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Overview
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Description
The iShares Core SP Total U.S. Stock Market ETF seeks to track the investment results of a broad-based index composed of U.S. equities. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the SP Total Market Index (the Underlying Index). The Underlying Index is comprised of the SP 500, MidCap 400 and SmallCap 600 Indexes, which together represent approximately 94% of the total U.S. equity market. The securities in the Underlying Index are weighted based on the total float-adjusted market value of their outstanding shares. Securities with higher total market values have a larger representation in the Underlying Index. The Fund generally invests at least 90% of its assets in securities of the Underlying Index and in depositary receipts representing securities of the Underlying Index.