Kumal Kapoor on the importance of low fees when choosing a fund

I don't think it's a passive vs. active debate...  Ironically, even Vanguard's active funds are quite good.  And the reason they are is because they're low fee.  So if you parse our data, what you find in public markets is it's less about "Is active winning or is passive winning?"  It's really about low cost is beating the heck out of high cost, including in the active space.

~ Kumal Kapoor, Morningstar, Barron's interview, February 20, 2025