Dimensional Fund AdvisorsMuni National IntermediateDFNM · NYSE Arca

Dimensional National Municipal Bond ETF (DFNM)

Compare Muni National Intermediate ETFs Compare with others

Price: $47.25; —30 Oct 2026
Assets: $2.2B; Total net assets
Expense ratio: 0.17%; Category 0.62%
Yield: 3.08%; Trailing distributions

1Y return: 1.0%+0.5%; Category 0.4%
3Y CAGR: 3.7%-0.8%; Category 4.5%
5Y CAGR: —; Category 0.8%

Loading NAV history…

Dimensional National Municipal Bond ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	+2.9%	-0.1%	-0.5%	+0.4%	+1.0%	+3.7%	—	—	+1.1%
Muni National Intermediate average	3.4%	-0.5%	-0.9%	-0.1%	0.4%	4.5%	0.8%	1.9%	2.1%
Difference	-0.5%	+0.5%	+0.4%	+0.5%	+0.5%	-0.8%	—	—	-1.0%

Holdings

Allocation as last published by the fund.

Credit quality

Share of the bonds by rating.

AAA24.2%
AA62.2%
A12.0%
BBB1.7%

Asset mix

Bonds96.7%
Cash3.3%

ETF details

Issuer: Dimensional Fund Advisors
Category: Fixed Income · Muni National Intermediate
Ticker: DFNM
Exchange: NYSE Arca
Inception: 15 Nov 2021 (5.0 years)
Structure: Exchange Traded Fund
Expense ratio: 0.17% (category 0.62%)
Holdings turnover: 42% (category 43%)
Distribution yield: 3.08%
Beta, 3 years: 0.60
Total net assets: $2.2B
Average duration: 4.76 years
Average maturity: 10.07 years

Prices and returns as of 30 Oct 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

Other muni national intermediate ETFs

Other ETFs in the Muni National Intermediate category.

Compare Muni National Intermediate ETFs