World Core Equity Portfolio
Name
As of 11/05/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
16.1%
1 yr return
27.8%
3 Yr Avg Return
6.0%
5 Yr Avg Return
11.2%
Net Assets
$1.14 B
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.44%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
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
DREIX - Profile
Distributions
- YTD Total Return 16.1%
- 3 Yr Annualized Total Return 6.0%
- 5 Yr Annualized Total Return 11.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.64%
- Dividend Yield 1.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameWorld Core Equity Portfolio
-
Fund Family NameDimensional Funds
-
Inception DateMar 07, 2012
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
The World Core Equity Portfolio is a “fund of funds,” which means that the Portfolio generally allocates its assets among other mutual funds managed by the Advisor although it also has the ability to invest directly in securities. To achieve the Portfolio’s and the Underlying Funds’ investment objectives, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As further described below, the Portfolio’s and the Underlying Funds’ designs emphasize 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 World Core Equity Portfolio is designed to provide exposure to a broad portfolio of equity securities of both U.S. companies and non-U.S. companies associated with countries with developed and emerging markets, which may include frontier markets (emerging markets in an earlier stage of development), by primarily purchasing shares of U.S. Core Equity 1 Portfolio, International Core Equity Portfolio and Emerging Markets Core Equity Portfolio (the “Underlying Funds”). Certain Underlying Funds may emphasize securities of smaller, lower relative price, and higher profitability companies. The Portfolio may have exposure to companies in all the market capitalization ranges.
The World Core Equity Portfolio typically allocates its investments among the Underlying Funds in the following manner: 35% to 80% in the U.S. Core Equity 1 Portfolio; 15% to 55% in the International Core Equity Portfolio; and 5% to 20% in the Emerging Markets Core Equity Portfolio. Allocations by the Portfolio among the Underlying Funds within the ranges described above are determined by the relative value of the eligible universe of companies of the Underlying Funds. 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.
As a non-fundamental policy, under normal circumstances, at least 80% of the World Core Equity Portfolio’s net assets will be invested directly, or indirectly through its investment in the Underlying Funds, in equity securities.
The Advisor may also increase or reduce the World Core Equity Portfolio’s and/or Underlying Funds’ 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 World Core Equity 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 certain Underlying Funds’ investments may be denominated in foreign currencies, the Portfolio and certain Underlying Funds 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 and each Underlying Fund may invest in exchange-traded funds (ETFs) for the purposes of gaining exposure to the equity markets, while maintaining liquidity. In addition to money market instruments and other short-term investments, the Portfolio and each Underlying Fund may invest in affiliated and unaffiliated registered and unregistered money market funds. The Portfolio and Underlying Funds may invest in such money market funds and other short-term investments to manage cash pending investment in other securities or to maintain liquidity for the payment of redemptions or other purposes. Investments in ETFs and money market funds may involve a duplication of certain fees and expenses.
The World Core Equity Portfolio and 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 World Core Equity 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”.
