C000190799 Fees and Costs — DFA MN Municipal Bond Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.30%: a 0.20% management fee plus 0.20% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 42%.
C000190799 Fees and Expenses
Annual operating expenses and sales charges of C000190799. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | — |
| Other expenses | 0.20% |
| Gross expense ratio | 0.40% |
| Fee waiver | −0.10% |
| Net expense ratio | 0.30% |
| 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 |
C000190799 Costs Over Time
On $10,000 invested in C000190799, assuming 5% a year before costs, total costs come to $190 over 5 years, cutting the return by 0.31% 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 0.30%) | $32 | $99 | $173 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $32 | $104 | $190 |
| Value after costs | $10,468 | $11,472 | $12,573 |
| Impact on return, per year | 0.31% | 0.31% | 0.31% |
C000190799 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): $23.7M
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
C000190799 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $4.0M | 20.95% |
| J.P. Morgan Securities LLC | $3.0M | 15.66% |
| BofA Securities, Inc. | $2.8M | 14.66% |
| Morgan Stanley & Co. LLC | $2.8M | 14.43% |
| Hilltop Securities Inc. | $1.3M | 6.64% |
| SumRidge Partners, LLC | $1.2M | 6.45% |
| Raymond James & Associates, Inc. | $1.2M | 6.00% |
| Robert W. Baird & Co. Incorporated | $1.1M | 5.93% |
| Goldman Sachs & Co. LLC | $1.1M | 5.63% |
| Northland Securities, Inc. | $702K | 3.64% |
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.