The Schwab Municipal Bond ETF (SCMB) Begins Trading
12 Ottobre 2022 - 3:00PM
Business Wire
Today, the Schwab Municipal Bond ETF (SCMB) begins trading on
the NYSE Arca. The fund, from Schwab Asset Management, the asset
management arm of The Charles Schwab Corporation, is the lowest
cost ETF1 to provide access to the broad U.S. investment grade,
tax-exempt bond market.
“We’re excited to be able to offer investors the Schwab
Municipal Bond ETF, not only at a time when yields on municipal
bonds are attractive but also when investors are seeking a
low-cost, straightforward approach to income, diversification and
risk management in their portfolios,” said John Sturiale, Head of
Product Management and Innovation, Schwab Asset Management.
The Schwab Municipal Bond ETF’s goal is to track as closely as
possible, before fees and expenses, the total return of the ICE
AMT-Free Core U.S. National Municipal Index, which measures the
performance of the U.S. AMT-free municipal bond market. It seeks to
provide income exempt from federal taxes and not subject to the
federal alternative minimum tax (AMT). The fund has a high credit
quality profile, investing only in investment-grade rated
securities.
For more information, review the prospectus here.
About Schwab Asset Management
One of the industry’s largest and most experienced asset
managers, Schwab Asset Management offers a focused lineup of
competitively priced ETFs, mutual funds and separately managed
account strategies designed to serve the central needs of most
investors. By operating through clients’ eyes, and putting them at
the center of our decisions, we aim to deliver exceptional
experiences to investors and the financial professionals who serve
them. As of June 30, 2022, Schwab Asset Management managed
approximately $575.9 billion on a discretionary basis and $34.4
billion on a non-discretionary basis. More information is available
at www.schwabassetmanagement.com.
About Charles Schwab
At Charles Schwab we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com. Follow us
on Twitter, Facebook, YouTube and LinkedIn.
Disclosures:
Investors should consider carefully information contained in
the prospectus, or if available, the summary prospectus, including
investment objectives, risks, charges and expenses. You can obtain
a prospectus, or if available, a summary prospectus by visiting
schwabassetmanagement.com/prospectus. Please read it
carefully before investing.
Investment returns will fluctuate and are subject to market
volatility, so that an investor’s shares, when redeemed or sold,
may be worth more or less than their original cost. Unlike mutual
funds, shares of ETFs are not individually redeemable directly with
the ETF. Shares of ETF are bought and sold at market price, which
may be higher or lower than the net asset value (NAV).
Diversification and asset allocation strategies do not ensure a
profit and do not protect against losses in declining markets.
Fixed income securities are subject to increased loss of
principal during periods of rising interest rates. Fixed-income
investments are subject to various other risks including changes in
credit quality, market valuations, liquidity, prepayments, early
redemption, corporate events, tax ramifications and other
factors.
Tax-exempt bonds are not necessarily a suitable investment for
all persons. Information related to a security’s tax-exempt status
(federal and in-state) is obtained from third parties and Schwab
does not guarantee its accuracy. Capital appreciation and income
from bond funds and discounted bonds may be subject to state or
local taxes. Capital gains are not exempt from federal income
tax.
“ICE®” is a service/trademark of ICE Data Indices, LLC (“ICE”)
or its affiliates. This trademark has been licensed, along with the
ICE AMT-Free Core U.S. National Municipal Index (“Index”) for use
by Charles Schwab Investment Management, Inc., dba Schwab Asset
Management, in connection with the Schwab Municipal Bond ETF (the
“Fund”). The Schwab Municipal Bond ETF is not sponsored, endorsed,
sold or promoted by ICE Data Indices, LLC, its affiliates or its
Third-Party Suppliers (“ICE Data and its Suppliers”). ICE Data and
its Suppliers make no representations or warranties regarding the
advisability of investing in the Fund. Past performance of an Index
is not an indicator of or a guarantee of future results. The full
ICE Data Indices disclaimer is located in the Schwab Municipal Bond
ETF’s statutory prospectus and/or statement of additional
information located here:
www.schwabassetmanagement.com/schwabetfs_prospectus and such ICE
Data disclaimer is expressly incorporated here by reference.
Schwab Asset Management™ is the dba name for Charles Schwab
Investment Management, Inc. (CSIM), the investment adviser for
Schwab ETFs. Schwab ETFs are distributed by SEI Investments
Distribution Co. (SIDCO). Schwab Asset Management is a separate but
affiliated company and subsidiary of The Charles Schwab
Corporation, and is not affiliated with SIDCO.
(1022-2BP5)
_______________________ 1 With a net expense ratio of 0.03%,
SCMB has the lowest fees when compared to ETFs in both the
Morningstar Muni National Intermediate category and the Lipper
General + Insured Municipal Debt category as of 10/7/2022.
Morningstar and Lipper categories are not assigned until after
inception date. Comparison based on Schwab Asset Management’s
analysis of categories with ETFs that have similar characteristics
to SCMB.
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Christine Hudacko Charles Schwab 415-961-3790
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