Dimensional International Small Cap Value ETF (DISV) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in value stocks of small-cap companies located in developed markets outside the United States; the fund targets securities exhibiting small size, low price-to-book ratios, and high profitability characteristics, with holdings spanning diversified sectors across countries including the United Kingdom, Japan, Canada, Australia, and continental Europe; it benchmarks performance against the MSCI World ex USA Small Value Index (net dividends) and MSCI World ex USA Index (net dividends), maintaining a broad portfolio of approximately 1,400-1,500 securities as of early 2025.
DISV forms part of the Dimensional ETF Trust, issued and managed by Dimensional Fund Advisors LP (DFA), a global investment firm founded in 1981 and headquartered in Austin, Texas; DFA, which oversees over $600 billion in assets under management through systematic strategies grounded in academic research such as the Fama-French model, co-manages DISV with affiliates including DFA Australia Limited and Dimensional Fund Advisors Ltd.; the ETF trades on Cboe BZX under the ticker DISV, with total net assets exceeding $3.6 billion as of late 2025.
Launched on March 23, 2022, DISV represents DFA's expansion into actively transparent ETFs following the firm's conversion of several mutual funds to ETF structures in 2021; in January 2025, DFA entered a strategic product partnership with Prudential Financial Inc. and Fiduciary Exchange LLC (FIDx) to integrate its systematic strategies into protected lifetime income offerings for managed accounts and annuities, enhancing access for financial advisors; additionally, in March 2025, DFA renewed its long-term transfer agency agreement with SS&C Technologies Holdings Inc. for its U.K. fund range, supporting operational efficiency across GBP 8.7 billion in assets.