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LLSIX Lazard Fundamental Long/Short Instl

2 lower fee alternatives found

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Fund LLSIX Lazard Fundamental Long/Short Instl LSNYX VanEck Long/Short Equity Index Y HTUS Hull Tactical US ETF  
Similarity
?
100% 87% 86%
Annual Fees
?
$179.70
(1.73% Exp. Ratio)
$74.79
(0.72% Exp. Ratio)
$94.52
(0.91% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.87% annual return
$18,519.15 $25,167.81 $23,762.24
Est. savings over 30 yrs +$6,648.66 +$5,243.08
Return
As of 10/31/16
1 YR RETURN -8.16%
3 YR --
5 YR --
10 YR --
1 YR RETURN -0.06%
3 YR --
5 YR --
10 YR --
1 YR RETURN 7.07%
3 YR --
5 YR --
10 YR --
Description
The investment seeks capital appreciation. The fund utilizes a long/short investment strategy through investments in equity securities, principally common stocks, and derivative instruments that provide exposure to such equity securities. The Investment Manager's approach in managing the Portfolio is based on its bottom-up relative-value philosophy. The Investment Manager seeks to take long positions by investing in equity securities of companies with strong and/or improving financial productivity that have attractive valuations. The fund is non-diversified.
The investment seeks to track, before fees and expenses, the performance of the MVISTM North America Long/Short Equity Index. The fund normally invests at least 80% of its net assets in securities that comprise the index. The index is constructed using a rules based process and seeks to capture the performance of a group of long/short equity hedge funds that focus on North American companies (the "Proprietary L/S Equity Universe"). MV Index Solutions GmbH (the "index provider"), an affiliate of the Adviser, uses a two-step process to identify the Proprietary L/S Equity Universe. It is non-diversified.
The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective by taking long and short positions in one or more exchange-traded funds ("ETFs") that seek to track the performance of the S&P 500 Index. It may also invest up to 10% of its total assets in leveraged or inverse ETFs that seek to deliver multiples (long), or the inverse (short), of the performance of the S&P 500 Index, respectively. The fund will enter into futures contracts, in conjunction with investing in shares of an S&P 500-related ETF, to seek the desired long or short exposure to the S&P 500 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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