DFA CA Short-Term Municipal Bond I (DFCMX)
| Fund Assets | 834.33M |
| Expense Ratio | 0.19% |
| Min. Investment | $0.00 |
| Turnover | 171.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.72% |
| Dividend Growth | 11.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 29, 2025 |
| Previous Close | 10.24 |
| YTD Return | 1.38% |
| 1-Year Return | 1.80% |
| 5-Year Return | 5.99% |
| 52-Week Low | 10.16 |
| 52-Week High | 10.28 |
| Beta (5Y) | 0.04 |
| Holdings | 331 |
| Inception Date | Apr 2, 2007 |
About DFCMX
DFA California Short Term Municipal Bond Portfolio Institutional Class is a mutual fund primarily focused on generating current income exempt from both federal and California state personal income taxes. The fund invests at least 80% of its net assets in high-quality, short-term municipal bonds issued by California state and local governments, which are typically used to finance public infrastructure and community projects. Designed for investors seeking tax-advantaged income, the portfolio maintains an average maturity of three years or less, keeping interest rate sensitivity low and credit quality high. Notable features include a competitive expense ratio and monthly dividend distributions, offering predictable cash flow. The fund’s role in the market centers on providing stable, tax-efficient income for investors with a preference or need for California municipal securities, while also serving as a lower risk, short-duration alternative within fixed-income allocations. Its structure and strategy support investors aiming to manage both tax liability and interest rate risk when investing in municipal bonds.
Performance
DFCMX had a total return of 1.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.01%.
Top 10 Holdings
18.51% of assets| Name | Symbol | Weight |
|---|---|---|
| LOS ANGELES CNTY CALIF 5% | CA.LOS 5 06.30.2026 | 2.54% |
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.4% | CA.BAYTRN 04.01.2055 | 2.52% |
| BlackRock Liquidity Funds - MuniCash | MCSXX | 2.48% |
| RIVERSIDE CNTY CALIF 5% | CA.RIV 5 06.30.2026 | 1.92% |
| SAN DIEGO CNTY CALIF 5% | CA.SDG 5 06.30.2026 | 1.80% |
| BERKELEY CALIF 4% | CA.BER 4 07.28.2026 | 1.66% |
| CALIFORNIA ST 5% | CA.CAS 5 09.01.2025 | 1.56% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009 | n/a | 1.52% |
| LOS ANGELES CALIF 5% | CA.LOS 5 06.25.2026 | 1.33% |
| CALIFORNIA ST DEPT WTR RES CENT VY PROJ REV 5% | CA.CASWTR 5 12.01.2031 | 1.20% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 29, 2025 | $0.02162 | Sep 30, 2025 |
| Aug 28, 2025 | $0.01992 | Aug 29, 2025 |
| Jul 30, 2025 | $0.02395 | Jul 31, 2025 |
| Jun 27, 2025 | $0.02086 | Jun 30, 2025 |
| May 29, 2025 | $0.02378 | May 30, 2025 |
| Apr 29, 2025 | $0.02461 | Apr 30, 2025 |