At a glance
DIHP charges 0.27% a year, above the 0.1% average of the 6 funds most like it (the 6th cheapest of 7). It has $6.36B in assets, the 7th largest of that group; it paid 2.05% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +12.1% with distributions reinvested (S&P 500: +11.5%), the weakest of those 7 funds; over three years it returned +17.9% a year. Its ten largest positions make up 18.8% of the fund, out of 530 in all.
The short version
Dimensional International High Profitability ETF (DIHP) is an actively managed fund that holds large companies in developed markets outside the US. It picks companies with high profits relative to their assets or book value. Its 0.27% expense ratio is lower than iShares MSCI EAFE ETF's 0.32% but well above broad index funds such as Vanguard FTSE Developed Markets ETF at 0.03%. It trailed all six similar funds over one and three years through October 27, 2026.
Price history
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DIHP +12.1% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| DIHP official prospectus, to Dec 31, 2025 | — | +27.87% | — | — | — | +8.90% |
| MSCI World ex USA Index (net dividends) index, same period | — | +31.85% | — | — | — | +10.92% |
| DIHP price data to Oct 27, 2026 | +9.8% | +12.1% | +17.9% | — | — | +9.3% |
- Over the year to Oct 27, 2026, DIHP returned +12.1%, 7th of 7 among similar funds.
- Its worst full calendar year was 2024 (+0.5%); its best was 2025 (+28.3%).
- The deepest fall in its price history was 24.9% (Mar 29, 2022 to Sep 27, 2022), recovered by Jun 15, 2023.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +9.8% | — |
| 2025 | +28.3% | +27.87% |
| 2024 | +0.5% | +0.78% |
| 2023 | +19.1% | +18.93% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.5800 | |
| 2025 | $0.6400 | +10.3% |
| 2024 | $0.5800 | +3.6% |
| 2023 | $0.5600 |
What's inside
As of Jul 31, 2026, the fund held 530 securities; the ten largest made up 18.84% of assets.
| Holding | Weight | |
|---|---|---|
| Roche Holding AG | 3.53% | |
| ASML Holding N.V. Other | 3.51% | |
| Nestle S.A. | 1.98% | |
| Sony Group Corporation | 1.64% | |
| BHP GROUP LIMITED | 1.57% | |
| Novartis AG Other | 1.44% | |
| LVMH MOET HENNESSY LOUIS VUITTON SE | 1.42% | |
| Tokyo Electron Limited | 1.28% | |
| ADVANTEST CORPORATION | 1.25% | |
| SAFRAN SA | 1.21% | |
| BP P.L.C. Other | 1.10% | |
| ROLLS-ROYCE HOLDINGS PLC | 1.09% | |
| NOVO NORDISK A/S | 1.04% | |
| GSK PLC | 1.02% | |
| UNILEVER PLC Other | 0.99% |
By country
Japan 22.19%Canada 11.57%United Kingdom 10.92%Switzerland 8.81%France 8.41%By asset type
Stocks 90.72%Other 8.92%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $421.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +2.35%, -0.06%, +1.27%.
How it works
DIHP does not track an index. Its manager, Dimensional Fund Advisors, buys large companies in developed markets outside the US that it has approved. The goal is long-term capital appreciation. The main screen is profitability: high operating earnings relative to a company's book value (its accounting net worth) or assets, compared with other large companies in the same country or region. Under normal conditions, at least 80% of net assets go to companies in those markets.
What counts as “large” differs by country. Based on data as of December 31, 2025, the cutoff started at $1,852 million. It was $13,667 million in the euro zone (EMU) and $16,226 million in Switzerland. Within the eligible group, the manager can give more weight to smaller companies, lower-priced “value” stocks and the most profitable names. It can also add, trim or skip stocks based on short-term signals such as price momentum. There is no index rebalancing schedule. Turnover was 8%, according to the prospectus filed February 27, 2026.
The fund may hold depositary receipts (shares of foreign companies listed on other exchanges) or use equity swaps. It uses futures to keep cash invested as money moves in and out, trades currencies to settle purchases, and lends securities for extra income. As of July 31, 2026, it held about 530 stocks. The top 10 made up 18.8% of assets, led by Roche and ASML at 3.5% each.
What it really costs
- DIHP charges 0.27% a year, versus an average of 0.1% for the similar funds below (6th of 7, cheapest first).
- Of that, 0.25% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $28 in the first year and $343 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DIHP | $28 | $87 | $152 | $343 |
In a retirement portfolio
It adds large, profitable non-US companies, led by Japan at 22% of assets as of July 31, 2026, to a portfolio that may lean heavily on US stocks.
