Cheapest S&P 500 Index Funds
October 1, 2009 by Jim
x fund and you’re paying an expense ratio greater than 0.35%, you’re getting ripped off. I created a list of index funds from major brokers, like Vanguard, Fidelity, and Schwab, looked up their expense ratios on Google Finance, and then listed them in the order from cheapest to most expensive.None of the funds on the list have a sales load of any kind and I was surprised to find a fund as cheap as 0.09%. I was even more surprised to find index funds that charged over 1%. Check out State Farm S&P 500 Index B – it has a 1.49% expense ratio and a 5% deferred load! (a deferred load is a fee that is charged when you sell an asset) It has $425M in total assets too and each one of their customers is getting ripped off.
Cheapest S&P 500 Index Funds
| Fund Name | Ticker | Expense Ratio | Fund Minimum |
| Schwab S&P 500 Index Sel | SWPPX | 0.09% | $100 |
| Fidelity Spartan 500 Index | FSMKX | 0.10% | $10,000 |
| Columbia Large Cap Index Fund | NINDX | 0.14% | $2,500 |
| E*TRADE S&P 500 Index Fund | ETSPX | 0.16% | $5,000 |
| Vanguard 500 Index Fund | VFINX | 0.18% | $3,000 |
| SSgA S&P 500 Index | SVSPX | 0.18% | $10,000 |
| USAA S&P 500 Index Fund | USSPX | 0.26% | $3,000 |
| Vantagepoint 500 Stock Index II | VPSKX | 0.26% | $0 |
| DWS Equity 500 Index Fund | BTIEX | 0.32% | $2,500 |
| T. Rowe Price Equity Index 500 | PREIX | 0.35% | $2,500 |
If you know of an S&P 500 Index fund that should be on the list, please let me know.
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