Morningstar

DFA Short Term Municipal Bond Portfolio Institutional Class DFSMX

Morningstar Medalist Rating
Medalist Rating as of | See Dimensional Investment Hub
  • NAV / 1-Day Return 10.18  /  0.00
  • Total Assets 1.4B
  • Adj. Expense Ratio
    0.180%
  • Expense Ratio 0.180%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Short
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.56%
  • Effective Duration 0.65 years

USD | NAV as of Jul 17, 2026 | 1-Day Return as of Jul 17, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DFSMX

Will DFSMX outperform in the 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 DFSMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

DFA Short Term Municipal Bond I holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings DFSMX

More DFSMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SUFFOLK CNTY N Y 4%

1.53 21M
Cash and Equivalents

DANBURY CONN 4%

1.43 20M
municipal

CALIFORNIA ST 5%

1.32 18M
municipal

BROWARD CNTY FLA SCH DIST 4%

1.17 16M
Cash and Equivalents

MARYLAND ST 5%

1.15 16M
municipal

HUDSON CNTY N J 4%

1.14 16M
municipal

UNION CNTY N J 4%

1.09 15M
Cash and Equivalents

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV VRDO IAM COML PAPER 3/A2 SER 2009

1.09 15M
Cash and Equivalents

SEATTLE WASH 5%

0.96 13M
Cash and Equivalents

WESTBOROUGH MASS 4%

0.92 13M
municipal

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