DFA One-Year Fixed-Income IDFIHX

Morningstar Rating

Fund Research and Analysis

by Arijit Dutta

DFA One-Year Fixed-Income remains up to the task.

Manager David Plecha follows a version of passive bond indexing that his firm calls a "shifting maturity" strategy. Essentially, the idea is to take the best risk-adjusted yield the market is currently Read more

Kudos

Very low expenses.

Low volatility. Read more

Risks

Steep minimum initial investment. Read more

Strategy

Bond funds don't get much more plain-vanilla than this. This ultrashort fund limits its average weighted maturity to one year or less, and its managers are prohibited from purchasing securities with Read more

Management

An investment committee crafted this fund's portfolio, and a management team oversees implementation. David Plecha, who fits into the latter group, has been at the helm for more than a decade. Read more

Inside Scoop

By keeping an average weighted maturity of one year or less and shunning low-rated debt, this fund has produced solid results with little volatility. Its success is partly Read more

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