Schwab Mortgage-Backed Securities ETF SMBS
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.03%
- Net assets
- $6.4B
- Holdings
- 4,197
- 12-month distribution yield
- 5.38%
- Asset class
- Fixed income
Schwab Mortgage-Backed Securities ETF (SMBS) is an exchange-traded fund listed on NYSE Arca in the United States, issued by Schwab. Its category is Fixed income · US (fixed income). Its last price was US$24.31 on 20 Oct 2026. Its expense ratio is 0.03% a year, from its prospectus dated 22 Dec 2025. It reported net assets of US$6.42 billion as of 31 May 2026. Its latest holdings report lists 4,197 holdings as of 31 May 2026. Over the last 12 months it paid distributions of US$1.31 a unit, a 12-month distribution yield of 5.38%, paid monthly.
Fees
- Total annual operating expenses (gross)
- 0.03%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.03%
- Prospectus date
- 22 Dec 2025
- Filed with the SEC
- 22 Dec 2025
Size and reporting
- Net assets
- $6,421,776,686
- Total assets
- $6,421,939,229
- Holdings as of
- 31 May 2026
- Report made public
- 24 Jul 2026 (54 days after the month end)
Top holdings
Largest 25 of 4,197 positions, as of 31 May 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | State Street Institutional US Government Money Market Fund | US8574927062 | 1.67% | $107.6M | Short-term investment vehicles (cash funds) | United States | USD |
| 2 | Government National Mortgage Association Ginnie Mae II Pool | US3618N5A332 | 0.47% | $30.3M | Mortgage-backed securities | United States | USD |
| 3 | Freddie Mac Freddie Mac Pool | US3132DWMS97 | 0.35% | $22.7M | Mortgage-backed securities | United States | USD |
| 4 | Freddie Mac Freddie Mac Pool | US31427R6E50 | 0.29% | $18.6M | Mortgage-backed securities | United States | USD |
| 5 | Fannie Mae Fannie Mae Pool | US31418DYX47 | 0.28% | $18.0M | Mortgage-backed securities | United States | USD |
| 6 | Freddie Mac Freddie Mac Pool | US3132DWC684 | 0.27% | $17.5M | Mortgage-backed securities | United States | USD |
| 7 | Freddie Mac Freddie Mac Pool | US3132DWAF05 | 0.26% | $16.5M | Mortgage-backed securities | United States | USD |
| 8 | Freddie Mac Freddie Mac Pool | US3142J6DQ38 | 0.25% | $16.1M | Mortgage-backed securities | United States | USD |
| 9 | Freddie Mac Freddie Mac Pool | US3132DWDC47 | 0.25% | $15.8M | Mortgage-backed securities | United States | USD |
| 10 | Government National Mortgage Association Ginnie Mae II Pool | US3618N56H72 | 0.24% | $15.4M | Mortgage-backed securities | United States | USD |
| 11 | Freddie Mac Freddie Mac Pool | US3142J6BK85 | 0.24% | $15.3M | Mortgage-backed securities | United States | USD |
| 12 | Government National Mortgage Association Ginnie Mae II Pool | US3618N53X59 | 0.24% | $15.1M | Mortgage-backed securities | United States | USD |
| 13 | Freddie Mac Freddie Mac Pool | US3132DVL943 | 0.23% | $14.5M | Mortgage-backed securities | United States | USD |
| 14 | Freddie Mac Freddie Mac Pool | US3132DWAN39 | 0.22% | $14.2M | Mortgage-backed securities | United States | USD |
| 15 | Government National Mortgage Association Ginnie Mae II Pool | US3618N5PJ27 | 0.21% | $13.8M | Mortgage-backed securities | United States | USD |
| 16 | Freddie Mac Freddie Mac Pool | US3142JXNY65 | 0.21% | $13.8M | Mortgage-backed securities | United States | USD |
| 17 | Government National Mortgage Association Ginnie Mae II Pool | US3618N5ZK89 | 0.21% | $13.3M | Mortgage-backed securities | United States | USD |
| 18 | Freddie Mac Freddie Mac Pool | US3132DWBB81 | 0.21% | $13.2M | Mortgage-backed securities | United States | USD |
| 19 | Government National Mortgage Association Ginnie Mae II Pool | US36179YHR80 | 0.20% | $12.9M | Mortgage-backed securities | United States | USD |
| 20 | Government National Mortgage Association Ginnie Mae II Pool | US3618N5GN30 | 0.20% | $12.8M | Mortgage-backed securities | United States | USD |
| 21 | Government National Mortgage Association Ginnie Mae II Pool | US36179V4U15 | 0.20% | $12.6M | Mortgage-backed securities | United States | USD |
| 22 | Freddie Mac Freddie Mac Pool | US3142J6DG55 | 0.20% | $12.6M | Mortgage-backed securities | United States | USD |
| 23 | Government National Mortgage Association Ginnie Mae II Pool | US36179YU693 | 0.20% | $12.6M | Mortgage-backed securities | United States | USD |
| 24 | Fannie Mae Fannie Mae Pool | US31418DV668 | 0.19% | $12.4M | Mortgage-backed securities | United States | USD |
| 25 | Government National Mortgage Association Ginnie Mae II Pool | US36179XFG60 | 0.19% | $12.3M | Mortgage-backed securities | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Mortgage-backed securities | 97.98% | |
| Short-term investment vehicles (cash funds) | 1.67% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 99.66% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 99.66% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $1.3090
- 12-month yield
- 5.38%
- Frequency
- Monthly
- Latest ex-date
- 1 Oct 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($1.3090) ÷ latest price ($24.31) × 100 = 5.38%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (22 payments)
| Ex-date | Amount per unit |
|---|---|
| 1 Oct 2026 | $0.1130 |
| 1 Sep 2026 | $0.1050 |
| 3 Aug 2026 | $0.1160 |
| 1 Jul 2026 | $0.1090 |
| 1 Jun 2026 | $0.1100 |
| 1 May 2026 | $0.1090 |
| 1 Apr 2026 | $0.1030 |
| 2 Mar 2026 | $0.1070 |
| 2 Feb 2026 | $0.1130 |
| 19 Dec 2025 | $0.1050 |
| 1 Dec 2025 | $0.1040 |
| 3 Nov 2025 | $0.1150 |
| 1 Oct 2025 | $0.1080 |
| 2 Sep 2025 | $0.1090 |
| 1 Aug 2025 | $0.1170 |
| 1 Jul 2025 | $0.1080 |
| 2 Jun 2025 | $0.1120 |
| 1 May 2025 | $0.0270 |
| 1 Apr 2025 | $0.1020 |
| 3 Mar 2025 | $0.1010 |
| 3 Feb 2025 | $0.1310 |
| 20 Dec 2024 | $0.1250 |
Filings and sources
- Form N-PORT report for May 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000088676) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- SMBS and BND Vanguard Total Bond Market ETF
- SMBS and AGG iShares Core U.S. Aggregate Bond ETF
- SMBS and VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
- SMBS and BSV Vanguard Short-Term Bond ETF