Dimensional US Core Equity Market ETF
ALTAR
Score™
4.7% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
29.6x P/Sales
ratio
2.4x
P/BV
ratio
3.7x Div.
yield
1.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
DFAU actively selects US equities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation.

FUND BASICS
Category US Equities
Fund Sponsor Dimensional Holdings
Website us.dimensional.com
Inception date Nov 17, 2020
Assets (mns) $25
Currency USD
Expense ratio 12 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Proprietary
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 2293
Wgt avg mkt cap (mns) $2,548,600
Large cap (>$10bn) 85.9%
Mid cap ($2-10bn) 11.6%
Small cap (<$2bn) 2.4%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 5.7 %
MICROSOFT CORP 4.0 %
AMAZON.COM INC 3.3 %
FACEBOOK 1.4 %
ALPHABET INC. CLASS C 1.4 %
ALPHABET INC. CLASS A 1.2 %
TESLA MOTORS INC 1.2 %
JOHNSON & JOHNSON 1.1 %
JPMORGAN CHASE & CO 1.0 %
UNITEDHEALTH GROUP INC 0.9 %
Total 21.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.7 %
IRELAND 1.5 %
BRITAIN 0.9 %
BERMUDA 0.4 %
SWITZERLAND 0.4 %
LUXEMBOURG 0.1 %
PUERTO RICO 0.1 %
SINGAPORE 0.0 %
CAYMAN ISLANDS 0.0 %
NETHERLANDS 0.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
4.6% -- -- -- 4.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $27.23
30d moving avg. $26.31
Annualized volatility 0.0%
Short interest (ETF) 1.5%
Relative strength (RSI) 67

Liquidity measures
Avg. volume (thou.) 337
Turnover 37.4%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $328,854

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the Dimensional US Core Equity Market ETF ETF based on the alternatives' overlap in portfolio holdings with DFAU. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DFAU Expense: 12 bp ALTAR Score™: 4.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DFAU
Ticker Fund
Name
Overlap1
vs DFAU
(%)
Expense
ratio
(bp)
Savings
vs DFAU
(bp)
ALTAR
Score™
(%)
ALTAR
vs DFAU
(%)
VTHR Vanguard Russell 3000 Index Fund 85.1 10 2 4.4 -0.3
SCHK Schwab 1000 Index ETF 84.2 5 7 4.6 -0.1
IYY iShares Dow Jones U.S. ETF 84.2 20 -8 4.4 -0.3
SCHB Schwab U.S. Broad Market ETF 84.0 3 9 4.4 -0.2
IWV iShares Russell 3000 ETF 84.0 20 -8 4.3 -0.4
IWB iShares Russell 1000 ETF 83.8 15 -3 4.4 -0.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 83.8 3 9 4.4 -0.3
SCHX Schwab U.S. Large-Cap ETF 82.9 3 9 4.5 -0.1
VTI Vanguard Total Stock Market Index Fund 82.5 3 9 4.4 -0.3
SPTM SPDR Portfolio Total Stock Market ETF 82.0 3 9 4.8 +0.1
PBUS Invesco PureBeta MSCI USA ETF 81.5 4 8 4.6 -0.1
VONE Vanguard Russell 1000 ETF 80.7 8 4 4.5 -0.1
BBUS JP Morgan Betabuilders U.S. Equity ETF 80.2 2 10 4.6 -0.0
