MDYV(MDYV)
AI Look-Through Summary
AI GeneratedThe portfolio's sector allocation is heavily skewed towards Other, which may indicate a focus on mid-cap or small-cap stocks. Financial Services and Industrials also have notable weightings, suggesting exposure to sectors that tend to be more domestically focused. The presence of Real Estate and Technology in the top 6 sectors further supports this view.
The largest holdings are concentrated among mid-cap names, with USFD being the largest position at 1.3%. While there is no single stock dominating the portfolio, the concentration risk remains elevated due to the relatively small number of top holdings. The sector mix diverges from the broader market's typical allocations, which could create opportunities or challenges depending on market conditions. A favorable macro environment for this portfolio might be one characterized by steady economic growth and a strong US dollar, while a downturn in domestic-focused sectors could prove unfavorable.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 09:29:44.957936+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The investment theme implied by the name MDYV suggests a focus on large-cap value stocks, yet the actual holdings reveal a fragmented exposure that dilutes thematic clarity. While several top constituents like WCC and PFGC operate in industrial or consumer cyclical sectors often associated with value characteristics, significant portions of the portfolio lack clear sector classifications, creating ambiguity regarding their strategic fit. The inclusion of entities such as NLY in real estate alongside basic materials firms indicates a broad scattering rather than a cohesive selection based on specific valuation metrics within a single industry vertical. Furthermore, the reliance on mega-cap names to stabilize returns is evident when considering that no single holding exceeds 1.2%, which suggests the fund may be leveraging well-known large companies to anchor performance without strictly adhering to a narrow definition of value or growth factors typically expected from such nomenclature.
Sector coherence presents moderate challenges as the weightings do not align with a singular dominant industry, instead mirroring a diversified broad-market index profile. Industrials and financial services account for over 12% combined exposure, yet these are balanced by meaningful allocations to real estate, technology, and healthcare, preventing any one sector from defining the fund's risk-return trajectory. The top-ten concentration of only 10% further underscores this lack of differentiation, as true thematic funds often exhibit higher weighting in specific sectors relevant to their mandate. Consequently, while the portfolio maintains a wide dispersion across twelve distinct sectors including energy and utilities, it fails to demonstrate the concentrated sector exposure that would typically distinguish a specialized value strategy from a generic large-cap benchmark.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 12:23:31.169939+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of MDYV presents a distinctively concentrated profile dominated by cyclical industries, with Industrials and Financial Services collectively accounting for over 12.9% of the portfolio while Consumer Cyclical adds another nearly six percent. This heavy weighting toward sectors historically sensitive to economic expansion suggests an investment thesis anchored in growth expectations rather than defensive stability or income generation from utilities or consumer staples. The minimal exposure to Utilities at 0.3% and Healthcare at 2.5% further reinforces a lack of hedging against potential market downturns, indicating the fund is designed purely for capital appreciation during upturns rather than risk mitigation through diversification into non-cyclical assets.
Concentration risk appears elevated given that the top ten holdings represent exactly 10.0% of total assets, yet the distribution within specific sectors reveals a reliance on a small number of large-cap drivers within those industries. The presence of multiple Basic Materials and Industrials firms in both the sector breakdown and the top five holdings implies significant exposure to commodity cycles and manufacturing output trends. While the fund avoids extreme single-stock weighting by spreading positions across roughly 100 unique names, the aggregate tilt toward cyclical performance means that macroeconomic shifts impacting industrial production or interest rates affecting financial services will disproportionately influence overall portfolio volatility compared to a more balanced equity index.
Factor tilts inferred from this structure point strongly toward exposure to momentum and value characteristics inherent in cyclical leaders during expansion phases, rather than small-cap growth or quality factors typically associated with defensive sectors. The absence of meaningful representation from Utilities, Consumer Defensive, and Healthcare removes traditional stabilizers found in broader market indices, leaving the fund's performance highly correlated with GDP growth forecasts and commodity price movements. Consequently, this allocation strategy positions the vehicle to outperform during robust economic environments but exposes it to heightened drawdowns should a recessionary cycle emerge or if cyclical valuations compress significantly across these specific industries.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-23 08:31:35.678779+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share MDYV's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of MDYV's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| SPTMSPTM | $12B | — | 299 | 99.8% |
| SPMDSPMD | $16B | — | 299 | 99.8% |
| MDYMDY | $24B | — | 298 | 99.8% |
| VXFVXF | $84B | — | 210 | 85.9% |
| ONEOONEO | $25M | — | 222 | 82.2% |
100% of MDYV's portfolio by weight is also held by SPTM, which commands 5× more assets under management. When SPTM receives inflows, it mechanically buys these shared stocks — dragging MDYV's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofMDYV'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
Peer through the ETF wrapper to see exactly what you own. Every metric is computed from constituent-level data.
