DFSTX Performance — U.s. Small Cap Portfolio, Institutional Class Shares
Data updated: 2026-09-24
DFSTX returned +17.72% year to date and +27.14% over one year to Jul 2026. Annualised returns are +13.89% over 3 years and +9.16% over 5 years. Against its US Small Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $148, against $146 for the category, and to $127 over one year, against $129. Volatility over the past three years was 17.75% a year. In the 12 months to Jul 2026 the fund lost a net $471.3M, and assets reached $19.72B.
DFSTX Growth of $100
What $100 invested in U.s. Small Cap Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | DFSTX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $127 | $129 |
| 3 years (Aug 2023 – Jul 2026) | $148 | $146 |
| 5 years (Aug 2021 – Jul 2026) | $155 | $141 |
| Since data start (Aug 2019 – Jul 2026) | $221 | $204 |
DFSTX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +17.72% |
| 1 year | +27.14% |
| 3 years (annualised) | +13.89% |
| 5 years (annualised) | +9.16% |
DFSTX Annual Returns
Calendar-year total returns of U.s. Small Cap Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +17.72% |
| 2025 | +8.05% |
| 2024 | +11.50% |
| 2023 | +17.63% |
| 2022 | −13.53% |
| 2021 | +30.60% |
| 2020 | +11.16% |
| 2019 (Aug–Dec) | +5.59% |
DFSTX 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 | +5.4% | +2.6% | −5.1% | +8.9% | +1.7% | +5.3% | −1.7% | — | — | — | — | — |
| 2025 | +3.4% | −5.1% | −6.0% | −2.8% | +5.8% | +4.1% | +1.4% | +5.8% | +0.4% | −1.1% | +2.8% | 0.0% |
| 2024 | −3.1% | +4.4% | +3.9% | −5.8% | +4.9% | −1.6% | +8.8% | −1.1% | +0.9% | −1.5% | +10.5% | −7.7% |
| 2023 | +8.7% | −0.6% | −4.5% | −2.1% | −2.2% | +8.9% | +5.0% | −3.4% | −5.2% | −5.6% | +8.6% | +10.9% |
| 2022 | −7.3% | +1.3% | +0.1% | −7.5% | +1.7% | −8.3% | +10.1% | −3.3% | −9.1% | +12.0% | +4.5% | −5.9% |
| 2021 | +3.8% | +9.2% | +4.4% | +2.5% | +2.1% | −0.5% | −1.4% | +2.3% | −2.2% | +4.5% | −1.9% | +4.8% |
| 2020 | −4.2% | −9.8% | −22.1% | +14.0% | +5.8% | +2.5% | +4.2% | +4.1% | −4.2% | +3.3% | +15.3% | +8.0% |
| 2019 | — | — | — | — | — | — | — | −6.0% | +3.5% | +2.0% | +3.1% | +3.1% |
DFSTX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.75%
- 3-year Sharpe ratio: 0.53 (vs 4.5% risk-free rate)
- Best month: +10.91% (Dec 2023)
- Worst month: −7.71% (Dec 2024)
DFSTX Fund Flows
Monthly money in and out of U.s. Small Cap Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$471.3M
- 12-month gross sales (incl. reinvestments): $4.8B
- Sales ÷ redemptions: 0.91×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $472.3M | $580.1M | −$107.8M |
| Jun 2026 | $519.0M | $532.5M | −$13.5M |
| May 2026 | $405.8M | $447.1M | −$41.3M |
| Apr 2026 | $447.0M | $433.6M | $13.4M |
| Mar 2026 | $472.2M | $543.1M | −$70.9M |
| Feb 2026 | $445.1M | $360.6M | $84.5M |
| Jan 2026 | $412.8M | $606.0M | −$193.2M |
| Dec 2025 | $473.9M | $494.6M | −$20.7M |
| Nov 2025 | $198.4M | $196.3M | $2.1M |
| Oct 2025 | $414.4M | $527.0M | −$112.6M |
| Sep 2025 | $238.2M | $245.3M | −$7.2M |
| Aug 2025 | $299.7M | $303.9M | −$4.2M |
DFSTX Assets Under Management
Net assets of U.s. Small Cap Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $19.72B |
| 2026-04-30 | $18.94B |
| 2026-01-31 | $17.88B |
| 2025-10-31 | $16.74B |
| 2025-07-31 | $16.09B |
| 2025-04-30 | $14.71B |
| 2025-01-31 | $16.85B |
| 2024-10-31 | $16.22B |
| 2024-07-31 | $16.76B |
| 2024-04-30 | $14.92B |
| 2024-01-31 | $14.58B |
| 2023-10-31 | $12.75B |
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.