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QMACX Oppenheimer Global Multi-Asset Income C

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Fund QMACX Oppenheimer Global Multi-Asset Income C PCEF PowerShares CEF Income Composite ETF  
Similarity
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100% 85%
Annual Fees
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$213.17
(2.06% Exp. Ratio)
$200.76
(1.94% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.48% annual return
$14,957.13 $15,516.79
Est. savings over 30 yrs +$559.66
Return
As of 10/31/16
1 YR RETURN 4.55%
3 YR --
5 YR --
10 YR --
1 YR RETURN 10.10%
3 YR 5.19%
5 YR 6.99%
10 YR --
Description
The investment seeks total return. The fund seeks to achieve its investment objective by investing in a broad range of debt securities, equity securities and other types of investments. Under normal market conditions, it will invest either directly, indirectly (through underlying funds) or a combination of both, in securities of issuers that are economically tied to a number of different countries throughout the world. The fund can invest without limit in investment-grade and below investment-grade, high-yield debt securities (commonly referred to as "junk bonds").
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S-Network Composite Closed-End Fund IndexSM (the "underlying index"). The fund generally invests at least 90% of its total assets in securities of U.S.-listed closed-end funds that comprise the underlying index. It is a "fund of funds," as it invests its assets in the common shares of funds included in the underlying index rather than in individual securities (the "underlying funds").

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

Deep within every fund you own lies a hidden fee called expense ratio. It takes away a set % of your savings each and every year. It can often be easily reduced by switching to similar investments with lower expense ratios.

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