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DFA Short Term Municipal Bond I (DFSMX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
10.18
0.00 (0.00%)
At close: Aug 26, 2026
Fund Assets1.37B
Expense Ratio0.18%
Min. Investment$0.00
Turnover198.00%
Dividend (ttm)0.26
Dividend Yield2.52%
Dividend Growth-8.08%
Payout FrequencyMonthly
Ex-Dividend DateJul 30, 2026
Previous Close10.18
YTD Return1.48%
1-Year Return2.25%
5-Year Return9.33%
52-Week Low10.16
52-Week High10.22
Beta (5Y)0.04
Holdings649
Inception DateAug 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.

Fund Family Dimensional Fund Advisors
Category Muni National Short
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol DFSMX
Index ICE BofA Municipal 1-3 Year TR

Performance

DFSMX had a total return of 2.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.63%.

Top 10 Holdings

11.46% of assets
NameSymbolWeight
SUFFOLK CNTY N Y 4%NY.SFK 4 07.24.20261.47%
DANBURY CONN 4%CT.DAN 4 02.22.20271.37%
CALIFORNIA ST 5%CA.CAS 5 04.01.20271.26%
SOMERVILLE MASS 4%MA.SMV 4 05.28.20271.24%
MARYLAND ST 5%MD.MDS 5 08.01.20281.14%
HUDSON CNTY N J 4%NJ.HUD 4 02.24.20271.10%
CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009n/a1.05%
LOUISIANA ST 5%LA.LAS 5 09.01.20270.97%
SPARTANBURG CNTY S C SCH DIST NO 005 5%SC.SPASCD 5 06.15.20270.94%
REVERE MASS 4%MA.REV 4 07.29.20270.92%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jul 30, 2026$0.02137Jul 31, 2026
Jun 29, 2026$0.02105Jun 30, 2026
May 28, 2026$0.02039May 29, 2026
Apr 29, 2026$0.0201Apr 30, 2026
Mar 30, 2026$0.02457Mar 31, 2026
Feb 26, 2026$0.01921Feb 27, 2026
Full Dividend History