SCMB Fees and Costs — Schwab Municipal Bond ETF
Data updated: 2026-08-25
The net expense ratio is 0.03%. There are no sales loads or redemption fees. Portfolio turnover was 17%.
SCMB Fees and Expenses
Annual operating expenses and sales charges of SCMB. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.03% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.03% |
| Fee waiver | — |
| Net expense ratio | 0.03% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SCMB Costs Over Time
On $10,000 invested in SCMB, assuming 5% a year before costs, total costs come to $19 over 5 years, cutting the return by 0.03% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.03%) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $0 | $2 |
| Total costs | $3 | $10 | $19 |
| Value after costs | $10,497 | $11,566 | $12,744 |
| Impact on return, per year | 0.03% | 0.03% | 0.03% |
SCMB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
SCMB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $213.0M | 17.16% |
| J.P. Morgan Securities LLC | $188.6M | 15.20% |
| BofA Securities, Inc. | $176.6M | 14.23% |
| Barclays Capital Inc. | $148.2M | 11.94% |
| TD Securities (USA) LLC | $144.3M | 11.63% |
| Wells Fargo Securities, LLC | $118.4M | 9.54% |
| Samuel A. Ramirez & Company, Inc. | $72.6M | 5.85% |
| RBC Capital Markets, LLC | $69.0M | 5.56% |
| Goldman Sachs & Co. LLC | $58.5M | 4.71% |
| BNY Capital Markets, LLC | $51.9M | 4.18% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.