2. Arias SAP 500 Index Fund. This mutual fund tracks the 5&P 500. Stocks in the fund are weighted exactly the same as they are in the 5 &P 500. This means that the funds return is approximately the return of the 5 &P 500, minus expenses. With an index fund, the manager is not required to research stocks and make investment decisions, so fund expenses are usually low. The Arias 5&P 500 Index Fund charges expenses of 0.20 percent of assets per year