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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 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
5.4%
1 yr return
12.2%
3 Yr Avg Return
0.3%
5 Yr Avg Return
N/A
Net Assets
$265 M
Holdings in Top 10
17.9%
Expense Ratio 0.30%
Front Load N/A
Deferred Load N/A
Turnover N/A
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
The Global Core Plus Real Return Portfolio will pursue its investment objective by investing in a universe of U.S. and foreign debt securities, including inflation-protected securities, and derivative instruments. The Portfolio primarily invests in securities that mature within twenty years from the date of settlement, but may, as in the case of mortgage-backed securities, invest in securities with longer maturities. Under normal circumstances, the Portfolio will generally maintain a weighted average duration between three and ten years. 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. The Advisor expects that the Portfolio will primarily invest in the obligations of issuers that are in developed countries. However, the Advisor may invest in issuers located in other countries as well, which may include emerging markets. The Advisor selects the Portfolio's foreign country and currency compositions based on an evaluation of various factors, including, but not limited to, relative interest rates and exchange rates.
In making purchase decisions, if the expected term premium is greater for longer-term securities in the eligible maturity range, the Advisor will focus investments in the longer-term area, otherwise, the Global Core Plus Real Return Portfolio will focus investments in the shorter-term area of the eligible maturity range.
The Global Core Plus Real Return Portfolio may invest in fixed income securities considered investment grade at the time of purchase (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 Investor’s Service, Inc. (“Moody’s”)). The Portfolio may invest with an emphasis on fixed income securities rated A+ to BBB- by S&P or Fitch or A1 to Baa3 by Moody’s. In addition, the Portfolio may invest in fixed income securities rated below investment grade (also known as “junk” bonds). The Portfolio will be managed with a view to capturing expected credit premiums and expected term premiums. The term “expected credit premium” means the expected incremental return on investment for holding obligations considered to have greater credit risk than direct obligations of the U.S. Treasury, and “expected term premium” means the expected relative return on investment for holding securities having longer-term maturities as compared to shorter-term maturities. In managing the Portfolio, the Advisor will increase or decrease investment exposure to intermediate-term securities depending on the expected term premium and also increase or decrease investment exposure to lower-rated debt securities depending on the expected credit premium.
The Global Core Plus Real Return Portfolio may invest in inflation protected securities, obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, including mortgage-backed securities, corporate debt obligations, bank obligations, commercial paper, repurchase agreements, money market funds, securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. The Portfolio may purchase or sell mortgage-backed securities on a delayed delivery or forward commitment basis through the “to-be-announced” (TBA) market. 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 Advisor expects that the Portfolio will primarily invest in the obligations of issuers that are in developed countries. The Portfolio intends to invest its assets to gain exposure to at least three different countries, including the United States. Under normal circumstances, the Portfolio invests at least 30% of its net assets in non-U.S. issuers. As of the date of the Prospectus, the Portfolio invests approximately 53% of its net assets in U.S. issuers. This percentage will change due to market conditions. An issuer may be considered to be of a country if it is organized under the laws of, maintains its principal place of business in, has at least 50% of its assets or derives at least 50% of its operating income in, or is a government, government agency, instrumentality or central bank of, that country.
The Global Core Plus Real Return Portfolio may enter into swaps, such as inflation swaps, to seek inflation protection. Because many of the Global Core Plus Real Return Portfolio’s investments may be denominated in foreign currencies, the Portfolio may enter into foreign currency forward contracts to attempt 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 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 total return. The Portfolio may purchase or sell futures contracts and options on futures contracts, to hedge its interest rate or currency exposure or for non-hedging purposes, such as a substitute for direct investment or to increase or decrease market exposure, including adjustments based on actual or expected cash inflows to or outflows from the Portfolio.
The Global Core Plus Real Return Portfolio may lend its portfolio securities to generate additional income.
