iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) Shifts Across Style Factors: Strategy and Portfolio Facts

Sonal Goyal

27 October 2026 05:28 PM AEDT

iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) Shifts Across Style Factors: Strategy and Portfolio Facts

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Key Highlights

iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) had net assets of about $42.40 billion and a NAV of $68.55 as of Oct 26, 2026.
The fund tracks the MSCI USA Index with an expense ratio of 0.26%.
Its 30-day SEC yield was 0.79%, with quarterly distributions.

The iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) is an actively managed fund that allocates across style factors such as value, quality, momentum, size, growth and minimum volatility. As of Oct 26, 2026, net assets were about $42.40 billion, with a NAV of $68.55 per share.

Index and Investment Approach

The fund does not replicate an index and uses the MSCI USA Index as its benchmark. It launched on Mar 19, 2019 and charges 0.26%. Portfolio managers named on the page are Philip Hodges, Stephanie Lee and Jeff Shen of BlackRock’s systematic equities team.

Portfolio Composition

The fund held 262 securities as of Oct 23, 2026. The largest were Apple (8.27%), Nvidia (8.00%), Microsoft (4.76%), Amazon.com (4.09%) and JPMorgan Chase (3.30%). iShares notes that factor exposure may detract from performance in some market environments.

Yield and Distributions

The fund reported a 30-day SEC yield of 0.79% as of Sep 30, 2026 and a 12-month trailing yield of 0.81%. Distributions are paid quarterly. The most recent distribution was $0.142310 per share, with an ex-date of Sep 15, 2026 and payment on Sep 18, 2026. iShares notes that distribution yield and trailing yield can vary from period to period for reasons such as tax treatment and changes in fund shares outstanding.

Portfolio Characteristics

As of Oct 23, 2026 the portfolio held 262 securities.

Concentration and Holdings Profile

262 securities were held as of Oct 23, 2026. The five largest positions listed on the fund page totalled about 28.42% of assets, leaving roughly 71.58% across the remaining holdings. That is a moderate level of concentration at the top of the portfolio. iShares notes that holdings are subject to change and that the weights shown are calculated from vendor prices, which may differ from the fund’s own valuation prices.

Fund Details at a Glance

The iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) is an index-based equity fund that began trading on Mar 19, 2019. Its benchmark is the MSCI USA Index, and it pays distributions quarterly. As of Oct 26, 2026 it had 618.575 million shares outstanding and net assets of $42,400,293,200. An annual fee of 0.26% works out to $26 for every $10,000 held, before any brokerage commissions.

Risk Disclosures Noted by iShares

The fund is actively managed and does not seek to replicate the performance of a specified index, may have higher portfolio turnover and may charge higher fees than index funds due to increased trading and research expenses. There is no guarantee that it will meet its investment objective. There can be no assurance that performance will be enhanced or risk will be reduced for funds that seek exposure to quantitative investment characteristics, and such exposure may detract from performance in some market environments, perhaps for extended periods. Shares of ETFs are bought and sold at market price rather than NAV and are not individually redeemed from the fund, and brokerage commissions will reduce returns. Investing involves risk, including possible loss of principal.

Costs and Trading Details

The expense ratio is 0.26%. The fund is listed on NYSE Arca with 618.575 million shares outstanding and net assets of $42,400,293,200 as of Oct 26, 2026. The closing price was $68.56 as of Oct 26, 2026, against a NAV of $68.55 on Oct 26, and the premium/discount was 0.02. The 30-day median bid/ask spread was 0.01% and 30-day average volume was 2,450,738 shares.

Wrapping Up

iShares U.S. Equity Factor Rotation Active ETF (NYSEARCA:DYNF) reported net assets of about $42.40 billion and 262 holdings, with its index, fees and distribution schedule as set out above. The quarterly distribution schedule, 0.26% expense ratio and 0.01% median bid/ask spread are the main cost and income details reported for the fund.

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