At a glance
DUHP charges 0.2% a year, above the 0.11% average of the 8 funds most like it (the 8th cheapest of 9). It has $12.28B in assets, the 5th largest of that group; it paid 0.87% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +11.7% with distributions reinvested (S&P 500: +11.5%), 6th of those 9 funds; over three years it returned +21.2% a year. Its ten largest positions make up 41.4% of the fund, out of 150 in all.
The short version
Dimensional US High Profitability ETF (DUHP) is an actively managed fund. As of July 31, 2026, it held 150 large US companies with high profits relative to their book value or assets, led by NVIDIA, Apple and Eli Lilly. It follows no index. Instead, Dimensional tilts its weights toward more profitable, lower-priced and smaller stocks. Its 0.20% expense ratio is above the 0.11% average of similar funds.
Price history
The interactive chart needs JavaScript.
DUHP +11.7% 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 | |
|---|---|---|---|---|---|---|
| DUHP official prospectus, to Dec 31, 2025 | — | +13.81% | — | — | — | +13.49% |
| Russell 1000® Index index, same period | — | +17.37% | — | — | — | +14.63% |
| DUHP price data to Oct 27, 2026 | +12.8% | +11.7% | +21.2% | — | — | +18.8% |
- Over the year to Oct 27, 2026, DUHP returned +11.7%, 6th of 9 among similar funds.
- Its worst full calendar year was 2025 (+13.8%); its best was 2023 (+21.1%).
- The deepest fall in its price history was 17.9% (Feb 19, 2025 to Apr 8, 2025), recovered by Jul 1, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +12.8% | — |
| 2025 | +13.8% | +13.81% |
| 2024 | +19.5% | +19.45% |
| 2023 | +21.1% | +20.92% |
| 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) | $0.2800 | |
| 2025 | $0.4000 | +2.6% |
| 2024 | $0.3900 | -9.3% |
| 2023 | $0.4300 |
What's inside
As of Jul 31, 2026, the fund held 150 securities; the ten largest made up 41.38% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORPORATION | 7.23% | |
| APPLE INC. | 7.04% | |
| ELI LILLY AND COMPANY | 5.06% | |
| MICROSOFT CORPORATION | 5.06% | |
| VISA INC. | 4.25% | |
| META PLATFORMS, INC. | 3.41% | |
| MICRON TECHNOLOGY, INC. | 2.47% | |
| MASTERCARD INCORPORATED | 2.42% | |
| CATERPILLAR INC. | 2.31% | |
| LAM RESEARCH CORPORATION | 2.14% | |
| THE HOME DEPOT, INC. | 2.04% | |
| MERCK & CO., INC. | 1.72% | |
| ORACLE CORPORATION | 1.47% | |
| UNION PACIFIC CORPORATION | 1.44% | |
| AMGEN INC. | 1.42% |
By country
United States 97.57%Ireland 1.1%Liberia 0.7%Bermuda 0.18%United Kingdom 0.13%By asset type
Stocks 99.84%By sector
Sectors of the companies held, for the 90.4% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $340.0M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +5.67%, +1.19%, -1.41%.
How it works
DUHP is actively managed and does not try to track an index. Dimensional Fund Advisors starts with large US companies. These are firms in the top 90% of total US market value, or at least as big as the 1,000th-largest US company, whichever cutoff is higher. Based on December 31, 2025 values, that meant about $16.8 billion or more. From that group, it picks companies with high profitability, meaning high operating profits compared with their book value (assets minus debts) or total assets.
Weights start from company size. Dimensional then gives extra weight to stocks that are more profitable, cheaper relative to book value, or smaller. It may also adjust or skip a stock for short-term reasons, such as price momentum. Trading is flexible to keep costs down, and portfolio turnover was 3% in the latest prospectus. As of July 31, 2026, the 10 largest holdings made up 41% of assets. NVIDIA was 7.2%, Apple 7.0%, and technology 33.5%.
The fund must keep at least 80% of its net assets in US companies. It may use stock futures (contracts to buy or sell later) to manage cash coming in or going out. It held none as of July 31, 2026. It may also lend its shares to other investors for extra income. That carries a small risk that the borrower fails to return them. The fund does not use leverage.
What it really costs
- DUHP charges 0.2% a year, versus an average of 0.11% for the similar funds below (8th of 9, cheapest first).
- Of that, 0.19% is the management fee; the rest covers other fund expenses.
- Using the prospectus's standard example, $10,000 invested would cost about $20 in the first year and $255 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| DUHP | $20 | $64 | $113 | $255 |
In a retirement portfolio
It is a broad basket of about 150 large US stocks with a tilt toward profitable companies, not a narrow or high-risk bet.
