Schwab Strategic Trust
Schwab Municipal Bond ETF
Schwab Municipal Bond ETF
Portfolio Holdings as of September 30, 2023 (Unaudited)
The following are the portfolio holdings as of the report date. For more information, please refer to the fund’s semiannual or annual shareholder reports. You can also obtain this information at no cost by calling 1-866-414-6349 or by sending an email request to orders@mysummaryprospectus.com.
Based on index eligibility requirements, securities must have a fixed coupon schedule (including zero coupon bonds). The rate shown is the interest rate. The index excludes certain types of securities, including, among others, step coupon securities, taxable municipal securities, floating rate notes and variable rate demand obligations or notes. The maturity date shown for all the securities is the final legal maturity.
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MUNICIPAL SECURITIES 100.1% OF NET ASSETS | ||||
ALABAMA 0.7% | ||||
Alabama Federal Aid Highway Finance Auth | ||||
Special Obligation RB Series 2017A | 4.00% | 06/01/37 (a)(b) | 235,000 | 238,648 |
Alabama Public School & College Auth | ||||
Refunding RB Series 2020A | 5.00% | 11/01/30 | 150,000 | 163,727 |
Alabama State Corrections Institution Finance Auth | ||||
RB Series 2022A | 5.25% | 07/01/47 (b) | 100,000 | 103,091 |
Birmingham Water Works Board | ||||
Water Refunding RB Series 2015A | 5.00% | 01/01/42 (a)(b) | 300,000 | 304,139 |
Tuscaloosa City Board of Education Capital Outlay Warrants | ||||
School Tax Warrants Series 2016 | 5.00% | 08/01/46 (a)(b) | 200,000 | 206,900 |
1,016,505 | ||||
ARIZONA 0.9% | ||||
Arizona Health Facilities Auth | ||||
RB (Banner Health) Series 2014A | 5.00% | 01/01/44 (a)(b) | 150,000 | 150,348 |
Glendale Municipal Property Corp | ||||
Sub Excise Tax Refunding RB Series 2012C | 4.00% | 07/01/38 (b) | 130,000 | 118,745 |
Maricopa Cnty | ||||
GO Bonds Series 2018C | 4.00% | 07/01/38 (b) | 300,000 | 281,436 |
Mesa | ||||
Utility Systems RB Series 2019A | 5.00% | 07/01/43 (b) | 75,000 | 77,243 |
Phoenix Civic Improvement Corp | ||||
Jr Lien Airport RB Series 2019A | 4.00% | 07/01/49 (b) | 100,000 | 88,266 |
Salt River Project Agricultural Improvement & Power District | ||||
Electric System RB Series 2017A | 5.00% | 01/01/36 (b) | 185,000 | 193,415 |
Electric System RB Series 2021A | 5.00% | 01/01/24 | 200,000 | 200,508 |
Refunding RB Series 2016A | 5.00% | 01/01/31 (b) | 300,000 | 312,055 |
1,422,016 | ||||
ARKANSAS 0.1% | ||||
Fayetteville SD #1 | ||||
GO Refunding & Construction Bonds | 3.00% | 06/01/50 (b)(c) | 125,000 | 83,761 |
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Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Univ of Arkansas | ||||
Facilities RB Series 2021A | 5.00% | 12/01/45 (b) | 70,000 | 71,505 |
155,266 | ||||
CALIFORNIA 19.4% | ||||
Alameda Cnty Transportation Commission | ||||
Sr Sales Tax RB Series 2022 | 5.00% | 03/01/45 (b) | 110,000 | 116,597 |
Alameda Corridor Transportation Auth | ||||
Sub Lien Refunding RB Series 2004A | 0.00% | 10/01/30 (c)(d) | 100,000 | 74,848 |
Anaheim Public Financing Auth | ||||
Sub Lease RB Series 1997C | 0.00% | 09/01/32 (c)(d) | 100,000 | 67,587 |
Bay Area Toll Auth | ||||
Sub Toll Bridge RB Series 2014S6 | 5.00% | 10/01/54 (a)(b) | 175,000 | 177,444 |
Sub Toll Bridge RB Series 2017S7 | 4.00% | 04/01/32 (b) | 140,000 | 140,816 |
Sub Toll Bridge RB Series 2017S7 | 4.00% | 04/01/33 (b) | 190,000 | 191,156 |
Sub Toll Bridge RB Series 2017S7 | 3.25% | 04/01/36 (b) | 100,000 | 88,209 |
Toll Bridge Sub RB Series 2017S7 | 4.00% | 04/01/47 (b) | 250,000 | 227,539 |
Beverly Hills USD | ||||
GO Bonds Series 2009 | 0.00% | 08/01/33 (d) | 150,000 | 101,796 |
California | ||||
GO Bonds | 4.00% | 11/01/23 | 100,000 | 100,019 |
GO Bonds | 5.00% | 08/01/24 | 60,000 | 60,690 |
GO Bonds | 5.00% | 11/01/24 | 50,000 | 50,764 |
GO Bonds | 5.00% | 11/01/25 (b) | 250,000 | 253,445 |
GO Bonds | 5.00% | 08/01/27 (b) | 200,000 | 207,997 |
GO Bonds | 5.00% | 11/01/28 | 120,000 | 128,332 |
GO Bonds | 5.00% | 08/01/29 (b) | 200,000 | 211,074 |
GO Bonds | 5.00% | 11/01/29 | 100,000 | 108,122 |
GO Bonds | 5.00% | 10/01/30 (b) | 275,000 | 293,401 |
GO Bonds | 5.00% | 11/01/30 | 50,000 | 54,641 |
GO Bonds | 5.00% | 04/01/31 (b) | 125,000 | 134,117 |
GO Bonds | 4.00% | 09/01/31 (b) | 180,000 | 181,230 |
GO Bonds | 5.00% | 11/01/32 (b) | 220,000 | 234,898 |
GO Bonds | 5.00% | 12/01/32 (b) | 150,000 | 155,041 |
GO Bonds | 3.00% | 10/01/33 (b) | 200,000 | 181,535 |
GO Bonds | 5.00% | 10/01/35 (b) | 200,000 | 219,822 |
GO Bonds | 5.00% | 03/01/36 (b) | 100,000 | 106,897 |
GO Bonds | 3.75% | 04/01/37 (b) | 105,000 | 98,398 |
GO Bonds | 5.00% | 10/01/39 (b) | 200,000 | 214,541 |
GO Bonds | 5.00% | 10/01/45 (b) | 150,000 | 158,037 |
GO Bonds | 5.25% | 10/01/45 (b) | 250,000 | 269,031 |
GO Bonds | 5.25% | 09/01/47 (b) | 200,000 | 213,451 |
GO Bonds | 4.00% | 04/01/49 (b) | 250,000 | 231,230 |
GO Bonds | 5.25% | 10/01/50 (b) | 170,000 | 180,956 |
GO Refunding Bonds | 5.00% | 08/01/25 | 380,000 | 390,092 |
GO Refunding Bonds | 5.00% | 10/01/25 | 250,000 | 257,297 |
GO Refunding Bonds | 5.00% | 12/01/26 | 200,000 | 208,815 |
GO Refunding Bonds | 5.00% | 03/01/27 (b) | 250,000 | 255,000 |
GO Refunding Bonds | 5.00% | 12/01/27 | 210,000 | 222,582 |
GO Refunding Bonds | 5.00% | 10/01/28 | 325,000 | 347,249 |
GO Refunding Bonds | 5.00% | 12/01/28 | 50,000 | 53,521 |
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Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Refunding Bonds | 3.00% | 09/01/29 (b) | 55,000 | 52,125 |
GO Refunding Bonds | 5.00% | 03/01/30 (b) | 150,000 | 152,704 |
GO Refunding Bonds | 5.00% | 04/01/31 (b) | 130,000 | 139,481 |
GO Refunding Bonds | 5.25% | 08/01/32 (c) | 300,000 | 336,643 |
GO Refunding Bonds | 4.00% | 09/01/32 (b) | 50,000 | 50,298 |
GO Refunding Bonds | 5.00% | 09/01/32 (b) | 150,000 | 153,337 |
GO Refunding Bonds | 5.00% | 08/01/33 (b) | 400,000 | 403,136 |
GO Refunding Bonds | 4.00% | 11/01/34 (b) | 90,000 | 90,525 |
GO Refunding Bonds | 5.00% | 03/01/35 (b) | 245,000 | 263,100 |
GO Refunding Bonds | 3.13% | 04/01/35 (b) | 75,000 | 67,729 |
GO Refunding Bonds | 3.50% | 08/01/35 (b) | 200,000 | 186,791 |
GO Refunding Bonds | 3.00% | 10/01/36 (b) | 200,000 | 171,842 |
GO Refunding Bonds | 5.00% | 11/01/36 (b) | 95,000 | 100,437 |
GO Refunding Bonds | 4.00% | 03/01/37 (b) | 200,000 | 197,808 |
GO Refunding Bonds | 5.00% | 04/01/37 (b) | 190,000 | 199,879 |
GO Refunding Bonds | 4.00% | 11/01/37 (b) | 150,000 | 146,942 |
GO Refunding Bonds | 5.00% | 09/01/41 (b) | 100,000 | 105,523 |
GO Refunding Bonds | 4.00% | 04/01/42 (b) | 200,000 | 192,312 |
GO Refunding Bonds | 5.00% | 04/01/42 (b) | 100,000 | 105,640 |
GO Refunding Bonds | 5.00% | 10/01/42 (b) | 100,000 | 104,270 |
GO Refunding Bonds | 5.00% | 10/01/42 (b) | 420,000 | 445,966 |
ULT GO Bonds | 5.00% | 10/01/26 (b) | 125,000 | 129,339 |
California Dept of Water Resources | ||||
Water System RB Series AS | 5.00% | 12/01/29 (a)(b) | 70,000 | 71,217 |
Water System RB Series BB | 5.00% | 12/01/23 | 250,000 | 250,512 |
California Educational Facilities Auth | ||||
RB (Loma Linda Univ) Series 2017A | 5.00% | 04/01/42 (b) | 500,000 | 502,805 |
RB (Santa Clara Univ) Series 2015 | 5.00% | 04/01/45 (b) | 170,000 | 171,336 |
RB (Stanford Univ) Series V1 | 5.00% | 05/01/49 (b) | 200,000 | 215,151 |
RB (Stanford Univ) Series V2 | 2.25% | 04/01/51 (b) | 300,000 | 170,523 |
California Infrastructure & Economic Development Bank | ||||
RB (UCSF 2130 3rd St) Series 2017 | 5.00% | 05/15/42 (b) | 100,000 | 103,106 |
RB (UCSF 2130 3rd St) Series 2017 | 5.00% | 05/15/47 (b) | 200,000 | 204,761 |
RB Series 2023 | 4.00% | 10/01/47 (b) | 200,000 | 189,588 |
California Public Works Board | ||||
Lease RB Series 2014A | 5.00% | 09/01/27 (b) | 615,000 | 622,374 |
Lease RB Series 2021B | 4.00% | 05/01/46 (b) | 100,000 | 91,486 |
Lease RB Series 2021C | 5.00% | 11/01/46 (b) | 200,000 | 208,371 |
California State Univ | ||||
RB Series 2015A | 5.00% | 11/01/38 (b) | 60,000 | 60,851 |
RB Series 2015A | 4.00% | 11/01/43 (b) | 75,000 | 69,428 |
RB Series 2016A | 5.00% | 11/01/30 (b) | 200,000 | 206,888 |
RB Series 2017A | 5.00% | 11/01/27 (b) | 100,000 | 105,416 |
RB Series 2017A | 5.00% | 11/01/31 (b) | 50,000 | 52,498 |
Coast CCD | ||||
GO Bonds Series 2006B | 0.00% | 08/01/30 (c)(d) | 385,000 | 292,362 |
GO Bonds Series 2019F | 0.00% | 08/01/40 (b)(d) | 200,000 | 85,169 |
GO Refunding Bonds Series 2015 | 0.00% | 08/01/34 (a)(b)(d) | 150,000 | 95,247 |
Compton USD | ||||
GO Bonds Series 2019B | 4.00% | 06/01/49 (b)(c) | 150,000 | 135,027 |
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Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
East Bay Municipal Utility District | ||||
Water System Refunding RB Series 2014B | 5.00% | 06/01/25 | 310,000 | 317,337 |
Foothill Eastern Transportation Corridor Agency | ||||
Sr Lien RB Series 1995A | 0.00% | 01/01/24 (a)(d) | 100,000 | 99,053 |
Sr Lien Refunding RB Series 2021A | 4.00% | 01/15/46 (b) | 335,000 | 299,874 |
Sr Lien Toll RB Series A | 0.00% | 01/01/28 (a)(d) | 340,000 | 292,507 |
Toll Road Refunding RB Series 2013B2 | 3.50% | 01/15/53 (b) | 65,000 | 50,035 |
Golden State Tobacco Securitization Corp | ||||
RB Series 2015A | 5.00% | 06/01/45 (a)(b) | 120,000 | 122,645 |
Grossmont-Cuyamaca CCD | ||||
GO Bonds Series 2018B | 4.00% | 08/01/47 (b) | 130,000 | 120,589 |
Hayward USD | ||||
GO Bonds Series 2020 | 4.00% | 08/01/45 (b)(c) | 150,000 | 136,473 |
Los Angeles | ||||
Sub Refunding RB Series 2018B | 5.00% | 06/01/25 | 215,000 | 220,403 |
Los Angeles CCD | ||||
GO Bonds Series C1 | 5.00% | 08/01/25 | 60,000 | 61,690 |
GO Refunding Bonds Series 2015A | 5.00% | 08/01/30 (a)(b) | 250,000 | 252,734 |
GO Refunding Bonds Series 2015C | 5.00% | 08/01/25 | 155,000 | 159,365 |
GO Refunding Bonds Series 2016 | 4.00% | 08/01/37 (b) | 50,000 | 49,202 |
Los Angeles Cnty Metropolitan Transportation Auth | ||||
Jr Sub Sales Tax Refunding RB Series 2020A3 | 5.00% | 06/01/33 (b) | 100,000 | 105,886 |
Los Angeles Dept of Airports | ||||
Sr RB Series 2020D | 4.00% | 05/15/48 (b) | 200,000 | 184,003 |
Sr Refunding RB Series 2020A | 5.00% | 05/15/38 (b) | 125,000 | 133,026 |
Sub RB Series 2022B | 4.00% | 05/15/48 (b) | 150,000 | 137,171 |
Sub Refunding RB Series 2021B | 5.00% | 05/15/45 (b) | 140,000 | 146,519 |
Sub Refunding RB Series 2021B | 5.00% | 05/15/48 (b) | 100,000 | 104,021 |
Los Angeles Dept of Water & Power | ||||
Power System RB Series 2015A | 5.00% | 07/01/34 (b) | 200,000 | 203,300 |
Power System RB Series 2017A | 5.00% | 07/01/47 (b) | 100,000 | 101,620 |
Power System RB Series 2018B | 5.00% | 01/01/24 (b) | 200,000 | 200,445 |
Power System RB Series 2019D | 5.00% | 07/01/44 (b) | 250,000 | 259,025 |
Power System RB Series 2020B | 5.00% | 07/01/40 (b) | 235,000 | 250,087 |
Power System RB Series 2021B | 5.00% | 07/01/41 (b) | 100,000 | 106,422 |
Power System RB Series 2022A | 5.00% | 07/01/51 (b) | 250,000 | 259,040 |
Water System RB Series 2020A | 5.00% | 07/01/50 (b) | 100,000 | 103,471 |
Water System RB Series 2022B | 4.00% | 07/01/49 (b) | 100,000 | 90,608 |
Water System Refunding RB Series 2022C | 5.00% | 07/01/41 (b) | 245,000 | 264,222 |
Los Angeles Municipal Improvement Corp | ||||
Lease Refunding RB Series 2016B | 4.00% | 11/01/33 (b) | 80,000 | 80,234 |
Los Angeles USD | ||||
GO Bonds Series 2016A | 4.00% | 07/01/33 (b) | 150,000 | 150,676 |
GO Bonds Series 2018B1 | 5.00% | 07/01/33 (b) | 125,000 | 132,783 |
GO Bonds Series 2020C | 4.00% | 07/01/44 (b) | 150,000 | 139,801 |
GO Bonds Series 2020RYQ | 5.00% | 07/01/35 (b) | 150,000 | 163,538 |
GO Bonds Series 2020RYQ | 4.00% | 07/01/44 (b) | 200,000 | 186,402 |
