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OFIIX Oppenheimer Corporate Bond I

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Fund OFIIX Oppenheimer Corporate Bond I VLTCX Vanguard Long-Term Corp Bond Idx Admiral VCLT Vanguard Long-Term Corporate Bond ETF  
Similarity
?
100% 97% 97%
Annual Fees
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$57.37
(0.56% Exp. Ratio)
$10.24
(0.10% Exp. Ratio)
$10.24
(0.10% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.44% annual return
$17,405.20 $19,989.88 $19,989.88
Est. savings over 30 yrs +$2,584.68 +$2,584.68
Return
As of 11/30/16
1 YR RETURN 3.63%
3 YR 3.74%
5 YR 5.46%
10 YR --
1 YR RETURN 7.28%
3 YR 6.66%
5 YR 5.96%
10 YR --
1 YR RETURN 7.29%
3 YR 6.66%
5 YR 5.95%
10 YR --
Description
The investment seeks total return. Under normal market conditions, the fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in corporate bonds. It will invest mainly in "investment grade" debt securities, which are those rated in one of the top four categories by nationally recognized statistical rating organizations such as Moody's or Standard & Poor's. The fund seeks to maintain an average effective portfolio duration of approximately three to nine years, measured on a dollar-weighted basis.
The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. Under normal circumstances, at least 80% of the fund's assets will be invested in bonds included in the index.
The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Bloomberg Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. Under normal circumstances, at least 80% of the fund's assets will be invested in bonds included in the index.

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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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