Dimensional Short-Duration Fixed Income ETF

Dimensional ETF Trust · 1 share class

Actively managed global bond ETF
One fund, 1 share class:DFSD
$6.58B NAV
1,603 positions · as of 2026-04-30 · filed 2026-06-29

Fund classification

Classified from what the fund holds · as of 2026 Q2

Dimensional Short-Duration Fixed Income ETF is an actively managed global bond ETF.

Asset class
Bonds
Region
Global
Management
Actively managed
Fund type
ETF
Credit quality
Investment grade
Rate sensitivity
Short duration

Fund profile

As filed in the prospectus · 2026 Q1

The investment objective of the Dimensional Short-Duration Fixed Income ETF (the Short-Duration Fixed Income ETF or Portfolio) is to maximize total returns from the universe of fixed income securities in which the Portfolio invests. Total return is comprised of income and capital appreciation.

Strategy · summarised

The fund actively manages a portfolio of investment-grade corporate and government debt securities with maturities within five years, adjusting exposure to lower-rated investment-grade bonds based on expected credit premiums and shifting between shorter and longer maturities depending on term premium expectations. The fund maintains a weighted average duration within one year below to one half year above the ICE BofA 1-5 Year US Corporate & Government Index, though it may deviate from this range at the manager's discretion. Because the fund does not track an index and actively selects securities, its performance may diverge from any benchmark.

Expenses
0.16%one share class
Share classGrossNet
DFSD0.17%0.16%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 20.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.44%
of net assets
Bonds98.84%
Cash & short-term1.68%
Other0.02%
Derivatives-0.10%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
International28.0%
Other21.5%
Financials13.1%
Government6.4%
11 smaller31.0%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 209 new84 exited

Largest new: KOMMUNALBANKEN AS, STORE CAPITAL LLC, NIPPON LIFE INSURANCE COMPANY, EATON CORPORATION, REPSOL E&P CAPITAL MARKETS US LLC, BOSTON PROPERTIES LIMITED PARTNERSHIP, BROADCOM INC., RCI BANQUE SA

Largest exited: STORE CAPITAL LLC, DNB BANK ASA, KfW, LA BANQUE TORONTO-DOMINION, COMMONWEALTH BANK OF AUSTRALIA, Citibank National Association, Aktiebolaget Svensk Exportkredit, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+4.33%
3-year
+16.71%
5-year
54 of 60 months
Volatility
1.73%
Worst 3-yr fall
-1.01%
Cumulative return· May 2023 – Apr 2026

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
4.00%
Avg maturity
3.34 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

10%
floating
Fixed rate90.0%
Floating rate9.8%
Zero-coupon or unclassified0.2%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y3-5y
<1y2.3%
1-3y29.8%
3-5y67.9%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2

More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.

Interest-rate duration
2.79 yr
approx. move per 100bp
Credit-spread duration
2.84 yr
approx. move per 100bp
If rates and spreads both rise 100bp

Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.

≈ -5.5%
of value
Credit spreads50%
Interest rates50%

Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.

Credit risk by quality

Share of the fund's spread duration carried by each credit tier.

+2.84
yrs total
Investment grade+2.84 yr
Where the risk sits on the curve

Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.

Interest rate2.79 yr total
3 mo5 yr
3 mo0.01 yr0%
1 yr1.00 yr36%
5 yr1.78 yr64%

10 yr and 30 yr are NEGATIVE (-0.00 yr, -0.00 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.

Credit spread2.84 yr total
3 mo5 yr
3 mo0.01 yr0%
1 yr1.05 yr37%
5 yr1.78 yr63%

10 yr and 30 yr are NEGATIVE (-0.00 yr, -0.00 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.

The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.

Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.01+0.01+0.00$7.9k$0
1 yr+1.00+1.05+0.00$691.0k$0
5 yr+1.78+1.78+0.00$1.17m$0
10 yr-0.00-0.00+0.00-$0$0
30 yr-0.00-0.00+0.00-$0$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Rate exposure by currency

Duration contribution in years, summing to the fund's 2.79 yr.

USD+2.35 yr
EUR+0.30 yr
NZD+0.09 yr
AUD+0.03 yr
CAD+0.02 yr
GBP+0.00 yr

This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
New Zealand4.50% · due 2030-05-152.09%$137.56M
DIMENSIONAL FUND ADVISORS LP1.68%$110.85M
United States of America4.63% · due 2028-09-300.77%$50.87M
ACCENTURE CAPITAL INC.4.05% · due 2029-10-040.74%$48.58M
NOVARTIS CAPITAL CORPORATION3.80% · due 2029-09-180.64%$42.20M
JOHNSON & JOHNSON4.80% · due 2029-06-010.57%$37.51M
CDP FINANCIAL INC.4.63% · due 2030-01-240.56%$36.64M
RADIAN GROUP INC.6.20% · due 2029-05-150.49%$31.98M
KOMMUNALBANKEN AS3.99% floating · due 2031-03-040.49%$31.97M
AKER BP ASA3.75% · due 2030-01-150.46%$29.94M
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Top 10 positions are 8.48% of net assets, top 25 14.59%, across 651 issuers.

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