Annual U.S. Fund Fee Study

Fees hit record lows again in 2019. Our report unpacks the trends behind the numbers.

Annual U.S. Fund Fee Study

Fees hit record lows again in 2019. Our reports unpacks the trends behind the numbers.

What’s Inside

Trends in Fund Fees

Our analysts found the asset-weighted average expense ratio across funds was 0.45% in 2019, a 6% decline from 2018.

Asset Flows

Low-cost funds generally have greater odds of surviving and outperforming their more-expensive peers.

How Fees Are Being Shaped

The evolution of the economics of the advice business is shaping flows and, by extension, fees.


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