DFAT — Dimensional U.S. Targeted Value ETF
US Small Cap Ranked #189 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 U.S. Targeted Value ETF (DFAT) is a US Small Cap fund issued by Dimensional Fund Advisors with $14.5 billion in assets. It holds a B grade (63.9/100) and ranks 10th among 18 peers in its category, placing it 189th out of 458 tracked ETFs overall. The fund carries a 0.28% expense ratio, which exceeds the category median of 0.15%, while offering a 1.35% dividend yield that is higher than the 0.90% median. Top holdings account for 12.7% of assets, with the largest position being Dimensional Fund Advisors LP at 5.9%.
The fund has delivered a 1-year return of +20.72%, slightly trailing the category median of +21.69%, though it shows stronger momentum over the past six months with a +13.98% gain. Year-to-date performance stands at +18.02%, contrasting with a -2.09% decline over the last month. The share price of $70.37 sits at 86.2% of its 52-week range, indicating it is near the upper end of recent trading levels. The ETFValuer grade of B has remained unchanged over the last 35 tracked days, and price history is available for 3.0 years.
With a beta of 0.94, the fund moves 94% as much as the broader market, accompanied by a moderate annualized volatility of 15.14%. It has experienced a maximum drawdown of -26.12% and maintains a Sharpe ratio of 1.04, suggesting reasonable risk-adjusted returns. Liquidity is supported by an average daily volume of 313,762 shares and a bid/ask spread of 0.50%. These metrics collectively describe a fund that has exhibited moderate price fluctuations and manageable trading costs relative to its size.
AI-generated summary based on the data on this page.
DFAT Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 5.87% | $803M |
| 2 | PERMIAN RESOURCES CORPORATION | 0.89% | $122M |
| 3 | WESCO INTERNATIONAL, INC. | 0.86% | $118M |
| 4 | CF INDUSTRIES HOLDINGS, INC. | 0.82% | $112M |
| 5 | AMKOR TECHNOLOGY, INC. | 0.78% | $107M |
| 6 | OVINTIV INC. | 0.73% | $100M |
| 7 | APA CORPORATION | 0.73% | $100M |
| 8 | VIATRIS INC. | 0.71% | $97M |
| 9 | TD SYNNEX CORPORATION | 0.67% | $92M |
| 10 | BALL CORPORATION | 0.67% | $91M |
Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 12.7% 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 (9.0% of DFAT's assets).
| ETF | Name | Shared Companies | DFAT Weight | Examples |
|---|---|---|---|---|
| DFSV | Dimensional US Small Cap Value ETF | 5 | 9.0% | DIMENSIONAL FUND ADVISORS LP, WESCO INTERNATIONAL, INC., OVINTIV INC.… |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 2 | 1.5% | WESCO INTERNATIONAL, INC., TD SYNNEX CORPORATION |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | 2 | 1.5% | WESCO INTERNATIONAL, INC., TD SYNNEX CORPORATION |
| SPYD | State Street SPDR Portfolio S&P 500 High Dividend ETF | 2 | 1.4% | APA CORPORATION, VIATRIS INC. |
| DFAC | Dimensional U.S. Core Equity 2 ETF | 1 | 5.9% | 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: 4.80% (as of 2026-09-08) — 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): 15.72 (as of 2026-09-08) — 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: 3.63% (as of 2026-08-01) — 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 0.28% 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: Quoted bid/ask spread is 0.50% and average daily volume is 314K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $14.5B 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 | -0.82% |
| 1-Week | 0.00% |
| 1-Month | -2.09% |
| 3-Month | +3.65% |
| 6-Month | +13.98% |
| YTD | +18.02% |
| 1-Year | +20.72% |
| 3-Year | +55.83% |
How DFAT Compares to Other US Small Cap ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #103 | B |
IWN | iShares Russell 2000 Value ETF | +27.42% | 0.24% | $14.4B |
| #117 | B |
AVUV | Avantis US Small Cap Value ETF | +25.48% | 0.25% | $31.2B |
| #144 | B |
SCHA | Schwab U.S. Small-Cap ETF | +24.66% | 0.03% | $22.6B |
| #152 | B |
IJR | iShares Core S&P Small-Cap ETF | +21.53% | 0.06% | $109B |
| #160 | B |
IWM | iShares Russell 2000 ETF | +23.26% | 0.19% | $80.5B |
| #167 | B |
VTWO | Vanguard Russell 2000 Index Fund ETF Shares | +23.49% | 0.06% | $17.9B |
| #174 | B |
VBR | Vanguard Morningstar Small-Cap Value ETF | +17.14% | 0.05% | $68.2B |
| #175 | B |
SPSM | State Street SPDR Portfolio S&P 600 Small Cap ETF | +21.69% | 0.03% | $16.9B |
| #176 | B |
DFSV | Dimensional US Small Cap Value ETF | +23.89% | 0.3% | $8.33B |
| #189 | B |
DFAT | Dimensional U.S. Targeted Value ETF | +20.72% | 0.28% | $14.5B |
| #192 | B |
IJS | iShares S&P Small-Cap 600 Value ETF | +23.64% | 0.18% | $8.25B |
| #199 | B |
VB | Vanguard Morningstar Small-Cap ETF | +16.47% | 0.03% | $185B |
| #200 | B |
SLYV | State Street SPDR S&P 600 Small Cap Value ETF | +23.72% | 0.15% | $5.00B |
| #209 | C |
VIOO | Vanguard S&P Small-Cap 600 Index Fund ETF Shares | +21.68% | 0.07% | $6.45B |
| #249 | C |
IJT | iShares S&P Small-Cap 600 Growth ETF | +19.22% | 0.18% | $8.21B |
| #255 | C |
SLYG | State Street SPDR S&P 600 Small Cap Growth ETF | +19.39% | 0.15% | $5.00B |
| #264 | C |
VBK | Vanguard Morningstar Small-Cap Growth ETF | +15.28% | 0.05% | $44.7B |
| #265 | C |
IWO | iShares Russell 2000 Growth ETF | +19.45% | 0.24% | $14.9B |