VFQY(VFQY)
AI Look-Through Summary
AI GeneratedThe portfolio's sector allocation exhibits a moderate level of diversification, with no single sector dominating the overall composition. However, it does lean towards growth-oriented sectors such as Technology and Industrials, which comprise approximately 31.5% of the fund. The remaining sectors, including Financial Services, Consumer Cyclical, Consumer Defensive, and Other, collectively account for around 68.5%. Geographically, the data does not provide any insight into the portfolio's geographic exposure.
The top holdings reveal a significant concentration in technology stocks, with five out of the ten largest positions belonging to this sector. The presence of companies like FTNT, KLAC, LRCX, and QCOM suggests that the fund has a bias towards semiconductor and chip manufacturing names. In comparison to the broader market, the portfolio's sector mix appears to be skewed more heavily towards Technology and Industrials. A favorable macro environment for this portfolio would likely involve sustained growth in technology spending and investments, while an unfavorable scenario could arise from economic downturns or reduced consumer spending.
Generated by Qwen-32B from constituent-level data. Not investment advice. Updated: 2026-07-14 09:59:32.444281+00
🔍 Theme Alignment Audit
AI GeneratedPurity: 45/100The investment theme implied by the ticker VFQY, which typically denotes a focus on quality large-cap growth or value stocks rather than a specific sectoral strategy like technology or healthcare, is partially reflected in the portfolio's composition. While the top holdings include established leaders across various industries such as Apple and Adobe within Technology, alongside giants like PepsiCo and Costco from Consumer Defensive sectors, the fund does not appear to strictly adhere to a single thematic narrative often associated with "quality" labels unless defined broadly by market capitalization and profitability metrics rather than industry exposure. The presence of significant weightings in Financial Services and Industrials suggests that the selection criteria prioritize financial strength over sector-specific trends, meaning any investor expecting a pure-play on emerging technologies or healthcare innovation may find the actual holdings diverge from those specific thematic expectations found in other funds with similar names.
Sector coherence presents a mixed picture where no single industry dominates to the extent of creating a distinct niche strategy separate from broad market indices. Although Technology represents nearly one-fifth of assets, the substantial allocations to Financial Services and Industrials indicate that the fund captures value across the entire economy rather than isolating itself within a vertical. This diversification results in a sector breakdown that closely mirrors the structure of large-cap benchmarks, suggesting the fund's primary differentiation lies in its specific stock selection methodology regarding quality attributes rather than thematic exposure. With a top-ten concentration of just 16.2%, the portfolio avoids extreme reliance on mega-caps while maintaining broad representation across nine sectors, reinforcing an approach designed to mimic general market performance through rigorous fundamental screening instead of pursuing concentrated sectoral bets or narrow investment themes.
AI analysis of holdings alignment vs fund theme. Not investment advice. Updated: 2026-05-21 10:13:37.467992+00
🏢 Sector Analysis
AI GeneratedThe sector allocation of VFQY reveals a distinct tilt toward technology and industrials, which together account for over 31% of the portfolio. This heavy weighting in these two sectors suggests an investment thesis centered on capital goods exposure rather than pure software or consumer discretionary growth, as evidenced by the significant presence of industrial holdings alongside major semiconductor equipment manufacturers like KLAC and LRCX within the top five positions. The fund maintains a relatively light stance on communication services at just 2.1%, indicating that its strategy does not rely heavily on media conglomerates or telecom giants often found in broader technology indices. Instead, the portfolio appears to target companies deeply involved in the manufacturing of capital equipment and digital infrastructure components, creating a unique blend where industrial production intersects with advanced technological capabilities.
Concentration risk is notably mitigated by a top-10 holding concentration of only 16.2%, which implies a deliberate effort to distribute exposure across a wide array of constituents rather than banking on mega-cap winners alone. This dispersion strategy is further supported by the high number of holdings within each sector, such as 43 in financial services and 41 in industrials, suggesting that the fund aims for broad representation even within its primary thematic areas. While technology remains the largest single sector at 19.4%, the diversification across other categories like consumer defensives and healthcare ensures that no single industry driver can disproportionately dictate overall performance. The data indicates a structured approach to balancing growth-oriented industrial-technology firms with more stable sectors, potentially smoothing volatility while maintaining an aggressive stance on capital goods innovation without over-relying on any specific mega-cap entity.
AI-generated sector analysis from constituent-level data. Not investment advice. Updated: 2026-05-21 07:59:44.664127+00
Flow Driver Analysis
2-Step CircleWhich larger ETFs share VFQY's holdings — and mechanically drive its price through index rebalancing flows?
Approximately 100% of VFQY's weight flows through these larger ETFs
| Driver ETF | AUM | Expense | Shared Stocks | Weight Overlap |
|---|---|---|---|---|
| SPTMSPTM | $12B | — | 285 | 87.2% |
| ONEOONEO | $25M | — | 180 | 77.1% |
| ESGVESGV | $11B | — | 115 | 59.6% |
| SPLGSPLG | $97B | — | 103 | 57.7% |
| SPYState Street SPDR S&P 500 ETF Trust | $640B | 0.09% | 102 | 56.6% |
87% of VFQY'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 VFQY's NAV along regardless of any thematic or sector catalyst. Combined, the top 5 overlapping ETFs control exposure to 100% ofVFQY'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 82% 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 84% 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 VFQY collectively pay out 36% 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 51% 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
ProprietaryVFQY is up 19.1% over the last 12 months. The underlying weighted earnings growth of its constituents is +16.8%. The remaining +2.3% 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 81% of fund weight with earnings data. Not investment advice.
Value Creation Map
ROIC vs WACCWhat percentage of VFQY's weight is allocated to companies that create economic value (ROIC > WACC) vs. destroy it?
Of VFQY's analyzed weight, 85% is invested in companies earning more than their cost of capital — genuine value creators. The remaining 15% consists of companies whose ROIC falls below their WACC, effectively destroying shareholder value with every dollar invested.
ROIC-WACC spread for 62% 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.
VFQY has a Passive Crowding Score of 39/100. On average, 11.8% of the market capitalization of VFQY'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 34 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 | FTNT | Fortinet Inc. Technology | 1.77% | 62.4x | 6/9 |
| 2 | KLAC | KLA Corp. Technology | 1.72% | 62.0x | 8/9 |
| 3 | LRCX | Lam Research Corp. Technology | 1.71% | 60.6x | 7/9 |
| 4 | ADBE | Adobe Inc. Technology | 1.68% | 13.5x | 7/9 |
| 5 | AAPL | Apple Inc. Technology | 1.64% | 40.3x | 8/9 |
| 6 | COST | Costco Wholesale Corp. Consumer Defensive | 1.64% | 47.6x | 6/9 |
| 7 | ADSK | Autodesk Inc. Technology | 1.61% | 31.6x | 7/9 |
| 8 | PEP | PepsiCo Inc. Consumer Defensive | 1.55% | 18.3x | 4/9 |
| 9 | QCOM | QUALCOMM Inc. Technology | 1.55% | 18.4x | 6/9 |
| 10 | NFLX | Netflix Inc. Communication Services | 1.38% | 23.4x | 6/9 |
| 11 | ABNB | Airbnb Inc. Class A Consumer Cyclical | 1.37% | 36.5x | 5/9 |
| 12 | CTAS | Cintas Corp. Industrials | 1.35% | 41.6x | — |
| 13 | TT | Trane Technologies plc Industrials | 1.35% | 36.2x | 9/9 |
| 14 | V | Visa Inc. Class A Financial Services | 1.28% | 31.8x | 6/9 |
| 15 | LLY | Eli Lilly & Co. Healthcare | 1.23% | 41.5x | 7/9 |
Historical Holdings Snapshots
Browse how VFQY’s holdings have changed across SEC filing dates. Showing top holdings per snapshot.
2026-07-19
15 holdings · 22.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | FTNT | 1.77% | 89,489 | $7.3M |
| 2 | KLAC | 1.72% | 4,842 | $7.1M |
| 3 | LRCX | 1.71% | 33,020 | $7.1M |
| 4 | ADBE | 1.68% | 28,503 | $6.9M |
| 5 | COST | 1.64% | 6,795 | $6.8M |
| 6 | AAPL | 1.64% | 26,774 | $6.8M |
| 7 | ADSK | 1.61% | 27,823 | $6.7M |
| 8 | PEP | 1.55% | 41,249 | $6.4M |
| 9 | QCOM | 1.55% | 49,657 | $6.4M |
| 10 | NFLX | 1.38% | 59,282 | $5.7M |
| 11 | ABNB | 1.37% | 44,706 | $5.6M |
| 12 | CTAS | 1.35% | 33,101 | $5.6M |
| 13 | TT | 1.35% | 13,366 | $5.6M |
| 14 | V | 1.28% | 17,452 | $5.3M |
| 15 | LLY | 1.23% | 5,519 | $5.1M |
2026-07-18
15 holdings · 22.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | FTNT | 1.77% | 89,489 | $7.3M |
| 2 | KLAC | 1.72% | 4,842 | $7.1M |
| 3 | LRCX | 1.71% | 33,020 | $7.1M |
| 4 | ADBE | 1.68% | 28,503 | $6.9M |
| 5 | AAPL | 1.64% | 26,774 | $6.8M |
| 6 | COST | 1.64% | 6,795 | $6.8M |
| 7 | ADSK | 1.61% | 27,823 | $6.7M |
| 8 | QCOM | 1.55% | 49,657 | $6.4M |
| 9 | PEP | 1.55% | 41,249 | $6.4M |
| 10 | NFLX | 1.38% | 59,282 | $5.7M |
| 11 | ABNB | 1.37% | 44,706 | $5.6M |
| 12 | CTAS | 1.35% | 33,101 | $5.6M |
| 13 | TT | 1.35% | 13,366 | $5.6M |
| 14 | V | 1.28% | 17,452 | $5.3M |
| 15 | LLY | 1.23% | 5,519 | $5.1M |
2026-07-17
15 holdings · 22.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | FTNT | 1.77% | 89,489 | $7.3M |
| 2 | KLAC | 1.72% | 4,842 | $7.1M |
| 3 | LRCX | 1.71% | 33,020 | $7.1M |
| 4 | ADBE | 1.68% | 28,503 | $6.9M |
| 5 | COST | 1.64% | 6,795 | $6.8M |
| 6 | AAPL | 1.64% | 26,774 | $6.8M |
| 7 | ADSK | 1.61% | 27,823 | $6.7M |
| 8 | PEP | 1.55% | 41,249 | $6.4M |
| 9 | QCOM | 1.55% | 49,657 | $6.4M |
| 10 | NFLX | 1.38% | 59,282 | $5.7M |
| 11 | ABNB | 1.37% | 44,706 | $5.6M |
| 12 | CTAS | 1.35% | 33,101 | $5.6M |
| 13 | TT | 1.35% | 13,366 | $5.6M |
| 14 | V | 1.28% | 17,452 | $5.3M |
| 15 | LLY | 1.23% | 5,519 | $5.1M |
2026-07-16
15 holdings · 22.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | FTNT | 1.77% | 89,489 | $7.3M |
| 2 | KLAC | 1.72% | 4,842 | $7.1M |
| 3 | LRCX | 1.71% | 33,020 | $7.1M |
| 4 | ADBE | 1.68% | 28,503 | $6.9M |
| 5 | AAPL | 1.64% | 26,774 | $6.8M |
| 6 | COST | 1.64% | 6,795 | $6.8M |
| 7 | ADSK | 1.61% | 27,823 | $6.7M |
| 8 | PEP | 1.55% | 41,249 | $6.4M |
| 9 | QCOM | 1.55% | 49,657 | $6.4M |
| 10 | NFLX | 1.38% | 59,282 | $5.7M |
| 11 | ABNB | 1.37% | 44,706 | $5.6M |
| 12 | CTAS | 1.35% | 33,101 | $5.6M |
| 13 | TT | 1.35% | 13,366 | $5.6M |
| 14 | V | 1.28% | 17,452 | $5.3M |
| 15 | LLY | 1.23% | 5,519 | $5.1M |
2026-07-15
15 holdings · 22.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | FTNT | 1.77% | 89,489 | $7.3M |
| 2 | KLAC | 1.72% | 4,842 | $7.1M |
| 3 | LRCX | 1.71% | 33,020 | $7.1M |
| 4 | ADBE | 1.68% | 28,503 | $6.9M |
| 5 | COST | 1.64% | 6,795 | $6.8M |
| 6 | AAPL | 1.64% | 26,774 | $6.8M |
| 7 | ADSK | 1.61% | 27,823 | $6.7M |
| 8 | QCOM | 1.55% | 49,657 | $6.4M |
| 9 | PEP | 1.55% | 41,249 | $6.4M |
| 10 | NFLX | 1.38% | 59,282 | $5.7M |
| 11 | ABNB | 1.37% | 44,706 | $5.6M |
| 12 | TT | 1.35% | 13,366 | $5.6M |
| 13 | CTAS | 1.35% | 33,101 | $5.6M |
| 14 | V | 1.28% | 17,452 | $5.3M |
| 15 | LLY | 1.23% | 5,519 | $5.1M |
2026-07-14
15 holdings · 22.8% tracked weight| # | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|
| 1 | FTNT | 1.77% | 89,489 | $7.3M |
| 2 | KLAC | 1.72% | 4,842 | $7.1M |
| 3 | LRCX | 1.71% | 33,020 | $7.1M |
| 4 | ADBE | 1.68% | 28,503 | $6.9M |
| 5 | AAPL | 1.64% | 26,774 | $6.8M |
| 6 | COST | 1.64% | 6,795 | $6.8M |
| 7 | ADSK | 1.61% | 27,823 | $6.7M |
| 8 | PEP | 1.55% | 41,249 | $6.4M |
| 9 | QCOM | 1.55% | 49,657 | $6.4M |
| 10 | NFLX | 1.38% | 59,282 | $5.7M |
| 11 | ABNB | 1.37% | 44,706 | $5.6M |
| 12 | CTAS | 1.35% | 33,101 | $5.6M |
| 13 | TT | 1.35% | 13,366 | $5.6M |
| 14 | V | 1.28% | 17,452 | $5.3M |
| 15 | LLY | 1.23% | 5,519 | $5.1M |
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 VFQY 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 VFQY’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.