Strategies /
Short-Term Extended Quality Portfolio
| Inception Date | Ticker Symbol | CUSIP Number |
| March 4, 2009 | DFEQX | 233-20G-521 |
The investment objective of the Portfolio is to maximize total returns by having the flexibility to invest in a full range of investment grade bonds, extending into the universe of US and foreign corporate debt securities rated in the lower half of the investment grade spectrum (i.e., rated BBB- to A+ by S&P or Fitch, or Baa3 to A1 by Moody's) when Dimensional believes the credit risk premium warrants the investment. The Portfolio also invests in obligations issued or guaranteed by US and foreign governments, their agencies, and instrumentalities; bank obligations; commercial paper; repurchase agreements; obligations of other domestic and foreign issuers having investment grade ratings; securities of domestic or foreign issuers denominated in US dollars but not trading in the US; and obligations of supranational organizations. At the present time, most investments are made in developed countries, but other countries may be added in the future. The Portfolio hedges foreign currency exposure. The Portfolio primarily invests in securities that mature within five years from the date of settlement and maintains an average portfolio duration of three years or less.
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 % | |
| September 1, 2010 | $10.85 | $-0.01 | -0.09% | |
Performance
| Updated Daily | ||||
|---|---|---|---|---|
| Total Returns | Year-to-Date | |||
| September 1, 2010 | 5.22% | |||
| Updated Monthly | ||||
|---|---|---|---|---|
| Total Returns | One Month | Three Month | Year-to-Date | |
| August 31, 2010 | 0.79% | 2.72% | 5.32% | |
| Updated Monthly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| August 31, 2010 | 7.03% | -- | -- | 8.83% |
| Updated Quarterly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| June 30, 2010 | 7.60% | -- | -- | 8.46% |
| Annual Expenses | Net Expense Ratio (to investor) | Total Operating Expense Ratio |
|---|---|---|
| October 31, 2009 | 0.22% | 0.28% |
| Dimensional has contractually agreed to waive certain fees and assume expenses for a one-year period set to terminate on March 1 unless renewed. Dimensional may seek reimbursement for amounts previously waived under the conditions outlined in the prospectus. | ||
Distributions
| Last 12 Months | |||||
|---|---|---|---|---|---|
| Type | Amount per Share | Record Date | Ex-dividend Date | Payable Date | Ex-dividend Price |
| Dividend | $0.0250 USD | 08/09/2010 | 08/10/2010 | 08/13/2010 | $10.81 USD |
| Dividend | $0.0280 USD | 07/07/2010 | 07/08/2010 | 07/13/2010 | $10.69 USD |
| Dividend | $0.0250 USD | 06/07/2010 | 06/08/2010 | 06/11/2010 | $10.64 USD |
| Dividend | $0.0260 USD | 05/07/2010 | 05/10/2010 | 05/13/2010 | $10.64 USD |
| Dividend | $0.0300 USD | 04/07/2010 | 04/08/2010 | 04/13/2010 | $10.58 USD |
| Dividend | $0.0240 USD | 03/08/2010 | 03/09/2010 | 03/12/2010 | $10.62 USD |
| Dividend | $0.0250 USD | 02/08/2010 | 02/09/2010 | 02/12/2010 | $10.61 USD |
| Short-Term Gain | $0.0080 USD | 12/07/2009 | 12/08/2009 | 12/14/2009 | $10.58 USD |
| Dividend | $0.0590 USD | 12/07/2009 | 12/08/2009 | 12/14/2009 | $10.58 USD |
| Dividend | $0.0280 USD | 11/09/2009 | 11/10/2009 | 11/16/2009 | $10.56 USD |
| Dividend | $0.0270 USD | 10/07/2009 | 10/08/2009 | 10/14/2009 | $10.52 USD |
| Dividend | $0.0280 USD | 09/08/2009 | 09/09/2009 | 09/14/2009 | $10.47 USD |
Holdings
| As of July 31, 2010 | % of portfolio |
|---|---|
| PROVINCE OF ONTARIO CANADA | 1.81 |
| INSTITUTO DE CREDITO OFICIAL | 1.39 |
| AFRICAN DEVELOPMENT BANK | 1.15 |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | 1.14 |
| LANDESKREDITBANK BADEN-WUERTTEMBERG FOERDERBANK | 1.07 |
| NESTLE HOLDINGS INC | 1.03 |
| FEDERAL HOME LOAN BANKS | 1.03 |
| RABOBANK NEDERLAND NV | 0.99 |
| WAL-MART STORES INC | 0.98 |
| TOTAL CAPITAL SA | 0.97 |
| CAISSE D'AMORTISSEMENT DE LA DETTE SOCIALE | 0.96 |
| WAL-MART STORES INC | 0.95 |
| KOMMUNINVEST I SVERIGE | 0.94 |
| PROVINCE OF SASKATCHEWAN CANADA | 0.91 |
| MICROSOFT CORP | 0.82 |
| FEDERAL FARM CREDIT BANK | 0.81 |
| FEDERAL HOME LOAN MORTGAGE CORP | 0.73 |
| HEWLETT-PACKARD CO | 0.73 |
| ROYAL BANK OF CANADA | 0.71 |
| PFIZER INC | 0.71 |
| Total | 19.82 |
Sector Allocations
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).
