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Launched · SEC filings

Sterling Capital National Municipal Bond ETF

SCNMCboeC

$23.70+0.15 (+0.64%)

As of Oct 13, 2026, 3:59 PM

C50/ 100

Rank 50 of 63 in Other Municipal Bond

C50/100Rank 50 of 63inOther Municipal Bond
Intraday session: up, 19 prints from 23.55 to 23.70. Range 23.55 to 23.70. Use the arrow keys to read each point.23.5723.6023.6323.6523.6810 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$233M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
97
Avg volume · 30D
0M sh
NAV per share
$23.41
52W range
low $23.29high $25.50
Launched
Filings
SEC EDGAR

The ETF.net SCNM Grade

C

Score 50 out of 100

Category
Other Municipal Bond⁠
Rank
50 of 63
Six-pillar profile for SCNM. Scores out of 100: Cost 41, Risk 43, Mission 89, Tradability 23, Holdings 44, Durability 39. Strongest: Mission (89). Weakest: Tradability (23). Leans toward Mission.

Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C41 out of 100
    Rank 33 of 63

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A89 out of 100
    Rank 30 of 59

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 42 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 55 of 63

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C44 out of 100
    Rank 45 of 63

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D39 out of 100
    Rank 49 of 63

Our read on SCNM

ETF.net Research

CA boutique shop's take on national munis: income exempt from regular federal income taxes with capital preservation as the second job, measured against the Bloomberg U.S. Municipal Index. It opened in December 2025.

Stated mandate

The Fund seeks current income exempt from regular federal income taxes while preserving capital.

Why people hold it

  1. 01The mandate is plain: current income exempt from regular federal income taxes, with preserving capital as the stated second goal.
  2. 02National scope rather than single-state, so the portfolio isn't tied to one state's tax base the way a New York-only fund like NYF is.
  3. 03Benchmarked to the Bloomberg U.S. Municipal Index, the standard yardstick for the broad tax-exempt market, inside a plain 1940 Act ETF wrapper.

Worth knowing

  1. 01At 0.35% it prices above the muni category median of 0.30%, and far above index heavyweights VTEB and SCMB at 0.03%. In tax-exempt bonds, fees bite a modest yield.
  2. 02It launched in December 2025, so there's little track record to judge, and early trading has been light compared with the category's household names.
  3. 03The exemption it targets is from regular federal income taxes. State and local tax treatment is a separate question for the holder.

SCNM Holdings

As of Oct 12, 2026
Asset class
Bonds
Holdings
97
Top-10 weight
23%
Largest holding
Federated Hermes Mm Treas7.2%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Federated Hermes Mm Treas7.24%16,862,252$17M6
002—Nmspwr 5 06/1/20542.08%4,750,000$5M6
003—Nyc 5.5 08/1/20442.00%4,500,000$5M3
004—Maiutl 5 05/1/20551.99%4,600,000$5M6
005—Bbeutl 5 07/1/20331.73%4,000,000$4M7
006—Mas 5 08/1/20501.67%4,000,000$4M1
007—Esdpwr 5.25 07/1/20541.64%3,750,000$4M7
008—Stnpwr 5 04/1/20551.63%3,755,000$4M4
009—Mpnfac 5 12/15/20351.62%3,700,000$4M1
010—Ccedev 5 02/1/20551.52%3,500,000$4M7
011—Chadev 5 09/1/20521.50%3,500,000$4M9
012—Masdev 5 07/1/20361.50%3,500,000$3M3
013—Nyttrn 5 10/1/20351.50%3,500,000$3M4
014—Gashsg 4.7 12/1/20551.45%3,810,000$3M2
015—Scsmed 5.25 11/1/20541.45%3,500,000$3M4

Showing 1–15 of 97 holdings

SCNM Performance

Launched Dec 11, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
SCNM$9,630
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,500
Dec 31, 2025 to Oct 12, 2026. SCNM $9,630. SPY $11,500. Use the arrow keys to read each point.$9,149$10,419$11,689Dec 2025May 2026Oct 2026

Dec 31, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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.

Trailing total return for SCNM. Periods over one year show the average yearly return.
PeriodSCNM
Year to date−3.7%
1 month−2.5%
3 months−5.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SCNM
YearReturn barSCNM
2026 YTD−3.7%
20250.0%

Since listing, Dec 11, 2025

SCNM in the news

Filtered to SCNM · Other Municipal Bond

SCNM Dividends

Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 10 payments from 2025 to 2026 YTD. Dec 30, 2025 $0.06; Feb 2, 2026 $0.04; Mar 2, 2026 $0.07; Apr 1, 2026 $0.07; May 1, 2026 $0.07; Jun 1, 2026 $0.07; Jul 1, 2026 $0.07; Aug 3, 2026 $0.08; Sep 1, 2026 $0.07; Oct 1, 2026 $0.08. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 5, 2026$0.08
Sep 1, 2026Sep 3, 2026$0.07
Aug 3, 2026Aug 5, 2026$0.08
Jul 1, 2026Jul 6, 2026$0.07
Jun 1, 2026Jun 3, 2026$0.07
May 1, 2026May 5, 2026$0.07
Apr 1, 2026Apr 6, 2026$0.07
Mar 2, 2026Mar 4, 2026$0.07
Feb 2, 2026Feb 4, 2026$0.04
Dec 30, 2025Jan 2, 2026$0.06

SCNM Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Dec 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Dec 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
—
Launched Dec 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
0.14
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

SCNM Cost

Expense ratio0.35%
  • The middle half of Other Municipal Bond funds
  • Median 0.30%

32 of the 63 Other Municipal Bond funds charge less.

SCNM costs $35.00 a year on $10,000. The median Other Municipal Bond fund costs $30.00.

Other funds in Other Municipal Bond

See others