iShares Core S&P Total U.S. Stock Market ETF (ITOT) Overview: One Fund, 2,442 Stocks

Sonal Goyal

27 October 2026 12:07 AM AEDT

iShares Core S&P Total U.S. Stock Market ETF (ITOT) Overview: One Fund, 2,442 Stocks

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Key Highlights

ITOT had net Assets of $95.80 billion as of 23 October 2026, and the fund's expense ratio is 0.03%.
The fund holds 2,442 securities and tracks the S&P Total Market Index.
The most recent distribution was $0.452669 per share, paid on 18 September 2026.

The iShares Core S&P Total U.S. Stock Market ETF (NYSEARCA:ITOT) is a total-market index fund covering large-, mid- and small-cap U.S. stocks. On 23 October 2026 the fund had a NAV of $165.59 and a closing price of $165.57, and net assets stood at $95.80 billion. The NAV moved by -$0.80 (-0.48%) on the day.

The fund seeks to track an index of U.S. stocks across market capitalisations, as a low-cost core portfolio building block. It is listed on NYSE Arca, has traded since 20 January 2004 and pays distributions quarterly. This article sets out its structure, portfolio, costs and risk characteristics.

Fund Snapshot

iShares Core S&P Total U.S. Stock Market ETF reported a NAV of $165.59 and a closing price of $165.57 on 23 October 2026, a discount of 0.01%. There were 578,550,000 shares outstanding, and the 30-day median bid/ask spread was 0.01%. Daily Volume was 1,242,612 shares, compared with a 30-day average of 1,305,344.

Index and Objective

The fund tracks the S&P Total Market Index and is passively managed against it. Its stated aim is to track an index of U.S. stocks across market capitalisations, as a low-cost core portfolio building block. The portfolio held 2,442 securities as of 23 October 2026. The fund may use exchange-traded Index Futures to offset cash and receivables while tracking its benchmark.

Top Holdings

The ten largest positions in the portfolio were NVIDIA (6.92%), Apple (6.88%), Microsoft (5.28%), Amazon.com (3.30%), Alphabet Class A (2.55%), Broadcom (2.08%), Alphabet Class C (2.05%), Meta Platforms Class A (1.92%), Tesla (1.42%), Eli Lilly (1.38%). Together they represent 33.78% of the fund.

Whole-Market Coverage

ITOT owns stocks across market capitalisations, which is why its holdings count of 2,442 is almost five times that of the S&P 500 fund IVV, even though the largest positions are the same familiar names. NVIDIA and Apple each represent just under 7% of the fund, and the ten largest holdings together account for 33.78% of assets. The expense ratio of 0.03% matches the lowest in the iShares range.

Costs and Distributions

The total expense ratio stated in the prospectus is 0.03%. The fund's most recent distribution had a record and ex-date of 15 September 2026, was payable on 18 September 2026 and totalled $0.452669 per share, all from income. The prior distribution was $0.419307 per share, with a date of 15 June 2026.

Valuation and Risk Characteristics

As of 23 October 2026 the fund's portfolio had a P/E ratio of 28.18 and a P/B ratio of 5.01. As of 30 September 2026 its Equity Beta was 1.03 and its three-year Standard Deviation 12.89%. These figures describe the portfolio's valuation and sensitivity to market movements and are not forecasts. The fund states that investing involves risk, including possible loss of principal, and that Diversification does not protect against market risk.

Morningstar Ratings

Morningstar gave the fund an overall rating of 3 stars, rated against 1,209 Large Blend funds as of 30 September 2026, and a Gold Medalist Rating effective 27 April 2026.

The Fund in Brief

iShares Core S&P Total U.S. Stock Market ETF (ITOT) reported 2,442 holdings, $95.80 billion in net assets and a 0.03% expense ratio as of 23 October 2026.

FAQs

Q: What does iShares Core S&P Total U.S. Stock Market ETF (ITOT) track?

A: It tracks the S&P Total Market Index.

Q: What is the expense ratio of ITOT?

A: 0.03%.

Q: How many holdings does ITOT have?

A: 2,442 holdings as of 23 October 2026.

Q: How often does ITOT pay distributions?

A: Quarterly. The latest was $0.452669 per share, payable 18 September 2026.

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