DYNF vs ESUM

DYNFAiShares U.S. Equity Factor Rotation Active ETF

ESUMBEventide US Market ETF

In short

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.

ESUM Eventide runs its values screen across the whole US market, not just the blue chips: an active portfolio measured against the Bloomberg U.S. 3000, at 0.39% when the typical active US stock fund charges far more.

Stated mandate

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

ESUM The Fund seeks long-term capital appreciation by investing in a portfolio of U.S. equity securities selected under the adviser’s values-based screening process.

Why people hold it

• 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.

• ESUM Costs 0.39% a year, well under the 0.65% median for active US equity funds. Cheap for a stockpicker, let alone one running a custom screen.
• The portfolio sticks closely to the values-based mandate in its prospectus, and spreads risk widely rather than betting the fund on a few names.
• Benchmarked to the Bloomberg U.S. 3000, so small and mid caps sit inside the opportunity set, not just megacap America.
• Sits in the upper tier of our active US equity group, an unusual place for a fund this young. It also pays out quarterly.

Worth knowing

• 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.

• ESUM Launched in December 2024. The record is short, so any read on how it handles rough markets rests on limited history.
• Systematic core rivals undercut it on fee: DFAU at 0.12%, AVLC at 0.15%, DFAC at 0.17%. The values screen is what the extra buys.
• A smaller fund that trades lightly, so bid-ask spreads can run wider than in the category's giants and execution matters more at the point of trade.

Full DYNF profile⁠

Full ESUM profile⁠