DFAE Fees and Costs — Dimensional Emerging Core Equity Market ETF
Data updated: 2026-09-24
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $778K in broker commissions, 0.0138% of average net assets, and portfolio turnover was 6%.
DFAE Fees and Expenses
Annual operating expenses and sales charges of DFAE. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
DFAE Costs Over Time
On $10,000 invested in DFAE, assuming 5% a year before costs, total costs come to $193 over 5 years, cutting the return by 0.32% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $5 | $18 |
| Total costs | $32 | $105 | $193 |
| Value after costs | $10,468 | $11,471 | $12,570 |
| Impact on return, per year | 0.32% | 0.32% | 0.32% |
DFAE 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): 0.0138%
- Total broker commissions: $778K
- Bought from dealers (principal trades, not a cost): $197.2M
- Portfolio turnover (prospectus): 6%
- Securities on loan, average value: $270.2M
- Net income from securities lending: $8.8M (0.155% of average net assets)
DFAE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $180K | 23.15% |
| UBS Securities LLC | $171K | 21.96% |
| Jefferies LLC | $153K | 19.67% |
| Virtu Americas LLC | $113K | 14.52% |
| Instinet, LLC | $113K | 14.48% |
| BofA Securities, Inc. | $22K | 2.79% |
| Goldman Sachs & Co. LLC | $16K | 2.06% |
| Citigroup Global Markets Inc. | $4K | 0.51% |
| Loop Capital Markets LLC | $4K | 0.51% |
| Mizuho Securities USA LLC | $3K | 0.34% |
DFAE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $109.2M | 55.36% |
| UBS Securities LLC | $68.1M | 34.52% |
| BofA Securities, Inc. | $13.5M | 6.87% |
| Mizuho Securities USA LLC | $5.9M | 2.99% |
| Goldman Sachs & Co. LLC | $522K | 0.26% |
| Jefferies LLC | $18 | 0.00% |
| Instinet, LLC | $0 | 0.00% |
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.