The Vanguard Group broadened its index fund roster to 32 with the introduction of three no-load funds: Vanguard Calvert Social Index Fund, Vanguard Developed Markets Index Fund, and Vanguard Institutional Developed Markets Index Fund.

"The introduction of three new funds not only underscores our commitment to indexing, but also our desire to broaden the array of low-cost index alternatives available to both our individual and institutional clients," said Vanguard Chairman and CEO John Brennan.

Vanguard Calvert Social Index Fund is designed to track the performance of the Calvert Social Index, a benchmark comprising large- and mid-cap stocks that was recently developed by the Calvert Group.

Vanguard Calvert Social Index Fund is expected to maintain an expense ratio of 0.25%. The fund's minimum initial investment is $3,000 ($1,000 for IRAs and custodial accounts). An institutional class of shares for investors with $10 million or more is offered at an expense ratio of 0.12%.

Vanguard's new international index funds offer broad exposure to 20 developed European and Pacific markets with the objective of providing returns that track the performance of the unmanaged Morgan Stanley Capital International-Europe, Australasia, Far East (MSCI-EAFE) Index, which includes some 1,000 stocks.

Vanguard Quantitative Equity Group, formerly known as the Core Management Group, will provide investment advisory services on an at-cost basis to the new index offerings. 

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