JAPANESE SMALL COMPANY PORTFOLIO
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.1%
1 yr return
11.6%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
3.4%
Net Assets
$219 M
Holdings in Top 10
3.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 13.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFJSX - Profile
Distributions
- YTD Total Return -0.1%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return 3.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.69%
- Dividend Yield 4.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameJAPANESE SMALL COMPANY PORTFOLIO
-
Fund Family NameDimensional Funds
-
Inception DateJan 03, 1994
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
The Japanese Small Company Portfolio is a feeder portfolio that invests substantially all of its assets in the Japanese Small Company Series. To achieve the Portfolio’s and the Series’ investment objectives, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As further described below, the Series’ 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 Japanese Small Company Series, using a market capitalization weighted approach, is designed to purchase a broad and diverse group of readily marketable securities of small companies associated with Japan. 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 Series than companies with relatively lower market capitalizations. 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 company segment of the Japanese market. 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 Japanese Small Company Series will invest at least 80% of its net assets in securities of Japanese small companies. The Advisor first ranks eligible companies by market capitalization. The Advisor then determines the universe of eligible securities by defining the maximum market capitalization of a small company in Japan. Based on market capitalization data as of December 31, 2023, the Advisor would consider Japanese small companies to be those companies with a market capitalization below $2,412 million. This threshold will change due to market conditions.
The Advisor may also increase or reduce the Japanese Small Company 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 Japanese Small Company Series may gain exposure to companies associated with Japan by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer’s domicile country. The Series and the Japanese Small Company Portfolio each may purchase or sell futures contracts and options on futures contracts for Japanese equity securities and indices 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 Japanese Small Company Series may lend its portfolio securities to generate additional income.
DFJSX - Performance
Return Ranking - Trailing
Period | DFJSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -1.8% | 20.4% | 97.37% |
1 Yr | 11.6% | -0.9% | 51.0% | 60.53% |
3 Yr | -0.5%* | -13.3% | 23.8% | 45.71% |
5 Yr | 3.4%* | -3.2% | 18.4% | 81.82% |
10 Yr | 5.7%* | 1.7% | 12.8% | 70.83% |
* Annualized
Return Ranking - Calendar
Period | DFJSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.7% | 0.0% | 36.8% | 86.84% |
2022 | -16.0% | -34.0% | 2.8% | 27.03% |
2021 | -5.4% | -15.7% | 14.9% | 55.88% |
2020 | 1.6% | -6.2% | 31.2% | 87.88% |
2019 | 13.7% | 4.7% | 24.4% | 96.88% |
Total Return Ranking - Trailing
Period | DFJSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -1.8% | 20.4% | 97.37% |
1 Yr | 11.6% | -0.9% | 51.0% | 60.53% |
3 Yr | -0.5%* | -13.3% | 23.8% | 45.71% |
5 Yr | 3.4%* | -3.2% | 18.4% | 81.82% |
10 Yr | 5.7%* | 1.7% | 12.8% | 70.83% |
* Annualized
Total Return Ranking - Calendar
Period | DFJSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.0% | 2.0% | 42.0% | 60.53% |
2022 | -11.4% | -32.8% | 5.9% | 21.62% |
2021 | -0.5% | -15.1% | 18.0% | 58.82% |
2020 | 3.8% | -3.2% | 34.7% | 87.88% |
2019 | 18.2% | 7.7% | 26.7% | 87.50% |
NAV & Total Return History
DFJSX - Holdings
Concentration Analysis
DFJSX | Category Low | Category High | DFJSX % Rank | |
---|---|---|---|---|
Net Assets | 219 M | 6.23 M | 16.7 B | 63.16% |
Number of Holdings | 1791 | 27 | 1791 | 2.63% |
Net Assets in Top 10 | 10.5 M | 2.15 M | 3.21 B | 86.84% |
Weighting of Top 10 | 3.46% | 3.5% | 101.6% | 100.00% |
Top 10 Holdings
- DFA Short Term Investment 2.69%
