SMBSSchwab Mortgage-Backed Securities ETF
Tracks the total return of an index composed of investment-grade mortgage-backed securities issued and/or guaranteed by U.S. government agencies.
By Schwab ETFs · Launched 2024
Annual Cost
0.03%
#41 of 6,040 · low cost
Fund Size
$6.6B
#400 of 6,040 · large
Return (1Y)
+0.2%
Track Record
1 year
#3,866 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,045+0.4%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
Bloomberg US MBS Float Adjusted Total Return Index
Holdings
By weightConcentration
Top 10 holdings = 4.1% of funddiversified
State Street Institutional US Government Money Market Fund
1.5%
Freddie Mac
0.5%
Fannie Mae
0.3%
Freddie Mac
0.3%
Freddie Mac
0.3%
Freddie Mac
0.3%
Government National Mortgage Association
0.3%
Government National Mortgage Association
0.3%
Freddie Mac
0.2%
Freddie Mac
0.2%
Asset allocation
Bonds
98.5%
Cash
1.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.2%Low
Year-on-year price swings
Max drawdown
-3.4%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
4.1 years
Avg maturity
9.3 years
Credit ratings
AAA
1.5%
AA
98.5%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Tracks the total return of an index composed of investment-grade mortgage-backed securities issued and/or guaranteed by U.S. government agencies.
- Strategy
- Invests primarily in investment-grade mortgage-backed securities included in the Bloomberg US MBS Float Adjusted Total Return Index, which is market capitalization weighted and tracks fixed-rate agency MBS guaranteed by U.S. government agencies. The fund aims to closely track the index's total return using sampling techniques and may invest in derivatives to manage interest rate and credit risk exposure.
- Inception date
- November 18, 2024
- Fund family
- Schwab ETFs
Similar funds
Same asset class, closest by strategy & exposureNext steps
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Data updated on 2026-09-18