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CNBC’s ‘ETF Edge’ Talks with Co-CEO Gerard O’Reilly

Dimensional Co-CEO Gerard O’Reilly speaks with CNBC’s Bob Pisani and ETF Store President Nate Geraci on “ETF Edge.” They discuss the market’s reaction to the US Federal Reserve’s stance on tapering (0:38), Dimensional’s investment philosophy (1:57), expected 2022 performance for small cap and value stocks (3:28), the firm’s new offerings in ETFs (7:54), the expansion of Dimensional SMAs (17:52), and more.

 

 

DISCLOSURES

US market returns based on the Russel 3000 Index returns from 1983-2020.  Return of small value in excess of large growth sourced from https://mba.tuck.dartmouth.edu/pages/faculty/ken.french/Data_Library/f-f_factors.html.   Eugene Fama and Ken French are members of the Board of Directors of the general partner of, and provide consulting services to, Dimensional Fund Advisors LP.

RISKS

Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original value. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful.

ETFs trade like stocks, fluctuate in market value and may trade either at a premium or discount to their net asset value (NAV). ETF shares trade at market price and are not individually redeemable with the issuing fund, other than in large share amounts called creation units. ETFs are subject to risk similar to those of stocks, including those regarding short-selling and margin account maintenance. Brokerage commissions and expenses will reduce returns.

Fixed income securities are subject to increased loss of principal during periods of rising interest rates. Fixed income investments are subject to various other risks, including changes in credit quality, liquidity, prepayments, call risk, and other factors. Municipal securities are subject to the risks of adverse economic and regulatory changes in their issuing states.

Performance data shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than the performance shown. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent month-end and standardized performance for the ETFs, visit  https://us.dimensional.com/etfs.  

Prior to listing on June 14, 2021, the following ETFs operated as mutual funds: US Equity ETF, US Core Equity 2 ETF, US Small Cap ETF, and US Targeted Value ETF. Prior to listing on September 13, 2021, the following ETFs operated as mutual funds: International Value ETF and World ex US Core Equity 2 ETF. The NAVs of the predecessor mutual fund are used for both NAV and market price performance from inception to listing.

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Indices are not available for direct investment. Their performance does not reflect the expenses associated with management of an actual portfolio.

Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission.  Consider the investment objectives, risks, and charges and expenses of the Dimensional funds carefully before investing. For this and other information about the Dimensional funds, please read the prospectus carefully before investing. Prospectuses are available by calling Dimensional Fund Advisors collect at (512) 306-7400 or at us.dimensional.com. Dimensional funds are distributed by DFA Securities LLC.

This material is for informational purposes only. A registration statement about ten new series of the Dimensional ETF Trust has been filed with the Securities and Exchange Commission but has not yet become effective. Information about the series is not complete and may be changed. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Prospective investors should consult their professional advisors as to the suitability of any investment in light of their particular circumstances and applicable citizenship, residence, or domicile. Certain products offered by Dimensional Fund Advisors may not be available to all entities or persons.