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MTTIX Manning & Napier Target 2040 I

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Fund MTTIX Manning & Napier Target 2040 I VFORX Vanguard Target Retirement 2040 Inv LIKAX BlackRock LifePath® Index 2040 Inv A  
Similarity
?
100% 97% 97%
Annual Fees
?
$91.85
(0.88% Exp. Ratio)
$16.70
(0.16% Exp. Ratio)
$46.97
(0.45% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 4.38% annual return
$27,744.08 $34,472.18 $31,591.44
Est. savings over 30 yrs +$6,728.10 +$3,847.36
Return
As of 11/30/16
1 YR RETURN 1.94%
3 YR 2.40%
5 YR 8.46%
10 YR --
1 YR RETURN 4.88%
3 YR 4.73%
5 YR 10.10%
10 YR 5.21%
1 YR RETURN 4.28%
3 YR 4.31%
5 YR 8.65%
10 YR --
Description
The investment seeks to provide long-term capital growth and to moderate volatility consistent with its current asset allocation. The fund seeks to achieve its investment objective by investing in a combination of underlying funds according to a target asset allocation strategy. These underlying funds will pursue asset allocation strategies, and will invest in a combination of stocks, bonds, derivatives, and cash. It may invest to a limited extent directly in equity and fixed income securities and cash equivalents, including money market securities.
The investment seeks to provide capital appreciation and current income consistent with its current asset allocation. The fund invests in other Vanguard mutual funds according to an asset allocation strategy designed for investors planning to retire and leave the workforce in or within a few years of 2040 (the target year). The fund's asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease while the percentage of assets allocated to bonds and other fixed income investments will increase.
The investment seeks to provide for retirement outcomes based on quantitatively measured risk. The fund is a "feeder" fund that invests all of its assets in the Master Portfolio, a series of Master Investment Portfolio ("MIP") with a substantially identical investment objective, which allocates and reallocates its assets among a combination of equity and bond index funds and money market funds (the "underlying funds") in proportions based on its own comprehensive investment strategy.

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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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