- CUSIP
- 25065A502
- Inception Date
- Mar 16, 2012
- Category
- Diversified Portfolio
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
DMA Performance Chart
Dimensional Managed Account Fund (DMA) is down 10.3% since the beginning of the year. DMA is currently trading at $7 per share.
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Returns By Period
Dimensional Managed Account Fund (DMA) has returned -10.31% so far this year and -0.68% over the past 12 months.
Dimensional Managed Account Fund
- 1D
- -0.34%
- 1M
- 5.74%
- YTD
- -10.31%
- 6M
- -11.10%
- 1Y
- -0.68%
- 3Y*
- 22.36%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DMA Monthly Returns History
Based on dividend-adjusted daily data since Jan 13, 2022, DMA's average daily return is 0.00%, while the average monthly return is +0.08%. At this rate, an investment would double in approximately 72.2 years.
Historically, 56% of months were positive and 44% were negative. The best month was Aug 2023 with a return of +20.4%, while the worst month was Jan 2022 at -30.7%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, DMA closed higher 47% of trading days. The best single day was Jan 21, 2022 with a return of +15.0%, while the worst single day was Jan 13, 2022 at -25.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.14% | -3.66% | -3.49% | -6.23% | -2.33% | 4.13% | -10.31% | ||||||
| 2025 | 2.36% | 1.62% | -2.81% | -0.04% | 5.39% | 0.62% | 0.84% | 0.50% | 0.25% | 0.96% | 1.88% | 4.39% | 16.89% |
| 2024 | 17.66% | 7.78% | -1.01% | -8.06% | 4.59% | 7.31% | 3.97% | -0.24% | 3.58% | 0.23% | 2.99% | -1.81% | 41.06% |
| 2023 | -0.22% | 0.82% | -10.17% | -1.29% | -4.90% | -8.82% | -0.20% | 20.40% | -0.66% | 1.84% | -0.49% | 2.81% | -3.81% |
| 2022 | -30.67% | -4.51% | 14.46% | -5.63% | -2.42% | -14.58% | 4.35% | 6.05% | -12.17% | 0.54% | 6.44% | 0.72% | -37.55% |
Benchmark Metrics
Dimensional Managed Account Fund has an annualized alpha of -3.99%, beta of 0.44, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since January 13, 2022.
- This fund participated in 77.04% of S&P 500 Index downside but only 31.81% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.44 may look defensive, but with R2 of 0.08 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 0.08 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.
- Alpha
- -3.99%
- Beta
- 0.44
- R²
- 0.08
- Upside Capture
- 31.81%
- Downside Capture
- 77.04%
Expense Ratio
DMA has an expense ratio of 0.03%, which is considered low.
Return for Risk
Risk / Return Rank
DMA ranks 3 for risk / return — in the bottom 3% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Dimensional Managed Account Fund (DMA) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DMA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.37 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 2.78 | -2.82 |
| Martin ratioReturn relative to average drawdown | -0.11 | 12.44 | -12.54 |
Dividends
Dividend History
Dimensional Managed Account Fund provided a 16.49% dividend yield over the last twelve months, with an annual payout of $1.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.22 | $0.85 | $0.32 | $0.33 | $0.69 |
Dividend yield | 16.49% | 9.42% | 3.83% | 5.22% | 10.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Dimensional Managed Account Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.11 | $0.68 | ||||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.07 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.11 | $0.85 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2023 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 |
| 2022 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.69 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Dimensional Managed Account 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 Managed Account Fund was 53.24%, occurring on Jul 24, 2023. Recovery took 622 trading sessions.
The current Dimensional Managed Account Fund drawdown is 11.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -53.24%Jul 2023 | 1y 6mo | 2y 5mo | 4y 2dJan 2022 - Jan 2026 |
2026 correction2026 | -18.34%May 2026 | 3mo 29d | — | 5mo 4dJan 2026 - now |
2026 pullback2026 | -0.11%Jan 2026 | 0s | 1d | 1dJan 2026 - Jan 2026 |
Drawdown Indicators
| DMA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -56.78% | +3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -18.34% | -9.10% | -9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -18.90% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -11.91% | -1.80% | -10.11% |
Average DrawdownAverage peak-to-trough decline | -25.68% | -10.71% | -14.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 2.03% | +4.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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