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Launched · SEC filings

Sterling Capital National Municipal Bond ETF

SCNMCboeSterling CapitalC

$24.36−0.13 (−0.51%)

As of Nov 10, 2026, 11:24 AM ET

C52/ 100

Rank 45 of 63 in Other Municipal Bond

C52/100Rank 45 of 63inOther Municipal Bond
Intraday session: down, 21 prints from 24.49 to 24.36. Range 24.34 to 24.49. Use the arrow keys to read each point.24.4024.4324.4510 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$244M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
99
Avg volume · 30D
28.9K sh
52W range
low $23.29high $25.50
Launched
Filings
SEC EDGAR

The ETF.net SCNM Grade

C

Score 52 out of 100

Category
Other Municipal Bond⁠
Rank
45 of 63
Six-pillar profile for SCNM. Scores out of 100: Cost 35, Risk 59, Mission 92, Tradability 20, Holdings 53, Durability 41. Strongest: Mission (92). Weakest: Tradability (20). Leans toward Mission.

Score 52 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.
    D35 out of 100
    Rank 37 of 63

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 26 of 59

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B59 out of 100
    Rank 14 of 63

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F20 out of 100
    Rank 58 of 63

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C53 out of 100
    Rank 38 of 63

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 46 of 63

Our read on SCNM

ETF.net Research

In short

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

  • The mandate is plain: current income exempt from regular federal income taxes, with preserving capital as the stated second goal.
  • National 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.
  • Benchmarked 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

  • At 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.
  • It 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.
  • The exemption it targets is from regular federal income taxes. State and local tax treatment is a separate question for the holder.

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$10,044
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,124
Dec 31, 2025 to Nov 9, 2026. SCNM $10,044. SPY $11,124. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Nov 2026

Dec 31, 2025 – Nov 9, 2026

Returns run to the Nov 9, 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+0.4%
1 month+4.5%
3 months−0.5%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+0.4%
20250.0%

Since listing, Dec 11, 2025

SCNM in the news

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. 11 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; Nov 2, 2026 $0.08. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 4, 2026$0.08
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

Risk pillarB59 out of 100Rank 14 of 63 in Other Municipal Bond
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.
0.13
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.

FMP measures it over up to five years of monthly returns.

SCNM Cost

Compare SCNM and VTEB

Overpaying vs VTEB, tied cheapest in Other Municipal Bond

$6,488

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SCNM 0.35%

    $7,126

  • VTEB 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • SCNM 0.35%
  • VTEB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530SCNM $7,126VTEB $638

Year by year

YearSCNMVTEBOverpaying
10$634$55$579
20$2,454$216$2,238
30$7,126$638$6,488

Other funds in Other Municipal Bond

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