Schwab Strategic TrustSchwab High Yield Bond ETF
Portfolio Holdings as of November 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.
All securities are currently in a fixed rate coupon period based on index eligibility requirements and the fund’s investment objective. Generally, for fixed rate securities, the rate shown is the interest rate that was established when the security was issued. Variable rate securities are subject to index requirements and will be removed from the index and fund prior to converting from a fixed rate coupon to a variable rate coupon. The maturity date shown for all the securities is the final legal maturity.
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CORPORATES 97.8% OF NET ASSETS | ||
Financial Institutions 9.5% | ||
Banking 0.7% | ||
Ally Financial, Inc. | ||
5.75%, 11/20/25 (a) | 55,000 | 53,998 |
6.70%, 02/14/33 (a) | 40,000 | 37,223 |
Intesa Sanpaolo SpA | ||
5.71%, 01/15/26 (b) | 215,000 | 211,086 |
Popular, Inc. | ||
7.25%, 03/13/28 (a) | 20,000 | 20,035 |
Synchrony Financial | ||
7.25%, 02/02/33 (a) | 65,000 | 60,750 |
Texas Capital Bancshares, Inc. | ||
4.00%, 05/06/31 (a)(c) | 25,000 | 21,423 |
Western Alliance Bancorp | ||
3.00%, 06/15/31 (a)(c) | 45,000 | 36,364 |
440,879 | ||
Brokerage/Asset Managers/Exchanges 0.9% | ||
AG TTMT Escrow Issuer LLC | ||
8.63%, 09/30/27 (a)(b) | 85,000 | 88,235 |
Aretec Escrow Issuer 2, Inc. | ||
10.00%, 08/15/30 (a)(b) | 50,000 | 52,145 |
Aretec Escrow Issuer, Inc. | ||
7.50%, 04/01/29 (a)(b) | 20,000 | 16,916 |
Brightsphere Investment Group, Inc. | ||
4.80%, 07/27/26 | 30,000 | 28,450 |
Coinbase Global, Inc. | ||
3.38%, 10/01/28 (a)(b) | 100,000 | 80,560 |
3.63%, 10/01/31 (a)(b) | 35,000 | 25,764 |
Compass Group Diversified Holdings LLC | ||
5.25%, 04/15/29 (a)(b) | 100,000 | 91,412 |
Hightower Holding LLC | ||
6.75%, 04/15/29 (a)(b) | 10,000 | 8,654 |
Hunt Cos., Inc. | ||
5.25%, 04/15/29 (a)(b) | 24,000 | 20,612 |
NFP Corp. | ||
6.88%, 08/15/28 (a)(b) | 140,000 | 124,802 |
7.50%, 10/01/30 (a)(b) | 35,000 | 34,714 |
572,264 | ||
Finance Companies 2.9% | ||
Cobra AcquisitionCo LLC | ||
6.38%, 11/01/29 (a)(b) | 15,000 | 10,969 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Curo Group Holdings Corp. | ||
7.50%, 08/01/28 (a)(b) | 50,000 | 14,067 |
Enova International, Inc. | ||
8.50%, 09/15/25 (a)(b) | 15,000 | 14,730 |
FirstCash, Inc. | ||
5.63%, 01/01/30 (a)(b) | 75,000 | 70,257 |
Fortress Transportation & Infrastructure Investors LLC | ||
6.50%, 10/01/25 (a)(b) | 15,000 | 14,909 |
5.50%, 05/01/28 (a)(b) | 160,000 | 150,370 |
Freedom Mortgage Corp. | ||
7.63%, 05/01/26 (a)(b) | 40,000 | 38,258 |
6.63%, 01/15/27 (a)(b) | 45,000 | 41,112 |
12.00%, 10/01/28 (a)(b) | 50,000 | 52,878 |
GGAM Finance Ltd. | ||
8.00%, 06/15/28 (a)(b) | 65,000 | 65,796 |
goeasy Ltd. | ||
4.38%, 05/01/26 (a)(b) | 40,000 | 37,524 |
9.25%, 12/01/28 (a)(b) | 25,000 | 25,700 |
LD Holdings Group LLC | ||
6.50%, 11/01/25 (a)(b) | 15,000 | 13,110 |
6.13%, 04/01/28 (a)(b) | 40,000 | 28,225 |
LFS Topco LLC | ||
5.88%, 10/15/26 (a)(b) | 15,000 | 13,245 |
Macquarie Airfinance Holdings Ltd. | ||
8.38%, 05/01/28 (a)(b) | 60,000 | 61,549 |
Nationstar Mortgage Holdings, Inc. | ||
5.00%, 02/01/26 (a)(b) | 45,000 | 42,943 |
6.00%, 01/15/27 (a)(b) | 25,000 | 24,144 |
5.50%, 08/15/28 (a)(b) | 50,000 | 46,321 |
5.75%, 11/15/31 (a)(b) | 60,000 | 52,431 |
Navient Corp. | ||
5.88%, 10/25/24 | 25,000 | 24,793 |
6.75%, 06/25/25 | 70,000 | 70,559 |
6.75%, 06/15/26 | 25,000 | 24,925 |
5.00%, 03/15/27 (a) | 65,000 | 60,661 |
5.50%, 03/15/29 (a) | 55,000 | 48,121 |
5.63%, 08/01/33 | 75,000 | 58,168 |
OneMain Finance Corp. | ||
6.88%, 03/15/25 | 75,000 | 75,608 |
7.13%, 03/15/26 | 90,000 | 90,826 |
3.88%, 09/15/28 (a) | 25,000 | 21,489 |
9.00%, 01/15/29 (a) | 115,000 | 118,727 |
4.00%, 09/15/30 (a) | 75,000 | 61,154 |
Oxford Finance LLC/Oxford Finance Co.-Issuer II, Inc. | ||
6.38%, 02/01/27 (a)(b) | 25,000 | 23,527 |
1
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
PennyMac Financial Services, Inc. | ||
5.38%, 10/15/25 (a)(b) | 15,000 | 14,598 |
4.25%, 02/15/29 (a)(b) | 60,000 | 51,939 |
5.75%, 09/15/31 (a)(b) | 25,000 | 22,067 |
PROG Holdings, Inc. | ||
6.00%, 11/15/29 (a)(b) | 40,000 | 34,984 |
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc. | ||
2.88%, 10/15/26 (a)(b) | 50,000 | 45,230 |
3.88%, 03/01/31 (a)(b) | 175,000 | 147,136 |
SLM Corp. | ||
3.13%, 11/02/26 (a) | 40,000 | 36,213 |
United Wholesale Mortgage LLC | ||
5.50%, 11/15/25 (a)(b) | 65,000 | 63,255 |
5.50%, 04/15/29 (a)(b) | 35,000 | 31,339 |
1,943,857 | ||
Financial Other 1.2% | ||
Burford Capital Global Finance LLC | ||
6.88%, 04/15/30 (a)(b) | 200,000 | 188,144 |
Credit Acceptance Corp. | ||
5.13%, 12/31/24 (a)(b) | 40,000 | 39,014 |
Five Point Operating Co. LP/Five Point Capital Corp. | ||
7.88%, 11/15/25 (a)(b) | 25,000 | 23,955 |
Greystar Real Estate Partners LLC | ||
7.75%, 09/01/30 (a)(b) | 25,000 | 25,450 |
Howard Hughes Corp. | ||
5.38%, 08/01/28 (a)(b) | 50,000 | 46,928 |
Icahn Enterprises LP/Icahn Enterprises Finance Corp. | ||
4.75%, 09/15/24 (a) | 60,000 | 58,933 |
6.25%, 05/15/26 (a) | 20,000 | 18,901 |
5.25%, 05/15/27 (a) | 135,000 | 122,344 |
4.38%, 02/01/29 (a) | 30,000 | 24,620 |
Kennedy-Wilson, Inc. | ||
4.75%, 02/01/30 (a) | 200,000 | 153,065 |
PHH Mortgage Corp. | ||
7.88%, 03/15/26 (a)(b) | 20,000 | 17,666 |
PRA Group, Inc. | ||
8.38%, 02/01/28 (a)(b) | 35,000 | 31,784 |
5.00%, 10/01/29 (a)(b) | 75,000 | 56,706 |
807,510 | ||
Insurance 1.7% | ||
Acrisure LLC/Acrisure Finance, Inc. | ||
7.00%, 11/15/25 (a)(b) | 50,000 | 49,412 |
10.13%, 08/01/26 (a)(b) | 25,000 | 25,774 |
6.00%, 08/01/29 (a)(b) | 35,000 | 30,178 |
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | ||
4.25%, 10/15/27 (a)(b) | 45,000 | 41,740 |
6.75%, 10/15/27 (a)(b) | 100,000 | 96,000 |
6.75%, 04/15/28 (a)(b) | 75,000 | 75,006 |
AmWINS Group, Inc. | ||
4.88%, 06/30/29 (a)(b) | 50,000 | 45,037 |
AssuredPartners, Inc. | ||
5.63%, 01/15/29 (a)(b) | 5,000 | 4,473 |
BroadStreet Partners, Inc. | ||
5.88%, 04/15/29 (a)(b) | 75,000 | 68,225 |
Global Atlantic Fin Co. | ||
4.70%, 10/15/51 (a)(b)(c) | 50,000 | 41,565 |
GTCR AP Finance, Inc. | ||
8.00%, 05/15/27 (a)(b) | 100,000 | 99,772 |
HUB International Ltd. | ||
5.63%, 12/01/29 (a)(b) | 35,000 | 31,759 |
7.25%, 06/15/30 (a)(b) | 160,000 | 163,694 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Jones Deslauriers Insurance Management, Inc. | ||
8.50%, 03/15/30 (a)(b) | 50,000 | 51,661 |
10.50%, 12/15/30 (a)(b) | 10,000 | 10,367 |
Liberty Mutual Group, Inc. | ||
7.80%, 03/07/87 (b) | 75,000 | 73,065 |
MGIC Investment Corp. | ||
5.25%, 08/15/28 (a) | 25,000 | 23,647 |
Molina Healthcare, Inc. | ||
4.38%, 06/15/28 (a)(b) | 100,000 | 92,815 |
3.88%, 05/15/32 (a)(b) | 44,000 | 36,932 |
NMI Holdings, Inc. | ||
7.38%, 06/01/25 (a)(b) | 55,000 | 55,355 |
Ryan Specialty LLC | ||
4.38%, 02/01/30 (a)(b) | 25,000 | 22,594 |
USI, Inc. | ||
6.88%, 05/01/25 (a)(b) | 25,000 | 24,831 |
1,163,902 | ||
REITs 2.1% | ||
Apollo Commercial Real Estate Finance, Inc. | ||
4.63%, 06/15/29 (a)(b) | 40,000 | 32,529 |
Blackstone Mortgage Trust, Inc. | ||
3.75%, 01/15/27 (a)(b) | 25,000 | 22,026 |
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC | ||
5.75%, 05/15/26 (a)(b) | 45,000 | 42,721 |
4.50%, 04/01/27 (a)(b) | 50,000 | 43,889 |
Diversified Healthcare Trust | ||
9.75%, 06/15/25 (a) | 25,000 | 24,823 |
4.75%, 02/15/28 (a) | 30,000 | 21,883 |
4.38%, 03/01/31 (a) | 25,000 | 17,623 |
HAT Holdings I LLC/HAT Holdings II LLC | ||
3.38%, 06/15/26 (a)(b) | 75,000 | 67,960 |
3.75%, 09/15/30 (b) | 25,000 | 19,722 |
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. | ||
4.25%, 02/01/27 (a)(b) | 40,000 | 36,939 |
4.75%, 06/15/29 (a)(b) | 40,000 | 34,855 |
MPT Operating Partnership LP/MPT Finance Corp. | ||
5.25%, 08/01/26 (a) | 25,000 | 21,780 |
5.00%, 10/15/27 (a) | 80,000 | 63,844 |
4.63%, 08/01/29 (a) | 55,000 | 39,337 |
3.50%, 03/15/31 (a) | 65,000 | 40,138 |
Necessity Retail REIT, Inc./American Finance Operating Partner LP | ||
4.50%, 09/30/28 (a)(b) | 40,000 | 32,325 |
Office Properties Income Trust | ||
2.40%, 02/01/27 (a) | 75,000 | 45,991 |
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer | ||
7.50%, 06/01/25 (a)(b) | 50,000 | 50,336 |
5.88%, 10/01/28 (a)(b) | 50,000 | 47,350 |
4.88%, 05/15/29 (a)(b) | 30,000 | 26,719 |
RHP Hotel Properties LP/RHP Finance Corp. | ||
7.25%, 07/15/28 (a)(b) | 15,000 | 15,244 |
4.50%, 02/15/29 (a)(b) | 75,000 | 67,701 |
Rithm Capital Corp. | ||
6.25%, 10/15/25 (a)(b) | 30,000 | 28,900 |
RLJ Lodging Trust LP | ||
3.75%, 07/01/26 (a)(b) | 75,000 | 69,939 |
Service Properties Trust | ||
4.35%, 10/01/24 (a) | 90,000 | 89,957 |
4.50%, 03/15/25 (a) | 30,000 | 28,955 |
7.50%, 09/15/25 (a) | 100,000 | 100,505 |
5.25%, 02/15/26 (a) | 25,000 | 23,530 |
5.50%, 12/15/27 (a) | 25,000 | 22,284 |
8.63%, 11/15/31 (a)(b) | 100,000 | 102,667 |
2
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Starwood Property Trust, Inc. | ||
3.63%, 07/15/26 (a)(b) | 65,000 | 59,682 |
4.38%, 01/15/27 (a)(b) | 25,000 | 22,895 |
XHR LP | ||
4.88%, 06/01/29 (a)(b) | 50,000 | 44,836 |
1,409,885 | ||
6,338,297 | ||
Industrial 85.1% | ||
Basic Industry 5.0% | ||
Alliance Resource Operating Partners LP/Alliance Resource Finance Corp. | ||
7.50%, 05/01/25 (a)(b) | 65,000 | 64,818 |
Arsenal AIC Parent LLC | ||
8.00%, 10/01/30 (a)(b) | 40,000 | 40,862 |
Ashland, Inc. | ||
6.88%, 05/15/43 (a) | 35,000 | 33,196 |
ASP Unifrax Holdings, Inc. | ||
5.25%, 09/30/28 (a)(b) | 55,000 | 37,877 |
7.50%, 09/30/29 (a)(b) | 15,000 | 8,001 |
ATI, Inc. | ||
4.88%, 10/01/29 (a) | 30,000 | 26,878 |
5.13%, 10/01/31 (a) | 40,000 | 35,237 |
Avient Corp. | ||
5.75%, 05/15/25 (a)(b) | 17,000 | 16,954 |
7.13%, 08/01/30 (a)(b) | 75,000 | 75,496 |
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV | ||
4.75%, 06/15/27 (a)(b) | 150,000 | 142,323 |
Baffinland Iron Mines Corp./Baffinland Iron Mines LP | ||
8.75%, 07/15/26 (a)(b) | 25,000 | 23,536 |
Big River Steel LLC/BRS Finance Corp. | ||
6.63%, 01/31/29 (a)(b) | 15,000 | 14,990 |
Calderys Financing LLC | ||
11.25%, 06/01/28 (a)(b) | 40,000 | 40,823 |
Carpenter Technology Corp. | ||
6.38%, 07/15/28 (a) | 65,000 | 63,917 |
Century Aluminum Co. | ||
7.50%, 04/01/28 (a)(b) | 15,000 | 14,210 |
Chemours Co. | ||
5.38%, 05/15/27 (a) | 20,000 | 19,026 |
5.75%, 11/15/28 (a)(b) | 50,000 | 45,309 |
4.63%, 11/15/29 (a)(b) | 36,000 | 30,279 |
Cleveland-Cliffs, Inc. | ||
5.88%, 06/01/27 (a) | 65,000 | 63,866 |
4.63%, 03/01/29 (a)(b) | 15,000 | 13,494 |
6.75%, 04/15/30 (a)(b) | 65,000 | 63,315 |
Coeur Mining, Inc. | ||
5.13%, 02/15/29 (a)(b) | 15,000 | 12,935 |
Commercial Metals Co. | ||
4.13%, 01/15/30 (a) | 40,000 | 35,207 |
Compass Minerals International, Inc. | ||
6.75%, 12/01/27 (a)(b) | 50,000 | 48,711 |
CVR Partners LP/CVR Nitrogen Finance Corp. | ||
6.13%, 06/15/28 (a)(b) | 40,000 | 36,728 |
Domtar Corp. | ||
6.75%, 10/01/28 (a)(b) | 40,000 | 34,850 |
Eldorado Gold Corp. | ||
6.25%, 09/01/29 (a)(b) | 25,000 | 22,566 |
Element Solutions, Inc. | ||
3.88%, 09/01/28 (a)(b) | 40,000 | 35,584 |
FMG Resources August 2006 Pty. Ltd. | ||
4.50%, 09/15/27 (a)(b) | 45,000 | 42,512 |
5.88%, 04/15/30 (a)(b) | 15,000 | 14,435 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
4.38%, 04/01/31 (a)(b) | 55,000 | 48,027 |
6.13%, 04/15/32 (a)(b) | 85,000 | 82,215 |
GrafTech Finance, Inc. | ||
4.63%, 12/15/28 (a)(b) | 75,000 | 50,382 |
Graphic Packaging International LLC | ||
3.50%, 03/15/28 (b) | 10,000 | 9,059 |
3.50%, 03/01/29 (a)(b) | 75,000 | 65,279 |
3.75%, 02/01/30 (a)(b) | 15,000 | 13,043 |
HB Fuller Co. | ||
4.25%, 10/15/28 (a) | 30,000 | 27,015 |
Hecla Mining Co. | ||
7.25%, 02/15/28 (a) | 25,000 | 24,734 |
Hudbay Minerals, Inc. | ||
6.13%, 04/01/29 (a)(b) | 60,000 | 56,610 |
IAMGOLD Corp. | ||
5.75%, 10/15/28 (a)(b) | 30,000 | 24,349 |
Infrabuild Australia Pty. Ltd. | ||
14.50%, 11/15/28 (a)(b) | 25,000 | 25,221 |
Innophos Holdings, Inc. | ||
9.38%, 02/15/28 (a)(b) | 22,000 | 20,253 |
Kaiser Aluminum Corp. | ||
4.63%, 03/01/28 (a)(b) | 80,000 | 70,941 |
LSB Industries, Inc. | ||
6.25%, 10/15/28 (a)(b) | 60,000 | 55,968 |
LSF11 A5 HoldCo LLC | ||
6.63%, 10/15/29 (a)(b) | 20,000 | 16,702 |
Mercer International, Inc. | ||
5.13%, 02/01/29 (a) | 90,000 | 75,279 |
Methanex Corp. | ||
5.13%, 10/15/27 (a) | 125,000 | 117,902 |
Mineral Resources Ltd. | ||
8.13%, 05/01/27 (a)(b) | 20,000 | 20,082 |
9.25%, 10/01/28 (a)(b) | 75,000 | 77,659 |
8.50%, 05/01/30 (a)(b) | 75,000 | 75,885 |
Minerals Technologies, Inc. | ||
5.00%, 07/01/28 (a)(b) | 30,000 | 27,540 |
New Gold, Inc. | ||
7.50%, 07/15/27 (a)(b) | 25,000 | 24,503 |
Novelis Corp. | ||
4.75%, 01/30/30 (a)(b) | 150,000 | 136,318 |
Nufarm Australia Ltd./Nufarm Americas, Inc. | ||
5.00%, 01/27/30 (a)(b) | 50,000 | 44,335 |
Olin Corp. | ||
5.13%, 09/15/27 (a) | 25,000 | 23,822 |
5.63%, 08/01/29 (a) | 85,000 | 81,195 |
Olympus Water U.S. Holding Corp. | ||
9.75%, 11/15/28 (a)(b) | 200,000 | 205,961 |
Rain Carbon, Inc. | ||
12.25%, 09/01/29 (a)(b) | 25,000 | 25,531 |
Rayonier AM Products, Inc. | ||
7.63%, 01/15/26 (a)(b) | 30,000 | 25,472 |
SCIH Salt Holdings, Inc. | ||
4.88%, 05/01/28 (a)(b) | 90,000 | 81,602 |
SK Invictus Intermediate II SARL | ||
5.00%, 10/30/29 (a)(b) | 40,000 | 32,536 |
SunCoke Energy, Inc. | ||
4.88%, 06/30/29 (a)(b) | 25,000 | 21,529 |
Taseko Mines Ltd. | ||
7.00%, 02/15/26 (a)(b) | 75,000 | 70,194 |
TMS International Corp. | ||
6.25%, 04/15/29 (a)(b) | 15,000 | 11,910 |
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. | ||
5.13%, 04/01/29 (a)(b) | 25,000 | 9,736 |
3
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Tronox, Inc. | ||
4.63%, 03/15/29 (a)(b) | 50,000 | 42,561 |
U.S. Steel Corp. | ||
6.88%, 03/01/29 (a) | 75,000 | 74,605 |
Verde Purchaser LLC | ||
10.50%, 11/30/30 (a)(b) | 75,000 | 75,150 |
Vibrantz Technologies, Inc. | ||
9.00%, 02/15/30 (a)(b) | 35,000 | 26,996 |
Windsor Holdings III LLC | ||
8.50%, 06/15/30 (a)(b) | 50,000 | 51,493 |
WR Grace Holdings LLC | ||
5.63%, 08/15/29 (a)(b) | 115,000 | 96,902 |
7.38%, 03/01/31 (a)(b) | 25,000 | 24,422 |
3,328,853 | ||
Capital Goods 10.8% | ||
ACProducts Holdings, Inc. | ||
6.38%, 05/15/29 (a)(b) | 35,000 | 21,756 |
Advanced Drainage Systems, Inc. | ||
6.38%, 06/15/30 (a)(b) | 50,000 | 49,162 |
Alta Equipment Group, Inc. | ||
5.63%, 04/15/26 (a)(b) | 20,000 | 18,703 |
American Builders & Contractors Supply Co., Inc. | ||
4.00%, 01/15/28 (a)(b) | 65,000 | 59,888 |
AmeriTex HoldCo Intermediate LLC | ||
10.25%, 10/15/28 (a)(b) | 25,000 | 24,469 |
Amsted Industries, Inc. | ||
5.63%, 07/01/27 (a)(b) | 40,000 | 38,336 |
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC | ||
4.00%, 09/01/29 (a)(b) | 200,000 | 159,146 |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. | ||
4.13%, 08/15/26 (a)(b) | 200,000 | 177,090 |
ATS Corp. | ||
4.13%, 12/15/28 (a)(b) | 15,000 | 13,249 |
Ball Corp. | ||
5.25%, 07/01/25 | 90,000 | 89,620 |
4.88%, 03/15/26 (a) | 55,000 | 53,939 |
6.88%, 03/15/28 (a) | 65,000 | 66,450 |
6.00%, 06/15/29 (a) | 50,000 | 49,954 |
2.88%, 08/15/30 (a) | 70,000 | 58,042 |
Beacon Roofing Supply, Inc. | ||
4.13%, 05/15/29 (a)(b) | 25,000 | 22,097 |
6.50%, 08/01/30 (a)(b) | 35,000 | 34,986 |
Berry Global, Inc. | ||
5.63%, 07/15/27 (a)(b) | 40,000 | 39,139 |
BlueLinx Holdings, Inc. | ||
6.00%, 11/15/29 (a)(b) | 15,000 | 13,486 |
Bombardier, Inc. | ||
7.50%, 03/15/25 (a)(b) | 20,000 | 20,009 |
7.13%, 06/15/26 (a)(b) | 65,000 | 65,061 |
7.88%, 04/15/27 (a)(b) | 150,000 | 150,237 |
6.00%, 02/15/28 (a)(b) | 50,000 | 47,172 |
7.50%, 02/01/29 (a)(b) | 30,000 | 29,751 |
8.75%, 11/15/30 (a)(b) | 100,000 | 102,505 |
Builders FirstSource, Inc. | ||
4.25%, 02/01/32 (a)(b) | 150,000 | 128,793 |
BWX Technologies, Inc. | ||
4.13%, 04/15/29 (a)(b) | 40,000 | 36,082 |
Camelot Return Merger Sub, Inc. | ||
8.75%, 08/01/28 (a)(b) | 55,000 | 54,297 |
Chart Industries, Inc. | ||
7.50%, 01/01/30 (a)(b) | 115,000 | 117,433 |
9.50%, 01/01/31 (a)(b) | 10,000 | 10,681 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Clean Harbors, Inc. | ||
4.88%, 07/15/27 (a)(b) | 55,000 | 53,014 |
6.38%, 02/01/31 (a)(b) | 20,000 | 19,860 |
Clydesdale Acquisition Holdings, Inc. | ||
8.75%, 04/15/30 (a)(b) | 80,000 | 71,854 |
Cornerstone Building Brands, Inc. | ||
6.13%, 01/15/29 (a)(b) | 35,000 | 27,509 |
Covanta Holding Corp. | ||
4.88%, 12/01/29 (a)(b) | 25,000 | 20,772 |
CP Atlas Buyer, Inc. | ||
7.00%, 12/01/28 (a)(b) | 50,000 | 41,000 |
Crown Americas LLC/Crown Americas Capital Corp. V | ||
4.25%, 09/30/26 (a) | 85,000 | 81,350 |
Crown Americas LLC/Crown Americas Capital Corp. VI | ||
4.75%, 02/01/26 (a) | 50,000 | 48,792 |
Crown Cork & Seal Co., Inc. | ||
7.38%, 12/15/26 | 29,000 | 29,938 |
Eco Material Technologies, Inc. | ||
7.88%, 01/31/27 (a)(b) | 60,000 | 59,028 |
Emerald Debt Merger Sub LLC | ||
6.63%, 12/15/30 (a)(b) | 105,000 | 104,869 |
Enviri Corp. | ||
5.75%, 07/31/27 (a)(b) | 25,000 | 21,785 |
EquipmentShare.com, Inc. | ||
9.00%, 05/15/28 (a)(b) | 60,000 | 59,175 |
Foundation Building Materials, Inc. | ||
6.00%, 03/01/29 (a)(b) | 25,000 | 21,456 |
FXI Holdings, Inc. | ||
12.25%, 11/15/26 (a)(b) | 60,000 | 52,673 |
Gates Global LLC/Gates Corp. | ||
6.25%, 01/15/26 (a)(b) | 40,000 | 39,595 |
GFL Environmental, Inc. | ||
4.25%, 06/01/25 (a)(b) | 85,000 | 83,112 |
3.75%, 08/01/25 (a)(b) | 25,000 | 24,166 |
5.13%, 12/15/26 (a)(b) | 100,000 | 97,091 |
4.00%, 08/01/28 (a)(b) | 25,000 | 22,333 |
4.75%, 06/15/29 (a)(b) | 100,000 | 91,439 |
Griffon Corp. | ||
5.75%, 03/01/28 (a) | 65,000 | 61,520 |
H&E Equipment Services, Inc. | ||
3.88%, 12/15/28 (a)(b) | 70,000 | 62,036 |
Herc Holdings, Inc. | ||
5.50%, 07/15/27 (a)(b) | 75,000 | 72,881 |
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co.-Issuer LLC | ||
6.00%, 09/15/28 (a)(b) | 50,000 | 44,948 |
JELD-WEN, Inc. | ||
4.63%, 12/15/25 (a)(b) | 65,000 | 62,289 |
Knife River Corp. | ||
7.75%, 05/01/31 (a)(b) | 35,000 | 35,975 |
LABL, Inc. | ||
6.75%, 07/15/26 (a)(b) | 50,000 | 47,566 |
10.50%, 07/15/27 (a)(b) | 25,000 | 22,740 |
5.88%, 11/01/28 (a)(b) | 43,000 | 37,642 |
8.25%, 11/01/29 (a)(b) | 15,000 | 12,028 |
LBM Acquisition LLC | ||
6.25%, 01/15/29 (a)(b) | 50,000 | 41,944 |
Madison IAQ LLC | ||
4.13%, 06/30/28 (a)(b) | 30,000 | 26,674 |
5.88%, 06/30/29 (a)(b) | 57,000 | 47,865 |
Masonite International Corp. | ||
5.38%, 02/01/28 (a)(b) | 40,000 | 38,038 |
4
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mauser Packaging Solutions Holding Co. | ||
7.88%, 08/15/26 (a)(b) | 200,000 | 198,857 |
9.25%, 04/15/27 (a)(b) | 50,000 | 45,553 |
Maxim Crane Works Holdings Capital LLC | ||
11.50%, 09/01/28 (a)(b) | 25,000 | 24,994 |
MIWD Holdco II LLC/MIWD Finance Corp. | ||
5.50%, 02/01/30 (a)(b) | 25,000 | 21,201 |
Moog, Inc. | ||
4.25%, 12/15/27 (a)(b) | 25,000 | 23,224 |
Mueller Water Products, Inc. | ||
4.00%, 06/15/29 (a)(b) | 25,000 | 22,082 |
NESCO Holdings II, Inc. | ||
5.50%, 04/15/29 (a)(b) | 25,000 | 22,438 |
New Enterprise Stone & Lime Co., Inc. | ||
5.25%, 07/15/28 (a)(b) | 40,000 | 37,262 |
OI European Group BV | ||
4.75%, 02/15/30 (a)(b) | 20,000 | 18,015 |
Oscar AcquisitionCo LLC/Oscar Finance, Inc. | ||
9.50%, 04/15/30 (a)(b) | 25,000 | 22,795 |
OT Merger Corp. | ||
7.88%, 10/15/29 (a)(b) | 15,000 | 8,510 |
Owens-Brockway Glass Container, Inc. | ||
6.63%, 05/13/27 (a)(b) | 25,000 | 24,762 |
7.25%, 05/15/31 (a)(b) | 75,000 | 74,532 |
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC | ||
4.00%, 10/15/27 (a)(b) | 100,000 | 91,594 |
Park River Holdings, Inc. | ||
5.63%, 02/01/29 (a)(b) | 12,000 | 9,042 |
6.75%, 08/01/29 (a)(b) | 20,000 | 15,326 |
Patrick Industries, Inc. | ||
4.75%, 05/01/29 (a)(b) | 10,000 | 8,650 |
PECF USS Intermediate Holding III Corp. | ||
8.00%, 11/15/29 (a)(b) | 29,000 | 13,433 |
PGT Innovations, Inc. | ||
4.38%, 10/01/29 (a)(b) | 35,000 | 33,147 |
Ritchie Bros Holdings, Inc. | ||
6.75%, 03/15/28 (a)(b) | 38,000 | 38,749 |
7.75%, 03/15/31 (a)(b) | 30,000 | 31,166 |
Roller Bearing Co. of America, Inc. | ||
4.38%, 10/15/29 (a)(b) | 30,000 | 26,979 |
Sealed Air Corp. | ||
4.00%, 12/01/27 (a)(b) | 100,000 | 91,984 |
Sealed Air Corp./Sealed Air Corp. U.S. | ||
6.13%, 02/01/28 (a)(b) | 60,000 | 59,400 |
7.25%, 02/15/31 (a)(b) | 25,000 | 25,624 |
Smyrna Ready Mix Concrete LLC | ||
6.00%, 11/01/28 (a)(b) | 95,000 | 90,364 |
8.88%, 11/15/31 (a)(b) | 50,000 | 50,911 |
Specialty Building Products Holdings LLC/SBP Finance Corp. | ||
6.38%, 09/30/26 (a)(b) | 35,000 | 33,984 |
Spirit AeroSystems, Inc. | ||
9.38%, 11/30/29 (a)(b) | 145,000 | 156,968 |
9.75%, 11/15/30 (a)(b) | 75,000 | 79,073 |
SPX FLOW, Inc. | ||
8.75%, 04/01/30 (a)(b) | 45,000 | 43,015 |
SRS Distribution, Inc. | ||
4.63%, 07/01/28 (a)(b) | 75,000 | 68,528 |
6.00%, 12/01/29 (a)(b) | 15,000 | 13,062 |
Standard Industries, Inc. | ||
5.00%, 02/15/27 (a)(b) | 130,000 | 124,593 |
4.75%, 01/15/28 (a)(b) | 25,000 | 23,521 |
4.38%, 07/15/30 (a)(b) | 50,000 | 43,874 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Stericycle, Inc. | ||
3.88%, 01/15/29 (a)(b) | 55,000 | 48,538 |
Summit Materials LLC/Summit Materials Finance Corp. | ||
5.25%, 01/15/29 (a)(b) | 65,000 | 60,840 |
Terex Corp. | ||
5.00%, 05/15/29 (a)(b) | 40,000 | 36,708 |
Titan Acquisition Ltd./Titan Co.-Borrower LLC | ||
7.75%, 04/15/26 (a)(b) | 40,000 | 39,560 |
Titan International, Inc. | ||
7.00%, 04/30/28 (a) | 65,000 | 62,821 |
TK Elevator U.S. Newco, Inc. | ||
5.25%, 07/15/27 (a)(b) | 200,000 | 190,199 |
TransDigm, Inc. | ||
6.25%, 03/15/26 (a)(b) | 255,000 | 253,452 |
7.50%, 03/15/27 (a) | 15,000 | 15,016 |
5.50%, 11/15/27 (a) | 150,000 | 144,526 |
6.75%, 08/15/28 (a)(b) | 116,000 | 116,353 |
4.63%, 01/15/29 (a) | 85,000 | 76,752 |
4.88%, 05/01/29 (a) | 25,000 | 22,676 |
6.88%, 12/15/30 (a)(b) | 75,000 | 75,148 |
7.13%, 12/01/31 (a)(b) | 75,000 | 76,379 |
Trident TPI Holdings, Inc. | ||
12.75%, 12/31/28 (a)(b) | 25,000 | 26,406 |
Trinity Industries, Inc. | ||
4.55%, 10/01/24 (a) | 65,000 | 63,582 |
Triumph Group, Inc. | ||
7.75%, 08/15/25 (a) | 25,000 | 24,525 |
9.00%, 03/15/28 (a)(b) | 95,000 | 97,639 |
United Rentals North America, Inc. | ||
4.88%, 01/15/28 (a) | 30,000 | 28,879 |
5.25%, 01/15/30 (a) | 70,000 | 66,939 |
3.88%, 02/15/31 (a) | 175,000 | 152,543 |
3.75%, 01/15/32 (a) | 30,000 | 25,432 |
Vertiv Group Corp. | ||
4.13%, 11/15/28 (a)(b) | 65,000 | 58,913 |
Waste Pro USA, Inc. | ||
5.50%, 02/15/26 (a)(b) | 25,000 | 23,615 |
WESCO Distribution, Inc. | ||
7.13%, 06/15/25 (a)(b) | 65,000 | 65,145 |
7.25%, 06/15/28 (a)(b) | 110,000 | 111,949 |
White Cap Buyer LLC | ||
6.88%, 10/15/28 (a)(b) | 25,000 | 22,832 |
7,141,069 | ||
Communications 14.8% | ||
Advantage Sales & Marketing, Inc. | ||
6.50%, 11/15/28 (a)(b) | 40,000 | 35,697 |
Allen Media LLC/Allen Media Co.-Issuer, Inc. | ||
10.50%, 02/15/28 (a)(b) | 35,000 | 17,683 |
Altice Financing SA | ||
5.75%, 08/15/29 (a)(b) | 200,000 | 164,671 |
Altice France SA | ||
8.13%, 02/01/27 (a)(b) | 480,000 | 413,290 |
5.50%, 10/15/29 (a)(b) | 200,000 | 144,546 |
AMC Networks, Inc. | ||
4.75%, 08/01/25 (a) | 50,000 | 47,496 |
4.25%, 02/15/29 (a) | 45,000 | 31,545 |
Beasley Mezzanine Holdings LLC | ||
8.63%, 02/01/26 (a)(b) | 5,000 | 3,206 |
Block Communications, Inc. | ||
4.88%, 03/01/28 (a)(b) | 15,000 | 12,770 |
C&W Senior Financing DAC | ||
6.88%, 09/15/27 (a)(b) | 200,000 | 182,697 |
5
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Cable One, Inc. | ||
4.00%, 11/15/30 (a)(b) | 50,000 | 39,064 |
CCO Holdings LLC/CCO Holdings Capital Corp. | ||
5.50%, 05/01/26 (a)(b) | 50,000 | 48,954 |
5.13%, 05/01/27 (a)(b) | 305,000 | 290,542 |
5.00%, 02/01/28 (a)(b) | 100,000 | 93,804 |
5.38%, 06/01/29 (a)(b) | 75,000 | 69,596 |
4.75%, 03/01/30 (a)(b) | 310,000 | 271,497 |
4.50%, 08/15/30 (a)(b) | 175,000 | 150,262 |
4.25%, 02/01/31 (a)(b) | 225,000 | 187,835 |
4.75%, 02/01/32 (a)(b) | 80,000 | 67,250 |
4.50%, 05/01/32 (a) | 190,000 | 156,631 |
4.50%, 06/01/33 (a)(b) | 50,000 | 40,036 |
Clear Channel Outdoor Holdings, Inc. | ||
5.13%, 08/15/27 (a)(b) | 75,000 | 69,499 |
7.75%, 04/15/28 (a)(b) | 55,000 | 45,137 |
9.00%, 09/15/28 (a)(b) | 30,000 | 30,330 |
7.50%, 06/01/29 (a)(b) | 65,000 | 51,279 |
CMG Media Corp. | ||
8.88%, 12/15/27 (a)(b) | 40,000 | 32,038 |
Cogent Communications Group, Inc. | ||
3.50%, 05/01/26 (a)(b) | 25,000 | 23,334 |
Consolidated Communications, Inc. | ||
6.50%, 10/01/28 (a)(b) | 35,000 | 28,963 |
CSC Holdings LLC | ||
5.38%, 02/01/28 (a)(b) | 200,000 | 170,246 |
11.25%, 05/15/28 (a)(b) | 300,000 | 299,763 |
5.75%, 01/15/30 (a)(b) | 325,000 | 183,883 |
Deluxe Corp. | ||
8.00%, 06/01/29 (a)(b) | 25,000 | 21,102 |
Directv Financing LLC/Directv Financing Co.-Obligor, Inc. | ||
5.88%, 08/15/27 (a)(b) | 200,000 | 180,169 |
DISH DBS Corp. | ||
5.88%, 11/15/24 | 100,000 | 87,890 |
7.75%, 07/01/26 | 90,000 | 53,806 |
5.25%, 12/01/26 (a)(b) | 131,000 | 105,576 |
7.38%, 07/01/28 (a) | 45,000 | 22,289 |
5.75%, 12/01/28 (a)(b) | 195,000 | 144,799 |
5.13%, 06/01/29 | 25,000 | 11,347 |
DISH Network Corp. | ||
11.75%, 11/15/27 (a)(b) | 210,000 | 208,707 |
Embarq Corp. | ||
8.00%, 06/01/36 | 52,000 | 29,943 |
Frontier Communications Holdings LLC | ||
5.88%, 10/15/27 (a)(b) | 52,000 | 48,904 |
5.00%, 05/01/28 (a)(b) | 140,000 | 125,729 |
6.75%, 05/01/29 (a)(b) | 19,000 | 16,118 |
8.75%, 05/15/30 (a)(b) | 100,000 | 99,813 |
8.63%, 03/15/31 (a)(b) | 40,000 | 39,432 |
Frontier Florida LLC | ||
6.86%, 02/01/28 | 20,000 | 19,039 |
Gannett Holdings LLC | ||
6.00%, 11/01/26 (a)(b) | 25,000 | 21,977 |
GCI LLC | ||
4.75%, 10/15/28 (a)(b) | 25,000 | 22,463 |
Getty Images, Inc. | ||
9.75%, 03/01/27 (a)(b) | 25,000 | 25,064 |
Gray Escrow II, Inc. | ||
5.38%, 11/15/31 (a)(b) | 105,000 | 74,952 |
Gray Television, Inc. | ||
5.88%, 07/15/26 (a)(b) | 30,000 | 28,074 |
4.75%, 10/15/30 (a)(b) | 50,000 | 35,742 |
Hughes Satellite Systems Corp. | ||
5.25%, 08/01/26 | 60,000 | 51,298 |
6.63%, 08/01/26 | 50,000 | 39,380 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
iHeartCommunications, Inc. | ||
6.38%, 05/01/26 (a) | 65,000 | 55,391 |
8.38%, 05/01/27 (a) | 25,000 | 17,522 |
5.25%, 08/15/27 (a)(b) | 20,000 | 15,350 |
4.75%, 01/15/28 (a)(b) | 40,000 | 30,566 |
Iliad Holding SASU | ||
6.50%, 10/15/26 (a)(b) | 200,000 | 195,305 |
INNOVATE Corp. | ||
8.50%, 02/01/26 (a)(b) | 15,000 | 11,476 |
Intelsat Jackson Holdings SA | ||
6.50%, 03/15/30 (a)(b) | 200,000 | 185,832 |
Lamar Media Corp. | ||
3.75%, 02/15/28 (a) | 68,000 | 62,839 |
3.63%, 01/15/31 (a) | 30,000 | 25,696 |
Level 3 Financing, Inc. | ||
4.63%, 09/15/27 (a)(b) | 115,000 | 61,078 |
4.25%, 07/01/28 (a)(b) | 90,000 | 35,873 |
10.50%, 05/15/30 (a)(b) | 70,000 | 64,988 |
Liberty Interactive LLC | ||
8.50%, 07/15/29 | 15,000 | 6,128 |
8.25%, 02/01/30 | 15,000 | 5,946 |
Lions Gate Capital Holdings LLC | ||
5.50%, 04/15/29 (a)(b) | 25,000 | 15,526 |
Lumen Technologies, Inc. | ||
4.00%, 02/15/27 (a)(b) | 62,000 | 32,821 |
4.50%, 01/15/29 (a)(b) | 55,000 | 13,365 |
7.60%, 09/15/39 | 37,000 | 9,188 |
McGraw-Hill Education, Inc. | ||
5.75%, 08/01/28 (a)(b) | 55,000 | 50,240 |
8.00%, 08/01/29 (a)(b) | 27,000 | 24,351 |
Midcontinent Communications/Midcontinent Finance Corp. | ||
5.38%, 08/15/27 (a)(b) | 25,000 | 23,280 |
Millennium Escrow Corp. | ||
6.63%, 08/01/26 (a)(b) | 40,000 | 30,917 |
News Corp. | ||
3.88%, 05/15/29 (a)(b) | 50,000 | 44,266 |
Nexstar Media, Inc. | ||
5.63%, 07/15/27 (a)(b) | 115,000 | 109,011 |
4.75%, 11/01/28 (a)(b) | 25,000 | 22,152 |
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. | ||
6.00%, 02/15/28 (a)(b) | 15,000 | 12,727 |
10.75%, 06/01/28 (a)(b) | 15,000 | 14,550 |
Outfront Media Capital LLC/Outfront Media Capital Corp. | ||
5.00%, 08/15/27 (a)(b) | 35,000 | 33,030 |
4.25%, 01/15/29 (a)(b) | 15,000 | 12,965 |
4.63%, 03/15/30 (a)(b) | 65,000 | 55,868 |
Paramount Global | ||
6.25%, 02/28/57 (a)(c) | 35,000 | 27,497 |
6.38%, 03/30/62 (a)(c) | 85,000 | 68,482 |
Qwest Corp. | ||
7.25%, 09/15/25 | 60,000 | 56,754 |
Radiate Holdco LLC/Radiate Finance, Inc. | ||
4.50%, 09/15/26 (a)(b) | 30,000 | 22,381 |
6.50%, 09/15/28 (a)(b) | 62,000 | 29,109 |
ROBLOX Corp. | ||
3.88%, 05/01/30 (a)(b) | 77,000 | 66,204 |
Rogers Communications, Inc. | ||
5.25%, 03/15/82 (a)(b)(c) | 80,000 | 73,779 |
RR Donnelley & Sons Co. | ||
9.75%, 07/31/28 (a)(b) | 25,000 | 24,828 |
SBA Communications Corp. | ||
3.88%, 02/15/27 (a) | 40,000 | 37,683 |
3.13%, 02/01/29 (a) | 140,000 | 122,037 |
6
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Scripps Escrow II, Inc. | ||
3.88%, 01/15/29 (a)(b) | 75,000 | 63,089 |
Sinclair Television Group, Inc. | ||
5.50%, 03/01/30 (a)(b) | 30,000 | 22,176 |
4.13%, 12/01/30 (a)(b) | 60,000 | 42,197 |
Sirius XM Radio, Inc. | ||
3.13%, 09/01/26 (a)(b) | 94,000 | 86,570 |
5.00%, 08/01/27 (a)(b) | 85,000 | 80,826 |
4.00%, 07/15/28 (a)(b) | 120,000 | 107,317 |
5.50%, 07/01/29 (a)(b) | 20,000 | 18,600 |
4.13%, 07/01/30 (a)(b) | 88,000 | 74,305 |
3.88%, 09/01/31 (a)(b) | 85,000 | 68,828 |
Spanish Broadcasting System, Inc. | ||
9.75%, 03/01/26 (a)(b) | 15,000 | 8,690 |
Stagwell Global LLC | ||
5.63%, 08/15/29 (a)(b) | 55,000 | 48,233 |
TEGNA, Inc. | ||
4.75%, 03/15/26 (a)(b) | 20,000 | 19,269 |
4.63%, 03/15/28 (a) | 50,000 | 45,659 |
5.00%, 09/15/29 (a) | 50,000 | 44,467 |
Telecom Italia Capital SA | ||
6.38%, 11/15/33 | 160,000 | 150,128 |
6.00%, 09/30/34 | 40,000 | 36,136 |
7.20%, 07/18/36 | 55,000 | 53,478 |
Telesat Canada/Telesat LLC | ||
