Dimensional National Municipal Bond ETF (DFNM)

• Market cap: $1.58B
• 1 day: -0.08%
• 5 days: -0.13%
• 1 month: 0.34%
• 3 months: 1.43%
• 6 months: -0.42%
• Year to date: -0.77%
• 1 year: -1.23%
• 5 years: -5.48%
• 10 years: -5.48%

Fund manager confidence

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

79% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 14

25% more repeat investments, than reductions

Existing positions increased: 99 | Existing positions reduced: 79

5% more funds holding in top 10

Funds holding in top 10: 22 [Q4 2024] → 23 (+1) [Q1 2025]

3% more funds holding

Funds holding: 227 [Q4 2024] → 234 (+7) [Q1 2025]

5% more capital invested

Capital invested by funds: $1.15B [Q4 2024] → $1.21B (+$57M) [Q1 2025]

0.25% more ownership

Funds ownership: 80.33% [Q4 2024] → 80.58% (+0.25%) [Q1 2025]