Morningstar

DFA Selective State Municipal Bond Portfolio Institutional Class DSSMX

Morningstar Medalist Rating
Medalist Rating as of | See Dimensional Investment Hub
  • NAV / 1-Day Return 9.52  /  0.00
  • Total Assets 606.5M
  • Adj. Expense Ratio
    0.230%
  • Expense Ratio 0.230%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.83%
  • Effective Duration 4.47 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis DSSMX

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

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

DFA Selective State Municipal Bond Instl holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings DSSMX

More DSSMX 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

SALT RIV PROJ AGRIC IMPT & PWR DIST ARIZ ELEC SYS REV 4%

1.13 7M
municipal

UNIVERSITY TEX UNIV REVS IAM COML PAPER 3/A2 SER A 2.55%

0.87 5M
municipal

FLORIDA ST TPK AUTH TPK REV 5%

0.80 5M
municipal

KING CNTY WASH SCH DIST NO 411 ISSAQUAH 4%

0.76 4M
municipal

KENTUCKY ST TPK AUTH ECONOMIC DEV RD REV 5%

0.76 4M
municipal

WISCONSIN ST 5%

0.75 4M
municipal

WISCONSIN ST 5%

0.73 4M
municipal

NEW YORK ST DORM AUTH SALES TAX REV ST SUPPORTED DEBT 5%

0.71 4M
municipal

MASSACHUSETTS ST 5%

0.69 4M
municipal

LEE CNTY FLA INDL DEV AUTH HOSP REV 5%

0.66 4M
municipal

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