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QMNNX AQR Equity Market Neutral N

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Fund QMNNX AQR Equity Market Neutral N BTAL QuantShares US Market Neut Anti-Beta  
Similarity
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100% 86%
Annual Fees
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$163.56
(1.60% Exp. Ratio)
$76.67
(0.75% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.22% annual return
$11,925.17 $15,435.73
Est. savings over 30 yrs +$3,510.56
Return
As of 10/31/16
1 YR RETURN 5.33%
3 YR --
5 YR --
10 YR --
1 YR RETURN 6.23%
3 YR 2.86%
5 YR -0.85%
10 YR --
Description
The investment seeks positive absolute returns. The fund is designed to be market- or beta-neutral, which means that the fund seeks to achieve returns that are not closely correlated with the returns of the equity markets in which the fund invests. Under normal market conditions, it pursues its investment objective by investing at least 80% of its net assets (including borrowings for investment purposes) in equity instruments and equity related and/or derivative instruments.
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 Anti-Beta 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 underlying 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.

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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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