Schwab Municipal Bond ETF
$24.21−0.29 (−1.20%)
- Expense ratio
- 0.03%
- Fund size
- $3.3B
- 1Y return
- −1.2%
- Yield · Last 12 months
- 3.68%
- Holdings
- 7159
- Volume · 30D
- 1.9M sh
- NAV per share
- $24.59
- 52W range
The ETF.net SCMB Grade
Score 84 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 99Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 96Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 77Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 82Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 73Category rank
Our read on SCMB
ASchwab's take on the core muni sleeve: three basis points, thousands of AMT-free bonds from across the country, and a monthly distribution. Bottom-of-the-table pricing, no frills attached.
The fund seeks to track, before fees and expenses, the total return of an index representing the U.S. AMT-free municipal bond market.
Why people hold it
- Three basis points a year, against a 0.30% median for muni bond funds. Among the top-graded names in the category, only Vanguard's VTEB matches that fee.
- Follows the ICE AMT-Free Core U.S. National Municipal Index across thousands of bonds and issuers, so no single borrower or state drives the portfolio.
- Plain passive plumbing done well: it stays close to its index, trades actively, and pays monthly. One of the stronger implementations in the muni aisle.
Worth knowing
- Launched in 2022, so its live record is shorter than muni staples like MUB and VTEB, even though the strategy is the same broad-market idea.
- Bond math still applies. This is a portfolio of municipal bonds, so share prices move opposite to interest rates.
- National in scope, not single-state like NYF, so it is not built around any one state's tax rules.
SCMB Holdings
- Bonds
- 7,159
- 2%
- MASSACHUSETTS ST 5.00% 11/01/2043 (BBG00HYZBGQ1)
Sectors
- Financials100.0%
Geography
- United States100.00%
SCMB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SCMB |
|---|---|
| Year to date | −2.6% |
| 1 month | −2.8% |
| 3 months | −4.1% |
| 1 year | −1.2% |
| 3 years | +2.6% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SCMB |
|---|---|---|
| 2026 YTD | −2.6% | |
| 2025 | +3.8% | |
| 2024 | +0.9% | |
| 2023 | +5.9% | |
| 2022 | +3.0% |
SCMB in the news
ETF.net Research hasn’t filed on SCMB yet — coverage lands here as it’s written.
SCMB Dividends
- 3.68%
- $0.90
- $0.07 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.07 |
| Aug 3, 2026 | Aug 7, 2026 | $0.08 |
| Jul 1, 2026 | Jul 8, 2026 | $0.08 |
| Jun 1, 2026 | Jun 5, 2026 | $0.07 |
| May 1, 2026 | May 7, 2026 | $0.07 |
| Apr 1, 2026 | Apr 8, 2026 | $0.08 |
| Mar 2, 2026 | Mar 6, 2026 | $0.08 |
| Feb 2, 2026 | Feb 6, 2026 | $0.07 |
| Dec 19, 2025 | Dec 26, 2025 | $0.07 |
| Dec 1, 2025 | Dec 5, 2025 | $0.07 |
| Nov 3, 2025 | Nov 7, 2025 | $0.08 |
| Oct 1, 2025 | Oct 7, 2025 | $0.08 |
SCMB Risk
- 5.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.27
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −6.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.96
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SCMB Cost
- The middle half of Other Municipal Bond funds
- Median 0.30%
No Other Municipal Bond fund charges less.