DFCA Performance — Dimensional California Municipal Bond ETF
Data updated: 2026-09-24
DFCA returned +0.25% year to date and +3.60% over one year to Jul 2026. The annualised 3-year return is +2.40%. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $107, against $109 for the category, and to $104 over one year, against $105. Volatility over the past three years was 3.25% a year. In the 12 months to Jul 2026 the fund took in a net $237.6M, and assets reached $706.98M.
DFCA Growth of $100
What $100 invested in Dimensional California Municipal Bond ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | DFCA | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $104 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $107 | $109 |
| Since data start (May 2023 – Jul 2026) | $108 | $110 |
DFCA Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.25% |
| 1 year | +3.60% |
| 3 years (annualised) | +2.40% |
DFCA Annual Returns
Calendar-year total returns of Dimensional California Municipal Bond ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.25% |
| 2025 | +3.01% |
| 2024 | +1.62% |
| 2023 (May–Dec) | +2.49% |
DFCA Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +0.8% | −1.4% | +0.6% | +0.2% | +0.5% | −1.2% | — | — | — | — | — |
| 2025 | 0.0% | +0.8% | −1.1% | −0.5% | +0.1% | +0.5% | −0.1% | +0.6% | +1.3% | +0.8% | +0.4% | +0.2% |
| 2024 | 0.0% | +0.1% | −0.2% | −0.6% | −0.2% | +0.9% | +0.7% | +0.5% | +0.6% | −0.7% | +0.9% | −0.5% |
| 2023 | — | — | — | — | 0.0% | 0.0% | +0.2% | −0.6% | −1.6% | −0.4% | +3.5% | +1.5% |
DFCA Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 3.25%
- 3-year Sharpe ratio: -0.65 (vs 4.5% risk-free rate)
- Best month: +3.53% (Nov 2023)
- Worst month: −1.64% (Sep 2023)
DFCA Fund Flows
Monthly money in and out of Dimensional California Municipal Bond ETF, from SEC Form N-PORT.
- 12-month net flow: $237.6M
- 12-month gross sales (incl. reinvestments): $241.4M
- Sales ÷ redemptions: 64.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $13.7M | $0 | $13.7M |
| Jun 2026 | $18.8M | $3.8M | $15.0M |
| May 2026 | $8.7M | $0 | $8.7M |
| Apr 2026 | $3.7M | $0 | $3.7M |
| Mar 2026 | $20.1M | $0 | $20.1M |
| Feb 2026 | $10.1M | $0 | $10.1M |
| Jan 2026 | $42.8M | $0 | $42.8M |
| Dec 2025 | $23.8M | $0 | $23.8M |
| Nov 2025 | $17.5M | $0 | $17.5M |
| Oct 2025 | $27.5M | $0 | $27.5M |
| Sep 2025 | $37.3M | $0 | $37.3M |
| Aug 2025 | $17.2M | $0 | $17.2M |
DFCA Assets Under Management
Net assets of Dimensional California Municipal Bond ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $706.98M |
| 2026-04-30 | $677.67M |
| 2026-01-31 | $648.23M |
| 2025-10-31 | $560.23M |
| 2025-07-31 | $468.40M |
| 2025-04-30 | $401.82M |
| 2025-01-31 | $389.66M |
| 2024-10-31 | $344.61M |
| 2024-07-31 | $297.84M |
| 2024-04-30 | $268.44M |
| 2024-01-31 | $226.40M |
| 2023-10-31 | $180.54M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.