Schwab Municipal Bond ETF
Summary
Objective
The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the U.S. AMT-free municipal bond market.
Highlights
- Simple access to the U.S. investment grade, tax-exempt bond market
- Seeks to provide income exempt from federal taxes and not subject to AMT
- The Fund can serve as part of the core of a diversified portfolio
- A straightforward, low-cost fund offering potential tax-efficiency
Fund Details
Quote Details
- Today's Opening Value--
- Today's Volume (shares)3,962
- Previous Close Value--
- Median Bid/Ask Spread0.06%02/27/2023 - 03/29/2023
- Bid/Ask Midpoint$52.08As of 03/29/2023
- Premium/Discount0.00%As of 03/29/2023
Fund Profile
| Fund Inception | 10/12/2022 | |
|---|---|---|
| Total Net Assets As of 03/29/2023
|
03/29/2023 | $122,444,926.42 |
| Expense Ratio | 0.030% | |
| Index Name | ICE AMT-Free Core U.S. National Municipal Index | |
| Shares Outstanding As of 03/29/2023
|
03/29/2023 | 2,350,000 |
| NAV As of 03/29/2023
|
03/29/2023 | $52.10 |
| Total Holdings As of 03/30/2023
|
03/30/2023 | 539 |
| Portfolio Turnover Rate As of 02/28/2023
|
02/28/2023 | 19.31% |
| Morningstar Category | Muni National Interm | |
| Management Style | Passive | |
| CUSIP | 808524649 | |
| Exchange | NYSE Arca, Inc. |
Yields
| SEC Yield (30 Day) As of 03/28/2023
|
03/28/2023 | 3.24% |
|---|---|---|
| Tax Equivalent SEC Yield (30 Day) As of 02/28/2023
|
02/28/2023 | 0.05% |
| Distribution Yield (TTM) As of 02/28/2023
|
02/28/2023 | 0.00% |
| Average Yield to Maturity As of 12/31/2022
|
12/31/2022 | 3.73% |
Fund Characteristics
| Weighted Average Maturity As of 12/31/2022
|
12/31/2022 | 7.7 years |
|---|---|---|
| Weighted Average Coupon As of 12/31/2022
|
12/31/2022 | 4.41% |
| Effective Duration As of 12/31/2022
|
12/31/2022 | 6.9 years |
| Standard Deviation (3 Yr) | -- |
Performance
Total Return
Monthly
-
SCMB Market Price
Cumulative Returns (%)
- 1 Month
- -2.54
- 3 Month
- -0.10
- YTD
- +0.16
Annualized Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
SCMB NAV
Cumulative Returns (%)
- 1 Month
- -2.43
- 3 Month
- +0.21
- YTD
- +0.24
Annualized Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
ICE AMT-Free Core U.S. National Municipal Index (Index)
Cumulative Returns (%)
- 1 Month
- -2.30
- 3 Month
- +0.37
- YTD
- +0.50
Annualized Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
-
Muni National Interm (Morningstar Category)
Cumulative Returns (%)
- 1 Month
- -1.99
- 3 Month
- +0.69
- YTD
- +0.55
Annualized Returns (%)
- 1 Year
- -4.87
- 3 Year
- -1.55
- 5 Year
- +1.33
- 10 Year
- +1.58
| Description | Cumulative Returns (%) | Annualized Returns (%) | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 Month | 3 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SCMB Market Price | -2.54 | -0.10 | +0.16 | -- | -- | -- | -- | -- | |
| SCMB NAV | -2.43 | +0.21 | +0.24 | -- | -- | -- | -- | -- | |
| ICE AMT-Free Core U.S. National Municipal Index (Index) | -2.30 | +0.37 | +0.50 | -- | -- | -- | -- | ||
| Muni National Interm (Morningstar Category) | -1.99 | +0.69 | +0.55 | -4.87 | -1.55 | +1.33 | +1.58 | ||
Annualized returns for periods 1 yr+/cumulative returns for periods less than 1 yr.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
Quarterly
-
SCMB Market Price
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
SCMB NAV
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- --
-
ICE AMT-Free Core U.S. National Municipal Index (Index)
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
-
Muni National Interm (Morningstar Category)
Average Annual Returns (%)
- 1 Year
- -8.23
- 3 Year
- -0.84
- 5 Year
- +0.96
- 10 Year
- +1.60
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SCMB Market Price | -- | -- | -- | -- | -- | |
| SCMB NAV | -- | -- | -- | -- | -- | |
| ICE AMT-Free Core U.S. National Municipal Index (Index) | -- | -- | -- | -- | ||
| Muni National Interm (Morningstar Category) | -8.23 | -0.84 | +0.96 | +1.60 | ||
Annualized returns for periods 1 yr+/cumulative returns for periods less than 1 yr.
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.
After Tax Returns
Pre-Liquidation
SCMB NAV Return
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- +13.88
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- +9.23
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- 0.00
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | -- | -- | -- | -- | +13.88 | |
| SEC Post-Liquidation | -- | -- | -- | -- | +9.23 | |
| Tax Cost Ratio | -- | -- | -- | -- | 0.00 | |
After tax returns are based on highest Federal income tax bracket and depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. State and local taxes are not included. Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. Tax Cost Ratio represents the percentage-point reduction in returns that results from Federal income taxes (before shares in the fund are sold, and assuming the highest Federal tax bracket).
Muni National Interm NAV Returns (Morningstar Category)
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- -8.79
- 3 Year
- -1.08
- 5 Year
- +0.78
- 10 Year
- +1.45
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- -4.39
- 3 Year
- -0.28
- 5 Year
- +1.18
- 10 Year
- +1.71
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- +0.02
- 3 Year
- +0.07
- 5 Year
- +0.06
- 10 Year
- +0.06
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | -8.79 | -1.08 | +0.78 | +1.45 | ||
| SEC Post-Liquidation | -4.39 | -0.28 | +1.18 | +1.71 | ||
| Tax Cost Ratio | +0.02 | +0.07 | +0.06 | +0.06 | ||
Post-Liquidation
SCMB NAV Return
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- +13.88
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- +9.23
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- --
- 3 Year
- --
- 5 Year
- --
- 10 Year
- --
- Inception
- 0.00
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | -- | -- | -- | -- | +13.88 | |
| SEC Post-Liquidation | -- | -- | -- | -- | +9.23 | |
| Tax Cost Ratio | -- | -- | -- | -- | 0.00 | |
After tax returns are based on highest Federal income tax bracket and depend on the investor's tax situation and may differ from those shown, and the after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. State and local taxes are not included. Pre-liquidation figures include taxes on fund's distributions of dividends and capital gains. Tax Cost Ratio represents the percentage-point reduction in returns that results from Federal income taxes (before shares in the fund are sold, and assuming the highest Federal tax bracket).
Muni National Interm NAV Returns (Morningstar Category)
-
SEC Pre-Liquidation
Average Annual Returns (%)
- 1 Year
- -8.79
- 3 Year
- -1.08
- 5 Year
- +0.78
- 10 Year
- +1.45
-
SEC Post-Liquidation
Average Annual Returns (%)
- 1 Year
- -4.39
- 3 Year
- -0.28
- 5 Year
- +1.18
- 10 Year
- +1.71
-
Tax Cost Ratio
Average Annual Returns (%)
- 1 Year
- +0.02
- 3 Year
- +0.07
- 5 Year
- +0.06
- 10 Year
- +0.06
| Description | Average Annual Returns (%) | |||||
|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||
| SEC Pre-Liquidation | -8.79 | -1.08 | +0.78 | +1.45 | ||
| SEC Post-Liquidation | -4.39 | -0.28 | +1.18 | +1.71 | ||
| Tax Cost Ratio | +0.02 | +0.07 | +0.06 | +0.06 | ||
Cumulative Growth of a $10,000 Investment
| SCMB (Fund) | $10,500 | |
|---|---|---|
| ICE AMT-Free Core U.S. National Municipal Index (Index) | $10,510 | |
| Muni National Interm (Morningstar Category) | $10,471 | |
| Worst Three Months Return (11/30/2022 - 2/28/2023) | +0.21 | |
| Best Three Months Return (10/31/2022 - 1/31/2023) | +7.61 |
This graph represents the growth of a hypothetical investment of $10,000. It assumes reinvestment of dividends and capital gains, and does not reflect sales loads, redemption fees, if applicable, or the effects of taxes on any capital gains and/or distributions. If the inception date of the Index is less than the time period shown above, the Since Inception period is shown. Best and Worst Return cover the timeframe of the chart.
