DFCA

Dimensional California Municipal Bond ETF

$50.10

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Dimensional California Municipal Bond ETF (DFCA) seeks to provide current income that is exempt from federal and California state personal income taxes.

Overview

ETF tracking Dimensional California Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2023-06-27

Market Cap $511.0M

Average Volume N/A

Dividend Yield 2.23%

52-Week Range $48.59 - $50.73

VWAP $50.12

Performance

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Investment Summary

📎 Investment Objective

The Dimensional California Municipal Bond ETF (DFCA) seeks to provide current income that is exempt from federal and California state personal income taxes.

🎯 Investment Strategy

The ETF invests primarily in investment-grade municipal bonds issued by the state of California and its local governments. The portfolio is actively managed, with the goal of maintaining a high-quality, diversified bond portfolio that generates tax-exempt income.

✨ Key Features

Focuses on investment-grade California municipal bonds
Actively managed to maintain a high-quality, diversified portfolio
Seeks to provide tax-exempt income for California residents
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the bonds may decline as interest rates rise
Credit risk: The issuer of the bonds may default on payments
Liquidity risk: It may be difficult to sell the bonds at an optimal price
Concentration risk: The fund is focused on California municipal bonds

👤 Best For

This ETF may be suitable for California-based investors seeking tax-exempt income and exposure to high-quality municipal bonds. It may be most appropriate for investors with a medium-term investment horizon and a moderate risk tolerance.