iShares S&P 500 Index Fund - Class A Shares (BSPAX)
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iShares S&P 500 Index Fund - Class A Shares Profile
| NASDAQ Exchange | US Country |
Overview
The fund described operates as a "feeder" fund, meaning it primarily invests its resources into a Master Portfolio of the MIP, which shares the same investment objective and strategies. This particular arrangement allows the feeder fund to replicate the investment focus and performance of the Master Portfolio, aiming to achieve similar returns for its investors by pooling resources. The investment strategy focuses heavily on the S&P 500 Index, with at least 90% of the fund's assets allocated to stocks within this index. This approach ensures that the investment portfolio mirrors the composition of the S&P 500, maintaining a proportional investment in each stock relative to its weighting in the index. This strategy reflects a commitment to following a well-regarded benchmark of U.S. equity market performance, making it an attractive option for investors seeking exposure to the broad market spectrum covered by the S&P 500 Index.
Products and Services
- Master Portfolio of MIP Investment
- S&P 500 Index Focused Investments
The fund's core investment vehicle is the Master Portfolio of the Managerial Investment Plan (MIP), which aims to achieve the same investment objective and strategies as the fund itself. This structural setup allows investors to indirectly engage with a broader range of assets and strategies, leveraging the expertise of the Master Portfolio's management team.
A significant portion of the fund's strategy focuses on the S&P 500 Index, with at least 90% of the fund's assets dedicated to securities contained within this index. This specific focus on the S&P 500 enables the fund to offer investors exposure to the performance of the largest and most established companies within the U.S. equity market, following a passive investment approach that seeks to replicate the performance of the index as closely as possible. The allocation of the fund's assets in individual stocks is proportional to their representation in the S&P 500 Index, ensuring that the fund's investment strategy is aligned with the overall movements and weighting of the index.
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