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Trump Account Fund Expense Ratio Tracker

Compare eligible S&P 500 ETFs and mutual funds for Trump Accounts. See how expense ratios impact growth over 18 years.

Compare Eligible Funds and Their Fees

All Trump Account money must be invested in mutual funds or etfs tracking s&p 500 or broad u.s. equity index. But not all index funds charge the same fees. Even a tiny difference in expense ratios compounds into real money over 18 years.

Trump Account funds are capped at a 0.1% expense ratio — but many eligible funds charge as little as 0.03%. Use this tracker to compare your options and see how fees affect your child's balance at age 18.

0.03%

Lowest eligible fund fee (VOO/IVV)

0.1%

Maximum allowed expense ratio

$500+

Potential savings over 18 years

✅ Lower fees = more money for your child

A 0.03% fund on $5,000/year for 18 years costs roughly $300 in total fees. A 0.09% fund costs roughly $900. That $600 difference stays in your child's account and keeps compounding.

Eligible Funds for Trump Accounts

Expense ratios capped at 0.1% (10 basis points). All funds below qualify.

FundTickerProviderIndexExpense RatioUnder Cap?
Vanguard S&P 500 ETFVOOVanguardS&P 5000.0300%(3.0 bps)Yes
iShares Core S&P 500 ETFIVVBlackRockS&P 5000.0300%(3.0 bps)Yes
SPDR S&P 500 ETF TrustSPYState StreetS&P 5009.4500%(945.0 bps)No
SPDR Portfolio S&P 500 ETFSPLGState StreetS&P 5000.0200%(2.0 bps)Yes
Vanguard Total Stock Market ETFVTIVanguardCRSP US Total Market0.0300%(3.0 bps)Yes
iShares Core S&P Total U.S. Stock Market ETFITOTBlackRockS&P Total Market0.0300%(3.0 bps)Yes
Schwab Total Stock Market Index FundSWTSXCharles SchwabDow Jones U.S. Total Stock Market0.0300%(3.0 bps)Yes
Fidelity 500 Index FundFXAIXFidelityS&P 5000.0150%(1.5 bps)Yes

Expense Ratio Impact Calculator

Compare VOO (3.0 bps) against a higher-fee fund to see how much fees "leak" over 18 years.

$5,000
$0$5,000
8%
4%12%
50 bps
10 bps100 bps

Comparing 3.0 bps (VOO) vs 50 bps

VOO (3.0 bps)

$205,562

Leakage: $665

Higher-Fee (50 bps)

$195,442

Leakage: $10,786

You Save with Low-Cost

$10,120

Over 18 years

Balance Over 18 Years: Low-Cost vs High-Fee

Frequently Asked Questions

What is an expense ratio?
An expense ratio is the annual fee a fund charges to manage your money. It is expressed as a percentage. A 0.03% expense ratio means you pay $0.30 per year for every $1,000 invested. Lower is better — the fee comes directly out of your returns.
What is the maximum expense ratio for Trump Account funds?
Trump Account funds are capped at a 0.1% expense ratio (10 basis points). This means you will never pay more than $1 per year per $1,000 invested. Most eligible S&P 500 ETFs charge far less than this cap.
Which funds are eligible for Trump Accounts?
Trump Accounts must be invested in mutual funds or etfs tracking s&p 500 or broad u.s. equity index. Popular options include Vanguard S&P 500 ETF (VOO), iShares Core S&P 500 ETF (IVV), and SPDR S&P 500 ETF (SPY). All have expense ratios well below the 0.1% cap.
How much do expense ratios cost over 18 years?
Even small differences add up. On a $5,000 annual contribution over 18 years, the difference between a 0.03% fund and a 0.09% fund can be $500-$1,000+ in lost growth. Use the calculator above to see the exact impact for your situation.
Can I switch funds inside a Trump Account?
IRS Notice 2025-68 requires investments in S&P 500 or broad U.S. equity index funds. You can switch between eligible funds, but you cannot move money to individual stocks, bonds, or funds outside the approved categories.

Disclaimer: This calculator is for educational and illustrative purposes only. It does not constitute tax or financial advice. Actual returns will vary. Consult a qualified tax professional or financial advisor before making investment decisions.

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