Dimensional National Municipal Bond ETF (DFNM)

Market Cap: $1.36B

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

51% more repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 49

47% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 15

4% more funds holding

Funds holding: 159 [Q1] → 166 (+7) [Q2]

3% more capital invested

Capital invested by funds: $889M [Q1] → $912M (+$23.3M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 16 [Q1] → 16 (+0) [Q2]

1.53% less ownership

Funds ownership: 72.37% [Q1] → 70.84% (-1.53%) [Q2]