To facilitate the analysis and selection of the investor, in each of these articles we group mutual funds by types or categories, registration countries and currency denomination.
This series complements the series of articles on the selection of mutual funds with ongoing publication.
In the Tools folder, a summary form containing a summary description of the main characteristics of the main funds of each category is also presented.
Mutual funds covered in this article: Vanguard Total Stock Market ETF (VTI); iShares Core S&P Total U.S. Stock Market ETF; Vanguard S&P 500 ETF (FLIGHT); iShares Core S&P 500 ETF; State Street Global Advisors SPDR S&P 500 ETF; iShares Core S&P 500 ETF; Fidelity® 500 Index Fund; Schwab® S&P 500 Index Fund SWPPX; JPMorgan Equity Index Fund; DWS S&P 500 Index Fund
These are the largest investment funds in terms of assets under management, attracting more capital and investors, as the US market is the world’s largest capital market.
Considering the importance of this market, these funds should be part of the stock investment portfolio of any individual investor.
Fund: Vanguard Total Stock Market ETF (VTI)
Ticker: VTI.IV
CUSIP: 922908769
Assets under Management (AuM): $1,400 Bn
TER: 0.03%
Benchmark: Spliced Total Stock Market Index*
Currency: USD
Domicile: US
Registered countries: US
Link: https://investor.vanguard.com/etf/profile/VTI
Morningstar Rating: ****
Fund: iShares Core S&P Total U.S. Stock Market ETF
Ticker: SPTRTMI
CUSIP: 464287150
Assets under Management (AuM): $44Bn
TER: 0.03%
Benchmark: S&P Total Market Index (TMI)
Currency: USD
Domicile: US
Registered countries: US
Link: https://www.ishares.com/us/products/239724/ishares-core-sp-total-us-stock-market-etf
Morningstar Rating: ****
Fund: Vanguard S&P 500 ETF (VOO)
Ticker: VOO.IV
CUSIP: 922908363
Assets under Management (AuM): $856Bn
TER: 0.03%
Benchmark: S&P 500 Index
Currency: USD
Domicile: US
Registered countries: US
Link: https://www.ishares.com/us/products/239724/ishares-core-sp-total-us-stock-market-etf
Morningstar Rating: *****
Fund: State Street Global Advisors SPDR S&P 500 ETF
Ticker: SPY
CUSIP: 78462F103
Assets under Management (AuM): $426Bn
TER: 0.09%
Benchmark: S&P 500 Index
Currency: USD
Domicile: US
Registered countries: US
Link: https://www.ishares.com/us/products/239726/ishares-core-sp-500-etf
Morningstar Rating: ****
Fund: iShares Core S&P 500 ETF
Ticker: SPTR
CUSIP: 464287200
Assets under Management (AuM): $317Bn
TER: 0.03%
Benchmark: S&P 500 Index
Currency: USD
Domicile: US
Registered countries: US
Link: https://www.ishares.com/us/products/239726/ishares-core-sp-500-etf
Morningstar Rating: *****
Fund: Fidelity® 500 Index Fund
Ticker: FXAIX
CUSIP: 315911750
Assets under Management (AuM): $299Bn
TER: 0.02%
Benchmark: S&P 500 Index
Currency: USD
Domicile: US
Registered countries: US
Link: https://fundresearch.fidelity.com/mutual-funds/summary/315911750
Morningstar Rating: *****
Fund: Schwab® S&P 500 Index Fund SWPPX
Ticker: SWPPX
CUSIP: 808509855
Assets under Management (AuM): $71Bn
TER: 0.02%
Benchmark: S&P 500 Index
Currency: USD
Domicile: US
Registered countries: US
Link: https://fundresearch.fidelity.com/mutual-funds/summary/315911750
Morningstar Rating: ****
Fund: JPMorgan Equity Index Fund
Ticker: OGEAX
CUSIP: 4812C1520
Assets under Management (AuM): $8Bn
TER: 0.45%
Benchmark: S&P 500 Index
Currency: USD
Domicile: US
Registered countries: US
Link: https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-equity-index-fund-a-4812c1520
Morningstar Rating: ****
Fund: DWS S&P 500 Index Fund
Ticker: SXPAX
CUSIP: 25159R700
Assets under Management (AuM): $1Bn
TER: 0.55%
Benchmark: S&P 500 Index
Currency: USD
Domicile: US
Registered countries: US
Link: https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-equity-index-fund-a-4812c1520
Morningstar Rating: ***
The following are links to all the investment funds mentioned:
https://investor.vanguard.com/etf/profile/VTI
https://www.ishares.com/us/products/239724/ishares-core-sp-total-us-stock-market-etf
https://investor.vanguard.com/etf/profile/VOO
https://www.ishares.com/us/products/239726/ishares-core-sp-500-etf
https://us.spdrs.com/etf/spdr-portfolio-large-cap-etf-SPLG
https://fundresearch.fidelity.com/mutual-funds/summary/315911750
https://www.schwab.com/research/mutual-funds/quotes/fees/swppx
https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-equity-index-fund-a-4812c1520
https://fundsus.dws.com/us/en-us/products/mutual-funds/dws-s&p-500-index-fund.html
Informational/explanatory note:
In this series we will present many of the best mutual funds available in the various geographies for the individual investor, by each category and in a structured way.
There are tens if not even hundreds of thousands of mutual funds available worldwide.
It would be unthinkable to analyze even the vast majority of them. That is why it is necessary to establish criteria to focus the analysis.
The criteria we have taken up are as follows:
The various funds are classified by several multiple categories in terms of their investment object:
In this sense, at the limit we could have up to about 56 categories (=4x7x2), but we will only cover the most important ones.
We also want to address other important factors such as the availability of mutual funds to the individual investor of the various countries of the world (domicile or origin of the investor) and the currency of denomination.
As we have seen in another article, the investment in stocks must be made in the investments currency (i.e. the securities that constitute its object or destination), while the investment in bonds must be made in the investor’s currency (from the treasury of the funds or from the origin).
We will start with stocks in the two largest geographies, world and USA, and addressing for each the two models of management, passive and active.
Next we will move on to bonds, to 3 geographies, world, USA and Eurozone, also covering the 2 management models.
Then we’ll move on to the following.
For each case, we will consider the availability of funds in the investor’s home or treasury market, seeking to meet the American and European markets (giving note of access by other countries whenever possible).
For each fund, we present its main practical characteristics, in order to allow easy identification, knowledge and investment, namely the designation, the value of assets under management, the country of domicile, and a link to the most detailed information.
The ticker or stock symbol is an abbreviation used to uniquely identify the publicly traded shares of a particular company on a given stock market.
The ISIN or International Securities Identification Number is a 12-digit alphanumeric code that identifies a specific title.
CUSIP is a unique identifier representing the Committee on Uniform Securities Identification Procedures and is used to identify securities registered in the U.S. and Canada.
The expense ratio is the rate of management fees associated with the administration of investment funds.
There are other costs associated with investing in funds, such as trading fees, legal fees, audit fees, and other operating expenses (e.g. deposit and custody of securities).
The sum of all fees associated with investment in funds is called a total expense ratio and, as we have seen in other articles, it is very important in the analysis and selection of funds.
