Fund Facts  

Inception Date: Feb 23, 2000
Ticker Symbol: DFFVX
Morningstar Category:Small Value
As of Sep 30, 2016
Fund Net Assets ($millions) $8,278

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks long-term capital appreciation.

Principal Investment Strategies  

The fund, using a market capitalization weighted approach, purchases a broad and diverse group of the readily marketable securities of U.S. small and midcap companies that the Advisor determines to be value stocks. It may use derivatives, such as futures contracts and options on futures contracts for U.S. equity securities and indices, to adjust market exposure based on actual or expected cash inflows to or outflows from the Portfolio.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
DFA US Targeted Value Instla7.51%11.80%14.05%6.65%16.75%6.95%11.33%
Russell 2000 Value Indexa,b8.87%15.49%18.81%6.77%15.45%5.78%N/A
Morningstar Small Valuea,c7.29%12.26%14.51%5.72%14.56%6.43%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total Expensesa0.37%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The Russell 2000® Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 29, 2016Sep 29, 2016$0.053360000
Jun 29, 2016Jun 29, 2016$0.061640000
Mar 30, 2016Mar 30, 2016$0.054350000
Dec 16, 2015Dec 16, 2015$0.978330000
Sep 9, 2015Sep 9, 2015$0.068280000
Jun 8, 2015Jun 8, 2015$0.071530000
Mar 9, 2015Mar 9, 2015$0.036220000
Dec 16, 2014Dec 16, 2014$1.105420000
Sep 9, 2014Sep 9, 2014$0.049500000
Jun 9, 2014Jun 9, 2014$0.054100000
Mar 10, 2014Mar 10, 2014$0.014030000
Dec 12, 2013Dec 12, 2013$1.382000000
Sep 10, 2013Sep 10, 2013$0.039000000
Jun 10, 2013Jun 10, 2013$0.047000000
Dec 13, 2012Dec 13, 2012$1.141000000
Sep 10, 2012Sep 10, 2012$0.027000000
Jun 8, 2012Jun 8, 2012$0.054000000
Mar 8, 2012Mar 8, 2012$0.007000000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2016
Period Stars Category Size
Overall 3 Stars371
3-Year 3 Stars371
5-Year 4 Stars334
10-Year 3 Stars213

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Sep 30, 2016
Equity Stylebox
Small Value
Allocation of Assets As of Aug 31, 2016
Type of Asset Percent
Equity99%
Fixed Income0%
Cash/Other1%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Aug 31, 2016
Asset ClassPercent
Domestic Stock97.1%
Foreign Stock1.8%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash1.1%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Aug 31, 2016
SectorPercent
Financial Services26.7%
Industrials19.1%
Technology14.3%
Consumer Cyclical13.0%
Energy7.7%
Basic Materials6.8%
Healthcare4.1%
Consumer Defensive4.0%
Communication Services1.5%
Utilities0.6%
Real Estate0.4%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Aug 31, 2016
Holding NamePercent
PulteGroup Inc0.8%
Jacobs Engineering Group Inc0.8%
S+p500 Emini Fut Sep16 Xcme 201609160.8%
Zions Bancorp0.8%
Assurant Inc0.8%
Post Holdings Inc0.7%
People's United Financial Inc0.7%
Arrow Electronics Inc0.7%
Toll Brothers Inc0.7%
Helmerich & Payne Inc0.7%
 

Statistics

Portfolio Statistics As of Sep 30, 2016
Statistic3-Year5-Year
Beta0.971.01
Alpha0.121.09
Standard Deviation13.8814.80
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.