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ETF Specialist

How Low Can Fund Fees Go?

Our research shows the average expense ratio for investors has fallen by more than half since 2000.

The average expense ratio paid by fund investors has been falling for over two decades. In 2020, the asset-weighted average expense ratio across all mutual funds and exchange-traded funds (not including money market funds and funds of funds) was 0.41%. This is less than half what investors paid in fund fees, on average, in 2000.