Investment Test Drive

GARRX Goldman Sachs Abslt Ret Multi-Asst R

2 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund GARRX Goldman Sachs Abslt Ret Multi-Asst R ALTS ProShares Morningstar Alts Solu ASPFX Aspiration Flagship  
Similarity
?
100% 87% 85%
Annual Fees
?
$177.47
(1.73% Exp. Ratio)
$97.46
(0.95% Exp. Ratio)
$136.44
(1.33% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.59% annual return
$12,741.88 $16,152.48 $14,393.24
Est. savings over 30 yrs +$3,410.60 +$1,651.36
Return
As of 12/31/16
1 YR RETURN -1.18%
3 YR --
5 YR --
10 YR --
1 YR RETURN 2.12%
3 YR --
5 YR --
10 YR --
1 YR RETURN 2.47%
3 YR --
5 YR --
10 YR --
Description
The investment seeks to achieve long-term absolute return. The fund seeks to achieve its investment objective through investment in different asset classes, geographic regions, and security selection strategies. It invests primarily in a portfolio of equity, fixed income, commodities, and currency asset classes, including derivatives that provide exposure to those asset classes. The fund may invest up to 25% of its total assets in the Subsidiary.
The investment seeks investment results, before fees and expenses, that track the performance of the MorningstarĀ® Diversified Alternatives IndexSM (the "index"). The fund is a fund of ETFs and seeks to achieve its investment objective by investing primarily in the underlying ProShares ETF. It is designed to provide investors with a comprehensive solution to their alternatives allocation by investing in the alternative ETFs comprising its index. The index is designed to provide diversified exposure to alternative asset classes in order to enhance risk adjusted portfolio returns when combined with a range of traditional investments. The fund is non-diversified.
The investment seeks long-term capital appreciation by providing risk-adjusted returns. The fund seeks to achieve its investment objective by investing primarily in shares of registered investment companies, including open-end funds, ETFs and closed-end funds that emphasize alternative strategies, such as funds that sell securities short; employ asset allocation, managed futures, arbitrage and/or option-hedged strategies; or that invest in distressed securities, the natural resources sector and business development companies ("BDCs").

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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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