DFA Municipal Real Return Institutional NMFQS:DMREX

Muni National Short | Dimensional Fund Advisors

$10.71

↓ $-0.01 (-0.09%)

Last Updated: Oct 23, 2026

Fund Information

Fund Category Muni National Short

Fund Family Dimensional Fund Advisors

Fund Style Large Value

ISIN US25239Y5502

CUSIP 25239Y550

Inception Date -

Domicile -

Country USA

Fiscal Year End -

NAV Chart

Fund Metrics

Net Assets $867.98 Million

Share Class Net Assets $-

Expense Ratio 0.24%

Expense Ratio Date -

Dividend Yield 0.02%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 1.68%

1-Year Return 1.49%

3-Year Return 3.14%

5-Year Return 2.15%

NAV $10.71

Previous Close Price $10.72

Last Update 2026-09-30

Dividend Information

Dividend Yield 0.02%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About DFA Municipal Real Return Institutional

The fund seeks its investment objective by investing primarily in a universe of investment grade municipal securities, including inflation-protected municipal securities, and in derivative instruments to provide inflation protection. It will invest at least 80% of its net assets in municipal securities that pay interest exempt from federal income tax. No more than 25% of the fund's assets will be invested in municipal securities that, at the time of purchase, are rated in the lowest quarter of the investment grade spectrum.

Detailed Metrics

Market Cap Distribution

AverageMarketCap %

Giant %

Large %

Medium %

Micro %

Small %

Value & Growth Metrics

Book-Value Growth % %

Cash-Flow Growth % %

Dividend Yield % %

Historical Earnings % %

Long-Term Earnings % %

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	94.40%	191.00%	96.60%	94.30%	0.00%
Cash	5.60%	5.60%	0.00%	7.85%	0.00%
Non US Stock	0.00%	0.00%	0.00%	0.00%	0.00%
Not Classified	0.00%	0.00%	0.00%	0.00%	0.00%
Other	0.00%	0.00%	0.00%	0.12%	0.00%
US Stock	0.00%	0.00%	0.00%	0.00%	0.00%

Top Holdings

Name	Weight	Owned	Change
Gwinnett County School District	1.45%	-	-
BlackRock Liquidity Funds MuniCash	0.93%	-	-
School District of Broward County	1.06%	-	-
County of Los Angeles	1.06%	-	-
County of Hudson	1.01%	-	-
Board of Regents of the University of Texas System	0.80%	-	-
County of King Sewer Revenue	0.75%	-	-
Las Vegas Valley Water District	0.75%	-	-
State of Nevada	0.74%	-	-
Ysleta Independent School District	None	-	-
Beaufort County School District	0.92%	-	-
Town of North Hempstead	0.80%	-	-
County of Beaufort	0.89%	-	-
Commonwealth of Massachusetts	0.93%	-	-
Hampton Roads Transportation Accountability Commission	0.97%	-	-
Town of Greenwich	0.96%	-	-
County of Travis	0.95%	-	-
Town of Westborough	0.91%	-	-
Permanent University Fund - Texas AM University System	0.88%	-	-
State of Maryland	0.87%	-	-
City of Charlotte Water Sewer System Revenue	0.86%	-	-
City of Danbury	1.12%	-	-
University of Houston	0.89%	-	-

