Investment Test Drive

FKMQX Franklin K2 Global Macro Opps R6

3 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund FKMQX Franklin K2 Global Macro Opps R6 JPHF JPMorgan Diversified Alternative ETF HDG ProShares Hedge Replication  
Similarity
?
100% 90% 92%
Annual Fees
?
$198.94
(1.94% Exp. Ratio)
$87.17
(0.85% Exp. Ratio)
$97.42
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.55% annual return
$11,817.39 $16,464.43 $15,973.48
Est. savings over 30 yrs +$4,647.03 +$4,156.08
Return
As of 10/31/16
1 YR RETURN --
3 YR --
5 YR --
10 YR --
1 YR RETURN --
3 YR --
5 YR --
10 YR --
1 YR RETURN 0.05%
3 YR 0.80%
5 YR 1.69%
10 YR --
Description
The investment seeks capital appreciation. The fund seeks to achieve this goal by allocating its assets across global macro-focused investment strategies, which are "non-traditional" or "alternative" strategies that generally focus on macro-economic opportunities across numerous markets and investments. The fund's principal investments include both U.S. and foreign (including emerging markets) securities and exchange traded and over-the-counter ("OTC") derivative instruments, and may include asset classes such as equities, fixed income, interest rates, currencies or commodities.
The investment seeks to provide long-term total return. The fund will seek to achieve its investment objective by allocating assets across several different investment strategies, including traditional and alternative investment strategies, such as those utilized by certain hedge funds. The strategies identified by the adviser for the fund fall into the following broad categories: Equity Long/Short, Event Driven and Global Macro Based strategies. The fund will invest its assets based on a systematic investment process for securities selection and asset allocation.
The investment seeks investment results before fees and expenses that track the performance of the Merrill Lynch Factor Model-Exchange Series. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the Benchmark. The Benchmark, established by Merrill Lynch International, seeks to provide the risk and return characteristics of the hedge fund asset class by targeting a high correlation to the HFRI Fund Weighted Composite Index. The HFRI is designed to reflect hedge fund industry performance through an equally weighted composite of over 2000 constituent funds. It 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.

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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