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The ETF Report

An exchange-traded fund (ETF) is a type of pooled investment security that operates much like a mutual fund. Typically, ETFs will track a particular index, sector, commodity, or other asset, but unlike mutual funds, ETFs can be purchased or sold on a stock exchange the same way that a regular stock can. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies.

Fund fees fall 6% as investors aim to minimize investment costs

An annual fund fee study conducted by investment research company Morningstar found that the asset weighted average expense ratio across U.S. funds dropped six percent year-over- year to 0.45% in 2019 compared to 0.48% in 2018, the third largest decline since 1991.