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SMMIX Invesco Summit P

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Fund SMMIX Invesco Summit P PARNX Parnassus  
Similarity
?
100% 89%
Annual Fees
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$94.01
(0.89% Exp. Ratio)
$88.73
(0.84% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.63% annual return
$39,494.65 $40,096.78
Est. savings over 30 yrs +$602.13
Return
As of 11/30/16
1 YR RETURN 0.54%
3 YR 7.20%
5 YR 13.20%
10 YR 6.19%
1 YR RETURN 6.87%
3 YR 9.83%
5 YR 16.72%
10 YR 9.23%
Description
The investment seeks long-term growth of capital. The fund invests primarily in equity securities of issuers of all market capitalizations. It does not invest in companies whose primary business involves alcohol, tobacco or gambling. The fund invests primarily in securities that are considered by the fund's portfolio managers to have potential for earnings or revenue growth. It may invest up to 25% of its net assets in foreign securities.
The investment seeks capital appreciation. The fund invests in undervalued stocks. It follows a "contrarian" strategy of seeking to invest in stocks that are currently out of favor with the financial community and are therefore deeply undervalued. The fund's investment adviser expects that if these undervalued companies are financially strong and have good prospects for the future, they will come back into favor and increase in market value. It is a "multi-cap" fund in that it can invest in companies of any size, from larger, well-established companies to smaller companies with market capitalizations below $1 billion.

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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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