Key stats
About Schwab Strategic Trust Schwab Municipal Bond ETF
Home page
Inception date
Oct 12, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Charles Schwab Investment Management, Inc.
Distributor
SEI Investments Distribution Co.
SCMB is a passively managed fund of fixed income securities issued by US states and territories, primarily those that are exempt from federal taxes and not subject to alternative minimum tax. These securities must be USD-denominated, rated investment grade, have at least a one day remaining term to final maturity, and a fixed coupon schedule. The underlying index excludes step coupon securities, taxable municipal securities, floating rate notes and variable rate demand obligations or notes and private placements. A small portion of the fund may be invested in securities not included in the index. The index follows a market-value weighting scheme and updates underlying securities on the last business day of each month.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal100.00%
Cash0.00%
Top 10 holdings
Symbol
Assets
Symbol
Assets
C
California St Pub Wks Brd Lease Rev 5.0% 01-APR-2049
0.79%
M
Maryland St 5.0% 01-JUN-2035
0.62%
A
Alexandria Va 5.0% 15-DEC-2037
0.61%
N
New York St Environmental Facs Corp St Clean Wtr& Drinking Wtr Rev 5.0% 15-JUN-2046
0.60%
O
Ohio St Wtr Dev Auth Rev 5.0% 01-DEC-2033
0.58%
O
Oregon St Dept Transn Hwy User Tax Rev 5.0% 15-NOV-2033
0.57%
N
New York N Y City Transitional Fin Auth Rev 5.0% 01-NOV-2037
0.57%
M
Maryland St 5.0% 15-MAR-2033
0.57%
G
Gwinnett Cnty Ga Sch Dist 5.0% 01-FEB-2032
0.57%
N
New York N Y 5.0% 01-FEB-2034
0.57%
Top 10 weight6.05%
5087 total holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SCMB last dividends amounted to 0.08 USD. The month before, the issuer paid 0.04 USD in dividends, which shows a 55.34% increase.
SCMB assets under management is 1.97 B USD. It's risen 3.28% over the last month.
SCMB fund flows account for 1.66 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, SCMB pays dividends to its holders with the dividend yield of 5.78%. The last dividend (Jun 6, 2025) amounted to 0.08 USD. The dividends are paid monthly.
SCMB shares are issued by The Charles Schwab Corp. under the brand Schwab. The ETF was launched on Oct 12, 2022, and its management style is Passive.
SCMB expense ratio is 0.03% meaning you'd have to pay 0.03% of your investment to help manage the fund.
SCMB follows the ICE AMT-Free Core U.S. National Municipal Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SCMB invests in bonds.
SCMB price has fallen by −0.36% over the last month, and its yearly performance shows a −2.54% decrease. See more dynamics on SCMB price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.19% over the last month, showed a −2.00% decrease in three-month performance and has increased by 1.21% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.19% over the last month, showed a −2.00% decrease in three-month performance and has increased by 1.21% in a year.
SCMB trades at a premium (0.04%) meaning the ETF is trading at a higher price than the calculated NAV.