DFA Selective State Municipal Bond Portfolio Inst (DSSMX)
9.52
0.00 (0.00%)
USD |
Dec 05 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.23% | 526.51M | -- | 77.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 76.86M | 2.63% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Portfolio seeks to provide current income that is expected to be exempt from federal personal income taxes. It invests primarily in a universe of investment grade municipal securities. The Portfolio will maintain a dollar-weighted average portfolio duration of more than three years but less than five years. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Medium Term |
| Peer Group | Short-Intmdt Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short-Intmdt 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:
80
-69.82M
Peer Group Low
214.11M
Peer Group High
1 Year
% Rank:
24
76.86M
-567.18M
Peer Group Low
1.709B
Peer Group High
3 Months
% Rank:
53
-176.42M
Peer Group Low
822.55M
Peer Group High
3 Years
% Rank:
10
-2.830B
Peer Group Low
2.310B
Peer Group High
6 Months
% Rank:
38
-107.65M
Peer Group Low
1.284B
Peer Group High
5 Years
% Rank:
10
-3.667B
Peer Group Low
5.549B
Peer Group High
YTD
% Rank:
25
-476.58M
Peer Group Low
1.662B
Peer Group High
10 Years
% Rank:
32
-5.703B
Peer Group Low
8.350B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 07, 2025.
Asset Allocation
As of August 31, 2025.
| Type | % Net |
|---|---|
| Cash | -0.00% |
| Stock | 0.00% |
| Bond | 102.5% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -2.48% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| BROWARD CNTY FLA SCH DIST FL 4.000 06/25/2026 | 0.99% | -- | -- |
| MIAMI-DADE CNTY FLA SCH DIST FL 4.000 01/07/2026 | 0.98% | -- | -- |
| KING CNTY WASH SCH DIST NO 411 ISSAQUAH WA 4.000 12/01/2031 | 0.84% | 100.32 | -0.01% |
| CHARLOTTE-MECKLENBURG HOSP AUTH N C HEALTH CARE SYS REV NC 2.000 01/15/2048 | 0.83% | 100.00 | 0.00% |
| WISCONSIN ST WI 5.000 05/01/2043 | 0.81% | 108.36 | -0.01% |
| LOUISVILLE & JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV KY 1.950 10/01/2053 | 0.80% | 100.00 | 0.00% |
| CONROE TEX INDPT SCH DIST TX 5.000 02/15/2032 | 0.79% | -- | -- |
| SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV AZ 4.000 01/01/2038 | 0.77% | 100.33 | -0.00% |
| MASSACHUSETTS ST MA 5.000 01/01/2043 | 0.77% | 102.02 | -0.01% |
| EAST BRUNSWICK TWP N J NJ 4.000 07/14/2026 | 0.71% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.17% |
| 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 Portfolio seeks to provide current income that is expected to be exempt from federal personal income taxes. It invests primarily in a universe of investment grade municipal securities. The Portfolio will maintain a dollar-weighted average portfolio duration of more than three years but less than five years. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal Medium Term |
| Peer Group | Short-Intmdt Municipal Debt Funds |
| Global Macro | -- |
| US Macro | National Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short-Intmdt Municipal Debt Funds |
| Fund Owner Firm Name | Dimensional |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-4-25) | 2.38% |
| 30-Day SEC Yield (10-31-25) | 3.07% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 574 |
| Bond | |
| Yield to Maturity (8-31-25) | 3.20% |
| Effective Duration | 4.18 |
| Average Coupon | 4.58% |
| Calculated Average Quality | 2.107 |
| Effective Maturity | 6.185 |
| Nominal Maturity | 9.153 |
| Number of Bond Holdings | 572 |
As of August 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 9/30/2020 |
| Last Annual Report Date | 10/31/2024 |
| Last Prospectus Date | 2/28/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication 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:DSSMX", "name") |
| Broad Asset Class: =YCI("M:DSSMX", "broad_asset_class") |
| Broad Category: =YCI("M:DSSMX", "broad_category_group") |
| Prospectus Objective: =YCI("M:DSSMX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |