Strategies /
Selectively Hedged Global Equity Portfolio (I)
| Inception Date | Ticker Symbol | CUSIP Number |
| November 14, 2011 | DSHGX | 233-20G-331 |
The Selectively Hedged Global Equity Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio is a fund of funds which means that the Portfolio generally allocates its assets among other mutual funds managed by Dimensional. The Portfolio seeks to achieve exposure to a broad portfolio of securities of both US companies and non-US companies associated with countries with developed and emerging markets by generally purchasing shares of the US Core Equity 2 Portfolio, International Core Equity Portfolio, and Emerging Markets Core Equity Portfolio. The Portfolio may hedge some or all foreign currency exposure by entering into foreign forward currency contracts, futures, or other derivatives. The decision to hedge the Portfolio's currency exposure with respect to a foreign market will be based on, among other things, a comparison of the respective foreign and US short-term interest rates and the Portfolio's existing exposure to a given foreign currency.
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 20, 2013 | $12.88 | $0.02 | 0.16% | |
Performance
| Updated Daily | ||||
|---|---|---|---|---|
| Total Returns | Year-to-Date | |||
| May 20, 2013 | 13.68% | |||
| Updated Monthly | ||||
|---|---|---|---|---|
| Total Returns | One Month | Three Month | Year-to-Date | |
| April 30, 2013 | 1.89% | 4.82% | 9.36% | |
| Updated Monthly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| April 30, 2013 | 17.14% | -- | -- | 18.51% |
| Updated Quarterly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| As of March 31, 2013 | 12.89% | -- | -- | 18.10% |
| Annual Expenses | Net Expense Ratio (to investor) | Total Operating Expense Ratio |
|---|---|---|
| 0.40% | 1.00% | |
| Operating Expense ratio as of 10/31/2012. The net expense ratio takes into account contractual management fee waivers/caps and expense assumption agreements that are in effect through 2/28/2014. The fund’s prospectus contains more information on fees and expenses. | ||
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 | $0.1000 USD | 12/12/2012 | 12/13/2012 | 12/18/2012 | $11.07 USD |
| Long-Term Gain | $0.0170 USD | 12/12/2012 | 12/13/2012 | 12/18/2012 | $11.07 USD |
| Short-Term Gain | $0.0130 USD | 12/12/2012 | 12/13/2012 | 12/18/2012 | $11.07 USD |
| Dividend | $0.0470 USD | 09/07/2012 | 09/10/2012 | 09/13/2012 | $10.76 USD |
| Dividend | $0.1030 USD | 06/07/2012 | 06/08/2012 | 06/13/2012 | $9.89 USD |
Top Holdings (11852 Total)
| As of January 31, 2013 | % of portfolio |
|---|---|
| DFA U.S. CORE EQUITY 2 PORTFOLIO | 40.09 |
| DFA INTERNATIONAL CORE EQUITY PORTFOLIO | 39.67 |
| DFA EMERGING MARKETS CORE EQUITY PORTFOLIO | 20.31 |
| SHORT DESIGNATED CURRENCY CONTRACT TO SELL JAPANES | 0.14 |
| SHORT DESIGNATED CURRENCY CONTRACT TO SELL JAPANES | 0.04 |
| SHORT DESIGNATED CURRENCY CONTRACT TO SELL HONG KO | 0.00 |
| SHORT DESIGNATED CURRENCY CONTRACT TO SELL DANISH | -0.00 |
| SHORT DESIGNATED CURRENCY CONTRACT TO SELL DANISH | -0.01 |
| SHORT DESIGNATED CURRENCY CONTRACT TO SELL SWISS F | -0.03 |
| SHORT DESIGNATED CURRENCY CONTRACT TO SELL SWISS F | -0.03 |
| SHORT DESIGNATED CURRENCY CONTRACT TO SELL EUROPEA | -0.07 |
| SHORT DESIGNATED CURRENCY CONTRACT TO SELL EUROPEA | -0.11 |
| Total | 100.00 |
Sector Allocations
| As of April 30, 2013 | % of portfolio |
|---|---|
| Financials | 23.8 |
| Industrials | 14.2 |
| Consumer Discretionary | 13.3 |
| Information Technology | 10.0 |
| Energy | 9.8 |
| Materials | 8.8 |
| Consumer Staples | 7.1 |
| Health Care | 6.9 |
| Telecommunication Services | 3.3 |
| Utilities | 2.8 |
| REITs | 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).
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.
Derivatives Risk
Derivatives can be used for hedging (attempting to reduce risk by offsetting one investment position with another) or non-hedging purposes. While hedging can reduce or eliminate losses, it also can reduce or eliminate gains. The use of derivatives for non-hedging purposes may be considered more speculative than other types of investments. When the Portfolio uses derivatives, the Portfolio will be directly exposed to the risks of those derivatives. Derivative securities are subject to a number of risks, including commodity, correlation, interest rate, liquidity, market, credit and management risks, and the risk of improper valuation. The Portfolio also may use derivatives for leverage. The Portfolio's use of derivatives, particularly commodity-linked derivatives, involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. 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. For example, potential losses from commodity-linked notes or swap agreements can be unlimited. Additional risks are associated with the use of credit default swaps, including counterparty and credit risk (the risk that the other party to a swap agreement will not fulfill its contractual obligations, whether because of bankruptcy or other default) and liquidity risk (the possible lack of a secondary market for the swap agreement). Also, suitable derivative transactions may not be available in all circumstances and there can be no assurance that the Portfolio will engage in these transactions to reduce exposure to other risks when that would be beneficial.
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).
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.
Derivatives Risk
Derivatives can be used for hedging (attempting to reduce risk by offsetting one investment position with another) or non-hedging purposes. While hedging can reduce or eliminate losses, it also can reduce or eliminate gains. The use of derivatives for non-hedging purposes may be considered more speculative than other types of investments. When the Portfolio uses derivatives, the Portfolio will be directly exposed to the risks of those derivatives. Derivative securities are subject to a number of risks, including commodity, correlation, interest rate, liquidity, market, credit and management risks, and the risk of improper valuation. The Portfolio also may use derivatives for leverage. The Portfolio's use of derivatives, particularly commodity-linked derivatives, involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. 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. For example, potential losses from commodity-linked notes or swap agreements can be unlimited. Additional risks are associated with the use of credit default swaps, including counterparty and credit risk (the risk that the other party to a swap agreement will not fulfill its contractual obligations, whether because of bankruptcy or other default) and liquidity risk (the possible lack of a secondary market for the swap agreement). Also, suitable derivative transactions may not be available in all circumstances and there can be no assurance that the Portfolio will engage in these transactions to reduce exposure to other risks when that would be beneficial.
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.