Dimensional World Equity ETF (DFAW) is an actively managed exchange-traded fund that seeks long-term capital appreciation by providing broad exposure to global equity markets across more than 45 countries and over 12,000 companies ranging from large-cap to micro-cap stocks; it emphasizes smaller, value-oriented, and higher-profitability securities based on systematic implementation of academic research. The fund, a "fund of funds," primarily allocates assets among other Dimensional-managed funds or directly invests in equities and derivatives across diversified sectors and market capitalizations, including growth and value stocks. Launched on September 26, 2023, DFAW trades on NYSE Arca with a net expense ratio of 0.25% and is part of the Dimensional ETF Trust managed by Dimensional Fund Advisors LP, co-managed by Dimensional Fund Advisors Ltd. and DFA Australia Limited; Dimensional Fund Advisors, founded in 1981 and headquartered in Austin, Texas, operates globally with approximately $853 billion in assets under management. DFAW targets financial professionals and investors seeking efficient, globally diversified equity solutions as a foundational portfolio component. In recent developments, Dimensional Fund Advisors expanded its ETF suite with DFAW's launch in September 2023 alongside six other new funds, reached $200 billion in ETF assets by mid-2025 with $20 billion in inflows that year, received SEC approval in November 2025 for ETF share classes on 13 mutual funds, and listed its first active UCITS ETFs in Europe on the London Stock Exchange and Xetra in Frankfurt in November 2025.