Active and Index Combined Long-Term Mutual Funds and Exchange-Traded Funds (ETFs): May 2025
Washington, DC; June 30, 2025—The combined assets of the nation’s active mutual funds and ETFs increased by $585.42 billion, or 3.8 percent, to $15.88 trillion in May while the combined assets of the nation’s indexed mutual funds and ETFs increased by $826.85 billion, or 5.2 percent, to $16.79 trillion in May according to the Investment Company Institute’s official survey of the mutual fund and ETF industry.
Total Net Assets Long-Term Mutual Funds and ETFs*
Billions of dollars
| Active May 2025 | Index May 2025 | Index as a % of Total | |
|---|---|---|---|
Equity | |||
Domestic equity | 7,237.9 | 11,668.8 | 61.7 |
World equity | 2,644.8 | 2,407.9 | 47.7 |
Hybrid | 1,575.8 | 82.1 | 4.9 |
Bond | 4,426.1 | 2,635.2 | 37.3 |
Total | 15,884.6 | 16,793.9 | 51.4 |
* Data for funds that invest primarily in other mutual funds were excluded from the series.
Note: Components may not add to the total because of rounding.
Flows of Long-Term Mutual Funds and ETFs*
Millions of dollars
| Active May 2025 | Active Apr 2025 | Index May 2025 | Index Apr 2025 | |
|---|---|---|---|---|
Equity | ||||
Domestic equity | -24,196 | -24,166 | 6,205 | 35,926 |
World equity | -8,390 | -12,089 | 11,844 | 1,089 |
Hybrid | -6,063 | -12,897 | -225 | -812 |
Bond | 28,438 | -41,868 | 30,333 | -11,184 |
Total | -10,211 | -91,020 | 48,157 | 25,018 |
* Data for funds that invest primarily in other mutual funds were excluded from the series.
Note: Components may not add to the total because of rounding.
Highlights: Long-term active funds—equity, hybrid, and bond funds—had a net outflow of $10.21 billion in May versus an outflow of $91.02 billion in April, while long-term index funds had a net inflow of $48.16 billion in May versus an inflow of $25.02 billion in April.
Active funds
Equity funds posted an outflow of $32.59 billion in May, compared with an outflow of $36.26 billion in April. Among equity funds, world equity funds (U.S. funds that invest primarily overseas) posted an outflow of $8.39 billion in May, versus an outflow of $12.09 billion in April. Funds that invest primarily in the United States had an outflow of $24.20 billion in May, versus an outflow of $24.17 billion in April.
Hybrid funds posted an outflow of $6.06 billion in May, compared with an outflow of $12.90 billion in April.
Bond funds had an inflow of $28.44 billion in May, compared with an outflow of $41.87 billion in April.
Index funds
Equity funds posted an inflow of $18.05 billion in May, compared with an inflow of $37.02 billion in April. Among equity funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $11.84 billion in May, versus an inflow of $1.09 billion in April. Funds that invest primarily in the United States had an inflow of $6.21 billion in May, versus an inflow of $35.93 billion in April.
Hybrid funds posted an outflow of $225 million in May, compared with an outflow of $812 million in April.
Bond funds had an inflow of $30.33 billion in May, compared with an outflow of $11.18 billion in April.
Number of Long-Term Mutual Funds and ETFs*
| Active May 2025 | Active Apr 2025 | Index May 2025 | Index Apr 2025 | |
|---|---|---|---|---|
Equity | ||||
Domestic equity | 3,533 | 3,513 | 1,275 | 1,275 |
World equity | 1,502 | 1,502 | 673 | 674 |
Hybrid | 672 | 680 | 31 | 31 |
Bond | 2,303 | 2,301 | 464 | 463 |
Total | 8,010 | 7,996 | 2,443 | 2,443 |
* Data for funds that invest primarily in other mutual funds were excluded from the series.
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