Schwab Mortgage-Backed Securities ETF
Summary
Objective
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
Highlights
- A straightforward, low-cost fund offering potential tax-efficiency
- The Fund can serve as part of the core of a diversified portfolio
- Simple access to investment-grade mortgage-backed securities issued and/or guaranteed by U.S. government agencies
- Provides income from agency mortgage-backed securities
Fund Details
Quote Details
- Today's Opening Value--
- Today's Volume (shares)
- Previous Close Value--
- Median Bid/Ask Spread0.12%11/20/2024 - 12/20/2024
- Bid/Ask Midpoint$24.96As of 12/20/2024
- Premium/Discount0.19%As of 12/20/2024
Fund Profile
| Fund Inception | 11/19/2024 | |
|---|---|---|
| Total Net Assets As of 12/20/2024
|
12/20/2024 | $49,764,346.22 |
| Total Expense Ratio | 0.030% | |
| Index Name | Bloomberg US MBS Float Adjusted Total Return Index | |
| Shares Outstanding As of 12/20/2024
|
12/20/2024 | 2,000,000 |
| NAV As of 12/20/2024
|
12/20/2024 | $24.88 |
| Total Holdings As of 12/23/2024
|
12/23/2024 | 245 |
| Portfolio Turnover Rate | -- | |
| Morningstar Category | Intermediate Government | |
| Management Style | Passive | |
| CUSIP | 808524615 | |
| Exchange | NYSE Arca, Inc. |
Yields
| SEC Yield (30 Day) As of 12/19/2024
|
12/19/2024 | 4.33% |
|---|---|---|
| Distribution Yield (TTM) | -- | |
| Average Yield to Maturity | -- |
Fund Characteristics
| Weighted Average Maturity | -- | |
|---|---|---|
| Weighted Average Coupon As of 11/30/2024
|
11/30/2024 | 3.61% |
| Effective Duration | -- | |
| Standard Deviation (3 Yr) | -- |
Performance
Total Return
Monthly
-
SMBS Market Price
Cumulative Returns (%)
- 1 Month
- --
- 3 Month
- --
- YTD
- --
Annualized Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- +1.72
-
SMBS NAV
Cumulative Returns (%)
- 1 Month
- --
- 3 Month
- --
- YTD
- --
Annualized Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- +1.52
-
Intermediate Government (Morningstar Category)
Cumulative Returns (%)
- 1 Month
- +1.02
- 3 Month
- -0.47
- YTD
- +2.54
Annualized Returns (%)
- 1 Year
- +6.15
- 3 Year
- -1.90
- 5 Year
- -0.40
- 10 Year
- +0.76
-
Bloomberg US MBS Float Adjusted Index (Index)
Cumulative Returns (%)
- 1 Month
- -0.37
- 3 Month
- +9.06
- YTD
- -0.37
Annualized Returns (%)
- 1 Year
- +1.45
- 3 Year
- -2.84
- 5 Year
- +0.08
- 10 Year
- +1.17
| Description | Cumulative Returns (%) | Annualized Returns (%) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SMBS Market Price | -- | -- | -- | -- | -- | -- | -- | +1.72 | |
| SMBS NAV | -- | -- | -- | -- | -- | -- | -- | +1.52 | |
| Intermediate Government (Morningstar Category) | +1.02 | -0.47 | +2.54 | +6.15 | -1.90 | -0.40 | +0.76 | ||
| Bloomberg US MBS Float Adjusted Index (Index) | -0.37 | +9.06 | -0.37 | +1.45 | -2.84 | +0.08 | +1.17 | ||
Annualized returns for periods 1 yr+/cumulative returns for periods less than 1 yr.
Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Quarterly
-
SMBS Market Price
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
SMBS NAV
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
Intermediate Government (Morningstar Category)
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
-
Bloomberg US MBS Float Adjusted Index (Index)
Average Annual Returns (%)
- 1 Year
- +1.62
- 3 Year
- -2.64
- 5 Year
- -0.28
- 10 Year
- +1.11
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SMBS Market Price | -- | -- | -- | -- | -- | |
| SMBS NAV | -- | -- | -- | -- | -- | |
| Intermediate Government (Morningstar Category) | -- | -- | -- | -- | ||
| Bloomberg US MBS Float Adjusted Index (Index) | +1.62 | -2.64 | -0.28 | +1.11 | ||
Annualized returns for periods 1 yr+/cumulative returns for periods less than 1 yr.
Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal value will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
After Tax Returns
Pre-Liquidation
NAV Return
-
SEC Pre-Liquidation
Average Annual Returns (%)
-
SEC Post-Liquidation
Average Annual Returns (%)
-
Tax Cost Ratio
Average Annual Returns (%)
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | ||||||
| SEC Post-Liquidation | ||||||
| Tax Cost Ratio | ||||||
After tax returns are based on highest Federal income tax bracket and depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. State and local taxes are not included. Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. Tax Cost Ratio represents the percentage-point reduction in returns that results from Federal income taxes (before shares in the fund are sold, and assuming the highest Federal tax bracket).
Intermediate Government NAV Returns (Morningstar Category)
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- +8.44
- 3 Year
- -2.54
- 5 Year
- -1.05
- 10 Year
- +0.09
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- +5.93
- 3 Year
- -1.56
- 5 Year
- -0.46
- 10 Year
- +0.39
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- +1.38
- 3 Year
- +0.97
- 5 Year
- +0.88
- 10 Year
- +0.91
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | +8.44 | -2.54 | -1.05 | +0.09 | ||
| SEC Post-Liquidation | +5.93 | -1.56 | -0.46 | +0.39 | ||
| Tax Cost Ratio | +1.38 | +0.97 | +0.88 | +0.91 | ||
Post-Liquidation
NAV Return
-
SEC Pre-Liquidation
Average Annual Returns (%)
-
SEC Post-Liquidation
Average Annual Returns (%)
-
Tax Cost Ratio
Average Annual Returns (%)
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | ||||||
| SEC Post-Liquidation | ||||||
| Tax Cost Ratio | ||||||
After tax returns are based on highest Federal income tax bracket and depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. State and local taxes are not included. Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. Tax Cost Ratio represents the percentage-point reduction in returns that results from Federal income taxes (before shares in the fund are sold, and assuming the highest Federal tax bracket).
Intermediate Government NAV Returns (Morningstar Category)
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- +8.44
- 3 Year
- -2.54
- 5 Year
- -1.05
- 10 Year
- +0.09
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- +5.93
- 3 Year
- -1.56
- 5 Year
- -0.46
- 10 Year
- +0.39
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- +1.38
- 3 Year
- +0.97
- 5 Year
- +0.88
- 10 Year
- +0.91
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | +8.44 | -2.54 | -1.05 | +0.09 | ||
