Core Insights - The State Street SPDR S&P Software & Services ETF (XSW) is a passively managed ETF launched on September 28, 2011, aimed at providing broad exposure to the Technology - Software segment of the equity market [1][10] - The ETF has accumulated assets over $444.42 million and seeks to match the performance of the S&P Software & Services Select Industry Index [3][4] - XSW has an annual operating expense ratio of 0.35%, making it one of the least expensive options in its category [5] Index and Performance - The S&P Software & Services Select Industry Index represents the software sub-industry portion of the S&P Total Stock Market Index, which tracks all U.S. common stocks listed on major exchanges [4] - The ETF has added approximately 1.51% year-to-date and is down about 4.03% over the past year, with a trading range between $141.65 and $205.24 in the last 52 weeks [8] - XSW has a beta of 1.15 and a standard deviation of 24.89% over the trailing three-year period, indicating a higher risk profile [8] Sector Exposure and Holdings - The ETF has a significant allocation of about 97.1% in the Information Technology sector, providing diversified exposure [6] - D Wave Quantum Inc (QBTS) constitutes approximately 1.52% of total assets, with the top 10 holdings accounting for about 11.36% of total assets under management [7] Alternatives - Other ETFs in the technology software space include Invesco AI and Next Gen Software ETF (IGPT) with $640.59 million in assets and iShares Expanded Tech-Software Sector ETF (IGV) with $8.53 billion in assets [11] - IGPT has an expense ratio of 0.56%, while IGV charges 0.39% [11]

Core Viewpoint - The iShares Expanded Tech-Software Sector ETF (IGV) is a prominent investment vehicle for gaining exposure to the Technology - Software segment, appealing to both retail and institutional investors due to its low costs and transparency [1][2]. Fund Overview - IGV is sponsored by Blackrock and has accumulated over $11.19 billion in assets, positioning it as one of the largest ETFs in the Technology - Software sector [3]. - The ETF aims to replicate the performance of the S&P North American Technology-Software Index, which includes North American equities in the software industry and select equities from related sectors [4]. Cost Structure - The annual operating expenses for IGV are 0.41%, making it one of the more affordable options in the ETF market [5]. Sector Exposure and Holdings - The ETF has a significant allocation of approximately 97.4% in the Information Technology sector [6]. - Oracle Corp (ORCL) constitutes about 9.62% of total assets, with Palantir Technologies Inc Class A (PLTR) and Microsoft Corp (MSFT) also among the top holdings. The top 10 holdings represent around 60.97% of total assets [7]. Performance Metrics - As of August 11, 2025, IGV has increased by roughly 9.5% year-to-date and has risen approximately 34.42% over the past year. The ETF has traded between $80.15 and $113.01 in the last 52 weeks [8]. - The ETF has a beta of 1.15 and a standard deviation of 25.03% over the trailing three-year period, indicating a higher risk profile [8]. Investment Alternatives - IGV holds a Zacks ETF Rank of 1 (Strong Buy), suggesting it is a strong option for investors looking for exposure to the Technology ETFs segment [9]. - Other alternatives include the SPDR S&P Software & Services ETF (XSW) and the Invesco AI and Next Gen Software ETF (IGPT), with respective assets of $465.63 million and $506.23 million [10].

Group 1 - The Invesco AI and Next Gen Software ETF (NYSEARCA: IGPT) is a growth-focused ETF that tracks the STOXX World AC NexGen Software Development Index, emphasizing companies with significant growth potential [1] - The ETF does not provide significant dividends or income, indicating a focus on capital appreciation rather than income generation [1] Group 2 - The methodology of the ETF heavily favors companies that are involved in next-generation software development, which is a sector expected to experience substantial growth [1]