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UMBMX Scout Mid Cap

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Fund UMBMX Scout Mid Cap EWMC Guggenheim S&P MidCap 400® Equal Wt ETF  
Similarity
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100% 89%
Annual Fees
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$109.89
(1.04% Exp. Ratio)
$43.32
(0.41% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.66% annual return
$38,132.37 $46,129.12
Est. savings over 30 yrs +$7,996.75
Return
As of 11/30/16
1 YR RETURN 13.47%
3 YR 8.21%
5 YR 12.77%
10 YR 10.59%
1 YR RETURN 15.77%
3 YR 8.79%
5 YR 14.33%
10 YR --
Description
The investment seeks long-term growth of capital. Under normal circumstances, at least 80% of the fund's net assets will be invested in mid cap equity securities. Mid cap equity securities are securities issued by companies that fall within the market capitalization range of the Russell Midcap® Index (the "index") at the time of purchase. It maintains a portfolio of investments diversified across companies and economic sectors.
The investment seeks to correspond as closely as possible, before fees and expenses, to the price and yield performance of the S&P MidCap 400® Equal Weight Index (the "underlying index"). The fund invests primarily in equity securities to meet its investment objective of replicating the underlying index as closely as possible, before fees and expenses. The underlying index is an unmanaged equal weighted version of the S&P MidCap 400 ® Index, which measures the performance of the mid-cap segment of the U.S. equity universe. 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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