BCIL vs DFIC: Grades, Fees and Holdings Compared

Bancreek International Large Cap ETF

BCILDNYSE Arca

Dimensional International Core Equity 2 ETF

DFICACboe

Overlap

2.3%by weight

Expense ratio

DFIC −0.58pt a year

BCIL0.80%DFIC0.22%

Avg volume · 30D

DFIC 437.1×the volume

BCIL4.23KDFIC1.85M

BCIL vs DFIC Performance

Oct 31, 2025 – Oct 30, 2026

−0.2%BCIL+16.8%DFIC

Expense ratio: BCIL 0.80%; DFIC 0.22%, better
Fund size: BCIL $90M; DFIC $15.3B
1Y total return: BCIL −0.2%; DFIC +16.8%, better
Yield (12M): BCIL 0.74%; DFIC 2.55%, better
Holdings: BCIL 31; DFIC 4152
Avg volume (30D): BCIL 4.23K sh; DFIC 1.85M sh, better
NAV per share: BCIL $28.85; DFIC $37.56
52W range

ETF.net Grade

Pillar letters and Scores for BCIL, DFIC, with each pillar’s weight
Pillar	BCIL	DFIC
Cost30% weight	F19	A98Higher
Mission25% weight	D30	A100Higher
Risk15% weight	D30	B69Higher
Tradability15% weight	D32	A81Higher
Holdings10% weight	D34	A91Higher
Durability5% weight	C40	A91Higher

Rank among International Active Equity funds

How we build Categories ›

Same Category. BCIL and DFIC are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds

See all 55 ›

DFIC ranks 1st and BCIL 51st of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 79
Rank 49DTXUGThornburg International Growth Fund ETFScore 28
Rank 51DBCILBancreek International Large Cap ETFScore 27
Rank 52DDUKXOcean Park International ETFScore 26

Our read on each fund

ETF.net Research

BCILDBancreek International Large Cap ETF

DFICADimensional International Core Equity 2 ETF

In short

BCIL A boutique quant shop's concentrated take on international large caps: screen the developed world for structurally advantaged business models, then own a few dozen of them. Active, focused, and priced like the specialist product it is.

DFIC No data

Stated mandate

BCIL The Fund seeks long-term capital appreciation.

DFIC No data

Why people hold it

BCIL Genuinely active and genuinely concentrated: a few dozen non-US large caps, not a sprawling index tracker wearing an active label.bancreeketfs.com
Stock picking runs on a quantitative framework hunting companies with structurally advantaged business models, so the selection process is systematic rather than gut feel.bancreeketfs.com bancreeketfs.com 2
Plain mandate, plainly stated: developed-market equity outside the US, seeking long-term capital appreciation, with distributions on a quarterly schedule.

DFIC No data

Worth knowing

BCIL 0.80% a year sits above the typical active international fund and well above systematic rivals like AVDE (0.23%) and DFIC (0.22%). You are paying for the model.
Launched in 2024, so there is no track record across a full market cycle. The fund also leans heavily on proprietary models and third-party data you cannot inspect.bancreeketfs.com
It is small and lightly traded next to the index giants in its category, so bid-ask spreads can add cost beyond the headline fee.

DFIC No data

Full BCIL profile⁠

Full DFIC profile⁠

BCIL vs DFIC Holdings

How BCIL and DFIC differ

Overlap by weight

2.3%

Shared holdings make up 80.6% of BCIL and 2.3% of DFIC.

Level by level

Holdings25 in both2.3%
Countryby domicile68.5%
Sector11 Sectors70.2%
Asset classEquity100%

Sector

Sector weights in BCIL and DFIC, widest gap first
Sector	More in BCILMore in DFIC	BCIL	DFIC
Financials	DFIC +14.4 points	7.4%	21.8%
Technology	BCIL +14.0 points	22.4%	8.4%
Materials	DFIC +8.0 points	3.0%	11.0%
Health Care	BCIL +5.7 points	12.9%	7.2%
Consumer Staples	BCIL +4.6 points	10.9%	6.3%
Energy	DFIC +4.5 points	3.3%	7.8%
Consumer Discretionary	BCIL +4.3 points	13.7%	9.4%
Real Estate	DFIC +1.6 points	0.0%	1.6%
Utilities	BCIL +1.1 points	4.3%	3.2%
Communication	DFIC +0.8 points	3.3%	4.1%
Industrials	DFIC +0.6 points	18.7%	19.3%

Country, concentration and asset class

Country by domicile

Country weights in BCIL and DFIC, widest gap first
Country	More in BCILMore in DFIC	BCIL	DFIC
South Korea	BCIL +12.2 points	12.2%	0.0%
Japan	DFIC +7.6 points	16.8%	24.4%
United Kingdom	BCIL +6.0 points	17.4%	11.4%
Germany	DFIC +4.3 points	3.0%	7.3%
Switzerland	DFIC +3.9 points	4.1%	8.0%
Belgium	BCIL +3.9 points	5.0%	1.1%
Netherlands	DFIC +3.6 points	0.0%	3.6%
Italy	BCIL +3.6 points	6.9%	3.3%
Other countries (21)	DFIC +6.3 points	34.5%	40.8%

Outside the US: BCIL 84% developed, 16% emerging. DFIC 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

BCIL40.6%
DFIC7.1%

Securities held

BCIL30
DFIC4,131

Asset class

BCIL: Equity
DFIC: Equity

Holdings

Only in BCIL5
In both25
Only in DFIC4,106

Only in BCIL

5 securities, 18.9% of BCIL by weight

Sk Hynix Inc4.82%
TELE2 Ab-B Shs3.85%
Sk Square Co Ltd3.73%
Samyang Foods Co Ltd3.62%
Singapore Exchange Ltd2.88%

Only in DFIC

4,106 securities, 97.3% of DFIC by weight

Shell PLC1.15%
Asml Holding NV1.09%
Totalenergies SE0.76%
Novartis AG Adr0.76%
Roche Holding AG0.70%
Nestle SA0.64%
Royal Bank of Canada0.64%
Allianz SE0.49%
Toyota Motor Corp0.46%
Bp PLC0.44%
Banco Bilbao Vizcaya Arge0.41%
Suncor Energy Inc.0.41%
Bhp Group Ltd0.39%
Hsbc Holdings PLC0.39%
Deutsche Telekom AG0.38%
Canadian Natural Resource0.37%
Toronto-Dominion Bank0.37%
Bayer AG0.36%
Mitsubishi Ufj Financial0.36%
Unicredit Spa0.34%
Sony Group Corp0.33%
Basf SE0.33%
Astrazeneca PLC0.33%
Hitachi Ltd0.31%
Tesco PLC0.31%
Infineon Technologies AG0.31%
Dhl AG0.30%
Recruit Holdings Co Ltd0.30%
Eni Spa0.30%
E.on SE0.29%
Rio Tinto PLC0.29%
Engie SA0.28%
Cenovus Energy Inc0.27%
Repsol SA0.27%
Siemens AG0.26%
Orange SA0.26%
National Bank of Canada0.25%
Muenchener Rueckversicher0.25%
Bhp Group Ltd0.25%
Tokyo Electron Ltd0.24%
Siemens Energy AG0.24%
Intact Financial Corp0.24%
Dbs Group Holdings Ltd0.23%
Standard Chartered PLC0.23%
Zurich Insurance Group AG0.23%
Barrick Mining Corp0.23%
Vinci SA0.22%
Barclays PLC0.22%
Tokio Marine Holdings Inc0.22%
Cie De Saint-Gobain0.22%

Weight gaps

All 25 Holdings in both funds, largest gap first.

Holding weights in BCIL and DFIC, widest gap first
Holding	More in BCILMore in DFIC	BCIL	DFIC
Ucb SA	BCIL +4.82 points	4.95%	0.13%
Novartis Ag-Reg	BCIL +3.99 points	4.06%	0.07%
Advantest Corp Ord	BCIL +3.93 points	4.26%	0.33%
Italgas Spa	BCIL +3.88 points	3.92%	0.04%
Codan Ltd	BCIL +3.67 points	3.70%	0.03%
Asics Corp	BCIL +3.62 points	3.70%	0.08%
Menora Mivtachim Holdings Lt	BCIL +3.58 points	3.60%	0.02%
Kandenko Co Ltd	BCIL +3.02 points	3.05%	0.03%
Hochtief AG	BCIL +2.97 points	3.01%	0.04%
Indra Sistemas SA	BCIL +2.96 points	3.04%	0.08%
Cgi Inc	BCIL +2.95 points	2.95%	<0.01%
Banca Generali Spa	BCIL +2.94 points	2.98%	0.04%
Quebecor Inc -Cl B	BCIL +2.92 points	2.99%	0.07%
Relx PLCREL.L	BCIL +2.91 points	2.91%	<0.01%
Next PLCNXT.L	BCIL +2.86 points	2.95%	0.09%
British American Tobacco PLCBATS.L	BCIL +2.81 points	2.98%	0.17%
Sigma Healthcare Ltd	BCIL +2.80 points	2.82%	0.02%
Dollarama Inc	BCIL +2.80 points	2.94%	0.14%
Diploma PLCDPLM.L	BCIL +2.79 points	2.85%	0.06%
Fujikura Ltd	BCIL +2.79 points	2.93%	0.14%
Lundin Gold Inc	BCIL +2.76 points	2.80%	0.04%
Games Workshop Group PLCGAW.L	BCIL +2.73 points	2.81%	0.08%
Sumitomo Electric Industries Ltd	BCIL +2.71 points	2.82%	0.11%
Gaztransport Et Techniga SA	BCIL +2.68 points	2.76%	0.08%
Rolls-Royce Holdings PLCRR.L	BCIL +2.44 points	2.83%	0.39%

All 30 BCIL holdings⁠All 4,139 DFIC holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BCIL vs DFIC Cost

Overpaying BCIL vs DFIC

$10,788

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

BCIL 0.80%
$15,346
DFIC 0.22%
$4,558

Amount$10,000

Years30 years

Cost over time

BCIL 0.80%
DFIC 0.22%
Overpaying

Year by year

Year	BCIL	DFIC	Overpaying
10	$1,422	$401	$1,021
20	$5,393	$1,561	$3,832
30	$15,346	$4,558	$10,788

Expense ratio

0.80%BCIL
0.22%DFIC, cheaper

DFIC0.22%BCIL0.80%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

BCIL 43rd cheapest of 55 funds

BCIL vs DFIC Dividends

Last 12 months to Oct 30, 2026

Yield (12M): BCIL 0.74%; DFIC 2.55%, better
Payout (12M): BCIL $0.21; DFIC $0.96
Last payment: BCIL $0.04; DFIC $0.19
Ex-dividend: BCIL Sep 28, 2026; DFIC Sep 22, 2026
Paid on: BCIL Sep 30, 2026; DFIC Sep 24, 2026
Frequency: BCIL Quarterly; DFIC Quarterly

Distribution history

Per share, 2022 to 2026, same scale for both

BCILQuarterly · 9 paymentsAll BCIL payments⁠

DFICQuarterly · 18 paymentsAll DFIC payments⁠

BCIL vs DFIC Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: BCIL 15.4%since Apr 2024DFIC 11.9%
Return per unit of riskSharpe ratio, 3 years: BCIL 0.14since Apr 2024DFIC 1.35
Worst fallMax drawdown, 5 years: BCIL −16.2%since Mar 2024DFIC −24.4%since Mar 2022
Market sensitivityBeta, 5 years: BCIL 0.79DFIC 0.92; Market = 1

BCIL and DFIC in the news

All news⁠

ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026DFIC

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BCIL vs DFIC

In short

Stated mandate

Why people hold it

Worth knowing

How BCIL and DFIC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BCIL

Only in DFIC

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank

How BCIL and DFIC differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in BCIL

Only in DFIC

Weight gaps