Dimensional Lists Two International Equity ETFs After Completing Its Second Mutual Fund-to-ETF Conversion of 2021

Rhea-AI Summary

Dimensional Fund Advisors has announced the listing of two new non-US market ETFs on the New York Stock Exchange. The newly listed funds are the International Value ETF (Ticker: DFIV) with a management fee of 0.30% and the World ex US Core Equity 2 ETF (Ticker: DFAX) with a management fee of 0.25%. This move expands their ETF offerings, now totaling nine funds and over $40 billion in assets under management. Dimensional aims to provide diverse investment strategies that seek higher expected returns while managing risk.

Positive

• Launch of two non-US-market ETFs increases product offerings.
• Total assets under management exceed $40 billion.
• Management fees are competitive, with DFIV at 0.30% and DFAX at 0.25%.

Negative

• None.

AUSTIN, Texas--(BUSINESS WIRE)-- Dimensional Fund Advisors, a global leader in systematic investing, has announced the listing of two non-US-market exchange-traded funds (ETFs). Listed on the New York Stock Exchange (NYSE), the ETFs further extend the firm’s offering of systematic active transparent ETFs.

New ETF	Ticker	Management Fee (%)	Total Annual Fund Operating Expenses (%)
International Value ETF	NYSE Arca: DFIV	0.30	0.35
World ex US Core Equity 2 ETF	NYSE Arca: DFAX	0.25	0.31

“Today’s listing further demonstrates our commitment to providing the financial professionals we work with a full suite of ETFs that complement our mutual fund and expanded separately managed accounts offerings,” said Dimensional Co-CEO and Chief Investment Officer Gerard O’Reilly. “Our strategies go beyond the cost efficiency and high diversification of passive indexing. They have the added benefits of daily, flexible implementation, which aim to deliver higher expected returns and support robust risk management.”

The listing and conversion of more than $8 billion¹ in non-US-market, tax-managed mutual funds to ETFs follow the firm’s launch of three core equity market ETFs in 2020 and the conversion of four of Dimensional’s tax-managed US mutual funds to active transparent ETFs in June of this year.

With a current total of nine listed equity ETFs, Dimensional has further solidified its position as one of the largest active ETF issuers in the industry, with more than $40 billion in combined ETF assets under management.¹ The firm plans to continue building on its progress in this market and aims to launch fixed income ETFs later this year.

Dimensional investment strategies harness a consistent, systematic approach and flexible implementation that aim to outperform markets without trying to time or outguess them. More information about Dimensional ETFs can be found here: https://us.dimensional.com/etfs

ABOUT DIMENSIONAL FUND ADVISORS

Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, we help investors pursue higher expected returns through a systematic investment process that integrates research insights with advanced portfolio design, management, and trading, while balancing tradeoffs that can impact returns. Dimensional is headquartered in Austin, Texas, and has 13 global offices across North America, Europe, and Asia. As of June 30, 2021, Dimensional manages $660 billion for investors worldwide. For more information, please visit dimensional.com.

DISCLOSURES:

Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission. Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (512) 306-7400 or at us.dimensional.com. Dimensional funds are distributed by DFA Securities LLC.

ETFs trade like stocks, fluctuate in market value and may trade either at a premium or discount to their net asset value. ETF shares trade at market price and are not individually redeemable with the issuing fund, other than in large share amounts called creation units. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance. Ordinary broker commissions may apply. Risks include loss of principal and fluctuating value. Diversification does not eliminate the risk of market loss.

With respect to the four US fixed income ETFs in registration: This material is for informational purposes only. A registration statement relating to the Funds has been filed with the Securities and Exchange Commission but has not yet become effective.

Information about the Funds is not complete and may be changed. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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¹ Assets Under Management as of September 10, 2021

View source version on businesswire.com: https://www.businesswire.com/news/home/20210913005542/en/

Taylor Fischer, Dimensional Fund Advisors, taylor.fischer@dimensional.com

Abby Rex-Groves, Prosek Partners, amcaleney@prosek.com

Source: Dimensional Fund Advisors

FAQ

What are the new ETFs launched by Dimensional Fund Advisors?

Dimensional Fund Advisors launched the International Value ETF (DFIV) and the World ex US Core Equity 2 ETF (DFAX).

What are the management fees for the new ETFs DFIV and DFAX?

The management fee for DFIV is 0.30% and for DFAX it is 0.25%.

How many ETFs does Dimensional Fund Advisors now have?

Dimensional Fund Advisors now has a total of nine listed equity ETFs.

What is the total assets under management for Dimensional Fund Advisors?

Dimensional Fund Advisors manages over $40 billion in ETF assets.