Price Performance
Premium/Discount
| ITD | ||
|---|---|---|
| Days traded at Premium | -- | |
| Days traded at Discount | -- |
Portfolio
Top Holdings
-
PRHTRN
- Name
- PORT HOUSTON AUTH TEX HARRIS C
- Percent of Assets (%)
- 0.87%
- Market Value
- $1.1M
-
MAS
- Name
- MASSACHUSETTS ST
- Percent of Assets (%)
- 0.85%
- Market Value
- $1.0M
-
NRTTRN
- Name
- NORTH TEX TWY AUTH REV
- Percent of Assets (%)
- 0.83%
- Market Value
- $1.0M
-
TCYTRN
- Name
- TRI-CNTY MET TRANSN DIST ORE R
- Percent of Assets (%)
- 0.82%
- Market Value
- $1.0M
-
NYC
- Name
- NEW YORK N Y
- Percent of Assets (%)
- 0.76%
- Market Value
- $933.1K
-
MASEDU
- Name
- MASSACHUSETTS ST SCH BLDG AUTH
- Percent of Assets (%)
- 0.74%
- Market Value
- $911.9K
-
WAS
- Name
- WASHINGTON ST
- Percent of Assets (%)
- 0.68%
- Market Value
- $833.1K
-
MDS
- Name
- MARYLAND ST
- Percent of Assets (%)
- 0.67%
- Market Value
- $820.9K
-
CTSGEN
- Name
- CONNECTICUT ST SPL TAX OBLIG R
- Percent of Assets (%)
- 0.64%
- Market Value
- $786.2K
-
CASEDU
- Name
- CALIFORNIA EDL FACS AUTH REV
- Percent of Assets (%)
- 0.64%
- Market Value
- $780.1K
| Symbol | Name | Percent of Assets (%) | Market Value | ||
|---|---|---|---|---|---|
| PRHTRN | PORT HOUSTON AUTH TEX HARRIS C | 0.87%
|
$1.1M | ||
| MAS | MASSACHUSETTS ST | 0.85%
|
$1.0M | ||
| NRTTRN | NORTH TEX TWY AUTH REV | 0.83%
|
$1.0M | ||
| TCYTRN | TRI-CNTY MET TRANSN DIST ORE R | 0.82%
|
$1.0M | ||
| NYC | NEW YORK N Y | 0.76%
|
$933.1K | ||
| MASEDU | MASSACHUSETTS ST SCH BLDG AUTH | 0.74%
|
$911.9K | ||
| WAS | WASHINGTON ST | 0.68%
|
$833.1K | ||
| MDS | MARYLAND ST | 0.67%
|
$820.9K | ||
| CTSGEN | CONNECTICUT ST SPL TAX OBLIG R | 0.64%
|
$786.2K | ||
| CASEDU | CALIFORNIA EDL FACS AUTH REV | 0.64%
|
$780.1K |
Security Types
| Security Types | Percent of Portfolio (%) | |
|---|---|---|
| Other | 100.00%
|
Credit Ratings
| Credit Ratings | Bonds (%) | |
|---|---|---|
| AA | 60.68%
|
|
| A | 19.71%
|
|
| AAA | 15.09%
|
|
| BBB | 4.52%
|
Based on the middle rating of Moody’s, S&P and Fitch; when a rating from only two agencies is available, the lower is used; when only one agency rates a bond, that rating is used. In cases where explicit bond level ratings may not be available, other sources may be used to classify securities by credit quality.
Asset Allocation
| Asset Class | Percent of Portfolio (%) | |
|---|---|---|
| Bonds | 100.00%
|
The percentage of assets as shown may not equal 100% due to unsettled trades.
Maturity Breakdown
| Maturity | Bonds (%) | |
|---|---|---|
| Less than 3 Years | 28.50%
|
|
| 3 to 5 Years | 19.02%
|
|
| 5 to 7 Years | 13.38%
|
|
| 7 to 10 Years | 19.20%
|
|
| 10 Years or More | 19.90%
|
Distributions
Distributions
-
Ex-Date: 03/01/2023
- Record Date
- 03/02/2023
- Payable Date
- 03/07/2023
- Income
- 0.1337
- Short Term Capital Gain
- 0.0000
- Long Term Capital Gain
- 0.0000
- Return of Capital
- --
- Total Distribution
- 0.133700000
-
Ex-Date: 02/01/2023
- Record Date
- 02/02/2023
- Payable Date
- 02/07/2023
- Income
- 0.1254
- Short Term Capital Gain
- 0.0000
- Long Term Capital Gain
- 0.0000
- Return of Capital
- --
- Total Distribution
- 0.125400000
-
Ex-Date: 12/16/2022
- Record Date
- 12/19/2022
- Payable Date
- 12/22/2022
- Income
- 0.1090
- Short Term Capital Gain
- 0.0000
- Long Term Capital Gain
- 0.0000
- Return of Capital
- --
- Total Distribution
- 0.109000000
-
Ex-Date: 12/01/2022
- Record Date
- 12/02/2022
- Payable Date
- 12/07/2022
- Income
- 0.1293
- Short Term Capital Gain
- 0.0000
- Long Term Capital Gain
- 0.0000
- Return of Capital
- --
- Total Distribution
- 0.129300000
-
Ex-Date: 11/01/2022
- Record Date
- 11/02/2022
- Payable Date
- 11/07/2022
- Income
- 0.0633
- Short Term Capital Gain
- 0.0000
- Long Term Capital Gain
- 0.0000
- Return of Capital
- --
- Total Distribution
- 0.063300000
| Ex-Date | Record Date | Payable Date | Income | Short Term Capital Gain | Long Term Capital Gain | Return of Capital | Total Distribution | ||
|---|---|---|---|---|---|---|---|---|---|
| 03/01/2023 | 03/02/2023 | 03/07/2023 | 0.1337 | 0.0000 | 0.0000 | -- | 0.133700000 | ||
| 02/01/2023 | 02/02/2023 | 02/07/2023 | 0.1254 | 0.0000 | 0.0000 | -- | 0.125400000 | ||
| 12/16/2022 | 12/19/2022 | 12/22/2022 | 0.1090 | 0.0000 | 0.0000 | -- | 0.109000000 | ||
| 12/01/2022 | 12/02/2022 | 12/07/2022 | 0.1293 | 0.0000 | 0.0000 | -- | 0.129300000 | ||
| 11/01/2022 | 11/02/2022 | 11/07/2022 | 0.0633 | 0.0000 | 0.0000 | -- | 0.063300000 |