SEC Filing Summary: Form 13F Information Table
Business Context and Reporting Period
Company: Wealthfront Corp
Filing Type: Form 13F Information Table
Reporting Period: Quarter ended June 30, 2018
Context: This filing discloses the equity securities held by Wealthfront Corp, a registered investment adviser, as of the end of the second quarter of 2018. The filing details holdings managed with sole voting authority.
Key Financial Metrics and Portfolio Composition
Total Portfolio Value: The filing lists individual security values but does not explicitly state a total aggregate portfolio value in the summary text. The largest single holding is the Schwab Strategic Trust International Equity ETF valued at approximately $27.6 million.
Asset Allocation: The portfolio is heavily weighted toward Exchange Traded Funds (ETFs), particularly those tracking international equity markets, broad market indices, and municipal bonds. Individual equity positions are present but generally smaller in aggregate value compared to the top ETF holdings.
| Top 5 Holdings by Value | Value (Approx.) | Asset Class |
|---|---|---|
| Schwab Strategic Tr Intl Eqty ETF | $27,623,699 | International Equity ETF |
| Vanguard Tax Managed Intl Fd | $26,418,142 | International Equity ETF |
| Vanguard Intl Equity Index Fd | $24,869,933 | Emerging Markets ETF |
| iShares Inc Core MSCI EMKT | $11,288,676 | Emerging Markets ETF |
| Vanguard Mun Bd Fd Inc | $9,557,362 | Municipal Bond ETF |
Material Changes and Portfolio Characteristics
Comparison to Prior Period: The provided text contains only the snapshot of holdings as of June 30, 2018. It does not include data from the prior quarter (March 31, 2018); therefore, material changes in position size or new entries cannot be calculated from this document alone.
Investment Style: The portfolio demonstrates a passive, index-tracking strategy with a significant allocation to international and emerging markets. There is a notable presence of tax-exempt municipal bond ETFs, suggesting a focus on tax efficiency for clients.
Guidance, Risks, and Contingencies
Management Commentary: Form 13F filings are statutory disclosures of holdings and do not contain management commentary, forward-looking guidance, or strategic outlooks.
Risks and Contingencies: The filing includes a standard SEC disclaimer stating that the Commission has not reviewed the information for accuracy. The primary risk inherent in the disclosed portfolio is market risk associated with international equities and emerging markets, as well as interest rate risk associated with the bond ETF holdings.
Key Facts for Investor Verification
- Reporting Entity: Verify that Wealthfront Corp is the registered investment adviser managing these assets.
- Valuation Date: Confirm that all values reflect market prices as of June 30, 2018.
- Voting Authority: Note that Wealthfront Corp exercises "Sole" voting authority for all listed securities.
- Derivatives: The filing indicates zero holdings in Put/Call options for the listed securities.
- Completeness: This table represents only the securities required to be reported under Section 13(f) of the Exchange Act; it may not represent the total assets under management if other non-reportable assets exist.