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Why Investors Earn Less Than the Funds They Invest In

It's possible to close this gap in returns by remaining disciplined and holding for the long term.

Susan Dziubinski: Hi, I'm Susan Dziubinski with Morningstar. Morningstar recently updated its annual "Mind the Gap" study, which examines the difference between the reported total returns of funds and the returns that investors actually receive. Joining me today to share some highlights from the study is Amy Arnott. Amy is a portfolio strategist with Morningstar.

Thanks for being here today, Amy.