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The SPXT [0]/XMAG [1] ETFs are exactly what you're looking for.

[0] https://www.proshares.com/our-etfs/strategic/spxt (S&P minus tech stocks)

[1] https://www.defianceetfs.com/xmag/ (S&P minus "Magnificent 7")

Am I misreading, or does SPXT still hold >20% GOOG, TSLA, META, AMZN?

"Information technology" apparently just means Microsoft and Apple.

It's because none of those companies is considered "Information Technology" according to the official GICS criteria [0] used to classify companies in the index. For instance, Meta and Google are in the "Communications Services" sector; Amazon is in "Consumer Discretionary." There are 69 total companies in the S&P 500 in the "Information Technology" GICS sector [1], and all are excluded from SPXT.

[0] https://en.wikipedia.org/wiki/Global_Industry_Classification...

[1] https://en.wikipedia.org/wiki/List_of_S%26P_500_companies

Welp, time to see if my 401k provider supports them.

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