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JFIHX JHancock Floating Rate Income 1

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Fund JFIHX JHancock Floating Rate Income 1
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Similarity
?
100%
Annual Fees
?
$79.48
(0.78% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.90% annual return
$13,919.93
Est. savings over 30 yrs
Return
As of 12/31/16
1 YR RETURN 11.37%
3 YR 2.26%
5 YR 4.25%
10 YR --
Description
The investment seeks a high level of current income. The fund will invest at least 80% of its net assets in floating-rate loans, which often include debt securities of domestic and foreign issuers that are rated below investment grade, at the time of purchase, or are of comparable quality, as determined by the manager, and other floating-rate securities. It may invest in domestic and foreign loans and loan participations that pay interest at rates that float or reset periodically at a margin above a generally recognized base lending rate such as the Prime Rate, the London InterBank Offered Rate, or another generally recognized base lending rate.

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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.

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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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