DYNF ETF — Holdings & Analysis

The iShares U.S. Equity Factor Rotation Active ETF (DYNF) is an actively managed ETF with $30.62B in assets under management. DYNF seeks to outperform the large- and mid-cap U.S.

equity markets through a diversified, tactical approach to style factor exposure, guided by a factor rotation model. With an expense ratio of 0.26%, DYNF offers a dynamic investment strategy that differentiates itself from passively managed index funds by actively adjusting its holdings based on market conditions and factor performance. Past performance does not guarantee future results.

iShares U.S. Equity Factor Rotation Active ETF (DYNF) ETF — Price, Holdings & Analysis

The iShares U.S. Equity Factor Rotation Active ETF (DYNF) is an actively managed ETF with $30.62B in assets under management. DYNF seeks to outperform the large- and mid-cap U.S. equity markets through a diversified, tactical approach to style factor exposure, guided by a factor rotation model. With an expense ratio of 0.26%, DYNF offers a dynamic investment strategy that differentiates itself from passively managed index funds by actively adjusting its holdings based on market conditions and factor performance. Past performance does not guarantee future results.

ETF Overview

S. Equity Factor Rotation Active ETF (the “Fund”) seeks to outperform the investment results of the large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model.

DYNF aims to deliver superior returns compared to the broader U.S. equity market by actively rotating its exposure to different style factors. The fund's investment strategy involves identifying and capitalizing on prevailing market trends through a quantitative factor rotation model. This model assesses various factors, such as value, momentum, quality, and size, to determine optimal allocations. DYNF's portfolio is heavily weighted towards technology, with 37.8% of its assets allocated to the sector. Financial Services accounts for 16.8%, and Communication Services represents 12.8%. The fund's top holdings include prominent technology companies like NVIDIA Corp (7.97%), Apple Inc (7.86%), and Microsoft Corp (5.36%), reflecting its emphasis on growth-oriented sectors. This active management approach distinguishes DYNF from passive ETFs that simply track a benchmark index. Past performance does not guarantee future results.

Risk Metrics

DYNF's active management strategy introduces a different risk profile compared to passively managed ETFs. The fund's high allocation to the technology sector (37.8%) exposes it to sector-specific risks, such as regulatory changes, technological obsolescence, and shifting consumer preferences. While diversification across 188 holdings mitigates some company-specific risk, the concentration in the top holdings, such as NVIDIA Corp (7.97%) and Apple Inc (7.86%), means that the fund's performance is significantly influenced by these companies. With a beta of 1.09, DYNF exhibits slightly higher volatility than the overall market. The expense ratio of 0.26% can create a slight drag on performance compared to lower-cost passive ETFs. their may be worth researching risk tolerance and investment horizon when evaluating DYNF. Past performance does not guarantee future results.

Expense Ratio

0.26%

What does DYNF hold?

Holding	Weight
NVIDIA Corp (NVDA)	7.97%
Apple Inc (AAPL)	7.86%
Microsoft Corp (MSFT)	5.36%
Amazon.com Inc (AMZN)	3.89%
JPMorgan Chase & Co (JPM)	3.86%
Cisco Systems Inc (CSCO)	3.22%
Meta Platforms Inc Class A (META)	3.19%
Alphabet Inc Class A (GOOGL)	2.70%
Berkshire Hathaway Inc Class B (BRK-B)	2.64%
Broadcom Inc (AVGO)	2.60%

How Is the Fund Allocated?

Sector	Weight
Technology	37.8%
Financial Services	16.8%
Communication Services	12.8%
Consumer Cyclical	8.3%
Industrials	7.8%
Healthcare	6.0%
Consumer Defensive	2.9%
Utilities	2.6%
Energy	2.2%
Real Estate	2.0%
Basic Materials	0.7%

Country	Weight
United States	96.8%
Ireland	1.9%
Other	1.2%
United Kingdom	0.1%
Luxembourg	0.0%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio

iShares Russell 2000 ETF (IWM) (Equity) — 0.19% expense ratio
iShares MSCI Emerging Markets ETF (EEM) (Equity) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) (Equity) — 0.32% expense ratio
iShares Russell Mid-Cap ETF (IWR) (Equity) — 0.18% expense ratio
iShares MSCI Emerging Markets Small-Cap ETF (EEMS) (Equity) — 0.72% expense ratio
iShares FinTech Active ETF (BPAY) (Equity) — 0.66% expense ratio

Risk Metrics

Beta: 1.09

Questions & Answers

What is DYNF and what does it track?

The iShares U.S. Equity Factor Rotation Active ETF (DYNF) is an actively managed fund that aims to outperform the investment results of the large- and mid-capitalization U.S. equity markets.

Unlike passive ETFs that track a specific index, DYNF employs a factor rotation model to strategically allocate its investments across different style factors, such as value, momentum, quality, and size.

What is the expense ratio for DYNF?

The expense ratio for DYNF is 0.26%. This means that for every $10,000 invested in the fund, $26 is used to cover the fund's operating expenses.

While this is not the lowest expense ratio available in the equity ETF category, it is competitive for an actively managed fund.

What are the top holdings in DYNF?

As of 2026-03-15, DYNF's top holdings reflect a significant allocation to leading technology companies. The top three holdings are NVIDIA Corp, representing 7.97% of the fund's assets; Apple Inc, accounting for 7.86%; and Microsoft Corp, with a 5.36% allocation.

Other significant holdings include Amazon.com Inc (3.89%) and JPMorgan Chase & Co (3.86%). These top holdings indicate a focus on companies with strong growth potential and established market positions.

Is DYNF a good long-term investment?

Whether DYNF is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment horizon. DYNF's active management strategy offers the potential for outperformance compared to passive index funds, but it also introduces additional risk.

The fund's expense ratio of 0.26% should be considered in the context of its potential returns.

How does DYNF compare to similar ETFs?

DYNF differentiates itself through its active factor rotation strategy, which aims to outperform the market by dynamically adjusting its exposure to different style factors. Many similar ETFs are passively managed, tracking broad market indexes or specific sectors.

DYNF's expense ratio of 0.26% is competitive for an actively managed fund.

Does DYNF pay dividends?

As of 2026-03-15, the iShares U.S. Equity Factor Rotation Active ETF (DYNF) has a dividend yield of 0.00%. This indicates that the fund does not currently distribute dividends to its shareholders.

Investors seeking dividend income may want to consider other equity ETFs with a focus on dividend-paying stocks. However, DYNF's primary objective is capital appreciation through active factor rotation, rather than generating dividend income.