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Global Real Estate Securities Portfolio
| Inception Date | Ticker Symbol | CUSIP Number |
| June 4, 2008 | DFGEX | 233-20G-554 |
The Global Real Estate Securities Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio invests in a broad range of securities of US and non-US companies in the real estate industry with a focus on real estate investment trusts or companies that Dimensional considers to be REIT-like entities. The Portfolio primarily purchases shares of Dimensional's Real Estate Securities Portfolio and International Real Estate Securities Portfolio. In addition to investing in these underlying funds, the Portfolio also may invest directly in securities of companies in the real estate industry that are eligible investments for the underlying funds. The Portfolio invests in securities associated with a diverse group of developed and emerging market countries that Dimensional has designated as approved markets.
For a full description, please consult the Portfolio's prospectus.
For a full description, please consult the Portfolio's prospectus.
Related materials
Prices
| Updated Daily | ||||
|---|---|---|---|---|
| Date | Closing Price | NAV Change $ | NAV Change % | |
| May 17, 2013 | $10.34 | $0.07 | 0.68% | |
Performance
| Updated Daily | ||||
|---|---|---|---|---|
| Total Returns | Year-to-Date | |||
| May 17, 2013 | 14.76% | |||
| Updated Monthly | ||||
|---|---|---|---|---|
| Total Returns | One Month | Three Month | Year-to-Date | |
| April 30, 2013 | 6.11% | 10.58% | 13.65% | |
| Updated Monthly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| April 30, 2013 | 22.98% | -- | -- | 5.80% |
| Updated Quarterly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| As of March 31, 2013 | 18.84% | -- | -- | 4.60% |
| Annual Expenses | Net Expense Ratio (to investor) | Total Operating Expense Ratio |
|---|---|---|
| 0.35% | 0.64% | |
|
Fee Reduction Effective February 28 2012, the management fee was reduced from 35 bps to 27 bps, with an expense limitation of 32 bps. See the prospectus for more information. |
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| Operating Expense ratio has been adjusted to reflect the estimated management fee to be paid by the portfolio through 10/31/2013. The net expense ratio takes into account contractual management fee waivers/caps and expense assumption agreements that are in effect through 2/28/2014. | ||
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.
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Distributions
| Last 12 Months | |||||
|---|---|---|---|---|---|
| Type | Amount per Share | Record Date | Ex-dividend Date | Payable Date | Ex-dividend Price |
| Dividend | $0.5950 USD | 12/12/2012 | 12/13/2012 | 12/18/2012 | $8.79 USD |
Top Holdings (330 Total)
| As of January 31, 2013 | % of portfolio |
|---|---|
| SIMON PROPERTY GROUP INC | 6.49 |
| WESTFIELD GROUP | 3.57 |
| PUBLIC STORAGE | 3.03 |
| UNIBAIL-RODAMCO SE | 2.98 |
| HCP INC | 2.61 |
| VENTAS INC | 2.50 |
| PROLOGIS INC | 2.41 |
| EQUITY RESIDENTIAL | 2.28 |
| BOSTON PROPERTIES INC | 2.14 |
| HEALTH CARE REIT INC | 2.06 |
| VORNADO REALTY TRUST | 1.90 |
| AVALONBAY COMMUNITIES INC | 1.80 |
| HOST HOTELS & RESORTS INC | 1.63 |
| LINK REIT/THE | 1.56 |
| LAND SECURITIES GROUP PLC | 1.41 |
| WESTFIELD RETAIL TRUST | 1.37 |
| KIMCO REALTY CORP | 1.14 |
| GOODMAN GROUP | 1.13 |
| DIGITAL REALTY TRUST INC | 1.12 |
| STOCKLAND | 1.12 |
| Total | 44.25 |
Sector Allocations
| As of April 30, 2013 | % of portfolio |
|---|---|
| REITs | 99.8 |
| Financials | 0.1 |
| Consumer Discretionary | 0.1 |
| Other | 0.0 |
| Total | 100.0 |
| 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.
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 are also exposed to foreign currency risk (the possibility that foreign currency will fluctuate in value against the US dollar).
Small Company Risk
Securities of small companies are often less liquid than those of large companies. As a result, small company stocks may fluctuate relatively more in price. In general, small companies are also more vulnerable than larger companies to adverse business or economic developments and they may have more limited resources.
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.
Emerging Markets Risk
Numerous emerging countries have recently experienced serious, and potentially continuing, economic and political problems. Stock markets in many emerging countries are relatively small, expensive and risky. Foreigners are often limited in their ability to invest in, and withdraw assets from, these markets. Additional restrictions may be imposed under other conditions.
Fund of Funds Risk
The investment performance of each Portfolio is affected by the investment performance of the Underlying Funds in which the Portfolio invests. The ability of a Portfolio to achieve its investment objective depends on the ability of the Underlying Funds to meet their investment objectives and on the Advisor's decisions regarding the allocation of the Portfolio's assets among the Underlying Funds. There can be no assurance that the investment objective of any Portfolio or Underlying Fund will be achieved. Through their investments in the Underlying Funds, the Portfolios are subject to the risks of the Underlying Funds investments. The risks of the Underlying Funds may include Market Risk, Small Company Risk, Risks of Concentrating in the Real Estate Industry, Emerging Markets Risk, Interest Rate Risk, Credit Risk, and Risks of Banking Concentration. For more details regarding these risks, please see the DIG Global Portfolios Prospectus.
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.
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 are also exposed to foreign currency risk (the possibility that foreign currency will fluctuate in value against the US dollar).
Small Company Risk
Securities of small companies are often less liquid than those of large companies. As a result, small company stocks may fluctuate relatively more in price. In general, small companies are also more vulnerable than larger companies to adverse business or economic developments and they may have more limited resources.
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.
Emerging Markets Risk
Numerous emerging countries have recently experienced serious, and potentially continuing, economic and political problems. Stock markets in many emerging countries are relatively small, expensive and risky. Foreigners are often limited in their ability to invest in, and withdraw assets from, these markets. Additional restrictions may be imposed under other conditions.
Fund of Funds Risk
The investment performance of each Portfolio is affected by the investment performance of the Underlying Funds in which the Portfolio invests. The ability of a Portfolio to achieve its investment objective depends on the ability of the Underlying Funds to meet their investment objectives and on the Advisor's decisions regarding the allocation of the Portfolio's assets among the Underlying Funds. There can be no assurance that the investment objective of any Portfolio or Underlying Fund will be achieved. Through their investments in the Underlying Funds, the Portfolios are subject to the risks of the Underlying Funds investments. The risks of the Underlying Funds may include Market Risk, Small Company Risk, Risks of Concentrating in the Real Estate Industry, Emerging Markets Risk, Interest Rate Risk, Credit Risk, and Risks of Banking Concentration. For more details regarding these risks, please see the DIG Global Portfolios Prospectus.
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
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.