Overview
Actively managed factor-rotation fund that tilts a large- and mid-cap US portfolio toward value, quality, momentum, size, or low volatility as BlackRock's model reads the cycle.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NVDA | NVIDIA Corp. | 7.8% |
| MSFT | Microsoft Corp. | 6.9% |
| AAPL | Apple Inc. | 6.2% |
| AMZN | Amazon.com Inc. | 4.1% |
| META | Meta Platforms | 3.6% |
| AVGO | Broadcom Inc. | 3.3% |
| GOOGL | Alphabet Inc. A | 2.9% |
| LLY | Eli Lilly & Co. | 1.9% |
| JPM | JPMorgan Chase | 1.8% |
| V | Visa Inc. | 1.6% |
Fund Details
Investment Thesis
DYNF is the flagship of BlackRock's push to put systematic active management inside an ETF wrapper, and its post-2023 asset explosion — past $30B — came from model-driven factor timing landing on the right side of the growth rally. The catch investors should understand: with roughly 40% in technology today, it currently behaves more like a growth fund than a balanced factor portfolio, and the model can lag at turning points before repositioning.
Who It's For
Investors who want US large-cap exposure with a systematic tilt engine doing the style rotation for them, and who accept active-model risk over an index guarantee. A core-adjacent holding for people who would otherwise agonise over value-versus-growth timing.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | $23.63 | -- |
| 2020 | $28.35 | +20.0% |
| 2021 | $35.72 | +26.0% |
| 2022 | $28.58 | -20.0% |
| 2023 | $36.58 | +28.0% |
| 2024 | $46.83 | +28.0% |
| 2025 | $59.00 | +26.0% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | 1.40% |
| 2021 | 1.10% |
| 2022 | 1.50% |
| 2023 | 1.20% |
| 2024 | 1.00% |
| 2025 | 1.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | $0.1B | -- |
| 2021 | $0.1B | +0.0% |
| 2022 | $0.1B | +0.0% |
| 2023 | $3.5B | +3400.0% |
| 2024 | $12B | +242.9% |
| 2025 | $28B | +133.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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