DFA Municipal Real Return Portfolio (DMREX)

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DFA Municipal Real Return Portfolio (DMREX) is up 2.1% since the beginning of the year. DMREX is currently trading at $11 per share. Investors who bought $1,000 worth of DMREX shares 5 years ago would now be looking at an investment worth $1,136.

DFA Municipal Real Return Portfolio (DMREX) has returned 2.05% so far this year and 3.21% over the past 12 months. Over the last ten years, DMREX has returned 2.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jan 2, 2015, DMREX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.

Historically, 74% of months were positive and 26% were negative. The best month was May 2020 with a return of +3.5%, while the worst month was Mar 2020 at -5.5%. The longest winning streak lasted 24 consecutive months, and the longest losing streak was 3 months.

On a daily basis, DMREX closed higher 37% of trading days. The best single day was Mar 25, 2020 with a return of +3.5%, while the worst single day was Mar 19, 2020 at -2.5%.

DFA Municipal Real Return Portfolio has an annualized alpha of 2.10%, beta of 0.05, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since January 02, 2015.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.33%) than losses (7.77%) - typical of diversified or defensive assets.
• Beta of 0.05 may look defensive, but with R2 of 0.08 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 0.08 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.

DMREX has an expense ratio of 0.24%, which is considered low.

DMREX ranks 94 for risk / return — in the top 94% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

DFA Municipal Real Return Portfolio provided a 3.25% dividend yield over the last twelve months, with an annual payout of $0.35 per share.

The table displays the monthly dividend distributions for DFA Municipal Real Return 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 Real Return 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 Real Return Portfolio was 13.22%, occurring on Mar 20, 2020. Recovery took 82 trading sessions.

The current DFA Municipal Real Return Portfolio drawdown is 0.28%.

The chart below shows the rolling one-month volatility.