BlackRock files two Form 497Ks for iShares DYNF
BlackRock ETF Trust filed two Form 497Ks on Friday, September 4, 2026, for iShares U.S. Equity Factor Rotation Active ETF DYNF, a fund with a 0.26% expense ratio.
The two filings landed the same day, a day after a Thursday Form 497K for the same already-listed series. DYNF held $41.83 billion as of Friday, September 4. It tries to beat large- and mid-cap U.S. stocks by shifting among value, quality, momentum and other style tilts.
The last full summary prospectus on file is dated November 28, 2025. A supplement dated April 23 named Jeff Shen and Stephanie Lee as portfolio managers alongside Philip Hodges, who has run the fund since March 2019; Shen and Lee joined in April. The fund’s prospectus expense ratio is 0.26%.
Frequently asked
What is a Form 497K?
It is the summary prospectus filing for a fund, in this case an already-listed series.
What does the fund charge?
Its prospectus expense ratio is 0.26%.
How does the fund invest?
It shifts among style tilts such as value, quality and momentum to try to beat large- and mid-cap U.S. stocks.
Who manages it?
Philip Hodges, who has run the fund since March 2019, joined by Jeff Shen and Stephanie Lee, who came on in April.