DFA Intermediate-Term Municipal Bond Portfolio Institutional Class (DFTIX)
| Fund Assets | 1.29B |
| Expense Ratio | 0.19% |
| Min. Investment | $0.00 |
| Turnover | 56.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 2.78% |
| Dividend Growth | 19.17% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 29, 2026 |
| Previous Close | 10.11 |
| YTD Return | 0.45% |
| 1-Year Return | 4.27% |
| 5-Year Return | 5.68% |
| 52-Week Low | 9.94 |
| 52-Week High | 10.30 |
| Beta (5Y) | 0.16 |
| Holdings | 680 |
| 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 4.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.68%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 29, 2026 | $0.0232 | Apr 30, 2026 |
| Mar 30, 2026 | $0.02793 | Mar 31, 2026 |
| Feb 26, 2026 | $0.02106 | Feb 27, 2026 |
| Jan 29, 2026 | $0.01344 | Jan 30, 2026 |
| Dec 10, 2025 | $0.03485 | Dec 11, 2025 |
| Nov 26, 2025 | $0.0233 | Nov 28, 2025 |