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MILNX Miles Capital Alternatives Advantage N

9 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund MILNX Miles Capital Alternatives Advantage N HDG ProShares Hedge Replication ALTS ProShares Morningstar Alts Solu  
Similarity
?
100% 85% 85%
Annual Fees
?
$332.42
(3.24% Exp. Ratio)
$97.47
(0.95% Exp. Ratio)
$97.47
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.60% annual return
$8,038.64 $16,215.90 $16,215.90
Est. savings over 30 yrs +$8,177.26 +$8,177.26
Return
As of 12/31/16
1 YR RETURN --
3 YR --
5 YR --
10 YR --
1 YR RETURN 2.21%
3 YR 0.93%
5 YR 2.08%
10 YR --
1 YR RETURN 2.12%
3 YR --
5 YR --
10 YR --
Description
The investment seeks to provide long-term total return with less volatility than U.S. equity markets. The fund invests primarily in mutual funds and exchange-traded funds that use alternative or hedging strategies. The alternative strategies used by the underlying funds may include long/short equity or credit, market neutral and arbitrage, global macro, commodities or commodity-linked instruments, currencies, real estate or real assets, leverage, and illiquid private placement or distressed assets. The hedging strategies used by underling funds may include the use of short-selling, options, futures, and other derivative and similar instruments.
The investment seeks investment results, before fees and expenses, that track the performance of the Merrill Lynch Factor Model-Exchange Series (the "benchmark"). The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should track the performance of the benchmark. The benchmark 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"). The HFRI is designed to reflect hedge fund industry performance through an equally weighted composite of over 2000 constituent funds. The fund is non-diversified.
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.

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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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