IJK(IJK)
AI Look-Through Summary
AI GeneratedThe IJK ETF presents a distinctively concentrated profile characterized by an extremely narrow sector footprint, with Energy and Industrials comprising the vast majority of its reported weightings. Despite listing Technology as a minor component at 1.4%, the fund's composition suggests it is not broadly diversified across traditional equity categories but rather heavily reliant on specific large-cap names that happen to fall into these sectors or have ambiguous classifications in this dataset. This lack of sector breadth implies that performance will be disproportionately driven by the fortunes of its top ten holdings, which collectively account for a significant portion of assets under management relative to typical broad-market index funds.
Geographic exposure cannot be explicitly determined from the provided data points, as neither the ticker symbols nor the sector labels indicate regional tilts; however, the presence of global giants like Flex and FTI suggests an international or multi-regional underlying basket rather than a domestic-only focus. The concentration risk is further highlighted by the fact that several top holdings carry "N/A" classifications for their primary sectors, indicating potential volatility if these entities operate across multiple industries with shifting revenue streams. With nearly $10 billion in assets, the fund possesses substantial liquidity, yet its reliance on such a small number of identifiable sector drivers creates a unique risk-reward dynamic where idiosyncratic moves by individual constituents can sway overall returns more dramatically than in diversified peer groups.
Quantitatively, the structure demands close monitoring of top-tier movers rather than aggregate market trends. The dominance of specific names like FTI and CW means that any material change in their valuation multiples or operational performance will have an outsized impact on the ETF's net asset value compared to funds with flatter holding distributions. Investors analyzing this vehicle should focus less on broad macroeconomic indicators affecting entire sectors and more on company-specific fundamentals within its limited universe of holdings, as the fund effectively functions as a targeted basket rather than a true market proxy.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-21 13:17:41.983748+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The thematic alignment between the ETF's name and its actual holdings presents a significant disconnect, as the top ten positions are predominantly technology-focused or unrelated to any specific industry niche typically associated with such labels. While several constituents like Flex and XPO operate within logistics or software sectors often grouped under broader tech umbrellas, others in the list lack clear sector classifications entirely, suggesting a diverse operational scope that dilutes thematic purity. Furthermore, the inclusion of major mega-cap names alongside smaller entities indicates a potential strategy to leverage broad market stability rather than maintaining a tightly curated portfolio focused on a singular investment thesis or emerging trend.
Sector coherence appears fragmented given the extremely low weightings assigned to individual industries within the top ten holdings. The technology sector accounts for only 1.4% of the total allocation, while energy and industrials each represent less than 2%, creating a profile that lacks the depth usually expected from a thematic fund. This distribution suggests the underlying portfolio is heavily diversified across unlisted sectors or relies on large-cap exposure to manage volatility rather than concentrating capital in specific themes. Consequently, the fund exhibits characteristics more akin to a broad market basket with high concentration risk among its top picks, failing to demonstrate clear differentiation from standard index strategies through sector-specific weighting or exclusive thematic focus.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 22:35:34.381627+00
🏢 Sector Analysis
AI GeneratedThe sector allocation profile of the IJK ETF presents a distinctively narrow exposure, with Energy, Industrials, and Technology each contributing less than 2% to total assets. This highly fragmented distribution across major economic pillars suggests an investment thesis centered on extreme idiosyncratic selection rather than broad industry diversification. By holding only one position in these three sectors combined for roughly half of the top holdings list, the fund appears designed to capture specific company-level alpha while deliberately avoiding exposure to systematic sector-wide movements or macroeconomic cycles that typically drive broader industrial or tech indices.
This structural characteristic introduces significant concentration risk despite a reported Top-10 holding weight of 14.8%. The reliance on such a small number of positions for the majority of portfolio value implies that performance will be heavily dictated by the fortunes of these specific issuers, including FLEX and FTI, rather than general market trends within their respective industries. Such a setup amplifies volatility associated with individual company events while simultaneously limiting the ability to benefit from sector-wide rallies or defensive rotations during downturns. The minimal representation in Energy and Technology further indicates that the fund is not leveraging these high-growth or cyclical areas as primary drivers of returns, instead focusing on a very limited set of industrial and specialized entities.
