ETLGX

About ETLGX

E*TRADE No Fee Large Cap Index Fund is a passively managed mutual fund that aims to deliver broad exposure to the largest 500 publicly traded companies in the United States. Designed as a large blend equity fund, its primary purpose is to closely track the performance of the Solactive GBS United States 500 Index, encompassing industry leaders across key economic sectors including technology, consumer services, and financials. The fund distinguishes itself with a 0% expense ratio—meaning it charges no management fees or commissions—and no minimum investment requirement, making it highly accessible to a wide range of investors. Managed by Morgan Stanley Investment Management, the fund is exclusively available to E*TRADE clients, offering them a cost-efficient way to achieve instant diversification and participate in the performance of major U.S. large-cap stocks. Notable holdings include Microsoft, NVIDIA, Apple, Amazon, and Meta Platforms, reflecting its focus on companies with significant impact on the U.S. and global economy. By removing traditional entry barriers associated with mutual fund investing, the E*TRADE No Fee Large Cap Index Fund plays an important role in democratizing access to diversified equity markets for retail investors.