iShares Expanded Tech-Software Sector ETF

iShares Expanded Tech-Software Sector ETF is a passive equity fund that tracks the S&P North American Expanded Technology Software Index, providing diversified exposure to the North American software industry. Managed by BlackRock Fund Advisors, the fund holds over 100 software companies with a capping mechanism that limits individual security weights to 8.5%, redirecting portfolio concentration away from tech giants toward smaller, growth-oriented enterprises. The fund includes select North American equities from interactive home entertainment and interactive media services sectors, with Canadian firms representing a small portion of holdings. IGV's top holdings include major infrastructure software companies such as Microsoft, Palantir Technologies, and Oracle, which collectively drive significant demand for AI computing resources and enterprise solutions. The fund employs a market-cap weighted selection strategy, with stocks reviewed semiannually in June and December. With low operating costs, IGV serves investors seeking broad software sector participation without direct exposure to individual company risks, making it suitable for those wanting North American software industry diversification in their portfolios.