Dimensional U.S. Core Equity 2 ETF
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
21.0%
1 yr return
21.1%
3 Yr Avg Return
8.2%
5 Yr Avg Return
N/A
Net Assets
$33.7 B
Holdings in Top 10
25.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFAC - Profile
Distributions
- YTD Total Return 21.0%
- 3 Yr Annualized Total Return 8.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 1.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDimensional U.S. Core Equity 2 ETF
-
Fund Family NameDimensional Funds
-
Inception DateJun 14, 2021
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJed Fogdall
Fund Description
Dimensional Fund Advisors LP’s (the “Advisor”) tax management strategies for the US Core Equity 2 ETF are designed to maximize the after tax value of a shareholder’s investment. Generally, the Advisor buys and sells securities for the Portfolio with the goals of: (i) delaying and minimizing the realization of net capital gains (e.g., selling stocks with capital losses to offset gains, realized or anticipated); and (ii) maximizing the extent to which any realized net capital gains are long-term in nature (i.e., taxable at lower capital gains tax rates).
To achieve the US Core Equity 2 ETF’s investment objective, the Advisor implements an integrated investment approach that combines research, portfolio design, portfolio management, and trading functions. As further described below, the Portfolio’s design emphasizes long-term drivers of expected returns identified by the Advisor’s research, while balancing risk through broad diversification across companies and sectors. The Advisor’s portfolio
management and trading processes further balance those long-term drivers of expected returns with shorter-term drivers of expected returns and trading costs.
The US Core Equity 2 ETF is designed to purchase a broad and diverse group of equity securities of U.S. companies. The Portfolio invests in companies of all sizes, with increased exposure to smaller capitalization, lower relative price, and higher profitability companies as compared to their representation in the U.S. Universe. The Advisor generally defines the U.S. Universe as a market capitalization weighted set (e.g., the larger the company, the greater the proportion of the U.S. Universe it represents) of U.S. operating companies listed on a securities exchange in the United States that is deemed appropriate by the Advisor. The Portfolio’s increased exposure to smaller capitalization, lower relative price, and higher profitability companies may be achieved by decreasing the allocation of the Portfolio’s assets to larger capitalization, higher relative price, or lower profitability companies relative to their weight in the U.S. Universe. An equity issuer is considered to have a high relative price (i.e., a growth stock) primarily because it has a high price in relation to its book value. An equity issuer is considered to have a low relative price (i.e., a value stock) primarily because it has a low price in relation to its book value. In assessing relative price, the Advisor may consider additional factors such as price to cash flow or price to earnings ratios. An equity issuer is considered to have high profitability because it has high earnings or profits from operations in relation to its book value or assets. The criteria the Advisor uses for assessing relative price and profitability are subject to change from time to time.
As a non-fundamental policy, under normal circumstances, the US Core Equity 2 ETF will invest at least 80% of its net assets in equity securities of U.S. companies.
The Advisor may also increase or reduce the US Core Equity 2 ETF’s exposure to an eligible company, or exclude a company, based on shorter-term considerations, such as a company’s price momentum, short-run reversals, and investment characteristics. In assessing a company’s investment characteristics, the Advisor considers ratios such as recent changes in assets divided by total assets. The criteria the Advisor uses for assessing a company’s investment characteristics are subject to change from time to time. In addition, the Advisor seeks to reduce trading costs using a flexible trading approach that looks for opportunities to participate in the available market liquidity, while managing turnover and explicit transaction costs.
The US Core Equity 2 ETF may purchase or sell futures contracts and options on futures contracts for U.S. equity securities and indices, to increase or decrease equity market exposure based on actual or expected cash inflows to or outflows from the Portfolio.
The US Core Equity 2 ETF may lend its portfolio securities to generate additional income.
The US Core Equity 2 ETF is an actively managed exchange-traded fund and does not seek to replicate the performance of a specific index and may have a higher degree of portfolio turnover than such index funds.
DFAC - Performance
Return Ranking - Trailing
Period | DFAC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 21.0% | -51.8% | 22.1% | 93.13% |
1 Yr | 21.1% | -58.9% | 46.9% | 20.22% |
3 Yr | 8.2%* | -25.7% | 197.6% | 2.20% |
5 Yr | N/A* | -29.1% | 93.8% | 3.36% |
10 Yr | N/A* | -17.2% | 37.0% | 2.55% |
* Annualized
Return Ranking - Calendar
Period | DFAC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.4% | -69.4% | 53.7% | N/A |
2022 | -16.2% | -94.0% | 152.6% | N/A |
2021 | N/A | -13.9% | 183.6% | N/A |
2020 | N/A | -18.2% | 8.9% | N/A |
2019 | N/A | -80.2% | 35.2% | N/A |
Total Return Ranking - Trailing
Period | DFAC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 21.0% | -97.2% | 22.1% | 96.14% |
1 Yr | 21.1% | -58.9% | 67.6% | 21.60% |
3 Yr | 8.2%* | -25.7% | 197.6% | 2.32% |
5 Yr | N/A* | -28.1% | 93.8% | 4.01% |
10 Yr | N/A* | -11.8% | 37.0% | 2.42% |
* Annualized
Total Return Ranking - Calendar
Period | DFAC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 22.0% | -69.4% | 53.7% | N/A |
2022 | -14.9% | -94.0% | 152.6% | N/A |
2021 | N/A | -13.9% | 183.6% | N/A |
2020 | N/A | -12.8% | 8.9% | N/A |
2019 | N/A | -60.0% | 35.2% | N/A |
DFAC - Holdings
Concentration Analysis
DFAC | Category Low | Category High | DFAC % Rank | |
---|---|---|---|---|
Net Assets | 33.7 B | 177 K | 1.21 T | 9.89% |
Number of Holdings | 2662 | 2 | 4154 | 2.56% |
Net Assets in Top 10 | 7.55 B | 1.74 K | 270 B | 17.98% |
Weighting of Top 10 | 25.41% | 1.8% | 100.0% | 97.18% |
Top 10 Holdings
- APPLE INC 5.06%
- MICROSOFT CORP 4.75%
- NVIDIA CORP 4.71%
- The DFA Short Term Investment Fund 3.11%
- AMAZON COM INC 1.78%
- META PLATFORMS INC 1.60%
- ALPHABET INC 1.24%
- ELI LILLY CO 1.08%
- EXXON MOBIL CORP 1.06%
- JPMORGAN CHASE CO 1.03%
Asset Allocation
Weighting | Return Low | Return High | DFAC % Rank | |
---|---|---|---|---|
Stocks | 99.84% | 0.00% | 130.24% | 11.55% |
Cash | 3.11% | -102.29% | 100.00% | 91.56% |
Preferred Stocks | 0.00% | 0.00% | 2.23% | 8.71% |
Other | 0.00% | -13.91% | 134.98% | 56.92% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 54.70% |
Bonds | 0.00% | -0.04% | 95.81% | 54.70% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DFAC % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 25.44% | 64.71% |
Technology | 0.00% | 0.00% | 48.94% | 68.70% |
Real Estate | 0.00% | 0.00% | 37.52% | 83.82% |
Industrials | 0.00% | 0.00% | 29.90% | 14.43% |
Healthcare | 0.00% | 0.00% | 60.70% | 78.01% |
Financial Services | 0.00% | 0.00% | 55.59% | 20.94% |
Energy | 0.00% | 0.00% | 41.64% | 14.71% |
Communication Services | 0.00% | 0.00% | 27.94% | 77.94% |
Consumer Defense | 0.00% | 0.00% | 49.14% | 50.42% |
Consumer Cyclical | 0.00% | 0.00% | 50.47% | 39.15% |
Basic Materials | 0.00% | 0.00% | 26.10% | 19.61% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DFAC % Rank | |
---|---|---|---|---|
US | 99.84% | 0.00% | 127.77% | 18.19% |
Non US | 0.00% | 0.00% | 33.51% | 58.02% |
DFAC - Expenses
Operational Fees
DFAC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.17% | 0.01% | 2.95% | 88.84% |
Management Fee | 0.16% | 0.00% | 2.00% | 16.87% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
DFAC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DFAC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DFAC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 496.00% | N/A |
DFAC - Distributions
Dividend Yield Analysis
DFAC | Category Low | Category High | DFAC % Rank | |
---|---|---|---|---|
Dividend Yield | 1.15% | 0.00% | 19.15% | 10.74% |
Dividend Distribution Analysis
DFAC | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
DFAC | Category Low | Category High | DFAC % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -54.00% | 6.06% | 17.36% |
Capital Gain Distribution Analysis
DFAC | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 17, 2024 | $0.100 | OrdinaryDividend |
Sep 17, 2024 | $0.094 | OrdinaryDividend |
Jun 18, 2024 | $0.097 | OrdinaryDividend |
Mar 19, 2024 | $0.065 | OrdinaryDividend |
Dec 19, 2023 | $0.103 | OrdinaryDividend |
Sep 19, 2023 | $0.097 | OrdinaryDividend |
Jun 21, 2023 | $0.092 | OrdinaryDividend |
Mar 21, 2023 | $0.059 | OrdinaryDividend |
Dec 20, 2022 | $0.124 | OrdinaryDividend |
Sep 20, 2022 | $0.088 | OrdinaryDividend |
Jun 22, 2022 | $0.090 | OrdinaryDividend |
Mar 22, 2022 | $0.062 | OrdinaryDividend |
Dec 16, 2021 | $0.114 | OrdinaryDividend |
Sep 21, 2021 | $0.077 | OrdinaryDividend |
Jun 22, 2021 | $0.064 | OrdinaryDividend |
DFAC - Fund Manager Analysis
Managers
Jed Fogdall
Start Date
Tenure
Tenure Rank
Oct 04, 2007
14.67
14.7%
Jed S. Fogdall is a Co-Head of Portfolio Management and Vice President of Dimensional and a member of Dimensional’s Investment Committee. Mr. Fogdall has an MBA from the University of California, Los Angeles and a BS from Purdue University. Mr. Fogdall joined Dimensional as a Portfolio Manager in 2004 and has been responsible for international portfolios since 2010 and domestic portfolios since 2012.
John Hertzer
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
Mr. Hertzer joined DFA in 2013. Mr. Hertzer began his investment career in 2004 and earned a B.A. from Dartmouth College and an M.B.A. from the University of California Los Angeles.
Mary Phillips
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
Mary T. Phillips, CFA, Deputy Head of Portfolio Management, North America, Senior Portfolio Manager and Vice President of Dimensional, joined Dimensional in 2012 and has been a portfolio manager since 2014. Ms. Phillips began managing Dimensional’s allocated portion of the Fund’s portfolio in March 2018. Ms. Phillips earned an MBA with concentration in analytic finance, statistics and econometrics, and managerial and organizational behavior from the University of Chicago and a BA from the University of Puget Sound.
Joseph Hohn
Start Date
Tenure
Tenure Rank
Feb 28, 2022
0.25
0.3%
Mr. Hohn is a Portfolio Manager and Vice President of Dimensional Fund Advisors. Mr. Hohn holds an MBA from the University of California, Los Angeles, an MS from the University of Southern California and a BS from Iowa State University. Mr. Hohn joined the Advisor in 2012, has been a portfolio manager since 2015, and has been responsible for the US Large Company Portfolio since 2017.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.17 | 2.42 |