EMERGING MARKETS SMALL CAP PORTFOLIO
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.2%
1 yr return
16.6%
3 Yr Avg Return
2.7%
5 Yr Avg Return
8.0%
Net Assets
$3.85 B
Holdings in Top 10
2.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.79%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 12.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DEMSX - Profile
Distributions
- YTD Total Return 9.2%
- 3 Yr Annualized Total Return 2.7%
- 5 Yr Annualized Total Return 8.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.10%
- Dividend Yield 5.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameEMERGING MARKETS SMALL CAP PORTFOLIO
-
Fund Family NameDimensional Funds
-
Inception DateDec 05, 2002
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
To achieve the Emerging Markets Small Cap 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 Small Cap Portfolio invests substantially all of its assets in the Emerging Markets Small Cap Series. The Series is designed to purchase a broad market coverage of smaller companies 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’s definition of small varies across countries and is based primarily on market capitalization. A company’s market capitalization is the number of its shares outstanding times its price per share. In each country authorized for investment, the Advisor first ranks eligible companies listed on selected exchanges based on the companies’ market capitalizations. The Advisor then defines the maximum market capitalization for a small company in that country. For example, based on market capitalization data as of December 31, 2023, Mexico had a size threshold of below $5,795 million, and Greece had a size threshold of below $2,073 million. These thresholds will change due to market conditions. The Series 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-cap segment of the Approved Markets in which the Series is authorized to invest. 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 Emerging Markets Small Cap Series will invest at least 80% of its net assets in emerging market investments that are designated in the Prospectus as Approved Market securities of small companies.
The Advisor may also increase or reduce the Emerging Markets Small Cap Series’ 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 Small Cap Series 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 Series 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 Series and the Emerging Markets Small Cap Portfolio each 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 Series or Portfolio. Because many of the Series’ and the Portfolio’s investments may be denominated in foreign currencies, the Series and 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 Small Cap Series may lend its portfolio securities to generate additional income.
DEMSX - Performance
Return Ranking - Trailing
Period | DEMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | -12.2% | 31.6% | 70.10% |
1 Yr | 16.6% | -5.3% | 42.4% | 70.66% |
3 Yr | 2.7%* | -13.4% | 12.0% | 10.40% |
5 Yr | 8.0%* | -5.3% | 11.5% | 7.12% |
10 Yr | 5.9%* | -2.1% | 6.6% | 6.52% |
* Annualized
Return Ranking - Calendar
Period | DEMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | -6.5% | 35.5% | 20.65% |
2022 | -19.0% | -50.1% | -2.4% | 13.48% |
2021 | 7.8% | -33.1% | 22.5% | 6.60% |
2020 | 11.1% | -22.1% | 80.1% | 72.12% |
2019 | 11.3% | -0.7% | 42.0% | 90.71% |
Total Return Ranking - Trailing
Period | DEMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | -12.2% | 31.6% | 70.10% |
1 Yr | 16.6% | -5.3% | 42.4% | 70.66% |
3 Yr | 2.7%* | -13.4% | 12.0% | 10.40% |
5 Yr | 8.0%* | -5.3% | 11.5% | 7.12% |
10 Yr | 5.9%* | -2.1% | 6.6% | 6.52% |
* Annualized
Total Return Ranking - Calendar
