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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
14.1%
1 yr return
23.9%
3 Yr Avg Return
12.0%
5 Yr Avg Return
12.6%
Net Assets
$287 M
Holdings in Top 10
100.0%
Expense Ratio 0.55%
Front Load N/A
Deferred Load N/A
Turnover 2.00%
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 World ex U.S. Value Portfolio’s and the Underlying Funds’ investment objectives, 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 and the Underlying Funds’ designs emphasize 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 World ex U.S. Value Portfolio seeks to achieve its investment objective through exposure to a broad portfolio of securities of non-U.S. companies associated with countries with developed and emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development), that the Advisor believes to be value stocks at the time of purchase. To achieve this exposure, the Advisor will generally purchase shares of The DFA International Value Series (the “DFA International Value Series”), DFA International Small Cap Value Portfolio, and Dimensional Emerging Markets Value Fund (the “Underlying Funds”), which are other funds managed by the Advisor. The Portfolio currently intends to allocate its investments among the Underlying Funds in the following manner: 50% to 80% in the DFA International Value Series; 5% to 20% in the DFA International Small Cap Value Portfolio; and 15% to 45% in the Dimensional Emerging Markets Value Fund. 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. 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 that are described in this Prospectus as eligible investments for the Underlying Funds. 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. The Advisor may consider the relative market capitalization weighting of developed and emerging markets within the universe of eligible securities when allocating Portfolio investments among the Underlying Funds or securities.
The DFA International Value Series invests in large value companies associated with developed market countries and the DFA International Small Cap Value Portfolio invests in small value companies associated with developed market countries. Generally, the Advisor determines if a company is large or small based on its market capitalization. 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 an Underlying Fund than companies with relatively lower market capitalizations. The Dimensional Emerging Markets Value Fund may purchase securities of value companies associated with emerging markets, including frontier markets, across all market capitalizations. With respect to each Underlying Fund, the Advisor may limit or fix the Underlying Fund’s exposure to a particular country, region or issuer. The Portfolio and Underlying Funds may emphasize certain stocks, including smaller capitalization companies, lower relative price stocks, and/or higher profitability stocks as compared to their representation in the countries and/or regions in which the Portfolio and/or Underlying Funds are authorized to invest. 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 World ex U.S. Value 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 such Portfolio or Underlying Fund. As a non-fundamental policy, under normal circumstances, at least 80% of the Portfolio’s net assets will be invested directly, or indirectly through its investment in the Underlying Funds, in securities of non-U.S. companies.
The Advisor may also increase or reduce the World ex U.S. Value Portfolio’s and/or Underlying Funds’ 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 World ex U.S. Value Portfolio and Underlying Funds may gain exposure to companies associated with approved markets by purchasing equity securities in the form of depositary receipts which may be domiciled or traded outside the issuer’s domicile country.
The World ex U.S. Value 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 Underlying Funds’ investments may be denominated in foreign currencies, the Portfolio and each 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 World ex U.S. Value Portfolio and 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 World ex U.S. Value 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”.
Period | DFWVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.1% | 0.9% | 19.9% | 16.29% |
1 Yr | 23.9% | 6.0% | 32.2% | 21.82% |
3 Yr | 12.0%* | -1.5% | 81.0% | 1.64% |
5 Yr | 12.6%* | 1.7% | 48.5% | 1.77% |
10 Yr | 6.8%* | 0.6% | 23.2% | 4.97% |
* Annualized
Period | DFWVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.2% | 1.0% | 26.9% | 57.05% |
2022 | -10.0% | -27.8% | 166.1% | 27.33% |
2021 | 11.8% | -66.6% | 64.4% | 9.80% |
2020 | -3.2% | -23.1% | 17.3% | 71.67% |
2019 | 10.9% | 4.4% | 31.6% | 84.91% |
Period | DFWVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 14.1% | 0.9% | 19.9% | 16.29% |
1 Yr | 23.9% | 6.0% | 32.2% | 21.82% |
3 Yr | 12.0%* | -1.5% | 81.0% | 1.64% |
5 Yr | 12.6%* | 1.7% | 48.5% | 1.77% |
10 Yr | 6.8%* | 0.6% | 23.2% | 4.97% |
* Annualized
Period | DFWVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.3% | 5.4% | 31.0% | 56.73% |
2022 | -6.4% | -19.9% | 344.3% | 21.86% |
2021 | 29.5% | -0.2% | 75.3% | 0.65% |
2020 | -0.4% | -20.4% | 18.9% | 74.06% |
2019 | 14.5% | 11.2% | 32.1% | 90.18% |
DFWVX | Category Low | Category High | DFWVX % Rank | |
---|---|---|---|---|
Net Assets | 287 M | 2.04 M | 46.7 B | 69.65% |
Number of Holdings | 3 | 2 | 2513 | 98.72% |
Net Assets in Top 10 | 287 M | 435 K | 13.8 B | 37.06% |
Weighting of Top 10 | 99.95% | 7.2% | 100.0% | 2.56% |
Weighting | Return Low | Return High | DFWVX % Rank | |
---|---|---|---|---|
Stocks | 99.95% | 7.74% | 105.58% | 3.51% |
Cash | 0.05% | 0.00% | 13.78% | 94.89% |
Preferred Stocks | 0.00% | 0.00% | 4.41% | 81.47% |
Other | 0.00% | -0.05% | 43.33% | 79.23% |
Convertible Bonds | 0.00% | 0.00% | 0.15% | 60.38% |
Bonds | 0.00% | 0.00% | 81.81% | 63.58% |
Weighting | Return Low | Return High | DFWVX % Rank | |
---|---|---|---|---|
Financial Services | 28.04% | 0.00% | 42.76% | 11.29% |
Basic Materials | 14.56% | 0.00% | 30.76% | 10.65% |
Energy | 13.63% | 0.00% | 26.59% | 4.52% |
Industrials | 11.24% | 1.03% | 36.79% | 74.84% |
Consumer Cyclical | 10.41% | 0.00% | 27.46% | 42.26% |
Technology | 4.87% | 0.00% | 24.16% | 70.32% |
Healthcare | 4.58% | 0.00% | 23.28% | 92.90% |
Communication Services | 4.14% | 0.29% | 22.75% | 82.26% |
Consumer Defense | 4.09% | 0.00% | 31.84% | 84.52% |
Real Estate | 3.28% | 0.00% | 17.06% | 17.42% |
Utilities | 1.16% | 0.00% | 27.46% | 80.65% |
Weighting | Return Low | Return High | DFWVX % Rank | |
---|---|---|---|---|
US | 99.95% | 0.00% | 100.40% | 0.64% |
Non US | 0.00% | 0.00% | 99.55% | 97.76% |
DFWVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.55% | 0.01% | 5.99% | 86.90% |
Management Fee | 0.32% | 0.00% | 1.25% | 7.37% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.03% | 0.47% | 1.69% |
DFWVX 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% | 1.00% | N/A |
DFWVX 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.
DFWVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 2.00% | 2.00% | 158.16% | 0.36% |
DFWVX | Category Low | Category High | DFWVX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.64% | 0.00% | 13.19% | 35.26% |
DFWVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
DFWVX | Category Low | Category High | DFWVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.14% | 0.18% | 7.85% | 19.87% |
DFWVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.161 | OrdinaryDividend |
Mar 27, 2024 | $0.017 | OrdinaryDividend |
Dec 13, 2023 | $0.191 | OrdinaryDividend |
Sep 28, 2023 | $0.119 | OrdinaryDividend |
Jun 29, 2023 | $0.221 | OrdinaryDividend |
Mar 30, 2023 | $0.005 | OrdinaryDividend |
Dec 14, 2022 | $0.137 | OrdinaryDividend |
Sep 29, 2022 | $0.126 | OrdinaryDividend |
Jun 29, 2022 | $0.153 | OrdinaryDividend |
Dec 15, 2021 | $0.065 | CapitalGainShortTerm |
Dec 15, 2021 | $1.561 | CapitalGainLongTerm |
Sep 29, 2021 | $0.119 | OrdinaryDividend |
Jun 29, 2021 | $0.132 | OrdinaryDividend |
Mar 30, 2021 | $0.016 | OrdinaryDividend |
Dec 16, 2020 | $0.098 | OrdinaryDividend |
Sep 29, 2020 | $0.064 | OrdinaryDividend |
Jun 29, 2020 | $0.102 | OrdinaryDividend |
Mar 30, 2020 | $0.005 | OrdinaryDividend |
Dec 17, 2019 | $0.098 | OrdinaryDividend |
Sep 27, 2019 | $0.073 | OrdinaryDividend |
Jun 27, 2019 | $0.161 | OrdinaryDividend |
Mar 28, 2019 | $0.022 | OrdinaryDividend |
Dec 18, 2018 | $0.096 | OrdinaryDividend |
Dec 18, 2018 | $0.226 | CapitalGainLongTerm |
Sep 27, 2018 | $0.072 | OrdinaryDividend |
Jun 28, 2018 | $0.142 | OrdinaryDividend |
Mar 28, 2018 | $0.006 | OrdinaryDividend |
Dec 15, 2017 | $0.195 | OrdinaryDividend |
Jun 29, 2017 | $0.134 | OrdinaryDividend |
Mar 30, 2017 | $0.022 | OrdinaryDividend |
Dec 15, 2016 | $0.086 | OrdinaryDividend |
Sep 29, 2016 | $0.041 | OrdinaryDividend |
Jun 29, 2016 | $0.141 | OrdinaryDividend |
Mar 30, 2016 | $0.036 | OrdinaryDividend |
Dec 16, 2015 | $0.087 | OrdinaryDividend |
Sep 09, 2015 | $0.055 | OrdinaryDividend |
Jun 08, 2015 | $0.127 | OrdinaryDividend |
Dec 16, 2014 | $0.093 | OrdinaryDividend |
Sep 09, 2014 | $0.071 | OrdinaryDividend |
Jun 09, 2014 | $0.159 | OrdinaryDividend |
Mar 10, 2014 | $0.114 | OrdinaryDividend |
Dec 12, 2013 | $0.077 | OrdinaryDividend |
Sep 10, 2013 | $0.080 | OrdinaryDividend |
Jun 10, 2013 | $0.172 | OrdinaryDividend |
Mar 08, 2013 | $0.007 | OrdinaryDividend |
Dec 13, 2012 | $0.098 | OrdinaryDividend |
Sep 10, 2012 | $0.030 | OrdinaryDividend |
Jun 08, 2012 | $0.139 | OrdinaryDividend |
Mar 08, 2012 | $0.004 | OrdinaryDividend |
Dec 13, 2011 | $0.087 | OrdinaryDividend |
Sep 08, 2011 | $0.051 | OrdinaryDividend |
Jun 08, 2011 | $0.135 | OrdinaryDividend |
Mar 08, 2011 | $0.017 | OrdinaryDividend |
Dec 09, 2010 | $0.056 | OrdinaryDividend |
Dec 09, 2010 | $0.007 | CapitalGainShortTerm |
Dec 09, 2010 | $0.072 | CapitalGainLongTerm |
Start Date
Tenure
Tenure Rank
Aug 23, 2010
11.78
11.8%
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, 2017
5.25
5.3%
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.
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
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.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 29.68 | 7.77 | 0.54 |
Dividend Investing Ideas Center
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