Emerging Markets Targeted Value Portfolio
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.3%
1 yr return
18.7%
3 Yr Avg Return
3.4%
5 Yr Avg Return
7.8%
Net Assets
$260 M
Holdings in Top 10
4.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.67%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 29.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DEMGX - Profile
Distributions
- YTD Total Return 9.3%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 7.8%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.19%
- Dividend Yield 3.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameEmerging Markets Targeted Value Portfolio
-
Fund Family NameDimensional Funds
-
Inception DateNov 14, 2018
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
To achieve the Emerging Markets Targeted Value Portfolio’s investment objective, 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 Emerging Markets Targeted Value Portfolio is designed to provide exposure to a broad and diverse portfolio of securities, with a focus on small and mid-cap value companies with higher profitability associated with emerging markets, which may include frontier markets (emerging market countries in an earlier stage of development), authorized for investment by the Advisor’s Investment Committee (“Approved Markets”). The Advisor determines size based primarily on market capitalization. A company’s market capitalization is the number of its shares outstanding times its price per share. 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. The Portfolio may emphasize certain stocks, including smaller capitalization companies, lower relative price stocks, and/or higher profitability stocks as compared to their representation in the small- and mid-cap value segments of the Approved Markets in which the Portfolio is authorized to invest. 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 Emerging Markets Targeted Value Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the Prospectus as Approved Market securities.
The Advisor may also increase or reduce the Emerging Markets Targeted Value 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 Emerging Markets Targeted Value Portfolio may gain exposure to companies associated with Approved Markets by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer’s domicile country. The Portfolio may also invest in China A-shares (equity securities of companies listed in China) and variable interest entities (special structures that utilize contractual arrangements to provide exposure to certain Chinese companies). The Portfolio may purchase or sell futures contracts and options on futures contracts for Approved Market or other equity market securities and indices, including those of the United States, to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio. Because many of the Portfolio’s investments may be denominated in foreign currencies, the Portfolio may enter into foreign currency exchange transactions, including foreign currency forward contracts, in connection with the settlement of foreign securities or to transfer cash balances from one currency to another currency.
The Emerging Markets Targeted Value Portfolio may lend its portfolio securities to generate additional income.
DEMGX - Performance
Return Ranking - Trailing
Period | DEMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.3% | -12.2% | 31.6% | 58.39% |
1 Yr | 18.7% | -5.3% | 42.4% | 53.17% |
3 Yr | 3.4%* | -13.4% | 12.0% | 6.88% |
5 Yr | 7.8%* | -5.3% | 11.5% | 7.44% |
10 Yr | N/A* | -2.1% | 6.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | DEMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.2% | -6.5% | 35.5% | 26.69% |
2022 | -16.5% | -50.1% | -2.4% | 8.12% |
2021 | 3.1% | -33.1% | 22.5% | 16.26% |
2020 | 6.1% | -22.1% | 80.1% | 88.62% |
2019 | 7.6% | -0.7% | 42.0% | 95.52% |
Total Return Ranking - Trailing
Period | DEMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.3% | -12.2% | 31.6% | 58.39% |
1 Yr | 18.7% | -5.3% | 42.4% | 53.17% |
3 Yr | 3.4%* | -13.4% | 12.0% | 6.88% |
5 Yr | 7.8%* | -5.3% | 11.5% | 7.44% |
10 Yr | N/A* | -2.1% | 6.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DEMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.2% | -2.7% | 42.0% | 15.45% |
2022 | -13.0% | -42.2% | 1.9% | 6.67% |
2021 | 14.6% | -32.5% | 33.1% | 6.44% |
2020 | 8.5% | -20.0% | 81.6% | 88.30% |
2019 | 11.1% | 2.3% | 42.0% | 96.68% |
NAV & Total Return History
DEMGX - Holdings
Concentration Analysis
DEMGX | Category Low | Category High | DEMGX % Rank | |
---|---|---|---|---|
Net Assets | 260 M | 682 K | 103 B | 61.85% |
Number of Holdings | 3364 | 9 | 7534 | 1.82% |
Net Assets in Top 10 | 11.3 M | 290 K | 23.8 B | 87.10% |
Weighting of Top 10 | 4.33% | 2.9% | 101.1% | 99.86% |
Top 10 Holdings
- Emaar Properties PJSC 0.62%
- Shriram Finance Ltd. 0.59%
- Tata Consumer Products Ltd. 0.46%
- Power Finance Corp. Ltd. 0.40%
- DFA Investment Trust Co. 0.39%
- Cemex SAB de CV 0.39%
- Geely Automobile Holdings Ltd. 0.38%
- Etihad Etisalat Co. 0.37%
- Wuxi Biologics Cayman, Inc. 0.37%
- DFA Short Term Investment Fund 0.36%
Asset Allocation
Weighting | Return Low | Return High | DEMGX % Rank | |
---|---|---|---|---|
Stocks | 99.68% | 0.00% | 107.82% | 8.84% |
Preferred Stocks | 0.43% | 0.00% | 13.31% | 50.49% |
Cash | 0.36% | -2.03% | 98.08% | 87.24% |
Other | 0.06% | -1.11% | 26.93% | 16.83% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 11.44% |
Bonds | 0.00% | 0.00% | 88.10% | 20.90% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DEMGX % Rank | |
---|---|---|---|---|
Industrials | 17.24% | 0.00% | 43.53% | 2.84% |
Financial Services | 17.06% | 0.00% | 48.86% | 76.99% |
Basic Materials | 15.32% | 0.00% | 30.03% | 3.27% |
Technology | 11.75% | 0.00% | 47.50% | 93.61% |
Consumer Cyclical | 11.22% | 0.00% | 48.94% | 62.64% |
Real Estate | 6.37% | 0.00% | 17.15% | 5.40% |
Consumer Defense | 5.53% | 0.00% | 25.90% | 65.77% |
Healthcare | 5.52% | 0.00% | 16.53% | 26.42% |
Communication Services | 3.90% | 0.00% | 39.29% | 88.07% |
Energy | 3.71% | 0.00% | 24.80% | 55.97% |
Utilities | 2.38% | 0.00% | 39.12% | 32.10% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DEMGX % Rank | |
---|---|---|---|---|
Non US | 97.02% | 0.00% | 100.18% | 3.37% |
US | 2.67% | 0.00% | 100.95% | 85.55% |
DEMGX - Expenses
Operational Fees
DEMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.67% | 0.03% | 29.98% | 88.33% |
Management Fee | 0.52% | 0.00% | 2.00% | 13.34% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | 0.35% |
Sales Fees
DEMGX 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% | 5.00% | N/A |
Trading Fees
DEMGX 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.
DEMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 29.00% | 0.00% | 189.00% | 23.79% |
DEMGX - Distributions
Dividend Yield Analysis
DEMGX | Category Low | Category High | DEMGX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.22% | 0.00% | 9.74% | 4.77% |
Dividend Distribution Analysis
DEMGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
DEMGX | Category Low | Category High | DEMGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.19% | -1.98% | 17.62% | 13.10% |
Capital Gain Distribution Analysis
DEMGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 13, 2023 | $0.392 | OrdinaryDividend |
Dec 13, 2023 | $0.025 | CapitalGainShortTerm |
Dec 13, 2023 | $0.154 | CapitalGainLongTerm |
Dec 14, 2022 | $0.422 | OrdinaryDividend |
Dec 15, 2021 | $1.291 | OrdinaryDividend |
Dec 16, 2020 | $0.256 | OrdinaryDividend |
Dec 17, 2019 | $0.229 | OrdinaryDividend |
Dec 17, 2019 | $0.112 | CapitalGainShortTerm |
Dec 17, 2019 | $0.002 | CapitalGainLongTerm |
Dec 18, 2018 | $0.008 | OrdinaryDividend |
DEMGX - Fund Manager Analysis
Managers
Jed Fogdall
Start Date
Tenure
Tenure Rank
Nov 14, 2018
3.55
3.6%
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.
Bhanu Singh
Start Date
Tenure
Tenure Rank
Nov 14, 2018
3.55
3.6%
Bhanu P. Singh is Vice President and a Senior Portfolio Manager of the Sub-Adviser. Mr. Singh joined Dimensional originally in 2003 and has been a portfolio manager since 2012. Mr. Singh has an M.B.A. from the University of Chicago Booth School of Business and a B.A. from the University of California, Los Angeles.
Allen Pu
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
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.
Ethan Wren
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Mr. Wren is a Vice President and Senior Portfolio Manager of the Dimensional Fund Advisors LP. Mr. Wren holds an MBA and an MPA from the University of Texas at Austin. Mr. Wren joined the Dimensional in 2010, has been a portfolio manager since 2018.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.66 | 13.42 |