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Morningstar

DFA CA Short-Term Municipal Bond I DFCMX

Morningstar Medalist Rating
Medalist Rating as of | See Dimensional Investment Hub
  • NAV / 1-Day Return 10.22  /  0.00
  • Total Assets 689.7 Mil
  • Adj. Expense Ratio
    0.190%
  • Expense Ratio 0.190%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni Single State Short
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.30%
  • Effective Duration 0.65 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis DFCMX

Will DFCMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DFCMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DFCMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of DFCMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

DFA CA Short-Term Municipal Bond I’s management team is rated Average, but a solid investment process still helps this strategy retain its Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings DFCMX

More DFCMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

4.11 27.7 Mil
Cash and Equivalents

CALIFORNIA ST 5%

2.31 15.6 Mil
municipal

GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5%

2.30 15.5 Mil
municipal

CALIFORNIA ST 5%

2.00 13.5 Mil
municipal

CALIFORNIA ST DEPT WTR RES CENT VY PROJ REV 5%

1.51 10.2 Mil
municipal

CALIFORNIA ST 5%

1.50 10.1 Mil
municipal

CALIFORNIA ST 5%

1.44 9.7 Mil
municipal

CALIFORNIA ST 5.5%

1.40 9.5 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY UNI SCH DIST 4%

1.31 8.9 Mil
Cash and Equivalents

ORANGE CNTY CALIF TRANSN AUTH REV 5%

1.19 8.1 Mil
municipal