DFAE
Dimensional Emerging Core Equity Market ETF
DFAE actively selects emerging markets securities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 9.0 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Dec 02, 2020 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 11.7 % |
| BANK OF ZHENGZHOU CO LTD | 7.4 % |
| SAMSUNG ELECTRONICS CO LTD | 4.2 % |
| TENCENT HOLDINGS LTD | 3.0 % |
| HYNIX SEMICONDUCTOR INC | 2.8 % |
| ALIBABA GROUP HOLDING LTD. | 1.4 % |
| CHINA CONSTRUCTION BANK-H | 0.8 % |
| NATURAL RESOURCE PARTNERS LP | 0.8 % |
| DELTA ELECTRONICS INC | 0.7 % |
| SAMSUNG ELECTR-GDR REGS | 0.6 % |
Constituent Breakdown
| Number of holdings | 6500 |
| Herfindahl-Hirschman Index | 239 |
| Wgt avg mkt cap (mns) | $229,681 |
| Large cap (>$10bn) | 63.9% |
| Mid cap ($2-10bn) | 18.5% |
| Small cap (<$2bn) | 7.4% |
| Developed mkts. | 3.1% |
| Emerging mkts. | 89.6% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 22.4 % |
 |
CHINA | 19.9 % |
 |
SOUTH KOREA | 15.2 % |
 |
INDIA | 12.3 % |
 |
BRAZIL | 4.3 % |
 |
SOUTH AFRICA | 2.9 % |
 |
SAUDI ARABIA | 2.6 % |
 |
HONG KONG | 1.8 % |
 |
MEXICO | 1.6 % |
 |
MALAYSIA | 1.2 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.0% | 30.8% | 17.0% | 13.7% | 3.8% | -- | -- | 5.4% |
| Dividend Yield | 0.2% | 3.1% | 2.8% | 2.8% | 2.5% | -- | -- | 2.3% |
| Total Returns | 4.1% | 33.9% | 19.8% | 16.5% | 6.3% | -- | -- | 7.7% | Ann. Volatility | 25.0% | 19.4% | 17.6% | 16.4% | 17.4% | -- | -- | 17.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.76 | 55% |
| MSCI EAFE | 0.93 | 71% |
| MSCI Emg Mkts | 0.96 | 99% |
Liquidity Measures
| Avg. volume (000) | 1,098 |
| ADV traded (mns) | $41 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $35.32 |
| Relative strength (RSI) | 62 |
| MACD/Signal | 0.71/0.29 |
| Bollinger Bands (Upper/Lower) | $38.02/$31.71 |
| Short interest (% of AUM) | 0.1% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DFAE |
Expenses vs. DFAE |
ALTAR Score™ vs. DFAE |
|---|---|---|---|---|
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 74.2% | +3 bp | -0.1% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 73.1% | -26 bp | +1.2% |
| EEM | iShares MSCI Emerging Markets ETF | 68.0% | +34 bp | +1.0% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 67.0% | +31 bp | +0.4% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 66.4% | -24 bp | +1.0% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 65.6% | +1 bp | +0.7% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 65.0% | -20 bp | +1.2% |
| VWO | Vanguard FTSE Emerging Markets ETF | 64.9% | -28 bp | +2.0% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 64.5% | -5 bp | +1.3% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 61.3% | +6 bp | -0.2% |
Risk and Returns: DFAE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/23/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.8%
ALTAR SCORE™
54th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 203 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.6% and a standard deviation
of 2.2%. DFAE's ALTAR Score™ is approximately 0.1 standard
deviations above the category average. This places DFAE in the 54th percentile
among funds in the category.
Sell-Side Consensus
$42.15
PRICE TARGET
+11.5%
UPSIDE