U.S. Targeted Value Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, U.S. Targeted Value Portfolio held 1,190 positions with $15.83B in net assets. Its ten largest holdings made up 15.8% of the fund. The DFFVX share class costs 0.29% a year. Over the 12 months to May 2026, DFFVX returned 32.7%, with dividends reinvested. In 2026 Q3 it added 74 new positions and exited 123.
The investment objective of the U.S. Targeted Value Portfolio (the Portfolio) is to achieve long-term capital appreciation.
The fund invests in small and mid-cap U.S. companies selected for low relative price (measured primarily by price-to-book ratio) and high profitability (earnings relative to book value or assets), using market-capitalization weighting within those screens. The manager may adjust 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—smaller companies, lower-priced stocks, and higher-profitability stocks—relative to their weight in the small and mid-cap value segment, its holdings and returns may diverge from that segment.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Dimensional Holdings Inc. | 4.85% | $768.15M | — | — |
The DFA Investment Trust Company | 4.51% | $714.13M | 61.7M | $11.57 |
GVMXXState Street Global Advisors | 1.07% | $169.16M | — | — |
0.89% | $140.21M | 6.5M | $21.62 | |
0.83% | $132.10M | 378.4K | $349.12 | |
0.79% | $124.43M | 1.8M | $69.75 | |
0.78% | $123.16M | 991.6K | $124.20 | |
0.72% | $113.46M | 497.2K | $228.18 | |
OVVOvintiv Inc | 0.71% | $112.13M | 1.8M | $61.55 |
VTRSViatris Inc | 0.71% | $111.76M | 7.5M | $14.94 |
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 1,190 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 | 103.35% |
| Cash & short-term | 5.92% |
| Derivatives | 0.04% |
These positions come to 109.32% 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
- 25.8%
- Industrials
- 15.0%
- Consumer Discretionary
- 11.7%
- Energy
- 8.5%
- 11 other sectors
- 39.0%
- Financials
- 25.8%
- Industrials
- 15.0%
- Consumer Discretionary
- 11.7%
- Energy
- 8.5%
- Health Care
- 6.0%
- Consumer Staples
- 5.7%
- Materials
- 5.5%
- Information Technology
- 5.4%
- Cash
- 5.4%
- Other
- 4.3%
- International
- 3.8%
- Communication Services
- 1.9%
- Real Estate
- 0.6%
- Utilities
- 0.4%
- Government
- 0.1%
How it has done
DFFVX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.20%. 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
U.S. Targeted Value Portfolio is an actively managed U.S. equity fund. 11% of DFFVX’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
- 0.29% – 0.29%· DFFVX 0.29%
- Portfolio turnover
- 10.00% 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.
74 new· the largest 8
123 exited· the largest 8
Understand how this fund fits with the rest.
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