DFIC vs EXUS: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

Nomura Focused International Core ETF

EXUSDNasdaq

Overlap

2.6%by weight

Expense ratio

DFIC −0.37pt a year

DFIC0.22%EXUS0.59%

Avg volume · 30D

DFIC 237.9×the volume

DFIC1.87MEXUS7.86K

DFIC vs EXUS Performance

Nov 5, 2025 – Nov 5, 2026

+16.7%DFIC−1.2%EXUS

Expense ratio: DFIC 0.22%, better; EXUS 0.59%
Fund size: DFIC $15.4B; EXUS $92M
1Y total return: DFIC +16.7%, better; EXUS −1.2%
Yield (12M): DFIC 2.56%; EXUS No data
Holdings: DFIC 4148; EXUS 47
Avg volume (30D): DFIC 1.87M sh, better; EXUS 7.86K sh
NAV per share: DFIC $37.82; EXUS $26.53
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, EXUS, with each pillar’s weight
Pillar	DFIC	EXUS
Cost30% weight	A98Higher	C43
Mission25% weight	A100	Not scored
Risk15% weight	B67Higher	F17
Tradability15% weight	A81Higher	D26
Holdings10% weight	A91Higher	C46
Durability5% weight	A90Higher	D36

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and EXUS 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 EXUS 43rd 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 42DFRGNHorizon International Equity ETFScore 37
Rank 43DEXUSNomura Focused International Core ETFScore 34
Rank 43DSFTXHorizon International Managed Risk ETFScore 34

Our read on each fund

ETF.net Research

DFICADimensional International Core Equity 2 ETF

EXUSDNomura Focused International Core ETF

In short

DFIC No data

EXUS An active international fund that earns the word "focused": 35 to 45 stocks picked one by one, with country and factor bets deliberately dialed down so the individual stock calls do the work.

Stated mandate

DFIC No data

EXUS The fund seeks capital growth and appreciation.

Why people hold it

DFIC No data

EXUS Focused is literal. The portfolio targets 35 to 45 international stocks, so every pick carries real weight instead of vanishing into a thousand-name benchmark.macquarie.com
Macquarie's Global Equity Team takes granular stock-specific risk while working to minimize country and factor tilts. A different engine than the broad systematic funds that lead this group.macquarie.com
At 0.59%, the fee lands right at the midpoint for actively managed international funds rather than above it.
The ETF runs the same International Core approach the team already managed in mutual fund form, so the wrapper is newer than the process.macquarie.com

Worth knowing

DFIC No data

EXUS Still roughly double the fee of the group's top-ranked systematic peers: AVDE at 0.23%, DFIC at 0.22%. The stock picking carries that gap.
Concentration cuts both ways. With 35 to 45 names, one holding's stumble lands harder here than in a sprawling international index fund.macquarie.com
A small fund that trades lightly next to the category's heavyweights, which can mean wider spreads at the moment of the trade.

Full DFIC profile⁠

Full EXUS profile⁠

DFIC vs EXUS Holdings

As of Oct 29, 2026

How DFIC and EXUS differ

Overlap by weight

2.6%

Shared holdings make up 51.0% of EXUS and 2.6% of DFIC.

Level by level

Holdings23 in both2.6%
Countryby domicile41.2%
Sector11 Sectors76.3%
Asset classStocks100%

Sector

Sector weights in DFIC and EXUS, widest gap first
Sector	Gap	DFIC	EXUS
Technology	EXUS +21.3 points	8.4%	29.7%
Materials	DFIC +6.4 points	11.0%	4.6%
Energy	DFIC +5.5 points	7.8%	2.3%
Industrials	DFIC +5.0 points	19.3%	14.3%
Consumer Staples	DFIC +3.3 points	6.3%	3.0%
Health Care	EXUS +2.1 points	7.2%	9.3%
Real Estate	DFIC +1.6 points	1.6%	0.0%
Consumer Discretionary	DFIC +0.7 points	9.4%	8.7%
Communication	DFIC +0.6 points	4.1%	3.5%
Utilities	DFIC +0.6 points	3.2%	2.6%
Financials	EXUS +0.2 points	21.8%	22.0%

