Dimensional Short-Duration Fixed Income ETF
Actively managed global bond ETF
As of its 2026 Q2 report, Dimensional Short-Duration Fixed Income ETF held 1,603 positions with $6.58B in net assets. Its ten largest holdings made up 8.5% of the fund. The DFSD share class costs 0.16% a year. Over the 12 months to May 2026, DFSD returned 4.4%, with dividends reinvested. In 2026 Q3 it added 138 new positions and exited 145.
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.
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.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
New Zealand 4.50% · due 2030-05-15 | 2.09% | $137.56M | — |
DIMENSIONAL FUND ADVISORS LP | 1.68% | $110.85M | — |
United States of America 4.63% · due 2028-09-30 | 0.77% | $50.87M | — |
ACCENTURE CAPITAL INC. 4.05% · due 2029-10-04 | 0.74% | $48.58M | — |
NOVARTIS CAPITAL CORPORATION 3.80% · due 2029-09-18 | 0.64% | $42.20M | — |
JOHNSON & JOHNSON 4.80% · due 2029-06-01 | 0.57% | $37.51M | — |
CDP FINANCIAL INC. 4.63% · due 2030-01-24 | 0.56% | $36.64M | — |
RADIAN GROUP INC. 6.20% · due 2029-05-15 | 0.49% | $31.98M | — |
KOMMUNALBANKEN AS 3.99% floating · due 2031-03-04 | 0.49% | $31.97M | — |
AKER BP ASA 3.75% · due 2030-01-15 | 0.46% | $29.94M | — |
The 200 largest of 1,603 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 98.84% |
| Cash & short-term | 1.68% |
| Other | 0.02% |
| 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.
By sector
- International
- 25.6%
- Other
- 20.3%
- Financials
- 11.7%
- Government
- 9.6%
- 11 other sectors
- 32.8%
- International
- 25.6%
- Other
- 20.3%
- Financials
- 11.7%
- Government
- 9.6%
- Health Care
- 6.6%
- Real Estate
- 5.3%
- Information Technology
- 4.3%
- Communication Services
- 3.2%
- Consumer Discretionary
- 3.2%
- Consumer Staples
- 2.7%
- Utilities
- 2.2%
- Cash
- 1.8%
- Industrials
- 1.5%
- Energy
- 1.5%
- Materials
- 0.6%
How it has done
DFSD share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.73%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
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
- Expense ratio, by class
- 0.16%· DFSD 0.16%
- Portfolio turnover
- 20.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
138 new· the largest 4
145 exited· the largest 7
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 90.0% |
| Floating rate | 9.8% |
| Zero-coupon or unclassified | 0.2% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 2.3% |
| 1-3y | 29.8% |
| 3-5y | 67.9% |
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.
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.
| Credit spreads | 50% |
| Interest rates | 50% |
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.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.84 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 1.00 yr | 36% |
| 5 yr | 1.78 yr | 64% |
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.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 1.05 yr | 37% |
| 5 yr | 1.78 yr | 63% |
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
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/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.
Duration contribution in years, summing to the fund's 2.79 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.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
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