DFA REAL ESTATE SECURITIES PORTFOLIO
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.8%
1 yr return
5.5%
3 Yr Avg Return
-3.3%
5 Yr Avg Return
3.7%
Net Assets
$7.01 B
Holdings in Top 10
48.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.20%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFREX - Profile
Distributions
- YTD Total Return 4.8%
- 3 Yr Annualized Total Return -3.3%
- 5 Yr Annualized Total Return 3.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.12%
- Dividend Yield 6.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDFA REAL ESTATE SECURITIES PORTFOLIO
-
Fund Family NameDimensional Fund Advisors
-
Inception DateJun 17, 1994
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
To achieve the DFA Real Estate Securities Portfolio’s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions.
The DFA Real Estate Securities Portfolio, using a market capitalization weighted approach, purchases readily marketable equity securities of companies whose principal activities include ownership, management, development, construction, or sale of residential, commercial or industrial real estate. The Portfolio will principally invest in equity securities of companies in certain real estate investment trusts (“REITs”) and companies engaged in residential construction and firms, except partnerships, whose principal business is to develop commercial property. The Portfolio invests in companies of all sizes. A company’s market capitalization is the number of its shares outstanding times its price per share. Under a market capitalization weighted approach, companies with higher market capitalizations generally represent a larger proportion of the Portfolio than companies with relatively lower market capitalizations. The Advisor may adjust the representation in the Portfolio of an eligible company, or exclude a company, after considering such factors as free float, price momentum, short-run reversals, trading strategies, liquidity, size, relative price, profitability, and other factors that the Advisor determines to be appropriate. 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.
As a non-fundamental policy, under normal circumstances, at least 80% of the DFA Real Estate Securities Portfolio’s net assets will be invested in securities of companies in the real estate industry. The Portfolio concentrates (i.e., invests more than 25% of its net assets) its investments in securities of companies in the real estate industry. The Portfolio generally considers a company to be principally engaged in the real estate industry if the company (i) derives at least 50% of its revenue or profits from the ownership, management, development, construction, or sale of residential, commercial, industrial, or other real estate; (ii) has at least 50% of the value of its assets invested in residential, commercial, industrial, or other real estate; or (iii) is organized as a REIT or REIT-like entity. REITs and REIT-like entities are types of real estate companies that pool investors’ funds for investment primarily in income producing real estate or real estate related loans or interests. The Portfolio will make equity investments in securities listed on a securities exchange in the United States that is deemed appropriate by the Advisor.
The DFA Real Estate Securities Portfolio may purchase or sell futures contracts and options on futures contracts for 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.
The DFA Real Estate Securities Portfolio may lend its portfolio securities to generate additional income.
DFREX - Performance
Return Ranking - Trailing
Period | DFREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.8% | -13.6% | 15.7% | 42.44% |
1 Yr | 5.5% | -12.7% | 16.3% | 43.70% |
3 Yr | -3.3%* | -13.6% | 5.4% | 47.03% |
5 Yr | 3.7%* | -12.6% | 12.5% | 45.50% |
10 Yr | 5.5%* | -2.5% | 13.4% | 28.75% |
* Annualized
Return Ranking - Calendar
Period | DFREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.0% | -16.2% | 24.6% | 62.03% |
2022 | -29.2% | -51.3% | 2.5% | 33.47% |
2021 | 38.0% | -7.7% | 52.3% | 15.74% |
2020 | -8.3% | -42.2% | 35.0% | 46.40% |
2019 | 25.2% | 0.0% | 43.1% | 14.88% |
Total Return Ranking - Trailing
Period | DFREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.8% | -13.6% | 15.7% | 42.44% |
1 Yr | 5.5% | -12.7% | 16.3% | 43.70% |
3 Yr | -3.3%* | -13.6% | 5.4% | 47.03% |
5 Yr | 3.7%* | -12.6% | 12.5% | 45.50% |
10 Yr | 5.5%* | -2.5% | 13.4% | 28.75% |
* Annualized
Total Return Ranking - Calendar
Period | DFREX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.2% | -13.7% | 25.0% | 59.49% |
2022 | -25.0% | -40.7% | 7.8% | 30.08% |
2021 | 41.9% | 7.8% | 54.6% | 37.02% |
2020 | -5.0% | -36.6% | 44.3% | 54.05% |
2019 | 28.1% | 4.1% | 46.4% | 42.79% |
NAV & Total Return History
DFREX - Holdings
Concentration Analysis
DFREX | Category Low | Category High | DFREX % Rank | |
---|---|---|---|---|
Net Assets | 7.01 B | 2.26 M | 70.8 B | 6.06% |
Number of Holdings | 140 | 22 | 548 | 10.92% |
Net Assets in Top 10 | 3.54 B | 1.29 M | 32.8 B | 11.34% |
Weighting of Top 10 | 48.70% | 13.2% | 82.2% | 76.05% |
Top 10 Holdings
- Prologis, Inc. 9.04%
- American Tower Corp. 7.93%
- Equinix, Inc. 5.77%
- Welltower, Inc. 4.62%
- Simon Property Group, Inc. 3.85%
- Realty Income Corp. 3.85%
- Digital Realty Trust, Inc. 3.75%
- Crown Castle, Inc. 3.68%
- Public Storage 3.61%
- Extra Space Storage, Inc. 2.59%
Asset Allocation
Weighting | Return Low | Return High | DFREX % Rank | |
---|---|---|---|---|
Stocks | 99.88% | 0.00% | 100.25% | 2.52% |
Cash | 1.78% | -42.50% | 24.34% | 28.15% |
Other | 0.01% | -82.45% | 106.21% | 30.67% |
Preferred Stocks | 0.00% | 0.00% | 31.13% | 22.27% |
Convertible Bonds | 0.00% | 0.00% | 10.95% | 10.55% |
Bonds | 0.00% | 0.00% | 149.68% | 18.07% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DFREX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 34.46% | 100.00% | 1.33% |
Utilities | 0.00% | 0.00% | 3.55% | 5.31% |
Technology | 0.00% | 0.00% | 12.02% | 23.89% |
Industrials | 0.00% | 0.00% | 7.39% | 11.95% |
Healthcare | 0.00% | 0.00% | 0.53% | 6.64% |
Financial Services | 0.00% | 0.00% | 37.05% | 18.14% |
Energy | 0.00% | 0.00% | 33.11% | 6.19% |
Communication Services | 0.00% | 0.00% | 11.61% | 15.04% |
Consumer Defense | 0.00% | 0.00% | 0.93% | 3.54% |
Consumer Cyclical | 0.00% | 0.00% | 45.29% | 38.05% |
Basic Materials | 0.00% | 0.00% | 13.69% | 10.18% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DFREX % Rank | |
---|---|---|---|---|
US | 99.88% | 0.00% | 100.25% | 2.10% |
Non US | 0.00% | 0.00% | 36.61% | 14.29% |
DFREX - Expenses
Operational Fees
DFREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.20% | 0.07% | 8.91% | 94.89% |
Management Fee | 0.17% | 0.00% | 1.50% | 5.88% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | 100.00% |
Sales Fees
DFREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
DFREX 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.
DFREX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 5.00% | 0.11% | 380.00% | 3.15% |
DFREX - Distributions
Dividend Yield Analysis
DFREX | Category Low | Category High | DFREX % Rank | |
---|---|---|---|---|
Dividend Yield | 6.75% | 0.00% | 13.03% | 17.65% |
Dividend Distribution Analysis
DFREX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
DFREX | Category Low | Category High | DFREX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.12% | -1.14% | 6.05% | 15.74% |
Capital Gain Distribution Analysis
DFREX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 10, 2024 | $0.663 | OrdinaryDividend |
Sep 27, 2024 | $0.200 | OrdinaryDividend |
Mar 27, 2024 | $0.137 | OrdinaryDividend |
Dec 11, 2023 | $0.766 | OrdinaryDividend |
Dec 11, 2023 | $0.168 | CapitalGainLongTerm |
Sep 28, 2023 | $0.179 | OrdinaryDividend |
Jun 29, 2023 | $0.176 | OrdinaryDividend |
Mar 30, 2023 | $0.121 | OrdinaryDividend |
Dec 12, 2022 | $0.745 | OrdinaryDividend |
Dec 12, 2022 | $1.335 | CapitalGainLongTerm |
Sep 29, 2022 | $0.095 | OrdinaryDividend |
Jun 29, 2022 | $0.023 | OrdinaryDividend |
Mar 30, 2022 | $0.091 | OrdinaryDividend |
Dec 13, 2021 | $0.577 | OrdinaryDividend |
Dec 13, 2021 | $0.084 | CapitalGainShortTerm |
Dec 13, 2021 | $0.421 | CapitalGainLongTerm |
Sep 29, 2021 | $0.011 | OrdinaryDividend |
Jun 29, 2021 | $0.129 | OrdinaryDividend |
Mar 30, 2021 | $0.107 | OrdinaryDividend |
Dec 30, 2020 | $0.179 | OrdinaryDividend |
Dec 14, 2020 | $0.651 | OrdinaryDividend |
Sep 29, 2020 | $0.151 | OrdinaryDividend |
Jun 29, 2020 | $0.121 | OrdinaryDividend |
Mar 30, 2020 | $0.157 | OrdinaryDividend |
Dec 16, 2019 | $0.445 | OrdinaryDividend |
Dec 16, 2019 | $0.056 | CapitalGainLongTerm |
Sep 27, 2019 | $0.079 | OrdinaryDividend |
Jun 27, 2019 | $0.172 | OrdinaryDividend |
Mar 28, 2019 | $0.161 | OrdinaryDividend |
Dec 17, 2018 | $0.436 | OrdinaryDividend |
Sep 27, 2018 | $0.606 | OrdinaryDividend |
Jun 28, 2018 | $0.351 | OrdinaryDividend |
Mar 28, 2018 | $0.201 | OrdinaryDividend |
Dec 14, 2017 | $0.496 | OrdinaryDividend |
Dec 14, 2017 | $0.027 | CapitalGainShortTerm |
Dec 14, 2017 | $0.084 | CapitalGainLongTerm |
Sep 28, 2017 | $0.048 | OrdinaryDividend |
Jun 29, 2017 | $0.325 | OrdinaryDividend |
Mar 30, 2017 | $0.182 | OrdinaryDividend |
Dec 14, 2016 | $0.424 | OrdinaryDividend |
Dec 14, 2016 | $0.311 | CapitalGainLongTerm |
Jun 29, 2016 | $0.313 | OrdinaryDividend |
Mar 30, 2016 | $0.352 | OrdinaryDividend |
Dec 15, 2015 | $0.325 | OrdinaryDividend |
Jun 08, 2015 | $0.334 | OrdinaryDividend |
Mar 09, 2015 | $0.290 | OrdinaryDividend |
Dec 15, 2014 | $0.430 | OrdinaryDividend |
Sep 09, 2014 | $0.062 | OrdinaryDividend |
Jun 09, 2014 | $0.254 | OrdinaryDividend |
Mar 10, 2014 | $0.113 | OrdinaryDividend |
Dec 11, 2013 | $0.438 | OrdinaryDividend |
Sep 10, 2013 | $0.036 | OrdinaryDividend |
Jun 10, 2013 | $0.262 | OrdinaryDividend |
Mar 08, 2013 | $0.049 | OrdinaryDividend |
Dec 12, 2012 | $0.336 | OrdinaryDividend |
Sep 10, 2012 | $0.307 | OrdinaryDividend |
Jun 08, 2012 | $0.129 | OrdinaryDividend |
Dec 12, 2011 | $0.290 | OrdinaryDividend |
Sep 08, 2011 | $0.042 | OrdinaryDividend |
Jun 08, 2011 | $0.049 | OrdinaryDividend |
Dec 08, 2010 | $0.226 | OrdinaryDividend |
Sep 08, 2010 | $0.128 | OrdinaryDividend |
Jun 08, 2010 | $0.128 | OrdinaryDividend |
Mar 09, 2010 | $0.069 | OrdinaryDividend |
Dec 08, 2009 | $0.221 | OrdinaryDividend |
Sep 09, 2009 | $0.177 | OrdinaryDividend |
Jun 09, 2009 | $0.117 | OrdinaryDividend |
Mar 10, 2009 | $0.083 | OrdinaryDividend |
Dec 09, 2008 | $0.453 | OrdinaryDividend |
Jun 10, 2008 | $0.167 | OrdinaryDividend |
Mar 10, 2008 | $0.043 | OrdinaryDividend |
Dec 19, 2007 | $0.142 | OrdinaryDividend |
Dec 19, 2007 | $0.034 | CapitalGainShortTerm |
Dec 19, 2007 | $2.014 | CapitalGainLongTerm |
Nov 26, 2007 | $0.075 | OrdinaryDividend |
Jun 08, 2007 | $0.267 | OrdinaryDividend |
Mar 08, 2007 | $0.146 | OrdinaryDividend |
Dec 18, 2006 | $0.210 | OrdinaryDividend |
Dec 18, 2006 | $0.035 | CapitalGainShortTerm |
Dec 18, 2006 | $0.840 | CapitalGainLongTerm |
Nov 27, 2006 | $0.280 | ExtraDividend |
Sep 08, 2006 | $0.250 | OrdinaryDividend |
Dec 19, 2005 | $0.510 | OrdinaryDividend |
Dec 19, 2005 | $0.079 | CapitalGainShortTerm |
Dec 19, 2005 | $0.162 | CapitalGainLongTerm |
Sep 08, 2005 | $0.190 | OrdinaryDividend |
Dec 20, 2004 | $0.826 | OrdinaryDividend |
Dec 20, 2004 | $0.057 | CapitalGainShortTerm |
Dec 20, 2004 | $0.343 | CapitalGainLongTerm |
Sep 08, 2004 | $0.030 | OrdinaryDividend |
Jun 08, 2004 | $0.145 | OrdinaryDividend |
Dec 22, 2003 | $0.006 | CapitalGainShortTerm |
Dec 22, 2003 | $0.033 | CapitalGainLongTerm |
Dec 22, 2003 | $0.837 | OrdinaryDividend |
Dec 16, 2002 | $0.001 | CapitalGainShortTerm |
Dec 16, 2002 | $0.082 | CapitalGainLongTerm |
Dec 16, 2002 | $0.750 | OrdinaryDividend |
Dec 17, 2001 | $0.030 | CapitalGainLongTerm |
Dec 17, 2001 | $0.851 | OrdinaryDividend |
Dec 27, 1996 | $0.680 | OrdinaryDividend |
Dec 27, 1995 | $0.143 | OrdinaryDividend |
Nov 27, 1995 | $0.480 | OrdinaryDividend |
Dec 28, 1994 | $0.090 | OrdinaryDividend |
Nov 28, 1994 | $0.323 | OrdinaryDividend |
Dec 15, 1993 | $0.019 | OrdinaryDividend |
Nov 16, 1993 | $0.038 | OrdinaryDividend |
DFREX - Fund Manager Analysis
Managers
Jed Fogdall
Start Date
Tenure
Tenure Rank
Feb 28, 2012
10.26
10.3%
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.
John Hertzer
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
Mr. Hertzer joined DFA in 2013. Mr. Hertzer began his investment career in 2004 and earned a B.A. from Dartmouth College and an M.B.A. from the University of California Los Angeles.
Mary Phillips
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 28.42 | 8.32 | 2.68 |