IWN(IWN)
AI Look-Through Summary
AI GeneratedThe portfolio's sector allocation is heavily skewed towards Industrials, with only a small presence in Healthcare and Real Estate. This suggests that the fund has a significant exposure to cyclical sectors, which could make it more sensitive to economic downturns. Geographically, there is no explicit indication of any notable regional bias.
The top holdings are concentrated among smaller-cap stocks, with VSAT being the largest holding at 0.7%. The sector mix diverges from the broader market, where Industrials tend to be a larger component. A favorable macro environment for this portfolio would likely involve sustained economic growth and robust industrial production, while an unfavorable scenario could arise in the event of a recession or significant decline in global trade volumes.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 08:31:50.704106+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 85/100The investment theme implied by the ticker IWN, which typically denotes a small-cap value strategy, is strongly supported by the provided data structure. The top ten holdings collectively represent only 6.3% of the portfolio, indicating that no single stock or narrow cluster dominates the fund's performance. This low concentration suggests the vehicle maintains a broad exposure to smaller entities rather than relying on a few large names for stability. While specific sector classifications are sparse for many top positions, labeled sectors such as Communication Services and Basic Materials appear in minor weights, consistent with an index that captures value across diverse small-cap industries rather than focusing exclusively on one thematic niche like technology or healthcare.
Sector coherence appears aligned with the general mandate of capturing undervalued small companies across the entire market spectrum. The presence of holdings from disparate sectors, including Real Estate and Basic Materials alongside Communication Services, reflects a diversified approach typical of broad-based value indices rather than a concentrated thematic bet on a single industry trend. Because the fund avoids heavy reliance on mega-cap stocks or specific sector weights that would mimic large-cap index behavior, it demonstrates structural differentiation from broader market benchmarks. The data indicates a portfolio constructed to track small-capitalization value characteristics without deviating into unrelated sectors or becoming overly dependent on individual stock performance within those limited classifications.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-16 15:54:55.800915+00
🏢 Sector Analysis
AI GeneratedThe sector allocation profile of IWN demonstrates an extremely narrow footprint, with Communication Services and Basic Materials comprising the vast majority of its holdings while Real Estate accounts for a negligible fraction. This distribution reveals an investment thesis strictly focused on small-cap value stocks within specific industries rather than broad-based diversification across the equity market. The presence of only three sectors in total indicates that the fund's strategy relies heavily on identifying undervalued opportunities within these particular areas, potentially exposing investors to significant idiosyncratic risk if those specific industries underperform relative to others like Technology or Healthcare which are notably absent from this breakdown.
Concentration risk appears elevated given that the top five holdings collectively represent a substantial portion of the portfolio's weightage despite being individually small percentages. The fact that the largest single position accounts for over one percent suggests a lack of deep diversification within the primary sectors, meaning performance will be heavily influenced by the fortunes of just a handful of companies like SATS and TTMI. This structural characteristic implies that while the fund may offer targeted exposure to value-oriented small caps in communication services and materials, it lacks the buffering effect typically provided by larger or more varied sectoral allocations found in broader market indices.
Regarding factor tilts, the heavy weighting toward Communication Services and Basic Materials alongside a low top-10 concentration metric suggests an aggressive attempt to capture value premiums through concentrated bets on specific undervalued names rather than relying on passive beta exposure. The minimal allocation to Real Estate further underscores that the fund is not seeking defensive characteristics or income generation from property sectors, instead prioritizing growth potential and valuation gaps in its chosen niches. Ultimately, this structure reflects a high-risk approach where returns are theoretically driven by the successful recovery of these specific small-cap value segments rather than broad market participation.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-23 22:54:09.078796+00
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 58% 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 6% 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.
Earnings vs. Price Decomposition
ProprietaryIWN is up 37.9% over the last 12 months. The underlying weighted earnings growth of its constituents is +21.6%. The remaining +16.3% 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 5% of fund weight with earnings data. Not investment advice.
Under the Hood — Top 10 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | VSAT | Viasat Inc | 0.74% | — | 6/9 |
| 2 | CYTK | Cytokinetics Inc Healthcare | 0.65% | — | — |
| 3 | UMBF | UMB Financial Corp | 0.62% | 13.0x | 6/9 |
| 4 | CTRE | CareTrust REIT Inc Real Estate | 0.59% | 26.6x | 6/9 |
| 5 | TEX | Terex Corp | 0.54% | 16.5x | 5/9 |
| 6 | ONB | Old National Bancorp | 0.52% | 14.1x | 3/9 |
| 7 | JBTM | JBT Marel Corp | 0.50% | 42.0x | — |
| 8 | LUMN | Lumen Technologies Inc Ordinary Shares | 0.48% | — | 4/9 |
| 9 | MAC | Macerich Co | 0.47% | — | — |
| 10 | TRNO | Terreno Realty Corp | 0.45% | 15.7x | 6/9 |
Historical Holdings Snapshots
Browse how IWN’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-07-19
10 holdings · 5.5% tracked weight2026-07-18
10 holdings · 5.5% tracked weight2026-07-17
10 holdings · 5.5% tracked weight2026-07-16
10 holdings · 5.5% tracked weight2026-07-15
10 holdings · 5.5% 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 IWN Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedAt $211.31, the current price of IWN sits within a specific technical context defined by its relationship to moving average envelopes, though precise envelope boundaries are not provided in this isolated data point. Without knowing the exact upper and lower band limits or the timeframe of the Simple Moving Average being referenced, it is impossible to definitively characterize whether the asset is currently trading at an extreme premium relative to recent history or if it has retracted toward a fair value zone. The absence of comparative volatility metrics or deviation percentages prevents a clear assessment of mean-reversion potential based solely on this single price figure. Technical analysis typically relies on identifying when prices stretch beyond statistical norms before snapping back, but determining that state requires knowledge of the surrounding trend bands. If $211.31 represents a level significantly distant from the central moving average line without supporting data on standard deviation or historical variance, any claim regarding overbought or oversold conditions would be speculative. Conversely, if this price aligns closely with the mean, it might suggest consolidation rather than an imminent reversal. Ultimately, isolating one price point against undefined technical parameters leaves the relative-value position ambiguous for immediate interpretation. The data provided indicates a current market level but lacks the necessary envelope context to confirm whether the asset is poised for a statistical return toward equilibrium or if momentum continues in its existing direction. Further analysis incorporating full indicator ranges and historical volatility would be required to establish a more concrete view of potential mean-reversion dynamics at this
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 IWN’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: 2026-07-17.
SecuritiesDB is for informational purposes only. Not investment advice.