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Schwab Mortgage-Backed Securities (SMBS)

Bond ETF · Charles Schwab · NYSE ARCA · 4,197 holdings
$24.47 ▲ +0.18 (0.76%)
At close · USD · Volume 1,452,720
Returns and riskCostIncomeDividend historyHoldingsQuestions
52-week range
$23.80 – $26.12
Day's range
$24.37 – $24.52
1-year total return
−0.7%

SMBS price chart

Daily, split-corrected, distributions markedEnd-of-day prices

SMBS fund facts

FundSchwab Mortgage-Backed Securities ETF
TickerSMBS · NYSE ARCA
Issuer (by our rules)Charles Schwab
Category (by our rules)Bond
Expense ratio0.03%
Holdings4,197
Net assets (fund, SEC)$6.4B
Yield (last 12 months)5.35%
DistributionsMonthly
52-week range$23.80 – $26.12
Average volume (3 months)1,163,851
First price in our data19 Nov 2024
Issuer and category are assigned by StocksXray rules from the fund name. Expense ratio and net assets come from SEC filings; where a fund does not file them (for example grantor trusts) the field stays empty.

Returns and risk

1 month
+0.0%
3 months
−1.0%
6 months
−2.0%
Year to date
−0.9%
1 year
−0.7%
3 years a year
n/a
5 years a year
n/a
10 years a year
n/a
Volatility (1 year)
4.7%
Largest drop, last year
−5.2%
Largest drop in our data
−5.2%
Total return includes distributions, from end-of-day prices adjusted for splits and distributions, to 22 Oct 2026. Periods of 3 years and longer are annualised and shown only when the fund's history is long enough. Volatility is the standard deviation of daily returns over the last year, annualised. Past performance does not guarantee future results.

Cost: expense ratio

0.03% a year

On $10,000 invested that is about $3 a year in fund costs, taken out of the fund's assets.

Source: the fund's prospectus, as filed with the SEC on 22 Dec 2025 (risk/return summary data). Brokerage commissions and the bid-ask spread are separate costs.

Income: distributions

Paid, last 12 months
1.31 USD
Yield on today's price
5.35%
Frequency
Monthly
Latest ex-date
1 Oct 2026
Full SMBS dividend history →
Cash paid per current share (restated for share splits), before tax, from EODHD.

SMBS top holdings

#HoldingWeight
1 State Street Institutional US Government Money Market Fund 1.67%
2 Government National Mortgage Association 0.47%
3 Freddie Mac 0.35%
4 Freddie Mac 0.29%
5 Fannie Mae 0.28%
6 Freddie Mac 0.27%
7 Freddie Mac 0.26%
8 Freddie Mac 0.25%
9 Freddie Mac 0.25%
10 Government National Mortgage Association 0.24%
The top 10 make up 4.3% of the fund, out of 4,197 holdings.
Positions as of 31 May 2026, from the fund's Form N-PORT filed with the SEC. Public N-PORT holdings are quarter-end positions published about 60 days later, so they can be months old and the fund may have changed since.

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Funds of the same category, nearest in trading size. Similar does not mean equivalent: check holdings and costs.

SMBS: frequently asked questions

What is SMBS?

SMBS is the Schwab Mortgage-Backed Securities ETF, issued by Charles Schwab, listed on NYSE ARCA. By our rules it is classed as "Bond". Its latest SEC filing lists 4,197 holdings.

What is the expense ratio of SMBS?

SMBS charges 0.03% a year, according to its prospectus filed with the SEC on 22 Dec 2025. On $10,000 that is about $3 a year in fund costs.

Does SMBS pay dividends?

Yes. SMBS paid 1.31 per share over the last 12 months, monthly, a trailing yield of 5.35% on today's price. The latest ex-dividend date was 1 Oct 2026.

What does SMBS hold?

The largest holdings in the latest SEC filing are State Street Institutional US Government Money Market Fund (1.7%), Government National Mortgage Association (0.5%), Freddie Mac (0.4%). The top 10 together make up 4.3% of the fund.

How has SMBS performed?

Total return including distributions to 22 Oct 2026: 1 year −0.7%. Past performance does not guarantee future results.

Where the numbers come from

Prices and distributions end-of-day data from EODHD; returns are our own calculations from it.
Expense ratio and holdings SEC filings (prospectus risk/return data and Form N-PORT).
Category, issuer and leverage assigned by StocksXray rules from the fund name.
X-Ray look-through our scores applied to the SEC holdings.
Read the methodology →

StocksXray is for education only and is not financial advice or a recommendation to buy or sell anything. Past performance does not guarantee future results; funds can lose value.