No Load Index Funds List
There are many different no load index funds for investors to choose from, and each one will follow a specific index. The most common index followed is the S&P 500 but there are many other indexes as well. One of the best no load mutual funds according to many investors is the Schwab S&P 500 fund, symbol SWPPX. This fund has an expense ratio of only 0.09% and a yield of 1.8%. Morninstar gives the fund 4 stars, the fund turnover is just 3%, and the minimum investment amount is only $100. Another index fund that many investors choose is the Vanguard Growth Index Inv Fund, symbol VIGRX. A 4 star rating, a fund expense ratio of 0.24%, and a yield of 0.98% are all offered. This fund follows the S&P growth index.
The Schwab 1000 Index Fund, symbol SNXFX, is another one of the top rated no load index funds. This fund follows the largest 1000 companies in the USA, and it has a rating of 4 stars. The fund assets are calculated at $5 billion and the expense ratio for the fund is 0.29%. The minimum investment amount is $100 and the fund turnover is 5%. Vanguard is one of the well known mutual fund companies and the Vanguard Value Index Fund, symbol VIVAX, is a popular investment choice. Morningstar rates the fund at 3 stars and it has a yield of 2.32%. The fund minimum investment amount is $3,000 and the turnover rate is 23%. The expense ratio for this fund is very low at 0.24% and it follows the S&P Value Index.
One of the no load index funds that numerous investors own is the T. Rowe Price Total Equity Market Idx fund, symbol POMIX. This fund follows the Wilshire 5000 Index and it has a low expense ratio of 0.40%. Morningstar gives this fund 4 stars and the minimum investment amount is $2,500. The fund turnover is also low at 6.2% and the yield is 1.33%. Many mutual fund investors choose the Vanguard Small Cap Index Inv Fund, symbol NAESX, to follow the Russell 2000 Index. The yield for the fund is 1.07% and the expense ratio is 0.24%. Fund assets are valued at more than $26 billion. The minimum investment needed for this fund is $3,000.
Some no load index funds follow the NASDAQ 100 Index, and one of these funds is the Ryder NASDAQ 100 Inv Fund, symbol RYOCX. This fund has a YTD return of 17.88% but a high expense ratio of 1.31%. The minimum investment amount needed is reasonable at $2,500 but the fund turnover is 39% which may be too high for some investors. Shelton S&P Smallcap Index Direct Fund, symbol SMCIX, is one of the no load mutual funds that follows the S&P 600 Small Cap Index. This fund is rated 4 stars and has a turnover rate of 23% with a minimum investment of $1,000. The fund yield is 0.33% and the expense ratio is 0.74%. This fund is a small blend index fund that is a good choice for some investors.