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About iShares Expanded Tech Sector ETF
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Inception date
Mar 13, 2001
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
IGM offers a broad coverage of the North American technology sector. Aside from conventional technology stocks, the fund also includes tech-related stocks from other sectorsspecifically internet retail companies. While IGM is a North American fund, nearly all its assets are allocated to the US. Seeking to provide a diversified exposure to the tech industry, its market-cap-weighted index caps each security's weight at 8.5%. The index is reconstituted semi-annually and rebalanced quarterly. Prior to December 24, 2018, the fund was tracking the S&P North American Technology Index. The change in index was due to a new Communications Services sector developed at the end of 2018.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.