Dimensional
Investing
Special Report

The Fund Landscape 2025

The report reviews US mutual fund and ETF performance vs. benchmarks, showing impacts of survivorship, fees, turnover, and persistence through 2024.

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August 13, 2025
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This annual report documents the power of market prices by assessing the performance of US-domiciled mutual funds and exchange-traded funds (ETFs) relative to benchmarks over multiyear periods. The exhibits include data visualizations of fund survivorship and outperformance, persistence of top-quartile funds, and the impact of high fees and turnover on manager performance. Returns data updated through 2024.

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