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DFA Global Real Estate Securities Portfolio

mutual fund
DFGEX
Payout Change
Pending
Price as of:
$11.17 -0.06 -0.53%
primary theme
International Real Estate
share class
DFGEX (Mutual Fund)

DFA Global Real Estate Securities Portfolio

Payout Change
Pending
Price as of:
$11.17 -0.06 -0.53%
primary theme
International Real Estate
share class
DFGEX (Mutual Fund)

DFA Global Real Estate Securities Portfolio

Payout Change
Pending
Price as of:
$11.17 -0.06 -0.53%
primary theme
International Real Estate
share class

Name

As of 10/10/2024

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

$11.17

$7.48 B

3.07%

$0.34

0.31%

Vitals

YTD Return

8.8%

1 yr return

27.5%

3 Yr Avg Return

0.0%

5 Yr Avg Return

2.3%

Net Assets

$7.48 B

Holdings in Top 10

60.8%

52 WEEK LOW AND HIGH

$11.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.31%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 1.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/10/2024

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

$11.17

$7.48 B

3.07%

$0.34

0.31%

DFGEX - Profile

Distributions

  • YTD Total Return 8.8%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.33%
DIVIDENDS
  • Dividend Yield 3.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    DFA Global Real Estate Securities Portfolio
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Jul 31, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jed Fogdall

Fund Description

To achieve the DFA Global Real Estate Securities Portfolio’s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. The Portfolio seeks to achieve exposure to a broad portfolio of securities of U.S. and non-U.S. companies in the real estate industry, with a focus on real estate investment trusts (“REITs”) or companies that the Advisor considers to be REIT-like entities. The Portfolio invests in companies of all sizes. The Portfolio may pursue its investment objective by investing its assets in the DFA Real Estate Securities Portfolio, DFA International Real Estate Securities Portfolio (the “Underlying Funds”), and/or directly in securities of companies in the real estate industry. Periodically, the Advisor will review the allocations for the Portfolio in each Underlying Fund and may adjust allocations to the Underlying Funds or may add or remove Underlying Funds in the Portfolio without notice to shareholders. The Portfolio and Underlying Funds generally consider a company to be principally engaged in the real estate industry if the company (i) derives at least 50% of its revenue or profits from the ownership, management, development, construction, or sale of residential, commercial, industrial, or other real estate; (ii) has at least 50% of the value of its assets invested in residential, commercial, industrial, or other real estate; or (iii) is organized as a REIT or REIT-like entity. REITs and REIT-like entities are types of real estate companies that pool investors’ funds for investment primarily in income producing real estate or real estate related loans or interests. The Portfolio and each Underlying Fund invest in companies principally engaged in the real estate industry in its designated market using a market capitalization weighted approach. A company’s market capitalization is the number of its shares outstanding times its price per share. Under a market capitalization weighted approach, companies with higher market capitalizations generally represent a larger proportion of the Portfolio and each Underlying Fund than companies with relatively lower market capitalizations. The Advisor may adjust the representation in the Portfolio or the Underlying Funds of an eligible company, or exclude a company, after considering such factors as free float, price momentum, short-run reversals, trading strategies, liquidity, size, relative price, profitability, and other factors that the Advisor determines to be appropriate. An equity issuer is considered to have a low relative price (i.e., a value stock) primarily because it has a low price in relation to its book value. In assessing relative price, the Advisor may consider additional factors such as price to cash flow or price to earnings ratios. An equity issuer is considered to have high profitability because it has high earnings or profits from operations in relation to its book value or assets. The criteria the Advisor uses for assessing relative price and profitability are subject to change from time to time. The Advisor also may limit or fix the Portfolio’s exposure to a particular country or issuer.

