Dimensional - US Targeted Value ETF

The Dimensional U.S. Targeted Value ETF (DFAT) is an actively managed, tax-efficient exchange-traded fund issued by Dimensional Fund Advisors (DFA), a privately owned global investment firm founded in 1981 and headquartered in Austin, Texas, with over $1 trillion in assets under management. The fund seeks to achieve long-term capital appreciation while minimizing federal income taxes on returns by investing at least 80% of its net assets in securities of U.S. companies, with a primary focus on mid- and small-cap value stocks characterized by lower relative prices and higher profitability potential across a diversified portfolio of approximately 1,400 holdings. Originally launched as a mutual fund in December 1998 and converted to an ETF on June 14, 2021, DFAT trades on the NYSE Arca with approximately $14.4 billion in assets under management, a net expense ratio of 0.28%, and benchmarks its performance against the Russell 2000 Value Index and the Russell 3000 Index. The fund employs a systematic, research-driven investment philosophy rooted in academic finance, evaluating securities based on relative price, profitability, and investment characteristics, with significant sector concentration in Financial Services (~28%) and Industrials (~17%).