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)

1,200 holdings as of 2026-07-31 · top 10 = 6.0% · TER 0.17%

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Concentration
Well diversifiedtop 10 = 6.0%
diversifiedconcentrated
GROWTH · PRICE DEVELOPMENTrebased to 0%
Holdings
1,200
as of 2026-07-31
Top 10
6.0%
TER
0.17%
cheaper than 69% of peers
Net assets
US$2.24B
Largest
0.8%
P / E
–
Sections
Holdings as of 2026-07-31.
01Overview
the fund's regulatory facts
Fund currency
USD
First listed
2021-11-15
Volatility 1Y
2.5%
Tracked index
S&P Intermediate Term National AMT-Free Municipal Bond Index
How it tracks
Actively managed
02Performance
market price return · as of 2026-10-16
1M
-0.1%
3M
-2.9%
6M
-3.5%
YTD
-3.0%
1Y
-3.3%
03Holdings
50 largest · as of 2026-07-31
#CompanyIdentifierWeight
1County of Hudson NJ USUS44372ADV44
0.8
2REVERE MASS USUS7614402T26
0.7
3SOMERVILLE MASS USUS835241NU07
0.7
4HOBOKEN N J USUS434110XQ01
0.7
5MANCHESTER N H USUS562333SJ48
0.6
6MICHIGAN ST UNIV REVS USMISHGR
0.6
7MARYLAND ST USUS574193XG89
0.5
8NEW YORK ST TWY AUTH ST PERS INCOME TAX REV USUS650028F992
0.5
9NEW MEXICO ST USUS647293TL32
0.5
10ORLANDO FLA UTILS COMMN USUS686507NU45
0.5
11County of Fairfax VA USUS30382AMM17
0.5
12MIAMI-DADE CNTY FLA USUS59333FR362
0.5
13City of Danbury CT USUS235866HU77
0.4
14COBB CNTY GA SCH DIST USUS190819JY92
0.4
15WISCONSIN ST USUS97705MU290
0.4
16Massachusetts (Commonwealth of) USUS57582TBT88
0.4
17UNIVERSITY HOUSTON TEX UNIV REVS USUS914302NA83
0.4
18MASSACHUSETTS ST USUS57582R4Y91
0.4
19WASHINGTON ST USUS93974FBR38
0.4
20CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV USUS160853UL92
0.4
21ALLEN CNTY OHIO HOSP FACS REV USUS01757LDW37
0.4
22Energy Northwest (No. 3) USUS29270CV933
0.4
23MIAMI-DADE CNTY FLA SCH DIST USUS59333RMS03
0.4
24MONTGOMERY CNTY MD USUS61334PGU12
0.4
25PAPILLION-LA VISTA NEB SCH DIST NO 27 SARPY CNTY USUS698873M371
0.4
26New York State Dormitory Authority USNYSHGR
0.4
27MIAMI-DADE CNTY FLA SCH DIST USUS59333RLC69
0.4
28Connecticut State Health & Educational Facilities Authority USUS20775DTU62
0.4
29UNIVERSITY TEX UNIV REVS USUS91514ALH67
0.3
30New York State Dormitory Authority USUS64990AKB07
0.3
31MONTGOMERY CNTY MD USUS61334PGT49
0.3
32WASHINGTON ST HEALTH CARE FACS AUTH REV USUS93978HC949
0.3
33New York (State of) Dormitory Authority USUS64990AJW62
0.3
34GRAND PRAIRIE TEX INDPT SCH DIST USUS386155HZ16
0.3
35MESA CNTY COLO VY SCH DIST NO 051 GRAND JUNCTION USUS590621LW65
0.3
36NANTUCKET MASS USUS6301916Q23
0.3
37NORFOLK VA USUS655867S678
0.3
38SALES TAX SECURITIZATION CORP ILL USUS79467BJR78
0.3
39MARICOPA CNTY ARIZ UNI SCH DIST NO 80 CHANDLER USUS567389C583
0.3
40Charlotte-Mecklenburg Hospital Authority (The) USUS160853UN58
0.3
41MASSACHUSETTS BAY TRANSN AUTH MASS SALES TAX REV USUS5755792Y20
0.3
42New York (State of) Dormitory Authority (Bidding Group 3) USUS64990AHX63
0.3
43ESSEX CNTY N J IMPT AUTH LEASE REV USUS296807MN73
0.3
44PHILADELPHIA PA AUTH USUS717901CC45
0.3
45UNIVERSITY TEX UNIV REVS USUS91514APN99
0.3
46HAWAII ST USUS419792MM53
0.3
47MONTGOMERY CNTY MD USUS61334PHT30
0.3
48MONTGOMERY CNTY MD USUS61334PHU03
0.3
49METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN USUS592112WU66
0.3
50UNIVERSITY KANS HOSP AUTH HEALTH FACS REV USUS914367KE68
0.3
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04Exposure
Bonds 99.5%
By country
USUnited States100.4%
CurrencyUSD 100.4%

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