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WMLPX Westwood MLP and Strategic Energy Instl

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Fund WMLPX Westwood MLP and Strategic Energy Instl TPYP Tortoise North American Pipeline Fund MLPX Global X MLP & Energy Infrastructure ETF  
Similarity
?
100% 89% 89%
Annual Fees
?
$108.84
(1.03% Exp. Ratio)
$42.27
(0.40% Exp. Ratio)
$47.55
(0.45% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.67% annual return
$38,334.02 $46,372.17 $45,678.85
Est. savings over 30 yrs +$8,038.15 +$7,344.83
Return
As of 10/31/16
1 YR RETURN -1.93%
3 YR --
5 YR --
10 YR --
1 YR RETURN 10.39%
3 YR --
5 YR --
10 YR --
1 YR RETURN 1.94%
3 YR 0.51%
5 YR --
10 YR --
Description
The investment seeks to provide total return through a combination of capital appreciation and current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in MLPs and other energy-related investments. It may invest no more than 25% (or such higher amount as permitted by any applicable tax diversification rules) of its total assets in the securities of MLPs and other entities treated as qualified publicly traded partnerships for U.S. federal income tax purposes. The fund is non-diversified.
The investment seeks investment results that correspond (before fees and expenses) generally to the price and distribution rate (total return) performance of the Tortoise North American Pipeline Index (the "underlying index"). The fund will normally invest at least 80% of its total assets in securities that comprise the underlying index (or depository receipts based on such securities). The underlying index is a proprietary rules-based, capitalization weighted, float adjusted index designed to track the overall performance of equity securities of North American Pipeline Companies. The fund is non-diversified.
The investment seeks to provide investment results that correspond generally to the price and yield performance of the Solactive MLP & Energy Infrastructure Index ("underlying index"). The fund invests at least 80% of its total assets in the securities of the underlying index. It also invests at least 80% of its total assets in securities of master limited partnerships and energy infrastructure corporations. The fund's 80% investment policies are non-fundamental and require 60 days' prior written notice to shareholders before they can be changed. The underlying index tracks the performance of MLPs and energy infrastructure corporations. It is non-diversified.

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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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