Continue to site >
Trending ETFs

Name

As of 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.79

$7.14 B

3.78%

$0.94

0.28%

Vitals

YTD Return

4.5%

1 yr return

7.7%

3 Yr Avg Return

2.7%

5 Yr Avg Return

N/A

Net Assets

$7.14 B

Holdings in Top 10

9.6%

52 WEEK LOW AND HIGH

$24.8
$23.42
$27.24

Expenses

OPERATING FEES

Expense Ratio 0.28%

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 12/19/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$24.79

$7.14 B

3.78%

$0.94

0.28%

DFAX - Profile

Distributions

  • YTD Total Return 4.5%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Dimensional World ex U.S. Core Equity 2 ETF
  • Fund Family Name
    Dimensional Funds
  • Inception Date
    Sep 13, 2021
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jed Fogdall

Fund Description

Dimensional Fund Advisors LP’s (the “Advisor”) tax management strategies for the World ex U.S. 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 World ex U.S. 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 World ex U.S. Core Equity 2 ETF is designed to purchase a broad and diverse group of equity securities of non-U.S. companies in countries with developed and emerging markets. 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 Non-U.S. Universe. For purposes of this Portfolio, the Advisor defines the Non-U.S. Universe as a market capitalization weighted set (e.g., the larger the company, the greater the proportion of the Non-U.S. Universe it represents) of non-U.S. companies in developed and emerging markets that have been authorized for investment as approved markets by the Advisor’s Investment Committee. 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 Non-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. The Advisor determines company size on a country or region specific basis and based primarily on market capitalization.

The World ex U.S. Core Equity 2 ETF intends to purchase securities of companies associated with developed market and emerging market countries, which may include frontier markets (emerging market countries in an earlier stage of development), that the Advisor has designated as approved markets. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in non-U.S. equity securities and/or investments that provide exposure to non-U.S. securities.

The Advisor may also increase or reduce the World ex U.S. 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 World ex U.S. Core Equity 2 ETF may gain exposure to non-U.S. securities by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer’s domicile country. The Portfolio may also invest in China A-shares (equity securities of companies listed in China) and variable interest entities (special structures that utilize contractual arrangements to provide exposure to certain Chinese companies). The Portfolio may purchase or sell futures contracts and options on futures contracts for foreign or 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. Because many of the Portfolio’s investments may be denominated in foreign currencies, the Portfolio may enter into foreign currency exchange transactions, including foreign currency forward contracts, in connection with the settlement of foreign securities or to transfer cash balances from one currency to another currency.

The World ex U.S. Core Equity 2 ETF may lend its portfolio securities to generate additional income.

The World ex U.S. 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.

Read More

DFAX - Performance

Return Ranking - Trailing

Period DFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -28.5% 12.2% 94.50%
1 Yr 7.7% -31.2% 121.5% 93.56%
3 Yr 2.7%* -52.6% 123.6% 6.62%
5 Yr N/A* -11.3% 58.0% 4.27%
10 Yr N/A* -5.9% 10.0% 1.24%

* Annualized

Return Ranking - Calendar

Period DFAX Return Category Return Low Category Return High Rank in Category (%)
2023 13.1% -45.5% 71.3% N/A
2022 -17.3% -15.4% 11.9% N/A
2021 N/A -10.4% 121.9% N/A
2020 N/A -33.7% 8.5% N/A
2019 N/A -13.0% 27.5% N/A

Total Return Ranking - Trailing

Period DFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.5% -28.5% 12.2% 97.32%
1 Yr 7.7% -31.2% 121.5% 93.56%
3 Yr 2.7%* -52.6% 123.6% 6.62%
5 Yr N/A* -11.3% 58.0% 4.43%
10 Yr N/A* -3.1% 10.0% 1.24%

* Annualized

Total Return Ranking - Calendar

Period DFAX Return Category Return Low Category Return High Rank in Category (%)
2023 16.6% -45.5% 71.3% N/A
2022 -14.4% -15.4% 11.9% N/A
2021 N/A -10.4% 121.9% N/A
2020 N/A -18.0% 8.5% N/A
2019 N/A -13.0% 29.4% N/A

DFAX - Holdings

Concentration Analysis

DFAX Category Low Category High DFAX % Rank
Net Assets 7.14 B 1.02 M 369 B 14.68%
Number of Holdings 10095 1 10801 0.26%
Net Assets in Top 10 675 M 0 34.5 B 38.44%
Weighting of Top 10 9.58% 1.6% 100.0% 99.59%

Top 10 Holdings

  1. The DFA Short Term Investment Fund 4.13%
  2. TOTALENERGIES SE 0.70%
  3. NOVO NORDISK A S DKK0 1 B 0.69%
  4. TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 0.69%
  5. SHELL PLC 0.64%
  6. NOVARTIS AG SPONSORED ADR 0.58%
  7. TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 0.57%
  8. SAMSUNG ELECTRONICS CO LTD 0.54%
  9. ASML HOLDING NV 0.52%
  10. TOYOTA MOTOR CORP 0.51%

Asset Allocation

Weighting Return Low Return High DFAX % Rank
Stocks
92.76% 0.00% 122.60% 10.42%
Cash
4.13% -65.15% 100.00% 87.32%
Preferred Stocks
0.00% 0.00% 1.87% 7.13%
Other
0.00% -16.47% 17.36% 30.38%
Convertible Bonds
0.00% 0.00% 4.18% 4.10%
Bonds
0.00% -10.79% 71.30% 13.59%

Stock Sector Breakdown

Weighting Return Low Return High DFAX % Rank
Utilities
0.00% 0.00% 13.68% 46.03%
Technology
0.00% 0.00% 36.32% 42.80%
Real Estate
0.00% 0.00% 14.59% 30.69%
Industrials
0.00% 5.17% 99.49% 26.51%
Healthcare
0.00% 0.00% 21.35% 93.27%
Financial Services
0.00% 0.00% 47.75% 77.93%
Energy
0.00% 0.00% 16.89% 14.67%
Communication Services
0.00% 0.00% 21.69% 56.93%
Consumer Defense
0.00% 0.00% 32.29% 86.27%
Consumer Cyclical
0.00% 0.00% 36.36% 21.40%
Basic Materials
0.00% 0.00% 23.86% 5.11%

Stock Geographic Breakdown

Weighting Return Low Return High DFAX % Rank
Non US
88.91% 0.00% 125.24% 8.45%
US
3.85% -7.78% 68.98% 83.09%

DFAX - Expenses

Operational Fees

DFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.28% 0.01% 3.96% 86.60%
Management Fee 0.25% 0.00% 1.60% 14.21%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

DFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

DFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

DFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 247.00% 15.47%

DFAX - Distributions

Dividend Yield Analysis

DFAX Category Low Category High DFAX % Rank
Dividend Yield 3.78% 0.00% 13.65% 9.02%

Dividend Distribution Analysis

DFAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

DFAX Category Low Category High DFAX % Rank
Net Income Ratio N/A -0.93% 6.38% 21.28%

Capital Gain Distribution Analysis

DFAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

DFAX - Fund Manager Analysis

Managers

Jed Fogdall


Start Date

Tenure

Tenure Rank

Feb 28, 2010

12.26

12.3%

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.

Bhanu Singh


Start Date

Tenure

Tenure Rank

Jul 21, 2015

6.87

6.9%

Bhanu P. Singh is Vice President and a Senior Portfolio Manager of the Sub-Adviser. Mr. Singh joined Dimensional originally in 2003 and has been a portfolio manager since 2012. Mr. Singh has an M.B.A. from the University of Chicago Booth School of Business and a B.A. from the University of California, Los Angeles.

Allen Pu


Start Date

Tenure

Tenure Rank

Jul 21, 2015

6.87

6.9%

Allen Pu is Deputy Head of Portfolio Management, North America, a member of the Investment Commit- tee, Vice President and a Senior Portfolio Manager of the Sub-Adviser. Mr. Pu joined Dimensional as a Portfolio Manager in 2006. Mr. Pu has an M.B.A. from the University of California, Los Angeles, an M.S. and Ph.D. from Caltech, and a B.S. from Cooper Union for the Advancement of Science and Art.

Mary Phillips


Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

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.

William Collins-Dean


Start Date

Tenure

Tenure Rank

Dec 31, 2019

2.42

2.4%

Will Collins-Dean is a Portfolio Manager and Vice President of the Sub-Adviser. Mr. Collins-Dean received his MBA from the University of Chicago and is bachelor’s degree from Wake Forest University. Mr. Collins-Dean joined the Sub-Adviser in 2014 and has been a portfolio manager since 2016.

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
0.08 30.35 6.13 2.92