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CPNYX Invesco All Cap Market Neutral Y

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Fund CPNYX Invesco All Cap Market Neutral Y CHEP QuantShares US Market Neutral Value RALS ProShares RAFI® Long/Short  
Similarity
?
100% 91% 86%
Annual Fees
?
$139.99
(1.37% Exp. Ratio)
$76.64
(0.75% Exp. Ratio)
$97.08
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.19% annual return
$12,647.37 $15,263.17 $14,366.92
Est. savings over 30 yrs +$2,615.80 +$1,719.55
Return
As of 11/30/16
1 YR RETURN -0.59%
3 YR --
5 YR --
10 YR --
1 YR RETURN 9.18%
3 YR -0.50%
5 YR 2.03%
10 YR --
1 YR RETURN 4.04%
3 YR -0.84%
5 YR 2.45%
10 YR --
Description
The investment seeks to provide a positive return over a full market cycle from a broadly diversified portfolio of stocks while seeking to limit exposure to the general risks associated with stock market investing. Under normal market conditions, the fund employs a market neutral strategy designed to produce an investment portfolio that is neutral with respect to general U.S. stock market risk. It implements this strategy by seeking to maintain long and short positions with approximately equal value in different investments within the same market sectors and industries.
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.
The investment seeks investment results, before fees and expenses that track the performance of the FTSE RAFITM US 1000 Long/Short Total Return Index. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the index. The index allocates an aggregate equal dollar amount to both long and short equity positions each time that the index rebalances. To be "long" means to hold or have long exposure to an asset with the expectation that its value will increase over time. The fund is non-diversified.

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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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