DFAC vs EBI

DFACADimensional US Core Equity 2 ETF

EBIALongview Advantage ETF

In short

DFAC Dimensional's whole-market workhorse: roughly 2,600 US stocks in one ticker, run by managers who weigh federal tax consequences before they trade, at a fee closer to index funds than to active ones.

EBI A boutique take on the academic value-and-profitability playbook, with Dimensional alumni on the desk: an unconstrained all-cap US stock fund leaning toward cheaper, more profitable companies for 0.24% net of a waiver through December 31, 2026 (0.34% gross).

Stated mandate

DFAC The fund seeks long-term capital appreciation while considering federal income-tax implications in its investment decisions.

EBI The Fund seeks long-term capital appreciation through an actively managed investment approach.

Why people hold it

• DFAC 0.17% a year for an actively run fund, well under the median fee among active US equity ETFs.
• About 2,600 US stocks under one ticker, so it holds the market broadly rather than a narrow slice of it.
• Federal income-tax implications sit inside the stated objective, not in a footnote, so they factor into what managers buy and sell.
• A multi-billion-dollar fund with a track record running back to 2007 and one of the strongest implementations in its peer group.

• EBI Leans toward cheaper, more profitable companies: value measured by book/price, profitability by operating profits to book. Academic factors, run with active discretion, not an index.longviewresearchpartners.com
• 0.24% net of a waiver through December 31, 2026, and 0.34% gross. Below the category median and under DYNF's 0.26%, though above the Dimensional and Avantis cores.
• Owns well over a thousand US stocks, so no single name carries the fund.stockanalysis.com
• Cheap for its category, broadly diversified and steadily run: one of the stronger implementations in the active US equity crowd.

Worth knowing

• DFAC Actively managed, so there's no published index to check it against. Holdings and tilts shift at the managers' discretion.
• Dimensional's own DFAU runs a US core equity mandate for 0.12%, a slightly lighter fee for a similar shelf.
• All stocks, all US: the mandate is capital appreciation from equities, so it takes the market's full swings, and cash arrives quarterly.

• EBI Launched in February 2025, so the track record is short and spans no full market cycle.
• The 0.24% price tag rests on a waiver through December 31, 2026; the gross fee is 0.34% if it lapses.
• Thinly traded next to the category's giants, and distributions land once or twice a year rather than monthly.

Full DFAC profile⁠

Full EBI profile⁠