DFGR
Dimensional Global Real Estate ETF
DFGR is actively managed to hold a diversified selection of US and foreign companies whose principal activities are engaged in the broad real estate sector, while focusing on REITs. Portfolio holdings are weighted by market capitalization.
Global
EQUITY
Active
MANAGEMENT STYLE
2.1 B
ASSETS UNDER MGMT
22 bp
EXPENSES
Fund Basics
| Fund sponsor | Dimensional |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 06, 2022 |
| Assets (mns) | $2,118 |
| Expense ratio | 22 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 | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PROLOGIS INC | 6.1 % |
| AMERICAN TOWER CORP-CL A | 5.7 % |
| EQUINIX INC | 4.5 % |
| WELLTOWER, INC. | 4.3 % |
| SIMON PROPERTY GROUP INC | 3.1 % |
| REALTY INCOME CORP | 3.0 % |
| PUBLIC STORAGE | 2.9 % |
| DIGITAL REALTY TRUST INC | 2.9 % |
| CASH AND CASH EQUIVALENTS | 2.8 % |
| CROWN CASTLE INTL CORP | 2.4 % |
Constituent Breakdown
| Number of holdings | 481 |
| Herfindahl-Hirschman Index | 201 |
| Wgt avg mkt cap (mns) | $33,033 |
| Large cap (>$10bn) | 68.8% |
| Mid cap ($2-10bn) | 23.5% |
| Small cap (<$2bn) | 7.7% |
| Developed mkts. | 98.5% |
| Emerging mkts. | 1.5% |
Country Exposure
 |
UNITED STATES | 74.5 % |
 |
AUSTRALIA | 5.8 % |
 |
JAPAN | 4.5 % |
 |
BRITAIN | 3.4 % |
 |
SINGAPORE | 2.6 % |
 |
FRANCE | 1.0 % |
 |
CANADA | 1.0 % |
 |
HONG KONG | 0.8 % |
 |
BELGIUM | 0.7 % |
 |
NETHERLANDS | 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 | 12.9% | 33.8% | -- | -- | -- | -- | 15.1% | Volatility | 15.3% | 16.8% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.18 | 65% |
| MSCI EAFE | 1.13 | 76% |
| MSCI Emg Mkts | 1.10 | 58% |
Liquidity Measures
| Avg. volume (000) | 220 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $11,319 |
Technical Indicators
| Recent close | $28.08 |
| 30d moving avg. | $28.53 |
| Annualized volatility | 19.4% |
| Relative strength (RSI) | 52 |
| 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. DFGR |
Expenses vs. DFGR |
ALTAR Score™ vs. DFGR |
|---|---|---|---|---|
| REET | iShares Global REIT ETF | 85.1% | -8 bp | +0.2% |
| AVRE | Avantis Real Estate ETF | 84.9% | -5 bp | -0.2% |
| ERET | iShares Environmentally Aware Real Estate ETF | 77.8% | +8 bp | +0.4% |
| DFAR | Dimensional US Real Estate ETF | 74.5% | -3 bp | +0.2% |
| RWO | SPDR Dow Jones Global Real Estate ETF | 74.4% | +28 bp | +0.1% |
| VNQ | Vanguard Real Estate ETF | 74.3% | -10 bp | +0.1% |
| FREL | Fidelity MSCI Real Estate Index ETF | 74.0% | -14 bp | +0.0% |
| SCHH | Schwab U.S. REIT ETF | 73.9% | -15 bp | +0.4% |
| IYR | iShares U.S. Real Estate ETF | 66.6% | +18 bp | -0.1% |
| USRT | iShares Core U.S. REIT ETF | 64.8% | -14 bp | +0.3% |
Risk and Returns: DFGR 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 10/22/2024
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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
DFGR
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
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.
ALTAR Score™
DFGR
6.0%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 361 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.6%. DFGR's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places DFGR in the 66th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFGRSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| DFGR (22 bp) Percentile rank | 5 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFGR | 22.0 | 6.7 | 28.7 |
| Peer Avg. | 66.5 | 30.5 | 97.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .