The Dimensional International Value ETF (DFIV) is an exchange-traded fund designed to provide exposure to value-oriented companies across developed markets outside the United States. The ETF is managed by Dimensional Fund Advisors (DFA) and trades under the ticker DFIV on the NYSE Arca.

Classified as an international value equity ETF, the fund invests in companies trading at valuations considered attractive relative to their fundamentals. Its strategy seeks to capture the long-term return potential associated with the value factor through a systematic, research-driven investment approach.

The ETF follows a rules-based active management strategy rather than tracking a specific index. Dimensional applies a disciplined investment process that emphasizes value characteristics, profitability, and, where appropriate, smaller market capitalizations while maintaining broad diversification across countries and industries.

Diversification and sector exposure

DFIV provides exposure primarily associated with:

• International value stocks.

• Developed markets.

• Financial services.

• Industrials.

• Consumer sectors.

• Healthcare.

• Materials.

• Large- and mid-cap companies.

The portfolio includes companies from a broad range of developed markets outside the United States, including countries such as Japan, the United Kingdom, France, Germany, Canada, Switzerland, and Australia.

The ETF's performance reflects both the broader performance of developed international equity markets and the behavior of value stocks, which may perform differently from growth-oriented companies across various market cycles.

Structure and costs

DFIV shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF's market price with its net asset value (NAV).

Because the fund employs a systematic active strategy, portfolio holdings may be adjusted continuously as company characteristics and market conditions evolve.

The ETF charges a management fee as outlined in its prospectus and does not apply a performance fee. Dividends received from portfolio holdings may be distributed periodically to shareholders according to the fund's distribution policy.

History and evolution of the ETF

The Dimensional International Value ETF was launched in 2022 as part of Dimensional's ETF lineup built on decades of academic research into factor-based investing. Since inception, the fund has provided investors with a diversified approach to accessing international value stocks across developed markets outside the United States.

In recent years, shifts in interest-rate cycles, changes in equity valuations, and the relative performance of value and growth stocks have continued to shape the investment environment for this segment of international equity markets.

Additional Information

Dimensional International Value ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $20.17 billion.

Over the past 12 months, Dimensional International Value ETF recorded a return of 33.38%, with its price trading between $42.72 and $56.23 during the same period.

The ETF is traded under the ticker DFIV.