Vanguard offers a large selection of index funds, which allows investors to duplicate various market segments at a very low cost. Some examples are as follows: 

1. The 500 Index Portfolio consists of stocks selected to duplicate the S&P 500 and emphasizes large‐capitalization stocks. 

2. The Extended Market Portfolio consists of a statistically selected sample of the Wilshire 4500 Index, which consists largely of medium‐ and small‐capitalization stocks. 

3. The Total Stock Market Portfolio seeks to match the performance of all (approximately 7,000) publicly traded U.S. stocks. 

4. The Small‐Capitalization Stock Portfolio seeks to match the performance of the Russell 2000 Small Stock Index, consisting of 2,000 small‐capitalization stocks. 

5. The U.S. Value Portfolio seeks to match the investment performance of the S&P/BARRA Value Index, which consists of stocks selected from the S&P 500 with lower than average ratios of market price to book value. 

6. The U.S. Growth Portfolio seeks to match the investment performance of the S&P 500/ BARRA Growth Index, which consists of stocks selected from the S&P 500 with higher than average ratios of market price to book value. 

7. The Total International Portfolio covers multiple countries across Europe, the Pacific, and emerging markets and holds over 1,500 stocks. 

8. The Emerging Markets Portfolio holds stocks from companies located in emerging markets around the world, such as Brazil, Russia, India, Taiwan, and China. 

There are no sales charges or exit charges of any kind. Total operating expenses for most of these funds is about 0.20 percent or less annually, which is extremely low.