DFA Municipal Real Return Portfolio announces plans to launch

By Toni Weeks

San Luis Obispo, Calif., July 8 – DFA Investment Dimensions Group Inc. announced in an N-1A filing with the Securities and Exchange Commission its plans to offer a new municipal fund, the DFA Municipal Real Return Portfolio.

The fund will seek inflation protection and to provide current income by investing at least 75% of its assets in investment-grade municipal securities, the interest on which is exempt from regular federal income tax. The portfolio will include inflation-protected municipal securities as well as derivative instruments to provide inflation protection.

David A. Plecha and Joseph F. Kolerich will be the portfolio managers.

The fund will offer institutional class shares. The ticker symbol has not yet been set.

There will be no sales load. Including a management fee of 0.2% and the effects of a fee waiver with the investment adviser, total annual fund operating expenses are expected to be 0.27%.

Austin, Texas-based Dimensional Fund Advisors LP will serve as the investment adviser.

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