DFAI(DFAI)
AI Look-Through Summary
AI GeneratedDFAI presents a distinct investment profile characterized by significant diversification across global markets, evidenced by its substantial assets under management of $14.6 billion and a sector weight in technology that stands at merely 1.4%. This low concentration within the tech sector suggests the fund is not primarily driven by exposure to semiconductor or software equities, despite ASML appearing as the top holding with a modest 1.4% allocation. The presence of major European and Japanese entities such as Shell, HSBC Holdings, Roche Holding (implied by context), Nestlé, TotalEnergies, and Toyota further indicates that capital is distributed across industrial, financial, consumer staples, and energy sectors rather than being clustered in a single industry vertical.
Geographically, the fund exhibits a pronounced tilt toward international exposure, as reflected by holdings listed with European (.L) and Japanese (.SW, .T) tickers comprising the majority of its top positions. This structure implies that DFAI functions more as a broad global diversifier than a vehicle for aggressive growth within specific domestic markets or high-beta sectors like technology. The relatively flat weighting among the top ten constituents, where no single asset exceeds 1.5%, points to an underlying strategy designed to minimize idiosyncratic risk through wide dispersion rather than capitalizing on concentrated outperformance from individual large-cap winners.
Quantitatively, the combination of high total assets and ultra-low sector concentrations suggests a portfolio engineered for stability and broad market participation rather than volatility or thematic leverage. The data indicates that investors in this vehicle are gaining exposure to established multinational corporations across diverse economic regions while maintaining minimal sensitivity to fluctuations within any single industry group. Consequently, the fund's behavior is likely to mirror general global equity trends with dampened reaction times to sector-specific shocks, offering a conservative approach to international diversification for those seeking reduced portfolio concentration risk.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-23 08:46:45.570091+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 15/100The investment theme implied by the ticker DFAI suggests a focus on disruptive innovation or specific growth sectors, yet the provided data reveals a stark misalignment with this expectation. The top holdings include major financial institutions like HSBA.L and diversified consumer goods giants such as ROP.SW alongside energy majors like TTE.PA, none of which fit a narrow thematic narrative centered on technology disruption. Although ASML appears in the list, its single 1.4% weight indicates that this semiconductor leader is merely one component among many unrelated equities rather than the core driver of the portfolio's strategy. The presence of these broad-market names suggests the fund may be utilizing generic labels to attract capital while maintaining a diversified exposure to global large-cap stocks that have little connection to a specific disruptive theme.
Sector coherence is virtually non-existent given that Technology represents only 1.4% of the total assets, failing to establish any meaningful thematic concentration. With a top-ten concentration of just 8.3%, the portfolio exhibits extreme dispersion across unrelated industries, indicating it functions more as a broad global equity sampler than a specialized vehicle. This lack of sector weighting consistency means the fund does not offer differentiated risk or return characteristics compared to a standard broad market index. The data implies that regardless of the thematic branding associated with the name, the actual asset allocation relies heavily on established mega-cap entities across diverse sectors, offering investors exposure to general market movements rather than targeted industry growth.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 03:58:02.401095+00
🏢 Sector Analysis
AI GeneratedThe sector allocation profile of DFAI presents a distinctively narrow exposure, with technology representing only 1.4% of the portfolio through a single holding in ASML. This minimal footprint suggests that the fund does not pursue a broad-based growth strategy or aim to capture general market momentum within the tech sector; rather, it appears designed for investors seeking specific diversification away from high-growth equities. The overwhelming absence of other major sectors implies an investment thesis focused on stability and income generation through non-technology assets, effectively decoupling performance from volatile innovation cycles that often dominate broader indices.
Concentration risk in this vehicle is moderate to low given the top ten holdings account for just 8.3% of total assets, indicating a highly diversified structure where no single position exerts significant influence on overall volatility. However, the lack of sector granularity creates an opaque view regarding factor tilts; without clear exposure to growth or value drivers across traditional industries, it is difficult to ascertain whether the fund leans toward quality factors or simply seeks low-beta defensive characteristics through its specific large-cap constituents like Shell and HSBC. The presence of international holdings such as ROP.SW and AZN.L further complicates any simple domestic market interpretation, suggesting a global mandate that prioritizes established multinational entities over sector-specific themes.
Ultimately, the data reveals a fund constructed for capital preservation rather than aggressive appreciation, relying on a scattered approach to major sectors while maintaining tight control over individual position sizes. This structure may appeal to portfolios requiring reduced correlation with traditional equity markets but offers limited utility for those seeking targeted exposure to emerging industries or high-growth trajectories. The specific composition underscores a deliberate avoidance of concentration in any single economic vertical, forcing investors to evaluate the fund based on its defensive attributes and international breadth rather than sector leadership potential.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-24 00:56:43.24792+00
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.
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 8% 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 DFAI collectively pay out 49% 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 7% 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
ProprietaryDFAI is up 25.7% over the last 12 months. The underlying weighted earnings growth of its constituents is +15.4%. The remaining +10.3% of performance is driven by multiple expansion (P/E inflation) — prices rose faster than earnings grew.
Earnings growth = weighted average YoY EPS growth of all constituents (capped at ±500% to limit outlier distortion). Based on 8% of fund weight with earnings data. Not investment advice.
Under the Hood — Top 9 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | ASML | ASML Holding NV ADR Technology | 1.43% | 53.8x | 8/9 |
| 2 | SHEL.L | Shell PLC | 1.05% | 15.5x | 5/9 |
| 3 | HSBA.L | HSBC Holdings PLC | 1.05% | 13.5x | 5/9 |
| 4 | ROP.SW | Roche Holding AG Ordinary Shares new | 0.98% | 19.4x | 7/9 |
| 5 | AZN.L | AstraZeneca PLC | 0.95% | 28.4x | 7/9 |
| 6 | NESN.SW | Nestle SA | 0.91% | 21.7x | 6/9 |
| 7 | 8306.T | Mitsubishi UFJ Financial Group Inc | 0.67% | 16.0x | 6/9 |
| 8 | TTE.PA | TotalEnergies SE | 0.65% | 16.2x | 5/9 |
| 9 | 7203.T | Toyota Motor Corp | 0.64% | 11.9x | 5/9 |
Historical Holdings Snapshots
Browse how DFAI’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
9 holdings · 8.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ASML | 1.43% | — | — |
| 2 | SHEL.L | 1.05% | — | — |
| 3 | HSBA.L | 1.05% | — | — |
| 4 | ROP.SW | 0.98% | — | — |
| 5 | AZN.L | 0.95% | — | — |
| 6 | NESN.SW | 0.91% | — | — |
| 7 | 8306.T | 0.67% | — | — |
| 8 | TTE.PA | 0.65% | — | — |
| 9 | 7203.T | 0.64% | — | — |
2026-05-23
9 holdings · 8.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ASML | 1.43% | — | — |
| 2 | SHEL.L | 1.05% | — | — |
| 3 | HSBA.L | 1.05% | — | — |
| 4 | ROP.SW | 0.98% | — | — |
| 5 | AZN.L | 0.95% | — | — |
| 6 | NESN.SW | 0.91% | — | — |
| 7 | 8306.T | 0.67% | — | — |
| 8 | TTE.PA | 0.65% | — | — |
| 9 | 7203.T | 0.64% | — | — |
2026-05-22
9 holdings · 8.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ASML | 1.43% | — | — |
| 2 | SHEL.L | 1.05% | — | — |
| 3 | HSBA.L | 1.05% | — | — |
| 4 | ROP.SW | 0.98% | — | — |
| 5 | AZN.L | 0.95% | — | — |
| 6 | NESN.SW | 0.91% | — | — |
| 7 | 8306.T | 0.67% | — | — |
| 8 | TTE.PA | 0.65% | — | — |
| 9 | 7203.T | 0.64% | — | — |
2026-05-21
9 holdings · 8.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ASML | 1.43% | — | — |
| 2 | SHEL.L | 1.05% | — | — |
| 3 | HSBA.L | 1.05% | — | — |
| 4 | ROP.SW | 0.98% | — | — |
| 5 | AZN.L | 0.95% | — | — |
| 6 | NESN.SW | 0.91% | — | — |
| 7 | 8306.T | 0.67% | — | — |
| 8 | TTE.PA | 0.65% | — | — |
| 9 | 7203.T | 0.64% | — | — |
2026-05-20
9 holdings · 8.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ASML | 1.43% | — | — |
| 2 | SHEL.L | 1.05% | — | — |
| 3 | HSBA.L | 1.05% | — | — |
| 4 | ROP.SW | 0.98% | — | — |
| 5 | AZN.L | 0.95% | — | — |
| 6 | NESN.SW | 0.91% | — | — |
| 7 | 8306.T | 0.67% | — | — |
| 8 | TTE.PA | 0.65% | — | — |
| 9 | 7203.T | 0.64% | — | — |
2026-05-19
9 holdings · 8.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | ASML | 1.43% | — | — |
| 2 | SHEL.L | 1.05% | — | — |
| 3 | HSBA.L | 1.05% | — | — |
| 4 | ROP.SW | 0.98% | — | — |
| 5 | AZN.L | 0.95% | — | — |
| 6 | NESN.SW | 0.91% | — | — |
| 7 | 8306.T | 0.67% | — | — |
| 8 | TTE.PA | 0.65% | — | — |
| 9 | 7203.T | 0.64% | — | — |
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.
Price Chart with Moving Averages
What Drove DFAI Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Top Contributors
Attribution = holding weight × stock daily return. Only the top contributors and detractors are shown.
Technical Setup
AI GeneratedThe current trading level of $41.16 for DFAI presents a snapshot where price action exists within an isolated data point, offering limited context regarding broader trend stability or momentum resilience without historical volatility metrics or drawdown history. In the absence of specific standard deviation bands or recent peak-to-trough decline percentages, it is impossible to determine if this valuation represents a structural inflection driven by fundamental shifts or a fragile equilibrium susceptible to sharp corrections. The single price figure alone does not reveal whether the asset has recently experienced significant stress events that might constrain upside potential or if it sits comfortably within an established range of normal fluctuation for its sector peers. Consequently, assessing the durability of any perceived momentum requires looking beyond this static value to understand how current pricing interacts with underlying volatility regimes and capital flow patterns. Without data on recent drawdowns or variance rates, one cannot definitively classify the market environment as stable or prone to erratic swings; similarly, there is insufficient information to judge if the $41.16 level acts as a robust support zone or a precarious resistance point that could trigger rapid reversals upon minor news catalysts. The technical picture remains incomplete regarding risk dynamics until supported by additional time-series data that illustrates how price behaves under varying market conditions and stress scenarios.
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 DFAI’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.
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.