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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

$15.03

$694 M

0.00%

0.48%

Vitals

YTD Return

7.6%

1 yr return

20.1%

3 Yr Avg Return

2.7%

5 Yr Avg Return

8.6%

Net Assets

$694 M

Holdings in Top 10

6.8%

52 WEEK LOW AND HIGH

$14.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.48%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 28.00%

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

$15.03

$694 M

0.00%

0.48%

DWUSX - Profile

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 8.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    World ex U.S. Targeted Value Portfolio
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Nov 01, 2012
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jed Fogdall

Fund Description

To achieve the World ex U.S. Targeted Value 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 World ex U.S. Targeted Value Portfolio is designed to provide exposure to a broad and diverse portfolio of securities of non-U.S. companies, with a focus on small and mid-cap value companies with higher profitability, associated with countries with developed and emerging markets, which may include frontier markets (emerging

market countries in an earlier stage of development), authorized for investment by the Advisor’s Investment Committee (“Approved Markets”). 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 small- and mid-cap value segments of the Approved Markets in which the Portfolio is authorized to invest. 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.

When managing the World ex U.S. Targeted Value Portfolio’s investment portfolio, the Advisor intends to consider federal tax implications when making investment decisions with respect to individual securities to seek to provide a tax advantage. When consistent with the Portfolio’s investment policies, the Advisor will buy and sell securities for the Portfolio considering the goals of: (i) delaying and reducing the realization of net capital gains (e.g., selling stocks with capital losses to offset gains, realized or anticipated); and (ii) increasing the extent to which any realized net capital gains are long-term in nature (i.e., taxable at lower capital gains tax rates).

The Advisor may also increase or reduce the World ex U.S. Targeted Value Portfolio’s 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 ex U.S. Targeted Value Portfolio may gain exposure to companies associated with approved markets by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer’s domicile country. The Portfolio may purchase or sell futures contracts and options on futures contracts for approved market 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 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 World ex U.S. Targeted Value Portfolio may lend its portfolio securities to generate additional income.

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DWUSX - Performance

Return Ranking - Trailing

Period DWUSX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% 2.5% 20.8% 40.74%
1 Yr 20.1% 4.9% 44.5% 42.59%
3 Yr 2.7%* -2.8% 30.4% 41.18%
5 Yr 8.6%* 4.6% 21.2% 42.22%
10 Yr 4.8%* 2.2% 6.6% 50.00%

* Annualized

Return Ranking - Calendar

Period DWUSX Return Category Return Low Category Return High Rank in Category (%)
2023 13.9% -5.4% 35.2% 37.74%
2022 -14.4% -22.7% 5.8% 49.02%
2021 6.2% -5.7% 19.7% 82.35%
2020 3.2% -10.7% 30.9% 55.10%
2019 13.5% 2.1% 31.6% 73.33%

Total Return Ranking - Trailing

Period DWUSX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.6% 2.5% 20.8% 40.74%
1 Yr 20.1% 4.9% 44.5% 42.59%
3 Yr 2.7%* -2.8% 30.4% 41.18%
5 Yr 8.6%* 4.6% 21.2% 42.22%
10 Yr 4.8%* 2.2% 6.6% 50.00%

* Annualized

Total Return Ranking - Calendar

Period DWUSX Return Category Return Low Category Return High Rank in Category (%)
2023 17.4% 3.2% 40.0% 43.40%
2022 -11.8% -22.3% 6.4% 50.98%
2021 14.3% 9.0% 77.0% 64.71%
2020 5.0% -10.3% 37.2% 63.27%
2019 17.4% 8.6% 31.9% 68.89%

NAV & Total Return History


DWUSX - Holdings

Concentration Analysis

DWUSX Category Low Category High DWUSX % Rank
Net Assets 694 M 6.93 M 10.9 B 42.59%
Number of Holdings 5068 10 5068 1.85%
Net Assets in Top 10 46.9 M 610 K 3.03 B 62.96%
Weighting of Top 10 6.75% 2.6% 109.4% 96.30%

Top 10 Holdings

  1. DFA Short Term Investment Fund 1.88%
  2. DFA Investment Trust Co. 1.87%
  3. Bank of Ireland Group PLC 0.44%
  4. Covestro AG 0.40%
  5. Centrica PLC 0.37%
  6. Commerzbank AG 0.37%
  7. Julius Baer Group Ltd. 0.36%
  8. Aegon Ltd. 0.36%
  9. ARC Resources Ltd. 0.35%
  10. Emaar Properties PJSC 0.35%

Asset Allocation

Weighting Return Low Return High DWUSX % Rank
Stocks
101.07% 81.91% 101.62% 3.70%
Cash
1.88% 0.00% 18.09% 55.56%
Preferred Stocks
0.45% 0.00% 4.46% 33.33%
Other
0.01% -1.36% 4.62% 27.78%
Convertible Bonds
0.00% 0.00% 0.41% 98.08%
Bonds
0.00% 0.00% 5.03% 98.15%

Stock Sector Breakdown

Weighting Return Low Return High DWUSX % Rank
Industrials
20.45% 5.36% 31.52% 65.38%
Financial Services
17.93% 3.05% 32.74% 40.38%
Basic Materials
17.37% 1.74% 28.84% 11.54%
Consumer Cyclical
12.15% 4.00% 24.14% 32.69%
Technology
6.86% 0.00% 18.01% 63.46%
Energy
5.83% 0.00% 19.25% 61.54%
Consumer Defense
4.95% 3.45% 18.05% 73.08%
Real Estate
4.76% 0.00% 16.01% 48.08%
Healthcare
4.01% 0.00% 9.89% 48.08%
Communication Services
3.63% 0.00% 8.94% 65.38%
Utilities
2.05% 0.00% 15.19% 55.77%

Stock Geographic Breakdown

Weighting Return Low Return High DWUSX % Rank
Non US
97.50% 0.00% 100.52% 33.33%
US
3.56% 0.00% 99.83% 40.74%

DWUSX - Expenses

Operational Fees

DWUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% 0.34% 4.59% 88.89%
Management Fee 0.40% 0.30% 1.05% 12.96%
12b-1 Fee N/A 0.00% 0.75% N/A
Administrative Fee N/A 0.01% 0.15% 12.00%

Sales Fees

DWUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 5.75% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

DWUSX 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.

DWUSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 2.00% 119.00% 37.50%

DWUSX - Distributions

Dividend Yield Analysis

DWUSX Category Low Category High DWUSX % Rank
Dividend Yield 0.00% 0.00% 8.78% 62.96%

Dividend Distribution Analysis

DWUSX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Annual

Net Income Ratio Analysis

DWUSX Category Low Category High DWUSX % Rank
Net Income Ratio 2.20% -0.10% 4.33% 28.85%

Capital Gain Distribution Analysis

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

Distributions History

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DWUSX - Fund Manager Analysis

Managers

Jed Fogdall


Start Date

Tenure

Tenure Rank

Nov 01, 2012

9.58

9.6%

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

Feb 28, 2016

6.26

6.3%

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, 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
0.06 26.6 7.22 10.34