Dimensional National Municipal Bond ETF (DFNM)

• Market cap: $1.55B
• 1 day: -0.19%
• 5 days: 0.19%
• 1 month: -0.34%
• 3 months: -1.19%
• 6 months: -1.83%
• Year to date: -1.13%
• 1 year: -1.38%
• 5 years: -5.82%
• 10 years: -5.82%

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

86% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 14

24% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 79

10% more funds holding in top 10

Funds holding in top 10: 21 [Q4 2024] → 23 (+2) [Q1 2025]

5% more capital invested

Capital invested by funds: $1.15B [Q4 2024] → $1.21B (+$61.6M) [Q1 2025]

4% more funds holding

Funds holding: 226 [Q4 2024] → 234 (+8) [Q1 2025]

0.58% more ownership

Funds ownership: 80.0% [Q4 2024] → 80.58% (+0.58%) [Q1 2025]