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 sponsorDimensional Fund Advisors LP
CategoryUS
Asset classEquity
Websitelink...
Inception dateJun 14, 2021
Assets (mns)$10,577
Expense ratio28 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 1.9 %
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 holdings1498
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 7.3% 23.9% 21.4% 9.6% -- -- 9.3%
Volatility 16.9% 18.6% 21.6% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0163%
MSCI EAFE1.0465%
MSCI Emg Mkts0.7533%
Liquidity Measures
Avg. volume (000)214
Turnover0.1%
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 volatility22.8%
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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Risk and Returns: DFAT 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 --%
0.8 11.4 1.2 3.6% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

DFAT
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
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 .