The main characteristics of top broad index funds include low cost, low turnover and long-lasting exposure to value, explains U.S. News & World Report. As of 2015, the Vanguard Value Index Fund is listed as one of the top index funds. This fund is a solid choice for long-term investors looking an index fund with these characteristics.
Like many other funds of large-cap value, the Vanguard Value Index Fund includes in its holdings larger stocks that don't qualify being termed as deep-value investments, claims U.S. News & World Report. It says that the fund is tax efficient and has a low turnover and low cost, qualities that enhance its reliability as a choice when looking to access more out-of-favor bits of the market.
In its list, U.S. News & World Report also includes the Vantagepoint Broad Market Index Fund. It says that this fund is about offering long-term capital growth. Vantagepoint Broad Market Index Fund and Vanguard Value Index Fund have qualities such as average fees and average risk when compared to other funds in the same category, notes U.S. News & World Report. It goes on to cite Morningstar, which is a publication that gives detailed analysis of the stock market and investment advice on the same.