Dimensional Fund Advisors listed two new UCITS ETFs on the London Stock Exchange on March 20, 2026.
Article created by the editorial staff of ETFWorld.co.uk
Nathan Lacaze, Co-CEO, Dimensional Fund Advisors Ltd.
The Dimensional US Core Equity Market UCITS ETF and the Dimensional Global ex US Core Equity Market UCITS ETF expand the firm’s European ETF range following the launch of its first UCITS ETFs in early 2026.
Both funds are actively managed and listed in GBP and USD in London. They also trade in EUR on Xetra in Frankfurt. The funds are registered for distribution in Austria, Finland, Germany, Ireland, the Netherlands, Norway, Sweden and the United Kingdom .
Fund Details
Dimensional US Core Equity Market UCITS ETF (Acc.)
ISIN: IE000XKK4AV2
TER: 0.15%
Ticker: DDUM (USD), DPUM (GBP)
Dimensional Global ex US Core Equity Market UCITS ETF (Acc.)
ISIN: IE0002YHUWS3
TER: 0.20%
Ticker: DDXM (USD), DPXM (GBP)
Both funds are domiciled in Ireland and structured as accumulating share classes. Income is not distributed and is rolled up into the value of the investment.
Investment Approach
The Core Equity Market ETFs follow Dimensional’s systematic active investment approach. The funds overweight securities with higher expected returns and have the flexibility to rebalance daily. They seek low tracking error relative to the market while not being constrained to matching index returns.
The eligible investable universe comprises all market capitalisations. Dimensional states the ongoing charges are comparable to those of many passive, large cap-only strategies.
The funds exclude small cap stocks with low expected return characteristics. This includes smaller growth companies with low profitability and smaller companies with high asset growth. The strategies can delay the sale or purchase of a stock until momentum has decayed, aiming to capitalise on upward or downward momentum. Flexibility in trading also enables the strategies to seek to avoid the explicit and implicit costs of turnover, especially around index reconstitution events.
Neither fund is managed in reference to a benchmark. The Investment Manager makes active investment decisions for each fund.
Portfolio Characteristics
Both funds are generally overweighted in shares of smaller sized companies, value companies, and/or high profitability companies. Value companies are defined as companies where, at the time of purchase, the Investment Manager believes that the share price is low compared to the accounting value of the company.
In assessing profitability, the Investment Manager may consider different ratios, such as that of earnings or profits from operations relative to book value or assets. The criteria used for assessing value and profitability are subject to change from time to time.
The composition of each fund may be adjusted based on considerations including the number of outstanding shares of public companies that are freely available to the investing public, the tendency of the price of a security to continue movement in a single direction, how readily available the shares are to buy and sell, liquidity management, size, value, profitability and investment characteristics.
The Global ex US fund may invest no more than 20% of net assets in countries that the Investment Manager considers to be emerging markets. Both funds may use financial contracts or instruments (derivatives) to manage risk, reduce costs or improve returns.
Nathan Lacaze, Co-CEO, Dimensional Fund Advisors Ltd., said: “An increasing number of institutions and advisors are turning to Dimensional’s systematic active solutions as replacements for rigid index funds.
“Index funds imperfectly track indices that are imperfect proxies of the market. Some investors are asking, ‘why not introduce some flexibility and spend a small amount of tracking error to enhance returns?'”
John Romiza, Co-CEO, Dimensional Fund Advisors Ltd., commented: “As is always the case at Dimensional, we work with clients to develop investment solutions that bring to life our evidence-based approach to investing. The core market strategies aim to help advisors and institutions more reliably meet their financial goals.”
Background
Dimensional’s first UCITS ETFs were listed in 2025 and raised $1 billion in their first three months. The new funds complement Dimensional’s existing UCITS ETFs, UCITS funds and separate account solutions in the region. They are similar to the firm’s market-series ETFs for US-based investors.
Dimensional Fund Advisors is one of the largest global active ETF issuers. The firm’s European ETF entry was approved by several European markets in late 2025, with initial listings occurring in January 2026 .
The funds are managed using a team-based approach across Research, Portfolio Management and Capital Markets. They are managed alongside the firm’s other fund families and client assets.
Performance Drivers
Fund returns are primarily determined by the returns of the securities the funds invest in, after fees. The performance of an investment in each fund will be driven by the performance of the equity markets which the fund focuses on, by the characteristics that the fund emphasizes—such as exposure to the size, value and profitability premiums—as well as by implementation costs.
Both funds carry a high risk rating due to the range and frequency of price movements (volatility) of the underlying investments.
Market Context
The listing comes as the London Stock Exchange sees increased ETF activity in 2026. Multiple asset managers have launched European ETF products in the first quarter, with particular focus on ex-US equity exposure.
Dimensional’s UCITS ETFs are now registered across eight European jurisdictions. The funds trade on the Main Market of the London Stock Exchange under the EUET and EUE2 market segments.
State Street provides support for Dimensional Fund Advisors’ UCITS ETF launch. The funds are regulated by the Central Bank of Ireland.
Source: ETFWorld.co.uk
Subscribe to Our Newsletter
