DFIS Fees and Costs — Dimensional International Small Cap ETF
Data updated: 2026-09-24
The net expense ratio is 0.39%: a 0.35% management fee plus 0.04% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $343K in broker commissions, 0.0117% of average net assets, and portfolio turnover was 9%.
DFIS Fees and Expenses
Annual operating expenses and sales charges of DFIS. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.04% |
| 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 |
DFIS Costs Over Time
On $10,000 invested in DFIS, assuming 5% a year before costs, total costs come to $254 over 5 years, cutting the return by 0.42% 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $7 | $23 |
| Total costs | $42 | $139 | $254 |
| Value after costs | $10,458 | $11,437 | $12,509 |
| Impact on return, per year | 0.42% | 0.42% | 0.42% |
DFIS 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): 0.0117%
- Total broker commissions: $343K
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 9%
- Securities on loan, average value: $172.5M
- Net income from securities lending: $2.1M (0.073% of average net assets)
DFIS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $96K | 27.90% |
| Instinet, LLC | $90K | 26.22% |
| Virtu Americas LLC | $70K | 20.45% |
| Goldman Sachs & Co. LLC | $40K | 11.77% |
| UBS Securities LLC | $25K | 7.39% |
| BofA Securities, Inc. | $6K | 1.80% |
| Loop Capital Markets LLC | $6K | 1.69% |
| Citigroup Global Markets Inc. | $4K | 1.23% |
| J.P. Morgan Securities LLC | $3K | 0.94% |
| Rosenblatt Securities Inc. | $2K | 0.61% |
DFIS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $942.1M | 39.84% |
| J.P. Morgan Securities LLC | $494.6M | 20.91% |
| UBS Securities LLC | $463.2M | 19.59% |
| Goldman Sachs & Co. LLC | $436.1M | 18.44% |
| Virtu Americas LLC | $27.9M | 1.18% |
| Macquarie Capital (USA) Inc. | $380K | 0.02% |
| ABN Amro Securities (USA) LLC | $197K | 0.01% |
| Jarden Securities Limited | $179K | 0.01% |
| Euroz Hartleys Securities Ltd | $131K | 0.01% |
| Argonaut Securities Pty Limited | $103K | 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.