DFAE
Dimensional Emerging Core Equity Market ETF
DFAE actively selects emerging markets securities of all sizes with a tilt toward small-cap companies, seeking to provide long-term capital appreciation.
Emerging Market
EQUITY
Active
MANAGEMENT STYLE
$ 9.5 B
ASSETS UNDER MGMT
35 bp
EXPENSES
Fund Basics
| Inception date | Dec 02, 2020 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 13.0 % |
| LUCKY CEMENT CORP | 6.9 % |
| SAMSUNG ELECTRONICS CO LTD | 5.9 % |
| HYNIX SEMICONDUCTOR INC | 2.6 % |
| TENCENT HOLDINGS LTD | 2.3 % |
| ALIBABA GROUP HOLDING LTD. | 1.3 % |
| MEDIATEK INC | 1.1 % |
| DELTA ELECTRONICS INC | 1.0 % |
| HON HAI PRECISION INDUSTRY | 0.9 % |
| SAMSUNG ELECTR-GDR REGS | 0.9 % |
Constituent Breakdown
| Number of holdings | 6230 |
| Herfindahl-Hirschman Index | 267 |
| Wgt avg mkt cap (mns) | $229,681 |
| Large cap (>$10bn) | 63.9% |
| Mid cap ($2-10bn) | 18.5% |
| Small cap (<$2bn) | 7.4% |
| Developed mkts. | 2.9% |
| Emerging mkts. | 89.6% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 27.5 % |
 |
CHINA | 17.3 % |
 |
SOUTH KOREA | 17.2 % |
 |
INDIA | 10.7 % |
 |
BRAZIL | 3.4 % |
 |
SOUTH AFRICA | 2.6 % |
 |
SAUDI ARABIA | 2.2 % |
 |
HONG KONG | 1.7 % |
 |
MEXICO | 1.5 % |
 |
MALAYSIA | 1.1 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 24.3% | 48.7% | 26.5% | 21.6% | 6.6% | -- | -- | 8.7% |
| Dividend Yield | 0.2% | 3.5% | 3.0% | 3.0% | 2.5% | -- | -- | 2.4% |
| Total Returns | 24.5% | 52.2% | 29.5% | 24.5% | 9.1% | -- | -- | 11.0% | Ann. Volatility | 25.5% | 18.9% | 18.8% | 17.2% | 17.8% | -- | -- | 17.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 57% |
| MSCI EAFE | 1.03 | 66% |
| MSCI Emg Mkts | 0.95 | 99% |
Liquidity Measures
| Avg. volume (000) | 1,241 |
| ADV traded (mns) | $52 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $38.68 |
| Relative strength (RSI) | 61 |
| MACD/Signal | 0.77/0.73 |
| Bollinger Bands (Upper/Lower) | $41.05/$37.67 |
| Short interest (% of AUM) | 0.1% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DFAE |
Expenses vs. DFAE |
ALTAR Score™ vs. DFAE |
|---|---|---|---|---|
| DFEM | Dimensional Emerging Markets Core Equity 2 ETF | 74.0% | +3 bp | -0.1% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 73.3% | -26 bp | +1.1% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 69.0% | -24 bp | +0.7% |
| EEM | iShares MSCI Emerging Markets ETF | 69.0% | +34 bp | +0.7% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 69.0% | +34 bp | +0.4% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 68.6% | +31 bp | +0.1% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 68.3% | +1 bp | +0.5% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 67.8% | -20 bp | +1.0% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 65.8% | -5 bp | +0.9% |
| VWO | Vanguard FTSE Emerging Markets ETF | 64.8% | -28 bp | +2.4% |
Risk and Returns: DFAE vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
7.2%
ALTAR SCORE™
48th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 217 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.3% and a standard deviation
of 2.2%. DFAE's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places DFAE in the 48th percentile
among funds in the category.
Sell-Side Consensus
$44.94
PRICE TARGET
+8.0%
UPSIDE