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About Dimensional National Municipal Bond ETF
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Inception date
Nov 15, 2021
Structure
Open-Ended Fund
Replication method
Physical
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
ISIN
US25434V8494
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 funds benchmark, the S&P Intermediate Term National AMT-Free Municipal Bond Index. The funds 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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal99.83%
Cash0.17%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DFNM last dividends amounted to 0.12 USD. The month before, the issuer paid 0.12 USD in dividends, which shows a 0.18% increase.
DFNM assets under management is 1.64 B USD. It's fallen 0.01% over the last month.
DFNM fund flows account for 321.42 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DFNM pays dividends to its holders with the dividend yield of 2.86%. The last dividend (Aug 21, 2025) amounted to 0.12 USD. The dividends are paid monthly.
DFNM shares are issued by Dimensional Holdings, Inc. under the brand Dimensional. The ETF was launched on Nov 15, 2021, and its management style is Active.
DFNM expense ratio is 0.17% meaning you'd have to pay 0.17% of your investment to help manage the fund.
DFNM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DFNM invests in bonds.
DFNM price has risen by 0.06% over the last month, and its yearly performance shows a −1.66% decrease. See more dynamics on DFNM price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.20% increase in three-month performance and has increased by 0.07% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.20% increase in three-month performance and has increased by 0.07% in a year.
DFNM trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.