Dimensional US Large Cap Vector ETF

Dimensional US Large Cap Vector ETF (DFVX) is an actively managed fund that owns large US companies. Instead of tracking an index, it leans toward stocks that look cheap and highly profitable. Its 0.19% expense ratio is above the 0.11% average of similar funds. From its November 2023 launch through December 31, 2025, it returned 21.25% a year, compared with 26.39% for the Russell 1000 Index.

• Over the year to Oct 27, 2026, DFVX returned +16.1%, 1st of 9 among similar funds.
• Its worst full calendar year was 2025 (+15.3%); its best was 2024 (+17.7%).
• The deepest fall in its price history was 16.7% (Feb 19, 2025 to Apr 8, 2025), recovered by Jun 30, 2025.

As of Jul 31, 2026, the fund held 319 securities; the ten largest made up 32.31% of assets.

By sector

• Over the three months to Jul 31, 2026, investors added a net $20.7M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +2.95%, -0.25%, +1.72%.

Dimensional Fund Advisors manages DFVX actively and does not try to copy an index. It picks from large US companies listed on US exchanges. To count as large, a company must be in the top 90% of total market value, or at least as big as the 1,000th largest US company, whichever cutoff is higher. Based on data as of December 31, 2025, the cutoff was a market value of about $16.8 billion. Under normal conditions, at least 80% of net assets go into these stocks.

Within that group, the fund favors value stocks. These are shares that are cheap compared with book value, which is a company's net worth on its balance sheet. It also favors companies with high profits relative to book value or assets. Weighting starts by market value, so bigger companies get bigger slots. Dimensional then adds to or trims stocks based on size, price and profitability. Short-term signals such as price momentum can also nudge a holding or rule it out. As of July 31, 2026, Microsoft (5.7%), Amazon (5.5%) and Meta (4.2%) led the fund's 319 holdings.

There is no fixed rebalancing date. Dimensional trades flexibly to keep costs down, and portfolio turnover was 4%. The fund may use stock-index futures to handle cash coming in or going out, and it may lend shares to earn extra income.

• DFVX charges 0.19% a year, versus an average of 0.11% for the similar funds below (7th of 9, cheapest first).
• Of that, 0.16% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.01% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $19 in the first year and $243 over 10 years (assuming a 5% annual return).

It spreads money across hundreds of large US companies in every major sector, with a measured lean toward cheaper, more profitable firms rather than a narrow bet.

DFVX could fill the US stock slot in a portfolio. It spreads money across hundreds of large companies, tilted toward cheaper, more profitable firms. Its record is short. It launched in November 2023, so it has no history through the 2008, 2020 or 2022 sell-offs. Both of its full calendar years were gains: 17.55% in 2024 and 15.4% in 2025. Its deepest drop was 16.7%, from February 19 to April 8, 2025. It recovered by June 30, 2025, about 2.7 months later. Anyone selling shares that spring sold at a loss, and a longer bear market could take far longer to recover. Income is modest: the yield was 1.09% as of October 27, 2026, paid quarterly. In the SEC's standard example, $10,000 invested costs $19 in year one and $243 over 10 years. 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.