Investment Test Drive

MARNX Convergence Core Plus Institutional

3 lower fee alternatives found

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Fund MARNX Convergence Core Plus Institutional TILT FlexShares Mstar US Mkt Factors Tilt ETF POMIX T. Rowe Price Total Equity Market Idx  
Similarity
?
100% 85% 87%
Annual Fees
?
$133.22
(1.26% Exp. Ratio)
$26.43
(0.25% Exp. Ratio)
$31.72
(0.30% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.73% annual return
$36,400.75 $49,397.36 $48,659.92
Est. savings over 30 yrs +$12,996.61 +$12,259.17
Return
As of 12/31/16
1 YR RETURN 12.39%
3 YR 7.57%
5 YR 14.57%
10 YR --
1 YR RETURN 16.98%
3 YR 7.98%
5 YR 14.75%
10 YR --
1 YR RETURN 12.69%
3 YR 8.28%
5 YR 14.57%
10 YR 7.05%
Description
The investment seeks long-term capital growth. The fund establishes long and short positions in equity securities of domestic and foreign companies. The advisor focuses primarily on companies with medium and large market capitalizations, although it may establish long and short positions in companies of any market capitalization. The fund will hold long (purchase) securities that the adviser believes will outperform the market, and will sell short securities expected to underperform the market. The advisor intends to maintain a net long exposure (the market value of long positions minus the market value of short positions) of approximately 100%.
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MorningstarĀ® US Market Factor Tilt IndexSM. Under normal circumstances, the fund will invest at least 80% of its total assets in the securities of the underlying index. The underlying index reflects the performance of a selection of U.S. equity securities that is designed to provide broad exposure to the overall U.S. equities market, with increased exposure (or a "tilt") to small-capitalization stocks and value stocks. It may also invest up to 20% of its assets in cash and cash equivalents.
The investment seeks to match the performance of the entire U.S. stock market. Under normal conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in stocks that are held in its benchmark index. The fund seeks to match the performance of the entire U.S. stock market. The fund uses the S&P Total Market Index (S&P Index) as its benchmark index to represent the U.S. stock market as a whole.

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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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