DFAT — U.S. Targeted Value Portfolio-ETF Class Shares
US Small Cap Ranked #115 of 458 tracked ETFs · Issued by Dimensional Fund Advisors
DFAT Price Performance — Growth of $10,000
Value of a $10,000 investment in DFAT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
DFAT Drawdown
The "underwater" chart: DFAT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in DFAT?
See what a lump sum in DFAT would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
Dimensional Fund Advisors issues the U.S. Targeted Value Portfolio-ETF Class Shares, a fund tracking the US Small Cap category with $16.0B in assets. It holds a B grade, ranking 6th out of 18 peers and 115th among all tracked ETFs. The expense ratio of 0.29% exceeds the category median of 0.15%, while the dividend yield of 1.35% sits above the median of 1.24%. Top holdings constitute 10.3% of assets, with the largest position being a 4.1% stake in Dimensional Fund Advisors LP.
The fund’s one-year return of 21.74% outpaces the category median of 17.91%, though it has slipped -1.99% over the past three months. Year-to-date performance stands at +16.33%, with the price currently at 79.1% of its 52-week range. The ETFValuer grade was upgraded from C to B on 2026-10-13, based on available price history spanning 3.0 years.
With an annualised volatility of 14.30% labelled as Low, the fund has experienced a maximum drawdown of -26.12%. A Sharpe ratio of 1.17 indicates strong risk-adjusted returns relative to its volatility profile. Average daily volume of 282,518 shares provides liquidity, while beta data is not reported.
AI-generated summary based on the data on this page.
DFAT Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 4.12% | $596M |
| 2 | PERMIAN RESOURCES CORPORATION | 0.80% | $115M |
| 3 | OVINTIV INC. | 0.79% | $114M |
| 4 | HF SINCLAIR CORPORATION | 0.73% | $106M |
| 5 | BALL CORPORATION | 0.69% | $100M |
| 6 | PERFORMANCE FOOD GROUP COMPANY | 0.65% | $94M |
| 7 | APA CORPORATION | 0.63% | $92M |
| 8 | TOLL BROTHERS, INC. | 0.63% | $91M |
| 9 | CNH Industrial N.V. | 0.63% | $91M |
| 10 | BORGWARNER INC. | 0.62% | $90M |
Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 10.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how DFAT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With DFAT
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with DFAT's top 10 — DFSV overlaps most, holding 5 of the same companies as DFAT's top 10 (6.9% of DFAT's assets).
| ETF | Name | Shared Companies | DFAT Weight | Examples |
|---|---|---|---|---|
| DFSV | DFA U.S. Small Cap Value Portfolio – ETF Class Shares | 5 | 6.9% | DIMENSIONAL FUND ADVISORS LP, OVINTIV INC., HF SINCLAIR CORPORATION… |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 2 | 1.3% | PERFORMANCE FOOD GROUP COMPANY, TOLL BROTHERS, INC. |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | 2 | 1.3% | PERFORMANCE FOOD GROUP COMPANY, TOLL BROTHERS, INC. |
| DFAC | U.S. Core Equity 2 Portfolio-ETF Class Shares | 1 | 4.1% | DIMENSIONAL FUND ADVISORS LP |
| DFAX | Dimensional World ex U.S. Core Equity 2 ETF | 1 | 4.1% | DIMENSIONAL FUND ADVISORS LP |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What DFAT's Fees Cost You
DFAT charges an expense ratio of 0.29% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
DFAT Dividend Income Estimator
DFAT currently yields 1.35%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
DFAT Liquidity, Domicile & Tax Treatment
Liquidity: Average daily volume is 283K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $16.0B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: DFAT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
DFAT Performance History
| Period | Return |
|---|---|
| 1-Day | -0.33% |
| 1-Week | +1.67% |
| 1-Month | +2.14% |
| 3-Month | -1.99% |
| 6-Month | +4.67% |
| YTD | +16.33% |
| 1-Year | +21.74% |
| 3-Year | +67.80% |
How DFAT Compares to Other US Small Cap ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #66 | B |
VBR | Vanguard Morningstar Small-Cap Value ETF | +18.03% | 0.05% | $64.1B |
| #78 | B |
AVUV | Avantis US Small Cap Value ETF | +25.97% | 0.25% | $30.4B |
| #94 | B |
DFSV | DFA U.S. Small Cap Value Portfolio – ETF Class Shares | +24.84% | 0.31% | $26.5B |
| #113 | B |
IWN | iShares Russell 2000 Value ETF | +21.81% | 0.24% | $13.8B |
| #114 | B |
IJR | iShares Core S&P Small-Cap ETF | +17.74% | 0.06% | $103B |
| #115 | B |
DFAT | U.S. Targeted Value Portfolio-ETF Class Shares | +21.74% | 0.29% | $16.0B |
| #146 | B |
VB | Vanguard Morningstar Small-Cap ETF | +14.54% | 0.03% | $176B |
| #150 | B |
SPSM | State Street SPDR Portfolio S&P 600 Small Cap ETF | +17.91% | 0.03% | $15.7B |
| #154 | B |
SCHA | Schwab U.S. Small-Cap ETF | +17.92% | 0.03% | $21.7B |
| #162 | B |
IJS | iShares S&P Small-Cap 600 Value ETF | +20.30% | 0.18% | $7.60B |
| #165 | B |
SLYV | State Street SPDR S&P 600 Small Cap Value ETF | +20.56% | 0.15% | $4.71B |
| #174 | C |
VIOO | Vanguard S&P Small-Cap 600 Index Fund ETF Shares | +17.93% | 0.07% | $6.09B |
| #198 | C |
IWM | iShares Russell 2000 ETF | +14.47% | 0.19% | $78.0B |
| #207 | C |
VTWO | Vanguard Russell 2000 Index Fund ETF Shares | +14.62% | 0.06% | $17.3B |
| #230 | C |
IJT | iShares S&P Small-Cap 600 Growth ETF | +14.85% | 0.18% | $7.62B |
| #232 | C |
SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | +14.97% | 0.15% | $4.73B |
| #255 | C |
VBK | Vanguard Morningstar Small-Cap Growth ETF | +9.80% | 0.05% | $42.9B |
| #333 | C |
IWO | iShares Russell 2000 Growth ETF | +7.71% | 0.24% | $14.1B |