What is a broad stock market index?

The Dow Jones U.S. Broad Stock Market Index is a subindex of the Dow Jones U.S. Total Stock Market Index and is designed to measure the performance of large-, mid- and small-cap U.S. equity securities. S&P Dow Jones Indices Reports U.S. Common Indicated Dividen... S&P Dow Jones Indices Announces Update to S&P Com...

What is a broad stock market fund?

The investment seeks to track as closely as possible, before fees and expenses, the total return of the Dow Jones U.S. Broad Stock Market Index. To pursue its goal, the fund generally invests in stocks that are included in the index.

What is a broad based index fund?

Securities based on broad-based indexes, like index funds, allow investors to effectively own the same basket of stocks contained in a major index while committing relatively small amounts of capital. An example is the SPDR S&P 500 Trust (SPY), an exchange-traded fund (ETF) that holds the same names as the S&P 500 Index.