DFA Global Real Estate Securities Portfolio
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.7%
1 yr return
21.7%
3 Yr Avg Return
-2.2%
5 Yr Avg Return
1.7%
Net Assets
$7.48 B
Holdings in Top 10
60.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.31%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 1.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFGEX - Profile
Distributions
- YTD Total Return 6.7%
- 3 Yr Annualized Total Return -2.2%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.33%
- Dividend Yield 3.1%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameDFA Global Real Estate Securities Portfolio
-
Fund Family NameDimensional Funds
-
Inception DateJul 31, 2008
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
To achieve the DFA Global Real Estate Securities Portfolio’s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. The Portfolio seeks to achieve exposure to a broad portfolio of securities of U.S. and non-U.S. companies in the real estate industry, with a focus on real estate investment trusts (“REITs”) or companies that the Advisor considers to be REIT-like entities. The Portfolio invests in companies of all sizes. The Portfolio may pursue its investment objective by investing its assets in the DFA Real Estate Securities Portfolio, DFA International Real Estate Securities Portfolio (the “Underlying Funds”), and/or directly in securities of companies in the real estate industry. 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. The Portfolio and Underlying Funds generally consider a company to be principally engaged in the real estate industry if the company (i) derives at least 50% of its revenue or profits from the ownership, management, development, construction, or sale of residential, commercial, industrial, or other real estate; (ii) has at least 50% of the value of its assets invested in residential, commercial, industrial, or other real estate; or (iii) is organized as a REIT or REIT-like entity. REITs and REIT-like entities are types of real estate companies that pool investors’ funds for investment primarily in income producing real estate or real estate related loans or interests. The Portfolio and each Underlying Fund invest in companies principally engaged in the real estate industry in its designated market using a market capitalization weighted approach. A company’s market capitalization is the number of its shares outstanding times its price per share. Under a market capitalization weighted approach, companies with higher market capitalizations generally represent a larger proportion of the Portfolio and each Underlying Fund than companies with relatively lower market capitalizations. The Advisor may adjust the representation in the Portfolio or the Underlying Funds of an eligible company, or exclude a company, after considering such factors as free float, price momentum, short-run reversals, trading strategies, liquidity, size, relative price, profitability, and other factors that the Advisor determines to be appropriate. 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. The Advisor also may limit or fix the Portfolio’s exposure to a particular country or issuer.
As a non-fundamental policy, under normal circumstances, at least 80% of the DFA Global Real Estate Securities Portfolio’s net assets will be invested directly, or indirectly through its investment in the Underlying Funds, in securities of companies in the real estate industry. The Portfolio concentrates (i.e., invests more than 25% of its net assets) its investments in securities of companies in the real estate industry. In addition to, or in place of, investments in the Underlying Funds, the Portfolio also is permitted to invest directly in the same types of securities of companies in the real estate industry that are eligible investments for the Underlying Funds. The Portfolio and each Underlying Fund intend to purchase securities of companies associated with countries that the Advisor has identified as approved markets for investment for the Portfolio or Underlying Fund. The Portfolio, directly or indirectly through its investment in the Underlying Funds, intends to invest its assets to gain exposure to at least three different countries, including the United States. The Advisor will generally seek to set country weights based on the relative market capitalizations of eligible companies within each approved market of the Underlying Funds. As of the date of the Prospectus, the Portfolio, directly or indirectly through its investment in the Underlying Funds, invests approximately 74% of its net assets in U.S. companies. This percentage will change due to market conditions. The DFA Global Real Estate Securities Portfolio and each Underlying Fund may purchase or sell futures contracts and options on futures contracts for equity securities and indices to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio or Underlying Fund. Because many of the Portfolio’s and an Underlying Fund’s investments may be denominated in foreign currencies, the Portfolio and Underlying Fund 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 DFA Global Real Estate Securities Portfolio and the 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 DFA Global Real Estate Securities Portfolio invests as of the date of this Prospectus (other than the Underlying Funds that are included elsewhere in the Portfolio’s Prospectus) is described in the Portfolio’s Prospectus in the section entitled “ADDITIONAL INFORMATION ON INVESTMENT OBJECTIVES AND POLICIES”.
