Get your free ETF data sample from our comprehensive offerings. Start your free trial→

Help us improve your experience. Please confirm your investor type:

Compare ETFs Easily

The Ultimate ETF Comparison Tool - Try Now!

Analyze up to 5 ETFs side-by-side and gain instant insights on performance, fees, holdings, and more to make data-driven investment decisions.

Start Comparing ETFs Now!

›ETF Issuers›Dimensional›DFNM

DFNM

Dimensional National Municipal Bond ETF

Active ETF Fixed Income

Not rated

The DFNM 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.

$47.60

-$0.05 (-0.10%) yesterday

1:30 PM 08/26/26 Closed

1D price range

$47.59$47.63

52W price range

$47.29$48.77

YTD Perf.

+0.61%

YTD Flows

Annualized volatility

Fund AuM

€1.95B

Share class AuM

€1.95B

TTM Yield

Tracking Error

Tracking Difference

Characteristics

ISIN

US25434V8494

TER

0.18%

Inception date

11/15/2021

Issuer

Dimensional

Dividend policy

Distributing

Compare similar ETFs

ETF Name	1w perf.
MBBA iShares Mortgage-Backed Securities Active ETF	+0.60%
MMIT NYLI MacKay Muni Intermediate ETF	-0.43%
FTMA Franklin Massachusetts Municipal Income ETF	+0.13%
TMNS T. Rowe Price Short Municipal Income ETF	-0.10%
CGSM Capital Group Short Duration Municipal Income ETF	-0.07%
FTOH Franklin Ohio Municipal Income ETF	+0.14%
SPMB State Street State Street SPDR Portfolio Mortgage Backed Bond ETF	+0.70%
AMUN abrdn Ultra Short Municipal Income Active ETF	+0.04%
SHM State Street SPDR Nuveen ICE Short Term Municipal Bond ETF	+0.13%
FECM First Eagle Core Municipal ETF	-0.40%
FUSI American Century Multisector Floating Income ETF	+0.09%
BKMI BNY Mellon Municipal Intermediate ETF	-0.41%
SMBS Schwab Mortgage-Backed Securities ETF	+0.65%
BSMY Invesco BulletShares 2034 Municipal Bond ETF	+0.07%
FTPA Franklin Pennsylvania Municipal Income ETF	+0.15%

API

PerformanceDec 31, 2025 - Aug 20, 2026

Flows

Join for free to unlock

Sector exposures

Data as of 07/31/26

Municipal

32.24%

Unavailable

67.76%

Latest DFNM news

No content available for this fund

FAQ about DFNM

DFNM is a Active ETF. This ETF provides exposure to US Investment Grade Municipal Bonds.

DFNM carries a total expense ratio (TER) of 0.18%, indicating the annual cost for holding the fund.

DFNM was introduced to the market on November 15, 2021. It trades on United States

Dimensional National Municipal Bond ETF, DFNM, is provided by Dimensional. Learn more about Dimensional here.

DFNM oversees €1.95B in assets as of August 20, 2026.

DFNM follows a distributing dividend policy, meaning it pays out income to investors. As of August 20, 2026, its 12-month trailing yield was 2.95%.

As of July 31, 2026, DFNM has significant geographic allocations in USA.

As of July 31, 2026, DFNM focuses largely on Municipal.

As of July 31, 2026, DFNM holds 1204 positions in its portfolio, with 8.43% of assets concentrated in its top 15 holdings.

As of July 31, 2026, DFNM top three holdings include County of Hudson, 4% 24feb2027, USD (2026), Revere, 4% 29jul2027, USD and City of Somerville (MA), 4% 28may2027, USD.

The base currency of DFNM is USD.

Top 10 holdings

Data as of 07/31/26

County of Hudson, 4% 24feb2027, USD (2026)

0.82%

Revere, 4% 29jul2027, USD

0.73%

City of Somerville (MA), 4% 28may2027, USD

0.68%

Hoboken, 4% 8mar2027, USD (2026)

0.68%

US562333SJ48

0.60%

US594712ZC81

0.60%

Maryland, 5% 1jun2037, USD (2025)

0.50%

US650028F992

0.50%

New Mexico, 5% 1mar2027, USD (2026)

0.50%

US686507NU45

0.49%

Essentials

A forever free toolbox for fund selection, analysis, research, and ETF portfolio construction.

Essential free account includes:

More fund data
Compare up to 3 funds
More screener filters
Edit screener columns from 100+ metrics
Watchlists for saving your research
Portfolio construction and analysis
Personal dashboard for live monitoring

About Trackinsight

Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.

Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.

In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.

This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.

Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.

More about Trackinsight

The Ultimate ETF Comparison Tool - Try Now!

Dimensional National Municipal Bond ETF

FAQ about DFNM

Essentials

About Trackinsight

ETF TOOLS

PLATFORM

ETF NEWS & RESEARCH

PROFESSIONAL SOLUTIONS

SOLUTIONS FOR

CONTACT US