DFAS
Dimensional U.S. Small Cap ETF
DFAS actively invests in small-cap US companies, selected using multiple factors and weighted by market capitalization.
US
EQUITY
Active
MANAGEMENT STYLE
9.3 B
ASSETS UNDER MGMT
26 bp
EXPENSES
Fund Basics
| Fund sponsor | Dimensional Fund Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 14, 2021 |
| Assets (mns) | $9,320 |
| Expense ratio | 26 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 +
| CASH AND CASH EQUIVALENTS | 2.4 % |
| FRANK'S INTERNATIONAL NV | 0.6 % |
| SPROUTS FARMERS MARKET INC | 0.4 % |
| CRANE HOLDINGS, CO. | 0.4 % |
| FABRINET | 0.3 % |
| CIENA CORP | 0.3 % |
| SOUTH STATE CORP | 0.3 % |
| WINTRUST FINANCIAL CORP | 0.3 % |
| ENSIGN GROUP INC/THE | 0.3 % |
| BELLRING BRANDS, INC. CLASS A | 0.2 % |
Constituent Breakdown
| Number of holdings | 2059 |
| Herfindahl-Hirschman Index | 16 |
| Wgt avg mkt cap (mns) | $5,323 |
| Large cap (>$10bn) | 9.1% |
| Mid cap ($2-10bn) | 72.6% |
| Small cap (<$2bn) | 18.2% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 92.8 % |
 |
BERMUDA | 1.3 % |
 |
NETHERLANDS | 0.7 % |
 |
BRITAIN | 0.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.4% | 32.6% | 15.1% | 8.3% | -- | -- | 8.2% | Volatility | 18.3% | 19.1% | 19.1% | 21.3% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.06 | 72% |
| MSCI EAFE | 1.00 | 62% |
| MSCI Emg Mkts | 0.67 | 28% |
Liquidity Measures
| Avg. volume (000) | 377 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.08% |
| ADV of underlying (mns) | $47,371 |
Technical Indicators
| Recent close | $65.00 |
| 30d moving avg. | $69.46 |
| Annualized volatility | 22.0% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.5% |
| 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. DFAS |
Expenses vs. DFAS |
ALTAR Score™ vs. DFAS |
|---|---|---|---|---|
| ISCB | iShares Morningstar Small-Cap ETF | 66.5% | -22 bp | -0.8% |
| SCHA | Schwab U.S. Small-Cap ETF | 63.7% | -22 bp | -1.1% |
| RSSL | Global X Russell 2000 ETF | 59.5% | -18 bp | -3.1% |
| VTWO | Vanguard Russell 2000 ETF | 58.0% | -16 bp | -2.8% |
| IWM | iShares Russell 2000 ETF | 57.9% | -7 bp | -2.8% |
| ISCV | iShares Morningstar Small Cap Value ETF | 53.9% | -20 bp | +1.8% |
| ESML | iShares ESG Aware MSCI USA Small-Cap ETF | 52.9% | -9 bp | -0.9% |
| VB | Vanguard Small-Cap ETF | 50.4% | -21 bp | -0.7% |
| DFAT | Dimensional U.S. Targeted Value ETF | 48.7% | +2 bp | +2.4% |
| GSSC | Goldman Sachs Activebeta U.S. Small Cap Equity ETF | 48.5% | -6 bp | -1.0% |
Risk and Returns: DFAS 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 12/18/2024
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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
DFAS
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™
DFAS
5.8%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. DFAS's ALTAR Score™ is approximately
0.1 standard deviations
above
the category average. This places DFAS in the 52nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFASSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| DFAS (26 bp) Percentile rank | 14 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFAS | 26.0 | 8.1 | 34.1 |
| Peer Avg. | 44.4 | 19.4 | 63.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .