Real ChatGPT answer · index seedYk8RCyeIiNscompleteFinance and banking · investing and brokeragesinformational

How do the management fees on actively managed mutual funds compare to passive index funds over a twenty year investment horizon?

ChatGPTgpt-62 queries10/31/2026
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Fan-out diagram

The searches the AI actually ran for this prompt.

SEED QUERY
How do the management fees on actively managed mutual funds compare to passive index funds over a twenty year investment horizon?
2 real searches · 1 real-search pass
Morningstar US fund fee study 2024 asset weighted expense ratio active passive mutual funds average expense ratiosGoogle ↗
OBSERVEDReason
Investor.gov mutual fund fees expenses impact returns compounding expense ratioGoogle ↗
OBSERVEDConsequence

Badge and edge weight = share of passes that produced the query. Hover a query for its intent and routing format.

Query classes

Google's semantic query class for every sub-query: what kind of answer each search is after, simulated vs real.

ChatGPT real searches (2)
Short factOther / navigationalComparisonConsequence50%Reason50%DefinitionInstructionYes / no

Classes come from the query-classifier (a local Laya model). 2 of 2 calls are low-confidence (under 50%) — hover a query in the table to see its confidence.

Searches and sources

ChatGPT2 real searches · gpt-6
Morningstar US fund fee study 2024 asset weighted expense ratio active passive mutual funds average expense ratios Google ↗
Investor.gov mutual fund fees expenses impact returns compounding expense ratio Google ↗

Queries

2 queries · click a column to sort
Query / typeSearchIntentQuery classRouting formatClusterFreq ↓Weight
Morningstar US fund fee study 2024 asset weighted expense ratio active passive mutual funds average expense ratios
OBSERVED
Google ↗
AI Mode ↗
—Reason——1x
of 1
Investor.gov mutual fund fees expenses impact returns compounding expense ratio
OBSERVED
Google ↗
AI Mode ↗
—Consequence——1x
of 1