# iShares S&P 500 Index Fund Institutional Shares (BSPIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/bspix for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: BlackRock · Asset class: Equity - Strategy: Passive Index · Inception: 2013-04-11 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. ## Key Facts | Metric | Value | |---|---| | Price | $885.99 | | Expense Ratio | 0.10% | | Assets Under Management | $60.08B | | NAV | $885.99 | | Holdings Count | 505 | | Distribution Yield (TTM) | 1.57% | | Annual Distribution (TTM) | $13.90 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $739.67 – $908.42 | | Beta | 1.00 | ## Latest Distribution - Amount: $2.1876 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-01 ## Frequently Asked Questions ### 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 $60.08B 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. ### Does BSPIX pay a dividend? iShares S&P 500 Index Fund Institutional Shares (BSPIX) currently distributes little or no income. Trailing-twelve-month yield is 1.57%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BSPIX pay dividends? iShares S&P 500 Index Fund Institutional Shares pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BSPIX's dividend yield? BSPIX's trailing-twelve-month yield is 1.57%, calculated from the sum of dividends over the past year divided by the current price. ### When is BSPIX's next ex-dividend date? The most recently announced ex-dividend date for BSPIX was 2026-09-30. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will BSPIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.10% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BSPIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from BSPIX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BSPIX cost more than a fund like VOO? BSPIX is a passive index fund (current expense ratio 0.10%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to BSPIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as BSPIX (0.10%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/bspix - Distribution history: https://www.dividenddata.com/funds/bspix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/bspix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/bspix/expenses - Peer comparison: https://www.dividenddata.com/funds/bspix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.