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CIPOX Convergence Opportunities Institutional

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Fund CIPOX Convergence Opportunities Institutional SFSNX Schwab Fundamental US Small Company Idx FARNX Fidelity® Event Driven Opportunities  
100% 85% 85%
Annual Fees
(1.34% Exp. Ratio)
(0.35% Exp. Ratio)
(1.14% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.71% annual return
$35,322.24 $47,657.81 $37,534.72
Est. savings over 30 yrs +$12,335.56 +$2,212.47
As of 12/31/16
1 YR RETURN 18.80%
3 YR 7.73%
5 YR --
10 YR --
1 YR RETURN 23.48%
3 YR 8.12%
5 YR 15.56%
10 YR --
1 YR RETURN 19.96%
3 YR 9.64%
5 YR --
10 YR --
The investment seeks long-term capital growth. The fund seeks to achieve its investment objective by establishing long and short positions in equity securities of domestic and foreign companies. It focuses primarily on companies with small to medium market capitalizations, although the fund may establish long and short positions in companies of any market capitalization. The advisor generally considers companies with small and medium market capitalizations to be those companies that comprise the lower 2,500 stocks by market capitalization of the Russell 3000® Index.
The investment seeks investment results that correspond generally (before fees and expenses) to the total return of the Russell RAFI U.S. Small Company Index. To pursue its goal, the fund primarily invests in stocks that are included in the Russell RAFI U.S. Small Company Index (the index). The index measures the performance of the small company size segment by fundamental overall company scores (scores), which are created using as the universe the companies in the Russell 3000® Index (the Russell Index).
The investment seeks capital appreciation. The fund primarily invests in common stocks. It invests in securities of companies that Fidelity Management & Research Company (FMR) believes are involved in a special situation event, which may include corporate reorganizations, changes in beneficial ownership, deletion from a market index, material changes in management structure or corporate strategy, or changes to capital structure. The fund invests in securities of companies whose value FMR believes is not fully recognized by the public. It invests in lower-quality debt securities. 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.


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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