GLOBAL ALLOCATION 60/40 PORTFOLIO
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.1%
1 yr return
13.7%
3 Yr Avg Return
2.9%
5 Yr Avg Return
7.1%
Net Assets
$3.8 B
Holdings in Top 10
98.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.42%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DGSIX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 2.9%
- 5 Yr Annualized Total Return 7.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.18%
- Dividend Yield 0.6%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameGLOBAL ALLOCATION 60/40 PORTFOLIO
-
Fund Family NameDimensional Funds
-
Inception DateMay 07, 2004
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Plecha
Fund Description
The 60/40 Portfolio is a “fund of funds”, which means that the Portfolio generally allocates its assets among other funds managed by the Advisor, although it has the ability to invest directly in securities and derivatives. The Portfolio allocates its assets to Underlying Funds that invest in equity and fixed income securities. To achieve the Portfolio’s and the Underlying Funds’ investment objectives, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As further described below, the Portfolio’s and the Underlying Funds’ designs emphasize 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.
Generally, the Portfolio invests its assets in domestic and international equity Underlying Funds and fixed income Underlying Funds to achieve an allocation of approximately 40% to 80% (with a target allocation of approximately 60%) of the Portfolio’s assets to domestic and international equity Underlying Funds and 20% to 60% (with a target allocation of approximately 40%) of its assets to fixed income Underlying Funds. Periodically the Advisor will review the allocations for the Portfolio in each Underlying Fund and may adjust allocations to the Underlying Funds or may add or remove Underlying Funds in the Portfolio without notice to shareholders.
In addition to its allocation strategy of providing exposure to the domestic and international equity and fixed income markets through investment in the Underlying Funds, the 60/40 Portfolio further diversifies its investment portfolio by allocating its assets among Underlying Funds that represent a variety of different asset classes. As of February 28, 2024, the Portfolio invests in: (1) domestic equity Underlying Funds that purchase a broad and diverse portfolio of securities of U.S. operating companies of all market capitalization sizes with an emphasis on smaller capitalization, lower relative price, and higher profitability companies and a domestic equity Underlying Fund that primarily invests in publicly traded REITs; (2) international equity Underlying Funds that purchase a broad and diverse portfolio of securities of companies in developed and emerging markets of all market capitalization sizes with an emphasis on smaller capitalization, lower relative price, and higher profitability companies and an international equity Underlying Fund that primarily invests in publicly traded REITs and REIT-like entities; and (3) fixed income Underlying Funds that may purchase U.S. and foreign debt securities such as 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 and foreign issuers denominated in U.S. dollars but not trading in the United States, obligations of supranational organizations and inflation-protected securities.
The Advisor may also increase or reduce the 60/40 Portfolio’s and/or Underlying Funds’ 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 60/40 Portfolio and each Underlying Fund may purchase or sell futures contracts and options on futures contracts, to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Portfolio or Underlying Fund. Certain Underlying Funds may enter into foreign currency exchange transactions, including foreign currency forward contracts, in connection with the settlement of foreign securities, to hedge foreign currency risks, to hedge against fluctuations in currency exchange rates, or to transfer balances from one currency to another. Certain fixed income Underlying Funds also may enter into credit default swaps on issuers or indices to buy or sell credit protection to hedge credit exposure; gain market or issuer exposure without owning the underlying securities; or increase the Underlying Fund’s total return. Certain fixed income Underlying Funds also may purchase or sell futures contracts and options on futures contracts, to hedge interest rate or currency 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 Underlying Fund. Certain fixed income Underlying Funds may use derivatives to establish short positions for individual securities, markets, or currencies, in order to adjust the Underlying Fund’s duration or to replace more traditional direct investments. Also the Portfolio and Underlying Funds may lend their portfolio securities to generate additional income.
A summary of the investment strategies and policies of the Underlying Funds in which the 60/40 Portfolio invests as of the date of this Prospectus is described in the Portfolio’s Prospectus in the section entitled “ADDITIONAL INFORMATION ON INVESTMENT OBJECTIVES AND POLICIES—Investments in Underlying Funds.”
