DFA Investment Grade I

Frequently Asked Questions About DFAPX

What does DFAPX invest in?

This fund aims to accomplish its financial targets by investing in a wide range of high-quality debt instruments. These securities are issued by both American and international corporations and government bodies. Ordinarily, and as a flexible guideline, at least four-fifths of the portfolio's total holdings will consist of fixed-income assets considered to be of investment-grade quality.

What is the expense ratio of DFAPX?

DFA Investment Grade I (DFAPX) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.

What is DFAPX's dividend yield?

DFAPX's trailing-twelve-month yield is 4.35%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DFAPX?

Effective duration measures DFAPX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DFAPX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of DFAPX?

DFAPX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of DFAPX?

Yield to maturity (YTM) is the total return you'd earn from DFAPX if every bond in the portfolio is held to maturity at the current price. DFAPX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.