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
9.3 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) | $9,337 |
| 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 | 4.1 % |
| SHELL PLC-ADR | 1.0 % |
| NOVARTIS AG-ADR | 0.9 % |
| TOTAL SA | 0.8 % |
| TOYOTA MOTOR CORP | 0.7 % |
| ASML HOLDING NV-NY REG SHS | 0.6 % |
| ROYAL BANK OF CANADA | 0.6 % |
| DEUTSCHE TELEKOM AG | 0.6 % |
| NESTLE SA-REG | 0.6 % |
| ROCHE HOLDING LTD | 0.5 % |
Constituent Breakdown
| Number of holdings | 4158 |
| Herfindahl-Hirschman Index | 40 |
| Wgt avg mkt cap (mns) | $45,145 |
| Large cap (>$10bn) | 60.5% |
| Mid cap ($2-10bn) | 24.1% |
| Small cap (<$2bn) | 9.2% |
| Developed mkts. | 93.8% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
JAPAN | 20.9 % |
 |
CANADA | 10.8 % |
 |
BRITAIN | 10.2 % |
 |
GERMANY | 8.7 % |
 |
SWITZERLAND | 7.3 % |
 |
FRANCE | 7.1 % |
 |
AUSTRALIA | 5.7 % |
 |
NETHERLANDS | 3.4 % |
 |
ITALY | 3.2 % |
 |
SPAIN | 2.7 % |
Historical Performance
Standardized Performance (as of 05/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.9% | 11.4% | 14.0% | 8.4% | -- | -- | -- | 6.4% |
| Dividend Yield | 0.0% | 2.1% | 2.6% | 2.3% | -- | -- | -- | 2.1% |
| Total Returns | 17.9% | 13.5% | 16.5% | 10.7% | -- | -- | -- | 8.5% | Ann. Volatility | 20.4% | 16.8% | 14.7% | 16.7% | -- | -- | -- | 17.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.82 | 64% |
| MSCI EAFE | 0.90 | 81% |
| MSCI Emg Mkts | 0.76 | 57% |
Liquidity Measures
| Avg. volume (000) | 949 |
| ADV traded (mns) | $29 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
Technical Indicators
| Recent close | $30.84 |
| 30d moving avg. | $30.13 |
| Annualized volatility | 17.3% |
| Relative strength (RSI) | 64 |
| Short interest | 0.2% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| DFAI | Dimensional International Core Equity Market ETF | 69.4% | -5 bp | +7.3% |
| DFSI | Dimensional International Sustainability Core 1 ETF | 66.8% | +1 bp | +6.5% |
| DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 60.7% | +7 bp | +8.2% |
| AVDE | Avantis International Equity ETF | 55.9% | 0 bp | +7.7% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 53.8% | -19 bp | +7.1% |
| IEFA | iShares Core MSCI EAFE ETF | 52.9% | -16 bp | +7.2% |
| AVSD | Avantis Responsible International Equity ETF | 52.5% | 0 bp | +5.7% |
| VEA | Vanguard FTSE Developed Markets ETF | 52.3% | -18 bp | +7.3% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 50.8% | -20 bp | +7.2% |
| PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 48.9% | +22 bp | +8.9% |
Risk and Returns: 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 6/16/2025
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
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
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™
7.6%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 258 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
1.9%. 's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places in the 57th 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 |
| (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) |
|
|---|---|---|---|
| 23.0 | 0.0 | 23 | |
| Peer Avg. | 42.7 | 27.2 | 69.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .