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DFA Emerging Markets Value I DFEVX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
32.07  /  0.06 %
Total Assets
13.5 Bil
Adj. Expense Ratio
0.460%
Expense Ratio
0.460%
Fee Level
Low
Longest Manager Tenure
11.58 years
Category
Diversified Emerging Mkts
Investment Style
Large Value
Min. Initial Investment
0
Status
Open
TTM Yield
2.12%
Turnover
—

USD | NAV as of Sep 27, 2021 | 1-Day Return as of Sep 27, 2021, 9:33 PM GMT+00:00

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Morningstar’s Analysis

Will DFEVX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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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

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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

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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.

Analyst

Summary

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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.

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