Investment Test Drive

FDHAX First Trust Short Duration High Inc A

4 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 FDHAX First Trust Short Duration High Inc A LFRFX Lord Abbett Floating Rate F EVFAX Eaton Vance Floating-Rate Advantage Adv  
Similarity
?
100% 90% 95%
Annual Fees
?
$127.41
(1.25% Exp. Ratio)
$71.35
(0.70% Exp. Ratio)
$103.97
(1.02% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.93% annual return
$12,171.39 $14,378.19 $13,051.20
Est. savings over 30 yrs +$2,206.81 +$879.81
Return
As of 10/31/16
1 YR RETURN 5.43%
3 YR 3.05%
5 YR --
10 YR --
1 YR RETURN 6.87%
3 YR 3.49%
5 YR 5.14%
10 YR --
1 YR RETURN 7.93%
3 YR 3.48%
5 YR 5.08%
10 YR 4.71%
Description
The investment seeks to provide a high level of current income; capital appreciation is the secondary consideration. Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in high yield debt securities and bank loans that are rated below-investment grade or unrated. It has a short duration investment strategy, which seeks to maintain, under normal market conditions, a blended (or weighted average) portfolio duration of three years or less. Under normal market conditions, the fund may invest up to 15% of its net assets in non-U.S. securities denominated in non-U.S. currencies.
The investment seeks a high level of current income. Under normal conditions, the fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate senior loans. It may invest up to 25% of its total assets in senior loans made to foreign-domiciled borrowers and foreign securities, including emerging market securities. The fund may invest up to 20% of its net assets in other types of debt securities and short-term instruments. In addition, it may invest up to 10% of its net assets in derivatives.
The investment seeks to provide a high level of current income. Under normal circumstances, the fund invests at least 80% of its total assets in income producing floating rate loans and other floating rate debt securities. It invests primarily in senior floating rate loans of domestic and foreign borrowers ("Senior Loans"). Senior Loans typically are of below investment grade quality and have below investment grade credit ratings, which ratings are associated with securities having high risk, speculative characteristics (sometimes referred to as "junk").

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!