Key stats
About Schwab Strategic Trust Schwab Mortgage-Backed Securities ETF
Expense ratio
0.03%
Home page
Inception date
Nov 19, 2024
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.
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized99.13%
Cash0.87%
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