In a wide-ranging annual report released Thursday, the division outlined findings from a study conducted this year by the SEC's Office of Investor Research, which exposed gaps in fee awareness among mutual fund investors.
Despite the pressure for asset managers to lower fund costs over the decades, the SEC said there's still significant price dispersion among mutual funds. In 2023, for example, it said fees for non-institutional S&P 500 mutual funds ranged from zero to 1.61 percent annually.
“Price dispersion across a set of funds that have a similar investment strategy and risk profile suggests that consumers who search the mutual fund market may find lower-cost alternatives,” the report noted.
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