DFA Municipal Bond Institutional (DFMPX)

Fund Assets	465.60M
Expense Ratio	0.21%
Min. Investment	$0.00
Turnover	76.00%
Dividend (ttm)	0.23
Dividend Yield	2.33%
Dividend Growth	33.71%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 30, 2026

Previous Close	10.07
YTD Return	0.33%
1-Year Return	2.54%
5-Year Return	3.24%
52-Week Low	10.04
52-Week High	10.29
Beta (5Y)	0.15
Holdings	387
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.

• Fund Family: Dimensional Fund Advisors
• Category: Muni National Short
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: DFMPX
• Index: S&P Intermediate National AMT-Free Muni Bd TR USD

Performance

DFMPX had a total return of 2.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.27%.

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 30, 2026	$0.02082	Jul 31, 2026
Jun 29, 2026	$0.02135	Jun 30, 2026
May 28, 2026	$0.01962	May 29, 2026
Apr 29, 2026	$0.01929	Apr 30, 2026
Mar 30, 2026	$0.02379	Mar 31, 2026
Feb 26, 2026	$0.01744	Feb 27, 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:

Aug 27, 2026

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