DCOR offers a similar approach, and at the time of launch, offered a lower expense ratio than the US Core Equity 2 ETF. The US Core Equity 2 ETF converted from a mutual fund two years earlier. The Issuer is known for taking a broad market index type approach and actively tilting the weightings in pursuing long-term capital appreciation. The funds portfolio tends to tilt towards smaller capitalization companies. Factors such as price to cash flow and earnings ratios may also be considered. Stock positions may increase or decrease based on shorter-term outlooks, such as price momentum or change in investment characteristics. The fund manager may also use futures and options to leverage exposure or manage fund flows. Underlying securities may also be involved in lending to provide additional income to the fund. Since the fund is actively managed, it may have a higher turnover rate as compared to similar index funds.