DFA MN Municipal Bond Portfolio
Data updated: 2026-09-24
C000190799 — DFA MN Municipal Bond Portfolio. Short Municipal - National Bond · $28.65M AUM. Holdings, fees, performance and SEC filings.
C000190799 Fund Overview
DFA MN Municipal Bond Portfolio is a US mutual fund managed by Dfa Investment Dimensions Group INC, categorised as Short Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Dfa Investment Dimensions Group INC
- Category: Short Municipal - National Bond
- Assets under management: $28.65M
- 1-year return: 2.6%
- SEC CIK: 0000355437
- SEC series ID: S000058180
- Share class ID: C000190799
C000190799 Investment Objective and Strategy
DFA MN Municipal Bond Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Dfa Investment Dimensions Group INC.
Investment objective
The investment objective of the DFA MN Municipal Bond Portfolio (the “MN Municipal Bond Portfolio”) is to seek to provide current income that is expected to be exempt from federal personal income taxes and Minnesota state personal income taxes.
Principal investment strategy
The MN Municipal Bond Portfolio seeks its investment objective by investing primarily in a universe of municipal securities issued by or on behalf of Minnesota state or local governments and their agencies, instrumentalities and regional governmental authorities, the interest on which is exempt from regular federal income tax and the state personal income tax of Minnesota. Municipal securities in which the Portfolio may invest include, among others, revenue bonds, general obligation bonds, industrial development bonds, municipal lease obligations, commercial paper, variable rate demand obligations and other instruments (including participation interests in such securities). The Portfolio invests in municipal and other fixed income securities that have an investment grade credit rating. The MN Municipal Bond Portfolio intends to invest in municipal securities that in the opinion of bond counsel for the issuers and under current tax law provide interest that is exempt from Minnesota state and federal personal income taxes.
The Portfolio is required, and intends, to derive at least 95% of its exempt-interest dividends from interest on Minnesota municipal securities in order for any of its income to be exempt from Minnesota state personal income tax. As a fundamental investment policy, under normal market conditions, the Portfolio will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal personal income tax and the Minnesota state personal income tax. The Portfolio does not currently intend to invest its assets in municipal securities whose interest is subject to the federal alternative minimum tax. Municipal securities are often issued to obtain funds for various public purposes, including the construction of a wide range of public facilities, such as bridges, highways, housing, hospitals, mass transportation facilities, schools, streets and public utilities, such as water and sewer works.
Municipal securities include municipal leases, certificates of participation, municipal obligation components and municipal custody receipts. The Portfolio may invest more than 25% of its assets in municipal securities issued to finance projects in a particular segment of the bond market including, but not limited to, health care, housing, education, utilities, and transportation. The Portfolio also may invest more than 25% of its assets in industrial development bonds. The MN Municipal Bond Portfolio may (1) purchase certain municipal securities that are insured, (2) invest in municipal securities secured by mortgages on single-family homes and multi-family projects, (3) invest in pre-refunded municipal securities, (4) purchase tax-exempt municipal securities on a when-issued basis and (5) use fixed income related futures and options contracts, credit default swaps and interest rate swaps to hedge against changes in interest rates.
The Portfolio may also purchase or sell futures contracts and options on futures contracts, to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolio. The Portfolio does not intend to sell futures contracts to establish short positions in individual securities or to use derivatives for purposes of speculation or leveraging investment returns. Although the MN Municipal Bond Portfolio attempts to invest all of its assets in tax-exempt securities, it is possible, although not anticipated, that a portion of its assets may be invested in securities that pay taxable interest, including interest that may be subject to the federal alternative minimum tax. These investments could generate taxable income for shareholders. The MN Municipal Bond Portfolio is non-diversified, which means that the Portfolio may invest its assets in a smaller number of issuers than a diversified fund.
C000190799 Holdings
Top 10 holdings of DFA MN Municipal Bond Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| City of Minneapolis MN | 5.06% |
| County of Hennepin MN | 3.51% |
| City of Minneapolis MN | 2.92% |
| County of Hennepin MN | 2.60% |
| State of Minnesota | 2.09% |
| Osseo Independent School District No 279 | 1.89% |
| Osseo Independent School District No 279 | 1.87% |
| City of Burnsville MN | 1.84% |
| State of Minnesota | 1.81% |
| City of Lakeville MN | 1.81% |
C000190799 Portfolio Allocation
Asset-class allocation of DFA MN Municipal Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 96.9% |
C000190799 Performance
Total returns for C000190799 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.5% |
| 1 year | 2.6% |
| 3 years (annualised) | 2.5% |
| 5 years (annualised) | 1.2% |
C000190799 Risk Information
Risk metrics for C000190799, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.8%
C000190799 Costs and Fees
C000190799 costs about $30 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.30%
- Gross expense ratio: 0.40%
- Portfolio turnover: 42%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000190799 Cashflows
Over the 12 months to 2026-04, DFA MN Municipal Bond Portfolio had net inflows of $1.99M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$1.88M |
| 2026-03 | −$1.03M |
| 2026-02 | −$112.73K |
| 2026-01 | −$643.78K |
| 2025-12 | −$1.52M |
| 2025-11 | −$1.21M |
C000190799 Debt Constituents
Largest debt holdings of DFA MN Municipal Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| City of Minneapolis MN | 5.06% |
| County of Hennepin MN | 3.51% |
| City of Minneapolis MN | 2.92% |
| County of Hennepin MN | 2.60% |
| State of Minnesota | 2.09% |
| Osseo Independent School District No 279 | 1.89% |
| Osseo Independent School District No 279 | 1.87% |
| City of Burnsville MN | 1.84% |
| State of Minnesota | 1.81% |
| City of Lakeville MN | 1.81% |
C000190799 Prospectus and SEC Filings
Official DFA MN Municipal Bond Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus supplement (497) — filed 2026-07-01
- Portfolio holdings (N-PORT) — filed 2026-09-24
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-10
Related Funds
Other Short Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.