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FRICX Federated Floating Rate Strat Inc C

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Fund FRICX Federated Floating Rate Strat Inc C FFRHX Fidelity® Floating Rate High Income PFFRX T. Rowe Price Instl Floating Rate F  
100% 94% 92%
Annual Fees
(1.75% Exp. Ratio)
(0.70% Exp. Ratio)
(0.69% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.91% annual return
$10,391.06 $14,294.22 $14,337.47
Est. savings over 30 yrs +$3,903.16 +$3,946.41
As of 9/30/16
1 YR RETURN 3.90%
3 YR 2.29%
5 YR 3.47%
10 YR --
1 YR RETURN 5.84%
3 YR 2.83%
5 YR 4.15%
10 YR 3.91%
1 YR RETURN 5.15%
3 YR 3.58%
5 YR 5.21%
10 YR --
The investment seeks to provide total return consistent with current income and low interest rate volatility. The fund pursues its investment objective by allocating its portfolio of investments among the following three categories of the fixed-income market: domestic investment-grade; domestic non-investment-grade (also known as "junk bonds"), and foreign (in both emerging and developed markets). Under normal market conditions it will endeavor to maintain an average effective portfolio duration within a range of negative two (-2) to positive three (+3) years, in order to manage Share price volatility due to interest rate risk.
The investment seeks a high level of current income. The fund invests at least 80% of assets in floating rate loans, which are often lower-quality debt securities, and other floating rate securities. It invests in companies in troubled or uncertain financial condition. The fund invests in money market and investment-grade debt securities, and repurchase agreements. It invests in domestic and foreign issuers. The fund uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
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.

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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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