Tax-Managed DFA International Value Portfolio
Inception Date
April 16, 1999
|
Ticker Symbol
DTMIX |
CUSIP Number
233-203-546 |
The Tax-Managed DFA International Value Portfolio is a no-load mutual fund designed to achieve long-term capital appreciation. The Portfolio pursues its objective by investing in the stocks of large non-US companies which the Advisor believes to be value stocks at the time of purchase. Securities are considered value stocks primarily because a company's shares have a high book value in relation to their market value (BtM). This BtM sort excludes firms with negative or zero book values. In assessing value, additional factors such as price to cash flow or price to earning ratios may be considered, as well as economic conditions and developments in the issuer's industry. The criteria for assessing value are subject to change from time to time. The Portfolio seeks to minimize the impact of federal taxes on returns by deferring the realization of net capital gains and attempting to minimize the receipt of dividend income in order to minimize the taxable distributions to investors. The Portfolio currently invests in companies in Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and United Kingdom.
For a full description, please consult the Portfolio's prospectus.
| Prices |
| Updated Daily |
| |
| May 13, 2008 |
$18.86 |
$-0.12 |
-0.63% |
|
These Net Asset Values ("NAVs") have been prepared by the fund accounting agent. Dimensional Fund
Advisors reserves the right to restate these NAVs, if necessary, at any time.
|
| Performance |
| |
| Updated Daily |
| As of May 13, 2008 |
-3.41% |
|
| Updated Monthly |
| As of April 30, 2008 |
4.36% |
4.32% |
-4.38% |
|
| |
| As of April 30, 2008 |
-3.99% |
24.66% |
N/A |
10.93% |
|
| Updated Quarterly |
| As of March 31, 2008 |
-3.48% |
25.99% |
N/A |
10.51% |
|
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.
|
| As of November 30, 2007 |
0.54% |
0.54% |
|
|
| Distributions |
| Last 12 Months |
| |
| Dividend |
$0.0120 |
3/7/2008 |
3/10/2008 |
3/13/2008 |
$16.93 |
| Dividend |
$0.1490 |
12/18/2007 |
12/19/2007 |
12/24/2007 |
$18.94 |
| LT Capital Gain |
$1.7050 |
12/18/2007 |
12/19/2007 |
12/24/2007 |
$18.94 |
| Dividend |
$0.0920 |
9/7/2007 |
9/10/2007 |
9/13/2007 |
$20.61 |
| Dividend |
$0.3350 |
6/7/2007 |
6/8/2007 |
6/13/2007 |
$21.73 |
|
| Top Holdings |
| |
| VODAFONE GROUP PLC |
3.66 |
| E.ON AG |
3.18 |
| BANCO SANTANDER SA |
2.92 |
| BNP PARIBAS |
2.20 |
| DAIMLER AG |
1.79 |
| ARCELORMITTAL |
1.70 |
| ALLIANZ SE |
1.65 |
| HSBC HOLDINGS PLC |
1.61 |
| ING GROEP NV |
1.60 |
| ROYAL BANK OF SCOTLAND GROUP PLC |
1.53 |
| VOLKSWAGEN AG |
1.41 |
| DEUTSCHE BANK AG |
1.40 |
| AXA SA |
1.38 |
| CREDIT SUISSE GROUP |
1.35 |
| KONINKLIJKE PHILIPS ELECTRONICS NV |
1.27 |
| NATIONAL AUSTRALIA BANK LTD |
1.16 |
| COMMONWEALTH BANK OF AUSTRALIA |
1.13 |
| ZURICH FINANCIAL SERVICES AG |
1.05 |
| DEUTSCHE TELEKOM AG |
1.02 |
| MUENCHENER RUECKVERSICHERUNGS AG |
0.98 |
| Total |
33.99 |
|
| Sector Allocations |
| |
| Consumer Discretionary |
11.6 |
| Consumer Staples |
2.8 |
| Energy |
4.8 |
| Financials |
46.1 |
| Health Care |
0.2 |
| Industrials |
9.7 |
| Information Technology |
2.5 |
| Materials |
11.0 |
| Other |
0.0 |
| Telecommunication Services |
6.9 |
| Utilities |
4.4 |
| Total |
100.0 |
Sectors defined by MSCI.
|
View proxy vote filings.
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).
Tax Management Strategy Risk
Tax-management strategies may alter investment decisions and affect the
portfolio holdings when compared to those of non-tax-managed mutual funds. 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 (310) 395-8005; on the Internet at www.dimensional.com; or, by mail, DFA Securities Inc., c/o Dimensional Fund Advisors, 1299 Ocean Avenue, Santa Monica, CA 90401.
Mutual funds distributed by DFA Securities Inc.
