DFA Emerging Markets Value Portfolio has a strong value orientation that pulls it toward risky segments of the market. A closer review of its risk/reward profile has reduced our confidence that this strategy will outperform the MSCI Emerging Markets Index on a risk-adjusted basis over the long run. So, we are downgrading its Process Pillar rating to Below Average from Average and its Morningstar Analyst Rating to Neutral from Bronze.
DFA Emerging Markets Value I DFEVX
NAV / 1-Day Return
33.58
/
0.18
%
Total Assets
15.7 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.460%
Expense Ratio
0.460%
Fee Level
Low
Longest Manager Tenure
11.29
years
Category
Diversified Emerging Mkts
Investment Style
Large ValueMin. Initial Investment
0
Status
Open
TTM Yield
2.33%
Turnover
—
Premium
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 DFEVX 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 DFEVX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the DFEVX 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 DFEVX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A strong value orientation amplifies risk.
