Fund Evaluator:

DFA World Core Equity Institutional Overview

DFA World Core Equity Institutional (DREIX) is an actively managed International Equity Global Large-Stock Blend fund. Dimensional Fund Advisors launched the fund in 2012.

The investment seeks to achieve long-term capital appreciation. The Portfolio generally allocates its assets among other mutual funds managed by the Advisor although it also has the ability to invest directly in securities. It typically allocates its investments among the underlying funds in the following manner: 35% to 80% in the U.S. Core Equity 1 Portfolio; 15% to 55% in the International Core Equity Portfolio; and 5% to 20% in the Emerging Markets Core Equity Portfolio.

About DFA World Core Equity Institutional (DREIX)

There are 4 members of the management team with an average tenure of 10.51 years: Jed Fogdall (2012), Allen Pu (2015), Mary Phillips (2017), Ashish Bhagwanjee (2020). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI IMI NR USD index with a weighting of 100%. DFA World Core Equity Institutional has 4 securities in its portfolio. The top 10 holdings constitute 100.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

DFA World Core Equity Institutional is part of the Equity global asset class and is within the International Equity fund group. DFA World Core Equity Institutional has 36.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 59.5%. There is 36.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). DFA World Core Equity Institutional has 4.1% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is above the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

DREIX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The DFA World Core Equity Institutional expense ratio is below average compared to funds in the Global Large-Stock Blend category. DFA World Core Equity Institutional has an expense ratio of 0.27%, which is 74% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. DFA World Core Equity Institutional has a portfolio turnover rate of 8%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.

Recently, in the month of August 2026, DFA World Core Equity Institutional returned 2.6%, which earned it a grade of B, as the Global Large-Stock Blend category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

DFA World Core Equity Institutional has a trailing yield of 1.52%, which is above the 0.93% category average. The fund normally distributes its income quarterly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

DFA World Core Equity Institutional Grades

Year to date, the fund has returned 15.3%, 3.5 percentage points better than the category, which translates into a grade of A. The fund has returned 22.7% over the past year (grade of B), 19.9% over the past three years (grade of B) and 11.2% per year over the past five years (grade of A) and 12.4% per year over the past 10 years (grade of B).

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