DFIS
Dimensional International Small Cap ETF
DFIS actively invests in a broad and diverse portfolio of small-cap companies in developed markets outside the US, selected and weighted by market capitalization, in aim of long-term capital appreciation.
Fund Basics
| Fund sponsor | Dimensional Holdings |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 23, 2022 |
| Assets (mns) | $564 |
| Expense ratio | 39 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 +
| SWISS PRIME SITE-REG | 0.4 % |
| BANCO BPM SPA | 0.3 % |
| ADECCO SA-REG | 0.3 % |
| BALOISE HOLDING-REG | 0.3 % |
| HELVETIA HOLDING AG-REG | 0.3 % |
| ALAMOS GOLD INC. | 0.3 % |
| BELIMO HOLDING AG | 0.3 % |
| PSP SWISS PROPERTY AG-REG | 0.3 % |
| BE SEMICONDUCTOR INDUSTRIES | 0.3 % |
| BANCO DE SABADELL SA | 0.3 % |
Constituent Breakdown
| Number of holdings | 3280 |
| Herfindahl-Hirschman Index | 10 |
| Wgt avg mkt cap (mns) | $2,204 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 46.3% |
| Small cap (<$2bn) | 52.9% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.2% |
Country Exposure
 |
JAPAN | 22.0 % |
 |
CANADA | 11.0 % |
 |
BRITAIN | 10.2 % |
 |
SWITZERLAND | 7.4 % |
 |
AUSTRALIA | 5.7 % |
 |
GERMANY | 5.5 % |
 |
FRANCE | 4.5 % |
 |
ITALY | 3.8 % |
 |
DENMARK | 2.5 % |
 |
SWEDEN | 2.1 % |
Historical Performance
Standardized Annual Returns (as of 02/28/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 5.9% | -- | -- | -- | -- | -- | -7.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 121 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $5,363 |
Technical Indicators
| Recent close | $21.82 |
| 30d moving avg. | $22.90 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 34 |
| Short interest (ETF) | 0.0% |
| 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. DFIS |
Expenses vs. DFIS |
ALTAR Score™ vs. DFIS |
|---|---|---|---|---|
| SCZ | iShares MSCI EAFE Small-Cap ETF | 48.9% | 0 bp | +0.1% |
| SCHC | Schwab International Small-Cap Equity ETF | 44.3% | -28 bp | +0.2% |
| IEUS | iShares MSCI Europe Small-Cap ETF | 41.2% | +1 bp | -0.2% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 37.8% | +10 bp | -0.2% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 36.7% | 0 bp | +0.9% |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 36.4% | -32 bp | +0.5% |
| DISV | Dimensional International Small Cap Value ETF | 36.3% | +3 bp | +4.0% |
| GWX | SPDR S&P International Small Cap ETF | 33.5% | +1 bp | -0.2% |
| ISCF | iShares Edge MSCI Multifactor Intl Small-Cap ETF | 31.2% | +1 bp | +4.0% |
| DLS | WisdomTree International SmallCap Dividend Fund | 27.7% | +19 bp | +2.8% |
Risk and Returns: DFIS 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 3/17/2023
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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
DFIS
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™
DFIS
6.2%
Cat. Avg
8.2%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 6.2% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 272 funds in the International Equities category, with an average ALTAR Score™
of 8.2% and a standard deviation of
2.9%. DFIS's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places DFIS in the 25th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DFIS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
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) |
|
|---|---|---|---|
| DFIS | 39.0 | 9.2 | 48.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .