Mutual Funds ┃ 28 May 2026
iShares Expanded Tech-Software Sector ETF (IGV US)
- Focus on U.S. Software Industry Stocks
- The underlying index aims to measure the performance of U.S. equities and Canadian stocks listed on U.S. exchanges that fall under the GICS sub-industries of Application Software, Systems Software, and Home Entertainment Software.
- Weight Caps to Prevent Excessive Concentration
- The index uses a market-capitalization weighting methodology but imposes an 8.5% weight cap on individual constituents with larger market capitalizations. Additionally, the aggregate weight of all constituents exceeding 4.5% individually cannot surpass 45%. Weights are rebalanced quarterly.
- Portfolio Tilts Toward Mid- and Large-Cap Stocks
- Based on Morningstar classification, the ETF’s holdings are allocated as follows: large-cap stocks: 66%, mid-cap stocks: 21%, Small-cap stocks: 13%.
| Fund Name (Ticker) | iShares Expanded Tech-Software Sector ETF (IGV US) |
| Description | This ETF tracks the S&P North American Expanded Technology Software Index, aiming to replicate the performance of the index constituents and deliver investment returns that correspond closely to those of the underlying index. |
| Asset Class | Equities |
| 30-Day Average Volume | 23,488,492 |
| Net Assets of Fund (as of 22 May) | USD 14,438,447,138 |
| 12-Month Yield (as of 22 May) | N.A. |
| P/E Ratio (as of 22 May) | 36.59x |
| P/B Ratio(as of 22 May) | 6.77x |
| Expense Ratio (Annual) | 0.39% |
Top Holdings
(as of 22 May 2026)
(Source: Bloomberg)
First Trust Cloud Computing ETF (SKYY US)
- Focus on Cloud Computing Theme
- The index includes constituents that are recognized as cloud computing companies by the Consumer Technology Association (CTA), and undergoes screening based on criteria such as market capitalization, free-float ratio, and liquidity.
- Weight Allocation Based on Cloud Computing Scores
- The index employs a cloud computing score-based weighting methodology. Companies are assigned scores based on their business exposure to Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS), and Software-as-a-Service (SaaS), receiving 3, 2, and 1 point(s) respectively. A single company can earn a maximum score of 6 points. Each company’s weight is then calculated by dividing its individual score by the total score of all constituent companies.
- Individual Stock Weight Caps
- A single company is subject to a maximum weight cap of 4.5%, and the index holds a maximum of 80 stocks.
| Fund Name (Ticker) | First Trust Cloud Computing ETF (SKYY US) |
| Description | This ETF tracks the ISE CTA Cloud Computing Index, aiming to replicate the performance of the index constituents and deliver investment returns that correspond closely to those of the underlying index. |
| Asset Class | Equities |
| 30-Day Average Volume | 321,899 |
| Net Assets of Fund (as of 31 March) | USD 17,320,000,000 |
| 12-Month Yield (as of 31 March) | N.A. |
| P/E Ratio (as of 31 March) | 30.86x |
| P/B Ratio(as of 31 March) | 5.66x |
| Expense Ratio (Annual) | 0.60% |
Top Holdings
(as of 31 March 2026)
(Source: Bloomberg)
