The iShares Core S&P 500 ETF (NYSE ARCA:IVV) tracks the performance of the large-capitalization sector of the U.S. equity market, which is determined by S&P Dow Jones Indices (SPDJI). This means the fund focuses on the largest and most established companies in the US stock market.
The ETF's investment strategy is designed to closely follow its underlying index. To achieve this, the fund typically invests at least 80% of its assets in the same securities that make up the index. This ensures that the fund's performance is closely aligned with the performance of the large-cap US equity market. In addition, the fund may invest up to 20% of its assets in other securities that have similar economic characteristics to the index components, such as futures, options, and swap contracts, as well as cash and cash equivalents.
The iShares Core S&P 500 ETF is a US-domiciled fund, which means it is registered and operates in the United States. For more information about the fund, you can visit the iShares website at http://www.ishares.com.