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Based on an investment strategy grounded in Nobel Prize-winning economic theory, Dimensional helps you grow your money reliably in a selection of broadly diversified portfolios.
Monetary Authority of Singapore
Unlike the forecasting method of conventional investment firms, Dimensional Fund Advisors apply a more objective approach to evaluating markets. Our Dimensional portfolios rely on scientific financial insights as opposed to individual guesswork and predictions, offering you a safe and reliable way to grow your money.
Dimensional investing puts your needs first, rather than chasing high performance portfolios and trends.
Better Long-Term Performance
DFA pursues drivers of higher expected returns that research has proven to be persistent, robust, pervasive and
logical. Based on a foundation of market-based returns, DFA employs systematic tilts to the dimensions of value, small
caps and profitability to deliver better performance over the long term.
Broad Market Exposure
DFA captures market-based returns as a starting point by holding a large diversified range of securities in their
funds. Instead of trying to pick stocks, sectors or countries based on forecasts, DFA relies on the dimensions
of higher expected returns to provide opportunities for outperformance.
While the total expense ratios for active funds can be as high as 1.67% p.a., our portfolios’
fund-level fees hover around 0.30% p.a.. DFA achieves this by minimising costs of
operations and patient trading, leveraging on huge economies of scale.
The illustration shows the growth of portfolio value and total invested amount over your selected
Total invested considers the amount of initial investment as well as the total monthly investments
your selected investment period.
Total gain refers to the difference between the combined amount of payouts received and portfolio
and total amount invested over your selected investment period. Total invested considers the amount
initial investment as well as the total monthly investments over your selected investment period.
It is assumed that the portfolios grow at a constant rate of 6.7% p.a., 6.3% p.a., 5.6% p.a., 4.6%
and 3.2% for Equity, Growth, Balanced, Moderate and Conservative portfolio respectively. Returns are
projected long-term returns using average 20-year rolling returns (rolled monthly) of comparative
indices from 1994 to 2020 Returns are net of fund level fees (0.25% p.a. to 0.27% p.a.) and net of
advisory fees (assumed 0.60%). It is assumed that re-balancing is performed half yearly. This graph
only for illustration purposes, and does not represent actual investor performance. Actual
will vary due to changes in market conditions, differences in fees and actual portfolio rebalancing.
Past performance is not indicative of future performance.
Diagram shown illustrates the hypothetical growth of S$100,000 investing in MoneyOwl portfolios, starting November 2000.
As some underlying funds of MoneyOwl investment portfolios are incepted only recently, monthly returns of comparable blends of indices were used for periods prior to 2019 and actual monthly fund returns were used from the start of 2019. Indices used to proxy the portfolios are Dimensional Global Equity Index, Dimensional Emerging Adjusted Large index, FTSE World Government Bond Index 1-5 years (hedged to SGD) and Bloomberg Barclays Global Aggregate index (hedged to SGD). It is assumed that rebalancing was done half yearly. It is possible that the MoneyOwl portfolios would have performed better or worse than the comparable blends of indices. These differences may be due to, but not limited to portfolio rebalancing, dividends reinvestments and fees.
Actual individual investor performance has and will vary depending on the time of the initial investment, amount and frequency of contributions and intra-period allocation changes. The diagram illustrates the performance of MoneyOwl portfolios but cannot be indicative of future performance.
Our portfolios are created using Dimensional Fund Advisors’ (DFA) funds, which are backed by decades of research and cater to varying levels of risk appetites.
This portfolio is suitable for those focused on accumulating wealth over the long term (15 years or more) and are willing and able to take high risks.
Projected returns: 6.83% p.a.
Standard Deviation: 14.23%
This portfolio is suitable for those looking to accumulate wealth over the long term (12 to 14 years) and are open to taking high risks.
This portfolio is ideal for those focused on accumulating wealth over the medium term (8 to 11 years) and are willing and able to take moderate risks.
Projected returns: 5.60% p.a.
Standard Deviation: 8.4%
This portfolio is suitable for those who want to accumulate wealth over the medium term (6 to 7 years) and are willing and able to take moderate risks.
Projected returns: 4.65% p.a.
Standard Deviation: 5.37%
This portfolio is suitable for those focused on capital preservation over the short-medium term (4 to 5 years) and are willing and able to take some risk.
Projected returns: 3.19% p.a.
Standard Deviation: 2.48%
Projected returns are based on the average historical 20-year rolling period returns of Dimensional Global Core Equity Index, Dimensional Emerging Markets Adjusted Large Cap Index & FTSE World Government Bond Index 1- 5 Years (hedged to SGD) from 1994 to 2021 and Bloomberg Global Aggregate Bond Index (hedged to SGD) from 2000 to 2021. Please note that past performance is not a guarantee of future results.
Projected returns are calculated after deducting fund level fees, which range between 0.25% and 0.27% p.a., and net of advisory fees of 0.6% p.a.
Past performance is not an indicator of future performance.
Dimensional Fund Advisors (DFA) place trust in markets and don’t gamble investors’ money based on hubris. Their strategies don’t involve forecasting, which is often dubbed as “investment skill” or “dynamic allocation”. DFA shares our philosophy of staying invested in broadly diversified markets to capture long-term market return. MoneyOwl’s portfolios are made up of the following specially-curated funds from DFA:
Dimensional Global Core Equity Fund
Number of holdings: 8393
Dimensional Emerging Market Large Caps Core Equity Fund
Number of holdings: 1270
Dimensional Global Short Fixed Income Fund (SGD, Accumulation, Hedged)
(SGD, Accumulation, Hedged)
Number of holdings: 225
Dimensional Global Core Fixed Income Fund
Number of holdings: 505
The blended Total Expense Ratios (TER) of our portfolios made up of Dimensional funds are low: 0.25%-0.27% p.a., or more than 75% lower than actively managed funds which have an average TER of 1.35%-1.89% p.a.
MoneyOwl does not receive any trailer commissions from Dimensional.
As the Dimensional funds are structured as unit trusts, investors can own fractional shares and invest a small quantum.
Dimensional funds can only be accessed through licensed financial advisers approved by Dimensional.
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The minimum one-time and monthly investment amounts for our portfolios are listed below:
The total returns are based on time-weighted return approach, which is calculated by multiplying the daily returns of your portfolio and linking them together to show how the returns are compounded over time. It shows you how much $1 of your investment would have grown throughout your investment period, without considering the size and timing of interim cash inflows or outflows. This is in line with how fund managers measure the performance of their funds.
Mathematically, if the period 1 return on your investment is represented by r1, and period 2 is represented by r2 and so on, the Time-Weighted Return is determined by the formula below: Total Returns = [(1+r1) (1+r2) (1+r3) (1+r4) .... (1+rn)] – 1
Suppose Peter invests $10,000 into a portfolio on 1 Jan. On 1 July, his portfolio is valued at $11,500 and at this point he adds another $1,000 bringing his portfolio value to $12,500 ($11,500 + $1,000). By the end of the year, the portfolio has decreased in value to $12,000.
Period Return (1 Jan to 30 Jun) = ($11,500 - $10,000)/$10,000 = 15%
Period Return (1 Jul to 31 Dec) = ($12,000 - $12,500)/$12,500 = -4%
Therefore, the Time-Weighted Return during this entire period (1 Jan to 31 Dec) is 10.4%, which is computed by geometrically linking the returns of the two periods, i.e. [(1+0.15) (1-0.04)] - 1 = 10.4%
You can login to your MoneyOwl Investment Account to submit a top-up request:
For Dimensional/ WiseIncome/WiseSaver Portfolios, the minimum withdrawal amount is $50.
For CPF Portfolios, the minimum withdrawal amount is $200.
Your sell request will be processed at 3pm on the current business day if we received your sell request before 3 pm. If your sell request is received after 3pm, the request will be processed at 3 pm the next business day.
iFAST Financial Pte Ltd provides custodial and transfer agent services to MoneyOwl. Please refer to https://eservices.mas.gov.sg/fid for full details of their licence.
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