Equity

DYNF

BlackRock U.S. Equity Factor Rotation ETF ACTIVE

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Overview

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Performance

Performance

Growth of Hypothetical 10,000

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Distributions

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Premium/Discount

  1Y 3Y 5Y 10y Incept.
30.95 - - - 17.53
Market Price (%) 31.04 - - - 17.58
After Tax Pre-Liq. (%) 30.54 - - - 17.08
After Tax Post-Liq. (%) 18.56 - - - 13.63
  YTD 1m 3M 1Y 3Y 5Y 10y Incept.
15.36 -4.74 -0.29 30.95 - - - 50.66
Market Price (%) 15.63 -4.51 -0.13 31.04 - - - 50.82
After Tax Pre-Liq. (%) 15.11 -4.80 -0.36 30.54 - - - 49.21
After Tax Post-Liq. (%) 9.24 -2.76 -0.13 18.56 - - - 38.30
  2016 2017 2018 2019 2020
Total Return (%) - - - - 13.58
Market Price (%) - - - - 13.36
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted.

Key Facts

Key Facts

Net Assets as of Oct 15, 2021 USD 101,870,003
Inception Date Mar 19, 2019
Asset Class Equity
Benchmark Index MSCI Developed - US Gross TR Index
Shares Outstanding as of Oct 15, 2021 2,700,000
Exchange NYSE Arca
Number of Holdings as of Oct 14, 2021 621
Premium/Discount as of Oct 15, 2021 0.00
Premium/Discount as of Oct 15, 2021 0.00%
CUSIP 09290C103
Closing Market Price as of Oct 15, 2021 37.73
Mid-Point Market Price as of Oct 15, 2021 37.73
30 Day Avg. Volume as of Oct 15, 2021 4,913.00
30 Day Median Bid/Ask Spread as of Oct 15, 2021 0.08
Volume - 1d as of Oct 15, 2021 7,553.00

Portfolio Characteristics

Portfolio Characteristics

Equity Beta (3y) as of - -
12m Yield as of Jul 31, 2021 1.27%
30 Day SEC Yield as of Sep 30, 2021 0.94%
Standard Deviation (3y) as of - -
12m Trailing Yield as of Sep 30, 2021 1.20%

Sustainability Characteristics

Sustainability Characteristics

Sustainability Characteristics can help investors integrate non-financial, sustainability considerations into their investment process. These metrics enable investors to evaluate funds based on their environmental, social, and governance (ESG) risks and opportunities. This analysis can provide insight into the effective management and long-term financial prospects of a fund.


The metrics below have been provided for transparency and informational purposes only. The existence of an ESG rating is not indicative of how or whether ESG factors will be integrated into a fund. The metrics are based on MSCI ESG Fund Ratings and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind Sustainability Characteristics, using links below.

MSCI ESG Fund Rating (AAA-CCC) as of Oct 7, 2021 A
MSCI ESG Quality Score (0-10) as of Oct 7, 2021 6.70
MSCI ESG Quality Score - Peer Percentile as of Oct 7, 2021 68.73
MSCI ESG % Coverage as of Oct 7, 2021 99.80
Fund Lipper Global Classification as of Oct 7, 2021 Equity US
MSCI Weighted Average Carbon Intensity (Tons CO2E/$M SALES) as of Oct 7, 2021 142.27
Funds in Peer Group as of Oct 7, 2021 3,361
All data is from MSCI ESG Fund Ratings as of Oct 7, 2021, based on holdings as of Aug 31, 2021. As such, the fund’s sustainable characteristics may differ from MSCI ESG Fund Ratings from time to time.

To be included in MSCI ESG Fund Ratings, 65% of the fund’s gross weight must come from securities covered by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. For newly launched funds, sustainability characteristics are typically available 6 months after launch.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons as of Oct 14, 2021 0.82%
MSCI - UN Global Compact Violators as of Oct 14, 2021 0.25%
MSCI - Nuclear Weapons as of Oct 14, 2021 0.73%
MSCI - Thermal Coal as of Oct 14, 2021 0.00%
MSCI - Civilian Firearms as of Oct 14, 2021 0.07%
MSCI - Oil Sands as of Oct 14, 2021 0.00%
MSCI - Tobacco as of Oct 14, 2021 0.14%

Business Involvement Coverage as of Oct 14, 2021 99.67%
Percentage of Fund not covered as of Oct 14, 2021 0.33%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.07% and for Oil Sands 0.21%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating material environmental, social and governance (ESG) information or insights alongside traditional measures into the investment decision process to improve long term financial outcomes of portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective, but rather describes how ESG information is considered as part of the overall investment process.


The Fund manager includes ESG considerations in the research, selection, monitoring and reporting phases of the investment process. This may include third-party and internal material considerations, as defined by the investment team, of ESG criteria. The Fund manager undergoes a rigorous research phase in the construction of internal ESG research signals, which highlight criteria such as human capital or management quality. As part of this research, the Fund manager conducts due diligence on ESG data providers. Once these signals have met the criteria necessary to be incorporated in the portfolio, they are considered as part of the investment decisions on an ongoing basis as part of a broader set of signals. The Fund manager additionally uses standardized ESG criteria (headline ESG ratings, carbon emissions intensity) during the reporting phase. These may be sourced internally or directly from third-party data providers and are featured in internal portfolio analytics. The Fund manager conducts regular portfolio risk reviews with Risk and Quantitative Analysis group. These reviews include discussion of the portfolio’s exposure to material ESG risks, as well as exposure to sustainability-related business involvements, climate-related metrics, and other factors.

Fees

Fees

as of current prospectus
Management Fee 0.30
Acquired Fund Fees and Expenses 0.00
Foreign Taxes and Other Expenses 0.00
Expense Ratio 0.30
on Dec 31, 2019
Management Fee 0.30
Acquired Fund Fees and Expenses 0.00
Foreign Taxes and Other Expenses 0.00
Expense Ratio 0.30

Holdings

Holdings

as of Oct 14, 2021
Ticker ISIN Name Asset Class SEDOL Shares Market Value Weight (%) Price Exchange Notional Value
Issuer Ticker Name Asset Class Weight (%) Price Shares Market Value Notional Value SEDOL ISIN Exchange
Holdings are subject to change

The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.

Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.

Exposure Breakdowns

Exposure Breakdowns

as of Oct 14, 2021

% of Market Value

Type Fund
Allocations are subject to change.

Portfolio Managers

Portfolio Managers

Philip Hodges, PhD
Managing Director, Chief Investment Officer for Blackrock's Factor-Based Strategies Group

Philip Hodges

He Ren
Vice President, Factor-Based Strategies Group

He Ren is a senior researcher at BlackRock's Factor-Based Strategies Group which optimizes factors to help meet investment outcomes, such as retirement savings, factor advisory mandates and bespoke factor solutions.

Literature

Literature