Trump Accounts officially launched on July 4, 2026, as part of the One Big Beautiful Bill, functioning like an IRA for eligible American children under 18. The U.S. Treasury will deposit the first $1,000 in accounts opened for children born from 2025 through 2028. At launch, all contributions will be invested in the State Street SPDR Portfolio S&P 500 ETF, which tracks the S&P 500 and charges a 0.02% fee. Once a selection feature becomes available, additional choices will include the iShares Core S&P 500 ETF, Vanguard Total Stock Market ETF, State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF, and iShares Core S&P Total U.S. Stock Market ETF. The government restricts investments to these diversified U.S. stock market index funds, excluding individual stocks, cryptocurrencies, bonds, actively managed funds, and international stocks, aiming to provide a low-risk, long-term growth vehicle for children.
State Street CorpState Street's SPDR S&P 500 ETF is the default investment for all Trump Accounts, driving significant asset inflows.
Vanguard's Total Stock Market ETF is one of the limited index fund choices for Trump Accounts, attracting new investments.