Period | DEMSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.3% | -2.7% | 42.0% | 18.12% |
2022 | -15.3% | -42.2% | 1.9% | 11.01% |
2021 | 14.6% | -32.5% | 33.1% | 6.60% |
2020 | 13.8% | -20.0% | 81.6% | 71.15% |
2019 | 14.9% | 2.3% | 42.0% | 87.56% |
NAV & Total Return History
DEMSX - Holdings
Concentration Analysis
DEMSX | Category Low | Category High | DEMSX % Rank | |
---|---|---|---|---|
Net Assets | 3.85 B | 682 K | 103 B | 17.39% |
Number of Holdings | 5130 | 9 | 7534 | 1.26% |
Net Assets in Top 10 | 129 M | 290 K | 23.8 B | 52.73% |
Weighting of Top 10 | 2.89% | 2.9% | 101.1% | 100.00% |
Top 10 Holdings
- SEEGENE Inc 0.64%
- SEEGENE Inc 0.64%
- SEEGENE Inc 0.64%
- SEEGENE Inc 0.64%
- SEEGENE Inc 0.64%
- SEEGENE Inc 0.64%
- SEEGENE Inc 0.64%
- SEEGENE Inc 0.64%
- SEEGENE Inc 0.64%
- SEEGENE Inc 0.64%
Asset Allocation
Weighting | Return Low | Return High | DEMSX % Rank | |
---|---|---|---|---|
Stocks | 99.27% | 0.00% | 107.82% | 17.95% |
Cash | 0.68% | -2.03% | 98.08% | 78.68% |
Preferred Stocks | 0.05% | 0.00% | 13.31% | 54.42% |
Other | 0.00% | -1.11% | 26.93% | 41.23% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 16.53% |
Bonds | 0.00% | 0.00% | 88.10% | 24.96% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DEMSX % Rank | |
---|---|---|---|---|
Industrials | 16.72% | 0.00% | 43.53% | 4.12% |
Technology | 16.26% | 0.00% | 47.50% | 87.78% |
Consumer Cyclical | 13.30% | 0.00% | 48.94% | 35.09% |
Basic Materials | 13.00% | 0.00% | 30.03% | 7.81% |
Financial Services | 8.72% | 0.00% | 48.86% | 97.16% |
Healthcare | 7.99% | 0.00% | 16.53% | 15.20% |
Consumer Defense | 6.53% | 0.00% | 25.90% | 40.48% |
Real Estate | 6.52% | 0.00% | 17.15% | 4.97% |
Utilities | 4.65% | 0.00% | 39.12% | 7.67% |
Communication Services | 3.92% | 0.00% | 39.29% | 87.78% |
Energy | 2.39% | 0.00% | 24.80% | 75.14% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DEMSX % Rank | |
---|---|---|---|---|
Non US | 98.97% | 0.00% | 100.18% | 1.26% |
US | 0.30% | 0.00% | 100.95% | 97.19% |
DEMSX - Expenses
Operational Fees
DEMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.79% | 0.03% | 29.98% | 84.53% |
Management Fee | 0.72% | 0.00% | 2.00% | 23.60% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | 0.77% |
Sales Fees
DEMSX 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
DEMSX 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.
DEMSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 12.00% | 0.00% | 189.00% | 8.97% |
DEMSX - Distributions
Dividend Yield Analysis
DEMSX | Category Low | Category High | DEMSX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.21% | 0.00% | 9.74% | 23.14% |
Dividend Distribution Analysis
DEMSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
DEMSX | Category Low | Category High | DEMSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.10% | -1.98% | 17.62% | 14.99% |
Capital Gain Distribution Analysis
DEMSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.316 | OrdinaryDividend |
Mar 27, 2024 | $0.020 | OrdinaryDividend |
Dec 13, 2023 | $0.306 | OrdinaryDividend |
Sep 28, 2023 | $0.218 | OrdinaryDividend |
Jun 29, 2023 | $0.133 | OrdinaryDividend |
Mar 30, 2023 | $0.013 | OrdinaryDividend |
Dec 14, 2022 | $0.536 | OrdinaryDividend |
Sep 29, 2022 | $0.208 | OrdinaryDividend |
Jun 29, 2022 | $0.130 | OrdinaryDividend |
Mar 30, 2022 | $0.030 | OrdinaryDividend |
Dec 15, 2021 | $1.337 | OrdinaryDividend |
Sep 29, 2021 | $0.149 | OrdinaryDividend |
Jun 29, 2021 | $0.029 | OrdinaryDividend |
Mar 30, 2021 | $0.028 | OrdinaryDividend |
Dec 16, 2020 | $0.360 | OrdinaryDividend |
Sep 29, 2020 | $0.106 | OrdinaryDividend |
Jun 29, 2020 | $0.054 | OrdinaryDividend |
Dec 17, 2019 | $0.275 | OrdinaryDividend |
Dec 17, 2019 | $0.131 | CapitalGainLongTerm |
Sep 27, 2019 | $0.207 | OrdinaryDividend |
