Dimensional Fund Advisors Lists US Small Cap Growth ETF Share Class
Dimensional Fund Advisors, a leader in systematic investment management and the largest active ETF issuer in the US,1 today announced the listing of the US Small Cap Growth ETF (DUSG), an ETF share class of the firm’s US Small Cap Growth Portfolio. The US Small Cap Growth Portfolio was launched in 2012 and has a nearly 15-year track record. This listing follows the industry’s and firm’s first active ETF share class listing in March—Dimensional’s US Micro Cap ETF.
DUSG is designed to provide dedicated exposure to US small cap growth stocks using a daily, flexible implementation process. Within the small cap growth segment of the market, the fund emphasizes higher expected returns through the exclusion of lower expected return stocks, including those with low profitability and high asset growth.
The firm has been a strong advocate for the potential benefits that the share class structure could provide both mutual fund-class and ETF-class shareholders. Mutual fund-class shareholders may benefit from lower transaction costs and greater tax efficiency, while ETF-class shareholders may benefit from more efficient rebalancing using mutual fund cash flows and lower total portfolio transaction costs.
“We have long championed broader availability of dual share classes, recognizing the potential tax efficiency, cost savings, and economies of scale this structure can offer investors,” said Gerard O’Reilly, Co-CEO and Co-CIO. “We are committed to thoughtfully extending share class availability across our fund lineup.”
In October of last year, Dimensional filed to add ETF share classes to 13 of its US equity funds, including the US Micro Cap and US Small Cap Growth Portfolios. In March, the firm additionally filed for two dual-class funds that will offer mutual fund and ETF access to Dimensional’s US Equity Market and US Core Equity Market strategies. While Dimensional remains focused on offering additional ETF share classes of its funds, the firm has also heard demand from financial professionals for US Equity Market and US Core Equity Market strategies with a mutual fund access point. Dimensional’s market strategies seek to give investors broad, diversified market exposure with flexible implementation that aims to improve upon the inefficiencies of indexing.
Dimensional is a global asset manager with over $1 trillion in assets under management2 and more than 45 years of experience. Dimensional is the largest active ETF issuer in the US, with approximately $280 billion (USD) in AUM across more than 40 ETFs.3
Footnotes
- 1. By AUM, as of April 30, 2026.
- 2. As of April 30, 2026.
- 3. As of April 30, 2026.
DISCLOSURES
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ETFs trade like stocks, fluctuate in market value, and may trade either at a premium or discount to their net asset value. ETF shares trade at market price and are not individually redeemable with the issuing fund, other than in large share amounts called creation units. ETFs are subject to risks similar to those of stocks, including those regarding short-selling and margin account maintenance. Brokerage commissions and expenses will reduce returns.
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Investment value will fluctuate, and shares, when redeemed, may be worth more or less than original cost.
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