C000097894 Fees and Costs — DFA California Intermediate-Term Municipal Bond Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.21%: a 0.16% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 71%.
C000097894 Fees and Expenses
Annual operating expenses and sales charges of C000097894. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | — |
| Other expenses | 0.05% |
| Gross expense ratio | 0.21% |
| Fee waiver | — |
| Net expense ratio | 0.21% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000097894 Costs Over Time
On $10,000 invested in C000097894, assuming 5% a year before costs, total costs come to $133 over 5 years, cutting the return by 0.22% 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 0.21%) | $22 | $69 | $121 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $133 |
| Value after costs | $10,478 | $11,503 | $12,629 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
C000097894 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): $532.9M
- Portfolio turnover (prospectus): 71%
- Securities lending: none during the year
C000097894 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $203.3M | 40.61% |
| J.P. Morgan Securities LLC | $128.3M | 25.63% |
| Barclays Capital Inc. | $81.6M | 16.30% |
| Morgan Stanley & Co. LLC | $17.5M | 3.49% |
| RBC Capital Markets, LLC | $17.0M | 3.39% |
| Goldman Sachs & Co. LLC | $14.0M | 2.79% |
| BofA Securities, Inc. | $13.4M | 2.67% |
| BNY Capital Markets, LLC | $11.1M | 2.21% |
| Raymond James & Associates, Inc. | $7.8M | 1.56% |
| Jefferies LLC | $6.7M | 1.34% |
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.