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MKNAX Invesco Global Market Neutral A

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Fund MKNAX Invesco Global Market Neutral A
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Similarity
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100%
Annual Fees
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$165.60
(1.62% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.22% annual return
$11,852.67
Est. savings over 30 yrs
Return
As of 10/31/16
1 YR RETURN -3.64%
3 YR --
5 YR --
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 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 countries and market sectors.

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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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