DYNF vs SNAV

DYNFAiShares U.S. Equity Factor Rotation Active ETF

SNAVDMohr Sector Nav 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.

SNAV Eleven sectors make up the S&P 500, and this active fund tries to hold only the ones its model favors. A boutique rotation strategy that costs 1.59% a year, with no fee waiver in place.

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.

SNAV The Fund seeks capital appreciation through an actively managed, tactical strategy that allocates among industry sectors associated with the S&P 500 Index.

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.

• SNAV Rotation instead of owning everything: the adviser tactically allocates across the 11 sectors in the S&P 500, so sector weights can sit far from a plain index fund's.sec.gov
• You outsource the sector calls. One ticker does the work of shuffling a basket of sector funds yourself, with a manager deciding what gets weight.sec.gov
• Trading since January 2023, so there is a real, public live record to examine rather than a backtest.

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.

• SNAV At 1.59% with no fee waiver in place, it costs more than the typical fund in its active US equity category, and far more than core peers DFAU (0.12%) and AVLC (0.15%) or active rotation peer DYNF (0.26%).
• Small and lightly traded, which can mean wider bid-ask spreads and choppier fills than a mainstream core fund.
• Its own filings frame it for investors seeking long-term growth who can tolerate full market risk and large swings in principal. It has not been paying distributions.sec.gov

Full DYNF profile⁠

Full SNAV profile⁠