OEF(OEF)
AI Look-Through Summary
AI GeneratedThe OEF ETF presents a distinctively concentrated equity profile dominated by the technology sector, which accounts for over 30% of its total assets. This heavy allocation is driven primarily by significant exposure to mega-cap giants such as NVIDIA, Apple, and Microsoft, whose combined weight exceeds 26%. The fund's composition further emphasizes communication services through substantial positions in Alphabet and Meta, while consumer cyclical exposure remains modest despite including major players like Amazon and Tesla. Such a structure indicates that the portfolio's performance will be highly correlated with the fortunes of these specific large-cap technology leaders rather than offering broad diversification across various industry verticals or market capitalizations.
Geographically, the fund maintains an implicit tilt toward developed markets given its exclusive focus on US-listed equities represented by these top holdings, resulting in zero exposure to emerging economies or international developed regions. Quantitatively, the sheer scale of the $17.8 billion asset base combined with a top-ten concentration exceeding 50% suggests that idiosyncratic risks associated with any single holding could materially impact overall volatility and returns. The presence of Berkshire Hathaway in the top ten further highlights an unusual blend of pure-growth tech names alongside a value-oriented conglomerate, creating a nuanced but still heavily weighted distribution within its primary sector.
Ultimately, this ETF serves as a leveraged vehicle for investors seeking targeted exposure to the largest US technology and communication service providers rather than serving as a diversified market proxy. The data reveals that nearly one-third of the fund's economic beta is derived from just three companies, implying that any regulatory headwinds or earnings disappointments within those specific names would exert disproportionate pressure on the portfolio. Conversely, sustained growth in these sectors could yield amplified returns compared to broader indices, though the lack of sectoral balance necessitates careful consideration regarding potential drawdowns during periods when technology valuations correct.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-24 07:51:04.301114+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The investment theme implied by the ticker OEF suggests a focus on emerging markets, yet the actual portfolio composition is dominated entirely by large-cap U.S. technology and communication services giants such as NVIDIA, Apple, Microsoft, Amazon, Google, Meta, Tesla, and Broadcom. This creates a significant disconnect where the fund's core assets are global leaders in domestic innovation rather than companies operating primarily within developing economies or frontier markets. The inclusion of Berkshire Hathaway further dilutes any potential thematic focus on high-growth emerging sectors, as this holding represents a broad conglomerate with diversified operations unrelated to specific geographic development themes. Consequently, an investor seeking exposure to the stated theme would find that the fund's primary drivers are established U.S. mega-cap equities rather than the intended market segment.
Sector concentration reveals a heavy reliance on technology at nearly 31%, followed by communication services and consumer cyclicals, which collectively account for over half of the top ten holdings' weightage. This structure indicates that the fund behaves more like a concentrated slice of the Nasdaq-100 than a diversified emerging market vehicle, exposing it to idiosyncratic risks inherent in specific U.S. tech subsectors rather than macroeconomic shifts typical of developing nations. The high degree of overlap with broad technology indices suggests limited differentiation from standard large-cap growth benchmarks, raising questions about whether the fund maintains true thematic integrity or utilizes a familiar name to mask its actual exposure profile. Without significant holdings in traditional emerging market sectors like industrials, financials, or materials found in those regions, the portfolio's risk-return characteristics appear misaligned with the expectations set by its designation.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-23 05:35:49.154553+00
⚠️ Systemic Risk Synthesis
AI GeneratedThe newly disclosed risk factors from the top holdings of this technology-focused ETF highlight a convergence of systemic macro-level threats centered on regulatory expansion and operational compliance. A primary emerging threat is the potential for material adverse impacts arising from evolving climate change regulations, as explicitly noted by NVIDIA's disclosure regarding environmental compliance costs. Simultaneously, there is a distinct rise in risks associated with data privacy requirements and cybersecurity adherence, which could significantly increase operational expenditures across major semiconductor and software providers. Furthermore, the specific mention of responsible AI usage regulations indicates that future competitive positioning may be increasingly constrained by new legal frameworks governing artificial intelligence deployment within these high-growth sectors.
The concentration of exposure to these shared risks is substantial given the weight of the top holdings in the portfolio. With NVIDIA alone representing 10.8% of assets under management and flagging environmental, cybersecurity, and AI regulatory concerns simultaneously, a significant portion of the fund's value is tied to entities facing correlated downside pressures from non-market forces. The presence of similar themes across multiple large-cap technology leaders suggests that adverse shifts in government policy regarding carbon emissions, data privacy standards, or artificial intelligence governance could trigger synchronized volatility rather than isolated events. This clustering implies that macro-level regulatory decisions have the potential to disproportionately affect the fund's aggregate performance through widespread operational cost inflation and strategic constraints affecting its largest constituents.
While systemic risks dominate the current disclosures, specific company-weighted vulnerabilities remain relevant for portfolio assessment. NVIDIA carries a uniquely high weight of 10.8%, meaning any material adverse outcome related to its specific compliance with climate regulations or AI usage laws would exert outsized pressure on the fund's total return compared to lower-weight holdings like Berkshire Hathaway at 1.9%. The interplay between these heavy weights and their simultaneous exposure to regulatory headwinds creates a scenario where policy changes in environmental, digital privacy, or artificial intelligence domains could rapidly translate into concentrated financial stress for the ETF structure as a whole.
Synthesized from constituent 10-K risk factor disclosures. Not investment advice. Updated: 2026-05-23 17:14:17.688933+00
🏢 Sector Analysis
AI GeneratedThe OEF fund exhibits a distinct concentration within the technology sector, which accounts for approximately 31% of its total portfolio through just four holdings. This heavy weighting is further amplified by the composition of the top five positions, where three major tech giants—NVDA, AAPL, and MSFT—together represent nearly one-third of the entire fund's assets. Such a structure indicates an investment thesis heavily reliant on the performance of large-cap technology leaders rather than broad-based sector diversification. The inclusion of Communication Services at roughly 12% reinforces this digital-centric approach, suggesting that the underlying strategy prioritizes companies with significant exposure to software, hardware, and internet infrastructure over other industrial or defensive sectors entirely absent from the top tier.
This allocation profile reveals a pronounced concentration risk centered on mega-cap equities within specific growth-oriented industries. With nearly 53% of assets tied up in the largest ten holdings, the fund's returns will be disproportionately influenced by the fortunes of these individual stocks rather than general market movements or sector-wide trends. The dominance of NVDA alone at over 10% highlights an extreme sensitivity to volatility within a single company, meaning that adverse developments for any one of these top names could materially impact the overall portfolio value more sharply than in a broadly diversified vehicle. Consequently, while the fund offers targeted exposure to high-growth innovation leaders, it lacks the sector breadth necessary to mitigate idiosyncratic risks associated with its largest constituents.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-23 06:25:55.076254+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share OEF's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of OEF's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| IWBIWB | $43B | — | 10 | 52.7% |
| ESGVESGV | $11B | — | 9 | 50.8% |
| ACWIiShares MSCI ACWI ETF | $28B | — | 9 | 50.8% |
| ITOTiShares Core S&P Total U.S. Stock Market ETF | $80B | — | 9 | 50.8% |
| IVViShares Core S&P 500 ETF | $762B | 0.03% | 9 | 50.8% |
53% of OEF's portfolio by weight is also held by IWB, which commands 2× more assets under management. When IWB receives inflows, it mechanically buys these shared stocks — dragging OEF's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofOEF'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 53% 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.
Dividend Safety True-Up
DeterministicThe dividend-paying companies inside OEF collectively pay out 17% of their Free Cash Flow to maintain the current yield. This leaves a substantial cash buffer, making dividend cuts unlikely even in a downturn. Based on 43% 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
ProprietaryOEF is up 30.7% over the last 12 months. The underlying weighted earnings growth of its constituents is +48.5%. Despite earnings growth, valuations have contracted by 17.8% — 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 53% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of OEF's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of OEF's analyzed weight, 92% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 8% 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.
Concentration Risk Monitor
ELEVATEDOEF's top holding NVDA at 10.8% is above the 8% elevated-concentration threshold. The effective number of stocks is 28 vs. the actual count of 10.
Effective # of Stocks = 1 / HHI (Herfindahl-Hirschman Index). Variance share approximated as w² / Σw². 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.
OEF has a Passive Crowding Score of 32/100. On average, 9.5% of the market capitalization of OEF'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 52 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 | NVDA | NVIDIA Corp Technology | 10.78% | 32.4x | 4/9 |
| 2 | AAPL | Apple Inc Technology | 8.85% | 37.7x | 8/9 |
| 3 | MSFT | Microsoft Corp Technology | 6.73% | 26.8x | 5/9 |
| 4 | AMZN | Amazon.com Inc Consumer Cyclical | 5.75% | 31.7x | 6/9 |
| 5 | GOOGL | Alphabet Inc Class A Communication Services | 4.98% | 29.0x | 6/9 |
| 6 | AVGO | Broadcom Inc Technology | 4.40% | 86.9x | 8/9 |
| 7 | GOOG | Alphabet Inc Class C Communication Services | 3.97% | 28.7x | 6/9 |
| 8 | META | Meta Platforms Inc Class A Communication Services | 2.97% | 23.0x | 5/9 |
| 9 | TSLA | Tesla Inc Consumer Cyclical | 2.39% | 399.8x | 5/9 |
| 10 | BRK-B | Berkshire Hathaway Inc Class B | 1.93% | 14.1x | 4/9 |
Historical Holdings Snapshots
Browse how OEF’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
10 holdings · 52.7% tracked weight2026-05-23
10 holdings · 52.7% tracked weight2026-05-22
10 holdings · 52.7% tracked weight2026-05-21
10 holdings · 52.7% tracked weight2026-05-20
10 holdings · 52.7% 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 OEF Today?
Daily return attribution — which holdings contributed most (and least) to the fund's move.
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 OEF’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.