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MSHEX MainStay Absolute Return Multi-Strat C

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Fund MSHEX MainStay Absolute Return Multi-Strat C HDG ProShares Hedge Replication  
100% 90%
Annual Fees
(2.71% Exp. Ratio)
(0.95% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.43% annual return
$9,014.68 $15,436.14
Est. savings over 30 yrs +$6,421.46
As of 9/30/16
1 YR RETURN 0.92%
3 YR --
5 YR --
10 YR --
1 YR RETURN 3.06%
3 YR 1.42%
5 YR 2.72%
10 YR --
The investment seeks to achieve long-term growth of capital. The fund pursues its investment objective by allocating its assets among multiple non-traditional or "alternative" investment strategies managed by the fund's Manager, and different Subadvisors. The Manager may at any time and in its sole discretion adjust the allocation of the fund's assets among the investment strategies and Subadvisors to varying degrees. Under normal market conditions, the Manager will not allocate more than 20% of the fund's assets to any one strategy with each Subadvisor.
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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