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SHAIX Schooner Hedged Alternative Income Instl

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Fund SHAIX Schooner Hedged Alternative Income Instl CHEP QuantShares US Market Neutral Value RALS ProShares RAFI® Long/Short  
100% 86% 91%
Annual Fees
(1.38% Exp. Ratio)
(0.75% Exp. Ratio)
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.22% annual return
$12,751.51 $15,435.73 $14,529.34
Est. savings over 30 yrs +$2,684.22 +$1,777.84
As of 10/31/16
1 YR RETURN -4.88%
3 YR --
5 YR --
10 YR --
1 YR RETURN 1.64%
3 YR -1.77%
5 YR 0.59%
10 YR --
1 YR RETURN 1.39%
3 YR -1.03%
5 YR 1.67%
10 YR --
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 performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Value 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 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. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.
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.

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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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