DFNM

Dimensional National Municipal Bond ETF

$48.21

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Dimensional National Municipal Bond ETF (DFNM) seeks to provide current income that is exempt from regular federal income taxes.

Overview

ETF tracking Dimensional National Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2021-11-16

Market Cap $1.7B

Average Volume N/A

Dividend Yield 2.26%

52-Week Range $46.77 - $48.44

VWAP $48.24

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The Dimensional National Municipal Bond ETF (DFNM) seeks to provide current income that is exempt from regular federal income taxes.

🎯 Investment Strategy

The ETF invests primarily in a diversified portfolio of investment-grade municipal bonds. The fund's portfolio is actively managed, with the goal of maintaining a high-quality, low-duration fixed income exposure.

✨ Key Features

Invests in a broad range of investment-grade municipal bonds across different states and sectors
Actively managed approach aims to provide tax-exempt income while managing interest rate risk
Low expense ratio of 0.00%
Relatively short duration to help mitigate interest rate sensitivity

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default or downgrade of the municipal bonds it holds
Liquidity risk: Municipal bonds may have less liquidity than other fixed income sectors
Tax-related risks: Changes in tax laws could affect the tax-exempt status of the fund's income

👤 Best For

This ETF may be suitable for investors seeking tax-exempt income and a low-risk, low-duration fixed income allocation within a diversified portfolio. It may be particularly appealing to investors in higher tax brackets who are looking to minimize their tax burden.