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Morningstar

DFA Municipal Bond Institutional DFMPX

Morningstar Medalist Rating
Medalist Rating as of | See Dimensional Investment Hub
  • NAV / 1-Day Return 9.91  /  0.00
  • Total Assets 557.6 Mil
  • Adj. Expense Ratio
    0.210%
  • Expense Ratio 0.210%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 1.18%
  • Effective Duration 3.17 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:14 PM GMT+0

Morningstar’s Analysis DFMPX

Will DFMPX 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 DFMPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the DFMPX 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 DFMPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

DFA Municipal Bond Institutional's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

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 DFMPX

More DFMPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MIAMI-DADE CNTY FLA 5%

1.91 11.4 Mil
municipal

BlackRock Liquidity MuniCash Instl

1.68 10.0 Mil
Cash and Equivalents

TARRANT REGL WTR DIST TEX WTR TRANSMISSION FACS CONTRACT REV 4%

1.02 6.1 Mil
municipal

SEATTLE WASH WTR SYS REV 5%

1.01 6.0 Mil
municipal

WASHINGTON ST 5%

0.97 5.8 Mil
municipal

NEW YORK ST DORM AUTH ST PERS INCOME TAX REV 5%

0.94 5.6 Mil
municipal

MARYLAND ST 5%

0.87 5.2 Mil
municipal

CALIFORNIA ST 3.5%

0.86 5.1 Mil
municipal

MINNEAPOLIS MINN SPL SCH DIST NO 001 5%

0.85 5.0 Mil
municipal

KING CNTY WASH 5%

0.81 4.8 Mil
municipal