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Trump Accounts launch July 4 with default investment in low-cost S&P 500 ETF SPYM.

Market News
02 Jul 2026
Fox Business
View Source
Neutral
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The U.S. Treasury Department announced that Trump Accounts will officially launch on July 4, with all contributions initially invested in the low-cost State Street SPDR Portfolio S&P 500 ETF (SPYM). This ETF was chosen for its broad exposure to the U.S. stock market and low expense ratio below 0.1%. In the coming months, additional low-cost ETFs tracking broad U.S. market indexes, including iShares IVV, Vanguard VTI, State Street SPTM, and iShares ITOT, will become available for investors to choose from. The Treasury will provide instructions for parents and guardians on how to change investment allocations once the functionality is live, aiming to help families invest in their children's futures.

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