DFA to Cut Some Management Fees
The investment manager says it has regularly reviewed and reduced fees.
Dimensional Fund Advisors announced Wednesday that it will lower management fees for more than a dozen mutual funds and exchange-traded funds, effective Feb. 28.
Dimensional said on its website that it regularly reviews and reduces fees and that Morningstar places the majority of the firm’s management fees in the lowest decile relative to peer funds.
“We aim to empower financial professionals to make the best decisions they can for those they serve,” Dimensional Co-CEO Dave Butler said. “We’ve always sought to ensure our investment strategies are priced competitively across asset classes, agnostic of vehicle wrapper, from mutual funds to separately managed accounts to ETFs.”
Dimensional is lowering investment management fees for 11 mutual funds and three ETFs — primarily fixed income funds — and expense limits for one mutual fund and four ETFs, according to lists the firm included in the announcement.