DFA International Core Equity 2 Portfolio

Shareclass

DFA International Core Equity 2 I (DFIEX)

Type

Open-end mutual fund

Manager

Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 0.5% and below 1.5%. Assigned a grade of D.
How we track deforestation-risk investments

11.35%

INVESTED IN DEFORESTATION-RISK COMPANIES

AGRIBUSINESS

deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy

BANKS AND LENDERS

that finance deforestation-risk agribusiness producers via lending and underwriting

MAJOR CONSUMER BRANDS

that use deforestation-risk agribusiness commodities in products

125

holdings flagged

11%

of assets flagged

This fund contains

$3.59 BILLION invested

in holdings flagged for deforestation risk

Dimensional was the first large US investment firm to explicitly remove palm oil producers from its sustainability funds - so we know they are aware of the issues. But Dimensional still has huge exposure to companies like Hormel, Resolute Forest Products, Posco, and JBS, the major the Brazilian cattle trader. In order to take responsibility, Dimensional should immediately implement a robust forest policy across all its investment products. Tell Dimensional to adopt a No Deforestation Policy!

Sign the petition

Commodity producers

31 holdings

0.95% of assets

$302.26 MILLION invested

Banks and lenders

27 holdings

3.81% of assets

$1.21 BILLION invested

Major consumer brands

75 holdings

7% of assets

$2.22 BILLION invested

Commodity producers

31 HOLDINGS

Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.

31 HOLDINGS

% of portfolio
$ invested
1. International Paper Co
0.11%0.11% of portfolio
$36.11M$36.11M invested
2. Mitsubishi Corp
0.09%0.09% of portfolio
$29.64M$29.64M invested
3. Glencore PLC
0.09%0.09% of portfolio
$26.93M$26.93M invested
4. WH Group Ltd Shs Unitary 144A/Reg S
0.08%0.08% of portfolio
$24.47M$24.47M invested
5. UPM-Kymmene Oyj
0.07%0.07% of portfolio
$21.29M$21.29M invested

View next 5

Banks and lenders

27 HOLDINGS

Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

27 HOLDINGS

% of portfolio
$ invested
1. HSBC Holdings PLC ADR
0.43%0.43% of portfolio
$134.75M$134.75M invested
2. Banco Bilbao Vizcaya Argentaria SA
0.28%0.28% of portfolio
$88.67M$88.67M invested
3. Mitsubishi UFJ Financial Group Inc
0.27%0.27% of portfolio
$84.47M$84.47M invested
4. Deutsche Bank AG
0.23%0.23% of portfolio
$74.35M$74.35M invested
5. Sumitomo Mitsui Financial Group Inc
0.21%0.21% of portfolio
$67.31M$67.31M invested

View next 5

Major consumer brands

75 HOLDINGS

Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).

75 HOLDINGS

% of portfolio
$ invested
1. Shell PLC ADR (Representing - Ordinary Shares)
0.98%0.98% of portfolio
$310.82M$310.82M invested
2. Nestle SA
0.74%0.74% of portfolio
$235.49M$235.49M invested
3. Lvmh Moet Hennessy Louis Vuitton SE
0.48%0.48% of portfolio
$153.18M$153.18M invested
4. Basf SE
0.39%0.39% of portfolio
$123.92M$123.92M invested
5. Koninklijke Ahold Delhaize NV
0.22%0.22% of portfolio
$69.55M$69.55M invested

View next 5

View more info

DATA AS OF 31 Mar 2025

See the impact of your investments

Regular updates on sustainability risks and ethical concerns in everyday investment products

Sustainability report card

As You Sow’s Invest Your Values report card grades mutual funds on environmental and social issues, including climate change, gender equality, and weapon investments. Click through to get more details on each issue.

DFA International Core Equity 2 Portfolio DFIEX

Environment

Fossil fuels

Investments in coal, oil, and natural gas energy and utility companies, and related financial companies

Deforestation

Investments in deforestation-risk agricultural commodities, and related financial companies and consumer brands

Social

Gender equality

Gender equality group ranking, based on Equileap company data

Civilian firearms

Investments in civilian firearms manufacturers, and related gun retailers

Prison industrial complex

Investments in prisons and borders industry, including private prison operators

Military weapons

Investments in military arms manufacturers and services companies, including nuclear weapon manufacturers and servicers

Tobacco

Investments in tobacco and e-cigarette manufacturers, and tobacco-promoting entertainment companies

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Financial performance

Performance data provided by

Find more financial data on DFIEX at Morningstar.com

Current fund

DFIEX

DFA International Core Equity 2 Portfolio

Family

Dimensional Fund Advisors

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 4/30/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

1.28% more in annualized returns

Less invested in commodity producers

0.23% less invested

Less invested in banks and lenders

1.99% less invested

Less invested in major consumer brands

0.47% less invested

Current fund

DFIEX

DFA International Core Equity 2 Portfolio

Family

Dimensional Fund Advisors

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 4/30/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

1.28% more in annualized returns

Less invested in commodity producers

0.23% less invested

Less invested in banks and lenders

1.99% less invested

Less invested in major consumer brands

0.47% less invested

Current fund

DFIEX

DFA International Core Equity 2 Portfolio

Family

Dimensional Fund Advisors

Category

Foreign Large Blend

Find another fund

vs.

Benchmark

ACWX

iShares MSCI ACWI ex U.S. ETF

Family

iShares from BlackRock

Category

Foreign Large Blend

Change benchmark

Fund comparison settings

Investment timeline

Performance as of: 4/30/25

1 year

3 years

5 years

10 years

Benchmark

Suggested: MSCI ACWI Ex USA

Fund comparison results

Compared to the benchmark, this fund has:

Higher 10-yr returns

1.28% more in annualized returns

Less invested in commodity producers

0.23% less invested

Less invested in banks and lenders

1.99% less invested

Less invested in major consumer brands

0.47% less invested

Month-end trailing returns

Performance as of date: 4/30/25

Morningstar suggested benchmark: MSCI ACWI Ex USA NR USD

Annualized returns

Deforestation analysis

1-yr

3-yr

5-yr

10-yr

This fund
DFIEX - DFA International Core Equity 2 Portfolio

14%

9.74%

13%

6.01%

0.95%

Benchmark

13%

8.32%

10%

4.72%

1.19%

Fund compared to benchmark

1.22%

1.42%

2.87%

1.28%

0.23% lower

Find more financial data on DFIEX at Morningstar.com

Take Action

Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.

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