DFA shifting $26 billion of mutual funds into ETFs Quant giant Dimensional Fund Advisors has laid out a timeline for converting funds into exchange-traded funds. March 4, 2021 The Austin, Texas-based firm will turn four equity funds into ETFs “on or about” June 11, according to a filing Wednesday with the Securities and Exchange Commission. That puts the $601 billion manager founded by David Booth on course to be only the second issuer to undertake a conversion, with the first-ever switch, by Guinness Atkinson, expected later this month. Dimensional’s ETF lineup will more than double after the conversions, which will reduce management fees by between 20% and 56% compared to the existing mutual funds, according to the filing.