DFAI

Dimensional International Core Equity Market ETF

DFAI is an actively-managed fund that seeks a broad exposure to relatively low-priced and profitable stocks in developed countries outside the US.


International

EQUITY

Active

MANAGEMENT STYLE

7.2 B

ASSETS UNDER MGMT

18 bp

EXPENSES
Fund Basics
Fund sponsorDimensional Holdings
CategoryInternational
Asset classEquity
Websitelink...
Inception dateNov 17, 2020
Assets (mns)$7,221
Expense ratio18 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
Distributions
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
CASH AND CASH EQUIVALENTS 1.9 %
NOVO NORDISK A/S-B 1.6 %
SHELL PLC 1.2 %
NESTLE SA-REG 1.1 %
ROCHE HOLDING LTD 1.0 %
ASML HOLDING NV-NY REG SHS 1.0 %
TOYOTA MOTOR CORP 1.0 %
TOTAL SA 0.9 %
ASTRAZENECA PLC 0.9 %
LVMH MOET HENNESSY LOUIS VUI 0.8 %
Constituent Breakdown
Number of holdings3763
Herfindahl-Hirschman Index 30
Wgt avg mkt cap (mns)$79,933
Large cap (>$10bn)76.6%
Mid cap ($2-10bn)17.5%
Small cap (<$2bn)4.8%
Developed mkts.99.8%
Emerging mkts.0.1%
Country Exposure
JAPAN 22.2 %
BRITAIN 12.5 %
CANADA 10.7 %
SWITZERLAND 8.7 %
FRANCE 8.3 %
GERMANY 7.3 %
AUSTRALIA 6.4 %
NETHERLANDS 3.9 %
DENMARK 3.0 %
SWEDEN 2.7 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 13.1% 25.4% 24.9% 6.2% -- -- 9.0%
Volatility 11.2% 12.3% 16.2% 16.2% -- -- --
Market Correlations
versus...BetaR-squared
S&P 5000.8575%
MSCI EAFE0.9897%
MSCI Emg Mkts0.8367%
Liquidity Measures
Avg. volume (000)778
Turnover0.3%
Avg. Bid/Ask (% of price)0.04%
ADV of underlying (mns)$56,108
Technical Indicators
Recent close$31.46
30d moving avg.$31.14
Annualized volatility17.5%
Relative strength (RSI)55
Short interest (ETF)0.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: DFAI vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
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 --%
0.9 12.7 1.5 3.5% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DFAI



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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

DFAI

7.0%

Cat. Avg

7.0%


ALTAR Score™ Calculation

Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™ of 7.0% and a standard deviation of 2.5%. DFAI's ALTAR Score™ is approximately 0.0 standard deviations below the category average. This places DFAI in the 49th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

DFAI
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
International Equity ETFs
# of ETFs 38
Avg. Expense Ratio 56.2 bp
Std. Deviation 24 bp
DFAI (18 bp) Percentile rank 5
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DFAI 18.0 3.8 21.8
Peer Avg. 43.9 31.7 75.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .