DFSD Fees and Costs — Dimensional Short-Duration Fixed Income ETF
Data updated: 2026-09-24
The net expense ratio is 0.16%: a 0.15% management fee plus 0.02% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 20%.
DFSD Fees and Expenses
Annual operating expenses and sales charges of DFSD. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.17% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.16% |
| 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 |
DFSD Costs Over Time
On $10,000 invested in DFSD, assuming 5% a year before costs, total costs come to $102 over 5 years, cutting the return by 0.17% 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 0.16%) | $17 | $53 | $93 |
| Lost growth on money paid in costs | $0 | $3 | $9 |
| Total costs | $17 | $55 | $102 |
| Value after costs | $10,483 | $11,521 | $12,661 |
| Impact on return, per year | 0.17% | 0.17% | 0.17% |
DFSD 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.6B
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $73.1M
- Net income from securities lending: $286K (0.006% of average net assets)
DFSD Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.1B | 38.41% |
| Goldman Sachs & Co. LLC | $457.4M | 15.85% |
| BofA Securities, Inc. | $427.5M | 14.81% |
| Jane Street Capital, LLC | $246.9M | 8.56% |
| Barclays Capital Inc. | $145.0M | 5.02% |
| Natwest Markets Securities Inc. | $121.9M | 4.22% |
| MarketAxess Corporation | $105.3M | 3.65% |
| Citigroup Global Markets Inc. | $94.4M | 3.27% |
| Mizuho Securities USA LLC | $91.1M | 3.16% |
| Morgan Stanley & Co. LLC | $88.2M | 3.05% |
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.