Period | DFAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.4% | -47.9% | 12.3% | 8.37% |
1 Yr | 12.2% | -45.7% | 27.7% | 5.91% |
3 Yr | 0.3%* | -21.6% | 4.6% | 33.33% |
5 Yr | N/A* | -10.9% | 5.4% | N/A |
10 Yr | N/A* | -4.7% | 3.3% | N/A |
* Annualized
Period | DFAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.1% | -8.7% | 5.1% | 0.50% |
2022 | -15.1% | -52.3% | -4.0% | 39.39% |
2021 | N/A | -7.9% | 7.7% | N/A |
2020 | N/A | -29.4% | 23.0% | N/A |
2019 | N/A | 0.8% | 16.7% | N/A |
Period | DFAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.4% | -47.9% | 12.3% | 8.37% |
1 Yr | 12.2% | -45.7% | 27.7% | 5.91% |
3 Yr | 0.3%* | -21.6% | 4.6% | 33.33% |
5 Yr | N/A* | -10.9% | 5.4% | N/A |
10 Yr | N/A* | -4.7% | 3.3% | N/A |
* Annualized
Period | DFAAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.5% | -5.2% | 9.5% | 0.50% |
2022 | -13.4% | -40.1% | 9.2% | 92.42% |
2021 | N/A | -2.7% | 37.6% | N/A |
2020 | N/A | -0.5% | 27.5% | N/A |
2019 | N/A | 2.8% | 19.3% | N/A |
DFAAX | Category Low | Category High | DFAAX % Rank | |
---|---|---|---|---|
Net Assets | 265 M | 968 K | 51.8 B | 75.37% |
Number of Holdings | 376 | 2 | 1526 | 10.84% |
Net Assets in Top 10 | 47.5 M | 891 K | 24.2 B | 92.12% |
Weighting of Top 10 | 17.91% | 11.9% | 100.0% | 95.05% |
Weighting | Return Low | Return High | DFAAX % Rank | |
---|---|---|---|---|
Bonds | 105.01% | 0.00% | 198.42% | 8.87% |
Cash | 1.81% | -42.00% | 15.28% | 27.59% |
Other | 1.65% | -55.92% | 68.12% | 37.44% |
Convertible Bonds | 1.40% | 0.00% | 3.96% | 7.39% |
Stocks | 0.87% | 0.00% | 100.03% | 5.91% |
Preferred Stocks | 0.00% | 0.00% | 0.78% | 64.04% |
Weighting | Return Low | Return High | DFAAX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 1.13% | N/A |
Technology | 0.00% | 0.00% | 48.29% | N/A |
Real Estate | 0.00% | 0.00% | 99.95% | N/A |
Industrials | 0.00% | 0.00% | 3.93% | N/A |
Healthcare | 0.00% | 0.00% | 6.17% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 10.65% | N/A |
Communication Services | 0.00% | 0.00% | 17.02% | N/A |
Consumer Defense | 0.00% | 0.00% | 31.30% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 16.99% | N/A |
Basic Materials | 0.00% | 0.00% | 22.13% | N/A |
Weighting | Return Low | Return High | DFAAX % Rank | |
---|---|---|---|---|
US | 0.87% | 0.00% | 100.03% | 5.91% |
Non US | 0.00% | 0.00% | 81.06% | 58.62% |
Weighting | Return Low | Return High | DFAAX % Rank | |
---|---|---|---|---|
Government | 49.34% | 6.70% | 112.97% | 91.63% |
Corporate | 27.62% | 0.00% | 50.64% | 6.90% |
Securitized | 3.96% | 0.00% | 58.03% | 36.95% |
Cash & Equivalents | 1.81% | -0.08% | 15.28% | 24.14% |
Derivative | 1.65% | -22.87% | 13.49% | 15.27% |
Municipal | 0.00% | 0.00% | 1.28% | 67.49% |
Weighting | Return Low | Return High | DFAAX % Rank | |
---|---|---|---|---|
US | 62.82% | 0.00% | 174.44% | 93.60% |
Non US | 42.19% | 0.00% | 42.19% | 0.49% |
DFAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.30% | 0.03% | 22.29% | 82.09% |
Management Fee | 0.21% | 0.00% | 0.99% | 25.62% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
DFAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
DFAAX 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.
DFAAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 246.00% | N/A |
DFAAX | Category Low | Category High | DFAAX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.88% | 0.00% | 14.25% | 27.09% |
DFAAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Monthly |
DFAAX | Category Low | Category High | DFAAX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.34% | -0.06% | 6.71% | 92.00% |
DFAAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.166 | OrdinaryDividend |
Dec 13, 2023 | $0.223 | OrdinaryDividend |
Sep 28, 2023 | $0.150 | OrdinaryDividend |
Dec 14, 2022 | $0.103 | OrdinaryDividend |
Sep 29, 2022 | $0.035 | OrdinaryDividend |
Jun 29, 2022 | $0.016 | OrdinaryDividend |
Mar 30, 2022 | $0.030 | OrdinaryDividend |
Dec 15, 2021 | $0.049 | OrdinaryDividend |
Dec 15, 2021 | $0.005 | CapitalGainShortTerm |
Sep 29, 2021 | $0.038 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Apr 26, 2021
1.1
1.1%
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
Apr 26, 2021
1.1
1.1%
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
Apr 26, 2021
1.1
1.1%
Mr. Shao is a Vice President and Senior Portfolio Manager of Dimensional Fund Advisors LP . Mr. Shao holds an MA from the University of California at Los Angeles and a BS from Columbia University. Mr. Shao joined Dimensional Fund in 2006, has been a portfolio manager since 2011, and has been responsible for the DFA Intermediate-Term Extended Quality Portfolio, DFA Global Core Plus Fixed Income Portfolio, DFA Investment Grade Portfolio and DFA Short-Duration Real Return Portfolio since 2019 and the DFA Global Core Plus Real Return Portfolio since its inception.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.17 | 20.51 | 6.55 | 11.1 |
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...