Dimensional - US Small Cap ETF

Frequently Asked Questions About DFAS

What does DFAS invest in?

Employing a market-capitalization weighted methodology, this fund primarily seeks to acquire a wide-ranging and varied selection of equities issued by U.S. small-capitalization firms. Under its standard operating procedure, though not a fundamental policy, the fund typically allocates a minimum of 80% of its net assets to securities issued by small-capitalization U.S. enterprises. To manage its equity market exposure, the fund retains the flexibility to utilize derivative instruments, specifically futures contracts and options on futures contracts, pertaining to U.S. equity securities and indices. This is done to adjust for anticipated or actual cash movements into or out of the portfolio.

What is the expense ratio of DFAS?

Dimensional - US Small Cap ETF (DFAS) charges an expense ratio of 0.31%. This is the annual fee deducted from fund assets to cover management and operations.

How big is DFAS?

Dimensional - US Small Cap ETF (DFAS) manages $34.07B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is DFAS actively managed or an index fund?

DFAS is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DFAS's is 0.31%) in exchange for the discretion to over- or under-weight positions.

When was DFAS launched?

Dimensional - US Small Cap ETF (DFAS) launched in March 1992 and is managed by Dimensional.

How has DFAS performed?

DFAS's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.