(SCMB) Schwab Municipal Bond - NYSE
ETF Category: Muni National Interm | Exchange: NYSE (USA) | Market Cap: 3.872m USD | Total Return: 6.5% in 12m
Avg Turnover: 27.7M
Warnings
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Tailwinds
No distinct edge detected
The Schwab Municipal Bond ETF (SCMB) tracks an index of investment-grade, tax-exempt debt issued by U.S. states, territories, and local subdivisions. The fund primarily targets the intermediate-term municipal bond market, providing investors with exposure to debt used to fund public infrastructure projects like schools, highways, and water systems.
Municipal bonds are generally considered lower risk than corporate debt, as they are backed by the taxing power of the issuing government or specific project revenues. A key feature of this asset class is the federal tax exemption on interest income, which often makes these securities attractive to investors in higher tax brackets.
The fund maintains flexibility by investing up to 20% of its assets in securities outside its underlying index while focusing on U.S. dollar-denominated obligations. For a deeper look at how these holdings impact portfolio performance, you may want to explore the data on ValueRay. Since its inception in late 2022, SCMB has operated within the mid-cap valuation range for the municipal national intermediate category.
- Fed interest rate policy shifts drive municipal bond valuations
- Demand for tax-exempt income fluctuates with top marginal tax rates
- Credit quality of state and local government issuers impacts spreads
- Inflows to low-cost municipal ETFs increase as expense ratios compress
As of June 20, 2026, the stock is trading at USD 25.76 with a total of 882,400 shares traded.
Over the past week, the price has changed by +0.39%,
over one month by +1.83%,
over three months by +1.27% and
over the past year by +6.51%.
Schwab Municipal Bond has no consensus analysts rating.