Jun 27, 2019 | $0.036 | OrdinaryDividend |
Dec 18, 2018 | $0.217 | OrdinaryDividend |
Dec 18, 2018 | $0.010 | CapitalGainShortTerm |
Dec 18, 2018 | $0.526 | CapitalGainLongTerm |
Sep 27, 2018 | $0.188 | OrdinaryDividend |
Dec 15, 2017 | $0.337 | OrdinaryDividend |
Dec 15, 2017 | $0.088 | CapitalGainShortTerm |
Dec 15, 2017 | $0.467 | CapitalGainLongTerm |
Sep 28, 2017 | $0.195 | OrdinaryDividend |
Jun 29, 2017 | $0.065 | OrdinaryDividend |
Dec 15, 2016 | $0.247 | OrdinaryDividend |
Dec 15, 2016 | $0.037 | CapitalGainShortTerm |
Dec 15, 2016 | $0.423 | CapitalGainLongTerm |
Sep 29, 2016 | $0.019 | OrdinaryDividend |
Jun 29, 2016 | $0.160 | OrdinaryDividend |
Mar 30, 2016 | $0.055 | OrdinaryDividend |
Dec 16, 2015 | $0.235 | OrdinaryDividend |
Dec 16, 2015 | $0.140 | CapitalGainLongTerm |
Sep 09, 2015 | $0.179 | OrdinaryDividend |
Jun 08, 2015 | $0.015 | OrdinaryDividend |
Dec 16, 2014 | $0.213 | OrdinaryDividend |
Dec 16, 2014 | $0.014 | CapitalGainShortTerm |
Dec 16, 2014 | $0.381 | CapitalGainLongTerm |
Sep 09, 2014 | $0.148 | OrdinaryDividend |
Jun 09, 2014 | $0.067 | OrdinaryDividend |
Dec 12, 2013 | $0.188 | OrdinaryDividend |
Dec 12, 2013 | $0.325 | CapitalGainLongTerm |
Sep 10, 2013 | $0.108 | OrdinaryDividend |
Jun 10, 2013 | $0.123 | OrdinaryDividend |
Mar 08, 2013 | $0.018 | OrdinaryDividend |
Dec 13, 2012 | $0.143 | OrdinaryDividend |
Dec 13, 2012 | $0.022 | CapitalGainShortTerm |
Dec 13, 2012 | $0.591 | CapitalGainLongTerm |
Sep 10, 2012 | $0.089 | OrdinaryDividend |
Jun 08, 2012 | $0.115 | OrdinaryDividend |
Dec 13, 2011 | $0.148 | OrdinaryDividend |
Dec 13, 2011 | $0.398 | CapitalGainLongTerm |
Sep 08, 2011 | $0.138 | OrdinaryDividend |
Jun 08, 2011 | $0.153 | OrdinaryDividend |
Dec 09, 2010 | $0.104 | OrdinaryDividend |
Dec 09, 2010 | $0.760 | CapitalGainLongTerm |
Sep 08, 2010 | $0.115 | OrdinaryDividend |
Jun 08, 2010 | $0.130 | OrdinaryDividend |
Mar 09, 2010 | $0.012 | OrdinaryDividend |
Dec 09, 2009 | $0.066 | OrdinaryDividend |
Sep 09, 2009 | $0.057 | OrdinaryDividend |
Jun 09, 2009 | $0.120 | OrdinaryDividend |
Mar 10, 2009 | $0.007 | OrdinaryDividend |
Dec 10, 2008 | $0.095 | OrdinaryDividend |
Sep 09, 2008 | $0.147 | OrdinaryDividend |
Jun 10, 2008 | $0.179 | OrdinaryDividend |
Mar 10, 2008 | $0.010 | OrdinaryDividend |
Dec 19, 2007 | $0.078 | OrdinaryDividend |
Dec 19, 2007 | $0.116 | CapitalGainShortTerm |
Dec 19, 2007 | $1.370 | CapitalGainLongTerm |
Sep 10, 2007 | $0.073 | OrdinaryDividend |
Jun 08, 2007 | $0.120 | OrdinaryDividend |
Dec 18, 2006 | $0.062 | OrdinaryDividend |
Dec 18, 2006 | $0.127 | CapitalGainShortTerm |
Dec 18, 2006 | $0.999 | CapitalGainLongTerm |
Sep 08, 2006 | $0.089 | OrdinaryDividend |
Jun 08, 2006 | $0.109 | OrdinaryDividend |
Mar 08, 2006 | $0.020 | OrdinaryDividend |
Dec 19, 2005 | $0.042 | OrdinaryDividend |
Dec 19, 2005 | $0.083 | CapitalGainShortTerm |
Dec 19, 2005 | $0.230 | CapitalGainLongTerm |
Sep 08, 2005 | $0.090 | OrdinaryDividend |
Jun 08, 2005 | $0.090 | OrdinaryDividend |
Mar 08, 2005 | $0.024 | OrdinaryDividend |
Dec 20, 2004 | $0.015 | OrdinaryDividend |
Dec 20, 2004 | $0.124 | CapitalGainShortTerm |
Dec 20, 2004 | $0.370 | CapitalGainLongTerm |
Sep 08, 2004 | $0.049 | OrdinaryDividend |
Jun 08, 2004 | $0.047 | OrdinaryDividend |
Dec 22, 2003 | $0.022 | CapitalGainShortTerm |
Dec 22, 2003 | $0.044 | CapitalGainLongTerm |
Dec 22, 2003 | $0.097 | OrdinaryDividend |
Dec 16, 2002 | $0.060 | CapitalGainLongTerm |
Dec 16, 2002 | $0.074 | OrdinaryDividend |
DEMSX - Fund Manager Analysis
Managers
Jed Fogdall
Start Date
Tenure
Tenure Rank
Feb 28, 2010
12.26
12.3%
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.
Bhanu Singh
Start Date
Tenure
Tenure Rank
Jul 21, 2015
6.87
6.9%
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 |