Dimensional Australian Value Trust - Active ETF (DAVA) Review & Analysis
- +0.9% in September (total return), ahead of the median Australian shares ETF at −2.1%.
- Investors added a net $28m (1.8% of the fund).
- The unit price closed the month at $31.98, 6% below its 12-month high (range $29.01 to $33.99).
About DAVA
DAVA is the Dimensional Australian Value Trust, an active ETF. Dimensional uses a systematic approach to favour Australian companies that look cheap relative to their book value and earnings, while also considering profitability. It does not track an index and keeps trading costs low.
The value tilt pushes the fund towards banks, miners and energy companies. The top holdings are dominated by NAB, Westpac and ANZ, with Woodside and Rio Tinto also prominent, and the top 10 make up a large share of the fund. Commonwealth Bank, often seen as expensive, carries much less weight than in an index fund. Income is typically higher than the broad market and well franked, which can suit retirees. The fund can lag when growth companies lead the market, and it is exposed to the banking and commodity cycles. There is no currency risk.
DAVA may suit investors who want a value tilt next to a core Australian fund. Alternatives include DACE, VHY and broad funds such as VAS. See VAS vs DAVA, A200 vs DAVA and IOZ vs DAVA.
DAVA distributions and dividend dates
DAVA pays distributions quarterly, usually going ex-distribution in January, April, July and October, with payment about 17 days after the ex-date.
The latest distribution was $0.5059 per unit (77% franked), ex-distribution on 1 October 2026 and paid on 19 October 2026. To receive it you need to own DAVA before the ex-date.
Its distribution yield over the past 12 months is about 6.5%, with distributions around 45% franked. Distributions vary and past payments are not a guide to future ones.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
Compare DAVA with
| Fee | 0.34% | 0.07% |
| 1 year | +13.6% | +2.2% |
| 5 yrs p.a. | – | +6.5% |
| Size | $1.6bn | $26.7bn |
| Fee | 0.34% | 0.04% |
| 1 year | +13.6% | +2.9% |
| 5 yrs p.a. | – | +6.9% |
| Size | $1.6bn | $11.1bn |
| Fee | 0.34% | 0.05% |
| 1 year | +13.6% | +2.6% |
| 5 yrs p.a. | – | +6.8% |
| Size | $1.6bn | $9.7bn |
| Fee | 0.34% | 0.25% |
| 1 year | +13.6% | +12.0% |
| 5 yrs p.a. | – | +10.2% |
| Size | $1.6bn | $8.2bn |
DAVA price by TradingView
| Stock Code | DAVA |
|---|---|
| Fund Manager | Dimensional |
| Asset Class | Australian shares |
| AUM | $1.6bn |
| MER (%) | 0.34% |
| Net flows (Sep) | +$28m |
| Last Price | $31.98 |
| 52-Week Range | $29.01 – $33.99 |
| Bid/Ask Spread | 0.12% |
| Listing Date | 19/08/2024 |
| Exchange | ASX |
| Index | None: actively managed. See the PDS for its benchmark |
| Issuer website | Dimensional ↗ |
Performance (% return)
$10,000 invested…
Value at 30 September 2026 with distributions reinvested, before tax and brokerage.
Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.
etf