MGK(MGK)
AI Look-Through Summary
AI GeneratedThe portfolio's sector allocation is heavily skewed towards Technology, with nearly 60% of its holdings concentrated in this area, followed by Communication Services and Consumer Cyclical sectors. This suggests that the fund has a significant exposure to growth-oriented industries. Geographically, it's difficult to infer any specific regional bias from the provided data, but the top holdings list does indicate a US-centric focus, with all the major constituents being US-based companies.
The portfolio's valuation posture appears relatively rich, with a weighted P/E of 35.0x and a weighted P/B of 21.01x, which is above the market average. The concentration risk is elevated due to the top holdings list, where NVIDIA (NVDA) and Apple (AAPL) together account for over 26% of the fund's assets. This may make it vulnerable in a downturn if these stocks underperform. A favorable macro environment would be one with sustained growth in technology and communication services sectors, while an unfavorable scenario could be a recession or a sharp decline in tech stocks.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 07:56:40.66569+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 92/100The investment theme implied by the MGK ticker is a focus on large-cap growth equities, and the fund's composition aligns closely with this designation. The top holdings are dominated by mega-cap technology and communication services leaders such as NVIDIA, Apple, Microsoft, Google, Amazon, Meta, and Tesla, which collectively represent a significant portion of the portfolio. While there is some exposure to sectors like healthcare and financial services through companies like Eli Lilly and Visa, these positions appear secondary to the primary driver of growth-oriented large caps rather than indicating a deviation from the stated theme. The heavy weighting toward established market leaders suggests an intentional strategy to capture broad-based appreciation within the largest publicly traded entities that exhibit high growth potential, maintaining consistency with the fund's implied objective without relying on obscure or thematic outliers to justify its name.
Sector coherence is strong given the overwhelming concentration in technology at 55.6%, followed by communication services and consumer cyclicals, which together account for nearly half of all assets under management. This distribution highlights a genuine differentiation from a broad market index that would typically maintain more balanced exposure across defensive sectors like utilities or staples. The high top-ten concentration of 66.6% underscores the fund's reliance on its largest constituents to generate returns, creating a profile distinct from diversified broad-market benchmarks while staying true to the large-cap growth narrative. Although the inclusion of smaller allocations in industrials and real estate adds slight nuance, these weights are insufficient to dilute the core thematic focus on dominant growth stocks, resulting in a portfolio structure that effectively mirrors its intended investment style through both sector weighting and individual stock selection.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-21 23:53:26.841737+00
⚠️ Systemic Risk Synthesis
AI GeneratedThe newly disclosed risk factors from the top holdings of MGK highlight three distinct but interconnected macro-level threats: regulatory compliance regarding climate change, evolving data privacy standards, and emerging frameworks for artificial intelligence. These disclosures indicate that a significant portion of the fund's largest constituents are facing potential material adverse impacts or increased operational costs stemming not just from internal strategy shifts, but from external governmental mandates. Specifically, NVIDIA's detailed warnings on AI regulation and cybersecurity alongside environmental compliance suggest a broader trend where technology leaders anticipate stricter oversight in how they deploy advanced computing power, manage user data, and address their carbon footprints.
The concentration of these risks within the fund's portfolio is substantial due to the high weighting assigned to companies operating at the forefront of these specific technological domains. With NVIDIA alone representing 13.8% of assets under management and facing explicit risks across all three identified categories—environmental, cybersecurity, and AI regulation—the fund exhibits a notable exposure to regulatory uncertainty in the tech sector. This overlap means that adverse shifts in policy regarding climate goals or digital governance could simultaneously impact multiple top-tier holdings rather than isolating the risk within a single entity. The fact that such systemic issues are being formally flagged as material by several of the largest weights suggests a correlated downside scenario where macro-level regulatory actions could exert pressure on the fund's performance across its core technology exposure.
While NVIDIA stands out due to its weight and multi-faceted disclosure, other top holdings like Microsoft, Apple, Google, and Amazon inherently operate within similar regulatory environments regarding data privacy and AI usage, even if their specific 10-K filings for this period did not explicitly list these categories with the same granularity as NVIDIA. The presence of these risks in such a heavily weighted technology-heavy fund underscores that macro policy decisions could have an outsized effect on overall portfolio volatility, particularly if regulatory bodies accelerate enforcement or expand the scope of compliance requirements beyond current industry norms.
Synthesized from constituent 10-K risk factor disclosures. Not investment advice. Updated: 2026-05-23 13:23:43.634296+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of MGK reveals a pronounced focus on the technology and communication services industries, which collectively account for over 73% of total assets. This heavy weighting suggests an investment thesis centered squarely on digital infrastructure, software dominance, and internet-based revenue models rather than balanced exposure across the broader economy. The significant underrepresentation of defensive sectors like consumer staples (0.4%) and utilities highlights a deliberate avoidance of stability in favor of potential high-growth volatility associated with innovation-driven markets. Such a structure implies that the fund's performance will be highly correlated to macroeconomic conditions favorable for risk-taking, such as low interest rate environments or periods of rapid technological adoption, while potentially lacking a natural hedge during economic contractions where defensive sectors typically outperform.
Concentration risk is further amplified by an extreme top-10 holding concentration of 66.6%, driven largely by the massive weightings assigned to NVIDIA and Apple alone. With these two names comprising nearly 25% of the portfolio, the fund exhibits a distinct factor tilt toward large-cap growth and momentum characteristics rather than broad market diversification or value orientation. The reliance on just six technology-related entities for more than half the portfolio indicates that idiosyncratic risks specific to those companies—such as regulatory scrutiny, product cycle shifts, or executive leadership changes—are magnified significantly within this vehicle. Consequently, while the allocation seeks maximum exposure to the leading innovators in computing and digital media, it sacrifices sectoral breadth, meaning returns will be heavily dependent on the continued outperformance of a narrow set of mega-cap leaders rather than a wide array of industry participants.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-21 09:19:03.113914+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share MGK's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of MGK's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| VUGVanguard Growth Index Fund ETF Shares | $325B | — | 56 | 99.5% |
| VTIVanguard Total Stock Market Index Fund ETF Shares | $2.1T | 0.03% | 56 | 99.5% |
| VTVT | $80B | — | 56 | 99.5% |
| VONEVONE | $10B | — | 55 | 99.0% |
| SPYState Street SPDR S&P 500 ETF Trust | $640B | 0.09% | 54 | 98.7% |
100% of MGK's portfolio by weight is also held by VUG, which commands 12× more assets under management. When VUG receives inflows, it mechanically buys these shared stocks — dragging MGK's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofMGK'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.
Weighted metrics calculated based on 97% 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
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 MGK collectively pay out 22% 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 72% 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
ProprietaryMGK is down 75.9% over the last 12 months. The underlying weighted earnings growth of its constituents is +56.0%. Despite earnings growth, valuations have contracted by 131.9% — 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 98% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of MGK's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of MGK's analyzed weight, 72% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 28% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 95% of fund weight with available data. Not investment advice.
Concentration Risk Monitor
HIGHNVDA at 13.2% contributes an estimated 31% of portfolio variance.MGK holds 50 stocks but behaves like an 18-stock portfolio due to weight concentration in the top holdings.
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.
MGK has a Passive Crowding Score of 35/100. On average, 10.6% of the market capitalization of MGK'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 50 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 | 13.23% | 29.9x | 4/9 |
| 2 | AAPL | Apple Inc. Technology | 12.13% | 38.2x | 8/9 |
| 3 | MSFT | Microsoft Corp. Technology | 7.48% | 22.7x | 5/9 |
| 4 | GOOGL | Alphabet Inc. Class A Communication Services | 5.90% | 27.5x | 6/9 |
| 5 | GOOG | Alphabet Inc. Class C Communication Services | 4.65% | 27.3x | 6/9 |
| 6 | AMZN | Amazon.com Inc. Consumer Cyclical | 4.44% | 32.3x | 6/9 |
| 7 | AVGO | Broadcom Inc. Technology | 4.26% | 66.3x | 8/9 |
| 8 | META | Facebook Inc. Class A Communication Services | 4.06% | 23.1x | 5/9 |
| 9 | TSLA | Tesla Inc. Consumer Cyclical | 3.91% | 370.7x | 5/9 |
| 10 | LLY | Eli Lilly & Co. Healthcare | 3.39% | 43.3x | 7/9 |
| 11 | AMD | Advanced Micro Devices Inc. Technology | 3.18% | 177.0x | 7/9 |
| 12 | LRCX | Lam Research Corp. Technology | 1.91% | 66.7x | 7/9 |
| 13 | V | Visa Inc. Class A Financial Services | 1.81% | 30.1x | 6/9 |
| 14 | KLAC | KLA Corp. Technology | 1.47% | 64.9x | 8/9 |
| 15 | MA | Mastercard Inc. Class A Financial Services | 1.46% | 30.1x | 8/9 |
Historical Holdings Snapshots
Browse how MGK’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-07-16
15 holdings · 73.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 13.23% | 22,081,589 | $4.4B |
| 2 | AAPL | 12.13% | 14,001,340 | $4.1B |
| 3 | MSFT | 7.48% | 6,699,116 | $2.5B |
| 4 | GOOGL | 5.90% | 5,513,364 | $2.0B |
| 5 | GOOG | 4.65% | 4,393,746 | $1.6B |
| 6 | AMZN | 4.44% | 6,230,611 | $1.5B |
| 7 | AVGO | 4.26% | 3,766,293 | $1.4B |
| 8 | META | 4.06% | 2,410,480 | $1.4B |
| 9 | TSLA | 3.91% | 3,108,185 | $1.3B |
| 10 | LLY | 3.39% | 943,950 | $1.1B |
| 11 | AMD | 3.18% | 1,829,775 | $1.1B |
| 12 | LRCX | 1.91% | 1,476,367 | $639.8M |
| 13 | V | 1.81% | 1,766,941 | $606.2M |
| 14 | KLAC | 1.47% | 1,628,876 | $491.4M |
| 15 | MA | 1.46% | 952,942 | $489.4M |
2026-07-15
15 holdings · 74.9% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 13.40% | 22,216,232 | $4.7B |
| 2 | AAPL | 12.47% | 13,992,065 | $4.4B |
| 3 | MSFT | 8.83% | 6,863,755 | $3.1B |
| 4 | GOOGL | 5.87% | 5,403,308 | $2.1B |
| 5 | AVGO | 5.12% | 4,010,083 | $1.8B |
| 6 | AMZN | 4.80% | 6,215,742 | $1.7B |
| 7 | GOOG | 4.61% | 4,289,880 | $1.6B |
| 8 | TSLA | 3.95% | 3,170,743 | $1.4B |
| 9 | META | 3.71% | 2,055,109 | $1.3B |
| 10 | LLY | 3.07% | 972,081 | $1.1B |
| 11 | AMD | 3.05% | 2,070,614 | $1.1B |
| 12 | V | 1.71% | 1,836,839 | $599.5M |
| 13 | LRCX | 1.50% | 1,650,796 | $525.3M |
| 14 | ORCL | 1.45% | 2,254,627 | $509.0M |
| 15 | MA | 1.37% | 972,689 | $480.5M |
2026-07-14
15 holdings · 74.9% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 13.40% | 22,216,232 | $4.7B |
| 2 | AAPL | 12.47% | 13,992,065 | $4.4B |
| 3 | MSFT | 8.83% | 6,863,755 | $3.1B |
| 4 | GOOGL | 5.87% | 5,403,308 | $2.1B |
| 5 | AVGO | 5.12% | 4,010,083 | $1.8B |
| 6 | AMZN | 4.80% | 6,215,742 | $1.7B |
| 7 | GOOG | 4.61% | 4,289,880 | $1.6B |
| 8 | TSLA | 3.95% | 3,170,743 | $1.4B |
| 9 | META | 3.71% | 2,055,109 | $1.3B |
| 10 | LLY | 3.07% | 972,081 | $1.1B |
| 11 | AMD | 3.05% | 2,070,614 | $1.1B |
| 12 | V | 1.71% | 1,836,839 | $599.5M |
| 13 | LRCX | 1.50% | 1,650,796 | $525.3M |
| 14 | ORCL | 1.45% | 2,254,627 | $509.0M |
| 15 | MA | 1.37% | 972,689 | $480.5M |
2026-07-13
15 holdings · 74.9% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 13.40% | 22,216,232 | $4.7B |
| 2 | AAPL | 12.47% | 13,992,065 | $4.4B |
| 3 | MSFT | 8.83% | 6,863,755 | $3.1B |
| 4 | GOOGL | 5.87% | 5,403,308 | $2.1B |
| 5 | AVGO | 5.12% | 4,010,083 | $1.8B |
| 6 | AMZN | 4.80% | 6,215,742 | $1.7B |
