DFA CA Municipal Real Return Instl (DCARX)
| Fund Assets | 397.70M |
| Expense Ratio | 0.25% |
| Min. Investment | $0.00 |
| Turnover | 137.00% |
| Dividend (ttm) | 0.34 |
| Dividend Yield | 3.22% |
| Dividend Growth | -14.45% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 29, 2026 |
| Previous Close | 10.69 |
| YTD Return | 2.04% |
| 1-Year Return | 2.89% |
| 5-Year Return | 13.10% |
| 52-Week Low | 10.59 |
| 52-Week High | 10.81 |
| Beta (5Y) | 0.12 |
| Holdings | 422 |
| Inception Date | Nov 1, 2017 |
About DCARX
DFA California Municipal Real Return Portfolio Institutional Class is a mutual fund that invests primarily in inflation-protected municipal securities issued by the state of California and its local governments. Its primary objective is to deliver inflation protection alongside current income, with distributions expected to be exempt from both federal personal income taxes and California state personal income taxes. The portfolio focuses on municipal bonds structured to adjust principal and interest payments based on inflation measures, helping to preserve purchasing power for investors while providing tax-advantaged yield. This fund targets institutional investors seeking a balance of real return potential and tax efficiency within the fixed-income segment of the municipal bond market. Managed by Dimensional Fund Advisors, it emphasizes securities from California municipalities, contributing to the broader landscape of state-specific tax-exempt investment options that support public infrastructure financing.
Performance
DCARX had a total return of 2.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.74%.
Top 10 Holdings
47.11% of assets| Name | Symbol | Weight |
|---|---|---|
| 138319541 Irs Usd R V 12muscpi Rcpurnsa.123126.Float Inflati | n/a | 7.36% |
| 250793159 Irs Usd R V 12muscpi Rcpurnsa.030527.Float Inflati | n/a | 6.59% |
| 231783870 Irs Usd R V 12muscpi Rcpurnsa.022427.Float Inflati | n/a | 5.85% |
| 201673931 Irs Usd R V 12muscpi Rcpurnsa.020927.Float Inflati | n/a | 5.08% |
| 171770616 Irs Usd R V 12muscpi Rcpurnsa.012327.Float Inflati | n/a | 5.08% |
| 032534518 Irs Usd R V 12muscpi Rcpurnsa.102427.Float Inflati | n/a | 4.04% |
| 185206002 Irs Usd R V 12muscpi Rcpurnsa.013027.Float.408732 | n/a | 3.30% |
| 751713978 Irs Usd R V 12muscpi Ruscpi.051527.Float Inflation | n/a | 3.28% |
| 877347317 Irs Usd R V 12muscpi Ruscpi.072427.Float Inflation | n/a | 3.27% |
| 890814878 Irs Usd R V 12muscpi Ruscpi.080127.Float.404465 In | n/a | 3.27% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 29, 2026 | $0.02045 | Jun 30, 2026 |
| May 28, 2026 | $0.0198 | May 29, 2026 |
| Apr 29, 2026 | $0.01959 | Apr 30, 2026 |
| Mar 30, 2026 | $0.0245 | Mar 31, 2026 |
| Feb 26, 2026 | $0.01849 | Feb 27, 2026 |
| Jan 29, 2026 | $0.01223 | Jan 30, 2026 |