In-Depth Overviews
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Below are our most recent commentaries. To find a past study, use the full list of reports by date, or reports by topic, or through full-text keyword search .



Annual Update: Contractual Management Fee Breakpoint Schedule Comparison Fiscal Year 2016      2/27/2018
 
   
Annual Update: Mutual Fund Industry Fee and Expense Benchmarks Fiscal Year 2016      2/27/2018
 
   
Contractual Management Fee Breakpoint Schedule Comparison Fiscal Year 2014      10/15/2015
  The report provides contractual management fee breakpoint schedule summary statistics for actively managed open-end mutual funds aggregated into 62 Morningstar Categories. Contractual management fees combine the contractual advisory fee schedule and contractual administrator fee schedule. If a contractual administrator fee schedule is not disclosed, then the actual administrator fee as reported in the most recent audited annual report is substituted into the calculation.
   
Mutual Fund Industry Fee and Expense Benchmarks Fiscal Year 2014      10/15/2015
  The report provides fee and expense benchmarks for actively managed open-end mutual funds aggregated into 61 Morningstar Categories or Strategic Insight Objectives
   
Contractual Management Fee Breakpoint Schedule Comparison Fiscal Year 2013      9/2/2014
  The report provides contractual management fee breakpoint schedule summary statistics for actively managed open-end mutual funds aggregated into 62 Morningstar Categories. Contractual management fees combine the contractual advisory fee schedule and contractual administrator fee schedule. If a contractual administrator fee schedule is not disclosed, then the actual administrator fee as reported in the most recent audited annual report is substituted into the calculation.
   
Mutual Fund Industry Fee and Expense Benchmarks Fiscal Year 2013      8/14/2014
  The report provides fee and expense benchmarks for actively managed open-end mutual funds aggregated into 64 Morningstar Categories or Strategic Insight Objectives.
   
Contractual Management Fee Breakpoint Schedule Comparison Fiscal Year 2012      7/3/2013
  The report provides contractual management fee breakpoint schedule summary statistics for actively managed open-end mutual funds aggregated into 53 Morningstar Categories. Contractual management fees combine the contractual advisory fee schedule and contractual administrator fee schedule. If a contractual administrator fee schedule is not disclosed, then the actual administrator fee as reported in the most recent audited annual report is substituted into the calculation.
   
Mutual Fund Industry Fee and Expense Benchmarks Fiscal Year 2012      7/3/2013
  This report provides fee and expense benchmarks for actively managed open-end mutual funds aggregated into 55 Morningstar Categories or Strategic Insight Objectives. The key fee and expense benchmarks presented:
  • Gross Management fee
  • Waiver/Reimbursement
  • Net Management fee
  • Transfer Agent expense (basis points and $ per account)
  • Custody/Bookkeeping expense
  • Audit expenses
  • Legal expenses
  • Operating expenses
  • Total expenses before 12b-1 Distribution fees
   
Annual Update: Contractual Management Fee Breakpoint Schedule Comparison Fiscal Year 2011      5/29/2012
  This report provides contractual management fee breakpoint schedule summary statistics for actively managed open-end mutual funds aggregated into 49 Morningstar Categories. Contractual management fees combine the contractual advisory fee schedule and contractual administrator fee schedule. If a contractual administrator fee schedule is not disclosed, then the actual administrator fee as reported in the most recent audited annual report is substituted into the calculation.
   
Annual Update: Mutual Fund Industry Fee and Expense Benchmarks Fiscal Year 2011      5/29/2012