Morningstar’s Annual U.S. Fund Fee Study

Our 2019 fee report shows that fees hit a record low this year, and investors are paying roughly half as much to own funds as they did two decades ago. In Morningstar’s latest U.S. Fund Fee Study, our analysts unpack the investor and industry trends contributing to these market developments and provide a detailed look into various elements of the fee landscape.

In this report, you will learn:
  • Trends in asset class, firm, and investment management approaches
  • Our analysis of service-fee arrangements’ impact on flows
  • How the evolving financial advice industry is shaping investors’ outlook on fees