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SHAAX Schooner Hedged Alternative Income A

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Fund SHAAX Schooner Hedged Alternative Income A RALS ProShares RAFI® Long/Short ALHIX AC Alternatives® Equity Market Netr Inv  
Similarity
?
100% 91% 96%
Annual Fees
?
$166.55
(1.63% Exp. Ratio)
$97.07
(0.95% Exp. Ratio)
$143.05
(1.40% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.18% annual return
$11,667.34 $14,345.84 $12,514.09
Est. savings over 30 yrs +$2,678.50 +$846.75
Return
As of 11/30/16
1 YR RETURN -6.32%
3 YR --
5 YR --
10 YR --
1 YR RETURN 4.04%
3 YR -0.84%
5 YR 2.45%
10 YR --
1 YR RETURN -0.09%
3 YR 0.03%
5 YR 1.20%
10 YR 0.98%
Description
The investment seeks long-term capital appreciation through the generation of income using strategies that have minimal correlation with traditional fixed income markets. The fund seeks to achieve its investment objective by selling (writing) listed put options on domestic equity securities without regard to market capitalization, including common stocks, preferred stocks and exchange traded funds ("ETFs") that invest in equity securities or that seek to track U.S. equity indices. It seeks to generate distributable cash flow by passing through the net option premium received from its sales of put options. The fund is non-diversified.
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.
The investment seeks capital appreciation independent of equity market conditions. In selecting stocks for the fund, the portfolio managers use quantitative management techniques in a two-step process. First, the managers rank stocks, primarily publicly traded U.S. companies with a market capitalization greater than $1 billion. Second, the portfolio managers use a quantitative model to build a portfolio of stocks from the ranking that they believe will provide the optimal balance between risk and expected return. The fund will invest at least 80% of its net assets in equity investments.

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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.

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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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