DFAT
Dimensional U.S. Targeted Value ETF
DFAT is an active, tax-managed fund that seeks to provide long-term capital appreciation from a portfolio of US mid and small-cap value stocks.
US
EQUITY
Active
MANAGEMENT STYLE
11.5 B
ASSETS UNDER MGMT
28 bp
EXPENSES
Fund Basics
| Fund sponsor | Dimensional Fund Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 14, 2021 |
| Assets (mns) | $11,480 |
| Expense ratio | 28 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 | 2.0 % |
| CHESAPEAKE ENERGY CORP | 1.1 % |
| FRANK'S INTERNATIONAL NV | 1.0 % |
| UNUM GROUP | 0.7 % |
| TAYLOR MORRISON HOME CORP-A | 0.5 % |
| FIRST HORIZON NATIONAL CORP | 0.5 % |
| SYNNEX CORP | 0.5 % |
| LITHIA MOTORS INC-CL A | 0.5 % |
| WESCO INTERNATIONAL INC | 0.5 % |
| REGAL BELOIT CORP | 0.5 % |
Constituent Breakdown
| Number of holdings | 1525 |
| Herfindahl-Hirschman Index | 27 |
| Wgt avg mkt cap (mns) | $4,976 |
| Large cap (>$10bn) | 10.3% |
| Mid cap ($2-10bn) | 64.6% |
| Small cap (<$2bn) | 25.2% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
UNITED STATES | 91.4 % |
 |
BERMUDA | 2.3 % |
 |
NETHERLANDS | 1.1 % |
 |
BRITAIN | 1.0 % |
 |
PUERTO RICO | 0.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.6% | 28.3% | 12.9% | 7.3% | -- | -- | 8.5% | Volatility | 18.7% | 19.7% | 20.2% | 21.9% | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.02 | 63% |
| MSCI EAFE | 1.02 | 64% |
| MSCI Emg Mkts | 0.72 | 31% |
Liquidity Measures
| Avg. volume (000) | 251 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.10% |
| ADV of underlying (mns) | $29,100 |
Technical Indicators
| Recent close | $59.22 |
| 30d moving avg. | $55.31 |
| Annualized volatility | 22.4% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.2% |
| 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. DFAT |
Expenses vs. DFAT |
ALTAR Score™ vs. DFAT |
|---|---|---|---|---|
| DFSV | Dimensional US Small Cap Value ETF | 68.4% | +3 bp | +0.5% |
| ISCV | iShares Morningstar Small Cap Value ETF | 49.7% | -22 bp | -0.5% |
| DFAS | Dimensional U.S. Small Cap ETF | 48.9% | -2 bp | -2.2% |
| IWN | iShares Russell 2000 Value ETF | 47.7% | -4 bp | -2.9% |
| VTWV | Vanguard Russell 2000 Value ETF | 47.6% | -13 bp | -2.8% |
| AVUV | Avantis U.S. Small Cap Value ETF | 40.7% | -3 bp | +1.1% |
| VBR | Vanguard Small Cap Value ETF | 40.0% | -21 bp | +0.1% |
| RSSL | Global X Russell 2000 ETF | 38.6% | -20 bp | -5.1% |
| IWM | iShares Russell 2000 ETF | 37.9% | -9 bp | -4.9% |
| VTWO | Vanguard Russell 2000 ETF | 37.7% | -18 bp | -4.8% |
Risk and Returns: DFAT 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 11/21/2024
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
DFAT
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
DFAT
7.6%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. DFAT's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places DFAT in the 83rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFATSELL
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 |
| DFAT (28 bp) Percentile rank | 15 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFAT | 28.0 | 9.7 | 37.7 |
| Peer Avg. | 42.5 | 19.0 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .