Dimensional Lists US Marketwide Value ETF after Completing Mutual Fund-to-ETF Conversion
Dimensional further expanded its exchange-traded funds (ETFs) offering with the listing of the firm’s US Marketwide Value ETF, a conversion of its Tax-Managed US Marketwide Value Portfolio II mutual fund into an active transparent ETF.
Austin, TX—May 9, 2022—Dimensional Fund Advisors, a global leader in systematic investing, further expanded its exchange-traded funds (ETFs) offering with today’s listing of the firm’s US Marketwide Value ETF. This new fund is the result of Dimensional’s conversion of its Tax-Managed US Marketwide Value Portfolio II mutual fund into an active transparent ETF, the seventh and final planned conversion of the firm’s tax-managed mutual funds into ETFs since June 2021.
The new fund, which is listed on the New York Stock Exchange (NYSE), is:
• Net expense ratio1: 0.23%
• Description: US market solution that emphasizes companies with low prices in relation to their book values2 and targets higher expected returns and consistent exposure through a daily flexible process
“We are pleased to complete our final planned tax-managed mutual fund-to-ETF conversion, which provides tax-sensitive investors with another tool to manage capital gains,” said Co-CEO and Chief Investment Officer Gerard O’Reilly. “Dimensional is dedicated to continuous innovation within our well-constructed, broadly diversified investment solutions and delivering a full suite of ETFs to the financial professionals we work with.”
The conversion brings another $8 billion in assets to , now totaling 24 funds and approximately $50 billion in assets under management. This ETF suite complements the firm’s existing mutual funds and expanded separately managed accounts (SMAs) offerings, providing further choice in how clients access Dimensional’s research-driven investment process.
“Over the course of the last four decades, Dimensional has focused on empowering and equipping financial professionals with investment solutions that seek to deliver the best possible client and investment experience,” said Co-CEO Dave Butler. “Our growing ETF lineup furthers this mission and offers greater optionality for advisors and institutions to build asset allocations that better fit investors’ unique needs.”
1Dimensional has agreed to waive certain fees and, in certain instances, assume certain expenses of the ETF. Please read the ETF’s prospectus for details and more information.
2Book value is defined as the value of stockholder’s equity, as reported on a company’s balance sheet.
ABOUT DIMENSIONAL FUND ADVISORS
Dimensional is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, we help investors pursue higher expected returns through a systematic investment process that integrates research insights with advanced portfolio design, management, and trading while balancing tradeoffs that can impact returns. Dimensional is headquartered in Austin, Texas, and has 14 global offices across North America, Europe, and Asia. As of March 31, 2022, Dimensional manages $659 billion for investors worldwide. For more information, please visit .
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 information is not meant to constitute investment advice, a recommendation of any securities product or investment strategy (including account type), or an offer of any services or products for sale, nor is it intended to provide a sufficient basis on which to make an investment decision. Investors should consult with a financial professional regarding their individual circumstances before making investment decisions.
ETFs trade like stocks, fluctuate in market value, and may trade either at a premium or discount to their net asset value. 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 risks similar to those of stocks, including those regarding short-selling and margin account maintenance. Ordinary broker commissions may apply. Risks include loss of principal and fluctuating value. These risks are described in the Principal Risks section of the prospectus. Diversification does not eliminate the risk of market loss.
The investment objective of the Dimensional US Marketwide Value ETF is to achieve long-term capital appreciation.