DFA Selective State Municipal Bond Portfolio Inst (DSSMX)
9.57
+0.01
(+0.10%)
USD |
Jan 09 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.23% | 540.42M | -- | 77.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 82.82M | 4.31% | 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 |
| 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
-28.96M
Peer Group Low
299.00M
Peer Group High
1 Year
% Rank:
31
82.82M
-481.99M
Peer Group Low
1.961B
Peer Group High
3 Months
% Rank:
38
-93.57M
Peer Group Low
783.84M
Peer Group High
3 Years
% Rank:
14
-2.583B
Peer Group Low
2.400B
Peer Group High
6 Months
% Rank:
39
-110.82M
Peer Group Low
1.375B
Peer Group High
5 Years
% Rank:
10
-3.732B
Peer Group Low
5.708B
Peer Group High
YTD
% Rank:
--
--
Peer Group Low
--
Peer Group High
10 Years
% Rank:
25
-5.729B
Peer Group Low
8.569B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of January 13, 2026.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 0.06% |
| Stock | 0.00% |
| Bond | 99.19% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.75% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
Other Assets less Liabilities
|
1.20% | -- | -- |
| MIAMI-DADE CNTY FLA SCH DIST FL 4.000 01/07/2026 | 0.95% | -- | -- |
| University of Texas System UNIVOFAK 2.7 03/03/2026 FIX USD Corporate | 0.95% | -- | -- |
| FLORIDA ST TPK AUTH TPK REV FL 5.000 07/01/2037 | 0.89% | -- | -- |
| KING CNTY WASH SCH DIST NO 411 ISSAQUAH WA 4.000 12/01/2031 | 0.83% | 100.32 | -0.00% |
| WISCONSIN ST WI 5.000 05/01/2043 | 0.82% | 108.72 | 0.00% |
| CONROE TEX INDPT SCH DIST TX 5.000 02/15/2032 | 0.77% | -- | -- |
| SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV AZ 4.000 01/01/2038 | 0.76% | 100.39 | 0.00% |
| MASSACHUSETTS ST MA 5.000 01/01/2043 | 0.76% | 102.07 | -0.00% |
| EAST BRUNSWICK TWP N J NJ 4.000 07/14/2026 | 0.69% | -- | -- |
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 (1-9-26) | 2.71% |
| 30-Day SEC Yield (11-30-25) | 3.09% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 563 |
| Bond | |
| Yield to Maturity (9-30-25) | 3.21% |
| Effective Duration | 4.19 |
| Average Coupon | 4.61% |
| Calculated Average Quality | 2.096 |
| Effective Maturity | 5.865 |
| Nominal Maturity | 8.623 |
| Number of Bond Holdings | 560 |
As of September 30, 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. |