ETF · Broad Market

CWB(CWB)

$101.49
-0.05%
Expense Ratio
$4.5B
Total AUM
Holdings
Inception
Active Share vs VOO
Moderate
0%20%60%100%
51.3%

AI Look-Through Summary

AI Generated

The portfolio's sector allocation is somewhat opaque, with only 3.6% attributed to the "Other" category, which may indicate a lack of clear sector exposure or a significant presence of non-traditional sectors such as real estate or financials. The top holding accounts for approximately 3.6% of the fund, suggesting that while it is a material position, the portfolio's overall concentration risk appears manageable.

The dominance of a single stock in the portfolio may present some idiosyncratic risk, but the sector allocation does not appear to be heavily skewed towards any particular sector compared to the broader market. The lack of transparency around the "Other" category makes it difficult to assess the fund's true sector exposure and valuation posture. A favorable macro environment for this portfolio would likely depend on the specific characteristics of its underlying holdings, but a decline in the fortunes of its top holding could present challenges.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 09:10:38.860296+00

🔍 Theme Alignment Audit

AI GeneratedPurity: 85/100

The investment theme implied by the ticker CWB, which typically denotes a focus on Chinese small-to-mid-cap equities or specific regional growth sectors, appears to have limited visibility in the provided data due to the unidentifiable nature of the top holding and its lack of sector classification. The single listed position accounts for only 3.6% of assets under management, suggesting that no individual stock dominates the portfolio to skew thematic purity. However, the absence of identifiable holdings makes it impossible to verify if the fund is genuinely capturing small-cap exposure or merely utilizing broad market names to stabilize returns without maintaining a distinct thematic focus.

Regarding concentration risk and sector coherence, the extremely low top-ten concentration metric indicates that the fund avoids significant reliance on any single equity or narrow group of stocks, which theoretically supports diversification goals often associated with thematic strategies. Yet, this dispersion creates ambiguity regarding whether the portfolio is truly differentiated from a broad market index rather than simply representing a highly diversified basket where sector weights are diluted to near-uniformity. Without clear data confirming that the underlying assets align strictly with the intended regional or size-based theme, the fund's ability to deliver specific thematic exposure remains uncertain despite its apparent lack of concentration risk in individual names.

AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-24 14:09:41.657966+00

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

0100020003000400013
Well Diversified
Top 5: 3.6%Top 10: 3.6%

Morningstar-Style Box

Value
Blend
Growth
Large
Mid
Small
Small Value

Under the Hood — Top 1 Constituents

Top 10 Concentration3.6%
#TickerCompanyWeightP/EF-Score
1924QSGII3
SSI US GOV MONEY MARKET CLASS
3.63%

Historical Holdings Snapshots

Browse how CWB’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.

2026-07-19

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.63%22,963,589

2026-07-18

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.63%22,963,589

2026-07-17

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.63%25,073,351

2026-07-16

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.61%19,882,552

2026-07-15

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.57%22,882,552

2026-07-14

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.58%22,519,252

Source: SEC filings and fund provider disclosures. Shows last 6 snapshot dates, top 15 holdings per date by weight.

Risk Profile

13.3%
Annual Volatility
0.99
Sharpe (1Y)
0.78
Sharpe (3Y)
-11.9%
Max Drawdown (3Y)
-28.4%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Computed from 1,200+ trading days with 5% risk-free rate.

Price Chart with Moving Averages

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Technical Setup

AI Generated

CWB is currently trading at $102.86, presenting a specific snapshot of its price action relative to the broader market context provided by simple moving average envelopes. Without access to the precise upper and lower boundary values for these dynamic bands in this isolated data set, it is impossible to definitively categorize whether the current level represents an extreme deviation or a consolidation zone within the mean-reversion framework. The absence of explicit envelope parameters prevents a conclusive determination on whether the asset has stretched significantly above its historical average, potentially signaling an overbought condition ripe for correction toward the centerline, or if it remains comfortably nested within normal fluctuation ranges suggesting continued momentum. In relative-value terms, this single data point highlights the necessity of comparing current pricing against calculated statistical averages to gauge positioning accuracy. If the price were trading near the outer edges of a typical standard deviation band, one might infer heightened volatility and a statistical probability that future prices will revert toward the mean; conversely, if the level sits centrally within the envelope structure, it implies stability but offers fewer immediate signals for directional reversals based solely on mean-reversion logic. The current figure alone does not confirm which scenario applies without knowing the specific placement of the moving average boundaries at this moment in time. Ultimately, observing $102.86 as an isolated metric requires further contextual data regarding the surrounding technical structure to assess the likelihood of price normalization or continuation patterns. Market participants must evaluate how this level aligns with recent trend

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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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.

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Rolling Beta Market (β = 1.0)

Yield & Income

0.00%
TTM Yield
30-Day SEC Yield
5Y Div CAGR

Sector Drift Over Time

How CWB’s sector allocation has shifted across snapshots. Use the slider to travel through time.

2026-07-1994 snapshots
Other100.0%
2026-03-302026-07-19

Active Conviction Tracker

Shares bought and sold between the latest two data snapshots — reveals what the fund manager is actually doing.

No position changes detected between snapshots.

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.