C000046747 Performance — DFA California Short-Term Municipal Bond Portfolio, Institutional Class Shares
Data updated: 2026-09-24
C000046747 returned +1.14% year to date and +2.16% over one year to Jul 2026. Annualised returns are +2.78% over 3 years and +1.72% over 5 years. The fund trailed its Ultrashort Municipal Bond category average: $100 invested three years ago grew to $109, against $109 for the category, and to $102 over one year, against $103. Volatility over the past three years was 0.63% a year. In the 12 months to Jul 2026 the fund took in a net $108.5M, and assets reached $913.51M.
C000046747 Growth of $100
What $100 invested in DFA California Short-Term Municipal Bond Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Municipal Bond category average over the same months.
| Period | C000046747 | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $102 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $109 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $109 | $109 |
| Since data start (Aug 2019 – Jul 2026) | $110 | $113 |
C000046747 Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.14% |
| 1 year | +2.16% |
| 3 years (annualised) | +2.78% |
| 5 years (annualised) | +1.72% |
C000046747 Annual Returns
Calendar-year total returns of DFA California Short-Term Municipal Bond Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.14% |
| 2025 | +2.94% |
| 2024 | +2.84% |
| 2023 | +2.70% |
| 2022 | −0.77% |
| 2021 | −0.13% |
| 2020 | +0.67% |
| 2019 (Aug–Dec) | +0.31% |
C000046747 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.4% | +0.2% | −0.1% | +0.2% | +0.2% | +0.2% | +0.1% | — | — | — | — | — |
| 2025 | +0.4% | +0.3% | +0.1% | +0.1% | +0.3% | +0.4% | +0.3% | +0.3% | +0.2% | 0.0% | +0.3% | +0.2% |
| 2024 | +0.2% | +0.2% | +0.1% | +0.1% | +0.1% | +0.5% | +0.4% | +0.4% | +0.3% | 0.0% | +0.4% | +0.1% |
| 2023 | +0.7% | −0.5% | +0.8% | −0.2% | 0.0% | +0.3% | +0.1% | +0.2% | −0.1% | +0.2% | +0.8% | +0.4% |
| 2022 | −0.5% | −0.1% | −0.6% | −0.4% | +0.8% | 0.0% | +0.6% | −0.8% | −0.8% | +0.2% | +1.1% | −0.1% |
| 2021 | +0.1% | 0.0% | 0.0% | 0.0% | −0.1% | 0.0% | 0.0% | −0.1% | −0.1% | 0.0% | 0.0% | −0.1% |
| 2020 | +0.2% | +0.1% | −0.5% | +0.3% | +0.5% | 0.0% | +0.1% | −0.1% | 0.0% | −0.1% | +0.2% | −0.1% |
| 2019 | — | — | — | — | — | — | — | +0.1% | −0.1% | +0.1% | +0.2% | +0.1% |
C000046747 Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 0.63%
- 3-year Sharpe ratio: -2.75 (vs 4.5% risk-free rate)
- Best month: +0.78% (Nov 2023)
- Worst month: −0.15% (Mar 2026)
C000046747 Fund Flows
Monthly money in and out of DFA California Short-Term Municipal Bond Portfolio, from SEC Form N-PORT.
- 12-month net flow: $108.5M
- 12-month gross sales (incl. reinvestments): $276.2M
- Sales ÷ redemptions: 1.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $19.4M | $11.8M | $7.6M |
| Jun 2026 | $24.8M | $23.4M | $1.4M |
| May 2026 | $29.8M | $15.4M | $14.4M |
| Apr 2026 | $19.1M | $15.2M | $4.0M |
| Mar 2026 | $17.7M | $11.3M | $6.4M |
| Feb 2026 | $13.7M | $16.5M | −$2.8M |
| Jan 2026 | $42.8M | $15.0M | $27.8M |
| Dec 2025 | $24.7M | $17.6M | $7.1M |
| Nov 2025 | $18.5M | $10.4M | $8.1M |
| Oct 2025 | $22.1M | $13.4M | $8.7M |
| Sep 2025 | $21.9M | $7.4M | $14.6M |
| Aug 2025 | $21.4M | $10.3M | $11.1M |
C000046747 Assets Under Management
Net assets of DFA California Short-Term Municipal Bond Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $913.51M |
| 2026-04-30 | $891.23M |
| 2026-01-31 | $886.94M |
| 2025-10-31 | $841.72M |
| 2025-07-31 | $808.06M |
| 2025-04-30 | $743.07M |
| 2025-01-31 | $706.07M |
| 2024-10-31 | $680.69M |
| 2024-07-31 | $688.11M |
| 2024-04-30 | $682.44M |
| 2024-01-31 | $706.25M |
| 2023-10-31 | $720.52M |
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.