Partner Join Robinhood → Robinhood is the sole initial trustee for Trump Accounts. Sign up with our link — we may earn a commission at no extra cost to you.
Investment Structure

Trump Account Investment Options: SPYM Default + 4 ETFs

Trump Account investment options in 2026: SPYM is the launch default. IVV, VTI, SPTM, and ITOT come later. You do not need to pick a fund to open.

TrumpAccounts.guide Editorial Team 6 min read
Last verified:

Trump Account investment options (2026)

At launch, money goes into SPYM (State Street SPDR Portfolio S&P 500 ETF) by default. Additional options later: IVV, VTI, SPTM, ITOT. You do not need to pick a fund to open the account.

Key Takeaways

  • Launch default: SPYM — State Street SPDR Portfolio S&P 500 ETF.
  • Coming later: IVV, VTI, SPTM, ITOT.
  • Until Treasury turns on elections, everything stays in SPYM.
  • You do not need to pick a fund to open the account.
  • Legal rule is unchanged: S&P 500 or broad U.S. equity index funds, expense ratios at or below 0.1%.

Searching for Trump Account investment options? At launch, all Trump Account contributions are invested in SPYM (State Street SPDR Portfolio S&P 500 ETF). Treasury will later allow parents to allocate among IVV, VTI, SPTM, ITOT. Until then, you do not need to pick a fund to open the account.

That is the official lineup from the U.S. Treasury (July 1, 2026). For more on the legal investment rules, see How Is a Trump Account Invested?

✅ Parent action right now

Open the account. Contribute if you can. Do not wait to “pick the perfect ETF.” At launch there is nothing to pick — money goes into SPYM.

Official investment lineup

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

Expense ratios are approximate published fund fees and may change. Verify the current prospectus. Last verified: 2026-07-14.

What “default only” means

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

Treasury said it will announce when investment election tools are available and how parents or guardians can change allocations. Until then, new contributions also go into SPYM.

ℹ️ This is not a 529-style fund menu

You are not shopping every ETF on the market. Treasury selected a short list of low-cost U.S. equity index funds that meet the statutory rules. See index fund requirements for what the law allows.

SPYM vs older “pick VOO/SPLG” advice

Older guides often named popular brokerage tickers like VOO or SPLG as examples of eligible funds. Those still illustrate the type of investment the law allows. For the official Trump Accounts program at launch, Treasury named SPYM as the default and listed IVV, VTI, SPTM, ITOT as the additional options.

For a side-by-side of the official options, see Best S&P 500 ETFs for Trump Accounts. For fees over 18 years, see fees explained.

When you can change funds

Read the current status on Can Parents Change Trump Account Funds? Short version: not until Treasury enables elections — then only among the official lineup (and any future options Treasury adds).

Bottom line

File IRS Form 4547 or use trumpaccounts.gov. Your child’s money starts in SPYM. Watch for Treasury’s notice when you can allocate among the other low-cost index ETFs.

Sources:

Frequently Asked Questions

What fund is my Trump Account invested in at launch?
At launch, all contributions are invested in SPYM (State Street SPDR Portfolio S&P 500 ETF), the Treasury-selected default. You do not need to pick a fund to open the account.
Can I choose Vanguard or iShares right now?
Until Treasury enables investment election functionality, all contributions remain invested in the default fund (SPYM).
Which funds did Treasury select?
Default: SPYM. Additional options (when elections open): IVV, VTI, SPTM, ITOT. Source: Treasury press release sb0551 (July 1, 2026).
Do I need to pick a fund when I file Form 4547?
No. Open the account and contribute. At launch, money goes into the default fund automatically.

Related Articles

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%.

Can Parents Change Trump Account Funds?

Not yet at launch — money stays in SPYM until Treasury opens investment elections. Later you may choose among IVV, VTI, SPTM, and ITOT.

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.

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.

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

Sources: