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Trending ETFs

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.37

$1.06 B

2.70%

$0.23

0.20%

Vitals

YTD Return

-2.0%

1 yr return

6.2%

3 Yr Avg Return

-4.4%

5 Yr Avg Return

-1.8%

Net Assets

$1.06 B

Holdings in Top 10

47.2%

52 WEEK LOW AND HIGH

$8.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.20%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$8.37

$1.06 B

2.70%

$0.23

0.20%

DWFIX - Profile

Distributions

  • YTD Total Return -2.0%
  • 3 Yr Annualized Total Return -4.4%
  • 5 Yr Annualized Total Return -1.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.70%
DIVIDENDS
  • Dividend Yield 2.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    DFA World ex U.S. Government Fixed Income Portfolio
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Dec 06, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Plecha

Fund Description

The World ex U.S. Government Portfolio seeks its investment objective by investing in a universe of obligations issued or guaranteed primarily by non-U.S. government issuers, their agencies and instrumentalities and supranational organizations having investment grade credit ratings 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 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. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in fixed income securities issued or guaranteed by foreign governments or their authorities, agencies, instrumentalities or political subdivisions.

Generally, the World ex U.S. Government Portfolio will purchase fixed income securities that mature between five and fifteen years from the date of settlement. Under normal circumstances, the Portfolio will generally maintain a weighted average duration of no more than one quarter year greater than, and no less than one year below, the weighted average duration of the FTSE Non-USD World Government Bond Index, Currency-Hedged in USD Terms, which was approximately 8.19 years as of December 31, 2023. From time to time, the Portfolio may deviate from this duration range when the Advisor determines it to be appropriate under the circumstances. Duration is a measure of the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates.

Because many of the World ex U.S. Government 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 also invest in money market funds. 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 World ex U.S. Government Portfolio is “non-diversified,” which means that the Portfolio may invest its assets in a smaller number of issuers than a diversified fund.

The World ex U.S. Government Portfolio may lend its portfolio securities to generate additional income.

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DWFIX - Performance

Return Ranking - Trailing

Period DWFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -15.2% -2.4% 83.08%
1 Yr 6.2% -10.4% -2.5% 95.42%
3 Yr -4.4%* -1.2% 4.2% 96.61%
5 Yr -1.8%* -0.1% 3.7% 77.32%
10 Yr 1.6%* 0.0% 4.6% 31.94%

* Annualized

Return Ranking - Calendar

Period DWFIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -9.4% -0.6% 79.84%
2022 -18.9% -1.3% 7.0% 28.32%
2021 -6.3% 0.5% 200.9% 75.23%
2020 4.6% -15.5% 3.1% 49.00%
2019 4.1% -0.6% 30.6% 35.90%

Total Return Ranking - Trailing

Period DWFIX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.0% -15.2% -2.4% 82.31%
1 Yr 6.2% -12.6% -2.5% 85.50%
3 Yr -4.4%* -1.6% 4.2% 94.07%
5 Yr -1.8%* -0.1% 3.7% 70.10%
10 Yr 1.6%* 0.0% 4.6% 30.56%

* Annualized

Total Return Ranking - Calendar

Period DWFIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.0% -9.4% -0.6% 79.84%
2022 -18.9% -1.3% 7.0% 28.32%
2021 -4.6% 0.5% 200.9% 75.23%
2020 6.4% -15.5% 3.3% 1.00%
2019 8.5% 0.1% 30.6% 46.15%

NAV & Total Return History


DWFIX - Holdings

Concentration Analysis

DWFIX Category Low Category High DWFIX % Rank
Net Assets 1.06 B 21.8 M 93.5 B 41.22%
Number of Holdings 81 5 7040 95.45%
Net Assets in Top 10 503 M -839 M 6.06 B 17.42%
Weighting of Top 10 47.22% 6.1% 100.0% 16.67%

Top 10 Holdings

  1. U.K. Gilts 13.16%
  2. French Republic Government Bonds OAT 6.63%
  3. French Republic Government Bonds OAT 5.52%
  4. French Republic Government Bonds OAT 4.23%
  5. Finland Government Bonds 3.67%
  6. U.S. Treasury Bonds 2.96%
  7. CPPIB Capital, Inc. 2.83%
  8. Swiss Confederation Government Bonds 2.82%
  9. Kuntarahoitus OYJ 2.73%
  10. European Financial Stability Facility 2.68%

Asset Allocation

Weighting Return Low Return High DWFIX % Rank
Bonds
97.62% 36.86% 100.73% 3.03%
Cash
1.71% -2.75% 67.17% 90.91%
Other
0.67% -8.93% 0.72% 15.91%
Stocks
0.00% 0.00% 0.70% 34.85%
Preferred Stocks
0.00% 0.00% 0.73% 29.55%
Convertible Bonds
0.00% 0.00% 14.16% 97.73%

Bond Sector Breakdown

Weighting Return Low Return High DWFIX % Rank
Government
41.25% 1.71% 97.31% 28.03%
Corporate
1.67% 0.00% 70.79% 97.73%
Derivative
0.67% 0.00% 50.79% 21.97%
Cash & Equivalents
0.00% 0.00% 51.02% 13.64%
Securitized
0.00% 0.00% 29.11% 91.67%
Municipal
0.00% 0.00% 3.10% 43.18%

Bond Geographic Breakdown

Weighting Return Low Return High DWFIX % Rank
Non US
94.66% 26.05% 98.85% 3.79%
US
2.96% -11.86% 53.57% 81.06%

DWFIX - Expenses

Operational Fees

DWFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.02% 1.81% 88.28%
Management Fee 0.16% 0.00% 0.83% 12.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% 0.60%

Sales Fees

DWFIX 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

DWFIX 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.

DWFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 2.00% 402.00% 25.23%

DWFIX - Distributions

Dividend Yield Analysis

DWFIX Category Low Category High DWFIX % Rank
Dividend Yield 2.70% 0.00% 2.20% 43.18%

Dividend Distribution Analysis

DWFIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Monthly

Net Income Ratio Analysis

DWFIX Category Low Category High DWFIX % Rank
Net Income Ratio 0.70% -0.30% 3.10% 80.92%

Capital Gain Distribution Analysis

DWFIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

DWFIX - Fund Manager Analysis

Managers

David Plecha


Start Date

Tenure

Tenure Rank

Dec 06, 2011

10.49

10.5%

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.

Alan Hutchison


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Mr. Hutchison is a Portfolio Manager of Dimensional Fund Advisors LP. Mr. Hutchison holds an MBA from Drake University and a BBA from Texas Tech University. Mr. Hutchison joined Dimensional Fund Advisors LP in 2006, has been a portfolio manager since 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 31.42 5.43 0.92