iShares MSCI ACWI ETF(ACWI)
AI Look-Through Summary
AI GeneratedThe iShares MSCI ACWI ETF presents a globally diversified equity exposure with a distinct tilt toward the technology and communication services sectors, which collectively account for nearly 27% of its portfolio weight. This concentration is driven primarily by massive individual positions in major U.S.-based giants such as NVIDIA, Apple, Microsoft, Amazon, Alphabet, Meta Platforms, and Broadcom. The top ten holdings alone represent a significant portion of the fund's assets under management, creating a scenario where performance is heavily influenced by the valuation trajectories and earnings reports of these specific mega-cap technology leaders rather than a broad dispersion across global markets.
Geographically, while the ETF aims to capture developed and emerging market equities according to its MSCI ACWI index mandate, the provided data highlights an overwhelming presence of U.S. domiciled securities within the top tier of holdings. This suggests that despite its "all-country" label, the immediate risk profile mirrors that of a large-cap U.S. technology fund due to the dominance of American firms in the upper echelons of the asset list. The sector allocation further reinforces this observation, with financial services and consumer cyclical sectors trailing significantly behind tech and communications, indicating limited exposure to traditional value plays or defensive industries within the current weighting structure.
Quantitatively, a $28.2 billion asset base provides substantial liquidity for institutional investors seeking efficient access to global equities through a single vehicle. However, the structural overlap between this fund's top holdings and those of pure-play U.S. technology ETFs means that it does not offer complete diversification benefits against sector-specific downturns in the semiconductor or software industries. Investors examining this instrument must weigh the convenience of broad geographic indexing against the reality that their returns will be disproportionately correlated with the fortunes of a narrow group of high-valuation American corporations, effectively blurring the line between a global allocation and a concentrated tech bet.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-22 17:11:05.279992+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 95/100The iShares MSCI ACWI ETF maintains a high degree of thematic coherence, as its name implies broad global equity exposure rather than a specific sectoral focus. Unlike pure-play thematic funds that might concentrate heavily in artificial intelligence or renewable energy, this fund's composition naturally reflects the aggregate market capitalization weights of developed and emerging economies. The top holdings, dominated by major technology firms like NVIDIA and Apple alongside diverse sectors such as financials and healthcare, are consistent with a global all-cap mandate where large-cap stocks inherently hold significant weight due to their size relative to national GDPs. There is no evidence here of unrelated holdings diluting the theme; rather, the presence of these specific companies aligns perfectly with an index designed to track total world stock market performance without deviation toward niche strategies.
Sector concentration reveals a typical profile for a global benchmark, where technology and communication services command substantial weight due to their growth trajectories in major economies like the United States. While the top ten holdings represent 24% of assets under management, this level of concentration is expected in broad-market indices dominated by mega-cap equities rather than indicating a lack of diversification across the underlying pool of over 3,000 constituents implied by the fund's scope. The sector breakdown shows balanced representation from financials, industrials, and consumer staples, ensuring that no single industry drives the entire portfolio to the detriment of global exposure. Consequently, the fund appears genuinely differentiated as a comprehensive market proxy rather than an index attempting to mimic a specific thematic narrative through stock selection.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 06:00:41.994647+00
⚠️ Systemic Risk Synthesis
AI GeneratedThe newly disclosed risk factors across the top holdings of iShares MSCI ACWI ETF highlight three converging macro-level threats: regulatory compliance costs related to climate change, escalating cybersecurity and data privacy requirements, and emerging constraints on artificial intelligence development. These disclosures indicate that major technology leaders are facing potential material adverse impacts from evolving legal frameworks designed to govern environmental sustainability, digital security standards, and the responsible deployment of AI technologies. The specific mention of increased operational costs suggests that these external regulatory pressures may directly erode profit margins across multiple sectors within the fund's portfolio simultaneously.
The concentration of these risks among the largest weights in the ETF creates a significant potential for correlated downside exposure. With NVIDIA holding nearly half a percent alone and facing all three identified risk categories, while Apple, Microsoft, Amazon, Google, Meta, and Broadcom also represent substantial portions of the fund, the overlap is non-trivial. If regulatory bodies enforce stricter climate mandates or AI usage rules across jurisdictions, these top ten holdings could experience synchronized pressure on their financial conditions. This clustering implies that a single adverse policy shift in technology regulation or environmental law could impact a disproportionate share of the ETF's total value, reducing diversification benefits during periods of heightened regulatory scrutiny.
While systemic risks dominate the current disclosures, NVIDIA carries unique weight due to its specific exposure to AI regulation and climate compliance alongside cybersecurity concerns. As the largest holding at 4.8%, any material adverse event stemming from these three distinct regulatory fronts would have an outsized effect on the fund's overall performance compared to lower-weighted constituents like ExxonMobil or Johnson & Johnson, which do not appear in this specific set of new risk factors. The interplay between high weighting and multi-faceted regulatory vulnerability underscores a critical area where portfolio-level stability could be tested by external policy developments rather than internal business failures.
Synthesized from constituent 10-K risk factor disclosures. Not investment advice. Updated: 2026-05-23 12:47:05.252899+00
🏢 Sector Analysis
AI GeneratedThe iShares MSCI ACWI ETF exhibits a distinct tilt toward technology, which comprises 20.0% of the portfolio and accounts for three of its top five holdings. This heavy weighting in communication services and consumer cyclical sectors alongside healthcare suggests an investment thesis heavily influenced by growth-oriented mega-cap equities rather than broad-based value or defensive positioning. The concentration within the technology sector is further amplified when considering that NVDA, AAPL, MSFT, AMZN, and GOOGL collectively represent 24.0% of assets held in just ten positions. Such a structure indicates significant exposure to large-cap U.S. innovation leaders while maintaining a relatively light footprint in energy, utilities, real estate, and basic materials combined at less than 5.1%.
From a risk perspective, the fund's allocation reveals substantial concentration risk tied specifically to the performance of its largest constituents rather than sector-wide volatility alone. The dominance of five mega-cap technology names means that idiosyncratic events affecting these specific companies could disproportionately impact overall portfolio returns compared to a more evenly distributed global index. While the inclusion of financial services, industrials, and consumer defensives provides some diversification across traditional economic drivers, their smaller weights fail to offset the sheer influence exerted by the technology-heavy core. Consequently, the fund's factor profile leans heavily toward market capitalization weighting and momentum characteristics inherent in high-flying tech stocks, potentially resulting in higher beta behavior during periods of market stress or rapid growth deceleration among large-cap leaders.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-22 06:56:17.972348+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share ACWI's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of ACWI's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| URTHiShares MSCI World ETF | $7B | — | 1318 | 88.8% |
| ITOTiShares Core S&P Total U.S. Stock Market ETF | $80B | — | 543 | 63.4% |
| SCHBSchwab U.S. Broad Market ETF | $37B | — | 540 | 62.8% |
| SCHXSCHX | $61B | — | 535 | 62.7% |
| IVViShares Core S&P 500 ETF | $762B | 0.03% | 459 | 61.5% |
89% of ACWI's portfolio by weight is also held by URTH. When URTH receives inflows, it mechanically buys these shared stocks — dragging ACWI's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofACWI's weight.
Overlap computed from constituent-level holdings data across 5 ETFs. Price co-movement with driver ETFs is structural, not coincidental. Not investment advice.
ETF Look-Through Dashboard
Replaces $249/yr MorningstarPeer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 72% of fund assets with available data.
Herfindahl-Hirschman Concentration Index
Morningstar-Style Box
Sector & Cap Explorer
ETF Fundamental Radar
Operational health is mixed, with the bulk of weight in the mid-range (4–6) Piotroski scores.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 60% of fund weight with Piotroski data.
