Investment Test Drive

CNGEX American Funds New Economy 529E

6 lower fee alternatives found

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Fund CNGEX American Funds New Economy 529E FIBG Credit Suisse FI Enhanced Big Cap Gr ETN ONEQ Fidelity® Nasdaq Composite Tr Stk ETF  
Similarity
?
100% 93% 86%
Annual Fees
?
$117.25
(1.11% Exp. Ratio)
$5.28
(0.05% Exp. Ratio)
$22.18
(0.21% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.63% annual return
$37,050.50 $51,016.04 $48,622.07
Est. savings over 30 yrs +$13,965.54 +$11,571.57
Return
As of 10/31/16
1 YR RETURN 0.34%
3 YR 4.87%
5 YR 13.22%
10 YR 7.07%
1 YR RETURN 1.59%
3 YR 12.94%
5 YR --
10 YR --
1 YR RETURN 4.00%
3 YR 11.05%
5 YR 15.37%
10 YR 9.15%
Description
The investment seeks long term growth of capital; current income is a secondary consideration. The fund invests primarily in common stocks that the investment adviser believes have the potential for growth. It normally invests in securities of companies that can benefit from innovation, exploit new technologies or provide products and services that meet the demands of an evolving global economy. The fund may invest a significant portion of its assets in issuers based outside the United States, including those based in developing countries.
The ETNs are medium-term notes of Credit Suisse AG (“Credit Suisse”), the return on which is linked to the performance of the Russell 1000® Growth Index Total Return (the “Index”) on a leveraged basis. The ETNs seek to approximate the return that might be available through a leveraged “long” investment strategy in the components of the Index. A leveraged “long” investment strategy involves the practice of borrowing money from a third party lender at an agreed-upon rate of interest and using the borrowed money together with investor capital to purchase assets (e.g., equity securities).
The investment seeks to provide investment returns that closely correspond to the price and yield performance of the Nasdaq Composite Index®. The fund normally invests at least 80% of assets in common stocks included in the index. It uses statistical sampling techniques that take into account such factors as capitalization, industry exposures, dividend yield, price/earnings (P/E) ratio, price/book (P/B) ratio, and earnings growth to create a portfolio of securities listed in the Nasdaq Composite Index that have a similar investment profile to the entire 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.

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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