Schwab Strategic Trust - Schwab Ariel ESG ETF is an exchange traded fund launched and managed by Charles Schwab Investment Management, Inc. The fund is co-managed by Ariel Investments, LLC. It invests in the public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization, within the market capitalization range of the Russell 2500 Index. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. It seeks to benchmark the performance of its portfolio against the Russell 2500 Index and the S&P 500 Index. The fund does not invest in companies related to the production or sale of tobacco products, the exploration for or the extraction of fossil fuels, including coal, oil, and natural gas, the operation of private prisons or jails and the manufacture of firearms, personal weapons, small arms, or controversial military weapons, such as weapons of mass destruction, nuclear weapons, land mines, and cluster munitions. It employs proprietary research to create its portfolio. Schwab Strategic Trust - Schwab Ariel ESG ETF was formed on November 16, 2021 and is domiciled in the United States.