SCMBSchwab Municipal Bond ETF
Tracks the total return of the U.S. AMT-free municipal bond market index.
By Schwab ETFs · Launched 2022
Annual Cost
0.03%
#41 of 6,040 · low cost
Fund Size
$4.2B
#505 of 6,040 · large
Return (1Y)
-0.9%
Track Record
3 years
#2,761 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$9,903-1.0%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
ICE AMT-Free Core US National Municipal Index
Holdings
By weightConcentration
Top 10 holdings = 2.3% of funddiversified
City of New York NY
0.3%
Commonwealth of Massachusetts
0.2%
Gwinnett County School District
0.2%
City of New York NY
0.2%
Commonwealth of Pennsylvania
0.2%
Metropolitan Government of Nashville & Davidson County TN
0.2%
City of New York NY
0.2%
New York City Transitional Finance Authority Future Tax Secured Revenue
0.2%
State of California Department of Water Resources
0.2%
State of Oregon Department of Transportation
0.2%
Asset allocation
Bonds
99.1%
Cash
0.9%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.1%Low
Year-on-year price swings
Max drawdown
-52.3%Severe
Worst peak-to-trough loss
Sharpe (3Y)
-0.62Below average
Sortino (3Y)
-0.63Moderate downside risk
Bond profile
Duration
4.8 years
Avg maturity
10.2 years
Credit ratings
AAA
18.1%
AA
65.2%
A
15.2%
BBB
1.1%
Other
0.4%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Tracks the total return of the U.S. AMT-free municipal bond market index.
- Strategy
- Invests primarily in U.S. dollar denominated investment grade tax-exempt debt to track the total return of the ICE AMT-Free Core U.S. National Municipal Index. The fund may use sampling techniques and invest in derivatives to manage interest rate exposure.
- Inception date
- October 11, 2022
- Fund family
- Schwab ETFs
Similar funds
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Data updated on 2026-09-18