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FARNX Fidelity® Event Driven Opportunities

3 lower fee alternatives found

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Fund FARNX Fidelity® Event Driven Opportunities EQWS PowerShares Russell 2000 Equal Wt ETF VEVFX Vanguard Explorer Value Inv  
Similarity
?
100% 85% 86%
Annual Fees
?
$120.52
(1.14% Exp. Ratio)
$26.43
(0.25% Exp. Ratio)
$68.72
(0.65% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.72% annual return
$37,564.55 $49,152.68 $43,570.87
Est. savings over 30 yrs +$11,588.12 +$6,006.31
Return
As of 10/31/16
1 YR RETURN 2.02%
3 YR --
5 YR --
10 YR --
1 YR RETURN 3.56%
3 YR 3.79%
5 YR 10.52%
10 YR --
1 YR RETURN 4.74%
3 YR 4.97%
5 YR 12.49%
10 YR --
Description
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.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Russell 2000® Equal Weight Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the component securities that comprise the underlying index. The underlying index is designed to provide equal-weighted exposure to approximately 2,000 mid and small cap securities in the larger U.S. equity market.
The investment seeks to provide long-term capital appreciation. The fund invests mainly in the stocks of small and mid-size U.S. companies, choosing stocks considered by an advisor to be undervalued. Undervalued stocks are generally those that are out of favor with investors and are trading at prices that an advisor feels are below average in relation to measures such as cash flow and book value. These stocks may have above-average dividend yields. The fund uses multiple investment advisors.

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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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