DFSVX Performance — U.s. Small Cap Value Portfolio, Institutional Class Shares
Data updated: 2026-09-24
DFSVX returned +21.33% year to date and +34.39% over one year to Jul 2026. Annualised returns are +15.37% over 3 years and +12.41% over 5 years. The fund beat its US Small Value category average: $100 invested three years ago grew to $154, against $147 for the category, and to $134 over one year, against $131. Volatility over the past three years was 18.24% a year. In the 12 months to Jul 2026 the fund lost a net $899.7M, and assets reached $19.45B.
DFSVX Growth of $100
What $100 invested in U.s. Small Cap Value Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | DFSVX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $134 | $131 |
| 3 years (Aug 2023 – Jul 2026) | $154 | $147 |
| 5 years (Aug 2021 – Jul 2026) | $179 | $154 |
| Since data start (Aug 2019 – Jul 2026) | $252 | $214 |
DFSVX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +21.33% |
| 1 year | +34.39% |
| 3 years (annualised) | +15.37% |
| 5 years (annualised) | +12.41% |
DFSVX Annual Returns
Calendar-year total returns of U.s. Small Cap Value Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +21.33% |
| 2025 | +8.39% |
| 2024 | +9.57% |
| 2023 | +18.91% |
| 2022 | −3.51% |
| 2021 | +39.86% |
| 2020 | +2.24% |
| 2019 (Aug–Dec) | +6.43% |
DFSVX 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 | +6.9% | +3.4% | −3.4% | +7.6% | +0.2% | +3.0% | +2.3% | — | — | — | — | — |
| 2025 | +2.9% | −5.3% | −5.8% | −5.3% | +6.0% | +4.7% | +1.4% | +8.3% | −1.1% | −1.7% | +4.0% | +1.1% |
| 2024 | −2.8% | +2.6% | +5.3% | −5.9% | +5.4% | −2.4% | +10.2% | −2.4% | 0.0% | −1.5% | +10.3% | −7.9% |
| 2023 | +8.6% | −0.9% | −7.1% | −1.8% | −3.5% | +10.4% | +6.8% | −3.1% | −4.2% | −4.9% | +8.5% | +11.3% |
| 2022 | −2.9% | +2.0% | +0.9% | −5.7% | +3.9% | −10.8% | +9.9% | −2.2% | −9.4% | +14.7% | +5.1% | −5.9% |
| 2021 | +5.6% | +12.2% | +6.8% | +2.3% | +4.6% | −2.8% | −2.1% | +2.2% | −0.8% | +3.8% | −2.3% | +5.6% |
| 2020 | −6.9% | −10.8% | −26.6% | +15.8% | +2.9% | +2.6% | +3.2% | +5.6% | −5.1% | +4.0% | +17.9% | +8.2% |
| 2019 | — | — | — | — | — | — | — | −8.0% | +6.0% | +1.8% | +3.2% | +3.9% |
DFSVX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 18.24%
- 3-year Sharpe ratio: 0.60 (vs 4.5% risk-free rate)
- Best month: +11.26% (Dec 2023)
- Worst month: −7.90% (Dec 2024)
DFSVX Fund Flows
Monthly money in and out of U.s. Small Cap Value Portfolio, from SEC Form N-PORT.
- 12-month net flow: −$899.7M
- 12-month gross sales (incl. reinvestments): $5.2B
- Sales ÷ redemptions: 0.85×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $481.9M | $583.0M | −$101.1M |
| Jun 2026 | $592.6M | $663.1M | −$70.6M |
| May 2026 | $489.5M | $523.9M | −$34.4M |
| Apr 2026 | $465.1M | $503.4M | −$38.4M |
| Mar 2026 | $508.9M | $458.5M | $50.4M |
| Feb 2026 | $426.0M | $490.2M | −$64.2M |
| Jan 2026 | $395.8M | $492.9M | −$97.1M |
| Dec 2025 | $369.8M | $492.3M | −$122.5M |
| Nov 2025 | $273.8M | $402.3M | −$128.5M |
| Oct 2025 | $379.3M | $445.2M | −$65.9M |
| Sep 2025 | $444.2M | $614.1M | −$169.9M |
| Aug 2025 | $385.1M | $442.5M | −$57.5M |
DFSVX Assets Under Management
Net assets of U.s. Small Cap Value Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $19.45B |
| 2026-04-30 | $18.72B |
| 2026-01-31 | $17.51B |
| 2025-10-31 | $15.97B |
| 2025-07-31 | $15.51B |
| 2025-04-30 | $13.94B |
| 2025-01-31 | $16.69B |
| 2024-10-31 | $16.46B |
| 2024-07-31 | $16.89B |
| 2024-04-30 | $14.95B |
| 2024-01-31 | $14.81B |
| 2023-10-31 | $12.94B |
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.