IYF(IYF)
AI Look-Through Summary
AI GeneratedThe portfolio's sector allocation reveals a significant concentration in Financial Services, accounting for nearly 40% of its holdings, with the remaining portion comprised of various other sectors. This tilt towards financial institutions is accompanied by a relatively modest geographic exposure, as the top holdings are primarily US-based companies.
A notable aspect of this portfolio is its high level of concentration risk, with the top two holdings - Berkshire Hathaway's B shares and JPMorgan Chase - combined accounting for nearly 23% of the fund's assets. The sector mix diverges from that of the broader market, which may present opportunities or challenges depending on macroeconomic conditions. A favorable environment would likely be one characterized by stable financial markets and a strong US economy, while an unfavorable scenario might arise during periods of economic uncertainty or significant bank stress.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 09:20:56.1788+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 15/100The investment theme implied by the ticker IYF, which typically denotes a focus on financial services or banking, is only partially reflected in the actual portfolio composition. While the top ten holdings are exclusively within the Financial Services sector, representing nearly 38% of the total assets under management, there is no evidence provided to confirm that this specific fund targets a narrow niche such as regional banks or fintech innovation. The heavy weighting toward BRK-B and JPM suggests the portfolio relies heavily on mega-cap financial institutions rather than maintaining a diversified exposure across smaller entities often associated with broader thematic plays within the industry.
Concentration risk is elevated given that the top ten positions account for 48.8% of the fund, indicating a significant reliance on just a handful of large issuers. This structure creates a profile where performance will be disproportionately driven by the fortunes of these specific giants rather than the broader financial sector or any distinct thematic factor. The high correlation between this portfolio and major market indices like the S&P 500 is evident through its composition, which raises questions about whether the fund offers genuine differentiation from standard broad-market benchmarks. Consequently, while the holdings align with the general industry label suggested by the name, the lack of sector diversification beyond financial services and the dominance of systemically important banks suggest a strategy that mirrors large-cap value indices more than it pursues a unique thematic objective.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-21 02:36:27.544182+00
🏢 Sector Analysis
AI GeneratedThe IYF ETF exhibits a pronounced sector concentration, with Financial Services comprising nearly 38% of its portfolio. This heavy weighting is further amplified by the fund's top five holdings, which are entirely derived from this single industry and collectively account for over half of the total assets under management. Such an allocation structure indicates that the investment thesis relies heavily on the performance dynamics specific to banking, insurance, and financial intermediaries rather than a diversified exposure across multiple economic sectors. The dominance of these equities suggests the fund is positioned to capture returns primarily through cyclical drivers like interest rate environments and credit spreads that disproportionately impact large-cap financial institutions.
Concentration risk is notably elevated within this vehicle, as evidenced by the top ten holdings representing nearly 49% of the portfolio's value. With Berkshire Hathaway alone accounting for over 10%, the fund lacks a broad base of smaller or mid-sized companies to mitigate idiosyncratic volatility associated with any single issuer. This lack of diversification implies that adverse events affecting major financial players, such as regulatory shifts or economic recessions impacting loan demand, could result in significant portfolio fluctuations independent of broader market movements. The heavy reliance on a few large-cap names means the fund's beta is likely driven almost exclusively by the systemic risks and opportunities inherent to the financial services industry, potentially limiting its ability to hedge against sector-specific downturns while amplifying gains during periods of robust banking profitability.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-23 19:43:45.630955+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share IYF's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of IYF's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| IWDiShares Russell 1000 Value ETF | $70B | — | 9 | 37.6% |
| ITOTiShares Core S&P Total U.S. Stock Market ETF | $80B | — | 9 | 37.6% |
| ACWIiShares MSCI ACWI ETF | $28B | — | 9 | 37.6% |
| IVViShares Core S&P 500 ETF | $762B | 0.03% | 9 | 37.6% |
| MGVMGV | $11B | — | 9 | 37.6% |
38% of IYF's portfolio by weight is also held by IWD, which commands 21× more assets under management. When IWD receives inflows, it mechanically buys these shared stocks — dragging IYF's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofIYF'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
Peer 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
Caution: 29% of fund weight scores below 4 — indicating weak profitability or deteriorating fundamentals.
