DFNM · ARCA · ETF
Dimensional National Municipal Bond ETF (DFNM) Price, Holdings & Fees
Dimensional National Municipal Bond ETF (DFNM) closed at $402.36 on Oct 9, 2026, up 0.55% from the previous close of $400.14.
Share price, past year
1Y +39.55%Monthly closing prices
| Date | Close |
|---|---|
| Oct 9, 2026 | $402.36 |
| Sep 30, 2026 | $399.40 |
| Aug 31, 2026 | $398.54 |
| Jul 31, 2026 | $370.78 |
| Jun 30, 2026 | $352.66 |
| May 29, 2026 | $347.75 |
| Apr 30, 2026 | $339.38 |
| Mar 31, 2026 | $335.94 |
| Feb 27, 2026 | $330.88 |
| Jan 30, 2026 | $312.18 |
| Dec 31, 2025 | $307.59 |
| Nov 28, 2025 | $297.51 |
| Oct 31, 2025 | $293.56 |
Key statistics
- Expense ratio
- 0.17%
- as of Oct 31, 2025
- Net assets
- $2.2B
- as of Jul 31, 2026
- Holdings
- 1,200
- as of Jul 31, 2026
- 52-week range
- $284.58 – $409.95
Dimensional National Municipal Bond ETF's expense ratio is 0.17%: $17.00 a year on $10,000 invested.
Holdings
Dimensional National Municipal Bond ETF held 1,200 investments worth $2.24B as of Jul 31, 2026. Its largest holding was HUDSON CNTY N J, at 0.81% of the fund.
| # | Holding | % of fund | Value |
|---|---|---|---|
| 1 | HUDSON CNTY N J | 0.81% | $18.12M |
| 2 | REVERE MASS | 0.73% | $16.25M |
| 3 | SOMERVILLE MASS | 0.68% | $15.14M |
| 4 | HOBOKEN N J | 0.68% | $15.11M |
| 5 | MANCHESTER N H | 0.60% | $13.38M |
| 6 | MICHIGAN ST UNIV REVS | 0.59% | $13.27M |
| 7 | MARYLAND ST | 0.50% | $11.12M |
| 8 | NEW YORK ST TWY AUTH ST PERS INCOME TAX REV | 0.50% | $11.10M |
| 9 | NEW MEXICO ST | 0.49% | $11.02M |
| 10 | ORLANDO FLA UTILS COMMN UTIL SYS REV | 0.49% | $10.91M |
| 11 | FAIRFAX CNTY VA | 0.49% | $10.89M |
| 12 | MIAMI-DADE CNTY FLA | 0.47% | $10.48M |
| 13 | DANBURY CONN | 0.45% | $10.07M |
| 14 | COBB CNTY GA SCH DIST | 0.45% | $10.04M |
| 15 | WISCONSIN ST | 0.45% | $10.00M |
| 16 | MASSACHUSETTS ST | 0.44% | $9.85M |
| 17 | UNIVERSITY HOUSTON TEX UNIV REVS | 0.43% | $9.62M |
| 18 | MASSACHUSETTS ST | 0.41% | $9.06M |
| 19 | WASHINGTON ST | 0.39% | $8.81M |
| 20 | CHARLOTTE-MECKLENBERG HOSP AUTH N C HEALTH CARE SYS REV | 0.39% | $8.80M |
| 21 | ALLEN CNTY OHIO HOSP FACS REV | 0.39% | $8.67M |
| 22 | ENERGY NORTHWEST WASH ELEC REV | 0.38% | $8.57M |
| 23 | MIAMI-DADE CNTY FLA SCH DIST | 0.38% | $8.55M |
| 24 | MONTGOMERY CNTY MD | 0.38% | $8.49M |
| 25 | PAPILLION-LA VISTA NEB SCH DIST NO 27 SARPY CNTY | 0.38% | $8.47M |
Top 25 of 1,200 holdings, as of Jul 31, 2026. Percentages are of the fund's net assets.
What the fund owns
| Asset type | % of fund |
|---|---|
| Bonds and other debt | 100.23% |
| Cash and short-term investments | 0.14% |
| Country | % of fund |
|---|---|
| United States | 100.37% |
Shares of net assets from the fund's N-PORT report. Funds that borrow can add up to more than 100%, with borrowing (such as repurchase agreements) shown as a negative share.
Monthly total returns
Over the 3 months to Jul 31, 2026, Dimensional National Municipal Bond ETF's total return was −0.50%, as reported to the SEC.
| Month | Total return |
|---|---|
| Jul 31, 2026 | −1.21% |
| Jun 30, 2026 | +0.48% |
| May 31, 2026 | +0.24% |
The fund's own total returns as reported to the SEC (N-PORT), including reinvested distributions. Not the sample prices above.
Fund profile
- Name
- Dimensional National Municipal Bond ETF
- Ticker
- DFNM
- Exchange
- ARCA
- Fund type
- ETF
- Trust
- Dimensional ETF Trust
- SEC series ID
- S000073562
- SEC CIK
- 0001816125
- Fractional shares
- Yes
Recent SEC filings
- Sep 24, 2026
- Jul 8, 2026
- 485BPOSProspectus updateMay 27, 2026
- 485BPOSProspectus updateFeb 27, 2026
- Jan 9, 2026
- Jul 8, 2025
- 485BPOSProspectus updateFeb 28, 2025
- Jan 8, 2025
Shareholder reports and prospectuses are filed by Dimensional ETF Trust, the trust behind Dimensional National Municipal Bond ETF, and cover all of its funds.
Frequently asked questions
What is DFNM's price?
Dimensional National Municipal Bond ETF (DFNM) closed at $402.36 on Oct 9, 2026, up 0.55% from the previous close of $400.14.
What is DFNM's expense ratio?
Dimensional National Municipal Bond ETF's expense ratio is 0.17%: $17.00 a year on $10,000 invested.
What does DFNM hold?
Dimensional National Municipal Bond ETF held 1,200 investments worth $2.24B as of Jul 31, 2026. Its largest holding was HUDSON CNTY N J, at 0.81% of the fund. Its five largest holdings were HUDSON CNTY N J, REVERE MASS, SOMERVILLE MASS, HOBOKEN N J, MANCHESTER N H.
How has DFNM performed?
Over the 3 months to Jul 31, 2026, Dimensional National Municipal Bond ETF's total return was −0.50%, as reported to the SEC.
Sources and methodology
Holdings, net assets and monthly returns come from the fund's N-PORT filing with the SEC, as of Jul 31, 2026 (filed Sep 24, 2026). The expense ratio is from the fund's prospectus or shareholder report, as of Oct 31, 2025. Prices are generated sample data for development. Data sources and disclosures