DFIC vs PGRI: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

Putnam International Stock ETF

PGRIDNYSE Arca

Overlap

4.4%by weight

Expense ratio

DFIC −0.33pt a year

DFIC0.22%PGRI0.55%

Avg volume · 30D

DFIC 5164.8×the volume

DFIC1.87MPGRI362

DFIC vs PGRI Performance

Nov 5, 2025 – Nov 5, 2026

+16.7%DFIC+1.3%PGRI

Expense ratio: DFIC 0.22%, better; PGRI 0.55%
Fund size: DFIC $15.4B; PGRI $6M
1Y total return: DFIC +16.7%, better; PGRI +1.3%
Yield (12M): DFIC 2.56%; PGRI No data
Holdings: DFIC 4148; PGRI 32
Avg volume (30D): DFIC 1.87M sh, better; PGRI 362 sh
NAV per share: DFIC $37.82; PGRI $25.82
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, PGRI, with each pillar’s weight
Pillar	DFIC	PGRI
Cost30% weight	A98Higher	C51
Mission25% weight	A100Higher	F17
Risk15% weight	B67Higher	F24
Tradability15% weight	A81Higher	F24
Holdings10% weight	A91Higher	C41
Durability5% weight	A90Higher	C41

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and PGRI 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 PGRI 40th 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 40DFINTFrontier Asset Total International Equity ETFScore 38
Rank 40DPGRIPutnam International Stock ETFScore 38
Rank 42DFRGNHorizon International Equity ETFScore 37

Our read on each fund

ETF.net Research

DFICADimensional International Core Equity 2 ETF

PGRIDPutnam International Stock ETF

In short

DFIC No data

PGRI A Putnam stock-picking team turned loose on the world outside the US: large and midsize companies across developed and emerging markets, wrapped in an ETF that opened for business in late 2025 at 0.55% a year.

Stated mandate

DFIC No data

PGRI The Fund seeks capital appreciation by investing primarily in equity securities of large and midsize companies outside the United States, including issuers in developed and emerging markets.

Why people hold it

DFIC No data

PGRI A wide passport rather than a narrow sleeve: large and midsize companies outside the US, with both developed and emerging markets in bounds, so the managers can move toward where they see the ideas.
At 0.55% a year, it comes in under the typical actively managed international fund in its peer group. Active stock picking without the top-shelf active price tag.
Putnam's international equity mandate inside Franklin Templeton's ETF lineup, run as a plain 1940 Act fund rather than a derivative-driven or commodity-trust structure.

Worth knowing

DFIC No data

PGRI It launched in October 2025, so there is no long record to lean on, and because the mandate is active there is no declared index to measure it against day to day.
Index-driven neighbors in the same aisle, such as AVDE and DFIC, charge closer to 0.2%. The gap is the toll for having a human make the calls.
Still a small, thinly traded fund, which tends to mean wider bid-ask spreads than the category giants, and payouts land once or twice a year rather than monthly.

Full DFIC profile⁠

Full PGRI profile⁠

DFIC vs PGRI Holdings

How DFIC and PGRI differ

Overlap by weight

4.4%

Shared holdings make up 73.4% of PGRI and 4.4% of DFIC.

Level by level

Holdings21 in both4.4%
Countryby domicile65.9%
Sector11 Sectors81.1%
Asset classStocks100%

Sector

Sector weights in DFIC and PGRI, widest gap first
Sector	Gap	DFIC	PGRI
Technology	PGRI +9.4 points	8.4%	17.8%
Financials	DFIC +6.1 points	21.8%	15.7%
Consumer Discretionary	DFIC +5.1 points	9.4%	4.3%
Industrials	PGRI +5.0 points	19.3%	24.3%
Health Care	PGRI +2.3 points	7.2%	9.5%
Utilities	PGRI +2.3 points	3.2%	5.5%
Communication	DFIC +2.1 points	4.1%	2.0%
Materials	DFIC +1.9 points	11.0%	9.1%
Energy	DFIC +1.9 points	7.8%	5.9%
Real Estate	DFIC +1.6 points	1.6%	0.0%
Consumer Staples	DFIC +0.2 points	6.3%	6.1%

Country, concentration and asset class

Country by domicile

Country weights in DFIC and PGRI, widest gap first
Country	Gap	DFIC	PGRI
Canada	DFIC +8.7 points	11.4%	2.7%
United Kingdom	PGRI +6.3 points	11.4%	17.7%
Netherlands	PGRI +5.1 points	3.6%	8.7%
United States	PGRI +5.1 points	1.2%	6.3%
Germany	DFIC +3.8 points	7.4%	3.6%
Spain	PGRI +3.8 points	2.8%	6.6%
Italy	DFIC +3.3 points	3.3%	0.0%
Australia	DFIC +3.1 points	5.9%	2.8%
Other countries (22)	DFIC +1.3 points	52.9%	51.6%

Outside the US: DFIC 98% developed, 2% emerging. PGRI 92% developed, 8% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.0%
PGRI45.4%

Securities held

DFIC4,127
PGRI31

Asset class

DFIC: Stocks
PGRI: Stocks

Holdings

Only in DFIC4,106
In both21
Only in PGRI10

Only in DFIC

4,106 securities, 95.3% of DFIC by weight

Shell PLC1.08%
Asml Holding NV0.97%
Novartis AG Adr0.78%
Totalenergies SE0.74%
Roche Holding AG0.69%
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%
Bp PLC0.39%
Rolls-Royce Holdings PLC0.39%
Suncor Energy Inc.0.38%
Toronto-Dominion Bank0.37%
Unicredit Spa0.36%
Astrazeneca PLC0.36%
Basf SE0.34%
Canadian Natural Resource0.33%
Tesco PLC0.32%
Dhl AG0.31%
Advantest Corp0.30%
Rio Tinto PLC0.29%
Engie SA0.29%
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%
Barclays PLC0.23%
Swiss Re AG0.23%
Dbs Group Holdings Ltd0.22%
Tokio Marine Holdings Inc0.22%
Agnico Eagle Mines Ltd0.22%

Only in PGRI

10 securities, 26.6% of PGRI by weight

Airbus SE4.66%
Compass Group PLC4.36%
Linde PLC3.37%
Crh PLC3.27%
Erste Group Bank Ag-Spon3.11%
Taiwan Semiconductor-Sp A2.53%
Samsung Electr-Gdr Reg’s2.42%
Tencent Holdings Ltd2.06%
Putnam Govt Mmkt Fnd-P0.71%
Net Current Assets0.13%

Weight gaps

All 21 Holdings in both funds, largest gap first.

Holding weights in DFIC and PGRI, widest gap first
Holding	Gap	DFIC	PGRI
Shell PLCSHEL.L	PGRI +5.40 points	0.12%	5.52%
Hoya Corp	PGRI +4.68 points	0.10%	4.78%
Safran SA	PGRI +4.51 points	0.20%	4.71%
Astrazeneca PLCAZN.L	PGRI +4.50 points	0.06%	4.56%
Keyence Corp	PGRI +4.38 points	0.05%	4.43%
Hitachi Ltd	PGRI +4.29 points	0.30%	4.59%
Aia Group Ltd	PGRI +3.76 points	0.19%	3.95%
Asml Holding NV	PGRI +3.64 points	0.06%	3.70%
Abb Ltd	PGRI +3.61 points	0.21%	3.82%
Schneider Electric SE	PGRI +3.44 points	0.11%	3.55%
Banco Santander SA	PGRI +3.26 points	0.20%	3.46%
British American TobaccoBATS.L	PGRI +3.24 points	0.18%	3.42%
Iberdrola SA	PGRI +3.20 points	0.09%	3.29%
Canadian Pacific Kansas C	PGRI +2.80 points	0.02%	2.82%
Mitsubishi Ufj Financial	PGRI +2.49 points	0.34%	2.83%
Mizuho Financial Group In	PGRI +2.40 points	0.17%	2.58%
Bhp Group Ltd	PGRI +2.28 points	0.38%	2.66%
Nestle SA	PGRI +2.23 points	0.68%	2.91%
Sony Group Corp	PGRI +1.98 points	0.33%	2.31%
E.on SE	PGRI +1.95 points	0.29%	2.24%
Infineon Technologies AG	PGRI +0.99 points	0.28%	1.27%

All 4,139 DFIC holdings⁠All PGRI 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 PGRI Cost

Overpaying PGRI vs DFIC

$6,346

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

DFIC 0.22%
$4,558
PGRI 0.55%
$10,904

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
PGRI 0.55%
Overpaying

Year by year

Year	DFIC	PGRI	Overpaying
10	$401	$988	$587
20	$1,561	$3,790	$2,229
30	$4,558	$10,904	$6,346

Expense ratio

0.22%DFIC, cheaper
0.55%PGRI

DFIC0.22%PGRI0.55%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

PGRI 25th cheapest of 55 funds

DFIC vs PGRI Dividends

Last 12 months to Nov 5, 2026

Yield (12M): DFIC 2.56%; PGRI No data
Payout (12M): DFIC $0.96; PGRI No data
Last payment: DFIC $0.19; PGRI $0.03
Ex-dividend: DFIC Sep 22, 2026; PGRI Dec 19, 2025
Paid on: DFIC Sep 24, 2026; PGRI Dec 29, 2025
Frequency: DFIC Quarterly; PGRI Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

PGRIIrregular · 1 paymentAll PGRI payments⁠

DFIC vs PGRI 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%PGRI 16.2%since Nov 2025
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35PGRI −0.01since Nov 2025
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022PGRI −12.9%since Oct 2025
Market sensitivityBeta, 5 years: DFIC 0.92PGRI 0.97; Market = 1

DFIC and PGRI 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
ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026PGRI

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DFIC vs PGRI

In short

Stated mandate

Why people hold it

Worth knowing

How DFIC and PGRI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in PGRI

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

Franklin Templeton files two enhanced ETFs to absorb its international core funds

How DFIC and PGRI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in PGRI

Weight gaps