---
ticker: "SMBS"
name: "Schwab Strategic Trust - Schwab Mortgage-Backed Securities ETF"
url: "https://etf.net/etf/SMBS"
grade: "B"
score: 71
graded_at: "2026-10-12"
category: "Mortgage-Backed Securities"
category_rank: "1 of 25"
methodology: "https://etf.net/methodology"
---

# SMBS: Schwab Strategic Trust - Schwab Mortgage-Backed Securities ETF

Grade **B**, Score 71 of 100. Rank 1 of 25 in Mortgage-Backed Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 94 | 1 of 25 |
| Mission | 59 | 2 of 20 |
| Risk | 36 | 15 of 25 |
| Tradability | 78 | 5 of 25 |
| Holdings | 86 | 2 of 25 |
| Durability | 58 | 10 of 25 |

## Top holdings

The fund holds 4283 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | GNMA2 30YR 5.00% 11/20/2054 (BBG01NZQMR80) | 0.45% |
| 2 | GVMXX | Ssc Government Mm Gvmxx | 0.43% |
| 3 | — | Fhlmc 30YR Umbs Super 5.50% 10/01/2054 (BBG01NYFN109) | 0.34% |
| 4 | — | Fhlmc 30YR Umbs Super 2.50% 01/01/2054 (BBG020YCJVV0) | 0.32% |
| 5 | — | Fhlmc 30YR Umbs Super 2.00% 02/01/2052 (BBG013B19FS4) | 0.29% |
| 6 | — | Fnma 30YR Umbs 2.00% 05/01/2051 (BBG00ZHCZ133) | 0.27% |
| 7 | — | Fnma 30YR Umbs 5.50% 04/01/2053 (BBG01F33L1J9) | 0.26% |
| 8 | — | GNMA2 30YR 5.00% 05/20/2056 (BBG01ZVZ4RL2) | 0.26% |
| 9 | — | Fhlmc 30YR Umbs Super 2.00% 11/01/2050 (BBG00WGK3T46) | 0.25% |
| 10 | — | GNMA2 30YR 5.00% 01/20/2056 (BBG01XK7V325) | 0.24% |
| 11 | — | Fhlmc 30YR Umbs 5.00% 04/01/2056 (BBG01ZQXS4M7) | 0.24% |
| 12 | — | Fhlmc 30YR Umbs 5.00% 03/01/2056 (BBG01YX6GQM5) | 0.24% |
| 13 | — | Umbs 30YR Tba(Reg A) 5.50% 11/12/2026 | 0.24% |
| 14 | — | GNMA2 30YR 5.00% 07/20/2056 (BBG0218B7LX2) | 0.23% |
| 15 | — | GNMA2 30YR 5.00% 12/20/2055 (BBG01WXTXHP7) | 0.23% |
| 16 | — | Fhlmc 30YR Umbs Super 2.50% 01/01/2052 (BBG016008MY0) | 0.21% |
| 17 | — | GNMA2 30YR 5.50% 06/20/2055 (BBG01SJ8MLF2) | 0.20% |
| 18 | — | GNMA2 30YR 5.00% 04/20/2056 (BBG01Z997ZP0) | 0.20% |
| 19 | — | GNMA2 30YR 5.00% 11/20/2055 (BBG01WCVFMG4) | 0.20% |
| 20 | — | Fhlmc 30YR Umbs 5.00% 03/01/2056 (BBG021983ZP0) | 0.20% |
| 21 | — | Fhlmc 30YR Umbs Super 2.00% 03/01/2051 (BBG00YDFS7Y4) | 0.20% |
| 22 | — | Fhlmc 30YR Umbs Super 2.00% 02/01/2051 (BBG00Y2HT9V0) | 0.20% |
| 23 | — | GNMA2 30YR 5.00% 10/20/2053 (BBG01H70ZSP6) | 0.19% |
| 24 | — | Fhlmc 30YR Umbs 6.00% 08/01/2055 (BBG01VH3BJN6) | 0.19% |
| 25 | — | GNMA2 30YR 2.00% 01/20/2051 (BBG00XM8VJ81) | 0.19% |
| 26 | — | Fnma 30YR Umbs 1.50% 01/01/2051 (BBG00Y2N8VB3) | 0.19% |
| 27 | — | Fnma 30YR Umbs Super 5.50% 03/01/2056 (BBG02149FF01) | 0.19% |
| 28 | — | GNMA2 30YR 5.50% 04/20/2054 (BBG01KRRJJN8) | 0.18% |
| 29 | — | GNMA2 30YR 5.00% 12/20/2054 (BBG01PH23K11) | 0.18% |
| 30 | — | GNMA2 30YR 4.00% 09/20/2052 (BBG017RS0430) | 0.18% |

Source: etf.net, https://etf.net/etf/SMBS. Please cite the page URL.