Dimensional U.S. Targeted Value ETF (DFAT)

The investment objective of the Dimensional U.S. Targeted Value ETF (the “US Targeted Value ETF” or “Portfolio”) is to achieve long-term capital appreciation while minimizing federal income taxes on returns.

Dimensional Fund Advisors LP's tax management strategies for the US Targeted Value ETF aim to maximize after-tax value by delaying and minimizing net capital gains realization and maximizing long-term capital gains. The investment approach combines research, portfolio design, portfolio management, and trading, emphasizing long-term drivers of expected returns while balancing risk through diversification across companies and sectors. The ETF uses a market capitalization-weighted approach to purchase a broad group of readily marketable U.S. small and mid-cap companies deemed to be lower relative price stocks with higher profitability.