{"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":30},{"label":"20% to under 40%","value":"0.73%","numericValue":0.73,"unit":"percent","observations":126},{"label":"40% to under 60%","value":"0.81%","numericValue":0.81,"unit":"percent","observations":212},{"label":"60% and above","value":"0.91%","numericValue":0.91,"unit":"percent","observations":395}],"vintageCutoff":"2026-06-30","asOfBasis":"Registry vintage cutoff; input rows retain their own SEC source-event periods.","portfolioEventPeriods":{"start":"2026-04-30","end":"2026-06-30","distribution":[{"date":"2026-04-30","observations":216},{"date":"2026-05-29","observations":53},{"date":"2026-05-31","observations":105},{"date":"2026-06-30","observations":431}]},"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":"2026-09-01T10:06:09.683Z","sourcePublishedAt":"2026-09-01T10:06:09.683Z","runId":"fffcd45a-98bb-4e8e-b699-e94626fa3ab3","methodologyVersion":"closet-index@3.0.0","cohortVersion":"cohort-v2@2026-07-24","verificationUrl":"/data/statistics/vintages/2026-06-30/fffcd45a-98bb-4e8e-b699-e94626fa3ab3/expense-ratio-by-active-share.json","citation":"Sensible Investor (vintage cutoff 2026-06-30; portfolio events 2026-04-30 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/fffcd45a-98bb-4e8e-b699-e94626fa3ab3/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":0.00016205258335826733,"netExpenseRatioPercent":0.03},{"seriesId":"S000002848","classId":"C000155407","activeSharePercent":0.00016205258335826733,"netExpenseRatioPercent":0.02},{"seriesId":"S000002848","classId":"C000170276","activeSharePercent":0.00016205258335826733,"netExpenseRatioPercent":0.01}],"source":{"manifestSha256":"c89d0bedf5d1c2df410d590431fa23ba27268fdf2bb76ef26d931ed0de1d4e6c","csvSha256":"a18be8b1fdb91d7a8b83f45253e1a9c514fa0223855f80247fe7ecbf783ab800","jsonSha256":"1b9bd205e5e8846aab2bc0d6798f186c182ceb1474736dd34c7281c713a46f74","statisticsSource":null}}