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DFA International Real Estate Securities Portfolio

mutual fund
DFITX
Payout Change
Pending
Price as of:
$3.98 -0.02 -0.5%
primary theme
International Real Estate
share class
DFITX (Mutual Fund)

DFA International Real Estate Securities Portfolio

Payout Change
Pending
Price as of:
$3.98 -0.02 -0.5%
primary theme
International Real Estate
share class
DFITX (Mutual Fund)

DFA International Real Estate Securities Portfolio

Payout Change
Pending
Price as of:
$3.98 -0.02 -0.5%
primary theme
International Real Estate
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

$3.98

$3.42 B

4.67%

$0.19

0.27%

Vitals

YTD Return

6.7%

1 yr return

24.1%

3 Yr Avg Return

-2.3%

5 Yr Avg Return

-1.1%

Net Assets

$3.42 B

Holdings in Top 10

29.2%

52 WEEK LOW AND HIGH

$4.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.27%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 8.00%

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

$3.98

$3.42 B

4.67%

$0.19

0.27%

DFITX - Profile

Distributions

  • YTD Total Return 6.7%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.29%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    DFA International Real Estate Securities Portfolio
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    May 03, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jed Fogdall

Fund Description

To achieve the DFA International Real Estate Securities Portfolio’s investment objective, Dimensional Fund Advisors LP (the “Advisor”) implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions.

The Portfolio, using a market capitalization weighted approach, purchases a broad and diverse set of securities of non-U.S. companies principally engaged in the real estate industry, including developed and emerging markets, with a particular focus on non-U.S. real estate investment trusts (“REITs”) and companies the Advisor considers to be REIT-like entities. The Portfolio invests in companies of all sizes. 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 than companies with relatively

lower market capitalizations. The Advisor may adjust the representation in the Portfolio 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.

The DFA International Real Estate Securities Portfolio considers a company to be principally engaged in the real estate industry if the company’s principal activities include ownership, management, development, construction, or sale of residential, commercial or industrial real estate. 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 DFA International Real Estate Securities Portfolio intends to purchase securities of companies associated with developed and emerging markets countries that the Advisor has designated as approved markets for investment. As a non-fundamental policy, under normal circumstances, at least 80% of the Portfolio’s net assets will be invested 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. The Portfolio generally considers 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. The Portfolio also may invest in stapled securities, where one or more of the underlying securities represents interests in a company or subsidiary in the real estate industry.

The DFA International Real Estate Securities Portfolio may gain exposure to companies associated with approved markets by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer’s domicile country. The Portfolio 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. Because many of the Portfolio’s investments may be denominated in foreign currencies, the Portfolio 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 International Real Estate Securities Portfolio may lend its portfolio securities to generate additional income.

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DFITX - Performance

Return Ranking - Trailing

Period DFITX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -5.4% 19.6% 78.02%
1 Yr 24.1% -10.3% 41.7% 81.32%
3 Yr -2.3%* -12.6% 21.6% 88.00%
5 Yr -1.1%* -9.2% 18.8% 95.32%
10 Yr 2.1%* -1.5% 12.0% 92.17%

* Annualized

Return Ranking - Calendar

Period DFITX Return Category Return Low Category Return High Rank in Category (%)
2023 0.5% -16.8% 16.7% 95.56%
2022 -21.7% -43.9% 4.5% 4.57%
2021 4.4% -13.9% 30.7% 91.81%
2020 -9.0% -20.7% 13.7% 71.93%
2019 9.2% 1.0% 26.5% 85.88%

Total Return Ranking - Trailing

Period DFITX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.7% -5.4% 19.6% 78.02%
1 Yr 24.1% -10.3% 41.7% 81.32%
3 Yr -2.3%* -12.6% 21.6% 88.00%
5 Yr -1.1%* -9.2% 18.8% 95.32%
10 Yr 2.1%* -1.5% 12.0% 92.17%

* Annualized

Total Return Ranking - Calendar

Period DFITX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -14.6% 23.4% 88.89%
2022 -21.7% -39.5% 10.1% 8.00%
2021 12.9% 5.7% 101.8% 90.06%
2020 -9.0% -17.8% 14.7% 85.96%
2019 23.5% 4.3% 37.2% 54.71%

NAV & Total Return History


DFITX - Holdings

Concentration Analysis

DFITX Category Low Category High DFITX % Rank
Net Assets 3.42 B 4.27 M 7.48 B 3.35%
Number of Holdings 339 5 691 5.49%
Net Assets in Top 10 1 B 1.9 M 4.55 B 3.85%
Weighting of Top 10 29.24% 19.5% 64.5% 95.03%

Top 10 Holdings

  1. Goodman Group 8.99%
  2. Segro PLC 3.51%
  3. Scentre Group 2.69%
  4. Link REIT 2.45%
  5. DFA Investment Trust Co. 2.43%
  6. DFA Short Term Investment Fund 2.38%
  7. CapitaLand Integrated Commercial Trust 1.87%
  8. CapitaLand Ascendas REIT 1.70%
  9. Stockland 1.64%
  10. Unibail-Rodamco-Westfield 1.57%

Asset Allocation

Weighting Return Low Return High DFITX % Rank
Stocks
100.68% 3.01% 126.54% 2.75%
Cash
2.38% 0.00% 11.23% 31.87%
Other
0.01% -33.49% 99.87% 28.02%
Preferred Stocks
0.00% 0.00% 7.41% 87.36%
Convertible Bonds
0.00% 0.00% 0.07% 83.43%
Bonds
0.00% 0.00% 23.39% 86.26%

Stock Sector Breakdown

Weighting Return Low Return High DFITX % Rank
Real Estate
99.93% 72.53% 100.00% 12.43%
Financial Services
0.07% 0.00% 9.53% 17.51%
Utilities
0.00% 0.00% 0.96% 86.44%
Technology
0.00% 0.00% 4.92% 90.40%
Industrials
0.00% 0.00% 4.91% 90.40%
Healthcare
0.00% 0.00% 1.54% 85.88%
Energy
0.00% 0.00% 0.11% 85.31%
Communication Services
0.00% 0.00% 10.08% 90.96%
Consumer Defense
0.00% 0.00% 0.18% 87.01%
Consumer Cyclical
0.00% 0.00% 13.03% 97.18%
Basic Materials
0.00% 0.00% 1.63% 86.44%

Stock Geographic Breakdown

Weighting Return Low Return High DFITX % Rank
Non US
98.06% 0.00% 98.87% 3.85%
US
2.61% 0.00% 102.76% 92.86%

DFITX - Expenses

Operational Fees

DFITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.27% 0.10% 36.96% 96.15%
Management Fee 0.24% 0.09% 1.50% 4.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.25% 4.95%

Sales Fees

DFITX 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

DFITX 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.

DFITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 1.00% 165.00% 4.55%

DFITX - Distributions

Dividend Yield Analysis

DFITX Category Low Category High DFITX % Rank
Dividend Yield 4.67% 0.00% 5.52% 1.65%

Dividend Distribution Analysis

DFITX Category Low Category High Category Mod
Dividend Distribution Frequency Annual SemiAnnual Quarterly Quarterly

Net Income Ratio Analysis

DFITX Category Low Category High DFITX % Rank
Net Income Ratio 3.29% -0.23% 3.84% 3.37%

Capital Gain Distribution Analysis

DFITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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DFITX - 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.

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.

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.

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.

Tenure Analysis

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