DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.1%
1 yr return
5.5%
3 Yr Avg Return
2.5%
5 Yr Avg Return
1.6%
Net Assets
$4.55 B
Holdings in Top 10
31.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 93.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFGFX - Profile
Distributions
- YTD Total Return 5.1%
- 3 Yr Annualized Total Return 2.5%
- 5 Yr Annualized Total Return 1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.09%
- Dividend Yield 9.2%
- Dividend Distribution Frequency Quarterly
Fund Details
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Legal NameDFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
-
Fund Family NameDimensional Funds
-
Inception DateMar 08, 1996
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
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ManagerDavid Plecha
Fund Description
The Two-Year Global Portfolio seeks to maximize total returns from a universe of U.S. and foreign debt securities maturing in three years or less from the date of settlement. The Portfolio invests in obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, corporate debt obligations, bank obligations, commercial paper, repurchase agreements, money market funds, securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. Dimensional Fund Advisors LP (the “Advisor”) expects that the Portfolio will primarily invest in the obligations of issuers that are in developed countries. The Advisor selects the Portfolio's foreign country and currency compositions based on an evaluation of various factors, including, but not limited to, relative interest rates and exchange rates. 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”)). The Portfolio intends to invest its assets to gain exposure to at least three different countries, including the United States. Under normal circumstances, the Portfolio invests at least 30% of its net assets in non-U.S. issuers. As of the date of the Prospectus, the Portfolio invests approximately 35% of its net assets in U.S. issuers. This percentage will change due to market conditions. An issuer may be considered to be of a country if it is organized under the laws of, maintains its principal place of business in, has at least 50% of its assets or derives at least 50% of its operating income in, or is a government, government agency, instrumentality or central bank of, that country. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in fixed income securities that mature within two years from the date of settlement.
It is the policy of the Two-Year Global Portfolio that the weighted average maturity of 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. 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.
Because many of the Two-Year Global Portfolio’s investments may be denominated in foreign currencies, the Portfolio may also enter into foreign currency forward contracts to attempt to protect against uncertainty in the level of future foreign currency rates, to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. The Portfolio may purchase or sell futures contracts and options on futures contracts, to hedge its currency exposure or 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 Global Portfolio may lend its portfolio securities to generate additional income.
DFGFX - Performance
Return Ranking - Trailing
Period | DFGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -15.2% | -2.4% | 0.77% |
1 Yr | 5.5% | -10.4% | -2.5% | 0.76% |
3 Yr | 2.5%* | -1.2% | 4.2% | 91.53% |
5 Yr | 1.6%* | -0.1% | 3.7% | 93.81% |
10 Yr | 1.5%* | 0.0% | 4.6% | 91.67% |
* Annualized
Return Ranking - Calendar
Period | DFGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.7% | -9.4% | -0.6% | 0.81% |
2022 | -3.7% | -1.3% | 7.0% | 98.23% |
2021 | -0.6% | 0.5% | 200.9% | 98.17% |
2020 | 0.3% | -15.5% | 3.1% | 13.00% |
