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JHACX JHancock Global Absolute Ret Strats C

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Fund JHACX JHancock Global Absolute Ret Strats C GPANX Grant Park Multi Alternative Strats N  
Similarity
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100% 87%
Annual Fees
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$240.05
(2.34% Exp. Ratio)
$200.04
(1.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.58% annual return
$10,566.75 $11,908.79
Est. savings over 30 yrs +$1,342.04
Return
As of 12/31/16
1 YR RETURN -3.56%
3 YR 0.02%
5 YR 2.05%
10 YR --
1 YR RETURN 0.16%
3 YR 3.08%
5 YR --
10 YR --
Description
The investment seeks long term total return. The fund may use an extensive range of investment strategies and invest in a wide spectrum of equity and fixed-income securities, as well as derivative instruments, in pursuing its investment objective. It may invest in equity and fixed-income securities of companies and government and supranational entities around the world, including in emerging markets. Under normal market conditions, at least 40% of the value of the fund's net assets will be invested in or exposed to obligations of issuers or obligors located outside of the United States.
The investment seeks positive absolute returns. The fund seeks to achieve its investment objectives by allocating its assets among four independent, underlying strategies. Each of the four underlying strategy seeks to identify profitable opportunities by evaluating up to 30 separate, liquid foreign and domestic markets. In total, the fund will invest in 40-60 markets. It seeks to achieve its investment objective by implementing aggressive diversification across these markets, coupled with risk management and position hedging strategies, which allows the fund to seek positive returns while seeking to protect the fund from unnecessary market risk exposure.

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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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