5 Best Low Cost ETFs

1. Vanguard Russell 1000 Growth Index Fund ETF (NASDAQ:VONG)

5-Year Share Price Performance as of April 15: 110.31%

Vanguard Russell 1000 Growth Index Fund ETF (NASDAQ:VONG) invests in stocks from the Russell 1000 Growth Index, which mainly comprises growth stocks from large US companies. Vanguard Russell 1000 Growth Index Fund ETF (NASDAQ:VONG) is one of the best low cost ETFs. It was launched on September 20, 2010. As of March 31, 2024, the fund’s net assets amount to $26.3 billion, and it holds a portfolio of 440 stocks. Its expense ratio is 0.08% as of December 22, 2023.

Tesla, Inc. (NASDAQ:TSLA) is one of the top holdings of the Vanguard Russell 1000 Growth Index Fund ETF (NASDAQ:VONG). On March 26, Tesla, Inc. (NASDAQ:TSLA) stock rose in value following a report that officials from the Industry Ministry had reached out to Tesla regarding the possibility of manufacturing electric trucks in Italy.

As per Insider Monkey’s fourth quarter database, 82 hedge funds were bullish on Tesla, Inc. (NASDAQ:TSLA), compared to 81 funds in the prior quarter. Philippe Laffont’s Coatue Management held a significant position in the firm, with 4.06 million shares valued at $1.01 billion.

Alger Spectra Fund stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its fourth quarter 2023 investor letter:

“Tesla, Inc. (NASDAQ:TSLA) is an electric vehicle manufacturer with a significant technological lead in its large and rapidly growing addressable market. Tesla is a transportation company that is setting the pace for industry innovation, in our view. During the quarter, the company reported weaker-than-expected fiscal third quarter earnings, where gross margins were negatively impacted by factory downtime and ramping production volumes at new manufacturing plants. However, the company noted that they remain confident by the amount of data that Tesla’s established and growing fleet of vehicles has gathered, which may bode well for the company’s full self-driving capabilities.”

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