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DFA LTIP PORTFOLIO

mutual fund
DRXIX
Payout Change
Pending
Price as of:
$6.07 +0.04 +0.66%
primary theme
TIPS
share class
DRXIX (Mutual Fund)

DFA LTIP PORTFOLIO

Payout Change
Pending
Price as of:
$6.07 +0.04 +0.66%
primary theme
TIPS
share class
DRXIX (Mutual Fund)

DFA LTIP PORTFOLIO

Payout Change
Pending
Price as of:
$6.07 +0.04 +0.66%
primary theme
TIPS
share class

Name

As of 10/08/2024

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

DFA LTIP PORTFOLIO

DRXIX | Fund

$6.07

$383 M

4.10%

$0.25

0.13%

Vitals

YTD Return

1.5%

1 yr return

16.6%

3 Yr Avg Return

-13.4%

5 Yr Avg Return

-3.6%

Net Assets

$383 M

Holdings in Top 10

99.4%

52 WEEK LOW AND HIGH

$6.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.13%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 39.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/08/2024

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

DFA LTIP PORTFOLIO

DRXIX | Fund

$6.07

$383 M

4.10%

$0.25

0.13%

DRXIX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return -13.4%
  • 5 Yr Annualized Total Return -3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.86%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    DFA LTIP PORTFOLIO
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Mar 07, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Plecha

Fund Description

The DFA LTIP Portfolio seeks its investment objective by generally investing in a universe of long-term fixed income securities structured to provide protection against inflation. The Portfolio may invest in inflation-protected securities issued by the U.S. Government and its agencies and instrumentalities. The Portfolio also may invest in inflation-protected securities of other investment grade issuers (e.g., rated AAA to BBB- by S&P Global Ratings (“S&P”) or Fitch Ratings Ltd. (“Fitch”) or Aaa to Baa3 by Moody’s Investor’s Service, Inc. (“Moody’s”)) including foreign governments and U.S. and non-U.S. corporations. The fixed income securities in which the Portfolio invests are considered investment grade at the time of purchase.

Inflation-protected securities (also known as inflation-indexed securities) are securities whose principal and/or interest payments are adjusted for inflation, unlike conventional debt securities that make fixed principal and interest

payments. Inflation-protected securities include Treasury Inflation-Protected Securities (“TIPS”), which are securities issued by the U.S. Treasury. The principal value of TIPS is adjusted for inflation (payable at maturity) and the semi-annual interest payments by TIPS equal a fixed percentage of the inflation-adjusted principal amount. These inflation adjustments are based upon the Consumer Price Index for Urban Consumers (CPI-U). The original principal value of TIPS is guaranteed. At maturity, TIPS are redeemed at the greater of their inflation-adjusted principal or par amount at original issue. Other types of inflation-protected securities may use other methods to adjust for inflation and other measures of inflation. In addition, inflation-protected securities issued by entities other than the U.S. Treasury may not provide a guarantee of principal value at maturity.

Generally, the DFA LTIP Portfolio will purchase long-term fixed income securities with maturities greater than ten years from the date of settlement, although at times, the Portfolio may purchase securities with shorter maturities. The Portfolio ordinarily will have a weighted average maturity, based upon market values, of greater than ten years.

The DFA LTIP Portfolio also may invest in securities issued by the U.S. Government and its agencies and instrumentalities and other investment grade issuers that do not provide inflation protection while attempting to protect for inflation by engaging in swaps, futures or other derivatives to hedge against the inflation risk associated with such securities. The Portfolio may also invest in money market funds. Because many of the LTIP Portfolio’s investments may be denominated in foreign currencies, the Portfolio may enter into foreign currency forward contracts to attempt to protect against uncertainty in the level of future foreign currency rates, to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. The Portfolio may purchase or sell futures contracts and options on futures contracts, to hedge its interest rate exposure or for non-hedging purposes, such as a substitute for direct investment or to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

As a non-fundamental policy, under normal circumstances, at least 80% of the DFA LTIP Portfolio’s net assets will be invested in fixed income securities.

The DFA LTIP Portfolio is authorized to invest more than 25% of its total assets in Treasury bonds, bills and notes and obligations of U.S. government agencies and instrumentalities. The Portfolio will not shift the maturity of its investments in anticipation of interest rate movements.

The DFA LTIP Portfolio may lend its portfolio securities to generate additional income.

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DRXIX - Performance

Return Ranking - Trailing

Period DRXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -7.3% 11.5% 98.52%
1 Yr 16.6% -8.8% 26.0% 3.45%
3 Yr -13.4%* -13.7% 4.7% 99.49%
5 Yr -3.6%* -6.7% 5.5% 98.95%
10 Yr -0.2%* -2.1% 3.3% 98.48%

* Annualized

Return Ranking - Calendar

Period DRXIX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.7% -8.7% 5.1% 99.00%
2022 -45.5% -52.3% -4.0% 99.49%
2021 1.7% -7.9% 7.7% 29.38%
2020 18.6% -29.4% 23.0% 1.05%
2019 16.7% 0.8% 16.7% 0.53%

Total Return Ranking - Trailing

Period DRXIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -7.3% 11.5% 98.52%
1 Yr 16.6% -8.8% 26.0% 3.45%
3 Yr -13.4%* -13.7% 4.7% 99.49%
5 Yr -3.6%* -6.7% 5.5% 98.95%
10 Yr -0.2%* -2.1% 3.3% 98.48%

* Annualized

Total Return Ranking - Calendar

Period DRXIX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.0% -5.2% 9.5% 97.01%
2022 -40.1% -40.1% 9.2% 100.00%
2021 9.1% -2.7% 37.6% 6.70%
2020 26.8% -0.5% 27.5% 1.57%
2019 19.3% 2.8% 19.3% 0.53%

NAV & Total Return History


DRXIX - Holdings

Concentration Analysis

DRXIX Category Low Category High DRXIX % Rank
Net Assets 383 M 968 K 51.8 B 66.50%
Number of Holdings 4 2 1526 98.52%
Net Assets in Top 10 381 M 891 K 24.2 B 55.17%
Weighting of Top 10 99.44% 11.9% 100.0% 1.98%

Top 10 Holdings

  1. U.S. Treasury Inflation-Indexed Bonds 29.07%
  2. U.S. Treasury Inflation-Indexed Bonds 28.99%
  3. U.S. Treasury Inflation-Indexed Bonds 28.95%
  4. U.S. Treasury Inflation-Indexed Bonds 12.43%

Asset Allocation

Weighting Return Low Return High DRXIX % Rank
Bonds
99.44% 0.00% 198.42% 29.56%
Cash
0.56% -42.00% 15.28% 57.64%
Stocks
0.00% 0.00% 100.03% 18.23%
Preferred Stocks
0.00% 0.00% 0.78% 16.26%
Other
0.00% -55.92% 68.12% 66.01%
Convertible Bonds
0.00% 0.00% 3.96% 42.86%

Bond Sector Breakdown

Weighting Return Low Return High DRXIX % Rank
Government
99.44% 6.70% 112.97% 10.34%
Derivative
0.00% -22.87% 13.49% 66.50%
Cash & Equivalents
0.00% -0.08% 15.28% 75.37%
Securitized
0.00% 0.00% 58.03% 71.92%
Corporate
0.00% 0.00% 50.64% 68.97%
Municipal
0.00% 0.00% 1.28% 28.57%

Bond Geographic Breakdown

Weighting Return Low Return High DRXIX % Rank
US
99.44% 0.00% 174.44% 26.11%
Non US
0.00% 0.00% 42.19% 45.32%

DRXIX - Expenses

Operational Fees

DRXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.13% 0.03% 22.29% 93.03%
Management Fee 0.10% 0.00% 0.99% 13.79%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% 0.80%

Sales Fees

DRXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

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

DRXIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 246.00% 39.18%

DRXIX - Distributions

Dividend Yield Analysis

DRXIX Category Low Category High DRXIX % Rank
Dividend Yield 4.10% 0.00% 14.25% 0.99%

Dividend Distribution Analysis

DRXIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Monthly

Net Income Ratio Analysis

DRXIX Category Low Category High DRXIX % Rank
Net Income Ratio 4.86% -0.06% 6.71% 23.00%

Capital Gain Distribution Analysis

DRXIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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DRXIX - Fund Manager Analysis

Managers

David Plecha


Start Date

Tenure

Tenure Rank

Mar 07, 2012

10.24

10.2%

David Plecha is Dimensional’s Global Head of Fixed Income. A member of the Investment Committee and Investment Research Committee, he not only manages US and global portfolios but also maintains much of the fixed income research and client communications. Dave received his Chartered Financial Analyst® designation in 1996. Prior to joining Dimensional in 1989, he managed stock index futures and options for Leland O’Brien Rubinstein Associates and was an operations planner for Texas Instruments.

Joseph Kolerich


Start Date

Tenure

Tenure Rank

Mar 07, 2012

10.24

10.2%

Joseph Kolerich is Head of Fixed Income, Americas, Senior Portfolio Manager and Vice President of Dimensional and a member of the Investment Committee. Mr. Kolerich has an MBA from the University of Chicago Booth School of Business and a BS from Northern Illinois University. Mr. Kolerich joined DFA as a portfolio manager in 2001 and has been responsible for the fixed income portfolios since 2012.

Alan Hutchison


Start Date

Tenure

Tenure Rank

Feb 28, 2016

6.26

6.3%

Mr. Hutchison is a Portfolio Manager of Dimensional Fund Advisors LP. Mr. Hutchison holds an MBA from Drake University and a BBA from Texas Tech University. Mr. Hutchison joined Dimensional Fund Advisors LP in 2006, has been a portfolio manager since 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 20.51 6.55 11.1