iShares S&P 500 Index Fund Institutional Shares (BSPIX)
| Fund Assets | 51.30B |
| Expense Ratio | 0.10% |
| Min. Investment | $2,000,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 13.33 |
| Dividend Yield | 1.66% |
| Dividend Growth | 47.03% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 810.51 |
| YTD Return | 1.82% |
| 1-Year Return | 30.99% |
| 5-Year Return | 79.43% |
| 52-Week Low | 603.91 |
| 52-Week High | 812.01 |
| Beta (5Y) | n/a |
| Holdings | 511 |
| Inception Date | Apr 11, 2013 |
About BSPIX
The iShares S&P 500 Index Fund Institutional Shares is an open-end mutual fund designed to closely track the performance of the S&P 500 Index by investing primarily in the same large-cap U.S. equities that comprise the benchmark. The fund aims to mirror the index by holding at least 90% of its assets in S&P 500 securities, with each stock weighted proportionally to its index presence. This structure provides broad exposure to approximately 500 of the largest U.S. companies, representing about 80% of the U.S. equity market. Key industry sectors include technology, healthcare, financial services, and consumer cyclicals, with notable holdings such as Microsoft, Apple, NVIDIA, and Amazon. The fund features a competitively low expense ratio of 0.10%, making it cost-effective for institutional investors. It also maintains a low portfolio turnover and distributes dividends quarterly. With a minimum investment of $2 million, the fund is tailored for large-scale investors seeking diversified, passive exposure to U.S. large-cap stocks, and plays a significant role as a core equity allocation in institutional portfolios focused on long-term capital appreciation through broad market participation.
Performance
BSPIX had a total return of 30.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.27%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VINIX | Vanguard | Vanguard Institutional Index Fund Institutional Shares | 0.03% |
Top 10 Holdings
38.13% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 7.78% |
| Apple Inc. | AAPL | 6.42% |
| Microsoft Corporation | MSFT | 5.36% |
| Amazon.com, Inc. | AMZN | 3.90% |
| Alphabet Inc. | GOOGL | 3.29% |
| Alphabet Inc. | GOOG | 2.64% |
| Broadcom Inc. | AVGO | 2.62% |
| Meta Platforms, Inc. | META | 2.61% |
| Tesla, Inc. | TSLA | 2.03% |
| Berkshire Hathaway Inc. | BRK.B | 1.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $2.01346 | Apr 1, 2026 |
| Dec 16, 2025 | $6.62155 | Dec 17, 2025 |
| Sep 30, 2025 | $2.15609 | Oct 1, 2025 |
| Jun 30, 2025 | $2.54148 | Jul 1, 2025 |
| Mar 31, 2025 | $1.87447 | Apr 1, 2025 |
| Dec 12, 2024 | $2.96887 | Dec 13, 2024 |