Vanguard 500 Index Fund (VFINX)
Vanguard offers investment options for personal investors as well as those seeking a business deal. Vanguard 500 Index is the Standard & Poor’s 500 Index that has been adopted by the company to offer a more personalized investing option.
VFINX investing follows a simple route. The company offers a complete guideline on account opening on its Web site. The main features of this fund are as follows. The fund is a Domestic Stock in the General category with a Large Blend. The minimum investment required under this fund is $3,000 with an expense ratio of 0.18% as of April 29, 2009.
The latest price of Vanguard 500 Fund is $103.15 per share. The SEC yield on December 21 was 1.75% of the B class shares. With total net assets of over $92 billion on a global level, it provides a nice opportunity for investments. The company charges $25 as annual account service fee for simple IRA fund investments. It charges $20 for non retirement accounts, traditional IRAs, Roth IRAs, UGMAs/UTMAs, SEP-IRAs, and education savings accounts. For 403(b)(7) plans, the annual rates are $15.
The fund is subjected to the rise and fall in the stock market and other conditions and the company does not guarantee any positive results in future. The company does not charge any purchase or redemption fees on these stocks and no fees for 12b-1 plans. Complete information, performance charts of the past months and years and research reports are available on the company Web site.