SMBS - Schwab Strategic Trust - Schwab Mortgage-Backed Securities ETF
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.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $6.40B
- Beta
- 0.07
- 52-Week Range
- 23.8-26.12
- Dividend Yield
- $1.31
- IPO Date
- Nov 19, 2024
- Exchange
- AMEX
SMBS Options Snapshot
Options pricing data for SMBS is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The SMBS overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
SMBS fund facts: expense ratio 0.03%, assets under management $6.08B, NAV $23.96 as of the data source's update on Oct 8, 2026, 4,275 holdings in its latest file, launched Nov 19, 2024, issued by Schwab. See the SMBS holdings.
Frequently asked SMBS overview questions
- What is SMBS?
- SMBS is the ticker symbol for Schwab Strategic Trust - Schwab Mortgage-Backed Securities ETF, an listed exchange-traded fund. 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. Listed on AMEX. SMBS is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are SMBS's key statistics?
- Schwab Strategic Trust - Schwab Mortgage-Backed Securities ETF (SMBS) carries a market capitalization of $6.40B, 52-week range of 23.8-26.12. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does SMBS belong to?
- Schwab Strategic Trust - Schwab Mortgage-Backed Securities ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare SMBS's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the SMBS data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for SMBS, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.