- ISIN
- US25239Y4109
- Issuer
- Dimensional
- Inception Date
- Jul 24, 2017
- Category
- Municipal Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
DMNBX Performance Chart
DFA MN Municipal Bond Portfolio (DMNBX) is up 1.0% since the beginning of the year. DMNBX is currently trading at $10 per share. Investors who bought $1,000 worth of DMNBX shares 5 years ago would now be looking at an investment worth $1,060.
Loading charts...
Compare this symbol against anything
Returns By Period
DFA MN Municipal Bond Portfolio (DMNBX) has returned 0.96% so far this year and 1.68% over the past 12 months.
DFA MN Municipal Bond Portfolio
- 1D
- -0.02%
- 1M
- -0.02%
- 6M
- 0.54%
- YTD
- 0.96%
- 1Y
- 1.68%
- 3Y*
- 2.43%
- 5Y*
- 1.18%
- 10Y*
- —
- ALL TIME*
- -5.47%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DMNBX Monthly Returns History
Based on dividend-adjusted daily data since Jul 10, 2017, DMNBX's average daily return is -0.02%, while the average monthly return is -0.32%.
Historically, 61% of months were positive and 39% were negative. The best month was May 2020 with a return of +1.5%, while the worst month was Jul 2017 at -46.3%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DMNBX closed higher 20% of trading days. The best single day was Mar 25, 2020 with a return of +1.5%, while the worst single day was Jul 25, 2017 at -46.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.42% | 0.37% | -0.39% | 0.10% | 0.19% | 0.29% | -0.02% | 0.96% | |||||
| 2025 | 0.31% | 0.27% | -0.20% | 0.02% | 0.41% | 0.41% | 0.45% | 0.28% | 0.06% | -0.01% | 0.28% | 0.20% | 2.50% |
| 2024 | 0.00% | 0.04% | -0.02% | -0.13% | 0.18% | 0.57% | 0.61% | 0.47% | 0.27% | -0.12% | 0.28% | 0.06% | 2.23% |
| 2023 | 0.91% | -0.95% | 0.98% | -0.32% | -0.19% | 0.41% | 0.22% | 0.03% | -0.60% | 0.25% | 1.38% | 0.51% | 2.65% |
| 2022 | -0.85% | -0.26% | -1.12% | -0.66% | 0.90% | -0.03% | 0.79% | -1.15% | -1.16% | 0.09% | 1.44% | -0.01% | -2.03% |
| 2021 | 0.14% | -0.51% | 0.12% | 0.15% | -0.03% | -0.04% | 0.17% | -0.04% | -0.15% | -0.14% | 0.06% | -0.04% | -0.31% |
Benchmark Metrics
DFA MN Municipal Bond Portfolio has an annualized alpha of -3.90%, beta of 0.01, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 10, 2017.
- This fund participated in 3.06% of S&P 500 Index downside but only -13.93% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.01 may look defensive, but with R2 of 0.00 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 0.00 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.
- Alpha
- -3.90%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- -13.93%
- Downside Capture
- 3.06%
Expense Ratio
DMNBX has an expense ratio of 0.32%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DMNBX ranks 93 for risk / return — above 93% of mutual funds peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for DFA MN Municipal Bond Portfolio (DMNBX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DMNBX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.98 | 1.25 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 2.00 | +1.54 |
| Martin ratioReturn relative to average drawdown | 11.32 | 8.49 | +2.82 |
Dividends
Dividend History
DFA MN Municipal Bond Portfolio provided a 2.28% dividend yield over the last twelve months, with an annual payout of $0.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.22 | $0.20 | $0.21 | $0.14 | $0.09 | $0.08 | $0.16 | $0.11 | $0.11 | $0.03 |
Dividend yield | 2.28% | 2.06% | 2.10% | 1.48% | 0.89% | 0.79% | 1.60% | 1.14% | 1.10% | 0.34% |
Monthly Dividends
The table displays the monthly dividend distributions for DFA MN 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.12 | |||||
| 2025 | $0.00 | $0.02 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.20 |
| 2024 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.21 |
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.14 |
| 2022 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2021 | $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 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the DFA MN 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 MN Municipal Bond Portfolio was 47.47%, occurring on Apr 26, 2018. The portfolio has not yet recovered.
The current DFA MN Municipal Bond Portfolio drawdown is 40.14%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-47.47%Apr 2018 | 9mo 5d | — | 9y 10dJul 2017 - now | — |
-0.11%Jul 2017 | 1d | 1d | 1dJul 2017 - Jul 2017 | — |
Drawdown Indicators
| DMNBX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.47% | -56.78% | +9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.50% | -9.10% | +8.60% |
Max Drawdown (3Y)Largest decline over 3 years | -0.91% | -18.90% | +17.99% |
Max Drawdown (5Y)Largest decline over 5 years | -3.90% | -25.43% | +21.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -40.14% | -1.58% | -38.56% |
Average DrawdownAverage peak-to-trough decline | -44.00% | -10.70% | -33.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.16% | 2.14% | -1.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with DMNBX
Add DFA MN Municipal Bond Portfolio to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with DMNBX