DFCA

Dimensional California Municipal Bond ETF seeks to provide current income that is expected to be exempt from federal personal income tax and California state personal income taxes. The fund 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. The portfolio may also invest in exchange-traded funds (ETFs) to gain exposure to the municipal bond market pending investment in municipal bonds.