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%
#838 of 5,861 · low cost
Fund Size
$703M
#1,360 of 5,861 · large
Dividend YieldGoal
2.73%
Track Record
3 years
#2,974 of 5,861 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,356+3.6%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 10.2% of fund✓ well diversified
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
94.3%
Cash
5.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
1.8%Low
Year-on-year price swings
Max drawdown
-3.3%Mild
Worst peak-to-trough loss
Sharpe (3Y)
-0.54Below average
Sortino (3Y)
-0.70Moderate downside risk
Bond profile
Duration
4.7 years
Avg maturity
10.6 years
Credit ratings
AAA
5.8%
AA
87.0%
A
7.0%
BBB
0.2%
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
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Data updated on 2026-08-04