C000109006 Fees and Costs — DFA Intermediate-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 56%.
C000109006 Fees and Expenses
Annual operating expenses and sales charges of C000109006. 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 |
C000109006 Costs Over Time
On $10,000 invested in C000109006, 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% |
C000109006 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): $1.3B
- Portfolio turnover (prospectus): 56%
- Securities lending: none during the year
C000109006 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $590.5M | 47.78% |
| J.P. Morgan Securities LLC | $223.4M | 18.08% |
| ISI Financial Group Inc. | $111.2M | 9.00% |
| Barclays Capital Inc. | $65.4M | 5.29% |
| RBC Capital Markets, LLC | $53.7M | 4.34% |
| BofA Securities, Inc. | $46.2M | 3.74% |
| BNY Capital Markets, LLC | $45.1M | 3.65% |
| Morgan Stanley & Co. LLC | $40.5M | 3.28% |
| Truist Securities, Inc. | $33.9M | 2.75% |
| Goldman Sachs & Co. LLC | $26.0M | 2.10% |
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.