DFA Short-Term Municipal Bond Portfolio Inst (DFSMX)
10.19
0.00 (0.00%)
USD |
Apr 13 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.18% | 1.376B | -- | 198.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -148.54M | 3.18% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide current income that is exempt from federal personal income taxes and to preserve investors' principal by investing in investment grade municipal securities and maintaining an average dollar-weighted maturity of three years or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Dimensional |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
83
-141.20M
Peer Group Low
179.78M
Peer Group High
1 Year
% Rank:
99
-148.54M
-503.12M
Peer Group Low
2.658B
Peer Group High
3 Months
% Rank:
77
-202.80M
Peer Group Low
641.38M
Peer Group High
3 Years
% Rank:
90
-2.025B
Peer Group Low
3.522B
Peer Group High
6 Months
% Rank:
91
-287.06M
Peer Group Low
1.563B
Peer Group High
5 Years
% Rank:
80
-6.850B
Peer Group Low
4.426B
Peer Group High
YTD
% Rank:
77
-202.80M
Peer Group Low
641.38M
Peer Group High
10 Years
% Rank:
86
-4.671B
Peer Group Low
6.087B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 14, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.67% |
| Stock | 0.00% |
| Bond | 98.10% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.23% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| SUFFOLK CNTY N Y NY 4.000 07/24/2026 | 1.53% | 100.44 | -0.00% |
| CALIFORNIA ST CA 5.000 04/01/2027 | 1.32% | 102.68 | -0.01% |
|
Other Assets less Liabilities
|
1.23% | -- | -- |
| BROWARD CNTY FLA SCH DIST FL 4.000 06/25/2026 | 1.17% | 100.26 | -0.00% |
| MARYLAND ST MD 5.000 08/01/2028 | 1.15% | 105.77 | -0.01% |
| HUDSON CNTY N J NJ 02/26/2026 (Matured) | 1.10% | -- | -- |
| UNION CNTY N J NJ 4.000 06/12/2026 | 1.09% | 100.25 | -0.00% |
| CLOVER S C SCH DIST NO 2 YORK CNTY SC 03/01/2026 (Matured) | 1.09% | -- | -- |
| DANBURY CONN CT 02/23/2026 (Matured) | 1.08% | -- | -- |
| MIAMI-DADE CNTY FLA SCH DIST FL 01/07/2026 (Matured) | 1.08% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.15% |
| 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 current income that is exempt from federal personal income taxes and to preserve investors' principal by investing in investment grade municipal securities and maintaining an average dollar-weighted maturity of three years or less. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Short Term |
| Peer Group | Short Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Municipal Debt Funds |
| Fund Owner Firm Name | Dimensional |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (4-10-26) | 2.63% |
| 30-Day SEC Yield (2-28-26) | 2.23% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 573 |
| Bond | |
| Yield to Maturity (12-31-25) | 2.33% |
| Effective Duration | 0.62 |
| Average Coupon | 4.63% |
| Calculated Average Quality | 1.758 |
| Effective Maturity | 0.7075 |
| Nominal Maturity | 1.554 |
| Number of Bond Holdings | 564 |
As of December 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 8/20/2002 |
| Last Annual Report Date | 10/31/2025 |
| Last Prospectus Date | 2/28/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| 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:DFSMX", "name") |
| Broad Asset Class: =YCI("M:DFSMX", "broad_asset_class") |
| Broad Category: =YCI("M:DFSMX", "broad_category_group") |
| Prospectus Objective: =YCI("M:DFSMX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |