Dimensional Global Credit ETF
Name
As of 02/07/2025Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.9%
1 yr return
5.6%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$138 M
Holdings in Top 10
9.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.23%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 02/07/2025Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DGCB - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.2%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameDimensional Global Credit ETF
-
Fund Family NameDimensional Funds
-
Inception DateNov 08, 2023
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Global Credit ETF seeks to maximize total returns primarily from a universe of U.S. and foreign corporate debt securities that mature within twenty years from the date of settlement. In addition, the Portfolio may invest in obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, bank obligations, commercial paper, repurchase agreements, money market funds, obligations of other domestic and foreign issuers, securities of domestic or foreign issuers denominated in U.S. dollars but not trading in the United States, and obligations of supranational organizations. The Advisor expects that the Portfolio will primarily invest in the obligations of issuers that are in developed countries. The Advisor selects the Portfolio's foreign country and currency compositions based on an evaluation of various factors, including, but not limited to, relative interest rates and exchange rates.
The Portfolio intends to invest its assets to gain exposure to at least three different countries, including the United States. Under normal circumstances, the Portfolio invests at least 30% of its net assets in non-U.S. issuers. As of the date of the Prospectus, the Portfolio invests approximately 62% of its net assets in U.S. issuers. This percentage will change due to market conditions. An issuer may be considered to be of a country if it is organized under the laws of, maintains its principal place of business in, has at least 50% of its assets or derives at least 50% of its operating income in, or is a government, government agency, instrumentality, or central bank of, that country. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in debt securities.
The Portfolio generally emphasizes investments in debt securities rated A+ to BBB- by S&P Global Ratings (“S&P”) or Fitch Ratings Ltd. (“Fitch”) or A1 to Baa3 by Moody’s Investor’s Service, Inc. (“Moody’s”). The Portfolio may also invest in higher-rated investment grade securities (i.e., those rated AAA to AA- by S&P or Fitch or Aaa to Aa3 by Moody’s) and/or below-investment grade securities (i.e., those rated below BBB- by S&P or Fitch or below Baa3 by Moody’s) depending on the expected credit premium.
Under normal circumstances, the Portfolio will generally maintain a weighted average duration of no more than one half year greater than, and no less than one year below, the weighted average duration of the Bloomberg Global Aggregate Credit Bond Index (Hedged to USD), which was approximately 6.07 years as of December 31, 2023. From time to time, the Portfolio may deviate from this duration range when the Advisor determines it to be appropriate under the circumstances. Duration is a measure of the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates.
The Portfolio’s investments may include foreign securities denominated in foreign currencies. The Portfolio intends to hedge foreign currency exposure to attempt to protect against uncertainty in the level of future foreign currency rates. The Portfolio may enter into foreign currency forward contracts to hedge against fluctuations in currency exchange rates or to transfer balances from one currency to another. The Portfolio also may enter into credit default swaps on issuers or indices to buy or sell credit protection to hedge its credit exposure; gain market or issuer exposure without owning the underlying securities; or increase the Portfolio’s total return. The Portfolio may purchase or sell futures contracts and options on futures contracts, to hedge its currency exposure or to hedge its interest rate exposure or for non- hedging purposes, such as a substitute for direct investment or to increase or decrease market exposure based on actual or expected cash inflows to or outflows from the Portfolio.
The Portfolio may lend its portfolio securities to generate additional income.
The Portfolio is an actively managed exchange-traded fund and does not seek to replicate the performance of a specific index and may have a higher degree of portfolio turnover than such index funds.
DGCB - Performance
Return Ranking - Trailing
Period | DGCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | N/A | N/A | N/A |
1 Yr | 5.6% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | DGCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2024 | -0.9% | N/A | N/A | N/A |
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | DGCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | N/A | N/A | N/A |
1 Yr | 5.6% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DGCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2024 | 3.8% | N/A | N/A | N/A |
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
DGCB - Holdings
Concentration Analysis
DGCB | Category Low | Category High | DGCB % Rank | |
---|---|---|---|---|
Net Assets | 138 M | N/A | N/A | N/A |
Number of Holdings | 904 | N/A | N/A | N/A |
Net Assets in Top 10 | 43.3 M | N/A | N/A | N/A |
Weighting of Top 10 | 9.65% | N/A | N/A | N/A |
Top 10 Holdings
- U S TREASURY NOTE 2.09%
- INTERNATIONAL BANK FOR RECONSTRUCTION DEVLOPMENT 1.18%
- The DFA Short Term Investment Fund 1.15%
- U S TREASURY NOTE 0.89%
- PROVINCE OF ONTARIO CANADA 0.82%
- DEXIA CREDIT LOCAL SA 0.75%
- SIEMENS FINANCIERINGSMAATSCHAPPIJ NV 0.73%
- AUSTRALIA NEW ZEALAND BANKING GROUP LTD 0.71%
- JT INTERNATIONAL FINANCIAL SERVICES BV 0.67%
- AUSTRALIA NEW ZEALAND BANKING GROUP LTD 0.67%
Asset Allocation
Weighting | Return Low | Return High | DGCB % Rank | |
---|---|---|---|---|
Bonds | 97.82% | N/A | N/A | N/A |
Cash | 2.02% | N/A | N/A | N/A |
Other | 0.16% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | DGCB % Rank | |
---|---|---|---|---|
Cash & Equivalents | 1.32% | N/A | N/A | N/A |
Derivative | 0.16% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | DGCB % Rank | |
---|---|---|---|---|
US | 68.05% | N/A | N/A | N/A |
Non US | 29.77% | N/A | N/A | N/A |
DGCB - Expenses
Operational Fees
DGCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.23% | N/A | N/A | N/A |
Management Fee | 0.18% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
DGCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
DGCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
DGCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
DGCB - Distributions
Dividend Yield Analysis
DGCB | Category Low | Category High | DGCB % Rank | |
---|---|---|---|---|
Dividend Yield | 0.18% | N/A | N/A | N/A |
Dividend Distribution Analysis
DGCB | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly |
Net Income Ratio Analysis
DGCB | Category Low | Category High | DGCB % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
DGCB | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Jan 22, 2025 | $0.008 | OrdinaryDividend |
Dec 17, 2024 | $0.457 | OrdinaryDividend |
Nov 19, 2024 | $0.543 | OrdinaryDividend |
Oct 22, 2024 | $0.247 | OrdinaryDividend |
Aug 20, 2024 | $0.122 | OrdinaryDividend |
Jul 16, 2024 | $0.218 | OrdinaryDividend |
Jun 18, 2024 | $0.150 | OrdinaryDividend |
Apr 16, 2024 | $0.161 | OrdinaryDividend |
Mar 19, 2024 | $0.161 | OrdinaryDividend |
Feb 21, 2024 | $0.204 | OrdinaryDividend |
Jan 17, 2024 | $0.008 | OrdinaryDividend |
Dec 19, 2023 | $0.329 | OrdinaryDividend |
Nov 21, 2023 | $0.005 | OrdinaryDividend |