SCMB's largest holdings are Commonwealth of Massachusetts, Gwinnett County School District, Pennsylvania (Commonwealth of), New York (City of), NY, California (State of) Department of Water Resources. The full top list is on this page.

How concentrated is SCMB?

The top 10 holdings are 1.9% of the fund, across 6,845 positions.

The total expense ratio on record is 0.03%. That is cheaper than 96% of the 864 US-listed bond funds we track.

US-listed

SCMB

Track the total return of the ICE AMT-Free Core U.S. National Municipal Index

Schwab Municipal Bond ETF

Charles Schwab

6,845 holdings as of 2026-06-30 · top 10 = 1.9% · TER 0.03%

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Concentration

Well diversifiedtop 10 = 1.9%

diversifiedconcentrated

GROWTH · NAV (USD)rebased to 0%

Holdings

6,845

as of 2026-06-30

Top 10

1.9%

TER

0.03%

cheaper than 96% of peers

Net assets

US$3.98B

Largest

0.2%

P / E

–

Sections

Holdings as of 2026-06-30.

01Overview

the fund's regulatory facts

Fund currency

USD

First listed

2022-10-12

Volatility 1Y

3.3%

Tracked index

ICE AMT-Free Core U.S. National Municipal Index

How it tracks

Index, sampling

Lends its stock

Yes

02Performance

market price return · as of 2026-09-11

-3.0%

-3.9%

-4.1%

YTD

-4.3%

-3.8%

03Holdings

50 largest · as of 2026-06-30

#	Company	Identifier	Weight
1	Commonwealth of Massachusetts US	US57582RQP46	0.2
2	Gwinnett County School District US	US403755Z204	0.2
3	Pennsylvania (Commonwealth of) US	US70914PM828	0.2
4	New York (City of), NY US	US64966QYM67	0.2
5	California (State of) Department of Water Resources US	US13067WSB99	0.2
6	State of Washington US	US93974EEM49	0.2
7	State of California US	US13063DS900	0.2
8	New York City Municipal Water Finance Authority US	US64972GA612	0.2
9	NORTHWEST TEX INDPT SCH DIST US	US667826HF12	0.2
10	Commonwealth of Massachusetts US	US57582TCS96	0.2
11	Washington (State of) US	US93974D2V91	0.2
12	California State Public Works Board US	US13068XLF41	0.2
13	Indiana (State of) Finance Authority (Green Bonds) US	US45506DX348	0.2
14	MTA Hudson Rail Yards Trust Obligations US	US62476RAC97	0.2
15	City of New York US	US64966SFX99	0.2
16	Louisville & Jefferson County Metropolitan Sewer District US	US5465892V36	0.2
17	University of California US	US91412HWW95	0.1
18	State of California US	US13063D7Q50	0.1
19	New York State Urban Development Corp. US	US650036BX34	0.1
20	New York City Municipal Water Finance Authority US	US64972GL858	0.1
21	Los Angeles Unified School District US	US544647HQ66	0.1
22	New York City Transitional Finance Authority Building Aid Revenue US	US64972H5T50	0.1
23	State of Oregon Department of Transportation US	US68607DXA89	0.1
24	County of Wake US	US930864GM92	0.1
25	EMORY UNIVERSITY US	PRIHGR	0.1
26	Metropolitan Government of Nashville & Davidson County US	US592112XL58	0.1
27	New York City Transitional Finance Authority Future Tax Secured Revenue US	US64971X5D65	0.1
28	City of New York NY US	US64966SLQ74	0.1
29	New York City Transitional Finance Authority Future Tax Secured US	US64972JQE19	0.1
30	Pennsylvania Turnpike Commission US	US709225GV28	0.1
31	Gwinnett County School District US	US403755Z469	0.1
32	Commonwealth of Massachusetts US	US57582R3A25	0.1
33	State of California US	US13063EAP16	0.1
34	Texas Water Development Board US	TXSWTR	0.1
35	Chicago Transit Authority Sales Tax Receipts Fund US	US16772PEP71	0.1
36	Ohio (State of) Turnpike & Infrastructure Commission US	US67760HNJ67	0.1
37	City of New York NY US	US64966SRP38	0.1
38	Great Lakes Water Authority Water Supply System US	US39081JEU88	0.1
39	Connecticut (State of) US	US20772KVD89	0.1
40	University of California US	US91412HPX51	0.1
41	New York City Municipal Water Finance Authority US	US64972GL445	0.1
42	Metropolitan Washington Airports Authority Aviation Revenue US	US592646N251	0.1
43	New York State Thruway Authority US	US650028ZN61	0.1
44	State of Maryland US	US574193WD67	0.1
45	Omaha (City of), NE Public Power District US	US682001JV57	0.1
46	Massachusetts (Commonwealth of) US	US57582RVV58	0.1
47	CALIFORNIA ST US	US13063ELQ79	0.1
48	California (State of) US	US13063DSQ24	0.1
49	Triborough Bridge & Tunnel Authority US	US896032BD07	0.1
50	Tampa Bay Water US	US875124HX00	0.1

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04Exposure

Bonds 99.9%

By country

USUnited States99.0%

CurrencyUSD 99.0%

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