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IONAX American Beacon Ionic Strat Arbtrg A

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Fund IONAX American Beacon Ionic Strat Arbtrg A ZMNVX Zacks Market Neutral Investor  
100% 86%
Annual Fees
(2.01% Exp. Ratio)
(1.65% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.15% annual return
$10,291.75 $11,488.60
Est. savings over 30 yrs +$1,196.86
As of 12/31/16
1 YR RETURN 0.98%
3 YR 2.75%
5 YR --
10 YR --
1 YR RETURN 6.54%
3 YR 4.71%
5 YR 1.71%
10 YR --
The investment seeks capital appreciation with low volatility and reduced correlation to equities and interest rates. The fund seeks to achieve its investment objective by implementing a strategic arbitrage strategy comprised of: convertible arbitrage, credit/rates relative value arbitrage, equity arbitrage and volatility arbitrage. It seeks to employ a "market neutral," strategy, meaning that the fund's returns are not intended to be closely correlated to the stock market as a whole, interest rates, or a particular market index. The fund is non-diversified.
The investment seeks to generate positive returns in both rising and falling equity markets. The fund seeks a total return greater than the return on three-month U.S. Treasury Bills. The manager attempts to maintain minimal exposure to general market risk by always having both long and short positions in stocks, options and other instruments. It has a long position in a security when it owns the security and has "sold short" a position when it sells a security it does not own. The fund may invest in equity securities of companies of any size capitalization, including mid-cap and small-cap companies.

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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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