Piotroski F-Score (Operational Health)
Score 0-9: Measures Profitability, Leverage, and Efficiency
Based on 49% 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.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside IYF collectively pay out 47% 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
ProprietaryIYF is up 10.4% over the last 12 months. The underlying weighted earnings growth of its constituents is +3.1%. The remaining +7.3% 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 49% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of IYF's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of IYF's analyzed weight, 13% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 87% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 16% of fund weight with available data. Not investment advice.
Concentration Risk Monitor
ELEVATEDIYF's top holding BRK-B at 11.7% is above the 8% elevated-concentration threshold. The effective number of stocks is 28 vs. the actual count of 10.
Effective # of Stocks = 1 / HHI (Herfindahl-Hirschman Index). Variance share approximated as w² / Σw². 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.
IYF has a Passive Crowding Score of 26/100. On average, 7.9% of the market capitalization of IYF's underlying holdings is structurally locked in passive ETF vehicles. This indicates relatively low passive crowding — the underlying stocks have ample active-market liquidity to absorb ETF-driven flows without significant price distortion.
Passive $ = Σ(ETF AUM × holding weight) across all 3 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 | BRK-B | Berkshire Hathaway Inc Class B | 11.72% | 14.7x | 4/9 |
| 2 | JPM | JPMorgan Chase & Co Financial Services | 11.03% | 14.7x | 3/9 |
| 3 | BAC | Bank of America Corp Financial Services | 4.59% | 14.2x | 5/9 |
| 4 | GS | The Goldman Sachs Group Inc Financial Services | 3.90% | 16.9x | 3/9 |
| 5 | WFC | Wells Fargo & Co Financial Services | 3.86% | 12.8x | 3/9 |
| 6 | C | Citigroup Inc Financial Services | 3.75% | 14.2x | 2/9 |
| 7 | MS | Morgan Stanley Financial Services | 3.61% | 17.6x | 3/9 |
| 8 | SCHW | Charles Schwab Corp Financial Services | 2.42% | 20.4x | 7/9 |
| 9 | BLK | BlackRock Inc Financial Services | 2.36% | 26.0x | 3/9 |
| 10 | PGR | Progressive Corp Financial Services | 2.05% | 10.3x | 5/9 |
Historical Holdings Snapshots
Browse how IYF’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-07-19
10 holdings · 49.3% tracked weight2026-07-18
10 holdings · 49.3% tracked weight2026-07-17
10 holdings · 49.3% tracked weight2026-07-16
10 holdings · 49.3% tracked weight2026-07-15
10 holdings · 49.3% 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 IYF Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current trading price of $123.79 for IYF sits within a context where the immediate technical picture is limited by insufficient data regarding trend direction, support resistance levels, or momentum oscillators. Without visible drawdown metrics or volatility readings in the provided dataset, it remains impossible to determine if any existing upward movement possesses structural integrity or merely reflects transient market noise. The absence of historical price action details prevents an assessment of whether recent gains are supported by sustained volume or fragile short-term speculation. In this information vacuum, risk dynamics cannot be quantified relative to fundamental backdrops such as interest rate sensitivity or sector rotation pressures that typically influence financial services ETFs like IYF. A technical setup summary requires comparative data against moving averages and standard deviation bands to distinguish between a robust trend and a potential reversal point. Consequently, while the price level is established at $123.79, the underlying resilience of this position relative to broader market volatility remains undefined without additional time-series analysis or volume confirmation. Ultimately, the lack of granular technical indicators means that any interpretation of momentum strength would be purely speculative rather than evidence-based. Market participants must await further data points regarding price ranges and indicator crossovers before forming a coherent view on whether current valuations represent an inflection point or a continuation phase. The existing snapshot offers only a static coordinate without the necessary velocity vectors to assess future trajectory or potential downside exposure.
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 IYF’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: 2026-07-17.
SecuritiesDB is for informational purposes only. Not investment advice.