Continue to site >
Trending ETFs

DFA Short-Duration Real Return Portfolio

mutual fund
DFAIX
Payout Change
Pending
Price as of:
$10.77 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
share class
DFAIX (Mutual Fund)

DFA Short-Duration Real Return Portfolio

Payout Change
Pending
Price as of:
$10.77 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
share class
DFAIX (Mutual Fund)

DFA Short-Duration Real Return Portfolio

Payout Change
Pending
Price as of:
$10.77 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
share class

Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.77

$1.92 B

3.49%

$0.38

0.22%

Vitals

YTD Return

5.0%

1 yr return

7.0%

3 Yr Avg Return

2.8%

5 Yr Avg Return

3.4%

Net Assets

$1.92 B

Holdings in Top 10

14.7%

52 WEEK LOW AND HIGH

$10.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 72.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/04/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.77

$1.92 B

3.49%

$0.38

0.22%

DFAIX - Profile

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.17%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    DFA Short-Duration Real Return Portfolio
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Nov 05, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Plecha

Fund Description

The Short-Duration Real Return Portfolio pursues its investment objective by investing in a combination of debt securities, including inflation-protected securities, and derivative instruments. The Portfolio will maintain a weighted average duration of three years or less. In making purchase decisions, if the expected term premium is greater for longer-term securities in the eligible maturity range, Dimensional Fund Advisors LP (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 fixed income securities in which the Portfolio invests are 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 generally invests with an emphasis on debt securities rated A+ to BBB- by S&P or Fitch or A1 to Baa3 by Moody’s. The Portfolio will increase or decrease investment exposure to lower-rated investment grade securities (i.e., those rated A+ to BBB- by S&P or Fitch or A1

to Baa3 by Moody’s) depending on the expected credit premium. 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 Short-Duration Real Return Portfolio may invest in inflation protected securities, obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, 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 Advisor expects that the Portfolio will primarily invest in the obligations of issuers that are in developed countries. 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 Short-Duration Real Return Portfolio may enter into swaps, such as inflation swaps, to seek inflation protection. 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 also 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 based on actual or expected cash inflows to or outflows from the Portfolio. The Portfolio may use 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 Short-Duration Real Return Portfolio may lend its portfolio securities to generate additional income.

Read More

DFAIX - Performance

Return Ranking - Trailing

Period DFAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% 2.9% 16.1% 46.20%
1 Yr 7.0% 4.7% 25.9% 88.78%
3 Yr 2.8%* -5.0% 4.5% 6.19%
5 Yr 3.4%* -3.5% 5.1% 4.30%
10 Yr 2.5%* -18.9% 170.5% 9.97%

* Annualized

Return Ranking - Calendar

Period DFAIX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -1.6% 7.6% 50.76%
2022 -4.4% -17.7% -2.6% 1.75%
2021 4.4% -4.0% 4.4% 0.20%
2020 1.9% -7.1% 7.6% 44.69%
2019 3.0% -2.3% 9.3% 18.99%

Total Return Ranking - Trailing

Period DFAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% 2.9% 16.1% 46.20%
1 Yr 7.0% 4.7% 25.9% 88.78%
3 Yr 2.8%* -5.0% 4.5% 6.19%
5 Yr 3.4%* -3.5% 5.1% 4.30%
10 Yr 2.5%* -18.9% 170.5% 9.97%

* Annualized

Total Return Ranking - Calendar

Period DFAIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% 1.8% 15.2% 50.00%
2022 -2.8% -17.3% -1.3% 4.47%
2021 5.4% -2.7% 7.7% 1.20%
2020 2.8% -2.4% 14.5% 91.43%
2019 5.6% 0.6% 12.6% 22.78%

NAV & Total Return History


DFAIX - Holdings

Concentration Analysis

DFAIX Category Low Category High DFAIX % Rank
Net Assets 1.92 B 14.5 K 57.3 B 40.87%
Number of Holdings 544 2 8314 41.83%
Net Assets in Top 10 282 M 1.02 M 7.47 B 48.29%
Weighting of Top 10 14.75% 1.9% 112.6% 77.57%

Top 10 Holdings

  1. U.S. Treasury Floating Rate Notes 3.08%
  2. U.S. Treasury Floating Rate Notes 1.72%
  3. U.S. Treasury Floating Rate Notes 1.67%
  4. JPMorgan Chase Bank NA 1.44%
  5. DFA Investment Trust Co. 1.31%
  6. DFA Short Term Investment Fund 1.30%
  7. International Finance Corp. 1.24%
  8. Inter-American Development Bank 1.04%
  9. International Bank for Reconstruction Development 1.03%
  10. Utah Acquisition Sub, Inc. 0.92%

Asset Allocation

Weighting Return Low Return High DFAIX % Rank
Bonds
84.18% 0.00% 131.20% 61.03%
Cash
12.92% -20.59% 71.38% 6.46%
Convertible Bonds
3.87% 0.00% 27.71% 30.67%
Other
2.09% -0.97% 71.57% 65.78%
Stocks
1.31% 0.00% 99.91% 15.40%
Preferred Stocks
0.00% 0.00% 24.12% 22.62%

Stock Sector Breakdown

Weighting Return Low Return High DFAIX % Rank
Utilities
0.00% 0.00% 81.48% N/A
Technology
0.00% 0.00% 24.45% N/A
Real Estate
0.00% 0.00% 8.31% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 23.11% N/A
Financial Services
0.00% 0.00% 100.00% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 65.64% N/A
Consumer Defense
0.00% 0.00% 21.37% N/A
Consumer Cyclical
0.00% 0.00% 10.75% N/A
Basic Materials
0.00% 0.00% 22.71% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DFAIX % Rank
US
1.31% 0.00% 99.91% 14.83%
Non US
0.00% 0.00% 2.07% 3.42%

Bond Sector Breakdown

Weighting Return Low Return High DFAIX % Rank
Government
56.08% 0.00% 73.63% 7.05%
Corporate
26.72% 0.00% 99.82% 71.24%
Cash & Equivalents
12.92% 0.00% 71.38% 6.46%
Derivative
2.09% -0.44% 27.90% 3.99%
Securitized
0.00% 0.00% 97.27% 94.67%
Municipal
0.00% 0.00% 14.41% 55.24%

Bond Geographic Breakdown

Weighting Return Low Return High DFAIX % Rank
US
71.48% 0.00% 131.20% 80.23%
Non US
12.70% 0.00% 82.20% 1.52%

DFAIX - Expenses

Operational Fees

DFAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.22% 0.01% 3.24% 92.75%
Management Fee 0.18% 0.00% 1.19% 13.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% 1.16%

Sales Fees

DFAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

DFAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

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.

DFAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 72.00% 2.00% 500.00% 45.71%

DFAIX - Distributions

Dividend Yield Analysis

DFAIX Category Low Category High DFAIX % Rank
Dividend Yield 3.49% 0.00% 11.11% 60.84%

Dividend Distribution Analysis

DFAIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Monthly

Net Income Ratio Analysis

DFAIX Category Low Category High DFAIX % Rank
Net Income Ratio 1.17% -1.27% 4.98% 48.74%

Capital Gain Distribution Analysis

DFAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

DFAIX - Fund Manager Analysis

Managers

David Plecha


Start Date

Tenure

Tenure Rank

Nov 05, 2013

8.57

8.6%

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.

Joseph Kolerich


Start Date

Tenure

Tenure Rank

Nov 05, 2013

8.57

8.6%

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.

Lovell Shao


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.19 2.41