DFREX Performance — Dfa Real Estate Securities Portfolio, Institutional Class Shares
Data updated: 2026-09-24
DFREX returned +17.50% year to date and +18.87% over one year to Jul 2026. Annualised returns are +10.08% over 3 years and +3.19% over 5 years. The fund beat its Real Estate category average: $100 invested three years ago grew to $133, against $132 for the category, and to $119 over one year, against $118. Volatility over the past three years was 16.61% a year. In the 12 months to Jul 2026 the fund lost a net $600.5M, and assets reached $7.10B.
DFREX Growth of $100
What $100 invested in Dfa Real Estate Securities Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Real Estate category average over the same months.
| Period | DFREX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $119 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $133 | $132 |
| 5 years (Aug 2021 – Jul 2026) | $117 | $117 |
| Since data start (Aug 2019 – Jul 2026) | $150 | $152 |
DFREX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.50% |
| 1 year | +18.87% |
| 3 years (annualised) | +10.08% |
| 5 years (annualised) | +3.19% |
DFREX Annual Returns
Calendar-year total returns of Dfa Real Estate Securities Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +17.50% |
| 2025 | +1.52% |
| 2024 | +5.52% |
| 2023 | +11.16% |
| 2022 | −24.96% |
| 2021 | +41.84% |
| 2020 | −5.04% |
| 2019 (Aug–Dec) | +5.74% |
DFREX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.7% | +7.4% | −6.3% | +9.2% | +0.2% | +1.6% | +2.3% | — | — | — | — | — |
| 2025 | +0.8% | +4.1% | −2.5% | −1.7% | +1.1% | −0.1% | −1.4% | +3.1% | +0.4% | −2.3% | +2.2% | −2.1% |
| 2024 | −4.7% | +1.8% | +1.7% | −7.7% | +5.4% | +2.4% | +7.0% | +5.8% | +3.0% | −3.6% | +3.6% | −7.9% |
| 2023 | +10.0% | −5.9% | −1.7% | +0.4% | −4.2% | +5.1% | +1.9% | −3.3% | −7.0% | −3.0% | +11.8% | +8.6% |
| 2022 | −8.0% | −4.0% | +7.3% | −4.0% | −4.7% | −6.9% | +8.5% | −5.8% | −12.6% | +3.2% | +6.0% | −4.9% |
| 2021 | 0.0% | +2.6% | +5.5% | +8.1% | +0.9% | +3.1% | +4.5% | +2.1% | −6.0% | +7.2% | −1.2% | +9.6% |
| 2020 | +1.4% | −6.9% | −18.5% | +8.8% | +1.8% | +2.1% | +3.3% | 0.0% | −2.6% | −3.4% | +9.8% | +2.2% |
| 2019 | — | — | — | — | — | — | — | +4.2% | +1.6% | +1.0% | −1.6% | +0.5% |
DFREX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.61%
- 3-year Sharpe ratio: 0.34 (vs 4.5% risk-free rate)
- Best month: +11.84% (Nov 2023)
- Worst month: −7.91% (Dec 2024)
DFREX Fund Flows
Monthly money in and out of Dfa Real Estate Securities Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$600.5M
- 12-month gross sales (incl. reinvestments): $1.8B
- Sales ÷ redemptions: 0.75×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $77.1M | $138.5M | −$61.4M |
| Jun 2026 | $122.6M | $130.4M | −$7.8M |
| May 2026 | $77.5M | $117.5M | −$40.1M |
| Apr 2026 | $104.0M | $170.8M | −$66.8M |
| Mar 2026 | $164.2M | $263.9M | −$99.7M |
| Feb 2026 | $169.6M | $269.4M | −$99.8M |
| Jan 2026 | $113.0M | $176.2M | −$63.2M |
| Dec 2025 | $217.4M | $207.7M | $9.8M |
| Nov 2025 | $145.5M | $195.6M | −$50.2M |
| Oct 2025 | $107.4M | $136.0M | −$28.5M |
| Sep 2025 | $291.1M | $349.3M | −$58.3M |
| Aug 2025 | $243.4M | $277.9M | −$34.6M |
DFREX Assets Under Management
Net assets of Dfa Real Estate Securities Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $7.10B |
| 2026-04-30 | $6.95B |
| 2026-01-31 | $6.60B |
| 2025-10-31 | $6.66B |
| 2025-07-31 | $6.73B |
| 2025-04-30 | $6.93B |
| 2025-01-31 | $7.07B |
| 2024-10-31 | $7.49B |
| 2024-07-31 | $7.27B |
| 2024-04-30 | $6.49B |
| 2024-01-31 | $6.94B |
| 2023-10-31 | $6.35B |
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.