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JOEZX JPMorgan Opportunistic Equity L/S R2

3 lower fee alternatives found

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Fund JOEZX JPMorgan Opportunistic Equity L/S R2 VQT Barclays ETN+ S&P VEQTOR™ HHQAX Hancock Horizon Quant Long/Short Inv  
Similarity
?
100% 90% 85%
Annual Fees
?
$220.22
(2.12% Exp. Ratio)
$98.69
(0.95% Exp. Ratio)
$173.48
(1.67% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.88% annual return
$16,470.79 $23,525.02 $18,900.65
Est. savings over 30 yrs +$7,054.23 +$2,429.86
Return
As of 12/31/16
1 YR RETURN -1.00%
3 YR --
5 YR --
10 YR --
1 YR RETURN -0.86%
3 YR -2.17%
5 YR 1.69%
10 YR --
1 YR RETURN 3.31%
3 YR 3.97%
5 YR 8.74%
10 YR --
Description
The investment seeks capital appreciation. Under normal circumstances, the fund will invest at least 80% of its assets in long and short positions in equity securities, selecting from a universe of equity securities with market capitalizations similar to those included in the Russell 1000 and/or S&P 500 Index, at the time of purchase. In implementing its strategy, it primarily will buy or sell short common stocks, including real estate investment trusts (REITs) and depositary receipts. The fund's gross equity market exposure is limited to 200%. It is non-diversified.
The investment seeks to replicate, net of expenses, the S&P 500 Dynamic VEQTOR Total Return Index. The index seeks to provide broad equity market exposure with an implied volatility hedge by dynamically allocating its notional investments among three components: equity, volatility and cash. The equity component of the index is represented by the S&P 500 Total Return Index and the volatility component of the index is represented by the S&P 500 VIX Short-Term Futures Index.
The investment seeks long-term capital appreciation. The fund seeks long-term capital appreciation by taking long and short positions in equity securities of publicly-traded companies in the United States. Using a quantitative model developed by the Adviser, it buys stocks "long" that the Adviser believes are undervalued relative to their peers, and sells stocks "short" that the Adviser believes are overvalued relative to their peers. The fund typically maintains a net long exposure of approximately 45-115% and the Adviser expects that, on average, 0-35% of its assets will be sold "short."

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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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