Schwab Mortgage-Backed Securities ETF (SMBS)

Schwab Mortgage-Backed Securities ETF (SMBS) is an exchange-traded fund in the Government Mortgage Backed Bond category. It has $6.50B in assets, an expense ratio of 0.03% and a 5.14% dividend yield. The index is composed of investment-grade mortgage-backed securities issued and/or guaranteed by U.S. government agencies. It is the fund’s policy that under normal circumstances it will invest at least 90% of its net assets (including, for this purpose, any borrowings for investment purposes) in securities included in the index, including TBA transactions.