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Fixed Income / 
Intermediate-Term Muni Bond Portfolio

 

Inception DateTicker SymbolCUSIP Number
March 1, 2012DFTIX23320G315
The Intermediate-Term Municipal Bond Portfolio is a no-load mutual fund designed to seek to provide current income that is exempt from federal personal income taxes. The Portfolio invests primarily in investment grade municipal securities, the interest on which is exempt from regular federal income tax. At least 75% of the assets of the Portfolio will be invested in municipal securities that, at the time of purchase, are rated in the top three credit-rating categories. Ordinarily, the Portfolio will maintain a dollar-weighted average portfolio maturity of more than three years but less than ten years. The Portfolio does not currently intend to invest in securities whose interest is subject to the federal alternative minimum tax.

For a full description, please consult the Portfolio's prospectus.
Prices
Updated Daily
DateClosing PriceNAV Change$NAV Change %
July 23, 2014$10.03$0.020.20%
Updated Monthly
DateTotal Net Assets
June 30, 2014$424,650,996.68
Performance
Updated Daily
Total Returns Year-to-Date
July 23, 2014 4.42%
Updated Monthly
Total Returns One Month Three Month Year-to-Date
June 30, 2014 -0.25% 1.96% 3.97%
Updated Monthly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
June 30, 2014 4.80% -- -- 1.27%
Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of June 30, 2014 4.80% -- -- 1.27%
Annual ExpensesNet Expense Ratio (to investor)Total Operating Expense Ratio
 0.23%0.26%
Operating Expense ratio as of 10/31/2013. The net expense ratio takes into account contractual management fee waivers/caps and expense assumption agreements that are in effect through 2/28/2015. The fund's prospectus contains more information on fees and expenses.
Performance data shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent month-end, visit www.dimensional.com.
Distributions
Last 12 Months
TypeAmount per ShareRecord DateEx-dividend DatePayable DateEx-dividend Price
Dividend$0.0133 USD07/7/201407/8/201407/9/2014$9.95 USD
Dividend$0.0147 USD06/6/201406/9/201406/10/2014$9.97 USD
Dividend$0.0145 USD05/7/201405/8/201405/9/2014$9.97 USD
Dividend$0.0138 USD04/7/201404/8/201404/9/2014$9.87 USD
Dividend$0.0156 USD03/7/201403/10/201403/11/2014$9.86 USD
Dividend$0.0249 USD02/7/201402/10/201402/11/2014$9.86 USD
Dividend$0.0140 USD12/10/201312/11/201312/12/2013$9.72 USD
Dividend$0.0130 USD11/7/201311/8/201311/12/2013$9.77 USD
Dividend$0.0120 USD10/7/201310/8/201310/9/2013$9.75 USD
Dividend$0.0100 USD09/9/201309/10/201309/11/2013$9.53 USD
Dividend$0.0080 USD08/7/201308/8/201308/9/2013$9.66 USD
Top Holdings
As of June 30, 2014Weight
BALTIMORE PUB IMPT-B0.02
PENNSYLVANIA-1ST0.02
UNIV WASH-A-REF 0.02
LOUISIANA-REF-C 0.02
NORTH CAROLINA ST-D0.02
SEATTLE WTR SYS-REF0.02
NYC-E0.02
HOUSTON-A-REF0.02
SOUTH CAROLINA ST-A0.02
HAWAII ST-REF-EF0.02
MONTGOMERY CO 0.02
CHARLESTON0.01
BENTON CO SD#4000.01
MINNESOTA ST-B 0.01
NORTHSIDE ISD-REF0.01
WI ST-2-REF 0.01
BERKELEY CO SD-B-REF0.01
LOUDOUN CO-A-REF0.01
LAKEVILLE ISD#194-REF0.01
HAMILTON CO-B-REF0.01
Total0.34
Market Risk
Even a long-term investment approach cannot guarantee a profit. Economic, political, and issuer-specific events will cause the value of securities, and the funds that own them, to rise or fall. Because the value of your investment in a fund will fluctuate, there is a risk that you will lose money.

Interest Rate Risk
Fixed income securities are subject to interest rate risk because the prices of fixed income securities tend to move in the opposite direction of interest rates. In general, fixed income securities with longer maturities are more sensitive to these price changes.

Credit Risk
Credit risk is the risk that the issuer of a security may be unable to make interest payments and/or repay principal when due. A downgrade to an issuer's credit rating or a perceived change in an issuer's financial strength may affect a security's value, and thus, impact a fund's performance. Credit risk is greater for fixed income securities with ratings below investment grade. Fixed income securities that are below investment grade involve high credit risk and are considered speculative. Below-investment grade fixed income securities may also fluctuate in value more than higher-quality fixed income securities.

Income Risk
Income risk is the risk that falling interest rates will cause the fund's income to decline.

Tax Liability Risk
Tax liability risk is the risk that distributions by the fund become taxable to shareholders as ordinary income due to noncompliant conduct by a municipal bond issuer, changes in federal or state tax laws, or adverse interpretations of tax laws by the Internal Revenue Service or state tax authorities.

Derivatives Risk
Derivatives can be used for hedging (attempting to reduce risk by offsetting one investment position with another) or non-hedging purposes. While hedging can reduce or eliminate losses, it also can reduce or eliminate gains. The use of derivatives for non-hedging purposes may be considered more speculative than other types of investments. When the Portfolio uses derivatives, the Portfolio will be directly exposed to the risks of those derivatives. Derivative securities are subject to a number of risks, including commodity, correlation, interest rate, liquidity, market, credit and management risks, and the risk of improper valuation. The Portfolio also may use derivatives for leverage. The Portfolio's use of derivatives, particularly commodity-linked derivatives, involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Changes in the value of a derivative may not correlate perfectly with the underlying asset, rate, or index, and the Portfolio could lose more than the principal amount invested. For example, potential losses from commodity-linked notes or swap agreements can be unlimited. Additional risks are associated with the use of credit default swaps, including counterparty and credit risk (the risk that the other party to a swap agreement will not fulfill its contractual obligations, whether because of bankruptcy or other default) and liquidity risk (the possible lack of a secondary market for the swap agreement). Also, suitable derivative transactions may not be available in all circumstances and there can be no assurance that the Portfolio will engage in these transactions to reduce exposure to other risks when that would be beneficial.


Dimensional Fund Advisors is an investment advisor registered with the Securities and Exchange Commission. Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (512) 306-7400 or at www.dimensional.com.

Mutual funds distributed by DFA Securities LLC.

These Net Asset Values ("NAVs") have been prepared by the fund accounting agent. Dimensional Fund Advisors reserves the right to restate these NAV figures, if necessary, at any time.

Top Holdings data provided by State Street.