Overview
North American software pure-play — around 120 application, systems and interactive-media software companies from Microsoft to the mid-cap SaaS cohort.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| MSFT | Microsoft Corp. | 9.2% |
| ORCL | Oracle Corp. | 8.6% |
| CRM | Salesforce Inc. | 7.4% |
| PLTR | Palantir Technologies | 7.1% |
| ADBE | Adobe Inc. | 4.3% |
| NOW | ServiceNow Inc. | 4.1% |
| INTU | Intuit Inc. | 3.9% |
| APP | AppLovin Corp. | 3.6% |
| PANW | Palo Alto Networks | 3.2% |
| SNPS | Synopsys Inc. | 2.8% |
Fund Details
Investment Thesis
Software spent the AI rally in hardware's shadow — a flat trailing year while chipmakers doubled — and IGV is the instrument for the catch-up thesis: if AI spending shifts from building models to deploying them, the application layer collects. The fund's quarter-century history spans the dot-com bust, the SaaS decade and the 2022 rate shock; its concentrated top holdings mean Microsoft, Oracle and the Palantir cohort drive the ride.
Who It's For
Sector investors positioning for the AI application layer rather than the silicon, and traders using the deepest liquidity in software as a tactical vehicle. Expect Nasdaq-plus volatility in both directions.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $25.33 | -- |
| 2017 | $34.95 | +38.0% |
| 2018 | $36.35 | +4.0% |
| 2019 | $48.71 | +34.0% |
| 2020 | $74.03 | +52.0% |
| 2021 | $82.92 | +12.0% |
| 2022 | $53.07 | -36.0% |
| 2023 | $83.85 | +58.0% |
| 2024 | $104.81 | +25.0% |
| 2025 | $109.00 | +4.0% |
| Year | Yield |
|---|---|
| 2016 | 0.00% |
| 2017 | 0.00% |
| 2018 | 0.00% |
| 2019 | 0.00% |
| 2020 | 0.00% |
| 2021 | 0.00% |
| 2022 | 0.00% |
| 2023 | 0.10% |
| 2024 | 0.00% |
| 2025 | 0.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1B | -- |
| 2017 | $1.4B | +40.0% |
| 2018 | $2B | +42.9% |
| 2019 | $3.3B | +65.0% |
| 2020 | $5.5B | +66.7% |
| 2021 | $7B | +27.3% |
| 2022 | $4B | -42.9% |
| 2023 | $7.5B | +87.5% |
| 2024 | $11B | +46.7% |
| 2025 | $11B | +0.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
Related US Sectors ETFs
Markets. Intelligence. Daily.
Full briefs on 276 ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →