ETF Evaluator:
iShares Expanded Tech-Software Sect ETF (IGV)
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(as of Jul 30)
Best Performing in Technology Over the Last Year
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ETF Details
iShares Expanded Tech-Software Sect ETF Overview
iShares Expanded Tech-Software Sect ETF (IGV) is a passively managed Sector Equity Technology exchange-traded fund (ETF). iShares launched the ETF in 2001.
The investment seeks to track the investment results of the S&P North American Expanded Technology Software IndexTM.
The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The index measures the performance of U.S.-traded stocks from the software industry and select companies from the interactive home entertainment and interactive media and services sub-industries in the U.S. and Canada. The fund is non-diversified.
About iShares Expanded Tech-Software Sect ETF (IGV)
There are 4 members of the management team with an average tenure of 4.34 years: Jennifer Hsui (2012), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P North American Expd Tech Swre TR USD index with a weighting of 100%. iShares Expanded Tech-Software Sect ETF has 113 securities in its portfolio. The top 10 holdings constitute 60.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Expanded Tech-Software Sect ETF is part of the Equity global asset class and is within the Sector Equity ETF group. iShares Expanded Tech-Software Sect ETF has 0.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.2% There is 0.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Expanded Tech-Software Sect ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $13 billion in total assets, which is above the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IGV Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Expanded Tech-Software Sect ETF expense ratio is below average compared to funds in the Technology category. iShares Expanded Tech-Software Sect ETF has an expense ratio of 0.39%, which is 27% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Expanded Tech-Software Sect ETF has a portfolio turnover rate of 20%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 36% for the Technology category.
Recently, in the month of June 2026, iShares Expanded Tech-Software Sect ETF returned -10.8%, which earned it a grade of F, as the Technology category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Expanded Tech-Software Sect ETF has a trailing yield of 0.02%, which is below the 0.49% category average.
The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Expanded Tech-Software Sect ETF Grades
Year to date, the ETF has returned -14.3%, 49.4 percentage points worse than the category, which translates into a grade of F. The fund has returned -17.3% over the past year (grade of F), 9.4% over the past three years (grade of F) and 3.0% per year over the past five years (grade of D) and 15.8% per year over the past 10 years (grade of D).
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IGV Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IGV Return (NAV) | -10.8% | 13.2% | -17.3% | 9.4% | 3.0% | 15.8% |
| IGV Return (Price) | -10.9% | 13.2% | -17.2% | 9.4% | 3.0% | 15.8% |
| NAV +/- Price Return | 0.019% | 0.009% | -0.078% | -0.001% | -0.026% | 0.000% |
| Technology Avg | 0.0% | 40.3% | 52.2% | 27.7% | 12.4% | 21.0% |
| IGV Grade (NAV) | F | F | F | F | D | D |
| +/- Category (NAV) | -10.9% | -27.1% | -69.5% | -18.3% | -9.3% | -5.1% |
| IGV Tax-Cost Ratio | na | na | 0.0% | 0.0% | 0.0% | 0.0% |
IGV Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IGV Return (NAV) | -14.3% | 5.6% | 23.4% | 58.5% | -35.6% | 12.2% | 52.8% | 34.4% | 12.4% | 42.2% | 5.9% |
| IGV Return (Price) | -14.3% | 5.6% | 23.4% | 58.6% | -35.7% | 12.3% | 52.9% | 34.3% | 12.4% | 42.2% | 5.8% |
| NAV +/- Price Ret | -0.002% | -0.009% | 0.000% | 0.002% | 0.002% | 0.006% | 0.001% | -0.1% | 0.1% | -0.0% | -1.3% |
| Technology Avg | 35.2% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| IGV Grade (NAV) | F | F | B | A | C | D | C | C | A | A | F |
| +/- Category | -49.4% | -17.6% | 3.5% | 14.7% | 0.2% | -4.5% | -0.4% | -3.5% | 15.6% | 8.5% | -9.1% |
| Risk Measures | |
| Beta: | 1.17 |
| R-Squared: | 31% |
| Standard Deviation: | 26.7% |
| Category Risk Index: | 1.04 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 2.19 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 13,542 Mil |
| Share Class Assets: | $ 13,542 Mil |
| Turnover: | 20.0% |
| Expense Ratio: | 0.39% |
| Index Fund: | Yes |
| Index Tracked: | S&P North American Expd Tech Swre TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Semi-Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 13.6 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Hsui Jennifer (2012), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 113 |
| % in Top 10 Holdings: | 60.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.7% |
Portfolio Allocation |
|
| Domestic Stock: | 99.2% |
| Foreign Stock: | 0.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | www.ishares.com |
| Inception Date: | July 10, 2001 |
Expenses and Fees
| Expense Ratio (%): | 0.39% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.53% |
