DFNM

Dimensional National Municipal Bond ETF
*Unless otherwise stated, data provided by FactSet.

DFNM Fund Description

DFNM is an actively managed ETF that provides exposure to intermediate-term, investment-grade municipal bonds that are exempt from federal income tax.

DFNM Factset Analytics Insight

DFNM actively manages a portfolio of investment-grade municipal bonds that are exempt from federal income tax. The AMT-free bonds could include revenue bonds, general obligation bonds, industrial development bonds, municipal lease obligations, commercial paper, variable rate demand obligations, and other instruments issued in the United States and its affiliates. The portfolio is expected to maintain the average duration close to the fund’s benchmark, the S&P Intermediate Term National AMT-Free Municipal Bond Index. The fund’s assets may be invested in industrial development bonds or finance projects, such as health care, housing, education, utilities, and transportation. The fund may also invest in futures contracts and options to hedge its interest rate exposure.

PERFORMANCE [as of 08/03/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DFNM 1.50% 2.67% -2.65% -- -- -- --
DFNM (NAV) 1.58% 2.70% -2.59% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
Bloomberg Barclays Municipal Intermediate (5-10 Y) 2.43% 3.85% -4.49% -5.13% 0.55% 1.80% 2.32%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DFNM Summary Data

Dimensional
11/15/21
Open-Ended Fund
0.18%
$393.45M
$5.06M
0.05%

DFNM Portfolio Data

3.08
--
2.21%
09/20/22
526

DFNM Index Data

No Underlying Index
Proprietary
Proprietary
Bloomberg Barclays Municipal Intermediate (5-10 Y)

DFNM Portfolio Management

0.18%
--
--
--

DFNM Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

DFNM Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

DFNM Factset Analytics Block Liquidity

As of 08/04/22
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DFNM. DFNM is rated a N/A out of 5.

DFNM Tradability

104,988
$5.06M
79,083
$3.80M
0.05%
$0.03
0.12%
0.39% / -0.23%
None
100.00%
50,000
1.58
--
--
0
$48.82
N/A

DFNM Sector/Industry Breakdown


DFNM
Segment Benchmark
63.37%
--
28.55%
--
3.52%
--
2.39%
--
0.78%
--
0.60%
--
0.30%
--
0.25%
--
0.14%
--
0.09%
--

DFNM Top 10 Holdings[View All]

2.39%
1.48%
1.36%
1.26%
1.15%
1.14%
1.12%
1.08%
0.95%
0.86%
12.80%

DFNM Top 5 Countries


DFNM
Segment Benchmark
100.00%
--

DFNM Top 5 Currencies


DFNM
Segment Benchmark
100.00%
--

DFNM Performance Statistics

0.89
0.63
--
--
--

DFNM Holdings Statistics

3.43 years
3.08
2.21%
3.10
Medium
526
0.19%

DFNM Avg Life Maturity Distribution

12.28%
3.94%
17.85%
48.15%
15.00%
1.77%
0.70%
0.31%
--

DFNM OAS Breakdown

99.71%
0.29%
--
--
--
--
--
--
--
--
--

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.