Investment Test Drive

HRMVX Harbor Mid Cap Value Admin

4 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
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Fund HRMVX Harbor Mid Cap Value Admin XMLV PowerShares S&P MidCap Low Volatil ETF JKI iShares Morningstar Mid-Cap Value  
Similarity
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100% 89% 91%
Annual Fees
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$119.30
(1.13% Exp. Ratio)
$26.39
(0.25% Exp. Ratio)
$31.67
(0.30% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.58% annual return
$36,228.68 $47,261.08 $46,555.53
Est. savings over 30 yrs +$11,032.40 +$10,326.85
Return
As of 10/31/16
1 YR RETURN 2.54%
3 YR 6.67%
5 YR 14.36%
10 YR 6.73%
1 YR RETURN 12.96%
3 YR 12.64%
5 YR --
10 YR --
1 YR RETURN 11.65%
3 YR 8.87%
5 YR 15.55%
10 YR 7.39%
Description
The investment seeks long-term total return. The fund invests primarily in equity securities, principally common stocks, of mid cap companies that, in the subadviser's opinion, are out of favor and thus undervalued in the marketplace at the time of purchase and have the potential for appreciation. The adviser defines mid cap companies as those with market capitalizations that fall within the range of the Russell Midcap® Index. It normally invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of equity securities of mid cap companies.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P MidCap 400® Low Volatility Index. The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. Strictly in accordance with its procedures and mandated guidelines, S&P DJI selects for inclusion in the underlying index the 80 securities that it has determined have the lowest volatility over the past 12 months out of the 400 medium capitalization range securities that are contained in the S&P MidCap 400® Index. It is non-diversified.
The investment seeks to track the investment results of the Morningstar® Mid Value IndexSM composed of mid-capitalization U.S. equities that exhibit value characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of stocks issued by mid-capitalization companies that have exhibited "value" characteristics as determined by Morningstar, Inc.'s ("Morningstar" or the "index provider") proprietary index methodology.

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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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