Investment Test Drive

IFRCX Voya Floating Rate C

14 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund IFRCX Voya Floating Rate C LFRFX Lord Abbett Floating Rate F FFRHX Fidelity® Floating Rate High Income  
Similarity
?
100% 96% 95%
Annual Fees
?
$182.43
(1.79% Exp. Ratio)
$71.34
(0.70% Exp. Ratio)
$71.34
(0.70% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.92% annual return
$10,286.06 $14,323.71 $14,323.71
Est. savings over 30 yrs +$4,037.64 +$4,037.64
Return
As of 11/30/16
1 YR RETURN 4.92%
3 YR 2.01%
5 YR 3.71%
10 YR --
1 YR RETURN 8.06%
3 YR 3.50%
5 YR 5.39%
10 YR --
1 YR RETURN 7.75%
3 YR 2.70%
5 YR 3.85%
10 YR 3.88%
Description
The investment seeks to provide investors with a high level of current income. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in U.S. dollar denominated floating rate loans and other floating rate debt instruments, including: floating rate bonds; floating rate notes; money market instruments with a remaining maturity of 60 days or less; floating rate debentures; and tranches of floating rate asset-backed securities, including structured notes, made to, or issued by, U.S. and non-U.S. corporations or other business entities (collectively "Floating Rate Debt").
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 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.

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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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