SCMB

Schwab Municipal Bond ETF

$25.75

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Schwab Municipal Bond ETF (SCMB) seeks to track the performance of the Bloomberg Barclays Municipal Bond Index, which measures the performance of the U.S. municipal bond market.

Overview

ETF tracking Schwab Municipal Bond ETF

Category Municipal Bonds

Issuer Charles Schwab

Inception Date 2022-10-12

Market Cap $2.4B

Average Volume N/A

Dividend Yield 2.80%

52-Week Range $24.65 - $26.16

VWAP $25.79

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Schwab Municipal Bond ETF (SCMB) seeks to track the performance of the Bloomberg Barclays Municipal Bond Index, which measures the performance of the U.S. municipal bond market.

🎯 Investment Strategy

The ETF invests in a representative sample of municipal bonds included in the index, seeking to provide investment results that correspond generally to the price and yield performance of the index.

✨ Key Features

Broad exposure to the U.S. municipal bond market
Low-cost, passively managed approach
Potential tax-advantaged income for eligible investors
Diversified portfolio of investment-grade municipal bonds

⚠️ Primary Risks

Interest rate risk: Municipal bond prices may decline due to rising interest rates
Credit risk: Issuers may default on their debt obligations
Liquidity risk: Difficulty buying or selling shares at desired prices
Tax risk: Changes in tax laws may affect the tax-exempt status of municipal bonds

👤 Best For

The Schwab Municipal Bond ETF may be suitable for investors seeking exposure to the municipal bond market, looking for potential tax-advantaged income, and willing to accept the risks associated with fixed-income investments. It may be particularly appropriate for investors in higher tax brackets who are seeking to minimize their tax liability.