iShares Expanded Tech-Software Sector ETF (IGV)

Nearly 43% of this fund sits in just five companies.

What is going on right now?

IGV dipped about 5% over the past week. Reports of a selloff in software and chip stocks may be putting pressure on its holdings.

How is the business itself doing?

This is a basket of big software companies, with names like Palo Alto Networks, Palantir, CrowdStrike, Microsoft, and Oracle making up the largest pieces. It charges 0.38% a year to run, which is less than half what similar funds typically charge.

What stands out?

Its top ten holdings account for roughly 62% of the whole fund, so when a handful of those names move, the entire fund feels it.

What comes next?

Palantir and CrowdStrike both report earnings in the coming quarters, and those results will show up quickly given how much of the fund they represent.