DFA Short-Term Selective State Municipal Bond Portfolio (DFABX)
Fund Info
ISIN | US25239Y2798 |
---|---|
Issuer | Dimensional Fund Advisors LP |
Inception Date | Apr 11, 2022 |
Category | Municipal Bonds |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
DFABX has a high expense ratio of 0.25%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DFA Short-Term Selective State Municipal Bond Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
DFA Short-Term Selective State Municipal Bond Portfolio had a return of 0.82% year-to-date (YTD) and 2.84% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.82% | 11.29% |
1 month | 0.34% | 4.87% |
6 months | 1.65% | 17.88% |
1 year | 2.84% | 29.16% |
5 years (annualized) | N/A | 13.20% |
10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of DFABX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 0.11% | 0.23% | 0.04% | 0.24% | 0.82% | ||||||||
2023 | 0.79% | -0.77% | 0.97% | -0.24% | -0.08% | 0.39% | 0.22% | 0.13% | -0.13% | 0.25% | 0.93% | 0.41% | 2.87% |
2022 | -0.30% | 1.01% | -0.05% | 0.84% | -1.13% | -1.15% | 0.05% | 1.28% | 0.02% | 0.55% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of DFABX is 97, placing it in the top 3% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
DFABX (DFA Short-Term Selective State Municipal Bond Portfolio)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DFA Short-Term Selective State Municipal Bond Portfolio granted a 2.60% dividend yield in the last twelve months. The annual payout for that period amounted to $0.26 per share.
Period | TTM | 2023 | 2022 |
---|---|---|---|
Dividend | $0.26 | $0.25 | $0.12 |
Dividend yield | 2.60% | 2.52% | 1.25% |
Monthly Dividends
The table displays the monthly dividend distributions for DFA Short-Term Selective State Municipal Bond Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.08 | |||||||
2023 | $0.02 | $0.01 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.25 |
2022 | $0.00 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the DFA Short-Term Selective State Municipal Bond Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the DFA Short-Term Selective State Municipal Bond Portfolio was 2.46%, occurring on Sep 29, 2022. Recovery took 129 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-2.46% | Aug 3, 2022 | 41 | Sep 29, 2022 | 129 | Apr 5, 2023 | 170 |
-0.79% | Jun 10, 2022 | 5 | Jun 16, 2022 | 14 | Jul 8, 2022 | 19 |
-0.64% | Apr 17, 2023 | 25 | May 19, 2023 | 36 | Jul 13, 2023 | 61 |
-0.4% | Apr 18, 2022 | 14 | May 5, 2022 | 13 | May 24, 2022 | 27 |
-0.33% | Sep 19, 2023 | 8 | Sep 28, 2023 | 24 | Nov 1, 2023 | 32 |
Volatility
Volatility Chart
The current DFA Short-Term Selective State Municipal Bond Portfolio volatility is 0.31%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.