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SHPAX Saratoga Health & Biotechnology A

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Fund SHPAX Saratoga Health & Biotechnology A XHE SPDR® S&P Health Care Equipment ETF IHI iShares US Medical Devices  
Similarity
?
100% 87% 91%
Annual Fees
?
$234.54
(2.22% Exp. Ratio)
$36.98
(0.35% Exp. Ratio)
$46.49
(0.44% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.65% annual return
$26,524.53 $46,823.71 $45,571.50
Est. savings over 30 yrs +$20,299.18 +$19,046.97
Return
As of 11/30/16
1 YR RETURN -1.45%
3 YR 7.61%
5 YR 13.88%
10 YR 9.83%
1 YR RETURN 10.85%
3 YR 12.36%
5 YR 17.81%
10 YR --
1 YR RETURN 8.52%
3 YR 13.77%
5 YR 18.42%
10 YR 10.67%
Description
The investment seeks long-term capital growth. The fund will normally invest at least 80% of its total assets in equity securities of U.S. and foreign healthcare companies and biotechnology companies, regardless of their stock market value (or "market capitalization"). Equity securities include common stocks, preferred stocks, securities convertible into common stocks and warrants. The Adviser utilizes a top-down investment approach focused on long-term economic trends.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care equipment and supplies segment of a U.S. total market composite index. In seeking to track the performance of the S&P Health Care Equipment Select Industry Index (the "index"), the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the health care equipment segment of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.
The investment seeks to track the investment results of the Dow Jones U.S. Select Medical Equipment Index composed of U.S. equities in the medical devices sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index includes medical equipment companies such as manufacturers and distributors of medical devices such as magnetic resonance imaging (MRI) scanners, prosthetics, pacemakers, X-ray machines, and other non-disposable medical devices. The fund 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.

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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".

Yes, funds and ETFs charge fees

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