Dimensional Reduces US Mutual Fund Management Fees


Dimensional is pleased to announce a reduction in management fees or expense caps for 77 US Mutual Funds effective February 28, 2020.

Across Dimensional US Funds, there will be an average management fee reduction of 8% on an asset-weighted basis1.  Many of Dimensional’s most widely held funds, including the flagship Core, Value and Fixed Income portfolios, will see management fee reductions. For a full list of the changes, please refer to the tables below. 

“We evaluate expense ratios and management fees for every fund on an ongoing basis and look to make adjustments where appropriate,” said Co-CEO Dave Butler. “We have made prior reductions to US Fund management fees or expense caps in 2015, 2017, and 2019.”

 “We expect to do better than benchmarks and peers, after fees, so we fight for every basis point,” noted Gerard O’Reilly, Co-CEO and CIO.  “We continue to gain insights from research and innovate across all aspects of our process.” 

exhibit a

Dimensional US Mutual Funds

Management Fees

exhibit b

Dimensional US Mutual Funds

Total Management Fee Limit
exhibit c

Dimensional US Mutual Funds

Expense Limitation Amount

Footnotes

  1.  1Management fee reductions compare the management fees in the 2/28/2019 prospectuses with the management fees effective 2/28/2020. Assets used to calculate the asset-weighted average reductions were based on average assets for the fiscal year ended 10/31/2019.

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Dimensional is a global investment manager with more than 40 years of experience going beyond indexing by providing diversified, low-cost solutions that also target higher expected returns. 

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