DCOR vs OMFL

DCORAU.S. Core Equity 1 Portfolio ETF Class Shares

OMFLAInvesco Russell 1000 Dynamic 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.

OMFL Four factor tilts (value, momentum, quality, low volatility) packed into one rules-based Russell 1000 index, for less than the typical multifactor fund charges. The mix is set by the index rulebook, not by a stock picker.

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.

OMFL The fund seeks to track the investment results of the Russell 1000 Invesco Dynamic Multifactor Index before fees and expenses. It invests at least 80% of assets in index securities using a rules-based approach.

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.

• OMFL Value, momentum, quality and low volatility in one ticker, pulled from the Russell 1000 and set by index rules rather than a manager's call.
• 0.29% a year, under the 0.32% median for multifactor peers. A modest toll for a portfolio juggling four factors.
• Running since 2017 and now a multi-billion-dollar fund that trades with decent regularity, so getting in and out is rarely the hard part.
• About 600 names, so the tilts arrive spread wide instead of stacked in a handful of stocks. Distributions land 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.

• OMFL Plain large-cap slices cost a fraction: VONV at 0.06%, IUSG at 0.04%. The gap is what the factor machinery costs you.
• The rulebook runs it. At least 80% of assets sit in index securities, with nobody stepping in when a factor goes cold.
• A rules-built cut of the Russell 1000, weighted its own way, so its path can separate from plain large-cap exposure in either direction.

Full DCOR profile⁠

Full OMFL profile⁠