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DFA Cuts Management Fees on 77 Funds

https://www.thinkadvisor.com/2019/12/26/dfa-cuts-management-fees-on-77-funds/?slreturn=20191127065405

DFA Cuts Management Fees on 77 Funds
The cuts, ranging from 1 to 8 basis points, take effect Feb. 28.

Comments

  • Anyone own DFA Funds without the requirement of intermediary (Advisor)?

  • I own the EM Core fund via 401k.

    You can get exposure via the following ETFs from John Hancock.

    TICKER FUND NAME MANAGED BY MORNINGSTAR CATEGORY USE FOR
    JHMC Multifactor Consumer Discretionary ETF Dimensional Fund Advisors Consumer Cyclical Targeted equity exposure
    JHMS Multifactor Consumer Staples ETF Dimensional Fund Advisors Consumer Defensive Targeted equity exposure
    JHMD Multifactor Developed International ETF Dimensional Fund Advisors Foreign Large Blend Core international holding
    JHEM Multifactor Emerging Markets ETF Dimensional Fund Advisors Diversified Emerging Markets Core international holding
    JHME Multifactor Energy ETF Dimensional Fund Advisors Equity Energy Targeted equity exposure
    JHMF Multifactor Financials ETF Dimensional Fund Advisors Financial Targeted equity exposure
    JHMH Multifactor Healthcare ETF Dimensional Fund Advisors Health Targeted equity exposure
    JHMI Multifactor Industrials ETF Dimensional Fund Advisors Industrials Targeted equity exposure
    JHML Multifactor Large Cap ETF Dimensional Fund Advisors Large Blend Core equity holding
    JHMA Multifactor Materials ETF Dimensional Fund Advisors Natural Resources Targeted equity exposure
    JHCS Multifactor Media and Communications ETF Dimensional Fund Advisors Communications Targeted equity exposure
    JHMM Multifactor Mid Cap ETF Dimensional Fund Advisors Mid-Cap Blend Core equity holding
    JHSC Multifactor Small Cap ETF Dimensional Fund Advisors Small Blend Core equity holding
    JHMT Multifactor Technology ETF Dimensional Fund Advisors Technology Targeted equity exposure
    JHMU Multifactor Utilities ETF Dimensional Fund Advisors Utilities Targeted equity exposure
  • Yes.

    Two relatively easy ways to gain access to DFA funds are through HSA accounts, e.g. HSA Bank, and noload VAs, e.g. Ameritas.

    These types of investments generally have overheads, e.g. M&E fees for annuities. But if you're going to own them anyway, the DFA funds they offer can be good, inexpensive options.

    That said, for HSAs I'd be inclined to stick with Fidelity, or possibly Lively, rather than an HSA that charged any maintenance/investment fee. Even though the no fee HSAs don't provide access to DFA.
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