ETF Trace

Fund report

US-listed

DFNM

to seek to provide current income that is expected to be exempt from federal personal income tax
Dimensional National Municipal Bond ETF
Dimensional (DFA)

1,147 holdings as of 2026-04-30 · top 10 = 6.5% · TER 0.17%

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Concentration
Well diversifiedtop 10 = 6.5%
diversifiedconcentrated
GROWTH · PRICE DEVELOPMENTrebased to 0%
Holdings
1,147
as of 2026-04-30
Top 10
6.5%
TER
0.17%
cheaper than 69% of peers
Net assets
US$2.10B
Largest
0.9%
P / E
–
Sections
Holdings as of 2026-04-30.
01Overview
the fund's regulatory facts
Fund currency
USD
First listed
2021-11-15
Volatility 1Y
2.2%
Tracked index
S&P Intermediate Term National AMT-Free Municipal Bond Index
How it tracks
Actively managed
02Performance
market price return · as of 2026-09-02
1M
-0.8%
3M
-2.0%
6M
-2.6%
YTD
-1.8%
1Y
-0.2%
03Holdings
50 largest · as of 2026-04-30
#CompanyIdentifierWeight
1County of Hudson NJ USUS44372ADV44
0.9
2BROWARD CNTY FLA SCH DIST USUS115067MT41
0.8
3HOBOKEN N J USUS434110XQ01
0.7
4SUFFOLK CNTY N Y USUS86476PU484
0.7
5MICHIGAN ST UNIV REVS USMISHGR
0.6
6MANCHESTER N H USUS562333SJ48
0.6
7MARYLAND ST USUS574193XG89
0.5
8NEW MEXICO ST USUS647293TL32
0.5
9County of Fairfax VA USUS30382AMM17
0.5
10MIAMI-DADE CNTY FLA USUS59333FR362
0.5
11WISCONSIN ST USUS97705MU290
0.5
12Colorado State Education Loan Program USUS19672MDH88
0.5
13City of Danbury CT USUS235866HU77
0.5
14COBB CNTY GA SCH DIST USUS190819JY92
0.5
15UNIVERSITY HOUSTON TEX UNIV REVS USUS914302NA83
0.5
16MASSACHUSETTS ST USUS57582R4Y91
0.4
17WASHINGTON ST USUS93974FBR38
0.4
18MONTGOMERY CNTY MD USUS61334PGU12
0.4
19MIAMI-DADE CNTY FLA SCH DIST USUS59333RLC69
0.4
20New York State Dormitory Authority USNYSHGR
0.4
21PAPILLION-LA VISTA NEB SCH DIST NO 27 SARPY CNTY USUS698873M371
0.4
22Energy Northwest (No. 3) USUS29270CV933
0.4
23MONTGOMERY CNTY MD USUS61334PGT49
0.4
24YORK CNTY S C SCH DIST NO 1 YORK USUS986489KB70
0.4
25EAST BRUNSWICK TWP N J USUS271281B631
0.4
26UNIVERSITY TEX UNIV REVS USUS91514ALH67
0.4
27New York State Dormitory Authority USUS64990AKB07
0.4
28MESA CNTY COLO VY SCH DIST NO 051 GRAND JUNCTION USUS590621LW65
0.4
29WASHINGTON ST HEALTH CARE FACS AUTH REV USUS93978HC949
0.4
30SALES TAX SECURITIZATION CORP ILL USUS79467BJR78
0.4
31NORFOLK VA USUS655867S678
0.4
32PINELLAS CNTY FLA SCH DIST USUS723204AX10
0.4
33CHARLOTTE-MECKLENBURG NC HOSP USUS160853MS38
0.3
34New York (State of) Dormitory Authority (Bidding Group 3) USUS64990AHX63
0.3
35ESSEX CNTY N J IMPT AUTH LEASE REV USUS296807MN73
0.3
36MONTGOMERY CNTY MD USUS61334PHT30
0.3
37MONTGOMERY CNTY MD USUS61334PHU03
0.3
38HAWAII ST USUS419792MM53
0.3
39METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN USUS592112WU66
0.3
40FAIRFAX CNTY VA USUS30382ANA69
0.3
41Massachusetts (Commonwealth of) USUS57582RY672
0.3
42MADISON WIS USUS55844RWR10
0.3
43Harris County Cultural Education Facilities Finance Corp USUS414009UD05
0.3
44LOUISVILLE & JEFFERSON CNTY KY METRO GOVT USUS546585VP27
0.3
45CHICAGO ILL O HARE INTL ARPT REV USCHITRN
0.3
46Board of Regents of the University of Texas System USUS91514APD18
0.3
47City of New York USUS64966LU414
0.3
48FORT COLLINS COLO ELEC UTIL ENTERPRISE REV USUS34710RCG39
0.3
49QUINCY MASS USUS748508Y931
0.3
50GREATER TEXOMA UTIL AUTH TEX CONTRACT REV USUS39239MDZ23
0.3
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04Exposure
Bonds 99.5%
By country
USUnited States99.6%
CurrencyUSD 99.6%

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