Schwab Strategic Trust Schwab Mortgage-Backed Securities ETFSchwab Strategic Trust Schwab Mortgage-Backed Securities ETFSchwab Strategic Trust Schwab Mortgage-Backed Securities ETF

Schwab Strategic Trust Schwab Mortgage-Backed Securities ETF

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Key stats


Assets under management (AUM)
‪5.01 B‬USD
Fund flows (1Y)
‪4.93 B‬USD
Dividend yield (indicated)
5.41%
Discount/Premium to NAV
0.3%
Shares outstanding
‪197.80 M‬
Expense ratio
0.03%

About Schwab Strategic Trust Schwab Mortgage-Backed Securities ETF


Brand
Schwab
Inception date
Nov 19, 2024
Structure
Open-Ended Fund
Index tracked
Bloomberg US MBS - Float Adjusted
Management style
Passive
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


Asset Class
Fixed income
Category
Government, mortgage-backed
Focus
Investment grade
Niche
Broad maturities
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market value
Selection criteria
Market value

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of April 29, 2025
Exposure type
Bonds, Cash & Other
Securitized
Bonds, Cash & Other100.00%
Securitized97.89%
Cash2.11%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows