Dimensional Adds 2 ETFs, More Expansion Planned

With seven new and forthcoming products, the firm projects 38 funds in the suite by year end.

Dimensional Fund Advisors is expanding its exchange-traded fund offerings with seven new ETFs, including this week’s listings of its Ultrashort Fixed Income ETF (NYSE Arca: DUSB) and World Equity ETF (NYSE Arca: DFAW).

The new funds join the recently launched US Core Equity 1 ETF and upcoming launches of three global fixed income ETFs and a U.S. Large Cap Vector ETF.

Dimensional expects its ETF suite to total 38 funds covering global equities, fixed income and real estate by year end. The firm manages about $100 billion in ETF assets and said it has seen meaningful adoption of its ETF lineup. The company, which also offers mutual funds and separately managed accounts, oversaw $634 billion for investors worldwide as of June 30.

“We continue to evolve our investment offering to meet demand from financial professionals and add value,” Co-CEO and Chief Investment Officer Gerard O’Reilly said in a release. “These ETFs are another set of tools in Dimensional’s growing lineup, which we expect will meet diverse investor needs across asset classes and geographies.”

Net expense ratios for the two new funds launched Wednesday — the Ultrashort Fixed Income ETF and the World Equity ETF — come to 0.15% and 0.25%, respectively.

The U.S. Core Equity 1 ETF launched earlier this month brings a 0.14% net expense ratio. Net expense ratios for two of the ETFs expected to be launched in November will be 0.20%, while the other two will be 0.22%.

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