the Fed’s reassurances that low short-term interest rates remained necessary for the time being, combined with a rebound in U.S. economic growth toward the end of the reporting period. Forecasts for stronger earnings by select companies late in the reporting period also played an important role in these returns. Within the index, stocks in the Information Technology and Materials sectors were among the better performers, while stocks in the Telecommunication Services and Consumer Staples sectors underperformed by comparison.
Contributors and Detractors. The Financials sector was the biggest contributor to the index’s return, and to the return of the fund. Financials stocks represented an average weight of approximately 23% of the fund, more than twice the size of any other sector. The fund’s Financials stocks returned roughly 21% for the 12-month reporting period. One example from this sector is Wells Fargo & Co., a diversified financial services company. The fund’s holdings of Wells Fargo & Co. represented the fund’s largest position within this sector and returned approximately 29%.
Information Technology stocks also provided meaningful contributions to the index’s return, and to the return of the fund. The Information Technology sector represented an average weight of almost 9% of the fund and returned roughly 36%. One example from this sector is Intel Corporation, a company that designs, manufactures, and sells computer components and related products. The fund’s holdings of Intel Corporation returned approximately 64%.
The Telecommunication Services sector generated positive results for the index and the fund, but was the weakest contributor to the fund’s performance. The Telecommunication Services sector represented an average weight of approximately 4% of the fund, while returning roughly 11% and underperforming other sectors. One example among the fund’s Telecommunication Services holdings is Sprint Corp., a company that offers wireless and wireline communications to consumers, businesses, and government customers. The fund’s holdings of Sprint Corp. returned approximately -16%.
The Materials sector also generated positive returns for the index and the fund, but was another comparatively weak contributor to the fund’s overall performance. The fund’s Materials sector represented an average weight of roughly 4% and returned approximately 27%, reflecting the overall performance of companies that manufacture chemicals, construction materials, glass, paper, forest products and related packaging products, and metals, minerals and mining companies, including producers of steel. One example from this sector is Newmont Mining Corporation, a company that acquires, explores, and develops mineral properties. The fund’s holdings of Newmont Mining Corporation were some of the only stocks within this sector to detract from performance, and returned approximately -13%.
As of 08/31/14:
Statistics
Number of Holdings | 361 | |||
Weighted Average Market Cap ($ x 1,000,000) | $110,889 | |||
Price/Earnings Ratio (P/E) | 17.1 | |||
Price/Book Ratio (P/B) | 2.1 | |||
Portfolio Turnover Rate1 | 9% |
Sector Weightings % of Investments
Financials | 23.0% | |||
Energy | 11.9% | |||
Consumer Discretionary | 11.1% | |||
Consumer Staples | 11.0% | |||
Industrials | 10.2% | |||
Information Technology | 9.2% | |||
Health Care | 8.9% | |||
Utilities | 6.0% | |||
Telecommunication Services | 4.4% | |||
Materials | 4.2% | |||
Other | 0.1% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
Exxon Mobil Corp. | 4.4% | |||
General Electric Co. | 2.7% | |||
Wells Fargo & Co. | 2.5% | |||
Chevron Corp. | 2.5% | |||
JPMorgan Chase & Co. | 2.3% | |||
The Procter & Gamble Co. | 2.3% | |||
Verizon Communications, Inc. | 2.1% | |||
Pfizer, Inc. | 1.9% | |||
International Business Machines Corp. | 1.9% | |||
AT&T, Inc. | 1.9% | |||
Total | 24.5% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
12 Schwab U.S. Equity ETFs
Table of Contents
Schwab U.S. Large-Cap Value ETFtm
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
December 11, 2009 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | 3 Years | Since Inception* | |||||||||
Fund: Schwab U.S. Large-Cap Value ETFtm (12/11/09) | ||||||||||||
Market Price Return2 | 22.19 | % | 19.96 | % | 15.13% | |||||||
NAV Return2 | 22.25 | % | 19.93 | % | 15.14% | |||||||
Dow Jones U.S. Large-Cap Value Total Stock Market Index | 22.40 | % | 20.10 | % | 15.34% | |||||||
ETF Category: Morningstar Large Value3 | 22.79 | % | 19.70 | % | 15.55% |
Fund Expense Ratio4: 0.07%
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
Index ownership—“Standard & Poor’s” and “S&P” are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. (CSIM). The “Dow Jones U.S. Large-Cap Value Total Stock Market Index” is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by CSIM. The Schwab U.S. Large-Cap Value ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in such product.
* | Inception (12/11/09) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
4 | As stated in the prospectus. |
Schwab U.S. Equity ETFs 13
Table of Contents
Schwab U.S. Mid-Cap ETF™
The Schwab U.S. Mid-Cap ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Mid-Cap Total Stock Market Index (the index). The index includes the mid-cap portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The index includes the components ranked 501–1,000 by full market capitalization. The fund will generally give the same weight to a given security as the index does.
Performance. During the 12-month reporting period ended August 31, 2014, the fund closely tracked the index. The fund’s market price return was 24.97% and its NAV return was 24.97% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 25.01% during the same period.
Market Highlights. U.S. stocks generated positive returns for the 12-month reporting period, despite increased geopolitical tensions and the Federal Reserve’s (the Fed’s) measured reduction of policies aimed at holding down long-term interest rates. Supporting these results were the Fed’s reassurances that low short-term interest rates remained necessary for the time being, combined with a rebound in U.S. economic growth toward the end of the reporting period. Forecasts for stronger earnings by select companies late in the reporting period also played an important role in these returns. Within the index, stocks in the Telecommunication Services and Energy sectors were among the better performers, while stocks in the Consumer Staples and Consumer Discretionary sectors underperformed by comparison.
Contributors and Detractors. The Industrials sector was the biggest contributor to the index’s return, and to the return of the fund. Industrials stocks represented an average weight of roughly 17% of the fund and returned approximately 29%, reflecting the overall performance of companies involved in commercial services and supplies, transportation, and in the production of capital goods for industries like aerospace and defense. One example from this sector is United Rentals, Inc., an equipment rental provider. The fund’s holdings of United Rentals, Inc. contributed more than any other stock in this sector and returned approximately 115%.
The Financials sector also provided a meaningful contribution to the index’s return, and to the return of the fund. Financials stocks represented an average weight of approximately 22% of the fund and returned roughly 22%. One example from this sector is Fidelity National Financial, Inc. - FNF Group, a provider of title insurance, mortgage services, and diversified services. The fund’s holdings of Fidelity National Financial, Inc. - FNF Group returned approximately 47%.
The Telecommunication Services sector generated impressive results for the index and the fund, but was one of the smallest contributors to the fund’s overall performance. The Telecommunication Services sector represented an average weight of approximately 1% of the fund and returned roughly 54%. One example of the fund’s Telecommunication Services holdings is Telephone and Data Systems, Inc., a diversified telecommunications company. The fund’s holdings of Telephone and Data Systems, Inc. returned approximately -3%.
The Consumer Staples sector also performed well, but was another comparatively weak contributor to the overall returns of the index and the fund. The Consumer Staples sector represented an average weight of roughly 3% of the fund and returned approximately 22%, reflecting the overall performance of manufacturers and distributors of food, beverages and tobacco, producers of non-durable household goods and personal products, food & drug retailing companies, hypermarkets, and consumer super centers. Nu Skin Enterprises, Inc. (Class A), a global direct selling company that distributes premium personal care products and nutritional supplements, is one example from this sector. The fund’s holdings of Nu Skin Enterprises, Inc. (Class A) detracted from performance and returned approximately -46%.
As of 08/31/14:
Statistics
Number of Holdings | 515 | |||
Weighted Average Market Cap ($ x 1,000,000) | $6,774 | |||
Price/Earnings Ratio (P/E) | 26.5 | |||
Price/Book Ratio (P/B) | 2.5 | |||
Portfolio Turnover Rate1 | 9% |
Sector Weightings % of Investments
Financials | 21.1% | |||
Industrials | 17.7% | |||
Consumer Discretionary | 15.0% | |||
Information Technology | 13.0% | |||
Health Care | 9.2% | |||
Materials | 7.6% | |||
Energy | 7.1% | |||
Utilities | 5.1% | |||
Consumer Staples | 2.2% | |||
Telecommunication Services | 1.2% | |||
Other | 0.8% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
American Airlines Group, Inc. | 1.1% | |||
Cheniere Energy, Inc. | 0.7% | |||
Cimarex Energy Co. | 0.5% | |||
Essex Property Trust, Inc. | 0.5% | |||
Electronic Arts, Inc. | 0.5% | |||
Lam Research Corp. | 0.5% | |||
United Rentals, Inc. | 0.4% | |||
Helmerich & Payne, Inc. | 0.4% | |||
Under Armour, Inc., Class A | 0.4% | |||
Whiting Petroleum Corp. | 0.4% | |||
Total | 5.4% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
14 Schwab U.S. Equity ETFs
Table of Contents
Schwab U.S. Mid-Cap ETFtm
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
January 13, 2011 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | 3 Years | Since Inception* | |||||||||
Fund: Schwab U.S. Mid-Cap ETFtm (1/13/11) | ||||||||||||
Market Price Return2 | 24.97 | % | 21.35 | % | 15.64% | |||||||
NAV Return2 | 24.97 | % | 21.38 | % | 15.64% | |||||||
Dow Jones U.S. Mid-Cap Total Stock Market Index | 25.01 | % | 21.47 | % | 15.73% | |||||||
ETF Category: Morningstar Mid-Cap Blend3 | 24.42 | % | 20.72 | % | 15.35% |
Fund Expense Ratio4: 0.07%
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
Index ownership—“Standard & Poor’s” and “S&P” are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. (CSIM). The “Dow Jones U.S. Mid-Cap Total Stock Market Index” is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by CSIM. The Schwab U.S. Mid-Cap ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in such product.
* | Inception (1/13/11) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
4 | As stated in the prospectus. |
Schwab U.S. Equity ETFs 15
Table of Contents
Schwab U.S. Small-Cap ETF™
The Schwab U.S. Small-Cap ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the index). The index includes the small-cap portion of the Dow Jones U.S. Total Stock Market Index actually available to investors in the marketplace. The index includes the components ranked 751-2,500 by full market capitalization. The fund will generally give the same weight to a given stock as the index does.
Performance. During the 12-month reporting period ended August 31, 2014, the fund closely tracked the index. The fund’s market price return was 20.96% and its NAV return was 21.01% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 20.92% during the same period.
Market Highlights. U.S. stocks generated positive returns for the 12-month reporting period, despite increased geopolitical tensions and the Federal Reserve’s (the Fed’s) measured reduction of policies aimed at holding down long-term interest rates. Supporting these results were the Fed’s reassurances that low short-term interest rates remained necessary for the time being, combined with a rebound in U.S. economic growth toward the end of the reporting period. Forecasts for stronger earnings by select companies late in the reporting period also played an important role in these returns. Within the index, stocks in the Health Care and Materials sectors were among the better performers, while stocks in the Telecommunication Services and Consumer Discretionary sectors underperformed by comparison.
Contributors and Detractors. The Financials sector contributed the most to the index’s return, and to the return of the fund. Financials stocks represented an average weight of approximately 23% of the fund and returned roughly 19%. One example of the performance of the Financials sector is NorthStar Realty Finance Corp., an internally managed real estate company. The fund’s holdings of NorthStar Realty Finance Corp. returned approximately 135%.
The Industrials sector was the next biggest contributor to the index’s return, and to the return of the fund. Industrials stocks represented an average weight of approximately 16% of the fund and returned roughly 25%, reflecting the overall performance of companies involved in commercial services and supplies, transportation, and in the production of capital goods for industries like aerospace and defense. One example from this sector is Avis Budget Group, Inc., an automobile and truck rental company. The fund’s holdings of Avis Budget Group, Inc. had triple-digit returns of approximately 152%.
The Telecommunication Services sector generated positive results for the index and the fund, but contributed the least to performance. Telecommunication Services stocks represented an average weight of less than 1% of the fund, well below the size of other sectors, and returned approximately 4%. One example among the fund’s Telecommunication Services holdings is NII Holdings, Inc. (Class B), a provider of mobile communications for business customers in Latin America. The fund’s holdings of NII Holdings, Inc. (Class B) returned approximately -89%.
The Consumer Staples sector also performed well, but was another comparatively weak contributor to the overall returns of the index and the fund. Consumer Staples stocks represented an average weight of roughly 3% of the fund and returned approximately 14%, reflecting the overall performance of manufacturers and distributors of food, beverages and tobacco, producers of non-durable household goods and personal products, food & drug retailing companies, hypermarkets, and consumer super centers. Nu Skin Enterprises, Inc. (Class A), a global direct selling company that distributes premium personal care products and nutritional supplements, is one example from this sector. The fund’s holdings of Nu Skin Enterprises, Inc. (Class A) returned approximately -46%.
As of 08/31/14:
Statistics
Number of Holdings | 1,796 | |||
Weighted Average Market Cap ($ x 1,000,000) | $3,186 | |||
Price/Earnings Ratio (P/E) | 48.9 | |||
Price/Book Ratio (P/B) | 2.2 | |||
Portfolio Turnover Rate1 | 13% |
Sector Weightings % of Investments
Financials | 23.0% | |||
Industrials | 16.5% | |||
Information Technology | 15.7% | |||
Consumer Discretionary | 12.7% | |||
Health Care | 11.7% | |||
Energy | 6.0% | |||
Materials | 5.6% | |||
Consumer Staples | 2.9% | |||
Utilities | 2.6% | |||
Telecommunication Services | 0.5% | |||
Other | 2.8% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
American Airlines Group, Inc. | 1.1% | |||
American Realty Capital Properties, Inc. | 0.5% | |||
Salix Pharmaceuticals Ltd. | 0.4% | |||
Mallinckrodt plc | 0.3% | |||
Jazz Pharmaceuticals plc | 0.3% | |||
Harman International Industries, Inc. | 0.3% | |||
InterMune, Inc. | 0.3% | |||
Trinity Industries, Inc. | 0.3% | |||
The Goodyear Tire & Rubber Co. | 0.3% | |||
Avis Budget Group, Inc. | 0.3% | |||
Total | 4.1% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
16 Schwab U.S. Equity ETFs
Table of Contents
Schwab U.S. Small-Cap ETFtm
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
November 3, 2009 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | 3 Years | Since Inception* | |||||||||
Fund: Schwab U.S. Small-Cap ETFtm (11/3/09) | ||||||||||||
Market Price Return2 | 20.96 | % | 20.81 | % | 19.89% | |||||||
NAV Return2 | 21.01 | % | 20.88 | % | 19.92% | |||||||
Dow Jones U.S. Small-Cap Total Stock Market Index | 20.92 | % | 20.87 | % | 20.01% | |||||||
ETF Category: Morningstar Small Blend3 | 19.44 | % | 20.11 | % | 18.32% |
Fund Expense Ratio4: 0.08%
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
Investments in smaller companies typically exhibit higher volatility.
Index ownership—“Standard & Poor’s” and “S&P” are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. (CSIM). The “Dow Jones U.S. Small-Cap Total Stock Market Index” is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by CSIM. The Schwab U.S. Small-Cap ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in such product.
* | Inception (11/3/09) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
4 | As stated in the prospectus. |
Schwab U.S. Equity ETFs 17
Table of Contents
Schwab U.S. Dividend Equity ETF™
The Schwab U.S. Dividend Equity ETF (the fund) seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Dividend 100TM Index (the index). The 100-component index is a subset of the Dow Jones U.S. Broad Market Index, excluding REITs, master limited partnerships, preferred stocks, and convertibles. The index is modified market-capitalization weighted. The fund will generally give the same weight to a given stock as the index does.
Performance. During the 12-month reporting period ended August 31, 2014, the fund closely tracked the index. The fund’s market price return was 21.18% and its NAV return was 21.15% (for an explanation of the market price and NAV returns, please refer to footnote 2 on the following page). The index returned 21.32% during the same period.
Market Highlights. U.S. stocks generated positive returns for the 12-month reporting period, despite increased geopolitical tensions and the Federal Reserve’s (the Fed’s) measured reduction of policies aimed at holding down long-term interest rates. Supporting these results were the Fed’s reassurances that low short-term interest rates remained necessary for the time being, combined with a rebound in U.S. economic growth toward the end of the reporting period. Forecasts for stronger earnings by select companies late in the reporting period also played an important role in these results. Within the index, stocks in the Information Technology and Materials sectors were among the better performers, while stocks in the Telecommunication Services and Consumer Staples sectors underperformed by comparison.
Contributors and Detractors. The Industrials sector contributed the most to the return of the fund. Industrials stocks represented an average weight of approximately 18% of the fund and returned roughly 25%, reflecting the performance of companies involved in commercial services and supplies, transportation, and in the production of capital goods for industries like aerospace and defense. One example of the performance of the Industrials sector is the 3M Company, a conductor of operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The fund’s holdings of 3M Company returned approximately 30%.
Information Technology stocks, which represented approximately 13% of the fund, provided the next biggest contribution to performance. The fund’s Information Technology holdings returned roughly 38%. Intel Corporation— a company that designs, manufactures, and sells computer components and related products —is one example of this sector’s performance. The fund’s holdings of Intel Corporation returned approximately 64%.
The Utilities sector was the smallest contributor to the fund’s performance. The Utilities sector represented an average weight of roughly 1% of the fund and returned approximately 13%. One example from this sector is WGL Holdings, Inc., a company that sells and delivers natural gas and other energy-related products and services. The fund’s holdings of WGL Holdings, Inc. returned approximately -4%.
The Financials sector also performed well, but was another comparatively weak contributor to the overall returns of the index and the fund. The Financials sector represented an average weight of roughly 2% of the fund and returned approximately 17%. The fund’s holdings of Erie Indemnity Company (Class A), a company that sells auto, home, life, and business insurance in the U.S., is one example from this sector. The fund’s holdings of Erie Indemnity Company (Class A) detracted from performance, and returned approximately -8%.
As of 08/31/14:
Statistics
Number of Holdings | 102 | |||
Weighted Average Market Cap ($ x 1,000,000) | $154,800 | |||
Price/Earnings Ratio (P/E) | 16.9 | |||
Price/Book Ratio (P/B) | 3.6 | |||
Portfolio Turnover Rate1 | 26% |
Sector Weightings % of Investments
Consumer Staples | 22.0% | |||
Industrials | 16.2% | |||
Information Technology | 13.3% | |||
Energy | 12.7% | |||
Health Care | 11.6% | |||
Telecommunication Services | 8.8% | |||
Consumer Discretionary | 8.7% | |||
Materials | 4.3% | |||
Financials | 1.8% | |||
Utilities | 0.5% | |||
Other | 0.1% | |||
Total | 100.0% |
Top Equity Holdings % of Net Assets2
Microsoft Corp. | 4.9% | |||
The Procter & Gamble Co. | 4.6% | |||
Chevron Corp. | 4.6% | |||
Verizon Communications, Inc. | 4.4% | |||
Johnson & Johnson | 4.4% | |||
Pfizer, Inc. | 4.4% | |||
AT&T, Inc. | 4.3% | |||
Exxon Mobil Corp. | 4.3% | |||
Intel Corp. | 4.1% | |||
The Coca-Cola Co. | 3.7% | |||
Total | 43.7% |
Management views and portfolio holdings may have changed since the report date.
An index is a statistical composite of a specified financial market or sector. Unlike the fund, an index does not actually hold a portfolio of securities and its return is not inclusive of trading and management costs incurred by the fund.
Source of Sector Classification: S&P and MSCI.
1 | Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions. | |
2 | This list is not a recommendation of any security by the investment adviser. |
18 Schwab U.S. Equity ETFs
Table of Contents
Schwab U.S. Dividend Equity ETF™
Performance and Fund Facts as of 08/31/14
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. To obtain performance information current to the most recent month end, please visit www.schwabetfs.com.
October 20, 2011 – August 31, 2014
Performance of Hypothetical
$10,000 Investment1
Performance of Hypothetical
$10,000 Investment1
Average Annual Total Returns1
Fund and Inception Date | 1 Year | Since Inception* | |||||
Fund: Schwab U.S. Dividend Equity ETFtm (10/20/11) | |||||||
Market Price Return2 | 21.18 | % | 19.92% | ||||
NAV Return2 | 21.15 | % | 19.93% | ||||
Dow Jones U.S. Dividend 100tm Index | 21.32 | % | 20.12% | ||||
ETF Category: Morningstar Large Blend3 | 23.09 | % | 20.63% |
Fund Expense Ratio4: 0.07%
All total returns on this page assume dividends and distributions were reinvested. Index figures do not include trading and management costs, which would lower performance. Indices are unmanaged, and you cannot invest in them directly. Performance results less than one year are not annualized.
For index definitions, please see the Glossary.
Shares are bought and sold at market price, which may be higher or lower than the net asset value (NAV). Brokerage commissions will reduce returns.
Index ownership—“Standard & Poor’s” and “S&P” are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and “Dow Jones” is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”) and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates and sublicensed for certain purposes by Charles Schwab Investment Management, Inc. (CSIM). The “Dow Jones U.S. Dividend 100 Index” is a product of S&P Dow Jones Indices LLC or its affiliates, and has been licensed for use by CSIM. The Schwab U.S. Dividend Equity ETF is not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P, or their respective affiliates and neither S&P Dow Jones Indices LLC, Dow Jones, S&P, nor their respective affiliates make any representation regarding the advisability of investing in such product.
* | Inception (10/20/11) represents the date that the shares began trading in the secondary market. | |
1 | Performance does not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. | |
2 | ETF performance must be shown based on both a market price and NAV basis. The fund’s per share net asset value (“NAV”) is the value of one share of the fund. NAV is calculated by taking the fund’s total assets (including the market value of securities owned), subtracting liabilities, and dividing by the number of shares outstanding. The NAV Return is based on the NAV of the fund, and the Market Price Return is based on the market price per share of the fund. The price used to calculate market return (“Market Price”) is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the fund are listed for trading, as of the time that the fund’s NAV is calculated. NAV is used as a proxy for purposes of calculating Market Price Return on inception date. Market Price and NAV returns assume that dividends and capital gain distributions have been reinvested in the fund at Market Price and NAV, respectively. | |
3 | Source for category information: Morningstar, Inc. The Morningstar Category return represents all passively- and actively-managed ETFs within the category as of the report date. | |
4 | As stated in the prospectus. |
Schwab U.S. Equity ETFs 19
Table of Contents
Fund Expenses (Unaudited)
Examples for a $1,000 Investment
As a fund shareholder, you may incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of fund shares; and, (2) ongoing costs, including management fees and other fund expenses.
The expense examples below are intended to help you understand your ongoing cost (in dollars) of investing in a fund and to compare this cost with the ongoing cost of investing in other mutual funds. These examples are based on an investment of $1,000 invested for six months beginning March 1, 2014 and held through August 31, 2014.
Actual Return lines in the table below provide information about actual account values and actual expenses. You may use this information, together with the amount you invested, to estimate the expenses that you paid over the period. To do so, simply divide your account value by $1,000 (for example, an $8,600 account value ¸ $1,000 = 8.6), then multiply the result by the number given for your fund under the heading entitled “Expenses Paid During Period.”
Hypothetical Return lines in the table below provide information about hypothetical account values and hypothetical expenses based on a fund’s actual expense ratio and an assumed return of 5% per year before expenses. Because the return used is not an actual return, it may not be used to estimate the actual ending account value or expenses you paid for the period.
You may use this information to compare the ongoing costs of investing in a fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only, and do not reflect any transactional costs, including any brokerage commissions you may pay when purchasing or selling shares of a fund. Therefore, the hypothetical return lines of the table are useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Ending | ||||||||||||||||
Beginning | Account Value | Expenses Paid | ||||||||||||||
Expense Ratio1 | Account Value | (Net of Expenses) | During Period2 | |||||||||||||
(Annualized) | at 3/1/14 | at 8/31/14 | 3/1/14–8/31/14 | |||||||||||||
Schwab U.S. Broad Market ETFtm | ||||||||||||||||
Actual Return | 0.04% | $ | 1,000.00 | $ | 1,078.00 | $ | 0.21 | |||||||||
Hypothetical 5% Return | 0.04% | $ | 1,000.00 | $ | 1,025.00 | $ | 0.20 | |||||||||
Schwab U.S. Large-Cap ETFtm | ||||||||||||||||
Actual Return | 0.04% | $ | 1,000.00 | $ | 1,085.30 | $ | 0.21 | |||||||||
Hypothetical 5% Return | 0.04% | $ | 1,000.00 | $ | 1,025.00 | $ | 0.20 | |||||||||
Schwab U.S. Large-Cap Growth ETFtm | ||||||||||||||||
Actual Return | 0.07% | $ | 1,000.00 | $ | 1,086.50 | $ | 0.37 | |||||||||
Hypothetical 5% Return | 0.07% | $ | 1,000.00 | $ | 1,024.85 | $ | 0.36 | |||||||||
Schwab U.S. Large-Cap Value ETFtm | ||||||||||||||||
Actual Return | 0.07% | $ | 1,000.00 | $ | 1,083.60 | $ | 0.37 | |||||||||
Hypothetical 5% Return | 0.07% | $ | 1,000.00 | $ | 1,024.85 | $ | 0.36 | |||||||||
Schwab U.S. Mid-Cap ETFtm | ||||||||||||||||
Actual Return | 0.07% | $ | 1,000.00 | $ | 1,052.70 | $ | 0.36 | |||||||||
Hypothetical 5% Return | 0.07% | $ | 1,000.00 | $ | 1,024.85 | $ | 0.36 | |||||||||
Schwab U.S. Small-Cap ETFtm | ||||||||||||||||
Actual Return | 0.08% | $ | 1,000.00 | $ | 1,017.40 | $ | 0.41 | |||||||||
Hypothetical 5% Return | 0.08% | $ | 1,000.00 | $ | 1,024.80 | $ | 0.41 | |||||||||
Schwab U.S. Dividend Equity ETFtm | ||||||||||||||||
Actual Return | 0.07% | $ | 1,000.00 | $ | 1,083.80 | $ | 0.37 | |||||||||
Hypothetical 5% Return | 0.07% | $ | 1,000.00 | $ | 1,024.85 | $ | 0.36 |
1 | Based on the most recent six-month expense ratio; may differ from the expense ratio provided in the Financial Highlights which covers a 12-month period. | |
2 | Expenses for each fund are equal to its annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days of the period, and divided by the 365 days of the fiscal year. |
20 Schwab U.S. Equity ETFs
Table of Contents
Schwab U.S. Broad Market ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 9/1/11– | 9/1/10– | 10/30/091– | ||||||||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | 8/31/11 | 8/31/10 | ||||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||||
Net asset value at beginning of period | 39.79 | 33.84 | 29.47 | 25.11 | 25.00 | |||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||
Net investment income (loss) | 0.85 | 2 | 0.80 | 2 | 0.65 | 2 | 0.56 | 2 | 0.42 | 2 | ||||||||||||
Net realized and unrealized gains (losses) | 8.93 | 5.92 | 4.32 | 4.32 | (0.05 | ) | ||||||||||||||||
Total from investment operations | 9.78 | 6.72 | 4.97 | 4.88 | 0.37 | |||||||||||||||||
Less distributions: | ||||||||||||||||||||||
Distributions from net investment income | (0.82 | ) | (0.77 | ) | (0.60 | ) | (0.52 | ) | (0.26 | ) | ||||||||||||
Net asset value at end of period | 48.75 | 39.79 | 33.84 | 29.47 | 25.11 | |||||||||||||||||
Total return (%) | 24.77 | 20.12 | 17.07 | 19.41 | 1.42 | 3 | ||||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||||
Total expenses | 0.04 | 0.04 | 0.06 | 0.06 | 0.07 | 4,5 | ||||||||||||||||
Net investment income (loss) | 1.90 | 2.15 | 2.06 | 1.83 | 1.92 | 4 | ||||||||||||||||
Portfolio turnover rate6 | 4 | 4 | 5 | 3 | 2 | 3 | ||||||||||||||||
Net assets, end of period ($ x 1,000) | 3,654,037 | 2,182,671 | 1,072,825 | 742,651 | 272,490 |
1 Commencement of operations.
2 Calculated based on the average shares outstanding during the period.
3 Not annualized.
4 Annualized.
5 Effective June 14, 2010, the annual operating expense ratio was reduced. The ratio presented for period ended 8/31/10 is a blended ratio.
6 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
See financial notes 21
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .8% | Common Stock | 2,788,904,595 | 3,644,576,745 | ||||||||
0 | .5% | Other Investment Companies | 18,910,547 | 18,910,547 | ||||||||
0 | .0% | Rights | 21,491 | 21,491 | ||||||||
0 | .0% | Short-Term Investments | 174,998 | 174,998 | ||||||||
100 | .3% | Total Investments | 2,808,011,631 | 3,663,683,781 | ||||||||
(0 | .3)% | Other Assets and Liabilities, Net | (9,646,983 | ) | ||||||||
100 | .0% | Net Assets | 3,654,036,798 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 99.8% of net assets | ||||||||||||
Automobiles & Components 1.3% | ||||||||||||
Other Securities | 1.3 | 46,750,836 | ||||||||||
Banks 5.8% | ||||||||||||
Bank of America Corp. | 1,741,956 | 0.8 | 28,028,072 | |||||||||
Citigroup, Inc. | 504,812 | 0.7 | 26,073,540 | |||||||||
JPMorgan Chase & Co. | 627,750 | 1.0 | 37,319,737 | |||||||||
Wells Fargo & Co. | 793,453 | 1.1 | 40,815,222 | |||||||||
Other Securities | 2.2 | 80,277,554 | ||||||||||
5.8 | 212,514,125 | |||||||||||
Capital Goods 7.9% | ||||||||||||
3M Co. | 103,771 | 0.4 | 14,943,024 | |||||||||
General Electric Co. | 1,657,205 | 1.2 | 43,054,186 | |||||||||
The Boeing Co. | 110,926 | 0.4 | 14,065,417 | |||||||||
United Technologies Corp. | 139,731 | 0.4 | 15,088,153 | |||||||||
Other Securities | 5.5 | 201,803,913 | ||||||||||
7.9 | 288,954,693 | |||||||||||
Commercial & Professional Services 1.1% | ||||||||||||
Other Securities | 1.1 | 38,922,636 | ||||||||||
Consumer Durables & Apparel 1.5% | ||||||||||||
Other Securities | 1.5 | 54,732,207 | ||||||||||
Consumer Services 2.1% | ||||||||||||
McDonald’s Corp. | 163,666 | 0.4 | 15,338,778 | |||||||||
Other Securities | 1.7 | 60,662,201 | ||||||||||
2.1 | 76,000,979 | |||||||||||
Diversified Financials 4.6% | ||||||||||||
American Express Co. | 151,021 | 0.4 | 13,523,931 | |||||||||
Berkshire Hathaway, Inc., Class B * | 297,282 | 1.1 | 40,801,954 | |||||||||
The Charles Schwab Corp. (b) | 192,519 | 0.2 | 5,488,717 | |||||||||
Other Securities | 2.9 | 108,118,996 | ||||||||||
4.6 | 167,933,598 | |||||||||||
Energy 9.7% | ||||||||||||
Chevron Corp. | 315,282 | 1.1 | 40,813,255 | |||||||||
ConocoPhillips | 202,777 | 0.5 | 16,469,548 | |||||||||
Exxon Mobil Corp. | 711,206 | 1.9 | 70,736,549 | |||||||||
Occidental Petroleum Corp. | 129,845 | 0.4 | 13,468,822 | |||||||||
Schlumberger Ltd. | 215,890 | 0.6 | 23,670,180 | |||||||||
Other Securities | 5.2 | 188,201,893 | ||||||||||
9.7 | 353,360,247 | |||||||||||
Food & Staples Retailing 1.9% | ||||||||||||
CVS Caremark Corp. | 193,190 | 0.4 | 15,348,945 | |||||||||
Wal-Mart Stores, Inc. | 265,904 | 0.5 | 20,075,752 | |||||||||
Other Securities | 1.0 | 33,137,845 | ||||||||||
1.9 | 68,562,542 | |||||||||||
Food, Beverage & Tobacco 4.5% | ||||||||||||
Altria Group, Inc. | 331,932 | 0.4 | 14,299,631 | |||||||||
PepsiCo, Inc. | 250,909 | 0.6 | 23,206,573 | |||||||||
Philip Morris International, Inc. | 261,417 | 0.6 | 22,372,067 | |||||||||
The Coca-Cola Co. | 624,512 | 0.7 | 26,054,641 | |||||||||
Other Securities | 2.2 | 77,643,899 | ||||||||||
4.5 | 163,576,811 | |||||||||||
Health Care Equipment & Services 4.5% | ||||||||||||
UnitedHealth Group, Inc. | 163,068 | 0.4 | 14,134,734 | |||||||||
Other Securities | 4.1 | 152,405,618 | ||||||||||
4.5 | 166,540,352 | |||||||||||
Household & Personal Products 1.8% | ||||||||||||
The Procter & Gamble Co. | 448,467 | 1.0 | 37,272,092 | |||||||||
Other Securities | 0.8 | 27,260,825 | ||||||||||
1.8 | 64,532,917 | |||||||||||
Insurance 3.1% | ||||||||||||
American International Group, Inc. | 239,045 | 0.4 | 13,400,863 | |||||||||
Other Securities | 2.7 | 99,366,701 | ||||||||||
3.1 | 112,767,564 | |||||||||||
Materials 3.9% | ||||||||||||
Other Securities | 3.9 | 142,047,984 |
22 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Media 3.5% | ||||||||||||
Comcast Corp., Class A | 430,482 | 0.6 | 23,560,280 | |||||||||
The Walt Disney Co. | 266,321 | 0.7 | 23,936,932 | |||||||||
Other Securities | 2.2 | 80,834,883 | ||||||||||
3.5 | 128,332,095 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 8.7% | ||||||||||||
AbbVie, Inc. | 264,533 | 0.4 | 14,623,384 | |||||||||
Amgen, Inc. | 125,268 | 0.5 | 17,459,854 | |||||||||
Bristol-Myers Squibb Co. | 274,139 | 0.4 | 13,885,140 | |||||||||
Gilead Sciences, Inc. * | 253,610 | 0.7 | 27,283,364 | |||||||||
Johnson & Johnson | 467,276 | 1.3 | 48,470,539 | |||||||||
Merck & Co., Inc. | 487,642 | 0.8 | 29,312,161 | |||||||||
Pfizer, Inc. | 1,056,558 | 0.8 | 31,052,240 | |||||||||
Other Securities | 3.8 | 134,722,055 | ||||||||||
8.7 | 316,808,737 | |||||||||||
Real Estate 3.7% | ||||||||||||
Other Securities | 3.7 | 136,120,040 | ||||||||||
Retailing 4.2% | ||||||||||||
Amazon.com, Inc. * | 61,548 | 0.6 | 20,867,234 | |||||||||
The Home Depot, Inc. | 226,227 | 0.6 | 21,152,225 | |||||||||
Other Securities | 3.0 | 113,101,693 | ||||||||||
4.2 | 155,121,152 | |||||||||||
Semiconductors & Semiconductor Equipment 2.5% | ||||||||||||
Intel Corp. | 825,949 | 0.8 | 28,842,139 | |||||||||
Other Securities | 1.7 | 61,875,075 | ||||||||||
2.5 | 90,717,214 | |||||||||||
Software & Services 9.9% | ||||||||||||
Facebook, Inc., Class A * | 284,400 | 0.6 | 21,278,808 | |||||||||
Google, Inc., Class A * | 46,741 | 0.7 | 27,220,089 | |||||||||
Google, Inc., Class C * | 46,941 | 0.7 | 26,831,476 | |||||||||
International Business Machines Corp. | 157,475 | 0.8 | 30,282,442 | |||||||||
Microsoft Corp. | 1,248,510 | 1.6 | 56,719,809 | |||||||||
Oracle Corp. | 571,843 | 0.6 | 23,748,640 | |||||||||
Visa, Inc., Class A | 83,115 | 0.5 | 17,663,600 | |||||||||
Other Securities | 4.4 | 157,010,799 | ||||||||||
9.9 | 360,755,663 | |||||||||||
Technology Hardware & Equipment 6.2% | ||||||||||||
Apple, Inc. | 998,095 | 2.8 | 102,304,737 | |||||||||
Cisco Systems, Inc. | 848,800 | 0.6 | 21,211,512 | |||||||||
QUALCOMM, Inc. | 278,047 | 0.6 | 21,159,377 | |||||||||
Other Securities | 2.2 | 81,768,722 | ||||||||||
6.2 | 226,444,348 | |||||||||||
Telecommunication Services 2.2% | ||||||||||||
AT&T, Inc. | 858,408 | 0.8 | 30,009,944 | |||||||||
Verizon Communications, Inc. | 684,790 | 0.9 | 34,116,238 | |||||||||
Other Securities | 0.5 | 15,130,710 | ||||||||||
2.2 | 79,256,892 | |||||||||||
Transportation 2.2% | ||||||||||||
Union Pacific Corp. | 150,094 | 0.4 | 15,800,395 | |||||||||
Other Securities | 1.8 | 66,281,738 | ||||||||||
2.2 | 82,082,133 | |||||||||||
Utilities 3.0% | ||||||||||||
Other Securities | 3.0 | 111,740,980 | ||||||||||
Total Common Stock | ||||||||||||
(Cost $2,788,904,595) | 3,644,576,745 | |||||||||||
Other Investment Companies 0.5% of net assets | ||||||||||||
Money Market Fund 0.1% | ||||||||||||
Other Securities | 0.1 | 2,472,527 | ||||||||||
Securities Lending Collateral 0.4% | ||||||||||||
Other Securities | 0.4 | 16,438,020 | ||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $18,910,547) | 18,910,547 | |||||||||||
Rights 0.0% of net assets | ||||||||||||
Telecommunication Services 0.0% | ||||||||||||
Other Securities | 0.0 | 21,491 | ||||||||||
Total Rights | ||||||||||||
(Cost $21,491) | 21,491 | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($) | Assets | ($) | |||||||||
Short-Term Investments 0.0% of net assets | ||||||||||||
U.S. Treasury Obligations 0.0% | ||||||||||||
Other Securities | 0.0 | 174,998 | ||||||||||
Total Short-Term Investment | ||||||||||||
(Cost $174,998) | 174,998 | |||||||||||
End of Investments. |
See financial notes 23
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
At 08/31/14, the tax basis cost of the fund’s investments was $2,808,455,447 and the unrealized appreciation and depreciation were $871,220,916 and ($15,992,582), respectively, with a net unrealized appreciation of $855,228,334.
For the following notes, please refer to the complete schedule of portfolio holdings.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $17,065,535. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | Illiquid security. At the period end, the value of these amounted to $21,491 or 0.0% of net assets. | |
(d) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(e) | The rate shown is the 7-day yield. | |
(f) | The rate shown is the purchase yield. | |
(g) | All or a portion of this security is held as collateral for open futures contracts. |
CVR — | Contingent Value Rights | |
REIT — | Real Estate Investment Trust |
In addition to the above, the fund held the following at 08/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Appreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
S&P 500 Index, e-mini, Long, expires 09/19/14 | 35 | 3,502,450 | 19,758 |
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $3,644,576,745 | $— | $— | $3,644,576,745 | ||||||||||||
Other Investment Companies1 | 18,910,547 | — | — | 18,910,547 | ||||||||||||
Rights1 | — | — | 21,491 | 21,491 | ||||||||||||
Short-Term Investments | — | 174,998 | — | 174,998 | ||||||||||||
Total | $3,663,487,292 | $174,998 | $21,491 | $3,663,683,781 | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts2 | $19,758 | $— | $— | $19,758 |
1 | As categorized in the complete schedule of portfolio holdings. | |
2 | Futures contracts are not included in Investments in the schedule of portfolio holdings and are valued at unrealized appreciation or depreciation. |
The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:
Balance | Change in | Balance | ||||||||||||||||||||||||||||||
as of | Realized | Unrealized | Gross | Gross | as of | |||||||||||||||||||||||||||
August 31, | Gains | Gains | Gross | Gross | Transfers | Transfers | August 31, | |||||||||||||||||||||||||
Investments in Securities | 2013 | (Losses) | (Losses) | Purchases | Sales | in | out | 2014 | ||||||||||||||||||||||||
Rights | $— | $— | $— | $21,491 | $— | $— | $— | $21,491 | ||||||||||||||||||||||||
Total | $— | $— | $— | $21,491 | $— | $— | $— | $21,491 | ||||||||||||||||||||||||
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended August 31, 2014.
24 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments in affiliated issuers, at value (cost $3,807,513) | $5,488,717 | |||||
Investments in unaffiliated issuers, at value (cost $2,787,766,098) including securities on loan of $17,065,535 | 3,641,757,044 | |||||
Collateral invested for securities on loan, at value (cost $16,438,020) | + | 16,438,020 | ||||
Total investments, at value (cost $2,808,011,631) | 3,663,683,781 | |||||
Receivables: | ||||||
Investments sold | 3,246 | |||||
Dividends | 6,753,738 | |||||
Income from securities on loan | 41,249 | |||||
Foreign tax reclaims | 8,528 | |||||
Variation margin on futures contracts | + | 8,225 | ||||
Total assets | 3,670,498,767 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 16,438,020 | |||||
Payables: | ||||||
Investment adviser fees | + | 23,949 | ||||
Total liabilities | 16,461,969 | |||||
Net Assets | ||||||
Total assets | 3,670,498,767 | |||||
Total liabilities | − | 16,461,969 | ||||
Net assets | $3,654,036,798 | |||||
Net Assets by Source | ||||||
Capital received from investors | 2,794,018,981 | |||||
Net investment income not yet distributed | 9,607,306 | |||||
Net realized capital losses | (5,281,397 | ) | ||||
Net unrealized capital appreciation | 855,691,908 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$3,654,036,798 | 74,950,000 | $48.75 |
See financial notes 25
Table of Contents
Schwab U.S. Broad Market ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends received from affiliated issuer | $41,304 | |||||
Dividends received from unaffiliated issuers (net of foreign withholding tax of $11,121) | 57,445,930 | |||||
Interest | 1 | |||||
Securities on loan | + | 409,322 | ||||
Total investment income | 57,896,557 | |||||
Expenses | ||||||
Investment adviser fees | 1,196,492 | |||||
Total expenses | − | 1,196,492 | ||||
Net investment income | 56,700,065 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized gains on affiliated issuer | 75,620 | |||||
Net realized gains on unaffiliated investments | 1,187,566 | |||||
Net realized gains on in-kind redemptions | + | 43,180,599 | ||||
Net realized gains | 44,443,785 | |||||
Net change in unrealized appreciation (depreciation) on affiliated issuer | 1,136,377 | |||||
Net change in unrealized appreciation (depreciation) on unaffiliated investments | 524,578,161 | |||||
Net change in unrealized appreciation (depreciation) on futures contracts | + | 19,758 | ||||
Net change in unrealized appreciation (depreciation) | + | 525,734,296 | ||||
Net realized and unrealized gains | 570,178,081 | |||||
Increase in net assets resulting from operations | $626,878,146 |
26 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $56,700,065 | $35,059,379 | ||||||||
Net realized gains | 44,443,785 | 21,299,132 | ||||||||
Net change in unrealized appreciation (depreciation) | + | 525,734,296 | 228,484,344 | |||||||
Increase in net assets resulting from operations | 626,878,146 | 284,842,855 | ||||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($53,302,780 | ) | ($32,174,430 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 22,550,000 | $1,006,196,263 | 25,500,000 | $945,290,050 | ||||||||||||||
Shares redeemed | + | (2,450,000 | ) | (108,405,676 | ) | (2,350,000 | ) | (88,113,025 | ) | |||||||||
Net transactions in fund shares | 20,100,000 | $897,790,587 | 23,150,000 | $857,177,025 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 54,850,000 | $2,182,670,845 | 31,700,000 | $1,072,825,395 | ||||||||||||||
Total increase | + | 20,100,000 | 1,471,365,953 | 23,150,000 | 1,109,845,450 | |||||||||||||
End of period | 74,950,000 | $3,654,036,798 | 54,850,000 | $2,182,670,845 | ||||||||||||||
Net investment income not yet distributed | $9,607,306 | $6,683,670 |
See financial notes 27
Table of Contents
Schwab U.S. Large-Cap ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 9/1/11– | 9/1/10– | 10/30/091– | ||||||||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | 8/31/11 | 8/31/10 | ||||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||||
Net asset value at beginning of period | 39.06 | 33.49 | 29.11 | 24.98 | 25.00 | |||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||
Net investment income (loss) | 0.83 | 0.77 | 0.64 | 0.53 | 0.34 | |||||||||||||||||
Net realized and unrealized gains (losses) | 8.92 | 5.56 | 4.35 | 4.13 | (0.12 | ) | ||||||||||||||||
Total from investment operations | 9.75 | 6.33 | 4.99 | 4.66 | 0.22 | |||||||||||||||||
Less distributions: | ||||||||||||||||||||||
Distributions from net investment income | (0.82 | ) | (0.76 | ) | (0.61 | ) | (0.53 | ) | (0.24 | ) | ||||||||||||
Net asset value at end of period | 47.99 | 39.06 | 33.49 | 29.11 | 24.98 | |||||||||||||||||
Total return (%) | 25.16 | 19.17 | 17.36 | 18.66 | 0.83 | 2 | ||||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||||
Total expenses | 0.04 | 0.04 | 0.08 | 0.08 | 0.08 | 3 | ||||||||||||||||
Net investment income (loss) | 1.95 | 2.18 | 2.10 | 1.88 | 2.01 | 3 | ||||||||||||||||
Portfolio turnover rate4 | 5 | 5 | 4 | 5 | 3 | 2 | ||||||||||||||||
Net assets, end of period ($ x 1,000) | 3,191,644 | 1,781,282 | 890,808 | 615,781 | 273,503 |
1 Commencement of operations.
2 Not annualized.
3 Annualized.
4 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
28 See financial notes
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .7% | Common Stock | 2,468,449,443 | 3,183,461,956 | ||||||||
0 | .3% | Other Investment Companies | 8,789,999 | 8,859,615 | ||||||||
0 | .0% | Short-Term Investment | 100,000 | 100,000 | ||||||||
100 | .0% | Total Investments | 2,477,339,442 | 3,192,421,571 | ||||||||
(0 | .0)% | Other Assets and Liabilities, Net | (777,093 | ) | ||||||||
100 | .0% | Net Assets | 3,191,644,478 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 99.7% of net assets | ||||||||||||
Automobiles & Components 1.3% | ||||||||||||
Other Securities | 1.3 | 40,175,710 | ||||||||||
Banks 5.6% | ||||||||||||
Bank of America Corp. | 1,722,056 | 0.9 | 27,707,881 | |||||||||
Citigroup, Inc. | 495,497 | 0.8 | 25,592,420 | |||||||||
JPMorgan Chase & Co. | 620,892 | 1.2 | 36,912,029 | |||||||||
Wells Fargo & Co. | 786,353 | 1.3 | 40,449,998 | |||||||||
Other Securities | 1.4 | 47,781,685 | ||||||||||
5.6 | 178,444,013 | |||||||||||
Capital Goods 7.6% | ||||||||||||
3M Co. | 102,512 | 0.5 | 14,761,728 | |||||||||
General Electric Co. | 1,638,419 | 1.3 | 42,566,126 | |||||||||
The Boeing Co. | 109,171 | 0.4 | 13,842,883 | |||||||||
United Technologies Corp. | 137,164 | 0.5 | 14,810,969 | |||||||||
Other Securities | 4.9 | 155,904,721 | ||||||||||
7.6 | 241,886,427 | |||||||||||
Commercial & Professional Services 0.8% | ||||||||||||
Other Securities | 0.8 | 25,889,249 | ||||||||||
Consumer Durables & Apparel 1.4% | ||||||||||||
Other Securities | 1.4 | 43,938,482 | ||||||||||
Consumer Services 1.9% | ||||||||||||
McDonald’s Corp. | 160,942 | 0.5 | 15,083,484 | |||||||||
Other Securities | 1.4 | 45,448,432 | ||||||||||
1.9 | 60,531,916 | |||||||||||
Diversified Financials 4.9% | ||||||||||||
American Express Co. | 149,053 | 0.4 | 13,347,696 | |||||||||
Berkshire Hathaway, Inc., Class B * | 295,102 | 1.3 | 40,502,750 | |||||||||
The Charles Schwab Corp. (b) | 191,618 | 0.2 | 5,463,029 | |||||||||
Other Securities | 3.0 | 96,199,339 | ||||||||||
4.9 | 155,512,814 | |||||||||||
Energy 10.1% | ||||||||||||
Chevron Corp. | 310,477 | 1.3 | 40,191,248 | |||||||||
ConocoPhillips | 200,455 | 0.5 | 16,280,955 | |||||||||
Exxon Mobil Corp. | 701,747 | 2.2 | 69,795,757 | |||||||||
Occidental Petroleum Corp. | 128,663 | 0.4 | 13,346,213 | |||||||||
Schlumberger Ltd. | 212,617 | 0.7 | 23,311,328 | |||||||||
Other Securities | 5.0 | 160,667,812 | ||||||||||
10.1 | 323,593,313 | |||||||||||
Food & Staples Retailing 2.0% | ||||||||||||
CVS Caremark Corp. | 192,415 | 0.5 | 15,287,372 | |||||||||
Wal-Mart Stores, Inc. | 263,458 | 0.6 | 19,891,079 | |||||||||
Other Securities | 0.9 | 29,178,964 | ||||||||||
2.0 | 64,357,415 | |||||||||||
Food, Beverage & Tobacco 4.8% | ||||||||||||
Altria Group, Inc. | 325,385 | 0.4 | 14,017,586 | |||||||||
PepsiCo, Inc. | 248,275 | 0.7 | 22,962,955 | |||||||||
Philip Morris International, Inc. | 256,054 | 0.7 | 21,913,101 | |||||||||
The Coca-Cola Co. | 621,679 | 0.8 | 25,936,448 | |||||||||
Other Securities | 2.2 | 69,262,018 | ||||||||||
4.8 | 154,092,108 | |||||||||||
Health Care Equipment & Services 4.4% | ||||||||||||
UnitedHealth Group, Inc. | 160,494 | 0.4 | 13,911,620 | |||||||||
Other Securities | 4.0 | 128,030,307 | ||||||||||
4.4 | 141,941,927 | |||||||||||
Household & Personal Products 1.9% | ||||||||||||
The Procter & Gamble Co. | 442,782 | 1.2 | 36,799,612 | |||||||||
Other Securities | 0.7 | 25,718,221 | ||||||||||
1.9 | 62,517,833 | |||||||||||
Insurance 3.1% | ||||||||||||
American International Group, Inc. | 238,512 | 0.4 | 13,370,983 | |||||||||
Other Securities | 2.7 | 84,784,209 | ||||||||||
3.1 | 98,155,192 | |||||||||||
Materials 3.6% | ||||||||||||
Other Securities | 3.6 | 115,960,462 |
See financial notes 29
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings continued
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Media 3.8% | ||||||||||||
Comcast Corp., Class A | 423,911 | 0.7 | 23,200,649 | |||||||||
The Walt Disney Co. | 264,363 | 0.7 | 23,760,947 | |||||||||
Other Securities | 2.4 | 73,222,915 | ||||||||||
3.8 | 120,184,511 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 8.9% | ||||||||||||
AbbVie, Inc. | 260,588 | 0.5 | 14,405,305 | |||||||||
Amgen, Inc. | 123,567 | 0.5 | 17,222,768 | |||||||||
Bristol-Myers Squibb Co. | 270,765 | 0.4 | 13,714,247 | |||||||||
Gilead Sciences, Inc. * | 250,305 | 0.8 | 26,927,812 | |||||||||
Johnson & Johnson | 461,801 | 1.5 | 47,902,618 | |||||||||
Merck & Co., Inc. | 479,112 | 0.9 | 28,799,422 | |||||||||
Pfizer, Inc. | 1,043,959 | 1.0 | 30,681,955 | |||||||||
Other Securities | 3.3 | 105,368,031 | ||||||||||
8.9 | 285,022,158 | |||||||||||
Real Estate 2.9% | ||||||||||||
Other Securities | 2.9 | 91,377,751 | ||||||||||
Retailing 4.3% | ||||||||||||
Amazon.com, Inc. * | 60,727 | 0.6 | 20,588,882 | |||||||||
The Home Depot, Inc. | 223,047 | 0.7 | 20,854,895 | |||||||||
Other Securities | 3.0 | 94,882,372 | ||||||||||
4.3 | 136,326,149 | |||||||||||
Semiconductors & Semiconductor Equipment 2.3% | ||||||||||||
Intel Corp. | 812,355 | 0.9 | 28,367,437 | |||||||||
Other Securities | 1.4 | 46,636,066 | ||||||||||
2.3 | 75,003,503 | |||||||||||
Software & Services 10.2% | ||||||||||||
Facebook, Inc., Class A * | 282,578 | 0.7 | 21,142,486 | |||||||||
Google, Inc., Class A * | 46,277 | 0.8 | 26,949,874 | |||||||||
Google, Inc., Class C * | 46,277 | 0.8 | 26,451,933 | |||||||||
International Business Machines Corp. | 155,137 | 0.9 | 29,832,845 | |||||||||
Microsoft Corp. | 1,228,676 | 1.7 | 55,818,751 | |||||||||
Oracle Corp. | 559,210 | 0.7 | 23,223,991 | |||||||||
Visa, Inc., Class A | 82,223 | 0.5 | 17,474,032 | |||||||||
Other Securities | 4.1 | 123,748,772 | ||||||||||
10.2 | 324,642,684 | |||||||||||
Technology Hardware & Equipment 6.3% | ||||||||||||
Apple, Inc. | 985,323 | 3.2 | 100,995,607 | |||||||||
Cisco Systems, Inc. | 839,945 | 0.7 | 20,990,226 | |||||||||
QUALCOMM, Inc. | 275,057 | 0.7 | 20,931,838 | |||||||||
Other Securities | 1.7 | 59,749,602 | ||||||||||
6.3 | 202,667,273 | |||||||||||
Telecommunication Services 2.4% | ||||||||||||
AT&T, Inc. | 847,853 | 0.9 | 29,640,941 | |||||||||
Verizon Communications, Inc. | 676,584 | 1.1 | 33,707,415 | |||||||||
Other Securities | 0.4 | 12,756,523 | ||||||||||
2.4 | 76,104,879 | |||||||||||
Transportation 2.1% | ||||||||||||
Union Pacific Corp. | 148,669 | 0.5 | 15,650,386 | |||||||||
Other Securities | 1.6 | 50,710,837 | ||||||||||
2.1 | 66,361,223 | |||||||||||
Utilities 3.1% | ||||||||||||
Other Securities | 3.1 | 98,774,964 | ||||||||||
Total Common Stock | ||||||||||||
(Cost $2,468,449,443) | 3,183,461,956 | |||||||||||
Other Investment Companies 0.3% of net assets | ||||||||||||
Equity Fund 0.0% | ||||||||||||
Other Securities | 0.0 | 336,690 | ||||||||||
Money Market Fund 0.1% | ||||||||||||
Other Securities | 0.1 | 1,336,150 | ||||||||||
Securities Lending Collateral 0.2% | ||||||||||||
Other Securities | 0.2 | 7,186,775 | ||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $8,789,999) | 8,859,615 | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($) | Assets | ($) | |||||||||
Short-Term Investment 0.0% of net assets | ||||||||||||
U.S. Treasury Obligation 0.0% | ||||||||||||
Other Securities | 0.0 | 100,000 | ||||||||||
Total Short-Term Investment | ||||||||||||
(Cost $100,000) | 100,000 | |||||||||||
End of Investments. |
At 08/31/14, the tax basis cost of the fund’s investments was $2,477,597,346 and the unrealized appreciation and depreciation were $725,352,043 and ($10,527,818), respectively, with a net unrealized appreciation of $714,824,225.
For the following notes, please refer to the complete schedule of portfolio holdings.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $7,441,350. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | The rate shown is the 7-day yield. | |
(d) | The rate shown is the purchase yield. | |
(e) | All or a portion of this security is held as collateral for open futures contracts. |
ETF — | Exchange Traded Fund | |
REIT — | Real Estate Investment Trust |
30 See financial notes
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings continued
In addition to the above, the fund held the following at 08/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Appreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
S&P 500 Index, e-mini, Long, expires 09/19/14 | 20 | 2,001,400 | 5,862 |
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $3,183,461,956 | $— | $— | $3,183,461,956 | ||||||||||||
Other Investment Companies1 | 8,859,615 | — | — | 8,859,615 | ||||||||||||
Short-Term Investment | — | 100,000 | — | 100,000 | ||||||||||||
Total | $3,192,321,571 | $100,000 | $— | $3,192,421,571 | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts2 | 5,862 | — | — | 5,862 |
1 | As categorized in the complete schedule of portfolio holdings. | |
2 | Futures contracts are not included in Investments in the schedule of portfolio holdings and are valued at unrealized appreciation or depreciation. |
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended August 31, 2014.
See financial notes 31
Table of Contents
Schwab U.S. Large-Cap ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments in affiliated issuers, at value (cost $3,899,461) | $5,463,029 | |||||
Investments in unaffiliated issuers, at value (cost $2,466,253,206) including securities on loan of $7,441,350 | 3,179,771,767 | |||||
Collateral invested for securities on loan, at value (cost $7,186,775) | + | 7,186,775 | ||||
Total investments, at value (cost $2,477,339,442) | 3,192,421,571 | |||||
Receivables: | ||||||
Fund shares sold | 14,370,564 | |||||
Dividends | 6,230,002 | |||||
Income from securities on loan | 18,245 | |||||
Foreign tax reclaims | 8,092 | |||||
Variation margin on futures contracts | + | 4,700 | ||||
Total assets | 3,213,053,174 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 7,186,775 | |||||
Payables: | ||||||
Investments bought | 14,201,072 | |||||
Investment adviser fees | + | 20,849 | ||||
Total liabilities | 21,408,696 | |||||
Net Assets | ||||||
Total assets | 3,213,053,174 | |||||
Total liabilities | − | 21,408,696 | ||||
Net assets | $3,191,644,478 | |||||
Net Assets by Source | ||||||
Capital received from investors | 2,472,681,731 | |||||
Net investment income not yet distributed | 9,252,242 | |||||
Net realized capital losses | (5,377,486 | ) | ||||
Net unrealized capital appreciation | 715,087,991 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$3,191,644,478 | 66,500,000 | $47.99 |
32 See financial notes
Table of Contents
Schwab U.S. Large-Cap ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends received from affiliated issuer | $38,915 | |||||
Dividends received from unaffiliated issuers (net of foreign withholding tax of $10,005) | 49,117,759 | |||||
Interest | 1 | |||||
Securities on loan | + | 136,436 | ||||
Total investment income | 49,293,111 | |||||
Expenses | ||||||
Investment adviser fees | 988,735 | |||||
Total expenses | − | 988,735 | ||||
Net investment income | 48,304,376 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized gains on affiliated issuer | 43,440 | |||||
Net realized gains on unaffiliated investments | 1,719,182 | |||||
Net realized gains on in-kind redemptions | + | 23,901,558 | ||||
Net realized gains | 25,664,180 | |||||
Net change in unrealized appreciation (depreciation) on affiliated issuer | 1,089,717 | |||||
Net change in unrealized appreciation (depreciation) on unaffiliated investments | 450,826,814 | |||||
Net change in unrealized appreciation (depreciation) on futures contracts | + | 5,862 | ||||
Net change in unrealized appreciation (depreciation) | + | 451,922,393 | ||||
Net realized and unrealized gains | 477,586,573 | |||||
Increase in net assets resulting from operations | $525,890,949 |
See financial notes 33
Table of Contents
Schwab U.S. Large-Cap ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $48,304,376 | $28,040,996 | ||||||||
Net realized gains | 25,664,180 | 17,040,438 | ||||||||
Net change in unrealized appreciation (depreciation) | + | 451,922,393 | 167,106,932 | |||||||
Increase in net assets resulting from operations | 525,890,949 | 212,188,366 | ||||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($44,577,680 | ) | ($25,323,080 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 22,650,000 | $1,002,867,160 | 20,800,000 | $771,113,187 | ||||||||||||||
Shares redeemed | + | (1,750,000 | ) | (73,817,744 | ) | (1,800,000 | ) | (67,504,590 | ) | |||||||||
Net transactions in fund shares | 20,900,000 | $929,049,416 | 19,000,000 | $703,608,597 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 45,600,000 | $1,781,281,793 | 26,600,000 | $890,807,910 | ||||||||||||||
Total increase | + | 20,900,000 | 1,410,362,685 | 19,000,000 | 890,473,883 | |||||||||||||
End of period | 66,500,000 | $3,191,644,478 | 45,600,000 | $1,781,281,793 | ||||||||||||||
Net investment income not yet distributed | $9,252,242 | $5,860,258 |
34 See financial notes
Table of Contents
Schwab U.S. Large-Cap Growth ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 9/1/11– | 9/1/10– | 12/9/091– | ||||||||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | 8/31/11 | 8/31/10 | ||||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||||
Net asset value at beginning of period | 39.60 | 34.05 | 29.44 | 24.21 | 25.00 | |||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||
Net investment income (loss) | 0.56 | 0.55 | 0.36 | 0.27 | 0.15 | |||||||||||||||||
Net realized and unrealized gains (losses) | 10.50 | 5.52 | 4.59 | 5.20 | (0.83 | ) | ||||||||||||||||
Total from investment operations | 11.06 | 6.07 | 4.95 | 5.47 | (0.68 | ) | ||||||||||||||||
Less distributions: | ||||||||||||||||||||||
Distributions from net investment income | (0.55 | ) | (0.52 | ) | (0.34 | ) | (0.24 | ) | (0.11 | ) | ||||||||||||
Net asset value at end of period | 50.11 | 39.60 | 34.05 | 29.44 | 24.21 | |||||||||||||||||
Total return (%) | 28.11 | 18.02 | 16.96 | 22.57 | (2.75 | )2 | ||||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||||
Total expenses | 0.07 | 0.07 | 0.13 | 0.13 | 0.14 | 3,4 | ||||||||||||||||
Net investment income (loss) | 1.29 | 1.55 | 1.17 | 0.93 | 0.86 | 3 | ||||||||||||||||
Portfolio turnover rate5 | 7 | 11 | 8 | 10 | 6 | 2 | ||||||||||||||||
Net assets, end of period ($ x 1,000) | 1,485,805 | 827,613 | 475,062 | 309,155 | 108,946 |
1 Commencement of operations.
2 Not annualized.
3 Annualized.
4 Effective June 14, 2010, the annual operating expense ratio was reduced. The ratio presented for period ended 8/31/10 is a blended ratio.
5 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
See financial notes 35
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .8% | Common Stock | 1,093,683,669 | 1,482,757,384 | ||||||||
0 | .4% | Other Investment Companies | 5,962,623 | 5,996,132 | ||||||||
100 | .2% | Total Investments | 1,099,646,292 | 1,488,753,516 | ||||||||
(0 | .2)% | Other Assets and Liabilities, Net | (2,948,893 | ) | ||||||||
100 | .0% | Net Assets | 1,485,804,623 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 99.8% of net assets | ||||||||||||
Automobiles & Components 0.4% | ||||||||||||
Other Securities | 0.4 | 5,559,720 | ||||||||||
Banks 0.1% | ||||||||||||
Other Securities | 0.1 | 2,011,461 | ||||||||||
Capital Goods 6.1% | ||||||||||||
Caterpillar, Inc. | 94,464 | 0.7 | 10,303,188 | |||||||||
Danaher Corp. | 90,729 | 0.5 | 6,950,749 | |||||||||
The Boeing Co. | 101,528 | 0.9 | 12,873,750 | |||||||||
Other Securities | 4.0 | 60,750,938 | ||||||||||
6.1 | 90,878,625 | |||||||||||
Commercial & Professional Services 0.8% | ||||||||||||
Other Securities | 0.8 | 12,453,945 | ||||||||||
Consumer Durables & Apparel 2.0% | ||||||||||||
NIKE, Inc., Class B | 112,092 | 0.6 | 8,804,827 | |||||||||
Other Securities | 1.4 | 21,308,097 | ||||||||||
2.0 | 30,112,924 | |||||||||||
Consumer Services 2.2% | ||||||||||||
Starbucks Corp. | 114,267 | 0.6 | 8,891,115 | |||||||||
Other Securities | 1.6 | 23,321,327 | ||||||||||
2.2 | 32,212,442 | |||||||||||
Diversified Financials 6.2% | ||||||||||||
American Express Co. | 138,196 | 0.8 | 12,375,452 | |||||||||
Berkshire Hathaway, Inc., Class B * | 273,073 | 2.5 | 37,479,269 | |||||||||
The Charles Schwab Corp. (b) | 175,888 | 0.3 | 5,014,567 | |||||||||
Other Securities | 2.6 | 37,062,699 | ||||||||||
6.2 | 91,931,987 | |||||||||||
Energy 8.4% | ||||||||||||
Anadarko Petroleum Corp. | 76,607 | 0.6 | 8,632,843 | |||||||||
EOG Resources, Inc. | 82,807 | 0.6 | 9,098,833 | |||||||||
Halliburton Co. | 127,909 | 0.6 | 8,647,927 | |||||||||
Schlumberger Ltd. | 197,687 | 1.5 | 21,674,403 | |||||||||
Other Securities | 5.1 | 76,518,458 | ||||||||||
8.4 | 124,572,464 | |||||||||||
Food & Staples Retailing 3.4% | ||||||||||||
Costco Wholesale Corp. | 66,445 | 0.5 | 8,045,161 | |||||||||
CVS Caremark Corp. | 176,939 | 0.9 | 14,057,804 | |||||||||
Wal-Mart Stores, Inc. | 244,316 | 1.2 | 18,445,858 | |||||||||
Walgreen Co. | 132,866 | 0.5 | 8,041,050 | |||||||||
Other Securities | 0.3 | 2,184,364 | ||||||||||
3.4 | 50,774,237 | |||||||||||
Food, Beverage & Tobacco 2.3% | ||||||||||||
PepsiCo, Inc. | 229,912 | 1.4 | 21,264,561 | |||||||||
Other Securities | 0.9 | 12,161,747 | ||||||||||
2.3 | 33,426,308 | |||||||||||
Health Care Equipment & Services 6.5% | ||||||||||||
Express Scripts Holding Co. * | 116,823 | 0.6 | 8,636,724 | |||||||||
Medtronic, Inc. | 151,873 | 0.7 | 9,697,091 | |||||||||
UnitedHealth Group, Inc. | 148,290 | 0.9 | 12,853,777 | |||||||||
Other Securities | 4.3 | 65,174,368 | ||||||||||
6.5 | 96,361,960 | |||||||||||
Household & Personal Products 1.0% | ||||||||||||
Colgate-Palmolive Co. | 131,973 | 0.6 | 8,542,612 | |||||||||
Other Securities | 0.4 | 6,084,783 | ||||||||||
1.0 | 14,627,395 | |||||||||||
Insurance 0.4% | ||||||||||||
Other Securities | 0.4 | 5,858,077 | ||||||||||
Materials 3.1% | ||||||||||||
LyondellBasell Industries N.V., Class A | 63,564 | 0.5 | 7,268,543 | |||||||||
Monsanto Co. | 79,429 | 0.6 | 9,185,964 | |||||||||
Other Securities | 2.0 | 30,250,415 | ||||||||||
3.1 | 46,704,922 | |||||||||||
Media 3.8% | ||||||||||||
Comcast Corp., Class A | 393,879 | 1.5 | 21,556,998 | |||||||||
Other Securities | 2.3 | 34,880,763 | ||||||||||
3.8 | 56,437,761 |
36 See financial notes
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Portfolio Holdings continued
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Pharmaceuticals, Biotechnology & Life Sciences 11.3% | ||||||||||||
Actavis plc * | 39,973 | 0.6 | 9,073,072 | |||||||||
Allergan, Inc. | 44,954 | 0.5 | 7,358,071 | |||||||||
Amgen, Inc. | 114,556 | 1.1 | 15,966,815 | |||||||||
Biogen Idec, Inc. * | 35,876 | 0.8 | 12,306,903 | |||||||||
Celgene Corp. * | 122,230 | 0.8 | 11,614,295 | |||||||||
Gilead Sciences, Inc. * | 232,338 | 1.7 | 24,994,922 | |||||||||
Johnson & Johnson | 428,706 | 3.0 | 44,469,673 | |||||||||
Thermo Fisher Scientific, Inc. | 60,339 | 0.5 | 7,253,351 | |||||||||
Other Securities | 2.3 | 35,490,027 | ||||||||||
11.3 | 168,527,129 | |||||||||||
Real Estate 3.1% | ||||||||||||
Simon Property Group, Inc. | 47,005 | 0.5 | 7,992,260 | |||||||||
Other Securities | 2.6 | 38,408,485 | ||||||||||
3.1 | 46,400,745 | |||||||||||
Retailing 5.7% | ||||||||||||
Amazon.com, Inc. * | 56,402 | 1.3 | 19,122,534 | |||||||||
Lowe’s Cos., Inc. | 150,933 | 0.5 | 7,925,492 | |||||||||
The Priceline Group, Inc. * | 7,919 | 0.7 | 9,853,691 | |||||||||
Other Securities | 3.2 | 47,813,907 | ||||||||||
5.7 | 84,715,624 | |||||||||||
Semiconductors & Semiconductor Equipment 0.8% | ||||||||||||
Other Securities | 0.8 | 11,197,969 | ||||||||||
Software & Services 17.3% | ||||||||||||
Accenture plc, Class A | 96,495 | 0.5 | 7,821,885 | |||||||||
eBay, Inc. * | 172,624 | 0.6 | 9,580,632 | |||||||||
Facebook, Inc., Class A * | 260,180 | 1.3 | 19,466,668 | |||||||||
Google, Inc., Class A * | 42,858 | 1.7 | 24,958,785 | |||||||||
Google, Inc., Class C * | 43,008 | 1.7 | 24,583,373 | |||||||||
MasterCard, Inc., Class A | 152,056 | 0.8 | 11,527,365 | |||||||||
Microsoft Corp. | 1,138,414 | 3.5 | 51,718,148 | |||||||||
Oracle Corp. | 519,597 | 1.5 | 21,578,863 | |||||||||
Visa, Inc., Class A | 76,068 | 1.1 | 16,165,971 | |||||||||
Other Securities | 4.6 | 68,897,741 | ||||||||||
17.3 | 256,299,431 | |||||||||||
Technology Hardware & Equipment 10.5% | ||||||||||||
Apple, Inc. | 914,177 | 6.3 | 93,703,143 | |||||||||
Cisco Systems, Inc. | 775,394 | 1.3 | 19,377,096 | |||||||||
EMC Corp. | 309,799 | 0.6 | 9,148,364 | |||||||||
QUALCOMM, Inc. | 255,407 | 1.3 | 19,436,473 | |||||||||
Other Securities | 1.0 | 14,417,181 | ||||||||||
10.5 | 156,082,257 | |||||||||||
Telecommunication Services 0.4% | ||||||||||||
Other Securities | 0.4 | 5,332,061 | ||||||||||
Transportation 3.8% | ||||||||||||
Union Pacific Corp. | 137,045 | 1.0 | 14,426,727 | |||||||||
United Parcel Service, Inc., Class B | 107,134 | 0.7 | 10,427,352 | |||||||||
Other Securities | 2.1 | 31,800,269 | ||||||||||
3.8 | 56,654,348 | |||||||||||
Utilities 0.2% | ||||||||||||
Other Securities | 0.2 | 3,623,592 | ||||||||||
Total Common Stock | ||||||||||||
(Cost $1,093,683,669) | 1,482,757,384 | |||||||||||
Other Investment Companies 0.4% of net assets | ||||||||||||
Equity Fund 0.0% | ||||||||||||
Other Securities | 0.0 | 466,250 | ||||||||||
Money Market Fund 0.1% | ||||||||||||
Other Securities | 0.1 | 624,118 | ||||||||||
Securities Lending Collateral 0.3% | ||||||||||||
Other Securities | 0.3 | 4,905,764 | ||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $5,962,623) | 5,996,132 | |||||||||||
End of Investments. |
At 08/31/14, the tax basis cost of the fund’s investments was $1,099,755,291 and the unrealized appreciation and depreciation were $394,453,955 and ($5,455,730), respectively, with a net unrealized appreciation of $388,998,225.
For the following notes, please refer to the complete schedule of portfolio holdings.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $4,777,840. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | The rate shown is the 7-day yield. |
ETF — | Exchange Traded Fund |
See financial notes 37
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Portfolio Holdings continued
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $1,482,757,384 | $— | $— | $1,482,757,384 | ||||||||||||
Other Investment Companies1 | 5,996,132 | — | — | 5,996,132 | ||||||||||||
Total | $1,488,753,516 | $— | $— | $1,488,753,516 | ||||||||||||
1 | As categorized in the complete schedule of portfolio holdings. |
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended August 31, 2014.
38 See financial notes
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments in affiliated issuers, at value (cost $3,478,204) | $5,014,567 | |||||
Investments in unaffiliated issuers, at value (cost $1,091,262,324) including securities on loan of $4,777,840 | 1,478,833,185 | |||||
Collateral invested for securities on loan, at value (cost $4,905,764) | + | 4,905,764 | ||||
Total investments, at value (cost $1,099,646,292) | 1,488,753,516 | |||||
Receivables: | ||||||
Dividends | 1,951,489 | |||||
Income from securities on loan | 14,642 | |||||
Foreign tax reclaims | + | 7,730 | ||||
Total assets | 1,490,727,377 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 4,905,764 | |||||
Payables: | ||||||
Investment adviser fees | + | 16,990 | ||||
Total liabilities | 4,922,754 | |||||
Net Assets | ||||||
Total assets | 1,490,727,377 | |||||
Total liabilities | − | 4,922,754 | ||||
Net assets | $1,485,804,623 | |||||
Net Assets by Source | ||||||
Capital received from investors | 1,102,123,090 | |||||
Net investment income not yet distributed | 2,968,776 | |||||
Net realized capital losses | (8,394,467 | ) | ||||
Net unrealized capital appreciation | 389,107,224 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$1,485,804,623 | 29,650,000 | $50.11 |
See financial notes 39
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends received from affiliated issuer | $36,785 | |||||
Dividends received from unaffiliated issuers (net of foreign withholding tax of $9,599) | 15,652,746 | |||||
Securities on loan | + | 98,235 | ||||
Total investment income | 15,787,766 | |||||
Expenses | ||||||
Investment adviser fees | 815,131 | |||||
Total expenses | − | 815,131 | ||||
Net investment income | 14,972,635 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized gains on affiliated issuer | 39,548 | |||||
Net realized gains on unaffiliated investments | 657,368 | |||||
Net realized gains on in-kind redemptions | + | 10,337,832 | ||||
Net realized gains | 11,034,748 | |||||
Net change in unrealized appreciation (depreciation) on affiliated issuer | 1,050,626 | |||||
Net change in unrealized appreciation (depreciation) on unaffiliated investments | + | 247,339,768 | ||||
Net change in unrealized appreciation (depreciation) | + | 248,390,394 | ||||
Net realized and unrealized gains | 259,425,142 | |||||
Increase in net assets resulting from operations | $274,397,777 |
40 See financial notes
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $14,972,635 | $9,674,413 | ||||||||
Net realized gains | 11,034,748 | 372,254 | ||||||||
Net change in unrealized appreciation (depreciation) | + | 248,390,394 | 91,118,212 | |||||||
Increase in net assets resulting from operations | 274,397,777 | 101,164,879 | ||||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($13,914,310 | ) | ($8,617,825 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 9,250,000 | $420,385,407 | 7,700,000 | $287,234,792 | ||||||||||||||
Shares redeemed | + | (500,000 | ) | (22,677,152 | ) | (750,000 | ) | (27,230,664 | ) | |||||||||
Net transactions in fund shares | 8,750,000 | $397,708,255 | 6,950,000 | $260,004,128 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 20,900,000 | $827,612,901 | 13,950,000 | $475,061,719 | ||||||||||||||
Total increase | + | 8,750,000 | 658,191,722 | 6,950,000 | 352,551,182 | |||||||||||||
End of period | 29,650,000 | $1,485,804,623 | 20,900,000 | $827,612,901 | ||||||||||||||
Net investment income not yet distributed | $2,968,776 | $2,061,801 |
See financial notes 41
Table of Contents
Schwab U.S. Large-Cap Value ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 9/1/11– | 9/1/10– | 12/9/091– | ||||||||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | 8/31/11 | 8/31/10 | ||||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||||
Net asset value at beginning of period | 36.49 | 31.24 | 27.34 | 24.36 | 25.00 | |||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||
Net investment income (loss) | 1.00 | 0.93 | 0.82 | 0.70 | 0.47 | |||||||||||||||||
Net realized and unrealized gains (losses) | 7.03 | 5.24 | 3.89 | 2.99 | (0.78 | ) | ||||||||||||||||
Total from investment operations | 8.03 | 6.17 | 4.71 | 3.69 | (0.31 | ) | ||||||||||||||||
Less distributions: | ||||||||||||||||||||||
Distributions from net investment income | (0.98 | ) | (0.92 | ) | (0.81 | ) | (0.71 | ) | (0.33 | ) | ||||||||||||
Net asset value at end of period | 43.54 | 36.49 | 31.24 | 27.34 | 24.36 | |||||||||||||||||
Total return (%) | 22.25 | 20.06 | 17.53 | 15.12 | (1.29 | )2 | ||||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||||
Total expenses | 0.07 | 0.07 | 0.13 | 0.13 | 0.14 | 3,4 | ||||||||||||||||
Net investment income (loss) | 2.54 | 2.73 | 2.89 | 2.68 | 2.98 | 3 | ||||||||||||||||
Portfolio turnover rate5 | 9 | 9 | 8 | 7 | 5 | 2 | ||||||||||||||||
Net assets, end of period ($ x 1,000) | 1,162,576 | 700,693 | 385,791 | 241,994 | 84,052 |
1 Commencement of operations.
2 Not annualized.
3 Annualized.
4 Effective June 14, 2010, the annual operating expense ratio was reduced. The ratio presented for period ended 8/31/10 is a blended ratio.
5 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
42 See financial notes
Table of Contents
Schwab U.S. Large-Cap Value ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .7% | Common Stock | 939,758,277 | 1,158,924,925 | ||||||||
0 | .1% | Other Investment Companies | 1,548,517 | 1,587,326 | ||||||||
99 | .8% | Total Investments | 941,306,794 | 1,160,512,251 | ||||||||
0 | .2% | Other Assets and Liabilities, Net | 2,063,901 | |||||||||
100 | .0% | Net Assets | 1,162,576,152 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 99.7% of net assets | ||||||||||||
Automobiles & Components 2.2% | ||||||||||||
Ford Motor Co. | 472,501 | 0.7 | 8,226,242 | |||||||||
General Motors Co. | 156,713 | 0.5 | 5,453,612 | |||||||||
Other Securities | 1.0 | 11,301,388 | ||||||||||
2.2 | 24,981,242 | |||||||||||
Banks 11.1% | ||||||||||||
Bank of America Corp. | 1,256,679 | 1.7 | 20,219,965 | |||||||||
Citigroup, Inc. | 363,012 | 1.6 | 18,749,570 | |||||||||
JPMorgan Chase & Co. | 453,863 | 2.3 | 26,982,155 | |||||||||
The PNC Financial Services Group, Inc. | 63,778 | 0.5 | 5,405,185 | |||||||||
U.S. Bancorp | 217,150 | 0.8 | 9,181,102 | |||||||||
Wells Fargo & Co. | 573,579 | 2.5 | 29,504,904 | |||||||||
Other Securities | 1.7 | 18,901,961 | ||||||||||
11.1 | 128,944,842 | |||||||||||
Capital Goods 9.0% | ||||||||||||
3M Co. | 74,424 | 0.9 | 10,717,056 | |||||||||
Emerson Electric Co. | 84,117 | 0.5 | 5,385,170 | |||||||||
General Electric Co. | 1,200,123 | 2.7 | 31,179,196 | |||||||||
Honeywell International, Inc. | 93,812 | 0.8 | 8,933,717 | |||||||||
Lockheed Martin Corp. | 31,755 | 0.5 | 5,525,370 | |||||||||
United Technologies Corp. | 100,685 | 0.9 | 10,871,966 | |||||||||
Other Securities | 2.7 | 32,429,548 | ||||||||||
9.0 | 105,042,023 | |||||||||||
Commercial & Professional Services 0.8% | ||||||||||||
Other Securities | 0.8 | 9,200,745 | ||||||||||
Consumer Durables & Apparel 0.7% | ||||||||||||
Other Securities | 0.7 | 8,545,382 | ||||||||||
Consumer Services 1.6% | ||||||||||||
McDonald’s Corp. | 118,121 | 1.0 | 11,070,300 | |||||||||
Other Securities | 0.6 | 7,886,805 | ||||||||||
1.6 | 18,957,105 | |||||||||||
Diversified Financials 3.5% | ||||||||||||
Capital One Financial Corp. | 68,081 | 0.5 | 5,586,727 | |||||||||
Morgan Stanley | 167,951 | 0.5 | 5,762,399 | |||||||||
The Bank of New York Mellon Corp. | 136,024 | 0.5 | 5,329,420 | |||||||||
The Goldman Sachs Group, Inc. | 50,038 | 0.8 | 8,962,306 | |||||||||
Other Securities | 1.2 | 15,368,411 | ||||||||||
3.5 | 41,009,263 | |||||||||||
Energy 11.9% | ||||||||||||
Chevron Corp. | 227,925 | 2.5 | 29,504,891 | |||||||||
ConocoPhillips | 146,792 | 1.0 | 11,922,446 | |||||||||
Exxon Mobil Corp. | 513,949 | 4.4 | 51,117,368 | |||||||||
Occidental Petroleum Corp. | 94,529 | 0.8 | 9,805,493 | |||||||||
Phillips 66 | 67,428 | 0.5 | 5,867,585 | |||||||||
Other Securities | 2.7 | 30,223,826 | ||||||||||
11.9 | 138,441,609 | |||||||||||
Food & Staples Retailing 0.6% | ||||||||||||
Other Securities | 0.6 | 7,132,890 | ||||||||||
Food, Beverage & Tobacco 7.5% | ||||||||||||
Altria Group, Inc. | 237,723 | 0.9 | 10,241,107 | |||||||||
Mondelez International, Inc., Class A | 201,783 | 0.6 | 7,302,527 | |||||||||
Philip Morris International, Inc. | 188,071 | 1.4 | 16,095,116 | |||||||||
The Coca-Cola Co. | 451,786 | 1.6 | 18,848,512 | |||||||||
Other Securities | 3.0 | 34,069,024 | ||||||||||
7.5 | 86,556,286 | |||||||||||
Health Care Equipment & Services 2.4% | ||||||||||||
Abbott Laboratories | 180,295 | 0.7 | 7,615,661 | |||||||||
Other Securities | 1.7 | 19,981,145 | ||||||||||
2.4 | 27,596,806 | |||||||||||
Household & Personal Products 2.9% | ||||||||||||
The Procter & Gamble Co. | 323,910 | 2.3 | 26,920,160 | |||||||||
Other Securities | 0.6 | 7,052,305 | ||||||||||
2.9 | 33,972,465 | |||||||||||
Insurance 5.8% | ||||||||||||
American International Group, Inc. | 174,103 | 0.8 | 9,760,214 | |||||||||
MetLife, Inc. | 134,842 | 0.6 | 7,381,251 |
See financial notes 43
Table of Contents
Schwab U.S. Large-Cap Value ETF
�� | ||||||||||||
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Other Securities | 4.4 | 49,933,574 | ||||||||||
5.8 | 67,075,039 | |||||||||||
Materials 4.1% | ||||||||||||
E.I. du Pont de Nemours & Co. | 109,327 | 0.6 | 7,227,608 | |||||||||
The Dow Chemical Co. | 144,311 | 0.7 | 7,727,854 | |||||||||
Other Securities | 2.8 | 33,110,667 | ||||||||||
4.1 | 48,066,129 | |||||||||||
Media 3.7% | ||||||||||||
The Walt Disney Co. | 192,551 | 1.5 | 17,306,484 | |||||||||
Time Warner, Inc. | 105,097 | 0.7 | 8,095,622 | |||||||||
Twenty-First Century Fox, Inc., Class A | 228,185 | 0.7 | 8,082,313 | |||||||||
Other Securities | 0.8 | 9,509,662 | ||||||||||
3.7 | 42,994,081 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 6.5% | ||||||||||||
AbbVie, Inc. | 190,037 | 0.9 | 10,505,245 | |||||||||
Bristol-Myers Squibb Co. | 199,295 | 0.9 | 10,094,292 | |||||||||
Eli Lilly & Co. | 117,557 | 0.6 | 7,471,923 | |||||||||
Merck & Co., Inc. | 349,905 | 1.8 | 21,032,789 | |||||||||
Pfizer, Inc. | 762,922 | 1.9 | 22,422,278 | |||||||||
Other Securities | 0.4 | 4,229,143 | ||||||||||
6.5 | 75,755,670 | |||||||||||
Real Estate 2.6% | ||||||||||||
Other Securities | 2.6 | 30,457,866 | ||||||||||
Retailing 2.9% | ||||||||||||
The Home Depot, Inc. | 163,684 | 1.3 | 15,304,454 | |||||||||
Other Securities | 1.6 | 17,738,168 | ||||||||||
2.9 | 33,042,622 | |||||||||||
Semiconductors & Semiconductor Equipment 4.0% | ||||||||||||
Intel Corp. | 595,242 | 1.8 | 20,785,851 | |||||||||
Texas Instruments, Inc. | 129,341 | 0.5 | 6,231,649 | |||||||||
Other Securities | 1.7 | 18,995,717 | ||||||||||
4.0 | 46,013,217 | |||||||||||
Software & Services 3.0% | ||||||||||||
International Business Machines Corp. | 114,186 | 1.9 | 21,957,968 | |||||||||
Other Securities | 1.1 | 13,346,947 | ||||||||||
3.0 | 35,304,915 | |||||||||||
Technology Hardware & Equipment 2.2% | ||||||||||||
Hewlett-Packard Co. | 225,434 | 0.7 | 8,566,492 | |||||||||
Other Securities | 1.5 | 16,450,533 | ||||||||||
2.2 | 25,017,025 | |||||||||||
Telecommunication Services 4.4% | ||||||||||||
AT&T, Inc. | 621,386 | 1.9 | 21,723,655 | |||||||||
Verizon Communications, Inc. | 495,738 | 2.1 | 24,697,667 | |||||||||
Other Securities | 0.4 | 4,986,063 | ||||||||||
4.4 | 51,407,385 | |||||||||||
Transportation 0.3% | ||||||||||||
Other Securities | 0.3 | 3,966,169 | ||||||||||
Utilities 6.0% | ||||||||||||
Duke Energy Corp. | 84,414 | 0.5 | 6,245,792 | |||||||||
Other Securities | 5.5 | 63,198,357 | ||||||||||
6.0 | 69,444,149 | |||||||||||
Total Common Stock | ||||||||||||
(Cost $939,758,277) | 1,158,924,925 | |||||||||||
Other Investment Companies 0.1% of net assets | ||||||||||||
Equity Fund 0.1% | ||||||||||||
Other Securities | 0.1 | 1,129,040 | ||||||||||
Money Market Fund 0.0% | ||||||||||||
Other Securities | 0.0 | 458,084 | ||||||||||
Securities Lending Collateral 0.0% | ||||||||||||
Other Securities | 0.0 | 202 | ||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $1,548,517) | 1,587,326 | |||||||||||
End of Investments. |
At 08/31/14, the tax basis cost of the fund’s investments was $941,769,305 and the unrealized appreciation and depreciation were $220,956,500 and ($2,213,554), respectively, with a net unrealized appreciation of $218,742,946.
For the following notes, please refer to the complete schedule of portfolio holdings.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $122,158. | |
(b) | The rate shown is the 7-day yield. |
ETF — | Exchange Traded Fund | |
REIT — | Real Estate Investment Trust |
44 See financial notes
Table of Contents
Schwab U.S. Large-Cap Value ETF
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $1,158,924,925 | $— | $— | $1,158,924,925 | ||||||||||||
Other Investment Companies1 | 1,587,326 | — | — | 1,587,326 | ||||||||||||
Total | $1,160,512,251 | $— | $— | $1,160,512,251 | ||||||||||||
1 | As categorized in the complete schedule of portfolio holdings. |
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended August 31, 2014.
See financial notes 45
Table of Contents
Schwab U.S. Large-Cap Value ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments, at value (cost $941,306,592) including securities on loan of $122,158 | $1,160,512,049 | |||||
Collateral invested for securities on loan, at value (cost $202) | + | 202 | ||||
Total investments, at value (cost $941,306,794) | 1,160,512,251 | |||||
Receivables: | ||||||
Dividends | 2,998,500 | |||||
Income from securities on loan | + | 87 | ||||
Total assets | 1,163,510,838 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 202 | |||||
Payables: | ||||||
Investments bought | 921,152 | |||||
Investment adviser fees | + | 13,332 | ||||
Total liabilities | 934,686 | |||||
Net Assets | ||||||
Total assets | 1,163,510,838 | |||||
Total liabilities | − | 934,686 | ||||
Net assets | $1,162,576,152 | |||||
Net Assets by Source | ||||||
Capital received from investors | 942,384,846 | |||||
Net investment income not yet distributed | 4,194,771 | |||||
Net realized capital losses | (3,208,922 | ) | ||||
Net unrealized capital appreciation | 219,205,457 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$1,162,576,152 | 26,700,000 | $43.54 |
46 See financial notes
Table of Contents
Schwab U.S. Large-Cap Value ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends | $23,412,270 | |||||
Securities on loan | + | 16,445 | ||||
Total investment income | 23,428,715 | |||||
Expenses | ||||||
Investment adviser fees | 627,219 | |||||
Total expenses | − | 627,219 | ||||
Net investment income | 22,801,496 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized losses on investments | (711,100 | ) | ||||
Net realized gains on in-kind redemptions | + | 16,450,241 | ||||
Net realized gains | 15,739,141 | |||||
Net change in unrealized appreciation (depreciation) on investments | + | 135,710,697 | ||||
Net realized and unrealized gains | 151,449,838 | |||||
Increase in net assets resulting from operations | $174,251,334 |
See financial notes 47
Table of Contents
Schwab U.S. Large-Cap Value ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $22,801,496 | $14,394,685 | ||||||||
Net realized gains | 15,739,141 | 16,349,174 | ||||||||
Net change in unrealized appreciation (depreciation) | + | 135,710,697 | 52,823,018 | |||||||
Increase in net assets resulting from operations | 174,251,334 | 83,566,877 | ||||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($21,232,840 | ) | ($13,282,460 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 8,900,000 | $364,173,324 | 9,400,000 | $328,362,220 | ||||||||||||||
Shares redeemed | + | (1,400,000 | ) | (55,308,685 | ) | (2,550,000 | ) | (83,744,269 | ) | |||||||||
Net transactions in fund shares | 7,500,000 | $308,864,639 | 6,850,000 | $244,617,951 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 19,200,000 | $700,693,019 | 12,350,000 | $385,790,651 | ||||||||||||||
Total increase | + | 7,500,000 | 461,883,133 | 6,850,000 | 314,902,368 | |||||||||||||
End of period | 26,700,000 | $1,162,576,152 | 19,200,000 | $700,693,019 | ||||||||||||||
Net investment income not yet distributed | $4,194,771 | $2,758,069 |
48 See financial notes
Table of Contents
Schwab U.S. Mid-Cap ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 9/1/11– | 1/12/111– | |||||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | 8/31/11 | |||||||||||||||
Per-Share Data ($) | ||||||||||||||||||
Net asset value at beginning of period | 32.94 | 26.56 | 23.75 | 25.00 | ||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||
Net investment income (loss) | 0.56 | 0.51 | 0.37 | 0.18 | ||||||||||||||
Net realized and unrealized gains (losses) | 7.62 | 6.40 | 2.77 | (1.29 | ) | |||||||||||||
Total from investment operations | 8.18 | 6.91 | 3.14 | (1.11 | ) | |||||||||||||
Less distributions: | ||||||||||||||||||
Distributions from net investment income | (0.56 | ) | (0.53 | ) | (0.33 | ) | (0.14 | ) | ||||||||||
Net asset value at end of period | 40.56 | 32.94 | 26.56 | 23.75 | ||||||||||||||
Total return (%) | 24.97 | 26.27 | 13.32 | (4.49 | )2 | |||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||
Total expenses | 0.07 | 0.07 | 0.13 | 0.13 | 3 | |||||||||||||
Net investment income (loss) | 1.53 | 1.70 | 1.53 | 1.18 | 3 | |||||||||||||
Portfolio turnover rate4 | 9 | 25 | 19 | 9 | 2 | |||||||||||||
Net assets, end of period ($ x 1,000) | 1,190,517 | 611,081 | 205,840 | 79,550 |
1 Commencement of operations.
2 Not annualized.
3 Annualized.
4 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
See financial notes 49
Table of Contents
Schwab U.S. Mid-Cap ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .9% | Common Stock | 985,694,317 | 1,189,455,202 | ||||||||
0 | .9% | Other Investment Companies | 10,125,970 | 10,126,276 | ||||||||
100 | .8% | Total Investments | 995,820,287 | 1,199,581,478 | ||||||||
(0 | .8)% | Other Assets and Liabilities, Net | (9,064,556 | ) | ||||||||
100 | .0% | Net Assets | 1,190,516,922 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 99.9% of net assets | ||||||||||||
Automobiles & Components 1.5% | ||||||||||||
TRW Automotive Holdings Corp. * | 51,749 | 0.4 | 4,982,911 | |||||||||
Other Securities | 1.1 | 13,143,768 | ||||||||||
1.5 | 18,126,679 | |||||||||||
Banks 3.6% | ||||||||||||
Other Securities | 3.6 | 43,149,682 | ||||||||||
Capital Goods 12.0% | ||||||||||||
B/E Aerospace, Inc. * | 46,453 | 0.3 | 3,936,427 | |||||||||
Masco Corp. | 166,409 | 0.3 | 3,905,619 | |||||||||
Pall Corp. | 51,157 | 0.4 | 4,316,116 | |||||||||
TransDigm Group, Inc. | 22,933 | 0.4 | 4,311,175 | |||||||||
United Rentals, Inc. * | 45,277 | 0.4 | 5,326,839 | |||||||||
Other Securities | 10.2 | 121,395,432 | ||||||||||
12.0 | 143,191,608 | |||||||||||
Commercial & Professional Services 2.9% | ||||||||||||
Equifax, Inc. | 57,037 | 0.4 | 4,492,234 | |||||||||
Other Securities | 2.5 | 30,212,881 | ||||||||||
2.9 | 34,705,115 | |||||||||||
Consumer Durables & Apparel 4.8% | ||||||||||||
Hanesbrands, Inc. | 46,453 | 0.4 | 4,769,794 | |||||||||
Mohawk Industries, Inc. * | 28,225 | 0.3 | 4,121,414 | |||||||||
Newell Rubbermaid, Inc. | 129,365 | 0.4 | 4,336,315 | |||||||||
Polaris Industries, Inc. | 30,576 | 0.4 | 4,445,139 | |||||||||
Under Armour, Inc., Class A * | 75,696 | 0.4 | 5,174,579 | |||||||||
Other Securities | 2.9 | 34,312,670 | ||||||||||
4.8 | 57,159,911 | |||||||||||
Consumer Services 2.8% | ||||||||||||
H&R Block, Inc. | 128,188 | 0.4 | 4,298,144 | |||||||||
Other Securities | 2.4 | 29,472,241 | ||||||||||
2.8 | 33,770,385 | |||||||||||
Diversified Financials 2.7% | ||||||||||||
Other Securities | 2.7 | 32,677,087 | ||||||||||
Energy 7.2% | ||||||||||||
Cheniere Energy, Inc. * | 102,316 | 0.7 | 8,211,882 | |||||||||
Cimarex Energy Co. | 40,573 | 0.5 | 5,889,577 | |||||||||
Helmerich & Payne, Inc. | 50,568 | 0.4 | 5,312,168 | |||||||||
Tesoro Corp. | 60,567 | 0.3 | 3,921,108 | |||||||||
Whiting Petroleum Corp. * | 55,274 | 0.4 | 5,121,689 | |||||||||
Other Securities | 4.9 | 57,026,644 | ||||||||||
7.2 | 85,483,068 | |||||||||||
Food & Staples Retailing 0.6% | ||||||||||||
Other Securities | 0.6 | 7,341,752 | ||||||||||
Food, Beverage & Tobacco 1.0% | ||||||||||||
Other Securities | 1.0 | 11,555,241 | ||||||||||
Health Care Equipment & Services 4.5% | ||||||||||||
Universal Health Services, Inc., Class B | 41,749 | 0.4 | 4,777,756 | |||||||||
Other Securities | 4.1 | 48,570,030 | ||||||||||
4.5 | 53,347,786 | |||||||||||
Household & Personal Products 0.7% | ||||||||||||
Other Securities | 0.7 | 7,850,152 | ||||||||||
Insurance 5.6% | ||||||||||||
Markel Corp. * | 6,468 | 0.4 | 4,267,587 | |||||||||
Other Securities | 5.2 | 62,933,262 | ||||||||||
5.6 | 67,200,849 | |||||||||||
Materials 7.6% | ||||||||||||
International Flavors & Fragrances, Inc. | 38,221 | 0.3 | 3,882,871 | |||||||||
Vulcan Materials Co. | 61,154 | 0.3 | 3,875,941 | |||||||||
Other Securities | 7.0 | 83,096,068 | ||||||||||
7.6 | 90,854,880 | |||||||||||
Media 1.7% | ||||||||||||
The Interpublic Group of Cos., Inc. | 197,575 | 0.3 | 3,858,640 | |||||||||
Other Securities | 1.4 | 15,844,723 | ||||||||||
1.7 | 19,703,363 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 4.8% | ||||||||||||
BioMarin Pharmaceutical, Inc. * | 67,621 | 0.4 | 4,815,968 | |||||||||
Endo International plc * | 65,423 | 0.4 | 4,168,099 |
50 See financial notes
Table of Contents
Schwab U.S. Mid-Cap ETF
Portfolio Holdings continued
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Hospira, Inc. * | 77,617 | 0.4 | 4,171,138 | |||||||||
Jazz Pharmaceuticals plc * | 25,063 | 0.3 | 4,083,264 | |||||||||
Pharmacyclics, Inc. * | 31,752 | 0.3 | 3,949,631 | |||||||||
Salix Pharmaceuticals Ltd. * | 29,400 | 0.4 | 4,677,834 | |||||||||
Other Securities | 2.6 | 31,160,523 | ||||||||||
4.8 | 57,026,457 | |||||||||||
Real Estate 9.2% | ||||||||||||
CBRE Group, Inc., Class A * | 129,955 | 0.3 | 4,129,970 | |||||||||
Essex Property Trust, Inc. | 28,812 | 0.5 | 5,573,681 | |||||||||
Federal Realty Investment Trust | 31,272 | 0.3 | 3,902,120 | |||||||||
Realty Income Corp. | 102,901 | 0.4 | 4,601,733 | |||||||||
SL Green Realty Corp. | 44,689 | 0.4 | 4,886,742 | |||||||||
Other Securities | 7.3 | 86,470,794 | ||||||||||
9.2 | 109,565,040 | |||||||||||
Retailing 4.3% | ||||||||||||
Advance Auto Parts, Inc. | 34,106 | 0.4 | 4,652,740 | |||||||||
Foot Locker, Inc. | 68,210 | 0.3 | 3,827,263 | |||||||||
LKQ Corp. * | 141,124 | 0.3 | 4,007,922 | |||||||||
Signet Jewelers Ltd. | 37,172 | 0.4 | 4,381,464 | |||||||||
Tractor Supply Co. | 64,683 | 0.4 | 4,330,527 | |||||||||
Other Securities | 2.5 | 29,549,748 | ||||||||||
4.3 | 50,749,664 | |||||||||||
Semiconductors & Semiconductor Equipment 2.1% | ||||||||||||
Lam Research Corp. | 75,854 | 0.5 | 5,454,661 | |||||||||
Skyworks Solutions, Inc. | 88,204 | 0.4 | 4,997,639 | |||||||||
Other Securities | 1.2 | 14,214,742 | ||||||||||
2.1 | 24,667,042 | |||||||||||
Software & Services 7.7% | ||||||||||||
Akamai Technologies, Inc. * | 82,911 | 0.4 | 5,009,483 | |||||||||
Computer Sciences Corp. | 67,622 | 0.3 | 4,043,119 | |||||||||
Electronic Arts, Inc. * | 145,826 | 0.5 | 5,518,056 | |||||||||
FleetCor Technologies, Inc. * | 34,104 | 0.4 | 4,900,404 | |||||||||
Other Securities | 6.1 | 71,884,048 | ||||||||||
7.7 | 91,355,110 | |||||||||||
Technology Hardware & Equipment 3.3% | ||||||||||||
Trimble Navigation Ltd. * | 121,720 | 0.3 | 4,048,407 | |||||||||
Other Securities | 3.0 | 35,798,561 | ||||||||||
3.3 | 39,846,968 | |||||||||||
Telecommunication Services 1.2% | ||||||||||||
Other Securities | 1.2 | 14,024,566 | ||||||||||
Transportation 2.9% | ||||||||||||
American Airlines Group, Inc. | 334,355 | 1.1 | 13,009,753 | |||||||||
Other Securities | 1.8 | 21,626,607 | ||||||||||
2.9 | 34,636,360 | |||||||||||
Utilities 5.2% | ||||||||||||
American Water Works Co., Inc. | 83,499 | 0.4 | 4,225,884 | |||||||||
CMS Energy Corp. | 125,246 | 0.3 | 3,825,013 | |||||||||
NRG Energy, Inc. | 159,348 | 0.4 | 4,904,731 | |||||||||
Other Securities | 4.1 | 48,510,809 | ||||||||||
5.2 | 61,466,437 | |||||||||||
Total Common Stock | ||||||||||||
(Cost $985,694,317) | 1,189,455,202 | |||||||||||
Other Investment Companies 0.9% of net assets | ||||||||||||
Equity Fund 0.0% | ||||||||||||
Other Securities | 0.0 | 1,309 | ||||||||||
Money Market Fund 0.0% | ||||||||||||
Other Securities | 0.0 | 289,119 | ||||||||||
Securities Lending Collateral 0.9% | ||||||||||||
Other Securities | 0.9 | 9,835,848 | ||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $10,125,970) | 10,126,276 | |||||||||||
End of Investments. |
At 08/31/14, the tax basis cost of the fund’s investments was $996,149,937 and the unrealized appreciation and depreciation were $217,040,653 and ($13,609,112), respectively, with a net unrealized appreciation of $203,431,541.
For the following notes, please refer to the complete schedule of portfolio holdings.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $12,592,961. | |
(b) | The rate shown is the 7-day yield. |
ETF — | Exchange Traded Fund | |
REIT — | Real Estate Investment Trust |
See financial notes 51
Table of Contents
Schwab U.S. Mid-Cap ETF
Portfolio Holdings continued
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $1,189,455,202 | $— | $— | $1,189,455,202 | ||||||||||||
Other Investment Companies1 | 10,126,276 | — | — | 10,126,276 | ||||||||||||
Total | $1,199,581,478 | $— | $— | $1,199,581,478 | ||||||||||||
1 | As categorized in the complete schedule of portfolio holdings. |
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended August 31, 2014.
52 See financial notes
Table of Contents
Schwab U.S. Mid-Cap ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments, at value (cost $985,984,439) including securities on loan of $12,592,961 | $1,189,745,630 | |||||
Collateral invested for securities on loan, at value (cost $9,835,848) | + | 9,835,848 | ||||
Total investments, at value (cost $995,820,287) | 1,199,581,478 | |||||
Receivables: | ||||||
Dividends | 1,106,089 | |||||
Income from securities on loan | + | 45,775 | ||||
Total assets | 1,200,733,342 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 9,835,848 | |||||
Payables: | ||||||
Investments bought | 366,952 | |||||
Investment adviser fees | + | 13,620 | ||||
Total liabilities | 10,216,420 | |||||
Net Assets | ||||||
Total assets | 1,200,733,342 | |||||
Total liabilities | − | 10,216,420 | ||||
Net assets | $1,190,516,922 | |||||
Net Assets by Source | ||||||
Capital received from investors | 993,473,080 | |||||
Net investment income not yet distributed | 1,026,552 | |||||
Net realized capital losses | (7,743,901 | ) | ||||
Net unrealized capital appreciation | 203,761,191 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$1,190,516,922 | 29,350,000 | $40.56 |
See financial notes 53
Table of Contents
Schwab U.S. Mid-Cap ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends (net of foreign withholding tax of $7,254) | $14,870,319 | |||||
Securities on loan | + | 372,840 | ||||
Total investment income | 15,243,159 | |||||
Expenses | ||||||
Investment adviser fees | 667,772 | |||||
Total expenses | − | 667,772 | ||||
Net investment income | 14,575,387 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized gains on investments | 651,744 | |||||
Net realized gains on in-kind redemptions | + | 32,656,810 | ||||
Net realized gains | 33,308,554 | |||||
Net change in unrealized appreciation (depreciation) on investments | + | 142,865,701 | ||||
Net realized and unrealized gains | 176,174,255 | |||||
Increase in net assets resulting from operations | $190,749,642 |
54 See financial notes
Table of Contents
Schwab U.S. Mid-Cap ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $14,575,387 | $6,975,894 | ||||||||
Net realized gains | 33,308,554 | 20,516,426 | ||||||||
Net change in unrealized appreciation (depreciation) | + | 142,865,701 | 59,061,955 | |||||||
Increase in net assets resulting from operations | 190,749,642 | 86,554,275 | ||||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($14,140,400 | ) | ($6,489,136 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 13,850,000 | $515,129,958 | 14,550,000 | $441,831,535 | ||||||||||||||
Shares redeemed | + | (3,050,000 | ) | (112,303,454 | ) | (3,750,001 | ) | (116,655,372 | ) | |||||||||
Net transactions in fund shares | 10,800,000 | $402,826,504 | 10,799,999 | $325,176,163 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 18,550,000 | $611,081,176 | 7,750,001 | $205,839,874 | ||||||||||||||
Total increase | + | 10,800,000 | 579,435,746 | 10,799,999 | 405,241,302 | |||||||||||||
End of period | 29,350,000 | $1,190,516,922 | 18,550,000 | $611,081,176 | ||||||||||||||
Net investment income not yet distributed | $1,026,552 | $986,406 |
See financial notes 55
Table of Contents
Schwab U.S. Small-Cap ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 9/1/11– | 9/1/10– | 10/30/091– | ||||||||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | 8/31/11 | 8/31/10 | ||||||||||||||||||
Per-Share Data ($) | ||||||||||||||||||||||
Net asset value at beginning of period | 45.71 | 36.55 | 32.34 | 26.48 | 25.00 | |||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||
Net investment income (loss) | 0.73 | 0.74 | 0.49 | 0.39 | 0.23 | |||||||||||||||||
Net realized and unrealized gains (losses) | 8.84 | 9.18 | 4.16 | 5.86 | 1.45 | 2 | ||||||||||||||||
Total from investment operations | 9.57 | 9.92 | 4.65 | 6.25 | 1.68 | |||||||||||||||||
Less distributions: | ||||||||||||||||||||||
Distributions from net investment income | (0.75 | ) | (0.76 | ) | (0.44 | ) | (0.39 | ) | (0.20 | ) | ||||||||||||
Net asset value at end of period | 54.53 | 45.71 | 36.55 | 32.34 | 26.48 | |||||||||||||||||
Total return (%) | 21.01 | 27.47 | 14.52 | 23.55 | 6.67 | 3 | ||||||||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||||||||||
Ratios to average net assets: | ||||||||||||||||||||||
Total expenses | 0.08 | 0.09 | 4 | 0.13 | 0.13 | 0.14 | 5,6 | |||||||||||||||
Net investment income (loss) | 1.41 | 1.74 | 1.44 | 1.17 | 1.05 | 5 | ||||||||||||||||
Portfolio turnover rate7 | 13 | 22 | 12 | 11 | 8 | 3 | ||||||||||||||||
Net assets, end of period ($ x 1,000) | 2,104,717 | 1,446,857 | 641,516 | 462,523 | 193,310 |
1 Commencement of operations.
2 The per share amount does not accord with the change in aggregate gains and losses in securities during the period because of the timing of sales and repurchases of fund shares in relation to fluctuating market values.
3 Not annualized.
4 Effective September 20, 2012, the annual operating expense ratio was reduced to 0.10%. On March 11, 2013, the rate was further reduced to 0.08%. The ratio presented for the period ended 8/31/13 is a blended ratio.
5 Annualized.
6 Effective June 14, 2010, the annual operating expense ratio was reduced. The ratio presented for period ended 8/31/10 is a blended ratio.
7 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
56 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .9% | Common Stock | 1,697,595,459 | 2,101,639,329 | ||||||||
2 | .9% | Other Investment Companies | 61,610,828 | 61,610,828 | ||||||||
0 | .0% | Rights | 115,419 | 115,419 | ||||||||
0 | .0% | Short-Term Investment | 99,999 | 99,999 | ||||||||
0 | .0% | Warrants | — | — | ||||||||
102 | .8% | Total Investments | 1,759,421,705 | 2,163,465,575 | ||||||||
(2 | .8)% | Other Assets and Liabilities, Net | (58,748,908 | ) | ||||||||
100 | .0% | Net Assets | 2,104,716,667 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 99.9% of net assets | ||||||||||||
Automobiles & Components 1.5% | ||||||||||||
The Goodyear Tire & Rubber Co. | 227,026 | 0.3 | 5,895,865 | |||||||||
Visteon Corp. * | 39,817 | 0.2 | 4,029,082 | |||||||||
Other Securities | 1.0 | 21,524,470 | ||||||||||
1.5 | 31,449,417 | |||||||||||
Banks 7.5% | ||||||||||||
East West Bancorp, Inc. | 117,927 | 0.2 | 4,108,577 | |||||||||
Signature Bank * | 40,940 | 0.2 | 4,849,752 | |||||||||
SVB Financial Group * | 40,881 | 0.2 | 4,550,873 | |||||||||
Other Securities | 6.9 | 143,969,716 | ||||||||||
7.5 | 157,478,918 | |||||||||||
Capital Goods 10.5% | ||||||||||||
Acuity Brands, Inc. | 35,489 | 0.2 | 4,396,377 | |||||||||
Huntington Ingalls Industries, Inc. | 40,293 | 0.2 | 4,114,318 | |||||||||
Spirit AeroSystems Holdings, Inc., Class A * | 105,245 | 0.2 | 4,036,146 | |||||||||
The Middleby Corp. * | 47,102 | 0.2 | 4,061,605 | |||||||||
Trinity Industries, Inc. | 127,393 | 0.3 | 6,163,273 | |||||||||
Other Securities | 9.4 | 197,592,481 | ||||||||||
10.5 | 220,364,200 | |||||||||||
Commercial & Professional Services 3.0% | ||||||||||||
Pitney Bowes, Inc. | 166,657 | 0.2 | 4,509,738 | |||||||||
Other Securities | 2.8 | 57,783,566 | ||||||||||
3.0 | 62,293,304 | |||||||||||
Consumer Durables & Apparel 2.5% | ||||||||||||
Harman International Industries, Inc. | 56,004 | 0.3 | 6,444,940 | |||||||||
Other Securities | 2.2 | 45,061,414 | ||||||||||
2.5 | 51,506,354 | |||||||||||
Consumer Services 3.5% | ||||||||||||
Other Securities | 3.5 | 74,489,309 | ||||||||||
Diversified Financials 2.6% | ||||||||||||
E*TRADE Financial Corp. * | 237,180 | 0.3 | 5,279,627 | |||||||||
Other Securities | 2.3 | 48,932,407 | ||||||||||
2.6 | 54,212,034 | |||||||||||
Energy 6.2% | ||||||||||||
Energen Corp. | 59,855 | 0.2 | 4,817,130 | |||||||||
Gulfport Energy Corp. * | 69,716 | 0.2 | 4,078,386 | |||||||||
Newfield Exploration Co. * | 112,134 | 0.2 | 5,025,846 | |||||||||
Patterson-UTI Energy, Inc. | 118,834 | 0.2 | 4,104,526 | |||||||||
WPX Energy, Inc. * | 166,784 | 0.2 | 4,439,790 | |||||||||
Other Securities | 5.2 | 107,375,535 | ||||||||||
6.2 | 129,841,213 | |||||||||||
Food & Staples Retailing 0.8% | ||||||||||||
Rite Aid Corp. * | 731,695 | 0.2 | 4,551,143 | |||||||||
Other Securities | 0.6 | 12,840,809 | ||||||||||
0.8 | 17,391,952 | |||||||||||
Food, Beverage & Tobacco 1.8% | ||||||||||||
The Hain Celestial Group, Inc. * | 41,449 | 0.2 | 4,076,924 | |||||||||
The WhiteWave Foods Co. * | 141,384 | 0.2 | 4,951,268 | |||||||||
Other Securities | 1.4 | 28,082,586 | ||||||||||
1.8 | 37,110,778 | |||||||||||
Health Care Equipment & Services 5.4% | ||||||||||||
athenahealth, Inc. * | 31,309 | 0.2 | 4,522,272 | |||||||||
Brookdale Senior Living, Inc. * | 139,735 | 0.2 | 4,883,738 | |||||||||
Other Securities | 5.0 | 104,391,191 | ||||||||||
5.4 | 113,797,201 | |||||||||||
Household & Personal Products 0.4% | ||||||||||||
Other Securities | 0.4 | 7,455,568 | ||||||||||
Insurance 3.2% | ||||||||||||
Protective Life Corp. | 64,670 | 0.2 | 4,488,098 | |||||||||
Other Securities | 3.0 | 62,797,183 | ||||||||||
3.2 | 67,285,281 |
See financial notes 57
Table of Contents
Schwab U.S. Small-Cap ETF
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Materials 5.7% | ||||||||||||
Eagle Materials, Inc. | 41,787 | 0.2 | 4,258,513 | |||||||||
Steel Dynamics, Inc. | 196,860 | 0.2 | 4,575,026 | |||||||||
United States Steel Corp. | 119,013 | 0.2 | 4,599,852 | |||||||||
Other Securities | 5.1 | 107,195,117 | ||||||||||
5.7 | 120,628,508 | |||||||||||
Media 1.6% | ||||||||||||
Other Securities | 1.6 | 32,852,229 | ||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 6.6% | ||||||||||||
Alkermes plc * | 120,136 | 0.3 | 5,373,683 | |||||||||
Cubist Pharmaceuticals, Inc. * | 61,429 | 0.2 | 4,240,444 | |||||||||
InterMune, Inc. * | 86,551 | 0.3 | 6,357,171 | |||||||||
Isis Pharmaceuticals, Inc. * | 98,511 | 0.2 | 4,015,308 | |||||||||
Jazz Pharmaceuticals plc * | 44,330 | 0.3 | 7,222,244 | |||||||||
Mallinckrodt plc * | 90,092 | 0.3 | 7,341,604 | |||||||||
Puma Biotechnology, Inc. * | 16,544 | 0.2 | 4,309,877 | |||||||||
Salix Pharmaceuticals Ltd. * | 52,377 | 0.4 | 8,333,704 | |||||||||
United Therapeutics Corp. * | 36,297 | 0.2 | 4,276,876 | |||||||||
Other Securities | 4.2 | 87,329,097 | ||||||||||
6.6 | 138,800,008 | |||||||||||
Real Estate 10.3% | ||||||||||||
American Realty Capital Properties, Inc. | 741,721 | 0.5 | 9,761,048 | |||||||||
Mid-America Apartment Communities, Inc. | 61,611 | 0.2 | 4,455,708 | |||||||||
Starwood Property Trust, Inc. | 181,311 | 0.2 | 4,324,267 | |||||||||
The Howard Hughes Corp. * | 25,716 | 0.2 | 4,072,643 | |||||||||
Other Securities | 9.2 | 195,155,483 | ||||||||||
10.3 | 217,769,149 | |||||||||||
Retailing 4.0% | ||||||||||||
Other Securities | 4.0 | 83,651,820 | ||||||||||
Semiconductors & Semiconductor Equipment 3.5% | ||||||||||||
First Solar, Inc. * | 58,460 | 0.2 | 4,073,493 | |||||||||
SunEdison, Inc. * | 202,997 | 0.2 | 4,472,024 | |||||||||
Other Securities | 3.1 | 65,761,451 | ||||||||||
3.5 | 74,306,968 | |||||||||||
Software & Services 7.6% | ||||||||||||
Broadridge Financial Solutions, Inc. | 99,242 | 0.2 | 4,221,755 | |||||||||
Splunk, Inc. * | 74,642 | 0.2 | 4,026,936 | |||||||||
Yelp, Inc. * | 48,128 | 0.2 | 3,966,710 | |||||||||
Other Securities | 7.0 | 148,416,647 | ||||||||||
7.6 | 160,632,048 | |||||||||||
Technology Hardware & Equipment 5.0% | ||||||||||||
Other Securities | 5.0 | 105,698,578 | ||||||||||
Telecommunication Services 0.5% | ||||||||||||
Other Securities | 0.5 | 11,236,033 | ||||||||||
Transportation 3.5% | ||||||||||||
Alaska Air Group, Inc. | 113,036 | 0.2 | 5,238,088 | |||||||||
American Airlines Group, Inc. | 592,339 | 1.1 | 23,047,910 | |||||||||
Avis Budget Group, Inc. * | 86,684 | 0.3 | 5,852,037 | |||||||||
Spirit Airlines, Inc. * | 59,824 | 0.2 | 4,211,011 | |||||||||
Other Securities | 1.7 | 35,635,717 | ||||||||||
3.5 | 73,984,763 | |||||||||||
Utilities 2.7% | ||||||||||||
Atmos Energy Corp. | 82,392 | 0.2 | 4,165,740 | |||||||||
Other Securities | 2.5 | 53,237,956 | ||||||||||
2.7 | 57,403,696 | |||||||||||
Total Common Stock | ||||||||||||
(Cost $1,697,595,459) | 2,101,639,329 | |||||||||||
Other Investment Companies 2.9% of net assets | ||||||||||||
Money Market Fund 0.1% | ||||||||||||
Other Securities | 0.1 | 1,475,661 | ||||||||||
Securities Lending Collateral 2.8% | ||||||||||||
Other Securities | 2.8 | 60,135,167 | ||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $61,610,828) | 61,610,828 | |||||||||||
Rights 0.0% of net assets | ||||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||||||
Other Securities | 0.0 | — | ||||||||||
Telecommunication Services 0.0% | ||||||||||||
Other Securities | 0.0 | 115,419 | ||||||||||
Total Rights | ||||||||||||
(Cost $115,419) | 115,419 | |||||||||||
Warrants 0.0% of net assets | ||||||||||||
Energy 0.0% | ||||||||||||
Other Securities | 0.0 | — | ||||||||||
Total Warrants | ||||||||||||
(Cost $—) | — | |||||||||||
Security | Face Amount | % of Net | Value | |||||||||
Rate, Maturity Date | ($) | Assets | ($) | |||||||||
Short-Term Investment 0.0% of net assets | ||||||||||||
U.S. Treasury Obligation 0.0% | ||||||||||||
Other Securities | 0.0 | 99,999 | ||||||||||
Total Short-Term Investment | ||||||||||||
(Cost $99,999) | 99,999 | |||||||||||
End of Investments. |
58 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
At 08/31/14, the tax basis cost of the fund’s investments was $1,761,255,152 and the unrealized appreciation and depreciation were $458,520,773 and ($56,310,350), respectively, with a net unrealized appreciation of $402,210,423.
For the following notes, please refer to the complete schedule of portfolio holdings.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $59,854,274. | |
(b) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(c) | Illiquid security. At the period end, the value of these amounted to $115,419 or 0.0% of net assets. | |
(d) | The rate shown is the 7-day yield. | |
(e) | The rate shown is the purchase yield. | |
(f) | All or a portion of this security is held as collateral for open futures contracts. |
CVR — | Contingent Value Rights | |
ETF — | Exchange Traded Fund | |
REIT — | Real Estate Investment Trust |
In addition to the above, the fund held the following at 8/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Appreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
Russell 2000 Index, e-mini, Long, expires 09/19/14 | 5 | 586,700 | 21,390 |
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $2,101,639,329 | $— | $— | $2,101,639,329 | ||||||||||||
Other Investment Companies1 | 61,610,828 | — | — | 61,610,828 | ||||||||||||
Rights1 | — | — | 115,419 | 115,419 | ||||||||||||
Warrants1 | — | — | — | — | ||||||||||||
Short-Term Investment | — | 99,999 | — | 99,999 | ||||||||||||
Total | $2,163,250,157 | $99,999 | $115,419 | $2,163,465,575 | ||||||||||||
Other Financial Instruments | ||||||||||||||||
Futures Contracts2 | $21,390 | $— | $— | $21,390 |
1 | As categorized in the complete schedule of portfolio holdings. | |
2 | Futures contracts are not included in Investments in the schedule of portfolio holdings and are valued at unrealized appreciation or depreciation. |
The following is a reconciliation of Level 3 investments for which significant unobservable inputs were used to determine fair value:
Balance | Change in | Balance | ||||||||||||||||||||||||||||||
as of | Realized | Unrealized | Gross | Gross | as of | |||||||||||||||||||||||||||
August 31, | Gains | Gains | Gross | Gross | Transfers | Transfers | August 31, | |||||||||||||||||||||||||
Investments in Securities | 2013 | (Losses) | (Losses) | Purchases | Sales | in | out | 2014 | ||||||||||||||||||||||||
Rights | $— | $— | $— | $115,419 | $— | $— | $— | $115,419 | ||||||||||||||||||||||||
Total | $— | $— | $— | $115,419 | $— | $— | $— | $115,419 | ||||||||||||||||||||||||
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the period ended August 31, 2014.
