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- Dimensional International Vector Equity ETF (DXIV) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in equity securities of companies in developed markets outside the United States. The fund employs an integrated investment approach combining research, portfolio design, portfolio management, and trading functions to construct a diversified portfolio from a market capitalization-weighted universe of eligible non-U.S. companies; it emphasizes exposures to smaller capitalization, lower relative prices (based on metrics such as price-to-book, price-to-cash-flow, or price-to-earnings), and higher profitability (based on earnings-to-book or profits-to-book) characteristics, with modest tilts away from conventional market-cap weights; portfolio managers may also adjust exposures based on short-term considerations like price momentum. DXIV holds a broad portfolio of approximately 2,700 securities across regions including the Eurozone (29%), Japan (24%), Europe ex-Euro (13%), Canada (12%), and the United Kingdom (11%), with top holdings such as TotalEnergies SE, Novartis AG, BHP Group Ltd, Shell PLC, and ASML Holding NV; the fund may invest in depositary receipts to access approved markets and traditionally allocates at least 40% of assets to at least three non-U.S. countries.
DXIV, issued by Dimensional ETF Trust and advised by Dimensional Fund Advisors LP (DFA), operates with a net expense ratio of 0.30% and distributes qualified dividends. Launched on September 10, 2024, and listed on NYSE Arca, the ETF represents part of Dimensional's expansion into fully transparent active ETFs using "vector" multi-factor strategies, alongside the related Dimensional US Vector Equity ETF (DXUV, expense ratio 0.28%) and Dimensional US Large Cap Vector ETF (DFVX). DFA, founded in 1981 and headquartered in Austin, Texas, manages the fund through its global network of offices in the U.S., Canada, U.K., Germany, Netherlands, Australia, Singapore, and Japan.
In January 2025, DFA entered a strategic partnership with Prudential Financial Inc. and Fiduciary Exchange LLC (FIDx) to introduce protected lifetime income strategies incorporating Dimensional's systematic approaches into managed accounts via FIDx's Insurance Overlay marketplace, extending prior collaborations on indexed annuities such as FlexGuard and SurePath. As of late 2025, DXIV has grown to approximately $117 million in assets under management, reflecting net inflows of over $90 million since inception amid its focus on risk-balanced diversification in international developed equity markets.