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JHACX JHancock Global Absolute Ret Strats C

2 lower fee alternatives found

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Fund JHACX JHancock Global Absolute Ret Strats C QAI IQ Hedge Multi-Strategy Tracker ETF MASNX Litman Gregory Masters Alt Strats Inv  
Similarity
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100% 86% 85%
Annual Fees
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$240.47
(2.34% Exp. Ratio)
$98.65
(0.96% Exp. Ratio)
$178.81
(1.74% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.76% annual return
$11,134.44 $16,962.33 $13,380.41
Est. savings over 30 yrs +$5,827.90 +$2,245.97
Return
As of 11/30/16
1 YR RETURN -6.16%
3 YR -0.35%
5 YR --
10 YR --
1 YR RETURN -1.08%
3 YR 0.26%
5 YR 1.97%
10 YR --
1 YR RETURN 4.92%
3 YR 2.96%
5 YR 4.88%
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 investment results that correspond generally to the price and yield performance of its underlying index, the IQ Hedge Multi-Strategy Index. The fund is a "fund of funds" which means it invests, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the investments included in its underlying index, which includes underlying funds. The underlying index consists of a number of components ("underlying index Components") selected in accordance with IndexIQ's rules-based methodology of such underlying index.
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.

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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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