DFAPX

About DFAPX

DFA Investment Grade Portfolio Institutional Class is an actively managed mutual fund specializing in intermediate-term, investment-grade bonds. Its primary objective is to maximize total returns by investing predominantly in a diverse portfolio of high-quality debt securities issued by U.S. and international corporate and government entities. The fund typically maintains an allocation of at least 80% to investment-grade fixed income instruments, ensuring a focus on creditworthy issuers and a moderate sensitivity to interest rates. With management from Dimensional Fund Advisors, the fund offers a well-diversified selection, including U.S. Treasury securities and government-backed mortgage instruments, highlighted by a portfolio of over 800 individual securities. It appeals to institutional investors due to its large asset base—approximately $12 billion in assets—and competitive expense ratio within its peer group. The fund plays a significant role as a core fixed income holding, aiming to provide investors with steady income and risk-adjusted returns within the broader taxable bond market, while minimizing exposure to equities or below-investment-grade bonds.