The iShares PHLX Semiconductor ETF aims at tracking the investment results of an index composed of the United States equities in the semiconductor sector. It is a passively managed fund that provides concentrated exposure to 30 of the largest United States listed semiconductor companies. It includes the manufacturers of materials with semiconductors that are used in electronic applications or in the LED and OLED technology and the suppliers of service or equipment that is associated with semiconductors. In order for a company to be eligible for the index, the companies need to meet the investment criteria and liquidity requirements that include a minimum market capitalization of $100 million. It employs market cap weighting with a capping methodology.;