{"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":"0.72%","numericValue":0.72,"unit":"percent","observations":115},{"label":"40% to under 60%","value":"0.81%","numericValue":0.81,"unit":"percent","observations":229},{"label":"60% and above","value":"0.91%","numericValue":0.91,"unit":"percent","observations":389}],"vintageCutoff":"2026-07-31","asOfBasis":"Registry vintage cutoff; input rows retain their own SEC source-event periods.","portfolioEventPeriods":{"start":"2026-05-29","end":"2026-07-31","distribution":[{"date":"2026-05-29","observations":53},{"date":"2026-05-31","observations":105},{"date":"2026-06-30","observations":431},{"date":"2026-07-31","observations":216}]},"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":"2026-07-31"},"publishedAt":"2026-10-01T15:39:37.108Z","sourcePublishedAt":"2026-10-01T15:39:37.108Z","runId":"b96ba376-9e4c-41d2-a6d2-e4caaf855632","methodologyVersion":"closet-index@3.0.0","cohortVersion":"cohort-v2@2026-07-24","verificationUrl":"/data/statistics/vintages/2026-07-31/b96ba376-9e4c-41d2-a6d2-e4caaf855632/expense-ratio-by-active-share.json","citation":"Sensible Investor (vintage cutoff 2026-07-31; portfolio events 2026-05-29 through 2026-07-31; 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/2026-07-31/b96ba376-9e4c-41d2-a6d2-e4caaf855632/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":"9499c060a7e07bdaa0b179fa402fcc37be846cc192e6016f081b5c8006d7e2a7","csvSha256":"11ad653d111078338261203cb229e09d1e917dce8e7dc14f6dfeea51c1497738","jsonSha256":"c1c8f1486749b6e1df5f902aa6d86e48df545d87cdf845e39d8bc1585c94865e","statisticsSource":null}}