DFA Investment announces plans to launch DFA Targeted Credit Portfolio

By Toni Weeks

San Luis Obispo, Calif., March 5 – DFA Investment Dimensions Group Inc. announced in an N-1A filing with the Securities and Exchange Commission its plans to offer a new fund, the DFA Targeted Credit Portfolio.

The fund will seek to maximize total returns consisting of income and capital appreciation by investing in a universe of U.S. and foreign corporate debt securities that mature within five years. The portfolio invests in such securities rated in the lower half of the investment-grade spectrum. It may also invest in higher-rated and/or lower-rated corporate debt securities as well as, among others, obligations issued or guaranteed by U.S. and foreign governments, their agencies and instrumentalities; bank obligations; commercial paper; and repurchase agreements.

David A. Plecha and Joseph F. Kolerich will be the portfolio managers.

The fund will offer institutional class shares. The ticker symbol has not yet been set.

There will be no sales load. Including a management fee of 0.19% and the effects of a fee waiver with the investment adviser, total annual fund operating expenses are expected to be 0.2%.

Austin, Texas-based Dimensional Fund Advisors LP will be the investment adviser.

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