DFLV vs JAVA

DFLVADimensional US Large Cap Value ETF

JAVABJPMorgan Active Value ETF

In short

DFLV Dimensional's value playbook in an ETF wrapper: large-cap value that also screens for profitability, spread across roughly 300 names, run by research rather than an index. Active by design, index-fund cheap in practice.

JAVA JPMorgan's value team picks roughly 160 cheap-looking companies, sector by sector, and keeps the portfolio style-pure instead of drifting toward growth. Active stock picking priced below the typical active value fund.

Stated mandate

DFLV The ETF seeks long-term capital appreciation. Its investment approach combines research, portfolio design, portfolio management, and trading, emphasizing long-term expected-return drivers and broad diversification.

JAVA JAVA seeks long-term capital appreciation through an actively managed, style-pure value equity portfolio. It uses fundamental, bottom-up research to identify attractively valued companies within sectors and draws on JPMorgan’s U.S. Value and Large Cap Value approaches.

Why people hold it

• DFLV Costs 0.21% a year, well under half the 0.55% median for US value funds in its peer group. Active management without the active price tag.
• Cheap alone doesn't get you in. The portfolio screens on value and profitability together, a filter aimed at cut-rate stocks that actually earn money.
• No index to shadow. Dimensional can trade on its own schedule and spreads the money across about 300 large-cap names instead of a handful of bets.
• Sits in the top tier of the US value funds we grade, and it is a multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.

• JAVA Charges 0.44% a year against a 0.55% median for active value funds. Human stock picking without the usual active-management markup.
• Style-pure by design: bottom-up research favors the cheaper names inside each sector, so the portfolio stays value rather than sliding toward growth.jpmorgan.com
• About 160 holdings measured against the Russell 1000 Value Index: spread out enough to blunt single-stock blowups, tight enough for the picks to register.
• A multi-billion-dollar fund that sits in the top quartile of its active value peer group, paying distributions quarterly.

Worth knowing

• DFLV Not the cheapest seat in the room: AVLV and SEIV run 0.15%, WTV 0.12%. You're paying a bit more for Dimensional's process.
• Being benchmark-free cuts both ways. With no index to measure against, there is no tracking-error scoreboard, and outcomes ride on the manager's judgment.
• Launched in December 2022, so the ETF's own record is short, and a value tilt behaves differently from the broad market. It pays quarterly.

• JAVA Systematic value rivals cost far less, with AVLV at 0.15% and DFLV at 0.21%. The extra fee buys human judgment, which can trail the benchmark as easily as beat it.
• Moderately traded rather than a volume heavyweight, so spreads can run wider than the largest index value funds.
• Live since 2021, so the ETF's own record is short, though it leans on JPMorgan's longer-running U.S. Value and Large Cap Value approaches.

Full DFLV profile⁠

Full JAVA profile⁠