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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
6.8%
1 yr return
3.2%
3 Yr Avg Return
11.2%
5 Yr Avg Return
13.3%
Net Assets
$1.05 B
Holdings in Top 10
63.1%
Expense Ratio 0.32%
Front Load N/A
Deferred Load N/A
Turnover 114.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/10/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The DFA Commodity Strategy Portfolio seeks to achieve its investment objective by generally investing in a universe of allowable commodity-linked derivative instruments and fixed income investment opportunities. The Portfolio gains exposure to commodities markets by investing in derivative instruments, such as structured notes whose principal and/or coupon payments are linked to commodities or commodity indices, in swap agreements, and/or in other commodity-linked instruments (such as futures contracts on individual commodities or commodity indices). The Portfolio may invest up to 25% of its total assets in Dimensional Cayman Commodity Fund I Ltd. (the “Subsidiary”), a wholly-owned subsidiary of the Portfolio formed in the Cayman Islands, which has the same investment objective as the Portfolio and has a strategy of investing in derivative instruments, such as commodity-linked swap agreements and other commodity-linked instruments, futures contracts on individual commodities or
commodity indices, and options on these instruments. The Portfolio, directly and/or through its investment in the Subsidiary, expects to use such derivatives extensively as part of its investment strategy.
The DFA Commodity Strategy Portfolio will invest in obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, bank obligations, commercial paper, repurchase agreements, money market funds, obligations of other domestic and foreign issuers having investment grade ratings (e.g., rated AAA to BBB- by S&P Global Ratings (“S&P”) or Fitch Ratings Ltd. (“Fitch”) or Aaa to Baa3 by Moody’s Investors Service, Inc. (“Moody’s”)), securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. Dimensional Fund Advisors LP (the “Advisor”) expects that the Portfolio will primarily invest in the obligations of issuers that are in developed countries. The fixed income securities in which the Portfolio invests are considered investment grade at the time of purchase. In addition, the Portfolio is authorized to invest more than 25% of its total assets in U.S. Treasury bonds, bills and notes, and obligations of federal agencies and instrumentalities.
The DFA Commodity Strategy Portfolio’s fixed income securities primarily will mature within five years from the date of settlement, and the Portfolio maintains a weighted average duration of three years or less. Duration is a measure of the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. Similarly, a portfolio with a longer average portfolio duration will be more sensitive to changes in interest rates than a fund with a shorter average portfolio duration. In making purchase decisions, if the expected term premium is greater for longer-term securities in the eligible maturity range, the Advisor will focus investment in the longer-term area, otherwise, the Portfolio will focus investment in the shorter-term area of the eligible maturity range.
The DFA Commodity Strategy Portfolio’s investments may include foreign securities denominated in foreign currencies. The Portfolio intends to hedge foreign currency exposure to protect against uncertainty in the level of future foreign currency rates, to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. The Portfolio may hedge such currency exposure by entering into foreign currency forward contracts. The Portfolio also may enter into credit default swaps on issuers or indices to buy or sell credit protection to hedge its credit exposure, gain market or issuer exposure without owning the underlying securities, or increase the Portfolio’s expected total return. The Portfolio may purchase or sell futures contracts and options on futures contracts, to hedge its currency exposure or to hedge its interest rate exposure or for non-hedging purposes, such as a substitute for direct investment or to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Portfolio.
The DFA Commodity Strategy Portfolio may lend its portfolio securities to generate additional income.
