DYNF vs USFE

DYNFAiShares U.S. Equity Factor Rotation Active ETF

USFECFirst Eagle US Equity 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.

USFE First Eagle built its name buying resilient businesses only at a discount to what they are worth. USFE puts that margin-of-safety discipline on US stocks, priced below most active rivals.

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.

USFE The Fund seeks long-term growth of capital.

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.

• USFE Costs 0.45% a year, well under the 0.65% median for active US equity funds in its peer group. Cheap freight for a stockpicker.
• Runs First Eagle's signature playbook: resilient companies with strong balance sheets and prudent management, bought only at a "margin of safety" to estimated intrinsic value.firsteagle.com
• A fully active, transparent 1940 Act fund whose stated goal is long-term growth of capital, extending an ETF lineup the firm started in late 2024.firsteagle.com

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.

• USFE Launched in 2026, still small and thinly traded. Little live history to judge, and spreads can run wider than on a big index fund.
• The 0.45% is net of a contractual expense cap; the stated management fee is 0.79%. Check the current prospectus for how long the waiver runs.sec.govsec.gov 2
• Broad rivals like DFAU (0.12%) and AVLC (0.15%) cost a third as much. Here you pay for stockpicking and a value tilt that moves differently from the market.

Full DYNF profile⁠

Full USFE profile⁠