Live registry / July 27, 2026
Is what Wall Street sells you worth what it costs?
Sensible Investor measures what funds hold, what they charge, and how closely they resemble public index portfolios. Every published result carries the date and filing needed to check it.
Explore the registry01 / What the registry measures
A filed expense ratio is one line, not a verdict.
An expense ratio is one line in a filing. It says little about whether a fund delivers a meaningfully different portfolio, duplicates what an investor already owns, or earns its cost.
The Closet Index Registry compares each eligible portfolio with a defined set of index proxies and publishes the most conservative measured active share. Fee-drag tables put filed expenses into dollars under disclosed assumptions. Difference is not skill, and cost is not a verdict.
02 / Published coverage
200 tracked. 126 published. 74 under review.
As of July 27, 2026, the registry tracks 200 funds. The 126 records that clear the 70% identifier-coverage gate publish their computed figures. The other 74remain visible as under review, without turning missing evidence into zero.
Read the publication and calculation rules.