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World Core Equity Portfolio

mutual fund
DREIX
Payout Change
Pending
Price as of:
$25.12 +0.23 +0.92%
primary theme
N/A
share class
DREIX (Mutual Fund)

World Core Equity Portfolio

Payout Change
Pending
Price as of:
$25.12 +0.23 +0.92%
primary theme
N/A
share class
DREIX (Mutual Fund)

World Core Equity Portfolio

Payout Change
Pending
Price as of:
$25.12 +0.23 +0.92%
primary theme
N/A
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

$25.12

$1.14 B

1.85%

$0.46

0.44%

Vitals

YTD Return

17.0%

1 yr return

31.7%

3 Yr Avg Return

8.3%

5 Yr Avg Return

12.7%

Net Assets

$1.14 B

Holdings in Top 10

100.0%

52 WEEK LOW AND HIGH

$24.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.44%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

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

$25.12

$1.14 B

1.85%

$0.46

0.44%

DREIX - Profile

Distributions

  • YTD Total Return 17.0%
  • 3 Yr Annualized Total Return 8.3%
  • 5 Yr Annualized Total Return 12.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.64%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    World Core Equity Portfolio
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Mar 07, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jed Fogdall

Fund Description

The World Core Equity Portfolio is a “fund of funds,” which means that the Portfolio generally allocates its assets among other mutual funds managed by the Advisor although it also has the ability to invest directly in securities. To achieve the Portfolio’s and the Underlying Funds’ investment objectives, 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 Core Equity Portfolio is designed to provide exposure to a broad portfolio of equity securities of both U.S. companies and non-U.S. companies associated with countries with developed and emerging markets, which may include frontier markets (emerging markets in an earlier stage of development), by primarily purchasing shares of U.S. Core Equity 1 Portfolio, International Core Equity Portfolio and Emerging Markets Core Equity Portfolio (the “Underlying Funds”). Certain Underlying Funds may emphasize securities of smaller, lower relative price, and higher profitability companies. The Portfolio may have exposure to companies in all the market capitalization ranges.

The World Core Equity Portfolio typically allocates its investments among the Underlying Funds in the following manner: 35% to 80% in the U.S. Core Equity 1 Portfolio; 15% to 55% in the International Core Equity Portfolio; and 5% to 20% in the Emerging Markets Core Equity Portfolio. Allocations by the Portfolio among the Underlying Funds within the ranges described above are determined by the relative value of the eligible universe of companies of the Underlying Funds. 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.

As a non-fundamental policy, under normal circumstances, at least 80% of the World Core Equity Portfolio’s net assets will be invested directly, or indirectly through its investment in the Underlying Funds, in equity securities.

The Advisor may also increase or reduce the World Core Equity 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 Core Equity 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 certain Underlying Funds’ investments may be denominated in foreign currencies, the Portfolio and certain Underlying Funds 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 Portfolio and each Underlying Fund may invest in exchange-traded funds (ETFs) for the purposes of gaining exposure to the equity markets, while maintaining liquidity. In addition to money market instruments and other short-term investments, the Portfolio and each Underlying Fund may invest in affiliated and unaffiliated registered and unregistered money market funds. The Portfolio and Underlying Funds may invest in such money market funds and other short-term investments to manage cash pending investment in other securities or to maintain liquidity for the payment of redemptions or other purposes. Investments in ETFs and money market funds may involve a duplication of certain fees and expenses.

The World Core Equity 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 Core Equity 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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DREIX - Performance

Return Ranking - Trailing

Period DREIX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.0% -35.6% 29.2% 12.86%
1 Yr 31.7% 17.3% 252.4% 21.14%
3 Yr 8.3%* -3.5% 34.6% 60.22%
5 Yr 12.7%* 0.1% 32.7% 47.92%
10 Yr 9.4%* -6.9% 18.3% N/A

* Annualized

Return Ranking - Calendar

Period DREIX Return Category Return Low Category Return High Rank in Category (%)
2023 16.5% -24.3% 957.1% 53.55%
2022 -17.8% -38.3% 47.1% 42.60%
2021 17.4% -54.2% 0.6% 49.80%
2020 11.4% -76.0% 54.1% 27.67%
2019 22.7% -26.1% 47.8% 7.02%

Total Return Ranking - Trailing

Period DREIX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.0% -35.6% 29.2% 12.98%
1 Yr 31.7% 11.4% 252.4% 19.55%
3 Yr 8.3%* -3.5% 34.6% 58.15%
5 Yr 12.7%* 0.1% 32.7% 45.91%
10 Yr 9.4%* -6.9% 18.3% N/A

* Annualized

Total Return Ranking - Calendar

Period DREIX Return Category Return Low Category Return High Rank in Category (%)
2023 20.5% -24.3% 957.1% 53.55%
2022 -14.8% -33.1% 47.1% 42.98%
2021 20.4% -44.4% 1.8% 59.22%
2020 13.4% -6.5% 54.1% 31.77%
2019 25.5% -14.4% 47.8% 3.99%

NAV & Total Return History


DREIX - Holdings

Concentration Analysis

DREIX Category Low Category High DREIX % Rank
Net Assets 1.14 B 199 K 133 B 34.76%
Number of Holdings 3 1 9075 99.45%
Net Assets in Top 10 1.14 B -18 M 37.6 B 17.29%
Weighting of Top 10 100.01% 9.1% 100.0% 1.37%

Top 10 Holdings

  1. DFA U.S. Core Equity 1 Portfolio 62.77%
  2. DFA International Core Equity Portfolio 26.14%
  3. DFA Emerging Markets Core Equity Portfolio 11.10%

Asset Allocation

Weighting Return Low Return High DREIX % Rank
Stocks
100.01% 61.84% 125.47% 35.90%
Preferred Stocks
0.00% -0.01% 5.28% 16.19%
Other
0.00% -13.98% 19.14% 25.44%
Convertible Bonds
0.00% 0.00% 4.46% 80.07%
Cash
0.00% -174.70% 23.12% 58.26%
Bonds
0.00% -1.50% 161.67% 80.73%

Stock Sector Breakdown

Weighting Return Low Return High DREIX % Rank
Technology
18.37% 0.00% 49.87% 62.44%
Financial Services
15.72% 0.00% 38.42% 52.42%
Industrials
13.47% 0.00% 44.06% 19.93%
Consumer Cyclical
11.69% 0.00% 40.94% 34.80%
Healthcare
9.96% 0.00% 35.42% 78.08%
Basic Materials
7.37% 0.00% 38.60% 11.01%
Communication Services
7.17% 0.00% 57.66% 59.36%
Consumer Defense
6.85% 0.00% 73.28% 51.32%
Energy
5.37% 0.00% 21.15% 23.90%
Utilities
2.76% 0.00% 29.12% 36.34%
Real Estate
1.27% 0.00% 39.48% 52.64%

Stock Geographic Breakdown

Weighting Return Low Return High DREIX % Rank
US
100.01% 0.13% 103.82% 49.89%
Non US
0.00% 0.58% 99.46% 44.49%

DREIX - Expenses

Operational Fees

DREIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.44% 0.01% 44.27% 95.67%
Management Fee 0.22% 0.00% 1.82% 8.10%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% 1.62%

Sales Fees

DREIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DREIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

DREIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 395.00% N/A

DREIX - Distributions

Dividend Yield Analysis

DREIX Category Low Category High DREIX % Rank
Dividend Yield 1.85% 0.00% 3.26% 80.09%

Dividend Distribution Analysis

DREIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Annually Annually

Net Income Ratio Analysis

DREIX Category Low Category High DREIX % Rank
Net Income Ratio 1.64% -4.27% 12.65% 19.66%

Capital Gain Distribution Analysis

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

Distributions History

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DREIX - Fund Manager Analysis

Managers

Jed Fogdall


Start Date

Tenure

Tenure Rank

Mar 07, 2012

10.24

10.2%

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

Feb 28, 2015

7.26

7.3%

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.

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.

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
0.01 35.82 6.24 1.25