GO Refunding Bonds Series 2014C | 5.00% | 07/01/25 (b) | 250,000 | 253,011 |
GO Refunding Bonds Series 2014C | 5.00% | 07/01/28 (b) | 385,000 | 388,379 |
GO Refunding Bonds Series 2017A | 5.00% | 07/01/25 | 200,000 | 205,565 |
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Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Newport-Mesa USD | ||||
GO Bonds Series 2011 | 0.00% | 08/01/33 (d) | 250,000 | 169,007 |
Oakland USD | ||||
GO Bonds Series 2021A | 4.00% | 08/01/46 (b)(c) | 195,000 | 180,848 |
Orange County Transportation Auth | ||||
BAN 2021 | 5.00% | 10/15/24 (a) | 210,000 | 213,044 |
Palomar CCD | ||||
GO Bonds Series D | 4.00% | 08/01/46 (b) | 100,000 | 91,220 |
Peninsula Corridor Joint Powers Board | ||||
Sales Tax RB Series 2022A | 5.00% | 06/01/51 (b) | 250,000 | 257,995 |
Rancho Santiago CCD | ||||
GO Bonds Series C | 0.00% | 09/01/30 (c)(d) | 90,000 | 67,671 |
Riverside Cnty Transportation Commission | ||||
Toll Sr Lien Refunding RB Series 2021B1 | 4.00% | 06/01/46 (b) | 150,000 | 131,105 |
Riverside County Public Finance Auth | ||||
Lease RB Series 2015 | 5.25% | 11/01/45 (a)(b) | 100,000 | 103,529 |
Sacramento Cnty | ||||
Airport System Sub Refunding RB Series 2016B | 5.00% | 07/01/41 (b) | 100,000 | 101,833 |
Sacramento Municipal Utility District | ||||
Electric RB Series 2020H | 4.00% | 08/15/45 (b) | 75,000 | 69,218 |
San Bernardino CCD | ||||
GO Bonds Series A | 4.00% | 08/01/49 (a)(b) | 60,000 | 61,430 |
San Diego Assoc of Governments | ||||
Capital Grant Receipts RB (Mid Coast Corridor Transit) Series 2019A | 5.00% | 11/15/25 (b) | 230,000 | 233,141 |
San Diego CCD | ||||
GO Bonds Series 2016 | 3.00% | 08/01/34 (b) | 60,000 | 53,736 |
GO Refunding Bonds Series 2016 | 5.00% | 08/01/29 (a)(b) | 145,000 | 151,190 |
San Diego Cnty Regional Airport Auth | ||||
Sub Airport RB Series 2021A | 4.00% | 07/01/46 (b) | 115,000 | 104,739 |
Sub Airport Refunding RB Series 2019A | 5.00% | 07/01/36 (b) | 55,000 | 58,624 |
San Diego Cnty Regional Transportation Commission | ||||
Sales Tax RB Series 2016A | 5.00% | 04/01/48 (b) | 200,000 | 203,030 |
San Diego Cnty Water Auth | ||||
Water Refunding RB Series 2021B | 4.00% | 05/01/34 (b) | 80,000 | 82,781 |
San Diego Public Facilities Financing Auth | ||||
Lease RB Series 2023A | 4.00% | 10/15/48 (b) | 125,000 | 115,253 |
Sub Sewer RB Series 2022A | 5.00% | 05/15/47 (b) | 15,000 | 15,679 |
Water Sub RB Series 2018A | 5.00% | 08/01/43 (b) | 200,000 | 207,304 |
San Diego USD | ||||
GO Bonds Series 2006F1 | 5.25% | 07/01/28 (c) | 90,000 | 98,107 |
GO Bonds Series 2016I | 0.00% | 07/01/36 (b)(d) | 175,000 | 96,616 |
GO Bonds Series 2017 I | 4.00% | 07/01/47 (b) | 100,000 | 93,051 |
GO Bonds Series 2020M2 | 4.00% | 07/01/50 (b) | 100,000 | 92,971 |
GO Refunding Bonds Series 2012R1 | 0.00% | 07/01/30 (d) | 50,000 | 38,392 |
GO Refunding Bonds Series 2016SR1 | 4.00% | 07/01/32 (b) | 220,000 | 221,223 |
Go Refunding Bonds Series R5 | 5.00% | 07/01/29 (b) | 115,000 | 119,856 |
San Francisco | ||||
Wastewater RB Series 2021A | 5.00% | 10/01/44 (b) | 200,000 | 209,746 |
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Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
San Francisco Airport Commission | ||||
RB 2nd Series 2014B | 5.00% | 05/01/44 (b) | 100,000 | 100,322 |
RB 2nd Series 2018E | 5.00% | 05/01/48 (b) | 100,000 | 102,282 |
Refunding RB 2nd Series 2019D | 5.00% | 05/01/33 (b) | 50,000 | 54,079 |
San Francisco Municipal Transportation Agency | ||||
RB Series 2017 | 4.00% | 03/01/46 (b) | 340,000 | 309,048 |
San Francisco Public Utilities Commission | ||||
Wastewater RB Series 2018A | 4.00% | 10/01/43 (b) | 200,000 | 186,724 |
Water RB Series 2020A | 5.00% | 11/01/50 (b) | 295,000 | 303,612 |
Water Refunding RB Series 2016A | 5.00% | 11/01/26 | 350,000 | 366,920 |
San Joaquin Hills Transportation Corridor Agency Toll | ||||
Jr Lien RB | 0.00% | 01/01/26 (a)(d) | 400,000 | 369,988 |
Toll Road Refunding RB Series 1997A | 0.00% | 01/15/25 (c)(d) | 50,000 | 47,399 |
San Mateo Cnty CCD | ||||
GO Bonds Series 2006B | 0.00% | 09/01/34 (c)(d) | 50,000 | 31,808 |
GO Bonds Series 2018B | 5.00% | 09/01/45 (b) | 150,000 | 155,845 |
San Mateo SD | ||||
ULT GO Bonds Series 2020B | 4.00% | 08/01/51 (b) | 150,000 | 139,210 |
Santa Clara Cnty | ||||
GO Refunding Bonds Series 2017C | 3.25% | 08/01/39 (b) | 70,000 | 58,663 |
Santa Monica CCD | ||||
GO Bonds Series 2018A | 4.00% | 08/01/47 (b) | 250,000 | 231,741 |
Southern California Metropolitan Water District | ||||
RB Series 2021A | 5.00% | 10/01/46 (b) | 100,000 | 105,369 |
Sub Water Refunding RB Series 2017A | 2.50% | 07/01/26 | 350,000 | 331,928 |
Sub Water Refunding RB Series 2017A | 2.50% | 07/01/27 | 285,000 | 267,925 |
Sunnyvale Financing Auth | ||||
Lease RB Series 2020 | 4.00% | 04/01/50 (b) | 250,000 | 227,442 |
Sweetwater UHSD | ||||
GO Bonds Series 2022A1 | 5.00% | 08/01/52 (b) | 175,000 | 179,064 |
Twin Rivers USD | ||||
GO Bonds Series 2016 | 0.00% | 08/01/41 (b)(c)(d) | 390,000 | 153,438 |
Univ of California | ||||
General RB Series 2015AO | 5.00% | 05/15/25 | 85,000 | 86,996 |
General RB Series 2015AO | 5.00% | 05/15/26 (b) | 55,000 | 56,195 |
General RB Series 2017AY | 5.00% | 05/15/27 | 75,000 | 79,477 |
General RB Series 2020BE | 5.00% | 05/15/41 (b) | 100,000 | 105,083 |
General RB Series 2023BN | 5.00% | 05/15/37 (b) | 250,000 | 276,402 |
Limited Project RB Series 2017M | 5.00% | 05/15/35 (b) | 90,000 | 94,190 |
Limited Project RB Series 2018O | 5.00% | 05/15/58 (b) | 245,000 | 250,592 |
Limited Project RB Series 2021Q | 4.00% | 05/15/51 (b) | 65,000 | 59,302 |
RB Series 2018AZ | 5.00% | 05/15/43 (b) | 170,000 | 175,932 |
RB Series 2018O | 4.00% | 05/15/48 (b) | 155,000 | 140,927 |
RB Series 2020BE | 4.00% | 05/15/47 (b) | 250,000 | 232,786 |
RB Series 2021Q | 5.00% | 05/15/46 (b) | 165,000 | 171,159 |
30,293,509 |
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Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
COLORADO 1.3% | ||||
Colorado | ||||
COP Series 2020A | 4.00% | 12/15/35 (b) | 150,000 | 147,987 |
COP Series 2020A | 4.00% | 12/15/39 (b) | 190,000 | 177,598 |
COP Series 2021A | 4.00% | 12/15/39 (b) | 25,000 | 23,368 |
Colorado High Performance Transportation Enterprise | ||||
Sr RB Series 2017 | 5.00% | 12/31/56 (b) | 75,000 | 69,837 |
Colorado Regional Transportation District | ||||
COP Series 2015A | 4.00% | 06/01/40 (b) | 50,000 | 44,451 |
Sales Tax RB Series 2016A | 5.00% | 11/01/46 (b) | 100,000 | 101,029 |
Colorado Springs | ||||
Utilities System Refunding RB Series 2022A | 5.00% | 11/15/30 | 75,000 | 81,649 |
Denver | ||||
RB Series 2021A | 4.00% | 08/01/51 (b) | 275,000 | 233,736 |
Denver SD #1 | ||||
GO Bonds Series 2022A | 5.00% | 12/01/45 (b)(c) | 200,000 | 207,502 |
E-470 Public Highway Auth | ||||
Sr RB Series 2004A | 0.00% | 09/01/28 (c)(d) | 115,000 | 93,682 |
Sr RB Series 2020A | 5.00% | 09/01/26 | 85,000 | 87,895 |
Jefferson Cnty SD #R1 | ||||
GO Bonds Series 2018 | 5.00% | 12/15/34 (b)(c) | 145,000 | 153,659 |
Larimer & Weld SD #RE5J | ||||
GO Bonds Series 2021 | 4.00% | 12/01/45 (b)(c) | 200,000 | 176,629 |
Weld Cnty SD #6 | ||||
GO Bonds Series 2021 | 4.00% | 12/01/45 (b)(c) | 200,000 | 178,048 |
Weld Cnty SD #RE2 | ||||
GO Bonds Series 2016 | 5.00% | 12/01/44 (b)(c) | 220,000 | 226,214 |
2,003,284 | ||||
CONNECTICUT 1.6% | ||||
Connecticut | ||||
GO Bonds Series 2016A | 5.00% | 03/15/32 (b) | 115,000 | 117,563 |
GO Bonds Series 2016A | 4.00% | 03/15/36 (b) | 50,000 | 48,085 |
GO Bonds Series 2016E | 5.00% | 10/15/24 | 55,000 | 55,648 |
GO Bonds Series 2016E | 3.00% | 10/15/32 (b) | 200,000 | 178,126 |
GO Bonds Series 2020A | 5.00% | 01/15/25 | 100,000 | 101,413 |
GO Bonds Series 2020A | 5.00% | 01/15/26 | 100,000 | 102,836 |
GO Bonds Series 2020A | 4.00% | 01/15/35 (b) | 180,000 | 180,431 |
GO Bonds Series 2021A | 4.00% | 01/15/29 | 70,000 | 71,343 |
GO Refunding Bonds Series 2022D | 5.00% | 09/15/25 | 145,000 | 148,222 |
GO Refunding Bonds Series 2022G | 5.00% | 11/15/27 | 210,000 | 221,448 |
Special Tax Obligation Bonds Series 2015A | 5.00% | 08/01/33 (b) | 425,000 | 431,173 |
Special Tax Obligation Bonds Series 2020A | 5.00% | 05/01/24 | 200,000 | 201,182 |
Special Tax Obligation Bonds Series 2020A | 5.00% | 05/01/34 (b) | 125,000 | 134,196 |
Special Tax Obligation Bonds Series 2020A | 4.00% | 05/01/36 (b) | 70,000 | 69,199 |
Transportation RB Series 2016A | 4.00% | 09/01/35 (b) | 170,000 | 166,341 |
Transportation RB Series 2020A | 5.00% | 05/01/27 | 250,000 | 261,459 |
2,488,665 |
7
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
DELAWARE 0.1% | ||||
Delaware Transportation Auth | ||||
RB Series 2015 | 5.00% | 06/01/55 (b) | 200,000 | 200,298 |
DISTRICT OF COLUMBIA 1.6% | ||||
District of Columbia | ||||
GO Bonds Series 2015A | 5.00% | 06/01/36 (b) | 100,000 | 101,109 |
GO Bonds Series 2019A | 5.00% | 10/15/33 (b) | 150,000 | 160,254 |
GO Bonds Series 2019A | 5.00% | 10/15/44 (b) | 240,000 | 246,114 |
GO Refunding Bonds Series 2017A | 5.00% | 06/01/34 (b) | 75,000 | 77,696 |
GO Refunding Bonds Series 2023B | 5.00% | 06/01/29 | 115,000 | 124,086 |
Income Tax Secured RB Series 2019A | 5.00% | 03/01/30 (b) | 220,000 | 237,118 |
Income Tax Secured RB Series 2019A | 4.00% | 03/01/44 (b) | 200,000 | 179,477 |
Income Tax Secured RB Series 2022A | 5.00% | 07/01/40 (b) | 250,000 | 264,507 |
Income Tax Secured RB Series 2022A | 5.00% | 07/01/41 (b) | 250,000 | 263,554 |
Refunding RB (Georgetown Univ) Series 2017 | 5.00% | 04/01/35 (b) | 70,000 | 71,557 |
Refunding RB Series 2020B | 5.00% | 10/01/29 | 295,000 | 319,339 |
Metropolitan Washington Airports Auth | ||||
Dulles Toll Road Sub Lien Refunding RB Series 2019B | 4.00% | 10/01/49 (b) | 60,000 | 50,415 |
Washington Metropolitan Transit Auth | ||||
RB Series 2020A | 5.00% | 07/15/45 (b) | 125,000 | 127,951 |
RB Series 2021A | 5.00% | 07/15/46 (b) | 280,000 | 287,016 |
2,510,193 | ||||
FLORIDA 2.8% | ||||
Broward Cnty | ||||
Airport System RB Series 2012Q1 | 4.00% | 10/01/42 (b) | 80,000 | 72,888 |
Water & Sewer Utility RB Series 2019A | 5.00% | 10/01/39 (b) | 125,000 | 130,793 |
Central Florida Expressway Auth | ||||
Sr Lien Refunding RB Series 2016B | 5.00% | 07/01/26 | 60,000 | 61,823 |
Sr Lien Refunding RB Series 2016B | 4.00% | 07/01/35 (b) | 60,000 | 56,762 |
Sr Lien Refunding RB Series 2017 | 5.00% | 07/01/42 (b) | 125,000 | 126,795 |
Sr Lien Refunding RB Series 2021 | 4.00% | 07/01/34 (b)(c) | 175,000 | 177,499 |
Duval Cnty School Board | ||||
COP Series 2022A | 5.00% | 07/01/32 (b)(c) | 100,000 | 106,551 |
Florida State Board of Education | ||||
Lottery Refunding RB Series 2017A | 5.00% | 07/01/27 | 165,000 | 173,305 |
Public Education Capital Outlay Refunding Bonds Series 2021A | 5.00% | 06/01/31 | 100,000 | 109,728 |
Public Education Capital Outlay Refunding Bonds Series 2021B | 5.00% | 06/01/29 | 125,000 | 134,943 |
Public Education Capital Outlay Refunding Bonds Series 2022C | 5.00% | 06/01/27 | 150,000 | 157,655 |
Public Education Refunding Bonds Series 2022C | 5.00% | 06/01/24 | 200,000 | 201,564 |
Fort Myers | ||||
Utility System Refunding RB Series 2019A | 4.00% | 10/01/44 (b) | 100,000 | 88,149 |
Fort Pierce Utilities Authority | ||||
Utilities Refunding RB Series 2022A | 4.00% | 10/01/52 (b) | 125,000 | 105,187 |
Hillsborough Cnty | ||||
RB Series 2021 | 2.25% | 08/01/51 (b) | 60,000 | 33,531 |
Hillsborough Cnty Aviation Auth | ||||
RB Series 2018F | 5.00% | 10/01/43 (b) | 115,000 | 117,493 |
8
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Manatee Cnty | ||||
Refunding RB Series 2022 | 4.00% | 10/01/52 (b) | 75,000 | 65,480 |
Miami-Dade Cnty | ||||
Facilities Tax RB Series 2009C | 0.00% | 10/01/44 (c)(d) | 500,000 | 163,147 |
GO Refunding Bonds Series 2015B | 4.00% | 07/01/34 (b) | 50,000 | 50,057 |
RB Series 2017B | 5.00% | 10/01/33 (b) | 100,000 | 101,299 |
RB Series 2022 | 5.00% | 07/01/49 (b) | 200,000 | 203,609 |
Refunding RB Series 2009A | 6.88% | 10/01/34 (b)(c) | 240,000 | 281,257 |
Water & Sewer Refunding RB Series 2015 | 5.00% | 10/01/25 | 270,000 | 276,257 |
Water & Sewer System RB Series 2021 | 4.00% | 10/01/44 (b) | 25,000 | 22,575 |
Water & Sewer System RB Series 2021 | 4.00% | 10/01/46 (b) | 150,000 | 132,656 |
Miami-Dade Cnty Expressway Auth | ||||
Toll System RB Series 2014A | 5.00% | 07/01/39 (b) | 75,000 | 74,590 |
Miami-Dade Cnty Transit System | ||||
Transit System Sales Surtax Refunding RB Series 2017 | 4.00% | 07/01/38 (b) | 180,000 | 170,528 |
Miami-Dade School Board | ||||
COP Series 2016C | 3.25% | 02/01/33 (b) | 150,000 | 136,445 |
Orange Cnty School Board | ||||
COP Series 2016C | 5.00% | 08/01/34 (b) | 150,000 | 153,151 |
Orlando Utilities Commission | ||||
Utility System Refunding RB Series 2013A | 5.00% | 10/01/23 | 75,000 | 75,000 |
Utility System Refunding RB Series 2013A | 5.00% | 10/01/24 (b) | 65,000 | 65,743 |
Palm Beach Cnty School Board | ||||
COP Series 2020A | 5.00% | 08/01/34 (b) | 50,000 | 53,488 |
South Florida Water Management District COP | ||||
Refunding COP Series 2015 | 5.00% | 10/01/35 (b) | 175,000 | 178,372 |
Tampa | ||||
Tax Bonds ( H. Lee Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/45 (b)(d) | 300,000 | 83,615 |
Water & Wastewater RB Series 2022A | 5.25% | 10/01/57 (b) | 200,000 | 208,492 |
Tampa Bay Water | ||||
Utility System RB Series 2022 | 5.00% | 10/01/52 (b) | 35,000 | 35,978 |
4,386,405 | ||||
GEORGIA 2.1% | ||||
Atlanta | ||||
Water & Wastewater Refunding RB Series 2015 | 5.00% | 11/01/40 (b) | 60,000 | 60,293 |
Water & Wastewater Refunding RB Series 2018B | 5.00% | 11/01/43 (b) | 100,000 | 101,245 |
Atlanta Airport | ||||
Airport Facility Sub Lien RB Series 2019C | 5.00% | 07/01/36 (b) | 235,000 | 246,760 |
De Kalb Cnty | ||||
Water & Sewer 2nd Resolution RB Series 2022 | 5.00% | 10/01/52 (b) | 100,000 | 102,868 |
Water & Sewerage RB Series 2022 | 5.00% | 10/01/41 (b) | 225,000 | 237,117 |
Fulton Cnty | ||||
Water & Sewerage RB Series 2020A | 2.25% | 01/01/43 (b) | 150,000 | 95,096 |
Georgia | ||||
GO Bonds Series 2017A | 5.00% | 02/01/31 (b) | 200,000 | 208,075 |
GO Bonds Series 2019A | 5.00% | 07/01/29 | 200,000 | 216,544 |
GO Bonds Series 2020A | 5.00% | 08/01/32 (b) | 200,000 | 218,573 |
GO Bonds Series 2020A | 4.00% | 08/01/34 (b) | 140,000 | 142,848 |
GO Bonds Series 2021A | 5.00% | 07/01/33 (b) | 100,000 | 110,358 |
9
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds Series 2021A | 4.00% | 07/01/34 (b) | 80,000 | 81,831 |
GO Bonds Series 2021A | 4.00% | 07/01/38 (b) | 200,000 | 195,358 |
Georgia Municipal Electric Auth | ||||
Plant Vogtle Units 3 & 4 Project J Bonds Series 2023A | 5.00% | 07/01/64 (b)(c) | 200,000 | 201,066 |
RB Series 2019A | 5.00% | 01/01/49 (b) | 100,000 | 96,949 |
RB Series 2019B | 5.00% | 01/01/59 (b) | 40,000 | 37,688 |
Georgia Port Auth | ||||
RB Series 2021 | 4.00% | 07/01/46 (b) | 10,000 | 9,012 |
RB Series 2021 | 2.63% | 07/01/51 (b) | 100,000 | 61,398 |
RB Series 2022 | 4.00% | 07/01/52 (b) | 125,000 | 108,783 |
Gwinnett Cnty SD | ||||
Sales Tax GO Bonds Series 2022B | 5.00% | 08/01/27 | 80,000 | 84,434 |
Metropolitan Atlanta Rapid Transit Auth | ||||
Sales Tax Refunding RB Series 2016B | 5.00% | 07/01/33 (b) | 120,000 | 123,735 |
Sales Tax Refunding RB Series 2017C | 3.25% | 07/01/37 (b) | 100,000 | 85,552 |
Private Colleges & Universities Auth | ||||
RB (Emory Univ) Series 2020B | 5.00% | 09/01/25 | 250,000 | 255,754 |
Sandy Springs Public Facilities Auth | ||||
RB Series 2015 | 5.00% | 05/01/41 (a)(b) | 190,000 | 196,349 |
3,277,686 | ||||
HAWAII 0.6% | ||||
Hawaii | ||||
GO Bonds Series 2017FK | 4.00% | 05/01/31 (b) | 250,000 | 249,573 |
GO Refunding Bonds Series 2016FH | 4.00% | 10/01/31 (b) | 150,000 | 148,992 |
Honolulu | ||||
GO Bonds Series 2015A | 5.00% | 10/01/39 (b) | 180,000 | 181,620 |
GO Bonds Series 2021E | 5.00% | 03/01/31 | 285,000 | 311,171 |
891,356 | ||||
ILLINOIS 5.9% | ||||
Chicago | ||||
2nd Lien Water RB Series 2014 | 5.00% | 11/01/39 (b) | 225,000 | 222,162 |
2nd Lien Water Refunding RB Series 2023B | 4.00% | 11/01/40 (b)(c) | 100,000 | 91,376 |
GO Bonds Series 1999 | 0.00% | 01/01/34 (c)(d) | 60,000 | 35,526 |
GO Bonds Series 2019A | 5.50% | 01/01/49 (b) | 100,000 | 100,312 |
GO Bonds Series 2023A | 5.00% | 01/01/35 (b) | 50,000 | 51,228 |
GO Bonds Series 2023A | 5.50% | 01/01/43 (b) | 500,000 | 506,037 |
GO Refunding Bonds Series 2020A | 5.00% | 01/01/29 | 180,000 | 185,886 |
Chicago Board of Education | ||||
Dedicated Tax Bonds Series 2016 | 6.10% | 04/01/36 (b) | 130,000 | 136,823 |
Dedicated Tax Bonds Series 2023 | 5.00% | 04/01/45 (b) | 200,000 | 197,934 |
Chicago O’Hare International Airport | ||||
Airport Sr Lien Refunding RB Series 2020A | 4.00% | 01/01/35 (b) | 200,000 | 196,628 |
General Airport Sr Lien RB Series 2018B | 5.00% | 01/01/39 (b) | 60,000 | 61,245 |
General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/33 (b) | 125,000 | 125,918 |
OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/25 | 50,000 | 50,550 |
OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/30 (b) | 80,000 | 80,642 |
OHare General Airport Sr Lien Refunding RB Series 2020A | 5.00% | 01/01/34 (b) | 55,000 | 58,347 |
Sr Lien RB Series 2018B | 5.00% | 01/01/38 (b) | 100,000 | 102,341 |
Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/26 (b) | 150,000 | 151,385 |
10
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Chicago Transit Auth Sales Tax | ||||
2nd Lien Sales Tax RB Series 2017 | 5.00% | 12/01/51 (b) | 155,000 | 154,124 |
2nd Lien Sales Tax RB Series 2020A | 5.00% | 12/01/55 (b) | 85,000 | 84,102 |
Cook Cnty | ||||
Sales Tax RB Series 2021A | 4.00% | 11/15/40 (b) | 250,000 | 226,409 |
Cook Cnty Sales Tax Revenue | ||||
Sales Tax RB Series 2021A | 4.00% | 11/15/41 (b) | 225,000 | 202,482 |
Illinois | ||||
GO Bonds Series 2014 | 5.25% | 02/01/29 (b) | 200,000 | 200,243 |
GO Bonds Series 2017C | 5.00% | 11/01/29 (b) | 525,000 | 540,620 |
GO Bonds Series 2017D | 5.00% | 11/01/25 | 95,000 | 96,614 |
GO Bonds Series 2017D | 5.00% | 11/01/26 | 160,000 | 164,152 |
GO Bonds Series 2019B | 4.00% | 11/01/38 (b) | 200,000 | 179,376 |
GO Bonds Series 2020 | 5.50% | 05/01/39 (b) | 265,000 | 276,622 |
GO Bonds Series 2020 | 5.75% | 05/01/45 (b) | 250,000 | 260,773 |
GO Bonds Series 2020B | 5.00% | 10/01/30 | 50,000 | 52,623 |
GO Bonds Series 2022A | 5.25% | 03/01/38 (b) | 150,000 | 154,975 |
GO Bonds Series 2022A | 5.50% | 03/01/42 (b) | 175,000 | 182,713 |
GO Refunding Bonds Series 2016 | 5.00% | 02/01/24 | 345,000 | 345,769 |
GO Refunding Bonds Series 2016 | 5.00% | 02/01/25 | 150,000 | 151,565 |
GO Refunding Bonds Series 2022B | 5.00% | 03/01/33 (b) | 150,000 | 157,656 |
GO Refunding Bonds Series 2023D | 5.00% | 07/01/36 (b) | 100,000 | 102,846 |
Illinois Finance Auth | ||||
RB (Univ of Chicago) Series 2015A | 5.00% | 10/01/40 (b) | 500,000 | 502,701 |
RB Series 2017 | 5.00% | 07/01/35 (b) | 75,000 | 77,815 |
Illinois Municipal Electric Agency | ||||
Power System Refunding RB Series 2015A | 4.00% | 02/01/34 (b) | 300,000 | 282,769 |
Illinois Toll Highway Auth | ||||
Refunding RB Series 2018A | 5.00% | 01/01/29 | 265,000 | 282,877 |
Sr RB Series 2020A | 5.00% | 01/01/45 (b) | 200,000 | 204,471 |
Toll Highway Sr RB Series 2014C | 5.00% | 01/01/36 (b) | 50,000 | 50,365 |
Toll Highway Sr RB Series 2017A | 5.00% | 01/01/42 (b) | 100,000 | 101,527 |
Toll Highway Sr RB Series 2021A | 4.00% | 01/01/46 (b) | 50,000 | 44,347 |
Toll Highway Sr RB Series 2023A | 5.00% | 01/01/44 (b) | 75,000 | 77,367 |
Toll Sr RB Series 2021A | 5.00% | 01/01/46 (b) | 250,000 | 254,466 |
Metropolitan Pier & Exposition Auth | ||||
RB Series 2002A | 0.00% | 06/15/34 (c)(d) | 325,000 | 198,610 |
RB Series 2002A | 0.00% | 12/15/39 (c)(d) | 200,000 | 87,908 |
RB Series 2015A | 5.00% | 06/15/53 (b) | 100,000 | 96,013 |
Refunding Bonds (McCormick Place Expansion) Series 2020A | 5.00% | 06/15/50 (b) | 200,000 | 193,356 |
Refunding Bonds (McCormick Place) Series 2010B1 | 0.00% | 06/15/47 (c)(d) | 225,000 | 65,104 |
Refunding Bonds Series 2010B-1 | 0.00% | 06/15/43 (d) | 250,000 | 90,583 |
Refunding RB (McCormick Place Expansion) Series 2020A | 4.00% | 06/15/50 (b) | 125,000 | 101,431 |
Metropolitan Water Reclamation District of Greater Chicago | ||||
ULT GO Bonds Series 2016C | 5.00% | 12/01/45 (b) | 100,000 | 99,173 |
ULT GO Refunding Bonds Series 2016A | 5.00% | 12/01/25 | 80,000 | 81,879 |
Rosemont | ||||
GO Bonds Series 2016A | 5.00% | 12/01/46 (b)(c) | 110,000 | 110,599 |
Sales Tax Securitization Corp | ||||
2nd Lien Sales Tax Securitization Bonds Series 2020A | 5.00% | 01/01/30 | 150,000 | 158,167 |
11
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Schaumburg | ||||
GO Refunding Bonds Series 2013A | 4.00% | 12/01/41 (b) | 50,000 | 45,650 |
Univ of Illinois | ||||
Auxiliary Facilities RB Series 2018A | 4.13% | 04/01/48 (b)(c) | 100,000 | 88,205 |
9,183,387 | ||||
INDIANA 0.2% | ||||
Indiana Finance Auth | ||||
State Revolving Fund RB Series 2019A | 5.00% | 02/01/36 (b) | 60,000 | 63,126 |
State Revolving Fund Refunding Bonds Series 2015B | 5.00% | 02/01/24 | 90,000 | 90,313 |
Indianapolis Local Public Improvement Bond Bank | ||||
RB Series 1999E | 0.00% | 02/01/28 (c)(d) | 250,000 | 209,447 |
362,886 | ||||
IOWA 0.2% | ||||
Iowa | ||||
Special Obligation Refunding RB Series 2019A | 5.00% | 06/01/34 (b) | 145,000 | 154,226 |
Iowa Higher Education Loan Auth | ||||
RB (Grinnell College) Series 2017 | 5.00% | 12/01/46 (b) | 220,000 | 222,044 |
376,270 | ||||
KANSAS 0.1% | ||||
Kansas Department of Transportation | ||||
Highway RB Series 2015B | 5.00% | 09/01/25 | 125,000 | 127,784 |
KENTUCKY 0.7% | ||||
Kentucky Municipal Power Agency | ||||
Power System Refunding RB Series 2015A | 4.00% | 09/01/39 (b)(c) | 325,000 | 283,338 |
Kentucky State Property & Buildings Commission | ||||
Refunding RB Series B | 5.00% | 11/01/25 | 285,000 | 291,513 |
Refunding RB Series B | 5.00% | 11/01/26 | 250,000 | 257,651 |
Kentucky Turnpike Auth | ||||
Economic Development Road Refunding RB Series 2017B | 5.00% | 07/01/25 | 255,000 | 259,363 |
Louisville & Jefferson Cnty Metro Sewer District | ||||
Sewer & Drainage System RB Series 2013B | 4.00% | 05/15/37 (b) | 25,000 | 23,632 |
1,115,497 | ||||
LOUISIANA 1.6% | ||||
East Baton Rouge Parish IDB | ||||
RB (ExxonMobil) Series 2010B | 4.65% | 12/01/40 (b)(e) | 1,555,000 | 1,555,000 |
Louisiana | ||||
GO Refunding Bonds Series 2016B | 5.00% | 08/01/26 | 150,000 | 154,930 |
Refunding RB Bonds Series 2015A | 4.50% | 05/01/39 (a)(b) | 250,000 | 252,557 |
Louisiana Public Facilities Auth | ||||
Refunding RB (Tulane Univ) Series 2020A | 5.00% | 04/01/45 (b) | 250,000 | 252,548 |
Louisiana Stadium & Exposition District | ||||
Sr RB Series 2023A | 5.25% | 07/01/53 (b) | 200,000 | 204,514 |
New Orleans | ||||
Water Refunding RB Series 2014 | 5.00% | 12/01/44 (a)(b) | 100,000 | 101,283 |
2,520,832 |
12
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
MARYLAND 1.8% | ||||
Baltimore Cnty | ||||
GO Bonds | 5.00% | 03/01/53 (b) | 200,000 | 207,961 |
Maryland | ||||
GO Bonds 2nd Series 2017A | 5.00% | 08/01/27 | 315,000 | 332,344 |
GO Bonds 2nd Series 2019A | 2.13% | 08/01/33 (b) | 290,000 | 234,040 |
Refunding Bonds 2nd Series 2021D | 4.00% | 08/01/29 | 90,000 | 92,674 |
ULT GO Bonds Series 2017 | 5.00% | 03/15/29 (b) | 300,000 | 313,817 |
ULT GO Bonds Series 2017B | 5.00% | 08/01/25 | 275,000 | 281,076 |
Maryland Dept of Transportation | ||||
Consolidated Bonds Series 2021A | 2.13% | 10/01/36 (b) | 190,000 | 138,906 |
Consolidated Transportation Bonds Series 2019 | 2.13% | 10/01/31 (b) | 140,000 | 116,893 |
RB Series 2018 | 5.00% | 10/01/26 | 180,000 | 187,074 |
Transportation Bonds Series 2018 | 5.00% | 10/01/28 (b) | 85,000 | 88,560 |
Transportation Bonds Series 2019 | 2.50% | 10/01/33 (b) | 160,000 | 133,837 |
Maryland Health & Higher Educational Facilities Auth | ||||
RB (Anne Arundel Health System) Series 2014 | 4.00% | 07/01/39 (a)(b) | 245,000 | 245,068 |
Maryland Transportation Auth | ||||
Transportation Facilities RB Series 2020 | 4.00% | 07/01/50 (b) | 150,000 | 130,465 |
Prince Georges Cnty | ||||
GO Bonds Series 2018A | 5.00% | 07/15/29 (b) | 245,000 | 261,357 |
2,764,072 | ||||
MASSACHUSETTS 4.1% | ||||
Massachusetts | ||||
GO Bonds 2016J | 4.00% | 12/01/44 (b) | 250,000 | 228,308 |
GO Bonds Series 2020E | 5.00% | 11/01/50 (b) | 300,000 | 308,231 |
GO Bonds Series 2015A | 4.00% | 05/01/35 (b) | 100,000 | 97,996 |
GO Bonds Series 2015B | 4.00% | 05/01/39 (b) | 100,000 | 94,304 |
GO Bonds Series 2015E | 3.25% | 09/01/40 (b) | 110,000 | 90,605 |
GO Bonds Series 2016E | 4.00% | 04/01/35 (b) | 45,000 | 44,136 |
GO Bonds Series 2016H | 5.00% | 12/01/26 | 75,000 | 78,283 |
GO Bonds Series 2017D | 5.00% | 02/01/36 (b) | 65,000 | 67,318 |
GO Bonds Series 2017E | 5.00% | 11/01/31 (b) | 150,000 | 158,073 |
GO Bonds Series 2018D | 4.00% | 05/01/48 (b) | 200,000 | 177,973 |
GO Bonds Series 2019E | 5.00% | 05/01/31 (b) | 200,000 | 201,138 |
GO Bonds Series 2020D | 3.00% | 07/01/35 (b) | 200,000 | 175,377 |
GO Bonds Series 2020D | 5.00% | 07/01/40 (b) | 105,000 | 109,993 |
GO Bonds Series 2020E | 5.00% | 11/01/45 (b) | 250,000 | 259,084 |
GO Bonds Series 2021A | 3.00% | 03/01/36 (b) | 250,000 | 215,840 |
GO Bonds Series 2021D | 5.00% | 09/01/50 (b) | 250,000 | 257,532 |
GO Bonds Series E | 3.00% | 11/01/34 (b) | 115,000 | 102,229 |
GO Refunding Bonds Series 2006B | 5.25% | 09/01/24 (c) | 250,000 | 253,462 |
GO Refunding Bonds Series 2016C | 5.00% | 10/01/24 | 190,000 | 192,431 |
GO Refunding Bonds Series 2017E | 5.00% | 11/01/26 | 140,000 | 145,934 |
GO Refunding Bonds Series 2017E | 5.00% | 11/01/27 | 145,000 | 153,671 |
GO Refunding Bonds Series 2020D | 4.00% | 11/01/41 (b) | 150,000 | 138,816 |
Highway Notes Series 2014A | 5.00% | 06/15/27 (b) | 60,000 | 60,445 |
13
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Massachusetts Bay Transportation Auth | ||||
Assessment Bonds Series 2022A1 | 3.13% | 07/01/41 (b) | 50,000 | 39,665 |
Sr Sales Tax Bonds Series 2005A | 5.00% | 07/01/25 | 145,000 | 148,095 |
Sub Sales Tax BAN RB Series 2021 | 4.00% | 05/01/25 (a) | 205,000 | 204,610 |
Sub Sales Tax BAN RB Series 2021 | 4.00% | 05/01/25 | 15,000 | 15,060 |
Massachusetts Development Finance Agency | ||||
RB (Boston Univ) Series 2013X | 5.00% | 10/01/48 (b) | 170,000 | 170,000 |
RB (Emerson College) Series 2016A | 5.00% | 01/01/47 (b) | 200,000 | 188,412 |
RB (Harvard Univ) Series 2016A | 5.00% | 07/15/24 | 250,000 | 252,496 |
RB (Harvard Univ) Series 2016A | 5.00% | 07/15/26 | 275,000 | 286,380 |
RB (Northeastern Univ) Series 2022 | 5.00% | 10/01/44 (b) | 85,000 | 88,537 |
Massachusetts School Building Auth | ||||
Sub Sales Tax Bonds Series 2018A | 5.25% | 02/15/48 (b) | 200,000 | 205,534 |
Sub Sales Tax Series 2018B | 5.25% | 02/15/48 (b) | 350,000 | 359,684 |
Massachusetts Transportation Fund | ||||
RB Series 2022B | 5.00% | 06/01/52 (b) | 300,000 | 311,365 |
Refunding RB Series 2021A | 5.00% | 06/01/43 (b) | 130,000 | 135,791 |
Massachusetts Water Resources Auth | ||||
General Refunding RB Series 2016C | 5.00% | 08/01/40 (a)(b) | 200,000 | 207,444 |
Refunding RB Series 2016C | 5.00% | 08/01/33 (a)(b) | 100,000 | 103,722 |
6,327,974 | ||||
MICHIGAN 0.9% | ||||
Great Lakes Water Auth | ||||
Sewage Disposal System Sr Lien Refunding RB Series 2016B | 5.00% | 07/01/30 (b) | 110,000 | 113,081 |
Lansing | ||||
Utility System RB Series 2019A | 5.00% | 07/01/48 (b) | 25,000 | 25,212 |
Michigan | ||||
State Trunk Line Bonds Series 2021A | 4.00% | 11/15/36 (b) | 90,000 | 88,124 |
Trunk Line Fund Bonds Series 2020B | 4.00% | 11/15/45 (b) | 150,000 | 135,063 |
Michigan Building Auth | ||||
Refunding RB Series 2015I | 5.00% | 04/15/33 (b) | 150,000 | 153,010 |
Refunding RB Series 2015I | 5.00% | 04/15/38 (b) | 100,000 | 101,263 |
Refunding RB Series 2016I | 5.00% | 10/15/31 (b) | 100,000 | 103,175 |
Michigan Finance Auth | ||||
Clean Water Revolving Fund Refunding RB Series 2016B | 5.00% | 10/01/29 (b) | 100,000 | 104,102 |
RB (Public Lighting Auth) Series 2014B | 5.00% | 07/01/39 (b) | 200,000 | 188,551 |
Water System 2nd Lien Refunding RB Series 2014D6 | 5.00% | 07/01/36 (b)(c) | 100,000 | 100,228 |
Univ of Michigan | ||||
General RB Series 2017A | 5.00% | 04/01/25 | 75,000 | 76,416 |
Wayne Cnty Airport Auth | ||||
Airport RB Series 2021A | 5.00% | 12/01/46 (b) | 220,000 | 222,060 |
1,410,285 | ||||
MINNESOTA 0.4% | ||||
Minneapolis Metropolitan Council | ||||
ULT GO Series 2021C | 5.00% | 12/01/26 | 115,000 | 119,893 |
14
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Minnesota | ||||
GO Bonds Series 2021A | 4.00% | 09/01/40 (b) | 200,000 | 192,197 |
GO Refunding Bonds Series 2017D | 5.00% | 10/01/23 | 250,000 | 250,000 |
State General Refunding RB Series 2022A | 5.00% | 03/01/27 | 100,000 | 104,544 |
666,634 | ||||
MISSISSIPPI 0.8% | ||||
Mississippi | ||||
GO Bonds Series 2019B | 4.00% | 10/01/39 (b) | 150,000 | 143,443 |
GO Refunding Bonds Series 2017A | 5.00% | 10/01/34 (a)(b) | 75,000 | 79,130 |
Mississippi Business Finance Corp | ||||
Gulf Opportunity Zone IDRB (Chevron) Series 2011D | 4.65% | 11/01/35 (b)(e) | 500,000 | 500,000 |
IDRB (Chevron) Series 2010H | 4.65% | 11/01/35 (b)(e) | 400,000 | 400,000 |
West Ranking Utility Auth | ||||
RB Series 2018 | 5.00% | 01/01/48 (a)(b)(c) | 50,000 | 52,737 |
1,175,310 | ||||
MISSOURI 0.3% | ||||
Missouri Health & Educational Facilities Auth | ||||
Educational Facilities RB (St Louis Univ) Series 2019A | 5.00% | 10/01/46 (b) | 55,000 | 56,007 |
Missouri Jt Municipal Electric Utility Commission | ||||
Power Refunding RB (Prairie State) Series 2016A | 5.00% | 12/01/40 (b) | 50,000 | 49,753 |
Univ of Missouri Curators | ||||
System Facilities RB Series 2020B | 5.00% | 11/01/30 | 325,000 | 355,167 |
460,927 | ||||
NEBRASKA 0.1% | ||||
Omaha Public Power District | ||||
Electric System RB Series 2017A | 4.00% | 02/01/42 (b) | 75,000 | 68,914 |
Electric System RB Series 2019A | 5.00% | 02/01/31 (b) | 110,000 | 116,791 |
185,705 | ||||
NEVADA 0.7% | ||||
Clark Cnty | ||||
Airport System Sub Refunding RB Series 2019D | 5.00% | 07/01/25 | 100,000 | 101,846 |
GO Bonds Series 2018A | 5.00% | 06/01/43 (b) | 165,000 | 168,693 |
Clark Cnty SD | ||||
GO Refunding Bonds Series 2017A | 5.00% | 06/15/25 | 200,000 | 203,294 |
Las Vegas Valley Water District | ||||
Refunding GO Bonds Series 2015 | 5.00% | 06/01/39 (b) | 270,000 | 271,665 |
Water Improvement GO Bonds Series 2022A | 4.00% | 06/01/51 (b) | 250,000 | 218,601 |
Water Improvement GO Refunding Bonds Series 2016A | 5.00% | 06/01/46 (b) | 200,000 | 201,271 |
1,165,370 | ||||
NEW JERSEY 4.5% | ||||
Hudson Cnty Improvement Auth | ||||
Lease RB (Hudson Cnty Courthouse) Series 2020 | 4.00% | 10/01/51 (b) | 150,000 | 128,508 |
New Jersey | ||||
GO Bonds | 4.00% | 06/01/33 (b) | 150,000 | 150,114 |
GO Bonds Series 2020A | 5.00% | 06/01/27 | 150,000 | 156,972 |
15
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds Series 2020A | 5.00% | 06/01/28 | 200,000 | 211,618 |
GO Bonds Series 2020A | 4.00% | 06/01/30 | 60,000 | 61,137 |
GO Bonds Series 2020A | 4.00% | 06/01/31 | 140,000 | 142,041 |
ULT GO Series 2020A | 5.00% | 06/01/29 | 305,000 | 325,540 |
New Jersey Economic Development Auth | ||||
RB Series 2016AAA | 5.00% | 06/15/41 (a)(b) | 190,000 | 198,178 |
Refunding Bonds Series 2005N1 | 5.50% | 09/01/26 (c) | 140,000 | 145,858 |
Refunding RB Series 2016 BBB | 5.50% | 06/15/31 (a)(b) | 75,000 | 79,353 |
State Lease RB Series 2018A | 5.00% | 06/15/47 (b) | 250,000 | 250,304 |
Transportation Bonds Series 2022A | 5.00% | 11/01/52 (b) | 195,000 | 195,200 |
New Jersey Transportation Trust Fund Auth | ||||
RB Series 2016A1 | 5.00% | 06/15/28 (b) | 420,000 | 428,465 |
RB Series 2016A1 | 4.10% | 06/15/31 (b) | 525,000 | 523,246 |
RB Series 2018A | 5.00% | 06/15/31 (b) | 290,000 | 295,102 |
RB Series 2021A | 5.00% | 06/15/31 | 100,000 | 106,836 |
Transportation Bonds Series 2019BB | 5.00% | 06/15/50 (b) | 145,000 | 145,371 |
Transportation Bonds Series 2020AA | 5.00% | 06/15/50 (b) | 200,000 | 201,890 |
Transportation Program Bonds Series 2014AA | 5.00% | 06/15/38 (b) | 60,000 | 60,032 |
Transportation Program Bonds Series 2015AA | 4.75% | 06/15/38 (b) | 65,000 | 65,247 |
Transportation Program Notes Series 2014 BB1 | 5.00% | 06/15/33 (b) | 80,000 | 82,855 |
Transportation Program RB Series 2014AA | 4.25% | 06/15/44 (b) | 30,000 | 27,614 |
Transportation RB Series 2019BB | 3.50% | 06/15/46 (b) | 125,000 | 98,731 |
Transportation RB Series 2020AA | 4.00% | 06/15/50 (b) | 160,000 | 139,273 |
Transportation System Bonds Series 2006C | 0.00% | 12/15/28 (c)(d) | 50,000 | 40,248 |
Transportation System Bonds Series 2009A | 0.00% | 12/15/33 (b)(d) | 130,000 | 81,828 |
Transportation System Bonds Series 2009C | 5.25% | 06/15/32 (b) | 100,000 | 100,875 |
Transportation System Bonds Series 2018A | 5.00% | 12/15/34 (b) | 365,000 | 376,771 |
Transportation System RB Series 2006C | 0.00% | 12/15/24 (c)(d) | 75,000 | 71,299 |
Transportation System RB Series 2009A | 0.00% | 12/15/34 (d) | 125,000 | 74,823 |
Transportation System RB Series 2010A | 0.00% | 12/15/28 (d) | 700,000 | 563,182 |
Transportation System RB Series 2010A | 0.00% | 12/15/40 (b)(d) | 250,000 | 102,656 |
Transportation System RB Series 2021A | 4.00% | 06/15/34 (b) | 15,000 | 14,782 |
Transportation System RB Series 2021A | 4.00% | 06/15/35 (b) | 215,000 | 210,180 |
New Jersey Turnpike Auth | ||||
RB Series 2014A | 4.00% | 01/01/35 (b) | 125,000 | 118,598 |
RB Series 2015E | 3.38% | 01/01/31 (b) | 50,000 | 47,433 |
RB Series 2015E | 5.00% | 01/01/45 (b) | 150,000 | 150,721 |
RB Series 2017B | 4.00% | 01/01/37 (b) | 95,000 | 92,290 |
Refunding RB Series 2005D3 | 5.25% | 01/01/26 (c) | 300,000 | 309,317 |
Turnpike RB Series 2017A | 5.00% | 01/01/34 (b) | 185,000 | 191,125 |
Turnpike RB Series 2017B | 5.00% | 01/01/33 (b) | 55,000 | 57,685 |
Turnpike RB Series 2019A | 4.00% | 01/01/48 (b) | 155,000 | 136,098 |
6,959,396 | ||||
NEW MEXICO 0.1% | ||||
New Mexico Finance Auth | ||||
RB Series 2018A | 5.00% | 06/15/24 | 155,000 | 156,249 |
16
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
NEW YORK 24.0% | ||||
Hudson Yards Infrastructure | ||||
2nd Indenture RB Fiscal 2017 Series A | 4.00% | 02/15/36 (b) | 290,000 | 287,582 |
2nd Indenture RB Fiscal 2017 Series A | 4.00% | 02/15/44 (b) | 100,000 | 89,218 |
Long Island Power Auth | ||||
Electric System RB Series 2016B | 5.00% | 09/01/41 (b) | 190,000 | 193,125 |
Electric System RB Series 2018 | 5.00% | 09/01/35 (b) | 115,000 | 120,278 |
Electric System RB Series 2018 | 5.00% | 09/01/38 (b) | 120,000 | 123,559 |
Metropolitan Transportation Auth | ||||
Dedicated Tax Fund Bonds Series 2017A | 5.00% | 11/15/35 (b) | 115,000 | 119,226 |
Dedicated Tax Fund Refunding Bonds Series 2012A | 0.00% | 11/15/30 (d) | 150,000 | 110,682 |
RB Series 2012E | 4.00% | 11/15/38 (b) | 200,000 | 181,135 |
RB Series 2012H | 3.63% | 11/15/37 (b) | 150,000 | 126,438 |
RB Series 2013A | 5.00% | 11/15/43 (b) | 200,000 | 195,273 |
RB Series 2017B | 5.00% | 11/15/25 | 100,000 | 101,627 |
RB Series 2017D | 4.00% | 11/15/42 (b) | 205,000 | 178,340 |
RB Series 2020A1 | 4.00% | 11/15/52 (b) | 100,000 | 81,436 |
Refunding RB Series 2017B | 5.00% | 11/15/27 | 205,000 | 211,083 |
Refunding RB Series 2017C2 | 0.00% | 11/15/40 (d) | 405,000 | 159,406 |
Transportation RB Series 2012C | 4.25% | 11/15/42 (b) | 250,000 | 223,956 |
Transportation RB Series 2013A | 5.00% | 11/15/38 (b) | 85,000 | 84,372 |
Transportation RB Series 2013C | 4.00% | 11/15/43 (b) | 200,000 | 172,573 |
Transportation RB Series 2013D | 5.00% | 11/15/38 (b) | 70,000 | 69,483 |
Transportation RB Series 2013E | 5.00% | 11/15/38 (b) | 155,000 | 153,855 |
Transportation RB Series 2014D1 | 5.00% | 11/15/39 (b) | 125,000 | 123,901 |
Transportation RB Series 2019C | 5.00% | 11/15/40 (b) | 175,000 | 175,624 |
Transportation RB Series 2020C1 | 5.25% | 11/15/55 (b) | 90,000 | 90,652 |
Transportation Refunding RB Series 2017C1 | 3.25% | 11/15/36 (b) | 65,000 | 53,325 |
Monroe Cnty IDA | ||||
RB (Univ of Rochester) Series 2017C | 4.00% | 07/01/43 (b) | 90,000 | 81,428 |
MTA Hudson Rail Yards | ||||
RB Series 2016A | 5.00% | 11/15/56 (b) | 200,000 | 195,665 |
Nassau Cnty | ||||
GO Refunding Bonds Series 2017C | 5.00% | 10/01/27 | 50,000 | 53,002 |
Nassau Cnty Interim Finance Auth | ||||
Sales Tax Secured Bonds Series 2021A | 5.00% | 11/15/31 (b) | 110,000 | 122,897 |
New York City | ||||
GO Bonds Fiscal 2016 Series C | 5.00% | 08/01/31 (b) | 150,000 | 152,937 |
GO Bonds Fiscal 2016 Series C | 3.00% | 08/01/34 (b) | 180,000 | 160,198 |
GO Bonds Fiscal 2017 Series A1 | 4.00% | 08/01/34 (b) | 105,000 | 104,995 |
GO Bonds Fiscal 2017 Series B | 4.00% | 12/01/43 (b) | 250,000 | 224,761 |
GO Bonds Fiscal 2018 Series B1 | 5.25% | 10/01/33 (b) | 445,000 | 471,176 |
GO Bonds Fiscal 2018 Series B4 | 4.80% | 10/01/46 (b)(c)(e) | 230,000 | 230,000 |
GO Bonds Fiscal 2018 Series C | 5.00% | 08/01/24 | 300,000 | 302,840 |
GO Bonds Fiscal 2018 Series E1 | 3.63% | 03/01/45 (b) | 70,000 | 57,535 |
GO Bonds Fiscal 2018 Series E-5 | 4.55% | 03/01/48 (b)(c)(e) | 280,000 | 280,000 |
GO Bonds Fiscal 2018 Series F1 | 5.00% | 04/01/34 (b) | 125,000 | 130,359 |
GO Bonds Fiscal 2019 Series A | 5.00% | 08/01/26 | 160,000 | 165,563 |
GO Bonds Fiscal 2019 Series D1 | 5.00% | 12/01/33 (b) | 90,000 | 94,501 |
GO Bonds Fiscal 2019 Series E | 5.00% | 08/01/27 | 100,000 | 104,920 |
GO Bonds Fiscal 2020 Series A1 | 3.00% | 08/01/45 (b) | 50,000 | 35,735 |
17
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Bonds Fiscal 2020 Series B1 | 5.00% | 10/01/34 (b) | 225,000 | 238,665 |
GO Bonds Fiscal 2020 Series C1 | 5.00% | 08/01/25 | 310,000 | 316,849 |
GO Bonds Fiscal 2020 Series C1 | 5.00% | 08/01/30 | 250,000 | 268,090 |
GO Bonds Fiscal 2020 Series D1 | 4.00% | 03/01/50 (b) | 100,000 | 86,009 |
GO Bonds Fiscal 2021 Series F | 3.00% | 03/01/51 (b) | 200,000 | 136,076 |
GO Bonds Fiscal 2021 Series F1 | 5.00% | 03/01/36 (b) | 85,000 | 90,134 |
GO Bonds Fiscal 2023 Series A1 | 5.00% | 09/01/25 | 265,000 | 271,149 |
GO Bonds Fiscal 2023 Series A1 | 5.00% | 09/01/42 (b) | 150,000 | 154,522 |
GO Bonds Fiscal 2023 Series A1 | 4.00% | 09/01/46 (b) | 35,000 | 30,859 |
GO Bonds Fiscal 2023 Series E | 5.25% | 04/01/44 (b) | 200,000 | 209,851 |
GO Bonds Fiscal 2024 Series A | 5.00% | 08/01/48 (b) | 250,000 | 254,398 |
GO Bonds Series 2016A | 5.00% | 08/01/26 (b) | 135,000 | 137,595 |
ULT GO Series 2015F1 | 3.50% | 06/01/33 (b) | 185,000 | 176,501 |
ULT GO Series 2018F1 | 5.00% | 04/01/43 (b) | 125,000 | 127,465 |
New York City Municipal Water Finance Auth | ||||
Water & Sewer System 2nd Resolution RB Fiscal 2013 Series CC | 3.75% | 06/15/47 (b) | 100,000 | 82,154 |
Water & Sewer System 2nd Resolution RB Fiscal 2015 Series AA | 4.00% | 06/15/44 (b) | 80,000 | 72,205 |
Water & Sewer System 2nd Resolution RB Fiscal 2015 Series CC | 4.00% | 06/15/45 (b) | 35,000 | 31,351 |
Water & Sewer System 2nd Resolution RB Fiscal 2015 Series FF | 5.00% | 06/15/39 (b) | 95,000 | 95,700 |
Water & Sewer System 2nd Resolution RB Fiscal 2015 Series HH | 5.00% | 06/15/39 (b) | 50,000 | 50,369 |
Water & Sewer System 2nd Resolution RB Fiscal 2017 Series CC1 | 4.00% | 06/15/46 (b) | 200,000 | 177,699 |
Water & Sewer System 2nd Resolution RB Fiscal 2018 Series CC1 | 4.00% | 06/15/48 (b) | 150,000 | 132,012 |
Water & Sewer System 2nd Resolution RB Fiscal 2018 Series DD2 | 5.00% | 06/15/32 (b) | 150,000 | 157,869 |
Water & Sewer System 2nd Resolution RB Fiscal 2018 Series EE | 5.00% | 06/15/40 (b) | 200,000 | 204,910 |
Water & Sewer System 2nd Resolution RB Fiscal 2018 Series FF | 5.00% | 06/15/34 (b) | 65,000 | 68,308 |
Water & Sewer System 2nd Resolution RB Fiscal 2019 Series FF2 | 5.00% | 06/15/34 (b) | 65,000 | 69,214 |
Water & Sewer System 2nd Resolution RB Fiscal 2019 Series FF2 | 4.00% | 06/15/41 (b) | 100,000 | 92,542 |
Water & Sewer System 2nd Resolution RB Fiscal 2020 Series AA | 4.00% | 06/15/40 (b) | 500,000 | 466,695 |
Water & Sewer System 2nd Resolution RB Fiscal 2020 Series DD1 | 5.00% | 06/15/30 | 265,000 | 288,443 |
Water & Sewer System 2nd Resolution RB Fiscal 2020 Series FF | 5.00% | 06/15/41 (b) | 255,000 | 264,640 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series AA1 | 5.00% | 06/15/29 | 300,000 | 324,003 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series BB1 | 4.00% | 06/15/50 (b) | 200,000 | 174,745 |
Water & Sewer System 2nd Resolution RB Fiscal 2021 Series CC2 | 5.00% | 06/15/28 (b) | 165,000 | 170,519 |
Water & Sewer System 2nd Resolution RB Fiscal 2022 Series AA1 | 4.00% | 06/15/51 (b) | 15,000 | 13,044 |
Water & Sewer System 2nd Resolution RB Fiscal 2022 Series BB1 | 5.00% | 06/15/44 (b) | 325,000 | 335,710 |
Water & Sewer System 2nd Resolution RB Fiscal 2023 Series AA1 | 5.25% | 06/15/52 (b) | 30,000 | 31,317 |
New York City Transitional Finance Auth | ||||
Building Aid RB Fiscal 2015 Series S1 | 5.00% | 07/15/40 (b) | 200,000 | 201,069 |
Building Aid RB Fiscal 2015 Series S2 | 5.00% | 07/15/40 (b) | 200,000 | 201,517 |
Building Aid RB Fiscal 2016 Series S1 | 4.00% | 07/15/40 (b) | 100,000 | 92,594 |
Building Aid RB Fiscal 2019 Series S1 | 3.50% | 07/15/47 (b)(c) | 250,000 | 196,576 |
Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/34 (b)(c) | 275,000 | 288,453 |
Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/35 (b) | 140,000 | 146,344 |
Building Aid RB Fiscal 2022 Series S1A | 5.00% | 07/15/29 (c) | 205,000 | 220,719 |
Future Tax Secured Sub Bonds Fiscal 2015 Series B1 | 5.00% | 08/01/32 (b) | 175,000 | 175,974 |
Future Tax Secured Sub Bonds Fiscal 2015 Series B1 | 5.00% | 08/01/36 (b) | 10,000 | 10,045 |
Future Tax Secured Sub Bonds Fiscal 2015 Series C | 5.00% | 11/01/26 (b) | 90,000 | 91,368 |
Future Tax Secured Sub Bonds Fiscal 2015 Series E1 | 5.00% | 02/01/41 (b) | 100,000 | 100,525 |
Future Tax Secured Sub Bonds Fiscal 2016 Series E1 | 3.00% | 02/01/33 (b) | 285,000 | 256,901 |
Future Tax Secured Sub Bonds Fiscal 2016 Series E1 | 5.00% | 02/01/39 (b) | 50,000 | 50,412 |
Future Tax Secured Sub Bonds Fiscal 2016 Series F3 | 3.00% | 02/01/39 (b) | 100,000 | 79,066 |
18
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Future Tax Secured Sub Bonds Fiscal 2017 Series A1 | 5.00% | 05/01/34 (b) | 150,000 | 153,330 |
Future Tax Secured Sub Bonds Fiscal 2017 Series C | 5.00% | 11/01/25 | 300,000 | 307,640 |
Future Tax Secured Sub Bonds Fiscal 2017 Series F1 | 3.25% | 05/01/43 (b) | 105,000 | 82,405 |
Future Tax Secured Sub Bonds Fiscal 2018 Series A2 | 5.00% | 08/01/35 (b) | 85,000 | 87,003 |
Future Tax Secured Sub Bonds Fiscal 2018 Series B1 | 5.00% | 08/01/31 (b) | 100,000 | 102,551 |
Future Tax Secured Sub Bonds Fiscal 2019 Series B1 | 5.00% | 08/01/34 (b) | 250,000 | 261,311 |
Future Tax Secured Sub Bonds Fiscal 2020 Series A3 | 3.00% | 05/01/45 (b) | 250,000 | 179,716 |
Future Tax Secured Sub Bonds Fiscal 2020 Series B1 | 3.00% | 11/01/47 (b) | 150,000 | 104,999 |
Future Tax Secured Sub Bonds Fiscal 2020 Series C1 | 5.00% | 05/01/35 (b) | 200,000 | 213,356 |
Future Tax Secured Sub Bonds Fiscal 2021 Series A | 5.00% | 11/01/27 | 100,000 | 105,318 |
Future Tax Secured Sub Bonds Fiscal 2021 Series C1 | 4.00% | 05/01/42 (b) | 100,000 | 91,230 |
Future Tax Secured Sub Bonds Fiscal 2021 Series E1 | 4.00% | 02/01/40 (b) | 10,000 | 9,291 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 5.00% | 11/01/27 | 100,000 | 105,318 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 5.00% | 11/01/29 | 250,000 | 268,887 |
Future Tax Secured Sub Bonds Fiscal 2021 Series F1 | 5.00% | 11/01/33 (b) | 190,000 | 204,931 |
Future Tax Secured Sub Bonds Fiscal 2022 Series A1 | 5.00% | 11/01/28 | 215,000 | 229,105 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B | 4.00% | 08/01/48 (b) | 150,000 | 132,239 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B1 | 4.00% | 08/01/45 (b) | 85,000 | 76,109 |
Future Tax Secured Sub Bonds Fiscal 2022 Series B1 | 3.00% | 08/01/48 (b) | 200,000 | 138,909 |
Future Tax Secured Sub Bonds Fiscal 2022 Series C1 | 5.00% | 02/01/37 (b) | 250,000 | 265,084 |
Future Tax Secured Sub Bonds Fiscal 2022 Series C1 | 5.00% | 02/01/47 (b) | 150,000 | 152,528 |
Future Tax Secured Sub Bonds Fiscal 2022 Series F1 | 5.00% | 02/01/42 (b) | 165,000 | 169,933 |
Future Tax Secured Sub Bonds Fiscal 2022 Series F1 | 5.00% | 02/01/47 (b) | 150,000 | 152,528 |
Future Tax Secured Sub Bonds Fiscal 2023 Series B1 | 5.00% | 11/01/25 | 250,000 | 256,367 |
Future Tax Secured Sub Bonds Fiscal 2023 Series D1 | 5.25% | 11/01/48 (b) | 60,000 | 62,266 |
Future Tax Secured Sub Bonds Fiscal 2023 Series E1 | 5.00% | 11/01/28 | 100,000 | 106,560 |
Future Tax Secured Sub Bonds Fiscal 2023 Series E1 | 5.00% | 11/01/32 | 150,000 | 164,540 |
Future Tax Secured Sub Bonds Fiscal 2023 Series F1 | 5.00% | 02/01/44 (b) | 200,000 | 205,332 |
Future Tax Secured Sub Bonds Fiscal 2024 Series A1 | 5.00% | 05/01/37 (b) | 200,000 | 212,996 |
RB Fiscal 2018 Series S1 | 4.00% | 07/15/36 (b) | 150,000 | 146,204 |
RB Fiscal 2019 Series S2A | 5.00% | 07/15/35 (b)(c) | 175,000 | 182,930 |
RB Series C1 | 4.00% | 05/01/45 (b) | 285,000 | 255,393 |
New York Convention Center Development | ||||
Refunding RB Series 2015 | 5.00% | 11/15/40 (b) | 125,000 | 125,335 |
New York Power Auth | ||||
RB Series 2020A | 4.00% | 11/15/50 (b) | 100,000 | 88,717 |
New York State Dormitory Auth | ||||
Dormitory Facilities RB Series 2017A | 5.00% | 07/01/26 | 50,000 | 51,717 |
Financing RB Series 2019A | 5.00% | 10/01/25 (c) | 75,000 | 76,782 |
RB (Columbia Univ) Series 2020A | 5.00% | 10/01/50 (b) | 200,000 | 208,441 |
RB (New School Univ) Series 2016A | 4.00% | 07/01/43 (b) | 160,000 | 133,752 |
RB (New York Univ) Series 2016A | 5.00% | 07/01/33 (b) | 100,000 | 102,919 |
RB (New York Univ) Series 2019A | 4.00% | 07/01/45 (b) | 145,000 | 129,288 |
RB (New York Univ) Series 2021 | 4.00% | 07/01/46 (b) | 20,000 | 17,645 |
RB (Rockefeller Univ) Series 2019C | 4.00% | 07/01/49 (b) | 150,000 | 131,269 |
RB Series 2015A | 5.00% | 07/01/35 (b) | 200,000 | 203,531 |
RB Series 2019A | 4.00% | 07/01/44 (b) | 100,000 | 89,128 |
RB Series 2020A | 5.00% | 10/01/34 (b)(c) | 65,000 | 68,350 |
RB Series 2022A | 5.00% | 10/01/32 (b)(c) | 125,000 | 134,450 |
Refunding RB (Cornell Univ) Series 2020A | 4.00% | 07/01/50 (b) | 275,000 | 237,691 |
Sales Tax RB Series 2015B | 5.00% | 03/15/45 (b) | 100,000 | 100,580 |
19
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Sales Tax RB Series 2018A | 5.00% | 03/15/40 (b) | 50,000 | 51,093 |
Sales Tax RB Series 2018E | 5.00% | 03/15/48 (b) | 250,000 | 253,131 |
State Personal Income Tax RB Series 2014C | 5.00% | 03/15/29 (b) | 300,000 | 301,030 |
State Personal Income Tax RB Series 2014C | 5.00% | 03/15/38 (b) | 75,000 | 74,998 |
State Personal Income Tax RB Series 2014E | 5.00% | 02/15/33 (b) | 100,000 | 100,284 |
State Personal Income Tax RB Series 2015A | 5.00% | 03/15/31 (b) | 125,000 | 125,592 |
