DFAE
Dimensional Emerging Core Equity Market ETF
DFAE actively selects emerging markets securities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
5.3 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Fund sponsor | Dimensional Holdings |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 02, 2020 |
| Assets (mns) | $5,279 |
| Expense ratio | 35 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 7.2 % |
| CASH AND CASH EQUIVALENTS | 6.3 % |
| TENCENT HOLDINGS LTD | 4.0 % |
| ALIBABA GROUP HOLDING LTD. | 2.0 % |
| SAMSUNG ELECTRONICS CO LTD | 1.9 % |
| NATURAL RESOURCE PARTNERS LP | 1.0 % |
| CHINA CONSTRUCTION BANK-H | 1.0 % |
| ICICI BANK LTD-SPON ADR | 0.8 % |
| XIAOMI CORP. CLASS B | 0.8 % |
| MEITUAN DIANPING | 0.8 % |
Constituent Breakdown
| Number of holdings | 6156 |
| Herfindahl-Hirschman Index | 133 |
| Wgt avg mkt cap (mns) | $132,925 |
| Large cap (>$10bn) | 66.2% |
| Mid cap ($2-10bn) | 24.6% |
| Small cap (<$2bn) | 8.3% |
| Developed mkts. | 6.5% |
| Emerging mkts. | 93.5% |
Country Exposure
 |
CHINA | 24.1 % |
 |
INDIA | 18.3 % |
 |
TAIWAN | 16.3 % |
 |
SOUTH KOREA | 9.2 % |
 |
SAUDI ARABIA | 3.7 % |
 |
BRAZIL | 3.6 % |
 |
SOUTH AFRICA | 2.7 % |
 |
HONG KONG | 2.2 % |
 |
MEXICO | 1.5 % |
 |
UAE | 1.4 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 1.2% | 6.5% | 7.3% | -1.3% | -- | -- | -- | 0.0% |
| Dividend Yield | 1.1% | 0.8% | 2.1% | 3.9% | -- | -- | -- | 1.2% |
| Total Returns | 2.3% | 7.2% | 9.4% | 2.6% | -- | -- | -- | 1.2% | Ann. Volatility | 14.4% | 15.0% | 14.6% | 17.3% | -- | -- | -- | 17.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 46% |
| MSCI EAFE | 0.79 | 67% |
| MSCI Emg Mkts | 0.96 | 97% |
Liquidity Measures
| Avg. volume (000) | 1,452 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $97,216 |
Technical Indicators
| Recent close | $25.89 |
| 30d moving avg. | $25.60 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 46 |
| 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. DFAE |
Expenses vs. DFAE |
ALTAR Score™ vs. DFAE |
|---|---|---|---|---|
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 73.7% | +3 bp | -0.2% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 72.2% | -26 bp | +0.8% |
| VWO | Vanguard FTSE Emerging Markets ETF | 68.1% | -27 bp | +0.8% |
| EEM | iShares MSCI Emerging Markets ETF | 67.8% | +34 bp | +0.6% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 67.4% | -24 bp | +0.5% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 67.2% | +31 bp | +0.2% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 66.4% | +1 bp | +0.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 66.0% | -20 bp | +0.6% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 65.4% | -5 bp | +0.7% |
| DFSE | Dimensional Emerging Markets Sustainability Core 1 ETF | 63.0% | +6 bp | -0.6% |
Risk and Returns: DFAE 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
| 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
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
| 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 4/24/2025
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
DFAE
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™
DFAE
10.3%
Cat. Avg
10.2%
ALTAR Score™ Calculation
Category Overview
There are 153 funds in the Emerging Equity category, with an average ALTAR Score™
of 10.2% and a standard deviation of
3.9%. DFAE's ALTAR Score™ is approximately
0.0 standard deviations
above
the category average. This places DFAE in the 51st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFAESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Emerging Market Equity ETFs |
| # of ETFs | 22 |
| Avg. Expense Ratio | 60.3 bp |
| Std. Deviation | 21.7 bp |
| DFAE (35 bp) Percentile rank | 12 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFAE | 35.0 | 4.8 | 39.8 |
| Peer Avg. | 43.1 | 22.8 | 65.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .