QUA017Factor HubQuality FactorsLow
Governance Quality Factor
Board independence, ownership concentration and disclosure quality rolled into one gauge.
Formula
GovQual = IndBoard% * OwnerConc * CompAlign * DiscScorePerformance (Top-30 equal-weight long, monthly rebalance)
Annualized return
16.35%
Sharpe ratio
0.88
Max drawdown
-29.48%
Total return
354.80%
Cumulative performance（2016-09 … 2026-08）
2016 -5.5%2017 -11.8%2018 +1.8%2019 +30.5%2020 +59.6%2021 +18.1%2022 +35.8%2023 -0.4%2024 +10.9%2025 +25.5%2026 +15.8%
Current top-30 holdings
| # | Ticker | Company | Score |
|---|---|---|---|
| 1 | MSFT | Microsoft | 0.506 |
| 2 | NVDA | NVIDIA | 0.468 |
| 3 | AAPL | Apple | 0.439 |
| 4 | AVGO | Broadcom | 0.417 |
| 5 | GOOGL | Alphabet | 0.399 |
| 6 | META | Meta Platforms | 0.359 |
| 7 | AMZN | Amazon | 0.356 |
| 8 | BRK.B | Berkshire Hathaway | 0.330 |
| 9 | LLY | Eli Lilly | 0.272 |
| 10 | NVO | Novo Nordisk | 0.256 |
| 11 | CRM | Salesforce | 0.250 |
| 12 | PLTR | Palantir | 0.248 |
| 13 | NOW | ServiceNow | 0.245 |
| 14 | V | Visa | 0.240 |
| 15 | ACN | Accenture | 0.238 |
| 16 | JPM | JPMorgan Chase | 0.236 |
| 17 | INTU | Intuit | 0.235 |
| 18 | QCOM | Qualcomm | 0.230 |
| 19 | FTNT | Fortinet | 0.230 |
| 20 | MA | Mastercard | 0.230 |
| 21 | WMT | Walmart | 0.230 |
| 22 | ORCL | Oracle | 0.229 |
| 23 | LRCX | Lam Research | 0.226 |
| 24 | TSLA | Tesla | 0.221 |
| 25 | NFLX | Netflix | 0.219 |
| 26 | BAC | Bank of America | 0.218 |
| 27 | VZ | Verizon | 0.215 |
| 28 | MDB | MongoDB | 0.214 |
| 29 | C | Citigroup | 0.214 |
| 30 | UNH | UnitedHealth | 0.213 |
Holdings computed by the exact formula above at the latest month-end observation on the deterministic research panel (2026-08).
Data export
Exports include formulas, performance statistics, the 120-month series and current holdings — everything needed to replicate results locally.