- DYNF is an actively managed fund designed to generate excess returns by opportunistically utilizing factors prevailing in the U.S. stock market, be it value, quality, momentum, etc.
- The strategy has significant limitations.
- The Quant data is used in the article to hypothesize about the fund's factor exposure in end-2021 and end-Q1 2022 and make assumptions about the culprits of underperformance.
- The article discusses DYNF's returns and explains why this investment vehicle is a Hold.
For further details see:
DYNF: Returns Illustrate Limitations Of Active Factor-Based Strategies