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DFCA ETF · Dimensional California Municipal Bond ETF
The DFCA Exchange Traded Fund (ETF) is provided by Dimensional. This fund is actively managed; it does not track an index. This share class generates a stream of income by distributing dividends.
Last update Today at 6:03 PM UTC
LIVE
CLOSED
This fund is part ofMunicipal Bonds1M perf.-0.27%
Last price
$50.16
-0.06%
1M perf.
-0.31%
1M flows
+€14M
AuM
€580M
E/R
0.22%
Rating
Not rated
ESG Consensus®
DFCA
$50.16
-0.06%
Performance & flows
Segment for quartile rank
January 8, 2026 → April 8, 2026
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DFCA
$50.08
+0.28%
Municipal Bonds
+0.27%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.31%  | +0.28% | +5.57%  | N/A | N/A | +0.58% | +0.58% | +0.70% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
4/8/2026
$50.09
1D NAV change
+0.32%
Dividend policy
No. of holdings
311
Inception date
6/27/2023
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The investment objective of the Dimensional California Municipal Bond ETF (the “California Municipal Bond ETF” or “Portfolio”) is to seek to provide current income that is expected to be exempt from federal personal income tax and California state personal income taxes.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +0.28% | +5.57% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
USA
74.40%
Unavailable
25.60%
Sectors
Municipal
22.82%
Unavailable
77.18%
Diversification
Total weight of top 15 holdings out of 311
Top 15 holdings
Data as of February 28, 2026
California, 5% 1apr2035, USD
US544657JC42
US797661G257
US544647HM52
California, 5% 1oct2042, USD
US797661D510
US544351SF70
US797661F424
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US544647JH40
US797356SV53
US13032UN538
US913366KP43
US54466HDW34
US13063EMY94
US79765GDE08
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Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Issuer
Dimensional
Dimensional ID Card
Number of funds
52
Total AuM
€232.64B
Expense ratio range
0.09% - 0.648%
Average expense ratio
0.2833%
Top 5 funds by Dimensional
| AuM | ||
|---|---|---|
DFAC | Dimensional U.S. Core Equity 2 ETF | €36.45B |
DFIV | DIMENSIONAL International Value ETF | €16.26B |
DFUS | Dimensional US Equity ETF | €15.85B |
DFAI | Dimensional International Core Equity Market ETF | €13.27B |
DFUV | Dimensional US Marketwide Value ETF | €11.87B |
Frequently asked questions about DFCA
What does Dimensional California Municipal Bond ETF, DFCA, invest in?
DFCA is a Active ETF. This ETF provides exposure to US Investment Grade Municipal Bonds.
What is the Total Expense ratio (TER) of DFCA?
DFCA carries a total expense ratio (TER) of 0.22%, indicating the annual cost for holding the fund.
When was DFCA launched?
DFCA was introduced to the market on June 27, 2023. It trades on United States
Who is the ETF issuer of DFCA?
Dimensional California Municipal Bond ETF, DFCA, is provided by Dimensional. Learn more about Dimensional here.
What is the current assets under management (AUM) of DFCA?
DFCA oversees €580M in assets as of April 8, 2026.
How has DFCA performed lately?
Based on data from April 8, 2026, DFCA returned -0.31% over the past month, 0.28% over the last three months and 0.70% year-to-date.
What are the latest inflows or outflows for DFCA?
As of April 8, 2026, DFCA recorded net flows of +€14M over the last month and +€65M year-to-date.
Does DFCA distribute dividends?
DFCA follows a distributing dividend policy, meaning it pays out income to investors. As of April 8, 2026, its 12-month trailing yield was 2.82%.
What are the main country or region exposures of DFCA?
As of February 28, 2026, DFCA has significant geographic allocations in USA.
In which sector or theme does DFCA invest in?
As of February 28, 2026, DFCA focuses largely on Municipal.
How many securities does DFCA hold and how diversified is it?
As of February 28, 2026, DFCA holds 311 positions in its portfolio, with 14.42% of assets concentrated in its top 15 holdings.
What are the main positions in DFCA?
As of February 28, 2026, DFCA top three holdings include California, 5% 1apr2035, USD, US544657JC42 and US797661G257.
What is the base currency of DFCA?
The base currency of DFCA is USD.
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