DFIC vs TXUG: Grades, Fees and Holdings Compared

Dimensional International Core Equity 2 ETF

DFICACboe

Thornburg International Growth Fund ETF

TXUGDNasdaq

Overlap

0.4%by weight

Expense ratio

DFIC −0.48pt a year

DFIC0.22%TXUG0.70%

Avg volume · 30D

DFIC 3505.4×the volume

DFIC1.85MTXUG528

DFIC vs TXUG Performance

Oct 31, 2025 – Nov 2, 2026

+17.4%DFIC+2.8%TXUG

Expense ratio: DFIC 0.22%, better; TXUG 0.70%
Fund size: DFIC $15.3B; TXUG $4M
1Y total return: DFIC +17.4%, better; TXUG +2.8%
Yield (12M): DFIC 2.54%; TXUG No data
Holdings: DFIC 4144; TXUG 42
Avg volume (30D): DFIC 1.85M sh, better; TXUG 528 sh
NAV per share: DFIC $37.60; TXUG $26.08
52W range

ETF.net Grade

Pillar letters and Scores for DFIC, TXUG, with each pillar’s weight
Pillar	DFIC	TXUG
Cost30% weight	A98Higher	D30
Mission25% weight	A100Higher	B66
Risk15% weight	B69Higher	D30
Tradability15% weight	A80Higher	D26
Holdings10% weight	A91Higher	F24
Durability5% weight	A90Higher	D36

Rank among International Active Equity funds

How we build Categories ›

Same Category. DFIC and TXUG 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 TXUG 49th 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 49DEPINHarbor International Equity ETF (EPIN)Score 28
Rank 49DTXUGThornburg International Growth Fund ETFScore 28
Rank 51DBCILBancreek International Large Cap ETFScore 27

Our read on each fund

ETF.net Research

DFICADimensional International Core Equity 2 ETF

TXUGDThornburg International Growth Fund ETF

In short

DFIC No data

TXUG Thornburg's answer to index-hugging international funds: an active, quality-growth portfolio of developed-market companies outside the US, launched in 2025 and priced at 0.70% for the human stock picking.

Stated mandate

DFIC No data

TXUG The fund expects to invest primarily in equity securities or depositary receipts of issuers from developed markets outside the United States.

Why people hold it

DFIC No data

TXUG Genuinely active, not an index tracker. Thornburg hunts developed-market companies it judges to have durable competitive advantages and long-term growth potential.thornburg.com
Stays on its stated mandate: equities and depositary receipts of issuers in developed markets outside the US, closely matching what the prospectus describes.
The mandate reaches past mega caps into small and mid caps, so the portfolio can look meaningfully different from a cap-weighted international index fund.thornburg.com

Worth knowing

DFIC No data

TXUG The 0.70% fee sits above the typical active international fund, and systematic rivals like AVDE (0.23%) and DFIC (0.22%) charge roughly a third as much.
A small, lightly traded fund, so bid-ask spreads can run wider than in the category's heavyweights.
Launched in 2025, so the track record is short. Growth-priced foreign stocks also bring currency swings and sharper reactions to earnings surprises.thornburg.com

Full DFIC profile⁠

Full TXUG profile⁠

DFIC vs TXUG Holdings

How DFIC and TXUG differ

Overlap by weight

0.4%

Shared holdings make up 12.6% of TXUG and 0.4% of DFIC.

Level by level

Holdings5 in both0.4%
Countryby domicile56.7%
Asset classEquity100%

Sector

No Sector split for TXUG.

Country, concentration and asset class

Country by domicile

Country weights in DFIC and TXUG, widest gap first
Country	More in DFICMore in TXUG	DFIC	TXUG
United States	TXUG +17.4 points	1.2%	18.6%
Japan	DFIC +10.5 points	24.4%	13.9%
Netherlands	TXUG +10.1 points	3.6%	13.7%
Canada	DFIC +7.3 points	11.6%	4.3%
Taiwan	TXUG +6.2 points	0.0%	6.2%
Australia	DFIC +5.9 points	5.9%	0.0%
Switzerland	DFIC +4.5 points	8.0%	3.5%
Brazil	TXUG +3.1 points	0.0%	3.1%
Other countries (22)	DFIC +8.4 points	45.2%	36.8%

Outside the US: DFIC 98% developed, 2% emerging. TXUG 85% developed, 15% emerging.

