C000046747 Fees and Costs — DFA California Short-Term Municipal Bond Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.19%: a 0.16% management fee plus 0.04% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 153%.
C000046747 Fees and Expenses
Annual operating expenses and sales charges of C000046747. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.20% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.19% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000046747 Costs Over Time
On $10,000 invested in C000046747, assuming 5% a year before costs, total costs come to $121 over 5 years, cutting the return by 0.20% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.19%) | $20 | $63 | $110 |
| Lost growth on money paid in costs | $0 | $3 | $11 |
| Total costs | $20 | $66 | $121 |
| Value after costs | $10,480 | $11,510 | $12,642 |
| Impact on return, per year | 0.20% | 0.20% | 0.20% |
C000046747 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.9B
- Portfolio turnover (prospectus): 153%
- Securities lending: none during the year
C000046747 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $856.8M | 47.96% |
| J.P. Morgan Securities LLC | $365.2M | 20.44% |
| Barclays Capital Inc. | $209.7M | 11.74% |
| BofA Securities, Inc. | $93.6M | 5.24% |
| RBC Capital Markets, LLC | $85.5M | 4.79% |
| Morgan Stanley & Co. LLC | $51.3M | 2.87% |
| Jefferies LLC | $36.9M | 2.06% |
| Stifel, Nicolaus & Company, Incorporated | $30.3M | 1.70% |
| Raymond James & Associates, Inc. | $29.5M | 1.65% |
| Goldman Sachs & Co. LLC | $27.8M | 1.55% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.