Dimensional National Municipal Bond ETF (DFNM)
DFNM is an actively managed ETF by Dimensional. DFNM launched on Nov 15, 2021 and has a 0.17% expense ratio.
ETF Info
US25434V8494
Nov 15, 2021
North America (U.S.)
1x
No Index (Active)
Expense Ratio
DFNM has an expense ratio of 0.17%, which is considered low.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Dimensional National Municipal Bond ETF (DFNM) returned -0.24% year-to-date (YTD) and 1.71% over the past 12 months.
DFNM
-0.24%
1.04%
-0.40%
1.71%
2.05%
N/A
N/A
^GSPC (Benchmark)
-0.63%
13.31%
-1.23%
9.83%
14.42%
14.61%
10.64%
Monthly Returns
The table below presents the monthly returns of DFNM, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.42% | 0.82% | -1.08% | -0.26% | -0.12% | -0.24% | |||||||
| 2024 | -0.14% | -0.09% | -0.17% | -0.64% | -0.18% | 0.82% | 0.71% | 0.74% | 0.83% | -0.98% | 0.99% | -0.67% | 1.19% |
| 2023 | 1.73% | -1.99% | 1.95% | -0.60% | -0.87% | 0.56% | 0.14% | -0.66% | -1.39% | -0.32% | 3.65% | 1.83% | 3.97% |
| 2022 | -1.85% | -0.29% | -1.66% | -1.43% | 1.26% | -0.41% | 1.64% | -1.70% | -2.50% | -0.15% | 2.85% | 0.30% | -4.02% |
| 2021 | 0.41% | 0.06% | 0.47% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DFNM is 53, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Dimensional National Municipal Bond ETF (DFNM) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Dimensional National Municipal Bond ETF provided a 2.90% dividend yield over the last twelve months, with an annual payout of $1.37 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Dividend | $1.37 | $1.31 | $1.16 | $0.56 | $0.03 |
Dividend yield | 2.90% | 2.74% | 2.40% | 1.16% | 0.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Dimensional National Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.10 | $0.13 | $0.11 | $0.12 | $0.51 | |||||||
| 2024 | $0.02 | $0.12 | $0.09 | $0.10 | $0.13 | $0.09 | $0.10 | $0.13 | $0.09 | $0.14 | $0.11 | $0.21 | $1.31 |
| 2023 | $0.08 | $0.11 | $0.09 | $0.09 | $0.08 | $0.08 | $0.09 | $0.09 | $0.08 | $0.12 | $0.09 | $0.17 | $1.16 |
| 2022 | $0.00 | $0.01 | $0.03 | $0.03 | $0.03 | $0.04 | $0.06 | $0.07 | $0.06 | $0.07 | $0.09 | $0.08 | $0.56 |
| 2021 | $0.00 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Dimensional National Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Dimensional National Municipal Bond ETF was 6.98%, occurring on Oct 31, 2022. Recovery took 427 trading sessions.
The current Dimensional National Municipal Bond ETF drawdown is 1.50%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.98% | Dec 31, 2021 | 210 | Oct 31, 2022 | 427 | Jul 16, 2024 | 637 |
| -2.78% | Mar 4, 2025 | 29 | Apr 11, 2025 | — | — | — |
| -1.41% | Oct 3, 2024 | 25 | Nov 6, 2024 | 17 | Dec 2, 2024 | 42 |
| -1.34% | Dec 9, 2024 | 24 | Jan 14, 2025 | 28 | Feb 25, 2025 | 52 |
| -0.43% | Aug 6, 2024 | 10 | Aug 19, 2024 | 10 | Sep 3, 2024 | 20 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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