C000151980 Performance — DFA Municipal Bond Portfolio, Institutional Class Shares
Data updated: 2026-09-24
C000151980 returned +0.03% year to date and +2.74% over one year to Jul 2026. Annualised returns are +2.47% over 3 years and +0.61% over 5 years. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $108, against $109 for the category, and to $103 over one year, against $105. Volatility over the past three years was 2.94% a year. In the 12 months to Jul 2026 the fund lost a net $1.1M, and assets reached $465.60M.
C000151980 Growth of $100
What $100 invested in DFA Municipal Bond Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | C000151980 | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $103 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $108 | $109 |
| 5 years (Aug 2021 – Jul 2026) | $103 | $102 |
| Since data start (Aug 2019 – Jul 2026) | $107 | $109 |
C000151980 Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.03% |
| 1 year | +2.74% |
| 3 years (annualised) | +2.47% |
| 5 years (annualised) | +0.61% |
C000151980 Annual Returns
Calendar-year total returns of DFA Municipal Bond Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +0.03% |
| 2025 | +3.91% |
| 2024 | +1.07% |
| 2023 | +3.26% |
| 2022 | −4.37% |
| 2021 | −0.57% |
| 2020 | +3.26% |
| 2019 (Aug–Dec) | +0.50% |
C000151980 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 | +0.7% | +0.7% | −1.5% | +0.6% | +0.2% | +0.4% | −1.0% | — | — | — | — | — |
| 2025 | +0.5% | +0.7% | −0.9% | −0.2% | +0.4% | +0.6% | +0.2% | +0.6% | +1.0% | +0.5% | +0.3% | +0.4% |
| 2024 | −0.2% | +0.1% | −0.3% | −0.6% | −0.4% | +1.0% | +0.7% | +0.8% | +0.5% | −0.9% | +0.8% | −0.5% |
| 2023 | +1.7% | −1.9% | +1.8% | −0.5% | −0.8% | +0.5% | +0.2% | −0.5% | −1.3% | −0.1% | +3.1% | +1.3% |
| 2022 | −2.0% | −0.3% | −1.9% | −1.5% | +1.5% | −0.4% | +1.7% | −1.8% | −2.4% | 0.0% | +2.5% | +0.2% |
| 2021 | +0.1% | −1.0% | +0.2% | +0.3% | 0.0% | 0.0% | +0.5% | −0.1% | −0.5% | −0.1% | +0.2% | 0.0% |
| 2020 | +0.9% | +0.5% | −1.4% | +0.1% | +2.4% | −0.1% | +0.6% | −0.1% | 0.0% | −0.2% | +0.4% | +0.1% |
| 2019 | — | — | — | — | — | — | — | +0.5% | −0.7% | +0.4% | +0.1% | +0.2% |
C000151980 Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 2.94%
- 3-year Sharpe ratio: -0.69 (vs 4.5% risk-free rate)
- Best month: +3.11% (Nov 2023)
- Worst month: −1.52% (Mar 2026)
C000151980 Fund Flows
Monthly money in and out of DFA Municipal Bond Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$1.1M
- 12-month gross sales (incl. reinvestments): $77.0M
- Sales ÷ redemptions: 0.99×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $7.3M | $5.6M | $1.7M |
| Jun 2026 | $5.2M | $5.1M | $135K |
| May 2026 | $5.8M | $5.8M | $3K |
| Apr 2026 | $6.5M | $5.0M | $1.5M |
| Mar 2026 | $6.3M | $6.6M | −$384K |
| Feb 2026 | $6.2M | $11.8M | −$5.6M |
| Jan 2026 | $5.8M | $7.9M | −$2.1M |
| Dec 2025 | $7.0M | $5.4M | $1.6M |
| Nov 2025 | $5.6M | $6.7M | −$1.1M |
| Oct 2025 | $7.7M | $4.4M | $3.3M |
| Sep 2025 | $5.8M | $7.2M | −$1.4M |
| Aug 2025 | $7.9M | $6.5M | $1.4M |
C000151980 Assets Under Management
Net assets of DFA Municipal Bond Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $465.60M |
| 2026-04-30 | $468.47M |
| 2026-01-31 | $476.78M |
| 2025-10-31 | $475.01M |
| 2025-07-31 | $464.87M |
| 2025-04-30 | $452.08M |
| 2025-01-31 | $512.87M |
| 2024-10-31 | $555.19M |
| 2024-07-31 | $550.88M |
| 2024-04-30 | $554.39M |
| 2024-01-31 | $601.70M |
| 2023-10-31 | $587.60M |
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.