Computed by rolling up individual stock Piotroski F-Scores, Altman Z-Scores, and Beneish M-Scores weighted by each constituent's allocation. Data that Vanguard and BlackRock don't surface.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside ACWI collectively pay out 37% of their Free Cash Flow to maintain the current yield. This leaves a substantial cash buffer, making dividend cuts unlikely even in a downturn. Based on 48% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryACWI is up 30.3% over the last 12 months. The underlying weighted earnings growth of its constituents is +35.0%. Despite earnings growth, valuations have contracted by 4.7% — the market is paying less per dollar of earnings than a year ago.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 59% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of ACWI's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of ACWI's analyzed weight, 82% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 18% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 53% of fund weight with available data. Not investment advice.
Passive Crowding Score
MODERATEHow much of each constituent's market cap is structurally locked in passive ETFs — a proxy for liquidity fragility during sell-offs.
ACWI has a Passive Crowding Score of 30/100. On average, 9.1% of the market capitalization of ACWI's underlying holdings is structurally locked in passive ETF vehicles. This indicates moderate passive ownership density. Index rebalances and ETF creation/redemption activity can amplify short-term volatility in the underlying holdings.
Passive $ = Σ(ETF AUM × holding weight) across all 52 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA Corp Technology | 4.84% | 32.4x | 4/9 |
| 2 | AAPL | Apple Inc Technology | 4.01% | 37.7x | 8/9 |
| 3 | MSFT | Microsoft Corp Technology | 3.17% | 26.8x | 5/9 |
| 4 | AMZN | Amazon.com Inc Consumer Cyclical | 2.39% | 31.7x | 6/9 |
| 5 | GOOGL | Alphabet Inc Communication Services | 2.05% | 29.0x | 6/9 |
| 6 | GOOG | Alphabet Inc Communication Services | 1.73% | 28.7x | 6/9 |
| 7 | META | Meta Platforms Inc Communication Services | 1.62% | 23.0x | 5/9 |
| 8 | AVGO | Broadcom Inc Technology | 1.55% | 86.9x | 8/9 |
| 9 | TW0002330008 | Taiwan Semiconductor Manufacturing Co Ltd | 1.42% | 31.9x | 9/9 |
| 10 | TSLA | Tesla Inc Consumer Cyclical | 1.27% | 399.8x | 5/9 |
| 11 | JPM | JPMorgan Chase & Co Financial Services | 0.88% | 14.3x | 3/9 |
| 12 | LLY | Eli Lilly & Co Healthcare | 0.87% | 39.2x | 7/9 |
| 13 | BRKB | Berkshire Hathaway Inc | 0.69% | — | — |
| 14 | XOM | Exxon Mobil Corp Energy | 0.63% | 24.5x | 5/9 |
| 15 | NL0010273215 | ASML Holding NV | 0.58% | 53.5x | 8/9 |
Historical Holdings Snapshots
Browse how ACWI’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 4.84% | 6,816,258 | $1.3B |
| 2 | AAPL | 4.01% | 4,163,416 | $1.1B |
| 3 | MSFT | 3.17% | 1,980,081 | $852.0M |
| 4 | AMZN | 2.39% | 2,690,591 | $643.9M |
| 5 | GOOGL | 2.05% | 1,631,499 | $551.4M |
| 6 | GOOG | 1.73% | 1,371,634 | $464.3M |
| 7 | META | 1.62% | 608,265 | $435.8M |
| 8 | AVGO | 1.55% | 1,258,725 | $417.0M |
| 9 | TW0002330008 | 1.42% | 6,926,000 | $383.0M |
| 10 | TSLA | 1.27% | 793,023 | $341.3M |
| 11 | JPM | 0.88% | 769,985 | $235.5M |
| 12 | LLY | 0.87% | 225,653 | $234.0M |
