DFA SHORT-TERM GOVERNMENT PORTFOLIO
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.2%
1 yr return
3.9%
3 Yr Avg Return
0.0%
5 Yr Avg Return
0.3%
Net Assets
$1.51 B
Holdings in Top 10
84.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 58.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/27/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFFGX - Profile
Distributions
- YTD Total Return 0.2%
- 3 Yr Annualized Total Return 0.0%
- 5 Yr Annualized Total Return 0.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.11%
- Dividend Yield 5.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDFA SHORT-TERM GOVERNMENT PORTFOLIO
-
Fund Family NameDimensional Funds
-
Inception DateJan 08, 1996
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Plecha
Fund Description
The Short-Term Government Portfolio seeks to maximize total returns from a universe of obligations of the U.S. Government and its agencies maturing in five years or less from the date of settlement. The credit quality of the securities purchased by the Portfolio will be that of the U.S. Government or its agencies. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in government securities that mature within five years from the date of settlement. It is the policy of the Portfolio that the maximum length of maturity of investments will not exceed five years from the date of settlement. In making these purchase decisions, if the expected term premium is greater for longer-term securities in the eligible maturity range, Dimensional Fund
Advisors LP (the “Advisor”) will focus investment in that longer-term area, otherwise, the portfolio will focus investment in the shorter-term area of the eligible maturity range. The Advisor expects that the Portfolio’s weighted average maturity and weighted average duration will be three years or less. 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 interest rates. The Portfolio may also acquire repurchase agreements backed by U.S. government securities. The Portfolio may also invest in money market funds. The Portfolio is authorized to invest more than 25% of its total assets in U.S. Treasury bonds, bills and notes and obligations of federal agencies and instrumentalities.
The Short-Term Government 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 Short-Term Government Portfolio may lend its portfolio securities to generate additional income.
DFFGX - Performance
Return Ranking - Trailing
Period | DFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -2.3% | 1.5% | 3.80% |
1 Yr | 3.9% | 0.2% | 5.5% | 2.53% |
3 Yr | 0.0%* | -3.2% | 1.8% | 7.69% |
5 Yr | 0.3%* | -0.8% | 1.6% | 58.33% |
10 Yr | 0.7%* | -0.4% | 2.0% | 37.50% |
* Annualized
Return Ranking - Calendar
Period | DFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 1.3% | -1.6% | 4.4% | 29.11% |
2022 | -6.1% | -10.4% | -1.0% | 41.03% |
2021 | -1.4% | -6.4% | -0.2% | 24.36% |
2020 | 0.1% | -1.8% | 4.9% | 86.49% |
2019 | 0.7% | -1.4% | 3.3% | 72.22% |
Total Return Ranking - Trailing
Period | DFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.2% | -2.3% | 1.5% | 3.80% |
1 Yr | 3.9% | 0.2% | 5.5% | 2.53% |
3 Yr | 0.0%* | -3.2% | 1.8% | 7.69% |
5 Yr | 0.3%* | -0.8% | 1.6% | 58.33% |
10 Yr | 0.7%* | -0.4% | 2.0% | 37.50% |
* Annualized
Total Return Ranking - Calendar
Period | DFFGX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.0% | 2.4% | 6.2% | 13.92% |
2022 | -4.4% | -9.3% | 0.2% | 33.33% |
2021 | -1.3% | -3.1% | 0.1% | 58.97% |
2020 | 0.4% | 0.4% | 6.0% | 100.00% |
