Dimensional Fund Advisors (DFA) is cutting the management fees of 33 equity mutual funds by 15% on an asset-weighted basis, effective Feb. 28, 2021.
This will be the second management fee cut for most of the funds within a year. Last December the firm, whose funds are sold through advisors, announced management fee cuts on 77 funds equal to 8% on an asset-weighted basis. DFA fund management fees constitute the bulk of the net expense ratios for its funds.
The nearly 40-year-old DFA has a track record of regularly reviewing and reducing fees.