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CPMNX Convergence Market Neutral Institutional

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Fund CPMNX Convergence Market Neutral Institutional MOM QuantShares US Market Neut Momentum  
100% 85%
Annual Fees
(1.50% Exp. Ratio)
(0.75% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.93% annual return
$11,288.43 $14,173.00
Est. savings over 30 yrs +$2,884.58
As of 9/30/16
3 YR --
5 YR --
10 YR --
1 YR RETURN -11.81%
3 YR -0.81%
5 YR 0.52%
10 YR --
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 Momentum Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Momentum Index. The Target Momentum Index is a 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.

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