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WARAX Wells Fargo Absolute Return A

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund WARAX Wells Fargo Absolute Return A JSPCX Janus Global Allocation Cnsrv T JSPMX Janus Global Allocation Moderate T  
Similarity
?
100% 88% 93%
Annual Fees
?
$159.50
(1.53% Exp. Ratio)
$110.50
(1.06% Exp. Ratio)
$115.71
(1.11% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 4.25% annual return
$21,923.64 $25,290.17 $24,909.55
Est. savings over 30 yrs +$3,366.53 +$2,985.91
Return
As of 11/30/16
1 YR RETURN 0.20%
3 YR -0.87%
5 YR 3.12%
10 YR 4.32%
1 YR RETURN 1.00%
3 YR 1.54%
5 YR 5.05%
10 YR 5.06%
1 YR RETURN 1.34%
3 YR 1.58%
5 YR 6.05%
10 YR 4.96%
Description
The investment seeks a positive total return. The fund is a diversified investment that invests substantially all of its investable assets in GMO Benchmark-Free Allocation Fund, an investment company managed by Grantham, Mayo, Van Otterloo & Co. LLC ("GMO"). GMO seeks to achieve Benchmark-Free Allocation Fund's investment objective by investing in asset classes GMO believes offer the most attractive return and risk opportunities. The asset classes include: U.S. and non-U.S. equity, including emerging country equity; U.S. and non-U.S. fixed income, including emerging country debt; and alternative asset classes, including commodities.
The investment seeks total return through a primary emphasis on income with a secondary emphasis on growth of capital. The fund invests in other Janus mutual funds ("underlying funds") that represent a variety of asset classes and investment styles and provide exposure to issuers that are economically tied to countries throughout the world. It invests in a diversified portfolio of underlying funds, resulting in an allocation of the fund's investments that normally provides exposure of approximately 55% to fixed-income securities and money market instruments, 40% to equity investments, and 5% to alternative investments.
The investment seeks total return through growth of capital and income. The fund invests in other Janus mutual funds that represent a variety of asset classes and investment styles and provide exposure to issuers that are economically tied to countries throughout the world. It will have approximately 40% of its net assets allocated to non-U.S. investments. The fund invests in a diversified portfolio of underlying funds, resulting in an allocation of the fund's investments that normally provides exposure of approximately 55% to equity investments, 35% to fixed-income securities and money market instruments, and 10% to alternative investments.

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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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