DFNM — Dimensional National Municipal Bond ETF
Dimensional National Municipal Bond ETF (ticker: DFNM) is a bond ETF issued by Dimensional tracking ACTIVE - No Index. It was launched on 2021-11-15.
About DFNM
The Dimensional National Municipal Bond ETF (DFNM) is an actively managed fund that invests in a broad portfolio of U.S. municipal bonds. It aims to provide income that is exempt from federal income taxes.
DFNM may be considered by investors seeking exposure to intermediate-term, investment-grade municipal bonds within a diversified fixed-income portfolio.
- DFNM is an actively managed ETF.
- The fund invests in U.S. municipal bonds.
- DFNM holds a total of 1094 bonds.
- It targets the investment-grade intermediate-term segment of the municipal bond market.
- The ETF has an expense ratio of 0.00%.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 0.02% |
| 1 Week | 0.35% |
| 1 Month | 0.17% |
| 3 Months | -0.60% |
| 6 Months | 0.23% |
| YTD | 0.27% |
| 1 Year | 3.52% |
| 3 Years | 8.69% |
| 5 Years | — |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | E-470 CO 5.% 09/01/36 | N/A | — |
| 2 | FORT BEND 5.% 03/01/36 | N/A | — |
| 3 | E STROUDS 4.% 09/01/27 | N/A | — |
| 4 | CENTRL TE 5.% 01/01/29 | N/A | — |
| 5 | CHICHESTE 4.% 09/15/28 | N/A | — |
| 6 | ARKANSAS 5.% 09/01/30 | N/A | — |
| 7 | CLIFTON H 5.% 08/15/25 | N/A | — |
| 8 | CA ST UNI 5.% 11/01/33 | N/A | — |
| 9 | CA ST DEP 5.% 12/01/24 | N/A | — |
| 10 | GAINESVIL 5.% 02/15/35 | N/A | — |
Fund Profile
| Issuer | Dimensional |
|---|---|
| Brand | Dimensional |
| Asset Class | bond |
| Strategy | Active |
| Structure | ETF |
| Category | National Munis |
| Segment | Fixed Income: U.S. - Government, Local Authority/Municipal Investment Grade Intermediate |
| Region | North America |
| Index Tracked | ACTIVE - No Index |
| Inception Date | 2021-11-15 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | DFNM |
|---|---|
| Full Name | Dimensional National Municipal Bond ETF |
| Issuer | Dimensional |
| Asset Class | bond |
| Expense Ratio | 0.00% |
| AUM | $2.15B |
| Inception | 2021-11-15 |
| Index Tracked | ACTIVE - No Index |
Frequently Asked Questions
What does DFNM track?
DFNM (Dimensional National Municipal Bond ETF) tracks ACTIVE - No Index, a bond benchmark.
What is the expense ratio of DFNM?
DFNM has an expense ratio of 0.00% per year.
What is the AUM of DFNM?
DFNM has approximately $2.15B in assets under management.
Does DFNM pay a dividend?
DFNM distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues DFNM?
DFNM is issued by Dimensional, launched on 2021-11-15.
Open the interactive DFNM dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.