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PZILX Pzena Long/Short Value Instl

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Fund PZILX Pzena Long/Short Value Instl FMLSX Wasatch Long/Short Investor  
Similarity
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100% 88%
Annual Fees
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$181.78
(1.75% Exp. Ratio)
$135.03
(1.30% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.87% annual return
$18,406.42 $21,110.91
Est. savings over 30 yrs +$2,704.50
Return
As of 10/31/16
1 YR RETURN 2.59%
3 YR --
5 YR --
10 YR --
1 YR RETURN 7.40%
3 YR -2.23%
5 YR 3.34%
10 YR 3.94%
Description
The investment seeks to achieve long-term capital appreciation. The fund seeks to achieve long-term capital appreciation through long positions in securities priced below, and short positions in securities priced above, the Adviser's estimate of long-term earnings power. It invests primarily in publicly traded equity securities. The fund primarily invests in U.S. listed companies among the largest 1,000 ranked companies by market capitalization, including up to 20% of its net assets in shares of foreign companies such as ADRs or dollar-denominated foreign securities. It may also invest in real estate investment trusts ("REITs").
The investment seeks capital appreciation. The fund invests primarily in equity securities by maintaining long equity positions and short equity positions. It invests the fund's assets in the equity securities of companies with market capitalizations of at least $100 million at the time of purchase that the managers have identified as being undervalued and the managers will sell short those securities that the managers have identified as being overvalued. The fund may invest a large percentage of its assets in a few sectors, including consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology and materials.

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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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