See financial notes 59
Table of Contents
Schwab U.S. Small-Cap ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments, at value (cost $1,699,286,538) including securities on loan of $59,854,274 | $2,103,330,408 | |||||
Collateral invested for securities on loan, at value (cost $60,135,167) | + | 60,135,167 | ||||
Total investments, at value (cost $1,759,421,705) | 2,163,465,575 | |||||
Receivables: | ||||||
Investments sold | 21,311 | |||||
Dividends | 1,766,049 | |||||
Income from securities on loan | 198,288 | |||||
Variation margin on futures contracts | + | 3,550 | ||||
Total assets | 2,165,454,773 | |||||
Liabilities | ||||||
Collateral held for securities on loan | 60,135,167 | |||||
Payables: | ||||||
Investments bought | 575,400 | |||||
Investment adviser fees | + | 27,539 | ||||
Total liabilities | 60,738,106 | |||||
Net Assets | ||||||
Total assets | 2,165,454,773 | |||||
Total liabilities | − | 60,738,106 | ||||
Net assets | $2,104,716,667 | |||||
Net Assets by Source | ||||||
Capital received from investors | 1,717,223,257 | |||||
Net investment income not yet distributed | 428,607 | |||||
Net realized capital losses | (17,000,457 | ) | ||||
Net unrealized capital appreciation | 404,065,260 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$2,104,716,667 | 38,600,000 | $54.53 |
60 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends (net of foreign withholding tax of $2,943) | $26,005,183 | |||||
Interest | 1 | |||||
Securities on loan | + | 2,203,991 | ||||
Total investment income | 28,209,175 | |||||
Expenses | ||||||
Investment adviser fees | 1,516,864 | |||||
Total expenses | − | 1,516,864 | ||||
Net investment income | 26,692,311 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized losses on investments | (696,183 | ) | ||||
Net realized gains on in-kind redemptions | 77,126,790 | |||||
Net realized gains on futures contracts | + | 9,402 | ||||
Net realized gains | 76,440,009 | |||||
Net change in unrealized appreciation (depreciation) on investments | 218,350,756 | |||||
Net change in unrealized appreciation (depreciation) on futures contracts | + | 21,390 | ||||
Net change in unrealized appreciation (depreciation) | + | 218,372,146 | ||||
Net realized and unrealized gains | 294,812,155 | |||||
Increase in net assets resulting from operations | $321,504,466 |
See financial notes 61
Table of Contents
Schwab U.S. Small-Cap ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $26,692,311 | $17,041,896 | ||||||||
Net realized gains | 76,440,009 | 39,537,428 | ||||||||
Net change in unrealized appreciation (depreciation) | + | 218,372,146 | 163,291,817 | |||||||
Increase in net assets resulting from operations | 321,504,466 | 219,871,141 | ||||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($27,201,420 | ) | ($16,364,820 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 10,900,000 | $564,215,091 | 19,050,000 | $801,652,843 | ||||||||||||||
Shares redeemed | + | (3,950,000 | ) | (200,658,054 | ) | (4,950,000 | ) | (199,818,780 | ) | |||||||||
Net transactions in fund shares | 6,950,000 | $363,557,037 | 14,100,000 | $601,834,063 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 31,650,000 | $1,446,856,584 | 17,550,000 | $641,516,200 | ||||||||||||||
Total increase | + | 6,950,000 | 657,860,083 | 14,100,000 | 805,340,384 | |||||||||||||
End of period | 38,600,000 | $2,104,716,667 | 31,650,000 | $1,446,856,584 | ||||||||||||||
Net investment income not yet distributed | $428,607 | $1,480,574 |
62 See financial notes
Table of Contents
Schwab U.S. Dividend Equity ETF™
Financial Statements
Financial Highlights
9/1/13– | 9/1/12– | 10/19/111– | ||||||||||||
8/31/14 | 8/31/13 | 8/31/12 | ||||||||||||
Per-Share Data ($) | ||||||||||||||
Net asset value at beginning of period | 33.00 | 28.58 | 25.00 | |||||||||||
Income (loss) from investment operations: | ||||||||||||||
Net investment income (loss) | 1.04 | 0.91 | 0.62 | |||||||||||
Net realized and unrealized gains (losses) | 5.86 | 4.40 | 3.43 | |||||||||||
Total from investment operations | 6.90 | 5.31 | 4.05 | |||||||||||
Less distributions: | ||||||||||||||
Distributions from net investment income | (1.00 | ) | (0.89 | ) | (0.47 | ) | ||||||||
Net asset value at end of period | 38.90 | 33.00 | 28.58 | |||||||||||
Total return (%) | 21.15 | 18.93 | 16.31 | 2 | ||||||||||
Ratios/Supplemental Data (%) | ||||||||||||||
Ratios to average net assets: | ||||||||||||||
Total expenses | 0.07 | 0.07 | 0.17 | 3 | ||||||||||
Net investment income (loss) | 3.01 | 3.09 | 3.19 | 3 | ||||||||||
Portfolio turnover rate4 | 26 | 13 | 17 | 2 | ||||||||||
Net assets, end of period ($ x 1,000) | 2,075,331 | 1,141,690 | 504,464 |
1 Commencement of operations.
2 Not annualized.
3 Annualized.
4 Portfolio turnover rate excludes securities received or delivered from processing of in-kind creations or redemptions.
See financial notes 63
Table of Contents
Schwab U.S. Dividend Equity ETF
Portfolio Holdings as of August 31, 2014
This section shows the fund’s 50 largest portfolio holdings in unaffiliated issuers, any holdings exceeding 1% of the fund’s net assets as of the report date, and any affiliated issuers. The remaining securities held by the fund are grouped as “Other Securities” in each category. You can request a complete schedule of portfolio holdings as of the report date, free of charge, by calling Schwab ETFsTM at 1-800-435-4000. This complete schedule, filed on the fund’s Form N-CSR, is also available on the SEC’s website at http://www.sec.gov.
In addition, the fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .7% | Common Stock | 1,779,216,306 | 2,069,141,410 | ||||||||
0 | .1% | Other Investment Companies | 1,052,105 | 1,078,492 | ||||||||
99 | .8% | Total Investments | 1,780,268,411 | 2,070,219,902 | ||||||||
0 | .2% | Other Assets and Liabilities, Net | 5,111,170 | |||||||||
100 | .0% | Net Assets | 2,075,331,072 |
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Common Stock 99.7% of net assets | ||||||||||||
Banks 0.1% | ||||||||||||
Other Securities | 0.1 | 1,976,804 | ||||||||||
Capital Goods 12.7% | ||||||||||||
3M Co. | 306,360 | 2.1 | 44,115,840 | |||||||||
Eaton Corp. plc | 234,544 | 0.8 | 16,373,517 | |||||||||
Emerson Electric Co. | 345,710 | 1.1 | 22,132,354 | |||||||||
General Dynamics Corp. | 160,589 | 1.0 | 19,792,594 | |||||||||
Illinois Tool Works, Inc. | 187,197 | 0.8 | 16,512,647 | |||||||||
Lockheed Martin Corp. | 131,311 | 1.1 | 22,848,114 | |||||||||
Northrop Grumman Corp. | 105,780 | 0.6 | 13,457,332 | |||||||||
Raytheon Co. | 154,410 | 0.7 | 14,875,859 | |||||||||
The Boeing Co. | 330,314 | 2.0 | 41,883,815 | |||||||||
United Technologies Corp. | 416,214 | 2.2 | 44,942,788 | |||||||||
Other Securities | 0.3 | 6,066,343 | ||||||||||
12.7 | 263,001,203 | |||||||||||
Commercial & Professional Services 0.1% | ||||||||||||
Other Securities | 0.1 | 1,738,728 | ||||||||||
Consumer Durables & Apparel 0.8% | ||||||||||||
Other Securities | 0.8 | 16,230,287 | ||||||||||
Consumer Services 2.7% | ||||||||||||
McDonald’s Corp. | 487,968 | 2.2 | 45,732,361 | |||||||||
Other Securities | 0.5 | 10,800,333 | ||||||||||
2.7 | 56,532,694 | |||||||||||
Diversified Financials 0.7% | ||||||||||||
T. Rowe Price Group, Inc. | 128,705 | 0.5 | 10,424,461 | |||||||||
Other Securities | 0.2 | 3,768,217 | ||||||||||
0.7 | 14,192,678 | |||||||||||
Energy 12.7% | ||||||||||||
Chevron Corp. | 729,725 | 4.6 | 94,462,901 | |||||||||
ConocoPhillips | 605,466 | 2.4 | 49,175,949 | |||||||||
Exxon Mobil Corp. | 895,146 | 4.3 | 89,031,221 | |||||||||
The Williams Cos., Inc. | 338,094 | 1.0 | 20,096,307 | |||||||||
Other Securities | 0.4 | 11,150,840 | ||||||||||
12.7 | 263,917,218 | |||||||||||
Food & Staples Retailing 3.4% | ||||||||||||
Sysco Corp. | 287,428 | 0.5 | 10,873,401 | |||||||||
Wal-Mart Stores, Inc. | 794,852 | 2.9 | 60,011,326 | |||||||||
3.4 | 70,884,727 | |||||||||||
Food, Beverage & Tobacco 11.4% | ||||||||||||
Altria Group, Inc. | 978,865 | 2.0 | 42,169,504 | |||||||||
ConAgra Foods, Inc. | 206,564 | 0.3 | 6,651,361 | |||||||||
General Mills, Inc. | 303,336 | 0.8 | 16,192,076 | |||||||||
Kellogg Co. | 126,258 | 0.4 | 8,202,982 | |||||||||
PepsiCo, Inc. | 747,394 | 3.3 | 69,126,471 | |||||||||
Reynolds American, Inc. | 152,975 | 0.4 | 8,944,448 | |||||||||
The Coca-Cola Co. | 1,863,369 | 3.7 | 77,739,755 | |||||||||
Other Securities | 0.5 | 6,988,829 | ||||||||||
11.4 | 236,015,426 | |||||||||||
Health Care Equipment & Services 1.3% | ||||||||||||
Baxter International, Inc. | 267,533 | 1.0 | 20,059,624 | |||||||||
Other Securities | 0.3 | 6,330,659 | ||||||||||
1.3 | 26,390,283 | |||||||||||
Household & Personal Products 7.1% | ||||||||||||
Colgate-Palmolive Co. | 429,621 | 1.3 | 27,809,368 | |||||||||
Kimberly-Clark Corp. | 185,829 | 1.0 | 20,069,532 | |||||||||
The Procter & Gamble Co. | 1,141,112 | 4.6 | 94,837,818 | |||||||||
Other Securities | 0.2 | 5,643,820 | ||||||||||
7.1 | 148,360,538 | |||||||||||
Insurance 1.0% | ||||||||||||
Aflac, Inc. | 223,941 | 0.7 | 13,714,147 | |||||||||
Other Securities | 0.3 | 7,319,015 | ||||||||||
1.0 | 21,033,162 | |||||||||||
Materials 4.3% | ||||||||||||
Air Products & Chemicals, Inc. | 104,804 | 0.7 | 13,960,941 | |||||||||
E.I. du Pont de Nemours & Co. | 452,028 | 1.4 | 29,883,571 | |||||||||
International Paper Co. | 214,061 | 0.5 | 10,371,255 | |||||||||
The Dow Chemical Co. | 594,424 | 1.5 | 31,831,405 | |||||||||
Other Securities | 0.2 | 4,143,803 | ||||||||||
4.3 | 90,190,975 | |||||||||||
Media 0.7% | ||||||||||||
Omnicom Group, Inc. | 127,112 | 0.4 | 9,153,335 |
64 See financial notes
Table of Contents
Schwab U.S. Dividend Equity ETF
Portfolio Holdings continued
Number | % of Net | Value | ||||||||||
Security | of Shares | Assets | ($) | |||||||||
Other Securities | 0.3 | 4,613,778 | ||||||||||
0.7 | 13,767,113 | |||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 10.3% | ||||||||||||
Eli Lilly & Co. | 484,651 | 1.5 | 30,804,418 | |||||||||
Johnson & Johnson | 884,011 | 4.4 | 91,698,461 | |||||||||
Pfizer, Inc. | 3,103,411 | 4.4 | 91,209,249 | |||||||||
10.3 | 213,712,128 | |||||||||||
Retailing 4.5% | ||||||||||||
Target Corp. | 312,660 | 0.9 | 18,781,486 | |||||||||
The Home Depot, Inc. | 674,758 | 3.0 | 63,089,873 | |||||||||
Other Securities | 0.6 | 11,530,189 | ||||||||||
4.5 | 93,401,548 | |||||||||||
Semiconductors & Semiconductor Equipment 6.7% | ||||||||||||
Analog Devices, Inc. | 155,437 | 0.4 | 7,945,940 | |||||||||
Intel Corp. | 2,453,936 | 4.1 | 85,691,445 | |||||||||
Texas Instruments, Inc. | 531,631 | 1.2 | 25,613,982 | |||||||||
Other Securities | 1.0 | 19,946,089 | ||||||||||
6.7 | 139,197,456 | |||||||||||
Software & Services 6.4% | ||||||||||||
Automatic Data Processing, Inc. | 237,591 | 1.0 | 19,834,097 | |||||||||
Microsoft Corp. | 2,235,438 | 4.9 | 101,555,948 | |||||||||
Other Securities | 0.5 | 11,105,239 | ||||||||||
6.4 | 132,495,284 | |||||||||||
Technology Hardware & Equipment 0.2% | ||||||||||||
Other Securities | 0.2 | 3,743,406 | ||||||||||
Telecommunication Services 8.7% | ||||||||||||
AT&T, Inc. | 2,558,468 | 4.3 | 89,444,041 | |||||||||
Verizon Communications, Inc. | 1,850,447 | 4.4 | 92,189,270 | |||||||||
8.7 | 181,633,311 | |||||||||||
Transportation 3.4% | ||||||||||||
CSX Corp. | 495,235 | 0.7 | 15,307,714 | |||||||||
Norfolk Southern Corp. | 153,073 | 0.8 | 16,378,811 | |||||||||
United Parcel Service, Inc., Class B | 347,646 | 1.6 | 33,836,385 | |||||||||
Other Securities | 0.3 | 4,973,765 | ||||||||||
3.4 | 70,496,675 | |||||||||||
Utilities 0.5% | ||||||||||||
Other Securities | 0.5 | 10,229,766 | ||||||||||
Total Common Stock | ||||||||||||
(Cost $1,779,216,306) | 2,069,141,410 | |||||||||||
Other Investment Companies 0.1% of net assets | ||||||||||||
Equity Fund 0.0% | ||||||||||||
Other Securities | 0.0 | 390,600 | ||||||||||
Money Market Fund 0.1% | ||||||||||||
Other Securities | 0.1 | 687,892 | ||||||||||
Total Other Investment Companies | ||||||||||||
(Cost $1,052,105) | 1,078,492 | |||||||||||
End of Investments. |
At 08/31/14, the tax basis cost of the fund’s investments was $1,780,166,224 and the unrealized appreciation and depreciation were $300,887,352 and ($10,833,674), respectively, with a net unrealized appreciation of $290,053,678.
For the following notes, please refer to the complete schedule of portfolio holdings.
(a) | The rate shown is the 7-day yield. |
ETF — | Exchange Traded Fund |
The following is a summary of the inputs used to value the fund’s investments as of August 31, 2014 (see financial note 2(a) for additional information):
Quoted Prices in | Significant | |||||||||||||||
Active Markets for | Other Significant | Unobservable | ||||||||||||||
Identical Assets | Observable Inputs | Inputs | ||||||||||||||
Description | (Level 1) | (Level 2) | (Level 3) | Total | ||||||||||||
Common Stock1 | $2,069,141,410 | $— | $— | $2,069,141,410 | ||||||||||||
Other Investment Companies1 | 1,078,492 | — | — | 1,078,492 | ||||||||||||
Total | $2,070,219,902 | $— | $— | $2,070,219,902 | ||||||||||||
1 | As categorized in the complete schedule of portfolio holdings. |
The fund’s policy is to recognize transfers between Level 1, Level 2 and Level 3 as of the beginning of the fiscal year. There were no transfers between Level 1, Level 2 and Level 3 for the year ended August 31, 2014.
See financial notes 65
Table of Contents
Schwab U.S. Dividend Equity ETF
Statement of
Assets and Liabilities
As of August 31, 2014
Assets | ||||||
Investments, at value (cost $1,780,268,411) | $2,070,219,902 | |||||
Receivables: | ||||||
Investments sold | 1,559,900 | |||||
Dividends | 7,855,255 | |||||
Fund shares sold | + | 5,818,176 | ||||
Total assets | 2,085,453,233 | |||||
Liabilities | ||||||
Payables: | ||||||
Investments bought | 10,098,448 | |||||
Investment adviser fees | + | 23,713 | ||||
Total liabilities | 10,122,161 | |||||
Net Assets | ||||||
Total assets | 2,085,453,233 | |||||
Total liabilities | − | 10,122,161 | ||||
Net assets | $2,075,331,072 | |||||
Net Assets by Source | ||||||
Capital received from investors | 1,784,157,487 | |||||
Net investment income not yet distributed | 11,194,378 | |||||
Net realized capital losses | (9,972,284 | ) | ||||
Net unrealized capital appreciation | 289,951,491 | |||||
Net Asset Value (NAV) |
Shares | ||||||||||||
Net Assets | ÷ | Outstanding | = | NAV | ||||||||
$2,075,331,072 | 53,350,001 | $38.90 |
66 See financial notes
Table of Contents
Schwab U.S. Dividend Equity ETF
Statement of
Operations
For the period September 1, 2013 through August 31, 2014
Investment Income | ||||||
Dividends | $49,565,224 | |||||
Interest | + | 1 | ||||
Total investment income | 49,565,225 | |||||
Expenses | ||||||
Investment adviser fees | 1,125,634 | |||||
Total expenses | − | 1,125,634 | ||||
Net investment income | 48,439,591 | |||||
Realized and Unrealized Gains (Losses) | ||||||
Net realized losses on investments | (6,965,556 | ) | ||||
Net realized gains on in-kind redemptions | 58,899,162 | |||||
Net realized gains on futures contracts | + | 2,441 | ||||
Net realized gains | 51,936,047 | |||||
Net change in unrealized appreciation (depreciation) on investments | + | 188,477,636 | ||||
Net realized and unrealized gains | 240,413,683 | |||||
Increase in net assets resulting from operations | $288,853,274 |
See financial notes 67
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Schwab U.S. Dividend Equity ETF
Statements of
Changes in Net Assets
For the current and prior report periods
Operations | ||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||
Net investment income | $48,439,591 | $24,058,072 | ||||||||
Net realized gains | 51,936,047 | 16,571,413 | ||||||||
Net change in unrealized appreciation (depreciation) | + | 188,477,636 | 79,098,606 | |||||||
Increase in net assets resulting from operations | 288,853,274 | 119,728,091 | ||||||||
Distributions to Shareholders | ||||||||||
Distributions from net investment income | ($42,886,221 | ) | ($20,742,506 | ) |
Transactions in Fund Shares
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | VALUE | SHARES | VALUE | |||||||||||||||
Shares sold | 27,100,000 | $991,701,989 | 22,050,000 | $691,326,939 | ||||||||||||||
Shares redeemed | + | (8,350,000 | ) | (304,028,292 | ) | (5,100,000 | ) | (153,085,998 | ) | |||||||||
Net transactions in fund shares | 18,750,000 | $687,673,697 | 16,950,000 | $538,240,941 | ||||||||||||||
Shares Outstanding and Net Assets | ||||||||||||||||||
9/1/13-8/31/14 | 9/1/12-8/31/13 | |||||||||||||||||
SHARES | NET ASSETS | SHARES | NET ASSETS | |||||||||||||||
Beginning of period | 34,600,001 | $1,141,690,322 | 17,650,001 | $504,463,796 | ||||||||||||||
Total increase | + | 18,750,000 | 933,640,750 | 16,950,000 | 637,226,526 | |||||||||||||
End of period | 53,350,001 | $2,075,331,072 | 34,600,001 | $1,141,690,322 | ||||||||||||||
Net investment income not yet distributed | $11,194,378 | $6,027,574 |
68 See financial notes
Table of Contents
Schwab U.S. Equity ETFs
Financial Notes
1. Business Structure of the Funds
Each of the funds in this report is a series of Schwab Strategic Trust (the “trust”), a no-load, open-end management investment company. The trust is organized as a Delaware statutory trust and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The list below shows all the operational funds in the trust as of the end of the period, including the funds discussed in this report, which are highlighted:
Schwab Strategic Trust (organized January 27, 2009) | Schwab Emerging Markets Equity ETF | |||
Schwab U.S. Broad Market ETF | Schwab U.S. TIPS ETF | |||
Schwab U.S. Large-Cap ETF | Schwab Short-Term U.S. Treasury ETF | |||
Schwab U.S. Large-Cap Growth ETF | Schwab Intermediate-Term U.S. Treasury ETF | |||
Schwab U.S. Large-Cap Value ETF | Schwab U.S. Aggregate Bond ETF | |||
Schwab U.S. Mid-Cap ETF | Schwab Fundamental U.S. Broad Market Index ETF | |||
Schwab U.S. Small-Cap ETF | Schwab Fundamental U.S. Large Company Index ETF | |||
Schwab U.S. Dividend Equity ETF | Schwab Fundamental U.S. Small Company Index ETF | |||
Schwab U.S. REIT ETF | Schwab Fundamental International Large Company Index ETF | |||
Schwab International Equity ETF | Schwab Fundamental International Small Company Index ETF | |||
Schwab International Small-Cap Equity ETF | Schwab Fundamental Emerging Markets Large Company Index ETF | |||
The funds issue and redeem shares at their net assets value per share (“NAV”) only in large blocks of shares, typically 50,000 shares or more (“Creation Units”). These transactions are usually in exchange for a basket of securities and an amount of cash. As a practical matter, only institutions or large investors purchase or redeem Creation Units. Except when aggregated in Creation Units, shares of the fund are not redeemable securities.
Individual shares of the funds trade on national securities exchanges and elsewhere during the trading day and can only be bought and sold at market prices throughout the trading day through a broker-dealer. Because fund shares trade at market prices rather than NAV, shares may trade at a price greater than NAV (premium) or less than NAV (discount).
Each fund maintains its own account for purposes of holding assets and accounting, and is considered a separate entity for tax purposes. Within its account, each fund may also keep certain assets in segregated accounts, as required by securities law.
2. Significant Accounting Policies:
The following is a summary of the significant accounting policies the funds use in their preparation of financial statements. The funds follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standard Codification Topic 946 Financial Services - Investment Companies. The accounting policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”).
For more information about the underlying funds’ operations and policies, please refer to those funds’ semiannual and annual reports, which are filed with the U.S. Securities and Exchange Commission (“SEC”).
(a) Security Valuation:
Under procedures approved by the funds’ Board of Trustees (the “Board”), the investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair market value. Among other things, these procedures allow the funds to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.
The funds value the securities in their portfolios every business day. The funds use the following policies to value various types of securities:
• | 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 halfway between 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. |
69
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Financial Notes (continued)
2. Significant Accounting Policies (continued):
• | Securities for which no quoted value is available: The Board has adopted procedures to fair value each fund’s securities when market prices are not “readily available” or are unreliable. For example, a fund may fair value a security 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. Each fund makes fair value determinations in good faith in accordance with the fund’s valuation procedures. The Pricing Committee considers a number of factors, including unobservable market inputs when arriving at fair value. The Pricing Committee may employ techniques 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. The Pricing Committee regularly reviews these inputs and assumptions to calibrate the valuations. Due to the subjective and variable nature of fair value pricing, there can be no assurance that a fund could obtain the fair value assigned to the security upon the sale of such security. The Board convenes on a regular basis to review fair value determinations made by the funds pursuant to the valuation procedures. | |
• | Futures contracts (“futures”): Futures are valued at their settlement prices as of the close of their exchanges. | |
• | Short-term securities (60 days or less to maturity): Short-term securities may be valued at amortized cost, which approximates market value. | |
• | Underlying funds: Mutual funds are valued at their respective NAVs. Exchange traded funds (“ETFs”) traded on a recognized securities exchange are valued at the last reported sale price that day or the official closing price, if applicable. |
In accordance with the authoritative guidance on fair value measurements and disclosures under GAAP, the funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques 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 the funds determine 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 management judgment will be required to estimate fair value.
The three levels of the fair value hierarchy are as follows:
• | Level 1 — quoted prices in active markets for identical securities — 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, ETFs and futures contracts. Investments in mutual funds are valued daily at their NAVs, and investments in ETFs are valued daily at the last reported sale price or the official closing price, which are classified as Level 1 prices. | |
• | 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. As investments whose values are classified as Level 2 prices include positions that are not traded in active markets and/or are subject to transfer restrictions, valuations may be adjusted to reflect illiquidity and/or non-transferability, which are generally based on available market information. | |
• | Level 3 — significant unobservable inputs (including the funds’ own 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 available for these securities, the funds use one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the funds 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 by the funds in the absence of market information. Assumptions used by the funds |
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Schwab U.S. Equity ETFs
Financial Notes (continued)
2. Significant Accounting Policies (continued):
due to the lack of observable inputs may significantly impact the resulting fair value and therefore the funds’ results of operations. |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the funds’ investments as of August 31, 2014 are disclosed in the Portfolio Holdings.
(b) Accounting Policies for certain Portfolio Investments (if held):
Futures Contracts: Futures contracts are instruments that represent an agreement between two parties that obligates one party to buy, and the other party to sell, specific instruments at an agreed upon price on a stipulated future date. A fund must give the broker a deposit of cash and/or securities (initial margin) whenever it enters into a futures contract. The amount of the deposit may vary from one contract to another. Subsequent payments (variation margin) are made or received by a fund depending on the daily fluctuations in the value of the futures contract and are accounted for as unrealized appreciation or depreciation until the contract is closed, at which time the gains or losses are realized. Futures are traded publicly on exchanges, and their market value may change daily.
Securities Lending: Under the trust’s Securities Lending Program, a fund (lender) may make short-term loans of its securities to another party (borrower) to generate additional revenue for the fund. The borrower pledges collateral in the form of cash, securities issued or fully guaranteed by the U.S. government or foreign governments, or letters of credit issued by a bank. Collateral at the individual loan level is required to be maintained on a daily marked-to-market basis in an amount at least equal to the current value of the securities loaned. The lending agent provides a fund with indemnification against borrower default (the borrower fails to return the security on loan) reducing the risk of loss as a result of default. The cash collateral of securities loaned is currently invested in money market portfolios operating under Rule 2a-7 of the 1940 Act. Each fund bears the risk of loss with respect to the investment of cash collateral. The terms of the securities lending agreement allow the funds to terminate any loans at any given time. Securities lending income, as disclosed in a fund’s Statement of Operations, if applicable, represents the income earned from the investment of the cash collateral plus any fees paid by borrowers, less the fees paid to the lending agent and broker rebates which are subject to adjustments pursuant to the securities lending agreement. On loans not collateralized by cash, a fee is received from the borrower, and is allocated between a fund and the lending agent. A fund retains the right to recall a security on loan. The aggregate market value of securities loaned will not at any time exceed one-third of the total assets of a fund, including collateral received from the loan (at market value computed at the time of the loan). Total costs and expenses, including agent fees, associated with securities lending activities under the trust’s Securities Lending Program paid to the unaffiliated lending agent are approximately 15% of the gross lending revenues.
The values of the securities on loan and the related cash collateral are disclosed in the funds’ Portfolio Holdings and the Statement of Assets and Liabilities. The following table presents the non-cash collateral as of August 31, 2014.
Non-Cash | ||||
Collateral Received | ||||
Schwab U.S. Broad Market ETF | $971,651 | |||
Schwab U.S. Large-Cap ETF | 410,034 | |||
Schwab U.S. Large-Cap Growth ETF | 311,639 | |||
Schwab U.S. Large-Cap Value ETF | 123,942 | |||
Schwab U.S. Mid-Cap ETF | 3,066,899 | |||
Schwab U.S. Small-Cap ETF | 1,087,133 |
(c) Security Transactions:
Security transactions are recorded as of the date the order to buy or sell the security is executed. Realized gains and losses from security transactions are based on the identified costs of the securities involved.
When a fund closes out a futures position, it calculates the difference between the value of the position at the beginning and at the end of the contract, and records a realized gain or loss accordingly.
71
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Schwab U.S. Equity ETFs
Financial Notes (continued)
2. Significant Accounting Policies (continued):
(d) Investment Income:
Interest income is recorded as it accrues. Dividends and distributions from portfolio securities and underlying funds are recorded on the date they are effective (the ex-dividend date), although the funds record certain foreign security dividends on the day they learn of the ex-dividend date. Any distributions from underlying funds are recorded in accordance with the character of the distributions as designated by the underlying funds.
(e) Expenses:
Pursuant to the Investment Advisory Agreement (“Advisory Agreement”) between Charles Schwab Investment Management, Inc. (“CSIM” or the “investment adviser”) and the trust, the investment adviser will pay the operating expenses of each fund, excluding interest expense, taxes, any brokerage expenses, and extraordinary or non-routine expenses. Interest expense, taxes, any brokerage expenses and extraordinary or non-routine expenses that are specific to a fund are charged directly to the fund.
(f) Distributions to Shareholders:
The funds make distributions from net investment income, if any, quarterly and from net realized capital gains, if any, once a year.
(g) Accounting Estimates:
The accounting policies described in this report conform to GAAP. Notwithstanding this, shareholders should understand that in order to follow these principles, fund management has to make estimates and assumptions that affect the information reported in the financial statements. It’s possible that once the results are known, they may turn out to be different from these estimates and these differences may be material.
(h) Federal Income Taxes:
The funds intend to meet federal income and excise tax requirements for regulated investment companies. Accordingly, the funds distribute substantially all of their net investment income and realized net capital gains, if any, to their respective shareholders each year. As long as a fund meets the tax requirements, it is not required to pay federal income tax.
(i) Indemnification:
Under the funds’ organizational documents, the officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the funds. In addition, in the normal course of business the funds enter into contracts with their vendors and others that provide general indemnifications. The funds’ maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the funds. However, based on experience, the funds expect the risk of loss attributable to these arrangements to be remote.
3. Risk Factors:
Investing in the funds may involve certain risks, as discussed in the funds’ prospectus, including, but not limited to, those described below. Any of these risks could cause an investor to lose money.
Market Risk. Stock markets rise and fall daily. As with any investment whose performance is tied to these markets, the value of the investment in a fund will fluctuate, which means that the investors could lose money.
Investment Style Risk. The funds are not actively managed. Therefore, a fund follows the securities included in an index during upturns as well as downturns. Because of their indexing strategies, the funds do not take steps to reduce market exposure or to lessen the effects of a declining market. In addition, because of a fund’s expenses, the fund’s performance is normally below that of the index.
Certain funds primarily invest in dividend paying stocks. As a result, fund performance will correlate directly with the performance of the dividend paying stock segment of the stock market, and a fund may underperform funds that do not limit their investments to dividend paying stocks. If stocks held by a fund reduce or stop paying dividends, a fund’s ability to generate income may be affected.
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Schwab U.S. Equity ETFs
Financial Notes (continued)
3. Risk Factors (continued):
Equity Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual companies, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.
Large-Cap Risk. Certain funds invest in large-cap stocks. Large-cap stocks tend to go in and out of favor based on market and economic conditions. During a period when large-cap U.S. stocks fall behind other types of investments — mid- or small-cap stocks, for instance — a fund’s large-cap holdings could reduce performance.
Mid-Cap Risk. Certain funds invest in mid-cap stocks. Historically, mid-cap stocks have been riskier than large-cap stocks. Mid-cap companies themselves may be more vulnerable to adverse business or economic events than larger, more established companies. Stock prices of mid-sized companies may be based in substantial part on future expectations rather than current achievements and may move sharply, especially during market upturns and downturns. During a period when mid-cap stocks fall behind other types of investments — bonds or large-cap stocks, for instance — a fund’s mid-cap holdings could reduce performance.
Small-Cap Risk. Certain funds invest in small-cap stocks. Historically, small-cap stocks have been riskier than large- and mid-cap stocks, and their prices may move sharply, especially during market upturns and downturns. Small-cap companies may be more vulnerable to adverse business or economic events than larger, more established companies. During a period when small-cap stocks fall behind other types of investments — large-cap and mid-cap stocks, for instance — a fund’s small-cap holdings could reduce performance.
Growth Investing Risk. Certain funds invest in growth stocks. Growth stocks can be volatile. Growth companies usually invest a high portion of earnings in their businesses and may lack the dividends of value stocks that can cushion stock prices in a falling market. The prices of growth stocks are based largely on projections of the issuer’s future earnings and revenues. If a company’s earnings or revenues fall short of expectations, its stock price may fall dramatically. Growth stocks may also be more expensive relative to their earnings or assets compared to value or other stocks.
Value Investing Risk. Certain funds emphasize a “value” style of investing, which targets undervalued companies with characteristics for improved valuations. This style of investing is subject to the risk that the valuations never improve or that the returns on “value” securities may not move in tandem with the returns on other styles of investing or the stock market in general.
Sampling Index Tracking Risk. Certain funds may not fully replicate the index and may hold securities not included in the index. As a result, a fund is subject to the risk that the Adviser’s investment management strategy, the implementation of which is subject to a number of constraints, may not produce the intended results. Because certain funds utilize a sampling approach they may not track the return of their respective index as well as they would if the funds purchased all of the securities in their respective benchmark index.
Tracking Error Risk. As an index fund, each fund seeks to track the performance of its benchmark index, although it may not be successful in doing so. The divergence between the performance of a fund and its benchmark index, positive or negative, is called “tracking error.” Tracking error can be caused by many factors and it may be significant.
Derivatives Risk. Each fund may invest in derivative instruments. The principal types of derivatives a fund may use are futures contracts. A futures contract is an agreement to buy or sell a financial instrument at a specific price on a specific day. A fund’s use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Certain of these risks, such as market risk and liquidity risk, are discussed elsewhere in this section. A fund’s use of derivatives is also subject to leverage risk, credit risk, lack of availability risk, valuation risk, correlation risk and tax risk. Leverage risk is the risk that use of derivatives may magnify the effect of any decrease or increase in the value of the fund’s portfolio securities. Credit risk is the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations. Lack of availability risk is the risk that suitable derivative transactions may not be available in all circumstances for risk management or other purposes. Valuation risk is the risk that a particular derivative may be valued incorrectly. Correlation risk is the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Tax risk is the risk that the use of derivatives may cause a fund to realize higher amounts of short-term capital gain. These risks could cause a fund to lose more than the principal amount invested.
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Financial Notes (continued)
3. Risk Factors (continued):
Liquidity Risk. A particular investment may be difficult to purchase or sell. A fund may be unable to sell a security at an advantageous time or price.
Securities Lending Risk. Securities lending involves the risk of loss of rights in the collateral or delay in recovery of the collateral if the borrower fails to return the security loaned or becomes insolvent.
Concentration Risk. To the extent that a fund’s or an index’s portfolio is concentrated in the securities of issuers in a particular market, industry, group of industries, sector or asset class, the fund may be adversely affected by the performance of those securities, may be subject to increased price volatility and may be more susceptible to adverse economic, market, political or regulatory occurrences affecting that market, industry, group of industries, sector or asset class.
Market Trading Risk. Although fund shares are listed on national securities exchanges, there can be no assurance that an active trading market for fund shares will develop or be maintained. If an active market is not maintained, investors may find it difficult to buy or sell fund shares.
Shares of the Fund May Trade at Prices Other Than NAV. Fund shares may be bought and sold in the secondary market at market prices. Although it is expected that the market price of the shares of a fund will approximate the fund’s NAV, there may be times when the market price and the NAV vary significantly. Investors may pay more than NAV when they buy shares of a fund in the secondary market, and may receive less than NAV when they sell those shares in the secondary market (See Frequency Distribution of Discounts and Premiums in Other Information for an overview showing the frequency at which the daily closing price was at a discount or a premium to a fund’s daily NAV).
Lack of Government Insurance or Guarantee. An investment in a fund is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency.
Please refer to the funds’ prospectus for a more complete description of the principal risks of investing in the funds.
4. Affiliates and Affiliated Transactions:
CSIM, a wholly owned subsidiary of The Charles Schwab Corporation, serves as each fund’s investment adviser pursuant to an Advisory Agreement between CSIM and the trust.
For its advisory services to the funds, CSIM is entitled to receive an annual fee, payable monthly, based on a percentage of each fund’s average daily net assets as follows:
Schwab U.S. | Schwab U.S. | Schwab U.S. | Schwab U.S. | |||||||||||||||||||||||
Broad | Schwab U.S. | Large-Cap | Large-Cap | Schwab U.S. | Schwab U.S. | Dividend | ||||||||||||||||||||
Market | Large-Cap | Growth | Value | Mid-Cap | Small-Cap | Equity | ||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||
0.04% | 0.04% | 0.07% | 0.07% | 0.07% | 0.08% | 0.07% |
The funds may engage in certain transactions involving affiliates. For instance, a fund may own shares of The Charles Schwab Corporation if that company is included in its index. Below is the summary of investment activities involving The Charles Schwab Corporation shares owned by the funds during the report period:
Balance | Balance | Realized | Dividends | |||||||||||||||||||||||||
of Shares | of Shares | Market | Gains (Losses) | Received | ||||||||||||||||||||||||
Held at | Gross | Gross | Held at | Value at | 9/1/13 to | 9/1/13 to | ||||||||||||||||||||||
Fund | 8/31/13 | Purchases | Sales | 8/31/14 | 8/31/14 | 8/31/14 | 8/31/14 | |||||||||||||||||||||
Schwab U.S. Broad Market ETF | 131,904 | 71,489 | (10,874 | ) | 192,519 | $5,488,717 | $75,620 | $41,304 | ||||||||||||||||||||
Schwab U.S. Large-Cap ETF | 120,748 | 74,814 | (3,944 | ) | 191,618 | 5,463,029 | 43,440 | 38,915 | ||||||||||||||||||||
Schwab U.S. Large-Cap Growth ETF | 111,623 | 67,221 | (2,956 | ) | 175,888 | 5,014,567 | 39,548 | 36,785 |
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Financial Notes (continued)
4. Affiliates and Affiliated Transactions (continued):
Certain Schwab funds may own shares of other Schwab funds. The table below reflects the percentages of shares of each fund in this report that are owned by other Schwab funds as of August 31, 2014, as applicable:
Underlying Funds | ||||||||
Schwab U.S. | Schwab U.S. | |||||||
Large-Cap | Small-Cap | |||||||
ETF | ETF | |||||||
Schwab VIT Balanced Portfolio | 0.2% | 0.1% | ||||||
Schwab VIT Balanced with Growth Portfolio | 0.7% | 0.3% | ||||||
Schwab VIT Growth Portfolio | 1.0% | 0.3% |
Pursuant to an exemptive order issued by the SEC, the funds may enter into interfund borrowing and lending transactions with other Schwab Funds including Schwab ETFs. All loans are for temporary or emergency purposes only. The interest rate to be charged on a loan is the average of the overnight repurchase agreement rate and the short-term bank loan rate. The interfund lending facility is subject to the oversight and periodic review of the Board. The funds had no interfund borrowing or lending activity during the period.
5. Other Service Providers:
SEI Investments Distribution Co. is the principal underwriter and distributor of shares of the funds.
State Street Bank and Trust Company (“State Street”) serves as the funds’ transfer agent. As part of these services, the transfer agent maintains records pertaining to the sale, redemption and transfer of the funds’ shares.
State Street also serves as custodian and accountant for the funds. The custodian is responsible for the daily safekeeping of securities and cash held by the funds. The funds’ accountant maintains all books and records related to the funds’ transactions.
6. Board of Trustees:
The Board may include people who are officers and/or directors of CSIM or its affiliate. Federal securities law limits the percentage of such “interested persons” who may serve on a trust’s board, and the trust was in compliance with these limitations throughout the report period. The trust did not pay any of these interested persons for their services as trustees. For information regarding the trustees please refer to the Trustees and Officers table at the end of this report.
7. Borrowing from Banks:
The funds have access to custodian overdraft facilities and to an uncommitted line of credit of $100 million with State Street. The funds pay interest on the amounts they borrow at rates that are negotiated periodically.
There were no borrowings from the line of credit by the funds during the period. However, the funds may have utilized their overdraft facility and incurred interest expense, which is disclosed on the funds’ Statements of Operations, if any. The interest expense is determined based on a negotiated rate above the current Federal Funds Rate.
8. Derivatives:
Certain funds entered into equity index futures contracts during the report period. The fund invested in futures to equitize available cash. The fair value and variation margin for futures contracts held at August 31, 2014 are presented on the Portfolio Holdings and Statement of Assets and Liabilities, respectively. The net realized/unrealized gains (losses) on futures contracts are presented on the Statement of Operations. Refer to financial note 2(b) for the fund’s accounting policies with respect to futures contracts and financial note 3 for disclosures concerning the risks of investing in futures contracts. During the period, the
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Schwab U.S. Equity ETFs
Financial Notes (continued)
month-end average contract values of futures contracts held by the funds and the month-end average number of contracts held were as follows:
Contract Values | Number of Contracts | |||||||
Schwab U.S. Broad Market ETF | $291,871 | 3 | ||||||
Schwab U.S. Large-Cap ETF | 166,783 | 2 | ||||||
Schwab U.S. Small-Cap ETF | 48,892 | 1 | ||||||
Schwab U.S. Dividend Equity ETF | 7,769 | 1 |
9. Purchases and Sales/Maturities of Investment Securities:
For the period ended August 31, 2014, purchases and sales/maturities of securities (excluding in-kind transactions and short-term obligations) were as follows:
Purchases of Securities | Sales/Maturities of Securities | |||||||
Schwab U.S. Broad Market ETF | $147,800,041 | $128,332,126 | ||||||
Schwab U.S. Large-Cap ETF | 129,226,532 | 113,042,793 | ||||||
Schwab U.S. Large-Cap Growth ETF | 83,760,914 | 79,300,678 | ||||||
Schwab U.S. Large-Cap Value ETF | 82,890,518 | 78,255,135 | ||||||
Schwab U.S. Mid-Cap ETF | 101,279,674 | 85,894,305 | ||||||
Schwab U.S. Small-Cap ETF | 269,931,591 | 242,649,799 | ||||||
Schwab U.S. Dividend Equity ETF | 415,502,016 | 420,415,900 |
10. In-Kind Transactions:
The consideration for the purchase of Creation Units of a fund generally consists of the in-kind deposit of a designated portfolio of equity securities, which constitutes an optimized representation of the securities involved in a relevant fund’s underlying index, and an amount of cash. Investors purchasing and redeeming Creation Units are subject to a standard creation transaction fee and a standard redemption transaction fee paid to the custodian to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units. Purchasers and redeemers of Creation Units for cash are subject to an additional variable charge paid to the fund that will offset the transaction costs to the fund of buying or selling portfolio securities. In addition, purchasers and redeemers of shares in Creation Units are responsible for payment of the costs of transferring securities to or out of the fund. From time to time, CSIM may cover the cost of any transaction fees when believed to be in the best interests of a fund.
The in-kind transactions for the period ended August 31, 2014 were as follows:
In-Kind Purchases of Securities | In-Kind Sales of Securities | |||||||
Schwab U.S. Broad Market ETF | $987,683,338 | $102,541,859 | ||||||
Schwab U.S. Large-Cap ETF | 974,890,237 | 58,089,050 | ||||||
Schwab U.S. Large-Cap Growth ETF | 416,892,635 | 22,483,969 | ||||||
Schwab U.S. Large-Cap Value ETF | 355,446,819 | 48,751,111 | ||||||
Schwab U.S. Mid-Cap ETF | 499,729,048 | 104,957,874 | ||||||
Schwab U.S. Small-Cap ETF | 556,767,700 | 197,705,991 | ||||||
Schwab U.S. Dividend Equity ETF | 986,878,805 | 290,012,694 |
For the period ended August 31, 2014, the funds realized net capital gains or losses resulting from in-kind redemptions of Creation Units. Because such gains or losses are not taxable to the funds and are not distributed to existing fund shareholders, the gains or losses are reclassified from accumulated net realized gains or losses to capital received from investors at the end of the funds’ tax year. These reclassifications have no effect on net assets or net asset values per share. The net realized in-kind gains or losses for the period ended August 31, 2014 are disclosed in the funds’ Statements of Operations.
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Financial Notes (continued)
11. Federal Income Taxes
As of August 31, 2014, the components of distributable earnings on a tax-basis were as follows:
Schwab U.S. | Schwab U.S. | Schwab U.S. | Schwab U.S. | |||||||||||||||||||||||||
Broad | Schwab U.S. | Large-Cap | Large-Cap | Schwab U.S. | Schwab U.S. | Dividend | ||||||||||||||||||||||
Market | Large-Cap | Growth | Value | Mid-Cap | Small-Cap | Equity | ||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||||
Undistributed ordinary income | $9,699,078 | $9,252,242 | $2,968,776 | $4,194,771 | $1,026,552 | $819,384 | $11,194,378 | |||||||||||||||||||||
Undistributed long-term capital gains | — | — | — | — | — | — | — | |||||||||||||||||||||
Unrealized appreciation | 871,220,916 | 725,352,043 | 394,453,955 | 220,956,500 | 217,040,653 | 458,520,773 | 300,887,352 | |||||||||||||||||||||
Unrealized depreciation | (15,992,582 | ) | (10,527,818 | ) | (5,455,730 | ) | (2,213,554 | ) | (13,609,112 | ) | (56,310,350 | ) | (10,833,674 | ) | ||||||||||||||
Other unrealized appreciation (depreciation) | — | — | — | — | — | — | 1 | |||||||||||||||||||||
Net unrealized appreciation (depreciation) | 855,228,334 | 714,824,225 | 388,998,225 | 218,742,946 | 203,431,541 | 402,210,423 | 290,053,679 | |||||||||||||||||||||
The primary difference between book-basis and tax-basis unrealized appreciation or unrealized depreciation of investments is the tax deferral of losses on wash sales and Real Estate Investment Trusts (REITs).
Capital loss carryforwards may be used to offset future realized capital gains for federal income tax purposes. As of August 31, 2014, the funds had capital loss carryforwards available to offset future net capital gains before the expiration dates as follows:
Schwab U.S. | Schwab U.S. | Schwab U.S. | Schwab U.S. | |||||||||||||||||||||||||
Broad | Schwab U.S. | Large-Cap | Large-Cap | Schwab U.S. | Schwab U.S. | Dividend | ||||||||||||||||||||||
Market | Large-Cap | Growth | Value | Mid-Cap | Small-Cap | Equity | ||||||||||||||||||||||
Expiration Date | ETF | ETF | ETF | ETF | ETF | ETF | ETF | |||||||||||||||||||||
August 31, 2019 | $— | $721,062 | $691,441 | $295,384 | $218,695 | $927,631 | $— | |||||||||||||||||||||
No expiration* | 4,860,368 | 4,392,658 | 7,594,027 | 2,451,027 | 7,195,556 | 14,608,766 | 3,568,931 | |||||||||||||||||||||
Total | $4,860,368 | $5,113,720 | $8,285,468 | $2,746,411 | $7,414,251 | $15,536,397 | $3,568,931 | |||||||||||||||||||||
* | As a result of the passage of the Regulated Investment Company Modernization Act of 2010, capital losses incurred after December 31, 2010 may now be carried forward indefinitely, but must retain the character of the original loss. However, such losses must be utilized prior to the pre-enactment capital losses, which may increase the likelihood that the pre-enactment capital losses may expire unused. Under pre-enactment law, capital losses could be carried forward for eight years, and carried forward as short-term capital loss, irrespective of the character of the original loss. |
For tax purposes, realized net capital losses and late-year ordinary losses incurred after October 31 may be deferred and treated as occurring on the first day of the following fiscal year. For the year ended August 31, 2014, the funds had capital losses deferred and capital loss carryforwards utilized as follows:
Schwab U.S. | Schwab U.S. | Schwab U.S. | Schwab U.S. | |||||||||||||||||||||||||
Broad | Schwab U.S. | Large-Cap | Large-Cap | Schwab U.S. | Schwab U.S. | Dividend | ||||||||||||||||||||||
Market | Large-Cap | Growth | Value | Mid-Cap | Small-Cap | Equity | ||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||||
Deferred capital losses | $49,227 | $— | $— | $— | $— | $— | $6,505,541 | |||||||||||||||||||||
Capital loss carryforwards utilized | — | 1,136,819 | — | — | — | — | — |
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Financial Notes (continued)
11. Federal Income Taxes (continued):
The tax-basis components of distributions paid during the current and prior fiscal years were:
Schwab U.S. | Schwab U.S. | Schwab U.S. | Schwab U.S. | |||||||||||||||||||||||||
Broad | Schwab U.S. | Large-Cap | Large-Cap | Schwab U.S. | Schwab U.S. | Dividend | ||||||||||||||||||||||
Market | Large-Cap | Growth | Value | Mid-Cap | Small-Cap | Equity | ||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||||
Current period distributions | ||||||||||||||||||||||||||||
Ordinary income | $53,302,780 | $44,577,680 | $13,914,310 | $21,232,840 | $14,140,400 | $27,201,420 | $42,886,221 | |||||||||||||||||||||
Long-term capital gains | — | — | — | — | — | — | — | |||||||||||||||||||||
Prior period distributions | ||||||||||||||||||||||||||||
Ordinary income | 32,174,430 | 25,323,080 | 8,617,825 | 13,282,460 | 6,489,136 | 16,364,820 | 20,742,506 | |||||||||||||||||||||
Long-term capital gains | — | — | — | — | — | — | — |
Distributions paid to shareholders are based on net investment income and net realized gains determined on a tax basis, which may differ from net investment income and net realized gains for financial reporting purposes. These differences are due primarily to differing treatment for items such as short-term capital gains and losses, in-kind transactions, capital losses related to wash sales, and income on certain investments. The fiscal year in which amounts are distributed may differ from the year in which the net investment income and net realized gains are recorded by the fund for financial reporting purposes. The fund may also designate a portion of the amount paid to redeeming shareholders as a distribution for tax purposes.
The permanent book and tax basis differences may result in reclassifications between components of net assets as required. The adjustments have no impact on net assets or the results of operations. As of August 31, 2014, the funds made the following reclassifications:
Schwab U.S. | Schwab U.S. | Schwab U.S. | Schwab U.S. | |||||||||||||||||||||||||
Broad | Schwab U.S. | Large-Cap | Large-Cap | Schwab U.S. | Schwab U.S. | Dividend | ||||||||||||||||||||||
Market | Large-Cap | Growth | Value | Mid-Cap | Small-Cap | Equity | ||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||||
Capital shares | $43,253,224 | $23,926,452 | $10,334,874 | $16,433,579 | $32,735,900 | $77,264,225 | $58,904,022 | |||||||||||||||||||||
Undistributed net investment income | (473,649 | ) | (334,712 | ) | (151,350 | ) | (131,954 | ) | (394,841 | ) | (542,858 | ) | (386,566 | ) | ||||||||||||||
Net realized gains and losses | (42,779,575 | ) | (23,591,740 | ) | (10,183,524 | ) | (16,301,625 | ) | (32,341,059 | ) | (76,721,367 | ) | (58,517,456 | ) |
For the period ended August 31, 2014, the following funds reclassified non-taxable security gains and losses realized on the in-kind redemption of Creation Units (Note 10) as an increase or decrease to capital received from investors in the Statement of Assets and Liabilities as follows:
Schwab U.S. | Schwab U.S. | Schwab U.S. | Schwab U.S. | |||||||||||||||||||||||||
Broad | Schwab U.S. | Large-Cap | Large-Cap | Schwab U.S. | Schwab U.S. | Dividend | ||||||||||||||||||||||
Market | Large-Cap | Growth | Value | Mid-Cap | Small-Cap | Equity | ||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||||
$43,180,599 | $23,901,558 | $10,337,832 | $16,450,241 | $32,656,810 | $77,126,790 | $58,899,162 |
As of August 31, 2014, management has reviewed the tax positions for open periods (for federal purposes, three years from the date of filing and for state purposes, four years from the date of filing) as applicable to the funds, and has determined that no provision for income tax is required in the funds’ financial statements. The funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the period ended August 31, 2014, the funds did not incur any interest or penalties.
12. Subsequent Events:
Management has determined there are no subsequent events or transactions through the date the financial statements were issued that would have materially impacted the financial statements as presented.
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Report of Independent Registered Public Accounting Firm
To the Board of Trustees and Shareholders of:
Schwab U.S. Broad Market ETF
Schwab U.S. Large-Cap ETF
Schwab U.S. Large-Cap Growth ETF
Schwab U.S. Large-Cap Value ETF
Schwab U.S. Mid-Cap ETF
Schwab U.S. Small-Cap ETF
Schwab U.S. Dividend Equity ETF
In our opinion, the accompanying statements of assets and liabilities, including the portfolio holdings, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Schwab U.S. Broad Market ETF, Schwab U.S. Large-Cap ETF, Schwab U.S. Large-Cap Growth ETF, Schwab U.S. Large-Cap Value ETF, Schwab U.S. Mid-Cap ETF, Schwab U.S. Small-Cap ETF and Schwab U.S. Dividend Equity ETF (seven of the funds constituting Schwab Strategic Trust, hereafter referred to as the “Funds”) at August 31, 2014, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period then ended and the financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Funds’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at August 31, 2014 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
San Francisco, California
October 17, 2014
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Other Federal Tax Information (unaudited)
For corporate shareholders, the following percentage of the funds’ dividend distributions paid during the period ended August 31, 2014 qualify for the corporate dividends received deduction:
Schwab U.S. Broad Market ETF | 91.03 | % | |||
Schwab U.S. Large-Cap ETF | 93.73 | % | |||
Schwab U.S. Large-Cap Growth ETF | 93.64 | % | |||
Schwab U.S. Large-Cap Value ETF | 96.79 | % | |||
Schwab U.S. Mid-Cap ETF | 73.17 | % | |||
Schwab U.S. Small-Cap ETF | 61.89 | % | |||
Schwab U.S. Dividend Equity ETF | 100.00 | % |
For the period ended August 31, 2014, the funds designated the following amounts of the dividend distributions as qualified dividends for the purpose of the maximum rate under section 1(h)(ii) of the Internal Revenue Code. Shareholders will be notified in January 2015 via IRS form 1099 of the amount for use in preparing their 2014 income tax return.
Schwab U.S. Broad Market ETF | $50,731,528 | |||
Schwab U.S. Large-Cap ETF | 43,594,980 | |||
Schwab U.S. Large-Cap Growth ETF | 13,832,214 | |||
Schwab U.S. Large-Cap Value ETF | 21,083,310 | |||
Schwab U.S. Mid-Cap ETF | 10,831,397 | |||
Schwab U.S. Small-Cap ETF | 17,387,138 | |||
Schwab U.S. Dividend Equity ETF | 42,886,221 |
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Other Information (unaudited)
Frequency Distribution of Discounts and Premiums
Market Price vs. NAV as of August 31, 2014
The following charts are provided to show the frequency at which the daily closing market price on the NYSE Arca, Inc. (“Exchange”), the secondary market for shares of each fund, was at a discount or premium to such fund’s daily NAV. The “Market Price” of each fund generally is determined using the midpoint between the highest bid and lowest offer on the Exchange, as of the time that the fund’s NAV is calculated. Each fund’s Market Price may at times be at, above or below its NAV. The discount or premium is the percentage difference between the NAV and the Market Price of a fund. A discount is the amount that a fund is trading below the reported NAV, expressed as a percentage of NAV. A premium is the amount that a fund is trading above the reported NAV, expressed as a percentage of NAV. The NAV of each Fund will fluctuate with changes in the market value of its portfolio holdings. The Market Price of each fund will fluctuate in accordance with changes in its NAV, as well as supply and demand. The data presented below represents past performance and can not be used to predict future results.
Number of Days | Number of Days | |||||||||||||||||||||||||||||||
Market Price Above NAV | Market Price Below NAV | |||||||||||||||||||||||||||||||
1-49 | 50-99 | 100-199 | >200 | 1-49 | 50-99 | 100-199 | >200 | |||||||||||||||||||||||||
Basis | Basis | Basis | Basis | Basis | Basis | Basis | Basis | |||||||||||||||||||||||||
Points | Points | Points | Points | Points | Points | Points | Points | |||||||||||||||||||||||||
Schwab U.S. Broad Market ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 11/3/09 through 8/31/14 | 887 | 1 | — | — | 190 | — | — | — | ||||||||||||||||||||||||
Schwab U.S. Large-Cap ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 11/3/09 through 8/31/14 | 846 | — | — | — | 229 | — | — | — | ||||||||||||||||||||||||
Schwab U.S. Large-Cap Growth ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 12/11/09 through 8/31/14 | 787 | — | — | — | 223 | — | — | — | ||||||||||||||||||||||||
Schwab U.S. Large-Cap Value ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 12/11/09 through 8/31/14 | 791 | — | — | — | 170 | — | — | — | ||||||||||||||||||||||||
Schwab U.S. Mid-Cap ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 1/13/11 through 8/31/14 | 679 | — | — | — | 140 | — | — | — | ||||||||||||||||||||||||
Schwab U.S. Small-Cap ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 11/3/09 through 8/31/14 | 770 | 1 | — | — | 342 | — | — | — | ||||||||||||||||||||||||
Schwab U.S. Dividend Equity ETF | ||||||||||||||||||||||||||||||||
Commencement of trading 10/20/11 through 8/31/14 | 415 | — | — | — | 125 | — | — | — |
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Trustees and Officers
The tables below give information about the trustees and officers for the Schwab Strategic Trust which includes the funds covered in this report. The “Fund Complex” includes the Charles Schwab Family of Funds, Schwab Capital Trust, Schwab Investments, Schwab Annuity Portfolios, Schwab Strategic Trust, Laudus Trust and Laudus Institutional Trust. The Fund Complex includes 96 funds.
The address for all trustees and officers is 211 Main Street, San Francisco, CA 94105. You can find more information about the trustees and officers in the Statement of Additional Information, which is available free by calling 1-800-435-4000.
Independent Trustees
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served1) | During the Past Five Years | the Trustee | Other Directorships | |||
Robert W. Burns 1959 Trustee (Trustee of Schwab Strategic Trust since 2009.) | Retired/Private Investor (January 2009 – present); Formerly, Managing Director, Pacific Investment Management Company, LLC (PIMCO) and President, PIMCO Funds. | 21 | Director, PS Business Parks, Inc. (2005 – 2012). | |||
Stephen Timothy Kochis 1946 Trustee (Trustee of Schwab Strategic Trust since 2012.) | CEO and Owner, Kochis Global (wealth management consulting) (May 2012 – present); Chairman and CEO, Aspiriant (wealth management) (January 2008 – April 2012). | 21 | None | |||
Charles A. Ruffel 1956 Trustee (Trustee of Schwab Strategic Trust since 2009.) | Advisor (January 2008 – present) and Chief Executive Officer (January 1998 – January 2008), Asset International, Inc. (publisher of financial services information); Managing Partner and Co-Founder, Kudu Advisors, LLC (financial services) (June 2008 – present). | 21 | None | |||
Interested Trustees
Name, Year of Birth, | Number of | |||||
and Position(s) with | Portfolios in | |||||
the trust; (Terms of | Fund Complex | |||||
office, and length of | Principal Occupations | Overseen by | ||||
Time Served) | During the Past Five Years | the Trustee | Other Directorships | |||
Walter W. Bettinger II2 1960 Trustee (Trustee of Schwab Strategic Trust since 2009.) | As of October 2008, President and Chief Executive Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. Since October 2008, Director, The Charles Schwab Corporation. Since May 2008, Director, Charles Schwab & Co., Inc. and Schwab Holdings, Inc. Since 2006, Director, Charles Schwab Bank. Until October 2008, President and Chief Operating Officer, Charles Schwab & Co., Inc. and The Charles Schwab Corporation. From 2004 through 2007, Executive Vice President and President, Schwab Investor Services. From 2004 through 2005, Executive Vice President and Chief Operating Officer, Individual Investor Enterprise, and from 2002 through 2004, Executive Vice President, Corporate Services. | 96 | None | |||
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Officers of the Trust
Name, Year of Birth, and Position(s) | ||
with the trust; (Terms of office, and | ||
length of Time Served3) | Principal Occupations During the Past Five Years | |
Marie Chandoha 1961 President and Chief Executive Officer (Officer of Schwab Strategic Trust since 2010.) | Executive Vice President, Charles Schwab & Co., Inc. (Sept. 2010 – present); Director, President and Chief Executive Officer (Dec. 2010 – present), Chief Investment Officer (Sept. 2010 – Oct. 2011), Charles Schwab Investment Management, Inc.; President, Chief Executive Officer (Dec. 2010 – present), and Chief Investment Officer (Sept. 2010 – Oct. 2011), Schwab Funds, Laudus Funds and Schwab ETFs; Global Head of Fixed Income Business Division, BlackRock, Inc. (formerly Barclays Global Investors) (March 2007 – August 2010). | |
George Pereira 1964 Treasurer and Principal Financial Officer (Officer of Schwab Strategic Trust since 2009.) | Senior Vice President and Chief Financial Officer (Nov. 2004 – present); Chief Operating Officer (Jan. 2011 – present), Charles Schwab Investment Management, Inc.; Treasurer and Chief Financial Officer, Laudus Funds (June 2006 – present); Treasurer and Principal Financial Officer, Schwab Funds (Nov. 2004 – present) and Schwab ETFs (Oct. 2009 – present); Director, Charles Schwab Worldwide Fund, PLC and Charles Schwab Asset Management (Ireland) Limited (April 2005 – present). | |
Omar Aguilar 1970 Senior Vice President and Chief Investment Officer – Equities (Officer of Schwab Strategic Trust since 2011.) | Senior Vice President and Chief Investment Officer — Equities, Charles Schwab Investment Management, Inc. (April 2011 – present); Senior Vice President and Chief Investment Officer — Equities, Schwab Funds and Laudus Funds (June 2011 – present); Head of the Portfolio Management Group and Vice President of Portfolio Management, Financial Engines, Inc. (May 2009 – April 2011); Head of Quantitative Equity, ING Investment Management (July 2004 – Jan. 2009). | |
Brett Wander 1961 Senior Vice President and Chief Investment Officer – Fixed Income (Officer of Schwab Strategic Trust since 2011.) | Senior Vice President and Chief Investment Officer – Fixed Income, Charles Schwab Investment Management, Inc. (April 2011 – present); Senior Vice President and Chief Investment Officer – Fixed Income, Schwab Funds and Laudus Funds (June 2011 – present); Senior Managing Director, Global Head of Active Fixed Income Strategies, State Street Global Advisors (Jan. 2008 – Oct. 2010); Director of Alpha Strategies, Loomis, Sayles & Company (April 2006 – Jan. 2008). | |
David Lekich 1964 Chief Legal Officer and Secretary (Officer of Schwab Strategic Trust since 2011.) | Senior Vice President, Charles Schwab & Co., Inc. (Sept. 2011 – present); Senior Vice President and Chief Counsel, Charles Schwab Investment Management Inc. (Sept. 2011 – present); Vice President, Charles Schwab & Co., Inc., (March 2004 – Sept. 2011) and Charles Schwab Investment Management, Inc. (Jan 2011 – Sept. 2011); Secretary (April 2011 – present) and Chief Legal Officer (Dec. 2011 – present), Schwab Funds (April 2011 – present); Vice President and Assistant Clerk, Laudus Funds (April 2011 – present); Secretary (May 2011 – present) and Chief Legal Officer (Nov. 2011 – present), Schwab ETFs. | |
Catherine MacGregor 1964 Vice President and Assistant Secretary (Officer of Schwab Strategic Trust since 2009.) | Vice President, Charles Schwab & Co., Inc., Charles Schwab Investment Management, Inc. (July 2005 – present); Vice President (Dec. 2005 – present), Chief Legal Officer and Clerk (March 2007 – present), Laudus Funds; Vice President (Nov. 2005 – present) and Assistant Secretary (June 2007 – present), Schwab Funds; Vice President and Assistant Secretary, Schwab ETFs (Oct. 2009 – present). | |
1 | Each Trustee shall hold office until the election and qualification of his or her successor, or until he or she dies, resigns or is removed. The Schwab ETF’s retirement policy requires that independent trustees retire by December 31 of the year in which the Trustee turns 72 or the Trustee’s twentieth year of service as an independent trustee, whichever comes first. | |
2 | Mr. Bettinger is an Interested Trustee because he owns stock of The Charles Schwab Corporation, the parent company of the investment adviser. | |
3 | The President, Treasurer and Secretary hold office until their respective successors are chosen and qualified or until he or she sooner dies, resigns, is removed or becomes disqualified. Each of the other officers serves at the pleasure of the Board. |
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Glossary
ask See “offer.”
asset allocation The practice of dividing a portfolio among different asset classes, with each asset class assigned a particular percentage to help offset risks and rewards, based on your goals, time horizon and risk tolerance.
asset class A group of securities with similar structure and basic characteristics. Stocks, bonds and cash are the three main examples of asset classes.
authorized participant (AP) A large institutional investor that places orders for creation units with the funds’ distributor.
Barclays U.S. Treasury Bills 1 − 3 Months Index An index that includes all publicly issued zero-coupon U.S. Treasury Bills that have a remaining maturity of less than 3 months and more than 1 month, are rated investment grade, and have $250 million or more of outstanding face value
Barclays U.S. Aggregate Bond Index A broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, mortgage-backed securities (agency fixed-rate and hybrid ARM passthroughs), asset-backed securities, and commercial mortgage-backed securities.
beta A historical measure of an investment’s volatility relative to a market index (usually the S&P 500®). The index is defined as having a beta of 1.00. Investments with a beta higher than 1.00 have been more volatile than the index; those with a beta of less than 1.00 have been less volatile.
bid The highest price at which someone is willing to buy a security.
cap, capitalization See “market cap.”
capital gain, capital loss The difference between the amount paid for an investment and its value at a later time. If the investment has been sold, the capital gain or loss is considered a realized gain or loss. If the investment is still held, the gain or loss is still “on paper” and is considered unrealized.
commencement of operations The date that the first NAV was calculated.
creation unit (C.U.) A basket of securities that is delivered by an authorized participant (AP) to the fund equal to the current holdings of the ETF, plus a designated cash component. In return, the APs receive a large block of ETF shares (typically 50,000 shares), which investors can then buy and sell in the secondary market.
dividend yield A stock’s indicated annual dividend divided by current price. At the portfolio level, it is the value-weighted average of the dividend yield of the securities in the portfolio.
Dow Jones U.S. Broad Stock Market Index An index that is a subset of the Dow Jones U.S. Total Stock Market Index, which measures all U.S. equity securities with readily available prices. The index includes approximately 2,500 stocks and is float-adjusted market cap weighted.
Dow Jones U.S. Dividend 100 Index An index that is designed to measure the performance of high dividend yielding stocks issued by U.S. companies that have a record of consistently paying dividends, selected for fundamental strength relative to their peers, based on financial ratios. The 100-component index is a subset of the Dow Jones U.S. Broad Market Index, excluding REITs, master limited partnerships, preferred stocks and convertibles. All index eligible stocks must have sustained at least 10 consecutive years of dividend payments, have aminimum float-adjusted market capitalization of $500 million and meet minimum liquidity criteria. The index is modified market capitalization weighted.
Dow Jones U.S. Large-Cap Growth Total Stock Market Index An index that includes the large-cap growth portion of the Dow Jones U.S. Total Stock Market Index. The index is float-adjusted market capitalization weighted and includes components ranked 1-750 by full market capitalization and that are classified as “growth” based on a number of factors.
Dow Jones U.S. Large-Cap Total Stock Market Index An index that is a subset of the Dow Jones U.S. Total Stock Market Index, which measures all U.S. equity securities with readily available prices. The index represents the largest 750 stocks and is float-adjusted market cap weighted.
Dow Jones U.S. Large-Cap Value Total Stock Market Index An index that includes the large-cap value portion of the Dow Jones U.S. Total Stock Market Index. The index is float-adjusted market capitalization weighted and includes the components ranked 1-750 by full market capitalization and that are classified as “value” based on a number of factors.
Dow Jones U.S. Mid-Cap Total Stock Market Index is a subset of the Dow Jones U.S. Total Stock Market Index, which measures all U.S. equity securities with readily available prices. The index includes the components ranked 501-1,000 by full market capitalization and is float-adjusted market capweighted.
Dow Jones U.S. Small-Cap Total Stock Market Index is a subset of the Dow Jones U.S. Total Stock Market Index, which measures all U.S. equity securities with readily available prices. The index includes components ranked 751-2,500 by full market capitalization and is float-adjusted market capweighted.
Dow Jones U.S. Total Stock Market Index An index that measures all U.S. equity securities with readily available prices.
exchange A marketplace, or any organization or group that provides or maintains a marketplace for trading securities, options, futures, or commodities.
expense ratio The amount that is taken from the fund’s assets each year to cover the operating expenses. An expense ratio of 0.50% means that a fund’s expenses amount to half of one percent of its average net assets a year.
gross domestic product (GDP) The output of goods and services produced by labor and property located in the United States.
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inception date The date that the shares began trading in the secondary market.
indicative optimized portfolio value (IOPV) A calculation disseminated by the stock exchange that approximates the fund’s NAV every 15 seconds throughout the trading day.
liquidity The ability to convert a security or asset quickly into cash.
market cap, market capitalization The value of a company as determined by the total value of all shares of its stock outstanding. Free-float market capitalization is a variation of market capitalization that only includes shares generally available to the public, and excludes shares of a company held by entities such as the government. Modified market capitalization weighting represents a mix between conventional market capitalization weighting and equal weighting.
market price return The return based on the change in market price per share of the fund over a given time period. Market price returns assume that dividends and capital gain distributions have been reinvested in the fund at market price.
median market cap The midpoint of the range of market caps of the stocks held by a fund. There are different ways of calculating median market cap. With a simple median, half of the stocks in the fund’s portfolio would be larger than the median, and half would be smaller. With a weighted median (the type that is calculated for these funds), half of the fund’s assets are invested in stocks that are larger than the median market cap, and half in stocks that are smaller.
MSCI EAFE (Europe, Australasia, Far East) Index A free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. The Net version of the index reflects reinvested dividends net of withholding taxes, but reflects no deductions for expenses or other taxes; returns are calculated applying dividend withholding rates applicable to non-resident persons who do not benefit from double taxation treaties.
net asset value (NAV) The value of one share of a fund. NAV is calculated by taking the fund’s total assets, subtracting liabilities, and dividing by the number of shares outstanding.
NAV return The return based on the change in NAV of the fund over a given time period. NAV returns assume that dividends and capital gain distributions have been reinvested in the fund.
offer (ask) The lowest price at which an individual is willing to sell a security.
open The price at which a security opened for trading on a given day.
outstanding shares, shares outstanding When speaking of the fund, indicates all shares currently held by investors.
price-to-book ratio (P/B) The market price of a company’s stock compared with its “book value.” A mutual fund’s P/B is the weighted average of the P/B of all stocks in the fund’s portfolio.
price-to-earnings ratio (P/E) The market price of a company’s stock compared with earnings over the past year. A mutual fund’s P/E is the weighted average of the P/E of all stocks in the fund’s portfolio.
primary market The market that deals with the issuance of new securities.
Russell 2000 Index An index that measures the performance of the small-cap segment of the U.S. equity universe. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership.
S&P 500 Index A market capitalization index that is designed to measure the performance of 500 leading publicly held companies in leading industries of the U.S. economy.
SEC yield A standard yield calculation developed by the Securities and Exchange Commission (SEC) that allows for fairer comparisons of bond funds. It is based on the most recent 30-day period covered by the fund’s filings with the SEC. The yield figure reflects the dividends and interest earned during the period, after the deduction of the fund’s expenses. This is also referred to as the “standardized yield.”
sampling If a fund uses a sampling method, the fund will not fully replicate the benchmark index and may hold securities not included in the index. A fund that utilizes a sampling approach may not track the return of the index.
secondary market The market in which investors purchase securities from other investors rather than directly from the issuing companies. Organized exchanges facilitate the trading of securities in the secondary market.
spread The gap between bid and ask prices of a security.
stock A share of ownership, or equity, in the issuing company.
total return The percentage that an investor would have earned or lost on an investment in the fund assuming dividends and distributions were reinvested.
tracking error The difference between the performance of the fund and its benchmark index, positive or negative.
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PRIVACY NOTICE
THIS IS NOT PART OF THE SHAREHOLDER REPORT
THIS IS NOT PART OF THE SHAREHOLDER REPORT
A Commitment to Your Privacy
Your Privacy Is Not for Sale
We do not and will not sell your personal information to anyone, for any reason.
We are committed to protecting the privacy of information we maintain about you. Below are details about our commitment, including the types of information we collect and how we use and share that information. This Privacy Notice applies to you only if you are an individual who invests directly in the funds by placing orders through the funds’ transfer agent. If you place orders through your brokerage account at Charles Schwab & Co., Inc. or an account with another broker-dealer, investment advisor, 401(k) plan, employee benefit plan, administrator, bank or other financial intermediary, you are covered by the privacy policies of that financial institution and should consult those policies.
How We Collect Information About You
We collect personal information about you in a number of ways.
• | APPLICATION AND REGISTRATION INFORMATION. |
We collect personal information from you when you open an account or utilize one of our services. We may also collect information about you from third parties such as consumer reporting agencies to verify your identity. The information we collect may include personal information, including your Social Security number, as well as details about your interests, investments and investment experience.
• | TRANSACTION AND EXPERIENCE INFORMATION. |
Once your account has been opened, we collect and maintain personal information about your account activity, including your transactions, balances, positions and history. This information allows us to administer your account and provide the services you have requested.
• | WEBSITE USAGE. |
When you visit our websites, we may use devices known as “cookies,” graphic interchange format files (GIFs), or other similar web tools to enhance your web experience. These tools help us to recognize you, maintain your web session, and provide a more personalized experience. To learn more, please go to www.schwab.com/privacy.
How We Share and Use Your Information
We provide access to information about you to our affiliated companies, outside companies and other third parties in certain limited circumstances, including:
• | to help us process transactions for your account; |
• | when we use other companies to provide services for us, such as printing and mailing your account statements; |
• | when we believe that disclosure is required or permitted under law (for example, to cooperate with regulators or law enforcement, resolve consumer disputes, perform credit/authentication checks, or for risk control). |
State Laws
We will comply with state laws that apply to the disclosure or use of information about you.
Safeguarding Your Information — Security Is a Partnership
We take precautions to ensure the information we collect about you is protected and is accessed only by authorized individuals or organizations.
Companies we use to provide support services are not allowed to use information about our shareholders for their own purposes and are contractually obligated to maintain strict confidentiality. We limit their use of information to the performance of the specific services we have requested.
We restrict access to personal information by our employees and agents. Our employees are trained about privacy and are required to safeguard personal information.
We maintain physical, electronic and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
Contact Us
To provide us with updated information, report suspected fraud or identity theft, or for any other questions, please call the number below.
Schwab ETFtm direct investors: 1-800-435-4000
© 2014 Schwab ETFs. All rights reserved.
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Notes
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Schwab ETFstm are designed to be low-cost, diversified investments. The funds follow broad market indices and provide exposure to specific segments of the market, making each an investment option for the core portions of an investor portfolio. The list to the right shows all currently available Schwab ETFs.
Investors should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses before investing. Please call 1-800-435-4000 for a prospectus and brochure for any Schwab ETF. Please read the prospectus carefully before you invest. This report must be preceded or accompanied by a current prospectus.
Proxy Voting Policies, Procedures and Results
A description of the proxy voting policies and procedures used to determine how to vote proxies on behalf of the funds is available without charge, upon request, by visiting the Schwab ETFs’ website at www.schwabetfs.com, the SEC’s website at http://www.sec.gov, or by contacting Schwab ETFs at 1-800-435-4000.
Information regarding how a fund voted proxies relating to portfolio securities during the most recent twelve-month period ended June 30 is available, without charge, by visiting the fund’s website at www.schwabetfs.com or the SEC’s website at http://www.sec.gov.
Schwab ETFstm
U.S. ETFs
Schwab U.S. Broad Market ETFtm
Schwab U.S. Large-Cap ETFtm
Schwab U.S. Large-Cap Growth ETFtm
Schwab U.S. Large-Cap Value ETFtm
Schwab U.S. Mid-Cap ETFtm
Schwab U.S. Small-Cap ETFtm
Schwab U.S. Dividend Equity ETFtm
Schwab U.S. REIT ETFtm
International ETFs
Schwab International Equity ETFtm
Schwab International Small-Cap Equity ETFtm
Schwab Emerging Markets Equity ETFtm
Fixed Income ETFs
Schwab U.S. Aggregate Bond ETFtm
Schwab Short-Term U.S. Treasury ETFtm
Schwab Intermediate-Term U.S. Treasury ETFtm
Schwab U.S. TIPS ETFtm
Fundamental Index* ETFs
Schwab Fundamental U.S. Broad Market Index ETF
Schwab Fundamental U.S. Large Company Index ETF
Schwab Fundamental U.S. Small Company Index ETF
Schwab Fundamental International Large Company Index ETF
Schwab Fundamental International Small Company Index ETF
Schwab Fundamental Emerging Markets Large Company Index ETF
* | FUNDAMENTAL INDEX is a registered trademark of Research Affiliates LLC. |
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Investment Adviser
Charles Schwab Investment Management, Inc.
211 Main Street, San Francisco, CA 94105
Schwab ETFstm
1-800-435-4000
This report is not authorized for distribution to prospective investors
unless preceded or accompanied by a current prospectus.
© 2014 Charles Schwab Investment Management, Inc. All rights reserved.
Printed on recycled paper.
MFR57932-04
00125304
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Item 2: Code of Ethics.
(a) | Registrant has adopted a code of ethics that applies to its principal executive officer, principal financial officer, and any other persons who perform a similar function, regardless of whether these individuals are employed by Registrant or a third party. |
(c) | During the period covered by the report, no amendments were made to the provisions of this code of ethics. |
(d) | During the period covered by the report, Registrant did not grant any waivers, including implicit waivers, from the provisions of this code of ethics. |
(f)(1) | Registrant has filed this code of ethics as an exhibit pursuant to Item 12(a)(1) of Form N-CSR. |
Item 3: Audit Committee Financial Expert.
Registrant’s Board of Trustees has determined that Robert W. Burns, currently serving on its audit committee, is an “audit committee financial expert,” as such term is defined in Item 3 of Form N-CSR. Each member of Registrant’s audit committee is “independent” under the standards set forth in Item 3 of Form N-CSR.
The designation of Mr. Burns as an “audit committee financial expert” pursuant to Item 3 of Form N-CSR does not (i) impose upon such individual any duties, obligations, or liability that are greater than the duties, obligations and liability imposed upon such individual as a member of Registrant’s audit committee or Board of Trustees in the absence of such designation; and (ii) affect the duties, obligations or liability of any other member of Registrant’s audit committee or Board of Trustees.
Item 4: Principal Accountant Fees and Services.
Registrant is composed of twenty-one series. Ten series have a fiscal year-end of August 31, whose annual financial statements are reported in Item 1, seven series have a fiscal year-end of February 28 and four series have a fiscal year-end of December 31. Principal accountant fees disclosed in Items 4(a)-(d) and 4(g) include fees billed for services rendered to each of the twenty-one series, based on their respective 2013 and 2012 fiscal years, as applicable.
(a) Below are the aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of Registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements.
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Audit Fees
2014: $325,414 2013: $244,849
(b) Below are the aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of Registrant’s financial statements and are not reported under paragraph (a) above.
Audit-Related Fees
For services rendered to Registrant:
2014: $45,626 2013: $33,615
Nature of these services: tax provision review.
In each of the last two fiscal years there were no “Audit-Related Fees” required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X.
(c) Below are the aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning.
Tax Fees
For services rendered to Registrant:
2014: $151,099 2013: $115,718
Nature of these services: preparation and review of tax returns.
In each of the last two fiscal years there were no “Tax Fees” required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X
(d) Below are the aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) above.
All Other Fees
For services rendered to Registrant:
2014: None 2013: None
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In each of the last two fiscal years there were no “All Other Fees” required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X.
(e)(1) Registrant’s audit committee does not have pre-approval policies and procedures as described in paragraph (c)(7) of Rule 2-01 of Regulation S-X.
(2) There were no services described in each of paragraphs (b) through (d) above (including services required to be approved by Registrant’s audit committee pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X) that were approved by Registrant’s audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.
(f) Not applicable.
(g) Below are the aggregate non-audit fees billed in each of the last two fiscal years by Registrant’s principal accountant for services rendered to Registrant, to Registrant’s investment adviser, and to any entity controlling, controlled by, or under common control with Registrant’s investment adviser that provides ongoing services to Registrant.
2014: $196,725 2013: $149,333
(h) During the past fiscal year, all non-audit services provided by Registrant’s principal accountant to either Registrant’s investment adviser or to any entity controlling, controlled by, or under common control with Registrant’s investment adviser that provides ongoing services to Registrant were pre-approved. Included in the audit committee’s pre-approval was the review and consideration as to whether the provision of these non-audit services is compatible with maintaining the principal accountant’s independence.
Item 5: Audit Committee of Listed Registrants.
The Registrant is a listed issuer as defined in Rule 10A-3 under the Exchange Act and has separately-designated standing audit committee established in accordance with Section 3(a)58)(A) of the Exchange Act. The Registrant’s audit committee members are Robert W. Burns, Stephen Timothy Kochis, and Charles A. Ruffel.
Item 6: Schedule of Investments.
The schedules of investments for the Schwab International Equity ETF, Schwab International Small-Cap Equity ETF, Schwab Emerging Markets Equity ETF, Schwab U.S. Broad Market ETF, Schwab U.S. Large-Cap ETF, Schwab U.S. Large-Cap Growth ETF, Schwab U.S. Large-Cap Value ETF, Schwab U.S. Mid-Cap ETF, Schwab U.S. Small-Cap ETF, and Schwab U.S. Dividend Equity ETF are filed under this Item.
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Schwab International Equity ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .1% | Common Stock | 2,325,188,864 | 2,631,180,543 | ||||||||
0 | .3% | Other Investment Companies | 7,427,616 | 7,427,616 | ||||||||
0 | .4% | Preferred Stock | 9,451,515 | 10,886,677 | ||||||||
0 | .0% | Rights | — | 85,210 | ||||||||
0 | .0% | Short-Term Investments | 307,998 | 307,998 | ||||||||
99 | .8% | Total Investments | 2,342,375,993 | 2,649,888,044 | ||||||||
0 | .2% | Other Assets and Liabilities, Net | 4,127,948 | |||||||||
100 | .0% | Net Assets | 2,654,015,992 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 99.1% of net assets | ||||||||
Australia 7.2% | ||||||||
Banks 2.4% | ||||||||
Australia & New Zealand Banking Group Ltd. | 447,720 | 13,998,892 | ||||||
Bank of Queensland Ltd. | 50,181 | 590,433 | ||||||
Commonwealth Bank of Australia | 268,163 | 20,396,095 | ||||||
National Australia Bank Ltd. | 373,920 | 12,310,400 | ||||||
Westpac Banking Corp. | 518,721 | 16,999,992 | ||||||
64,295,812 | ||||||||
Capital Goods 0.0% | ||||||||
GWA Group Ltd. | 143,500 | 409,357 | ||||||
Leighton Holdings Ltd. | 13,120 | 275,364 | ||||||
684,721 | ||||||||
Commercial & Professional Services 0.2% | ||||||||
ALS Ltd. | 39,360 | 273,892 | ||||||
Brambles Ltd. | 300,256 | 2,667,879 | ||||||
Downer EDI Ltd. | 113,980 | 519,168 | ||||||
Recall Holdings Ltd. * | 60,004 | 267,701 | ||||||
Seek Ltd. | 46,740 | 763,717 | ||||||
4,492,357 | ||||||||
Consumer Services 0.2% | ||||||||
Aristocrat Leisure Ltd. | 50,020 | 258,714 | ||||||
Bendigo & Adelaide Bank Ltd. | 77,080 | 897,557 | ||||||
Crown Resorts Ltd. | 111,520 | 1,648,013 | ||||||
Echo Entertainment Group Ltd. | 132,840 | 392,615 | ||||||
Flight Centre Travel Group Ltd. | 11,480 | 503,576 | ||||||
Tabcorp Holdings Ltd. | 65,175 | 218,840 | ||||||
Tatts Group Ltd. | 222,220 | 690,036 | ||||||
4,609,351 | ||||||||
Diversified Financials 0.2% | ||||||||
ASX Ltd. | 40,535 | 1,421,335 | ||||||
Challenger Ltd. | 77,080 | 565,929 | ||||||
IOOF Holdings Ltd. | 69,700 | 614,746 | ||||||
Macquarie Group Ltd. | 54,158 | 2,953,126 | ||||||
Perpetual Ltd. | 4,100 | 189,934 | ||||||
5,745,070 | ||||||||
Energy 0.5% | ||||||||
Caltex Australia Ltd. | 9,840 | 262,204 | ||||||
Oil Search Ltd. | 213,455 | 1,934,554 | ||||||
Origin Energy Ltd. | 189,566 | 2,753,485 | ||||||
Santos Ltd. | 147,600 | 2,047,285 | ||||||
Whitehaven Coal Ltd. * | 211,110 | 389,966 | ||||||
Woodside Petroleum Ltd. | 100,040 | 3,995,327 | ||||||
WorleyParsons Ltd. | 43,460 | 668,255 | ||||||
12,051,076 | ||||||||
Food & Staples Retailing 0.6% | ||||||||
Wesfarmers Ltd. | 186,215 | 7,543,166 | ||||||
Woolworths Ltd. | 217,300 | 7,349,181 | ||||||
14,892,347 | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Coca-Cola Amatil Ltd. | 98,400 | 828,301 | ||||||
Treasury Wine Estates Ltd. | 76,362 | 364,963 | ||||||
1,193,264 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Ansell Ltd. | 16,400 | 305,245 | ||||||
Cochlear Ltd. | 5,740 | 389,493 | ||||||
Ramsay Health Care Ltd. | 24,600 | 1,195,515 | ||||||
Sonic Healthcare Ltd. | 77,900 | 1,284,519 | ||||||
3,174,772 | ||||||||
Insurance 0.4% | ||||||||
AMP Ltd. | 467,445 | 2,570,743 | ||||||
Insurance Australia Group Ltd. | 421,480 | 2,550,539 | ||||||
QBE Insurance Group Ltd. | 158,260 | 1,705,197 | ||||||
Suncorp Group Ltd. | 208,421 | 2,812,928 | ||||||
9,639,407 | ||||||||
Materials 1.3% | ||||||||
Adelaide Brighton Ltd. | 92,660 | 307,660 | ||||||
Alumina Ltd. * | 323,080 | 468,374 | ||||||
Amcor Ltd. | 279,620 | 2,986,656 | ||||||
Atlas Iron Ltd. | 252,275 | 134,493 | ||||||
BHP Billiton Ltd. | 512,500 | 17,577,438 | ||||||
BlueScope Steel Ltd. * | 99,220 | 511,330 | ||||||
Boral Ltd. | 122,255 | 630,041 | ||||||
CSR Ltd. | 193,520 | 633,497 | ||||||
DuluxGroup Ltd. | 56,580 | 303,757 | ||||||
Fortescue Metals Group Ltd. | 306,680 | 1,196,113 | ||||||
Gunns Ltd. *(b)(c) | 346,320 | — | ||||||
Iluka Resources Ltd. | 99,220 | 825,924 | ||||||
Incitec Pivot Ltd. | 318,160 | 922,482 | ||||||
James Hardie Industries plc CDI | 40,250 | 482,243 | ||||||
Newcrest Mining Ltd. * | 113,160 | 1,198,092 | ||||||
Orica Ltd. | 56,580 | 1,084,845 | ||||||
Orora Ltd. | 293,223 | 452,515 | ||||||
OZ Minerals Ltd. | 82,820 | 332,310 | ||||||
Rio Tinto Ltd. | 85,609 | 5,014,789 |
See financial notes 1
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Sims Metal Management Ltd. * | 31,160 | 350,893 | ||||||
35,413,452 | ||||||||
Media 0.0% | ||||||||
Fairfax Media Ltd. | 462,743 | 374,375 | ||||||
REA Group Ltd. | 5,740 | 257,264 | ||||||
631,639 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
CSL Ltd. | 85,280 | 5,892,045 | ||||||
Real Estate 0.5% | ||||||||
CFS Retail Property Trust Group | 487,080 | 979,466 | ||||||
Dexus Property Group | 1,416,184 | 1,596,091 | ||||||
Goodman Group | 147,779 | 771,255 | ||||||
Lend Lease Group | 115,661 | 1,546,941 | ||||||
Mirvac Group | 530,540 | 910,552 | ||||||
Scentre Group * | 793,364 | 2,545,174 | ||||||
Stockland | 479,700 | 1,906,819 | ||||||
The GPT Group | 348,572 | 1,300,817 | ||||||
Westfield Corp. | 331,280 | 2,361,027 | ||||||
13,918,142 | ||||||||
Retailing 0.0% | ||||||||
Harvey Norman Holdings Ltd. | 110,700 | 367,559 | ||||||
Software & Services 0.1% | ||||||||
Computershare Ltd. | 104,960 | 1,209,443 | ||||||
Telecommunication Services 0.2% | ||||||||
Telstra Corp., Ltd. | 714,220 | 3,714,134 | ||||||
TPG Telecom Ltd. | 29,520 | 166,489 | ||||||
3,880,623 | ||||||||
Transportation 0.2% | ||||||||
Asciano Ltd. | 165,640 | 972,917 | ||||||
Aurizon Holdings Ltd. | 295,584 | 1,318,713 | ||||||
Macquarie Atlas Roads Group | 152,520 | 467,898 | ||||||
Qantas Airways Ltd. * | 2,460 | 3,382 | ||||||
Sydney Airport | 64,810 | 268,532 | ||||||
Toll Holdings Ltd. | 59,860 | 334,243 | ||||||
Transurban Group | 368,627 | 2,778,900 | ||||||
6,144,585 | ||||||||
Utilities 0.1% | ||||||||
AGL Energy Ltd. | 144,642 | 1,907,499 | ||||||
APA Group | 58,220 | 422,012 | ||||||
AusNet Services | 188,600 | 249,602 | ||||||
2,579,113 | ||||||||
190,814,778 | ||||||||
Austria 0.2% | ||||||||
Banks 0.1% | ||||||||
Erste Group Bank AG | 47,940 | 1,233,253 | ||||||
Raiffeisen Bank International AG | 9,070 | 232,966 | ||||||
1,466,219 | ||||||||
Capital Goods 0.0% | ||||||||
Andritz AG | 7,675 | 411,659 | ||||||
Strabag SE | 9,020 | 247,544 | ||||||
659,203 | ||||||||
Energy 0.0% | ||||||||
OMV AG | 29,520 | 1,143,182 | ||||||
Insurance 0.0% | ||||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 7,380 | 358,557 | ||||||
Materials 0.1% | ||||||||
Voestalpine AG | 30,340 | 1,304,820 | ||||||
Real Estate 0.0% | ||||||||
BUWOG AG * | 7,478 | 146,273 | ||||||
IMMOFINANZ AG * | 150,936 | 474,169 | ||||||
620,442 | ||||||||
Telecommunication Services 0.0% | ||||||||
Telekom Austria AG | 19,087 | 179,007 | ||||||
5,731,430 | ||||||||
Belgium 1.0% | ||||||||
Banks 0.1% | ||||||||
KBC Groep N.V. * | 47,807 | 2,731,384 | ||||||
Diversified Financials 0.1% | ||||||||
Groupe Bruxelles Lambert S.A. | 14,760 | 1,454,641 | ||||||
Food & Staples Retailing 0.0% | ||||||||
Colruyt S.A. | 16,400 | 784,155 | ||||||
Delhaize Group S.A. | 7,380 | 515,696 | ||||||
1,299,851 | ||||||||
Food, Beverage & Tobacco 0.5% | ||||||||
Anheuser-Busch InBev N.V. | 126,523 | 14,090,776 | ||||||
Insurance 0.1% | ||||||||
Ageas | 46,104 | 1,551,302 | ||||||
Materials 0.1% | ||||||||
Solvay S.A. | 5,740 | 905,397 | ||||||
Umicore S.A. | 18,040 | 874,809 | ||||||
1,780,206 | ||||||||
Media 0.0% | ||||||||
Telenet Group Holding N.V. * | 12,300 | 720,484 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
UCB S.A. | 23,780 | 2,308,507 | ||||||
Telecommunication Services 0.0% | ||||||||
Belgacom S.A. | 31,980 | 1,143,036 | ||||||
27,080,187 | ||||||||
Canada 8.5% | ||||||||
Automobiles & Components 0.1% | ||||||||
Magna International, Inc. | 36,920 | 4,195,895 | ||||||
Banks 2.4% | ||||||||
Bank of Montreal | 100,040 | 7,715,461 | ||||||
Canadian Imperial Bank of Commerce | 70,590 | 6,761,933 | ||||||
National Bank of Canada | 34,440 | 1,660,803 | ||||||
Royal Bank of Canada | 239,480 | 17,831,574 | ||||||
The Bank of Nova Scotia | 199,260 | 13,233,179 | ||||||
The Toronto-Dominion Bank | 328,000 | 17,310,901 | ||||||
64,513,851 | ||||||||
Capital Goods 0.1% | ||||||||
Bombardier, Inc., B Shares | 287,000 | 968,352 | ||||||
Finning International, Inc. | 41,150 | 1,285,997 |
2 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
SNC-Lavalin Group, Inc. | 9,845 | 505,342 | ||||||
2,759,691 | ||||||||
Consumer Services 0.1% | ||||||||
Tim Hortons, Inc. | 18,090 | 1,457,540 | ||||||
Diversified Financials 0.1% | ||||||||
CI Financial Corp. | 32,800 | 1,078,870 | ||||||
IGM Financial, Inc. | 22,968 | 1,098,483 | ||||||
2,177,353 | ||||||||
Energy 2.1% | ||||||||
ARC Resources Ltd. | 26,240 | 760,289 | ||||||
Cameco Corp. | 46,785 | 916,939 | ||||||
Canadian Natural Resources Ltd. | 177,196 | 7,741,248 | ||||||
Canadian Oil Sands Ltd. | 82,000 | 1,770,399 | ||||||
Cenovus Energy, Inc. | 112,587 | 3,599,463 | ||||||
Crescent Point Energy Corp. | 64,347 | 2,669,385 | ||||||
Enbridge, Inc. | 159,080 | 7,952,900 | ||||||
Encana Corp. | 125,743 | 2,906,086 | ||||||
Husky Energy, Inc. | 75,440 | 2,301,972 | ||||||
Imperial Oil Ltd. | 62,320 | 3,324,116 | ||||||
MEG Energy Corp. * | 13,120 | 468,437 | ||||||
Pacific Rubiales Energy Corp. | 36,935 | 770,536 | ||||||
Pembina Pipeline Corp. | 43,092 | 1,985,072 | ||||||
Penn West Petroleum Ltd. | 82,000 | 638,765 | ||||||
Suncor Energy, Inc. | 228,313 | 9,393,509 | ||||||
Talisman Energy, Inc. | 164,000 | 1,652,473 | ||||||
TransCanada Corp. | 116,602 | 6,280,760 | ||||||
55,132,349 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Alimentation Couche-Tard, Inc., B Shares | 37,395 | 1,124,177 | ||||||
George Weston Ltd. | 6,648 | 528,101 | ||||||
Loblaw Cos. Ltd. | 42,228 | 2,109,940 | ||||||
Metro, Inc. | 14,015 | 910,733 | ||||||
4,672,951 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Saputo, Inc. | 25,561 | 1,558,520 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Catamaran Corp. * | 30,355 | 1,433,590 | ||||||
Insurance 0.6% | ||||||||
Fairfax Financial Holdings Ltd. | 1,495 | 690,491 | ||||||
Great-West Lifeco, Inc. | 76,260 | 2,237,007 | ||||||
Intact Financial Corp. | 13,940 | 949,809 | ||||||
Manulife Financial Corp. | 292,772 | 5,924,264 | ||||||
Power Corp. of Canada | 82,000 | 2,422,014 | ||||||
Power Financial Corp. | 61,500 | 1,992,833 | ||||||
Sun Life Financial, Inc. | 82,000 | 3,056,243 | ||||||
17,272,661 | ||||||||
Materials 1.0% | ||||||||
Agnico Eagle Mines Ltd. | 32,009 | 1,226,950 | ||||||
Agrium, Inc. | 21,606 | 2,047,964 | ||||||
Barrick Gold Corp. | 203,360 | 3,747,561 | ||||||
Eldorado Gold Corp. | 123,000 | 1,019,378 | ||||||
First Quantum Minerals Ltd. | 96,015 | 2,160,614 | ||||||
Franco-Nevada Corp. | 29,520 | 1,667,108 | ||||||
Goldcorp, Inc. | 130,973 | 3,686,200 | ||||||
Kinross Gold Corp. * | 191,371 | 758,604 | ||||||
Potash Corp. of Saskatchewan, Inc. | 139,670 | 4,917,260 | ||||||
Silver Wheaton Corp. | 56,639 | 1,418,129 | ||||||
Teck Resources Ltd., Class B | 89,671 | 2,041,002 | ||||||
Turquoise Hill Resources Ltd. * | 107,420 | 362,440 | ||||||
Yamana Gold, Inc. | 142,226 | 1,214,116 | ||||||
26,267,326 | ||||||||
Media 0.2% | ||||||||
Shaw Communications, Inc., B Shares | 82,000 | 2,070,505 | ||||||
Thomson Reuters Corp. | 82,000 | 3,114,450 | ||||||
5,184,955 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
Valeant Pharmaceuticals International, Inc. * | 50,574 | 5,938,803 | ||||||
Real Estate 0.2% | ||||||||
Brookfield Asset Management, Inc., Class A | 98,111 | 4,698,655 | ||||||
Retailing 0.1% | ||||||||
Canadian Tire Corp. Ltd., Class A | 13,120 | 1,358,505 | ||||||
Software & Services 0.1% | ||||||||
CGI Group, Inc., Class A * | 53,415 | 1,894,823 | ||||||
Technology Hardware & Equipment 0.0% | ||||||||
BlackBerry Ltd. * | 86,409 | 880,221 | ||||||
Telecommunication Services 0.2% | ||||||||
BCE, Inc. | 65,700 | 2,964,752 | ||||||
Rogers Communications, Inc., B Shares | 71,022 | 2,901,770 | ||||||
5,866,522 | ||||||||
Transportation 0.5% | ||||||||
Canadian National Railway Co. | 127,920 | 9,208,825 | ||||||
Canadian Pacific Railway Ltd. | 27,333 | 5,487,766 | ||||||
14,696,591 | ||||||||
Utilities 0.1% | ||||||||
Canadian Utilities Ltd., Class A | 36,900 | 1,331,427 | ||||||
Fortis, Inc. | 38,842 | 1,200,262 | ||||||
2,531,689 | ||||||||
224,492,491 | ||||||||
Denmark 1.3% | ||||||||
Banks 0.2% | ||||||||
Danske Bank A/S | 149,240 | 4,206,025 | ||||||
Capital Goods 0.1% | ||||||||
FLSmidth & Co. A/S | 6,723 | 359,811 | ||||||
Rockwool International A/S, B Shares | 2,460 | 387,535 | ||||||
Vestas Wind Systems A/S * | 36,080 | 1,522,072 | ||||||
2,269,418 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Pandora A/S | 16,400 | 1,228,862 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Carlsberg A/S, B Shares | 22,140 | 2,023,794 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Coloplast A/S, Class B | 20,525 | 1,707,786 | ||||||
William Demant Holding A/S * | 4,920 | 381,011 | ||||||
2,088,797 | ||||||||
Materials 0.1% | ||||||||
Chr Hansen Holding A/S | 14,760 | 601,789 |
See financial notes 3
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Novozymes A/S, B Shares | 47,560 | 2,213,227 | ||||||
2,815,016 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.5% | ||||||||
Novo Nordisk A/S, B Shares | 319,825 | 14,645,711 | ||||||
Telecommunication Services 0.0% | ||||||||
TDC A/S | 62,700 | 539,433 | ||||||
Transportation 0.2% | ||||||||
AP Moller - Maersk A/S, A Shares | 500 | 1,206,704 | ||||||
AP Moller - Maersk A/S, B Shares | 914 | 2,294,736 | ||||||
DSV A/S | 40,180 | 1,235,401 | ||||||
4,736,841 | ||||||||
34,553,897 | ||||||||
Finland 0.7% | ||||||||
Automobiles & Components 0.0% | ||||||||
Nokian Renkaat Oyj | 22,960 | 733,391 | ||||||
Capital Goods 0.2% | ||||||||
Kone Oyj, B Shares | 67,494 | 2,862,680 | ||||||
Metso Oyj | 7,425 | 291,842 | ||||||
Valmet Oyj | 23,780 | 252,620 | ||||||
Wartsila Oyj Abp | 36,080 | 1,818,291 | ||||||
5,225,433 | ||||||||
Energy 0.0% | ||||||||
Neste Oil Oyj | 12,375 | 242,875 | ||||||
Food & Staples Retailing 0.0% | ||||||||
Kesko Oyj, B Shares | 9,840 | 360,971 | ||||||
Insurance 0.1% | ||||||||
Sampo Oyj, A Shares | 75,475 | 3,721,129 | ||||||
Materials 0.1% | ||||||||
Stora Enso Oyj, R Shares | 126,280 | 1,101,976 | ||||||
UPM-Kymmene Oyj | 97,580 | 1,469,126 | ||||||
2,571,102 | ||||||||
Technology Hardware & Equipment 0.2% | ||||||||
Nokia Oyj | 613,653 | 5,169,103 | ||||||
Utilities 0.1% | ||||||||
Fortum Oyj | 61,585 | 1,549,388 | ||||||
19,573,392 | ||||||||
France 7.9% | ||||||||
Automobiles & Components 0.3% | ||||||||
Cie Generale des Etablissements Michelin | 33,620 | 3,726,522 | ||||||
Peugeot S.A. * | 66,123 | 931,069 | ||||||
Renault S.A. | 30,667 | 2,406,709 | ||||||
Valeo S.A. | 13,120 | 1,589,395 | ||||||
8,653,695 | ||||||||
Banks 0.8% | ||||||||
BNP Paribas S.A. | 164,820 | 11,154,646 | ||||||
Credit Agricole S.A. | 177,940 | 2,645,008 | ||||||
Natixis | 55,760 | 392,942 | ||||||
Societe Generale S.A. | 115,620 | 5,871,722 | ||||||
20,064,318 | ||||||||
Capital Goods 1.3% | ||||||||
Airbus Group N.V. | 92,660 | 5,712,633 | ||||||
Alstom S.A. * | 41,000 | 1,454,630 | ||||||
Bouygues S.A. | 22,140 | 814,663 | ||||||
Compagnie de Saint-Gobain | 75,440 | 3,838,647 | ||||||
Eiffage S.A. | 3,280 | 212,997 | ||||||
Legrand S.A. | 46,269 | 2,563,979 | ||||||
Rexel S.A. | 34,440 | 687,270 | ||||||
Safran S.A. | 50,840 | 3,340,622 | ||||||
Schneider Electric SE | 89,509 | 7,583,410 | ||||||
Thales S.A. | 12,300 | 688,485 | ||||||
Vallourec S.A. | 19,680 | 881,106 | ||||||
Vinci S.A. | 72,980 | 4,782,432 | ||||||
Zodiac Aerospace | 32,800 | 1,072,544 | ||||||
33,633,418 | ||||||||
Commercial & Professional Services 0.1% | ||||||||
Bureau Veritas S.A. | 49,200 | 1,171,697 | ||||||
Edenred | 32,800 | 975,118 | ||||||
Societe BIC S.A. | 6,788 | 924,516 | ||||||
3,071,331 | ||||||||
Consumer Durables & Apparel 0.4% | ||||||||
Christian Dior S.A. | 9,840 | 1,754,305 | ||||||
Hermes International | 1,640 | 565,650 | ||||||
Kering | 13,140 | 2,790,917 | ||||||
LVMH Moet Hennessy Louis Vuitton S.A. | 39,375 | 6,848,742 | ||||||
11,959,614 | ||||||||
Consumer Services 0.1% | ||||||||
Accor S.A. | 36,900 | 1,797,401 | ||||||
Sodexo | 14,780 | 1,459,533 | ||||||
3,256,934 | ||||||||
Diversified Financials 0.0% | ||||||||
Eurazeo S.A. | 7,432 | 566,123 | ||||||
Wendel S.A. | 5,740 | 694,604 | ||||||
1,260,727 | ||||||||
Energy 0.9% | ||||||||
CGG S.A. * | 28,402 | 254,957 | ||||||
Technip S.A. | 18,040 | 1,675,242 | ||||||
Total S.A. | 333,740 | 22,063,645 | ||||||
23,993,844 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Carrefour S.A. | 101,680 | 3,533,820 | ||||||
Casino Guichard Perrachon S.A. | 10,660 | 1,275,376 | ||||||
4,809,196 | ||||||||
Food, Beverage & Tobacco 0.4% | ||||||||
Danone S.A. | 88,560 | 6,198,848 | ||||||
Pernod-Ricard S.A. | 34,475 | 4,075,136 | ||||||
10,273,984 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
BioMerieux | 3,280 | 344,769 | ||||||
Essilor International S.A. | 35,389 | 3,762,715 | ||||||
4,107,484 | ||||||||
Household & Personal Products 0.2% | ||||||||
L’Oreal S.A. | 36,080 | 5,988,098 | ||||||
Insurance 0.3% | ||||||||
AXA S.A. | 315,700 | 7,838,586 | ||||||
CNP Assurances | 21,320 | 421,662 |
4 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
SCOR SE | 22,960 | 704,660 | ||||||
8,964,908 | ||||||||
Materials 0.4% | ||||||||
Air Liquide S.A. | 57,694 | 7,389,710 | ||||||
Arkema S.A. | 8,200 | 616,847 | ||||||
Imerys S.A. | 5,740 | 459,844 | ||||||
Lafarge S.A. | 31,980 | 2,455,833 | ||||||
10,922,234 | ||||||||
Media 0.2% | ||||||||
Eutelsat Communications S.A. | 20,500 | 685,461 | ||||||
JCDecaux S.A. | 9,020 | 319,128 | ||||||
Lagardere S.C.A. | 21,320 | 588,473 | ||||||
Numericable Group S.A. * | 8,916 | 529,074 | ||||||
Publicis Groupe S.A. | 22,140 | 1,653,532 | ||||||
SES S.A. | 54,940 | 2,037,854 | ||||||
Societe Television Francaise 1 | 26,240 | 395,750 | ||||||
6,209,272 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.8% | ||||||||
Ipsen S.A. | 9,840 | 471,206 | ||||||
Sanofi | 187,780 | 20,653,213 | ||||||
21,124,419 | ||||||||
Real Estate 0.1% | ||||||||
Fonciere Des Regions | 5,740 | 582,176 | ||||||
Gecina S.A. | 4,100 | 580,556 | ||||||
Klepierre | 14,760 | 704,768 | ||||||
1,867,500 | ||||||||
Semiconductors & Semiconductor Equipment 0.0% | ||||||||
STMicroelectronics N.V. | 117,260 | 984,496 | ||||||
Software & Services 0.2% | ||||||||
AtoS | 10,660 | 815,241 | ||||||
Cap Gemini S.A. | 23,780 | 1,694,889 | ||||||
Dassault Systemes S.A. | 24,660 | 1,637,101 | ||||||
4,147,231 | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
Alcatel-Lucent * | 479,700 | 1,663,058 | ||||||
Telecommunication Services 0.4% | ||||||||
Iliad S.A. | 3,280 | 722,373 | ||||||
Orange S.A. | 309,140 | 4,690,936 | ||||||
Vivendi S.A. * | 216,640 | 5,648,667 | ||||||
11,061,976 | ||||||||
Transportation 0.1% | ||||||||
Aeroports de Paris | 6,560 | 874,020 | ||||||
Air France-KLM * | 27,483 | 288,229 | ||||||
Bollore S.A. | 1,640 | 1,036,900 | ||||||
Groupe Eurotunnel S.A. - Reg’d | 69,700 | 898,993 | ||||||
3,098,142 | ||||||||
Utilities 0.4% | ||||||||
Electricite de France S.A. | 48,380 | 1,576,904 | ||||||
GDF Suez | 214,020 | 5,284,350 | ||||||
Suez Environnement Co. | 62,320 | 1,151,694 | ||||||
Veolia Environnement S.A. | 79,540 | 1,464,162 | ||||||
9,477,110 | ||||||||
210,592,989 | ||||||||
Germany 7.0% | ||||||||
Automobiles & Components 0.9% | ||||||||
Bayerische Motoren Werke AG | 50,492 | 5,892,615 | ||||||
Continental AG | 14,956 | 3,201,258 | ||||||
Daimler AG - Reg’d | 164,040 | 13,448,417 | ||||||
Volkswagen AG | 4,100 | 920,789 | ||||||
23,463,079 | ||||||||
Banks 0.1% | ||||||||
Commerzbank AG * | 179,580 | 2,724,973 | ||||||
Capital Goods 0.8% | ||||||||
Brenntag AG | 10,660 | 565,516 | ||||||
GEA Group AG | 35,260 | 1,599,083 | ||||||
Hochtief AG | 10,660 | 844,728 | ||||||
MAN SE | 12,355 | 1,468,729 | ||||||
OSRAM Licht AG * | 13,940 | 584,272 | ||||||
Siemens AG - Reg’d | 127,920 | 16,064,433 | ||||||
21,126,761 | ||||||||
Commercial & Professional Services 0.0% | ||||||||
Bilfinger SE | 5,740 | 437,615 | ||||||
Consumer Durables & Apparel 0.1% | ||||||||
adidas AG | 39,360 | 2,957,239 | ||||||
Puma SE | 1,640 | 408,279 | ||||||
3,365,518 | ||||||||
Diversified Financials 0.4% | ||||||||
Deutsche Bank AG - Reg’d | 236,160 | 8,100,263 | ||||||
Deutsche Boerse AG | 32,010 | 2,281,472 | ||||||
10,381,735 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Metro AG * | 32,800 | 1,154,847 | ||||||
Health Care Equipment & Services 0.3% | ||||||||
Celesio AG | 13,940 | 474,652 | ||||||
Fresenius Medical Care AG & Co. KGaA | 38,540 | 2,724,552 | ||||||
Fresenius SE & Co. KGaA | 68,880 | 3,368,759 | ||||||
6,567,963 | ||||||||
Household & Personal Products 0.1% | ||||||||
Beiersdorf AG | 13,120 | 1,157,699 | ||||||
Henkel AG & Co. KGaA | 23,780 | 2,267,473 | ||||||
3,425,172 | ||||||||
Insurance 0.7% | ||||||||
Allianz SE - Reg’d | 73,800 | 12,617,777 | ||||||
Hannover Rueck SE | 10,660 | 887,554 | ||||||
Muenchener Rueckversicherungs AG - Reg’d | 30,360 | 6,102,505 | ||||||
19,607,836 | ||||||||
Materials 1.1% | ||||||||
BASF SE | 153,340 | 15,812,974 | ||||||
Fuchs Petrolub SE | 8,200 | 329,702 | ||||||
HeidelbergCement AG | 34,440 | 2,604,823 | ||||||
K+S AG | 32,808 | 1,022,460 | ||||||
LANXESS AG | 13,120 | 814,226 | ||||||
Linde AG | 31,980 | 6,345,990 | ||||||
ThyssenKrupp AG * | 77,720 | 2,162,626 | ||||||
Wacker Chemie AG | 3,280 | 390,522 | ||||||
29,483,323 |
See financial notes 5
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Media 0.1% | ||||||||
Axel Springer SE | 9,840 | 584,423 | ||||||
Kabel Deutschland Holding AG | 6,595 | 932,977 | ||||||
ProSiebenSat.1 Media AG - Reg’d | 21,320 | 856,944 | ||||||
Sky Deutschland AG * | 58,220 | 515,569 | ||||||
2,889,913 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.8% | ||||||||
Bayer AG - Reg’d | 135,340 | 18,192,442 | ||||||
Merck KGaA | 21,320 | 1,859,918 | ||||||
QIAGEN N.V. * | 38,540 | 935,597 | ||||||
20,987,957 | ||||||||
Real Estate 0.0% | ||||||||
Deutsche Wohnen AG | 37,447 | 846,914 | ||||||
Retailing 0.0% | ||||||||
Fielmann AG | 4,920 | 318,069 | ||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Infineon Technologies AG | 191,060 | 2,225,971 | ||||||
Software & Services 0.5% | ||||||||
SAP SE | 146,994 | 11,462,336 | ||||||
Software AG | 13,940 | 360,625 | ||||||
United Internet AG - Reg’d | 15,822 | 681,388 | ||||||
12,504,349 | ||||||||
Telecommunication Services 0.3% | ||||||||
Deutsche Telekom AG - Reg’d | 528,900 | 7,928,073 | ||||||
Telefonica Deutschland Holding AG * | 32,175 | 245,258 | ||||||
8,173,331 | ||||||||
Transportation 0.2% | ||||||||
Deutsche Lufthansa AG - Reg’d | 36,900 | 640,367 | ||||||
Deutsche Post AG - Reg’d | 144,320 | 4,730,597 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 7,380 | 501,600 | ||||||
5,872,564 | ||||||||
Utilities 0.4% | ||||||||
E.ON SE | 323,900 | 5,900,447 | ||||||
RWE AG | 81,180 | 3,184,385 | ||||||
9,084,832 | ||||||||
184,642,722 | ||||||||
Greece 0.1% | ||||||||
Banks 0.1% | ||||||||
Alpha Bank AE * | 579,607 | 508,463 | ||||||
National Bank of Greece S.A. * | 189,191 | 650,419 | ||||||
Piraeus Bank S.A. * | 292,888 | 578,688 | ||||||
1,737,570 | ||||||||
Telecommunication Services 0.0% | ||||||||
Hellenic Telecommunications Organization S.A. * | 38,631 | 553,626 | ||||||
2,291,196 | ||||||||
Hong Kong 3.1% | ||||||||
Automobiles & Components 0.0% | ||||||||
Xinyi Glass Holdings Ltd. | 456,000 | 287,716 | ||||||
Banks 0.3% | ||||||||
Bank of East Asia Ltd. | 216,600 | 922,279 | ||||||
BOC Hong Kong Holdings Ltd. | 820,000 | 2,756,205 | ||||||
Hang Seng Bank Ltd. | 164,000 | 2,769,959 | ||||||
Wing Hang Bank Ltd. (b)(c) | 13,500 | 217,738 | ||||||
6,666,181 | ||||||||
Capital Goods 0.3% | ||||||||
China Rongsheng Heavy Industries Group Holdings Ltd. *(b) | 719,000 | 113,553 | ||||||
Hopewell Holdings Ltd. | 410,000 | 1,473,326 | ||||||
Hutchison Whampoa Ltd. | 278,000 | 3,615,724 | ||||||
Jardine Matheson Holdings Ltd. | 32,600 | 1,964,476 | ||||||
Jardine Strategic Holdings Ltd. | 20,000 | 728,000 | ||||||
Johnson Electric Holdings Ltd. | 202,250 | 789,412 | ||||||
8,684,491 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Global Brands Group Holding Ltd. * | 694,000 | 160,288 | ||||||
Li & Fung Ltd. | 694,000 | 861,439 | ||||||
Prada S.p.A. | 31,200 | 221,214 | ||||||
Samsonite International S.A. | 247,500 | 854,258 | ||||||
Techtronic Industries Co. | 410,000 | 1,251,137 | ||||||
Yue Yuen Industrial Holdings Ltd. | 40,000 | 124,126 | ||||||
3,472,462 | ||||||||
Consumer Services 0.3% | ||||||||
China Travel International Investment Hong Kong Ltd. | 1,640,000 | 518,442 | ||||||
Galaxy Entertainment Group Ltd. | 305,000 | 2,298,278 | ||||||
Melco International Development Ltd. | 81,000 | 215,822 | ||||||
MGM China Holdings Ltd. | 154,000 | 509,680 | ||||||
Sands China Ltd. | 377,100 | 2,457,185 | ||||||
SJM Holdings Ltd. | 228,000 | 573,666 | ||||||
Wynn Macau Ltd. | 328,000 | 1,256,956 | ||||||
7,830,029 | ||||||||
Diversified Financials 0.2% | ||||||||
Hong Kong Exchanges & Clearing Ltd. | 246,000 | 5,653,129 | ||||||
Energy 0.0% | ||||||||
Brightoil Petroleum Holdings Ltd. *(a) | 1,944,000 | 724,910 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
China Mengniu Dairy Co., Ltd. | 174,000 | 807,120 | ||||||
Tingyi Cayman Islands Holding Corp. | 226,000 | 634,246 | ||||||
Want Want China Holdings Ltd. | 1,039,000 | 1,288,335 | ||||||
2,729,701 | ||||||||
Insurance 0.4% | ||||||||
AIA Group Ltd. | 1,992,200 | 10,873,346 | ||||||
Materials 0.0% | ||||||||
Huabao International Holdings Ltd. | 364,000 | 264,423 | ||||||
Shougang Fushan Resources Group Ltd. | 516,000 | 141,814 | ||||||
406,237 | ||||||||
Media 0.0% | ||||||||
Television Broadcasts Ltd. | 82,000 | 516,855 | ||||||
Real Estate 0.8% | ||||||||
Cheung Kong (Holdings) Ltd. | 212,000 | 3,865,164 | ||||||
Great Eagle Holdings Ltd. | 50,000 | 183,867 | ||||||
Hang Lung Properties Ltd. | 325,000 | 1,073,528 |
6 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Henderson Land Development Co., Ltd. | 194,700 | 1,290,020 | ||||||
Hongkong Land Holdings Ltd. | 194,000 | 1,328,900 | ||||||
Hysan Development Co., Ltd. | 106,000 | 519,732 | ||||||
New World China Land Ltd. | 318,000 | 194,899 | ||||||
New World Development Co., Ltd. | 820,000 | 1,036,883 | ||||||
Shui On Land Ltd. | 1,230,000 | 322,174 | ||||||
Sino Land Co., Ltd. | 476,000 | 841,429 | ||||||
Sun Hung Kai Properties Ltd. | 248,000 | 3,763,127 | ||||||
Swire Pacific Ltd., Class A | 91,000 | 1,224,660 | ||||||
Swire Properties Ltd. | 328,000 | 1,100,366 | ||||||
The Link REIT | 410,000 | 2,433,501 | ||||||
The Wharf Holdings Ltd. | 273,000 | 2,134,643 | ||||||
Wheelock & Co., Ltd. | 120,000 | 628,633 | ||||||
21,941,526 | ||||||||
Retailing 0.1% | ||||||||
Chow Tai Fook Jewellery Group Ltd. | 332,000 | 478,071 | ||||||
Esprit Holdings Ltd. | 410,000 | 665,510 | ||||||
Parkson Retail Group Ltd. | 1,640,000 | 541,718 | ||||||
Sa Sa International Holdings Ltd. (a) | 396,000 | 309,129 | ||||||
1,994,428 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
ASM Pacific Technology Ltd. | 38,300 | 398,559 | ||||||
Semiconductor Manufacturing International Corp. * | 6,560,000 | 617,898 | ||||||
Xinyi Solar Holdings Ltd. | 456,000 | 135,327 | ||||||
1,151,784 | ||||||||
Technology Hardware & Equipment 0.0% | ||||||||
AAC Technologies Holdings, Inc. | 68,000 | 443,527 | ||||||
FIH Mobile Ltd. * | 309,000 | 174,233 | ||||||
VTech Holdings Ltd. | 38,900 | 476,829 | ||||||
1,094,589 | ||||||||
Telecommunication Services 0.0% | ||||||||
PCCW Ltd. | 820,000 | 521,616 | ||||||
Transportation 0.1% | ||||||||
Kerry Logistics Network Ltd. | 32,750 | 54,089 | ||||||
MTR Corp., Ltd. | 410,000 | 1,626,743 | ||||||
1,680,832 | ||||||||
Utilities 0.3% | ||||||||
Cheung Kong Infrastructure Holdings Ltd. | 72,000 | 519,783 | ||||||
CLP Holdings Ltd. | 249,500 | 2,111,856 | ||||||
Hong Kong & China Gas Co., Ltd. | 1,148,330 | 2,604,807 | ||||||
Power Assets Holdings Ltd. | 202,500 | 1,844,674 | ||||||
7,081,120 | ||||||||
83,310,952 | ||||||||
Ireland 0.2% | ||||||||
Banks 0.1% | ||||||||
Bank of Ireland * | 5,289,000 | 2,110,902 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Kerry Group plc, A Shares | 25,420 | 1,916,915 | ||||||
Materials 0.0% | ||||||||
Smurfit Kappa Group plc | 32,177 | 731,752 | ||||||
Transportation 0.0% | ||||||||
Ryanair Holdings plc * | 56,689 | 534,045 | ||||||
5,293,614 | ||||||||
Israel 0.5% | ||||||||
Banks 0.1% | ||||||||
Bank Hapoalim B.M. | 186,960 | 1,060,963 | ||||||
Bank Leumi Le-Israel * | 159,900 | 625,099 | ||||||
First International Bank of Israel Ltd. | 22,140 | 347,450 | ||||||
Israel Discount Bank Ltd., A Shares * | 150,066 | 252,324 | ||||||
Mizrahi Tefahot Bank Ltd. * | 18,040 | 221,683 | ||||||
2,507,519 | ||||||||
Energy 0.0% | ||||||||
Delek Group Ltd. | 820 | 298,733 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Osem Investments Ltd. | 10,660 | 235,492 | ||||||
Materials 0.0% | ||||||||
Israel Chemicals Ltd. | 83,640 | 646,918 | ||||||
The Israel Corp., Ltd. * | 820 | 462,807 | ||||||
1,109,725 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
Teva Pharmaceutical Industries Ltd. | 155,130 | 8,094,722 | ||||||
Real Estate 0.0% | ||||||||
Azrieli Group | 6,560 | 213,250 | ||||||
Gazit-Globe Ltd. | 12,300 | 154,629 | ||||||
367,879 | ||||||||
Software & Services 0.0% | ||||||||
NICE Systems Ltd. | 8,200 | 317,347 | ||||||
Telecommunication Services 0.1% | ||||||||
Bezeq The Israeli Telecommunication Corp., Ltd. | 433,152 | 820,081 | ||||||
Cellcom Israel Ltd. | 20,500 | 240,308 | ||||||
Partner Communications Co., Ltd. * | 34,440 | 248,909 | ||||||
1,309,298 | ||||||||
14,240,715 | ||||||||
Italy 2.1% | ||||||||
Automobiles & Components 0.1% | ||||||||
Fiat S.p.A. * | 133,993 | 1,313,127 | ||||||
Pirelli & C. S.p.A. | 74,620 | 1,143,107 | ||||||
2,456,234 | ||||||||
Banks 0.5% | ||||||||
Banco Popolare SC * | 64,354 | 1,006,186 | ||||||
Intesa Sanpaolo S.p.A. | 1,990,960 | 5,937,324 | ||||||
UniCredit S.p.A. | 713,603 | 5,536,353 | ||||||
Unione di Banche Italiane S.C.p.A. | 123,820 | 969,604 | ||||||
13,449,467 | ||||||||
Capital Goods 0.1% | ||||||||
CNH Industrial N.V. | 145,140 | 1,263,689 | ||||||
Finmeccanica S.p.A. * | 50,020 | 469,111 | ||||||
Prysmian S.p.A. | 22,312 | 454,360 | ||||||
2,187,160 |
See financial notes 7
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Consumer Durables & Apparel 0.1% | ||||||||
Luxottica Group S.p.A. | 34,191 | 1,830,729 | ||||||
Diversified Financials 0.1% | ||||||||
Exor S.p.A. | 22,960 | 915,756 | ||||||
Mediobanca S.p.A. * | 95,940 | 840,375 | ||||||
1,756,131 | ||||||||
Energy 0.5% | ||||||||
Eni S.p.A. | 403,440 | 10,086,186 | ||||||
Saipem S.p.A. * | 49,200 | 1,170,401 | ||||||
Tenaris S.A. | 75,440 | 1,668,415 | ||||||
12,925,002 | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Parmalat S.p.A. | 192,700 | 647,252 | ||||||
Insurance 0.1% | ||||||||
Assicurazioni Generali S.p.A. | 201,720 | 4,134,380 | ||||||
Mediolanum S.p.A. | 20,500 | 152,700 | ||||||
4,287,080 | ||||||||
Materials 0.0% | ||||||||
Buzzi Unicem S.p.A. | 13,120 | 199,258 | ||||||
Media 0.0% | ||||||||
Mediaset S.p.A. * | 136,120 | 562,635 | ||||||
Telecommunication Services 0.1% | ||||||||
Telecom Italia S.p.A. * | 1,798,720 | 2,074,300 | ||||||
Telecom Italia S.p.A. - RSP | 1,062,720 | 979,870 | ||||||
3,054,170 | ||||||||
Transportation 0.1% | ||||||||
Atlantia S.p.A. | 82,974 | 2,111,548 | ||||||
Utilities 0.4% | ||||||||
Enel Green Power S.p.A. | 82,820 | 229,090 | ||||||
Enel S.p.A. | 1,209,500 | 6,414,037 | ||||||
Snam S.p.A. | 279,620 | 1,630,164 | ||||||
Terna-Rete Elettrica Nazionale S.p.A. | 256,660 | 1,325,245 | ||||||
9,598,536 | ||||||||
55,065,202 | ||||||||
Japan 18.9% | ||||||||
Automobiles & Components 2.6% | ||||||||
Aisin Seiki Co., Ltd. | 25,900 | 958,613 | ||||||
Bridgestone Corp. | 105,000 | 3,607,306 | ||||||
Daihatsu Motor Co., Ltd. | 82,000 | 1,408,962 | ||||||
Denso Corp. | 82,000 | 3,562,266 | ||||||
Fuji Heavy Industries Ltd. | 94,200 | 2,679,964 | ||||||
Honda Motor Co., Ltd. | 286,900 | 9,701,879 | ||||||
Isuzu Motors Ltd. | 152,000 | 1,051,863 | ||||||
Koito Manufacturing Co., Ltd. | 7,000 | 191,500 | ||||||
KYB Co., Ltd. | 77,000 | 363,190 | ||||||
Mazda Motor Corp. | 74,800 | 1,766,946 | ||||||
Mitsubishi Motors Corp. | 82,500 | 939,476 | ||||||
NGK Spark Plug Co., Ltd. | 44,000 | 1,285,460 | ||||||
Nissan Motor Co., Ltd. | 410,000 | 3,942,725 | ||||||
NOK Corp. | 82,000 | 1,774,424 | ||||||
Stanley Electric Co., Ltd. | 34,700 | 822,699 | ||||||
Sumitomo Electric Industries Ltd. | 164,000 | 2,404,313 | ||||||
Sumitomo Rubber Industries Ltd. | 82,000 | 1,172,951 | ||||||
Suzuki Motor Corp. | 82,000 | 2,668,740 | ||||||
Toyota Industries Corp. | 27,800 | 1,336,680 | ||||||
Toyota Motor Corp. | 436,970 | 24,934,862 | ||||||
Yamaha Motor Co., Ltd. | 82,000 | 1,519,469 | ||||||
68,094,288 | ||||||||
Banks 1.8% | ||||||||
Aozora Bank Ltd. | 297,000 | 1,014,920 | ||||||
Fukuoka Financial Group, Inc. | 107,000 | 519,113 | ||||||
Hokuhoku Financial Group, Inc. | 493,000 | 982,346 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 2,386,500 | 13,742,160 | ||||||
Mizuho Financial Group, Inc. | 4,100,000 | 7,810,464 | ||||||
North Pacific Bank Ltd. | 164,000 | 666,198 | ||||||
Resona Holdings, Inc. | 410,000 | 2,226,712 | ||||||
Seven Bank Ltd. | 82,000 | 333,099 | ||||||
Shinsei Bank Ltd. | 351,000 | 739,943 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 231,200 | 9,348,372 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 557,000 | 2,288,909 | ||||||
Suruga Bank Ltd. | 40,000 | 760,841 | ||||||
The 77 Bank Ltd. | 48,000 | 259,210 | ||||||
The Bank of Kyoto Ltd. | 83,000 | 731,049 | ||||||
The Bank of Yokohama Ltd. | 162,000 | 894,637 | ||||||
The Chiba Bank Ltd. | 130,000 | 917,264 | ||||||
The Chugoku Bank Ltd. | 34,000 | 515,147 | ||||||
The Gunma Bank Ltd. | 29,000 | 171,122 | ||||||
The Hachijuni Bank Ltd. | 131,000 | 791,914 | ||||||
The Hiroshima Bank Ltd. | 38,000 | 183,626 | ||||||
The Iyo Bank Ltd. | 82,000 | 832,748 | ||||||
The Joyo Bank Ltd. | 137,000 | 712,134 | ||||||
The Juroku Bank Ltd. | 104,000 | 397,439 | ||||||
The Shiga Bank Ltd. | 58,000 | 336,102 | ||||||
The Shizuoka Bank Ltd. | 110,000 | 1,142,513 | ||||||
Yamaguchi Financial Group, Inc. | 16,000 | 157,559 | ||||||
48,475,541 | ||||||||
Capital Goods 2.8% | ||||||||
Amada Co., Ltd. | 77,400 | 730,153 | ||||||
Asahi Glass Co., Ltd. | 143,000 | 775,533 | ||||||
Chiyoda Corp. | 13,000 | 142,407 | ||||||
COMSYS Holdings Corp. | 82,000 | 1,567,618 | ||||||
Daikin Industries Ltd. | 49,700 | 3,430,226 | ||||||
Ebara Corp. | 31,000 | 175,165 | ||||||
FANUC Corp. | 30,690 | 5,140,357 | ||||||
Fuji Electric Co., Ltd. | 49,000 | 237,253 | ||||||
Hino Motors Ltd. | 22,000 | 312,365 | ||||||
Hoshizaki Electric Co., Ltd. | 4,400 | 215,161 | ||||||
IHI Corp. | 277,000 | 1,306,541 | ||||||
ITOCHU Corp. | 273,100 | 3,476,678 | ||||||
JGC Corp. | 48,000 | 1,391,231 | ||||||
JTEKT Corp. | 50,100 | 797,665 | ||||||
Kajima Corp. | 174,000 | 891,062 | ||||||
Kawasaki Heavy Industries Ltd. | 302,000 | 1,125,032 | ||||||
Keihan Electric Railway Co., Ltd. | 80,000 | 355,008 | ||||||
Komatsu Ltd. | 164,500 | 3,729,099 | ||||||
Kubota Corp. | 207,000 | 2,960,986 | ||||||
Kurita Water Industries Ltd. | 11,600 | 260,731 | ||||||
LIXIL Group Corp. | 58,200 | 1,289,661 | ||||||
Makita Corp. | 20,400 | 1,140,915 | ||||||
Marubeni Corp. | 243,000 | 1,756,683 | ||||||
Minebea Co., Ltd. | 38,000 | 476,257 | ||||||
MISUMI Group, Inc. | 5,000 | 155,701 | ||||||
Mitsubishi Corp. | 246,000 | 5,094,759 | ||||||
Mitsubishi Electric Corp. | 303,000 | 3,797,526 |
8 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Mitsubishi Heavy Industries Ltd. | 556,000 | 3,426,932 | ||||||
Mitsui & Co., Ltd. | 330,400 | 5,394,026 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd. | 92,000 | 201,030 | ||||||
Nabtesco Corp. | 7,500 | 172,908 | ||||||
NGK Insulators Ltd. | 39,000 | 983,588 | ||||||
Nidec Corp. | 41,800 | 2,668,907 | ||||||
Nippon Sheet Glass Co., Ltd. * | 200,000 | 238,725 | ||||||
NSK Ltd. | 70,000 | 931,222 | ||||||
NTN Corp. | 56,000 | 235,568 | ||||||
Obayashi Corp. | 91,000 | 695,519 | ||||||
Shimizu Corp. | 137,000 | 1,134,139 | ||||||
SMC Corp. | 11,000 | 2,879,578 | ||||||
Sojitz Corp. | 410,000 | 678,828 | ||||||
Sumitomo Corp. | 246,000 | 3,180,228 | ||||||
Taisei Corp. | 145,000 | 865,380 | ||||||
THK Co., Ltd. | 51,300 | 1,216,267 | ||||||
Toshiba Corp. | 820,000 | 3,619,887 | ||||||
TOTO Ltd. | 67,000 | 815,854 | ||||||
Toyota Tsusho Corp. | 82,000 | 2,166,723 | ||||||
74,237,082 | ||||||||
Commercial & Professional Services 0.2% | ||||||||
Dai Nippon Printing Co., Ltd. | 68,000 | 714,463 | ||||||
Park24 Co., Ltd. | 25,000 | 435,578 | ||||||
Secom Co., Ltd. | 34,700 | 2,124,053 | ||||||
Toppan Printing Co., Ltd. | 125,000 | 919,286 | ||||||
4,193,380 | ||||||||
Consumer Durables & Apparel 0.7% | ||||||||
Asics Corp. | 12,100 | 248,208 | ||||||
Bandai Namco Holdings, Inc. | 50,300 | 1,407,054 | ||||||
Casio Computer Co., Ltd. | 47,000 | 819,791 | ||||||
Haseko Corp. | 84,000 | 696,193 | ||||||
Iida Group Holdings Co., Ltd. | 13,500 | 193,628 | ||||||
Nikon Corp. | 82,000 | 1,192,290 | ||||||
Panasonic Corp. | 357,500 | 4,373,899 | ||||||
Rinnai Corp. | 3,600 | 319,854 | ||||||
Sega Sammy Holdings, Inc. | 37,700 | 719,633 | ||||||
Sekisui Chemical Co., Ltd. | 81,000 | 959,041 | ||||||
Sekisui House Ltd. | 100,200 | 1,261,603 | ||||||
Sharp Corp. * | 284,000 | 896,684 | ||||||
Shimano, Inc. | 9,900 | 1,182,644 | ||||||
Sony Corp. | 164,000 | 3,141,551 | ||||||
Sumitomo Forestry Co., Ltd. | 82,000 | 917,206 | ||||||
Wacoal Holdings Corp. | 21,000 | 208,817 | ||||||
Yamaha Corp. | 17,200 | 247,027 | ||||||
18,785,123 | ||||||||
Consumer Services 0.1% | ||||||||
Benesse Holdings, Inc. | 8,600 | 305,059 | ||||||
Oriental Land Co., Ltd. | 10,100 | 1,968,277 | ||||||
2,273,336 | ||||||||
Diversified Financials 0.5% | ||||||||
Aiful Corp. * | 68,300 | 302,431 | ||||||
Credit Saison Co., Ltd. | 47,300 | 941,128 | ||||||
Daiwa Securities Group, Inc. | 255,000 | 2,076,869 | ||||||
Japan Exchange Group, Inc. | 50,000 | 1,187,852 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 164,000 | 876,161 | ||||||
Nomura Holdings, Inc. | 574,000 | 3,687,612 | ||||||
Okasan Securities Group, Inc. | 17,000 | 129,605 | ||||||
Orient Corp. * | 68,300 | 157,790 | ||||||
ORIX Corp. | 212,300 | 3,208,461 | ||||||
SBI Holdings, Inc. | 82,000 | 972,460 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 19,400 | 141,926 | ||||||
13,682,295 | ||||||||
Energy 0.2% | ||||||||
Cosmo Oil Co., Ltd. | 125,000 | 234,635 | ||||||
Idemitsu Kosan Co., Ltd. | 8,400 | 184,520 | ||||||
Inpex Corp. | 164,000 | 2,352,216 | ||||||
Japan Petroleum Exploration Co. | 6,900 | 268,999 | ||||||
JX Holdings, Inc. | 492,000 | 2,532,816 | ||||||
Showa Shell Sekiyu K.K. | 82,000 | 880,897 | ||||||
6,454,083 | ||||||||
Food & Staples Retailing 0.3% | ||||||||
Aeon Co., Ltd. | 164,000 | 1,774,424 | ||||||
Lawson, Inc. | 10,600 | 762,208 | ||||||
Seven & i Holdings Co., Ltd. | 164,000 | 6,586,995 | ||||||
9,123,627 | ||||||||
Food, Beverage & Tobacco 0.8% | ||||||||
Ajinomoto Co., Inc. | 82,000 | 1,335,159 | ||||||
Asahi Group Holdings Ltd. | 82,000 | 2,589,806 | ||||||
Calbee, Inc. | 6,300 | 217,712 | ||||||
Japan Tobacco, Inc. | 182,000 | 6,243,904 | ||||||
Kewpie Corp. | 82,000 | 1,406,594 | ||||||
Kikkoman Corp. | 46,000 | 1,008,692 | ||||||
Kirin Holdings Co., Ltd. | 164,000 | 2,201,454 | ||||||
MEIJI Holdings Co., Ltd. | 13,100 | 1,080,685 | ||||||
NH Foods Ltd. | 35,000 | 741,878 | ||||||
Nisshin Seifun Group, Inc. | 72,400 | 835,613 | ||||||
Nissin Foods Holdings Co., Ltd. | 17,000 | 975,309 | ||||||
Sapporo Holdings Ltd. | 52,000 | 222,746 | ||||||
Suntory Beverage & Food Ltd. | 20,000 | 734,466 | ||||||
Toyo Suisan Kaisha Ltd. | 7,000 | 219,329 | ||||||
Yakult Honsha Co., Ltd. | 13,000 | 714,540 | ||||||
Yamazaki Baking Co., Ltd. | 20,000 | 263,561 | ||||||
20,791,448 | ||||||||
Health Care Equipment & Services 0.3% | ||||||||
Alfresa Holdings Corp. | 3,600 | 214,160 | ||||||
M3, Inc. | 19,200 | 336,187 | ||||||
Medipal Holdings Corp. | 82,000 | 1,062,444 | ||||||
Miraca Holdings, Inc. | 7,200 | 335,448 | ||||||
Nipro Corp. | 42,200 | 372,909 | ||||||
Olympus Corp. * | 42,300 | 1,512,677 | ||||||
Suzuken Co., Ltd. | 16,600 | 553,680 | ||||||
Sysmex Corp. | 20,000 | 774,895 | ||||||
Terumo Corp. | 82,000 | 2,066,477 | ||||||
7,228,877 | ||||||||
Household & Personal Products 0.3% | ||||||||
Kao Corp. | 93,900 | 4,053,920 | ||||||
Kobayashi Pharmaceutical Co., Ltd. | 3,800 | 243,981 | ||||||
Lion Corp. | 48,000 | 279,078 | ||||||
Pigeon Corp. | 4,300 | 254,560 | ||||||
Shiseido Co., Ltd. | 82,000 | 1,515,522 | ||||||
Unicharm Corp. | 18,600 | 1,223,051 | ||||||
7,570,112 | ||||||||
Insurance 0.4% | ||||||||
MS&AD Insurance Group Holdings, Inc. | 82,000 | 1,852,173 | ||||||
NKSJ Holdings, Inc. | 82,000 | 1,983,597 | ||||||
Sony Financial Holdings, Inc. | 31,300 | 501,957 |
See financial notes 9
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
T&D Holdings, Inc. | 164,000 | 2,037,272 | ||||||
The Dai-ichi Life Insurance Co., Ltd. | 164,000 | 2,353,006 | ||||||
Tokio Marine Holdings, Inc. | 107,200 | 3,272,703 | ||||||
12,000,708 | ||||||||
Materials 1.3% | ||||||||
Air Water, Inc. | 49,000 | 771,661 | ||||||
Asahi Kasei Corp. | 175,000 | 1,405,593 | ||||||
Daicel Corp. | 69,000 | 766,482 | ||||||
Denki Kagaku Kogyo K.K. | 38,000 | 128,758 | ||||||
DIC Corp. | 45,000 | 102,662 | ||||||
Dowa Holdings Co., Ltd. | 16,000 | 143,697 | ||||||
Hitachi Chemical Co., Ltd. | 22,000 | 409,992 | ||||||
Hitachi Metals Ltd. | 50,000 | 852,866 | ||||||
JFE Holdings, Inc. | 85,100 | 1,723,544 | ||||||
JSR Corp. | 82,000 | 1,427,117 | ||||||
Kaneka Corp. | 31,000 | 183,520 | ||||||
Kansai Paint Co., Ltd. | 44,000 | 699,697 | ||||||
Kobe Steel Ltd. | 820,000 | 1,333,975 | ||||||
Kuraray Co. Ltd. | 82,000 | 1,021,399 | ||||||
Maruichi Steel Tube Ltd. | 4,600 | 122,389 | ||||||
Mitsubishi Chemical Holdings Corp. | 410,000 | 2,047,928 | ||||||
Mitsubishi Materials Corp. | 136,000 | 459,508 | ||||||
Mitsui Chemicals, Inc. | 91,000 | 268,922 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 67,000 | 206,382 | ||||||
Nippon Kayaku Co., Ltd. | 14,000 | 172,229 | ||||||
Nippon Paint Co., Ltd. | 48,000 | 1,189,315 | ||||||
Nippon Paper Industries Co., Ltd. | 12,100 | 195,445 | ||||||
Nippon Shokubai Co., Ltd. | 15,000 | 182,221 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 1,282,000 | 3,633,063 | ||||||
Nissan Chemical Industries Ltd. | 11,200 | 202,254 | ||||||
Nitto Denko Corp. | 20,100 | 1,054,483 | ||||||
Oji Holdings Corp. | 121,000 | 492,689 | ||||||
Shin-Etsu Chemical Co., Ltd. | 82,000 | 5,095,943 | ||||||
Sumitomo Chemical Co., Ltd. | 247,000 | 886,856 | ||||||
Sumitomo Metal Mining Co., Ltd. | 105,000 | 1,595,442 | ||||||
Sumitomo Osaka Cement Co., Ltd. | 50,000 | 176,638 | ||||||
Taiheiyo Cement Corp. | 194,000 | 812,341 | ||||||
Taiyo Nippon Sanso Corp. | 18,000 | 162,179 | ||||||
Teijin Ltd. | 131,000 | 321,558 | ||||||
Toray Industries, Inc. | 265,000 | 1,810,882 | ||||||
Tosoh Corp. | 37,000 | 153,150 | ||||||
Toyo Seikan Group Holdings Ltd. | 82,000 | 1,122,433 | ||||||
Toyobo Co., Ltd. | 109,000 | 172,075 | ||||||
Ube Industries Ltd. | 122,000 | 206,690 | ||||||
Zeon Corp. | 28,000 | 283,814 | ||||||
33,997,792 | ||||||||
Media 0.1% | ||||||||
Dentsu, Inc. | 28,400 | 1,155,027 | ||||||
Hakuhodo DY Holdings, Inc. | 164,000 | 1,698,648 | ||||||
Shochiku Co., Ltd. | 28,000 | 260,904 | ||||||
Toho Co., Ltd. | 21,800 | 505,522 | ||||||
3,620,101 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.0% | ||||||||
Astellas Pharma, Inc. | 410,000 | 5,912,115 | ||||||
Chugai Pharmaceutical Co., Ltd. | 45,100 | 1,430,471 | ||||||
Daiichi Sankyo Co., Ltd. | 105,000 | 1,857,727 | ||||||
Eisai Co., Ltd. | 49,100 | 2,053,849 | ||||||
Kaken Pharmaceutical Co., Ltd. | 10,000 | 252,298 | ||||||
KYORIN Holdings, Inc. | 7,400 | 166,328 | ||||||
Mitsubishi Tanabe Pharma Corp. | 82,000 | 1,256,620 | ||||||
Ono Pharmaceutical Co., Ltd. | 13,200 | 1,179,150 | ||||||
Otsuka Holdings Co., Ltd. | 82,000 | 2,985,263 | ||||||
Rohto Pharmaceutical Co., Ltd. | 20,000 | 283,583 | ||||||
Santen Pharmaceutical Co., Ltd. | 8,300 | 479,376 | ||||||
Sawai Pharmaceutical Co., Ltd. | 3,800 | 216,913 | ||||||
Shionogi & Co., Ltd. | 59,400 | 1,400,876 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. | 36,300 | 493,737 | ||||||
Taisho Pharmaceutical Holdings Co., Ltd. | 2,600 | 197,468 | ||||||
Takeda Pharmaceutical Co., Ltd. | 131,200 | 5,998,941 | ||||||
Tsumura & Co. | 8,400 | 215,003 | ||||||
26,379,718 | ||||||||
Real Estate 0.7% | ||||||||
Aeon Mall Co., Ltd. | 8,200 | 178,942 | ||||||
Daito Trust Construction Co., Ltd. | 11,900 | 1,473,682 | ||||||
Daiwa House Industry Co., Ltd. | 111,000 | 2,102,253 | ||||||
Hulic Co., Ltd. | 45,500 | 516,821 | ||||||
Mitsubishi Estate Co., Ltd. | 209,711 | 4,847,870 | ||||||
Mitsui Fudosan Co., Ltd. | 167,000 | 5,329,018 | ||||||
Nomura Real Estate Holdings, Inc. | 6,500 | 117,442 | ||||||
NTT Urban Development Corp. | 82,000 | 940,887 | ||||||
Sumitomo Real Estate Sales Co., Ltd. | 10,700 | 277,890 | ||||||
Sumitomo Realty & Development Co., Ltd. | 57,000 | 2,210,646 | ||||||
Tokyo Tatemono Co., Ltd. | 67,000 | 574,000 | ||||||
Tokyu Fudosan Holdings Corp. | 82,000 | 629,889 | ||||||
19,199,340 | ||||||||
Retailing 0.4% | ||||||||
Aoyama Trading Co., Ltd. | 19,100 | 473,065 | ||||||
Don Quijote Holdings Co., Ltd. | 11,100 | 588,738 | ||||||
Fast Retailing Co., Ltd. | 8,700 | 2,725,947 | ||||||
Isetan Mitsukoshi Holdings Ltd. | 121,700 | 1,464,360 | ||||||
J Front Retailing Co., Ltd. | 37,000 | 469,423 | ||||||
Marui Group Co., Ltd. | 82,000 | 689,878 | ||||||
Nitori Holdings Co., Ltd. | 13,000 | 780,864 | ||||||
Ryohin Keikaku Co., Ltd. | 2,800 | 314,810 | ||||||
Sanrio Co., Ltd. | 11,900 | 340,327 | ||||||
Shimamura Co., Ltd. | 2,900 | 261,847 | ||||||
Start Today Co., Ltd. | 5,300 | 126,269 | ||||||
Takashimaya Co., Ltd. | 65,000 | 556,240 | ||||||
USS Co., Ltd. | 82,000 | 1,353,708 | ||||||
Yamada Denki Co., Ltd. | 84,300 | 271,032 | ||||||
10,416,508 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Advantest Corp. | 72,400 | 841,885 | ||||||
Disco Corp. | 4,400 | 281,658 | ||||||
Rohm Co., Ltd. | 13,500 | 862,877 | ||||||
Sumco Corp. | 18,400 | 158,699 | ||||||
Tokyo Electron Ltd. | 24,400 | 1,674,894 | ||||||
3,820,013 | ||||||||
Software & Services 0.4% | ||||||||
Fujitsu Ltd. | 290,000 | 1,992,328 | ||||||
Gree, Inc. (a) | 13,200 | 103,684 | ||||||
Kakaku.com, Inc. | 17,900 | 281,031 | ||||||
Konami Corp. | 24,500 | 568,133 | ||||||
Nexon Co., Ltd. | 24,900 | 217,637 | ||||||
Nintendo Co., Ltd. | 20,800 | 2,308,553 |
10 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Nomura Research Institute Ltd. | 23,700 | 749,430 | ||||||
NTT Data Corp. | 17,300 | 621,158 | ||||||
Obic Co., Ltd. | 19,400 | 665,746 | ||||||
Otsuka Corp. | 14,500 | 615,536 | ||||||
Square Enix Holdings Co., Ltd. | 6,700 | 154,142 | ||||||
Trend Micro, Inc. | 17,000 | 548,202 | ||||||
Yahoo Japan Corp. | 246,000 | 992,193 | ||||||
9,817,773 | ||||||||
Technology Hardware & Equipment 1.5% | ||||||||
Alps Electric Co., Ltd. | 34,300 | 552,379 | ||||||
Anritsu Corp. | 14,500 | 123,666 | ||||||
Azbil Corp. | 7,200 | 182,556 | ||||||
Brother Industries Ltd. | 82,000 | 1,592,087 | ||||||
Canon, Inc. | 182,300 | 5,964,650 | ||||||
Citizen Holdings Co., Ltd. | 32,700 | 232,616 | ||||||
FUJIFILM Holdings Corp. | 82,000 | 2,474,958 | ||||||
Hirose Electric Co., Ltd. | 4,200 | 542,966 | ||||||
Hitachi Ltd. | 820,000 | 6,208,115 | ||||||
Hoya Corp. | 82,000 | 2,654,137 | ||||||
Ibiden Co., Ltd. | 6,600 | 129,795 | ||||||
Keyence Corp. | 8,500 | 3,643,091 | ||||||
Konica Minolta, Inc. | 70,000 | 770,179 | ||||||
Kyocera Corp. | 45,000 | 2,107,162 | ||||||
Murata Manufacturing Co., Ltd. | 34,700 | 3,318,186 | ||||||
NEC Corp. | 446,000 | 1,588,487 | ||||||
Omron Corp. | 32,700 | 1,418,044 | ||||||
Ricoh Co., Ltd. | 108,000 | 1,170,082 | ||||||
Seiko Epson Corp. | 29,200 | 1,481,292 | ||||||
Shimadzu Corp. | 29,000 | 254,310 | ||||||
Taiyo Yuden Co., Ltd. | 17,700 | 178,900 | ||||||
TDK Corp. | 20,800 | 1,037,147 | ||||||
Yaskawa Electric Corp. | 44,000 | 566,280 | ||||||
Yokogawa Electric Corp. | 83,000 | 961,149 | ||||||
39,152,234 | ||||||||
Telecommunication Services 0.9% | ||||||||
KDDI Corp. | 86,900 | 5,018,175 | ||||||
Nippon Telegraph & Telephone Corp. | 57,100 | 3,836,531 | ||||||
NTT DOCOMO, Inc. | 246,000 | 4,258,853 | ||||||
SoftBank Corp. | 152,400 | 11,011,353 | ||||||
24,124,912 | ||||||||
Transportation 1.0% | ||||||||
Central Japan Railway Co. | 31,200 | 4,378,842 | ||||||
East Japan Railway Co. | 82,000 | 6,380,190 | ||||||
Hankyu Hanshin Holdings, Inc. | 169,000 | 997,228 | ||||||
Japan Airlines Co., Ltd. | 4,670 | 262,978 | ||||||
Kawasaki Kisen Kaisha Ltd. | 135,000 | 324,878 | ||||||
Keikyu Corp. | 100,000 | 880,782 | ||||||
Keio Corp. | 145,000 | 1,120,807 | ||||||
Kintetsu Corp. | 332,000 | 1,166,482 | ||||||
Mitsui OSK Lines Ltd. | 211,000 | 773,846 | ||||||
Nagoya Railroad Co., Ltd. | 100,000 | 413,919 | ||||||
Nippon Express Co., Ltd. | 108,000 | 494,855 | ||||||
Nippon Yusen K.K. | 320,000 | 942,581 | ||||||
Odakyu Electric Railway Co., Ltd. | 90,000 | 888,867 | ||||||
Tobu Railway Co., Ltd. | 229,000 | 1,201,376 | ||||||
Tokyu Corp. | 192,000 | 1,334,399 | ||||||
West Japan Railway Co. | 47,400 | 2,245,095 | ||||||
Yamato Holdings Co., Ltd. | 82,000 | 1,696,674 | ||||||
25,503,799 | ||||||||
Utilities 0.5% | ||||||||
Chubu Electric Power Co., Inc. * | 164,000 | 1,896,771 | ||||||
Electric Power Development Co., Ltd. | 11,000 | 361,072 | ||||||
Hokuriku Electric Power Co. | 82,000 | 1,063,234 | ||||||
Kyushu Electric Power Co., Inc. * | 82,000 | 833,537 | ||||||
Osaka Gas Co., Ltd. | 281,000 | 1,157,703 | ||||||
The Chugoku Electric Power Co., Inc. | 82,600 | 1,090,891 | ||||||
The Kansai Electric Power Co., Inc. * | 164,000 | 1,502,419 | ||||||
Toho Gas Co., Ltd. | 135,000 | 778,409 | ||||||
Tohoku Electric Power Co., Inc. | 82,000 | 906,945 | ||||||
Tokyo Electric Power Co., Inc. * | 246,000 | 890,369 | ||||||
Tokyo Gas Co., Ltd. | 352,000 | 2,002,183 | ||||||
12,483,533 | ||||||||
501,425,623 | ||||||||
Netherlands 2.4% | ||||||||
Banks 0.3% | ||||||||
ING Groep N.V. CVA * | 596,140 | 8,217,492 | ||||||
Capital Goods 0.2% | ||||||||
Koninklijke Boskalis Westminster N.V. | 6,560 | 378,425 | ||||||
Koninklijke Philips N.V. | 182,040 | 5,560,571 | ||||||
5,938,996 | ||||||||
Commercial & Professional Services 0.0% | ||||||||
Randstad Holding N.V. | 23,780 | 1,157,229 | ||||||
Energy 0.1% | ||||||||
Fugro N.V. CVA | 13,940 | 506,877 | ||||||
Koninklijke Vopak N.V. | 17,539 | 901,455 | ||||||
SBM Offshore N.V. * | 28,402 | 436,026 | ||||||
1,844,358 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Koninklijke Ahold N.V. | 107,924 | 1,848,048 | ||||||
Food, Beverage & Tobacco 0.6% | ||||||||
Heineken Holding N.V. | 18,040 | 1,248,233 | ||||||
Heineken N.V. | 45,100 | 3,439,592 | ||||||
Unilever N.V. CVA | 264,905 | 11,038,494 | ||||||
15,726,319 | ||||||||
Insurance 0.1% | ||||||||
Aegon N.V. | 330,460 | 2,618,656 | ||||||
Materials 0.3% | ||||||||
Akzo Nobel N.V. | 37,720 | 2,672,545 | ||||||
ArcelorMittal | 162,360 | 2,368,507 | ||||||
Koninklijke DSM N.V. | 30,340 | 2,030,963 | ||||||
7,072,015 | ||||||||
Media 0.2% | ||||||||
Altice S.A. * | 6,723 | 430,379 | ||||||
Reed Elsevier N.V. | 113,980 | 2,604,833 | ||||||
Wolters Kluwer N.V. | 49,200 | 1,366,116 | ||||||
4,401,328 | ||||||||
Real Estate 0.2% | ||||||||
Unibail-Rodamco SE | 18,040 | 4,857,013 | ||||||
Semiconductors & Semiconductor Equipment 0.2% | ||||||||
ASML Holding N.V. | 59,040 | 5,662,252 |
See financial notes 11
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Software & Services 0.0% | ||||||||
Gemalto N.V. | 12,300 | 1,207,178 | ||||||
Telecommunication Services 0.1% | ||||||||
Koninklijke KPN N.V. * | 494,803 | 1,645,681 | ||||||
Ziggo N.V. | 16,400 | 781,995 | ||||||
2,427,676 | ||||||||
Transportation 0.0% | ||||||||
TNT Express N.V. | 73,800 | 552,927 | ||||||
63,531,487 | ||||||||
New Zealand 0.2% | ||||||||
Consumer Services 0.0% | ||||||||
SKYCITY Entertainment Group Ltd. | 152,520 | 482,610 | ||||||
Health Care Equipment & Services 0.0% | ||||||||
Ryman Healthcare Ltd. | 31,980 | 215,770 | ||||||
Materials 0.0% | ||||||||
Fletcher Building Ltd. | 85,280 | 656,769 | ||||||
Real Estate 0.0% | ||||||||
Kiwi Income Property Trust | 418,200 | 418,340 | ||||||
Telecommunication Services 0.1% | ||||||||
Spark New Zealand Ltd. | 326,360 | 801,830 | ||||||
Transportation 0.1% | ||||||||
Auckland International Airport Ltd. | 428,040 | 1,315,006 | ||||||
Utilities 0.0% | ||||||||
Contact Energy Ltd. | 111,387 | 517,494 | ||||||
4,407,819 | ||||||||
Norway 0.7% | ||||||||
Banks 0.1% | ||||||||
DNB A.S.A. | 190,240 | 3,560,148 | ||||||
Energy 0.3% | ||||||||
Aker Solutions A.S.A. | 22,995 | 349,176 | ||||||
Seadrill Ltd. | 57,400 | 2,120,488 | ||||||
Statoil A.S.A. | 160,720 | 4,527,177 | ||||||
Subsea 7 S.A. | 56,580 | 944,344 | ||||||
7,941,185 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Orkla A.S.A. | 164,000 | 1,486,758 | ||||||
Insurance 0.0% | ||||||||
Gjensidige Forsikring A.S.A. | 36,080 | 752,884 | ||||||
Materials 0.1% | ||||||||
Norsk Hydro A.S.A. | 137,760 | 811,770 | ||||||
Yara International A.S.A. | 29,127 | 1,466,440 | ||||||
2,278,210 | ||||||||
Media 0.0% | ||||||||
Schibsted A.S.A. | 14,760 | 751,476 | ||||||
Telecommunication Services 0.1% | ||||||||
Telenor A.S.A. | 105,780 | 2,433,358 | ||||||
19,204,019 | ||||||||
Portugal 0.1% | ||||||||
Banks 0.0% | ||||||||
Banco Espirito Santo S.A. - Reg’d *(b)(c) | 505,213 | — | ||||||
Energy 0.0% | ||||||||
Galp Energia, SGPS, S.A. | 62,320 | 1,108,187 | ||||||
Food & Staples Retailing 0.0% | ||||||||
Jeronimo Martins, SGPS, S.A. | 55,760 | 757,239 | ||||||
Telecommunication Services 0.0% | ||||||||
Portugal Telecom, SGPS, S.A. - Reg’d | 31,160 | 65,301 | ||||||
Utilities 0.1% | ||||||||
EDP - Energias de Portugal S.A. | 415,740 | 2,017,406 | ||||||
3,948,133 | ||||||||
Republic of Korea 4.0% | ||||||||
Automobiles & Components 0.5% | ||||||||
Hankook Tire Co., Ltd. | 7,937 | 411,742 | ||||||
Hyundai Mobis Co., Ltd. | 10,316 | 2,991,177 | ||||||
Hyundai Motor Co. | 25,146 | 5,778,409 | ||||||
Hyundai Wia Corp. | 2,062 | 453,500 | ||||||
Kia Motors Corp. | 44,164 | 2,665,651 | ||||||
12,300,479 | ||||||||
Banks 0.4% | ||||||||
BS Financial Group, Inc. | 24,800 | 410,908 | ||||||
Hana Financial Group, Inc. | 45,828 | 1,923,153 | ||||||
KB Financial Group, Inc. ADR | 82,000 | 3,336,580 | ||||||
Kwangju Bank * | 1,977 | 22,130 | ||||||
Kyongnam Bank * | 3,021 | 40,520 | ||||||
Shinhan Financial Group Co., Ltd. ADR | 96,888 | 5,010,079 | ||||||
10,743,370 | ||||||||
Capital Goods 0.4% | ||||||||
CJ Corp. | 1,000 | 176,537 | ||||||
Daelim Industrial Co., Ltd. | 3,415 | 294,365 | ||||||
Daewoo Engineering & Construction Co., Ltd. * | 75,000 | 630,209 | ||||||
Daewoo International Corp. | 5,027 | 184,679 | ||||||
Daewoo Shipbuilding & Marine Engineering Co., Ltd. | 15,280 | 374,484 | ||||||
Doosan Corp. | 1,746 | 207,498 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 14,480 | 412,001 | ||||||
GS Engineering & Construction Corp. * | 5,464 | 198,578 | ||||||
Hyundai Development Co-Engineering & Construction | 6,700 | 272,242 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 20,409 | 1,286,193 | ||||||
Hyundai Heavy Industries Co., Ltd. | 7,964 | 1,131,038 | ||||||
Hyundai Mipo Dockyard | 1,366 | 173,790 | ||||||
KCC Corp. | 1,332 | 897,239 | ||||||
KEPCO Engineering & Construction Co., Inc. | 2,732 | 161,665 | ||||||
LG Corp. | 13,525 | 945,730 | ||||||
LG Hausys Ltd. | 1,709 | 348,896 | ||||||
Neo Holdings Co., Ltd. *(b)(c) | 1,746 | — |
12 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Samsung C&T Corp. | 17,316 | 1,274,001 | ||||||
Samsung Engineering Co., Ltd. * | 6,147 | 387,389 | ||||||
Samsung Heavy Industries Co., Ltd. | 28,686 | 770,939 | ||||||
Samsung Techwin Co., Ltd. | 4,690 | 197,276 | ||||||
SK Holdings Co., Ltd. | 3,220 | 509,700 | ||||||
10,834,449 | ||||||||
Commercial & Professional Services 0.0% | ||||||||
S-1 Corp. | 6,932 | 505,911 | ||||||
Consumer Durables & Apparel 0.1% | ||||||||
Coway Co., Ltd. | 10,500 | 881,256 | ||||||
LG Electronics, Inc. | 14,304 | 1,066,505 | ||||||
1,947,761 | ||||||||
Consumer Services 0.0% | ||||||||
Kangwon Land, Inc. | 24,840 | 883,162 | ||||||
Diversified Financials 0.1% | ||||||||
Daewoo Securities Co., Ltd. * | 53,600 | 623,778 | ||||||
Korea Investment Holdings Co., Ltd. | 13,000 | 652,596 | ||||||
Samsung Card Co., Ltd. | 6,960 | 334,632 | ||||||
Samsung Securities Co., Ltd. | 14,820 | 724,228 | ||||||
2,335,234 | ||||||||
Energy 0.1% | ||||||||
GS Holdings | 14,877 | 631,643 | ||||||
S-Oil Corp. | 3,415 | 157,792 | ||||||
SK Innovation Co., Ltd. | 9,562 | 887,405 | ||||||
1,676,840 | ||||||||
Food & Staples Retailing 0.0% | ||||||||
E-Mart Co., Ltd. | 3,079 | 740,940 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
CJ CheilJedang Corp. | 1,700 | 633,759 | ||||||
KT&G Corp. | 18,630 | 1,743,663 | ||||||
Lotte Confectionery Co., Ltd. | 300 | 642,043 | ||||||
Orion Corp. | 464 | 399,499 | ||||||
3,418,964 | ||||||||
Household & Personal Products 0.1% | ||||||||
Amorepacific Corp. | 704 | 1,465,003 | ||||||
AMOREPACIFIC Group | 700 | 730,411 | ||||||
LG Household & Health Care Ltd. | 1,120 | 566,655 | ||||||
2,762,069 | ||||||||
Insurance 0.2% | ||||||||
Dongbu Insurance Co., Ltd. | 12,977 | 783,266 | ||||||
Hanwha Life Insurance Co., Ltd. | 20,000 | 137,285 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 6,000 | 184,329 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 6,700 | 1,833,670 | ||||||
Samsung Life Insurance Co., Ltd. | 13,416 | 1,409,146 | ||||||
4,347,696 | ||||||||
Materials 0.4% | ||||||||
Hanwha Chemical Corp. | 9,562 | 154,659 | ||||||
Hyosung Corp. | 7,728 | 597,540 | ||||||
Korea Zinc Co., Ltd. | 1,524 | 632,025 | ||||||
Kumho Petro Chemical Co., Ltd. | 4,781 | 383,348 | ||||||
LG Chem Ltd. | 7,620 | 2,025,337 | ||||||
OCI Co., Ltd. * | 3,415 | 490,046 | ||||||
POSCO ADR | 64,148 | 5,311,454 | ||||||
Samsung Fine Chemicals Co., Ltd. | 4,781 | 188,609 | ||||||
9,783,018 | ||||||||
Media 0.0% | ||||||||
Cheil Worldwide, Inc. * | 10,000 | 226,343 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Celltrion, Inc. * | 12,586 | 516,995 | ||||||
Yuhan Corp. | 1,366 | 233,067 | ||||||
750,062 | ||||||||
Retailing 0.0% | ||||||||
Hyundai Department Store Co., Ltd. | 2,016 | 315,140 | ||||||
Lotte Shopping Co., Ltd. | 2,388 | 781,908 | ||||||
1,097,048 | ||||||||
Semiconductors & Semiconductor Equipment 1.0% | ||||||||
Samsung Electronics Co., Ltd. GDR - Reg’d | 34,879 | 21,241,311 | ||||||
SK Hynix, Inc. * | 92,560 | 4,144,410 | ||||||
25,385,721 | ||||||||
Software & Services 0.2% | ||||||||
Daum Communications Corp. | 3,350 | 545,475 | ||||||
NAVER Corp. | 4,748 | 3,596,296 | ||||||
NCSoft Corp. | 2,010 | 287,440 | ||||||
SK C&C Co., Ltd. | 2,800 | 586,814 | ||||||
5,016,025 | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
LG Display Co., Ltd. ADR * | 82,000 | 1,415,320 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 10,245 | 554,712 | ||||||
Samsung SDI Co., Ltd. | 11,303 | 1,688,845 | ||||||
3,658,877 | ||||||||
Telecommunication Services 0.1% | ||||||||
KT Corp. ADR | 56,580 | 967,518 | ||||||
LG Uplus Corp. | 37,570 | 405,732 | ||||||
SK Telecom Co., Ltd. ADR | 82,000 | 2,453,440 | ||||||
3,826,690 | ||||||||
Transportation 0.1% | ||||||||
CJ Korea Express Co., Ltd. * | 3,145 | 482,319 | ||||||
Hyundai Glovis Co., Ltd. | 2,135 | 636,952 | ||||||
Korean Air Lines Co., Ltd. * | 4,781 | 171,870 | ||||||
1,291,141 | ||||||||
Utilities 0.1% | ||||||||
Korea Electric Power Corp. ADR | 82,000 | 1,712,160 | ||||||
Korea Gas Corp. * | 3,633 | 202,082 | ||||||
1,914,242 | ||||||||
105,446,042 | ||||||||
Singapore 1.3% | ||||||||
Banks 0.4% | ||||||||
DBS Group Holdings Ltd. | 258,000 | 3,704,764 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 362,000 | 2,900,757 | ||||||
United Overseas Bank Ltd. | 188,000 | 3,454,337 | ||||||
10,059,858 | ||||||||
Capital Goods 0.1% | ||||||||
COSCO Corp. Singapore Ltd. (a) | 217,000 | 126,066 | ||||||
Keppel Corp., Ltd. | 185,000 | 1,615,850 | ||||||
Noble Group Ltd. | 820,181 | 893,823 |
See financial notes 13
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Singapore Technologies Engineering Ltd. | 432,000 | 1,266,974 | ||||||
3,902,713 | ||||||||
Consumer Services 0.0% | ||||||||
Genting Singapore plc | 1,020,000 | 997,155 | ||||||
Diversified Financials 0.0% | ||||||||
Singapore Exchange Ltd. | 32,000 | 186,674 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Olam International Ltd. | 820,000 | 1,741,256 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Golden Agri-Resources Ltd. | 1,640,000 | 670,219 | ||||||
Indofood Agri Resources Ltd. | 820,000 | 568,372 | ||||||
Wilmar International Ltd. | 266,000 | 673,553 | ||||||
1,912,144 | ||||||||
Media 0.0% | ||||||||
Singapore Press Holdings Ltd. (a) | 270,000 | 897,873 | ||||||
Real Estate 0.3% | ||||||||
CapitaCommercial Trust | 820,000 | 1,117,032 | ||||||
CapitaLand Ltd. | 820,000 | 2,181,498 | ||||||
CapitaMall Trust | 820,000 | 1,314,155 | ||||||
City Developments Ltd. | 84,000 | 675,123 | ||||||
Global Logistic Properties Ltd. | 65,000 | 148,443 | ||||||
Wing Tai Holdings Ltd. | 892,000 | 1,336,624 | ||||||
6,772,875 | ||||||||
Technology Hardware & Equipment 0.0% | ||||||||
Venture Corp., Ltd. | 73,000 | 469,722 | ||||||
Telecommunication Services 0.2% | ||||||||
Singapore Telecommunications Ltd. | 1,299,000 | 4,049,129 | ||||||
Transportation 0.1% | ||||||||
ComfortDelGro Corp., Ltd. | 820,000 | 1,649,265 | ||||||
Hutchison Port Holdings Trust | 820,000 | 590,400 | ||||||
Singapore Post Ltd. | 820,000 | 1,133,459 | ||||||
3,373,124 | ||||||||
34,362,523 | ||||||||
Spain 3.0% | ||||||||
Banks 1.4% | ||||||||
Banco Bilbao Vizcaya Argentaria S.A. | 927,420 | 11,250,916 | ||||||
Banco de Sabadell S.A. | 606,438 | 1,913,925 | ||||||
Banco Popular Espanol S.A. | 259,473 | 1,623,787 | ||||||
Banco Santander S.A. | 1,951,600 | 19,511,219 | ||||||
Bankia S.A. * | 737,483 | 1,429,920 | ||||||
Bankinter S.A. | 95,120 | 789,465 | ||||||
CaixaBank S.A. | 305,040 | 1,839,435 | ||||||
38,358,667 | ||||||||
Capital Goods 0.1% | ||||||||
ACS, Actividades de Construccion y Servicios S.A. | 32,800 | 1,384,910 | ||||||
Ferrovial S.A. | 82,820 | 1,689,812 | ||||||
Zardoya Otis S.A. | 24,646 | 358,399 | ||||||
3,433,121 | ||||||||
Diversified Financials 0.0% | ||||||||
Corporacion Financiera Alba S.A. | 6,560 | 390,393 | ||||||
Energy 0.2% | ||||||||
Repsol S.A. | 177,120 | 4,407,084 | ||||||
Food & Staples Retailing 0.0% | ||||||||
Distribuidora Internacional de Alimentacion S.A. | 90,200 | 761,344 | ||||||
Insurance 0.0% | ||||||||
Mapfre S.A. | 121,360 | 456,068 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Grifols S.A. | 39,360 | 1,836,868 | ||||||
Retailing 0.2% | ||||||||
Inditex S.A. | 192,800 | 5,599,735 | ||||||
Software & Services 0.1% | ||||||||
Amadeus IT Holding S.A., A Shares | 63,960 | 2,384,222 | ||||||
Telecommunication Services 0.4% | ||||||||
Telefonica S.A. | 657,797 | 10,458,056 | ||||||
Transportation 0.1% | ||||||||
Abertis Infraestructuras S.A. | 61,500 | 1,296,935 | ||||||
Utilities 0.4% | ||||||||
Acciona S.A. * | 5,381 | 431,509 | ||||||
Enagas S.A. | 36,900 | 1,233,101 | ||||||
Gas Natural SDG S.A. | 87,740 | 2,696,853 | ||||||
Iberdrola S.A. | 781,460 | 5,748,860 | ||||||
Red Electrica Corp. S.A. | 13,175 | 1,112,225 | ||||||
11,222,548 | ||||||||
80,605,041 | ||||||||
Sweden 2.5% | ||||||||
Banks 0.7% | ||||||||
Nordea Bank AB | 514,960 | 6,729,475 | ||||||
Skandinaviska Enskilda Banken AB, A Shares | 268,140 | 3,509,812 | ||||||
Svenska Handelsbanken AB, A Shares | 97,580 | 4,585,578 | ||||||
Swedbank AB, A Shares | 143,500 | 3,664,049 | ||||||
18,488,914 | ||||||||
Capital Goods 0.6% | ||||||||
Alfa Laval AB | 58,220 | 1,332,890 | ||||||
Assa Abloy AB, B Shares | 47,890 | 2,425,671 | ||||||
Atlas Copco AB, A Shares | 110,700 | 3,231,479 | ||||||
Atlas Copco AB, B Shares | 71,340 | 1,906,494 | ||||||
Sandvik AB | 152,520 | 1,906,705 | ||||||
Skanska AB, B Shares | 71,340 | 1,479,758 | ||||||
SKF AB, B Shares | 77,080 | 1,782,363 | ||||||
Volvo AB, B Shares | 241,080 | 2,885,871 | ||||||
16,951,231 | ||||||||
Commercial & Professional Services 0.0% | ||||||||
Securitas AB, B Shares | 81,180 | 889,093 | ||||||
Consumer Durables & Apparel 0.1% | ||||||||
Electrolux AB, Series B | 50,020 | 1,272,160 | ||||||
Husqvarna AB, B Shares | 23,076 | 175,108 | ||||||
1,447,268 | ||||||||
Diversified Financials 0.2% | ||||||||
Industrivarden AB, A Shares | 47,560 | 922,376 | ||||||
Investment AB Kinnevik, B Shares | 22,960 | 934,044 | ||||||
Investor AB, B Shares | 88,560 | 3,290,233 | ||||||
5,146,653 | ||||||||
Energy 0.0% | ||||||||
Lundin Petroleum AB * | 32,825 | 613,063 |
14 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Swedish Match AB | 54,232 | 1,815,707 | ||||||
Health Care Equipment & Services 0.0% | ||||||||
Elekta AB, B Shares | 22,960 | 262,330 | ||||||
Getinge AB, B Shares | 34,440 | 902,591 | ||||||
1,164,921 | ||||||||
Household & Personal Products 0.1% | ||||||||
Svenska Cellulosa AB SCA, B Shares | 94,300 | 2,272,534 | ||||||
Materials 0.0% | ||||||||
Boliden AB | 31,160 | 494,805 | ||||||
Holmen AB, B Shares | 9,020 | 288,407 | ||||||
783,212 | ||||||||
Media 0.0% | ||||||||
Modern Times Group AB, B Shares | 7,385 | 279,033 | ||||||
Retailing 0.3% | ||||||||
Hennes & Mauritz AB, B Shares | 154,536 | 6,590,433 | ||||||
Technology Hardware & Equipment 0.3% | ||||||||
Hexagon AB, B Shares | 40,180 | 1,317,575 | ||||||
Telefonaktiebolaget LM Ericsson, B Shares | 462,480 | 5,781,622 | ||||||
7,099,197 | ||||||||
Telecommunication Services 0.1% | ||||||||
Tele2 AB, B Shares | 74,620 | 930,710 | ||||||
TeliaSonera AB | 352,600 | 2,579,537 | ||||||
3,510,247 | ||||||||
67,051,506 | ||||||||
Switzerland 7.7% | ||||||||
Banks 0.0% | ||||||||
Banque Cantonale Vaudoise - Reg’d | 820 | 447,224 | ||||||
Capital Goods 0.6% | ||||||||
ABB Ltd. - Reg’d * | 420,660 | 9,567,449 | ||||||
Geberit AG - Reg’d | 8,200 | 2,788,994 | ||||||
Schindler Holding AG | 9,840 | 1,425,744 | ||||||
Schindler Holding AG - Reg’d | 7,420 | 1,081,586 | ||||||
Sulzer AG - Reg’d | 2,460 | 327,158 | ||||||
15,190,931 | ||||||||
Commercial & Professional Services 0.2% | ||||||||
Adecco S.A. - Reg’d * | 27,880 | 2,115,696 | ||||||
DKSH Holding AG | 6,560 | 515,717 | ||||||
SGS S.A. - Reg’d | 820 | 1,823,814 | ||||||
4,455,227 | ||||||||
Consumer Durables & Apparel 0.5% | ||||||||
Cie Financiere Richemont S.A. - Reg’d | 82,820 | 7,917,116 | ||||||
The Swatch Group AG | 5,740 | 3,119,913 | ||||||
The Swatch Group AG - Reg’d | 11,936 | 1,225,074 | ||||||
12,262,103 | ||||||||
Diversified Financials 0.8% | ||||||||
Credit Suisse Group AG - Reg’d * | 211,414 | 5,974,116 | ||||||
GAM Holding AG * | 31,160 | 607,311 | ||||||
Julius Baer Group Ltd. * | 48,568 | 2,212,964 | ||||||
Pargesa Holding S.A. | 4,100 | 352,989 | ||||||
UBS AG - Reg’d * | 625,830 | 11,247,652 | ||||||
20,395,032 | ||||||||
Energy 0.1% | ||||||||
Transocean Ltd. | 56,580 | 2,182,023 | ||||||
Food, Beverage & Tobacco 1.6% | ||||||||
Aryzta AG * | 15,580 | 1,426,416 | ||||||
Lindt & Spruengli AG - Reg’d | 14 | 879,347 | ||||||
Nestle S.A. - Reg’d | 521,520 | 40,572,474 | ||||||
42,878,237 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Sonova Holding AG - Reg’d | 9,020 | 1,445,800 | ||||||
Insurance 0.5% | ||||||||
Baloise Holding AG - Reg’d | 7,380 | 964,553 | ||||||
Swiss Life Holding AG - Reg’d * | 2,959 | 747,625 | ||||||
Swiss Re AG * | 62,320 | 5,120,467 | ||||||
Zurich Insurance Group AG * | 24,600 | 7,440,302 | ||||||
14,272,947 | ||||||||
Materials 0.5% | ||||||||
Clariant AG - Reg’d * | 13,140 | 231,853 | ||||||
Givaudan S.A. - Reg’d * | 2,460 | 4,093,509 | ||||||
Holcim Ltd. - Reg’d * | 35,260 | 2,810,482 | ||||||
Sika AG | 48 | 181,864 | ||||||
Syngenta AG - Reg’d | 16,400 | 5,900,311 | ||||||
13,218,019 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 2.7% | ||||||||
Actelion Ltd. - Reg’d * | 18,860 | 2,320,819 | ||||||
Galenica AG - Reg’d | 445 | 422,722 | ||||||
Lonza Group AG - Reg’d * | 6,560 | 752,804 | ||||||
Novartis AG - Reg’d | 389,500 | 35,022,465 | ||||||
Roche Holding AG | 114,800 | 33,555,670 | ||||||
72,074,480 | ||||||||
Real Estate 0.0% | ||||||||
Swiss Prime Site AG - Reg’d * | 12,300 | 984,430 | ||||||
Telecommunication Services 0.1% | ||||||||
Swisscom AG - Reg’d | 4,524 | 2,632,846 | ||||||
Transportation 0.0% | ||||||||
Kuehne & Nagel International AG - Reg’d | 8,200 | 1,107,539 | ||||||
203,546,838 | ||||||||
United Kingdom 18.5% | ||||||||
Automobiles & Components 0.1% | ||||||||
GKN plc | 269,780 | 1,572,161 | ||||||
Banks 2.4% | ||||||||
Barclays plc | 2,557,163 | 9,531,955 | ||||||
HSBC Holdings plc | 3,163,560 | 34,255,289 | ||||||
Lloyds Banking Group plc * | 8,849,440 | 11,209,171 | ||||||
Royal Bank of Scotland Group plc * | 323,140 | 1,946,982 | ||||||
Standard Chartered plc | 341,440 | 6,878,269 | ||||||
63,821,666 | ||||||||
Capital Goods 0.8% | ||||||||
Ashtead Group plc | 84,460 | 1,373,914 | ||||||
BAE Systems plc | 553,500 | 4,091,468 | ||||||
Bunzl plc | 44,280 | 1,210,435 | ||||||
Cobham plc | 159,900 | 788,960 | ||||||
IMI plc | 53,751 | 1,210,459 |
See financial notes 15
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Meggitt plc | 104,960 | 822,056 | ||||||
Melrose Industries plc | 242,720 | 1,099,246 | ||||||
Rolls-Royce Holdings plc * | 289,460 | 4,908,155 | ||||||
Smiths Group plc | 75,440 | 1,648,776 | ||||||
The Weir Group plc | 29,520 | 1,296,719 | ||||||
Travis Perkins plc | 40,180 | 1,163,085 | ||||||
Wolseley plc | 49,259 | 2,648,905 | ||||||
22,262,178 | ||||||||
Commercial & Professional Services 0.4% | ||||||||
Aggreko plc | 42,111 | 1,190,307 | ||||||
Babcock International Group plc | 56,741 | 1,056,347 | ||||||
Capita plc | 102,500 | 2,088,683 | ||||||
Experian plc | 161,540 | 2,811,547 | ||||||
G4S plc | 232,880 | 1,024,901 | ||||||
Intertek Group plc | 20,500 | 953,610 | ||||||
Rentokil Initial plc | 365,720 | 770,144 | ||||||
Serco Group plc | 59,141 | 304,870 | ||||||
10,200,409 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
Barratt Developments plc | 69,567 | 427,358 | ||||||
Berkeley Group Holdings plc | 41,820 | 1,665,471 | ||||||
Burberry Group plc | 98,915 | 2,334,319 | ||||||
Persimmon plc * | 19,414 | 426,881 | ||||||
Taylor Wimpey plc | 574,000 | 1,092,447 | ||||||
5,946,476 | ||||||||
Consumer Services 0.4% | ||||||||
Carnival plc | 21,647 | 807,442 | ||||||
Compass Group plc | 257,147 | 4,183,019 | ||||||
InterContinental Hotels Group plc | 36,472 | 1,398,581 | ||||||
Merlin Entertainments plc | 41,920 | 239,488 | ||||||
TUI Travel plc | 161,540 | 999,333 | ||||||
Whitbread plc | 33,620 | 2,450,571 | ||||||
William Hill plc | 232,296 | 1,350,249 | ||||||
11,428,683 | ||||||||
Diversified Financials 0.3% | ||||||||
3i Group plc | 176,300 | 1,151,250 | ||||||
Aberdeen Asset Management plc | 226,634 | 1,635,004 | ||||||
Ashmore Group plc | 56,580 | 330,757 | ||||||
Hargreaves Lansdown plc | 37,720 | 702,860 | ||||||
ICAP plc | 136,940 | 862,388 | ||||||
Investec plc | 64,780 | 590,095 | ||||||
London Stock Exchange Group plc | 16,400 | 556,437 | ||||||
Schroders plc | 25,420 | 1,028,388 | ||||||
Schroders plc, Non-Voting Shares | 16,400 | 525,660 | ||||||
7,382,839 | ||||||||
Energy 3.1% | ||||||||
AMEC plc | 54,120 | 1,011,147 | ||||||
BG Group plc | 549,485 | 10,964,367 | ||||||
BP plc | 3,094,680 | 24,754,336 | ||||||
John Wood Group plc | 82,820 | 1,079,026 | ||||||
Petrofac Ltd. | 42,640 | 799,494 | ||||||
Royal Dutch Shell plc, A Shares | 630,981 | 25,547,826 | ||||||
Royal Dutch Shell plc, B Shares | 404,370 | 17,094,484 | ||||||
Tullow Oil plc | 162,360 | 1,968,366 | ||||||
83,219,046 | ||||||||
Food & Staples Retailing 0.3% | ||||||||
J Sainsbury plc | 259,500 | 1,251,089 | ||||||
Tesco plc | 1,295,600 | 4,947,757 | ||||||
William Morrison Supermarkets plc | 432,960 | 1,276,292 | ||||||
7,475,138 | ||||||||
Food, Beverage & Tobacco 2.3% | ||||||||
Associated British Foods plc | 60,680 | 2,885,167 | ||||||
British American Tobacco plc | 295,282 | 17,425,982 | ||||||
Coca-Cola HBC AG CDI * | 32,800 | 770,242 | ||||||
Diageo plc | 410,000 | 12,089,504 | ||||||
Imperial Tobacco Group plc | 162,360 | 7,083,422 | ||||||
SABMiller plc | 172,340 | 9,510,873 | ||||||
Tate & Lyle plc | 90,200 | 1,013,394 | ||||||
Unilever plc | 206,690 | 9,127,288 | ||||||
59,905,872 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
Smith & Nephew plc | 139,400 | 2,414,633 | ||||||
Household & Personal Products 0.4% | ||||||||
Reckitt Benckiser Group plc | 114,800 | 10,009,333 | ||||||
Insurance 1.1% | ||||||||
Admiral Group plc | 11,480 | 254,523 | ||||||
Aviva plc | 460,020 | 3,980,324 | ||||||
Direct Line Insurance Group plc | 240,260 | 1,192,645 | ||||||
Friends Life Group Ltd. | 325,044 | 1,655,617 | ||||||
Legal & General Group plc | 1,078,300 | 4,328,329 | ||||||
Old Mutual plc | 846,391 | 2,795,824 | ||||||
Prudential plc | 464,220 | 11,178,816 | ||||||
RSA Insurance Group plc | 126,038 | 959,093 | ||||||
St. James’s Place plc | 56,580 | 673,730 | ||||||
Standard Life plc | 349,320 | 2,230,030 | ||||||
29,248,931 | ||||||||
Materials 1.8% | ||||||||
Anglo American plc | 227,140 | 5,771,504 | ||||||
Antofagasta plc | 42,640 | 556,247 | ||||||
BHP Billiton plc | 357,520 | 11,325,799 | ||||||
CRH plc | 119,720 | 2,777,583 | ||||||
Croda International plc | 26,765 | 969,898 | ||||||
Fresnillo plc | 20,500 | 327,516 | ||||||
Glencore plc * | 1,636,733 | 9,850,766 | ||||||
Johnson Matthey plc | 32,022 | 1,679,440 | ||||||
Mondi plc | 47,560 | 815,917 | ||||||
Randgold Resources Ltd. | 13,940 | 1,177,220 | ||||||
Rexam plc | 135,653 | 1,142,198 | ||||||
Rio Tinto plc | 213,552 | 11,396,878 | ||||||
Vedanta Resources plc | 15,580 | 261,591 | ||||||
48,052,557 | ||||||||
Media 0.6% | ||||||||
British Sky Broadcasting Group plc | 165,785 | 2,404,984 | ||||||
Daily Mail & General Trust plc, A Shares | 36,080 | 520,104 | ||||||
Informa plc | 63,960 | 548,103 | ||||||
ITV plc | 749,480 | 2,628,802 | ||||||
Pearson plc | 116,440 | 2,148,425 | ||||||
Reed Elsevier plc | 171,380 | 2,796,383 | ||||||
WPP plc | 200,080 | 4,196,730 | ||||||
15,243,531 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.6% | ||||||||
AstraZeneca plc | 205,965 | 15,621,704 | ||||||
GlaxoSmithKline plc | 778,535 | 19,064,564 | ||||||
Shire plc | 103,320 | 8,447,306 | ||||||
43,133,574 |
16 See financial notes
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Real Estate 0.3% | ||||||||
Hammerson plc | 173,840 | 1,753,880 | ||||||
Intu Properties plc | 177,120 | 1,005,999 | ||||||
Land Securities Group plc | 128,740 | 2,313,368 | ||||||
SEGRO plc | 161,540 | 992,895 | ||||||
The British Land Co. plc | 224,680 | 2,725,766 | ||||||
8,791,908 | ||||||||
Retailing 0.3% | ||||||||
Kingfisher plc | 437,060 | 2,204,397 | ||||||
Marks & Spencer Group plc | 267,320 | 1,908,547 | ||||||
Next plc | 26,240 | 3,091,863 | ||||||
Sports Direct International plc * | 17,221 | 207,491 | ||||||
7,412,298 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
ARM Holdings plc | 226,420 | 3,651,220 | ||||||
Software & Services 0.1% | ||||||||
The Sage Group plc | 200,228 | 1,309,164 | ||||||
Telecommunication Services 0.9% | ||||||||
BT Group plc | 1,225,080 | 7,873,709 | ||||||
Inmarsat plc | 71,340 | 829,937 | ||||||
Vodafone Group plc | 4,404,710 | 15,124,005 | ||||||
23,827,651 | ||||||||
Transportation 0.1% | ||||||||
easyJet plc | 30,340 | 672,668 | ||||||
International Consolidated Airlines Group S.A. * | 188,600 | 1,131,341 | ||||||
Royal Mail plc | 87,543 | 649,007 | ||||||
2,453,016 | ||||||||
Utilities 0.8% | ||||||||
Centrica plc | 808,945 | 4,290,994 | ||||||
Drax Group plc | 59,860 | 623,813 | ||||||
National Grid plc | 607,718 | 9,073,310 | ||||||
Severn Trent plc | 41,820 | 1,350,851 | ||||||
SSE plc | 173,020 | 4,361,863 | ||||||
United Utilities Group plc | 103,320 | 1,504,832 | ||||||
21,205,663 | ||||||||
489,967,947 | ||||||||
Total Common Stock | ||||||||
(Cost $2,325,188,864) | 2,631,180,543 | |||||||
Other Investment Companies 0.3% of net assets | ||||||||
United States 0.3% | ||||||||
Money Market Fund 0.3% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (d) | 6,727,585 | 6,727,585 | ||||||
Securities Lending Collateral 0.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (d) | 700,031 | 700,031 | ||||||
Total Other Investment Companies | ||||||||
(Cost $7,427,616) | 7,427,616 | |||||||
Preferred Stock 0.4% of net assets | ||||||||
Germany 0.4% | ||||||||
Automobiles & Components 0.3% | ||||||||
Porsche Automobil Holding SE | 26,240 | 2,393,511 | ||||||
Volkswagen AG | 26,250 | 5,907,396 | ||||||
8,300,907 | ||||||||
Household & Personal Products 0.1% | ||||||||
Henkel AG & Co. KGaA | 24,600 | 2,585,770 | ||||||
Total Preferred Stock | ||||||||
(Cost $9,451,515) | 10,886,677 | |||||||
Rights 0.0% of net assets | ||||||||
Singapore 0.0% | ||||||||
Banks 0.0% | ||||||||
Oversea-Chinese Banking Corp., Ltd. *(b)(c) | 45,250 | 85,210 | ||||||
Total Rights | ||||||||
(Cost $—) | 85,210 | |||||||
Face | ||||||||
Security | Amount | Value | ||||||
Rate, Maturity Date | ($) | ($) | ||||||
Short-Term Investments 0.0% of net assets | ||||||||
U.S. Treasury Obligations 0.0% | ||||||||
U.S. Treasury Bills | ||||||||
0.00%, 09/18/14 (e)(f) | 22,000 | 22,000 | ||||||
0.01%, 09/18/14 (e)(f) | 200,000 | 199,999 | ||||||
0.02%, 09/18/14 (e)(f) | 86,000 | 85,999 | ||||||
Total Short-Term Investments | ||||||||
(Cost $307,998) | 307,998 | |||||||
End of Investments |
At 08/31/14, the tax basis cost of the fund’s investments was $2,350,253,453 and the unrealized appreciation and depreciation were $359,525,332 and ($59,890,741), respectively, with a net unrealized appreciation of $299,634,591.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $658,392. | |
(b) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(c) | Illiquid security. At the period end, the value of these amounted to $302,948 or 0.0% of net assets. | |
(d) | The rate shown is the 7-day yield. | |
(e) | The rate shown is the purchase yield. | |
(f) | All or a portion of this security is held as collateral for open futures contracts. |
See financial notes 17
Table of Contents
Schwab International Equity ETF
Portfolio Holdings continued
ADR — | American Depositary Receipt | |
CDI — | CHESS Depositary Interest | |
CVA — | Dutch Certificate | |
ETF — | Exchange Traded Fund | |
GDR — | Global Depositary Receipt | |
Reg’d — | Registered | |
REIT — | Real Estate Investment Trust | |
RSP — | Risparmio (Convertible Savings Shares) |
In addition to the above, the fund held the following at 8/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Appreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
MSCI EAFE, e-mini, Long, expires 09/19/14 | 20 | 1,920,800 | 45,664 |
18 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .2% | Common Stock | 339,185,692 | 399,996,838 | ||||||||
1 | .0% | Other Investment Companies | 3,927,865 | 4,297,156 | ||||||||
0 | .3% | Preferred Stock | 967,782 | 1,134,218 | ||||||||
100 | .5% | Total Investments | 344,081,339 | 405,428,212 | ||||||||
(0 | .5)% | Other Assets and Liabilities, Net | (2,198,756 | ) | ||||||||
100 | .0% | Net Assets | 403,229,456 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 99.2% of net assets | ||||||||
Australia 5.3% | ||||||||
Automobiles & Components 0.0% | ||||||||
ARB Corp., Ltd. | 13,080 | 162,831 | ||||||
Capital Goods 0.3% | ||||||||
Bradken Ltd. | 50,112 | 220,288 | ||||||
Cardno Ltd. (c) | 28,258 | 173,907 | ||||||
Hills Ltd. | 41,672 | 63,141 | ||||||
Monadelphous Group Ltd. (c) | 25,422 | 372,351 | ||||||
Seven Group Holdings Ltd. | 28,258 | 204,037 | ||||||
UGL Ltd. * | 39,149 | 238,004 | ||||||
1,271,728 | ||||||||
Commercial & Professional Services 0.4% | ||||||||
Cabcharge Australia Ltd. | 59,815 | 302,103 | ||||||
McMillan Shakespeare Ltd. | 13,080 | 142,645 | ||||||
Mineral Resources Ltd. | 30,080 | 299,062 | ||||||
SAI Global Ltd. | 56,526 | 247,954 | ||||||
Transfield Services Ltd. * | 133,100 | 217,855 | ||||||
Transpacific Industries Group Ltd. | 261,620 | 220,224 | ||||||
1,429,843 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Billabong International Ltd. * | 101,269 | 53,515 | ||||||
G.U.D. Holdings Ltd. (c) | 35,824 | 263,024 | ||||||
316,539 | ||||||||
Consumer Services 0.5% | ||||||||
Ainsworth Game Technology Ltd. | 33,156 | 104,196 | ||||||
Ardent Leisure Group | 70,650 | 206,827 | ||||||
Domino’s Pizza Enterprises Ltd. | 11,277 | 270,329 | ||||||
G8 Education Ltd. | 87,200 | 438,783 | ||||||
Invocare Ltd. | 46,628 | 496,731 | ||||||
Navitas Ltd. | 75,393 | 378,666 | ||||||
Retail Food Group Ltd. | 19,781 | 87,696 | ||||||
Vocation Ltd. | 36,300 | 106,268 | ||||||
2,089,496 | ||||||||
Diversified Financials 0.2% | ||||||||
BT Investment Management Ltd. | 21,800 | 133,959 | ||||||
FlexiGroup Ltd. | 70,650 | 259,030 | ||||||
Magellan Financial Group Ltd. | 17,109 | 214,427 | ||||||
OzForex Group Ltd. | 52,604 | 122,017 | ||||||
729,433 | ||||||||
Energy 0.4% | ||||||||
AWE Ltd. * | 150,270 | 244,553 | ||||||
Beach Energy Ltd. | 296,450 | 450,563 | ||||||
Drillsearch Energy Ltd. *(c) | 86,772 | 118,085 | ||||||
Horizon Oil Ltd. *(c) | 224,600 | 71,423 | ||||||
Karoon Gas Australia Ltd. * | 61,624 | 218,444 | ||||||
Paladin Energy Ltd. * | 186,128 | 73,986 | ||||||
Roc Oil Co., Ltd. * | 114,177 | 73,151 | ||||||
Senex Energy Ltd. * | 195,629 | 107,039 | ||||||
Sundance Energy Australia Ltd. * | 104,884 | 133,413 | ||||||
1,490,657 | ||||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Australian Agricultural Co., Ltd. * | 65,400 | 76,155 | ||||||
GrainCorp Ltd., Class A | 65,795 | 557,534 | ||||||
Tassal Group Ltd. | 27,250 | 101,693 | ||||||
735,382 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
Australian Pharmaceutical Industries Ltd. | 145,587 | 79,658 | ||||||
Primary Health Care Ltd. | 150,594 | 636,645 | ||||||
Sigma Pharmaceuticals Ltd. | 354,018 | 273,168 | ||||||
989,471 | ||||||||
Insurance 0.1% | ||||||||
Cover-More Group Ltd. | 47,346 | 102,736 | ||||||
NIB Holdings Ltd. | 109,000 | 345,602 | ||||||
Steadfast Group Ltd. | 59,082 | 86,481 | ||||||
534,819 | ||||||||
Materials 0.6% | ||||||||
Beadell Resources Ltd. * | 193,314 | 92,211 | ||||||
Evolution Mining Ltd. (c) | 113,052 | 79,832 | ||||||
Independence Group NL | 70,010 | 305,793 | ||||||
Lynas Corp., Ltd. * | 631,302 | 94,473 | ||||||
Mount Gibson Iron Ltd. | 196,210 | 126,626 | ||||||
Northern Star Resources Ltd. | 111,304 | 182,700 | ||||||
PanAust Ltd. | 178,200 | 381,675 | ||||||
Papillon Resources Ltd. * | 108,084 | 178,426 | ||||||
Regis Resources Ltd. | 60,500 | 100,722 | ||||||
Sandfire Resources NL * | 33,517 | 198,749 | ||||||
Saracen Mineral Holdings Ltd. * | 155,099 | 55,850 | ||||||
Sirius Resources NL * | 41,462 | 146,974 | ||||||
Sundance Resources Ltd. * | 1,199,090 | 95,328 | ||||||
Syrah Resources Ltd. * | 27,250 | 128,709 | ||||||
Tiger Resources Ltd. *(a) | 332,470 | 93,288 | ||||||
Western Areas Ltd. | 51,680 | 237,331 | ||||||
2,498,687 | ||||||||
Media 0.2% | ||||||||
APN News & Media Ltd. * | 148,883 | 103,045 | ||||||
Nine Entertainment Co. Holdings Ltd. * | 121,000 | 233,133 | ||||||
Southern Cross Media Group Ltd. | 152,410 | 152,527 |
See financial notes 19
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
STW Communications Group Ltd. | 58,836 | 71,538 | ||||||
Village Roadshow Ltd. | 27,250 | 189,623 | ||||||
749,866 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Mayne Pharma Group Ltd. * | 108,034 | 79,825 | ||||||
Mesoblast Ltd. *(c) | 51,572 | 242,623 | ||||||
Sirtex Medical Ltd. | 9,819 | 200,205 | ||||||
522,653 | ||||||||
Real Estate 0.6% | ||||||||
Abacus Property Group | 121,295 | 306,307 | ||||||
Aveo Group | 102,746 | 221,026 | ||||||
BWP Trust | 167,794 | 414,316 | ||||||
Charter Hall Group | 79,952 | 338,001 | ||||||
Charter Hall Retail REIT | 69,413 | 257,740 | ||||||
Cromwell Property Group | 327,020 | 307,391 | ||||||
Investa Office Fund | 123,148 | 422,712 | ||||||
2,267,493 | ||||||||
Retailing 0.5% | ||||||||
Automotive Holdings Group Ltd. | 94,789 | 358,171 | ||||||
Breville Group Ltd. | 23,577 | 160,315 | ||||||
JB Hi-Fi Ltd. | 24,476 | 386,195 | ||||||
Myer Holdings Ltd. | 181,067 | 409,832 | ||||||
Pacific Brands Ltd. | 328,480 | 162,830 | ||||||
Premier Investments Ltd. | 28,258 | 255,046 | ||||||
Super Retail Group Ltd. | 35,320 | 312,179 | ||||||
The Reject Shop Ltd. (c) | 7,062 | 63,805 | ||||||
Wotif.com Holdings Ltd. | 24,415 | 75,357 | ||||||
2,183,730 | ||||||||
Software & Services 0.3% | ||||||||
carsales.com Ltd. | 56,281 | 585,878 | ||||||
Iress Ltd. | 39,344 | 377,920 | ||||||
SMS Management & Technology Ltd. | 26,160 | 104,476 | ||||||
UXC Ltd. | 75,634 | 60,837 | ||||||
1,129,111 | ||||||||
Telecommunication Services 0.1% | ||||||||
Amcom Telecommunications Ltd. | 25,274 | 46,450 | ||||||
iiNET Ltd. | 26,160 | 188,889 | ||||||
M2 Group Ltd. (c) | 36,816 | 253,778 | ||||||
489,117 | ||||||||
Transportation 0.2% | ||||||||
Mermaid Marine Australia Ltd. | 63,009 | 136,134 | ||||||
Qube Holdings Ltd. | 121,000 | 273,874 | ||||||
Virgin Australia Holdings Ltd. * | 566,241 | 219,786 | ||||||
Virgin Australia International Holdings Ltd. (a)(b) | 424,000 | — | ||||||
629,794 | ||||||||
Utilities 0.3% | ||||||||
DUET Group | 274,700 | 626,902 | ||||||
Energy World Corp. Ltd. * | 325,065 | 112,492 | ||||||
Spark Infrastructure Group | 325,065 | 598,945 | ||||||
1,338,339 | ||||||||
21,558,989 | ||||||||
Austria 0.7% | ||||||||
Capital Goods 0.1% | ||||||||
Wienerberger AG | 30,544 | 457,847 | ||||||
Zumtobel AG | 5,639 | 117,877 | ||||||
575,724 | ||||||||
Energy 0.1% | ||||||||
Schoeller-Bleckmann Oilfield Equipment AG | 3,066 | 323,083 | ||||||
Materials 0.1% | ||||||||
Mayr Melnhof Karton AG | 1,463 | 171,046 | ||||||
RHI AG | 6,122 | 183,938 | ||||||
354,984 | ||||||||
Real Estate 0.3% | ||||||||
Atrium European Real Estate Ltd. * | 60,820 | 333,267 | ||||||
CA Immobilien Anlagen AG * | 17,358 | 359,650 | ||||||
Conwert Immobilien Invest SE * | 18,234 | 227,881 | ||||||
S IMMO AG * | 14,124 | 108,927 | ||||||
1,029,725 | ||||||||
Technology Hardware & Equipment 0.0% | ||||||||
Kapsch TrafficCom AG | 1,960 | 57,185 | ||||||
Transportation 0.1% | ||||||||
Flughafen Wien AG | 1,048 | 94,159 | ||||||
Oesterreichische Post AG | 10,084 | 473,260 | ||||||
567,419 | ||||||||
Utilities 0.0% | ||||||||
EVN AG | 7,491 | 101,632 | ||||||
3,009,752 | ||||||||
Belgium 1.5% | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Van de Velde N.V. | 1,834 | 92,294 | ||||||
Diversified Financials 0.5% | ||||||||
Ackermans & van Haaren N.V. | 6,630 | 804,226 | ||||||
Gimv N.V. | 3,267 | 160,061 | ||||||
KBC Ancora * | 3,736 | 122,780 | ||||||
RHJ International S.A. * | 46,492 | 237,608 | ||||||
Sofina S.A. | 4,889 | 558,459 | ||||||
1,883,134 | ||||||||
Energy 0.0% | ||||||||
Euronav S.A. * | 7,892 | 96,407 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
AGFA-Gevaert N.V. * | 41,141 | 118,624 | ||||||
Arseus N.V. | 6,050 | 330,198 | ||||||
448,822 | ||||||||
Materials 0.1% | ||||||||
NV Bekaert S.A. | 7,212 | 268,650 | ||||||
Tessenderlo Chemie N.V. * | 9,896 | 297,133 | ||||||
565,783 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
ThromboGenics N.V. *(c) | 7,840 | 85,919 | ||||||
Real Estate 0.3% | ||||||||
Befimmo S.A. | 5,112 | 414,045 | ||||||
Cofinimmo | 3,668 | 453,774 | ||||||
Warehouses De Pauw S.C.A. | 2,220 | 167,409 | ||||||
1,035,228 | ||||||||
Retailing 0.1% | ||||||||
D’Ieteren S.A. N.V. | 9,865 | 410,551 |
20 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Melexis N.V. | 5,812 | 267,179 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Barco N.V. | 2,382 | 169,240 | ||||||
EVS Broadcast Equipment S.A. | 4,176 | 180,751 | ||||||
349,991 | ||||||||
Telecommunication Services 0.0% | ||||||||
Mobistar S.A. * | 5,929 | 117,497 | ||||||
Transportation 0.1% | ||||||||
bpost S.A. | 22,836 | 563,842 | ||||||
Utilities 0.1% | ||||||||
Elia System Operator S.A. N.V. | 5,490 | 268,503 | ||||||
6,185,150 | ||||||||
Canada 18.1% | ||||||||
Automobiles & Components 0.2% | ||||||||
Linamar Corp. | 13,166 | 761,741 | ||||||
Martinrea International, Inc. | 6,231 | 82,084 | ||||||
843,825 | ||||||||
Banks 0.6% | ||||||||
Canadian Western Bank | 15,577 | 584,021 | ||||||
Genworth MI Canada, Inc. | 14,927 | 529,790 | ||||||
Home Capital Group, Inc. | 19,549 | 977,134 | ||||||
Laurentian Bank of Canada | 4,739 | 217,432 | ||||||
2,308,377 | ||||||||
Capital Goods 0.9% | ||||||||
Aecon Group, Inc. | 15,577 | 237,801 | ||||||
ATS Automation Tooling Systems, Inc. * | 25,305 | 310,962 | ||||||
CAE, Inc. | 66,746 | 826,980 | ||||||
MacDonald, Dettwiler & Associates Ltd. | 9,341 | 714,902 | ||||||
Russel Metals, Inc. | 15,577 | 523,852 | ||||||
Toromont Industries Ltd. | 18,695 | 468,603 | ||||||
Westport Innovations, Inc. * | 14,124 | 203,771 | ||||||
WSP Global, Inc. | 8,470 | 284,845 | ||||||
3,571,716 | ||||||||
Commercial & Professional Services 0.6% | ||||||||
Black Diamond Group Ltd. | 3,630 | 100,459 | ||||||
Progressive Waste Solutions Ltd. | 30,421 | 788,324 | ||||||
Ritchie Bros. Auctioneers, Inc. | 25,946 | 617,824 | ||||||
Stantec, Inc. | 12,643 | 863,652 | ||||||
Transcontinental, Inc., Class A | 14,124 | 196,740 | ||||||
2,566,999 | ||||||||
Consumer Durables & Apparel 0.5% | ||||||||
Dorel Industries, Inc., Class B | 7,216 | 244,469 | ||||||
Gildan Activewear, Inc. | 28,258 | 1,623,972 | ||||||
1,868,441 | ||||||||
Consumer Services 0.1% | ||||||||
Great Canadian Gaming Corp. * | 11,770 | 214,296 | ||||||
Diversified Financials 0.7% | ||||||||
AGF Management Ltd., Class B | 15,577 | 178,638 | ||||||
Canaccord Genuity Group, Inc. | 14,992 | 166,677 | ||||||
Dundee Corp., Class A * | 13,579 | 236,592 | ||||||
Element Financial Corp. * | 41,503 | 539,855 | ||||||
GMP Capital, Inc. | 7,632 | 58,537 | ||||||
Onex Corp. | 23,510 | 1,372,130 | ||||||
TMX Group Ltd. | 7,282 | 366,668 | ||||||
2,919,097 | ||||||||
Energy 6.3% | ||||||||
Advantage Oil & Gas Ltd. * | 46,768 | 289,727 | ||||||
AltaGas Ltd. | 28,258 | 1,369,982 | ||||||
Athabasca Oil Corp. * | 89,829 | 655,861 | ||||||
Bankers Petroleum Ltd. * | 74,309 | 452,122 | ||||||
Baytex Energy Corp. | 33,120 | 1,484,484 | ||||||
Bellatrix Exploration Ltd. * | 27,206 | 211,177 | ||||||
Birchcliff Energy Ltd. * | 28,258 | 330,838 | ||||||
BlackPearl Resources, Inc. * | 84,784 | 174,297 | ||||||
Bonavista Energy Corp. | 42,392 | 579,165 | ||||||
Bonterra Energy Corp. | 5,002 | 303,601 | ||||||
Calfrac Well Services Ltd. | 19,622 | 371,005 | ||||||
Canadian Energy Services & Technology Corp. | 27,234 | 271,650 | ||||||
Crew Energy, Inc. * | 28,566 | 293,626 | ||||||
Denison Mines Corp. * | 141,310 | 191,496 | ||||||
Enerflex Ltd. | 15,577 | 301,273 | ||||||
Enerplus Corp. | 42,392 | 972,700 | ||||||
Ensign Energy Services, Inc. | 32,472 | 488,240 | ||||||
Gibson Energy, Inc. | 28,258 | 949,531 | ||||||
Gran Tierra Energy, Inc. * | 49,279 | 331,177 | ||||||
Kelt Exploration Ltd. * | 24,200 | 304,745 | ||||||
Keyera Corp. | 18,703 | 1,649,347 | ||||||
Legacy Oil & Gas, Inc. * | 30,421 | 219,586 | ||||||
Lightstream Resources Ltd. | 51,873 | 300,311 | ||||||
Mullen Group Ltd. | 15,577 | 416,727 | ||||||
NuVista Energy Ltd. * | 31,164 | 334,695 | ||||||
Paramount Resources Ltd., A Shares * | 12,893 | 716,707 | ||||||
Parkland Fuel Corp. | 14,992 | 285,674 | ||||||
Pason Systems, Inc. | 15,577 | 497,574 | ||||||
Pengrowth Energy Corp. | 130,810 | 835,689 | ||||||
Peyto Exploration & Development Corp. | 28,258 | 1,003,716 | ||||||
Precision Drilling Corp. | 70,650 | 902,705 | ||||||
Savanna Energy Services Corp. | 26,779 | 194,285 | ||||||
Secure Energy Services, Inc. | 21,138 | 522,434 | ||||||
ShawCor Ltd. | 14,534 | 789,572 | ||||||
Tourmaline Oil Corp. * | 40,975 | 2,080,197 | ||||||
Trican Well Service Ltd. | 39,711 | 575,118 | ||||||
Trilogy Energy Corp. | 17,030 | 453,401 | ||||||
Trinidad Drilling Ltd. | 38,580 | 355,658 | ||||||
Veresen, Inc. | 42,392 | 727,669 | ||||||
Vermilion Energy, Inc. | 21,684 | 1,413,883 | ||||||
Whitecap Resources, Inc. | 43,560 | 739,285 | ||||||
25,340,930 | ||||||||
Food & Staples Retailing 0.3% | ||||||||
Empire Co., Ltd., A Shares | 10,793 | 752,102 | ||||||
The Jean Coutu Group PJC, Inc., A Shares | 22,613 | 470,292 | ||||||
The North West Co., Inc. | 3,270 | 74,278 | ||||||
1,296,672 | ||||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Cott Corp. | 31,164 | 233,856 | ||||||
Maple Leaf Foods, Inc. | 22,829 | 426,169 | ||||||
660,025 |
See financial notes 21
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Extendicare, Inc. | 31,164 | 246,497 | ||||||
Insurance 0.2% | ||||||||
Industrial Alliance Insurance & Financial Services, Inc. | 23,540 | 1,018,638 | ||||||
Materials 3.2% | ||||||||
Alamos Gold, Inc. | 32,254 | 297,340 | ||||||
Argonaut Gold, Inc. * | 27,955 | 114,681 | ||||||
AuRico Gold, Inc. | 69,788 | 318,461 | ||||||
B2Gold Corp. * | 138,612 | 357,791 | ||||||
Canexus Corp. | 40,976 | 202,094 | ||||||
Canfor Corp. * | 25,997 | 604,420 | ||||||
Capstone Mining Corp. * | 79,564 | 198,772 | ||||||
CCL Industries, Inc., Class B | 9,448 | 987,173 | ||||||
Centerra Gold, Inc. | 30,250 | 182,936 | ||||||
China Gold International Resources Corp. Ltd. * | 64,825 | 184,062 | ||||||
Continental Gold Ltd. * | 19,296 | 62,260 | ||||||
Detour Gold Corp. * | 35,816 | 452,013 | ||||||
Dominion Diamond Corp. * | 15,577 | 211,523 | ||||||
Dundee Precious Metals, Inc. * | 30,421 | 156,767 | ||||||
Endeavour Silver Corp. * | 14,124 | 78,904 | ||||||
First Majestic Silver Corp. * | 28,258 | 290,200 | ||||||
HudBay Minerals, Inc. | 48,804 | 494,901 | ||||||
IAMGOLD Corp. * | 86,126 | 346,965 | ||||||
Imperial Metals Corp. * | 15,264 | 126,643 | ||||||
Lundin Mining Corp. * | 122,136 | 655,295 | ||||||
Major Drilling Group International, Inc. | 29,711 | 223,500 | ||||||
Methanex Corp. | 23,794 | 1,594,675 | ||||||
Nevsun Resources Ltd. | 42,392 | 175,860 | ||||||
New Gold, Inc. * | 106,420 | 689,682 | ||||||
Novagold Resources, Inc. * | 70,650 | 279,409 | ||||||
OceanaGold Corp. * | 59,432 | 163,270 | ||||||
Pan American Silver Corp. | 38,238 | 549,908 | ||||||
Pretium Resources, Inc. * | 14,124 | 105,206 | ||||||
SEMAFO, Inc. * | 50,678 | 226,118 | ||||||
Sherritt International Corp. | 64,771 | 254,964 | ||||||
Silver Standard Resources, Inc. * | 15,577 | 146,615 | ||||||
Stella-Jones, Inc. | 7,332 | 201,693 | ||||||
Tahoe Resources, Inc. * | 23,033 | 591,140 | ||||||
Taseko Mines Ltd. * | 46,768 | 102,612 | ||||||
Thompson Creek Metals Co., Inc. * | 33,222 | 95,861 | ||||||
Torex Gold Resources, Inc. * | 148,243 | 241,890 | ||||||
West Fraser Timber Co., Ltd. | 16,490 | 836,851 | ||||||
12,802,455 | ||||||||
Media 0.7% | ||||||||
Aimia, Inc. | 45,957 | 730,821 | ||||||
Cineplex, Inc. | 14,124 | 533,320 | ||||||
Cogeco Cable, Inc. | 4,087 | 236,234 | ||||||
Corus Entertainment, Inc., B Shares | 14,124 | 318,352 | ||||||
Imax Corp. * | 14,834 | 411,619 | ||||||
Quebecor, Inc., Class B | 23,130 | 591,497 | ||||||
Torstar Corp., Class B | 14,834 | 108,306 | ||||||
2,930,149 | ||||||||
Real Estate 1.2% | ||||||||
Allied Properties Real Estate Investment Trust | 3,920 | 129,010 | ||||||
Artis Real Estate Investment Trust | 16,232 | 238,224 | ||||||
Boardwalk Real Estate Investment Trust | 4,133 | 262,363 | ||||||
Calloway Real Estate Investment Trust | 16,578 | 407,592 | ||||||
Canadian Apartment Properties Real Estate Investment Trust | 15,577 | 341,768 | ||||||
Canadian Real Estate Investment Trust | 11,052 | 492,819 | ||||||
Chartwell Retirement Residences | 34,549 | 357,035 | ||||||
Cominar Real Estate Investment Trust | 14,644 | 260,683 | ||||||
Dream Office Real Estate Investment Trust | 14,266 | 382,312 | ||||||
Dream Unlimited Corp., Class A * | 15,577 | 196,157 | ||||||
First Capital Realty, Inc. | 23,806 | 423,998 | ||||||
FirstService Corp. | 4,536 | 249,851 | ||||||
Granite Real Estate Investment Trust | 4,840 | 181,018 | ||||||
H&R Real Estate Investment Trust | 30,452 | 649,324 | ||||||
InnVest Real Estate Investment Trust | 13,080 | 69,093 | ||||||
Morguard Real Estate Investment Trust | 8,801 | 156,183 | ||||||
4,797,430 | ||||||||
Retailing 0.5% | ||||||||
Dollarama, Inc. | 14,293 | 1,219,731 | ||||||
Hudson’s Bay Co. | 15,936 | 241,225 | ||||||
RONA, Inc. | 28,258 | 372,258 | ||||||
1,833,214 | ||||||||
Software & Services 0.7% | ||||||||
Constellation Software, Inc. | 3,244 | 805,894 | ||||||
DH Corp. | 15,514 | 465,098 | ||||||
Open Text Corp. | 28,258 | 1,591,149 | ||||||
2,862,141 | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
Avigilon Corp. * | 6,259 | 107,034 | ||||||
Celestica, Inc. * | 32,254 | 355,619 | ||||||
Wi-Lan, Inc. | 27,225 | 105,662 | ||||||
568,315 | ||||||||
Telecommunication Services 0.1% | ||||||||
Manitoba Telecom Services, Inc. | 11,709 | 333,325 | ||||||
Transportation 0.2% | ||||||||
TransForce, Inc. | 15,577 | 401,936 | ||||||
Westshore Terminals Investment Corp. | 11,411 | 380,490 | ||||||
782,426 | ||||||||
Utilities 0.7% | ||||||||
Algonquin Power & Utilities Corp. | 37,571 | 313,453 | ||||||
Atco Ltd., Class I | 21,738 | 937,655 | ||||||
Atlantic Power Corp. | 15,534 | 61,434 | ||||||
Capital Power Corp. | 14,124 | 365,876 | ||||||
Emera, Inc. | 14,749 | 467,454 | ||||||
Innergex Renewable Energy, Inc. | 14,124 | 139,189 | ||||||
Just Energy Group, Inc. | 21,176 | 126,109 | ||||||
Northland Power, Inc. | 14,124 | 235,671 | ||||||
Superior Plus Corp. | 28,258 | 386,586 | ||||||
3,033,427 | ||||||||
72,798,395 | ||||||||
Denmark 1.3% | ||||||||
Banks 0.4% | ||||||||
Jyske Bank A/S * | 18,637 | 1,018,199 |
22 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Sydbank A/S * | 18,960 | 584,298 | ||||||
1,602,497 | ||||||||
Capital Goods 0.1% | ||||||||
NKT Holding A/S | 6,431 | 379,772 | ||||||
Consumer Durables & Apparel 0.0% | ||||||||
Bang & Olufsen A/S * | 7,062 | 81,159 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Royal UNIBREW * | 1,040 | 184,982 | ||||||
Health Care Equipment & Services 0.3% | ||||||||
GN Store Nord A/S | 44,961 | 1,024,677 | ||||||
Insurance 0.2% | ||||||||
Topdanmark A/S * | 23,665 | 731,804 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
Alk-Abello A/S | 2,189 | 292,594 | ||||||
Bavarian Nordic A/S * | 3,929 | 77,804 | ||||||
Genmab A/S * | 10,507 | 420,399 | ||||||
790,797 | ||||||||
Retailing 0.0% | ||||||||
Matas A/S | 8,446 | 200,850 | ||||||
Software & Services 0.1% | ||||||||
SimCorp A/S | 11,308 | 333,888 | ||||||
5,330,426 | ||||||||
Finland 1.9% | ||||||||
Capital Goods 0.5% | ||||||||
Cargotec Oyj, B Shares | 10,912 | 396,559 | ||||||
Cramo Oyj | 3,957 | 70,990 | ||||||
Konecranes Oyj | 13,280 | 422,442 | ||||||
Outotec Oyj (c) | 45,195 | 408,679 | �� | |||||
Ramirent Oyj | 17,043 | 152,205 | ||||||
Uponor Oyj | 14,124 | 217,854 | ||||||
YIT Oyj | 30,936 | 284,835 | ||||||
1,953,564 | ||||||||
Commercial & Professional Services 0.1% | ||||||||
Caverion Corp. | 30,936 | 249,791 | ||||||
Lassila & Tikanoja Oyj | 13,079 | 235,502 | ||||||
485,293 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
Amer Sports Oyj | 30,590 | 612,456 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Raisio plc, V Shares | 19,620 | 99,239 | ||||||
Materials 0.4% | ||||||||
Huhtamaki Oyj | 25,626 | 688,593 | ||||||
Kemira Oyj | 21,643 | 302,472 | ||||||
Metsa Board Oyj | 64,580 | 296,026 | ||||||
Outokumpu Oyj * | 46,259 | 358,282 | ||||||
1,645,373 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
Orion Oyj, Class B | 17,722 | 696,801 | ||||||
Real Estate 0.1% | ||||||||
Citycon Oyj | 62,941 | 232,137 | ||||||
Sponda Oyj | 50,067 | 262,474 | ||||||
494,611 | ||||||||
Retailing 0.0% | ||||||||
Stockmann Oyj Abp, B Shares | 7,422 | 94,194 | ||||||
Software & Services 0.1% | ||||||||
Tieto Oyj | 16,457 | 448,717 | ||||||
Telecommunication Services 0.3% | ||||||||
Elisa Oyj | 39,240 | 1,070,953 | ||||||
Transportation 0.0% | ||||||||
Finnair Oyj * | 28,258 | 94,170 | ||||||
7,695,371 | ||||||||
France 3.2% | ||||||||
Automobiles & Components 0.2% | ||||||||
Burelle S.A. | 60 | 50,580 | ||||||
Faurecia | 12,003 | 404,903 | ||||||
Plastic Omnium S.A. | 11,770 | 311,232 | ||||||
766,715 | ||||||||
Capital Goods 0.2% | ||||||||
Mersen | 4,911 | 135,844 | ||||||
Nexans S.A. * | 8,634 | 364,609 | ||||||
Saft Groupe S.A. | 7,232 | 265,204 | ||||||
Tarkett S.A. | 2,115 | 65,468 | ||||||
831,125 | ||||||||
Commercial & Professional Services 0.2% | ||||||||
Derichebourg S.A. | 13,252 | 39,100 | ||||||
Teleperformance | 14,189 | 923,087 | ||||||
962,187 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Beneteau S.A. * | 3,951 | 67,447 | ||||||
Energy 0.2% | ||||||||
Bourbon S.A. | 13,929 | 398,136 | ||||||
Etablissements Maurel et Prom * | 18,207 | 284,910 | ||||||
MPI | 26,687 | 150,451 | ||||||
833,497 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Rallye S.A. | 7,325 | 350,723 | ||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Bonduelle S.C.A. | 3,920 | 110,859 | ||||||
Vilmorin & Cie S.A. | 1,430 | 162,667 | ||||||
273,526 | ||||||||
Health Care Equipment & Services 0.3% | ||||||||
Korian-Medica | 11,950 | 419,013 | ||||||
Orpea | 9,865 | 652,178 | ||||||
1,071,191 | ||||||||
Materials 0.1% | ||||||||
Eramet * | 1,815 | 199,912 | ||||||
Vicat | 4,500 | 328,022 | ||||||
527,934 | ||||||||
Media 0.5% | ||||||||
Havas S.A. | 74,160 | 607,787 | ||||||
IPSOS | 9,224 | 276,166 | ||||||
Metropole Television S.A. | 15,171 | 287,559 | ||||||
Societe d’Edition de Canal | 33,438 | 261,625 | ||||||
Solocal Group * | 107,448 | 84,918 | ||||||
Technicolor S.A. - Reg’d * | 59,221 | 455,633 | ||||||
1,973,688 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
Eurofins Scientific SE | 1,560 | 444,152 |
See financial notes 23
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Virbac S.A. | 1,598 | 319,522 | ||||||
763,674 | ||||||||
Real Estate 0.2% | ||||||||
Mercialys S.A. | 14,124 | 350,688 | ||||||
Nexity S.A. | 8,924 | 365,630 | ||||||
716,318 | ||||||||
Retailing 0.0% | ||||||||
Groupe Fnac * | 1,864 | 82,914 | ||||||
Semiconductors & Semiconductor Equipment 0.0% | ||||||||
SOITEC * | 31,604 | 84,507 | ||||||
Software & Services 0.4% | ||||||||
Alten S.A. | 8,180 | 368,172 | ||||||
Altran Technologies S.A. | 40,037 | 417,200 | ||||||
Bull * | 11,423 | 73,727 | ||||||
GameLoft SE * | 13,080 | 83,388 | ||||||
Groupe Steria S.C.A. | 9,079 | 217,651 | ||||||
Sopra Group S.A. | 563 | 53,587 | ||||||
UBISOFT Entertainment * | 26,996 | 449,112 | ||||||
1,662,837 | ||||||||
Technology Hardware & Equipment 0.4% | ||||||||
Ingenico | 9,150 | 881,270 | ||||||
Neopost S.A. | 7,905 | 529,266 | ||||||
1,410,536 | ||||||||
Utilities 0.1% | ||||||||
ALBIOMA | 2,112 | 53,691 | ||||||
Rubis S.C.A. | 8,723 | 527,503 | ||||||
581,194 | ||||||||
12,960,013 | ||||||||
Germany 4.4% | ||||||||
�� | ||||||||
Automobiles & Components 0.2% | ||||||||
ElringKlinger AG | 8,503 | 288,404 | ||||||
Leoni AG | 9,123 | 563,649 | ||||||
852,053 | ||||||||
Banks 0.2% | ||||||||
Aareal Bank AG | 12,880 | 577,761 | ||||||
Capital Goods 1.2% | ||||||||
Bauer AG * | 1,181 | 22,868 | ||||||
BayWa AG | 4,216 | 199,031 | ||||||
Deutz AG | 32,951 | 194,880 | ||||||
DMG MORI SEIKI AG | 17,672 | 508,964 | ||||||
Duerr AG | 3,270 | 252,534 | ||||||
Heidelberger Druckmaschinen AG * | 31,345 | 97,810 | ||||||
Indus Holding AG | 726 | 38,055 | ||||||
KION Group AG | 6,050 | 248,356 | ||||||
Kloeckner & Co. SE * | 23,633 | 324,057 | ||||||
Krones AG | 3,345 | 307,057 | ||||||
KUKA AG | 10,102 | 609,697 | ||||||
Nordex SE * | 14,715 | 266,511 | ||||||
Norma Group SE | 7,840 | 377,498 | ||||||
Pfeiffer Vacuum Technology AG | 3,432 | 310,115 | ||||||
Rational AG | 1,312 | 410,872 | ||||||
Rheinmetall AG | 3,722 | 201,767 | ||||||
SGL Carbon SE *(c) | 10,593 | 310,805 | ||||||
4,680,877 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Gerry Weber International AG | 6,597 | 298,226 | ||||||
Diversified Financials 0.1% | ||||||||
Aurelius AG | 3,270 | 123,833 | ||||||
Deutsche Beteiligungs AG | 2,740 | 78,318 | ||||||
Grenkeleasing AG | 1,300 | 130,191 | ||||||
332,342 | ||||||||
Energy 0.0% | ||||||||
C.A.T. oil AG | 3,002 | 64,415 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
KWS Saat AG | 411 | 146,332 | ||||||
Health Care Equipment & Services 0.2% | ||||||||
Carl Zeiss Meditec AG | 2,797 | 85,474 | ||||||
Rhoen Klinikum AG | 17,650 | 553,781 | ||||||
639,255 | ||||||||
Materials 0.3% | ||||||||
Aurubis AG | 13,539 | 666,798 | ||||||
Salzgitter AG | 9,680 | 362,369 | ||||||
1,029,167 | ||||||||
Media 0.0% | ||||||||
CTS Eventim AG & Co., KGaA | 5,594 | 156,063 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.4% | ||||||||
Gerresheimer AG | 5,393 | 390,701 | ||||||
MorphoSys AG * | 7,144 | 660,682 | ||||||
Stada Arzneimittel AG | 16,305 | 652,255 | ||||||
1,703,638 | ||||||||
Real Estate 0.8% | ||||||||
alstria Office REIT-AG * | 18,974 | 254,299 | ||||||
Deutsche Euroshop AG | 13,280 | 630,252 | ||||||
DIC Asset AG | 14,124 | 127,308 | ||||||
GAGFAH S.A. * | 43,560 | 854,921 | ||||||
LEG Immobilien AG * | 9,680 | 721,933 | ||||||
Patrizia Immobilien AG * | 8,516 | 109,903 | ||||||
TAG Immobilien AG | 31,390 | 363,274 | ||||||
3,061,890 | ||||||||
Semiconductors & Semiconductor Equipment 0.2% | ||||||||
Aixtron SE * | 22,686 | 298,372 | ||||||
Dialog Semiconductor plc * | 17,753 | 524,626 | ||||||
SMA Solar Technology AG * | 1,651 | 53,062 | ||||||
876,060 | ||||||||
Software & Services 0.3% | ||||||||
Bechtle AG | 3,488 | 276,950 | ||||||
Wirecard AG | 27,898 | 1,044,908 | ||||||
1,321,858 | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
Jenoptik AG | 10,851 | 143,573 | ||||||
Wincor Nixdorf AG | 7,873 | 420,101 | ||||||
563,674 | ||||||||
Telecommunication Services 0.3% | ||||||||
Drillisch AG | 8,720 | 334,127 | ||||||
Freenet AG | 30,542 | 818,277 | ||||||
QSC AG | 7,192 | 22,850 | ||||||
1,175,254 |
24 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Transportation 0.0% | ||||||||
Hamburger Hafen und Logistik AG | 3,920 | 95,033 | ||||||
17,573,898 | ||||||||
Greece 0.8% | ||||||||
Capital Goods 0.1% | ||||||||
Ellaktor S.A. * | 23,370 | 107,125 | ||||||
Metka S.A. | 5,700 | 85,817 | ||||||
192,942 | ||||||||
Consumer Services 0.2% | ||||||||
Intralot S.A. Integrated Lottery Systems & Services * | 19,200 | 44,764 | ||||||
OPAP S.A. | 44,577 | 709,886 | ||||||
754,650 | ||||||||
Diversified Financials 0.1% | ||||||||
Hellenic Exchanges - Athens Stock Exchange S.A. Holding * | 13,680 | 127,937 | ||||||
Marfin Investment Group Holdings S.A. * | 171,000 | 89,871 | ||||||
217,808 | ||||||||
Energy 0.0% | ||||||||
Motor Oil Hellas Corinth Refineries S.A. | 10,005 | 107,933 | ||||||
Materials 0.1% | ||||||||
Mytilineos Holdings S.A. * | 19,651 | 159,965 | ||||||
Titan Cement Co. S.A. | 10,048 | 268,675 | ||||||
428,640 | ||||||||
Real Estate 0.0% | ||||||||
Eurobank Properties Real Estate Investment Co. | 9,800 | 119,275 | ||||||
Retailing 0.2% | ||||||||
FF Group * | 11,800 | 489,603 | ||||||
JUMBO S.A. * | 23,600 | 348,163 | ||||||
837,766 | ||||||||
Utilities 0.1% | ||||||||
Public Power Corp. S.A. * | 22,470 | 327,052 | ||||||
The Athens Water Supply & Sewage Co. S.A. | 6,118 | 76,074 | ||||||
403,126 | ||||||||
3,062,140 | ||||||||
Hong Kong 2.0% | ||||||||
Automobiles & Components 0.1% | ||||||||
Minth Group Ltd. | 156,000 | 332,123 | ||||||
Nexteer Automotive Group Ltd. | 108,000 | 92,808 | ||||||
Xinchen China Power Holdings Ltd. * | 179,000 | 98,852 | ||||||
523,783 | ||||||||
Capital Goods 0.1% | ||||||||
FDG Electric Vehicles Ltd. *(a) | 1,520,000 | 107,869 | ||||||
Louis XIII Holdings Ltd. * | 68,000 | 50,451 | ||||||
Singamas Container Holdings Ltd. | 548,000 | 108,184 | ||||||
Summit Ascent Holdings Ltd. * | 144,000 | 88,070 | ||||||
354,574 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
Goodbaby International Holdings Ltd. | 174,000 | 86,437 | ||||||
Lung Cheong International Holdings Ltd. * | 678,000 | 96,230 | ||||||
Man Wah Holdings Ltd. | 96,800 | 155,377 | ||||||
Pacific Textiles Holdings Ltd. | 130,000 | 155,661 | ||||||
Stella International Holdings Ltd. | 68,500 | 188,261 | ||||||
681,966 | ||||||||
Consumer Services 0.1% | ||||||||
NagaCorp Ltd. | 269,343 | 210,257 | ||||||
Regal Hotels International Holdings Ltd. | 64,000 | 38,565 | ||||||
REXLot Holdings Ltd. (c) | 2,000,000 | 229,673 | ||||||
478,495 | ||||||||
Diversified Financials 0.1% | ||||||||
Value Partners Group Ltd. | 274,000 | 211,771 | ||||||
Energy 0.1% | ||||||||
Anton Oilfield Services Group (c) | 260,041 | 111,732 | ||||||
Honghua Group Ltd. (c) | 521,677 | 138,663 | ||||||
Newocean Energy Holdings Ltd. (c) | 160,626 | 91,814 | ||||||
Sino Oil & Gas Holdings Ltd. * | 4,925,000 | 152,513 | ||||||
SPT Energy Group, Inc. (c) | 144,000 | 73,206 | ||||||
Sunshine Oilsands Ltd. * | 308,500 | 36,223 | ||||||
604,151 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Vitasoy International Holdings Ltd. | 242,000 | 305,382 | ||||||
Materials 0.2% | ||||||||
G-Resources Group Ltd. * | 7,890,000 | 212,771 | ||||||
TCC International Holdings Ltd. | 420,000 | 186,422 | ||||||
Yingde Gases Group Co., Ltd. | 205,500 | 219,815 | ||||||
619,008 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
The United Laboratories International Holdings Ltd. * | 202,000 | 155,342 | ||||||
Real Estate 0.3% | ||||||||
COFCO Land Holdings Ltd. * | 588,000 | 147,946 | ||||||
Fortune Real Estate Investment Trust | 62,000 | 57,999 | ||||||
K Wah International Holdings Ltd. | 274,000 | 179,246 | ||||||
Lai Sun Development Co., Ltd. * | 3,081,000 | 80,303 | ||||||
Liu Chong Hing Investment Ltd. | 24,000 | 31,586 | ||||||
Midland Holdings Ltd. *(c) | 260,000 | 128,488 | ||||||
Sunlight Real Estate Investment Trust | 274,000 | 114,901 | ||||||
Yuexiu Real Estate Investment Trust | 548,000 | 282,833 | ||||||
1,023,302 | ||||||||
Retailing 0.2% | ||||||||
Chow Sang Sang Holdings International Ltd. | 74,000 | 185,808 | ||||||
Emperor Watch & Jewellery Ltd. | 1,560,000 | 93,598 | ||||||
Giordano International Ltd. | 274,000 | 162,629 | ||||||
Luk Fook Holdings International Ltd. | 80,000 | 250,834 | ||||||
New World Department Store China Ltd. | 274,000 | 117,376 | ||||||
Springland International Holdings Ltd. | 242,000 | 95,237 | ||||||
905,482 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Landing International Development Ltd. * | 1,815,000 | 111,240 | ||||||
United Photovoltaics Group Ltd. * | 538,000 | 64,558 |
See financial notes 25
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Varitronix International Ltd. | 153,000 | 133,453 | ||||||
309,251 | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
Ju Teng International Holdings Ltd. | 274,000 | 158,740 | ||||||
TCL Communication Technology Holdings Ltd. | 185,000 | 229,396 | ||||||
Truly International Holdings Ltd. | 390,000 | 211,854 | ||||||
599,990 | ||||||||
Telecommunication Services 0.2% | ||||||||
APT Satellite Holdings Ltd. | 39,000 | 57,367 | ||||||
Citic 21CN Co., Ltd. * | 496,000 | 390,392 | ||||||
CITIC Telecom International Holdings Ltd. | 189,000 | 75,842 | ||||||
SmarTone Telecommunications Holding Ltd. | 137,000 | 202,226 | ||||||
725,827 | ||||||||
Transportation 0.1% | ||||||||
Pacific Basin Shipping Ltd. | 708,000 | 434,841 | ||||||
SITC International Holdings Co., Ltd. | 186,000 | 83,278 | ||||||
518,119 | ||||||||
8,016,443 | ||||||||
Ireland 0.6% | ||||||||
Capital Goods 0.2% | ||||||||
Kingspan Group plc | 48,041 | 838,139 | ||||||
Consumer Services 0.1% | ||||||||
Paddy Power plc | 7,840 | 502,401 | ||||||
Food, Beverage & Tobacco 0.3% | ||||||||
C&C Group plc | 92,540 | 526,581 | ||||||
Glanbia plc | 32,670 | 499,182 | ||||||
1,025,763 | ||||||||
Transportation 0.0% | ||||||||
Aer Lingus Group plc | 56,526 | 100,888 | ||||||
2,467,191 | ||||||||
Israel 0.4% | ||||||||
Capital Goods 0.0% | ||||||||
Discount Investment Corp. - Reg’d * | 10,900 | 89,744 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. | 3,270 | 162,840 | ||||||
Health Care Equipment & Services 0.0% | ||||||||
Mazor Robotics Ltd. * | 16,350 | 111,752 | ||||||
Insurance 0.0% | ||||||||
Menorah Mivtachim Holdings Ltd. | 13,080 | 148,087 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Evogene Ltd. * | 6,540 | 85,077 | ||||||
Kamada Ltd. * | 4,656 | 31,993 | ||||||
117,070 | ||||||||
Real Estate 0.1% | ||||||||
Africa Israel Investments Ltd. * | 34,880 | 57,671 | ||||||
Africa Israel Properties Ltd. * | 3,969 | 70,128 | ||||||
Alony Hetz Properties & Investments Ltd. | 16,350 | 122,199 | ||||||
Jerusalem Economy Ltd. | 8,412 | 70,933 | ||||||
Jerusalem Oil Exploration * | 2,420 | 103,896 | ||||||
Nitsba Holdings 1995 Ltd. * | 6,050 | 99,302 | ||||||
524,129 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Nova Measuring Instruments Ltd. * | 14,124 | 156,898 | ||||||
Software & Services 0.0% | ||||||||
Allot Communications Ltd. * | 7,062 | 73,501 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
AudioCodes Ltd. * | 8,447 | 46,089 | ||||||
Gilat Satellite Networks Ltd. * | 10,009 | 47,543 | ||||||
Ituran Location and Control Ltd. | 5,639 | 122,660 | ||||||
216,292 | ||||||||
1,600,313 | ||||||||
Italy 3.6% | ||||||||
Automobiles & Components 0.1% | ||||||||
Brembo S.p.A. | 4,346 | 154,391 | ||||||
Piaggio & C S.p.A. *(c) | 49,454 | 150,085 | ||||||
304,476 | ||||||||
Banks 1.1% | ||||||||
Banca Carige S.p.A. * | 1,209,904 | 193,155 | ||||||
Banca Monte dei Paschi di Siena S.p.A. * | 929,955 | 1,393,978 | ||||||
Banca Popolare dell’Emilia Romagna SC * | 93,775 | 788,678 | ||||||
Banca Popolare di Milano Scarl * | 1,028,500 | 820,295 | ||||||
Banca Popolare di Sondrio Scarl | 109,429 | 499,301 | ||||||
Credito Emiliano S.p.A. | 32,264 | 298,762 | ||||||
Credito Valtellinese Scarl * | 295,281 | 341,299 | ||||||
4,335,468 | ||||||||
Capital Goods 0.2% | ||||||||
C.I.R. - Compagnie Industriali Riunite S.p.A * | 48,612 | 70,691 | ||||||
Danieli & C Officine Meccaniche S.p.A. | 17,734 | 386,595 | ||||||
Industria Macchine Automatiche S.p.A. | 1,311 | 49,785 | ||||||
Interpump Group S.p.A. | 19,620 | 262,570 | ||||||
Trevi Finanziaria Industriale S.p.A. | 5,857 | 41,892 | ||||||
811,533 | ||||||||
Consumer Durables & Apparel 0.3% | ||||||||
Brunello Cucinelli S.p.A. | 3,920 | 98,105 | ||||||
De’Longhi S.p.A. | 7,062 | 150,600 | ||||||
Indesit Co. S.p.A. * | 3,829 | 54,723 | ||||||
Moncler S.p.A. | 21,780 | 342,255 | ||||||
Safilo Group S.p.A. *(c) | 3,435 | 71,398 | ||||||
Tod’s S.p.A. (c) | 4,042 | 448,824 | ||||||
1,165,905 | ||||||||
Consumer Services 0.1% | ||||||||
Autogrill S.p.A. * | 24,200 | 203,530 | ||||||
Diversified Financials 0.3% | ||||||||
Azimut Holding S.p.A. | 27,810 | 725,667 | ||||||
Banca Generali S.p.A. | 18,787 | 511,752 | ||||||
1,237,419 | ||||||||
Energy 0.1% | ||||||||
ERG S.p.A. | 19,704 | 276,671 |
26 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Saras S.p.A. * | 78,480 | 93,967 | ||||||
370,638 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
DiaSorin S.p.A. | 9,865 | 389,955 | ||||||
Sorin S.p.A. * | 155,824 | 394,083 | ||||||
784,038 | ||||||||
Insurance 0.4% | ||||||||
Societa Cattolica di Assicurazioni Scarl | 11,949 | 260,956 | ||||||
Unipol Gruppo Finanziario S.p.A. | 59,591 | 325,747 | ||||||
UnipolSai S.p.A | 233,187 | 734,098 | ||||||
UnipolSai S.p.A. RSP | 84,700 | 258,166 | ||||||
1,578,967 | ||||||||
Materials 0.1% | ||||||||
Cementir Holding S.p.A. | 9,538 | 64,827 | ||||||
Italcementi S.p.A. | 38,312 | 277,555 | ||||||
Italmobiliare S.p.A. | 4,079 | 100,419 | ||||||
442,801 | ||||||||
Media 0.0% | ||||||||
Gruppo Editoriale L’Espresso S.p.A. * | 20,778 | 32,459 | ||||||
RCS MediaGroup S.p.A. * | 40,717 | 62,643 | ||||||
95,102 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Recordati S.p.A. | 30,554 | 499,047 | ||||||
Real Estate 0.0% | ||||||||
Beni Stabili S.p.A. (c) | 226,325 | 184,235 | ||||||
Retailing 0.1% | ||||||||
World Duty Free S.p.A. * | 16,799 | 193,175 | ||||||
Yoox S.p.A. * | 11,338 | 293,461 | ||||||
486,636 | ||||||||
Technology Hardware & Equipment 0.0% | ||||||||
Ei Towers S.p.A. * | 1,404 | 74,066 | ||||||
Transportation 0.1% | ||||||||
Ansaldo STS S.p.A. | 48,456 | 513,163 | ||||||
ASTM S.p.A. | 4,986 | 68,171 | ||||||
Societa Iniziative Autostradali e Servizi S.p.A. | 7,260 | 82,002 | ||||||
663,336 | ||||||||
Utilities 0.4% | ||||||||
A2A S.p.A. | 355,196 | 389,965 | ||||||
ACEA S.p.A. | 26,160 | 355,606 | ||||||
Hera S.p.A. | 196,650 | 553,801 | ||||||
Iren S.p.A. | 129,549 | 183,440 | ||||||
1,482,812 | ||||||||
14,720,009 | ||||||||
Japan 15.1% | ||||||||
Automobiles & Components 0.7% | ||||||||
Akebono Brake Industry Co., Ltd. | 27,400 | 121,854 | ||||||
Daido Metal Co., Ltd. | 10,000 | 127,064 | ||||||
HI-LEX Corp. | 4,300 | 115,525 | ||||||
Keihin Corp. | 13,700 | 193,727 | ||||||
Mitsuba Corp. | 6,300 | 104,186 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 11,100 | 251,202 | ||||||
Nifco, Inc. | 13,700 | 463,546 | ||||||
Nippon Seiki Co., Ltd. | 8,000 | 178,505 | ||||||
Nissin Kogyo Co., Ltd. | 17,400 | 314,552 | ||||||
Pacific Industrial Co., Ltd. | 12,100 | 90,850 | ||||||
Press Kogyo Co., Ltd. | 28,000 | 112,393 | ||||||
Sanden Corp. | 13,000 | 79,087 | ||||||
Showa Corp. | 13,700 | 153,900 | ||||||
Toyo Tire & Rubber Co., Ltd. | 13,600 | 222,423 | ||||||
TPR Co., Ltd. | 9,600 | 251,817 | ||||||
Unipres Corp. | 8,000 | 158,252 | ||||||
2,938,883 | ||||||||
Banks 0.9% | ||||||||
Ashikaga Holdings Co., Ltd. | 24,400 | 97,003 | ||||||
Bank of the Ryukyus Ltd. | 13,700 | 221,948 | ||||||
FIDEA Holdings Co., Ltd. | 90,200 | 190,151 | ||||||
Jimoto Holdings, Inc. | 45,100 | 93,773 | ||||||
The Bank of Iwate Ltd. | 3,200 | 149,704 | ||||||
The Bank of Nagoya Ltd. | 27,000 | 106,820 | ||||||
The Bank of Okinawa Ltd. | 3,200 | 135,381 | ||||||
The Chiba Kogyo Bank Ltd. | 18,900 | 139,724 | ||||||
The Fukui Bank Ltd. | 124,000 | 293,632 | ||||||
The Kiyo Bank Ltd. | 24,800 | 358,088 | ||||||
The Miyazaki Bank Ltd. | 45,000 | 144,246 | ||||||
The Ogaki Kyoritsu Bank Ltd. | 59,000 | 163,566 | ||||||
The Oita Bank Ltd. | 48,000 | 180,661 | ||||||
The Toho Bank Ltd. | 98,000 | 349,040 | ||||||
The Tokyo Tomin Bank Ltd. (c) | 24,200 | 284,898 | ||||||
The Towa Bank Ltd. | 189,000 | 178,293 | ||||||
The Yachiyo Bank Ltd. | 4,700 | 149,074 | ||||||
The Yamagata Bank Ltd. | 22,000 | 103,980 | ||||||
TOMONY Holdings, Inc. | 48,400 | 204,530 | ||||||
Tsukuba Bank Ltd. | 32,800 | 118,716 | ||||||
3,663,228 | ||||||||
Capital Goods 3.9% | ||||||||
Aica Kogyo Co., Ltd. | 18,600 | 445,104 | ||||||
Aida Engineering Ltd. | 13,700 | 131,085 | ||||||
Asahi Diamond Industrial Co., Ltd. | 13,000 | 182,702 | ||||||
Central Glass Co., Ltd. | 93,000 | 346,450 | ||||||
CKD Corp. | 6,900 | 65,423 | ||||||
Daifuku Co., Ltd. | 15,100 | 179,220 | ||||||
Daihen Corp. | 10,000 | 40,429 | ||||||
Denyo Co., Ltd. | 13,700 | 197,683 | ||||||
Fudo Tetra Corp. | 36,300 | 87,007 | ||||||
Fuji Machine Manufacturing Co., Ltd. | 24,200 | 230,620 | ||||||
Fujitec Co., Ltd. | 12,100 | 141,750 | ||||||
Furukawa Co., Ltd. | 35,000 | 80,859 | ||||||
Futaba Corp. | 13,000 | 200,472 | ||||||
Hanwa Co., Ltd. | 91,000 | 359,147 | ||||||
Hazama Ando Corp. | 42,100 | 310,831 | ||||||
Hibiya Engineering Ltd. | 6,300 | 98,183 | ||||||
Hitachi Zosen Corp. | 68,500 | 336,285 | ||||||
Inaba Denki Sangyo Co., Ltd. | 12,600 | 431,785 | ||||||
Iwatani Corp. | 32,000 | 250,123 | ||||||
Kanamoto Co., Ltd. | 11,200 | 512,105 | ||||||
Kanematsu Corp. | 76,000 | 127,295 | ||||||
Kato Works Co., Ltd. | 6,000 | 43,375 | ||||||
Kitz Corp. | 41,100 | 219,970 | ||||||
Komori Corp. | 13,000 | 151,042 | ||||||
Kumagai Gumi Co., Ltd. * | 48,000 | 170,958 | ||||||
Kyowa Exeo Corp. | 31,800 | 434,367 | ||||||
Kyudenko Corp. | 8,000 | 93,257 | ||||||
Maeda Corp. | 32,000 | 292,323 | ||||||
Makino Milling Machine Co., Ltd. | 14,000 | 104,038 |
See financial notes 27
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Meidensha Corp. | 44,000 | 177,042 | ||||||
Mirait Holdings Corp. | 27,400 | 312,548 | ||||||
Miura Co., Ltd. | 12,600 | 435,424 | ||||||
MonotaRO Co., Ltd. | 4,800 | 133,902 | ||||||
Nachi-Fujikoshi Corp. | 26,000 | 173,192 | ||||||
Namura Shipbuilding Co., Ltd. | 8,100 | 75,398 | ||||||
Nichias Corp. | 19,000 | 126,929 | ||||||
Nihon Trim Co., Ltd. | 1,000 | 31,044 | ||||||
Nippon Densetsu Kogyo Co., Ltd. | 8,300 | 139,179 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 23,000 | 90,109 | ||||||
Nishimatsu Construction Co., Ltd. | 75,000 | 400,683 | ||||||
Nishio Rent All Co., Ltd. | 2,000 | 91,640 | ||||||
Nitto Boseki Co., Ltd. | 67,000 | 277,971 | ||||||
Nitto Kogyo Corp. | 12,100 | 250,305 | ||||||
Noritz Corp. | 17,700 | 304,811 | ||||||
Obara Group, Inc. | 2,000 | 76,238 | ||||||
Oiles Corp. | 12,800 | 324,297 | ||||||
Okabe Co., Ltd. | 13,700 | 164,186 | ||||||
Okumura Corp. | 96,000 | 561,852 | ||||||
OSG Corp. | 13,000 | 222,121 | ||||||
Penta-Ocean Construction Co., Ltd. | 68,500 | 251,884 | ||||||
Raito Kogyo Co., Ltd. | 8,400 | 75,360 | ||||||
Ryobi Ltd. | 21,000 | 62,665 | ||||||
Sankyo Tateyama, Inc. | 8,500 | 164,461 | ||||||
Sanwa Holdings Corp. | 45,000 | 329,643 | ||||||
Shima Seiki Manufacturing Ltd. | 13,000 | 209,857 | ||||||
Shinmaywa Industries Ltd. | 13,000 | 127,766 | ||||||
SHO-BOND Holdings Co., Ltd. | 5,100 | 212,081 | ||||||
Showa Aircraft Industry Co., Ltd. | 5,000 | 53,761 | ||||||
Sintokogio Ltd. | 33,400 | 223,771 | ||||||
Sodick Co., Ltd. | 28,100 | 459,565 | ||||||
Star Micronics Co., Ltd. | 13,700 | 193,199 | ||||||
Sumitomo Densetsu Co., Ltd. | 2,800 | 39,109 | ||||||
Sumitomo Mitsui Construction Co., Ltd. * | 158,400 | 193,645 | ||||||
Tadano Ltd. | 25,000 | 450,017 | ||||||
Taikisha Ltd. | 13,700 | 325,340 | ||||||
Takasago Thermal Engineering Co., Ltd. | 27,400 | 346,044 | ||||||
Takuma Co., Ltd. | 10,000 | 63,917 | ||||||
Tekken Corp. | 23,000 | 109,371 | ||||||
The Nippon Road Co., Ltd. | 6,000 | 33,787 | ||||||
Toa Corp. | 16,000 | 29,725 | ||||||
Tokyu Construction Co., Ltd. | 20,900 | 107,633 | ||||||
Totetsu Kogyo Co., Ltd. | 13,000 | 322,607 | ||||||
Tsubakimoto Chain Co. | 35,000 | 298,503 | ||||||
Tsugami Corp. | 5,000 | 26,520 | ||||||
Wakita & Co., Ltd. | 10,000 | 116,090 | ||||||
YAMABIKO Corp. | 1,800 | 59,171 | ||||||
Yokogawa Bridge Holdings Corp. | 7,000 | 102,623 | ||||||
15,620,874 | ||||||||
Commercial & Professional Services 0.5% | ||||||||
Daiseki Co., Ltd. | 14,500 | 260,172 | ||||||
Duskin Co., Ltd. | 15,300 | 271,876 | ||||||
Kokuyo Co., Ltd. | 24,200 | 193,348 | ||||||
Meitec Corp. | 10,900 | 351,495 | ||||||
Mitsubishi Pencil Co., Ltd. | 10,700 | 339,380 | ||||||
Nihon M&A Center, Inc. | 4,800 | 151,783 | ||||||
Nissha Printing Co., Ltd. | 6,800 | 88,367 | ||||||
Okamura Corp. | 14,000 | 114,550 | ||||||
Pilot Corp. | 3,200 | 175,579 | ||||||
Sanix, Inc. * | 6,400 | 54,953 | ||||||
2,001,503 | ||||||||
Consumer Durables & Apparel 0.7% | ||||||||
Alpine Electronics, Inc. | 13,700 | 218,651 | ||||||
Foster Electric Co., Ltd. | 5,500 | 80,156 | ||||||
Fujibo Holdings, Inc. | 22,000 | 71,367 | ||||||
Fujitsu General Ltd. | 7,000 | 97,435 | ||||||
Gunze Ltd. | 101,000 | 285,835 | ||||||
JVC Kenwood Corp. * | 41,100 | 110,381 | ||||||
Mizuno Corp. | 39,000 | 226,751 | ||||||
Pioneer Corp. * | 78,000 | 242,518 | ||||||
Sangetsu Co., Ltd. | 13,000 | 353,391 | ||||||
Seiko Holdings Corp. | 28,000 | 122,366 | ||||||
Seiren Co., Ltd. | 13,000 | 117,004 | ||||||
Tamron Co., Ltd. | 7,800 | 163,981 | ||||||
Token Corp. | 1,300 | 59,253 | ||||||
Tomy Co., Ltd. | 52,000 | 283,313 | ||||||
TSI Holdings Co., Ltd. | 39,000 | 269,173 | ||||||
Yondoshi Holdings, Inc. | 4,600 | 93,032 | ||||||
2,794,607 | ||||||||
Consumer Services 0.6% | ||||||||
Accordia Golf Co., Ltd. | 35,200 | 421,512 | ||||||
Colowide Co., Ltd. (c) | 12,100 | 158,988 | ||||||
Doutor Nichires Holdings Co., Ltd. | 17,400 | 285,241 | ||||||
Fuji Kyuko Co., Ltd. | 4,000 | 43,048 | ||||||
HIS Co., Ltd. | 8,200 | 245,088 | ||||||
MOS Food Services, Inc. | 12,100 | 258,574 | ||||||
Round One Corp. | 17,000 | 110,786 | ||||||
Saizeriya Co., Ltd. | 6,400 | 87,543 | ||||||
Tokyo Dome Corp. | 54,000 | 250,546 | ||||||
Tokyotokeiba Co., Ltd. | 27,000 | 85,248 | ||||||
Yoshinoya Holdings Co., Ltd. (c) | 13,200 | 163,150 | ||||||
Zensho Holdings Co., Ltd. (c) | 24,200 | 225,962 | ||||||
2,335,686 | ||||||||
Diversified Financials 0.6% | ||||||||
Fuyo General Lease Co., Ltd. | 9,100 | 364,841 | ||||||
IBJ Leasing Co., Ltd. | 13,000 | 319,478 | ||||||
Ichiyoshi Securities Co., Ltd. | 6,300 | 76,108 | ||||||
J Trust Co., Ltd. | 27,000 | 297,849 | ||||||
Jaccs Co., Ltd. | 19,000 | 110,834 | ||||||
Japan Securities Finance Co., Ltd. | 27,400 | 171,176 | ||||||
kabu.com Securities Co., Ltd. | 34,300 | 162,115 | ||||||
Kyokuto Securities Co., Ltd. | 4,400 | 75,349 | ||||||
Marusan Securities Co., Ltd. | 12,800 | 95,860 | ||||||
Mito Securities Co., Ltd. | 16,700 | 63,980 | ||||||
Monex Group, Inc. | 21,100 | 66,417 | ||||||
Ricoh Leasing Co., Ltd. | 3,100 | 89,671 | ||||||
Toyo Securities Co., Ltd. | 9,000 | 25,730 | ||||||
Zenkoku Hosho Co., Ltd. | 17,900 | 480,044 | ||||||
2,399,452 | ||||||||
Energy 0.2% | ||||||||
Itochu Enex Co., Ltd. | 13,700 | 98,776 | ||||||
Modec, Inc. | 3,200 | 87,512 | ||||||
Nippon Coke & Engineering Co., Ltd. | 65,000 | 71,329 | ||||||
Nippon Gas Co., Ltd. | 9,100 | 274,616 | ||||||
San-Ai Oil Co., Ltd. | 15,000 | 115,079 | ||||||
Shinko Plantech Co., Ltd. | 13,700 | 106,424 | ||||||
Toyo Kanetsu KK | 24,000 | 60,298 | ||||||
814,034 |
28 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Food & Staples Retailing 0.3% | ||||||||
Ain Pharmaciez, Inc. | 1,900 | 91,996 | ||||||
Arcs Co., Ltd. | 13,000 | 275,304 | ||||||
Cocokara fine, Inc. | 11,000 | 291,505 | ||||||
Kasumi Co., Ltd. | 17,800 | 144,271 | ||||||
Valor Co., Ltd. | 13,000 | 208,606 | ||||||
Welcia Holdings Co., Ltd. | 3,000 | 88,222 | ||||||
Yaoko Co., Ltd. | 1,700 | 102,277 | ||||||
Yokohama Reito Co., Ltd. | 16,900 | 134,374 | ||||||
1,336,555 | ||||||||
Food, Beverage & Tobacco 0.4% | ||||||||
Fuji Oil Co., Ltd. | 26,000 | 427,973 | ||||||
Fujiya Co., Ltd. | 130,000 | 247,774 | ||||||
Hokuto Corp. | 13,700 | 259,269 | ||||||
Maruha Nichiro Corp. | 13,000 | 202,724 | ||||||
Megmilk Snow Brand Co., Ltd. | 13,700 | 180,144 | ||||||
Morinaga Milk Industry Co., Ltd. | 85,000 | 297,011 | ||||||
Nippon Suisan Kaisha Ltd. * | 52,000 | 151,167 | ||||||
1,766,062 | ||||||||
Health Care Equipment & Services 0.5% | ||||||||
Asahi Intecc Co., Ltd. | 2,500 | 116,956 | ||||||
Jeol Ltd. | 7,000 | 29,850 | ||||||
Mani, Inc. | 1,400 | 78,837 | ||||||
Nagaileben Co., Ltd. | 13,700 | 267,182 | ||||||
Nihon Kohden Corp. | 10,300 | 571,093 | ||||||
Nikkiso Co., Ltd. | 5,000 | 59,393 | ||||||
Ship Healthcare Holdings, Inc. | 10,000 | 319,584 | ||||||
Toho Holdings Co., Ltd. | 24,400 | 473,039 | ||||||
1,915,934 | ||||||||
Household & Personal Products 0.2% | ||||||||
Aderans Co., Ltd. | 12,400 | 183,699 | ||||||
Dr Ci:Labo Co., Ltd. | 2,000 | 70,944 | ||||||
Fancl Corp. | 13,000 | 162,430 | ||||||
Mandom Corp. | 9,600 | 370,563 | ||||||
787,636 | ||||||||
Materials 1.8% | ||||||||
ADEKA Corp. | 41,100 | 549,134 | ||||||
Asahi Holdings, Inc. | 13,700 | 242,389 | ||||||
Daio Paper Corp. | 15,000 | 133,706 | ||||||
Earth Chemical Co., Ltd. | 8,700 | 336,242 | ||||||
Fuji Seal International, Inc. | 2,900 | 97,844 | ||||||
Fujimi, Inc. | 13,700 | 209,552 | ||||||
Fujimori Kogyo Co., Ltd. | 1,200 | 37,080 | ||||||
Hokuetsu Kishu Paper Co., Ltd. | 36,300 | 161,434 | ||||||
Ihara Chemical Industry Co., Ltd. | 12,100 | 114,728 | ||||||
Ishihara Sangyo Kaisha Ltd. * | 130,000 | 115,127 | ||||||
Kureha Corp. | 37,000 | 182,712 | ||||||
Kyoei Steel Ltd. | 13,700 | 254,126 | ||||||
Nihon Nohyaku Co., Ltd. | 24,200 | 254,148 | ||||||
Nihon Parkerizing Co., Ltd. | 12,100 | 278,492 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 243,000 | 388,295 | ||||||
Nippon Soda Co., Ltd. | 33,000 | 174,395 | ||||||
Nippon Yakin Kogyo Co., Ltd. *(c) | 31,900 | 92,428 | ||||||
NOF Corp. | 32,000 | 219,319 | ||||||
Pacific Metals Co., Ltd. * | 32,000 | 135,227 | ||||||
Sanyo Special Steel Co., Ltd. | 30,000 | 123,598 | ||||||
Sumitomo Bakelite Co., Ltd. | 40,000 | 162,872 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 9,000 | 56,572 | ||||||
Takasago International Corp. | 22,000 | 119,016 | ||||||
Toagosei Co., Ltd. | 58,000 | 242,306 | ||||||
Toho Titanium Co., Ltd. * | 12,100 | 89,336 | ||||||
Toho Zinc Co., Ltd. | 30,000 | 127,641 | ||||||
Tokai Carbon Co., Ltd. | 44,000 | 124,099 | ||||||
Tokuyama Corp. | 130,000 | 430,476 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 13,700 | 370,837 | ||||||
Tokyo Rope Manufacturing Co., Ltd. * | 17,000 | 29,128 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 27,500 | 157,771 | ||||||
Topy Industries Ltd. | 83,000 | 160,591 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 50,000 | 234,394 | ||||||
UACJ Corp. | 110,000 | 466,959 | ||||||
Yodogawa Steel Works Ltd. | 40,000 | 172,498 | ||||||
7,044,472 | ||||||||
Media 0.1% | ||||||||
Avex Group Holdings, Inc. | 8,400 | 137,702 | ||||||
Kadokawa Corp. | 9,900 | 257,399 | ||||||
Next Co., Ltd. (c) | 6,400 | 48,793 | ||||||
443,894 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
ASKA Pharmaceutical Co., Ltd. | 5,000 | 67,141 | ||||||
JCR Pharmaceuticals Co., Ltd. | 3,400 | 82,378 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 14,500 | 225,976 | ||||||
Nippon Shinyaku Co., Ltd. | 10,000 | 318,140 | ||||||
Seikagaku Corp. | 16,800 | 306,616 | ||||||
Torii Pharmaceutical Co., Ltd. | 1,900 | 61,727 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 4,600 | 112,648 | ||||||
1,174,626 | ||||||||
Real Estate 0.4% | ||||||||
Daibiru Corp. | 13,700 | 137,283 | ||||||
Daikyo, Inc. | 85,000 | 162,824 | ||||||
Goldcrest Co., Ltd. | 1,900 | 39,011 | ||||||
Heiwa Real Estate Co., Ltd. | 13,700 | 208,892 | ||||||
Jowa Holdings Co., Ltd. | 1,900 | 70,506 | ||||||
Keihanshin Building Co., Ltd. | 39,000 | 206,854 | ||||||
Kenedix, Inc. * | 62,000 | 276,922 | ||||||
Leopalace21 Corp. * | 51,800 | 298,180 | ||||||
Relo Holdings, Inc. | 1,200 | 81,667 | ||||||
Takara Leben Co., Ltd. | 27,000 | 91,746 | ||||||
TOC Co., Ltd. | 27,400 | 186,210 | ||||||
1,760,095 | ||||||||
Retailing 0.7% | ||||||||
AOKI Holdings, Inc. | 5,200 | 62,269 | ||||||
Arcland Sakamoto Co., Ltd. | 13,700 | 317,559 | ||||||
ASKUL Corp. (c) | 8,300 | 199,740 | ||||||
Bic Camera, Inc. | 13,700 | 125,546 | ||||||
DCM Holdings Co., Ltd. | 27,400 | 186,210 | ||||||
EDION Corp. | 26,000 | 164,682 | ||||||
Geo Holdings Corp. | 13,000 | 114,251 | ||||||
Gulliver International Co., Ltd. | 20,900 | 188,711 | ||||||
Jin Co., Ltd. (c) | 3,100 | 89,671 | ||||||
Matsuya Co., Ltd. | 13,000 | 149,415 | ||||||
Nishimatsuya Chain Co., Ltd. | 12,100 | 95,626 | ||||||
The Daiei, Inc. * | 51,100 | 64,438 | ||||||
Tsutsumi Jewelry Co., Ltd. | 4,000 | 97,377 | ||||||
United Arrows Ltd. | 10,100 | 370,419 | ||||||
Xebio Co., Ltd. | 13,700 | 224,718 | ||||||
Yellow Hat Ltd. | 9,600 | 208,846 | ||||||
2,659,478 | ||||||||
Semiconductors & Semiconductor Equipment 0.2% | ||||||||
Sanken Electric Co., Ltd. | 22,000 | 183,183 |
See financial notes 29
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Shindengen Electric Manufacturing Co., Ltd. | 9,000 | 59,258 | ||||||
Tokyo Seimitsu Co., Ltd. | 13,700 | 230,125 | ||||||
Ulvac, Inc. * | 13,000 | 175,319 | ||||||
647,885 | ||||||||
Software & Services 0.6% | ||||||||
Ateam, Inc. | 1,000 | 64,109 | ||||||
Broadleaf Co., Ltd. | 5,200 | 87,947 | ||||||
Dwango Co., Ltd. | 3,200 | 71,186 | ||||||
Fuji Soft, Inc. | 13,000 | 312,220 | ||||||
GMO internet, Inc. | 18,300 | 172,986 | ||||||
GMO Payment Gateway, Inc. | 1,500 | 72,340 | ||||||
Gurunavi, Inc. | 6,700 | 106,158 | ||||||
Ines Corp. | 13,000 | 107,369 | ||||||
Internet Initiative Japan, Inc. | 5,900 | 123,412 | ||||||
IT Holdings Corp. | 13,000 | 240,015 | ||||||
Marvelous, Inc. | 6,300 | 80,293 | ||||||
NET One Systems Co., Ltd. | 26,000 | 162,179 | ||||||
Nihon Unisys Ltd. | 21,700 | 200,530 | ||||||
NSD Co., Ltd. | 13,000 | 203,600 | ||||||
SMS Co., Ltd. | 3,500 | 90,697 | ||||||
Transcosmos, Inc. | 13,000 | 264,167 | ||||||
2,359,208 | ||||||||
Technology Hardware & Equipment 1.1% | ||||||||
Ai Holdings Corp. | 13,000 | 264,042 | ||||||
Amano Corp. | 14,100 | 152,422 | ||||||
Canon Electronics, Inc. | 13,700 | 261,116 | ||||||
Daiwabo Holdings Co., Ltd. | 137,000 | 275,622 | ||||||
Eizo Corp. | 3,800 | 98,763 | ||||||
Enplas Corp. | 2,500 | 141,262 | ||||||
Hitachi Kokusai Electric, Inc. | 10,000 | 154,979 | ||||||
Horiba Ltd. | 13,500 | 507,460 | ||||||
Hosiden Corp. | 47,400 | 258,707 | ||||||
Japan Aviation Electronics Industry Ltd. | 8,000 | 184,281 | ||||||
Japan Cash Machine Co., Ltd. (c) | 2,500 | 50,633 | ||||||
Mitsumi Electric Co., Ltd. | 24,200 | 198,473 | ||||||
Nichicon Corp. | 26,900 | 196,536 | ||||||
Nippon Chemi-Con Corp. * | 30,000 | 88,656 | ||||||
Oki Electric Industry Co., Ltd. | 137,000 | 309,910 | ||||||
Riso Kagaku Corp. | 2,600 | 84,343 | ||||||
Ryosan Co., Ltd. | 14,500 | 319,074 | ||||||
The Nippon Signal Co., Ltd. | 24,200 | 249,256 | ||||||
Topcon Corp. | 18,100 | 423,207 | ||||||
Wacom Co., Ltd. | 49,600 | 223,447 | ||||||
4,442,189 | ||||||||
Transportation 0.4% | ||||||||
Hamakyorex Co., Ltd. | 3,100 | 105,338 | ||||||
Iino Kaiun Kaisha Ltd. | 39,900 | 252,339 | ||||||
Maruzen Showa Unyu Co., Ltd. | 31,000 | 100,861 | ||||||
Nankai Electric Railway Co., Ltd. | 130,000 | 639,457 | ||||||
Nippon Konpo Unyu Soko Co., Ltd. | 13,700 | 242,785 | ||||||
Nissin Corp. | 37,000 | 101,863 | ||||||
Sankyu, Inc. | 35,000 | 175,531 | ||||||
The Sumitomo Warehouse Co., Ltd. | 32,000 | 172,806 | ||||||
1,790,980 | ||||||||
Utilities 0.0% | ||||||||
Saibu Gas Co., Ltd. | 53,000 | 135,198 | ||||||
60,832,479 | ||||||||
Netherlands 1.8% | ||||||||
Capital Goods 0.4% | ||||||||
Aalberts Industries N.V. | 23,025 | 639,781 | ||||||
Arcadis N.V. | 15,576 | 515,790 | ||||||
Grontmij * | 10,932 | 54,416 | ||||||
Koninklijke BAM Groep N.V. | 62,812 | 148,842 | ||||||
Royal Imtech N.V. *(c) | 62,327 | 31,525 | ||||||
TKH Group N.V. | 9,280 | 314,147 | ||||||
1,704,501 | ||||||||
Commercial & Professional Services 0.0% | ||||||||
USG People N.V. | 11,474 | 148,128 | ||||||
Consumer Durables & Apparel 0.0% | ||||||||
TomTom N.V. * | 16,927 | 130,166 | ||||||
Diversified Financials 0.1% | ||||||||
BinckBank N.V. | 24,331 | 266,870 | ||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Corbion N.V. | 17,119 | 287,276 | ||||||
Nutreco N.V. | 17,074 | 658,391 | ||||||
945,667 | ||||||||
Insurance 0.3% | ||||||||
Delta Lloyd N.V. | 39,822 | 961,736 | ||||||
Materials 0.2% | ||||||||
APERAM * | 11,160 | 360,369 | ||||||
Koninklijke Ten Cate N.V. | 9,471 | 234,721 | ||||||
595,090 | ||||||||
Real Estate 0.4% | ||||||||
Eurocommercial Properties N.V. | 12,714 | 626,166 | ||||||
Vastned Retail N.V. | 6,609 | 322,360 | ||||||
Wereldhave N.V. | 5,391 | 497,427 | ||||||
1,445,953 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
ASM International N.V. | 10,225 | 397,990 | ||||||
Transportation 0.1% | ||||||||
PostNL N.V. * | 109,289 | 548,615 | ||||||
7,144,716 | ||||||||
New Zealand 0.6% | ||||||||
Energy 0.1% | ||||||||
New Zealand Oil & Gas Ltd. | 150,337 | 97,532 | ||||||
Z Energy Ltd. | 49,050 | 163,828 | ||||||
261,360 | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
a2 Milk Co., Ltd. * | 87,200 | 46,717 | ||||||
Synlait Milk Ltd. * | 21,800 | 62,046 | ||||||
108,763 | ||||||||
Health Care Equipment & Services 0.0% | ||||||||
Metlifecare Ltd. | 27,250 | 106,071 | ||||||
Insurance 0.0% | ||||||||
Tower Ltd. | 48,920 | 80,673 | ||||||
Materials 0.0% | ||||||||
Nuplex Industries Ltd. | 65,557 | 167,377 | ||||||
Real Estate 0.1% | ||||||||
Goodman Property Trust | 341,883 | 321,964 |
30 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Precinct Properties New Zealand Ltd. | 141,310 | 133,669 | ||||||
455,633 | ||||||||
Retailing 0.1% | ||||||||
Kathmandu Holdings Ltd. | 51,309 | 141,308 | ||||||
Trade Me Group Ltd. | 65,155 | 201,803 | ||||||
343,111 | ||||||||
Telecommunication Services 0.0% | ||||||||
Chorus Ltd. | 88,290 | 129,708 | ||||||
Transportation 0.1% | ||||||||
Freightways Ltd. | 42,392 | 183,110 | ||||||
Mainfreight Ltd. | 14,124 | 178,885 | ||||||
361,995 | ||||||||
Utilities 0.2% | ||||||||
Infratil Ltd. | 155,206 | 313,764 | ||||||
Mighty River Power Ltd. | 134,360 | 271,059 | ||||||
584,823 | ||||||||
2,599,514 | ||||||||
Norway 1.9% | ||||||||
Banks 0.2% | ||||||||
SpareBank 1 SR Bank A.S.A. | 24,200 | 238,976 | ||||||
Sparebanken 1 SMN | 43,247 | 406,062 | ||||||
645,038 | ||||||||
Commercial & Professional Services 0.1% | ||||||||
Tomra Systems A.S.A. | 43,654 | 369,248 | ||||||
Diversified Financials 0.0% | ||||||||
Aker A.S.A., A Shares | 3,920 | 144,687 | ||||||
Energy 0.8% | ||||||||
Archer Ltd. * | 59,411 | 102,429 | ||||||
BW LPG Ltd. (e) | 11,143 | 153,692 | ||||||
BW Offshore Ltd. | 121,000 | 168,067 | ||||||
Det Norske Oljeselskap A.S.A. * | 24,200 | 249,749 | ||||||
DNO A.S.A. * | 253,136 | 765,489 | ||||||
Fred. Olsen Energy A.S.A. | 7,518 | 176,838 | ||||||
Kvaerner A.S.A. | 27,811 | 47,949 | ||||||
Petroleum Geo-Services A.S.A. | 52,985 | 400,055 | ||||||
Prosafe SE | 44,538 | 272,108 | ||||||
TGS Nopec Geophysical Co. A.S.A. | 24,266 | 683,527 | ||||||
3,019,903 | ||||||||
Food, Beverage & Tobacco 0.3% | ||||||||
Austevoll Seafood A.S.A. | 21,196 | 135,194 | ||||||
Cermaq A.S.A. | 16,055 | 211,825 | ||||||
Marine Harvest A.S.A. | 63,593 | 863,218 | ||||||
1,210,237 | ||||||||
Insurance 0.1% | ||||||||
Storebrand A.S.A. * | 101,370 | 564,516 | ||||||
Real Estate 0.1% | ||||||||
Norwegian Property A.S.A. * | 166,803 | 267,330 | ||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
Nordic Semiconductor A.S.A. *(c) | 45,660 | 277,189 | ||||||
REC Silicon A.S.A. * | 465,536 | 251,563 | ||||||
528,752 | ||||||||
Software & Services 0.1% | ||||||||
Atea A.S.A. | 22,940 | 279,453 | ||||||
Opera Software A.S.A. | 16,538 | 239,213 | ||||||
518,666 | ||||||||
Transportation 0.1% | ||||||||
Golden Ocean Group Ltd. | 67,242 | 111,032 | ||||||
Norwegian Air Shuttle A.S. * | 1,914 | 63,674 | ||||||
Stolt-Nielsen Ltd. | 3,270 | 71,465 | ||||||
Wilh Wilhelmsen A.S.A. | 18,001 | 158,090 | ||||||
404,261 | ||||||||
7,672,638 | ||||||||
Portugal 0.7% | ||||||||
Banks 0.3% | ||||||||
Banco BPI S.A. - Reg’d * | 59,950 | 115,606 | ||||||
Banco Comercial Portugues S.A. - Reg’d * | 8,029,047 | 1,094,602 | ||||||
1,210,208 | ||||||||
Capital Goods 0.0% | ||||||||
Mota-Engil, SGPS, S.A. | 18,815 | 116,282 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Sonae, SGPS, S.A. | 266,475 | 406,459 | ||||||
Materials 0.1% | ||||||||
Altri, SGPS, S.A. | 37,940 | 113,143 | ||||||
Portucel S.A. | 52,764 | 228,171 | ||||||
Semapa-Sociedade de Investimento e Gestao | 9,680 | 131,521 | ||||||
472,835 | ||||||||
Media 0.1% | ||||||||
NOS, SGPS | 59,840 | 349,966 | ||||||
Transportation 0.1% | ||||||||
CTT-Correios de Portugal S.A. | 12,727 | 131,095 | ||||||
2,686,845 | ||||||||
Republic of Korea 4.8% | ||||||||
Automobiles & Components 0.2% | ||||||||
Hanil E-Hwa Co., Ltd. * | 3,908 | 90,189 | ||||||
Kumho Tire Co., Inc. * | 34,200 | 349,100 | ||||||
Nexen Tire Corp. | 9,130 | 129,213 | ||||||
Seoyeon Co., Ltd. | 1,791 | 34,804 | ||||||
Ssangyong Motor Co. * | 20,300 | 151,156 | ||||||
Sungwoo Hitech Co., Ltd. | 6,000 | 100,893 | ||||||
855,355 | ||||||||
Banks 0.0% | ||||||||
JB Financial Group Co., Ltd. | 18,054 | 132,118 | ||||||
Capital Goods 0.4% | ||||||||
Doosan Engine Co., Ltd. * | 10,000 | 76,828 | ||||||
Hanjin Heavy Industries & Construction Co., Ltd. * | 9,500 | 58,183 | ||||||
iMarketKorea, Inc. | 6,000 | 193,796 | ||||||
Korea Aerospace Industries Ltd. | 10,000 | 354,554 | ||||||
Korea Electric Terminal Co., Ltd. | 2,000 | 92,214 | ||||||
LG International Corp. | 9,293 | 255,708 | ||||||
LS Industrial Systems Co., Ltd. | 3,426 | 211,517 | ||||||
S&T Dynamics Co., Ltd. | 3,200 | 30,897 | ||||||
Sung Kwang Bend Co., Ltd. | 3,300 | 57,118 | ||||||
Taewoong Co., Ltd. * | 2,500 | 55,230 |
See financial notes 31
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
TK Corp. * | 3,501 | 52,483 | ||||||
1,438,528 | ||||||||
Commercial & Professional Services 0.1% | ||||||||
KEPCO Plant Service & Engineer Co., Ltd. | 2,850 | 219,804 | ||||||
Consumer Durables & Apparel 0.4% | ||||||||
Fila Korea Ltd. | 1,500 | 149,416 | ||||||
Handsome Co., Ltd. | 2,000 | 61,147 | ||||||
Hansae Co., Ltd. | 5,900 | 180,093 | ||||||
Hanssem Co., Ltd. | 5,000 | 584,348 | ||||||
LF Corp. | 5,800 | 174,466 | ||||||
Youngone Corp. | 6,060 | 338,277 | ||||||
Youngone Holdings Co., Ltd. | 1,780 | 143,074 | ||||||
1,630,821 | ||||||||
Consumer Services 0.5% | ||||||||
Grand Korea Leisure Co., Ltd. | 4,500 | 200,601 | ||||||
Hana Tour Service, Inc. | 2,970 | 208,262 | ||||||
Hotel Shilla Co., Ltd. | 7,420 | 870,832 | ||||||
MegaStudy Co., Ltd. | 1,800 | 116,278 | ||||||
Paradise Co., Ltd. | 11,400 | 441,856 | ||||||
1,837,829 | ||||||||
Diversified Financials 0.1% | ||||||||
Hankook Tire Worldwide Co., Ltd. | 5,650 | 121,754 | ||||||
KIWOOM Securities Co., Ltd. | 2,840 | 146,488 | ||||||
Meritz Securities Co., Ltd. | 40,000 | 134,721 | ||||||
402,963 | ||||||||
Energy 0.1% | ||||||||
Hankook Shell Oil Co., Ltd. | 200 | 110,262 | ||||||
SK Gas Ltd. | 1,463 | 163,044 | ||||||
273,306 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Dongsuh Co., Inc. | 12,099 | 240,441 | ||||||
GS Retail Co., Ltd. | 4,520 | 107,433 | ||||||
347,874 | ||||||||
Food, Beverage & Tobacco 0.3% | ||||||||
Binggrae Co., Ltd. | 960 | 86,063 | ||||||
Daesang Corp. | 7,130 | 388,864 | ||||||
Lotte Food Co., Ltd. | 160 | 122,610 | ||||||
Maeil Dairy Industry Co., Ltd. | 2,000 | 70,418 | ||||||
Namyang Dairy Products Co., Ltd. | 80 | 65,329 | ||||||
Ottogi Corp. | 763 | 465,799 | ||||||
Samyang Holdings Corp. | 1,310 | 108,009 | ||||||
1,307,092 | ||||||||
Health Care Equipment & Services 0.0% | ||||||||
Chabiotech Co., Ltd. * | 4,647 | 58,663 | ||||||
Medipost Co., Ltd. * | 1,901 | 106,492 | ||||||
165,155 | ||||||||
Household & Personal Products 0.0% | ||||||||
Cosmax, Inc. * | 1,496 | 156,394 | ||||||
Insurance 0.2% | ||||||||
Korean Reinsurance Co. | 24,174 | 281,329 | ||||||
LIG Insurance Co., Ltd. | 10,300 | 307,288 | ||||||
Meritz Fire & Marine Insurance Co., Ltd. | 17,092 | 230,939 | ||||||
819,556 | ||||||||
Materials 0.5% | ||||||||
Foosung Co., Ltd. * | 20,000 | 62,035 | ||||||
Hanil Cement Co., Ltd. | 1,330 | 185,606 | ||||||
Hansol Paper Co. | 7,690 | 88,356 | ||||||
Huchems Fine Chemical Corp. | 4,000 | 92,904 | ||||||
Kolon Industries, Inc. | 4,420 | 261,987 | ||||||
OCI Materials Co., Ltd. | 2,000 | 89,551 | ||||||
Poongsan Corp. | 5,250 | 163,100 | ||||||
Seah Besteel Corp. | 5,000 | 176,537 | ||||||
SK Chemicals Co., Ltd. | 5,070 | 338,517 | ||||||
Soulbrain Co., Ltd. | 1,540 | 44,425 | ||||||
Ssangyong Cement Industrial Co., Ltd. * | 7,030 | 72,799 | ||||||
Taekwang Industrial Co., Ltd. | 240 | 308,181 | ||||||
Young Poong Corp. | 186 | 255,533 | ||||||
2,139,531 | ||||||||
Media 0.3% | ||||||||
CJ CGV Co., Ltd. | 4,500 | 229,005 | ||||||
CJ E&M Corp. * | 5,700 | 266,182 | ||||||
CJ Hellovision Co., Ltd. | 7,500 | 107,254 | ||||||
KT Skylife Co., Ltd. | 2,500 | 55,599 | ||||||
SM Entertainment Co. * | 5,350 | 219,498 | ||||||
YG Entertainment, Inc. | 3,256 | 156,386 | ||||||
1,033,924 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.4% | ||||||||
Chong Kun Dang Pharmaceutical Corp. | 3,444 | 238,443 | ||||||
Daewoong Pharmaceutical Co., Ltd. | 1,946 | 126,477 | ||||||
Dong-A Socio Holdings Co., Ltd. | 1,113 | 132,820 | ||||||
Dong-A ST Co., Ltd. | 1,254 | 124,293 | ||||||
Green Cross Corp. | 1,070 | 125,578 | ||||||
Hanmi Pharm Co., Ltd. * | 966 | 88,507 | ||||||
Ilyang Pharmaceutical Co., Ltd. | 1,500 | 34,839 | ||||||
LG Life Sciences Ltd. * | 3,920 | 130,480 | ||||||
Medy-Tox, Inc. | 808 | 160,970 | ||||||
Naturalendo Tech Co., Ltd. * | 2,953 | 139,794 | ||||||
Seegene, Inc. * | 1,250 | 70,886 | ||||||
ViroMed Co., Ltd. * | 3,507 | 208,563 | ||||||
1,581,650 | ||||||||
Retailing 0.3% | ||||||||
CJ O Shopping Co., Ltd. | 618 | 219,358 | ||||||
GS Home Shopping, Inc. | 705 | 196,770 | ||||||
Hyundai Greenfood Co. Ltd. | 13,170 | 259,127 | ||||||
Hyundai Home Shopping Network Corp. | 1,540 | 247,566 | ||||||
Interpark Corp. | 7,700 | 87,332 | ||||||
Kolao Holdings | 6,780 | 127,382 | ||||||
LOTTE Himart Co., Ltd. | 2,950 | 218,206 | ||||||
1,355,741 | ||||||||
Semiconductors & Semiconductor Equipment 0.3% | ||||||||
Duksan Hi-Metal Co., Ltd. * | 3,430 | 54,125 | ||||||
Eo Technics Co., Ltd. | 4,000 | 322,304 | ||||||
GemVax & Kael Co., Ltd. * | 4,302 | 103,949 | ||||||
Hansol Technics Co., Ltd. * | 1,340 | 20,617 | ||||||
Lumens Co., Ltd. * | 15,000 | 122,195 | ||||||
Seoul Semiconductor Co., Ltd. | 9,780 | 281,647 | ||||||
Wonik IPS Co., Ltd. * | 9,800 | 125,647 | ||||||
1,030,484 |
32 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Software & Services 0.2% | ||||||||
Ahnlab, Inc. | 1,335 | 49,505 | ||||||
Com2uSCorp * | 1,691 | 209,634 | ||||||
Daou Technology, Inc. | 4,100 | 50,141 | ||||||
Gamevil, Inc. * | 1,891 | 234,056 | ||||||
Hancom, Inc. | 5,000 | 124,020 | ||||||
667,356 | ||||||||
Technology Hardware & Equipment 0.2% | ||||||||
Daeduck Electronics Co. | 9,350 | 77,828 | ||||||
Daeduck GDS Co., Ltd. | 3,200 | 42,290 | ||||||
Humax Co., Ltd. | 9,800 | 106,317 | ||||||
LG Innotek Co., Ltd. * | 3,550 | 470,906 | ||||||
Partron Co., Ltd. | 11,480 | 107,333 | ||||||
SFA Engineering Corp. | 3,081 | 133,699 | ||||||
Sindoh Co., Ltd. | 750 | 50,298 | ||||||
988,671 | ||||||||
Telecommunication Services 0.0% | ||||||||
SK Broadband Co., Ltd. * | 46,851 | 167,729 | ||||||
Transportation 0.1% | ||||||||
Asiana Airlines, Inc. * | 23,700 | 112,779 | ||||||
Hanjin Kal Corp. * | 3,188 | 81,747 | ||||||
Hanjin Transportation Co., Ltd. | 3,950 | 146,477 | ||||||
Pan Ocean Co., Ltd. * | 19,950 | 85,097 | ||||||
426,100 | ||||||||
Utilities 0.1% | ||||||||
E1 Corp. | 1,395 | 95,619 | ||||||
Samchully Co., Ltd. | 1,305 | 211,719 | ||||||
307,338 | ||||||||
19,285,319 | ||||||||
Singapore 2.1% | ||||||||
Capital Goods 0.1% | ||||||||
Tat Hong Holdings Ltd. (c) | 137,000 | 91,666 | ||||||
United Engineers Ltd. | 28,000 | 63,945 | ||||||
Vard Holdings Ltd. * | 137,000 | 111,976 | ||||||
267,587 | ||||||||
Commercial & Professional Services 0.0% | ||||||||
United Envirotech Ltd. | 81,000 | 90,220 | ||||||
Consumer Services 0.1% | ||||||||
GuocoLeisure Ltd. | 260,000 | 214,592 | ||||||
Raffles Education Corp., Ltd. * | 520,000 | 147,922 | ||||||
362,514 | ||||||||
Diversified Financials 0.0% | ||||||||
ARA Asset Management Ltd. | 100,000 | 142,634 | ||||||
Energy 0.2% | ||||||||
Ezion Holdings Ltd. | 205,400 | 362,098 | ||||||
Ezra Holdings Ltd. | 257,000 | 230,650 | ||||||
Swiber Holdings Ltd. | 260,000 | 102,088 | ||||||
694,836 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
First Resources Ltd. | 130,000 | 210,425 | ||||||
GMG Global Ltd. | 2,666,000 | 170,904 | ||||||
Super Group Ltd. (c) | 80,000 | 86,222 | ||||||
467,551 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
Biosensors International Group Ltd. *(c) | 274,000 | 161,377 | ||||||
Raffles Medical Group Ltd. | 131,000 | 417,789 | ||||||
Religare Health Trust | 137,000 | 100,449 | ||||||
679,615 | ||||||||
Materials 0.0% | ||||||||
Midas Holdings Ltd. | 274,000 | 85,628 | ||||||
Media 0.0% | ||||||||
Asian Pay Television Trust | 242,000 | 173,557 | ||||||
Real Estate 1.2% | ||||||||
AIMS AMP Capital Industrial REIT | 130,000 | 152,610 | ||||||
Ascendas India Trust | 137,000 | 88,373 | ||||||
Ascott Residence Trust | 137,000 | 135,578 | ||||||
Cache Logistics Trust | 130,000 | 121,880 | ||||||
Cambridge Industrial Trust | 130,000 | 73,441 | ||||||
CDL Hospitality Trusts | 260,000 | 343,764 | ||||||
Far East Hospitality Trust | 130,000 | 88,545 | ||||||
Frasers Centrepoint Trust | 137,000 | 219,560 | ||||||
Frasers Commercial Trust | 260,000 | 291,678 | ||||||
Ho Bee Land Ltd. | 130,000 | 228,134 | ||||||
Keppel REIT Management Ltd. | 390,000 | 390,641 | ||||||
Lippo Malls Indonesia Retail Trust | 411,000 | 133,383 | ||||||
Mapletree Commercial Trust | 390,000 | 454,706 | ||||||
Mapletree Greater China Commercial Trust | 390,000 | 295,324 | ||||||
Mapletree Industrial Trust | 390,000 | 450,018 | ||||||
Mapletree Logistics Trust | 544,000 | 512,200 | ||||||
Parkway Life Real Estate Investment Trust | 137,000 | 257,983 | ||||||
Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (c) | 137,000 | 110,329 | ||||||
Starhill Global REIT | 411,000 | 268,412 | ||||||
Ying Li International Real Estate Ltd. * | 260,000 | 53,127 | ||||||
Yoma Strategic Holdings Ltd. *(c) | 216,813 | 123,352 | ||||||
4,793,038 | ||||||||
Software & Services 0.0% | ||||||||
CSE Global Ltd. | 137,000 | 75,199 | ||||||
Transportation 0.1% | ||||||||
SATS Ltd. | 157,000 | 381,193 | ||||||
Utilities 0.1% | ||||||||
CitySpring Infrastructure Trust | 390,000 | 156,256 | ||||||
HanKore Environment Tech Group Ltd. * | 64,000 | 45,130 | ||||||
Hyflux Ltd. (c) | 130,000 | 119,276 | ||||||
320,662 | ||||||||
8,534,234 | ||||||||
Spain 1.8% | ||||||||
Automobiles & Components 0.0% | ||||||||
Cie Automotive S.A. | 6,050 | 85,070 | ||||||
Banks 0.0% | ||||||||
Liberbank S.A. * | 121,000 | 112,523 | ||||||
Capital Goods 0.6% | ||||||||
Abengoa S.A. B Shares | 149,037 | 857,882 | ||||||
Construcciones y Auxiliar de Ferrocarriles S.A. | 848 | 336,045 |
See financial notes 33
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Fomento de Construcciones y Contratas S.A. * | 5,528 | 103,616 | ||||||
Gamesa Corp. Tecnologica S.A. * | 43,384 | 547,110 | ||||||
Obrascon Huarte Lain S.A. | 10,095 | 370,392 | ||||||
Sacyr S.A. * | 40,989 | 230,216 | ||||||
2,445,261 | ||||||||
Commercial & Professional Services 0.1% | ||||||||
Prosegur Cia de Seguridad S.A. | 48,000 | 326,244 | ||||||
Consumer Services 0.1% | ||||||||
Melia Hotels International S.A. | 14,686 | 163,654 | ||||||
NH Hotel Group S.A. * | 32,645 | 175,655 | ||||||
339,309 | ||||||||
Diversified Financials 0.2% | ||||||||
Bolsas y Mercados Espanoles S.A. | 14,124 | 585,751 | ||||||
Energy 0.1% | ||||||||
Tecnicas Reunidas S.A. | 6,237 | 341,883 | ||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Ebro Foods S.A. | 23,623 | 479,190 | ||||||
Viscofan S.A. | 8,266 | 461,977 | ||||||
941,167 | ||||||||
Insurance 0.1% | ||||||||
Grupo Catalana Occidente S.A. | 15,528 | 527,086 | ||||||
Materials 0.0% | ||||||||
Ence Energia y Celulosa S.A. | 74,751 | 169,847 | ||||||
Media 0.1% | ||||||||
Atresmedia Corp de Medios de Comunicaion S.A. | 21,054 | 308,106 | ||||||
Promotora de Informaciones S.A., Class A * | 106,999 | 42,987 | ||||||
351,093 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
Almirall S.A. * | 16,790 | 263,841 | ||||||
Faes Farma S.A. | 56,526 | 151,146 | ||||||
Zeltia S.A. * | 56,370 | 207,530 | ||||||
622,517 | ||||||||
Software & Services 0.1% | ||||||||
Indra Sistemas S.A. | 24,200 | 364,664 | ||||||
Telecommunication Services 0.0% | ||||||||
Let’s GOWEX S.A. *(a)(b)(c) | 5,361 | 27,964 | ||||||
7,240,379 | ||||||||
Sweden 3.4% | ||||||||
Capital Goods 0.8% | ||||||||
Concentric AB | 4,245 | 54,652 | ||||||
Haldex AB | 7,124 | 91,972 | ||||||
Indutrade AB | 2,420 | 104,489 | ||||||
Lindab International AB * | 16,646 | 159,983 | ||||||
NCC AB, B Shares | 22,042 | 704,459 | ||||||
Nibe Industrier AB, B Shares | 8,349 | 231,143 | ||||||
Peab AB | 59,670 | 427,972 | ||||||
Saab AB, Class B | 5,230 | 141,417 | ||||||
Trelleborg AB, B Shares | 63,479 | 1,218,360 | ||||||
3,134,447 | ||||||||
Commercial & Professional Services 0.2% | ||||||||
AF AB, B Shares | 6,050 | 99,369 | ||||||
Intrum Justitia AB | 7,062 | 219,521 | ||||||
Loomis AB, B Shares | 18,247 | 541,815 | ||||||
860,705 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
JM AB | 14,124 | 460,923 | ||||||
Nobia AB | 8,578 | 64,600 | ||||||
525,523 | ||||||||
Consumer Services 0.2% | ||||||||
Betsson AB * | 10,018 | 346,328 | ||||||
Rezidor Hotel Group AB * | 44,019 | 246,260 | ||||||
592,588 | ||||||||
Diversified Financials 0.2% | ||||||||
Avanza Bank Holding AB | 10,635 | 394,355 | ||||||
Investment AB Oresund * | 9,865 | 220,755 | ||||||
Lundbergforetagen AB, B Shares | 7,797 | 339,226 | ||||||
954,336 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Axfood AB | 7,213 | 359,757 | ||||||
ICA Gruppen AB | 15,072 | 506,346 | ||||||
866,103 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
AAK AB | 8,021 | 471,509 | ||||||
Materials 0.4% | ||||||||
BillerudKorsnas AB | 33,921 | 491,937 | ||||||
Hexpol AB | 4,649 | 393,794 | ||||||
SSAB AB, A Shares * | 42,350 | 392,745 | ||||||
SSAB AB, B Shares * | 30,250 | 252,110 | ||||||
1,530,586 | ||||||||
Media 0.0% | ||||||||
Eniro AB * | 21,104 | 59,123 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
Meda AB, A Shares | 50,582 | 682,408 | ||||||
Swedish Orphan Biovitrum AB * | 30,649 | 384,692 | ||||||
1,067,100 | ||||||||
Real Estate 0.7% | ||||||||
Castellum AB | 48,250 | 789,026 | ||||||
Fabege AB | 43,361 | 571,616 | ||||||
Fastighets AB Balder, B Shares * | 11,110 | 154,189 | ||||||
Hufvudstaden AB, A Shares | 31,129 | 414,607 | ||||||
Kungsleden AB | 34,790 | 236,550 | ||||||
Wallenstam AB, B Shares | 28,258 | 465,748 | ||||||
Wihlborgs Fastigheter AB | 17,558 | 324,903 | ||||||
2,956,639 | ||||||||
Retailing 0.1% | ||||||||
CDON Group AB *(c) | 16,413 | 56,270 | ||||||
KappAhl AB * | 8,036 | 44,150 | ||||||
Mekonomen AB | 5,913 | 137,408 | ||||||
237,828 | ||||||||
Technology Hardware & Equipment 0.1% | ||||||||
Axis Communications AB (c) | 9,861 | 292,241 | ||||||
Transportation 0.0% | ||||||||
SAS AB * | 29,753 | 48,228 | ||||||
13,596,956 |
34 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Switzerland 3.4% | ||||||||
Automobiles & Components 0.0% | ||||||||
Autoneum Holding AG * | 1,056 | 182,178 | ||||||
Banks 0.2% | ||||||||
Basler Kantonalbank | 1,463 | 105,190 | ||||||
Liechtensteinische Landesbank AG | 2,420 | 103,184 | ||||||
St. Galler Kantonalbank AG - Reg’d | 453 | 175,096 | ||||||
Valiant Holding AG - Reg’d | 4,502 | 422,009 | ||||||
805,479 | ||||||||
Capital Goods 0.9% | ||||||||
AFG Arbonia-Forster Holding AG - Reg’d * | 2,610 | 68,111 | ||||||
Belimo Holding AG - Reg’d | 106 | 277,659 | ||||||
Bucher Industries AG - Reg’d | 1,523 | 453,982 | ||||||
Burckhardt Compression Holding AG | 466 | 243,596 | ||||||
Georg Fischer AG - Reg’d * | 1,217 | 806,594 | ||||||
Huber & Suhner AG - Reg’d | 5,790 | 313,571 | ||||||
Implenia AG - Reg’d * | 1,720 | 108,738 | ||||||
Meyer Burger Technology AG * | 17,963 | 195,743 | ||||||
OC Oerlikon Corp. AG - Reg’d * | 43,064 | 611,270 | ||||||
Rieter Holding AG - Reg’d * | 1,604 | 359,733 | ||||||
Schweiter Technologies AG | 298 | 219,469 | ||||||
3,658,466 | ||||||||
Commercial & Professional Services 0.1% | ||||||||
Gategroup Holding AG * | 3,531 | 88,868 | ||||||
Kaba Holding AG, B Shares - Reg’d * | 820 | 404,023 | ||||||
492,891 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
China Hongxing Sports Ltd. *(a)(b) | 884,000 | — | ||||||
Forbo Holding AG - Reg’d * | 435 | 449,083 | ||||||
449,083 | ||||||||
Consumer Services 0.1% | ||||||||
Kuoni Reisen Holding AG - Reg’d * | 856 | 252,823 | ||||||
Diversified Financials 0.1% | ||||||||
Cembra Money Bank AG | 1,794 | 105,875 | ||||||
Vontobel Holding AG - Reg’d | 10,916 | 405,246 | ||||||
511,121 | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Emmi AG - Reg’d * | 548 | 198,952 | ||||||
Health Care Equipment & Services 0.2% | ||||||||
Nobel Biocare Holding AG - Reg’d * | 22,536 | 410,931 | ||||||
Straumann Holding AG - Reg’d | 1,210 | 296,869 | ||||||
707,800 | ||||||||
Insurance 0.2% | ||||||||
Helvetia Holding AG - Reg’d | 1,475 | 735,205 | ||||||
Materials 0.1% | ||||||||
Schmolz + Bickenbach AG - Reg’d * | 246,947 | 355,921 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Basilea Pharmaceutica - Reg’d * | 525 | 59,044 | ||||||
Tecan Group AG - Reg’d | 2,885 | 324,458 | ||||||
383,502 | ||||||||
Real Estate 0.2% | ||||||||
Allreal Holding AG - Reg’d * | 2,704 | 371,713 | ||||||
Mobimo Holding AG - Reg’d * | 1,968 | 407,202 | ||||||
778,915 | ||||||||
Retailing 0.4% | ||||||||
Dufry AG - Reg’d * | 7,260 | 1,240,585 | ||||||
Valora Holding AG - Reg’d * | 856 | 198,146 | ||||||
1,438,731 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
ams AG | 12,705 | 453,626 | ||||||
Software & Services 0.1% | ||||||||
Temenos Group AG - Reg’d * | 10,553 | 409,053 | ||||||
Technology Hardware & Equipment 0.1% | ||||||||
Kudelski S.A. | 6,025 | 90,127 | ||||||
Logitech International S.A. - Reg’d | 28,355 | 390,100 | ||||||
480,227 | ||||||||
Transportation 0.3% | ||||||||
Flughafen Zuerich AG - Reg’d | 789 | 516,897 | ||||||
Panalpina Welttransport Holding AG - Reg’d | 4,407 | 626,993 | ||||||
1,143,890 | ||||||||
Utilities 0.1% | ||||||||
Alpiq Holding AG - Reg’d * | 525 | 57,267 | ||||||
BKW AG | 4,492 | 162,837 | ||||||
220,104 | ||||||||
13,657,967 | ||||||||
United Kingdom 19.8% | ||||||||
Banks 0.2% | ||||||||
Bank of Georgia Holdings plc | 3,107 | 127,915 | ||||||
The Paragon Group of Cos. plc | 81,986 | 469,610 | ||||||
597,525 | ||||||||
Capital Goods 2.7% | ||||||||
Balfour Beatty plc | 154,793 | 624,686 | ||||||
Bodycote plc | 49,690 | 573,532 | ||||||
Carillion plc | 110,807 | 619,420 | ||||||
Chemring Group plc | 35,962 | 136,917 | ||||||
DCC plc | 19,676 | 1,168,526 | ||||||
Diploma plc | 18,150 | 207,080 | ||||||
Fenner plc | 48,863 | 295,221 | ||||||
Galliford Try plc | 19,620 | 421,961 | ||||||
Grafton Group plc | 56,713 | 607,500 | ||||||
Interserve plc | 38,499 | 423,264 | ||||||
Keller Group plc | 14,124 | 215,682 | ||||||
Kier Group plc | 9,865 | 279,335 | ||||||
Morgan Advanced Materials plc | 69,237 | 365,768 | ||||||
Morgan Sindall Group plc | 13,080 | 182,470 | ||||||
QinetiQ Group plc | 174,170 | 626,521 | ||||||
Rotork plc | 19,079 | 873,250 | ||||||
Senior plc | 120,315 | 571,265 | ||||||
SIG plc | 149,544 | 463,679 | ||||||
Speedy Hire plc | 64,439 | 68,223 | ||||||
Spirax-Sarco Engineering plc | 18,626 | 915,620 | ||||||
Ultra Electronics Holdings plc | 17,807 | 527,877 | ||||||
Vesuvius plc | 69,358 | 535,616 | ||||||
10,703,413 | ||||||||
Commercial & Professional Services 1.2% | ||||||||
Berendsen plc | 41,479 | 735,016 | ||||||
Cape plc | 20,293 | 104,812 | ||||||
De La Rue plc | 30,137 | 355,855 | ||||||
Hays plc | 242,000 | 536,538 |
See financial notes 35
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
HomeServe plc | 74,343 | 398,422 | ||||||
Michael Page International plc | 70,407 | 532,842 | ||||||
Mitie Group plc | 93,945 | 492,708 | ||||||
Regus plc | 171,864 | 493,211 | ||||||
RPS Group plc | 57,851 | 267,187 | ||||||
Shanks Group plc | 98,918 | 173,724 | ||||||
WS Atkins plc | 30,543 | 706,589 | ||||||
4,796,904 | ||||||||
Consumer Durables & Apparel 0.4% | ||||||||
Bellway plc | 29,912 | 792,834 | ||||||
Bovis Homes Group plc | 34,885 | 488,973 | ||||||
Crest Nicholson Holdings plc | 13,080 | 77,941 | ||||||
Redrow plc | 64,411 | 293,206 | ||||||
Ted Baker plc | 2,454 | 78,861 | ||||||
1,731,815 | ||||||||
Consumer Services 1.4% | ||||||||
888 Holdings plc | 134 | 283 | ||||||
Betfair Group plc | 14,124 | 256,144 | ||||||
Bwin.Party Digital Entertainment plc | 197,846 | 296,701 | ||||||
Dignity plc | 17,546 | 417,278 | ||||||
Domino’s Pizza Group plc | 40,753 | 400,669 | ||||||
Enterprise Inns plc * | 106,796 | 221,702 | ||||||
Greene King plc | 52,014 | 712,221 | ||||||
J.D. Wetherspoon plc | 27,037 | 334,293 | ||||||
Ladbrokes plc | 171,470 | 379,027 | ||||||
Marston’s plc | 119,218 | 293,423 | ||||||
Millennium & Copthorne Hotels plc | 33,377 | 327,042 | ||||||
Mitchells & Butlers plc * | 71,718 | 488,571 | ||||||
Spirit Pub Co. plc | 83,192 | 103,966 | ||||||
The Restaurant Group plc | 57,811 | 618,301 | ||||||
Thomas Cook Group plc * | 323,233 | 669,937 | ||||||
5,519,558 | ||||||||
Diversified Financials 1.7% | ||||||||
Brewin Dolphin Holdings plc | 18,496 | 90,616 | ||||||
Close Brothers Group plc | 36,912 | 829,410 | ||||||
Henderson Group plc | 194,107 | 748,204 | ||||||
IG Group Holdings plc | 86,073 | 867,680 | ||||||
Intermediate Capital Group plc | 105,647 | 715,849 | ||||||
International Personal Finance plc | 62,560 | 536,625 | ||||||
Jupiter Fund Management plc | 70,650 | 440,581 | ||||||
Man Group plc | 330,761 | 650,934 | ||||||
Provident Financial plc | 32,597 | 1,157,957 | ||||||
Rathbone Brothers plc | 11,518 | 387,926 | ||||||
SVG Capital plc * | 45,072 | 314,758 | ||||||
Tullett Prebon plc | 62,563 | 281,053 | ||||||
7,021,593 | ||||||||
Energy 1.0% | ||||||||
Afren plc * | 262,583 | 425,182 | ||||||
Asia Resource Minerals plc * | 16,037 | 18,377 | ||||||
Cairn Energy plc * | 99,545 | 296,913 | ||||||
EnQuest plc * | 179,033 | 358,281 | ||||||
Genel Energy plc * | 30,250 | 436,816 | ||||||
Hunting plc | 38,518 | 568,682 | ||||||
Lamprell plc * | 40,353 | 106,556 | ||||||
Ophir Energy plc * | 101,250 | 394,482 | ||||||
Premier Oil plc | 123,006 | 710,902 | ||||||
Salamander Energy plc * | 70,324 | 123,214 | ||||||
Soco International plc * | 53,046 | 372,647 | ||||||
3,812,052 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Booker Group plc | 301,796 | 671,116 | ||||||
Greggs plc | 29,809 | 270,794 | ||||||
941,910 | ||||||||
Food, Beverage & Tobacco 0.5% | ||||||||
Britvic plc | 63,293 | 721,081 | ||||||
Cranswick plc | 17,001 | 374,670 | ||||||
Dairy Crest Group plc | 44,203 | 303,257 | ||||||
Devro plc | 46,785 | 189,584 | ||||||
Greencore Group plc | 85,174 | 376,688 | ||||||
Premier Foods plc * | 106,658 | 76,167 | ||||||
2,041,447 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
Al Noor Hospitals Group plc | 4,168 | 78,772 | ||||||
NMC Health plc | 8,017 | 66,451 | ||||||
Synergy Health plc | 12,100 | 301,426 | ||||||
UDG Healthcare plc | 57,783 | 326,275 | ||||||
772,924 | ||||||||
Insurance 1.2% | ||||||||
Amlin plc | 116,478 | 870,290 | ||||||
Beazley plc | 144,964 | 606,687 | ||||||
Catlin Group Ltd. | 78,255 | 668,004 | ||||||
esure Group plc | 52,320 | 230,259 | ||||||
Hiscox Ltd. | 80,954 | 872,543 | ||||||
Jardine Lloyd Thompson Group plc | 24,632 | 424,621 | ||||||
Lancashire Holdings Ltd. | 45,606 | 474,512 | ||||||
Partnership Assurance Group plc | 12,974 | 25,371 | ||||||
Phoenix Group Holdings | 42,350 | 521,165 | ||||||
4,693,452 | ||||||||
Materials 1.3% | ||||||||
African Barrick Gold plc | 23,764 | 92,192 | ||||||
Alent plc | 68,947 | 401,908 | ||||||
Aquarius Platinum Ltd. * | 188,266 | 75,039 | ||||||
Centamin plc * | 289,299 | 307,490 | ||||||
DS Smith plc | 240,203 | 1,132,924 | ||||||
Elementis plc | 110,206 | 513,567 | ||||||
Essentra plc | 58,138 | 827,456 | ||||||
Evraz plc | 96,177 | 180,171 | ||||||
Hochschild Mining plc * | 30,189 | 80,920 | ||||||
Kazakhmys plc * | 56,758 | 279,860 | ||||||
Petra Diamonds Ltd. * | 75,020 | 222,516 | ||||||
RPC Group plc | 35,320 | 332,589 | ||||||
Synthomer plc | 54,450 | 212,053 | ||||||
Victrex plc | 20,407 | 589,024 | ||||||
5,247,709 | ||||||||
Media 0.5% | ||||||||
Cineworld Group plc | 42,350 | 227,808 | ||||||
Entertainment One Ltd. | 14,134 | 83,212 | ||||||
ITE Group plc | 62,174 | 209,092 | ||||||
Rightmove plc | 22,576 | 944,825 | ||||||
UBM plc | 49,454 | 519,887 | ||||||
1,984,824 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.6% | ||||||||
BTG plc * | 92,378 | 982,634 | ||||||
Dechra Pharmaceuticals plc | 21,196 | 255,209 | ||||||
Genus plc | 16,420 | 306,509 | ||||||
Hikma Pharmaceuticals plc | 34,688 | 994,891 | ||||||
2,539,243 |
36 See financial notes
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Real Estate 1.6% | ||||||||
Big Yellow Group plc | 51,026 | 446,587 | ||||||
Capital & Counties Properties plc | 165,242 | 917,679 | ||||||
Countrywide plc | 18,517 | 158,373 | ||||||
Derwent London plc | 22,784 | 1,056,073 | ||||||
Development Securities plc | 22,369 | 76,156 | ||||||
Foxtons Group plc | 28,340 | 119,688 | ||||||
Grainger plc | 108,236 | 373,167 | ||||||
Great Portland Estates plc | 83,579 | 911,246 | ||||||
Hansteen Holdings plc | 130,810 | 223,325 | ||||||
Helical Bar plc | 43,460 | 243,053 | ||||||
Londonmetric Property plc | 154,526 | 360,564 | ||||||
Redefine International plc | 54,028 | 46,479 | ||||||
Savills plc | 44,592 | 476,551 | ||||||
Shaftesbury plc | 56,216 | 639,520 | ||||||
ST Modwen Properties plc | 9,298 | 57,366 | ||||||
The Unite Group plc | 58,123 | 422,791 | ||||||
Workspace Group plc | 4,651 | 47,967 | ||||||
6,576,585 | ||||||||
Retailing 1.7% | ||||||||
Darty plc | 136,432 | 188,627 | ||||||
Debenhams plc | 286,715 | 316,409 | ||||||
Dixons Carphone plc | 193,716 | 1,108,625 | ||||||
Dunelm Group plc | 21,196 | 309,771 | ||||||
Halfords Group plc | 55,563 | 440,157 | ||||||
Home Retail Group plc | 205,925 | 626,525 | ||||||
Howden Joinery Group plc | 152,344 | 894,120 | ||||||
Inchcape plc | 108,793 | 1,219,576 | ||||||
Mothercare plc * | 19,794 | 82,511 | ||||||
N Brown Group plc | 58,106 | 427,493 | ||||||
Ocado Group plc * | 103,558 | 564,623 | ||||||
SuperGroup plc * | 8,071 | 146,237 | ||||||
WH Smith plc | 33,907 | 650,392 | ||||||
6,975,066 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
CSR plc | 32,407 | 423,025 | ||||||
Imagination Technologies Group plc * | 32,831 | 119,571 | ||||||
542,596 | ||||||||
Software & Services 0.7% | ||||||||
AVEVA Group plc | 14,972 | 523,651 | ||||||
Computacenter plc | 25,424 | 262,626 | ||||||
Fidessa Group plc | 10,729 | 407,680 | ||||||
Micro Focus International plc | �� | 37,106 | 537,051 | |||||
Moneysupermarket.com Group plc | 65,400 | 212,338 | ||||||
Playtech plc | 26,160 | 312,806 | ||||||
SDL plc * | 14,124 | 77,465 | ||||||
Telecity Group plc | 39,546 | 486,659 | ||||||
Xchanging plc | 31,552 | 96,547 | ||||||
2,916,823 | ||||||||
Technology Hardware & Equipment 1.0% | ||||||||
Domino Printing Sciences plc | 24,092 | 231,862 | ||||||
Electrocomponents plc | 112,125 | 454,915 | ||||||
Halma plc | 77,722 | 797,694 | ||||||
Laird plc | 79,225 | 383,403 | ||||||
Oxford Instruments plc | 14,100 | 276,081 | ||||||
Pace plc | 72,018 | 395,889 | ||||||
Premier Farnell plc | 100,313 | 325,026 | ||||||
Renishaw plc | 7,062 | 194,806 | ||||||
Spectris plc | 22,900 | 740,466 | ||||||
Spirent Communications plc | 138,033 | 236,345 | ||||||
Xaar plc | 13,009 | 90,740 | ||||||
4,127,227 | ||||||||
Telecommunication Services 0.4% | ||||||||
Cable & Wireless Communications plc | 337,917 | 278,016 | ||||||
Colt Group S.A. * | 105,669 | 257,443 | ||||||
Kcom Group plc | 127,186 | 209,640 | ||||||
TalkTalk Telecom Group plc | 141,310 | 709,439 | ||||||
1,454,538 | ||||||||
Transportation 0.9% | ||||||||
BBA Aviation plc | 120,114 | 644,717 | ||||||
Firstgroup plc * | 316,966 | 669,055 | ||||||
Go-Ahead Group plc | 12,765 | 467,024 | ||||||
National Express Group plc | 126,049 | 536,737 | ||||||
Northgate plc | 21,780 | 184,111 | ||||||
Stagecoach Group plc | 110,654 | 672,593 | ||||||
Stobart Group Ltd. (c) | 116,359 | 242,520 | ||||||
3,416,757 | ||||||||
Utilities 0.3% | ||||||||
APR Energy plc (c) | 17,810 | 151,883 | ||||||
Pennon Group plc | 77,717 | 1,049,972 | ||||||
Telecom Plus plc | 6,277 | 151,885 | ||||||
1,353,740 | ||||||||
79,767,701 | ||||||||
Total Common Stock | ||||||||
(Cost $339,185,692) | 399,996,838 | |||||||
Other Investment Companies 1.0% of net assets | ||||||||
Australia 0.0% | ||||||||
Diversified Financials 0.0% | ||||||||
Platinum Capital Ltd. | 52,941 | 88,881 | ||||||
Switzerland 0.1% | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
BB Biotech AG - Reg’d * | 3,577 | 670,993 | ||||||
United Kingdom 0.1% | ||||||||
Real Estate 0.1% | ||||||||
F&C Commercial Property Trust Ltd. | 150,115 | 316,116 | ||||||
United States 0.8% | ||||||||
Equity Fund 0.1% | ||||||||
iShares MSCI EAFE Small - Cap ETF | 5,000 | 256,350 | ||||||
Money Market Fund 0.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (d) | 49,859 | 49,859 |
See financial notes 37
Table of Contents
Schwab International Small-Cap Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Securities Lending Collateral 0.7% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (d) | 2,914,957 | 2,914,957 | ||||||
3,221,166 | ||||||||
Total Other Investment Companies | ||||||||
(Cost $3,927,865) | 4,297,156 | |||||||
Preferred Stock 0.3% of net assets | ||||||||
Germany 0.2% | ||||||||
Capital Goods 0.1% | ||||||||
Jungheinrich AG | 4,001 | 244,718 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Draegerwerk AG & Co. KGaA | 1,452 | 137,820 | ||||||
Sartorius AG | 1,694 | 201,802 | ||||||
339,622 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Biotest AG | 1,380 | 155,817 | ||||||
740,157 | ||||||||
Italy 0.1% | ||||||||
Insurance 0.1% | ||||||||
Unipol Gruppo Finanziario S.p.A. | 78,480 | 394,061 | ||||||
Total Preferred Stock | ||||||||
(Cost $967,782) | 1,134,218 | |||||||
End of Investments |
At 08/31/14, the tax basis cost of the fund’s investments was $350,858,079 and the unrealized appreciation and depreciation were $72,065,938 and ($17,495,805), respectively, with a net unrealized appreciation of $54,570,133.
* | Non-income producing security. | |
(a) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(b) | Illiquid security. At the period end, the value of these amounted to $27,964 or 0.0% of net assets. | |
(c) | All or a portion of this security is on loan. Securities on loan were valued at $2,703,109. | |
(d) | The rate shown is the 7-day yield. | |
(e) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $153,692 or 0.0% of net assets. |
ETF — | Exchange Traded Fund | |
Reg’d — | Registered | |
REIT — | Real Estate Investment Trust | |
RSP — | Risparmio (Convertible Savings Shares) |
38 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
95 | .4% | Common Stock | 1,097,678,142 | 1,215,693,628 | ||||||||
1 | .1% | Other Investment Companies | 13,893,281 | 13,965,671 | ||||||||
4 | .2% | Preferred Stock | 45,754,735 | 53,222,010 | ||||||||
0 | .0% | Warrants | — | — | ||||||||
0 | .0% | Short-Term Investments | 57,999 | 57,999 | ||||||||
100 | .7% | Total Investments | 1,157,384,157 | 1,282,939,308 | ||||||||
(0 | .7)% | Other Assets and Liabilities, Net | (9,099,606 | ) | ||||||||
100 | .0% | Net Assets | 1,273,839,702 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 95.4% of net assets | ||||||||
Brazil 10.2% | ||||||||
Banks 2.2% | ||||||||
Banco Bradesco S.A. | 174,930 | 3,128,734 | ||||||
Banco do Brasil S.A. | 308,445 | 4,823,352 | ||||||
Banco Santander Brasil S.A. | 318,138 | 2,198,124 | ||||||
Itau Unibanco Holding S.A. | 96,349 | 1,601,834 | ||||||
Itau Unibanco Holding S.A. ADR | 949,708 | 17,094,744 | ||||||
28,846,788 | ||||||||
Capital Goods 0.3% | ||||||||
Embraer S.A. | 250,300 | 2,439,741 | ||||||
WEG S.A. | 104,653 | 1,309,127 | ||||||
3,748,868 | ||||||||
Consumer Durables & Apparel 0.1% | ||||||||
Cyrela Brazil Realty S.A. Empreendimentos e Participacoes | 139,800 | 886,578 | ||||||
MRV Engenharia e Participacoes S.A. | 111,840 | 455,847 | ||||||
1,342,425 | ||||||||
Consumer Services 0.3% | ||||||||
Kroton Educacional S.A. | 139,799 | 4,189,190 | ||||||
Diversified Financials 0.5% | ||||||||
BM&FBovespa S.A. | 667,168 | 4,025,281 | ||||||
CETIP S.A. - Mercados Organizados | 48,943 | 714,169 | ||||||
Grupo BTG Pactual | 93,262 | 1,567,184 | ||||||
6,306,634 | ||||||||
Energy 1.3% | ||||||||
Cosan S.A. Industria e Comercio | 46,600 | 968,425 | ||||||
Petroleo Brasileiro S.A. | 1,258,200 | 12,449,576 | ||||||
Ultrapar Participacoes S.A. ADR | 139,800 | 3,580,278 | ||||||
16,998,279 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
Raia Drogasil S.A. | 93,200 | 908,029 | ||||||
Food, Beverage & Tobacco 1.8% | ||||||||
AMBEV S.A. ADR | 1,592,270 | 11,607,648 | ||||||
BRF S.A. ADR | 299,638 | 7,988,349 | ||||||
JBS S.A. | 195,720 | 885,203 | ||||||
M Dias Branco S.A. | 15,923 | 718,743 | ||||||
Souza Cruz S.A. | 139,800 | 1,309,561 | ||||||
22,509,504 | ||||||||
Household & Personal Products 0.2% | ||||||||
Hypermarcas S.A. * | 93,050 | 809,257 | ||||||
Natura Cosmeticos S.A. | 71,344 | 1,307,599 | ||||||
2,116,856 | ||||||||
Insurance 0.3% | ||||||||
BB Seguridade Participacoes S.A. | 194,542 | 3,107,386 | ||||||
Porto Seguro S.A. | 37,280 | 552,815 | ||||||
Sul America S.A. | 93,200 | 644,367 | ||||||
4,304,568 | ||||||||
Materials 1.3% | ||||||||
Companhia Siderurgica Nacional S.A. | 233,089 | 1,022,964 | ||||||
Duratex S.A. | 134,351 | 604,641 | ||||||
Fibria Celulose S.A. ADR *(a) | 46,600 | 482,776 | ||||||
Vale S.A. | 457,249 | 5,950,746 | ||||||
Vale S.A. ADR | 693,874 | 8,083,632 | ||||||
16,144,759 | ||||||||
Real Estate 0.2% | ||||||||
BR Malls Participacoes S.A. | 145,472 | 1,512,875 | ||||||
BR Properties S.A. | 93,200 | 620,625 | ||||||
Multiplan Empreendimentos Imobiliarios S.A. | 23,300 | 600,944 | ||||||
2,734,444 | ||||||||
Retailing 0.2% | ||||||||
Cia Hering | 46,600 | 582,929 | ||||||
Lojas Americanas S.A. | 51,965 | 301,913 | ||||||
Lojas Renner S.A. | 46,600 | 1,595,715 | ||||||
2,480,557 | ||||||||
Software & Services 0.4% | ||||||||
Cielo S.A. | 261,629 | 4,906,238 | ||||||
Totvs S.A. | 46,600 | 850,965 | ||||||
5,757,203 | ||||||||
Telecommunication Services 0.2% | ||||||||
Oi S.A. | 319,894 | 213,020 | ||||||
Tim Participacoes S.A. | 372,878 | 2,091,403 | ||||||
2,304,423 | ||||||||
Transportation 0.4% | ||||||||
All America Latina Logistica S.A. | 227,600 | 839,177 | ||||||
CCR S.A. | 355,298 | 3,217,062 | ||||||
Localiza Rent a Car S.A. | 37,570 | 669,109 | ||||||
4,725,348 |
See financial notes 39
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Utilities 0.4% | ||||||||
Companhia de Saneamento Basico do Estado de Sao Paulo | 111,840 | 1,069,141 | ||||||
CPFL Energia S.A. ADR | 46,134 | 929,139 | ||||||
EDP - Energias do Brasil S.A. | 139,800 | 706,013 | ||||||
Tractebel Energia S.A. | 93,200 | 1,562,393 | ||||||
Transmissora Alianca de Energia Eletrica S.A. | 46,600 | 486,087 | ||||||
4,752,773 | ||||||||
130,170,648 | ||||||||
Chile 1.5% | ||||||||
Banks 0.4% | ||||||||
Banco de Chile ADR | 13,332 | 982,702 | ||||||
Banco de Credito e Inversiones | 9,469 | 516,072 | ||||||
Banco Santander Chile ADR | 62,926 | 1,501,414 | ||||||
Corpbanca S.A. | 68,884,685 | 846,441 | ||||||
Sociedad Matriz Banco de Chile S.A., B Shares | 1,806,368 | 552,814 | ||||||
4,399,443 | ||||||||
Energy 0.2% | ||||||||
Empresas COPEC S.A. | 161,702 | 2,032,540 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Cencosud S.A. | 357,492 | 1,072,657 | ||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Cia Cervecerias Unidas S.A. | 34,950 | 375,391 | ||||||
Materials 0.2% | ||||||||
CAP S.A. | 31,688 | 376,473 | ||||||
Empresas CMPC S.A. | 383,634 | 954,933 | ||||||
Sociedad Quimica y Minera de Chile S.A. ADR | 32,620 | 893,136 | ||||||
2,224,542 | ||||||||
Retailing 0.1% | ||||||||
S.A.C.I. Falabella | 171,954 | 1,294,947 | ||||||
Telecommunication Services 0.0% | ||||||||
ENTEL Chile S.A. | 31,222 | 358,166 | ||||||
Transportation 0.1% | ||||||||
Latam Airlines Group S.A. ADR * | 131,878 | 1,635,287 | ||||||
Utilities 0.4% | ||||||||
Colbun S.A. | 4,269,958 | 1,117,525 | ||||||
Empresa Nacional de Electricidad S.A. ADR | 47,998 | 2,205,508 | ||||||
Enersis S.A. ADR | 135,660 | 2,294,010 | ||||||
5,617,043 | ||||||||
19,010,016 | ||||||||
China 21.0% | ||||||||
Automobiles & Components 0.7% | ||||||||
Brilliance China Automotive Holdings Ltd. | 1,088,000 | 2,015,920 | ||||||
Byd Co., Ltd., H Shares | 188,000 | 1,335,381 | ||||||
Chongqing Changan Automobile Co., Ltd., B Shares | 326,200 | 673,432 | ||||||
Dongfeng Motor Group Co., Ltd., H Shares | 1,002,000 | 1,856,573 | ||||||
Geely Automobile Holdings Ltd. | 1,005,000 | 385,134 | ||||||
Great Wall Motor Co., Ltd., H Shares | 389,500 | 1,653,458 | ||||||
Guangzhou Automobile Group Co., Ltd., H Shares | 933,662 | 970,990 | ||||||
8,890,888 | ||||||||
Banks 4.7% | ||||||||
Agricultural Bank of China Ltd., H Shares | 7,456,000 | 3,444,124 | ||||||
Bank of China Ltd., H Shares | 25,164,000 | 11,688,858 | ||||||
Bank of Communications Co., Ltd., H Shares | 3,874,200 | 2,829,361 | ||||||
China CITIC Bank Corp., Ltd., H Shares | 3,790,800 | 2,391,826 | ||||||
China Construction Bank Corp., H Shares | 23,951,000 | 17,800,657 | ||||||
China Merchants Bank Co., Ltd., H Shares | 1,511,359 | 2,890,052 | ||||||
China Minsheng Banking Corp., Ltd., H Shares | 2,373,720 | 2,229,722 | ||||||
Chongqing Rural Commercial Bank, H Shares | 1,102,000 | 547,434 | ||||||
Huishang Bank Corp., Ltd., H Shares | 693,000 | 302,232 | ||||||
Industrial & Commercial Bank of China Ltd., H Shares | 24,209,336 | 16,055,946 | ||||||
60,180,212 | ||||||||
Capital Goods 1.0% | ||||||||
AviChina Industry & Technology Co., Ltd., H Shares | 982,000 | 585,388 | ||||||
Beijing Enterprises Holdings Ltd. | 233,000 | 2,008,271 | ||||||
China Communications Construction Co., Ltd., H Shares | 1,864,000 | 1,358,890 | ||||||
China International Marine Containers Group Co., Ltd., H Shares | 326,200 | 702,053 | ||||||
China Railway Construction Corp., Ltd., H Shares | 699,000 | 669,223 | ||||||
China Railway Group Ltd., H Shares | 1,283,000 | 663,836 | ||||||
CITIC Pacific Ltd. (a) | 591,000 | 1,149,949 | ||||||
CSR Corp., Ltd., H Shares | 960,000 | 865,841 | ||||||
Haitian International Holdings Ltd. | 180,000 | 469,152 | ||||||
Shanghai Electric Group Co., Ltd., H Shares | 932,000 | 408,870 | ||||||
Shanghai Industrial Holdings Ltd. | 315,000 | 1,050,657 | ||||||
Sinopec Engineering Group Co., Ltd., H shares | 466,000 | 531,530 | ||||||
Weichai Power Co., Ltd., H Shares | 197,000 | 798,152 | ||||||
Zhuzhou CSR Times Electric Co., Ltd., H Shares | 233,000 | 807,217 | ||||||
Zoomlion Heavy Industry Science & Technology Co., Ltd., H Shares (a) | 781,100 | 486,792 | ||||||
12,555,821 |
40 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Commercial & Professional Services 0.1% | ||||||||
China Everbright International Ltd. | 1,082,000 | 1,482,660 | ||||||
Consumer Durables & Apparel 0.2% | ||||||||
ANTA Sports Products Ltd. | 466,000 | 894,703 | ||||||
Haier Electronics Group Co., Ltd. | 329,000 | 950,898 | ||||||
Li Ning Co., Ltd. *(a) | 466,000 | 259,752 | ||||||
Shenzhou International Group Holdings Ltd. | 126,000 | 392,625 | ||||||
2,497,978 | ||||||||
Diversified Financials 0.3% | ||||||||
China Cinda Asset Management Co., Ltd., H Shares *(a) | 1,283,000 | 657,214 | ||||||
CITIC Securities Co., Ltd., H Shares | 383,000 | 909,299 | ||||||
Far East Horizon Ltd. | 744,000 | 599,988 | ||||||
Haitong Securities Co., Ltd., H Shares | 682,400 | 1,090,058 | ||||||
3,256,559 | ||||||||
Energy 3.1% | ||||||||
China Coal Energy Co., Ltd., H Shares (a) | 1,570,000 | 956,162 | ||||||
China Oilfield Services Ltd., H Shares | 652,000 | 1,930,724 | ||||||
China Petroleum & Chemical Corp., H Shares | 8,456,000 | 8,575,855 | ||||||
China Shenhua Energy Co., Ltd., H Shares | 1,122,000 | 3,235,640 | ||||||
CNOOC Ltd. | 5,592,000 | 11,241,506 | ||||||
Inner Mongolia Yitai Coal Co., Ltd., B Shares | 652,400 | 1,101,904 | ||||||
Kunlun Energy Co., Ltd. | 932,000 | 1,539,273 | ||||||
PetroChina Co., Ltd., H Shares | 7,456,000 | 10,582,505 | ||||||
Yanzhou Coal Mining Co., Ltd., H Shares (a) | 932,000 | 788,878 | ||||||
39,952,447 | ||||||||
Food & Staples Retailing 0.1% | ||||||||
China Resources Enterprise Ltd. | 444,000 | 1,194,480 | ||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Biostime International Holdings Ltd. (a) | 71,500 | 267,082 | ||||||
China Agri-Industries Holdings Ltd. | 934,000 | 382,029 | ||||||
China Huishan Dairy Holdings Co., Ltd. *(a) | 3,262,000 | 757,611 | ||||||
Tsingtao Brewery Co., Ltd., H Shares | 146,000 | 1,108,637 | ||||||
2,515,359 | ||||||||
Health Care Equipment & Services 0.2% | ||||||||
Shandong Weigao Group Medical Polymer Co., Ltd., H Shares | 676,000 | 684,709 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd., H Shares | 233,000 | 478,017 | ||||||
Sinopharm Group Co., H Shares | 390,000 | 1,361,199 | ||||||
2,523,925 | ||||||||
Household & Personal Products 0.2% | ||||||||
Hengan International Group Co., Ltd. | 233,000 | 2,484,784 | ||||||
Insurance 1.6% | ||||||||
China Life Insurance Co., Ltd., H Shares | 2,622,000 | 7,527,532 | ||||||
China Pacific Insurance (Group) Co., Ltd., H Shares | 676,500 | 2,540,099 | ||||||
China Taiping Insurance Holdings Co., Ltd. * | 466,000 | 1,134,011 | ||||||
New China Life Insurance Co., Ltd., H Shares | 153,000 | 545,854 | ||||||
PICC Property & Casualty Co., Ltd., H Shares | 1,412,000 | 2,342,964 | ||||||
Ping An Insurance Group Co. of China Ltd., H Shares | 699,000 | 5,691,103 | ||||||
19,781,563 | ||||||||
Materials 0.7% | ||||||||
Aluminum Corp. of China Ltd., H Shares *(a) | 1,274,000 | 540,823 | ||||||
Anhui Conch Cement Co., Ltd., H Shares (a) | 466,000 | 1,683,580 | ||||||
BBMG Corp., H Shares | 699,000 | 521,309 | ||||||
China BlueChemical Ltd., H Shares | 1,864,000 | 918,754 | ||||||
China National Building Material Co., Ltd., H Shares | 1,092,000 | 1,003,211 | ||||||
China Resources Cement Holdings Ltd. | 932,000 | 640,963 | ||||||
China Zhongwang Holdings Ltd. (a) | 1,304,800 | 553,898 | ||||||
Fosun International Ltd. | 699,000 | 858,626 | ||||||
Jiangxi Copper Co., Ltd., H Shares | 469,000 | 829,055 | ||||||
Lee & Man Paper Manufacturing Ltd. | 932,000 | 548,366 | ||||||
Nine Dragons Paper Holdings Ltd. (a) | 466,000 | 363,774 | ||||||
Zhaojin Mining Industry Co., Ltd., H Shares | 562,000 | 348,796 | ||||||
Zijin Mining Group Co., Ltd., H Shares (a) | 2,796,000 | 728,750 | ||||||
9,539,905 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.2% | ||||||||
CSPC Pharmaceutical Group Ltd. | 1,044,000 | 872,902 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd., H Shares | 93,500 | 304,020 | ||||||
Sihuan Pharmaceutical Holdings Group Ltd. | 1,701,000 | 1,139,099 | ||||||
Sino Biopharmaceutical Ltd. | 668,000 | 615,410 | ||||||
2,931,431 | ||||||||
Real Estate 1.1% | ||||||||
China Overseas Land & Investment Ltd. | 1,396,000 | 3,926,737 | ||||||
China Resources Land Ltd. | 932,000 | 2,133,337 | ||||||
China Vanke Co., Ltd., H Shares *(a) | 756,500 | 1,417,312 | ||||||
Country Garden Holdings Co., Ltd. | 1,461,000 | 648,483 | ||||||
Evergrande Real Estate Group Ltd. (a) | 2,330,000 | 974,072 | ||||||
Greentown China Holdings Ltd. | 466,000 | 490,643 |
See financial notes 41
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Guangzhou R&F Properties Co., Ltd., H Shares | 415,600 | 500,855 | ||||||
Longfor Properties Co., Ltd. | 466,000 | 595,266 | ||||||
Renhe Commercial Holdings Co., Ltd. *(a) | 6,524,000 | 298,836 | ||||||
Shimao Property Holdings Ltd. | 466,000 | 1,025,781 | ||||||
Sino-Ocean Land Holdings Ltd. | 1,864,000 | 1,053,440 | ||||||
Yuexiu Property Co., Ltd. | 4,660,000 | 998,123 | ||||||
14,062,885 | ||||||||
Retailing 0.3% | ||||||||
Belle International Holdings Ltd. | 1,578,000 | 2,017,765 | ||||||
GOME Electrical Appliances Holdings Ltd. | 5,126,000 | 912,741 | ||||||
Zhongsheng Group Holdings Ltd. | 233,000 | 258,249 | ||||||
3,188,755 | ||||||||
Semiconductors & Semiconductor Equipment 0.1% | ||||||||
GCL- Poly Energy Holdings Ltd. *(a) | 4,203,000 | 1,513,051 | ||||||
Software & Services 2.1% | ||||||||
Kingsoft Corp., Ltd. (a) | 277,000 | 793,456 | ||||||
Tencent Holdings Ltd. | 1,568,200 | 25,596,576 | ||||||
Travelsky Technology Ltd., H Shares | 466,000 | 458,174 | ||||||
26,848,206 | ||||||||
Technology Hardware & Equipment 0.4% | ||||||||
Kingboard Chemical Holdings Ltd. | 267,000 | 554,660 | ||||||
Lenovo Group Ltd. | 2,344,000 | 3,580,958 | ||||||
ZTE Corp., H Shares (a) | 297,360 | 669,910 | ||||||
4,805,528 | ||||||||
Telecommunication Services 2.3% | ||||||||
China Mobile Ltd. | 1,743,500 | 21,686,471 | ||||||
China Telecom Corp., Ltd., H Shares | 6,524,000 | 4,032,175 | ||||||
China Unicom (Hong Kong) Ltd. | 1,864,000 | 3,323,868 | ||||||
29,042,514 | ||||||||
Transportation 0.5% | ||||||||
Air China Ltd., H Shares | 1,394,000 | 863,364 | ||||||
China COSCO Holdings Co., Ltd., H Shares *(a) | 1,186,000 | 511,118 | ||||||
China Merchants Holdings International Co., Ltd. | 512,000 | 1,697,825 | ||||||
China Shipping Container Lines Co., Ltd., H Shares *(a) | 1,864,000 | 531,530 | ||||||
COSCO Pacific Ltd. | 932,000 | 1,305,977 | ||||||
Jiangsu Expressway Co., Ltd., H Shares | 378,000 | 430,668 | ||||||
Sinotrans Ltd. | 557,000 | 375,159 | ||||||
Zhejiang Expressway Co., Ltd., H Shares | 932,000 | 927,172 | ||||||
6,642,813 | ||||||||
Utilities 0.9% | ||||||||
Beijing Enterprises Water Group Ltd. | 1,257,000 | 856,365 | ||||||
Beijing Jingneng Clean Energy Co., Ltd., H Shares | 488,000 | 215,975 | ||||||
China Gas Holdings Ltd. | 538,000 | 957,969 | ||||||
China Longyuan Power Group Corp., H Shares | 932,000 | 1,007,743 | ||||||
China Resources Gas Group Ltd. | 230,000 | 669,213 | ||||||
China Resources Power Holdings Co., Ltd. | 932,000 | 2,819,997 | ||||||
Datang International Power Generation Co., Ltd., H Shares | 2,796,000 | 1,551,299 | ||||||
ENN Energy Holdings Ltd. | 238,000 | 1,681,322 | ||||||
Huadian Fuxin Energy Corp., Ltd., H Shares | 476,000 | 281,295 | ||||||
Huaneng Power International, Inc., H Shares | 1,272,000 | 1,529,653 | ||||||
Huaneng Renewables Corp., Ltd., H Shares | 932,000 | 342,729 | ||||||
11,913,560 | ||||||||
267,805,324 | ||||||||
Colombia 1.0% | ||||||||
Banks 0.2% | ||||||||
Bancolombia S.A. ADR | 37,280 | 2,359,078 | ||||||
Diversified Financials 0.2% | ||||||||
Corp. Financiera Colombiana S.A. | 56,456 | 1,203,602 | ||||||
Grupo de Inversiones Suramericana S.A. | 61,978 | 1,424,707 | ||||||
2,628,309 | ||||||||
Energy 0.3% | ||||||||
Ecopetrol S.A. ADR (a) | 92,268 | 3,190,628 | ||||||
Food & Staples Retailing 0.1% | ||||||||
Almacenes Exito S.A. | 90,404 | 1,539,052 | ||||||
Materials 0.1% | ||||||||
Cementos Argos S.A. | 140,266 | 826,191 | ||||||
Cemex Latam Holdings S.A. * | 52,192 | 516,901 | ||||||
1,343,092 | ||||||||
Utilities 0.1% | ||||||||
Interconexion Electrica S.A. ESP | 132,344 | 669,153 | ||||||
Isagen S.A. ESP | 455,282 | 681,102 | ||||||
1,350,255 | ||||||||
12,410,414 | ||||||||
Czech Republic 0.3% | ||||||||
Banks 0.1% | ||||||||
Komercni Banka A/S | 5,126 | 1,192,133 | ||||||
Telecommunication Services 0.1% | ||||||||
O2 Czech Republic A/S | 50,124 | 704,186 | ||||||
Utilities 0.1% | ||||||||
CEZ A/S | 61,046 | 1,774,652 | ||||||
3,670,971 | ||||||||
Egypt 0.3% | ||||||||
Banks 0.2% | ||||||||
Commercial International Bank Egypt SAE GDR - Reg’d | 411,478 | 2,612,885 |
42 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Telecommunication Services 0.1% | ||||||||
Global Telecom Holding SAE GDR * | 416,150 | 1,493,146 | ||||||
Orascom Telecom Media & Technology Holding SAE GDR *(b)(d) | 176,826 | 154,564 | ||||||
1,647,710 | ||||||||
4,260,595 | ||||||||
Hungary 0.3% | ||||||||
Banks 0.1% | ||||||||
OTP Bank plc | 74,560 | 1,288,904 | ||||||
Energy 0.1% | ||||||||
MOL Hungarian Oil & Gas plc | 25,060 | 1,234,746 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Richter Gedeon Nyrt | 51,260 | 824,906 | ||||||
3,348,556 | ||||||||
India 10.5% | ||||||||
Automobiles & Components 0.7% | ||||||||
Bajaj Auto Ltd. | 34,484 | 1,283,603 | ||||||
Hero MotoCorp Ltd. | 29,825 | 1,280,293 | ||||||
Mahindra & Mahindra Ltd. | 103,452 | 2,399,104 | ||||||
Maruti Suzuki India Ltd. | 27,960 | 1,283,036 | ||||||
Tata Motors Ltd. | 328,530 | 2,842,694 | ||||||
9,088,730 | ||||||||
Banks 2.3% | ||||||||
Axis Bank Ltd. | 545,997 | 3,574,445 | ||||||
Bank of Baroda | 34,552 | 496,244 | ||||||
HDFC Bank Ltd. | 389,652 | 5,416,792 | ||||||
Housing Development Finance Corp. | 531,240 | 9,407,010 | ||||||
ICICI Bank Ltd. | 190,128 | 4,877,905 | ||||||
IndusInd Bank Ltd. | 94,243 | 909,271 | ||||||
Kotak Mahindra Bank Ltd. | 117,432 | 2,007,936 | ||||||
State Bank of India | 53,590 | 2,173,186 | ||||||
Yes Bank Ltd. | 67,104 | 632,611 | ||||||
29,495,400 | ||||||||
Capital Goods 0.4% | ||||||||
Adani Enterprises Ltd. | 101,588 | 801,755 | ||||||
Bharat Heavy Electricals Ltd. | 260,960 | 1,036,013 | ||||||
Cummins India Ltd. | 55,920 | 636,611 | ||||||
GMR Infrastructure Ltd. | 435,604 | 181,980 | ||||||
Jaiprakash Associates Ltd. * | 434,778 | 333,177 | ||||||
Larsen & Toubro Ltd. | 85,107 | 2,140,999 | ||||||
Siemens Ltd. | 28,426 | 372,096 | ||||||
5,502,631 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Titan Co., Ltd. | 97,860 | 586,063 | ||||||
Diversified Financials 0.3% | ||||||||
Bajaj Holdings & Investment Ltd. | 35,339 | 777,598 | ||||||
IDFC Ltd. | 436,176 | 1,036,888 | ||||||
Mahindra & Mahindra Financial Services Ltd. | 98,326 | 452,578 | ||||||
Power Finance Corp., Ltd. | 131,412 | 541,631 | ||||||
Rural Electrification Corp., Ltd. | 128,150 | 566,728 | ||||||
Shriram Transport Finance Co., Ltd. | 43,804 | 652,693 | ||||||
4,028,116 | ||||||||
Energy 1.4% | ||||||||
Bharat Petroleum Corp., Ltd. | 99,169 | 1,134,691 | ||||||
Cairn India Ltd. | 155,178 | 834,325 | ||||||
Coal India Ltd. | 218,088 | 1,279,847 | ||||||
Indian Oil Corp., Ltd. | 128,616 | 761,776 | ||||||
Oil & Natural Gas Corp., Ltd. | 695,738 | 4,987,575 | ||||||
Reliance Industries Ltd. | 540,022 | 8,887,936 | ||||||
The Great Eastern Shipping Co., Ltd. | 111,374 | 676,816 | ||||||
18,562,966 | ||||||||
Food, Beverage & Tobacco 0.5% | ||||||||
ITC Ltd. | 687,816 | 4,027,374 | ||||||
Nestle India Ltd. | 12,116 | 1,203,723 | ||||||
United Spirits Ltd. | 34,484 | 1,362,794 | ||||||
6,593,891 | ||||||||
Household & Personal Products 0.4% | ||||||||
Colgate-Palmolive (India) Ltd. | 24,698 | 625,224 | ||||||
Dabur India Ltd. | 176,444 | 676,349 | ||||||
Godrej Consumer Products Ltd. | 28,426 | 461,876 | ||||||
Hindustan Unilever Ltd. | 258,164 | 3,158,765 | ||||||
4,922,214 | ||||||||
Materials 0.8% | ||||||||
Ambuja Cements Ltd. | 217,274 | 738,689 | ||||||
Asian Paints Ltd. | 99,418 | 1,022,688 | ||||||
Hindalco Industries Ltd. | 440,751 | 1,235,526 | ||||||
Jindal Steel & Power Ltd. | 159,838 | 613,748 | ||||||
JSW Steel Ltd. | 55,784 | 1,143,259 | ||||||
NMDC Ltd. | 250,708 | 700,520 | ||||||
Sesa Sterlite Ltd. | 460,408 | 2,102,869 | ||||||
Steel Authority of India Ltd. | 240,154 | 320,773 | ||||||
Tata Steel Ltd. | 91,336 | 772,397 | ||||||
Ultratech Cement Ltd. | 32,620 | 1,370,841 | ||||||
10,021,310 | ||||||||
Media 0.1% | ||||||||
Zee Entertainment Enterprises Ltd. | 226,892 | 1,023,407 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.8% | ||||||||
Cipla Ltd. | 180,808 | 1,532,160 | ||||||
Dr. Reddy’s Laboratories Ltd. | 36,814 | 1,788,464 | ||||||
Glenmark Pharmaceuticals Ltd. | 35,416 | 418,420 | ||||||
Lupin Ltd. | 70,304 | 1,489,268 | ||||||
Piramal Enterprises Ltd. | 30,290 | 344,007 | ||||||
Ranbaxy Laboratories Ltd. * | 46,600 | 492,034 | ||||||
Sun Pharmaceutical Industries Ltd. | 265,620 | 3,743,762 | ||||||
9,808,115 | ||||||||
Real Estate 0.1% | ||||||||
DLF Ltd. | 185,002 | 540,554 | ||||||
Unitech Ltd. * | 553,804 | 198,048 | ||||||
738,602 | ||||||||
Software & Services 1.8% | ||||||||
HCL Technologies Ltd. | 91,336 | 2,454,617 | ||||||
Infosys Ltd. | 166,828 | 9,894,209 | ||||||
Oracle Financial Services Software Ltd. * | 6,524 | 387,742 |
See financial notes 43
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Tata Consultancy Services Ltd. | 145,392 | 6,043,664 | ||||||
Tech Mahindra Ltd. | 46,348 | 1,804,883 | ||||||
Wipro Ltd. ADR | 173,064 | 2,069,845 | ||||||
22,654,960 | ||||||||
Telecommunication Services 0.4% | ||||||||
Bharti Airtel Ltd. | 506,076 | 3,084,161 | ||||||
Idea Cellular Ltd. | 448,292 | 1,196,086 | ||||||
Reliance Communications Ltd. | 211,098 | 403,549 | ||||||
4,683,796 | ||||||||
Transportation 0.1% | ||||||||
Adani Ports & Special Economic Zone Ltd. | 190,128 | 886,251 | ||||||
Utilities 0.4% | ||||||||
GAIL India Ltd. | 154,712 | 1,130,509 | ||||||
NTPC Ltd. | 712,048 | 1,612,317 | ||||||
Power Grid Corp. of India Ltd. | 447,826 | 953,512 | ||||||
Reliance Infrastructure Ltd. | 54,056 | 622,963 | ||||||
Tata Power Co., Ltd. | 531,240 | 758,164 | ||||||
5,077,465 | ||||||||
133,673,917 | ||||||||
Indonesia 2.7% | ||||||||
Automobiles & Components 0.4% | ||||||||
PT Astra International Tbk | 6,908,000 | 4,473,443 | ||||||
Banks 1.0% | ||||||||
PT Bank Danamon Indonesia Tbk | 871,800 | 279,483 | ||||||
PT Bank Central Asia Tbk | 4,427,000 | 4,238,718 | ||||||
PT Bank Mandiri (Persero) Tbk | 3,029,459 | 2,686,953 | ||||||
PT Bank Negara Indonesia (Persero) Tbk | 3,075,616 | 1,406,672 | ||||||
PT Bank Rakyat Indonesia (Persero) Tbk | 3,649,500 | 3,447,486 | ||||||
12,059,312 | ||||||||
Capital Goods 0.1% | ||||||||
PT United Tractors Tbk | 652,400 | 1,235,363 | ||||||
Energy 0.1% | ||||||||
PT Adaro Energy Tbk | 7,384,200 | 830,111 | ||||||
PT Tambang Batubara Bukit Asam (Persero) Tbk | 466,000 | 531,832 | ||||||
1,361,943 | ||||||||
Food, Beverage & Tobacco 0.2% | ||||||||
PT Astra Agro Lestari Tbk | 191,800 | 418,115 | ||||||
PT Charoen Pokphand Indonesia Tbk | 2,864,700 | 941,635 | ||||||
PT Gudang Garam Tbk | 158,300 | 730,772 | ||||||
PT Indofood Sukses Makmur Tbk | 1,654,400 | 972,344 | ||||||
3,062,866 | ||||||||
Household & Personal Products 0.1% | ||||||||
PT Unilever Indonesia Tbk | 466,000 | 1,235,961 | ||||||
Materials 0.2% | ||||||||
PT Indocement Tunggal Prakarsa Tbk | 466,000 | 966,061 | ||||||
PT Semen Indonesia (Persero) Tbk | 1,011,700 | 1,403,277 | ||||||
PT Vale Indonesia Tbk | 918,400 | 328,182 | ||||||
2,697,520 | ||||||||
Media 0.1% | ||||||||
PT Media Nusantara Citra Tbk | 2,516,400 | 603,420 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
PT Kalbe Farma Tbk | 9,646,200 | 1,368,899 | ||||||
Telecommunication Services 0.3% | ||||||||
PT Telekomunikasi Indonesia (Persero) Tbk | 19,152,600 | 4,363,469 | ||||||
Transportation 0.0% | ||||||||
PT Jasa Marga Persero Tbk | 936,000 | 496,106 | ||||||
Utilities 0.1% | ||||||||
PT Perusahaan Gas Negara (Persero) Tbk | 3,728,000 | 1,848,463 | ||||||
34,806,765 | ||||||||
Malaysia 4.8% | ||||||||
Automobiles & Components 0.1% | ||||||||
UMW Holdings Berhad | 326,200 | 1,279,134 | ||||||
Banks 1.5% | ||||||||
Alliance Financial Group Berhad | 749,000 | 1,154,867 | ||||||
AMMB Holdings Berhad | 745,600 | 1,580,142 | ||||||
CIMB Group Holdings Berhad | 1,739,200 | 4,072,112 | ||||||
Hong Leong Bank Berhad | 238,600 | 1,090,051 | ||||||
Malayan Banking Berhad | 1,491,200 | 4,778,274 | ||||||
Public Bank Berhad | 971,330 | 5,941,384 | ||||||
RHB Capital Berhad | 238,600 | 694,150 | ||||||
19,310,980 | ||||||||
Capital Goods 0.5% | ||||||||
Gamuda Berhad | 1,027,400 | 1,574,347 | ||||||
IJM Corp. Berhad | 474,500 | 978,506 | ||||||
Sime Darby Berhad | 1,071,800 | 3,216,760 | ||||||
5,769,613 | ||||||||
Consumer Services 0.4% | ||||||||
Berjaya Sports Toto Berhad | 285,256 | 340,280 | ||||||
Genting Berhad | 838,800 | 2,549,399 | ||||||
Genting Malaysia Berhad | 1,086,700 | 1,554,891 | ||||||
4,444,570 | ||||||||
Energy 0.2% | ||||||||
Bumi Armada Berhad * | 326,200 | 305,295 | ||||||
Petronas Dagangan Berhad | 139,800 | 891,491 | ||||||
SapuraKencana Petroleum Berhad | 1,435,000 | 1,921,225 | ||||||
3,118,011 | ||||||||
Food, Beverage & Tobacco 0.5% | ||||||||
British American Tobacco Malaysia Berhad | 46,600 | 1,064,467 | ||||||
Felda Global Ventures Holdings Berhad | 419,400 | 508,283 | ||||||
IOI Corp. Berhad | 1,607,800 | 2,438,225 | ||||||
Kuala Lumpur Kepong Berhad | 192,200 | 1,343,936 | ||||||
PPB Group Berhad | 192,200 | 901,242 | ||||||
6,256,153 | ||||||||
Health Care Equipment & Services 0.1% | ||||||||
IHH Healthcare Berhad | 932,000 | 1,442,944 |
44 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Materials 0.2% | ||||||||
Lafarge Malaysia Berhad | 139,800 | 452,399 | ||||||
Petronas Chemicals Group Berhad | 978,600 | 1,955,958 | ||||||
2,408,357 | ||||||||
Media 0.0% | ||||||||
Astro Malaysia Holdings Berhad | 233,000 | 242,462 | ||||||
Real Estate 0.1% | ||||||||
IOI Properties Group Berhad * | 652,400 | 509,170 | ||||||
KLCCP Stapled Group | 145,300 | 305,167 | ||||||
SP Setia Berhad Group | 759,800 | 831,634 | ||||||
1,645,971 | ||||||||
Telecommunication Services 0.7% | ||||||||
Axiata Group Berhad | 1,770,800 | 3,893,288 | ||||||
DiGi.com Berhad | 1,491,200 | 2,710,843 | ||||||
Maxis Berhad | 795,400 | 1,652,877 | ||||||
Telekom Malaysia Berhad | 233,000 | 470,140 | ||||||
8,727,148 | ||||||||
Transportation 0.1% | ||||||||
Malaysia Airports Holdings Berhad | 233,000 | 569,194 | ||||||
MISC Berhad | 559,200 | 1,220,589 | ||||||
1,789,783 | ||||||||
Utilities 0.4% | ||||||||
Petronas Gas Berhad | 273,600 | 1,979,086 | ||||||
Tenaga Nasional Berhad | 412,050 | 1,618,394 | ||||||
YTL Corp. Berhad | 1,779,840 | 914,766 | ||||||
YTL Power International Berhad * | 1,220,825 | 577,103 | ||||||
5,089,349 | ||||||||
61,524,475 | ||||||||
Mexico 5.9% | ||||||||
Banks 0.7% | ||||||||
Grupo Financiero Banorte S.A.B. de C.V., O Shares | 803,200 | 5,654,434 | ||||||
Grupo Financiero Inbursa S.A.B. de C.V., O Shares | 745,600 | 2,265,511 | ||||||
Grupo Financiero Santander Mexico S.A.B. de C.V., B Shares | 507,300 | 1,519,320 | ||||||
9,439,265 | ||||||||
Capital Goods 0.4% | ||||||||
Alfa S.A.B. de C.V., A Shares | 838,800 | 2,698,812 | ||||||
Grupo Carso S.A.B. de C.V., Series A1 | 186,400 | 1,139,028 | ||||||
Promotora y Operadora de Infraestructura S.A.B. de C.V. * | 54,700 | 766,817 | ||||||
4,604,657 | ||||||||
Diversified Financials 0.1% | ||||||||
Compartamos S.A.B. de C.V. | 372,800 | 796,037 | ||||||
Food & Staples Retailing 0.5% | ||||||||
Controladora Comercial Mexicana S.A.B. de C.V. | 186,400 | 717,916 | ||||||
Organizacion Soriana S.A.B. de C.V., B Shares | 54,400 | 187,428 | ||||||
Wal-Mart de Mexico S.A.B. de C.V., Series V | 2,050,400 | 5,582,520 | ||||||
6,487,864 | ||||||||
Food, Beverage & Tobacco 1.0% | ||||||||
Arca Continental S.A.B. de C.V. | 139,800 | 1,027,691 | ||||||
Coca-Cola Femsa S.A.B. de C.V., Series L | 152,000 | 1,657,114 | ||||||
Fomento Economico Mexicano S.A.B. de C.V. | 745,600 | 7,237,888 | ||||||
Gruma S.A.B. de C.V., B Shares * | 46,600 | 531,630 | ||||||
Grupo Bimbo S.A.B. de C.V., Series A | 652,400 | 2,053,672 | ||||||
Grupo Lala S.A.B. de C.V. | 197,700 | 513,169 | ||||||
13,021,164 | ||||||||
Household & Personal Products 0.1% | ||||||||
Kimberly-Clark de Mexico S.A.B. de C.V., A Shares | 279,600 | 746,070 | ||||||
Materials 1.1% | ||||||||
Alpek S.A. de C.V. | 225,400 | 453,541 | ||||||
Cemex S.A.B. de C.V., Series CPO * | 4,020,464 | 5,340,940 | ||||||
Grupo Mexico S.A.B. de C.V., Series B | 1,351,400 | 4,909,296 | ||||||
Industrias CH S.A.B. de C.V., Series B * | 46,600 | 257,493 | ||||||
Industrias Penoles S.A.B. de C.V. | 46,600 | 1,182,508 | ||||||
Mexichem S.A.B. de C.V. | 419,400 | 1,808,723 | ||||||
Minera Frisco S.A.B. de C.V., Series A1 * | 212,300 | 426,857 | ||||||
14,379,358 | ||||||||
Media 0.6% | ||||||||
Grupo Televisa S.A.B., Series CPO | 978,600 | 7,281,404 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.1% | ||||||||
Genomma Lab Internacional S.A.B. de C.V., B Shares * | 268,000 | 714,913 | ||||||
Real Estate 0.2% | ||||||||
Concentradora Fibra Danhos S.A. de C.V. | 109,000 | 293,767 | ||||||
Fibra Uno Administracion S.A. de C.V. | 652,400 | 2,342,563 | ||||||
2,636,330 | ||||||||
Retailing 0.0% | ||||||||
Grupo Elektra S.A. de C.V. | 13,980 | 409,152 | ||||||
Telecommunication Services 1.0% | ||||||||
America Movil S.A.B. de C.V., Series L | 10,578,200 | 12,936,057 | ||||||
Transportation 0.1% | ||||||||
Grupo Aeroportuario del Sureste S.A.B. de C.V., B Shares | 75,100 | 962,679 | ||||||
OHL Mexico S.A.B. de C.V. * | 279,600 | 821,127 | ||||||
1,783,806 |
See financial notes 45
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Utilities 0.0% | ||||||||
Infraestructura Energetica Nova S.A.B. de C.V. | 80,500 | 482,981 | ||||||
75,719,058 | ||||||||
Pakistan 0.0% | ||||||||
Energy 0.0% | ||||||||
Oil & Gas Development Co., Ltd. GDR - Reg’d (d) | 9,984 | 239,616 | ||||||
Peru 0.4% | ||||||||
Banks 0.3% | ||||||||
Credicorp Ltd. | 19,572 | 3,035,030 | ||||||
Materials 0.1% | ||||||||
Companhia de Minas Buenaventura S.A. ADR | 100,190 | 1,458,766 | ||||||
4,493,796 | ||||||||
Philippines 1.6% | ||||||||
Banks 0.3% | ||||||||
Bank of the Philippine Islands | 822,606 | 1,792,375 | ||||||
BDO Unibank, Inc. | 649,480 | 1,348,118 | ||||||
Metropolitan Bank & Trust Co. | 259,486 | 511,533 | ||||||
3,652,026 | ||||||||
Capital Goods 0.5% | ||||||||
Aboitiz Equity Ventures, Inc. | 652,400 | 819,241 | ||||||
Alliance Global Group, Inc. | 1,444,600 | 815,072 | ||||||
DMCI Holdings, Inc. | 326,200 | 598,532 | ||||||
JG Summit Holdings, Inc. | 683,900 | 807,033 | ||||||
San Miguel Corp. | 302,900 | 548,833 | ||||||
SM Investments Corp. | 127,575 | 2,258,897 | ||||||
5,847,608 | ||||||||
Consumer Services 0.0% | ||||||||
Jollibee Foods Corp. | 149,120 | 615,633 | ||||||
Diversified Financials 0.1% | ||||||||
Ayala Corp. | 74,560 | 1,197,919 | ||||||
GT Capital Holdings, Inc. | 18,640 | 401,872 | ||||||
1,599,791 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
LT Group, Inc. | 1,025,200 | 360,231 | ||||||
Universal Robina Corp. | 288,920 | 1,076,823 | ||||||
1,437,054 | ||||||||
Real Estate 0.2% | ||||||||
Ayala Land, Inc. | 1,864,000 | 1,410,826 | ||||||
SM Prime Holdings, Inc. | 3,029,000 | 1,124,064 | ||||||
2,534,890 | ||||||||
Telecommunication Services 0.2% | ||||||||
Philippine Long Distance Telephone Co. | 29,970 | 2,371,479 | ||||||
Transportation 0.1% | ||||||||
International Container Terminal Services, Inc. | 433,380 | 1,122,216 | ||||||
Utilities 0.1% | ||||||||
Aboitiz Power Corp. | 932,000 | 801,606 | ||||||
Energy Development Corp. | 4,009,600 | 668,573 | ||||||
Manila Electric Co. | 55,920 | 325,003 | ||||||
1,795,182 | ||||||||
20,975,879 | ||||||||
Poland 1.6% | ||||||||
Banks 0.7% | ||||||||
Bank Handlowy w Warszawie S.A. | 20,038 | 717,579 | ||||||
Bank Millennium S.A. | 195,720 | 491,542 | ||||||
Bank Pekao S.A. | 41,940 | 2,362,392 | ||||||
Getin Noble Bank S.A. * | 770,305 | 626,391 | ||||||
mBank S.A. | 4,194 | 607,978 | ||||||
Powszechna Kasa Oszczednosci Bank Polski S.A. | 285,192 | 3,411,761 | ||||||
8,217,643 | ||||||||
Energy 0.2% | ||||||||
Polski Koncern Naftowy Orlen S.A. | 128,150 | 1,580,357 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo S.A. | 870,664 | 1,328,863 | ||||||
2,909,220 | ||||||||
Insurance 0.2% | ||||||||
Powszechny Zaklad Ubezpieczen S.A. | 19,572 | 2,870,899 | ||||||
Materials 0.2% | ||||||||
KGHM Polska Miedz S.A. | 55,598 | 2,291,841 | ||||||
Synthos S.A. | 229,738 | 330,522 | ||||||
2,622,363 | ||||||||
Media 0.0% | ||||||||
Cyfrowy Polsat S.A. | 56,136 | 449,285 | ||||||
Telecommunication Services 0.1% | ||||||||
Orange Polska S.A. | 225,078 | 756,044 | ||||||
Utilities 0.2% | ||||||||
Enea S.A. | 82,016 | 384,769 | ||||||
PGE S.A. | 314,084 | 2,142,453 | ||||||
Tauron Polska Energia S.A. | 269,499 | 420,598 | ||||||
2,947,820 | ||||||||
20,773,274 | ||||||||
Russia 4.5% | ||||||||
Banks 0.6% | ||||||||
Sberbank of Russia * | 1 | 2 | ||||||
Sberbank of Russia ADR | 826,382 | 6,735,013 | ||||||
VTB Bank OJSC GDR - Reg’d | 691,418 | 1,438,150 | ||||||
8,173,165 | ||||||||
Energy 2.5% | ||||||||
AK Transneft OAO * | 250 | 549,307 | ||||||
Gazprom OAO | 1 | 4 | ||||||
Gazprom OAO ADR | 1,978,276 | 14,144,673 | ||||||
LUKOIL OAO * | 1 | 55 | ||||||
Lukoil OAO ADR | 173,352 | 9,664,374 | ||||||
NovaTek OAO * | 189,300 | 1,878,110 | ||||||
Rosneft OJSC GDR - Reg’d | 385,518 | 2,353,973 | ||||||
Surgutneftegas OAO * | 1 | 1 | ||||||
Surgutneftegas OAO ADR | 131,544 | 910,285 | ||||||
Tatneft OAO * | 1 | 6 |
46 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Tatneft OAO ADR | 47,908 | 1,777,387 | ||||||
TMK OAO GDR - Reg’d | 31,097 | 304,284 | ||||||
31,582,459 | ||||||||
Food & Staples Retailing 0.5% | ||||||||
Magnit OJSC GDR - Reg’d | 101,860 | 5,928,252 | ||||||
Materials 0.5% | ||||||||
MMC Norilsk Nickel OJSC * | 1 | 195 | ||||||
MMC Norilsk Nickel OJSC ADR | 169,558 | 3,318,250 | ||||||
Novolipetsk Steel OJSC GDR - Reg’d | 26,740 | 382,382 | ||||||
PhosAgro OAO GDR - Reg’d | 25,354 | 286,500 | ||||||
Severstal OAO GDR - Reg’d | 80,690 | 778,658 | ||||||
Uralkali OJSC GDR - Reg’d | 57,652 | 1,074,057 | ||||||
5,840,042 | ||||||||
Real Estate 0.0% | ||||||||
LSR Group GDR - Reg’d | 57,016 | 205,258 | ||||||
Telecommunication Services 0.4% | ||||||||
MegaFon OAO GDR - Reg’d | 35,996 | 1,018,687 | ||||||
Mobile Telesystems OJSC ADR | 154,932 | 2,858,495 | ||||||
Sistema JSFC GDR - Reg’d | 51,726 | 1,176,767 | ||||||
5,053,949 | ||||||||
Utilities 0.0% | ||||||||
Federal Grid Co. Unified Energy System JSC * | 129,810,000 | 189,003 | ||||||
Rosseti JSC * | 27,723,001 | 384,906 | ||||||
573,909 | ||||||||
57,357,034 | ||||||||
South Africa 9.4% | ||||||||
Banks 0.7% | ||||||||
Barclays Africa Group Ltd. | 108,578 | 1,700,634 | ||||||
Capitec Bank Holdings Ltd. | 14,266 | 284,437 | ||||||
Nedbank Group Ltd. | 71,298 | 1,533,168 | ||||||
Standard Bank Group Ltd. | 418,468 | 5,429,846 | ||||||
8,948,085 | ||||||||
Capital Goods 0.4% | ||||||||
Aveng Ltd. * | 183,604 | 394,298 | ||||||
Barloworld Ltd. | 82,482 | 786,089 | ||||||
Reunert Ltd. | 80,152 | 497,398 | ||||||
The Bidvest Group Ltd. | 105,316 | 2,785,744 | ||||||
4,463,529 | ||||||||
Consumer Durables & Apparel 0.3% | ||||||||
Steinhoff International Holdings Ltd. | 806,797 | 3,983,387 | ||||||
Consumer Services 0.0% | ||||||||
Sun International Ltd. | 37,280 | 410,117 | ||||||
Diversified Financials 1.0% | ||||||||
Brait SE * | 84,829 | 631,787 | ||||||
Coronation Fund Managers Ltd. | 95,996 | 902,608 | ||||||
FirstRand Ltd. | 1,056,655 | 4,297,001 | ||||||
Investec Ltd. | 107,646 | 973,687 | ||||||
JSE Ltd. | 62,016 | 590,865 | ||||||
Remgro Ltd. | 179,410 | 4,107,634 | ||||||
RMB Holdings Ltd. | 274,474 | 1,444,709 | ||||||
12,948,291 | ||||||||
Energy 0.9% | ||||||||
Exxaro Resources Ltd. | 42,406 | 601,596 | ||||||
Sasol Ltd. | 191,530 | 11,134,435 | ||||||
11,736,031 | ||||||||
Food & Staples Retailing 0.4% | ||||||||
Clicks Group Ltd. | 87,680 | 570,084 | ||||||
Massmart Holdings Ltd. | 36,874 | 453,393 | ||||||
Pick n Pay Stores Ltd. | 98,792 | 524,827 | ||||||
Shoprite Holdings Ltd. | 158,906 | 2,203,085 | ||||||
The SPAR Group Ltd. | 82,948 | 1,016,786 | ||||||
4,768,175 | ||||||||
Food, Beverage & Tobacco 0.2% | ||||||||
AVI Ltd. | 158,906 | 910,967 | ||||||
Tiger Brands Ltd. | 59,182 | 1,708,340 | ||||||
2,619,307 | ||||||||
Health Care Equipment & Services 0.3% | ||||||||
Life Healthcare Group Holdings Ltd. | 347,636 | 1,463,710 | ||||||
Mediclinic International Ltd. | 118,017 | 1,026,215 | ||||||
Netcare Ltd. | 517,726 | 1,572,348 | ||||||
4,062,273 | ||||||||
Insurance 0.5% | ||||||||
Discovery Ltd. | 150,052 | 1,384,772 | ||||||
MMI Holdings Ltd. | 477,650 | 1,234,613 | ||||||
Sanlam Ltd. | 608,596 | 3,776,758 | ||||||
6,396,143 | ||||||||
Materials 1.0% | ||||||||
Aeci Ltd. | 56,852 | 657,502 | ||||||
African Rainbow Minerals Ltd. | 33,552 | 573,060 | ||||||
Anglo American Platinum Ltd. * | 23,300 | 970,742 | ||||||
AngloGold Ashanti Ltd. * | 130,014 | 2,213,272 | ||||||
Gold Fields Ltd. | 269,348 | 1,276,664 | ||||||
Harmony Gold Mining Co., Ltd. * | 188,730 | 571,936 | ||||||
Impala Platinum Holdings Ltd. | 182,206 | 1,648,958 | ||||||
Kumba Iron Ore Ltd. | 21,436 | 641,947 | ||||||
Mondi Ltd. | 55,498 | 946,066 | ||||||
Nampak Ltd. | �� | 299,638 | 1,201,606 | |||||
Northam Platinum Ltd. * | 80,679 | 323,918 | ||||||
PPC Ltd. | 219,486 | 683,301 | ||||||
Sappi Ltd. * | 197,118 | 815,502 | ||||||
Sibanye Gold Ltd. | 262,960 | 619,855 | ||||||
13,144,329 | ||||||||
Media 1.3% | ||||||||
Naspers Ltd., N Shares | 134,208 | 17,105,293 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.3% | ||||||||
Aspen Pharmacare Holdings Ltd. | 109,044 | 3,133,808 | ||||||
Real Estate 0.2% | ||||||||
Capital Property Fund | 703,660 | 790,637 | ||||||
Growthpoint Properties Ltd. | 740,008 | 1,753,408 | ||||||
2,544,045 | ||||||||
Retailing 0.6% | ||||||||
Imperial Holdings Ltd. | 65,706 | 1,175,065 | ||||||
Mr. Price Group Ltd. | 93,200 | 1,793,824 | ||||||
The Foschini Group Ltd. | 79,686 | 862,539 | ||||||
Truworths International Ltd. | 155,178 | 1,085,549 | ||||||
Woolworths Holdings Ltd. | 275,406 | 2,057,634 | ||||||
6,974,611 |
See financial notes 47
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Telecommunication Services 1.3% | ||||||||
MTN Group Ltd. | 604,868 | 13,708,688 | ||||||
Telkom S.A. SOC Ltd. * | 201,808 | 1,084,428 | ||||||
Vodacom Group Ltd. | 122,558 | 1,479,053 | ||||||
16,272,169 | ||||||||
Transportation 0.0% | ||||||||
Grindrod Ltd. | 139,334 | 324,380 | ||||||
119,833,973 | ||||||||
Taiwan 13.4% | ||||||||
Automobiles & Components 0.2% | ||||||||
Cheng Shin Rubber Industry Co., Ltd. | 914,557 | 2,111,187 | ||||||
Yulon Motor Co., Ltd. | 385,000 | 618,257 | ||||||
2,729,444 | ||||||||
Banks 1.4% | ||||||||
Chang Hwa Commercial Bank Ltd. | 2,133,352 | 1,327,524 | ||||||
China Development Financial Holding Corp. | 5,149,268 | 1,739,938 | ||||||
CTBC Financial Holding Co., Ltd. | 4,660,188 | 3,391,014 | ||||||
E.Sun Financial Holding Co., Ltd. | 2,469,239 | 1,623,277 | ||||||
Far Eastern International Bank | 609,637 | 220,273 | ||||||
First Financial Holding Co., Ltd. | 2,311,561 | 1,430,685 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 3,074,706 | 1,908,158 | ||||||
Mega Financial Holding Co., Ltd. | 3,262,544 | 2,816,066 | ||||||
SinoPac Financial Holdings Co., Ltd. | 2,168,058 | 990,080 | ||||||
Taishin Financial Holding Co., Ltd. | 2,108,872 | 1,072,409 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 2,228,171 | 1,244,892 | ||||||
17,764,316 | ||||||||
Capital Goods 0.3% | ||||||||
Far Eastern New Century Corp. | 1,486,734 | 1,594,146 | ||||||
Taiwan Glass Industry Corp. | 492,036 | 424,701 | ||||||
Teco Electric & Machinery Co., Ltd. | 466,000 | 586,193 | ||||||
Walsin Lihwa Corp. * | 1,864,000 | 667,262 | ||||||
3,272,302 | ||||||||
Consumer Durables & Apparel 0.2% | ||||||||
Formosa Taffeta Co., Ltd. | 466,000 | 494,990 | ||||||
Giant Manufacturing Co., Ltd. | 91,000 | 756,545 | ||||||
Pou Chen Corp. | 732,580 | 846,778 | ||||||
2,098,313 | ||||||||
Diversified Financials 0.5% | ||||||||
Capital Securities Corp. | 1,417,629 | 495,616 | ||||||
Fubon Financial Holding Co., Ltd. | 2,455,078 | 4,008,224 | ||||||
Yuanta Financial Holding Co., Ltd. | 3,850,848 | 2,074,193 | ||||||
6,578,033 | ||||||||
Energy 0.1% | ||||||||
Formosa Petrochemical Corp. | 730,000 | 1,843,897 | ||||||
Food & Staples Retailing 0.1% | ||||||||
President Chain Store Corp. | 169,000 | 1,280,624 | ||||||
Food, Beverage & Tobacco 0.3% | ||||||||
Uni-President Enterprises Corp. | 1,726,437 | 3,159,402 | ||||||
Insurance 0.4% | ||||||||
Cathay Financial Holding Co., Ltd. | 2,442,261 | 4,167,054 | ||||||
Shin Kong Financial Holding Co., Ltd. | 2,877,546 | 938,628 | ||||||
5,105,682 | ||||||||
Materials 1.6% | ||||||||
Asia Cement Corp. | 989,206 | 1,356,867 | ||||||
China Steel Corp. | 3,934,248 | 3,395,848 | ||||||
Formosa Chemicals & Fibre Corp. | 1,459,500 | 3,632,820 | ||||||
Formosa Plastics Corp. | 1,917,120 | 4,970,703 | ||||||
Nan Ya Plastics Corp. | 2,076,060 | 4,896,614 | ||||||
Taiwan Cement Corp. | 1,119,690 | 1,779,337 | ||||||
Taiwan Fertilizer Co., Ltd. | 182,000 | 345,240 | ||||||
YFY, Inc. | 932,000 | 425,614 | ||||||
20,803,043 | ||||||||
Real Estate 0.0% | ||||||||
Cathay Real Estate Development Co., Ltd. | 794,000 | 447,597 | ||||||
Retailing 0.2% | ||||||||
Hotai Motor Co., Ltd. | 153,000 | 2,152,406 | ||||||
Semiconductors & Semiconductor Equipment 4.2% | ||||||||
Advanced Semiconductor Engineering, Inc. | 2,458,488 | 3,063,806 | ||||||
Epistar Corp. | 210,000 | 456,667 | ||||||
Inotera Memories, Inc. * | 932,000 | 1,524,725 | ||||||
Macronix International * | 1,422,383 | 368,795 | ||||||
MediaTek, Inc. | 503,469 | 8,413,468 | ||||||
Novatek Microelectronics Corp. | 194,000 | 996,270 | ||||||
Realtek Semiconductor Corp. | 101,000 | 368,311 | ||||||
Siliconware Precision Industries Co. ADR | 280,066 | 2,058,485 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1,633,330 | 34,201,930 | ||||||
United Microelectronics Corp. ADR | 931,750 | 2,068,485 | ||||||
53,520,942 | ||||||||
Technology Hardware & Equipment 3.2% | ||||||||
Acer, Inc. * | 932,086 | 771,788 | ||||||
Advantech Co., Ltd. | 101,500 | 952,502 | ||||||
Asustek Computer, Inc. | 241,426 | 2,528,105 | ||||||
AU Optronics Corp. ADR | 326,200 | 1,611,428 | ||||||
Catcher Technology Co., Ltd. | 244,200 | 2,475,455 | ||||||
Chicony Electronics Co., Ltd. | 149,559 | 490,349 | ||||||
Compal Electronics, Inc. | 1,401,610 | 1,247,313 | ||||||
Foxconn Technology Co., Ltd. | 539,368 | 1,353,360 | ||||||
Hon Hai Precision Industry Co., Ltd. | 4,246,444 | 14,490,801 | ||||||
HTC Corp. * | 256,650 | 1,180,622 | ||||||
Innolux Corp. | 2,750,541 | 1,398,713 | ||||||
Inventec Corp. | 1,427,145 | 1,122,026 | ||||||
Largan Precision Co., Ltd. | 31,000 | 2,566,869 | ||||||
Lite-On Technology Corp. | 942,869 | 1,563,010 | ||||||
Pegatron Corp. | 492,441 | 1,044,504 | ||||||
Quanta Computer, Inc. | 932,000 | 2,631,632 |
48 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Synnex Technology International Corp. | 472,053 | 720,149 | ||||||
TPK Holding Co., Ltd. | 91,996 | 624,787 | ||||||
Unimicron Technology Corp. | 932,000 | 787,307 | ||||||
Wistron Corp. | 1,031,315 | 1,207,609 | ||||||
40,768,329 | ||||||||
Telecommunication Services 0.6% | ||||||||
Chunghwa Telecom Co., Ltd. ADR | 135,140 | 4,219,071 | ||||||
Far EasTone Telecommunications Co., Ltd. | 500,000 | 1,065,556 | ||||||
Taiwan Mobile Co., Ltd. | 577,600 | 1,841,564 | ||||||
7,126,191 | ||||||||
Transportation 0.1% | ||||||||
China Airlines Ltd. * | 1,158,000 | 387,414 | ||||||
Eva Airways Corp. * | 932,000 | 467,707 | ||||||
Evergreen Marine Corp., Ltd. * | 932,199 | 569,165 | ||||||
U-Ming Marine Transport Corp. | 190,000 | 312,742 | ||||||
1,737,028 | ||||||||
170,387,549 | ||||||||
Thailand 3.2% | ||||||||
Banks 0.7% | ||||||||
Bangkok Bank PCL NVDR | 186,400 | 1,196,368 | ||||||
Bank of Ayudhya PCL NVDR | 372,800 | 586,512 | ||||||
Kasikornbank PCL NVDR | 419,400 | 2,954,446 | ||||||
Krung Thai Bank PCL NVDR | 1,968,100 | 1,448,039 | ||||||
The Siam Commercial Bank PCL NVDR | 512,600 | 3,001,133 | ||||||
TMB Bank PCL NVDR | 4,893,000 | 465,708 | ||||||
9,652,206 | ||||||||
Capital Goods 0.0% | ||||||||
Berli Jucker PCL NVDR | 139,800 | 210,094 | ||||||
Energy 0.5% | ||||||||
Banpu PCL NVDR | 466,000 | 470,523 | ||||||
IRPC PCL NVDR | 5,638,600 | 586,104 | ||||||
PTT Exploration & Production PCL NVDR | 533,004 | 2,745,121 | ||||||
PTT PCL NVDR | 294,300 | 2,957,742 | ||||||
6,759,490 | ||||||||
Food & Staples Retailing 0.2% | ||||||||
Big C Supercenter PCL NVDR | 93,200 | 700,313 | ||||||
CP ALL PCL NVDR | 1,724,200 | 2,564,167 | ||||||
3,264,480 | ||||||||
Food, Beverage & Tobacco 0.1% | ||||||||
Charoen Pokphand Foods PCL NVDR | 1,444,600 | 1,334,242 | ||||||
Health Care Equipment & Services 0.1% | ||||||||
Bangkok Dusit Medical Services PCL NVDR | 1,106,000 | 675,235 | ||||||
Materials 0.3% | ||||||||
Indorama Ventures PCL NVDR | 315,500 | 266,703 | ||||||
PTT Global Chemical PCL NVDR | 652,414 | 1,266,427 | ||||||
The Siam Cement PCL NVDR | 139,800 | 1,925,861 | ||||||
3,458,991 | ||||||||
Media 0.1% | ||||||||
BEC World PCL NVDR | 512,600 | 762,320 | ||||||
Real Estate 0.1% | ||||||||
Central Pattana PCL NVDR | 560,400 | 846,565 | ||||||
Land & Houses PCL NVDR | 932,000 | 318,059 | ||||||
1,164,624 | ||||||||
Technology Hardware & Equipment 0.4% | ||||||||
Delta Electronics, Inc. | 671,000 | 4,714,207 | ||||||
Telecommunication Services 0.5% | ||||||||
Advanced Info Service PCL NVDR | 419,400 | 2,744,352 | ||||||
Intouch Holding PCL NVDR | 512,600 | 1,103,358 | ||||||
Total Access Communication PCL NVDR | 226,600 | 773,306 | ||||||
True Corp. PCL NVDR * | 3,492,907 | 1,257,622 | ||||||
5,878,638 | ||||||||
Transportation 0.1% | ||||||||
Airports of Thailand PCL NVDR | 164,800 | 1,222,843 | ||||||
Utilities 0.1% | ||||||||
Electricity Generating PCL NVDR | 93,200 | 497,514 | ||||||
Glow Energy PCL NVDR | 197,100 | 539,958 | ||||||
1,037,472 | ||||||||
40,134,842 | ||||||||
Turkey 1.9% | ||||||||
Banks 0.7% | ||||||||
Akbank T.A.S. | 558,772 | 2,133,637 | ||||||
Turkiye Garanti Bankasi A/S | 686,884 | 2,696,034 | ||||||
Turkiye Halk Bankasi A/S | 182,260 | 1,338,688 | ||||||
Turkiye Is Bankasi, C Shares | 561,996 | 1,453,202 | ||||||
Turkiye Vakiflar Bankasi Tao, D Shares | 398,544 | 919,738 | ||||||
Yapi ve Kredi Bankasi A/S | 362,082 | 807,069 | ||||||
9,348,368 | ||||||||
Capital Goods 0.2% | ||||||||
Enka Insaat ve Sanayi A/S | 114,027 | 285,867 | ||||||
KOC Holding A/S | 308,492 | 1,579,664 | ||||||
1,865,531 | ||||||||
Consumer Durables & Apparel 0.0% | ||||||||
Arcelik A/S | 69,434 | 416,678 | ||||||
Diversified Financials 0.1% | ||||||||
Haci Omer Sabanci Holding A/S | 276,384 | 1,280,771 | ||||||
Energy 0.1% | ||||||||
Tupras-Turkiye Petrol Rafinerileri A/S | 67,426 | 1,587,266 | ||||||
Food & Staples Retailing 0.1% | ||||||||
BIM Birlesik Magazalar A/S | 73,319 | 1,725,992 | ||||||
Food, Beverage & Tobacco 0.2% | ||||||||
Anadolu Efes Biracilik Ve Malt Sanayii A/S * | 101,122 | 1,344,888 | ||||||
Ulker Biskuvi Sanayi A/S | 69,434 | 514,815 | ||||||
1,859,703 | ||||||||
Materials 0.1% | ||||||||
Eregli Demir ve Celik Fabrikalari T.A.S. | 652,070 | 1,269,118 |
See financial notes 49
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Real Estate 0.1% | ||||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi A/S | 794,064 | 1,000,882 | ||||||
Telecommunication Services 0.2% | ||||||||
Turk Telekomunikasyon A/S | 185,934 | 539,376 | ||||||
Turkcell Iletisim Hizmetleri A/S * | 273,542 | 1,603,516 | ||||||
2,142,892 | ||||||||
Transportation 0.1% | ||||||||
Turk Hava Yollari Anonim Ortakligi * | 363,014 | 1,152,319 | ||||||
23,649,520 | ||||||||
United Arab Emirates 0.9% | ||||||||
Banks 0.2% | ||||||||
Dubai Islamic Bank PJSC | 246,048 | 523,171 | ||||||
First Gulf Bank PJSC | 354,030 | 1,759,042 | ||||||
Union National Bank PJSC | 316,557 | 581,740 | ||||||
2,863,953 | ||||||||
Capital Goods 0.1% | ||||||||
Arabtec Holding Co. * | 748,944 | 960,381 | ||||||
Diversified Financials 0.1% | ||||||||
Dubai Financial Market | 965,808 | 894,011 | ||||||
Energy 0.0% | ||||||||
Dana Gas PJSC * | 2,835,610 | 540,403 | ||||||
Real Estate 0.4% | ||||||||
Aldar Properties PJSC | 976,270 | 1,060,513 | ||||||
Emaar Properties PJSC | 1,252,770 | 3,495,975 | ||||||
4,556,488 | ||||||||
Transportation 0.1% | ||||||||
DP World Ltd. | 86,910 | 1,632,170 | ||||||
11,447,406 | ||||||||
Total Common Stock | ||||||||
(Cost $1,097,678,142) | 1,215,693,628 | |||||||
Other Investment Companies 1.1% of net assets | ||||||||
United States 1.1% | ||||||||
Equity Fund 0.1% | ||||||||
Vanguard FTSE Emerging Markets ETF | 30,000 | 1,362,000 | ||||||
Money Market Fund 0.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (e) | 335,698 | 335,698 | ||||||
Securities Lending Collateral 1.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (e) | 12,267,973 | 12,267,973 | ||||||
Total Other Investment Companies | ||||||||
(Cost $13,893,281) | 13,965,671 | |||||||
Preferred Stock 4.2% of net assets | ||||||||
Brazil 4.0% | ||||||||
Banks 1.4% | ||||||||
Banco Bradesco S.A. | 715,145 | 13,052,902 | ||||||
Itausa - Investimentos Itau S.A. | 1,127,720 | 5,493,575 | ||||||
18,546,477 | ||||||||
Energy 1.2% | ||||||||
Petroleo Brasileiro S.A. | 1,491,200 | 15,561,449 | ||||||
Food & Staples Retailing 0.2% | ||||||||
Cia Brasileira de Distribuicao | 46,600 | 2,372,538 | ||||||
Materials 0.5% | ||||||||
Bradespar S.A. | 93,200 | 851,798 | ||||||
Braskem S.A., A Shares | 93,200 | 635,204 | ||||||
Gerdau S.A. | 297,308 | 1,722,022 | ||||||
Klabin S.A. | 932,000 | 941,351 | ||||||
Metalurgica Gerdau S.A. | 93,200 | 660,612 | ||||||
Suzano Papel e Celulose S.A., A Shares | 93,200 | 371,125 | ||||||
Usinas Siderurgicas de Minas Gerais S.A., A Shares * | 186,400 | 673,108 | ||||||
5,855,220 | ||||||||
Retailing 0.1% | ||||||||
Lojas Americanas S.A. | 174,750 | 1,237,085 | ||||||
Telecommunication Services 0.2% | ||||||||
Oi S.A. | 1,317,194 | 853,582 | ||||||
Telefonica Brasil S.A. | 76,716 | 1,640,571 | ||||||
2,494,153 | ||||||||
Utilities 0.4% | ||||||||
AES Tiete S.A. | 46,600 | 419,026 | ||||||
Centrais Eletricas Brasileiras S.A., B Shares | 101,423 | 559,797 | ||||||
Companhia Energetica de Minas Gerais | 283,539 | 2,427,927 | ||||||
Companhia Energetica de Sao Paulo, B Shares | 61,336 | 868,690 | ||||||
Companhia Paranaense de Energia - Copel, B Shares | 46,600 | 825,973 | ||||||
5,101,413 | ||||||||
51,168,335 | ||||||||
Chile 0.0% | ||||||||
Food, Beverage & Tobacco 0.0% | ||||||||
Embotelladora Andina S.A., B Shares | 104,850 | 343,697 | ||||||
Colombia 0.2% | ||||||||
Banks 0.0% | ||||||||
Grupo Aval Acciones y Valores | 619,314 | 463,247 | ||||||
Diversified Financials 0.1% | ||||||||
Grupo de Inversiones Suramericana S.A. | 26,096 | 593,075 |
50 See financial notes
Table of Contents
Schwab Emerging Markets Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Materials 0.1% | ||||||||
Grupo Argos S.A. | 53,590 | 653,656 | ||||||
1,709,978 | ||||||||
Total Preferred Stock | ||||||||
(Cost $45,754,735) | 53,222,010 | |||||||
Warrants 0.0% of net assets | ||||||||
Thailand 0.0% | ||||||||
Materials 0.0% | ||||||||
Indorama Ventures PCL NVDR *(c)(d) | 54,439 | — | ||||||
Total Warrants | ||||||||
(Cost $—) | — | |||||||
Face | ||||||||
Security | Amount | Value | ||||||
Rate, Maturity Date | ($) | ($) | ||||||
Short-Term Investments 0.0% of net assets | ||||||||
U.S. Treasury Obligations 0.0% | ||||||||
U.S. Treasury Bills | ||||||||
0.01%, 09/18/14 (f)(g) | 23,000 | 23,000 | ||||||
0.02%, 09/18/14 (f)(g) | 35,000 | 34,999 | ||||||
Total Short-Term Investments | ||||||||
(Cost $57,999) | 57,999 | |||||||
End of Investments |
At 08/31/14, the tax basis cost of the fund’s investments was $1,166,632,356 and the unrealized appreciation and depreciation were $186,323,546 and ($70,016,594), respectively, with a net unrealized appreciation of $116,306,952.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $11,724,865. | |
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $154,564 or 0.0% of net assets. | |
(c) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(d) | Illiquid security. At the period end, the value of these amounted to $394,180 or 0.0% of net assets. | |
(e) | The rate shown is the 7-day yield. | |
(f) | The rate shown is the purchase yield. | |
(g) | All or a portion of this security is held as collateral for open futures contracts. |
ADR — | American Depositary Receipt | |
ETF — | Exchange Traded Fund | |
GDR — | Global Depositary Receipt | |
NVDR — | Non-Voting Depositary Receipt | |
Reg’d — | Registered |
In addition to the above, the fund held the following at 8/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Depreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
MSCI EAFE, e-mini, Long, expires 09/19/14 | 15 | 814,350 | (1,629 | ) |
See financial notes 51
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .8% | Common Stock | 2,788,904,595 | 3,644,576,745 | ||||||||
0 | .5% | Other Investment Companies | 18,910,547 | 18,910,547 | ||||||||
0 | .0% | Rights | 21,491 | 21,491 | ||||||||
0 | .0% | Short-Term Investments | 174,998 | 174,998 | ||||||||
100 | .3% | Total Investments | 2,808,011,631 | 3,663,683,781 | ||||||||
(0 | .3)% | Other Assets and Liabilities, Net | (9,646,983 | ) | ||||||||
100 | .0% | Net Assets | 3,654,036,798 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 99.8% of net assets | ||||||||
Automobiles & Components 1.3% | ||||||||
American Axle & Manufacturing Holdings, Inc. * | 10,799 | 195,462 | ||||||
Autoliv, Inc. | 15,430 | 1,599,937 | ||||||
BorgWarner, Inc. | 38,974 | 2,423,793 | ||||||
Cooper Tire & Rubber Co. | 9,582 | 295,413 | ||||||
Dana Holding Corp. | 25,483 | 591,970 | ||||||
Delphi Automotive plc | 47,197 | 3,283,967 | ||||||
Dorman Products, Inc. * | 5,996 | 268,801 | ||||||
Drew Industries, Inc. | 3,170 | 140,716 | ||||||
Federal-Mogul Holdings Corp. * | 13,861 | 236,607 | ||||||
Ford Motor Co. | 654,431 | 11,393,644 | ||||||
General Motors Co. | 214,622 | 7,468,846 | ||||||
Gentex Corp. | 23,085 | 682,162 | ||||||
Gentherm, Inc. * | 5,749 | 280,839 | ||||||
Harley-Davidson, Inc. | 36,170 | 2,298,965 | ||||||
Johnson Controls, Inc. | 112,578 | 5,494,932 | ||||||
Lear Corp. | 13,160 | 1,330,871 | ||||||
Standard Motor Products, Inc. | 3,966 | 149,161 | ||||||
Tenneco, Inc. * | 9,494 | 608,376 | ||||||
Tesla Motors, Inc. * | 13,540 | 3,651,738 | ||||||
The Goodyear Tire & Rubber Co. | 45,416 | 1,179,453 | ||||||
Thor Industries, Inc. | 7,495 | 402,556 | ||||||
TRW Automotive Holdings Corp. * | 20,399 | 1,964,220 | ||||||
Visteon Corp. * | 7,989 | 808,407 | ||||||
46,750,836 | ||||||||
Banks 5.8% | ||||||||
Associated Banc-Corp. | 31,799 | 578,106 | ||||||
Astoria Financial Corp. | 13,520 | 176,706 | ||||||
BancFirst Corp. | 3,013 | 191,747 | ||||||
BancorpSouth, Inc. | 15,260 | 323,054 | ||||||
Bank of America Corp. | 1,741,956 | 28,028,072 | ||||||
Bank of Hawaii Corp. | 7,495 | 435,085 | ||||||
Bank of the Ozarks, Inc. | 11,992 | 383,144 | ||||||
BankUnited, Inc. | 17,014 | 536,792 | ||||||
Banner Corp. | 6,852 | 269,832 | ||||||
BB&T Corp. | 120,598 | 4,501,923 | ||||||
BBCN Bancorp, Inc. | 10,805 | 157,753 | ||||||
Beneficial Mutual Bancorp, Inc. * | 13,662 | 187,579 | ||||||
Berkshire Hills Bancorp, Inc. | 3,304 | 81,378 | ||||||
BofI Holding, Inc. * | 2,385 | 183,621 | ||||||
BOK Financial Corp. | 3,592 | 242,029 | ||||||
Boston Private Financial Holdings, Inc. | 12,521 | 152,005 | ||||||
Brookline Bancorp, Inc. | 13,521 | 123,717 | ||||||
Capital Bank Financial Corp., Class A * | 9,310 | 227,816 | ||||||
Capitol Federal Financial, Inc. | 26,095 | 322,273 | ||||||
Cathay General Bancorp | 12,080 | 314,563 | ||||||
Central Pacific Financial Corp. | 6,540 | 114,973 | ||||||
Chemical Financial Corp. | 4,655 | 132,062 | ||||||
CIT Group, Inc. | 34,477 | 1,653,517 | ||||||
Citigroup, Inc. | 504,812 | 26,073,540 | ||||||
City Holding Co. | 2,998 | 128,075 | ||||||
City National Corp. | 7,495 | 568,721 | ||||||
Columbia Banking System, Inc. | 10,493 | 272,923 | ||||||
Comerica, Inc. | 31,673 | 1,594,419 | ||||||
Commerce Bancshares, Inc. | 14,630 | 674,882 | ||||||
Community Bank System, Inc. | 5,996 | 211,899 | ||||||
Community Trust Bancorp, Inc. | 2,029 | 72,070 | ||||||
Cullen/Frost Bankers, Inc. | 9,494 | 746,228 | ||||||
CVB Financial Corp. | 15,204 | 236,270 | ||||||
Eagle Bancorp, Inc. * | 5,012 | 168,052 | ||||||
East West Bancorp, Inc. | 25,483 | 887,828 | ||||||
EverBank Financial Corp. | 16,877 | 318,638 | ||||||
F.N.B. Corp. | 32,707 | 404,259 | ||||||
Fifth Third Bancorp | 144,848 | 2,955,623 | ||||||
First BanCorp * | 24,216 | 126,165 | ||||||
First Citizens BancShares, Inc., Class A | 947 | 217,611 | ||||||
First Commonwealth Financial Corp. | 19,662 | 174,205 | ||||||
First Financial Bancorp | 9,050 | 150,321 | ||||||
First Financial Bankshares, Inc. (a) | 9,382 | 275,737 | ||||||
First Horizon National Corp. | 40,749 | 495,508 | ||||||
First Interstate BancSystem, Inc. | 6,340 | 168,137 | ||||||
First Merchants Corp. | 8,020 | 163,688 | ||||||
First Midwest Bancorp, Inc. | 14,990 | 252,582 | ||||||
First Niagara Financial Group, Inc. | 57,406 | 499,432 | ||||||
First Republic Bank | 20,117 | 983,721 | ||||||
FirstMerit Corp. | 26,262 | 452,626 | ||||||
Flagstar Bancorp, Inc. * | 13,913 | 242,504 | ||||||
Fulton Financial Corp. | 36,296 | 418,674 | ||||||
Glacier Bancorp, Inc. | 11,128 | 302,904 | ||||||
Hancock Holding Co. | 13,491 | 448,441 | ||||||
Hanmi Financial Corp. | 6,852 | 140,809 | ||||||
Home BancShares, Inc. | 11,992 | 356,762 | ||||||
Home Loan Servicing Solutions Ltd. | 14,167 | 310,257 | ||||||
Hudson City Bancorp, Inc. | 79,447 | 784,142 | ||||||
Huntington Bancshares, Inc. | 140,906 | 1,387,220 | ||||||
Iberiabank Corp. | 6,501 | 424,190 |
See financial notes 1
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Independent Bank Corp. | 3,270 | 120,369 | ||||||
International Bancshares Corp. | 9,150 | 241,194 | ||||||
Investors Bancorp, Inc. | 56,602 | 600,547 | ||||||
JPMorgan Chase & Co. | 627,750 | 37,319,737 | ||||||
Kearny Financial Corp. * | 3,011 | 47,122 | ||||||
KeyCorp | 160,841 | 2,189,046 | ||||||
M&T Bank Corp. | 21,519 | 2,660,394 | ||||||
MB Financial, Inc. | 9,035 | 255,600 | ||||||
MGIC Investment Corp. * | 56,634 | 477,425 | ||||||
National Bank Holdings Corp., Class A | 11,346 | 230,551 | ||||||
National Penn Bancshares, Inc. | 20,065 | 200,650 | ||||||
Nationstar Mortgage Holdings, Inc. *(a) | 4,655 | 162,925 | ||||||
NBT Bancorp, Inc. | 10,765 | 258,468 | ||||||
New York Community Bancorp, Inc. | 72,258 | 1,152,515 | ||||||
Northfield Bancorp, Inc. | 9,285 | 121,726 | ||||||
Northwest Bancshares, Inc. | 22,485 | 283,536 | ||||||
Ocwen Financial Corp. * | 20,986 | 586,349 | ||||||
OFG Bancorp | 15,870 | 252,333 | ||||||
Old National Bancorp | 16,577 | 216,993 | ||||||
Oritani Financial Corp. | 10,493 | 157,395 | ||||||
PacWest Bancorp | 20,213 | 847,733 | ||||||
Park National Corp. | 1,773 | 138,010 | ||||||
People’s United Financial, Inc. | 56,962 | 851,582 | ||||||
Pinnacle Financial Partners, Inc. | 4,955 | 177,686 | ||||||
Popular, Inc. * | 16,499 | 510,809 | ||||||
PrivateBancorp, Inc. | 13,491 | 398,119 | ||||||
Prosperity Bancshares, Inc. | 9,315 | 562,626 | ||||||
Provident Financial Services, Inc. | 11,992 | 203,984 | ||||||
Radian Group, Inc. | 35,986 | 523,956 | ||||||
Regions Financial Corp. | 246,422 | 2,501,183 | ||||||
Renasant Corp. | 3,504 | 101,371 | ||||||
S&T Bancorp, Inc. | 4,556 | 113,627 | ||||||
Sandy Spring Bancorp, Inc. | 3,404 | 82,275 | ||||||
Signature Bank * | 8,395 | 994,472 | ||||||
South State Corp. | 4,094 | 239,745 | ||||||
State Bank Financial Corp. | 4,756 | 79,711 | ||||||
Sterling Bancorp | 13,116 | 166,180 | ||||||
SunTrust Banks, Inc. | 93,846 | 3,573,656 | ||||||
Susquehanna Bancshares, Inc. | 30,130 | 310,942 | ||||||
SVB Financial Group * | 8,395 | 934,531 | ||||||
Synovus Financial Corp. | 22,986 | 555,112 | ||||||
TCF Financial Corp. | 30,228 | 477,602 | ||||||
Texas Capital Bancshares, Inc. * | 6,244 | 337,051 | ||||||
TFS Financial Corp. * | 20,986 | 303,038 | ||||||
The PNC Financial Services Group, Inc. | 89,095 | 7,550,801 | ||||||
TrustCo Bank Corp. | 15,120 | 106,142 | ||||||
Trustmark Corp. | 11,992 | 284,630 | ||||||
U.S. Bancorp | 301,847 | 12,762,091 | ||||||
UMB Financial Corp. | 5,996 | 346,269 | ||||||
Umpqua Holdings Corp. | 34,021 | 594,347 | ||||||
Union Bankshares Corp. | 7,750 | 183,133 | ||||||
United Bankshares, Inc. | 10,876 | 358,364 | ||||||
United Community Banks, Inc. | 7,815 | 132,542 | ||||||
Valley National Bancorp | 39,131 | 391,310 | ||||||
ViewPoint Financial Group, Inc. | 6,140 | 159,947 | ||||||
Washington Federal, Inc. | 17,988 | 391,239 | ||||||
Webster Financial Corp. | 15,329 | 452,206 | ||||||
Wells Fargo & Co. | 793,453 | 40,815,222 | ||||||
WesBanco, Inc. | 3,604 | 111,904 | ||||||
Westamerica Bancorp | 4,497 | 217,520 | ||||||
Western Alliance Bancorp * | 15,104 | 356,605 | ||||||
Wintrust Financial Corp. | 7,495 | 349,042 | ||||||
Zions Bancorp | 35,145 | 1,024,125 | ||||||
212,514,125 | ||||||||
Capital Goods 7.9% | ||||||||
3M Co. | 103,771 | 14,943,024 | ||||||
A.O. Smith Corp. | 11,992 | 588,567 | ||||||
AAON, Inc. | 7,417 | 138,401 | ||||||
AAR Corp. | 5,996 | 166,089 | ||||||
Actuant Corp., Class A | 13,491 | 455,051 | ||||||
Acuity Brands, Inc. | 7,495 | 928,481 | ||||||
AECOM Technology Corp. * | 18,241 | 690,239 | ||||||
Aegion Corp. * | 6,216 | 153,287 | ||||||
AGCO Corp. | 15,390 | 751,648 | ||||||
Air Lease Corp. | 14,600 | 553,340 | ||||||
Aircastle Ltd. | 13,491 | 257,948 | ||||||
Albany International Corp., Class A | 4,795 | 180,148 | ||||||
Allegion plc | 15,522 | 798,296 | ||||||
Alliant Techsystems, Inc. | 4,897 | 617,022 | ||||||
Allison Transmission Holdings, Inc. | 27,658 | 848,547 | ||||||
Altra Industrial Motion Corp. | 3,604 | 119,869 | ||||||
American Railcar Industries, Inc. (a) | 1,852 | 147,604 | ||||||
AMETEK, Inc. | 40,473 | 2,142,641 | ||||||
Apogee Enterprises, Inc. | 4,556 | 166,340 | ||||||
Applied Industrial Technologies, Inc. | 7,495 | 365,081 | ||||||
Armstrong World Industries, Inc. * | 7,662 | 441,944 | ||||||
Astec Industries, Inc. | 3,134 | 130,186 | ||||||
Astronics Corp. * | 2,377 | 149,133 | ||||||
AZZ, Inc. | 3,370 | 156,166 | ||||||
B/E Aerospace, Inc. * | 16,024 | 1,357,874 | ||||||
Barnes Group, Inc. | 7,679 | 262,929 | ||||||
Beacon Roofing Supply, Inc. * | 7,495 | 213,757 | ||||||
Blount International, Inc. * | 7,495 | 119,770 | ||||||
Briggs & Stratton Corp. | 7,736 | 155,803 | ||||||
Builders FirstSource, Inc. * | 15,220 | 105,018 | ||||||
Carlisle Cos., Inc. | 10,493 | 869,870 | ||||||
Caterpillar, Inc. | 103,143 | 11,249,807 | ||||||
Chart Industries, Inc. * | 4,518 | 302,209 | ||||||
Chicago Bridge & Iron Co. N.V. | 17,093 | 1,084,038 | ||||||
CIRCOR International, Inc. | 2,998 | 213,428 | ||||||
CLARCOR, Inc. | 8,994 | 568,511 | ||||||
Colfax Corp. * | 15,857 | 1,008,664 | ||||||
Comfort Systems USA, Inc. | 6,308 | 95,882 | ||||||
Crane Co. | 8,994 | 625,892 | ||||||
Cubic Corp. | 3,769 | 168,248 | ||||||
Cummins, Inc. | 28,840 | 4,184,972 | ||||||
Curtiss-Wright Corp. | 7,495 | 538,441 | ||||||
Danaher Corp. | 99,354 | 7,611,510 | ||||||
Deere & Co. | 60,940 | 5,124,445 | ||||||
DigitalGlobe, Inc. * | 11,142 | 338,383 | ||||||
Donaldson Co., Inc. | 23,984 | 1,003,970 | ||||||
Dover Corp. | 27,710 | 2,434,878 | ||||||
DXP Enterprises, Inc. * | 1,552 | 124,346 | ||||||
Dycom Industries, Inc. * | 4,978 | 155,363 | ||||||
Eaton Corp. plc | 77,985 | 5,444,133 | ||||||
EMCOR Group, Inc. | 10,493 | 453,298 |
2 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Emerson Electric Co. | 116,398 | 7,451,800 | ||||||
Encore Wire Corp. | 3,469 | 147,259 | ||||||
EnerSys | 7,689 | 494,326 | ||||||
EnPro Industries, Inc. * | 3,150 | 213,885 | ||||||
ESCO Technologies, Inc. | 5,996 | 215,856 | ||||||
Esterline Technologies Corp. * | 5,996 | 702,911 | ||||||
Exelis, Inc. | 29,980 | 515,356 | ||||||
Fastenal Co. | 43,912 | 1,988,335 | ||||||
Federal Signal Corp. | 10,539 | 155,134 | ||||||
Flowserve Corp. | 24,067 | 1,826,445 | ||||||
Fluor Corp. | 27,343 | 2,020,374 | ||||||
Fortune Brands Home & Security, Inc. | 25,983 | 1,122,725 | ||||||
Foster Wheeler AG | 17,191 | 561,114 | ||||||
Franklin Electric Co., Inc. | 6,090 | 231,176 | ||||||
GATX Corp. | 8,994 | 596,032 | ||||||
GenCorp, Inc. * | 9,312 | 171,620 | ||||||
Generac Holdings, Inc. * | 10,787 | 501,811 | ||||||
General Cable Corp. | 7,620 | 163,601 | ||||||
General Dynamics Corp. | 54,223 | 6,682,985 | ||||||
General Electric Co. | 1,657,205 | 43,054,186 | ||||||
Graco, Inc. | 10,493 | 806,492 | ||||||
GrafTech International Ltd. * | 27,722 | 242,013 | ||||||
Granite Construction, Inc. | 5,138 | 181,217 | ||||||
Great Lakes Dredge & Dock Corp. * | 9,412 | 71,719 | ||||||
Griffon Corp. | 7,560 | 94,273 | ||||||
H&E Equipment Services, Inc. | 6,094 | 249,306 | ||||||
Harsco Corp. | 13,491 | 326,482 | ||||||
HD Supply Holdings, Inc. * | 15,992 | 444,098 | ||||||
HEICO Corp. | 9,836 | 509,603 | ||||||
Hexcel Corp. * | 15,446 | 636,221 | ||||||
Hillenbrand, Inc. | 11,992 | 401,012 | ||||||
Honeywell International, Inc. | 129,738 | 12,354,950 | ||||||
Hubbell, Inc., Class B | 8,994 | 1,087,375 | ||||||
Huntington Ingalls Industries, Inc. | 8,994 | 918,377 | ||||||
Hyster-Yale Materials Handling, Inc. | 2,157 | 166,283 | ||||||
IDEX Corp. | 13,491 | 1,037,998 | ||||||
Illinois Tool Works, Inc. | 64,472 | 5,687,075 | ||||||
Ingersoll-Rand plc | 42,649 | 2,567,470 | ||||||
ITT Corp. | 14,990 | 717,421 | ||||||
Jacobs Engineering Group, Inc. * | 20,986 | 1,131,355 | ||||||
John Bean Technologies Corp. | 4,556 | 132,352 | ||||||
Joy Global, Inc. | 18,041 | 1,139,289 | ||||||
Kaman Corp. | 4,497 | 182,848 | ||||||
KBR, Inc. | 24,078 | 530,198 | ||||||
Kennametal, Inc. | 13,491 | 604,532 | ||||||
L-3 Communications Holdings, Inc. | 14,519 | 1,596,364 | ||||||
Lennox International, Inc. | 8,994 | 753,337 | ||||||
Lincoln Electric Holdings, Inc. | 14,990 | 1,065,789 | ||||||
Lindsay Corp. (a) | 1,720 | 133,782 | ||||||
Lockheed Martin Corp. | 44,696 | 7,777,104 | ||||||
Masco Corp. | 62,958 | 1,477,624 | ||||||
Masonite International Corp. * | 2,577 | 147,353 | ||||||
MasTec, Inc. * | 9,573 | 291,977 | ||||||
Meritor, Inc. * | 17,013 | 231,887 | ||||||
Moog, Inc., Class A * | 8,994 | 637,675 | ||||||
MRC Global, Inc. * | 16,649 | 413,228 | ||||||
MSC Industrial Direct Co., Inc., Class A | 7,495 | 675,599 | ||||||
Mueller Industries, Inc. | 12,162 | 355,617 | ||||||
Mueller Water Products, Inc., Class A | 25,484 | 235,217 | ||||||
National Presto Industries, Inc. (a) | 500 | 32,745 | ||||||
Navistar International Corp. * | 12,519 | 472,091 | ||||||
Nordson Corp. | 8,994 | 729,054 | ||||||
Nortek, Inc. * | 1,952 | 162,641 | ||||||
Northrop Grumman Corp. | 35,692 | 4,540,736 | ||||||
NOW, Inc. * | 17,555 | 579,842 | ||||||
Orbital Sciences Corp. * | 8,994 | 240,769 | ||||||
Oshkosh Corp. | 14,990 | 744,703 | ||||||
Owens Corning | 18,263 | 657,468 | ||||||
PACCAR, Inc. | 59,960 | 3,766,088 | ||||||
Pall Corp. | 19,487 | 1,644,118 | ||||||
Parker-Hannifin Corp. | 25,483 | 2,943,286 | ||||||
Pentair plc | 32,013 | 2,179,125 | ||||||
Polypore International, Inc. * | 7,548 | 338,377 | ||||||
Powell Industries, Inc. | 1,652 | 87,044 | ||||||
Precision Castparts Corp. | 23,984 | 5,853,535 | ||||||
Primoris Services Corp. | 7,893 | 229,213 | ||||||
Proto Labs, Inc. * | 3,291 | 247,615 | ||||||
Quanex Building Products Corp. | 6,040 | 109,082 | ||||||
Quanta Services, Inc. * | 34,730 | 1,262,088 | ||||||
Raven Industries, Inc. | 5,996 | 159,853 | ||||||
Raytheon Co. | 51,828 | 4,993,110 | ||||||
RBC Bearings, Inc. | 4,497 | 278,005 | ||||||
Regal-Beloit Corp. | 7,495 | 532,670 | ||||||
Rexnord Corp. * | 12,392 | 361,970 | ||||||
Rockwell Automation, Inc. | 23,984 | 2,796,774 | ||||||
Rockwell Collins, Inc. | 22,879 | 1,761,225 | ||||||
Roper Industries, Inc. | 16,489 | 2,482,584 | ||||||
Rush Enterprises, Inc., Class A * | 4,886 | 179,170 | ||||||
Sensata Technologies Holding N.V. * | 27,723 | 1,363,140 | ||||||
Simpson Manufacturing Co., Inc. | 6,530 | 211,050 | ||||||
Snap-on, Inc. | 9,294 | 1,161,285 | ||||||
SolarCity Corp. * | 8,896 | 610,977 | ||||||
Spirit AeroSystems Holdings, Inc., Class A * | 18,475 | 708,516 | ||||||
SPX Corp. | 6,930 | 721,067 | ||||||
Standex International Corp. | 1,499 | 111,870 | ||||||
Stanley Black & Decker, Inc. | 25,711 | 2,352,557 | ||||||
Sun Hydraulics Corp. | 3,469 | 138,864 | ||||||
TAL International Group, Inc. * | 4,509 | 199,298 | ||||||
Taser International, Inc. * | 8,385 | 131,393 | ||||||
Teledyne Technologies, Inc. * | 6,043 | 586,594 | ||||||
Tennant Co. | 4,497 | 313,396 | ||||||
Terex Corp. | 19,487 | 729,009 | ||||||
Textainer Group Holdings Ltd. (a) | 6,121 | 215,949 | ||||||
Textron, Inc. | 46,469 | 1,765,822 | ||||||
The Babcock & Wilcox Co. | 19,487 | 566,097 | ||||||
The Boeing Co. | 110,926 | 14,065,417 | ||||||
The Gorman-Rupp Co. | 2,501 | 77,606 | ||||||
The Greenbrier Cos., Inc. | 3,504 | 250,606 | ||||||
The Manitowoc Co., Inc. | 25,483 | 749,710 | ||||||
The Middleby Corp. * | 9,093 | 784,089 | ||||||
The Timken Co. | 13,491 | 611,007 | ||||||
The Toro Co. | 9,288 | 571,491 | ||||||
Thermon Group Holdings, Inc. * | 3,004 | 81,559 | ||||||
Titan International, Inc. | 9,098 | 131,921 | ||||||
TransDigm Group, Inc. | 8,024 | 1,508,432 | ||||||
Trex Co., Inc. * | 3,704 | 139,270 | ||||||
TriMas Corp. * | 6,615 | 209,696 |
See financial notes 3
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Trinity Industries, Inc. | 26,982 | 1,305,389 | ||||||
Triumph Group, Inc. | 7,797 | 540,878 | ||||||
Tutor Perini Corp. * | 6,604 | 197,328 | ||||||
United Rentals, Inc. * | 16,927 | 1,991,462 | ||||||
United Technologies Corp. | 139,731 | 15,088,153 | ||||||
Universal Forest Products, Inc. | 3,070 | 145,365 | ||||||
URS Corp. | 13,491 | 817,285 | ||||||
USG Corp. * | 13,967 | 404,624 | ||||||
Valmont Industries, Inc. (a) | 4,145 | 583,409 | ||||||
Veritiv Corp. *(a) | 1,366 | 60,814 | ||||||
W.W. Grainger, Inc. | 9,867 | 2,429,255 | ||||||
Wabash National Corp. * | 10,764 | 152,203 | ||||||
WABCO Holdings, Inc. * | 10,493 | 1,082,878 | ||||||
Wabtec Corp. | 15,190 | 1,266,238 | ||||||
Watsco, Inc. | 4,497 | 415,928 | ||||||
Watts Water Technologies, Inc., Class A | 4,591 | 290,564 | ||||||
WESCO International, Inc. * | 7,495 | 629,505 | ||||||
Woodward, Inc. | 8,994 | 469,757 | ||||||
Xylem, Inc. | 29,980 | 1,117,055 | ||||||
288,954,693 | ||||||||
Commercial & Professional Services 1.1% | ||||||||
ABM Industries, Inc. | 6,552 | 174,283 | ||||||
ACCO Brands Corp. * | 19,196 | 148,385 | ||||||
Brady Corp., Class A | 7,495 | 199,517 | ||||||
Cintas Corp. | 19,487 | 1,288,870 | ||||||
Civeo Corp. | 17,988 | 457,075 | ||||||
Clean Harbors, Inc. * | 8,994 | 544,497 | ||||||
Copart, Inc. * | 18,428 | 634,476 | ||||||
Covanta Holding Corp. | 22,485 | 471,960 | ||||||
Deluxe Corp. | 8,994 | 535,593 | ||||||
Equifax, Inc. | 20,986 | 1,652,857 | ||||||
Exponent, Inc. | 1,785 | 130,412 | ||||||
FTI Consulting, Inc. * | 6,468 | 239,963 | ||||||
G&K Services, Inc., Class A | 4,497 | 251,337 | ||||||
Healthcare Services Group, Inc. | 11,992 | 327,741 | ||||||
Herman Miller, Inc. | 9,250 | 274,910 | ||||||
HNI Corp. | 8,994 | 340,963 | ||||||
Huron Consulting Group, Inc. * | 4,398 | 265,991 | ||||||
ICF International, Inc. * | 3,204 | 108,231 | ||||||
IHS, Inc., Class A * | 9,813 | 1,398,058 | ||||||
Insperity, Inc. | 4,506 | 132,972 | ||||||
Interface, Inc. | 9,229 | 157,170 | ||||||
Iron Mountain, Inc. | 27,451 | 987,687 | ||||||
KAR Auction Services, Inc. | 23,463 | 707,644 | ||||||
Kelly Services, Inc., Class A | 4,956 | 82,815 | ||||||
Kforce, Inc. | 6,108 | 122,588 | ||||||
Kimball International, Inc., Class B | 6,008 | 95,407 | ||||||
Knoll, Inc. | 7,672 | 140,321 | ||||||
Korn/Ferry International * | 7,565 | 228,841 | ||||||
Manpowergroup, Inc. | 13,491 | 1,046,632 | ||||||
McGrath RentCorp | 3,400 | 125,800 | ||||||
Mistras Group, Inc. * | 3,204 | 68,758 | ||||||
Mobile Mini, Inc. | 5,996 | 234,863 | ||||||
MSA Safety, Inc. | 4,812 | 266,392 | ||||||
Navigant Consulting, Inc. * | 9,046 | 147,359 | ||||||
Nielsen N.V. (a) | 48,749 | 2,290,716 | ||||||
On Assignment, Inc. * | 8,620 | 254,807 | ||||||
Performant Financial Corp. * | 6,308 | 60,683 | ||||||
Pitney Bowes, Inc. | 34,477 | 932,948 | ||||||
Quad/Graphics, Inc. | 8,340 | 186,899 | ||||||
R.R. Donnelley & Sons Co. | 29,395 | 519,410 | ||||||
Republic Services, Inc. | 46,510 | 1,829,238 | ||||||
Robert Half International, Inc. | 25,483 | 1,279,501 | ||||||
Rollins, Inc. | 12,148 | 361,403 | ||||||
RPX Corp. * | 6,540 | 99,343 | ||||||
Steelcase, Inc., Class A | 12,438 | 195,277 | ||||||
Stericycle, Inc. * | 14,990 | 1,781,562 | ||||||
Team, Inc. * | 4,497 | 179,475 | ||||||
Tetra Tech, Inc. | 9,594 | 244,647 | ||||||
The ADT Corp. | 31,044 | 1,144,282 | ||||||
The Advisory Board Co. * | 5,996 | 297,402 | ||||||
The Brink’s Co. | 8,994 | 246,256 | ||||||
The Corporate Executive Board Co. | 4,887 | 322,151 | ||||||
The Dun & Bradstreet Corp. | 6,590 | 773,534 | ||||||
Towers Watson & Co., Class A | 10,655 | 1,168,108 | ||||||
TrueBlue, Inc. * | 8,994 | 244,097 | ||||||
Tyco International Ltd. | 76,449 | 3,411,154 | ||||||
UniFirst Corp. | 2,998 | 290,656 | ||||||
United Stationers, Inc. | 8,994 | 365,606 | ||||||
US Ecology, Inc. | 4,160 | 177,798 | ||||||
Verisk Analytics, Inc., Class A * | 23,984 | 1,539,533 | ||||||
Viad Corp. | 3,204 | 70,296 | ||||||
WageWorks, Inc. * | 4,987 | 205,764 | ||||||
Waste Connections, Inc. | 19,917 | 977,128 | ||||||
Waste Management, Inc. | 71,952 | 3,379,585 | ||||||
West Corp. | 3,473 | 103,009 | ||||||
38,922,636 | ||||||||
Consumer Durables & Apparel 1.5% | ||||||||
Arctic Cat, Inc. | 2,998 | 110,986 | ||||||
Beazer Homes USA, Inc. * | 8,160 | 153,816 | ||||||
Brunswick Corp. | 14,990 | 644,570 | ||||||
Callaway Golf Co. | 9,052 | 68,886 | ||||||
Carter’s, Inc. | 9,608 | 795,350 | ||||||
Cavco Industries, Inc. * | 1,643 | 117,359 | ||||||
Coach, Inc. | 45,740 | 1,684,604 | ||||||
Columbia Sportswear Co. | 2,998 | 228,328 | ||||||
Crocs, Inc. * | 16,540 | 255,543 | ||||||
D.R. Horton, Inc. | 53,022 | 1,149,517 | ||||||
Deckers Outdoor Corp. * | 5,197 | 479,371 | ||||||
Ethan Allen Interiors, Inc. | 3,570 | 90,071 | ||||||
Fossil Group, Inc. * | 8,994 | 911,002 | ||||||
G-III Apparel Group Ltd. * | 1,952 | 161,118 | ||||||
Garmin Ltd. | 19,487 | 1,058,729 | ||||||
Hanesbrands, Inc. | 16,489 | 1,693,091 | ||||||
Harman International Industries, Inc. | 11,992 | 1,380,039 | ||||||
Hasbro, Inc. | 19,487 | 1,026,088 | ||||||
Helen of Troy Ltd. * | 6,110 | 355,724 | ||||||
Hovnanian Enterprises, Inc., Class A *(a) | 15,420 | 64,764 | ||||||
Iconix Brand Group, Inc. * | 9,236 | 384,495 | ||||||
iRobot Corp. *(a) | 3,609 | 117,040 | ||||||
Jarden Corp. * | 18,672 | 1,116,399 | ||||||
Kate Spade & Co. * | 18,229 | 589,526 | ||||||
KB Home | 12,286 | 218,077 | ||||||
La-Z-Boy, Inc. | 9,528 | 203,328 | ||||||
LeapFrog Enterprises, Inc. * | 8,079 | 52,352 | ||||||
Leggett & Platt, Inc. | 22,826 | 800,964 |
4 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Lennar Corp., Class A | 26,083 | 1,021,932 | ||||||
Libbey, Inc. * | 4,929 | 136,040 | ||||||
Lululemon Athletica, Inc. * | 15,651 | 624,944 | ||||||
M.D.C Holdings, Inc. | 7,495 | 217,430 | ||||||
Mattel, Inc. | 59,125 | 2,039,221 | ||||||
Meritage Homes Corp. * | 4,806 | 198,344 | ||||||
Michael Kors Holdings Ltd. * | 28,873 | 2,313,305 | ||||||
Mohawk Industries, Inc. * | 10,657 | 1,556,135 | ||||||
Movado Group, Inc. | 3,270 | 121,415 | ||||||
NACCO Industries, Inc., Class A | 1,499 | 77,948 | ||||||
Newell Rubbermaid, Inc. | 47,968 | 1,607,887 | ||||||
NIKE, Inc., Class B | 122,451 | 9,618,526 | ||||||
NVR, Inc. * | 648 | 760,227 | ||||||
Oxford Industries, Inc. | 3,000 | 183,990 | ||||||
Polaris Industries, Inc. | 10,607 | 1,542,046 | ||||||
PulteGroup, Inc. | 56,962 | 1,094,810 | ||||||
PVH Corp. | 13,874 | 1,619,651 | ||||||
Ralph Lauren Corp. | 10,493 | 1,775,416 | ||||||
Skechers U.S.A., Inc., Class A * | 6,240 | 364,229 | ||||||
Smith & Wesson Holding Corp. *(a) | 7,495 | 82,970 | ||||||
Standard Pacific Corp. * | 27,019 | 226,149 | ||||||
Steven Madden Ltd. * | 11,056 | 375,793 | ||||||
Sturm Ruger & Co., Inc. (a) | 3,051 | 153,801 | ||||||
Taylor Morrison Home Corp., Class A * | 5,287 | 104,894 | ||||||
Tempur Sealy International, Inc. * | 10,493 | 614,050 | ||||||
The Ryland Group, Inc. | 6,466 | 239,889 | ||||||
Toll Brothers, Inc. * | 25,483 | 906,940 | ||||||
TRI Pointe Homes, Inc. * | 20,364 | 301,387 | ||||||
Tumi Holdings, Inc. * | 10,571 | 237,636 | ||||||
Tupperware Brands Corp. | 8,223 | 602,417 | ||||||
Under Armour, Inc., Class A * | 26,548 | 1,814,821 | ||||||
Universal Electronics, Inc. * | 1,842 | 100,702 | ||||||
Vera Bradley, Inc. * | 3,866 | 79,330 | ||||||
VF Corp. | 58,216 | 3,732,810 | ||||||
Whirlpool Corp. | 12,392 | 1,896,224 | ||||||
Wolverine World Wide, Inc. | 17,988 | 477,761 | ||||||
54,732,207 | ||||||||
Consumer Services 2.1% | ||||||||
American Public Education, Inc. * | 3,000 | 91,080 | ||||||
Apollo Education Group, Inc. * | 16,164 | 448,874 | ||||||
Aramark | 6,160 | 159,544 | ||||||
Ascent Capital Group, Inc., Class A * | 1,885 | 117,643 | ||||||
Bally Technologies, Inc. * | 6,390 | 506,663 | ||||||
Belmond Ltd., Class A * | 14,990 | 191,572 | ||||||
Bloomin’ Brands, Inc. * | 12,344 | 205,404 | ||||||
Bob Evans Farms, Inc. | 4,632 | 201,121 | ||||||
Boyd Gaming Corp. * | 8,242 | 87,777 | ||||||
Bright Horizons Family Solutions, Inc. * | 6,716 | 273,140 | ||||||
Brinker International, Inc. | 12,487 | 610,614 | ||||||
Buffalo Wild Wings, Inc. * | 3,012 | 445,023 | ||||||
Burger King Worldwide, Inc. | 10,062 | 322,386 | ||||||
Caesars Entertainment Corp. *(a) | 9,699 | 130,355 | ||||||
Capella Education Co. | 1,883 | 122,602 | ||||||
Carnival Corp. | 73,540 | 2,785,695 | ||||||
Chipotle Mexican Grill, Inc. * | 5,033 | 3,415,645 | ||||||
Choice Hotels International, Inc. | 7,115 | 385,348 | ||||||
Churchill Downs, Inc. | 1,836 | 172,896 | ||||||
Cracker Barrel Old Country Store, Inc. | 4,497 | 451,544 | ||||||
Darden Restaurants, Inc. | 22,485 | 1,063,990 | ||||||
Denny’s Corp. * | 15,220 | 103,953 | ||||||
DeVry Education Group, Inc. | 9,574 | 411,012 | ||||||
DineEquity, Inc. | 3,533 | 293,946 | ||||||
Domino’s Pizza, Inc. | 9,144 | 689,915 | ||||||
Dunkin’ Brands Group, Inc. | 17,190 | 748,453 | ||||||
Extended Stay America, Inc. | 9,024 | 215,313 | ||||||
Fiesta Restaurant Group, Inc. * | 3,640 | 178,688 | ||||||
Graham Holdings Co., Class B | 612 | 439,906 | ||||||
Grand Canyon Education, Inc. * | 7,699 | 332,905 | ||||||
H&R Block, Inc. | 48,138 | 1,614,067 | ||||||
Hilton Worldwide Holdings, Inc. * | 50,306 | 1,273,748 | ||||||
Hyatt Hotels Corp., Class A * | 9,100 | 555,919 | ||||||
International Game Technology | 43,706 | 736,883 | ||||||
International Speedway Corp., Class A | 4,639 | 155,360 | ||||||
Interval Leisure Group, Inc. | 7,688 | 166,215 | ||||||
ITT Educational Services, Inc. *(a) | 4,902 | 41,324 | ||||||
Jack in the Box, Inc. | 6,552 | 389,516 | ||||||
K12, Inc. * | 5,996 | 112,905 | ||||||
Krispy Kreme Doughnuts, Inc. * | 10,664 | 181,395 | ||||||
Las Vegas Sands Corp. | 63,531 | 4,225,447 | ||||||
Life Time Fitness, Inc. * | 6,241 | 287,710 | ||||||
LifeLock, Inc. * | 15,160 | 224,671 | ||||||
Marriott International, Inc., Class A | 36,748 | 2,550,311 | ||||||
Marriott Vacations Worldwide Corp. * | 4,699 | 280,013 | ||||||
Matthews International Corp., Class A | 5,996 | 276,715 | ||||||
McDonald’s Corp. | 163,666 | 15,338,778 | ||||||
MGM Resorts International * | 60,418 | 1,478,428 | ||||||
Multimedia Games Holding Co., Inc. * | 6,812 | 189,442 | ||||||
Norwegian Cruise Line Holdings Ltd. * | 15,873 | 528,730 | ||||||
Panera Bread Co., Class A * | 4,611 | 691,373 | ||||||
Papa John’s International, Inc. | 6,252 | 247,579 | ||||||
Penn National Gaming, Inc. * | 10,693 | 120,724 | ||||||
Pinnacle Entertainment, Inc. * | 9,593 | 239,729 | ||||||
Popeyes Louisiana Kitchen, Inc. * | 4,497 | 180,330 | ||||||
Red Robin Gourmet Burgers, Inc. * | 3,906 | 207,409 | ||||||
Regis Corp. | 9,250 | 139,767 | ||||||
Royal Caribbean Cruises Ltd. | 26,455 | 1,686,771 | ||||||
SeaWorld Entertainment, Inc. | 13,520 | 281,081 | ||||||
Service Corp. International | 34,912 | 773,999 | ||||||
Six Flags Entertainment Corp. | 17,994 | 656,421 | ||||||
Sonic Corp. * | 10,493 | 221,507 | ||||||
Sotheby’s | 10,589 | 432,137 | ||||||
Starbucks Corp. | 124,884 | 9,717,224 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 31,879 | 2,695,051 | ||||||
Texas Roadhouse, Inc. | 10,493 | 279,009 | ||||||
The Cheesecake Factory, Inc. | 7,937 | 356,768 | ||||||
The Wendy’s Co. | 61,459 | 500,891 | ||||||
Vail Resorts, Inc. | 5,996 | 476,622 | ||||||
Wyndham Worldwide Corp. | 22,879 | 1,851,826 | ||||||
Wynn Resorts Ltd. | 13,491 | 2,602,144 | ||||||
Yum! Brands, Inc. | 74,997 | 5,432,033 | ||||||
76,000,979 |
See financial notes 5
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Diversified Financials 4.6% | ||||||||
Actua Corp. * | 6,808 | 118,119 | ||||||
Affiliated Managers Group, Inc. * | 8,994 | 1,899,083 | ||||||
Ally Financial, Inc. * | 12,480 | 307,008 | ||||||
American Express Co. | 151,021 | 13,523,931 | ||||||
Ameriprise Financial, Inc. | 31,548 | 3,967,476 | ||||||
Artisan Partners Asset Management, Inc., Class A | 5,460 | 302,921 | ||||||
Berkshire Hathaway, Inc., Class B * | 297,282 | 40,801,954 | ||||||
BGC Partners, Inc., Class A | 20,005 | 151,438 | ||||||
BlackRock, Inc. | 20,632 | 6,819,495 | ||||||
Capital One Financial Corp. | 95,936 | 7,872,508 | ||||||
Cash America International, Inc. | 4,640 | 207,130 | ||||||
CBOE Holdings, Inc. | 16,531 | 876,556 | ||||||
CME Group, Inc. | 52,545 | 4,022,320 | ||||||
Cohen & Steers, Inc. (a) | 4,497 | 196,249 | ||||||
Credit Acceptance Corp. * | 1,499 | 184,737 | ||||||
Discover Financial Services | 77,023 | 4,803,924 | ||||||
E*TRADE Financial Corp. * | 46,917 | 1,044,372 | ||||||
Eaton Vance Corp. | 19,487 | 763,111 | ||||||
Encore Capital Group, Inc. * | 3,270 | 145,155 | ||||||
Evercore Partners, Inc., Class A | 6,966 | 356,868 | ||||||
Federated Investors, Inc., Class B | 17,988 | 552,052 | ||||||
Financial Engines, Inc. | 7,495 | 268,846 | ||||||
First Cash Financial Services, Inc. * | 4,512 | 260,613 | ||||||
FNFV Group * | 15,024 | 225,060 | ||||||
Franklin Resources, Inc. | 67,917 | 3,838,669 | ||||||
GAMCO Investors, Inc., Class A | 1,971 | 154,349 | ||||||
Green Dot Corp., Class A * | 6,128 | 115,758 | ||||||
Greenhill & Co., Inc. | 3,592 | 176,080 | ||||||
HFF, Inc., Class A | 7,495 | 224,850 | ||||||
Interactive Brokers Group, Inc., Class A | 6,587 | 154,399 | ||||||
Intercontinental Exchange, Inc. | 18,639 | 3,522,771 | ||||||
Invesco Ltd. | 71,521 | 2,920,918 | ||||||
Investment Technology Group, Inc. * | 6,540 | 111,376 | ||||||
Janus Capital Group, Inc. | 29,980 | 364,257 | ||||||
KCG Holdings, Inc., Class A * | 15,942 | 186,521 | ||||||
Legg Mason, Inc. | 17,482 | 862,212 | ||||||
Leucadia National Corp. | 48,465 | 1,208,232 | ||||||
LPL Financial Holdings, Inc. | 13,155 | 640,517 | ||||||
MarketAxess Holdings, Inc. | 4,866 | 286,705 | ||||||
McGraw Hill Financial, Inc. | 46,469 | 3,770,030 | ||||||
Moody’s Corp. | 31,673 | 2,963,643 | ||||||
Morgan Stanley | 231,030 | 7,926,639 | ||||||
MSCI, Inc. * | 20,986 | 968,294 | ||||||
Navient Corp. | 72,776 | 1,305,601 | ||||||
Nelnet, Inc., Class A | 4,573 | 201,075 | ||||||
NewStar Financial, Inc. * | 7,630 | 87,974 | ||||||
Northern Trust Corp. | 35,976 | 2,494,936 | ||||||
NorthStar Asset Management Group, Inc. * | 30,329 | 560,783 | ||||||
PHH Corp. * | 9,182 | 220,001 | ||||||
PICO Holdings, Inc. * | 3,304 | 73,018 | ||||||
Piper Jaffray Cos. * | 4,902 | 261,571 | ||||||
Portfolio Recovery Associates, Inc. * | 8,994 | 511,129 | ||||||
Raymond James Financial, Inc. | 20,151 | 1,101,051 | ||||||
Santander Consumer USA Holdings, Inc. | 14,732 | 274,310 | ||||||
SEI Investments Co. | 21,574 | 817,547 | ||||||
SLM Corp. | 72,776 | 644,795 | ||||||
Springleaf Holdings, Inc. * | 5,054 | 168,197 | ||||||
State Street Corp. | 72,636 | 5,231,971 | ||||||
Stifel Financial Corp. * | 9,669 | 462,952 | ||||||
T. Rowe Price Group, Inc. | 41,972 | 3,399,522 | ||||||
TD Ameritrade Holding Corp. | 38,974 | 1,290,429 | ||||||
The Bank of New York Mellon Corp. | 192,416 | 7,538,859 | ||||||
The Charles Schwab Corp. (b) | 192,519 | 5,488,717 | ||||||
The Goldman Sachs Group, Inc. | 69,297 | 12,411,786 | ||||||
The NASDAQ OMX Group, Inc. | 19,575 | 850,925 | ||||||
Virtus Investment Partners, Inc. | 1,097 | 245,388 | ||||||
Voya Financial, Inc. | 23,142 | 904,621 | ||||||
Waddell & Reed Financial, Inc., Class A | 13,791 | 751,609 | ||||||
Walter Investment Management Corp. *(a) | 4,555 | 120,024 | ||||||
WisdomTree Investments, Inc. * | 17,988 | 212,798 | ||||||
World Acceptance Corp. *(a) | 2,998 | 234,863 | ||||||
167,933,598 | ||||||||
Energy 9.7% | ||||||||
Alpha Natural Resources, Inc. *(a) | 37,160 | 146,782 | ||||||
Anadarko Petroleum Corp. | 83,445 | 9,403,417 | ||||||
Antero Resources Corp. * | 5,696 | 329,514 | ||||||
Apache Corp. | 65,060 | 6,625,060 | ||||||
Approach Resources, Inc. *(a) | 6,180 | 110,498 | ||||||
Arch Coal, Inc. (a) | 34,042 | 103,828 | ||||||
Athlon Energy, Inc. * | 8,618 | 401,082 | ||||||
Atwood Oceanics, Inc. * | 8,994 | 444,394 | ||||||
Baker Hughes, Inc. | 71,952 | 4,974,761 | ||||||
Bill Barrett Corp. * | 7,663 | 174,487 | ||||||
Bonanza Creek Energy, Inc. * | 3,304 | 202,899 | ||||||
Bristow Group, Inc. | 6,268 | 457,439 | ||||||
C&J Energy Services, Inc. * | 6,613 | 189,727 | ||||||
Cabot Oil & Gas Corp. | 71,952 | 2,413,270 | ||||||
Cameron International Corp. * | 35,512 | 2,639,607 | ||||||
CARBO Ceramics, Inc. | 3,145 | 338,371 | ||||||
Carrizo Oil & Gas, Inc. * | 5,996 | 376,069 | ||||||
Cheniere Energy, Inc. * | 39,558 | 3,174,925 | ||||||
Chesapeake Energy Corp. | 85,601 | 2,328,347 | ||||||
Chevron Corp. | 315,282 | 40,813,255 | ||||||
Cimarex Energy Co. | 14,990 | 2,175,948 | ||||||
Cloud Peak Energy, Inc. * | 10,493 | 164,845 | ||||||
Cobalt International Energy, Inc. * | 49,814 | 764,645 | ||||||
Comstock Resources, Inc. | 7,495 | 182,728 | ||||||
Concho Resources, Inc. * | 18,913 | 2,686,403 | ||||||
ConocoPhillips | 202,777 | 16,469,548 | ||||||
CONSOL Energy, Inc. | 36,599 | 1,474,208 | ||||||
Continental Resources, Inc. * | 7,634 | 1,231,288 | ||||||
Core Laboratories N.V. | 7,515 | 1,187,295 | ||||||
CVR Energy, Inc. (a) | 2,998 | 148,791 | ||||||
Delek US Holdings, Inc. | 9,009 | 315,135 | ||||||
Denbury Resources, Inc. | 64,506 | 1,110,793 | ||||||
Devon Energy Corp. | 62,958 | 4,748,292 | ||||||
Diamond Offshore Drilling, Inc. (a) | 10,893 | 478,638 | ||||||
Diamondback Energy, Inc. * | 8,173 | 705,739 | ||||||
Dresser-Rand Group, Inc. * | 12,141 | 841,371 |
6 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Dril-Quip, Inc. * | 6,943 | 704,506 | ||||||
Energen Corp. | 11,992 | 965,116 | ||||||
Energy Transfer Partners LP | 2,192 | 125,922 | ||||||
Energy XXI Bermuda Ltd. | 17,004 | 280,566 | ||||||
Ensco plc, Class A | 37,600 | 1,898,048 | ||||||
EOG Resources, Inc. | 89,940 | 9,882,607 | ||||||
EP Energy Corp., Class A * | 10,924 | 211,161 | ||||||
EQT Corp. | 25,483 | 2,524,346 | ||||||
Era Group, Inc. * | 2,998 | 76,779 | ||||||
EXCO Resources, Inc. (a) | 28,294 | 136,660 | ||||||
Exterran Holdings, Inc. | 10,521 | 490,594 | ||||||
Exxon Mobil Corp. | 711,206 | 70,736,549 | ||||||
FMC Technologies, Inc. * | 39,162 | 2,421,778 | ||||||
Forum Energy Technologies, Inc. * | 8,239 | 280,538 | ||||||
Frank’s International N.V. | 5,049 | 101,737 | ||||||
Geospace Technologies Corp. * | 1,844 | 75,825 | ||||||
Green Plains, Inc. | 5,512 | 246,331 | ||||||
Gulfmark Offshore, Inc., Class A | 4,497 | 180,824 | ||||||
Gulfport Energy Corp. * | 14,097 | 824,675 | ||||||
Halcon Resources Corp. *(a) | 30,016 | 165,088 | ||||||
Halliburton Co. | 143,084 | 9,673,909 | ||||||
Helix Energy Solutions Group, Inc. * | 16,489 | 450,480 | ||||||
Helmerich & Payne, Inc. | 17,689 | 1,858,229 | ||||||
Hercules Offshore, Inc. * | 26,049 | 87,785 | ||||||
Hess Corp. | 45,071 | 4,556,678 | ||||||
HollyFrontier Corp. | 33,477 | 1,674,854 | ||||||
Hornbeck Offshore Services, Inc. * | 5,996 | 261,785 | ||||||
Key Energy Services, Inc. * | 27,398 | 172,607 | ||||||
Kinder Morgan, Inc. | 110,321 | 4,441,523 | ||||||
Kodiak Oil & Gas Corp. * | 40,509 | 659,081 | ||||||
Kosmos Energy Ltd. * | 15,850 | 158,817 | ||||||
Laredo Petroleum, Inc. * | 11,043 | 261,057 | ||||||
Magnum Hunter Resources Corp. * | 27,196 | 187,924 | ||||||
Marathon Oil Corp. | 118,421 | 4,936,972 | ||||||
Marathon Petroleum Corp. | 49,609 | 4,514,915 | ||||||
Matador Resources Co. * | 8,600 | 235,296 | ||||||
McDermott International, Inc. * | 38,992 | 280,742 | ||||||
Murphy Oil Corp. | 31,479 | 1,966,493 | ||||||
Nabors Industries Ltd. | 49,467 | 1,345,997 | ||||||
National Oilwell Varco, Inc. | 70,453 | 6,089,253 | ||||||
Newfield Exploration Co. * | 21,870 | 980,213 | ||||||
Newpark Resources, Inc. * | 15,020 | 185,197 | ||||||
Noble Corp. plc | 42,215 | 1,201,439 | ||||||
Noble Energy, Inc. | 59,960 | 4,325,514 | ||||||
Northern Oil & Gas, Inc. * | 9,692 | 163,310 | ||||||
Oasis Petroleum, Inc. * | 14,334 | 705,089 | ||||||
Occidental Petroleum Corp. | 129,845 | 13,468,822 | ||||||
Oceaneering International, Inc. | 17,988 | 1,251,245 | ||||||
Oil States International, Inc. * | 8,994 | 580,563 | ||||||
ONEOK, Inc. | 34,078 | 2,392,276 | ||||||
Paragon Offshore plc * | 14,067 | 131,104 | ||||||
Parker Drilling Co. * | 18,569 | 116,613 | ||||||
Patterson-UTI Energy, Inc. | 26,982 | 931,958 | ||||||
PBF Energy, Inc., Class A | 9,134 | 259,497 | ||||||
PDC Energy, Inc. * | 5,996 | 360,300 | ||||||
Peabody Energy Corp. | 45,417 | 721,222 | ||||||
Phillips 66 | 93,478 | 8,134,456 | ||||||
Pioneer Natural Resources Co. | 23,292 | 4,859,876 | ||||||
QEP Resources, Inc. | 28,645 | 1,018,903 | ||||||
Range Resources Corp. | 26,982 | 2,120,515 | ||||||
Resolute Energy Corp. * | 13,565 | 108,927 | ||||||
Rex Energy Corp. * | 12,080 | 184,582 | ||||||
Rice Energy, Inc. * | 7,610 | 222,821 | ||||||
Rosetta Resources, Inc. * | 12,006 | 600,300 | ||||||
Rowan Cos. plc, Class A | 20,986 | 636,296 | ||||||
RPC, Inc. | 10,565 | 240,565 | ||||||
RSP Permian, Inc. * | 6,528 | 186,701 | ||||||
Sanchez Energy Corp. * | 7,822 | 259,612 | ||||||
SandRidge Energy, Inc. *(a) | 57,503 | 301,316 | ||||||
Schlumberger Ltd. | 215,890 | 23,670,180 | ||||||
SEACOR Holdings, Inc. * | 2,998 | 244,637 | ||||||
SemGroup Corp., Class A | 7,495 | 657,536 | ||||||
Seventy Seven Energy, Inc. * | 6,111 | 143,425 | ||||||
SM Energy Co. | 10,493 | 934,297 | ||||||
Solazyme, Inc. *(a) | 9,010 | 84,514 | ||||||
Southwestern Energy Co. * | 56,962 | 2,345,695 | ||||||
Spectra Energy Corp. | 109,581 | 4,565,145 | ||||||
Stone Energy Corp. * | 7,845 | 276,066 | ||||||
Superior Energy Services, Inc. | 25,783 | 924,063 | ||||||
Targa Resources Corp. | 5,996 | 836,742 | ||||||
Teekay Corp. | 6,242 | 382,759 | ||||||
Tesoro Corp. | 23,984 | 1,552,724 | ||||||
TETRA Technologies, Inc. * | 13,534 | 159,701 | ||||||
The Williams Cos., Inc. | 130,023 | 7,728,567 | ||||||
Tidewater, Inc. | 8,994 | 457,525 | ||||||
Transocean Ltd. (a) | 56,742 | 2,193,078 | ||||||
Ultra Petroleum Corp. *(a) | 24,797 | 657,864 | ||||||
Unit Corp. * | 7,495 | 493,246 | ||||||
Valero Energy Corp. | 92,938 | 5,031,663 | ||||||
W&T Offshore, Inc. | 14,990 | 223,651 | ||||||
Weatherford International plc * | 124,417 | 2,947,439 | ||||||
Western Refining, Inc. | 10,493 | 488,239 | ||||||
Whiting Petroleum Corp. * | 20,072 | 1,859,872 | ||||||
World Fuel Services Corp. | 11,992 | 532,205 | ||||||
WPX Energy, Inc. * | 31,658 | 842,736 | ||||||
353,360,247 | ||||||||
Food & Staples Retailing 1.9% | ||||||||
Casey’s General Stores, Inc. | 7,495 | 537,317 | ||||||
Costco Wholesale Corp. | 71,952 | 8,711,948 | ||||||
CVS Caremark Corp. | 193,190 | 15,348,945 | ||||||
PriceSmart, Inc. | 2,998 | 268,681 | ||||||
Rite Aid Corp. * | 147,259 | 915,951 | ||||||
Safeway, Inc. | 40,863 | 1,421,215 | ||||||
SpartanNash Co. | 6,040 | 129,800 | ||||||
Sprouts Farmers Market, Inc. * | 13,798 | 426,910 | ||||||
SUPERVALU, Inc. * | 34,596 | 330,392 | ||||||
Sysco Corp. | 97,435 | 3,685,966 | ||||||
The Andersons, Inc. | 4,897 | 336,767 | ||||||
The Fresh Market, Inc. * | 6,296 | 209,972 | ||||||
The Kroger Co. | 84,064 | 4,285,583 | ||||||
United Natural Foods, Inc. * | 8,495 | 546,143 | ||||||
Wal-Mart Stores, Inc. | 265,904 | 20,075,752 | ||||||
Walgreen Co. | 145,716 | 8,818,732 | ||||||
Weis Markets, Inc. | 2,998 | 128,764 | ||||||
Whole Foods Market, Inc. | 60,902 | 2,383,704 | ||||||
68,562,542 | ||||||||
Food, Beverage & Tobacco 4.5% | ||||||||
Altria Group, Inc. | 331,932 | 14,299,631 |
See financial notes 7
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Archer-Daniels-Midland Co. | 108,089 | 5,389,317 | ||||||
B&G Foods, Inc. | 8,994 | 271,619 | ||||||
Boulder Brands, Inc. * | 7,495 | 100,883 | ||||||
Brown-Forman Corp., Class B | 26,420 | 2,448,077 | ||||||
Bunge Ltd. | 23,984 | 2,030,246 | ||||||
Cal-Maine Foods, Inc. | 1,852 | 146,512 | ||||||
Campbell Soup Co. | 29,069 | 1,302,873 | ||||||
Chiquita Brands International, Inc. * | 10,024 | 139,334 | ||||||
Coca-Cola Enterprises, Inc. | 38,514 | 1,840,199 | ||||||
ConAgra Foods, Inc. | 67,599 | 2,176,688 | ||||||
Constellation Brands, Inc., Class A * | 27,150 | 2,364,493 | ||||||
Darling Ingredients, Inc. * | 27,937 | 538,625 | ||||||
Dean Foods Co. | 15,143 | 245,014 | ||||||
Dr. Pepper Snapple Group, Inc. | 32,330 | 2,034,204 | ||||||
Flowers Foods, Inc. | 27,714 | 542,640 | ||||||
Fresh Del Monte Produce, Inc. | 7,495 | 239,390 | ||||||
General Mills, Inc. | 101,348 | 5,409,956 | ||||||
Hormel Foods Corp. | 23,984 | 1,215,509 | ||||||
Ingredion, Inc. | 13,491 | 1,076,042 | ||||||
J&J Snack Foods Corp. | 2,218 | 210,067 | ||||||
Kellogg Co. | 42,498 | 2,761,095 | ||||||
Keurig Green Mountain, Inc. | 21,139 | 2,818,251 | ||||||
Kraft Foods Group, Inc. | 97,602 | 5,748,758 | ||||||
Lancaster Colony Corp. | 3,010 | 266,114 | ||||||
Lorillard, Inc. | 60,929 | 3,637,461 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 21,386 | 1,490,390 | ||||||
Mead Johnson Nutrition Co. | 34,477 | 3,296,001 | ||||||
Molson Coors Brewing Co., Class B | 25,483 | 1,884,468 | ||||||
Mondelez International, Inc., Class A | 280,369 | 10,146,554 | ||||||
Monster Beverage Corp. * | 21,716 | 1,919,912 | ||||||
PepsiCo, Inc. | 250,909 | 23,206,573 | ||||||
Philip Morris International, Inc. | 261,417 | 22,372,067 | ||||||
Pilgrim’s Pride Corp. * | 13,868 | 414,237 | ||||||
Pinnacle Foods, Inc. | 9,959 | 322,273 | ||||||
Post Holdings, Inc. * | 6,577 | 243,152 | ||||||
Reynolds American, Inc. | 51,764 | 3,026,641 | ||||||
Sanderson Farms, Inc. | 3,112 | 290,412 | ||||||
Seaboard Corp. * | 76 | 220,343 | ||||||
Snyder’s-Lance, Inc. | 8,994 | 245,176 | ||||||
The Boston Beer Co., Inc., Class A * | 1,499 | 331,249 | ||||||
The Coca-Cola Co. | 624,512 | 26,054,641 | ||||||
The Hain Celestial Group, Inc. * | 8,595 | 845,404 | ||||||
The Hershey Co. | 25,483 | 2,329,656 | ||||||
The J.M. Smucker Co. | 18,035 | 1,850,391 | ||||||
The WhiteWave Foods Co. * | 28,517 | 998,665 | ||||||
Tootsie Roll Industries, Inc. | 4,758 | 134,413 | ||||||
TreeHouse Foods, Inc. * | 5,996 | 494,790 | ||||||
Tyson Foods, Inc., Class A | 46,469 | 1,768,610 | ||||||
Universal Corp. | 4,497 | 237,262 | ||||||
Vector Group Ltd. | 8,394 | 200,533 | ||||||
163,576,811 | ||||||||
Health Care Equipment & Services 4.5% | ||||||||
Abaxis, Inc. | 3,609 | 172,330 | ||||||
Abbott Laboratories | 248,463 | 10,495,077 | ||||||
ABIOMED, Inc. * | 4,962 | 129,260 | ||||||
Acadia Healthcare Co., Inc. * | 7,524 | 385,304 | ||||||
Aetna, Inc. | 59,348 | 4,874,251 | ||||||
Air Methods Corp. * | 4,839 | 283,856 | ||||||
Alere, Inc. * | 13,491 | 478,256 | ||||||
Align Technology, Inc. * | 11,088 | 603,853 | ||||||
Allscripts Healthcare Solutions, Inc. * | 31,479 | 465,102 | ||||||
AmerisourceBergen Corp. | 38,163 | 2,953,435 | ||||||
Amsurg Corp. * | 7,259 | 390,462 | ||||||
Analogic Corp. | 1,703 | 122,957 | ||||||
athenahealth, Inc. * | 5,996 | 866,062 | ||||||
Baxter International, Inc. | 91,439 | 6,856,096 | ||||||
Becton Dickinson & Co. | 32,079 | 3,758,696 | ||||||
Bio-Reference Laboratories, Inc. * | 3,570 | 103,709 | ||||||
Boston Scientific Corp. * | 233,961 | 2,966,626 | ||||||
Brookdale Senior Living, Inc. * | 29,235 | 1,021,763 | ||||||
C.R. Bard, Inc. | 12,353 | 1,833,679 | ||||||
Cantel Medical Corp. | 6,549 | 238,842 | ||||||
Cardinal Health, Inc. | 55,757 | 4,109,291 | ||||||
Cardiovascular Systems, Inc. * | 4,510 | 128,490 | ||||||
CareFusion Corp. * | 37,475 | 1,720,477 | ||||||
Centene Corp. * | 8,994 | 702,701 | ||||||
Cerner Corp. * | 47,968 | 2,765,835 | ||||||
Chemed Corp. (a) | 3,045 | 321,582 | ||||||
Cigna Corp. | 44,316 | 4,192,294 | ||||||
Community Health Systems, Inc. * | 19,504 | 1,058,677 | ||||||
Computer Programs & Systems, Inc. | 1,696 | 104,202 | ||||||
CONMED Corp. | 4,534 | 179,093 | ||||||
Covidien plc | 77,177 | 6,701,279 | ||||||
Cyberonics, Inc. * | 3,392 | 194,667 | ||||||
DaVita HealthCare Partners, Inc. * | 29,430 | 2,197,832 | ||||||
DENTSPLY International, Inc. | 23,984 | 1,144,157 | ||||||
DexCom, Inc. * | 13,491 | 596,302 | ||||||
Edwards Lifesciences Corp. * | 19,487 | 1,934,280 | ||||||
Endologix, Inc. * | 9,115 | 125,878 | ||||||
Envision Healthcare Holdings, Inc. * | 17,427 | 637,131 | ||||||
ExamWorks Group, Inc. * | 4,140 | 136,413 | ||||||
Express Scripts Holding Co. * | 128,083 | 9,469,176 | ||||||
Globus Medical, Inc., Class A * | 9,523 | 172,747 | ||||||
Greatbatch, Inc. * | 3,404 | 155,120 | ||||||
Haemonetics Corp. * | 8,994 | 320,996 | ||||||
Hanger, Inc. * | 5,030 | 112,672 | ||||||
HCA Holdings, Inc. * | 51,317 | 3,582,953 | ||||||
Health Net, Inc. * | 16,489 | 778,281 | ||||||
HealthSouth Corp. | 14,990 | 590,456 | ||||||
HealthStream, Inc. * | 6,488 | 168,429 | ||||||
HeartWare International, Inc. * | 2,029 | 164,552 | ||||||
Henry Schein, Inc. * | 14,990 | 1,794,153 | ||||||
Hill-Rom Holdings, Inc. | 10,493 | 459,698 | ||||||
HMS Holdings Corp. * | 13,665 | 312,382 | ||||||
Hologic, Inc. * | 46,984 | 1,168,492 | ||||||
Humana, Inc. | 26,982 | 3,473,663 | ||||||
ICU Medical, Inc. * | 1,685 | 105,464 | ||||||
IDEXX Laboratories, Inc. * | 9,008 | 1,116,722 | ||||||
IMS Health Holdings, Inc. * | 8,300 | 231,570 | ||||||
Insulet Corp. * | 7,495 | 270,644 | ||||||
Integra LifeSciences Holdings Corp. * | 4,511 | 225,505 | ||||||
Intuitive Surgical, Inc. * | 6,485 | 3,048,015 |
8 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
IPC The Hospitalist Co., Inc. * | 1,985 | 95,955 | ||||||
Kindred Healthcare, Inc. | 14,990 | 309,544 | ||||||
Laboratory Corp. of America Holdings * | 16,489 | 1,768,115 | ||||||
Landauer, Inc. | 1,552 | 56,524 | ||||||
LifePoint Hospitals, Inc. * | 8,994 | 672,751 | ||||||
Magellan Health, Inc. * | 5,996 | 334,937 | ||||||
Masimo Corp. * | 8,994 | 201,825 | ||||||
McKesson Corp. | 38,974 | 7,601,099 | ||||||
MedAssets, Inc. * | 9,020 | 207,460 | ||||||
Medidata Solutions, Inc. * | 7,218 | 335,926 | ||||||
MEDNAX, Inc. * | 15,590 | 892,528 | ||||||
Medtronic, Inc. | 165,659 | 10,577,327 | ||||||
Meridian Bioscience, Inc. | 10,493 | 205,348 | ||||||
Merit Medical Systems, Inc. * | 7,495 | 93,762 | ||||||
Molina Healthcare, Inc. * | 4,686 | 224,178 | ||||||
MWI Veterinary Supply, Inc. * | 1,746 | 248,019 | ||||||
National Healthcare Corp. | 1,552 | 88,930 | ||||||
Natus Medical, Inc. * | 5,054 | 142,068 | ||||||
Neogen Corp. * | 6,586 | 277,271 | ||||||
NuVasive, Inc. * | 7,682 | 269,638 | ||||||
NxStage Medical, Inc. * | 9,420 | 123,590 | ||||||
Omnicare, Inc. | 16,307 | 1,039,897 | ||||||
Omnicell, Inc. * | 4,856 | 136,696 | ||||||
Owens & Minor, Inc. | 10,493 | 360,959 | ||||||
Patterson Cos., Inc. | 13,685 | 551,095 | ||||||
Premier, Inc., Class A * | 6,072 | 191,754 | ||||||
Quality Systems, Inc. | 6,540 | 102,416 | ||||||
Quest Diagnostics, Inc. | 25,783 | 1,629,743 | ||||||
Quidel Corp. * | 5,086 | 120,030 | ||||||
ResMed, Inc. (a) | 23,984 | 1,272,351 | ||||||
Select Medical Holdings Corp. | 13,803 | 193,518 | ||||||
Sirona Dental Systems, Inc. * | 9,069 | 739,214 | ||||||
St. Jude Medical, Inc. | 48,779 | 3,199,415 | ||||||
STERIS Corp. | 8,994 | 506,272 | ||||||
Stryker Corp. | 49,023 | 4,084,106 | ||||||
Team Health Holdings, Inc. * | 11,021 | 644,949 | ||||||
Teleflex, Inc. | 7,495 | 820,553 | ||||||
Tenet Healthcare Corp. * | 16,048 | 981,817 | ||||||
The Cooper Cos., Inc. | 7,495 | 1,221,910 | ||||||
The Ensign Group, Inc. | 2,052 | 71,820 | ||||||
The Spectranetics Corp. * | 6,780 | 192,416 | ||||||
Thoratec Corp. * | 8,994 | 224,850 | ||||||
Tornier NV * | 6,168 | 133,352 | ||||||
UnitedHealth Group, Inc. | 163,068 | 14,134,734 | ||||||
Universal American Corp. * | 13,491 | 115,348 | ||||||
Universal Health Services, Inc., Class B | 14,990 | 1,715,456 | ||||||
Varian Medical Systems, Inc. * | 18,193 | 1,546,769 | ||||||
VCA, Inc. * | 13,491 | 549,758 | ||||||
Volcano Corp. * | 8,994 | 111,885 | ||||||
WellCare Health Plans, Inc. * | 7,495 | 493,621 | ||||||
WellPoint, Inc. | 46,543 | 5,422,725 | ||||||
West Pharmaceutical Services, Inc. | 11,992 | 520,813 | ||||||
Wright Medical Group, Inc. * | 8,994 | 268,381 | ||||||
Zimmer Holdings, Inc. | 28,628 | 2,843,047 | ||||||
166,540,352 | ||||||||
Household & Personal Products 1.8% | ||||||||
Avon Products, Inc. | 71,038 | 997,374 | ||||||
Church & Dwight Co., Inc. | 23,984 | 1,636,668 | ||||||
Colgate-Palmolive Co. | 143,706 | 9,302,089 | ||||||
Coty, Inc., Class A | 14,161 | 243,428 | ||||||
Elizabeth Arden, Inc. * | 3,492 | 59,713 | ||||||
Energizer Holdings, Inc. | 10,607 | 1,288,963 | ||||||
Harbinger Group, Inc. * | 9,312 | 120,590 | ||||||
Herbalife Ltd. (a) | 13,747 | 700,822 | ||||||
Kimberly-Clark Corp. | 62,233 | 6,721,164 | ||||||
Nu Skin Enterprises, Inc., Class A | 10,493 | 469,247 | ||||||
Revlon, Inc., Class A * | 4,856 | 164,958 | ||||||
Spectrum Brands Holdings, Inc. | 3,440 | 297,904 | ||||||
The Clorox Co. | 21,133 | 1,872,384 | ||||||
The Estee Lauder Cos., Inc., Class A | 42,342 | 3,253,136 | ||||||
The Procter & Gamble Co. | 448,467 | 37,272,092 | ||||||
WD-40 Co. | 1,927 | 132,385 | ||||||
64,532,917 | ||||||||
Insurance 3.1% | ||||||||
ACE Ltd. | 55,663 | 5,918,647 | ||||||
Aflac, Inc. | 75,978 | 4,652,893 | ||||||
Alleghany Corp. * | 2,638 | 1,137,321 | ||||||
Allied World Assurance Co. Holdings AG | 17,988 | 665,376 | ||||||
Ambac Financial Group, Inc. * | 7,600 | 183,920 | ||||||
American Equity Investment Life Holding Co. | 9,593 | 237,331 | ||||||
American Financial Group, Inc. | 12,538 | 751,904 | ||||||
American International Group, Inc. | 239,045 | 13,400,863 | ||||||
American National Insurance Co. | 545 | 62,043 | ||||||
AMERISAFE, Inc. | 3,004 | 113,341 | ||||||
AmTrust Financial Services, Inc. (a) | 5,030 | 221,471 | ||||||
Aon plc | 48,755 | 4,249,486 | ||||||
Arch Capital Group Ltd. * | 18,830 | 1,046,571 | ||||||
Argo Group International Holdings Ltd. | 4,512 | 237,512 | ||||||
Arthur J. Gallagher & Co. | 25,166 | 1,188,590 | ||||||
Aspen Insurance Holdings Ltd. | 11,992 | 509,900 | ||||||
Assurant, Inc. | 12,594 | 840,649 | ||||||
Assured Guaranty Ltd. | 27,557 | 665,502 | ||||||
Axis Capital Holdings Ltd. | 17,258 | 832,181 | ||||||
Brown & Brown, Inc. | 19,487 | 635,666 | ||||||
Cincinnati Financial Corp. | 25,483 | 1,225,477 | ||||||
Citizens, Inc. * | 6,540 | 46,761 | ||||||
CNA Financial Corp. | 6,012 | 233,085 | ||||||
CNO Financial Group, Inc. | 37,883 | 676,212 | ||||||
eHealth, Inc. * | 2,585 | 63,436 | ||||||
Employers Holdings, Inc. | 5,996 | 128,374 | ||||||
Endurance Specialty Holdings Ltd. | 6,868 | 398,825 | ||||||
Enstar Group Ltd. * | 1,499 | 212,708 | ||||||
Erie Indemnity Co., Class A | 4,511 | 345,137 | ||||||
Everest Re Group Ltd. | 8,031 | 1,315,799 | ||||||
FBL Financial Group, Inc., Class A | 3,270 | 153,134 | ||||||
First American Financial Corp. | 17,988 | 509,960 | ||||||
FNF Group * | 45,079 | 1,276,186 | ||||||
Genworth Financial, Inc., Class A * | 79,447 | 1,127,353 | ||||||
Greenlight Capital Re Ltd., Class A * | 4,497 | 153,842 | ||||||
HCC Insurance Holdings, Inc. | 17,988 | 901,918 | ||||||
Hilltop Holdings, Inc. * | 11,353 | 240,343 | ||||||
Horace Mann Educators Corp. | 6,601 | 196,710 | ||||||
Infinity Property & Casualty Corp. | 1,499 | 102,502 |
See financial notes 9
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Kemper Corp. | 8,994 | 326,932 | ||||||
Lincoln National Corp. | 43,041 | 2,368,977 | ||||||
Loews Corp. | 51,201 | 2,239,532 | ||||||
Maiden Holdings Ltd. | 7,860 | 95,578 | ||||||
Markel Corp. * | 2,259 | 1,490,488 | ||||||
Marsh & McLennan Cos., Inc. | 89,072 | 4,729,723 | ||||||
MBIA, Inc. * | 24,496 | 255,493 | ||||||
Meadowbrook Insurance Group, Inc. | 7,625 | 47,199 | ||||||
Mercury General Corp. | 5,996 | 307,175 | ||||||
MetLife, Inc. | 185,889 | 10,175,564 | ||||||
Montpelier Re Holdings Ltd. | 9,135 | 287,296 | ||||||
National General Holdings Corp. | 18,048 | 338,039 | ||||||
National Interstate Corp. | 2,485 | 69,580 | ||||||
National Western Life Insurance Co., Class A | 300 | 76,200 | ||||||
Old Republic International Corp. | 39,118 | 600,461 | ||||||
OneBeacon Insurance Group Ltd., Class A | 3,931 | 63,014 | ||||||
PartnerRe Ltd. | 8,129 | 907,928 | ||||||
Platinum Underwriters Holdings Ltd. | 4,891 | 305,541 | ||||||
Primerica, Inc. | 7,495 | 377,223 | ||||||
Principal Financial Group, Inc. | 46,511 | 2,525,082 | ||||||
ProAssurance Corp. | 9,866 | 455,809 | ||||||
Protective Life Corp. | 13,491 | 936,275 | ||||||
Prudential Financial, Inc. | 76,643 | 6,874,877 | ||||||
Reinsurance Group of America, Inc. | 11,992 | 995,096 | ||||||
RenaissanceRe Holdings Ltd. | 7,531 | 771,099 | ||||||
RLI Corp. | 5,996 | 268,021 | ||||||
Safety Insurance Group, Inc. | 2,998 | 165,490 | ||||||
Selective Insurance Group, Inc. | 8,994 | 215,586 | ||||||
StanCorp Financial Group, Inc. | 7,495 | 491,072 | ||||||
State Auto Financial Corp. | 2,185 | 47,414 | ||||||
Stewart Information Services Corp. | 3,770 | 121,469 | ||||||
Symetra Financial Corp. | 12,319 | 299,844 | ||||||
The Allstate Corp. | 70,146 | 4,313,278 | ||||||
The Chubb Corp. | 39,260 | 3,609,957 | ||||||
The Hanover Insurance Group, Inc. | 6,924 | 439,328 | ||||||
The Hartford Financial Services Group, Inc. | 72,041 | 2,669,119 | ||||||
The Navigators Group, Inc. * | 1,505 | 96,696 | ||||||
The Progressive Corp. | 93,349 | 2,335,592 | ||||||
The Travelers Cos., Inc. | 57,597 | 5,455,012 | ||||||
Torchmark Corp. | 22,701 | 1,238,340 | ||||||
United Fire Group, Inc. | 3,204 | 93,941 | ||||||
Unum Group | 43,859 | 1,590,766 | ||||||
Validus Holdings Ltd. | 15,229 | 595,606 | ||||||
W.R. Berkley Corp. | 18,132 | 876,682 | ||||||
White Mountains Insurance Group Ltd. | 912 | 578,427 | ||||||
Willis Group Holdings plc | 27,934 | 1,172,390 | ||||||
XL Group plc | 47,233 | 1,614,424 | ||||||
112,767,564 | ||||||||
Materials 3.9% | ||||||||
A. Schulman, Inc. | 4,650 | 180,560 | ||||||
Air Products & Chemicals, Inc. | 34,630 | 4,613,062 | ||||||
Airgas, Inc. | 10,907 | 1,203,915 | ||||||
AK Steel Holding Corp. * | 23,350 | 254,982 | ||||||
Albemarle Corp. | 14,990 | 953,064 | ||||||
Alcoa, Inc. | 192,927 | 3,204,517 | ||||||
Allegheny Technologies, Inc. | 16,989 | 716,426 | ||||||
AptarGroup, Inc. | 10,493 | 673,126 | ||||||
Ashland, Inc. | 11,992 | 1,285,782 | ||||||
Avery Dennison Corp. | 17,988 | 865,762 | ||||||
Axiall Corp. | 12,007 | 499,251 | ||||||
Balchem Corp. | 5,996 | 308,434 | ||||||
Ball Corp. | 25,625 | 1,642,563 | ||||||
Bemis Co., Inc. | 17,988 | 732,831 | ||||||
Berry Plastics Group, Inc. * | 19,964 | 481,332 | ||||||
Boise Cascade Co. * | 6,128 | 184,208 | ||||||
Cabot Corp. | 10,493 | 574,807 | ||||||
Calgon Carbon Corp. * | 9,064 | 192,519 | ||||||
Carpenter Technology Corp. | 7,495 | 410,201 | ||||||
Celanese Corp., Series A | 26,982 | 1,687,454 | ||||||
CF Industries Holdings, Inc. | 8,448 | 2,176,796 | ||||||
Chemtura Corp. * | 17,988 | 444,124 | ||||||
Clearwater Paper Corp. * | 4,497 | 311,192 | ||||||
Cliffs Natural Resources, Inc. (a) | 25,788 | 388,625 | ||||||
Commercial Metals Co. | 19,487 | 336,735 | ||||||
Compass Minerals International, Inc. | 5,996 | 534,064 | ||||||
Crown Holdings, Inc. * | 24,278 | 1,171,899 | ||||||
Cytec Industries, Inc. | 7,495 | 772,285 | ||||||
Deltic Timber Corp. | 1,727 | 114,396 | ||||||
Domtar Corp. | 11,992 | 447,182 | ||||||
E.I. du Pont de Nemours & Co. | 151,777 | 10,033,977 | ||||||
Eagle Materials, Inc. | 8,077 | 823,127 | ||||||
Eastman Chemical Co. | 25,483 | 2,101,583 | ||||||
Ecolab, Inc. | 45,753 | 5,253,359 | ||||||
Ferro Corp. * | 13,768 | 185,593 | ||||||
Flotek Industries, Inc. * | 6,508 | 180,922 | ||||||
FMC Corp. | 22,532 | 1,490,267 | ||||||
Freeport-McMoRan, Inc. | 171,189 | 6,226,144 | ||||||
Globe Specialty Metals, Inc. | 7,958 | 163,457 | ||||||
Graphic Packaging Holding Co. * | 54,083 | 691,722 | ||||||
Greif, Inc., Class A | 5,996 | 287,148 | ||||||
H.B. Fuller Co. | 7,737 | 363,949 | ||||||
Haynes International, Inc. | 2,998 | 148,641 | ||||||
Headwaters, Inc. * | 24,392 | 316,852 | ||||||
Hecla Mining Co. | 41,097 | 134,387 | ||||||
Horsehead Holding Corp. * | 6,620 | 133,658 | ||||||
Huntsman Corp. | 33,766 | 907,968 | ||||||
Innophos Holdings, Inc. | 4,497 | 261,501 | ||||||
Innospec, Inc. | 2,385 | 100,599 | ||||||
International Flavors & Fragrances, Inc. | 13,491 | 1,370,551 | ||||||
International Paper Co. | 73,474 | 3,559,815 | ||||||
Intrepid Potash, Inc. * | 6,540 | 100,258 | ||||||
Kaiser Aluminum Corp. | 2,998 | 241,489 | ||||||
KapStone Paper & Packaging Corp. * | 15,030 | 462,022 | ||||||
Koppers Holdings, Inc. | 4,497 | 166,884 | ||||||
Kraton Performance Polymers, Inc. * | 4,795 | 97,482 | ||||||
Kronos Worldwide, Inc. | 7,630 | 120,630 | ||||||
Louisiana-Pacific Corp. * | 22,485 | 320,861 | ||||||
LSB Industries, Inc. * | 3,000 | 120,150 | ||||||
LyondellBasell Industries N.V., Class A | 68,784 | 7,865,450 | ||||||
Martin Marietta Materials, Inc. | 9,712 | 1,271,884 |
10 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Materion Corp. | 3,104 | 101,284 | ||||||
MeadWestvaco Corp. | 28,481 | 1,224,683 | ||||||
Minerals Technologies, Inc. | 6,024 | 377,223 | ||||||
Monsanto Co. | 86,177 | 9,966,370 | ||||||
Myers Industries, Inc. | 5,996 | 118,181 | ||||||
Neenah Paper, Inc. | 1,952 | 106,716 | ||||||
NewMarket Corp. | 1,625 | 661,196 | ||||||
Newmont Mining Corp. | 82,378 | 2,231,620 | ||||||
Nucor Corp. | 51,472 | 2,795,959 | ||||||
Olin Corp. | 14,990 | 409,077 | ||||||
OM Group, Inc. | 4,497 | 119,620 | ||||||
Owens-Illinois, Inc. * | 28,481 | 876,930 | ||||||
P.H. Glatfelter Co. | 6,440 | 160,549 | ||||||
Packaging Corp. of America | 16,489 | 1,121,087 | ||||||
Platform Specialty Products Corp. * | 15,432 | 421,448 | ||||||
PolyOne Corp. | 14,990 | 587,908 | ||||||
PPG Industries, Inc. | 23,157 | 4,767,100 | ||||||
Praxair, Inc. | 49,467 | 6,507,384 | ||||||
Quaker Chemical Corp. | 2,998 | 233,844 | ||||||
Rayonier Advanced Materials, Inc. *(a) | 6,962 | 231,208 | ||||||
Reliance Steel & Aluminum Co. | 12,039 | 841,767 | ||||||
Rentech, Inc. * | 60,400 | 135,296 | ||||||
Resolute Forest Products, Inc. * | 15,596 | 268,095 | ||||||
Rock-Tenn Co., Class A | 24,266 | 1,192,917 | ||||||
Rockwood Holdings, Inc. | 12,292 | 995,406 | ||||||
Royal Gold, Inc. | 10,508 | 816,997 | ||||||
RPM International, Inc. | 22,485 | 1,059,718 | ||||||
RTI International Metals, Inc. * | 4,655 | 135,042 | ||||||
Schnitzer Steel Industries, Inc., Class A | 4,140 | 114,637 | ||||||
Schweitzer-Mauduit International, Inc. | 5,996 | 256,869 | ||||||
Sealed Air Corp. | 31,748 | 1,146,103 | ||||||
Sensient Technologies Corp. | 8,994 | 504,653 | ||||||
Sigma-Aldrich Corp. | 19,640 | 2,042,560 | ||||||
Silgan Holdings, Inc. | 7,596 | 382,459 | ||||||
Sonoco Products Co. | 16,489 | 678,687 | ||||||
Steel Dynamics, Inc. | 35,976 | 836,082 | ||||||
Stepan Co. | 2,998 | 144,773 | ||||||
Stillwater Mining Co. * | 18,370 | 340,947 | ||||||
SunCoke Energy, Inc. * | 9,500 | 228,095 | ||||||
The Dow Chemical Co. | 200,565 | 10,740,256 | ||||||
The Mosaic Co. | 54,533 | 2,604,496 | ||||||
The Scotts Miracle-Gro Co., Class A | 7,495 | 432,686 | ||||||
The Sherwin-Williams Co. | 14,038 | 3,061,828 | ||||||
The Valspar Corp. | 14,990 | 1,210,592 | ||||||
TimkenSteel Corp. | 6,725 | 321,321 | ||||||
Tredegar Corp. | 3,510 | 73,043 | ||||||
Tronox Ltd., Class A | 13,680 | 415,325 | ||||||
United States Steel Corp. | 23,415 | 904,990 | ||||||
US Silica Holdings, Inc. | 8,800 | 631,928 | ||||||
Vulcan Materials Co. | 21,092 | 1,336,811 | ||||||
W.R. Grace & Co. * | 12,663 | 1,254,017 | ||||||
Wausau Paper Corp. | 2,105 | 19,198 | ||||||
Westlake Chemical Corp. | 6,290 | 610,948 | ||||||
Worthington Industries, Inc. | 10,525 | 425,631 | ||||||
142,047,984 | ||||||||
Media 3.5% | ||||||||
AMC Networks, Inc., Class A * | 10,493 | 656,599 | ||||||
Cablevision Systems Corp., Class A | 35,141 | 650,460 | ||||||
Carmike Cinemas, Inc. * | 3,770 | 127,690 | ||||||
CBS Corp., Class B Non-Voting Shares | 87,356 | 5,179,337 | ||||||
CBS Outdoor Americas, Inc. REIT | 19,981 | 686,747 | ||||||
Charter Communications, Inc., Class A * | 11,585 | 1,817,339 | ||||||
Cinemark Holdings, Inc. | 17,988 | 634,797 | ||||||
Clear Channel Outdoor Holdings, Inc., Class A | 12,412 | 86,139 | ||||||
Comcast Corp., Class A | 430,482 | 23,560,280 | ||||||
Cumulus Media, Inc., Class A * | 12,080 | 55,447 | ||||||
DIRECTV * | 78,186 | 6,759,180 | ||||||
Discovery Communications, Inc., Class A * | 37,797 | 1,652,485 | ||||||
Discovery Communications, Inc., Class C * | 37,797 | 1,624,137 | ||||||
DISH Network Corp., Class A * | 35,009 | 2,268,933 | ||||||
DreamWorks Animation SKG, Inc., Class A * | 11,138 | 243,198 | ||||||
Gannett Co., Inc. | 37,817 | 1,276,702 | ||||||
Gray Television, Inc. * | 9,020 | 89,569 | ||||||
Harte-Hanks, Inc. | 6,540 | 45,845 | ||||||
John Wiley & Sons, Inc., Class A | 7,895 | 473,305 | ||||||
Lamar Advertising Co., Class A | 10,493 | 550,673 | ||||||
Liberty Global plc, Class A * | 56,473 | 2,466,176 | ||||||
Liberty Global plc, Series C * | 66,887 | 2,804,572 | ||||||
Liberty Media Corp., Class A * | 16,903 | 832,135 | ||||||
Liberty Media Corp., Class C * | 33,806 | 1,638,577 | ||||||
Live Nation Entertainment, Inc. * | 22,576 | 495,769 | ||||||
Loral Space & Communications, Inc. * | 2,998 | 224,610 | ||||||
Meredith Corp. | 7,495 | 349,117 | ||||||
Morningstar, Inc. | 3,312 | 227,468 | ||||||
National CineMedia, Inc. | 10,521 | 153,607 | ||||||
News Corp., Class A * | 81,666 | 1,439,363 | ||||||
Nexstar Broadcasting Group, Inc., Class A | 3,858 | 176,079 | ||||||
Omnicom Group, Inc. | 42,180 | 3,037,382 | ||||||
Regal Entertainment Group, Class A | 13,491 | 283,986 | ||||||
Rentrak Corp. * | 1,885 | 96,248 | ||||||
Scholastic Corp. | 3,400 | 119,136 | ||||||
Scripps Networks Interactive, Inc., Class A | 17,375 | 1,384,961 | ||||||
Sinclair Broadcast Group, Inc., Class A (a) | 11,644 | 338,258 | ||||||
Sirius XM Holdings, Inc. * | 517,250 | 1,877,618 | ||||||
Starz, Class A * | 18,135 | 567,444 | ||||||
The E.W. Scripps Co., Class A * | 5,155 | 97,739 | ||||||
The Interpublic Group of Cos., Inc. | 71,987 | 1,405,906 | ||||||
The Madison Square Garden Co., Class A * | 9,447 | 631,626 | ||||||
The New York Times Co., Class A | 26,982 | 334,037 | ||||||
The Walt Disney Co. | 266,321 | 23,936,932 | ||||||
Time Warner Cable, Inc. | 45,683 | 6,757,886 | ||||||
Time Warner, Inc. | 147,183 | 11,337,507 | ||||||
Time, Inc. * | 18,381 | 431,586 |
See financial notes 11
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Twenty-First Century Fox, Inc., Class A | 316,472 | 11,209,438 | ||||||
Viacom, Inc., Class B | 64,548 | 5,238,070 | ||||||
128,332,095 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 8.7% | ||||||||
AbbVie, Inc. | 264,533 | 14,623,384 | ||||||
ACADIA Pharmaceuticals, Inc. * | 15,740 | 377,445 | ||||||
Achillion Pharmaceuticals, Inc. * | 20,052 | 232,002 | ||||||
Acorda Therapeutics, Inc. * | 6,237 | 203,201 | ||||||
Actavis plc * | 43,701 | 9,919,253 | ||||||
Aegerion Pharmaceuticals, Inc. * | 3,752 | 114,624 | ||||||
Affymetrix, Inc. * | 12,416 | 107,647 | ||||||
Agilent Technologies, Inc. | 56,962 | 3,255,948 | ||||||
Akorn, Inc. * | 10,584 | 412,988 | ||||||
Alexion Pharmaceuticals, Inc. * | 33,269 | 5,632,109 | ||||||
Alkermes plc * | 24,052 | 1,075,846 | ||||||
Allergan, Inc. | 50,966 | 8,342,115 | ||||||
Alnylam Pharmaceuticals, Inc. * | 9,460 | 659,078 | ||||||
Amgen, Inc. | 125,268 | 17,459,854 | ||||||
Arena Pharmaceuticals, Inc. *(a) | 36,942 | 152,201 | ||||||
ARIAD Pharmaceuticals, Inc. *(a) | 30,660 | 190,705 | ||||||
Array BioPharma, Inc. * | 15,020 | 59,329 | ||||||
Auxilium Pharmaceuticals, Inc. *(a) | 7,495 | 139,407 | ||||||
AVANIR Pharmaceuticals, Inc. * | 24,812 | 154,331 | ||||||
Bio-Rad Laboratories, Inc., Class A * | 2,998 | 360,539 | ||||||
Biogen Idec, Inc. * | 39,047 | 13,394,683 | ||||||
BioMarin Pharmaceutical, Inc. * | 23,218 | 1,653,586 | ||||||
Bristol-Myers Squibb Co. | 274,139 | 13,885,140 | ||||||
Bruker Corp. * | 18,451 | 370,127 | ||||||
Cambrex Corp. * | 4,896 | 107,320 | ||||||
Celgene Corp. * | 132,122 | 12,554,232 | ||||||
Celldex Therapeutics, Inc. * | 12,676 | 201,675 | ||||||
Cepheid, Inc. * | 11,992 | 480,040 | ||||||
Charles River Laboratories International, Inc. * | 7,789 | 460,330 | ||||||
Clovis Oncology, Inc. * | 4,655 | 221,392 | ||||||
Covance, Inc. * | 10,493 | 869,870 | ||||||
Cubist Pharmaceuticals, Inc. * | 12,670 | 874,610 | ||||||
Depomed, Inc. * | 9,562 | 146,777 | ||||||
Dyax Corp. * | 20,379 | 208,070 | ||||||
Eli Lilly & Co. | 163,411 | 10,386,403 | ||||||
Emergent Biosolutions, Inc. * | 7,590 | 188,991 | ||||||
Endo International plc * | 22,130 | 1,409,902 | ||||||
Exact Sciences Corp. *(a) | 14,294 | 298,030 | ||||||
Exelixis, Inc. *(a) | 24,025 | 99,463 | ||||||
Fluidigm Corp. * | 5,196 | 141,435 | ||||||
Genomic Health, Inc. * | 3,396 | 100,929 | ||||||
Gilead Sciences, Inc. * | 253,610 | 27,283,364 | ||||||
Halozyme Therapeutics, Inc. * | 14,990 | 142,405 | ||||||
Hospira, Inc. * | 26,982 | 1,450,013 | ||||||
Illumina, Inc. * | 23,790 | 4,266,974 | ||||||
ImmunoGen, Inc. * | 13,491 | 159,464 | ||||||
Impax Laboratories, Inc. * | 13,495 | 332,517 | ||||||
Incyte Corp. * | 24,518 | 1,328,876 | ||||||
Intercept Pharmaceuticals, Inc. * | 2,100 | 608,412 | ||||||
InterMune, Inc. * | 16,570 | 1,217,066 | ||||||
Intrexon Corp. *(a) | 5,026 | 101,927 | ||||||
Ironwood Pharmaceuticals, Inc. * | 20,730 | 268,246 | ||||||
Isis Pharmaceuticals, Inc. * | 19,582 | 798,162 | ||||||
Jazz Pharmaceuticals plc * | 8,930 | 1,454,876 | ||||||
Johnson & Johnson | 467,276 | 48,470,539 | ||||||
Keryx Biopharmaceuticals, Inc. *(a) | 16,164 | 294,023 | ||||||
KYTHERA Biopharmaceuticals, Inc. * | 2,032 | 76,424 | ||||||
Lexicon Pharmaceuticals, Inc. * | 72,115 | 109,615 | ||||||
Ligand Pharmaceuticals, Inc., Class B * | 3,926 | 204,309 | ||||||
Luminex Corp. * | 7,495 | 141,281 | ||||||
Mallinckrodt plc * | 19,047 | 1,552,149 | ||||||
MannKind Corp. *(a) | 58,975 | 434,646 | ||||||
Medivation, Inc. * | 11,992 | 1,094,390 | ||||||
Merck & Co., Inc. | 487,642 | 29,312,161 | ||||||
Mettler-Toledo International, Inc. * | 4,744 | 1,283,157 | ||||||
MiMedx Group, Inc. *(a) | 12,956 | 91,210 | ||||||
Momenta Pharmaceuticals, Inc. * | 7,781 | 91,738 | ||||||
Mylan, Inc. * | 65,058 | 3,161,819 | ||||||
Myriad Genetics, Inc. *(a) | 14,990 | 542,488 | ||||||
Nektar Therapeutics * | 22,485 | 320,636 | ||||||
Neurocrine Biosciences, Inc. * | 12,080 | 197,025 | ||||||
Novavax, Inc. * | 59,048 | 276,935 | ||||||
NPS Pharmaceuticals, Inc. * | 18,103 | 546,349 | ||||||
OPKO Health, Inc. *(a) | 36,034 | 320,703 | ||||||
Orexigen Therapeutics, Inc. *(a) | 15,220 | 86,754 | ||||||
Pacira Pharmaceuticals, Inc. * | 5,556 | 601,493 | ||||||
PAREXEL International Corp. * | 10,493 | 592,225 | ||||||
PDL BioPharma, Inc. (a) | 29,980 | 302,498 | ||||||
PerkinElmer, Inc. | 20,986 | 941,222 | ||||||
Perrigo Co., plc | 22,025 | 3,275,998 | ||||||
Pfizer, Inc. | 1,056,558 | 31,052,240 | ||||||
Pharmacyclics, Inc. * | 10,779 | 1,340,800 | ||||||
Prestige Brands Holdings, Inc. * | 7,788 | 269,543 | ||||||
PTC Therapeutics, Inc. *(a) | 7,944 | 251,507 | ||||||
Puma Biotechnology, Inc. * | 4,978 | 1,296,819 | ||||||
Quintiles Transnational Holdings, Inc. * | 8,414 | 472,194 | ||||||
Raptor Pharmaceutical Corp. *(a) | 6,368 | 70,175 | ||||||
Receptos, Inc. * | 2,032 | 103,937 | ||||||
Regeneron Pharmaceuticals, Inc. * | 13,165 | 4,614,596 | ||||||
Salix Pharmaceuticals Ltd. * | 10,194 | 1,621,967 | ||||||
Sangamo BioSciences, Inc. * | 12,856 | 183,841 | ||||||
Sarepta Therapeutics, Inc. *(a) | 6,232 | 142,900 | ||||||
Seattle Genetics, Inc. * | 18,707 | 823,295 | ||||||
Synageva BioPharma Corp. * | 3,950 | 285,071 | ||||||
Techne Corp. | 5,996 | 572,738 | ||||||
TESARO, Inc. * | 3,284 | 97,075 | ||||||
The Medicines Co. * | 9,036 | 231,412 | ||||||
TherapeuticsMD, Inc. *(a) | 16,320 | 90,576 | ||||||
Theravance Biopharma, Inc. *(a) | 3,439 | 100,986 | ||||||
Theravance, Inc. (a) | 12,117 | 285,476 | ||||||
Thermo Fisher Scientific, Inc. | 66,111 | 7,947,203 | ||||||
Ultragenyx Pharmaceutical, Inc. * | 4,512 | 240,760 | ||||||
United Therapeutics Corp. * | 8,994 | 1,059,763 | ||||||
Vertex Pharmaceuticals, Inc. * | 40,583 | 3,797,351 | ||||||
Waters Corp. * | 14,990 | 1,550,416 | ||||||
ZIOPHARM Oncology, Inc. *(a) | 50,924 | 164,484 | ||||||
Zoetis, Inc. | 81,335 | 2,882,512 | ||||||
316,808,737 | ||||||||
Real Estate 3.7% | ||||||||
Acadia Realty Trust | 7,548 | 217,533 |
12 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Alexander & Baldwin, Inc. | 7,495 | 306,545 | ||||||
Alexander’s, Inc. | 699 | 277,147 | ||||||
Alexandria Real Estate Equities, Inc. | 12,456 | 984,771 | ||||||
Altisource Portfolio Solutions S.A. *(a) | 3,326 | 332,367 | ||||||
Altisource Residential Corp. | 9,208 | 225,964 | ||||||
American Assets Trust, Inc. | 4,957 | 173,743 | ||||||
American Campus Communities, Inc. | 16,771 | 662,622 | ||||||
American Capital Agency Corp. | 63,474 | 1,501,160 | ||||||
American Capital Mortgage Investment Corp. | 10,643 | 219,033 | ||||||
American Homes 4 Rent, Class A | 10,877 | 194,481 | ||||||
American Realty Capital Properties, Inc. | 147,706 | 1,943,811 | ||||||
American Tower Corp. | 65,084 | 6,417,282 | ||||||
Annaly Capital Management, Inc. | 151,535 | 1,803,266 | ||||||
Anworth Mortgage Asset Corp. | 24,720 | 128,297 | ||||||
Apartment Investment & Management Co., Class A | 23,990 | 822,137 | ||||||
Apollo Commercial Real Estate Finance, Inc. | 6,280 | 105,630 | ||||||
Apollo Residential Mortgage, Inc. | 5,396 | 90,923 | ||||||
ARMOUR Residential REIT, Inc. | 62,503 | 264,388 | ||||||
Ashford Hospitality Prime, Inc. | 2,229 | 36,088 | ||||||
Ashford Hospitality Trust, Inc. | 11,992 | 138,987 | ||||||
Associated Estates Realty Corp. | 6,601 | 122,119 | ||||||
AvalonBay Communities, Inc. | 19,946 | 3,073,679 | ||||||
Aviv REIT, Inc. | 7,925 | 231,885 | ||||||
BioMed Realty Trust, Inc. | 30,699 | 689,193 | ||||||
Blackstone Mortgage Trust, Inc., Class A | 8,206 | 238,384 | ||||||
Boston Properties, Inc. | 25,483 | 3,094,146 | ||||||
Brandywine Realty Trust | 25,483 | 408,238 | ||||||
Brixmor Property Group, Inc. | 13,732 | 325,036 | ||||||
Camden Property Trust | 13,491 | 1,009,666 | ||||||
Capstead Mortgage Corp. | 17,988 | 237,801 | ||||||
CareTrust REIT, Inc. * | 2,052 | 35,848 | ||||||
CBL & Associates Properties, Inc. | 28,481 | 541,139 | ||||||
CBRE Group, Inc., Class A * | 49,684 | 1,578,958 | ||||||
Chambers Street Properties | 48,320 | 376,413 | ||||||
Chesapeake Lodging Trust | 11,349 | 349,663 | ||||||
Chimera Investment Corp. | 161,982 | 536,160 | ||||||
Colony Financial, Inc. | 14,519 | 325,516 | ||||||
Columbia Property Trust, Inc. | 20,116 | 516,378 | ||||||
CoreSite Realty Corp. | 2,998 | 105,140 | ||||||
Corporate Office Properties Trust | 12,528 | 355,545 | ||||||
Corrections Corp. of America | 19,875 | 708,345 | ||||||
Cousins Properties, Inc. | 27,588 | 350,092 | ||||||
Crown Castle International Corp. | 56,196 | 4,468,144 | ||||||
CubeSmart | 17,988 | 334,577 | ||||||
CyrusOne, Inc. | 6,112 | 159,156 | ||||||
CYS Investments, Inc. | 28,294 | 266,812 | ||||||
DCT Industrial Trust, Inc. | 50,966 | 405,180 | ||||||
DDR Corp. | 51,097 | 930,987 | ||||||
DiamondRock Hospitality Co. | 31,517 | 419,806 | ||||||
Digital Realty Trust, Inc. | 23,004 | 1,501,011 | ||||||
Douglas Emmett, Inc. | 20,986 | 599,570 | ||||||
Duke Realty Corp. | 51,185 | 952,041 | ||||||
DuPont Fabros Technology, Inc. | 10,493 | 295,483 | ||||||
EastGroup Properties, Inc. | 5,996 | 388,781 | ||||||
Education Realty Trust, Inc. | 17,988 | 195,889 | ||||||
Empire State Realty Trust, Inc., Class A | 13,588 | 223,387 | ||||||
EPR Properties | 8,207 | 467,060 | ||||||
Equity Commonwealth | 20,206 | 543,137 | ||||||
Equity Lifestyle Properties, Inc. | 14,990 | 684,893 | ||||||
Equity One, Inc. | 9,450 | 223,020 | ||||||
Equity Residential | 55,543 | 3,691,943 | ||||||
Essex Property Trust, Inc. | 10,690 | 2,067,980 | ||||||
Excel Trust, Inc. | 15,870 | 205,358 | ||||||
Extra Space Storage, Inc. | 18,272 | 962,934 | ||||||
Federal Realty Investment Trust | 10,493 | 1,309,317 | ||||||
FelCor Lodging Trust, Inc. | 20,986 | 216,995 | ||||||
First Industrial Realty Trust, Inc. | 14,990 | 272,818 | ||||||
First Potomac Realty Trust | 7,825 | 103,603 | ||||||
Forest City Enterprises, Inc., Class A * | 26,429 | 549,723 | ||||||
Forestar Group, Inc. * | 4,956 | 99,120 | ||||||
Franklin Street Properties Corp. | 13,491 | 163,916 | ||||||
Gaming & Leisure Properties, Inc. | 15,857 | 528,038 | ||||||
General Growth Properties, Inc. | 93,674 | 2,301,570 | ||||||
Getty Realty Corp. | 3,604 | 67,611 | ||||||
Glimcher Realty Trust | 22,485 | 252,507 | ||||||
Government Properties Income Trust | 12,558 | 301,643 | ||||||
Hatteras Financial Corp. | 15,590 | 310,241 | ||||||
HCP, Inc. | 73,916 | 3,202,780 | ||||||
Health Care REIT, Inc. | 50,419 | 3,407,316 | ||||||
Healthcare Realty Trust, Inc. | 13,797 | 344,373 | ||||||
Healthcare Trust of America, Inc., Class A | 29,294 | 364,710 | ||||||
Hersha Hospitality Trust | 24,262 | 164,739 | ||||||
Highwoods Properties, Inc. | 16,725 | 711,649 | ||||||
Home Properties, Inc. | 8,994 | 577,595 | ||||||
Hospitality Properties Trust | 25,050 | 737,221 | ||||||
Host Hotels & Resorts, Inc. | 122,499 | 2,795,427 | ||||||
Hudson Pacific Properties, Inc. | 15,344 | 411,986 | ||||||
Inland Real Estate Corp. | 12,280 | 127,835 | ||||||
Invesco Mortgage Capital, Inc. | 24,168 | 425,840 | ||||||
Investors Real Estate Trust | 13,765 | 117,415 | ||||||
iStar Financial, Inc. * | 12,016 | 178,798 | ||||||
Jones Lang LaSalle, Inc. | 7,495 | 1,001,407 | ||||||
Kennedy-Wilson Holdings, Inc. | 11,361 | 296,749 | ||||||
Kilroy Realty Corp. | 14,377 | 909,345 | ||||||
Kimco Realty Corp. | 67,455 | 1,584,518 | ||||||
Kite Realty Group Trust | 13,805 | 355,065 | ||||||
LaSalle Hotel Properties | 17,261 | 630,890 | ||||||
Lexington Realty Trust | 29,994 | 326,335 | ||||||
Liberty Property Trust | 24,232 | 858,297 | ||||||
LTC Properties, Inc. | 4,691 | 192,096 | ||||||
Mack-Cali Realty Corp. | 13,811 | 291,965 | ||||||
Medical Properties Trust, Inc. | 26,641 | 375,372 | ||||||
MFA Financial, Inc. | 58,461 | 493,411 | ||||||
Mid-America Apartment Communities, Inc. | 11,469 | 829,438 | ||||||
National Health Investors, Inc. | 4,722 | 304,616 | ||||||
National Retail Properties, Inc. | 20,156 | 748,594 | ||||||
New Residential Investment Corp. | 51,812 | 324,861 | ||||||
New York Mortgage Trust, Inc. | 13,530 | 107,969 | ||||||
New York REIT, Inc. (a) | 24,960 | 257,338 | ||||||
Newcastle Investment Corp. | 19,909 | 269,771 | ||||||
NorthStar Realty Finance Corp. | 30,329 | 561,390 |
See financial notes 13
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Omega Healthcare Investors, Inc. | 20,271 | 763,609 | ||||||
Parkway Properties, Inc. | 11,396 | 236,467 | ||||||
Pebblebrook Hotel Trust | 9,348 | 362,142 | ||||||
Pennsylvania Real Estate Investment Trust | 10,493 | 211,539 | ||||||
PennyMac Mortgage Investment Trust | 9,292 | 206,840 | ||||||
Piedmont Office Realty Trust, Inc., Class A | 29,980 | 584,310 | ||||||
Plum Creek Timber Co., Inc. | 29,365 | 1,193,100 | ||||||
Post Properties, Inc. | 8,994 | 494,850 | ||||||
Potlatch Corp. | 7,495 | 319,887 | ||||||
Prologis, Inc. | 82,619 | 3,382,422 | ||||||
PS Business Parks, Inc. | 3,276 | 267,125 | ||||||
Public Storage | 23,984 | 4,201,517 | ||||||
RAIT Financial Trust | 17,552 | 141,996 | ||||||
Ramco-Gershenson Properties Trust | 11,335 | 192,242 | ||||||
Rayonier, Inc. | 20,986 | 719,190 | ||||||
Realogy Holdings Corp. * | 24,871 | 1,013,991 | ||||||
Realty Income Corp. | 39,628 | 1,772,164 | ||||||
Redwood Trust, Inc. | 16,489 | 319,392 | ||||||
Regency Centers Corp. | 14,990 | 856,529 | ||||||
Resource Capital Corp. | 13,868 | 74,749 | ||||||
Retail Opportunity Investments Corp. | 14,265 | 225,958 | ||||||
Retail Properties of America, Inc., Class A | 39,454 | 624,162 | ||||||
RLJ Lodging Trust | 19,776 | 589,523 | ||||||
Rouse Properties, Inc. (a) | 6,204 | 108,446 | ||||||
Ryman Hospitality Properties, Inc. (a) | 8,244 | 410,139 | ||||||
Sabra Health Care REIT, Inc. | 6,040 | 172,019 | ||||||
Saul Centers, Inc. | 1,854 | 92,422 | ||||||
Select Income REIT | 8,304 | 231,682 | ||||||
Senior Housing Properties Trust | 33,405 | 779,339 | ||||||
Silver Bay Realty Trust Corp. | 7,081 | 118,040 | ||||||
Simon Property Group, Inc. | 51,746 | 8,798,372 | ||||||
SL Green Realty Corp. | 15,690 | 1,715,701 | ||||||
Sovran Self Storage, Inc. | 6,595 | 509,596 | ||||||
Spirit Realty Capital, Inc. | 67,735 | 799,950 | ||||||
STAG Industrial, Inc. | 9,036 | 211,713 | ||||||
Starwood Property Trust, Inc. | 33,829 | 806,822 | ||||||
Starwood Waypoint Residential Trust * | 6,697 | 185,373 | ||||||
Strategic Hotels & Resorts, Inc. * | 39,840 | 473,299 | ||||||
Summit Hotel Properties, Inc. | 15,870 | 173,777 | ||||||
Sun Communities, Inc. | 7,689 | 412,361 | ||||||
Sunstone Hotel Investors, Inc. | 30,905 | 450,286 | ||||||
Tanger Factory Outlet Centers, Inc. | 15,195 | 530,457 | ||||||
Taubman Centers, Inc. | 10,493 | 799,252 | ||||||
The Geo Group, Inc. | 13,563 | 507,527 | ||||||
The Howard Hughes Corp. * | 4,997 | 791,375 | ||||||
The Macerich Co. | 22,485 | 1,468,046 | ||||||
The St. Joe Co. * | 16,489 | 357,152 | ||||||
Two Harbors Investment Corp. | 57,546 | 616,893 | ||||||
UDR, Inc. | 40,826 | 1,221,514 | ||||||
Universal Health Realty Income Trust | 2,998 | 132,422 | ||||||
Ventas, Inc. | 48,268 | 3,175,069 | ||||||
Vornado Realty Trust | 28,761 | 3,044,927 | ||||||
Washington Prime Group, Inc. | 25,873 | 505,041 | ||||||
Washington REIT | 10,493 | 291,496 | ||||||
Weingarten Realty Investors | 20,986 | 718,141 | ||||||
Western Asset Mortgage Capital Corp. | 7,112 | 108,102 | ||||||
Weyerhaeuser Co. | 95,010 | 3,225,589 | ||||||
WP Carey, Inc. | 9,038 | 617,115 | ||||||
136,120,040 | ||||||||
Retailing 4.2% | ||||||||
Aaron’s, Inc. | 13,491 | 345,639 | ||||||
Abercrombie & Fitch Co., Class A | 11,027 | 460,929 | ||||||
Advance Auto Parts, Inc. | 12,006 | 1,637,859 | ||||||
Amazon.com, Inc. * | 61,548 | 20,867,234 | ||||||
American Eagle Outfitters, Inc. | 19,560 | 275,405 | ||||||
ANN, Inc. * | 9,111 | 377,560 | ||||||
Asbury Automotive Group, Inc. * | 4,823 | 336,067 | ||||||
Ascena Retail Group, Inc. * | 23,984 | 417,082 | ||||||
AutoNation, Inc. * | 10,551 | 572,392 | ||||||
AutoZone, Inc. * | 5,417 | 2,918,896 | ||||||
Barnes & Noble, Inc. * | 6,561 | 156,545 | ||||||
Bed Bath & Beyond, Inc. * | 36,048 | 2,316,444 | ||||||
Best Buy Co., Inc. | 43,817 | 1,397,324 | ||||||
Big Lots, Inc. | 10,621 | 492,283 | ||||||
Blue Nile, Inc. * | 1,752 | 49,757 | ||||||
Brown Shoe Co., Inc. | 9,006 | 268,739 | ||||||
Cabela’s, Inc. * | 7,777 | 474,553 | ||||||
CarMax, Inc. * | 37,475 | 1,963,690 | ||||||
Chico’s FAS, Inc. | 29,980 | 473,684 | ||||||
Conn’s, Inc. * | 4,180 | 187,389 | ||||||
Core-Mark Holding Co., Inc. | 2,998 | 144,384 | ||||||
CST Brands, Inc. | 12,693 | 442,224 | ||||||
Dick’s Sporting Goods, Inc. | 15,390 | 693,627 | ||||||
Dillard’s, Inc., Class A | 5,996 | 685,463 | ||||||
Dollar General Corp. * | 49,793 | 3,186,254 | ||||||
Dollar Tree, Inc. * | 34,106 | 1,828,934 | ||||||
DSW, Inc., Class A | 12,422 | 384,337 | ||||||
Expedia, Inc. | 17,487 | 1,502,133 | ||||||
Express, Inc. * | 13,983 | 242,465 | ||||||
Family Dollar Stores, Inc. | 15,468 | 1,234,810 | ||||||
Five Below, Inc. * | 6,172 | 250,336 | ||||||
Foot Locker, Inc. | 26,982 | 1,513,960 | ||||||
Francesca’s Holdings Corp. * | 7,850 | 109,900 | ||||||
Fred’s, Inc., Class A | 4,956 | 70,524 | ||||||
FTD Cos., Inc. * | 2,559 | 84,754 | ||||||
GameStop Corp., Class A | 19,875 | 838,725 | ||||||
Genesco, Inc. * | 4,497 | 356,612 | ||||||
Genuine Parts Co. | 25,483 | 2,235,878 | ||||||
GNC Holdings, Inc., Class A | 15,876 | 602,494 | ||||||
Group 1 Automotive, Inc. | 4,497 | 360,480 | ||||||
Groupon, Inc. * | 60,315 | 410,142 | ||||||
Guess?, Inc. | 9,445 | 221,391 | ||||||
Hibbett Sports, Inc. * | 3,592 | 163,185 | ||||||
HomeAway, Inc. * | 9,466 | 314,271 | ||||||
HSN, Inc. | 6,090 | 368,993 | ||||||
J.C. Penney Co., Inc. *(a) | 53,184 | 574,387 | ||||||
Kohl’s Corp. | 34,935 | 2,053,829 | ||||||
L Brands, Inc. | 39,168 | 2,500,877 | ||||||
Lands’ End, Inc. * | 1,556 | 53,651 | ||||||
Liberty Interactive Corp., Class A * | 84,567 | 2,496,418 | ||||||
Liberty TripAdvisor Holdings, Inc., Class A * | 12,164 | 435,106 |
14 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Liberty Ventures, Series A * | 12,164 | 463,327 | ||||||
Lithia Motors, Inc., Class A | 2,998 | 262,085 | ||||||
LKQ Corp. * | 48,368 | 1,373,651 | ||||||
Lowe’s Cos., Inc. | 164,927 | 8,660,317 | ||||||
Lumber Liquidators Holdings, Inc. * | 3,670 | 209,997 | ||||||
Macy’s, Inc. | 60,569 | 3,772,843 | ||||||
Mattress Firm Holding Corp. *(a) | 2,670 | 152,964 | ||||||
Monro Muffler Brake, Inc. | 4,707 | 243,587 | ||||||
Murphy USA, Inc. * | 7,769 | 423,177 | ||||||
Netflix, Inc. * | 9,694 | 4,630,242 | ||||||
Nordstrom, Inc. | 24,525 | 1,698,356 | ||||||
O’Reilly Automotive, Inc. * | 18,423 | 2,873,620 | ||||||
Office Depot, Inc. * | 82,839 | 424,136 | ||||||
Outerwall, Inc. *(a) | 4,570 | 269,310 | ||||||
Penske Automotive Group, Inc. | 6,350 | 304,610 | ||||||
PetSmart, Inc. | 18,131 | 1,297,636 | ||||||
Pier 1 Imports, Inc. | 17,988 | 283,491 | ||||||
Pool Corp. | 8,994 | 509,600 | ||||||
Rent-A-Center, Inc. | 9,259 | 257,956 | ||||||
Restoration Hardware Holdings, Inc. *(a) | 4,657 | 390,583 | ||||||
Ross Stores, Inc. | 37,683 | 2,842,052 | ||||||
Sally Beauty Holdings, Inc. * | 25,483 | 710,466 | ||||||
Sears Holdings Corp. *(a) | 7,798 | 271,370 | ||||||
Select Comfort Corp. * | 10,493 | 234,728 | ||||||
Shutterfly, Inc. * | 6,012 | 306,672 | ||||||
Signet Jewelers Ltd. | 13,491 | 1,590,184 | ||||||
Sonic Automotive, Inc., Class A | 7,505 | 185,374 | ||||||
Stage Stores, Inc. | 5,996 | 104,750 | ||||||
Staples, Inc. | 96,815 | 1,130,799 | ||||||
Target Corp. | 103,705 | 6,229,559 | ||||||
The Buckle, Inc. (a) | 4,497 | 221,162 | ||||||
The Cato Corp., Class A | 4,516 | 156,570 | ||||||
The Children’s Place, Inc. | 3,392 | 182,354 | ||||||
The Finish Line, Inc., Class A | 7,939 | 235,233 | ||||||
The Gap, Inc. | 42,880 | 1,978,912 | ||||||
The Home Depot, Inc. | 226,227 | 21,152,225 | ||||||
The Men’s Wearhouse, Inc. | 8,994 | 485,946 | ||||||
The Pep Boys-Manny, Moe & Jack * | 6,540 | 72,725 | ||||||
The Priceline Group, Inc. * | 8,639 | 10,749,594 | ||||||
The TJX Cos., Inc. | 120,166 | 7,163,095 | ||||||
Tiffany & Co. | 19,534 | 1,971,762 | ||||||
Tractor Supply Co. | 23,984 | 1,605,729 | ||||||
TripAdvisor, Inc. * | 18,062 | 1,789,764 | ||||||
Ulta Salon, Cosmetics & Fragrance, Inc. * | 10,493 | 1,021,074 | ||||||
Urban Outfitters, Inc. * | 18,330 | 729,351 | ||||||
Vitamin Shoppe, Inc. * | 5,996 | 234,983 | ||||||
Williams-Sonoma, Inc. | 13,885 | 913,216 | ||||||
155,121,152 | ||||||||
Semiconductors & Semiconductor Equipment 2.5% | ||||||||
Advanced Energy Industries, Inc. * | 5,056 | 97,328 | ||||||
Advanced Micro Devices, Inc. *(a) | 99,144 | 413,430 | ||||||
Altera Corp. | 53,964 | 1,907,088 | ||||||
Amkor Technology, Inc. * | 22,745 | 236,548 | ||||||
Analog Devices, Inc. | 51,644 | 2,640,041 | ||||||
Applied Materials, Inc. | 203,897 | 4,711,040 | ||||||
Applied Micro Circuits Corp. * | 10,695 | 90,587 | ||||||
Atmel Corp. * | 74,950 | 664,057 | ||||||
Avago Technologies Ltd. | 40,885 | 3,356,250 | ||||||
Broadcom Corp., Class A | 90,324 | 3,556,959 | ||||||
Brooks Automation, Inc. | 11,992 | 135,989 | ||||||
Cabot Microelectronics Corp. * | 4,497 | 192,921 | ||||||
Cavium, Inc. * | 7,681 | 431,519 | ||||||
Cirrus Logic, Inc. * | 12,093 | 292,409 | ||||||
Cree, Inc. * | 20,996 | 956,578 | ||||||
Cypress Semiconductor Corp. * | 23,465 | 259,288 | ||||||
Diodes, Inc. * | 5,996 | 152,598 | ||||||
Entegris, Inc. * | 22,485 | 272,968 | ||||||
Exar Corp. * | 7,925 | 79,012 | ||||||
Fairchild Semiconductor International, Inc. * | 20,081 | 352,422 | ||||||
First Solar, Inc. * | 11,457 | 798,324 | ||||||
Freescale Semiconductor Ltd. * | 16,086 | 338,610 | ||||||
GT Advanced Technologies, Inc. *(a) | 20,005 | 356,289 | ||||||
Integrated Device Technology, Inc. * | 23,049 | 379,156 | ||||||
Intel Corp. | 825,949 | 28,842,139 | ||||||
International Rectifier Corp. * | 11,992 | 472,485 | ||||||
Intersil Corp., Class A | 23,011 | 346,200 | ||||||
KLA-Tencor Corp. | 28,481 | 2,176,518 | ||||||
Kulicke & Soffa Industries, Inc. * | 13,491 | 198,183 | ||||||
Lam Research Corp. | 29,999 | 2,157,228 | ||||||
Lattice Semiconductor Corp. * | 18,712 | 140,527 | ||||||
Linear Technology Corp. | 37,628 | 1,697,399 | ||||||
Marvell Technology Group Ltd. | 66,752 | 928,520 | ||||||
Maxim Integrated Products, Inc. | 48,062 | 1,484,635 | ||||||
Micrel, Inc. | 7,660 | 95,980 | ||||||
Microchip Technology, Inc. | 31,479 | 1,537,120 | ||||||
Micron Technology, Inc. * | 173,020 | 5,640,452 | ||||||
Microsemi Corp. * | 16,489 | 439,267 | ||||||
MKS Instruments, Inc. | 8,994 | 305,256 | ||||||
Monolithic Power Systems, Inc. | 4,955 | 236,750 | ||||||
NVIDIA Corp. | 101,005 | 1,964,547 | ||||||
OmniVision Technologies, Inc. * | 9,234 | 250,334 | ||||||
ON Semiconductor Corp. * | 71,952 | 702,251 | ||||||
PMC-Sierra, Inc. * | 35,976 | 265,503 | ||||||
Power Integrations, Inc. | 4,525 | 270,504 | ||||||
Rambus, Inc. * | 17,988 | 223,231 | ||||||
RF Micro Devices, Inc. * | 58,461 | 729,009 | ||||||
Semtech Corp. * | 11,992 | 312,452 | ||||||
Silicon Image, Inc. * | 15,120 | 76,507 | ||||||
Silicon Laboratories, Inc. * | 7,495 | 339,748 | ||||||
Skyworks Solutions, Inc. | 31,479 | 1,783,600 | ||||||
Spansion, Inc., Class A * | 7,660 | 170,818 | ||||||
SunEdison, Inc. * | 40,527 | 892,810 | ||||||
SunPower Corp. * | 12,389 | 473,508 | ||||||
Synaptics, Inc. * | 5,996 | 492,272 | ||||||
Teradyne, Inc. | 29,980 | 617,288 | ||||||
Tessera Technologies, Inc. | 8,994 | 265,953 | ||||||
Texas Instruments, Inc. | 180,644 | 8,703,428 | ||||||
TriQuint Semiconductor, Inc. * | 26,982 | 557,583 | ||||||
Ultratech, Inc. * | 5,996 | 155,057 | ||||||
Veeco Instruments, Inc. * | 6,143 | 217,278 | ||||||
Xilinx, Inc. | 44,579 | 1,883,463 | ||||||
90,717,214 |
See financial notes 15
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Software & Services 9.9% | ||||||||
Accenture plc, Class A | 106,658 | 8,645,697 | ||||||
ACI Worldwide, Inc. * | 18,558 | 361,324 | ||||||
Activision Blizzard, Inc. | 79,993 | 1,883,035 | ||||||
Acxiom Corp. * | 14,990 | 277,990 | ||||||
Adobe Systems, Inc. * | 79,716 | 5,731,580 | ||||||
Advent Software, Inc. | 5,996 | 193,731 | ||||||
Akamai Technologies, Inc. * | 29,980 | 1,811,392 | ||||||
Alliance Data Systems Corp. * | 8,642 | 2,287,019 | ||||||
Amdocs Ltd. | 26,071 | 1,227,944 | ||||||
ANSYS, Inc. * | 15,137 | 1,230,638 | ||||||
AOL, Inc. * | 16,547 | 715,161 | ||||||
Aspen Technology, Inc. * | 15,143 | 622,226 | ||||||
Autodesk, Inc. * | 37,475 | 2,010,159 | ||||||
Automatic Data Processing, Inc. | 79,641 | 6,648,431 | ||||||
Bankrate, Inc. * | 5,155 | 72,376 | ||||||
Blackbaud, Inc. | 10,493 | 408,073 | ||||||
Blackhawk Network Holdings, Inc., Class B * | 6,666 | 183,115 | ||||||
Blucora, Inc. * | 6,208 | 96,721 | ||||||
Booz Allen Hamilton Holding Corp. | 8,252 | 183,029 | ||||||
Bottomline Technologies (de), Inc. * | 7,495 | 211,059 | ||||||
Broadridge Financial Solutions, Inc. | 21,007 | 893,638 | ||||||
BroadSoft, Inc. * | 4,497 | 107,298 | ||||||
CA, Inc. | 55,916 | 1,579,068 | ||||||
CACI International, Inc., Class A * | 4,497 | 324,324 | ||||||
Cadence Design Systems, Inc. * | 50,283 | 886,992 | ||||||
Cardtronics, Inc. * | 7,495 | 266,072 | ||||||
Cass Information Systems, Inc. | 1,739 | 81,594 | ||||||
Citrix Systems, Inc. * | 30,303 | 2,129,089 | ||||||
Cognizant Technology Solutions Corp., Class A * | 100,973 | 4,617,495 | ||||||
CommVault Systems, Inc. * | 7,495 | 413,274 | ||||||
Computer Sciences Corp. | 25,483 | 1,523,629 | ||||||
Compuware Corp. | 38,974 | 364,407 | ||||||
comScore, Inc. * | 5,178 | 198,369 | ||||||
Comverse, Inc. * | 3,269 | 80,712 | ||||||
Concur Technologies, Inc. * | 7,495 | 752,348 | ||||||
Constant Contact, Inc. * | 5,549 | 172,962 | ||||||
Convergys Corp. | 20,986 | 402,931 | ||||||
Conversant, Inc. * | 13,491 | 371,542 | ||||||
CoreLogic, Inc. * | 16,930 | 478,611 | ||||||
Cornerstone OnDemand, Inc. * | 7,575 | 283,608 | ||||||
CoStar Group, Inc. * | 4,497 | 650,941 | ||||||
CSG Systems International, Inc. | 5,996 | 166,209 | ||||||
Dealertrack Technologies, Inc. * | 6,996 | 313,141 | ||||||
Demandware, Inc. * | 4,736 | 251,718 | ||||||
Dice Holdings, Inc. * | 9,012 | 76,512 | ||||||
Digital River, Inc. * | 6,601 | 100,797 | ||||||
DST Systems, Inc. | 5,996 | 556,489 | ||||||
eBay, Inc. * | 193,444 | 10,736,142 | ||||||
Electronic Arts, Inc. * | 53,964 | 2,041,998 | ||||||
Ellie Mae, Inc. * | 2,052 | 73,462 | ||||||
Envestnet, Inc. * | 4,953 | 227,888 | ||||||
EPAM Systems, Inc. * | 3,504 | 131,926 | ||||||
Epiq Systems, Inc. | 5,056 | 73,565 | ||||||
Equinix, Inc. * | 8,174 | 1,784,057 | ||||||
Euronet Worldwide, Inc. * | 8,994 | 479,380 | ||||||
EVERTEC, Inc. | 9,052 | 208,468 | ||||||
ExlService Holdings, Inc. * | 4,497 | 122,633 | ||||||
Facebook, Inc., Class A * | 284,400 | 21,278,808 | ||||||
FactSet Research Systems, Inc. | 7,495 | 954,863 | ||||||
Fair Isaac Corp. | 4,953 | 288,116 | ||||||
Fidelity National Information Services, Inc. | 49,907 | 2,832,222 | ||||||
FireEye, Inc. * | 5,054 | 157,382 | ||||||
Fiserv, Inc. * | 44,998 | 2,901,021 | ||||||
FleetCor Technologies, Inc. * | 12,153 | 1,746,265 | ||||||
Forrester Research, Inc. | 1,952 | 75,855 | ||||||
Fortinet, Inc. * | 21,064 | 543,662 | ||||||
Gartner, Inc. * | 14,990 | 1,118,104 | ||||||
Genpact Ltd. * | 21,439 | 373,039 | ||||||
Global Cash Access Holdings, Inc. * | 10,564 | 82,505 | ||||||
Global Eagle Entertainment, Inc. * | 15,280 | 192,834 | ||||||
Global Payments, Inc. | 12,534 | 911,472 | ||||||
Gogo, Inc. *(a) | 3,684 | 62,370 | ||||||
Google, Inc., Class A * | 46,741 | 27,220,089 | ||||||
Google, Inc., Class C * | 46,941 | 26,831,476 | ||||||
Guidewire Software, Inc. * | 11,030 | 502,416 | ||||||
Heartland Payment Systems, Inc. | 5,096 | 243,436 | ||||||
IAC/InterActiveCorp | 13,491 | 938,839 | ||||||
iGATE Corp. * | 6,447 | 241,247 | ||||||
Infoblox, Inc. * | 8,110 | 109,080 | ||||||
Informatica Corp. * | 17,089 | 581,966 | ||||||
Interactive Intelligence Group, Inc. * | 1,952 | 83,565 | ||||||
International Business Machines Corp. | 157,475 | 30,282,442 | ||||||
Intuit, Inc. | 48,540 | 4,037,557 | ||||||
j2 Global, Inc. | 7,616 | 407,075 | ||||||
Jack Henry & Associates, Inc. | 14,990 | 866,572 | ||||||
Leidos Holdings, Inc. | 11,385 | 428,645 | ||||||
LinkedIn Corp., Class A * | 15,795 | 3,565,721 | ||||||
LogMeIn, Inc. * | 3,452 | 145,951 | ||||||
Manhattan Associates, Inc. * | 17,988 | 519,493 | ||||||
ManTech International Corp., Class A | 7,640 | 221,407 | ||||||
MasterCard, Inc., Class A | 168,339 | 12,761,780 | ||||||
MAXIMUS, Inc. | 9,832 | 405,078 | ||||||
Mentor Graphics Corp. | 15,902 | 346,823 | ||||||
MICROS Systems, Inc. * | 13,491 | 916,983 | ||||||
Microsoft Corp. | 1,248,510 | 56,719,809 | ||||||
MicroStrategy, Inc., Class A * | 1,499 | 208,256 | ||||||
Monotype Imaging Holdings, Inc. | 5,996 | 176,222 | ||||||
Monster Worldwide, Inc. * | 16,320 | 94,166 | ||||||
NetScout Systems, Inc. * | 5,009 | 230,765 | ||||||
NetSuite, Inc. * | 4,544 | 398,236 | ||||||
NeuStar, Inc., Class A * | 9,108 | 268,595 | ||||||
NIC, Inc. | 8,994 | 168,548 | ||||||
Nuance Communications, Inc. * | 39,613 | 673,817 | ||||||
Oracle Corp. | 571,843 | 23,748,640 | ||||||
Pandora Media, Inc. * | 27,130 | 733,595 | ||||||
Paychex, Inc. | 53,964 | 2,247,601 | ||||||
Pegasystems, Inc. | 6,240 | 138,528 | ||||||
Progress Software Corp. * | 9,472 | 219,372 | ||||||
Proofpoint, Inc. * | 4,756 | 189,669 | ||||||
PROS Holdings, Inc. * | 3,504 | 89,667 | ||||||
PTC, Inc. * | 19,714 | 762,735 | ||||||
Qlik Technologies, Inc. * | 14,648 | 413,513 |
16 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
QuinStreet, Inc. * | 9,012 | 43,167 | ||||||
Rackspace Hosting, Inc. * | 17,988 | 622,385 | ||||||
RealPage, Inc. * | 8,488 | 136,827 | ||||||
Red Hat, Inc. * | 31,479 | 1,917,701 | ||||||
Rovi Corp. * | 18,326 | 423,880 | ||||||
Sabre Corp. | 8,090 | 147,481 | ||||||
Salesforce.com, Inc. * | 93,297 | 5,512,920 | ||||||
Sapient Corp. * | 17,057 | 247,497 | ||||||
Science Applications International Corp. | 6,506 | 300,057 | ||||||
ServiceNow, Inc. * | 16,057 | 981,564 | ||||||
Shutterstock, Inc. * | 1,742 | 123,334 | ||||||
SolarWinds, Inc. * | 9,571 | 409,543 | ||||||
Solera Holdings, Inc. | 10,893 | 664,037 | ||||||
Splunk, Inc. * | 14,550 | 784,972 | ||||||
SPS Commerce, Inc. * | 2,385 | 133,417 | ||||||
SS&C Technologies Holdings, Inc. * | 9,746 | 441,104 | ||||||
Sykes Enterprises, Inc. * | 6,508 | 136,278 | ||||||
Symantec Corp. | 119,004 | 2,889,417 | ||||||
Synchronoss Technologies, Inc. * | 5,996 | 264,843 | ||||||
Synopsys, Inc. * | 24,237 | 991,293 | ||||||
Syntel, Inc. * | 1,909 | 170,607 | ||||||
Tableau Software, Inc., Class A * | 5,586 | 365,827 | ||||||
Take-Two Interactive Software, Inc. * | 14,990 | 352,415 | ||||||
Tangoe, Inc. * | 4,856 | 67,596 | ||||||
TeleTech Holdings, Inc. * | 6,066 | 162,872 | ||||||
Teradata Corp. * | 26,487 | 1,209,661 | ||||||
The Ultimate Software Group, Inc. * | 4,497 | 661,014 | ||||||
The Western Union Co. | 88,332 | 1,543,160 | ||||||
TIBCO Software, Inc. * | 24,572 | 512,080 | ||||||
TiVo, Inc. * | 22,485 | 316,814 | ||||||
Total System Services, Inc. | 26,018 | 818,526 | ||||||
Trulia, Inc. *(a) | 6,232 | 384,078 | ||||||
Twitter, Inc. * | 13,088 | 651,128 | ||||||
Tyler Technologies, Inc. * | 5,996 | 534,004 | ||||||
Unisys Corp. * | 7,495 | 175,458 | ||||||
United Online, Inc. | 1,918 | 24,493 | ||||||
Vantiv, Inc., Class A * | 24,247 | 758,446 | ||||||
VeriFone Systems, Inc. * | 20,381 | 711,705 | ||||||
Verint Systems, Inc. * | 8,166 | 409,362 | ||||||
VeriSign, Inc. * | 24,118 | 1,376,535 | ||||||
Virtusa Corp. * | 3,604 | 122,716 | ||||||
Visa, Inc., Class A | 83,115 | 17,663,600 | ||||||
VMware, Inc., Class A * | 13,683 | 1,348,870 | ||||||
Web.com Group, Inc. * | 5,996 | 113,624 | ||||||
WebMD Health Corp. * | 7,907 | 382,303 | ||||||
WEX, Inc. * | 6,143 | 698,152 | ||||||
Workday, Inc., Class A * | 5,003 | 455,623 | ||||||
Xerox Corp. | 181,457 | 2,505,921 | ||||||
Yahoo! Inc. * | 159,349 | 6,136,530 | ||||||
Yelp, Inc. * | 9,453 | 779,116 | ||||||
Zillow, Inc., Class A * | 3,494 | 501,249 | ||||||
Zynga, Inc., Class A * | 99,682 | 288,579 | ||||||
360,755,663 | ||||||||
Technology Hardware & Equipment 6.2% | ||||||||
3D Systems Corp. *(a) | 17,528 | 937,923 | ||||||
ADTRAN, Inc. | 10,493 | 242,178 | ||||||
Amphenol Corp., Class A | 26,982 | 2,779,416 | ||||||
Anixter International, Inc. | 4,544 | 405,461 | ||||||
Apple, Inc. | 998,095 | 102,304,737 | ||||||
ARRIS Group, Inc. * | 22,485 | 688,266 | ||||||
Arrow Electronics, Inc. * | 17,130 | 1,066,342 | ||||||
Aruba Networks, Inc. * | 16,489 | 352,040 | ||||||
Avnet, Inc. | 25,483 | 1,134,248 | ||||||
AVX Corp. | 10,551 | 145,393 | ||||||
Badger Meter, Inc. | 1,985 | 103,379 | ||||||
Belden, Inc. | 8,994 | 657,192 | ||||||
Benchmark Electronics, Inc. * | 9,182 | 226,153 | ||||||
Black Box Corp. | 2,052 | 48,530 | ||||||
Brocade Communications Systems, Inc. | 75,315 | 794,573 | ||||||
CalAmp Corp. * | 6,540 | 126,091 | ||||||
CDW Corp. | 14,745 | 487,175 | ||||||
Checkpoint Systems, Inc. * | 7,925 | 109,761 | ||||||
Ciena Corp. * | 14,990 | 310,143 | ||||||
Cisco Systems, Inc. | 848,800 | 21,211,512 | ||||||
Cognex Corp. * | 14,990 | 629,280 | ||||||
Coherent, Inc. * | 4,497 | 289,922 | ||||||
CommScope Holding Co., Inc. * | 14,626 | 376,766 | ||||||
Comtech Telecommunications Corp. | 3,140 | 119,446 | ||||||
Corning, Inc. | 216,076 | 4,507,345 | ||||||
Cray, Inc. * | 5,155 | 145,423 | ||||||
Daktronics, Inc. | 7,760 | 102,122 | ||||||
Diebold, Inc. | 10,493 | 398,419 | ||||||
Dolby Laboratories, Inc., Class A * | 7,937 | 369,705 | ||||||
DTS, Inc. * | 3,104 | 74,155 | ||||||
EchoStar Corp., Class A * | 6,270 | 316,196 | ||||||
Electro Rent Corp. | 3,604 | 54,529 | ||||||
Electronics For Imaging, Inc. * | 7,495 | 330,080 | ||||||
EMC Corp. | 341,429 | 10,082,398 | ||||||
F5 Networks, Inc. * | 12,637 | 1,569,389 | ||||||
Fabrinet * | 6,008 | 97,270 | ||||||
FARO Technologies, Inc. * | 4,497 | 260,871 | ||||||
FEI Co. | 7,067 | 593,911 | ||||||
Finisar Corp. * | 14,990 | 304,447 | ||||||
FLIR Systems, Inc. | 25,483 | 861,071 | ||||||
Harmonic, Inc. * | 24,160 | 158,731 | ||||||
Harris Corp. | 18,282 | 1,305,152 | ||||||
Hewlett-Packard Co. | 312,792 | 11,886,096 | ||||||
II-VI, Inc. * | 12,012 | 167,688 | ||||||
Infinera Corp. * | 29,980 | 317,188 | ||||||
Ingram Micro, Inc., Class A * | 25,483 | 734,675 | ||||||
Insight Enterprises, Inc. * | 7,495 | 196,669 | ||||||
InterDigital, Inc. | 7,495 | 332,553 | ||||||
InvenSense, Inc. *(a) | 10,625 | 274,656 | ||||||
IPG Photonics Corp. * | 4,591 | 315,310 | ||||||
Itron, Inc. * | 5,996 | 253,151 | ||||||
Ixia * | 9,033 | 86,897 | ||||||
Jabil Circuit, Inc. | 32,978 | 711,665 | ||||||
JDS Uniphase Corp. * | 40,473 | 467,463 | ||||||
Juniper Networks, Inc. | 78,021 | 1,809,307 | ||||||
Knowles Corp. * | 13,855 | 456,107 | ||||||
Lexmark International, Inc., Class A | 10,169 | 514,145 | ||||||
Littelfuse, Inc. | 2,998 | 275,546 | ||||||
Measurement Specialties, Inc. * | 2,085 | 178,935 | ||||||
Methode Electronics, Inc. | 6,608 | 222,822 | ||||||
Motorola Solutions, Inc. | 38,624 | 2,294,266 |
See financial notes 17
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
MTS Systems Corp. | 1,930 | 137,184 | ||||||
National Instruments Corp. | 16,489 | 546,610 | ||||||
NCR Corp. * | 25,483 | 870,499 | ||||||
NetApp, Inc. | 54,040 | 2,278,326 | ||||||
NETGEAR, Inc. * | 5,996 | 199,187 | ||||||
Newport Corp. * | 6,108 | 115,258 | ||||||
OSI Systems, Inc. * | 3,045 | 212,419 | ||||||
Palo Alto Networks, Inc. * | 7,108 | 604,109 | ||||||
Park Electrochemical Corp. | 3,370 | 94,832 | ||||||
Plantronics, Inc. | 8,994 | 429,284 | ||||||
Plexus Corp. * | 5,039 | 207,556 | ||||||
Polycom, Inc. * | 22,615 | 299,649 | ||||||
QLogic Corp. * | 9,804 | 88,726 | ||||||
QUALCOMM, Inc. | 278,047 | 21,159,377 | ||||||
Quantum Corp. * | 46,712 | 58,390 | ||||||
Riverbed Technology, Inc. * | 26,456 | 498,431 | ||||||
Rofin-Sinar Technologies, Inc. * | 4,690 | 112,372 | ||||||
Rogers Corp. * | 1,985 | 119,457 | ||||||
SanDisk Corp. | 37,093 | 3,633,630 | ||||||
Sanmina Corp. * | 11,992 | 281,572 | ||||||
ScanSource, Inc. * | 3,574 | 137,813 | ||||||
Seagate Technology plc | 53,657 | 3,357,855 | ||||||
Sonus Networks, Inc. * | 42,489 | 160,184 | ||||||
Super Micro Computer, Inc. * | 6,040 | 147,920 | ||||||
SYNNEX Corp. * | 3,454 | 240,882 | ||||||
TE Connectivity Ltd. | 69,052 | 4,328,179 | ||||||
Tech Data Corp. * | 7,495 | 505,913 | ||||||
Trimble Navigation Ltd. * | 41,972 | 1,395,989 | ||||||
TTM Technologies, Inc. * | 9,559 | 73,126 | ||||||
Ubiquiti Networks, Inc. *(a) | 5,101 | 231,381 | ||||||
Universal Display Corp. * | 6,538 | 227,130 | ||||||
ViaSat, Inc. * | 7,495 | 426,765 | ||||||
Vishay Intertechnology, Inc. | 22,956 | 367,296 | ||||||
Western Digital Corp. | 35,171 | 3,622,965 | ||||||
Zebra Technologies Corp., Class A * | 8,994 | 701,802 | ||||||
226,444,348 | ||||||||
Telecommunication Services 2.2% | ||||||||
AT&T, Inc. | 858,408 | 30,009,944 | ||||||
Atlantic Tele-Network, Inc. | 2,998 | 175,803 | ||||||
CenturyLink, Inc. | 98,173 | 4,024,111 | ||||||
Cincinnati Bell, Inc. * | 34,910 | 128,120 | ||||||
Cogent Communications Holdings, Inc. | 7,495 | 259,777 | ||||||
Consolidated Communications Holdings, Inc. | 4,497 | 109,637 | ||||||
Frontier Communications Corp. | 163,391 | 1,111,059 | ||||||
General Communication, Inc., Class A * | 10,582 | 118,942 | ||||||
Globalstar, Inc. * | 40,486 | 161,134 | ||||||
Level 3 Communications, Inc. * | 26,982 | 1,213,111 | ||||||
Premiere Global Services, Inc. * | 10,493 | 138,193 | ||||||
SBA Communications Corp., Class A * | 21,267 | 2,345,537 | ||||||
Shenandoah Telecommunications Co. | 6,340 | 175,111 | ||||||
Spok Holdings, Inc. | 9,110 | 134,828 | ||||||
Sprint Corp. * | 141,526 | 793,961 | ||||||
T-Mobile US, Inc. * | 42,102 | 1,266,428 | ||||||
Telephone & Data Systems, Inc. | 19,487 | 513,287 | ||||||
tw telecom, Inc. * | 25,483 | 1,045,695 | ||||||
United States Cellular Corp. * | 2,998 | 113,084 | ||||||
Verizon Communications, Inc. | 684,790 | 34,116,238 | ||||||
Vonage Holdings Corp. * | 58,515 | 201,877 | ||||||
Windstream Holdings, Inc. (a) | 97,435 | 1,101,015 | ||||||
79,256,892 | ||||||||
Transportation 2.2% | ||||||||
Alaska Air Group, Inc. | 23,984 | 1,111,419 | ||||||
Allegiant Travel Co. | 2,998 | 368,334 | ||||||
AMERCO | 967 | 268,642 | ||||||
American Airlines Group, Inc. | 119,161 | 4,636,555 | ||||||
ArcBest Corp. | 4,846 | 173,971 | ||||||
Avis Budget Group, Inc. * | 20,549 | 1,387,263 | ||||||
C.H. Robinson Worldwide, Inc. | 24,744 | 1,689,025 | ||||||
Con-way, Inc. | 9,080 | 465,350 | ||||||
CSX Corp. | 166,911 | 5,159,219 | ||||||
Delta Air Lines, Inc. | 141,154 | 5,586,875 | ||||||
Expeditors International of Washington, Inc. | 34,477 | 1,423,900 | ||||||
FedEx Corp. | 45,939 | 6,793,459 | ||||||
Forward Air Corp. | 5,996 | 277,555 | ||||||
Genesee & Wyoming, Inc., Class A * | 7,495 | 736,983 | ||||||
Hawaiian Holdings, Inc. * | 9,858 | 153,785 | ||||||
Heartland Express, Inc. | 8,000 | 187,600 | ||||||
Hertz Global Holdings, Inc. * | 73,751 | 2,179,342 | ||||||
Hub Group, Inc., Class A * | 6,124 | 266,333 | ||||||
J.B. Hunt Transport Services, Inc. | 15,728 | 1,188,250 | ||||||
JetBlue Airways Corp. * | 46,469 | 568,316 | ||||||
Kansas City Southern | 18,012 | 2,077,864 | ||||||
Kirby Corp. * | 8,994 | 1,072,894 | ||||||
Knight Transportation, Inc. | 7,495 | 189,998 | ||||||
Landstar System, Inc. | 8,994 | 610,378 | ||||||
Matson, Inc. | 7,495 | 202,290 | ||||||
Norfolk Southern Corp. | 52,529 | 5,620,603 | ||||||
Old Dominion Freight Line, Inc. * | 11,051 | 736,770 | ||||||
Roadrunner Transportation Systems, Inc. * | 3,504 | 88,231 | ||||||
Ryder System, Inc. | 8,994 | 812,518 | ||||||
Saia, Inc. * | 6,812 | 323,366 | ||||||
SkyWest, Inc. | 7,930 | 71,132 | ||||||
Southwest Airlines Co. | 115,758 | 3,705,414 | ||||||
Spirit Airlines, Inc. * | 14,204 | 999,820 | ||||||
Swift Transportation Co. * | 18,537 | 392,614 | ||||||
Union Pacific Corp. | 150,094 | 15,800,395 | ||||||
United Continental Holdings, Inc. * | 60,142 | 2,863,361 | ||||||
United Parcel Service, Inc., Class B | 116,348 | 11,324,151 | ||||||
Werner Enterprises, Inc. | 6,584 | 163,942 | ||||||
Wesco Aircraft Holdings, Inc. * | 7,771 | 142,520 | ||||||
XPO Logistics, Inc. * | 8,450 | 261,696 | ||||||
82,082,133 | ||||||||
Utilities 3.0% | ||||||||
AES Corp. | 105,341 | 1,599,076 | ||||||
AGL Resources, Inc. | 18,585 | 990,766 | ||||||
ALLETE, Inc. | 7,495 | 364,782 | ||||||
Alliant Energy Corp. | 17,988 | 1,052,118 | ||||||
Ameren Corp. | 39,432 | 1,576,886 |
18 See financial notes
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
American Electric Power Co., Inc. | 80,946 | 4,346,800 | ||||||
American States Water Co. | 5,996 | 193,671 | ||||||
American Water Works Co., Inc. | 28,484 | 1,441,575 | ||||||
Aqua America, Inc. | 27,804 | 695,378 | ||||||
Atmos Energy Corp. | 18,046 | 912,406 | ||||||
Avista Corp. | 11,992 | 389,260 | ||||||
Black Hills Corp. | 6,520 | 350,320 | ||||||
California Water Service Group | 6,384 | 155,514 | ||||||
Calpine Corp. * | 64,463 | 1,532,285 | ||||||
CenterPoint Energy, Inc. | 69,513 | 1,726,703 | ||||||
Chesapeake Utilities Corp. | 2,170 | 149,665 | ||||||
Cleco Corp. | 9,394 | 530,009 | ||||||
CMS Energy Corp. | 44,970 | 1,373,384 | ||||||
Connecticut Water Service, Inc. | 3,252 | 107,153 | ||||||
Consolidated Edison, Inc. | 47,968 | 2,776,868 | ||||||
Dominion Resources, Inc. | 97,773 | 6,865,620 | ||||||
DTE Energy Co. | 29,165 | 2,282,161 | ||||||
Duke Energy Corp. | 117,517 | 8,695,083 | ||||||
Dynegy, Inc. * | 16,721 | 546,442 | ||||||
Edison International | 52,971 | 3,132,705 | ||||||
El Paso Electric Co. | 7,495 | 294,853 | ||||||
Entergy Corp. | 29,980 | 2,320,752 | ||||||
Exelon Corp. | 141,286 | 4,721,778 | ||||||
FirstEnergy Corp. | 69,034 | 2,363,724 | ||||||
Great Plains Energy, Inc. | 24,490 | 628,658 | ||||||
Hawaiian Electric Industries, Inc. (a) | 14,990 | 380,596 | ||||||
IDACORP, Inc. | 8,994 | 510,140 | ||||||
Integrys Energy Group, Inc. | 12,392 | 841,293 | ||||||
ITC Holdings Corp. | 29,525 | 1,102,759 | ||||||
MDU Resources Group, Inc. | 30,486 | 954,517 | ||||||
MGE Energy, Inc. | 4,989 | 200,707 | ||||||
Middlesex Water Co. | 3,270 | 67,133 | ||||||
National Fuel Gas Co. | 13,577 | 1,037,826 | ||||||
New Jersey Resources Corp. | 7,495 | 391,464 | ||||||
NextEra Energy, Inc. | 72,366 | 7,124,433 | ||||||
NiSource, Inc. | 50,207 | 1,991,712 | ||||||
Northeast Utilities | 51,585 | 2,367,236 | ||||||
Northwest Natural Gas Co. | 5,996 | 272,578 | ||||||
NorthWestern Corp. | 5,996 | 289,487 | ||||||
NRG Energy, Inc. | 56,854 | 1,749,966 | ||||||
NRG Yield, Inc., Class A | 6,278 | 341,460 | ||||||
OGE Energy Corp. | 30,980 | 1,162,370 | ||||||
ONE Gas, Inc. | 8,434 | 315,685 | ||||||
Ormat Technologies, Inc. | 6,411 | 176,495 | ||||||
Otter Tail Corp. | 4,853 | 138,262 | ||||||
Pattern Energy Group, Inc. | 6,312 | 203,467 | ||||||
Pepco Holdings, Inc. | 42,264 | 1,164,796 | ||||||
PG&E Corp. | 76,463 | 3,554,000 | ||||||
Piedmont Natural Gas Co., Inc. | 11,093 | 414,878 | ||||||
Pinnacle West Capital Corp. | 17,988 | 1,024,417 | ||||||
PNM Resources, Inc. | 13,491 | 353,599 | ||||||
Portland General Electric Co. | 11,992 | 413,364 | ||||||
PPL Corp. | 108,216 | 3,747,520 | ||||||
Public Service Enterprise Group, Inc. | 83,944 | 3,138,666 | ||||||
Questar Corp. | 28,634 | 673,185 | ||||||
SCANA Corp. | 24,036 | 1,248,430 | ||||||
Sempra Energy | 37,475 | 3,971,226 | ||||||
SJW Corp. | 6,861 | 187,580 | ||||||
South Jersey Industries, Inc. | 5,996 | 347,468 | ||||||
Southwest Gas Corp. | 7,495 | 391,314 | ||||||
TECO Energy, Inc. | 38,791 | 702,117 | ||||||
The Empire District Electric Co. (a) | 6,352 | 164,199 | ||||||
The Laclede Group, Inc. | 7,935 | 392,386 | ||||||
The Southern Co. | 147,564 | 6,551,842 | ||||||
UGI Corp. | 17,988 | 953,004 | ||||||
UIL Holdings Corp. | 9,495 | 353,689 | ||||||
Unitil Corp. | 4,957 | 161,549 | ||||||
Vectren Corp. | 13,491 | 556,234 | ||||||
Westar Energy, Inc. | 19,973 | 737,603 | ||||||
WGL Holdings, Inc. | 8,994 | 391,149 | ||||||
Wisconsin Energy Corp. | 38,974 | 1,766,691 | ||||||
Xcel Energy, Inc. | 82,499 | 2,644,093 | ||||||
111,740,980 | ||||||||
Total Common Stock | ||||||||
(Cost $2,788,904,595) | 3,644,576,745 | |||||||
Other Investment Companies 0.5% of net assets | ||||||||
Money Market Fund 0.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (e) | 2,472,527 | 2,472,527 | ||||||
Securities Lending Collateral 0.4% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (e) | 16,438,020 | 16,438,020 | ||||||
Total Other Investment Companies | ||||||||
(Cost $18,910,547) | 18,910,547 | |||||||
Rights 0.0% of net assets | ||||||||
Telecommunication Services 0.0% | ||||||||
Contra Leap Wireless CVR *(c)(d) | 8,528 | 21,491 | ||||||
Total Rights | ||||||||
(Cost $21,491) | 21,491 | |||||||
Face | ||||||||
Security | Amount | Value | ||||||
Rate, Maturity Date | ($) | ($) | ||||||
Short-Term Investments 0.0% of net assets | ||||||||
U.S. Treasury Obligations 0.0% | ||||||||
U.S. Treasury Bills | ||||||||
0.01%, 09/18/14 (f)(g) | 100,000 | 99,999 | ||||||
0.03%, 09/18/14 (f)(g) | 75,000 | 74,999 | ||||||
Total Short-Term Investments | ||||||||
(Cost $174,998) | 174,998 | |||||||
End of Investments |
See financial notes 19
Table of Contents
Schwab U.S. Broad Market ETF
Portfolio Holdings continued
At 08/31/14, the tax basis cost of the fund’s investments was $2,808,455,447 and the unrealized appreciation and depreciation were $871,220,916 and ($15,992,582), respectively, with a net unrealized appreciation of $855,228,334.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $17,065,535. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | Illiquid security. At the period end, the value of these amounted to $21,491 or 0.0% of net assets. | |
(d) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(e) | The rate shown is the 7-day yield. | |
(f) | The rate shown is the purchase yield. | |
(g) | All or a portion of this security is held as collateral for open futures contracts. |
CVR — | Contingent Value Rights | |
ETF — | Exchange Traded Fund | |
REIT — | Real Estate Investment Trust |
In addition to the above, the fund held the following at 08/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Appreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
S&P 500 Index, e-mini, Long, expires 09/19/14 | 35 | 3,502,450 | 19,758 |
20 See financial notes
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .7% | Common Stock | 2,468,449,443 | 3,183,461,956 | ||||||||
0 | .3% | Other Investment Companies | 8,789,999 | 8,859,615 | ||||||||
0 | .0% | Short-Term Investment | 100,000 | 100,000 | ||||||||
100 | .0% | Total Investments | 2,477,339,442 | 3,192,421,571 | ||||||||
(0 | .0)% | Other Assets and Liabilities, Net | (777,093 | ) | ||||||||
100 | .0% | Net Assets | 3,191,644,478 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 99.7% of net assets | ||||||||
Automobiles & Components 1.3% | ||||||||
Autoliv, Inc. | 15,505 | 1,607,714 | ||||||
BorgWarner, Inc. | 36,476 | 2,268,442 | ||||||
Delphi Automotive plc | 45,393 | 3,158,445 | ||||||
Ford Motor Co. | 643,119 | 11,196,702 | ||||||
General Motors Co. | 216,078 | 7,519,514 | ||||||
Harley-Davidson, Inc. | 35,961 | 2,285,681 | ||||||
Johnson Controls, Inc. | 110,497 | 5,393,359 | ||||||
Lear Corp. | 12,843 | 1,298,813 | ||||||
Tesla Motors, Inc. * | 13,702 | 3,695,429 | ||||||
TRW Automotive Holdings Corp. * | 18,191 | 1,751,611 | ||||||
40,175,710 | ||||||||
Banks 5.6% | ||||||||
Bank of America Corp. | 1,722,056 | 27,707,881 | ||||||
BB&T Corp. | 117,726 | 4,394,712 | ||||||
BOK Financial Corp. | 3,000 | 202,140 | ||||||
CIT Group, Inc. | 32,822 | 1,574,143 | ||||||
Citigroup, Inc. | 495,497 | 25,592,420 | ||||||
Comerica, Inc. | 29,425 | 1,481,254 | ||||||
Cullen/Frost Bankers, Inc. | 8,303 | 652,616 | ||||||
Fifth Third Bancorp | 137,450 | 2,804,667 | ||||||
First Republic Bank | 19,538 | 955,408 | ||||||
Hudson City Bancorp, Inc. | 73,483 | 725,277 | ||||||
Huntington Bancshares, Inc. | 131,700 | 1,296,587 | ||||||
JPMorgan Chase & Co. | 620,892 | 36,912,029 | ||||||
KeyCorp | 146,648 | 1,995,879 | ||||||
M&T Bank Corp. (a) | 21,763 | 2,690,560 | ||||||
New York Community Bancorp, Inc. | 70,612 | 1,126,261 | ||||||
Ocwen Financial Corp. * | 18,638 | 520,746 | ||||||
People’s United Financial, Inc. | 50,704 | 758,025 | ||||||
Regions Financial Corp. | 234,297 | 2,378,115 | ||||||
SunTrust Banks, Inc. | 88,029 | 3,352,144 | ||||||
The PNC Financial Services Group, Inc. | 87,985 | 7,456,729 | ||||||
U.S. Bancorp | 295,943 | 12,512,470 | ||||||
Wells Fargo & Co. | 786,353 | 40,449,998 | ||||||
Zions Bancorp | 31,021 | 903,952 | ||||||
178,444,013 | ||||||||
Capital Goods 7.6% | ||||||||
3M Co. | 102,512 | 14,761,728 | ||||||
AGCO Corp. | 14,198 | 693,430 | ||||||
Allison Transmission Holdings, Inc. | 26,774 | 821,426 | ||||||
AMETEK, Inc. | 39,457 | 2,088,854 | ||||||
B/E Aerospace, Inc. * | 15,427 | 1,307,284 | ||||||
Carlisle Cos., Inc. | 9,781 | 810,845 | ||||||
Caterpillar, Inc. | 101,702 | 11,092,637 | ||||||
Chicago Bridge & Iron Co. N.V. | 18,308 | 1,161,093 | ||||||
Colfax Corp. * | 15,265 | 971,007 | ||||||
Cummins, Inc. | 28,130 | 4,081,944 | ||||||
Danaher Corp. | 97,935 | 7,502,800 | ||||||
Deere & Co. | 59,955 | 5,041,616 | ||||||
Donaldson Co., Inc. | 21,564 | 902,669 | ||||||
Dover Corp. | 27,164 | 2,386,901 | ||||||
Eaton Corp. plc | 77,575 | 5,415,511 | ||||||
Emerson Electric Co. | 114,872 | 7,354,105 | ||||||
Fastenal Co. | 44,126 | 1,998,025 | ||||||
Flowserve Corp. | 22,050 | 1,673,374 | ||||||
Fluor Corp. | 26,642 | 1,968,577 | ||||||
Fortune Brands Home & Security, Inc. | 27,103 | 1,171,121 | ||||||
General Dynamics Corp. | 52,632 | 6,486,894 | ||||||
General Electric Co. | 1,638,419 | 42,566,126 | ||||||
Honeywell International, Inc. | 127,967 | 12,186,297 | ||||||
Hubbell, Inc., Class B | 8,549 | 1,033,574 | ||||||
IDEX Corp. | 12,654 | 973,599 | ||||||
Illinois Tool Works, Inc. | 63,243 | 5,578,665 | ||||||
Ingersoll-Rand plc | 43,427 | 2,614,305 | ||||||
Jacobs Engineering Group, Inc. * | 21,511 | 1,159,658 | ||||||
Joy Global, Inc. | 17,290 | 1,091,864 | ||||||
KBR, Inc. | 23,940 | 527,159 | ||||||
L-3 Communications Holdings, Inc. | 14,002 | 1,539,520 | ||||||
Lincoln Electric Holdings, Inc. | 13,300 | 945,630 | ||||||
Lockheed Martin Corp. | 44,026 | 7,660,524 | ||||||
Masco Corp. | 58,528 | 1,373,652 | ||||||
MSC Industrial Direct Co., Inc., Class A | 7,540 | 679,656 | ||||||
Nordson Corp. | 9,595 | 777,771 | ||||||
Northrop Grumman Corp. | 35,508 | 4,517,328 | ||||||
Oshkosh Corp. | 13,691 | 680,169 | ||||||
Owens Corning | 16,803 | 604,908 | ||||||
PACCAR, Inc. | 57,190 | 3,592,104 | ||||||
Pall Corp. | 17,916 | 1,511,573 | ||||||
Parker-Hannifin Corp. | 23,982 | 2,769,921 | ||||||
Pentair plc | 32,031 | 2,180,350 | ||||||
Precision Castparts Corp. | 23,980 | 5,852,559 | ||||||
Quanta Services, Inc. * | 35,173 | 1,278,187 | ||||||
Raytheon Co. | 51,319 | 4,944,072 | ||||||
Rockwell Automation, Inc. | 23,211 | 2,706,635 | ||||||
Rockwell Collins, Inc. | 21,606 | 1,663,230 | ||||||
Roper Industries, Inc. | 15,960 | 2,402,938 |
See financial notes 21
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Sensata Technologies Holding N.V. * | 26,819 | 1,318,690 | ||||||
Snap-on, Inc. | 9,316 | 1,164,034 | ||||||
SPX Corp. | 7,103 | 739,067 | ||||||
Stanley Black & Decker, Inc. | 25,554 | 2,338,191 | ||||||
Textron, Inc. | 45,290 | 1,721,020 | ||||||
The Boeing Co. | 109,171 | 13,842,883 | ||||||
The Timken Co. | 12,354 | 559,513 | ||||||
TransDigm Group, Inc. | 8,200 | 1,541,518 | ||||||
United Rentals, Inc. * | 17,039 | 2,004,638 | ||||||
United Technologies Corp. | 137,164 | 14,810,969 | ||||||
Valmont Industries, Inc. (a) | 4,211 | 592,698 | ||||||
Veritiv Corp. * | 7,845 | 349,259 | ||||||
W.W. Grainger, Inc. | 9,764 | 2,403,897 | ||||||
WABCO Holdings, Inc. * | 9,756 | 1,006,819 | ||||||
Wabtec Corp. | 15,537 | 1,295,164 | ||||||
Xylem, Inc. | 29,368 | 1,094,252 | ||||||
241,886,427 | ||||||||
Commercial & Professional Services 0.8% | ||||||||
Cintas Corp. | 16,344 | 1,080,992 | ||||||
Copart, Inc. * | 18,071 | 622,185 | ||||||
Equifax, Inc. | 19,498 | 1,535,662 | ||||||
IHS, Inc., Class A * | 9,749 | 1,388,940 | ||||||
Iron Mountain, Inc. | 25,712 | 925,118 | ||||||
Manpowergroup, Inc. | 12,368 | 959,509 | ||||||
Nielsen N.V. (a) | 49,352 | 2,319,050 | ||||||
Republic Services, Inc. | 43,384 | 1,706,293 | ||||||
Robert Half International, Inc. | 20,862 | 1,047,481 | ||||||
Rollins, Inc. | 12,337 | 367,026 | ||||||
Stericycle, Inc. * | 13,888 | 1,650,589 | ||||||
The ADT Corp. | 32,128 | 1,184,238 | ||||||
The Dun & Bradstreet Corp. | 6,721 | 788,911 | ||||||
Towers Watson & Co., Class A | 10,046 | 1,101,343 | ||||||
Tyco International Ltd. | 74,480 | 3,323,298 | ||||||
Verisk Analytics, Inc., Class A * | 24,075 | 1,545,374 | ||||||
Waste Connections, Inc. | 21,606 | 1,059,990 | ||||||
Waste Management, Inc. | 69,901 | 3,283,250 | ||||||
25,889,249 | ||||||||
Consumer Durables & Apparel 1.4% | ||||||||
Carter’s, Inc. | 9,468 | 783,761 | ||||||
Coach, Inc. | 45,331 | 1,669,541 | ||||||
D.R. Horton, Inc. | 52,433 | 1,136,747 | ||||||
Fossil Group, Inc. * | 7,472 | 756,839 | ||||||
Garmin Ltd. | 19,521 | 1,060,576 | ||||||
Hanesbrands, Inc. | 16,280 | 1,671,630 | ||||||
Hasbro, Inc. | 18,620 | 980,436 | ||||||
Jarden Corp. * | 21,359 | 1,277,055 | ||||||
Leggett & Platt, Inc. | 22,610 | 793,385 | ||||||
Lennar Corp., Class A | 31,178 | 1,221,554 | ||||||
Lululemon Athletica, Inc. * | 16,642 | 664,515 | ||||||
Mattel, Inc. | 56,163 | 1,937,062 | ||||||
Michael Kors Holdings Ltd. * | 28,666 | 2,296,720 | ||||||
Mohawk Industries, Inc. * | 9,659 | 1,410,407 | ||||||
Newell Rubbermaid, Inc. | 47,219 | 1,582,781 | ||||||
NIKE, Inc., Class B | 120,761 | 9,485,777 | ||||||
NVR, Inc. * | 584 | 685,143 | ||||||
Polaris Industries, Inc. | 11,033 | 1,603,977 | ||||||
PulteGroup, Inc. | 57,276 | 1,100,845 | ||||||
PVH Corp. | 13,371 | 1,560,931 | ||||||
Ralph Lauren Corp. | 9,535 | 1,613,322 | ||||||
Toll Brothers, Inc. * | 24,609 | 875,834 | ||||||
Tupperware Brands Corp. | 7,494 | 549,010 | ||||||
Under Armour, Inc., Class A * | 24,756 | 1,692,320 | ||||||
VF Corp. | 56,292 | 3,609,443 | ||||||
Whirlpool Corp. | 12,540 | 1,918,871 | ||||||
43,938,482 | ||||||||
Consumer Services 1.9% | ||||||||
Aramark | 11,656 | 301,890 | ||||||
Burger King Worldwide, Inc. | 8,463 | 271,155 | ||||||
Carnival Corp. | 70,048 | 2,653,418 | ||||||
Chipotle Mexican Grill, Inc. * | 5,085 | 3,450,935 | ||||||
Darden Restaurants, Inc. | 20,402 | 965,423 | ||||||
Dunkin’ Brands Group, Inc. | 16,763 | 729,861 | ||||||
Extended Stay America, Inc. | 12,494 | 298,107 | ||||||
H&R Block, Inc. | 43,176 | 1,447,691 | ||||||
Hilton Worldwide Holdings, Inc. * | 48,851 | 1,236,907 | ||||||
Hyatt Hotels Corp., Class A * | 9,729 | 594,345 | ||||||
International Game Technology | 41,740 | 703,736 | ||||||
Las Vegas Sands Corp. | 62,046 | 4,126,680 | ||||||
Marriott International, Inc., Class A | 36,412 | 2,526,993 | ||||||
McDonald’s Corp. | 160,942 | 15,083,484 | ||||||
MGM Resorts International * | 53,505 | 1,309,267 | ||||||
Norwegian Cruise Line Holdings Ltd. * | 15,665 | 521,801 | ||||||
Panera Bread Co., Class A * | 4,466 | 669,632 | ||||||
Penn National Gaming, Inc. * | 33,482 | 378,012 | ||||||
Royal Caribbean Cruises Ltd. | 25,896 | 1,651,129 | ||||||
Starbucks Corp. | 122,985 | 9,569,463 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 31,044 | 2,624,460 | ||||||
Wyndham Worldwide Corp. | 21,376 | 1,730,173 | ||||||
Wynn Resorts Ltd. | 12,872 | 2,482,751 | ||||||
Yum! Brands, Inc. | 71,857 | 5,204,603 | ||||||
60,531,916 | ||||||||
Diversified Financials 4.9% | ||||||||
Affiliated Managers Group, Inc. * | 9,698 | 2,047,733 | ||||||
Ally Financial, Inc. * | 15,578 | 383,219 | ||||||
American Express Co. | 149,053 | 13,347,696 | ||||||
Ameriprise Financial, Inc. | 31,420 | 3,951,379 | ||||||
Berkshire Hathaway, Inc., Class B * | 295,102 | 40,502,750 | ||||||
BlackRock, Inc. | 20,224 | 6,684,639 | ||||||
Capital One Financial Corp. | 93,955 | 7,709,947 | ||||||
CME Group, Inc. | 50,587 | 3,872,435 | ||||||
Discover Financial Services | 77,685 | 4,845,213 | ||||||
Eaton Vance Corp. | 20,014 | 783,748 | ||||||
FNFV Group * | 14,759 | 221,090 | ||||||
Franklin Resources, Inc. | 65,196 | 3,684,878 | ||||||
Intercontinental Exchange, Inc. | 18,944 | 3,580,416 | ||||||
Invesco Ltd. | 70,024 | 2,859,780 | ||||||
Legg Mason, Inc. | 16,256 | 801,746 | ||||||
Leucadia National Corp. | 50,084 | 1,248,594 | ||||||
LPL Financial Holdings, Inc. | 12,702 | 618,460 | ||||||
McGraw Hill Financial, Inc. | 43,911 | 3,562,499 | ||||||
Moody’s Corp. | 31,453 | 2,943,057 | ||||||
Morgan Stanley | 228,469 | 7,838,771 | ||||||
MSCI, Inc. * | 20,466 | 944,301 |
22 See financial notes
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Navient Corp. | 69,759 | 1,251,477 | ||||||
Northern Trust Corp. | 36,218 | 2,511,718 | ||||||
Raymond James Financial, Inc. | 19,454 | 1,062,967 | ||||||
Santander Consumer USA Holdings, Inc. | 12,281 | 228,672 | ||||||
SEI Investments Co. | 23,284 | 882,347 | ||||||
SLM Corp. | 69,759 | 618,065 | ||||||
State Street Corp. | 69,612 | 5,014,152 | ||||||
T. Rowe Price Group, Inc. | 42,910 | 3,475,495 | ||||||
TD Ameritrade Holding Corp. | 37,842 | 1,252,949 | ||||||
The Bank of New York Mellon Corp. | 184,870 | 7,243,207 | ||||||
The Charles Schwab Corp. (b) | 191,618 | 5,463,029 | ||||||
The Goldman Sachs Group, Inc. | 68,709 | 12,306,469 | ||||||
The NASDAQ OMX Group, Inc. | 20,678 | 898,873 | ||||||
Voya Financial, Inc. | 22,283 | 871,043 | ||||||
155,512,814 | ||||||||
Energy 10.1% | ||||||||
Anadarko Petroleum Corp. | 81,834 | 9,221,873 | ||||||
Antero Resources Corp. * | 5,753 | 332,811 | ||||||
Apache Corp. | 63,074 | 6,422,825 | ||||||
Baker Hughes, Inc. | 70,795 | 4,894,766 | ||||||
Cabot Oil & Gas Corp. | 69,201 | 2,321,001 | ||||||
Cameron International Corp. * | 33,280 | 2,473,702 | ||||||
Cheniere Energy, Inc. * | 35,409 | 2,841,926 | ||||||
Chesapeake Energy Corp. | 80,641 | 2,193,435 | ||||||
Chevron Corp. | 310,477 | 40,191,248 | ||||||
Cimarex Energy Co. | 13,743 | 1,994,934 | ||||||
Cobalt International Energy, Inc. * | 47,337 | 726,623 | ||||||
Concho Resources, Inc. * | 17,928 | 2,546,493 | ||||||
ConocoPhillips | 200,455 | 16,280,955 | ||||||
CONSOL Energy, Inc. | 35,999 | 1,450,040 | ||||||
Continental Resources, Inc. * | 6,814 | 1,099,030 | ||||||
Core Laboratories N.V. | 7,084 | 1,119,201 | ||||||
CVR Energy, Inc. (a) | 5,521 | 274,007 | ||||||
Denbury Resources, Inc. | 59,045 | 1,016,755 | ||||||
Devon Energy Corp. | 61,615 | 4,647,003 | ||||||
Diamond Offshore Drilling, Inc. (a) | 10,940 | 480,704 | ||||||
Dresser-Rand Group, Inc. * | 12,088 | 837,698 | ||||||
Ensco plc, Class A | 37,264 | 1,881,087 | ||||||
EOG Resources, Inc. | 90,444 | 9,937,987 | ||||||
EQT Corp. | 23,940 | 2,371,496 | ||||||
Exxon Mobil Corp. | 701,747 | 69,795,757 | ||||||
FMC Technologies, Inc. * | 38,570 | 2,385,169 | ||||||
Halliburton Co. | 138,883 | 9,389,880 | ||||||
Helmerich & Payne, Inc. | 18,760 | 1,970,738 | ||||||
Hess Corp. | 44,347 | 4,483,482 | ||||||
HollyFrontier Corp. | 33,657 | 1,683,860 | ||||||
Kinder Morgan, Inc. | 108,214 | 4,356,696 | ||||||
Marathon Oil Corp. | 113,509 | 4,732,190 | ||||||
Marathon Petroleum Corp. | 48,470 | 4,411,255 | ||||||
Murphy Oil Corp. | 28,188 | 1,760,904 | ||||||
Nabors Industries Ltd. | 41,652 | 1,133,351 | ||||||
National Oilwell Varco, Inc. | 69,869 | 6,038,778 | ||||||
Noble Corp. plc | 40,184 | 1,143,637 | ||||||
Noble Energy, Inc. | 59,556 | 4,296,370 | ||||||
Oasis Petroleum, Inc. * | 15,107 | 743,113 | ||||||
Occidental Petroleum Corp. | 128,663 | 13,346,213 | ||||||
Oceaneering International, Inc. | 17,291 | 1,202,762 | ||||||
Oil States International, Inc. * | 8,612 | 555,905 | ||||||
ONEOK, Inc. | 33,568 | 2,356,473 | ||||||
Paragon Offshore plc * | 39,293 | 366,211 | ||||||
Peabody Energy Corp. | 43,964 | 698,148 | ||||||
Phillips 66 | 92,242 | 8,026,899 | ||||||
Pioneer Natural Resources Co. | 22,961 | 4,790,813 | ||||||
QEP Resources, Inc. | 28,031 | 997,063 | ||||||
Range Resources Corp. | 26,600 | 2,090,494 | ||||||
Rowan Cos. plc, Class A | 21,450 | 650,364 | ||||||
Schlumberger Ltd. | 212,617 | 23,311,328 | ||||||
Seventy Seven Energy, Inc. * | 11,208 | 263,052 | ||||||
SM Energy Co. | 10,640 | 947,386 | ||||||
Southwestern Energy Co. * | 58,770 | 2,420,148 | ||||||
Spectra Energy Corp. | 111,059 | 4,626,718 | ||||||
Superior Energy Services, Inc. | 25,270 | 905,677 | ||||||
Tesoro Corp. | 23,087 | 1,494,652 | ||||||
The Williams Cos., Inc. | 120,377 | 7,155,209 | ||||||
Transocean Ltd. (a) | 54,560 | 2,108,744 | ||||||
Valero Energy Corp. | 86,917 | 4,705,686 | ||||||
Weatherford International plc * | 124,473 | 2,948,765 | ||||||
Whiting Petroleum Corp. * | 18,798 | 1,741,823 | ||||||
323,593,313 | ||||||||
Food & Staples Retailing 2.0% | ||||||||
Costco Wholesale Corp. | 71,251 | 8,627,071 | ||||||
CVS Caremark Corp. | 192,415 | 15,287,372 | ||||||
Safeway, Inc. | 36,585 | 1,272,427 | ||||||
Sprouts Farmers Market, Inc. * | 14,895 | 460,851 | ||||||
Sysco Corp. | 96,164 | 3,637,884 | ||||||
The Kroger Co. | 82,795 | 4,220,889 | ||||||
Wal-Mart Stores, Inc. | 263,458 | 19,891,079 | ||||||
Walgreen Co. | 142,329 | 8,613,751 | ||||||
Whole Foods Market, Inc. | 59,941 | 2,346,091 | ||||||
64,357,415 | ||||||||
Food, Beverage & Tobacco 4.8% | ||||||||
Altria Group, Inc. | 325,385 | 14,017,586 | ||||||
Archer-Daniels-Midland Co. | 106,930 | 5,331,530 | ||||||
Brown-Forman Corp., Class B | 25,895 | 2,399,431 | ||||||
Bunge Ltd. | 23,504 | 1,989,614 | ||||||
Campbell Soup Co. | 28,357 | 1,270,961 | ||||||
Coca-Cola Enterprises, Inc. | 40,003 | 1,911,343 | ||||||
ConAgra Foods, Inc. | 68,242 | 2,197,392 | ||||||
Constellation Brands, Inc., Class A * | 26,672 | 2,322,864 | ||||||
Dr. Pepper Snapple Group, Inc. | 32,134 | 2,021,871 | ||||||
Flowers Foods, Inc. | 29,745 | 582,407 | ||||||
General Mills, Inc. | 102,644 | 5,479,137 | ||||||
Hormel Foods Corp. | 22,624 | 1,146,584 | ||||||
Ingredion, Inc. | 12,655 | 1,009,363 | ||||||
Kellogg Co. | 41,588 | 2,701,972 | ||||||
Keurig Green Mountain, Inc. | 20,766 | 2,768,523 | ||||||
Kraft Foods Group, Inc. | 96,304 | 5,672,306 | ||||||
Lorillard, Inc. | 60,112 | 3,588,686 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 21,280 | 1,483,003 | ||||||
Mead Johnson Nutrition Co. | 32,266 | 3,084,630 | ||||||
Molson Coors Brewing Co., Class B | 25,270 | 1,868,717 | ||||||
Mondelez International, Inc., Class A | 275,693 | 9,977,330 | ||||||
Monster Beverage Corp. * | 21,672 | 1,916,022 | ||||||
PepsiCo, Inc. | 248,275 | 22,962,955 | ||||||
Philip Morris International, Inc. | 256,054 | 21,913,101 | ||||||
Reynolds American, Inc. | 50,919 | 2,977,234 |
See financial notes 23
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
The Coca-Cola Co. | 621,679 | 25,936,448 | ||||||
The Hershey Co. | 24,101 | 2,203,313 | ||||||
The J.M. Smucker Co. | 16,639 | 1,707,161 | ||||||
Tyson Foods, Inc., Class A | 43,369 | 1,650,624 | ||||||
154,092,108 | ||||||||
Health Care Equipment & Services 4.4% | ||||||||
Abbott Laboratories | 244,910 | 10,344,998 | ||||||
Aetna, Inc. | 59,909 | 4,920,326 | ||||||
AmerisourceBergen Corp. | 36,559 | 2,829,301 | ||||||
Baxter International, Inc. | 87,371 | 6,551,078 | ||||||
Becton Dickinson & Co. | 31,203 | 3,656,055 | ||||||
Boston Scientific Corp. * | 213,398 | 2,705,887 | ||||||
C.R. Bard, Inc. | 12,558 | 1,864,109 | ||||||
Cardinal Health, Inc. | 56,498 | 4,163,903 | ||||||
CareFusion Corp. * | 34,060 | 1,563,695 | ||||||
Cerner Corp. * | 47,975 | 2,766,238 | ||||||
Cigna Corp. | 45,480 | 4,302,408 | ||||||
Community Health Systems, Inc. * | 19,453 | 1,055,909 | ||||||
Covidien plc | 73,808 | 6,408,749 | ||||||
DaVita HealthCare Partners, Inc. * | 28,269 | 2,111,129 | ||||||
DENTSPLY International, Inc. | 23,960 | 1,143,012 | ||||||
Edwards Lifesciences Corp. * | 17,661 | 1,753,031 | ||||||
Envision Healthcare Holdings, Inc. * | 16,602 | 606,969 | ||||||
Express Scripts Holding Co. * | 126,555 | 9,356,211 | ||||||
HCA Holdings, Inc. * | 51,974 | 3,628,825 | ||||||
Henry Schein, Inc. * | 13,726 | 1,642,865 | ||||||
Hologic, Inc. * | 45,308 | 1,126,810 | ||||||
Humana, Inc. | 24,573 | 3,163,528 | ||||||
IDEXX Laboratories, Inc. * | 8,270 | 1,025,232 | ||||||
IMS Health Holdings, Inc. * | 10,784 | 300,874 | ||||||
Intuitive Surgical, Inc. * | 6,071 | 2,853,431 | ||||||
Laboratory Corp. of America Holdings * | 14,109 | 1,512,908 | ||||||
McKesson Corp. | 37,506 | 7,314,795 | ||||||
MEDNAX, Inc. * | 16,800 | 961,800 | ||||||
Medtronic, Inc. | 162,839 | 10,397,270 | ||||||
Omnicare, Inc. | 16,453 | 1,049,208 | ||||||
Patterson Cos., Inc. | 13,977 | 562,854 | ||||||
Premier, Inc., Class A * | 4,502 | 142,173 | ||||||
Quest Diagnostics, Inc. | 24,230 | 1,531,578 | ||||||
ResMed, Inc. (a) | 22,138 | 1,174,421 | ||||||
Sirona Dental Systems, Inc. * | 9,596 | 782,170 | ||||||
St. Jude Medical, Inc. | 46,559 | 3,053,805 | ||||||
Stryker Corp. | 47,214 | 3,933,398 | ||||||
Tenet Healthcare Corp. * | 17,861 | 1,092,736 | ||||||
The Cooper Cos., Inc. | 7,511 | 1,224,518 | ||||||
UnitedHealth Group, Inc. | 160,494 | 13,911,620 | ||||||
Universal Health Services, Inc., Class B | 13,683 | 1,565,883 | ||||||
Varian Medical Systems, Inc. * | 17,332 | 1,473,567 | ||||||
Veeva Systems, Inc., Class A *(a) | 12,350 | 370,129 | ||||||
WellPoint, Inc. | 45,648 | 5,318,448 | ||||||
Zimmer Holdings, Inc. | 27,430 | 2,724,073 | ||||||
141,941,927 | ||||||||
Household & Personal Products 1.9% | ||||||||
Avon Products, Inc. | 71,136 | 998,749 | ||||||
Church & Dwight Co., Inc. | 21,806 | 1,488,041 | ||||||
Colgate-Palmolive Co. | 142,416 | 9,218,588 | ||||||
Coty, Inc., Class A | 23,404 | 402,315 | ||||||
Energizer Holdings, Inc. | 10,006 | 1,215,929 | ||||||
Herbalife Ltd. (a) | 13,526 | 689,555 | ||||||
Kimberly-Clark Corp. | 62,622 | 6,763,176 | ||||||
The Clorox Co. | 20,406 | 1,807,972 | ||||||
The Estee Lauder Cos., Inc., Class A | 40,790 | 3,133,896 | ||||||
The Procter & Gamble Co. | 442,782 | 36,799,612 | ||||||
62,517,833 | ||||||||
Insurance 3.1% | ||||||||
ACE Ltd. | 54,964 | 5,844,322 | ||||||
Aflac, Inc. | 73,212 | 4,483,503 | ||||||
Alleghany Corp. * | 2,759 | 1,189,488 | ||||||
American Financial Group, Inc. | 11,063 | 663,448 | ||||||
American International Group, Inc. | 238,512 | 13,370,983 | ||||||
Aon plc | 48,602 | 4,236,150 | ||||||
Arch Capital Group Ltd. * | 18,827 | 1,046,405 | ||||||
Arthur J. Gallagher & Co. | 24,690 | 1,166,109 | ||||||
Axis Capital Holdings Ltd. | 16,120 | 777,306 | ||||||
Brown & Brown, Inc. | 20,287 | 661,762 | ||||||
Cincinnati Financial Corp. | 25,453 | 1,224,035 | ||||||
CNA Financial Corp. | 5,492 | 212,925 | ||||||
Erie Indemnity Co., Class A | 4,059 | 310,554 | ||||||
Everest Re Group Ltd. | 7,459 | 1,222,082 | ||||||
FNF Group * | 44,283 | 1,253,652 | ||||||
Genworth Financial, Inc., Class A * | 78,184 | 1,109,431 | ||||||
HCC Insurance Holdings, Inc. | 16,694 | 837,037 | ||||||
Lincoln National Corp. | 46,274 | 2,546,921 | ||||||
Loews Corp. | 48,448 | 2,119,115 | ||||||
Markel Corp. * | 2,293 | 1,512,921 | ||||||
Marsh & McLennan Cos., Inc. | 89,417 | 4,748,043 | ||||||
MetLife, Inc. | 183,032 | 10,019,172 | ||||||
PartnerRe Ltd. | 7,391 | 825,501 | ||||||
Principal Financial Group, Inc. | 44,354 | 2,407,979 | ||||||
Prudential Financial, Inc. | 75,197 | 6,745,171 | ||||||
Reinsurance Group of America, Inc. | 10,972 | 910,457 | ||||||
RenaissanceRe Holdings Ltd. | 7,226 | 739,870 | ||||||
The Allstate Corp. | 73,731 | 4,533,719 | ||||||
The Chubb Corp. | 39,202 | 3,604,624 | ||||||
The Hartford Financial Services Group, Inc. | 73,278 | 2,714,950 | ||||||
The Progressive Corp. | 90,637 | 2,267,738 | ||||||
The Travelers Cos., Inc. | 57,334 | 5,430,103 | ||||||
Torchmark Corp. | 20,944 | 1,142,495 | ||||||
Unum Group | 40,846 | 1,481,484 | ||||||
Validus Holdings Ltd. | 15,606 | 610,351 | ||||||
W.R. Berkley Corp. | 17,574 | 849,703 | ||||||
White Mountains Insurance Group Ltd. | 891 | 565,108 | ||||||
Willis Group Holdings plc | 28,662 | 1,202,944 | ||||||
XL Group plc | 45,864 | 1,567,631 | ||||||
98,155,192 | ||||||||
Materials 3.6% | ||||||||
Air Products & Chemicals, Inc. | 35,031 | 4,666,480 | ||||||
Airgas, Inc. | 10,149 | 1,120,247 | ||||||
Albemarle Corp. | 12,767 | 811,726 | ||||||
Alcoa, Inc. | 189,914 | 3,154,472 | ||||||
Ashland, Inc. | 11,305 | 1,212,122 | ||||||
Avery Dennison Corp. | 15,390 | 740,721 |
24 See financial notes
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Ball Corp. | 23,059 | 1,478,082 | ||||||
Bemis Co., Inc. | 17,290 | 704,395 | ||||||
Celanese Corp., Series A | 25,280 | 1,581,011 | ||||||
CF Industries Holdings, Inc. | 8,487 | 2,186,845 | ||||||
Crown Holdings, Inc. * | 22,630 | 1,092,350 | ||||||
E.I. du Pont de Nemours & Co. | 151,160 | 9,993,188 | ||||||
Eastman Chemical Co. | 25,562 | 2,108,098 | ||||||
Ecolab, Inc. | 44,275 | 5,083,655 | ||||||
FMC Corp. | 21,659 | 1,432,526 | ||||||
Freeport-McMoRan, Inc. | 167,993 | 6,109,905 | ||||||
Huntsman Corp. | 30,660 | 824,447 | ||||||
International Flavors & Fragrances, Inc. | 13,300 | 1,351,147 | ||||||
International Paper Co. | 72,009 | 3,488,836 | ||||||
LyondellBasell Industries N.V., Class A | 67,700 | 7,741,495 | ||||||
Martin Marietta Materials, Inc. | 9,825 | 1,286,682 | ||||||
MeadWestvaco Corp. | 28,084 | 1,207,612 | ||||||
Monsanto Co. | 85,758 | 9,917,913 | ||||||
Newmont Mining Corp. | 81,423 | 2,205,749 | ||||||
Nucor Corp. | 52,446 | 2,848,867 | ||||||
Owens-Illinois, Inc. * | 28,310 | 871,665 | ||||||
Packaging Corp. of America | 15,237 | 1,035,964 | ||||||
PPG Industries, Inc. | 22,284 | 4,587,384 | ||||||
Praxair, Inc. | 48,417 | 6,369,256 | ||||||
Rayonier Advanced Materials, Inc. *(a) | 6,565 | 218,024 | ||||||
Reliance Steel & Aluminum Co. | 12,515 | 875,049 | ||||||
Rock-Tenn Co., Class A | 22,452 | 1,103,740 | ||||||
Rockwood Holdings, Inc. | 12,228 | 990,223 | ||||||
Royal Gold, Inc. | 9,752 | 758,218 | ||||||
RPM International, Inc. | 20,647 | 973,093 | ||||||
Sealed Air Corp. | 31,955 | 1,153,575 | ||||||
Sigma-Aldrich Corp. | 18,934 | 1,969,136 | ||||||
The Dow Chemical Co. | 196,986 | 10,548,600 | ||||||
The Mosaic Co. | 54,740 | 2,614,382 | ||||||
The Sherwin-Williams Co. | 13,827 | 3,015,807 | ||||||
The Valspar Corp. | 13,342 | 1,077,500 | ||||||
TimkenSteel Corp. | 6,135 | 293,130 | ||||||
Vulcan Materials Co. | 20,312 | 1,287,375 | ||||||
W.R. Grace & Co. * | 12,227 | 1,210,840 | ||||||
Westlake Chemical Corp. | 6,784 | 658,930 | ||||||
115,960,462 | ||||||||
Media 3.8% | ||||||||
AMC Networks, Inc., Class A * | 10,022 | 627,127 | ||||||
Cablevision Systems Corp., Class A | 36,822 | 681,575 | ||||||
CBS Corp., Class B Non-Voting Shares | 86,156 | 5,108,189 | ||||||
Charter Communications, Inc., Class A * | 12,025 | 1,886,362 | ||||||
Comcast Corp., Class A | 423,911 | 23,200,649 | ||||||
DIRECTV * | 77,203 | 6,674,199 | ||||||
Discovery Communications, Inc., Class A * | 36,145 | 1,580,259 | ||||||
Discovery Communications, Inc., Class C * | 36,145 | 1,553,151 | ||||||
DISH Network Corp., Class A * | 33,654 | 2,181,116 | ||||||
Gannett Co., Inc. | 37,893 | 1,279,268 | ||||||
Lamar Advertising Co., Class A | 10,137 | 531,990 | ||||||
Liberty Global plc, Class A * | 51,878 | 2,265,512 | ||||||
Liberty Global plc, Series C * | 68,708 | 2,880,926 | ||||||
Liberty Media Corp., Class A * | 16,366 | 805,698 | ||||||
Liberty Media Corp., Class C * | 32,732 | 1,586,520 | ||||||
News Corp., Class A * | 79,987 | 1,409,771 | ||||||
Omnicom Group, Inc. | 41,633 | 2,997,992 | ||||||
Scripps Networks Interactive, Inc., Class A | 17,512 | 1,395,882 | ||||||
Sirius XM Holdings, Inc. * | 486,875 | 1,767,356 | ||||||
The Interpublic Group of Cos., Inc. | 67,877 | 1,325,638 | ||||||
The Madison Square Garden Co., Class A * | 9,407 | 628,952 | ||||||
The Walt Disney Co. | 264,363 | 23,760,947 | ||||||
Time Warner Cable, Inc. | 45,367 | 6,711,140 | ||||||
Time Warner, Inc. | 144,723 | 11,148,013 | ||||||
Twenty-First Century Fox, Inc., Class A | 310,543 | 10,999,433 | ||||||
Viacom, Inc., Class B | 64,040 | 5,196,846 | ||||||
120,184,511 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 8.9% | ||||||||
AbbVie, Inc. | 260,588 | 14,405,305 | ||||||
Actavis plc * | 42,914 | 9,740,620 | ||||||
Agilent Technologies, Inc. | 55,584 | 3,177,181 | ||||||
Alexion Pharmaceuticals, Inc. * | 32,126 | 5,438,611 | ||||||
Allergan, Inc. | 48,576 | 7,950,920 | ||||||
Amgen, Inc. | 123,567 | 17,222,768 | ||||||
Biogen Idec, Inc. * | 38,696 | 13,274,276 | ||||||
BioMarin Pharmaceutical, Inc. * | 23,027 | 1,639,983 | ||||||
Bristol-Myers Squibb Co. | 270,765 | 13,714,247 | ||||||
Celgene Corp. * | 131,867 | 12,530,002 | ||||||
Covance, Inc. * | 9,310 | 771,799 | ||||||
Eli Lilly & Co. | 161,843 | 10,286,741 | ||||||
Endo International plc * | 21,917 | 1,396,332 | ||||||
Gilead Sciences, Inc. * | 250,305 | 26,927,812 | ||||||
Hospira, Inc. * | 27,993 | 1,504,344 | ||||||
Illumina, Inc. * | 22,135 | 3,970,134 | ||||||
Incyte Corp. * | 24,671 | 1,337,168 | ||||||
Johnson & Johnson | 461,801 | 47,902,618 | ||||||
Medivation, Inc. * | 13,152 | 1,200,252 | ||||||
Merck & Co., Inc. | 479,112 | 28,799,422 | ||||||
Mettler-Toledo International, Inc. * | 4,600 | 1,244,208 | ||||||
Mylan, Inc. * | 61,295 | 2,978,937 | ||||||
PerkinElmer, Inc. | 18,624 | 835,286 | ||||||
Perrigo Co., plc | 21,484 | 3,195,530 | ||||||
Pfizer, Inc. | 1,043,959 | 30,681,955 | ||||||
Pharmacyclics, Inc. * | 10,690 | 1,329,729 | ||||||
Quintiles Transnational Holdings, Inc. * | 8,338 | 467,929 | ||||||
Regeneron Pharmaceuticals, Inc. * | 12,989 | 4,552,904 | ||||||
Seattle Genetics, Inc. * | 17,682 | 778,185 | ||||||
Thermo Fisher Scientific, Inc. | 65,263 | 7,845,265 | ||||||
Vertex Pharmaceuticals, Inc. * | 39,300 | 3,677,301 | ||||||
Waters Corp. * | 13,651 | 1,411,923 | ||||||
Zoetis, Inc. | 79,923 | 2,832,471 | ||||||
285,022,158 | ||||||||
Real Estate 2.9% | ||||||||
Alexandria Real Estate Equities, Inc. | 11,246 | 889,109 | ||||||
American Campus Communities, Inc. | 16,340 | 645,593 |
See financial notes 25
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
American Capital Agency Corp. | 62,806 | 1,485,362 | ||||||
American Tower Corp. | 66,361 | 6,543,195 | ||||||
Annaly Capital Management, Inc. | 152,073 | 1,809,669 | ||||||
Apartment Investment & Management Co., Class A | 23,044 | 789,718 | ||||||
AvalonBay Communities, Inc. | 20,337 | 3,133,932 | ||||||
Boston Properties, Inc. | 24,519 | 2,977,097 | ||||||
Brixmor Property Group, Inc. | 10,660 | 252,322 | ||||||
Camden Property Trust | 13,300 | 995,372 | ||||||
CBRE Group, Inc., Class A * | 44,433 | 1,412,081 | ||||||
Corrections Corp. of America | 17,665 | 629,581 | ||||||
Crown Castle International Corp. | 55,009 | 4,373,766 | ||||||
DDR Corp. | 49,839 | 908,067 | ||||||
Digital Realty Trust, Inc. | 22,793 | 1,487,243 | ||||||
Duke Realty Corp. | 51,144 | 951,278 | ||||||
Equity Residential | 55,553 | 3,692,608 | ||||||
Essex Property Trust, Inc. | 9,871 | 1,909,545 | ||||||
Extra Space Storage, Inc. | 17,578 | 926,361 | ||||||
Federal Realty Investment Trust | 10,640 | 1,327,659 | ||||||
General Growth Properties, Inc. | 89,146 | 2,190,317 | ||||||
HCP, Inc. | 73,620 | 3,189,955 | ||||||
Health Care REIT, Inc. | 48,778 | 3,296,417 | ||||||
Host Hotels & Resorts, Inc. | 127,216 | 2,903,069 | ||||||
Jones Lang LaSalle, Inc. | 6,840 | 913,892 | ||||||
Kilroy Realty Corp. | 12,805 | 809,916 | ||||||
Kimco Realty Corp. | 65,213 | 1,531,853 | ||||||
Liberty Property Trust | 22,880 | 810,410 | ||||||
National Retail Properties, Inc. | 20,089 | 746,105 | ||||||
Plum Creek Timber Co., Inc. | 29,527 | 1,199,682 | ||||||
Prologis, Inc. | 82,634 | 3,383,036 | ||||||
Public Storage | 23,395 | 4,098,336 | ||||||
Rayonier, Inc. | 19,950 | 683,687 | ||||||
Realogy Holdings Corp. * | 23,234 | 947,250 | ||||||
Realty Income Corp. | 36,714 | 1,641,850 | ||||||
Regency Centers Corp. | 14,630 | 835,958 | ||||||
Senior Housing Properties Trust | 35,504 | 828,308 | ||||||
Simon Property Group, Inc. | 50,401 | 8,569,682 | ||||||
SL Green Realty Corp. | 15,290 | 1,671,962 | ||||||
Taubman Centers, Inc. | 9,824 | 748,294 | ||||||
The Macerich Co. | 22,739 | 1,484,629 | ||||||
UDR, Inc. | 40,074 | 1,199,014 | ||||||
Ventas, Inc. | 48,887 | 3,215,787 | ||||||
Vornado Realty Trust | 27,985 | 2,962,772 | ||||||
Weingarten Realty Investors | 17,646 | 603,846 | ||||||
Weyerhaeuser Co. | 93,775 | 3,183,661 | ||||||
WP Carey, Inc. | 8,619 | 588,505 | ||||||
91,377,751 | ||||||||
Retailing 4.3% | ||||||||
Abercrombie & Fitch Co., Class A | 11,457 | 478,903 | ||||||
Advance Auto Parts, Inc. | 11,987 | 1,635,267 | ||||||
Amazon.com, Inc. * | 60,727 | 20,588,882 | ||||||
AutoNation, Inc. * | 10,031 | 544,182 | ||||||
AutoZone, Inc. * | 5,376 | 2,896,804 | ||||||
Bed Bath & Beyond, Inc. * | 35,497 | 2,281,037 | ||||||
Best Buy Co., Inc. | 44,061 | 1,405,105 | ||||||
CarMax, Inc. * | 36,365 | 1,905,526 | ||||||
Dick’s Sporting Goods, Inc. | 16,245 | 732,162 | ||||||
Dillard’s, Inc., Class A | 3,471 | 396,805 | ||||||
Dollar General Corp. * | 49,721 | 3,181,647 | ||||||
Dollar Tree, Inc. * | 34,718 | 1,861,753 | ||||||
Expedia, Inc. | 17,293 | 1,485,469 | ||||||
Family Dollar Stores, Inc. | 15,014 | 1,198,568 | ||||||
Foot Locker, Inc. | 23,268 | 1,305,567 | ||||||
GameStop Corp., Class A | 18,722 | 790,068 | ||||||
Genuine Parts Co. | 24,418 | 2,142,435 | ||||||
Groupon, Inc. * | 59,438 | 404,178 | ||||||
Kohl’s Corp. | 32,257 | 1,896,389 | ||||||
L Brands, Inc. | 39,022 | 2,491,555 | ||||||
Liberty Interactive Corp., Class A * | 77,717 | 2,294,206 | ||||||
LKQ Corp. * | 47,880 | 1,359,792 | ||||||
Lowe’s Cos., Inc. | 162,668 | 8,541,697 | ||||||
Macy’s, Inc. | 60,259 | 3,753,533 | ||||||
Netflix, Inc. * | 9,708 | 4,636,929 | ||||||
Nordstrom, Inc. | 23,293 | 1,613,040 | ||||||
O’Reilly Automotive, Inc. * | 17,425 | 2,717,952 | ||||||
PetSmart, Inc. | 16,357 | 1,170,670 | ||||||
Ross Stores, Inc. | 34,805 | 2,624,993 | ||||||
Sally Beauty Holdings, Inc. * | 24,466 | 682,112 | ||||||
Sears Holdings Corp. *(a) | 6,909 | 240,433 | ||||||
Signet Jewelers Ltd. | 13,333 | 1,571,561 | ||||||
Staples, Inc. | 104,263 | 1,217,792 | ||||||
Target Corp. | 103,781 | 6,234,125 | ||||||
The Gap, Inc. | 44,265 | 2,042,830 | ||||||
The Home Depot, Inc. | 223,047 | 20,854,895 | ||||||
The Priceline Group, Inc. * | 8,482 | 10,554,237 | ||||||
The TJX Cos., Inc. | 115,415 | 6,879,888 | ||||||
Tiffany & Co. | 17,594 | 1,775,938 | ||||||
Tractor Supply Co. | 22,775 | 1,524,786 | ||||||
TripAdvisor, Inc. * | 18,013 | 1,784,908 | ||||||
Ulta Salon, Cosmetics & Fragrance, Inc. * | 9,979 | 971,056 | ||||||
Urban Outfitters, Inc. * | 17,377 | 691,431 | ||||||
Williams-Sonoma, Inc. | 14,673 | 965,043 | ||||||
136,326,149 | ||||||||
Semiconductors & Semiconductor Equipment 2.3% | ||||||||
Altera Corp. | 51,972 | 1,836,690 | ||||||
Analog Devices, Inc. | 52,023 | 2,659,416 | ||||||
Applied Materials, Inc. | 200,185 | 4,625,274 | ||||||
Avago Technologies Ltd. | 42,903 | 3,521,907 | ||||||
Broadcom Corp., Class A | 89,180 | 3,511,908 | ||||||
Cree, Inc. * | 20,359 | 927,556 | ||||||
Freescale Semiconductor Ltd. * | 15,508 | 326,443 | ||||||
Intel Corp. | 812,355 | 28,367,437 | ||||||
KLA-Tencor Corp. | 26,637 | 2,035,600 | ||||||
Lam Research Corp. | 26,713 | 1,920,932 | ||||||
Linear Technology Corp. | 39,471 | 1,780,537 | ||||||
Marvell Technology Group Ltd. | 67,294 | 936,060 | ||||||
Maxim Integrated Products, Inc. | 46,874 | 1,447,938 | ||||||
Microchip Technology, Inc. | 32,212 | 1,572,912 | ||||||
Micron Technology, Inc. * | 172,355 | 5,618,773 | ||||||
NVIDIA Corp. | 90,539 | 1,760,984 | ||||||
Skyworks Solutions, Inc. | 31,920 | 1,808,587 | ||||||
Texas Instruments, Inc. | 177,346 | 8,544,530 | ||||||
Xilinx, Inc. | 42,604 | 1,800,019 | ||||||
75,003,503 | ||||||||
Software & Services 10.2% | ||||||||
Accenture plc, Class A | 103,774 | 8,411,920 | ||||||
Activision Blizzard, Inc. | 86,650 | 2,039,741 |
26 See financial notes
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Adobe Systems, Inc. * | 75,015 | 5,393,578 | ||||||
Akamai Technologies, Inc. * | 28,083 | 1,696,775 | ||||||
Alliance Data Systems Corp. * | 8,525 | 2,256,056 | ||||||
Amdocs Ltd. | 25,638 | 1,207,550 | ||||||
ANSYS, Inc. * | 14,640 | 1,190,232 | ||||||
Autodesk, Inc. * | 37,753 | 2,025,071 | ||||||
Automatic Data Processing, Inc. | 79,148 | 6,607,275 | ||||||
CA, Inc. | 52,549 | 1,483,984 | ||||||
Cadence Design Systems, Inc. * | 45,241 | 798,051 | ||||||
Citrix Systems, Inc. * | 25,854 | 1,816,502 | ||||||
Cognizant Technology Solutions Corp., Class A * | 97,786 | 4,471,754 | ||||||
Computer Sciences Corp. | 23,274 | 1,391,552 | ||||||
Concur Technologies, Inc. * | 7,301 | 732,874 | ||||||
eBay, Inc. * | 184,989 | 10,266,889 | ||||||
Electronic Arts, Inc. * | 53,444 | 2,022,321 | ||||||
Equinix, Inc. * | 7,980 | 1,741,715 | ||||||
Facebook, Inc., Class A * | 282,578 | 21,142,486 | ||||||
FactSet Research Systems, Inc. | 6,720 | 856,128 | ||||||
Fidelity National Information Services, Inc. | 46,906 | 2,661,916 | ||||||
FireEye, Inc. * | 4,761 | 148,258 | ||||||
Fiserv, Inc. * | 41,564 | 2,679,631 | ||||||
FleetCor Technologies, Inc. * | 12,342 | 1,773,422 | ||||||
Gartner, Inc. * | 14,768 | 1,101,545 | ||||||
Genpact Ltd. * | 26,396 | 459,290 | ||||||
Global Payments, Inc. | 12,350 | 898,092 | ||||||
Google, Inc., Class A * | 46,277 | 26,949,874 | ||||||
Google, Inc., Class C * | 46,277 | 26,451,933 | ||||||
IAC/InterActiveCorp | 12,370 | 860,828 | ||||||
Informatica Corp. * | 18,723 | 637,612 | ||||||
International Business Machines Corp. | 155,137 | 29,832,845 | ||||||
Intuit, Inc. | 47,003 | 3,909,710 | ||||||
Jack Henry & Associates, Inc. | 13,588 | 785,522 | ||||||
Leidos Holdings, Inc. | 11,143 | 419,534 | ||||||
LinkedIn Corp., Class A * | 16,431 | 3,709,298 | ||||||
MasterCard, Inc., Class A | 165,644 | 12,557,472 | ||||||
MICROS Systems, Inc. * | 12,392 | 842,284 | ||||||
Microsoft Corp. | 1,228,676 | 55,818,751 | ||||||
NetSuite, Inc. * | 4,600 | 403,144 | ||||||
Nuance Communications, Inc. * | 41,304 | 702,581 | ||||||
Oracle Corp. | 559,210 | 23,223,991 | ||||||
Paychex, Inc. | 51,870 | 2,160,386 | ||||||
Rackspace Hosting, Inc. * | 18,093 | 626,018 | ||||||
Red Hat, Inc. * | 30,632 | 1,866,101 | ||||||
Sabre Corp. | 19,022 | 346,771 | ||||||
Salesforce.com, Inc. * | 92,701 | 5,477,702 | ||||||
ServiceNow, Inc. * | 16,013 | 978,875 | ||||||
Solera Holdings, Inc. | 10,687 | 651,480 | ||||||
Symantec Corp. | 113,076 | 2,745,485 | ||||||
Synopsys, Inc. * | 25,462 | 1,041,396 | ||||||
Teradata Corp. * | 25,968 | 1,185,959 | ||||||
The Western Union Co. | 89,488 | 1,563,355 | ||||||
TIBCO Software, Inc. * | 24,124 | 502,744 | ||||||
Total System Services, Inc. | 27,346 | 860,305 | ||||||
Twitter, Inc. * | 12,558 | 624,761 | ||||||
Vantiv, Inc., Class A * | 22,892 | 716,062 | ||||||
VeriSign, Inc. * | 21,608 | 1,233,277 | ||||||
Visa, Inc., Class A | 82,223 | 17,474,032 | ||||||
VMware, Inc., Class A * | 13,518 | 1,332,604 | ||||||
Workday, Inc., Class A * | 4,701 | 428,120 | ||||||
Xerox Corp. | 186,503 | 2,575,606 | ||||||
Yahoo! Inc. * | 152,471 | 5,871,658 | ||||||
324,642,684 | ||||||||
Technology Hardware & Equipment 6.3% | ||||||||
3D Systems Corp. *(a) | 19,028 | 1,018,188 | ||||||
Amphenol Corp., Class A | 25,340 | 2,610,273 | ||||||
Apple, Inc. | 985,323 | 100,995,607 | ||||||
Arrow Electronics, Inc. * | 16,066 | 1,000,108 | ||||||
Avnet, Inc. | 22,610 | 1,006,371 | ||||||
Cisco Systems, Inc. | 839,945 | 20,990,226 | ||||||
Corning, Inc. | 213,374 | 4,450,982 | ||||||
EMC Corp. | 333,981 | 9,862,459 | ||||||
F5 Networks, Inc. * | 12,212 | 1,516,608 | ||||||
FLIR Systems, Inc. | 23,297 | 787,206 | ||||||
Harris Corp. | 16,845 | 1,202,565 | ||||||
Hewlett-Packard Co. | 306,942 | 11,663,796 | ||||||
Jabil Circuit, Inc. | 30,590 | 660,132 | ||||||
Juniper Networks, Inc. | 81,148 | 1,881,822 | ||||||
Motorola Solutions, Inc. | 37,860 | 2,248,884 | ||||||
National Instruments Corp. | 14,969 | 496,222 | ||||||
NCR Corp. * | 26,744 | 913,575 | ||||||
NetApp, Inc. | 54,710 | 2,306,574 | ||||||
QUALCOMM, Inc. | 275,057 | 20,931,838 | ||||||
SanDisk Corp. | 37,467 | 3,670,267 | ||||||
Seagate Technology plc | 54,032 | 3,381,323 | ||||||
TE Connectivity Ltd. | 67,388 | 4,223,880 | ||||||
Trimble Navigation Ltd. * | 40,826 | 1,357,873 | ||||||
Western Digital Corp. | 33,885 | 3,490,494 | ||||||
202,667,273 | ||||||||
Telecommunication Services 2.4% | ||||||||
AT&T, Inc. | 847,853 | 29,640,941 | ||||||
CenturyLink, Inc. | 96,451 | 3,953,526 | ||||||
Frontier Communications Corp. | 173,688 | 1,181,078 | ||||||
Level 3 Communications, Inc. * | 27,187 | 1,222,328 | ||||||
SBA Communications Corp., Class A * | 21,633 | 2,385,904 | ||||||
Sprint Corp. * | 134,546 | 754,803 | ||||||
T-Mobile US, Inc. * | 40,751 | 1,225,790 | ||||||
tw telecom, Inc. * | 22,066 | 905,478 | ||||||
Verizon Communications, Inc. | 676,584 | 33,707,415 | ||||||
Windstream Holdings, Inc. (a) | 99,789 | 1,127,616 | ||||||
76,104,879 | ||||||||
Transportation 2.1% | ||||||||
C.H. Robinson Worldwide, Inc. | 25,536 | 1,743,087 | ||||||
CSX Corp. | 162,897 | 5,035,146 | ||||||
Delta Air Lines, Inc. | 138,864 | 5,496,237 | ||||||
Expeditors International of Washington, Inc. | 33,646 | 1,389,580 | ||||||
FedEx Corp. | 44,913 | 6,641,735 | ||||||
Genesee & Wyoming, Inc., Class A * | 8,170 | 803,356 | ||||||
Hertz Global Holdings, Inc. * | 72,363 | 2,138,327 | ||||||
J.B. Hunt Transport Services, Inc. | 14,755 | 1,114,740 | ||||||
Kansas City Southern | 17,451 | 2,013,147 | ||||||
Kirby Corp. * | 9,437 | 1,125,740 | ||||||
Norfolk Southern Corp. | 51,130 | 5,470,910 | ||||||
Southwest Airlines Co. | 113,544 | 3,634,543 |
See financial notes 27
Table of Contents
Schwab U.S. Large-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Union Pacific Corp. | 148,669 | 15,650,386 | ||||||
United Continental Holdings, Inc. * | 60,332 | 2,872,407 | ||||||
United Parcel Service, Inc., Class B | 115,400 | 11,231,882 | ||||||
66,361,223 | ||||||||
Utilities 3.1% | ||||||||
AES Corp. | 105,923 | 1,607,911 | ||||||
AGL Resources, Inc. | 19,545 | 1,041,944 | ||||||
Alliant Energy Corp. | 18,673 | 1,092,184 | ||||||
Ameren Corp. | 40,165 | 1,606,198 | ||||||
American Electric Power Co., Inc. | 80,913 | 4,345,028 | ||||||
American Water Works Co., Inc. | 28,443 | 1,439,500 | ||||||
Aqua America, Inc. | 28,158 | 704,232 | ||||||
Calpine Corp. * | 58,622 | 1,393,445 | ||||||
CenterPoint Energy, Inc. | 70,698 | 1,756,138 | ||||||
CMS Energy Corp. | 43,990 | 1,343,455 | ||||||
Consolidated Edison, Inc. | 46,755 | 2,706,647 | ||||||
Dominion Resources, Inc. | 95,140 | 6,680,731 | ||||||
DTE Energy Co. | 28,906 | 2,261,894 | ||||||
Duke Energy Corp. | 115,926 | 8,577,365 | ||||||
Edison International | 53,422 | 3,159,377 | ||||||
Entergy Corp. | 29,817 | 2,308,134 | ||||||
Exelon Corp. | 138,582 | 4,631,410 | ||||||
FirstEnergy Corp. | 66,884 | 2,290,108 | ||||||
Integrys Energy Group, Inc. | 12,807 | 869,467 | ||||||
ITC Holdings Corp. | 25,458 | 950,856 | ||||||
MDU Resources Group, Inc. | 29,765 | 931,942 | ||||||
National Fuel Gas Co. | 13,342 | 1,019,862 | ||||||
NextEra Energy, Inc. | 70,931 | 6,983,157 | ||||||
NiSource, Inc. | 51,264 | 2,033,643 | ||||||
Northeast Utilities | 50,616 | 2,322,768 | ||||||
NRG Energy, Inc. | 59,127 | 1,819,929 | ||||||
OGE Energy Corp. | 31,944 | 1,198,539 | ||||||
Pepco Holdings, Inc. | 39,955 | 1,101,160 | ||||||
PG&E Corp. | 75,031 | 3,487,441 | ||||||
Pinnacle West Capital Corp. | 17,500 | 996,625 | ||||||
PPL Corp. | 108,651 | 3,762,584 | ||||||
Public Service Enterprise Group, Inc. | 81,386 | 3,043,023 | ||||||
Questar Corp. | 28,031 | 659,009 | ||||||
SCANA Corp. | 23,137 | 1,201,736 | ||||||
Sempra Energy | 38,099 | 4,037,351 | ||||||
TECO Energy, Inc. | 45,897 | 830,736 | ||||||
The Southern Co. | 146,756 | 6,515,966 | ||||||
UGI Corp. | 20,344 | 1,077,825 | ||||||
Westar Energy, Inc. | 20,034 | 739,856 | ||||||
Wisconsin Energy Corp. | 37,072 | 1,680,474 | ||||||
Xcel Energy, Inc. | 80,041 | 2,565,314 | ||||||
98,774,964 | ||||||||
Total Common Stock | ||||||||
(Cost $2,468,449,443) | 3,183,461,956 | |||||||
Other Investment Companies 0.3% of net assets | ||||||||
Equity Fund 0.0% | ||||||||
iShares Russell 1000 ETF (a) | 3,000 | 336,690 | ||||||
Money Market Fund 0.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (c) | 1,336,150 | 1,336,150 | ||||||
Securities Lending Collateral 0.2% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (c) | 7,186,775 | 7,186,775 | ||||||
Total Other Investment Companies | ||||||||
(Cost $8,789,999) | 8,859,615 | |||||||
Face | ||||||||
Security | Amount | Value | ||||||
Rate, Maturity Date | ($) | ($) | ||||||
Short-Term Investment 0.0% of net assets | ||||||||
U.S. Treasury Obligation 0.0% | ||||||||
U.S. Treasury Bill | ||||||||
0.01%, 09/18/14 (d)(e) | 100,000 | 100,000 | ||||||
Total Short-Term Investment | ||||||||
(Cost $100,000) | 100,000 | |||||||
End of Investments. |
At 08/31/14, the tax basis cost of the fund’s investments was $2,477,597,346 and the unrealized appreciation and depreciation were $725,352,043 and ($10,527,818), respectively, with a net unrealized appreciation of $714,824,225.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $7,441,350. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | The rate shown is the 7-day yield. | |
(d) | The rate shown is the purchase yield. | |
(e) | All or a portion of this security is held as collateral for open futures contracts. |
ETF — | Exchange Traded Fund | |
REIT — | Real Estate Investment Trust |
In addition to the above, the fund held the following at 08/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Appreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
S&P 500 Index, e-mini, Long, expires 09/19/14 | 20 | 2,001,400 | 5,862 |
28 See financial notes
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .8% | Common Stock | 1,093,683,669 | 1,482,757,384 | ||||||||
0 | .4% | Other Investment Companies | 5,962,623 | 5,996,132 | ||||||||
100 | .2% | Total Investments | 1,099,646,292 | 1,488,753,516 | ||||||||
(0 | .2)% | Other Assets and Liabilities, Net | (2,948,893 | ) | ||||||||
100 | .0% | Net Assets | 1,485,804,623 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 99.8% of net assets | ||||||||
Automobiles & Components 0.4% | ||||||||
BorgWarner, Inc. | 35,537 | 2,210,046 | ||||||
Tesla Motors, Inc. * | 12,420 | 3,349,674 | ||||||
5,559,720 | ||||||||
Banks 0.1% | ||||||||
CIT Group, Inc. | 31,386 | 1,505,272 | ||||||
Ocwen Financial Corp. * | 18,117 | 506,189 | ||||||
2,011,461 | ||||||||
Capital Goods 6.1% | ||||||||
AGCO Corp. | 14,055 | 686,446 | ||||||
AMETEK, Inc. | 36,489 | 1,931,728 | ||||||
B/E Aerospace, Inc. * | 14,621 | 1,238,983 | ||||||
Caterpillar, Inc. | 94,464 | 10,303,188 | ||||||
Chicago Bridge & Iron Co. N.V. | 16,065 | 1,018,842 | ||||||
Colfax Corp. * | 14,524 | 923,872 | ||||||
Cummins, Inc. | 26,109 | 3,788,677 | ||||||
Danaher Corp. | 90,729 | 6,950,749 | ||||||
Deere & Co. | 55,055 | 4,629,575 | ||||||
Donaldson Co., Inc. | 20,236 | 847,079 | ||||||
Dover Corp. | 25,559 | 2,245,869 | ||||||
Fastenal Co. | 40,931 | 1,853,356 | ||||||
Flowserve Corp. | 20,837 | 1,581,320 | ||||||
Fluor Corp. | 24,403 | 1,803,138 | ||||||
Fortune Brands Home & Security, Inc. | 24,729 | 1,068,540 | ||||||
Illinois Tool Works, Inc. | 57,413 | 5,064,401 | ||||||
Jacobs Engineering Group, Inc. * | 19,668 | 1,060,302 | ||||||
Joy Global, Inc. | 15,792 | 997,265 | ||||||
Lincoln Electric Holdings, Inc. | 12,763 | 907,449 | ||||||
MSC Industrial Direct Co., Inc., Class A | 7,193 | 648,377 | ||||||
Nordson Corp. | 9,007 | 730,107 | ||||||
PACCAR, Inc. | 54,003 | 3,391,928 | ||||||
Pall Corp. | 16,720 | 1,410,666 | ||||||
Pentair plc | 29,796 | 2,028,214 | ||||||
Precision Castparts Corp. | 21,815 | 5,324,169 | ||||||
Quanta Services, Inc. * | 32,032 | 1,164,043 | ||||||
Roper Industries, Inc. | 15,385 | 2,316,366 | ||||||
Sensata Technologies Holding N.V. * | 23,679 | 1,164,296 | ||||||
SPX Corp. | 6,712 | 698,384 | ||||||
Stanley Black & Decker, Inc. | 23,846 | 2,181,909 | ||||||
The Boeing Co. | 101,528 | 12,873,750 | ||||||
TransDigm Group, Inc. | 7,326 | 1,377,215 | ||||||
United Rentals, Inc. * | 14,685 | 1,727,690 | ||||||
Valmont Industries, Inc. (a) | 3,891 | 547,658 | ||||||
W.W. Grainger, Inc. | 9,170 | 2,257,654 | ||||||
WABCO Holdings, Inc. * | 9,079 | 936,953 | ||||||
Wabtec Corp. | 14,377 | 1,198,467 | ||||||
90,878,625 | ||||||||
Commercial & Professional Services 0.8% | ||||||||
Copart, Inc. * | 16,699 | 574,947 | ||||||
Equifax, Inc. | 18,074 | 1,423,508 | ||||||
IHS, Inc., Class A * | 9,797 | 1,395,779 | ||||||
Nielsen N.V. (a) | 45,279 | 2,127,660 | ||||||
Robert Half International, Inc. | 20,796 | 1,044,167 | ||||||
Rollins, Inc. | 9,555 | 284,261 | ||||||
Stericycle, Inc. * | 12,761 | 1,516,645 | ||||||
The Dun & Bradstreet Corp. | 5,949 | 698,294 | ||||||
Towers Watson & Co., Class A | 9,604 | 1,052,886 | ||||||
Verisk Analytics, Inc., Class A * | 22,322 | 1,432,849 | ||||||
Waste Connections, Inc. | 18,405 | 902,949 | ||||||
12,453,945 | ||||||||
Consumer Durables & Apparel 2.0% | ||||||||
Carter’s, Inc. | 7,826 | 647,836 | ||||||
Coach, Inc. | 42,104 | 1,550,690 | ||||||
D.R. Horton, Inc. | 48,563 | 1,052,846 | ||||||
Fossil Group, Inc. * | 7,384 | 747,925 | ||||||
Jarden Corp. * | 18,690 | 1,117,475 | ||||||
Lululemon Athletica, Inc. * | 16,233 | 648,184 | ||||||
Michael Kors Holdings Ltd. * | 27,795 | 2,226,935 | ||||||
Mohawk Industries, Inc. * | 9,067 | 1,323,963 | ||||||
NIKE, Inc., Class B | 112,092 | 8,804,827 | ||||||
NVR, Inc. * | 630 | 739,110 | ||||||
Polaris Industries, Inc. | 10,005 | 1,454,527 | ||||||
PulteGroup, Inc. | 52,332 | 1,005,821 | ||||||
PVH Corp. | 12,128 | 1,415,823 | ||||||
Ralph Lauren Corp. | 9,030 | 1,527,876 | ||||||
Toll Brothers, Inc. * | 24,537 | 873,272 | ||||||
Under Armour, Inc., Class A * | 23,948 | 1,637,085 | ||||||
VF Corp. | 52,070 | 3,338,729 | ||||||
30,112,924 | ||||||||
Consumer Services 2.2% | ||||||||
Aramark | 10,100 | 261,590 | ||||||
Burger King Worldwide, Inc. | 9,107 | 291,788 | ||||||
Chipotle Mexican Grill, Inc. * | 4,605 | 3,125,183 | ||||||
Dunkin’ Brands Group, Inc. | 15,801 | 687,976 | ||||||
Extended Stay America, Inc. | 8,212 | 195,938 |
See financial notes 29
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Hilton Worldwide Holdings, Inc. * | 46,254 | 1,171,151 | ||||||
Hyatt Hotels Corp., Class A * | 8,447 | 516,027 | ||||||
Las Vegas Sands Corp. | 57,950 | 3,854,255 | ||||||
Marriott International, Inc., Class A | 34,454 | 2,391,108 | ||||||
Norwegian Cruise Line Holdings Ltd. * | 13,867 | 461,910 | ||||||
Panera Bread Co., Class A * | 4,187 | 627,799 | ||||||
Penn National Gaming, Inc. * | 10,081 | 113,814 | ||||||
Starbucks Corp. | 114,267 | 8,891,115 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 29,134 | 2,462,988 | ||||||
Wynn Resorts Ltd. | 12,052 | 2,324,590 | ||||||
Yum! Brands, Inc. | 66,757 | 4,835,210 | ||||||
32,212,442 | ||||||||
Diversified Financials 6.2% | ||||||||
Affiliated Managers Group, Inc. * | 8,360 | 1,765,214 | ||||||
Ally Financial, Inc. * | 14,502 | 356,749 | ||||||
American Express Co. | 138,196 | 12,375,452 | ||||||
Berkshire Hathaway, Inc., Class B * | 273,073 | 37,479,269 | ||||||
BlackRock, Inc. | 19,031 | 6,290,316 | ||||||
Discover Financial Services | 70,853 | 4,419,102 | ||||||
Franklin Resources, Inc. | 60,813 | 3,437,151 | ||||||
Intercontinental Exchange, Inc. | 17,506 | 3,308,634 | ||||||
LPL Financial Holdings, Inc. | 12,063 | 587,347 | ||||||
McGraw Hill Financial, Inc. | 41,159 | 3,339,230 | ||||||
Moody’s Corp. | 28,202 | 2,638,861 | ||||||
MSCI, Inc. * | 18,040 | 832,366 | ||||||
Santander Consumer USA Holdings, Inc. | 11,481 | 213,776 | ||||||
SEI Investments Co. | 21,610 | 818,911 | ||||||
State Street Corp. | 64,786 | 4,666,536 | ||||||
T. Rowe Price Group, Inc. | 39,737 | 3,218,498 | ||||||
TD Ameritrade Holding Corp. | 35,337 | 1,170,008 | ||||||
The Charles Schwab Corp. (b) | 175,888 | 5,014,567 | ||||||
91,931,987 | ||||||||
Energy 8.4% | ||||||||
Anadarko Petroleum Corp. | 76,607 | 8,632,843 | ||||||
Antero Resources Corp. * | 5,398 | 312,274 | ||||||
Baker Hughes, Inc. | 66,249 | 4,580,456 | ||||||
Cabot Oil & Gas Corp. | 63,005 | 2,113,188 | ||||||
Cameron International Corp. * | 30,907 | 2,297,317 | ||||||
Cheniere Energy, Inc. * | 33,258 | 2,669,287 | ||||||
Concho Resources, Inc. * | 16,817 | 2,388,687 | ||||||
CONSOL Energy, Inc. | 34,167 | 1,376,247 | ||||||
Continental Resources, Inc. * | 6,274 | 1,011,933 | ||||||
Core Laboratories N.V. | 6,785 | 1,071,962 | ||||||
CVR Energy, Inc. (a) | 1,993 | 98,913 | ||||||
Denbury Resources, Inc. | 55,853 | 961,789 | ||||||
Diamond Offshore Drilling, Inc. (a) | 10,181 | 447,353 | ||||||
Dresser-Rand Group, Inc. * | 11,387 | 789,119 | ||||||
Ensco plc, Class A | 35,004 | 1,767,002 | ||||||
EOG Resources, Inc. | 82,807 | 9,098,833 | ||||||
EQT Corp. | 23,160 | 2,294,230 | ||||||
FMC Technologies, Inc. * | 35,369 | 2,187,219 | ||||||
Halliburton Co. | 127,909 | 8,647,927 | ||||||
Helmerich & Payne, Inc. | 16,383 | 1,721,034 | ||||||
Hess Corp. | 40,567 | 4,101,324 | ||||||
HollyFrontier Corp. | 29,663 | 1,484,040 | ||||||
Kinder Morgan, Inc. | 100,888 | 4,061,751 | ||||||
Marathon Petroleum Corp. | 43,660 | 3,973,497 | ||||||
National Oilwell Varco, Inc. | 64,863 | 5,606,109 | ||||||
Noble Corp. plc | 37,970 | 1,080,626 | ||||||
Noble Energy, Inc. | 54,575 | 3,937,040 | ||||||
Oasis Petroleum, Inc. * | 14,714 | 723,782 | ||||||
Oceaneering International, Inc. | 16,162 | 1,124,229 | ||||||
Oil States International, Inc. * | 8,117 | 523,952 | ||||||
ONEOK, Inc. | 30,887 | 2,168,267 | ||||||
Paragon Offshore plc * | 12,652 | 117,917 | ||||||
Peabody Energy Corp. | 41,058 | 652,001 | ||||||
Pioneer Natural Resources Co. | 21,637 | 4,514,560 | ||||||
Range Resources Corp. | 25,519 | 2,005,538 | ||||||
Rowan Cos. plc, Class A | 18,555 | 562,588 | ||||||
Schlumberger Ltd. | 197,687 | 21,674,403 | ||||||
SM Energy Co. | 10,105 | 899,749 | ||||||
Southwestern Energy Co. * | 55,096 | 2,268,853 | ||||||
Superior Energy Services, Inc. | 25,634 | 918,722 | ||||||
Tesoro Corp. | 20,224 | 1,309,302 | ||||||
Transocean Ltd. (a) | 52,141 | 2,015,250 | ||||||
Weatherford International plc * | 115,061 | 2,725,795 | ||||||
Whiting Petroleum Corp. * | 17,867 | 1,655,556 | ||||||
124,572,464 | ||||||||
Food & Staples Retailing 3.4% | ||||||||
Costco Wholesale Corp. | 66,445 | 8,045,161 | ||||||
CVS Caremark Corp. | 176,939 | 14,057,804 | ||||||
Wal-Mart Stores, Inc. | 244,316 | 18,445,858 | ||||||
Walgreen Co. | 132,866 | 8,041,050 | ||||||
Whole Foods Market, Inc. | 55,809 | 2,184,364 | ||||||
50,774,237 | ||||||||
Food, Beverage & Tobacco 2.3% | ||||||||
Brown-Forman Corp., Class B | 24,344 | 2,255,715 | ||||||
Flowers Foods, Inc. | 26,192 | 512,839 | ||||||
Keurig Green Mountain, Inc. | 19,633 | 2,617,472 | ||||||
Mead Johnson Nutrition Co. | 30,310 | 2,897,636 | ||||||
Monster Beverage Corp. * | 20,819 | 1,840,608 | ||||||
PepsiCo, Inc. | 229,912 | 21,264,561 | ||||||
The Hershey Co. | 22,287 | 2,037,477 | ||||||
33,426,308 | ||||||||
Health Care Equipment & Services 6.5% | ||||||||
Aetna, Inc. | 54,594 | 4,483,805 | ||||||
AmerisourceBergen Corp. | 34,562 | 2,674,753 | ||||||
Baxter International, Inc. | 82,185 | 6,162,231 | ||||||
Becton Dickinson & Co. | 29,095 | 3,409,061 | ||||||
C.R. Bard, Inc. | 11,863 | 1,760,944 | ||||||
CareFusion Corp. * | 32,182 | 1,477,476 | ||||||
Cerner Corp. * | 44,134 | 2,544,766 | ||||||
Community Health Systems, Inc. * | 17,363 | 942,464 | ||||||
Covidien plc | 68,904 | 5,982,934 | ||||||
DaVita HealthCare Partners, Inc. * | 26,353 | 1,968,042 | ||||||
DENTSPLY International, Inc. | 21,173 | 1,010,058 | ||||||
Edwards Lifesciences Corp. * | 15,958 | 1,583,991 | ||||||
Envision Healthcare Holdings, Inc. * | 13,239 | 484,018 | ||||||
Express Scripts Holding Co. * | 116,823 | 8,636,724 | ||||||
HCA Holdings, Inc. * | 47,689 | 3,329,646 | ||||||
Henry Schein, Inc. * | 12,827 | 1,535,264 |
30 See financial notes
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Hologic, Inc. * | 40,478 | 1,006,688 | ||||||
IDEXX Laboratories, Inc. * | 7,854 | 973,660 | ||||||
IMS Health Holdings, Inc. * | 9,975 | 278,303 | ||||||
Intuitive Surgical, Inc. * | 5,688 | 2,673,417 | ||||||
Laboratory Corp. of America Holdings * | 13,352 | 1,431,735 | ||||||
McKesson Corp. | 34,892 | 6,804,987 | ||||||
MEDNAX, Inc. * | 15,038 | 860,926 | ||||||
Medtronic, Inc. | 151,873 | 9,697,091 | ||||||
Patterson Cos., Inc. | 12,543 | 505,107 | ||||||
Premier, Inc., Class A * | 4,254 | 134,341 | ||||||
Quest Diagnostics, Inc. | 21,622 | 1,366,727 | ||||||
ResMed, Inc. (a) | 21,148 | 1,121,901 | ||||||
Sirona Dental Systems, Inc. * | 8,335 | 679,386 | ||||||
Stryker Corp. | 44,875 | 3,738,536 | ||||||
The Cooper Cos., Inc. | 7,518 | 1,225,660 | ||||||
UnitedHealth Group, Inc. | 148,290 | 12,853,777 | ||||||
Universal Health Services, Inc., Class B | 13,300 | 1,522,052 | ||||||
Varian Medical Systems, Inc. * | 16,102 | 1,368,992 | ||||||
Veeva Systems, Inc., Class A *(a) | 4,421 | 132,497 | ||||||
96,361,960 | ||||||||
Household & Personal Products 1.0% | ||||||||
Church & Dwight Co., Inc. | 20,765 | 1,417,004 | ||||||
Colgate-Palmolive Co. | 131,973 | 8,542,612 | ||||||
Energizer Holdings, Inc. | 9,383 | 1,140,222 | ||||||
Herbalife Ltd. (a) | 11,589 | 590,807 | ||||||
The Estee Lauder Cos., Inc., Class A | 38,224 | 2,936,750 | ||||||
14,627,395 | ||||||||
Insurance 0.4% | ||||||||
Alleghany Corp. * | 2,482 | 1,070,065 | ||||||
Erie Indemnity Co., Class A | 3,647 | 279,032 | ||||||
Everest Re Group Ltd. | 7,242 | 1,186,529 | ||||||
Markel Corp. * | 2,103 | 1,387,559 | ||||||
PartnerRe Ltd. | 6,868 | 767,087 | ||||||
RenaissanceRe Holdings Ltd. | 6,642 | 680,074 | ||||||
White Mountains Insurance Group Ltd. | 769 | 487,731 | ||||||
5,858,077 | ||||||||
Materials 3.1% | ||||||||
Airgas, Inc. | 9,801 | 1,081,834 | ||||||
Ball Corp. | 21,607 | 1,385,009 | ||||||
CF Industries Holdings, Inc. | 7,871 | 2,028,121 | ||||||
Crown Holdings, Inc. * | 20,780 | 1,003,051 | ||||||
Ecolab, Inc. | 41,472 | 4,761,815 | ||||||
FMC Corp. | 20,320 | 1,343,965 | ||||||
LyondellBasell Industries N.V., Class A | 63,564 | 7,268,543 | ||||||
Monsanto Co. | 79,429 | 9,185,964 | ||||||
PPG Industries, Inc. | 20,841 | 4,290,328 | ||||||
Praxair, Inc. | 44,109 | 5,802,539 | ||||||
Rock-Tenn Co., Class A | 21,514 | 1,057,628 | ||||||
Royal Gold, Inc. | 9,679 | 752,542 | ||||||
Sigma-Aldrich Corp. | 17,960 | 1,867,840 | ||||||
The Sherwin-Williams Co. | 12,714 | 2,773,051 | ||||||
The Valspar Corp. | 12,023 | 970,977 | ||||||
W.R. Grace & Co. * | 11,428 | 1,131,715 | ||||||
46,704,922 | ||||||||
Media 3.8% | ||||||||
AMC Networks, Inc., Class A * | 8,727 | 546,092 | ||||||
Charter Communications, Inc., Class A * | 10,573 | 1,658,587 | ||||||
Comcast Corp., Class A | 393,879 | 21,556,998 | ||||||
DIRECTV * | 71,307 | 6,164,490 | ||||||
Discovery Communications, Inc., Class A * | 32,995 | 1,442,541 | ||||||
Discovery Communications, Inc., Class C * | 32,995 | 1,417,795 | ||||||
DISH Network Corp., Class A * | 31,470 | 2,039,571 | ||||||
Liberty Global plc, Class A * | 50,884 | 2,222,104 | ||||||
Liberty Global plc, Series C * | 61,468 | 2,577,353 | ||||||
Liberty Media Corp., Class A * | 15,235 | 750,019 | ||||||
Liberty Media Corp., Class C * | 30,488 | 1,477,753 | ||||||
Scripps Networks Interactive, Inc., Class A | 16,295 | 1,298,874 | ||||||
Sirius XM Holdings, Inc. * | 453,196 | 1,645,102 | ||||||
The Madison Square Garden Co., Class A * | 8,913 | 595,923 | ||||||
Time Warner Cable, Inc. | 42,204 | 6,243,238 | ||||||
Viacom, Inc., Class B | 59,166 | 4,801,321 | ||||||
56,437,761 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 11.3% | ||||||||
Actavis plc * | 39,973 | 9,073,072 | ||||||
Agilent Technologies, Inc. | 50,734 | 2,899,956 | ||||||
Alexion Pharmaceuticals, Inc. * | 29,767 | 5,039,255 | ||||||
Allergan, Inc. | 44,954 | 7,358,071 | ||||||
Amgen, Inc. | 114,556 | 15,966,815 | ||||||
Biogen Idec, Inc. * | 35,876 | 12,306,903 | ||||||
BioMarin Pharmaceutical, Inc. * | 21,778 | 1,551,029 | ||||||
Celgene Corp. * | 122,230 | 11,614,295 | ||||||
Covance, Inc. * | 9,450 | 783,405 | ||||||
Endo International plc * | 21,413 | 1,364,222 | ||||||
Gilead Sciences, Inc. * | 232,338 | 24,994,922 | ||||||
Illumina, Inc. * | 21,069 | 3,778,936 | ||||||
Incyte Corp. * | 23,068 | 1,250,286 | ||||||
Johnson & Johnson | 428,706 | 44,469,673 | ||||||
Medivation, Inc. * | 11,271 | 1,028,592 | ||||||
Mettler-Toledo International, Inc. * | 4,398 | 1,189,571 | ||||||
Perrigo Co., plc | 20,380 | 3,031,321 | ||||||
Pharmacyclics, Inc. * | 10,537 | 1,310,697 | ||||||
Regeneron Pharmaceuticals, Inc. * | 12,063 | 4,228,323 | ||||||
Seattle Genetics, Inc. * | 16,615 | 731,226 | ||||||
Thermo Fisher Scientific, Inc. | 60,339 | 7,253,351 | ||||||
Vertex Pharmaceuticals, Inc. * | 35,665 | 3,337,174 | ||||||
Waters Corp. * | 12,687 | 1,312,216 | ||||||
Zoetis, Inc. | 74,882 | 2,653,818 | ||||||
168,527,129 | ||||||||
Real Estate 3.1% | ||||||||
American Campus Communities, Inc. | 15,427 | 609,521 | ||||||
American Tower Corp. | 59,989 | 5,914,915 | ||||||
AvalonBay Communities, Inc. | 18,350 | 2,827,735 |
See financial notes 31
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Boston Properties, Inc. | 23,417 | 2,843,292 | ||||||
CBRE Group, Inc., Class A * | 41,545 | 1,320,300 | ||||||
Corrections Corp. of America | 17,303 | 616,679 | ||||||
Crown Castle International Corp. | 50,154 | 3,987,745 | ||||||
Digital Realty Trust, Inc. | 20,457 | 1,334,819 | ||||||
Essex Property Trust, Inc. | 9,354 | 1,809,531 | ||||||
Extra Space Storage, Inc. | 17,790 | 937,533 | ||||||
Federal Realty Investment Trust | 10,241 | 1,277,872 | ||||||
Host Hotels & Resorts, Inc. | 115,427 | 2,634,044 | ||||||
Jones Lang LaSalle, Inc. | 6,523 | 871,538 | ||||||
Public Storage | 21,986 | 3,851,508 | ||||||
Realogy Holdings Corp. * | 21,949 | 894,861 | ||||||
Simon Property Group, Inc. | 47,005 | 7,992,260 | ||||||
SL Green Realty Corp. | 14,438 | 1,578,795 | ||||||
Taubman Centers, Inc. | 9,547 | 727,195 | ||||||
The Macerich Co. | 20,981 | 1,369,850 | ||||||
Ventas, Inc. | 45,618 | 3,000,752 | ||||||
46,400,745 | ||||||||
Retailing 5.7% | ||||||||
Advance Auto Parts, Inc. | 11,234 | 1,532,542 | ||||||
Amazon.com, Inc. * | 56,402 | 19,122,534 | ||||||
AutoNation, Inc. * | 9,599 | 520,746 | ||||||
AutoZone, Inc. * | 5,009 | 2,699,050 | ||||||
Bed Bath & Beyond, Inc. * | 30,879 | 1,984,285 | ||||||
CarMax, Inc. * | 33,429 | 1,751,680 | ||||||
Dick’s Sporting Goods, Inc. | 15,127 | 681,774 | ||||||
Dollar General Corp. * | 45,881 | 2,935,925 | ||||||
Dollar Tree, Inc. * | 31,167 | 1,671,330 | ||||||
Family Dollar Stores, Inc. | 14,413 | 1,150,590 | ||||||
Groupon, Inc. * | 57,659 | 392,081 | ||||||
LKQ Corp. * | 44,847 | 1,273,655 | ||||||
Lowe’s Cos., Inc. | 150,933 | 7,925,492 | ||||||
Netflix, Inc. * | 9,087 | 4,340,315 | ||||||
Nordstrom, Inc. | 21,630 | 1,497,877 | ||||||
O’Reilly Automotive, Inc. * | 16,083 | 2,508,626 | ||||||
PetSmart, Inc. | 15,497 | 1,109,120 | ||||||
Ross Stores, Inc. | 32,355 | 2,440,214 | ||||||
Sally Beauty Holdings, Inc. * | 22,090 | 615,869 | ||||||
Sears Holdings Corp. *(a) | 6,535 | 227,418 | ||||||
Target Corp. | 95,636 | 5,744,855 | ||||||
The Priceline Group, Inc. * | 7,919 | 9,853,691 | ||||||
The TJX Cos., Inc. | 107,079 | 6,382,979 | ||||||
Tiffany & Co. | 17,159 | 1,732,029 | ||||||
Tractor Supply Co. | 20,880 | 1,397,916 | ||||||
TripAdvisor, Inc. * | 16,686 | 1,653,416 | ||||||
Ulta Salon, Cosmetics & Fragrance, Inc. * | 9,539 | 928,240 | ||||||
Urban Outfitters, Inc. * | 16,119 | 641,375 | ||||||
84,715,624 | ||||||||
Semiconductors & Semiconductor Equipment 0.8% | ||||||||
Altera Corp. | 47,765 | 1,688,015 | ||||||
Broadcom Corp., Class A | 84,077 | 3,310,953 | ||||||
Cree, Inc. * | 17,945 | 817,574 | ||||||
Freescale Semiconductor Ltd. * | 14,265 | 300,278 | ||||||
NVIDIA Corp. | 86,684 | 1,686,004 | ||||||
Skyworks Solutions, Inc. | 30,195 | 1,710,849 | ||||||
Xilinx, Inc. | 39,865 | 1,684,296 | ||||||
11,197,969 | ||||||||
Software & Services 17.3% | ||||||||
Accenture plc, Class A | 96,495 | 7,821,885 | ||||||
Activision Blizzard, Inc. | 75,349 | 1,773,716 | ||||||
Adobe Systems, Inc. * | 70,001 | 5,033,072 | ||||||
Akamai Technologies, Inc. * | 26,698 | 1,613,093 | ||||||
Alliance Data Systems Corp. * | 8,196 | 2,168,989 | ||||||
Amdocs Ltd. | 24,106 | 1,135,393 | ||||||
ANSYS, Inc. * | 13,797 | 1,121,696 | ||||||
Autodesk, Inc. * | 34,674 | 1,859,913 | ||||||
Automatic Data Processing, Inc. | 73,169 | 6,108,148 | ||||||
Citrix Systems, Inc. * | 24,777 | 1,740,832 | ||||||
Cognizant Technology Solutions Corp., Class A * | 91,599 | 4,188,822 | ||||||
Concur Technologies, Inc. * | 7,671 | 770,015 | ||||||
eBay, Inc. * | 172,624 | 9,580,632 | ||||||
Electronic Arts, Inc. * | 47,626 | 1,802,168 | ||||||
Equinix, Inc. * | 7,676 | 1,675,364 | ||||||
Facebook, Inc., Class A * | 260,180 | 19,466,668 | ||||||
FactSet Research Systems, Inc. | 6,019 | 766,821 | ||||||
Fidelity National Information Services, Inc. | 43,650 | 2,477,138 | ||||||
FireEye, Inc. * | 4,843 | 150,811 | ||||||
Fiserv, Inc. * | 38,273 | 2,467,460 | ||||||
FleetCor Technologies, Inc. * | 11,822 | 1,698,703 | ||||||
Gartner, Inc. * | 13,792 | 1,028,745 | ||||||
Genpact Ltd. * | 23,501 | 408,917 | ||||||
Global Payments, Inc. | 10,999 | 799,847 | ||||||
Google, Inc., Class A * | 42,858 | 24,958,785 | ||||||
Google, Inc., Class C * | 43,008 | 24,583,373 | ||||||
IAC/InterActiveCorp | 11,460 | 797,501 | ||||||
Informatica Corp. * | 16,038 | 546,174 | ||||||
Intuit, Inc. | 42,737 | 3,554,864 | ||||||
Jack Henry & Associates, Inc. | 12,520 | 723,781 | ||||||
LinkedIn Corp., Class A * | 15,245 | 3,441,559 | ||||||
MasterCard, Inc., Class A | 152,056 | 11,527,365 | ||||||
MICROS Systems, Inc. * | 12,226 | 831,001 | ||||||
Microsoft Corp. | 1,138,414 | 51,718,148 | ||||||
NetSuite, Inc. * | 4,427 | 387,982 | ||||||
Nuance Communications, Inc. * | 39,425 | 670,619 | ||||||
Oracle Corp. | 519,597 | 21,578,863 | ||||||
Rackspace Hosting, Inc. * | 16,950 | 586,470 | ||||||
Red Hat, Inc. * | 28,239 | 1,720,320 | ||||||
Sabre Corp. | 5,980 | 109,015 | ||||||
Salesforce.com, Inc. * | 85,659 | 5,061,590 | ||||||
ServiceNow, Inc. * | 15,969 | 976,185 | ||||||
Solera Holdings, Inc. | 10,251 | 624,901 | ||||||
Symantec Corp. | 104,620 | 2,540,174 | ||||||
Synopsys, Inc. * | 23,139 | 946,385 | ||||||
Teradata Corp. * | 24,445 | 1,116,403 | ||||||
TIBCO Software, Inc. * | 22,790 | 474,944 | ||||||
Twitter, Inc. * | 11,653 | 579,737 | ||||||
Vantiv, Inc., Class A * | 21,270 | 665,326 | ||||||
Visa, Inc., Class A | 76,068 | 16,165,971 | ||||||
VMware, Inc., Class A * | 12,800 | 1,261,824 | ||||||
Workday, Inc., Class A * | 5,395 | 491,323 | ||||||
256,299,431 | ||||||||
Technology Hardware & Equipment 10.5% | ||||||||
3D Systems Corp. *(a) | 15,461 | 827,318 | ||||||
Amphenol Corp., Class A | 23,819 | 2,453,595 |
32 See financial notes
Table of Contents
Schwab U.S. Large-Cap Growth ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Apple, Inc. | 914,177 | 93,703,143 | ||||||
Cisco Systems, Inc. | 775,394 | 19,377,096 | ||||||
EMC Corp. | 309,799 | 9,148,364 | ||||||
F5 Networks, Inc. * | 11,611 | 1,441,970 | ||||||
FLIR Systems, Inc. | 20,880 | 705,535 | ||||||
Juniper Networks, Inc. | 71,677 | 1,662,190 | ||||||
National Instruments Corp. | 14,514 | 481,139 | ||||||
NetApp, Inc. | 50,822 | 2,142,656 | ||||||
QUALCOMM, Inc. | 255,407 | 19,436,473 | ||||||
SanDisk Corp. | 34,422 | 3,371,979 | ||||||
Trimble Navigation Ltd. * | 40,012 | 1,330,799 | ||||||
156,082,257 | ||||||||
Telecommunication Services 0.4% | ||||||||
Level 3 Communications, Inc. * | 25,533 | 1,147,964 | ||||||
SBA Communications Corp., Class A * | 19,162 | 2,113,377 | ||||||
T-Mobile US, Inc. * | 38,719 | 1,164,667 | ||||||
tw telecom, Inc. * | 22,080 | 906,053 | ||||||
5,332,061 | ||||||||
Transportation 3.8% | ||||||||
C.H. Robinson Worldwide, Inc. | 22,537 | 1,538,376 | ||||||
CSX Corp. | 152,626 | 4,717,670 | ||||||
Delta Air Lines, Inc. | 128,458 | 5,084,368 | ||||||
Expeditors International of Washington, Inc. | 30,910 | 1,276,583 | ||||||
FedEx Corp. | 42,638 | 6,305,307 | ||||||
Genesee & Wyoming, Inc., Class A * | 7,507 | 738,163 | ||||||
Hertz Global Holdings, Inc. * | 71,873 | 2,123,847 | ||||||
J.B. Hunt Transport Services, Inc. | 13,674 | 1,033,071 | ||||||
Kansas City Southern | 16,621 | 1,917,399 | ||||||
Kirby Corp. * | 8,453 | 1,008,358 | ||||||
Southwest Airlines Co. | 105,771 | 3,385,730 | ||||||
Union Pacific Corp. | 137,045 | 14,426,727 | ||||||
United Continental Holdings, Inc. * | 56,110 | 2,671,397 | ||||||
United Parcel Service, Inc., Class B | 107,134 | 10,427,352 | ||||||
56,654,348 | ||||||||
Utilities 0.2% | ||||||||
AES Corp. | 98,271 | 1,491,754 | ||||||
Calpine Corp. * | 53,205 | 1,264,683 | ||||||
ITC Holdings Corp. | 23,217 | 867,155 | ||||||
3,623,592 | ||||||||
Total Common Stock | ||||||||
(Cost $1,093,683,669) | 1,482,757,384 | |||||||
Other Investment Companies 0.4% of net assets | ||||||||
Equity Fund 0.0% | ||||||||
iShares Russell 1000 Growth ETF | 5,000 | 466,250 | ||||||
Money Market Fund 0.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (c) | 624,118 | 624,118 | ||||||
Securities Lending Collateral 0.3% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (c) | 4,905,764 | 4,905,764 | ||||||
Total Other Investment Companies | ||||||||
(Cost $5,962,623) | 5,996,132 | |||||||
End of Investments | ||||||||
End of Collateral Invested for Securities on Loan |
At 08/31/14, the tax basis cost of the fund’s investments was $1,099,755,291 and the unrealized appreciation and depreciation were $394,453.955 and ($5,455,730), respectively, with a net unrealized appreciation of $388,998,225.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $4,777,840. | |
(b) | Issuer is affiliated with the fund’s adviser. | |
(c) | The rate shown is the 7-day yield. |
ETF — | Exchange Traded Fund | |
Reg’d — | Registered |
See financial notes 33
Table of Contents
Schwab U.S. Large-Cap Value ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .7% | Common Stock | 939,758,277 | 1,158,924,925 | ||||||||
0 | .1% | Other Investment Companies | 1,548,517 | 1,587,326 | ||||||||
99 | .8% | Total Investments | 941,306,794 | 1,160,512,251 | ||||||||
0 | .2% | Other Assets and Liabilities, Net | 2,063,901 | |||||||||
100 | .0% | Net Assets | 1,162,576,152 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 99.7% of net assets | ||||||||
Automobiles & Components 2.2% | ||||||||
Autoliv, Inc. | 11,272 | 1,168,794 | ||||||
Delphi Automotive plc | 33,158 | 2,307,134 | ||||||
Ford Motor Co. | 472,501 | 8,226,242 | ||||||
General Motors Co. | 156,713 | 5,453,612 | ||||||
Harley-Davidson, Inc. | 26,203 | 1,665,463 | ||||||
Johnson Controls, Inc. | 79,694 | 3,889,864 | ||||||
Lear Corp. | 9,450 | 955,678 | ||||||
TRW Automotive Holdings Corp. * | 13,651 | 1,314,455 | ||||||
24,981,242 | ||||||||
Banks 11.1% | ||||||||
Bank of America Corp. | 1,256,679 | 20,219,965 | ||||||
BB&T Corp. | 85,619 | 3,196,157 | ||||||
BOK Financial Corp. | 2,347 | 158,141 | ||||||
Citigroup, Inc. | 363,012 | 18,749,570 | ||||||
Comerica, Inc. | 22,037 | 1,109,343 | ||||||
Cullen/Frost Bankers, Inc. | 6,083 | 478,124 | ||||||
Fifth Third Bancorp | 100,753 | 2,055,865 | ||||||
First Republic Bank | 14,531 | 710,566 | ||||||
Hudson City Bancorp, Inc. | 61,402 | 606,038 | ||||||
Huntington Bancshares, Inc. | 97,425 | 959,149 | ||||||
JPMorgan Chase & Co. | 453,863 | 26,982,155 | ||||||
KeyCorp | 107,027 | 1,456,637 | ||||||
M&T Bank Corp. | 15,637 | 1,933,202 | ||||||
New York Community Bancorp, Inc. | 52,358 | 835,110 | ||||||
People’s United Financial, Inc. | 39,048 | 583,768 | ||||||
Regions Financial Corp. | 168,031 | 1,705,515 | ||||||
SunTrust Banks, Inc. | 63,255 | 2,408,750 | ||||||
The PNC Financial Services Group, Inc. | 63,778 | 5,405,185 | ||||||
U.S. Bancorp | 217,150 | 9,181,102 | ||||||
Wells Fargo & Co. | 573,579 | 29,504,904 | ||||||
Zions Bancorp | 24,214 | 705,596 | ||||||
128,944,842 | ||||||||
Capital Goods 9.0% | ||||||||
3M Co. | 74,424 | 10,717,056 | ||||||
Allison Transmission Holdings, Inc. | 19,610 | 601,635 | ||||||
Carlisle Cos., Inc. | 7,214 | 598,041 | ||||||
Eaton Corp. plc | 57,249 | 3,996,553 | ||||||
Emerson Electric Co. | 84,117 | 5,385,170 | ||||||
General Dynamics Corp. | 38,917 | 4,796,520 | ||||||
General Electric Co. | 1,200,123 | 31,179,196 | ||||||
Honeywell International, Inc. | 93,812 | 8,933,717 | ||||||
Hubbell, Inc., Class B | 6,555 | 792,499 | ||||||
IDEX Corp. | 9,436 | 726,006 | ||||||
Ingersoll-Rand plc | 30,588 | 1,841,398 | ||||||
KBR, Inc. | 18,077 | 398,056 | ||||||
L-3 Communications Holdings, Inc. | 10,427 | 1,146,449 | ||||||
Lockheed Martin Corp. | 31,755 | 5,525,370 | ||||||
Masco Corp. | 42,902 | 1,006,910 | ||||||
Northrop Grumman Corp. | 25,661 | 3,264,592 | ||||||
Oshkosh Corp. | 9,908 | 492,229 | ||||||
Owens Corning | 12,948 | 466,128 | ||||||
Parker-Hannifin Corp. | 17,849 | 2,061,559 | ||||||
Raytheon Co. | 37,763 | 3,638,087 | ||||||
Rockwell Automation, Inc. | 16,707 | 1,948,203 | ||||||
Rockwell Collins, Inc. | 16,128 | 1,241,533 | ||||||
Snap-on, Inc. | 6,719 | 839,539 | ||||||
Textron, Inc. | 34,299 | 1,303,362 | ||||||
The Timken Co. | 9,299 | 421,152 | ||||||
United Technologies Corp. | 100,685 | 10,871,966 | ||||||
Veritiv Corp. * | 967 | 43,051 | ||||||
Xylem, Inc. | 21,633 | 806,046 | ||||||
105,042,023 | ||||||||
Commercial & Professional Services 0.8% | ||||||||
Cintas Corp. | 11,958 | 790,902 | ||||||
Iron Mountain, Inc. | 20,435 | 735,251 | ||||||
Manpowergroup, Inc. | 9,626 | 746,785 | ||||||
Republic Services, Inc. | 31,803 | 1,250,812 | ||||||
The ADT Corp. | 21,609 | 796,508 | ||||||
Tyco International Ltd. | 55,595 | 2,480,649 | ||||||
Waste Management, Inc. | 51,093 | 2,399,838 | ||||||
9,200,745 | ||||||||
Consumer Durables & Apparel 0.7% | ||||||||
Garmin Ltd. | 14,450 | 785,069 | ||||||
Hanesbrands, Inc. | 12,066 | 1,238,937 | ||||||
Hasbro, Inc. | 14,133 | 744,173 | ||||||
Leggett & Platt, Inc. | 16,707 | 586,249 | ||||||
Lennar Corp., Class A | 20,696 | 810,869 | ||||||
Mattel, Inc. | 40,377 | 1,392,603 | ||||||
Newell Rubbermaid, Inc. | 34,458 | 1,155,032 | ||||||
Tupperware Brands Corp. | 5,686 | 416,556 | ||||||
Whirlpool Corp. | 9,253 | 1,415,894 | ||||||
8,545,382 | ||||||||
Consumer Services 1.6% | ||||||||
Carnival Corp. | 52,748 | 1,998,094 |
34 See financial notes
Table of Contents
Schwab U.S. Large-Cap Value ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Darden Restaurants, Inc. | 15,790 | 747,183 | ||||||
H&R Block, Inc. | 33,587 | 1,126,172 | ||||||
International Game Technology | 31,532 | 531,629 | ||||||
McDonald’s Corp. | 118,121 | 11,070,300 | ||||||
MGM Resorts International * | 39,089 | 956,508 | ||||||
Royal Caribbean Cruises Ltd. | 19,847 | 1,265,445 | ||||||
Wyndham Worldwide Corp. | 15,589 | 1,261,774 | ||||||
18,957,105 | ||||||||
Diversified Financials 3.5% | ||||||||
Ameriprise Financial, Inc. | 22,572 | 2,838,655 | ||||||
Capital One Financial Corp. | 68,081 | 5,586,727 | ||||||
CME Group, Inc. | 37,571 | 2,876,060 | ||||||
Eaton Vance Corp. | 14,655 | 573,890 | ||||||
FNFV Group * | 10,704 | 160,346 | ||||||
Invesco Ltd. | 51,978 | 2,122,781 | ||||||
Legg Mason, Inc. | 12,284 | 605,847 | ||||||
Leucadia National Corp. | 38,777 | 966,711 | ||||||
Morgan Stanley | 167,951 | 5,762,399 | ||||||
Navient Corp. | 51,264 | 919,676 | ||||||
Northern Trust Corp. | 26,500 | 1,837,775 | ||||||
Raymond James Financial, Inc. | 14,452 | 789,657 | ||||||
SLM Corp. | 51,264 | 454,199 | ||||||
The Bank of New York Mellon Corp. | 136,024 | 5,329,420 | ||||||
The Goldman Sachs Group, Inc. | 50,038 | 8,962,306 | ||||||
The NASDAQ OMX Group, Inc. | 13,512 | 587,367 | ||||||
Voya Financial, Inc. | 16,256 | 635,447 | ||||||
41,009,263 | ||||||||
Energy 11.9% | ||||||||
Apache Corp. | 45,967 | 4,680,820 | ||||||
Chesapeake Energy Corp. | 59,472 | 1,617,638 | ||||||
Chevron Corp. | 227,925 | 29,504,891 | ||||||
Cimarex Energy Co. | 10,513 | 1,526,067 | ||||||
Cobalt International Energy, Inc. * | 35,552 | 545,723 | ||||||
ConocoPhillips | 146,792 | 11,922,446 | ||||||
Devon Energy Corp. | 45,635 | 3,441,792 | ||||||
Exxon Mobil Corp. | 513,949 | 51,117,368 | ||||||
Marathon Oil Corp. | 81,960 | 3,416,912 | ||||||
Murphy Oil Corp. | 20,554 | 1,284,008 | ||||||
Nabors Industries Ltd. | 30,495 | 829,769 | ||||||
Occidental Petroleum Corp. | 94,529 | 9,805,493 | ||||||
Phillips 66 | 67,428 | 5,867,585 | ||||||
QEP Resources, Inc. | 20,826 | 740,781 | ||||||
Seventy Seven Energy, Inc. * | 4,211 | 98,832 | ||||||
Spectra Energy Corp. | 80,142 | 3,338,716 | ||||||
The Williams Cos., Inc. | 88,418 | 5,255,566 | ||||||
Valero Energy Corp. | 63,672 | 3,447,202 | ||||||
138,441,609 | ||||||||
Food & Staples Retailing 0.6% | ||||||||
Safeway, Inc. | 27,247 | 947,651 | ||||||
Sprouts Farmers Market, Inc. * | 10,955 | 338,948 | ||||||
Sysco Corp. | 70,693 | 2,674,316 | ||||||
The Kroger Co. | 62,220 | 3,171,975 | ||||||
7,132,890 | ||||||||
Food, Beverage & Tobacco 7.5% | ||||||||
Altria Group, Inc. | 237,723 | 10,241,107 | ||||||
Archer-Daniels-Midland Co. | 77,980 | 3,888,083 | ||||||
Bunge Ltd. | 17,248 | 1,460,043 | ||||||
Campbell Soup Co. | 20,964 | 939,606 | ||||||
Coca-Cola Enterprises, Inc. | 27,979 | 1,336,837 | ||||||
ConAgra Foods, Inc. | 49,479 | 1,593,224 | ||||||
Constellation Brands, Inc., Class A * | 20,085 | 1,749,203 | ||||||
Dr. Pepper Snapple Group, Inc. | 23,811 | 1,498,188 | ||||||
General Mills, Inc. | 73,912 | 3,945,423 | ||||||
Hormel Foods Corp. | 15,782 | 799,832 | ||||||
Ingredion, Inc. | 9,216 | 735,068 | ||||||
Kellogg Co. | 30,566 | 1,985,873 | ||||||
Kraft Foods Group, Inc. | 71,418 | 4,206,520 | ||||||
Lorillard, Inc. | 43,667 | 2,606,920 | ||||||
McCormick & Co., Inc. Non-Voting Shares | 15,731 | 1,096,293 | ||||||
Molson Coors Brewing Co., Class B | 19,649 | 1,453,043 | ||||||
Mondelez International, Inc., Class A | 201,783 | 7,302,527 | ||||||
Philip Morris International, Inc. | 188,071 | 16,095,116 | ||||||
Reynolds American, Inc. | 37,112 | 2,169,939 | ||||||
The Coca-Cola Co. | 451,786 | 18,848,512 | ||||||
The J.M. Smucker Co. | 12,336 | 1,265,674 | ||||||
Tyson Foods, Inc., Class A | 35,188 | 1,339,255 | ||||||
86,556,286 | ||||||||
Health Care Equipment & Services 2.4% | ||||||||
Abbott Laboratories | 180,295 | 7,615,661 | ||||||
Boston Scientific Corp. * | 157,747 | 2,000,232 | ||||||
Cardinal Health, Inc. | 40,377 | 2,975,785 | ||||||
Cigna Corp. | 32,444 | 3,069,203 | ||||||
Humana, Inc. | 18,327 | 2,359,418 | ||||||
Omnicare, Inc. | 12,077 | 770,150 | ||||||
St. Jude Medical, Inc. | 33,722 | 2,211,826 | ||||||
Tenet Healthcare Corp. * | 11,952 | 731,223 | ||||||
WellPoint, Inc. | 33,387 | 3,889,919 | ||||||
Zimmer Holdings, Inc. | 19,871 | 1,973,389 | ||||||
27,596,806 | ||||||||
Household & Personal Products 2.9% | ||||||||
Avon Products, Inc. | 51,869 | 728,241 | ||||||
Coty, Inc., Class A | 6,658 | 114,451 | ||||||
Kimberly-Clark Corp. | 45,003 | 4,860,324 | ||||||
The Clorox Co. | 15,229 | 1,349,289 | ||||||
The Procter & Gamble Co. | 323,910 | 26,920,160 | ||||||
33,972,465 | ||||||||
Insurance 5.8% | ||||||||
ACE Ltd. | 40,164 | 4,270,638 | ||||||
Aflac, Inc. | 53,972 | 3,305,245 | ||||||
American Financial Group, Inc. | 8,271 | 496,012 | ||||||
American International Group, Inc. | 174,103 | 9,760,214 | ||||||
Aon plc | 35,562 | 3,099,584 | ||||||
Arch Capital Group Ltd. * | 13,680 | 760,334 | ||||||
Arthur J. Gallagher & Co. | 19,245 | 908,941 | ||||||
Axis Capital Holdings Ltd. | 12,439 | 599,809 | ||||||
Brown & Brown, Inc. | 13,719 | 447,514 | ||||||
Cincinnati Financial Corp. | 17,367 | 835,179 | ||||||
CNA Financial Corp. | 3,040 | 117,861 | ||||||
FNF Group * | 32,117 | 909,232 | ||||||
Genworth Financial, Inc., Class A * | 59,874 | 849,612 |
See financial notes 35
Table of Contents
Schwab U.S. Large-Cap Value ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
HCC Insurance Holdings, Inc. | 11,760 | 589,646 | ||||||
Lincoln National Corp. | 31,055 | 1,709,267 | ||||||
Loews Corp. | 35,913 | 1,570,835 | ||||||
Marsh & McLennan Cos., Inc. | 65,565 | 3,481,502 | ||||||
MetLife, Inc. | 134,842 | 7,381,251 | ||||||
Principal Financial Group, Inc. | 33,158 | 1,800,148 | ||||||
Prudential Financial, Inc. | 55,282 | 4,958,795 | ||||||
Reinsurance Group of America, Inc. | 8,250 | 684,585 | ||||||
The Allstate Corp. | 51,690 | 3,178,418 | ||||||
The Chubb Corp. | 29,039 | 2,670,136 | ||||||
The Hartford Financial Services Group, Inc. | 53,458 | 1,980,619 | ||||||
The Progressive Corp. | 64,901 | 1,623,823 | ||||||
The Travelers Cos., Inc. | 41,780 | 3,956,984 | ||||||
Torchmark Corp. | 16,062 | 876,182 | ||||||
Unum Group | 30,978 | 1,123,572 | ||||||
Validus Holdings Ltd. | 10,751 | 420,472 | ||||||
W.R. Berkley Corp. | 12,983 | 627,728 | ||||||
Willis Group Holdings plc | 21,950 | 921,242 | ||||||
XL Group plc | 33,928 | 1,159,659 | ||||||
67,075,039 | ||||||||
Materials 4.1% | ||||||||
Air Products & Chemicals, Inc. | 25,279 | 3,367,416 | ||||||
Albemarle Corp. | 9,435 | 599,877 | ||||||
Alcoa, Inc. | 138,522 | 2,300,850 | ||||||
Ashland, Inc. | 8,879 | 952,006 | ||||||
Avery Dennison Corp. | 11,313 | 544,495 | ||||||
Bemis Co., Inc. | 11,847 | 482,647 | ||||||
Celanese Corp., Series A | 18,921 | 1,183,319 | ||||||
E.I. du Pont de Nemours & Co. | 109,327 | 7,227,608 | ||||||
Eastman Chemical Co. | 17,993 | 1,483,883 | ||||||
Freeport-McMoRan, Inc. | 123,397 | 4,487,949 | ||||||
Huntsman Corp. | 24,289 | 653,131 | ||||||
International Flavors & Fragrances, Inc. | 9,616 | 976,890 | ||||||
International Paper Co. | 52,391 | 2,538,344 | ||||||
Martin Marietta Materials, Inc. | 7,476 | 979,057 | ||||||
MeadWestvaco Corp. | 20,928 | 899,904 | ||||||
Newmont Mining Corp. | 58,414 | 1,582,435 | ||||||
Nucor Corp. | 38,457 | 2,088,984 | ||||||
Owens-Illinois, Inc. * | 19,315 | 594,709 | ||||||
Packaging Corp. of America | 11,434 | 777,398 | ||||||
Rayonier Advanced Materials, Inc. *(a) | 4,905 | 162,895 | ||||||
Reliance Steel & Aluminum Co. | 9,304 | 650,536 | ||||||
Rockwood Holdings, Inc. | 9,095 | 736,513 | ||||||
RPM International, Inc. | 16,183 | 762,705 | ||||||
Sealed Air Corp. | 23,109 | 834,235 | ||||||
The Dow Chemical Co. | 144,311 | 7,727,854 | ||||||
The Mosaic Co. | 38,546 | 1,840,957 | ||||||
TimkenSteel Corp. | 4,630 | 221,221 | ||||||
Vulcan Materials Co. | 15,189 | 962,679 | ||||||
Westlake Chemical Corp. | 4,588 | 445,632 | ||||||
48,066,129 | ||||||||
Media 3.7% | ||||||||
Cablevision Systems Corp., Class A | 25,233 | 467,063 | ||||||
CBS Corp., Class B Non-Voting Shares | 58,155 | 3,448,010 | ||||||
Gannett Co., Inc. | 26,869 | 907,097 | ||||||
Lamar Advertising Co., Class A | 7,769 | 407,717 | ||||||
News Corp., Class A * | 59,525 | 1,049,128 | ||||||
Omnicom Group, Inc. | 31,105 | 2,239,871 | ||||||
The Interpublic Group of Cos., Inc. | 50,731 | 990,776 | ||||||
The Walt Disney Co. | 192,551 | 17,306,484 | ||||||
Time Warner, Inc. | 105,097 | 8,095,622 | ||||||
Twenty-First Century Fox, Inc., Class A | 228,185 | 8,082,313 | ||||||
42,994,081 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 6.5% | ||||||||
AbbVie, Inc. | 190,037 | 10,505,245 | ||||||
Bristol-Myers Squibb Co. | 199,295 | 10,094,292 | ||||||
Eli Lilly & Co. | 117,557 | 7,471,923 | ||||||
Hospira, Inc. * | 20,446 | 1,098,768 | ||||||
Merck & Co., Inc. | 349,905 | 21,032,789 | ||||||
Mylan, Inc. * | 44,996 | 2,186,806 | ||||||
PerkinElmer, Inc. | 13,403 | 601,125 | ||||||
Pfizer, Inc. | 762,922 | 22,422,278 | ||||||
Quintiles Transnational Holdings, Inc. * | 6,102 | 342,444 | ||||||
75,755,670 | ||||||||
Real Estate 2.6% | ||||||||
Alexandria Real Estate Equities, Inc. | 8,293 | 655,645 | ||||||
American Capital Agency Corp. | 43,508 | 1,028,964 | ||||||
Annaly Capital Management, Inc. | 113,108 | 1,345,985 | ||||||
Apartment Investment & Management Co., Class A | 17,780 | 609,321 | ||||||
Brixmor Property Group, Inc. | 10,146 | 240,156 | ||||||
Camden Property Trust | 11,043 | 826,458 | ||||||
DDR Corp. | 33,642 | 612,957 | ||||||
Duke Realty Corp. | 39,610 | 736,746 | ||||||
Equity Residential | 40,379 | 2,683,992 | ||||||
General Growth Properties, Inc. | 62,650 | 1,539,310 | ||||||
HCP, Inc. | 54,534 | 2,362,958 | ||||||
Health Care REIT, Inc. | 37,120 | 2,508,570 | ||||||
Kilroy Realty Corp. | 9,440 | 597,080 | ||||||
Kimco Realty Corp. | 51,806 | 1,216,923 | ||||||
Liberty Property Trust | 17,929 | 635,045 | ||||||
National Retail Properties, Inc. | 14,026 | 520,926 | ||||||
Plum Creek Timber Co., Inc. | 20,576 | 836,003 | ||||||
Prologis, Inc. | 59,365 | 2,430,403 | ||||||
Rayonier, Inc. | 14,715 | 504,283 | ||||||
Realty Income Corp. | 25,996 | 1,162,541 | ||||||
Regency Centers Corp. | 10,802 | 617,226 | ||||||
Senior Housing Properties Trust | 24,030 | 560,620 | ||||||
UDR, Inc. | 29,443 | 880,935 | ||||||
Vornado Realty Trust | 21,025 | 2,225,917 | ||||||
Weingarten Realty Investors | 13,174 | 450,814 | ||||||
Weyerhaeuser Co. | 64,080 | 2,175,516 | ||||||
WP Carey, Inc. | 7,214 | 492,572 | ||||||
30,457,866 | ||||||||
Retailing 2.9% | ||||||||
Abercrombie & Fitch Co., Class A | 9,171 | 383,348 | ||||||
Best Buy Co., Inc. | 32,265 | 1,028,931 | ||||||
Dillard’s, Inc., Class A | 2,788 | 318,724 |
36 See financial notes
Table of Contents
Schwab U.S. Large-Cap Value ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Expedia, Inc. | 11,900 | 1,022,210 | ||||||
Foot Locker, Inc. | 17,622 | 988,770 | ||||||
GameStop Corp., Class A | 13,635 | 575,397 | ||||||
Genuine Parts Co. | 18,189 | 1,595,903 | ||||||
Kohl’s Corp. | 24,332 | 1,430,478 | ||||||
L Brands, Inc. | 29,464 | 1,881,276 | ||||||
Liberty Interactive Corp., Class A * | 56,824 | 1,677,445 | ||||||
Macy’s, Inc. | 43,126 | 2,686,319 | ||||||
Signet Jewelers Ltd. | 9,421 | 1,110,453 | ||||||
Staples, Inc. | 78,258 | 914,054 | ||||||
The Gap, Inc. | 31,013 | 1,431,250 | ||||||
The Home Depot, Inc. | 163,684 | 15,304,454 | ||||||
Williams-Sonoma, Inc. | 10,546 | 693,610 | ||||||
33,042,622 | ||||||||
Semiconductors & Semiconductor Equipment 4.0% | ||||||||
Analog Devices, Inc. | 37,385 | 1,911,121 | ||||||
Applied Materials, Inc. | 144,482 | 3,338,256 | ||||||
Avago Technologies Ltd. | 29,768 | 2,443,655 | ||||||
Intel Corp. | 595,242 | 20,785,851 | ||||||
KLA-Tencor Corp. | 19,758 | 1,509,906 | ||||||
Lam Research Corp. | 19,046 | 1,369,598 | ||||||
Linear Technology Corp. | 28,598 | 1,290,056 | ||||||
Marvell Technology Group Ltd. | 51,582 | 717,506 | ||||||
Maxim Integrated Products, Inc. | 34,303 | 1,059,620 | ||||||
Microchip Technology, Inc. | 24,241 | 1,183,688 | ||||||
Micron Technology, Inc. * | 127,985 | 4,172,311 | ||||||
Texas Instruments, Inc. | 129,341 | 6,231,649 | ||||||
46,013,217 | ||||||||
Software & Services 3.0% | ||||||||
CA, Inc. | 38,527 | 1,088,002 | ||||||
Cadence Design Systems, Inc. * | 34,391 | 606,657 | ||||||
Computer Sciences Corp. | 17,395 | 1,040,047 | ||||||
International Business Machines Corp. | 114,186 | 21,957,968 | ||||||
Leidos Holdings, Inc. | 7,417 | 279,250 | ||||||
Paychex, Inc. | 38,149 | 1,588,906 | ||||||
The Western Union Co. | 65,911 | 1,151,465 | ||||||
Total System Services, Inc. | 19,063 | 599,722 | ||||||
VeriSign, Inc. * | 14,780 | 843,569 | ||||||
Xerox Corp. | 134,627 | 1,859,199 | ||||||
Yahoo! Inc. * | 111,403 | 4,290,130 | ||||||
35,304,915 | ||||||||
Technology Hardware & Equipment 2.2% | ||||||||
Arrow Electronics, Inc. * | 12,117 | 754,283 | ||||||
Avnet, Inc. | 16,646 | 740,913 | ||||||
Corning, Inc. | 155,823 | 3,250,468 | ||||||
Harris Corp. | 12,893 | 920,431 | ||||||
Hewlett-Packard Co. | 225,434 | 8,566,492 | ||||||
Jabil Circuit, Inc. | 21,591 | 465,934 | ||||||
Motorola Solutions, Inc. | 26,934 | 1,599,880 | ||||||
NCR Corp. * | 19,910 | 680,126 | ||||||
Seagate Technology plc | 39,067 | 2,444,813 | ||||||
TE Connectivity Ltd. | 48,600 | 3,046,248 | ||||||
Western Digital Corp. | 24,730 | 2,547,437 | ||||||
25,017,025 | ||||||||
Telecommunication Services 4.4% | ||||||||
AT&T, Inc. | 621,386 | 21,723,655 | ||||||
CenturyLink, Inc. | 68,428 | 2,804,864 | ||||||
Frontier Communications Corp. | 116,952 | 795,274 | ||||||
Sprint Corp. * | 106,843 | 599,389 | ||||||
Verizon Communications, Inc. | 495,738 | 24,697,667 | ||||||
Windstream Holdings, Inc. (a) | 69,605 | 786,536 | ||||||
51,407,385 | ||||||||
Transportation 0.3% | ||||||||
Norfolk Southern Corp. | 37,067 | 3,966,169 | ||||||
Utilities 6.0% | ||||||||
AGL Resources, Inc. | 14,197 | 756,842 | ||||||
Alliant Energy Corp. | 13,000 | 760,370 | ||||||
Ameren Corp. | 28,647 | 1,145,594 | ||||||
American Electric Power Co., Inc. | 58,484 | 3,140,591 | ||||||
American Water Works Co., Inc. | 21,113 | 1,068,529 | ||||||
Aqua America, Inc. | 21,630 | 540,966 | ||||||
CenterPoint Energy, Inc. | 50,327 | 1,250,123 | ||||||
CMS Energy Corp. | 32,900 | 1,004,766 | ||||||
Consolidated Edison, Inc. | 35,372 | 2,047,685 | ||||||
Dominion Resources, Inc. | 69,640 | 4,890,121 | ||||||
DTE Energy Co. | 21,468 | 1,679,871 | ||||||
Duke Energy Corp. | 84,414 | 6,245,792 | ||||||
Edison International | 39,344 | 2,326,804 | ||||||
Entergy Corp. | 21,559 | 1,668,882 | ||||||
Exelon Corp. | 102,746 | 3,433,771 | ||||||
FirstEnergy Corp. | 50,794 | 1,739,187 | ||||||
Integrys Energy Group, Inc. | 9,616 | 652,830 | ||||||
MDU Resources Group, Inc. | 22,753 | 712,396 | ||||||
National Fuel Gas Co. | 10,188 | 778,771 | ||||||
NextEra Energy, Inc. | 52,072 | 5,126,488 | ||||||
NiSource, Inc. | 37,977 | 1,506,548 | ||||||
Northeast Utilities | 38,106 | 1,748,684 | ||||||
NRG Energy, Inc. | 41,383 | 1,273,769 | ||||||
OGE Energy Corp. | 23,219 | 871,177 | ||||||
Pepco Holdings, Inc. | 28,925 | 797,173 | ||||||
PG&E Corp. | 55,126 | 2,562,256 | ||||||
Pinnacle West Capital Corp. | 13,434 | 765,066 | ||||||
PPL Corp. | 79,531 | 2,754,158 | ||||||
Public Service Enterprise Group, Inc. | 60,602 | 2,265,909 | ||||||
Questar Corp. | 21,913 | 515,175 | ||||||
SCANA Corp. | 17,320 | 899,601 | ||||||
Sempra Energy | 27,381 | 2,901,565 | ||||||
TECO Energy, Inc. | 27,936 | 505,642 | ||||||
The Southern Co. | 106,146 | 4,712,882 | ||||||
UGI Corp. | 13,182 | 698,382 | ||||||
Westar Energy, Inc. | 14,688 | 542,428 | ||||||
Wisconsin Energy Corp. | 26,742 | 1,212,215 | ||||||
Xcel Energy, Inc. | 60,566 | 1,941,140 | ||||||
69,444,149 | ||||||||
Total Common Stock | ||||||||
(Cost $939,758,277) | 1,158,924,925 | |||||||
See financial notes 37
Table of Contents
Schwab U.S. Large-Cap Value ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Other Investment Companies 0.1% of net assets | ||||||||
Equity Fund 0.1% | ||||||||
iShares Russell 1000 Value ETF | 11,000 | 1,129,040 | ||||||
Money Market Fund 0.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (b) | 458,084 | 458,084 | ||||||
Securities Lending Collateral 0.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (b) | 202 | 202 | ||||||
Total Other Investment Companies | ||||||||
(Cost $1,548,517) | 1,587,326 | |||||||
End of Investments |
At 08/31/14, the tax basis cost of the fund’s investments was $941,769,305 and the unrealized appreciation and depreciation were $220,956,500 and ($2,213,554), respectively, with a net unrealized appreciation $218,742,946.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $122,158. | |
(b) | The rate shown is the 7-day yield. |
ETF — | Exchange Traded Fund | |
REIT — | Real Estate Investment Trust |
38 See financial notes
Table of Contents
Schwab U.S. Mid-Cap ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .9% | Common Stock | 985,694,317 | 1,189,455,202 | ||||||||
0 | .9% | Other Investment Companies | 10,125,970 | 10,126,276 | ||||||||
100 | .8% | Total Investments | 995,820,287 | 1,199,581,478 | ||||||||
(0 | .8)% | Other Assets and Liabilities, Net | (9,064,556 | ) | ||||||||
100 | .0% | Net Assets | 1,190,516,922 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 99.9% of net assets | ||||||||
Automobiles & Components 1.5% | ||||||||
Dana Holding Corp. | 72,544 | 1,685,197 | ||||||
Gentex Corp. | 69,284 | 2,047,342 | ||||||
Lear Corp. | 37,633 | 3,805,825 | ||||||
The Goodyear Tire & Rubber Co. | 128,776 | 3,344,313 | ||||||
TRW Automotive Holdings Corp. * | 51,749 | 4,982,911 | ||||||
Visteon Corp. * | 22,345 | 2,261,091 | ||||||
18,126,679 | ||||||||
Banks 3.6% | ||||||||
Associated Banc-Corp. | 74,683 | 1,357,737 | ||||||
BankUnited, Inc. | 48,144 | 1,518,943 | ||||||
BOK Financial Corp. | 9,660 | 650,891 | ||||||
City National Corp. | 22,096 | 1,676,644 | ||||||
Commerce Bancshares, Inc. | 37,927 | 1,749,573 | ||||||
Cullen/Frost Bankers, Inc. | 24,109 | 1,894,967 | ||||||
East West Bancorp, Inc. | 66,446 | 2,314,979 | ||||||
First Horizon National Corp. | 110,554 | 1,344,337 | ||||||
First Niagara Financial Group, Inc. | 165,241 | 1,437,597 | ||||||
First Republic Bank | 57,627 | 2,817,960 | ||||||
Hancock Holding Co. | 39,752 | 1,321,356 | ||||||
Hudson City Bancorp, Inc. | 223,867 | 2,209,567 | ||||||
Huntington Bancshares, Inc. | 386,336 | 3,803,478 | ||||||
Nationstar Mortgage Holdings, Inc. * | 9,697 | 339,395 | ||||||
New York Community Bancorp, Inc. | 204,036 | 3,254,374 | ||||||
Ocwen Financial Corp. * | 54,098 | 1,511,498 | ||||||
People’s United Financial, Inc. | 147,650 | 2,207,368 | ||||||
Popular, Inc. * | 47,479 | 1,469,950 | ||||||
Prosperity Bancshares, Inc. | 27,638 | 1,669,335 | ||||||
Signature Bank * | 23,520 | 2,786,179 | ||||||
SVB Financial Group * | 22,933 | 2,552,902 | ||||||
TFS Financial Corp. * | 35,953 | 519,161 | ||||||
Zions Bancorp | 94,080 | 2,741,491 | ||||||
43,149,682 | ||||||||
Capital Goods 12.0% | ||||||||
A.O. Smith Corp. | 34,694 | 1,702,782 | ||||||
Acuity Brands, Inc. | 19,992 | 2,476,609 | ||||||
AECOM Technology Corp. * | 47,138 | 1,783,702 | ||||||
AGCO Corp. | 40,573 | 1,981,585 | ||||||
Allegion plc | 41,749 | 2,147,151 | ||||||
Allison Transmission Holdings, Inc. | 76,633 | 2,351,100 | ||||||
Armstrong World Industries, Inc. * | 21,170 | 1,221,086 | ||||||
B/E Aerospace, Inc. * | 46,453 | 3,936,427 | ||||||
Carlisle Cos., Inc. | 29,401 | 2,437,343 | ||||||
Chicago Bridge & Iron Co. N.V. | 50,738 | 3,217,804 | ||||||
CLARCOR, Inc. | 23,134 | 1,462,300 | ||||||
Colfax Corp. * | 43,946 | 2,795,405 | ||||||
Crane Co. | 22,306 | 1,552,275 | ||||||
Donaldson Co., Inc. | 61,156 | 2,559,990 | ||||||
EMCOR Group, Inc. | 32,457 | 1,402,142 | ||||||
Fortune Brands Home & Security, Inc. | 77,618 | 3,353,874 | ||||||
Generac Holdings, Inc. * | 31,754 | 1,477,196 | ||||||
Graco, Inc. | 27,734 | 2,131,635 | ||||||
HD Supply Holdings, Inc. * | 45,280 | 1,257,426 | ||||||
Hexcel Corp. * | 45,866 | 1,889,221 | ||||||
Hubbell, Inc., Class B | 25,465 | 3,078,718 | ||||||
IDEX Corp. | 38,230 | 2,941,416 | ||||||
ITT Corp. | 43,065 | 2,061,091 | ||||||
Jacobs Engineering Group, Inc. * | 61,741 | 3,328,457 | ||||||
KBR, Inc. | 68,211 | 1,502,006 | ||||||
Kennametal, Inc. | 37,441 | 1,677,731 | ||||||
Lennox International, Inc. | 20,581 | 1,723,865 | ||||||
Lincoln Electric Holdings, Inc. | 37,044 | 2,633,828 | ||||||
Masco Corp. | 166,409 | 3,905,619 | ||||||
MSC Industrial Direct Co., Inc., Class A | 21,757 | 1,961,176 | ||||||
Nordson Corp. | 28,453 | 2,306,400 | ||||||
NOW, Inc. * | 49,899 | 1,648,164 | ||||||
Oshkosh Corp. | 38,810 | 1,928,081 | ||||||
Owens Corning | 51,176 | 1,842,336 | ||||||
Pall Corp. | 51,157 | 4,316,116 | ||||||
Quanta Services, Inc. * | 100,548 | 3,653,914 | ||||||
Regal-Beloit Corp. | 20,947 | 1,488,703 | ||||||
Sensata Technologies Holding N.V. * | 73,500 | 3,613,995 | ||||||
Snap-on, Inc. | 27,049 | 3,379,773 | ||||||
Spirit AeroSystems Holdings, Inc., Class A * | 59,874 | 2,296,168 | ||||||
SPX Corp. | 20,581 | 2,141,453 | ||||||
Teledyne Technologies, Inc. * | 17,641 | 1,712,412 | ||||||
Terex Corp. | 50,570 | 1,891,824 | ||||||
The Babcock & Wilcox Co. | 51,898 | 1,507,637 | ||||||
The Manitowoc Co., Inc. | 63,831 | 1,877,908 | ||||||
The Middleby Corp. * | 26,460 | 2,281,646 | ||||||
The Timken Co. | 35,870 | 1,624,552 | ||||||
The Toro Co. | 25,874 | 1,592,027 | ||||||
TransDigm Group, Inc. | 22,933 | 4,311,175 | ||||||
Trinity Industries, Inc. | 71,740 | 3,470,781 | ||||||
Triumph Group, Inc. | 24,824 | 1,722,041 | ||||||
United Rentals, Inc. * | 45,277 | 5,326,839 | ||||||
URS Corp. | 32,343 | 1,959,339 | ||||||
USG Corp. * | 47,628 | 1,379,783 | ||||||
Valmont Industries, Inc. (a) | 12,557 | 1,767,398 | ||||||
WABCO Holdings, Inc. * | 28,226 | 2,912,923 |
See financial notes 39
Table of Contents
Schwab U.S. Mid-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Wabtec Corp. | 45,277 | 3,774,291 | ||||||
Watsco, Inc. | 12,348 | 1,142,067 | ||||||
WESCO International, Inc. * | 20,581 | 1,728,598 | ||||||
Woodward, Inc. | 27,638 | 1,443,533 | ||||||
Xylem, Inc. | 85,850 | 3,198,771 | ||||||
143,191,608 | ||||||||
Commercial & Professional Services 2.9% | ||||||||
Cintas Corp. | 47,891 | 3,167,511 | ||||||
Clean Harbors, Inc. * | 25,285 | 1,530,754 | ||||||
Copart, Inc. * | 51,158 | 1,761,370 | ||||||
Covanta Holding Corp. | 59,980 | 1,258,980 | ||||||
Equifax, Inc. | 57,037 | 4,492,234 | ||||||
Iron Mountain, Inc. | 79,380 | 2,856,093 | ||||||
KAR Auction Services, Inc. | 66,056 | 1,992,249 | ||||||
Manpowergroup, Inc. | 37,809 | 2,933,222 | ||||||
Pitney Bowes, Inc. | 94,671 | 2,561,797 | ||||||
Robert Half International, Inc. | 63,504 | 3,188,536 | ||||||
Rollins, Inc. | 29,402 | 874,710 | ||||||
The Dun & Bradstreet Corp. | 17,053 | 2,001,681 | ||||||
Towers Watson & Co., Class A | 29,989 | 3,287,694 | ||||||
Waste Connections, Inc. | 57,038 | 2,798,284 | ||||||
34,705,115 | ||||||||
Consumer Durables & Apparel 4.8% | ||||||||
Brunswick Corp. | 42,338 | 1,820,534 | ||||||
Carter’s, Inc. | 25,285 | 2,093,092 | ||||||
D.R. Horton, Inc. | 152,292 | 3,301,691 | ||||||
Fossil Group, Inc. * | 22,344 | 2,263,224 | ||||||
Hanesbrands, Inc. | 46,453 | 4,769,794 | ||||||
Harman International Industries, Inc. | 31,421 | 3,615,929 | ||||||
Hasbro, Inc. | 54,098 | 2,848,530 | ||||||
Jarden Corp. * | 55,864 | 3,340,109 | ||||||
Leggett & Platt, Inc. | 64,683 | 2,269,726 | ||||||
Lennar Corp., Class A | 82,908 | 3,248,335 | ||||||
Mohawk Industries, Inc. * | 28,225 | 4,121,414 | ||||||
Newell Rubbermaid, Inc. | 129,365 | 4,336,315 | ||||||
NVR, Inc. * | 1,772 | 2,078,893 | ||||||
Polaris Industries, Inc. | 30,576 | 4,445,139 | ||||||
PulteGroup, Inc. | 158,772 | 3,051,598 | ||||||
Toll Brothers, Inc. * | 74,680 | 2,657,861 | ||||||
Tupperware Brands Corp. | 23,521 | 1,723,148 | ||||||
Under Armour, Inc., Class A * | 75,696 | 5,174,579 | ||||||
57,159,911 | ||||||||
Consumer Services 2.8% | ||||||||
Aramark | 29,232 | 757,109 | ||||||
Bally Technologies, Inc. * | 17,610 | 1,396,297 | ||||||
Bloomin’ Brands, Inc. * | 35,526 | 591,153 | ||||||
Brinker International, Inc. | 30,578 | 1,495,264 | ||||||
Burger King Worldwide, Inc. | 27,051 | 866,714 | ||||||
Darden Restaurants, Inc. | 61,743 | 2,921,679 | ||||||
Domino’s Pizza, Inc. | 25,873 | 1,952,118 | ||||||
Dunkin’ Brands Group, Inc. | 50,153 | 2,183,662 | ||||||
Extended Stay America, Inc. | 25,150 | 600,079 | ||||||
Graham Holdings Co., Class B | 2,171 | 1,560,515 | ||||||
H&R Block, Inc. | 128,188 | 4,298,144 | ||||||
International Game Technology | 115,254 | 1,943,182 | ||||||
MGM Resorts International * | 155,824 | 3,813,013 | ||||||
Norwegian Cruise Line Holdings Ltd. * | 43,891 | 1,462,009 | ||||||
Panera Bread Co., Class A * | 12,023 | 1,802,729 | ||||||
Penn National Gaming, Inc. * | 32,760 | 369,860 | ||||||
SeaWorld Entertainment, Inc. | 31,164 | 647,899 | ||||||
Service Corp. International | 99,426 | 2,204,274 | ||||||
Six Flags Entertainment Corp. | 44,101 | 1,608,804 | ||||||
Sotheby’s | 31,754 | 1,295,881 | ||||||
33,770,385 | ||||||||
Diversified Financials 2.7% | ||||||||
CBOE Holdings, Inc. | 39,986 | 2,120,258 | ||||||
Credit Acceptance Corp. * | 4,568 | 562,960 | ||||||
E*TRADE Financial Corp. * | 133,476 | 2,971,176 | ||||||
Eaton Vance Corp. | 56,451 | 2,210,621 | ||||||
Federated Investors, Inc., Class B | 44,298 | 1,359,506 | ||||||
FNFV Group * | 42,924 | 643,001 | ||||||
Legg Mason, Inc. | 48,219 | 2,378,161 | ||||||
LPL Financial Holdings, Inc. | 35,868 | 1,746,413 | ||||||
MSCI, Inc. * | 54,098 | 2,496,082 | ||||||
Navient Corp. | 197,236 | 3,538,414 | ||||||
Raymond James Financial, Inc. | 57,626 | 3,148,685 | ||||||
SEI Investments Co. | 66,447 | 2,518,009 | ||||||
The NASDAQ OMX Group, Inc. | 54,686 | 2,377,200 | ||||||
Voya Financial, Inc. | 62,918 | 2,459,465 | ||||||
Waddell & Reed Financial, Inc., Class A | 39,397 | 2,147,136 | ||||||
32,677,087 | ||||||||
Energy 7.2% | ||||||||
Atwood Oceanics, Inc. * | 27,048 | 1,336,442 | ||||||
Cheniere Energy, Inc. * | 102,316 | 8,211,882 | ||||||
Cimarex Energy Co. | 40,573 | 5,889,577 | ||||||
Core Laboratories N.V. | 20,581 | 3,251,592 | ||||||
CVR Energy, Inc. (a) | 7,058 | 350,289 | ||||||
Dresser-Rand Group, Inc. * | 35,869 | 2,485,722 | ||||||
Dril-Quip, Inc. * | 18,816 | 1,909,259 | ||||||
Energen Corp. | 34,105 | 2,744,770 | ||||||
EP Energy Corp., Class A * | 16,275 | 314,596 | ||||||
Frank’s International N.V. | 13,859 | 279,259 | ||||||
Gulfport Energy Corp. * | 39,986 | 2,339,181 | ||||||
Helix Energy Solutions Group, Inc. * | 45,538 | 1,244,098 | ||||||
Helmerich & Payne, Inc. | 50,568 | 5,312,168 | ||||||
Kosmos Energy Ltd. * | 47,342 | 474,367 | ||||||
Laredo Petroleum, Inc. * | 26,757 | 632,535 | ||||||
Nabors Industries Ltd. | 122,307 | 3,327,973 | ||||||
Newfield Exploration Co. * | 62,548 | 2,803,401 | ||||||
Oasis Petroleum, Inc. * | 44,101 | 2,169,328 | ||||||
Oceaneering International, Inc. | 50,569 | 3,517,580 | ||||||
Oil States International, Inc. * | 24,697 | 1,594,191 | ||||||
Patterson-UTI Energy, Inc. | 67,735 | 2,339,567 | ||||||
QEP Resources, Inc. | 84,894 | 3,019,680 | ||||||
Rosetta Resources, Inc. * | 29,553 | 1,477,650 | ||||||
Rowan Cos. plc, Class A | 58,401 | 1,770,718 | ||||||
RPC, Inc. | 27,636 | 629,272 | ||||||
SM Energy Co. | 31,752 | 2,827,198 | ||||||
Superior Energy Services, Inc. | 72,915 | 2,613,274 | ||||||
Targa Resources Corp. | 12,937 | 1,805,358 | ||||||
Teekay Corp. | 18,156 | 1,113,326 | ||||||
Tesoro Corp. | 60,567 | 3,921,108 |
40 See financial notes
Table of Contents
Schwab U.S. Mid-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Tidewater, Inc. | 23,030 | 1,171,536 | ||||||
Ultra Petroleum Corp. *(a) | 71,926 | 1,908,197 | ||||||
Western Refining, Inc. | 34,046 | 1,584,160 | ||||||
Whiting Petroleum Corp. * | 55,274 | 5,121,689 | ||||||
World Fuel Services Corp. | 33,518 | 1,487,529 | ||||||
WPX Energy, Inc. * | 94,087 | 2,504,596 | ||||||
85,483,068 | ||||||||
Food & Staples Retailing 0.6% | ||||||||
Safeway, Inc. | 107,608 | 3,742,606 | ||||||
Sprouts Farmers Market, Inc. * | 48,134 | 1,489,266 | ||||||
The Fresh Market, Inc. * | 19,056 | 635,518 | ||||||
United Natural Foods, Inc. * | 22,933 | 1,474,362 | ||||||
7,341,752 | ||||||||
Food, Beverage & Tobacco 1.0% | ||||||||
Flowers Foods, Inc. | 82,324 | 1,611,904 | ||||||
Ingredion, Inc. | 34,693 | 2,767,113 | ||||||
Pilgrim’s Pride Corp. * | 27,338 | 816,586 | ||||||
Pinnacle Foods, Inc. | 25,733 | 832,720 | ||||||
Seaboard Corp. * | 131 | 379,802 | ||||||
The Hain Celestial Group, Inc. * | 22,933 | 2,255,690 | ||||||
The WhiteWave Foods Co. * | 82,565 | 2,891,426 | ||||||
11,555,241 | ||||||||
Health Care Equipment & Services 4.5% | ||||||||
Align Technology, Inc. * | 33,156 | 1,805,676 | ||||||
athenahealth, Inc. * | 17,462 | 2,522,211 | ||||||
Brookdale Senior Living, Inc. * | 81,732 | 2,856,533 | ||||||
Centene Corp. * | 26,983 | 2,108,182 | ||||||
Community Health Systems, Inc. * | 54,252 | 2,944,799 | ||||||
DENTSPLY International, Inc. | 66,446 | 3,169,806 | ||||||
Envision Healthcare Holdings, Inc. * | 47,040 | 1,719,782 | ||||||
Hologic, Inc. * | 127,008 | 3,158,689 | ||||||
IDEXX Laboratories, Inc. * | 24,109 | 2,988,793 | ||||||
MEDNAX, Inc. * | 46,454 | 2,659,492 | ||||||
Omnicare, Inc. | 46,453 | 2,962,308 | ||||||
Patterson Cos., Inc. | 39,168 | 1,577,295 | ||||||
Premier, Inc., Class A * | 12,693 | 400,845 | ||||||
ResMed, Inc. (a) | 65,272 | 3,462,680 | ||||||
Sirona Dental Systems, Inc. * | 25,873 | 2,108,908 | ||||||
Team Health Holdings, Inc. * | 32,341 | 1,892,595 | ||||||
Teleflex, Inc. | 18,817 | 2,060,085 | ||||||
Tenet Healthcare Corp. * | 46,137 | 2,822,662 | ||||||
The Cooper Cos., Inc. | 22,345 | 3,642,905 | ||||||
Universal Health Services, Inc., Class B | 41,749 | 4,777,756 | ||||||
Veeva Systems, Inc., Class A * | 11,689 | 350,319 | ||||||
WellCare Health Plans, Inc. * | 20,581 | 1,355,465 | ||||||
53,347,786 | ||||||||
Household & Personal Products 0.7% | ||||||||
Coty, Inc., Class A | 26,562 | 456,601 | ||||||
Energizer Holdings, Inc. | 28,813 | 3,501,356 | ||||||
Herbalife Ltd. (a) | 35,095 | 1,789,143 | ||||||
Nu Skin Enterprises, Inc., Class A | 27,637 | 1,235,926 | ||||||
Spectrum Brands Holdings, Inc. | 10,013 | 867,126 | ||||||
7,850,152 | ||||||||
Insurance 5.6% | ||||||||
Alleghany Corp. * | 7,644 | 3,295,558 | ||||||
Allied World Assurance Co. Holdings AG | 45,278 | 1,674,833 | ||||||
American Financial Group, Inc. | 33,403 | 2,003,178 | ||||||
American National Insurance Co. | 1,765 | 200,928 | ||||||
AmTrust Financial Services, Inc. (a) | 13,579 | 597,883 | ||||||
Arch Capital Group Ltd. * | 54,685 | 3,039,392 | ||||||
Arthur J. Gallagher & Co. | 74,088 | 3,499,176 | ||||||
Assurant, Inc. | 33,516 | 2,237,193 | ||||||
Assured Guaranty Ltd. | 82,320 | 1,988,028 | ||||||
Axis Capital Holdings Ltd. | 47,046 | 2,268,558 | ||||||
Brown & Brown, Inc. | 54,099 | 1,764,709 | ||||||
Cincinnati Financial Corp. | 68,798 | 3,308,496 | ||||||
CNO Financial Group, Inc. | 101,730 | 1,815,881 | ||||||
Erie Indemnity Co., Class A | 11,821 | 904,425 | ||||||
Everest Re Group Ltd. | 21,757 | 3,564,667 | ||||||
FNF Group * | 128,774 | 3,645,592 | ||||||
Genworth Financial, Inc., Class A * | 231,681 | 3,287,553 | ||||||
HCC Insurance Holdings, Inc. | 47,752 | 2,394,285 | ||||||
Markel Corp. * | 6,468 | 4,267,587 | ||||||
Old Republic International Corp. | 113,546 | 1,742,931 | ||||||
PartnerRe Ltd. | 20,584 | 2,299,027 | ||||||
ProAssurance Corp. | 27,639 | 1,276,922 | ||||||
Protective Life Corp. | 37,045 | 2,570,923 | ||||||
Reinsurance Group of America, Inc. | 32,341 | 2,683,656 | ||||||
RenaissanceRe Holdings Ltd. | 18,818 | 1,926,775 | ||||||
Torchmark Corp. | 61,741 | 3,367,972 | ||||||
Validus Holdings Ltd. | 42,339 | 1,655,878 | ||||||
W.R. Berkley Corp. | 48,218 | 2,331,340 | ||||||
White Mountains Insurance Group Ltd. | 2,503 | 1,587,503 | ||||||
67,200,849 | ||||||||
Materials 7.6% | ||||||||
Airgas, Inc. | 31,640 | 3,492,423 | ||||||
Albemarle Corp. | 37,044 | 2,355,258 | ||||||
Allegheny Technologies, Inc. | 51,247 | 2,161,086 | ||||||
AptarGroup, Inc. | 30,577 | 1,961,515 | ||||||
Ashland, Inc. | 33,700 | 3,613,314 | ||||||
Avery Dennison Corp. | 44,689 | 2,150,882 | ||||||
Axiall Corp. | 32,395 | 1,346,984 | ||||||
Bemis Co., Inc. | 47,043 | 1,916,532 | ||||||
Carpenter Technology Corp. | 24,902 | 1,362,886 | ||||||
Cliffs Natural Resources, Inc. (a) | 68,460 | 1,031,692 | ||||||
Crown Holdings, Inc. * | 64,682 | 3,122,200 | ||||||
Cytec Industries, Inc. | 16,474 | 1,697,481 | ||||||
Eagle Materials, Inc. | 23,284 | 2,372,872 | ||||||
Graphic Packaging Holding Co. * | 151,116 | 1,932,774 | ||||||
Greif, Inc., Class A | 13,930 | 667,108 | ||||||
Huntsman Corp. | 91,734 | 2,466,727 | ||||||
International Flavors & Fragrances, Inc. | 38,221 | 3,882,871 | ||||||
Martin Marietta Materials, Inc. | 28,039 | 3,671,987 | ||||||
MeadWestvaco Corp. | 79,386 | 3,413,598 | ||||||
NewMarket Corp. | 4,972 | 2,023,057 | ||||||
Owens-Illinois, Inc. * | 78,396 | 2,413,813 | ||||||
Packaging Corp. of America | 45,865 | 3,118,361 | ||||||
Platform Specialty Products Corp. * | 42,336 | 1,156,196 |
See financial notes 41
Table of Contents
Schwab U.S. Mid-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Rayonier Advanced Materials, Inc. *(a) | 19,602 | 650,982 | ||||||
Reliance Steel & Aluminum Co. | 35,869 | 2,507,960 | ||||||
Rock-Tenn Co., Class A | 67,034 | 3,295,391 | ||||||
Rockwood Holdings, Inc. | 33,517 | 2,714,207 | ||||||
Royal Gold, Inc. | 30,773 | 2,392,601 | ||||||
RPM International, Inc. | 61,152 | 2,882,094 | ||||||
Sealed Air Corp. | 90,556 | 3,269,072 | ||||||
Silgan Holdings, Inc. | 19,993 | 1,006,648 | ||||||
Sonoco Products Co. | 46,454 | 1,912,047 | ||||||
Steel Dynamics, Inc. | 111,885 | 2,600,207 | ||||||
The Scotts Miracle-Gro Co., Class A | 19,993 | 1,154,196 | ||||||
The Valspar Corp. | 36,457 | 2,944,267 | ||||||
TimkenSteel Corp. | 17,938 | 857,078 | ||||||
Valhi, Inc. (a) | 10,250 | 80,770 | ||||||
Vulcan Materials Co. | 61,154 | 3,875,941 | ||||||
W.R. Grace & Co. * | 35,869 | 3,552,107 | ||||||
Westlake Chemical Corp. | 18,817 | 1,827,695 | ||||||
90,854,880 | ||||||||
Media 1.7% | ||||||||
AMC Networks, Inc., Class A * | 27,915 | 1,746,781 | ||||||
Cablevision Systems Corp., Class A | 100,840 | 1,866,548 | ||||||
CBS Outdoor Americas, Inc. REIT | 54,591 | 1,876,293 | ||||||
Cinemark Holdings, Inc. | 48,806 | 1,722,364 | ||||||
Clear Channel Outdoor Holdings, Inc., Class A | 18,340 | 127,280 | ||||||
Gannett Co., Inc. | 105,846 | 3,573,361 | ||||||
Lamar Advertising Co., Class A | 30,753 | 1,613,917 | ||||||
Morningstar, Inc. | 9,409 | 646,210 | ||||||
Regal Entertainment Group, Class A | 37,288 | 784,912 | ||||||
The Interpublic Group of Cos., Inc. | 197,575 | 3,858,640 | ||||||
The Madison Square Garden Co., Class A * | 28,224 | 1,887,057 | ||||||
19,703,363 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 4.8% | ||||||||
Alkermes plc * | 68,077 | 3,045,084 | ||||||
ARIAD Pharmaceuticals, Inc. *(a) | 90,378 | 562,151 | ||||||
Bio-Rad Laboratories, Inc., Class A * | 8,821 | 1,060,813 | ||||||
BioMarin Pharmaceutical, Inc. * | 67,621 | 4,815,968 | ||||||
Bruker Corp. * | 51,319 | 1,029,459 | ||||||
Covance, Inc. * | 26,719 | 2,215,005 | ||||||
Cubist Pharmaceuticals, Inc. * | 35,868 | 2,475,968 | ||||||
Endo International plc * | 65,423 | 4,168,099 | ||||||
Hospira, Inc. * | 77,617 | 4,171,138 | ||||||
Incyte Corp. * | 69,973 | 3,792,537 | ||||||
Jazz Pharmaceuticals plc * | 25,063 | 4,083,264 | ||||||
Medivation, Inc. * | 36,272 | 3,310,183 | ||||||
Mettler-Toledo International, Inc. * | 13,525 | 3,658,242 | ||||||
PerkinElmer, Inc. | 52,922 | 2,373,552 | ||||||
Pharmacyclics, Inc. * | 31,752 | 3,949,631 | ||||||
Quintiles Transnational Holdings, Inc. * | 24,731 | 1,387,904 | ||||||
Salix Pharmaceuticals Ltd. * | 29,400 | 4,677,834 | ||||||
Seattle Genetics, Inc. * | 52,442 | 2,307,972 | ||||||
Techne Corp. | 15,876 | 1,516,476 | ||||||
United Therapeutics Corp. * | 20,582 | 2,425,177 | ||||||
57,026,457 | ||||||||
Real Estate 9.2% | ||||||||
Alexandria Real Estate Equities, Inc. | 33,721 | 2,665,982 | ||||||
American Campus Communities, Inc. | 48,218 | 1,905,093 | ||||||
American Homes 4 Rent, Class A | 61,048 | 1,091,538 | ||||||
Apartment Investment & Management Co., Class A | 68,556 | 2,349,414 | ||||||
BioMed Realty Trust, Inc. | 89,969 | 2,019,804 | ||||||
Brixmor Property Group, Inc. | 33,744 | 798,721 | ||||||
Camden Property Trust | 39,397 | 2,948,472 | ||||||
CBL & Associates Properties, Inc. | 77,621 | 1,474,799 | ||||||
CBRE Group, Inc., Class A * | 129,955 | 4,129,970 | ||||||
Chimera Investment Corp. | 484,067 | 1,602,262 | ||||||
Corrections Corp. of America | 54,099 | 1,928,088 | ||||||
DDR Corp. | 138,465 | 2,522,832 | ||||||
Douglas Emmett, Inc. | 59,391 | 1,696,801 | ||||||
Duke Realty Corp. | 153,776 | 2,860,234 | ||||||
Equity Lifestyle Properties, Inc. | 35,870 | 1,638,900 | ||||||
Essex Property Trust, Inc. | 28,812 | 5,573,681 | ||||||
Extra Space Storage, Inc. | 52,394 | 2,761,164 | ||||||
Federal Realty Investment Trust | 31,272 | 3,902,120 | ||||||
Forest City Enterprises, Inc., Class A * | 74,529 | 1,550,203 | ||||||
Gaming & Leisure Properties, Inc. | 41,011 | 1,365,666 | ||||||
Highwoods Properties, Inc. | 42,338 | 1,801,482 | ||||||
Home Properties, Inc. | 26,461 | 1,699,326 | ||||||
Hospitality Properties Trust | 69,977 | 2,059,423 | ||||||
Jones Lang LaSalle, Inc. | 20,882 | 2,790,044 | ||||||
Kilroy Realty Corp. | 38,223 | 2,417,605 | ||||||
Liberty Property Trust | 69,061 | 2,446,141 | ||||||
MFA Financial, Inc. | 174,463 | 1,472,468 | ||||||
Mid-America Apartment Communities, Inc. | 35,649 | 2,578,136 | ||||||
National Retail Properties, Inc. | 57,324 | 2,129,013 | ||||||
Omega Healthcare Investors, Inc. | 58,478 | 2,202,866 | ||||||
Piedmont Office Realty Trust, Inc., Class A | 70,564 | 1,375,292 | ||||||
Rayonier, Inc. | 58,804 | 2,015,213 | ||||||
Realogy Holdings Corp. * | 67,622 | 2,756,949 | ||||||
Realty Income Corp. | 102,901 | 4,601,733 | ||||||
Regency Centers Corp. | 43,286 | 2,473,362 | ||||||
Retail Properties of America, Inc., Class A | 88,841 | 1,405,465 | ||||||
RLJ Lodging Trust | 59,730 | 1,780,551 | ||||||
Senior Housing Properties Trust | 93,495 | 2,181,238 | ||||||
SL Green Realty Corp. | 44,689 | 4,886,742 | ||||||
Starwood Property Trust, Inc. | 103,493 | 2,468,308 | ||||||
Tanger Factory Outlet Centers, Inc. | 44,954 | 1,569,344 | ||||||
Taubman Centers, Inc. | 29,406 | 2,239,855 | ||||||
The Howard Hughes Corp. * | 14,918 | 2,362,564 | ||||||
Two Harbors Investment Corp. | 173,666 | 1,861,700 | ||||||
UDR, Inc. | 117,603 | 3,518,682 | ||||||
Weingarten Realty Investors | 52,564 | 1,798,740 | ||||||
WP Carey, Inc. | 27,637 | 1,887,054 | ||||||
109,565,040 | ||||||||
Retailing 4.3% | ||||||||
Abercrombie & Fitch Co., Class A | 34,107 | 1,425,673 | ||||||
Advance Auto Parts, Inc. | 34,106 | 4,652,740 | ||||||
American Eagle Outfitters, Inc. | 80,969 | 1,140,043 |
42 See financial notes
Table of Contents
Schwab U.S. Mid-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Ascena Retail Group, Inc. * | 58,217 | 1,012,394 | ||||||
AutoNation, Inc. * | 29,401 | 1,595,004 | ||||||
Cabela’s, Inc. * | 22,023 | 1,343,843 | ||||||
Dick’s Sporting Goods, Inc. | 46,454 | 2,093,682 | ||||||
Dillard’s, Inc., Class A | 10,585 | 1,210,077 | ||||||
DSW, Inc., Class A | 34,330 | 1,062,170 | ||||||
Foot Locker, Inc. | 68,210 | 3,827,263 | ||||||
GameStop Corp., Class A | 53,510 | 2,258,122 | ||||||
GNC Holdings, Inc., Class A | 43,514 | 1,651,356 | ||||||
Groupon, Inc. * | 175,943 | 1,196,412 | ||||||
HSN, Inc. | 15,943 | 965,986 | ||||||
J.C. Penney Co., Inc. *(a) | 144,953 | 1,565,492 | ||||||
LKQ Corp. * | 141,124 | 4,007,922 | ||||||
Penske Automotive Group, Inc. | 19,443 | 932,681 | ||||||
Sally Beauty Holdings, Inc. * | 62,916 | 1,754,098 | ||||||
Sears Holdings Corp. *(a) | 20,412 | 710,338 | ||||||
Signet Jewelers Ltd. | 37,172 | 4,381,464 | ||||||
Tractor Supply Co. | 64,683 | 4,330,527 | ||||||
Ulta Salon, Cosmetics & Fragrance, Inc. * | 29,989 | 2,918,230 | ||||||
Urban Outfitters, Inc. * | 47,040 | 1,871,722 | ||||||
Williams-Sonoma, Inc. | 40,574 | 2,668,552 | ||||||
zulily, Inc., Class A *(a) | 5,301 | 173,873 | ||||||
50,749,664 | ||||||||
Semiconductors & Semiconductor Equipment 2.1% | ||||||||
Atmel Corp. * | 196,409 | 1,740,184 | ||||||
Cree, Inc. * | 57,038 | 2,598,651 | ||||||
First Solar, Inc. * | 33,617 | 2,342,432 | ||||||
Freescale Semiconductor Ltd. * | 43,946 | 925,063 | ||||||
Lam Research Corp. | 75,854 | 5,454,661 | ||||||
Marvell Technology Group Ltd. | 191,712 | 2,666,714 | ||||||
ON Semiconductor Corp. * | 211,154 | 2,060,863 | ||||||
Skyworks Solutions, Inc. | 88,204 | 4,997,639 | ||||||
Teradyne, Inc. | 91,347 | 1,880,835 | ||||||
24,667,042 | ||||||||
Software & Services 7.7% | ||||||||
Akamai Technologies, Inc. * | 82,911 | 5,009,483 | ||||||
Amdocs Ltd. | 74,679 | 3,517,381 | ||||||
ANSYS, Inc. * | 43,687 | 3,551,753 | ||||||
AOL, Inc. * | 36,458 | 1,575,715 | ||||||
Aspen Technology, Inc. * | 43,985 | 1,807,344 | ||||||
Booz Allen Hamilton Holding Corp. | 32,207 | 714,351 | ||||||
Broadridge Financial Solutions, Inc. | 57,472 | 2,444,859 | ||||||
Cadence Design Systems, Inc. * | 134,069 | 2,364,977 | ||||||
CommVault Systems, Inc. * | 20,831 | 1,148,621 | ||||||
Computer Sciences Corp. | 67,622 | 4,043,119 | ||||||
Concur Technologies, Inc. * | 21,757 | 2,183,968 | ||||||
CoStar Group, Inc. * | 14,721 | 2,130,865 | ||||||
DST Systems, Inc. | 16,464 | 1,528,024 | ||||||
Electronic Arts, Inc. * | 145,826 | 5,518,056 | ||||||
FactSet Research Systems, Inc. | 18,229 | 2,322,375 | ||||||
FireEye, Inc. * | 14,383 | 447,887 | ||||||
FleetCor Technologies, Inc. * | 34,104 | 4,900,404 | ||||||
Fortinet, Inc. * | 62,919 | 1,623,939 | ||||||
Gartner, Inc. * | 42,338 | 3,157,991 | ||||||
Genpact Ltd. * | 74,088 | 1,289,131 | ||||||
Global Payments, Inc. | 31,752 | 2,309,005 | ||||||
IAC/InterActiveCorp | 35,869 | 2,496,124 | ||||||
Informatica Corp. * | 50,663 | 1,725,328 | ||||||
Jack Henry & Associates, Inc. | 39,397 | 2,277,541 | ||||||
Leidos Holdings, Inc. | 29,402 | 1,106,985 | ||||||
MICROS Systems, Inc. * | 34,692 | 2,358,015 | ||||||
NetSuite, Inc. * | 14,236 | 1,247,643 | ||||||
NeuStar, Inc., Class A * | 24,696 | 728,285 | ||||||
PTC, Inc. * | 56,248 | 2,176,235 | ||||||
Sabre Corp. | 21,168 | 385,893 | ||||||
ServiceNow, Inc. * | 48,506 | 2,965,172 | ||||||
SolarWinds, Inc. * | 30,975 | 1,325,420 | ||||||
Solera Holdings, Inc. | 31,753 | 1,935,663 | ||||||
Splunk, Inc. * | 43,512 | 2,347,472 | ||||||
Synopsys, Inc. * | 71,738 | 2,934,084 | ||||||
Syntel, Inc. * | 7,057 | 630,684 | ||||||
Tableau Software, Inc., Class A * | 15,877 | 1,039,785 | ||||||
The Ultimate Software Group, Inc. * | 13,263 | 1,949,528 | ||||||
TIBCO Software, Inc. * | 73,146 | 1,524,363 | ||||||
Total System Services, Inc. | 78,830 | 2,479,992 | ||||||
Vantiv, Inc., Class A * | 65,858 | 2,060,038 | ||||||
WEX, Inc. * | 18,228 | 2,071,612 | ||||||
91,355,110 | ||||||||
Technology Hardware & Equipment 3.3% | ||||||||
3D Systems Corp. *(a) | 47,452 | 2,539,157 | ||||||
Anixter International, Inc. | 12,570 | 1,121,621 | ||||||
Arrow Electronics, Inc. * | 46,453 | 2,891,699 | ||||||
Avnet, Inc. | 63,506 | 2,826,652 | ||||||
Brocade Communications Systems, Inc. | 203,467 | 2,146,577 | ||||||
CDW Corp. | 39,396 | 1,301,644 | ||||||
CommScope Holding Co., Inc. * | 38,208 | 984,238 | ||||||
Dolby Laboratories, Inc., Class A * | 22,406 | 1,043,672 | ||||||
EchoStar Corp., Class A * | 18,818 | 948,992 | ||||||
FEI Co. | 19,405 | 1,630,796 | ||||||
FLIR Systems, Inc. | 65,861 | 2,225,443 | ||||||
Harris Corp. | 49,981 | 3,568,144 | ||||||
Ingram Micro, Inc., Class A * | 72,328 | 2,085,216 | ||||||
IPG Photonics Corp. * | 16,175 | 1,110,899 | ||||||
Jabil Circuit, Inc. | 87,230 | 1,882,423 | ||||||
JDS Uniphase Corp. * | 108,516 | 1,253,360 | ||||||
National Instruments Corp. | 47,423 | 1,572,072 | ||||||
NCR Corp. * | 78,474 | 2,680,672 | ||||||
Nimble Storage, Inc. *(a) | 3,731 | 100,886 | ||||||
Palo Alto Networks, Inc. * | 22,172 | 1,884,398 | ||||||
Trimble Navigation Ltd. * | 121,720 | 4,048,407 | ||||||
39,846,968 | ||||||||
Telecommunication Services 1.2% | ||||||||
Frontier Communications Corp. | 474,666 | 3,227,729 | ||||||
Level 3 Communications, Inc. * | 78,794 | 3,542,578 | ||||||
Telephone & Data Systems, Inc. | 42,931 | 1,130,803 | ||||||
tw telecom, Inc. * | 65,268 | 2,678,272 | ||||||
United States Cellular Corp. * | 6,039 | 227,791 | ||||||
Windstream Holdings, Inc. (a) | 284,725 | 3,217,393 | ||||||
14,024,566 | ||||||||
Transportation 2.9% | ||||||||
Alaska Air Group, Inc. | 63,506 | 2,942,868 | ||||||
AMERCO | 2,752 | 764,533 |
See financial notes 43
Table of Contents
Schwab U.S. Mid-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
American Airlines Group, Inc. | 334,355 | 13,009,753 | ||||||
Avis Budget Group, Inc. * | 49,394 | 3,334,589 | ||||||
Genesee & Wyoming, Inc., Class A * | 24,221 | 2,381,651 | ||||||
J.B. Hunt Transport Services, Inc. | 42,337 | 3,198,560 | ||||||
Kirby Corp. * | 26,460 | 3,156,413 | ||||||
Landstar System, Inc. | 20,581 | 1,396,730 | ||||||
Old Dominion Freight Line, Inc. * | 32,341 | 2,156,175 | ||||||
Ryder System, Inc. | 25,405 | 2,295,088 | ||||||
34,636,360 | ||||||||
Utilities 5.2% | ||||||||
AGL Resources, Inc. | 55,273 | 2,946,604 | ||||||
Alliant Energy Corp. | 51,746 | 3,026,624 | ||||||
American Water Works Co., Inc. | 83,499 | 4,225,884 | ||||||
Aqua America, Inc. | 81,735 | 2,044,192 | ||||||
Atmos Energy Corp. | 47,666 | 2,409,993 | ||||||
Cleco Corp. | 27,637 | 1,559,280 | ||||||
CMS Energy Corp. | 125,246 | 3,825,013 | ||||||
Great Plains Energy, Inc. | 73,269 | 1,880,815 | ||||||
Integrys Energy Group, Inc. | 37,046 | 2,515,053 | ||||||
ITC Holdings Corp. | 73,503 | 2,745,337 | ||||||
MDU Resources Group, Inc. | 88,203 | 2,761,636 | ||||||
National Fuel Gas Co. | 39,832 | 3,044,758 | ||||||
NRG Energy, Inc. | 159,348 | 4,904,731 | ||||||
OGE Energy Corp. | 92,318 | 3,463,771 | ||||||
Pepco Holdings, Inc. | 115,839 | 3,192,523 | ||||||
Pinnacle West Capital Corp. | 51,157 | 2,913,391 | ||||||
Questar Corp. | 83,547 | 1,964,190 | ||||||
SCANA Corp. | 65,858 | 3,420,665 | ||||||
TECO Energy, Inc. | 106,428 | 1,926,347 | ||||||
UGI Corp. | 54,576 | 2,891,437 | ||||||
Vectren Corp. | 38,544 | 1,589,169 | ||||||
Westar Energy, Inc. | 59,979 | 2,215,024 | ||||||
61,466,437 | ||||||||
Total Common Stock | ||||||||
(Cost $985,694,317) | 1,189,455,202 | |||||||
Other Investment Companies 0.9% of net assets | ||||||||
Equity Fund 0.0% | ||||||||
SPDR S&P MidCap 400 ETF | 5 | 1,309 | ||||||
Money Market Fund 0.0% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (b) | 289,119 | 289,119 | ||||||
Securities Lending Collateral 0.9% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (b) | 9,835,848 | 9,835,848 | ||||||
Total Other Investment Companies | ||||||||
(Cost $10,125,970) | 10,126,276 | |||||||
End of Investments |
At 08/31/14, the tax basis cost of the fund’s investments was $996,149,937 and the unrealized appreciation and depreciation were $217,040,653 and ($13,609,112), respectively, with a net unrealized appreciation of $203,431,541.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $12,592,961. | |
(b) | The rate shown is the 7-day yield. |
ETF — | Exchange Traded Fund | |
REIT — | Real Estate Investment Trust |
44 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .9% | Common Stock | 1,697,595,459 | 2,101,639,329 | ||||||||
2 | .9% | Other Investment Companies | 61,610,828 | 61,610,828 | ||||||||
0 | .0% | Rights | 115,419 | 115,419 | ||||||||
0 | .0% | Short-Term Investment | 99,999 | 99,999 | ||||||||
0 | .0% | Warrants | — | — | ||||||||
102 | .8% | Total Investments | 1,759,421,705 | 2,163,465,575 | ||||||||
(2 | .8)% | Other Assets and Liabilities, Net | (58,748,908 | ) | ||||||||
100 | .0% | Net Assets | 2,104,716,667 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 99.9% of net assets | ||||||||
Automobiles & Components 1.5% | ||||||||
American Axle & Manufacturing Holdings, Inc. * | 54,926 | 994,161 | ||||||
Cooper Tire & Rubber Co. | 48,542 | 1,496,550 | ||||||
Cooper-Standard Holding, Inc. * | 12,035 | 788,413 | ||||||
Dana Holding Corp. | 128,930 | 2,995,044 | ||||||
Dorman Products, Inc. * | 24,236 | 1,086,500 | ||||||
Drew Industries, Inc. | 18,782 | 833,733 | ||||||
Federal-Mogul Holdings Corp. * | 28,968 | 494,484 | ||||||
Fox Factory Holding Corp. * | 7,840 | 119,325 | ||||||
Fuel Systems Solutions, Inc. * | 3,690 | 37,380 | ||||||
Gentex Corp. | 120,003 | 3,546,089 | ||||||
Gentherm, Inc. * | 29,506 | 1,441,368 | ||||||
Modine Manufacturing Co. * | 38,601 | 548,906 | ||||||
Remy International, Inc. | 12,699 | 280,648 | ||||||
Standard Motor Products, Inc. | 17,955 | 675,287 | ||||||
Superior Industries International, Inc. | 18,687 | 363,462 | ||||||
Tenneco, Inc. * | 50,741 | 3,251,483 | ||||||
The Goodyear Tire & Rubber Co. | 227,026 | 5,895,865 | ||||||
Thor Industries, Inc. | 36,819 | 1,977,548 | ||||||
Visteon Corp. * | 39,817 | 4,029,082 | ||||||
Winnebago Industries, Inc. * | 24,023 | 594,089 | ||||||
31,449,417 | ||||||||
Banks 7.5% | ||||||||
1st Source Corp. | 11,587 | 347,726 | ||||||
Ameris Bancorp | 19,659 | 449,994 | ||||||
Arrow Financial Corp. | 11,621 | 309,351 | ||||||
Associated Banc-Corp. | 131,543 | 2,391,452 | ||||||
Astoria Financial Corp. | 71,864 | 939,262 | ||||||
BancFirst Corp. | 5,171 | 329,082 | ||||||
BancorpSouth, Inc. | 72,314 | 1,530,887 | ||||||
Bank Mutual Corp. | 31,896 | 210,195 | ||||||
Bank of Hawaii Corp. | 37,492 | 2,176,411 | ||||||
Bank of the Ozarks, Inc. | 55,041 | 1,758,560 | ||||||
BankUnited, Inc. | 84,030 | 2,651,146 | ||||||
Banner Corp. | 16,353 | 643,981 | ||||||
BBCN Bancorp, Inc. | 68,390 | 998,494 | ||||||
Beneficial Mutual Bancorp, Inc. * | 27,604 | 379,003 | ||||||
Berkshire Hills Bancorp, Inc. | 22,934 | 564,864 | ||||||
BNC Bancorp | 25,887 | 439,561 | ||||||
BofI Holding, Inc. * | 10,400 | 800,696 | ||||||
Boston Private Financial Holdings, Inc. | 67,821 | 823,347 | ||||||
Bridge Capital Holdings * | 8,564 | 191,577 | ||||||
Brookline Bancorp, Inc. | 49,496 | 452,888 | ||||||
Bryn Mawr Bank Corp. | 10,236 | 301,143 | ||||||
Camden National Corp. | 6,540 | 239,102 | ||||||
Capital Bank Financial Corp., Class A * | 38,775 | 948,824 | ||||||
Capitol Federal Financial, Inc. | 108,294 | 1,337,431 | ||||||
Cardinal Financial Corp. | 25,771 | 460,528 | ||||||
Cascade Bancorp * | 6,223 | 32,111 | ||||||
Cathay General Bancorp | 60,245 | 1,568,780 | ||||||
Centerstate Banks, Inc. | 23,231 | 242,764 | ||||||
Central Pacific Financial Corp. | 20,696 | 363,836 | ||||||
Chemical Financial Corp. | 25,166 | 713,959 | ||||||
City Holding Co. | 13,733 | 586,674 | ||||||
City National Corp. | 39,674 | 3,010,463 | ||||||
Clifton Bancorp, Inc. | 7,749 | 97,405 | ||||||
CoBiz Financial, Inc. | 27,235 | 314,564 | ||||||
Columbia Banking System, Inc. | 44,246 | 1,150,838 | ||||||
Commerce Bancshares, Inc. | 66,543 | 3,069,629 | ||||||
Community Bank System, Inc. | 35,333 | 1,248,668 | ||||||
Community Trust Bancorp, Inc. | 14,879 | 528,502 | ||||||
CVB Financial Corp. | 78,757 | 1,223,884 | ||||||
Dime Community Bancshares, Inc. | 25,203 | 389,134 | ||||||
Eagle Bancorp, Inc. * | 19,677 | 659,770 | ||||||
East West Bancorp, Inc. | 117,927 | 4,108,577 | ||||||
Enterprise Financial Services Corp. | 13,142 | 229,196 | ||||||
Essent Group Ltd. * | 15,355 | 323,376 | ||||||
EverBank Financial Corp. | 72,982 | 1,377,900 | ||||||
F.N.B. Corp. | 133,361 | 1,648,342 | ||||||
Federal Agricultural Mortgage Corp., Class C | 9,558 | 314,649 | ||||||
Financial Institutions, Inc. | 11,045 | 265,301 | ||||||
First BanCorp * | 66,916 | 348,632 | ||||||
First Bancorp | 15,372 | 273,160 | ||||||
First Busey Corp. | 41,631 | 239,378 | ||||||
First Citizens BancShares, Inc., Class A | 5,867 | 1,348,178 | ||||||
First Commonwealth Financial Corp. | 71,226 | 631,062 | ||||||
First Community Bancshares, Inc. | 11,880 | 193,882 | ||||||
First Connecticut Bancorp, Inc. | 11,045 | 168,988 | ||||||
First Financial Bancorp | 49,980 | 830,168 | ||||||
First Financial Bankshares, Inc. (a) | 49,740 | 1,461,859 | ||||||
First Financial Corp. | 7,165 | 231,573 | ||||||
First Horizon National Corp. | 190,599 | 2,317,684 | ||||||
First Interstate BancSystem, Inc. | 18,182 | 482,187 |
See financial notes 45
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
First Merchants Corp. | 30,636 | 625,281 | ||||||
First Midwest Bancorp, Inc. | 61,081 | 1,029,215 | ||||||
First Niagara Financial Group, Inc. | 292,368 | 2,543,602 | ||||||
FirstMerit Corp. | 132,369 | 2,281,380 | ||||||
Flagstar Bancorp, Inc. * | 16,748 | 291,918 | ||||||
Flushing Financial Corp. | 23,566 | 454,824 | ||||||
Fulton Financial Corp. | 155,420 | 1,792,770 | ||||||
German American Bancorp, Inc. | 10,218 | 276,806 | ||||||
Glacier Bancorp, Inc. | 61,279 | 1,668,014 | ||||||
Great Southern Bancorp, Inc. | 7,984 | 252,853 | ||||||
Hancock Holding Co. | 68,515 | 2,277,439 | ||||||
Hanmi Financial Corp. | 26,269 | 539,828 | ||||||
Heartland Financial USA, Inc. | 13,569 | 324,570 | ||||||
Home BancShares, Inc. | 41,201 | 1,225,730 | ||||||
Home Loan Servicing Solutions Ltd. | 55,788 | 1,221,757 | ||||||
HomeStreet, Inc. | 12,943 | 235,433 | ||||||
HomeTrust Bancshares, Inc. * | 17,809 | 268,560 | ||||||
Hudson Valley Holding Corp. | 14,792 | 262,854 | ||||||
Iberiabank Corp. | 24,947 | 1,627,792 | ||||||
Independent Bank Corp. | 19,448 | 715,881 | ||||||
Independent Bank Group, Inc. | 2,626 | 132,902 | ||||||
International Bancshares Corp. | 49,250 | 1,298,230 | ||||||
Investors Bancorp, Inc. | 275,935 | 2,927,670 | ||||||
Kearny Financial Corp. * | 8,232 | 128,831 | ||||||
Ladder Capital Corp., Class A * | 6,991 | 130,033 | ||||||
Lakeland Bancorp, Inc. | 26,055 | 269,148 | ||||||
Lakeland Financial Corp. | 11,548 | 449,679 | ||||||
MainSource Financial Group, Inc. | 14,747 | 254,386 | ||||||
MB Financial, Inc. | 54,268 | 1,535,249 | ||||||
Meridian Bancorp, Inc. * | 18,461 | 195,317 | ||||||
Metro Bancorp, Inc. * | 9,741 | 226,576 | ||||||
MGIC Investment Corp. * | 274,901 | 2,317,415 | ||||||
National Bank Holdings Corp., Class A | 33,353 | 677,733 | ||||||
National Bankshares, Inc. | 4,962 | 144,096 | ||||||
National Penn Bancshares, Inc. | 84,528 | 845,280 | ||||||
Nationstar Mortgage Holdings, Inc. *(a) | 17,979 | 629,265 | ||||||
NBT Bancorp, Inc. | 37,643 | 903,808 | ||||||
NMI Holdings, Inc., Class A *(a) | 4,340 | 42,011 | ||||||
Northfield Bancorp, Inc. | 42,461 | 556,664 | ||||||
Northwest Bancshares, Inc. | 80,511 | 1,015,244 | ||||||
OceanFirst Financial Corp. | 13,276 | 217,992 | ||||||
OFG Bancorp | 38,940 | 619,146 | ||||||
Old National Bancorp | 83,936 | 1,098,722 | ||||||
OmniAmerican Bancorp, Inc. | 7,443 | 193,220 | ||||||
Opus Bank * | 4,143 | 131,292 | ||||||
Oritani Financial Corp. | 32,277 | 484,155 | ||||||
PacWest Bancorp | 79,380 | 3,329,197 | ||||||
Park National Corp. (a) | 11,103 | 864,257 | ||||||
Park Sterling Corp. | 22,773 | 155,540 | ||||||
Peoples Financial Services Corp. (a) | 6,233 | 314,704 | ||||||
Pinnacle Financial Partners, Inc. | 26,769 | 959,936 | ||||||
Popular, Inc. * | 85,104 | 2,634,820 | ||||||
PrivateBancorp, Inc. | 55,064 | 1,624,939 | ||||||
Prosperity Bancshares, Inc. | 48,418 | 2,924,447 | ||||||
Provident Financial Services, Inc. | 47,214 | 803,110 | ||||||
Radian Group, Inc. (a) | 154,299 | 2,246,593 | ||||||
Renasant Corp. | 27,148 | 785,392 | ||||||
Republic Bancorp, Inc., Class A | 10,281 | 233,996 | ||||||
S&T Bancorp, Inc. | 24,869 | 620,233 | ||||||
Sandy Spring Bancorp, Inc. | 20,529 | 496,186 | ||||||
ServisFirst Bancshares, Inc. | 2,439 | 73,585 | ||||||
Signature Bank * | 40,940 | 4,849,752 | ||||||
Simmons First National Corp., Class A | 13,282 | 530,217 | ||||||
South State Corp. | 19,844 | 1,162,065 | ||||||
Southside Bancshares, Inc. | 14,693 | 504,705 | ||||||
Southwest Bancorp, Inc. | 16,059 | 265,455 | ||||||
Square 1 Financial, Inc., Class A * | 4,895 | 93,935 | ||||||
State Bank Financial Corp. | 29,014 | 486,275 | ||||||
Sterling Bancorp | 67,027 | 849,232 | ||||||
Stock Yards Bancorp, Inc. | 12,455 | 375,269 | ||||||
Stonegate Mortgage Corp. *(a) | 6,368 | 92,400 | ||||||
Sun Bancorp, Inc. * | 5,421 | 101,590 | ||||||
Susquehanna Bancshares, Inc. | 151,647 | 1,564,997 | ||||||
SVB Financial Group * | 40,881 | 4,550,873 | ||||||
Synovus Financial Corp. | 114,310 | 2,760,586 | ||||||
TCF Financial Corp. | 135,951 | 2,148,026 | ||||||
Territorial Bancorp, Inc. | 7,863 | 161,663 | ||||||
Texas Capital Bancshares, Inc. * | 35,233 | 1,901,877 | ||||||
TFS Financial Corp. * | 62,231 | 898,616 | ||||||
The Bancorp, Inc. * | 28,900 | 280,619 | ||||||
The First of Long Island Corp. | 6,716 | 234,187 | ||||||
Tompkins Financial Corp. | 8,781 | 402,082 | ||||||
Towne Bank | 27,022 | 396,143 | ||||||
Trico Bancshares (a) | 10,265 | 229,423 | ||||||
TrustCo Bank Corp. | 62,937 | 441,818 | ||||||
Trustmark Corp. | 54,695 | 1,298,186 | ||||||
UMB Financial Corp. | 31,908 | 1,842,687 | ||||||
Umpqua Holdings Corp. | 153,452 | 2,680,806 | ||||||
Union Bankshares Corp. | 35,017 | 827,452 | ||||||
United Bankshares, Inc. | 53,764 | 1,771,524 | ||||||
United Community Banks, Inc. | 33,346 | 565,548 | ||||||
United Financial Bancorp, Inc. | 38,933 | 482,380 | ||||||
Univest Corp. of Pennsylvania | 14,564 | 278,172 | ||||||
Valley National Bancorp | 161,771 | 1,617,710 | ||||||
ViewPoint Financial Group, Inc. | 30,591 | 796,896 | ||||||
Walker & Dunlop, Inc. * | 16,887 | 239,627 | ||||||
Washington Federal, Inc. | 83,330 | 1,812,427 | ||||||
Washington Trust Bancorp, Inc. | 12,659 | 445,344 | ||||||
Waterstone Financial, Inc. | 6,363 | 72,730 | ||||||
Webster Financial Corp. | 74,282 | 2,191,319 | ||||||
WesBanco, Inc. | 25,119 | 779,945 | ||||||
Westamerica Bancorp | 21,982 | 1,063,269 | ||||||
Western Alliance Bancorp * | 65,104 | 1,537,105 | ||||||
Wilshire Bancorp, Inc. | 53,654 | 523,663 | ||||||
Wintrust Financial Corp. | 39,594 | 1,843,893 | ||||||
WSFS Financial Corp. | 6,010 | 448,346 | ||||||
157,478,918 | ||||||||
Capital Goods 10.5% | ||||||||
A.O. Smith Corp. | 62,598 | 3,072,310 | ||||||
AAON, Inc. | 32,733 | 610,798 | ||||||
AAR Corp. | 34,959 | 968,364 | ||||||
Aceto Corp. | 23,353 | 448,845 | ||||||
Actuant Corp., Class A | 58,401 | 1,969,866 | ||||||
Acuity Brands, Inc. | 35,489 | 4,396,377 | ||||||
AECOM Technology Corp. * | 83,557 | 3,161,797 | ||||||
Aegion Corp. * | 29,475 | 726,854 | ||||||
Aerovironment, Inc. * | 16,779 | 529,210 |
46 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Air Lease Corp. | 72,922 | 2,763,744 | ||||||
Aircastle Ltd. | 55,796 | 1,066,820 | ||||||
Alamo Group, Inc. | 5,444 | 265,395 | ||||||
Albany International Corp., Class A | 25,198 | 946,689 | ||||||
Allegion plc | 73,828 | 3,796,974 | ||||||
Alliant Techsystems, Inc. | 26,191 | 3,300,066 | ||||||
Altra Industrial Motion Corp. | 22,835 | 759,492 | ||||||
Ameresco, Inc., Class A * | 13,375 | 112,484 | ||||||
American Railcar Industries, Inc. (a) | 8,096 | 645,251 | ||||||
American Science & Engineering, Inc. | 6,383 | 369,576 | ||||||
American Woodmark Corp. * | 9,090 | 356,510 | ||||||
Apogee Enterprises, Inc. | 24,865 | 907,821 | ||||||
Applied Industrial Technologies, Inc. | 34,740 | 1,692,185 | ||||||
Armstrong World Industries, Inc. * | 35,788 | 2,064,252 | ||||||
Astec Industries, Inc. | 16,220 | 673,779 | ||||||
Astronics Corp. * | 12,456 | 781,489 | ||||||
AZZ, Inc. | 21,890 | 1,014,383 | ||||||
Barnes Group, Inc. | 39,414 | 1,349,535 | ||||||
Beacon Roofing Supply, Inc. * | 40,341 | 1,150,525 | ||||||
Blount International, Inc. * | 37,841 | 604,699 | ||||||
Briggs & Stratton Corp. | 37,421 | 753,659 | ||||||
Builders FirstSource, Inc. * | 27,505 | 189,785 | ||||||
CAI International, Inc. * | 14,189 | 275,125 | ||||||
Capstone Turbine Corp. *(a) | 200,438 | 250,548 | ||||||
Chart Industries, Inc. * | 25,382 | 1,697,802 | ||||||
CIRCOR International, Inc. | 13,936 | 992,104 | ||||||
CLARCOR, Inc. | 42,149 | 2,664,238 | ||||||
Columbus McKinnon Corp. | 15,571 | 390,209 | ||||||
Comfort Systems USA, Inc. | 31,426 | 477,675 | ||||||
Continental Building Products, Inc. * | 10,187 | 162,890 | ||||||
Crane Co. | 40,896 | 2,845,953 | ||||||
Cubic Corp. | 18,073 | 806,779 | ||||||
Curtiss-Wright Corp. | 40,589 | 2,915,914 | ||||||
DigitalGlobe, Inc. * | 58,865 | 1,787,730 | ||||||
Douglas Dynamics, Inc. | 18,279 | 364,483 | ||||||
DXP Enterprises, Inc. * | 8,789 | 704,175 | ||||||
Dycom Industries, Inc. * | 28,173 | 879,279 | ||||||
EMCOR Group, Inc. | 55,330 | 2,390,256 | ||||||
Encore Wire Corp. | 15,874 | 673,851 | ||||||
EnerSys | 38,850 | 2,497,666 | ||||||
Engility Holdings, Inc. * | 14,574 | 512,130 | ||||||
EnPro Industries, Inc. * | 18,005 | 1,222,540 | ||||||
ESCO Technologies, Inc. | 22,417 | 807,012 | ||||||
Esterline Technologies Corp. * | 26,207 | 3,072,247 | ||||||
Exelis, Inc. | 155,900 | 2,679,921 | ||||||
Federal Signal Corp. | 46,986 | 691,634 | ||||||
Foster Wheeler AG | 83,419 | 2,722,796 | ||||||
Franklin Electric Co., Inc. | 31,604 | 1,199,688 | ||||||
GATX Corp. | 38,541 | 2,554,112 | ||||||
GenCorp, Inc. * | 47,226 | 870,375 | ||||||
Generac Holdings, Inc. * | 57,686 | 2,683,553 | ||||||
General Cable Corp. | 40,479 | 869,084 | ||||||
Gibraltar Industries, Inc. * | 23,307 | 370,814 | ||||||
Global Brass & Copper Holdings, Inc. | 18,257 | 282,071 | ||||||
Global Power Equipment Group, Inc. | 12,130 | 204,391 | ||||||
Graco, Inc. | 49,848 | 3,831,317 | ||||||
GrafTech International Ltd. * | 91,597 | 799,642 | ||||||
Graham Corp. | 8,518 | 260,310 | ||||||
Granite Construction, Inc. | 30,931 | 1,090,936 | ||||||
Great Lakes Dredge & Dock Corp. * | 32,077 | 244,427 | ||||||
Griffon Corp. | 34,675 | 432,397 | ||||||
H&E Equipment Services, Inc. | 25,858 | 1,057,851 | ||||||
Harsco Corp. | 65,886 | 1,594,441 | ||||||
HD Supply Holdings, Inc. * | 81,290 | 2,257,423 | ||||||
HEICO Corp. | 47,321 | 2,451,701 | ||||||
Hexcel Corp. * | 80,428 | 3,312,829 | ||||||
Hillenbrand, Inc. | 51,007 | 1,705,674 | ||||||
Huntington Ingalls Industries, Inc. | 40,293 | 4,114,318 | ||||||
Hyster-Yale Materials Handling, Inc. | 9,751 | 751,705 | ||||||
Insteel Industries, Inc. | 13,431 | 315,360 | ||||||
ITT Corp. | 75,413 | 3,609,266 | ||||||
John Bean Technologies Corp. | 21,073 | 612,171 | ||||||
Kadant, Inc. | 10,218 | 405,042 | ||||||
Kaman Corp. | 23,185 | 942,702 | ||||||
Kennametal, Inc. | 64,609 | 2,895,129 | ||||||
Kratos Defense & Security Solutions, Inc. * | 28,250 | 212,723 | ||||||
L.B. Foster Co., Class A | 8,564 | 449,267 | ||||||
Layne Christensen Co. * | 9,355 | 106,460 | ||||||
Lennox International, Inc. | 37,186 | 3,114,699 | ||||||
Lindsay Corp. (a) | 11,194 | 870,669 | ||||||
Lydall, Inc. * | 14,108 | 390,792 | ||||||
Masonite International Corp. * | 14,224 | 813,328 | ||||||
MasTec, Inc. * | 51,089 | 1,558,214 | ||||||
Meritor, Inc. * | 75,661 | 1,031,259 | ||||||
Moog, Inc., Class A * | 36,586 | 2,593,947 | ||||||
MRC Global, Inc. * | 83,844 | 2,081,008 | ||||||
Mueller Industries, Inc. | 46,668 | 1,364,572 | ||||||
Mueller Water Products, Inc., Class A | 128,632 | 1,187,273 | ||||||
MYR Group, Inc. * | 18,857 | 440,877 | ||||||
National Presto Industries, Inc. (a) | 3,266 | 213,890 | ||||||
Navistar International Corp. * | 58,111 | 2,191,366 | ||||||
NCI Building Systems, Inc. * | 21,460 | 428,342 | ||||||
Nortek, Inc. * | 13,526 | 1,126,986 | ||||||
NOW, Inc. * | 88,548 | 2,924,740 | ||||||
Orbital Sciences Corp. * | 49,114 | 1,314,782 | ||||||
PGT, Inc. * | 20,929 | 218,708 | ||||||
Pike Corp. * | 8,054 | 96,004 | ||||||
Ply Gem Holdings, Inc. * | 6,007 | 70,823 | ||||||
Polypore International, Inc. * | 34,621 | 1,552,059 | ||||||
Powell Industries, Inc. | 8,058 | 424,576 | ||||||
Power Solutions International, Inc. * | 4,384 | 299,646 | ||||||
Preformed Line Products Co. | 2,541 | 144,583 | ||||||
Primoris Services Corp. | 30,254 | 878,576 | ||||||
Proto Labs, Inc. * | 17,411 | 1,310,004 | ||||||
Quanex Building Products Corp. | 28,884 | 521,645 | ||||||
Raven Industries, Inc. | 29,627 | 789,856 | ||||||
RBC Bearings, Inc. | 19,066 | 1,178,660 | ||||||
Regal-Beloit Corp. | 37,670 | 2,677,207 | ||||||
Rexnord Corp. * | 67,133 | 1,960,955 | ||||||
Rush Enterprises, Inc., Class A * | 27,884 | 1,022,506 | ||||||
Simpson Manufacturing Co., Inc. | 35,283 | 1,140,347 | ||||||
SolarCity Corp. * | 40,447 | 2,777,900 |
See financial notes 47
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Spirit AeroSystems Holdings, Inc., Class A * | 105,245 | 4,036,146 | ||||||
Standex International Corp. | 10,467 | 781,152 | ||||||
Stock Building Supply Holdings, Inc. * | 12,461 | 211,837 | ||||||
Sun Hydraulics Corp. | 20,074 | 803,562 | ||||||
TAL International Group, Inc. * | 29,598 | 1,308,232 | ||||||
Taser International, Inc. * | 42,972 | 673,371 | ||||||
Teledyne Technologies, Inc. * | 31,326 | 3,040,815 | ||||||
Tennant Co. | 14,865 | 1,035,942 | ||||||
Terex Corp. | 90,713 | 3,393,573 | ||||||
Textainer Group Holdings Ltd. (a) | 14,054 | 495,825 | ||||||
The Babcock & Wilcox Co. | 90,702 | 2,634,893 | ||||||
The ExOne Co. *(a) | 8,659 | 253,449 | ||||||
The Gorman-Rupp Co. | 16,899 | 524,376 | ||||||
The Greenbrier Cos., Inc. | 20,401 | 1,459,080 | ||||||
The KEYW Holding Corp. *(a) | 12,715 | 150,418 | ||||||
The Manitowoc Co., Inc. | 111,170 | 3,270,621 | ||||||
The Middleby Corp. * | 47,102 | 4,061,605 | ||||||
The Toro Co. | 45,785 | 2,817,151 | ||||||
Thermon Group Holdings, Inc. * | 27,148 | 737,068 | ||||||
Titan International, Inc. | 44,969 | 652,051 | ||||||
Titan Machinery, Inc. *(a) | 11,744 | 144,569 | ||||||
Trex Co., Inc. * | 23,888 | 898,189 | ||||||
TriMas Corp. * | 35,856 | 1,136,635 | ||||||
Trinity Industries, Inc. | 127,393 | 6,163,273 | ||||||
Triumph Group, Inc. | 42,887 | 2,975,071 | ||||||
Tutor Perini Corp. * | 31,662 | 946,061 | ||||||
Twin Disc, Inc. | 7,442 | 240,749 | ||||||
Universal Forest Products, Inc. | 17,079 | 808,691 | ||||||
URS Corp. | 56,717 | 3,435,916 | ||||||
USG Corp. * | 76,731 | 2,222,897 | ||||||
Wabash National Corp. * | 51,678 | 730,727 | ||||||
Watsco, Inc. | 22,364 | 2,068,446 | ||||||
Watts Water Technologies, Inc., Class A | 23,367 | 1,478,897 | ||||||
WESCO International, Inc. * | 36,981 | 3,106,034 | ||||||
Woodward, Inc. | 48,524 | 2,534,409 | ||||||
220,364,200 | ||||||||
Commercial & Professional Services 3.0% | ||||||||
ABM Industries, Inc. | 45,201 | 1,202,347 | ||||||
Acacia Research Corp. (a) | 42,940 | 763,903 | ||||||
ACCO Brands Corp. * | 81,969 | 633,620 | ||||||
Barrett Business Services, Inc. | 5,789 | 342,651 | ||||||
Brady Corp., Class A | 37,729 | 1,004,346 | ||||||
CBIZ, Inc. * | 22,474 | 193,276 | ||||||
CDI Corp. | 10,421 | 158,087 | ||||||
Civeo Corp. | 88,105 | 2,238,748 | ||||||
Clean Harbors, Inc. * | 46,177 | 2,795,556 | ||||||
Corporate Resource Services, Inc. *(a) | 12,832 | 23,739 | ||||||
Covanta Holding Corp. | 107,640 | 2,259,364 | ||||||
Deluxe Corp. | 41,900 | 2,495,145 | ||||||
Ennis, Inc. | 19,514 | 281,587 | ||||||
Exponent, Inc. | 11,195 | 817,907 | ||||||
Franklin Covey Co. * | 11,772 | 224,492 | ||||||
FTI Consulting, Inc. * | 35,234 | 1,307,181 | ||||||
G&K Services, Inc., Class A | 16,709 | 933,866 | ||||||
GP Strategies Corp. * | 17,128 | 431,968 | ||||||
Healthcare Services Group, Inc. | 57,783 | 1,579,209 | ||||||
Heidrick & Struggles International, Inc. | 12,828 | 277,854 | ||||||
Heritage-Crystal Clean, Inc. * | 7,981 | 127,776 | ||||||