DGSIX - Performance
Return Ranking - Trailing
Period | DGSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -1.4% | 25.2% | 27.57% |
1 Yr | 13.7% | -7.8% | 45.2% | 30.52% |
3 Yr | 2.9%* | -6.8% | 7.7% | 26.79% |
5 Yr | 7.1%* | -4.1% | 14.3% | 31.16% |
10 Yr | 6.1%* | 0.5% | 10.6% | 42.37% |
* Annualized
Return Ranking - Calendar
Period | DGSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.6% | -12.2% | 23.9% | 65.96% |
2022 | -15.9% | -34.7% | 2.8% | 27.08% |
2021 | 8.1% | -11.9% | 18.1% | 34.27% |
2020 | 7.7% | -20.9% | 39.7% | 48.68% |
2019 | 15.1% | 0.8% | 25.7% | 35.04% |
Total Return Ranking - Trailing
Period | DGSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.1% | -1.4% | 25.2% | 27.57% |
1 Yr | 13.7% | -7.8% | 45.2% | 30.52% |
3 Yr | 2.9%* | -6.8% | 7.7% | 26.79% |
5 Yr | 7.1%* | -4.1% | 14.3% | 31.16% |
10 Yr | 6.1%* | 0.5% | 10.6% | 42.37% |
* Annualized
Total Return Ranking - Calendar
Period | DGSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.5% | -12.2% | 26.8% | 37.57% |
2022 | -12.1% | -29.0% | 10.9% | 25.07% |
2021 | 13.5% | -3.0% | 24.2% | 46.59% |
2020 | 11.6% | -19.5% | 40.6% | 59.72% |
2019 | 18.2% | 4.4% | 32.7% | 71.36% |
NAV & Total Return History
DGSIX - Holdings
Concentration Analysis
DGSIX | Category Low | Category High | DGSIX % Rank | |
---|---|---|---|---|
Net Assets | 3.8 B | 789 K | 217 B | 22.58% |
Number of Holdings | 13 | 2 | 15716 | 84.10% |
Net Assets in Top 10 | 3.65 B | 618 K | 62.8 B | 15.34% |
Weighting of Top 10 | 98.64% | 11.4% | 121.1% | 13.95% |
Top 10 Holdings
- DFA U.S. Core Equity 2 Portfolio 31.68%
- DFA Selectively Hedged Global Fixed Income Portfolio 14.81%
- DFA International Core Equity Portfolio 11.83%
- DFA U.S. Core Equity 1 Portfolio 10.66%
- DFA Short-Term Extended Quality Portfolio 9.80%
- DFA Global Core Plus Fixed Income Portfolio 5.15%
- DFA Five-Year Global Fixed Income Portfolio 4.88%
- DFA Emerging Markets Core Equity Portfolio 4.76%
- DFA World ex U.S. Government Fixed Income Portfolio 2.57%
- DFA Inflation-Protected Securities Portfolio 2.49%
Asset Allocation
Weighting | Return Low | Return High | DGSIX % Rank | |
---|---|---|---|---|
Stocks | 99.96% | 0.00% | 103.09% | 8.23% |
Convertible Bonds | 1.58% | 0.00% | 23.84% | 13.20% |
Cash | 0.04% | -10.21% | 100.00% | 88.01% |
Preferred Stocks | 0.00% | 0.00% | 23.88% | 78.94% |
Other | 0.00% | -42.80% | 117.44% | 80.33% |
Bonds | 0.00% | 0.00% | 77.27% | 87.31% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DGSIX % Rank | |
---|---|---|---|---|
Technology | 17.85% | 0.00% | 44.21% | 60.99% |
Financial Services | 15.28% | 0.00% | 38.77% | 43.24% |
Industrials | 13.66% | 0.00% | 24.37% | 6.06% |
Consumer Cyclical | 11.11% | 0.00% | 19.36% | 29.30% |
Healthcare | 10.30% | 0.00% | 29.35% | 85.07% |
Consumer Defense | 7.18% | 0.00% | 15.14% | 37.32% |
Basic Materials | 6.55% | 0.00% | 33.35% | 7.18% |
Communication Services | 6.44% | 0.00% | 38.10% | 67.75% |
Energy | 5.38% | 0.00% | 85.65% | 39.58% |
Real Estate | 3.88% | 0.00% | 65.01% | 36.62% |
Utilities | 2.38% | 0.00% | 99.55% | 70.14% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DGSIX % Rank | |
---|---|---|---|---|
US | 99.96% | 0.00% | 103.09% | 8.23% |
Non US | 0.00% | 0.00% | 38.68% | 80.06% |
DGSIX - Expenses
Operational Fees
DGSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.42% | 0.03% | 17.63% | 93.20% |
Management Fee | 0.19% | 0.00% | 1.83% | 34.90% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.47% | 0.01% | 0.83% | 97.91% |
Sales Fees
DGSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DGSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 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.
DGSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 343.00% | N/A |
DGSIX - Distributions
Dividend Yield Analysis
DGSIX | Category Low | Category High | DGSIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.64% | 0.00% | 17.92% | 8.73% |
Dividend Distribution Analysis
DGSIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
DGSIX | Category Low | Category High | DGSIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.18% | -2.34% | 19.41% | 49.50% |
Capital Gain Distribution Analysis
DGSIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.033 | OrdinaryDividend |
Dec 14, 2023 | $0.835 | OrdinaryDividend |
Sep 29, 2023 | $0.118 | OrdinaryDividend |
Jun 30, 2023 | $0.084 | OrdinaryDividend |
Mar 31, 2023 | $0.025 | OrdinaryDividend |
Dec 15, 2022 | $0.644 | OrdinaryDividend |
Sep 30, 2022 | $0.098 | OrdinaryDividend |
Jun 30, 2022 | $0.081 | OrdinaryDividend |
Mar 31, 2022 | $0.021 | OrdinaryDividend |
Sep 30, 2021 | $0.073 | OrdinaryDividend |
Jun 30, 2021 | $0.071 | OrdinaryDividend |
Mar 31, 2021 | $0.030 | OrdinaryDividend |
Sep 30, 2020 | $0.048 | OrdinaryDividend |
Jun 30, 2020 | $0.059 | OrdinaryDividend |
Mar 31, 2020 | $0.056 | OrdinaryDividend |
Sep 30, 2019 | $0.064 | OrdinaryDividend |
Jun 28, 2019 | $0.083 | OrdinaryDividend |
Mar 29, 2019 | $0.036 | OrdinaryDividend |
Sep 28, 2018 | $0.073 | OrdinaryDividend |
Jun 29, 2018 | $0.080 | OrdinaryDividend |
Mar 29, 2018 | $0.015 | OrdinaryDividend |
Sep 29, 2017 | $0.057 | OrdinaryDividend |
Jun 30, 2017 | $0.081 | OrdinaryDividend |
Mar 31, 2017 | $0.043 | OrdinaryDividend |
Sep 30, 2016 | $0.041 | OrdinaryDividend |
Jun 30, 2016 | $0.080 | OrdinaryDividend |
Mar 31, 2016 | $0.054 | OrdinaryDividend |
Dec 17, 2015 | $0.130 | OrdinaryDividend |
Sep 10, 2015 | $0.053 | OrdinaryDividend |
Jun 09, 2015 | $0.054 | OrdinaryDividend |
Mar 10, 2015 | $0.054 | OrdinaryDividend |
Dec 17, 2014 | $0.145 | OrdinaryDividend |
Sep 10, 2014 | $0.051 | OrdinaryDividend |
Jun 10, 2014 | $0.081 | OrdinaryDividend |
Mar 11, 2014 | $0.034 | OrdinaryDividend |
Dec 13, 2013 | $0.113 | OrdinaryDividend |
Sep 11, 2013 | $0.045 | OrdinaryDividend |
Jun 11, 2013 | $0.075 | OrdinaryDividend |
Mar 11, 2013 | $0.018 | OrdinaryDividend |
Dec 18, 2012 | $0.142 | OrdinaryDividend |
Sep 13, 2012 | $0.049 | OrdinaryDividend |
Jun 13, 2012 | $0.079 | OrdinaryDividend |
Mar 13, 2012 | $0.003 | OrdinaryDividend |
Dec 16, 2011 | $0.144 | OrdinaryDividend |
Sep 13, 2011 | $0.060 | OrdinaryDividend |
Jun 13, 2011 | $0.067 | OrdinaryDividend |
Mar 11, 2011 | $0.034 | OrdinaryDividend |
