DYNF vs. FWD ETF Comparison

Comparison of BlackRock U.S. Equity Factor Rotation ETF (DYNF) to AB Disruptors ETF (FWD)

DYNF

BlackRock U.S. Equity Factor Rotation ETF

DYNF Description

The investment seeks to outperform the investment results of the large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets plus the amount of any borrowings for investment purposes in U.S. listed common stock of large- and mid-capitalization companies selected based on a proprietary Factor Rotation model developed by BFA and its affiliates. It is non-diversified.

Grade (RS Rating)

Last Trade

$52.15

Average Daily Volume

1,194,250

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$83.95

Average Daily Volume

20,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DYNF	FWD
30 Days	3.39%	6.41%
60 Days	5.74%	8.28%
90 Days	7.44%	8.11%
12 Months	39.86%	46.37%

16 Overlapping Holdings

Symbol	Grade	Weight in DYNF	Weight in FWD	Overlap
AMZN	C	4.59%	1.73%	1.73%
AVGO	D	1.5%	1.29%	1.29%
BKNG	A	1.64%	0.63%	0.63%
BSX	B	0.43%	1.56%	0.43%
CAT	B	1.43%	0.98%	0.98%
ETN	A	1.41%	1.09%	1.09%
GOOGL	C	3.2%	1.3%	1.3%
LLY	F	1.05%	0.76%	0.76%
META	D	3.85%	1.41%	1.41%
MSFT	F	7.22%	0.7%	0.7%
NFLX	A	1.06%	1.54%	1.06%
NOW	A	1.71%	0.55%	0.55%
NVDA	C	9.32%	5.29%	5.29%
ORCL	B	0.09%	1.81%	0.09%
TSLA	B	1.89%	3.08%	1.89%
TT	A	1.17%	1.05%	1.05%

DYNF Overweight 53 Positions Relative to FWD

Symbol	Grade	Weight
AAPL	C	7.05%
XOM	B	4.08%
LEN	D	3.9%
BAC	A	3.44%
JPM	A	2.95%
COST	B	2.85%
UNH	C	2.65%
V	A	2.41%
HIG	B	1.96%
PG	A	1.92%
MA	C	1.82%
PGR	A	1.79%
BRK.A	B	1.79%
JNJ	D	1.76%
TMUS	B	1.76%
WMT	A	1.68%
GOOG	C	1.55%
DUK	C	1.5%
CRM	B	1.46%
CSCO	B	1.44%
TRV	B	1.37%
PCAR	B	0.94%
GM	B	0.8%
GE	D	0.77%
PH	A	0.53%
INTU	C	0.51%
T	A	0.41%
ACGL	D	0.4%
CVX	A	0.32%
C	A	0.26%
PHM	D	0.26%
AXP	A	0.22%
MPC	D	0.22%
WM	A	0.17%
RTX	C	0.16%
APH	A	0.14%
TJX	A	0.1%
PANW	C	0.02%
SO	D	0.01%
CPNG	D	0.0%
M	D	0.0%
SNOW	C	0.0%
MET	A	0.0%
NU	C	0.0%
DELL	C	0.0%
HPE	B	0.0%
VLO	C	0.0%
NTNX	A	0.0%
QCOM	F	0.0%
WDAY	B	0.0%
EG	C	0.0%
WTW	B	0.0%
TRGP	B	0.0%

DYNF Underweight 63 Positions Relative to FWD

Symbol	Grade	Weight
VST	B	-2.35%
GEV	B	-2.15%
VRT	B	-1.67%
ISRG	A	-1.62%
ANET	C	-1.53%
TXN	C	-1.51%
SHOP	B	-1.39%
PLTR	B	-1.33%
HWM	A	-1.21%
SPOT	B	-1.16%
FTNT	C	-1.15%
EPAM	C	-1.14%
CRWD	B	-1.11%
APO	B	-1.09%
COHR	B	-1.06%
DASH	A	-1.06%
TTD	B	-1.05%
MRVL	B	-1.02%
MU	D	-1.01%
DDOG	A	-0.99%
ON	D	-0.98%
IOT	A	-0.98%
TEAM	A	-0.95%
LSCC	D	-0.94%
LRCX	F	-0.94%
TER	D	-0.93%
ARM	D	-0.91%
MDB	C	-0.91%
AMAT	F	-0.87%
WAB	B	-0.86%
BKR	B	-0.85%
SYK	C	-0.81%
NEE	D	-0.79%
GWRE	A	-0.79%
CIEN	B	-0.74%
FROG	C	-0.74%
MNDY	C	-0.74%
ABBV	D	-0.73%
SNPS	B	-0.72%
RBLX	C	-0.72%
ADBE	C	-0.71%
AMD	F	-0.7%
LITE	B	-0.66%
AFRM	B	-0.66%
SLAB	D	-0.65%
HUBS	A	-0.65%
ADI	D	-0.63%
MELI	D	-0.62%
TMO	F	-0.58%
ILMN	D	-0.56%
GTLB	B	-0.53%
RDDT	B	-0.53%
ABT	B	-0.52%
UBER	D	-0.52%
CRL	C	-0.5%
BSY	D	-0.48%
CFLT	B	-0.48%
ABNB	C	-0.46%
IPGP	D	-0.44%
IQV	D	-0.43%
FCX	D	-0.42%
RGEN	D	-0.41%
Z	A	-0.4%