DIHP launched on March 23, 2022, so it has no record in the 2008 crisis or the 2020 crash, and it started after the January 2022 market peak. It still fell 24.9% between March 29 and September 27, 2022. It then took about 8.6 months to recover, by June 15, 2023. Its weakest calendar year was 2024, a 0.5% gain, but it lost 8.16% in the last quarter of that year. Anyone forced to sell during a slump like 2022 would have locked in losses. It yielded 2.05% over the 12 months to October 27, 2026, paid quarterly. Its 0.27% expense ratio is above the 0.10% average for similar funds. The SEC's standard example puts costs at $343 over 10 years on $10,000. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want developed-market stocks outside the US, tilted toward highly profitable companies such as Roche, ASML and Nestle.
- Holders who want wide diversification: about 530 stocks as of July 31, 2026, with the top 10 under 19% of assets.
- People willing to pay 0.27% a year for Dimensional's active, rules-based approach, with 8% turnover and quarterly dividends.
Look elsewhere if
- Cost-focused investors: Vanguard FTSE Developed Markets ETF charges 0.03% and Schwab International Equity ETF 0.06%, compared with DIHP's 0.27%.
- Those who want emerging markets. DIHP buys only developed markets the manager approves, with Japan at 22% of assets as of July 31, 2026.
- Anyone expecting it to beat its benchmark. It trailed the MSCI World ex USA Index in 2025 and since inception, through December 31, 2025.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| DIHP this fund | — | 0.27% | $6.36B | +12.1% | +17.9% |
| EFA iShares MSCI EAFE ETF | 37% | 0.32% | $77.98B | +13.5% | +18.2% |
| IEFA iShares Core MSCI EAFE ETF | 32% | 0.07% | $190.11B | +13.7% | +18.5% |
| SCHF Schwab International Equity ETF | 30% | 0.06% | $69.68B | +17.7% | +20.4% |
| VEA Vanguard FTSE Developed Markets ETF | 27% | 0.03% | $316.42B | +16.8% | +21.7% |
| VEU Vanguard FTSE All-World ex-US Index Fund | 22% | 0.04% | $95.84B | +13.4% | +20.6% |
| IXUS iShares Core MSCI Total International Stock… | 21% | 0.07% | $58.39B | +13.8% | +19.5% |
Questions investors ask
Is DIHP an index fund?
No. DIHP is an actively managed ETF from Dimensional Fund Advisors and does not try to copy an index. The manager picks large companies in approved developed markets outside the US that earn high profits relative to their book value or assets. Within that group it may favor smaller and cheaper stocks. The fund compares its results with the MSCI World ex USA Index (net dividends), but its holdings can differ from that benchmark.
What's the difference between DIHP and EFA?
iShares MSCI EAFE ETF (EFA) is an index fund, while DIHP is actively managed. About 37% of their holdings overlap. DIHP is cheaper, at 0.27% a year versus 0.32%, but much smaller: $6.4 billion in net assets against about $78 billion, both as of July 31, 2026. EFA has the stronger record. It returned 13.5% over one year and 20.3% a year over three years through October 29, 2026. DIHP returned 12.1% and 17.9% through October 27.
Does DIHP pay monthly dividends?
No. DIHP pays dividends quarterly. Over the 12 months to October 27, 2026, it paid about $0.70 per share, a trailing yield of 2.05%. The fund aims for long-term growth rather than income, so payouts depend on what its companies distribute and can vary from quarter to quarter. Its holdings are non-US companies, so changes in exchange rates against the dollar can also change the payout.
How has DIHP performed since launch?
It has gained but trailed its benchmark. As of December 31, 2025, DIHP returned 8.9% a year since its March 2022 launch. The MSCI World ex USA Index (net dividends) returned 10.92% over the same period. In 2025 the fund gained 27.87%, against the index's 31.85%. It returned 18.93% in 2023 and 0.78% in 2024. Its deepest drop was 24.9%, from March to September 2022.
What are DIHP's top holdings?
As of July 31, 2026, the largest positions were Roche Holding at 3.5% of assets, ASML Holding at 3.5%, Nestle at 2.0%, Sony Group at 1.6% and BHP Group at 1.6%. The top 10 made up 18.8% of a portfolio of about 530 stocks. Japan was the largest country at 22.2%, followed by Canada at 11.6%, the United Kingdom at 10.9%, Switzerland at 8.8%, France at 8.4% and Germany at 8.1%.