Global Real Estate Securities Portfolio
Inception Date
June 4, 2008
|
Ticker Symbol DFGEX |
CUSIP Number 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, including companies in developed and emerging markets, 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. The Portfolio is currently authorized to invest in companies in the following countries: Australia, Belgium, Canada, China, France, Germany, Greece, Hong Kong, Japan, the Netherlands, New Zealand, Singapore, South Africa, Taiwan, the United Kingdom, and the United States. Other countries may be authorized for investment in the future.
For a full description, please consult the Portfolio's prospectus.
| Prices |
| Updated Daily |
| |
| January 7, 2009 |
$5.52 |
$-0.13 |
-2.30% |
|
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 January 7, 2009 |
-0.18% |
|
| Updated Monthly |
| As of December 31, 2008 |
11.74% |
-35.34% |
N/A |
|
| |
| As of December 31, 2008 |
N/A |
N/A |
N/A |
-43.68%* |
* Returns for periods less than one year are not annualized.
|
| Updated Quarterly |
| As of December 31, 2008 |
N/A |
N/A |
N/A |
-43.68%* |
* Returns for periods less than one year are not annualized.
|
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 June 4, 2008 |
0.58% |
0.55% |
|
Dimensional has contractually agreed to waive certain fees and assume expenses for a one-year period set to terminate on April 1 unless renewed. Dimensional may seek reimbursement for amounts previously waived under the conditions outlined in the prospectus.
|
| Distributions |
| Last 12 Months |
| |
| Dividend |
$0.0960 |
12/9/2008 |
12/10/2008 |
12/15/2008 |
$5.28 |
| ST Capital Gain |
$0.0010 |
12/9/2008 |
12/10/2008 |
12/15/2008 |
$5.28 |
|
| Top Holdings |
| |
| INVESTMENT IN DFA REAL ESTATE |
55.04 |
| DFA INTERNATIONAL REAL ESTATE SECURITIES PORTFOLIO |
44.96 |
| Total |
100.00 |
|
| Sector Allocations |
| |
| Consumer Discretionary |
0.0 |
| Financials |
0.1 |
| Reits |
99.9 |
| Total |
100.0 |
Sectors defined by MSCI.
|
View proxy vote filings.
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.
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.
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.
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.
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.