Dimensional Emerging Markets High Profitability ETF

Dimensional Emerging Markets High Profitability ETF (DEHP) is an actively managed fund. It holds large emerging-market companies that Dimensional judges to be highly profitable, and it had 768 holdings as of July 31, 2026. It leans heavily on Asian technology: SK hynix and Taiwan Semiconductor alone made up about 19% of assets. At 0.41% a year, it costs more than most similar funds, such as iShares Core MSCI Emerging Markets ETF (IEMG) at 0.09%.

• Over the year to Oct 27, 2026, DEHP returned +19.7%, 2nd of 9 among similar funds.
• Its worst full calendar year was 2024 (+4.5%); its best was 2025 (+32.9%).
• The deepest fall in its price history was 22.9% (May 4, 2022 to Oct 31, 2022), recovered by Mar 7, 2024.

As of Jul 31, 2026, the fund held 768 securities; the ten largest made up 36.51% of assets.

• Over the three months to Jul 31, 2026, investors added a net $12.4M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +12.49%, -1.55%, -6.55%.

DEHP does not track an index. Dimensional Fund Advisors LP picks the stocks. It starts with large companies in emerging markets, which can include frontier markets (countries at an earlier stage of development), but only in countries its Investment Committee has approved. "Large" is set country by country based on market capitalization, the total value of a company's shares. As of December 31, 2025, the cutoff was at least $1,187 million and varied by market: $5,937 million in Mexico and $10,743 million in the Czech Republic. From that group, the fund looks for companies with high operating profits compared with their book value or assets.

Holdings start from company size, and the manager then holds more of smaller, lower-priced (value) and more profitable stocks. It may also add to, trim or drop a stock based on short-term signals such as price momentum. Instead of following an index rebalance, the fund uses a flexible trading approach meant to keep trading costs down. Portfolio turnover was 14%.

At least 80% of net assets must be in approved emerging-market securities. The fund can also own depositary receipts (shares of foreign companies that trade on other exchanges), China A-shares and variable interest entities, which are contract-based structures that give exposure to some Chinese companies. It may use equity swaps, futures to manage cash coming in and out, and currency forwards to settle trades. It can also lend out its securities for extra income.

• DEHP charges 0.41% a year, versus an average of 0.28% for the similar funds below (8th of 9, cheapest first).
• Of that, 0.35% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.03% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $42 in the first year and $552 over 10 years (assuming a 5% annual return).

It is a concentrated, volatile emerging-market stock fund with a short history, so it fits better as a small add-on than as a core holding.

DEHP could add emerging-market stocks, tilted toward profitable companies, to a portfolio built mostly on US and developed-market funds. Its history is short. The fund launched on April 26, 2022, so it missed the 2008 and 2020 crashes. Its deepest drop was 22.9%, from May 4 to October 31, 2022, and it took about 16 months to recover, in March 2024. Its weakest calendar year, 2024, still gained 4.87%. But its returns swing widely: volatility was 28.4% over the year to October 27, 2026. Anyone who has to sell shares during a slump could lock in losses. The yield was 1.51% as of that date, paid quarterly, so this is not an income fund. Its 0.41% expense ratio is above the 0.28% average for similar funds. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.