IVE(IVE)
AI Look-Through Summary
AI GeneratedThe iShares MSCI EAFE ETF presents a distinct geographic and sector profile that diverges significantly from large-cap U.S. benchmarks, primarily due to its heavy weighting toward international developed markets despite the inclusion of specific mega-cap American firms in its top holdings list. While Apple and Amazon appear prominently among the largest constituents with combined weights exceeding eleven percent, their classification under Technology and Consumer Cyclical sectors respectively highlights a concentration within industries that typically dominate global innovation cycles rather than domestic consumer staples alone. The sector allocation reveals a pronounced tilt toward technology at 8.5%, followed by consumer cyclicals at 5.7% and defensive plays like Walmart and Costco contributing just under five percent combined, suggesting the fund's performance will be highly sensitive to macroeconomic shifts in these specific global industries rather than broad-based domestic consumption patterns.
Geographically, the underlying structure implies a focus on non-U.S. developed economies, as evidenced by significant energy exposure from Exxon Mobil and Chevron alongside financial services representation through Bank of America, which collectively anchor the portfolio's diversification across traditional value sectors. With an assets under management figure nearing $47 billion, this substantial scale provides liquidity advantages while maintaining a passive replication strategy that mirrors the MSCI EAFE index methodology. The quantitative metrics indicate a moderate level of concentration risk regarding individual sector performance, particularly technology, yet the spread into energy and financials offers some counterbalancing stability against pure tech volatility. Ultimately, the fund's composition reflects a strategic bet on international corporate earnings growth across diverse industrial bases rather than a narrow focus on any single domestic market or niche industry vertical.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-20 23:34:23.163294+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 15/100The investment theme implied by the ticker IVE, often associated with innovation or specific growth sectors in broader market contexts, shows a significant misalignment when compared to its actual composition. The portfolio is heavily anchored by mega-cap technology and consumer giants like Apple, Amazon, and Walmart, which collectively dominate the top holdings list despite representing only 8.5% of the total sector weight for Technology alone. This heavy reliance on broad-market leaders suggests that the fund may be utilizing large, stable names to anchor returns rather than maintaining a focused thematic exposure to smaller or mid-cap innovators typically expected under such labels. The inclusion of diverse sectors like Energy and Financial Services further dilutes any singular narrative, indicating a structure more akin to a diversified large-cap blend than a pure-play thematic vehicle.
Sector coherence is compromised by the presence of holdings that do not logically cluster around a unified innovation or specific industry arc. While Technology holds a notable position at 8.5%, the simultaneous weighting in Consumer Defensive and Energy sectors creates a fragmented profile that lacks the differentiation usually seen in specialized funds. The top-10 concentration of 23.8% reveals a high degree of reliance on just ten names, meaning the fund's performance is disproportionately tied to the volatility of these specific mega-caps rather than a diversified set of thematic beneficiaries. Consequently, the portfolio appears structurally similar to a broad large-cap index with slight tilts toward established leaders, failing to demonstrate the distinct risk-return characteristics or sector purity that investors typically seek from funds labeled by specific investment themes.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-21 10:30:41.318596+00
🏢 Sector Analysis
AI GeneratedThe sector allocation profile of IVE presents a distinctively concentrated exposure, with Technology and Consumer Cyclical sectors comprising the vast majority of its underlying holdings. Although these two sectors represent only 14.2% of the total reported breakdown provided, their dominance is amplified by the fund's heavy reliance on mega-cap equities within those categories, as evidenced by Apple accounting for 7.0% of the portfolio alone and Amazon adding another 4.3%. This structural weighting suggests an investment thesis heavily anchored in large-cap growth dynamics rather than broad diversification across industry groups. The minimal representation of other sectors, such as Financial Services at merely 1.2%, further indicates that the fund's strategy is not designed to capture value or income from traditional defensive industries but instead focuses intensely on specific market leaders within cyclical and tech-driven markets.
Concentration risk remains a defining characteristic of this allocation, underscored by the fact that the top ten holdings account for nearly 24% of total assets. This high degree of concentration implies significant volatility sensitivity to macroeconomic shifts or company-specific events affecting just a few major issuers like XOM and WMT. The presence of energy and consumer defensive names in the top five, while seemingly diversified on the surface, does little to mitigate risk given their relatively small weightings compared to the tech giants; they appear more as secondary components than core pillars of the strategy. Consequently, the fund exhibits a clear tilt toward large-cap factors with an emphasis on market leadership rather than sector rotation or style balancing.
Ultimately, this allocation pattern reveals a portfolio constructed around specific mega-cap exposures where performance will be disproportionately driven by the fortunes of its largest constituents. The lack of meaningful exposure to mid-caps, small-caps, or alternative sectors suggests that investors in this vehicle are effectively gaining leveraged access to dominant players rather than achieving true broad-market representation. Any assessment of suitability would depend on whether an investor seeks concentrated bets on established industry leaders or prefers a more evenly distributed approach across the entire economic landscape.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-23 12:43:49.234086+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share IVE's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 95% of IVE's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| VTIVanguard Total Stock Market Index Fund ETF Shares | $2.1T | 0.03% | 10 | 23.8% |
| ONEOONEO | $25M | — | 10 | 23.8% |
| ACWIiShares MSCI ACWI ETF | $28B | — | 10 | 23.8% |
| QUSQUS | $1B | — | 10 | 23.8% |
| SCHBSchwab U.S. Broad Market ETF | $37B | — | 10 | 23.8% |
24% of IVE's portfolio by weight is also held by VTI, which commands 45× more assets under management. When VTI receives inflows, it mechanically buys these shared stocks — dragging IVE's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofIVE'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 93% 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 24% 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 IVE collectively pay out 39% 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 15% 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
ProprietaryIVE is up 21.6% over the last 12 months. The underlying weighted earnings growth of its constituents is +14.7%. The remaining +6.9% 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 24% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of IVE's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of IVE's analyzed weight, 81% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 19% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 23% 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.
IVE has a Passive Crowding Score of 36/100. On average, 10.9% of the market capitalization of IVE'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 43 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 10 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc Technology | 6.98% | 37.7x | 8/9 |
| 2 | AMZN | Amazon.com Inc Consumer Cyclical | 4.26% | 31.7x | 6/9 |
| 3 | XOM | Exxon Mobil Corp Energy | 2.26% | 24.5x | 5/9 |
| 4 | WMT | Walmart Inc Consumer Defensive | 2.03% | 40.8x | 7/9 |
| 5 | COST | Costco Wholesale Corp Consumer Defensive | 1.58% | 49.8x | 6/9 |
| 6 | INTC | Intel Corp Technology | 1.55% | — | 6/9 |
| 7 | TSLA | Tesla Inc Consumer Cyclical | 1.43% | 399.8x | 5/9 |
| 8 | CVX | Chevron Corp Energy | 1.27% | 31.7x | 6/9 |
| 9 | BAC | Bank of America Corp Financial Services | 1.24% | 12.8x | 5/9 |
| 10 | PG | Procter & Gamble Co Consumer Defensive | 1.20% | 21.0x | 6/9 |
Historical Holdings Snapshots
Browse how IVE’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
10 holdings · 23.8% tracked weight2026-05-23
10 holdings · 23.8% tracked weight2026-05-22
10 holdings · 23.8% tracked weight2026-05-21
10 holdings · 23.8% tracked weight2026-05-20
10 holdings · 23.8% 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 IVE Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current price action for IVE at $228.03 presents a snapshot where institutional positioning remains ambiguous without corroborating volume data or longer-term moving average trends. In the absence of specific crossover signals between short and long-term SMAs, it is difficult to ascertain whether larger market participants are actively accumulating shares near this level or if they have recently distributed their holdings. The solitary price figure suggests that immediate momentum drivers are not clearly visible in isolation, leaving the directionality dependent on how subsequent trading sessions interact with key support zones below $228 and resistance levels above it. Volume analysis is critical here to distinguish between organic retail interest and coordinated institutional activity; however, without concurrent volume metrics or a defined trend slope, any interpretation of buyer versus seller pressure remains speculative at this single data point. If future price movements were to sustain momentum away from the $228 mark accompanied by expanding trade volumes, it could signal that sophisticated players are aligning behind a specific directional thesis. Conversely, stagnation in volume alongside flat price action might indicate a period where institutions are waiting for clearer macroeconomic or sector-specific catalysts before committing significant capital. Ultimately, this technical snapshot highlights the necessity of observing how price interacts with dynamic averages over time rather than relying on static levels alone. The $228.03 figure serves as an anchor point from which larger entities may be testing market liquidity or repositioning their portfolios in response to evolving valuation models for infrastructure and technology sectors. Readers should
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 IVE’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.