How concentrated is it

Concentration (HHI) is low at 457, with the top 10 holdings at just 36.8% 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

Sectors run Unclassified(23%) · Consumer Staples(17%) · Financials(16%), and even the largest is only 23% — no meaningful industry tilt.

This is built to track a market rather than to call a sector.

Weights above sum the individually listed equities and normalize that equity total to 100%.

How much it overlaps others

Even its closest peer, ACSI, overlaps only 19% (5 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 38 positions in total; this page lists the largest 12 and folds the rest into "Others".

Equities are 57.0% 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 0.85% 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.