BlackRock, the world's largest asset manager, has unveiled a new exchange-traded fund (ETF) tailored for investors seeking concentrated exposure to the largest U.S. companies. The iShares S&P 500 Top 20 ETF (TOPT) focuses exclusively on the top 20 companies within the S&P 500 index, ranked by market capitalization.
This ETF is designed to provide targeted access to the mega-cap stocks that significantly influence the S&P 500's overall performance. With a highly competitive expense ratio of 0.03%, BlackRock continues to deliver cost-efficient investment solutions for both retail and institutional investors.
Key Features of the S&P 500 Top 20 ETF
The S&P 500 is a widely recognized benchmark for the U.S. equity market, encompassing a diverse array of industries. However, the iShares S&P 500 Top 20 ETF takes a more focused approach, offering exposure to the top-tier companies that dominate the market. This strategy allows investors to capture the potential growth of some of the most influential and innovative corporations in the world.
With this launch, BlackRock adds yet another compelling option to its extensive lineup of ETFs, meeting the needs of those who prefer a more concentrated investment approach within the framework of the broader S&P 500. S&P Top 20 Holdings
As of November 17, 2024, the top 20 companies in the S&P 500 by market capitalization are:
Nvidia Corp (NVDA): 7.03%
Apple Inc. (AAPL): 6.71%
Microsoft Corp (MSFT): 6.12%
Amazon.com Inc (AMZN): 3.80%
Meta Platforms, Inc. Class A (META): 2.51%
Alphabet Inc. Class A (GOOGL): 2.08%
Tesla, Inc. (TSLA): 1.95%
Alphabet Inc. Class C (GOOG): 1.83%
Berkshire Hathaway Inc. Class B (BRK.B): 1.83%
Broadcom Inc. (AVGO): 1.25%
UnitedHealth Group Inc. (UNH): 1.28%
Exxon Mobil Corp (XOM): 1.27%
Eli Lilly and Co (LLY): 1.21%
JPMorgan Chase & Co (JPM): 1.18%
Johnson & Johnson (JNJ): 1.07%
Visa Inc. Class A (V): 1.05%
Procter & Gamble Co (PG): 0.99%
Mastercard Inc. Class A (MA): 0.93%
Home Depot Inc. (HD): 0.85%
Chevron Corp (CVX): 0.81%
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Disclaimer: Not Financial Advice
This article is for informational purposes only and should not be considered financial or investment advice. Please consult a licensed financial advisor or conduct your own research before making investment decisions.
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