iShares U.S. Technology ETF (NYSEARCA:IYW) Puts 47% of Assets in Three Mega-Cap Technology Stocks

Sonal Goyal

27 October 2026 05:28 PM AEDT

iShares U.S. Technology ETF (NYSEARCA:IYW) Puts 47% of Assets in Three Mega-Cap Technology Stocks

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Key Highlights

iShares U.S. Technology ETF (NYSEARCA:IYW) had net assets of about $24.61 billion and a NAV of $252.88 as of Oct 26, 2026.
The fund tracks the Russell 1000 Technology RIC 22.5/45 Capped Index with an expense ratio of 0.37%.
Its 30-day SEC yield was 0.06%, with quarterly distributions.

The iShares U.S. Technology ETF (NYSEARCA:IYW) provides concentrated exposure to U.S. software, semiconductor and technology hardware companies. It reported net assets of about $24.61 billion and a NAV of $252.88 per share as of Oct 26, 2026.

Index and Investment Approach

The fund tracks the Russell 1000 Technology RIC 22.5/45 Capped Index and has been listed since May 15, 2000. It charges 0.37% and holds 148 securities.

Portfolio Composition

Apple (17.06%), Nvidia (16.69%) and Microsoft (13.23%) together make up about 47% of assets. Meta Platforms (3.21%) and Broadcom (3.03%) follow. The 30-day SEC yield was just 0.06%, reflecting the low payouts typical of the sector.

Yield and Distributions

The fund reported a 30-day SEC yield of 0.06% as of Sep 30, 2026 and a 12-month trailing yield of 0.09%. Distributions are paid quarterly. The most recent distribution was $0.049132 per share, with an ex-date of Sep 15, 2026 and payment on Sep 18, 2026. iShares notes that distribution yield and trailing yield can vary from period to period for reasons such as tax treatment and changes in fund shares outstanding.

Portfolio Characteristics

As of Oct 23, 2026 the portfolio held 148 securities, with a price-to-earnings ratio of 36.10 and a price-to-book ratio of 11.53.

Concentration and Holdings Profile

148 securities were held as of Oct 23, 2026. The five largest positions listed on the fund page totalled about 53.22% of assets, leaving roughly 46.78% across the remaining holdings. That makes the top of the portfolio notably concentrated compared with a broad-market fund. iShares notes that holdings are subject to change and that the weights shown are calculated from vendor prices, which may differ from the fund’s own valuation prices.

Fund Details at a Glance

The iShares U.S. Technology ETF (NYSEARCA:IYW) is an index-based equity fund that began trading on May 15, 2000. Its benchmark is the Russell 1000 Technology RIC 22.5/45 Capped Index, and it pays distributions quarterly. As of Oct 26, 2026 it had 97.3 million shares outstanding and net assets of $24,605,213,981. An annual fee of 0.37% works out to $37 for every $10,000 held, before any brokerage commissions.

Risk Disclosures Noted by iShares

Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market. Technology companies may be subject to severe competition and product obsolescence. Shares of ETFs are bought and sold at market price rather than NAV and are not individually redeemed from the fund, and brokerage commissions will reduce returns. Investing involves risk, including possible loss of principal.

Costs and Trading Details

The expense ratio is 0.37%. The fund is listed on NYSE Arca with 97.3 million shares outstanding and net assets of $24,605,213,981 as of Oct 26, 2026. The closing price was $252.88 as of Oct 26, 2026, against a NAV of $252.88 on Oct 26, and the premium/discount was 0.00. The 30-day median bid/ask spread was 0.03% and 30-day average volume was 714,098 shares.

The Bottom Line

iShares U.S. Technology ETF (NYSEARCA:IYW) reported net assets of about $24.61 billion and 148 holdings, with its index, fees and distribution schedule as set out above. The quarterly distribution schedule, 0.37% expense ratio and 0.03% median bid/ask spread are the main cost and income details reported for the fund.

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