APUE vs DYNF

APUEAActivePassive U.S. Equity ETF

DYNFAiShares U.S. Equity Factor Rotation Active ETF

In short

APUE The ActivePassive pitch squeezed into one ticker: an index core, value, quality and momentum tilts, and active sleeves, all measured against the CRSP US Large Cap Index for 0.31%, with no waiver.

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

APUE The Fund seeks long-term capital appreciation through a blend of active and passive U.S. equity strategies.

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

• APUE Blends an index core with value, quality and momentum tilts against the CRSP US Large Cap Index, so one ticker carries the whole recipe.
• At 0.31% it sits below the typical fee in the active U.S. equity category, and that is the real price: gross and net match, no fee waiver doing the work.
• Grew into a multi-billion-dollar fund since its 2023 launch and trades with moderate volume, not a thinly followed experiment.
• Rates among the stronger implementations in a crowded field of active U.S. equity funds.

• 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

• APUE You pay for the active sleeves: DFAU charges 0.12%, AVLC 0.15% and EBI 0.24% net of a waiver through December 31, 2026, for core U.S. equity exposure.
• Blending strategies means results can drift from the CRSP large-cap benchmark in either direction. This is not an index tracker.
• Cash comes back once or twice a year, not as a monthly paycheck.

• 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 APUE profile⁠

Full DYNF profile⁠