Morningstar® Investment Profile™   Morningstar®
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DFA VA Short-Term Fixed Portfolio
Release date as of 2024-03-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-03-31
Out of 203
Ultrashort Bond Funds
Morningstar®
Style Box™
What is this?
As of 2024-02-29
Total Fund Assets ($ Mil)
361.84
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to achieve a stable real return in excess of the rate of inflation with a minimum of risk.
The fund seeks to achieve its investment objective by generally investing in a universe of high quality fixed income securities that typically mature in one year or less from the date of settlement. It may, however, take a large position in securities maturing within two years from the date of settlement when higher yields are available. Under normal circumstances, the fund will invest at least 80% of its net assets in fixed income securities and maintain a dollar-weighted average portfolio maturity that will not exceed one year.
  Morningstar Category: Ultrashort Bond
Ultrashort-bond portfolios invest primarily in investment-grade U.S. fixed-income issues and have durations typically of less than one year. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high-yield bond portfolios. Because of their focus on bonds with very short durations, these portfolios offer minimal interest-rate sensitivity and therefore low risk and total return potential. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Ultrashort is defined as 25% of the three-year average effective duration of the MCBI. 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 0.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 42.3
Bullet Cash Cash 57.7
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2024-02-29
Morningstar Fixed-Income Sectors
% Fund
Government 34.46
Corporate 9.35
Securitized 0.00
Municipal 0.00
Cash & Equivalents 56.19
Derivative 0.00
Data through 2024-02-29
Credit Analysis
% Bonds
AAA 12.35
AA 87.62
A 0.03
BBB 0.00
BB 0.00
B 0.00
Below B 0.00
Not Rated 0.00
Data through 2024-02-29
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 19
% of Net Assets in Top 10 Holdings 38.96
Turnover % (as of 2023-10-31) 61.00
30 Day SEC Yield % 5.30
Top Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
United States Treasury Notes 5.49474% 2025-04-30 32,905 32,922 9.08
United States Treasury Notes 5.45074% 2025-07-31 31,350 31,338 8.64
United States Treasury Notes 5.49574% 2025-10-31 28,750 28,746 7.93
United States Treasury Notes 5.52574% 2025-01-31 18,745 18,767 5.17
CDP Financial Inc. 3.15% 2024-07-24 8,000 7,925 2.19
Agence Francaise De Developpement SA 3.125% 2024-06-30 6,200 6,149 1.70
DBS Group Holdings Ltd. 6.06084% 2025-09-12 5,950 5,957 1.64
National Australia Bank Ltd. 6.31543% 2025-06-09 3,500 3,520 0.97
Commonwealth Bank of Australia 6.08119% 2025-09-12 3,425 3,432 0.95
Commonwealth Bank of Australia 6.19142% 2025-03-14 2,500 2,512 0.69
Data through 2024-02-29
  Principal Risks   
Lending, Credit and Counterparty, Prepayment (Call), Currency, Foreign Securities, Loss of Money, Not FDIC Insured, Income, Interest Rate, Market/Market Volatility, Other, Restricted/Illiquid Securities, Derivatives, Sovereign Debt, Management
Show Risk Definitions
  Other Information
Inception Date: 1995-10-03
Portfolio Manager(s)
David A. Plecha   (1995-10-03)
David Plecha is Dimensional’s Global Head of Fixed Income. A member of the Investment Committee and Investment Research Committee, he not only manages US and global portfolios but also maintains much of the fixed income research and client communications. Dave received his Chartered Financial Analyst® designation in 1996. Prior to joining Dimensional in 1989, he managed stock index futures and options for Leland O’Brien Rubinstein Associates and was an operations planner for Texas Instruments.
Ryan C. Haselton   (2021-02-28)
Joseph F. Kolerich   (2012-02-28)
Joseph Kolerich is Head of Fixed Income, Americas, Senior Portfolio Manager and Vice President of Dimensional and a member of the Investment Committee. Mr. Kolerich has an MBA from the University of Chicago Booth School of Business and a BS from Northern Illinois University. Mr. Kolerich joined DFA as a portfolio manager in 2001 and has been responsible for the fixed income portfolios since 2012.
Investment Advisor(s)
Dimensional Fund Advisors LP
Issuer
Dimensional Fund Advisors
Subadvisor(s)
Dimensional Fund Advisors Ltd
DFA Australia Limited
Show Data Definitions

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Returns will vary and shares may be worth more or less than their original cost when sold.