DFA Emerging Markets Fund | DFEMX

For the past 3 years, emerging markets economic has seen a significant gain compare to developed countries (USA and Europe). Investing in this market can be done through Emerging Markets stock mutual fund. One of the best rated diversified emerging markets equity funds is DFA Emerging Markets I fund. Details about the fund's review is described below.

DFA Emerging Markets I (MUTF: DFEMX)

As part of international stock fund, the DFA Emerging Markets fund seeks to achieve long-term capital appreciation. This EM Equity fund usually invests most of its assets (>80%) in the Emerging Markets Stocks. It buys broad market coverage of larger companies associated with emerging markets, including frontier markets (emerging market countries in an earlier stage of development).

DFEMX Fund Details
DFA Emerging Markets I fund
  • Fund Inception Date: April 25, 1994
  • Ticker Symbol: DFEMX
  • CUSIP: 233-203-785
  • Beta (3yr): 1.09
  • Rank in category (YTD): 32
  • Category: Diversified Emerging Markets
  • Distribution Rate: 1.46%
  • Net Assets: $ 2.5 billion
  • Sales Load: 0%
  • Expense Ratio: 0.60%
  • Capital Gains: N/A
  • Number of Years Up: 10 years
  • Number of Years Down: 6 years
Updated on 9/13/2011

Karen Umland is the fund’s manager of this emerging markets fund since December 1998. This DFEMX fund was introduced to public 17 years ago (April 1994). The expense ratio of this fund is 0.60% per year. This is a no load fee, meaning it doesn’t have a front end sales load or deferred sales load. It also doesn’t have any management fee or 12b1 fee. It has a yield of 1.46%. The last dividend distributed was in June 2011 ($0.18). The total net assets are $ 2.5 billion.

This DFEMX fund has gotten 4-stars rating from Morningstar. It has 1.39% YTD return. Based on the load adjusted return, this top fund has returned 30.49% over the past year and 16.60% over the past decade. The yearly performance of this fund for the last three years is:
  • Year 2010: 21.82%
  • Year 2009: 71.77%
  • Year 2008: -49.20%
This Dimensional Fund Advisors fund can be purchased from 28 brokerages, such as JP Morgan, Schwab Institutional, Pershing Fund Center, Scottrade NTF, Protected Investors of America, Invest n Retire, etc.

As of June 2011, the top 5 countries allocation of this best stock fund is South Korea (14.94%), Brazil (13.89%), China (13.53%), Taiwan (12.15%) and India (9.45%). The top ten holdings as of July 2011 are Samsung Electronics Co Ltd (2.89%), America Movil SAB DE CV (2.14%), Taiwan Semiconductor Manufacturing Co Ltd (2.09%), Gazprom OAO (1.94%), Petroleo Brasileiro SA (1.59%), Vale SA (1.56%), Sasol Ltd (1.36%), Itau Unibanco Holding SA (1.34%), MTN Group Ltd (1.34%) and China Mobile Ltd (1.31%). The top sector allocations of this DFEMX as of July 2011 are Financials, Energy, Materials, Information Technology and Telecommunication Services.

According to the fund’s prospectus, the principal risks associated with this emerging markets investment fund are market risk, emerging markets risk, and foreign securities, and currencies risk.

DFA Emerging Markets II (MUTF: DFETX)

The other similar option for the best diversified emerging markets fund is DFA Emerging Markets II Portfolio (Ticker: DFETX).

DFETX Fund Details
  • Fund Inception Date: August 14, 1997
  • Ticker Symbol: DFETX
  • CUSIP: 254-34D-849
  • Beta (3yr): 1.09
  • Rank in category (YTD): 32
  • Category: Diversified Emerging Markets
  • Yield: 2.10%
  • Net Assets: $ 151.58 million
  • Sales Load: 0%
  • Expense Ratio: 0.37%
  • Capital Gains: N/A
  • Number of Years Up: 8 years
  • Number of Years Down: 5 years
Disclosure: No Position

Other best rated EM stock funds:


Post a Comment