DUHP could serve as a main US stock holding, but its record is short. It launched in February 2022, after the 2008 and 2020 crashes. Its price history starts October 18, 2022, after most of the 2022 bear market. Since then it has had no losing calendar year. Its weakest year was 2025, when it gained 13.8%. Its deepest drop was 17.9%, from February 19 to April 8, 2025. It recovered by July 1, 2025, about three months later. Someone selling shares that spring would have sold at a loss, and a longer bear market could hurt more.
Income is modest: the trailing yield was 0.87% as of October 27, 2026, paid quarterly. Under the SEC's standard example, costs on $10,000 come to about $20 in one year and $255 over ten. Past results don't predict the future, 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 about 150 large US companies tilted toward high profitability. As of July 31, 2026, the top holdings were NVIDIA, Apple, Eli Lilly and Microsoft.
- Long-term holders comfortable with Dimensional's rules-driven active approach, which had just 3% portfolio turnover in the latest prospectus.
- Those wanting a bit less market swing: one-year beta, a measure of how much it moves with the market, was 0.85 as of October 27, 2026.
Look elsewhere if
- Cost-focused investors: S&P 500 funds such as VOO and IVV charge 0.03% and SPYM charges 0.02%, compared with DUHP's 0.20%.
- Retirees needing income from their stock funds: the trailing yield was only 0.87% as of October 27, 2026.
- Anyone wanting a long track record: the fund launched in 2022 and trailed the Russell 1000 in 2025 (13.81% vs. 17.37%).
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| DUHP this fund | — | 0.2% | $12.28B | +11.7% | +21.2% |
| QUAL iShares MSCI USA Quality Factor ETF | 53% | 0.15% | $46.53B | +14.1% | +19.6% |
| VSLU Applied Finance Valuation Large Cap ETF | 53% | 0.49% | $545.8M | +12.5% | +24.8% |
| USPX Franklin U.S. Equity Index ETF | 43% | 0.03% | $1.98B | +12.9% | +24.9% |
| VOO Vanguard S&P 500 ETF | 43% | 0.03% | $1.67T | +12.4% | +23.6% |
| SPYM SPDR Portfolio S&P 500 ETF | 43% | 0.02% | $153.92B | +11.5% | +22.0% |
| IVV iShares Core S&P 500 ETF | 43% | 0.03% | $888.13B | +11.5% | +22.0% |
| BKLC BNY Mellon US Large Cap Core Equity ETF | 43% | 0% | $5.47B | +13.4% | +25.4% |
Questions investors ask
Is DUHP an index fund?
No. DUHP is an actively managed ETF and does not try to match any index. Dimensional picks large US companies with high profits relative to their book value or assets. It then gives extra weight to stocks that are more profitable, cheaper or smaller. The prospectus compares its results with the Russell 1000 Index. Turnover was low, at 3% in the latest prospectus, so the portfolio changes slowly.
What's the difference between DUHP and QUAL?
Both lean toward high-quality, profitable large US companies, and about 53% of their holdings overlap. DUHP is actively managed by Dimensional. QUAL, as its name says, follows an MSCI USA quality factor approach. QUAL charges 0.15%, compared with DUHP's 0.20%. It is also larger, with $46.5 billion in net assets against $12.3 billion as of July 31, 2026. Over three years, QUAL returned 22% a year as of October 29, 2026, compared with DUHP's 21.2% as of October 27, 2026.
Does DUHP pay dividends?
Yes. DUHP pays dividends quarterly. Over the 12 months to October 27, 2026, it paid $0.37 per share, a yield of 0.87%. That is a small yield, because the fund focuses on growing your money over time, not on income. Investors who need regular cash from their portfolio would get little of it from this fund alone.
What is DUHP's expense ratio?
DUHP's expense ratio is 0.20%, including a 0.19% management fee, according to the prospectus filed February 27, 2026. The SEC's standard example assumes $10,000 invested with a 5% yearly return. On that basis, costs come to about $20 after one year, $113 after five years and $255 after ten. The average for similar funds is 0.11%. DUHP ranks 8th of 9 on cost among them.
Has DUHP beaten the market?
Not so far. As of December 31, 2025, DUHP returned 13.81% over one year, compared with 17.37% for the Russell 1000 Index. Since its 2022 launch, it averaged 13.49% a year, against the index's 14.63%. Price returns tell the same story. DUHP gained 21.2% a year over three years as of October 27, 2026. The Vanguard S&P 500 ETF (VOO) gained 24.9% a year as of October 29, 2026.