BSVO vs DUSG

BSVOAEA Bridgeway Omni Small-Cap Value ETF

DUSGAU.S. Small Cap Growth Portfolio: ETF Class Shares

In short

BSVO Statistical value screens cast wide across cheap small caps, run by a Houston quant shop that gives away half its profits. Live as a mutual fund since 2010, an ETF since 2023, at 0.45% a year, below the typical active small-cap fund.

DUSG A Dimensional small-cap growth strategy that finally got a ticker. DUSG is an exchange-traded share class of a portfolio running since 2012, screening small US companies for high profitability and cheaper relative price.

Stated mandate

BSVO The Fund seeks long-term total return on capital, primarily through capital appreciation. It is actively managed and invests mainly in a broad, diverse group of small-cap stocks selected as value stocks using statistical value measures.

DUSG The Portfolio seeks long-term capital appreciation.

Why people hold it

• BSVO At 0.45% with no waiver propping it up, it costs less than the category median and less than JPSV (0.55%), the other fund we track against the Russell 2000 Value Index.
• Value is a statistical screen here, not a hunch, applied across a broad, diverse group of small caps, so no single stock story carries the fund.etfarchitect.com
• Not a 2023 startup. The strategy dates to 2010 as a Bridgeway mutual fund and converted into this ETF on March 13, 2023, carrying its history with it.etfarchitect.cometfarchitect.com 2
• Sub-adviser Bridgeway is a statistically driven Houston firm that donates half its profits to nonprofits, a pledge written into its original 1993 business plan.bridgeway.comwikipedia.org

• DUSG Not a startup fund with a launch-day portfolio. The underlying strategy has run since 2012, and the ETF class is a new door into the same book of stocks.businesswire.com
• The screen does two jobs at once: small-cap growth companies, filtered for high profitability and lower relative price, instead of whatever the index says is popular.dimensional.com
• 0.33% a year for a systematically managed factor strategy, sitting right around the middle of the multifactor pack rather than at the premium end.
• Broad and diversified by design, holding a wide sweep of US small caps in a billion-dollar-plus portfolio, not a handful of high-conviction names.dimensional.com

Worth knowing

• BSVO Actively managed, with the Russell 2000 Value Index as a yardstick rather than a target, so results can drift from that benchmark in either direction.
• Cheap small caps swing hard, and the prospectus keeps at least 80% of net assets in small-cap stocks, so there is no cash cushion by design.etfarchitect.com
• Cheaper systematic rivals sit in the same aisle, including DFSV at 0.30% and AVSC at 0.25%, neither relying on a waiver. Payouts come once or twice a year, not monthly.

• DUSG It trades thinly. Light volume can mean wider gaps between the bid and the ask than you get with the household-name index ETFs.
• Distributions land once or twice a year, not monthly. The stated job here is long-term capital appreciation, not a paycheck.
• Fair pricing, not bargain pricing: broad US growth exposure in the same peer group costs far less (IUSG, 0.04%), minus the small-cap and profitability screens.

Full BSVO profile⁠

Full DUSG profile⁠