C000194527 Performance — DFA California Municipal Real Return Portfolio, Institutional Class Shares
Data updated: 2026-09-24
C000194527 returned +1.77% year to date and +2.29% over one year to Jul 2026. Annualised returns are +3.08% over 3 years and +2.31% over 5 years. The fund trailed its Short-Term Municipal Bond category average: $100 invested three years ago grew to $110, against $110 for the category, and to $102 over one year, against $103. Volatility over the past three years was 1.03% a year. In the 12 months to Jul 2026 the fund took in a net $35.5M, and assets reached $391.38M.
C000194527 Growth of $100
What $100 invested in DFA California Municipal Real Return Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Municipal Bond category average over the same months.
| Period | C000194527 | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $102 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $110 |
| 5 years (Aug 2021 – Jul 2026) | $112 | $108 |
| Since data start (Aug 2019 – Jul 2026) | $120 | $112 |
C000194527 Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.77% |
| 1 year | +2.29% |
| 3 years (annualised) | +3.08% |
| 5 years (annualised) | +2.31% |
C000194527 Annual Returns
Calendar-year total returns of DFA California Municipal Real Return Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.77% |
| 2025 | +3.11% |
| 2024 | +3.15% |
| 2023 | +2.62% |
| 2022 | −1.06% |
| 2021 | +6.22% |
| 2020 | +2.35% |
| 2019 (Aug–Dec) | +0.51% |
C000194527 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 | +0.6% | +0.1% | +0.4% | +0.6% | +0.3% | −0.1% | −0.1% | — | — | — | — | — |
| 2025 | +0.6% | +0.6% | +0.4% | −0.1% | +0.2% | +0.3% | +0.6% | +0.5% | −0.1% | −0.2% | +0.2% | 0.0% |
| 2024 | +0.1% | +0.4% | +0.1% | +0.4% | 0.0% | +0.4% | +0.1% | +0.4% | +0.5% | +0.1% | +0.4% | +0.1% |
| 2023 | +1.0% | −0.7% | +1.5% | −0.7% | −0.8% | +0.8% | +0.3% | −0.1% | −0.4% | +0.3% | +1.1% | +0.3% |
| 2022 | −1.5% | +1.2% | −0.2% | −0.6% | +1.2% | −1.5% | +2.5% | −1.2% | −3.5% | +1.2% | +1.4% | +0.1% |
| 2021 | +0.5% | −0.1% | +0.7% | +0.7% | +0.7% | +0.4% | +1.2% | +0.2% | +0.1% | +1.0% | +0.3% | +0.3% |
| 2020 | +0.3% | −0.3% | −5.9% | +0.9% | +3.0% | +0.8% | +1.4% | +1.0% | −0.2% | −0.1% | +0.8% | +1.0% |
| 2019 | — | — | — | — | — | — | — | −0.4% | −0.8% | +0.2% | +0.4% | +1.1% |
C000194527 Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 1.03%
- 3-year Sharpe ratio: -1.38 (vs 4.5% risk-free rate)
- Best month: +1.14% (Nov 2023)
- Worst month: −0.41% (Sep 2023)
C000194527 Fund Flows
Monthly money in and out of DFA California Municipal Real Return Portfolio, from SEC Form N-PORT.
- 12-month net flow: $35.5M
- 12-month gross sales (incl. reinvestments): $104.7M
- Sales ÷ redemptions: 1.51×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $4.5M | $9.9M | −$5.3M |
| Jun 2026 | $6.7M | $5.5M | $1.2M |
| May 2026 | $5.2M | $4.1M | $1.1M |
| Apr 2026 | $5.6M | $3.1M | $2.5M |
| Mar 2026 | $5.5M | $6.3M | −$782K |
| Feb 2026 | $16.0M | $3.3M | $12.7M |
| Jan 2026 | $15.2M | $12.4M | $2.9M |
| Dec 2025 | $11.7M | $11.4M | $311K |
| Nov 2025 | $5.7M | $2.9M | $2.7M |
| Oct 2025 | $7.4M | $3.5M | $3.9M |
| Sep 2025 | $8.7M | $2.8M | $5.9M |
| Aug 2025 | $12.4M | $3.9M | $8.5M |
C000194527 Assets Under Management
Net assets of DFA California Municipal Real Return Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $391.38M |
| 2026-04-30 | $396.32M |
| 2026-01-31 | $379.74M |
| 2025-10-31 | $376.59M |
| 2025-07-31 | $359.20M |
| 2025-04-30 | $347.21M |
| 2025-01-31 | $343.09M |
| 2024-10-31 | $322.13M |
| 2024-07-31 | $316.01M |
| 2024-04-30 | $303.17M |
| 2024-01-31 | $289.99M |
| 2023-10-31 | $281.80M |
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.