2. Dent Tactical ETF (DENT): Expense Ratio = 1.56%
This ETF from AdvisorShares is one of the early entrants in the active ETF race. DENT doesn't track the performance of any benchmark. Rather it seeks to deliver long-term growth of capital by identifying, through proprietary economic and demographic analysis, the overall trend of the U.S. and global economies and how consumer spending patterns may change.
Similar to MCRO, DENT is an ETF of ETFs, currently maintaining ten approximately equal positions in sector-specific and broad-based funds from various ETF issuers. DENT charges a management fee of 95 basis points. But it also charges another 44 basis points in additional fees and another 17 basis points in acquired fund expenses, bringing the total cost to 1.56%.