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GMCMX Goldman Sachs Multi-Manager Alts C

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Fund GMCMX Goldman Sachs Multi-Manager Alts C MASNX Litman Gregory Masters Alt Strats Inv FSKKX Franklin K2 Alternative Strategies R  
Similarity
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100% 86% 89%
Annual Fees
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$339.12
(3.30% Exp. Ratio)
$178.81
(1.74% Exp. Ratio)
$252.80
(2.46% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.76% annual return
$8,277.47 $13,378.46 $10,729.66
Est. savings over 30 yrs +$5,100.99 +$2,452.19
Return
As of 11/30/16
1 YR RETURN -0.24%
3 YR 0.04%
5 YR --
10 YR --
1 YR RETURN 4.92%
3 YR 2.96%
5 YR 4.88%
10 YR --
1 YR RETURN -0.02%
3 YR 2.20%
5 YR --
10 YR --
Description
The investment seeks long-term growth of capital. The fund generally seeks to achieve its investment objective by allocating its assets among multiple investment managers who are unaffiliated with the Investment Adviser and who employ one or more non-traditional and alternative investment strategies including, but not limited to, Equity Long Short, Dynamic Equity, Event Driven and Credit, Relative Value, Tactical Trading, and Opportunistic Fixed Income Strategies.
The investment seeks to achieve long-term returns with lower risk and lower volatility than the stock market, and with relatively low correlation to stock and bond market indexes. The fund's strategy is to engage a number of established investment managers as sub-advisors to offer investors a mix of strategies that the advisor believes offer risk-return characteristics that are attractive individually and even more compelling collectively. The fund is intended to be used by investors as a source of diversification for traditional stock and bond portfolios to reduce volatility and potentially enhance returns relative to various measures of risk.
The investment seeks capital appreciation with lower volatility relative to the broad equity markets. The fund seeks to achieve its investment goal by allocating its assets across multiple non-traditional or "alternative" strategies, including, but not limited to, some or all of the following strategies: Long Short Equity, Relative Value, Event Driven and Global Macro. It may invest in a wide range of securities and other investments including, but not limited to: equity securities (which may include common stocks, preferred stocks and convertible securities) and debt securities.

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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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