DFSE Fees and Costs — Dimensional Emerging Markets Sustainability Core 1 ETF
Data updated: 2026-09-24
The net expense ratio is 0.41%: a 0.35% management fee plus 0.09% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $84K in broker commissions, 0.0218% of average net assets, and portfolio turnover was 13%.
DFSE Fees and Expenses
Annual operating expenses and sales charges of DFSE. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.09% |
| Gross expense ratio | 0.44% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.41% |
| 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 |
DFSE Costs Over Time
On $10,000 invested in DFSE, assuming 5% a year before costs, total costs come to $273 over 5 years, cutting the return by 0.45% 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 0.41%) | $43 | $135 | $236 |
| Trading costs (broker commissions) | $2 | $7 | $13 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $149 | $273 |
| Value after costs | $10,455 | $11,427 | $12,490 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
DFSE 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): 0.0218%
- Total broker commissions: $84K
- Bought from dealers (principal trades, not a cost): $9.7M
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $11.6M
- Net income from securities lending: $415K (0.108% of average net assets)
DFSE Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $19K | 23.03% |
| Instinet, LLC | $18K | 21.76% |
| J.P. Morgan Securities LLC | $18K | 21.55% |
| Virtu Americas LLC | $18K | 21.17% |
| UBS Securities LLC | $6K | 7.33% |
| BofA Securities, Inc. | $2K | 1.98% |
| Citigroup Global Markets Inc. | $843 | 1.01% |
| Goldman Sachs & Co. LLC | $819 | 0.98% |
| Mizuho Securities USA LLC | $668 | 0.80% |
| Loop Capital Markets LLC | $325 | 0.39% |
DFSE Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7.8M | 80.54% |
| Mizuho Securities USA LLC | $1.0M | 10.50% |
| BofA Securities, Inc. | $436K | 4.50% |
| Virtu Americas LLC | $432K | 4.46% |
| Jefferies LLC | $15 | 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.