DFA INTERNATIONAL VALUE PORTFOLIO III
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.5%
1 yr return
18.2%
3 Yr Avg Return
8.1%
5 Yr Avg Return
8.8%
Net Assets
$2.99 B
Holdings in Top 10
18.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 17.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFVIX - Profile
Distributions
- YTD Total Return 9.5%
- 3 Yr Annualized Total Return 8.1%
- 5 Yr Annualized Total Return 8.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.48%
- Dividend Yield 4.2%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDFA INTERNATIONAL VALUE PORTFOLIO III
-
Fund Family NameDimensional Funds
-
Inception DateFeb 24, 1995
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
The International Value Portfolio invests substantially all of its assets in the International Value Series. To achieve the Portfolio’s and Series’ investment objectives, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As further described below, the Series’ 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 International Value Series is designed to purchase securities of large non-U.S. companies in countries with developed markets that the Advisor determines to be value stocks. A company’s market capitalization is the number of its shares outstanding times its price per share. Under a market capitalization weighted approach, companies with higher market capitalizations generally represent a larger proportion of the Series than companies with relatively lower market capitalizations. The Advisor may overweight certain stocks, including smaller companies, lower relative price stocks, and/or higher profitability stocks within the large-cap value segment of developed ex U.S. markets. 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.
The International Value Series intends to purchase securities of large companies associated with developed market countries that the Advisor has designated as approved markets. The Advisor determines the minimum market capitalization of a large company with respect to each country or region in which the Series invests. Based on market capitalization data as of December 31, 2023, for the Series, the market capitalization of a large company in any country or region in which the Series invests would be $1,457 million or above. This threshold will change due to market conditions.
The Advisor may also increase or reduce the International Value Series’ exposure to an eligible company, or exclude a company, based on shorter-term considerations, such as a company’s price momentum and short-run reversals. 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 International Value Series may gain exposure to companies associated with 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 Series and the International Value Portfolio each may purchase or sell futures contracts and options on futures contracts for foreign or U.S. equity securities and indices to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Series or Portfolio. Because many of the Series’ and Portfolio’s investments may be denominated in foreign currencies, the Series and 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 International Value Series may lend its portfolio securities to generate additional income.
DFVIX - Performance
Return Ranking - Trailing
Period | DFVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.5% | -2.3% | 17.0% | 29.84% |
1 Yr | 18.2% | 0.8% | 28.3% | 38.69% |
3 Yr | 8.1%* | -3.0% | 77.6% | 4.29% |
5 Yr | 8.8%* | 0.5% | 45.8% | 3.91% |
10 Yr | 6.1%* | 0.0% | 22.9% | 10.00% |
* Annualized
Return Ranking - Calendar
Period | DFVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.5% | 1.0% | 26.9% | 51.29% |
2022 | -7.2% | -27.8% | 166.1% | 9.71% |
2021 | 13.9% | -66.6% | 64.4% | 6.91% |
2020 | -4.5% | -17.0% | 17.3% | 76.98% |
2019 | 11.7% | 4.4% | 31.6% | 79.51% |
Total Return Ranking - Trailing
Period | DFVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.5% | -2.3% | 17.0% | 29.84% |
1 Yr | 18.2% | 0.8% | 28.3% | 38.69% |
3 Yr | 8.1%* | -3.0% | 77.6% | 4.29% |
5 Yr | 8.8%* | 0.5% | 45.8% | 3.91% |
10 Yr | 6.1%* | 0.0% | 22.9% | 10.00% |
* Annualized
Total Return Ranking - Calendar
Period | DFVIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.9% | 5.4% | 31.0% | 51.61% |
2022 | -3.4% | -19.9% | 344.3% | 8.74% |
2021 | 21.9% | -0.2% | 75.3% | 1.32% |
2020 | -2.0% | -11.8% | 18.9% | 82.82% |
2019 | 15.8% | 11.2% | 32.1% | 76.33% |
NAV & Total Return History
DFVIX - Holdings
Concentration Analysis
DFVIX | Category Low | Category High | DFVIX % Rank | |
---|---|---|---|---|
Net Assets | 2.99 B | 3.42 M | 46.7 B | 18.65% |
Number of Holdings | 551 | 2 | 2513 | 5.47% |
Net Assets in Top 10 | 544 M | 628 K | 13.8 B | 27.33% |
Weighting of Top 10 | 18.35% | 6.2% | 100.0% | 82.26% |
Top 10 Holdings
- DFA Short Term Investment 5.87%
- Shell PLC ADR (Representing - Ordinary Shares) 4.01%
- Royal Dutch Shell PLC ADR Class B 3.03%
- TotalEnergies SE 3.02%
- TotalEnergies SE 3.02%
- TotalEnergies SE 3.02%
- TotalEnergies SE 3.02%
- TotalEnergies SE 3.02%
- TotalEnergies SE 3.02%
- TotalEnergies SE 3.02%
Asset Allocation
Weighting | Return Low | Return High | DFVIX % Rank | |
---|---|---|---|---|
Stocks | 98.72% | 7.74% | 104.54% | 24.44% |
Cash | 1.28% | 0.00% | 13.78% | 60.77% |
Preferred Stocks | 0.00% | 0.00% | 4.41% | 100.00% |
Other | 0.00% | -0.05% | 43.33% | 95.50% |
Convertible Bonds | 0.00% | 0.00% | 0.15% | 100.00% |
Bonds | 0.00% | 0.00% | 81.81% | 100.00% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DFVIX % Rank | |
---|---|---|---|---|
Financial Services | 28.62% | 0.00% | 42.76% | 10.39% |
Energy | 15.86% | 0.00% | 26.59% | 3.25% |
Basic Materials | 13.55% | 0.00% | 30.76% | 15.58% |
Consumer Cyclical | 11.14% | 0.00% | 27.46% | 31.17% |
Industrials | 10.70% | 1.03% | 36.79% | 76.95% |
Healthcare | 5.97% | 0.00% | 23.28% | 85.06% |
Communication Services | 4.86% | 0.29% | 22.75% | 75.97% |
Consumer Defense | 4.69% | 0.00% | 31.84% | 75.00% |
Real Estate | 2.27% | 0.00% | 17.06% | 37.34% |
Technology | 1.38% | 0.00% | 24.16% | 90.58% |
Utilities | 0.97% | 0.00% | 27.46% | 85.06% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DFVIX % Rank | |
---|---|---|---|---|
Non US | 97.24% | 0.00% | 99.55% | 14.47% |
US | 1.48% | 0.00% | 100.40% | 77.17% |
DFVIX - Expenses
Operational Fees
DFVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.45% | 0.01% | 5.99% | 91.64% |
Management Fee | 0.41% | 0.00% | 1.25% | 12.58% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.47% | 0.03% | 0.47% | 100.00% |
Sales Fees
DFVIX 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% | 1.00% | N/A |
Trading Fees
DFVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 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.
DFVIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 17.00% | 2.00% | 158.16% | 6.62% |
DFVIX - Distributions
Dividend Yield Analysis
DFVIX | Category Low | Category High | DFVIX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.21% | 0.00% | 13.19% | 33.55% |
Dividend Distribution Analysis
DFVIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
DFVIX | Category Low | Category High | DFVIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.48% | 0.18% | 7.85% | 13.77% |
Capital Gain Distribution Analysis
DFVIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 27, 2024 | $0.193 | OrdinaryDividend |
Mar 27, 2024 | $0.047 | OrdinaryDividend |
Dec 13, 2023 | $0.236 | OrdinaryDividend |
Sep 28, 2023 | $0.116 | OrdinaryDividend |
Jun 29, 2023 | $0.368 | OrdinaryDividend |
Mar 30, 2023 | $0.045 | OrdinaryDividend |
Dec 14, 2022 | $0.144 | OrdinaryDividend |
Sep 29, 2022 | $0.109 | OrdinaryDividend |
Jun 29, 2022 | $0.332 | OrdinaryDividend |
Dec 15, 2021 | $0.716 | CapitalGainLongTerm |
Sep 29, 2021 | $0.129 | OrdinaryDividend |
Jun 29, 2021 | $0.232 | OrdinaryDividend |
Mar 30, 2021 | $0.056 | OrdinaryDividend |
Dec 16, 2020 | $0.082 | OrdinaryDividend |
Sep 29, 2020 | $0.076 | OrdinaryDividend |
Jun 29, 2020 | $0.132 | OrdinaryDividend |
Mar 30, 2020 | $0.034 | OrdinaryDividend |
Dec 17, 2019 | $0.130 | OrdinaryDividend |
Sep 27, 2019 | $0.075 | OrdinaryDividend |
Jun 27, 2019 | $0.293 | OrdinaryDividend |
Mar 28, 2019 | $0.038 | OrdinaryDividend |
Dec 18, 2018 | $0.104 | OrdinaryDividend |
Dec 18, 2018 | $0.345 | CapitalGainLongTerm |
