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ECIMX Eaton Vance Diversified Currency Inc C

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Fund ECIMX Eaton Vance Diversified Currency Inc C MABFX Merk Absolute Return Currency Inv  
Similarity
?
100% 87%
Annual Fees
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$181.57
(1.80% Exp. Ratio)
$131.14
(1.30% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 0.87% annual return
$7,528.06 $8,767.04
Est. savings over 30 yrs +$1,238.98
Return
As of 10/31/16
1 YR RETURN 2.17%
3 YR -1.64%
5 YR -0.65%
10 YR --
1 YR RETURN 6.74%
3 YR -0.06%
5 YR 0.40%
10 YR --
Description
The investment seeks total return. The fund seeks its investment objective by investing in securities, derivatives and other instruments to establish investment exposures in both developed and emerging markets. Total return is defined as income plus capital appreciation. The fund invests at least 80% of net assets (plus any borrowings for investment purposes) in (i) securities denominated in foreign currencies; (ii) fixed income instruments issued by foreign entities or sovereign nations; and/or (iii) derivative instruments, denominated in or based on the currencies, interest rates, or issues of foreign entities or sovereign nations (the "80% Policy").
The investment seeks to generate positive absolute returns by investing in securities and instruments that create exposure to currencies. Under normal market conditions, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in money market instruments and high quality debt securities denominated in a currency to which the fund seeks exposure or in a combination of U.S. dollar denominated securities and forward currency contracts that expose the fund to such currencies. Over time, the fund seeks to generate more gains from securities than derivatives.

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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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