# VGT Holds Tech But Skips Google, Meta, Amazon

> VGT's tech fund excludes Google, Meta, Amazon due to sector rules.
- Title: VGT Holds Tech But Skips Google, Meta, Amazon · 24/7 Wall St.
- Summary: VGT's tech fund excludes Google, Meta, Amazon due to sector rules. VGT's tech exposure avoids Google, Meta, Amazon because of GICS classification rules…
- Keywords: vgt, gics, microsoft, apple, nvidia, broadcom, sp500, etf, sector rule, tech fund, alphanumeric, msci
- Source: 24/7 Wall St. — https://247wallst.com/investing/etf/2026/09/22/vgt-holders-bought-tech-and-own-no-google-meta-or-amazon-the-sector-rule-that-decides-whats-inside
- Author: Ryne Mauck
- Published: 2026-09-22T22:15:04+00:00
- Read time: 1 min
- Topics: vgt, gics, microsoft, apple, nvidia, broadcom, sp500, etf, sector rule, tech fund, alphanumeric, msci
## VGT's Tech Rule
VGT promises tech exposure but excludes Google, Meta, and Amazon due to GICS classification rules.

> VGT promises tech exposure, but a classification rule buried in the index methodology quietly excludes three of the biggest names most investors assume they are buying.
## GICS Tech Rule
Under GICS reclassification from 2018, Alphabet moved to Communication Services and Amazon sits in Consumer Discretionary.

> Under a GICS reclassification effective in 2018, Alphabet and Meta were moved to Communication Services, and Amazon sits in Consumer Discretionary.
## VGT Holdings
VGT concentrates in Apple, Microsoft, Nvidia, Broadcom, and large semiconductor and software names.

> The fund concentrates instead in Apple, Microsoft, Nvidia, Broadcom, and large semiconductor and software names.
## VGT Fee
VGT has a low fee of 0.09% gross and net expense ratio as of June 30, 2026, costing $9 per $10,000 annually.

> The prospectus lists a gross and net expense ratio of 0.09% as of June 30, 2026.
## VGT Overlap
VGT overlaps with SPY, which already holds NVIDIA, Apple, Microsoft, and Broadcom at higher weights.

> The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) already carries NVIDIA at 7.58%, Apple at 6.66%, Microsoft at 4.91%, and Broadcom at 2.62% of net assets.
## VGT's Tech Concentration
VGT's tech exposure skips internet giants, concentrating on semiconductor and software firms instead.

> VGT gives you none of [Amazon, Alphabet Class A, Alphabet Class C, Meta] but concentrates in semiconductor and software names.
## VGT Performance
VGT has gained 32.93% year-to-date and 146.73% over five years through September 21, 2026.

> VGT has run hard. Price performance shows a 32.93% gain year-to-date and 146.73% over five years through September 21, 2026.
## Key takeaway

VGT's tech exposure avoids Google, Meta, Amazon because of GICS classification rules, concentrating on semiconductor and software firms instead.