MUB vs DFNM
YTDYear to date
DFNM wins+0.6 pts
Past year
DFNM wins+0.7 pts
Fee
MUB winslower fee
Yield
MUB wins+0.3 pts
AUM
MUB23.6× more
2–2level
MUB and DFNM · year-to-date · as of Nov 5, 2026 · AUM not scored
DFNM vs S&P 500
MAX$47.40 · +0.3% last sessionDividend-adjusted total return. S&P 500 uses VOO.CompareS&P 500+ Peer avg+ Add a fund
Return1D1M3MYTD1Y3Y5YMAX ▼
Total return+0.3%+3.0%0.0%+0.7%+1.3%+11.7%—+6.1%
Peer average+0.3%+3.3%−0.5%+0.6%+1.0%+15.1%+2.7%—
S&P 500 · VOO+1.6%−1.6%0.0%+13.4%+13.5%+91.7%+81.2%+831.3%
Dimensional DFNM and Vanguard VOO · total return, dividends in · as of Nov 5, 2026
DFNM’s Holdings
TodayHARRIS CO VRN Harris Vrn 10/01/410.9%HUDSON CO 4.0.8%REVERE-BA 4.0.7%OYSTER 4% 00.7%SOMERVILL 4.0.7%HOBOKEN-A 4.0.7%MANCHESTE 4.0.6%MICHIGAN 5.0.6%NY DORM 5% 00.6%MONMOUT 4% 00.5%NY ST THR 5.0.5%MARYLAND 5.0.5%NEW MEXIC 5.0.5%FAIRFAX C 4.0.5%ORLANDO 5% 10.5%MIAMI-DAD 5.0.5%CHARLESTO 5.0.5%HOUSTON-T 5.0.4%DANBURY 4% 00.4%COBB CO S 4.0.4%WISCONSIN 5%0.4%MASSACHUS 5.0.4%
HARRIS CO VRN Harris Vrn 10/01/410.9%HUDSON CO 4.0.8%REVERE-BA 4.0.7%OYSTER 4% 00.7%SOMERVILL 4.0.7%HOBOKEN-A 4.0.7%MANCHESTE 4.0.6%MICHIGAN 5.0.6%NY DORM 5% 00.6%MONMOUT 4% 00.5%NY ST THR 5.0.5%MARYLAND 5.0.5%
Dimensional DFNM · 1,017 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026
All 166 Municipal ETFs
YTD| # | Trend | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | MUB | National Muni BondReadDesk | 0.05% | 3.3% | +0.1% | +0.1% | $54.7B | |
| 2 | VTEB | Tax-Exempt BondReadDesk | 0.03% | 3.5% | +0.2% | +0.2% | $49.6B | |
| 3 | SUB | Short-Term National Muni BondReadDesk | 0.07% | 2.6% | +1.5% | +1.5% | $13.3B | |
| 4 | JMUB | JPMorgan MunicipalReadDesk | 0.18% | 3.8% | +0.3% | +0.3% | $9.0B | |
| 5 | CGMU | Capital Group Municipal IncomeReadDesk | 0.27% | 3.4% | +0.8% | +0.8% | $7.5B | |
| 6 | CMF | California Muni BondReadDesk | 0.08% | 3.0% | −0.2% | −0.2% | $5.4B | |
| 7 | HYD | VanEck High Yield MuniReadDesk | 0.32% | 4.5% | +0.3% | +0.3% | $4.6B | |
| 8 | PZA | National AMT-Free Municipal BondReadDesk | 0.28% | 4.0% | −0.9% | −0.9% | $4.1B | |
| 9 | SCMB | Municipal BondReadDesk | 0.03% | 3.6% | −0.4% | −0.4% | $4.1B | |
| 10 | HYMB | State Street SPDR Nuveen ICE High Yield Municipal BondReadDesk | 0.35% | 4.8% | +0.9% | +0.9% | $3.8B | |
| 11 | CGHM | Capital Group Municipal High-IncomeReadDesk | 0.34% | 4.3% | +1.1% | +1.1% | $3.8B | |
| 12 | MUNI | PIMCO Intermediate Municipal Bond Active Exchange-TradedReadDesk | 0.35% | 3.3% | +0.7% | +0.7% | $3.7B | |
| 13 | VTEC | California Tax-Exempt BondReadDesk | 0.06% | 3.2% | −0.4% | −0.4% | $3.6B | |
| 14 | VTES | Short-Term Tax-Exempt BondReadDesk | 0.05% | 2.7% | +1.2% | +1.2% | $3.6B | |
| 15 | SHM | State Street SPDR Nuveen ICE Short Term Municipal BondReadDesk | 0.20% | 2.7% | +1.1% | +1.1% | $3.5B | |
| 16 | TFI | State Street SPDR Nuveen ICE Municipal BondReadDesk | 0.23% | 3.7% | −0.2% | −0.2% | $2.9B |
1–16 of 166Page 1 of 11
Municipal · current AUM · as of Nov 5, 2026
DFNM Payouts by Year
6YLatest payout, Oct 2026
$0.13
a share · every month
3.0% yield
3.0% yield
6 years added up
$5.57 a share
$5.57 a share
Dimensional DFNM · per-share distributions by ex-date · 2021–2026
DFNM’s Peers
YTD| # | Trend | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | MUB | iShares National Muni Bond ETFReadVersus | 0.05% | 3.3% | +0.4% | +0.1% | +0.7% | $54.7B | |
| 2 | VTEB | Vanguard Tax-Exempt Bond ETFReadVersus | 0.03% | 3.5% | +0.4% | +0.2% | +0.7% | $49.6B | |
| 3 | SUB | iShares Short-Term National Muni Bond ETFReadVersus | 0.07% | 2.6% | 0.0% | +1.5% | +2.3% | $13.3B | |
| 4 | JMUB | JPMorgan Municipal ETFReadVersus | 0.18% | 3.8% | +0.4% | +0.3% | +0.8% | $9.0B | |
| 5 | CGMU | Capital Group Municipal Income ETFReadVersus | 0.27% | 3.4% | +0.3% | +0.8% | +1.4% | $7.5B | |
| 6 | DFNM | Dimensional - National Municipal Bond ETFThis fund | 0.18% | 3.0% | +0.3% | +0.7% | +1.3% | $2.3B |
#66 of 141 this year · #43 cheapest of 166 · sorted by assetsOpen the Bonds & Cash table →
DFNM and its peer group · total return · as of Nov 5, 2026
Cards for This View
DFNM’s Top 10 Holdings
Today6.6%of DFNM sits in these 10
1HARRISHarris Vrn 10/01/410.88%
2HUDSONHudson 4.% 02/24/270.79%
3REVERERevere-Ba 4.% 07/29/270.71%
4OYSTEROyster 4% 08/20/270.66%
5SOMERVSomervill 4.% 05/28/270.66%
6HOBOKEHoboken-A 4.% 03/08/270.66%
7MANCHEMancheste 4.% 11/12/260.58%
8MICHIGMichigan 5.% 08/15/420.57%
9NY DORNy Dorm 5% 03/15/410.56%
10MONMOUMonmout 4% 07/15/270.50%
Dimensional DFNM · weight in the fund · as of Nov 4, 2026
DFNM’s Holdings
TodayHARRIS CO VRN Harris Vrn 10/01/410.9%HUDSON CO 4.0.8%REVERE-BA 4.0.7%OYSTER 4% 00.7%SOMERVILL 4.0.7%HOBOKEN-A 4.0.7%MANCHESTE 4.0.6%MICHIGAN 5.0.6%NY DORM 5% 00.6%MONMOUT 4% 00.5%NY ST THR 5.0.5%MARYLAND 5.0.5%NEW MEXIC 5.0.5%FAIRFAX C 4.0.5%ORLANDO 5% 10.5%MIAMI-DAD 5.0.5%CHARLESTO 5.0.5%HOUSTON-T 5.0.4%DANBURY 4% 00.4%COBB CO S 4.0.4%WISCONSIN 5%0.4%MASSACHUS 5.0.4%
HARRIS CO VRN Harris Vrn 10/01/410.9%HUDSON CO 4.0.8%REVERE-BA 4.0.7%OYSTER 4% 00.7%SOMERVILL 4.0.7%HOBOKEN-A 4.0.7%MANCHESTE 4.0.6%MICHIGAN 5.0.6%NY DORM 5% 00.6%MONMOUT 4% 00.5%NY ST THR 5.0.5%MARYLAND 5.0.5%
Dimensional DFNM · 1,017 holdings · top 22 shown · tile size = share of the fund · as of Nov 4, 2026
DFNM vs Peer Average
YTDDFNMAvsBPeer average
1D+0.3%+0.3%
1M+3.0%+3.3%
3M0.0%−0.5%
YTD+0.7%+0.6%
1Y+1.3%+1.0%
3Y+11.7%+15.1%
5Y[…]+2.7%
3–3level
165 Municipal peers · each row scaled to its leader