C000156056 Fees and Costs — Dfa Targeted Credit Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.20%: a 0.18% management fee plus 0.04% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 70%.
C000156056 Fees and Expenses
Annual operating expenses and sales charges of C000156056. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| Gross expense ratio | 0.22% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.20% |
| 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 | Yes |
C000156056 Costs Over Time
On $10,000 invested in C000156056, assuming 5% a year before costs, total costs come to $127 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $69 | $127 |
| Value after costs | $10,479 | $11,507 | $12,636 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
C000156056 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $9.7M
- Net income from securities lending: $31K (0.004% of average net assets)
C000156056 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $137.7M | 16.00% |
| Citigroup Global Markets Inc. | $118.4M | 13.75% |
| RBC Capital Markets, LLC | $95.6M | 11.11% |
| BofA Securities, Inc. | $94.6M | 10.99% |
| Goldman Sachs & Co. LLC | $85.2M | 9.90% |
| Wells Fargo Securities, LLC | $83.5M | 9.70% |
| Mizuho Securities USA LLC | $76.9M | 8.94% |
| J.P. Morgan Securities LLC | $75.1M | 8.72% |
| BNP Paribas Securities Corp. | $48.2M | 5.60% |
| HSBC Securities (USA) Inc. | $45.5M | 5.29% |
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.