DFAW Fees and Costs — Dimensional World Equity ETF
Data updated: 2026-09-24
The net expense ratio is 0.23% (0.24% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $469 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 0%.
DFAW Fees and Expenses
Annual operating expenses and sales charges of DFAW. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.02% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.24% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.23% |
| 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 |
DFAW Costs Over Time
On $10,000 invested in DFAW, assuming 5% a year before costs, total costs come to $146 over 5 years, cutting the return by 0.24% 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 0.23%) | $24 | $76 | $133 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $13 |
| Total costs | $24 | $80 | $146 |
| Value after costs | $10,476 | $11,497 | $12,617 |
| Impact on return, per year | 0.24% | 0.24% | 0.24% |
DFAW 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): 0.0001%
- Total broker commissions: $469
- Bought from dealers (principal trades, not a cost): $330.8M
- Portfolio turnover (prospectus): 0%
- Securities on loan, average value: $4.6M
- Net income from securities lending: $73K (0.010% of average net assets)
DFAW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $469 | 100.00% |
DFAW Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jane Street Capital, LLC | $166.5M | 50.32% |
| BofA Securities, Inc. | $96.0M | 29.03% |
| Virtu Americas LLC | $61.2M | 18.51% |
| Goldman Sachs & Co. LLC | $7.1M | 2.15% |
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.