2019 | 0.6% | -0.6% | 30.6% | 100.00% |
Total Return Ranking - Trailing
Period | DFGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -15.2% | -2.4% | 0.77% |
1 Yr | 5.5% | -12.6% | -2.5% | 0.76% |
3 Yr | 2.5%* | -1.6% | 4.2% | 87.29% |
5 Yr | 1.6%* | -0.1% | 3.7% | 90.72% |
10 Yr | 1.5%* | 0.0% | 4.6% | 90.28% |
* Annualized
Total Return Ranking - Calendar
Period | DFGFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.9% | -9.4% | -0.6% | 0.81% |
2022 | -2.6% | -1.3% | 7.0% | 98.23% |
2021 | -0.4% | 0.5% | 200.9% | 98.17% |
2020 | 0.9% | -15.5% | 3.3% | 3.00% |
2019 | 2.9% | 0.1% | 30.6% | 75.64% |
NAV & Total Return History
DFGFX - Holdings
Concentration Analysis
DFGFX | Category Low | Category High | DFGFX % Rank | |
---|---|---|---|---|
Net Assets | 4.55 B | 21.8 M | 93.5 B | 21.37% |
Number of Holdings | 234 | 5 | 7040 | 94.70% |
Net Assets in Top 10 | 1.42 B | -839 M | 6.06 B | 7.58% |
Weighting of Top 10 | 31.08% | 6.1% | 100.0% | 24.24% |
Top 10 Holdings
- U.S. Treasury Floating Rate Notes 9.86%
- U.S. Treasury Floating Rate Notes 6.45%
- U.S. Treasury Floating Rate Notes 4.85%
- U.S. Treasury Floating Rate Notes 1.81%
- Sweden Treasury Bills 1.53%
- Johnson Johnson 1.52%
- Novartis Finance Corp. 1.41%
- International Bank for Reconstruction Development 1.31%
- JPMorgan Chase Bank NA 1.19%
- Svensk Exportkredit AB 1.14%
Asset Allocation
Weighting | Return Low | Return High | DFGFX % Rank | |
---|---|---|---|---|
Bonds | 58.94% | 36.86% | 100.73% | 60.61% |
Cash | 40.84% | -2.75% | 67.17% | 36.36% |
Convertible Bonds | 1.44% | 0.00% | 14.16% | 59.09% |
Other | 0.21% | -8.93% | 0.72% | 16.67% |
Stocks | 0.00% | 0.00% | 0.70% | 35.61% |
Preferred Stocks | 0.00% | 0.00% | 0.73% | 30.30% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DFGFX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | N/A |
Technology | 0.00% | 0.00% | 48.29% | N/A |
Real Estate | 0.00% | 0.00% | 0.00% | N/A |
Industrials | 0.00% | 0.00% | 3.92% | N/A |
Healthcare | 0.00% | 0.00% | 6.16% | N/A |
Financial Services | 0.00% | 0.00% | 100.00% | N/A |
Energy | 0.00% | 0.00% | 0.00% | N/A |
Communication Services | 0.00% | 0.00% | 17.03% | N/A |
Consumer Defense | 0.00% | 0.00% | 5.49% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 17.00% | N/A |
Basic Materials | 0.00% | 0.00% | 0.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DFGFX % Rank | |
---|---|---|---|---|
US | 0.00% | 0.00% | 0.70% | 12.88% |
Non US | 0.00% | 0.00% | 0.08% | 25.00% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DFGFX % Rank | |
---|---|---|---|---|
Government | 60.18% | 1.71% | 97.31% | 24.24% |
Cash & Equivalents | 39.29% | 0.00% | 51.02% | 78.79% |
Corporate | 11.38% | 0.00% | 70.79% | 77.27% |
Derivative | 0.21% | 0.00% | 50.79% | 34.09% |
Securitized | 0.00% | 0.00% | 29.11% | 92.42% |
Municipal | 0.00% | 0.00% | 3.10% | 43.94% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DFGFX % Rank | |
---|---|---|---|---|
US | 41.98% | -11.86% | 53.57% | 1.52% |
Non US | 16.96% | 26.05% | 98.85% | 94.70% |
DFGFX - Expenses
Operational Fees
DFGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.17% | 0.02% | 1.81% | 89.84% |
Management Fee | 0.14% | 0.00% | 0.83% | 10.61% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | 2.94% |
Sales Fees
DFGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
DFGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
DFGFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 93.00% | 2.00% | 402.00% | 70.27% |
DFGFX - Distributions
Dividend Yield Analysis
DFGFX | Category Low | Category High | DFGFX % Rank | |
---|---|---|---|---|
Dividend Yield | 9.23% | 0.00% | 2.20% | 37.88% |
Dividend Distribution Analysis
DFGFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
DFGFX | Category Low | Category High | DFGFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.09% | -0.30% | 3.10% | 97.71% |
Capital Gain Distribution Analysis
DFGFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 10, 2024 | $0.224 | OrdinaryDividend |
Sep 27, 2024 | $0.218 | OrdinaryDividend |
Jun 27, 2024 | $0.022 | OrdinaryDividend |
Dec 11, 2023 | $0.184 | OrdinaryDividend |
Sep 28, 2023 | $0.124 | OrdinaryDividend |
Dec 12, 2022 | $0.111 | OrdinaryDividend |
Dec 13, 2021 | $0.023 | OrdinaryDividend |
Dec 14, 2020 | $0.057 | OrdinaryDividend |
Dec 16, 2019 | $0.152 | OrdinaryDividend |
Sep 27, 2019 | $0.008 | OrdinaryDividend |
Jun 27, 2019 | $0.044 | OrdinaryDividend |
Mar 28, 2019 | $0.017 | OrdinaryDividend |
Dec 17, 2018 | $0.184 | OrdinaryDividend |
Sep 27, 2018 | $0.018 | OrdinaryDividend |
Jun 28, 2018 | $0.015 | OrdinaryDividend |
Dec 14, 2017 | $0.092 | OrdinaryDividend |
Jun 29, 2017 | $0.032 | OrdinaryDividend |
Mar 30, 2017 | $0.028 | OrdinaryDividend |
Dec 14, 2016 | $0.034 | OrdinaryDividend |
Jun 29, 2016 | $0.020 | OrdinaryDividend |
Mar 30, 2016 | $0.030 | OrdinaryDividend |
Jun 08, 2015 | $0.002 | OrdinaryDividend |
Dec 15, 2014 | $0.100 | OrdinaryDividend |
Dec 15, 2014 | $0.012 | CapitalGainShortTerm |
Dec 15, 2014 | $0.001 | CapitalGainLongTerm |
Sep 09, 2014 | $0.014 | OrdinaryDividend |
Jun 09, 2014 | $0.014 | OrdinaryDividend |
Mar 10, 2014 | $0.021 | OrdinaryDividend |
Dec 11, 2013 | $0.045 | OrdinaryDividend |
Dec 11, 2013 | $0.007 | CapitalGainShortTerm |
Dec 11, 2013 | $0.004 | CapitalGainLongTerm |
Jun 10, 2013 | $0.020 | OrdinaryDividend |
Dec 12, 2012 | $0.078 | OrdinaryDividend |
Dec 12, 2012 | $0.020 | CapitalGainShortTerm |
Dec 12, 2012 | $0.003 | CapitalGainLongTerm |
Sep 10, 2012 | $0.012 | OrdinaryDividend |
Jun 08, 2012 | $0.031 | OrdinaryDividend |
Dec 12, 2011 | $0.116 | OrdinaryDividend |
Dec 12, 2011 | $0.019 | CapitalGainShortTerm |
Dec 12, 2011 | $0.007 | CapitalGainLongTerm |
Sep 08, 2011 | $0.007 | OrdinaryDividend |
Dec 08, 2010 | $0.018 | OrdinaryDividend |
Dec 08, 2010 | $0.056 | CapitalGainShortTerm |
Dec 08, 2010 | $0.013 | CapitalGainLongTerm |
Sep 08, 2010 | $0.079 | OrdinaryDividend |
Mar 09, 2010 | $0.001 | OrdinaryDividend |
Dec 09, 2009 | $0.126 | OrdinaryDividend |
Dec 09, 2009 | $0.010 | CapitalGainLongTerm |
Sep 09, 2009 | $0.036 | OrdinaryDividend |
Jun 09, 2009 | $0.089 | OrdinaryDividend |
Dec 10, 2008 | $0.338 | OrdinaryDividend |
Sep 09, 2008 | $0.137 | OrdinaryDividend |
Jun 10, 2008 | $0.018 | OrdinaryDividend |
Dec 19, 2007 | $0.172 | OrdinaryDividend |
Dec 19, 2007 | $0.001 | CapitalGainShortTerm |
Dec 19, 2007 | $0.001 | CapitalGainLongTerm |
Sep 10, 2007 | $0.216 | OrdinaryDividend |
Dec 18, 2006 | $0.073 | OrdinaryDividend |
Mar 08, 2006 | $0.013 | OrdinaryDividend |
Dec 19, 2005 | $0.127 | OrdinaryDividend |
Sep 08, 2005 | $0.070 | OrdinaryDividend |
Jun 08, 2005 | $0.065 | OrdinaryDividend |
Mar 08, 2005 | $0.044 | OrdinaryDividend |
Dec 20, 2004 | $0.035 | OrdinaryDividend |
Sep 08, 2004 | $0.045 | OrdinaryDividend |
Jun 08, 2004 | $0.039 | OrdinaryDividend |
Mar 09, 2004 | $0.035 | OrdinaryDividend |
Dec 22, 2003 | $0.147 | OrdinaryDividend |
Sep 09, 2003 | $0.034 | OrdinaryDividend |
Jun 10, 2003 | $0.052 | OrdinaryDividend |
Mar 10, 2003 | $0.037 | OrdinaryDividend |
Dec 16, 2002 | $0.213 | OrdinaryDividend |
Jun 10, 2002 | $0.039 | OrdinaryDividend |
Mar 08, 2002 | $0.062 | OrdinaryDividend |
Sep 09, 1997 | $0.114 | OrdinaryDividend |
Jun 10, 1997 | $0.124 | OrdinaryDividend |
Mar 10, 1997 | $0.057 | OrdinaryDividend |
Dec 27, 1996 | $0.242 | OrdinaryDividend |
Sep 10, 1996 | $0.100 | OrdinaryDividend |
Jun 10, 1996 | $0.107 | OrdinaryDividend |
DFGFX - Fund Manager Analysis
Managers
David Plecha
Start Date
Tenure
Tenure Rank
Feb 09, 1996
26.32
26.3%
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 |
---|---|---|---|
0.12 | 31.42 | 5.43 | 0.92 |