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Real Estate Securities Portfolio (I)

 

Inception DateTicker SymbolCUSIP Number
January 5, 1993DFREX233203835
The Real Estate Securities Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio intends to invest only in shares of equity and hybrid real estate investment trusts. The Portfolio invests in all eligible securities traded in the US securities markets, principally on the New York Stock Exchange or such other securities exchanges deemed appropriate by Dimensional.

For a full description, please consult the Portfolio's prospectus.
Prices
Updated Daily
DateClosing PriceNAV Change$NAV Change %
April 24, 2014$29.25$0.150.52%
Updated Monthly
DateTotal Net Assets
March 31, 2014$5,284,940,580.16
Performance
Updated Daily
Total Returns Year-to-Date
April 24, 2014 13.26%
Updated Monthly
Total Returns One Month Three Month Year-to-Date
March 31, 2014 0.65% 10.24% 10.24%
Updated Monthly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
March 31, 2014 3.92% 28.51% 8.05% 10.18%
Updated Quarterly
Average Annual Total Returns One Year Five Years Ten Years Since Inception
As of March 31, 2014 3.92% 28.51% 8.05% 10.18%
Annual ExpensesNet Expense Ratio (to investor)Total Operating Expense Ratio
 0.18%0.19%
Operating Expense ratio as of 10/31/2013. The net expense ratio takes into account contractual management fee waivers/caps and expense assumption agreements that are in effect through 2/28/2015.
Performance data shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent month-end, visit www.dimensional.com.
Distributions
Last 12 Months
TypeAmount per ShareRecord DateEx-dividend DatePayable DateEx-dividend Price
Dividend$0.1129 USD03/7/201403/10/201403/11/2014$27.97 USD
Dividend$0.4380 USD12/10/201312/11/201312/12/2013$25.53 USD
Dividend$0.0360 USD09/9/201309/10/201309/11/2013$26.47 USD
Dividend$0.2620 USD06/7/201306/10/201306/11/2013$27.88 USD
Top Holdings (129 Total)
As of March 31, 2014% of portfolio
Simon Property Group Inc9.72
Public Storage4.73
Prologis Inc4.04
Equity Residential3.89
HCP Inc3.54
Ventas Inc3.49
Boston Properties Inc3.42
Health Care REIT Inc3.42
Vornado Realty Trust3.22
AvalonBay Communities Inc3.21
Host Hotels & Resorts Inc3.08
General Growth Properties2.05
SL Green Realty Corp1.88
Kimco Realty Corp1.77
Macerich Co/The1.73
Realty Income Corp1.69
Federal Realty Investment1.50
Digital Realty Trust Inc1.34
Essex Property Trust Inc1.29
UDR Inc1.26
Total60.28
Sector Allocations
As of March 31, 2014% of portfolio
REITs 100.0
Financials 0.0
Total100.00
Sectors defined by MSCI
Market Risk
Even a long-term investment approach cannot guarantee a profit. Economic, political, and issuer-specific events will cause the value of securities, and the funds that own them, to rise or fall. Because the value of your investment in a fund will fluctuate, there is a risk that you will lose money.

Risk of Concentrating in the Real Estate Industry
The fund is concentrated in the real estate industry. The exclusive focus by the fund on the real estate industry may cause a fund's risk to approximate the general risks of direct real estate ownership. The performance of the fund may be materially different from the broad equity market.

Real Estate Investment Risk
The value of securities in the real estate industry can be affected by changes in real estate values and rental income, property taxes, interest rates, and tax and regulatory requirements. Investing in REITs and REIT-like entities involves certain unique risks in addition to those risks associated with investing in the real estate industry in general. REITs and REIT-like entities are dependent upon management skill, may not be diversified, and are subject to heavy cash flow dependency and self-liquidation. REITs and REIT-like entities also are subject to the possibility of failing to qualify for tax-free pass-through of income. Also, because REITs and REIT-like entities typically are invested in a limited number of projects or in a particular market segment, these entities are more susceptible to adverse developments affecting a single project or market segment than more broadly diversified investments.


Dimensional Fund Advisors is an investment advisor registered with the Securities and Exchange Commission. Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (512) 306-7400 or at www.dimensional.com.

Mutual funds distributed by DFA Securities LLC.

These Net Asset Values ("NAVs") have been prepared by the fund accounting agent. Dimensional Fund Advisors reserves the right to restate these NAV figures, if necessary, at any time.

Top Holdings data provided by State Street.