DREIX - Performance
Return Ranking - Trailing
Period | DREIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.1% | -35.6% | 29.2% | 12.86% |
1 Yr | 27.8% | 17.3% | 252.4% | 21.14% |
3 Yr | 6.0%* | -3.5% | 34.6% | 60.22% |
5 Yr | 11.2%* | 0.1% | 32.7% | 47.92% |
10 Yr | 9.2%* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | DREIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 16.5% | -24.3% | 957.1% | 53.55% |
2022 | -17.8% | -38.3% | 47.1% | 42.60% |
2021 | 17.4% | -54.2% | 0.6% | 49.80% |
2020 | 11.4% | -76.0% | 54.1% | 27.67% |
2019 | 22.7% | -26.1% | 47.8% | 7.02% |
Total Return Ranking - Trailing
Period | DREIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.1% | -35.6% | 29.2% | 12.98% |
1 Yr | 27.8% | 11.4% | 252.4% | 19.55% |
3 Yr | 6.0%* | -3.5% | 34.6% | 58.15% |
5 Yr | 11.2%* | 0.1% | 32.7% | 45.91% |
10 Yr | 9.2%* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DREIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.5% | -24.3% | 957.1% | 53.55% |
2022 | -14.8% | -33.1% | 47.1% | 42.98% |
2021 | 20.4% | -44.4% | 1.8% | 59.22% |
2020 | 13.4% | -6.5% | 54.1% | 31.77% |
2019 | 25.5% | -14.4% | 47.8% | 3.99% |
NAV & Total Return History
DREIX - Holdings
Concentration Analysis
DREIX | Category Low | Category High | DREIX % Rank | |
---|---|---|---|---|
Net Assets | 1.14 B | 199 K | 133 B | 34.76% |
Number of Holdings | 3 | 1 | 9075 | 99.45% |
Net Assets in Top 10 | 1.14 B | -18 M | 37.6 B | 17.29% |
Weighting of Top 10 | 100.01% | 9.1% | 100.0% | 1.37% |
Top 10 Holdings
- DFA U.S. Core Equity 1 Portfolio 62.77%
- DFA International Core Equity Portfolio 26.14%
- DFA Emerging Markets Core Equity Portfolio 11.10%
Asset Allocation
Weighting | Return Low | Return High | DREIX % Rank | |
---|---|---|---|---|
Stocks | 100.01% | 61.84% | 125.47% | 35.90% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 16.19% |
Other | 0.00% | -13.98% | 19.14% | 25.44% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 80.07% |
Cash | 0.00% | -174.70% | 23.12% | 58.26% |
Bonds | 0.00% | -1.50% | 161.67% | 80.73% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DREIX % Rank | |
---|---|---|---|---|
Technology | 18.37% | 0.00% | 49.87% | 62.44% |
Financial Services | 15.72% | 0.00% | 38.42% | 52.42% |
Industrials | 13.47% | 0.00% | 44.06% | 19.93% |
Consumer Cyclical | 11.69% | 0.00% | 40.94% | 34.80% |
Healthcare | 9.96% | 0.00% | 35.42% | 78.08% |
Basic Materials | 7.37% | 0.00% | 38.60% | 11.01% |
Communication Services | 7.17% | 0.00% | 57.66% | 59.36% |
Consumer Defense | 6.85% | 0.00% | 73.28% | 51.32% |
Energy | 5.37% | 0.00% | 21.15% | 23.90% |
Utilities | 2.76% | 0.00% | 29.12% | 36.34% |
Real Estate | 1.27% | 0.00% | 39.48% | 52.64% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DREIX % Rank | |
---|---|---|---|---|
US | 100.01% | 0.13% | 103.82% | 49.89% |
Non US | 0.00% | 0.58% | 99.46% | 44.49% |
DREIX - Expenses
Operational Fees
DREIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.44% | 0.01% | 44.27% | 95.67% |
Management Fee | 0.22% | 0.00% | 1.82% | 8.10% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.76% | 1.62% |
Sales Fees
DREIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DREIX 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.
DREIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 395.00% | N/A |
DREIX - Distributions
Dividend Yield Analysis
DREIX | Category Low | Category High | DREIX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.88% | 0.00% | 3.26% | 80.09% |
Dividend Distribution Analysis
DREIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Annually | Annually |
Net Income Ratio Analysis
DREIX | Category Low | Category High | DREIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.64% | -4.27% | 12.65% | 19.66% |
Capital Gain Distribution Analysis
DREIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.116 | OrdinaryDividend |
Mar 27, 2024 | $0.052 | OrdinaryDividend |
Dec 13, 2023 | $0.159 | OrdinaryDividend |
Dec 13, 2023 | $0.232 | CapitalGainLongTerm |
Sep 28, 2023 | $0.105 | OrdinaryDividend |
Jun 29, 2023 | $0.154 | OrdinaryDividend |
Mar 30, 2023 | $0.051 | OrdinaryDividend |
Dec 14, 2022 | $0.343 | OrdinaryDividend |
Sep 29, 2022 | $0.140 | OrdinaryDividend |
Jun 29, 2022 | $0.132 | OrdinaryDividend |
Mar 30, 2022 | $0.046 | OrdinaryDividend |
Dec 15, 2021 | $0.304 | OrdinaryDividend |
Sep 29, 2021 | $0.107 | OrdinaryDividend |
Jun 29, 2021 | $0.116 | OrdinaryDividend |
Mar 30, 2021 | $0.044 | OrdinaryDividend |
Dec 16, 2020 | $0.075 | OrdinaryDividend |
Sep 29, 2020 | $0.073 | OrdinaryDividend |
Jun 29, 2020 | $0.088 | OrdinaryDividend |
Mar 30, 2020 | $0.049 | OrdinaryDividend |
Dec 17, 2019 | $0.083 | OrdinaryDividend |
Dec 17, 2019 | $0.029 | CapitalGainLongTerm |
Sep 27, 2019 | $0.095 | OrdinaryDividend |
Jun 27, 2019 | $0.121 | OrdinaryDividend |
Mar 28, 2019 | $0.040 | OrdinaryDividend |
Dec 18, 2018 | $0.098 | OrdinaryDividend |
Dec 18, 2018 | $0.013 | CapitalGainShortTerm |
Dec 18, 2018 | $0.100 | CapitalGainLongTerm |
Sep 27, 2018 | $0.079 | OrdinaryDividend |
Jun 28, 2018 | $0.106 | OrdinaryDividend |
Mar 28, 2018 | $0.013 | OrdinaryDividend |
Dec 15, 2017 | $0.107 | OrdinaryDividend |
Dec 15, 2017 | $0.027 | CapitalGainLongTerm |
Sep 28, 2017 | $0.072 | OrdinaryDividend |
Jun 29, 2017 | $0.103 | OrdinaryDividend |
Mar 30, 2017 | $0.033 | OrdinaryDividend |
Dec 15, 2016 | $0.089 | OrdinaryDividend |
Dec 15, 2016 | $0.002 | CapitalGainShortTerm |
Dec 15, 2016 | $0.043 | CapitalGainLongTerm |
Sep 29, 2016 | $0.036 | OrdinaryDividend |
Jun 29, 2016 | $0.102 | OrdinaryDividend |
Mar 30, 2016 | $0.056 | OrdinaryDividend |
Dec 16, 2015 | $0.068 | OrdinaryDividend |
Dec 16, 2015 | $0.008 | CapitalGainLongTerm |
Sep 09, 2015 | $0.061 | OrdinaryDividend |
Jun 08, 2015 | $0.101 | OrdinaryDividend |
Mar 09, 2015 | $0.027 | OrdinaryDividend |
Dec 16, 2014 | $0.075 | OrdinaryDividend |
Dec 16, 2014 | $0.002 | CapitalGainShortTerm |
Dec 16, 2014 | $0.040 | CapitalGainLongTerm |
Sep 09, 2014 | $0.057 | OrdinaryDividend |
Jun 09, 2014 | $0.077 | OrdinaryDividend |
Mar 10, 2014 | $0.043 | OrdinaryDividend |
Dec 12, 2013 | $0.067 | OrdinaryDividend |
Dec 12, 2013 | $0.077 | CapitalGainShortTerm |
Dec 12, 2013 | $0.105 | CapitalGainLongTerm |
Sep 10, 2013 | $0.051 | OrdinaryDividend |
Jun 10, 2013 | $0.075 | OrdinaryDividend |
Mar 08, 2013 | $0.025 | OrdinaryDividend |
Dec 13, 2012 | $0.081 | OrdinaryDividend |
Dec 13, 2012 | $0.005 | CapitalGainLongTerm |
Sep 10, 2012 | $0.038 | OrdinaryDividend |
DREIX - Fund Manager Analysis
Managers
Jed Fogdall
Start Date
Tenure
Tenure Rank
Mar 07, 2012
10.24
10.2%
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.
Allen Pu
Start Date
Tenure
Tenure Rank
Feb 28, 2015
7.26
7.3%
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.
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.
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 |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |