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World ex US Targeted Value Portfolio

Ticker DWUSX
Inception Date 11/01/12
Fund Net Assets $527.1 M (As Of 04/30/18)

The investment objective of the World ex U.S. Targeted Value Portfolio is to achieve long-term capital appreciation.

Returns (As of 04/30/18)(As of 03/31/18)

Annualized Returns

portfolio benchmark
YTD -0.03% 0.80%
1 Year 15.95% 18.44%
3 Year 8.92% 8.70%
5 Year 8.61% 8.24%
Since Inception 10.67% 10.06%

Annualized Returns

portfolio benchmark
YTD -1.15% -0.35%
1 Year 17.23% 20.60%
3 Year 10.74% 10.40%
5 Year 8.89% 8.57%
Since Inception 10.61% 9.99%

Calendar Year Returns

portfolio benchmark
2017 31.53% 31.65%
2016 10.32% 3.91%
2015 -2.11% 2.60%
2014 -4.49% -4.03%
2013 19.91% 19.73%

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 2018, all rights reserved.

Dimensional funds are distributed by DFA Securities LLC.

Fees & Expenses

Management Fee 0.58%
Total Operating Expense Ratio 0.67%
Net Expense Ratio (to investor) 0.67%

Certain Portfolios have entered into fee waiver and/or expense assumption arrangements with the Advisor. In these cases, the Advisor has contractually agreed, under certain circumstances, to waive certain fees and/or assume certain expenses of the Portfolio. Unless otherwise stated in the prospectus, the Advisor may amend or discontinue these arrangements 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 assumption arrangements. Please read the Portfolio's prospectus for details and more information.

Characteristics (As Of 04/30/18)


Price-to-Book 1.11
% in Top 10 Holdings 3.47%
Wtd. Avg. Mkt. Cap. (Millions) $3264
Number of Holdings 4738
Annual Turnover as of 10/31/17 17%

GICS Sector Allocation1

Financials 21.95%
Industrials 20.82%
Materials 16.56%
Consumer Discretionary 15.87%
Information Technology 7.27%
Energy 5.40%
Consumer Staples 5.38%
Health Care 3.24%
Utilities 2.11%
Telecommunication Services 1.37%
REITs 0.01%

Top Holdings

Bank of Ireland Group PLC 0.56%
Aegon NV 0.40%
Banco de Sabadell SA 0.34%
Ageas 0.33%
Eiffage SA 0.33%
Pearson PLC 0.32%
Swiss Life Holding AG 0.31%
Stora Enso OYJ 0.31%
Neste Oyj 0.28%
Royal Mail PLC 0.28%

Top Countries

Japan 18.21%
United Kingdom 10.85%
China 8.70%
Korea 5.99%
Canada 5.51%

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 the most recent month end available.

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 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.

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 World ex U.S. Targeted Value Portfolio does not hedge foreign currency risk.

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.

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

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 World ex U.S. Targeted Value Portfolio and affect portfolio holdings, when compared to other mutual funds that do not take into account potential tax implications. The Advisor anticipates that performance of the Portfolio may deviate from that of mutual funds that do not take into account potential tax implications.

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 World ex U.S. Targeted Value 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 World ex U.S. Targeted Value 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 World ex U.S. Targeted Value 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.


Calendar Year

Record Date Ex-Date Payable Date Type Rate per Share
06/05/15 06/08/15 06/09/15 Dividend $0.05123
09/08/15 09/09/15 09/10/15 Dividend $0.06572
12/15/15 12/16/15 12/17/15 Dividend $0.02403
Record Date Ex-Date Payable Date Type Rate per Share
03/29/16 03/30/16 03/31/16 Dividend $0.04499
06/28/16 06/29/16 06/30/16 Dividend $0.11314
09/28/16 09/29/16 09/30/16 Dividend $0.02158
12/14/16 12/15/16 12/16/16 Dividend $0.05366
Record Date Ex-Date Payable Date Type Rate per Share
03/29/17 03/30/17 03/31/17 Dividend $0.01284
06/28/17 06/29/17 06/30/17 Dividend $0.12562
09/27/17 09/28/17 09/29/17 Dividend $0.08173
12/14/17 12/15/17 12/18/17 Dividend $0.06526
12/14/17 12/15/17 12/18/17 Long-Term Capital Gain $0.26413
Record Date Ex-Date Payable Date Type Rate per Share
03/27/18 03/28/18 03/29/18 Dividend $0.01457
06/27/18 06/28/18 06/29/18
09/26/18 09/27/18 09/28/18
12/17/18 12/18/18 12/19/18

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

Dimensional funds are distributed by DFA Securities LLC.