VOO Hits $1 Trillion as First ETF to Reach Milestone, But Tech Stocks Now Make Up Nearly 40% of Holdings
Summary
VOO (Vanguard S&P 500 ETF) has become the first ETF to reach $1 trillion in assets. Despite being marketed as a diversified S&P 500 index fund, nearly 40% of its holdings are now concentrated in technology stocks, with top companies like NVIDIA (~8%), Apple (~7%), and Microsoft (~5%) dominating. VOO charges a low 0.03% expense ratio and has delivered strong returns (22% one-year, 84% five-year, 334% ten-year).
Source
bskyVOO Hits $1 Trillion as First ETF to Reach Milestone, But Tech Stocks Now Make Up Nearly 40% of Holdingsbriefly.coKey quotes
· 3 pulledVOO tracks the S&P 500 by holding the 500 largest US companies in market-cap proportion, delivering aggregate earnings growth and dividends without stock picking, factor tilts, or active overlays.
Vanguard charges 0.03% (3 basis points), about one-third of SPDR's SPY fee near 9 basis points.
Despite diversification claims, top holdings concentrate: NVIDIA near 8%, Apple around 7%, Microsoft around 5%, and Alphabet share classes about 5% combined.
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