Many investors focus on total returns when comparing one fund against another. While it's good to know how much your money can grow, the size of the fund can also impact your total returns.
This list of the largest mutual funds is based on Fidelity's Mutual Fund Research screener, which lists mutual funds from the highest AUM to the lowest. These are the 10 largest mutual funds based on AUM as of Oct. 31:
Vanguard Total Stock Market Index Fund Admiral Sales (ticker: VTSAX). VTSAX gives investors exposure to 3,793 stocks with an emphasis on technology. The fund has a $3,000 investment minimum and uses the CRSP U.S. Total Market Index as a benchmark. Its trailing-12-month yield is 1.6%.
AUM: $1.3 trillion
Vanguard 500 Index Fund Admiral Shares (VFIAX). This large blend fund has a $3,000 minimum investment and is also available as an ETF. The fund uses the S&P 500 as its benchmark and puts most of its assets into the information technology sector.
AUM: $851.2 billion
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*Market data as of Tuesday's close.
Here's what you missed in the markets yesterday.
Stocks dipped on Tuesday as investors surveyed a not-spectacular roundup of retail stock reports and awaited Nvidia Corp.'s (NVDA) earnings report after the bell. The Federal Reserve meeting minutes released Tuesday afternoon did little to alter the stock market's mood, as they reflected a similar mantra to recent Fed commentary.
The S&P 500 fell 0.2%, ending the day at 4,538.19, and the Nasdaq lost 0.6%.
A slew of third-quarter earnings reports from retail powerhouses like Lowe's Cos. Inc. (LOW) and Best Buy Co. Inc. (BBY) hit the stock market like a stone, as many of those companies reported lower sales and difficult profit outlooks. Lowe's finished 3.1% lower, and Best Buy sank 0.7%.
The Fed minutes from its most recent policy meeting showed that officials agreed to be slow to lift interest rates unless economic data show that progress is not being made toward its lower inflation target. The release of the minutes follows debate about whether the market has too enthusiastically embraced the storyline that the Fed is leaning toward a rate cut.
Nvidia is officially an AI overachiever. Following up its record close on Monday, Nvidia had its own big shoes to fill with Tuesday's earnings revelations. Analysts expected a rock-star third-quarter report from the maker of graphics processing units, which is profiting from the surge in generative artificial intelligence – and they got it. Its revenue grew 206% over the prior-year quarter, handily beating expectations. NVDA also beat on earnings, at $4.02 per share versus the $3.37 analysts expected.
Binance takes deal in criminal probe. Binance chief executive Changpeng Zhao plans to plead guilty and accept $4.3 billion in penalties on his company in exchange for admitting that it broke U.S. anti-money-laundering and sanctions laws, according to news reports on Tuesday afternoon. He will personally pay a $50 million fine. The deal is a result of a federal investigation into illicit finance breaches, including transactions with Hamas and other terrorist organizations.
– Caught Our Eye written by Rachel McVearry Today's earnings reports. Companies expected to report earnings today include Deere & Co. (DE), GDS Holdings Ltd. (GDS) and Banco Macro SA (BMA). | 
