Dimensional Global Core Equity Trust Unhedged – Active ETF Guide (DGCE): What Is It All About?

Overview

Dimensional Global Core Equity Trust Unhedged, trading as DGCE, is an Australian-listed active ETF offering global equity exposure without currency hedging. Its reported returns are 8.982% year to date and 10.672% over one year. Regional and sector allocations help explain the portfolio’s market exposure, with North America and technology standing out.

Category

DGCE provides exposure to global equities through an actively managed, unhedged ETF. Its reported portfolio spans regions and sectors, although North America and technology make up the largest reported allocations.

Global equities bring together companies exposed to different economies, industries and currencies. DGCE’s reported regional allocation is strongly weighted towards North America, while its sector mix has a substantial technology allocation. This makes those exposures important context when interpreting the fund’s performance.

Key facts

Ticker

DGCE

Exchange

AU

ISIN

AU60DFA00042

Provider

DFA Australia Limited

Domicile

Australia

Currency

AUD

Inception date

2006-12-05

UCITS

No

Holdings count

1

Costs

A management fee or ongoing cost figure was not supplied, so DGCE’s cost cannot be assessed from the available information.

Performance

YTD

9.0%

1 year

10.7%

Holdings

The reported portfolio allocation is weighted towards North America, with developed Europe and Japan among its other larger regional exposures. Technology is the largest reported sector, followed by financial services and industrials. Individual holding details are not provided.

Regions

• North America75.4%

• Europe Developed11.5%

• Japan7.0%

• United Kingdom3.4%

• Asia Developed0.9%

• Africa/Middle East0.4%

• Latin America0.2%

• Asia Emerging0.1%

• Australasia0.1%

• Europe Emerging0.0%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Sectors

• Technology24.1%

• Financial Services16.8%

• Industrials13.5%

• Healthcare11.0%

• Consumer Cyclicals9.0%

• Communication Services5.8%

• Energy5.5%

• Consumer Defensive5.1%

• Basic Materials4.5%

• Utilities2.5%

Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.

Related ETFs

Risks

Who it may suit

This fund may interest investors researching active, unhedged global equity exposure within an Australian-listed ETF structure. Its regional and sector allocations, currency exposure and role in a portfolio are factors to consider alongside an investor’s own objectives and circumstances.

Key risks

As an equity fund, DGCE is exposed to share-market volatility and the possibility of losses. Its North American and technology allocations may mean returns differ from those of global equity funds with other regional or sector mixes. The unhedged structure also leaves Australian-dollar returns exposed to currency movements. An active approach may not perform as expected, and the supplied information does not include a fee figure or individual holding details.

FAQ