DCOR vs FLQM

DCORAU.S. Core Equity 1 Portfolio ETF Class Shares

FLQMBFranklin U.S. Mid Cap Multifactor Index ETF

In short

DCOR Index-fund breadth with an active steering wheel: roughly 2,300 US stocks weighted toward smaller, cheaper, more profitable companies, for 0.14% a year. Dimensional's long-running core equity playbook, in an ETF since 2023.

FLQM Multifactor investing usually stops at the mega caps. FLQM runs the full four-factor screen (value, quality, momentum, low volatility) through the middle of the US market, landing on roughly 120 names.

Stated mandate

DCOR The fund seeks long-term capital appreciation through a broadly diversified portfolio of U.S. equities. Its approach combines portfolio design, research, management, and trading while emphasizing long-term expected-return drivers.

FLQM The Fund uses a passive indexing approach to seek investment results that closely correspond, before fees and expenses, to the U.S. Mid Cap Underlying Index.

Why people hold it

• DCOR 0.14% a year, well under half the typical fee among US multifactor peers.
• Roughly 2,300 holdings makes this a whole-market core position, not a factor slice, with the smaller-cap, value and profitability tilts built into the weights.
• What the prospectus advertises is what the portfolio holds: broad US equity, tilted to cheaper and more profitable names. One of the tightest mandate fits in its peer group.

• FLQM Four screens in one rule set: value, quality, momentum and low volatility, applied to US mid caps rather than the large-cap names most factor funds fish in.
• 0.30% a year, a shade under the typical fee across its multifactor peer group.
• Straight passive indexing against a named, published index, with no manager discretion layered on top. It sits in the upper half of a crowded multifactor field.
• Live since 2017, now a multi-billion-dollar fund that trades at moderate volume and pays quarterly.

Worth knowing

• DCOR Actively managed with no index to replicate, so the holdings rest on Dimensional's judgment and turnover can run higher than an index fund's.sec.gov
• The 0.14% is net of a contractual fee waiver; the gross fee in the prospectus is higher, and the waiver runs on a renewable term.sec.gov
• Moderately traded rather than a volume monster, so spreads can be wider than at the biggest names in the category.

• FLQM About 120 stocks is a tighter net than a broad mid-cap index, so each holding carries real weight in the outcome.
• Blending four factors means it rarely looks like a plain mid-cap index. When one style is leading the market, this one can move on its own path.
• 0.30% is real money next to the cheapest names in the same peer group, where FNDX charges 0.25% and VYM 0.04%.

Full DCOR profile⁠

Full FLQM profile⁠