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DCMSX DFA Commodity Strategy Institutional

  • Fund
  • DCMSX
  • Price as of: Dec 12, 2018
  • $5.64
  • - $0.03
  • - 0.53%
  • Category
  • Commodity Producers Equities

DCMSX - Profile

Vitals

  • YTD Return -5.4%
  • 3 Yr Annualized Return 2.3%
  • 5 Yr Annualized Return -6.2%
  • Net Assets $2 B
  • Holdings in Top 10 35.4%

52 WEEK LOW AND HIGH

$5.64
$5.56
$6.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.39%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 102.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Commodity Producers Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return -5.4%
  • 3 Yr Annualized Total Return 2.3%
  • 5 Yr Annualized Total Return -6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.17%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name DFA Commodity Strategy Portfolio
  • Fund Family Name Dimensional Fund Advisors
  • Inception Date Nov 09, 2010
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager David A. Plecha

Fund Description

The Portfolio seeks to achieve its investment objective by generally investing in a universe of allowable commodity-linked derivative instruments and fixed income investment opportunities. It may invest up to 25% of its total assets in Dimensional Cayman Commodity Fund I Ltd.

DCMSX - Performance

Return Ranking - Trailing

Period DCMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.4% -16.4% 18.2% 24.77% 2
1 Yr -2.6% -25.6% 25.5% 25.45% 2
3 Yr 2.3% * -16.0% 12.8% 18.45% 1
5 Yr -6.2% * -14.8% 4.6% 36.73% 2
10 Yr N/A * -11.8% 10.2% N/A N/A

* Annualized


Return Ranking - Calendar

Period DCMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.5% -28.1% 19.1% 58.33% 4
2016 12.4% -25.1% 41.9% 24.00% 2
2015 -24.0% -35.0% 0.0% 50.00% 3
2014 -15.6% -34.3% 7.0% 38.30% 2
2013 -9.6% -51.4% 23.5% 52.22% 3

Total Return Ranking - Trailing

Period DCMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -5.4% -100.0% 18.2% 24.77% 2
1 Yr -2.6% -25.6% 25.5% 23.64% 2
3 Yr 2.3% * -16.9% 13.4% 17.48% 1
5 Yr -6.2% * -15.0% 4.6% 32.65% 2
10 Yr N/A * -11.8% 10.2% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period DCMSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 -0.5% -28.1% 19.1% 58.33% 4
2016 12.9% -25.1% 44.4% 18.00% 1
2015 -24.0% -35.0% 1.4% 52.00% 3
2014 -14.8% -34.3% 9.0% 36.17% 2
2013 -9.5% -51.7% 24.8% 52.22% 3

NAV & Total Return History

DCMSX - Holdings

Filings data as of: Sep 30, 2018

Concentration Analysis

DCMSX Category Low Category High DCMSX % Rank Quintile
Net Assets 2 B 758 K 3.88 B 4.55% 1
Number of Holdings 230 2 377 5.45% 1
Net Assets in Top 10 591 M -48.7 M 1.37 B 5.45% 1
Weighting of Top 10 35.4% 1.2% 201.4% 24.55% 4

Top 10 Holdings

  1. United States Treasury Notes 1.38% 10.42%
  2. United States Treasury Notes 1.38% 6.00%
  3. United States Treasury Notes 1.62% 3.75%
  4. Quebec (Province Of) 4.5% 2.66%
  5. Canada Housing Trust No.1 1.45% 2.60%
  6. Ontario (Province Of) 4.2% 2.39%
  7. United States Treasury Notes 1.25% 2.23%
  8. Canada (Government of) 1.75% 2.07%
  9. Erste Abwicklungsanstalt 1.38% 1.47%
  10. Oracle Corporation 2.25% 1.77%

Asset Allocation

Weighting Category Low Category High DCMSX % Rank Quintile
Bonds
94.21% 0.00% 95.64% 1.82% 1
Cash
4.57% -101.98% 102.38% 28.18% 4
Other
1.23% -3.78% 106.34% 20.00% 3
Stocks
0.00% -0.09% 99.47% 17.27% 4
Preferred Stocks
0.00% 0.00% 0.00% 0.91% 4
Convertible Bonds
0.00% 0.00% 0.35% 3.64% 4

Bond Sector Breakdown

Weighting Category Low Category High DCMSX % Rank Quintile
Corporate
51.84% 0.00% 56.34% 1.82% 1
Government
42.37% 0.00% 95.64% 8.18% 2
Cash & Equivalents
23.86% -101.98% 102.38% 20.00% 3
Securitized
0.00% 0.00% 21.69% 10.00% 4
Municipal
0.00% 0.00% 0.44% 1.82% 4
Derivative
-19.30% -19.30% 0.19% 5.45% 5

Bond Geographic Breakdown

Weighting Category Low Category High DCMSX % Rank Quintile
US
57.19% -0.04% 95.64% 8.18% 2
Non US
37.02% 0.00% 37.02% 0.91% 1

DCMSX - Expenses

Operational Fees

DCMSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.39% 0.39% 18.01% 80.91% 1
Management Fee 0.30% 0.00% 1.50% 23.64% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.01% 0.01% 1.05% 25.00% 1

Sales Fees

DCMSX Fees (% of AUM) Category Low Category High DCMSX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

DCMSX Fees (% of AUM) Category Low Category High DCMSX Rank Quintile
Max Redemption Fee N/A 0.75% 2.00% N/A N/A

Turnover 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.

DCMSX Fees (% of AUM) Category Low Category High DCMSX Rank Quintile
Turnover 102.00% 0.00% 1331.00% 6.60% 4

DCMSX - Distributions

Dividend Yield Analysis

DCMSX Category Low Category High DCMSX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.21% 74.03% 4

Dividend Distribution Analysis

DCMSX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

DCMSX Category Low Category High DCMSX % Rank Quintile
Net Income Ratio 1.17% -2.69% 2.36% 11.82% 1

Capital Gain Distribution Analysis

DCMSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

DCMSX - Managers

David A. Plecha

Manager

Start Date

Nov 09, 2010

Tenure

8.06

Tenure Rank

7.3%

Mr. Plecha is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP and a member of the Investment Committee. Mr. Plecha received his BS from the University of Michigan at Ann Arbor in 1983 and his MBA from the University of California at Los Angeles in 1987. Mr. Plecha has been a portfolio manager since 1989.


Joseph F. Kolerich

Manager

Start Date

Feb 28, 2012

Tenure

6.76

Tenure Rank

11.7%

Mr. Kolerich is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP 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 Dimensional Fund Advisors LP as a portfolio manager in 2001 and has been responsible for the fixed income portfolios since 2012.


Alan R. Hutchison

Manager

Start Date

Jul 21, 2015

Tenure

3.36

Tenure Rank

16.3%

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 the Dimensional Fund Advisors LP in 2006, has been a portfolio manager since 2010.


Tenure Analysis

Category Low

0.0

Category High

14.4

Category Average

5.81

Category Mode

3.9