5.63%, 12/06/26 (a)(b) | 30,000 | 18,178 |
4.88%, 06/01/27 (a)(b) | 20,000 | 11,800 |
6.50%, 10/15/27 (a)(b) | 20,000 | 9,483 |
Townsquare Media, Inc. | ||
6.88%, 02/01/26 (a)(b) | 20,000 | 19,294 |
U.S. Cellular Corp. | ||
6.70%, 12/15/33 | 30,000 | 29,434 |
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC | ||
6.00%, 01/15/30 (a)(b) | 50,000 | 32,462 |
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC | ||
10.50%, 02/15/28 (a)(b) | 145,000 | 142,763 |
4.75%, 04/15/28 (a)(b) | 40,000 | 33,196 |
6.50%, 02/15/29 (a)(b) | 70,000 | 46,654 |
Univision Communications, Inc. | ||
6.63%, 06/01/27 (a)(b) | 125,000 | 123,325 |
8.00%, 08/15/28 (a)(b) | 100,000 | 101,167 |
4.50%, 05/01/29 (a)(b) | 20,000 | 17,564 |
7.38%, 06/30/30 (a)(b) | 50,000 | 49,108 |
UPC Broadband Finco BV | ||
4.88%, 07/15/31 (a)(b) | 200,000 | 168,889 |
Urban One, Inc. | ||
7.38%, 02/01/28 (a)(b) | 50,000 | 42,431 |
Viasat, Inc. | ||
5.63%, 09/15/25 (a)(b) | 50,000 | 47,788 |
5.63%, 04/15/27 (a)(b) | 50,000 | 46,353 |
6.50%, 07/15/28 (a)(b) | 15,000 | 11,453 |
7.50%, 05/30/31 (a)(b) | 50,000 | 35,813 |
Videotron Ltd. | ||
5.13%, 04/15/27 (a)(b) | 70,000 | 67,781 |
Virgin Media Secured Finance PLC | ||
5.50%, 05/15/29 (a)(b) | 200,000 | 188,337 |
Vmed O2 U.K. Financing I PLC | ||
4.75%, 07/15/31 (a)(b) | 200,000 | 171,007 |
Vodafone Group PLC | ||
7.00%, 04/04/79 (a)(c) | 110,000 | 111,377 |
3.25%, 06/04/81 (a)(c) | 25,000 | 22,845 |
4.13%, 06/04/81 (a)(c) | 10,000 | 8,077 |
5.13%, 06/04/81 (a)(c) | 140,000 | 96,377 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Windstream Escrow LLC/Windstream Escrow Finance Corp. | ||
7.75%, 08/15/28 (a)(b) | 85,000 | 70,158 |
WMG Acquisition Corp. | ||
3.75%, 12/01/29 (a)(b) | 75,000 | 65,619 |
Zayo Group Holdings, Inc. | ||
4.00%, 03/01/27 (a)(b) | 73,000 | 55,777 |
6.13%, 03/01/28 (a)(b) | 62,000 | 41,692 |
Ziggo Bond Co. BV | ||
6.00%, 01/15/27 (a)(b) | 200,000 | 190,672 |
9,771,000 | ||
Consumer Cyclical 19.0% | ||
1011778 BC ULC/New Red Finance, Inc. | ||
4.38%, 01/15/28 (a)(b) | 50,000 | 46,450 |
3.50%, 02/15/29 (a)(b) | 50,000 | 44,565 |
4.00%, 10/15/30 (a)(b) | 255,000 | 220,025 |
99 Escrow Issuer, Inc. | ||
7.50%, 01/15/26 (a)(b) | 35,000 | 12,321 |
Adient Global Holdings Ltd. | ||
7.00%, 04/15/28 (a)(b) | 79,000 | 80,319 |
8.25%, 04/15/31 (a)(b) | 25,000 | 25,434 |
ADT Security Corp. | ||
4.13%, 08/01/29 (a)(b) | 100,000 | 88,957 |
4.88%, 07/15/32 (b) | 15,000 | 13,158 |
Affinity Interactive | ||
6.88%, 12/15/27 (a)(b) | 35,000 | 30,498 |
Allied Universal Holdco LLC/Allied Universal Finance Corp. | ||
6.63%, 07/15/26 (a)(b) | 100,000 | 97,280 |
9.75%, 07/15/27 (a)(b) | 75,000 | 69,086 |
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL | ||
4.63%, 06/01/28 (a)(b) | 200,000 | 173,687 |
Allison Transmission, Inc. | ||
5.88%, 06/01/29 (a)(b) | 50,000 | 48,425 |
3.75%, 01/30/31 (a)(b) | 75,000 | 62,689 |
AMC Entertainment Holdings, Inc. | ||
7.50%, 02/15/29 (a)(b) | 80,000 | 54,356 |
American Axle & Manufacturing, Inc. | ||
6.50%, 04/01/27 (a) | 75,000 | 72,396 |
Anywhere Real Estate Group LLC/Anywhere Co.-Issuer Corp. | ||
7.00%, 04/15/30 (a)(b) | 55,000 | 47,644 |
APX Group, Inc. | ||
5.75%, 07/15/29 (a)(b) | 65,000 | 58,097 |
Arches Buyer, Inc. | ||
4.25%, 06/01/28 (a)(b) | 50,000 | 43,618 |
6.13%, 12/01/28 (a)(b) | 40,000 | 34,288 |
Asbury Automotive Group, Inc. | ||
4.63%, 11/15/29 (a)(b) | 70,000 | 63,097 |
5.00%, 02/15/32 (a)(b) | 51,000 | 44,517 |
Ashton Woods USA LLC/Ashton Woods Finance Co. | ||
4.63%, 08/01/29 (a)(b) | 25,000 | 21,092 |
Aston Martin Capital Holdings Ltd. | ||
10.50%, 11/30/25 (a)(b) | 200,000 | 200,191 |
Bath & Body Works, Inc. | ||
7.50%, 06/15/29 (a) | 65,000 | 66,790 |
6.63%, 10/01/30 (a)(b) | 25,000 | 24,768 |
6.95%, 03/01/33 | 75,000 | 70,187 |
6.88%, 11/01/35 | 75,000 | 71,011 |
Beazer Homes USA, Inc. | ||
7.25%, 10/15/29 (a) | 90,000 | 87,070 |
Bloomin' Brands, Inc./OSI Restaurant Partners LLC | ||
5.13%, 04/15/29 (a)(b) | 15,000 | 13,303 |
7
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Boyd Gaming Corp. | ||
4.75%, 12/01/27 (a) | 15,000 | 14,228 |
4.75%, 06/15/31 (a)(b) | 95,000 | 84,145 |
Boyne USA, Inc. | ||
4.75%, 05/15/29 (a)(b) | 25,000 | 22,617 |
Brinker International, Inc. | ||
8.25%, 07/15/30 (a)(b) | 25,000 | 25,117 |
Brink's Co. | ||
4.63%, 10/15/27 (a)(b) | 40,000 | 37,530 |
Brookfield Residential Properties, Inc./Brookfield Residential U.S. LLC | ||
5.00%, 06/15/29 (a)(b) | 65,000 | 54,899 |
4.88%, 02/15/30 (a)(b) | 25,000 | 21,132 |
Caesars Entertainment, Inc. | ||
6.25%, 07/01/25 (a)(b) | 225,000 | 223,894 |
8.13%, 07/01/27 (a)(b) | 150,000 | 152,941 |
4.63%, 10/15/29 (a)(b) | 50,000 | 43,968 |
7.00%, 02/15/30 (a)(b) | 100,000 | 100,185 |
Caesars Resort Collection LLC/CRC Finco, Inc. | ||
5.75%, 07/01/25 (a)(b) | 88,000 | 87,602 |
Carnival Corp. | ||
7.63%, 03/01/26 (a)(b) | 65,000 | 65,410 |
5.75%, 03/01/27 (a)(b) | 310,000 | 294,937 |
4.00%, 08/01/28 (a)(b) | 115,000 | 104,270 |
6.00%, 05/01/29 (a)(b) | 50,000 | 46,040 |
7.00%, 08/15/29 (a)(b) | 10,000 | 10,203 |
10.50%, 06/01/30 (a)(b) | 130,000 | 138,727 |
Carnival Holdings Bermuda Ltd. | ||
10.38%, 05/01/28 (a)(b) | 25,000 | 27,209 |
Carriage Services, Inc. | ||
4.25%, 05/15/29 (a)(b) | 25,000 | 21,172 |
Carrols Restaurant Group, Inc. | ||
5.88%, 07/01/29 (a)(b) | 15,000 | 13,131 |
Cars.com, Inc. | ||
6.38%, 11/01/28 (a)(b) | 20,000 | 18,946 |
CCM Merger, Inc. | ||
6.38%, 05/01/26 (a)(b) | 10,000 | 9,609 |
CDI Escrow Issuer, Inc. | ||
5.75%, 04/01/30 (a)(b) | 105,000 | 98,654 |
CEC Entertainment LLC | ||
6.75%, 05/01/26 (a)(b) | 75,000 | 72,545 |
Cedar Fair LP | ||
5.25%, 07/15/29 (a) | 65,000 | 59,480 |
Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium Op | ||
5.38%, 04/15/27 (a) | 70,000 | 68,321 |
Century Communities, Inc. | ||
6.75%, 06/01/27 (a) | 70,000 | 70,077 |
3.88%, 08/15/29 (a)(b) | 25,000 | 21,719 |
Churchill Downs, Inc. | ||
5.50%, 04/01/27 (a)(b) | 34,000 | 32,834 |
4.75%, 01/15/28 (a)(b) | 35,000 | 32,565 |
6.75%, 05/01/31 (a)(b) | 30,000 | 29,515 |
Cinemark USA, Inc. | ||
5.88%, 03/15/26 (a)(b) | 25,000 | 24,275 |
5.25%, 07/15/28 (a)(b) | 35,000 | 31,544 |
Clarios Global LP | ||
6.75%, 05/15/25 (a)(b) | 25,000 | 25,078 |
Clarios Global LP/Clarios U.S. Finance Co. | ||
6.25%, 05/15/26 (a)(b) | 95,000 | 94,536 |
8.50%, 05/15/27 (a)(b) | 90,000 | 90,708 |
6.75%, 05/15/28 (a)(b) | 25,000 | 25,240 |
ClubCorp Holdings, Inc. | ||
8.50%, 09/15/25 (a)(b) | 25,000 | 21,950 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
CoreCivic, Inc. | ||
8.25%, 04/15/26 (a) | 25,000 | 25,516 |
Cushman & Wakefield U.S. Borrower LLC | ||
6.75%, 05/15/28 (a)(b) | 45,000 | 42,793 |
8.88%, 09/01/31 (a)(b) | 25,000 | 25,080 |
Dana, Inc. | ||
4.25%, 09/01/30 (a) | 100,000 | 84,938 |
Dave & Buster's, Inc. | ||
7.63%, 11/01/25 (a)(b) | 90,000 | 90,322 |
Evergreen Acqco 1 LP/TVI, Inc. | ||
9.75%, 04/26/28 (a)(b) | 20,000 | 20,767 |
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc. | ||
4.63%, 01/15/29 (a)(b) | 75,000 | 66,694 |
6.75%, 01/15/30 (a)(b) | 70,000 | 59,136 |
Foot Locker, Inc. | ||
4.00%, 10/01/29 (a)(b) | 20,000 | 16,160 |
Forestar Group, Inc. | ||
3.85%, 05/15/26 (a)(b) | 15,000 | 13,974 |
5.00%, 03/01/28 (a)(b) | 10,000 | 9,263 |
Full House Resorts, Inc. | ||
8.25%, 02/15/28 (a)(b) | 20,000 | 17,985 |
Gap, Inc. | ||
3.63%, 10/01/29 (a)(b) | 75,000 | 61,799 |
3.88%, 10/01/31 (a)(b) | 25,000 | 19,764 |
Garda World Security Corp. | ||
4.63%, 02/15/27 (a)(b) | 112,000 | 106,599 |
6.00%, 06/01/29 (a)(b) | 35,000 | 29,178 |
Go Daddy Operating Co. LLC/GD Finance Co., Inc. | ||
5.25%, 12/01/27 (a)(b) | 50,000 | 48,414 |
3.50%, 03/01/29 (a)(b) | 50,000 | 44,068 |
Goodyear Tire & Rubber Co. | ||
5.00%, 05/31/26 (a) | 40,000 | 38,788 |
4.88%, 03/15/27 (a) | 120,000 | 113,403 |
5.00%, 07/15/29 (a) | 145,000 | 132,383 |
GPS Hospitality Holding Co. LLC/GPS Finco, Inc. | ||
7.00%, 08/15/28 (a)(b) | 20,000 | 13,990 |
Group 1 Automotive, Inc. | ||
4.00%, 08/15/28 (a)(b) | 40,000 | 36,073 |
GrubHub Holdings, Inc. | ||
5.50%, 07/01/27 (a)(b) | 32,000 | 25,754 |
Guitar Center, Inc. | ||
8.50%, 01/15/26 (a)(b) | 15,000 | 12,275 |
Hanesbrands, Inc. | ||
4.88%, 05/15/26 (a)(b) | 30,000 | 28,293 |
9.00%, 02/15/31 (a)(b) | 45,000 | 42,463 |
Hilton Domestic Operating Co., Inc. | ||
5.75%, 05/01/28 (a)(b) | 25,000 | 24,652 |
3.75%, 05/01/29 (a)(b) | 25,000 | 22,476 |
3.63%, 02/15/32 (a)(b) | 255,000 | 214,409 |
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc. | ||
5.00%, 06/01/29 (a)(b) | 65,000 | 57,462 |
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. | ||
4.88%, 04/01/27 (a) | 20,000 | 19,464 |
International Game Technology PLC | ||
4.13%, 04/15/26 (a)(b) | 200,000 | 190,904 |
IRB Holding Corp. | ||
7.00%, 06/15/25 (a)(b) | 25,000 | 24,976 |
Jacobs Entertainment, Inc. | ||
6.75%, 02/15/29 (a)(b) | 25,000 | 22,422 |
Jaguar Land Rover Automotive PLC | ||
7.75%, 10/15/25 (a)(b) | 200,000 | 202,155 |
8
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
JB Poindexter & Co., Inc. | ||
7.13%, 04/15/26 (a)(b) | 45,000 | 44,309 |
KB Home | ||
4.00%, 06/15/31 (a) | 60,000 | 50,797 |
Kohl's Corp. | ||
4.63%, 05/01/31 (a)(d) | 75,000 | 54,916 |
Las Vegas Sands Corp. | ||
3.50%, 08/18/26 (a) | 75,000 | 70,364 |
3.90%, 08/08/29 (a) | 60,000 | 53,631 |
LCM Investments Holdings II LLC | ||
4.88%, 05/01/29 (a)(b) | 50,000 | 43,725 |
LGI Homes, Inc. | ||
8.75%, 12/15/28 (a)(b) | 25,000 | 25,731 |
4.00%, 07/15/29 (a)(b) | 15,000 | 12,391 |
Life Time, Inc. | ||
5.75%, 01/15/26 (a)(b) | 25,000 | 24,523 |
8.00%, 04/15/26 (a)(b) | 20,000 | 20,015 |
Light & Wonder International, Inc. | ||
7.00%, 05/15/28 (a)(b) | 75,000 | 75,141 |
7.50%, 09/01/31 (a)(b) | 25,000 | 25,383 |
Lindblad Expeditions Holdings, Inc. | ||
9.00%, 05/15/28 (a)(b) | 50,000 | 50,495 |
Lithia Motors, Inc. | ||
4.63%, 12/15/27 (a)(b) | 25,000 | 23,253 |
3.88%, 06/01/29 (a)(b) | 65,000 | 57,343 |
Live Nation Entertainment, Inc. | ||
6.50%, 05/15/27 (a)(b) | 25,000 | 25,013 |
4.75%, 10/15/27 (a)(b) | 165,000 | 155,263 |
LSF9 Atlantis Holdings LLC/Victra Finance Corp. | ||
7.75%, 02/15/26 (a)(b) | 25,000 | 23,447 |
M/I Homes, Inc. | ||
4.95%, 02/01/28 (a) | 28,000 | 26,643 |
3.95%, 02/15/30 (a) | 10,000 | 8,542 |
Macy's Retail Holdings LLC | ||
5.88%, 04/01/29 (a)(b) | 150,000 | 141,120 |
Marriott Ownership Resorts, Inc. | ||
4.75%, 01/15/28 (a) | 15,000 | 13,212 |
4.50%, 06/15/29 (a)(b) | 40,000 | 33,671 |
Match Group Holdings II LLC | ||
5.00%, 12/15/27 (a)(b) | 30,000 | 28,752 |
5.63%, 02/15/29 (a)(b) | 20,000 | 18,863 |
4.13%, 08/01/30 (a)(b) | 77,000 | 67,053 |
Mattamy Group Corp. | ||
4.63%, 03/01/30 (a)(b) | 75,000 | 66,092 |
Matthews International Corp. | ||
5.25%, 12/01/25 (a)(b) | 15,000 | 14,487 |
Metis Merger Sub LLC | ||
6.50%, 05/15/29 (a)(b) | 35,000 | 29,606 |
MGM Resorts International | ||
5.50%, 04/15/27 (a) | 25,000 | 24,246 |
4.75%, 10/15/28 (a) | 125,000 | 115,732 |
Michaels Cos., Inc. | ||
7.88%, 05/01/29 (a)(b) | 100,000 | 56,924 |
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp. | ||
4.88%, 05/01/29 (a)(b) | 35,000 | 31,206 |
Mohegan Tribal Gaming Authority | ||
8.00%, 02/01/26 (a)(b) | 95,000 | 89,035 |
Murphy Oil USA, Inc. | ||
3.75%, 02/15/31 (a)(b) | 75,000 | 63,699 |
NCL Corp. Ltd. | ||
3.63%, 12/15/24 (a)(b) | 29,000 | 28,043 |
5.88%, 03/15/26 (a)(b) | 25,000 | 23,706 |
5.88%, 02/15/27 (a)(b) | 75,000 | 72,682 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
8.38%, 02/01/28 (a)(b) | 75,000 | 77,634 |
8.13%, 01/15/29 (a)(b) | 50,000 | 50,954 |
7.75%, 02/15/29 (a)(b) | 40,000 | 37,916 |
NCL Finance Ltd. | ||
6.13%, 03/15/28 (a)(b) | 25,000 | 22,704 |
NMG Holding Co., Inc./Neiman Marcus Group LLC | ||
7.13%, 04/01/26 (a)(b) | 60,000 | 56,259 |
Nordstrom, Inc. | ||
4.00%, 03/15/27 (a) | 20,000 | 18,821 |
6.95%, 03/15/28 | 25,000 | 25,307 |
4.38%, 04/01/30 (a) | 25,000 | 20,805 |
4.25%, 08/01/31 (a) | 15,000 | 11,853 |
5.00%, 01/15/44 (a) | 55,000 | 36,531 |
Penn Entertainment, Inc. | ||
5.63%, 01/15/27 (a)(b) | 25,000 | 23,804 |
Penske Automotive Group, Inc. | ||
3.50%, 09/01/25 (a) | 20,000 | 19,249 |
3.75%, 06/15/29 (a)(b) | 40,000 | 34,717 |
PetSmart, Inc./PetSmart Finance Corp. | ||
4.75%, 02/15/28 (a)(b) | 250,000 | 228,853 |
PM General Purchaser LLC | ||
9.50%, 10/01/28 (a)(b) | 55,000 | 53,918 |
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp. | ||
5.63%, 09/01/29 (a)(b) | 80,000 | 57,973 |
Prime Security Services Borrower LLC/Prime Finance, Inc. | ||
5.75%, 04/15/26 (b) | 40,000 | 39,593 |
3.38%, 08/31/27 (a)(b) | 35,000 | 31,694 |
6.25%, 01/15/28 (a)(b) | 105,000 | 100,919 |
QVC, Inc. | ||
4.45%, 02/15/25 (a) | 37,000 | 34,350 |
4.75%, 02/15/27 (a) | 45,000 | 34,475 |
4.38%, 09/01/28 (a) | 29,000 | 19,604 |
5.95%, 03/15/43 | 17,000 | 8,804 |
Rakuten Group, Inc. | ||
10.25%, 11/30/24 (b) | 280,000 | 286,300 |
Real Hero Merger Sub 2, Inc. | ||
6.25%, 02/01/29 (a)(b) | 35,000 | 28,362 |
Realogy Group LLC/Realogy Co.-Issuer Corp. | ||
5.75%, 01/15/29 (a)(b) | 37,000 | 26,421 |
5.25%, 04/15/30 (a)(b) | 25,000 | 16,850 |
Royal Caribbean Cruises Ltd. | ||
5.50%, 08/31/26 (a)(b) | 75,000 | 73,015 |
5.38%, 07/15/27 (a)(b) | 190,000 | 182,953 |
11.63%, 08/15/27 (a)(b) | 100,000 | 108,531 |
3.70%, 03/15/28 (a) | 20,000 | 17,897 |
5.50%, 04/01/28 (a)(b) | 115,000 | 109,959 |
8.25%, 01/15/29 (a)(b) | 30,000 | 31,400 |
7.25%, 01/15/30 (a)(b) | 10,000 | 10,194 |
Sally Holdings LLC/Sally Capital, Inc. | ||
5.63%, 12/01/25 (a) | 40,000 | 39,405 |
Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc. | ||
6.63%, 03/01/30 (a)(b) | 40,000 | 35,831 |
SeaWorld Parks & Entertainment, Inc. | ||
5.25%, 08/15/29 (a)(b) | 25,000 | 22,942 |
Service Corp. International | ||
5.13%, 06/01/29 (a) | 25,000 | 23,938 |
3.38%, 08/15/30 (a) | 55,000 | 46,243 |
4.00%, 05/15/31 (a) | 50,000 | 42,644 |
Shea Homes LP/Shea Homes Funding Corp. | ||
4.75%, 02/15/28 (a) | 19,000 | 17,733 |
4.75%, 04/01/29 (a) | 15,000 | 13,403 |
Six Flags Entertainment Corp. | ||
5.50%, 04/15/27 (a)(b) | 40,000 | 38,269 |
7.25%, 05/15/31 (a)(b) | 44,000 | 42,464 |
9
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sonic Automotive, Inc. | ||
4.63%, 11/15/29 (a)(b) | 65,000 | 57,337 |
Sotheby's | ||
7.38%, 10/15/27 (a)(b) | 12,000 | 11,020 |
Staples, Inc. | ||
7.50%, 04/15/26 (a)(b) | 82,000 | 72,647 |
10.75%, 04/15/27 (a)(b) | 55,000 | 35,829 |
Station Casinos LLC | ||
4.50%, 02/15/28 (a)(b) | 55,000 | 49,787 |
4.63%, 12/01/31 (a)(b) | 25,000 | 21,262 |
StoneMor, Inc. | ||
8.50%, 05/15/29 (a)(b) | 30,000 | 24,021 |
Taylor Morrison Communities, Inc. | ||
5.13%, 08/01/30 (a)(b) | 50,000 | 46,164 |
Tenneco, Inc. | ||
8.00%, 11/17/28 (a)(b) | 115,000 | 94,778 |
TKC Holdings, Inc. | ||
10.50%, 05/15/29 (a)(b) | 50,000 | 43,282 |
Travel & Leisure Co. | ||
6.60%, 10/01/25 (a)(d) | 50,000 | 49,896 |
4.50%, 12/01/29 (a)(b) | 75,000 | 64,637 |
Tri Pointe Homes, Inc. | ||
5.70%, 06/15/28 (a) | 50,000 | 47,554 |
TriNet Group, Inc. | ||
3.50%, 03/01/29 (a)(b) | 50,000 | 43,534 |
Uber Technologies, Inc. | ||
7.50%, 09/15/27 (a)(b) | 85,000 | 86,614 |
6.25%, 01/15/28 (a)(b) | 50,000 | 49,656 |
4.50%, 08/15/29 (a)(b) | 125,000 | 115,245 |
Under Armour, Inc. | ||
3.25%, 06/15/26 (a) | 25,000 | 23,455 |
Universal Entertainment Corp. | ||
8.75%, 12/11/24 (a)(b)(d) | 200,000 | 210,635 |
Vail Resorts, Inc. | ||
6.25%, 05/15/25 (a)(b) | 50,000 | 49,893 |
Victoria's Secret & Co. | ||
4.63%, 07/15/29 (a)(b) | 35,000 | 28,437 |
Viking Cruises Ltd. | ||
5.88%, 09/15/27 (a)(b) | 75,000 | 70,679 |
9.13%, 07/15/31 (a)(b) | 35,000 | 36,437 |
VOC Escrow Ltd. | ||
5.00%, 02/15/28 (a)(b) | 60,000 | 56,056 |
VT Topco, Inc. | ||
8.50%, 08/15/30 (a)(b) | 25,000 | 25,618 |
WASH Multifamily Acquisition, Inc. | ||
5.75%, 04/15/26 (a)(b) | 28,000 | 26,340 |
Wolverine World Wide, Inc. | ||
4.00%, 08/15/29 (a)(b) | 25,000 | 19,285 |
WW International, Inc. | ||
4.50%, 04/15/29 (a)(b) | 41,000 | 23,592 |
Wyndham Hotels & Resorts, Inc. | ||
4.38%, 08/15/28 (a)(b) | 25,000 | 23,030 |
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. | ||
5.50%, 03/01/25 (a)(b) | 51,000 | 50,424 |
5.25%, 05/15/27 (a)(b) | 63,000 | 60,058 |
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. | ||
5.13%, 10/01/29 (a)(b) | 65,000 | 58,594 |
7.13%, 02/15/31 (a)(b) | 50,000 | 49,813 |
Yum! Brands, Inc. | ||
4.75%, 01/15/30 (a)(b) | 125,000 | 116,280 |
4.63%, 01/31/32 (a) | 135,000 | 121,514 |
ZF North America Capital, Inc. | ||
4.75%, 04/29/25 (b) | 150,000 | 146,683 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
ZipRecruiter, Inc. | ||
5.00%, 01/15/30 (a)(b) | 30,000 | 25,373 |
12,593,068 | ||
Consumer Non-Cyclical 11.7% | ||
Acadia Healthcare Co., Inc. | ||
5.50%, 07/01/28 (a)(b) | 45,000 | 43,151 |
ACCO Brands Corp. | ||
4.25%, 03/15/29 (a)(b) | 35,000 | 30,327 |
Acushnet Co. | ||
7.38%, 10/15/28 (a)(b) | 25,000 | 25,694 |
AdaptHealth LLC | ||
5.13%, 03/01/30 (a)(b) | 40,000 | 31,874 |
Akumin, Inc. | ||
7.00%, 11/01/25 (a)(b) | 50,000 | 40,161 |
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC | ||
7.50%, 03/15/26 (a)(b) | 93,000 | 94,671 |
4.63%, 01/15/27 (a)(b) | 140,000 | 134,607 |
3.50%, 03/15/29 (a)(b) | 155,000 | 137,486 |
AMN Healthcare, Inc. | ||
4.63%, 10/01/27 (a)(b) | 50,000 | 46,460 |
4.00%, 04/15/29 (a)(b) | 10,000 | 8,873 |
Aramark Services, Inc. | ||
5.00%, 04/01/25 (a)(b) | 200,000 | 198,620 |
5.00%, 02/01/28 (a)(b) | 5,000 | 4,736 |
Avantor Funding, Inc. | ||
4.63%, 07/15/28 (a)(b) | 136,000 | 127,337 |
B&G Foods, Inc. | ||
5.25%, 04/01/25 (a) | 70,000 | 68,777 |
Bausch & Lomb Escrow Corp. | ||
8.38%, 10/01/28 (a)(b) | 80,000 | 81,900 |
Bausch Health Americas, Inc. | ||
9.25%, 04/01/26 (a)(b) | 30,000 | 26,429 |
8.50%, 01/31/27 (a)(b) | 50,000 | 24,696 |
Bausch Health Cos., Inc. | ||
5.50%, 11/01/25 (a)(b) | 100,000 | 87,228 |
9.00%, 12/15/25 (a)(b) | 85,000 | 76,293 |
4.88%, 06/01/28 (a)(b) | 50,000 | 25,502 |
11.00%, 09/30/28 (b) | 125,000 | 78,437 |
5.00%, 02/15/29 (a)(b) | 145,000 | 50,820 |
5.25%, 02/15/31 (a)(b) | 24,000 | 8,481 |
BellRing Brands, Inc. | ||
7.00%, 03/15/30 (a)(b) | 30,000 | 30,535 |
Cano Health LLC | ||
6.25%, 10/01/28 (a)(b) | 18,000 | 1,267 |
Catalent Pharma Solutions, Inc. | ||
5.00%, 07/15/27 (a)(b) | 50,000 | 47,250 |
3.13%, 02/15/29 (a)(b) | 25,000 | 20,956 |
3.50%, 04/01/30 (a)(b) | 25,000 | 20,923 |
CD&R Smokey Buyer, Inc. | ||
6.75%, 07/15/25 (a)(b) | 50,000 | 48,403 |
Central Garden & Pet Co. | ||
4.13%, 10/15/30 (a) | 60,000 | 51,446 |
Charles River Laboratories International, Inc. | ||
4.00%, 03/15/31 (a)(b) | 73,000 | 62,833 |
Chobani LLC/Chobani Finance Corp., Inc. | ||
7.50%, 04/15/25 (a)(b) | 50,000 | 49,477 |
CHS/Community Health Systems, Inc. | ||
8.00%, 03/15/26 (a)(b) | 215,000 | 207,242 |
5.63%, 03/15/27 (a)(b) | 130,000 | 116,135 |
6.88%, 04/01/28 (a)(b) | 100,000 | 50,598 |
6.88%, 04/15/29 (a)(b) | 75,000 | 44,310 |
6.13%, 04/01/30 (a)(b) | 5,000 | 2,796 |
10
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
5.25%, 05/15/30 (a)(b) | 65,000 | 51,204 |
4.75%, 02/15/31 (a)(b) | 60,000 | 44,082 |
Coty, Inc. | ||
5.00%, 04/15/26 (a)(b) | 50,000 | 48,840 |
6.50%, 04/15/26 (a)(b) | 50,000 | 49,791 |
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC | ||
6.63%, 07/15/30 (a)(b) | 25,000 | 25,149 |
Darling Ingredients, Inc. | ||
5.25%, 04/15/27 (a)(b) | 30,000 | 29,160 |
6.00%, 06/15/30 (a)(b) | 45,000 | 43,478 |
DaVita, Inc. | ||
4.63%, 06/01/30 (a)(b) | 165,000 | 139,587 |
3.75%, 02/15/31 (a)(b) | 65,000 | 50,940 |
Edgewell Personal Care Co. | ||
5.50%, 06/01/28 (a)(b) | 25,000 | 23,838 |
4.13%, 04/01/29 (a)(b) | 35,000 | 30,905 |
Elanco Animal Health, Inc. | ||
6.65%, 08/28/28 (a)(d) | 90,000 | 90,112 |
Embecta Corp. | ||
5.00%, 02/15/30 (a)(b) | 30,000 | 25,246 |
Emergent BioSolutions, Inc. | ||
3.88%, 08/15/28 (a)(b) | 15,000 | 5,921 |
Encompass Health Corp. | ||
4.50%, 02/01/28 (a) | 25,000 | 23,392 |
4.75%, 02/01/30 (a) | 80,000 | 72,759 |
4.63%, 04/01/31 (a) | 35,000 | 30,746 |
Energizer Holdings, Inc. | ||
6.50%, 12/31/27 (a)(b) | 35,000 | 34,011 |
4.38%, 03/31/29 (a)(b) | 50,000 | 43,165 |
Fortrea Holdings, Inc. | ||
7.50%, 07/01/30 (a)(b) | 50,000 | 49,563 |
Garden Spinco Corp. | ||
8.63%, 07/20/30 (a)(b) | 20,000 | 21,006 |
Global Medical Response, Inc. | ||
6.50%, 10/01/25 (a)(b) | 35,000 | 25,934 |
Grifols SA | ||
4.75%, 10/15/28 (a)(b) | 200,000 | 176,847 |
Heartland Dental LLC/Heartland Dental Finance Corp. | ||
10.50%, 04/30/28 (a)(b) | 35,000 | 35,569 |
Herbalife Nutrition Ltd./HLF Financing, Inc. | ||
7.88%, 09/01/25 (a)(b) | 35,000 | 34,360 |
H-Food Holdings LLC/Hearthside Finance Co., Inc. | ||
8.50%, 06/01/26 (a)(b) | 15,000 | 3,302 |
HLF Financing SARL LLC/Herbalife International, Inc. | ||
4.88%, 06/01/29 (a)(b) | 25,000 | 17,755 |
Hologic, Inc. | ||
3.25%, 02/15/29 (a)(b) | 60,000 | 52,732 |
Ingles Markets, Inc. | ||
4.00%, 06/15/31 (a)(b) | 50,000 | 42,033 |
IQVIA, Inc. | ||
5.00%, 10/15/26 (a)(b) | 200,000 | 195,213 |
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc. | ||
5.00%, 12/31/26 (a)(b) | 25,000 | 23,659 |
7.00%, 12/31/27 (a)(b) | 55,000 | 50,967 |
Lamb Weston Holdings, Inc. | ||
4.13%, 01/31/30 (a)(b) | 110,000 | 98,587 |
Legacy LifePoint Health LLC | ||
4.38%, 02/15/27 (a)(b) | 55,000 | 48,204 |
LifePoint Health, Inc. | ||
5.38%, 01/15/29 (a)(b) | 45,000 | 29,514 |
9.88%, 08/15/30 (a)(b) | 50,000 | 48,685 |
MajorDrive Holdings IV LLC | ||
6.38%, 06/01/29 (a)(b) | 25,000 | 21,205 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Mallinckrodt International Finance SA/Mallinckrodt CB LLC | ||
14.75%, 11/14/28 (a)(b) | 50,000 | 54,188 |
Medline Borrower LP | ||
3.88%, 04/01/29 (a)(b) | 250,000 | 222,078 |
5.25%, 10/01/29 (a)(b) | 125,000 | 113,209 |
ModivCare Escrow Issuer, Inc. | ||
5.00%, 10/01/29 (a)(b) | 30,000 | 22,980 |
ModivCare, Inc. | ||
5.88%, 11/15/25 (a)(b) | 20,000 | 19,486 |
MPH Acquisition Holdings LLC | ||
5.50%, 09/01/28 (a)(b) | 65,000 | 56,532 |
5.75%, 11/01/28 (a)(b) | 30,000 | 23,265 |
Newell Brands, Inc. | ||
5.20%, 04/01/26 (a) | 100,000 | 96,618 |
6.38%, 09/15/27 (a) | 50,000 | 48,949 |
6.63%, 09/15/29 (a) | 85,000 | 83,001 |
Option Care Health, Inc. | ||
4.38%, 10/31/29 (a)(b) | 35,000 | 30,905 |
Organon & Co./Organon Foreign Debt Co.-Issuer BV | ||
5.13%, 04/30/31 (a)(b) | 200,000 | 157,546 |
Owens & Minor, Inc. | ||
6.63%, 04/01/30 (a)(b) | 25,000 | 23,438 |
P&L Development LLC/PLD Finance Corp. | ||
7.75%, 11/15/25 (a)(b) | 25,000 | 16,333 |
Performance Food Group, Inc. | ||
6.88%, 05/01/25 (a)(b) | 10,000 | 10,014 |
5.50%, 10/15/27 (a)(b) | 55,000 | 53,292 |
4.25%, 08/01/29 (a)(b) | 110,000 | 98,468 |
Perrigo Finance Unlimited Co. | ||
4.65%, 06/15/30 (a) | 200,000 | 178,612 |
Pilgrim's Pride Corp. | ||
4.25%, 04/15/31 (a) | 47,000 | 40,744 |
3.50%, 03/01/32 (a) | 50,000 | 40,519 |
6.25%, 07/01/33 (a) | 90,000 | 88,730 |
Post Holdings, Inc. | ||
5.63%, 01/15/28 (a)(b) | 150,000 | 146,088 |
5.50%, 12/15/29 (a)(b) | 50,000 | 47,037 |
4.63%, 04/15/30 (a)(b) | 55,000 | 49,173 |
4.50%, 09/15/31 (a)(b) | 40,000 | 34,865 |
Prestige Brands, Inc. | ||
3.75%, 04/01/31 (a)(b) | 50,000 | 41,734 |
Prime Healthcare Services, Inc. | ||
7.25%, 11/01/25 (a)(b) | 40,000 | 37,601 |
Primo Water Holdings, Inc. | ||
4.38%, 04/30/29 (a)(b) | 40,000 | 35,519 |
Radiology Partners, Inc. | ||
9.25%, 02/01/28 (a)(b) | 57,000 | 26,520 |
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc. | ||
9.75%, 12/01/26 (a)(b) | 46,000 | 44,519 |
RP Escrow Issuer LLC | ||
5.25%, 12/15/25 (a)(b) | 25,000 | 19,357 |
Safeway, Inc. | ||
7.25%, 02/01/31 | 20,000 | 21,048 |
Scotts Miracle-Gro Co. | ||
4.50%, 10/15/29 (a) | 45,000 | 38,402 |
4.00%, 04/01/31 (a) | 20,000 | 16,063 |
4.38%, 02/01/32 (a) | 25,000 | 19,873 |
Select Medical Corp. | ||
6.25%, 08/15/26 (a)(b) | 75,000 | 74,513 |
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed | ||
4.63%, 03/01/29 (a)(b) | 25,000 | 20,776 |
11
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Spectrum Brands, Inc. | ||
5.50%, 07/15/30 (a)(b) | 20,000 | 18,685 |
3.88%, 03/15/31 (a)(b) | 25,000 | 21,358 |
Star Parent, Inc. | ||
9.00%, 10/01/30 (a)(b) | 65,000 | 67,588 |
Surgery Center Holdings, Inc. | ||
10.00%, 04/15/27 (a)(b) | 25,000 | 25,247 |
SWF Escrow Issuer Corp. | ||
6.50%, 10/01/29 (a)(b) | 20,000 | 12,567 |
Teleflex, Inc. | ||
4.63%, 11/15/27 (a) | 15,000 | 14,225 |
4.25%, 06/01/28 (a)(b) | 35,000 | 32,262 |
Tempur Sealy International, Inc. | ||
3.88%, 10/15/31 (a)(b) | 90,000 | 72,405 |
Tenet Healthcare Corp. | ||
4.88%, 01/01/26 (a) | 65,000 | 63,920 |
6.25%, 02/01/27 (a) | 75,000 | 74,731 |
5.13%, 11/01/27 (a) | 40,000 | 38,419 |
4.63%, 06/15/28 (a) | 53,000 | 49,411 |
6.13%, 10/01/28 (a) | 165,000 | 160,118 |
4.25%, 06/01/29 (a) | 80,000 | 71,750 |
4.38%, 01/15/30 (a) | 175,000 | 156,545 |
6.13%, 06/15/30 (a) | 25,000 | 24,384 |
6.75%, 05/15/31 (a)(b) | 50,000 | 50,119 |
6.88%, 11/15/31 | 45,000 | 44,523 |
Toledo Hospital | ||
4.98%, 11/15/45 (a) | 20,000 | 12,875 |
6.02%, 11/15/48 | 50,000 | 37,743 |
TreeHouse Foods, Inc. | ||
4.00%, 09/01/28 (a) | 25,000 | 21,291 |
Triton Water Holdings, Inc. | ||
6.25%, 04/01/29 (a)(b) | 50,000 | 42,860 |
U.S. Acute Care Solutions LLC | ||
6.38%, 03/01/26 (a)(b) | 80,000 | 63,087 |
U.S. Foods, Inc. | ||
6.88%, 09/15/28 (a)(b) | 25,000 | 25,378 |
4.75%, 02/15/29 (a)(b) | 100,000 | 92,771 |
4.63%, 06/01/30 (a)(b) | 20,000 | 18,058 |
U.S. Renal Care, Inc. | ||
10.63%, 07/15/27 (a)(b) | 5,000 | 2,250 |
United Natural Foods, Inc. | ||
6.75%, 10/15/28 (a)(b) | 30,000 | 23,024 |
Valvoline, Inc. | ||
3.63%, 06/15/31 (a)(b) | 60,000 | 49,311 |
Vector Group Ltd. | ||
5.75%, 02/01/29 (a)(b) | 80,000 | 71,281 |
Vista Outdoor, Inc. | ||
4.50%, 03/15/29 (a)(b) | 40,000 | 37,934 |
Winnebago Industries, Inc. | ||
6.25%, 07/15/28 (a)(b) | 65,000 | 62,367 |
7,754,674 | ||
Energy 11.9% | ||
Aethon United BR LP/Aethon United Finance Corp. | ||
8.25%, 02/15/26 (a)(b) | 75,000 | 75,447 |
AmeriGas Partners LP/AmeriGas Finance Corp. | ||
5.50%, 05/20/25 (a) | 25,000 | 24,503 |
5.75%, 05/20/27 (a) | 75,000 | 71,716 |
9.38%, 06/01/28 (a)(b) | 45,000 | 46,201 |
Antero Midstream Partners LP/Antero Midstream Finance Corp. | ||
5.75%, 03/01/27 (a)(b) | 10,000 | 9,791 |
5.75%, 01/15/28 (a)(b) | 45,000 | 43,564 |
5.38%, 06/15/29 (a)(b) | 90,000 | 84,359 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Antero Resources Corp. | ||
7.63%, 02/01/29 (a)(b) | 25,000 | 25,623 |
5.38%, 03/01/30 (a)(b) | 50,000 | 46,870 |
Archrock Partners LP/Archrock Partners Finance Corp. | ||
6.88%, 04/01/27 (a)(b) | 50,000 | 49,580 |
6.25%, 04/01/28 (a)(b) | 39,000 | 38,117 |
Ascent Resources Utica Holdings LLC/ARU Finance Corp. | ||
7.00%, 11/01/26 (a)(b) | 85,000 | 83,889 |
Baytex Energy Corp. | ||
8.75%, 04/01/27 (a)(b) | 50,000 | 51,332 |
8.50%, 04/30/30 (a)(b) | 45,000 | 46,053 |
Blue Racer Midstream LLC/Blue Racer Finance Corp. | ||
7.63%, 12/15/25 (a)(b) | 65,000 | 65,701 |
Bristow Group, Inc. | ||
6.88%, 03/01/28 (a)(b) | 45,000 | 42,890 |
Buckeye Partners LP | ||
4.13%, 03/01/25 (a)(b) | 15,000 | 14,622 |
3.95%, 12/01/26 (a) | 75,000 | 70,742 |
4.50%, 03/01/28 (a)(b) | 15,000 | 13,698 |
5.85%, 11/15/43 (a) | 55,000 | 41,597 |
California Resources Corp. | ||
7.13%, 02/01/26 (a)(b) | 65,000 | 65,440 |
Callon Petroleum Co. | ||
8.00%, 08/01/28 (a)(b) | 100,000 | 101,482 |
7.50%, 06/15/30 (a)(b) | 25,000 | 24,700 |
Calumet Specialty Products Partners LP/Calumet Finance Corp. | ||
11.00%, 04/15/25 (a)(b) | 25,000 | 25,270 |
8.13%, 01/15/27 (a)(b) | 30,000 | 28,266 |
Chesapeake Energy Corp. | ||
5.88%, 02/01/29 (a)(b) | 25,000 | 24,025 |
6.75%, 04/15/29 (a)(b) | 75,000 | 74,792 |
Chord Energy Corp. | ||
6.38%, 06/01/26 (a)(b) | 25,000 | 24,858 |
CITGO Petroleum Corp. | ||
6.38%, 06/15/26 (a)(b) | 145,000 | 143,817 |
Civitas Resources, Inc. | ||
5.00%, 10/15/26 (a)(b) | 50,000 | 47,720 |
8.38%, 07/01/28 (a)(b) | 59,000 | 60,501 |
8.63%, 11/01/30 (a)(b) | 75,000 | 77,750 |
8.75%, 07/01/31 (a)(b) | 43,000 | 44,557 |
CNX Resources Corp. | ||
6.00%, 01/15/29 (a)(b) | 25,000 | 23,861 |
7.38%, 01/15/31 (a)(b) | 50,000 | 49,726 |
Comstock Resources, Inc. | ||
6.75%, 03/01/29 (a)(b) | 60,000 | 55,304 |
5.88%, 01/15/30 (a)(b) | 65,000 | 56,459 |
Crescent Energy Finance LLC | ||
7.25%, 05/01/26 (a)(b) | 40,000 | 39,728 |
9.25%, 02/15/28 (a)(b) | 37,000 | 38,269 |
CrownRock LP/CrownRock Finance, Inc. | ||
5.63%, 10/15/25 (a)(b) | 113,000 | 111,971 |
CVR Energy, Inc. | ||
5.25%, 02/15/25 (a)(b) | 20,000 | 19,720 |
5.75%, 02/15/28 (a)(b) | 50,000 | 46,287 |
Diamond Foreign Asset Co./Diamond Finance LLC | ||
8.50%, 10/01/30 (a)(b) | 40,000 | 40,152 |
DT Midstream, Inc. | ||
4.13%, 06/15/29 (a)(b) | 110,000 | 98,838 |
4.38%, 06/15/31 (a)(b) | 5,000 | 4,391 |
Encino Acquisition Partners Holdings LLC | ||
8.50%, 05/01/28 (a)(b) | 44,000 | 42,914 |
Endeavor Energy Resources LP/EER Finance, Inc. | ||
5.75%, 01/30/28 (a)(b) | 55,000 | 53,695 |
12
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
EnLink Midstream LLC | ||
5.38%, 06/01/29 (a) | 15,000 | 14,488 |
6.50%, 09/01/30 (a)(b) | 95,000 | 95,693 |
EnLink Midstream Partners LP | ||
5.60%, 04/01/44 (a) | 20,000 | 17,055 |
5.05%, 04/01/45 (a) | 25,000 | 19,872 |
5.45%, 06/01/47 (a) | 65,000 | 54,723 |
EQM Midstream Partners LP | ||
7.50%, 06/01/27 (a)(b) | 65,000 | 66,489 |
6.50%, 07/01/27 (a)(b) | 90,000 | 90,234 |
5.50%, 07/15/28 (a) | 75,000 | 72,958 |
4.50%, 01/15/29 (a)(b) | 45,000 | 41,099 |
