Schwab Municipal Bond ETF

Frequently Asked Questions About SCMB

What does SCMB invest in?

This ETF's primary goal is to closely replicate the overall financial performance, or total return, of a particular market benchmark. This benchmark is specifically designed to assess the performance of municipal bonds issued throughout the United States that are not subject to the Alternative Minimum Tax (AMT). This target is considered before any fund-related fees or operating costs are deducted.

What is the expense ratio of SCMB?

Schwab Municipal Bond ETF (SCMB) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

What is SCMB's dividend yield?

SCMB's trailing-twelve-month yield is 3.59%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of SCMB?

Effective duration measures SCMB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. SCMB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of SCMB?

SCMB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of SCMB?

Yield to maturity (YTM) is the total return you'd earn from SCMB if every bond in the portfolio is held to maturity at the current price. SCMB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.