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ALL
AUM
$3.96B
P/E ratio
2.8
Dividend yield
3.5095%
Expense ratio
0.03%
Beta
0.308536
Previous close
$25.23
Today's open
$25.24
Day's range
$25.22 - $25.33
52 week range
$24.87 - $26.20
Bonds
Domestic
Municipal
Are Municipal Bonds Ideal Second-Half Fixed Income Plays?
In the first Federal Open Market Committee (FOMC) meeting under new Federal Reserve Chairman Kevin Warsh, the central bank, as expected, stood pat with interest rates. Add to that, Fed funds futures imply almost zero chance of a July rate cut.
ETF Trends • Jun 22, 2026

PZA's 217-Payment Streak Reveals What Actually Keeps Muni Bonds Safe
For high earners hunting tax-free monthly income, the Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA) has become a reliable workhorse.
24/7 Wall Street • Jun 18, 2026

How a $500,000 Position in This Schwab Muni ETF Pays a Married Couple in the 32% Bracket an Extra $6,500 a Year in After Tax Income
In 2021, Elon Musk paid over $11 billion to the IRS (his 2026 federal tax may be significantly larger, due to the SpaceX IPO).
24/7 Wall Street • Jun 16, 2026

Half a Million Dollars. Two ETFs. $1,400 a Month, Without Touching the Principal.
I think more retirees should get comfortable with selling shares to fund portfolio withdrawals. Mathematically, there is not much difference between receiving income through dividends versus generating it yourself by selling shares. When a stock or ETF pays a dividend or distribution, the share price drops by roughly the amount paid out on the ex-dividend date. In practice, you could create your own “dividend” by periodically trimming shares instead.
24/7 Wall Street • May 23, 2026

High Earners Skip Treasuries for 3.9% Tax-Free Yield in Municipal Bonds
For investors in the top federal tax bracket, the Invesco National AMT-Free Municipal Bond ETF (NYSEARCA:PZA | PZA Price Prediction) offers something rare: a monthly paycheck the IRS cannot touch.
24/7 Wall Street • May 18, 2026

This Low-Cost Muni ETF Is Worth a Look
Municipal bonds are off to solid starts in 2026. That indicates advisors and income investors can revisit the asset class known for safety.
ETF Trends • Feb 23, 2026

SCMB: Perfectly Sensible ETF But Not Obviously Worth It
The end result of the investment strategy here seems not worth it to me. The tax breaks on municipal income make them a good fit for higher-rate taxpayers looking for income. Holding the full universe, covering the index, is a sensible diversification strategy.
Seeking Alpha • Aug 3, 2025

SCMB: Schwab Offers Low Cost Municipal Bond ETF But Not Great Results
With the GOP controlling Congress and the White House, current tax rates from 2017 are likely to extend beyond 2025. The Schwab Municipal Bond ETF offers a low-cost, tax-efficient investment in U.S. investment-grade, tax-exempt bonds, with a forward yield of 3.34%. The ETF tracks the ICE AMT-Free Core U.S. National Municipal Index, focusing on high-quality bonds exempt from federal taxes and AMT.
Seeking Alpha • Nov 23, 2024

Schwab Asset Management Announces ETF Share Splits
WESTLAKE, Texas--(BUSINESS WIRE)--Schwab Asset Management®, the asset management arm of The Charles Schwab Corporation, today announced forward share splits on 20 Schwab ETFs. Forward ETF share splits increase the number of shares outstanding and decrease the Net Asset Value (NAV) per share. The share splits will not change the total value of a shareholder's investment. The ETF share splits will apply to shareholders of record as of the close of US markets on October 9, 2024, payable after the.
Business Wire • Sep 25, 2024

The opportunity is not over in municipal bonds, says Parametric's Nisha Patel
Nisha Patel, Parametric fixed income portfolio manager, joins 'The Exchange' to discuss the municipal bond market as rate cuts and municipal bond demand grows.
CNBC Television • Aug 9, 2024

¹ Disclosures

Open an M1 investment account to buy and sell Schwab Municipal Bond ETF commission-free¹. Build wealth for the long term using automated trading and transfers.