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MCFAX Miller Convertible Bond A

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Fund MCFAX Miller Convertible Bond A CWB SPDR® Blmbg Barclays Convert Secs ETF  
Similarity
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100% 89%
Annual Fees
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$144.82
(1.44% Exp. Ratio)
$40.23
(0.40% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 0.57% annual return
$7,673.33 $10,513.39
Est. savings over 30 yrs +$2,840.07
Return
As of 11/30/16
1 YR RETURN 5.16%
3 YR 4.85%
5 YR 8.21%
10 YR --
1 YR RETURN 7.24%
3 YR 5.75%
5 YR 10.15%
10 YR --
Description
The investment seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital; it also seeks to realize a total return that outperforms both the Barclays U.S. Aggregate Bond Index and the S&P 500 Total Return Index over full market cycles. The fund invests at least 80% of its assets (defined as net assets plus borrowings for investment purposes) in convertible bonds. The managers define convertible bonds as including synthetic convertible bonds.
The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Barclays U.S. Convertible Bond >$500MM Index. The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index or in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to represent the market of U.S. convertible securities with outstanding issue sizes greater than $500 million. It is non-diversified.

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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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