Dimensional Fund Advisors (abbreviated as Dimensional) is an investment firm headquartered in Austin, Texas, United States, and has affiliates with offices in the US, Canada, UK, Germany, Netherlands, Australia, Singapore, and Japan. The company was founded in 1981 by David G. Booth and Rex Sinquefield, both graduates of the University of Chicago's School of Business (now known as the Booth School of Business). The company offers over 100 equity and fixed income mutual funds.
Dimensional has $577.0 billion in assets under management as of December 31, 2017. Institutional investors can access Dimensional funds directly or through their consultant. Individual investors can access Dimensional funds through financial professionals, or through their retirement plans (both 401k and defined benefit), or certain 529 college savings plans. The company is owned by its employees, board members and outside investors, which as of 2005 was reported to include Governor Arnold Schwarzenegger of California.
On November 6, 2008, the University of Chicago Graduate School of Business announced a $300 million gift from David Booth in the form of cash and the income stream from Dimensional stock. The school was renamed the University of Chicago Booth School of Business.
On December 2, 2009, Dimensional announced the acquisition of SmartNest, a retirement planning computer software company. The technology offered by SmartNest was developed by Robert C. Merton, who left the company's board after the purchase to become Resident Scientist.
The firm sells through financial advisors, as their products are unavailable to the general consumer who may not be aware of the company's principles. Some advisors charge less than 1% (some include planning and asset management).
Video Dimensional Fund Advisors
Investments
According to the companies SEC 13F-HR filing in August 2017, the companies investments included:
- 3D Systems
- AAON
- Abercrombie & Fitch
- Abbott Laboratories
- AbbVie
- Accenture
- Acadia Healthcare
- Achillion Pharmaceuticals
- Acuity Brands
- Activision Blizzard
- AMD
- AECOM
- Alamo Group
- Allergan
- Amazon
- Nexstar Media Group
- News Corp
- Moody's Corporation
- Morgan Stanley
- Morningstar
- Mastercard
- Mattel
- Bristol-Myers Squibb
- Brookfield Asset Management
- Brookdale Senior Living
- ITT
- Johnson & Johnson
- JetBlue
- JP Morgan Chase
- Juno Therapeutics
- International Speedway Corporation
- Intuit
- j2 Global
- Zoetis
Maps Dimensional Fund Advisors
References
External links
- Official site
- Morningstar profile
- Fama/French Forum
- Businessweek.com
- David Booth Interviews
Source of article : Wikipedia
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