C000156057 Fees and Costs — Dfa Ny Municipal Bond Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.25%: a 0.20% management fee plus 0.07% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 156%.
C000156057 Fees and Expenses
Annual operating expenses and sales charges of C000156057. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.27% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.25% |
| 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 |
C000156057 Costs Over Time
On $10,000 invested in C000156057, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
C000156057 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): $370.9M
- Portfolio turnover (prospectus): 156%
- Securities lending: none during the year
C000156057 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $213.7M | 61.11% |
| J.P. Morgan Securities LLC | $43.9M | 12.55% |
| Jefferies LLC | $30.0M | 8.59% |
| ISI Financial Group Inc. | $12.6M | 3.62% |
| Truist Securities, Inc. | $12.6M | 3.61% |
| Barclays Capital Inc. | $11.3M | 3.24% |
| Oppenheimer & Co. Inc. | $8.5M | 2.43% |
| BofA Securities, Inc. | $7.4M | 2.13% |
| Morgan Stanley & Co. LLC | $5.5M | 1.58% |
| U.S. Bancorp Investments, Inc. | $4.0M | 1.14% |
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.