DFA Short Term Municipal Bond I (DFSMX)
| Fund Assets | 1.44B |
| Expense Ratio | 0.19% |
| Min. Investment | $0.00 |
| Turnover | 186.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.75% |
| Dividend Growth | 6.51% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 10.22 |
| YTD Return | 1.37% |
| 1-Year Return | 2.02% |
| 5-Year Return | 6.84% |
| 52-Week Low | 10.14 |
| 52-Week High | 10.22 |
| Beta (5Y) | 0.03 |
| Holdings | 585 |
| Inception Date | Aug 20, 2002 |
About DFSMX
DFA Short Term Municipal Bond Portfolio Institutional Class is a mutual fund designed to deliver federally tax-exempt income while seeking to preserve capital. This fund primarily invests in a diversified portfolio of investment grade municipal bonds issued by U.S. states and local governments, with an average dollar-weighted maturity capped at three years. Its short duration approach aims to minimize interest rate risk while providing steady monthly income for investors, particularly those seeking tax-efficient fixed income options. The portfolio features more than 500 holdings, balancing broad municipal sector exposure and credit quality, and is structured to pay monthly dividends. Its role in the financial market centers on offering tax-advantaged income for institutions and individuals, serving as a conservative allocation within a broader portfolio and helping mitigate portfolio volatility through low correlation with equities and longer-duration bonds.
Performance
DFSMX had a total return of 2.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.59%.
Top 10 Holdings
10.48% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA ST 5% | CA.CAS 5 04.01.2027 | 1.25% |
| MINNESOTA ST 5% | MN.MNS 5 08.01.2027 | 1.13% |
| MARYLAND ST 5% | MD.MDS 5 08.01.2028 | 1.09% |
| BROWARD CNTY FLA SCH DIST 4% | n/a | 1.03% |
| UNION CNTY N J 4% | n/a | 1.03% |
| HUDSON CNTY N J 4% | n/a | 1.03% |
| DANBURY CONN 4% | n/a | 1.02% |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009 | n/a | 1.02% |
| NORTH HEMPSTEAD N Y 4% | n/a | 0.97% |
| SEATTLE WASH 5% | n/a | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 28, 2025 | $0.02055 | Aug 29, 2025 |
| Jul 30, 2025 | $0.02521 | Jul 31, 2025 |
| Jun 27, 2025 | $0.02145 | Jun 30, 2025 |
| May 29, 2025 | $0.02342 | May 30, 2025 |
| Apr 29, 2025 | $0.02429 | Apr 30, 2025 |
| Mar 28, 2025 | $0.0253 | Mar 31, 2025 |