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Dimensional National Municipal Bond ETF
DFNM performance and flow charts
Performance
Flows
Historic performance and flows
Data as of October 13, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -0.76% | -2.93% | -1.58% | -0.61% | +8.48% | |
| Flows | +$5M | +$88M | +$395M | +$612M | +$1.32B | - |
Characteristics
This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
| Management strategy | Active |
| Strategy | Long Only |
| Provider | Dimensional |
| N° of holdings | 1198 |
| Dividend policy | Distributing |
Trailing 12m distribution yield | Join for free |
| Inception date | November 15, 2021 |
| ESG | No |
More data and info about DFNM on Trackinsight
Exposure
Data as of August 31, 2026Diversification
Total weight of top 15 holdings out of 1,198
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Similar ETFs
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +3.41% | +2.14% | +2.30% | |
Max drawdown | -4.30% | -4.56% | -4.56% | |
Max drawdown duration | 92d | 99d | 99d | N/A |
Time to recover | N/A | N/A | N/A | N/A |
What type of ETF is DFNM?
DFNM is a Active ETF that provides exposure to Fixed Income assets. It is managed by Dimensional.
What does DFNM invest in?
This ETF provides exposure to US Investment Grade Municipal Bonds. It is part of the segment: Municipal Bonds.
What is the expense ratio of DFNM?
The total expense ratio (TER) of DFNM is 0.18%, representing the annual fee charged by the fund manager.
When was DFNM launched?
DFNM was launched on November 15, 2021, marking its entry into the ETF market.
Who is the issuer of DFNM?
DFNM is issued by Dimensional.
What is the AUM of DFNM?
As of October 13, 2026, DFNM manages $2.24 B, reflecting the total assets held in the fund.
How has DFNM performed recently?
As of October 13, 2026, DFNM delivered a return of -0.76% over the past month (1M performance), -2.93% over the past three months (3M), and -1.58% year-to-date (YTD).
What are the recent fund flows for DFNM?
As of October 13, 2026, DFNM has seen net flows of +$5M in the past month (1M flow) and +$395M year-to-date (YTD).
Does DFNM pay dividends?
As of October 13, 2026, DFNM has a trailing 12-month distribution yield of 3.06%.
How many holdings are in DFNM
As of August 31, 2026, DFNM holds 1198 securities in its portfolio. This level of diversification can influence the fund’s risk profile and exposure to individual assets.
How diversified is DFNM?
As of August 31, 2026, DFNM holds 1198 securities, with 8.59% of its assets concentrated in its top 15 holdings.
What are the top holdings of DFNM?
As of August 31, 2026, DFNM holds a portfolio of 1198 underlyings, with its largest positions including County of Hudson, 4% 24feb2027, USD (2026), Revere, 4% 29jul2027, USD and US692160VQ47. These top holdings play a significant role in shaping the fund’s performance and exposure.
What countries or regions does DFNM invest in?
As of August 31, 2026, DFNM has its largest geographic exposures in USA.
What sectors or themes does DFNM focus on?
As of August 31, 2026, DFNM is primarily exposed to Municipal.
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