DFA Municipal Bond Portfolio Institutional Class (DFMPX)
| Fund Assets | 476.78M |
| Expense Ratio | 0.21% |
| Min. Investment | $0.00 |
| Turnover | 76.00% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 2.05% |
| Dividend Growth | 42.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 29, 2026 |
| Previous Close | 10.27 |
| YTD Return | 1.09% |
| 1-Year Return | 4.55% |
| 5-Year Return | 4.03% |
| 52-Week Low | 9.64 |
| 52-Week High | 10.27 |
| Beta (5Y) | 0.16 |
| Holdings | 363 |
| Inception Date | Mar 10, 2015 |
About DFMPX
DFA Municipal Bond Portfolio Institutional Class is an actively managed mutual fund focused on generating current income that is exempt from federal personal income tax. The portfolio primarily invests in a diversified universe of investment‑grade municipal securities, emphasizing high credit quality and limited interest rate sensitivity to help manage volatility. It targets a short-to-intermediate profile, with characteristics such as a relatively low effective duration and an average credit rating in the high-quality range, aligning it with the national municipal bond market’s conservative segment. The fund allocates across multiple states and sectors—such as general obligation, transportation, utilities, and revenue-backed issuers—to broaden credit exposure and reduce idiosyncratic risk. With an institutional share class structure and a low expense profile, it is designed to provide tax-efficient income while maintaining disciplined risk controls typical of municipal strategies. Its role in the market is to serve investors seeking federally tax-exempt income, diversification from taxable fixed income, and exposure to essential public finance projects that support state and local infrastructure and services.
Performance
DFMPX had a total return of 4.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.75%.
Top 10 Holdings
11.52% of assets| Name | Symbol | Weight |
|---|---|---|
| MIAMI-DADE CNTY FLA 5% | n/a | 2.33% |
| TARRANT REGL WTR DIST TEX WTR TRANSMISSION FACS CONTRACT REV 4% | n/a | 1.28% |
| FREDERICK CNTY MD 4% | n/a | 1.11% |
| MARYLAND ST 5% | MD.MDS 5 06.01.2037 | 1.06% |
| BROWARD CNTY FLA SCH DIST 4% | FL.BROSCD 4 06.25.2026 | 1.01% |
| KING CNTY WASH 5% | n/a | 0.97% |
| TRIBOROUGH BRDG & TUNL AUTH N Y REVS 5% | n/a | 0.96% |
| HENRICO CNTY VA 5% | n/a | 0.94% |
| MULTNOMAH CNTY ORE SCH DIST NO 1J PORTLAND 5% | OR.MULSCD 5 06.15.2029 | 0.92% |
| ORLANDO FLA UTILS COMMN UTIL SYS REV 4% | n/a | 0.92% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 29, 2026 | $0.01084 | Jan 30, 2026 |
| Dec 10, 2025 | $0.02844 | Dec 11, 2025 |
| Nov 26, 2025 | $0.01919 | Nov 28, 2025 |
| Oct 30, 2025 | $0.01935 | Oct 31, 2025 |
| Sep 29, 2025 | $0.0178 | Sep 30, 2025 |
| Aug 28, 2025 | $0.01632 | Aug 29, 2025 |