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Submission: On December 16 via api from BE — Scanned from US
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<i aria-hidden="true" class="fa fa-chevron-down"></i> WHAT IS TOPT? </span>
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<i aria-hidden="true" class="fa fa-chevron-up"></i> WHAT IS TOPT? </span>
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<p>The iShares Top 20 U.S. Stocks ETF seeks to track the investment results of an index comprised of the 20 largest U.S. companies by market capitalization within the S&P 500 index. TOPT is designed to help investors benefit from
the potential growth of the biggest, and some of the most recognizable, companies in the U.S.</p>
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<i aria-hidden="true" class="fa fa-chevron-down"></i> WHAT IS AN INDEX? </span>
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<i aria-hidden="true" class="fa fa-chevron-up"></i> WHAT IS AN INDEX? </span>
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<p>An index is a statistical measure that represents the value of a group of assets. It is often used to track the performance of a specific segment of the financial market. For example, the S&P 500 Index tracks the performance of
500 large companies listed on stock exchanges in the United States. Indices can be used for various purposes, such as benchmarking the performance of investment portfolios or creating index funds that aim to replicate the
performance of the index.</p>
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<i aria-hidden="true" class="fa fa-chevron-down"></i> WHAT IS MARKET CAPITALIZATION? </span>
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<i aria-hidden="true" class="fa fa-chevron-up"></i> WHAT IS MARKET CAPITALIZATION? </span>
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<p>Market capitalization refers to the total market value of a company's outstanding shares of stock. It is calculated by multiplying the current share price by the total number of outstanding shares. Market capitalization is often
used to determine the size of a company and compare it with others. For instance, companies are typically categorized as large-cap, mid-cap, or small-cap based on their market capitalization. There are many factors that impact a
company's market capitalization, with two significant factors being a company's current revenue and its expected revenue growth. "Mega cap" companies, companies with the largest market capitalization, are considered "mega cap"
because of the market's belief that future revenue warrants the current share price.</p>
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<i aria-hidden="true" class="fa fa-chevron-down"></i> HOW OFTEN IS TOPT UPDATED TO REFLECT THE TOP 20 COMPANIES? </span>
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<i aria-hidden="true" class="fa fa-chevron-up"></i> HOW OFTEN IS TOPT UPDATED TO REFLECT THE TOP 20 COMPANIES? </span>
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<p>The iShares Top 20 U.S. Stocks ETF was launched on 10/24/24 with the largest 20 companies in the S&P 500, based on market capitalization. The fund is dynamically rebalanced on a quarterly basis - the 3rd Friday of March, June,
September, and December - to maintain exposure to the 20 largest companies on a rolling basis, though it may not reflect current rankings between rebalances.</p>
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<i aria-hidden="true" class="fa fa-chevron-down"></i> WHAT SECTOR EXPOSURES ARE INCLUDED IN TOPT? </span>
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<i aria-hidden="true" class="fa fa-chevron-up"></i> WHAT SECTOR EXPOSURES ARE INCLUDED IN TOPT? </span>
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<p>The iShares Top 20 U.S. Stocks ETF provides investors with access to companies across a variety of sectors of the U.S. stock market. At launch on 10/24/24, the fund has exposure to communication services, consumer discretionary,
consumer staples, financials, technology, healthcare, and energy.</p>
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<span>
<i aria-hidden="true" class="fa fa-chevron-down"></i> WHAT POTENTIAL ADVANTAGES DOES TOPT OFFER? </span>
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<i aria-hidden="true" class="fa fa-chevron-up"></i> WHAT POTENTIAL ADVANTAGES DOES TOPT OFFER? </span>
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<p>TOPT seeks to provide investors with a simple way to access the strength of the 20 largest companies in the U.S. and empower their portfolio with:</p>
<ul>
<li><strong>Exposure: </strong>TOPT holds some of the largest companies in the technology, consumer goods, communications, healthcare, and financial services sectors. Notable holdings include Apple, Amazon, Meta, Johnson &
Johnson, and JP Morgan Chase.</li>
<li><strong>Access: </strong>Investors can gain access to these companies, which represents ~$25.5 trillion in market capitalization, which is almost as large as the U.S. economy (2023 GDP of $27T).<sup>2</sup></li>
<li><strong>Scale:</strong> Collectively, the top 20 companies operate in more than 160 countries around the world.<sup>3</sup></li>
<li><strong>Growth:</strong> Over the last 12 months, these companies have returned 45%, generated $623 billion of free cash flow, and seen revenue growth of ~4%, outpacing the growth of the U.S economy (2023 GDP growth of
2.5%).<sup>4</sup></li>
<li><strong>Affordability: </strong>Investors can gain exposure to the strength of these companies through one share of TOPT, which could cost more than $7,000 to purchase individually.<sup>5</sup></li>
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<span>
<i aria-hidden="true" class="fa fa-chevron-down"></i> WHAT'S THE DIFFERENCE BETWEEN TOPT AND IVV? </span>
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<i aria-hidden="true" class="fa fa-chevron-up"></i> WHAT'S THE DIFFERENCE BETWEEN TOPT AND IVV? </span>
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<p>While TOPT and the iShares Core S&P 500 ETF (IVV) seek to track the performance of a group of companies with certain characteristics, they offer investors uniquely different opportunities.</p>
<ul>
<li>iShares Core S&P 500 ETF (IVV) seeks to track the entirety of the S&P 500 Index, which is comprised of the 500 largest U.S. stocks by market capitalization.</li>
<li>iShares Top 20 U.S. Stocks ETF (TOPT) seeks to track a targeted subset of the S&P 500 index, which is comprised of the 20 largest U.S. stocks by market capitalization.</li>
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<i aria-hidden="true" class="fa fa-chevron-down"></i> WHERE CAN ONE BUY TOPT? </span>
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<i aria-hidden="true" class="fa fa-chevron-up"></i> WHERE CAN ONE BUY TOPT? </span>
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<p>Investors can purchase shares of the iShares Top 20 U.S. Stocks ETF on traditional brokerage platforms — the same place investors can also purchase stocks, bonds, and other ETFs.</p>
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Skip to content * BlackRock * iShares * Aladdin United States Sign In CLOSE CHANGE YOUR LOCATION * United States * United States * Location not listed Primary Navigation * Our Funds Our Funds * FIND A FUND * View all funds * Explore by goals * Compare ETFs * Discover by holdings * ASSET CLASS * Equity * Fixed Income * Commodities * Real Estate * Multi-Asset * TRENDING * Core * Build * Treasuries * NEW: Digital Assets Collection * AI & Tech * Dividends * All-in-One ETFs * ADVISORS: FIND CORRELATED FUNDS * Investment Strategies Investment Strategies OUR STRATEGIES * GET STARTED * Investing with ETFs * Invest with bond ETFs * Income investing * Explore top stocks ETF * GO FURTHER * How to get exposure to Bitcoin ETPs * Get exposure to Ether * Seek to outperform with active ETFs * Navigate turbulent markets * Invest in future trends * ADVISORS: REDESIGN PORTFOLIOS * Market Insights Market Insights OUTLOOK & INSIGHTS * MARKET INSIGHTS * 2025 Thematic Outlook * 2024 Fall Investment Directions * Bitcoin ETPs – A new era of exposure * ETF FLOWS * Last month's ETF flows * View all ETF flows * ADVISORS: EXPLORE LATEST INSIGHTS * Education Education INVESTOR EDUCATION CENTER * INVESTING 101 * Intro to asset allocation * Benefits of long-term investing * Intro to diversification * View all * ETF EDUCATION * What is an ETF? * How to buy ETFs * ETFs vs Mutual Funds * View all * INVESTMENT STRATEGIES & ASSET CLASSES * Intro to bonds * Intro to index funds * Intro to Bitcoin * View all * PREPARING FOR RETIREMENT * Map your route to retirement * Start your retirement transition * How much do you need to retire? * View all * ADVISORS: EARN CE CREDITS * Resources Resources * TOOLS * Build a diversified portfolio * View all tools * DOCUMENTS * Capital gains distributions * Tax documents * Financial & legal * View all documents * INSTITUTIONAL INVESTORS * Partner with iShares * Explore fixed income ETFs * iShares model consulting service * View all institutional tools * ADVISORS: BUILD iBONDS LADDER * About Us About Us * GET TO KNOW iSHARES * About us * Contact us * United States Change location * United States * United States * Location not listed * Sign In * BlackRock * iShares * Aladdin Compare FundsCompare Search CLOSE SEARCH Enter ticker or keyword to search site SEARCH -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 1 of 4 2 of 4 3 of 4 4 of 4 Go to Compare Close 20 BIG STOCKS, 1 SIMPLE TRADE With the iShares Top 20 U.S. Stocks ETF (TOPT), you can get access to big stocks like Apple, Microsoft, and NVIDIA in just one tap. VIEW PRODUCT DETAILS BUY TOPT SEE WHAT'S INSIDE YOUR INVESTMENT Access multiple sectors with the largest, and some of the most recognizable, companies by market capitalization in the U.S. TOP 5 COMPANIESIT & COMMUNICATION SERVICESFINANCIALSHEALTHCARECONSUMER RELATEDENERGY TOP 5 COMPANIES The top 5 companies in TOPT represent $15 trillion in market cap, which is more than half the size of the U.S. economy.¹ 1. APPLE Apple Inc (AAPL) 15.96% Information Technology 2. MICROSOFT Microsoft Corp (MSFT) 14.89% Information Technology 3. NVIDIA Nvidia Corp (NVDA) 13.13% Information Technology 4. META Meta Platforms, Inc Class A (META) 4.82% Communication Services 5. AMAZON Amazon.com Inc (AMZN) 4.56% Consumer Discretionary SEE FULL LIST OF COMPANIES INFORMATION TECHNOLOGY & COMMUNICATION SERVICES These companies are reshaping the world we live in, creating digital experiences and enabling AI, as well as producing content and the platforms for us to consume them. APPLE Apple Inc (AAPL) 15.96% Information Technology MICROSOFT Microsoft Corp (MSFT) 14.89% Information Technology NVIDIA Nvidia Corp (NVDA) 13.13% Information Technology META Meta Platforms, Inc Class A (META) 4.82% Communication Services BROADCOM Broadcom Inc (AVGO) 4.49% Information Technology GOOGLE Alphabet Inc A 2.60% Alphabet Inc C 2.15% Communication Services SEE FULL LIST OF COMPANIES FINANCIALS The finance industry is experiencing growth in several areas such as fintech and digital payments led by technological innovation, regulatory changes, and evolving consumer preferences. BERKSHIRE HATHAWAY Berkshire Hathaway Inc Class B (BRK/B) 4.41% Financials JP MORGAN CHASE JP Morgan Chase & Co (JPM) 3.39% Financials VISA Visa Inc Class A (V) 2.68% Financials MASTERCARD Mastercard Inc Class A (MA) 2.29% Financials SEE FULL LIST OF COMPANIES HEALTHCARE The healthcare industry has seen multiple paradigm shifts, including areas like biotech and wearable technologies. ELI LILLY Eli Lilly (LLY) 4.10% Heathcare UNITEDHEALTH Unitedhealth Group Inc (UNH) 2.99% Healthcare JOHNSON & JOHNSON Johnson & Johnson (JNJ) 2.23% Healthcare ABBVIE AbbVie Inc (ABBV) 1.93% Healthcare SEE FULL LIST OF COMPANIES CONSUMER DISCRETIONARY & STAPLES The shift to e-commerce and demand for more sustainable products have upended the retail industry, but the business of providing Americans the products and services they need — and want — never goes out of style. AMAZON Amazon.com Inc (AMZN) 4.56% Consumer Discretionary TESLA Tesla Inc (TSLA) 3.73% Consumer Discretionary HOME DEPOT Home Depot Inc (HD) 2.18% Consumer Discretionary PROCTER & GAMBLE Procter & Gamble (PG) 2.31% Consumer Staples COSTCO Costco Wholesale Corp (COST) 2.27% Consumer Staples SEE FULL LIST OF COMPANIES ENERGY The energy sector has seen massive technological advancements, policy changes, and shifting consumer preferences, namely in renewable energy, energy storage, electric vehicles and more. EXXON MOBIL Exxon Mobil Corp (XOM) 2.89% Energy SEE FULL LIST OF COMPANIES FREQUENTLY ASKED QUESTIONS WHAT IS TOPT? WHAT IS TOPT? The iShares Top 20 U.S. Stocks ETF seeks to track the investment results of an index comprised of the 20 largest U.S. companies by market capitalization within the S&P 500 index. TOPT is designed to help investors benefit from the potential growth of the biggest, and some of the most recognizable, companies in the U.S. WHAT IS AN INDEX? WHAT IS AN INDEX? An index is a statistical measure that represents the value of a group of assets. It is often used to track the performance of a specific segment of the financial market. For example, the S&P 500 Index tracks the performance of 500 large companies listed on stock exchanges in the United States. Indices can be used for various purposes, such as benchmarking the performance of investment portfolios or creating index funds that aim to replicate the performance of the index. WHAT IS MARKET CAPITALIZATION? WHAT IS MARKET CAPITALIZATION? Market capitalization refers to the total market value of a company's outstanding shares of stock. It is calculated by multiplying the current share price by the total number of outstanding shares. Market capitalization is often used to determine the size of a company and compare it with others. For instance, companies are typically categorized as large-cap, mid-cap, or small-cap based on their market capitalization. There are many factors that impact a company's market capitalization, with two significant factors being a company's current revenue and its expected revenue growth. "Mega cap" companies, companies with