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AFRCX Invesco Floating Rate C

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Fund AFRCX Invesco Floating Rate C PFFRX T. Rowe Price Instl Floating Rate F BKLN PowerShares Senior Loan ETF  
100% 98% 90%
Annual Fees
(1.54% Exp. Ratio)
(0.69% Exp. Ratio)
(0.65% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.91% annual return
$11,078.42 $14,337.47 $14,511.73
Est. savings over 30 yrs +$3,259.05 +$3,433.31
As of 9/30/16
1 YR RETURN 5.06%
3 YR 2.07%
5 YR 4.50%
10 YR 2.86%
1 YR RETURN 5.15%
3 YR 3.58%
5 YR 5.21%
10 YR --
1 YR RETURN 5.17%
3 YR 2.12%
5 YR 4.59%
10 YR --
The investment seeks total return, comprised of current income and capital appreciation. The fund invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans made by banks and other lending institutions and in senior secured floating rate debt instruments, and in derivatives and other instruments that have economic characteristics similar to such securities. It may use leverage in an effort to maximize its return through borrowing, generally from banks, in an amount of up to 33 1⁄3% of the fund's total assets after such borrowing.
The investment seeks high current income and, secondarily, capital appreciation. The fund invests at least 80% of its net assets (including any borrowings for investment purposes) in floating rate loans and floating rate debt securities. Floating rate loans represent amounts borrowed by companies or other entities from banks and other lenders. It may invest up to 20% of its net assets in fixed rate debt securities. The fund may also invest up to 20% of its total assets in non-U.S. dollar-denominated loans and debt securities (including securities of issuers in emerging markets) in keeping with the fund's investment objective.
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P/LSTA U.S. Leveraged Loan 100 Index (the "underlying index"). The fund generally will invest at least 80% of its net assets (plus any borrowings for investment purposes) in senior loans that comprise the underlying index. Banks and other lending institutions generally issue senior loans to corporations, partnerships or other entities ("borrowers"). These borrowers operate in a variety of industries and geographic regions, including foreign countries.

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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.


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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