What Is DIHP? Dimensional International High Profitability ETF

Investors often assume a quality or profitability screen will raise the dividend yield, on the reasoning that profitable companies can afford to pay more. In international markets the opposite frequently holds. The highest-yielding developed-market companies tend to be banks, utilities, telecoms and energy producers, which distribute heavily because their reinvestment opportunities are limited. Screening for high operating profitability skews away from those and toward companies that redeploy capital into their own growth.

The yield gap illustrates it directly. This fund pays 1.95% while Dimensional's broader international core fund pays 2.35%, and the difference is entirely a composition effect. Financials, the largest sector in the broad fund at 23%, do not lead here at all. Industrials at 23%, technology at 15% and healthcare at 12% do.

That is worth internalising before using a profitability fund as an income holding. It is a return-driver screen, not an income screen, and the two select in different directions.

ASML is 4.3% of the fund and Roche 3.0%. In the broader Dimensional international fund the same two companies sit at 2.0% and 1.0%. Nestle at 2.1%, Tokyo Electron at 1.8%, BHP at 1.5%, AstraZeneca at 1.5%, Novartis at 1.5%, Sony at 1.4% and LVMH at 1.3% complete the top of the portfolio. These are larger positions than a broad core fund carries, because the profitability screen removes a substantial part of the eligible universe and the remaining weight has to go somewhere.

The names themselves describe what a profitability screen finds abroad: semiconductor equipment, pharmaceuticals, branded consumer goods, mining, consumer electronics and luxury. What it does not find in quantity is banks, which is the single biggest structural difference between this and a conventional developed-market fund.

Concentration also raises the stakes on individual outcomes. A 4.3% position in one semiconductor equipment maker means the fund carries real exposure to a single, cyclical end market, which is not a characteristic most investors associate with a diversified international allocation.

The 0.27% fee is above the 0.18% Dimensional charges for its broad international core fund. The difference is the price of the screen. Whether that is worth paying depends on whether an investor believes the profitability premium is real and persistent, since without it the cheaper and more diversified alternative does a similar job.

The 2022 launch is a short record, and any assessment based on live results from this vehicle alone rests on a very small sample. That is a general caution about young ETFs rather than a criticism of this one specifically.

It is the wrong tool for income seekers, given the 1.95% yield undercuts a broader international fund. It is also poorly suited to an investor who wants their international allocation to track a familiar benchmark, since a profitability screen guarantees a portfolio that looks nothing like a cap-weighted developed-market index.

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

There are three common ways to get DIHP exposure. Buy shares (or fractional shares) of DIHP 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 DIHP sits alongside other holdings that express the same thesis, with target weights you can rebalance toward. DIHP trades like a stock during market hours, so you buy it the same way you would any listed share.

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Whether DIHP 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 DIHP a buy?

DIHP gives you Actively managed, no tracked index exposure in one ticker at a 0.27% expense ratio. Most investors use it as a core holding and layer more concentrated thematic portfolios on top.

Whether DIHP 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 DIHP a buy?

DIHP yields 1.95% 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 DIHP dividend: yield and schedule.

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