SCZ holdings

Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 12.81% at a quoted market price (level 1), 33 issuer countries.

SCZ's largest investment is Furukawa Electric Co Ltd at 0.5% of net assets. Resonac Holdings Corp and Mitsui Kinzoku Co Ltd follow; the three together are 1.37%. Ten companies are 2.7% of the fund; the other 2,063 share the rest. Among the 721 equity funds measured here, SCZ behaves like 1093 holdings against a median of 42.4 — 25.8 times the median. Across 27 quarterly filings SCZ has held roughly steady since 2019-10-31 (1106.6 then, 1027.2 now). Between the 2026-01-31 and 2026-04-30 filings 83 positions were added and 43 dropped; 9.7% of the weight moved. Japan is the largest country at 35.16% of the portfolio, across 33 countries in the filing.

Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable equity funds on this site. Nothing here is a view on the fund.

Between 2019-10-31 and 2026-04-30, SCZ went from behaving like 1106.6 equally weighted positions to 1027.2 — 7% fewer, while its top ten went from 2.83% to 3.54% of net assets. Read across the funds on the concentration-over-time table.

One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.

SCZ's filing lists 2,074 positions including 4.69% of net assets in securities-lending cash collateral. Counted as filed the fund reads 321.5 effective holdings with a top ten of 7.14%; on its own investments — the figure above — it reads 1093 with a top ten of 2.7%. The collateral is matched by a liability and is not a holding the fund chose; since 2026-09-18 every figure on this site sets it aside (methodology). Both numbers are in the data.

The 15 largest of 2,073 positions in SCZ's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: listed with the point-in-time files, available on request.

Share of SCZ's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.

Monthly total returns from Item B.5 of SCZ's own filings, 81 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference 0.23 percentage points over 81 months, which is roughly the distributions. Every month with the filing it came from: SCZ.json · all funds.

The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-07-31, $592m was out to 22 borrowers. The largest, GOLDMAN SACHS & CO., held 37.2% of it.

The filing reports no cash collateral position against this loan. Collateral taken in a form the fund does not hold as a position does not appear in N-PORT, so this is silence rather than absence. What the collateral figure can and cannot show. Every quarter SCZ has filed, with each borrower: SCZ.json · all funds.

2,000 positions became 2,040: 83 added (3.1% of the fund at the later date), 43 dropped (2.5% at the earlier date). Half the sum of all weight changes, a turnover proxy: 9.7%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of SCZ compared this way, as a feed: changes.xml · all funds: filings received.

New: IMCD N.V. (0.19%), DCC PUBLIC LIMITED COMPANY (0.18%), EDENRED SE (0.17%), AUSTRALIAN DOLLAR (0.14%), ZEGONA COMMUNICATIONS PLC (0.12%), Trend Micro Incorporated (0.12%). Gone: Tower Semiconductor Ltd (0.42%), BAWAG Group AG (0.36%), Ibiden Co Ltd (0.36%), Shimizu Corp (0.25%), Italgas SpA (0.21%), Indra Sistemas SA (0.14%).

12.8% of SCZ is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; what a low level-1 share does and does not mean is in the measure's page.

A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $14.39B. Notional of an interest-rate or currency swap is not equity exposure.

Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).

Every measured equity fund lined up by how many holdings it behaves like; these sit either side of SCZ (1093). Same filings, same arithmetic. Position in this list says nothing about which fund is better.

• Why 2,017 IWM Holdings Read as 33: Securities Lending in the Russell 2000 ETF

  IWM, the iShares Russell 2000 ETF, files 2,017 holdings but our concentration measure read it as 33. The cause is a 17% cash-collateral position from securities lending, flagged in the filing itself; set it aside and the fund's own investments behave like about 840. Seventy-three funds on this site, including IJH, IJR, RSP, LQD and HYG, had the same problem. What we found, what we changed today, and what is still open.

  14 Sept 2026 6 min ETF Analysis