True Exposure
How much of each stock you really own, across every fund. Click a row to see which funds carry it.
Based on each fund’s disclosed top-10 holdings only — estimated exposure, not full fund look-through.
Load a Portfolio First
True Exposure looks through the funds in your loaded portfolio. Connect a broker or upload holdings to get started.
How look-through exposure is calculated
The exposure tool expands supported funds into their underlying holdings, multiplies each underlying weight by your portfolio weight, and combines repeated companies. For example, if two ETFs each represent half a portfolio and each holds a company at 10%, that company produces roughly 10% combined look-through exposure before unsupported positions and rounding.
Interpreting the results
Use the ranking to spot concentration hidden inside several funds. Compare direct positions with indirect exposure and ask whether the largest companies, sectors, or themes match your intended diversification. A small allocation to a concentrated ETF can still create a notable underlying position.
Limitations
Fund holdings can be delayed, incomplete, or reported on different dates. Cash, derivatives, short positions, private assets, and funds without supported holdings may not look through cleanly. Results are estimates, not real-time risk measurements. Check the coverage notes and issuer holdings before making decisions.
As a final check, compare the effective weights with your original portfolio targets. A result is most actionable when it identifies a specific unintended exposure that you can confirm in current holdings files, rather than when it is used as a standalone diversification score.