DFAC Fees and Costs — Dimensional U.S. Core Equity 2 ETF
Data updated: 2026-09-24
The net expense ratio is 0.17%: a 0.16% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $687K in broker commissions, 0.0020% of average net assets, and portfolio turnover was 4%.
DFAC Fees and Expenses
Annual operating expenses and sales charges of DFAC. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.17% |
| Fee waiver | — |
| Net expense ratio | 0.17% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DFAC Costs Over Time
On $10,000 invested in DFAC, assuming 5% a year before costs, total costs come to $109 over 5 years, cutting the return by 0.18% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.17%) | $18 | $56 | $98 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $18 | $60 | $109 |
| Value after costs | $10,482 | $11,517 | $12,653 |
| Impact on return, per year | 0.18% | 0.18% | 0.18% |
DFAC Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0020%
- Total broker commissions: $687K
- Bought from dealers (principal trades, not a cost): $6.1B
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $1.2B
- Net income from securities lending: $2.2M (0.006% of average net assets)
DFAC Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $169K | 24.70% |
| Goldman Sachs & Co. LLC | $140K | 20.47% |
| Instinet, LLC | $130K | 18.98% |
| Jefferies LLC | $126K | 18.33% |
| Citigroup Global Markets Inc. | $72K | 10.44% |
| Loop Capital Markets LLC | $19K | 2.77% |
| UBS Securities LLC | $15K | 2.21% |
| Rosenblatt Securities Inc. | $11K | 1.55% |
| JonesTrading Institutional Services LLC | $3K | 0.39% |
| BofA Securities, Inc. | $1K | 0.16% |
DFAC Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2.1B | 34.02% |
| Goldman Sachs & Co. LLC | $1.5B | 23.95% |
| Jefferies LLC | $905.1M | 14.75% |
| Jane Street Capital, LLC | $588.5M | 9.59% |
| Citigroup Global Markets Inc. | $382.7M | 6.24% |
| Virtu Americas LLC | $234.2M | 3.82% |
| Nomura Securities International, Inc. | $185.1M | 3.02% |
| RBC Capital Markets, LLC | $182.6M | 2.97% |
| J.P. Morgan Securities LLC | $67.1M | 1.09% |
| ABN Amro Securities (USA) LLC | $34.5M | 0.56% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.