Dfa Targeted Credit Portfolio
Data updated: 2026-09-24
C000156056 — Dfa Targeted Credit Portfolio. Short Total / Aggregate Bond · $848.65M AUM · 0.20% expense ratio. Holdings, fees, performance and SEC filings.
C000156056 Fund Overview
Dfa Targeted Credit Portfolio is a US mutual fund managed by Dfa Investment Dimensions Group INC, categorised as Short Total / Aggregate Bond. 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: Short Total / Aggregate Bond
- Assets under management: $848.65M
- 1-year return: 4.4%
- SEC CIK: 0000355437
- SEC series ID: S000049338
- Share class ID: C000156056
C000156056 Investment Objective and Strategy
Dfa Targeted Credit 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 DFA Targeted Credit Portfolio (the “Targeted Credit Portfolio” or the “Portfolio”) is to maximize total returns from the universe of debt securities in which the Portfolio invests. Total return is comprised of income and capital appreciation.
Principal investment strategy
The Targeted Credit Portfolio seeks to maximize total returns from a universe of U.S. and foreign corporate debt securities that mature within five years from the date of settlement. In addition, the Portfolio may invest in obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, bank obligations, commercial paper, repurchase agreements, obligations of other domestic and foreign issuers, securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. The Portfolio generally emphasizes investments in debt securities rated in the lower half of the investment grade spectrum (e.g., rated BBB- to A+ by Standard & Poors Rating Group (S&P) or Fitch Ratings Ltd.
(Fitch) or Baa3 to A1 by Moodys Investors Service, Inc. (Moodys)). The Portfolio may also invest in higher-rated and/or lower-rated (i.e., below investment grade, also known as junk bonds) debt securities. At the present time, the Advisor expects that most investments will be made in the obligations of issuers that are located in developed countries. However, in the future, the Advisor anticipates investing in issuers located in other countries as well. As a non-fundamental policy, under normal circumstances, the Targeted Credit Portfolio will invest at least 80% of its net assets in debt securities. The Targeted Credit Portfolio seeks to maintain an average portfolio maturity and an average portfolio duration of five years or less. Duration is a measure of the sensitivity of a securitys price to changes in interest rates.
The longer a securitys duration, the more sensitive it will be to changes in interest rates. The Targeted Credit Portfolios investments may include foreign securities denominated in foreign currencies. The Portfolio intends to hedge foreign currency exposure to attempt to protect against uncertainty in the level of future foreign currency rates. The Portfolio may enter into foreign currency forward contracts to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. In regard to currency hedging, it is generally not possible to precisely match the foreign currency exposure of such foreign currency forward contracts to the value of the securities involved due to fluctuations in the market values of such securities and cash flows into and out of the Portfolio between the date a foreign currency forward contract is entered into and the date it expires.
The Portfolio also may enter into credit default swaps on issuers or indices to buy or sell credit protection to hedge its credit exposure; gain market or issuer exposure without owning the underlying securities; or increase the Portfolios total return. The Portfolio may purchase or sell futures contracts and options on futures contracts, to hedge its interest rate or currency exposure or for non-hedging purposes, such as a substitute for direct investment or to adjust market exposure, including adjustments based on actual or expected cash inflows to or outflows from the Portfolio. The Portfolio may use derivatives to establish short positions for individual securities, markets, or currencies, in order to adjust the Portfolios duration or to replace more traditional direct investments. The Portfolio may lend its portfolio securities to generate additional income.
C000156056 Holdings
Top 10 holdings of Dfa Targeted Credit Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury | 1.41% |
| United States Treasury | 1.40% |
| Bank Of Nova Scotia | 0.96% |
| Paypal Holdings, Inc. | 0.96% |
| Bank Of Montreal | 0.93% |
| Royal Bank Of Canada | 0.89% |
| Cargill, Inc. | 0.89% |
| Lseg US Fin Corp. | 0.86% |
| Philip Morris Intl, Inc. | 0.83% |
| United States Treasury | 0.83% |
C000156056 Portfolio Allocation
Asset-class allocation of Dfa Targeted Credit Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 98.8% |
| Equity | 0.8% |
| Cash & Equivalents | 0.8% |
C000156056 Performance
Total returns for C000156056 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 0.7% |
| 1 year | 4.4% |
| 3 years (annualised) | 5.1% |
| 5 years (annualised) | 1.9% |
C000156056 Risk Information
Risk metrics for C000156056, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.8%
C000156056 Costs and Fees
C000156056 costs about $20 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.20%
- Gross expense ratio: 0.22%
- Portfolio turnover: 70%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000156056 Cashflows
Over the 12 months to 2026-04, Dfa Targeted Credit Portfolio had net outflows of $12.53M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$34.93M |
| 2026-03 | $3.34M |
| 2026-02 | $10.09M |
| 2026-01 | $13.22M |
| 2025-12 | $5.51M |
| 2025-11 | $4.81M |
C000156056 Debt Constituents
Largest debt holdings of Dfa Targeted Credit Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 1.41% |
| United States Treasury | 1.40% |
| Bank Of Nova Scotia | 0.96% |
| Paypal Holdings, Inc. | 0.96% |
| Bank Of Montreal | 0.93% |
| Royal Bank Of Canada | 0.89% |
| Cargill, Inc. | 0.89% |
| Lseg US Fin Corp. | 0.86% |
| Philip Morris Intl, Inc. | 0.83% |
| United States Treasury | 0.83% |
C000156056 Prospectus and SEC Filings
Official Dfa Targeted Credit Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-24
- Portfolio holdings (N-PORT) — filed 2026-06-24
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-12
- Annual census (N-CEN) — filed 2025-01-10
Related Funds
Other Short Total / Aggregate Bond 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.