As a non-fundamental policy, under normal circumstances, at least 80% of the DFA Global Real Estate Securities Portfolio’s net assets will be invested directly, or indirectly through its investment in the Underlying Funds, in securities of companies in the real estate industry. The Portfolio concentrates (i.e., invests more than 25% of its net assets) its investments in securities of companies in the real estate industry. In addition to, or in place of, investments in the Underlying Funds, the Portfolio also is permitted to invest directly in the same types of securities of companies in the real estate industry that are eligible investments for the Underlying Funds. The Portfolio and each Underlying Fund intend to purchase securities of companies associated with countries that the Advisor has identified as approved markets for investment for the Portfolio or Underlying Fund. The Portfolio, directly or indirectly through its investment in the Underlying Funds, intends to invest its assets to gain exposure to at least three different countries, including the United States. The Advisor will generally seek to set country weights based on the relative market capitalizations of eligible companies within each approved market of the Underlying Funds. As of the date of the Prospectus, the Portfolio, directly or indirectly through its investment in the Underlying Funds, invests approximately 74% of its net assets in U.S. companies. This percentage will change due to market conditions. The DFA Global Real Estate Securities Portfolio and each Underlying Fund may purchase or sell futures contracts and options on futures contracts for equity securities and indices to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio or Underlying Fund. Because many of the Portfolio’s and an Underlying Fund’s investments may be denominated in foreign currencies, the Portfolio and Underlying Fund may enter into foreign currency exchange transactions, including foreign currency forward contracts, in connection with the settlement of foreign securities or to transfer cash balances from one currency to another currency.

The DFA Global Real Estate Securities Portfolio and the Underlying Funds may lend their portfolio securities to generate additional income.

A summary of the investment strategies and policies of the Underlying Funds in which the DFA Global Real Estate Securities Portfolio invests as of the date of this Prospectus (other than the Underlying Funds that are included elsewhere in the Portfolio’s Prospectus) is described in the Portfolio’s Prospectus in the section entitled “ADDITIONAL INFORMATION ON INVESTMENT OBJECTIVES AND POLICIES”.

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DFGEX - Performance

Return Ranking - Trailing

Period DFGEX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -5.5% 21.5% 29.67%
1 Yr 27.5% -10.4% 31.7% 8.24%
3 Yr 0.0%* -14.0% 20.3% 12.00%
5 Yr 2.3%* -9.8% 17.3% 35.67%
10 Yr 5.5%* -1.6% 11.7% 19.13%

* Annualized

Return Ranking - Calendar

Period DFGEX Return Category Return Low Category Return High Rank in Category (%)
2023 5.8% -16.8% 16.7% 76.67%
2022 -27.8% -43.9% 4.5% 46.29%
2021 25.1% -13.9% 30.7% 17.54%
2020 -8.8% -20.7% 13.7% 70.76%
2019 17.9% 1.0% 26.5% 32.94%

Total Return Ranking - Trailing

Period DFGEX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% -5.5% 21.5% 29.67%
1 Yr 27.5% -10.4% 31.7% 8.24%
3 Yr 0.0%* -14.0% 20.3% 12.00%
5 Yr 2.3%* -9.8% 17.3% 35.67%
10 Yr 5.5%* -1.6% 11.7% 19.13%

* Annualized

Total Return Ranking - Calendar

Period DFGEX Return Category Return Low Category Return High Rank in Category (%)
2023 9.4% -14.6% 23.4% 72.22%
2022 -23.8% -39.5% 10.1% 15.43%
2021 31.0% 5.7% 101.8% 12.28%
2020 -6.7% -17.8% 14.7% 76.61%
2019 26.4% 4.3% 37.2% 29.41%

NAV & Total Return History


DFGEX - Holdings

Concentration Analysis

DFGEX Category Low Category High DFGEX % Rank
Net Assets 7.48 B 4.27 M 7.48 B 0.56%
Number of Holdings 137 5 691 8.79%
Net Assets in Top 10 4.55 B 1.9 M 4.55 B 0.55%
Weighting of Top 10 60.77% 19.5% 64.5% 1.66%

Top 10 Holdings

  1. DFA International Real Estate Securities 25.09%
  2. Prologis, Inc. 6.91%
  3. American Tower Corp. 5.69%
  4. Equinix, Inc. 4.20%
  5. DFA Short Term Investment Fund 3.72%
  6. DFA Investment Trust Co. 3.65%
  7. Welltower, Inc. 3.43%
  8. Simon Property Group, Inc. 2.77%
  9. Digital Realty Trust, Inc. 2.70%
  10. Realty Income Corp. 2.61%

Asset Allocation

Weighting Return Low Return High DFGEX % Rank
Stocks
102.76% 3.01% 126.54% 1.10%
Cash
3.72% 0.00% 11.23% 17.58%
Other
0.00% -33.49% 99.87% 31.32%
Preferred Stocks
0.00% 0.00% 7.41% 36.26%
Convertible Bonds
0.00% 0.00% 0.07% 29.28%
Bonds
0.00% 0.00% 23.39% 33.52%

Stock Sector Breakdown

Weighting Return Low Return High DFGEX % Rank
Real Estate
99.98% 72.53% 100.00% 10.17%
Financial Services
0.02% 0.00% 9.53% 18.64%
Utilities
0.00% 0.00% 0.96% 32.77%
Technology
0.00% 0.00% 4.92% 59.89%
Industrials
0.00% 0.00% 4.91% 42.94%
Healthcare
0.00% 0.00% 1.54% 36.72%
Energy
0.00% 0.00% 0.11% 29.38%
Communication Services
0.00% 0.00% 10.08% 68.36%
Consumer Defense
0.00% 0.00% 0.18% 31.07%
Consumer Cyclical
0.00% 0.00% 13.03% 77.97%
Basic Materials
0.00% 0.00% 1.63% 33.90%

Stock Geographic Breakdown

Weighting Return Low Return High DFGEX % Rank
US
102.76% 0.00% 102.76% 0.55%
Non US
0.00% 0.00% 98.87% 97.25%

DFGEX - Expenses

Operational Fees

DFGEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.31% 0.10% 36.96% 95.60%
Management Fee 0.19% 0.09% 1.50% 4.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% 3.96%

Sales Fees

DFGEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DFGEX 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.

DFGEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 1.00% 1.00% 165.00% 0.57%

DFGEX - Distributions

Dividend Yield Analysis

DFGEX Category Low Category High DFGEX % Rank
Dividend Yield 3.07% 0.00% 5.52% 10.99%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DFGEX Category Low Category High DFGEX % Rank
Net Income Ratio 1.33% -0.23% 3.84% 51.12%

Capital Gain Distribution Analysis

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

Distributions History

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DFGEX - Fund Manager Analysis

Managers

Jed Fogdall


Start Date

Tenure

Tenure Rank

Feb 28, 2010

12.26

12.3%

Jed S. Fogdall is a Co-Head of Portfolio Management and Vice President of Dimensional and a member of Dimensional’s Investment Committee. Mr. Fogdall has an MBA from the University of California, Los Angeles and a BS from Purdue University. Mr. Fogdall joined Dimensional as a Portfolio Manager in 2004 and has been responsible for international portfolios since 2010 and domestic portfolios since 2012.

Bhanu Singh


Start Date

Tenure

Tenure Rank

Jul 21, 2015

6.87

6.9%

Bhanu P. Singh is Vice President and a Senior Portfolio Manager of the Sub-Adviser. Mr. Singh joined Dimensional originally in 2003 and has been a portfolio manager since 2012. Mr. Singh has an M.B.A. from the University of Chicago Booth School of Business and a B.A. from the University of California, Los Angeles.

Allen Pu


Start Date

Tenure

Tenure Rank

Jul 21, 2015

6.87

6.9%

Allen Pu is Deputy Head of Portfolio Management, North America, a member of the Investment Commit- tee, Vice President and a Senior Portfolio Manager of the Sub-Adviser. Mr. Pu joined Dimensional as a Portfolio Manager in 2006. Mr. Pu has an M.B.A. from the University of California, Los Angeles, an M.S. and Ph.D. from Caltech, and a B.S. from Cooper Union for the Advancement of Science and Art.

Mary Phillips


Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

Mary T. Phillips, CFA, Deputy Head of Portfolio Management, North America, Senior Portfolio Manager and Vice President of Dimensional, joined Dimensional in 2012 and has been a portfolio manager since 2014. Ms. Phillips began managing Dimensional’s allocated portion of the Fund’s portfolio in March 2018. Ms. Phillips earned an MBA with concentration in analytic finance, statistics and econometrics, and managerial and organizational behavior from the University of Chicago and a BA from the University of Puget Sound.

William Collins-Dean


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Will Collins-Dean is a Portfolio Manager and Vice President of the Sub-Adviser. Mr. Collins-Dean received his MBA from the University of Chicago and is bachelor’s degree from Wake Forest University. Mr. Collins-Dean joined the Sub-Adviser in 2014 and has been a portfolio manager since 2016.

Ashish Bhagwanjee


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Mr. Bhagwanjee is a Vice President and Senior Portfolio Manager of the Dimensional Fund Advisors LP. Mr. Bhagwanjee holds an MBA from the University of Chicago and a BS from Purdue University. Mr. Bhagwanjee joined the Dimensional in 2014, has been a portfolio manager since 2017.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 20.42 7.11 10.42