## Figure 2.9. U.S. Mutual Fund Expense Ratios and Growth of U.S. Index Funds

## Source details

**Canonical URL:** [Figure 2.9. U.S. Mutual Fund Expense Ratios and Growth of U.S. Index Funds](https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-9.pdf)

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### 1. Expense Ratios of Actively Managed Funds and Index Funds (Basis points)
- Vertical axis ticks shown: 0, 50, 100, 150, 200
- Horizontal axis years shown: 00, 01, 02, 03, 04, 05, 06, 07, 08, 09, 10, 11, 12, 13, 14, 15
- Fund categories displayed:
  - Actively managed bond funds
  - Index bond funds
  - Actively managed equity funds
  - Index equity funds
- Key finding stated: Fees charged by active funds are significantly higher than those charged by index funds.
- Note: The expense ratio is the annual fee charged by a mutual fund to its shareholders, defined as the percentage of assets deducted for fees and administrative expenses.

### 2. Growth in Total Net Assets of Index Mutual Funds (Percent of total net assets of mutual funds)
- Vertical axis ticks shown: 0, 2, 4, 6, 8, 10, 12, 14
- Horizontal axis years shown: 1995, 2000, 05, 10, 15
- Fund groups displayed:
  - Equity funds
  - Hybrid and bond funds
- Key finding stated: The share of index funds has increased dramatically over the past two decades.

- Sources: Investment Company Institute; and IMF staff calculations.

*Figure 2.9. U.S. Mutual Fund Expense Ratios and Growth of U.S. Index Funds*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/figure2-9.pdf_