Symbols

SMBS

Schwab MortgageBacked Securities ETF·NYSE

--(--)

Key Stats

Assets Under Management

5.86BUSD

Fund Flows (1Y)

809.12MUSD

Dividend Yield

4.40%

Discount/Premium to NAV

Shares Outstanding

228.60M

Expense Ratio

0.03%

About Schwab MortgageBacked Securities ETF

Issuer

Charles Schwab Investment Management, Inc.

Brand

Schwab

Home Page

https://www.schwabassetmanagement.com/products/smbs

Inception Date

Nov 19, 2024

Structure

Open-Ended Fund

Index Tracked

Bloomberg US MBS Float Adjusted Total Return Index

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.

Distributor

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.