DFA REAL ESTATE SECURITIES PORTFOLIO
Actively managed U.S. stock fund
As of its 2026 Q2 report, DFA REAL ESTATE SECURITIES PORTFOLIO held 133 positions with $6.95B in net assets. Its ten largest holdings made up 50.3% of the fund. The DFREX share class costs 0.18% a year. Over the 12 months to May 2026, DFREX returned 12.7%, with dividends reinvested. In 2026 Q3 it added 1 new positions and exited 7.
The investment objective of the DFA Real Estate Securities Portfolio (the Portfolio) is to achieve long-term capital appreciation.
The fund uses a market-capitalization-weighted approach to invest in equity securities of real estate companies, including REITs, residential construction firms, and commercial property developers, adjusting positions based on factors such as relative price, profitability, liquidity, and momentum. The fund concentrates more than 25% of its net assets in real estate securities and may exclude or adjust the weight of eligible companies after considering these factors, so its composition may diverge from a simple market-cap-weighted index of the real estate sector.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
WELLWelltower Inc | 7.49% | $520.76M | 2.4M | $217.34 |
PLDPrologis Inc | 6.97% | $484.78M | 3.4M | $142.02 |
EQIXEquinix Inc | 5.41% | $375.68M | 346.9K | $1,082.83 |
4.64% | $322.85M | 1.6M | $203.71 | |
Dimensional Holdings Inc. | 4.60% | $319.51M | — | — |
4.43% | $307.70M | 1.7M | $182.71 | |
4.42% | $307.26M | 4.8M | $64.24 | |
4.40% | $306.16M | 1.5M | $200.94 | |
The DFA Investment Trust Company | 4.20% | $291.97M | 25.2M | $11.57 |
3.69% | $256.84M | 849.2K | $302.45 |
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.
All 133 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%.
| Stocks | 103.12% |
| Cash & short-term | 5.61% |
| Derivatives | 0.06% |
These positions come to 108.78% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Derivatives are shown at market value, not notional exposure.
By sector
- Real Estate
- 92.1%
- Cash
- 5.3%
- Other
- 2.6%
How it has done
DFREX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.70%. 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 REAL ESTATE SECURITIES PORTFOLIO is an actively managed U.S. equity fund. 32% of DFREX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.18% – 0.18%· DFREX 0.18%
- Portfolio turnover
- 6.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
1 new
7 exited
Understand how this fund fits with the rest.
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