Dimensional Ultrashort Fixed Income ETF
Actively managed global bond ETF
The investment objective of the Dimensional Ultrashort Fixed Income ETF (the Ultrashort Fixed Income ETF or Portfolio) is to seek to maximize total returns. Total return is comprised of income and capital appreciation.
The fund actively manages a portfolio of investment-grade fixed income securities maturing within one year, with flexibility to hold positions maturing within two years when yields are more attractive. It invests across U.S. Treasuries, agency debt, corporate obligations, commercial paper, bank certificates of deposit, and foreign government securities denominated in dollars, adjusting its maturity positioning based on expected term premiums. Because security selection depends on the manager's assessment of relative value across eligible maturities and issuers, fund performance will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
Cooperatieve Rabobank UA (New York Branch) 4.06% floating · due 2028-01-14 | 1.51% | $28.04M | — |
SANOFI SA 4.13% floating · due 2027-11-03 | 1.29% | $24.07M | — |
LVMH MOET HENNESSY LOUIS VUITTON SE | 1.06% | $19.67M | — |
CISCO SYSTEMS, INC. | 1.01% | $18.76M | — |
Chevron U.S.A. Inc. 4.02% floating · due 2027-02-26 | 0.98% | $18.35M | — |
INTERNATIONAL FINANCE CORPORATION 3.92% floating · due 2027-07-30 | 0.98% | $18.34M | — |
Mizuho Financial Group, Inc. 3.17% · due 2027-09-11 | 0.93% | $17.33M | — |
PFIZER INC. 4.16% floating · due 2027-11-15 | 0.87% | $16.14M | — |
SIMON PROPERTY GROUP, L.P. | 0.86% | $15.93M | — |
CHEVRON PHILLIPS CHEMICAL COMPANY LLC | 0.85% | $15.92M | — |
The 200 largest of 472 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 | 78.11% |
| Cash & short-term | 20.82% |
By sector
- International
- 24.9%
- Other
- 19.8%
- Financials
- 15.5%
- Utilities
- 7.7%
- 11 other sectors
- 32.1%
- International
- 24.9%
- Other
- 19.8%
- Financials
- 15.5%
- Utilities
- 7.7%
- Real Estate
- 5.5%
- Information Technology
- 5.4%
- Health Care
- 5.2%
- Consumer Staples
- 4.0%
- Cash
- 3.7%
- Industrials
- 2.3%
- Consumer Discretionary
- 2.3%
- Materials
- 1.7%
- Energy
- 1.0%
- Government
- 0.8%
- Communication Services
- 0.2%
How it has done
DUSB share class · total returns with dividends reinvested
Volatility over the last 12 months: 0.17%. Past returns are a record, not a forecast.
May 2026 and 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 Ultrashort 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
- 0.15%· DUSB 0.15%
- Portfolio turnover
- 33.00% a year · as of 2026 Q1
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.
254 new· the largest 8
154 exited· the largest 8
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 | 51.4% |
| Floating rate | 48.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 66.7% |
| 1-3y | 33.3% |
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 | 69% |
| Interest rates | 31% |
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 | +0.62 yr |
| High yield | +0.00 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 | 0.09 yr | 32% |
| 1 yr | 0.17 yr | 62% |
| 5 yr | 0.02 yr | 7% |
| 3 mo | 0.14 yr | 23% |
| 1 yr | 0.43 yr | 70% |
| 5 yr | 0.05 yr | 7% |
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 | +0.09 | +0.14 | +0.00 | $26.1k | $164 |
| 1 yr | +0.17 | +0.43 | +0.00 | $80.0k | $220 |
| 5 yr | +0.02 | +0.05 | +0.00 | $8.6k | $5 |
| 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.
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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