DFA Intermediate-Term Municipal Bd I (DFTIX)
| Fund Assets | 1.34B |
| Expense Ratio | 0.19% |
| Min. Investment | $0.00 |
| Turnover | 41.00% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 2.46% |
| Dividend Growth | 21.89% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 28, 2025 |
| Previous Close | 10.15 |
| YTD Return | 2.24% |
| 1-Year Return | 1.59% |
| 5-Year Return | 3.62% |
| 52-Week Low | 9.80 |
| 52-Week High | 10.18 |
| Beta (5Y) | 0.14 |
| Holdings | 662 |
| Inception Date | Mar 1, 2012 |
About DFTIX
DFA Intermediate-Term Municipal Bond Portfolio Institutional Class is a mutual fund focused on generating current income that is exempt from federal personal income tax. The portfolio primarily invests in investment-grade municipal securities issued by states, cities, and public authorities to finance infrastructure and essential services, maintaining an intermediate profile with a dollar-weighted average maturity generally between three and ten years. It emphasizes broad diversification across many issuers and sectors within the municipal market, seeking to manage credit risk while providing tax-advantaged income. The fund’s approach aligns with the muni national intermediate category, which typically targets durations in the mid-range and spreads exposure across multiple states to reduce concentration risk. It holds hundreds of individual bonds, reflecting a systematic, research-driven process characteristic of its manager. With a low expense ratio and monthly distributions, the fund serves investors looking for federally tax-exempt income and moderate interest rate sensitivity within a diversified municipal bond allocation.
Performance
DFTIX had a total return of 1.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.63%.
Top 10 Holdings
8.07% of assets| Name | Symbol | Weight |
|---|---|---|
| UNIVERSITY TEX UNIV REVS 5% | TX.UNIHGR 5 08.15.2043 | 1.13% |
| MASSACHUSETTS ST 5% | MA.MAS 5 08.01.2040 | 0.97% |
| PRINCE GEORGES CNTY MD 3% | MD.PRI 3 09.15.2027 | 0.83% |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN 4% | TN.MET 4 07.01.2028 | 0.80% |
| HAWAII ST 5% | HI.HIS 5 01.01.2027 | 0.79% |
| MISSISSIPPI ST 5% | MS.MSS 5 10.01.2027 | 0.75% |
| MONTGOMERY CNTY MD 4% | MD.MON 4 11.01.2026 | 0.73% |
| NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5% | NY.NYSHGR 5 02.15.2041 | 0.72% |
| COLUMBUS OHIO 4% | OH.COL 4 04.01.2027 | 0.69% |
| CHARLESTON CNTY S C 5% | SC.CHA 5 11.01.2029 | 0.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 28, 2025 | $0.02115 | Aug 29, 2025 |
| Jul 30, 2025 | $0.02487 | Jul 31, 2025 |
| Jun 27, 2025 | $0.02062 | Jun 30, 2025 |
| May 29, 2025 | $0.02205 | May 30, 2025 |
| Apr 29, 2025 | $0.02203 | Apr 30, 2025 |
| Mar 28, 2025 | $0.02323 | Mar 31, 2025 |