Dimensional Emerging Markets ex China Core Equity ETF

Dimensional Emerging Markets ex China Core Equity ETF (DEXC) is an actively managed fund owning thousands of emerging-market stocks outside China, mostly in Taiwan, South Korea and India. Rather than copying an index, it tilts toward smaller, lower-priced and more profitable companies; it trailed the MSCI Emerging Markets ex China Index in 2025, 26.7% to 34.6%. Its 0.43% yearly cost matches the peer average but exceeds index rivals like iShares' EMXC (0.25%).

• The deepest fall in its price history was 18.3% (Jun 22, 2026 to Jul 29, 2026), not yet recovered.

No distribution history is available for this fund.

As of Jul 31, 2026, the fund held 3,376 securities; the ten largest made up 30.39% of assets, and 2.34% sat in cash and money-market holdings.

• Over the three months to Jul 31, 2026, investors added a net $1.1M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +12.09%, -0.35%, -7.69%.

DEXC is an actively managed ETF from Dimensional Fund Advisors. It does not copy an index, but it compares its results with the MSCI Emerging Markets ex China Index. Dimensional starts with a broad group of emerging-market stocks outside China, weighted by market value, so bigger companies count for more. That group can include frontier markets, which are earlier-stage emerging economies. The fund owns companies of all sizes. It leans toward smaller companies, value stocks (cheap compared with book value, roughly a company's net worth on its balance sheet) and highly profitable firms. It does this mainly by holding less of larger, pricier or less profitable companies.

Dimensional also adjusts positions based on shorter-term signals. These include price momentum and how fast a company's assets are growing. It trades patiently to keep costs down. Portfolio turnover was a low 5%, according to the prospectus filed February 27, 2026. Under normal conditions, at least 80% of net assets go into emerging-market stocks.

Some holdings are depositary receipts, which are shares of foreign companies that trade outside their home market. The fund may also use equity swaps. It can use futures to stay fully invested as cash flows in or out. As of July 31, 2026, it held a small S&P 500 E-mini futures position. The prospectus describes currency trades only for settling purchases and moving cash. That means holders are exposed to swings in foreign currencies against the dollar. The fund may also lend out its securities to earn extra income.

• DEXC charges 0.43% a year, versus an average of 0.43% for the similar funds below (5th of 7, cheapest first).
• Of that, 0.33% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.13% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $44 in the first year and $689 over 10 years (assuming a 5% annual return).

It offers broad exposure to emerging markets outside China that can complement US stocks, though its heavy weighting in chip stocks adds risk.

DEXC could add stocks from Taiwan, South Korea, India and other emerging markets outside China, which a US-focused portfolio may lack. Its record is short. It launched November 13, 2024, so it was not around for the 2008, 2020 or 2022 sell-offs. Its only full calendar year, 2025, returned 26.73%, behind its index's 34.61%. The available price data starts June 9, 2026. In that data, its deepest drop was 18.3%, from June 22 to July 29, 2026, and it had not recovered as of October 27, 2026. Anyone who needed to sell during that stretch would have locked in losses. The trailing yield was 1.17% as of October 27, 2026, paid quarterly, so income is modest. Expenses were 0.43%, or about $44 in the first year on $10,000 under the SEC's standard example. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

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