2019 | 2.5% | 1.1% | 5.5% | 86.11% |
NAV & Total Return History
DFFGX - Holdings
Concentration Analysis
DFFGX | Category Low | Category High | DFFGX % Rank | |
---|---|---|---|---|
Net Assets | 1.51 B | 11.1 M | 25.7 B | 17.07% |
Number of Holdings | 17 | 7 | 1102 | 96.34% |
Net Assets in Top 10 | 1.27 B | 1.81 M | 9.39 B | 13.41% |
Weighting of Top 10 | 84.58% | 14.9% | 100.0% | 4.88% |
Top 10 Holdings
- U.S. Treasury Floating Rate Notes 9.86%
- U.S. Treasury Floating Rate Notes 9.86%
- U.S. Treasury Floating Rate Notes 9.78%
- U.S. Treasury Floating Rate Notes 9.75%
- U.S. Treasury Bills 9.25%
- U.S. Treasury Bills 8.01%
- U.S. Treasury Notes 7.84%
- U.S. Treasury Notes 7.32%
- U.S. Treasury Bills 6.66%
- U.S. Treasury Bills 6.25%
Asset Allocation
Weighting | Return Low | Return High | DFFGX % Rank | |
---|---|---|---|---|
Bonds | 97.76% | 64.98% | 127.29% | 68.29% |
Cash | 2.24% | 0.00% | 13.77% | 29.27% |
Stocks | 0.00% | 0.00% | 4.55% | 24.39% |
Preferred Stocks | 0.00% | 0.00% | 0.04% | 15.85% |
Other | 0.00% | -8.75% | 33.59% | 54.88% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 11.11% |
Bond Sector Breakdown
Weighting | Return Low | Return High | DFFGX % Rank | |
---|---|---|---|---|
Government | 99.84% | 0.00% | 99.96% | 3.70% |
Cash & Equivalents | 2.23% | 0.00% | 13.77% | 29.27% |
Derivative | 0.00% | -0.51% | 13.93% | 36.59% |
Securitized | 0.00% | 0.00% | 100.00% | 83.95% |
Corporate | 0.00% | 0.00% | 34.19% | 30.86% |
Municipal | 0.00% | 0.00% | 6.22% | 22.22% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DFFGX % Rank | |
---|---|---|---|---|
US | 97.76% | 64.98% | 127.29% | 68.29% |
Non US | 0.00% | 0.00% | 0.00% | 12.20% |
DFFGX - Expenses
Operational Fees
DFFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.17% | 0.03% | 2.91% | 86.59% |
Management Fee | 0.14% | 0.03% | 0.80% | 16.05% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.10% | 0.45% | 1.89% |
Sales Fees
DFFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.50% | 4.75% | N/A |
Deferred Load | N/A | 0.50% | 1.00% | N/A |
Trading Fees
DFFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 0.25% | 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.
DFFGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 58.00% | 0.00% | 466.00% | 20.31% |
DFFGX - Distributions
Dividend Yield Analysis
DFFGX | Category Low | Category High | DFFGX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.01% | 0.00% | 5.68% | 43.90% |
Dividend Distribution Analysis
DFFGX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
DFFGX | Category Low | Category High | DFFGX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.11% | -0.78% | 3.29% | 84.81% |
Capital Gain Distribution Analysis
DFFGX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.126 | OrdinaryDividend |
Sep 29, 2023 | $0.107 | OrdinaryDividend |
Jun 30, 2023 | $0.066 | OrdinaryDividend |
Mar 31, 2023 | $0.055 | OrdinaryDividend |
Dec 13, 2022 | $0.058 | OrdinaryDividend |
Sep 30, 2022 | $0.060 | OrdinaryDividend |
Jun 30, 2022 | $0.046 | OrdinaryDividend |
Mar 31, 2022 | $0.017 | OrdinaryDividend |
Dec 14, 2021 | $0.007 | OrdinaryDividend |
Sep 30, 2021 | $0.006 | OrdinaryDividend |
Jun 30, 2021 | $0.003 | OrdinaryDividend |
Jun 30, 2020 | $0.005 | OrdinaryDividend |
Mar 31, 2020 | $0.026 | OrdinaryDividend |
Dec 17, 2019 | $0.045 | OrdinaryDividend |
Sep 30, 2019 | $0.054 | OrdinaryDividend |
Jun 28, 2019 | $0.054 | OrdinaryDividend |
Mar 29, 2019 | $0.040 | OrdinaryDividend |
Dec 18, 2018 | $0.049 | OrdinaryDividend |
Sep 28, 2018 | $0.042 | OrdinaryDividend |
Jun 29, 2018 | $0.040 | OrdinaryDividend |
Mar 29, 2018 | $0.030 | OrdinaryDividend |
Dec 15, 2017 | $0.035 | OrdinaryDividend |
Sep 29, 2017 | $0.031 | OrdinaryDividend |
Jun 30, 2017 | $0.031 | OrdinaryDividend |
Mar 31, 2017 | $0.028 | OrdinaryDividend |
Sep 30, 2016 | $0.023 | OrdinaryDividend |
Jun 30, 2016 | $0.027 | OrdinaryDividend |
Mar 31, 2016 | $0.027 | OrdinaryDividend |
Sep 10, 2015 | $0.025 | OrdinaryDividend |
Jun 09, 2015 | $0.023 | OrdinaryDividend |
Mar 10, 2015 | $0.015 | OrdinaryDividend |
Sep 10, 2014 | $0.021 | OrdinaryDividend |
Jun 10, 2014 | $0.019 | OrdinaryDividend |
Mar 11, 2014 | $0.011 | OrdinaryDividend |
Sep 11, 2013 | $0.020 | OrdinaryDividend |
Jun 11, 2013 | $0.021 | OrdinaryDividend |
Mar 11, 2013 | $0.014 | OrdinaryDividend |
Sep 13, 2012 | $0.025 | OrdinaryDividend |
Jun 13, 2012 | $0.026 | OrdinaryDividend |
Mar 13, 2012 | $0.018 | OrdinaryDividend |
Dec 15, 2011 | $0.044 | OrdinaryDividend |
Sep 13, 2011 | $0.038 | OrdinaryDividend |
Jun 13, 2011 | $0.047 | OrdinaryDividend |
Mar 11, 2011 | $0.034 | OrdinaryDividend |
Dec 14, 2010 | $0.076 | OrdinaryDividend |
Sep 13, 2010 | $0.060 | OrdinaryDividend |
Jun 11, 2010 | $0.065 | OrdinaryDividend |
Mar 12, 2010 | $0.039 | OrdinaryDividend |
Dec 14, 2009 | $0.091 | OrdinaryDividend |
Sep 14, 2009 | $0.066 | OrdinaryDividend |
Jun 12, 2009 | $0.066 | OrdinaryDividend |
Mar 13, 2009 | $0.041 | OrdinaryDividend |
Dec 15, 2008 | $0.099 | OrdinaryDividend |
Sep 12, 2008 | $0.063 | OrdinaryDividend |
Jun 13, 2008 | $0.063 | OrdinaryDividend |
Mar 13, 2008 | $0.053 | OrdinaryDividend |
Dec 24, 2007 | $0.152 | OrdinaryDividend |
Sep 13, 2007 | $0.126 | OrdinaryDividend |
Jun 13, 2007 | $0.127 | OrdinaryDividend |
Mar 13, 2007 | $0.077 | OrdinaryDividend |
Dec 21, 2006 | $0.165 | OrdinaryDividend |
Sep 08, 2006 | $0.116 | OrdinaryDividend |
Jun 08, 2006 | $0.110 | OrdinaryDividend |
Mar 15, 2006 | $0.066 | OrdinaryDividend |
Dec 27, 2005 | $0.130 | OrdinaryDividend |
Sep 15, 2005 | $0.085 | OrdinaryDividend |
Jun 15, 2005 | $0.090 | OrdinaryDividend |
Mar 15, 2005 | $0.046 | OrdinaryDividend |
Dec 27, 2004 | $0.117 | OrdinaryDividend |
Sep 15, 2004 | $0.083 | OrdinaryDividend |
Jun 15, 2004 | $0.136 | OrdinaryDividend |
Dec 29, 2003 | $0.190 | OrdinaryDividend |
Jun 17, 2003 | $0.140 | OrdinaryDividend |
Dec 24, 2002 | $0.241 | OrdinaryDividend |
Jun 17, 2002 | $0.171 | OrdinaryDividend |
Dec 27, 2001 | $0.257 | OrdinaryDividend |
Jun 17, 1997 | $0.243 | OrdinaryDividend |
Dec 31, 1996 | $0.350 | OrdinaryDividend |
Jun 17, 1996 | $0.308 | OrdinaryDividend |
Dec 29, 1995 | $0.063 | OrdinaryDividend |
Nov 29, 1995 | $0.306 | OrdinaryDividend |
Jun 15, 1995 | $0.280 | OrdinaryDividend |
Dec 30, 1994 | $0.072 | OrdinaryDividend |
Nov 30, 1994 | $0.261 | ExtraDividend |
Jun 15, 1994 | $0.216 | OrdinaryDividend |
DFFGX - Fund Manager Analysis
Managers
David Plecha
Start Date
Tenure
Tenure Rank
Dec 31, 1989
32.44
32.4%
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.
Joseph Kolerich
Start Date
Tenure
Tenure Rank
Feb 28, 2012
10.26
10.3%
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.
Alan Hutchison
Start Date
Tenure
Tenure Rank
Feb 28, 2016
6.26
6.3%
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 Dimensional Fund Advisors LP in 2006, has been a portfolio manager since 2010.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.49 | 32.44 | 10.28 | 7.33 |