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Dimensional National Municipal Bond ETF
DFNM performance and flow charts
Performance
Flows
Historic performance and flows
Data as of July 16, 2026| 1M | 3M | YTD | 1Y | 3Y | 5Y | |
|---|---|---|---|---|---|---|
| Perf. | -0.16% | +0.30% | +1.18% | +4.71% | +9.32% | |
| Flows | +$70M | +$171M | +$319M | +$638M | +$1.35B | - |
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 | 803 |
| 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 May 31, 2026Diversification
Total weight of top 15 holdings out of 803
Top 15 Holdings
Sectors
Countries
Maturity
Credit rating
Trading data
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Volatility | +1.41% | +1.43% | +2.14% | |
Max drawdown | -0.75% | -1.79% | -2.92% | |
Max drawdown duration | 38d | 124d | 183d | N/A |
Time to recover | 10d | 99d | 147d | 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 July 16, 2026, DFNM manages $2.24 B, reflecting the total assets held in the fund.
How has DFNM performed recently?
As of July 16, 2026, DFNM delivered a return of -0.16% over the past month (1M performance), 0.3% over the past three months (3M), and 1.18% year-to-date (YTD).
What are the recent fund flows for DFNM?
As of July 16, 2026, DFNM has seen net flows of +$70M in the past month (1M flow) and +$319M year-to-date (YTD).
Does DFNM pay dividends?
As of July 16, 2026, DFNM has a trailing 12-month distribution yield of 2.95%.
How many holdings are in DFNM
As of May 31, 2026, DFNM holds 803 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 May 31, 2026, DFNM holds 803 securities, with 8.39% of its assets concentrated in its top 15 holdings.
What are the top holdings of DFNM?
As of May 31, 2026, DFNM holds a portfolio of 803 underlyings, with its largest positions including US44372ADV44, US115067MT41 and US434110XQ01. 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 May 31, 2026, DFNM has its largest geographic exposures in USA.
What sectors or themes does DFNM focus on?
As of May 31, 2026, DFNM is primarily exposed to Municipal.
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