Dimensional High Yield Fund (DHF)

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The chart shows the growth of an initial investment of $10,000 in Dimensional High Yield Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Dimensional High Yield Fund (DHF) has returned -0.19% so far this year and 4.04% over the past 12 months. Over the last ten years, DHF has returned 6.48% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Apr 27, 1998, DHF's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, your investment would double in approximately 14.1 years.

Historically, 54% of months were positive and 46% were negative. The best month was Jan 2001 with a return of +23.5%, while the worst month was Jun 2002 at -23.0%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 11 months.

On a daily basis, DHF closed higher 45% of trading days. The best single day was Oct 13, 2008 with a return of +19.7%, while the worst single day was Mar 18, 2020 at -17.1%.

Dimensional High Yield Fund has an annualized alpha of 1.13%, beta of 0.48, and R² of 0.20 versus S&P 500 Index. Calculated based on daily prices since April 28, 1998.

• This fund participated in 81.86% of S&P 500 Index downside but only 65.09% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.48 may look defensive, but with R² of 0.20 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.20 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

DHF has an expense ratio of 0.04%, which is considered low.

DHF ranks 12 for risk / return — in the bottom 12% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Dimensional High Yield Fund (DHF) and compare them to a chosen benchmark (S&P 500 Index).

Dimensional High Yield Fund provided a 8.61% dividend yield over the last twelve months, with an annual payout of $0.21 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Dimensional High Yield Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Dimensional High Yield Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Dimensional High Yield Fund was 71.32%, occurring on Nov 21, 2008. Recovery took 472 trading sessions.

The current Dimensional High Yield Fund drawdown is 4.35%.

The chart below shows the rolling one-month volatility.