VFVA(VFVA)
AI Look-Through Summary
AI GeneratedThe fund's sector allocation is somewhat diversified, with no single sector dominating the portfolio. However, it does exhibit a notable tilt towards traditional industries such as Healthcare and Financial Services, which collectively account for over 25% of the fund's holdings. This contrasts with the broader market, where Technology and Consumer Cyclical sectors tend to have more significant weightings.
The top holdings reveal a mix of large-cap companies from various sectors, including Energy (EOG), Industrials (T, FDX), Healthcare (BMY, CVS), and Technology (CMCSA). The presence of these large-cap names contributes to the fund's relatively high valuation multiples, as reflected in its weighted P/E ratio of 14.5x and weighted P/B ratio of 1.94x. A macro environment with stable economic growth and interest rates may be favorable for this portfolio, but it could struggle during times of heightened volatility or sector-specific downturns.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-06-20 09:50:32.593981+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The investment theme implied by the ticker VFVA suggests a focus on value or specific factors, yet the actual holdings display a broad market composition that lacks distinct thematic cohesion. The top ten positions span disparate sectors including healthcare, communication services, technology, and consumer cyclicals without clustering around a singular industry vertical or strategic concept often associated with such naming conventions. Notably, significant weight is placed in mega-cap financial institutions like TFC and USB alongside diversified giants such as General Motors and Verizon, which indicates the fund may be utilizing large, stable names to anchor performance rather than adhering strictly to a narrow value definition. This approach results in a portfolio that mirrors the breadth of the broader equity market more closely than it reflects a concentrated thematic strategy.
Sector allocation further underscores the lack of differentiation from a broad-market index, with financial services comprising over thirteen percent and healthcare near twelve percent, weights typical of large-cap blends rather than specialized themes. The distribution across ten major sectors demonstrates low concentration risk in terms of single-industry exposure but simultaneously dilutes any potential factor purity intended by the fund's designation. With top-ten holdings representing only nine point one percent of assets, the portfolio relies on a wide dispersion of securities to generate returns, which is characteristic of passive broad-market tracking rather than an active or thematic value strategy seeking specific inefficiencies within defined industries. Consequently, while the fund offers stability through diversification and exposure to established leaders across multiple economic drivers, it does not exhibit strong alignment with a focused investment thesis based on its name alone.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-19 21:51:12.772117+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of VFVA presents a distinctively top-heavy profile dominated by Financial Services at 13.3% and Healthcare at 11.6%, collectively accounting for nearly one-quarter of the portfolio's weight. This heavy emphasis on these two sectors suggests an investment thesis that prioritizes established, large-cap institutions often associated with defensive characteristics or steady dividend yields rather than aggressive growth exposure. The relatively modest representation of Technology at 7.5% and Communication Services combined at roughly 8.2% further reinforces a strategy focused on stability over high-volatility upside potential, as the fund holds significantly fewer positions in these sectors compared to its peers which might target broader market beta or specific innovation themes.
Concentration risk appears elevated due to the top-10 holdings representing 9.1% of assets under management, with four of those five largest positions individually contributing exactly 1.0%. This clustering indicates that a small number of mega-cap stocks exert disproportionate influence on the fund's overall performance and volatility profile. The presence of major communication services providers like T and VZ alongside healthcare giants such as BMY highlights a reliance on specific industry leaders rather than broad diversification within those sectors. While Energy, Consumer Cyclical, and Industrials provide some cross-sector balance, their single-digit percentages suggest they play secondary roles in the fund's construction.
Factor tilts implied by this structure likely favor value, low volatility, and quality factors over momentum or small-cap growth strategies. The dominance of financials and healthcare often correlates with companies possessing strong balance sheets and consistent cash flows, which may align with a mandate to capture income generation while mitigating downside risk during market downturns. However, the limited exposure to emerging sectors like Real Estate, which constitutes merely 0.3%, indicates an intentional avoidance of certain cyclical or speculative asset classes. Ultimately, this allocation reflects a conservative approach that seeks capital preservation through established giants but inherently limits participation in rapid growth trajectories found in more dynamic segments of the market.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-22 20:32:25.851709+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share VFVA's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of VFVA's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| SPTMSPTM | $12B | — | 379 | 79.2% |
| ONEOONEO | $25M | — | 241 | 60.3% |
| VYMVanguard High Dividend Yield Index Fund ETF Shares | $90B | — | 185 | 47.1% |
| VONVVONV | $18B | — | 146 | 43.7% |
| SPLGSPLG | $97B | — | 139 | 42.9% |
79% of VFVA's portfolio by weight is also held by SPTM, which commands 16× more assets under management. When SPTM receives inflows, it mechanically buys these shared stocks — dragging VFVA's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofVFVA'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 70% 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 62% 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 VFVA collectively pay out 51% of their Free Cash Flow to maintain the current yield. This is a sustainable payout level with moderate room for dividend growth. Based on 36% 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
ProprietaryVFVA is up 26.5% over the last 12 months. The underlying weighted earnings growth of its constituents is +3.9%. The remaining +22.7% 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 60% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of VFVA's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of VFVA's analyzed weight, 43% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 57% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 44% 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.
