DISV Fees and Costs — Dimensional International Small Cap Value ETF
Data updated: 2026-09-24
The net expense ratio is 0.42%: a 0.39% management fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $363K in broker commissions, 0.0128% of average net assets, and portfolio turnover was 8%.
DISV Fees and Expenses
Annual operating expenses and sales charges of DISV. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.39% |
| 12b-1 fee | — |
| Other expenses | 0.03% |
| Gross expense ratio | 0.42% |
| Fee waiver | — |
| Net expense ratio | 0.42% |
| 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 |
DISV Costs Over Time
On $10,000 invested in DISV, assuming 5% a year before costs, total costs come to $274 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 0.42%) | $44 | $138 | $241 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $7 | $25 |
| Total costs | $45 | $150 | $274 |
| Value after costs | $10,455 | $11,427 | $12,489 |
| Impact on return, per year | 0.45% | 0.45% | 0.45% |
DISV 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): 0.0128%
- Total broker commissions: $363K
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 8%
- Securities on loan, average value: $115.0M
- Net income from securities lending: $1.5M (0.054% of average net assets)
DISV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $110K | 30.40% |
| Instinet, LLC | $100K | 27.53% |
| Virtu Americas LLC | $76K | 21.01% |
| Goldman Sachs & Co. LLC | $35K | 9.69% |
| UBS Securities LLC | $29K | 7.89% |
| Loop Capital Markets LLC | $6K | 1.64% |
| Citigroup Global Markets Inc. | $3K | 0.87% |
| J.P. Morgan Securities LLC | $3K | 0.70% |
| BofA Securities, Inc. | $736 | 0.20% |
| Rosenblatt Securities Inc. | $224 | 0.06% |
DISV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $442.0M | 33.73% |
| Virtu Americas LLC | $304.3M | 23.22% |
| Goldman Sachs & Co. LLC | $224.4M | 17.13% |
| UBS Securities LLC | $215.2M | 16.42% |
| BofA Securities, Inc. | $119.9M | 9.15% |
| Morgan Stanley & Co. LLC | $3.3M | 0.25% |
| Macquarie Capital (USA) Inc. | $869K | 0.07% |
| Euroz Hartleys Securities Ltd | $228K | 0.02% |
| Jarden Securities Limited | $219K | 0.02% |
| Deutsche Bank Securities Inc. | $39K | 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.