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Victory NASDAQ-100 Index (USNQX) is a passively managed U.S. Equity Large Growth fund.
The main difference is that index funds are passively managed, while most other mutual funds are actively managed, which changes the way they work and the amount of fees youll pay. What is an index fund? What is a mutual fund? What are the major differences?
Fees Expenses Front loadN/A Max. redemption fee N/A Total expense ratio 0.25% 12 b-1 N/A Turnover 7%1 more row
Victory Nasdaq 100 Index has an expense ratio of 0.44 percent.
Extended market index funds contain small-cap and mid-cap companies, but not large-cap companies listed in the SP 500 Index. These funds are designed for investors already using SP index funds.
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Overall Rating. Morningstar has awarded this fund 5 stars based on its risk-adjusted performance compared to the 1115 funds within its Morningstar Category.
About USSPX The USAA SP 500 Index gives investors exposure to the broad stock market. As of November 27, 2023, the fund has assets totaling almost $10.15 billion invested in 507 different holdings. Its portfolio consists of the companies that comprise the SP 500.
How are they managed? While they can be actively or passively managed by fund managers, most ETFs are passive investments pegged to the performance of a particular index. Mutual funds come in both active and indexed varieties, but most are actively managed. Active mutual funds are managed by fund managers.