The Dimensional US Small Cap Value ETF (DFSV) is an exchange-traded fund designed to provide exposure to U.S. small-cap companies with value characteristics. The ETF is managed by Dimensional Fund Advisors (DFA) and trades under the ticker DFSV on the NYSE Arca.

Classified as an actively managed equity ETF, the fund primarily invests in U.S. small-cap companies that trade at relatively low valuations compared with their underlying fundamentals. The investment strategy follows a systematic, research-driven approach that emphasizes factors such as value, company size, and profitability when constructing the portfolio.

Unlike an ETF designed to replicate a specific index, DFSV is actively managed. While it follows a disciplined investment process, portfolio managers have flexibility to trade securities in ways that seek to reduce transaction costs and capitalize on market opportunities while maintaining exposure to the fund's targeted characteristics.

Diversification and sector exposure

DFSV provides exposure primarily associated with:

• U.S. small-cap companies.

• Value investing strategy.

• Industrials.

• Financials.

• Consumer discretionary.

• Energy.

• Materials.

• Companies with relatively low valuation multiples.

The portfolio includes hundreds of companies across multiple sectors of the U.S. economy, providing broad diversification within the small-cap value segment.

The ETF's performance generally reflects both the performance of U.S. small-cap companies and the value style, which may perform differently from growth-oriented stocks during various market cycles.

Structure and costs

DFSV shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, helping keep the ETF's market price aligned with its net asset value (NAV).

The fund 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 US Small Cap Value ETF was launched in 2022 to provide investors with exposure to the U.S. small-cap value segment through an actively managed, factor-based investment strategy.

Since inception, the fund has invested in companies selected according to characteristics such as company size, valuation, and profitability, seeking to capture return factors identified through academic research on equity markets.

Over time, the ETF has reflected conditions in the U.S. small-cap market, as well as shifts between value and growth investment cycles.

Additional Information

Dimensional US Small Cap Value ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $8.21 billion.

Over the past 12 months, Dimensional US Small Cap Value ETF recorded a return of 34.91%, with its price trading between $29.73 and $39.93 during the same period.

The ETF is traded under the ticker DFSV.