- Jafco Group Co Ltd 0.49%
- Jafco Group Co Ltd 0.49%
- Jafco Group Co Ltd 0.49%
- Jafco Group Co Ltd 0.49%
- Jafco Group Co Ltd 0.49%
- Jafco Group Co Ltd 0.49%
- Jafco Group Co Ltd 0.49%
- Jafco Group Co Ltd 0.49%
- Jafco Group Co Ltd 0.49%
Asset Allocation
Weighting | Return Low | Return High | DFJSX % Rank | |
---|---|---|---|---|
Stocks | 99.88% | 93.56% | 104.16% | 15.79% |
Cash | 0.12% | 0.02% | 8.41% | 94.74% |
Preferred Stocks | 0.00% | 0.00% | 1.22% | 50.00% |
Other | 0.00% | -5.55% | 0.05% | 44.74% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 47.37% |
Bonds | 0.00% | 0.00% | 0.08% | 47.37% |
DFJSX - Expenses
Operational Fees
DFJSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.50% | 0.09% | 3.46% | 76.32% |
Management Fee | 0.45% | 0.09% | 0.90% | 18.42% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.15% | 0.20% | 6.25% |
Sales Fees
DFJSX 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% | 1.00% | N/A |
Trading Fees
DFJSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
DFJSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 13.00% | 2.95% | 70.30% | 24.24% |
DFJSX - Distributions
Dividend Yield Analysis
DFJSX | Category Low | Category High | DFJSX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.69% | 0.00% | 22.05% | 5.26% |
Dividend Distribution Analysis
DFJSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | SemiAnnual |
Net Income Ratio Analysis
DFJSX | Category Low | Category High | DFJSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.69% | -0.63% | 2.45% | 28.95% |
Capital Gain Distribution Analysis
DFJSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $1.418 | OrdinaryDividend |
Dec 15, 2022 | $1.091 | OrdinaryDividend |
Dec 17, 2020 | $0.540 | OrdinaryDividend |
Dec 18, 2019 | $0.989 | OrdinaryDividend |
Dec 19, 2018 | $0.284 | OrdinaryDividend |
Dec 18, 2017 | $0.702 | OrdinaryDividend |
Dec 16, 2016 | $0.432 | OrdinaryDividend |
Dec 17, 2015 | $0.284 | OrdinaryDividend |
Dec 17, 2014 | $0.298 | OrdinaryDividend |
Dec 13, 2013 | $0.545 | OrdinaryDividend |
Sep 13, 2012 | $0.006 | OrdinaryDividend |
Jun 13, 2012 | $0.145 | OrdinaryDividend |
Dec 16, 2011 | $0.128 | OrdinaryDividend |
Sep 13, 2011 | $0.002 | OrdinaryDividend |
Jun 13, 2011 | $0.139 | OrdinaryDividend |
Dec 14, 2010 | $0.098 | OrdinaryDividend |
Sep 13, 2010 | $0.001 | OrdinaryDividend |
Jun 11, 2010 | $0.122 | OrdinaryDividend |
Mar 12, 2010 | $0.002 | OrdinaryDividend |
Dec 14, 2009 | $0.106 | OrdinaryDividend |
Sep 14, 2009 | $0.008 | OrdinaryDividend |
Jun 12, 2009 | $0.120 | OrdinaryDividend |
Mar 13, 2009 | $0.012 | OrdinaryDividend |
Dec 15, 2008 | $0.121 | OrdinaryDividend |
Sep 12, 2008 | $0.012 | OrdinaryDividend |
Jun 13, 2008 | $0.155 | OrdinaryDividend |
Mar 13, 2008 | $0.014 | OrdinaryDividend |
Dec 24, 2007 | $0.111 | OrdinaryDividend |
Sep 13, 2007 | $0.015 | OrdinaryDividend |
Jun 13, 2007 | $0.103 | OrdinaryDividend |
Dec 21, 2006 | $0.110 | OrdinaryDividend |
Sep 08, 2006 | $0.024 | OrdinaryDividend |
Dec 27, 2005 | $0.116 | OrdinaryDividend |
Jun 15, 2005 | $0.022 | OrdinaryDividend |
Dec 27, 2004 | $0.161 | OrdinaryDividend |
Dec 29, 2003 | $0.187 | OrdinaryDividend |
Dec 24, 2002 | $0.088 | OrdinaryDividend |
Dec 27, 2001 | $0.090 | OrdinaryDividend |
Dec 31, 1996 | $0.056 | OrdinaryDividend |
Nov 29, 1995 | $0.105 | OrdinaryDividend |
Nov 30, 1994 | $0.244 | OrdinaryDividend |
DFJSX - 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.
Arun Keswani
Start Date
Tenure
Tenure Rank
Jul 21, 2015
6.87
6.9%
Mr. Keswani is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Keswani joined Dimensional in 2011 and has been a portfolio manager since 2013. Mr. Keswani holds an MBA from the Massachusetts Institute of Technology Sloan School of Management, an MS from Pennsylvania State University, and a BS from Purdue University.
Joel Schneider
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Mr. Schneider is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Schneider holds an MBA from the University of Chicago Booth School of Business, an MS from the University of Minnesota, and a BS from Iowa State University. Mr. Schneider joined Dimensional in 2011, has been a portfolio manager since 2013.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 24.43 | 7.11 | 8.25 |