iShares S&P 500 Index Fund Investor A Shares

Frequently Asked Questions About BSPAX

What does BSPAX invest in?

The primary goal of this fund is to replicate the overall return performance of the broad market of publicly traded common stocks, as measured by the Standard & Poor's 500® Index. Operating as a feeder fund, it channels all its capital into the MIP Master Portfolio, which shares identical investment objectives and strategies. At least 90% of its assets are directly invested in the constituent securities of the S&P 500 Index. Furthermore, the fund strives to mirror the individual stock weightings found within the S&P 500, meaning its allocation to each stock roughly corresponds to that stock's representation in the index.

What is the expense ratio of BSPAX?

iShares S&P 500 Index Fund Investor A Shares (BSPAX) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BSPAX?

iShares S&P 500 Index Fund Investor A Shares (BSPAX) manages $60.40B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is BSPAX actively managed or an index fund?

BSPAX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (BSPAX's is 0.35%) because there's no security selection cost.

When was BSPAX launched?

iShares S&P 500 Index Fund Investor A Shares (BSPAX) launched in April 2013 and is managed by BlackRock.

How has BSPAX performed?

BSPAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.