{
 "ok": true,
 "schema": "pops4.edgar.etf/1",
 "ticker": "XLF",
 "actuarial": {
  "top10Weight": 57.6,
  "effectiveHoldings": 20.6,
  "largestSector": {
   "name": "Financials",
   "shareOfChecked": 80.8
  },
  "sectorMix": [
   {
    "name": "Financials",
    "weight": 77.5,
    "shareOfChecked": 80.8
   },
   {
    "name": "Industrials & services",
    "weight": 17.6,
    "shareOfChecked": 18.4
   },
   {
    "name": "Technology & communications",
    "weight": 0.8,
    "shareOfChecked": 0.8
   }
  ],
  "revenueRange": {
   "weightedHalfWidth": 15.4,
   "coverage": 11.2,
   "meaning": "weighted average half-width of Edgarette’s 80% revenue ranges (method v4.1, tested on an unseen year) for the holdings she covers; wider = harder to predict"
  },
  "warningShare": 2.3,
  "checkedShare": 95.9,
  "speedCash": {
   "coverage": 83.2,
   "cashConversion": 13.3,
   "growth3y": 10.8,
   "dividendPayers": 72.9,
   "dividendRaisers": 69.4,
   "equityRatio": 24.9,
   "liabilitiesOverAssets": 0.6,
   "quadrants": {
    "fs": 32.8,
    "ss": 7.9,
    "fj": 56,
    "sj": 3.4
   },
   "compass": {
    "now": 28.9,
    "later": 42.1,
    "notyet": 14.9,
    "steady": 0,
    "fading": 2.1,
    "between": 11.9
   },
   "meaning": "weighted by the fund’s holdings, from each company’s own audited filings (SEC XBRL, fiscal 2025); shares are of the covered weight"
  },
  "harbor": {
   "signs": [],
   "rule": "Boat condition = number of warning signs: warning filings ≥ 5% of the fund; liabilities over assets ≥ 10%; slow and jumpy ≥ 30%; top 10 ≥ 60%; revenue ranges ≥ ±20%.",
   "level": 0,
   "name": "New ship",
   "plain": "no warning signs"
  }
 },
 "risks": [
  "Concentrated: the 10 largest holdings are 57.6% of the fund.",
  "Behaves like about 21 equal holdings (effective number), so a few companies drive the result.",
  "Sector concentration: 80.8% of the checked holdings are Financials.",
  "Holdings are as of 2026-06-30; the fund may have changed since."
 ],
 "fund": "State Street(R) Financial Select Sector SPDR(R) ETF",
 "trust": "SELECT SECTOR SPDR TRUST",
 "asOf": "2026-06-30",
 "filed": "2026-08-28",
 "source": {
  "holdingsReport": "https://www.sec.gov/Archives/edgar/data/1064641/000141036826089671/0001410368-26-089671-index.htm",
  "form": "N-PORT-P"
 },
 "holdings": {
  "all": 81,
  "stocks": 76,
  "stockWeight": 99.8,
  "matchedWeight": 95.9
 },
 "healthWatch": {
  "checked": {
   "holdings": 71,
   "weight": 95.9,
   "rule": "the 100 largest stock holdings matched to an SEC filer"
  },
  "flaggedWeight": 2.3,
  "flaggedMeaning": "share of the fund in checked holdings that filed a late-filing notice, bankruptcy, debt trigger, non-reliance, auditor change, restructuring, impairment or cyber incident in the last 12 months (leadership changes and listing notices or transfers are listed but not counted)",
  "bySignal": [
   {
    "code": "5.02",
    "label": "Director or officer change",
    "holdings": 61,
    "weight": 87.5
   },
   {
    "code": "2.05",
    "label": "Restructuring or exit costs",
    "holdings": 4,
    "weight": 2.3
   },
   {
    "code": "3.01",
    "label": "Exchange listing notice or transfer",
    "holdings": 2,
    "weight": 1
   }
  ]
 },
 "top": [
  {
   "name": "Berkshire Hathaway Inc",
   "cik": 1067983,
   "ticker": "BRK-B",
   "pct": 12.083,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-05-07",
      "url": "https://www.sec.gov/Archives/edgar/data/1067983/000119312526212148/0001193125-26-212148-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "JPMorgan Chase & Co",
   "cik": 19617,
   "ticker": "JPM",
   "pct": 11.552,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-06-25",
      "url": "https://www.sec.gov/Archives/edgar/data/19617/000001961726000241/0000019617-26-000241-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "notyet"
  },
  {
   "name": "Visa Inc",
   "cik": 1403161,
   "ticker": "V",
   "pct": 7.5,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-09-29",
      "url": "https://www.sec.gov/Archives/edgar/data/1403161/000140316125000064/0001403161-25-000064-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Mastercard Inc",
   "cik": 1141391,
   "ticker": "MA",
   "pct": 5.458,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-06-02",
      "url": "https://www.sec.gov/Archives/edgar/data/1141391/000114139126000037/0001141391-26-000037-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Bank of America Corp",
   "cik": 70858,
   "ticker": "BAC",
   "pct": 4.9,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-11-26",
      "url": "https://www.sec.gov/Archives/edgar/data/70858/000119312525300649/0001193125-25-300649-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "between"
  },
  {
   "name": "Goldman Sachs Group Inc/The",
   "cik": 886982,
   "ticker": "GS",
   "pct": 3.929,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-03-13",
      "url": "https://www.sec.gov/Archives/edgar/data/886982/000119312526105328/0001193125-26-105328-index.htm"
     }
    }
   ],
   "sector": "Financials"
  },
  {
   "name": "Wells Fargo & Co",
   "cik": 72971,
   "ticker": "WFC",
   "pct": 3.331,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-09-23",
      "url": "https://www.sec.gov/Archives/edgar/data/72971/000007297126000308/0000072971-26-000308-index.htm"
     }
    }
   ],
   "sector": "Financials"
  },
  {
   "name": "Morgan Stanley",
   "cik": 895421,
   "ticker": "MS",
   "pct": 3.301,
   "signals": [],
   "sector": "Financials"
  },
  {
   "name": "Citigroup Inc",
   "cik": 831001,
   "ticker": "C",
   "pct": 3.144,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-05-21",
      "url": "https://www.sec.gov/Archives/edgar/data/831001/000110465926065155/0001104659-26-065155-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "ss",
   "compass": "between"
  },
  {
   "name": "American Express Co",
   "cik": 4962,
   "ticker": "AXP",
   "pct": 2.371,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-09-29",
      "url": "https://www.sec.gov/Archives/edgar/data/4962/000000496225000177/0000004962-25-000177-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 17.9,
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Charles Schwab Corp/The",
   "cik": null,
   "ticker": null,
   "pct": 1.987
  },
  {
   "name": "Blackrock Inc",
   "cik": 2012383,
   "ticker": "BLK",
   "pct": 1.828,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-01-27",
      "url": "https://www.sec.gov/Archives/edgar/data/2012383/000119312526024549/0001193125-26-024549-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Progressive Corp/The",
   "cik": 80661,
   "ticker": "PGR",
   "pct": 1.681,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-06-17",
      "url": "https://www.sec.gov/Archives/edgar/data/80661/000008066126000210/0000080661-26-000210-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Capital One Financial Corp",
   "cik": 927628,
   "ticker": "COF",
   "pct": 1.644,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-04-07",
      "url": "https://www.sec.gov/Archives/edgar/data/927628/000119312526145764/0001193125-26-145764-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 16.5,
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "S&P Global Inc",
   "cik": 64040,
   "ticker": "SPGI",
   "pct": 1.626,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-07-06",
      "url": "https://www.sec.gov/Archives/edgar/data/64040/000110465926080751/0001104659-26-080751-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Chubb Ltd",
   "cik": 896159,
   "ticker": "CB",
   "pct": 1.619,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-05-22",
      "url": "https://www.sec.gov/Archives/edgar/data/896159/000110465926065709/0001104659-26-065709-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Bank of New York Mellon Corp/The",
   "cik": 1390777,
   "ticker": "BNY",
   "pct": 1.307,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-08-13",
      "url": "https://www.sec.gov/Archives/edgar/data/1390777/000119312526349341/0001193125-26-349341-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 6.6,
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "PNC Financial Services Group Inc/The",
   "cik": 713676,
   "ticker": "PNC",
   "pct": 1.302,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-04-24",
      "url": "https://www.sec.gov/Archives/edgar/data/713676/000071367626000031/0000713676-26-000031-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "US Bancorp",
   "cik": null,
   "ticker": null,
   "pct": 1.235
  },
  {
   "name": "Blackstone Inc",
   "cik": 1393818,
   "ticker": "BX",
   "pct": 1.151,
   "signals": [],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Marsh & McLennan Cos Inc",
   "cik": 62709,
   "ticker": "MRSH",
   "pct": 1.058,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-04-14",
      "url": "https://www.sec.gov/Archives/edgar/data/62709/000095010326005674/0000950103-26-005674-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "CME Group Inc",
   "cik": 1156375,
   "ticker": "CME",
   "pct": 1.054,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-09-09",
      "url": "https://www.sec.gov/Archives/edgar/data/1156375/000119312526386091/0001193125-26-386091-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 8.6,
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Robinhood Markets Inc",
   "cik": 1783879,
   "ticker": "HOOD",
   "pct": 1.045,
   "signals": [
    {
     "code": "2.05",
     "label": "Restructuring or exit costs",
     "count": 1,
     "latest": {
      "filed": "2026-06-16",
      "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000071/0001783879-26-000071-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-06-26",
      "url": "https://www.sec.gov/Archives/edgar/data/1783879/000178387926000083/0001783879-26-000083-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Aon PLC",
   "cik": 315293,
   "ticker": "AON",
   "pct": 0.933,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-08-17",
      "url": "https://www.sec.gov/Archives/edgar/data/315293/000119312526354083/0001193125-26-354083-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 8.4,
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Travelers Cos Inc/The",
   "cik": 86312,
   "ticker": "TRV",
   "pct": 0.925,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-08-07",
      "url": "https://www.sec.gov/Archives/edgar/data/86312/000110465926092716/0001104659-26-092716-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Intercontinental Exchange Inc",
   "cik": 1571949,
   "ticker": "ICE",
   "pct": 0.917,
   "signals": [],
   "sector": "Financials",
   "rangeHalfWidth": 8.8,
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Moody's Corp",
   "cik": 1059556,
   "ticker": "MCO",
   "pct": 0.896,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-08-12",
      "url": "https://www.sec.gov/Archives/edgar/data/1059556/000105955626000038/0001059556-26-000038-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "KKR & Co Inc",
   "cik": 1404912,
   "ticker": "KKR",
   "pct": 0.836,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-05-29",
      "url": "https://www.sec.gov/Archives/edgar/data/1404912/000114036126023322/0001140361-26-023322-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "notyet"
  },
  {
   "name": "Truist Financial Corp",
   "cik": 92230,
   "ticker": "TFC",
   "pct": 0.818,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-06-15",
      "url": "https://www.sec.gov/Archives/edgar/data/92230/000119312526270320/0001193125-26-270320-index.htm"
     }
    }
   ],
   "sector": "Financials"
  },
  {
   "name": "Allstate Corp/The",
   "cik": 899051,
   "ticker": "ALL",
   "pct": 0.807,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-07-14",
      "url": "https://www.sec.gov/Archives/edgar/data/899051/000089905126000109/0000899051-26-000109-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 17.9,
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Arthur J Gallagher & Co",
   "cik": 354190,
   "ticker": "AJG",
   "pct": 0.777,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-08-27",
      "url": "https://www.sec.gov/Archives/edgar/data/354190/000035419026000197/0000354190-26-000197-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Apollo Global Management Inc",
   "cik": 1858681,
   "ticker": "APO",
   "pct": 0.719,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2025-12-12",
      "url": "https://www.sec.gov/Archives/edgar/data/1858681/000095014225003177/0000950142-25-003177-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Aflac Inc",
   "cik": 4977,
   "ticker": "AFL",
   "pct": 0.707,
   "signals": [],
   "sector": "Financials",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Fifth Third Bancorp",
   "cik": 35527,
   "ticker": "FITB",
   "pct": 0.673,
   "signals": [
    {
     "code": "3.01",
     "label": "Exchange listing notice or transfer",
     "count": 1,
     "latest": {
      "filed": "2026-06-03",
      "url": "https://www.sec.gov/Archives/edgar/data/35527/000119312526255417/0001193125-26-255417-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-04-24",
      "url": "https://www.sec.gov/Archives/edgar/data/35527/000003552726000172/0000035527-26-000172-index.htm"
     }
    }
   ],
   "sector": "Financials"
  },
  {
   "name": "State Street Corp",
   "cik": 93751,
   "ticker": "STT",
   "pct": 0.618,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-09-14",
      "url": "https://www.sec.gov/Archives/edgar/data/93751/000009375126000580/0000093751-26-000580-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "MetLife Inc",
   "cik": 1099219,
   "ticker": "MET",
   "pct": 0.602,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-02-24",
      "url": "https://www.sec.gov/Archives/edgar/data/1099219/000119312526067070/0001193125-26-067070-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Ameriprise Financial Inc",
   "cik": 820027,
   "ticker": "AMP",
   "pct": 0.543,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-05-20",
      "url": "https://www.sec.gov/Archives/edgar/data/820027/000110465926064493/0001104659-26-064493-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "MSCI Inc",
   "cik": 1408198,
   "ticker": "MSCI",
   "pct": 0.537,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-08-07",
      "url": "https://www.sec.gov/Archives/edgar/data/1408198/000140819826000049/0001408198-26-000049-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "fs",
   "compass": "later"
  },
  {
   "name": "Block Inc",
   "cik": 1512673,
   "ticker": "XYZ",
   "pct": 0.536,
   "signals": [
    {
     "code": "2.05",
     "label": "Restructuring or exit costs",
     "count": 1,
     "latest": {
      "filed": "2026-02-26",
      "url": "https://www.sec.gov/Archives/edgar/data/1512673/000119312526076557/0001193125-26-076557-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-06-05",
      "url": "https://www.sec.gov/Archives/edgar/data/1512673/000119312526259540/0001193125-26-259540-index.htm"
     }
    }
   ],
   "sector": "Technology & communications",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "American International Group Inc",
   "cik": 5272,
   "ticker": "AIG",
   "pct": 0.521,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 8,
     "latest": {
      "filed": "2026-09-16",
      "url": "https://www.sec.gov/Archives/edgar/data/5272/000000527226000091/0000005272-26-000091-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 25.1,
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Interactive Brokers Group Inc",
   "cik": 1381197,
   "ticker": "IBKR",
   "pct": 0.511,
   "signals": [],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "PayPal Holdings Inc",
   "cik": 1633917,
   "ticker": "PYPL",
   "pct": 0.502,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-05-21",
      "url": "https://www.sec.gov/Archives/edgar/data/1633917/000163391726000076/0001633917-26-000076-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Prudential Financial Inc",
   "cik": 1137774,
   "ticker": "PRU",
   "pct": 0.493,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 5,
     "latest": {
      "filed": "2026-03-10",
      "url": "https://www.sec.gov/Archives/edgar/data/1137774/000119312526100276/0001193125-26-100276-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Hartford Insurance Group Inc/The",
   "cik": 874766,
   "ticker": "HIG",
   "pct": 0.479,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-08-11",
      "url": "https://www.sec.gov/Archives/edgar/data/874766/000087476626000062/0000874766-26-000062-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Huntington Bancshares Inc/OH",
   "cik": 49196,
   "ticker": "HBAN",
   "pct": 0.473,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-09-24",
      "url": "https://www.sec.gov/Archives/edgar/data/49196/000004919626000081/0000049196-26-000081-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 10.3,
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Nasdaq Inc",
   "cik": 1120193,
   "ticker": "NDAQ",
   "pct": 0.464,
   "signals": [],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "M&T Bank Corp",
   "cik": 36270,
   "ticker": "MTB",
   "pct": 0.459,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-06-16",
      "url": "https://www.sec.gov/Archives/edgar/data/36270/000003627026000039/0000036270-26-000039-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "Arch Capital Group Ltd",
   "cik": 947484,
   "ticker": "ACGL",
   "pct": 0.445,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-06-03",
      "url": "https://www.sec.gov/Archives/edgar/data/947484/000094748426000094/0000947484-26-000094-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Coinbase Global Inc",
   "cik": 1679788,
   "ticker": "COIN",
   "pct": 0.428,
   "signals": [
    {
     "code": "2.05",
     "label": "Restructuring or exit costs",
     "count": 1,
     "latest": {
      "filed": "2026-05-05",
      "url": "https://www.sec.gov/Archives/edgar/data/1679788/000167978826000049/0001679788-26-000049-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-09-02",
      "url": "https://www.sec.gov/Archives/edgar/data/1679788/000167978826000101/0001679788-26-000101-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 62.5,
