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DFREX DFA Real Estate Securities I

  • Fund
  • DFREX
  • Price as of: Sep 16, 2019
  • $40.85 + $0.39 + 0.96%

DFREX - Profile

Vitals

  • YTD Return 25.0%
  • 3 Yr Annualized Return 4.6%
  • 5 Yr Annualized Return 6.4%
  • Net Assets $10.3 B
  • Holdings in Top 10 40.1%

52 WEEK LOW AND HIGH

$40.85
$31.40
$41.69

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.19%

SALES FEES

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

BROKERAGE FEES

  • Turnover 3.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 25.0%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 9.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.66%
DIVIDENDS
  • Dividend Yield 2.6%
  • 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 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 (%)
YTD 25.0% -1.0% 39.6% 24.90%
1 Yr 12.8% -30.7% 15.0% 11.55%
3 Yr 4.6%* -15.3% 11.6% 12.90%
5 Yr 6.4%* -10.3% 8.4% 2.15%
10 Yr 9.4%* -1.4% 9.5% 1.72%

* Annualized


Return Ranking - Calendar

Period DFREX Return Category Return Low Category Return High Rank in Category (%)
2018 -7.4% -44.0% 2.2% 19.34%
2017 2.3% -16.4% 25.4% 33.33%
2016 4.1% -28.0% 12.5% 11.48%
2015 0.2% -19.4% 2.4% 10.47%
2014 27.5% -3.3% 31.5% 18.79%

Total Return Ranking - Trailing

Period DFREX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.0% -1.0% 39.6% 24.90%
1 Yr 14.8% -29.8% 19.2% 5.18%
3 Yr 7.7%* -14.9% 11.6% 9.68%
5 Yr 9.7%* -9.1% 10.4% 4.84%
10 Yr 12.5%* -1.4% 13.1% 2.59%

* Annualized


Total Return Ranking - Calendar

Period DFREX Return Category Return Low Category Return High Rank in Category (%)
2018 -4.2% -43.3% 3.3% 13.17%
2017 5.7% -13.6% 31.4% 27.93%
2016 8.3% -12.3% 12.5% 11.00%
2015 3.3% -15.2% 7.7% 26.18%
2014 31.1% -3.3% 32.5% 12.12%

NAV & Total Return History

DFREX - Holdings

Concentration Analysis

DFREX Category Low Category High DFREX % Rank
Net Assets 10.3 B 1.54 M 67.9 B 1.64%
Number of Holdings 160 17 757 7.22%
Net Assets in Top 10 3.98 B 787 K 27.6 B 1.52%
Weighting of Top 10 40.10% 11.4% 159.1% 86.69%

Top 10 Holdings

  1. American Tower Corp 8.35%

  2. Crown Castle International Corp 4.94%

  3. Prologis Inc 4.53%

  4. Simon Property Group Inc 4.48%

  5. Equinix Inc 3.76%

  6. Public Storage 3.39%

  7. Welltower Inc 2.99%

  8. Equity Residential 2.60%

  9. AvalonBay Communities Inc 2.59%

  10. SBA Communications Corp 2.49%


Asset Allocation

Weighting Return Low Return High DFREX % Rank
Stocks
99.22% 0.00% 118.44% 40.30%
Cash
0.79% -95.08% 16.50% 53.23%
Preferred Stocks
0.00% 0.00% 50.24% 43.35%
Other
0.00% -1.02% 98.82% 50.57%
Convertible Bonds
0.00% 0.00% 6.10% 36.88%
Bonds
0.00% 0.00% 86.36% 41.06%

Stock Sector Breakdown

Weighting Return Low Return High DFREX % Rank
Real Estate
90.09% 2.00% 99.97% 70.59%
Communication Services
8.35% 0.00% 9.46% 5.10%
Utilities
0.00% 0.00% 5.96% 36.47%
Technology
0.00% 0.00% 17.81% 59.22%
Industrials
0.00% 0.00% 8.32% 38.43%
Healthcare
0.00% 0.00% 4.40% 36.08%
Financial Services
0.00% 0.00% 6.14% 41.18%
Energy
0.00% 0.00% 4.06% 34.90%
Consumer Defense
0.00% 0.00% 0.24% 34.51%
Consumer Cyclical
0.00% -1.23% 30.36% 63.14%
Basic Materials
0.00% -0.01% 11.72% 43.92%

Stock Geographic Breakdown

Weighting Return Low Return High DFREX % Rank
US
99.18% 0.00% 118.44% 38.40%
Non US
0.04% 0.00% 17.47% 24.33%

DFREX - Expenses

Operational Fees

DFREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.19% 0.00% 135.20% 97.13%
Management Fee 0.17% 0.00% 1.50% 3.40%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.47% 0.00% 0.47% 100.00%

Sales Fees

DFREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 6.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DFREX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 3.00% 3.00% 877.00% 0.39%

DFREX - Distributions

Dividend Yield Analysis

DFREX Category Low Category High DFREX % Rank
Dividend Yield 2.55% 0.00% 3.94% 12.83%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

DFREX Category Low Category High DFREX % Rank
Net Income Ratio 4.66% -0.10% 5.36% 0.82%

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

Tenure

Tenure Rank

Feb 28, 2012

7.51

7.5%

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.


Lukas J. Smart

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2017

2.5

2.5%

Lukas Smart, CFA, Senior Portfolio Manager and Vice President, leads a team of investment professionals who manage US large cap equity and REIT portfolios. Mr. Smart earned his bachelor of economics degree from the University of San Diego and his MBA from the University of Chicago Booth School of Business. He is a CFA Charterholder and is a member of the CFA Society of Austin.


Joel P. Schneider

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2019

0.5

0.5%

Mr. Schneider is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Schneider holds an MBA from the University of Chicago Booth School of Business, an MS from the University of Minnesota, and a BS from Iowa State University. Mr. Schneider joined Dimensional in 2011, has been a portfolio manager since 2013.


Tenure Analysis

Category Low

0.0

Category High

25.67

Category Average

7.93

Category Mode

13.67