Got a great story on an S&P 500 index fund that you won’t believe.

Consider a S&P 500 Index Fund with $2B in assets that charges a 60bps management fee and a 3% front-end sales charge.

Think this is impossible? Think again…this exists in the real-world!!!

fee

The New York Life Mainstay S&P 500 Index Fund is an amazing case study in the power of a motivated distribution channel.

Here is the performance since inception relative to SPY from 2/2004 to 3/2015:

sp

The results are hypothetical results and are NOT an indicator of future results and do NOT represent returns that any investor actually attained. Indexes are unmanaged, do not reflect management or trading fees, and one cannot invest directly in an index. Additional information regarding the construction of these results is available upon request.

 

 

 


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