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GSAZX Goldman Sachs Long Shrt Crdt Strats R

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Fund GSAZX Goldman Sachs Long Shrt Crdt Strats R ARCFX Arbitrage Credit Opportunities R  
Similarity
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100% 87%
Annual Fees
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$174.76
(1.72% Exp. Ratio)
$154.44
(1.52% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.60% annual return
$9,574.97 $10,177.11
Est. savings over 30 yrs +$602.13
Return
As of 10/31/16
1 YR RETURN 2.77%
3 YR 0.44%
5 YR 3.18%
10 YR --
1 YR RETURN 2.90%
3 YR 1.19%
5 YR --
10 YR --
Description
The investment seeks an absolute return comprised of income and capital appreciation. The fund will invest at least 80% of its net assets plus any borrowings for investment purposes in the following credit related instruments: (i) fixed rate and floating rate income securities; (ii) loans and loan participations (iii) convertible securities; (iv) collateralized debt, bond and loan obligations; (v) bank and corporate debt obligations; (vi) securities; (vii) preferred securities and trust preferred securities; (viii) structured securities; (ix) listed and unlisted, public and private, rated and unrated debt instruments. It is non-diversified.
The investment seeks to provide current income and capital growth. The fund invests primarily in a portfolio of debt securities including corporate bonds and debentures (including high yield bonds commonly known as "junk bonds"), bank loans, convertible and preferred securities, credit default swaps and other debt instruments and derivatives that the fund's investment adviser believes have debt-like characteristics. It invests in both domestic and foreign debt securities. The principal types of derivatives in which the fund may invest are credit default swaps, interest rate swaps, total return swaps, futures and options.

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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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