DFA California Intermediate-Term Municipal Bond Port
DCIBX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 6300 Bee Cave Road, Building One Austin TX United States of America 78746
- IPO Date
- Dec 1, 2011
- CIK
- 0000355437
- Website
- dimensional.com
- Similar Companies
- Business
- DFA California Intermediate-Term Municipal Bond Portfolio Institutional Class Shares (DCIBX) is an open-end mutual fund managed by Dimensional Fund Advisors LP that seeks to provide current income expected to be exempt from federal and California state personal income taxes. The fund normally invests at least 80% of its net assets in a portfolio of municipal securities issued by or on behalf of the State of California or its local governments, agencies, authorities and instrumentalities, focusing on investment-grade bonds with intermediate-term maturities and high credit quality; top holdings include California State general obligation bonds at 5%, Bay Area Toll Authority toll bridge revenue bonds at 1.75%, Los Angeles Unified School District bonds at 5%, and similar tax-exempt securities comprising approximately 97.68% of assets, with the remainder in cash equivalents. It targets investors seeking tax-advantaged income from California muni bonds in the Muni California Intermediate category, with a net expense ratio of 0.21%, no front-end or deferred loads, and assets under management of about $425 million. Dimensional Fund Advisors LP, founded in 1981 and headquartered in Austin, Texas, operates globally with offices across the U.S., Canada, U.K., Germany, Netherlands, Australia, Singapore, and Japan, pioneering systematic investing in equity and fixed income products including mutual funds like DCIBX. The fund launched on November 29, 2011, and remains domiciled in the United States, available primarily to institutional and advisor-access investors. In recent developments, Dimensional renewed its transfer agent relationship with SS&C Global Investor and Distribution Solutions in March 2025 to enhance operational efficiency for its funds. The firm continues to emphasize academic research-driven fixed income strategies amid a stable muni market, with DCIBX maintaining strong relative performance in its category over one- to five-year periods as of late 2025. No major acquisitions, new product launches, or strategic shifts specific to DCIBX were reported in 2024-2025.