Dimensional International Small Cap Value ETF

Dimensional International Small Cap Value ETF (DISV) is an actively managed fund. As of July 31, 2026, it held 1,634 small, lower-priced companies in developed markets outside the US, led by Japan, Canada and the UK. It follows no index. Instead, Dimensional uses rules that favor cheap and profitable stocks. At 0.42% a year, it costs more than similar funds such as AVDV (0.36%) and ISVL (0.30%).

• Over the year to Oct 27, 2026, DISV returned +20.9%, 2nd of 5 among similar funds.
• Its worst full calendar year was 2024 (+5.9%); its best was 2025 (+47.4%).
• The deepest fall in its price history was 26.8% (Mar 29, 2022 to Sep 27, 2022), recovered by Jul 12, 2023.

As of Jul 31, 2026, the fund held 1,634 securities; the ten largest made up 6.53% of assets. It also reported 3.04% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

• Over the three months to Jul 31, 2026, investors added a net $187.5M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +3.83%, -4.95%, +5.33%.

Dimensional Fund Advisors runs DISV actively, choosing stocks by its own rules rather than copying an index. The fund targets small companies in developed markets outside the US, with a size ceiling set for each country based on stock market value. Based on December 31, 2025 data, that ceiling was $16,226 million in Switzerland but $3,311 million in Japan. Normally, at least 80% of net assets go into small companies.

The fund buys value stocks: shares priced low relative to book value (what a company owns minus what it owes). It may tilt further toward smaller, cheaper and more profitable firms. Holdings are weighted by market value, so bigger companies get bigger slices. The result is very broad: 1,634 holdings as of July 31, 2026, with the top 10, led by Swiss Prime Site and Carrefour, at just 6.53% of assets.

There is no index rebalancing schedule. Managers adjust holdings using shorter-term signals such as recent price trends, and trade flexibly to cut costs. Yearly turnover (the share of holdings replaced) was 8%, per the prospectus filed February 27, 2026. The fund may use equity swaps, futures to manage cash flows and currency forwards to settle trades, though it held no derivatives as of July 31, 2026. It may also lend stocks for extra income.

• DISV charges 0.42% a year, versus an average of 0.29% for the similar funds below (5th of 5, cheapest first).
• Of that, 0.39% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $43 in the first year and $530 over 10 years (assuming a 5% annual return).

It adds small, lower-priced companies outside the US, an area many US-focused portfolios hold little of, but its swings and short history make it a complement rather than a core holding.

DISV's record is short. It launched on March 23, 2022, so it missed the 2008 and 2020 crashes and joined the 2022 bear market partway through. Its deepest drop was 26.8%, from March 29 to September 27, 2022. It got back to its old peak on July 12, 2023, about 9.5 months after the low. Anyone who sold shares for spending money during that stretch would have locked in losses. Its weakest calendar year so far, 2024, still ended with a gain of about 6%.

The yield was 2.67% as of October 27, 2026, paid quarterly. That is modest income for a stock fund. The 0.42% expense ratio is above the 0.29% average for similar funds. Past results don't predict the future, and a retirement plan should look at the whole portfolio, not one fund.

Matched by closest holdings overlap from the latest N-PORT reports (no similar fund shares 20% or more of its holdings).