MSSLX

Active

Inception Portfolio

Category: Other (5,046 funds)

Expense Ratio

1.85%

Annual Cost per $10K

$185.00

30-Year Fee Drag per $10K

$31,012

at 7% annual return

Fund Type

Mutual Fund

Active

Trailing 12-Month

+33.89%

Asset Allocation

US Equity

67%

Intl Equity

17%

Cash

16%

Fee Comparison

MSSLX

1.85%

Other average

0.99%

Other cheapest

FCDSX

0.00%

Index benchmark

0.03%

87% more expensive than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of December 2025 · Updated quarterly

+84.19%3Y

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

MSSLX at 1.85%$225,553

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$155,060

Cost vs index fund−$151,871

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of December 2025

Ticker	Name	ER	1yr	3yr	5yr
MSSLX	Inception Portfolio	1.85%	+33.89%	+22.58%	+4.70%
AFICX	American Funds Fundamental Investors	0.62%	+21.06%	+22.87%	+16.27%
GSKPX	Goldman Sachs Tax-Advantaged Global Equity Portfolio	1.22%	+14.09%	+16.67%	+12.41%
MXXIX	Marsico Midcap Growth Focus Fund	1.46%	+37.51%	+28.51%	+14.69%
FNNEX	New Economy Fund	0.47%	+19.36%	+21.34%	+11.35%
VGHAX	VANGUARD HEALTH CARE FUND	0.32%	+0.60%	+5.36%	+6.99%
TQQQ	ProShares UltraPro QQQ	0.84%	+31.32%	+49.61%	+18.09%
AAHTX	American Funds 2045 Target Date Retirement Fund	0.69%	+19.32%	+18.79%	+12.39%
GARUX	Goldman Sachs Absolute Return Tracker Fund	0.73%	+9.45%	+9.32%	+6.69%
CGLGX	American Funds Growth and Income Portfolio	0.92%	+18.14%	+18.35%	+12.44%
AALTX	American Funds 2050 Target Date Retirement Fund	0.69%	+19.54%	+19.11%	+12.43%
AAGTX	American Funds 2040 Target Date Retirement Fund	0.68%	+18.44%	+18.13%	+12.03%
IBB	iShares Biotechnology ETF	0.44%	+0.30%	+3.23%	+1.75%
llscx	Longleaf Partners Small Cap Fund	0.95%	+5.79%	+10.92%	+8.26%
BRBCX	BlackRock Tactical Opportunities Fund	1.04%	+8.01%	+7.17%	+5.00%
AAMTX	American Funds 2055 Target Date Retirement Fund	0.70%	+19.98%	+19.47%	+12.48%
PHLQX	PGIM Jennison Health Sciences Fund	0.77%	-11.75%	+9.44%	+6.55%
FMSHX	Franklin Mutual Shares Fund	0.70%	+9.29%	+12.67%	+13.32%
SWMIX	Schwab International Opportunities Fund	0.85%	+23.81%	+17.00%	+6.86%
VVOAX	Invesco Value Opportunities Fund	1.27%	+18.64%	+20.63%	+24.43%
HFCSX	Hennessy Focus Fund	1.49%	+32.83%	+23.79%	+16.64%
KAUAX	Federated Hermes Kaufmann Fund	1.96%	+15.32%	+14.20%	+4.26%
ERBAX	Eaton Vance Equity Strategy Fund	1.12%	+9.53%	+13.12%	+8.97%
ACSHX	Invesco Comstock Fund	0.51%	+12.71%	+14.13%	+19.36%
RYTRX	Royce Small-Cap Total Return Fund	1.21%	+7.60%	+12.33%	+13.30%
FKMCX	Fidelity Mid-Cap Stock Fund	1.69%	+10.06%	+11.41%	+14.78%
