IJS(IJS)
AI Look-Through Summary
AI GeneratedThe IJS ETF has a relatively balanced sector allocation, with no single sector dominating the portfolio. However, it does have a notable tilt towards smaller-cap and growth-oriented names, as evident from its low weighted P/E and P/B ratios of 21.5x and 2.23x respectively.
Concentration risk is moderate, with no single stock accounting for more than 1.1% of the portfolio. The top holdings are concentrated in technology and industrials, with a mix of growth and value names. The sector allocation is skewed slightly away from the broader market, which has a higher weighting to sectors like Finance and Consumer Staples. A strong economic environment with growing demand for technology and industrial products would likely be favorable for this portfolio, while a recession or slowdown in these areas could be less supportive.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-06-12 09:01:48.076622+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The thematic alignment between the ETF's implied small-cap value focus and its actual holdings reveals significant inconsistencies. While the name suggests a concentrated exposure to specific market segments, the top ten positions include entities from disparate industries such as Basic Materials, Healthcare, Communication Services, and Technology without clear unifying characteristics beyond their size or valuation metrics. Several top holders are listed with no assigned sector in the provided data, further obscuring any coherent narrative. The inclusion of widely recognized mega-cap names like MOH and MTCH within a fund designed for niche exposure suggests that these large institutions may be held to provide stability rather than to adhere strictly to a strict thematic mandate, potentially diluting the intended investment thesis.
Sector weights demonstrate low concentration across traditional industries, with Basic Materials accounting for only 1.9% of assets despite holding multiple positions in that category. The distribution is highly fragmented, featuring single-asset exposures in Healthcare and Communication Services alongside scattered technology holdings, which indicates a lack of deep specialization typical of pure-play thematic funds. With a top-ten concentration of merely 9.1%, the portfolio exhibits broad diversification rather than the focused risk profile associated with its stated strategy. This structure implies that while the fund may successfully capture small-cap value characteristics through stock selection criteria, it does so by maintaining an extremely wide net across unrelated sectors, making it functionally similar to a diversified small-cap index rather than a distinct thematic vehicle.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-21 21:49:56.19312+00
🏢 Sector Analysis
AI GeneratedThe sector allocation data for IJS indicates a deliberate and extreme avoidance of traditional growth drivers, with Technology representing merely 0.7% of the portfolio while Healthcare accounts for just 1.2%. This negligible exposure to high-growth sectors suggests an investment thesis fundamentally rooted in value preservation rather than capital appreciation through technological expansion or aggressive market penetration strategies. The near-total absence of Communication Services and Basic Materials further reinforces a strategy that likely targets specific, non-cyclical small-cap value stocks while systematically excluding industries typically associated with rapid scalability and innovation-led returns.
Concentration risk appears structurally embedded in the fund's design rather than resulting from poor diversification within sectors. With the top 10 holdings comprising only 9.1% of assets under management and individual positions capping around 1.2%, the portfolio exhibits a high degree of dispersion across its underlying basket. This low concentration metric implies that the fund manager prioritizes broad exposure to a wide array of small-cap names over establishing significant weightings in any single company, thereby mitigating idiosyncratic stock-specific volatility while accepting potential lower absolute returns from lack of mega-cap influence. The presence of holdings like MOH alongside others with unassigned sector tags highlights an eclectic selection process that may rely on fundamental value metrics rather than strict industry classification for inclusion decisions.
The overall factor tilt inferred from this allocation profile points strongly toward a small-cap value strategy, as the fund systematically underweights large-cap heavy sectors where technology and communication services dominate market capitalization. By maintaining such minimal exposure to these growth-oriented industries while holding a scattered mix of smaller entities across various unassigned or traditional categories, the ETF positions itself distinctively away from broad market beta driven by tech megacaps. This structure reveals an approach that accepts higher sensitivity to interest rate fluctuations and economic downturns affecting small businesses in exchange for avoiding overexposure to volatile growth sectors, effectively creating a portfolio optimized for value characteristics rather than momentum or innovation premiums.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-24 08:24:03.636936+00
ETF Look-Through Dashboard
Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 79% 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 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.
Earnings vs. Price Decomposition
ProprietaryIJS is up 39.2% over the last 12 months. The underlying weighted earnings growth of its constituents is -10.9%. The remaining +50.0% 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 10 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | XTSLA | BlackRock Cash Funds Treasury SL Agency | 1.09% | — | — |
| 2 | ENPH | Enphase Energy Inc Technology | 1.04% | 54.0x | 6/9 |
| 3 | MOH | Molina Healthcare Inc Healthcare | 1.04% | 53.7x | 4/9 |
| 4 | EMN | Eastman Chemical Co Basic Materials | 1.01% | 21.7x | 4/9 |
| 5 | MTCH | Match Group Inc Ordinary Shares - New Communication Services | 0.99% | 13.3x | 7/9 |
| 6 | JXN | Jackson Financial Inc | 0.85% | — | — |
| 7 | SM | SM Energy Co | 0.81% | 13.1x | 6/9 |
| 8 | LKQ | LKQ Corp | 0.81% | 12.5x | 4/9 |
| 9 | PAYC | Paycom Software Inc Technology | 0.79% | 15.6x | 4/9 |
| 10 | VSH | Vishay Intertechnology Inc | 0.75% | 3850.0x | — |
Historical Holdings Snapshots
Browse how IJS’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-06-19
10 holdings · 9.2% tracked weight2026-06-18
10 holdings · 9.2% tracked weight2026-06-17
10 holdings · 9.2% tracked weight2026-06-16
10 holdings · 9.2% tracked weight2026-06-15
10 holdings · 9.2% tracked weightSource: 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 IJS Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedIJS is currently trading at $128.32, a position that warrants examination against its surrounding moving average envelope to gauge potential mean-reversion dynamics. Without specific SMA values or the width of the channel provided in this isolated data point, it remains impossible to determine whether the current price represents an extreme deviation requiring a statistical pullback toward the centerline or if it sits comfortably within normal volatility bands. The absence of comparative trend lines prevents any definitive assertion regarding overbought or oversold conditions relative to recent historical averages. Consequently, while the absolute price level is noted, the technical context necessary to assess value relative to moving averages is incomplete. A robust analysis would require knowledge of whether $128.32 constitutes a breakout above resistance zones or a breakdown below support levels defined by short-term and long-term SMAs. Until those specific reference points are established, the trajectory implies an unknown probability distribution for future price action, leaving open the possibility that current valuations may be justified by existing trends rather than signaling an imminent reversal toward the mean.
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 IJS’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: 2026-06-18.
SecuritiesDB is for informational purposes only. Not investment advice.