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TA World ex US Core Equity Portfolio

Ticker DFTWX
Inception Date 03/06/08
Fund Net Assets $2.8 B (As Of 03/31/17)

The investment objective of the T.A. World ex U.S. Core Equity Portfolio is to achieve long-term capital appreciation while considering federal tax implications of investment decisions.

Returns (As of 05/31/17)(As of 03/31/17)

Annualized Returns

portfolio benchmark
YTD 14.69% 13.74%
1 Year 20.11% 18.24%
3 Year 2.33% 1.26%
5 Year 9.61% 8.39%
Since Inception 3.14% 1.75%

Annualized Returns

portfolio benchmark
YTD 9.20% 7.86%
1 Year 15.50% 13.13%
3 Year 1.50% 0.56%
5 Year 5.43% 4.36%
Since Inception 2.64% 1.19%

Calendar Year Returns

portfolio benchmark
2016 6.16% 4.50%
2015 -3.57% -5.66%
2014 -4.97% -3.87%
2013 16.61% 15.29%
2012 19.41% 16.83%
2011 -17.01% -13.71%
2010 15.57% 11.15%
2009 48.36% 41.45%

AFTER TAX RETURNS  (As of 03/31/2017)
After Taxes on Distributions: 1 Year = 14.93%   5 Year = 4.95%   Since Inception = 2.26%
After Taxes on Distributions and Sale of Fund Shares: 1 Year = 9.29%   5 Year = 4.33%   Since Inception = 2.17%
After-tax returns are calculated using the highest individual federal income tax rate in effect and they do not reflect state and local taxes. After-tax returns depend on an investor's particular tax situation and may differ from those shown here.

Performance is reported net of all advisory fees and includes reinvestment of dividends and other earnings. 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.  

Performance less than one year is not annualized.

Indices are not available for direct investment; therefore, their performance does not reflect the expenses associated with the management of an actual portfolio.

MSCI data copyright MSCI 2017, all rights reserved.

Dimensional funds are distributed by DFA Securities LLC.

Fees & Expenses

Management Fee 0.32%
Total Operating Expense Ratio 0.37%
Net Expense Ratio (to investor) 0.37%

Under certain circumstances, the Advisor has contractually agreed to waive certain fees and/or assume certain expenses of the Portfolio. Unless otherwise stated in the prospectus, the Advisor may amend or discontinue the waivers at any time, one year from the date of the prospectus. The net expense ratio reflects the total annual fund operating expenses of the Portfolio after taking into account any such fee waiver and/or expense reimbursement arrangements. Please read the Portfolio’s prospectus for details and more information.

Characteristics (As Of 03/31/17)

Characteristics

Price-to-Book 1.46
% in Top 10 Holdings 5.25%
Wtd. Avg. Mkt. Cap. (Millions) $28591
Number of Holdings 7852
Annual Turnover as of 10/31/16 7%

GICS Sector Allocation1

Financials 21.09%
Industrials 16.35%
Consumer Discretionary 15.02%
Materials 13.05%
Information Technology 9.36%
Consumer Staples 7.48%
Energy 6.57%
Health Care 5.10%
Telecommunication Services 3.00%
Utilities 2.96%
REITs 0.01%

Top Holdings

Royal Dutch Shell PLC 0.83%
Nestle SA 0.74%
Samsung Electronics Co Ltd 0.65%
BP PLC 0.60%
Toyota Motor Corp 0.54%
TOTAL SA 0.42%
Daimler AG 0.38%
HSBC Holdings PLC 0.37%
China Construction Bank Corp 0.36%
BASF SE 0.36%

Top Countries

Japan 17.31%
United Kingdom 11.93%
Canada 6.50%
China 6.44%
Germany 5.42%

1 Sectors defined by MSCI.

Please note that a Portfolio that invests in other Portfolios typically does not hold securities directly. As such, "Top Holdings" information for such a Portfolio represents "Top Holdings" information of underlying Portfolios.

Please click here to access Top Holdings as of a more recent month end.

Holdings are subject to change.

Numbers may not total 100% due to rounding.

 

Portfolio Risks

Equity Market Risk: Even a long-term investment approach cannot guarantee a profit. Economic, market, political, and issuer-specific conditions and events will cause the value of equity securities, and the T.A. World ex U.S. Core Equity Portfolio that owns them, to rise or fall. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices.

Value Investment Risk: Value stocks may perform differently from the market as a whole and following a value-oriented investment strategy may cause the Portfolio to at times underperform equity funds that use other investment strategies.

Small Company Risk: Securities of small companies are often less liquid than those of large companies and this could make it difficult to sell a small company security at a desired time or price. As a result, small company stocks may fluctuate relatively more in price. In general, smaller capitalization companies are also more vulnerable than larger companies to adverse business or economic developments and they may have more limited resources.

Foreign Securities and Currencies Risk: Foreign securities prices may decline or fluctuate because of: (a) economic or political actions of foreign governments, and/or (b) less regulated or liquid securities markets. Investors holding these securities may also be exposed to foreign currency risk (the possibility that foreign currency will fluctuate in value against the U.S. dollar or that a foreign government will convert, or be forced to convert, its currency to another currency, changing its value against the U.S. dollar). The T.A. World ex U.S. Core Equity Portfolio does not hedge foreign currency risk.

Emerging Markets Risk: Numerous emerging market countries have a history of, and continue to experience serious, and potentially continuing, economic and political problems. Stock markets in many emerging market countries are relatively small, expensive to trade in and generally have higher risks than those in developed markets. Securities in emerging markets also may be less liquid than those in developed markets and foreigners are often limited in their ability to invest in, and withdraw assets from, these markets. Additional restrictions may be imposed under other conditions. Frontier market countries generally have smaller economies or less developed capital markets and, as a result, the risks of investing in emerging market countries are magnified in frontier market countries.

Tax Advantage Strategy Risk: An investment strategy that considers the tax implications of investment decisions may alter the construction of the T.A. World ex U.S. Core Equity Portfolio and affect portfolio holdings, when compared to those of non-tax managed mutual funds. The Advisor anticipates that performance of the Portfolio may deviate from that of non-tax managed mutual funds.

Derivatives Risk: Derivatives are instruments, such as futures and foreign exchange forward contracts, whose value is derived from that of other assets, rates or indices. The use of derivatives for non-hedging purposes may be considered to carry more risk than other types of investments. When the T.A. World ex U.S. Core Equity Portfolio uses derivatives, the Portfolio will be directly exposed to the risks of those derivatives. Derivative instruments are subject to a number of risks including counterparty, liquidity, interest rate, market, credit and management risks, and the risk of improper valuation. Changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index, and the Portfolio could lose more than the principal amount invested.

Securities Lending Risk: Securities lending involves the risk that the borrower may fail to return the securities in a timely manner or at all. As a result, the T.A. World ex U.S. Core Equity Portfolio may lose money and there may be a delay in recovering the loaned securities. The Portfolio could also lose money if it does not recover the securities and/or the value of the collateral falls, including the value of investments made with cash collateral. Securities lending also may have certain adverse tax consequences.

Cyber Security Risk: The T.A. World ex U.S. Core Equity Portfolio’s and its service providers’ use of internet, technology and information systems may expose the Portfolio to potential risks linked to cyber security breaches of those technological or information systems. Cyber security breaches, amongst other things, could allow an unauthorized party to gain access to proprietary information, customer data, or fund assets, or cause the Portfolio and/or its service providers to suffer data corruption or lose operational functionality.


Dimensional Fund Advisors LP 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 us.dimensional.com.

Dimensional funds are distributed by DFA Securities LLC.