DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO
DFA INVESTMENT DIMENSIONS GROUP INC · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO is an actively managed developed international bond fund.
- Asset class
- Bonds
- Region
- Developed international
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2026 Q1
The investment objective of the DFA Two-Year Global Fixed Income Portfolio (the Two-Year Global Portfolio or the Portfolio) is to maximize total returns consistent with preservation of capital. Total return is comprised of income and capital appreciation.
The fund invests in investment-grade debt securities maturing within three years from developed-market governments, corporations, and supranational organizations, selecting country and currency exposures based on relative interest rates and exchange rates. The fund maintains a weighted average effective maturity not exceeding two years and invests at least 80% of assets in securities maturing within two years. Because the fund's selection depends on manager evaluation of interest rate and currency factors rather than a fixed index, its composition and returns will diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| DFGFX | 0.16% |
Portfolio turnover 78.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 79.02% |
| Cash & short-term | 19.94% |
| Stocks | 0.02% |
| Derivatives | -0.58% |
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.
Latest quarter
What changed since the fund's previous filing
Largest new: United States Treasury ×2, EUROPEAN UNION, AMAZON.COM INC, Nestle Finance International Ltd, EFSF, Erste Abwicklungsanstalt, ONTARIO (PROVINCE OF)
Largest exited: United States Treasury ×3, EUROPEAN INVESTMENT BANK, CAISSE DES DEPOTS ET CON, DNB BANK ASA ×2, BNG BANK NV
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
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 | 56.5% |
| Floating rate | 40.4% |
| Zero-coupon or unclassified | 3.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 18.6% |
| 1-3y | 81.1% |
| 3-5y | 0.2% |
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
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
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.
| Credit spreads | 55% |
| Interest rates | 45% |
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 | +0.98 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 | 0.05 yr | 6% |
| 1 yr | 0.59 yr | 75% |
| 5 yr | 0.15 yr | 19% |
| 30 yr | 0.00 yr | 0% |
10 yr is NEGATIVE (-0.00 yr) — a deliberate hedge at that point on the curve, so it is not part of the band above.
| 3 mo | 0.03 yr | 3% |
| 1 yr | 0.75 yr | 77% |
| 5 yr | 0.19 yr | 20% |
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 | +0.05 | +0.03 | +0.00 | $13.0k | $464 |
| 1 yr | +0.59 | +0.75 | +0.00 | $352.7k | $0 |
| 5 yr | +0.15 | +0.19 | +0.00 | $91.1k | $0 |
| 10 yr | -0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $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 0.78 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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | New Zealand Government Bonds0.25% · due 2028-05-15 | 3.06% | $143.34M | — |
| — | BANK OF MONTREAL3.19% · due 2028-03-01 | 2.89% | $135.19M | — |
| — | United States Treasury3.88% · due 2027-10-15 | 1.92% | $90.00M | — |
| — | INTER-AMERICAN DEVEL BK4.00% floating · due 2027-10-04 | 1.87% | $87.68M | — |
| — | NZ LOCAL GOVT FUND AGENC2.25% · due 2028-05-15 | 1.66% | $77.69M | — |
| — | PROVINCE OF QUEBEC2.75% · due 2027-09-01 | 1.64% | $76.61M | — |
| — | EUROPEAN UNION2.88% · due 2027-12-06 | 1.53% | $71.48M | — |
| — | United States Treasury3.72% floating · due 2028-01-31 | 1.37% | $64.25M | — |
| — | AMAZON.COM INC4.24% floating · due 2029-03-13 | 1.29% | $60.55M | — |
| — | INTL BK RECON & DEVELOP3.94% floating · due 2027-02-23 | 1.28% | $60.07M | — |
Top 10 positions are 18.53% of net assets, top 25 36.03%, across 119 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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