DFA Municipal Bond Portfolio (DFMPX)

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DFA Municipal Bond Portfolio (DFMPX) is up 0.9% since the beginning of the year. DFMPX is currently trading at $10 per share. Investors who bought $1,000 worth of DFMPX shares 5 years ago would now be looking at an investment worth $1,042.

DFA Municipal Bond Portfolio (DFMPX) has returned 0.90% so far this year and 4.11% over the past 12 months. Over the last ten years, DFMPX has returned 1.22% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 4, 2016, DFMPX's average daily return is +0.01%, while the average monthly return is +0.11%. At this rate, an investment would double in approximately 52.5 years.

Historically, 59% of months were positive and 41% were negative. The best month was Nov 2023 with a return of +3.1%, while the worst month was Sep 2022 at -2.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, DFMPX closed higher 28% of trading days. The best single day was Mar 25, 2020 with a return of +2.4%, while the worst single day was Mar 20, 2020 at -2.0%.

DFA Municipal Bond Portfolio has an annualized alpha of 1.15%, beta of 0.02, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.

• This fund participated in 9.94% of S&P 500 Index downside but only 7.67% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.02 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DFMPX has an expense ratio of 0.21%, which is considered low.

DFMPX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

DFA Municipal Bond Portfolio provided a 2.23% dividend yield over the last twelve months, with an annual payout of $0.23 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for DFA Municipal Bond Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the DFA 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 Municipal Bond Portfolio was 7.63%, occurring on Oct 25, 2022. Recovery took 584 trading sessions.

The current DFA Municipal Bond Portfolio drawdown is 0.46%.

The chart below shows the rolling one-month volatility.