VFVA has a Passive Crowding Score of 41/100. On average, 12.4% of the market capitalization of VFVA'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 36 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 | EOG | EOG Resources Inc. Energy | 1.04% | 12.8x | 3/9 |
| 2 | T | AT&T Inc. Communication Services | 0.99% | 7.2x | 6/9 |
| 3 | BMY | Bristol-Myers Squibb Co. Healthcare | 0.98% | 15.1x | 9/9 |
| 4 | VZ | Verizon Communications Inc. Communication Services | 0.97% | 11.1x | 5/9 |
| 5 | CMCSA | Comcast Corp. Class A Communication Services | 0.95% | 4.4x | 8/9 |
| 6 | CI | Cigna Corp. Healthcare | 0.89% | 11.2x | 6/9 |
| 7 | CRM | salesforce.com Inc. Technology | 0.84% | 17.6x | 6/9 |
| 8 | GM | General Motors Co. Consumer Cyclical | 0.83% | 28.9x | 5/9 |
| 9 | CVS | CVS Health Corp. Healthcare | 0.82% | 43.1x | 6/9 |
| 10 | FDX | FedEx Corp. Industrials | 0.78% | 17.4x | 5/9 |
| 11 | MO | Altria Group Inc. Consumer Defensive | 0.75% | 14.4x | 6/9 |
| 12 | PFE | Pfizer Inc. Healthcare | 0.74% | 19.2x | 5/9 |
| 13 | MRK | Merck & Co. Inc. Healthcare | 0.72% | 32.1x | 4/9 |
| 14 | TFC | Truist Financial Corp. Financial Services | 0.70% | 12.0x | 6/9 |
| 15 | USB | US Bancorp Financial Services | 0.70% | 12.2x | 6/9 |
Historical Holdings Snapshots
Browse how VFVA’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-06-24
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | EOG | 1.04% | 54,803 | $7.9M |
| 2 | T | 0.99% | 258,282 | $7.5M |
| 3 | BMY | 0.98% | 122,977 | $7.5M |
| 4 | VZ | 0.97% | 146,611 | $7.4M |
| 5 | CMCSA | 0.95% | 250,286 | $7.2M |
| 6 | CI | 0.89% | 25,237 | $6.7M |
| 7 | CRM | 0.84% | 34,310 | $6.4M |
| 8 | GM | 0.83% | 84,971 | $6.3M |
| 9 | CVS | 0.82% | 86,118 | $6.2M |
| 10 | FDX | 0.78% | 16,513 | $5.9M |
| 11 | MO | 0.75% | 85,899 | $5.7M |
| 12 | PFE | 0.74% | 200,988 | $5.6M |
| 13 | MRK | 0.72% | 45,442 | $5.5M |
| 14 | USB | 0.70% | 102,592 | $5.3M |
| 15 | TFC | 0.70% | 115,661 | $5.3M |
2026-06-23
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | EOG | 1.04% | 54,803 | $7.9M |
| 2 | T | 0.99% | 258,282 | $7.5M |
| 3 | BMY | 0.98% | 122,977 | $7.5M |
| 4 | VZ | 0.97% | 146,611 | $7.4M |
| 5 | CMCSA | 0.95% | 250,286 | $7.2M |
| 6 | CI | 0.89% | 25,237 | $6.7M |
| 7 | CRM | 0.84% | 34,310 | $6.4M |
| 8 | GM | 0.83% | 84,971 | $6.3M |
| 9 | CVS | 0.82% | 86,118 | $6.2M |
| 10 | FDX | 0.78% | 16,513 | $5.9M |
| 11 | MO | 0.75% | 85,899 | $5.7M |
| 12 | PFE | 0.74% | 200,988 | $5.6M |
| 13 | MRK | 0.72% | 45,442 | $5.5M |
| 14 | USB | 0.70% | 102,592 | $5.3M |
| 15 | TFC | 0.70% | 115,661 | $5.3M |
2026-06-22
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | EOG | 1.04% | 54,803 | $7.9M |
| 2 | T | 0.99% | 258,282 | $7.5M |
