DFA Selective State Municipal Bond Portfolio Inst (DSSMX)
9.50
+0.01
(+0.11%)
USD |
Apr 02 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.23% | 571.39M | -- | 114.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 119.13M | 3.82% |
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:
75
-156.59M
Peer Group Low
344.00M
Peer Group High
1 Year
% Rank:
28
119.13M
-256.26M
Peer Group Low
2.157B
Peer Group High
3 Months
% Rank:
33
-153.87M
Peer Group Low
954.84M
Peer Group High
3 Years
% Rank:
13
-2.484B
Peer Group Low
2.641B
Peer Group High
6 Months
% Rank:
34
-188.01M
Peer Group Low
1.777B
Peer Group High
5 Years
% Rank:
12
-3.771B
Peer Group Low
5.691B
Peer Group High
YTD
% Rank:
27
-153.87M
Peer Group Low
656.85M
Peer Group High
10 Years
% Rank:
24
-5.843B
Peer Group Low
9.032B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of April 04, 2026.
Asset Allocation
As of December 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.00% |
| Stock | 0.00% |
| Bond | 98.84% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 1.16% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Other Assets less Liabilities
|
1.16% | -- | -- |
| MIAMI-DADE CNTY FLA SCH DIST FL 01/07/2026 (Matured) | 0.94% | -- | -- |
| University of Texas System UNIVOFAK 03/03/2026 FIX USD Corporate (Matured) | 0.94% | -- | -- |
| FLORIDA ST TPK AUTH TPK REV FL 5.000 07/01/2037 | 0.88% | 113.74 | -0.01% |
| KING CNTY WASH SCH DIST NO 411 ISSAQUAH WA 4.000 12/01/2031 | 0.82% | 100.07 | -0.00% |
| WISCONSIN ST WI 5.000 05/01/2043 | 0.81% | 107.62 | -0.00% |
| CONROE TEX INDPT SCH DIST TX 02/15/2032 (Called) | 0.76% | -- | -- |
| SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV AZ 4.000 01/01/2038 | 0.75% | 100.05 | 0.00% |
| MASSACHUSETTS ST MA 5.000 01/01/2043 | 0.75% | 101.60 | -0.01% |
| ALLEN CNTY OHIO HOSP FACS REV OH 1.900 06/01/2034 | 0.71% | 100.00 | 0.00% |
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 (4-1-26) | 2.79% |
| 30-Day SEC Yield (2-28-26) | 2.77% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 573 |
| Bond | |
| Yield to Maturity (12-31-25) | 3.18% |
| Effective Duration | 4.06 |
| Average Coupon | 4.61% |
| Calculated Average Quality | 2.093 |
| Effective Maturity | 6.232 |
| Nominal Maturity | 8.870 |
| Number of Bond Holdings | 570 |
As of December 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 9/30/2020 |
| 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: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. |