What Are Some Low-Cost S&P 500 Index Mutual Funds?


Quick Answer

Low-cost S&P 500 mutual funds include the Vanguard 500 Index Admiral, the Schwab S&P 500 Index and the State Street Equity 500 Index, notes Business Insider. These funds all offer the opportunity for diversification without active management.

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Full Answer

A mutual fund is an investment instrument that contains pools of capital from several small investors, notes CNN Money. A fund manager oversees this pool of capital and invests in particular assets. Several financial institutions, such as Vanguard, Fidelity and Schwab, offer mutual fund investment opportunities. Each institution chooses certain assets that are included in the S&P 500 index and then compiles a portfolio. An investor can then contribute capital into these funds in return for a stake of the earnings, states CNN Money.

Some of the more popular S&P mutual funds trade under the tickers VFIAX, VIFSX, SVSPX and SWPPX, as listed by Business Insider. Certain metrics are used to determine the overall performance of these funds. For instance, the net asset value is the price per share of an open-ended mutual fund, as noted by CNN Money. An investor can find out more information about a mutual fund by visiting the official web site of the related financial institution. For instance, more information on the Vanguard 500 Index Admiral (VFIAX) can be found on the official Vanguard web page.

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