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DFMC

GradeANew York Stock Exchange Arca

U.S. Micro Cap Portfolio ETF

Active Equity · Dimensional · Inception 1981-12-23

$58.15−0.59 (−1.00%)

As of Sep 23, 2026, 1:43 PM EDT

History starts Mar 20, 2026.History starts Mar 20, 2026.
Intraday session: down, 13 prints from 58.73 to 58.15. Range 58.07 to 58.73. Use the arrow keys to read each point.$58.00$58.40$58.60$58.8010 AM12 PM2 PM4 PM
Expense ratio
0.43%
Fund size
$7.7B
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$58.68
52W range
low $49.08high $62.37

The ETF.net DFMC Grade

A

78/ 100

Rank 3 of 48 in US Active Small/Mid-Cap⁠

Confidence Medium

Six-pillar profile for DFMC. Scores out of 100: Cost 69, Risk 95, Mission not scored, Tradability 65, Holdings 92, Durability 99. Strongest: Durability (99). Weakest: Tradability (65). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 78 of 100 sits in the A 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.
    BScore 69
    Category rank15/48 · top 31%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 95
    Category rank2/44 · top 5%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 65
    Category rank14/48 · top 29%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 92
    Category rank1/48 · top 2%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 99
    Category rank1/48 · top 2%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on DFMC

ETF.net Research

ADimensional's micro-cap workhorse: a systematic sweep of the smallest US listed companies, a strategy dating to 1981, now in an ETF wrapper. Not an index tracker, and it charges less than the typical active US equity fund.

Stated mandate

The Portfolio seeks long-term capital appreciation.

Why people hold it

  1. 01Charges 0.43% a year, well under the median for active US equity funds, so the fee takes a smaller bite out of a hard-to-reach corner of the market.
  2. 02The strategy dates to 1981 and now runs as a multi-billion-dollar portfolio: an unusually long run for anything pointed at micro caps.
  3. 03Systematic rather than index-bound. Dimensional sifts the small end of the US market by its own rules instead of copying a published micro-cap benchmark.dimensional.com
  4. 04One of the stronger implementations among the active US equity funds we grade, with risk control and portfolio construction the standout pieces.

Worth knowing

  1. 01Thinly traded next to the big index names, so the cost of getting in and out can matter as much as the expense ratio, especially for larger orders.
  2. 02It costs more than Dimensional's broad-market siblings, DFAU at 0.12% and DFAC at 0.17%, which own far bigger, more liquid companies.
  3. 03Micro caps are the choppy end of the US market, and owning them is the entire job here. The mandate is long-term capital appreciation, not income.

DFMC Holdings

As of Sep 20, 2026, 6:51 AM
Asset class
Stocks
Holdings
—
Top-10 weight
4%
Largest holding
SSC GOVERNMENT MM GVMXX0.7%

Geography

  • United States95.77%
  • Bermuda1.89%
  • United Kingdom0.42%
  • Monaco0.33%
  • Ireland0.30%
  • Puerto Rico0.24%
  • Canada0.21%
  • Singapore0.21%
  • Other countries (7)0.61%
The fund’s holdings, weight-ordered — page 1 of 117.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—SSC GOVERNMENT MM GVMXX0.69%52,648,695$53M89
002FBPFIRST BANCORP PUERTO RICO COMMON STOCK USD.10.48%1,330,998$37M148
003CVSACOVISTA INC COMMON STOCK0.44%264,753$33M133
004PLXSPLEXUS CORP COMMON STOCK USD.010.40%123,611$30M139
005TXG10X GENOMICS INC CLASS A COMMON STOCK USD.000010.39%386,474$30M136
006AIRAAR CORP COMMON STOCK USD1.00.38%257,097$29M138
007LAURLAUREATE EDUCATION INC COMMON STOCK USD.0010.36%774,687$28M134
008ENVAENOVA INTERNATIONAL INC COMMON STOCK USD.000010.36%152,114$27M136
009USLMUNITED STATES LIME + MINERAL COMMON STOCK USD.10.35%234,787$27M104
010HURNHURON CONSULTING GROUP INC COMMON STOCK USD.010.33%159,461$25M92
011MTRNMATERION CORP COMMON STOCK0.33%99,969$25M139
012AGXARGAN INC COMMON STOCK USD.150.32%63,586$24M162
013AROCARCHROCK INC COMMON STOCK USD.010.28%673,059$21M159
014BFHBREAD FINANCIAL HOLDINGS INC COMMON STOCK USD.010.27%193,285$21M158
015MXLMAXLINEAR INC COMMON STOCK0.27%278,557$21M127

Showing 1–15 of 1741 holdings

DFMC Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DFMC$9,983
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. DFMC $9,983. SPY $10,415. Use the arrow keys to read each point.$9,728$10,197$10,666Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

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.

Trailing total return for DFMC. Periods over one year show the average yearly return.
PeriodDFMC
Year to dateHistory unavailable—
1 month−3.7%
3 months−0.2%
1 yearHistory unavailable—
3 yearsHistory unavailable—per year
5 yearsHistory unavailable—per year
10 yearsHistory unavailable—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DFMC
YearReturn barDFMC
2026 YTD+19.5%

History from Mar 20, 2026

DFMC in the news

ETF.net Research hasn’t filed on DFMC yet — coverage lands here as it’s written.

DFMC Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.13 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 29, 2026 $0.13. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 1, 2026$0.13

DFMC Risk

How much the fund’s monthly returns vary, scaled to a year.
—
No data available
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.

Return above 3-month US Treasury bills per unit of volatility.
—
No data available
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.

The largest fall from a peak to the low that followed.
—
No data available
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.

How strongly the fund’s returns move with its asset-class index.
0.53
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DFMC Cost

Expense ratio0.43%
  • The middle half of US Active Small/Mid-Cap funds
  • Median 0.55%

14 of the 47 US Active Small/Mid-Cap funds charge less.

DFMC costs $43.00 a year on $10,000. The median US Active Small/Mid-Cap fund costs $55.00.