Investment Test Drive

QGMNX AQR Global Macro N

4 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund QGMNX AQR Global Macro N ALTS ProShares Morningstar Alts Solu TSAYX Touchstone Controlled Growth with Inc Y  
Similarity
?
100% 86% 86%
Annual Fees
?
$179.49
(1.75% Exp. Ratio)
$97.44
(0.95% Exp. Ratio)
$105.64
(1.03% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.57% annual return
$12,591.92 $16,060.15 $15,675.53
Est. savings over 30 yrs +$3,468.23 +$3,083.61
Return
As of 12/31/16
1 YR RETURN -0.18%
3 YR --
5 YR --
10 YR --
1 YR RETURN 2.12%
3 YR --
5 YR --
10 YR --
1 YR RETURN 5.99%
3 YR 3.08%
5 YR 4.55%
10 YR 4.49%
Description
The investment seeks positive absolute returns. The fund invests globally across a wide range of asset classes, including equities, fixed income, currencies and commodities, and may take both "long" and "short" positions in each of the asset classes or Instruments. The advisor has the flexibility to shift its allocation across asset classes and markets around the world, including emerging markets, based on the Adviser's assessment of their relative attractiveness. 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.
The investment seeks to provide investors with growth and income. The fund is a "fund-of-funds," which seeks to achieve its investment goal by investing primarily in a diversified portfolio of underlying equity, fixed-income, and alternative funds (although a portion of its assets may be invested in cash, cash equivalents, or in money market funds). These underlying funds, in turn, invest in a variety of U.S. and foreign equity securities, fixed-income instruments and other investments.

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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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