DFAT
Dimensional U.S. Targeted Value ETF
DFAT is an active, tax-managed fund that seeks to provide long-term capital appreciation from a portfolio of US mid and small-cap value stocks.
US
EQUITY
Active
MANAGEMENT STYLE
10.6 B
ASSETS UNDER MGMT
28 bp
EXPENSES
Fund Basics
Fund sponsor | Dimensional Fund Advisors LP |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Jun 14, 2021 |
Assets (mns) | $10,577 |
Expense ratio | 28 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
CASH AND CASH EQUIVALENTS | 1.9 % |
FRANK'S INTERNATIONAL NV | 0.8 % |
REGAL BELOIT CORP | 0.6 % |
UNUM GROUP | 0.6 % |
CHESAPEAKE ENERGY CORP | 0.6 % |
SYNNEX CORP | 0.6 % |
MOHAWK INDUSTRIES INC | 0.6 % |
TAYLOR MORRISON HOME CORP-A | 0.6 % |
ALLY FINANCIAL INC | 0.6 % |
ARROW ELECTRONICS INC | 0.5 % |
Constituent Breakdown
Number of holdings | 1498 |
Herfindahl-Hirschman Index | 25 |
Wgt avg mkt cap (mns) | $4,952 |
Large cap (>$10bn) | 10.2% |
Mid cap ($2-10bn) | 65.5% |
Small cap (<$2bn) | 24.2% |
Developed mkts. | 99.9% |
Emerging mkts. | 0.1% |
Country Exposure
UNITED STATES | 91.4 % | |
BERMUDA | 2.4 % | |
BRITAIN | 1.0 % | |
NETHERLANDS | 0.9 % | |
PUERTO RICO | 0.8 % | |
IRELAND | 0.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 7.3% | 23.9% | 21.4% | 9.6% | -- | -- | 9.3% | Volatility | 16.9% | 18.6% | 21.6% | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.01 | 63% |
MSCI EAFE | 1.04 | 65% |
MSCI Emg Mkts | 0.75 | 33% |
Liquidity Measures
Avg. volume (000) | 214 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.10% |
ADV of underlying (mns) | $27,038 |
Technical Indicators
Recent close | $55.21 |
30d moving avg. | $54.16 |
Annualized volatility | 22.8% |
Relative strength (RSI) | 49 |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. DFAT |
Expenses vs. DFAT |
ALTAR Score™ vs. DFAT |
---|---|---|---|---|
DFSV | Dimensional US Small Cap Value ETF | 68.5% | +3 bp | +0.7% |
ISCV | iShares Morningstar Small Cap Value ETF | 48.9% | -22 bp | -0.8% |
DFAS | Dimensional U.S. Small Cap ETF | 48.8% | -2 bp | -2.6% |
IWN | iShares Russell 2000 Value ETF | 47.9% | -4 bp | -3.3% |
VTWV | Vanguard Russell 2000 Value ETF | 47.7% | -13 bp | -3.2% |
AVUV | Avantis U.S. Small Cap Value ETF | 41.1% | -3 bp | +1.0% |
VBR | Vanguard Small Cap Value ETF | 39.2% | -21 bp | -0.5% |
RSSL | Global X Russell 2000 ETF | 38.1% | -20 bp | -5.6% |
GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 38.0% | -8 bp | -3.6% |
IWM | iShares Russell 2000 ETF | 37.6% | -9 bp | -5.4% |
Risk and Returns: DFAT 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
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 | --% |
Based on closing prices from 10/4/2024
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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
DFAT
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
DFAT
8.3%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. DFAT's ALTAR Score™ is approximately
1.2 standard deviations
above
the category average. This places DFAT in the 88th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFATSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active US Equity ETFs |
# of ETFs | 308 |
Avg. Expense Ratio | 67.1 bp |
Std. Deviation | 37 bp |
DFAT (28 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
DFAT | 28.0 | 9.7 | 37.7 |
Peer Avg. | 42.1 | 19.3 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .