DFIC
Dimensional International Core Equity 2 ETF
DFIC actively selects companies of all market capitalizations in developed markets outside the US. Holdings are fundamentally screened to emphasize relatively low-priced and profitable small-caps.
International
EQUITY
Active
MANAGEMENT STYLE
6.9 B
ASSETS UNDER MGMT
23 bp
EXPENSES
Fund Basics
| Fund sponsor | Dimensional Holdings |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 23, 2022 |
| Assets (mns) | $6,936 |
| Expense ratio | 23 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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 | 5.3 % |
| TOTAL SA | 0.9 % |
| NOVARTIS AG-ADR | 0.8 % |
| TOYOTA MOTOR CORP | 0.8 % |
| ROYAL BANK OF CANADA | 0.6 % |
| DEUTSCHE TELEKOM AG | 0.6 % |
| ASML HOLDING NV-NY REG SHS | 0.6 % |
| NOVO NORDISK A/S-B | 0.6 % |
| NESTLE SA-REG | 0.6 % |
| ROCHE HOLDING LTD | 0.5 % |
Constituent Breakdown
| Number of holdings | 4196 |
| Herfindahl-Hirschman Index | 43 |
| Wgt avg mkt cap (mns) | $45,255 |
| Large cap (>$10bn) | 59.6% |
| Mid cap ($2-10bn) | 28.6% |
| Small cap (<$2bn) | 10.7% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
JAPAN | 21.9 % |
 |
CANADA | 11.0 % |
 |
BRITAIN | 10.7 % |
 |
SWITZERLAND | 7.8 % |
 |
GERMANY | 7.3 % |
 |
FRANCE | 6.9 % |
 |
AUSTRALIA | 6.1 % |
 |
NETHERLANDS | 3.3 % |
 |
DENMARK | 2.8 % |
 |
ITALY | 2.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.8% | 21.7% | 18.2% | -- | -- | -- | 5.6% | Volatility | 12.6% | 12.8% | 14.2% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 74% |
| MSCI EAFE | 1.00 | 97% |
| MSCI Emg Mkts | 0.81 | 65% |
Liquidity Measures
| Avg. volume (000) | 770 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $93,121 |
Technical Indicators
| Recent close | $26.35 |
| 30d moving avg. | $27.55 |
| Annualized volatility | 18.5% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 0.4% |
| 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. DFIC |
Expenses vs. DFIC |
ALTAR Score™ vs. DFIC |
|---|---|---|---|---|
| DFAI | Dimensional International Core Equity Market ETF | 69.7% | -5 bp | -0.4% |
| DFSI | Dimensional International Sustainability Core 1 ETF | 66.7% | +1 bp | -1.3% |
| DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 59.1% | +7 bp | +0.3% |
| AVDE | Avantis International Equity ETF | 55.8% | 0 bp | +0.3% |
| IDEV | iShares Core MSCI International Developed Markets ETF | 54.1% | -19 bp | -0.6% |
| IEFA | iShares Core MSCI EAFE ETF | 53.5% | -16 bp | -0.6% |
| VEA | Vanguard FTSE Developed Markets ETF | 52.5% | -18 bp | -0.4% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 51.3% | -20 bp | -0.5% |
| AVSD | Avantis Responsible International Equity ETF | 49.9% | 0 bp | -0.6% |
| TLTD | FlexShares Morningstar Developed Markets ex-US Factor Tilt | 49.2% | +16 bp | -0.3% |
Risk and Returns: DFIC 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
DFIC
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™
DFIC
7.7%
Cat. Avg
7.3%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. DFIC's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places DFIC in the 56th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFICSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active International Equity ETFs |
| # of ETFs | 38 |
| Avg. Expense Ratio | 56.2 bp |
| Std. Deviation | 24 bp |
| DFIC (23 bp) Percentile rank | 8 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFIC | 23.0 | 4.3 | 27.3 |
| Peer Avg. | 42.7 | 43.1 | 85.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .