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CPMNX Convergence Market Neutral Institutional

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Fund CPMNX Convergence Market Neutral Institutional SIZ QuantShares US Market Neutral Size CHEP QuantShares US Market Neutral Value  
Similarity
?
100% 90% 89%
Annual Fees
?
$153.22
(1.50% Exp. Ratio)
$76.61
(0.75% Exp. Ratio)
$76.61
(0.75% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.15% annual return
$12,026.06 $15,099.13 $15,099.13
Est. savings over 30 yrs +$3,073.07 +$3,073.07
Return
As of 12/31/16
1 YR RETURN --
3 YR --
5 YR --
10 YR --
1 YR RETURN 3.22%
3 YR -4.69%
5 YR -2.58%
10 YR --
1 YR RETURN 13.05%
3 YR -0.23%
5 YR 2.18%
10 YR --
Description
The investment seeks positive absolute returns. The fund seeks to achieve its investment objective by establishing long and short positions in equity securities of domestic and foreign companies that are deemed to be attractive (and likely to increase in price), or unattractive (and likely to decrease in price). It is designed to be "market neutral," targeting a portfolio designed to generate positive absolute returns with low correlation to the U.S. equity market over a normal business cycle.
The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Size Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in common stock of the long position in the underlying index and sells short at least 80% of the short positions in the underlying index. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.
The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Value Index. The fund invests at least 80% of its net assets in common stock of the long positions in the underlying index and sells short at least 80% of the short positions in the underlying index. The index is a long/short market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

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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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