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 compared to other funds.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Dimensional National Municipal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Dimensional National Municipal Bond ETF had a return of 0.74% year-to-date (YTD) and 1.07% in the last 12 months.
DFNM
0.74%
-0.45%
0.92%
1.07%
N/A
N/A
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.14% | -0.09% | -0.17% | -0.64% | -0.18% | 0.82% | 0.71% | 0.74% | 0.83% | -0.98% | 0.99% | 0.74% | |
| 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 29, 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.
Dividends
Dividend History
Dimensional National Municipal Bond ETF provided a 2.31% dividend yield over the last twelve months, with an annual payout of $1.10 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $1.10 | $1.16 | $0.56 | $0.03 |
Dividend yield | 2.31% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.12 | $0.09 | $0.10 | $0.13 | $0.09 | $0.10 | $0.13 | $0.09 | $0.14 | $0.11 | $0.00 | $1.10 |
| 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.
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 1.40%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -6.98% | Dec 31, 2021 | 210 | Oct 31, 2022 | 427 | Jul 16, 2024 | 637 |
| -1.41% | Oct 3, 2024 | 25 | Nov 6, 2024 | 17 | Dec 2, 2024 | 42 |
| -1.4% | Dec 9, 2024 | 8 | Dec 18, 2024 | — | — | — |
| -0.43% | Aug 6, 2024 | 10 | Aug 19, 2024 | 10 | Sep 3, 2024 | 20 |
| -0.2% | Dec 1, 2021 | 6 | Dec 8, 2021 | 8 | Dec 20, 2021 | 14 |
Volatility
Volatility Chart
The current Dimensional National Municipal Bond ETF volatility is 0.86%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.