MFLLX	Inception Portfolio	0.93%	+35.09%	+23.70%	+5.69%
FCAGX	Fidelity Small Cap Growth Fund	0.92%	-11.50%	-33.45%	-40.48%
SOXL	Direxion Daily Semiconductor Bull 3X Shares	0.75%	+60.66%	+76.46%	+24.25%
AANTX	American Funds 2060 Target Date Retirement Fund	0.72%	+20.06%	+19.55%	+12.48%
VIOPX	International Opportunities Fund	1.01%	+11.96%	+11.78%	—
FSELX	Select Semiconductors Portfolio	0.62%	+22.66%	+41.82%	+31.05%
NMAVX	Nuance Mid Cap Value Fund	0.81%	-0.29%	+5.15%	+5.86%
ARBCX	THE ARBITRAGE FUND	1.71%	+5.12%	+3.97%	+2.61%
HRSIX	Hood River Small-Cap Growth Fund	1.07%	+21.83%	+21.12%	+17.83%
FDVLX	Fidelity Value Fund	0.68%	+5.77%	+11.81%	+16.66%
FKALX	Federated Hermes Kaufmann Small Cap Fund	1.36%	+12.24%	+11.20%	+4.49%
BGSAX	BlackRock Technology Opportunities Fund	1.92%	+22.69%	+25.02%	+10.80%
ARANX	Horizon Active Risk Assist Fund	1.32%	+7.14%	+11.77%	+8.89%
PNSAX	Putnam Small Cap Growth Fund	1.17%	+16.26%	+22.02%	+8.87%
SVAAX	Federated Hermes Strategic Value Dividend Fund	1.06%	+8.08%	+9.35%	+13.06%
TIBOX	Thornburg Investment Income Builder Fund	0.84%	+30.88%	+23.10%	+18.21%
FBTAX	Fidelity Advisor Biotechnology Fund	1.71%	-10.54%	-33.23%	-40.64%
TAMVX	T. Rowe Price Mid-Cap Value Fund, Inc.	1.10%	+4.58%	+13.92%	+15.36%
WINAX	Wilmington International Fund	0.86%	+25.07%	+20.27%	+9.12%
MVALX	Meridian Contrarian Fund	1.12%	+19.82%	+12.36%	+13.55%
MIGFX	MFS Massachusetts Investors Growth Stock Fund	0.71%	+8.31%	+14.71%	+11.39%
IWO	iShares Russell 2000 Growth ETF	0.24%	+13.49%	+12.64%	+7.89%
WFMDX	Allspring Special Mid Cap Value Fund	1.05%	+3.81%	+10.12%	+7.95%
DIEZX	Destinations International Equity Fund	1.07%	+13.39%	+13.96%	+5.65%
FGIDX	Fidelity Growth and Income Portfolio	0.46%	—	—	—
llpfx	Longleaf Partners Fund	0.79%	-3.59%	+10.24%	+9.20%
YACKX	AMG Yacktman Fund$1M min	0.62%	+15.37%	+13.06%	+13.89%
TTMIX	T. Rowe Price Communications & Technology Fund	0.67%	+19.17%	+27.37%	+9.42%
FBIOX	Select Biotechnology Portfolio	0.63%	-2.61%	+9.74%	+2.99%
TGIPX	T. Rowe Price Spectrum Moderate Growth Allocation Fund	0.64%	+10.57%	+13.30%	+8.45%
GTSAX	Invesco Small Cap Growth Fund	0.81%	+3.68%	+8.55%	+3.19%
FETKX	Fidelity Equity Dividend Income Fund	0.46%	+5.72%	+12.25%	+13.37%
FEIKX	Fidelity Equity-Income Fund	0.46%	+13.05%	+14.27%	+15.42%
ICBAX	ICON Natural Resources and Infrastructure Fund	1.56%	+23.64%	+11.91%	+13.06%
PSGFX	SAM Strategic Growth Portfolio	1.07%	+16.51%	+18.65%	+13.00%
FSCRX	Fidelity Small Cap Discovery Fund	0.91%	+5.78%	+10.17%	+12.91%
FBDIX	Franklin Biotechnology Discovery Fund	0.77%	+27.62%	+20.92%	+7.42%