Sep 27, 2018 | $0.074 | OrdinaryDividend |
Jun 28, 2018 | $0.275 | OrdinaryDividend |
Mar 28, 2018 | $0.039 | OrdinaryDividend |
Dec 15, 2017 | $0.136 | OrdinaryDividend |
Sep 28, 2017 | $0.090 | OrdinaryDividend |
Jun 29, 2017 | $0.242 | OrdinaryDividend |
Mar 30, 2017 | $0.054 | OrdinaryDividend |
Dec 15, 2016 | $0.119 | OrdinaryDividend |
Sep 29, 2016 | $0.067 | OrdinaryDividend |
Jun 29, 2016 | $0.237 | OrdinaryDividend |
Mar 30, 2016 | $0.065 | OrdinaryDividend |
Dec 16, 2015 | $0.104 | OrdinaryDividend |
Dec 16, 2015 | $0.312 | CapitalGainLongTerm |
Sep 09, 2015 | $0.072 | OrdinaryDividend |
Jun 08, 2015 | $0.296 | OrdinaryDividend |
Mar 09, 2015 | $0.010 | OrdinaryDividend |
Dec 16, 2014 | $0.116 | OrdinaryDividend |
Dec 16, 2014 | $0.008 | CapitalGainShortTerm |
Dec 16, 2014 | $0.255 | CapitalGainLongTerm |
Sep 09, 2014 | $0.086 | OrdinaryDividend |
Jun 09, 2014 | $0.296 | OrdinaryDividend |
Mar 10, 2014 | $0.284 | OrdinaryDividend |
Dec 12, 2013 | $0.091 | OrdinaryDividend |
Dec 12, 2013 | $0.030 | CapitalGainShortTerm |
Dec 12, 2013 | $0.688 | CapitalGainLongTerm |
Sep 10, 2013 | $0.076 | OrdinaryDividend |
Jun 10, 2013 | $0.285 | OrdinaryDividend |
Mar 08, 2013 | $0.032 | OrdinaryDividend |
Dec 13, 2012 | $0.119 | OrdinaryDividend |
Dec 13, 2012 | $0.322 | CapitalGainLongTerm |
Sep 10, 2012 | $0.074 | OrdinaryDividend |
Jun 08, 2012 | $0.259 | OrdinaryDividend |
Mar 08, 2012 | $0.033 | OrdinaryDividend |
Dec 13, 2011 | $0.112 | OrdinaryDividend |
Dec 13, 2011 | $0.050 | CapitalGainLongTerm |
Sep 08, 2011 | $0.101 | OrdinaryDividend |
Jun 08, 2011 | $0.299 | OrdinaryDividend |
Mar 08, 2011 | $0.057 | OrdinaryDividend |
Dec 09, 2010 | $0.107 | OrdinaryDividend |
Sep 08, 2010 | $0.070 | OrdinaryDividend |
Jun 08, 2010 | $0.207 | OrdinaryDividend |
Mar 09, 2010 | $0.018 | OrdinaryDividend |
Dec 09, 2009 | $0.092 | OrdinaryDividend |
Sep 09, 2009 | $0.073 | OrdinaryDividend |
Jun 09, 2009 | $0.209 | OrdinaryDividend |
Mar 10, 2009 | $0.025 | OrdinaryDividend |
Dec 10, 2008 | $0.085 | OrdinaryDividend |
Sep 09, 2008 | $0.113 | OrdinaryDividend |
Jun 10, 2008 | $0.500 | OrdinaryDividend |
Mar 10, 2008 | $0.029 | OrdinaryDividend |
Dec 19, 2007 | $0.212 | OrdinaryDividend |
Dec 19, 2007 | $0.010 | CapitalGainShortTerm |
Dec 19, 2007 | $0.501 | CapitalGainLongTerm |
Sep 10, 2007 | $0.132 | OrdinaryDividend |
Jun 08, 2007 | $0.390 | OrdinaryDividend |
Mar 08, 2007 | $0.019 | OrdinaryDividend |
Dec 18, 2006 | $0.135 | OrdinaryDividend |
Dec 18, 2006 | $0.008 | CapitalGainShortTerm |
Dec 18, 2006 | $0.377 | CapitalGainLongTerm |
Sep 08, 2006 | $0.227 | OrdinaryDividend |
Jun 08, 2006 | $0.275 | OrdinaryDividend |
Dec 19, 2005 | $0.669 | OrdinaryDividend |
Sep 08, 2005 | $0.080 | OrdinaryDividend |
Jun 08, 2005 | $0.210 | OrdinaryDividend |
Mar 08, 2005 | $0.015 | OrdinaryDividend |
Dec 20, 2004 | $0.133 | OrdinaryDividend |
Sep 08, 2004 | $0.080 | OrdinaryDividend |
Jun 08, 2004 | $0.150 | OrdinaryDividend |
Dec 22, 2003 | $0.000 | CapitalGainShortTerm |
Dec 22, 2003 | $0.008 | CapitalGainLongTerm |
Dec 22, 2003 | $0.258 | OrdinaryDividend |
Dec 16, 2002 | $0.017 | CapitalGainLongTerm |
Dec 16, 2002 | $0.204 | OrdinaryDividend |
Dec 17, 2001 | $0.009 | CapitalGainShortTerm |
Dec 17, 2001 | $0.451 | CapitalGainLongTerm |
Dec 17, 2001 | $0.251 | OrdinaryDividend |
DFVIX - 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.
Bhanu Singh
Start Date
Tenure
Tenure Rank
Feb 28, 2015
7.26
7.3%
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.
Arun Keswani
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Mr. Keswani is a Senior Portfolio Manager and Vice President of Dimensional Fund Advisors LP. Mr. Keswani joined Dimensional in 2011 and has been a portfolio manager since 2013. Mr. Keswani holds an MBA from the Massachusetts Institute of Technology Sloan School of Management, an MS from Pennsylvania State University, and a BS from Purdue University.
Joel Schneider
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
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 | Category High | Category Average | Category Mode |
---|---|---|---|
0.25 | 29.68 | 7.75 | 0.54 |