State Personal Income Tax RB Series 2015A | 4.00% | 03/15/32 (b) | 175,000 | 175,428 |
State Personal Income Tax RB Series 2015B | 5.00% | 02/15/32 (b) | 200,000 | 200,620 |
State Personal Income Tax RB Series 2015B | 5.00% | 02/15/39 (b) | 250,000 | 249,874 |
State Personal Income Tax RB Series 2015E | 5.00% | 03/15/32 (b) | 80,000 | 80,375 |
State Personal Income Tax RB Series 2015E | 3.25% | 03/15/36 (b) | 55,000 | 47,648 |
State Personal Income Tax RB Series 2016A | 5.00% | 02/15/33 (b) | 200,000 | 204,539 |
State Personal Income Tax RB Series 2016A | 5.00% | 02/15/36 (b) | 100,000 | 101,674 |
State Personal Income Tax RB Series 2017A | 5.00% | 02/15/27 (a) | 75,000 | 78,462 |
State Personal Income Tax RB Series 2017A | 5.00% | 02/15/38 (b) | 100,000 | 102,034 |
State Personal Income Tax RB Series 2017B | 5.00% | 02/15/28 (b) | 310,000 | 323,482 |
State Personal Income Tax RB Series 2017B | 5.00% | 02/15/37 (b) | 55,000 | 56,530 |
State Personal Income Tax RB Series 2017B | 5.00% | 02/15/38 (b) | 125,000 | 128,114 |
State Personal Income Tax RB Series 2018A | 5.00% | 03/15/32 (b) | 100,000 | 105,459 |
State Personal Income Tax RB Series 2019A | 5.00% | 03/15/34 (b) | 155,000 | 162,921 |
State Personal Income Tax RB Series 2019A | 5.00% | 03/15/39 (b) | 60,000 | 61,553 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/30 | 200,000 | 215,147 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/33 (b) | 200,000 | 215,421 |
State Personal Income Tax RB Series 2019D | 4.00% | 02/15/47 (b) | 250,000 | 222,157 |
State Personal Income Tax RB Series 2019D | 5.00% | 02/15/48 (b) | 215,000 | 218,587 |
State Personal Income Tax RB Series 2020A | 4.00% | 03/15/36 (b) | 160,000 | 156,642 |
State Personal Income Tax RB Series 2020A | 3.00% | 03/15/41 (b) | 100,000 | 75,297 |
State Personal Income Tax RB Series 2021A | 5.00% | 02/15/25 (a) | 460,000 | 467,615 |
State Personal Income Tax RB Series 2021A | 5.00% | 03/15/27 | 55,000 | 57,518 |
State Personal Income Tax RB Series 2021A | 5.00% | 03/15/31 | 310,000 | 336,278 |
State Personal Income Tax RB Series 2021A | 5.00% | 03/15/34 (b) | 60,000 | 65,208 |
State Personal Income Tax RB Series 2022A | 5.00% | 03/15/41 (b) | 55,000 | 57,139 |
State Personal Income Tax RB Series 2022A | 5.00% | 03/15/46 (b) | 200,000 | 204,718 |
State Personal Income Tax Refunding RB Series 2016D | 5.00% | 02/15/28 (b) | 330,000 | 337,758 |
State Sales Tax RB Series 2016A | 5.00% | 03/15/27 (a)(b) | 150,000 | 156,325 |
State Sales Tax RB Series 2018A | 4.00% | 03/15/47 (b) | 75,000 | 66,422 |
State Sales Tax RB Series 2018E | 5.00% | 03/15/34 (b) | 160,000 | 167,790 |
State Sales Tax RB Series 2018E | 5.00% | 03/15/41 (b) | 400,000 | 408,732 |
New York State Environmental Facilities Corp | ||||
State Clean Water & Drinking Water Revolving Funds RB Series 2020A | 4.00% | 06/15/45 (b) | 150,000 | 137,925 |
State Clean Water & Drinking Water Revolving Funds RB Series 2022A | 5.00% | 06/15/51 (b) | 250,000 | 258,258 |
New York State Thruway Auth | ||||
General RB Series J | 5.00% | 01/01/41 (b) | 100,000 | 100,041 |
General Revenue Jr Obligations Series 2019B | 4.00% | 01/01/41 (b) | 125,000 | 112,738 |
General Revenue Jr Obligations Series 2019B | 3.00% | 01/01/53 (b)(c) | 85,000 | 54,993 |
Jr GO RB Series 2019B | 4.00% | 01/01/39 (b) | 175,000 | 160,743 |
Jr Obligation RB Series 2019B | 5.00% | 01/01/30 | 135,000 | 144,817 |
Jr RB Series 2016A | 4.00% | 01/01/51 (b) | 85,000 | 71,805 |
State Personal Income Tax RB Series 2021A1 | 5.00% | 03/15/35 (b) | 435,000 | 464,846 |
State Personal Income Tax RB Series 2021A1 | 4.00% | 03/15/41 (b) | 250,000 | 229,998 |
State Personal Income Tax RB Series 2021A1 | 4.00% | 03/15/56 (b) | 335,000 | 282,122 |
20
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
State Personal Income Tax RB Series 2022A | 5.00% | 03/15/30 | 200,000 | 216,520 |
State Personal Income Tax RB Series 2022A | 5.00% | 03/15/39 (b) | 190,000 | 198,367 |
State Personal Income Tax RB Series 2022A | 4.00% | 03/15/43 (b) | 230,000 | 208,093 |
New York State Urban Development Corp | ||||
Sales Tax RB Series 2021A | 3.00% | 03/15/50 (b) | 120,000 | 82,566 |
State Personal Income Tax RB Series 2015A | 5.00% | 03/15/45 (b) | 250,000 | 251,311 |
State Personal Income Tax RB Series 2016A | 5.00% | 03/15/27 (a)(b) | 55,000 | 56,676 |
State Personal Income Tax RB Series 2017A | 5.00% | 03/15/27 (a) | 155,000 | 162,377 |
State Personal Income Tax RB Series 2017C | 5.00% | 03/15/39 (b) | 200,000 | 205,184 |
State Personal Income Tax RB Series 2019A | 4.00% | 03/15/46 (b) | 250,000 | 220,143 |
State Personal Income Tax RB Series 2020A | 3.00% | 03/15/50 (b) | 105,000 | 71,235 |
State Personal Income Tax RB Series 2020E | 4.00% | 03/15/46 (b) | 150,000 | 132,086 |
State Sales Tax RB Series 2019A | 4.00% | 03/15/42 (b) | 200,000 | 183,189 |
State Sales Tax RB Series 2019A | 4.00% | 03/15/43 (b) | 100,000 | 90,885 |
State Sales Tax RB Series 2021A | 4.00% | 03/15/44 (b) | 60,000 | 54,111 |
Onondaga Cnty | ||||
RB (Syracuse Univ) Series 2019 | 4.00% | 12/01/49 (b) | 155,000 | 136,196 |
Port Auth of New York & New Jersey | ||||
Consolidated Bonds 184th Series | 5.00% | 09/01/35 (b) | 10,000 | 10,071 |
Consolidated Bonds 194th Series | 5.00% | 10/15/28 (b) | 100,000 | 102,068 |
Consolidated Bonds 194th Series | 5.00% | 10/15/41 (b) | 130,000 | 131,094 |
Consolidated Bonds 200th Series | 5.25% | 10/15/57 (b) | 200,000 | 205,198 |
Consolidated Bonds 209th Series | 5.00% | 07/15/32 (b) | 150,000 | 157,928 |
Consolidated Bonds 211th Series | 4.00% | 09/01/43 (b) | 150,000 | 136,896 |
Sales Tax Asset Receivable Corp | ||||
RB Fiscal 2015 Series A | 5.00% | 10/15/31 (a)(b) | 565,000 | 572,844 |
Suffolk Cnty Water Auth | ||||
Water System Refunding RB Series 2015 | 4.00% | 06/01/31 (b) | 100,000 | 100,863 |
Water System Refunding RB Series 2015 | 3.00% | 06/01/32 (b) | 300,000 | 282,222 |
Triborough Bridge & Tunnel Auth | ||||
General RB Series 2015A | 5.00% | 11/15/50 (b) | 150,000 | 150,124 |
General RB Series 2018A | 5.00% | 11/15/45 (b) | 200,000 | 204,063 |
General RB Series 2022A | 5.00% | 11/15/47 (b) | 290,000 | 295,479 |
General Refunding RB Series 2017C1 | 5.00% | 11/15/25 | 200,000 | 204,874 |
General Refunding RB Series 2018B | 5.00% | 11/15/30 | 50,000 | 54,074 |
General Refunding RB Series 2018C | 5.00% | 11/15/37 (b) | 185,000 | 192,294 |
Payroll Mobility Tax Sr Lien Bonds Series 2021C3 | 2.50% | 05/15/51 (b) | 100,000 | 58,387 |
Payroll Mobility Tax Sr Lien Bonds Series 2022A | 5.00% | 05/15/57 (b) | 200,000 | 202,271 |
Payroll Mobility Tax Sr Lien Bonds Series 2022C | 5.25% | 05/15/52 (b) | 250,000 | 258,797 |
Payroll Mobility Tax Sr Lien Bonds Series 2022D2 | 5.50% | 05/15/52 (b) | 100,000 | 105,895 |
Payroll Mobility Tax Sr Lien RB Series 2022A | 5.00% | 05/15/52 | 125,000 | 130,118 |
Payroll Mobility Tax Sr Lien Refunding Bonds Series 2022E-2B | 5.00% | 11/15/27 (b) | 200,000 | 210,802 |
Sales Tax RB Series 2022A | 4.00% | 05/15/57 (b) | 150,000 | 129,476 |
Sales Tax RB Series 2023A | 4.13% | 05/15/53 (b) | 100,000 | 88,908 |
Sales Tax RB Series 2023A | 4.25% | 05/15/58 (b) | 100,000 | 89,725 |
Sr Lien RB Series 2021A1 | 5.00% | 05/15/51 (b) | 75,000 | 76,157 |
Sr Lien RB Series 2021C3 | 4.00% | 05/15/51 (b) | 225,000 | 193,292 |
Sr Lien RB Series 2022A | 4.00% | 05/15/51 (b) | 175,000 | 151,048 |
Sr Lien RB Series 2022D2 | 4.50% | 05/15/47 (b) | 20,000 | 19,323 |
Sub Refunding RB Series 2013A | 0.00% | 11/15/31 (d) | 305,000 | 211,201 |
21
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Utility Debt Securitization Auth | ||||
Restructuring Bonds Series 2015 | 5.00% | 12/15/33 (b) | 250,000 | 254,364 |
Restructuring Bonds Series 2015 | 5.00% | 12/15/36 (b) | 250,000 | 253,313 |
Utility RB Series 2022TE1 | 5.00% | 06/15/31 (b) | 85,000 | 92,041 |
37,419,770 | ||||
NORTH CAROLINA 0.8% | ||||
North Carolina | ||||
Refunding RB Series 2014B | 5.00% | 06/01/24 | 150,000 | 151,114 |
North Carolina Capital Facilities Finance Agency | ||||
RB (Duke Univ) Series 2015B | 5.00% | 10/01/55 (a)(b) | 100,000 | 102,395 |
Refunding RB (Duke Univ) Series 2016B | 5.00% | 07/01/42 (b) | 100,000 | 101,992 |
North Carolina Municipal Power Agency No 1 | ||||
Electric Refunding RB Series 2015A | 5.00% | 01/01/27 (b) | 60,000 | 61,191 |
North Carolina Turnpike Auth | ||||
BAN 2020 | 5.00% | 02/01/24 (a) | 250,000 | 250,387 |
RB Series 2019 | 0.00% | 01/01/40 (b)(d) | 200,000 | 89,916 |
RB Series 2019 | 0.00% | 01/01/41 (b)(d) | 195,000 | 82,757 |
Sr Lien RB Series 2019 | 4.00% | 01/01/55 (b) | 200,000 | 166,979 |
Toll RB (Monroe Expressway) Series 2016A | 5.00% | 07/01/54 (b) | 200,000 | 194,282 |
1,201,013 | ||||
OHIO 1.0% | ||||
American Municipal Power Ohio | ||||
RB (Greenup Hydroelectric) Series 2016A | 5.00% | 02/15/41 (b) | 275,000 | 275,391 |
Northeast Ohio Regional Sewer District | ||||
RB Series 2014 | 4.00% | 11/15/49 (a)(b) | 215,000 | 215,315 |
Wastewater Refunding RB Series 2019 | 3.00% | 11/15/38 (b) | 75,000 | 58,826 |
Ohio | ||||
GO Refunding Bonds Series 2015A | 5.00% | 09/15/24 | 75,000 | 75,878 |
GO Refunding Bonds Series 2015A | 5.00% | 09/01/25 | 100,000 | 102,450 |
GO Refunding Bonds Series 2020B | 5.00% | 08/01/25 | 100,000 | 102,334 |
Ohio Higher Educational Facility Commission | ||||
Refunding RB (Case Western Reserve Univ) Series 2016 | 5.00% | 12/01/40 (b) | 200,000 | 201,789 |
Ohio Turnpike Commission | ||||
Jr Lien RB Series 2018A | 5.00% | 02/15/32 (b) | 200,000 | 209,750 |
Turnpike RB Series 2021A | 5.00% | 02/15/46 (b) | 200,000 | 206,595 |
Ohio Water Development Auth | ||||
RB Series 2019 | 5.00% | 12/01/29 (b) | 150,000 | 161,948 |
1,610,276 | ||||
OKLAHOMA 0.6% | ||||
Canadian Cnty Educational Facilities Auth | ||||
Lease RB (Mustang Public Schools) Series 2017 | 3.00% | 09/01/29 (b) | 200,000 | 187,114 |
Oklahoma Grand River Dam Auth | ||||
Refunding RB Series 2016A | 5.00% | 06/01/31 (b) | 175,000 | 177,490 |
Oklahoma Turnpike Auth | ||||
2nd Sr RB Series 2017C | 4.00% | 01/01/42 (b) | 100,000 | 92,705 |
Turnpike System 2nd Sr Refunding RB Series 2017D | 5.00% | 01/01/28 | 75,000 | 79,287 |
22
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Oklahoma Univ | ||||
General RB Series 2021A | 5.00% | 07/01/46 (b)(c) | 135,000 | 137,061 |
Oklahoma Water Resources Board | ||||
Revolving Fund RB Series 2023A | 4.13% | 04/01/53 (b) | 200,000 | 182,887 |
856,544 | ||||
OREGON 1.0% | ||||
Beaverton SD #48J | ||||
GO Bonds Series 2014 | 5.00% | 06/15/28 (a)(b)(c) | 100,000 | 100,765 |
GO Bonds Series 2014B | 5.00% | 06/15/31 (a)(b)(c) | 250,000 | 251,912 |
GO Bonds Series 2022B | 5.00% | 06/15/52 (b)(c) | 250,000 | 255,582 |
Oregon | ||||
GO Bonds Series 2023A | 5.00% | 05/01/38 (b) | 75,000 | 80,531 |
Oregon Dept of Transportation | ||||
Highway Sub Lien Refunding RB Series 2019A | 5.00% | 11/15/36 (b) | 200,000 | 211,800 |
Highway Tax Sub Lien RB Series 2020A | 5.00% | 11/15/40 (b) | 290,000 | 303,787 |
Portland | ||||
2nd Lien Sewer System Refunding RB Series 2023A | 5.00% | 12/01/47 (b) | 100,000 | 103,784 |
Tri-Cnty Metropolitan Transportation District | ||||
Sr Lien Payroll Tax RB Series 2018A | 5.00% | 09/01/43 (a)(b) | 305,000 | 321,916 |
1,630,077 | ||||
PENNSYLVANIA 3.3% | ||||
Delaware River Port Auth | ||||
RB Series 2013 | 5.00% | 01/01/31 (a)(b) | 120,000 | 120,249 |
RB Series 2013 | 5.00% | 01/01/40 (b) | 150,000 | 150,104 |
Delaware Valley Regional Finance Auth | ||||
RB Series 1998A | 5.50% | 08/01/28 (c) | 135,000 | 145,008 |
Pennsylvania | ||||
GO Bonds 1st Series 2014 | 4.00% | 06/15/33 (b) | 15,000 | 14,735 |
GO Bonds 1st Series 2015 | 5.00% | 03/15/24 | 100,000 | 100,472 |
GO Bonds 1st Series 2016 | 3.13% | 02/01/36 (b)(c) | 85,000 | 73,273 |
GO Bonds 1st Series 2020 | 2.00% | 05/01/39 (b) | 75,000 | 47,763 |
GO Bonds 1st Series 2022 | 5.00% | 10/01/25 | 200,000 | 204,751 |
GO Bonds 2nd Series 2015 | 4.00% | 08/15/34 (b) | 75,000 | 74,280 |
GO Bonds 2nd Series 2016 | 5.00% | 09/15/25 | 100,000 | 102,316 |
GO Bonds 2nd Series 2016 | 4.00% | 09/15/32 (b) | 325,000 | 321,392 |
GO Bonds 2nd Series 2016 | 3.00% | 09/15/36 (b) | 125,000 | 102,840 |
GO Bonds Series 2018 | 4.00% | 03/01/36 (b) | 115,000 | 113,093 |
GO Refunding Bonds Series 2017 | 5.00% | 01/01/26 | 120,000 | 123,388 |
GO Refunding Bonds Series 2017 | 5.00% | 01/01/27 | 360,000 | 375,140 |
Pennsylvania Higher Educational Facilities Auth | ||||
RB (Thomas Jefferson Univ) Series 2015A | 5.25% | 09/01/50 (b) | 250,000 | 241,578 |
Pennsylvania State Turnpike Commission | ||||
RB Series 2014A | 5.00% | 12/01/44 (b) | 150,000 | 150,142 |
RB Series 2021A | 5.00% | 12/01/46 (b) | 125,000 | 128,511 |
Refunding RB Series 2019 | 5.00% | 12/01/25 | 65,000 | 66,690 |
Sr RB Series 2021A | 4.00% | 12/01/51 (b) | 30,000 | 25,909 |
Sub RB Series 2015A1 | 4.00% | 12/01/41 (b) | 110,000 | 98,917 |
Sub RB Series 2017B2 | 4.00% | 06/01/38 (b) | 125,000 | 115,764 |
Sub RB Series 2017B2 | 4.00% | 06/01/39 (b) | 100,000 | 90,722 |
23
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Sub RB Series 2021B | 5.00% | 12/01/46 (b) | 200,000 | 202,357 |
Sub Refunding RB 3rd Series 2016A | 5.00% | 12/01/30 (b) | 190,000 | 195,860 |
Sub Refunding RB 3rd Series 2016A | 3.38% | 12/01/41 (b) | 370,000 | 291,595 |
Turnpike RB Series 2019A | 5.00% | 12/01/44 (b) | 200,000 | 204,029 |
Turnpike Refunding RB Series 2019 | 5.00% | 12/01/24 | 75,000 | 75,885 |
Turnpike Sr RB Series 2015B | 5.00% | 12/01/40 (b) | 90,000 | 90,799 |
Turnpike Sub Refunding RB 2nd Series 2017 | 5.00% | 12/01/34 (b) | 60,000 | 62,550 |
Philadelphia | ||||
Gas RB 16th Series A | 5.00% | 08/01/50 (b)(c) | 95,000 | 96,201 |
GO Bonds Series 2015B | 4.00% | 08/01/35 (b) | 200,000 | 195,189 |
Water & Wastewater RB Series 2015A | 5.00% | 07/01/45 (a)(b) | 60,000 | 60,474 |
Philadelphia IDA | ||||
RB (Thomas Jefferson Univ) Series 2017A | 5.00% | 09/01/47 (b) | 200,000 | 194,311 |
Philadelphia SD | ||||
GO Bonds Series 2018B | 4.00% | 09/01/43 (b)(c) | 195,000 | 172,763 |
GO Refunding Bonds Series 2016F | 5.00% | 09/01/28 (b)(c) | 110,000 | 112,503 |
Pittsburgh Water & Sewer Auth | ||||
Water & Sewer System Sub Refunding RB Series 2019B | 5.00% | 09/01/32 (c) | 200,000 | 219,410 |
5,160,963 | ||||
RHODE ISLAND 0.1% | ||||
Rhode Island Health & Educational Building Corp | ||||
Education Facility RB (Providence College) Series 2023 | 5.00% | 11/01/53 (b) | 150,000 | 148,006 |
SOUTH CAROLINA 0.6% | ||||
Piedmont Municipal Power Agency | ||||
Electric Refunding RB Series 2021C | 5.00% | 01/01/34 (b) | 80,000 | 81,670 |
South Carolina Public Service Auth | ||||
RB Series 2013B | 5.00% | 12/01/38 (b) | 100,000 | 98,093 |
Refunding RB Series 2016A | 5.00% | 12/01/29 (b) | 85,000 | 86,424 |
Refunding RB Series 2016A | 5.00% | 12/01/30 (b) | 125,000 | 126,928 |
Refunding RB Series 2016B | 5.00% | 12/01/46 (b) | 200,000 | 194,899 |
Refunding RB Series 2022A | 4.00% | 12/01/52 (b) | 150,000 | 122,136 |
Revenue & Refunding Bonds Series 2020A | 5.00% | 12/01/31 (b) | 75,000 | 78,534 |
South Carolina Transportation Infrastructure Bank | ||||
Refunding RB Series 2021B | 5.00% | 10/01/25 | 105,000 | 107,515 |
896,199 | ||||
TENNESSEE 0.2% | ||||
Metro Government of Nashville & Davidson Cnty | ||||
GO Bonds Series 2018 | 4.00% | 07/01/33 (b) | 125,000 | 125,085 |
GO Bonds Series 2021C | 3.00% | 01/01/34 (b) | 125,000 | 111,758 |
236,843 | ||||
TEXAS 9.1% | ||||
Alamo CCD | ||||
Maintenance Tax Notes Series 2022 | 5.00% | 02/15/25 | 50,000 | 50,830 |
Aubrey ISD | ||||
ULT GO Bonds Series 2022 | 4.00% | 02/15/47 (b)(c) | 200,000 | 175,835 |
24
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Austin ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 08/01/25 | 75,000 | 76,524 |
Bexar Cnty | ||||
Tax Refunding Bonds Series 2017 | 5.00% | 06/15/43 (a)(b) | 250,000 | 258,459 |
Carrollton ISD | ||||
ULT GO Bonds Series 2023 | 4.00% | 02/15/53 (b)(c) | 250,000 | 215,815 |
Central Texas Regional Mobility Auth | ||||
Sub Lien BAN Series 2021C | 5.00% | 01/01/27 (b) | 100,000 | 101,727 |
Cleburne ISD | ||||
ULT GO Bonds Series 2016 | 5.00% | 02/15/41 (b)(c) | 90,000 | 90,660 |
Conroe ISD | ||||
ULT GO Bonds Series 2022A | 4.00% | 02/15/47 (b)(c) | 375,000 | 330,249 |
Cypress-Fairbanks ISD | ||||
ULT GO Refunding Bonds Series 2016 | 5.00% | 02/15/26 (c) | 60,000 | 61,830 |
Dallas | ||||
GO Refunding Bonds Series 2017 | 3.00% | 02/15/33 (b)(c) | 125,000 | 110,527 |
GO Refunding Bonds Series 2017 | 3.13% | 02/15/35 (b)(c) | 100,000 | 87,381 |
Waterworks & Sewer System Refunding RB Series 2023A | 4.00% | 10/01/52 (b) | 175,000 | 150,565 |
Dallas Area Rapid Transit | ||||
Sr Lien Sales Tax Refunding RB Series 2007 | 5.25% | 12/01/30 (b)(c) | 315,000 | 346,548 |
Sr Lien Sales Tax Refunding RB Series 2021B | 4.00% | 12/01/51 (b) | 200,000 | 171,515 |
Dallas-Fort Worth International Airport | ||||
Jt Refunding RB Series 2020A | 5.00% | 11/01/24 | 200,000 | 202,038 |
Refunding RB Series 2020A | 5.00% | 11/01/27 | 230,000 | 241,518 |
Refunding RB Series 2021A | 4.00% | 11/01/46 (b) | 55,000 | 48,979 |
Denton ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 08/15/53 (b)(c) | 100,000 | 104,214 |
El Paso | ||||
Water & Sewer Refunding RB Series 2022 | 5.00% | 03/01/52 (b) | 250,000 | 251,988 |
Water & Sewer Refunding RB Series 2022A | 4.00% | 03/01/44 (b) | 200,000 | 177,353 |
Grand Parkway Transportation Corp | ||||
1st Tier Toll Refunding RB Series 2020C | 4.00% | 10/01/45 (b) | 250,000 | 214,885 |
Sub Tier Toll RB Series 2018A | 5.00% | 10/01/35 (b) | 115,000 | 119,737 |
Greater Texoma Utility Auth | ||||
RB Series 2023 | 5.00% | 10/01/48 (b)(c) | 150,000 | 151,375 |
Harris Cnty | ||||
Refunding Bonds Series 2022A | 5.00% | 10/01/26 | 115,000 | 119,321 |
Refunding GO Bonds Series 2023A | 5.00% | 09/15/48 (b) | 250,000 | 261,508 |
Toll Road Sr Lien Refunding RB Series 2016A | 5.00% | 08/15/33 (b) | 100,000 | 102,215 |
Toll Road Sr Lien Refunding RB Series 2018A | 4.00% | 08/15/48 (b) | 100,000 | 86,480 |
Harris Cnty Sports Auth | ||||
Sr Lien Refunding RB 2014A | 5.00% | 11/15/30 (b) | 150,000 | 151,000 |
Hidalgo Cnty | ||||
GO Bonds Series 2018A | 4.00% | 08/15/43 (b) | 200,000 | 178,717 |
Houston | ||||
Utility System 1st Lien Refunding RB Series 2014C | 5.00% | 05/15/24 | 270,000 | 271,630 |
Utility System 1st Lien Refunding RB Series 2019B | 5.00% | 11/15/49 (b) | 100,000 | 101,680 |
Utility System 1st Lien Refunding RB Series 2021A | 4.00% | 11/15/46 (b) | 50,000 | 43,669 |
Houston ISD | ||||
LT Refunding Bonds Series 2016A | 5.00% | 02/15/29 (b)(c) | 200,000 | 204,660 |
25
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Katy ISD | ||||
ULT GO Bonds Series 2018 | 4.00% | 02/15/48 (b)(c) | 250,000 | 224,099 |
Lamar Consolidated ISD | ||||
ULT GO Bonds Series 2023A | 5.00% | 02/15/53 (b)(c) | 140,000 | 143,780 |
Leander ISD | ||||
ULT GO Refunding Bonds Series 2016A | 0.00% | 08/16/42 (b)(c)(d) | 350,000 | 132,525 |
Lower Colorado River Auth | ||||
Refunding RB (LCRA Transmission Services) Series 2020A | 5.00% | 05/15/50 (b) | 100,000 | 100,013 |
Refunding RB (LCRA Transmission Services) Series 2023 | 5.00% | 05/15/47 (b) | 55,000 | 55,263 |
Montgomery ISD | ||||
ULT GO Bonds Series 2023 | 4.00% | 02/15/53 (b)(c) | 175,000 | 149,493 |
North Texas Tollway Auth | ||||
1st Tier RB Series 2008D | 0.00% | 01/01/31 (c)(d) | 170,000 | 124,224 |
1st Tier Refunding RB Series 2008D | 0.00% | 01/01/32 (c)(d) | 75,000 | 52,474 |
1st Tier Refunding RB Series 2016A | 5.00% | 01/01/27 (b) | 275,000 | 275,577 |
1st Tier Refunding RB Series 2016A | 4.00% | 01/01/39 (b) | 50,000 | 46,144 |
1st Tier Refunding RB Series 2017A | 5.00% | 01/01/43 (b) | 145,000 | 146,866 |
1st Tier System Refunding RB Series 2017A | 5.00% | 01/01/29 (b) | 110,000 | 112,583 |
2nd Tier Refunding RB Series 2019B | 5.00% | 01/01/24 | 250,000 | 250,469 |
Refunding RB Series 2008I | 6.50% | 01/01/43 (a)(b) | 295,000 | 303,738 |
Refunding RB Series 2014B | 5.00% | 01/01/31 (b) | 320,000 | 319,965 |
Refunding RB Series 2015A | 4.00% | 01/01/38 (b) | 150,000 | 135,610 |
Plano ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 02/15/42 (b) | 270,000 | 279,848 |
Port of Houston Auth | ||||
1st Lien RB Series 2021 | 5.00% | 10/01/51 (b) | 385,000 | 389,371 |
Prosper ISD | ||||
ULT GO Bonds Series 2022 | 4.00% | 02/15/52 (b)(c) | 150,000 | 130,793 |
ULT GO Bonds Series 2023 | 4.00% | 02/15/53 (b)(c) | 150,000 | 130,803 |
Rockwall ISD | ||||
ULT GO Bonds Series 2022A | 5.00% | 02/15/47 (b)(c) | 70,000 | 71,872 |
San Antonio | ||||
Electric & Gas Refunding RB Series 2016 | 5.00% | 02/01/26 | 70,000 | 71,653 |
Electric & Gas Systems Refunding RB Series 2012 | 5.25% | 02/01/25 (b) | 295,000 | 300,269 |
Electric & Gas Systems Refunding RB Series 2020 | 5.00% | 02/01/49 (b) | 200,000 | 202,278 |
San Antonio Public Facilities Corp | ||||
Lease Refunding RB Series 2012 | 4.00% | 09/15/42 (b) | 50,000 | 43,735 |
Texas | ||||
GO Bonds Series 2014 | 5.00% | 04/01/26 (b) | 100,000 | 100,458 |
GO Mobility Refunding Bonds Series 2014A | 5.00% | 10/01/26 (b) | 425,000 | 429,401 |
GO Refunding Bonds Series 2014 | 5.00% | 10/01/26 (a)(b) | 150,000 | 150,797 |
GO Refunding Bonds Series 2014 | 5.00% | 10/01/28 (a)(b) | 150,000 | 150,797 |
GO Refunding Bonds Series 2014A | 5.00% | 10/01/44 (a)(b) | 420,000 | 424,186 |
GO Refunding Bonds Series 2017A | 5.00% | 10/01/33 (b) | 100,000 | 103,868 |
GO Refunding Bonds Series 2017A | 5.00% | 10/01/34 (b) | 150,000 | 155,456 |
GO Refunding Bonds Series 2017B | 5.00% | 10/01/33 (b) | 150,000 | 155,802 |
Texas A&M Univ | ||||
RB Series 2017E | 5.00% | 05/15/27 | 70,000 | 73,277 |
Texas Transportation Commission | ||||
State Highway Fund 1st Tier Refunding RB Series 2015 | 5.00% | 10/01/24 | 160,000 | 161,860 |
26
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Texas Transportation Corp | ||||
Sr Lien Refunding RB (NTE Mobility Partners) Series 2019A | 5.00% | 12/31/35 (b) | 125,000 | 128,809 |
Texas Turnpike Auth | ||||
1st Tier RB Series 2002A | 0.00% | 08/15/27 (c)(d) | 100,000 | 85,102 |
1st Tier RB Series 2002A | 0.00% | 08/15/30 (c)(d) | 100,000 | 74,183 |
Texas Water Dev Brd | ||||
State Water Implementation Fund RB Series 2017A | 5.00% | 04/15/24 | 175,000 | 176,173 |
State Water Implementation Fund RB Series 2017A | 4.00% | 10/15/35 (b) | 200,000 | 194,484 |
State Water Implementation Fund RB Series 2018A | 5.00% | 10/15/43 (b) | 100,000 | 102,350 |
State Water Implementation Fund RB Series 2019A | 3.00% | 10/15/34 (b) | 125,000 | 110,423 |
State Water Implementation Fund RB Series 2019A | 4.00% | 10/15/49 (b) | 150,000 | 131,888 |
State Water Implementation Fund RB Series 2022 | 4.75% | 10/15/42 (b) | 125,000 | 126,143 |
State Water Implementation Fund RB Series 2022 | 4.80% | 10/15/52 (b) | 65,000 | 65,106 |
State Water Implementation Fund RB Series 2022 | 5.00% | 10/15/57 (b) | 150,000 | 154,096 |
State Water RB Series 2022 | 4.45% | 10/15/36 (b) | 50,000 | 50,608 |
Trinity River Auth | ||||
Refunding RB Series 2020 | 3.00% | 08/01/31 (b) | 440,000 | 402,049 |
Univ of Texas | ||||
Financing System RB Series 2019B | 5.00% | 08/15/49 | 200,000 | 205,932 |
Financing System RB Series 2020A | 5.00% | 08/15/30 | 150,000 | 162,701 |
Financing System RB Series 2021A | 4.00% | 08/15/35 (b) | 50,000 | 49,503 |
RB Series 2023A | 5.00% | 08/15/34 (b) | 200,000 | 219,753 |
Univ Fund Bonds Series 2023A | 5.00% | 07/01/32 | 50,000 | 55,011 |