VV Vanguard Large-Cap Index Fund 79.2 4 8 4.6 -0.1
GSUS Goldman Sachs MarketBeta U.S. Equity ETF 79.0 7 5 4.5 -0.1
PBP Invesco S&P 500 BuyWrite ETF 78.8 49 -37 4.3 -0.4
XYLG Global X S&P 500 Covered Call & Growth ETF 78.8 60 -48 4.4 -0.3
ESGV Vanguard ESG U.S. Stock ETF 78.6 12 0 4.5 -0.2
SPLG SPDR Portfolio Large Cap ETF 78.5 3 9 4.7 +0.1
SPY SPDR S&P 500 ETF Trust 78.4 9 3 4.7 +0.0
IVV iShares Core S&P 500 ETF 78.3 3 9 4.7 +0.1
VOO VANGUARD S&P 500 ETF 77.1 3 9 4.8 +0.2
JHML John Hancock Multifactor Large Cap ETF 76.9 29 -17 4.8 +0.2
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 76.2 20 -8 4.8 +0.1
SPXE ProShares S&P 500 Ex-Energy ETF 75.8 27 -15 4.6 -0.1
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 73.3 25 -13 4.9 +0.2
AVUS Avantis U.S. Equity ETF 72.7 15 -3 4.8 +0.2
SFY SoFi Select 500 ETF 71.5 0 12 4.5 -0.1
XVV iShares ESG Screened S&P 500 ETF 70.9 8 4 4.9 +0.2
SPXN ProShares S&P 500 Ex-Financials ETF 70.7 27 -15 4.3 -0.3
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 70.0 20 -8 4.6 -0.1
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 68.7 9 3 4.8 +0.1
ESGU iShares MSCI USA ESG Optimized ETF 68.4 15 -3 4.4 -0.3
SPXV ProShares S&P 500 Ex-Health Care ETF 68.2 27 -15 4.3 -0.4
CATH Global X S&P 500 Catholic Values Custom ETF 67.4 29 -17 4.5 -0.1
TOK iShares MSCI Kokusai ETF 67.1 25 -13 4.9 +0.2
KOKU Xtrackers MSCI Kokusai Equity ETF 67.1 9 3 5.0 +0.3
MGC Vanguard Mega Cap Index Fund 66.3 7 5 4.6 -0.1
EPS WisdomTree U.S. Earnings 500 Fund 65.1 8 4 5.9 +1.2
PRF Invesco FTSE RAFI US 1000 ETF 64.8 39 -27 5.8 +1.1
FNDB Schwab Fundamental U.S. Broad Market Index ETF 63.8 25 -13 5.7 +1.0
BKLC BNY Mellon US Large Cap Core Equity ETF 63.7 0 12 4.5 -0.2
MMTM SPDR S&P 1500 Momentum Tilt ETF 63.6 12 0 4.0 -0.7
IWL iShares Russell Top 200 ETF 63.5 15 -3 4.4 -0.3
FNDX Schwab Fundamental U.S. Large Co. Index ETF 62.6 25 -13 5.7 +1.1
URTH iShares MSCI World ETF 62.4 24 -12 4.9 +0.3
QUS SPDR MSCI USA StrategicFactors ETF 60.9 15 -3 5.2 +0.6
JCTR JPMorgan Carbon Transition U.S. Equity ETF 60.8 15 -3 4.6 -0.0
DYNF BlackRock U.S. Equity Factor Rotation ETF 60.3 30 -18 5.2 +0.6
IUS Invesco Strategic US ETF 59.9 19 -7 5.4 +0.8
IQSU IQ Candriam ESG US Equity ETF 59.2 9 3 4.5 -0.2
VLU SPDR S&P 1500 Value Tilt ETF 58.3 12 0 6.1 +1.5
EFIV SPDR S&P 500 ESG ETF 58.3 10 2 4.6 -0.1
SNPE Xtrackers S&P 500 ESG ETF 58.3 10 2 4.6 -0.1
SPXT ProShares S&P 500 Ex-Technology ETF 57.6 27 -15 4.8 +0.2
DIVB iShares U.S. Dividend & Buyback ETF 57.5 25 -13 5.9 +1.2
VOOG Vanguard S&P 500 Growth ETF 56.4 10 2 3.9 -0.8
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 56.0 30 -18 5.0 +0.4
RWL Invesco S&P 500 Revenue ETF 55.7 39 -27 6.2 +1.6
