DFA California Short Term Municipal Bond Portfolio (DFCMX)
As a fundamental investment policy, under normal market conditions, the Portfolio will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal personal income tax and the California state personal income taxes. The advisor does not currently intend to invest its assets in municipal securities whose interest is subject to the federal alternative minimum tax.
Fund Info
US2332033305
Apr 1, 2007
$0
Expense Ratio
DFCMX has an expense ratio of 0.19%, which is considered low compared to other funds.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DFA California Short Term 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 California Short Term Municipal Bond Portfolio had a return of 2.63% year-to-date (YTD) and 2.63% in the last 12 months. Over the past 10 years, DFA California Short Term Municipal Bond Portfolio had an annualized return of 1.01%, while the S&P 500 had an annualized return of 11.11%, indicating that DFA California Short Term Municipal Bond Portfolio did not perform as well as the benchmark.
DFCMX
2.63%
-0.05%
1.35%
2.63%
1.02%
1.01%
^GSPC (Benchmark)
25.25%
0.08%
9.66%
25.65%
13.17%
11.11%
Monthly Returns
The table below presents the monthly returns of DFCMX, 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 | 0.23% | 0.18% | 0.11% | 0.13% | 0.13% | 0.49% | 0.45% | 0.39% | 0.30% | -0.05% | 0.20% | 2.63% | |
| 2023 | 0.72% | -0.51% | 0.75% | -0.19% | 0.04% | 0.33% | 0.16% | 0.19% | -0.14% | 0.20% | 0.78% | 0.36% | 2.72% |
| 2022 | -0.48% | -0.09% | -0.64% | -0.38% | 0.74% | -0.04% | 0.56% | -0.81% | -0.81% | 0.19% | 1.08% | -0.09% | -0.77% |
| 2021 | 0.13% | -0.04% | -0.03% | 0.03% | -0.06% | 0.03% | 0.03% | -0.08% | -0.09% | 0.02% | 0.01% | -0.08% | -0.13% |
| 2020 | 0.23% | 0.08% | -0.46% | 0.29% | 0.49% | -0.01% | 0.14% | -0.09% | 0.04% | -0.16% | 0.17% | -0.05% | 0.67% |
| 2019 | 0.23% | 0.10% | 0.20% | 0.03% | 0.30% | 0.09% | 0.29% | 0.08% | -0.13% | 0.11% | 0.17% | 0.08% | 1.57% |
| 2018 | 0.19% | 0.06% | -0.09% | -0.12% | 0.38% | 0.27% | 0.10% | 0.09% | -0.20% | 0.01% | 0.26% | 0.29% | 1.26% |
| 2017 | 0.47% | 0.35% | -0.09% | 0.35% | 0.37% | -0.21% | 0.36% | 0.19% | -0.24% | -0.01% | -0.52% | 0.06% | 1.07% |
| 2016 | 0.70% | 0.24% | -0.29% | 0.25% | -0.21% | 0.45% | 0.27% | -0.12% | -0.24% | -0.12% | -1.00% | 0.17% | 0.09% |
| 2015 | 0.78% | -0.37% | -0.01% | -0.14% | -0.23% | 0.25% | 0.26% | 0.06% | 0.36% | 0.17% | -0.09% | -0.03% | 1.02% |
| 2014 | 0.29% | 0.22% | -0.40% | 0.26% | 0.27% | -0.03% | 0.07% | 0.36% | -0.14% | 0.16% | -0.04% | -0.23% | 0.81% |
| 2013 | 0.10% | 0.06% | 0.10% | 0.09% | -0.11% | -0.31% | 0.18% | -0.13% | 0.36% | 0.37% | -0.03% | -0.02% | 0.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, DFCMX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DFA California Short Term Municipal Bond Portfolio (DFCMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DFA California Short Term Municipal Bond Portfolio provided a 2.40% dividend yield over the last twelve months, with an annual payout of $0.25 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.19 | $0.07 | $0.04 | $0.09 | $0.12 | $0.11 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 |
Dividend yield | 2.40% | 1.89% | 0.70% | 0.36% | 0.86% | 1.16% | 1.05% | 0.88% | 0.88% | 0.82% | 0.81% | 0.85% |
Monthly Dividends
The table displays the monthly dividend distributions for DFA California Short Term 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 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.00 | $0.04 | $0.25 |
| 2023 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.07 |
| 2021 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.09 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2015 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2014 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the DFA California Short Term 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 California Short Term Municipal Bond Portfolio was 2.20%, occurring on Sep 29, 2022. Recovery took 129 trading sessions.
The current DFA California Short Term Municipal Bond Portfolio drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.2% | Apr 15, 2021 | 369 | Sep 29, 2022 | 129 | Apr 5, 2023 | 498 |
| -2.14% | Sep 17, 2008 | 23 | Oct 17, 2008 | 21 | Nov 17, 2008 | 44 |
| -1.93% | Mar 10, 2020 | 9 | Mar 20, 2020 | 39 | May 15, 2020 | 48 |
| -1.76% | Aug 25, 2016 | 69 | Dec 1, 2016 | 123 | May 31, 2017 | 192 |
| -1.38% | Aug 31, 2010 | 75 | Dec 15, 2010 | 102 | May 12, 2011 | 177 |
Volatility
Volatility Chart
The current DFA California Short Term Municipal Bond Portfolio volatility is 0.34%, 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.