Dimensional Merges Eight ETFs Into Share-Class Funds, Cuts Fees

Dimensional Fund Advisors plans to merge eight ETFs—US Core Equity 1 ETF (DCOR), US Core Equity 2 ETF (DFAC), US Vector Equity ETF (DXUV), US High Profitability ETF (DUHP), US Small Cap ETF (DFAS), US Targeted Value ETF (DFAT), US Small Cap Value ETF (DFSV) and US Real Estate ETF (DFAR)—into ETF share classes of corresponding mutual funds. The mergers will combine more than $250bn in assets and expand Dimensional’s dual-access structure, allowing investors to choose either ETF or mutual fund wrappers. The firm also announced fee reductions averaging 9% on an asset-weighted basis, driven by the scale benefits of the combined assets.