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Northern Trust Corp",
   "cik": 73124,
   "ticker": "NTRS",
   "pct": 0.424,
   "signals": [],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "between"
  },
  {
   "name": "Citizens Financial Group Inc",
   "cik": 759944,
   "ticker": "CFG",
   "pct": 0.39,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2025-10-07",
      "url": "https://www.sec.gov/Archives/edgar/data/759944/000075994425000135/0000759944-25-000135-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "sj",
   "compass": "between"
  },
  {
   "name": "Cincinnati Financial Corp",
   "cik": 20286,
   "ticker": "CINF",
   "pct": 0.377,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-06-22",
      "url": "https://www.sec.gov/Archives/edgar/data/20286/000002028626000038/0000020286-26-000038-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Raymond James Financial Inc",
   "cik": 720005,
   "ticker": "RJF",
   "pct": 0.347,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-09-01",
      "url": "https://www.sec.gov/Archives/edgar/data/720005/000072000526000075/0000720005-26-000075-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "later"
  },
  {
   "name": "Fiserv Inc",
   "cik": 798354,
   "ticker": "FISV",
   "pct": 0.345,
   "signals": [
    {
     "code": "3.01",
     "label": "Exchange listing notice or transfer",
     "count": 1,
     "latest": {
      "filed": "2025-10-29",
      "url": "https://www.sec.gov/Archives/edgar/data/798354/000119312525254670/0001193125-25-254670-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-09-22",
      "url": "https://www.sec.gov/Archives/edgar/data/798354/000119312526397250/0001193125-26-397250-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "rangeHalfWidth": 6.8,
   "quadrant": "fs",
   "compass": "between"
  },
  {
   "name": "Regions Financial Corp",
   "cik": 1281761,
   "ticker": "RF",
   "pct": 0.339,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-08-11",
      "url": "https://www.sec.gov/Archives/edgar/data/1281761/000128176126000060/0001281761-26-000060-index.htm"
     }
    }
   ],
   "sector": "Financials"
  },
  {
   "name": "Synchrony Financial",
   "cik": 1601712,
   "ticker": "SYF",
   "pct": 0.337,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-06-29",
      "url": "https://www.sec.gov/Archives/edgar/data/1601712/000160171226000027/0001601712-26-000027-index.htm"
     }
    }
   ],
   "sector": "Financials"
  },
  {
   "name": "Cboe Global Markets Inc",
   "cik": 1374310,
   "ticker": "CBOE",
   "pct": 0.335,
   "signals": [
    {
     "code": "2.05",
     "label": "Restructuring or exit costs",
     "count": 1,
     "latest": {
      "filed": "2026-05-01",
      "url": "https://www.sec.gov/Archives/edgar/data/1374310/000162828026029103/0001628280-26-029103-index.htm"
     }
    },
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-01-26",
      "url": "https://www.sec.gov/Archives/edgar/data/1374310/000110465926006416/0001104659-26-006416-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Willis Towers Watson PLC",
   "cik": 1140536,
   "ticker": "WTW",
   "pct": 0.325,
   "signals": [],
   "sector": "Financials",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "T Rowe Price Group Inc",
   "cik": null,
   "ticker": null,
   "pct": 0.321
  },
  {
   "name": "Ares Management Corp",
   "cik": 1176948,
   "ticker": "ARES",
   "pct": 0.309,
   "signals": [],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Corpay Inc",
   "cik": 1175454,
   "ticker": "CPAY",
   "pct": 0.287,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-07-24",
      "url": "https://www.sec.gov/Archives/edgar/data/1175454/000117545426000042/0001175454-26-000042-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "fs",
   "compass": "later"
  },
  {
   "name": "KeyCorp",
   "cik": 91576,
   "ticker": "KEY",
   "pct": 0.28,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-05-14",
      "url": "https://www.sec.gov/Archives/edgar/data/91576/000162828026035060/0001628280-26-035060-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "sj",
   "compass": "between"
  },
  {
   "name": "Principal Financial Group Inc",
   "cik": 1126328,
   "ticker": "PFG",
   "pct": 0.279,
   "signals": [],
   "sector": "Financials",
   "rangeHalfWidth": 20.5,
   "quadrant": "sj",
   "compass": "fading"
  },
  {
   "name": "W R Berkley Corp",
   "cik": null,
   "ticker": null,
   "pct": 0.273
  },
  {
   "name": "Fidelity National Information Services Inc",
   "cik": 1136893,
   "ticker": "FIS",
   "pct": 0.265,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-06-18",
      "url": "https://www.sec.gov/Archives/edgar/data/1136893/000119312526276051/0001193125-26-276051-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "ss"
  },
  {
   "name": "Loews Corp",
   "cik": 60086,
   "ticker": "L",
   "pct": 0.252,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2025-12-05",
      "url": "https://www.sec.gov/Archives/edgar/data/60086/000006008625000186/0000060086-25-000186-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Brown & Brown Inc",
   "cik": 79282,
   "ticker": "BRO",
   "pct": 0.246,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-08-10",
      "url": "https://www.sec.gov/Archives/edgar/data/79282/000119312526341162/0001193125-26-341162-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Global Payments Inc",
   "cik": 1123360,
   "ticker": "GPN",
   "pct": 0.222,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-02-18",
      "url": "https://www.sec.gov/Archives/edgar/data/1123360/000112336026000004/0001123360-26-000004-index.htm"
     }
    }
   ],
   "sector": "Industrials & services",
   "quadrant": "sj",
   "compass": "between"
  },
  {
   "name": "Everest Group Ltd",
   "cik": 1095073,
   "ticker": "EG",
   "pct": 0.186,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 5,
     "latest": {
      "filed": "2026-05-15",
      "url": "https://www.sec.gov/Archives/edgar/data/1095073/000109507326000023/0001095073-26-000023-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fj",
   "compass": "later"
  },
  {
   "name": "Globe Life Inc",
   "cik": 320335,
   "ticker": "GL",
   "pct": 0.183,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-08-07",
      "url": "https://www.sec.gov/Archives/edgar/data/320335/000032033526000218/0000320335-26-000218-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "ss",
   "compass": "now"
  },
  {
   "name": "Assurant Inc",
   "cik": 1267238,
   "ticker": "AIZ",
   "pct": 0.175,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-05-22",
      "url": "https://www.sec.gov/Archives/edgar/data/1267238/000126723826000033/0001267238-26-000033-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Invesco Ltd",
   "cik": 914208,
   "ticker": "IVZ",
   "pct": 0.154,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 1,
     "latest": {
      "filed": "2026-08-31",
      "url": "https://www.sec.gov/Archives/edgar/data/914208/000091420826000347/0000914208-26-000347-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "rangeHalfWidth": 19.4,
   "quadrant": "sj",
   "compass": "between"
  },
  {
   "name": "Franklin Resources Inc",
   "cik": null,
   "ticker": null,
   "pct": 0.134
  },
  {
   "name": "Jack Henry & Associates Inc",
   "cik": 779152,
   "ticker": "JKHY",
   "pct": 0.129,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 3,
     "latest": {
      "filed": "2026-08-24",
      "url": "https://www.sec.gov/Archives/edgar/data/779152/000077915226000060/0000779152-26-000060-index.htm"
     }
    }
   ],
   "sector": "Technology & communications",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "FactSet Research Systems Inc",
   "cik": 1013237,
   "ticker": "FDS",
   "pct": 0.11,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 4,
     "latest": {
      "filed": "2026-09-25",
      "url": "https://www.sec.gov/Archives/edgar/data/1013237/000162828026063495/0001628280-26-063495-index.htm"
     }
    }
   ],
   "sector": "Technology & communications",
   "quadrant": "fs",
   "compass": "now"
  },
  {
   "name": "Erie Indemnity Co",
   "cik": 922621,
   "ticker": "ERIE",
   "pct": 0.08,
   "signals": [
    {
     "code": "5.02",
     "label": "Director or officer change",
     "count": 2,
     "latest": {
      "filed": "2026-05-21",
      "url": "https://www.sec.gov/Archives/edgar/data/922621/000162828026037267/0001628280-26-037267-index.htm"
     }
    }
   ],
   "sector": "Financials",
   "quadrant": "fs",
   "compass": "now"
  }
 ],
 "notes": [
  "Holdings are as the fund reported them to the SEC for 2026-06-30; N-PORT is made public about 60 days after quarter end.",
  "Only common-stock holdings are read; cash, securities-lending collateral and derivatives are left out.",
  "Sectors come from each company’s SEC industry code (SIC), grouped broadly; they can differ from an index provider’s sector labels.",
  "Display only: this describes what the fund holds, it is not a rating of the fund and not investment advice."
 ],
 "license": "CC BY 4.0, POPS4. Holdings are the fund’s own SEC filing.",
 "refreshedAt": "2026-09-26T15:35:39.298Z"
}