Dimensional Reduces Management Fees
Dimensional is pleased to announce a reduction in management fees for 14 of the Dimensional Wholesale Trusts, effective 2 March 2020. The reduction in management fees applies to more than half of the assets invested in the Dimensional Wholesale Trusts.
Australian CEO Glenn Crane said, “We evaluate the management fees for our trusts on a regular basis and when appropriate, we make adjustments.”
The fee reductions apply across many of Dimensional’s most widely held Trusts, including the Core Equity, World Allocation, Sustainability and Large Company Trusts.
As a systematic active manager, Dimensional is among the most competitively priced managers in the Australian market and even prior to these latest changes was ranked by third party researchers as in the bottom quartile for fees across most fund categories it offers.
“We expect to do better than benchmarks and peers, after fees, so we fight for every basis point,” noted Gerard O’Reilly, Global Co-CEO and CIO of Dimensional. “We continue to gain insights from research and innovate across all aspects of our process.”
The following reduction in management fees will be effective on 2 March 2020:
Investors should consider the current Product Disclosure Statement (PDS) in deciding whether to invest in a trust, or to continue to hold their investments in a trust. PDSs for the Dimensional Wholesale Trusts, under which offers to invest in these trusts are made, is available from the issuer of the PDSs, DFA Australia Limited (ABN 46 065 937 671, Australian financial services license no. 238093) or by download from our website at www.dimensional.com.au.
This material has been provided by DFA Australia Limited (AFS License No. 238093, ABN 46 065 937 671). This material above is provided for information only. No account has been taken of the objectives, financial situation or needs of any particular person. Accordingly, to the extent this material constitutes general financial product advice, investors should, before acting on the advice, consider the appropriateness of the advice, having regard to the investor’s objectives, financial situation and needs. Any opinions expressed in this publication reflect our judgment at the date of publication and are subject to change.