DFSE

Dimensional Emerging Markets Sustainability Core 1 ETF

DFSE is an actively managed ETF that aims to invest in a portfolio of emerging market equities across all market-caps with perceived high profitability and positive sustainability characteristics.


Emerging Market

EQUITY

Active

MANAGEMENT STYLE

374.3 M

ASSETS UNDER MGMT

41 bp

EXPENSES
Fund Basics
Fund sponsorDimensional
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateNov 01, 2022
Assets (mns)$374
Expense ratio41 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
CASH AND CASH EQUIVALENTS 9.3 %
TAIWAN SEMICONDUCTOR MANUFAC 4.1 %
TENCENT HOLDINGS LTD 3.7 %
NATURAL RESOURCE PARTNERS LP 1.9 %
ALIBABA GROUP HOLDING LTD. 1.5 %
SAMSUNG ELECTR-GDR REGS 0.9 %
MEITUAN DIANPING 0.8 %
CHINA CONSTRUCTION BANK-H 0.8 %
XIAOMI CORP. CLASS B 0.8 %
ICICI BANK LTD-SPON ADR 0.8 %
Constituent Breakdown
Number of holdings4275
Herfindahl-Hirschman Index 130
Wgt avg mkt cap (mns)$89,844
Large cap (>$10bn)52.3%
Mid cap ($2-10bn)32.9%
Small cap (<$2bn)14.0%
Developed mkts.9.0%
Emerging mkts.90.9%
Country Exposure
CHINA 24.1 %
TAIWAN 16.2 %
INDIA 15.8 %
SOUTH KOREA 9.9 %
BRAZIL 3.5 %
SAUDI ARABIA 3.0 %
HONG KONG 3.0 %
SOUTH AFRICA 2.3 %
UNITED STATES 1.9 %
MEXICO 1.7 %
Historical Performance


Standardized Performance (as of 03/31/2025)
 YTD1 YR2 YR3 YR5 YR10 YR20 YRIncep.
Price Returns 1.4% 6.4% 8.0% -- -- -- -- 12.9%
Dividend Yield 0.3% -0.3% -8.0% -- -- -- -- -3.3%
Total Returns 1.7% 6.1% -- -- -- -- -- 9.6%
Ann. Volatility 14.3% 16.5% 15.7% -- -- -- -- 16.1%
Market Correlations
versus...BetaR-squared
S&P 5000.5841%
MSCI EAFE0.6557%
MSCI Emg Mkts0.9495%
Liquidity Measures
Avg. volume (000)59
Turnover0.5%
Avg. Bid/Ask (% of price)0.29%
ADV of underlying (mns)$79,219
Technical Indicators
Recent close$33.76
30d moving avg.$33.47
Annualized volatility12.2%
Relative strength (RSI)46
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)

Risk and Returns: DFSE 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
  2020 2021 2022 2023 2024 2025 2026  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  Fwd Est 2024 2025 2026
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 4/24/2025
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DFSE



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™

DFSE

9.6%

Cat. Avg

10.2%


ALTAR Score™ Calculation

Category Overview
There are 153 funds in the Emerging Equity category, with an average ALTAR Score™ of 10.2% and a standard deviation of 3.9%. DFSE's ALTAR Score™ is approximately 0.1 standard deviations below the category average. This places DFSE in the 44th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

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

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Emerging Market Equity ETFs
# of ETFs 22
Avg. Expense Ratio 60.3 bp
Std. Deviation 21.7 bp
DFSE (41 bp) Percentile rank 18
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DFSE 41.0 28.7 69.7
Peer Avg. 43.1 22.8 65.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .