2023 Dimensional Investment Update with Gerard O'Reilly
Gerard O’Reilly and Mark Gochnour review key market events in 2023 and their impact on investors. They also discuss how Dimensional’s strategies performed during the year and look ahead at investment offerings and initiatives for 2024.
Disclosures
This information is provided for registered investment advisors and institutional investors and is not intended for public use. Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission.
Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (512) 306-7400 or at dimensional.com. Dimensional funds are distributed by DFA Securities LLC.
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There is no guarantee strategies will be successful. Diversification neither assures a profit nor guarantees against loss in a declining market.
ETFs trade like stocks, fluctuate in market value, and may trade either at a premium or discount to their net asset value. ETF shares trade at market price and are not individually redeemable with the issuing fund, other than in large share amounts called creation units. ETFs are subject to risks similar to those of stocks, including those regarding short-selling and margin account maintenance. Brokerage commissions and expenses will reduce returns.
Robert Novy-Marx provides consulting services to Dimensional Fund Advisors LP.
The Magnificent 7 stocks include Alphabet, Amazon, Apple, Meta Platforms, Microsoft, NVIDIA, and Tesla. Named securities may be held in accounts managed by Dimensional.
Q4 2023 Index Returns:
US (Russell 3000 Index): 12.07%
Developed ex US (MSCI World ex USA IMI Index (net div.)): 10.52%
Emerging Markets (MSCI Emerging Markets IMI Index (net div.)): 8.02%
Frank Russell Company is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. MSCI data © MSCI 2024, all rights reserved. Indices are not available for direct investment. Index performance does not reflect the expenses associated with the management of an actual portfolio.
As of November 30, 2023, QQQ had 49.26% of its weights in the top 10 holdings. As of December 31, 2023, the one-year NAV Return for QQQ was 54.76% and the one-year market price return was 54.85%.