Dimensional National Municipal Bond ETF (DFNM)

• Market cap: $1.41B
• 1 day: 0.15%
• 5 days: -1.06%
• 1 month: -0.69%
• 3 months: -1.43%
• 6 months: -0.29%
• Year to date: -1.47%
• 1 year: -1.51%
• 5 years: -4.92%
• 10 years: -4.92%

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

190% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 10

58% more repeat investments, than reductions

Existing positions increased: 79 | Existing positions reduced: 50

11% more funds holding

Funds holding: 168 [Q2] → 187 (+19) [Q3]

6% more capital invested

Capital invested by funds: $914M [Q2] → $965M (+$50.8M) [Q3]

0.11% less ownership

Funds ownership: 71.01% [Q2] → 70.9% (-0.11%) [Q3]

13% less funds holding in top 10

Funds holding in top 10: 16 [Q2] → 14 (-2) [Q3]