Continue to site >
Trending ETFs

DFA TARGETED CREDIT PORTFOLIO

mutual fund
DTCPX
Payout Change
Pending
Price as of:
$9.57 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
share class
DTCPX (Mutual Fund)

DFA TARGETED CREDIT PORTFOLIO

Payout Change
Pending
Price as of:
$9.57 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
share class
DTCPX (Mutual Fund)

DFA TARGETED CREDIT PORTFOLIO

Payout Change
Pending
Price as of:
$9.57 +0.0 +0.0%
primary theme
U.S. Short-Term Bond Duration
share class

Name

As of 10/10/2024

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

$9.57

$899 M

12.09%

$1.16

0.22%

Vitals

YTD Return

4.4%

1 yr return

7.1%

3 Yr Avg Return

0.7%

5 Yr Avg Return

1.2%

Net Assets

$899 M

Holdings in Top 10

14.4%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 65.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/10/2024

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

$9.57

$899 M

12.09%

$1.16

0.22%

DTCPX - Profile

Distributions

  • YTD Total Return 4.4%
  • 3 Yr Annualized Total Return 0.7%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 12.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    DFA TARGETED CREDIT PORTFOLIO
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    May 20, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Plecha

Fund Description

The Targeted Credit Portfolio seeks to maximize total returns from a universe of U.S. and foreign corporate debt securities that mature within five years from the date of settlement. In addition, the Portfolio may 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, securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. The Portfolio generally emphasizes investments in debt securities rated A+ to BBB- by S&P Global Ratings (“S&P”) or Fitch Ratings Ltd. (“Fitch”) or A1 to Baa3 by Moody’s Investor’s Service, Inc. (“Moody’s”). The Portfolio may also invest in higher-rated investment grade securities (i.e., those rated AAA to AA- by S&P or Fitch or Aaa to Aa3 by Moody’s) and/or below-investment grade securities (i.e., those rated below BBB- by S&P or Fitch or below Baa3 by Moody’s) depending on the expected credit premium. 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, the Targeted Credit Portfolio will invest at least 80% of its net assets in debt securities. The Portfolio seeks to maintain a weighted average maturity and a weighted average duration of five years or less. 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 Targeted Credit 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 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 Targeted Credit Portfolio may lend its portfolio securities to generate additional income.

Read More

DTCPX - Performance

Return Ranking - Trailing

Period DTCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -47.6% 16.0% 61.03%
1 Yr 7.1% -45.4% 25.2% 78.90%
3 Yr 0.7%* -19.4% 4.6% 78.92%
5 Yr 1.2%* -11.1% 5.0% 84.25%
10 Yr N/A* -18.8% 170.4% N/A

* Annualized

Return Ranking - Calendar

Period DTCPX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -1.6% 7.6% 27.86%
2022 -8.9% -17.7% -2.6% 82.72%
2021 -1.9% -4.0% 4.4% 69.66%
2020 1.4% -7.1% 7.6% 70.00%
2019 3.6% -2.3% 9.3% 9.28%

Total Return Ranking - Trailing

Period DTCPX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.4% -47.6% 16.0% 61.03%
1 Yr 7.1% -45.4% 25.2% 78.90%
3 Yr 0.7%* -19.4% 4.6% 78.92%
5 Yr 1.2%* -11.1% 5.0% 84.25%
10 Yr N/A* -18.8% 170.4% N/A

* Annualized

Total Return Ranking - Calendar

Period DTCPX Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% 1.8% 15.2% 35.88%
2022 -7.3% -17.3% -1.3% 90.29%
2021 -0.2% -2.7% 7.7% 56.29%
2020 2.7% -2.4% 14.5% 91.84%
2019 6.4% 0.6% 12.6% 11.39%