DFGEX - Performance
Return Ranking - Trailing
Period | DFGEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.7% | -8.5% | 21.3% | 30.68% |
1 Yr | 21.7% | -8.9% | 38.8% | 18.18% |
3 Yr | -2.2%* | -17.0% | 18.0% | 13.61% |
5 Yr | 1.7%* | -10.5% | 15.8% | 29.70% |
10 Yr | 4.6%* | -2.5% | 11.0% | 21.43% |
* Annualized
Return Ranking - Calendar
Period | DFGEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -16.8% | 16.7% | 75.86% |
2022 | -27.8% | -39.5% | 4.5% | 47.93% |
2021 | 25.1% | -0.9% | 30.7% | 18.18% |
2020 | -8.8% | -20.7% | 13.7% | 73.33% |
2019 | 17.9% | 1.0% | 26.5% | 34.15% |
Total Return Ranking - Trailing
Period | DFGEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.7% | -8.5% | 21.3% | 30.68% |
1 Yr | 21.7% | -8.9% | 38.8% | 18.18% |
3 Yr | -2.2%* | -17.0% | 18.0% | 13.61% |
5 Yr | 1.7%* | -10.5% | 15.8% | 29.70% |
10 Yr | 4.6%* | -2.5% | 11.0% | 21.43% |
* Annualized
Total Return Ranking - Calendar
Period | DFGEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.4% | -14.6% | 23.4% | 71.26% |
2022 | -23.8% | -39.5% | 10.1% | 15.98% |
2021 | 31.0% | 5.7% | 101.8% | 12.73% |
2020 | -6.7% | -17.8% | 14.7% | 79.39% |
2019 | 26.4% | 4.3% | 37.2% | 30.49% |
NAV & Total Return History
DFGEX - Holdings
Concentration Analysis
DFGEX | Category Low | Category High | DFGEX % Rank | |
---|---|---|---|---|
Net Assets | 7.48 B | 4.27 M | 7.48 B | 0.58% |
Number of Holdings | 137 | 5 | 691 | 9.09% |
Net Assets in Top 10 | 4.55 B | 1.9 M | 4.55 B | 0.57% |
Weighting of Top 10 | 60.77% | 20.1% | 64.5% | 1.71% |
Top 10 Holdings
- DFA International Real Estate Securities 25.09%
- Prologis, Inc. 6.91%
- American Tower Corp. 5.69%
- Equinix, Inc. 4.20%
- DFA Short Term Investment Fund 3.72%
- DFA Investment Trust Co. 3.65%
- Welltower, Inc. 3.43%
- Simon Property Group, Inc. 2.77%
- Digital Realty Trust, Inc. 2.70%
- Realty Income Corp. 2.61%
Asset Allocation
Weighting | Return Low | Return High | DFGEX % Rank | |
---|---|---|---|---|
Stocks | 102.76% | 3.01% | 126.54% | 1.14% |
Cash | 3.72% | 0.00% | 11.23% | 18.18% |
Other | 0.00% | -33.49% | 99.87% | 32.95% |
Preferred Stocks | 0.00% | 0.00% | 7.25% | 24.43% |
Convertible Bonds | 0.00% | 0.00% | 0.07% | 17.71% |
Bonds | 0.00% | 0.00% | 22.09% | 21.59% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DFGEX % Rank | |
---|---|---|---|---|
Real Estate | 99.98% | 72.53% | 100.00% | 10.53% |
Financial Services | 0.02% | 0.00% | 9.53% | 19.30% |
Utilities | 0.00% | 0.00% | 0.96% | 21.05% |
Technology | 0.00% | 0.00% | 4.92% | 50.29% |
Industrials | 0.00% | 0.00% | 4.91% | 33.92% |
Healthcare | 0.00% | 0.00% | 1.54% | 27.49% |
Energy | 0.00% | 0.00% | 0.11% | 17.54% |
Communication Services | 0.00% | 0.00% | 10.08% | 64.33% |
Consumer Defense | 0.00% | 0.00% | 0.18% | 19.30% |
Consumer Cyclical | 0.00% | 0.00% | 13.03% | 72.51% |
Basic Materials | 0.00% | 0.00% | 1.63% | 22.22% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DFGEX % Rank | |
---|---|---|---|---|
US | 102.76% | 0.00% | 102.76% | 0.57% |
Non US | 0.00% | 0.00% | 98.87% | 97.16% |
DFGEX - Expenses
Operational Fees
DFGEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.31% | 0.10% | 36.96% | 95.45% |
Management Fee | 0.19% | 0.09% | 1.50% | 4.57% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.25% | 3.96% |
Sales Fees
DFGEX 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
DFGEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
DFGEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 1.00% | 1.00% | 165.00% | 0.59% |
DFGEX - Distributions
Dividend Yield Analysis
DFGEX | Category Low | Category High | DFGEX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.14% | 0.00% | 5.52% | 9.66% |
Dividend Distribution Analysis
DFGEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
DFGEX | Category Low | Category High | DFGEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.33% | -0.23% | 3.84% | 52.91% |
Capital Gain Distribution Analysis
DFGEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 13, 2023 | $0.345 | OrdinaryDividend |
Dec 14, 2022 | $0.553 | OrdinaryDividend |
Dec 15, 2021 | $0.481 | OrdinaryDividend |
Dec 15, 2021 | $0.002 | CapitalGainShortTerm |
Dec 15, 2021 | $0.121 | CapitalGainLongTerm |
Dec 16, 2020 | $0.246 | OrdinaryDividend |
Dec 17, 2019 | $0.696 | OrdinaryDividend |
Dec 17, 2019 | $0.001 | CapitalGainShortTerm |
Dec 17, 2019 | $0.123 | CapitalGainLongTerm |
Dec 18, 2018 | $0.509 | OrdinaryDividend |
Dec 15, 2017 | $0.001 | CapitalGainShortTerm |
Dec 15, 2017 | $0.069 | CapitalGainLongTerm |
Dec 15, 2017 | $0.337 | OrdinaryDividend |
Dec 15, 2016 | $0.004 | CapitalGainShortTerm |
Dec 15, 2016 | $0.029 | CapitalGainLongTerm |
Dec 15, 2016 | $0.492 | OrdinaryDividend |
Dec 16, 2015 | $0.251 | OrdinaryDividend |
Dec 31, 2014 | $0.033 | OrdinaryDividend |
Dec 16, 2014 | $0.358 | OrdinaryDividend |
Dec 12, 2013 | $0.321 | OrdinaryDividend |
Dec 13, 2012 | $0.595 | OrdinaryDividend |
Dec 13, 2011 | $0.241 | OrdinaryDividend |
Dec 09, 2010 | $0.538 | OrdinaryDividend |
Dec 09, 2009 | $0.468 | OrdinaryDividend |
Dec 10, 2008 | $0.096 | OrdinaryDividend |
Dec 10, 2008 | $0.001 | CapitalGainShortTerm |
DFGEX - 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
Jul 21, 2015
6.87
6.9%
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.
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.
William Collins-Dean
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Will Collins-Dean is a Portfolio Manager and Vice President of the Sub-Adviser. Mr. Collins-Dean received his MBA from the University of Chicago and is bachelor’s degree from Wake Forest University. Mr. Collins-Dean joined the Sub-Adviser in 2014 and has been a portfolio manager since 2016.
Ashish Bhagwanjee
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
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 |
---|---|---|---|
0.09 | 20.42 | 7.15 | 10.42 |