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Trending ETFs

Name

As of 03/27/2024

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

$9.62

$128 M

3.93%

$0.38

0.22%

Vitals

YTD Return

0.3%

1 yr return

4.0%

3 Yr Avg Return

2.8%

5 Yr Avg Return

2.3%

Net Assets

$128 M

Holdings in Top 10

34.8%

52 WEEK LOW AND HIGH

$9.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 186.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$9.62

$128 M

3.93%

$0.38

0.22%

DFCFX - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 2.8%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.00%
DIVIDENDS
  • Dividend Yield 3.9%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    DFA TWO-YEAR FIXED INCOME PORTFOLIO
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Jul 01, 1996
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Plecha

Fund Description

The Two-Year Portfolio seeks to maximize total returns from a universe of high quality, U.S. issued, dollar-denominated fixed income securities maturing in three years or less from the date of settlement. The Portfolio may invest in U.S. government obligations, U.S. government agency obligations, dollar-denominated obligations of foreign issuers issued in the U.S., securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the U.S., foreign government and agency obligations, bank obligations, including U.S. subsidiaries and branches of foreign banks, corporate obligations, commercial paper, repurchase agreements, money market funds and obligations of supranational organizations. 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, 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 Portfolio principally invests in certificates of deposit, commercial paper, bankers’ acceptances, notes and bonds. The fixed income securities in which the Portfolio invests are considered investment grade at the time of purchase (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”)). 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 Portfolio will invest at least 80% of its net assets in fixed income securities that mature within two years from the date of settlement.

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

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DFCFX - Performance

Return Ranking - Trailing

Period DFCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -0.5% 2.9% 68.66%
1 Yr 4.0% 0.0% 14.5% 86.11%
3 Yr 2.8%* -1.8% 5.7% 7.77%
5 Yr 2.3%* -0.8% 4.3% 22.46%
10 Yr 1.6%* -4.5% 27.5% 43.48%

* Annualized

Return Ranking - Calendar

Period DFCFX Return Category Return Low Category Return High Rank in Category (%)
2023 1.4% -2.3% 4.3% 44.24%
2022 -4.5% -6.5% 0.5% 93.33%
2021 -0.4% -2.1% 0.3% 44.61%
2020 -0.1% -3.1% 1.8% 75.38%
2019 0.4% -1.2% 6.1% 57.07%

Total Return Ranking - Trailing

Period DFCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -0.5% 2.9% 68.66%
1 Yr 4.0% 0.0% 14.5% 86.11%
3 Yr 2.8%* -1.8% 5.7% 7.77%
5 Yr 2.3%* -0.8% 4.3% 22.46%
10 Yr 1.6%* -4.5% 27.5% 43.48%

* Annualized

Total Return Ranking - Calendar

Period DFCFX Return Category Return Low Category Return High Rank in Category (%)
2023 4.9% 0.8% 12.1% 87.56%
2022 -3.3% -5.1% 2.5% 97.14%
2021 6.9% -2.1% 14.5% 0.98%
2020 0.6% -1.0% 3.6% 92.31%
2019 2.6% 0.3% 9.6% 67.39%

NAV & Total Return History


DFCFX - Holdings

Concentration Analysis

DFCFX Category Low Category High DFCFX % Rank
Net Assets 128 M 25.4 K 22.5 B 84.62%
Number of Holdings 103 2 1304 81.90%
Net Assets in Top 10 45.4 M 32.5 K 18.4 B 76.47%
Weighting of Top 10 34.81% 6.0% 168.1% 23.53%

Top 10 Holdings

  1. U.S. Treasury Floating Rate Notes 7.02%
  2. U.S. Treasury Floating Rate Notes 5.68%
  3. U.S. Treasury Floating Rate Notes 4.79%
  4. Equinor ASA 2.71%
  5. Erste Abwicklungsanstalt 2.71%
  6. National Securities Clearing Corp. 2.69%
  7. Kommunekredit 2.43%
  8. Province of Ontario 2.28%
  9. Caisse d'Amortissement de la Dette Sociale 2.28%
  10. Svenska Handelsbanken AB 2.22%

Asset Allocation

Weighting Return Low Return High DFCFX % Rank
Bonds
70.98% 0.00% 122.45% 66.52%
Cash
29.47% 0.00% 109.89% 10.41%
Stocks
0.24% 0.00% 97.29% 16.74%
Preferred Stocks
0.00% 0.00% 0.00% 62.90%
Other
0.00% -29.59% 99.92% 85.07%
Convertible Bonds
0.00% 0.00% 15.25% 93.18%

Stock Sector Breakdown

Weighting Return Low Return High DFCFX % Rank
Utilities
0.00% 0.00% 0.87% N/A
Technology
0.00% 0.00% 32.06% N/A
Real Estate
0.00% 0.00% 0.00% N/A
Industrials
0.00% 0.00% 2.85% N/A
Healthcare
0.00% 0.00% 4.23% N/A
Financial Services
0.00% 0.00% 99.34% N/A
Energy
0.00% 0.00% 100.00% N/A
Communication Services
0.00% 0.00% 11.28% N/A
Consumer Defense
0.00% 0.00% 4.16% N/A
Consumer Cyclical
0.00% 0.00% 11.26% N/A
Basic Materials
0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High DFCFX % Rank
US
0.24% 0.00% 97.29% 16.74%
Non US
0.00% 0.00% 0.00% 63.80%

Bond Sector Breakdown

Weighting Return Low Return High DFCFX % Rank
Government
86.56% 0.00% 100.00% 3.18%
Cash & Equivalents
29.47% 0.00% 109.89% 10.41%
Corporate
11.33% 0.00% 99.91% 76.82%
Derivative
0.00% -29.59% 30.99% 50.23%
Securitized
0.00% 0.00% 100.00% 92.73%
Municipal
0.00% 0.00% 70.39% 81.36%

Bond Geographic Breakdown

Weighting Return Low Return High DFCFX % Rank
US
70.98% 0.00% 122.45% 66.06%
Non US
0.00% 0.00% 22.24% 70.59%

DFCFX - Expenses

Operational Fees

DFCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.22% 0.02% 28.11% 88.13%
Management Fee 0.14% 0.00% 1.19% 6.33%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% 3.49%

Sales Fees

DFCFX 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

DFCFX 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.

DFCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 186.00% 0.00% 369.54% 94.62%

DFCFX - Distributions

Dividend Yield Analysis

DFCFX Category Low Category High DFCFX % Rank
Dividend Yield 3.93% 0.00% 7.89% 86.43%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DFCFX Category Low Category High DFCFX % Rank
Net Income Ratio 0.00% -1.30% 14.86% 88.26%

Capital Gain Distribution Analysis

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

Distributions History

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DFCFX - 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.

Ryan Haselton


Start Date

Tenure

Tenure Rank

Feb 28, 2021

1.25

1.3%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 32.44 6.56 0.13