Highlights

  • Exposure focus: Active rotation across US Equity factors.
  • Official net Assets were USD 41,772,026,234 as at 3 November 2026.
  • The listed net annual expense ratio is 0.26%.
  • The fund is actively managed; its comparison benchmark is MSCI USA Index.

iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) uses active allocation across equity styles including value, quality, momentum, size, growth and minimum volatility. The MSCI USA index is a comparison benchmark rather than an index the fund promises to replicate. Its positioning can change as the management process changes the emphasis placed on different factors.

Investment approach and market coverage

iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) is an active strategy. MSCI USA Index provides a reference for assessing the broad US equity opportunity set, while the portfolio can move away from that composition. Understanding the changing mix of factors is therefore central to interpreting its holdings. The stated objective describes what the manager seeks to achieve, rather than an assured outcome.

Holdings and underlying exposure

In the official holdings file dated 3 November 2026, selected leading stock positions were Apple at 7.99%; Nvidia at 7.94%; Microsoft at 4.79%; Amazon.Com Inc at 4.19%; Jpmorgan Chase & Co at 3.41%. These figures are security-level portfolio weights; separate securities from the same issuer may appear in other rows. Holdings and weights can change.

Aggregating the reported equity rows by the issuer file’s sector labels gives Information Technology at approximately 38.19%, Financials at approximately 15.86%, Communication at approximately 9.39%. These are calculated sums of rounded security weights, rather than a separate issuer-published allocation table. Cash, Derivatives and other asset classes are excluded from these sector sums. The composition helps explain which economic exposures accompany the stated mandate.

Fees distributions and share pricing

iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) has a listed gross annual expense ratio of 0.26% and net annual expense ratio of 0.26%. At the net rate, USD 10,000 held at a constant value for a full year would imply approximately USD 26.00 in annual fund expenses. This is an illustrative fee calculation, excluding changes in value, brokerage costs and bid-ask spreads. Expenses are reflected within the product rather than quoted as a promised Investment outcome.

The stated distribution frequency is quarterly. The schedule describes how often distributions are expected, while payment amounts depend on income and other applicable fund circumstances. A distribution is distinct from Capital appreciation and does not establish a fixed future payment. Shareholders also need to consider their own tax treatment, including any treatment of distributions or gains on sale.

iShares reported net asset value of USD 67.11 per share as at 3 November 2026. NAV measures the underlying net asset value allocated to a share; it is not an exchange closing-price quotation. Shares trade on NYSE Arca, where the transaction price can differ from NAV and where the bid-ask spread adds to the cost of entering or exiting a position.

Allocation decisions and model risk

Active factor rotation depends on decisions about which characteristics to emphasize and when to change exposure. Those decisions can be unsuccessful, and signals may respond slowly to a changing market environment. Holdings and factor weights can move away from the broad comparison benchmark. Turnover, trading costs and periods when favored factors are out of step with the market can affect the results delivered to shareholders.

Key Insights

iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) is defined by its active investment process. Its holdings explain the actual exposure, while the fee schedule and distribution arrangements explain important ownership mechanics. These features need to be considered together: broad coverage, a particular style or a specified Maturity band each changes the risks a Shareholder takes. The investment objective remains a target, and the value of the shares can decline.

Data checked on 5 November 2026. Each numerical observation uses the specific source date stated above.