index funds

E*TRADE Launches Two New Index Funds

index funds

E*TRADE today announced the launch of two new no-load index funds: the E*TRADE Financial Sector Index Fund and the E*TRADE Russell 2000 Index Fund.

The E*TRADE Financial Sector Index Fund will track the Dow Jones U. S. Financial Sector (DJFS) Index. The DJFS Index is compromised of approximately 300 financial stocks, including major banks, regional banks, diversified financial companies, insurance companies, real estate companies, savings and loan associations and securities brokers.

The Russell 2000 is a small-cap index comprised of a subset of the 2,000 smallest companies in the Russell 3000, and represents approximately 8% of the market capitalization of the Russell 3000.

Minimum initial investment for both index funds is $1,000 for regular accounts, and $250 for IRA accounts.

The expense ratio for the Financial Sector Index Fund is 0.95%, and 0.65% for the Russell 2000 Index Fund. The two new index funds are available only to E*TRADE customers, and shareholders must agree to receive all information about the fund electronically. Electronic transmission of fund information is designed to keep costs for the funds at a minimum.

 
Russell 2000
DJ U.S. Financial
S&P 500
Wilshire 5000 Total Market
1 month
-10.27%
-5.18%
-8.01%
-9.99%
3 month
-16.90%
-3.23%
-13.36%
-15.95%
1 year
-0.72%
12.83%
-5.34%
-5.63%
YTD
-10.81%
15.39%
-10.50%
-12.29%
3 year*
2.36%
9.95%
11.23%
10.86%
5 year*
9.05%
20.55%
16.78%
16.69%
10 year*
15.02%
-
15.10%
17.16%
15 year*
10.69%
-
13.30%
15.23%
20 year*
11.28%
-
11.83%
14.44%
Since inception
13.92%
19.83%
7.64%
13.04%

       *annualized returns               Source: Wiesenberger, as of 11/30/2000