From 24/7 Wall St. · Ryne Mauck · · 1m
VGT Holds Tech But Skips Google, Meta, Amazon
VGT's tech fund excludes Google, Meta, Amazon due to sector rules.
In brief
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, concentrating on semiconductor and software firms instead. Originally reported by 24/7 Wall St..
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.”
What to remember
VGT's tech exposure avoids Google, Meta, Amazon because of GICS classification rules, concentrating on semiconductor and software firms instead.
