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SMBS ETF · Schwab Mortgage-Backed Securities ETF
The SMBS Exchange Traded Fund (ETF) is provided by Schwab ETFs. It is built to track an index: Bloomberg U.S. MBS Float Adjusted Index. The SMBS ETF provides physical exposure, so by buying it you actually own parts of all the 1,955 underlying holdings. This share class generates a stream of income by distributing dividends.
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This fund is part ofMBS & ABS1M perf.-0.58%
Last price
$25.72
+0.14%
1M perf.
-0.69%
1M flows
+€124M
AuM
€5.42B
E/R
0.03%
Rating
Not rated
ESG Consensus®
SMBS
$25.72
+0.14%
Performance & flows
Segment for quartile rank
December 16, 2025 → March 16, 2026
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SMBS
$25.66
+1.05%
MBS & ABS
+0.98%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.69%  | +1.05%  | +6.65%  | N/A | N/A | -1.17% | +0.82% | +0.82% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
808524615
ISIN
US8085246150
AuM
€5.42B
E/R
0.03%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/16/2026
$25.66
1D NAV change
+0.42%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
1955
Inception date
11/19/2024
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
Bloomberg U.S. MBS Float Adjusted Index
Asset class
Factors
N/A
Investment strategy
The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index composed of investment-grade mortgage-backed securities issued and/or guaranteed by U.S. government agencies
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Built for professionals: access exclusive fund metrics and selection tools in Trackinsight Enterprise.
Enterprise Fund page features include:
Legal documents
Powerful buy-list integration
Fund data exports
Advanced risk metrics
Advanced replication analysis
Advanced exposure look-through
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Custom data feature
Enterprise
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.05% | +6.65% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
100.00%
Sectors
Other sectors
29.00%
Unavailable
70.79%
Other
0.21%
Diversification
Total weight of top 15 holdings out of 1955
Top 15 holdings
Data as of January 31, 2026
US31418DYX47
FR SD8193, 2% 1feb2052, USD (ABS)
FR SD8106, 2% 1nov2050, USD (ABS)
US3132DWDC47
US3618N5A332
FR SD7552, 2.5% 1jan2052, USD (ABS)
US3618N53X59
US3132DWAN39
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FR SD8134, 2% 1mar2051, USD (ABS)
US36179YU693
US36179V4U15
G2 MA9240, 5% 20oct2053, USD (ABS)
US3140XH3R67
US31418EQ948
US36179XFG60
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Enterprise
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Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about SMBS ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
SMBS’s has a Final Sustainability Grade of either A+, A, or A-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
100.00% of holdings have positive scoring
100.00%
Consensus levels
Strong
Medium
Weak
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Enterprise
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Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Bloomberg U.S. MBS Float Adjusted Total Return Index - USD
Index ticker
LMBGTRUU Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Schwab ETFs
Schwab ETFs ID Card
Number of funds
34
Total AuM
€450.08B
Expense ratio range
0.03% - 0.59%
Average expense ratio
0.1232%
Top 5 funds by Schwab ETFs
| AuM | ||
|---|---|---|
SCHD | Schwab U.S. Dividend Equity ETF | €73.03B |
SCHX | Schwab U.S. Large-Cap ETF | €54.59B |
SCHF | Schwab International Equity ETF | €50.44B |
SCHG | Schwab U.S. Large-Cap Growth ETF | €43.36B |
SCHB | Schwab U.S. Broad Market ETF | €32.77B |
Frequently asked questions about SMBS
What does Schwab Mortgage-Backed Securities ETF, SMBS, invest in?
SMBS is a Passive ETF. This ETF provides exposure to US Investment Grade Government Agencies Bonds.
Which benchmark or index does SMBS replicate?
SMBS tracks the Bloomberg U.S. MBS Float Adjusted Total Return Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of SMBS?
SMBS carries a total expense ratio (TER) of 0.03%, indicating the annual cost for holding the fund.
When was SMBS launched?
SMBS was introduced to the market on November 19, 2024. It trades on United States
Who is the ETF issuer of SMBS?
Schwab Mortgage-Backed Securities ETF, SMBS, is provided by Schwab ETFs. Learn more about Schwab ETFs here.
What is the current assets under management (AUM) of SMBS?
SMBS oversees €5.42B in assets as of March 16, 2026.
How has SMBS performed lately?
Based on data from March 16, 2026, SMBS returned -0.69% over the past month, 1.05% over the last three months and 0.82% year-to-date.
What are the latest inflows or outflows for SMBS?
As of March 16, 2026, SMBS recorded net flows of +€124M over the last month and +€312M year-to-date.
Does SMBS distribute dividends?
SMBS follows a distributing dividend policy, meaning it pays out income to investors. As of March 16, 2026, its 12-month trailing yield was 4.78%.
What are the main country or region exposures of SMBS?
As of January 31, 2026, SMBS has significant geographic allocations in USA.
In which sector or theme does SMBS invest in?
As of January 31, 2026, SMBS focuses largely on Other sectors.
How many securities does SMBS hold and how diversified is it?
As of January 31, 2026, SMBS holds 1955 positions in its portfolio, with 5.16% of assets concentrated in its top 15 holdings.
What are the main positions in SMBS?
As of January 31, 2026, SMBS top three holdings include US31418DYX47, FR SD8193, 2% 1feb2052, USD (ABS) and FR SD8106, 2% 1nov2050, USD (ABS).
What is the base currency of SMBS?
The base currency of SMBS is USD.
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