IUSG iShares Core S&P US Growth ETF 55.5 4 8 3.7 -1.0
ESG FlexShares STOXX US ESG Impact Index Fund 55.4 32 -20 4.4 -0.2
IUSV iShares Core S&P U.S. Value ETF 54.9 4 8 6.4 +1.8
XOUT GraniteShares XOUT U.S. Large Cap ETF 54.6 60 -48 3.6 -1.1
ACVF American Conservative Values ETF 54.5 75 -63 4.1 -0.6
ACWI iShares MSCI ACWI ETF 54.2 32 -20 5.0 +0.4
VONV Vanguard Russell 1000 Value Index Fund 53.1 8 4 6.1 +1.5
CRBN iShares MSCI ACWI Low Carbon Target ETF 53.0 20 -8 5.3 +0.6
LOWC SPDR MSCI ACWI Low Carbon Target ETF 52.8 20 -8 5.3 +0.6
IWD iShares Russell 1000 Value ETF 52.7 19 -7 6.0 +1.4
IVW iShares S&P 500 Growth ETF 52.3 18 -6 3.5 -1.1
SPYG SPDR Portfolio S&P 500 Growth ETF 52.3 4 8 3.7 -1.0
SPYV SPDR Portfolio S&P 500 Value ETF 52.0 4 8 6.4 +1.7
IVE iShares S&P 500 Value ETF 52.0 18 -6 6.2 +1.6
VT Vanguard Total World Stock ETF 51.6 8 4 5.3 +0.7
OEF iShares S&P 100 ETF 51.6 20 -8 4.2 -0.5
RESP WisdomTree US ESG Fund of Benef Interest 50.9 28 -16 5.0 +0.4
DTD WisdomTree U.S.Total Dividend Fund 50.9 28 -16 6.2 +1.6
IWF iShares Russell 1000 Growth ETF 50.6 19 -7 3.4 -1.2
VONG Vanguard Russell 1000 Growth Index Fund 50.4 8 4 3.5 -1.1
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 50.3 15 -3 5.8 +1.1
SCHV Schwab U.S. Large-Cap Value ETF 49.6 4 8 6.0 +1.4
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 48.0 9 3 5.0 +0.3
EUSA iShares MSCI USA Equal Weighted ETF 47.9 15 -3 5.1 +0.4
DLN WisdomTree U.S. LargeCap Dividend Fund 47.8 28 -16 6.1 +1.5
QWLD SPDR MSCI World StrategicFactors ETF 47.8 30 -18 5.3 +0.7
AFLG First Trust Active Factor Large Cap ETF 47.4 55 -43 4.7 0.0
SIZE iShares MSCI USA Size Factor ETF 46.8 15 -3 5.1 +0.4
VOOV Vanguard S&P 500 Value ETF 46.6 10 2 6.6 +1.9
RSP Invesco S&P 500 Equal Weight ETF 46.6 20 -8 5.6 +0.9
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 46.1 35 -23 5.0 +0.4
KRMA Global X Conscious Companies ETF 46.1 43 -31 4.8 +0.2
HIPR Direxion High Growth ETF 46.0 40 -28 3.8 -0.9
CFA VictoryShares US 500 Volatility Weighted Index ETF 46.0 35 -23 5.0 +0.4
SPGM SPDR Portfolio MSCI Global Stock Market ETF 45.6 9 3 5.1 +0.4
ESGG FlexShares STOXX Global ESG Impact Index Fund 45.6 42 -30 4.6 -0.1
DSI iShares MSCI KLD 400 Social ETF 45.2 25 -13 4.5 -0.1
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 45.0 19 -7 5.3 +0.6
RECS Columbia Research Enhanced Core ETF 44.4 15 -3 5.1 +0.4

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Dimensional US Core Equity Market ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.8 %
Divided by: Fwd. P/BV 3.3 x
Less: Expense ratio 12 bp
Equals: ALTAR Score 4.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.45 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.