|
Douglas P. Dick, Esq.
Dechert LLP 1900 K Street, N.W. Washington, DC 20006 |
| |
Gregory C. Davis, Esq.
Ropes & Gray LLP Three Embarcadero Center San Francisco, CA 94111‑4006 |
|
|
Ticker Symbol
|
| |
SCCR
|
|
| Fund Summary | | | | | | | |
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|
Ticker Symbol:
|
| | SCCR | |
| | |||
| | | | |
of the value of your investment) | | |||
Management fees | | | | |
Other expenses(1) | | | | |
Total annual fund operating expenses | | | | |
| | | |||||||||
| 1 Year | | | 3 Years | | ||||||
| | $ | | | | | $ | | |
|
Schwab Core Bond ETF
|
| | SCCR | |
|
Schwab Core Bond ETF
|
| | SCCR | |
Fund
|
| |
Approximate Value
of One Creation Unit |
| |
Standard
Creation/Redemption Transaction Fee |
| |
Maximum
Additional Creation Transaction Fee(1) |
| |
Maximum
Additional Redemption Transaction Fee(1) |
| ||||||||||||
Schwab Core Bond ETF
|
| | | $ | 2,500,000 | | | | | $ | 100 | | | | | | 3% | | | | | | 2% | | |
| SEC File Number | | | | |
|
Schwab Strategic Trust 811‑22311
|
| | REG126181-00 | |
|
Schwab® Core Bond ETF
|
| |
SCCR
|
|
| | |
Page
|
| |||
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| | | | 18 | | | |
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| | | | 24 | | | |
| | | | 25 | | | |
| | | | 27 | | | |
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| | | | 31 | | | |
| | | | 34 | | | |
APPENDIX - RATINGS OF INVESTMENT SECURITIES | | | | | | | |
APPENDIX – PROXY VOTING POLICY | | | | | | | |
|
Name, Year of Birth, and Position(s) with the Trust
(Term of Office and Length of Time Served(1)) |
| |
Principal Occupations
During the Past Five Years |
| |
Number of Portfolios
in Fund Complex Overseen by the Trustee |
| |
Other Directorships During
the Past Five Years |
|
|
INDEPENDENT TRUSTEES
|
| |||||||||
|
Michael J. Beer
1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) |
| | Retired. Director, President and Chief Executive Officer (Dec. 2016-Sept. 2019), Principal Funds (investment management). | | |
108
|
| |
Director (2016‑2019),
Principal Funds, Inc. |
|
|
Robert W. Burns
1959 Trustee (Trustee of Schwab Strategic Trust since 2009; The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2016) |
| | Retired/Private Investor. | | |
108
|
| | None | |
|
Nancy F. Heller
1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) |
| | Retired. | | |
108
|
| | None | |
|
David L. Mahoney
1954 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2011; Schwab Strategic Trust since 2016) |
| | Private Investor. | | |
108
|
| |
Director (2004‑present),
Corcept Therapeutics Incorporated
Director (2009‑2021),
Adamas Pharmaceuticals, Inc.
