DFA Enhanced U.S. Large Company Portfolio

Frequently Asked Questions About DFELX

What does DFELX invest in?

The fund strives to achieve returns that exceed those of the S&P 500 Index. Its core strategy involves investing in derivative contracts tied to the S&P 500 Index alongside short-term fixed-income securities. Under normal operating conditions, a minimum of 80% of its net assets will be allocated to short-duration debt instruments. These fixed-income holdings are then augmented with an overlay of S&P 500 Index futures, swaps, and other derivatives. This combination is designed to provide exposure to the performance of large U.S. companies, or alternatively, the fund may invest directly in the equity securities of these major American firms.

What is the expense ratio of DFELX?

DFA Enhanced U.S. Large Company Portfolio (DFELX) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DFELX?

DFA Enhanced U.S. Large Company Portfolio (DFELX) manages $214.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is DFELX actively managed or an index fund?

DFELX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (DFELX's is 0.18%) because there's no security selection cost.

When was DFELX launched?

DFA Enhanced U.S. Large Company Portfolio (DFELX) launched in July 1996 and is managed by Dimensional.

How has DFELX performed?

DFELX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.