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Index funds are investment funds designed to replicate the performance of a broad market index, like the S&P 500. They offer potential rewards and risks similar to the overall market and provide a simple, cost-effective way to invest in stocks. For instance, the Equity Index 500 Fund (PREIX) aims to match the S&P 500, consisting primarily of large-cap companies that reflect a significant portion of the U.S. economy. With a net asset value of $29.85 and a Morningstar rating of ***, this fund offers a high-risk, high-reward opportunity.
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Index Funds By: Brad Chastain
Hey, what uhhh… exactly is an Index Fund? • Index funds attempt to match the performance of a broad market index. These funds offer essentially the same potential rewards – and the same risks – as the market in general. They provide an easy, cost-effective way to own stocks.
Example • Equity Index 500 Fund (PREIX) Objective: The fund seeks to match the performance of the Standard & Poor's 500 Stock Index®. The S&P 500 is made up of primarily large-capitalization companies that represent a broad spectrum of the U.S. economy and a substantial part of the U.S. stock market's total capitalization. NAV: $29.85 This is a high risk/ high reward Fund Morning Star rating ***
