# U.S. Micro Cap Portfolio ETF (DFMC): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/dfmc for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Dimensional · Asset class: US Equity - Strategy: Actively Managed · Inception: 1981-12-23 The DFMC fund is designed to offer investors an avenue into the American micro-capitalization market segment. Through an active management approach, it systematically combines rigorous research, strategic portfolio design, ongoing oversight, and efficient trading practices to achieve its investment goals. The fund's adviser classifies micro-cap companies using a specific two-part definition: either their market capitalization falls within the lowest five percent of the overall selection universe, or they are smaller than the 1,500th largest company in the United States. The higher of these... ## Key Facts | Metric | Value | |---|---| | Price | $57.84 | | Expense Ratio | 0.43% | | Assets Under Management | $7.54B | | NAV | $57.83 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.48% | | Annual Distribution (TTM) | $0.28 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $49.08 – $62.37 | | Beta | 0.53 | ## Latest Distribution - Amount: $0.1450 /share - Ex-date: 2026-09-29 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does DFMC invest in? The DFMC fund is designed to offer investors an avenue into the American micro-capitalization market segment. Through an active management approach, it systematically combines rigorous research, strategic portfolio design, ongoing oversight, and efficient trading practices to achieve its investment goals. The fund's adviser classifies micro-cap companies using a specific two-part definition: either their market capitalization falls within the lowest five percent of the overall selection universe, or they are smaller than the 1,500th largest company in the United States. The higher of these two market capitalization thresholds is consistently applied. Although the portfolio generally employs a market capitalization-weighted structure, the investment adviser retains the discretion to overweight certain securities. This emphasis is placed on companies exhibiting smaller overall size, attractive relative valuations (meaning lower prices compared to intrinsic value), and superior profitability. Relative valuation is typically gauged using metrics like price-to-book value, while profitability assessments consider earnings in relation to either book value or total assets. Moreover, the adviser possesses complete latitude to modify the weighting of individual securities. These adjustments can be influenced by various factors, including stock price momentum, short-term price reversals, and specific investment characteristic ratios, such as the ratio of asset changes to total assets. ### What is the expense ratio of DFMC? U.S. Micro Cap Portfolio ETF (DFMC) charges an expense ratio of 0.43%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is DFMC? U.S. Micro Cap Portfolio ETF (DFMC) manages $7.54B 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 DFMC actively managed or an index fund? DFMC is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DFMC's is 0.43%) in exchange for the discretion to over- or under-weight positions. ### When was DFMC launched? U.S. Micro Cap Portfolio ETF (DFMC) launched in December 1981 and is managed by Dimensional. ### How has DFMC performed? DFMC'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. ### Does DFMC pay a dividend? U.S. Micro Cap Portfolio ETF (DFMC) currently distributes little or no income. Trailing-twelve-month yield is 0.48%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does DFMC pay dividends? U.S. Micro Cap Portfolio ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is DFMC's dividend yield? DFMC's trailing-twelve-month yield is 0.48%, calculated from the sum of dividends over the past year divided by the current price. ### When is DFMC's next ex-dividend date? The most recently announced ex-dividend date for DFMC was 2026-09-29. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will DFMC's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.43% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does DFMC charge its expense ratio? The expense ratio is deducted in tiny daily slices from DFMC's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does DFMC cost more than a fund like VOO? DFMC is actively managed (current expense ratio 0.43%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether DFMC's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to DFMC? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as DFMC (0.43%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/dfmc - Distribution history: https://www.dividenddata.com/funds/dfmc/dividend - Holdings & diversification: https://www.dividenddata.com/funds/dfmc/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/dfmc/expenses - Peer comparison: https://www.dividenddata.com/funds/dfmc/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.