DFNM
·ARCA
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Key Stats
Assets Under Management
1.93BUSD
Fund Flows (1Y)
405.69MUSD
Dividend Yield
2.94%
Discount/Premium to NAV
0.12%
Shares Outstanding
39.80M
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 | -0.02% | +0.48% | +0.73% | +0.86% | +0.80% | -4.08% |
NAV Total Return | +0.23% | +1.03% | +3.60% | +3.91% | +9.37% | +0.01% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
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
CASH AND CASH EQUIVALENTS
1.03%
BROWARD C 4.% 06/25/26
0.90%
SUFFOLK 4% 07/24/26
0.79%
MANCHESTE 4.% 11/12/26
0.71%
MICHIGAN 5.% 08/15/42
0.71%
MARYLAND 5.% 06/01/37
0.61%
FAIRFAX C 4.% 10/01/29
0.58%
MIAMI-DAD 5.% 07/01/28
0.56%
WISCONSIN 5% 05/01/31
0.54%
MASSACHUS 5.00% 08/01/41
0.49%
Top 10 Weight 6.92%
1106 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 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 |
| 2025-06-24 | 2025-06-24 | 2025-06-26 | 0.113 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