| 7 | GOOG | 4.61% | 4,289,880 | $1.6B |
| 8 | TSLA | 3.95% | 3,170,743 | $1.4B |
| 9 | META | 3.71% | 2,055,109 | $1.3B |
| 10 | LLY | 3.07% | 972,081 | $1.1B |
| 11 | AMD | 3.05% | 2,070,614 | $1.1B |
| 12 | V | 1.71% | 1,836,839 | $599.5M |
| 13 | LRCX | 1.50% | 1,650,796 | $525.3M |
| 14 | ORCL | 1.45% | 2,254,627 | $509.0M |
| 15 | MA | 1.37% | 972,689 | $480.5M |
2026-07-12
15 holdings · 74.9% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 13.40% | 22,216,232 | $4.7B |
| 2 | AAPL | 12.47% | 13,992,065 | $4.4B |
| 3 | MSFT | 8.83% | 6,863,755 | $3.1B |
| 4 | GOOGL | 5.87% | 5,403,308 | $2.1B |
| 5 | AVGO | 5.12% | 4,010,083 | $1.8B |
| 6 | AMZN | 4.80% | 6,215,742 | $1.7B |
| 7 | GOOG | 4.61% | 4,289,880 | $1.6B |
| 8 | TSLA | 3.95% | 3,170,743 | $1.4B |
| 9 | META | 3.71% | 2,055,109 | $1.3B |
| 10 | LLY | 3.07% | 972,081 | $1.1B |
| 11 | AMD | 3.05% | 2,070,614 | $1.1B |
| 12 | V | 1.71% | 1,836,839 | $599.5M |
| 13 | LRCX | 1.50% | 1,650,796 | $525.3M |
| 14 | ORCL | 1.45% | 2,254,627 | $509.0M |
| 15 | MA | 1.37% | 972,689 | $480.5M |
2026-07-11
15 holdings · 74.9% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | NVDA | 13.40% | 22,216,232 | $4.7B |
| 2 | AAPL | 12.47% | 13,992,065 | $4.4B |
| 3 | MSFT | 8.83% | 6,863,755 | $3.1B |
| 4 | GOOGL | 5.87% | 5,403,308 | $2.1B |
| 5 | AVGO | 5.12% | 4,010,083 | $1.8B |
| 6 | AMZN | 4.80% | 6,215,742 | $1.7B |
| 7 | GOOG | 4.61% | 4,289,880 | $1.6B |
| 8 | TSLA | 3.95% | 3,170,743 | $1.4B |
| 9 | META | 3.71% | 2,055,109 | $1.3B |
| 10 | LLY | 3.07% | 972,081 | $1.1B |
| 11 | AMD | 3.05% | 2,070,614 | $1.1B |
| 12 | V | 1.71% | 1,836,839 | $599.5M |
| 13 | LRCX | 1.50% | 1,650,796 | $525.3M |
| 14 | ORCL | 1.45% | 2,254,627 | $509.0M |
| 15 | MA | 1.37% | 972,689 | $480.5M |
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 MGK Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current trading price of $387.61 establishes a specific market level for MGK, yet the provided dataset lacks essential comparative metrics required to assess momentum or trend direction with precision. Without knowledge of where this price sits relative to key moving averages such as the 50-day or 200-day lines, it is impossible to determine if the asset is in an uptrend, downtrend, or consolidation phase based on standard technical frameworks. Similarly, while Relative Strength Index values are often used to gauge short-term momentum and potential overbought or oversold conditions, no RSI data was included in the input. Consequently, any assertion regarding whether buyers or sellers currently hold a distinct advantage remains speculative without these critical reference points. In the absence of specific moving average crossovers or oscillator readings, the technical picture for MGK appears incomplete for a definitive momentum analysis. Traders relying solely on price action at $387.61 cannot confirm if recent gains are sustainable or if corrective movements may follow, as context regarding historical volatility and trend alignment is missing. A comprehensive evaluation would typically require observing whether the current level represents support above long-term averages or resistance below them, neither of which can be verified here. Until additional data points clarifying the relationship between price and its moving averages become available, the short-term trajectory remains undefined from a pure technical standpoint, leaving market participants without clear signals on directional bias.
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 MGK’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.
Positions Increased (20)
Positions Decreased (36)
Explore More
Quant metrics computed deterministically from financial statements and price data. Updated: 2026-07-15.
SecuritiesDB is for informational purposes only. Not investment advice.