Director (2003‑2019),
Symantec Corporation |
|
|
Jane P. Moncreiff
1961 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2019) |
| | Consultant (2018-present), Fulham Advisers LLC (management consulting); Chief Investment Officer (2009-2017), CareGroup Healthcare System, Inc. (healthcare). | | |
108
|
| | None | |
|
Kimberly S. Patmore
1956 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2016) |
| | Consultant (2008-present), Patmore Management Consulting (management consulting). | | |
108
|
| | None | |
|
J. Derek Penn
1957 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) |
| | Head of Equity Sales and Trading (2006-2018), BNY Mellon (financial services). | | |
108
|
| | None | |
|
INTERESTED TRUSTEES
|
| |||||||||
|
Omar Aguilar(2)
1970 Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2025) |
| | Director (Oct. 2024-present), Chief Executive Officer (Jan. 2022-present), President (Oct. 2023-present), Chief Investment Officer (Apr. 2011-present) and Senior Vice President (Apr. 2011-Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022-July 2024), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (Sept. 2023-present), President (Oct. 2023-present), Chief Investment Officer (June 2011-present) and Vice President (June 2011-Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. | | |
108
|
| | None | |
|
Name, Year of Birth, and Position(s) with the Trust
(Term of Office and Length of Time Served(1)) |
| |
Principal Occupations
During the Past Five Years |
| |
Number of Portfolios
in Fund Complex Overseen by the Trustee |
| |
Other Directorships During
the Past Five Years |
|
|
INTERESTED TRUSTEES
|
| |||||||||
|
Richard A. Wurster(2)
1973 Chairman and Trustee (Trustee of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2022) |
| | Director and Chief Executive Officer (Jan. 2025-present), President (Oct. 2021-present), and Executive Vice President – Schwab Asset Management Solutions (Apr. 2019-Oct. 2021), The Charles Schwab Corporation; President, Director (Nov. 2021-Dec. 2024), Executive Vice President – Schwab Asset Management Solutions (July 2019-Oct. 2021) and Senior Vice President – Advisory (May 2016-July 2019), Charles Schwab & Co., Inc.; President (Nov. 2021-Dec. 2024), Schwab Holdings, Inc.; Director (Oct. 2021-present) and Chief Executive Officer (Nov. 2019-Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Mar. 2018-Oct. 2022), Charles Schwab Investment Advisory, Inc.; Chief Executive Officer (July 2016-Apr. 2018) and President (Mar. 2017-Apr. 2018), ThomasPartners, Inc.; Chief Executive Officer (July 2016-Apr. 2018), Windhaven Investment Management, Inc. | | |
108
|
| |
Director (2025‑present),
The Charles Schwab Corporation |
|
|
Name, Year of Birth, and Position(s) with the Trust
(Term of Office and Length of Time Served(3)) |
| |
Principal Occupations During the Past Five Years
|
|
|
OFFICERS
|
| |||
|
Omar Aguilar
1970 Chief Executive Officer, President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2011) |
| | Director (Oct. 2024-present), Chief Executive Officer (Jan. 2022-present), President (Oct. 2023-present), Chief Investment Officer (Apr. 2011-present) and Senior Vice President (Apr. 2011-Jan. 2022), Charles Schwab Investment Management, Inc.; Director, Chief Executive Officer and President (Oct. 2022-July 2024), Charles Schwab Investment Advisory, Inc.; Trustee (Jan. 2025-present), Chief Executive Officer (Sept. 2023-present), President (Oct. 2023-present), Chief Investment Officer (June 2011-present) and Vice President (June 2011-Sept. 2023), Schwab Funds, Laudus Trust and Schwab ETFs. | |
|
Jessica Seidlitz
1978 Chief Operating Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust from 2013‑2017 and since 2023) |
| | Chief Operating Officer and Chief Financial Officer (Sept. 2024-present), Managing Director (Nov. 2023-present), and Chief Compliance Officer (Nov. 2023-Dec. 2024), Charles Schwab Investment Management, Inc.; Managing Director (Jan. 2019-present), Charles Schwab & Co., Inc.; Chief Compliance Officer (Mar. 2021-June 2023), Schwab Wealth Advisory, Inc.; Chief Operating Officer (Sept. 2024–present), and Chief Compliance Officer (Oct. 2023-Dec. 2024), Schwab Funds, Laudus Trust and Schwab ETFs; Assistant Treasurer (Sept. 2013-Sept. 2017), Schwab Funds and Laudus Funds; Assistant Treasurer (Nov. 2013-Sept. 2017), Schwab ETFs. | |
|
Dana Smith
1965 Treasurer and Chief Financial Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2023) |
| | Treasurer and Chief Financial Officer (Jan. 2023-present) and Assistant Treasurer (Dec. 2015-Dec. 2022), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023-present), Vice President (Mar. 2022-Mar. 2023) and Director (Oct. 2015-Mar. 2022), Charles Schwab Investment Management, Inc.; Managing Director (May 2022-present) and Vice President (Apr. 2022-May 2022), Charles Schwab & Co., Inc. | |
|
Patrick Cassidy
1964 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2018) |
| | Chief Investment Officer (Oct. 2023-present) and Vice President (Feb. 2018-present), Schwab Funds, Laudus Trust and Schwab ETFs; Managing Director (Mar. 2023-present), Chief Investment Officer (Oct. 2023-present), and Senior Vice President (Oct. 2012-Mar. 2023), Charles Schwab Investment Management, Inc. | |
|
William P. McMahon, Jr.
1972 Vice President and Chief Investment Officer (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios, Schwab Strategic Trust and Laudus Trust since 2021) |
| | Managing Director (Mar. 2023-present), Senior Vice President (Jan. 2020-Mar. 2023) and Chief Investment Officer (Jan. 2020-present), Charles Schwab Investment Management, Inc.; Vice President and Chief Investment Officer (June 2021-present), Schwab Funds, Laudus Trust and Schwab ETFs; Senior Vice President and Chief Investment Officer – ThomasPartners Strategies (Apr. 2018-Dec. 2019), Charles Schwab Investment Advisory, Inc.; Senior Vice President and Chief Investment Officer (May 2001-Apr. 2018), ThomasPartners, Inc. | |
|
Name, Year of Birth, and Position(s) with the Trust
(Term of Office and Length of Time Served(3)) |
| |
Principal Occupations During the Past Five Years
|
|
|
OFFICERS
|
| |||
|
Catherine MacGregor
1964 Chief Legal Officer and Secretary, Schwab Funds and Schwab ETFs Chief Legal Officer, Vice President and Clerk, Laudus Trust (Officer of The Charles Schwab Family of Funds, Schwab Investments, Schwab Capital Trust, Schwab Annuity Portfolios and Laudus Trust since 2005; Schwab Strategic Trust since 2009) |
| | Chief Legal Officer (Mar. 2022-present), Managing Director (Mar. 2023-present) and Vice President (Sept. 2005-Mar. 2023), Charles Schwab Investment Management, Inc.; Managing Director (May 2022-present) and Vice President (Aug. 2005-May 2022), Charles Schwab & Co., Inc.; Vice President (Dec. 2005-present) and Chief Legal Officer and Clerk (Mar. 2007-present), Laudus Trust; Chief Legal Officer and Secretary (Oct. 2021-present), Vice President (Nov. 2005-Oct. 2021) and Assistant Secretary (June 2007-Oct. 2021), Schwab Funds; Chief Legal Officer and Secretary (Oct. 2021-present), Vice President and Assistant Secretary (Oct. 2009-Oct. 2021), Schwab ETFs. | |
Name of Trustee
|
| |
Aggregate
Compensation from the Fund in this SAI(1) |
| |
Pension or Retirement Benefits
Accrued as Part of Fund Expenses |
| |
Total Compensation from the Fund
and Fund Complex Paid to Trustee |
| ||||||
INTERESTED TRUSTEES
|
| |||||||||||||||
Omar Aguilar | | | | | None | | | |
N/A
|
| | | | None | | |
Richard A. Wurster | | | | | None | | | |
N/A
|
| | | | None | | |
INDEPENDENT TRUSTEES
|
| |||||||||||||||
Michael J. Beer | | | | $ | 1,217 | | | |
N/A
|
| | | $ | 352,500 | | |
Robert W. Burns | | | | $ | 1,217 | | | |
N/A
|
| | | $ | 352,500 | | |
Nancy F. Heller | | | | $ | 1,217 | | | |
N/A
|
| | | $ | 352,500 | | |
David L. Mahoney | | | | $ | 1,337 | | | |
N/A
|
| | | $ | 385,000 | | |
Jane P. Moncreiff | | | | $ | 1,302 | | | |
N/A
|
| | | $ | 377,500 | | |
Kimberly S. Patmore | | | | $ | 1,302 | | | |
N/A
|
| | | $ | 377,500 | | |
J. Derek Penn | | | | $ | 1,217 | | | |
N/A
|
| | | $ | 352,500 | | |
Name of Trustee
|
| |
Dollar Range of Trustee Ownership of the Fund Included in the SAI
|
| |
Aggregate Dollar Range
of Trustee Ownership in the Family of Investment Companies |
| |||
INTERESTED TRUSTEES
|
| |||||||||
Omar Aguilar
|
| | Schwab Core Bond ETF | | |
None
|
| |
Over $100,000
|
|
Richard A. Wurster
|
| | Schwab Core Bond ETF | | |
None
|
| |
Over $100,000
|
|
INDEPENDENT TRUSTEES
|
| |||||||||
Michael J. Beer
|
| | Schwab Core Bond ETF | | |
None
|
| |
Over $100,000
|
|
Robert W. Burns
|
| | Schwab Core Bond ETF | | |
None
|
| |
Over $100,000
|
|
Nancy F. Heller
|
| | Schwab Core Bond ETF | | |
None
|
| |
Over $100,000
|
|
David L. Mahoney
|
| | Schwab Core Bond ETF | | |
None
|
| |
Over $100,000
|
|
Jane P. Moncreiff
|
| | Schwab Core Bond ETF | | |
None
|
| |
Over $100,000
|
|
Kimberly S. Patmore
|
| | Schwab Core Bond ETF | | |
None
|
| |
Over $100,000
|
|
J. Derek Penn
|
| | Schwab Core Bond ETF | | |
None
|
| |
None
|
|
Fund
|
| |
Fee
|
| |||
Schwab Core Bond ETF | | | | | 0.16% | | |
| | |
Registered Investment Companies
(this amount does not include the fund in this SAI) |
| |
Other Pooled Investment Vehicles
|
| |
Other Accounts
|
| |||||||||||||||||||||||||||
Name
|
| |
Number of Accounts
|
| |
Total Assets
|
| |
Number of Accounts
|
| |
Total Assets
|
| |
Number of Accounts
|
| |
Total Assets
|
| ||||||||||||||||||
John Majoros
|
| | | | 0 | | | | | $ | 0 | | | | | | 0 | | | | | $ | 0 | | | | | | 21,289 | | | | | $ | 15,498,998,608 | | |
Brian Luedtke
|
| | | | 0 | | | | | $ | 0 | | | | | | 0 | | | | | $ | 0 | | | | | | 21,289 | | | | | $ | 15,498,998,608 | | |
Fund
|
| |
Approximate Value of
One Creation Unit |
| |
Standard Creation/
Redemption Transaction Fee |
| |
Maximum Additional Creation
Transaction Fee(1) |
| |
Maximum Additional
Redemption Transaction Fee(1) |
| ||||||||||||
Schwab Core Bond ETF | | | | $ | 2,500,000 | | | | | $ | 100 | | | | | | 3% | | | | | | 2% | | |
|
The Charles Schwab Family of Funds
Schwab Investments
Schwab Capital Trust
Schwab Annuity Portfolios
Laudus Trust
Schwab Strategic Trust
|
|
|
Charles Schwab Investment Management, Inc.
|
|
| EX-101 | | | Inline Interactive Data File - the instance document does not appear on the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document | |
| EX-101.INS | | | XBRL Taxonomy Instance Document | |
| EX-101.SCH | | | XBRL Taxonomy Schema Document | |
| EX-101.CAL | | | XBRL Taxonomy Calculation Linkbase Document | |
| EX-101.DEF | | | XBRL Taxonomy Definition Linkbase Document | |
| EX-101.LAB | | | XBRL Taxonomy Label Linkbase Document | |
| EX-101.PRE | | | XBRL Taxonomy Presentation Linkbase Document | |
Name and Position with Adviser
|
| |
Name of Other Company
|
| |
Capacity
|
|
Omar Aguilar, Director, Chief Executive Officer, President and Chief Investment Officer
|
| |
Schwab ETFs
|
| |
Trustee, Chief Executive Officer, President and Chief Investment Officer
|
|
| Schwab Funds | | | Trustee, Chief Executive Officer, President and Chief Investment Officer | | ||
| Laudus Trust | | | Trustee, Chief Executive Officer, President and Chief Investment Officer | | ||
Patrick Cassidy, Managing Director and Chief Investment Officer
|
| |
Schwab Funds
|
| |
Vice President and Chief Investment Officer
|
|
| Laudus Trust | | | Vice President and Chief Investment Officer | | ||
| Schwab ETFs | | | Vice President and Chief Investment Officer | | ||
Mark Hunter, Managing Director and Chief Compliance Officer
|
| |
Charles Schwab & Co., Inc
|
| |
Managing Director
|
|
| Schwab ETFs | | | Chief Compliance Officer | | ||
| Schwab Funds | | | Chief Compliance Officer | | ||
| Laudus Trust | | | Chief Compliance Officer | | ||
Catherine MacGregor, Managing Director and Chief Legal Officer
|
| |
Charles Schwab & Co., Inc.
|
| |
Managing Director
|
|
| Schwab ETFs | | | Secretary and Chief Legal Officer | | ||
| Schwab Funds | | | Secretary and Chief Legal Officer | | ||
| Laudus Trust | | | Vice President, Chief Legal Officer and Clerk | | ||
William P. McMahon, Jr., Managing Director and Chief Investment Officer
|
| |
Schwab ETFs
|
| |
Vice President and Chief Investment Officer
|
|
| Schwab Funds | | | Vice President and Chief Investment Officer | | ||
| Laudus Trust | | | Vice President and Chief Investment Officer | | ||
Jessica Seidlitz, Managing Director, Chief Operating Officer, and Chief Financial Officer
|
| |
Schwab Funds
|
| |
Chief Operating Officer
|
|
| Schwab ETFs | | | Chief Operating Officer | | ||
| Laudus Trust | | | Chief Operating Officer | | ||
| Charles Schwab & Co., Inc. | | | Managing Director | | ||
Michael D. Verdeschi, Director
|
| |
The Charles Schwab Corporation
|
| |
Managing Director and Chief Financial Officer
|
|
| Charles Schwab & Co., Inc. | | | Director, Managing Director and Chief Financial Officer | | ||
| Family Wealth Alliance, Inc. | | | Managing Director and Chief Financial Officer | | ||
| Ameritrade Holding LLC | | | Manager | | ||
| Schwab Holdings, Inc. | | | Director, Managing Director and Chief Financial Officer | | ||
| Charles Schwab Global Holdings, Inc. | | | Managing Director and Chief Financial Officer | | ||
| Performance Technologies, Inc. | | | Managing Director and Chief Financial Officer | | ||
| Schwab (SIS) Holdings, Inc. I | | | Managing Director and Chief Financial Officer | | ||
| Schwab Technology Holdings, Inc. | | | Managing Director and Chief Financial Officer | | ||
Richard A. Wurster, Director
|
| |
Schwab Funds
|
| |
Chairman and Trustee
|
|
| Schwab ETFs | | | Chairman and Trustee | | ||
| Laudus Trust | | | Chairman and Trustee | | ||
| The Charles Schwab Corporation | | | Director, Chief Executive Officer and President | |
Name
|
| |
Position and Office with Underwriter
|
| |
Positions and Offices with Registrant
|
|
Paul F. Klauder | | | President, Chief Executive Officer & Director | | | None | |
John C. Munch | | | General Counsel & Secretary | | | None | |
William M. Doran | | | Director | | | None | |
John Alshefski | | | Director | | | None | |
Kevin Crowe | | | Director | | | None | |
Jason McGhin | | | Vice President & Chief Operations Officer | | | None | |
John P. Coary | | | Vice President, Chief Financial Officer & Treasurer | | | None | |
Jennifer H. Campisi | | | Chief Compliance Officer, Assistant Secretary & Anti-Money Laundering Officer | | | None | |
William M. Martin | | | Vice President | | | None | |
Christopher Rowan | | | Vice President | | | None | |
Judith A. Rager | | | Vice President | | | None | |
Gary Michael Reese | | | Vice President | | | None | |
Robert M. Silvestri | | | Vice President | | | None | |
| | |
SCHWAB STRATEGIC TRUST
Registrant |
|
| | |
Omar Aguilar *
Omar Aguilar, Chief Executive Officer, President and Chief Investment Officer
|
|
Signature
|
| | | | |
Title
|
|
Richard A. Wurster*
Richard A. Wurster
|
| | | | | Chairman and Trustee | |
Michael J. Beer*
Michael J. Beer
|
| | | | | Trustee | |
Robert W. Burns*
Robert W. Burns
|
| | | | | Trustee | |
Nancy F. Heller*
Nancy F. Heller
|
| | | | | Trustee | |
David L. Mahoney*
David L. Mahoney
|
| | | | | Trustee | |
Jane P. Moncreiff*
Jane P. Moncreiff
|
| | | | | Trustee | |
Kimberly S. Patmore*
Kimberly S. Patmore
|
| | | | | Trustee | |
J. Derek Penn*
J. Derek Penn
|
| | | | | Trustee | |
Omar Aguilar*
Omar Aguilar
|
| | | | | Trustee, Chief Executive Officer, President and Chief Investment Officer | |
Dana S. Smith*
Dana S. Smith
|
| | | | | Treasurer and Chief Financial Officer | |
| *By: | | |
/s/ Douglas P. Dick
Douglas P. Dick, Attorney‑in‑Fact
Pursuant to Power of Attorney |
|