Dimensional National Municipal Bond ETF DFNM
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Net expense ratio
- 0.17%
- Net assets
- $2.2B
- Holdings
- 1,200
- 12-month distribution yield
- 3.04%
- Asset class
- Fixed income
Dimensional National Municipal Bond ETF (DFNM) is an exchange-traded fund listed on NYSE Arca in the United States, issued by Dimensional. Its category is Fixed income · US (fixed income). Its last price was US$46.59 on 20 Oct 2026. Its net expense ratio is 0.17% a year, from its prospectus dated 28 Feb 2026. It reported net assets of US$2.24 billion as of 31 Jul 2026. Its latest holdings report lists 1,200 holdings as of 31 Jul 2026. Over the last 12 months it paid distributions of US$1.42 a unit, a 12-month distribution yield of 3.04%, paid monthly.
Fees
- Total annual operating expenses (gross)
- 0.18%
- Net, after fee waivers or reimbursements
- 0.17%
- Management fee
- 0.16%
- Prospectus date
- 28 Feb 2026
- Filed with the SEC
- 27 Feb 2026
Size and reporting
- Net assets
- $2,235,686,608
- Total assets
- $2,272,883,918
- Holdings as of
- 31 Jul 2026
- Report made public
- 24 Sep 2026 (55 days after the month end)
Top holdings
Largest 25 of 1,200 positions, as of 31 Jul 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | HUDSON CNTY N J COUNTY OF HUDSON NJ | US44372ADV44 | 0.81% | $18.1M | Debt | United States | USD |
| 2 | REVERE MASS CITY OF REVERE MA | US7614402T26 | 0.73% | $16.2M | Debt | United States | USD |
| 3 | SOMERVILLE MASS CITY OF SOMERVILLE MA | US835241NU07 | 0.68% | $15.1M | Debt | United States | USD |
| 4 | HOBOKEN N J CITY OF HOBOKEN NJ | US434110XQ01 | 0.68% | $15.1M | Debt | United States | USD |
| 5 | MANCHESTER N H CITY OF MANCHESTER NH | US562333SJ48 | 0.60% | $13.4M | Debt | United States | USD |
| 6 | MICHIGAN ST UNIV REVS MICHIGAN STATE UNIVERSITY | US594712ZC81 | 0.59% | $13.3M | Debt | United States | USD |
| 7 | MARYLAND ST STATE OF MARYLAND | US574193XG89 | 0.50% | $11.1M | Debt | United States | USD |
| 8 | NEW YORK ST TWY AUTH ST PERS INCOME TAX REV NEW YORK STATE THRUWAY AUTHORITY | US650028F992 | 0.50% | $11.1M | Debt | United States | USD |
| 9 | NEW MEXICO ST STATE OF NEW MEXICO | US647293TL32 | 0.49% | $11.0M | Debt | United States | USD |
| 10 | ORLANDO FLA UTILS COMMN UTIL SYS REV ORLANDO UTILITIES COMMISSION | US686507NU45 | 0.49% | $10.9M | Debt | United States | USD |
| 11 | FAIRFAX CNTY VA COUNTY OF FAIRFAX VA | US30382AMM17 | 0.49% | $10.9M | Debt | United States | USD |
| 12 | MIAMI-DADE CNTY FLA COUNTY OF MIAMI DADE FL | US59333FR362 | 0.47% | $10.5M | Debt | United States | USD |
| 13 | DANBURY CONN CITY OF DANBURY CT | US235866HU77 | 0.45% | $10.1M | Debt | United States | USD |
| 14 | COBB CNTY GA SCH DIST COBB COUNTY SCHOOL DISTRICT | US190819JY92 | 0.45% | $10.0M | Debt | United States | USD |
| 15 | WISCONSIN ST STATE OF WISCONSIN | US97705MU290 | 0.45% | $10.0M | Debt | United States | USD |
| 16 | MASSACHUSETTS ST COMMONWEALTH OF MASSACHUSETTS | US57582TBT88 | 0.44% | $9.9M | Debt | United States | USD |
| 17 | UNIVERSITY HOUSTON TEX UNIV REVS UNIVERSITY OF HOUSTON | US914302NA83 | 0.43% | $9.6M | Debt | United States | USD |
| 18 | MASSACHUSETTS ST COMMONWEALTH OF MASSACHUSETTS | US57582R4Y91 | 0.41% | $9.1M | Debt | United States | USD |
| 19 | WASHINGTON ST STATE OF WASHINGTON | US93974FBR38 | 0.39% | $8.8M | Debt | United States | USD |
| 20 | CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV CHARLOTTE MECKLENBURG HOSPITAL AUTHORITY THE | US160853UL92 | 0.39% | $8.8M | Debt | United States | USD |
| 21 | ALLEN CNTY OHIO HOSP FACS REV COUNTY OF ALLEN OH HOSPITAL FACILITIES REVENUE | US01757LDW37 | 0.39% | $8.7M | Debt | United States | USD |
| 22 | ENERGY NORTHWEST WASH ELEC REV | US29270CV933 | 0.38% | $8.6M | Debt | United States | USD |
| 23 | MIAMI-DADE CNTY FLA SCH DIST SCHOOL BOARD OF MIAMI DADE COUNTY THE | US59333RMS03 | 0.38% | $8.5M | Debt | United States | USD |
| 24 | MONTGOMERY CNTY MD COUNTY OF MONTGOMERY MD | US61334PGU12 | 0.38% | $8.5M | Debt | United States | USD |
| 25 | PAPILLION-LA VISTA NEB SCH DIST NO 27 SARPY CNTY PAPILLION LA VISTA SCHOOL DISTRICT NO 27 | US698873M371 | 0.38% | $8.5M | Debt | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Debt | 100.23% | |
| Short-term investment vehicles (cash funds) | 0.14% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 100.37% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 100.37% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $1.4180
- 12-month yield
- 3.04%
- Frequency
- Monthly
- Latest ex-date
- 22 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($1.4180) ÷ latest price ($46.59) × 100 = 3.04%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (57 payments)
| Ex-date | Amount per unit |
|---|---|
| 22 Sep 2026 | $0.1280 |
| 18 Aug 2026 | $0.1060 |
| 21 Jul 2026 | $0.1190 |
| 23 Jun 2026 | $0.1330 |
| 19 May 2026 | $0.1110 |
| 21 Apr 2026 | $0.0970 |
| 24 Mar 2026 | $0.1360 |
| 18 Feb 2026 | $0.1030 |
| 21 Jan 2026 | $0.0420 |
| 16 Dec 2025 | $0.2180 |
| 18 Nov 2025 | $0.1080 |
| 21 Oct 2025 | $0.1170 |
| 23 Sep 2025 | $0.1150 |
| 19 Aug 2025 | $0.1180 |
| 22 Jul 2025 | $0.1180 |
| 24 Jun 2025 | $0.1130 |
| 20 May 2025 | $0.1220 |
| 22 Apr 2025 | $0.1140 |
| 25 Mar 2025 | $0.1290 |
| 19 Feb 2025 | $0.0990 |
| 22 Jan 2025 | $0.0440 |
| 17 Dec 2024 | $0.2050 |
| 19 Nov 2024 | $0.1060 |
| 22 Oct 2024 | $0.1350 |
| 17 Sep 2024 | $0.0890 |
| 20 Aug 2024 | $0.1330 |
| 16 Jul 2024 | $0.1000 |
| 18 Jun 2024 | $0.0890 |
| 21 May 2024 | $0.1250 |
| 16 Apr 2024 | $0.1020 |
| 19 Mar 2024 | $0.0890 |
| 21 Feb 2024 | $0.1160 |
| 17 Jan 2024 | $0.0200 |
| 19 Dec 2023 | $0.1650 |
| 21 Nov 2023 | $0.0890 |
| 24 Oct 2023 | $0.1190 |
| 19 Sep 2023 | $0.0800 |
| 22 Aug 2023 | $0.0940 |
| 18 Jul 2023 | $0.0890 |
| 21 Jun 2023 | $0.0760 |
| 23 May 2023 | $0.0840 |
| 18 Apr 2023 | $0.0850 |
| 21 Mar 2023 | $0.0910 |
| 22 Feb 2023 | $0.1140 |
| 18 Jan 2023 | $0.0760 |
| 20 Dec 2022 | $0.0820 |
| 22 Nov 2022 | $0.0860 |
| 18 Oct 2022 | $0.0690 |
| 20 Sep 2022 | $0.0580 |
| 23 Aug 2022 | $0.0660 |
| 19 Jul 2022 | $0.0560 |
| 22 Jun 2022 | $0.0420 |
| 24 May 2022 | $0.0330 |
| 19 Apr 2022 | $0.0260 |
| 22 Mar 2022 | $0.0270 |
| 23 Feb 2022 | $0.0110 |
| 16 Dec 2021 | $0.0260 |
Filings and sources
- Form N-PORT report for July 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000073562) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- DFNM and BND Vanguard Total Bond Market ETF
- DFNM and AGG iShares Core U.S. Aggregate Bond ETF
- DFNM and VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares
- DFNM and BSV Vanguard Short-Term Bond ETF