Dimensional Receives Morningstar Award for Investing Excellence
Dimensional Fund Advisors, a global investment leader, received the Exemplary Stewardship Award as part of the 2025 US Morningstar Awards for Investing Excellence. The award honors the firm for demonstrating a long-standing commitment to serving in the best interests of clients, prioritizing education, and fostering investment excellence.
“We are honored to receive an award that highlights the value we bring to investors,” said Dimensional Co-CEO and Co-CIO Gerard O’Reilly. “At Dimensional, we implement financial science through low-cost, broadly diversified portfolios with a flexible approach to implementation that we have been fine-tuning for more than four decades.”
To be eligible for the Exemplary Stewardship Award, asset managers must have an Above Average or High Parent Pillar rating, which measures the quality of care a firm gives to its investors’ capital. Dimensional was one of just 12 firms that maintains a High Parent Pillar rating.
Dimensional has led the way with significant developments in the ETF industry following the adoption of the SEC’s ETF Rule (Rule 6c-11) in 2019 and is the largest active ETF issuer, with approximately $200 billion in ETF assets under management.1 Dimensional was the first asset manager to convert mutual funds to ETFs at scale and has developed custom create/redeem basket methodologies that enable low-cost and tax-efficient daily rebalancing.
Dimensional also has been a leader in seeking exemptive relief from the US Securities and Exchange Commission to be able to offer ETF share classes for investors. The firm has the longest-pending application of the more than 60 active applicants for share class relief, which together manage over $25 trillion in mutual fund and ETF assets.
“We continue to prioritize serving the financial professionals and investors that place trust in us while staying true to the principles on which the firm was founded,” said Dave Butler, Dimensional’s Co-CEO.
The firm advocates for the critical role advisors and institutions play in helping investors achieve their long-term financial goals. Morningstar noted “Dimensional’s long-running efforts to educate the financial advisors and investors who buy its funds, so they maintain a long-term investment horizon.”
Morningstar Asset-Manager Awards Methodology
Morningstar used a combination of a quantitative score and the Morningstar Parent Pillar rating to inform its selection. Morningstar aims to leverage its analysts’ insights on asset managers to steer investors toward firms that have served them well over time and that put their interests first. The full methodology for the awards can be found here.
Footnotes
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1. As of March 31, 2025. Largest active ETF manager based on AUM. Data provided by Morningstar.
Disclosures
Dimensional provides compensation in the form of licensing fees to Morningstar in connection with the use of Morningstar data.
US-domiciled mutual funds and US-domiciled ETFs are not generally available for distribution outside the US.
The awards are not representative of any one client’s experience and are not indicative of Dimensional’s future performance.
Dimensional was one of three nominees for the 2025 Morningstar Awards for Investing Excellence: Exemplary Stewardship for the US.
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