AVRY vs DFAU

AVRYFAvory Foundational ETF

DFAUADimensional US Core Equity Market ETF

In short

AVRY Most "core" equity funds own hundreds of stocks. AVRY owns a couple dozen, chosen without a benchmark or a cash rule by a Miami boutique that runs concentrated portfolios. Core in intent, high-conviction in construction.

DFAU Active management priced like an index fund. Dimensional spreads across roughly 2,400 US stocks, then tilts the weights toward value, profitability and momentum instead of simply mirroring the Russell 3000.

Stated mandate

AVRY The Fund aims for long-term capital appreciation.

DFAU Seeks long-term capital appreciation. It uses an integrated research, portfolio-design, management, and trading process to build a broadly diversified portfolio of U.S. companies while balancing long-term return drivers, risk, shorter-term considerations, and trading costs.

Why people hold it

• AVRY Genuinely active, not index-shaped: the manager targets roughly 20 to 30 companies, with no benchmark to hug and no cash constraint, and publishes holdings daily.yahoo.com
• Non-diversified on purpose. It concentrates in US-listed companies above $500 million in market value, with room for ADRs and foreign names when the case is there.sec.gov
• Runs on EA Series Trust (ETF Architect), the white-label platform that gives a boutique stock-picker institutional custody, compliance and creation plumbing.sec.gov
• The mandate is long-term capital appreciation, so the payoff is meant to come from share prices rather than a distribution stream.

• DFAU Charges 0.12% a year, well under the 0.65% median for active US equity funds and the cheapest of the top-graded names in its group (AVLC, DFAC, FELC).
• Holds roughly 2,400 US companies, so no single name steers the fund. Whole-market coverage, not a concentrated bet.
• Active without the stock-picking drama: it leans weights toward value, profitability and momentum, using the Russell 3000 as its reference point rather than a rigid rulebook.
• A multi-billion-dollar fund that trades actively, and one of the strongest overall implementations in its active US equity peer group.

Worth knowing

• AVRY Costs 0.89% a year, above the 0.65% median for active US equity funds and multiples of what the top-graded names in the group charge (DFAU 0.12%, AVLC 0.15%, DFAC 0.17%).
• Launched in 2026 under a single named manager, so there is no long live track record, and the fund is still small and lightly traded.aaii.com
• Concentration cuts both ways: with a couple dozen positions and no index guardrails, one company's move moves the fund far more than in a broad core product.yahoo.comsec.gov

• DFAU Those tilts cut both ways: results can drift from a plain Russell 3000 fund for long stretches, in either direction.
• No published index behind it. The trade-off for flexibility is that you're buying Dimensional's process, not a public set of rules you can check line by line.
• Distributions land quarterly, not monthly, and the mandate is long-term capital appreciation rather than income.

Full AVRY profile⁠

Full DFAU profile⁠