ETF · Broad Market

FLRN(FLRN)

$30.80
+0.03%
Expense Ratio
$2.8B
Total AUM
Holdings
Inception
Active Share vs VOO
Moderate
0%20%60%100%
51.3%

AI Look-Through Summary

AI Generated

The portfolio exhibits a relatively low level of sector concentration, with no single sector accounting for more than 8% of its assets. This suggests that the fund has a diversified exposure to various sectors, which could provide some protection against downturns in specific industries.

The top holdings account for approximately 8% of the total AUM, indicating a moderate level of concentration risk. The two largest holdings are bonds denoted by their ISIN codes (606822EE0 and 924QSGII3), implying that the fund has a significant allocation to fixed income securities. Compared to the broader market, this portfolio may have a more conservative sector mix, which could be beneficial in a low-growth or high-inflation environment. However, its performance may be sensitive to changes in interest rates or credit conditions.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-15 07:12:59.090566+00

🔍 Theme Alignment Audit

AI GeneratedPurity: 10/100

The investment theme implied by the ticker FLRN suggests a focus on floating-rate notes or short-term debt instruments designed to track interest rate movements. However, the provided top holding data reveals a single position labeled "924QSGII3" with no identifiable issuer description and an allocation of only 3.6%, which is insufficient to characterize the fund's actual exposure without further context on its remaining holdings. The absence of recognizable floating-rate entities or sector-specific descriptors in the available snapshot makes it impossible to confirm alignment between the name and the underlying assets, as the primary driver of the portfolio's composition remains undefined by the provided metrics alone.

Regarding concentration risk and sector coherence, the top-10 concentration metric stands at a minimal 3.6%, indicating an extremely diversified structure where no single security exerts significant influence on performance. While this low concentration typically mitigates idiosyncratic stock-specific risks often found in thematic funds, it also suggests that the fund may be constructed from thousands of tiny positions or relies heavily on broad market indices rather than a curated set of sector leaders consistent with a specific theme. Without data showing distinct exposure to floating-rate sectors versus broader credit markets, the fund's differentiation from general short-term bond benchmarks cannot be verified based solely on these figures.

AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-24 00:53:50.315495+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
3.57%

Historical Holdings Snapshots

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

2026-07-19

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.57%15,811,508

2026-07-18

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.57%15,811,508

2026-07-17

2 holdings · 8.1% tracked weight
#TickerWeightSharesMarket Value
148128BAW14.50%4,000,000
2924QSGII33.63%15,302,894

2026-07-16

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.61%14,602,210

2026-07-15

2 holdings · 8.0% tracked weight
#TickerWeightSharesMarket Value
1606822EE04.41%4,000,000
2924QSGII33.57%13,967,557

2026-07-14

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.58%16,861,110

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

Risk Profile

1.7%
Annual Volatility
-1.83
Sharpe (1Y)
0.09
Sharpe (3Y)
-1.4%
Max Drawdown (3Y)
-2.2%
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

FLRN is currently trading at $30.80, a price point that requires contextualization against its moving average envelope to assess relative value. Without specific SMA parameters or the current position of the stock within those bands, it remains unclear whether this level represents an overbought extension above the mean or an undervalued dip below it. If the price were trading significantly outside the standard deviation limits defined by the SMAs, a strong case for potential mean reversion would exist, suggesting a pullback toward the central trend line might be statistically probable. Conversely, if the current level aligns closely with the middle of the envelope, the asset may simply be consolidating around its established average without immediate pressure to revert or diverge further. The absence of additional data regarding volatility bands or historical price distributions limits the ability to definitively characterize the strength of any potential reversal signals at this specific moment. Technical analysis relies heavily on understanding where the current market price sits relative to these dynamic support and resistance lines derived from past performance. Observers should note that a deviation from the mean often precedes a correction, but without knowing if $30.80 is an extreme outlier or a normal fluctuation, any conclusion regarding future directional bias remains speculative based solely on this single data point.

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 FLRN’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.