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GTEYX Gateway Y

1 lower fee alternative found

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Fund GTEYX Gateway Y HSPX Horizons S&P 500® Covered Call ETF  
Similarity
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100% 98%
Annual Fees
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$73.67
(0.70% Exp. Ratio)
$68.41
(0.65% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.25% annual return
$37,544.51 $38,115.80
Est. savings over 30 yrs +$571.30
Return
As of 10/31/16
1 YR RETURN 3.27%
3 YR 3.75%
5 YR 4.98%
10 YR 3.16%
1 YR RETURN 3.34%
3 YR 5.41%
5 YR --
10 YR --
Description
The investment seeks to capture the majority of the returns associated with equity market investments, while exposing investors to less risk than other equity investments. The fund invests in a broadly diversified portfolio of common stocks, while also selling index call options and purchasing index put options. Writing index call options reduces the fund's volatility, provides steady cash flow and is an important source of the fund's return, although it also reduces the fund's ability to profit from increases in the value of its equity portfolio.
The investment seeks investment results that, before fees and expenses, generally correspond to the performance of the S&P 500 Stock Covered Call Index. The fund invests at least 80% of its total assets in securities that comprise its underlying index. The underlying index is comprised of all the equity securities in the S&P 500 Index (the "reference index") in substantially similar weight as the reference index and short (written) call options on up to 100% of each of the option eligible securities in the reference index that meet, among others, the stock and option price criteria of the underlying index methodology.

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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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