| 3 | BMY | 0.98% | 122,977 | $7.5M |
| 4 | VZ | 0.97% | 146,611 | $7.4M |
| 5 | CMCSA | 0.95% | 250,286 | $7.2M |
| 6 | CI | 0.89% | 25,237 | $6.7M |
| 7 | CRM | 0.84% | 34,310 | $6.4M |
| 8 | GM | 0.83% | 84,971 | $6.3M |
| 9 | CVS | 0.82% | 86,118 | $6.2M |
| 10 | FDX | 0.78% | 16,513 | $5.9M |
| 11 | MO | 0.75% | 85,899 | $5.7M |
| 12 | PFE | 0.74% | 200,988 | $5.6M |
| 13 | MRK | 0.72% | 45,442 | $5.5M |
| 14 | TFC | 0.70% | 115,661 | $5.3M |
| 15 | USB | 0.70% | 102,592 | $5.3M |
2026-06-21
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | EOG | 1.04% | 54,803 | $7.9M |
| 2 | T | 0.99% | 258,282 | $7.5M |
| 3 | BMY | 0.98% | 122,977 | $7.5M |
| 4 | VZ | 0.97% | 146,611 | $7.4M |
| 5 | CMCSA | 0.95% | 250,286 | $7.2M |
| 6 | CI | 0.89% | 25,237 | $6.7M |
| 7 | CRM | 0.84% | 34,310 | $6.4M |
| 8 | GM | 0.83% | 84,971 | $6.3M |
| 9 | CVS | 0.82% | 86,118 | $6.2M |
| 10 | FDX | 0.78% | 16,513 | $5.9M |
| 11 | MO | 0.75% | 85,899 | $5.7M |
| 12 | PFE | 0.74% | 200,988 | $5.6M |
| 13 | MRK | 0.72% | 45,442 | $5.5M |
| 14 | TFC | 0.70% | 115,661 | $5.3M |
| 15 | USB | 0.70% | 102,592 | $5.3M |
2026-06-20
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | EOG | 1.04% | 54,803 | $7.9M |
| 2 | T | 0.99% | 258,282 | $7.5M |
| 3 | BMY | 0.98% | 122,977 | $7.5M |
| 4 | VZ | 0.97% | 146,611 | $7.4M |
| 5 | CMCSA | 0.95% | 250,286 | $7.2M |
| 6 | CI | 0.89% | 25,237 | $6.7M |
| 7 | CRM | 0.84% | 34,310 | $6.4M |
| 8 | GM | 0.83% | 84,971 | $6.3M |
| 9 | CVS | 0.82% | 86,118 | $6.2M |
| 10 | FDX | 0.78% | 16,513 | $5.9M |
| 11 | MO | 0.75% | 85,899 | $5.7M |
| 12 | PFE | 0.74% | 200,988 | $5.6M |
| 13 | MRK | 0.72% | 45,442 | $5.5M |
| 14 | USB | 0.70% | 102,592 | $5.3M |
| 15 | TFC | 0.70% | 115,661 | $5.3M |
2026-06-19
15 holdings · 12.7% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | EOG | 1.04% | 54,803 | $7.9M |
| 2 | T | 0.99% | 258,282 | $7.5M |
| 3 | BMY | 0.98% | 122,977 | $7.5M |
| 4 | VZ | 0.97% | 146,611 | $7.4M |
| 5 | CMCSA | 0.95% | 250,286 | $7.2M |
| 6 | CI | 0.89% | 25,237 | $6.7M |
| 7 | CRM | 0.84% | 34,310 | $6.4M |
| 8 | GM | 0.83% | 84,971 | $6.3M |
| 9 | CVS | 0.82% | 86,118 | $6.2M |
| 10 | FDX | 0.78% | 16,513 | $5.9M |
| 11 | MO | 0.75% | 85,899 | $5.7M |
| 12 | PFE | 0.74% | 200,988 | $5.6M |
| 13 | MRK | 0.72% | 45,442 | $5.5M |
| 14 | USB | 0.70% | 102,592 | $5.3M |
| 15 | TFC | 0.70% | 115,661 | $5.3M |
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 VFVA Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
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 VFVA’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: 2026-06-23.
SecuritiesDB is for informational purposes only. Not investment advice.