- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- Jan 23, 2004
- Business
- iShares Core S&P Total U.S. Stock Market ETF (ITOT) is an exchange-traded fund that seeks to track the investment results of the S&P Total Market Index, a broad-based benchmark composed of U.S. equities including large-, mid-, small- and micro-cap stocks listed on the New York Stock Exchange and Nasdaq. Launched on January 20, 2004, and managed by BlackRock Fund Advisors under the iShares brand, the ETF provides investors with comprehensive exposure to the U.S. equity market through a passively managed portfolio of approximately 2,469 holdings; top sectors include information technology (around 32%), financials (12%), and consumer discretionary (11%), with leading positions in NVIDIA Corp., Microsoft Corp., and Apple Inc. The fund trades on NYSE Arca with a low expense ratio of 0.03%, quarterly distributions, and net assets exceeding $77 billion as of late 2025. It targets long-term investors seeking diversified, market-cap-weighted U.S. stock market participation without active management or sector tilts.
The ETF's core offerings consist of physical replication of the index via direct ownership of constituent common stocks across all market capitalizations, encompassing growth, value, and blend styles; it excludes derivatives, leverages, or ESG screens, focusing instead on full transparency of daily holdings and low-cost access to the broad U.S. equity universe. Geographically, ITOT operates exclusively within the United States, mirroring domestic-listed equities without international exposure. Headquartered in New York through its issuer BlackRock, Inc., the fund forms part of the iShares Core lineup designed for portfolio core allocations.
In recent developments, BlackRock, Inc. acquired an additional 3.5 million shares of ITOT on December 31, 2024, at $128.62 per share, increasing its holdings to over 57 million shares and underscoring the firm's strategic confidence in the ETF's alignment with U.S. market growth. The fund has sustained robust performance amid market volatility, delivering annualized returns of approximately 15% over five years and 11.5% over ten years through 2024, with assets growing to $77 billion by 2025. No major product launches, name changes, or reorganizations specific to ITOT have occurred in the last 1-2 years, though BlackRock expanded its broader iShares ETF suite with new fixed-income and large-cap customization products in 2025.