iShares S&P 500 Index Fund Institutional Shares

Frequently Asked Questions About BSPIX

What does BSPIX invest in?

This fund operates as a "feeder" vehicle, allocating all of its capital into the Master Portfolio, which is managed by MIP. This Master Portfolio shares identical investment objectives and strategies with the fund. A substantial portion, specifically at least 90%, of the fund's holdings are invested in the constituent securities of the S&P 500 Index. Furthermore, the fund aims to mirror the S&P 500's weighting, meaning the proportion of its assets invested in any particular stock will closely correspond to that stock's representation within the broader index.

What is the expense ratio of BSPIX?

iShares S&P 500 Index Fund Institutional Shares (BSPIX) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations.

How big is BSPIX?

iShares S&P 500 Index Fund Institutional Shares (BSPIX) 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 BSPIX actively managed or an index fund?

BSPIX 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 (BSPIX's is 0.10%) because there's no security selection cost.

When was BSPIX launched?

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

How has BSPIX performed?

BSPIX'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.