DFA Intermediate-Term Municipal Bond Portfolio (DFTIX)
As a fundamental investment policy, under normal market conditions, the fund will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax. The adviser does not currently intend to invest its assets in municipal securities whose interest is subject to the federal alternative minimum tax.
Fund Info
US23320G3157
Feb 29, 2012
$0
Expense Ratio
DFTIX has an expense ratio of 0.20%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in DFA Intermediate-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 Intermediate-Term Municipal Bond Portfolio had a return of 0.95% year-to-date (YTD) and 0.95% in the last 12 months. Over the past 10 years, DFA Intermediate-Term Municipal Bond Portfolio had an annualized return of 1.49%, while the S&P 500 had an annualized return of 11.15%, indicating that DFA Intermediate-Term Municipal Bond Portfolio did not perform as well as the benchmark.
DFTIX
0.95%
-0.60%
1.48%
0.95%
0.92%
1.49%
^GSPC (Benchmark)
23.84%
-2.08%
7.89%
23.84%
12.86%
11.15%
Monthly Returns
The table below presents the monthly returns of DFTIX, 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 | -0.30% | 0.05% | -0.22% | -0.71% | -0.31% | 1.07% | 0.81% | 0.89% | 0.56% | -0.97% | 0.70% | 0.95% | |
| 2023 | 1.75% | -1.89% | 1.91% | -0.58% | -0.85% | 0.64% | 0.14% | -0.45% | -1.49% | -0.35% | 3.91% | 1.64% | 4.30% |
| 2022 | -1.72% | -0.30% | -1.72% | -1.30% | 1.34% | -0.28% | 1.53% | -1.68% | -2.28% | -0.17% | 2.73% | 0.24% | -3.67% |
| 2021 | 0.11% | -0.84% | 0.15% | 0.29% | -0.08% | 0.02% | 0.40% | -0.09% | -0.38% | -0.18% | 0.20% | -0.08% | -0.47% |
| 2020 | 1.12% | 0.39% | -1.36% | 0.12% | 2.63% | -0.14% | 0.70% | -0.17% | 0.12% | -0.25% | 0.48% | 0.04% | 3.68% |
| 2019 | 0.76% | 0.41% | 0.71% | 0.07% | 0.92% | 0.41% | 0.72% | 0.60% | -0.66% | 0.25% | 0.12% | 0.21% | 4.59% |
| 2018 | -0.45% | -0.22% | 0.06% | -0.38% | 0.74% | 0.22% | 0.24% | 0.03% | -0.49% | -0.25% | 0.90% | 0.94% | 1.34% |
| 2017 | 0.72% | 0.59% | 0.05% | 0.59% | 0.90% | -0.47% | 0.61% | 0.42% | -0.60% | -0.07% | -0.99% | 0.41% | 2.16% |
| 2016 | 1.27% | 0.27% | -0.35% | 0.58% | -0.28% | 0.98% | 0.21% | -0.09% | -0.41% | -0.37% | -2.43% | 0.50% | -0.15% |
| 2015 | 1.99% | -1.24% | 0.13% | -0.29% | -0.38% | 0.01% | 0.61% | 0.22% | 0.72% | 0.42% | -0.01% | 0.41% | 2.59% |
| 2014 | 1.65% | 1.07% | -0.74% | 1.26% | 0.96% | -0.25% | 0.23% | 1.03% | -0.37% | 0.63% | 0.02% | -0.08% | 5.50% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of DFTIX is 43, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for DFA Intermediate-Term Municipal Bond Portfolio (DFTIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
DFA Intermediate-Term Municipal Bond Portfolio provided a 2.05% dividend yield over the last twelve months, with an annual payout of $0.21 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.21 | $0.18 | $0.15 | $0.14 | $0.16 | $0.16 | $0.15 | $0.14 | $0.14 | $0.15 | $0.16 |
Dividend yield | 2.05% | 1.77% | 1.49% | 1.34% | 1.51% | 1.55% | 1.52% | 1.36% | 1.37% | 1.46% | 1.60% |
Monthly Dividends
The table displays the monthly dividend distributions for DFA Intermediate-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 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.03 | $0.21 |
| 2023 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.18 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.15 |
| 2021 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2020 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
| 2019 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.16 |
| 2018 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.15 |
| 2017 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2016 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2015 | $0.00 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.15 |
| 2014 | $0.03 | $0.02 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.16 |
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 Intermediate-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 Intermediate-Term Municipal Bond Portfolio was 8.02%, occurring on Mar 20, 2020. Recovery took 42 trading sessions.
The current DFA Intermediate-Term Municipal Bond Portfolio drawdown is 1.07%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.02% | Mar 10, 2020 | 9 | Mar 20, 2020 | 42 | May 20, 2020 | 51 |
| -7.13% | Feb 16, 2021 | 428 | Oct 25, 2022 | 432 | Jul 17, 2024 | 860 |
| -5.69% | May 3, 2013 | 87 | Sep 5, 2013 | 155 | Apr 17, 2014 | 242 |
| -3.56% | Aug 25, 2016 | 69 | Dec 1, 2016 | 125 | Jun 2, 2017 | 194 |
| -2.44% | Sep 12, 2017 | 156 | Apr 25, 2018 | 173 | Jan 2, 2019 | 329 |
Volatility
Volatility Chart
The current DFA Intermediate-Term Municipal Bond Portfolio volatility is 0.69%, 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.