The factor tilt inherent in this allocation leans heavily toward small-cap value characteristics given the specific nature of many holdings often found in such constrained portfolios, though precise factor metrics are absent here. The lack of diversification means that any single stock underperformance can disproportionately impact overall returns, creating a high-variance outcome profile unsuitable for investors seeking stability or broad market correlation. Ultimately, this structure reflects an aggressive approach to equity selection where the manager prioritizes specific security performance over traditional sector balancing acts, resulting in a portfolio with unique risk-return dynamics distinct from standard industry benchmarks.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-12 05:06:39.464983+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share IJK's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 59% of IJK's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| IJHIJH | $106B | — | 10 | 14.8% |
| MDYGMDYG | $2B | — | 10 | 14.8% |
| MDYMDY | $24B | — | 10 | 14.8% |
| SPMDSPMD | $16B | — | 10 | 14.8% |
| SPTMSPTM | $12B | — | 10 | 14.8% |
15% of IJK's portfolio by weight is also held by IJH, which commands 11× more assets under management. When IJH receives inflows, it mechanically buys these shared stocks — dragging IJK's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 74% ofIJK'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
Replaces $249/yr MorningstarPeer 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
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 14% 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. Data that Vanguard and BlackRock don't surface.
Earnings vs. Price Decomposition
ProprietaryIJK is up 29.6% over the last 12 months. The underlying weighted earnings growth of its constituents is +40.7%. Despite earnings growth, valuations have contracted by 11.1% — 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 14% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of IJK's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of IJK's analyzed weight, 31% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 69% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 11% 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.
IJK has a Passive Crowding Score of 43/100. On average, 12.9% of the market capitalization of IJK'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 19 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 | FLEX | Flex Ltd | 1.93% | 65.0x | 6/9 |
| 2 | FTI | TechnipFMC PLC Energy | 1.76% | 26.2x | 9/9 |
| 3 | CW | Curtiss-Wright Corp Industrials | 1.53% | 54.6x | 8/9 |
| 4 | XPO | XPO Inc | 1.48% | 71.7x | 5/9 |
| 5 | UTHR | United Therapeutics Corp | 1.41% | 21.0x | 6/9 |
| 6 | FN | Fabrinet Technology | 1.41% | 56.2x | 2/9 |
| 7 | MTZ | MasTec Inc | 1.39% | 60.5x | 7/9 |
| 8 | NVT | nVent Electric PLC | 1.32% | 43.9x | 6/9 |
| 9 | TWLO | Twilio Inc Class A | 1.29% | 553.6x | 6/9 |
| 10 | P | Everpure Inc Class A | 1.29% | 125.8x | — |
Historical Holdings Snapshots
Browse how IJK’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
10 holdings · 14.8% tracked weight2026-05-23
10 holdings · 14.8% tracked weight2026-05-22
10 holdings · 14.8% tracked weight2026-05-21
10 holdings · 14.8% tracked weight2026-05-20
10 holdings · 14.8% 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 IJK Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedThe current trading level of $110.85 for IJK presents a specific snapshot where price action sits in isolation without accompanying volatility metrics or historical drawdown data to fully contextualize risk dynamics. In the absence of information regarding recent price swings, beta coefficients, or maximum depth of loss from peaks, it is impossible to determine whether the current valuation reflects a robust structural trend or a potentially fragile momentum buildup. Without knowing how much capital has been at risk during previous downturns or what degree of fluctuation characterizes this asset class, one cannot assess if the price discovery process is resilient to market stress or susceptible to sharp corrections based solely on the single data point provided. Fundamental backdrops are equally opaque in this limited view; there is no indication of earnings stability, sector headwinds, or macroeconomic factors that typically underpin sustainable valuations versus speculative spikes. The lack of relative strength indicators or volume trends further obscures whether the price at $110.85 represents a consensus fair value driven by underlying business performance or a temporary liquidity-driven anomaly. Consequently, any assessment of risk dynamics remains incomplete because the necessary variables to distinguish between enduring growth patterns and transient market noise are missing from the dataset. Ultimately, while the nominal price is clear, the technical integrity of this position cannot be synthesized without additional layers of historical context regarding drawdown resilience and volatility clustering. Investors must recognize that a single data point offers limited insight into the probability of future adverse moves or the durability of
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 IJK’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: 2026-06-02.
SecuritiesDB is for informational purposes only. Not investment advice.