DFNM ETF Holdings: Dimensional National Municipal Bond ETF

Every listed position with its portfolio weight, plus sector breakdown and geographic exposure for this Fixed Income ETF. Analyze fund diversification and concentration.

Total Holdings

1,208

As of Oct 4, 2026

Top 10 Holdings

7.3%

Share of fund assets

Assets (AUM)

$2.21B

Total fund assets

Expense Ratio

0.17%

Annual management fee

Portfolio Allocations

Distribution breakdown by sector, asset type, and geographic region. Understand the fund's diversification strategy across markets and asset classes.

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Top 26 of 1,208 DFNM Holdings by Portfolio Weight

Holdings as of Oct 4, 2026. Ticker, name, asset type and portfolio weight for each position. Fund disclosures available to us list the largest 26 positions.

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DFNM ETF holdings table showing rank, ticker symbol, company name, asset type, and portfolio weight percentage, sorted by portfolio weight, as of Oct 4, 2026.
#	Symbol	Name	Type	Weight
1	NMFQS:MCSXX	-	Cash	1.55%
2	NJ.HUD 4 02.24.2027	HUDSON CNTY N J 4%	Stock	0.82%
3	MA.REV 4 07.29.2027	REVERE MASS 4%	Stock	0.73%
4	NY.OYS 4 08.20.2027	OYSTER BAY N Y 4%	Stock	0.68%
5	NJ.HOB 4 03.08.2027	HOBOKEN N J 4%	Stock	0.68%
6	MA.SMV 4 05.28.2027	SOMERVILLE MASS 4%	Stock	0.68%
7	NH.MAN 4 11.12.2026	MANCHESTER N H 4%	Stock	0.61%
8	MI.MISHGR 5 08.15.2042	MICHIGAN ST UNIV REVS 5%	Stock	0.57%
9	NJ.MON 4 07.15.2027	MONMOUTH CNTY N J 4%	Stock	0.52%
10	NM.NMS 5 03.01.2027	NEW MEXICO ST 5%	Stock	0.50%
11	FL.ORLUTL 5 10.01.2028	ORLANDO FLA UTILS COMMN UTIL SYS REV 5%	Stock	0.49%
12	VA.FAI 4 10.01.2029	FAIRFAX CNTY VA 4%	Stock	0.48%
13	MD.MDS 5 06.01.2037	MARYLAND ST 5%	Stock	0.48%
14	FL.MIA 5 07.01.2028	MIAMI-DADE CNTY FLA 5%	Stock	0.47%
15	NY.NYSTRN 5 09.15.2037	NEW YORK ST TWY AUTH ST PERS INCOME TAX REV 5%	Stock	0.47%
16	SC.CHASCD 5 05.06.2027	CHARLESTON CNTY S C SCH DIST 5%	Stock	0.47%
17	TX.HOU 5 06.30.2027	HOUSTON TEX 5%	Stock	0.46%
18	CT.DAN 4 02.22.2027	DANBURY CONN 4%	Stock	0.45%
19	GA.COBSCD 4 12.15.2026	COBB CNTY GA SCH DIST 4%	Stock	0.45%
20	WI.WIS 5 05.01.2031	WISCONSIN ST 5%	Stock	0.44%
21	TX.UHTHGR 5 02.15.2030	UNIVERSITY HOUSTON TEX UNIV REVS 5%	Stock	0.42%
22	MA.MAS 5 12.01.2043	MASSACHUSETTS ST 5%	Stock	0.42%
23	MA.MAS 5 08.01.2041	MASSACHUSETTS ST 5%	Stock	0.39%
24	WA.ENEPWR 5 07.01.2028	ENERGY NORTHWEST WASH ELEC REV 5%	Stock	0.39%
25	FL.MIASCD 4 01.07.2027	MIAMI-DADE CNTY FLA SCH DIST 4%	Stock	0.39%
26	WA.WAS 5 08.01.2038	WASHINGTON ST 5%	Stock	0.38%

Source: Fund holdings disclosures. Data as of Oct 4, 2026. Data sources and methodology

Frequently Asked Questions About Dimensional National Municipal Bond ETF Holdings

What are the top holdings in DFNM?

As of Oct 4, 2026, Dimensional National Municipal Bond ETF (DFNM) holds 1,208 securities. The largest are NMFQS:MCSXX (1.55%), HUDSON CNTY N J 4% (0.82%), REVERE MASS 4% (0.73%). The holdings table lists each position by portfolio weight with its ticker, name and asset type.

How concentrated is DFNM's portfolio?

As of Oct 4, 2026, the 10 largest positions make up 7.3% of DFNM's assets. A concentrated portfolio has fewer large positions with higher individual weights, while a diversified portfolio distributes holdings more evenly.

What is DFNM's sector allocation?

The Sector Allocation chart shows how DFNM distributes investments across different industries like Technology, Healthcare, Financials, and more. This sector exposure helps understand the fund's industry diversification strategy.

What countries does DFNM invest in?

DFNM's geographic exposure is shown in the Countries tab under Portfolio Allocations. This reveals the fund's international diversification and exposure to different regions and global markets.

How diversified is DFNM ETF?

DFNM's diversification can be assessed by reviewing its 1,208 holdings (as of Oct 4, 2026), sector allocation, and geographic exposure. A well-diversified ETF spreads investments across multiple securities, sectors, and regions to reduce concentration risk.