Von Borstel Lifts DFGP Stake to $74 Million, Signaling a Structural Turn Toward Bonds

Overview

• Von Borstel & Associates disclosed on November 13 that it bought 97,269 shares of the Dimensional Global Core Plus Fixed Income ETF in the third quarter.
• The position stood at 1.34 million DFGP shares valued at $74.09 million as of September 30, making it the firm’s second-largest holding at roughly 11.36% of reported assets.
• Reporting characterizes the purchase as a long-term portfolio allocation rather than a tactical bond trade.
• DFGP spans more than 1,300 holdings with a net expense ratio near 0.22%, a 30-day SEC yield around 3.4%, yield to maturity above 5.5%, duration under seven years, about $2.06 billion in AUM, and a recent price of $54.03 with a one-year total return near 6%.
• A separate filing shows Maine-based Penobscot Wealth Management raised its DFGP stake by 79,779 shares in the quarter to 807,488 shares worth $44.87 million, equal to about 14.4% of its reported assets.