iShares S&P 500 Index Fund Institutional Shares
BSPIX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- iShares S&P 500 Index Fund Institutional Shares (BSPIX) is an open-end investment company managed by BlackRock that seeks to provide investment results corresponding to the total return performance of the S&P 500 Index by investing substantially all of its assets in a master portfolio replicating the index's composition. The fund offers institutional investors low-cost exposure to large-cap U.S. equities across sectors including technology, financials, healthcare, and consumer discretionary; it maintains approximately 500 holdings weighted by market capitalization, with top positions typically in companies such as NVIDIA Corporation, Apple Inc., Microsoft Corporation, Alphabet Inc., and Amazon.com Inc. Launched on April 10, 2013, and domiciled in the United States with primary operations through BlackRock's headquarters in New York, the fund features a net expense ratio of 0.10%, minimum initial investment of $2 million, and quarterly dividend distributions. The Institutional Shares class (BSPIX) operates as a feeder fund into the master portfolio of BlackRock Funds III, ensuring passive tracking with low turnover of around 9-13%; it targets institutional clients seeking benchmark-aligned large blend strategies without front-end or deferred loads. Geographic focus remains on U.S.-listed securities comprising 99.6% of assets, with minimal non-U.S. stock exposure. In recent developments, portfolio management was expanded effective April 1, 2025, with the addition of Peter Sietsema, Matt Waldron, and Steven White alongside Jennifer Hsui, reflecting BlackRock's strategy to enhance oversight of its index funds amid growing assets under management exceeding $50 billion for the fund family. No major acquisitions, partnerships, funding rounds, or product launches specific to BSPIX have occurred in the last 1-2 years, though BlackRock as issuer pursued broader strategic moves including a $12 billion acquisition of HPS Investment Partners in December 2024 to bolster private credit and infrastructure capabilities. Performance remains closely aligned with the benchmark, delivering a 1-year total return of approximately 17.49% and 5-year annualized return of 16.34% as of late 2025.