TIGER 미국필라델피아반도체레버리지(합성) (423920) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
Fund overview
This is a Korea-listed ETF from 미래에셋자산운용. It tracks the PHLX Semiconductor 2.0x Daily Leveraged Index. Key facts — expense ratio 0.58%; net assets about KRW 469.3B; inception 2022-04-19. Its 1-year return is +80.75%.
Fund details
Fund overview
This is a Korea-listed ETF from 미래에셋자산운용. It tracks the PHLX Semiconductor 2.0x Daily Leveraged Index. Key facts — expense ratio 0.58%; net assets about KRW 469.3B; inception 2022-04-19. Its 1-year return is +80.75%.
30 identified stocks · net exposure / NAV 17.69%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Underlying allocation is estimated using SOXX (2026-10-19). Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
30 identified stocks · net exposure / NAV 17.69%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Underlying allocation is estimated using SOXX (2026-10-19). Cash and unallocated contracts are excluded from stock attribution.
Investor net buying
Latest-session net buying by foreigners, institutions and retail (positive = net buy, negative = net sell).
| Date | Change | Foreign | Inst. | Retail |
|---|---|---|---|---|
| 10/20 | -5.08% | −744 sh | −1.8K sh | +1.1K sh |
| 10/19 | -2.83% | +612 sh | −24.1K sh | +21.9K sh |
| 10/16 | -1.11% | +2.1K sh | −28.3K sh | +25.7K sh |
| 10/15 | -9.34% | −1.8K sh | −2.1K sh | +3.6K sh |
| 10/14 | +0.82% | −1.3K sh | −9.4K sh | +10.6K sh |
Investor flows
Investor net buying
Latest-session net buying by foreigners, institutions and retail (positive = net buy, negative = net sell).
| Date | Change | Foreign | Inst. | Retail |
|---|---|---|---|---|
| 10/20 | -5.08% | −744 sh | −1.8K sh | +1.1K sh |
| 10/19 | -2.83% | +612 sh | −24.1K sh | +21.9K sh |
| 10/16 | -1.11% | +2.1K sh | −28.3K sh | +25.7K sh |
| 10/15 | -9.34% | −1.8K sh | −2.1K sh | +3.6K sh |
| 10/14 | +0.82% | −1.3K sh | −9.4K sh | +10.6K sh |
We have this ETF's holdings, but the prices for those particular listings are outside our quote coverage (currently Korea- and US-listed securities). So today's contribution and return are not computed — showing 0% would claim it did not move, which is a different statement. The holdings and weights below follow the calculation basis above.
Today's summary
Its top 10 holdings make up about 61.7% of the fund. The concentration index (HHI) is 517 — Low — evenly diversified, and the largest sector is Information Technology (100%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (517), so no single holding dominates.
Information Technology alone is 100%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
0.58% a year is on the high side — about 5.8% over a decade, so it needs a reason to earn that.
Net assets of KRW 469.3B — liquid enough to trade, and unlikely to be wound down.
A 2x leveraged fund. It resets exposure daily, so over more than a few days the result drifts from "index move × 2". Built for short holds.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Concentration is below 1,500 (517), so no single holding dominates.
Information Technology alone is 100%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
0.58% a year is on the high side — about 5.8% over a decade, so it needs a reason to earn that.
Net assets of KRW 469.3B — liquid enough to trade, and unlikely to be wound down.
A 2x leveraged fund. It resets exposure daily, so over more than a few days the result drifts from "index move × 2". Built for short holds.
Top 20 holdings
6 derivative positions are excluded. Stock contributions do not explain the entire ETF return.
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | ADVANCED MICRO DEVICESAMD | 9.26% |
| 2 | INTELINTC | 8.33% |
| 3 | NVIDIANVDA | 7.96% |
| 4 | MICRON TECHNOLOGYMU | 7.65% |
| 5 | BROADCOMAVGO | 7.31% |
| 6 | MARVELL TECHNOLOGYMRVL | 4.53% |
| 7 | ANALOG DEVICESADI | 4.40% |
| 8 | TEXAS INSTRUMENTTXN | 4.28% |
| 9 | QUALCOMMQCOM | 4.12% |
| 10 | KLAKLAC | 3.84% |
| 11 | LAM RESEARCHLRCX | 3.65% |
| 12 | APPLIED MATERIALAMAT | 3.65% |
| 13 | MONOLITHIC POWER SYSTEMSMPWR | 3.32% |
| 14 | NXP SEMICONDUCTORSNXPI | 3.24% |
| 15 | TAIWAN SEMICONDUCTOR MANUFACTURINGTSM | 3.13% |
| 16 | TERADYNETER | 2.91% |
| 17 | SK HYNIX AMERICAN DEPOSITARY SHARESKHY | 2.69% |
| 18 | ASTERA LABSALAB | 2.28% |
| 19 | MICROCHIP TECHNOLOGYMCHP | 2.22% |
| 20 | CREDO TECHNOLOGYCRDO | 1.63% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
Industry breakdown
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
Leverage / inverse caveat
This fund tracks its index at 2x.
That 2x applies to a **single day**. Held longer, the daily reset makes the period return drift from 2x the index: if the index chops up and down and returns to where it started, this fund is still down. That is volatility decay.
It bites hardest in sideways markets and compounds with holding time. These are built for short directional trades.
How concentrated is it
Concentration (HHI) is low at 517, with the top 10 holdings at just 61.7% of equity weight. No single name can dominate the fund.
Good for damping single-stock risk — and equally, a big winner inside gets diluted.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
By sector, Information Technology alone is 100% — whatever the fund is called, this is a bet on that industry.
Bad news for the sector moves the whole fund. Worth checking against anything else you hold in the same space.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
Its closest neighbour is 491630 at 112% overlap — effectively the same basket.
Holding both is not diversification, it is buying the same companies twice. Pick whichever is cheaper.
What it is made of
Equities are 17.7% of the fund, the rest swaps and cash — index exposure built synthetically rather than by owning the shares, which adds counterparty risk.
The expense ratio is 0.58% a year, which is not cheap. Fees come out of returns every year you hold, so it is worth checking whether the same index is available for less.
This page is not investment advice. Investment decisions and responsibility are your own.
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