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Trending ETFs

DFA NY MUNICIPAL BOND PORTFOLIO

mutual fund
DNYMX
Payout Change
Pending
Price as of:
$10.15 +0.0 +0.0%
primary theme
Municipal Bond
share class
DNYMX (Mutual Fund)

DFA NY MUNICIPAL BOND PORTFOLIO

Payout Change
Pending
Price as of:
$10.15 +0.0 +0.0%
primary theme
Municipal Bond
share class
DNYMX (Mutual Fund)

DFA NY MUNICIPAL BOND PORTFOLIO

Payout Change
Pending
Price as of:
$10.15 +0.0 +0.0%
primary theme
Municipal Bond
share class

Name

As of 10/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.15

$145 M

2.73%

$0.28

0.26%

Vitals

YTD Return

2.3%

1 yr return

3.7%

3 Yr Avg Return

1.3%

5 Yr Avg Return

1.0%

Net Assets

$145 M

Holdings in Top 10

23.2%

52 WEEK LOW AND HIGH

$10.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.26%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 54.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.15

$145 M

2.73%

$0.28

0.26%

DNYMX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.79%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DFA NY MUNICIPAL BOND PORTFOLIO
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Jun 16, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Joseph Kolerich

Fund Description

The NY Municipal Bond Portfolio seeks its investment objective by investing primarily in a universe of municipal securities issued by or on behalf of New York state or local governments and their agencies, instrumentalities and regional governmental authorities. The Portfolio may also invest a portion of its assets in municipal securities issued by U.S. territories that are exempt from state taxation under federal law. Municipal securities in which the Portfolio may invest include, among others, revenue bonds, general obligation bonds, industrial development bonds, municipal lease obligations, commercial paper, variable rate demand obligations and other instruments (including participation interests in such securities). The Portfolio intends to invest in municipal securities that, in the opinion of bond counsel for the issuers and under current tax law, provide interest that is exempt from New York state and federal personal income taxes. As a fundamental investment policy, under normal market conditions, the Portfolio will invest at least 80% of its net assets in municipal securities that pay interest exempt from New York state and federal personal income taxes. The Portfolio does not currently intend to invest its assets in municipal securities whose interest is subject to the federal alternative minimum tax.

Generally, the NY Municipal Bond Portfolio will maintain a maximum weighted average duration of five years. The Portfolio intends to maintain a dollar-weighted average credit quality equal to or better than the lower of: (i) a credit quality rating of AA by S&P Global Ratings (“S&P”) or Fitch Ratings Ltd. (“Fitch”) or Aa2 by Moody’s Investor’s Service, Inc. (“Moody’s”) or (ii) the credit quality of general obligation bonds issued by the state of New York. For purposes of the above policy on dollar-weighted average credit quality, unrated securities may be included if such securities have been determined by the Advisor to be of comparable quality. If a security has been redeemed by the issuer at a date prior to the stated final maturity date for the purposes of the above duration restriction, the early redemption date shall be considered the maturity date regardless of the stated final maturity. Duration is a measure of the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates.

Municipal securities are often issued to obtain funds for various public purposes, including the construction of a wide range of public facilities, such as bridges, highways, housing, hospitals, mass transportation facilities, schools, streets and public utilities, such as water and sewer works. Municipal securities include municipal leases, certificates of participation, municipal obligation components and municipal custody receipts. The NY Municipal Bond Portfolio may invest more than 25% of its assets in municipal securities issued to finance projects in a particular segment of the bond market including, but not limited to, health care, housing, education, utilities, and transportation. The Portfolio also may invest more than 25% of its assets in industrial development bonds.

The NY Municipal Bond Portfolio may (1) purchase certain municipal securities that are insured, (2) invest in municipal securities secured by mortgages on single-family homes and multi-family projects, (3) invest in pre-refunded municipal securities, (4) purchase tax-exempt municipal securities on a “when-issued” basis and (5) use derivatives, such as fixed income related futures and options contracts, credit default swaps and interest rate swaps, to hedge against changes in interest rates. The Portfolio may also invest in exchange-traded funds (ETFs) to gain exposure to the municipal bond market pending investment in municipal bonds. The Portfolio may also invest in money market funds. The Portfolio also may purchase or sell futures contracts and options on futures contracts, to hedge its interest rate exposure or for non-hedging purposes, such as a substitute for direct investment or to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

Although the NY Municipal Bond Portfolio attempts to invest all of its assets in tax-exempt securities, it is possible, although not anticipated, that a portion of its assets may be invested in securities that pay taxable interest, including interest that may be subject to the federal alternative minimum tax. These investments could generate taxable income for shareholders.

The NY Municipal Bond Portfolio is primarily designed for investment by New York tax payers.

The NY Municipal Bond Portfolio is “non-diversified,” which means that the Portfolio may invest its assets in a smaller number of issuers than a diversified fund.

