DFEM Fees and Costs — Dimensional Emerging Markets Core Equity 2 ETF
Data updated: 2026-09-24
The net expense ratio is 0.39%: a 0.33% management fee plus 0.06% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $921K in broker commissions, 0.0178% of average net assets, and portfolio turnover was 9%.
DFEM Fees and Expenses
Annual operating expenses and sales charges of DFEM. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.33% |
| 12b-1 fee | — |
| Other expenses | 0.06% |
| Gross expense ratio | 0.39% |
| Fee waiver | — |
| Net expense ratio | 0.39% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DFEM Costs Over Time
On $10,000 invested in DFEM, assuming 5% a year before costs, total costs come to $258 over 5 years, cutting the return by 0.43% 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 0.39%) | $41 | $129 | $224 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $43 | $141 | $258 |
| Value after costs | $10,457 | $11,435 | $12,505 |
| Impact on return, per year | 0.43% | 0.43% | 0.43% |
DFEM 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): 0.0178%
- Total broker commissions: $921K
- Bought from dealers (principal trades, not a cost): $150.3M
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $320.2M
- Net income from securities lending: $11.8M (0.229% of average net assets)
DFEM Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $202K | 21.96% |
| J.P. Morgan Securities LLC | $190K | 20.62% |
| Instinet, LLC | $165K | 17.95% |
| UBS Securities LLC | $160K | 17.43% |
| Virtu Americas LLC | $160K | 17.34% |
| BofA Securities, Inc. | $14K | 1.56% |
| Goldman Sachs & Co. LLC | $13K | 1.37% |
| Citigroup Global Markets Inc. | $10K | 1.04% |
| Loop Capital Markets LLC | $4K | 0.43% |
| Mizuho Securities USA LLC | $3K | 0.30% |
DFEM Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $93.6M | 62.29% |
| UBS Securities LLC | $45.5M | 30.26% |
| BofA Securities, Inc. | $7.1M | 4.74% |
| Mizuho Securities USA LLC | $4.1M | 2.71% |
| Jefferies LLC | $9 | 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.