Strategies /
TA World ex US Core Equity Portfolio
| Inception Date | Ticker Symbol | CUSIP Number |
| March 6, 2008 | DFTWX | 233-20G-505 |
The TA World ex US Core Equity Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation while considering federal income tax implications of investment decisions. The Portfolio seeks to purchase a broad and diverse range of non-US companies, including emerging market issuers, with an increased exposure to small cap stocks and those it considers value stocks relative to the market universe. In assessing growth and value characteristics, Dimensional may consider factors such as a security's book value in relation to its market value (BtM ratio), as well as price-to-cash-flow or price-to-earnings ratios. Dimensional generally considers securities with high BtM ratios as value stocks. The Portfolio may invest in companies in Australia, Austria, Belgium, Brazil, Canada, Chile, China, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, the Netherlands, New Zealand, Norway, the Philippines, Poland, Portugal, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey and the United Kingdom.
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 % | |
| February 9, 2012 | $8.86 | $0.02 | -1.69% | |
Performance
| Updated Daily | ||||
|---|---|---|---|---|
| Total Returns | Year-to-Date | |||
| February 10, 2012 | 11.52% | |||
| Updated Monthly | ||||
|---|---|---|---|---|
| Total Returns | One Month | Three Month | Year-to-Date | |
| January 31, 2012 | 8.58% | 1.97% | 8.58% | |
| Updated Monthly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| January 31, 2012 | -10.90% | -- | -- | -1.86% |
| Updated Quarterly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| As of December 31, 2011 | -17.01% | -- | -- | -3.99% |
| Annual Expenses | Net Expense Ratio (to investor) | Total Operating Expense Ratio |
|---|---|---|
| As of October 31, 2011 | 0.48% | 0.48% |
| Dimensional has contractually agreed to waive certain fees and assume expenses for a one-year period set to terminate on February 28, 2013 unless renewed. Dimensional may seek reimbursement for amounts previously waived under the conditions outlined in the prospectus. | ||
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.
Distributions
| Last 12 Months | |||||
|---|---|---|---|---|---|
| Type | Amount per Share | Record Date | Ex-dividend Date | Payable Date | Ex-dividend Price |
| Dividend | $0.0680 USD | 12/12/2011 | 12/13/2011 | 12/16/2011 | $7.68 USD |
| Dividend | $0.0550 USD | 09/07/2011 | 09/08/2011 | 09/13/2011 | $8.35 USD |
| Dividend | $0.1120 USD | 06/07/2011 | 06/08/2011 | 06/13/2011 | $9.75 USD |
| Dividend | $0.0140 USD | 03/07/2011 | 03/08/2011 | 03/11/2011 | $9.96 USD |
Holdings
| As of January 31, 2012 | % of portfolio |
|---|---|
| ROYAL DUTCH SHELL PLC | 1.02 |
| BP PLC | 0.89 |
| VODAFONE GROUP PLC | 0.83 |
| HSBC HOLDINGS PLC | 0.61 |
| NOVARTIS AG | 0.45 |
| NESTLE SA | 0.45 |
| TOTAL SA | 0.40 |
| TORONTO-DOMINION BANK/THE | 0.38 |
| SAMSUNG ELECTRONICS CO LTD | 0.36 |
| STANDARD CHARTERED PLC | 0.34 |
| GAZPROM OAO | 0.34 |
| TOYOTA MOTOR CORP | 0.33 |
| PETROLEO BRASILEIRO SA | 0.32 |
| ANGLO AMERICAN PLC | 0.31 |
| NATIONAL AUSTRALIA BANK LTD | 0.30 |
| SUNCOR ENERGY INC | 0.29 |
| DAIMLER AG | 0.28 |
| BANCO SANTANDER SA | 0.28 |
| SANOFI | 0.27 |
| XSTRATA PLC | 0.27 |
| Total | 8.71 |
Sector Allocations
| As of January 31, 2012 | % of portfolio |
|---|---|
| Financials | 24.0 |
| Industrials | 15.6 |
| Materials | 13.6 |
| Consumer Discretionary | 12.3 |
| Energy | 10.1 |
| Consumer Staples | 6.7 |
| Information Technology | 6.7 |
| Health Care | 4.3 |
| Telecommunication Services | 3.4 |
| Utilities | 3.2 |
| REITs | 0.0 |
| 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 firms are often less liquid than those of large companies. As a result, small company stocks may fluctuate relatively more in price.
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.
Tax Advantage Strategy Risk
An investment strategy that considers the tax implications of investment decisions may alter the construction of the fund and affect fund holdings, when compared to those of non-tax-managed mutual funds. Dimensional anticipates that performance of the fund may deviate from that of non-tax-managed mutual funds.
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 firms are often less liquid than those of large companies. As a result, small company stocks may fluctuate relatively more in price.
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.
Tax Advantage Strategy Risk
An investment strategy that considers the tax implications of investment decisions may alter the construction of the fund and affect fund holdings, when compared to those of non-tax-managed mutual funds. Dimensional anticipates that performance of the fund may deviate from that of non-tax-managed mutual funds.
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.