Strategies /
Australian Core Equity Trust
| Inception Date | APIR Code |
| July 3, 2006 | DFA0003AU |
The objective of the Australian Core Equity Trust is to provide long-term capital growth by gaining exposure to a diversified portfolio of securities listed in Australia, with increased exposure to small companies and value companies relative to a market-weighted portfolio. The Trust is designed to form the core of an Australian equity portfolio.
Eligible securities for the strategy include securities of companies and Real Estate Investment Trusts (REITs) and REIT-like entities listed in Australia. The Trust aims to invest across the entire eligible universe and targets an increased exposure to small companies and value companies by increasing the allocation to these companies and decreasing the allocation to large and growth companies relative to a market-weighted portfolio.
By spreading the investment gradually across the entire market, the Trust can hold stocks for maximum efficiency and minimise counterproductive trading. The result is a market-wide exposure that favours the asset classes that historically have provided higher expected returns.
By not adopting an index approach, Dimensional can practise patient trading, focusing on price rather than time of execution, which can mitigate the effects of momentum and lead to lower trading costs.
The result is a core holding closer to the desired allocation, which can lessen the dependence on satellite holdings to drive expected returns.
Eligible securities for the strategy include securities of companies and Real Estate Investment Trusts (REITs) and REIT-like entities listed in Australia. The Trust aims to invest across the entire eligible universe and targets an increased exposure to small companies and value companies by increasing the allocation to these companies and decreasing the allocation to large and growth companies relative to a market-weighted portfolio.
By spreading the investment gradually across the entire market, the Trust can hold stocks for maximum efficiency and minimise counterproductive trading. The result is a market-wide exposure that favours the asset classes that historically have provided higher expected returns.
By not adopting an index approach, Dimensional can practise patient trading, focusing on price rather than time of execution, which can mitigate the effects of momentum and lead to lower trading costs.
The result is a core holding closer to the desired allocation, which can lessen the dependence on satellite holdings to drive expected returns.
Prices
| Updated Daily | ||||
|---|---|---|---|---|
| Date | Closing Price | NAV Change $ | NAV Change % | |
| May 17, 2012 | $8.64 | $-0.01 | -0.12% | |
Performance
| Updated Daily | ||||
|---|---|---|---|---|
| Total Returns | Year-to-Date | |||
| May 17, 2012 | 4.17% | |||
| Updated Monthly | ||||
|---|---|---|---|---|
| Total Returns | One Month | Three Month | Year-to-Date | |
| April 30, 2012 | 0.44% | 5.37% | 11.29% | |
| Updated Monthly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| April 30, 2012 | -5.25% | -2.73% | -- | 1.90% |
| Updated Quarterly | ||||
|---|---|---|---|---|
| Average Annual Total Returns | One Year | Five Years | Ten Years | Since Inception |
| As of March 31, 2012 | -6.58% | -2.05% | -- | 1.85% |
Distributions
| Last 12 Months | |||||
|---|---|---|---|---|---|
| Type | Amount per Share | Record Date | Ex-dividend Date | Payable Date | Ex-dividend Price |
| Dividend | $0.2079 AUD | 12/31/2011 | 01/03/2012 | 01/03/2012 | $8.38 AUD |
| Dividend | $0.1689 AUD | 06/30/2011 | 07/01/2011 | 07/01/2011 | $9.47 AUD |
Sector Allocations
| As of April 30, 2012 | % of portfolio |
|---|---|
| Financials | 30.9 |
| Materials | 19.8 |
| Industrials | 11.3 |
| Energy | 10.3 |
| Consumer Discretionary | 7.8 |
| REITs | 6.8 |
| Consumer Staples | 5.7 |
| Health Care | 2.8 |
| Utilities | 1.9 |
| Telecommunication Services | 1.7 |
| Information Technology | 0.8 |
| Other | 0.1 |
| Total | 100.0 |
| Sectors defined by MSCI | |
Trust Net Asset Value Prices are cum-distribution.
Performance data reported by DFA Australia Limited represents past performance and is not indicative of future performance. The investment return and principal value will fluctuate so that an investor's units, when redeemed, may be worth more or less than their original cost. Further, there can be no assurance that any of the Trusts will achieve its investment objective.
Performance data reported by DFA Australia Limited represents past performance and is not indicative of future performance. The investment return and principal value will fluctuate so that an investor's units, when redeemed, may be worth more or less than their original cost. Further, there can be no assurance that any of the Trusts will achieve its investment objective.