Weighted metrics calculated based on 77% 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 86% 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.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside MDYV collectively pay out 70% of their Free Cash Flow to maintain the current yield. This is a sustainable payout level with moderate room for dividend growth. Based on 44% of fund weight in dividend-paying stocks.
FCF Payout Ratio = Dividends Paid / Free Cash Flow, weighted by constituent allocation. Not investment advice.
Earnings vs. Price Decomposition
ProprietaryMDYV is up 18.6% over the last 12 months. The underlying weighted earnings growth of its constituents is +8.9%. The remaining +9.7% 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 83% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of MDYV's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of MDYV's analyzed weight, 21% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 79% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 53% 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.
MDYV has a Passive Crowding Score of 28/100. On average, 8.5% of the market capitalization of MDYV's underlying holdings is structurally locked in passive ETF vehicles. This indicates relatively low passive crowding — the underlying stocks have ample active-market liquidity to absorb ETF-driven flows without significant price distortion.
Passive $ = Σ(ETF AUM × holding weight) across all 16 tracked ETFs. Actual passive ownership is higher (includes mutual funds, pension funds). Not investment advice.
Under the Hood — Top 15 Constituents
| # | Ticker | Company | Weight | P/E | F-Score |
|---|---|---|---|---|---|
| 1 | USFD | US FOODS HOLDING CORP | 1.24% | 31.2x | 6/9 |
| 2 | RS | RELIANCE INC Basic Materials | 1.15% | 25.8x | 5/9 |
| 3 | SNX | TD SYNNEX CORP | 1.03% | 15.7x | 7/9 |
| 4 | PFGC | PERFORMANCE FOOD GROUP CO | 1.01% | 37.8x | 4/9 |
| 5 | NLY | ANNALY CAPITAL MANAGEMENT IN | 0.98% | 7.2x | 4/9 |
| 6 | WCC | WESCO INTERNATIONAL INC | 0.91% | 19.9x | 3/9 |
| 7 | RGA | REINSURANCE GROUP OF AMERICA | 0.89% | 11.4x | 6/9 |
| 8 | JLL | JONES LANG LASALLE INC Real Estate | 0.89% | 18.0x | 8/9 |
| 9 | OVV | OVINTIV INC | 0.88% | 12.9x | 8/9 |
| 10 | PNFP | PINNACLE FINANCIAL PARTNERS Financial Services | 0.88% | 14.4x | 5/9 |
| 11 | PR | PERMIAN RESOURCES CORP CL A | 0.88% | 17.1x | 4/9 |
| 12 | ARMK | ARAMARK Industrials | 0.85% | 33.8x | 7/9 |
| 13 | TOL | TOLL BROTHERS INC Consumer Cyclical | 0.84% | 11.8x | 4/9 |
| 14 | RRX | REGAL REXNORD CORP | 0.80% | 43.1x | 6/9 |
| 15 | WSO | WATSCO INC | 0.77% | 28.6x | 5/9 |
Historical Holdings Snapshots
Browse how MDYV’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-07-19
15 holdings · 14.0% tracked weight2026-07-18
15 holdings · 14.0% tracked weight2026-07-17
15 holdings · 14.1% tracked weight2026-07-16
15 holdings · 14.2% tracked weight2026-07-15
15 holdings · 14.2% tracked weight2026-07-14
15 holdings · 14.1% 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 MDYV Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
Technical Setup
AI GeneratedMDYV is currently trading at $88.47, a specific price point that establishes its immediate standing within the broader market context without referencing external moving average envelopes or historical volatility bands not provided in the source data. In isolation, this figure represents the current valuation level but lacks sufficient comparative metrics to determine if the asset is technically overextended or undervalued relative to recent trends. Without knowing where this price sits against key statistical boundaries like simple moving averages or standard deviation channels, assessing mean-reversion potential remains speculative based solely on the single data point available. The absence of trend direction indicators means it cannot be definitively stated whether the current level suggests a pullback toward an average or a continuation of momentum away from one. Technical analysis relies heavily on relative positioning to gauge future probability, yet this snapshot offers only absolute price information. To evaluate if $88.47 implies a high likelihood of reverting to a mean, one would need data regarding recent highs, lows, and the calculated distance from long-term averages. Since these contextual layers are missing from the provided parameters, any assertion about overbought or oversold conditions is unsupported by the current dataset. The market price exists at this specific coordinate, but determining its strategic significance requires additional historical context that defines normalcy versus anomaly for this instrument.
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 MDYV’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.