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DFREX DFA Real Estate Securities I

  • Fund
  • DFREX
  • Price as of: Aug 08, 2016
  • $37.68
  • + $0.06
  • + 0.16%
  • Category
  • Real Estate

DFREX - Profile

Vitals

  • YTD Return 14.0%
  • 3 Yr Annualized Return 14.9%
  • 5 Yr Annualized Return 13.1%
  • Net Assets $7.92 B
  • Holdings in Top 10 36.1%

52 WEEK LOW AND HIGH

$37.68
$32.10
$38.57

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.19%

SALES FEES

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

BROKERAGE FEES

  • Turnover 4.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Real Estate
  • Fund Type Open End Mutual Fund
  • Investment Style Real Estate

Distributions

  • YTD Total Return 14.0%
  • 3 Yr Annualized Total Return 14.9%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.75%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name DFA Real Estate Securities Portfolio
  • Fund Family Name Dimensional Fund Advisors
  • Inception Date Jan 05, 1993
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Jed S. Fogdall

Fund Description

The fund, using a free float-adjusted 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. It will principally invest in equity securities of companies in certain real estate investment trusts and companies engaged in residential construction and firms, except partnerships, whose principal business is to develop commercial property.

DFREX - Performance

Return Ranking - Trailing

Period DFREX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.0% -8.5% 15.8% 7.72% 1
1 Yr 22.7% -14.6% 34.3% 3.56% 1
3 Yr 14.9% * 5.6% 17.0% 13.49% 1
5 Yr 13.1% * 6.1% 14.1% 8.67% 1
10 Yr 7.2% * 2.7% 10.5% 31.49% 2

* Annualized


Return Ranking - Calendar

Period DFREX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.1% -23.9% 92.3% 23.25% 2
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period DFREX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.0% -8.5% 15.8% 8.05% 1
1 Yr 22.7% -19.4% 29.3% 3.16% 1
3 Yr 14.9% * 5.6% 17.0% 11.63% 1
5 Yr 13.1% * 6.1% 14.1% 7.65% 1
10 Yr 7.2% * 2.7% 10.5% 29.28% 2

* Annualized


Total Return Ranking - Calendar

Period DFREX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.1% -23.9% 92.3% 23.25% 2
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

DFREX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

DFREX Category Low Category High DFREX % Rank Quintile
Net Assets 7.92 B 3.39 M 67.3 B 1.19% 1
Number of Holdings 155 5 530 2.77% 1
Net Assets in Top 10 2.74 B 711 K 22.5 B 2.37% 1
Weighting of Top 10 36.1% 3.7% 179.8% 28.06% 5

Top 10 Holdings

  1. Simon Property Group Inc 8.43%
  2. Public Storage 4.77%
  3. Equity Residential 3.16%
  4. Welltower Inc 3.40%
  5. Prologis Inc 3.24%
  6. Ventas Inc 3.06%
  7. AvalonBay Communities Inc 3.11%
  8. Boston Properties Inc 2.59%
  9. Vornado Realty Trust 2.18%
  10. Realty Income Corp 2.18%

Asset Allocation

Weighting Category Low Category High DFREX % Rank Quintile
Stocks
98.81% 1.09% 108.08% 9.88% 2
Other
0.86% -8.28% 108.20% 7.11% 1
Cash
0.34% -121.66% 74.22% 23.32% 4
Convertible Bonds
0.00% 0.00% 4.96% 3.16% 4
Preferred Stocks
0.00% 0.00% 41.93% 5.93% 5
Bonds
0.00% 0.00% 118.13% 4.35% 5

Stock Sector Breakdown

Weighting Category Low Category High DFREX % Rank Quintile
Real Estate
97.80% 0.00% 100.26% 7.51% 2
Industrials
0.98% -0.72% 11.94% 2.77% 1
Consumer Cyclical
0.02% 0.00% 31.19% 18.97% 4
Financial Services
0.00% 0.00% 13.39% 4.74% 4
Healthcare
0.00% 0.00% 3.63% 5.53% 5
Technology
0.00% 0.00% 5.40% 3.56% 4
Energy
0.00% 0.00% 38.67% 2.37% 4
Communication Services
0.00% 0.00% 9.58% 12.65% 5
Consumer Defense
0.00% 0.00% 0.89% 1.98% 4
Utilities
0.00% 0.00% 16.80% 1.98% 4
Basic Materials
0.00% -0.07% 10.11% 10.67% 5

Stock Geographic Breakdown

Weighting Category Low Category High DFREX % Rank Quintile
US
98.81% 1.00% 107.43% 7.91% 2
Non US
0.00% 0.00% 43.95% 7.91% 4

DFREX - Expenses

Operational Fees

DFREX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.19% 0.10% 11.43% 57.71% 1
Management Fee 0.17% 0.07% 1.31% 14.23% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.01% 0.01% 0.40% 17.14% 1

Sales Fees

DFREX Fees (% of AUM) Category Low Category High DFREX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

DFREX Fees (% of AUM) Category Low Category High DFREX 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.

DFREX Fees (% of AUM) Category Low Category High DFREX Rank Quintile
Turnover 4.00% 2.28% 880.00% 25.30% 1

DFREX - Distributions

Dividend Yield Analysis

DFREX Category Low Category High DFREX % Rank Quintile
Dividend Yield 0.2% 0.00% 3.78% 48.54% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

DFREX Category Low Category High DFREX % Rank Quintile
Net Income Ratio 2.75% -1.42% 10.00% 6.32% 1

Capital Gain Distribution Analysis

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

DFREX - Managers

Jed S. Fogdall

Manager

Start Date

Feb 28, 2012

Tenure

4.42

Tenure Rank

13.5%

Mr. Fogdall is a Senior Portfolio Manager and Vice President of Dimensional and a member of the Investment Committee. Mr. Fogdall has an M.B.A. from the University of California, Los Angeles and a B.S. from Purdue University. Mr. Fogdall joined Dimensional as a Portfolio Manager in 2004 and has been responsible for the international equity portfolios since 2010 and domestic equity portfolios since 2012.


Joseph H. Chi

Manager

Start Date

Feb 28, 2012

Tenure

4.42

Tenure Rank

13.5%

Mr. Chi is a Senior Portfolio Manager and Vice President of the Dimensional and a member of the Investment Committee. Mr. Chi has an MBA and BS from the University of California, Los Angeles and also a JD from the University of Southern California. Mr. Chi joined Dimensional as a portfolio manager in 2005 and has been responsible for the international equity portfolios since 2010 and domestic equity portfolios since 2012.


Henry F. Gray

Manager

Start Date

Feb 28, 2012

Tenure

4.42

Tenure Rank

13.5%

Mr. Gray is Head of Global Equity Trading and a Vice President of Dimensional Funds Advisors LP and a member of the Investment Committee. Mr. Gray received his MBA from the University of Chicago in 1995 and his AB from Princeton University in 1989. Mr. Gray joined DFA in 1995, was a Portfolio Manager from 1995 to 2005, and has been Head of Global Equity Trading since 2006, and since 2012 responsible for the international portfolios managed by Dimensional.


Tenure Analysis

Category Low

0.1

Category High

22.6

Category Average

7.02

Category Mode

1.6