iShares U.S. Equity Factor Rotation Active ETF

BlackRock ETF Trust · 1 share class

Actively managed U.S. equity ETF
One fund, 1 share class:DYNF
$33.99B NAV
189 positions · as of 2026-04-30 · filed 2026-06-25

Fund classification

Classified from what the fund holds · as of 2026 Q2

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

Fund profile

As filed in the prospectus · 2025 Q4

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.

Strategy · summarised

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.

Expenses
0.26%one share class
Share classExpense ratio
DYNF0.26%

Portfolio turnover 64.00% · as of 2025 Q4

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.98%
of net assets
Stocks99.44%
Cash & short-term0.54%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology39.4%
Financials16.1%
Communication Services11.3%
Consumer Discretionary7.6%
10 smaller25.6%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
21%of stock holdings in top-quartile growers
covering 98% of the fund’s equity
Earnings growth
29%of stock holdings in top-quartile growers
covering 93% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 72 new11 exited

Largest new: CME, EA, PM, HCA, CAH, INTC, MCK, LITE

Largest exited: TMUS, MA, HLT, MRK, QCOM, VST, CVX, COP

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+33.00%
3-year
+99.29%
5-year
+99.74%
Volatility
13.06%
Worst 3-yr fall
-8.91%
Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CorpNVDA8.57%$2.91B
Apple IncAAPL7.71%$2.62B
Microsoft CorpMSFT5.32%$1.81B
Amazon.com IncAMZN4.40%$1.50B
JPMorgan Chase & CoJPM3.57%$1.21B
Broadcom IncAVGO3.24%$1.10B
Alphabet IncGOOGL2.85%$968.70M
Cisco Systems IncCSCO2.75%$933.23M
Lam Research CorpLRCX2.69%$915.27M
Meta Platforms IncMETA2.48%$844.47M
Showing 10 of 189Sign in to see more

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.

Top 10 positions are 43.56% of net assets, top 25 67.79%, across 188 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

Sign in free