
See exactly how DFCA's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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This fund aims to achieve its investment objective by primarily investing in high-quality municipal debt. The income generated from these holdings is exempt from both regular federal income tax and California's state personal income tax. Additionally, the portfolio may employ exchange-traded funds (ETFs) to secure exposure to the municipal bond market during periods when direct investments in municipal bonds are awaiting acquisition.

The winter holiday season is here, and I wanted to join in the festivities. Recently, advisors have become more comfortable turning to active ETFs to help them and their clients navigate the uncertain market environment.

Dimensional Fund Advisors has launched the Dimensional California Municipal Bond ETF (NYSE Arca: DFCA) on the New York Stock Exchange. The fund seeks to provide current income expected to be exempt from federal and California state personal income taxes.