DFIC vs TLCI: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

Touchstone International Equity ETF

TLCIBNYSE Arca

Overlap

3.2%by weight

Expense ratio

DFIC −0.15pt a year

DFIC0.22%TLCI0.37%

Avg volume · 30D

DFIC 648.7×the volume

DFIC1.85MTLCI2.85K

DFIC vs TLCI Performance

Oct 31, 2025 – Oct 30, 2026

+16.8%DFIC+9.7%TLCI

Expense ratio: DFIC 0.22%, better; TLCI 0.37%
Fund size: DFIC $15.3B; TLCI $109M
1Y total return: DFIC +16.8%, better; TLCI +9.7%
Yield (12M): DFIC 2.55%; TLCI No data
Holdings: DFIC 4152; TLCI 34
Avg volume (30D): DFIC 1.85M sh, better; TLCI 2.85K sh
NAV per share: DFIC $37.56; TLCI $28.39
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, TLCI, with each pillar’s weight
Pillar	DFIC	TLCI
Cost30% weight	A98Higher	A80
Mission25% weight	A100	Not scored
Risk15% weight	B69Higher	C48
Tradability15% weight	A81Higher	C45
Holdings10% weight	A91Higher	D32
Durability5% weight	A91Higher	D38

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and TLCI 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 TLCI 22nd 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 22BTILCThrivent International Large Cap ETFScore 57
Rank 22BTLCITouchstone International Equity ETFScore 57
Rank 24BVIDIVident International Equity Strategy ETFScore 54

Our read on each fund

ETF.net Research

DFICADimensional International Core Equity 2 ETF

TLCIBTouchstone International Equity ETF

In short

DFIC No data

TLCI An international fund that behaves like a stock picker, not an index tracker: sub-adviser The London Company runs roughly 25 to 40 large non-US names chosen for balance sheet strength, at 0.37% net of a waiver through April 29, 2027.

Stated mandate

DFIC No data

TLCI The Fund seeks long-term capital appreciation.

Why people hold it

DFIC No data

TLCI Priced at 0.37% net of a waiver through April 29, 2027, below the median fee in its active international category.
Typically holds about 25 to 40 companies, screened for cash return on tangible capital, balance sheet strength and a discount to estimated intrinsic value.sec.gov
Buy-and-hold by design: the manager targets an average holding period near five years and aims to minimize turnover to reduce transaction costs and taxes.sec.gov
At least 80% of assets sit in large-cap non-US equities under normal conditions, so the international mandate is written into policy, not just marketing.sec.gov

Worth knowing

DFIC No data

TLCI That 0.37% leans on a contractual waiver through April 29, 2027. The gross expense ratio is 1.01%, and waived amounts can be recouped later under the agreement.sec.gov
A 25 to 40 stock book can invest a high percentage in one country or sector, so single names swing results far more than in funds holding thousands of stocks.sec.gov
Launched in 2025 and thinly traded, with cheaper broad rivals nearby: AVDE at 0.23%, DFIC at 0.22%, and TACN at 0.00% net of a waiver through January 30, 2027.

Full DFIC profile⁠

Full TLCI profile⁠

DFIC vs TLCI Holdings

How DFIC and TLCI differ

Overlap by weight

3.2%

Shared holdings make up 61.7% of TLCI and 3.2% of DFIC.

Level by level

Holdings21 in both3.2%
Countryby domicile51.7%
Asset classEquity100%

Sector

No Sector split for TLCI.

Country, concentration and asset class

Country by domicile

Country weights in DFIC and TLCI, widest gap first
Country	More in DFICMore in TLCI	DFIC	TLCI
Japan	DFIC +21.1 points	24.4%	3.3%
United States	TLCI +18.2 points	1.2%	19.4%
United Kingdom	TLCI +11.1 points	11.4%	22.5%
Canada	DFIC +8.3 points	11.6%	3.3%
Netherlands	TLCI +6.3 points	3.6%	9.9%
Australia	DFIC +5.9 points	5.9%	0.0%
Taiwan	TLCI +4.6 points	0.0%	4.6%
Switzerland	TLCI +3.4 points	8.0%	11.4%
Other countries (21)	DFIC +8.2 points	33.8%	25.6%

Outside the US: DFIC 98% developed, 2% emerging. TLCI 94% developed, 6% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.1%
TLCI41.6%

