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Trending ETFs

ENHANCED U.S. LARGE COMPANY PORTFOLIO

mutual fund
DFELX
Payout Change
Pending
Price as of:
$15.05 +0.09 +0.6%
primary theme
U.S. Large-Cap Blend Equity
share class
DFELX (Mutual Fund)

ENHANCED U.S. LARGE COMPANY PORTFOLIO

Payout Change
Pending
Price as of:
$15.05 +0.09 +0.6%
primary theme
U.S. Large-Cap Blend Equity
share class
DFELX (Mutual Fund)

ENHANCED U.S. LARGE COMPANY PORTFOLIO

Payout Change
Pending
Price as of:
$15.05 +0.09 +0.6%
primary theme
U.S. Large-Cap Blend Equity
share class

Name

As of 10/11/2024

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

$15.05

$203 M

4.19%

$0.63

0.19%

Vitals

YTD Return

23.1%

1 yr return

36.9%

3 Yr Avg Return

9.6%

5 Yr Avg Return

14.8%

Net Assets

$203 M

Holdings in Top 10

37.4%

52 WEEK LOW AND HIGH

$15.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.19%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 70.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/11/2024

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

$15.05

$203 M

4.19%

$0.63

0.19%

DFELX - Profile

Distributions

  • YTD Total Return 23.1%
  • 3 Yr Annualized Total Return 9.6%
  • 5 Yr Annualized Total Return 14.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.59%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    ENHANCED U.S. LARGE COMPANY PORTFOLIO
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Nov 21, 1996
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Plecha

Fund Description

The Enhanced U.S. Large Company Portfolio seeks to outperform the S&P 500® Index primarily through investment in S&P 500® Index futures and short-term fixed income obligations. The Portfolio may invest in all of the stocks represented in the S&P 500® Index, options on stock indices, stock index futures, options on stock index futures, swap agreements on stock indices and shares of investment companies, such as exchange-traded funds (ETFs) that invest in stocks represented in the S&P 500® Index or other similar stock indices. The Portfolio invests in fixed income obligations, which may include securities of foreign issuers. The Portfolio may, from time to time, also invest in options on stock indices, stock index futures, options on stock index futures and swap agreements based on indices other than, but similar to, the S&P 500® Index (such instruments whether or not based on the S&P 500® Index are hereinafter collectively referred to as “Index Derivatives”). The S&P 500® Index comprises a broad and diverse group of stocks. Generally, these are the U.S. stocks with the largest market capitalizations and, as a group, they generally represent approximately 80% of the total market capitalization of all publicly traded U.S. stocks. The Advisor considers stocks that comprise the S&P 500® Index to be those of large companies. Under normal circumstances, the Portfolio will invest at least 80% of its net assets in short-term fixed income obligations that are overlaid by futures, swaps and other derivatives of the S&P 500® Index to create exposure to the performance of large U.S. companies or in securities of large U.S. companies directly. Alternatively, the Portfolio may invest at least 80% of its net assets directly in securities of large companies.

The Enhanced U.S. Large Company Portfolio may invest all of its assets in Index Derivatives. Certain of these Index Derivatives may be considered speculative and may subject the Portfolio to additional risks. Assets of the Portfolio not invested in the S&P 500® Index or Index Derivatives may be invested in short-term fixed income obligations including: U.S. government obligations, U.S. government agency obligations, corporate debt obligations, bank obligations, commercial paper, repurchase agreements, money market funds, foreign government and agency obligations, supranational organization obligations, foreign issuer obligations and eurodollar obligations. The Portfolio’s investment in fixed income obligations will be 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 fixed income obligations purchased by the Portfolio will typically mature within three years or less from the date of settlement and the weighted average maturity of the fixed income obligations will be two years or less.

The Enhanced U.S. Large Company Portfolio may use foreign currency forward contracts to hedge foreign currency risks or to transfer balances from one currency to another. The Portfolio uses index swap agreements and/or stock index futures to hedge against changes in securities prices. The Portfolio may purchase or sell futures contracts and options on futures contracts to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio. Additionally, the Portfolio uses index swap agreements and stock index futures to attempt to achieve its investment objectives.

The Enhanced U.S. Large Company Portfolio may lend its portfolio securities to generate additional income.

About the S&P 500® Index: The Standard & Poor’s 500 Composite Stock Price Index® is market capitalization weighted (adjusted for free float). Its performance is usually cyclical because it reflects periods when stock prices generally rise or fall. For information concerning S&P Global Ratings, a division of The McGraw Hill Companies (“S&P”), and disclaimers of S&P with respect to the Enhanced U.S. Large Company Portfolio, see “Standard & Poor’s—Information and Disclaimers.”

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DFELX - Performance

Return Ranking - Trailing

Period DFELX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.1% -59.4% 39.1% 35.41%
1 Yr 36.9% -54.9% 57.0% 27.03%
3 Yr 9.6%* -23.6% 17.2% 59.47%
5 Yr 14.8%* -7.7% 111.4% 53.11%
10 Yr 13.3%* 0.6% 53.3% 29.65%

* Annualized

Return Ranking - Calendar

Period DFELX Return Category Return Low Category Return High Rank in Category (%)
2023 22.7% -42.6% 47.4% 28.51%
2022 -23.7% -56.3% -4.2% 69.66%
2021 -11.7% -27.2% 537.8% 98.50%
2020 10.0% -22.5% 2181.7% 59.88%
2019 20.5% -13.5% 40.4% 66.33%

Total Return Ranking - Trailing

Period DFELX Return Category Return Low Category Return High Rank in Category (%)
YTD 23.1% -59.4% 39.1% 35.41%
1 Yr 36.9% -54.9% 57.0% 27.03%
3 Yr 9.6%* -23.6% 17.2% 59.47%
5 Yr 14.8%* -7.7% 111.4% 53.11%
10 Yr 13.3%* 0.6% 53.3% 29.65%

* Annualized

Total Return Ranking - Calendar

Period DFELX Return Category Return Low Category Return High Rank in Category (%)
2023 26.5% -5.0% 47.4% 20.15%
2022 -22.4% -36.8% -2.2% 92.97%
2021 27.5% 3.0% 537.8% 40.78%
2020 18.5% -15.8% 2266.0% 35.12%
2019 32.8% -0.4% 241.3% 11.31%

NAV & Total Return History


DFELX - Holdings

Concentration Analysis

DFELX Category Low Category High DFELX % Rank
Net Assets 203 M 2.34 M 1.55 T 81.62%
Number of Holdings 125 2 4002 44.62%
Net Assets in Top 10 82.6 M 979 K 517 B 80.89%
Weighting of Top 10 37.40% 0.3% 112.9% 47.97%

Top 10 Holdings

  1. U.S. Treasury Floating Rate Notes 8.38%
  2. U.S. Treasury Floating Rate Notes 8.16%
  3. Future 4.48%
  4. U.S. Treasury Floating Rate Notes 3.62%
  5. U.K. Treasury Bills 2.90%
  6. Landeskreditbank Baden-Wuerttemberg Foerderbank 2.25%
  7. U.S. Treasury Floating Rate Notes 2.22%
  8. Canada Government Bonds 1.96%
  9. Westpac Banking Corp. 1.78%
  10. Simon Property Group LP 1.65%

Asset Allocation

Weighting Return Low Return High DFELX % Rank
Bonds
89.29% 0.00% 94.06% 0.24%
Cash
7.64% 0.00% 99.07% 3.00%
Convertible Bonds
5.54% 0.00% 5.54% 0.08%
Other
4.48% -13.91% 100.00% 3.00%
Stocks
0.90% 0.00% 105.85% 99.43%
Preferred Stocks
0.00% 0.00% 2.53% 54.90%

Stock Sector Breakdown

Weighting Return Low Return High DFELX % Rank
Technology
25.58% 0.00% 48.94% 27.70%
Healthcare
13.70% 0.00% 52.29% 71.15%
Financial Services
13.22% 0.00% 55.59% 60.76%
Consumer Cyclical
11.84% 0.00% 30.33% 21.76%
Communication Services
9.36% 0.00% 27.94% 26.71%
Industrials
8.15% 0.00% 29.90% 76.09%
Consumer Defense
6.51% 0.00% 47.71% 60.68%
Energy
3.87% 0.00% 41.64% 58.62%
Utilities
2.74% 0.00% 20.91% 48.31%
Real Estate
2.72% 0.00% 31.91% 52.84%
Basic Materials
2.31% 0.00% 25.70% 69.33%

Stock Geographic Breakdown

Weighting Return Low Return High DFELX % Rank
US
0.90% 0.00% 105.85% 99.43%
Non US
0.00% 0.00% 64.54% 62.11%

Bond Sector Breakdown

Weighting Return Low Return High DFELX % Rank
Government
50.62% 0.00% 100.00% 1.10%
Corporate
45.61% 0.00% 100.00% 1.10%
Cash & Equivalents
7.64% 0.00% 100.00% 5.60%
Derivative
4.48% -1.75% 26.55% 2.68%
Securitized
0.00% 0.00% 52.16% 51.74%
Municipal
0.00% 0.00% 2.10% 51.32%

Bond Geographic Breakdown

Weighting Return Low Return High DFELX % Rank
US
77.23% 0.00% 94.06% 0.49%
Non US
12.06% 0.00% 14.23% 0.97%

DFELX - Expenses

Operational Fees

DFELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.19% 0.01% 19.75% 89.32%
Management Fee 0.12% 0.00% 1.90% 13.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% 97.82%

Sales Fees

DFELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DFELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

DFELX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 0.00% 268.00% 86.30%

DFELX - Distributions

Dividend Yield Analysis

DFELX Category Low Category High DFELX % Rank
Dividend Yield 4.19% 0.00% 25.47% 30.28%

Dividend Distribution Analysis

DFELX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

DFELX Category Low Category High DFELX % Rank
Net Income Ratio 0.59% -54.00% 2.44% 55.83%

Capital Gain Distribution Analysis

DFELX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

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DFELX - Fund Manager Analysis

Managers

David Plecha


Start Date

Tenure

Tenure Rank

Jul 02, 1996

25.93

25.9%

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

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.

Alexander Fridman


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Mr. Fridman is a Vice President and Portfolio Manager of the Dimensional Fund Advisors LP. Mr. Fridman holds an MBA from the University of Cambridge, a doctorate from Saint Petersburg State Polytechnical University, two MS degrees from the University of Southern California, and a BS from the University of California-Los Angeles. Mr. Fridman joined the Dimensional and has been a portfolio manager since 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.24 2.42