DFAS

Dimensional U.S. Small Cap ETF

DFAS actively invests in small-cap US companies, selected using multiple factors and weighted by market capitalization.


US

EQUITY

Active

MANAGEMENT STYLE

8.9 B

ASSETS UNDER MGMT

26 bp

EXPENSES
Fund Basics
Fund sponsorDimensional Fund Advisors LP
CategoryUS
Asset classEquity
Websitelink...
Inception dateJun 14, 2021
Assets (mns)$8,876
Expense ratio26 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
CASH AND CASH EQUIVALENTS 1.8 %
FRANK'S INTERNATIONAL NV 0.5 %
CRANE HOLDINGS, CO. 0.4 %
SPROUTS FARMERS MARKET INC 0.4 %
ABERCROMBIE & FITCH CO-CL A 0.3 %
APPLIED INDUSTRIAL TECH INC 0.3 %
FABRINET 0.3 %
ENSIGN GROUP INC/THE 0.3 %
UNIVERSAL FOREST PRODUCTS 0.3 %
TAYLOR MORRISON HOME CORP-A 0.3 %
Constituent Breakdown
Number of holdings2048
Herfindahl-Hirschman Index 15
Wgt avg mkt cap (mns)$4,687
Large cap (>$10bn)5.9%
Mid cap ($2-10bn)74.2%
Small cap (<$2bn)19.7%
Developed mkts.99.9%
Emerging mkts.0.1%
Country Exposure
UNITED STATES 93.3 %
BERMUDA 1.3 %
NETHERLANDS 0.6 %
BRITAIN 0.5 %
IRELAND 0.5 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 9.5% 25.2% 19.5% 6.1% -- -- 5.7%
Volatility 16.7% 17.7% 20.6% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0372%
MSCI EAFE1.0269%
MSCI Emg Mkts0.7334%
Liquidity Measures
Avg. volume (000)223
Turnover0.2%
Avg. Bid/Ask (% of price)0.08%
ADV of underlying (mns)$35,511
Technical Indicators
Recent close$64.38
30d moving avg.$63.05
Annualized volatility21.7%
Relative strength (RSI)51
Short interest (ETF)0.1%
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: DFAS 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 -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
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 --%
1.1 15.1 1.8 2.3% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DFAS



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™

DFAS

5.8%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.4%. DFAS's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places DFAS in the 53rd percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
DFAS (26 bp) Percentile rank 14
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DFAS 26.0 8.1 34.1
Peer Avg. 42.1 19.3 61.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .