Low Cost S & P 500 Index Funds | United Association S&P500 Index Fund (UAIIX)

United Association S&P500 Index Fund (UAIIX)


The no load index fund strategy the United Association S&P500 Index Fund II (UAIIX) — a retail mutual fund

According to its prospectus filing on the U.S. Securities and Exchange Commission EDGAR system, the investment strategy of the United Association S&P 500 Index Fund II is “to provide investment results that, before fund expenses, approximate the aggregate price and dividend performance of the securities included in the Standard & Poor’s 500 Composite Stock Price Index (the “S&P 500 Index”) by investing in securities comprising the S&P 500 Index.”

United Association funds are not as well known as some of the other index fund giants out there. This is a no load equity index fund offered by the United Association of the Plumbers, Pipefitters and Sprinklerfitters Union, which is also made available to the public within the U.S.

The United Association’s website, states that “in March of 2000, the United Association began its own index mutual fund, the United Association S&P 500 Index Fund. This mutual fund is designed to serve the long-term investment needs of United Association local unions, individual members, their families, friends and neighbors. What sets it apart from many other funds is its accessibility to both locals and their members, as well as the general public.”

This equity index fund is one of the low cost S&P500 index funds that individual investors can buy directly.

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 to buy them. Either call them or download the 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 index mutual fund.

Overview of this no load equity index fund

The index mutual fund changes an annual management expense ratio of .16%. There are no sales loads charges or 12b1 fees to pay, when you invest in this fund directly.

Annual turnover is a trading cost proxy for the hidden transactions fees that mutual funds pay when they buy or sell. With a 13% annual turnover rate, transactions costs are likely to be very low.

Since the United Association S&P 500 Index Fund II is not widely promoted and not well known, it only has total net assets of $274 million. A minimum initial deposit of $1,000 is required for individual investor to open a taxable account.

The fund family website is www.uafund.com. This fund’s toll-free customer service telephone number 1-888-766-8043. The fund trades under the symbol UAIIX.

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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