Dimensional Inflation-Protected Securities ETF
Name
As of 09/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
4.2%
1 yr return
7.5%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$507 M
Holdings in Top 10
79.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 09/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFIP - Profile
Distributions
- YTD Total Return 4.2%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 2.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDimensional Inflation-Protected Securities ETF
-
Fund Family NameDimensional Funds
-
Inception DateNov 15, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Plecha
Fund Description
The Inflation-Protected ETF will seek to achieve its investment objective by investing in a universe of inflation-protected securities that are structured to provide returns linked to the rate of inflation over the long-term. The
Portfolio ordinarily invests in inflation-protected securities issued by the U.S. Government and its agencies and instrumentalities and the credit quality of such inflation-protected securities will be that of such applicable U.S. Government, agency or instrumentality issuer.
As a non-fundamental policy, under normal circumstances, at least 80% of the Portfolio’s net assets will be invested in inflation-protected securities. Inflation-protected securities (also known as inflation-indexed securities) are securities whose principal and/or interest payments are adjusted for inflation, unlike conventional debt securities that make fixed principal and interest payments. Inflation-protected securities include Treasury Inflation-Protected Securities (“TIPS”), which are securities issued by the U.S. Treasury. The principal value of TIPS is adjusted for inflation (payable at maturity) and the semi-annual interest payments by TIPS equal a fixed percentage of the inflation-adjusted principal amount. These inflation adjustments are based upon the Consumer Price Index for Urban Consumers (CPI-U). The original principal value of TIPS is guaranteed. At maturity, TIPS are redeemed at the greater of their inflation-adjusted principal or par amount at original issue. Other types of inflation-protected securities may use other methods to adjust for inflation and other measures of inflation. In addition, inflation-protected securities issued by entities other than the U.S. Treasury may not provide a guarantee of principal value at maturity.
Generally, the Portfolio will purchase inflation-protected securities with maturities between five and twenty years from the date of settlement, although at times, the Portfolio may purchase securities outside of this range. Under normal circumstances, when determining its duration, the Portfolio will consider an average duration similar to the Bloomberg U.S. TIPS Index, which was approximately 6.57 years as of December 31, 2023. 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.
The Portfolio is authorized to invest more than 25% of its total assets in U.S. Treasury bonds, bills and notes and obligations of U.S. government agencies and instrumentalities. The Portfolio may also invest in money market funds. The Portfolio will not shift the maturity of its investments in anticipation of interest rate movements.
The Portfolio may purchase or sell futures contracts and options on futures contracts, 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 Portfolio may lend its portfolio securities to generate additional income.
The Portfolio is an actively managed exchange-traded fund and does not seek to replicate the performance of a specific index and may have a higher degree of portfolio turnover than such index funds.
DFIP - Performance
Return Ranking - Trailing
Period | DFIP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -13.3% | 17.2% | 97.20% |
1 Yr | 7.5% | -41.6% | 14.8% | N/A |
3 Yr | N/A* | -29.9% | 4.3% | N/A |
5 Yr | N/A* | -11.3% | 3.6% | N/A |
10 Yr | N/A* | -7.2% | 1.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | DFIP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.3% | -52.3% | 1.1% | N/A |
2022 | -17.1% | -4.0% | 9.2% | N/A |
2021 | N/A | -47.0% | 7.7% | N/A |
2020 | N/A | -4.2% | 4.1% | N/A |
2019 | N/A | -2.3% | 0.1% | N/A |
Total Return Ranking - Trailing
Period | DFIP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.2% | -13.3% | 51.2% | 99.07% |
1 Yr | 7.5% | -41.6% | 14.8% | N/A |
3 Yr | N/A* | -29.9% | 4.3% | N/A |
5 Yr | N/A* | -11.3% | 3.6% | N/A |
10 Yr | N/A* | -7.2% | 1.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DFIP Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.1% | -52.3% | 1.1% | N/A |
2022 | -12.4% | -4.0% | 9.2% | N/A |
2021 | N/A | -47.0% | 7.7% | N/A |
2020 | N/A | -4.2% | 4.1% | N/A |
2019 | N/A | -1.9% | 0.1% | N/A |
DFIP - Holdings
Concentration Analysis
DFIP | Category Low | Category High | DFIP % Rank | |
---|---|---|---|---|
Net Assets | 507 M | 8.02 M | 61.7 B | 85.12% |
Number of Holdings | 18 | 6 | 1306 | 98.14% |
Net Assets in Top 10 | 424 M | -122 M | 35.7 B | 72.56% |
Weighting of Top 10 | 79.51% | 9.2% | 100.0% | 14.85% |
Top 10 Holdings
- UNITED STATES TREASURY INFLATION INDEXED BONDS 11.35%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 10.48%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 9.68%
- TREASURY INFLATION INDEX 8.58%
- TREASURY INFLATION INDEX 8.29%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 8.28%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 7.39%
- UNITED STATES TREASURY INFLATION INDEXED BONDS 5.46%
- TREASURY INFLATION INDEX 5.31%
- TREASURY INFLATION INDEX 4.70%
Asset Allocation
Weighting | Return Low | Return High | DFIP % Rank | |
---|---|---|---|---|
Bonds | 99.41% | -13.04% | 150.30% | 26.05% |
Cash | 0.59% | -50.72% | 72.87% | 74.42% |
Stocks | 0.00% | 0.00% | 29.58% | 66.05% |
Preferred Stocks | 0.00% | 0.00% | 0.43% | 57.21% |
Other | 0.00% | -1.41% | 40.08% | 54.42% |
Convertible Bonds | 0.00% | 0.00% | 3.96% | 71.16% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DFIP % Rank | |
---|---|---|---|---|
Cash & Equivalents | 0.40% | 0.00% | 18.36% | 99.07% |
Derivative | 0.00% | 0.00% | 26.02% | 66.98% |
Securitized | 0.00% | 0.00% | 58.03% | 87.91% |
Corporate | 0.00% | 0.00% | 50.64% | 85.58% |
Municipal | 0.00% | 0.00% | 1.28% | 67.44% |
Government | 0.00% | 6.70% | 100.00% | 1.40% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DFIP % Rank | |
---|---|---|---|---|
US | 99.41% | -13.04% | 120.98% | 21.86% |
Non US | 0.00% | -8.42% | 54.30% | 77.67% |
DFIP - Expenses
Operational Fees
DFIP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.12% | 0.01% | 1.71% | 91.51% |
Management Fee | 0.09% | 0.00% | 0.99% | 10.96% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.40% | N/A |
Sales Fees
DFIP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
DFIP 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.
DFIP Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 246.00% | N/A |
DFIP - Distributions
Dividend Yield Analysis
DFIP | Category Low | Category High | DFIP % Rank | |
---|---|---|---|---|
Dividend Yield | 2.38% | 0.00% | 10.62% | 77.17% |
Dividend Distribution Analysis
DFIP | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Annually | Monthly | Monthly |
Net Income Ratio Analysis
DFIP | Category Low | Category High | DFIP % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -0.06% | 6.71% | N/A |
Capital Gain Distribution Analysis
DFIP | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Aug 20, 2024 | $0.083 | OrdinaryDividend |
Jul 16, 2024 | $0.187 | OrdinaryDividend |
Jun 18, 2024 | $0.286 | OrdinaryDividend |
Apr 16, 2024 | $0.161 | OrdinaryDividend |
Dec 19, 2023 | $0.083 | OrdinaryDividend |
Nov 21, 2023 | $0.154 | OrdinaryDividend |
Oct 24, 2023 | $0.170 | OrdinaryDividend |
Sep 19, 2023 | $0.126 | OrdinaryDividend |
Aug 22, 2023 | $0.163 | OrdinaryDividend |
Jul 18, 2023 | $0.179 | OrdinaryDividend |
Jun 21, 2023 | $0.163 | OrdinaryDividend |
May 23, 2023 | $0.249 | OrdinaryDividend |
Apr 18, 2023 | $0.232 | OrdinaryDividend |
Dec 20, 2022 | $0.205 | OrdinaryDividend |
Nov 22, 2022 | $0.100 | OrdinaryDividend |
Oct 18, 2022 | $0.079 | OrdinaryDividend |
Sep 20, 2022 | $0.468 | OrdinaryDividend |
Aug 23, 2022 | $0.340 | OrdinaryDividend |
Jul 19, 2022 | $0.286 | OrdinaryDividend |
Jun 22, 2022 | $0.260 | OrdinaryDividend |
May 24, 2022 | $0.263 | OrdinaryDividend |
Apr 19, 2022 | $0.178 | OrdinaryDividend |
Mar 22, 2022 | $0.125 | OrdinaryDividend |
Feb 23, 2022 | $0.111 | OrdinaryDividend |
Jan 19, 2022 | $0.041 | OrdinaryDividend |
Dec 16, 2021 | $0.279 | OrdinaryDividend |
Nov 23, 2021 | $0.001 | OrdinaryDividend |
DFIP - Fund Manager Analysis
Managers
David Plecha
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
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.
Alan Hutchison
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
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.
Joseph Kolerich
Start Date
Tenure
Tenure Rank
Nov 15, 2021
0.54
0.5%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.17 | 20.51 | 6.57 | 11.1 |