DFNM Dimensional - National Municipal Bond ETF
Quote as of Oct 09, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 46.10 | Day Range | 46.16 – 46.27 |
| 52-Week Range | 45.70 – 48.87 | Volume | 885.24K |
| Avg Volume | 339.24K | AUM | $2.23B (Oct 10, 2026) |
| Expense Ratio | 0.18% | Yield (TTM) | 3.07% |
| NAV | 46.22 | Premium/Discount | -0.02% indicative |
| Inception | Nov 15, 2021 | Holdings | 1017 |
| Issuer | Dimensional | Exchange | AMEX |
| Category | Municipal Bonds | Index Tracked | Not stated in source data |
| CUSIP | 25434V849 | ISIN | US25434V8494 |
| Management | Not stated in source data | ||
About this ETF
This Portfolio primarily focuses on municipal bonds, committing a minimum of 80% of its net assets, under typical market conditions, to those generating interest income free from federal taxation. The fund’s dollar-weighted average duration is generally managed relative to its benchmark, the S&P Intermediate Term National AMT-Free Municipal Bond Index. Specifically, its duration will typically remain within a range of no more than half a year longer, and no less than one year shorter, than the benchmark’s average duration.
Description from the fund data provider · profile as of Oct 10, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | -1.87% | -4.19% | -4.25% | -4.07% | -3.87% | -0.21% | — | — | -1.67% |
| Total return | -1.87% | -3.95% | -3.33% | -2.57% | -1.47% | +2.50% | — | — | +0.55% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.18% | Annual cost of a $10,000 investment | $18.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 1186 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | CASH AND CASH EQUIVALENTS | — | 1.86% | 40.97M | $41.0M |
| 2 | HUDSON CO 4.% 02/24/27 | — | 0.82% | 18.00M | $18.0M |
| 3 | REVERE-BA 4.% 07/29/27 | — | 0.73% | 16.07M | $16.1M |
| 4 | OYSTER 4% 08/20/27 | — | 0.68% | 15.00M | $15.1M |
| 5 | SOMERVILL 4.% 05/28/27 | — | 0.68% | 15.00M | $15.0M |
| 6 | HOBOKEN-A 4.% 03/08/27 | — | 0.68% | 15.00M | $15.0M |
| 7 | MANCHESTE 4.% 11/12/26 | — | 0.61% | 13.34M | $13.3M |
| 8 | MICHIGAN 5.% 08/15/42 | — | 0.56% | 12.38M | $12.4M |
| 9 | MONMOUT 4% 07/15/27 | — | 0.52% | 11.40M | $11.4M |
| 10 | NEW MEXIC 5.% 03/01/27 | — | 0.50% | 10.87M | $10.9M |
| 11 | ORLANDO 5% 10/01/28 | — | 0.49% | 10.40M | $10.7M |
| 12 | FAIRFAX C 4.% 10/01/29 | — | 0.48% | 10.51M | $10.7M |
| 13 | MARYLAND 5.% 06/01/37 | — | 0.48% | 10.00M | $10.6M |
| 14 | NY ST THR 5.% 09/15/37 | — | 0.48% | 10.00M | $10.5M |
| 15 | MIAMI-DAD 5.% 07/01/28 | — | 0.47% | 10.05M | $10.3M |
| 16 | CHARLESTO 5.% 05/06/27 | — | 0.47% | 10.19M | $10.3M |
| 17 | HOUSTON-T 5.% 06/30/27 | — | 0.46% | 10.00M | $10.1M |
| 18 | DANBURY 4% 02/22/27 | — | 0.46% | 10.00M | $10.0M |
| 19 | COBB CO S 4.% 12/15/26 | — | 0.45% | 10.00M | $10.0M |
| 20 | WISCONSIN 5% 05/01/31 | — | 0.44% | 9.19M | $9.7M |
| 21 | UNIV OF H 5.% 02/15/30 | — | 0.43% | 9.00M | $9.4M |
| 22 | MASSACHUS 5.% 12/01/43 | — | 0.42% | 9.21M | $9.2M |
| 23 | MASSACHUS 5.00% 08/01/41 | — | 0.39% | 8.50M | $8.5M |
| 24 | MIAMI DAD 4.% 01/07/27 | — | 0.39% | 8.50M | $8.5M |
| 25 | ENERGY NW 5.% 07/01/28 | — | 0.39% | 8.39M | $8.5M |
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Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 3.07% | Paid (last 12 months) | $1.4180 |
| Frequency | Monthly | SEC yield | Not provided by our data source; see the issuer page |
| Last ex-date | Sep 22, 2026 | Last payment | $0.1279 (Sep 24, 2026) |
| Growth 1Y | +0.03% | Growth 3Y / 5Y (ann.) | +11.42% / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Sep 22, 2026 | Sep 22, 2026 | Sep 24, 2026 | $0.1279 |
| Aug 18, 2026 | Aug 18, 2026 | Aug 20, 2026 | $0.1065 |
| Jul 21, 2026 | Jul 21, 2026 | Jul 23, 2026 | $0.1186 |
| Jun 23, 2026 | Jun 23, 2026 | Jun 25, 2026 | $0.1330 |
| May 19, 2026 | May 19, 2026 | May 21, 2026 | $0.1110 |
| Apr 21, 2026 | Apr 21, 2026 | Apr 23, 2026 | $0.0975 |
| Mar 24, 2026 | Mar 24, 2026 | Mar 26, 2026 | $0.1361 |
| Feb 18, 2026 | Feb 18, 2026 | Feb 20, 2026 | $0.1025 |
| Jan 21, 2026 | Jan 21, 2026 | Jan 23, 2026 | $0.0419 |
| Dec 16, 2025 | Dec 16, 2025 | Dec 18, 2025 | $0.2182 |
| Nov 18, 2025 | Nov 18, 2025 | Nov 20, 2025 | $0.1082 |
| Oct 21, 2025 | Oct 21, 2025 | Oct 23, 2025 | $0.1167 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 2.22% / 2.48% | Sharpe 1Y / 3Y | -2.48 / -0.608 |
| Max drawdown 1Y / 3Y | -5.10% / -5.10% | Sortino 1Y | -3.10 |
| Beta vs S&P 500 (3Y) | 0.016 | Correlation vs S&P 500 (1Y) | 0.236 |
| Downside deviation 1Y | 1.78% | Risk-free rate used | 4.05% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Oct 10, 2026. Formulas →
Liquidity
| Volume today | 885.24K | Average volume | 339.24K |
| AUM | $2.23B | Premium/Discount | -0.02% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV: an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $46.6M | +2.13% | $2.19B → $2.23B |
| 1 Month | -$12.2M | -0.54% | $2.28B → $2.23B |
| 1 Week | $11.7M | +0.53% | $2.22B → $2.23B |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source; review them before investing.
Latest News for DFNM
No articles mention this fund directly in the last 7 days; showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.