DFCADimensional California Municipal Bond ETF

Get income2y track recordRanked #393 of 1,622 in this goal

Seeks to provide current income that is expected to be exempt from federal personal income tax and California state personal income taxes.

By Dimensional Fund Advisors · Launched 2023

Annual Cost

0.19%

#957 of 5,562 · low cost

Fund Size

$686M

#1,336 of 5,562 · large

Dividend YieldGoal

2.70%

Track Record

2 years

#3,051 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,492+4.9%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

What it actually holds

By weight

Concentration

Top 10 holdings = 13.6% of fund✓ well diversified

BAY AREA TOLL AUTH CALIF TOLL BRDG REV

2.2%

UNIV CALIF REGTS MED CTR POOLED REV

1.8%

State of California

1.7%

LOS ANGELES CNTY CALIF

1.4%

BERKELEY CALIF

1.2%

SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST

1.2%

SAN DIEGO CNTY CALIF

1.1%

LOS ANGELES CALIF UNI SCH DIST

1.1%

State of California

1.0%

SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST

1.0%

Asset allocation

Bonds

92.3%

Cash

7.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.7%Low

Year-on-year price swings

Max drawdown

-3.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.7 years

Avg maturity

10.6 years

Credit ratings

AAA

5.4%

87.0%

7.5%

BBB

0.1%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to provide current income that is expected to be exempt from federal personal income tax and California state personal income taxes.
Strategy: Invests primarily in investment grade municipal securities exempt from federal and California state personal income taxes. The Portfolio will invest at least 80% of its net assets in such securities, including revenue bonds, general obligation bonds, and other instruments issued by California governments.
Inception date: June 26, 2023
Fund family: Dimensional Fund Advisors