C000235151 Performance — DFA Short-Term Selective State Municipal Bond Portfolio, Institutional Class Shares
Data updated: 2026-09-24
C000235151 returned +1.21% year to date and +2.20% over one year to Jul 2026. The annualised 3-year return is +2.87%. The fund trailed its Ultrashort Municipal Bond category average: $100 invested three years ago grew to $109, against $109 for the category, and to $102 over one year, against $103. Volatility over the past three years was 0.65% a year. In the 12 months to Jul 2026 the fund lost a net $1.2M, and assets reached $190.73M.
C000235151 Growth of $100
What $100 invested in DFA Short-Term Selective State Municipal Bond Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Municipal Bond category average over the same months.
| Period | C000235151 | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $102 | $103 |
| 3 years (Aug 2023 – Jul 2026) | $109 | $109 |
| Since data start (Apr 2022 – Jul 2026) | $111 | $111 |
C000235151 Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.21% |
| 1 year | +2.20% |
| 3 years (annualised) | +2.87% |
C000235151 Annual Returns
Calendar-year total returns of DFA Short-Term Selective State Municipal Bond Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.21% |
| 2025 | +2.88% |
| 2024 | +2.93% |
| 2023 | +2.87% |
| 2022 (Apr–Dec) | +0.55% |
C000235151 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 | +0.4% | +0.2% | −0.1% | +0.2% | +0.2% | +0.2% | 0.0% | — | — | — | — | — |
| 2025 | +0.4% | +0.3% | +0.1% | 0.0% | +0.4% | +0.3% | +0.4% | +0.3% | +0.1% | +0.1% | +0.2% | +0.2% |
| 2024 | +0.1% | +0.2% | 0.0% | +0.2% | +0.2% | +0.4% | +0.5% | +0.3% | +0.2% | +0.1% | +0.3% | +0.1% |
| 2023 | +0.8% | −0.8% | +1.0% | −0.2% | −0.1% | +0.4% | +0.2% | +0.1% | −0.1% | +0.2% | +0.9% | +0.4% |
| 2022 | — | — | — | −0.3% | +1.0% | −0.1% | +0.8% | −1.1% | −1.1% | +0.1% | +1.3% | 0.0% |
C000235151 Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 0.65%
- 3-year Sharpe ratio: -2.49 (vs 4.5% risk-free rate)
- Best month: +0.93% (Nov 2023)
- Worst month: −0.13% (Sep 2023)
C000235151 Fund Flows
Monthly money in and out of DFA Short-Term Selective State Municipal Bond Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$1.2M
- 12-month gross sales (incl. reinvestments): $76.0M
- Sales ÷ redemptions: 0.98×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $9.5M | $6.8M | $2.8M |
| Jun 2026 | $3.7M | $3.6M | $55K |
| May 2026 | $15.0M | $14.8M | $187K |
| Apr 2026 | $9.3M | $6.1M | $3.2M |
| Mar 2026 | $4.3M | $5.2M | −$885K |
| Feb 2026 | $4.3M | $7.6M | −$3.3M |
| Jan 2026 | $4.8M | $17.8M | −$13.0M |
| Dec 2025 | $4.7M | $5.1M | −$439K |
| Nov 2025 | $4.7M | $2.1M | $2.6M |
| Oct 2025 | $8.0M | $2.1M | $6.0M |
| Sep 2025 | $4.9M | $1.3M | $3.6M |
| Aug 2025 | $2.7M | $4.8M | −$2.0M |
C000235151 Assets Under Management
Net assets of DFA Short-Term Selective State Municipal Bond Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $190.73M |
| 2026-04-30 | $187.99M |
| 2026-01-31 | $189.50M |
| 2025-10-31 | $199.91M |
| 2025-07-31 | $192.63M |
| 2025-04-30 | $187.74M |
| 2025-01-31 | $185.23M |
| 2024-10-31 | $191.14M |
| 2024-07-31 | $191.99M |
| 2024-04-30 | $181.80M |
| 2024-01-31 | $171.38M |
| 2023-10-31 | $169.60M |
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.