Country, concentration and asset class

Country by domicile

Country weights in DFIC and EXUS, widest gap first
Country	Gap	DFIC	EXUS
United States	EXUS +11.3 points	1.2%	12.5%
Taiwan	EXUS +9.9 points	0.0%	9.9%
South Korea	EXUS +9.0 points	0.0%	9.0%
Netherlands	EXUS +8.9 points	3.6%	12.5%
Japan	DFIC +8.3 points	24.1%	15.8%
Switzerland	DFIC +8.2 points	8.2%	0.0%
United Kingdom	DFIC +6.8 points	11.4%	4.6%
China	EXUS +6.3 points	0.2%	6.5%
Other countries (23)	DFIC +22.0 points	51.2%	29.2%

Outside the US: DFIC 98% developed, 2% emerging. EXUS 59% developed, 41% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.0%
EXUS41.8%

Securities held

DFIC4,127
EXUS43

Asset class

DFIC: Stocks
EXUS: Stocks

Holdings

Only in DFIC4,104
In both23
Only in EXUS20

Only in DFIC

4,104 securities, 97.1% of DFIC by weight

Shell PLC1.08%
Asml Holding NV0.97%
Novartis AG Adr0.78%
Totalenergies SE0.74%
Roche Holding AG0.69%
Nestle SA0.68%
Royal Bank of Canada0.65%
Allianz SE0.52%
Toyota Motor Corp0.45%
Banco Bilbao Vizcaya Arge0.43%
Bayer AG0.41%
Deutsche Telekom AG0.40%
Hsbc Holdings PLC0.40%
Rolls-Royce Holdings PLC0.39%
Suncor Energy Inc.0.38%
Bhp Group Ltd0.38%
Toronto-Dominion Bank0.37%
Unicredit Spa0.36%
Astrazeneca PLC0.36%
Basf SE0.34%
Canadian Natural Resource0.33%
Sony Group Corp0.33%
Tesco PLC0.32%
Dhl AG0.31%
Advantest Corp0.30%
Hitachi Ltd0.30%
Rio Tinto PLC0.29%
Engie SA0.29%
E.on SE0.29%
Infineon Technologies AG0.28%
Eni Spa0.28%
Recruit Holdings Co Ltd0.28%
Repsol SA0.27%
Orange SA0.27%
Siemens AG0.27%
Muenchener Rueckversicher0.26%
National Bank of Canada0.26%
Intact Financial Corp0.26%
Bhp Group Ltd0.24%
Cenovus Energy Inc0.24%
Zurich Insurance Group AG0.24%
Tokyo Electron Ltd0.24%
Cie De Saint-Gobain0.23%
Standard Chartered PLC0.23%
Barrick Mining Corp0.23%
Fairfax Financial Holding0.23%
Vinci SA0.23%
Ubs Group AG0.23%
Anheuser-Busch Inbev Sa/N0.23%
Aib Group PLC0.23%

Only in EXUS

20 securities, 49.3% of EXUS by weight

Taiwan Semiconductor9.63%
Samsung Electronics Co4.36%
Sk Hynix Inc Common Stock3.83%
Wuxi Apptec Co Ltd Common2.98%
Lenovo Group Ltd Common2.87%
Invesco Government &2.86%
Cemex Sab De Cv Adr USD 02.57%
Mercadolibre Inc Common2.37%
Spotify Technology SA2.34%
Embraer SA Adr USD2.21%
Ascendis Pharma A/S2.18%
James Hardie Industries1.98%
Hdfc Bank Ltd Adr USD1.73%
Schlumberger Limited1.48%
Singapore1.48%
Cia De Saneamento Basico1.12%
Airbus SE Common Stock0.99%
Waste Connections Inc0.97%
Booking Holdings Inc0.90%
Zijin Mining Group Co Ltd0.44%

Weight gaps

All 23 Holdings in both funds, largest gap first.