Securities held

DFIC4,131
TLCI31

Asset class

DFIC: Equity
TLCI: Equity

Holdings

Only in DFIC4,110
In both21
Only in TLCI10

Only in DFIC

4,110 securities, 96.3% of DFIC by weight

Shell PLC1.15%
Asml Holding NV1.09%
Totalenergies SE0.76%
Novartis AG Adr0.76%
Royal Bank of Canada0.64%
Toyota Motor Corp0.46%
Bp PLC0.44%
Banco Bilbao Vizcaya Arge0.41%
Suncor Energy Inc.0.41%
Bhp Group Ltd0.39%
Rolls-Royce Holdings PLC0.39%
Hsbc Holdings PLC0.39%
Deutsche Telekom AG0.38%
Canadian Natural Resource0.37%
Toronto-Dominion Bank0.37%
Bayer AG0.36%
Mitsubishi Ufj Financial0.36%
Unicredit Spa0.34%
Sony Group Corp0.33%
Basf SE0.33%
Astrazeneca PLC0.33%
Advantest Corp0.33%
Hitachi Ltd0.31%
Tesco PLC0.31%
Infineon Technologies AG0.31%
Dhl AG0.30%
Recruit Holdings Co Ltd0.30%
Eni Spa0.30%
E.on SE0.29%
Rio Tinto PLC0.29%
Engie SA0.28%
Cenovus Energy Inc0.27%
Repsol SA0.27%
Siemens AG0.26%
Orange SA0.26%
National Bank of Canada0.25%
Muenchener Rueckversicher0.25%
Bhp Group Ltd0.25%
Tokyo Electron Ltd0.24%
Siemens Energy AG0.24%
Intact Financial Corp0.24%
Dbs Group Holdings Ltd0.23%
Standard Chartered PLC0.23%
Zurich Insurance Group AG0.23%
Barrick Mining Corp0.23%
Vinci SA0.22%
Barclays PLC0.22%
Tokio Marine Holdings Inc0.22%
Cie De Saint-Gobain0.22%
Abb Ltd0.22%

Only in TLCI

10 securities, 35.7% of TLCI by weight

Icon PLC4.94%
Compass Group PLC4.35%
Philip Morris International Inc4.23%
Taiwan Semiconductor Manufacturing Co Ltd4.20%
Intercontinental Hotels Group PLC4.16%
Willis Towers Watson PLC3.46%
Air Products and Chemicals Inc3.10%
Crh PLC3.05%
Unilever PLC2.64%
Diageo PLC1.60%

Weight gaps

All 21 Holdings in both funds, largest gap first.

Holding weights in DFIC and TLCI, widest gap first
Holding	More in DFICMore in TLCI	DFIC	TLCI
Sap SE	TLCI +4.06 points	0.09%	4.15%
Roche Holding AG	TLCI +3.79 points	0.70%	4.49%
Magnum Ice Cream Co Nv/Th	TLCI +3.63 points	0.05%	3.68%
Relx PLCREL.L	TLCI +3.54 points	<0.01%	3.54%
Universal Music Group NV	TLCI +3.48 points	0.03%	3.51%
Allianz SE	TLCI +3.34 points	0.49%	3.83%
Nintendo Co Ltd	TLCI +3.22 points	0.07%	3.29%
Canadian National Railway	TLCI +3.18 points	0.01%	3.19%
Aena Sme SA	TLCI +3.16 points	0.06%	3.22%
Dsv As	TLCI +2.79 points	0.10%	2.89%
Safran SA	TLCI +2.79 points	0.19%	2.98%
Bae Systems PLCBA.L	TLCI +2.78 points	0.18%	2.96%
London Stock Exchange GroLSEG.L	TLCI +2.67 points	0.11%	2.78%
Asml Holding NV	TLCI +2.54 points	0.07%	2.61%
Assa Abloy Ab	TLCI +2.27 points	0.04%	2.31%
Nestle SA	TLCI +2.24 points	0.64%	2.88%
Kone Oyj	TLCI +2.13 points	0.06%	2.19%
Cie Financiere Richemont	TLCI +1.94 points	0.13%	2.07%
Air Liquide SA	TLCI +1.90 points	0.17%	2.07%
Alcon Inc	TLCI +1.73 points	<0.01%	1.73%
Coloplast A/S	TLCI +1.30 points	<0.01%	1.30%

All 4,139 DFIC holdings⁠All TLCI 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 TLCI Cost

Overpaying TLCI vs DFIC

$2,955

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

DFIC 0.22%
$4,558
TLCI 0.37%
$7,513

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
TLCI 0.37%
Overpaying

Year by year

Year	DFIC	TLCI	Overpaying
10	$401	$670	$269
20	$1,561	$2,590	$1,029
30	$4,558	$7,513	$2,955

Expense ratio

0.22%DFIC, cheaper
0.37%TLCI

DFIC0.22%TLCI0.37%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

TLCI 11th cheapest of 55 funds

DFIC vs TLCI Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DFIC 2.55%; TLCI No data
Payout (12M): DFIC $0.96; TLCI No data
Last payment: DFIC $0.19; TLCI $0.16
Ex-dividend: DFIC Sep 22, 2026; TLCI Dec 30, 2025
Paid on: DFIC Sep 24, 2026; TLCI Dec 31, 2025
Frequency: DFIC Quarterly; TLCI Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

TLCIIrregular · 1 paymentAll TLCI payments⁠

DFIC vs TLCI 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%TLCI 13.2%since Apr 2025
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35TLCI 0.52since Apr 2025
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022TLCI −12.2%since Mar 2025
Market sensitivityBeta, 5 years: DFIC 0.92TLCI 0.45; Market = 1

DFIC and TLCI 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 TLCI

In short

Stated mandate

Why people hold it

Worth knowing

How DFIC and TLCI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in TLCI

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 TLCI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in TLCI

Weight gaps