Low Cost S & P 500 Index Funds | California Investment S&P 500 Index Fund (SPFIX)

California Investment S&P 500 Index Fund (SPFIX)


The Standard & Poors 500 stock index is the most common equity index fund benchmark in the U.S.

The S&P 500 tracks about 75% of publicly traded U.S. equity market asset value. The dominant issue in choosing among passively managed index mutual funds and ETF funds benchmarked against the S & P 500 is that securities industry management and trading fees are all over the map from reasonably low to shockingly high.

If you are naive enough to pay higher expense ratios for what are just commodity S&P 500 index funds, then the high investment fees that you pay are just a wealth transfer from you to the financial industry that repeatedly bleeds your personal investment portfolio.

The California Investment S&P 500 Index Fund (SPFIX) is one of the lowest cost no load index funds that individual investors can buy.

To buy index funds, click on any of the 10 low cost, no load S&P 500 index funds below to find additional information about them. The article “Top 10 S&P 500 Index Funds” explains how this list was developed. The five letter term in parentheses is the fund’s trading symbol.

  1. California Investment S&P 500 Index Fund (SPFIX)
  2. Fidelity Spartan 500 Index Fund (FSMKX)
  3. Schwab S & P 500 Index Fund (SWPPX)
  4. SSga S&P 500 Index Fund (SVSPX)
  5. T Rowe Price Equity Index Fund 500 (PREIX)
  6. United Association S&P500 Index Fund (UAIIX)
  7. USAA S&P 500 Index Fund – Member (USSPX)
  8. Vanguard 500 Index Fund – Admiral (VFIAX)
  9. Vanguard 500 Index Fund (VFINX)
  10. Vantagepoint 500 Index Fund – Stock II (VPSKX)

You should be able to go directly to most of these 10 funds and call them or download investment forms from their websites. When you shop for any investment, always pay attention to the details. Understand whether there are other restrictions, costs, and purchase conditions associated with buying any .

Overview of the California Investment S&P 500 Index Fund – Direct Shares

According to California Investment Trust’s website, the investment strategy of the California Investment S&P 500 index mutual fund is to seek “investment results that correspond to the total return of large sized publicly traded companies as represented by the Standard & Poor’s 500 Composite Stock Index.” You can obtain shares directly from the California Investment Trust with an opening balance as low as $1,000.

While you should check for current information, recently the California Investment S&P 500 Index Fund – Direct had an annual expense ratio of .36%. Since you can buy directly, there are no financial advisor sales loads, and the fund does not charge any 12b1 marketing fees. Annual portfolio turnover is about 4%, which keeps trading costs low.

With total net assets of $107.3 million, the California Investment S&P 500 Index Fund is relatively small, when compared to some of the other giant S&P 500 index funds out there. Thus, the fund might find it some challenging to operate efficiently at this scale. This index mutual fund’s .36% expense ratio is subsidized with a waiver and would have been .17% higher without reimbursement by the fund manager. Remember to check to see whether the fund intends to continue this waiver.

Tracking the Standard and Poors 500 index fund composite index, of course, this fund invests in United States equity securities that have large market capitalizations. This equity index fund was first offered in 1992, and it trades under the symbol, SPFIX. Portfolio shares for direct investments by individual investors are named “Direct Shares.”

You can find the fund family’s website at www.caltrust.com. Their toll free customer service telephone number is 800-225-8778.

Your decision on whether to purchase or to sell any investment is yours and yours alone. READ OUR WEBSITE DISCLAIMER HERE: No Load Index Funds

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