| 13 | BRKB | 0.69% | 385,993 | $185.5M |
| 14 | XOM | 0.63% | 1,190,633 | $168.4M |
| 15 | NL0010273215 | 0.58% | 108,739 | $155.9M |
2026-05-23
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 4.84% | 6,816,258 | $1.3B |
| 2 | AAPL | 4.01% | 4,163,416 | $1.1B |
| 3 | MSFT | 3.17% | 1,980,081 | $852.0M |
| 4 | AMZN | 2.39% | 2,690,591 | $643.9M |
| 5 | GOOGL | 2.05% | 1,631,499 | $551.4M |
| 6 | GOOG | 1.73% | 1,371,634 | $464.3M |
| 7 | META | 1.62% | 608,265 | $435.8M |
| 8 | AVGO | 1.55% | 1,258,725 | $417.0M |
| 9 | TW0002330008 | 1.42% | 6,926,000 | $383.0M |
| 10 | TSLA | 1.27% | 793,023 | $341.3M |
| 11 | JPM | 0.88% | 769,985 | $235.5M |
| 12 | LLY | 0.87% | 225,653 | $234.0M |
| 13 | BRKB | 0.69% | 385,993 | $185.5M |
| 14 | XOM | 0.63% | 1,190,633 | $168.4M |
| 15 | NL0010273215 | 0.58% | 108,739 | $155.9M |
2026-05-22
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 4.84% | 6,816,258 | $1.3B |
| 2 | AAPL | 4.01% | 4,163,416 | $1.1B |
| 3 | MSFT | 3.17% | 1,980,081 | $852.0M |
| 4 | AMZN | 2.39% | 2,690,591 | $643.9M |
| 5 | GOOGL | 2.05% | 1,631,499 | $551.4M |
| 6 | GOOG | 1.73% | 1,371,634 | $464.3M |
| 7 | META | 1.62% | 608,265 | $435.8M |
| 8 | AVGO | 1.55% | 1,258,725 | $417.0M |
| 9 | TW0002330008 | 1.42% | 6,926,000 | $383.0M |
| 10 | TSLA | 1.27% | 793,023 | $341.3M |
| 11 | JPM | 0.88% | 769,985 | $235.5M |
| 12 | LLY | 0.87% | 225,653 | $234.0M |
| 13 | BRKB | 0.69% | 385,993 | $185.5M |
| 14 | XOM | 0.63% | 1,190,633 | $168.4M |
| 15 | NL0010273215 | 0.58% | 108,739 | $155.9M |
2026-05-21
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 4.84% | 6,816,258 | $1.3B |
| 2 | AAPL | 4.01% | 4,163,416 | $1.1B |
| 3 | MSFT | 3.17% | 1,980,081 | $852.0M |
| 4 | AMZN | 2.39% | 2,690,591 | $643.9M |
| 5 | GOOGL | 2.05% | 1,631,499 | $551.4M |
| 6 | GOOG | 1.73% | 1,371,634 | $464.3M |
| 7 | META | 1.62% | 608,265 | $435.8M |
| 8 | AVGO | 1.55% | 1,258,725 | $417.0M |
| 9 | TW0002330008 | 1.42% | 6,926,000 | $383.0M |
| 10 | TSLA | 1.27% | 793,023 | $341.3M |
| 11 | JPM | 0.88% | 769,985 | $235.5M |
| 12 | LLY | 0.87% | 225,653 | $234.0M |
| 13 | BRKB | 0.69% | 385,993 | $185.5M |
| 14 | XOM | 0.63% | 1,190,633 | $168.4M |
| 15 | NL0010273215 | 0.58% | 108,739 | $155.9M |
2026-05-20
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 4.84% | 6,816,258 | $1.3B |
| 2 | AAPL | 4.01% | 4,163,416 | $1.1B |
| 3 | MSFT | 3.17% | 1,980,081 | $852.0M |
| 4 | AMZN | 2.39% | 2,690,591 | $643.9M |
| 5 | GOOGL | 2.05% | 1,631,499 | $551.4M |
| 6 | GOOG | 1.73% | 1,371,634 | $464.3M |
| 7 | META | 1.62% | 608,265 | $435.8M |
| 8 | AVGO | 1.55% | 1,258,725 | $417.0M |
| 9 | TW0002330008 | 1.42% | 6,926,000 | $383.0M |
| 10 | TSLA | 1.27% | 793,023 | $341.3M |
| 11 | JPM | 0.88% | 769,985 | $235.5M |
| 12 | LLY | 0.87% | 225,653 | $234.0M |
| 13 | BRKB | 0.69% | 385,993 | $185.5M |
| 14 | XOM | 0.63% | 1,190,633 | $168.4M |
| 15 | NL0010273215 | 0.58% | 108,739 | $155.9M |
2026-05-19
15 holdings · 27.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 4.84% | 6,816,258 | $1.3B |
| 2 | AAPL | 4.01% | 4,163,416 | $1.1B |
| 3 | MSFT | 3.17% | 1,980,081 | $852.0M |
| 4 | AMZN | 2.39% | 2,690,591 | $643.9M |
| 5 | GOOGL | 2.05% | 1,631,499 | $551.4M |
| 6 | GOOG | 1.73% | 1,371,634 | $464.3M |
| 7 | META | 1.62% | 608,265 | $435.8M |
