The fund passively provides diverse exposure to information technology stocks in the US, yet it still reflects the concentrated nature of the space. It represents the market well, including more small- and micro-caps than most of the other broad tech sector funds. Definitions of tech differ from fund to fund: the fund includes credit card firms but excludes telecoms. Gaming and internet services companies are also excluded, following a GICS revision in 2018. In all, the fund offers broad, plain-vanilla exposure to the US technology market. The fund diversifies its holdings by applying limits on regulated investment companies using the MSCI 25/50 methodology. The index is rebalanced on a quarterly basis.
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