{
  "schemaVersion": "si-citable-statistic@1.1.0",
  "slug": "expense-ratio-by-active-share",
  "title": "Median filed expense ratio by active-share band",
  "sentence": "Across 805 published share-class rows with both figures, the median filed expense ratio is reported separately for five active-share bands.",
  "metrics": [
    {
      "label": "Under 5%",
      "value": "0.13%",
      "numericValue": 0.13,
      "unit": "percent",
      "observations": 42
    },
    {
      "label": "5% to under 20%",
      "value": "0.20%",
      "numericValue": 0.2,
      "unit": "percent",
      "observations": 37
    },
    {
      "label": "20% to under 40%",
      "value": "0.76%",
      "numericValue": 0.76,
      "unit": "percent",
      "observations": 143
    },
    {
      "label": "40% to under 60%",
      "value": "0.81%",
      "numericValue": 0.81,
      "unit": "percent",
      "observations": 183
    },
    {
      "label": "60% and above",
      "value": "0.91%",
      "numericValue": 0.91,
      "unit": "percent",
      "observations": 400
    }
  ],
  "vintageCutoff": "2026-06-30",
  "asOfBasis": "Registry vintage cutoff; input rows retain their own SEC source-event periods.",
  "portfolioEventPeriods": {
    "start": "2026-02-28",
    "end": "2026-06-30",
    "distribution": [
      {
        "date": "2026-02-28",
        "observations": 6
      },
      {
        "date": "2026-03-31",
        "observations": 398
      },
      {
        "date": "2026-04-30",
        "observations": 240
      },
      {
        "date": "2026-05-29",
        "observations": 53
      },
      {
        "date": "2026-05-31",
        "observations": 104
      },
      {
        "date": "2026-06-30",
        "observations": 4
      }
    ]
  },
  "expenseEventPeriods": {
    "start": "2025-01-31",
    "end": "2026-04-30",
    "distribution": [
      {
        "date": "2025-01-31",
        "observations": 5
      },
      {
        "date": "2025-03-31",
        "observations": 33
      },
      {
        "date": "2025-04-30",
        "observations": 1
      },
      {
        "date": "2025-05-31",
        "observations": 57
      },
      {
        "date": "2025-06-30",
        "observations": 157
      },
      {
        "date": "2025-07-31",
        "observations": 46
      },
      {
        "date": "2025-08-31",
        "observations": 41
      },
      {
        "date": "2025-09-30",
        "observations": 82
      },
      {
        "date": "2025-10-31",
        "observations": 192
      },
      {
        "date": "2025-11-30",
        "observations": 22
      },
      {
        "date": "2025-12-31",
        "observations": 114
      },
      {
        "date": "2026-01-31",
        "observations": 26
      },
      {
        "date": "2026-02-28",
        "observations": 28
      },
      {
        "date": "2026-04-30",
        "observations": 1
      }
    ]
  },
  "temporalCoverage": {
    "start": "2025-01-31",
    "end": "2026-06-30"
  },
  "publishedAt": "2026-08-09T16:51:31.122Z",
  "sourcePublishedAt": "2026-08-03T16:24:48.284Z",
  "runId": "57782d6c-572f-4e2f-9e55-117df0927e25",
  "methodologyVersion": "closet-index@3.0.0",
  "cohortVersion": "cohort-v2@2026-07-24",
  "verificationUrl": "/data/statistics/vintages/2026-06-30/57782d6c-572f-4e2f-9e55-117df0927e25/expense-ratio-by-active-share.json",
  "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.",
  "method": "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).",
  "traceSample": [
    {
      "seriesId": "S000002848",
      "classId": "C000007807",
      "activeSharePercent": 0.0001683523166195868,
      "netExpenseRatioPercent": 0.03
    },
    {
      "seriesId": "S000002848",
      "classId": "C000155407",
      "activeSharePercent": 0.0001683523166195868,
      "netExpenseRatioPercent": 0.02
    },
    {
      "seriesId": "S000002848",
      "classId": "C000170276",
      "activeSharePercent": 0.0001683523166195868,
      "netExpenseRatioPercent": 0.01
    }
  ],
  "source": {
    "manifestSha256": "46602d4f6a5195e13e887f459cb8e0d46a0458edb373ff812d66fec1988850c6",
    "csvSha256": "040d3f500c099a57bb847bdc05cbee2f649a29f1fec4d19d85f1e5b8afc73ddc",
    "jsonSha256": "50b320640af5591373be7ad7c8f1ca28eb26213f581e2afb487ac2eb8d3599eb",
    "statisticsSource": null
  }
}