DFIS
Dimensional International Small Cap ETF
DFIS actively invests in a broad and diverse portfolio of small-cap companies in developed markets outside the US, selected and weighted by market capitalization, in aim of long-term capital appreciation.
International
EQUITY
Active
MANAGEMENT STYLE
2.2 B
ASSETS UNDER MGMT
39 bp
EXPENSES
Fund Basics
| Fund sponsor | Dimensional Holdings |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 23, 2022 |
| Assets (mns) | $2,154 |
| Expense ratio | 39 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 | 12.7 % |
| FILTRONA PLC | 3.0 % |
| GEA GROUP AG | 0.4 % |
| BAWAG GROUP AG | 0.4 % |
| LEG IMMOBILIEN AG | 0.4 % |
| BELIMO HOLDING AG | 0.4 % |
| BANCA POPOL EMILIA ROMAGNA | 0.3 % |
| BOVIS HOMES GROUP PLC | 0.3 % |
| BARNES GROUP INC | 0.3 % |
| GAZTRANSPORT & TECHNIGAZ SA | 0.3 % |
Constituent Breakdown
| Number of holdings | 3450 |
| Herfindahl-Hirschman Index | 180 |
| Wgt avg mkt cap (mns) | $4,514 |
| Large cap (>$10bn) | 4.3% |
| Mid cap ($2-10bn) | 55.3% |
| Small cap (<$2bn) | 40.2% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.3% |
Country Exposure
 |
JAPAN | 19.1 % |
 |
BRITAIN | 13.8 % |
 |
CANADA | 9.2 % |
 |
SWITZERLAND | 6.5 % |
 |
AUSTRALIA | 6.0 % |
 |
GERMANY | 5.0 % |
 |
FRANCE | 4.3 % |
 |
ITALY | 3.9 % |
 |
FINLAND | 2.3 % |
 |
NETHERLANDS | 2.2 % |
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% | 23.5% | 17.1% | -- | -- | -- | 3.3% | Volatility | 14.0% | 14.3% | 15.3% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.94 | 73% |
| MSCI EAFE | 1.06 | 96% |
| MSCI Emg Mkts | 0.86 | 65% |
Liquidity Measures
| Avg. volume (000) | 531 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.06% |
| ADV of underlying (mns) | $13,073 |
Technical Indicators
| Recent close | $24.96 |
| 30d moving avg. | $26.17 |
| Annualized volatility | 19.7% |
| Relative strength (RSI) | 46 |
| 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. DFIS |
Expenses vs. DFIS |
ALTAR Score™ vs. DFIS |
|---|---|---|---|---|
| SCZ | iShares MSCI EAFE Small-Cap ETF | 47.8% | +1 bp | -0.3% |
| SCHC | Schwab International Small-Cap Equity ETF | 43.3% | -28 bp | -0.3% |
| PDN | Invesco FTSE RAFI Developed Markets ex-US Small-Mid ETF | 39.9% | +10 bp | +0.1% |
| DISV | Dimensional International Small Cap Value ETF | 39.3% | +3 bp | +2.3% |
| FNDC | Schwab Fundamental International Small Co. Index ETF | 39.0% | 0 bp | +0.3% |
| IEUS | iShares MSCI Europe Small-Cap ETF | 38.0% | +3 bp | -0.4% |
| VSS | Vanguard FTSE All-World ex-US Small-Cap ETF | 34.7% | -32 bp | -0.2% |
| GWX | SPDR S&P International Small Cap ETF | 30.7% | +1 bp | -0.4% |
| ISCF | iShares International SmallCap Equity Factor ETF | 29.2% | -16 bp | +2.2% |
| DLS | WisdomTree International SmallCap Dividend Fund | 25.5% | +19 bp | +2.0% |
Risk and Returns: DFIS 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 11/22/2024
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
DFIS
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™
DFIS
6.8%
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%. DFIS's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places DFIS in the 42nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFISSELL
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 |
| DFIS (39 bp) Percentile rank | 23 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFIS | 39.0 | 6.1 | 45.1 |
| Peer Avg. | 62.5 | 29.6 | 92.1 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .