Trump Accounts to offer Vanguard, iShares and State Street index ETFs
U.S. Securities and Exchange Commission chair Paul Atkins discusses the value of Trump investment accounts on Kudlow.
The Treasury Department on Wednesday announced the lineup of investment funds that will be available in Trump Accounts for families to choose from in the months ahead as they use the accounts to invest in their children’s futures.
When the program officially launches on July 4, all contributions to Trump Accounts will be invested by default in the State Street SPDR Portfolio S&P 500 ETF (SPYM), which is a low-cost exchange-traded fund (ETF) that tracks the performance of the S&P 500 Index.
Treasury’s announcement said that the fund was chosen because it provides broad exposure to the U.S. stock market and maintains expenses at a level that’s well below the expense ratio limit of 0.1% established by the One Big Beautiful Bill Act, which created Trump Accounts.
GOLDMAN SACHS TO CONTRIBUTE $1,000 TO TRUMP ACCOUNTS FOR ELIGIBLE CHILDREN OF EMPLOYEES
Trump Accounts will officially debut on July 4. (Valerie Plesch/Bloomberg via Getty Images)
While the SPYM ETF will be the default investment when the Trump Accounts launch, the Treasury Department said that it is planning to make several other funds available to investors in the months ahead once the functionality is available on the platform.
Four other low-cost ETFs that track broad indexes will be available in Trump Accounts in the future:
- iShares Core S&P 500 ETF (IVV)
- Vanguard Total Stock Market ETF (VTI)
- State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM)
- iShares Core S&P Total U.S. Stock Market ETF (ITOT)
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SPYM | STATE STREET® SPDR® PORTFOLIO S&P 500® ETF – USD DIS | 87.66 | -0.11 | -0.13% |
| IVV | ISHARES CORE S&P 500 ETF – USD DIS | 749.10 | +0.21 | +0.03% |
| VTI | VANGUARD TOTAL STOCK MARKET ETF – USD DIS | 369.27 | -0.77 | -0.21% |
| SPTM | STATE STREET® SPDR® PORTFOLIO S&P 1500® COMPOSITE STOCK MARKET ETF – USD DIS | 90.63 | -0.16 | -0.18% |
| ITOT | ISHARES TRUST CORE S&P TOTAL US STOCK MKT | 164.02 | -0.25 | -0.15% |
HERE’S HOW MUCH TRUMP ACCOUNT BALANCES COULD GROW OVER TIME
The iShares IVV ETF offers investors another option for tracking the S&P 500 Index, which is considered the benchmark for the U.S. stock market and tracks 500 companies listed on U.S. exchanges that meet criteria for market capitalization, liquidity, trading volume and other factors.
State Street’s SPTM ETF tracks a broader segment of the U.S. market through the S&P 1500 Composite Index, as it includes 1,500 companies that span large-cap firms like those in the S&P 500 as well as mid-cap and small-cap firms.
Vanguard’s VTI ETF tracks the CRSP U.S. Total Market Index, which covers large-, mid- and small-cap portions of the U.S. market.
The iShares ITOT ETF tracks the S&P Total Market Index and also encompasses the large-, mid- and small-cap components of the U.S. equity market.
The ETFs that will be available in Trump…
Read More: Trump Accounts to offer Vanguard, iShares and State Street index ETFs