DFCA
Dimensional California Municipal Bond ETF·NYSE
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Key Stats
Assets Under Management
649.89MUSD
Fund Flows (1Y)
244.92MUSD
Dividend Yield
2.68%
Discount/Premium to NAV
0.13%
Shares Outstanding
12.90M
Expense Ratio
0.19%
About Dimensional California Municipal Bond ETF
Issuer
Dimensional
Brand
Dimensional
Inception Date
Jun 26, 2023
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
DFCA provides current income by holding various municipal securities whose interest is exempt from federal and California state income tax. The portfolio is a collection of intermediate-term bearing municipals rated as investment grade, including revenue bonds, general obligation bonds, industrial development bonds, municipal lease obligations, commercial paper, municipal custody receipts, and variable rate demand obligations. Munis are issued often for public purposes, and in certain segments like health care, housing, education, utilities, and transportation, more than 25% of the portfolio may be comprised of such. Investments may also include municipal-based ETFs and money market funds, as well as derivatives such as futures and options contracts, interest rate swaps, and CDS to hedge interest rates. The fund attempts to maintain a dollar-weighted average duration that is no more than six months above but not one year below its benchmark's average duration.
Classification
Asset Class
Fixed Income
Category
Government, Local Authority/Municipal
Focus
Investment Grade
Niche
Intermediate
Strategy
Active
Geography
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Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.62% | +0.78% | +0.92% | +0.74% | +1.02% | +1.02% |
NAV Total Return | +0.80% | +1.57% | +0.99% | +3.50% | +0.03% | +0.03% |
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
BAY AREA VRN 04/01/55
2.50%
UNIV CA R VRN 05/15/45
1.77%
CALIFORNI 5.% 04/01/35
1.75%
LOS ANG 5% 06/30/26
1.38%
BERKELEY 4% 07/28/26
1.24%
SAN FRA 5% 08/01/28
1.19%
SAN DIEGO 5.% 06/30/26
1.10%
LOS ANGEL 5.% 07/01/30
1.06%
CALIFORNI 5.% 10/01/42
1.02%
LOS ANGEL 5.% 06/25/26
0.98%
Top 10 Weight 13.99%
420 Total Holdings
Is SPY better than DFCA?
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2026-01-21 | 2026-01-21 | 2026-01-23 | 0.038 |
| 2025-12-16 | 2025-12-16 | 2025-12-18 | 0.211 |
| 2025-11-18 | 2025-11-18 | 2025-11-20 | 0.103 |
| 2025-10-21 | 2025-10-21 | 2025-10-23 | 0.117 |
| 2025-09-23 | 2025-09-23 | 2025-09-25 | 0.111 |
| 2025-08-19 | 2025-08-19 | 2025-08-21 | 0.117 |
| 2025-07-22 | 2025-07-22 | 2025-07-24 | 0.115 |
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How Much Does DFCA Pay in Dividends?
Premium/Discount Chart
Assets Under Management
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Fund Flows
