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
$ 14.6 B
ASSETS UNDER MGMT
28 bp
EXPENSES
Fund Basics
| Inception date | Jun 14, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| OPTEX SYSTEMS HOLDINGS IN | 3.6 % |
| REGAL BELOIT CORP | 1.3 % |
| PERMIAN RESOURCES CORPORATION CLASS A | 0.8 % |
| OVINTIV INC | 0.8 % |
| HF SINCLAIR CORPORATION | 0.7 % |
| BALL CORP | 0.7 % |
| CNH INDUSTRIAL NV | 0.7 % |
| TOLL BROTHERS INC | 0.6 % |
| PERFORMANCE FOOD GROUP COMPANY | 0.6 % |
| BORGWARNER INC | 0.6 % |
Constituent Breakdown
| Number of holdings | 1218 |
| Herfindahl-Hirschman Index | 38 |
| Wgt avg mkt cap (mns) | $6,994 |
| Large cap (>$10bn) | 28.0% |
| Mid cap ($2-10bn) | 54.1% |
| Small cap (<$2bn) | 14.3% |
| Developed mkts. | 96.8% |
| Emerging mkts. | 0.2% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 90.8 % |
 |
BERMUDA | 2.4 % |
 |
BRITAIN | 1.0 % |
 |
PUERTO RICO | 0.8 % |
 |
IRELAND | 0.6 % |
Historical Performance
Standardized Performance (as of 06/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.4% | 29.5% | 16.1% | 14.6% | 9.3% | -- | -- | 8.8% |
| Dividend Yield | 0.8% | 2.0% | 1.8% | 1.7% | 1.6% | -- | -- | 1.7% |
| Total Returns | 18.2% | 31.6% | 17.9% | 16.3% | 10.9% | -- | -- | 10.4% | Ann. Volatility | 15.6% | 16.7% | 20.9% | 19.9% | 21.4% | -- | -- | 21.4% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.85 | 41% |
| MSCI EAFE | 0.67 | 40% |
| MSCI Emg Mkts | 0.35 | 24% |
Liquidity Measures
| Avg. volume (000) | 361 |
| ADV traded (mns) | $25 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| 30d moving avg. (EMA) | $69.39 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.57/0.61 |
| Bollinger Bands (Upper/Lower) | $71.03/$68.81 |
| Short interest (% of AUM) | 0.1% |
Distributions
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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 | 64.5% | +3 bp | -0.6% |
| ISCV | iShares Morningstar Small Cap Value ETF | 48.3% | -22 bp | -1.4% |
| DFAS | Dimensional U.S. Small Cap ETF | 45.3% | -2 bp | -2.9% |
| VBR | Vanguard Small Cap Value ETF | 43.3% | -21 bp | -1.3% |
| EZM | WisdomTree U.S. MidCap Fund | 39.0% | +10 bp | +0.0% |
| AVSC | Avantis U.S Small Cap Equity ETF | 37.7% | -3 bp | -4.3% |
| IWN | iShares Russell 2000 Value ETF | 37.5% | -4 bp | -4.6% |
| VTWV | Vanguard Russell 2000 Value ETF | 37.5% | -18 bp | -4.5% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 36.3% | -10 bp | -1.0% |
| ISCB | iShares Morningstar Small-Cap ETF | 36.1% | -24 bp | -3.5% |
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 (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 7/27/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
9.3%
ALTAR SCORE™
97th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,401 funds in the US Equity category with an average
ALTAR Score™ of 5.4% and a standard deviation
of 2.1%. DFAT's ALTAR Score™ is approximately 1.9 standard
deviations above the category average. This places DFAT in the 97th percentile
among funds in the category.
Sell-Side Consensus
$76.75
PRICE TARGET
+8.8%
UPSIDE