The iShares Core S&P Total U.S. Stock Market ETF is an exchange traded fund that aims to track the investment results of the S&P Total Market Index (TMI), which is a broad-based index composed of U.S. equities. The fund is managed and administered by Blackrock, an independent investment management company and a major global provider of exchange traded funds, headquartered in New York City. The fund was founded in 2004.
The aim of the fund is to provide investors with relatively low-cost and convenient access to the U.S. stock market, ranging from some of the smallest to largest companies, in a single fund. The fund has holdings across a range of sectors, including information technology, communication, consumer discretionary, and financials. The index consists of all U.S. common equities listed on the NYSE, the NASDAQ Global Select Market, the NASDAQ Select Market, the NASDAQ Capital Market, Cboe BZX, Cboe BYX, Cboe EDGA and Cboe EDGX, Inc.
The fund is committed to generally investing a minimum of 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its index. |
