Dimensional - US Targeted Value ETF
$68.25−0.24 (−0.36%)
- Expense ratio
- 0.28%
- Fund size
- $14.1B
- 1Y return
- +18.4%
- Yield · Last 12 months
- 1.40%
- Holdings
- 1527
- Volume · 30D
- 0.3M sh
- NAV per share
- $68.45
- 52W range
The ETF.net DFAT Grade
Score 45 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 34Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.FScore 23Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 56Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 81Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
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
- 1,527
- 7%
- CNH
Sectors
- Financials29.0%
- Industrials15.4%
- Consumer Discr.14.7%
- Energy11.4%
- Technology7.6%
- Cons. Staples7.1%
- Health Care7.1%
- Materials4.3%
- Communication2.1%
- Real Estate1.0%
- Utilities0.4%
Geography
- United States92.72%
- Bermuda3.34%
- United Kingdom1.27%
- Puerto Rico0.78%
- Ireland0.62%
- Monaco0.33%
- Switzerland0.28%
- Canada0.20%
- 0.44%
DFAT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +15.8% |
| 1 month | −4.4% |
| 3 months | +0.2% |
| 1 year | +18.4% |
| 3 years | +16.3% |
| 5 years | +10.9% |
| 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 | +15.8% | |
| 2025 | +8.7% | |
| 2024 | +7.8% | |
| 2023 | +20.8% | |
| 2022 | −6.2% | |
| 2021 | +5.1% |
DFAT in the news
ETF.net Research hasn’t filed on DFAT yet — coverage lands here as it’s written.
DFAT Dividends
- 1.40%
- $0.96
- $0.23 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 23, 2026 | Jun 25, 2026 | $0.23 |
| Mar 24, 2026 | Mar 26, 2026 | $0.21 |
| Dec 16, 2025 | Dec 18, 2025 | $0.24 |
| Sep 23, 2025 | Sep 25, 2025 | $0.28 |
| Jun 24, 2025 | Jun 26, 2025 | $0.24 |
| Mar 25, 2025 | Mar 27, 2025 | $0.16 |
| Dec 17, 2024 | Dec 19, 2024 | $0.21 |
| Sep 17, 2024 | Sep 19, 2024 | $0.20 |
| Jun 18, 2024 | Jun 20, 2024 | $0.21 |
| Mar 19, 2024 | Mar 22, 2024 | $0.11 |
| Dec 19, 2023 | Dec 22, 2023 | $0.20 |
| Sep 19, 2023 | Sep 22, 2023 | $0.17 |
DFAT Risk
- 18.3%
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.
- 0.63
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.
- 0.97
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
- The middle half of US Value Index funds
- Median 0.20%
25 of the 41 US Value Index funds charge less.