DFA Investment Grade Portfolio
Actively managed U.S. bond fund
As of its 2026 Q2 report, DFA Investment Grade Portfolio held 929 positions with $12.71B in net assets. Its ten largest holdings made up 17.1% of the fund. The fund costs 0.19% a year. Over the 12 months to May 2026, it returned 5.3%, with dividends reinvested. In 2026 Q3 it added 22 new positions and exited 50.
The investment objective of the DFA Investment Grade Portfolio (the Investment Grade Portfolio or the Portfolio) is to seek to maximize total returns from the universe of eligible investments. Total return is comprised of income and capital appreciation.
The fund invests in a broad portfolio of investment-grade corporate and government debt securities rated AAA to BBB- (or equivalent), with a weighted average duration targeted within one year below to one quarter year above the Bloomberg U.S. Aggregate Bond Index. The manager actively adjusts exposure to intermediate-term and lower-rated investment-grade securities based on expected term and credit premiums. Because security selection depends on the manager's assessment of expected premiums rather than a fixed index methodology, the fund's composition and returns may diverge from its duration benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NEW ZEALAND GOVERNMENT 4.50% · due 2030-05-15 | 2.91% | $369.98M | — | — |
The DFA Investment Trust Company | 2.42% | $307.68M | 26.6M | $11.56 |
Dimensional Holdings Inc. | 2.41% | $306.38M | — | — |
United States Treasury 3.80% floating · due 2026-07-31 | 1.53% | $195.08M | — | — |
FANNIE MAE 0.88% · due 2030-08-05 | 1.45% | $183.77M | — | — |
United States Treasury 3.72% floating · due 2027-01-31 | 1.40% | $178.05M | — | — |
United States Treasury 3.78% floating · due 2027-04-30 | 1.37% | $174.19M | — | — |
United States Treasury 3.78% floating · due 2027-07-31 | 1.34% | $170.16M | — | — |
United States Treasury 3.83% floating · due 2026-10-31 | 1.34% | $170.13M | — | — |
United States Treasury 1.13% · due 2040-08-15 | 0.95% | $120.79M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 929 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 96.71% |
| Stocks | 2.42% |
| Cash & short-term | 2.41% |
| Derivatives | -0.17% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Government
- 52.3%
- Other
- 10.1%
- Financials
- 7.6%
- International
- 7.2%
- 11 other sectors
- 22.7%
- Government
- 52.3%
- Other
- 10.1%
- Financials
- 7.6%
- International
- 7.2%
- Health Care
- 4.6%
- Cash
- 4.2%
- Information Technology
- 2.8%
- Communication Services
- 2.2%
- Utilities
- 2.0%
- Consumer Staples
- 1.9%
- Energy
- 1.2%
- Consumer Discretionary
- 1.1%
- Real Estate
- 1.1%
- Industrials
- 1.0%
- Materials
- 0.7%
How it has done
C000097895 share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.37%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
DFA Investment Grade Portfolio is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.19%
- Portfolio turnover
- 25.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
22 new· the largest 1
50 exited· the largest 6
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 85.1% |
| Floating rate | 14.7% |
| Zero-coupon or unclassified | 0.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 8.8% |
| 1-3y | 8.9% |
| 3-5y | 24.9% |
| 5-10y | 22.5% |
| 10y+ | 34.8% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying about half as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 64% |
| Credit spreads | 36% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +3.42 yr |
| High yield | +0.00 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.33 yr | 5% |
| 5 yr | 1.79 yr | 30% |
| 10 yr | 3.07 yr | 51% |
| 30 yr | 0.84 yr | 14% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.31 yr | 9% |
| 5 yr | 1.09 yr | 32% |
| 10 yr | 1.65 yr | 48% |
| 30 yr | 0.36 yr | 10% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.01 | +0.00 | $14.5k | $16 |
| 1 yr | +0.33 | +0.31 | +0.00 | $391.4k | $239 |
| 5 yr | +1.79 | +1.09 | +0.00 | $1.39m | $616 |
| 10 yr | +3.07 | +1.65 | +0.00 | $2.10m | $0 |
| 30 yr | +0.84 | +0.36 | +0.00 | $454.5k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 6.05 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
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