DFA Emerging Markets Core Equity Portfolio borrows some of the best attributes of index-tracking funds while taking advantage of the freedom that comes from not rigidly tracking an index. While the underlying process is sound, the portfolio is still exposed to emerging markets-specific risks, decreasing our confidence in its ability to outperform the MSCI Emerging Markets Index on a risk-adjusted basis over the long haul. We are downgrading its Morningstar Analyst Rating to Bronze from Silver.
DFA Emerging Markets Core Equity I DFCEX
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will DFCEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable DFCEX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the DFCEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of DFCEX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A broad strategy with some mild factor tilts.
