DFEV
Dimensional Emerging Markets Value ETF
DFEV actively selects emerging markets securities of all sizes exhibiting value characteristics, seeking to provide long-term capital appreciation.
Fund Basics
Fund sponsor | Dimensional Holdings |
Category | Emerging Market Equities |
Asset class | Equity |
Website | link... |
Inception date | Apr 26, 2022 |
Assets (mns) | $557 |
Expense ratio | 43 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
RELIANCE INDUSTRIES LTD | 3.7 % |
HYNIX SEMICONDUCTOR INC | 2.2 % |
CHINA CONSTRUCTION BANK-H | 2.2 % |
HON HAI PRECISION INDUSTRY | 2.2 % |
ALIBABA GROUP HOLDING LTD. | 1.7 % |
AXIS BANK LIMITED | 1.5 % |
PETROBRAS - PETROLEO BRAS-PR | 1.4 % |
SAMSUNG ELECTRONICS CO LTD | 1.3 % |
BANK OF CHINA LTD - H | 1.2 % |
PING AN INSURANCE GROUP CO-H | 1.1 % |
Constituent Breakdown
Number of holdings | 2488 |
Herfindahl-Hirschman Index | 60 |
Wgt avg mkt cap (mns) | $44,373 |
Large cap (>$10bn) | 56.5% |
Mid cap ($2-10bn) | 28.1% |
Small cap (<$2bn) | 15.1% |
Developed mkts. | 3.9% |
Emerging mkts. | 96.1% |
Country Exposure
CHINA | 19.8 % | |
TAIWAN | 17.6 % | |
INDIA | 16.8 % | |
SOUTH KOREA | 12.6 % | |
BRAZIL | 4.7 % | |
SAUDI ARABIA | 4.0 % | |
MEXICO | 3.1 % | |
SOUTH AFRICA | 2.3 % | |
HONG KONG | 2.1 % | |
UAE | 1.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
3.1% | 17.8% | -- | -- | -- | -- | 7.2% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.73 | 57% |
MSCI EAFE | 0.85 | 82% |
MSCI Emg Mkts | 0.86 | 95% |
Liquidity Measures
Avg. volume (000) | 75 |
Turnover | 0.4% |
Avg. Bid/Ask (% of price) | 0.13% |
ADV of underlying (mns) | $43,779 |
Technical Indicators
Recent close | $25.65 |
30d moving avg. | $24.04 |
Annualized volatility | 18.6% |
Relative strength (RSI) | 64 |
Short interest (ETF) | 0.2% |
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. DFEV |
Expenses vs. DFEV |
ALTAR Score™ vs. DFEV |
---|---|---|---|---|
DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 41.8% | -5 bp | -2.7% |
DFAE | Dimensional Emerging Core Equity Market ETF | 39.3% | -8 bp | -3.3% |
FNDE | Schwab Fundamental Emerging Markets Large Co. Index ETF | 37.3% | -4 bp | +1.7% |
JHEM | John Hancock Multifactor Emerging Markets ETF | 36.3% | +6 bp | -2.6% |
PXH | Invesco FTSE RAFI Emerging Markets ETF | 34.9% | +6 bp | +1.6% |
DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 34.1% | -2 bp | -3.2% |
MFEM | PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 33.7% | +7 bp | -0.4% |
AVEM | Avantis Emerging Markets Equity ETF | 32.6% | -10 bp | -1.8% |
AVES | Avantis Emerging Markets Value ETF | 32.5% | -7 bp | +1.2% |
BKEM | BNY Mellon Emerging Markets Equity ETF | 32.1% | -32 bp | -3.3% |
Risk and Returns: DFEV 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 4/18/2024
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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
DFEV
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DFEV
11.1%
Cat. Avg
7.8%
Fund Category: Emerging Market Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 11.1% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 163 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.8% and a standard deviation of
3.9%. DFEV's ALTAR Score™ is approximately
0.8 standard deviations
above
the category average. This places DFEV in the 80th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DFEV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
DFEV | 43.0 | 12.8 | 55.8 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .