DYNF vs LST

DYNFAiShares U.S. Equity Factor Rotation Active ETF

LSTBLeuthold Select Industries 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.

LST Leuthold's Select Industries Strategy in ETF form: an active, go-anywhere US portfolio that ranks companies on growth, momentum, quality, profitability and value instead of betting the whole book on one style.

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.

LST The Fund seeks capital appreciation by investing primarily in U.S.-traded equity securities across companies of all sizes and industries.

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.

• LST Five factors, one fund. Growth, momentum, profitability, quality and value all feed selection, so no single style's cold streak sets the tone alone.
• Go-anywhere mandate: US-traded companies of any size and any industry, which keeps small and mid caps on the menu rather than megacaps only.
• At 0.65% it charges what a typical active US equity ETF charges. No boutique surcharge for a discretionary manager.
• Sits in the stronger tier of the active US equity funds we cover, helped by how the portfolio is assembled and how cleanly the shares change hands.

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.

• LST Launched in December 2024, so there is no full market cycle behind the ETF yet, only a short live record.
• Cheap core rivals undercut it hard: DFAU runs 0.12% and FELC 0.18%. The 0.65% here buys active stock picking, not index tracking.
• Small fund, moderate trading. Spreads can run wider than on giant index ETFs, so limit orders matter more here.

Full DYNF profile⁠

Full LST profile⁠