Schwab Municipal Bond ETF (SCMB)
ARCA ARCA Primary Summary
SCMB Chart
Are Municipal Bonds Ideal Second-Half Fixed Income Plays?
In the first Federal Open Market Committee (FOMC) meeting under new Federal Reserve Chairman Kevin Warsh, the central bank, as expected, stood pat with interest rates. Add to that, Fed funds futures imply almost zero chance of a July rate cut.
This Low-Cost Muni ETF Is Worth a Look
Municipal bonds are off to solid starts in 2026. That indicates advisors and income investors can revisit the asset class known for safety.
SCMB: Perfectly Sensible ETF But Not Obviously Worth It
The end result of the investment strategy here seems not worth it to me. The tax breaks on municipal income make them a good fit for higher-rate taxpayers looking for income. Holding the full universe, covering the index, is a sensible diversification strategy.
Schwab Municipal Bond ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 36,775 | $935,762.45 | $943,094.87 | $7,332.42 | 0.78% |
| YA Yinka Akinsola Blue Trust Inc. | 728 | $18,549.44 | $18,658.64 | $109.2 | 0.59% |
 Jeff Ameen Spire Wealth Management | 15,492 | $394,736.16 | $397,447.26 | $2,711.1 | 0.69% |
 Kyle P. Smith NewEdge Wealth LLC | 57,941 | $1.48M | $1.49M | $8,691.15 | 0.59% |
 Carrie Delgott Wescott Financial Advisory Group LLC | 30,997 | $798,432.32 | $794,453.11 | -$3,979.21 | -0.5% |
Schwab Municipal Bond ETF (SCMB) FAQ
What is the stock price today?
On which exchange is it traded?
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Does it pay dividends? What is the current yield?
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Has Schwab Municipal Bond ETF ever had a stock split?
Schwab Municipal Bond ETF Profile
| ARCA Exchange | US Country |
Overview
The described entity is a fund that specializes in investing in U.S. dollar denominated investment grade tax-exempt debt. This debt is publicly issued in the U.S. domestic market by various U.S. states and territories, along with their political subdivisions. This signifies that the primary focus of the fund is on securities that are considered to be of high quality and are exempt from federal taxes, which could include municipal bonds or similar financial instruments. The investment strategy outlined suggests that under normal operating conditions, the fund has the flexibility to diversify its portfolio by investing up to 20% of its net assets in securities that are not included in its index. This provision allows for a degree of flexibility in investment choices, potentially enabling the fund to seek higher returns or manage risks associated with the volatility of the tax-exempt bond market.
Products and Services
The fund primarily offers investment opportunities in the following types of products and services:
- Investment Grade Tax-Exempt Debt Instruments: These are the core products of the fund, consisting of debt securities that are not only rated as investment grade (implying lower risk of default compared to lower-rated securities) but also offer tax-exempt status. This category predominantly includes municipal bonds issued by U.S. states, territories, and their political subdivisions. The tax-exempt feature is particularly attractive to individual investors in higher tax brackets, as it allows for income generation without being subject to federal (and in some cases state and local) taxes.
- Flexible Investment in Non-Index Securities: Besides focusing on the index of U.S. dollar denominated investment grade tax-exempt debt, the fund allocates up to 20% of its net assets in securities that are not part of its core index. This could include a wider range of bonds that may offer higher yields or present opportunities for diversification and risk management. The inclusion of such securities is based on the fund’s assessment of market conditions and potential returns, compared to the risk involved. This aspect of the service offers potential investors a blend of stability through core tax-exempt instruments and the opportunity for enhanced returns through judiciously selected non-index investments.
