As an investor, you may be wondering how much exposure to Russia do you own. We do have exposure to an emerging markets fund, specifically DFA Emerging Markets Core Equity Portfolio (DFCEX). Here are a couple bullet points related to this fund:

  • As of 1/31/22, DFCEX held Russia at a weight of 0.92% while the Emerging Markets Index holds Russia at 3.32%.
  • The fund has been underweight Russia since 2014 when Russia annexed Crimea.
  • The strategy does not buy locally listed Russian securities, but gets exposure through depository receipts purchased on the LSE and NYSE.
  • A 72% underweight and ADR protections are both items of “comfort” to an investor as the Russian situation develops.

Let us know if you have questions or concerns!

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