| SEC Post-Liquidation | +5.93 | -1.56 | -0.46 | +0.39 | ||
| Tax Cost Ratio | +1.38 | +0.97 | +0.88 | +0.91 | ||
Price Performance
Premium/Discount
-
Days traded at Premium
- ITD
- --
- 2024 Q1
- --
- 2024 Q2
- --
- 2024 Q3
- --
-
Days traded at Discount
- ITD
- --
- 2024 Q1
- --
- 2024 Q2
- --
- 2024 Q3
- --
| ITD | 2024 Q1 | 2024 Q2 | 2024 Q3 | ||
|---|---|---|---|---|---|
| Days traded at Premium | -- | -- | -- | -- | |
| Days traded at Discount | -- | -- | -- | -- |
Portfolio
Top Holdings
-
FNMA4355
- Name
- FNMA 30YR UMBS
- Percent of Assets (%)
- 3.36%
- Market Value
- $1.7M
-
FRSD4957
- Name
- FHLMC 30YR UMBS SUPER
- Percent of Assets (%)
- 2.75%
- Market Value
- $1.4M
-
G2MA7534
- Name
- GNMA2 30YR
- Percent of Assets (%)
- 1.84%
- Market Value
- $916.1K
-
FRSD8147
- Name
- FHLMC 30YR UMBS SUPER
- Percent of Assets (%)
- 1.67%
- Market Value
- $829.5K
-
G2MA7311
- Name
- GNMA2 30YR
- Percent of Assets (%)
- 1.65%
- Market Value
- $821.5K
-
G2MA9724
- Name
- GNMA2 30YR
- Percent of Assets (%)
- 1.65%
- Market Value
- $821.3K
-
FNMA5389
- Name
- FNMA 30YR UMBS
- Percent of Assets (%)
- 1.44%
- Market Value
- $716.2K
-
FRSD8342
- Name
- FHLMC 30YR UMBS SUPER
- Percent of Assets (%)
- 1.36%
- Market Value
- $674.6K
-
FRSD8453
- Name
- FHLMC 30YR UMBS SUPER
- Percent of Assets (%)
- 1.28%
- Market Value
- $639.1K
-
G2MA9106
- Name
- GNMA2 30YR
- Percent of Assets (%)
- 1.21%
- Market Value
- $602.0K
| Symbol | Name | Percent of Assets (%) | Market Value | ||
|---|---|---|---|---|---|
| FNMA4355 | FNMA 30YR UMBS | 3.36%
|
$1.7M | ||
| FRSD4957 | FHLMC 30YR UMBS SUPER | 2.75%
|
$1.4M | ||
| G2MA7534 | GNMA2 30YR | 1.84%
|
$916.1K | ||
| FRSD8147 | FHLMC 30YR UMBS SUPER | 1.67%
|
$829.5K | ||
| G2MA7311 | GNMA2 30YR | 1.65%
|
$821.5K | ||
| G2MA9724 | GNMA2 30YR | 1.65%
|
$821.3K | ||
| FNMA5389 | FNMA 30YR UMBS | 1.44%
|
$716.2K | ||
| FRSD8342 | FHLMC 30YR UMBS SUPER | 1.36%
|
$674.6K | ||
| FRSD8453 | FHLMC 30YR UMBS SUPER | 1.28%
|
$639.1K | ||
| G2MA9106 | GNMA2 30YR | 1.21%
|
$602.0K |
Security Types
| Security Types | Percent of Portfolio (%) | |
|---|---|---|
| Mortgage-Backed Securities | 98.48%
|
|
| Other Investment Companies | 1.52%
|
Credit Ratings
| Credit Ratings | Bonds (%) | |
|---|---|---|
| AA | 98.48%
|
|
| AAA | 1.52%
|
Bloomberg Index Rating: Based on the middle rating of Moody’s, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, other sources may be used to classify securities by credit quality. Source: Bloomberg Index Service Ltd.
Asset Allocation
| Asset Class | Percent of Portfolio (%) | |
|---|---|---|
| Bonds | 99.88%
|
|
| Cash Investments | 0.12%
|
The percentage of assets as shown may not equal 100% due to unsettled trades.
Maturity Breakdown
| Maturity | Bonds (%) | |
|---|---|---|
| 7 to 10 Years | 59.27%
|
|
| 3 to 5 Years | 18.05%
|
|
| 5 to 7 Years | 16.48%
|
|
| 1 to 3 Years | 3.04%
|
|
| 10 to 20 Years | 1.64%
|
|
| Less than 1 Year | 1.52%
|
Distributions
Distributions
-
Ex-Date: 12/20/2024
- Record Date
- 12/20/2024
- Payable Date
- 12/27/2024
- Income
- 0.1247
- Short Term Capital Gain
- 0.0000
- Long Term Capital Gain
- 0.0000
- Return of Capital
- --
- Total Distribution
- 0.124700000
| Ex-Date | Record Date | Payable Date | Income | Short Term Capital Gain | Long Term Capital Gain | Return of Capital | Total Distribution | ||
|---|---|---|---|---|---|---|---|---|---|
| 12/20/2024 | 12/20/2024 | 12/27/2024 | 0.1247 | 0.0000 | 0.0000 | -- | 0.124700000 |