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NFIIX Neuberger Berman Floating Rate Inc Inst

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Fund NFIIX Neuberger Berman Floating Rate Inc Inst PFFRX T. Rowe Price Instl Floating Rate F  
Similarity
?
100% 93%
Annual Fees
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$71.34
(0.70% Exp. Ratio)
$70.32
(0.69% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 1.92% annual return
$14,324.13 $14,367.47
Est. savings over 30 yrs +$43.34
Return
As of 11/30/16
1 YR RETURN 5.87%
3 YR 2.65%
5 YR 4.44%
10 YR --
1 YR RETURN 6.25%
3 YR 3.35%
5 YR 4.75%
10 YR --
Description
The investment seeks high current income. To pursue its goal, the fund invests mainly in floating rate senior secured loans issued in U.S. dollars by U.S. and foreign corporations, partnerships and other business entities (borrowers). These loans are often at the time of investment below investment grade securities (commonly known as "junk bonds"). It normally invests at least 80% of its net assets in floating rate securities (including loans) and other investment companies that provide investment exposure to such floating rate securities.
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.

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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