DCIBX DFA CA Intermediate-Term Muni Bd I Forecast, Technical & Fundamental Analysis

The investment seeks to provide current income that is expected to be exempt from federal personal income taxes and California state personal income taxes. The fund normally invests in a universe of municipal securities issued by or on behalf of California state or local governments and their agencies, instrumentalities and regional governmental authorities, the interest on which is exempt from regular federal income tax and the state personal income tax of California. It maintains a dollar-weighted average portfolio maturity of more than three years but less than ten years.