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Hot Semiconductor Stocks Power Biggest YTD Gains In The Chip Sector

Large and midcap growth dominated U.S. diversified stock funds during the past month, while resurgent semiconductor stocks fueled chip-focused sector funds.

Invesco S&P 500 GARP (SPGP) topped diversified stock ETFs with a 33.4% year-to-date gain through Nov. 13, according to Morningstar Direct. The $345.6 million fund, which tracks the S&P 500 Growth at a Reasonable Price Index, was called Invesco Russell Top 200 Pure Growth and tracked the Russell 200 Pure Growth Index until June 21.

SPGP owns 75 S&P 500 stocks that meet certain growth criteria as well as quality and value metrics. The biggest sector weights were information technology at 28%, financials at 17%, consumer discretionary 14% and industrials 11%. The top five holdings — Facebook (FB) and chip stocks Nvidia (NVDA), Lam Research (LRCX), Applied Materials (AMAT) and Micron Technology (MU) — made up about 13% of assets.

Two other Invesco stock funds came in second and third: Invesco S&P MidCap Momentum (XMMO), with a 31.7% YTD return, and Invesco QQQ Trust (QQQ), up 31.5% this year.

Chip Stocks Surge To Top

Semiconductor stocks boosted three chip ETFs to the top positions among sector funds. SPDR S&P Semiconductor (XSD) rallied for a 55.2% YTD gain, VanEck Vectors Semiconductor (SMH) gained 52.6% and iShares PHLX Semiconductor (SOXX) 51.8%. XSD's top five holdings — Synaptics (SYNA), Qorvo (QRVO), Cirrus Logic (CRUS), Skyworks Solutions (SWKS) and Advanced Micro Devices (AMD) — accounted for 19% of the 35-stock portfolio.

SOXX's top five: Nvidia, Intel (INTC), Qualcomm (QCOM), Broadcom (AVGO) and Texas Instruments (TXN) made up nearly 40% of assets. SMH 's top five represented 41% of assets: Taiwan Semiconductor (TSM), Intel, Nvidia, Qualcomm and Advanced Micro Devices.

In the foreign stock funds category, iShares MSCI Russia Capped (ERUS) and Global X MSCI Greece (GREK) swapped places from last month to take first and second, respectively. They were about neck-in-neck with a 39.6% YTD gain for ERUS and 39.2% for GREK.

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