The new fund devotes almost 47% of its weight to the Internet software and services industry, 26.15% to media stocks and 11.89% to telecommunications stocks.
“Communication Services is clearly the youngest sector due to social media giants like Alphabet (Google) and Facebook. Technology is now the second youngest and dominates the 1973-99 period when Microsoft and Apple came of age. Industrials, Materials, Energy and Consumer Staples represent growth of the US economy during the first three-quarters of the last century,” according to S&P.
XLC holds 26 stocks and charges 0.13% per year, or $13 on a $10,000 investment.
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