Morningstar

These 20 mutual funds and ETFs here are home to roughly $45 billion in assets.

The top 20 more than doubled the gains of their fixed-income industry peers.

The biggest losses this year came from sectors that suffered the most in lockdown.

With an average gain of more than 108%, the lineup includes actively managed leaders with fees well above 100 basis points.

The top 20 outpaced the broader industry and had an average net expense ratio far below the 0.45% investors paid last year.

The 20 mutual funds and ETFs on this list have an average fee of roughly 111 basis points.

The top 20 have delivered overall outperformance. However, their gains come with fees more than twice the industry average.

The more out-of-left-field the change, the more profound the lesson learned, our columnist has found in the corporate and individual practice realms.

The average expense ratio for this group was more than 100 basis points.

“Their top holdings are focused on those companies that have benefited in a post-COVID world,” an expert says.

The rule has faced a host of criticism from investors, environmentalists, asset managers and others.

Fees among the leaders range from as little as two basis points to as high as 125 basis points.

The firm currently provides benefits to 10,000 employers and their 2 million employees.

“These are tracking the industries that are supporting the economy and will continue in the post-pandemic world,” an expert says.

Among the decade’s worst performers — those with more than $1 billion in assets under management — were a handful of products with stellar short-term returns.

The decade’s top-performers have produced returns of more than four-times their industry peers this year.

“Investors are going into lower, more passive mutual funds because they don't want to pay the fees,” an expert says.

The industry’s largest money manager experienced record inflows to sustainable products in the first six months of the year.

BlackRock’s CEO said he fears big ideas and impromptu “water-cooler moments” will be lost as businesses operate remotely via video conference calls.

“Expense ratios matter to most people, particularly when you're looking at these mostly passive funds,” an expert says.