|Expense Ratio (net)||0.17%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Average|
|Beta (3Y Monthly)||0.95|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Nov 2, 1992|
E*TRADE is the only major online broker to offer Vanguard mutual funds within its no-load, no-transaction-fee program
It's no secret that value investing has struggled. When Vanguard introduced its Vanguard Growth Index Fund VIGRX and Vanguard Value Index Fund VIVAX index-fund series in 1998, history suggested that Value would lead, comfortably. Value did indeed begin well, courtesy of the 2000-02 technology-stock crash, but over the trailing five-, 10-, and 15-year periods (through July 31), Growth Fund is ahead.
Rather than going through countless stocks and bonds, Massachusetts Investment Trust (now, MFS Investment Management) launched the first open-ended mutual fund for the American marketplace. The idea was to make it easier for individual investors to capitalize on the best of the markets without having to take so much time to analyze individual securities. Also, that they could make smaller investments that could be pooled to provide greater diversity without sacrificing costs for transactions.