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![IndexFunds.com Staff]( "IndexFunds.com Staff")
IndexFunds.com Staff
USAA Investments Launches 3 New Index Funds
IndexFunds.com Staff
Wednesday, November 08, 2000
USAA Investments recently launched three new index funds:
- USAA Nasdaq-100 Index Fund
- USAA Extended Market Index Fund
- USAA Global Titans Index Fund
"The popularity of the USAA S&P 500 Index Fund demonstrates that there's a place in a balanced portfolio for indexing," said Michael J.C. Roth, President and CEO of USAA Investment Management Company. "The addition of these three index funds will complement our offerings."
| Fund name |
Index it tracks |
Expense Ratio |
Minimum initial investment |
| USAA Nasdaq-100 Index Fund |
Nasdaq-100 Index |
0.85%
|
$3,000 ($2,000 for IRAs) |
| USAA Extended Market Index Fund |
Wilshire 4500 Index |
0.50%
|
$3,000 ($2,000 for IRAs) |
|
USAA Global Titans Index Fund
|
Dow Jones Global Titans Index |
0.85%
|
$3,000 ($2,000 for IRAs) |
Source: USAA Index Funds Prospectus
Explanation of Indexes:
| Nasdaq-100 Index: Modified cap-weighted index composed of 100 largest nonfinancial domestic and international companies listed on Nasdaq. Companies in the Nasdaq 100 include Microsoft, Oracle, and Starbucks. |
| Wilshire 4500 Index: Market cap-weighted index that includes all stocks in the Wilshire 5000 except those included in the S&P 500. |
| Dow Jones Global Titans Index: Cap-weighted index composed of 50 stocks of the world's largest multinational companies. Each Global Titan company has a market cap of at least $20 billion. Companies listed in this index include Toyota, Walt Disney, and AXA. |
USAA Investments is the Nasdaq-100 Index Fund's investment adviser and Barclays Global Fund Advisors serves as the sub-adviser. Barclays Global Fund Advisors is responsible for investing the fund's assets.
USAA Investments is the Extended Market Index Fund's investment adviser and will invest the fund's assets in a separate fund having a substantially similar investment objective that is advised by Merrill Lynch Quantitative Advisers.
USAA Investments is the Global Titans Index Fund's investment adviser and Barclays Global Fund Advisors serves as sub-adviser selecting the fund's investments and placing orders to buy and sell the fund's investments.
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