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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
3.9%
1 yr return
11.6%
3 Yr Avg Return
-1.2%
5 Yr Avg Return
0.5%
Net Assets
$605 M
Holdings in Top 10
22.8%
Expense Ratio 0.22%
Front Load N/A
Deferred Load N/A
Turnover 21.00%
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
The Social Fixed Income Portfolio seeks to achieve its investment objective through exposure to a broad portfolio of investment grade debt securities (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”)) of U.S. and non-U.S. corporate and government issuers while excluding securities of corporate and certain non-sovereign government issuers based upon the Portfolio’s social issue screens. The Advisor expects that the Portfolio will primarily invest in the obligations of issuers that are in developed countries.
As a non-fundamental policy, under normal circumstances, at least 80% of the Portfolio’s net assets will be invested in fixed income securities considered to be investment grade quality.
The Social Fixed Income Portfolio will be managed with a view to capturing expected credit premiums and expected term premiums. The term “expected credit premium” means the expected incremental return on investment for holding obligations considered to have greater credit risk than direct obligations of the U.S. Treasury, and “expected term premium” means the expected incremental return on investment for holding securities having longer-term maturities as compared to shorter-term maturities. In managing the Portfolio, the Advisor will increase or decrease investment exposure to intermediate-term securities depending on the expected term premium and also increase or decrease investment exposure to non-government securities depending on the expected credit premium.
The Social Fixed Income Portfolio invests in U.S. and foreign corporate debt securities with an investment grade credit rating and may emphasize such investments in U.S. and foreign corporate debt securities rated A+ to BBB- by S&P or Fitch or A1 to Baa3 by Moody’s). The Portfolio will increase or decrease investment exposure to these lower rated debt securities depending on the expected credit premium. The Portfolio will also invest in obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, bank obligations, commercial paper, repurchase agreements, money market funds, obligations of other domestic and foreign issuers having investment grade ratings, securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. The fixed income securities in which the Portfolio invests are considered investment grade at the time of purchase. In addition, the Portfolio is authorized to invest more than 25% of its total assets in U.S. Treasury bonds, bills and notes, and obligations of federal agencies and its instrumentalities.
The Social Fixed Income Portfolio primarily invests in securities that mature within twenty years from the date of settlement. Under normal circumstances, the Portfolio will generally maintain a weighted average duration of no more than one quarter year greater than, and no less than one year below, the weighted average duration of the Bloomberg U.S. Aggregate Bond Index, which was approximately 6.24 years as of December 31, 2023. From time to time, the Portfolio may deviate from this duration range when the Advisor determines it to be appropriate under the circumstances. Duration is a measure of the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates.
The Social Fixed Income Portfolio’s investments may include foreign securities denominated in foreign currencies. The Portfolio intends to hedge foreign currency exposure to attempt to protect against uncertainty in the level of future foreign currency rates. The Portfolio may enter into foreign currency forward contracts to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. The Portfolio also may enter into credit default swaps on issuers or indices to buy or sell credit protection to hedge its credit exposure; gain market or issuer exposure without owning the underlying securities; or increase the Portfolio’s total return. The Portfolio also may purchase or sell futures contracts and options on futures contracts, to hedge its currency exposure or 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.
The Social Fixed Income Portfolio may lend its portfolio securities to generate additional income.
The Social Fixed Income 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 securities of 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.
In addition to excluding securities of corporate issuers based upon the Social Fixed Income Portfolio’s social issue screens, the Portfolio also will generally exclude securities of supranational organizations and certain non-sovereign governmental agencies (both U.S. and non-U.S.) that may be less sustainable as compared to other similar issuers, based upon considerations 13 and 14. The Portfolio’s investments in securities of U.S. and non-U.S. sovereign issuers are not subject to the other screens identified above. The Advisor, however, considers securities issued by the U.S. Treasury and certain U.S. agencies and instrumentalities that are not subject to the Portfolio’s social issue screens identified above to be consistent with the Portfolio’s strategy of investing in social investments.
The Social Fixed Income 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 | DSFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.9% | -2.4% | 11.7% | 72.65% |
1 Yr | 11.6% | -7.4% | 26.1% | 80.71% |
3 Yr | -1.2%* | -9.9% | 28.9% | 26.04% |
5 Yr | 0.5%* | -7.0% | 59.1% | 40.09% |
10 Yr | N/A* | -2.4% | 74.3% | N/A |
* Annualized
Period | DSFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 3.6% | -16.2% | 8.1% | 3.57% |
2022 | -15.2% | -34.7% | 131.9% | 23.90% |
2021 | -4.8% | -11.6% | 4.4% | 90.84% |
2020 | 6.8% | -10.1% | 946.1% | 12.06% |
2019 | 7.0% | -1.7% | 16.9% | 10.46% |
Period | DSFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.9% | -2.4% | 11.7% | 72.65% |
1 Yr | 11.6% | -7.4% | 26.1% | 80.71% |
3 Yr | -1.2%* | -9.9% | 28.9% | 26.04% |
5 Yr | 0.5%* | -7.0% | 59.1% | 40.09% |
10 Yr | N/A* | -2.4% | 74.3% | N/A |
* Annualized
Period | DSFIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.2% | -11.3% | 11.9% | 14.90% |
2022 | -13.1% | -32.2% | 131.9% | 33.40% |
2021 | -2.2% | -9.4% | 9.2% | 91.17% |
2020 | 9.3% | -1.9% | 1009.0% | 28.86% |
2019 | 9.8% | 1.1% | 21668.0% | 22.33% |
DSFIX | Category Low | Category High | DSFIX % Rank | |
---|---|---|---|---|
Net Assets | 605 M | 2.9 M | 314 B | 63.65% |
Number of Holdings | 444 | 1 | 17787 | 67.24% |
Net Assets in Top 10 | 138 M | 1.62 M | 36.1 B | 66.63% |
Weighting of Top 10 | 22.84% | 4.4% | 432.9% | 49.74% |
Weighting | Return Low | Return High | DSFIX % Rank | |
---|---|---|---|---|
Bonds | 96.34% | 0.00% | 993.61% | 44.77% |
Cash | 6.44% | -54.51% | 237.69% | 23.09% |
Stocks | 6.07% | 0.00% | 99.99% | 4.47% |
Convertible Bonds | 2.16% | 0.00% | 7.93% | 25.00% |
Other | 0.02% | -16.55% | 52.94% | 81.08% |
Preferred Stocks | 0.00% | 0.00% | 71.02% | 37.95% |
Weighting | Return Low | Return High | DSFIX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | N/A |
Technology | 0.00% | 0.00% | 43.45% | N/A |
Real Estate | 0.00% | 0.00% | 99.26% | N/A |
Industrials | 0.00% | 0.00% | 48.31% | N/A |
Healthcare | 0.00% | 0.00% | 17.70% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 100.00% | N/A |
Communication Services | 0.00% | 0.00% | 100.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 99.67% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | N/A |
Basic Materials | 0.00% | 0.00% | 100.00% | N/A |
Weighting | Return Low | Return High | DSFIX % Rank | |
---|---|---|---|---|
US | 6.07% | 0.00% | 99.99% | 4.48% |
Non US | 0.00% | 0.00% | 86.16% | 17.80% |
Weighting | Return Low | Return High | DSFIX % Rank | |
---|---|---|---|---|
Corporate | 55.84% | 0.00% | 100.00% | 5.84% |
Government | 42.69% | 0.00% | 86.23% | 12.60% |
Cash & Equivalents | 6.44% | -0.46% | 237.69% | 23.40% |
Derivative | 0.02% | -1.41% | 44.82% | 50.86% |
Securitized | 0.00% | 0.00% | 98.40% | 98.46% |
Municipal | 0.00% | 0.00% | 100.00% | 76.02% |
Weighting | Return Low | Return High | DSFIX % Rank | |
---|---|---|---|---|
US | 86.42% | 0.00% | 993.61% | 75.58% |
Non US | 9.92% | 0.00% | 35.41% | 2.64% |
DSFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.22% | 0.01% | 39.64% | 93.87% |
Management Fee | 0.18% | 0.00% | 1.76% | 8.12% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
DSFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
DSFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
DSFIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 21.00% | 2.00% | 493.39% | 3.70% |
DSFIX | Category Low | Category High | DSFIX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.33% | 0.00% | 10.11% | 56.75% |
DSFIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
DSFIX | Category Low | Category High | DSFIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.89% | -1.28% | 4.79% | 37.62% |
DSFIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.034 | OrdinaryDividend |
Aug 29, 2024 | $0.014 | OrdinaryDividend |
Jul 30, 2024 | $0.024 | OrdinaryDividend |
Apr 29, 2024 | $0.039 | OrdinaryDividend |
Mar 27, 2024 | $0.020 | OrdinaryDividend |
Feb 28, 2024 | $0.012 | OrdinaryDividend |
Jan 30, 2024 | $0.024 | OrdinaryDividend |
Dec 11, 2023 | $0.055 | OrdinaryDividend |
Nov 29, 2023 | $0.013 | OrdinaryDividend |
Oct 30, 2023 | $0.033 | OrdinaryDividend |
Sep 28, 2023 | $0.042 | OrdinaryDividend |
Aug 30, 2023 | $0.029 | OrdinaryDividend |
Jul 28, 2023 | $0.017 | OrdinaryDividend |
Jun 29, 2023 | $0.030 | OrdinaryDividend |
May 30, 2023 | $0.020 | OrdinaryDividend |
Apr 27, 2023 | $0.020 | OrdinaryDividend |
Mar 30, 2023 | $0.022 | OrdinaryDividend |
Feb 27, 2023 | $0.019 | OrdinaryDividend |
Dec 12, 2022 | $0.029 | OrdinaryDividend |
Nov 29, 2022 | $0.021 | OrdinaryDividend |
Oct 28, 2022 | $0.018 | OrdinaryDividend |
Sep 29, 2022 | $0.017 | OrdinaryDividend |
Aug 30, 2022 | $0.020 | OrdinaryDividend |
Jul 28, 2022 | $0.019 | OrdinaryDividend |
Jun 29, 2022 | $0.020 | OrdinaryDividend |
May 27, 2022 | $0.018 | OrdinaryDividend |
Apr 28, 2022 | $0.017 | OrdinaryDividend |
Mar 30, 2022 | $0.021 | OrdinaryDividend |
Feb 25, 2022 | $0.014 | OrdinaryDividend |
Jan 28, 2022 | $0.011 | OrdinaryDividend |
Dec 13, 2021 | $0.033 | OrdinaryDividend |
Dec 13, 2021 | $0.010 | CapitalGainShortTerm |
Dec 13, 2021 | $0.088 | CapitalGainLongTerm |
Nov 29, 2021 | $0.010 | OrdinaryDividend |
Oct 28, 2021 | $0.010 | OrdinaryDividend |
Sep 29, 2021 | $0.016 | OrdinaryDividend |
Aug 30, 2021 | $0.017 | OrdinaryDividend |
Jul 29, 2021 | $0.016 | OrdinaryDividend |
Jun 29, 2021 | $0.018 | OrdinaryDividend |
May 27, 2021 | $0.015 | OrdinaryDividend |
Apr 29, 2021 | $0.017 | OrdinaryDividend |
Mar 30, 2021 | $0.020 | OrdinaryDividend |
Feb 25, 2021 | $0.012 | OrdinaryDividend |
Dec 14, 2020 | $0.038 | OrdinaryDividend |
Dec 14, 2020 | $0.019 | CapitalGainLongTerm |
Nov 27, 2020 | $0.016 | OrdinaryDividend |
Oct 29, 2020 | $0.023 | OrdinaryDividend |
Sep 29, 2020 | $0.017 | OrdinaryDividend |
Aug 28, 2020 | $0.007 | OrdinaryDividend |
Jul 30, 2020 | $0.016 | OrdinaryDividend |
Jun 29, 2020 | $0.023 | OrdinaryDividend |
May 28, 2020 | $0.015 | OrdinaryDividend |
Apr 29, 2020 | $0.015 | OrdinaryDividend |
Mar 30, 2020 | $0.022 | OrdinaryDividend |
Feb 27, 2020 | $0.017 | OrdinaryDividend |
Jan 30, 2020 | $0.016 | OrdinaryDividend |
Dec 16, 2019 | $0.059 | OrdinaryDividend |
Nov 27, 2019 | $0.013 | OrdinaryDividend |
Oct 30, 2019 | $0.015 | OrdinaryDividend |
Sep 27, 2019 | $0.018 | OrdinaryDividend |
Aug 29, 2019 | $0.020 | OrdinaryDividend |
Jul 30, 2019 | $0.021 | OrdinaryDividend |
Jun 27, 2019 | $0.022 | OrdinaryDividend |
May 30, 2019 | $0.022 | OrdinaryDividend |
Apr 29, 2019 | $0.023 | OrdinaryDividend |
Mar 28, 2019 | $0.021 | OrdinaryDividend |
Feb 27, 2019 | $0.027 | OrdinaryDividend |
Jan 30, 2019 | $0.004 | OrdinaryDividend |
Dec 17, 2018 | $0.048 | OrdinaryDividend |
Nov 29, 2018 | $0.014 | OrdinaryDividend |
Oct 30, 2018 | $0.023 | OrdinaryDividend |
Sep 27, 2018 | $0.016 | OrdinaryDividend |
Aug 30, 2018 | $0.020 | OrdinaryDividend |
Jul 30, 2018 | $0.022 | OrdinaryDividend |
Jun 28, 2018 | $0.023 | OrdinaryDividend |
May 30, 2018 | $0.020 | OrdinaryDividend |
Apr 27, 2018 | $0.018 | OrdinaryDividend |
Mar 28, 2018 | $0.021 | OrdinaryDividend |
Feb 27, 2018 | $0.008 | OrdinaryDividend |
Jan 30, 2018 | $0.012 | OrdinaryDividend |
Dec 14, 2017 | $0.029 | OrdinaryDividend |
Nov 29, 2017 | $0.013 | OrdinaryDividend |
Oct 30, 2017 | $0.018 | OrdinaryDividend |
Aug 30, 2017 | $0.018 | OrdinaryDividend |
Jul 28, 2017 | $0.016 | OrdinaryDividend |
Jun 29, 2017 | $0.017 | OrdinaryDividend |
May 30, 2017 | $0.016 | OrdinaryDividend |
Apr 27, 2017 | $0.014 | OrdinaryDividend |
Mar 30, 2017 | $0.018 | OrdinaryDividend |
Feb 27, 2017 | $0.013 | OrdinaryDividend |
Jan 30, 2017 | $0.011 | OrdinaryDividend |
Dec 14, 2016 | $0.018 | OrdinaryDividend |
Dec 09, 2016 | $0.004 | CapitalGainShortTerm |
Nov 29, 2016 | $0.016 | OrdinaryDividend |
Oct 28, 2016 | $0.017 | OrdinaryDividend |
Sep 29, 2016 | $0.006 | OrdinaryDividend |
Aug 30, 2016 | $0.007 | OrdinaryDividend |
Jul 28, 2016 | $0.008 | OrdinaryDividend |
Jun 29, 2016 | $0.013 | OrdinaryDividend |
May 27, 2016 | $0.011 | OrdinaryDividend |
Apr 28, 2016 | $0.003 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Apr 05, 2016
6.16
6.2%
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.
Start Date
Tenure
Tenure Rank
Apr 05, 2016
6.16
6.2%
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.
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Mr. Shao is a Vice President and Senior Portfolio Manager of Dimensional Fund Advisors LP . Mr. Shao holds an MA from the University of California at Los Angeles and a BS from Columbia University. Mr. Shao joined Dimensional Fund in 2006, has been a portfolio manager since 2011, and has been responsible for the DFA Intermediate-Term Extended Quality Portfolio, DFA Global Core Plus Fixed Income Portfolio, DFA Investment Grade Portfolio and DFA Short-Duration Real Return Portfolio since 2019 and the DFA Global Core Plus Real Return Portfolio since its inception.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 33.43 | 6.79 | 1.16 |
Dividend Investing Ideas Center
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