DFIC
Dimensional International Core Equity 2 ETF
DFIC actively selects companies of all market capitalizations in developed markets outside the US. Holdings are fundamentally screened to emphasize relatively low-priced and profitable small-caps.
International
EQUITY
Active
MANAGEMENT STYLE
7.0 B
ASSETS UNDER MGMT
23 bp
EXPENSES
Fund Basics
| Fund sponsor | Dimensional Holdings |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 23, 2022 |
| Assets (mns) | $6,961 |
| Expense ratio | 23 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 +
| CASH AND CASH EQUIVALENTS | 5.2 % |
| TOTAL SA | 0.9 % |
| NOVARTIS AG-ADR | 0.9 % |
| TOYOTA MOTOR CORP | 0.7 % |
| NOVO NORDISK A/S-B | 0.7 % |
| ASML HOLDING NV-NY REG SHS | 0.7 % |
| NESTLE SA-REG | 0.7 % |
| ROYAL BANK OF CANADA | 0.6 % |
| DEUTSCHE TELEKOM AG | 0.6 % |
| ROCHE HOLDING LTD | 0.6 % |
Constituent Breakdown
| Number of holdings | 4181 |
| Herfindahl-Hirschman Index | 42 |
| Wgt avg mkt cap (mns) | $48,084 |
| Large cap (>$10bn) | 60.4% |
| Mid cap ($2-10bn) | 28.4% |
| Small cap (<$2bn) | 10.1% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
JAPAN | 21.4 % |
 |
CANADA | 10.9 % |
 |
BRITAIN | 10.8 % |
 |
SWITZERLAND | 8.1 % |
 |
GERMANY | 7.4 % |
 |
FRANCE | 7.0 % |
 |
AUSTRALIA | 6.0 % |
 |
NETHERLANDS | 3.4 % |
 |
DENMARK | 3.0 % |
 |
ITALY | 2.7 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.4% | 24.7% | 24.9% | -- | -- | -- | 8.0% | Volatility | 11.3% | 12.4% | 16.6% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.88 | 75% |
| MSCI EAFE | 1.01 | 97% |
| MSCI Emg Mkts | 0.83 | 67% |
Liquidity Measures
| Avg. volume (000) | 739 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $91,350 |
Technical Indicators
| Recent close | $27.19 |
| 30d moving avg. | $27.53 |
| Annualized volatility | 18.8% |
| Relative strength (RSI) | 54 |
| 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)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DFIC |
Expenses vs. DFIC |
ALTAR Score™ vs. DFIC |
|---|---|---|---|---|
| DFAI | Dimensional International Core Equity Market ETF | 69.6% | -5 bp | -0.4% |
| DFSI | Dimensional International Sustainability Core 1 ETF | 66.8% | +1 bp | -1.3% |
| DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 59.7% | +7 bp | +0.3% |
| AVDE | Avantis International Equity ETF | 56.0% | 0 bp | +0.4% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 54.1% | -19 bp | -0.3% |
| IEFA | iShares Core MSCI EAFE ETF | 53.3% | -16 bp | -0.2% |
| VEA | Vanguard FTSE Developed Markets ETF | 52.4% | -18 bp | -0.4% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 51.1% | -20 bp | -0.2% |
| TLTD | FlexShares Morningstar Developed Markets ex-US Factor Tilt | 49.2% | +16 bp | -0.1% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 48.1% | +22 bp | +1.4% |
Risk and Returns: DFIC 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Peer Group Comparison Sample data. Subscribe for access.
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
DFIC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
DFIC
7.7%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 257 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.5%. DFIC's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places DFIC in the 55th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFICSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active International Equity ETFs |
| # of ETFs | 38 |
| Avg. Expense Ratio | 56.2 bp |
| Std. Deviation | 24 bp |
| DFIC (23 bp) Percentile rank | 7 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFIC | 23.0 | 4.3 | 27.3 |
| Peer Avg. | 43.9 | 35.3 | 79.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .