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ETFs

Dimensional California Municipal Bond ETF

DFCA
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 26 2023
Expense Ratio
0.19%
Type
US Bonds
Fund Owner
Dimensional
Volume (1m avg. daily)
$1,077,926
AUM
$173,617,882
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SAN DIEGO 5.% 04/01/34
2.95%
n/a
TORRANCE 4.% 08/01/33
2.91%
n/a
CALIFORNI 5.% 04/01/35
2.71%
n/a
LOS ANGEL 4.% 11/01/34
2.36%
n/a
Los Angeles CA Dept 5 % Bonds 2017-01.07.37 Power System Series C
2.23%
n/a
CA ST PUB 5.% 05/01/34
1.97%
n/a
SACRAMENT 5.% 10/01/38
1.96%
n/a
CALIFORNI 5.% 08/01/26
1.96%
n/a
UNIV OF C 5.% 05/15/29
1.94%
n/a
CALIFORNIA 5% 08/01/2029
1.86%
Invest with DFCA

What is DFCA?

The investment objective of the Dimensional California Municipal Bond ETF is to seek to provide current income that is expected to be exempt from federal personal income tax and California state personal income taxes. The California Municipal Bond ETF will seek to achieve its investment objective by investing primarily in a universe of investment grade municipal securities, the interest on which is exempt from regular federal income tax and the state personal income tax of California. Municipal securities in which the Portfolio may invest include, among others, revenue bonds, general obligation bonds, industrial development bonds, municipal lease obligations, commercial paper, variable rate demand obligations and other instruments (including participation interests in such securities) issued by or on behalf of California state or local governments and their agencies, instrumentalities, and regional government authorities.

ETFs related toDFCA

ETFs correlated to DFCA include SCMB, VTES, JMUB

DFCA
Dimensional ETF Trust - Dimensional California Municipal Bond ETF
SCMB
Schwab Strategic Trust - Schwab Municipal Bond ETF
VTES
Vanguard Wellington Fund - Vanguard Short-Term Tax Exempt Bond ETF
JMUB
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Municipal ETF
IBMQ
iShares Trust - iShares iBonds Dec 2028 Term Muni Bond ETF
NYF
BlackRock Institutional Trust Company N.A. - iShares New York Muni Bond ETF
FMHI
First Trust Exchange-Traded Fund III - First Trust Municipal High Income ETF
SUB
BlackRock Institutional Trust Company N.A. - iShares Short-Term National Muni Bond ETF
PZA
Invesco Capital Management LLC - Invesco National AMT-Free Municipal Bond ETF
FMB
First Trust Exchange-Traded Fund III - First Trust Managed Municipal ETF
MLN
VanEck ETF Trust - VanEck Long Muni ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DFCA is a US Bonds ETF. The investment objective of the Dimensional California Municipal Bond ETF is to seek to provide current income that is expected to be exempt from federal personal income tax and California state personal income taxes. The California Municipal Bond ETF will seek to achieve its investment objective by investing primarily in a universe of investment grade municipal securities, the interest on which is exempt from regular federal income tax and the state personal income tax of California. Municipal securities in which the Portfolio may invest include, among others, revenue bonds, general obligation bonds, industrial development bonds, municipal lease obligations, commercial paper, variable rate demand obligations and other instruments (including participation interests in such securities) issued by or on behalf of California state or local governments and their agencies, instrumentalities, and regional government authorities.

Yes, DFCA is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DFCA is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DFCA is -0.0105%. This is the percent change in the value of DFCA over the most recent 1-month period. The 3-month return on DFCA is %. This is the percent change in the value of DFCA over the most recent 3-month period.

ETFs similar to DFCA include HYD, CMF, and MUB.

ETFs correlated to DFCA include SCMB, VTES, and JMUB.

ETFs that are inversely correlated to DFCA include PFIX, TMV, and TBT.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.