What type of market segment do AVLV and DFLV target?

Both AVLV and DFLV target the US large-cap value market segment. Large-cap refers to companies with substantial market capitalisation, while value investing focuses on stocks considered undervalued relative to their fundamentals. These ETFs aim to provide exposure to this specific style within the US equity market, allowing investors to participate in companies that exhibit value characteristics such as lower valuation multiples compared to growth-oriented peers.

How does active management differ from index tracking in these ETFs?

The data indicates that specific index tracking information is not available for either AVLV or DFLV. Generally, active ETFs like those potentially implied by Dimensional's style involve portfolio managers selecting holdings based on research, whereas index-tracking ETFs replicate a benchmark. Since index details are unavailable here, investors should note that the construction methodology might rely on quantitative research or specific factor models rather than passive replication of a traditional value index.

What is the primary difference in fees between AVLV and DFLV?

AVLV charges an expense ratio of 0.15%, while DFLV charges 0.21%. This results in a 0.06 percentage point difference in annual fees. Lower expense ratios generally mean that a larger portion of the fund's return remains for investors, all else being equal. When comparing these funds, the fee structure is a quantifiable cost that impacts net performance over time, making AVLV the lower-cost option in this specific comparison.

How do the dividend yields compare between the two funds?

DFLV currently offers a higher dividend yield of 1.34%, compared to AVLV's yield of 1.11%. For income-focused investors, this difference suggests that DFLV distributes a larger percentage of its asset value in dividends relative to AVLV. However, dividend yields can fluctuate based on the underlying holdings' payout policies and share price movements, so this snapshot reflects current distributions rather than guaranteed future income.

Which fund has been available to investors for longer?

AVLV has a longer track record, with an inception date of September 21, 2021. In contrast, DFLV was launched later, with an inception date of December 6, 2022. A longer history can provide more data points for assessing how a fund has performed under various market conditions, though it does not guarantee future results. Investors considering historical consistency might find AVLV's additional year of operation relevant to their due diligence.

How significant is the difference in net assets between the two ETFs?

AVLV manages significantly more capital, with net assets of $21.5 billion, compared to DFLV's $7.0 billion. While DFLV's assets are sufficient for standard trading needs, larger asset bases often contribute to enhanced liquidity and tighter bid-ask spreads. The substantial difference in size highlights AVLV's broader adoption or longer time in the market, which can influence trading volume and ease of execution for investors buying or selling shares.

What overlap exists in the top holdings of AVLV and DFLV?

There is moderate overlap in the top ten holdings of both funds. The shared names are META, MU, AMZN, JPM, and XOM. While both funds include these large-cap value-oriented stocks, their weighting differs; for instance, JPM is the top holding in DFLV at 4.66% but ranks lower in AVLV. This overlap suggests a common exposure to major financial and technology companies within the value universe.

Are sector weights available for comparison between these two ETFs?

No, sector weight data is not available for either AVLV or DFLV in the provided dataset. This lack of transparency means investors cannot directly compare the specific industry allocations, such as Technology, Financials, or Energy, beyond what is inferred from the top holdings. Potential investors may need to consult fund prospectuses or issuer websites for detailed sector breakdowns to assess diversification risks.

What do the top holding differences imply about each fund's strategy?

The top holdings reveal distinct portfolio compositions. AVLV includes large technology names like MSFT and AAPL in its top ten, whereas DFLV's top ten features JPM and AMZN prominently but excludes MSFT and AAPL from the very top tier. This suggests that while both target large-cap value, their specific stock selection criteria or weighting models may lead to different exposures within the broader market capitalisation spectrum.

How might the expense ratio difference affect long-term returns?

The 0.06 percentage point annual fee difference (0.21% for DFLV vs 0.15% for AVLV) accumulates over time. If the gross performance of the underlying strategies is similar, AVLV would theoretically provide a slightly higher net return to shareholders due to lower costs. However, active management differences, tracking errors, and market fluctuations can also impact performance, so the fee is just one component of total return analysis.

What does the 'Large Value' category signify for these ETFs?

The 'Large Value' category signifies that these ETFs focus on established, large-sized US companies that appear to be trading at a discount to their intrinsic value or have lower valuation multiples. This investment style contrasts with 'Large Growth', which targets companies with above-average earnings growth. Understanding this category helps investors identify funds that may outperform in certain market cycles, particularly when value factors are in favour.

AVLV vs DFLV

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

This page compares Avantis U.S. Large Cap Value ETF (AVLV) and Dimensional US Large Cap Value ETF (DFLV) on fees, holdings, dividends and how each tracks the large cap value market. Both have active expense ratios of 0.15% (AVLV) and 0.21% (DFLV); net assets, yields, inception dates and sector weights are shown as provided. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

AVLV

Metric

DFLV

0.15%

Expense Ratio

0.21%

1.11%

Dividend Yield

1.34%

$21.49B

Net Assets

$7.05B

303

Holdings

339

Sep 21, 2021

Inception Date

Dec 6, 2022

–

Index Tracked

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Large Value

Fund Category

Large Value

AVLV costs about $6.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	AVLV	DFLV
METAMeta Platforms, Inc.	3.24%	2.21%
MUMicron Technology, Inc.	3.13%	1.38%
AMZNAmazon.com, Inc.	2.90%	4.45%
JPMJPMorgan Chase & Co.	2.74%	4.66%
XOMExxonMobil Holdings Corporation	2.42%	3.67%

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Investment Analysis

AVLV

Pros

Offers a lower expense ratio of 0.15% compared to Dimensional.
Boasts substantially higher net assets of $21.5 billion for enhanced liquidity.
Features a longer track record with inception in September 2021.

Considerations

Has a slightly lower dividend yield at 1.11% versus the alternative.
Tracks a large cap value index that is currently not available for review.
Holds sector weight data that is not available for transparency checks.

DFLV

Pros

Provides a higher dividend yield of 1.34% for income-focused investors.
Utilises an actively managed style often associated with Dimensional's research.
Maintains net assets of $7.0 billion, sufficient for standard trading needs.

Considerations

Carries a higher expense ratio of 0.21% compared to the Avantis option.
Holds fewer net assets of $7.0 billion versus the larger competitor.
Has a shorter inception history starting December 2022 than the alternative.

About AVLV and DFLV

AVLV (AVLV)

The Avantis U.S. Large Cap Value ETF (AVLV) is an exchange-traded fund designed to provide exposure to large-capitalisation companies in the United States that are considered undervalued relative to their fundamentals. Launched in September 2021, this fund seeks to capture the value factor, which historically suggests that cheaper stocks may outperform more expensive ones over long periods. With a low expense ratio of 0.15%, it offers a cost-efficient way for investors to diversify their portfolios within the US equity market. The fund holds over 300 companies, providing broad exposure while maintaining a focus on value metrics. Investors should note that while value stocks can offer attractive opportunities, they may underperform growth stocks during certain market cycles. As with any investment, values can rise and fall, and returns are not guaranteed.

DFLV (DFLV)

The Dimensional US Large Cap Value ETF (DFLV) is an exchange-traded fund designed to provide investors with exposure to large-capitalisation US companies that exhibit value characteristics. Launched in December 2022, this fund employs a research-driven approach to select holdings that appear inexpensive relative to fundamental measures such as profitability, valuation, and price. With a portfolio of 339 holdings, it offers broad diversification within the large-cap value segment. The fund carries an expense ratio of 0.21%, which is competitive for actively managed or factor-based ETFs, and reports net assets of USD 7.05 billion. While it currently offers a dividend yield of 1.34%, investors should remember that yields and capital values can fluctuate. This ETF is suitable for those seeking systematic exposure to US value stocks as part of a diversified portfolio, though past performance does not guarantee future results.

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AVLV vs DFLV

Fund Snapshot