DFNMDimensional National Municipal Bond ETF

Get income4y track recordRanked #222 of 1,622 in this goal

Seeks current income exempt from federal personal income tax.

By Dimensional Fund Advisors · Launched 2021

Annual Cost

0.17%

#834 of 5,562 · low cost

Fund Size

$2.1B

#723 of 5,562 · large

Dividend YieldGoal

2.90%

Track Record

4 years

#2,545 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,506+5.1%

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

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 6.4% of fund✓ well diversified

BROWARD CNTY FLA SCH DIST

0.9%

SUFFOLK CNTY N Y

0.8%

MICHIGAN ST UNIV REVS

0.7%

MANCHESTER N H

0.7%

LOUISVILLE & JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV

0.6%

MARYLAND ST

0.6%

NEW MEXICO ST

0.6%

FAIRFAX CNTY VA

0.6%

MIAMI-DADE CNTY FLA

0.5%

WISCONSIN ST

0.5%

Asset allocation

Bonds

91.8%

Cash

8.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.7%Low

Year-on-year price swings

Max drawdown

-7.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)

-0.13Below average

Sortino (3Y)

-0.17Moderate downside risk

Bond profile

Duration

4.8 years

Avg maturity

10.6 years

Credit ratings

AAA

22.3%

63.1%

13.0%

BBB

1.6%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks current income exempt from federal personal income tax.
Strategy: Invests primarily in investment grade municipal securities, including revenue and general obligation bonds, to provide tax-exempt income. The fund is actively managed and does not track a specific index.
Inception date: November 15, 2021
Fund family: Dimensional Fund Advisors