ITOT was created on 2004-01-20 by iShares. The fund's investment portfolio concentrates primarily on total market equity. ITOT tracks a market cap-weighted index of all common equities listed on the NYSE and the NASDAQ.
This ETF gives investors an option for achieving low cost exposure to a broad basket of domestic stocks; the underlying index essentially is created by combining the S&P 500 with popular small cap (600 stocks) and mid cap (400 stocks) indexes as well. As such, ITOT can be a one stop shop for domestic equity exposure, including equities across a number of different sectors and companies of various sizes as well.