DFA MN Municipal Bond Portfolio Institutional (DMNBX)
9.86
+0.01
(+0.10%)
USD |
Apr 02 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.22% | 29.40M | -- | 42.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 2.149M | 2.52% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide current income that is expected to be exempt from federal personal income taxes and Minnesota state personal income taxes. It will invest primarily in municipal securities issued by or on behalf of Minnesota State or local governments, instrumentalities and regional governmental authorities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Minnesota Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Minnesota 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:
73
-6.218M
Peer Group Low
21.02M
Peer Group High
1 Year
% Rank:
28
2.149M
-66.90M
Peer Group Low
39.68M
Peer Group High
3 Months
% Rank:
73
-24.00M
Peer Group Low
31.03M
Peer Group High
3 Years
% Rank:
32
-275.43M
Peer Group Low
126.79M
Peer Group High
6 Months
% Rank:
73
-36.26M
Peer Group Low
43.47M
Peer Group High
5 Years
% Rank:
49
-477.58M
Peer Group Low
53.54M
Peer Group High
YTD
% Rank:
73
-7.878M
Peer Group Low
31.03M
Peer Group High
10 Years
% Rank:
32
-553.85M
Peer Group Low
368.83M
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 03, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.26% |
| Stock | 0.00% |
| Bond | 98.14% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.60% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| MINNEAPOLIS MINN MN 3.000 12/01/2027 | 4.63% | 99.86 | 0.00% |
| HENNEPIN CNTY MINN MN 5.000 12/01/2031 | 3.26% | 101.24 | -0.02% |
| MINNEAPOLIS MINN MN 5.500 12/01/2026 | 2.72% | 102.01 | -0.02% |
| METROPOLITAN COUNCIL MINN MINNEAPOLIS-ST PAUL MET AREA MN 5.000 12/01/2026 | 2.69% | 101.68 | -0.02% |
| WACONIA MINN MN 02/01/2026 (Matured) | 2.62% | -- | -- |
| WHITE BEAR LAKE MINN INDPT SCH DIST NO 624 MN 5.000 02/01/2028 | 2.18% | 104.65 | -0.02% |
| MINNESOTA ST MN 5.000 08/01/2026 | 1.94% | 100.78 | -0.02% |
| MINNESOTA ST MN 5.000 10/01/2027 | 1.90% | 103.71 | -0.02% |
| OSSEO MINN INDPT SCH DIST NO 279 MN 5.000 02/01/2029 | 1.72% | 106.88 | -0.02% |
| BURNSVILLE MINN MN 5.000 12/20/2028 | 1.71% | 106.74 | -0.02% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.08% |
| 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 expected to be exempt from federal personal income taxes and Minnesota state personal income taxes. It will invest primarily in municipal securities issued by or on behalf of Minnesota State or local governments, instrumentalities and regional governmental authorities. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | Minnesota Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Minnesota Municipal Debt Funds |
| Fund Owner Firm Name | Dimensional |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (4-1-26) | 2.39% |
| 30-Day SEC Yield (2-28-26) | 1.90% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 97 |
| Bond | |
| Yield to Maturity (12-31-25) | 2.46% |
| Effective Duration | 1.02 |
| Average Coupon | 4.82% |
| Calculated Average Quality | 1.347 |
| Effective Maturity | 1.390 |
| Nominal Maturity | 1.810 |
| Number of Bond Holdings | 95 |
As of December 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 7/25/2017 |
| 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:DMNBX", "name") |
| Broad Asset Class: =YCI("M:DMNBX", "broad_asset_class") |
| Broad Category: =YCI("M:DMNBX", "broad_category_group") |
| Prospectus Objective: =YCI("M:DMNBX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |