How concentrated is it

Concentration (HHI) is low at 225, with the top 10 holdings at just 32.0% 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, Health Care alone is 86% — 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

Even its closest peer, ABFL, overlaps only 12% (3 shared names).

Funds filed under the same label can hold quite different companies, so pairing this one with another may genuinely spread risk.

What it is made of

The fund holds 89 positions in total; this page lists the largest 16 and folds the rest into "Others".

Equities are 78.1% 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 0.5% 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.