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ISPVX Ivy Small Cap Value R6

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Fund ISPVX Ivy Small Cap Value R6 XSLV PowerShares S&P SmallCap Low Volatil ETF  
Similarity
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100% 87%
Annual Fees
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$101.43
(0.96% Exp. Ratio)
$26.41
(0.25% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.66% annual return
$39,006.01 $48,328.10
Est. savings over 30 yrs +$9,322.09
Return
As of 10/31/16
1 YR RETURN 12.38%
3 YR 7.68%
5 YR 13.17%
10 YR 6.66%
1 YR RETURN 12.90%
3 YR 10.64%
5 YR --
10 YR --
Description
The investment seeks to provide capital appreciation. The fund seeks to achieve its objective by investing primarily in various types of equity securities of small-capitalization companies that Ivy Investment Management Company (IICO), the fund's investment manager, believes are undervalued. Under normal circumstances, at least 80% of the fund's net assets will be invested, at the time of purchase, in common stocks of small-capitalization companies. For purposes of this fund, small-capitalization companies typically are companies with market capitalizations within the range of companies in the Russell 2000 Value Index at the time of acquisition.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P SmallCap 600® Low Volatility Index. The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. Strictly in accordance with its procedures and mandated guidelines, S&P DJI selects for inclusion in the underlying index the 120 securities that it has determined have the lowest volatility over the past 12 months out of the 600 small capitalization range securities that are contained in the S&P SmallCap 600® Index. It 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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