Concentration

Weight in the 10 largest Holdings

DFIC7.1%
TXUG43.1%

Securities held

DFIC4,125
TXUG40

Asset class

DFIC: Equity
TXUG: Equity

Holdings

Only in DFIC4,120
In both5
Only in TXUG35

Only in DFIC

4,120 securities, 99.1% of DFIC by weight

Shell PLC1.17%
Asml Holding NV1.02%
Totalenergies SE0.78%
Novartis AG Adr0.77%
Roche Holding AG0.71%
Nestle SA0.66%
Royal Bank of Canada0.64%
Allianz SE0.50%
Toyota Motor Corp0.47%
Bp PLC0.44%
Suncor Energy Inc.0.42%
Banco Bilbao Vizcaya Arge0.40%
Bhp Group Ltd0.39%
Deutsche Telekom AG0.39%
Bayer AG0.39%
Hsbc Holdings PLC0.38%
Canadian Natural Resource0.38%
Rolls-Royce Holdings PLC0.38%
Toronto-Dominion Bank0.36%
Mitsubishi Ufj Financial0.36%
Unicredit Spa0.34%
Sony Group Corp0.34%
Basf SE0.33%
Hitachi Ltd0.32%
Tesco PLC0.32%
Advantest Corp0.31%
Recruit Holdings Co Ltd0.31%
Eni Spa0.30%
Dhl AG0.30%
E.on SE0.29%
Infineon Technologies AG0.29%
Rio Tinto PLC0.29%
Engie SA0.28%
Repsol SA0.28%
Cenovus Energy Inc0.28%
Orange SA0.26%
Muenchener Rueckversicher0.26%
Siemens AG0.26%
National Bank of Canada0.25%
Intact Financial Corp0.24%
Bhp Group Ltd0.24%
Tokyo Electron Ltd0.23%
Dbs Group Holdings Ltd0.23%
Zurich Insurance Group AG0.23%
Tokio Marine Holdings Inc0.23%
Standard Chartered PLC0.23%
Siemens Energy AG0.23%
Vinci SA0.22%
Swiss Re AG0.22%
Cie De Saint-Gobain0.22%

Only in TXUG

35 securities, 84.4% of TXUG by weight

ASML Holding N.V.7.86%
Taiwan Semiconductor Manufacturing Co. Ltd.5.84%
Hoya Corp.4.99%
Advanced Micro Devices, Inc.4.35%
Rolls-Royce Holdings plc3.56%
Lonza Group AG3.39%
Air Liquide S.A.3.33%
Mastercard, Inc.3.29%
Diploma plc2.73%
Samsung Electronics Co. Ltd.2.66%
Siemens Energy AG2.58%
Leonardo SpA2.55%
ASM International N.V.2.52%
Schneider Electric SE2.48%
Nomura Research Institute Ltd.2.35%
Arista Networks, Inc.2.34%
Deutsche Boerse AG2.32%
Japan Exchange Group, Inc.2.19%
MTU Aero Engines AG2.15%
MercadoLibre, Inc.2.06%
BE Semiconductor Industries N.V.2.03%
Aixtron SE1.95%
E.on SE1.71%
SMC Corp.1.45%
Amazon.com, Inc.1.40%
Cadence Design Systems, Inc.1.38%
Resona Holdings, Inc.1.33%
Fairfax India Holdings Corp.1.26%
BNP Paribas S.A.1.26%
Nitto Boseki Co. Ltd.1.08%
Halma plc1.02%
NU Holdings Ltd./Cayman Islands0.86%
Lottomatica Group Spa0.74%
Wise Group plc0.73%
Digi Spain Telecom S.A.0.65%

Weight gaps

All 5 Holdings in both funds, largest gap first.

Holding weights in DFIC and TXUG, widest gap first
Holding	More in DFICMore in TXUG	DFIC	TXUG
Astrazeneca PLCAZN	TXUG +3.33 points	0.36%	3.69%
Ferrari NVRACE	TXUG +2.77 points	0.06%	2.83%
Shopify Inc- Class ASHOP	TXUG +2.74 points	<0.01%	2.75%
Sea LtdSE	TXUG +1.72 points	0.01%	1.73%
Aercap Holdings NVAER	TXUG +1.61 points	<0.01%	1.61%

All 4,139 DFIC holdings⁠All TXUG 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 TXUG Cost

Overpaying TXUG vs DFIC

$9,048

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

DFIC 0.22%
$4,558
TXUG 0.70%
$13,606

Amount$10,000

Years30 years

Cost over time

DFIC 0.22%
TXUG 0.70%
Overpaying

Year by year

Year	DFIC	TXUG	Overpaying
10	$401	$1,250	$849
20	$1,561	$4,760	$3,199
30	$4,558	$13,606	$9,048

Expense ratio

0.22%DFIC, cheaper
0.70%TXUG

DFIC0.22%TXUG0.70%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

DFIC 2nd cheapest of 55 funds

TXUG 38th cheapest of 55 funds

DFIC vs TXUG Dividends

Last 12 months to Nov 2, 2026

Yield (12M): DFIC 2.54%; TXUG No data
Payout (12M): DFIC $0.96; TXUG No data
Last payment: DFIC $0.19; TXUG $0.12
Ex-dividend: DFIC Sep 22, 2026; TXUG Dec 18, 2025
Paid on: DFIC Sep 24, 2026; TXUG Dec 19, 2025
Frequency: DFIC Quarterly; TXUG Irregular

Distribution history

Per share, 2022 to 2026, same scale for both

DFICQuarterly · 18 paymentsAll DFIC payments⁠

TXUGIrregular · 1 paymentAll TXUG payments⁠

DFIC vs TXUG 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%TXUG 14.3%since Feb 2025
Return per unit of riskSharpe ratio, 3 years: DFIC 1.35TXUG −0.06since Feb 2025
Worst fallMax drawdown, 5 years: DFIC −24.4%since Mar 2022TXUG −18.6%since Jan 2025
Market sensitivityBeta, 5 years: DFIC 0.92TXUG 0.82; Market = 1

DFIC and TXUG 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 TXUG

In short

Stated mandate

Why people hold it

Worth knowing

How DFIC and TXUG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in TXUG

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 TXUG differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DFIC

Only in TXUG

Weight gaps