Welcome to our dedicated page for Schwab Mortgage-Backed Securities ETF news (Ticker: SMBS), a resource for investors and traders seeking the latest updates and insights on Schwab Mortgage-Backed Securities ETF stock.
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Schwab Asset Management launched the Schwab Mortgage-Backed Securities ETF (SMBS) with an industry-leading low expense ratio of 0.03%. The ETF tracks the Bloomberg US MBS Float Adjusted Total Return Index and invests in investment-grade mortgage-backed securities guaranteed by Ginnie Mae, Fannie Mae, and Freddie Mac. The launch marks Schwab Asset Management's 15th anniversary in the ETF space, where it has grown to become the fifth-largest ETF provider.
Schwab Asset Management announced the launch of the Schwab Mortgage-Backed Securities ETF (NYSE Arca: SMBS), expected to begin trading around November 19. With a competitive 0.03% expense ratio, the ETF will provide access to investment-grade mortgage-backed securities guaranteed by U.S. government agencies. The fund aims to track the Bloomberg US MBS Float Adjusted Total Return Index and invests in securities backed by Ginnie Mae, Fannie Mae, and Freddie Mac. This launch marks Schwab Asset Management's position as the fifth-largest ETF provider, celebrating 15 years in the ETF space.
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