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Trending ETFs

Name

As of 03/27/2024

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

$22.85

$26.4 B

5.65%

$1.29

0.39%

Vitals

YTD Return

2.0%

1 yr return

13.1%

3 Yr Avg Return

-0.2%

5 Yr Avg Return

5.1%

Net Assets

$26.4 B

Holdings in Top 10

14.9%

52 WEEK LOW AND HIGH

$22.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.39%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$22.85

$26.4 B

5.65%

$1.29

0.39%

DFCEX - Profile

Distributions

  • YTD Total Return 2.0%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.26%
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    EMERGING MARKETS CORE EQUITY PORTFOLIO
  • Fund Family Name
    Dimensional Fund Advisors
  • Inception Date
    Apr 08, 2005
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jed Fogdall

Fund Description

To achieve the Emerging Markets Core Equity 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 Emerging Markets Core Equity Portfolio is designed to purchase a broad and diverse group of equity securities associated with 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 invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies. The Portfolio’s increased exposure to smaller capitalization, lower relative price, and higher profitability companies may be achieved by decreasing the allocation of the Portfolio’s assets to larger capitalization, higher relative price, or lower profitability companies. An equity issuer is considered to have a high relative price (i.e., a growth stock) primarily because it has a high price in relation to its book value. 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, the Emerging Markets Core Equity Portfolio will invest at least 80% of its net assets in emerging markets equity investments that are defined in the Prospectus as Approved Market securities.

The Advisor may also increase or reduce the Emerging Markets Core Equity 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 Emerging Markets Core Equity Portfolio may gain exposure to companies in 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 also invest in China A-shares (equity securities of companies listed in China) and variable interest entities (special structures that utilize contractual arrangements to provide exposure to certain Chinese companies). 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 Emerging Markets Core Equity Portfolio may lend its portfolio securities to generate additional income.

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DFCEX - Performance

Return Ranking - Trailing

Period DFCEX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -6.1% 14.4% 62.67%
1 Yr 13.1% -6.1% 41.9% 34.10%
3 Yr -0.2%* -22.7% 9.1% 17.65%
5 Yr 5.1%* -7.2% 11.5% 21.52%
10 Yr 4.2%* -2.3% 6.8% 20.97%

* Annualized

Return Ranking - Calendar

Period DFCEX Return Category Return Low Category Return High Rank in Category (%)
2023 11.3% -6.5% 35.5% 25.51%
2022 -19.6% -50.1% -2.4% 15.58%
2021 3.2% -33.1% 22.5% 15.86%
2020 11.5% -22.1% 80.1% 70.35%
2019 13.1% -0.7% 42.0% 83.57%

Total Return Ranking - Trailing

Period DFCEX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.0% -6.1% 14.4% 62.67%
1 Yr 13.1% -6.1% 41.9% 34.10%
3 Yr -0.2%* -22.7% 9.1% 17.65%
5 Yr 5.1%* -7.2% 11.5% 21.52%
10 Yr 4.2%* -2.3% 6.8% 20.97%

* Annualized

Total Return Ranking - Calendar

Period DFCEX Return Category Return Low Category Return High Rank in Category (%)
2023 15.5% -2.7% 42.0% 22.54%
2022 -16.4% -42.2% 1.9% 14.46%
2021 5.8% -32.5% 33.1% 17.77%
2020 13.9% -20.0% 81.6% 70.97%
2019 16.0% 2.3% 42.0% 85.01%

NAV & Total Return History


DFCEX - Holdings

Concentration Analysis

DFCEX Category Low Category High DFCEX % Rank
Net Assets 26.4 B 653 K 96.1 B 3.47%
Number of Holdings 6829 10 6829 0.13%
Net Assets in Top 10 3.44 B 299 K 17.9 B 5.20%
Weighting of Top 10 14.95% 2.9% 122.2% 96.40%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co. Ltd. 3.05%
  2. Tencent Holdings Ltd. 2.69%
  3. Samsung Electronics Co. Ltd. 2.63%
  4. Alibaba Group Holding Ltd. 1.24%
  5. Taiwan Semiconductor Manufacturing Co. Ltd. 1.20%
  6. DFA Investment Trust Co. 1.07%
  7. DFA Short Term Investment Fund 1.07%
  8. China Construction Bank Corp. 0.69%
  9. SK Hynix, Inc. 0.66%
  10. Petroleo Brasileiro SA 0.66%

Asset Allocation

Weighting Return Low Return High DFCEX % Rank
Stocks
99.44% 0.00% 103.65% 13.47%
Preferred Stocks
1.29% 0.00% 10.17% 39.73%
Cash
1.07% -2.03% 20.51% 66.13%
Convertible Bonds
0.00% 0.00% 7.40% 45.10%
Bonds
0.00% 0.00% 94.30% 52.13%
Other
-0.03% -1.64% 50.31% 96.13%

Stock Sector Breakdown

Weighting Return Low Return High DFCEX % Rank
Technology
20.38% 0.00% 47.50% 65.86%
Financial Services
16.89% 0.00% 48.86% 78.14%
Basic Materials
12.44% 0.00% 30.03% 10.12%
Consumer Cyclical
10.57% 0.00% 48.94% 73.28%
Industrials
9.70% 0.00% 43.53% 15.52%
Communication Services
7.90% 0.00% 39.29% 60.59%
Consumer Defense
5.87% 0.00% 25.90% 56.14%
Energy
5.03% 0.00% 24.80% 35.63%
Healthcare
4.15% 0.00% 16.53% 41.70%
Real Estate
3.65% 0.00% 17.15% 14.98%
Utilities
3.41% 0.00% 39.12% 16.19%

Stock Geographic Breakdown

Weighting Return Low Return High DFCEX % Rank
Non US
92.47% 0.00% 100.18% 20.93%
US
6.96% 0.00% 101.58% 59.33%

DFCEX - Expenses

Operational Fees

DFCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.03% 24.48% 94.11%
Management Fee 0.33% 0.00% 2.00% 6.14%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.85% 0.51%

Sales Fees

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

Trading Fees

DFCEX 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.

DFCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 189.00% 7.19%

DFCEX - Distributions

Dividend Yield Analysis

DFCEX Category Low Category High DFCEX % Rank
Dividend Yield 5.65% 0.00% 9.88% 15.33%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

DFCEX Category Low Category High DFCEX % Rank
Net Income Ratio 2.26% -1.98% 17.62% 12.17%

Capital Gain Distribution Analysis

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

Distributions History

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DFCEX - Fund Manager Analysis

Managers

Jed Fogdall


Start Date

Tenure

Tenure Rank

Feb 28, 2010

12.26

12.3%

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.

Allen Pu


Start Date

Tenure

Tenure Rank

Jul 21, 2015

6.87

6.9%

Allen Pu is Deputy Head of Portfolio Management, North America, a member of the Investment Commit- tee, Vice President and a Senior Portfolio Manager of the Sub-Adviser. Mr. Pu joined Dimensional as a Portfolio Manager in 2006. Mr. Pu has an M.B.A. from the University of California, Los Angeles, an M.S. and Ph.D. from Caltech, and a B.S. from Cooper Union for the Advancement of Science and Art.

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.

Mary Phillips


Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

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.

William Collins-Dean


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Will Collins-Dean is a Portfolio Manager and Vice President of the Sub-Adviser. Mr. Collins-Dean received his MBA from the University of Chicago and is bachelor’s degree from Wake Forest University. Mr. Collins-Dean joined the Sub-Adviser in 2014 and has been a portfolio manager since 2016.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.53 13.42