Investment Test Drive

IOBZX ICON Bond S

6 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund IOBZX ICON Bond S VWESX Vanguard Long-Term Investment-Grade Inv CJNK SPDR® BofA ML Crossover Corp Bd ETF  
Similarity
?
100% 85% 89%
Annual Fees
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$91.90
(0.90% Exp. Ratio)
$21.44
(0.21% Exp. Ratio)
$30.63
(0.30% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.11% annual return
$14,251.14 $17,548.93 $17,080.27
Est. savings over 30 yrs +$3,297.79 +$2,829.13
Return
As of 12/31/16
1 YR RETURN 6.14%
3 YR 3.77%
5 YR 3.85%
10 YR 4.69%
1 YR RETURN 7.81%
3 YR 7.60%
5 YR 5.54%
10 YR 6.97%
1 YR RETURN 10.42%
3 YR 4.71%
5 YR --
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 investment results that, before fees and expenses, correspond generally to the price and yield performance of the BofA Merrill Lynch US Diversified Crossover Corporate 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 measure the performance of U.S. dollar denominated BBB and BB corporate debt publicly issued in the U.S. domestic market. 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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