DFA Selective State Municipal Bond Portfolio Inst (DSSMX)
9.52
-0.01
(-0.10%)
USD |
May 28 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.23% | 580.56M | -- | 114.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 87.41M | 4.84% |
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 |
| Equity Style | -- |
| 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:
46
-9.971M
Peer Group Low
158.12M
Peer Group High
1 Year
% Rank:
38
87.41M
-215.12M
Peer Group Low
2.811B
Peer Group High
3 Months
% Rank:
47
-159.97M
Peer Group Low
765.04M
Peer Group High
3 Years
% Rank:
13
-2.384B
Peer Group Low
2.702B
Peer Group High
6 Months
% Rank:
38
-174.52M
Peer Group Low
1.590B
Peer Group High
5 Years
% Rank:
12
-3.794B
Peer Group Low
5.681B
Peer Group High
YTD
% Rank:
32
-161.90M
Peer Group Low
1.078B
Peer Group High
10 Years
% Rank:
25
-5.911B
Peer Group Low
9.212B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 29, 2026.
Asset Allocation
As of February 28, 2026.
| Type | % Net |
|---|---|
| Cash | 0.50% |
| Stock | 0.00% |
| Bond | 101.1% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | -1.59% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| LOUISVILLE & JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV KY 2.400 10/01/2053 | 0.89% | 100.00 | 0.00% |
| University of Texas System UNIVOFAK 03/03/2026 FIX USD Corporate (Matured) | 0.86% | -- | -- |
| University of Texas System UNIVOFAK 05/05/2026 FIX USD Corporate (Matured) | 0.86% | 100.00 | 0.00% |
| ALLEN CNTY OHIO HOSP FACS REV OH 2.450 06/01/2034 | 0.85% | 100.00 | 0.00% |
| FLORIDA ST TPK AUTH TPK REV FL 5.000 07/01/2037 | 0.82% | 114.19 | 0.30% |
| WISCONSIN ST WI 5.000 05/01/2043 | 0.76% | 108.33 | 0.23% |
| KING CNTY WASH SCH DIST NO 411 ISSAQUAH WA 4.000 12/01/2031 | 0.75% | 100.04 | 0.00% |
| WISCONSIN ST WI 5.000 05/01/2027 | 0.73% | 102.33 | 0.02% |
| OHIO ST HIGHER EDL FAC COMMN REV OH 2.500 01/01/2039 | 0.72% | 100.00 | 0.00% |
| NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT NY 5.000 03/15/2042 | 0.72% | 102.54 | 0.07% |
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 |
| Equity Style | -- |
| 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 (5-28-26) | 2.80% |
| 30-Day SEC Yield (4-30-26) | 3.03% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 604 |
| Bond | |
| Yield to Maturity (2-28-26) | 2.76% |
| Effective Duration | 4.47 |
| Average Coupon | 4.56% |
| Calculated Average Quality | 2.106 |
| Effective Maturity | 6.326 |
| Nominal Maturity | 9.003 |
| Number of Bond Holdings | 587 |
As of February 28, 2026
Fund Details
| Key Dates | |
| Inception Date | 9/30/2020 |
| 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: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. |