- What does DCIBX invest in?
- This fund primarily concentrates its investments in municipal debt obligations issued by the State of California, its local governments, or affiliated agencies and regional authorities. A key benefit of these holdings is that the interest income they generate is exempt from both regular federal income tax and California's state personal income tax. The portfolio is carefully managed to maintain an average dollar-weighted maturity duration falling within an intermediate range – specifically, longer than three years but shorter than ten years.
- What is the expense ratio of DCIBX?
- DFA California Intermediate-Term Municipal Bond Port (DCIBX) charges an expense ratio of 0.21%. This is the annual fee deducted from fund assets to cover management and operations.
- What is DCIBX's dividend yield?
- DCIBX's trailing-twelve-month yield is 2.58%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of DCIBX?
- Effective duration measures DCIBX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DCIBX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of DCIBX?
- DCIBX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of DCIBX?
- Yield to maturity (YTM) is the total return you'd earn from DCIBX if every bond in the portfolio is held to maturity at the current price. DCIBX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
