What is DFAT?

DFAT is an active, tax-managed fund that seeks to provide long-term capital appreciation from a portfolio of US mid- and small-cap value stocks.

PERFORMANCE [as of 03/23/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DFAT -11.17% -3.38% -3.27% -8.28% -- -- --
DFAT (NAV) -11.15% -3.32% -3.21% -8.25% -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI USA SMID Value -11.46% -6.18% -6.02% -14.73% 25.66% 4.57% 7.83%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DFAT Factset Analytics Insight

DFAT is an actively managed fund that seeks long-term capital appreciation while maximizing after-tax returns. It holds US mid- and small-cap companies the fund’s advisor considers to have lower relative price with higher profitability potential. Firms that meet size and liquidity requirements are further evaluated based on the following factors: relative price, profitability, and investment characteristics. Factors such as price to cash flow or price to earnings ratios are considered in assessing the relative price, while earnings or profits from operations relative to book value or assets are analyzed for profitability measures. In addition, ratios such as recent changes in assets divided by total assets are used to review a firm’s investment characteristics. Holdings are typically market-cap-weighted but with an active approach, weightings may fluctuate. DFAT was originally launched as a mutual fund and was converted to an ETF on June 14, 2021.

DFAT Summary Data

Dimensional
06/14/21
0.28%
$7.31B
No Underlying Index
MSCI USA SMID Value
Open-Ended Fund

Peers

MSCI USA SMID Value

Fund Flows

-$0.03B 5 Days
+$0.02B 30 Days
+$0.38B 90 Days

DFAT Portfolio Data

$4.81B
10.00
1.46
1.48%
09/20/22
1,637

DFAT Index Data

No Underlying Index
Proprietary
Proprietary
MSCI USA SMID Value

DFAT Portfolio Management

0.28%
--
--
--

DFAT Tax Exposures

20.00% / 39.60%
0.04%
Qualified dividends
No

DFAT Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/24/23

This measurement shows how easy it is to trade a $1 million USD block of DFAT. DFAT is rated a 5 out of 5.

DFAT Tradability

302,687
$13.97M
240,152
$11.19M
0.16%
$0.07
0.03%
0.15% / -0.11%
None
100.00%
50,000
4.80
0.03%
0.02%
17
$42.38
5

DFAT Sector/Industry Breakdown

DFAT Segment
Benchmark
26.50% --
9.50% --
7.51% --
6.68% --
5.41% --
5.02% --
4.80% --
4.68% --
4.29% --
4.15% --

DFAT Performance Statistics

0.96
1.05
1.04
1.04
0.33%
MSCI USA SMID Value

DFAT Countries

DFAT Segment
Benchmark
99.98% 100.00%
0.00% --

DFAT Regions

DFAT Segment
Benchmark
99.98% 100.00%

DFAT Economic Development

DFAT Segment
Benchmark
99.98% 100.00%
0.00% 0.00%

DFAT Benchmark Comparison Holdings

1,637
1433
800
29.44%

DFAT Benchmark Comparison Summary

DFAT Segment
Benchmark
1,637 1433
$4.81B $12.85B
10.00 14.10
1.46 1.93
1.45% 2.26%
Low Low

DFAT Benchmark Comparison Market Cap Size

DFAT Segment
Benchmark
4.38% 46.52%
60.14% 41.30%
30.62% 11.20%
4.74% 0.98%

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.