DFNM
Dimensional National Municipal Bond ETF·ARCA
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Key Stats
Assets Under Management
2.01BUSD
Fund Flows (1Y)
488.04MUSD
Dividend Yield
2.90%
Discount/Premium to NAV
0.13%
Shares Outstanding
41.30M
Expense Ratio
0.17%
About Dimensional National Municipal Bond ETF
Issuer
Dimensional
Brand
Dimensional
Inception Date
Nov 15, 2021
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Dimensional Fund Advisors LP
Distributor
DFA Securities LLC
DFNM actively manages a portfolio of investment-grade municipal bonds that are exempt from federal income tax. The AMT-free bonds could include revenue bonds, general obligation bonds, industrial development bonds, municipal lease obligations, commercial paper, variable rate demand obligations, and other instruments issued in the United States and its affiliates. The portfolio is expected to maintain the average duration close to the fund's benchmark, the S&P Intermediate Term National AMT-Free Municipal Bond Index. The fund's assets may be invested in industrial development bonds or finance projects, such as health care, housing, education, utilities, and transportation. The fund may also invest in futures contracts and options to hedge its interest rate exposure.
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Intermediate
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.64% | +0.77% | +0.87% | +1.10% | +0.43% | -3.15% |
NAV Total Return | +0.85% | +1.67% | +1.06% | +4.20% | +8.93% | +0.01% |
Ratings
No data is currently available
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Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
BROWARD C 4.% 06/25/26
0.86%
SUFFOLK 4% 07/24/26
0.76%
MICHIGAN 5.% 08/15/42
0.69%
MANCHESTE 4.% 11/12/26
0.68%
LOUISVILL VRN 10/01/53
0.63%
MARYLAND 5.% 06/01/37
0.59%
NEW MEXIC 5.% 03/01/27
0.56%
FAIRFAX C 4.% 10/01/29
0.56%
MIAMI-DAD 5.% 07/01/28
0.54%
WISCONSIN 5% 05/01/31
0.53%
Top 10 Weight 6.42%
1089 Total Holdings
Is SPY better than DFNM?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-01-21 | 2026-01-21 | 2026-01-23 | 0.042 |
| 2025-12-16 | 2025-12-16 | 2025-12-18 | 0.218 |
| 2025-11-18 | 2025-11-18 | 2025-11-20 | 0.108 |
| 2025-10-21 | 2025-10-21 | 2025-10-23 | 0.117 |
| 2025-09-23 | 2025-09-23 | 2025-09-25 | 0.115 |
| 2025-08-19 | 2025-08-19 | 2025-08-21 | 0.118 |
| 2025-07-22 | 2025-07-22 | 2025-07-24 | 0.118 |
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How Much Does DFNM Pay in Dividends?
Premium/Discount Chart
Assets Under Management
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Fund Flows
