The ETF has a 0.35% expense ratio and is up by 8% year-to-date. The fund places a lot of trust in a few holdings. Nvidia (NASDAQ:NVDA), Taiwan Semiconductor (NYSE:TSM), and Broadcom (NASDAQ:AVGO) make up more than 40% of the fund’s total assets.

Officials are waiting to see if businesses manage higher costs from tariffs by trimming profits or pushing up prices.

For the fourth time this year, the Federal Reserve kept interest rates unchanged as it monitors the economic impact of President Trump’s tariffs. Officials had been prepared to lower rates, but growing uncertainty led them to hold steady.