NAV & Total Return History


DTCPX - Holdings

Concentration Analysis

DTCPX Category Low Category High DTCPX % Rank
Net Assets 899 M 14.5 K 57.3 B 57.03%
Number of Holdings 382 2 8314 53.80%
Net Assets in Top 10 130 M 1.02 M 7.47 B 67.49%
Weighting of Top 10 14.41% 1.9% 112.6% 77.76%

Top 10 Holdings

  1. DFA Short Term Investment Fund 2.70%
  2. DFA Investment Trust Co. 2.52%
  3. U.S. Treasury Floating Rate Notes 2.23%
  4. U.S. Treasury Notes 1.67%
  5. TWDC Enterprises 18 Corp. 0.96%
  6. U.S. Treasury Floating Rate Notes 0.89%
  7. U.S. Treasury Floating Rate Notes 0.89%
  8. Cigna Group 0.89%
  9. Royal Bank of Canada 0.84%
  10. 7-Eleven, Inc. 0.83%

Asset Allocation

Weighting Return Low Return High DTCPX % Rank
Bonds
92.47% 0.00% 131.20% 31.94%
Cash
8.40% -20.59% 71.38% 19.58%
Convertible Bonds
7.00% 0.00% 27.71% 4.00%
Stocks
2.52% 0.00% 99.91% 12.36%
Preferred Stocks
0.00% 0.00% 24.12% 60.84%
Other
-0.20% -0.97% 71.57% 99.62%

Stock Sector Breakdown

Weighting Return Low Return High DTCPX % Rank
Utilities
0.00% 0.00% 81.48% N/A
Technology
0.00% 0.00% 24.45% N/A
Real Estate
0.00% 0.00% 8.31% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 23.11% 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% 65.64% N/A
Consumer Defense
0.00% 0.00% 21.37% N/A
Consumer Cyclical
0.00% 0.00% 10.75% N/A
Basic Materials
0.00% 0.00% 22.71% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DTCPX % Rank
US
2.52% 0.00% 99.91% 12.36%
Non US
0.00% 0.00% 2.07% 51.14%

Bond Sector Breakdown

Weighting Return Low Return High DTCPX % Rank
Corporate
90.31% 0.00% 99.82% 4.57%
Cash & Equivalents
8.40% 0.00% 71.38% 18.63%
Government
5.78% 0.00% 73.63% 76.76%
Securitized
0.00% 0.00% 97.27% 97.71%
Municipal
0.00% 0.00% 14.41% 77.71%
Derivative
-0.20% -0.44% 27.90% 99.43%

Bond Geographic Breakdown

Weighting Return Low Return High DTCPX % Rank
US
60.11% 0.00% 131.20% 88.40%
Non US
32.36% 0.00% 82.20% 0.95%

DTCPX - Expenses

Operational Fees

DTCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.22% 0.01% 3.24% 92.94%
Management Fee 0.18% 0.00% 1.19% 13.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% 2.33%

Sales Fees

DTCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

DTCPX 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.

DTCPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 65.00% 2.00% 500.00% 43.56%

DTCPX - Distributions

Dividend Yield Analysis

DTCPX Category Low Category High DTCPX % Rank
Dividend Yield 12.09% 0.00% 11.11% 77.57%

Dividend Distribution Analysis

DTCPX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

DTCPX Category Low Category High DTCPX % Rank
Net Income Ratio 1.41% -1.27% 4.98% 36.17%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DTCPX - Fund Manager Analysis

Managers

David Plecha


Start Date

Tenure

Tenure Rank

May 20, 2015

7.04

7.0%

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

May 20, 2015

7.04

7.0%

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.

Alexander Fridman


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Mr. Fridman is a Vice President and Portfolio Manager of the Dimensional Fund Advisors LP. Mr. Fridman holds an MBA from the University of Cambridge, a doctorate from Saint Petersburg State Polytechnical University, two MS degrees from the University of Southern California, and a BS from the University of California-Los Angeles. Mr. Fridman joined the Dimensional and has been a portfolio manager since 2013.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.19 2.41