Tax-Managed U.s. Equity Portfolio

Data updated: 2021-06-15

C000002723 — Tax-Managed U.s. Equity Portfolio. Global (incl. US) Small Cap Blend / Core Equity · $5.40B AUM. Holdings, fees, performance and SEC filings.

C000002723 Fund Overview

Tax-Managed U.s. Equity Portfolio is a US mutual fund managed by Dfa Investment Dimensions Group INC, categorised as Global (incl. US) Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: Dfa Investment Dimensions Group INC
Category: Global (incl. US) Small Cap Blend / Core Equity
Assets under management: $5.40B
1-year return: 50.3%
SEC CIK: 0000355437
SEC series ID: S000000972
Share class ID: C000002723

C000002723 Investment Objective and Strategy

Tax-Managed U.s. Equity Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Dfa Investment Dimensions Group INC.

Investment objective

The investment objective of the Tax-Managed U.S. Equity Portfolio is to achieve long-term capital appreciation while minimizing federal income taxes on returns.

Principal investment strategy

Dimensional Fund Advisors LPs (the Advisor) tax management strategies for the Tax-Managed U.S. Equity Portfolio are designed to maximize the after tax value of a shareholders investment. Generally, the Advisor buys and sells securities for the Tax-Managed U.S. Equity Portfolio with the goals of: (i) delaying and minimizing the realization of net capital gains (e.g., selling stocks with capital losses to offset gains, realized or anticipated); and (ii) maximizing the extent to which any realized net capital gains are long-term in nature (i.e., taxable at lower capital gains tax rates). The Tax-Managed U.S. Equity Portfolio, using a market capitalization weighted approach, generally purchases a broad and diverse group of securities of U.S. companies. A companys market capitalization is the number of its shares outstanding times its price per share.

In general, the higher the relative market capitalization of the U.S. company, the greater its representation in the Tax-Managed U.S. Equity Portfolio. The Advisor may adjust the representation in the Tax-Managed U.S. Equity Portfolio of an eligible company, or exclude a company, after considering such factors as free float, momentum, trading strategies, liquidity, size, value, profitability, and other factors that the Advisor determines to be appropriate, given market conditions. Securities are considered value stocks primarily because a companys shares have a low price in relation to their book value. In assessing value, the Advisor may consider additional factors such as price to cash flow or price to earnings ratios. In assessing profitability, the Advisor may consider different ratios, such as that of earnings or profits from operations relative to book value or assets.

The criteria the Advisor uses for assessing value or profitability are subject to change from time to time. As a non-fundamental policy, under normal circumstances, the Tax-Managed U.S. Equity Portfolio will invest at least 80% of its net assets in securities of U.S. companies. As of the date of this Prospectus, the Advisor considers for purchase by Tax-Managed U.S. Equity Portfolio securities of companies whose market capitalizations generally fall within the range of total market capitalization. Total market capitalization is based on the market capitalization of U.S. operating companies listed on the New York Stock Exchange (NYSE), NYSE American LLC, Nasdaq Global Market , Nasdaq Capital Market , or such other securities exchanges deemed appropriate by the Advisor. The Tax-Managed U.S. Equity Portfolio may purchase or sell 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. The Portfolio does not intend to sell futures contracts to establish short positions in individual securities or to use derivatives for purposes of speculation or leveraging investment returns. The Tax-Managed U.S. Equity Portfolio may lend its portfolio securities to generate additional income.

C000002723 Performance

Total returns for C000002723 (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	50.3%

C000002723 Risk Information

Risk metrics for C000002723, derived from monthly returns in SEC filings.

1-year volatility (annualised): 14.9%

C000002723 Costs and Fees

C000002723 costs about $21 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.21%
Gross expense ratio: 0.21%
Portfolio turnover: 2%
Brokerage commissions: 0.09 bps of average net assets (SEC N-CEN)

C000002723 Cashflows

Over the 12 months to 2021-04, Tax-Managed U.s. Equity Portfolio had net outflows of $187.84M, from monthly SEC N-PORT filings.

Month	Net flow
2021-04	$6.35M
2021-03	$9.73M
2021-02	−$10.66M
2021-01	−$17.45M
2020-12	−$13.47M
2020-11	−$4.64M

C000002723 Debt Constituents

No individual debt constituents are reported in Tax-Managed U.s. Equity Portfolio's latest SEC N-PORT filing.

C000002723 Prospectus and SEC Filings

Official Tax-Managed U.s. Equity Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Global (incl. US) Small Cap Blend / Core Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.