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BLDIX BlackRock Managed Income Institutional

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Fund BLDIX BlackRock Managed Income Institutional LWC SPDR® Blmbg Barclays LT Corp Bd ETF  
Similarity
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100% 88%
Annual Fees
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$46.10
(0.45% Exp. Ratio)
$12.29
(0.12% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.44% annual return
$17,998.49 $19,877.15
Est. savings over 30 yrs +$1,878.66
Return
As of 11/30/16
1 YR RETURN 7.38%
3 YR 4.78%
5 YR 4.45%
10 YR --
1 YR RETURN 7.82%
3 YR 6.58%
5 YR 5.74%
10 YR --
Description
The investment seeks to maximize current income with consideration for risk-managed total return. The fund may invest up to 100% of its assets in fixed-income securities and up to 30% of its assets in equity securities. It may also gain exposure to such fixed-income securities and equity securities by investing in BlackRock fixed-income and/or equity mutual funds and affiliated and unaffiliated ETFs. With respect to the fund's fixed-income investments, the fund may invest in fixed-income securities such as corporate bonds and notes, commercial and residential mortgage-backed securities, asset-backed securities, municipal securities, etc.
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. Long Term Corporate Bond Index. The fund generally 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 measure the performance of U.S. corporate bonds that have a maturity of greater than or equal to 10 years. The fund 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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