DFSMX — Dfa Short-Term Municipal Bond Portfolio
Data updated: 2026-06-24
DFSMX — Dfa Short-Term Municipal Bond Portfolio data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Ultra-Short Municipal - National Bond · $1.38B AUM · 0.18% expense ratio · 2.8% 1-yr return. From SEC regulatory filings.
DFSMX Fund Overview
DFSMX — Dfa Short-Term Municipal Bond Portfolio is a US mutual fund managed by Dfa Investment Dimensions Group INC, categorised as Ultra-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: Ultra-Short Municipal - National Bond
- Assets under management: $1.38B
- 1-year return: 2.8%
- Ticker: DFSMX
- SEC CIK: 0000355437
- SEC series ID: S000000973
- Share class ID: C000002724
DFSMX Holdings
Top 10 holdings of Dfa Short-Term Municipal Bond Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| County of Suffolk NY | 1.53% |
| City of Danbury CT | 1.43% |
| State of California | 1.32% |
| School District of Broward County/FL | 1.17% |
| State of Maryland | 1.15% |
| County of Hudson NJ | 1.14% |
| County of Union NJ | 1.09% |
| California Statewide.com | 1.09% |
| City of Seattle WA | 0.96% |
| City of Lawrence KS | 0.95% |
DFSMX Portfolio Allocation
Asset-class allocation of Dfa Short-Term Municipal Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 96.5% |
| Cash & Equivalents | 2.8% |
| Equity | 0.1% |
DFSMX Performance
Total returns for DFSMX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.8% |
| 1 year | 2.8% |
| 3 years (annualised) | 2.9% |
| 5 years (annualised) | 1.8% |
DFSMX Risk Information
Risk metrics for DFSMX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.5%
DFSMX Costs and Fees
DFSMX costs about $18 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.18%
- Gross expense ratio: 0.18%
- Portfolio turnover: 198%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
DFSMX Cashflows
Over the 12 months to 2026-04, Dfa Short-Term Municipal Bond Portfolio had net outflows of $88.01M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$2.59M |
| 2026-03 | −$953.05K |
| 2026-02 | −$8.88M |
| 2026-01 | $5.00M |
| 2025-12 | −$12.30M |
| 2025-11 | −$16.63M |
DFSMX Debt Constituents
Largest debt holdings of Dfa Short-Term Municipal Bond Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| County of Suffolk NY | 1.53% |
| City of Danbury CT | 1.43% |
| State of California | 1.32% |
| School District of Broward County/FL | 1.17% |
| State of Maryland | 1.15% |
| County of Hudson NJ | 1.14% |
| County of Union NJ | 1.09% |
| City of Seattle WA | 0.96% |
| City of Lawrence KS | 0.95% |
| Town of Westborough MA | 0.91% |
DFSMX Prospectus and SEC Filings
Official Dfa Short-Term Municipal Bond Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Ultra-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.