Client Letter – Q4 2018

During the past quarter and year, the best performing asset classes were bonds and real estate. The 10-year returns below show how small of an impact this market decline has had on long term returns. The following chart shows the 3-month, 1-year, and 10-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market […]

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Client Letter – Q3 2018

During the past quarter, the best performing asset classes were U.S. large growth stocks, large value stocks, and U.S. small stocks. The following chart shows the 1-year, 5-year, and 10-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market Returns for the period ending September 30, 2018 DFA Fund / Index 1 Year […]

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Client Letter – Q2 2018

During the past quarter, the best performing asset classes were U.S. small growth stocks, U.S. small value stocks, and real estate.  The following chart shows the 1-month, 1-year, and 5-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market Returns for the period ending June 30, 2018 DFA Fund / Index 1 Month […]

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Client Letter – Q1 2018

During the first quarter of 2018, the best performing asset classes were emerging markets, international small, and 5-year global bonds.  Emerging markets had the only positive return for the quarter.  The following chart shows the 3-month, 1-year, and 5-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market Returns for the period ending […]

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Client Letter – Q4 2017

During the past year, the best performing asset classes were international small, small value, and emerging markets stocks. The following chart shows the 1-year, 5-year, and 10-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market Returns for the period ending December 31, 2017 DFA Fund / Index 1 Year Return 5 Year […]

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Client Letter – Q3 2017

During the past quarter, the best performing asset classes were—once again—international large value, international small, and international small value stocks. This has been a very strong year for stocks, especially international and emerging markets stocks!  The following chart shows the 3-month, 1-year, and 5-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market Returns […]

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Client Letter – Q2 2017

During the past quarter, the best performing asset classes were international large value, international small, and international small value stocks. The following chart shows the 1-year, 5-year, and 10-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market Returns for the period ending June 30, 2017 DFA Fund / Index 1 Year Return […]

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Client Letter – Q1 2017

During the first quarter of 2017, the best performing asset classes were emerging markets, international small, and international small value stocks.  The following chart shows the 3-month, 5-year, and 10-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market Returns for the period ending March 31, 2017 DFA Fund / Index 3 Month […]

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Client Letter – Q4 2016

During the past year, the best performing asset classes were U.S. large value, small, and small value stocks. Emerging markets stocks were next, just ahead of the S&P 500. The following chart shows the 1-year, 3-year, and 5-year performance of many DFA funds (representing different asset classes) compared to the S&P 500 Index: Market Returns for the period ending December […]

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Client Letter – Q3 2016

The third quarter defied expectations as world stock markets (with the exception of Great Britain) rose in the wake of uncertainties from the spring Brexit vote, the hotly contested U.S. presidential race, the threat of higher short-term interest rates, domestic and foreign terrorist attacks, international banking turmoil, and more. The following chart shows the 3-month, 1-year, and 5-year performance of […]

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