Holding weights in DFIC and EXUS, widest gap first
Holding	Gap	DFIC	EXUS
Sompo Holdings Inc	EXUS +3.74 points	0.11%	3.85%
Ing Groep NV	EXUS +3.45 points	0.14%	3.59%
Adyen NV	EXUS +3.36 points	0.03%	3.39%
Mitsubishi Ufj Financial	EXUS +3.20 points	0.34%	3.54%
Argenx SEARGX	EXUS +3.18 points	0.05%	3.23%
Banco Bilbao Vizcaya Arge	EXUS +3.04 points	0.07%	3.11%
Barclays PLCBARC.L	EXUS +3.03 points	0.23%	3.26%
Asml Holding NV	EXUS +3.04 points	0.06%	3.10%
Tfi International Inc	EXUS +2.48 points	0.02%	2.50%
Smc Corp/Japan	EXUS +2.23 points	0.03%	2.26%
Daikin Industries Ltd	EXUS +2.19 points	0.08%	2.27%
Alimentation Couche	EXUS +2.11 points	0.09%	2.20%
Hoya Corp	EXUS +1.90 points	0.10%	2.00%
Sea LtdSE	EXUS +1.83 points	0.04%	1.87%
Kobe Bussan Co Ltd	EXUS +1.56 points	0.02%	1.58%
Experian PLCEXPN.L	EXUS +1.48 points	0.09%	1.57%
Abn Amro Bank NV	EXUS +1.40 points	0.14%	1.54%
Henkel AG & Co Kgaa	EXUS +1.17 points	0.05%	1.22%
Euronext NV	EXUS +0.97 points	0.08%	1.05%
Adidas AG	EXUS +0.91 points	0.08%	0.99%
Axa SA	EXUS +0.90 points	0.10%	1.00%
Bp PLCBP	EXUS +0.73 points	0.39%	1.12%
Safran SA	EXUS +0.55 points	0.20%	0.75%

All 4,139 DFIC holdings⁠All EXUS 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.

DFIC vs EXUS Cost

Overpaying EXUS vs DFIC

$7,077

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

DFIC 0.22%
$4,558
EXUS 0.59%
$11,635

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
EXUS 0.59%
Overpaying

Year by year

Year	DFIC	EXUS	Overpaying
10	$401	$1,058	$657
20	$1,561	$4,051	$2,490
30	$4,558	$11,635	$7,077

Expense ratio

0.22%DFIC, cheaper
0.59%EXUS

DFIC0.22%EXUS0.59%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

EXUS 31st cheapest of 55 funds

DFIC vs EXUS Dividends

Last 12 months to Nov 5, 2026

Yield (12M): DFIC 2.56%; EXUS No data
Payout (12M): DFIC $0.96; EXUS No data
Last payment: DFIC $0.19; EXUS $0.009
Ex-dividend: DFIC Sep 22, 2026; EXUS Dec 24, 2025
Paid on: DFIC Sep 24, 2026; EXUS Dec 31, 2025
Frequency: DFIC Quarterly; EXUS Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

EXUSIrregular · 1 paymentAll EXUS payments⁠

DFIC vs EXUS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DFIC 11.9%EXUS 17.2%since Jul 2025
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35EXUS −0.16since Jul 2025
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022EXUS −15.3%since Jun 2025
Market sensitivityBeta, 5 years: DFIC 0.92EXUS 1.09; Market = 1

DFIC and EXUS 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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DFIC vs EXUS

In short

Stated mandate

Why people hold it

Worth knowing

How DFIC and EXUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in EXUS

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 DFIC and EXUS differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in EXUS

Weight gaps