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

22 bp

EXPENSES

$1.9 B

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorDimensional
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateDec 06, 2022
Assets (mns)$1,880
Expense ratio22 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
PROLOGIS INC 6.5 %
AMERICAN TOWER CORP-CL A 5.8 %
EQUINIX INC 4.5 %
WELLTOWER, INC. 3.7 %
DIGITAL REALTY TRUST INC 3.0 %
SIMON PROPERTY GROUP INC 2.9 %
REALTY INCOME CORP 2.8 %
PUBLIC STORAGE 2.8 %
GOODMAN GROUP 2.4 %
CROWN CASTLE INTL CORP 2.3 %
Constituent Breakdown
Number of holdings470
Herfindahl-Hirschman Index 195
Wgt avg mkt cap (mns)$28,441
Large cap (>$10bn)65.4%
Mid cap ($2-10bn)26.1%
Small cap (<$2bn)8.6%
Developed mkts.98.4%
Emerging mkts.1.6%
Country Exposure
UNITED STATES 73.1 %
AUSTRALIA 5.9 %
JAPAN 4.7 %
BRITAIN 3.9 %
SINGAPORE 2.5 %
CANADA 1.0 %
FRANCE 0.9 %
BELGIUM 0.8 %
HONG KONG 0.8 %
NETHERLANDS 0.7 %
Historical Performance


Standardized Performance (as of 06/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns -2.9% 6.6% -- -- -- -- 4.2%
Volatility 15.3% 16.8% -- -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.2076%
MSCI EAFE1.0977%
MSCI Emg Mkts1.1065%
Liquidity Measures
Avg. volume (000)274
Turnover0.4%
Avg. Bid/Ask (% of price)0.07%
ADV of underlying (mns)$15,940
Technical Indicators
Recent close$26.40
30d moving avg.$25.00
Annualized volatility19.5%
Relative strength (RSI)52
Short interest (ETF)0.5%
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: DFGR 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 --%
6.5 15.9 1.5 4.2% --
Based on closing prices from 7/18/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

DFGR

6.3%

Cat. Avg

3.9%

Fund Category: Global

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.3%
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 352 funds in the Global category, with an average ALTAR Score™ of 3.9% and a standard deviation of 4.7%. DFGR's ALTAR Score™ is approximately 0.5 standard deviations above the category average. This places DFGR in the 69th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
DFGR
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown
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 4
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. 71.8 35.5 107.3
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .