- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Mar 21, 2019
- Business
- iShares U.S. Equity Factor Rotation Active ETF (DYNF) is an actively managed exchange-traded fund that seeks to outperform the investment results of large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to equity style factors, including quality, value, momentum, size, and low volatility, through a proprietary factor rotation model that dynamically adjusts allocations based on economic regimes and anticipated performance drivers. The fund invests primarily in large- and mid-cap U.S. stocks across sectors such as technology, financials, and consumer discretionary, with top holdings typically including mega-cap names like Microsoft, Nvidia, Visa, and Berkshire Hathaway; it offers quarterly distributions and maintains a net expense ratio of 0.26%, following the termination of a voluntary expense limitation on November 26, 2024. DYNF trades on the NYSE Arca exchange and targets institutional and retail investors seeking enhanced returns relative to market-cap weighted benchmarks like the Russell 1000 Index.
Launched on March 19, 2019, by BlackRock under its iShares brand and headquartered in New York, the fund operates within the U.S. equity large-blend segment and has grown significantly to approximately $28 billion in assets under management as of late 2025, reflecting strong inflows driven by its inclusion in BlackRock model portfolios in early 2024, which propelled assets from under $1 billion to over $7 billion within months.
In a major rebranding initiative, BlackRock renamed the fund from BlackRock U.S. Equity Factor Rotation ETF to iShares U.S. Equity Factor Rotation Active ETF, with the change approved by the board on July 30, 2024, and effective October 10, 2024, aligning it with the broader iShares product suite of over 420 ETFs; this move was part of a larger effort to consolidate ETF branding under iShares. The fund has seen robust institutional interest, including significant new positions by firms like First Command Advisory Services in Q3 2025, amid sustained net inflows and outperformance versus benchmarks over one-, three-, and five-year periods. No major acquisitions, partnerships, or new product launches specific to DYNF have been reported in the last 1-2 years, though BlackRock continues to expand its active ETF offerings firm-wide, such as converting Global Allocation mutual funds to new iShares ETFs in 2025.