DFA Short Term Municipal Bond Portfolio

Class Inst (DFSMX)
Scorecard
2 / 5 Stars
Lipper
2 2 5 5 4
Zacks Investment Research
5 (Strong Sell)
Standard & Poor's
4 / 5 Stars
TheStreet.com
C (Hold)

#18 in Muni National Short

U.S. News evaluated 50 Muni National Short 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 0.97 percent over the past year, 0.85 percent over the past three years, 1.45 percent over the past five years, and 2.12 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 0.5%
1 Year 1.0%
3 Years (Annualized) 0.8%
5 Years (Annualized) 1.4%
10 Years (Annualized) 2.1%

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Summary

The investment seeks to provide current income that is exempt from federal personal income taxes and to preserve investors' principal. The fund invests primarily in a universe of investment grade municipal securities, the interest on which is exempt from regular federal income tax. It invests at least 80% of net assets in municipal securities that pay interest exempt from federal income tax. The fund acquires obligations that mature within three years from the date of settlement.

Fees

Fees are Average compared to funds in the same category.
DFA Short Term Municipal Bond Portfolio has an expense ratio of 0.22 percent.

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Risk

Risk is Below Average compared to funds in the same category according to Morningstar.

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