DFGR vs INDS

DFGRADimensional Global Real Estate ETF

INDSCPacer Industrial Real Estate ETF

In short

DFGR One ticker for the world's landlords: US, developed and emerging-market REITs in a single market-cap-weighted portfolio, traded by Dimensional's desk rather than on an index calendar. Roughly 500 names.

INDS Most real estate funds hand you the whole property market in one bundle. INDS takes just the industrial slice, tracking a global developed-market index of about 40 companies whose revenue comes substantially from industrial real estate.

Stated mandate

DFGR The fund seeks long-term capital appreciation by investing broadly in U.S. and non-U.S. companies principally engaged in real estate, including REITs and REIT-like entities.

INDS The fund seeks exposure to global developed-market companies whose revenue is substantially generated by industrial real-estate operations.

Why people hold it

• DFGR Fee is 0.21% net of a waiver through February 28, 2027 (0.22% gross), below the category median, though index peers REET (0.14%) and HAUZ (0.10%) charge less.
• Holds US and non-US real estate, developed and emerging markets, in one wrapper. HAUZ and VNQI are ex-US only, so pairing them with a US REIT fund is the usual workaround.sec.gov
• No index to shadow: the prospectus lets Dimensional weight by market cap while flexing trade timing and capping country or issuer exposure.sec.gov
• A multi-billion-dollar fund that trades actively, and it pays distributions quarterly.

• INDS A pure industrial play, not a REIT grab bag: about 40 developed-market names picked by index rule, each earning most of its revenue from industrial property.
• Costs 0.49% a year, a shade under the median for its global real estate peer group. The niche focus does not carry a niche price tag.
• Live since 2018 and distributing quarterly, so there are years of real-world behavior on the tape rather than an index backtest.

Worth knowing

• DFGR Single-sector by design, so it moves with property markets and the rates that price them, with roughly 500 names spread across that one sector.
• Foreign REITs mean currency moves land in your return; the fund may use currency forwards for settlement, not to hedge its exposure.sec.gov
• Without a published index to track, there is no simple tracking-difference yardstick, and the waiver expires February 28, 2027, leaving the 0.22% gross fee.sec.gov

• INDS Thinly traded. Spreads can run wider than the category's household names, and size orders take more care to fill.
• One property type, about 40 holdings. Concentration is the whole design, and it cuts both directions.
• Broad global real estate rivals such as HAUZ (0.10%) and VNQI (0.12%) charge a fraction as much, and they lead this peer group. They own the whole market, not the industrial slice.

Full DFGR profile⁠

Full INDS profile⁠