SMBSSchwab Mortgage-Backed Securities ETF

Get income1y track recordRanked #153 of 1,622 in this goal

The funds goal is to track as closely as possible the total return of an index composed of investment-grade mortgage-backed securities.

By Schwab ETFs · Launched 2024

Annual Cost

0.03%

#190 of 5,562 · low cost

Fund Size

$6.4B

#382 of 5,562 · large

Dividend YieldGoal

5.14%

Track Record

1 year

#3,943 of 5,562 · young

Performance

Total-return NAV · USD

Growth of $10,000

$10,625+6.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

Bloomberg US MBS Float Adjusted Total Return Index

What it actually holds

By weight

Concentration

Top 10 holdings = 4.4% of fund✓ well diversified

State Street Institutional US Government Money Market Fund

1.9%

Fannie Mae

0.3%

Freddie Mac

0.3%

Freddie Mac

0.3%

Freddie Mac

0.3%

Government National Mortgage Association

0.3%

Freddie Mac

0.3%

Government National Mortgage Association

0.3%

Freddie Mac

0.2%

Freddie Mac

0.2%

Asset allocation

Bonds

98.3%

Cash

1.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.1%Low

Year-on-year price swings

Max drawdown

-3.2%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.0 years

Avg maturity

9.4 years

Credit ratings

AAA

1.6%

98.4%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: The funds goal is to track as closely as possible the total return of an index composed of investment-grade mortgage-backed securities.
Strategy: Invests primarily in securities included in the Bloomberg US MBS Float Adjusted Total Return Index, which tracks fixed-rate agency mortgage-backed securities guaranteed by U.S. government agencies. The fund may use sampling techniques to track the index and will invest at least 90% of its net assets in index securities. It may also invest in derivatives to manage interest rate and credit risk exposure, and may hold cash equivalents.
Inception date: November 18, 2024
Fund family: Schwab ETFs