C000226674 Fees and Costs — DFA Global Core Plus Real Return Portfolio, Institutional Class Shares
Data updated: 2026-09-24
The net expense ratio is 0.29%: a 0.21% management fee plus 0.09% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 59%.
C000226674 Fees and Expenses
Annual operating expenses and sales charges of C000226674. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.21% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.30% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.29% |
| 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 |
C000226674 Costs Over Time
On $10,000 invested in C000226674, assuming 5% a year before costs, total costs come to $184 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 0.29%) | $30 | $96 | $167 |
| Lost growth on money paid in costs | $0 | $5 | $17 |
| Total costs | $30 | $100 | $184 |
| Value after costs | $10,470 | $11,476 | $12,579 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
C000226674 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): 59%
- Securities on loan, average value: $4.0M
- Net income from securities lending: $21K (0.008% of average net assets)
C000226674 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $385.4M | 33.16% |
| Citigroup Global Markets Inc. | $351.9M | 30.28% |
| BofA Securities, Inc. | $204.2M | 17.57% |
| Morgan Stanley & Co. LLC | $100.4M | 8.64% |
| Barclays Capital Inc. | $35.4M | 3.05% |
| J.P. Morgan Securities LLC | $22.5M | 1.94% |
| Jane Street Execution Services, LLC | $21.8M | 1.88% |
| BMO Capital Markets Corp. | $14.6M | 1.26% |
| TD Securities (USA) LLC | $13.7M | 1.18% |
| Deutsche Bank Securities Inc. | $12.2M | 1.05% |
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.