Sterling Capital National Municipal Bond ETF (SCNM) Fund Overview
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For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 15, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerSterling Capital National Municipal Bond ETF (SCNM) trades at $23.59. Sterling Capital National Municipal Bond ETF (SCNM) is an actively managed fund focusing on tax-exempt income and capital preservation. Sector: Financials.
Price as of · Last analyzed: Mar 15, 2026Analyst Coverage for SCNM: SCNM does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
Sterling Capital National Municipal Bond ETF (SCNM) Financial Services Profile
Sterling Capital National Municipal Bond ETF (SCNM) provides investors with exposure to the U.S. municipal bond market, offering current income exempt from federal income taxes. The fund employs an active management strategy, adjusting its portfolio based on interest rate and credit quality analysis, while capping investments in below-investment-grade municipal instruments.
What Is the Investment Thesis for SCNM?
SCNM presents an investment opportunity for those seeking tax-exempt income through municipal bonds. The fund's active management approach allows for adjustments based on interest rate movements and credit quality, potentially mitigating risks associated with fixed-income investments. With a market cap of $0.25 billion, SCNM offers a focused exposure to the municipal bond market. A key value driver is the potential for tax-advantaged income, appealing to investors in higher tax brackets. The fund's ability to invest in pooled vehicles and employ derivatives could enhance returns, but also introduces additional complexity and potential risks. The fund's investment strategy involves a top-down approach, where the portfolio manager focuses on broader economic factors such as interest rates and credit quality to make informed investment decisions.
Based on FMP financials and quantitative analysis
SCNM Key Highlights
SCNM is an actively managed ETF focused on municipal bonds.
- The fund aims to provide current income exempt from regular federal income taxes.
- SCNM has a market capitalization of $0.25 billion.
- The fund employs a top-down approach, focusing on interest rates and credit quality.
- SCNM caps investments in below-investment-grade municipal instruments at 10% of assets.
Who Are SCNM's Competitors?
SCNM is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| VTEB Vanguard Tax-Exempt Bond ETF | $47.37 | +0.25% | $46.4B | — |
| MUB iShares National Muni Bond ETF | $101.12 | +0.16% | $43.9B | — |
| HYMB State Street SPDR Nuveen ICE High Yield Municipal Bond ETF | $23.37 | +0.82% | $2.92B | — |
| BLK BlackRock, Inc. | $1066.45 | +0.64% | $165B | 51 5-pillar |
| BX Blackstone Inc. | $111.64 | -0.09% | $136B | 68 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | 0.00% | $74.8B | 56 5-pillar |
| BAM Brookfield Asset Management | $44.73 | -0.27% | $71.4B | 57 5-pillar |
| AMP Ameriprise Financial, Inc. | $494.94 | +0.82% | $44.4B | 77 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SCNM's Key Strengths?
Active management allows for strategic adjustments based on market conditions.
- Focus on tax-exempt income is attractive to investors in high tax brackets.
- Diversified portfolio of municipal bonds reduces risk.
- Experienced portfolio management team.
What Are SCNM's Weaknesses?
Active management fees may be higher than passively managed ETFs.
- Fund performance is dependent on the skill of the portfolio manager.
- Exposure to derivatives introduces additional complexity and risk.
- Limited investment in below-investment-grade municipal instruments may constrain returns.
What Are the Key Risks for SCNM?
Rising interest rates could negatively impact bond values.
- Credit downgrades of municipal bonds could lead to losses.
- Increased competition from other municipal bond ETFs and mutual funds.
- Changes in tax laws could reduce the attractiveness of municipal bonds.
- Reliance on the skill and experience of the portfolio manager.
What Are SCNM's Competitive Advantages?
- Expertise in municipal bond investing.
- Active management strategy to adapt to market conditions.
- Tax-advantaged income stream for investors.
- Established track record in the municipal bond market.
What Does SCNM Do?
