DFCADimensional California Municipal Bond ETF
Seeks current income exempt from federal and California state personal income taxes.
By Dimensional Fund Advisors · Launched 2023
Annual Cost
0.19%
#870 of 6,040 · low cost
Fund Size
$723M
#1,388 of 6,040 · large
Return (1Y)
-0.0%
Track Record
3 years
#2,987 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$9,984-0.2%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 10.2% of funddiversified
State of California
1.6%
BERKELEY CALIF
1.2%
SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST
1.1%
SAN DIEGO CNTY CALIF
1.0%
LOS ANGELES CALIF UNI SCH DIST
1.0%
State of California
1.0%
SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST
0.9%
SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST
0.8%
LOS ANGELES CALIF UNI SCH DIST
0.8%
CALIFORNIA HEALTH FACS FING AUTH REV
0.8%
Asset allocation
Bonds
98.3%
Cash
1.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.0%Low
Year-on-year price swings
Max drawdown
-3.3%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.69Below average
Sortino (3Y)
-0.90Moderate downside risk
Bond profile
Duration
4.7 years
Avg maturity
10.5 years
Credit ratings
AAA
5.9%
AA
87.8%
A
6.1%
BBB
0.1%
BB
0.1%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks current income exempt from federal and California state personal income taxes.
- Strategy
- Actively manages a portfolio primarily invested in investment grade municipal securities issued by California state or local governments, focusing on tax-exempt income. The Portfolio may invest in various municipal securities and uses derivatives for interest rate hedging.
- Inception date
- June 26, 2023
- Fund family
- Dimensional Fund Advisors
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save DFCA to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18