VFMV(VFMV)
AI Look-Through Summary
AI GeneratedThe VFMV ETF presents a diversified equity profile anchored by significant exposure to the technology sector, which accounts for 21.0% of its total assets under management. This broad-based allocation is driven by a wide array of top holdings rather than concentration in a single leader; notable positions include NVIDIA, Texas Instruments, and Analog Devices alongside CRUS, collectively reinforcing the fund's bias toward innovation-driven growth while maintaining balance across other industries. The remaining portfolio weight distributes into communication services at 9.3%, industrials at 8.8%, financial services at 7.8%, and healthcare at 7.4%, creating a structure that mitigates idiosyncratic risk associated with any single industry cycle.
Geographically, the provided data does not specify regional tilts or country-level exposures, leaving the geographic composition undefined within this summary; however, the sector distribution suggests a global mandate typical of large-cap index strategies rather than a focused domestic approach. Concentration analysis reveals that no individual holding exceeds 1.5%, with several top ten positions tied at exactly 1.4%. This low level of concentration indicates a highly diversified basket where capital is spread thinly across thirty or more constituents, resulting in reduced volatility from single-stock events compared to smaller-cap funds but potentially dampening returns during periods when specific sectors outperform significantly.
With an AUM of $0.4 billion, the fund operates at a scale that generally supports liquidity without yet becoming a massive market mover like its largest peers. The blend of defensive names such as Johnson & Johnson and Coca-Cola alongside high-growth tech giants creates a hybrid risk-return profile where performance will likely correlate closely with broader market indices rather than following an aggressive thematic trajectory. Investors examining this vehicle should note that the lack of geographic data limits insights into currency hedging or regional economic sensitivity, while the sector weights confirm a primary focus on U.S.-centric growth sectors without explicit exclusion of value-oriented industries like consumer defensives and financial services.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-05-22 08:32:22.554623+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 25/100The investment theme implied by the ticker VFMV suggests a focus on value or specific small-to-mid-cap strategies, yet the actual holdings reveal a portfolio heavily skewed toward massive technology giants and diversified conglomerates. While names like CRUS appear in the top ten, they represent only a fraction of the total exposure compared to industry leaders such as Microsoft, Apple, NVIDIA, and Broadcom, which collectively dominate the largest single sector allocation. The inclusion of broad-market stalwarts like Berkshire Hathaway, Johnson & Johnson, and Coca-Cola alongside these tech titans indicates that the fund's construction relies on large-cap stability rather than adhering strictly to a niche thematic mandate or smaller enterprise focus often associated with value-oriented strategies bearing similar acronyms.
Sector coherence further questions the differentiation of this portfolio from standard broad-market indices, as the weightings across Technology, Communication Services, and Industrials mirror typical market cap-weighted distributions found in major blue-chip trackers. With a top-ten concentration of merely 14.3%, the fund lacks the concentrated exposure usually required to define a distinct thematic strategy, instead offering a highly diversified snapshot that closely resembles the broader U.S. equity landscape. The presence of significant allocations across Utilities and Energy alongside heavy tech weighting suggests an attempt at sector balance rather than deep specialization in any single growth or value driver, resulting in a profile where the stated theme appears largely obscured by generic large-cap market representation.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-24 00:33:00.079613+00
⚠️ Systemic Risk Synthesis
AI GeneratedThe emerging risk landscape across the top holdings of this fund highlights a convergence of regulatory pressures centered on environmental compliance, data privacy, and artificial intelligence governance. Multiple disclosures from key constituents indicate that adherence to evolving climate change regulations could materially impact financial conditions, while others point to rising operational costs associated with meeting stricter cybersecurity standards and responsible AI usage requirements. These factors suggest a systemic trend where technological advancement and sustainability mandates are increasingly intertwined with regulatory scrutiny, potentially creating parallel cost burdens for large-cap technology and consumer sectors simultaneously.
The concentration of these specific risks within the fund's largest positions suggests a notable degree of correlated downside potential should macro-level regulations tighten further. With significant weightings allocated to companies explicitly flagging AI regulation compliance costs and cybersecurity data privacy expenses, any broad legislative shift in these areas would likely exert synchronized pressure on the portfolio rather than isolating impact to single entities. This clustering of regulatory exposure among top-tier holdings implies that external policy changes could disproportionately affect overall fund performance if multiple major constituents face simultaneous increases in operational expenditures or competitive disadvantages related to new compliance frameworks.
While systemic themes dominate, individual company disclosures reveal unique vulnerabilities that warrant specific attention due to their high weightings within the index. For instance, one major holding with a 1.4% allocation has specifically identified environmental regulation impacts as a potential material adverse event for its financial condition, distinguishing it from peers focused solely on cyber or AI issues. This divergence indicates that while the fund faces broad regulatory headwinds, certain positions may be uniquely exposed to specific sectors of compliance risk, such as climate-related mandates versus digital governance standards, creating an uneven distribution of potential downside drivers across the top tier of assets.
Synthesized from constituent 10-K risk factor disclosures. Not investment advice. Updated: 2026-05-23 15:47:10.093793+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of VFMV presents a distinct departure from broad market indices, characterized by an aggressive overweight in Technology and Communication Services combined with significant underweights across traditional defensive sectors. The fund's top two sectors collectively account for nearly one-third of the portfolio, indicating a thesis heavily reliant on growth-oriented industries rather than stability or value preservation. This concentration is further amplified by the specific composition of holdings within these sectors; while the overall portfolio maintains a relatively low Top-10 concentration metric of 14.3%, the sheer number of positions in Technology (23) and Communication Services (14) suggests that performance will be disproportionately influenced by volatility in these specific market segments compared to a more diversified equity strategy.
The underrepresentation of Consumer Defensive, Utilities, Energy, and Real Estate sectors reveals an intentional avoidance of rate-sensitive assets and cyclical defensive plays, which typically serve as ballast during periods of economic uncertainty or rising interest rates. Instead, the allocation leans heavily toward Financial Services and Industrials at moderate levels, while keeping exposure to pure-play utilities and energy minimal. This structural tilt implies a fund design that prioritizes capital appreciation through exposure to high-growth innovation sectors over income generation or downside protection derived from defensive equities. Consequently, the portfolio's risk profile appears closely tied to macroeconomic conditions favorable for technology expansion, potentially exposing investors to heightened sensitivity regarding regulatory changes in tech and consumer spending trends affecting communication services.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-20 10:41:31.832284+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share VFMV's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of VFMV's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| SPTMSPTM | $12B | — | 156 | 92.2% |
| ONEOONEO | $25M | — | 137 | 85.2% |
| VONEVONE | $10B | — | 115 | 75.2% |
| QUSQUS | $1B | — | 116 | 74.9% |
| SPYState Street SPDR S&P 500 ETF Trust | $640B | 0.09% | 116 | 73.9% |
92% of VFMV's portfolio by weight is also held by SPTM, which commands 29× more assets under management. When SPTM receives inflows, it mechanically buys these shared stocks — dragging VFMV's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofVFMV'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.
Weighted metrics calculated based on 92% 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
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 VFMV collectively pay out 67% of their Free Cash Flow to maintain the current yield. This is a sustainable payout level with moderate room for dividend growth. Based on 64% 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
ProprietaryVFMV is up 13.2% over the last 12 months. The underlying weighted earnings growth of its constituents is +22.2%. Despite earnings growth, valuations have contracted by 9.0% — 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 93% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of VFMV's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of VFMV's analyzed weight, 61% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 39% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 83% 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.
VFMV has a Passive Crowding Score of 39/100. On average, 11.8% of the market capitalization of VFMV'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 14 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 | CRUS | Cirrus Logic Inc. Technology | 1.50% | 21.6x | 9/9 |
| 2 | ROST | Ross Stores Inc. Consumer Cyclical | 1.46% | 32.4x | — |
| 3 | TJX | TJX Cos. Inc. Consumer Cyclical | 1.44% | 30.1x | 7/9 |
| 4 | TXN | Texas Instruments Inc. Technology | 1.42% | 52.3x | 7/9 |
| 5 | BRK.B | Berkshire Hathaway Inc. Class B Financial Services | 1.42% | 14.1x | — |
| 6 | JNJ | Johnson & Johnson Healthcare | 1.42% | 26.1x | 4/9 |
| 7 | DLB | Dolby Laboratories Inc. Class A Industrials | 1.42% | 23.5x | 6/9 |
| 8 | ADI | Analog Devices Inc. Technology | 1.41% | 61.8x | 8/9 |
| 9 | NVDA | NVIDIA Corp. Technology | 1.41% | 32.4x | 4/9 |
| 10 | KO | Coca-Cola Co. Consumer Defensive | 1.41% | 24.8x | 7/9 |
| 11 | COST | Costco Wholesale Corp. Consumer Defensive | 1.40% | 49.8x | 6/9 |
| 12 | AAPL | Apple Inc. Technology | 1.40% | 37.7x | 8/9 |
| 13 | MSFT | Microsoft Corp. Technology | 1.40% | 26.8x | 5/9 |
| 14 | ENSG | Ensign Group Inc. Healthcare | 1.38% | 34.2x | 6/9 |
| 15 | CVX | Chevron Corp. Energy | 1.38% | 31.7x | 6/9 |
Historical Holdings Snapshots
Browse how VFMV’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-05-24
15 holdings · 21.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRUS | 1.50% | 42,934 | $6.2M |
| 2 | ROST | 1.46% | 27,898 | $6.0M |
| 3 | TJX | 1.44% | 37,163 | $5.9M |
| 4 | TXN | 1.42% | 30,091 | $5.8M |
| 5 | JNJ | 1.42% | 23,904 | $5.8M |
| 6 | DLB | 1.42% | 97,372 | $5.8M |
| 7 | BRK.B | 1.42% | 12,265 | $5.9M |
| 8 | KO | 1.41% | 76,549 | $5.8M |
| 9 | NVDA | 1.41% | 33,412 | $5.8M |
| 10 | ADI | 1.41% | 18,255 | $5.8M |
| 11 | AAPL | 1.40% | 22,690 | $5.8M |
| 12 | COST | 1.40% | 5,786 | $5.8M |
| 13 | MSFT | 1.40% | 15,632 | $5.8M |
| 14 | ENSG | 1.38% | 28,304 | $5.7M |
| 15 | L | 1.38% | 53,507 | $5.7M |
2026-05-23
15 holdings · 21.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRUS | 1.50% | 42,934 | $6.2M |
| 2 | ROST | 1.46% | 27,898 | $6.0M |
| 3 | TJX | 1.44% | 37,163 | $5.9M |
| 4 | JNJ | 1.42% | 23,904 | $5.8M |
| 5 | TXN | 1.42% | 30,091 | $5.8M |
| 6 | DLB | 1.42% | 97,372 | $5.8M |
| 7 | BRK.B | 1.42% | 12,265 | $5.9M |
| 8 | NVDA | 1.41% | 33,412 | $5.8M |
| 9 | ADI | 1.41% | 18,255 | $5.8M |
| 10 | KO | 1.41% | 76,549 | $5.8M |
| 11 | MSFT | 1.40% | 15,632 | $5.8M |
| 12 | COST | 1.40% | 5,786 | $5.8M |
| 13 | AAPL | 1.40% | 22,690 | $5.8M |
| 14 | L | 1.38% | 53,507 | $5.7M |
| 15 | CVX | 1.38% | 27,534 | $5.7M |
2026-05-22
15 holdings · 21.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRUS | 1.50% | 42,934 | $6.2M |
| 2 | ROST | 1.46% | 27,898 | $6.0M |
| 3 | TJX | 1.44% | 37,163 | $5.9M |
| 4 | JNJ | 1.42% | 23,904 | $5.8M |
| 5 | TXN | 1.42% | 30,091 | $5.8M |
| 6 | DLB | 1.42% | 97,372 | $5.8M |
| 7 | BRK.B | 1.42% | 12,265 | $5.9M |
| 8 | KO | 1.41% | 76,549 | $5.8M |
| 9 | ADI | 1.41% | 18,255 | $5.8M |
| 10 | NVDA | 1.41% | 33,412 | $5.8M |
| 11 | COST | 1.40% | 5,786 | $5.8M |
| 12 | MSFT | 1.40% | 15,632 | $5.8M |
| 13 | AAPL | 1.40% | 22,690 | $5.8M |
| 14 | L | 1.38% | 53,507 | $5.7M |
| 15 | ENSG | 1.38% | 28,304 | $5.7M |
2026-05-21
15 holdings · 21.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRUS | 1.50% | 42,934 | $6.2M |
| 2 | ROST | 1.46% | 27,898 | $6.0M |
| 3 | TJX | 1.44% | 37,163 | $5.9M |
| 4 | DLB | 1.42% | 97,372 | $5.8M |
| 5 | TXN | 1.42% | 30,091 | $5.8M |
| 6 | JNJ | 1.42% | 23,904 | $5.8M |
| 7 | BRK.B | 1.42% | 12,265 | $5.9M |
| 8 | ADI | 1.41% | 18,255 | $5.8M |
| 9 | NVDA | 1.41% | 33,412 | $5.8M |
| 10 | KO | 1.41% | 76,549 | $5.8M |
| 11 | MSFT | 1.40% | 15,632 | $5.8M |
| 12 | AAPL | 1.40% | 22,690 | $5.8M |
| 13 | COST | 1.40% | 5,786 | $5.8M |
| 14 | CVX | 1.38% | 27,534 | $5.7M |
| 15 | L | 1.38% | 53,507 | $5.7M |
2026-05-20
15 holdings · 21.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRUS | 1.50% | 42,934 | $6.2M |
| 2 | ROST | 1.46% | 27,898 | $6.0M |
| 3 | TJX | 1.44% | 37,163 | $5.9M |
| 4 | DLB | 1.42% | 97,372 | $5.8M |
| 5 | TXN | 1.42% | 30,091 | $5.8M |
| 6 | JNJ | 1.42% | 23,904 | $5.8M |
| 7 | BRK.B | 1.42% | 12,265 | $5.9M |
| 8 | ADI | 1.41% | 18,255 | $5.8M |
| 9 | NVDA | 1.41% | 33,412 | $5.8M |
| 10 | KO | 1.41% | 76,549 | $5.8M |
| 11 | COST | 1.40% | 5,786 | $5.8M |
| 12 | MSFT | 1.40% | 15,632 | $5.8M |
| 13 | AAPL | 1.40% | 22,690 | $5.8M |
| 14 | TRMB | 1.38% | 87,364 | $5.7M |
| 15 | L | 1.38% | 53,507 | $5.7M |
2026-05-19
15 holdings · 21.3% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | CRUS | 1.50% | 42,934 | $6.2M |
| 2 | ROST | 1.46% | 27,898 | $6.0M |
| 3 | TJX | 1.44% | 37,163 | $5.9M |
| 4 | BRK.B | 1.42% | 12,265 | $5.9M |
| 5 | TXN | 1.42% | 30,091 | $5.8M |
| 6 | JNJ | 1.42% | 23,904 | $5.8M |
| 7 | DLB | 1.42% | 97,372 | $5.8M |
| 8 | ADI | 1.41% | 18,255 | $5.8M |
| 9 | NVDA | 1.41% | 33,412 | $5.8M |
| 10 | KO | 1.41% | 76,549 | $5.8M |
| 11 | AAPL | 1.40% | 22,690 | $5.8M |
| 12 | MSFT | 1.40% | 15,632 | $5.8M |
| 13 | COST | 1.40% | 5,786 | $5.8M |
| 14 | TRMB | 1.38% | 87,364 | $5.7M |
| 15 | L | 1.38% | 53,507 | $5.7M |
Source: 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 VFMV 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 VFMV’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.