index fund

a fund, as a mutual fund or pension fund, with a portfolio that contains many of the securities listed in a major stock index in order to match the performance of the stock market generally.

1975–80 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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index fund

1. a mutual fund whose assets are stocks on a given list 
2. a mutual fund that invests in the stocks that are the basis of a well-known stock or bond index 
WordNet® 3.0, © 2006 by Princeton University.
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Example sentences
The majority cannot outperform themselves, so the majority is better off in a low cost index fund.
The best that the average long term investor can do is buy an index fund and hold it forever.
Therefore, performance of an index fund will generally be less than its benchmark index.
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