DFA CA Short-Term Municipal Bond I (DFCMX)
| Fund Assets | 907.57M |
| Expense Ratio | 0.19% |
| Min. Investment | $0.00 |
| Turnover | 153.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.47% |
| Dividend Growth | -9.50% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 29, 2026 |
| Previous Close | 10.22 |
| YTD Return | 1.13% |
| 1-Year Return | 2.40% |
| 5-Year Return | 8.31% |
| 52-Week Low | 10.20 |
| 52-Week High | 10.28 |
| Beta (5Y) | 0.04 |
| Holdings | 388 |
| 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 2.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.12%.
Top 10 Holdings
14.81% of assets| Name | Symbol | Weight |
|---|---|---|
| BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.35% | CA.BAYTRN 04.01.2055 | 2.31% |
| RIVERSIDE CNTY CALIF 5% | CA.RIV 5 06.30.2026 | 1.78% |
| SAN DIEGO CNTY & SCH DIST NT PARTNS 5% | CA.SDGSCD 5 08.31.2026 | 1.67% |
| BERKELEY CALIF 4% | CA.BER 4 07.28.2026 | 1.55% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009 | n/a | 1.44% |
| CALIFORNIA ST 5% | CA.CAS 5 03.01.2027 | 1.28% |
| LOS ANGELES CNTY CALIF 5% | CA.LOS 5 06.30.2026 | 1.24% |
| PAJARO VALLEY CALIF UNI SCH DIST 5% | CA.PAJSCD 5 08.01.2026 | 1.22% |
| SAN DIEGO CNTY CALIF 5% | CA.SDG 5 06.30.2026 | 1.17% |
| LOS ANGELES CALIF UNI SCH DIST 5% | CA.LOSSCD 5 07.01.2027 | 1.13% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 29, 2026 | $0.0205 | Jun 30, 2026 |
| May 28, 2026 | $0.01968 | May 29, 2026 |
| Apr 29, 2026 | $0.01938 | Apr 30, 2026 |
| Mar 30, 2026 | $0.02438 | Mar 31, 2026 |
| Feb 26, 2026 | $0.01901 | Feb 27, 2026 |
| Jan 29, 2026 | $0.01207 | Jan 30, 2026 |