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Among the Best for Small-Cap Exposure

Gold-rated DFA U.S. Micro Cap removes the most-expensive and least-profitable micro-cap firms from its portfolio yet remains well diversified.


The following is our latest Fund Analyst Report for DFA U.S. Micro Cap (DFSCX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days. 

DFA U.S. Micro Cap is among the best funds available for exposure to the smallest U.S. stocks. The fund systematically avoids the most-expensive and least-profitable micro-cap firms while maintaining broad diversification. It augments its efficient market-cap-weighted construction by patiently trading to minimize transaction costs, which is especially important in this illiquid market size segment. These features provide the fund a leg up over its peers and support its Morningstar Analyst Rating of Gold. 

Adam McCullough does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.