ACLC vs DYNF

ACLCBAmerican Century Large Cap Equity ETF

DYNFAiShares U.S. Equity Factor Rotation Active ETF

In short

ACLC An active large-cap fund that blends growth and value names and folds material sustainability factors into the stock picking, at a fee well below what the typical active US equity fund charges.

DYNF Most factor funds make you pick a lane: value, momentum, quality. DYNF rotates across five styles instead, letting a factor model decide which one leads, and charges an index-fund-ish 0.26% to do it.

Stated mandate

ACLC The fund seeks long-term financial returns through an actively managed U.S. large-cap portfolio combining growth and value companies while incorporating material sustainability factors into the investment process.

DYNF The Fund seeks to outperform the U.S. equity market through diversified, tactical exposure to style factors using a factor rotation model.

Why people hold it

• ACLC Costs 0.39% a year against a 0.65% median for active US equity funds. Active management here doesn't start in a fee hole.
• One mandate, two jobs: a growth-and-value blend of US large caps, with material sustainability factors written into the research process rather than bolted on as a screen.americancentury.com
• Roughly 100 stocks. Small enough that the managers' picks actually show up in results, not an index wearing an active label.
• Running since 2020 and pays quarterly. Sits in the top quartile of a crowded active US equity field on our review.

• DYNF Five style factors in one ticket (value, quality, momentum, growth, low volatility), reweighted by a rotation model rather than locked to a single tilt.
• 0.26% is well under half the median fee in its active US equity peer group, which is unusual pricing for a strategy with a human-supervised model behind it.
• A multi-billion-dollar fund and one of the more actively traded names in its category, so getting in and out rarely becomes the hard part. Pays quarterly.
• Running since 2019 under one of the biggest ETF shops, and it stands among the strongest overall implementations in the active US equity group we track.

Worth knowing

• ACLC Thinly traded for an ETF, so the bid-ask spread can be a bigger part of your cost than the expense ratio, especially on larger orders.
• Cheap it is, cheapest it isn't. Broad systematic rivals like DFAU (0.12%) and AVLC (0.15%) run at roughly a third of the fee.
• A concentrated book plus sustainability inputs means the portfolio can look meaningfully different from the broad large-cap market in either direction.

• DYNF The yardstick isn't the S&P 500: it's a custom blend of 80% MSCI USA and 20% MSCI USA Minimum Volatility, so a low-vol tilt is baked into the benchmark itself.
• Active by design. The factor mix shifts, the book runs to a couple hundred stocks, and a rotation call can leave it out of step with a plain US market index fund.
• Cheap for active, not the cheapest shelf: systematic peers DFAU (0.12%), AVLC (0.15%), DFAC (0.17%) and FELC (0.18%) all undercut it on fee.

Full ACLC profile⁠

Full DYNF profile⁠