Morningstar

“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.

Despite some impressive short-term gains, more than half underperformed their peers over the decade.

Funds that buy debt backing sustainability matters grew 12% from the end of 2019 globally, reaching a record $209.5 billion of assets, data show.

JPST, which tracks investment-grade securities maturing in a year or less, has attracted over $3.7 billion in flows this year.

Some of the biggest laggards have managed short-term gains of more than 40%.

Fidelity's letter to the Labor Department says the proposal isn't “well grounded or supported by much of the emerging data.”

More than half of these funds have fees higher than 75 basis points.

Fees for the category's best performing mutual funds and ETFs are much like the price of bullion: expensive.

If clients “looked just three months ago, these numbers would be glaringly different,” an expert says.

The firm’s growth plans come as the industry experiences a new wave of consolidation among custodians and fintechs.