DFAX Fees and Costs — Dimensional World ex U.S. Core Equity 2 ETF
Data updated: 2026-09-24
The net expense ratio is 0.28%: a 0.25% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $365K in broker commissions, 0.0045% of average net assets, and portfolio turnover was 5%.
DFAX Fees and Expenses
Annual operating expenses and sales charges of DFAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.28% |
| Fee waiver | — |
| Net expense ratio | 0.28% |
| 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 |
DFAX Costs Over Time
On $10,000 invested in DFAX, assuming 5% a year before costs, total costs come to $181 over 5 years, cutting the return by 0.30% 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 0.28%) | $29 | $92 | $161 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $5 | $16 |
| Total costs | $30 | $99 | $181 |
| Value after costs | $10,470 | $11,478 | $12,582 |
| Impact on return, per year | 0.30% | 0.30% | 0.30% |
DFAX 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): 0.0045%
- Total broker commissions: $365K
- Bought from dealers (principal trades, not a cost): $310.5M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $510.3M
- Net income from securities lending: $7.4M (0.091% of average net assets)
DFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $101K | 27.57% |
| Virtu Americas LLC | $80K | 21.89% |
| Instinet, LLC | $77K | 21.15% |
| UBS Securities LLC | $39K | 10.81% |
| BofA Securities, Inc. | $29K | 7.96% |
| Goldman Sachs & Co. LLC | $19K | 5.34% |
| J.P. Morgan Securities LLC | $13K | 3.47% |
| Loop Capital Markets LLC | $3K | 0.94% |
| Citigroup Global Markets Inc. | $3K | 0.78% |
| Rosenblatt Securities Inc. | $293 | 0.08% |
DFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $148.6M | 47.87% |
| J.P. Morgan Securities LLC | $60.6M | 19.51% |
| UBS Securities LLC | $56.8M | 18.29% |
| Goldman Sachs & Co. LLC | $43.7M | 14.08% |
| Macquarie Capital (USA) Inc. | $425K | 0.14% |
| Jarden Securities Limited | $115K | 0.04% |
| Euroz Hartleys Securities Ltd | $87K | 0.03% |
| Argonaut Securities Pty Limited | $74K | 0.02% |
| Morgan Stanley & Co. LLC | $54K | 0.02% |
| Illiquidx Limited | $41K | 0.01% |
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.