DFA California Intermediate-Term Municipal Bond Portfolio

Class Inst (DCIBX)

U.S. News evaluated 16 Muni California Intermediate Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 5.51 percent over the past year.

Trailing Returns Updated 06.30.2014
Year to date 4.0%
1 Year 5.5%
3 Years (Annualized) N/A
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to provide current income that is expected to be exempt from federal personal income taxes and California state personal income taxes. The fund normally invests in a universe of municipal securities issued by or on behalf of California state or local governments and their agencies, instrumentalities and regional governmental authorities, the interest on which is exempt from regular federal income tax and the state personal income tax of California. It maintains a dollar-weighted average portfolio maturity of more than three years but less than ten years.

Fees

Fees are Average compared to funds in the same category.
DFA California Intermediate-Term Municipal Bond Portfolio has an expense ratio of 0.23 percent.

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Risk

Risk is N/A compared to funds in the same category according to Morningstar.

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