The sector picture reinforces this. Information Technology alone represents 50% of the portfolio, and when you add Communication Services at 14%, roughly two-thirds of the fund sits in two adjacent sectors that move together in risk-off environments. When sentiment turns against mega-cap tech, there is no meaningful counterweight. Energy, Utilities, and Materials collectively represent less than 1% of holdings.Have You read The New Report Shaking Up Retirement Plans ? Americans are answering three questions ...