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TARBX Touchstone Arbitrage Institutional

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Fund TARBX Touchstone Arbitrage Institutional MNA IQ Merger Arbitrage ETF  
Similarity
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100% 87%
Annual Fees
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$132.89
(1.30% Exp. Ratio)
$78.71
(0.77% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.22% annual return
$13,065.50 $15,342.68
Est. savings over 30 yrs +$2,277.18
Return
As of 10/31/16
1 YR RETURN 4.15%
3 YR 2.06%
5 YR --
10 YR --
1 YR RETURN 4.92%
3 YR 3.16%
5 YR 3.47%
10 YR --
Description
The investment seeks to achieve positive absolute returns over the long-term regardless of market conditions. The fund primarily invests, under normal market conditions, in equity securities of U.S. and foreign issuers. Equity securities include common stock and preferred stock. It seeks to purchase securities of companies that are involved in corporate reorganizations, such as publicly announced mergers, takeovers, tender offers, debt restructurings, minority purchases, leveraged buyouts, spin-offs, and liquidations. The fund is non-diversified.
The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index. The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. 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.

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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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