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MAJYX BNY Mellon Absolute Insgt Multi-Strat Y

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Fund MAJYX BNY Mellon Absolute Insgt Multi-Strat Y HDG ProShares Hedge Replication  
100% 85%
Annual Fees
(1.50% Exp. Ratio)
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.43% annual return
$13,060.68 $15,435.23
Est. savings over 30 yrs +$2,374.56
As of 9/30/16
3 YR --
5 YR --
10 YR --
1 YR RETURN 3.06%
3 YR 1.42%
5 YR 2.72%
10 YR --
The investment seeks total return (consisting of capital appreciation and income). The fund normally allocates its assets across multiple "absolute return" investment strategies. The sub-adviser strategically allocates the fund's assets to internal specialist investment teams responsible for the absolute return investment strategies with the aim of achieving low volatility while targeting positive returns. Each investment team manages an investment strategy and specializes in research and investment of a specific asset class or combination of asset classes with an active use of derivatives. The fund is non-diversified.
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.


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".

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