Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. The E*TRADE No Fee Total Market Index Fund (the Fund) seeks to provide investment results that, before fees and expenses, if any, correspond to the total return of a broad range of ?U.S. stocks.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. This policy may be changed without shareholder approval; however, shareholders would be notified upon 60 days notice in writing of any changes. The Fund employs a passive management strategy designed to track, as closely as possible, before fees and expenses, if any, the performance of the ?Solactive United States 3000 Index (the Index). The Fund invests in the common stock of each company in the Index in approximately the same proportion as represented in the Index itself. The Fund may also lend its securities. The Index intends to track the performance of the largest … Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities included in the underlying index. This policy may be changed without shareholder approval; however, shareholders would be notified upon 60 days notice in writing of any changes. The Fund employs a passive management strategy designed to track, as closely as possible, before fees and expenses, if any, the performance of the ?Solactive United States 3000 Index (the Index). The Fund invests in the common stock of each company in the Index in approximately the same proportion as represented in the Index itself. The Fund may also lend its securities. The Index intends to track the performance of the largest 3,000 companies from the United States stock market. Constituents are selected based on company market capitalization and weighted by free float market capitalization. The Index is calculated as a price return index ?in U.S. dollars and is reconstituted quarterly. A price return index reflects the market price movements of the index components disregarding any payments made in respect of the index constituents, such as dividends or coupon payments. A price return index aims to reflect the price performance of a specific market, or a particular segment. As of December 31, 2025, the Index had 2,985 constituents. An index is a group of securities whose overall performance is used as a standard to measure investment performance. An index or passively managed fund tries to match, as closely as possible, the performance of an established target index. An index funds goal is to mirror the target index whether the index is going up or down. To track the Index as closely as possible, the Fund attempts to remain fully invested in stocks. The Fund uses a replication method of indexing. The replication method involves holding every security in the Index in approximately ?the same proportion as the Index. Unlike the Index, however, the Fund is subject to certain regulatory requirements and portfolio construction constraints that can limit its ability to fully replicate the Index. Under various circumstances, it may not be possible or practicable to purchase or hold all of, or only, the constituent securities in their respective weightings in the Index. In this event a sampling method is used which involves selecting a representative number of securities that will resemble the Index in terms of key risk and other characteristics. The Fund will concentrate its investments (i.e., invest 25% or more of its total assets) in a particular industry or group of industries if the Index is so concentrated. The degree to which components of the Index represent certain industries may change over time.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $4.49M | 6.75% |
| APPLE INC | — | $3.74M | 5.63% |
| MICROSOFT CORP | — | $3.17M | 4.76% |
| AMAZON.COM INC | — | $2.29M | 3.44% |
| ALPHABET INC CL A | — | $1.96M | 2.95% |
| ALPHABET INC CL C | — | $1.72M | 2.58% |
| META PLATFORMS INC CL A | — | $1.56M | 2.35% |
| BROADCOM INC | — | $1.54M | 2.31% |
| TESLA INC | — | $1.25M | 1.88% |
| LILLY ELI and CO | — | $886.76K | 1.33% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Schwab Total Stock Market Index Fund · SWTSX | 96% | 0.03% |
| Fidelity ZERO Total Market Index Fund · FZROX | 96% | 0.00% |
| Schwab 1000 Index Fund · SNXFX | 94% | 0.05% |
Advisers
| Firm | Role |
|---|---|
| Morgan Stanley Investment Management Inc. | Adviser |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
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