U.S. MICRO CAP PORTFOLIO
Actively managed U.S. stock fund
As of its 2026 Q2 report, U.S. MICRO CAP PORTFOLIO held 1,747 positions with $7.47B in net assets. Its ten largest holdings made up 19.1% of the fund. The DFSCX share class costs 0.41% a year. Over the 12 months to May 2026, DFSCX returned 36.2%, with dividends reinvested. In 2026 Q3 it added 116 new positions and exited 101.
The investment objective of the U.S. Micro Cap Portfolio (the Portfolio) is to achieve long-term capital appreciation.
The fund invests in a broad portfolio of U.S. micro cap companies—those in the lowest 5% of market capitalization or smaller than the 1,500th largest U.S. company—weighted by market cap but tilted toward smaller companies, lower-priced stocks, and higher-profitability names. The manager adjusts positions based on shorter-term factors including price momentum and recent asset changes, and uses flexible trading to manage costs. Because the fund emphasizes certain stocks within the micro cap universe rather than holding all constituents proportionally, its composition will diverge from a simple market-cap-weighted micro cap index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Dimensional Holdings Inc. | 7.14% | $533.42M | — | — |
The DFA Investment Trust Company | 6.92% | $516.94M | 44.7M | $11.56 |
AGXArgan Inc | 1.08% | $80.85M | 120.7K | $669.98 |
GVMXXState Street Global Advisors | 0.83% | $61.93M | — | — |
0.72% | $53.68M | 339.3K | $158.22 | |
PLXSPlexus Corp | 0.59% | $43.88M | 175.1K | $250.58 |
0.56% | $41.51M | 149.7K | $277.27 | |
0.43% | $32.32M | 1.3M | $24.28 | |
0.41% | $30.76M | 181.6K | $169.41 | |
CVSACovista Inc | 0.41% | $30.50M | 264.8K | $115.22 |
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 1,747 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 | 105.94% |
| Cash & short-term | 7.98% |
| Derivatives | 0.03% |
These positions come to 113.94% 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
- Financials
- 19.9%
- Industrials
- 14.5%
- Consumer Discretionary
- 11.4%
- Health Care
- 10.9%
- 11 other sectors
- 43.3%
- Financials
- 19.9%
- Industrials
- 14.5%
- Consumer Discretionary
- 11.4%
- Health Care
- 10.9%
- Information Technology
- 10.1%
- Cash
- 7.1%
- Other
- 6.3%
- Energy
- 4.5%
- Materials
- 4.2%
- Consumer Staples
- 3.0%
- Communication Services
- 2.8%
- International
- 2.6%
- Utilities
- 2.0%
- Real Estate
- 0.8%
- Government
- 0.1%
How it has done
DFSCX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.84%. 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.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
U.S. MICRO CAP PORTFOLIO is an actively managed U.S. equity fund. 20% of DFSCX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.41% – 0.41%· DFSCX 0.41%
- Portfolio turnover
- 7.00% 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.
Understand how this fund fits with the rest.
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