Active and Index Combined Long-Term Mutual Funds and Exchange-Traded Funds (ETFs): October 2025
Washington, DC; December 01, 2025—The combined assets of the nation’s active mutual funds and ETFs increased by $176.45 billion, or 1.0 percent, to $17.41 trillion in October while the combined assets of the nation’s indexed mutual funds and ETFs increased by $406.57 billion, or 2.2 percent, to $19.00 trillion in October 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 Oct 2025 |
Index Oct 2025 |
Index as a % of Total |
|
|---|---|---|---|
| Equity | |||
|
Domestic equity |
8,013.3 | 13,245.8 | 62.3 |
|
World equity |
2,926.0 | 2,794.6 | 48.9 |
| Hybrid | 1,700.1 | 89.1 | 5.0 |
| Bond | 4,769.0 | 2,870.1 | 37.6 |
| Total | 17,408.4 | 18,999.6 | 52.2 |
* 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 Oct 2025 |
Active Sep 2025 |
Index Oct 2025 |
Index Sep 2025 |
|
|---|---|---|---|---|
| Equity | ||||
|
Domestic equity |
-50,281 | -32,642 | 37,535 | 14,448 |
|
World equity |
-5,908 | -1,784 | 22,586 | 15,226 |
| Hybrid | -6,794 | -4,666 | -176 | -10 |
| Bond | 32,421 | 33,387 | 41,752 | 35,246 |
| Total | -30,562 | -5,704 | 101,696 | 64,911 |
* 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 $30.56 billion in October versus an outflow of $5.70 billion in September, while long-term index funds had a net inflow of $101.70 billion in October versus an inflow of $64.91 billion in September.
Active funds
Equity funds posted an outflow of $56.19 billion in October, compared with an outflow of $34.43 billion in September. Among equity funds, world equity funds (U.S. funds that invest primarily overseas) posted an outflow of $5.91 billion in October, versus an outflow of $1.78 billion in September. Funds that invest primarily in the United States had an outflow of $50.28 billion in October, versus an outflow of $32.64 billion in September.
Hybrid funds posted an outflow of $6.79 billion in October, compared with an outflow of $4.67 billion in September.
Bond funds had an inflow of $32.42 billion in October, compared with an inflow of $33.39 billion in September.
Index funds
Equity funds posted an inflow of $60.12 billion in October, compared with an inflow of $29.67 billion in September. Among equity funds, world equity funds (U.S. funds that invest primarily overseas) posted an inflow of $22.59 billion in October, versus an inflow of $15.23 billion in September. Funds that invest primarily in the United States had an inflow of $37.54 billion in October, versus an inflow of $14.45 billion in September.
Hybrid funds posted an outflow of $176 million in October, compared with an outflow of $10 million in September.
Bond funds had an inflow of $41.75 billion in October, compared with an inflow of $35.25 billion in September.
Number of Long-Term Mutual Funds and ETFs*
| Active Oct 2025 |
Active Sep 2025 |
Index Oct 2025 |
Index Sep 2025 |
|
|---|---|---|---|---|
| Equity | ||||
|
Domestic equity |
3,786 | 3,713 | 1,289 | 1,288 |
|
World equity |
1,493 | 1,491 | 676 | 673 |
| Hybrid | 675 | 678 | 31 | 31 |
| Bond | 2,298 | 2,295 | 475 | 475 |
| Total | 8,252 | 8,177 | 2,471 | 2,467 |
* Data for funds that invest primarily in other mutual funds were excluded from the series.
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