DCOR vs FLRG

DCORAU.S. Core Equity 1 Portfolio ETF Class Shares

FLRGAFidelity U.S. Multifactor 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.

FLRG Fidelity's multifactor screen distilled into about 100 US large caps at 0.15% a year, less than half what the typical multifactor fund charges. A cheap, rules-based tilt instead of the plain index.

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.

FLRG The fund seeks returns that generally correspond, before fees and expenses, to the performance of the Fidelity U.S. Multifactor 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.

• FLRG 0.15% a year against a 0.32% median for US multifactor funds. On price it undercuts most of the aisle.
• Roughly 100 names, not 600. The screen actually shows up in the portfolio rather than getting diluted into a closet index fund.
• Tracks the published Fidelity U.S. Multifactor Index, so the tilt follows disclosed rules rather than a manager's discretion. Pays quarterly.fidelity.com
• Cost and risk profile put it in the upper half of a crowded factor-fund field.

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.

• FLRG Thinly traded. Spreads can widen, so limit orders matter more here than with the mega-cap index giants.
• Launched in 2020, so the live record is short and covers only a handful of market moods.
• Plain-vanilla neighbors go cheaper still, with VYM and IUSG at 0.04%. The extra basis points buy the factor screen, not broad exposure.

Full DCOR profile⁠

Full FLRG profile⁠