DYNF vs KOOL

DYNFAiShares U.S. Equity Factor Rotation Active ETF

KOOLDNorth Shore Equity Rotation 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.

KOOL A sector-rotation fund that published its playbook: the prospectus names four business-cycle stages and the sectors KOOL tilts toward in each, from staples and utilities in a recession to tech and financials in an expansion.

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.

KOOL The Fund seeks to outperform the S&P 500 Index through investments across different equity-market sectors.

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.

• KOOL The playbook is in writing. The prospectus names four cycle stages (recession, recovery, expansion, slowdown) and the sectors the fund leans into in each.sec.gov
• Views get expressed through both single stocks and sector ETFs, so one trade can shift a whole sleeve. The book stays concentrated, at roughly 40 positions.sec.gov
• The adviser reviews GDP, employment, consumer spending and inflation at least monthly, so the stage call runs on a set cadence rather than on headlines.sec.gov
• The mandate is global, not U.S.-only, so the rotation can reach foreign equities as well as domestic ones.sec.gov

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.

• KOOL Pricier than most of the category: 0.93% net of a waiver through July 31, 2027, versus a 1.32% gross rate, while peers like DFAU at 0.12% and AVLC at 0.15% sit far below.
• Thinly traded and non-diversified, so spreads can bite on entry and exit and a handful of names can drive results.sec.gov
• Everything rides on the adviser's read of the cycle, and the prospectus notes the stages can repeat or arrive out of order.sec.gov

Full DYNF profile⁠

Full KOOL profile⁠