iShares S&P 500 3% Capped ETF

Frequently Asked Questions About TOPC

What does TOPC invest in?

This ETF's primary goal is to replicate the financial performance of a particular benchmark. This underlying index is built from the companies that make up the S&P 500, with the important stipulation that no individual company's proportion within the index can exceed 3%.

What is the expense ratio of TOPC?

iShares S&P 500 3% Capped ETF (TOPC) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TOPC?

iShares S&P 500 3% Capped ETF (TOPC) manages $30.8M 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 TOPC actively managed or an index fund?

TOPC 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 (TOPC's is 0.15%) because there's no security selection cost.

When was TOPC launched?

iShares S&P 500 3% Capped ETF (TOPC) launched in April 2025 and is managed by IShares.

How has TOPC performed?

TOPC'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.