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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 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
18.9%
1 yr return
33.6%
3 Yr Avg Return
9.2%
5 Yr Avg Return
15.1%
Net Assets
$1.9 B
Holdings in Top 10
29.0%
Expense Ratio 0.22%
Front Load N/A
Deferred Load N/A
Turnover 16.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
To achieve the U.S. Social Core Equity 2 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. As further described below, the Portfolio’s design emphasizes long-term drivers of expected returns identified by the Advisor’s research, while balancing risk through broad diversification across companies and sectors. The Advisor’s portfolio management and trading processes further balance those long-term drivers of expected returns with shorter-term drivers of expected returns and trading costs.
The U.S. Social Core Equity 2 Portfolio is designed to purchase a broad and diverse group of equity securities of U.S. companies. The Portfolio invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the U.S. Universe,
while excluding companies based on the Portfolio’s social issue screens. The Advisor generally defines the U.S. Universe as a market capitalization weighted set (e.g., the larger the company, the greater the proportion of the U.S. Universe it represents) of U.S. operating companies listed on a securities exchange in the United States that is deemed appropriate by the Advisor. The Portfolio’s increased exposure to smaller capitalization, lower relative price, and higher profitability companies may be achieved by decreasing the allocation of the Portfolio’s assets to larger capitalization, higher relative price, or lower profitability companies relative to their weight in the U.S. Universe. An equity issuer is considered to have a high relative price (i.e., a growth stock) primarily because it has a high price in relation to its book value. 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.
As a non-fundamental policy, under normal circumstances, the U.S. Social Core Equity 2 Portfolio will invest at least 80% of its net assets in equity securities of U.S. companies. The percentage allocation of the assets of the Portfolio to securities of the largest U.S. high relative price companies as defined above will generally be reduced from between 5% and 35% of their percentage weight in the U.S. Universe. For example, as of December 31, 2023, securities of the largest U.S. high relative price companies comprised 49% of the U.S. Universe and the Advisor allocated approximately 35% of the Portfolio to securities of the largest U.S. high relative price companies. The percentage by which the Portfolio’s allocation to securities of the largest U.S. high relative price companies is reduced will change due to market movements.
The Advisor may also increase or reduce the U.S. Social Core Equity 2 Portfolio’s exposure to an eligible company, or exclude a company, based on shorter-term considerations, such as a company’s price momentum, short-run reversals, and investment characteristics. In assessing a company’s investment characteristics, the Advisor considers ratios such as recent changes in assets divided by total assets. The criteria the Advisor uses for assessing a company’s investment characteristics are subject to change from time to time. In addition, the Advisor seeks to reduce trading costs using a flexible trading approach that looks for opportunities to participate in the available market liquidity, while managing turnover and explicit transaction costs.
The U.S. Social Core Equity 2 Portfolio also may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio. The above-referenced investments are not subject to, though they may incorporate, the Portfolio’s social criteria.
The U.S. Social Core Equity 2 Portfolio may lend its portfolio securities to generate additional income.
The U.S. Social Core Equity 2 Portfolio seeks to purchase securities that are consistent with the Portfolio’s social issue screens, which are monitored by, or based upon information from, an independent third party. The Portfolio seeks to exclude from its investment portfolio those companies that are identified by the Portfolio’s social issue screens, as further discussed below. The Portfolio’s social issue screens are designed to identify companies that: (1) earn at least 10% of their total annual revenue through the production and/or sale of conventional or nuclear weapons, their weapon systems, or critical components of these products, or the provision of weapon systems support and service; (2) have demonstrated complicity in genocide in Sudan, for example, by having ties to the Sudanese military or government, selling or distributing military equipment to a party based in Sudan or operating within Sudan borders, or generating 10% or more of its total assets or revenues in Sudan from the oil, mineral or power sectors; (3) earn at least 10% of their total annual revenue through the production and/or sale of tobacco, alcohol, or cannabis products; (4) earn at least 10% of their total annual revenue from certain gambling activities, the production of goods used exclusively for gambling, or the provision of certain services in casinos that are fundamental to gambling operations; (5) directly participate in abortions, or develop or manufacture abortive agents or contraceptives; (6) earn at least 10% of their total annual revenue from the rental, sale, distribution or production of pornographic materials, or the ownership or operation of adult entertainment establishments; (7) are involved in the production or manufacture of landmines, cluster munitions, or the essential components of these products; (8) earn revenue from the production and/or manufacturing of civilian firearms; (9) have had major recent child labor controversies in their own operations or supply chain; (10) conduct stem cell research using cells derived from human embryos or fetal tissue, or use fetal cell lines in the development of vaccines or other biopharmaceuticals; (11) own or operate private prisons and/or immigrant detention facilities; (12) operate in a manner inconsistent with responsible business conduct standards, such as those defined by the UN Global Compact Principles and the OECD
Guidelines for Multinational Enterprises, because of material involvement in severe environmental, social or governance controversies; (13) have high carbon or greenhouse gas emissions or reserves that may produce those emissions; and/or (14) have coal reserves.
The U.S. Social Core Equity 2 Portfolio may modify this list of social issue screens, at any time, without prior shareholder approval or notice. (See “Additional Information on Investment Objectives and Policies—Applying the Portfolios’ Social Criteria” in this Prospectus.)
Period | DFUEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.9% | 4.3% | 35.1% | 47.37% |
1 Yr | 33.6% | 8.4% | 55.4% | 17.57% |
3 Yr | 9.2%* | -10.6% | 16.8% | 47.45% |
5 Yr | 15.1%* | -7.8% | 111.2% | 39.26% |
10 Yr | 11.8%* | 0.0% | 52.7% | 55.29% |
* Annualized
Period | DFUEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.5% | -42.6% | 47.4% | 29.22% |
2022 | -21.5% | -56.3% | -4.2% | 54.17% |
2021 | 21.9% | -27.2% | 537.8% | 27.05% |
2020 | 14.1% | -22.5% | 2181.7% | 37.01% |
2019 | 25.5% | -13.5% | 40.4% | 36.47% |
Period | DFUEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 18.9% | 4.3% | 35.1% | 47.37% |
1 Yr | 33.6% | 8.4% | 55.4% | 17.57% |
3 Yr | 9.2%* | -10.6% | 16.8% | 47.45% |
5 Yr | 15.1%* | -7.8% | 111.2% | 39.26% |
10 Yr | 11.8%* | 0.0% | 52.7% | 55.29% |
* Annualized
Period | DFUEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 24.9% | -5.0% | 47.4% | 44.40% |
2022 | -18.0% | -36.8% | -2.2% | 46.98% |
2021 | 27.9% | 3.0% | 537.8% | 35.44% |
2020 | 15.7% | -15.8% | 2266.0% | 58.07% |
2019 | 30.2% | -0.4% | 241.3% | 47.60% |
DFUEX | Category Low | Category High | DFUEX % Rank | |
---|---|---|---|---|
Net Assets | 1.9 B | 2.34 M | 1.55 T | 44.26% |
Number of Holdings | 2023 | 2 | 4002 | 3.07% |
Net Assets in Top 10 | 551 M | 979 K | 517 B | 48.46% |
Weighting of Top 10 | 28.99% | 0.3% | 112.9% | 86.92% |
Weighting | Return Low | Return High | DFUEX % Rank | |
---|---|---|---|---|
Stocks | 102.11% | 0.00% | 105.85% | 0.24% |
Cash | 2.73% | 0.00% | 99.07% | 18.45% |
Other | 0.00% | -13.91% | 100.00% | 30.26% |
Preferred Stocks | 0.00% | 0.00% | 2.53% | 8.01% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 58.44% |
Bonds | 0.00% | 0.00% | 94.06% | 61.57% |
Weighting | Return Low | Return High | DFUEX % Rank | |
---|---|---|---|---|
Technology | 24.11% | 0.00% | 48.94% | 52.97% |
Financial Services | 17.76% | 0.00% | 55.59% | 13.67% |
Industrials | 14.20% | 0.00% | 29.90% | 9.88% |
Consumer Cyclical | 13.34% | 0.00% | 30.33% | 8.73% |
Communication Services | 8.05% | 0.00% | 27.94% | 56.10% |
Consumer Defense | 7.14% | 0.00% | 47.71% | 39.62% |
Healthcare | 6.70% | 0.00% | 60.70% | 97.36% |
Basic Materials | 4.47% | 0.00% | 25.70% | 15.90% |
Energy | 2.79% | 0.00% | 41.64% | 72.49% |
Utilities | 0.99% | 0.00% | 20.91% | 76.77% |
Real Estate | 0.46% | 0.00% | 31.91% | 83.94% |
Weighting | Return Low | Return High | DFUEX % Rank | |
---|---|---|---|---|
US | 102.11% | 0.00% | 105.85% | 0.16% |
Non US | 0.00% | 0.00% | 64.54% | 66.91% |
DFUEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.22% | 0.01% | 19.75% | 87.46% |
Management Fee | 0.18% | 0.00% | 1.90% | 18.29% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | 1.22% |
DFUEX 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 |
DFUEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | 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.
DFUEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 16.00% | 0.00% | 268.00% | 35.79% |
DFUEX | Category Low | Category High | DFUEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.99% | 0.00% | 25.47% | 40.47% |
DFUEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
DFUEX | Category Low | Category High | DFUEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.20% | -54.00% | 2.44% | 20.25% |
DFUEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.069 | OrdinaryDividend |
Mar 27, 2024 | $0.067 | OrdinaryDividend |
Dec 11, 2023 | $0.077 | OrdinaryDividend |
Dec 11, 2023 | $0.145 | CapitalGainLongTerm |
Sep 28, 2023 | $0.067 | OrdinaryDividend |
Jun 29, 2023 | $0.069 | OrdinaryDividend |
Mar 30, 2023 | $0.065 | OrdinaryDividend |
Dec 12, 2022 | $0.679 | OrdinaryDividend |
Sep 29, 2022 | $0.072 | OrdinaryDividend |
Jun 29, 2022 | $0.070 | OrdinaryDividend |
Mar 30, 2022 | $0.067 | OrdinaryDividend |
Dec 13, 2021 | $0.964 | OrdinaryDividend |
Sep 29, 2021 | $0.075 | OrdinaryDividend |
Jun 29, 2021 | $0.063 | OrdinaryDividend |
Mar 30, 2021 | $0.058 | OrdinaryDividend |
Dec 14, 2020 | $0.074 | OrdinaryDividend |
Sep 29, 2020 | $0.058 | OrdinaryDividend |
Jun 29, 2020 | $0.061 | OrdinaryDividend |
Mar 30, 2020 | $0.045 | OrdinaryDividend |
Dec 16, 2019 | $0.072 | OrdinaryDividend |
Dec 16, 2019 | $0.385 | CapitalGainLongTerm |
Sep 27, 2019 | $0.061 | OrdinaryDividend |
Jun 27, 2019 | $0.064 | OrdinaryDividend |
Mar 28, 2019 | $0.055 | OrdinaryDividend |
Dec 18, 2018 | $0.064 | OrdinaryDividend |
Dec 18, 2018 | $0.012 | CapitalGainShortTerm |
Dec 18, 2018 | $0.235 | CapitalGainLongTerm |
Sep 27, 2018 | $0.062 | OrdinaryDividend |
Jun 28, 2018 | $0.055 | OrdinaryDividend |
Mar 28, 2018 | $0.022 | OrdinaryDividend |
Dec 15, 2017 | $0.086 | OrdinaryDividend |
Dec 15, 2017 | $0.185 | CapitalGainLongTerm |
Sep 28, 2017 | $0.056 | OrdinaryDividend |
Jun 29, 2017 | $0.052 | OrdinaryDividend |
Mar 30, 2017 | $0.048 | OrdinaryDividend |
Dec 15, 2016 | $0.058 | OrdinaryDividend |
Dec 15, 2016 | $0.134 | CapitalGainLongTerm |
Sep 29, 2016 | $0.045 | OrdinaryDividend |
Jun 29, 2016 | $0.050 | OrdinaryDividend |
Mar 30, 2016 | $0.055 | OrdinaryDividend |
Dec 16, 2015 | $0.064 | OrdinaryDividend |
Dec 16, 2015 | $0.221 | CapitalGainLongTerm |
Sep 09, 2015 | $0.048 | OrdinaryDividend |
Jun 08, 2015 | $0.043 | OrdinaryDividend |
Mar 09, 2015 | $0.044 | OrdinaryDividend |
Dec 16, 2014 | $0.061 | OrdinaryDividend |
Dec 16, 2014 | $0.007 | CapitalGainShortTerm |
Dec 16, 2014 | $0.243 | CapitalGainLongTerm |
Sep 09, 2014 | $0.047 | OrdinaryDividend |
Jun 09, 2014 | $0.048 | OrdinaryDividend |
Mar 10, 2014 | $0.028 | OrdinaryDividend |
Dec 12, 2013 | $0.048 | OrdinaryDividend |
Dec 12, 2013 | $0.015 | CapitalGainShortTerm |
Dec 12, 2013 | $0.215 | CapitalGainLongTerm |
Sep 10, 2013 | $0.042 | OrdinaryDividend |
Jun 10, 2013 | $0.040 | OrdinaryDividend |
Mar 08, 2013 | $0.022 | OrdinaryDividend |
Dec 13, 2012 | $0.068 | OrdinaryDividend |
Dec 13, 2012 | $0.094 | CapitalGainLongTerm |
Sep 10, 2012 | $0.033 | OrdinaryDividend |
Jun 08, 2012 | $0.039 | OrdinaryDividend |
Mar 08, 2012 | $0.015 | OrdinaryDividend |
Dec 13, 2011 | $0.046 | OrdinaryDividend |
Sep 08, 2011 | $0.026 | OrdinaryDividend |
Jun 08, 2011 | $0.023 | OrdinaryDividend |
Mar 08, 2011 | $0.017 | OrdinaryDividend |
Dec 09, 2010 | $0.038 | OrdinaryDividend |
Sep 08, 2010 | $0.028 | OrdinaryDividend |
Jun 08, 2010 | $0.022 | OrdinaryDividend |
Mar 09, 2010 | $0.011 | OrdinaryDividend |
Dec 09, 2009 | $0.032 | OrdinaryDividend |
Sep 09, 2009 | $0.017 | OrdinaryDividend |
Jun 09, 2009 | $0.021 | OrdinaryDividend |
Mar 10, 2009 | $0.017 | OrdinaryDividend |
Dec 10, 2008 | $0.053 | OrdinaryDividend |
Sep 09, 2008 | $0.030 | OrdinaryDividend |
Jun 10, 2008 | $0.031 | OrdinaryDividend |
Mar 10, 2008 | $0.030 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Feb 28, 2012
10.26
10.3%
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.
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
Mr. Hertzer joined DFA in 2013. Mr. Hertzer began his investment career in 2004 and earned a B.A. from Dartmouth College and an M.B.A. from the University of California Los Angeles.
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |
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