DFEV Fees and Costs — Dimensional Emerging Markets Value ETF
Data updated: 2026-09-24
The net expense ratio is 0.43%: a 0.38% management fee plus 0.08% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $256K in broker commissions, 0.0264% of average net assets, and portfolio turnover was 14%.
DFEV Fees and Expenses
Annual operating expenses and sales charges of DFEV. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | — |
| Other expenses | 0.08% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.43% |
| 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 |
DFEV Costs Over Time
On $10,000 invested in DFEV, assuming 5% a year before costs, total costs come to $289 over 5 years, cutting the return by 0.48% 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 0.43%) | $45 | $142 | $247 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $48 | $158 | $289 |
| Value after costs | $10,452 | $11,418 | $12,474 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
DFEV 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): 0.0264%
- Total broker commissions: $256K
- Bought from dealers (principal trades, not a cost): $106.3M
- Portfolio turnover (prospectus): 14%
- Securities on loan, average value: $45.3M
- Net income from securities lending: $1.5M (0.150% of average net assets)
DFEV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $59K | 23.01% |
| J.P. Morgan Securities LLC | $56K | 21.80% |
| Jefferies LLC | $48K | 18.76% |
| Instinet, LLC | $41K | 16.06% |
| Virtu Americas LLC | $37K | 14.44% |
| Goldman Sachs & Co. LLC | $8K | 3.04% |
| BofA Securities, Inc. | $3K | 1.27% |
| Citigroup Global Markets Inc. | $2K | 0.79% |
| Mizuho Securities USA LLC | $1K | 0.55% |
| Loop Capital Markets LLC | $723 | 0.28% |
DFEV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $44.6M | 41.99% |
| UBS Securities LLC | $33.1M | 31.14% |
| J.P. Morgan Securities LLC | $25.0M | 23.47% |
| Mizuho Securities USA LLC | $1.8M | 1.73% |
| BofA Securities, Inc. | $1.8M | 1.67% |
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.