C000093002 Fees and Costs — DFA Commodity Strategy Portfolio, Portfolio Shares
Data updated: 2026-09-24
The net expense ratio is 0.32%: a 0.28% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $55K in broker commissions, 0.0052% of average net assets, and portfolio turnover was 69%.
C000093002 Fees and Expenses
Annual operating expenses and sales charges of C000093002. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.28% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.32% |
| Fee waiver | — |
| Net expense ratio | 0.32% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000093002 Costs Over Time
On $10,000 invested in C000093002, assuming 5% a year before costs, total costs come to $206 over 5 years, cutting the return by 0.34% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $113 | $206 |
| Value after costs | $10,466 | $11,464 | $12,557 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
C000093002 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): 0.0052%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): $4.0B
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $6.2M
- Net income from securities lending: $32K (0.003% of average net assets)
C000093002 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $55K | 100.00% |
C000093002 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $713.4M | 21.31% |
| BofA Securities, Inc. | $431.1M | 12.88% |
| Wells Fargo Securities, LLC | $361.9M | 10.81% |
| Citigroup Global Markets Inc. | $328.8M | 9.82% |
| Goldman Sachs & Co. LLC | $290.8M | 8.69% |
| Mizuho Securities USA LLC | $289.2M | 8.64% |
| Morgan Stanley & Co. LLC | $268.1M | 8.01% |
| RBC Capital Markets, LLC | $251.2M | 7.50% |
| Barclays Capital Inc. | $248.3M | 7.42% |
| BMO Capital Markets Corp. | $164.8M | 4.92% |
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.