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Fund Times

Vanguard Introduces New Index Funds and ETFs

Plus, Janus takes first ETF step, and more.

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Following its filing in June, Vanguard today introduced a series of eight new index funds and nine new ETFs based on various S&P domestic-equity indexes. Among the new securities is an ETF version of the  Vanguard 500 Index (VFINX) fund, which will have a rock-bottom expense ratio of 0.06%. In addition, Vanguard will bring out eight other equity index funds and ETFs benchmarked against the growth and value segments of the S&P 500 Index and segments of the S&P MidCap 400 and SmallCap 600 indexes.

In the coming months, Vanguard plans to bring out 11 more index funds with ETF shares, including seven equity index funds with ETF shares tracking portions of the large-cap Russell 1000 index series and the small-cap Russell 2000 index series, as well as one tracking the Russell 3000 Index. On the fixed-income side, Vanguard will introduce three new municipal-bond index offerings, tracking benchmarks in the S&P National AMT-Free Municipal Bond Index series.

Courtney Goethals Dobrow does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.