the largest market capitalization, are considered "mega cap" because of the market's belief that future revenue warrants the current share price. HOW OFTEN IS TOPT UPDATED TO REFLECT THE TOP 20 COMPANIES? HOW OFTEN IS TOPT UPDATED TO REFLECT THE TOP 20 COMPANIES? The iShares Top 20 U.S. Stocks ETF was launched on 10/24/24 with the largest 20 companies in the S&P 500, based on market capitalization. The fund is dynamically rebalanced on a quarterly basis - the 3rd Friday of March, June, September, and December - to maintain exposure to the 20 largest companies on a rolling basis, though it may not reflect current rankings between rebalances. WHAT SECTOR EXPOSURES ARE INCLUDED IN TOPT? WHAT SECTOR EXPOSURES ARE INCLUDED IN TOPT? The iShares Top 20 U.S. Stocks ETF provides investors with access to companies across a variety of sectors of the U.S. stock market. At launch on 10/24/24, the fund has exposure to communication services, consumer discretionary, consumer staples, financials, technology, healthcare, and energy. WHAT POTENTIAL ADVANTAGES DOES TOPT OFFER? WHAT POTENTIAL ADVANTAGES DOES TOPT OFFER? TOPT seeks to provide investors with a simple way to access the strength of the 20 largest companies in the U.S. and empower their portfolio with: * Exposure: TOPT holds some of the largest companies in the technology, consumer goods, communications, healthcare, and financial services sectors. Notable holdings include Apple, Amazon, Meta, Johnson & Johnson, and JP Morgan Chase. * Access: Investors can gain access to these companies, which represents ~$25.5 trillion in market capitalization, which is almost as large as the U.S. economy (2023 GDP of $27T).2 * Scale: Collectively, the top 20 companies operate in more than 160 countries around the world.3 * Growth: Over the last 12 months, these companies have returned 45%, generated $623 billion of free cash flow, and seen revenue growth of ~4%, outpacing the growth of the U.S economy (2023 GDP growth of 2.5%).4 * Affordability: Investors can gain exposure to the strength of these companies through one share of TOPT, which could cost more than $7,000 to purchase individually.5 WHAT'S THE DIFFERENCE BETWEEN TOPT AND IVV? WHAT'S THE DIFFERENCE BETWEEN TOPT AND IVV? While TOPT and the iShares Core S&P 500 ETF (IVV) seek to track the performance of a group of companies with certain characteristics, they offer investors uniquely different opportunities. * iShares Core S&P 500 ETF (IVV) seeks to track the entirety of the S&P 500 Index, which is comprised of the 500 largest U.S. stocks by market capitalization. * iShares Top 20 U.S. Stocks ETF (TOPT) seeks to track a targeted subset of the S&P 500 index, which is comprised of the 20 largest U.S. stocks by market capitalization. WHERE CAN ONE BUY TOPT? WHERE CAN ONE BUY TOPT? Investors can purchase shares of the iShares Top 20 U.S. Stocks ETF on traditional brokerage platforms — the same place investors can also purchase stocks, bonds, and other ETFs. BROADEN YOUR PORTFOLIO WITH OUR BUILD ETFS Explore our ETF building blocks to construct and fine-tune your portfolio MEGA CAPLARGE CAPLARGE/MID CAP MEGA CAP Equity iShares Top 20 U.S. Stocks ETF TOPT SUSTAINABILITY Add To CompareView Equity iShares Nasdaq Top 30 Stocks ETF QTOP SUSTAINABILITY Add To CompareView LARGE CAP SUSTAINABILITY Add To CompareView SUSTAINABILITY Add To CompareView LARGE/MID CAP SUSTAINABILITY Add To CompareView LEARN MORE ABOUT TOPT Explore additional resources about TOPT to understand how it works and for a closer look at each of the top 20 U.S. companies. Inside TOPT: 20 Big Stocks You don't have to know how to pick stocks to access top companies. Learn more about the 20 companies in TOPT. How does TOPT work? Discover what an index is, the different types of indices, why they matter to investing, and how they play a role in the making of index funds, like TOPT. 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Continue to third-party site Cancel 1S&P Global Indices for market cap as of Sept. 23, 2024; Bureau of Economic Analysis for GDP as of September 26, 2024. 2S&P Global Indices for market cap as of Sept. 23, 2024; Bureau of Economic Analysis for GDP as of September 26, 2024. 3Company financial filings as of Sept. 30, 2024. 4Bloomberg as of 9/30/2024. Past performance is no guarantee of future results. 5Bloomberg using share prices as of Sept. 24, 2024. The sum of purchasing one individual share of each of the top 20 members was $6,996.21. -------------------------------------------------------------------------------- Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses, which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. Read the prospectus carefully before investing. 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