Investment Test Drive

CLNWX Columbia Multi-Asset Income W

3 lower fee alternatives found

FeeX scanned the market for similar funds with lower fees and better past returns
Show results with
Investing
$
  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund CLNWX Columbia Multi-Asset Income W IYLD iShares Morningstar Multi-Asset Income YLD Principal EDGE Active Income ETF  
Similarity
?
100% 85% 90%
Annual Fees
?
$102.67
(0.99% Exp. Ratio)
$61.19
(0.59% Exp. Ratio)
$99.56
(0.96% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 3.71% annual return
$22,110.64 $24,953.52 $22,312.52
Est. savings over 30 yrs +$2,842.87 +$201.87
Return
As of 11/30/16
1 YR RETURN 6.50%
3 YR --
5 YR --
10 YR --
1 YR RETURN 6.87%
3 YR 4.48%
5 YR --
10 YR --
1 YR RETURN 11.85%
3 YR --
5 YR --
10 YR --
Description
The investment seeks to provide shareholders with a high level of current income; total return is the secondary objective. Under normal circumstances, the fund allocates its assets to multiple asset classes, such as equity, fixed income and cash/cash equivalents, as well as strategies designed to achieve desired investment exposures, including through the use of derivatives and other instruments and assets. It may invest in the securities, instruments and assets described herein directly, or indirectly through investments in other mutual funds and exchange-traded funds (ETFs) managed by third parties or the investment manager or its affiliates.
The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities (including indirect investments through the underlying funds) of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation.
The investment seeks to provide current income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing, under normal circumstances, its assets in investment grade and non-investment grade fixed income securities (commonly known as "junk bonds") and in equity securities. The fund's Sub-Advisors, actively and tactically allocates the fund's assets among fixed income securities and equity securities in an effort to take advantage of changing economic conditions that Edge believes favors one asset class over another.

Join FeeX to view all alternatives, get more data and filtering options, and be able to automatically scan all your investments for lower fee replacements.

It's free!

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.

+

Your Feedback has been sent successfully!