Dimensional Emerging Markets Value ETF
Name
As of 09/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.5%
1 yr return
13.2%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$554 M
Holdings in Top 10
18.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.46%
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 09/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DFEV - Profile
Distributions
- YTD Total Return 6.5%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 3.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDimensional Emerging Markets Value ETF
-
Fund Family NameDimensional Funds
-
Inception DateApr 27, 2022
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAllen Pu
Fund Description
To achieve the Emerging Markets Value 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, sectors, and countries. 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 Portfolio is designed to purchase emerging market equity securities that are deemed by the Advisor to be value stocks at the time of purchase, which may include frontier markets (emerging market countries in an earlier stage of development), authorized for investment by the Advisor’s Investment Committee (“Approved Markets”). 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. The Portfolio may emphasize certain stocks, including smaller capitalization companies, lower relative price stocks, and/or higher profitability stocks as compared to their representation in the value segments of the Approved Markets in which the Portfolio is authorized to invest. 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 Portfolio will invest at least 80% of its net assets in emerging markets investments that are defined in the Prospectus as Approved Markets securities. The Portfolio may purchase emerging market equity securities across all market capitalizations.
The Advisor may also increase or reduce the Portfolio’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 Portfolio may gain exposure to companies associated with Approved Markets by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer’s domicile country, or by entering into equity swap agreements. 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 Approved Market or other equity market securities and indices, including those of the United States, 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 a foreign securities or to transfer cash balances from one currency to another currency.
The Portfolio may lend its portfolio securities to generate additional income.
The Portfolio 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.
DFEV - Performance
Return Ranking - Trailing
Period | DFEV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.5% | -32.7% | 17.4% | N/A |
1 Yr | 13.2% | -50.4% | 14.4% | N/A |
3 Yr | N/A* | -16.6% | 69.4% | N/A |
5 Yr | N/A* | -13.2% | 32.4% | N/A |
10 Yr | N/A* | -12.4% | 11.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | DFEV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.5% | -50.1% | 15.9% | N/A |
2022 | N/A | -26.9% | 16.3% | N/A |
2021 | N/A | -7.2% | 79.7% | N/A |
2020 | N/A | -14.2% | 9.4% | N/A |
2019 | N/A | -11.5% | 24.0% | N/A |
Total Return Ranking - Trailing
Period | DFEV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.5% | -50.8% | 17.4% | N/A |
1 Yr | 13.2% | -50.4% | 30.2% | N/A |
3 Yr | N/A* | -16.6% | 69.4% | N/A |
5 Yr | N/A* | -13.2% | 32.4% | N/A |
10 Yr | N/A* | -12.4% | 11.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DFEV Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.5% | -50.1% | 15.9% | N/A |
2022 | N/A | -18.2% | 16.3% | N/A |
2021 | N/A | -7.2% | 79.7% | N/A |
2020 | N/A | -14.2% | 10.3% | N/A |
2019 | N/A | -9.7% | 24.0% | N/A |
DFEV - Holdings
Concentration Analysis
DFEV | Category Low | Category High | DFEV % Rank | |
---|---|---|---|---|
Net Assets | 554 M | 717 K | 102 B | 70.25% |
Number of Holdings | 2562 | 7 | 6734 | 3.93% |
Net Assets in Top 10 | 110 M | 3.7 K | 19.3 B | 76.88% |
Weighting of Top 10 | 18.48% | 2.8% | 71.7% | 88.48% |
Top 10 Holdings
- RELIANCE INDUSTRIES LTD 3.53%
- CHINA CONSTRUCTION BANK CORP 2.35%
- HON HAI PRECISION INDUSTRY CO LTD 2.10%
- SK HYNIX INC 1.99%
- ALIBABA GROUP HOLDING LTD 1.91%
- AXIS BANK LTD 1.58%
- PETROLEO BRASILEIRO SA 1.43%
- BANK OF CHINA LTD 1.31%
- PING AN INSURANCE GROUP CO OF CHINA LTD 1.14%
- PETROLEO BRASILEIRO SA 1.14%
Asset Allocation
Weighting | Return Low | Return High | DFEV % Rank | |
---|---|---|---|---|
Stocks | 97.41% | 0.90% | 110.97% | 3.69% |
Cash | 0.36% | -23.67% | 20.19% | 89.87% |
Other | 0.00% | -1.48% | 9.95% | 16.09% |
Preferred Stocks | 0.00% | 0.00% | 2.67% | 21.81% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 3.22% |
Bonds | 0.00% | -0.03% | 55.68% | 16.79% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DFEV % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 39.12% | 54.25% |
Technology | 0.00% | 0.00% | 47.50% | 92.34% |
Real Estate | 0.00% | 0.00% | 17.15% | 9.58% |
Industrials | 0.00% | 0.00% | 43.53% | 20.60% |
Healthcare | 0.00% | 0.00% | 93.26% | 82.63% |
Financial Services | 0.00% | 0.00% | 48.86% | 7.90% |
Energy | 0.00% | 0.00% | 26.66% | 1.68% |
Communication Services | 0.00% | 0.00% | 46.62% | 91.38% |
Consumer Defense | 0.00% | 0.00% | 28.13% | 92.57% |
Consumer Cyclical | 0.00% | 0.00% | 48.94% | 92.22% |
Basic Materials | 0.00% | 0.00% | 30.03% | 1.68% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DFEV % Rank | |
---|---|---|---|---|
Non US | 97.33% | -4.71% | 112.57% | 4.65% |
US | 0.08% | -1.60% | 104.72% | 68.65% |
DFEV - Expenses
Operational Fees
DFEV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.46% | 0.01% | 2.69% | 91.00% |
Management Fee | 0.38% | 0.00% | 2.00% | 8.12% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.85% | N/A |
Sales Fees
DFEV 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
DFEV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.40% | 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.
DFEV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 190.00% | N/A |
DFEV - Distributions
Dividend Yield Analysis
DFEV | Category Low | Category High | DFEV % Rank | |
---|---|---|---|---|
Dividend Yield | 3.02% | 0.00% | 13.22% | 48.16% |
Dividend Distribution Analysis
DFEV | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
DFEV | Category Low | Category High | DFEV % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -1.98% | 17.62% | N/A |
Capital Gain Distribution Analysis
DFEV | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 18, 2024 | $0.205 | OrdinaryDividend |
Mar 19, 2024 | $0.027 | OrdinaryDividend |
Dec 19, 2023 | $0.152 | OrdinaryDividend |
Sep 19, 2023 | $0.515 | OrdinaryDividend |
Jun 21, 2023 | $0.207 | OrdinaryDividend |
Dec 20, 2022 | $0.210 | OrdinaryDividend |
Sep 20, 2022 | $0.418 | OrdinaryDividend |
Jun 22, 2022 | $0.130 | OrdinaryDividend |
DFEV - Fund Manager Analysis
Managers
Allen Pu
Start Date
Tenure
Tenure Rank
Apr 26, 2022
0.1
0.1%
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.
Jed Fogdall
Start Date
Tenure
Tenure Rank
Apr 26, 2022
0.1
0.1%
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.
Joseph Hohn
Start Date
Tenure
Tenure Rank
Apr 26, 2022
0.1
0.1%
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.
Ethan Wren
Start Date
Tenure
Tenure Rank
Apr 26, 2022
0.1
0.1%
Mr. Wren is a Vice President and Senior Portfolio Manager of the Dimensional Fund Advisors LP. Mr. Wren holds an MBA and an MPA from the University of Texas at Austin. Mr. Wren joined the Dimensional in 2010, has been a portfolio manager since 2018.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.43 | 13.42 |