Not All S&P 500 Index Funds Are Alike

Citing a recent Investment Company Institute study, Meg Richards of The Associated Press explores why not all S&P 500 funds are alike, in this article from thestate.com, saying, "Even though their underlying holdings are practically identical, variations in asset levels, account size, minimum investment requirements and, most of all, fees, can have a significant impact your total return." Richards explains some of the differences among the Vanguard 500 Index fund (VFINX), the Fidelity Spartan 500 fund (FSMKX), and the SPDRs exchange-traded fund (SPY).

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(May '04-Jun '05)