U.S. VECTOR EQUITY PORTFOLIO
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.9%
1 yr return
26.4%
3 Yr Avg Return
5.7%
5 Yr Avg Return
10.5%
Net Assets
$4.81 B
Holdings in Top 10
14.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.28%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 10.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFVEX - Profile
Distributions
- YTD Total Return 4.9%
- 3 Yr Annualized Total Return 5.7%
- 5 Yr Annualized Total Return 10.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.31%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameU.S. VECTOR EQUITY PORTFOLIO
-
Fund Family NameDimensional Funds
-
Inception DateJan 31, 2006
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
To achieve the U.S. Vector Equity Portfolio’s investment objective, Dimensional Fund Advisors LP (the “Advisor”) implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As further described below, the Portfolio’s design emphasizes 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 U.S. Vector Equity Portfolio is designed to purchase a broad and diverse group of equity securities of U.S. operating companies. The Portfolio invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price and higher profitability companies as compared to their representation in the U.S.
Universe. The Advisor generally defines the U.S. Universe as a market capitalization weighted set (e.g., the larger the company, the greater the proportion of the U.S. Universe it represents) of U.S. operating companies listed on a securities exchange in the United States that is deemed appropriate by the Advisor. The Portfolio’s increased exposure to smaller capitalization, lower relative price and higher profitability companies may be achieved by decreasing the allocation of the Portfolio’s assets to larger capitalization, higher relative price, or lower profitability companies relative to their weight in the U.S. Universe or by avoiding purchases in that segment of the market. An equity issuer is considered to have a high relative price (i.e., a growth stock) primarily because it has a high price in relation to its book value. An equity issuer is considered to have a low relative price (i.e., a value stock) primarily because it has a low price in relation to its book value. In assessing relative price, the Advisor may consider additional factors such as price to cash flow or price to earnings ratios. An equity issuer is considered to have high profitability because it has high earnings or profits from operations in relation to its book value or assets. The criteria the Advisor uses for assessing relative price and profitability are subject to change from time to time.
As a non-fundamental policy, under normal circumstances, the U.S. Vector Equity Portfolio will invest at least 80% of its net assets in equity securities of U.S. companies. The percentage allocation of the assets of the Portfolio to securities of the largest U.S. high relative price companies will generally be reduced from between 5% and 50% of their percentage weight in the U.S. Universe. For example, as of December 31, 2023, securities of the largest U.S. high relative price companies comprised 49% of the U.S. Universe and the Advisor allocated approximately 7% of the Portfolio to securities of the largest U.S. high relative price companies. The percentage by which the Portfolio’s allocation to securities of the largest U.S. high relative price companies is reduced will change due to market movements and other factors.