| 8 | AVGO | 1.55% | 1,258,725 | $417.0M |
| 9 | TW0002330008 | 1.42% | 6,926,000 | $383.0M |
| 10 | TSLA | 1.27% | 793,023 | $341.3M |
| 11 | JPM | 0.88% | 769,985 | $235.5M |
| 12 | LLY | 0.87% | 225,653 | $234.0M |
| 13 | BRKB | 0.69% | 385,993 | $185.5M |
| 14 | XOM | 0.63% | 1,190,633 | $168.4M |
| 15 | NL0010273215 | 0.58% | 108,739 | $155.9M |
Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.
Risk Profile
Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.
Fama-French 5-Factor Exposure
Academic factor model decomposition — what's really driving this ETF's returns.
Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.
Price Chart with Moving Averages
What Drove ACWI Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe iShares MSCI ACWI ETF is currently trading at $155.99, a position that warrants examination relative to its long-term moving average envelope to gauge potential mean-reversion dynamics. Without specific upper and lower band values provided in the dataset, the precise distance from the current price remains undefined; however, if this level sits significantly below the historical volatility bands, it may suggest an extended drawdown where statistical probability often favors a bounce toward the mean. Conversely, trading well above these boundaries could indicate overextension relative to recent average performance patterns. The global large-stock blend nature of the fund implies that such deviations are frequently driven by broad macroeconomic shifts rather than isolated sector rotations. Mean reversion strategies typically look for prices at the extremes of their standard deviation ranges, assuming a statistical pullback is more likely when an asset deviates too far from its historical norm. In this context, the current price level serves as a pivot point where traders might assess whether the market has exhausted recent momentum or if further trending behavior is imminent. The absence of immediate proximity to either band in the provided data leaves the specific probability of a reversal ambiguous, necessitating an analysis of broader trend strength before drawing conclusions about short-term directional bias. Ultimately, the relationship between $155.99 and the implied moving average boundaries will dictate whether the current setup aligns with traditional value restoration patterns or continued momentum continuation.
Underwater (Drawdown from Peak)
How far below the all-time high the price has been over time. Deeper = more pain for holders.
Rolling 60-Day Beta vs S&P 500 (VOO)
How the ETF's sensitivity to market moves changes over time. β > 1 = more volatile than the market.
Yield & Income
Sector Drift Over Time
How ACWI’s sector allocation has shifted across snapshots. Use the slider to travel through time.
Active Conviction Tracker
Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.
AUM & Capital Flow Tracker
Estimated assets under management derived from SEC filings and daily price movements — tracks how the fund's value evolves over time.
Estimated AUM derived from the latest SEC N-PORT filing TNA ($27.21B) scaled by daily price changes. Filing snapshots update when new regulatory filings are published (quarterly for most funds, daily for ARK).
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.