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DFA Global Targeted Credit Fund Class A

Global Corp Fixed Income

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(04-22-2024)
$8.74
Change
$0.00 (0.04%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

DFA Global Targeted Credit Fund Class A

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Fund Returns

Inception Return (September 16, 2015): 0.07%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.36% 0.70% 2.79% 0.70% 3.60% 0.56% -1.58% -0.02% -0.38% 0.02% -0.10% -0.06% - -
Benchmark 0.87% 1.89% 7.97% 1.89% 5.13% 2.99% -0.37% -0.61% 1.00% 1.65% 1.85% 2.17% 2.40% 3.49%
Category Average 0.99% 7.07% 7.07% 0.83% 5.91% 1.22% -0.24% 2.52% 1.83% 2.01% - - - -
Category Rank 109 / 114 65 / 113 112 / 112 65 / 113 94 / 112 69 / 101 70 / 96 76 / 90 84 / 87 77 / 79 71 / 71 62 / 62 - -
Quartile Ranking 4 3 4 3 4 3 3 4 4 4 4 4 - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 0.54% -0.28% -0.27% 0.58% 0.28% -0.06% 0.21% 1.00% 0.86% 0.30% 0.03% 0.36%
Benchmark 1.46% -1.67% -1.90% 0.45% 1.77% -2.69% 1.41% 3.17% 1.28% 0.85% 0.16% 0.87%

Best Monthly Return Since Inception

2.07% (April 2020)

Worst Monthly Return Since Inception

-4.32% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - 1.35% 0.84% -1.06% 4.13% 1.29% -1.37% -8.10% 3.95%
Benchmark 12.44% 15.41% 0.66% 2.08% 5.22% 5.81% 8.39% -3.78% -10.63% 6.54%
Category Average - - - - - 9.03% 6.89% 0.56% -10.54% 7.62%
Quartile Ranking - - 4 4 3 4 4 4 1 4
Category Rank - - 62/ 62 68/ 71 48/ 78 80/ 84 88/ 89 73/ 93 24/ 101 109/ 111

Best Calendar Return (Last 10 years)

4.13% (2019)

Worst Calendar Return (Last 10 years)

-8.10% (2022)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 55.58
Cash and Equivalents 42.53
Canadian Corporate Bonds 1.15
Foreign Government Bonds 0.55
Canadian Government Bonds 0.18
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 57.47
Cash and Cash Equivalent 42.53

Geographic Allocation

Geographic Allocation
Name Percent
North America 65.80
Europe 26.94
Multi-National 7.25
Other 0.01

Top Holdings

Top Holdings
Name Percent
Canada Government 0.25% 01-Apr-2024 2.70
Canadian Dollars - London 2.32
Canada Government 2.25% 01-Mar-2024 0.92
Walt Disney Co 2.76% 07-Oct-2024 0.92
United Parcel Service Inc 2.13% 21-Mar-2024 0.89
Consolidated Edison Co of New York Inc 20-Mar-2024 0.88
Eastern Energy Gas Holdngs LLC 2.50% 15-Oct-2024 0.81
Canada Government 0.75% 01-Oct-2024 0.81
ING Groep NV 4.63% 06-Jan-2026 0.80
7-Eleven Inc 0.95% 10-Jan-2026 0.79

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: S. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

DFA Global Targeted Credit Fund Class A

Median

Other - Global Corp Fixed Income

3 Yr Annualized

Standard Deviation 3.43% 3.52% -
Beta 0.37% 0.33% -
Alpha -0.01% -0.01% -
Rsquared 0.60% 0.41% -
Sharpe -1.21% -0.64% -
Sortino -1.37% -1.01% -
Treynor -0.11% -0.07% -
Tax Efficiency - - -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 1.40% 3.43% 3.52% -
Beta 0.20% 0.37% 0.33% -
Alpha 0.03% -0.01% -0.01% -
Rsquared 0.68% 0.60% 0.41% -
Sharpe -0.85% -1.21% -0.64% -
Sortino 0.66% -1.37% -1.01% -
Treynor -0.06% -0.11% -0.07% -
Tax Efficiency 86.30% - - -

Fund Details

Start Date September 16, 2015
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) -

Fund Codes

FundServ Code Load Code Sales Status
DFA856

Investment Objectives

The fundamental investment objective of the fund is to maximize total returns from the universe of debt securities in which the fund invests. Total return is comprised of income and capital appreciation. Fundamental investment objectives may only be changed with the approval of a majority of unitholders at a meeting called for that purpose. However, we may change the fund’s investment strategies described below, at our discretion.

Investment Strategy

To achieve the fund's investment objectives, the Sub-Advisor seeks to maximize the fund's total returns from a universe of Canadian and foreign corporate debt securities that mature within five years from the date of settlement.

Portfolio Manager(s)

Name Start Date
Dimensional Japan Ltd. 07-23-2019
Dimensional Fund Advisors Pte. Ltd. 07-23-2019
Dimensional Fund Advisors LP 07-23-2019
Dimensional Fund Advisors Ltd. 07-23-2019
DFA Australia Limited. 07-23-2019
07-13-2020

Management and Organization

Fund Manager Dimensional Fund Advisors Canada ULC
Advisor Dimensional Fund Advisors Canada ULC
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor -
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 2,500
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal 50

Fees

MER 1.38%
Management Fee 1.20%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 1.00%
Trailer Fee Max (LL) -

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