Schwab Municipal Bond ETF
SCMB
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- United States of America
- IPO Date
- Oct 12, 2022
- Similar Companies
- Business
- Schwab Municipal Bond ETF (SCMB) is an exchange-traded fund that seeks to track the total return of the ICE AMT-Free Core U.S. National Municipal Index, providing investors with exposure to the U.S. investment-grade, tax-exempt municipal bond market; the fund invests exclusively in investment-grade rated securities, including revenue bonds (64.26% of portfolio), general obligation bonds (33.26%), pre-refunded bonds (1.31%), and other municipal securities; it offers income exempt from federal taxes and not subject to the alternative minimum tax (AMT), with a low expense ratio of 0.030%, weighted average maturity of 7.72 years, effective duration of 6.7 years, and holdings diversified across approximately 5,502 securities primarily from issuers in states such as New York, Illinois, Georgia, Massachusetts, California, Tennessee, and Los Angeles. Launched in October 2022 and sponsored by Schwab Asset Management, a division of The Charles Schwab Corporation headquartered in Westlake, Texas, SCMB operates in the municipal bond segment of the fixed-income market, targeting individual and institutional investors seeking tax-efficient income, portfolio diversification, and risk management within intermediate-term national municipal strategies. In a significant operational change, the ETF underwent a 2-for-1 share split effective October 10, 2024, applicable to shareholders of record as of October 9, 2024, with trading on a split-adjusted basis commencing October 11, 2024; this forward split increased shares outstanding while reducing net asset value per share without altering total shareholder value; as of December 2025, total net assets stand at approximately $2.64 billion, reflecting steady growth since inception.