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Name

As of 04/12/2024

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 TWO-YEAR GOVERNMENT PORTFOLIO

DFYGX | Fund

$9.53

$137 M

5.08%

$0.48

0.17%

Vitals

YTD Return

1.5%

1 yr return

5.3%

3 Yr Avg Return

5.8%

5 Yr Avg Return

3.8%

Net Assets

$137 M

Holdings in Top 10

82.7%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.17%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 108.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/12/2024

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 TWO-YEAR GOVERNMENT PORTFOLIO

DFYGX | Fund

$9.53

$137 M

5.08%

$0.48

0.17%

DFYGX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.08%
DIVIDENDS
  • Dividend Yield 5.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    DFA TWO-YEAR GOVERNMENT PORTFOLIO
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Jul 03, 1996
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Plecha

Fund Description

The Two-Year Government Portfolio seeks to maximize total returns from a universe of obligations of the U.S. Government and its agencies maturing in three years or less from the date of settlement. The weighted average maturity of the Portfolio’s investments will not exceed two years. In making purchase decisions, if the expected term premium is greater for longer-term securities in the eligible maturity range, Dimensional Fund Advisors LP (the “Advisor”) will focus investment in the longer-term area, otherwise, the Portfolio will focus investment in the shorter-term area of the eligible maturity range. The credit quality of the securities purchased by the Portfolio will be that of the U.S. Government or its agencies. The Portfolio also may enter into repurchase agreements backed by U.S. government securities. The Portfolio may also invest in money market funds. 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 instrumentalities.

As a non-fundamental policy, under normal circumstances, the Two-Year Government Portfolio will invest at least 80% of its net assets in government securities that mature within two years from the date of settlement.

The Two-Year Government Portfolio may invest in futures contracts and options on futures contracts. The Portfolio may use fixed income related futures and options contracts, swaps and other types of derivatives to hedge against changes in interest rates. To the extent that it invests in futures contracts and options thereon for other than bona fide hedging purposes, it will not purchase futures contracts or options thereon, if, as a result, more than 5% of its net assets would then consist of initial margin deposits and premiums required to establish such positions. 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.

The Two-Year Government Portfolio may lend its portfolio securities to generate additional income.

Read More

DFYGX - Performance

Return Ranking - Trailing

Period DFYGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -1.3% 3.1% 67.74%
1 Yr 5.3% -0.9% 12.7% 74.07%
3 Yr 5.8%* -2.1% 5.8% 0.49%
5 Yr 3.8%* -1.0% 3.9% 1.60%
10 Yr 2.2%* -4.5% 27.5% 5.98%

* Annualized

Return Ranking - Calendar

Period DFYGX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -2.3% 4.3% 26.27%
2022 -4.1% -6.5% 0.5% 89.05%
2021 -0.5% -2.1% 0.3% 60.78%
2020 0.1% -3.1% 1.8% 58.97%
2019 0.3% -1.2% 6.1% 67.93%

Total Return Ranking - Trailing

Period DFYGX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -1.3% 3.1% 67.74%
1 Yr 5.3% -0.9% 12.7% 74.07%
3 Yr 5.8%* -2.1% 5.8% 0.49%
5 Yr 3.8%* -1.0% 3.9% 1.60%
10 Yr 2.2%* -4.5% 27.5% 5.98%

* Annualized

Total Return Ranking - Calendar

Period DFYGX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% 0.8% 12.1% 83.87%
2022 -3.0% -5.1% 2.5% 94.76%
2021 14.5% -2.1% 14.5% 0.49%
2020 0.4% -1.0% 3.6% 95.38%
2019 2.2% 0.3% 9.6% 82.61%

NAV & Total Return History

DFYGX - Holdings

Concentration Analysis

DFYGX Category Low Category High DFYGX % Rank
Net Assets 137 M 25.6 K 22.6 B 83.26%
Number of Holdings 20 2 1291 93.67%
Net Assets in Top 10 113 M 32.5 K 18.4 B 59.28%
Weighting of Top 10 82.65% 5.6% 163.3% 7.69%

Top 10 Holdings

  1. U.S. Treasury Bills 10.35%
  2. U.S. Treasury Floating Rate Notes 10.10%
  3. U.S. Treasury Floating Rate Notes 10.10%
  4. U.S. Treasury Floating Rate Notes 9.80%
  5. U.S. Treasury Floating Rate Notes 9.62%
  6. U.S. Treasury Bills - WI Post Auction 8.19%
  7. U.S. Treasury Bills 8.00%
  8. U.S. Treasury Bills 7.57%
  9. U.S. Cash Management Bills - Reopening 4.76%
  10. U.S. Cash Management Bills - Reopening 4.17%

Asset Allocation

Weighting Return Low Return High DFYGX % Rank
Bonds 		88.87% 0.00% 128.16% 35.29%
Cash 		11.13% 0.00% 109.89% 26.70%
Stocks 		0.00% 0.00% 97.29% 63.80%
Preferred Stocks 		0.00% 0.00% 0.00% 56.56%
Other 		0.00% -29.59% 99.92% 79.64%
Convertible Bonds 		0.00% 0.00% 15.25% 90.45%

Bond Sector Breakdown

Weighting Return Low Return High DFYGX % Rank
Government 		99.29% 0.00% 100.00% 1.82%
Cash & Equivalents 		11.13% 0.00% 109.89% 26.24%
Derivative 		0.00% -29.59% 21.59% 45.70%
Securitized 		0.00% 0.00% 100.00% 90.91%
Corporate 		0.00% 0.00% 99.91% 95.00%
Municipal 		0.00% 0.00% 70.39% 77.73%

Bond Geographic Breakdown

Weighting Return Low Return High DFYGX % Rank
US 		88.87% 0.00% 128.16% 35.29%
Non US 		0.00% 0.00% 22.24% 63.80%

DFYGX - Expenses

Operational Fees

DFYGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.17% 0.02% 28.11% 92.69%
Management Fee 0.10% 0.00% 1.19% 4.07%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% 3.77%

Sales Fees

DFYGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.25% 1.00% N/A

Trading Fees

DFYGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 1.00% 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.

DFYGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 108.00% 0.00% 369.54% 81.18%

DFYGX - Distributions

Dividend Yield Analysis

DFYGX Category Low Category High DFYGX % Rank
Dividend Yield 5.08% 0.00% 8.10% 81.45%

Dividend Distribution Analysis

DFYGX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

DFYGX Category Low Category High DFYGX % Rank
Net Income Ratio -0.08% -1.30% 14.86% 93.90%

Capital Gain Distribution Analysis

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

Distributions History

View More +

DFYGX - Fund Manager Analysis

Managers

David Plecha

Start Date

Tenure

Tenure Rank

Jun 06, 1996

26.0

26.0%

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

Feb 28, 2012

10.26

10.3%

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
0.08 32.44 6.56 7.92

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