Note: This is an excerpt from the Morningstar Direct U.S. Fund Flows Commentary for April 2019. The full report can be downloaded here.
It wasn't quite official as of April 30, 2019, but it was darn close. Passive U.S. equity funds had assets of $4.305 trillion by month-end, just $6 billion shy of active U.S. equity funds' $4.311 trillion. Passive U.S. equity funds closed the gap with more than $39 billion in April inflows, versus more than $22 billion in outflows for their active counterparts. In market share terms (for open-end and exchange-traded funds combined), active U.S. equity funds had 50.04% market share versus passive U.S. equity funds' 49.96%.