Period | DCMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | -25.4% | 30.5% | 63.36% |
1 Yr | 3.2% | -52.1% | 40.9% | 74.05% |
3 Yr | 11.2%* | -41.3% | 276.8% | 15.50% |
5 Yr | 13.3%* | -27.6% | 134.0% | 15.08% |
10 Yr | 3.1%* | -26.5% | 47.3% | 33.33% |
* Annualized
Period | DCMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -11.4% | -64.0% | 30.1% | 69.47% |
2022 | 3.8% | -40.8% | 2475.6% | 33.08% |
2021 | -12.7% | -23.3% | 106.7% | 91.47% |
2020 | -2.2% | -71.9% | 295.5% | 61.90% |
2019 | 6.3% | -31.8% | 53.9% | 53.60% |
Period | DCMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.8% | -25.4% | 30.5% | 63.36% |
1 Yr | 3.2% | -52.1% | 40.9% | 74.05% |
3 Yr | 11.2%* | -41.3% | 276.8% | 15.50% |
5 Yr | 13.3%* | -27.6% | 134.0% | 15.08% |
10 Yr | 3.1%* | -26.5% | 47.3% | 33.33% |
* Annualized
Period | DCMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -9.1% | -64.0% | 41.1% | 87.79% |
2022 | 11.4% | -15.1% | 5648.8% | 65.38% |
2021 | 70.5% | -23.3% | 188.1% | 5.43% |
2020 | -1.8% | -67.8% | 296.1% | 65.87% |
2019 | 8.0% | -31.8% | 53.9% | 56.80% |
DCMSX | Category Low | Category High | DCMSX % Rank | |
---|---|---|---|---|
Net Assets | 1.05 B | 2.34 M | 62.8 B | 22.50% |
Number of Holdings | 171 | 1 | 1009 | 33.59% |
Net Assets in Top 10 | 660 M | 2.66 M | 63.2 B | 35.88% |
Weighting of Top 10 | 63.12% | 17.2% | 169.5% | 55.12% |
Weighting | Return Low | Return High | DCMSX % Rank | |
---|---|---|---|---|
Bonds | 91.74% | 0.00% | 127.91% | 10.69% |
Cash | 8.60% | 0.00% | 101.92% | 68.99% |
Stocks | 5.72% | 0.00% | 49.31% | 25.95% |
Convertible Bonds | 3.89% | 0.00% | 3.89% | 0.78% |
Other | 0.51% | -7.17% | 100.19% | 57.36% |
Preferred Stocks | 0.00% | 0.00% | 0.08% | 28.68% |
Weighting | Return Low | Return High | DCMSX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 27.00% | N/A |
Technology | 0.00% | 0.00% | 2.77% | N/A |
Real Estate | 0.00% | 0.00% | 13.82% | N/A |
Industrials | 0.00% | 0.00% | 23.28% | N/A |
Healthcare | 0.00% | 0.00% | 1.73% | N/A |
Financial Services | 0.00% | 0.00% | 13.67% | N/A |
Energy | 0.00% | 0.00% | 33.64% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 12.04% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 3.41% | N/A |
Basic Materials | 0.00% | 0.00% | 47.41% | N/A |
Weighting | Return Low | Return High | DCMSX % Rank | |
---|---|---|---|---|
US | 5.72% | 0.00% | 32.22% | 26.36% |
Non US | 0.00% | 0.00% | 28.00% | 33.33% |
Weighting | Return Low | Return High | DCMSX % Rank | |
---|---|---|---|---|
Government | 44.37% | 0.00% | 100.00% | 26.96% |
Corporate | 32.66% | 0.00% | 42.72% | 12.17% |
Cash & Equivalents | 8.60% | 0.00% | 100.00% | 70.69% |
Derivative | 0.51% | -7.17% | 100.19% | 26.72% |
Securitized | 0.00% | 0.00% | 36.61% | 43.48% |
Municipal | 0.00% | 0.00% | 1.45% | 28.70% |
Weighting | Return Low | Return High | DCMSX % Rank | |
---|---|---|---|---|
US | 91.10% | 0.00% | 116.12% | 10.85% |
Non US | 0.64% | 0.00% | 12.98% | 10.08% |
DCMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.32% | 0.21% | 5.23% | 97.06% |
Management Fee | 0.28% | 0.00% | 1.75% | 8.13% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.45% | 1.61% |
DCMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
DCMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DCMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 114.00% | 0.00% | 162.00% | 86.81% |
DCMSX | Category Low | Category High | DCMSX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.40% | 0.00% | 19.94% | 43.75% |
DCMSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
DCMSX | Category Low | Category High | DCMSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.24% | -55.71% | 52.26% | 25.78% |
DCMSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.039 | OrdinaryDividend |
Mar 27, 2024 | $0.004 | OrdinaryDividend |
Dec 13, 2023 | $0.092 | OrdinaryDividend |
Sep 28, 2023 | $0.018 | OrdinaryDividend |
Dec 14, 2022 | $0.350 | OrdinaryDividend |
Sep 29, 2022 | $0.015 | OrdinaryDividend |
Jun 29, 2022 | $0.002 | OrdinaryDividend |
Dec 15, 2021 | $2.152 | OrdinaryDividend |
Dec 15, 2021 | $0.030 | CapitalGainShortTerm |
Dec 15, 2021 | $2.165 | CapitalGainLongTerm |
Dec 16, 2020 | $0.017 | OrdinaryDividend |
Mar 30, 2020 | $0.003 | OrdinaryDividend |
Dec 17, 2019 | $0.057 | OrdinaryDividend |
Jun 27, 2019 | $0.026 | OrdinaryDividend |
Mar 28, 2019 | $0.001 | OrdinaryDividend |
Dec 18, 2018 | $0.079 | OrdinaryDividend |
Sep 27, 2018 | $0.006 | OrdinaryDividend |
Dec 15, 2017 | $0.149 | OrdinaryDividend |
Sep 28, 2017 | $0.011 | OrdinaryDividend |
Jun 29, 2017 | $0.013 | OrdinaryDividend |
Mar 30, 2017 | $0.012 | OrdinaryDividend |
Dec 15, 2016 | $0.045 | OrdinaryDividend |
Dec 15, 2016 | $0.003 | CapitalGainShortTerm |
Sep 29, 2016 | $0.008 | OrdinaryDividend |
Jun 29, 2016 | $0.008 | OrdinaryDividend |
Mar 30, 2016 | $0.009 | OrdinaryDividend |
Dec 16, 2015 | $0.007 | OrdinaryDividend |
Dec 16, 2015 | $0.001 | CapitalGainLongTerm |
Dec 16, 2014 | $0.063 | OrdinaryDividend |
Dec 16, 2014 | $0.000 | CapitalGainShortTerm |
Dec 16, 2014 | $0.006 | CapitalGainLongTerm |
Jun 09, 2014 | $0.010 | OrdinaryDividend |
Mar 10, 2014 | $0.013 | OrdinaryDividend |
Dec 12, 2013 | $0.004 | CapitalGainShortTerm |
Dec 12, 2013 | $0.005 | CapitalGainLongTerm |
Dec 12, 2013 | $0.016 | OrdinaryDividend |
Dec 13, 2012 | $0.018 | OrdinaryDividend |
Dec 13, 2012 | $0.009 | CapitalGainShortTerm |
Dec 13, 2012 | $0.009 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Nov 09, 2010
11.56
11.6%
David Plecha is Dimensional’s Global Head of Fixed Income. A member of the Investment Committee and Investment Research Committee, he not only manages US and global portfolios but also maintains much of the fixed income research and client communications. Dave received his Chartered Financial Analyst® designation in 1996. Prior to joining Dimensional in 1989, he managed stock index futures and options for Leland O’Brien Rubinstein Associates and was an operations planner for Texas Instruments.
Start Date
Tenure
Tenure Rank
Feb 28, 2012
10.26
10.3%
Joseph Kolerich is Head of Fixed Income, Americas, Senior Portfolio Manager and Vice President of Dimensional and a member of the Investment Committee. Mr. Kolerich has an MBA from the University of Chicago Booth School of Business and a BS from Northern Illinois University. Mr. Kolerich joined DFA as a portfolio manager in 2001 and has been responsible for the fixed income portfolios since 2012.
Start Date
Tenure
Tenure Rank
Jul 21, 2015
6.87
6.9%
Mr. Hutchison is a Portfolio Manager of Dimensional Fund Advisors LP. Mr. Hutchison holds an MBA from Drake University and a BBA from Texas Tech University. Mr. Hutchison joined Dimensional Fund Advisors LP in 2006, has been a portfolio manager since 2010.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.33 | 17.03 | 6.1 | 11.51 |
Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...
Dividend Investing Ideas Center
If you are reaching retirement age, there is a good chance that you...