Dimensional Fund Advisors began with the idea that using academic research to invest in smaller, underpriced companies with a tilt to profitability could outperform the market by avoiding subjective stock picking and the rigidness of pure index investing. The firm’s assets have grown significantly since the financial crisis as institutions look for low-cost active strategies that deliver alpha. It is the largest manager of quantitative strategies, strictly to institutional investors.
Data are as of Sept. 30 unless otherwise noted. *Morningstar fee universes were used that include non-institutional share classes and will be biased higher. Sources: P&I Research Center; Morningstar Inc.; Bloomberg LP
Compiled and designed by Charles McGrath and Gregg A. Runburg