What Is DFUV? Dimensional US Marketwide Value ETF

There are two common ways to build a value fund and they produce genuinely different portfolios. One screens for high dividend yield, selecting companies that distribute a large share of earnings. The other screens for a low price relative to book value, earnings or cash flow, selecting companies the market prices modestly against their own fundamentals. Dimensional works from the second, and the 1.31% yield is the visible result. A dividend-screened value fund in the same category would typically pay two to three times that figure.

This explains Micron at 5.8% and Intel at 1.8%. Semiconductor manufacturers cycle between periods of heavy capital spending and periods of high earnings, and a price-based screen can classify them as inexpensive at points in that cycle when a dividend screen would exclude them entirely. The same logic reaches into industries that a traditional value investor might not associate with the label at all.

It also explains Amazon at 2.5%. A price-based measure is a relative judgement made against a company's own fundamentals, not a judgement about which industry it belongs to or how fast it is growing. Funds built this way regularly hold names that the word value does not evoke, and the presence of those names is the screen working as designed rather than drifting away from its mandate.

Dimensional does not track a published benchmark. The portfolio is built from rules applied continuously rather than from an index reconstituted on set calendar dates, which is why the index field on this page reads actively managed rather than naming a benchmark. That distinction is more than administrative.

The practical difference is trading. An index fund must own what its index says on the day the index says it, which is a known and widely exploited pattern around reconstitution dates. A rules-based manager without that constraint can trade patiently around the same underlying signals, buying when a seller is motivated rather than when a calendar demands it. Whether that flexibility helps is not something this page can demonstrate, and no return data is presented anywhere on it.

The 1998 inception is older than the ETF wrapper for a fund of this type. Dimensional has converted a number of long-running mutual funds into exchange-traded form, and the date reflects the strategy's history rather than the ETF's. Treat it as a statement about how long the approach has existed, not about how long the ticker has traded.

Most value funds stop at a size boundary and say so: large value, mid value, small value. Marketwide means the screen runs across the size range, so mid-sized and smaller companies can appear alongside the familiar large caps even though Morningstar files the fund under Large Value. Someone building a portfolio from separate size and style boxes should account for that overlap rather than assuming a clean boundary.

Sector weights run financials 22%, technology 18%, industrials 14%, healthcare 14% and energy 11%. Eighteen percent in technology is high for a value fund and follows directly from the price-based screen described above. Financials at 22% is more conventional, since banks and insurers usually trade at modest multiples of book value and appear in almost every value portfolio.

At 0.21% the fee sits above a plain cap-weighted value index fund and well below a discretionary active manager. That is the trade being offered: rules-based construction with flexibility over implementation, priced between the two alternatives. Whether it is worth the difference depends entirely on which of those alternatives you would otherwise hold.

Approximate weights as of August 2026. Each ticker links to its individual stock guide in Walnut.

There are three common ways to get DFUV exposure. Buy shares (or fractional shares) of DFUV directly at any major broker that lists it. Hold it as a core position and layer more concentrated ideas on top. Or build it into a thematic portfolio in Walnut, so DFUV sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. DFUV trades like a stock during market hours, so you buy it the same way you would any listed share.

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Whether DFUV is a good buy depends less on any single call and more on your time horizon and what you already hold: it tracks Actively managed, no tracked index, so the real question is whether you want that exposure in your mix and at what weight. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is DFUV a buy?

DFUV gives you Actively managed, no tracked index exposure in one ticker at a 0.21% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.

Whether DFUV is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, concentration, and what would have to be true for it to outperform from here in is DFUV a buy?

DFUV yields 1.31% as of August 2026, paid by passing through the dividends of its underlying holdings. For the payout schedule, history, and how the distributions are taxed, see DFUV dividend: yield and schedule.

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