Citable statistic · vintage cutoff 2026-06-30

Median Expense Ratio by Active Share

Across 805 published share-class rows with both figures, the median filed expense ratio is reported separately for five active-share bands.

Under 5%
0.13%42 observations
5% to under 20%
0.20%37 observations
20% to under 40%
0.76%143 observations
40% to under 60%
0.81%183 observations
60% and above
0.91%400 observations

How it was calculated

Place each share-class row into a fixed active-share band, sort its filed net-expense-ratio percentages, and take the middle value (or mean of the two middle values).

Portfolio source-event periods: 2026-02-28 (6); 2026-03-31 (398); 2026-04-30 (240); 2026-05-29 (53); 2026-05-31 (104); 2026-06-30 (4).

Filed-expense source-event periods: 2025-01-31 (5); 2025-03-31 (33); 2025-04-30 (1); 2025-05-31 (57); 2025-06-30 (157); 2025-07-31 (46); 2025-08-31 (41); 2025-09-30 (82); 2025-10-31 (192); 2025-11-30 (22); 2025-12-31 (114); 2026-01-31 (26); 2026-02-28 (28); 2026-04-30 (1).

Open the immutable verification JSON.

Copy-paste citation

Sensible Investor (vintage cutoff 2026-06-30; portfolio events 2026-02-28 through 2026-06-30; filed-expense events 2025-01-31 through 2026-04-30), “Median filed expense ratio by active-share band,” closet-index@3.0.0; verification: https://sensible-investor.com/data/statistics/vintages/2026-06-30/57782d6c-572f-4e2f-9e55-117df0927e25/expense-ratio-by-active-share.json.

Vintage cutoff 2026-06-30 · portfolio events 2026-02-28 to 2026-06-30 · filed-expense events 2025-01-31 to 2026-04-30 · run 57782d6c-572f-4e2f-9e55-117df0927e25 · closet-index@3.0.0 · source JSON SHA-256 50b320640af5591373be7ad7c8f1ca28eb26213f581e2afb487ac2eb8d3599eb · statistics hub