C000039642 Fees and Costs — DFA International Real Estate Securities Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.28%: a 0.24% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $139K in broker commissions, 0.0043% of average net assets, and portfolio turnover was 3%.
C000039642 Fees and Expenses
Annual operating expenses and sales charges of C000039642. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.24% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000039642 Costs Over Time
On $10,000 invested in C000039642, assuming 5% a year before costs, total costs come to $180 over 5 years, cutting the return by 0.30% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.28%) | $29 | $92 | $161 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $30 | $98 | $180 |
| Value after costs | $10,470 | $11,478 | $12,582 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
C000039642 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0043%
- Total broker commissions: $139K
- Bought from dealers (principal trades, not a cost): $54.0M
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $164.0M
- Net income from securities lending: $1.4M (0.043% of average net assets)
C000039642 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $41K | 29.71% |
| Jefferies LLC | $40K | 28.53% |
| Virtu Americas LLC | $39K | 28.37% |
| UBS Securities LLC | $9K | 6.71% |
| Citigroup Global Markets Inc. | $6K | 4.38% |
| Loop Capital Markets LLC | $3K | 2.03% |
| Goldman Sachs & Co. LLC | $368 | 0.26% |
C000039642 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $17.0M | 93.15% |
| ABN AMRO Securities (USA) LLC | $1.2M | 6.85% |
| Jefferies LLC | $20 | 0.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.