See the full breakdown of DMREX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	5.84%	2.56%	0.00%
Bond Sector	Corporate	0.00%	0.35%	0.00%	0.00%
Bond Sector	Derivative	0.00%	0.01%	0.00%	0.00%
Bond Sector	Government	0.00%	3.70%	50.25%	0.00%
Bond Sector	Municipal	0.00%	90.04%	47.19%	0.00%
Bond Sector	Securitized	0.00%	0.07%	0.00%	0.00%
Cyclical	Basic Materials	0.00%	0.00%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	0.00%	0.00%	0.00%
Cyclical	Financial Services	0.00%	0.00%	0.00%	0.00%
Cyclical	Real Estate	0.00%	0.00%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.00%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.00%	0.00%	0.00%
Defensive	Utilities	0.00%	0.00%	0.00%	0.00%
Sensitive	Communication Services	0.00%	100.00%	0.00%	0.00%
Sensitive	Energy	0.00%	0.00%	0.00%	0.00%
Sensitive	Industrials	0.00%	0.00%	0.00%	0.00%
Sensitive	Technology	0.00%	0.00%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	50.00%	-	-
Greater Asia	Asia Developed	-	-	-
Greater Asia	Asia Emerging	-	-	-
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	-	-	-
Greater Europe	Europe Developed	50.00%	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	-	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-10	$0.031	$0.031	USD	-	-	-	-
2024-11-27	$0.020	$0.020	USD	-	-	-	-
2024-10-30	$0.024	$0.024	USD	-	2024-10-29	2024-10-31	Monthly
2024-09-27	$0.019	$0.019	USD	-	2024-09-26	2024-09-30	Monthly
2024-08-29	$0.020	$0.020	USD	-	2024-08-28	2024-08-30	Monthly
2024-07-30	$0.025	$0.025	USD	-	2024-07-29	2024-07-31	Monthly
2024-06-27	$0.020	$0.020	USD	-	2024-06-26	2024-06-28	Monthly
2024-05-30	$0.021	$0.021	USD	-	2024-05-29	2024-05-31	Monthly
2024-04-29	$0.021	$0.021	USD	-	2024-04-26	2024-04-30	Monthly
2024-03-27	$0.022	$0.022	USD	-	2024-03-26	2024-03-28	Monthly
2024-02-28	$0.020	$0.020	USD	-	2024-02-27	2024-02-29	Monthly
2024-01-30	$0.012	$0.012	USD	-	2024-01-29	2024-01-31	Monthly
2023-12-11	$0.029	$0.029	USD	-	2023-12-08	2023-12-12	Monthly
2023-11-29	$0.019	$0.019	USD	-	2023-11-28	2023-11-30	Monthly
2023-10-30	$0.022	$0.022	USD	-	2023-10-27	2023-10-31	Monthly
2023-09-28	$0.017	$0.017	USD	-	2023-09-27	2023-09-29	Monthly
2023-08-30	$0.019	$0.019	USD	-	2023-08-29	2023-08-31	Monthly
2023-07-28	$0.017	$0.017	USD	-	2023-07-27	2023-07-31	Monthly
2023-06-29	$0.015	$0.015	USD	-	2023-06-28	2023-06-30	Monthly
2023-05-30	$0.016	$0.016	USD	-	2023-05-26	2023-05-31	Monthly
2023-04-27	$0.012	$0.012	USD	-	2023-04-26	2023-04-28	Monthly
2023-03-30	$0.020	$0.020	USD	-	2023-03-29	2023-03-31	Monthly
2023-02-27	$0.010	$0.010	USD	-	2023-02-24	2023-02-28	Monthly
2023-01-30	$0.014	$0.014	USD	2023-01-30	2023-01-27	2023-01-31	Monthly
2022-12-12	$0.016	$0.016	USD	2022-12-12	2022-12-09	2022-12-13	Monthly
2022-11-29	$0.013	$0.013	USD	2022-11-29	2022-11-28	2022-11-30	Monthly
2022-10-28	$0.012	$0.012	USD	2022-10-28	2022-10-27	2022-10-31	Monthly
2022-09-29	$0.012	$0.012	USD	2022-09-29	2022-09-28	2022-09-30	Monthly
2022-08-30	$0.010	$0.010	USD	-	2022-08-29	2022-08-31	Monthly
2022-07-28	$0.011	$0.011	USD	-	2022-07-27	2022-07-29	Monthly
2022-06-29	$0.010	$0.010	USD	-	2022-06-28	2022-06-30	Monthly
2022-05-27	$0.009	$0.009	USD	-	2022-05-26	2022-05-31	Monthly
2022-04-28	$0.007	$0.007	USD	-	2022-04-27	2022-04-29	Monthly
2022-03-30	$0.011	$0.011	USD	-	2022-03-29	2022-03-31	Monthly
2022-02-25	$0.006	$0.006	USD	2022-02-25	2022-02-24	2022-02-28	Monthly
2022-01-28	$0.009	$0.009	USD	2022-01-28	2022-01-27	2022-01-31	Monthly
2021-12-13	$0.007	$0.007	USD	2021-12-13	2021-12-10	2021-12-14	Monthly
2021-11-29	$0.008	$0.008	USD	2021-11-29	2021-11-26	2021-11-30	Monthly
2021-10-28	$0.008	$0.008	USD	2021-10-28	2021-10-27	2021-10-29	Monthly
2021-09-29	$0.008	$0.008	USD	2021-09-29	2021-09-28	2021-09-30	Monthly
2021-08-30	$0.009	$0.009	USD	2021-08-30	2021-08-27	2021-08-31	Monthly
2021-07-29	$0.009	$0.009	USD	2021-07-29	2021-07-28	2021-07-30	Monthly
2021-06-29	$0.009	$0.009	USD	2021-06-29	2021-06-28	2021-06-30	Monthly
2021-05-27	$0.009	$0.009	USD	2021-05-27	2021-05-26	2021-05-28	Monthly
2021-04-29	$0.009	$0.009	USD	2021-04-29	2021-04-28	2021-04-30	Monthly
2021-03-30	$0.013	$0.013	USD	2021-03-30	2021-03-29	2021-03-31	Monthly
2021-02-25	$0.009	$0.009	USD	2021-02-25	2021-02-24	2021-02-26	Monthly
2021-01-28	$0.010	$0.010	USD	2021-01-28	2021-01-27	2021-01-29	Monthly
2020-12-14	$0.011	$0.011	USD	2020-12-14	2020-12-11	2020-12-15	Monthly
2020-11-27	$0.009	$0.009	USD	2020-11-27	2020-11-25	2020-11-30	Monthly
2020-10-29	$0.013	$0.013	USD	2020-10-29	2020-10-28	2020-10-30	Monthly
2020-09-29	$0.010	$0.010	USD	2020-09-29	2020-09-28	2020-09-30	Monthly
2020-08-28	$0.010	$0.010	USD	2020-08-28	2020-08-27	2020-08-31	Monthly
2020-07-30	$0.012	$0.012	USD	2020-07-30	2020-07-29	2020-07-31	Monthly
2020-06-29	$0.016	$0.016	USD	2020-06-29	2020-06-26	2020-06-30	Monthly
2020-05-28	$0.013	$0.013	USD	2020-05-28	2020-05-27	2020-05-29	Monthly
2020-04-29	$0.013	$0.013	USD	2020-04-29	2020-04-28	2020-04-30	Monthly
2020-03-30	$0.017	$0.017	USD	2020-03-30	2020-03-27	2020-03-31	Monthly
2020-02-27	$0.011	$0.011	USD	2020-02-27	2020-02-26	2020-02-28	Monthly
2020-01-30	$0.016	$0.016	USD	2020-01-30	2020-01-29	2020-01-31	Monthly
2019-12-16	$0.012	$0.012	USD	2019-12-16	2019-12-13	2019-12-17	Monthly
2019-11-27	$0.012	$0.012	USD	2019-11-27	2019-11-26	2019-11-29	Monthly
2019-10-30	$0.016	$0.016	USD	2019-10-30	2019-10-29	2019-10-31	Monthly
2019-09-27	$0.011	$0.011	USD	2019-09-27	2019-09-26	2019-09-30	Monthly
2019-08-29	$0.012	$0.012	USD	2019-08-29	2019-08-28	2019-08-30	Monthly
2019-07-30	$0.015	$0.015	USD	2019-07-30	2019-07-29	2019-07-31	Monthly
2019-06-27	$0.012	$0.012	USD	2019-06-27	2019-06-26	2019-06-28	Monthly
2019-05-30	$0.014	$0.014	USD	2019-05-30	2019-05-29	2019-05-31	Monthly
2019-04-29	$0.017	$0.017	USD	2019-04-29	2019-04-26	2019-04-30	Monthly
2019-03-28	$0.012	$0.012	USD	2019-03-28	2019-03-27	2019-03-29	Monthly
2019-02-27	$0.012	$0.012	USD	2019-02-27	2019-02-26	2019-02-28	Monthly
2019-01-30	$0.018	$0.018	USD	2019-01-30	2019-01-29	2019-01-31	Monthly
2018-12-17	$0.014	$0.014	USD	2018-12-17	2018-12-14	2018-12-18	Monthly
2018-11-29	$0.009	$0.009	USD	2018-11-29	2018-11-28	2018-11-30	Monthly
2018-10-30	$0.015	$0.015	USD	2018-10-30	2018-10-29	2018-10-31	Monthly
2018-09-27	$0.011	$0.011	USD	2018-09-27	2018-09-26	2018-09-28	Monthly
2018-08-30	$0.012	$0.012	USD	2018-08-30	2018-08-29	2018-08-31	Monthly
2018-07-30	$0.013	$0.013	USD	2018-07-30	2018-07-27	2018-07-31	Monthly
2018-06-28	$0.012	$0.012	USD	2018-06-28	2018-06-27	2018-06-29	Monthly
2018-05-30	$0.013	$0.013	USD	2018-05-30	2018-05-29	2018-05-31	Monthly
2018-04-27	$0.012	$0.012	USD	2018-04-27	2018-04-26	2018-04-30	Monthly
2018-03-28	$0.016	$0.016	USD	2018-03-28	2018-03-27	2018-03-29	Monthly
2018-02-27	$0.009	$0.009	USD	2018-02-27	2018-02-26	2018-02-28	Monthly
2018-01-30	$0.015	$0.015	USD	2018-01-30	2018-01-29	2018-01-31	Monthly
2017-12-14	$0.009	$0.009	USD	2017-12-14	2017-12-13	2017-12-15	Monthly
2017-11-29	$0.009	$0.009	USD	2017-11-29	2017-11-28	2017-11-30	Monthly
2017-10-30	$0.012	$0.012	USD	2017-10-30	2017-10-27	2017-10-31	Monthly
2017-09-28	$0.008	$0.008	USD	2017-09-28	2017-09-27	2017-09-29	Monthly
2017-08-30	$0.013	$0.013	USD	2017-08-30	2017-08-29	2017-08-31	Monthly
2017-07-28	$0.011	$0.011	USD	2017-07-28	2017-07-27	2017-07-31	Monthly
2017-06-29	$0.011	$0.011	USD	2017-06-29	2017-06-28	2017-06-30	Monthly
2017-05-30	$0.011	$0.011	USD	-	2017-05-26	2017-05-31	Monthly
2017-04-27	$0.010	$0.010	USD	-	2017-04-26	2017-04-28	Monthly
2017-03-30	$0.014	$0.014	USD	2017-03-30	2017-03-29	2017-03-31	Monthly
2017-02-27	$0.009	$0.009	USD	2017-02-27	2017-02-24	2017-02-28	Monthly
2017-01-30	$0.013	$0.013	USD	2017-01-30	2017-01-27	2017-01-31	Monthly
2016-12-14	$0.008	$0.008	USD	2016-12-14	2016-12-13	2016-12-15	Monthly
2016-11-29	$0.009	$0.009	USD	2016-11-29	2016-11-28	2016-11-30	Monthly
2016-10-28	$0.011	$0.011	USD	2016-10-28	2016-10-27	2016-10-31	Monthly
2016-09-29	$0.008	$0.008	USD	2016-09-29	2016-09-28	2016-09-30	Monthly
2016-08-30	$0.009	$0.009	USD	2016-08-30	2016-08-29	2016-08-31	Monthly
2016-07-28	$0.010	$0.010	USD	2016-07-28	2016-07-27	2016-07-29	Monthly
2016-06-29	$0.009	$0.009	USD	2016-06-29	2016-06-28	2016-06-30	Monthly
2016-05-27	$0.008	$0.008	USD	2016-05-27	2016-05-26	2016-05-31	Monthly
2016-04-28	$0.009	$0.009	USD	2016-04-28	2016-04-27	2016-04-29	Monthly
2016-03-30	$0.012	$0.012	USD	2016-03-30	2016-03-29	2016-03-31	Monthly
2016-02-26	$0.007	$0.007	USD	2016-02-26	2016-02-25	2016-02-29	Monthly
2016-01-28	$0.014	$0.014	USD	2016-01-28	2016-01-27	2016-01-29	Monthly
2015-12-15	$0.008	$0.008	USD	2015-12-15	2015-12-14	2015-12-16	Monthly
2015-11-27	$0.015	$0.015	USD	2015-11-27	2015-11-25	2015-11-30	Monthly
2015-10-08	$0.010	$0.010	USD	2015-10-08	2015-10-07	2015-10-09	Monthly
2015-09-09	$0.009	$0.009	USD	2015-09-09	2015-09-08	2015-09-10	Monthly
2015-08-10	$0.006	$0.006	USD	2015-08-10	2015-08-07	2015-08-11	Monthly
2015-07-09	$0.009	$0.009	USD	2015-07-09	2015-07-08	2015-07-10	Monthly
2015-06-08	$0.008	$0.008	USD	2015-06-08	2015-06-05	2015-06-09	Monthly
2015-05-08	$0.009	$0.009	USD	2015-05-08	2015-05-07	2015-05-11	Monthly
2015-04-09	$0.005	$0.005	USD	2015-04-09	2015-04-08	2015-04-10	Monthly
2015-03-09	$0.012	$0.012	USD	2015-03-09	2015-03-06	2015-03-10	Monthly
2015-02-09	$0.014	$0.014	USD	2015-02-09	2015-02-06	2015-02-10	Other

View the full dividend history for DMREX.