DFAU Fees and Costs — Dimensional US Core Equity Market ETF
Data updated: 2026-09-24
The net expense ratio is 0.12%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $72K in broker commissions, 0.0009% of average net assets, and portfolio turnover was 5%.
DFAU Fees and Expenses
Annual operating expenses and sales charges of DFAU. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.12% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.12% |
| Fee waiver | — |
| Net expense ratio | 0.12% |
| 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 |
DFAU Costs Over Time
On $10,000 invested in DFAU, assuming 5% a year before costs, total costs come to $77 over 5 years, cutting the return by 0.13% 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 0.12%) | $13 | $40 | $69 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $2 | $7 |
| Total costs | $13 | $42 | $77 |
| Value after costs | $10,487 | $11,534 | $12,686 |
| Impact on return, per year | 0.13% | 0.13% | 0.13% |
DFAU 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): 0.0009%
- Total broker commissions: $72K
- Bought from dealers (principal trades, not a cost): $2.2B
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $184.2M
- Net income from securities lending: $362K (0.005% of average net assets)
DFAU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $19K | 27.13% |
| Goldman Sachs & Co. LLC | $17K | 23.05% |
| Virtu Americas LLC | $15K | 20.53% |
| Instinet, LLC | $14K | 19.65% |
| Citigroup Global Markets Inc. | $4K | 5.46% |
| UBS Securities LLC | $2K | 2.28% |
| Loop Capital Markets LLC | $823 | 1.15% |
| Rosenblatt Securities Inc. | $245 | 0.34% |
| BofA Securities, Inc. | $211 | 0.29% |
| JonesTrading Institutional Services LLC | $87 | 0.12% |
DFAU Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $1.2B | 56.33% |
| Goldman Sachs & Co. LLC | $270.2M | 12.33% |
| Jane Street Capital, LLC | $265.2M | 12.10% |
| RBC Capital Markets, LLC | $226.8M | 10.35% |
| Virtu Americas LLC | $88.3M | 4.03% |
| Citigroup Global Markets Inc. | $80.9M | 3.69% |
| J.P. Morgan Securities LLC | $11.0M | 0.50% |
| BNY Mellon Capital Markets, LLC | $9.1M | 0.41% |
| ABN Amro Securities (USA) LLC | $5.9M | 0.27% |
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.