DFA CA Municipal Real Return Instl (DCARX)

Fund Assets	397.52M
Expense Ratio	0.244%
Min. Investment	$0.00
Turnover	137.00%
Dividend (ttm)	0.24
Dividend Yield	2.30%
Dividend Growth	-10.74%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 29, 2026

Previous Close	10.61
YTD Return	1.93%
1-Year Return	1.98%
5-Year Return	10.68%
52-Week Low	10.51
52-Week High	10.76
Beta (5Y)	0.12
Holdings	417
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.

• Fund Family: Dimensional Fund Advisors
• Category: CA Sht-Intmdt Muni
• Performance Rating: Above Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: DCARX
• Index: S&P Intermediate California AMT-Free Muni TR USD

Performance

DCARX had a total return of 1.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.64%.

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.01976	Sep 30, 2026
Aug 28, 2026	$0.01768	Aug 31, 2026
Jul 30, 2026	$0.02112	Jul 31, 2026
Jun 29, 2026	$0.02045	Jun 30, 2026
May 28, 2026	$0.0198	May 29, 2026
Apr 29, 2026	$0.01959	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

Data Sources Report a data error