ETF · Broad Market

JNK(JNK)

$95.98
-0.10%
Expense Ratio
$7.0B
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 relatively balanced, with no clear dominant sectors, although "Other" accounts for a notable 3.6% of the fund's holdings. The lack of specific sector weights makes it challenging to discern any meaningful sector tilts within the portfolio.

The top holding, 924QSGII3, constitutes approximately 3.6% of the fund's assets, suggesting some level of concentration risk. A comparison with broader market indices is not possible without additional data on the fund's holdings or sector weights. The macro environment that would be most favorable for this portfolio would likely involve a strong demand for high-yield debt securities, whereas an economic downturn might make these holdings more vulnerable to price declines.

Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 08:59:09.10585+00

🔍 Theme Alignment Audit

AI GeneratedPurity: 10/100

The provided data presents a significant disconnect between the investment theme implied by the ticker JNK, which typically denotes high-yield or junk bonds, and the actual holdings listed. The top holding is identified only as "924QSGII3," with no specific issuer name, sector classification, or credit rating provided to indicate whether it aligns with a distressed debt strategy. Furthermore, the absence of any other named securities in the dataset makes it impossible to verify if the portfolio consists of leveraged loans, high-yield corporate bonds, or government obligations. Without visibility into the underlying assets, there is no evidence that the fund maintains thematic focus on credit risk rather than acting as a generic cash equivalent or holding unrelated instruments under an opaque identifier.

Concentration analysis reveals extreme opacity regarding sector coherence and differentiation from broad market indices due to the lack of granular data beyond a single top position representing 3.6% of assets. While this specific weight suggests low concentration relative to mega-cap equities, the inability to identify the nature of "924QSGII3" prevents an assessment of whether the remaining portfolio is diversified across industries or heavily weighted toward a specific sector consistent with high-yield investing. Consequently, it cannot be determined if the fund offers genuine thematic exposure distinct from standard bond indices or if its structure relies on unidentified instruments that may not reflect the expected risk profile associated with the JNK designation.

AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 17:27:07.473957+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
3.64%

Historical Holdings Snapshots

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

2026-07-19

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.64%41,038,585

2026-07-18

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.64%41,038,585

2026-07-17

3 holdings · 16.8% tracked weight
#TickerWeightSharesMarket Value
108782JAA37.00%2,665,000
2144567AA26.13%11,135,000
3924QSGII33.63%68,566,783

2026-07-16

2 holdings · 11.6% tracked weight
#TickerWeightSharesMarket Value
191917UAA28.00%1,675,000
2924QSGII33.61%35,060,676

2026-07-15

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.57%42,890,756

2026-07-14

1 holdings · 3.6% tracked weight
#TickerWeightSharesMarket Value
1924QSGII33.58%43,188,577

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

Risk Profile

7.4%
Annual Volatility
-0.23
Sharpe (1Y)
0.47
Sharpe (3Y)
-5.0%
Max Drawdown (3Y)
-16.7%
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

Loading chart...

Technical Setup

AI Generated

The current price of $96.25 for JNK sits at a critical juncture where short-term momentum indicators may be interacting with longer-term moving averages, potentially signaling a shift in institutional positioning. If the price is approaching or breaching key average levels, larger market participants might be reevaluating their exposure to this specific asset class, as such crossovers often precede capital rotation into or out of high-yield debt instruments. The absence of additional volume data limits precise assessment, but any significant move away from these averages without corresponding trading activity could suggest that institutions are waiting for clearer directional confirmation before committing substantial new positions. Institutional behavior in the bond and equity proxy markets often lags behind retail sentiment until a technical threshold is breached, at which point large blocks of capital may enter to establish market direction. The proximity to major moving averages implies that smart money is closely monitoring support and resistance levels, possibly accumulating or distributing shares quietly while waiting for volatility to resolve. This setup suggests that the larger players are currently in a state of observation rather than aggressive conviction, using these technical landmarks as decision points for adjusting their portfolios based on broader macroeconomic signals regarding interest rates and credit spreads. Ultimately, the convergence of price action near established averages indicates that institutional sentiment is bifurcated or undecided, with some entities potentially viewing the current level as attractive entry points while others see it as a zone to reduce exposure pending further confirmation. Without definitive volume spikes or sustained breaks above these technical

Underwater (Drawdown from Peak)

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

Loading drawdown chart...

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.

Loading beta chart...
Rolling Beta Market (β = 1.0)

Yield & Income

4.42%
TTM Yield
30-Day SEC Yield
5Y Div CAGR

Sector Drift Over Time

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

2026-07-1993 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.