Investment Test Drive

AHBIX Salient High Yield Investor

12 lower fee alternatives found

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  YOU ASKED ABOUT FEATURED ALTERNATIVE ? ALTERNATIVE
Fund AHBIX Salient High Yield Investor PGHY PowerShares Global ShrtTerm HiYld Bd ETF FIHLX Federated Instl High Yield Bond R6  
Similarity
?
100% 88% 86%
Annual Fees
?
$128.56
(1.26% Exp. Ratio)
$35.71
(0.35% Exp. Ratio)
$50.00
(0.49% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 2.03% annual return
$12,502.61 $16,463.65 $15,783.70
Est. savings over 30 yrs +$3,961.04 +$3,281.09
Return
As of 11/30/16
1 YR RETURN 8.70%
3 YR 2.74%
5 YR 5.97%
10 YR 5.58%
1 YR RETURN 10.15%
3 YR 4.12%
5 YR --
10 YR --
1 YR RETURN 10.72%
3 YR 4.66%
5 YR 7.62%
10 YR 7.44%
Description
The investment seeks high current income. Under normal conditions, the fund invests at least 80% of its net assets plus borrowings for investment purposes, if any, in lower-rated bonds (including bonds commonly referred to as "junk bonds"). Such investments may be represented by derivative instruments, in which the fund may invest without limitation. The fund will normally maintain its portfolio duration within a range of plus or minus 50% of the fund's benchmark, the BofA Merrill Lynch U.S. High Yield Master II Index (the "Benchmark").
The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the DB Global Short Maturity High Yield Bond Index. The fund generally will invest at least 80% of its total assets in U.S. and foreign short-term, non-investment grade bonds included in the underlying index, all of which are denominated in U.S. dollars. It is non-diversified.
The investment seeks high current income. The fund pursues its investment objective by investing primarily in a diversified portfolio of high yield corporate bonds (also known as "junk bonds"), including loans and debt securities issued by U.S. or foreign businesses (including emerging market debt securities). The Adviser does not limit the fund's investments to securities of a particular maturity range. It may invest in derivative contracts (for example, futures contracts, option contracts and swap contracts) to implement its investment strategies.

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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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