The Vanguard 500 Index Fund, known as the first and largest consumer index fund, was formed 25 years ago today with a modest $11.4 million in assets, the Vanguard Group said.

The fund is chartered to mirror performance of the S&P 500 Index, a large-cap stock benchmark.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.