Performance data is updated to 31 May 2026.
Dimensional Australian Core Equity Trust – Active ETF (DACE) — Review & Analysis
The Dimensional Australian Core Equity Trust is one of the most popular active ETFs on the ASX, with $6.62 billion under management as at May 2026 and a 0.31% management fee — comparable to many passive funds. It sits on the Australian Shares ETFs category page and is benchmarked against the S&P/ASX 300, but uses Dimensional's signature factor-based approach to tilt toward smaller-cap, value, and high-profitability stocks rather than tracking the index directly.
Compared to VAS ($25.5B, 0.07% MER) and A200 ($9.81B, 0.04% MER), DACE charges materially more for an actively managed strategy. Performance has been mixed: 1-year total return of +11.66%, 3-year +12.78% p.a., 5-year +9.0% p.a. — broadly in line with passive Aussie ETFs but with periods of meaningful divergence depending on whether value or growth dominates.
DACE distributes quarterly with a trailing 12-month yield around 3.1%. Holdings are diversified across 300+ Australian companies but weighted toward smaller and cheaper names than the cap-weighted ASX 300, meaning the fund can underperform when mega-caps like CBA and BHP run hard, and outperform during value rotations.
You can compare DACE against the broad market on the ETF compare tool. For more on active vs passive in Australian equities, see Active vs Passive ETFs.
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Last updated: January 2026