Interest Rate Risk
Fixed income securities are subject to interest rate risk because the prices of fixed income securities tend to move in the opposite direction of interest rates. In general, fixed income securities with longer maturities are more sensitive to these price changes.
Credit Risk
Credit risk is the risk that the issuer of a security may be unable to make interest payments and/or repay principal when due. A downgrade to an issuer's credit rating or a perceived change in an issuer's financial strength may affect a security's value, and thus, impact a fund's performance. Credit risk is greater for fixed income securities with ratings below investment grade. Fixed income securities that are below investment grade involve high credit risk and are considered speculative. Below-investment grade fixed income securities may also fluctuate in value more than higher-quality fixed income securities.
Risk of Banking Concentration
The fund may temporarily concentrate its assets in obligations of US and/or foreign banks and bank holding companies when the yield to maturity on eligible portfolio investments in banking industry securities as a group generally exceeds the yield to maturity on all other eligible portfolio investments as a group. Focus on the banking industry would link the performance of the fund to changes in the performance of the banking industry. For example, a change in the market's perception of the riskiness of banks compared to non-banks would cause the fund's values to fluctuate.
Income Risk
Income risk is the risk that falling interest rates will cause the fund's income to decline.
Call Risk
Call risk is the risk that during periods of falling interest rates, a bond issuer will call or repay a higher-yielding bond before its maturity date, forcing the fund to reinvest in bonds with lower interest rates than the original obligations.
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).
Interest Rate Risk
Fixed income securities are subject to interest rate risk because the prices of fixed income securities tend to move in the opposite direction of interest rates. In general, fixed income securities with longer maturities are more sensitive to these price changes.
Credit Risk
Credit risk is the risk that the issuer of a security may be unable to make interest payments and/or repay principal when due. A downgrade to an issuer's credit rating or a perceived change in an issuer's financial strength may affect a security's value, and thus, impact a fund's performance. Credit risk is greater for fixed income securities with ratings below investment grade. Fixed income securities that are below investment grade involve high credit risk and are considered speculative. Below-investment grade fixed income securities may also fluctuate in value more than higher-quality fixed income securities.
Risk of Banking Concentration
The fund may temporarily concentrate its assets in obligations of US and/or foreign banks and bank holding companies when the yield to maturity on eligible portfolio investments in banking industry securities as a group generally exceeds the yield to maturity on all other eligible portfolio investments as a group. Focus on the banking industry would link the performance of the fund to changes in the performance of the banking industry. For example, a change in the market's perception of the riskiness of banks compared to non-banks would cause the fund's values to fluctuate.
Income Risk
Income risk is the risk that falling interest rates will cause the fund's income to decline.
Call Risk
Call risk is the risk that during periods of falling interest rates, a bond issuer will call or repay a higher-yielding bond before its maturity date, forcing the fund to reinvest in bonds with lower interest rates than the original obligations.
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 (310) 395-8005; on the Internet at www.dimensional.com; or, by mail, DFA Securities LLC, c/o Dimensional Fund Advisors, 1299 Ocean Avenue, 11th Floor, Santa Monica, CA 90401.
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.
Performance data represents past performance. Past performance is no guarantee of future results, and current performance may be higher or lower than the performance displayed. The investment return and principal value of an investment will fluctuate such that an investor's shares, when redeemed, may be worth more or less than their original cost. Total returns include reinvestment of dividends and capital gains and are net of all fees and expenses. Prior to April 2002, certain international equity portfolios charged a reimbursement fee to the purchasers of shares of those portfolios.