iShares U.S. Equity Factor Rotation Active ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, iShares U.S. Equity Factor Rotation Active ETF held 189 positions with $33.99B in net assets. Its ten largest holdings made up 43.6% of the fund. The DYNF share class costs 0.26% a year. Over the 12 months to May 2026, DYNF returned 31.1%, with dividends reinvested. In 2026 Q3 it added 48 new positions and exited 8.
The iShares U.S. Equity Factor Rotation Active ETF (the Fund) (formerly known as BlackRock U.S. Equity Factor Rotation ETF) 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.
The fund uses a proprietary factor rotation model to dynamically allocate among large- and mid-cap U.S. stocks across six equity style factors—momentum, quality, value, growth, size, and minimum volatility—tilting toward factors with the strongest near-term return prospects based on economic cycle, valuations, and recent trends. Because factor performance is cyclical and the model's near-term return forecasts may prove incorrect, the fund's returns can diverge materially from the broad U.S. equity market. The fund is actively managed with discretionary daily rebalancing and may hold higher portfolio turnover than an index fund.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 8.57% | $2.91B | 14.6M | $199.57 |
AAPLApple Inc | 7.71% | $2.62B | 9.7M | $271.35 |
MSFTMicrosoft Corp | 5.32% | $1.81B | 4.4M | $407.78 |
AMZNAmazon.com Inc | 4.40% | $1.50B | 5.6M | $265.06 |
3.57% | $1.21B | 3.9M | $313.23 | |
AVGOBroadcom Inc | 3.24% | $1.10B | 2.6M | $417.43 |
GOOGLAlphabet Inc | 2.85% | $968.70M | 2.5M | $384.80 |
2.75% | $933.23M | 10.2M | $91.50 | |
2.69% | $915.27M | 3.5M | $257.86 | |
2.48% | $844.47M | 1.4M | $611.91 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 189 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.44% |
| Cash & short-term | 0.54% |
By sector
- Information Technology
- 37.9%
- Financials
- 15.6%
- Communication Services
- 10.0%
- Industrials
- 8.2%
- 9 other sectors
- 28.3%
- Information Technology
- 37.9%
- Financials
- 15.6%
- Communication Services
- 10.0%
- Industrials
- 8.2%
- Consumer Discretionary
- 7.0%
- Health Care
- 6.4%
- Energy
- 5.2%
- Real Estate
- 2.3%
- Utilities
- 2.2%
- International
- 1.9%
- Consumer Staples
- 1.8%
- Materials
- 0.8%
- Cash
- 0.7%
How it has done
DYNF share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.54%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
iShares U.S. Equity Factor Rotation Active ETF is an actively managed U.S. equity ETF. 21% of DYNF’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Expense ratio, by class
- 0.26%· DYNF 0.26%
- Portfolio turnover
- 64.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
48 new· the largest 8
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