Herman Miller, Inc. | 48,722 | 1,448,018 | ||||||
HNI Corp. | 37,248 | 1,412,072 | ||||||
Huron Consulting Group, Inc. * | 19,088 | 1,154,442 | ||||||
ICF International, Inc. * | 15,858 | 535,683 | ||||||
InnerWorkings, Inc. * | 15,205 | 131,827 | ||||||
Insperity, Inc. | 19,860 | 586,069 | ||||||
Interface, Inc. | 44,906 | 764,749 | ||||||
KAR Auction Services, Inc. | 114,970 | 3,467,495 | ||||||
Kelly Services, Inc., Class A | 23,585 | 394,105 | ||||||
Kforce, Inc. | 24,865 | 499,040 | ||||||
Kimball International, Inc., Class B | 26,275 | 417,247 | ||||||
Knoll, Inc. | 40,916 | 748,354 | ||||||
Korn/Ferry International * | 43,247 | 1,308,222 | ||||||
McGrath RentCorp | 21,108 | 780,996 | ||||||
Mistras Group, Inc. * | 12,129 | 260,288 | ||||||
Mobile Mini, Inc. | 35,083 | 1,374,201 | ||||||
MSA Safety, Inc. | 25,560 | 1,415,002 | ||||||
Multi-Color Corp. | 11,112 | 515,375 | ||||||
Navigant Consulting, Inc. * | 37,870 | 616,902 | ||||||
NL Industries, Inc. | 7,775 | 68,342 | ||||||
On Assignment, Inc. * | 40,172 | 1,187,484 | ||||||
Paylocity Holding Corp. * | 5,653 | 128,493 | ||||||
Pendrell Corp. * | 75,272 | 115,919 | ||||||
Performant Financial Corp. * | 13,316 | 128,100 | ||||||
Pitney Bowes, Inc. | 166,657 | 4,509,738 | ||||||
Quad/Graphics, Inc. | 22,917 | 513,570 | ||||||
R.R. Donnelley & Sons Co. | 162,397 | 2,869,555 | ||||||
Resources Connection, Inc. | 33,503 | 512,931 | ||||||
RPX Corp. * | 31,941 | 485,184 | ||||||
SP Plus Corp. * | 13,701 | 296,627 | ||||||
Steelcase, Inc., Class A | 47,127 | 739,894 | ||||||
Team, Inc. * | 14,846 | 592,504 | ||||||
Tetra Tech, Inc. | 53,424 | 1,362,312 | ||||||
The Advisory Board Co. * | 30,932 | 1,534,227 | ||||||
The Brink’s Co. | 39,155 | 1,072,064 | ||||||
The Corporate Executive Board Co. | 27,851 | 1,835,938 | ||||||
TriNet Group, Inc. * | 12,543 | 336,278 | ||||||
TrueBlue, Inc. * | 35,760 | 970,526 | ||||||
UniFirst Corp. | 12,117 | 1,174,743 | ||||||
United Stationers, Inc. | 32,843 | 1,335,068 | ||||||
US Ecology, Inc. | 15,832 | 676,660 | ||||||
Viad Corp. | 16,801 | 368,614 | ||||||
WageWorks, Inc. * | 25,066 | 1,034,223 | ||||||
West Corp. | 17,586 | 521,601 | ||||||
62,293,304 | ||||||||
Consumer Durables & Apparel 2.5% | ||||||||
Arctic Cat, Inc. | 11,942 | 442,093 | ||||||
Beazer Homes USA, Inc. * | 21,767 | 410,308 | ||||||
Black Diamond, Inc. *(a) | 12,222 | 103,643 | ||||||
Brunswick Corp. | 75,812 | 3,259,916 | ||||||
Callaway Golf Co. | 58,092 | 442,080 | ||||||
Cavco Industries, Inc. * | 5,530 | 395,008 | ||||||
Columbia Sportswear Co. | 10,046 | 765,103 | ||||||
Crocs, Inc. * | 70,981 | 1,096,656 | ||||||
Deckers Outdoor Corp. * | 28,437 | 2,623,029 | ||||||
Ethan Allen Interiors, Inc. | 22,090 | 557,331 |
48 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
G-III Apparel Group Ltd. * | 14,150 | 1,167,941 | ||||||
Harman International Industries, Inc. | 56,004 | 6,444,940 | ||||||
Helen of Troy Ltd. * | 22,596 | 1,315,539 | ||||||
Hovnanian Enterprises, Inc., Class A *(a) | 88,150 | 370,230 | ||||||
Iconix Brand Group, Inc. * | 41,176 | 1,714,157 | ||||||
Installed Building Products, Inc. * | 6,592 | 88,135 | ||||||
iRobot Corp. *(a) | 23,944 | 776,504 | ||||||
Kate Spade & Co. * | 104,072 | 3,365,689 | ||||||
KB Home | 71,423 | 1,267,758 | ||||||
La-Z-Boy, Inc. | 43,415 | 926,476 | ||||||
LeapFrog Enterprises, Inc. * | 36,121 | 234,064 | ||||||
LGI Homes, Inc. * | 8,124 | 155,331 | ||||||
Libbey, Inc. * | 17,767 | 490,369 | ||||||
M.D.C Holdings, Inc. | 34,456 | 999,569 | ||||||
M/I Homes, Inc. * | 21,321 | 485,266 | ||||||
Marine Products Corp. | 10,434 | 84,307 | ||||||
Meritage Homes Corp. * | 30,666 | 1,265,586 | ||||||
Movado Group, Inc. | 16,007 | 594,340 | ||||||
NACCO Industries, Inc., Class A | 4,968 | 258,336 | ||||||
Oxford Industries, Inc. | 11,872 | 728,110 | ||||||
Perry Ellis International, Inc. * | 10,438 | 209,491 | ||||||
Quiksilver, Inc. * | 79,996 | 232,788 | ||||||
Skechers U.S.A., Inc., Class A * | 32,686 | 1,907,882 | ||||||
Smith & Wesson Holding Corp. *(a) | 47,452 | 525,294 | ||||||
Standard Pacific Corp. * | 123,784 | 1,036,072 | ||||||
Steven Madden Ltd. * | 49,264 | 1,674,483 | ||||||
Sturm Ruger & Co., Inc. (a) | 16,730 | 843,359 | ||||||
Taylor Morrison Home Corp., Class A * | 23,489 | 466,022 | ||||||
Tempur Sealy International, Inc. * | 51,010 | 2,985,105 | ||||||
The Ryland Group, Inc. | 38,420 | 1,425,382 | ||||||
TRI Pointe Homes, Inc. * | 121,204 | 1,793,819 | ||||||
Tumi Holdings, Inc. * | 42,919 | 964,819 | ||||||
Unifi, Inc. * | 13,526 | 385,626 | ||||||
Universal Electronics, Inc. * | 13,017 | 711,639 | ||||||
Vera Bradley, Inc. * | 19,435 | 398,806 | ||||||
Vince Holding Corp. * | 11,767 | 427,142 | ||||||
WCI Communities, Inc. * | 6,252 | 124,727 | ||||||
William Lyon Homes, Class A * | 14,296 | 364,977 | ||||||
Wolverine World Wide, Inc. | 82,873 | 2,201,107 | ||||||
51,506,354 | ||||||||
Consumer Services 3.5% | ||||||||
2U, Inc. *(a) | 7,628 | 144,169 | ||||||
American Public Education, Inc. * | 15,123 | 459,134 | ||||||
Apollo Education Group, Inc. * | 81,553 | 2,264,727 | ||||||
Ascent Capital Group, Inc., Class A * | 10,419 | 650,250 | ||||||
Bally Technologies, Inc. * | 32,339 | 2,564,159 | ||||||
Belmond Ltd., Class A * | 71,082 | 908,428 | ||||||
Biglari Holdings, Inc. * | 1,346 | 483,685 | ||||||
BJ’s Restaurants, Inc. * | 20,436 | 761,650 | ||||||
Bloomin’ Brands, Inc. * | 63,504 | 1,056,707 | ||||||
Bob Evans Farms, Inc. | 20,914 | 908,086 | ||||||
Boyd Gaming Corp. * | 65,159 | 693,943 | ||||||
Bravo Brio Restaurant Group, Inc. * | 13,145 | 189,814 | ||||||
Bridgepoint Education, Inc. * | 7,176 | 90,202 | ||||||
Bright Horizons Family Solutions, Inc. * | 24,243 | 985,963 | ||||||
Brinker International, Inc. | 53,068 | 2,595,025 | ||||||
Buffalo Wild Wings, Inc. * | 15,652 | 2,312,583 | ||||||
Caesars Entertainment Corp. *(a) | 31,350 | 421,344 | ||||||
Capella Education Co. | 9,304 | 605,783 | ||||||
Carriage Services, Inc. | 11,922 | 222,226 | ||||||
Chegg, Inc. *(a) | 10,056 | 69,487 | ||||||
Choice Hotels International, Inc. | 29,722 | 1,609,744 | ||||||
Churchill Downs, Inc. | 9,982 | 940,005 | ||||||
Chuy’s Holdings, Inc. * | 13,239 | 348,186 | ||||||
ClubCorp Holdings, Inc. | 19,688 | 365,409 | ||||||
Cracker Barrel Old Country Store, Inc. | 19,949 | 2,003,079 | ||||||
Del Frisco’s Restaurant Group, Inc. * | 20,328 | 449,859 | ||||||
Denny’s Corp. * | 61,677 | 421,254 | ||||||
DeVry Education Group, Inc. | 46,856 | 2,011,528 | ||||||
Diamond Resorts International, Inc. * | 13,748 | 343,975 | ||||||
DineEquity, Inc. | 13,140 | 1,093,248 | ||||||
Domino’s Pizza, Inc. | 45,550 | 3,436,748 | ||||||
Education Management Corp. *(a) | 15,207 | 19,617 | ||||||
Fiesta Restaurant Group, Inc. * | 20,657 | 1,014,052 | ||||||
Graham Holdings Co., Class B | 3,744 | 2,691,187 | ||||||
Grand Canyon Education, Inc. * | 39,031 | 1,687,700 | ||||||
Houghton Mifflin Harcourt Co. * | 13,986 | 268,531 | ||||||
Ignite Restaurant Group, Inc. * | 5,494 | 40,546 | ||||||
International Speedway Corp., Class A | 23,452 | 785,407 | ||||||
Interval Leisure Group, Inc. | 33,968 | 734,388 | ||||||
Intrawest Resorts Holdings, Inc. * | 13,483 | 155,189 | ||||||
Isle of Capri Casinos, Inc. * | 18,372 | 151,936 | ||||||
ITT Educational Services, Inc. *(a) | 14,987 | 126,340 | ||||||
Jack in the Box, Inc. | 31,915 | 1,897,347 | ||||||
K12, Inc. * | 23,412 | 440,848 | ||||||
Krispy Kreme Doughnuts, Inc. * | 52,040 | 885,200 | ||||||
La Quinta Holdings, Inc. * | 33,206 | 655,819 | ||||||
Life Time Fitness, Inc. * | 30,204 | 1,392,404 | ||||||
LifeLock, Inc. * | 56,675 | 839,924 | ||||||
Marriott Vacations Worldwide Corp. * | 24,355 | 1,451,314 | ||||||
Matthews International Corp., Class A | 23,828 | 1,099,662 | ||||||
Multimedia Games Holding Co., Inc. * | 23,096 | 642,300 | ||||||
Noodles & Co. * | 9,037 | 176,854 | ||||||
Papa John’s International, Inc. | 25,109 | 994,316 | ||||||
Pinnacle Entertainment, Inc. * | 47,946 | 1,198,171 | ||||||
Popeyes Louisiana Kitchen, Inc. * | 20,436 | 819,484 | ||||||
Potbelly Corp. *(a) | 6,675 | 80,768 | ||||||
Red Robin Gourmet Burgers, Inc. * | 11,195 | 594,455 | ||||||
Regis Corp. | 37,598 | 568,106 | ||||||
Ruby Tuesday, Inc. * | 41,312 | 254,895 | ||||||
Ruth’s Hospitality Group, Inc. | 26,097 | 290,982 | ||||||
Scientific Games Corp., Class A * | 35,066 | �� | 355,920 | |||||
SeaWorld Entertainment, Inc. | 57,105 | 1,187,213 | ||||||
Service Corp. International | 176,602 | 3,915,266 | ||||||
Six Flags Entertainment Corp. | 77,526 | 2,828,149 | ||||||
Sonic Corp. * | 40,648 | 858,079 | ||||||
Sotheby’s | 57,590 | 2,350,248 | ||||||
Speedway Motorsports, Inc. | 8,517 | 158,416 |
See financial notes 49
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Steiner Leisure Ltd. * | 10,199 | 433,661 | ||||||
Strayer Education, Inc. * | 9,053 | 549,698 | ||||||
Texas Roadhouse, Inc. | 51,284 | 1,363,642 | ||||||
The Cheesecake Factory, Inc. | 39,060 | 1,755,747 | ||||||
The Marcus Corp. | 16,123 | 293,600 | ||||||
The Wendy’s Co. | 211,988 | 1,727,702 | ||||||
Town Sports International Holdings, Inc. | 16,601 | 92,800 | ||||||
Universal Technical Institute, Inc. | 14,202 | 158,636 | ||||||
Vail Resorts, Inc. | 29,802 | 2,368,961 | ||||||
Weight Watchers International, Inc. (a) | 23,561 | 581,721 | ||||||
Zoe’s Kitchen, Inc. *(a) | 4,858 | 141,708 | ||||||
74,489,309 | ||||||||
Diversified Financials 2.6% | ||||||||
Actua Corp. * | 30,344 | 526,468 | ||||||
Arlington Asset Investment Corp., Class A | 12,565 | 357,097 | ||||||
Artisan Partners Asset Management, Inc., Class A | 27,684 | 1,535,908 | ||||||
BGC Partners, Inc., Class A | 131,161 | 992,889 | ||||||
Cash America International, Inc. | 24,816 | 1,107,786 | ||||||
CBOE Holdings, Inc. | 70,947 | 3,761,965 | ||||||
Cohen & Steers, Inc. (a) | 16,403 | 715,827 | ||||||
Cowen Group, Inc., Class A * | 92,912 | 380,010 | ||||||
Credit Acceptance Corp. * | 7,897 | 973,226 | ||||||
Diamond Hill Investment Group, Inc. | 2,154 | 282,562 | ||||||
E*TRADE Financial Corp. * | 237,180 | 5,279,627 | ||||||
Encore Capital Group, Inc. * | 19,609 | 870,444 | ||||||
Evercore Partners, Inc., Class A | 29,500 | 1,511,285 | ||||||
Ezcorp, Inc., Class A * | 48,277 | 513,185 | ||||||
Federated Investors, Inc., Class B | 78,810 | 2,418,679 | ||||||
Financial Engines, Inc. | 42,873 | 1,537,854 | ||||||
First Cash Financial Services, Inc. * | 23,267 | 1,343,902 | ||||||
FXCM, Inc., Class A (a) | 30,795 | 446,220 | ||||||
GAMCO Investors, Inc., Class A | 3,573 | 279,802 | ||||||
GFI Group, Inc. | 26,588 | 120,178 | ||||||
Green Dot Corp., Class A * | 24,001 | 453,379 | ||||||
Greenhill & Co., Inc. | 21,253 | 1,041,822 | ||||||
HFF, Inc., Class A | 27,275 | 818,250 | ||||||
Interactive Brokers Group, Inc., Class A | 38,714 | 907,456 | ||||||
INTL FCStone, Inc. * | 11,809 | 226,497 | ||||||
Investment Technology Group, Inc. * | 31,663 | 539,221 | ||||||
Janus Capital Group, Inc. | 120,568 | 1,464,901 | ||||||
JGWPT Holdings, Inc., Class A * | 8,272 | 111,672 | ||||||
KCG Holdings, Inc., Class A * | 72,787 | 851,608 | ||||||
Ladenburg Thalmann Financial Services, Inc. * | 63,121 | 225,973 | ||||||
MarketAxess Holdings, Inc. | 30,613 | 1,803,718 | ||||||
Marlin Business Services Corp. | 8,564 | 169,396 | ||||||
Moelis & Co. (a) | 5,417 | 196,583 | ||||||
Nelnet, Inc., Class A | 15,574 | 684,789 | ||||||
NewStar Financial, Inc. * | 18,846 | 217,294 | ||||||
NorthStar Asset Management Group, Inc. * | 149,689 | 2,767,750 | ||||||
PHH Corp. * | 46,422 | 1,112,271 | ||||||
PICO Holdings, Inc. * | 20,635 | 456,033 | ||||||
Piper Jaffray Cos. * | 12,784 | 682,154 | ||||||
Portfolio Recovery Associates, Inc. * | 41,298 | 2,346,965 | ||||||
Pzena Investment Management, Inc., Class A | 9,524 | 96,288 | ||||||
RCS Capital Corp., Class A | 21,916 | 485,878 | ||||||
Safeguard Scientifics, Inc. * | 18,782 | 368,127 | ||||||
Springleaf Holdings, Inc. * | 16,731 | 556,808 | ||||||
Stifel Financial Corp. * | 51,184 | 2,450,690 | ||||||
TPG Specialty Lending, Inc. (a) | 15,204 | 268,503 | ||||||
Virtus Investment Partners, Inc. | 5,871 | 1,313,284 | ||||||
Waddell & Reed Financial, Inc., Class A | 70,037 | 3,817,016 | ||||||
Walter Investment Management Corp. *(a) | 31,344 | 825,914 | ||||||
Westwood Holdings Group, Inc. | 6,244 | 372,142 | ||||||
WisdomTree Investments, Inc. * | 85,946 | 1,016,741 | ||||||
World Acceptance Corp. *(a) | 7,761 | 607,997 | ||||||
54,212,034 | ||||||||
Energy 6.2% | ||||||||
Alon USA Energy, Inc. | 20,612 | 342,778 | ||||||
Alpha Natural Resources, Inc. *(a) | 182,062 | 719,145 | ||||||
Apco Oil & Gas International, Inc. * | 14,891 | 211,899 | ||||||
Approach Resources, Inc. *(a) | 30,654 | 548,093 | ||||||
Arch Coal, Inc. (a) | 146,271 | 446,127 | ||||||
Athlon Energy, Inc. * | 52,780 | 2,456,381 | ||||||
Atwood Oceanics, Inc. * | 47,688 | 2,356,264 | ||||||
Basic Energy Services, Inc. * | 29,806 | 721,603 | ||||||
Bill Barrett Corp. * | 43,642 | 993,728 | ||||||
Bonanza Creek Energy, Inc. * | 24,743 | 1,519,468 | ||||||
BPZ Resources, Inc. * | 60,822 | 149,014 | ||||||
Bristow Group, Inc. | 29,256 | 2,135,103 | ||||||
C&J Energy Services, Inc. * | 38,391 | 1,101,438 | ||||||
CARBO Ceramics, Inc. | 16,729 | 1,799,873 | ||||||
Carrizo Oil & Gas, Inc. * | 33,647 | 2,110,340 | ||||||
CHC Group Ltd. * | 13,982 | 97,035 | ||||||
Clayton Williams Energy, Inc. * | 5,082 | 601,912 | ||||||
Clean Energy Fuels Corp. *(a) | 57,317 | 571,450 | ||||||
Cloud Peak Energy, Inc. * | 53,465 | 839,935 | ||||||
Comstock Resources, Inc. | 38,365 | 935,339 | ||||||
Contango Oil & Gas Co. * | 11,712 | 464,029 | ||||||
Delek US Holdings, Inc. | 41,855 | 1,464,088 | ||||||
Diamondback Energy, Inc. * | 45,614 | 3,938,769 | ||||||
Dril-Quip, Inc. * | 33,502 | 3,399,448 | ||||||
Energen Corp. | 59,855 | 4,817,130 | ||||||
Energy Transfer Partners LP | 11,010 | 632,528 | ||||||
Energy XXI Bermuda Ltd. | 75,987 | 1,253,785 | ||||||
EP Energy Corp., Class A *(a) | 29,163 | 563,721 | ||||||
Era Group, Inc. * | 15,511 | 397,237 | ||||||
Evolution Petroleum Corp. | 21,874 | 219,396 | ||||||
EXCO Resources, Inc. (a) | 126,550 | 611,236 | ||||||
Exterran Holdings, Inc. | 48,136 | 2,244,582 | ||||||
Forest Oil Corp. * | 62,814 | 102,387 | ||||||
Forum Energy Technologies, Inc. * | 54,145 | 1,843,637 | ||||||
Frank’s International N.V. | 23,577 | 475,077 | ||||||
Geospace Technologies Corp. * | 11,045 | 454,170 | ||||||
Goodrich Petroleum Corp. *(a) | 28,801 | 636,502 | ||||||
Green Plains, Inc. | 25,817 | 1,153,762 | ||||||
Gulf Island Fabrication, Inc. | 10,509 | 221,425 |
50 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Gulfmark Offshore, Inc., Class A | 19,851 | 798,209 | ||||||
Gulfport Energy Corp. * | 69,716 | 4,078,386 | ||||||
Halcon Resources Corp. *(a) | 214,746 | 1,181,103 | ||||||
Helix Energy Solutions Group, Inc. * | 80,940 | 2,211,281 | ||||||
Hercules Offshore, Inc. * | 120,161 | 404,943 | ||||||
Hornbeck Offshore Services, Inc. * | 28,223 | 1,232,216 | ||||||
ION Geophysical Corp. * | 99,286 | 342,537 | ||||||
Isramco, Inc. *(a) | 922 | 116,163 | ||||||
Jones Energy, Inc., Class A * | 11,116 | 213,650 | ||||||
Key Energy Services, Inc. * | 111,484 | 702,349 | ||||||
Kodiak Oil & Gas Corp. * | 220,222 | 3,583,012 | ||||||
Kosmos Energy Ltd. * | 87,451 | 876,259 | ||||||
Laredo Petroleum, Inc. * | 47,715 | 1,127,983 | ||||||
Magnum Hunter Resources Corp. * | 149,274 | 1,031,483 | ||||||
Matador Resources Co. * | 57,128 | 1,563,022 | ||||||
Matrix Service Co. * | 23,290 | 657,011 | ||||||
McDermott International, Inc. * | 191,785 | 1,380,852 | ||||||
Midstates Petroleum Co., Inc. *(a) | 16,305 | 115,113 | ||||||
Natural Gas Services Group, Inc. * | 10,218 | 303,270 | ||||||
Newfield Exploration Co. * | 112,134 | 5,025,846 | ||||||
Newpark Resources, Inc. * | 75,799 | 934,602 | ||||||
Northern Oil & Gas, Inc. * | 50,557 | 851,885 | ||||||
Nuverra Environmental Solutions, Inc. *(a) | 15,537 | 209,749 | ||||||
Parker Drilling Co. * | 94,812 | 595,419 | ||||||
Patterson-UTI Energy, Inc. | 118,834 | 4,104,526 | ||||||
PBF Energy, Inc., Class A | 71,039 | 2,018,218 | ||||||
PDC Energy, Inc. * | 29,080 | 1,747,417 | ||||||
Penn Virginia Corp. * | 58,794 | 883,086 | ||||||
PetroQuest Energy, Inc. * | 45,554 | 303,390 | ||||||
PHI, Inc. * | 11,142 | 476,432 | ||||||
Pioneer Energy Services Corp. * | 53,952 | 829,782 | ||||||
Quicksilver Resources, Inc. *(a) | 55,338 | 73,600 | ||||||
Resolute Energy Corp. *(a) | 52,694 | 423,133 | ||||||
Rex Energy Corp. * | 37,508 | 573,122 | ||||||
Rice Energy, Inc. * | 49,951 | 1,462,565 | ||||||
RigNet, Inc. * | 7,443 | 347,365 | ||||||
Rosetta Resources, Inc. * | 50,718 | 2,535,900 | ||||||
RPC, Inc. | 51,401 | 1,170,401 | ||||||
RSP Permian, Inc. * | 29,816 | 852,738 | ||||||
Sanchez Energy Corp. * | 40,984 | 1,360,259 | ||||||
SandRidge Energy, Inc. *(a) | 296,819 | 1,555,332 | ||||||
SEACOR Holdings, Inc. * | 16,551 | 1,350,562 | ||||||
SemGroup Corp., Class A | 35,339 | 3,100,290 | ||||||
Solazyme, Inc. *(a) | 44,544 | 417,823 | ||||||
Stone Energy Corp. * | 46,081 | 1,621,590 | ||||||
Swift Energy Co. *(a) | 35,304 | 400,700 | ||||||
Synergy Resources Corp. * | 49,446 | 665,543 | ||||||
Targa Resources Corp. | 24,016 | 3,351,433 | ||||||
Teekay Corp. | 31,195 | 1,912,877 | ||||||
Tesco Corp. | 25,657 | 544,442 | ||||||
TETRA Technologies, Inc. * | 68,205 | 804,819 | ||||||
Tidewater, Inc. | 40,881 | 2,079,616 | ||||||
TransAtlantic Petroleum Ltd. * | 12,514 | 137,279 | ||||||
Triangle Petroleum Corp. * | 58,987 | 707,254 | ||||||
Ultra Petroleum Corp. *(a) | 126,331 | 3,351,561 | ||||||
Unit Corp. * | 36,266 | 2,386,665 | ||||||
VAALCO Energy, Inc. * | 33,821 | 309,462 | ||||||
Vantage Drilling Co. * | 104,508 | 186,024 | ||||||
W&T Offshore, Inc. | 29,366 | 438,141 | ||||||
Western Refining, Inc. | 62,068 | 2,888,024 | ||||||
Willbros Group, Inc. * | 29,096 | 318,310 | ||||||
World Fuel Services Corp. | 59,161 | 2,625,565 | ||||||
WPX Energy, Inc. * | 166,784 | 4,439,790 | ||||||
129,841,213 | ||||||||
Food & Staples Retailing 0.8% | ||||||||
Casey’s General Stores, Inc. | 31,903 | 2,287,126 | ||||||
Fairway Group Holdings Corp. *(a) | 12,120 | 54,419 | ||||||
Ingles Markets, Inc., Class A | 9,114 | 230,037 | ||||||
Natural Grocers by Vitamin Cottage, Inc. * | 7,138 | 131,696 | ||||||
PriceSmart, Inc. | 14,250 | 1,277,085 | ||||||
Rite Aid Corp. * | 731,695 | 4,551,143 | ||||||
Roundy’s, Inc. | 22,216 | 83,088 | ||||||
SpartanNash Co. | 31,068 | 667,651 | ||||||
SUPERVALU, Inc. * | 169,244 | 1,616,280 | ||||||
The Andersons, Inc. | 23,185 | 1,594,433 | ||||||
The Chefs’ Warehouse, Inc. * | 15,663 | 295,874 | ||||||
The Fresh Market, Inc. * | 35,053 | 1,169,018 | ||||||
The Pantry, Inc. * | 19,339 | 409,407 | ||||||
United Natural Foods, Inc. * | 39,536 | 2,541,769 | ||||||
Village Super Market, Inc., Class A | 3,658 | 83,878 | ||||||
Weis Markets, Inc. | 9,291 | 399,048 | ||||||
17,391,952 | ||||||||
Food, Beverage & Tobacco 1.8% | ||||||||
Alico, Inc. | 2,484 | 96,975 | ||||||
Alliance One International, Inc. * | 45,349 | 100,675 | ||||||
Annie’s, Inc. * | 12,920 | 412,019 | ||||||
B&G Foods, Inc. | 45,678 | 1,379,476 | ||||||
Boulder Brands, Inc. * | 47,773 | 643,025 | ||||||
Cal-Maine Foods, Inc. | 12,699 | 1,004,618 | ||||||
Calavo Growers, Inc. | 10,892 | 424,243 | ||||||
Chiquita Brands International, Inc. * | 38,600 | 536,540 | ||||||
Coca-Cola Bottling Co. Consolidated | 3,607 | 268,216 | ||||||
Darling Ingredients, Inc. * | 134,436 | 2,591,926 | ||||||
Dean Foods Co. | 75,530 | 1,222,075 | ||||||
Diamond Foods, Inc. * | 17,929 | 494,303 | ||||||
Fresh Del Monte Produce, Inc. | 29,864 | 953,856 | ||||||
J&J Snack Foods Corp. | 12,000 | 1,136,520 | ||||||
Lancaster Colony Corp. | 15,903 | 1,405,984 | ||||||
Limoneira Co. | 7,917 | 191,829 | ||||||
National Beverage Corp. * | 9,747 | 178,662 | ||||||
Pilgrim’s Pride Corp. * | 50,499 | 1,508,405 | ||||||
Pinnacle Foods, Inc. | 45,996 | 1,488,431 | ||||||
Post Holdings, Inc. * | 34,435 | 1,273,062 | ||||||
Sanderson Farms, Inc. | 17,128 | 1,598,385 | ||||||
Seaboard Corp. * | 235 | 681,324 | ||||||
Seneca Foods Corp., Class A * | 6,413 | 193,480 | ||||||
Snyder’s-Lance, Inc. | 42,870 | 1,168,636 | ||||||
The Boston Beer Co., Inc., Class A * | 7,286 | 1,610,060 | ||||||
The Hain Celestial Group, Inc. * | 41,449 | 4,076,924 | ||||||
The WhiteWave Foods Co. * | 141,384 | 4,951,268 | ||||||
Tootsie Roll Industries, Inc. (a) | 18,651 | 526,891 | ||||||
TreeHouse Foods, Inc. * | 33,129 | 2,733,805 | ||||||
Universal Corp. | 18,888 | 996,531 |
See financial notes 51
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Vector Group Ltd. | 52,852 | 1,262,634 | ||||||
37,110,778 | ||||||||
Health Care Equipment & Services 5.4% | ||||||||
Abaxis, Inc. | 18,782 | 896,841 | ||||||
ABIOMED, Inc. *(a) | 30,666 | 798,849 | ||||||
Acadia Healthcare Co., Inc. * | 35,873 | 1,837,056 | ||||||
Accuray, Inc. *(a) | 43,389 | 353,186 | ||||||
Air Methods Corp. * | 29,525 | 1,731,937 | ||||||
Alere, Inc. * | 64,111 | 2,272,735 | ||||||
Align Technology, Inc. * | 58,606 | 3,191,683 | ||||||
Allscripts Healthcare Solutions, Inc. * | 130,005 | 1,920,824 | ||||||
Amedisys, Inc. * | 27,215 | 569,338 | ||||||
AMN Healthcare Services, Inc. * | 31,628 | 478,215 | ||||||
Amsurg Corp. * | 33,196 | 1,785,613 | ||||||
Analogic Corp. | 10,468 | 755,790 | ||||||
AngioDynamics, Inc. * | 21,784 | 307,372 | ||||||
Antares Pharma, Inc. *(a) | 67,802 | 159,335 | ||||||
athenahealth, Inc. * | 31,309 | 4,522,272 | ||||||
Atrion Corp. | 1,155 | 369,600 | ||||||
Bio-Reference Laboratories, Inc. * | 20,486 | 595,118 | ||||||
BioScrip, Inc. * | 40,519 | 342,791 | ||||||
Brookdale Senior Living, Inc. * | 139,735 | 4,883,738 | ||||||
Cantel Medical Corp. | 29,181 | 1,064,231 | ||||||
Capital Senior Living Corp. * | 22,734 | 519,927 | ||||||
Cardiovascular Systems, Inc. * | 21,204 | 604,102 | ||||||
Castlight Health, Inc., Class B *(a) | 9,295 | 110,703 | ||||||
Centene Corp. * | 46,939 | 3,667,344 | ||||||
Chemed Corp. (a) | 14,258 | 1,505,787 | ||||||
Computer Programs & Systems, Inc. | 9,341 | 573,911 | ||||||
CONMED Corp. | 23,601 | 932,240 | ||||||
CorVel Corp. * | 10,912 | 446,301 | ||||||
Cyberonics, Inc. * | 20,480 | 1,175,347 | ||||||
Cynosure, Inc., Class A * | 17,344 | 390,760 | ||||||
DexCom, Inc. * | 57,317 | 2,533,411 | ||||||
Endologix, Inc. * | 48,431 | 668,832 | ||||||
Exactech, Inc. * | 7,443 | 177,739 | ||||||
ExamWorks Group, Inc. * | 26,656 | 878,315 | ||||||
Five Star Quality Care, Inc. * | 12,294 | 57,044 | ||||||
GenMark Diagnostics, Inc. * | 31,314 | 336,626 | ||||||
Gentiva Health Services, Inc. * | 26,185 | 473,163 | ||||||
Globus Medical, Inc., Class A * | 47,294 | 857,913 | ||||||
Greatbatch, Inc. * | 20,433 | 931,132 | ||||||
Haemonetics Corp. * | 42,993 | 1,534,420 | ||||||
Hanger, Inc. * | 30,154 | 675,450 | ||||||
Health Net, Inc. * | 65,974 | 3,113,973 | ||||||
HealthSouth Corp. | 72,448 | 2,853,727 | ||||||
HealthStream, Inc. * | 18,041 | 468,344 | ||||||
Healthways, Inc. * | 28,243 | 493,123 | ||||||
HeartWare International, Inc. * | 12,370 | 1,003,207 | ||||||
Hill-Rom Holdings, Inc. | 47,051 | 2,061,304 | ||||||
HMS Holdings Corp. * | 70,598 | 1,613,870 | ||||||
ICU Medical, Inc. * | 10,993 | 688,052 | ||||||
Insulet Corp. * | 47,432 | 1,712,770 | ||||||
Integra LifeSciences Holdings Corp. * | 19,984 | 999,000 | ||||||
Invacare Corp. | 23,416 | 359,201 | ||||||
IPC The Hospitalist Co., Inc. * | 15,125 | 731,143 | ||||||
K2M Group Holdings, Inc. * | 7,345 | 104,372 | ||||||
Kindred Healthcare, Inc. | 45,567 | 940,959 | ||||||
Landauer, Inc. | 8,607 | 313,467 | ||||||
LDR Holding Corp. * | 8,835 | 239,163 | ||||||
LHC Group, Inc. * | 11,932 | 307,130 | ||||||
LifePoint Hospitals, Inc. * | 36,829 | 2,754,809 | ||||||
Magellan Health, Inc. * | 23,211 | 1,296,566 | ||||||
Masimo Corp. * | 44,627 | 1,001,430 | ||||||
MedAssets, Inc. * | 52,847 | 1,215,481 | ||||||
Medidata Solutions, Inc. * | 43,280 | 2,014,251 | ||||||
Meridian Bioscience, Inc. | 36,487 | 714,051 | ||||||
Merit Medical Systems, Inc. * | 31,399 | 392,801 | ||||||
Molina Healthcare, Inc. * | 22,886 | 1,094,866 | ||||||
MWI Veterinary Supply, Inc. * | 11,046 | 1,569,084 | ||||||
National Healthcare Corp. | 6,218 | 356,291 | ||||||
National Research Corp., Class A * | 7,173 | 100,350 | ||||||
Natus Medical, Inc. * | 23,999 | 674,612 | ||||||
Neogen Corp. * | 30,654 | 1,290,533 | ||||||
NuVasive, Inc. * | 38,191 | 1,340,504 | ||||||
NxStage Medical, Inc. * | 46,762 | 613,517 | ||||||
Omnicell, Inc. * | 30,380 | 855,197 | ||||||
OraSure Technologies, Inc. * | 47,682 | 397,191 | ||||||
Orthofix International N.V. * | 15,507 | 525,842 | ||||||
Owens & Minor, Inc. | 50,544 | 1,738,714 | ||||||
PharMerica Corp. * | 25,553 | 636,014 | ||||||
PhotoMedex, Inc. *(a) | 8,137 | 66,561 | ||||||
Quality Systems, Inc. | 36,588 | 572,968 | ||||||
Quidel Corp. * | 26,519 | 625,848 | ||||||
Select Medical Holdings Corp. | 44,782 | 627,844 | ||||||
STERIS Corp. | 49,237 | 2,771,551 | ||||||
Surgical Care Affiliates, Inc. * | 7,568 | 225,224 | ||||||
SurModics, Inc. * | 11,305 | 230,848 | ||||||
Symmetry Medical, Inc. * | 19,003 | 175,208 | ||||||
Tandem Diabetes Care, Inc. * | 6,709 | 94,932 | ||||||
Team Health Holdings, Inc. * | 57,946 | 3,391,000 | ||||||
TearLab Corp. *(a) | 1,669 | 6,459 | ||||||
Teleflex, Inc. | 34,291 | 3,754,179 | ||||||
The Ensign Group, Inc. | 15,984 | 559,440 | ||||||
The Providence Service Corp. * | 10,218 | 465,226 | ||||||
The Spectranetics Corp. * | 34,082 | 967,247 | ||||||
Thoratec Corp. * | 47,337 | 1,183,425 | ||||||
Tornier NV * | 30,137 | 651,562 | ||||||
Triple-S Management Corp., Class B * | 18,676 | 357,459 | ||||||
Universal American Corp. * | 16,093 | 137,595 | ||||||
US Physical Therapy, Inc. | 11,045 | 394,307 | ||||||
Vascular Solutions, Inc. * | 12,699 | 303,506 | ||||||
VCA, Inc. * | 72,627 | 2,959,550 | ||||||
Vocera Communications, Inc. * | 17,262 | 151,560 | ||||||
Volcano Corp. * | 42,208 | 525,068 | ||||||
WellCare Health Plans, Inc. * | 36,074 | 2,375,834 | ||||||
West Pharmaceutical Services, Inc. | 57,843 | 2,512,122 | ||||||
Wright Medical Group, Inc. * | 41,514 | 1,238,778 | ||||||
113,797,201 | ||||||||
Household & Personal Products 0.4% | ||||||||
Central Garden & Pet Co., Class A * | 33,534 | 302,141 | ||||||
Elizabeth Arden, Inc. * | 22,718 | 388,478 | ||||||
Harbinger Group, Inc. * | 28,605 | 370,435 | ||||||
Inter Parfums, Inc. | 14,963 | 455,773 | ||||||
Lifevantage Corp. *(a) | 16,773 | 21,302 |
52 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Medifast, Inc. * | 10,981 | 368,962 | ||||||
Nature’s Sunshine Products, Inc. | 8,564 | 140,878 | ||||||
Nu Skin Enterprises, Inc., Class A | 49,442 | 2,211,046 | ||||||
Revlon, Inc., Class A * | 9,824 | 333,721 | ||||||
Rock Creek Pharmaceuticals, Inc. *(a) | 120,850 | 41,125 | ||||||
Spectrum Brands Holdings, Inc. | 18,356 | 1,589,629 | ||||||
Synutra International, Inc. *(a) | 4,734 | 26,842 | ||||||
USANA Health Sciences, Inc. * | 5,497 | 401,446 | ||||||
WD-40 Co. | 11,700 | 803,790 | ||||||
7,455,568 | ||||||||
Insurance 3.2% | ||||||||
Allied World Assurance Co. Holdings AG | 81,045 | 2,997,855 | ||||||
Ambac Financial Group, Inc. * | 38,074 | 921,391 | ||||||
American Equity Investment Life Holding Co. | 59,972 | 1,483,707 | ||||||
American National Insurance Co. | 3,935 | 447,960 | ||||||
AMERISAFE, Inc. | 15,774 | 595,153 | ||||||
AmTrust Financial Services, Inc. (a) | 26,068 | 1,147,774 | ||||||
Argo Group International Holdings Ltd. | 21,563 | 1,135,076 | ||||||
Aspen Insurance Holdings Ltd. | 55,201 | 2,347,146 | ||||||
Assurant, Inc. | 58,921 | 3,932,977 | ||||||
Assured Guaranty Ltd. | 146,846 | 3,546,331 | ||||||
Baldwin & Lyons, Inc., Class B | 7,443 | 192,550 | ||||||
Citizens, Inc. * | 21,906 | 156,628 | ||||||
CNO Financial Group, Inc. | 179,183 | 3,198,416 | ||||||
Crawford & Co., Class B | 19,413 | 174,911 | ||||||
Donegal Group, Inc., Class A | 5,949 | 93,697 | ||||||
eHealth, Inc. * | 15,811 | 388,002 | ||||||
EMC Insurance Group, Inc. | 3,401 | 104,207 | ||||||
Employers Holdings, Inc. | 26,569 | 568,842 | ||||||
Endurance Specialty Holdings Ltd. | 36,793 | 2,136,569 | ||||||
Enstar Group Ltd. * | 8,753 | 1,242,051 | ||||||
FBL Financial Group, Inc., Class A | 9,114 | 426,809 | ||||||
Fidelity & Guaranty Life | 8,494 | 191,625 | ||||||
First American Financial Corp. | 88,789 | 2,517,168 | ||||||
Global Indemnity plc * | 8,604 | 232,652 | ||||||
Greenlight Capital Re Ltd., Class A * | 25,742 | 880,634 | ||||||
Hilltop Holdings, Inc. * | 55,113 | 1,166,742 | ||||||
Horace Mann Educators Corp. | 34,256 | 1,020,829 | ||||||
Infinity Property & Casualty Corp. | 9,020 | 616,788 | ||||||
Kansas City Life Insurance Co. | 2,611 | 121,255 | ||||||
Kemper Corp. | 41,871 | 1,522,011 | ||||||
Maiden Holdings Ltd. | 43,761 | 532,134 | ||||||
MBIA, Inc. * | 121,822 | 1,270,603 | ||||||
Meadowbrook Insurance Group, Inc. | 23,769 | 147,130 | ||||||
Mercury General Corp. | 31,298 | 1,603,396 | ||||||
Montpelier Re Holdings Ltd. | 33,368 | 1,049,424 | ||||||
National General Holdings Corp. | 49,331 | 923,970 | ||||||
National Interstate Corp. | 15,011 | 420,308 | ||||||
National Western Life Insurance Co., Class A | 1,554 | 394,716 | ||||||
Old Republic International Corp. | 199,293 | 3,059,148 | ||||||
OneBeacon Insurance Group Ltd., Class A | 17,278 | 276,966 | ||||||
Platinum Underwriters Holdings Ltd. | 21,965 | 1,372,154 | ||||||
Primerica, Inc. | 44,744 | 2,251,965 | ||||||
ProAssurance Corp. | 48,830 | 2,255,946 | ||||||
Protective Life Corp. | 64,670 | 4,488,098 | ||||||
RLI Corp. | 27,563 | 1,232,066 | ||||||
Safety Insurance Group, Inc. | 11,394 | 628,949 | ||||||
Selective Insurance Group, Inc. | 45,824 | 1,098,401 | ||||||
StanCorp Financial Group, Inc. | 36,252 | 2,375,231 | ||||||
State Auto Financial Corp. | 11,674 | 253,326 | ||||||
Stewart Information Services Corp. | 19,122 | 616,111 | ||||||
Symetra Financial Corp. | 77,276 | 1,880,898 | ||||||
The Hanover Insurance Group, Inc. | 36,444 | 2,312,372 | ||||||
The Navigators Group, Inc. * | 7,993 | 513,550 | ||||||
Third Point Reinsurance Ltd. * | 17,431 | 267,043 | ||||||
United Fire Group, Inc. | 18,882 | 553,620 | ||||||
67,285,281 | ||||||||
Materials 5.7% | ||||||||
A. Schulman, Inc. | 25,742 | 999,562 | ||||||
A.M. Castle & Co. * | 12,802 | 125,460 | ||||||
Advanced Emissions Solutions, Inc. * | 17,128 | 373,219 | ||||||
AEP Industries, Inc. * | 3,308 | 140,094 | ||||||
AK Steel Holding Corp. * | 115,805 | 1,264,591 | ||||||
Allegheny Technologies, Inc. | 89,291 | 3,765,401 | ||||||
Allied Nevada Gold Corp. *(a) | 60,279 | 230,266 | ||||||
American Vanguard Corp. | 21,923 | 294,645 | ||||||
AptarGroup, Inc. | 54,533 | 3,498,292 | ||||||
Axiall Corp. | 57,505 | 2,391,058 | ||||||
Balchem Corp. | 24,490 | 1,259,766 | ||||||
Berry Plastics Group, Inc. * | 96,397 | 2,324,132 | ||||||
Boise Cascade Co. * | 27,023 | 812,311 | ||||||
Cabot Corp. | 49,314 | 2,701,421 | ||||||
Calgon Carbon Corp. * | 42,591 | 904,633 | ||||||
Carpenter Technology Corp. | 43,665 | 2,389,785 | ||||||
Century Aluminum Co. * | 44,120 | 1,102,118 | ||||||
Chemtura Corp. * | 79,011 | 1,950,782 | ||||||
Clearwater Paper Corp. * | 16,786 | 1,161,591 | ||||||
Cliffs Natural Resources, Inc. (a) | 124,999 | 1,883,735 | ||||||
Coeur Mining, Inc. * | 77,095 | 610,592 | ||||||
Commercial Metals Co. | 95,122 | 1,643,708 | ||||||
Compass Minerals International, Inc. | 27,795 | 2,475,701 | ||||||
Cytec Industries, Inc. | 29,264 | 3,015,363 | ||||||
Deltic Timber Corp. | 9,775 | 647,496 | ||||||
Domtar Corp. | 53,252 | 1,985,767 | ||||||
Eagle Materials, Inc. | 41,787 | 4,258,513 | ||||||
Ferro Corp. * | 73,634 | 992,586 | ||||||
Flotek Industries, Inc. * | 38,172 | 1,061,182 | ||||||
FutureFuel Corp. | 19,469 | 271,008 | ||||||
Globe Specialty Metals, Inc. | 50,321 | 1,033,593 | ||||||
Gold Resource Corp. (a) | 8,230 | 51,026 | ||||||
Graphic Packaging Holding Co. * | 266,960 | 3,414,418 | ||||||
Greif, Inc., Class A | 24,681 | 1,181,973 | ||||||
H.B. Fuller Co. | 41,199 | 1,938,001 | ||||||
Hawkins, Inc. | 8,564 | 315,155 | ||||||
Haynes International, Inc. | 9,347 | 463,424 | ||||||
Headwaters, Inc. * | 55,427 | 719,997 | ||||||
Hecla Mining Co. | 293,799 | 960,723 | ||||||
Horsehead Holding Corp. * | 39,465 | 796,798 |
See financial notes 53
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Innophos Holdings, Inc. | 18,782 | 1,092,173 | ||||||
Innospec, Inc. | 20,302 | 856,338 | ||||||
Intrepid Potash, Inc. *(a) | 46,922 | 719,314 | ||||||
Kaiser Aluminum Corp. | 14,887 | 1,199,148 | ||||||
KapStone Paper & Packaging Corp. * | 66,243 | 2,036,310 | ||||||
Koppers Holdings, Inc. | 17,578 | 652,320 | ||||||
Kraton Performance Polymers, Inc. * | 27,496 | 558,994 | ||||||
Kronos Worldwide, Inc. | 17,479 | 276,343 | ||||||
Landec Corp. * | 20,406 | 267,931 | ||||||
Louisiana-Pacific Corp. * | 115,578 | 1,649,298 | ||||||
LSB Industries, Inc. * | 16,813 | 673,361 | ||||||
Materion Corp. | 17,128 | 558,887 | ||||||
McEwen Mining, Inc. * | 153,737 | 425,851 | ||||||
Mercer International, Inc. * | 29,697 | 298,158 | ||||||
Minerals Technologies, Inc. | 27,995 | 1,753,047 | ||||||
Molycorp, Inc. *(a) | 120,677 | 216,012 | ||||||
Myers Industries, Inc. | 22,891 | 451,182 | ||||||
Neenah Paper, Inc. | 13,733 | 750,783 | ||||||
NewMarket Corp. | 9,139 | 3,718,568 | ||||||
Olin Corp. | 64,909 | 1,771,367 | ||||||
OM Group, Inc. | 28,373 | 754,722 | ||||||
OMNOVA Solutions, Inc. * | 30,597 | 256,709 | ||||||
P.H. Glatfelter Co. | 37,464 | 933,978 | ||||||
Platform Specialty Products Corp. * | 71,433 | 1,950,835 | ||||||
PolyOne Corp. | 78,711 | 3,087,045 | ||||||
Quaker Chemical Corp. | 11,045 | 861,510 | ||||||
Rentech, Inc. * | 141,161 | 316,201 | ||||||
Resolute Forest Products, Inc. * | 76,131 | 1,308,692 | ||||||
RTI International Metals, Inc. * | 26,719 | 775,118 | ||||||
Schnitzer Steel Industries, Inc., Class A | 24,450 | 677,020 | ||||||
Schweitzer-Mauduit International, Inc. | 25,080 | 1,074,427 | ||||||
Sensient Technologies Corp. | 40,671 | 2,282,050 | ||||||
Silgan Holdings, Inc. | 35,557 | 1,790,295 | ||||||
Sonoco Products Co. | 83,928 | 3,454,476 | ||||||
Steel Dynamics, Inc. | 196,860 | 4,575,026 | ||||||
Stepan Co. | 16,473 | 795,481 | ||||||
Stillwater Mining Co. * | 98,526 | 1,828,643 | ||||||
SunCoke Energy, Inc. * | 56,424 | 1,354,740 | ||||||
Taminco Corp. * | 22,613 | 541,581 | ||||||
The Scotts Miracle-Gro Co., Class A | 36,544 | 2,109,685 | ||||||
Tredegar Corp. | 21,221 | 441,609 | ||||||
Tronox Ltd., Class A | 52,870 | 1,605,133 | ||||||
United States Lime & Minerals, Inc. | 1,430 | 89,118 | ||||||
United States Steel Corp. | 119,013 | 4,599,852 | ||||||
US Silica Holdings, Inc. | 45,251 | 3,249,474 | ||||||
Walter Energy, Inc. (a) | 38,443 | 214,896 | ||||||
Wausau Paper Corp. | 40,741 | 371,558 | ||||||
Worthington Industries, Inc. | 42,804 | 1,730,994 | ||||||
Zep, Inc. | 16,522 | 262,369 | ||||||
120,628,508 | ||||||||
Media 1.6% | ||||||||
AMC Entertainment Holdings, Inc., Class A | 15,381 | 364,068 | ||||||
Carmike Cinemas, Inc. * | 19,792 | 670,355 | ||||||
CBS Outdoor Americas, Inc. REIT | 98,846 | 3,397,337 | ||||||
Central European Media Enterprises Ltd., Class A * | 36,534 | 90,604 | ||||||
Cinemark Holdings, Inc. | 85,626 | 3,021,742 | ||||||
Clear Channel Outdoor Holdings, Inc., Class A | 32,600 | 226,244 | ||||||
Crown Media Holdings, Inc., Class A * | 18,863 | 65,077 | ||||||
Cumulus Media, Inc., Class A * | 69,974 | 321,181 | ||||||
DreamWorks Animation SKG, Inc., Class A * | 59,971 | 1,309,467 | ||||||
Entercom Communications Corp., Class A * | 13,682 | 124,917 | ||||||
Gray Television, Inc. * | 36,504 | 362,485 | ||||||
Harte-Hanks, Inc. | 22,848 | 160,165 | ||||||
Hemisphere Media Group, Inc. * | 10,399 | 119,485 | ||||||
John Wiley & Sons, Inc., Class A | 39,193 | 2,349,620 | ||||||
Journal Communications, Inc., Class A * | 26,198 | 259,884 | ||||||
Live Nation Entertainment, Inc. * | 117,316 | 2,576,259 | ||||||
Loral Space & Communications, Inc. * | 11,232 | 841,501 | ||||||
Meredith Corp. | 30,172 | 1,405,412 | ||||||
Morningstar, Inc. | 16,929 | 1,162,684 | ||||||
National CineMedia, Inc. | 50,680 | 739,928 | ||||||
New Media Investment Group, Inc. | 21,173 | 369,892 | ||||||
Nexstar Broadcasting Group, Inc., Class A | 24,101 | 1,099,970 | ||||||
ReachLocal, Inc. *(a) | 9,427 | 49,586 | ||||||
Regal Entertainment Group, Class A | 65,189 | 1,372,228 | ||||||
Rentrak Corp. * | 10,218 | 521,731 | ||||||
Saga Communications, Inc., Class A | 4,135 | 157,254 | ||||||
Scholastic Corp. | 22,706 | 795,618 | ||||||
SFX Entertainment, Inc. *(a) | 17,883 | 126,433 | ||||||
Sinclair Broadcast Group, Inc., Class A (a) | 60,149 | 1,747,328 | ||||||
Sizmek, Inc. * | 18,251 | 160,609 | ||||||
Starz, Class A * | 75,662 | 2,367,464 | ||||||
The E.W. Scripps Co., Class A * | 27,976 | 530,425 | ||||||
The McClatchy Co., Class A * | 32,997 | 148,816 | ||||||
The New York Times Co., Class A | 108,251 | 1,340,147 | ||||||
Time, Inc. * | 92,158 | 2,163,870 | ||||||
World Wrestling Entertainment, Inc., Class A (a) | 22,864 | 332,443 | ||||||
32,852,229 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 6.6% | ||||||||
ACADIA Pharmaceuticals, Inc. * | 70,413 | 1,688,504 | ||||||
Acceleron Pharma, Inc. * | 5,005 | 134,484 | ||||||
Achillion Pharmaceuticals, Inc. * | 77,586 | 897,670 | ||||||
Acorda Therapeutics, Inc. * | 35,115 | 1,144,047 | ||||||
Aegerion Pharmaceuticals, Inc. *(a) | 20,995 | 641,397 | ||||||
Affymetrix, Inc. * | 58,724 | 509,137 | ||||||
Agios Pharmaceuticals, Inc. *(a) | 5,264 | 243,302 | ||||||
Akebia Therapeutics, Inc. *(a) | 5,179 | 116,579 | ||||||
Akorn, Inc. * | 59,010 | 2,302,570 | ||||||
Alkermes plc * | 120,136 | 5,373,683 |
54 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Alnylam Pharmaceuticals, Inc. * | 52,219 | 3,638,098 | ||||||
AMAG Pharmaceuticals, Inc. * | 19,513 | 441,579 | ||||||
Arena Pharmaceuticals, Inc. *(a) | 176,534 | 727,320 | ||||||
ARIAD Pharmaceuticals, Inc. *(a) | 159,979 | 995,069 | ||||||
Array BioPharma, Inc. * | 92,314 | 364,640 | ||||||
Auspex Pharmaceuticals, Inc. * | 5,993 | 137,779 | ||||||
Auxilium Pharmaceuticals, Inc. *(a) | 37,167 | 691,306 | ||||||
AVANIR Pharmaceuticals, Inc. * | 142,437 | 885,958 | ||||||
Bio-Rad Laboratories, Inc., Class A * | 16,779 | 2,017,843 | ||||||
Bluebird Bio, Inc. * | 15,121 | 604,991 | ||||||
Bruker Corp. * | 89,259 | 1,790,536 | ||||||
Cambrex Corp. * | 28,173 | 617,552 | ||||||
Cara Therapeutics, Inc. * | 4,694 | 47,973 | ||||||
Celldex Therapeutics, Inc. * | 75,263 | 1,197,434 | ||||||
Cepheid, Inc. * | 58,821 | 2,354,605 | ||||||
Charles River Laboratories International, Inc. * | 40,395 | 2,387,344 | ||||||
ChemoCentryx, Inc. *(a) | 16,570 | 84,673 | ||||||
Chimerix, Inc. * | 25,476 | 650,657 | ||||||
Clovis Oncology, Inc. * | 23,837 | 1,133,688 | ||||||
Cubist Pharmaceuticals, Inc. * | 61,429 | 4,240,444 | ||||||
Curis, Inc. *(a) | 12,327 | 21,572 | ||||||
Dendreon Corp. *(a) | 79,975 | 108,766 | ||||||
Depomed, Inc. * | 49,952 | 766,763 | ||||||
Dicerna Pharmaceuticals, Inc. * | 5,405 | 74,481 | ||||||
Dyax Corp. * | 106,367 | 1,086,007 | ||||||
Emergent Biosolutions, Inc. * | 25,185 | 627,106 | ||||||
Enanta Pharmaceuticals, Inc. *(a) | 2,487 | 104,355 | ||||||
Endocyte, Inc. *(a) | 26,698 | 196,497 | ||||||
Epizyme, Inc. * | 8,976 | 309,582 | ||||||
Exact Sciences Corp. *(a) | 65,436 | 1,364,341 | ||||||
Exelixis, Inc. *(a) | 146,343 | 605,860 | ||||||
Fluidigm Corp. * | 21,990 | 598,568 | ||||||
Foundation Medicine, Inc. *(a) | 5,232 | 121,749 | ||||||
Genomic Health, Inc. *(a) | 15,143 | 450,050 | ||||||
Halozyme Therapeutics, Inc. * | 84,782 | 805,429 | ||||||
Hyperion Therapeutics, Inc. * | 5,691 | 147,169 | ||||||
ImmunoGen, Inc. *(a) | 75,322 | 890,306 | ||||||
Impax Laboratories, Inc. * | 53,718 | 1,323,612 | ||||||
Infinity Pharmaceuticals, Inc. * | 38,121 | 430,767 | ||||||
Intercept Pharmaceuticals, Inc. * | 9,960 | 2,885,611 | ||||||
InterMune, Inc. * | 86,551 | 6,357,171 | ||||||
Intra-Cellular Therapies, Inc. *(a) | 18,876 | 268,417 | ||||||
Intrexon Corp. *(a) | 9,428 | 191,200 | ||||||
Ironwood Pharmaceuticals, Inc. * | 100,735 | 1,303,511 | ||||||
Isis Pharmaceuticals, Inc. * | 98,511 | 4,015,308 | ||||||
Jazz Pharmaceuticals plc * | 44,330 | 7,222,244 | ||||||
Karyopharm Therapeutics, Inc. *(a) | 8,866 | 319,176 | ||||||
Keryx Biopharmaceuticals, Inc. *(a) | 76,729 | 1,395,701 | ||||||
Kindred Biosciences, Inc. *(a) | 6,892 | 75,192 | ||||||
KYTHERA Biopharmaceuticals, Inc. * | 10,686 | 401,900 | ||||||
Lexicon Pharmaceuticals, Inc. * | 137,005 | 208,248 | ||||||
Ligand Pharmaceuticals, Inc., Class B * | 16,707 | 869,432 | ||||||
Luminex Corp. * | 31,894 | 601,202 | ||||||
MacroGenics, Inc. * | 7,131 | 152,318 | ||||||
Mallinckrodt plc * | 90,092 | 7,341,604 | ||||||
MannKind Corp. *(a) | 183,129 | 1,349,661 | ||||||
Merrimack Pharmaceuticals, Inc. *(a) | 76,761 | 535,792 | ||||||
MiMedx Group, Inc. *(a) | 71,524 | 503,529 | ||||||
Momenta Pharmaceuticals, Inc. * | 43,549 | 513,443 | ||||||
Myriad Genetics, Inc. *(a) | 61,097 | 2,211,100 | ||||||
Navidea Biopharmaceuticals, Inc. *(a) | 91,290 | 130,545 | ||||||
Nektar Therapeutics * | 107,327 | 1,530,483 | ||||||
Neurocrine Biosciences, Inc. * | 54,912 | 895,615 | ||||||
NewLink Genetics Corp. *(a) | 14,353 | 396,286 | ||||||
Novavax, Inc. * | 194,276 | 911,154 | ||||||
NPS Pharmaceuticals, Inc. * | 80,084 | 2,416,935 | ||||||
OncoMed Pharmaceuticals, Inc. *(a) | 4,320 | 87,653 | ||||||
Ophthotech Corp. * | 8,774 | 341,835 | ||||||
OPKO Health, Inc. *(a) | 186,937 | 1,663,739 | ||||||
Orexigen Therapeutics, Inc. *(a) | 96,394 | 549,446 | ||||||
Organovo Holdings, Inc. *(a) | 46,230 | 359,669 | ||||||
Osiris Therapeutics, Inc. *(a) | 14,987 | 214,164 | ||||||
Pacira Pharmaceuticals, Inc. * | 29,835 | 3,229,937 | ||||||
PAREXEL International Corp. * | 46,978 | 2,651,438 | ||||||
PDL BioPharma, Inc. (a) | 134,013 | 1,352,191 | ||||||
Phibro Animal Health Corp., Class A | 10,564 | 202,195 | ||||||
Portola Pharmaceuticals, Inc. * | 7,534 | 210,123 | ||||||
Prestige Brands Holdings, Inc. * | 44,174 | 1,528,862 | ||||||
PTC Therapeutics, Inc. *(a) | 15,086 | 477,623 | ||||||
Puma Biotechnology, Inc. * | 16,544 | 4,309,877 | ||||||
Raptor Pharmaceutical Corp. *(a) | 50,861 | 560,488 | ||||||
Receptos, Inc. * | 15,998 | 818,298 | ||||||
Relypsa, Inc. * | 5,838 | 147,585 | ||||||
Retrophin, Inc. * | 4,694 | 64,214 | ||||||
Revance Therapeutics, Inc. * | 5,194 | 121,280 | ||||||
Rigel Pharmaceuticals, Inc. * | 73,894 | 192,124 | ||||||
Sagent Pharmaceuticals, Inc. * | 18,258 | 507,938 | ||||||
Salix Pharmaceuticals Ltd. * | 52,377 | 8,333,704 | ||||||
Sangamo BioSciences, Inc. * | 52,952 | 757,214 | ||||||
Sarepta Therapeutics, Inc. *(a) | 30,805 | 706,359 | ||||||
SciClone Pharmaceuticals, Inc. * | 38,885 | 266,751 | ||||||
Sequenom, Inc. *(a) | 99,439 | 368,919 | ||||||
Spectrum Pharmaceuticals, Inc. *(a) | 41,788 | 338,901 | ||||||
Sunesis Pharmaceuticals, Inc. * | 37,659 | 282,066 | ||||||
Synageva BioPharma Corp. * | 16,350 | 1,179,979 | ||||||
Synergy Pharmaceuticals, Inc. *(a) | 51,624 | 201,334 | ||||||
Synta Pharmaceuticals Corp. *(a) | 55,615 | 222,460 | ||||||
Techne Corp. | 27,652 | 2,641,319 | ||||||
TESARO, Inc. * | 16,461 | 486,587 | ||||||
The Medicines Co. * | 54,578 | 1,397,743 | ||||||
TherapeuticsMD, Inc. *(a) | 78,347 | 434,826 | ||||||
Theravance Biopharma, Inc. *(a) | 18,894 | 554,822 | ||||||
Theravance, Inc. (a) | 66,139 | 1,558,235 | ||||||
Threshold Pharmaceuticals, Inc. * | 37,831 | 157,377 | ||||||
Ultragenyx Pharmaceutical, Inc. * | 17,875 | 953,810 | ||||||
United Therapeutics Corp. * | 36,297 | 4,276,876 | ||||||
Versartis, Inc. *(a) | 5,186 | 119,278 | ||||||
VIVUS, Inc. *(a) | 87,288 | 374,466 | ||||||
XOMA Corp. * | 48,427 | 212,110 | ||||||
ZIOPHARM Oncology, Inc. *(a) | 89,032 | 287,573 | ||||||
138,800,008 | ||||||||
Real Estate 10.3% | ||||||||
Acadia Realty Trust | 49,157 | 1,416,705 |
See financial notes 55
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
AG Mortgage Investment Trust, Inc. | 24,865 | 496,554 | ||||||
Agree Realty Corp. | 10,526 | 310,833 | ||||||
Alexander & Baldwin, Inc. | 35,635 | 1,457,472 | ||||||
Alexander’s, Inc. | 1,719 | 681,566 | ||||||
Altisource Portfolio Solutions S.A. *(a) | 14,167 | 1,415,708 | ||||||
Altisource Residential Corp. | 46,809 | 1,148,693 | ||||||
American Assets Trust, Inc. | 30,654 | 1,074,423 | ||||||
American Capital Mortgage Investment Corp. | 44,886 | 923,754 | ||||||
American Homes 4 Rent, Class A | 104,874 | 1,875,147 | ||||||
American Realty Capital Properties, Inc. | 741,721 | 9,761,048 | ||||||
American Residential Properties, Inc. * | 9,810 | 186,194 | ||||||
AmREIT, Inc., Class B | 15,462 | 360,265 | ||||||
Anworth Mortgage Asset Corp. | 102,351 | 531,202 | ||||||
Apollo Commercial Real Estate Finance, Inc. | 37,371 | 628,580 | ||||||
Apollo Residential Mortgage, Inc. | 25,530 | 430,181 | ||||||
ARMOUR Residential REIT, Inc. | 293,712 | 1,242,402 | ||||||
Ashford Hospitality Prime, Inc. | 18,465 | 298,948 | ||||||
Ashford Hospitality Trust, Inc. | 61,345 | 710,989 | ||||||
Associated Estates Realty Corp. | 49,098 | 908,313 | ||||||
Aviv REIT, Inc. | 17,179 | 502,658 | ||||||
BioMed Realty Trust, Inc. | 157,894 | 3,544,720 | ||||||
Blackstone Mortgage Trust, Inc., Class A | 40,095 | 1,164,760 | ||||||
Brandywine Realty Trust | 144,016 | 2,307,136 | ||||||
Campus Crest Communities, Inc. | 54,454 | 447,612 | ||||||
Capstead Mortgage Corp. | 82,883 | 1,095,713 | ||||||
CareTrust REIT, Inc. * | 15,984 | 279,241 | ||||||
CBL & Associates Properties, Inc. | 140,526 | 2,669,994 | ||||||
Cedar Realty Trust, Inc. | 45,953 | 297,316 | ||||||
Chambers Street Properties | 191,939 | 1,495,205 | ||||||
Chesapeake Lodging Trust | 42,620 | 1,313,122 | ||||||
Chimera Investment Corp. | 838,714 | 2,776,143 | ||||||
Colony Financial, Inc. | 88,215 | 1,977,780 | ||||||
Columbia Property Trust, Inc. | 102,009 | 2,618,571 | ||||||
CoreSite Realty Corp. | 19,514 | 684,356 | ||||||
Corporate Office Properties Trust | 72,051 | 2,044,807 | ||||||
Cousins Properties, Inc. | 165,552 | 2,100,855 | ||||||
CubeSmart | 109,705 | 2,040,513 | ||||||
CyrusOne, Inc. | 29,946 | 779,794 | ||||||
CYS Investments, Inc. | 128,777 | 1,214,367 | ||||||
DCT Industrial Trust, Inc. | 273,849 | 2,177,100 | ||||||
DiamondRock Hospitality Co. | 164,534 | 2,191,593 | ||||||
Douglas Emmett, Inc. | 107,534 | 3,072,246 | ||||||
DuPont Fabros Technology, Inc. | 52,832 | 1,487,749 | ||||||
Dynex Capital, Inc. | 31,959 | 279,641 | ||||||
EastGroup Properties, Inc. | 26,569 | 1,722,734 | ||||||
Education Realty Trust, Inc. | 112,035 | 1,220,061 | ||||||
Empire State Realty Trust, Inc., Class A | 61,671 | 1,013,871 | ||||||
EPR Properties | 44,049 | 2,506,829 | ||||||
Equity Commonwealth | 98,816 | 2,656,174 | ||||||
Equity Lifestyle Properties, Inc. | 65,105 | 2,974,647 | ||||||
Equity One, Inc. | 55,169 | 1,301,988 | ||||||
Excel Trust, Inc. | 45,078 | 583,309 | ||||||
FelCor Lodging Trust, Inc. | 93,911 | 971,040 | ||||||
First Industrial Realty Trust, Inc. | 86,221 | 1,569,222 | ||||||
First Potomac Realty Trust | 48,259 | 638,949 | ||||||
Forest City Enterprises, Inc., Class A * | 129,446 | 2,692,477 | ||||||
Forestar Group, Inc. * | 29,885 | 597,700 | ||||||
Franklin Street Properties Corp. | 74,551 | 905,795 | ||||||
Gaming & Leisure Properties, Inc. | 74,040 | 2,465,532 | ||||||
Getty Realty Corp. | 22,066 | 413,958 | ||||||
Glimcher Realty Trust | 116,922 | 1,313,034 | ||||||
Government Properties Income Trust | 56,120 | 1,348,002 | ||||||
Hatteras Financial Corp. | 81,898 | 1,629,770 | ||||||
Healthcare Realty Trust, Inc. | 78,716 | 1,964,751 | ||||||
Healthcare Trust of America, Inc., Class A | 147,219 | 1,832,877 | ||||||
Hersha Hospitality Trust | 160,093 | 1,087,032 | ||||||
Highwoods Properties, Inc. | 74,124 | 3,153,976 | ||||||
Home Properties, Inc. | 48,025 | 3,084,166 | ||||||
Hospitality Properties Trust | 123,153 | 3,624,393 | ||||||
Hudson Pacific Properties, Inc. | 46,464 | 1,247,558 | ||||||
Inland Real Estate Corp. | 64,318 | 669,550 | ||||||
Invesco Mortgage Capital, Inc. | 101,233 | 1,783,725 | ||||||
Investors Real Estate Trust | 89,855 | 766,463 | ||||||
iStar Financial, Inc. * | 63,767 | 948,853 | ||||||
Kennedy-Wilson Holdings, Inc. | 57,506 | 1,502,057 | ||||||
Kite Realty Group Trust | 67,020 | 1,723,754 | ||||||
LaSalle Hotel Properties | 84,721 | 3,096,553 | ||||||
Lexington Realty Trust | 169,222 | 1,841,135 | ||||||
LTC Properties, Inc. | 27,973 | 1,145,494 | ||||||
Mack-Cali Realty Corp. | 75,751 | 1,601,376 | ||||||
Medical Properties Trust, Inc. | 144,625 | 2,037,766 | ||||||
MFA Financial, Inc. | 301,205 | 2,542,170 | ||||||
Mid-America Apartment Communities, Inc. | 61,611 | 4,455,708 | ||||||
Monmouth Real Estate Investment Corp., Class A | 35,620 | 385,408 | ||||||
National Health Investors, Inc. | 24,312 | 1,568,367 | ||||||
New Residential Investment Corp. | 233,747 | 1,465,594 | ||||||
New York Mortgage Trust, Inc. | 74,566 | 595,037 | ||||||
New York REIT, Inc. (a) | 133,950 | 1,381,025 | ||||||
Newcastle Investment Corp. | 93,877 | 1,272,038 | ||||||
NorthStar Realty Finance Corp. | 156,728 | 2,901,035 | ||||||
Omega Healthcare Investors, Inc. | 104,669 | 3,942,881 | ||||||
One Liberty Properties, Inc. | 10,218 | 221,424 | ||||||
Parkway Properties, Inc. | 58,258 | 1,208,854 | ||||||
Pebblebrook Hotel Trust | 53,088 | 2,056,629 | ||||||
Pennsylvania Real Estate Investment Trust | 57,177 | 1,152,688 | ||||||
PennyMac Mortgage Investment Trust | 61,606 | 1,371,350 | ||||||
Piedmont Office Realty Trust, Inc., Class A | 125,326 | 2,442,604 | ||||||
Post Properties, Inc. | 45,504 | 2,503,630 | ||||||
Potlatch Corp. | 34,833 | 1,486,672 | ||||||
PS Business Parks, Inc. | 16,330 | 1,331,548 | ||||||
QTS Realty Trust, Inc., Class A | 9,961 | 300,324 | ||||||
RAIT Financial Trust | 56,962 | 460,823 | ||||||
Ramco-Gershenson Properties Trust | 62,869 | 1,066,258 | ||||||
Redwood Trust, Inc. | 67,850 | 1,314,255 | ||||||
Resource Capital Corp. | 107,786 | 580,967 | ||||||
Retail Opportunity Investments Corp. | 70,634 | 1,118,843 |
56 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Retail Properties of America, Inc., Class A | 157,344 | 2,489,182 | ||||||
Rexford Industrial Realty, Inc. | 10,866 | 160,165 | ||||||
RLJ Lodging Trust | 106,047 | 3,161,261 | ||||||
Rouse Properties, Inc. (a) | 29,137 | 509,315 | ||||||
Ryman Hospitality Properties, Inc. (a) | 41,220 | 2,050,695 | ||||||
Sabra Health Care REIT, Inc. | 39,313 | 1,119,634 | ||||||
Saul Centers, Inc. | 10,417 | 519,287 | ||||||
Select Income REIT | 28,052 | 782,651 | ||||||
Silver Bay Realty Trust Corp. | 32,202 | 536,807 | ||||||
Sovran Self Storage, Inc. | 27,546 | 2,128,479 | ||||||
Spirit Realty Capital, Inc. | 308,230 | 3,640,196 | ||||||
STAG Industrial, Inc. | 42,242 | 989,730 | ||||||
Starwood Property Trust, Inc. | 181,311 | 4,324,267 | ||||||
Starwood Waypoint Residential Trust * | 33,366 | 923,571 | ||||||
Strategic Hotels & Resorts, Inc. * | 198,916 | 2,363,122 | ||||||
Summit Hotel Properties, Inc. | 69,965 | 766,117 | ||||||
Sun Communities, Inc. | 31,163 | 1,671,272 | ||||||
Sunstone Hotel Investors, Inc. | 165,980 | 2,418,329 | ||||||
Tanger Factory Outlet Centers, Inc. | 78,554 | 2,742,320 | ||||||
Tejon Ranch Co. * | 11,916 | 335,078 | ||||||
The Geo Group, Inc. | 60,472 | 2,262,862 | ||||||
The Howard Hughes Corp. * | 25,716 | 4,072,643 | ||||||
The St. Joe Co. *(a) | 75,905 | 1,644,102 | ||||||
Two Harbors Investment Corp. | 304,826 | 3,267,735 | ||||||
Universal Health Realty Income Trust | 11,401 | 503,582 | ||||||
Urstadt Biddle Properties, Inc., Class A | 23,178 | 494,155 | ||||||
Washington Prime Group, Inc. | 127,132 | 2,481,617 | ||||||
Washington REIT | 54,956 | 1,526,678 | ||||||
Western Asset Mortgage Capital Corp. | 27,192 | 413,318 | ||||||
Whitestone REIT | 18,836 | 286,307 | ||||||
217,769,149 | ||||||||
Retailing 4.0% | ||||||||
1-800-Flowers.com, Inc., Class A * | 15,923 | 82,003 | ||||||
Aaron’s, Inc. | 61,042 | 1,563,896 | ||||||
Aeropostale, Inc. *(a) | 37,855 | 158,612 | ||||||
America’s Car-Mart, Inc. * | 5,620 | 238,063 | ||||||
American Eagle Outfitters, Inc. | 137,718 | 1,939,069 | ||||||
ANN, Inc. * | 39,565 | 1,639,574 | ||||||
Asbury Automotive Group, Inc. * | 24,245 | 1,689,392 | ||||||
Ascena Retail Group, Inc. * | 109,975 | 1,912,465 | ||||||
Barnes & Noble, Inc. * | 31,344 | 747,868 | ||||||
bebe stores, Inc. | 28,387 | 93,677 | ||||||
Big 5 Sporting Goods Corp. | 13,693 | 139,669 | ||||||
Big Lots, Inc. | 46,083 | 2,135,947 | ||||||
Blue Nile, Inc. * | 11,081 | 314,700 | ||||||
Brown Shoe Co., Inc. | 34,256 | 1,022,199 | ||||||
Burlington Stores, Inc. * | 23,498 | 838,174 | ||||||
Cabela’s, Inc. * | 39,055 | 2,383,136 | ||||||
Chico’s FAS, Inc. | 126,019 | 1,991,100 | ||||||
Conn’s, Inc. *(a) | 21,303 | 955,013 | ||||||
Core-Mark Holding Co., Inc. | 18,423 | 887,252 | ||||||
Coupons.com, Inc. *(a) | 8,130 | 124,226 | ||||||
CST Brands, Inc. | 61,772 | 2,152,136 | ||||||
Destination Maternity Corp. | 11,045 | 213,500 | ||||||
DSW, Inc., Class A | 60,764 | 1,880,038 | ||||||
Express, Inc. * | 71,608 | 1,241,683 | ||||||
Five Below, Inc. * | 40,630 | 1,647,953 | ||||||
Francesca’s Holdings Corp. * | 31,045 | 434,630 | ||||||
Fred’s, Inc., Class A | 28,200 | 401,286 | ||||||
FTD Cos., Inc. * | 15,600 | 516,672 | ||||||
Genesco, Inc. * | 19,766 | 1,567,444 | ||||||
GNC Holdings, Inc., Class A | 79,378 | 3,012,395 | ||||||
Gordmans Stores, Inc. | 5,184 | 18,351 | ||||||
Group 1 Automotive, Inc. | 16,969 | 1,360,235 | ||||||
Guess?, Inc. | 51,285 | 1,202,120 | ||||||
Haverty Furniture Cos., Inc. | 18,044 | 419,884 | ||||||
hhgregg, Inc. * | 6,721 | 48,055 | ||||||
Hibbett Sports, Inc. * | 21,253 | 965,524 | ||||||
HomeAway, Inc. * | 53,180 | 1,765,576 | ||||||
HSN, Inc. | 27,025 | 1,637,445 | ||||||
J.C. Penney Co., Inc. *(a) | 253,649 | 2,739,409 | ||||||
Lands’ End, Inc. * | 9,143 | 315,251 | ||||||
Liberty TripAdvisor Holdings, Inc., Class A * | 60,385 | 2,159,971 | ||||||
Liberty Ventures, Series A * | 60,385 | 2,300,065 | ||||||
Lithia Motors, Inc., Class A | 18,859 | 1,648,654 | ||||||
Lumber Liquidators Holdings, Inc. * | 21,205 | 1,213,350 | ||||||
MarineMax, Inc. * | 19,798 | 341,713 | ||||||
Mattress Firm Holding Corp. *(a) | 12,809 | 733,828 | ||||||
Monro Muffler Brake, Inc. | 24,611 | 1,273,619 | ||||||
Murphy USA, Inc. * | 36,234 | 1,973,666 | ||||||
New York & Co., Inc. * | 25,877 | 87,982 | ||||||
Nutrisystem, Inc. | 25,199 | 411,248 | ||||||
Office Depot, Inc. * | 407,230 | 2,085,018 | ||||||
Orbitz Worldwide, Inc. * | 36,739 | 301,260 | ||||||
Outerwall, Inc. *(a) | 16,991 | 1,001,280 | ||||||
Overstock.com, Inc. * | 12,681 | 224,073 | ||||||
Penske Automotive Group, Inc. | 34,740 | 1,666,478 | ||||||
PetMed Express, Inc. (a) | 16,017 | 225,519 | ||||||
Pier 1 Imports, Inc. | 73,061 | 1,151,441 | ||||||
Pool Corp. | 36,924 | 2,092,114 | ||||||
RadioShack Corp. *(a) | 60,746 | 97,194 | ||||||
Rent-A-Center, Inc. | 42,473 | 1,183,298 | ||||||
Restoration Hardware Holdings, Inc. *(a) | 23,451 | 1,966,835 | ||||||
RetailMeNot, Inc. * | 8,140 | 151,811 | ||||||
Sears Hometown & Outlet Stores, Inc. * | 10,209 | 195,809 | ||||||
Select Comfort Corp. * | 48,429 | 1,083,357 | ||||||
Shoe Carnival, Inc. | 12,838 | 276,402 | ||||||
Shutterfly, Inc. * | 32,585 | 1,662,161 | ||||||
Sonic Automotive, Inc., Class A | 29,170 | 720,499 | ||||||
Sportsman’s Warehouse Holdings, Inc. *(a) | 10,224 | 61,446 | ||||||
Stage Stores, Inc. | 27,346 | 477,735 | ||||||
Stein Mart, Inc. | 22,911 | 285,242 | ||||||
Systemax, Inc. * | 7,538 | 109,904 | ||||||
The Bon-Ton Stores, Inc. (a) | 9,391 | 99,169 | ||||||
The Buckle, Inc. (a) | 22,721 | 1,117,419 | ||||||
The Cato Corp., Class A | 20,954 | 726,475 | ||||||
The Children’s Place, Inc. | 19,510 | 1,048,858 | ||||||
The Container Store Group, Inc. * | 9,537 | 201,612 | ||||||
The Finish Line, Inc., Class A | 39,681 | 1,175,748 | ||||||
The Men’s Wearhouse, Inc. | 37,552 | 2,028,934 |
See financial notes 57
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
The Pep Boys-Manny, Moe & Jack * | 44,957 | 499,922 | ||||||
The Wet Seal, Inc., Class A *(a) | 67,789 | 69,145 | ||||||
Tile Shop Holdings, Inc. *(a) | 16,103 | 185,990 | ||||||
Tilly’s, Inc., Class A * | 7,032 | 57,311 | ||||||
Tuesday Morning Corp. * | 31,825 | 559,483 | ||||||
Vitamin Shoppe, Inc. * | 26,519 | 1,039,280 | ||||||
VOXX International Corp. * | 4,354 | 43,105 | ||||||
West Marine, Inc. * | 10,418 | 114,285 | ||||||
Weyco Group, Inc. | 4,168 | 112,411 | ||||||
Winmark Corp. | 1,654 | 119,419 | ||||||
zulily, Inc., Class A *(a) | 8,386 | 275,061 | ||||||
Zumiez, Inc. * | 19,153 | 619,599 | ||||||
83,651,820 | ||||||||
Semiconductors & Semiconductor Equipment 3.5% | ||||||||
Advanced Energy Industries, Inc. * | 32,435 | 624,374 | ||||||
Advanced Micro Devices, Inc. *(a) | 539,896 | 2,251,366 | ||||||
Amkor Technology, Inc. * | 101,506 | 1,055,662 | ||||||
Applied Micro Circuits Corp. *(a) | 63,067 | 534,177 | ||||||
Atmel Corp. * | 346,226 | 3,067,562 | ||||||
Brooks Automation, Inc. | 56,690 | 642,865 | ||||||
Cabot Microelectronics Corp. * | 20,136 | 863,834 | ||||||
Cavium, Inc. * | 43,120 | 2,422,482 | ||||||
CEVA, Inc. * | 18,761 | 284,417 | ||||||
Cirrus Logic, Inc. * | 50,912 | 1,231,052 | ||||||
Cohu, Inc. | 18,274 | 224,770 | ||||||
Cypress Semiconductor Corp. * | 120,467 | 1,331,160 | ||||||
Diodes, Inc. * | 32,435 | 825,471 | ||||||
Entegris, Inc. * | 114,350 | 1,388,209 | ||||||
Entropic Communications, Inc. * | 78,957 | 207,657 | ||||||
Exar Corp. * | 41,993 | 418,670 | ||||||
Fairchild Semiconductor International, Inc. * | 103,055 | 1,808,615 | ||||||
First Solar, Inc. * | 58,460 | 4,073,493 | ||||||
FormFactor, Inc. * | 46,905 | 330,211 | ||||||
GT Advanced Technologies, Inc. *(a) | 106,813 | 1,902,340 | ||||||
Inphi Corp. * | 17,152 | 258,138 | ||||||
Integrated Device Technology, Inc. * | 110,859 | 1,823,631 | ||||||
Integrated Silicon Solution, Inc. | 25,109 | 372,366 | ||||||
Intermolecular, Inc. *(a) | 14,444 | 32,066 | ||||||
International Rectifier Corp. * | 58,727 | 2,313,844 | ||||||
Intersil Corp., Class A | 105,736 | 1,590,798 | ||||||
IXYS Corp. | 20,552 | 246,418 | ||||||
Kulicke & Soffa Industries, Inc. * | 65,354 | 960,050 | ||||||
Lattice Semiconductor Corp. * | 98,550 | 740,110 | ||||||
M/A-COM Technology Solutions Holdings, Inc. * | 12,023 | 284,705 | ||||||
Micrel, Inc. | 39,218 | 491,402 | ||||||
Microsemi Corp. * | 80,478 | 2,143,934 | ||||||
MKS Instruments, Inc. | 43,403 | 1,473,098 | ||||||
Monolithic Power Systems, Inc. | 29,827 | 1,425,134 | ||||||
Nanometrics, Inc. * | 18,914 | 316,242 | ||||||
OmniVision Technologies, Inc. * | 46,128 | 1,250,530 | ||||||
ON Semiconductor Corp. * | 362,696 | 3,539,913 | ||||||
PDF Solutions, Inc. * | 22,090 | 441,137 | ||||||
Peregrine Semiconductor Corp. * | 24,447 | 304,365 | ||||||
Photronics, Inc. * | 53,667 | 473,880 | ||||||
PMC-Sierra, Inc. * | 160,297 | 1,182,992 | ||||||
Power Integrations, Inc. | 25,692 | 1,535,868 | ||||||
Rambus, Inc. * | 95,158 | 1,180,911 | ||||||
RF Micro Devices, Inc. * | 223,627 | 2,788,629 | ||||||
Rudolph Technologies, Inc. * | 25,319 | 244,835 | ||||||
Semtech Corp. * | 55,016 | 1,433,442 | ||||||
Silicon Image, Inc. * | 62,569 | 316,599 | ||||||
Silicon Laboratories, Inc. * | 32,426 | 1,469,871 | ||||||
Spansion, Inc., Class A * | 41,271 | 920,343 | ||||||
SunEdison, Inc. * | 202,997 | 4,472,024 | ||||||
SunPower Corp. * | 34,488 | 1,318,131 | ||||||
Synaptics, Inc. * | 28,898 | 2,372,526 | ||||||
Teradyne, Inc. | 158,948 | 3,272,739 | ||||||
Tessera Technologies, Inc. | 41,893 | 1,238,776 | ||||||
TriQuint Semiconductor, Inc. * | 135,231 | 2,794,549 | ||||||
Ultratech, Inc. * | 24,865 | 643,009 | ||||||
Veeco Instruments, Inc. * | 32,558 | 1,151,576 | ||||||
74,306,968 | ||||||||
Software & Services 7.6% | ||||||||
A10 Networks, Inc. * | 10,410 | 121,381 | ||||||
ACI Worldwide, Inc. * | 92,035 | 1,791,921 | ||||||
Actuate Corp. * | 26,626 | 118,219 | ||||||
Acxiom Corp. * | 62,959 | 1,167,575 | ||||||
Advent Software, Inc. | 33,158 | 1,071,335 | ||||||
Aerohive Networks, Inc. * | 6,404 | 51,040 | ||||||
Angie’s List, Inc. * | 35,216 | 270,107 | ||||||
AOL, Inc. * | 66,231 | 2,862,504 | ||||||
Aspen Technology, Inc. * | 75,727 | 3,111,622 | ||||||
Bankrate, Inc. * | 46,559 | 653,688 | ||||||
Barracuda Networks, Inc. *(a) | 2,504 | 62,224 | ||||||
Bazaarvoice, Inc. *(a) | 35,179 | 256,807 | ||||||
Benefitfocus, Inc. *(a) | 3,272 | 108,041 | ||||||
Blackbaud, Inc. | 37,776 | 1,469,109 | ||||||
Blackhawk Network Holdings, Inc. *(a) | 8,828 | 243,476 | ||||||
Blackhawk Network Holdings, Inc., Class B * | 31,197 | 856,982 | ||||||
Blucora, Inc. * | 35,560 | 554,025 | ||||||
Booz Allen Hamilton Holding Corp. | 59,118 | 1,311,237 | ||||||
Borderfree, Inc. *(a) | 4,151 | 58,156 | ||||||
Bottomline Technologies (de), Inc. * | 32,505 | 915,341 | ||||||
Broadridge Financial Solutions, Inc. | 99,242 | 4,221,755 | ||||||
BroadSoft, Inc. * | 24,388 | 581,898 | ||||||
CACI International, Inc., Class A * | 19,140 | 1,380,377 | ||||||
Carbonite, Inc. * | 9,631 | 102,666 | ||||||
Cardtronics, Inc. * | 36,643 | 1,300,826 | ||||||
Care.com, Inc. *(a) | 4,595 | 42,136 | ||||||
Cass Information Systems, Inc. | 7,770 | 364,568 | ||||||
ChannelAdvisor Corp. * | 8,604 | 139,385 | ||||||
Ciber, Inc. * | 51,252 | 195,783 | ||||||
CommVault Systems, Inc. * | 36,085 | 1,989,727 | ||||||
Computer Task Group, Inc. | 12,699 | 162,293 | ||||||
Compuware Corp. | 179,391 | 1,677,306 | ||||||
comScore, Inc. * | 26,507 | 1,015,483 | ||||||
Comverse, Inc. * | 19,609 | 484,146 | ||||||
Constant Contact, Inc. * | 27,641 | 861,570 | ||||||
Convergys Corp. | 85,528 | 1,642,138 | ||||||
Conversant, Inc. * | 54,043 | 1,488,344 |
58 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
CoreLogic, Inc. * | 77,421 | 2,188,692 | ||||||
Cornerstone OnDemand, Inc. * | 37,153 | 1,391,008 | ||||||
CoStar Group, Inc. * | 26,268 | 3,802,293 | ||||||
Covisint Corp. *(a) | 4,340 | 20,875 | ||||||
CSG Systems International, Inc. | 28,800 | 798,336 | ||||||
Cvent, Inc. *(a) | 9,032 | 226,884 | ||||||
Cyan, Inc. *(a) | 7,232 | 27,265 | ||||||
Dealertrack Technologies, Inc. * | 36,543 | 1,635,665 | ||||||
Demand Media, Inc. * | 5,611 | 50,443 | ||||||
Demandware, Inc. * | 23,391 | 1,243,232 | ||||||
Dice Holdings, Inc. * | 27,579 | 234,146 | ||||||
Digital River, Inc. * | 25,093 | 383,170 | ||||||
DST Systems, Inc. | 29,263 | 2,715,899 | ||||||
E2open, Inc. * | 12,468 | 188,267 | ||||||
EarthLink Holdings Corp. | 85,207 | 351,905 | ||||||
Ebix, Inc. (a) | 27,937 | 431,347 | ||||||
Ellie Mae, Inc. * | 20,689 | 740,666 | ||||||
EnerNOC, Inc. * | 21,018 | 412,794 | ||||||
Envestnet, Inc. * | 25,184 | 1,158,716 | ||||||
EPAM Systems, Inc. * | 20,606 | 775,816 | ||||||
Epiq Systems, Inc. | 27,796 | 404,432 | ||||||
ePlus, Inc. * | 3,308 | 193,419 | ||||||
Euronet Worldwide, Inc. * | 38,980 | 2,077,634 | ||||||
EVERTEC, Inc. | 54,310 | 1,250,759 | ||||||
Everyday Health, Inc. * | 5,956 | 86,719 | ||||||
ExlService Holdings, Inc. * | 26,552 | 724,073 | ||||||
Fair Isaac Corp. | 29,203 | 1,698,739 | ||||||
Five9, Inc. * | 8,761 | 51,427 | ||||||
Forrester Research, Inc. | 9,138 | 355,103 | ||||||
Fortinet, Inc. * | 113,026 | 2,917,201 | ||||||
Gigamon, Inc. *(a) | 10,564 | 114,936 | ||||||
Global Cash Access Holdings, Inc. * | 44,941 | 350,989 | ||||||
Global Eagle Entertainment, Inc. * | 42,321 | 534,091 | ||||||
Gogo, Inc. *(a) | 9,108 | 154,198 | ||||||
GrubHub, Inc. *(a) | 5,820 | 223,721 | ||||||
Guidewire Software, Inc. * | 56,852 | 2,589,609 | ||||||
Heartland Payment Systems, Inc. | 30,906 | 1,476,380 | ||||||
Higher One Holdings, Inc. * | 25,900 | 100,492 | ||||||
iGATE Corp. * | 23,847 | 892,355 | ||||||
Imperva, Inc. * | 17,451 | 507,999 | ||||||
Infoblox, Inc. * | 38,876 | 522,882 | ||||||
Interactive Intelligence Group, Inc. * | 12,427 | 532,000 | ||||||
Internap Network Services Corp. * | 42,043 | 287,574 | ||||||
Intralinks Holdings, Inc. * | 31,181 | 245,083 | ||||||
j2 Global, Inc. | 38,092 | 2,036,017 | ||||||
Jive Software, Inc. * | 19,909 | 138,965 | ||||||
Liquidity Services, Inc. * | 22,917 | 349,255 | ||||||
LivePerson, Inc. * | 41,366 | 534,035 | ||||||
LogMeIn, Inc. * | 18,234 | 770,934 | ||||||
Manhattan Associates, Inc. * | 64,385 | 1,859,439 | ||||||
ManTech International Corp., Class A | 21,263 | 616,202 | ||||||
Marin Software, Inc. * | 4,694 | 39,195 | ||||||
Marketo, Inc. * | 14,379 | 421,017 | ||||||
MAXIMUS, Inc. | 55,678 | 2,293,934 | ||||||
Mentor Graphics Corp. | 78,251 | 1,706,654 | ||||||
MicroStrategy, Inc., Class A * | 7,241 | 1,005,992 | ||||||
Millennial Media, Inc. *(a) | 4,405 | 10,484 | ||||||
Model N, Inc. * | 4,145 | 38,300 | ||||||
MoneyGram International, Inc. * | 25,029 | 351,908 | ||||||
Monotype Imaging Holdings, Inc. | 34,256 | 1,006,784 | ||||||
Monster Worldwide, Inc. * | 60,096 | 346,754 | ||||||
Move, Inc. * | 33,779 | 537,086 | ||||||
NetScout Systems, Inc. * | 30,389 | 1,400,021 | ||||||
NeuStar, Inc., Class A * | 51,758 | 1,526,343 | ||||||
NIC, Inc. | 51,811 | 970,938 | ||||||
OPOWER, Inc. *(a) | 5,264 | 82,329 | ||||||
Pandora Media, Inc. * | 142,117 | 3,842,844 | ||||||
Paycom Software, Inc. * | 5,455 | 97,754 | ||||||
Pegasystems, Inc. | 28,042 | 622,532 | ||||||
Perficient, Inc. * | 29,685 | 511,176 | ||||||
Progress Software Corp. * | 41,519 | 961,580 | ||||||
Proofpoint, Inc. * | 18,862 | 752,217 | ||||||
PROS Holdings, Inc. * | 21,263 | 544,120 | ||||||
PTC, Inc. * | 97,558 | 3,774,519 | ||||||
Q2 Holdings, Inc. * | 6,746 | 99,571 | ||||||
Qlik Technologies, Inc. * | 75,882 | 2,142,149 | ||||||
Qualys, Inc. * | 12,896 | 313,373 | ||||||
QuinStreet, Inc. * | 3,529 | 16,904 | ||||||
Rally Software Development Corp. * | 10,849 | 125,197 | ||||||
RealNetworks, Inc. * | 5,084 | 39,147 | ||||||
RealPage, Inc. * | 43,030 | 693,644 | ||||||
Rightside Group Ltd. * | 5,611 | 67,276 | ||||||
Rocket Fuel, Inc. *(a) | 7,797 | 127,013 | ||||||
Rosetta Stone, Inc. * | 12,027 | 105,236 | ||||||
Rovi Corp. * | 78,155 | 1,807,725 | ||||||
Sapient Corp. * | 95,375 | 1,383,891 | ||||||
Science Applications International Corp. | 33,403 | 1,540,546 | ||||||
SciQuest, Inc. * | 18,765 | 299,677 | ||||||
Seachange International, Inc. * | 6,637 | 50,375 | ||||||
ServiceSource International, Inc. *(a) | 26,618 | 101,148 | ||||||
Shutterstock, Inc. * | 8,283 | 586,436 | ||||||
Silver Spring Networks, Inc. * | 4,185 | 43,482 | ||||||
SolarWinds, Inc. * | 54,132 | 2,316,308 | ||||||
Splunk, Inc. * | 74,642 | 4,026,936 | ||||||
SPS Commerce, Inc. * | 12,611 | 705,459 | ||||||
SS&C Technologies Holdings, Inc. * | 51,367 | 2,324,870 | ||||||
Stamps.com, Inc. * | 10,402 | 350,131 | ||||||
Sykes Enterprises, Inc. * | 33,329 | 697,909 | ||||||
Synchronoss Technologies, Inc. * | 27,586 | 1,218,474 | ||||||
Syntel, Inc. * | 13,376 | 1,195,413 | ||||||
Tableau Software, Inc., Class A * | 28,846 | 1,889,125 | ||||||
Take-Two Interactive Software, Inc. * | 76,166 | 1,790,663 | ||||||
Tangoe, Inc. * | 28,615 | 398,321 | ||||||
TeleTech Holdings, Inc. * | 17,888 | 480,293 | ||||||
Textura Corp. *(a) | 15,316 | 441,407 | ||||||
The Rubicon Project, Inc. * | 5,915 | 57,612 | ||||||
The Ultimate Software Group, Inc. * | 23,250 | 3,417,517 | ||||||
TiVo, Inc. * | 94,704 | 1,334,379 | ||||||
Travelzoo, Inc. * | 7,459 | 127,176 | ||||||
Tremor Video, Inc. *(a) | 6,016 | 17,988 | ||||||
TrueCar, Inc. *(a) | 6,450 | 133,321 | ||||||
Trulia, Inc. *(a) | 27,112 | 1,670,913 | ||||||
Tyler Technologies, Inc. * | 24,238 | 2,158,636 | ||||||
Unisys Corp. * | 39,168 | 916,923 | ||||||
United Online, Inc. | 11,115 | 141,939 |
See financial notes 59
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Varonis Systems, Inc. *(a) | 4,295 | 102,221 | ||||||
VASCO Data Security International, Inc. * | 25,046 | 369,929 | ||||||
VeriFone Systems, Inc. * | 91,642 | 3,200,139 | ||||||
Verint Systems, Inc. * | 48,528 | 2,432,709 | ||||||
VirnetX Holding Corp. *(a) | 36,110 | 532,622 | ||||||
Virtusa Corp. * | 21,761 | 740,962 | ||||||
Vringo, Inc. * | 39,648 | 40,044 | ||||||
Web.com Group, Inc. * | 37,650 | 713,467 | ||||||
WebMD Health Corp. * | 30,270 | 1,463,554 | ||||||
WEX, Inc. * | 31,868 | 3,621,798 | ||||||
XO Group, Inc. * | 21,652 | 253,545 | ||||||
Xoom Corp. * | 11,805 | 269,862 | ||||||
Yelp, Inc. * | 48,128 | 3,966,710 | ||||||
Zendesk, Inc. *(a) | 9,275 | 252,187 | ||||||
Zillow, Inc., Class A * | 19,578 | 2,808,660 | ||||||
Zynga, Inc., Class A * | 547,628 | 1,585,383 | ||||||
160,632,048 | ||||||||
Technology Hardware & Equipment 5.0% | ||||||||
ADTRAN, Inc. | 45,633 | 1,053,210 | ||||||
Aeroflex Holding Corp. * | 11,613 | 122,633 | ||||||
Anixter International, Inc. | 21,915 | 1,955,475 | ||||||
ARRIS Group, Inc. * | 99,060 | 3,032,227 | ||||||
Aruba Networks, Inc. * | 88,092 | 1,880,764 | ||||||
AVX Corp. | 40,159 | 553,391 | ||||||
Badger Meter, Inc. | 11,316 | 589,337 | ||||||
Belden, Inc. | 36,366 | 2,657,264 | ||||||
Benchmark Electronics, Inc. * | 43,194 | 1,063,868 | ||||||
Black Box Corp. | 14,433 | 341,340 | ||||||
Brocade Communications Systems, Inc. | 358,141 | 3,778,388 | ||||||
CalAmp Corp. * | 29,000 | 559,120 | ||||||
Calix, Inc. * | 16,605 | 174,353 | ||||||
CDW Corp. | 70,222 | 2,320,135 | ||||||
Checkpoint Systems, Inc. * | 34,519 | 478,088 | ||||||
Ciena Corp. * | 89,092 | 1,843,313 | ||||||
Cognex Corp. * | 67,842 | 2,848,007 | ||||||
Coherent, Inc. * | 21,313 | 1,374,049 | ||||||
CommScope Holding Co., Inc. * | 66,405 | 1,710,593 | ||||||
Comtech Telecommunications Corp. | 14,775 | 562,041 | ||||||
Control4 Corp. *(a) | 3,476 | 51,653 | ||||||
Cray, Inc. * | 33,429 | 943,032 | ||||||
CTS Corp. | 30,618 | 542,857 | ||||||
Daktronics, Inc. | 24,188 | 318,314 | ||||||
Diebold, Inc. | 52,364 | 1,988,261 | ||||||
Dolby Laboratories, Inc., Class A * | 39,804 | 1,854,070 | ||||||
DTS, Inc. * | 16,468 | 393,421 | ||||||
EchoStar Corp., Class A * | 34,933 | 1,761,671 | ||||||
Electro Rent Corp. | 15,247 | 230,687 | ||||||
Electro Scientific Industries, Inc. | 21,095 | 156,525 | ||||||
Electronics For Imaging, Inc. * | 38,235 | 1,683,869 | ||||||
Emulex Corp. * | 50,114 | 274,625 | ||||||
Extreme Networks, Inc. * | 61,350 | 326,996 | ||||||
Fabrinet * | 21,399 | 346,450 | ||||||
FARO Technologies, Inc. * | 15,180 | 880,592 | ||||||
FEI Co. | 35,079 | 2,948,039 | ||||||
Finisar Corp. * | 81,064 | 1,646,410 | ||||||
GSI Group, Inc. * | 21,445 | 274,925 | ||||||
Harmonic, Inc. * | 72,351 | 475,346 | ||||||
II-VI, Inc. * | 47,344 | 660,922 | ||||||
Infinera Corp. * | 92,067 | 974,069 | ||||||
Ingram Micro, Inc., Class A * | 127,646 | 3,680,034 | ||||||
Insight Enterprises, Inc. * | 34,624 | 908,534 | ||||||
InterDigital, Inc. | 32,497 | 1,441,892 | ||||||
InvenSense, Inc. *(a) | 44,630 | 1,153,686 | ||||||
IPG Photonics Corp. * | 29,777 | 2,045,084 | ||||||
Itron, Inc. * | 34,006 | 1,435,733 | ||||||
Ixia * | 47,094 | 453,044 | ||||||
JDS Uniphase Corp. * | 192,233 | 2,220,291 | ||||||
Knowles Corp. * | 69,910 | 2,301,437 | ||||||
Lexmark International, Inc., Class A | 51,208 | 2,589,076 | ||||||
Littelfuse, Inc. | 17,911 | 1,646,200 | ||||||
Maxwell Technologies, Inc. * | 25,234 | 259,153 | ||||||
Measurement Specialties, Inc. * | 13,174 | 1,130,593 | ||||||
Methode Electronics, Inc. | 29,188 | 984,219 | ||||||
MTS Systems Corp. | 12,377 | 879,757 | ||||||
Multi-Fineline Electronix, Inc. * | 6,799 | 68,874 | ||||||
NETGEAR, Inc. * | 30,533 | 1,014,306 | ||||||
Newport Corp. * | 32,479 | 612,879 | ||||||
Nimble Storage, Inc. *(a) | 4,994 | 135,038 | ||||||
Oplink Communications, Inc. | 14,839 | 286,689 | ||||||
OSI Systems, Inc. * | 16,501 | 1,151,110 | ||||||
Palo Alto Networks, Inc. * | 38,700 | 3,289,113 | ||||||
Park Electrochemical Corp. | 17,383 | 489,158 | ||||||
PC Connection, Inc. | 15,765 | 357,550 | ||||||
Plantronics, Inc. | 34,992 | 1,670,168 | ||||||
Plexus Corp. * | 29,000 | 1,194,510 | ||||||
Polycom, Inc. * | 111,940 | 1,483,205 | ||||||
Procera Networks, Inc. * | 7,442 | 76,578 | ||||||
QLogic Corp. * | 69,054 | 624,939 | ||||||
Quantum Corp. * | 120,287 | 150,359 | ||||||
RealD, Inc. * | 37,341 | 347,645 | ||||||
Riverbed Technology, Inc. * | 130,884 | 2,465,855 | ||||||
Rofin-Sinar Technologies, Inc. * | 25,692 | 615,580 | ||||||
Rogers Corp. * | 15,269 | 918,888 | ||||||
Ruckus Wireless, Inc. * | 44,791 | 623,043 | ||||||
Sanmina Corp. * | 67,697 | 1,589,526 | ||||||
ScanSource, Inc. * | 25,111 | 968,280 | ||||||
ShoreTel, Inc. * | 35,268 | 236,296 | ||||||
Silicon Graphics International Corp. * | 29,385 | 287,973 | ||||||
Sonus Networks, Inc. * | 177,500 | 669,175 | ||||||
Super Micro Computer, Inc. * | 25,916 | 634,683 | ||||||
SYNNEX Corp. * | 21,912 | 1,528,143 | ||||||
Tech Data Corp. * | 31,931 | 2,155,343 | ||||||
TTM Technologies, Inc. * | 46,385 | 354,845 | ||||||
Ubiquiti Networks, Inc. *(a) | 13,476 | 611,271 | ||||||
Universal Display Corp. * | 35,083 | 1,218,783 | ||||||
ViaSat, Inc. * | 35,140 | 2,000,872 | ||||||
Viasystems Group, Inc. * | 4,172 | 44,432 | ||||||
Vishay Intertechnology, Inc. | 114,057 | 1,824,912 | ||||||
Zebra Technologies Corp., Class A * | 41,516 | 3,239,494 | ||||||
105,698,578 | ||||||||
Telecommunication Services 0.5% | ||||||||
8x8, Inc. * | 61,602 | 478,648 | ||||||
Atlantic Tele-Network, Inc. | 8,564 | 502,193 | ||||||
Boingo Wireless, Inc. * | 10,600 | 73,776 |
60 See financial notes
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Cincinnati Bell, Inc. * | 174,049 | 638,760 | ||||||
Cogent Communications Holdings, Inc. | 35,961 | 1,246,408 | ||||||
Consolidated Communications Holdings, Inc. | 29,598 | 721,599 | ||||||
FairPoint Communications, Inc. * | 17,690 | 285,870 | ||||||
General Communication, Inc., Class A * | 23,988 | 269,625 | ||||||
Globalstar, Inc. * | 202,082 | 804,286 | ||||||
IDT Corp., Class B | 15,621 | 245,406 | ||||||
inContact, Inc. * | 47,094 | 431,381 | ||||||
Intelsat S.A. * | 17,156 | 300,916 | ||||||
Iridium Communications, Inc. *(a) | 64,425 | 605,595 | ||||||
NTELOS Holdings Corp. (a) | 11,426 | 150,709 | ||||||
Premiere Global Services, Inc. * | 36,387 | 479,217 | ||||||
RingCentral, Inc., Class A * | 6,364 | 85,469 | ||||||
Shenandoah Telecommunications Co. | 20,092 | 554,941 | ||||||
Spok Holdings, Inc. | 16,012 | 236,978 | ||||||
Telephone & Data Systems, Inc. | 81,141 | 2,137,254 | ||||||
United States Cellular Corp. * | 11,945 | 450,565 | ||||||
Vonage Holdings Corp. * | 155,489 | 536,437 | ||||||
11,236,033 | ||||||||
Transportation 3.5% | ||||||||
Air Transport Services Group, Inc. * | 29,721 | 242,821 | ||||||
Alaska Air Group, Inc. | 113,036 | 5,238,088 | ||||||
Allegiant Travel Co. | 11,415 | 1,402,447 | ||||||
AMERCO | 5,011 | 1,392,106 | ||||||
American Airlines Group, Inc. | 592,339 | 23,047,910 | ||||||
ArcBest Corp. | 21,458 | 770,342 | ||||||
Atlas Air Worldwide Holdings, Inc. * | 19,493 | 652,041 | ||||||
Avis Budget Group, Inc. * | 86,684 | 5,852,037 | ||||||
Celadon Group, Inc. | 18,059 | 378,155 | ||||||
Con-way, Inc. | 46,706 | 2,393,683 | ||||||
Echo Global Logistics, Inc. * | 12,753 | 331,068 | ||||||
Forward Air Corp. | 25,692 | 1,189,283 | ||||||
Hawaiian Holdings, Inc. * | 44,526 | 694,606 | ||||||
Heartland Express, Inc. | 40,580 | 951,601 | ||||||
Hub Group, Inc., Class A * | 28,613 | 1,244,379 | ||||||
JetBlue Airways Corp. * | 187,836 | 2,297,234 | ||||||
Knight Transportation, Inc. | 48,869 | 1,238,829 | ||||||
Landstar System, Inc. | 38,065 | 2,583,281 | ||||||
Marten Transport Ltd. | 19,339 | 382,912 | ||||||
Matson, Inc. | 37,564 | 1,013,852 | ||||||
Old Dominion Freight Line, Inc. * | 57,400 | 3,826,858 | ||||||
Park-Ohio Holdings Corp. | 7,443 | 431,992 | ||||||
Patriot Transportation Holding, Inc. * | 4,819 | 167,171 | ||||||
Republic Airways Holdings, Inc. * | 42,602 | 432,410 | ||||||
Roadrunner Transportation Systems, Inc. * | 21,466 | 540,514 | ||||||
Ryder System, Inc. | 43,734 | 3,950,930 | ||||||
Saia, Inc. * | 21,758 | 1,032,852 | ||||||
SkyWest, Inc. | 40,335 | 361,805 | ||||||
Spirit Airlines, Inc. * | 59,824 | 4,211,011 | ||||||
Swift Transportation Co. * | 92,311 | 1,955,147 | ||||||
Universal Truckload Services, Inc. | 2,642 | 65,759 | ||||||
UTi Worldwide, Inc. * | 72,875 | 668,993 | ||||||
Werner Enterprises, Inc. | 38,968 | 970,303 | ||||||
Wesco Aircraft Holdings, Inc. * | 41,655 | 763,953 | ||||||
XPO Logistics, Inc. * | 42,247 | 1,308,390 | ||||||
73,984,763 | ||||||||
Utilities 2.7% | ||||||||
ALLETE, Inc. | 31,381 | 1,527,313 | ||||||
American States Water Co. | 30,722 | 992,321 | ||||||
Atmos Energy Corp. | 82,392 | 4,165,740 | ||||||
Avista Corp. | 48,410 | 1,571,389 | ||||||
Black Hills Corp. | 37,247 | 2,001,281 | ||||||
California Water Service Group | 36,658 | 892,989 | ||||||
Chesapeake Utilities Corp. | 7,781 | 536,656 | ||||||
Cleco Corp. | 49,016 | 2,765,483 | ||||||
Connecticut Water Service, Inc. | 8,811 | 290,322 | ||||||
Dynegy, Inc. * | 80,813 | 2,640,969 | ||||||
El Paso Electric Co. | 32,936 | 1,295,702 | ||||||
Great Plains Energy, Inc. | 126,438 | 3,245,663 | ||||||
Hawaiian Electric Industries, Inc. (a) | 81,430 | 2,067,508 | ||||||
IDACORP, Inc. | 41,367 | 2,346,336 | ||||||
MGE Energy, Inc. | 28,568 | 1,149,291 | ||||||
Middlesex Water Co. | 12,964 | 266,151 | ||||||
New Jersey Resources Corp. | 35,710 | 1,865,133 | ||||||
Northwest Natural Gas Co. | 23,661 | 1,075,629 | ||||||
NorthWestern Corp. | 33,229 | 1,604,296 | ||||||
NRG Yield, Inc., Class A | 26,700 | 1,452,213 | ||||||
ONE Gas, Inc. | 44,243 | 1,656,015 | ||||||
Ormat Technologies, Inc. | 14,208 | 391,146 | ||||||
Otter Tail Corp. | 28,339 | 807,378 | ||||||
Pattern Energy Group, Inc. | 30,928 | 996,964 | ||||||
Piedmont Natural Gas Co., Inc. | 62,845 | 2,350,403 | ||||||
PNM Resources, Inc. | 64,006 | 1,677,597 | ||||||
Portland General Electric Co. | 64,300 | 2,216,421 | ||||||
SJW Corp. | 11,683 | 319,413 | ||||||
South Jersey Industries, Inc. | 28,223 | 1,635,523 | ||||||
Southwest Gas Corp. | 37,962 | 1,981,996 | ||||||
The Empire District Electric Co. (a) | 32,975 | 852,404 | ||||||
The Laclede Group, Inc. | 33,895 | 1,676,108 | ||||||
UIL Holdings Corp. | 48,316 | 1,799,771 | ||||||
Unitil Corp. | 10,055 | 327,692 | ||||||
Vectren Corp. | 68,994 | 2,844,623 | ||||||
WGL Holdings, Inc. | 44,224 | 1,923,302 | ||||||
York Water Co. | 9,641 | 194,555 | ||||||
57,403,696 | ||||||||
Total Common Stock | ||||||||
(Cost $1,697,595,459) | 2,101,639,329 | |||||||
Other Investment Companies 2.9% of net assets | ||||||||
Money Market Fund 0.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (d) | 1,475,661 | 1,475,661 |
See financial notes 61
Table of Contents
Schwab U.S. Small-Cap ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Securities Lending Collateral 2.8% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (d) | 60,135,167 | 60,135,167 | ||||||
Total Other Investment Companies | ||||||||
(Cost $61,610,828) | 61,610,828 | |||||||
Rights 0.0% of net assets | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% | ||||||||
Forest Laboratories, Inc., CVR *(b)(c) | 5,521 | — | ||||||
Telecommunication Services 0.0% | ||||||||
Contra Leap Wireless CVR *(b)(c) | 45,801 | 115,419 | ||||||
Total Rights | ||||||||
(Cost $115,419) | 115,419 | |||||||
Warrants 0.0% of net assets | ||||||||
Energy 0.0% | ||||||||
Magnum Hunter Resources Corp. *(a)(b)(c) | 11,911 | — | ||||||
Total Warrants | ||||||||
(Cost $—) | — | |||||||
Face | ||||||||
Security | Amount | Value | ||||||
Rate, Maturity Date | ($) | ($) | ||||||
Short-Term Investment 0.0% of net assets | ||||||||
U.S. Treasury Obligation 0.0% | ||||||||
U.S. Treasury Bill | ||||||||
0.02%, 09/18/14 (e)(f) | 100,000 | 99,999 | ||||||
Total Short-Term Investment | ||||||||
(Cost $99,999) | 99,999 | |||||||
End of Investments |
At 08/31/14, the tax basis cost of the fund’s investments was $1,761,255,152 and the unrealized appreciation and depreciation were $458,520,773 and ($56,310,350), respectively, with a net unrealized appreciation of $402,210,423.
* | Non-income producing security. | |
(a) | All or a portion of this security is on loan. Securities on loan were valued at $59,854,274. | |
(b) | Fair-valued by management in accordance with procedures approved by the Board of Trustees. | |
(c) | Illiquid security. At the period end, the value of these amounted to $115,419 or 0.0% of net assets. | |
(d) | The rate shown is the 7-day yield. | |
(e) | The rate shown is the purchase yield. | |
(f) | All or a portion of this security is held as collateral for open futures contracts. |
CVR — | Contingent Value Rights | |
ETF — | Exchange Traded Fund | |
REIT — | Real Estate Investment Trust |
In addition to the above, the fund held the following at 08/31/14:
Contract | Unrealized | |||||||||||
Number of | Value | Appreciation | ||||||||||
Contracts | ($) | ($) | ||||||||||
Futures Contracts | ||||||||||||
Russell 2000 Index, e-mini, Long, expires 09/19/14 | 5 | 586,700 | 21,390 |
62 See financial notes
Table of Contents
Schwab U.S. Dividend Equity ETF
Portfolio Holdings as of August 31, 2014
This section shows all the securities in the fund’s portfolio and their values as of the report date.
The fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The fund’s Form N-Q is available on the SEC’s website at http://www.sec.gov and may be viewed and copied at the SEC’s Public Reference Room in Washington, D.C. Call 1-800-SEC-0330 for information on the operation of the Public Reference Room. The fund also makes available its complete schedule of portfolio holdings on a daily basis on the fund’s website at www.schwabetfs.com.
Cost | Value | |||||||||||
Holdings by Category | ($) | ($) | ||||||||||
99 | .7% | Common Stock | 1,779,216,306 | 2,069,141,410 | ||||||||
0 | .1% | Other Investment Companies | 1,052,105 | 1,078,492 | ||||||||
99 | .8% | Total Investments | 1,780,268,411 | 2,070,219,902 | ||||||||
0 | .2% | Other Assets and Liabilities, Net | 5,111,170 | |||||||||
100 | .0% | Net Assets | 2,075,331,072 |
Number | Value | |||||||
Security | of Shares | ($) | ||||||
Common Stock 99.7% of net assets | ||||||||
Banks 0.1% | ||||||||
First Financial Bancorp | 31,137 | 517,186 | ||||||
Umpqua Holdings Corp. | 83,550 | 1,459,618 | ||||||
1,976,804 | ||||||||
Capital Goods 12.7% | ||||||||
3M Co. | 306,360 | 44,115,840 | ||||||
Eaton Corp. plc | 234,544 | 16,373,517 | ||||||
Emerson Electric Co. | 345,710 | 22,132,354 | ||||||
Fastenal Co. | 133,974 | 6,066,343 | ||||||
General Dynamics Corp. | 160,589 | 19,792,594 | ||||||
Illinois Tool Works, Inc. | 187,197 | 16,512,647 | ||||||
Lockheed Martin Corp. | 131,311 | 22,848,114 | ||||||
Northrop Grumman Corp. | 105,780 | 13,457,332 | ||||||
Raytheon Co. | 154,410 | 14,875,859 | ||||||
The Boeing Co. | 330,314 | 41,883,815 | ||||||
United Technologies Corp. | 416,214 | 44,942,788 | ||||||
263,001,203 | ||||||||
Commercial & Professional Services 0.1% | ||||||||
R.R. Donnelley & Sons Co. | 98,400 | 1,738,728 | ||||||
Consumer Durables & Apparel 0.8% | ||||||||
Garmin Ltd. | 60,352 | 3,278,924 | ||||||
Hasbro, Inc. | 56,797 | 2,990,646 | ||||||
Leggett & Platt, Inc. | 68,294 | 2,396,437 | ||||||
Mattel, Inc. | 166,717 | 5,750,069 | ||||||
Tupperware Brands Corp. | 24,764 | 1,814,211 | ||||||
16,230,287 | ||||||||
Consumer Services 2.7% | ||||||||
Cracker Barrel Old Country Store, Inc. | 11,554 | 1,160,137 | ||||||
Darden Restaurants, Inc. | 64,429 | 3,048,780 | ||||||
H&R Block, Inc. | 134,711 | 4,516,860 | ||||||
International Game Technology | 123,046 | 2,074,556 | ||||||
McDonald’s Corp. | 487,968 | 45,732,361 | ||||||
56,532,694 | ||||||||
Diversified Financials 0.7% | ||||||||
Federated Investors, Inc., Class B | 48,703 | 1,494,695 | ||||||
T. Rowe Price Group, Inc. | 128,705 | 10,424,461 | ||||||
Waddell & Reed Financial, Inc., Class A | 41,716 | 2,273,522 | ||||||
14,192,678 | ||||||||
Energy 12.7% | ||||||||
Chevron Corp. | 729,725 | 94,462,901 | ||||||
ConocoPhillips | 605,466 | 49,175,949 | ||||||
Exxon Mobil Corp. | 895,146 | 89,031,221 | ||||||
Helmerich & Payne, Inc. | 52,780 | 5,544,539 | ||||||
HollyFrontier Corp. | 97,639 | 4,884,879 | ||||||
RPC, Inc. | 31,683 | 721,422 | ||||||
The Williams Cos., Inc. | 338,094 | 20,096,307 | ||||||
263,917,218 | ||||||||
Food & Staples Retailing 3.4% | ||||||||
Sysco Corp. | 287,428 | 10,873,401 | ||||||
Wal-Mart Stores, Inc. | 794,852 | 60,011,326 | ||||||
70,884,727 | ||||||||
Food, Beverage & Tobacco 11.4% | ||||||||
Altria Group, Inc. | 978,865 | 42,169,504 | ||||||
B&G Foods, Inc. | 26,254 | 792,871 | ||||||
Campbell Soup Co. | 87,818 | 3,936,003 | ||||||
ConAgra Foods, Inc. | 206,564 | 6,651,361 | ||||||
Flowers Foods, Inc. | 85,765 | 1,679,279 | ||||||
General Mills, Inc. | 303,336 | 16,192,076 | ||||||
Kellogg Co. | 126,258 | 8,202,982 | ||||||
PepsiCo, Inc. | 747,394 | 69,126,471 | ||||||
Reynolds American, Inc. | 152,975 | 8,944,448 | ||||||
The Coca-Cola Co. | 1,863,369 | 77,739,755 | ||||||
Universal Corp. | 11,006 | 580,676 | ||||||
236,015,426 | ||||||||
Health Care Equipment & Services 1.3% | ||||||||
Baxter International, Inc. | 267,533 | 20,059,624 | ||||||
Computer Programs & Systems, Inc. | 5,422 | 333,128 | ||||||
Meridian Bioscience, Inc. | 23,571 | 461,284 | ||||||
Owens & Minor, Inc. | 30,960 | 1,065,024 | ||||||
Quest Diagnostics, Inc. | 70,736 | 4,471,223 | ||||||
26,390,283 | ||||||||
Household & Personal Products 7.1% | ||||||||
Colgate-Palmolive Co. | 429,621 | 27,809,368 | ||||||
Kimberly-Clark Corp. | 185,829 | 20,069,532 |
See financial notes 63
Table of Contents
Schwab U.S. Dividend Equity ETF
Portfolio Holdings continued
Number | Value | |||||||
Security | of Shares | ($) | ||||||
The Clorox Co. | 63,700 | 5,643,820 | ||||||
The Procter & Gamble Co. | 1,141,112 | 94,837,818 | ||||||
148,360,538 | ||||||||
Insurance 1.0% | ||||||||
Aflac, Inc. | 223,941 | 13,714,147 | ||||||
Arthur J. Gallagher & Co. | 76,925 | 3,633,168 | ||||||
Mercury General Corp. | 17,540 | 898,574 | ||||||
PartnerRe Ltd. | 21,741 | 2,428,252 | ||||||
Safety Insurance Group, Inc. | 6,504 | 359,021 | ||||||
21,033,162 | ||||||||
Materials 4.3% | ||||||||
Air Products & Chemicals, Inc. | 104,804 | 13,960,941 | ||||||
Compass Minerals International, Inc. | 16,392 | 1,460,035 | ||||||
E.I. du Pont de Nemours & Co. | 452,028 | 29,883,571 | ||||||
International Paper Co. | 214,061 | 10,371,255 | ||||||
Schweitzer-Mauduit International, Inc. | 14,658 | 627,949 | ||||||
Sonoco Products Co. | 49,947 | 2,055,819 | ||||||
The Dow Chemical Co. | 594,424 | 31,831,405 | ||||||
90,190,975 | ||||||||
Media 0.7% | ||||||||
Gannett Co., Inc. | 111,579 | 3,766,907 | ||||||
Meredith Corp. | 18,181 | 846,871 | ||||||
Omnicom Group, Inc. | 127,112 | 9,153,335 | ||||||
13,767,113 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences 10.3% | ||||||||
Eli Lilly & Co. | 484,651 | 30,804,418 | ||||||
Johnson & Johnson | 884,011 | 91,698,461 | ||||||
Pfizer, Inc. | 3,103,411 | 91,209,249 | ||||||
213,712,128 | ||||||||
Retailing 4.5% | ||||||||
American Eagle Outfitters, Inc. | 83,730 | 1,178,918 | ||||||
Genuine Parts Co. | 75,496 | 6,624,019 | ||||||
Staples, Inc. | 319,114 | 3,727,252 | ||||||
Target Corp. | 312,660 | 18,781,486 | ||||||
The Home Depot, Inc. | 674,758 | 63,089,873 | ||||||
93,401,548 | ||||||||
Semiconductors & Semiconductor Equipment 6.7% | ||||||||
Analog Devices, Inc. | 155,437 | 7,945,940 | ||||||
Intel Corp. | 2,453,936 | 85,691,445 | ||||||
Linear Technology Corp. | 115,883 | 5,227,482 | ||||||
Maxim Integrated Products, Inc. | 138,887 | 4,290,219 | ||||||
Microchip Technology, Inc. | 99,286 | 4,848,135 | ||||||
Texas Instruments, Inc. | 531,631 | 25,613,982 | ||||||
Xilinx, Inc. | 132,077 | 5,580,253 | ||||||
139,197,456 | ||||||||
Software & Services 6.4% | ||||||||
Automatic Data Processing, Inc. | 237,591 | 19,834,097 | ||||||
CA, Inc. | 158,362 | 4,472,143 | ||||||
Microsoft Corp. | 2,235,438 | 101,555,948 | ||||||
Paychex, Inc. | 159,258 | 6,633,096 | ||||||
132,495,284 | ||||||||
Technology Hardware & Equipment 0.2% | ||||||||
Harris Corp. | 52,436 | 3,743,406 | ||||||
Telecommunication Services 8.7% | ||||||||
AT&T, Inc. | 2,558,468 | 89,444,041 | ||||||
Verizon Communications, Inc. | 1,850,447 | 92,189,270 | ||||||
181,633,311 | ||||||||
Transportation 3.4% | ||||||||
C.H. Robinson Worldwide, Inc. | 72,865 | 4,973,765 | ||||||
CSX Corp. | 495,235 | 15,307,714 | ||||||
Norfolk Southern Corp. | 153,073 | 16,378,811 | ||||||
United Parcel Service, Inc., Class B | 347,646 | 33,836,385 | ||||||
70,496,675 | ||||||||
Utilities 0.5% | ||||||||
Alliant Energy Corp. | 54,262 | 3,173,784 | ||||||
Questar Corp. | 85,998 | 2,021,813 | ||||||
Wisconsin Energy Corp. | 111,056 | 5,034,169 | ||||||
10,229,766 | ||||||||
Total Common Stock | ||||||||
(Cost $1,779,216,306) | 2,069,141,410 | |||||||
Other Investment Companies 0.1% of net assets | ||||||||
Equity Fund 0.0% | ||||||||
Vanguard Dividend Appreciation ETF | 5,000 | 390,600 | ||||||
Money Market Fund 0.1% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Premier Class 0.00% (a) | 687,892 | 687,892 | ||||||
Total Other Investment Companies | ||||||||
(Cost $1,052,105) | 1,078,492 | |||||||
End of Investments |
At 08/31/14, the tax basis cost of the fund’s investments was $1,780,166,224 and the unrealized appreciation and depreciation were $300,887,352 and ($10,833,674), respectively, with a net unrealized appreciation of $290,053,678.
ETF — | Exchange Traded Fund |
(a) | The rate shown is the 7-day yield. |
64 See financial notes
Table of Contents
Report of Independent Registered Public Accounting Firm
To the Board of Trustees and Shareholders of:
Schwab U.S. Broad Market ETF
Schwab U.S. Large-Cap ETF
Schwab U.S. Large-Cap Growth ETF
Schwab U.S. Large-Cap Value ETF
Schwab U.S. Mid-Cap ETF
Schwab U.S. Small-Cap ETF
Schwab U.S. Dividend Equity ETF
Schwab International Equity ETF
Schwab International Small-Cap Equity ETF
Schwab Emerging Markets Equity ETF
Schwab U.S. Broad Market ETF
Schwab U.S. Large-Cap ETF
Schwab U.S. Large-Cap Growth ETF
Schwab U.S. Large-Cap Value ETF
Schwab U.S. Mid-Cap ETF
Schwab U.S. Small-Cap ETF
Schwab U.S. Dividend Equity ETF
Schwab International Equity ETF
Schwab International Small-Cap Equity ETF
Schwab Emerging Markets Equity ETF
In our opinion, the accompanying statements of assets and liabilities, including the summary portfolio holdings, and the related statements of operations and of changes in net assets and the financial highlights (included in Item 1 of this Form N-CSR) and the portfolio holdings (included in Item 6 of this Form N-CSR) present fairly, in all material respects, the financial position of Schwab U.S. Broad Market ETF, Schwab U.S. Large-Cap ETF, Schwab U.S. Large-Cap Growth ETF, Schwab U.S. Large-Cap Value ETF, Schwab U.S. Mid-Cap ETF, Schwab U.S. Small-Cap ETF, Schwab U.S. Dividend Equity ETF, Schwab International Equity ETF, Schwab International Small-Cap Equity ETF and Schwab Emerging Markets Equity ETF (ten of the funds constituting Schwab Strategic Trust, hereafter referred to as the “Funds”) at August 31, 2014, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period then ended and the financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements, financial highlights and portfolio holdings (hereafter referred to as “financial statements”) are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at August 31, 2014 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
October 17, 2014
PricewaterhouseCoopers LLP, Three Embarcadero Center, San Francisco, CA 94111
T: (415) 498 5000, F: (415) 498 7100, www.pwc.com/us
T: (415) 498 5000, F: (415) 498 7100, www.pwc.com/us
Table of Contents
Item 7: Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8: Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9: Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10: Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11: Controls and Procedures.
(a) | Based on their evaluation of Registrant’s disclosure controls and procedures, as of a date within 90 days of the filing date, Registrant’s Chief Executive Officer, Marie Chandoha and Registrant’s Principal Financial Officer, George Pereira, have concluded that Registrant’s disclosure controls and procedures are: (i) reasonably designed to ensure that information required to be disclosed in this report is appropriately communicated to Registrant’s officers to allow timely decisions regarding disclosures required in this report; (ii) reasonably designed to ensure that information required to be disclosed in this report is recorded, processed, summarized and reported in a timely manner; and (iii) are effective in achieving the goals described in (i) and (ii) above. |
(b) | During the second fiscal quarter of the period covered by this report, there have been no changes in Registrant’s internal control over financial reporting that the above officers believe to have materially affected, or to be reasonably likely to materially affect, Registrant’s internal control over financial reporting. |
Item 12: Exhibits.
(a) | (1) | Registrant’s code of ethics (that is the subject of the disclosure required by Item 2(a)) is attached. |
(2) | Separate certifications for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(a) under the 1940 Act, are attached. |
(3) | Not applicable. |
Table of Contents
(b) | A certification for Registrant’s principal executive officer and principal financial officer, as required by Rule 30a-2(b) under the 1940 Act, is attached. This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. section 1350 and is not being filed as part of the Form N-CSR with the Commission. |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Schwab Strategic Trust
By: | /s/ Marie Chandoha | |||
Chief Executive Officer | ||||
Date: | October 16, 2014 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Marie Chandoha | |||
Chief Executive Officer | ||||
Date: | October 16, 2014 |
By: | /s/ George Pereira | |||
Principal Financial Officer | ||||
Date: | October 16, 2014 |