DFA Real Estate Securities Portfolio
DFREX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 6300 Bee Cave Road, Building One Austin TX United States of America 78746
- IPO Date
- Jan 5, 1993
- CIK
- 0000355437
- Website
- dimensional.com
- Similar Companies
- Business
- DFA Real Estate Securities Portfolio (DFREX) is an open-end mutual fund managed by Dimensional Fund Advisors LP that seeks long-term capital appreciation by principally investing in equity securities of companies in certain real estate investment trusts (REITs) and companies engaged in residential construction and development; the portfolio emphasizes securities of smaller capitalization issuers and those with higher book-to-market ratios relative to the broader real estate securities market, with approximately 98% allocated to U.S. stocks, 1.9% to cash, and minimal exposure to non-U.S. stocks as of mid-2025. Launched on January 5, 1993, and domiciled in the United States, the fund maintains total assets of approximately $6.9 billion across 137 holdings, featuring a low portfolio turnover of 4% and a diversified portfolio focused on North American real estate markets. Dimensional Fund Advisors LP, the fund's investment advisor founded in 1981 and headquartered in Austin, Texas, applies a systematic investment process informed by academic research to tilt toward small-cap value characteristics within the real estate sector. The portfolio offers institutional class shares under the ticker DFREX and targets investors seeking exposure to the Morningstar Real Estate category through a blend style with mid-cap market capitalization focus. It provides access to REITs across various subsectors, including residential, commercial, and specialized real estate-related equities, while excluding lower-profitability securities to enhance expected returns. Geographically, operations center on U.S. markets with negligible international holdings, aligning with Dimensional's broader offerings of equity mutual funds, ETFs, and separately managed accounts distributed globally through 15 offices in North America, Europe, Asia, and Australia. In recent developments, Dimensional Fund Advisors received U.S. Securities and Exchange Commission approval in November 2025 to launch ETF share classes for 13 mutual funds, including potential expansion to portfolios like DFREX, representing over $190 billion in assets and marking a structural shift toward dual-share-class vehicles. The firm renewed its transfer agency agreement with SS&C Technologies in March 2025 for U.K. open-ended investment company funds managing GBP 8.7 billion, extending a decade-long partnership following a 2023 U.S. renewal. Additional strategic updates include implementation of reversal screens in equity strategies since January 2024 and enhanced value tilts in targeted funds approved in September 2025, reflecting ongoing refinements to the investment process applicable across Dimensional's real estate and equity offerings.