Dimensional World ex U.S. Core Equity 2 ETF

DFAX is a Global Ex. US Equities ETF. The investment objective of the Dimensional World ex U.S. Core Equity 2 ETF (the "World ex US Core Equity ETF" or "Portfolio") is to achieve long-term capital appreciation while minimizing federal income taxes on returns. ETF intends to purchase securities of companies associated with developed market and emerging market countries, which may include frontier markets (emerging market countries in an earlier stage of development), that the Advisor has designated as approved markets. As a non-fundamental policy, under normal circumstances, the Portfolio will invest at least 80% of its net assets in non-U.S. equity securities and/or investments that provide exposure to non-U.S. securities. The Portfolio may gain exposure to non-U.S. securities by purchasing equity securities in the form of depositary receipts, which may be listed or traded outside the issuer s domicile country. The Advisor determines company size on a country or region specific basis and based primarily on market capitalization. The Advisor may also adjust the representation in the Portfolio of an eligible company, or exclude a company, after considering such factors as free float, momentum, trading strategies, liquidity, size, relative price, profitability, investment characteristics, and other factors that the Advisor determines to be appropriate. In assessing a company s investment characteristics, the Advisor considers ratios such as recent changes in assets divided by total assets. The criteria the Advisor uses for assessing a company s investment characteristics are subject to change from time to time.

Yes, DFAX is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, DFAX is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DFAX is 0.0026%. This is the percent change in the value of DFAX over the most recent 1-month period. The 3-month return on DFAX is 0%. This is the percent change in the value of DFAX over the most recent 3-month period.

The standard deviation of DFAX for the past year is 0.1636%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DFAX include DGS, DFIV, and DWM.

ETFs correlated to DFAX include VXUS, IXUS, and VEU.

ETFs that are inversely correlated to DFAX include EFZ, EPV, and EDZ.