SCHWAB STRATEGIC TRUST
(Trust)
Schwab® U.S. TIPS ETF
Schwab®
Short-Term U.S. Treasury ETF
Schwab® Intermediate-Term U.S. Treasury ETF
Schwab® U.S. Aggregate Bond ETF
(each, a fund and collectively, the funds)
Supplement dated February 28, 2020 to each funds currently effective Summary Prospectus, Statutory Prospectus and Statement of Additional
Information (SAI)
This supplement provides new and additional information beyond that contained in the Summary Prospectuses, Statutory Prospectus and SAI and should be
read in conjunction with the Summary Prospectuses, Statutory Prospectus and SAI.
At a meeting held on September 24, 2019, the Board of Trustees of the
Trust approved changes to the funds investment objectives, which are non-fundamental. These changes, which are summarized below, will be effective on or about April 28, 2020. Please note that no
shareholder action is required and these changes will not affect the management of each funds portfolio.
a. Summary Prospectus and Statutory Prospectus Under the funds Investment Objective
section: The paragraph is deleted and replaced in its entirety with the following:
The funds goal is to track as closely as possible,
before fees and expenses, the total return of an index composed of inflation-protected U.S. Treasury securities.
b. Statutory Prospectus Under Investment Objective for the fund in the Fund Details
Investment Objectives and More About Principal Risks section: The paragraph is deleted and replaced in its entirety with the following:
The funds goal is to track as closely as possible, before fees and expenses, the total return of an index composed of inflation-protected U.S.
Treasury securities. The funds investment objective is not fundamental and therefore may be changed by the funds Board of Trustees without shareholder approval.
c. SAI Under Investment Objectives in the Investment Objectives, Strategies, Risks and
Limitations section: The second paragraph is deleted and replaced in its entirety with the following:
The Schwab U.S. TIPS ETFs
goal is to track as closely as possible, before fees and expenses, the total return of an index composed of inflation-protected U.S. Treasury securities.
2.
|
Schwab Short-Term U.S. Treasury ETF
|
a. Summary Prospectus and Statutory Prospectus Under the funds Investment Objective
section: The paragraph is deleted and replaced in its entirety with the following:
The funds goal is to track as closely as possible,
before fees and expenses, the total return of an index that measures the performance of the short-term U.S. Treasury bond market.
1
b. Statutory Prospectus Under Investment Objective
for the fund in the Fund Details Investment Objectives and More About Principal Risks section: The paragraph is deleted and replaced in its entirety with the following:
The funds goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the
short-term U.S. Treasury bond market. The funds investment objective is not fundamental and therefore may be changed by the funds Board of Trustees without shareholder approval.
c. SAI Under Investment Objectives in the Investment Objectives, Strategies, Risks and
Limitations section: The third paragraph is deleted and replaced in its entirety with the following:
The Schwab Short-Term U.S.
Treasury ETFs goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the short-term U.S. Treasury bond market.
3.
|
Schwab Intermediate-Term U.S. Treasury ETF
|
a. Summary Prospectus and Statutory Prospectus Under the funds Investment Objective
section: The paragraph is deleted and replaced in its entirety with the following:
The funds goal is to track as closely as possible,
before fees and expenses, the total return of an index that measures the performance of the intermediate-term U.S. Treasury bond market.
b. Statutory Prospectus Under Investment Objective for the fund in the Fund Details
Investment Objectives and More About Principal Risks section: The paragraph is deleted and replaced in its entirety with the following:
The funds goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the
intermediate-term U.S. Treasury bond market. The funds investment objective is not fundamental and therefore may be changed by the funds Board of Trustees without shareholder approval.
c. SAI Under Investment Objectives in the Investment Objectives, Strategies, Risks and
Limitations section: The fourth paragraph is deleted and replaced in its entirety with the following:
The Schwab Intermediate-Term
U.S. Treasury ETFs goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the intermediate-term U.S. Treasury bond market.
4.
|
Schwab U.S. Aggregate Bond ETF
|
a. Summary Prospectus and Statutory Prospectus Under the funds Investment Objective
section: The paragraph is deleted and replaced in its entirety with the following:
The funds goal is to track as closely as possible,
before fees and expenses, the total return of an index that measures the performance of the broad U.S. investment-grade bond market.
2
b. Statutory Prospectus Under Investment Objective
for the fund in the Fund Details Investment Objectives and More About Principal Risks section: The paragraph is deleted and replaced in its entirety with the following:
The funds goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the
broad U.S. investment-grade bond market. The funds investment objective is not fundamental and therefore may be changed by the funds Board of Trustees without shareholder approval.
c. SAI Under Investment Objectives in the Investment Objectives, Strategies, Risks and
Limitations section: The fifth paragraph is deleted and replaced in its entirety with the following:
The Schwab U.S. Aggregate Bond
ETFs goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the broad U.S. investment-grade bond market.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
REG108185-01 (02/20)
00242496
3
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