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CFTAX American Funds College 2024 529A

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Fund CFTAX American Funds College 2024 529A VWINX Vanguard Wellesley® Income Inv  
Similarity
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100% 87%
Annual Fees
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$78.82
(0.76% Exp. Ratio)
$23.85
(0.23% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.71% annual return
$23,714.18 $27,823.04
Est. savings over 30 yrs +$4,108.86
Return
As of 11/30/16
1 YR RETURN 4.05%
3 YR 3.81%
5 YR --
10 YR --
1 YR RETURN 5.80%
3 YR 5.57%
5 YR 7.54%
10 YR 6.58%
Description
The investment seeks to achieve the following objectives to varying degrees: growth, income and preservation of capital, depending on the proximity to its target date; the target date is meant to roughly correspond to the year in which the fund beneficiary will start to withdraw funds to meet higher education expenses. The fund will attempt to achieve its investment objectives by investing in a mix of American Funds in different combinations and weightings. The underlying American Funds represent a variety of fund categories such as growth funds, growth-and-income funds, equity-income funds, balanced funds and bond funds.
The investment seeks to provide long-term growth of income and a high and sustainable level of current income, along with moderate long-term capital appreciation. The fund invests approximately 60% to 65% of its assets in investment-grade corporate, U.S. Treasury, and government agency bonds, as well as mortgage-backed securities. The remaining 35% to 40% of fund assets are invested in common stocks of companies that have a history of above-average dividends or expectations of increasing dividends.

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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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