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Why Low Cost Matters Minimizing costs is crucial to achieving long term investment success. Every dollar paid in mutual fund fees reduces your overall return. Funds that keep costs low historically have performed better than the average fund1.
Low Cost Wins Consider if you invested $100,000 for 30 years, earning 9% per year before expenses (the low end of the average historical stock market returns2). You would have over $200,000 more investing in the average Exchange-Traded Fund (ETF), with its low annual expenses, than investing in the average actively managed stock mutual fund3:
Save 50% ETFs generally charge 50% less than the average actively managed stock mutual fund3. Don't let expensive management fees and fund expenses eat up your hard earned returns. Invest in funds that strive to keep costs low.
1Financial Research Corp., 2002, Predicting Mutual Fund Performance II: After the Bear. 2Source: Stocks, bonds, cash: Ibbotson Associates, historical data 1926-2008. 3Morningstar data, 12/31/09, 1.34% expense ratio is the average fee charged by actively-managed mutual funds that own stocks as their primary investment strategy. 0.57% is the average expense ratio of all U.S. listed exchange-traded funds. |
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Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. Please read the prospectus carefully before you invest. |
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An investment in the Fund is subject to risk, including the possible loss of principal amount invested. Other Fund risks include asset allocation risk, foreign securities and currency risk, emerging markets risk, small-cap, mid-cap and large-cap risk, trading risk, and turnover risk that can increase Fund expenses and may decrease Fund performance. The Fund is, also, subject to the risks, which can result in higher volatility, associated with the underlying ETFs that comprise this “fund of funds”. Newly organized, actively managed Funds have no trading history and there can be no assurance that active trading markets will be developed or maintained. Brokerage costs will reduce returns. When the Fund invests in Underlying ETFs, in addition to directly bearing the expenses associated with its own operations, it will bear a pro rata portion of the Underlying ETFs’ expenses (including operating costs and management fees). Consequently, an investment in the Fund entails more direct and indirect expenses than a direct investment in the Underlying ETF. Distributed by Foreside Fund Services, LLC. |
