International High Relative Profitability Portfolio
Name
As of 11/08/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.5%
1 yr return
14.7%
3 Yr Avg Return
0.3%
5 Yr Avg Return
6.3%
Net Assets
$1.65 B
Holdings in Top 10
24.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.00%
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
DIHRX - Profile
Distributions
- YTD Total Return 3.5%
- 3 Yr Annualized Total Return 0.3%
- 5 Yr Annualized Total Return 6.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.30%
- Dividend Yield 2.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameInternational High Relative Profitability Portfolio
-
Fund Family NameDimensional Funds
-
Inception DateMay 16, 2017
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
To achieve the International High Relative Profitability Portfolio’s investment objective, Dimensional Fund Advisors LP (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 International High Relative Profitability Portfolio is designed to purchase securities of large non-U.S. companies that the Advisor determines to have high profitability relative to other large capitalization companies in the same country or region, at the time of purchase. 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 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 large-cap high profitability segments of developed non-U.S. markets. The Portfolio’s increased exposure to such stocks may be achieved by overweighting and/or underweighting eligible stocks based on their market capitalization, relative price, and/or profitability characteristics. 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 criteria the Advisor uses for assessing relative price and profitability are subject to change from time to time.
The International High Relative Profitability Portfolio intends to purchase securities of large non-U.S. companies associated with developed market countries that the Advisor has designated as approved markets. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in securities of companies in the particular non-U.S. markets in which the Portfolio invests. The Advisor determines the minimum market capitalization of a large company with respect to each country or region in which the Portfolio invests. Based on market capitalization data as of December 31, 2023, the market capitalization of a large company in any country or region in which the Portfolio invests would be $1,457 million or above. This threshold will change due to market conditions.
The Advisor may also increase or reduce the International High Relative Profitability Portfolio’s exposure to an eligible company, or exclude a company, based on shorter-term considerations, such as a company’s price momentum and short-run reversals. 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 International High Relative Profitability Portfolio may gain exposure to companies in an approved market by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer’s domicile country. The Portfolio also may purchase or sell futures contracts and options on futures contracts for foreign or U.S. equity securities and indices 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 Portfolio may invest in exchange-traded funds (ETFs) for the purpose of gaining exposure to the equity markets while maintaining liquidity.
The International High Relative Profitability Portfolio may lend its portfolio securities to generate additional income.
DIHRX - Performance
Return Ranking - Trailing
Period | DIHRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -4.0% | 34.8% | 95.07% |
1 Yr | 14.7% | -1.8% | 43.2% | 93.68% |
3 Yr | 0.3%* | -17.1% | 45.7% | 73.29% |
5 Yr | 6.3%* | -34.2% | 74.3% | 41.93% |
10 Yr | N/A* | 1.1% | 32.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | DIHRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.9% | -1.4% | 22.0% | 27.43% |
2022 | -19.2% | -43.6% | 71.3% | 68.60% |
2021 | 10.0% | -28.5% | 18.9% | 10.06% |
2020 | 11.3% | -90.1% | 992.1% | 33.33% |
2019 | 21.7% | -1.9% | 38.8% | 28.00% |
Total Return Ranking - Trailing
Period | DIHRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.5% | -4.0% | 34.8% | 95.07% |
1 Yr | 14.7% | -1.8% | 43.2% | 93.68% |
3 Yr | 0.3%* | -17.1% | 45.7% | 73.29% |
5 Yr | 6.3%* | -34.2% | 74.3% | 41.93% |
10 Yr | N/A* | 1.1% | 32.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DIHRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.1% | 3.2% | 23.8% | 25.58% |
2022 | -16.6% | -43.6% | 144.8% | 61.85% |
2021 | 13.5% | -22.6% | 56.0% | 11.18% |
2020 | 13.2% | -89.7% | 1010.8% | 30.54% |
2019 | 24.5% | 4.3% | 38.8% | 31.83% |
NAV & Total Return History
DIHRX - Holdings
Concentration Analysis
DIHRX | Category Low | Category High | DIHRX % Rank | |
---|---|---|---|---|
Net Assets | 1.65 B | 3.3 M | 425 B | 32.16% |
Number of Holdings | 414 | 1 | 10481 | 26.95% |
Net Assets in Top 10 | 397 M | 1.01 M | 47.5 B | 35.07% |
Weighting of Top 10 | 24.94% | 4.6% | 147.7% | 48.38% |
Top 10 Holdings
- Novo Nordisk AS 3.79%
- Roche Holding AG 3.13%
- LVMH Moet Hennessy Louis Vuitton SE 3.09%
- DFA Short Term Investment Fund 2.79%
- TotalEnergies SE 2.70%
- DFA Investment Trust Co. 2.43%
- Unilever PLC 2.01%
- Sony Group Corp. 1.84%
- BP PLC 1.60%
- ASML Holding NV 1.57%
Asset Allocation
Weighting | Return Low | Return High | DIHRX % Rank | |
---|---|---|---|---|
Stocks | 101.60% | 0.00% | 102.63% | 0.61% |
Cash | 2.79% | 0.00% | 44.84% | 31.39% |
Preferred Stocks | 0.32% | -0.05% | 6.57% | 43.95% |
Convertible Bonds | 0.00% | 0.00% | 4.18% | 62.52% |
Bonds | 0.00% | 0.00% | 79.43% | 65.39% |
Other | 0.00% | -2.12% | 69.93% | 95.25% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DIHRX % Rank | |
---|---|---|---|---|
Industrials | 17.64% | 5.17% | 99.49% | 16.01% |
Healthcare | 13.89% | 0.00% | 20.35% | 19.00% |
Consumer Cyclical | 12.78% | 0.00% | 36.36% | 14.76% |
Basic Materials | 11.43% | 0.00% | 23.86% | 7.54% |
Technology | 11.42% | 0.00% | 36.32% | 51.02% |
Consumer Defense | 10.79% | 0.00% | 32.29% | 24.49% |
Communication Services | 9.71% | 0.00% | 21.69% | 10.36% |
Financial Services | 5.08% | 0.00% | 47.75% | 97.65% |
Energy | 4.11% | 0.00% | 16.89% | 70.02% |
Utilities | 2.75% | 0.00% | 13.68% | 51.18% |
Real Estate | 0.40% | 0.00% | 14.59% | 72.37% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DIHRX % Rank | |
---|---|---|---|---|
Non US | 84.95% | 0.00% | 99.44% | 69.07% |
US | 16.65% | 0.00% | 102.01% | 12.56% |
DIHRX - Expenses
Operational Fees
DIHRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.30% | 0.01% | 19.62% | 88.50% |
Management Fee | 0.25% | 0.00% | 1.65% | 15.72% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 1.00% | N/A |
Sales Fees
DIHRX 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
DIHRX 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.
DIHRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 15.00% | 2.00% | 247.00% | 20.00% |
DIHRX - Distributions
Dividend Yield Analysis
DIHRX | Category Low | Category High | DIHRX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.16% | 0.00% | 17.49% | 40.28% |
Dividend Distribution Analysis
DIHRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
DIHRX | Category Low | Category High | DIHRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.30% | -0.93% | 6.38% | 25.75% |
Capital Gain Distribution Analysis
DIHRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.070 | OrdinaryDividend |
Mar 27, 2024 | $0.055 | OrdinaryDividend |
Dec 13, 2023 | $0.058 | OrdinaryDividend |
Sep 28, 2023 | $0.071 | OrdinaryDividend |
Jun 29, 2023 | $0.138 | OrdinaryDividend |
Mar 30, 2023 | $0.063 | OrdinaryDividend |
Dec 14, 2022 | $0.036 | OrdinaryDividend |
Sep 29, 2022 | $0.081 | OrdinaryDividend |
Jun 29, 2022 | $0.174 | OrdinaryDividend |
Mar 30, 2022 | $0.048 | OrdinaryDividend |
Dec 15, 2021 | $0.173 | OrdinaryDividend |
Sep 29, 2021 | $0.087 | OrdinaryDividend |
Jun 29, 2021 | $0.101 | OrdinaryDividend |
Mar 30, 2021 | $0.065 | OrdinaryDividend |
Dec 16, 2020 | $0.033 | OrdinaryDividend |
Sep 29, 2020 | $0.053 | OrdinaryDividend |
Jun 29, 2020 | $0.049 | OrdinaryDividend |
Mar 30, 2020 | $0.039 | OrdinaryDividend |
Dec 17, 2019 | $0.038 | OrdinaryDividend |
Sep 27, 2019 | $0.051 | OrdinaryDividend |
Jun 27, 2019 | $0.095 | OrdinaryDividend |
Mar 28, 2019 | $0.053 | OrdinaryDividend |
Dec 18, 2018 | $0.036 | OrdinaryDividend |
Sep 27, 2018 | $0.046 | OrdinaryDividend |
Jun 28, 2018 | $0.100 | OrdinaryDividend |
Mar 28, 2018 | $0.035 | OrdinaryDividend |
Dec 15, 2017 | $0.038 | OrdinaryDividend |
Sep 28, 2017 | $0.038 | OrdinaryDividend |
Jun 29, 2017 | $0.018 | OrdinaryDividend |
DIHRX - Fund Manager Analysis
Managers
Jed Fogdall
Start Date
Tenure
Tenure Rank
May 16, 2017
5.04
5.0%
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.
Arun Keswani
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
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, 2022
0.25
0.3%
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 | 30.35 | 6.35 | 3.25 |