DFVX Fees and Costs — Dimensional US Large Cap Vector ETF
Data updated: 2026-09-24
The net expense ratio is 0.18%: a 0.16% management fee plus 0.02% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3K in broker commissions, 0.0008% of average net assets, and portfolio turnover was 4%.
DFVX Fees and Expenses
Annual operating expenses and sales charges of DFVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.16% |
| 12b-1 fee | — |
| Other expenses | 0.02% |
| Gross expense ratio | 0.19% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.18% |
| 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 |
DFVX Costs Over Time
On $10,000 invested in DFVX, assuming 5% a year before costs, total costs come to $115 over 5 years, cutting the return by 0.19% 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 0.18%) | $19 | $59 | $104 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $63 | $115 |
| Value after costs | $10,481 | $11,514 | $12,648 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
DFVX 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): 0.0008%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $260.7M
- Portfolio turnover (prospectus): 4%
- Securities on loan, average value: $4.0M
- Net income from securities lending: $5K (0.001% of average net assets)
DFVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $1K | 36.34% |
| Instinet, LLC | $768 | 25.82% |
| Virtu Americas LLC | $616 | 20.70% |
| Goldman Sachs & Co. LLC | $386 | 13.00% |
| Citigroup Global Markets Inc. | $85 | 2.86% |
| Loop Capital Markets LLC | $29 | 0.98% |
| Rosenblatt Securities Inc. | $5 | 0.17% |
| UBS Securities LLC | $4 | 0.13% |
DFVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $210.2M | 80.63% |
| Virtu Americas LLC | $27.2M | 10.45% |
| Citigroup Global Markets Inc. | $13.3M | 5.10% |
| UBS Securities LLC | $6.6M | 2.53% |
| Goldman Sachs & Co. LLC | $3.4M | 1.29% |
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.