4.75%, 01/15/31 (a)(b) | 90,000 | 80,213 |
Ferrellgas LP/Ferrellgas Finance Corp. | ||
5.88%, 04/01/29 (a)(b) | 65,000 | 59,900 |
Genesis Energy LP/Genesis Energy Finance Corp. | ||
6.25%, 05/15/26 (a) | 100,000 | 97,990 |
8.00%, 01/15/27 (a) | 75,000 | 75,130 |
7.75%, 02/01/28 (a) | 30,000 | 29,662 |
8.25%, 01/15/29 (a)(e) | 100,000 | 98,961 |
Global Marine, Inc. | ||
7.00%, 06/01/28 | 30,000 | 25,650 |
Global Partners LP/GLP Finance Corp. | ||
6.88%, 01/15/29 (a) | 30,000 | 27,959 |
Gulfport Energy Corp. | ||
8.00%, 05/17/26 (a)(b) | 50,000 | 50,657 |
Harvest Midstream I LP | ||
7.50%, 09/01/28 (a)(b) | 60,000 | 59,183 |
Hess Midstream Operations LP | ||
5.63%, 02/15/26 (a)(b) | 60,000 | 59,302 |
4.25%, 02/15/30 (a)(b) | 65,000 | 58,194 |
5.50%, 10/15/30 (a)(b) | 30,000 | 28,336 |
Hilcorp Energy I LP/Hilcorp Finance Co. | ||
6.00%, 02/01/31 (a)(b) | 150,000 | 139,034 |
6.25%, 04/15/32 (a)(b) | 10,000 | 9,242 |
8.38%, 11/01/33 (a)(b) | 50,000 | 51,548 |
Holly Energy Partners LP/Holly Energy Finance Corp. | ||
5.00%, 02/01/28 (a)(b) | 40,000 | 37,144 |
Howard Midstream Energy Partners LLC | ||
8.88%, 07/15/28 (a)(b) | 20,000 | 20,814 |
ITT Holdings LLC | ||
6.50%, 08/01/29 (a)(b) | 70,000 | 61,130 |
Kinetik Holdings LP | ||
5.88%, 06/15/30 (a)(b) | 45,000 | 42,901 |
Matador Resources Co. | ||
5.88%, 09/15/26 (a) | 50,000 | 49,107 |
MEG Energy Corp. | ||
5.88%, 02/01/29 (a)(b) | 50,000 | 47,834 |
Moss Creek Resources Holdings, Inc. | ||
7.50%, 01/15/26 (a)(b) | 50,000 | 48,921 |
10.50%, 05/15/27 (a)(b) | 25,000 | 25,309 |
Murphy Oil Corp. | ||
6.38%, 07/15/28 (a) | 75,000 | 74,556 |
Nabors Industries Ltd. | ||
7.25%, 01/15/26 (a)(b) | 50,000 | 47,835 |
Nabors Industries, Inc. | ||
7.38%, 05/15/27 (a)(b) | 75,000 | 72,574 |
9.13%, 01/31/30 (a)(b) | 50,000 | 50,173 |
New Fortress Energy, Inc. | ||
6.75%, 09/15/25 (a)(b) | 95,000 | 92,187 |
6.50%, 09/30/26 (a)(b) | 50,000 | 47,531 |
NGL Energy Operating LLC/NGL Energy Finance Corp. | ||
7.50%, 02/01/26 (a)(b) | 130,000 | 130,589 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
NGL Energy Partners LP/NGL Energy Finance Corp. | ||
7.50%, 04/15/26 (a) | 20,000 | 19,223 |
Nine Energy Service, Inc. | ||
13.00%, 02/01/28 (a) | 25,000 | 22,270 |
Noble Finance II LLC | ||
8.00%, 04/15/30 (a)(b) | 25,000 | 25,674 |
Northern Oil & Gas, Inc. | ||
8.13%, 03/01/28 (a)(b) | 100,000 | 101,120 |
Northriver Midstream Finance LP | ||
5.63%, 02/15/26 (a)(b) | 25,000 | 24,332 |
NuStar Logistics LP | ||
6.00%, 06/01/26 (a) | 35,000 | 34,911 |
5.63%, 04/28/27 (a) | 25,000 | 24,630 |
6.38%, 10/01/30 (a) | 50,000 | 48,787 |
Oceaneering International, Inc. | ||
6.00%, 02/01/28 (a) | 15,000 | 14,556 |
Parkland Corp. | ||
4.50%, 10/01/29 (a)(b) | 95,000 | 84,718 |
PBF Holding Co. LLC/PBF Finance Corp. | ||
6.00%, 02/15/28 (a) | 58,000 | 55,769 |
7.88%, 09/15/30 (a)(b) | 40,000 | 40,038 |
PDC Energy, Inc. | ||
5.75%, 05/15/26 (a) | 50,000 | 49,829 |
Permian Resources Operating LLC | ||
6.88%, 04/01/27 (a)(b) | 80,000 | 79,419 |
8.00%, 04/15/27 (a)(b) | 90,000 | 92,007 |
5.88%, 07/01/29 (a)(b) | 50,000 | 47,828 |
Petrofac Ltd. | ||
9.75%, 11/15/26 (a)(b) | 35,000 | 17,420 |
Precision Drilling Corp. | ||
6.88%, 01/15/29 (a)(b) | 40,000 | 37,832 |
Range Resources Corp. | ||
8.25%, 01/15/29 (a) | 50,000 | 51,856 |
4.75%, 02/15/30 (a)(b) | 10,000 | 9,129 |
Rockcliff Energy II LLC | ||
5.50%, 10/15/29 (a)(b) | 75,000 | 69,701 |
Rockies Express Pipeline LLC | ||
3.60%, 05/15/25 (a)(b) | 34,000 | 32,582 |
4.95%, 07/15/29 (a)(b) | 70,000 | 64,668 |
4.80%, 05/15/30 (a)(b) | 35,000 | 31,371 |
6.88%, 04/15/40 (b) | 20,000 | 18,244 |
Sitio Royalties Operating Partnership LP/Sitio Finance Corp. | ||
7.88%, 11/01/28 (a)(b) | 50,000 | 50,233 |
SM Energy Co. | ||
6.63%, 01/15/27 (a) | 25,000 | 24,614 |
6.50%, 07/15/28 (a) | 25,000 | 24,355 |
Southwestern Energy Co. | ||
5.38%, 03/15/30 (a) | 25,000 | 23,723 |
4.75%, 02/01/32 (a) | 170,000 | 151,722 |
Suburban Propane Partners LP/Suburban Energy Finance Corp. | ||
5.00%, 06/01/31 (a)(b) | 55,000 | 48,709 |
Summit Midstream Holdings LLC/Summit Midstream Finance Corp. | ||
9.00%, 10/15/26 (a)(b)(d) | 50,000 | 49,734 |
Sunoco LP/Sunoco Finance Corp. | ||
5.88%, 03/15/28 (a) | 30,000 | 29,406 |
4.50%, 05/15/29 (a) | 50,000 | 45,609 |
4.50%, 04/30/30 (a) | 35,000 | 31,482 |
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. | ||
6.00%, 03/01/27 (a)(b) | 25,000 | 24,063 |
5.50%, 01/15/28 (a)(b) | 30,000 | 27,704 |
6.00%, 12/31/30 (a)(b) | 40,000 | 36,147 |
6.00%, 09/01/31 (a)(b) | 50,000 | 44,864 |
Talos Production, Inc. | ||
12.00%, 01/15/26 (a) | 75,000 | 77,682 |
13
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Transocean Poseidon Ltd. | ||
6.88%, 02/01/27 (a)(b) | 37,500 | 37,055 |
Transocean Titan Financing Ltd. | ||
8.38%, 02/01/28 (a)(b) | 30,000 | 30,621 |
Transocean, Inc. | ||
7.50%, 01/15/26 (a)(b) | 25,000 | 24,394 |
11.50%, 01/30/27 (a)(b) | 50,000 | 52,048 |
8.00%, 02/01/27 (a)(b) | 22,000 | 21,081 |
8.75%, 02/15/30 (a)(b) | 71,250 | 72,820 |
6.80%, 03/15/38 | 50,000 | 37,908 |
USA Compression Partners LP/USA Compression Finance Corp. | ||
6.88%, 04/01/26 (a) | 55,000 | 54,737 |
6.88%, 09/01/27 (a) | 60,000 | 59,281 |
Valaris Ltd. | ||
8.38%, 04/30/30 (a)(b) | 65,000 | 65,447 |
Venture Global Calcasieu Pass LLC | ||
6.25%, 01/15/30 (a)(b) | 65,000 | 63,839 |
4.13%, 08/15/31 (a)(b) | 65,000 | 56,109 |
3.88%, 11/01/33 (a)(b) | 140,000 | 114,675 |
Venture Global LNG, Inc. | ||
8.13%, 06/01/28 (a)(b) | 90,000 | 89,313 |
9.50%, 02/01/29 (a)(b) | 125,000 | 129,052 |
8.38%, 06/01/31 (a)(b) | 130,000 | 128,193 |
9.88%, 02/01/32 (a)(b) | 100,000 | 102,547 |
Vermilion Energy, Inc. | ||
6.88%, 05/01/30 (a)(b) | 25,000 | 23,736 |
Vital Energy, Inc. | ||
9.50%, 01/15/25 (a) | 75,000 | 75,346 |
7.75%, 07/31/29 (a)(b) | 40,000 | 36,702 |
W&T Offshore, Inc. | ||
11.75%, 02/01/26 (a)(b) | 25,000 | 25,596 |
Weatherford International Ltd. | ||
8.63%, 04/30/30 (a)(b) | 130,000 | 134,500 |
7,865,926 | ||
Industrial Other 1.5% | ||
Adtalem Global Education, Inc. | ||
5.50%, 03/01/28 (a)(b) | 50,000 | 46,951 |
AECOM | ||
5.13%, 03/15/27 (a) | 85,000 | 82,716 |
APi Group DE, Inc. | ||
4.13%, 07/15/29 (a)(b) | 30,000 | 26,216 |
Artera Services LLC | ||
9.03%, 12/04/25 (a)(b) | 50,000 | 45,705 |
Brand Industrial Services, Inc. | ||
10.38%, 08/01/30 (a)(b) | 85,000 | 88,237 |
Brundage-Bone Concrete Pumping Holdings, Inc. | ||
6.00%, 02/01/26 (a)(b) | 50,000 | 48,319 |
Dycom Industries, Inc. | ||
4.50%, 04/15/29 (a)(b) | 50,000 | 45,260 |
Fluor Corp. | ||
4.25%, 09/15/28 (a) | 50,000 | 46,748 |
Global Infrastructure Solutions, Inc. | ||
7.50%, 04/15/32 (a)(b) | 45,000 | 39,339 |
Grand Canyon University | ||
4.13%, 10/01/24 | 40,000 | 37,925 |
Great Lakes Dredge & Dock Corp. | ||
5.25%, 06/01/29 (a)(b) | 60,000 | 49,539 |
Hillenbrand, Inc. | ||
5.00%, 09/15/26 (a) | 15,000 | 14,749 |
3.75%, 03/01/31 (a) | 10,000 | 8,304 |
Installed Building Products, Inc. | ||
5.75%, 02/01/28 (a)(b) | 15,000 | 14,179 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Pike Corp. | ||
5.50%, 09/01/28 (a)(b) | 50,000 | 45,590 |
Steelcase, Inc. | ||
5.13%, 01/18/29 (a) | 20,000 | 18,370 |
TopBuild Corp. | ||
4.13%, 02/15/32 (a)(b) | 50,000 | 42,769 |
Vericast Corp. | ||
11.00%, 09/15/26 (a)(b) | 180,000 | 189,900 |
12.50%, 12/15/27 (a)(b) | 25,000 | 28,299 |
Williams Scotsman, Inc. | ||
4.63%, 08/15/28 (a)(b) | 50,000 | 46,007 |
965,122 | ||
Technology 7.8% | ||
Alteryx, Inc. | ||
8.75%, 03/15/28 (a)(b) | 50,000 | 50,327 |
Amkor Technology, Inc. | ||
6.63%, 09/15/27 (a)(b) | 75,000 | 75,412 |
ams-OSRAM AG | ||
7.00%, 07/31/25 (a)(b) | 200,000 | 203,560 |
AthenaHealth Group, Inc. | ||
6.50%, 02/15/30 (a)(b) | 115,000 | 99,759 |
Block, Inc. | ||
2.75%, 06/01/26 (a) | 75,000 | 69,244 |
3.50%, 06/01/31 (a) | 75,000 | 62,855 |
Boxer Parent Co., Inc. | ||
7.13%, 10/02/25 (a)(b) | 60,000 | 59,977 |
Camelot Finance SA | ||
4.50%, 11/01/26 (a)(b) | 40,000 | 37,962 |
Castle U.S. Holding Corp. | ||
9.50%, 02/15/28 (a)(b) | 12,000 | 6,422 |
Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc. | ||
8.00%, 06/15/29 (a)(b) | 55,000 | 56,465 |
Central Parent, Inc./CDK Global, Inc. | ||
7.25%, 06/15/29 (a)(b) | 65,000 | 64,988 |
Clarivate Science Holdings Corp. | ||
4.88%, 07/01/29 (a)(b) | 83,000 | 74,342 |
Cloud Software Group, Inc. | ||
6.50%, 03/31/29 (a)(b) | 235,000 | 216,582 |
9.00%, 09/30/29 (a)(b) | 210,000 | 189,154 |
Coherent Corp. | ||
5.00%, 12/15/29 (a)(b) | 55,000 | 49,819 |
CommScope Technologies LLC | ||
6.00%, 06/15/25 (a)(b) | 140,000 | 110,044 |
5.00%, 03/15/27 (a)(b) | 25,000 | 10,653 |
CommScope, Inc. | ||
6.00%, 03/01/26 (a)(b) | 105,000 | 90,140 |
8.25%, 03/01/27 (a)(b) | 25,000 | 12,461 |
7.13%, 07/01/28 (a)(b) | 25,000 | 11,708 |
4.75%, 09/01/29 (a)(b) | 65,000 | 40,843 |
Conduent Business Services LLC/Conduent State & Local Solutions, Inc. | ||
6.00%, 11/01/29 (a)(b) | 25,000 | 20,899 |
Consensus Cloud Solutions, Inc. | ||
6.50%, 10/15/28 (a)(b) | 55,000 | 49,725 |
CoreLogic, Inc. | ||
4.50%, 05/01/28 (a)(b) | 65,000 | 54,503 |
Crowdstrike Holdings, Inc. | ||
3.00%, 02/15/29 (a) | 50,000 | 43,938 |
Dun & Bradstreet Corp. | ||
5.00%, 12/15/29 (a)(b) | 40,000 | 36,169 |
Entegris Escrow Corp. | ||
4.75%, 04/15/29 (a)(b) | 80,000 | 75,638 |
5.95%, 06/15/30 (a)(b) | 60,000 | 58,000 |
14
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Entegris, Inc. | ||
4.38%, 04/15/28 (a)(b) | 25,000 | 23,352 |
3.63%, 05/01/29 (a)(b) | 15,000 | 13,123 |
Fair Isaac Corp. | ||
4.00%, 06/15/28 (a)(b) | 100,000 | 92,100 |
Gen Digital, Inc. | ||
5.00%, 04/15/25 (a)(b) | 48,000 | 47,650 |
6.75%, 09/30/27 (a)(b) | 130,000 | 130,997 |
GoTo Group, Inc. | ||
5.50%, 09/01/27 (a)(b) | 20,000 | 11,824 |
GTCR W-2 Merger Sub LLC | ||
7.50%, 01/15/31 (a)(b) | 200,000 | 203,915 |
