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Investment Structure

Trump Account Index Fund Requirements

Funds must track the S&P 500 or a broad U.S. equity index. Expense ratios capped at 0.1%. Official Treasury lineup: SPYM, IVV, VTI, SPTM, ITOT.

TrumpAccounts.guide Editorial Team 5 min read
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Key Takeaways

  • Legal rule: S&P 500 or broad U.S. equity index funds only.
  • Expense ratios capped at 0.1%.
  • Official lineup: SPYM, IVV, VTI, SPTM, ITOT.
  • Launch default: SPYM — choice comes later.
  • No individual stocks, bonds, crypto, real estate, or sector funds.

ℹ️ Official lineup vs legal eligibility

The law sets the type of fund allowed. Treasury announced the specific funds for Trump Accounts at launch. See investment lineup (sb0551).

What qualifies as an eligible fund?

  1. It must track the S&P 500 or a broad U.S. equity index.
  2. Its expense ratio must be at or below 0.1%.

📜 From IRS Notice 2025-68

Trump Account contributions must be invested in passive index funds — mutual funds or ETFs — that track the S&P 500 or a broad, market-capitalization-weighted U.S. equity index, with expense ratios not exceeding 0.1%.

Treasury’s official funds

Fund Ticker Approx. fee Status
State Street SPDR Portfolio S&P 500 ETF SPYM 0.02% Default at launch
iShares Core S&P 500 ETF IVV 0.03% Additional (later)
Vanguard Total Stock Market ETF VTI 0.03% Additional (later)
State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF SPTM 0.03% Additional (later)
iShares Core S&P Total U.S. Stock Market ETF ITOT 0.03% Additional (later)

Until Treasury enables investment election functionality, all contributions remain invested in the default fund (SPYM).

What is not allowed

  • Individual stocks
  • Bonds / bond funds
  • Crypto
  • REITs / real estate
  • International-only funds
  • Sector or thematic funds
  • Any fund above the 0.1% fee cap

More: How is a Trump Account invested? · Can parents change funds? · Fees

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Frequently Asked Questions

Can I invest my Trump Account in individual stocks?
No. Trump Accounts are limited to mutual funds or ETFs that track the S&P 500 or a broad U.S. equity index. Individual stocks, bonds, crypto, real estate, and sector-specific funds are not allowed.
What is the expense ratio cap for Trump Account funds?
The maximum expense ratio is 0.1% (10 basis points). Official lineup funds charge far less.
Can I use a total stock market fund in a Trump Account?
Yes under the legal rules. Treasury’s additional options include total-market style funds such as VTI, SPTM, and ITOT — available when investment elections open.
Are international index funds allowed?
No. The fund must track the S&P 500 or a broad U.S. equity index. International-only funds do not qualify.

Related Articles

Trump Account Investment Options: SPYM Default + 4 ETFs

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Trump Account Fees & Expense Ratios

Expense ratios capped at 0.1%. Official lineup fees for SPYM, IVV, VTI, SPTM, and ITOT — and why low costs matter over 18 years.

Best S&P 500 ETFs for Trump Accounts

Compare Treasury’s official lineup: SPYM (default), IVV, VTI, SPTM, and ITOT. Expense ratios, indexes, and what parents can choose when.

How Is a Trump Account Invested?

At launch, Trump Accounts default to SPYM (S&P 500). Treasury later adds IVV, VTI, SPTM, and ITOT. Index funds only; expense ratios capped at 0.1%.

Trump Account Rules: Contributions, Investments & Withdrawals (2026)

Complete Trump Account rules: $5,000/yr limit, S&P 500 index funds only, 0.1% expense cap, no withdrawals before 18. The definitive rules reference.

Disclaimer: This is educational content, not tax or financial advice. Consult a qualified tax professional or financial advisor before making investment decisions.

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