- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 6300 Bee Cave Road, Building One Austin TX United States of America 78746
- IPO Date
- Jun 14, 2021
- Business
- Dimensional U.S. Core Equity 2 ETF (DFAC) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in a diversified portfolio of U.S. equities across all market capitalizations, with tilts toward small-cap, value, and profitability factors while considering federal income tax implications of its trading decisions. The fund, issued by Dimensional ETF Trust and managed by Dimensional Fund Advisors LP (DFA), holds approximately 2,580 securities, with over 99% allocated to U.S. stocks spanning sectors such as electronic technology, technology services, financial services, and others; it benchmarks against the Russell 3000 Index and features a net expense ratio of 0.17%. Launched via conversion from a mutual fund on June 14, 2021 (with portfolio inception dating to October 4, 2007), DFAC manages about $37-39 billion in assets under management and pays quarterly dividends.
DFA, the fund's investment manager, founded in 1981 and headquartered in Austin, Texas, applies academic research-driven systematic strategies across equity and fixed income products, including mutual funds, ETFs, and separately managed accounts; the firm operates globally with offices in the U.S., Canada, U.K., Germany, Netherlands, Australia, Singapore, and Japan. DFA targets financial advisors, institutions, and retirement plan sponsors, emphasizing broad diversification, low turnover, and factor-based approaches over traditional stock picking or market timing.
In January 2025, DFA formed a strategic partnership with Prudential Financial Inc. and Fiduciary Exchange LLC to integrate Dimensional's systematic strategies into protected lifetime income offerings for managed accounts via FIDx's Insurance Overlay marketplace, extending prior collaborations on indexed annuities. In March 2025, DFA renewed its long-term transfer agency agreement with SS&C Technologies Holdings Inc. for U.K. open-ended investment company funds managing GBP 8.7 billion, building on a prior U.S. mutual fund services renewal. In late 2025, the U.S. Securities and Exchange Commission approved DFA's request to launch ETF share classes alongside 13 existing mutual fund portfolios (totaling over $190 billion in assets), including U.S. Core Equity 2, enabling dual-share-class structures for enhanced tax efficiency and liquidity starting potentially in early 2026.