Investment Test Drive

IOBAX ICON Bond A

3 lower fee alternatives found

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Fund IOBAX ICON Bond A VWESX Vanguard Long-Term Investment-Grade Inv MCIYX BMO TCH Corporate Income Y  
Similarity
?
100% 85% 87%
Annual Fees
?
$117.80
(1.15% Exp. Ratio)
$21.51
(0.21% Exp. Ratio)
$61.46
(0.60% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.44% annual return
$14,559.47 $19,339.98 $17,196.38
Est. savings over 30 yrs +$4,780.51 +$2,636.90
Return
As of 11/30/16
1 YR RETURN 4.73%
3 YR 3.19%
5 YR 3.76%
10 YR 4.09%
1 YR RETURN 5.84%
3 YR 7.14%
5 YR 6.06%
10 YR 6.60%
1 YR RETURN 9.73%
3 YR 4.61%
5 YR 5.65%
10 YR --
Description
The investment seeks maximum total return. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in a broad range of U.S. dollar-denominated bonds. These include corporate bonds, notes and debentures, as well as U.S. government and agency securities.
The investment seeks to provide a high and sustainable level of current income. The fund invests in a variety of high-quality and, to a lesser extent, medium-quality fixed income securities, at least 80% of which will be intermediate- and long-term investment-grade securities. High-quality fixed income securities are those rated the equivalent of A3 or better; medium-quality fixed income securities are those rated the equivalent of Baa1, Baa2, or Baa3. The fund's dollar-weighted average maturity is expected to fall within a range that is five years shorter than or five years longer than that of its benchmark index.
The investment seeks to maximize total return consistent with current income. The fund invests at least 80% of its assets in corporate debt securities, including convertible debt securities. Although the fund will invest primarily in U.S. dollar denominated securities with a minimum rating in the lowest investment grade category at the time of purchase, the fund may invest up to 20% of its assets in debt securities that are below investment grade, also known as high yield securities or "junk bonds," and non-U.S. dollar denominated foreign debt securities.

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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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