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Morningstar

DFA Short Term Municipal Bond I DFSMX

Morningstar Medalist Rating
Medalist Rating as of | See Dimensional Investment Hub
  • NAV / 1-Day Return 10.19  /  0.00
  • Total Assets 1.5 Bil
  • Adj. Expense Ratio
    0.190%
  • Expense Ratio 0.190%
  • 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 2.46%
  • Effective Duration 0.50 years

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

Morningstar’s Analysis DFSMX

Will DFSMX 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 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.

DFA 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 DFSMX

More DFSMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity MuniCash Instl

1.81 27.8 Mil
Cash and Equivalents

MINNESOTA ST 5%

1.66 25.5 Mil
Cash and Equivalents

QUINCY MASS 5%

1.12 17.1 Mil
Cash and Equivalents

ROCHESTER N Y 4.5%

1.05 16.2 Mil
Cash and Equivalents

NORTH HEMPSTEAD N Y 4%

1.05 16.0 Mil
municipal

PHILADELPHIA PA WTR & WASTEWTR REV 5%

1.01 15.6 Mil
municipal

GASTON CNTY N C 4%

1.01 15.5 Mil
municipal

BROWARD CNTY FLA SCH DIST 5%

1.00 15.3 Mil
Cash and Equivalents

HAMILTON TWP MERCER CNTY N J 5%

0.99 15.2 Mil
municipal

BERGEN CNTY N J 5%

0.94 14.4 Mil
municipal