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About Schwab Strategic Trust Schwab Mortgage-Backed Securities ETF
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Inception date
Nov 19, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Charles Schwab Investment Management, Inc.
SMBS offers representative exposure to US mortgage pass-through securities. The index consists of fixed-rate, investment grade, agency mortgage-backed securities guaranteed by Ginnie Mae, Fannie Mae, and Freddie Mac. The index construction starts by initially grouping individual to-be-announced (TBA) deliverable mortgage-backed securities into pool aggregates based on program, coupon, and vintage. These pool aggregates must have a minimum of $1 billion currently outstanding and a weighted average maturity of at least 1 year to be included in the index. The index constituents are market value-weighted and reconstituted on the last business day of each month.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized99.50%
Cash0.50%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SMBS last dividends amounted to 0.03 USD. The month before, the issuer paid 0.10 USD in dividends, which shows a 270.44% decrease.
SMBS assets under management is 5.05 B USD. It's risen 9.56 K% over the last month.
SMBS fund flows account for 5.04 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SMBS pays dividends to its holders with the dividend yield of 4.69%. The last dividend (May 7, 2025) amounted to 0.03 USD. The dividends are paid monthly.
SMBS shares are issued by The Charles Schwab Corp. under the brand Schwab. The ETF was launched on Nov 19, 2024, and its management style is Passive.
SMBS expense ratio is 0.03% meaning you'd have to pay 0.03% of your investment to help manage the fund.
SMBS follows the Bloomberg US MBS - Float Adjusted. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SMBS invests in bonds.
SMBS price has fallen by −0.88% over the last month, and its yearly performance shows a −0.96% decrease. See more dynamics on SMBS price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.28% over the last month, showed a −0.92% decrease in three-month performance and has decreased by −0.24% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.28% over the last month, showed a −0.92% decrease in three-month performance and has decreased by −0.24% in a year.
SMBS trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.