Dec 14, 2010 | $0.115 | OrdinaryDividend |
Sep 13, 2010 | $0.042 | OrdinaryDividend |
Jun 11, 2010 | $0.064 | OrdinaryDividend |
Mar 12, 2010 | $0.022 | OrdinaryDividend |
Dec 14, 2009 | $0.064 | OrdinaryDividend |
Sep 14, 2009 | $0.050 | OrdinaryDividend |
Jun 12, 2009 | $0.054 | OrdinaryDividend |
Mar 13, 2009 | $0.017 | OrdinaryDividend |
Dec 15, 2008 | $0.630 | OrdinaryDividend |
Sep 12, 2008 | $0.047 | OrdinaryDividend |
Jun 13, 2008 | $0.062 | OrdinaryDividend |
Mar 13, 2008 | $0.018 | OrdinaryDividend |
Dec 24, 2007 | $0.121 | OrdinaryDividend |
Sep 13, 2007 | $0.128 | OrdinaryDividend |
Jun 13, 2007 | $0.046 | OrdinaryDividend |
Mar 13, 2007 | $0.002 | OrdinaryDividend |
Dec 21, 2006 | $0.100 | OrdinaryDividend |
Sep 08, 2006 | $0.014 | OrdinaryDividend |
Jun 08, 2006 | $0.034 | OrdinaryDividend |
Mar 15, 2006 | $0.004 | OrdinaryDividend |
Dec 27, 2005 | $0.172 | OrdinaryDividend |
Sep 15, 2005 | $0.040 | OrdinaryDividend |
Jun 15, 2005 | $0.050 | OrdinaryDividend |
Mar 15, 2005 | $0.031 | OrdinaryDividend |
Dec 27, 2004 | $0.053 | OrdinaryDividend |
Sep 15, 2004 | $0.039 | OrdinaryDividend |
Jun 15, 2004 | $0.047 | OrdinaryDividend |
Mar 16, 2004 | $0.019 | OrdinaryDividend |
DGSIX - Fund Manager Analysis
Managers
David Plecha
Start Date
Tenure
Tenure Rank
Dec 24, 2003
18.45
18.5%
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.
Jed Fogdall
Start Date
Tenure
Tenure Rank
Dec 31, 2010
11.42
11.4%
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.
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.
Mary Phillips
Start Date
Tenure
Tenure Rank
Feb 28, 2017
5.25
5.3%
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.
Allen Pu
Start Date
Tenure
Tenure Rank
Feb 28, 2017
5.25
5.3%
Allen Pu is Deputy Head of Portfolio Management, North America, a member of the Investment Commit- tee, Vice President and a Senior Portfolio Manager of the Sub-Adviser. Mr. Pu joined Dimensional as a Portfolio Manager in 2006. Mr. Pu has an M.B.A. from the University of California, Los Angeles, an M.S. and Ph.D. from Caltech, and a B.S. from Cooper Union for the Advancement of Science and Art.
Ashish Bhagwanjee
Start Date
Tenure
Tenure Rank
Feb 28, 2021
1.25
1.3%
Mr. Bhagwanjee is a Vice President and Senior Portfolio Manager of the Dimensional Fund Advisors LP. Mr. Bhagwanjee holds an MBA from the University of Chicago and a BS from Purdue University. Mr. Bhagwanjee joined the Dimensional in 2014, has been a portfolio manager since 2017.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.32 | 2.41 |