DFAI Fees and Costs — Dimensional International Core Equity Market ETF
Data updated: 2026-09-24
The net expense ratio is 0.18%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $461K in broker commissions, 0.0049% of average net assets, and portfolio turnover was 7%.
DFAI Fees and Expenses
Annual operating expenses and sales charges of DFAI. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.18% |
| Fee waiver | — |
| Net expense ratio | 0.18% |
| 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 |
DFAI Costs Over Time
On $10,000 invested in DFAI, assuming 5% a year before costs, total costs come to $118 over 5 years, cutting the return by 0.19% 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $3 | $11 |
| Total costs | $19 | $64 | $118 |
| Value after costs | $10,481 | $11,512 | $12,645 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
DFAI 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): 0.0049%
- Total broker commissions: $461K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 7%
- Securities on loan, average value: $195.4M
- Net income from securities lending: $2.2M (0.024% of average net assets)
DFAI Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $135K | 29.25% |
| Instinet, LLC | $130K | 28.22% |
| Virtu Americas LLC | $100K | 21.81% |
| UBS Securities LLC | $56K | 12.07% |
| Goldman Sachs & Co. LLC | $17K | 3.59% |
| BofA Securities, Inc. | $13K | 2.73% |
| Loop Capital Markets LLC | $9K | 1.94% |
| J.P. Morgan Securities LLC | $2K | 0.34% |
| Citigroup Global Markets Inc. | $210 | 0.05% |
| Rosenblatt Securities Inc. | $42 | 0.01% |
DFAI Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2.1B | 85.61% |
| J.P. Morgan Securities LLC | $247.3M | 10.02% |
| Jane Street Capital, LLC | $60.0M | 2.43% |
| UBS Securities LLC | $32.0M | 1.30% |
| Goldman Sachs & Co. LLC | $14.9M | 0.60% |
| Macquarie Capital (USA) Inc. | $536K | 0.02% |
| Jarden Securities Limited | $134K | 0.01% |
| Euroz Hartleys Securities Ltd | $47K | 0.00% |
| Argonaut Securities Pty Limited | $43K | 0.00% |
| Pershing LLC | $30K | 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.