Investment Test Drive

BUYWX Main BuyWrite I

1 lower fee alternative found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Investing
$
  YOU ASKED ABOUT FEATURED ALTERNATIVE ?
Fund BUYWX Main BuyWrite I GTSOX Glenmede Secured Options  
Similarity
?
100% 90%
Annual Fees
?
$142.11
(1.35% Exp. Ratio)
$88.42
(0.84% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.27% annual return
$31,013.89 $36,202.55
Est. savings over 30 yrs +$5,188.66
Return
As of 11/30/16
1 YR RETURN --
3 YR --
5 YR --
10 YR --
1 YR RETURN 6.23%
3 YR 6.36%
5 YR 8.60%
10 YR --
Description
The investment seeks to provide total return, from current income and gains from long-term capital appreciation. The fund is designed to provide investors with sustained exposure to domestic and foreign equity markets over time by using the adviser's "BuyWrite" strategy. "BuyWrite" is an investment strategy of writing (selling) calls options on a security owned by the fund to generate additional returns from the option premium. The fund also seeks returns by writing (selling) secured put options.
The investment seeks long-term capital appreciation and option premiums consistent with reasonable risk to principal. Under normal market circumstances, at least 80% of the value of the Portfolio's total assets (including borrowings for investment purposes) will be subject to secured option strategies, which are written covered call and/or secured put options on stock index ETFs, stock indices and/or individual stocks held by the Portfolio. The advisor intends to invest in a diversified portfolio of equity securities with generally similar risk and return characteristics as the Standard & Poor's 500® Index.

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

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.

+

Your Feedback has been sent successfully!