Investment Test Drive

MHELX MH Elite Small Cap Fund of Funds

2 lower fee alternatives found

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Fund MHELX MH Elite Small Cap Fund of Funds TAAIX Thrivent Aggressive Allocation S MHEFX MH Elite Fund of Funds  
Similarity
?
100% 85% 87%
Annual Fees
?
$218.85
(2.08% Exp. Ratio)
$88.38
(0.84% Exp. Ratio)
$213.59
(2.03% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.22% annual return
$24,462.96 $35,683.09 $24,840.49
Est. savings over 30 yrs +$11,220.13 +$377.53
Return
As of 10/31/16
1 YR RETURN 1.39%
3 YR 1.18%
5 YR 8.91%
10 YR 3.43%
1 YR RETURN 1.69%
3 YR 4.84%
5 YR 9.41%
10 YR 5.23%
1 YR RETURN 1.39%
3 YR 3.54%
5 YR 9.45%
10 YR 4.00%
Description
The investment seeks long term capital appreciation. The fund invests at least 80% of its total assets in 16 to 25 unaffiliated open-end mutual funds (underlying funds) which in turn, invest principally (i.e. at least 80% of their total assets) in common stocks of small and micro-capitalization companies. The adviser currently considers small capitalization companies to be those with market capitalization of $2 billion or less and considers micro-capitalization companies to be those with market capitalization of $500 million or less.
The investment seeks long-term capital growth. The fund pursues its objective by investing in a combination of underlying funds and directly held financial instruments. It allocates 75%-100% of its assets in equity securities, and 0%-25% in debt securities. The fund may also enter into credit default swap agreements on security indexes. It may enter into standardized derivatives contracts traded on domestic or foreign securities exchanges, boards of trade, or similar entities, and non-standardized derivatives contracts traded in the over-the-counter market.
The investment seeks long term capital appreciation. The fund invests at least 80% of its total assets in 16 to 25 unaffiliated open-end mutual funds (underlying funds) which in turn, invest principally (i.e. at least 80% of their total assets) in common stocks of mid and large-capitalization companies. It currently considers mid cap companies to have a market capitalization of between $2.5 billion and $10 billion and considers large-cap companies to have a market capitalization greater than $10 billion. The fund will invest in institutional or adviser share classes to help reduce the costs associated with investing in 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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