Dimensional National Municipal Bond ETF (DFNM)

• Market cap: $1.64B
• 1 day: 0.00%
• 5 days: 0.21%
• 1 month: 0.36%
• 3 months: 0.21%
• 6 months: -1.48%
• Year to date: -0.86%
• 1 year: -1.86%
• 5 years: -5.56%
• 10 years: -5.56%

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

17% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 89

4% more funds holding in top 10

Funds holding in top 10: 23 [Q1] → 24 (+1) [Q2]

5% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 21

2% more capital invested

Capital invested by funds: $1.21B [Q1] → $1.24B (+$27.3M) [Q2]

0% more funds holding

Funds holding: 236 [Q1] → 236 (+0) [Q2]

1.75% less ownership

Funds ownership: 80.67% [Q1] → 78.92% (-1.75%) [Q2]