DFA California Municipal Real Return Portfl Inst (DCARX)
10.60
0.00 (0.00%)
USD |
Dec 24 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.26% | 378.52M | -- | 87.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 38.34M | 3.11% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide inflation protection and earn current income that is expected to be exempt from federal personal income taxes and California state personal income taxes. It invests primarily in a universe of municipal securities. It will maintain an average portfolio duration of no greater than five years. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Medium Term |
| Peer Group | California Sh-Intmdt Municipal Debt Fds |
| Global Macro | -- |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | California Sh-Intmdt Municipal Debt Fds |
| Fund Owner Firm Name | Dimensional |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
53
-1.109M
Peer Group Low
8.562M
Peer Group High
1 Year
% Rank:
59
38.34M
7.861M
Peer Group Low
148.33M
Peer Group High
3 Months
% Rank:
36
-13.73M
Peer Group Low
26.23M
Peer Group High
3 Years
% Rank:
30
-162.91M
Peer Group Low
93.41M
Peer Group High
6 Months
% Rank:
36
919254.0
Peer Group Low
86.82M
Peer Group High
5 Years
% Rank:
6
-294.66M
Peer Group Low
180.56M
Peer Group High
YTD
% Rank:
71
13.83M
Peer Group Low
133.24M
Peer Group High
10 Years
% Rank:
6
-472.41M
Peer Group Low
334.14M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 26, 2025.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | -0.00% |
| Stock | 0.00% |
| Bond | 100.8% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -0.80% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Inflation Swap General Security
|
3.27% | -- | -- |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV CA 3.000 04/01/2055 | 2.62% | 100.00 | 0.00% |
| CALIFORNIA ST CA 08/01/2027 (Called) | 2.00% | 100.21 | -0.00% |
| SAN FRANCISCO CALIF BAY AREA RAPID TRAN DIST CA 5.000 08/01/2027 | 1.85% | -- | -- |
| BERKELEY CALIF CA 4.000 07/28/2026 | 1.70% | -- | -- |
| LOS ANGELES CALIF UNI SCH DIST CA 5.000 07/01/2030 | 1.67% | 112.59 | -0.02% |
| SAN DIEGO CNTY & SCH DIST NT PARTNS CALIF CA 5.000 08/31/2026 | 1.37% | -- | -- |
| SAN DIEGO CNTY CALIF CA 5.000 06/30/2026 | 1.36% | -- | -- |
| VENTURA CNTY CALIF CMNTY COLLEGE DIST CA 4.000 08/01/2032 | 1.34% | 100.24 | 0.00% |
| 11/04/2025 (Matured) | 1.34% | 100.00 | 0.01% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.20% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide inflation protection and earn current income that is expected to be exempt from federal personal income taxes and California state personal income taxes. It invests primarily in a universe of municipal securities. It will maintain an average portfolio duration of no greater than five years. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Medium Term |
| Peer Group | California Sh-Intmdt Municipal Debt Fds |
| Global Macro | -- |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | California Sh-Intmdt Municipal Debt Fds |
| Fund Owner Firm Name | Dimensional |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-23-25) | 2.69% |
| 30-Day SEC Yield (11-30-25) | 2.25% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 319 |
| Bond | |
| Yield to Maturity (9-30-25) | 2.09% |
| Effective Duration | 1.28 |
| Average Coupon | 4.66% |
| Calculated Average Quality | 2.004 |
| Effective Maturity | 2.636 |
| Nominal Maturity | 4.389 |
| Number of Bond Holdings | 315 |
As of September 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 11/1/2017 |
| Attributes | |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:DCARX", "name") |
| Broad Asset Class: =YCI("M:DCARX", "broad_asset_class") |
| Broad Category: =YCI("M:DCARX", "broad_category_group") |
| Prospectus Objective: =YCI("M:DCARX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |