Dimensional U.S. Small Cap ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, Dimensional U.S. Small Cap ETF held 2,125 positions with $14.04B in net assets. Its ten largest holdings made up 13.6% of the fund. The DFAS share class costs 0.26% a year. Over the 12 months to May 2026, DFAS returned 29.4%, with dividends reinvested. In 2026 Q3 it added 76 new positions and exited 142.
The investment objective of the Dimensional U.S. Small Cap ETF (the US Small Cap ETF or Portfolio) is to achieve long-term capital appreciation while minimizing federal income taxes on returns.
The fund uses a market-capitalization-weighted approach to invest in a broad portfolio of U.S. small-cap companies, with an emphasis on those with lower relative price, higher profitability, or smaller size within the small-cap universe. The manager actively adjusts holdings based on shorter-term factors including price momentum and investment characteristics, and employs tax-loss harvesting to minimize realized capital gains. Because the fund's holdings and weightings reflect active management decisions rather than a fixed index, performance may diverge materially from any small-cap benchmark. The fund is actively managed and may engage in securities lending and use derivatives to manage cash flows.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
DIMENSIONAL FUND ADVISORS LP | 8.84% | $1.24B | — | — |
CITIBANK NA | 2.50% | $351.17M | — | — |
0.34% | $47.52M | 681.3K | $69.75 | |
0.34% | $47.27M | 298.7K | $158.22 | |
0.29% | $41.03M | 106.9K | $383.91 | |
0.29% | $40.39M | 115.7K | $349.12 | |
0.28% | $38.76M | 152.2K | $254.63 | |
0.26% | $36.10M | 122.3K | $295.06 | |
0.25% | $34.78M | 610.5K | $56.97 | |
0.25% | $34.50M | 847.1K | $40.73 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 2,125 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%.
| Stocks | 99.83% |
| Cash & short-term | 11.34% |
| Other | 0.01% |
These positions come to 111.18% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Derivatives are shown at market value, not notional exposure.
By sector
- Financials
- 19.4%
- Industrials
- 18.2%
- Consumer Discretionary
- 12.0%
- Health Care
- 11.5%
- 11 other sectors
- 38.9%
- Financials
- 19.4%
- Industrials
- 18.2%
- Consumer Discretionary
- 12.0%
- Health Care
- 11.5%
- Information Technology
- 10.8%
- Cash
- 7.1%
- Energy
- 5.7%
- Materials
- 4.8%
- Consumer Staples
- 3.9%
- Utilities
- 2.6%
- Communication Services
- 2.4%
- International
- 0.9%
- Real Estate
- 0.5%
- Other
- 0.2%
- Government
- 0.0%
How it has done
DFAS share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.38%. 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 U.S. Small Cap ETF is an actively managed U.S. equity ETF. 19% of DFAS’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 96% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Expense ratio, by class
- 0.26%· DFAS 0.26%
- Portfolio turnover
- 6.00% 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.
76 new· the largest 8
142 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
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
Understand how this fund fits with the rest.
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