Explore professionally built ETF model portfolios. Discover now →
Schwab Municipal Bond ETF
SCMB performance and flow charts
Performance
Flows
Historic performance and flows
Data as of August 28, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -0.44% | -0.86% | +0.05% | +3.99% | +9.91% | |
| Flows | +$283M | +$421M | +$1.52B | +$1.98B | +$4.06B | - |
Characteristics
The Schwab Municipal Bond ETF is built to track the ICE AMT-Free Core U.S. National Municipal Index - USD. This ETF provides physical exposure - by owning its shares you earn the return of the securities composing the index (as the ETF holds them directly). This share class generates a stream of income by distributing dividends.
| Management strategy | Passive |
| Strategy | Long Only |
| Provider | Schwab ETFs |
| N° of holdings | 541 |
| Replication method | Direct (Physical) |
| Asset class | Fixed Income |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | October 12, 2022 |
| ESG | No |
More data and info about SCMB on Trackinsight
Exposure
Data as of July 31, 2026Diversification
Total weight of top 15 holdings out of 541
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Similar ETFs
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +2.60% | +2.51% | +3.72% | |
Max drawdown | -2.07% | -2.72% | -5.45% | |
Max drawdown duration | 54d | 122d | 275d | N/A |
Time to recover | N/A | 97d | 154d | N/A |
Replication quality
Data as of August 31, 2026Create an account to view replication metrics
1 year cumulative return difference | |
|---|---|
| Best | Join for free |
| Worst | Join for free |
| daily return difference | |
|---|---|
| Average | Join for free |
| Worst | Join for free |
What type of ETF is SCMB?
SCMB is a Passive ETF that provides exposure to Fixed Income assets. It is managed by Schwab ETFs.
What index does SCMB track?
SCMB tracks the ICE AMT-Free Core U.S. National Municipal Index - USD, aiming to replicate its performance through optimized sampling.
What does SCMB invest in?
This ETF provides exposure to US Investment Grade Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of SCMB?
The total expense ratio (TER) of SCMB is 0.03%, representing the annual fee charged by the fund manager.
When was SCMB launched?
SCMB was launched on October 12, 2022, marking its entry into the ETF market.
Who is the issuer of SCMB?
SCMB is issued by Schwab ETFs.
What is the AUM of SCMB?
As of August 28, 2026, SCMB manages $4.19 B, reflecting the total assets held in the fund.
How has SCMB performed recently?
As of August 28, 2026, SCMB delivered a return of -0.44% over the past month (1M performance), -0.86% over the past three months (3M), and 0.05% year-to-date (YTD).
What are the recent fund flows for SCMB?
As of August 28, 2026, SCMB has seen net flows of +$283M in the past month (1M flow) and +$1.52B year-to-date (YTD).
Does SCMB pay dividends?
As of August 28, 2026, SCMB has a trailing 12-month distribution yield of 3.6%.
How many holdings are in SCMB
As of July 31, 2026, SCMB holds 541 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is SCMB?
As of July 31, 2026, SCMB holds 541 securities, with 8.71% of its assets concentrated in its top 15 holdings.
What are the top holdings of SCMB?
As of July 31, 2026, SCMB holds a portfolio of 541 underlyings, with its largest positions including New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), Massachusetts, 5% 1nov2043, USD (2017) and Pennsylvania, 4% 1mar2036, USD. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does SCMB invest in?
As of July 31, 2026, SCMB has its largest geographic exposures in USA.
What sectors or themes does SCMB focus on?
As of July 31, 2026, SCMB is primarily exposed to Municipal.
Advantages of ETFs over Mutual Funds1/6
Lower Costs
In this guide, we'll explore the advantages of ETFs over mutual funds, giving you valuable insights into why ETFs have gained significant popularity among investors like yourself.
Leveraged ETFs: Unlocking the Potential for Amplified Returns1/6
Understanding Leveraged ETFs
Explore leveraged ETFs: potential for amplified returns & risks. 5 ETFs to consider across equities, commodities & fixed income.
What is a Leveraged ETF?1/6
Introducing Leveraged and Inverse ETFs
In this guide, we'll dive into the world of leveraged ETFs, exploring their definition, mechanics, potential risks, and rewards.
Recent educational content
ETF Trends
ETF Industry KPIs August 24, 2026
This week’s KPI data overview highlights key metrics and trends shaping the ETF landscape.
What’sTheFund
What's the Fund | Ocean Park Diversified Income ETF (DUKZ)
James St Aubin, Chief Investment Officer at Ocean Park Asset Management, discuss the DUKZ ETF, exposing investors to the whole spectrum of asset classes in the fixed income markets, through their rules-based process.
ETF Takeaway
ETF Takeaway: Ocean Park Diversified Income ETF (DUKZ)
James St Aubin, Chief Investment Officer at Ocean Park Asset Management discusses the state of fixed income markets and how their DUKZ ETF, through their rules-based process, tactically allocates to 11 sectors of fixed income through underlying ETFs.
ETF Trends
ETF Industry KPIs August 17, 2026
This week’s KPI data overview highlights key metrics and trends shaping the ETF landscape:
Browse all educational columns
Active Trader Report: Use of Leveraged & Inverse ETFs Way Up
Direxion partnered with Compound Insights and Vanda to explore what’s driving the evolution of active trading — and how active traders are using leveraged and inverse funds across equities, single stocks, commodities, and volatility.
