DFAC vs ROE

DFACADimensional US Core Equity 2 ETF

ROEBAstoria US Equal Weight Quality Kings 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.

ROE In most US quality funds, a few mega-caps run the show. Quality Kings screens American companies for quality and value, then weights what survives equally, so the screen picks the portfolio instead of market cap.

Stated mandate

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

ROE The Fund seeks long-term capital appreciation.

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.

• ROE Costs 0.49% a year, under the median for active US equity funds. Active screening at a price closer to plain-vanilla strategy funds.
• Equal weighting gives every holding the same starting slug, so one giant name can't quietly become the whole fund.
• Pairs a quality screen with a value screen, which keeps a hunt for profitable companies from turning into a basket of expensive ones.
• The portfolio build is the strongest piece here, and the fund sits in the upper tier of a large field of active US stock funds.

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.

• ROE Trades thinly next to the heavyweights in its category. Limit orders and avoiding the opening bell matter more here than in a mega-fund.
• Broad rivals cost far less: DFAU at 0.12% and AVLC at 0.15%. The extra fee buys the screen and the equal weighting, not broader coverage.
• Launched in 2023, so the live record is short. Equal weighting also means far less exposure to the largest US companies than a cap-weighted fund.

Full DFAC profile⁠

Full ROE profile⁠