The Advisor may also increase or reduce the U.S. Vector Equity Portfolio’s 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 U.S. Vector Equity Portfolio also may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio.
The U.S. Vector Equity Portfolio may lend its portfolio securities to generate additional income.
DFVEX - Performance
Return Ranking - Trailing
Period | DFVEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | -4.0% | 11.4% | 29.46% |
1 Yr | 26.4% | -5.7% | 38.4% | 15.95% |
3 Yr | 5.7%* | -5.7% | 13.6% | 27.12% |
5 Yr | 10.5%* | -0.9% | 15.5% | 19.77% |
10 Yr | 9.0%* | 0.1% | 11.8% | 14.94% |
* Annualized
Return Ranking - Calendar
Period | DFVEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.5% | -11.3% | 33.3% | 20.22% |
2022 | -14.1% | -41.6% | 2.3% | 53.41% |
2021 | 19.9% | -41.5% | 44.9% | 48.91% |
2020 | 5.8% | -29.0% | 22.1% | 14.17% |
2019 | 22.3% | -8.1% | 31.2% | 47.56% |
Total Return Ranking - Trailing
Period | DFVEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.9% | -4.0% | 11.4% | 29.46% |
1 Yr | 26.4% | -5.7% | 38.4% | 15.95% |
3 Yr | 5.7%* | -5.7% | 13.6% | 27.12% |
5 Yr | 10.5%* | -0.9% | 15.5% | 19.77% |
10 Yr | 9.0%* | 0.1% | 11.8% | 14.94% |
* Annualized
Total Return Ranking - Calendar
Period | DFVEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.5% | -3.7% | 36.5% | 16.44% |
2022 | -9.9% | -35.0% | 2.4% | 71.66% |
2021 | 29.6% | 6.2% | 48.3% | 41.26% |
2020 | 7.5% | -22.9% | 23.2% | 15.83% |
2019 | 26.1% | -3.0% | 35.7% | 55.30% |
NAV & Total Return History
DFVEX - Holdings
Concentration Analysis
DFVEX | Category Low | Category High | DFVEX % Rank | |
---|---|---|---|---|
Net Assets | 4.81 B | 991 K | 28 B | 16.67% |
Number of Holdings | 2449 | 8 | 2449 | 0.27% |
Net Assets in Top 10 | 679 M | 250 K | 4.28 B | 22.04% |
Weighting of Top 10 | 14.71% | 5.0% | 104.2% | 80.11% |
Top 10 Holdings
- DFA Short Term Investment Fund 3.80%
- DFA Investment Trust Co. 3.72%
- Exxon Mobil Corp. 1.10%
- Amazon.com, Inc. 1.06%
- JPMorgan Chase Co. 1.03%
- State Street Institutional US Government Money Market Fund 0.99%
- Meta Platforms, Inc. 0.98%
- Berkshire Hathaway, Inc. 0.92%
- Chevron Corp. 0.59%
- Alphabet, Inc. 0.54%
Asset Allocation
Weighting | Return Low | Return High | DFVEX % Rank | |
---|---|---|---|---|
Stocks | 102.65% | 56.38% | 102.65% | 0.27% |
Cash | 4.79% | 0.00% | 43.98% | 8.87% |
Preferred Stocks | 0.02% | 0.00% | 5.43% | 6.72% |
Convertible Bonds | 0.00% | 0.00% | 0.02% | 99.73% |
Bonds | 0.00% | 0.00% | 27.39% | 99.73% |
Other | 0.00% | -1.97% | 8.33% | 96.77% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DFVEX % Rank | |
---|---|---|---|---|
Financial Services | 21.64% | 0.00% | 60.11% | 19.73% |
Industrials | 16.28% | 0.00% | 29.02% | 47.57% |
Technology | 11.04% | 0.00% | 30.07% | 24.59% |
Consumer Cyclical | 10.87% | 0.00% | 29.62% | 53.51% |
Healthcare | 10.74% | 0.00% | 32.47% | 35.68% |
Energy | 9.06% | 0.00% | 29.17% | 23.24% |
Basic Materials | 6.43% | 0.00% | 23.88% | 38.65% |
Communication Services | 6.34% | 0.00% | 19.80% | 13.24% |
Consumer Defense | 5.84% | 0.00% | 33.79% | 46.22% |
Utilities | 1.14% | 0.00% | 24.69% | 88.38% |
Real Estate | 0.65% | 0.00% | 40.74% | 90.27% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DFVEX % Rank | |
---|---|---|---|---|
US | 102.65% | 56.38% | 102.65% | 0.27% |
Non US | 0.00% | 0.00% | 34.45% | 100.00% |
DFVEX - Expenses
Operational Fees
DFVEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.28% | 0.01% | 16.92% | 95.70% |
Management Fee | 0.25% | 0.00% | 1.20% | 4.30% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | 100.00% |
Sales Fees
DFVEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
DFVEX 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.
DFVEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 10.00% | 0.00% | 227.00% | 1.48% |
DFVEX - Distributions
Dividend Yield Analysis
DFVEX | Category Low | Category High | DFVEX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.33% | 0.00% | 23.25% | 31.81% |
Dividend Distribution Analysis
DFVEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
DFVEX | Category Low | Category High | DFVEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.31% | -1.84% | 4.73% | 20.33% |
Capital Gain Distribution Analysis
DFVEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.083 | OrdinaryDividend |
Dec 14, 2023 | $0.554 | OrdinaryDividend |
Sep 29, 2023 | $0.083 | OrdinaryDividend |
Jun 30, 2023 | $0.088 | OrdinaryDividend |
Mar 31, 2023 | $0.083 | OrdinaryDividend |
Dec 15, 2022 | $0.813 | OrdinaryDividend |
Sep 30, 2022 | $0.089 | OrdinaryDividend |
Jun 30, 2022 | $0.087 | OrdinaryDividend |
Mar 31, 2022 | $0.066 | OrdinaryDividend |
Sep 30, 2021 | $0.088 | OrdinaryDividend |
Jun 30, 2021 | $0.071 | OrdinaryDividend |
Mar 31, 2021 | $0.064 | OrdinaryDividend |
Dec 17, 2020 | $0.072 | OrdinaryDividend |
Sep 30, 2020 | $0.059 | OrdinaryDividend |
Jun 30, 2020 | $0.065 | OrdinaryDividend |
Mar 31, 2020 | $0.068 | OrdinaryDividend |
Sep 30, 2019 | $0.065 | OrdinaryDividend |
Jun 28, 2019 | $0.067 | OrdinaryDividend |
Mar 29, 2019 | $0.060 | OrdinaryDividend |
Sep 28, 2018 | $0.068 | OrdinaryDividend |
Jun 29, 2018 | $0.061 | OrdinaryDividend |
Mar 29, 2018 | $0.028 | OrdinaryDividend |
Sep 29, 2017 | $0.064 | OrdinaryDividend |
Jun 30, 2017 | $0.057 | OrdinaryDividend |
Mar 31, 2017 | $0.052 | OrdinaryDividend |
Sep 30, 2016 | $0.056 | OrdinaryDividend |
Jun 30, 2016 | $0.059 | OrdinaryDividend |
Mar 31, 2016 | $0.064 | OrdinaryDividend |
Sep 10, 2015 | $0.060 | OrdinaryDividend |
Jun 09, 2015 | $0.058 | OrdinaryDividend |
Mar 10, 2015 | $0.044 | OrdinaryDividend |
Sep 10, 2014 | $0.052 | OrdinaryDividend |
Jun 10, 2014 | $0.053 | OrdinaryDividend |
Mar 11, 2014 | $0.029 | OrdinaryDividend |
Sep 11, 2013 | $0.044 | OrdinaryDividend |
Jun 11, 2013 | $0.044 | OrdinaryDividend |
Mar 11, 2013 | $0.019 | OrdinaryDividend |
Sep 13, 2012 | $0.036 | OrdinaryDividend |
Jun 13, 2012 | $0.047 | OrdinaryDividend |
Mar 13, 2012 | $0.012 | OrdinaryDividend |
Dec 16, 2011 | $0.056 | OrdinaryDividend |
Sep 13, 2011 | $0.029 | OrdinaryDividend |
Jun 13, 2011 | $0.026 | OrdinaryDividend |
Mar 11, 2011 | $0.012 | OrdinaryDividend |
Dec 14, 2010 | $0.051 | OrdinaryDividend |
Sep 13, 2010 | $0.031 | OrdinaryDividend |
Jun 11, 2010 | $0.019 | OrdinaryDividend |
Mar 12, 2010 | $0.012 | OrdinaryDividend |
Dec 14, 2009 | $0.035 | OrdinaryDividend |
Sep 14, 2009 | $0.022 | OrdinaryDividend |
Jun 12, 2009 | $0.024 | OrdinaryDividend |
Mar 13, 2009 | $0.021 | OrdinaryDividend |
Dec 15, 2008 | $0.063 | OrdinaryDividend |
Oct 30, 2008 | $0.028 | OrdinaryDividend |
Sep 12, 2008 | $0.040 | OrdinaryDividend |
Jun 13, 2008 | $0.036 | OrdinaryDividend |
Mar 13, 2008 | $0.026 | OrdinaryDividend |
Dec 24, 2007 | $0.053 | OrdinaryDividend |
Sep 13, 2007 | $0.037 | OrdinaryDividend |
Jun 13, 2007 | $0.035 | OrdinaryDividend |
Mar 13, 2007 | $0.020 | OrdinaryDividend |
Dec 21, 2006 | $0.047 | OrdinaryDividend |
Sep 08, 2006 | $0.024 | OrdinaryDividend |
Jun 08, 2006 | $0.029 | OrdinaryDividend |
Mar 15, 2006 | $0.015 | OrdinaryDividend |
DFVEX - Fund Manager Analysis
Managers
Jed Fogdall
Start Date
Tenure
Tenure Rank
Feb 28, 2012
10.26
10.3%
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.
John Hertzer
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
Mr. Hertzer joined DFA in 2013. Mr. Hertzer began his investment career in 2004 and earned a B.A. from Dartmouth College and an M.B.A. from the University of California Los Angeles.
Mary Phillips
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.59 | 8.28 | 10.92 |