DFA MN Municipal Bond Portfolio (DMNBX)
The fund seeks its investment objective by investing primarily in a universe of municipal securities issued by or on behalf of Minnesota state or local governments and their agencies, instrumentalities and regional governmental authorities, the interest on which is exempt from regular federal income tax and the state personal income tax of Minnesota. It invests in municipal and other fixed income securities that have an investment grade credit rating. The fund is non-diversified.
Fund Info
US25239Y4109
Jul 24, 2017
$0
Expense Ratio
DMNBX has an expense ratio of 0.32%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
DFA MN Municipal Bond Portfolio (DMNBX) returned 0.71% year-to-date (YTD) and 2.85% over the past 12 months.
DMNBX
0.71%
0.31%
0.77%
2.85%
1.84%
0.58%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of DMNBX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.43% | 0.27% | 0.01% | -0.20% | 0.20% | 0.71% | |||||||
| 2024 | 0.00% | 0.04% | -0.02% | -0.13% | 0.17% | 0.58% | 0.60% | 0.47% | 0.26% | -0.12% | 0.29% | 0.06% | 2.21% |
| 2023 | 0.91% | -0.94% | 0.98% | -0.32% | -0.19% | 0.41% | 0.22% | 0.03% | -0.60% | 0.25% | 1.38% | 0.51% | 2.65% |
| 2022 | -0.84% | -0.26% | -1.11% | -0.67% | 0.90% | -0.03% | 0.79% | -1.15% | -1.16% | 0.09% | 1.44% | -0.01% | -2.04% |
| 2021 | 0.14% | -0.50% | 0.12% | 0.15% | -0.03% | -0.03% | 0.17% | -0.04% | -0.15% | -0.14% | 0.06% | -0.04% | -0.30% |
| 2020 | 0.52% | 0.27% | -0.68% | 0.19% | 1.48% | -0.12% | 0.27% | -0.08% | 0.12% | -0.11% | 0.15% | -0.50% | 1.50% |
| 2019 | 0.53% | 0.38% | 0.39% | 0.02% | 0.70% | 0.28% | 0.51% | 0.29% | -0.33% | 0.22% | 0.09% | 0.19% | 3.32% |
| 2018 | -0.50% | -0.13% | -0.08% | -0.33% | 0.62% | 0.18% | 0.31% | -0.01% | -0.43% | -0.20% | 0.69% | 0.71% | 0.82% |
| 2017 | -0.10% | 0.40% | -0.67% | 0.09% | -0.94% | 0.37% | -0.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, DMNBX is among the top 4% 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 MN Municipal Bond Portfolio (DMNBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
DFA MN Municipal Bond Portfolio provided a 2.04% dividend yield over the last twelve months, with an annual payout of $0.20 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.20 | $0.21 | $0.15 | $0.09 | $0.08 | $0.16 | $0.12 | $0.11 | $0.03 |
Dividend yield | 2.04% | 2.09% | 1.48% | 0.89% | 0.80% | 1.60% | 1.15% | 1.12% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.01 | $0.02 | $0.02 | $0.02 | $0.00 | $0.07 | |||||||
| 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 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
| 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 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.06 | $0.16 |
| 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 | $0.03 |
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.
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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 4.62%, occurring on Mar 20, 2020. Recovery took 40 trading sessions.
The current DFA MN Municipal Bond Portfolio drawdown is 0.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.62% | Mar 10, 2020 | 9 | Mar 20, 2020 | 40 | May 18, 2020 | 49 |
| -4.39% | Aug 11, 2020 | 539 | Sep 29, 2022 | 426 | Jun 11, 2024 | 965 |
| -2.46% | Sep 11, 2017 | 158 | Apr 26, 2018 | 193 | Feb 1, 2019 | 351 |
| -0.91% | Apr 7, 2025 | 3 | Apr 9, 2025 | — | — | — |
| -0.7% | Aug 29, 2019 | 12 | Sep 16, 2019 | 64 | Dec 16, 2019 | 76 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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