JAFVX	Strategic Equity Allocation Trust	0.92%	+19.27%	+19.74%	+14.58%
GGAFX	GuidePath Growth Allocation Fund	0.81%	—	—	—
GADGX	Goldman Sachs Enhanced Dividend Global Equity Portfolio	1.18%	+11.61%	+13.90%	+10.91%
ARZMX	AMG River Road Small Cap Value Fund	1.02%	+5.92%	+8.74%	+13.14%
NEAIX	Needham Aggressive Growth Fund	1.20%	+33.99%	+26.49%	+20.39%
DVIPX	DAVENPORT VALUE & INCOME FUND	0.86%	+10.34%	+10.91%	+11.42%
QLD	ProShares Ultra QQQ	0.95%	+28.75%	+39.24%	+19.14%
LCBEX	ClearBridge Dividend Strategy Fund	0.66%	+12.74%	+15.51%	+14.91%
CVY	Invesco Zacks Multi-Asset Income ETF	1.21%	+6.65%	+11.81%	+14.22%
FDGFX	Fidelity Dividend Growth Fund	1.16%	+22.11%	+22.12%	+19.34%
PENNX	Royce Small-Cap Fund	0.93%	+8.06%	+13.51%	+12.67%
CHCCX	AB DISCOVERY GROWTH FUND, INC.	0.92%	+8.42%	+12.43%	+4.08%
FVSKX	Fidelity Advisor Value Strategies Fund	0.72%	+3.53%	+11.41%	+16.35%
FSPHX	Select Health Care Portfolio	0.63%	-7.78%	+4.19%	+3.06%
VHGEX	VANGUARD GLOBAL EQUITY FUND	0.39%	+20.18%	+20.78%	+11.89%
FHZTX	Fidelity Large Cap Stock Fund	1.02%	—	—	—
MGISX	GLOBAL FRANCHISE PORTFOLIO	0.83%	+3.71%	+11.65%	+8.17%
PGTIX	T. Rowe Price Global Technology Fund, Inc.	0.78%	+32.78%	+34.70%	+9.42%
APDTX	Artisan Focus Fund	1.15%	+25.05%	+22.28%	+15.00%
FCFWX	American Funds Retirement Income Portfolio - Enhanced	1.14%	+14.79%	+14.11%	+10.22%
JGLYX	JPMorgan Small Cap Growth Fund	1.24%	+4.23%	+7.35%	+1.28%
FAS	Direxion Daily Financial Bull 3X Shares	0.89%	+16.83%	+31.53%	+38.28%
FELAX	Fidelity Advisor Semiconductors Fund	0.69%	+22.24%	-9.07%	-26.50%
PRJAX	PGIM Jennison Global Opportunities Fund	1.08%	+11.79%	+23.36%	+8.56%
FACDX	Fidelity Advisor Health Care Fund	0.68%	-17.79%	-39.08%	-43.42%
BPAVX	Boston Partners All-Cap Value Fund	0.80%	+8.64%	+12.96%	+14.07%
RYPRX	Royce Premier Fund	1.19%	+3.91%	+9.70%	+9.69%
FCDAX	Fidelity Stock Selector Small Cap Fund	0.85%	-14.07%	-34.60%	-38.61%
HQIRX	THE HARTFORD EQUITY INCOME FUND	1.36%	+7.58%	+9.51%	+12.71%
GQRPX	GQG PARTNERS GLOBAL QUALITY EQUITY FUND	0.70%	-0.50%	+17.51%	+11.85%
PEJ	Invesco Leisure and Entertainment ETF	0.57%	+18.84%	+15.36%	+14.87%
APDMX	Artisan Mid Cap Fund	1.05%	+17.84%	+14.38%	+5.25%
AALRX	American Beacon Large Cap Value Fund	0.62%	+9.19%	+13.80%	+16.22%
TCPWX	Transamerica Capital Growth	0.74%	+57.82%	+35.82%	+6.46%
NBFAX	Neuberger Berman Focus Fund	1.12%	+18.61%	+18.42%	+8.89%
TMF	Direxion Daily 20+ Year Treasury Bull 3X Shares	0.91%	-11.13%	-13.72%	-33.59%
SSO	ProShares Ultra S&P500	0.89%	+21.64%	+30.12%	+21.87%
EAGL	Eagle Capital Select Equity ETF	0.80%	+16.87%	—	—

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