HealthEquity, Inc. | ||
4.50%, 10/01/29 (a)(b) | 35,000 | 31,561 |
Imola Merger Corp. | ||
4.75%, 05/15/29 (a)(b) | 130,000 | 118,217 |
Iron Mountain Information Management Services, Inc. | ||
5.00%, 07/15/32 (a)(b) | 130,000 | 113,032 |
Iron Mountain, Inc. | ||
7.00%, 02/15/29 (a)(b) | 140,000 | 141,231 |
5.25%, 07/15/30 (a)(b) | 165,000 | 151,473 |
McAfee Corp. | ||
7.38%, 02/15/30 (a)(b) | 110,000 | 95,112 |
Mobius Merger Sub, Inc. | ||
9.00%, 06/01/30 (a)(b) | 40,000 | 38,038 |
NCR Atleos Corp. | ||
9.50%, 04/01/29 (a)(b) | 20,000 | 20,669 |
NCR Voyix Corp. | ||
5.13%, 04/15/29 (a)(b) | 155,000 | 142,082 |
5.25%, 10/01/30 (a)(b) | 50,000 | 43,997 |
Neptune Bidco U.S., Inc. | ||
9.29%, 04/15/29 (a)(b) | 145,000 | 134,758 |
Newfold Digital Holdings Group, Inc. | ||
11.75%, 10/15/28 (a)(b) | 50,000 | 51,418 |
ON Semiconductor Corp. | ||
3.88%, 09/01/28 (a)(b) | 40,000 | 36,210 |
Open Text Corp. | ||
3.88%, 02/15/28 (a)(b) | 55,000 | 50,114 |
Open Text Holdings, Inc. | ||
4.13%, 02/15/30 (a)(b) | 140,000 | 124,006 |
Paysafe Finance PLC/Paysafe Holdings U.S. Corp. | ||
4.00%, 06/15/29 (a)(b) | 30,000 | 24,817 |
Pitney Bowes, Inc. | ||
6.88%, 03/15/27 (a)(b) | 35,000 | 31,004 |
Presidio Holdings, Inc. | ||
8.25%, 02/01/28 (a)(b) | 50,000 | 48,733 |
PTC, Inc. | ||
3.63%, 02/15/25 (a)(b) | 25,000 | 24,337 |
4.00%, 02/15/28 (a)(b) | 55,000 | 50,649 |
Rackspace Technology Global, Inc. | ||
3.50%, 02/15/28 (a)(b) | 20,000 | 8,219 |
5.38%, 12/01/28 (a)(b) | 25,000 | 7,561 |
RingCentral, Inc. | ||
8.50%, 08/15/30 (a)(b) | 25,000 | 24,929 |
Rocket Software, Inc. | ||
6.50%, 02/15/29 (a)(b) | 25,000 | 20,231 |
Sabre GLBL, Inc. | ||
8.63%, 06/01/27 (a)(b) | 75,000 | 62,701 |
Seagate HDD Cayman | ||
8.25%, 12/15/29 (a)(b) | 75,000 | 79,714 |
9.63%, 12/01/32 (a)(b) | 125,000 | 140,503 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Sensata Technologies BV | ||
5.00%, 10/01/25 (b) | 60,000 | 59,078 |
4.00%, 04/15/29 (a)(b) | 55,000 | 49,401 |
Sensata Technologies, Inc. | ||
3.75%, 02/15/31 (a)(b) | 100,000 | 84,647 |
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc. | ||
4.63%, 11/01/26 (a)(b) | 100,000 | 94,979 |
SS&C Technologies, Inc. | ||
5.50%, 09/30/27 (a)(b) | 110,000 | 106,556 |
TTM Technologies, Inc. | ||
4.00%, 03/01/29 (a)(b) | 35,000 | 31,139 |
Twilio, Inc. | ||
3.88%, 03/15/31 (a) | 55,000 | 47,513 |
Veritas U.S., Inc./Veritas Bermuda Ltd. | ||
7.50%, 09/01/25 (a)(b) | 80,000 | 62,434 |
Verscend Escrow Corp. | ||
9.75%, 08/15/26 (a)(b) | 100,000 | 100,462 |
Viavi Solutions, Inc. | ||
3.75%, 10/01/29 (a)(b) | 25,000 | 20,896 |
West Technology Group LLC | ||
8.50%, 04/10/27 (a)(b) | 20,000 | 17,250 |
Western Digital Corp. | ||
4.75%, 02/15/26 (a) | 100,000 | 96,581 |
Xerox Corp. | ||
4.80%, 03/01/35 | 20,000 | 14,019 |
6.75%, 12/15/39 | 40,000 | 30,181 |
Xerox Holdings Corp. | ||
5.00%, 08/15/25 (a)(b) | 50,000 | 47,924 |
Ziff Davis, Inc. | ||
4.63%, 10/15/30 (a)(b) | 25,000 | 22,052 |
ZoomInfo Technologies LLC/ZoomInfo Finance Corp. | ||
3.88%, 02/01/29 (a)(b) | 35,000 | 30,164 |
5,185,142 | ||
Transportation 2.6% | ||
Air Canada | ||
3.88%, 08/15/26 (a)(b) | 70,000 | 65,384 |
Allegiant Travel Co. | ||
7.25%, 08/15/27 (a)(b) | 50,000 | 47,533 |
American Airlines Group, Inc. | ||
3.75%, 03/01/25 (b) | 25,000 | 23,935 |
American Airlines, Inc. | ||
11.75%, 07/15/25 (b) | 190,000 | 208,052 |
7.25%, 02/15/28 (a)(b) | 65,000 | 64,250 |
8.50%, 05/15/29 (a)(b) | 150,000 | 154,825 |
American Airlines, Inc./AAdvantage Loyalty IP Ltd. | ||
5.50%, 04/20/26 (b) | 129,167 | 127,249 |
5.75%, 04/20/29 (b) | 60,000 | 57,522 |
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. | ||
5.75%, 07/15/27 (a)(b) | 25,000 | 23,606 |
4.75%, 04/01/28 (a)(b) | 85,000 | 77,078 |
5.38%, 03/01/29 (a)(b) | 25,000 | 22,516 |
8.00%, 02/15/31 (a)(b) | 25,000 | 24,456 |
Cargo Aircraft Management, Inc. | ||
4.75%, 02/01/28 (a)(b) | 50,000 | 43,966 |
Delta Air Lines, Inc. | ||
7.38%, 01/15/26 (a) | 40,000 | 40,990 |
3.75%, 10/28/29 (a) | 50,000 | 44,754 |
First Student Bidco, Inc./First Transit Parent, Inc. | ||
4.00%, 07/31/29 (a)(b) | 60,000 | 51,076 |
GN Bondco LLC | ||
9.50%, 10/15/31 (a)(b) | 50,000 | 47,547 |
15
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd. | ||
5.75%, 01/20/26 (a)(b) | 65,000 | 51,772 |
Hertz Corp. | ||
4.63%, 12/01/26 (a)(b) | 25,000 | 22,050 |
5.00%, 12/01/29 (a)(b) | 75,000 | 57,623 |
Rand Parent LLC | ||
8.50%, 02/15/30 (a)(b) | 50,000 | 47,298 |
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd. | ||
8.00%, 09/20/25 (a)(b) | 75,000 | 55,125 |
United Airlines, Inc. | ||
4.38%, 04/15/26 (a)(b) | 140,000 | 133,224 |
4.63%, 04/15/29 (a)(b) | 90,000 | 80,402 |
VistaJet Malta Finance PLC/Vista Management Holding, Inc. | ||
7.88%, 05/01/27 (a)(b) | 32,000 | 27,062 |
9.50%, 06/01/28 (a)(b) | 85,000 | 70,569 |
Watco Cos. LLC/Watco Finance Corp. | ||
6.50%, 06/15/27 (a)(b) | 25,000 | 24,120 |
XPO CNW, Inc. | ||
6.70%, 05/01/34 | 25,000 | 24,922 |
XPO, Inc. | ||
7.13%, 06/01/31 (a)(b) | 35,000 | 35,399 |
1,754,305 | ||
56,359,159 | ||
Utility 3.2% | ||
Electric 3.2% | ||
Algonquin Power & Utilities Corp. | ||
4.75%, 01/18/82 (a)(c) | 40,000 | 32,931 |
Calpine Corp. | ||
4.50%, 02/15/28 (a)(b) | 130,000 | 122,786 |
5.13%, 03/15/28 (a)(b) | 115,000 | 108,318 |
4.63%, 02/01/29 (a)(b) | 50,000 | 45,329 |
5.00%, 02/01/31 (a)(b) | 48,000 | 42,495 |
Clearway Energy Operating LLC | ||
3.75%, 02/15/31 (a)(b) | 115,000 | 96,317 |
DPL, Inc. | ||
4.13%, 07/01/25 (a) | 56,000 | 54,078 |
Edison International | ||
8.13%, 06/15/53 (a)(c) | 45,000 | 45,634 |
Emera, Inc. | ||
6.75%, 06/15/76 (a)(c) | 65,000 | 63,100 |
FirstEnergy Corp. | ||
4.15%, 07/15/27 (a)(d) | 90,000 | 85,699 |
2.65%, 03/01/30 (a) | 125,000 | 105,836 |
7.38%, 11/15/31 | 25,000 | 29,094 |
5.10%, 07/15/47 (a) | 60,000 | 51,681 |
Leeward Renewable Energy Operations LLC | ||
4.25%, 07/01/29 (a)(b) | 25,000 | 21,101 |
NextEra Energy Operating Partners LP | ||
3.88%, 10/15/26 (a)(b) | 80,000 | 73,952 |
NOVA Chemicals Corp. | ||
5.00%, 05/01/25 (a)(b) | 87,000 | 84,407 |
5.25%, 06/01/27 (a)(b) | 65,000 | 58,575 |
4.25%, 05/15/29 (a)(b) | 25,000 | 19,757 |
NRG Energy, Inc. | ||
5.25%, 06/15/29 (a)(b) | 40,000 | 37,302 |
3.88%, 02/15/32 (a)(b) | 185,000 | 151,373 |
SECURITY RATE, MATURITY DATE | FACE AMOUNT ($) | VALUE ($) |
Pattern Energy Operations LP/Pattern Energy Operations, Inc. | ||
4.50%, 08/15/28 (a)(b) | 35,000 | 32,121 |
PG&E Corp. | ||
5.25%, 07/01/30 (a) | 110,000 | 103,443 |
Sunnova Energy Corp. | ||
5.88%, 09/01/26 (a)(b) | 50,000 | 40,581 |
Talen Energy Supply LLC | ||
8.63%, 06/01/30 (a)(b) | 60,000 | 62,897 |
Teine Energy Ltd. | ||
6.88%, 04/15/29 (a)(b) | 50,000 | 47,320 |
Terraform Global Operating LP | ||
6.13%, 03/01/26 (a)(b) | 45,000 | 43,731 |
TerraForm Power Operating LLC | ||
4.75%, 01/15/30 (a)(b) | 55,000 | 49,559 |
Topaz Solar Farms LLC | ||
5.75%, 09/30/39 (b) | 30,994 | 30,023 |
TransAlta Corp. | ||
6.50%, 03/15/40 | 30,000 | 28,334 |
Vistra Operations Co. LLC | ||
5.63%, 02/15/27 (a)(b) | 150,000 | 146,011 |
5.00%, 07/31/27 (a)(b) | 190,000 | 180,957 |
4.38%, 05/01/29 (a)(b) | 50,000 | 45,177 |
2,139,919 | ||
Total Corporates (Cost $64,272,946) | 64,837,375 |
SECURITY | NUMBER OF SHARES | VALUE ($) |
SHORT-TERM INVESTMENTS 0.8% OF NET ASSETS | ||
Money Market Funds 0.8% | ||
State Street Institutional U.S. Government Money Market Fund, Premier Class 5.31% (f) | 511,401 | 511,401 |
Total Short-Term Investments (Cost $511,401) | 511,401 | |
Total Investments in Securities (Cost $64,784,347) | 65,348,776 |
(a) | The effective maturity may be shorter than the final maturity shown because of the possibility of interim principal payments and prepayments or as the result of embedded demand features (puts or calls). |
(b) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $52,403,402 or 79.1% of net assets. |
(c) | Security is in a fixed-rate coupon period. Based on index eligibility requirements and the fund’s investment objective this security will be removed from the index prior to converting to a floating rate security. |
(d) | Step up security that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
(e) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
(f) | The rate shown is the annualized 7-day yield. |
REIT — | Real Estate Investment Trust |
16
Schwab High Yield Bond ETF
Portfolio Holdings (Unaudited) continued
The following is a summary of the inputs used to value the fund’s investments as of November 30, 2023 (see notes to portfolio holdings for additional information):
DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
Assets | ||||
Corporates1 | $— | $64,837,375 | $— | $64,837,375 |
Short-Term Investments1 | 511,401 | — | — | 511,401 |
Total | $511,401 | $64,837,375 | $— | $65,348,776 |
1 | As categorized in the Portfolio Holdings. |
17
Schwab High Yield 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 technique, 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.
• Mutual funds: Mutual funds are valued at their respective net asset values (NAVs).
• 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 which could be Level 1, Level 2 or Level 3 in the fair value hierarchy.
• 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
18
Schwab High Yield Bond ETF
Notes to Portfolio Holdings (Unaudited) (continued)
third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated in the absence of market information. Assumptions used due to the lack of observable inputs may significantly impact the resulting fair value and therefore a fund’s results of operations.
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The levels associated with valuing the fund’s investments as of November 30, 2023, are disclosed in the fund’s Portfolio Holdings.
REG123135NOV23
19