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WGLCX Wells Fargo Global Long/Short C

1 lower fee alternative found

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Fund WGLCX Wells Fargo Global Long/Short C ALEVX AC AlternativesĀ® Long Short Investor  
Similarity
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100% 86%
Annual Fees
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$264.87
(2.55% Exp. Ratio)
$252.41
(2.43% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.87% annual return
$14,402.83 $14,944.51
Est. savings over 30 yrs +$541.68
Return
As of 10/31/16
1 YR RETURN -1.31%
3 YR --
5 YR --
10 YR --
1 YR RETURN 0.18%
3 YR --
5 YR --
10 YR --
Description
The investment seeks long-term capital appreciation. Normally, the fund invests primarily in long and short positions in equities and equity-related securities of any market capitalization. This includes securities located in no fewer than three countries and may include the U.S. It may also invest in emerging market issuers. The fund also may take both long and short positions in currency and other derivatives such as futures, options, swaps, and forwards, for both hedging and speculative purposes. It may borrow money to purchase additional securities or to maintain cash to offset short positions.
The investment seeks to provide capital appreciation. The fund pursues its investment objective by combining several long and short equity-oriented investment strategies in the pursuit of returns with lower correlation to the traditional equity markets. This alternative approach seeks to provide less volatility than traditional equity investments over the full market cycle. A full market cycle is a period of time that contains a wide variety of market environments. The financial markets are inherently cyclical and each market cycle has defined parts or stages, the most basic of which are bear market, recovery and bull market.

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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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