ProFunds UltraLatin America Svc (UBPSX)
Expense Ratio: 2.66%
Expected Lifetime Fees: $66,865.03
The ProFunds UltraLatin America Svc fund (UBPSX) is a Latin America Stock fund started on 10/19/2007 and has $21.10 million in assets under management. The current manager has been running ProFunds UltraLatin America Svc since 12/22/2009. The fund is rated by Morningstar. In addition to trading fees and broker commissions, this fund has 12b-1 fees of 1.00%
iShares S&P Latin America 40 Index (ILF)
Expense Ratio: 0.50%
Expected Lifetime Fees: $15,685.71
The iShares S&P Latin America 40 Index (ILF) is an Exchange Traded Fund. It is a "basket" of securities that index the Latin America Stock investment strategy and is an alternative to a Latin America Stock mutual fund. Fees are very low compared to a comparable mutual fund like ProFunds UltraLatin America Svc because computers automatically manage the stocks.
| Mutual Fund Name | Ticker Symbol | Turnover | Assets (M) | Annual Fees |
|---|---|---|---|---|
| BlackRock Latin America Instl | MALTX | 33.0% | 590 | 1.26% |
| BlackRock Latin America Inv A | MDLSZ | 33.0% | 590 | 1.55% |
| BlackRock Latin America Inv A | MDLTX | 33.0% | 590 | 1.55% |
| BlackRock Latin America Inv B | MBLTX | 33.0% | 590 | 2.40% |
| BlackRock Latin America Inv C | MCLTX | 33.0% | 590 | 2.33% |
| DWS Latin America Equity A | SLANX | 35.0% | 512 | 1.71% |
| DWS Latin America Equity B | SLAOX | 35.0% | 512 | 2.46% |
| DWS Latin America Equity C | SLAPX | 35.0% | 512 | 2.46% |
| DWS Latin America Equity S | SLA1Z | 35.0% | 512 | 1.42% |
| DWS Latin America Equity S | SLAFX | 35.0% | 512 | 1.42% |
| Fidelity Advisor Latin America A | FLFAX | 11.0% | 2,600 | 1.34% |
| Fidelity Advisor Latin America B | FLFBX | 11.0% | 2,600 | 2.10% |
| Fidelity Advisor Latin America C | FLFCX | 11.0% | 2,600 | 2.08% |
| Fidelity Advisor Latin America I | FLFIX | 11.0% | 2,600 | 1.04% |
| Fidelity Advisor Latin America T | FLFTX | 11.0% | 2,600 | 1.61% |
| Fidelity Latin America | FLATX | 11.0% | 2,600 | 1.00% |
| T. Rowe Price Latin America | PRLAX | 14.8% | 1,700 | 1.25% |
Turnover
Turnover represents how much of a mutual fund's holdings are changed over the course of a year through buying and selling. Active mutual funds have an average turnover rate of about 85%,
meaning that funds are turning over nearly all of their holdings every year. A high turnover means you could make lower returns because: 1) buying and selling stocks costs money through
commissions and spreads and 2) the fund will distribute yearly capital gains which increases your taxes. Look for funds with turnover rates below 50%. For comparison, ETF turnover rates
average around 10% or lower.
Assets
Generally, smaller funds do better than larger ones. The more assets in a mutual fund, the lower the chance that it will beat its index. Managers outperform an index by choosing stocks
that are undervalued. In order to find these undervalued stocks, the manager has to know more than his competitors to develop an "edge." There are only a finite number of stocks a mutual
fund manager can reasonably analyze and actively track to gain such a competitive edge. When the fund has more assets, the manager must analyze large companies because he needs to take
larger positions. Large companies are more efficiently priced in the market and it becomes increasingly difficult to get an edge.