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DNYMX - Performance

Return Ranking - Trailing

Period DNYMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -2.6% 25.9% 68.28%
1 Yr 3.7% 2.2% 35.0% 99.00%
3 Yr 1.3%* -10.0% 3.3% 5.74%
5 Yr 1.0%* -6.9% 1104.3% 35.10%
10 Yr N/A* -0.9% 248.8% N/A

* Annualized

Return Ranking - Calendar

Period DNYMX Return Category Return Low Category Return High Rank in Category (%)
2023 0.8% -1.4% 41.0% 96.81%
2022 -1.9% -39.7% 0.3% 2.50%
2021 -0.7% -5.6% 6.9% 59.44%
2020 0.2% -2.6% 310.0% 94.51%
2019 1.1% 0.0% 26.0% 96.29%

Total Return Ranking - Trailing

Period DNYMX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -2.6% 25.9% 68.28%
1 Yr 3.7% 2.2% 35.0% 99.00%
3 Yr 1.3%* -10.0% 3.3% 5.74%
5 Yr 1.0%* -6.9% 1104.3% 35.10%
10 Yr N/A* -0.9% 248.8% N/A

* Annualized

Total Return Ranking - Calendar

Period DNYMX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -1.3% 41.0% 98.14%
2022 -1.2% -39.7% 1.1% 2.77%
2021 -0.1% -4.8% 23761504.0% 90.01%
2020 0.8% -1.5% 17057.9% 96.53%
2019 2.4% 0.2% 3514.6% 96.86%

NAV & Total Return History


DNYMX - Holdings

Concentration Analysis

DNYMX Category Low Category High DNYMX % Rank
Net Assets 145 M 3.22 M 71.9 B 79.35%
Number of Holdings 127 4 13418 76.44%
Net Assets in Top 10 33.7 M -317 M 3.45 B 74.92%
Weighting of Top 10 23.20% 1.9% 100.1% 26.69%

Top 10 Holdings

  1. Battery Park City Authority 3.90%
  2. Town of East Hampton 2.76%
  3. New York State Dormitory Authority 2.59%
  4. New York State Urban Development Corp. 2.12%
  5. New York State Urban Development Corp. 2.08%
  6. Town of North Hempstead 2.07%
  7. New York State Dormitory Authority 2.04%
  8. BlackRock Liquidity Funds MuniCash 2.00%
  9. New York State Urban Development Corp. 1.82%
  10. New York State Dormitory Authority 1.82%

Asset Allocation

Weighting Return Low Return High DNYMX % Rank
Bonds
98.41% 0.00% 150.86% 63.59%
Stocks
2.00% 0.00% 99.89% 3.58%
Preferred Stocks
0.00% 0.00% 0.08% 51.29%
Other
0.00% -3.72% 51.88% 52.95%
Convertible Bonds
0.00% 0.00% 0.93% 51.03%
Cash
0.00% -50.86% 43.45% 91.44%

Stock Sector Breakdown

Weighting Return Low Return High DNYMX % Rank
Utilities
0.00% 0.00% 0.00% N/A
Technology
0.00% 0.00% 0.00% N/A
Real Estate
0.00% 0.00% 0.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 0.00% N/A
Financial Services
0.00% 0.00% 0.00% N/A
Energy
0.00% 0.00% 0.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 0.00% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DNYMX % Rank
US
2.00% 0.00% 99.89% 3.58%
Non US
0.00% -0.03% 9.76% 50.83%

Bond Sector Breakdown

Weighting Return Low Return High DNYMX % Rank
Municipal
89.79% 44.39% 100.00% 94.80%
Derivative
0.00% -3.72% 51.88% 51.03%
Cash & Equivalents
0.00% 0.00% 43.45% 78.57%
Securitized
0.00% 0.00% 5.93% 51.90%
Corporate
0.00% 0.00% 9.41% 59.89%
Government
0.00% 0.00% 52.02% 54.90%

Bond Geographic Breakdown

Weighting Return Low Return High DNYMX % Rank
US
98.41% 0.00% 142.23% 61.25%
Non US
0.00% 0.00% 23.89% 53.28%

DNYMX - Expenses

Operational Fees

DNYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.26% 0.01% 8.02% 95.68%
Management Fee 0.20% 0.00% 1.20% 5.50%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% 1.09%

Sales Fees

DNYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

DNYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DNYMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 54.00% 0.00% 283.00% 94.22%

DNYMX - Distributions

Dividend Yield Analysis

DNYMX Category Low Category High DNYMX % Rank
Dividend Yield 2.73% 0.00% 14.51% 79.97%

Dividend Distribution Analysis

DNYMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DNYMX Category Low Category High DNYMX % Rank
Net Income Ratio 0.79% -0.53% 5.33% 91.87%

Capital Gain Distribution Analysis

DNYMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

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DNYMX - Fund Manager Analysis

Managers

Joseph Kolerich


Start Date

Tenure

Tenure Rank

Jun 16, 2015

6.96

7.0%

Joseph Kolerich is Head of Fixed Income, Americas, Senior Portfolio Manager and Vice President of Dimensional and a member of the Investment Committee. Mr. Kolerich has an MBA from the University of Chicago Booth School of Business and a BS from Northern Illinois University. Mr. Kolerich joined DFA as a portfolio manager in 2001 and has been responsible for the fixed income portfolios since 2012.

David Plecha


Start Date

Tenure

Tenure Rank

Jun 16, 2015

6.96

7.0%

David Plecha is Dimensional’s Global Head of Fixed Income. A member of the Investment Committee and Investment Research Committee, he not only manages US and global portfolios but also maintains much of the fixed income research and client communications. Dave received his Chartered Financial Analyst® designation in 1996. Prior to joining Dimensional in 1989, he managed stock index futures and options for Leland O’Brien Rubinstein Associates and was an operations planner for Texas Instruments.

Travis Meldau


Start Date

Tenure

Tenure Rank

Feb 28, 2016

6.26

6.3%

Mr. Meldau is a Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Meldau holds an MBA from Wake Forest University, and a BSBA from Appalachian State University. Mr. Meldau joined Dimensional in 2011, has been a portfolio manager since 2011.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.33 1.58