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TSPCX Turner Titan Long/Short Investor

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Fund TSPCX Turner Titan Long/Short Investor TMGYX Touchstone Merger Arbitrage Y MERFX Merger Investor  
Similarity
?
100% 86% 85%
Annual Fees
?
$219.62
(2.15% Exp. Ratio)
$139.94
(1.37% Exp. Ratio)
$139.94
(1.37% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.15% annual return
$9,859.64 $12,511.44 $12,511.44
Est. savings over 30 yrs +$2,651.80 +$2,651.80
Return
As of 12/31/16
1 YR RETURN -11.54%
3 YR -2.32%
5 YR -0.22%
10 YR --
1 YR RETURN 4.41%
3 YR 1.69%
5 YR 2.88%
10 YR --
1 YR RETURN 2.61%
3 YR 1.06%
5 YR 2.07%
10 YR 2.44%
Description
The investment seeks long-term capital appreciation. The fund invests primarily in equity securities of companies with large capitalization ranges across all major industry sectors using a long/short strategy in seeking to capture alpha, reduce volatility, and preserve capital in declining markets. It will typically hold between 75 and 125 securities long or short in the aggregate. The fund may invest and trade, both long and short, in a broad range of domestic and foreign equities (including common stock, preferred stock, or securities convertible into common stock).
The investment seeks to achieve positive absolute returns regardless of market conditions over the long-term. The fund primarily invests, under normal market conditions, in equity securities of U.S. and foreign issuers. It primarily buys securities of companies being acquired (the "target company") in publicly announced transactions where the terms of the transaction have been largely defined and disclosed. The weighted average maturity of the fund's fixed income investments will normally range from 3 to 7 years. The fund is non-diversified.
The investment seeks capital growth by engaging in merger arbitrage. Under normal market conditions, the fund invests at least 80% of its total assets principally in the common stock, preferred stock and, occasionally, warrants of companies which are involved in publicly announced mergers, takeovers, tender offers, leveraged buyouts, spin-offs, liquidations and other corporate reorganizations. Merger arbitrage is a highly specialized investment approach generally designed to profit from the successful completion of such transactions.

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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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