DFAR

Dimensional US Real Estate ETF

DFAR is actively managed to invest in US companies whose principal activities are engaged in the broad real estate sector, including REITs. Portfolio holdings are weighted by market capitalization.


US

EQUITY

Active

MANAGEMENT STYLE

1.2 B

ASSETS UNDER MGMT

19 bp

EXPENSES
Fund Basics
Fund sponsorDimensional Holdings
CategoryUS
Asset classEquity
Websitelink...
Inception dateFeb 23, 2022
Assets (mns)$1,186
Expense ratio19 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
PROLOGIS INC 7.8 %
AMERICAN TOWER CORP-CL A 7.5 %
EQUINIX INC 6.3 %
WELLTOWER, INC. 4.8 %
DIGITAL REALTY TRUST INC 4.3 %
SIMON PROPERTY GROUP INC 4.1 %
REALTY INCOME CORP 3.9 %
PUBLIC STORAGE 3.9 %
CROWN CASTLE INTL CORP 3.4 %
IRON MOUNTAIN INC 2.7 %
Constituent Breakdown
Number of holdings133
Herfindahl-Hirschman Index 323
Wgt avg mkt cap (mns)$41,032
Large cap (>$10bn)81.6%
Mid cap ($2-10bn)15.6%
Small cap (<$2bn)2.8%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 99.0 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 14.3% 36.3% 15.6% -- -- -- 3.5%
Volatility 17.1% 18.3% 21.3% -- -- -- --
Market Correlations
versus...BetaR-squared
S&P 5001.0172%
MSCI EAFE1.0069%
MSCI Emg Mkts0.7945%
Liquidity Measures
Avg. volume (000)107
Turnover0.2%
Avg. Bid/Ask (% of price)0.07%
ADV of underlying (mns)$9,884
Technical Indicators
Recent close$25.09
30d moving avg.$25.23
Annualized volatility21.7%
Relative strength (RSI)53
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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Risk and Returns: DFAR 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 --%
6.5 16.7 2.1 3.8% --
Based on closing prices from 10/29/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DFAR



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

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

DFAR

6.2%

Cat. Avg

5.6%


ALTAR Score™ Calculation

Category Overview
There are 949 funds in the US Equity category, with an average ALTAR Score™ of 5.6% and a standard deviation of 2.5%. DFAR's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places DFAR in the 61st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

DFAR
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
US Equity ETFs
# of ETFs 308
Avg. Expense Ratio 67.1 bp
Std. Deviation 37 bp
DFAR (19 bp) Percentile rank 10
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DFAR 19.0 6.9 25.9
Peer Avg. 67.7 50.3 118.0
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .