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CPMNX Convergence Market Neutral Institutional

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Fund CPMNX Convergence Market Neutral Institutional ALHIX AC AlternativesĀ® Equity Market Netr Inv  
100% 86%
Annual Fees
(1.50% Exp. Ratio)
(1.40% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.19% annual return
$12,156.36 $12,532.10
Est. savings over 30 yrs +$375.75
As of 11/30/16
3 YR --
5 YR --
10 YR --
1 YR RETURN -0.09%
3 YR 0.03%
5 YR 1.20%
10 YR 0.98%
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 capital appreciation independent of equity market conditions. In selecting stocks for the fund, the portfolio managers use quantitative management techniques in a two-step process. First, the managers rank stocks, primarily publicly traded U.S. companies with a market capitalization greater than $1 billion. Second, the portfolio managers use a quantitative model to build a portfolio of stocks from the ranking that they believe will provide the optimal balance between risk and expected return. The fund will invest at least 80% of its net assets in equity investments.

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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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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

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