(SMBS) Schwab Mortgage-Backed - NYSE
ETF Category: Government Mortgage-Backed Bond | Exchange: NYSE (USA) | Market Cap: 6.458m USD | Total Return: 6.1% in 12m
Avg Turnover: 14.0M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The Schwab Mortgage-Backed Securities ETF (SMBS) tracks an index of investment-grade mortgage-backed securities (MBS) issued or guaranteed by U.S. government agencies, such as Ginnie Mae, Fannie Mae, and Freddie Mac. The fund maintains a policy of investing at least 90% of its net assets in index constituents, which includes the use of To Be Announced (TBA) transactions to manage liquidity and exposure.
Agency MBS represent pools of mortgage loans where the timely payment of principal and interest is backed by the federal government or government-sponsored enterprises, providing a credit profile often viewed as second only to U.S. Treasuries. This sector is a critical component of the fixed-income market, offering yields that typically exceed Treasuries to compensate for prepayment risk, which occurs when homeowners refinance or pay off loans early.
Investors can further evaluate the underlying risk metrics of this fund by reviewing the detailed data available on ValueRay.
- Federal Reserve interest rate policy shifts impact underlying bond valuations
- Mortgage refinancing activity levels drive prepayment risk and yield performance
- Spreads between agency MBS and Treasury yields influence investor demand
- U.S. housing market health affects supply of new agency-guaranteed securities
As of June 20, 2026, the stock is trading at USD 25.38 with a total of 496,900 shares traded.
Over the past week, the price has changed by -0.08%,
over one month by +1.80%,
over three months by +0.44% and
over the past year by +6.12%.
Schwab Mortgage-Backed has no consensus analysts rating.