DFUS
Dimensional U.S. Equity ETF
DFUS actively selects US equities of all sizes weighted by market capitalization in seeking to provide long-term capital appreciation.
US
EQUITY
Active
MANAGEMENT STYLE
9 bp
EXPENSES
$9.7 B
ASSETS UNDER MGMT
Fund Basics
| Fund sponsor | Dimensional Fund Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 14, 2021 |
| Assets (mns) | $9,657 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| 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 +
| APPLE INC | 6.5 % |
| MICROSOFT CORP | 6.1 % |
| NVIDIA CORP | 5.7 % |
| AMAZON.COM INC | 3.4 % |
| META PLATFORMS INC | 2.1 % |
| ALPHABET INC. CLASS A | 1.9 % |
| ALPHABET INC. CLASS C | 1.9 % |
| BERKSHIRE HATHAWAY INC-CL B | 1.6 % |
| BROADCOM INC. | 1.4 % |
| ELI LILLY & CO | 1.4 % |
Constituent Breakdown
| Number of holdings | 2526 |
| Herfindahl-Hirschman Index | 173 |
| Wgt avg mkt cap (mns) | $790,489 |
| Large cap (>$10bn) | 93.0% |
| Mid cap ($2-10bn) | 5.5% |
| Small cap (<$2bn) | 1.3% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 96.4 % |
 |
IRELAND | 1.4 % |
 |
BRITAIN | 0.7 % |
Historical Performance
Standardized Performance (as of 06/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.1% | 24.2% | 22.1% | -- | -- | -- | 8.8% | Volatility | 11.5% | 11.7% | 17.0% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 99% |
| MSCI EAFE | 0.89 | 75% |
| MSCI Emg Mkts | 0.68 | 43% |
Liquidity Measures
| Avg. volume (000) | 258 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $633,519 |
Technical Indicators
| Recent close | $58.56 |
| 30d moving avg. | $59.79 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 63 |
| 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. DFUS |
Expenses vs. DFUS |
ALTAR Score™ vs. DFUS |
|---|---|---|---|---|
| ITOT | iShares Core S&P Total U.S. Stock Market ETF | 94.9% | -6 bp | 0.0% |
| IYY | iShares Dow Jones U.S. ETF | 94.8% | +11 bp | -0.1% |
| IWV | iShares Russell 3000 ETF | 94.7% | +11 bp | -0.2% |
| SPTM | SPDR Portfolio S&P 1500 Composite Stock Market ETF | 94.5% | -6 bp | +0.2% |
| IWB | iShares Russell 1000 ETF | 94.4% | +6 bp | 0.0% |
| SCHK | Schwab 1000 Index ETF | 93.7% | -4 bp | +0.1% |
| SCHB | Schwab U.S. Broad Market ETF | 93.7% | -6 bp | +0.0% |
| GUSA | Goldman Sachs MarketBeta U.S. 1000 Equity ETF | 92.5% | +2 bp | +0.1% |
| SCHX | Schwab U.S. Large-Cap ETF | 92.1% | -6 bp | +0.1% |
| ILCB | iShares Morningstar U.S. Equity ETF | 91.8% | -6 bp | +0.1% |
Risk and Returns: DFUS 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 7/25/2024
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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
DFUS
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™
DFUS
5.1%
Cat. Avg
5.7%
Fund Category: US
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.1% |
Recommendation
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.
Category Overview
There are 899 funds in the US category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.4%. DFUS's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places DFUS in the 40th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DFUS
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| DFUS (9 bp) Percentile rank | 6 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFUS | 9.0 | 4.1 | 13.1 |
| Peer Avg. | 53.9 | 22.2 | 76.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .