Overview
Pure-play US technology across hardware, software and semiconductors — one of the oldest and most concentrated tech sector funds.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| NVDA | NVIDIA Corporation | 16.8% |
| MSFT | Microsoft Corp. | 15.2% |
| AAPL | Apple Inc. | 14.6% |
| AVGO | Broadcom Inc. | 4.9% |
| ORCL | Oracle Corp. | 3.1% |
| CRM | Salesforce | 2.2% |
| AMD | Advanced Micro Devices | 2.1% |
| ADBE | Adobe Inc. | 2.0% |
| CSCO | Cisco Systems | 1.9% |
| ACN | Accenture | 1.8% |
Fund Details
Investment Thesis
IYW is undiluted technology: unlike XLK it includes no payment processors dressed as tech, and its RIC-capped weighting lets the giants dominate — the top three routinely exceed 45% of assets. That concentration made it a rocket through the AI cycle (+39.7% on the year) and will make it a crater in the next tech winter, as 2022's -35% reminded everyone. The 0.39% fee is steep against FTEC's 0.084% for near-identical exposure.
Who It's For
High-conviction technology bulls who want maximum sector purity and accept single-name concentration. Fee-sensitive buyers should price FTEC first.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $31.68 | -- |
| 2017 | $43.37 | +36.9% |
| 2018 | $42.93 | -1.0% |
| 2019 | $64.23 | +49.6% |
| 2020 | $93.52 | +45.6% |
| 2021 | $126.06 | +34.8% |
| 2022 | $82.19 | -34.8% |
| 2023 | $129.87 | +58.0% |
| 2024 | $168.18 | +29.5% |
| 2025 | $205.18 | +22.0% |
| Year | Yield |
|---|---|
| 2016 | 0.32% |
| 2017 | 0.33% |
| 2018 | 0.30% |
| 2019 | 0.31% |
| 2020 | 0.28% |
| 2021 | 0.29% |
| 2022 | 0.27% |
| 2023 | 0.27% |
| 2024 | 0.25% |
| 2025 | 0.25% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $4.0B | -- |
| 2017 | $4.8B | +20.0% |
| 2018 | $5.8B | +20.8% |
| 2019 | $7.1B | +22.4% |
| 2020 | $8.5B | +19.7% |
| 2021 | $10B | +17.6% |
| 2022 | $12B | +20.0% |
| 2023 | $15B | +25.0% |
| 2024 | $18B | +20.0% |
| 2025 | $22B | +22.2% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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