Univ of Texas Permanent Univ Fund | ||||
RB Series 2022A | 5.00% | 07/01/32 | 75,000 | 82,634 |
Waxahachie ISD | ||||
ULT GO Bonds Series 2023 | 5.00% | 02/15/48 (b)(c) | 150,000 | 154,554 |
Ysleta ISD | ||||
ULT GO Bonds Series 2020 | 4.00% | 08/15/50 (b)(c) | 100,000 | 87,431 |
14,179,712 | ||||
UTAH 0.5% | ||||
Intermountain Power Agency | ||||
Power Supply RB Series 2022A | 5.00% | 07/01/31 | 150,000 | 163,771 |
Power Supply RB Series 2022A | 5.00% | 07/01/45 (b) | 120,000 | 123,653 |
Utah | ||||
GO Refunding Bonds Series 2015 | 5.00% | 07/01/24 | 50,000 | 50,443 |
Utah Board of Regents | ||||
General RB (Univ of Utah) Series 2022A | 4.00% | 08/01/51 (b) | 150,000 | 128,151 |
Utah Transit Auth | ||||
Sales Tax Refunding RB Series 2015A | 5.00% | 06/15/30 (a)(b) | 130,000 | 132,607 |
Sub Sales Tax Refunding RB Series 2018 | 4.00% | 12/15/41 (b) | 115,000 | 105,216 |
703,841 | ||||
VIRGINIA 1.4% | ||||
Chesapeake Bay Bridge & Tunnel District | ||||
1st Tier RB Series 2016 | 5.00% | 07/01/46 (b) | 150,000 | 150,987 |
Hampton Roads Transportation Commission | ||||
Sr Lien BAN 2021A | 5.00% | 07/01/26 (a) | 570,000 | 588,972 |
27
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
Univ of Virginia | ||||
General RB Series 2019B | 5.00% | 09/01/49 (b) | 250,000 | 258,419 |
General Refunding RB Series 2017A | 5.00% | 04/01/42 (b) | 125,000 | 127,981 |
Virginia College Building Auth | ||||
Educational Facilities Refunding RB Series 2017E | 5.00% | 02/01/25 | 125,000 | 127,092 |
Educational Facilities Refunding RB Series 2017E | 5.00% | 02/01/29 (b) | 315,000 | 331,553 |
Virginia Public Building Auth | ||||
Public Facilities RB Series 2021A2 | 4.00% | 08/01/39 (b) | 100,000 | 94,240 |
Virginia Transportation Board | ||||
Transportation Refunding RB Series 2017A | 5.00% | 05/15/31 (b) | 415,000 | 434,849 |
2,114,093 | ||||
WASHINGTON 3.3% | ||||
Central Puget Sound Regional Transit Auth | ||||
Sales & Motor Vehicle Tax RB Series 2021S1 | 5.00% | 11/01/26 | 100,000 | 104,091 |
Sales & Motor Vehicle Tax Refunding Bonds Series 2021S1 | 5.00% | 11/01/27 | 130,000 | 137,267 |
Sales & Motor Vehicle Tax Refunding Bonds Series 2021S1 | 5.00% | 11/01/36 (b) | 250,000 | 269,231 |
Sales & Motor Vehicle Tax Refunding Bonds Series 2021S1 | 4.00% | 11/01/40 (b) | 60,000 | 55,612 |
Energy Northwest | ||||
Electric Refunding RB Series 2015C | 5.00% | 07/01/25 | 50,000 | 51,033 |
Electric Refunding RB Series 2018A | 5.00% | 07/01/24 | 80,000 | 80,661 |
Electric Refunding RB Series 2018C | 5.00% | 07/01/24 | 50,000 | 50,413 |
Electric Refunding RB Series 2018C | 5.00% | 07/01/34 (b) | 85,000 | 89,972 |
Electric Refunding RB Series 2019A | 5.00% | 07/01/37 (b) | 85,000 | 89,074 |
Electric Refunding RB Series 2021A | 4.00% | 07/01/42 (b) | 480,000 | 445,991 |
Electric Refunding RB Series 2023A | 5.00% | 07/01/39 (b) | 290,000 | 307,922 |
Issaquah SD #411 | ||||
ULT GO Bonds Series 2016 | 4.00% | 12/01/31 (b)(c) | 50,000 | 49,988 |
King Cnty | ||||
LT GO Refunding Bonds Series 2021A | 4.00% | 01/01/27 | 330,000 | 334,066 |
Refunding RB Series 2016B | 4.00% | 07/01/34 (b) | 200,000 | 195,630 |
Northshore SD #417 | ||||
ULT GO Bonds Series 2018 | 5.00% | 12/01/35 (b)(c) | 100,000 | 104,933 |
ULT GO Refunding Bonds Series 2022 | 5.00% | 12/01/39 (b)(c) | 110,000 | 116,506 |
Seattle | ||||
Light & Power RB Series 2015A | 4.00% | 05/01/45 (b) | 150,000 | 135,506 |
Refunding RB Series 2014 | 4.00% | 05/01/44 (b) | 125,000 | 113,621 |
Spokane SD #81 | ||||
ULT GO Bonds Series 2019 | 5.00% | 12/01/36 (b)(c) | 200,000 | 210,438 |
Tacoma SD #10 | ||||
ULT GO Bonds Series 2020B | 4.00% | 12/01/41 (b)(c) | 245,000 | 224,274 |
Washington | ||||
GO Bonds Series 2020C | 5.00% | 02/01/35 (b) | 165,000 | 176,545 |
GO Bonds Series 2020C | 5.00% | 02/01/40 (b) | 160,000 | 166,343 |
GO Bonds Series 2020C | 5.00% | 02/01/41 (b) | 150,000 | 155,957 |
GO Bonds Series 2021A | 5.00% | 08/01/41 (b) | 100,000 | 104,242 |
GO Bonds Series 2022A | 5.00% | 08/01/40 (b) | 155,000 | 162,413 |
GO Bonds Series 2022A | 5.00% | 08/01/44 (b) | 150,000 | 155,913 |
GO Bonds Series 2023A | 5.00% | 08/01/31 | 100,000 | 109,623 |
GO Bonds Series 2023A | 5.00% | 08/01/47 (b) | 250,000 | 259,231 |
GO Refunding Bonds Series R2015C | 5.00% | 07/01/30 (b) | 180,000 | 182,177 |
28
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
GO Refunding Bonds Series R2018C | 5.00% | 08/01/30 (b) | 40,000 | 42,031 |
GO Refunding Bonds Series R2018C | 5.00% | 08/01/34 (b) | 125,000 | 130,437 |
GO Refunding Bonds Series R2023A | 5.00% | 08/01/24 | 255,000 | 257,560 |
Motor Vehicle Fuel Tax GO Refunding Bonds Series R2022D | 4.00% | 07/01/28 | 130,000 | 132,939 |
5,201,640 | ||||
WEST VIRGINIA 0.1% | ||||
W Virginia Parkway Auth | ||||
Sr Lien RB Series 2021 | 5.00% | 06/01/47 (b) | 190,000 | 193,203 |
WISCONSIN 0.4% | ||||
Wisconsin | ||||
GO Refunding Bonds Series 2 | 5.00% | 11/01/25 | 210,000 | 215,137 |
GO Refunding Bonds Series 20173 | 5.00% | 11/01/31 (b) | 125,000 | 130,817 |
GO Refunding Bonds Series 2023-2 | 5.00% | 05/01/34 (b) | 105,000 | 117,068 |
Wisconsin Center District | ||||
Sr Tax RB Series 2020C | 0.00% | 12/15/50 (b)(c)(d) | 800,000 | 195,824 |
658,846 | ||||
WYOMING 0.1% | ||||
Campbell Solid Waste Facilities | ||||
RB Series 2019A | 3.63% | 07/15/39 (b) | 200,000 | 160,718 |
Total Municipal Securities (Cost $162,020,149) | 155,975,505 | |||
Total Investments in Securities (Cost $162,020,149) | 155,975,505 |
(a) | Refunded bond. |
(b) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
(c) | Credit-enhanced or liquidity-enhanced. |
(d) | Zero coupon bond. |
(e) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index |
BAN — | Bond anticipation note |
CCD — | Community college district |
COP — | Certificate of participation |
GO — | General obligation |
IDA — | Industrial development agency/authority |
IDB — | Industrial development bond |
IDRB — | Industrial development revenue bond |
ISD — | Independent school district |
LT — | Limited tax |
RB — | Revenue bond |
SD — | School district |
SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics. |
UHSD — | Union high school district |
ULT — | Unlimited tax |
USD — | Unified school district |
VRDN — | Variable rate demand note |
29
Schwab Municipal Bond ETF
Portfolio Holdings (Unaudited) continued
The following is a summary of the inputs used to value the fund’s investments as of September 30, 2023:
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Municipal Securities1 | $— | $155,975,505 | $— | $155,975,505 |
Total | $— | $155,975,505 | $— | $155,975,505 |
1 | As categorized in the Portfolio Holdings. |
30
Schwab Municipal Bond ETF
Notes to Portfolio Holdings (Unaudited)
Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the 1940 Act), the Board of Trustees (the Board) has designated authority to a Valuation Designee, the fund’s investment adviser, to make fair valuation determinations under adopted procedures, subject to Board oversight. The investment adviser has formed a Pricing Committee to administer the pricing and valuation of portfolio securities and other assets and liabilities as well as to ensure that prices used for internal purposes or provided by third parties reasonably reflect fair value. The Valuation Designee may utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.
Securities held in the fund’s portfolio are valued every business day. The following valuation policies and procedures are used by the Valuation Designee to value various types of securities:
• Bonds and notes: Fixed income investments are generally valued using an evaluated price at the mid-point of the bid/ask spread provided by an approved, independent pricing service (mid-price). To determine the evaluated mid-price, a pricing service may use a variety of techniques and inputs. Techniques may include, but are not limited to, spread models that calculate an investment-specific price relative to a benchmark or yield curve models that establish a price based on yields of comparable bonds along a range of maturities. Inputs differ by valuation approach and techniques, as appropriate, and examples of inputs may include, but are not limited to, interest rates, market conditions, comparable bonds, market trades, projected cash flows, credit reviews and issuer news.
• Short-term securities (60 days or less to maturity): Securities with remaining maturities of 60 days or less are generally valued at an evaluated price; however, such securities may be valued at their amortized cost if it approximates the security’s fair value.
• Securities for which no quoted value is available: The Valuation Designee has adopted procedures to fair value the fund’s securities when market prices are not “readily available” or are unreliable. For example, a security may be fair valued when it’s de-listed or its trading is halted or suspended; when a security’s primary pricing source is unable or unwilling to provide a price; or when a security’s primary trading market is closed during regular market hours. Fair value determinations are made in good faith in accordance with adopted valuation procedures. The Valuation Designee considers a number of factors, including unobservable market inputs, when arriving at fair value. The Valuation Designee may employ methods such as the review of related or comparable assets or liabilities, related market activities, recent transactions, market multiples, book values, transactional back-testing, disposition analysis and other relevant information. Due to the subjective and variable nature of fair value pricing, there can be no assurance that the fund could obtain the fair value assigned to the security upon the sale of such security.
In accordance with the authoritative guidance on fair value measurements and disclosures under generally accepted accounting principles in the United States of America (GAAP), the fund discloses the fair value of its investments in a hierarchy that prioritizes the significant inputs to valuation methods used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurements). If inputs used to measure the financial instruments fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the valuation. If it is determined that either the volume and/or level of activity for an asset or liability has significantly decreased (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and the Valuation Designee’s judgment will be required to estimate fair value.
The three levels of the fair value hierarchy are as follows:
• Level 1 — quoted prices in active markets for identical investments - Investments whose values are based on quoted market prices in active markets. These generally include active listed equities, mutual funds, exchange-traded funds (ETFs) and futures contracts. Mutual funds and ETFs are classified as Level 1 prices, without consideration to the classification level of the underlying securities held.
• 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.
• Level 3 — significant unobservable inputs (including the Valuation Designee’s assumptions in determining the fair value of investments) — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not readily available for these securities, one or more valuation methods are used for which sufficient and reliable data is available. The inputs used in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore a fund’s results of operations.
31
Schwab Municipal Bond ETF
Notes to Portfolio Holdings (Unaudited) (continued)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the fund’s investments as of September 30, 2023, are disclosed in the fund’s Portfolio Holdings.
REG120974SEP23
32