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Schwab Municipal Bond ETF

Schwab · Tracks ICE AMT-Free Core U.S. National Municipal Index · Inception Oct 11, 2022

Expense ratio
0.030%
3.0 bps
Net assets
$3.07B
TTM yield
3.72%
Last price
$24.69
as of Oct 23, 2026
Avg volume
6,205,173
shares/day, 30d

Trailing returns

through Oct 23, 2026
1 year
-1.6%
3 year
+3.8%
annualized
5 year
—
annualized
Growth of $1, 2022-11 to 2026-10

Price return from month-end closes, distributions reinvested at month end. Excludes trading costs, bid-ask spreads and taxes. Past performance says nothing about future returns and is not part of the composite score — see the methodology for what the score does measure.

Composite score

92 / 100
Cost 97

Based on a 0.030% expense ratio.

Liquidity 78

Based on $3.07B in net assets.

Concentration 100

Top-10 holdings represent 1.9% of net assets.

Tax efficiency 93

US Municipal Bond base · ETF wrapper · 3.72% TTM yield.

The composite is a weighted average of the four core sub-scores above (cost, tax efficiency, liquidity, concentration). Missing sub-scores fall back to the per-category median when the category has at least 50% data coverage, so funds without (e.g.) parsed N-PORT holdings aren't accidentally boosted by renormalization. Tracking quality is shown where computable but isn't currently part of the composite weighting. See methodology for formulas, the tracking-quality partial-coverage rationale, and the dimensions we deliberately don't score (methodology v0.5.2).

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Top holdings

6,845 total holdings · as of Jun 30, 2026
# Holding Weight
1 Commonwealth of Massachusetts 0.22%
2 Gwinnett County School District 0.22%
3 Commonwealth of Pennsylvania 0.21%
4 City of New York NY 0.20%
5 State of California Department of Water Resources 0.19%
6 State of Washington 0.17%
7 State of California 0.17%
8 New York City Municipal Water Finance Authority 0.17%
9 Northwest Independent School District 0.16%
10 Commonwealth of Massachusetts 0.16%

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Holdings sourced from SEC Form N-PORT-P (accession 0001410368-26-085362).