DFNM

Dimensional National Municipal Bond ETF

Fixed Income

Dimensional

$48.26

-0.04%

Volume: 203,558

Updated Apr 10, 4:00 PM

$48.26

-0.04%

Volume: 203,558

Apr 10, 4:00 PM

Overview

DFNM is an actively managed municipal bond ETF focused on intermediate-term, investment-grade U.S. muni debt where interest is intended to be exempt from regular federal income tax. The portfolio is built from a broad mix of AMT-free municipal securities (including revenue and general obligation bonds) and is run to keep interest-rate sensitivity (duration) close to an intermediate national muni benchmark.

Real Talk

You own a basket of investment-grade loans made to U.S. states, cities, and local projects, packaged into an ETF. The interest from those bonds is designed to be federally tax-exempt, though state/local taxes can still apply.

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Kai Intelligence

AI-powered ETF analysis

Overall Kai Assessment

Cost Efficiency

Portfolio Quality

B+

Tradability

A-

Investor Value

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Issuer Information

See all ETFs from Dimensional

ETF Factsheet

AUM

$2.1B

Asset Class

Fixed Income

Inception

11/15/2021

Expense Ratio

0.17%

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ETF Details

Geography

U.S.

Management

Active

Portfolio Breakdown

Top 10 Securities

Showing the largest holdings by weight in DFNM

Issue Name	ISIN	ETF Weight	Market Value
HUDSON CO 4.% 02/24/27	US44372ADV44	0.86%	$18.2M
BROWARD C 4.% 06/25/26	US115067MT41	0.81%	$17.1M
HOBOKEN-A 4.% 03/08/27	US434110XQ01	0.72%	$15.2M
SUFFOLK 4% 07/24/26	US86476PU484	0.71%	$15.1M
LOUISVILL VRN 10/01/53	US54659LDC54	0.65%	$13.8M
MICHIGAN 5.% 08/15/42	US594712ZC81	0.64%	$13.6M
MANCHESTE 4.% 11/12/26	US562333SJ48	0.64%	$13.5M
MD HLTH & VRN 06/01/46	US57421CGC29	0.56%	$11.8M
MARYLAND 5.% 06/01/37	US574193XG89	0.54%	$11.5M
NEW MEXIC 5.% 03/01/27	US647293TL32	0.52%	$11.1M