Sterling Capital National Municipal Bond ETF (SCNM) is an actively managed exchange-traded fund designed to provide investors with current income that is exempt from regular federal income taxes, while also focusing on capital preservation. The fund achieves this objective by investing primarily in municipal bonds of varying maturities. These municipal instruments generate interest income that is not subject to federal income tax, making the fund attractive to investors seeking tax-advantaged income streams. SCNM was created to offer a diversified portfolio of municipal bonds, managed by experienced professionals who actively adjust the fund's holdings based on market conditions and economic outlook. The fund's investment strategy involves a top-down approach, where the portfolio manager focuses on broader economic factors such as interest rates and credit quality to make informed investment decisions. SCNM may invest without limit in municipal instruments subject to the federal alternative minimum tax (AMT). The fund may invest up to 20% in other debt and fixed income investments. SCNM caps its investments rated below investment grade municipal instruments to 10% of assets. The fund may also invest in pooled investment vehicles, including other ETFs, and utilize derivatives to manage interest rate risk and enhance returns. The fund's target interest rate sensitivity is continually adjusted based on expected interest rate movements, allowing it to adapt to changing market conditions.
What Products and Services Does SCNM Offer?
- Invests in municipal bonds of any maturity.
- Seeks current income exempt from regular federal income taxes.
- Focuses on capital preservation.
- Employs a top-down approach, focusing on interest rates and credit quality.
- May invest in pooled vehicles, including ETFs.
- May employ derivatives to manage interest rate sensitivity.
How Does SCNM Make Money?
- Generates income from interest earned on municipal bond holdings.
- Actively manages portfolio to optimize returns and manage risk.
- Charges a management fee for its services.
What Industry Does SCNM Operate In?
The asset management industry is characterized by intense competition and evolving regulatory landscapes. ETFs like SCNM operate within this environment, offering investors diversified exposure to specific asset classes. The municipal bond market, in particular, is influenced by factors such as interest rate changes, credit ratings, and tax policies. As an actively managed ETF, SCNM seeks to outperform its benchmark by strategically adjusting its portfolio based on market conditions. The fund competes with other municipal bond ETFs and mutual funds, differentiating itself through its active management approach and focus on tax-exempt income.
Who Are SCNM's Key Customers?
- Individual investors seeking tax-exempt income.
- Financial advisors looking for municipal bond exposure for their clients.
- Institutional investors seeking diversified fixed-income investments.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 41 snapshots
| 2026-08-23 | 44 |
| 2026-08-31 | 44 |
| 2026-09-08 | 44 |
| 2026-09-16 | 44 |
| 2026-09-24 | 44 |
| 2026-10-04 | 44 |
What changed?
The score has stayed at 44.
Over the same 30 days the stock moved -3.6%.
SCNM Financials
Bull Case vs Bear Case
Bull Case
- Active management allows for strategic adjustments based on market conditions.
- Focus on tax-exempt income is attractive to investors in high tax brackets.
- Diversified portfolio of municipal bonds reduces risk.
- Experienced portfolio management team.
Bear Case
- Active management fees may be higher than passively managed ETFs.
- Fund performance is dependent on the skill of the portfolio manager.
- Exposure to derivatives introduces additional complexity and risk.
- Limited investment in below-investment-grade municipal instruments may constrain returns.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
SCNM Latest News
No recent news available for SCNM.
SCNM Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for SCNM.
Price Targets
Wall Street price target analysis for SCNM.
SCNM MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for SCNM; grades run from A+ (80-100) to F (below 30).
Leadership: Hunter Horsley
CEO
Hunter Horsley is the CEO of Sterling Capital. Prior to this role, Horsley held various leadership positions within the financial services industry, focusing on investment management and portfolio strategy. He has extensive experience in fixed-income markets and a deep understanding of municipal bond investing. Horsley holds a degree in Finance from a leading university and is a Chartered Financial Analyst (CFA) charterholder.
Track Record: Under Horsley's leadership, Sterling Capital has expanded its ETF offerings and enhanced its active management capabilities. He has overseen the implementation of strategic initiatives to improve fund performance and attract new investors. Horsley has also focused on strengthening the firm's risk management framework and ensuring compliance with regulatory requirements.
Sterling Capital National Municipal Bond ETF Financials Stock: Key Questions Answered
What are the main risks for SCNM?
The main risks for SCNM include interest rate risk, credit risk, and market risk. Rising interest rates could negatively impact bond values, leading to losses for the fund. Credit downgrades of municipal bonds could also result in losses. Market risk refers to the potential for broader market downturns to negatively impact the fund's performance.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- Financial data is based on available information and may be subject to change.