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HFXE IQ 50 Percent Hedged FTSE Europe ETF

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Fund HFXE IQ 50 Percent Hedged FTSE Europe ETF HEUV iShares Edge MSCI Min Vol Europe Ccy Hg DBEU Deutsche X-trackers MSCI Europe Hedgd Eq  
Similarity
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100% 91% 98%
Annual Fees
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$48.63
(0.46% Exp. Ratio)
$29.60
(0.28% Exp. Ratio)
$47.58
(0.45% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.73% annual return
$46,278.91 $48,856.48 $46,418.59
Est. savings over 30 yrs +$2,577.56 +$139.68
Return
As of 11/30/16
1 YR RETURN -4.83%
3 YR --
5 YR --
10 YR --
1 YR RETURN -3.94%
3 YR --
5 YR --
10 YR --
1 YR RETURN -1.70%
3 YR 3.94%
5 YR --
10 YR --
Description
The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the FTSE Developed Europe 50% Hedged to USD Index (the "underlying index"). The underlying index is an equity benchmark for European countries, with approximately half of the currency exposure of the securities included in the underlying index "hedged" against the U.S. dollar on a monthly basis. The fund invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the securities and other instruments included in its underlying index.
The investment seeks to track the MSCI Europe Minimum Volatility (USD) 100% Hedged to USD Index. The fund will invest at least 90% of its assets in the component securities and other instruments of the index and in investments that have economic characteristics that are substantially identical to the component securities of the index. The index is an equity benchmark which represents the performance of European developed market equity securities that have lower volatility characteristics relative to the broader European developed equity markets and with the currency risk inherent in the securities included in the index hedged to USD. It is non-diversified.
The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI Europe US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, seeks investment results that correspond generally to the performance, of the underlying index, which is designed to track the performance of the developed markets in Europe, while mitigating exposure to fluctuations between the value of the U.S. dollar and the currencies of the countries included in the underlying index. It will invest at least 80% of its total assets in component securities of the underlying index.

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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.

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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".

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