DFA CA Short-Term Municipal Bond I (DFCMX)

Fund Assets	897.76M
Expense Ratio	0.188%
Min. Investment	$0.00
Turnover	153.00%
Dividend (ttm)	0.25
Dividend Yield	2.43%
Dividend Growth	-11.39%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 29, 2026

Previous Close	10.15
YTD Return	1.03%
1-Year Return	1.54%
5-Year Return	8.24%
52-Week Low	10.08
52-Week High	10.27
Beta (5Y)	0.05
Holdings	380
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.

• Fund Family: Dimensional Fund Advisors
• Category: CA Sht-Intmdt Muni
• Performance Rating: Average
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: DFCMX
• Index: Index is not available on Lipper Database

Performance

DFCMX had a total return of 1.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.09%.

Top 10 Holdings

18.41% of assets

Name	Symbol	Weight
LOS ANGELES CNTY CALIF 5%	CA.LOS 5 06.30.2027	3.29%
LOS ANGELES CALIF 5%	CA.LOS 5 06.24.2027	2.87%
BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.35%	CA.BAYTRN 04.01.2055	2.42%
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009	n/a	1.89%
SANTA CRUZ CNTY CALIF 5%	n/a	1.82%
RIVERSIDE CNTY CALIF 5%	CA.RIV 5 06.30.2027	1.28%
CALIFORNIA HEALTH FACS FING AUTH REV 2.25%	CA.CASMED 03.01.2041	1.23%
UNIVERSITY CALIF REVS 2.35%	CA.UNVHGR 05.15.2048	1.21%
CALIFORNIA ST 5%	CA.CAS 5 03.01.2027	1.21%
CALIFORNIA ST 5%	CA.CAS 5 10.01.2027	1.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 29, 2026	$0.02074	Sep 30, 2026
Aug 28, 2026	$0.01793	Aug 31, 2026
Jul 30, 2026	$0.02074	Jul 31, 2026
Jun 29, 2026	$0.0205	Jun 30, 2026
May 28, 2026	$0.01968	May 29, 2026
Apr 29, 2026	$0.01938	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

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