Dimensional will reduce management fees across 33 equity mutual funds, representing a 15% reduction on an asset-weighted basis1 for the impacted funds. For a full list of the changes, please refer to the table below. The fee reduction will go into effect February 28, 2021.
“For nearly forty years, Dimensional has refined, enhanced and advanced its investment solutions, systems and processes and sought to pass those efficiencies and benefits back to clients,” said Gerard O’Reilly, Co-Chief Executive Officer and Chief Investment Officer. “With the further enhancement of our Mutual Fund offering, expansion of our separately managed accounts program, and impending launch of our ETFs, we plan to continue to deliver a consistent philosophy, experience and result within an expanding solution set.”
Dimensional has a track record of regularly reviewing and reducing fees for the benefit of clients and investors, which has led to many reductions throughout the firm’s history.
“We want to empower financial professionals so they can make the best decision for those they serve,” said Dave Butler, Co-Chief Executive Officer. “The evolution and growth of our investment offering, priced by strategy rather than product wrapper, keeps the focus where it should be—on the investment engine and giving financial professionals more flexibility and choice.”
Exhibit A
Dimensional US Mutual Funds Management Fees
*Effective February 28, 2021, the total management fee limit in the Portfolio’s permanent fee waiver will be reduced to correspond to the reduction of the Portfolio’s investment management fee.
Footnotes
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1Assets used to calculate the asset-weighted average reductions were based on Fund Fiscal 2020 YTD average assets through 9/30/2020.
Source: Dimensional.com, Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission.
