GTOP vs TRUT

GTOPCGoldman Sachs Technology Opportunities ETF

TRUTAVanEck Technology TruSector ETF

In short

GTOP A 1999-vintage tech stock picker wrapped in an ETF: at least 80% in technology names, free to roam from US mega caps to emerging markets, and measured against the Nasdaq Composite.

TRUT Diversification rules force most tech ETFs to trim their biggest names. TRUT's answer: own the giants directly up to the legal line, then top up with sector ETFs so the portfolio mirrors the sector's real shape.

Stated mandate

GTOP The Fund seeks long-term growth of capital. It invests at least 80% of its net assets in technology-company equity investments and generally targets companies expected to benefit from the proliferation of technology.

TRUT The Fund seeks long-term capital appreciation through active investment in securities of information technology-related companies or instruments providing exposure to them.

Why people hold it

• GTOP Genuinely active. Managers hunt companies set to benefit from the spread of technology across US, international and emerging markets instead of tracking a fixed list.
• The 0.65% fee sits right at the median for active US equity ETFs. You pay the going rate for stock picking, not a premium for it.
• The strategy dates to 1999, so its record runs through the dot-com bust and every tech cycle since. Few tech mandates have that much road behind them.
• Scored against the Nasdaq Composite Total Return Index, a demanding yardstick that makes the manager's contribution easy to judge.

• TRUT The mechanism is the point. Fund rules cap one stock at 25% and stocks above 5% at 50% combined; TRUT fills the gap with targeted sector ETFs instead of overweighting smaller names.vaneck.comvaneck.com 2
• 0.14% a year for an actively managed fund, against a median near 0.65% across active US equity peers. Cheap enough to sit alongside index products.
• One of the two originals in VanEck's TruSector line, launched in 2025. The approach has since been extended across all 11 GICS sectors.vaneck.comvaneck.com 2
• About 80 positions, quarterly distributions, and steady day-to-day trading. On cost and tradability it lands in the upper tier of its active US equity cohort.

Worth knowing

• GTOP Thinly traded. Spreads can widen, so order type and timing matter more here than with the market's busiest funds.
• One sector, concentrated book. A technology-only portfolio moves harder than a broad market fund, in both directions.
• Broad active core rivals cost far less (DFAU 0.12%, AVLC 0.15%). The extra fee here buys concentrated tech research, not diversification.

• TRUT Part of the exposure arrives through other ETFs rather than shares the fund holds outright. That is the workaround that makes uncapped weights possible, and it adds a layer.vaneck.com
• Uncapped means concentrated. Leaning fully into tech's largest companies ties results to a handful of mega-caps more tightly than a capped sector fund would.vaneck.com
• Launched August 2025, so there is only a short record of how closely the hybrid build actually shadows an uncapped tech benchmark.

Full GTOP profile⁠

Full TRUT profile⁠