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GPHAX Grant Park Absolute Return A

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Fund GPHAX Grant Park Absolute Return A QED IQ Hedge Event-Driven Tracker ETF  
100% 90%
Annual Fees
(1.99% Exp. Ratio)
(0.99% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.93% annual return
$9,719.82 $13,180.09
Est. savings over 30 yrs +$3,460.27
As of 9/30/16
1 YR RETURN 7.81%
3 YR --
5 YR --
10 YR --
1 YR RETURN 8.28%
3 YR --
5 YR --
10 YR --
The investment seeks to provide positive absolute return. The fund seeks to achieve its investment objective by allocating its assets between two independent, underlying strategies: an investment growth strategy and a fixed income strategy. In pursuing its investment growth strategy, the fund will buy and sell futures contracts to gain exposure to the returns of U.S. and European equity indices including the S&P 500, the Nasdaq 100, the FTSE 100, Dax and the Dow Jones Eurostoxx 50. In pursuing its fixed income strategy, it seeks to generate interest income and preserve principal by investing in shares of another mutual fund that is also advised by the adviser.
The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the IQ Hedge Event-Driven Index (the "underlying index"). The fund is a "fund of funds" which means it invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.

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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.


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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