Dimensional - US Targeted Value ETF
$67.76+0.34 (+0.50%)
- 0.33%
- $30.1B
- +22.7%
- 1.38%
- 0.3M sh
- $67.31
- low $55.12high $72.81
The ETF.net DFAT Grade
C
Score 44 out of 100
- 33 of 40
Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D33 out of 100Rank 27 of 40Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F24 out of 100Rank 31 of 39Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 16 of 40Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 7 of 40Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 5 of 40
Our read on DFAT
CA 1998-vintage tax-managed value strategy that became an ETF in 2021. Dimensional buys roughly 1,500 cheap-looking US small and mid caps with healthier profits, and runs the whole thing with one eye on your tax bill.
The fund seeks long-term capital appreciation while minimizing federal income taxes on its returns.
Why people hold it
- The mandate is unusual for a value fund: alongside long-term capital appreciation, the stated objective names minimizing federal income taxes on returns.dimensional.com
- Roughly 1,500 small and mid caps, picked on low price relative to book value plus higher profitability, then weighted by size. Breadth does the work, not concentrated bets.dimensional.com
- The strategy predates the wrapper. It ran as a Dimensional tax-managed mutual fund from 1998 and converted in the industry's largest mutual-fund-to-ETF switch in 2021.dimensional.comsec.gov
Worth knowing
- At 0.28%, it costs more than the typical US value ETF and several times index trackers like VTV (0.03%) or VTWV (0.06%). Active screening is what the extra buys.
- There's no index to score it against. Dimensional runs this actively, so assessing it means assessing the process, not tracking error.dimensional.com
- Small and mid caps sit at the center here, so it can behave quite differently from large-cap value peers like VTV over any given stretch.dimensional.com
DFAT Holdings
- Stocks
- 1,221
- 7%
- OVV
Sectors
- Financials29.0%
- Industrials15.5%
- Consumer Discretionary14.5%
- Energy11.3%
- Technology7.8%
- Health Care7.2%
- Consumer Staples6.8%
- Materials4.4%
- Communication2.2%
- Real Estate1.0%
- Utilities0.4%
Geography
- United States92.70%
- Bermuda3.30%
- United Kingdom1.29%
- Ireland0.73%
- Puerto Rico0.57%
- Monaco0.33%
- Switzerland0.28%
- Canada0.25%
- 0.54%
DFAT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
DFAT$12,268
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DFAT |
|---|---|
| Year to date | +14.4% |
| 1 month | −3.9% |
| 3 months | −2.9% |
| 1 year | +22.7% |
| 3 years | +16.4% |
| 5 years | +9.8% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DFAT |
|---|---|---|
| 2026 YTD | +14.4% | |
| 2025 | +8.7% | |
| 2024 | +7.8% | |
| 2023 | +20.8% | |
| 2022 | −6.2% | |
| 2021 | +5.1% |
DFAT in the news
Category Review
US multifactor funds ran 30 points apart
DFAT Dividends
- 1.38%
- $0.93
- $0.25 per share
- Quarterly
Distribution history
DFAT Risk
- 18.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.61
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.99
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DFAT Cost
0.33%
DFAT0.33%
- The middle half of US Value Index funds
- Median 0.20%
26 of the 40 US Value Index funds charge less.
Other funds in US Value Index
- CVFVAVanguard U.S. Value Factor ETFExpense ratio 0.13%1 year return +28.2%
- CVMAXHartford US Value ETFExpense ratio 0.29%1 year return +26.4%
- CFNKFirst Trust Mid Cap Value AlphaDEX FundExpense ratio 0.74%1 year return +15.9%
- CFYTFirst Trust Small Cap Value AlphaDEX FundExpense ratio 0.70%1 year return +30.2%
- CRZVInvesco S&P SmallCap 600 Pure Value ETFExpense ratio 0.35%1 year return +27.0%