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LAOCX Legg Mason BW Absolute Return Opps C

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Fund LAOCX Legg Mason BW Absolute Return Opps C EGRRX Eaton Vance Glbl Macro Abs Ret Advtg R  
Similarity
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100% 85%
Annual Fees
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$185.02
(1.81% Exp. Ratio)
$179.91
(1.76% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.22% annual return
$11,174.99 $11,346.97
Est. savings over 30 yrs +$171.98
Return
As of 11/30/16
1 YR RETURN 0.73%
3 YR 0.38%
5 YR 2.35%
10 YR --
1 YR RETURN 4.11%
3 YR 4.75%
5 YR 3.51%
10 YR --
Description
The investment seeks positive returns that are independent of market cycles. The fund seeks to meet its investment objective through strategic investments in domestic and foreign fixed income securities and currencies. It will initiate long and short exposures by investing across bond sectors, including sovereign debt and corporate bonds; currencies; and derivative instruments. The weighted average effective duration of the fund's portfolio, including derivatives, is expected to range from -5 to +5 years. The fund is non-diversified.
The investment seeks total return. The fund seeks its investment objective by investing in securities, derivatives and other instruments to establish long and short investment exposures around the world. Total return is defined as income plus capital appreciation. The fund normally invests in multiple countries and frequently has significant exposure to foreign currencies and investments. The fund's long and short investments primarily are sovereign exposures, including currencies, interest rates and debt instruments issued or guaranteed by sovereign entities. 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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